130
CITY OF PLACENTIA
POSITION ALLOCATION PLAN
FISCAL YEAR 2024-25
ELECTED
MAYOR
CITY COUNCIL
CITY CLERK
CITY TREASURER
Amended Adopted Amended
23-24 24-25 24-25
1 1
1 4
1 1
4 4
1 1
1 1
TOTALS
APPOINTED (DOES NOT INCLUDE ALTERNATES)
CITIZENS' OVERSIGHT COMMITTEE
FINANCIAL AUDIT OVERSIGHT COMMITTEE
HERITAGE COMMITTEE
HISTORICAL COMMITTEE
PARKS ARTS AND RECREATION COMMISSION (PARC)
PLANNING COMMISSION
SENIOR ADVISORY COMMITTEE
SENIOR/COMMUNITY CENTER BLUE RIBBON COMMITTEE
STREETSCAPE AND TRANSPORTATION ADVISORY COMMISSION
VETERANS ADVISORY COMMITTEE
7 7
7 Amended Adopted Amended
23-24 24-25 24-25
3 3
3 5
5 5
8 8
8 9
9 9
5 5 5
7 7 7
7 7 7
9 9 9
6 6
6 10
10 10
TOTALS
CITY ADMINISTRATOR
ASSISTANT TO THE CA/ECONOMIC DEVELOPMENT MANAGER
CITY ADMINISTRATOR
COMMUNICATIONS & MARKETING MANAGER
DIGITAL MEDIA ANALYST
EXECUTIVE ADMINISTRATIVE ASSISTANT TO THE CA
SENIOR MANAGEMENT ANALYST
69 69
69 Amended Adopted Amended
23-24 24-25 24-25
0 0 0
1 1
1 1
1 1
1 1
1 1
1 1
1 1 0
TOTALS
ADMINISTRATIVE SERVICES
ADMINISTRATIVE ASSISTANT
ADMINISTRATIVE SPECIALIST
DEPUTY CITY ADMINISTRATOR
DEPUTY CITY CLERK
DEPUTY DIRECTOR OF ADMINISTRATIVE SERVICES
DIRECTOR OF HUMAN RESOURCES
HUMAN RESOURCES ANALYST
5 5
4 Amended Adopted Amended
23-24 24-25 24-25
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1
Revised CC April 15, 2025 131
CITY OF PLACENTIA
POSITION ALLOCATION PLAN
FISCAL YEAR 2024-25
ADMINISTRATIVE SERVICES (CONTINUED)
HUMAN RESOURCES OFFICE CLERK
INFORMATION TECHNOLOGY MANAGER
INFORMATION TECHNOLOGY SPECIALIST
INFORMATION TECHNOLOGY TECHNICIAN
PUBLIC SAFETY COMMUNICATIONS MANAGER
PUBLIC SAFETY COMMUNICATIONS SUPERVISOR
PUBLIC SAFETY DISPATCHER (1 OVERHIRE)
RISK MANAGER
SENIOR HUMAN RESOURCES ANALYST
SENIOR HUMAN RESOURCES TECHNICIAN
SENIOR MANAGEMENT ANALYST
Amended Adopted Amended
23-24 24-25 24-25
1 1 1
1 1
1 1
1 1
1 1 1
1 1 1
3 3 3
13 13
13 1
1 1
1 1 1
1 1 1
1 1 1
TOTALS
FINANCE
ACCOUNT CLERK
ACCOUNTING TECHNICIAN
DEPUTY CITY ADMINISTRATOR/DIRECTOR OF FINANCE
FINANCE MANAGER
SENIOR ACCOUNTANT
SENIOR ACCOUNTING TECHNICIAN
SENIOR FINANCIAL ANALYST
32 32
32 Amended Adopted Amended
23-24 24-25 24-25
0 0
0 4
4 4
1 1
1 1
1 1
1 1
1 1
1 1
1 1
1 TOTALS
DEVELOPMENT SERVICES
ADMINISTRATIVE ASSISTANT
ASSISTANT TO THE CA/ECONOMIC DEVELOPMENT MANAGER
ASSOCIATE PLANNER
BUILDING INSPECTOR
BUILDING PERMIT TECHNICIAN
BUILDING INSPECTION MANAGER
CODE ENFORCEMENT OFFICER
CODE ENFORCEMENT SUPERVISOR
DIGITAL MEDIA ANALYST
DIRECTOR OF DEVELOPMENT SERVICES
GIS TECHNICIAN
MANAGEMENT ANALYST
PLANNING MANAGER
PLANNING TECHNICIAN
PLANS EXAMINER
9 9
9 Amended Adopted Amended
23-24 24-25 24-25
1 1
1 0
0 0
1 1
1 1
1 1
2 2
2 0
0 1
1 1
1 1
1 1
0 0
0 1
1 1
1 1
1 0
0 0
1 1
1 1
1 1
1 1
0
Revised CC April 15, 2025 132
CITY OF PLACENTIA
POSITION ALLOCATION PLAN
FISCAL YEAR 2024-25
Amended Adopted Amended
23-24 4-25
DEVELOPMENT SERVICES (CONTINUED)
SENIOR PLANNER 0
SR. CODE ENFORCEMENT OFFICER 0
0 0
0 0
TOTALS 12
12 12
Amended Adopted Amended
23-24 24-25 24-25
PUBLIC SAFETY - POLICE
CAPTAIN
CHIEF OF POLICE
COMMUNITY SERVICES OFFICER
CRIME ANALYST
IT SERGEANT
LIEUTENANT
MANAGEMENT ANALYST
OFFICE SPECIALIST - RECORDS
PARKING CONTROL OFFICER
POLICE ACADEMY TRAINEE
POLICE CIVILIAN INVESTIGATOR
POLICE OFFICER (3 OVERHIRE)
POLICE SERVICES OFFICER
POLICE SERVICES SUPERVISOR
PROPERTY TECHNICIAN
SERGEANT
SR. ADMINISTRATIVE ASSISTANT
SR. MANAGEMENT ANALYST
2 2 2
1 1 1
2 2 2
1 1 1
1 1 1
3 3 3
1 1 1
3 3 3
2 2
2 1
1 1
3 3
3 39
39 39
2 2 2
3 3 3
1 1 1
10 10
10 1
1 1
0 0
0 TOTALS
FIRE & LIFE SAFETY
ADMINISTRATIVE ASSISTANT
BATTALION CHIEF
DEPUTY FIRE CHIEF
FIRE CAPTAIN
FIRE CHIEF
FIRE ENGINEER
FIREFIGHTER
MANAGEMENT ANALYST
MANAGEMENT ASSISTANT
OFFICE ASSISTANT
PATROL ENGINEER
76 76
76 Amended Adopted Amen • ed
23-24 24-25 24-25
1 1
1 3
3 3
1 1
1 6
6 6
1 1
1 6
6 6
9 9
9 0
0 0
0 0
0 0
0 0
0 0
0
CITY OF PLACENTIA
POSITION ALLOCATION PLAN
FISCAL YEAR 2024-25
Amended Adopted Amended
23-24 24-25 24-25
FIRE & LIFE SAFETY
SENIOR MANAGEMENT ANALYST
1 1
1 TRAINING OFFICER 0
0 0
TOTALS
30 30
30 Amended Adopted Amended
23-24 24-25 24-25
PUBLIC WORKS
DIRECTOR OF PUBLIC WORKS/CITY ENGINEER
ADMINISTRATIVE ASSISTANT
ASSOCIATE CIVIL ENGINEER (SEWER)
DEPUTY DIRECTOR OF PUBLIC WORKS
CUSTODIAN
ENGINEERING AIDE
FACILITY MAINTENANCE TECHNICIAN
MAINTENANCE WORKER
MANAGEMENT ASSISTANT
MANAGEMENT ANALYST
MECHANIC
OFFICE ASSISTANT
PUBLIC WORKS INSPECTOR
SENIOR CIVIL ENGINEER
SENIOR CUSTODIAN
SENIOR MANAGEMENT ANALYST
TRANSPORTATION MANAGER
0 0
1 1
1 1
1 1 1
1 1 1
1 1 1
1 1 1
2 2 2
8 8 8
1 1
1 0
0 0
2 2
2 0
0 0
1 1 1
1 1 1
1 1 1
1 1
1 1
1 1
TOTALS
COMMUNITY SERVICES
ADMINISTRATIVE ASSISTANT
COMMUNITY SERVICES COORDINATOR
COMMUNITY SERVICES SUPERVISOR
DEPUTY DIRECTOR OF COMMUNITY SERVICES
DIRECTOR OF COMMUNITY SERVICES
FACILITY MAINTENANCE TECHNICIAN
MAINTENANCE WORKER
MANAGEMENT ANALYST
OFFICE ASSISTANT
29 29
30 Amended Adopted Amended
23-24 24-25 24-25
1 1 1
4 4 4
0 0
3 1
1 0
1 1 1
3 3
3 0
0 0
1 1
0 0
0 0
TOTALS
11 11
12
Revised CC April 15, 2025 134
CITY OF PLACENTIA
POSITION ALLOCATION PLAN
FISCAL YEAR 2024-25
SUMMARY
FULL-TIME FUNDED PERSONNEL
200
200
201
UNFUNDED OVERHIRES
4 4
4 ELECTED & APPOINTED PERSONNEL
76 76
76 GRAND TOTAL
280
280
281
*Overhires are not funded
RESOLUTION NO. R-2025-15
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PLACENTIA, CALIFORNIA AMENDING THE
COMPENSATION PLAN FOR THE UNREPRESENTED MID -
MANAGEMENT AND EXECUTIVE MANAGEMENT
EMPLOYEES ADOPTING VARIOUS CLASSIFICATIONS
AND SALARY RANGES
WHEREAS, it is the desire of the City Council to amend the City's position allocation plan; and
WHEREAS, it is the desire of the City Council to amend the Compensation Plan for the Unrepresented Mid -Management and Executive Management Employees to include the Deputy City Administrator/Director of Finance and Building Inspection Manager job classifications and salary ranges and revised job classification titles of Director of Public Works/City Engineer and Deputy Director of Public Works.
NOW, THEREFORE, the City Council of the City of Placentia does hereby resolve, determine, and order as follows:
Section 1: Exhibit "A" of the Compensation Plan for the Unrepresented Mid - Management and Executive Management Employees Salary Schedule of Resolution R- 2023-56 is hereby deleted in its entirety and a new Exhibit "A" of the Compensation Plan for the Unrepresented Mid -Management and Executive Management Employees Salary Schedule, attached to this resolution, is hereby approved effective April 15, 2025.
APPROVED and ADOPTED this 15th day of April 2025.
Kevin Kirwin, Mayor
ATTEST:
Robert S. McKinnell, City Clerk
Resolution R-2025-15
136
STATE OF CALIFORNIA
COUNTY OF ORANGE
I, Robert S. McKinnell, City Clerk of the City of Placentia, do hereby certify that the foregoing resolution was adopted at a regular meeting of the City Council of the City of Placentia held on the 15th day of April 2025 by the following vote:
Robert S. McKinnell, City Clerk
APPROVED AS TO FORM:
Christian Bettenhausen, City Attorney
Resolution R-2025-15
137
APPENDIX "A" - JOB CLASS AND SALARY SCHEDULE
MID -MANAGEMENT
Effective July 1, 2023
JOB CLASS
STEP A
STEP B
STEP C
STEP D
STEP E
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
ACCOUNTANT
34.80 6,031.37
72,376.47
36.54 6,332.94
75,995.29
38.36 6,649.59
79,795.05
40.28 6,982.07
83,784.80
42.30 7,331.17
87,974.05
ACCOUNTING MANAGER
50.77 8,800.96
105,611.47
53.31 9,241.00
110,892.05
55.98 9,703.06
116,436.66
58.78 10,188.21
122,258.48
61.72 10,697.62
128,371.41
ASSISTANT TO CA/ECONOMIC DEVELOPMENT
MANAGER
56.29 9,756.59
117,079.10
59.10 10,244.42
122,933.04
62.06 10,756.64
129,079.68
65.16 11,294.47
135,533.70
68.42 11,859.20
142,310.36
ASSOCIATE CIVIL ENGINEER
44.03 7,631.50
91,577.96
46.22 8,012.04
96,144.49
48.54 8,413.20
100,958.46
50.96 8,833.12
105,997.38
53.51 9,275.52
111,306.25
ASSOCIATE PLANNER
38.19 6,619.21
79,430.58
40.10 6,950.18
83,402.12
42.10 7,297.69
87,572.24
44.21 7,662.57
91,950.83
46.42 8,045.70
96,548.37
CHIEF BUILDING OFFICIAL
52.90 9,169.14
110,029.73
55.54 9,627.60
115,531.22
58.32 10,108.98
121,307.78
61.24 10,614.43
127,373.17
64.30 11,145.15
133,741.83
CHIEF DEPUTY CITY CLERK
43.15 7,479.89
89,758.69
45.31 7,853.89
94,246.62
47.58 8,246.58
98,958.95
49.96 8,658.91
103,906.90
52.45 9,091.85
109,102.25
CITY ENGINEER/DEPUTY DIRECTOR OF PUBLIC
WORKS
63.51 11,008.51
132,102.11
66.69 11,558.93
138,707.22
70.02 12,136.88
145,642.58
73.52 12,743.72
152,924.70
77.20 13,380.91
160,570.96
CODE ENFORCEMENT MANAGER
43.44 7,529.16
90,349.90
45.61 7,905.62
94,867.40
47.89 8,300.90
99,610.76
50.28 8,715.94
104,591.30
52.80 9,151.74
109,820.87
CODE ENFORCEMENT SUPERVISOR
37.02 6,415.99
76,991.91
38.87 6,736.79
80,841.51
40.81 7,073.63
84,883.59
42.85 7,427.32
89,127.81
44.99 7,798.68
93,584.15
COMMUNICATIONS & MARKETING MANAGER
43.44 7,529.16
90,349.90
45.61 7,905.62
94,867.40
47.89 8,300.90
99,610.76
50.28 8,715.94
104,591.30
52.80 9,151.74
109,820.87
COMMUNITY SERVICES SUPERVISOR
37.02 6,415.99
76,991.91
38.87 6,736.79
80,841.51
40.81 7,073.63
84,883.59
42.85 7,427.32
89,127.81
44.99 7,798.68
93,584.15
CRIME ANALYST
37.02 6,415.99
76,991.91
38.87 6,736.79
80,841.51
40.81 7,073.63
84,883.59
42.85 7,427.31
89,127.76
44.99 7,798.68
93,584.15
DEPUTY CHIEF OF
POLICE
82.84 14,358.72
172,304.61
86.98 15,076.65
180,919.84
91.33 15,830.49
189,965.83
95.90 16,622.01
199,464.12
100.69
17,453.11
209,437.33
DEPUTY CITY CLERK
33.73 5,846.25
70,155.03
35.41 6,138.56
73,662.77
37.19 6,445.49
77,345.90
39.04 6,767.77
81,213.18
41.00 7,106.16
85,273.87
DEPUTY DIRECTOR OF ADMINISTRATIVE SERVICES
69.36 12,022.07
144,264.88
72.83 12,623.18
151,478.12
76.47 13,254.34
159,052.03
80.29 13,917.05
167,004.63
84.31 14,612.91
175,354.86
DEPUTY DIRECTOR OF COMMUNITY SERVICES
48.60 8,424.59
101,095.05
51.03 8,845.82
106,149.79
53.59 9,288.11
111,457.29
56.26 9,752.51
117,030.14
59.08 10,240.14
122,881.66
DIGITAL MEDIA ANALYST
37.02 6,415.99
76,991.91
38.87 6,736.79
80,841.51
40.81 7,073.63
84,883.59
42.85 7,427.31
89,127.76
44.99 7,798.68
93,584.15
ECONOMIC DEVELOPMENT MANAGER
43.44 7,529.16
90,349.90
45.61 7,905.62
94,867.40
47.89 8,300.90
99,610.76
50.28 8,715.94
104,591.30
52.80 9,151.74
109,820.87
FINANCE SERVICE MANAGER
50.77 8,800.96
105,611.48
53.31 9,241.00
110,892.05
55.98 9,703.05
116,436.65
58.78 10,188.21
122,258.49
61.72 10,697.62
128,371.41
FIRE DEPUTY CHIEF
69.36 12,022.07
144,264.88
72.83 12,623.18
151,478.12
76.47 13,254.34
159,052.03
80.29 13,917.05
167,004.63
84.31 14,612.91
175,354.86
FIRE MARSHAL
59.72 10,352.17
124,226.04
62.95 10,911.18
130,934.21
66.35 11,500.37
138,004.42
69.93 12,121.39
145,456.71
73.71 12,775.93
153,311.14
FIRE PREVENTION SPECIALIST
37.02 6,415.99
76,991.91
38.87 6,736.79
80,841.51
40.81 7,073.63
84,883.59
42.85 7,427.31
89,127.76
44.99 7,798.68
93,584.15
HUMAN RESOURCES ANALYST
37.02 6,415.99
76,991.91
38.87 6,736.79
80,841.51
40.81 7,073.63
84,883.59
42.85 7,427.31
89,127.76
44.99 7,798.68
93,584.15
HUMAN RESOURCES MANAGER
43.44 7,529.16
90,349.90
45.61 7,905.62
94,867.40
47.89 8,300.90
99,610.76
50.28 8,715.94
104,591.30
52.80 9,151.74
109,820.87
INFORMATION TECHNOLOGY MANAGER
57.98 10,049.29
120,591.46
60.88 10,551.75
126,621.03
63.92 11,079.34
132,952.07
67.12 11,633.31
139,599.71
70.47 12,214.97
146,579.67
INFORMATION TECHNOLOGY SPECIALIST
37.02 6,415.99
76,991.91
38.87 6,736.79
80,841.51
40.81 7,073.63
84,883.59
42.85 7,427.31
89,127.76
44.99 7,798.68
93,584.15
MANAGEMENT ANALYST
37.02 6,415.99
76,991.91
38.87 6,736.79
80,841.51
40.81 7,073.63
84,883.59
42.85 7,427.31
89,127.76
44.99 7,798.68
93,584.15
NEIGHBORHOOD SERVICES MANAGER
43.44 7,529.16
90,349.90
45.61 7,905.62
94,867.40
47.89 8,300.90
99,610.76
50.28 8,715.94
104,591.30
52.80 9,151.74
109,820.87
MGT 23-25, Amended by Resolution R-2025-XX Adopted April 15, 2025 138
APPENDIX "A" - JOB CLASS AND SALARY SCHEDULE
MID -MANAGEMENT
Effective July 1, 2023 (con't)
STEP A
STEP B
STEP C
STEP D
STEP E
JOB CLASS
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
PLANNING MANAGER
57.74 10,007.73
120,092.74
60.62 10,508.11
126,097.38
63.65 11,033.52
132,402.25
66.84 11,585.20
139,022.36
70.18 12,164.46
145,973.48
PLANS EXAMINER
42.79 7,416.16
88,993.96
44.92 7,786.97
93,443.68
47.17 8,176.32
98,115.84
49.53 8,585.14
103,021.63
52.01 9,014.39
108,172.71
PUBLIC SAFETY COMMUNICATION MANAGER
57.98 10,049.29
120,591.46
60.88 10,551.75
126,621.03
63.92 11,079.34
132,952.07
67.12 11,633.31
139,599.71
70.47 12,214.97
146,579.67
PUBLIC WORKS MANAGER
57.74 10,007.73
120,092.74
60.62 10,508.11
126,097.38
63.65 11,033.52
132,402.25
66.84 11,585.20
139,022.36
70.18 12,164.46
145,973.48
PUBLIC WORKS SUPERINTENDENT
43.44 7,529.16
90,349.89
45.61 7,905.61
94,867.37
47.89 8,300.90
99,610.75
50.28 8,715.94
104,591.29
52.80 9,151.74
109,820.85
PUBLIC WORKS SUPERVISOR
34.80 6,031.37
72,376.45
36.54 6,332.94
75,995.28
38.36 6,649.59
79,795.04
40.28 6,982.07
83,784.79
42.30 7,331.17
87,974.03
RISK MANAGER
57.98 10,049.29
120,591.46
60.88 10,551.75
126,621.03
63.92 11,079.34
132,952.07
67.12 11,633.31
139,599.71
70.47 12,214.97
146,579.67
SENIOR ACCOUNTANT
42.79 7,416.16
88,993.96
44.92 7,786.97
93,443.68
47.17 8,176.32
98,115.84
49.53 8,585.14
103,021.63
52.01 9,014.39
108,172.71
SENIOR ACCOUNTANT II
48.60 8,424.59
101,095.06
51.03 8,845.82
106,149.81
53.59 9,288.11
111,457.30
56.26 9,752.51
117,030.17
59.08 10,240.14
122,881.67
SENIOR CIVIL ENGINEER
56.29 9,756.59
117,079.10
59.10 10,244.42
122,933.04
62.06 10,756.64
129,079.68
65.16 11,294.47
135,533.70
68.42 11,859.20
142,310.36
SENIOR FINANCIAL ANALYST
43.15 7,479.89
89,758.68
45.31 7,853.89
94,246.62
47.58 8,246.58
98,958.95
49.96 8,658.91
103,906.90
52.45 9,091.85
109,102.23
SENIOR HUMAN RESOURCES ANALYST
43.15 7,479.89
89,758.68
45.31 7,853.89
94,246.62
47.58 8,246.58
98,958.95
49.96 8,658.91
103,906.90
52.45 9,091.85
109,102.23
SENIOR MANAGEMENT ANALYST
43.15 7,479.89
89,758.68
45.31 7,853.89
94,246.62
47.58 8,246.58
98,958.95
49.96 8,658.91
103,906.90
52.45 9,091.85
109,102.23
SENIOR PLANNER
48.60 8,424.59
101,095.05
51.03 8,845.82
106,149.79
53.59 9,288.11
111,457.29
56.26 9,752.51
117,030.14
59.08 10,240.14
122,881.66
TRAFFIC ENGINEER
52.90 9,169.14
110,029.72
55.54 9,627.60
115,531.21
58.32 10,108.98
121,307.78
61.24 10,614.43
127,373.18
64.30 11,145.15
133,741.84
TRANSPORTATION MANAGER
52.90 9,169.14
110,029.72
55.54 9,627.60
115,531.21
58.32 10,108.98
121,307.78
61.24 10,614.43
127,373.18
64.30 11,145.15
133,741.84
MGT 23-25, Amended by Resolution R-2025-XX Adopted April 15, 2025 139
APPENDIX "A" - JOB CLASS AND SALARY SCHEDULE
MID -MANAGEMENT
Revised April 15, 2O24
JOB CLASS
STEP A
STEP B
STEP C
STEP D
STEP E
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
ACCOUNTANT
36.19 6,272.63
75,271.53
38.00 6,586.26
79,035.11
39.90 6,915.57
82,986.86
41.89 7,261.35
87,136.19
43.99 7,624.42
91,493.01
ACCOUNTING MANAGER
52.81 9,152.99
109,835.93
55.45 9,610.64
115,327.74
58.22 10,091.18
121,094.13
61.13 10,595.74
127,148.82
64.19 11,125.52
133,506.27
ASSIST TO CA/ECONOMIC DEVELOPMENT MANAGER
58.54 10,146.85
121,762.26
61.47 10,654.20
127,850.37
64.54 11,186.91
134,242.87
67.77 11,746.25
140,955.04
71.16 12,333.56
148,002.78
ASSOCIATE CIVIL ENGINEER
45.79 7,936.76
95,241.07
48.07 8,332.52
99,990.27
50.48 8,749.73
104,996.79
53.00 9,186.44
110,237.28
55.65 9,646.54
115,758.50
ASSOCIATE PLANNER
39.72 6,883.98
82,607.80
41.70 7,228.18
86,738.20
43.79 7,589.59
91,075.13
45.98 7,969.07
95,628.86
48.27 8,367.53
100,410.31
BUILDING INSPECTION MANAGER
60.05 10,408.04
124,896.45
63.05 10,928.44
131,141.27
66.20 11,474.86
137,698.34
69.51 12,048.60
144,583.26
72.99 12,651.03
151,812.42
CHIEF BUILDING OFFICIAL
55.01 9,535.91
114,430.92
57.77 10,012.71
120,152.47
60.65 10,513.34
126,160.09
63.69 11,039.01
132,468.10
66.87 11,590.96
139,091.50
CHIEF DEPUTY CITY CLERK
44.88 7,779.09
93,349.04
47.12 8,168.04
98,016.49
49.48 8,576.44
102,917.31
51.95 9,005.26
108,063.17
54.55 9,455.53
113,466.33
DEPUTY DIRECTOR OF PUBLIC WORKS
66.05 11,448.85
137,386.19
69.35 12,021.29
144,255.50
72.82 12,622.36
151,468.28
76.46 13,253.47
159,041.69
80.29 13,916.15
166,993.79
CODE ENFORCEMENT MANAGER
45.17 7,830.32
93,963.89
47.43 8,221.84
98,662.09
49.81 8,632.93
103,595.19
52.30 9,064.58
108,774.95
54.91 9,517.81
114,213.70
CODE ENFORCEMENT SUPERVISOR
38.50 6,672.63
80,071.59
40.42 7,006.26
84,075.17
42.44 7,356.58
88,278.93
44.56 7,724.41
92,692.92
46.79 8,110.63
97,327.51
COMMUNICATIONS & MARKETING MANAGER
45.17 7,830.32
93,963.89
47.43 8,221.84
98,662.09
49.81 8,632.93
103,595.19
52.30 9,064.58
108,774.95
54.91 9,517.81
114,213.70
COMMUNITY SERVICES SUPERVISOR
38.50 6,672.63
80,071.59
40.42 7,006.26
84,075.17
42.44 7,356.58
88,278.93
44.56 7,724.41
92,692.92
46.79 8,110.63
97,327.51
CRIME ANALYST
38.50 6,672.63
80,071.59
40.42 7,006.26
84,075.17
42.44 7,356.58
88,278.93
44.56 7,724.41
92,692.87
46.79 8,110.63
97,327.51
DEPUTY CHIEF OF POLICE
86.15 14,933.07
179,196.80
90.46 15,679.72
188,156.63
94.98 16,463.71
197,564.47
99.73 17,286.89
207,442.69
104.72
18,151.23
217,814.82
DEPUTY CITY CLERK
35.08 6,080.10
72,961.23
36.83 6,384.11
76,609.28
38.67 6,703.31
80,439.73
40.61 7,038.48
84,461.71
42.64 7,390.40
88,684.83
DEPUTY DIRECTOR OF ADMINISTRATIVE SERVICES
72.13 12,502.96
150,035.47
75.74 13,128.10
157,537.25
79.53 13,784.51
165,414.11
83.50 14,473.73
173,684.82
87.68 15,197.42
182,369.06
DEPUTY DIRECTOR OF COMMUNITY SERVICES
50.55 8,761.57
105,138.85
53.07 9,199.65
110,395.78
55.73 9,659.63
115,915.58
58.52 10,142.61
121,711.35
61.44 10,649.74
127,796.92
DIGITAL MEDIA ANALYST
38.50 6,672.63
80,071.59
40.42 7,006.26
84,075.17
42.44 7,356.58
88,278.93
44.56 7,724.41
92,692.87
46.79 8,110.63
97,327.51
ECONOMIC DEVELOPMENT MANAGER
45.17 7,830.32
93,963.89
47.43 8,221.84
98,662.09
49.81 8,632.93
103,595.19
52.30 9,064.58
108,774.95
54.91 9,517.81
114,213.70
FINANCE SERVICE MANAGER
52.81 9,152.99
109,835.94
55.45 9,610.64
115,327.74
58.22 10,091.18
121,094.12
61.13 10,595.74
127,148.83
64.19 11,125.52
133,506.27
FIRE DEPUTY CHIEF
72.13 12,502.96
150,035.47
75.74 13,128.10
157,537.25
79.53 13,784.51
165,414.11
83.50 14,473.73
173,684.82
87.68 15,197.42
182,369.06
FIRE MARSHAL
62.11 10,766.26
129,195.08
65.47 11,347.63
136,171.58
69.00 11,960.38
143,524.60
72.73 12,606.25
151,274.98
76.66 13,286.97
159,443.59
FIRE PREVENTION SPECIALIST
38.50 6,672.63
80,071.59
40.42 7,006.26
84,075.17
42.44 7,356.58
88,278.93
44.56 7,724.41
92,692.87
46.79 8,110.63
97,327.51
HUMAN RESOURCES ANALYST
38.50 6,672.63
80,071.59
40.42 7,006.26
84,075.17
42.44 7,356.58
88,278.93
44.56 7,724.41
92,692.87
46.79 8,110.63
97,327.51
HUMAN RESOURCES MANAGER
45.17 7,830.32
93,963.89
47.43 8,221.84
98,662.09
49.81 8,632.93
103,595.19
52.30 9,064.58
108,774.95
54.91 9,517.81
114,213.70
INFORMATION TECHNOLOGY MANAGER
60.30 10,451.26
125,415.12
63.31 10,973.82
131,685.87
66.48 11,522.51
138,270.15
69.80 12,098.64
145,183.69
73.29 12,703.57
152,442.86
INFORMATION TECHNOLOGY SPECIALIST
38.50 6,672.63
80,071.59
40.42 7,006.26
84,075.17
42.44 7,356.58
88,278.93
44.56 7,724.41
92,692.87
46.79 8,110.63
97,327.51
MANAGEMENT ANALYST
38.50 6,672.63
80,071.59
40.42 7,006.26
84,075.17
42.44 7,356.58
88,278.93
44.56 7,724.41
92,692.87
46.79 8,110.63
97,327.51
NEIGHBORHOOD SERVICES MANAGER
45.17 7,830.32
93,963.89
47.43 8,221.84
98,662.09
49.81 8,632.93
103,595.19
52.30 9,064.58
108,774.95
54.91 9,517.81
114,213.70
MGT 23-25, Amended by Resolution R-2025-XX Adopted April 15, 2025 140
APPENDIX "A" - JOB CLASS AND SALARY SCHEDULE
MID -MANAGEMENT
Revised April 15, 2025 (Con't)
STEP A
STEP B
STEP C
STEP D
STEP E
JOB CLASS
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
PLANNING MANAGER
60.05 10,408.04
124,896.45
63.05 10,928.44
131,141.27
66.20 11,474.86
137,698.34
69.51 12,048.60
144,583.26
72.99 12,651.03
151,812.42
PLANS EXAMINER
44.50 7,712.81
92,553.72
46.72 8,098.45
97,181.43
49.06 8,503.37
102,040.48
51.51 8,928.54
107,142.50
54.09 9,374.97
112,499.62
PUBLIC SAFETY COMMUNICATION MANAGER
60.30 10,451.26
125,415.12
63.31 10,973.82
131,685.87
66.48 11,522.51
138,270.15
69.80 12,098.64
145,183.69
73.29 12,703.57
152,442.86
PUBLIC WORKS MANAGER
60.05 10,408.04
124,896.45
63.05 10,928.44
131,141.27
66.20 11,474.86
137,698.34
69.51 12,048.60
144,583.26
72.99 12,651.03
151,812.42
PUBLIC WORKS SUPERINTENDENT
45.17 7,830.32
93,963.88
47.43 8,221.84
98,662.07
49.81 8,632.93
103,595.18
52.30 9,064.58
108,774.94
54.91 9,517.81
114,213.69
PUBLIC WORKS SUPERVISOR
36.19 6,272.63
75,271.51
38.00 6,586.26
79,035.09
39.90 6,915.57
82,986.85
41.89 7,261.35
87,136.18
43.99 7,624.42
91,492.99
RISK MANAGER
60.30 10,451.26
125,415.12
63.31 10,973.82
131,685.87
66.48 11,522.51
138,270.15
69.80 12,098.64
145,183.69
73.29 12,703.57
152,442.86
SENIOR ACCOUNTANT
44.50 7,712.81
92,553.72
46.72 8,098.45
97,181.43
49.06 8,503.37
102,040.48
51.51 8,928.54
107,142.50
54.09 9,374.97
112,499.62
SENIOR ACCOUNTANT II
50.55 8,761.57
105,138.86
53.07 9,199.65
110,395.81
55.73 9,659.63
115,915.59
58.52 10,142.61
121,711.37
61.44 10,649.74
127,796.93
SENIOR CIVIL ENGINEER
58.54 10,146.85
121,762.26
61.47 10,654.20
127,850.37
64.54 11,186.91
134,242.87
67.77 11,746.25
140,955.04
71.16 12,333.56
148,002.78
SENIOR FINANCIAL ANALYST
44.88 7,779.09
93,349.03
47.12 8,168.04
98,016.49
49.48 8,576.44
102,917.31
51.95 9,005.26
108,063.17
54.55 9,455.53
113,466.32
SENIOR HUMAN RESOURCES ANALYST
44.88 7,779.09
93,349.03
47.12 8,168.04
98,016.49
49.48 8,576.44
102,917.31
51.95 9,005.26
108,063.17
54.55 9,455.53
113,466.32
SENIOR MANAGEMENT ANALYST
44.88 7,779.09
93,349.03
47.12 8,168.04
98,016.49
49.48 8,576.44
102,917.31
51.95 9,005.26
108,063.17
54.55 9,455.53
113,466.32
SENIOR PLANNER
50.55 8,761.57
105,138.85
53.07 9,199.65
110,395.78
55.73 9,659.63
115,915.58
58.52 10,142.61
121,711.35
61.44 10,649.74
127,796.92
TRAFFIC ENGINEER
55.01 9,535.91
114,430.91
57.77 10,012.70
120,152.45
60.65 10,513.34
126,160.09
63.69 11,039.01
132,468.11
66.87 11,590.96
139,091.51
TRANSPORTATION MANAGER
55.01 9,535.91
114,430.91
57.77 10,012.70
120,152.45
60.65 10,513.34
126,160.09
63.69 11,039.01
132,468.11
66.87 11,590.96
139,091.51
MGT 23-25, Amended by Resolution R-2025-XX Adopted April 15, 2025 141
APPENDIX "A" - JOB CLASS AND SALARY SCHEDULE
EXECUTIVE MANAGEMENT
Effective July 1, 2023
JOB CLASS
STEP A
STEP B
STEP C
STEP D
STEP E
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
ASSISTANTCITYADMINISTRATOR
82.22 14,251.86
171,022.33
86.33 14,964.45
179,573.45
90.65 15,712.68
188,552.12
95.18 16,498.31
197,979.72
99.94 17,323.23
207,878.72
CITY ADMINISTRATOR
102.14
17,704.91
212,458.94
109.29
18,944.26
227,331.07
114.76
19,891.47
238,697.63
118.78
20,587.67
247,052.05
139.60
24,197.11
290,365.29
DEPUTY CITY ADMINISTRATOR
97.54 16,907.49
202,889.92
102.42
17,752.87
213,034.42
107.54
18,640.51
223,686.13
112.92
19,572.54
234,870.45
118.56
20,551.16
246,613.96
DIRECTOR OF ADMINISTRATIVE
SERVICES
78.34 13,578.52
162,942.26
82.25 14,257.45
171,089.35
86.37 14,970.32
179,643.84
90.69 15,718.84
188,626.03
95.22 16,504.78
198,057.33
DIRECTOR OF COMMUNITY
SERVICES
78.34 13,578.52
162,942.26
82.25 14,257.45
171,089.35
86.37 14,970.32
179,643.84
90.69 15,718.84
188,626.03
95.22 16,504.78
198,057.33
DIRECTOR OF DEVELOPMENT
SERVICES
78.34 13,578.52
162,942.26
82.25 14,257.45
171,089.35
86.37 14,970.32
179,643.84
90.69 15,718.84
188,626.03
95.22 16,504.78
198,057.33
DIRECTOR OF FINANCE
78.34 13,578.52
162,942.26
82.25 14,257.45
171,089.35
86.37 14,970.32
179,643.84
90.69 15,718.84
188,626.03
95.22 16,504.78
198,057.33
DIRECTOR OF HUMAN
RESOURCES
74.42 12,899.66
154,795.90
78.14 13,544.64
162,535.69
82.05 14,221.87
170,662.48
86.15 14,932.97
179,195.60
90.46 15,679.62
188,155.39
DIRECTOR OF PUBLIC WORKS
78.34 13,578.52
162,942.26
82.25 14,257.45
171,089.35
86.37 14,970.32
179,643.84
90.69 15,718.84
188,626.03
95.22 16,504.78
198,057.33
FIRE CHIEF
78.34 13,578.52
162,942.26
82.25 14,257.45
171,089.36
86.37 14,970.32
179,643.82
90.69 15,718.84
188,626.04
95.22 16,504.78
198,057.32
POLICE CHIEF
87.45 15,157.56
181,890.69
91.82 15,915.43
190,985.22
96.41 16,711.21
200,534.46
101.23
17,546.77
210,561.20
106.29
18,424.11
221,089.26
Revised April 15, 2025
JOB CLASS
STEP A
STEP B
STEP C
STEP D
STEP E
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
Hr.
Monthly
Annual
ASSISTANT CITY ADMINISTRATOR
84.69 14,679.42
176,153.00
88.92 15,413.39
184,960.65
93.37 16,184.06
194,208.69
98.04 16,993.26
203,919.12
102.94
17,842.92
214,115.08
CITY ADMINISTRATOR
105.21
18,236.06
218,832.71
112.57
19,512.58
234,151.00
118.20
20,488.21
245,858.56
122.34
21,205.30
254,463.61
143.79
24,923.02
299,076.24
DEPUTY CITY ADMINISTRATOR
100.47
17,414.72
208,976.62
105.49
18,285.45
219,425.45
110.77
19,199.73
230,396.72
116.31
20,159.71
241,916.56
122.12
21,167.70
254,012.38
DEPUTY CITY
ADMINISTRATOR/DIRECTOR OF
FINANCE
100.47
17,414.72
208,976.62
105.49
18,285.45
219,425.45
110.77
19,199.73
230,396.72
116.31
20,159.71
241,916.56
122.12
21,167.70
254,012.38
DIRECTOR OF ADMINISTRATIVE
SERVICES
80.69 13,985.88
167,830.53
84.72 14,685.17
176,222.03
88.96 15,419.43
185,033.15
93.41 16,190.40
194,284.81
98.08 16,999.92
203,999.05
DIRECTOR OF COMMUNITY
SERVICES
80.69 13,985.88
167,830.53
84.72 14,685.17
176,222.03
88.96 15,419.43
185,033.15
93.41 16,190.40
194,284.81
98.08 16,999.92
203,999.05
DIRECTOR OF DEVELOPMENT
SERVICES
80.69 13,985.88
167,830.53
84.72 14,685.17
176,222.03
88.96 15,419.43
185,033.15
93.41 16,190.40
194,284.81
98.08 16,999.92
203,999.05
DIRECTOR OF HUMAN
RESOURCES
76.65 13,286.65
159,439.78
80.49 13,950.98
167,411.76
84.51 14,648.53
175,782.36
88.74 15,380.96
184,571.47
93.17 16,150.00
193,800.05
DIRECTOR OF PUBLIC
WORKS/CITY ENGINEER
80.69 13,985.88
167,830.53
84.72 14,685.17
176,222.03
88.96 15,419.43
185,033.15
93.41 16,190.40
194,284.81
98.08 16,999.92
203,999.05
FIRE CHIEF
80.69 13,985.88
167,830.53
84.72 14,685.17
176,222.04
88.96 15,419.43
185,033.13
93.41 16,190.40
194,284.82
98.08 16,999.92
203,999.04
POLICE CHIEF
90.07 15,612.28
187,347.41
94.57 16,392.90
196,714.77
99.30 17,212.54
206,550.50
104.27
18,073.17
216,878.03
109.48
18,976.83
227,721.94
MGT 23-25, Amended by Resolution R-2025-XX Adopted April 15, 2025 142
Agenda Item No: 1.h
PLACENTIA CITY COUNCIL AGENDA REPORT
Meeting Date: April 15, 2025
Submitted by: Thomas Hatch
From: City Administrator
Subject:
Reject Proposal for Public -Private Ambulance Subcontracting Partner - RFP NO. AD 2024-01 Financial Impact:
Fiscal Impact:
None.
Summary:
In October of 2024, the City of Placentia requested proposals to enter into a Professional Services Agreement with the (PSA) for the purpose of establishing a public -private ambulance subcontracting partnership. The concept was to establish a partnership for the purpose of submitting a bid to provide service to Region A of the County of Orange 911 -Basic Life Support (BLS) Ambulance Exclusive Operating Area (EOA). The project was publicly solicited through a Request For Proposals (RFP) process, and one proposal was received by the deadline of October 28, 2024, from Lynch EMS. The City has subsequently determined that it is not in the City's best interest to participate in the County's EOA RFP process, and the deadline for County proposals has also recently closed. Staff recommends that the City Council reject the proposal and cancel this RFP process.
Recommendation:
Recommended Action:
1. Reject the proposal received from Lynch EMS, and cancel the RFP process.
Strategic Plan Statement:
There is no specific strategic planning goal or objective associated with this agenda item.
Discussion:
Late last year, the County of Orange had communicated that they were preparing to go out to bid for Region A 911 -BLS Ambulance Exclusive Operating Area (EOA). The City of Placentia initiated a process to competitively select a partner for the purpose of potentially jointly developing and submitting a proposal to the County RFP. At the time it was not clear whether, and to what degree, the City would actually submit a proposal.
The City released an RFP in early October of 2024 and by the deadline of October 8, 2024, one proposal was received from Lynch EMS. The City later determined that it will not be submitting a proposal into the County's competitive process, and the County deadline for 143
submissions has recently passed. Page 5 of the RFP states that the City reserves the right to reject any and all proposals. Staff recommends that the City reject the proposal received from Lynch EMS and cancel the RFP process.
Fiscal Impact Summary:
There is no fiscal impact related to this action.
144
Agenda Item No: 2.a
PLACENTIA CITY COUNCIL AGENDA REPORT
Meeting Date: April 15, 2025
Submitted by: Lydie Gutfeld
From: Community Services
Subject:
Public Hearing and Consideration of the Ordinance of the City Council of the City of Placentia, California amending the Municipal Code to establish a comprehensive regulatory framework for city special events on public property. Determination that the adoption of the Ordinance is exempt under the California Environmental Quality Act.
Financial Impact:
Fiscal Impact:
There is no fiscal impact to the City's General Fund for this item.
Summary:
This Ordinance amends Title 14 (Public Property) of the City of Placentia Municipal Code with the addition of Chapter 14.18 (Special Events Permit) which provides a full regulatory scheme for special events and a process for obtaining special event permits. In addition, it amends Section 10.28.010 (Drinking in Public) of Chapter 10.18 (Intoxication) of Title 10 (Peace, Morals, and Safety) of the City of Placentia Municipal Code to allow the use of alcohol at a special event with the issuance of a special event permit. This Ordinance also repeals Chapter
13.60 (Parades — Assemblages as those regulations are now codified in Chapter 14.18.
Finally, it amends Title 1 (General Provisions) Chapter 1.14 (Temporary Suspension of Regulatory Ordinances) of the City of Placentia Municipal Code granting the City Administrator the ability to suspend provisions of the Municipal Code, with regard to special events.
Recommendation:
Recommended Action: It is recommended that the City Council take the following actions to:
1. Open the Public Hearing to consider proposed Special Event Permit and Application Procedure Ordinance; and
2. Received the Staff report, consider all public testimony, ask any questions of Staff; and
3. Close the Public Hearing; and
4. Determine that the adoption of Ordinance No. O-2025-03 is exempt from the California Environmental Quality Act pursuant to CEQA Guidelines section 15061 (b)(3); and
5. Waive full reading, by title only, and introduce for first reading of Ordinance No. O-2025- 03, an Ordinance of the City Council of the City of Placentia, California amending Title 1 (general provisions), Chapter 14 (temporary suspension of regulatory ordinances) amending Section 10.28.010 (drinking in public) of Chapter 10.18 (intoxication) of Title 10 (peace, morals and safety), repealing Chapter 13.60 (parades - assemblages) of Title 13 (vehicles & traffic) and amending Title 14 (public property) with the addition of 145
Chapter 14.18 (special events permit), to establish a comprehensive regulatory framework for city special events on public property; and by title only, and introduce for first reading of Ordinance No. O-2025-03, an Ordinance of the City Council of the City of Placentia, California amending Title 1 (general provisions), Chapter 14 (temporary suspension of regulatory ordinances) amending Section 10.28.010 (drinking in public) of Chapter 10.18 (intoxication) of Title 10 (peace, morals and safety), repealing Chapter
13.60 (parades - assemblages) of Title 13 (vehicles & traffic) and amending Title 14 (public property) with the addition of Chapter 14.18 (special events permit), to establish a comprehensive regulatory framework for city special events on public property; and
6. Authorize the Interim City Administrator to execute all necessary documents, in a form approved by the City Attorney.
Strategic Plan Statement:
This item is consistent with the City Council approved 5 -Year Strategic Goal to implement Goal 1: ensuring long-term fiscal sustainability and Goal 2: Increase Community Engagement.
This project meets this goal of long-term fiscal sustainability by putting in place a special event permit that will have fees for the ordinance and fees for utilization of city staff and equipment.
This project meets the goal of increased community engagement by providing a streamline process for special events within the City of Placentia that would allow for the special event permit to allow alcohol use at these events that are highly attended by the community.
Discussion:
The proposed ordinance introduces a new Special Event Permit process and includes amendments to related sections of the municipal code. The update is necessary to ensure compliance with current laws, address First Amendment considerations, and modernize outdated provisions. In addition, the proposed ordinance provides a higher level of efficiency and effectiveness in the logistical preparation for city wide events and events with City Partnership to include the temporary suspension of regulatory ordinances that pertain to alcohol sales and loud noise from entertainment.
Council previously expressed a preference for a streamlined process, particularly regarding the recurring need to waive the city's alcohol ordinance for annual events. This prompted a review of the existing code; however, due to shifting priorities and leadership changes, the update was delayed. The revised ordinance aims to simplify the permitting process while maintaining regulatory compliance.
It is the purpose and intent of the City Council to establish standards for the issuance of a permit for special events to use City streets, parks, facilities and services. It is recognized that these special events enhance the City's lifestyle and provide benefits to the citizens through the creation of unique venues for entertainment that are not normally provided as part of governmental services. It is further intended to create a mechanism for cost recovery for special events without adversely impacting those events that contribute to the community. It is also the intent of the City Council to protect the rights of its citizens to engage in protected free speech expression activities. Consequently, it is not the intent of this ordinance to regulate conduct, the sole or principal object of which is the expression, dissemination or communication by verbal, visual, literary or auditory means of opinion, views or ideas which are protected by the First Amendment of the United States Constitution or Article 1, Section 2 of the California Constitution.
Due to numerous requests for financial assistance with City Supported events from local and 146
regional non-profit organizations, staff felt it was crucial to outline the procedure of waiving fees from a cost recovery perspective.
To summarize the cost recovery section of the ordinance: Unless otherwise specified or waived by the City Council, the City Administrator shall assess charges for all City personnel involved in an Event or the permit processing. These charges shall be based on the approved cost recovery schedule set by the City Council in the resolution governing fees and charges or, if not referenced in the resolution, the actual cost of such personnel. Additionally, actual costs may be charged for the use of City equipment and other non -personnel expenses associated with the Event.
The Interim City Administrator may require prepayment of these fees or a reasonable estimate of such costs at the time the completed application is approved. However, the Interim City Administrator may extend the deadline for filing or payment for good cause, or the City may waive all or part of the expense reimbursement under the conditions outlined below. The reasonable estimate may be based on costs incurred by the City in previous years for the same or similar events.
The issuance of a permit under this Chapter does not obligate the Interim City Administrator to provide City services, equipment, or personnel in support of an Event.
The City Council may waive the City's right to seek reimbursement under the following conditions:
1. The Event serves a public purpose and provides a benefit to City residents; and
2. The permittee is unable to generate sufficient revenue from the Event to cover City costs.
When determining whether an Event serves a public purpose, the following factors may be considered:
a. Whether the Event is organized and conducted by a tax-exempt nonprofit organization that operates within or provides substantial services to the City; b. Whether the organization benefits the general public and does not exclude participation (even if an admission or participation fee is required); and c. Whether City -provided services will enhance crowd or Event control and improve overall public safety.
The ordinance has been reviewed at length by City Attorney, Community Services, Public Works, Fire and Police Department heads.
Fiscal Impact Summary:
Fiscal Impact:
No financial impact.
Attachments
Special Event Ordinance final 3.14.25.docx
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ORDINANCE NO. O -2025 -
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
PLACENTIA, CALIFORNIA AMENDING TITLE 1
(GENERAL PROVISIONS), CHAPTER 14 (TEMPORARY
SUSPENSION OF REGULATORY ORDINANCES),
AMENDING SECTION 10.28.010 (DRINKING IN PUBLIC)
OF CHAPTER 10.18 (INTOXICATION) OF TITLE 10
(PEACE, MORALS AND SAFETY), REPEALING CHAPTER
13.60 (PARADES - ASSEMBLAGES) OF TITLE 13
(VEHICLES & TRAFFIC) AND AMENDING TITLE 14
(PUBLIC PROPERTY) WITH THE ADDITION OF CHAPTER
14.18 (SPECIAL EVENTS PERMIT), TO ESTABLISH A
COMPREHENSIVE REGULATORY FRAMEWORK FOR
CITY SPECIAL EVENTS ON PUBLIC PROPERTY.
City Attorney Summary
This Ordinance amends Title 14 (Public Property) of the City of Placentia Municipal Code with the addition of Chapter 14.18 (Special Events Permit) which provides a full regulatory scheme for special events and a process for obtaining special event permits. In addition, it amends Section
10.28.010 (Drinking in Public) of Chapter 10.18 (Intoxication) of Title 10 (Peace, Morals, and Safety) of the City of Placentia Municipal Code to allow the use of alcohol at a special event with the issuance of a special event permit. This Ordinance also repeals Chapter 13.60 (Parades — Assemblages as those regulations are now codified in Chapter 14.18.
Finally, it amends Title 1 (General Provisions) Chapter 1.14 (Temporary Suspension of Regulatory Ordinances) of the City of Placentia Municipal Code granting the City Administrator the ability to suspend provisions of the Municipal Code, with regard to special events.
A. Recitals
WHEREAS, the City of Placentia has the authority, under its police power, to enact regulations for the public peace, morals, and welfare of the City; and WHEREAS, the City Council recognizes the substantial community benefits that may result from community events such as providing cultural enrichment, promote economic vitality, and enhance community identity; and
WHEREAS, the City Council of the City of Placentia desires to adopt a regulatory ordinance for the regulation of special events and for the more efficient processing of special event permits with an administrative process.
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B. Ordinance
NOW, THEREFORE, THE MAYOR AND CITY COUNCIL OF THE CITY OF PLACENTIA, HEREBY ORDAIN AS FOLLOWS:
SECTION 1. Chapter 1.14 of Title 1 of the Placentia Municipal Code is hereby amended by adding new Section 1.14.015 as follows:
1.14.015 Special Event definition.
"Special Event" means an event for which a Special Event Permit is issued pursuant to Chapter 14.18 of Title 14 (Public Property) of the Placentia Municipal Code
SECTION 2. Sections 1.14.020 and 1.14.030 of Chapter 14 of Title 1 of the Placentia Municipal Code are hereby amended as follows:
1.14.020 Authority to suspend regulatory ordinances.
The city counci City Administrator, or his/her designee, by ordinance or reso ution, may suspend the operation of any one or more regulatory ordinances to the extent that such ordinances would otherwise apply to one or more specifically designated Special Events conduced, sponso-ed, co-sponso-ed or canc-ioncd by -he ci y, and which, in the judgment of the city counci City Administrator, or his/her designee, would interfere with or impede -he conduc ef-such designated cpccia even Special Events.
1.14.030 Procedure.
In suspending the operation of any regulatory ordinance, the ciy counci City Administrator, or his/her designee shall, on the Special Event permit:
(1) Identify the event;
(2) Specify, in as detailed manner as feasible, the exact date or dates and starting and ending times of such suspension;
(3) Identify the person or persons or organizations to which such suspension shall apply;
(4) Designate the ordinance, code section or portion thereof which is to be suspended and, if any portion thereof is to remain in effect as to such persons or event, designate such portions;
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(5) Impose such conditions, restrictions or limitations upon the conduct of such event, or upon the suspension of such ordinance as are deemed necessary to protect the public health, safety and welfare; and
(6) Specifically, state that, except as to the event, the time, and the persons or organizations so designated, such ordinances shall remain in full force and effect.
SECTION 3. Section 10.28.10 (Drinking in Public) of Chapter 10.28 (Intoxication) of Title 10 (Peace, Morals and Safety) is amended to read as follows:
10.28.010 Drinking in public.
No person shall drink any alcoholic liquor on any street, alley, sidewalk or parkway or any park, railway depot or other place open to the public or in any automobile within the city; except, that nothing in this section shall apply to any premises holding an on -sale liquor license from the state or a Special Event Permit issued pursuant to Chapter
14.18 of this code that permits alcohol use during the Special Event.
SECTION 4. Chapter 13.60 ("Parades — Assemblages") of Title 13 (Vehicles & Traffic) is hereby repealed in its entirety.
SECTION 5. Title 14 (Public Property) is hereby amended by adding Chapter
14.18 (Special Events Permit) as follows:
Chapter 14.18 City Special Events.
14.18.010 Purpose.
14.18.020 Definitions.
14.18.030 Special Event Permit required, prohibited events
14.18.040 Exemptions.
14.18.050 Application Procedures.
14.18.060 Application form and content.
14.18.070 Action on application
14.18.080 Permit conditions.
14.18.090 Grounds for denial.
14.18.100 Permit issuance.
14.18.110 Special security assignments and submission of security plan.
14.18.120 Fire Department, Police Department and Public Works Department review.
14.18.130 Indemnity agreement.
14.18.140 Insurance requirements.
14.18.150 Cleanup deposits for Events.
14.18.160 Cost recovery.
14.18.170 Appeal procedure.
14.18.180 Violation.
14.18.190 Revocation.
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14.18.200 Interfering with activity prohibited.
14.18.210 Rules and regulations.
14.18.220 Unlawful use of City name.
14.18.230 Applicability.
14.18.240 Severability.
14.18.010 Purpose
It is the purpose and intent of the City Council to establish standards for the issuance of a permit for special events to use City streets, parks, facilities and services. It is recognized that these special events enhance the City's lifestyle and provide benefits to the citizens through the creation of unique venues for entertainment that are not normally provided as part of governmental services. It is further intended to create a mechanism for cost recovery for special events without adversely impacting those events that contribute to the community. It is also the intent of the City Council to protect the rights of its citizens to engage in protected free speech expression activities. Consequently, it is not the intent of this ordinance to regulate conduct, the sole or principal object of which is the expression, dissemination or communication by verbal, visual, literary or auditory means of opinion, views or ideas which are protected by the First Amendment of the United States Constitution or Article 1, Section 2 of the California Constitution.
14.18.020 Definitions
For purposes of this Chapter, the following words and phrases when used in this chapter shall mean:
(1) Amplified sound. Music or speech projected or transmitted by electronic equipment, including, but not limited to, an amplifier, loudspeakers, or similar devices. (2) Applicant. Any person, group, organization, or entity that seeks a Special Event Permit from the City to conduct or sponsor an Event governed by this Chapter. An applicant must be 18 years of age or older.
(3) Athletic event. An occasion in which a group of persons collectively engage in a sport or other form of physical exercise on a City street, sidewalk, alley, or other street right-of-way, which obstructs delays, or interferes with the normal flow of pedestrian or vehicular traffic or does not comply with traffic laws and controls. Athletic events include mass participation sports such as marathons, running events, bicycle races or tours or other such spectator sports.
(4) Block party. A festive gathering on a residential or commercial street or area requiring a closure of a street, or a portion thereof, to vehicular traffic and use of the street for the festivity.
(5) Chief of Police. The Chief of Police or his/her authorized designee. 4 151
(6) City Administrator. The City Administrator or his/her authorized designee. (7) City Facility. City Facilities include, but is not limited to, streets, sidewalks, rights of way, Parks and facilities, as well as any easements over private property for the benefit of the public.
(8)
Event (Special Event). An athletic event, block party or other special event. (9) Other special event. A street fair, circus, farmers market, street market, art and craft show, procession, exhibition (i.e., car show, air show), carnival, festival, indoor or outdoor musical concert or other event or gathering which occurs on a City street, sidewalk, alley or other street right-of-way, City park, or City facilities or which:
a. Is likely to obstruct, delay, or interfere with the normal flow of pedestrian or vehicular traffic; or
b. Whose participants are likely not to comply with traffic laws and controls; or c. Which involves the use or impacts upon public property or facilities and the provision of City public safety services in response thereto. (10) Parade. Any procession or assemblage of two or more persons or vehicles moving on or along any public street or place for the purpose of advertising, promoting or celebrating any show, event, special day, exhibition, game or any goods, wares or merchandise.
(11) Park. Includes all parks, parkways, medians, pedestrian malls, plazas, greenbelts, gardens, lakes, and any other property owned or controlled by the City, including structures thereon and off-street parking areas that are used in connection therewith, which are operated or maintained for passive or active recreational purposes. The term "park" also includes any property owned or controlled by the City as open space, including undeveloped sites for future parks. The term "park" does not include the City Hall facility. (12) Permit application fee. The fee to be paid by the special event permit applicant at the time the application is filed with the Community Services Department, pursuant to the application fee schedule established by resolution of the City Council. (13) Permittee. Any person or organization that is issued a special events permit by the City Administrator.
(14) Public property. Includes all City owned or controlled real property, including, but not limited to, streets and sidewalks, rights of way, parks, and facilities, as well as any easements over private property for the benefit of the public. 5 152
14.18.030 Special event permit required, prohibited events. (1) Except as provided by the terms of a permit, lease, or contract which has been specifically authorized by the City Council, no person shall conduct or cause to be conducted, participate or engage in, hold, manage, permit or allow another to conduct an Event, in, on or upon any City Facility without first having obtained a Special Event Permit pursuant to this Chapter not less than 60 days prior to the Event. (2) The City Administrator is authorized to issue permits for Events occurring within or on City Facilities pursuant to the standards established in this Chapter. The City Administrator and/or Chief of Police is authorized to coordinate the issuance of a permit for such Events with other public agencies through whose jurisdiction or property such Event or portion thereof shall occur and to issue a permit upon the concurrence of the other public agencies involved. The issuance of a permit shall confer upon the permittee the right to control and regulate concessions within the venue of the Event in accordance with the terms and conditions set forth in the permit.
(3) The procedures or requirements of this Chapter shall not affect or supersede the provisions of law or the requirements for the issuance of fireworks, structural, electrical or other permits by City departments prescribed elsewhere in this Code, when such permits are otherwise required because of a particular condition or requirement of the Event.
(4) No person shall have, hold or conduct a Parade on or along any public street or in any public place unless the Parade is exempt pursuant to section 14.18.040
14.18.040 Exemptions.
A permit shall not be required under this Chapter for the below -listed activities, although the City Administrator may issue a permit or similar certificate to an organizer who requests such document. An exempt activity is required to comply with general regulations governing public health and safety.
(1) City Events, including those sponsored by or in which City is a partner. (2) Filming activities pursuant to a film permit issued in accordance with Chapter
23.92 of this Code.
(3)
Funeral procession by a licensed mortuary or funeral home. (4) Activities conducted by a government agency (such as state, county, or school district) acting within the scope of its authority. This exemption does not apply when the government agency activity impedes upon any city -owned property or right-of-way. (5) Promotional events or sidewalk sales within an integrated commercial development pursuant to Section 23.81.015 of this Code. 6 153
(6) Carnivals not on City Facilities and which are issued a permit in accordance with Chapter 10.48 of this Code.
(7) Use of parks or facilities pursuant to a permit issued in accordance with Section
14.08.230 of this Code.
(8) City parades.
14.18.050 Application procedures.
(1) Application. Any person desiring to sponsor an Event not exempted by Section
14.18.040 shall apply for a Special Event Permit by filing a verified application with the Community Services Department on a form supplied by the Community Services Department. All applications shall be submitted not less than 60 calendar days nor more than 12 months before the Event date. If the application is for a first amendment Event, the application must be submitted at least 48 hours prior to the Event. (2) Application fee. An application for a permit to conduct an Event shall be accompanied by a non-refundable permit application fee in an amount established by resolution of the City Council.
14.18.060 Application form and content.
An application for a Special Event Permit shall be on a City form and signed by the applicant who is at least 18 years of age, and contain all of the following information:
(1) The name, mailing address, email address, and daytime and evening telephone number of the applicant, and a certification that the applicant will be financially responsible for any fees and costs that may be imposed for the Event. (2) The name, mailing address and daytime and evening telephone numbers of an alternative person who may be contacted if the applicant is unavailable. (3) The name, mailing address and daytime and evening telephone numbers of the person or persons chiefly responsible for the conduct of the Event. (4) If the Event is proposed to be sponsored by an organization, the name, mailing address and telephone number of the organization and the authorized head of the organization. If such Event is designed to be held by, on behalf of, or for any organization other than the applicant, the applicant for such permit shall file a written communication from such organization authorizing the applicant to apply for such permit on its behalf, and certifying that it will be financially responsible for any costs or fees that may be imposed for the Event.
(5) The name of the person who will be present and in charge of the Event on the day of the Event and their contact information during the Event. 7 154
(6) The requested Event date, including the dates and times for set-up and clean- up, and the starting and finishing time of the Event. Also include two alternative dates. (7) A description of the planned Event.
(8) The estimated number of participants.
(9) The approximate number of persons, animals or vehicles which will constitute the Event, the kinds of animals, a description of the types of vehicles to be used, the number of bands and other musical units and the nature of any equipment to be utilized to produce sounds or noise during Event, if any.
(10) The number of persons proposed or required to monitor or facilitate the Event and provide spectator or participant control and direction for Events using City streets or facilities.
(11) A site plan identifying the proposed Event and staging locations, including specific street closures or street routes, if any, or park area requested and parking areas. Should the event propose a road, lane or sidewalk closure, a detour and/or traffic control plan shall be submitted to the Engineering division of the Public Works Department for review and approval.
(12) The location of any sound amplification, electrical generators, stages, tents, canopies, cooking apparatus, food trucks, mechanical rides, jump houses, or other amusement attractions, and lights.
(13) A preliminary security plan and any monitors to be employed during the Event, including a site map showing emergency exit routes.
(14) Number and location of portable sanitation facilities, when appropriate, and other equipment or services necessary to conduct the Event with due regard for participant and public health and safety. Portable sanitation facilities shall include secondary containment.
(15) Provisions for first aid or emergency medical services, or both, where appropriate, based on Event risk factors, and the location of those services or stations. (16) A complete list of all vendors participating in the Event, provided no less than 14 days prior to Event
(17) The proposed distribution or sale of any food or beverage, including alcoholic beverages. If alcoholic beverages are included, provide all applicable governmental licenses and registrations allowing the sale of alcoholic beverages at the Event no less than 14 days prior to Event.
(18) Any City equipment or personnel requested.
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(19) Insurance information as required under this Chapter. (20) Any supplemental information which the City Administrator shall find reasonably necessary, under the particular circumstances of the Special Event Permit application, to determine whether to approve or conditionally approve a Special Event Permit application pursuant to the provisions of this Chapter.
14.18.070 Action on application.
The City Administrator shall approve, conditionally approve, or deny an application on the grounds specified in Section 14.8.090. Such action shall be taken as expeditiously as possible and, in any case no later than fifteen (15) business days after the City Administrator receives a completed application for an Event unless the applicant agrees, upon the request of the City Administrator, to extend the time for making decision to a later date. Events for first amendment activity of an urgent nature and impacting the public right of way or public facilities will be handled on an expedited basis, in order to protect constitutional rights. If the application is denied, the City Administrator shall inform the applicant of the grounds for denial in writing, and shall further inform the applicant of his or her right of appeal. If the City Administrator relied on information about the Event other than that contained in the application, he/she shall inform the applicant of the additional information he/she considered. The applicant shall be notified of any permit conditions at the time the application is approved and of the applicant's right to appeal the permit conditions.
For Events which will require a substantial amount of City resources the City Administrator, in his/her discretion, may refer the Special Even Permit to the City Council for approval and/or additional permit conditions.
14.18.080 Permit conditions.
The City Administrator may condition the issuance of a Special Event Permit by imposing reasonable requirements which are necessary to protect the health, safety and welfare of persons and property, and to provide for adequate control of traffic. Such conditions may include, but need not be limited to the following:
(1) Alteration of the date, time, route or location of the Event proposed on the Event application.
(2) Conditions concerning the area of assembly and disbanding of Events. (3) Conditions concerning accommodation of pedestrian or vehicular traffic, including restricting the Event to only a portion of a street.
(4) Requirements for use of traffic cones or barricades. (5) Requirements for provision of first aid, sanitary or emergency facilities. 9 156
(6) Requirements for use of Event monitors and some method for providing notice of permit conditions to Event participants.
(7) Restrictions on the number and type of vehicles, animals, or structures at the Event, and inspection and approval of structures, equipment, and areas of assembly for safety by the Placentia Fire & Life Safety Department.
(8) Compliance with animal protection ordinances and laws. (9) Requirements for waste disposal plan including proper sorting of waste streams and recovery of edible food in compliance with SB 1383, cleanup and restoration of City property. Organizers are responsible for the costs of waste disposal associated with the Event.
(10) Restrictions on use of amplified sound.
(11) An application for a Special Event Permit to conduct a block party may be conditioned on notice and approval by 50 percent of the owners or tenants of dwellings or businesses along the affected street(s).
(12) Compliance with any relevant ordinance or law in obtaining any legally required permit or license.
(13) Requirements for special security assignments and/or hiring of security.
14.18.090 Grounds for denial.
(1) Considerations. The City Administrator shall deny an application for a Special Event Permit if he/she determines from a consideration of the application and other pertinent information that one or more of the following exists:
a. The information contained in the application, or supplemental information requested from the applicant, is found to be materially false or misleading. b. The applicant failed to complete the application form, or to pay any required fee or deposit, after having been notified that additional information, documents, and/or fee or deposit is required.
c. The City Administrator has earlier received an application to hold another Event at the same time and place requested by the applicant, or so close in time and place as to cause undue traffic congestion, or where the Police Department determines it is unable to meet the needs for police services for both Events.
d. The nature, time, route or size of the Event is reasonably likely to interrupt the safe and orderly movement of traffic in areas around the Event site, or 10 157
will disrupt the use of City streets at a time when they are usually subject to congestion.
e. The concentration of persons, animals, vehicles, or other equipment or materials at the site of the Event, or the assembly and disbanding areas around an Event, are reasonably likely to make it difficult for police, fire or ambulance services to access the Event or the areas around the Event. f. The size and nature of the Event is such that the City does not reasonably believe that it can provide sufficient resources in order to ensure the public health and safety can be maintained both for the Event and for the rest of the City.
g.
The size or nature of the Event is such that it is reasonably likely to require diversion of so great a number of City police, fire or other City personnel such that the City cannot ensure participants will stay within the boundaries of the Event, or that Event participants will be sufficiently protected. h. The location of the Event is reasonably likely to substantially interfere with any construction or maintenance work scheduled to take place upon or along the City streets, or a previously granted encroachment permit.
J.
The Event is reasonably likely to occur at a time when a school is in session, at a route or location adjacent to the school, and the noise created by the activities of the Event would substantially disrupt the educational activities of the school.
The Event will violate public health or safety law or fail to conform with the requirements of law or duly established City Council policy. k. The applicant demonstrates an inability or unwillingness to conduct an Event pursuant to the terms and conditions of this Chapter or has failed to conduct a previously authorized or exempt Event in accordance with law or the terms of the permit, or both.
I. The Event will unreasonably interfere with the normal use of the City facility by residents.
(2) Conditional approval. When the grounds for denial of an application for a permit specified in subdivisions 1.c through 1 .1 of this Section can be corrected by solely altering the date, time, duration, or location of the Event, the City Administrator, instead of denying the application, may choose to conditionally approve the application pursuant to Section
14.18.080. The conditions imposed shall provide for only such modification of the applicant's proposed Event as are necessary to achieve compliance with subdivisions 1.c through 1.1 of this Section, and shall be consistent with rules and regulations established by the City Administrator and approved by a resolution of the City Council. The applicant must submit the corrected information at least 21 days prior to the Event. 11 158
14.18.100 Permit issuance.
The City Administrator shall issue the Special Event Permit once the application has been approved, the applicant has agreed in writing to comply with the terms and conditions of the permit, and all of the requirements of this Chapter have been satisfied.
14.18.110 Special security assignments and submission of security plan.
The applicant or sponsor of an Event shall submit a plan setting forth the proposed security measures to be taken to protect the health, safety and welfare of the participants in the Event. The plan shall be submitted concurrently with the permit application to the Chief of Police who may require the alteration of the plan to provide greater security measures including but not limited to the hiring of private security personnel and/or City police officers at the applicant's expense as a condition of permit issuance.
14.18.120 Fire Department, Police Department and Public Works Department Review.
An official from the Fire & Life Safety Department, Police Department and/or Public Works Department may, after review of the scope of the Event, determine that additional resources are required to ensure public health and safety. The official from each of these respective departments will determine the potential risks to participants, community impacts, the level of emergency support required, and any additional resources which may be required. Applicant will bear all related costs of expenses for such additional resources.
14.18.130 Indemnification agreement.
Prior to the issuance of a Special Event Permit, the permit applicant or the authorized officer of the sponsoring organization must sign an agreement to reimburse the City for any costs incurred by it in repairing damage to City property or private property occurring in connection with the Event and proximately caused by the actions of the permittee or sponsoring organization, its officers, employees, agents or volunteers, or any person who was under the permittee's or sponsoring organization's control insofar as permitted by law. The agreement shall also provide that the permittee or sponsoring organization shall defend the City against, and indemnify and hold the City harmless from, any liability to any persons resulting from any damage or injury occurring in connection with the permitted Event proximately caused by the actions of the permittee or sponsoring organization, its officers, employees, agents, or volunteers, or any person who is under the permittee's or sponsoring organization's control insofar as permitted by law.
14.18.140 Insurance.
(1) Liability. The applicant or sponsor of an Event must possess or obtain public liability insurance to protect against loss from liability imposed by law for damages on account of bodily injury or property damage arising from the Event. Such insurance shall 12 159
name on the policy or by endorsement as additional insureds the City of Placentia, its officers, officials, employees and agents. Insurance coverage must be maintained for the duration of the Event. Coverage shall include, but is not limited to, a comprehensive general liability insurance policy issued by an insurance carrier approved by the City's Risk Manager with minimum limits of $1,000,000.00 combined single limit bodily injury and property damage for each occurrence, or at such limits determined to be necessary by the City's Risk Manager.
(2) Food and beverage. If food or nonalcoholic beverages are sold or served at the Event, the policy must also include an endorsement for products liability in an amount not less than $1,000,000.00, or at such limits determined to be necessary by the City's Risk Manager. If alcoholic beverages are sold or served at the Event, the policy must also include an endorsement for liquor liability in an amount not less than $1,000,000.00. (3) Automobile. If the Event involves the use of licensed motorized vehicles, the policy must also include an endorsement for automobile liability in an amount not less than $1,000,000.00, or at such limits determined to be necessary by the City's Risk Manager. (4) Certificates of insurance. A copy of the policy or a certificate of insurance along with all necessary endorsements must be filed with the City's Risk Manager no less than ten (10) business days before the date of the Event unless the City's Risk Manager for good cause waives the filing deadline. The Special Event Permit shall not be issued by the City Administrator until after the insurance policy or certificate of insurance along with the necessary endorsements have been filed by the applicant or sponsor and approved by the City's Risk Manager.
(5) Additional insured endorsement. The City of Placentia, its officers, employees, representatives, attorneys, and volunteers shall be named as additional named insureds with respect to liability arising out of activities performed by or on behalf of the applicant in connection with the Event as well as for automobiles owned, leased, hired, borrowed or used in connection with the Event.
14.18.150 Cleanup deposits for Events.
(1) Cleanup deposit. The applicant or sponsor of an Event shall be required to provide a cleanup deposit prior to the issuance of a Special Event Permit. The cleanup deposit shall be an amount based on the reasonable anticipated costs to be incurred by the City, taking into account the same or similar events occurring previously. (2) Refund. The cleanup deposit shall be returned after the Event if the area used for the Event has been cleaned and restored to the same condition as existed prior to the Event. If the actual cost for cleanup is less than the estimated cost, the applicant will be refunded the difference. Should the amount of the bill exceed the cleanup deposit, the difference shall become due and payable to the City upon the applicant's receipt of the bill.
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(3) Waiver. The cleanup deposit requirement may be waived by the City Administrator if the applicant or an officer of the sponsoring organization establishes to the satisfaction of the City Administrator that such requirement is not necessary. (4) Appeals. If the applicant or sponsor disputes the cleanup charge, he/she must appeal to the City Administrator within five (5) calendar days after receipt of the bill or the charge shall be deemed reasonable. The decision of the City Administrator shall be final unless appealed pursuant.
14.18.160 Cost recovery.
(1) Except as provided herein or when waiver is approved by the City Council, the City Administrator shall charge for the cost of all City personnel involved in the Event or in the permit processing. The cost shall be based on the approved cost recovery schedule set by the City Council in the resolution governing fees and charges, or the actual cost of such personnel if not referenced in the resolution. Actual charges may also be made for the use of City equipment and other non -personnel expense for any Event. The City Administrator shall require prepayment of such fees for an Event or a reasonable estimate thereof at the time the completed application is approved, unless the City Administrator for a good cause extends the filing deadline or time for payment as prescribed herein or (b) the City waives all or part of the expense reimbursement as prescribed herein. The reasonable estimate may be based on cost incurred by the City in prior years for the same or similar events.
(2) The issuance of the permit pursuant to this Chapter in no way obligates or requires the City Administrator to provide any City services, equipment or personnel in support of an Event.
(3) The City's right to seek reimbursement may be waived by the City Council under the following conditions:
a. A public purpose will be served and the Event provides a benefit to the citizens of the City; and
b. The nature of the Event is such that it is determined the permittee is unable does to recover sufficient revenue from the Event to repay the City costs.
Factors to be considered in determining whether a public purpose is served shall include:
whether the Event is organized and conducted by a tax exempt non-profit organization which operates from or provides substantial services within the City, whether the organization provides a benefit to the general public, and does not exclude participation by the general public (notwithstanding an admission or participation fee), and whether the services provided by the City will improve crowd or Event control and general public safety.
(4) If after issuance of the permit but prior to the occurrence of the Event, the Chief of Police determines that there is a need to provide additional police services, equipment or 14 161
personnel in direct support of the Event, the additional cost may be borne by the permittee. Failure to pay the additional cost may be grounds for revocation of the permit and/or grounds for refusal to issue future permits.
14.18.170 Appeal procedure.
(1) Grounds. The applicant shall have the right to appeal:
a. Denial of a permit.
b. A permit condition.
c. A determination that the applicant's insurance policy does not comply with the requirements specified in Section 14.18.140.
d. The cleanup deposit requirement as specified in Section 14.18.150. e. The special security assignment and security plan requirement as specified in Section 14.18.110.
f. The cost recovery requirement as specified in Section 14.18.160. (2) Filing. A notice of appeal stating the grounds of appeal with specificity shall be filed with the City Clerk within ten (10) calendar days after mailing or personal delivery of a notice of the action to be appealed. The appeal must be filed no later than Tuesday, 12:00 noon, in order to qualify to be placed on the City Council's next regular meeting agenda.
(3) Hearing. The City Council shall hear the applicant or a designated representative and receive any relevant information and documents. The decision of the City Council shall be final.
(4) City Administrator. If there is insufficient time for a timely appeal to be heard by the City Council prior to the date on which the Event is scheduled, the applicant may, at his or her option, request that the City Clerk schedule the appeal before the City Administrator. The City Administrator or his/her designee shall hold a hearing no later than two (2) business days after the filing of the appeal, and will render his/her decision no later than one (1) business day after hearing the appeal. If the appeal is heard before the City Administrator, the City Administrator's decision shall be final. (5) Fees. A fee in an amount established by resolution of the City Council shall be paid at the time of the filing of the notice of appeal.
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14.18.180 Violations.
(1) Violations of this Chapter shall be charged to the applicant and/or sponsor of the Event pursuant to Chapters 1.08 (General Penalty) and 1.10 (Administrative Penalties) of this Code, as well as any other remedies available to the City at law or equity. (2) In addition to the penalties provided for in Chapters 1.08 (General Penalty) and
1.10 (Administrative Penalties) of this Code, sponsors, applicants, or participants of an Event may be cited and/or ejected from the public property for violations of this Chapter after notice and an opportunity to cure the violation.
(3) In the event that the permittee violates any condition of the permit issued, the permittee may lose the ability to apply for a Special Event Permit within one year of the Event for which the violation occurred and/or any Event for which the applicant is the same as the permittee.
14.18.190 Revocation.
A Special Event Permit can be revoked by the City Administrator for any of the following reasons:
(1) Failure to comply with any permitting requirements or conditions of approval. (2) Knowingly providing false, misleading, or fraudulent information. (3) Failing to pay required fees, charges, or deposits. (4) Failing to agree to the indemnification provisions or failing to provide proof of insurance to the extent required.
(5)
The Event materially changes after a permit has been approved.
14.18.200 Interfering with activity prohibited.
(1) It is unlawful for any person to obstruct, impede or interfere with any authorized assembly, person, vehicle or animal participating in an Event for which a Special Event Permit has been issued.
(2) No person shall drive a vehicle between vehicles or person traversing the route of a parade, assemblages or Events authorized by a permit when such vehicles or persons are in motion.
(3) No person shall park along or within any portion of the route or side of an Event authorized by a permit, when the route of a parade, assemblage or Event has been posted as a no -parking zone.
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14.18.210 Rules and regulations.
The City Administrator is authorized to promulgate additional policies, rules and regulations that are consistent with and that further the provisions set forth within this Chapter and the provisions of law that pertain to the conduct and operation of an Event.
The City Administrator may, at his/her discretion, delegate any or all of the functions hereunder, subject to all of the conditions of this Chapter.
14.18.220 Unlawful use of City name.
It is unlawful for any Event organizer to use in the title of the Event the words "The City of Placentia" or "City of Placentia", or facsimile of the seal or logo of the City of Placentia without City's written authorization.
14.18.230 Applicability.
The provisions of this Chapter shall apply to completed applications submitted on or after the effective date of this ordinance.
14.18.240 Severability.
If any portion of this Chapter is for any reason held to be invalid, such decision shall not affect the remaining portions of this Chapter. The City Council hereby declares that it would have adopted the Chapter or any portion thereof, irrespective of the fact that one or more portions be declared invalid, and to the extent such portions can be given effect without the invalid provisions or portions thereof shall be severable.
SECTION 6. Environmental Compliance: Pursuant to the provisions of the California Environmental Quality Act ("CEQA") (California Public Resources Code Sections 21000 et seq.) and State CEQA guidelines (Sections 15000 et seq.) the ordinance is not a "project" and further, that it can be seen with certainty that there is no possibility that the ordinance in question may have a significant effect on the environment, either directly or indirectly, and that therefore no environmental review under the CEQA is required, pursuant to CEQA Guidelines Section 15061 (b)(3).
SECTION 7. Severability: If any section, paragraph, sentence, clause, phrase or portion of this Ordinance is held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed severable and such holding shall not affect the validity of the remaining portions hereof. The Mayor and City Council of the City of Placentia hereby declares that it would have adopted this ordinance irrespective of the invalidity of any particular portion thereof and intends that the invalid portions should be severed, and the balance of the ordinance be enforced.
SECTION 8. Certification: The Mayor shall sign and the City Clerk shall certify to the passage and adoption of this Ordinance and shall cause the same, or the summary 17 164
thereof, to be published and posted pursuant to the provisions of law and this Ordinance shall take effect thirty (30) days after passage.
INTRODUCED at a regular meeting of the City Council of the City of Placentia held on , 2025.
PASSED, APPROVED AND ADOPTED this day of , 2025.
Kevin Kirwin, Mayor
ATTEST:
Robert S. McKinnell, City Clerk
I, Robert S. McKinnell, City Clerk of the City of Placentia, do hereby certify that the foregoing Ordinance was introduced at a regular meeting of the City Council of the City of Placentia, held on the day of 2025 and adopted at a regular meeting of the City Council of the City of Placentia, held on the day of , 2025 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Councilmembers:
Councilmembers:
Councilmembers:
Councilmembers:
APPROVED AS TO FORM:
Christian L. Bettenhausen, City Attorney
Robert S. McKinnell, City Clerk
18 165
Agenda Item No: 2.b
PLACENTIA CITY COUNCIL AGENDA REPORT
Meeting Date: April 15, 2025
Submitted by: Jennifer Lampman
From: Finance
Subject:
Public Hearing and Adoption of Proposed Comprehensive Fee and Rate Schedule for FY 2025/26
Financial Impact:
Fiscal Impact:
The proposed fee changes as of July 1, 2025, are intended to recover the cost of providing existing services associated with those fee -related regulatory functions and other programs.
Summary:
The City of Placentia is responsible for providing a variety of services to its citizens. Services that support the general public, such as public safety services are supported by tax and other non -fee revenues, while services that are more elective in nature and have specific individual beneficiaries are typically supported by user fee charges. User fee -related services are provided by many City departments, but tend to be more heavily concentrated in Planning, Building, Engineering and Community Services. By law, user fees must not exceed the cost of the service provided. The City Council can choose to set fees that fully recover the cost of service or place said fees at lower levels that provide a level of subsidy, or alternatively, reduce costs by reducing the level of service provided.
Annually, the City reviews its fees and makes adjustments to ensure fees are consistent with industry best practices and city processes, account for inflation and may also add new fees resulting from new programs and/or changes in service delivery.
Recommendation:
Recommended Action: It is recommended that the City Council consider the following actions:
1. Open the Public Hearing to consider amending the Placentia Comprehensive Fee Schedule for certain fees, rates, and charges for various City user services; and
2. Receive the Staff Report, consider all public testimony, and discuss the proposed fees; and
3. Close the public hearing; and
4. Adopt Resolution No. R-2025-13, a Resolution of the City Council of the City of Placentia, California, establishing and adopting certain City fees, rates, and charges for various City services with an effective date of July 1, 2025, for Fiscal Year 2025-26.
Strategic Plan Statement:
166
This item is consistent with the City Council approved Strategic Plan Goal 1: Ensure Long - Term Fiscal Sustainability", specifically Objective 1.3 to "Update Fee Study/ Cost Allocation Review".
Discussion:
See attached.
Fiscal Impact Summary:
Fiscal Impact:
Additional revenues expected from the Proposed Master Fee Schedule are intended to offset the cost of providing new or existing services associated with those fee -related regulatory functions and other programs. Changes to fees are for cost recovery purposes only.
Attachments
1. Resolution R-2025-13 - Fee Update for FY 25.26.pdf
2. Public Hearing Notices for Fee Study.pdf
Staff Report - Public Hearing - Citywide Fee Update FY25.26.pdf Master Fee Schedule 4.15.25.pptx
Resolution Exhibit Master Fee Schedule - 04.25.pdf
167
RESOLUTION R-2025-13
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PLACENTIA, CALIFORNIA, ESTABLISHING AND ADOPTING
CERTAIN CITY FEES, RATES, AND CHARGES FOR
VARIOUS CITY SERVICES WITH AN EFFECTIVE DATE OF
JULY 1, 2025 FOR FISCAL YEAR 2025-26
A. Recitals
WHEREAS, pursuant to the Mitigation Fee Act (Government Code section 66000 et seq.) the City of Placentia is authorized to adopt and implement fees, rates, and charges for municipal services; provided that such fees, rates, and charges do not exceed the estimated reasonable cost of providing such services; and WHEREAS, notice of public hearing has been given pursuant to Government Code Section 6062a, oral and written presentations have been made and received, and the required public hearing has been held; and WHEREAS, the City of Placentia desires to implement new fees, rates, and charges for various governmental services provided by the City of Placentia, as set forth herein; and
WHEREAS, all legal prerequisites to the adoption of this Resolution have occurred; and
WHEREAS, the actions implemented through the adoption of this Resolution are statutorily exempt under the California Environmental Quality Act per Section 21080(b)(8) of the Public Resources Code.
B. Resolution
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLACENTIA DOES HEREBY RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS:
1. Recitals. The recitals in Part A., above, are correct.
2. Estimated Costs. The fees, rates, and charges set forth in Exhibit A do not exceed the estimated reasonable cost of providing the service for which the fee, rate, or charge is levied.
Resolution R-2025-13 ATTACHMENT 1
168
3. Exhibit A. The fees, rates, and charges set forth in Exhibit A are hereby adopted and approved as the fees, rates, and charges for the services identified for each such fee, rate, or charge.
4. Effective Date of Fees. The fees, rates, and charges set forth in Exhibit A shall become effective on July 1, 2025.
5. Delegated Authority. The City Administrator is hereby delegated the authority to reduce one or more fees included in Exhibit A by up to 10% of the adopted fee amount, based on market conditions.
6. Severability. If any fee, rate, or charge adopted or increased by this Resolution is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such fee, rate, or charge shall be deemed a separate, distinct, and independent provision of this Resolution, and such holding shall not affect the validity of the remaining fees, rates and charges adopted or revised herein. The City Council hereby declares that it would have adopted this Resolution and each section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one (1) or more sections, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared invalid or unconstitutional.
PASSED, ADOPTED AND APPROVED this 15th day of April 2025.
Kevin Kirwin, Mayor
Attest:
Robert S. McKinnell, City Clerk
STATE OF CALIFORNIA
COUNTY OF ORANGE
I, Robert McKinnell, City Clerk of the City of Placentia, do hereby certify that the foregoing resolution was adopted at a regular meeting of the City Council of the City of Placentia held on the 15th day of April 2025 by the following vote:
Resolution R-2025-13 ATTACHMENT 1
169
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
ABSTAIN: Councilmembers:
Robert S. McKinnell, City Clerk
APPROVED AS TO FORM:
Christian L. Bettenhausen, City Attorney
Attachment:
Exhibit A: Master Schedule of User and Regulatory Fees — Effective July 1, 2025 Resolution R-2025-13 ATTACHMENT 1
170
City of Placentia
401 East Chapman Avenue
Placentia, CA 92870
City Clerk's Office (714) 993-8231
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council of the City of Placentia will hold a public hearing in the Council Chambers of Placentia City Hall, 401 E. Chapman Avenue on Tuesday, April 15, 2025 at 7:00 p.m. or as soon thereafter as the matter may be heard, to consider the following item:
The adoption of a Resolution Establishing and Updating User and Regulatory Fees and Charges.
ALL INTERESTED PERSONS are invited to attend this hearing and express opinions upon the items listed above.
ANY WRITTEN MATERIALS to be submitted must be submitted to the City Clerk at least twenty- four (24) hours prior to the hearing.
IF YOU CHALLENGE this proposal in court, you may be limited to, raising only those issues you or someone else raised at the public hearings described in this notice or written correspondence delivered to the City Clerk at 401 E Chapman Avenue, Placentia, CA 92870.
FURTHER INFORMATION on these items may be obtained at the City Clerk's Office or by telephone: (714) 993-8231
Attest: Nancy Albitre-Seely, Interim Deputy City Clerk
PUBLISHED: Friday, March 25, 2025 - OC Register
POSTED: Thursday, March 24, 2025
ATTACHMENT 2
171
City of Placentia
401 East Chapman Avenue
Placentia, CA 92870
City Clerk's Office (714) 993-8231
NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council of the City of Placentia will hold a public hearing in the Council Chambers of Placentia City Hall, 401 E. Chapman Avenue on Tuesday, April 5, 2022 at 7:00 p.m. or as soon thereafter as the matter may be heard, to consider the following item:
The adoption of a Resolution Establishing and Updating User and Regulatory Fees and Charges.
ALL INTERESTED PERSONS are invited to attend this hearing and express opinions upon the items listed above.
ANY WRITTEN MATERIALS to be submitted must be submitted to the City Clerk at least twenty- four (24) hours prior to the hearing.
IF YOU CHALLENGE this proposal in court, you may be limited to, raising only those issues you or someone else raised at the public hearings described in this notice or written correspondence delivered to the City Clerk at 401 E Chapman Avenue, Placentia, CA 92870.
FURTHER INFORMATION on these items may be obtained at the City Clerk's Office or by telephone: (714) 993-8231
Attest: Karen O'Leary, Deputy City Clerk
PUBLISHED: Thursday, March 31, 2022 — Placentia News Times POSTED: Thursday, March 31, 2022
ATTACHMENT 2
172
TO:
VIA:
FROM:
DATE:
CITY COUNCIL
CITY ADMINISTRATOR
DIRECTOR OF FINANCE
APRIL 15, 2025
Placentia Cit Council
AGENDA REPORT
SUBJECT: PUBLIC HEARING: ADOPTION OF PROPOSED COMPREHENSIVE FEE AND
RATE SCHEDULE
FISCAL
IMPACT:
SUMMARY:
The proposed fee changes as of July 1, 2025, are intended to recover the cost of providing existing services associated with fee -related regulatory functions and other programs.
The City of Placentia is responsible for providing a variety of services to its citizens. Services that support the general public, such as public safety services are supported by tax and other non -fee revenues, while services that are more elective in nature and have specific individual beneficiaries are typically supported by user fee charges. User fee -related services are provided by many City departments, but tend to be more heavily concentrated in Planning, Building, Engineering and Community Services. By law, user fees must not exceed the City's cost to provide the service.
The City Council can choose to set fees that fully recover the cost of service or place said fees at lower levels that provide a level of subsidy, or alternatively, reduce costs by reducing the level of service provided.
Annually, the City reviews its fees and makes adjustments to ensure fees are consistent with industry best practices and city processes, account for inflation and may also add new fees resulting from new programs and/or changes in service delivery. This consistent review and adjustment of fees provides multiple benefits, including:
• Increasing the availability of General Fund revenues to be used for services and activities available to all residents and businesses, such as public safety services. • Keeping pace with general cost inflation.
• Avoiding fee spikes that are more likely to occur when municipalities leave fees unchanged for a multi -year period.
• Providing fee payers, City staff, and City policymakers with a pattern of consistency that provides information for forecasting and decision -making purposes. • Helping to meet fee -payer service level expectations by collecting fees to fund the existing level of services provided.
• Encouraging generational equity among fee payers by avoiding long-term stagnation of fees followed by significant fee increases.
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City Council Agenda
April 15, 2025
The City engaged Clear Source Financial Consulting to conduct a comprehensive fee study in 2022. Prior to that, fee studies were completed in 2018, 2012 and 2007; Prior to 2007, the City's fee schedule had not been updated since 1990.
Following Clear Sources's recommendation to review and adjust fees annually, staff is proposing an adjustment of all fees by 3.1%, the CPI for All Urban Consumers (Los Angeles -Long Beach - Anaheim, CA) for February 2025.
RECOMMENDATION:
It is recommended that the City Council consider the following actions:
1. Open the Public Hearing to consider amending the Placentia Comprehensive Fee Schedule for certain fees, rates, and charges for various City user services; and
2. Receive the Staff report, consider all public testimony, and discuss the proposed fees; and
3. Close the public hearing; and
4. Adopt Resolution No. R-2025-13, a Resolution of the City Council of the City of Placentia, California, establishing and adopting certain City fees, rates, and charges for various City services with an effective date of July 1, 2025, for Fiscal Year 2025-26.
DISCUSSION:
The proposed fees are intended to comply with applicable federal, state, and local laws including providing confirmation that the proposed fees and charges are not a tax as defined in Article 13C of the California Constitution and that the proposed fees are no more than necessary to cover the reasonable costs of the City's activities and services addressed in the fees. Additionally, the manner in which the costs are allocated to a payor bear a fair and reasonable relationship to the payor's burdens on, or benefits received from the activities and services provided by the City.
Nearly every service for which a fee is imposed can be illustrated as follows, contrasting the components of the full cost of service, which is the maximum fee amount justified, against the local agency's goals for cost recovery:
174
City Council Agenda
April 15, 2025
(
The Costs of Service Fee -Based Cost Recovery
Central Services/Governmental 100% = "Full Cost Recovery" Administration/Management
Materials/Services/Supplies
Indirect Service Labor
Direct Service Labor
$ per Year,
per Hour,
and/or
per Unit of
Service
Cost Recovery Target by Service:
• Public/Private Benefit Policies
• Market Sensitivity
• Compliance
• fiscal Constraints/Considerations
in the Organization
r 0% = Other Fund Subsidy
The City engaged Clear Source Financial Consulting to conduct a comprehensive fee study in 2022. Following their recommendation, staff is proposing an adjustment of all fees by 3.1%, the CPI for All Urban Consumers (Los Angeles -Long Beach -Anaheim, CA) for February 2025.
Other changes proposed to the fee schedule are outlined below.
Fire Prevention Fees
Fire staff is recommending the addition of a two new fees:
➢ Occupancy before approval ($220)- recover costs associated with the Fire Marshal's time to inspect the site and ensure safety compliance.
➢ Work without a permit (actual cost or specified system inspection fee)- recover costs associated with the Fire Marshal's time to inspect the site and ensure safety compliance.
The proposed changes will allow the City to recover a much higher percentage of its costs related to its fire operations.
Development Services
After reviewing current services provided at the development services counter, staff is recommending the addition of the following new fees.
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City Council Agenda
April 15, 2025
➢ Appeal of short-term rental permit revocation- The City established a short-term rental program in 2019 with 68 short term rentals currently operating within the City. Municipal Code section §6.45.160 allows for the revocation of short term residential rental permits when the operator is determined to be in violation of the requirements of the code. Included in this section is an outline of the process for appealing the decision of the Director of Development Services to revoke the permit including an appeal to the Planning Commission and subsequently to the City Council. Currently the City's fee schedule only has one fee for the appeal of staff decisions to the Planning Commission and/or City Council, proposed to be $3,374 and $5,735 respectively.
Many short-term rental operators are small businesses who may not generate enough revenue to justify such a high fee, and there is considerably less staff time involved in processing these types of appeals compared to development projects. Staff is recommending establishing a new fee for the appeal of a revocation of a short-term residential rental permit to more accurately reflect the City's cost in reviewing these types of appeals.
Misc. Building fees- to recover the cost of inspections of various types of construction, many which require multiple inspections, staff is recommending adding fees for projects such as seismic retrofit, T -bar ceiling, carports, fireplaces, covered porches, house fan implementation, electrical subpanels, and capping electrical work among others.
Technology fees
In 2009, the City Council approved resolution R-2009-105 to recover costs associated with digitizing and modernizing technology in the Development Services and Public Works Departments. Examples included in the study supporting these fees were implementation of a building permit database, geographic information systems (GIS), and the digitizing, storage and retrieval of past and future permits and plans related to all properties and public improvements in the City.
Some of these projects have been implemented and the City is now paying annual software subscription fees on them, however some projects identified in the 2009 study such as the online permitting system and digitization were just recently implemented or still need to be completed.
In addition, the increased use of technology citywide, not just within Development Services and Public Works, the need for additional information technology support, and many vendors transitioning to annual subscription -based service have increased the City's software costs significantly.
Staff is recommending removing the restriction on the use of funds generated by the technology fee and allowing those funds to support technology enhancements and maintenance citywide. 176
City Council Agenda
April 15, 2025
Code Enforcement
Staff is proposing eliminating the "Massage Technician Permit" fee as staff does not do any additional background check or administrative work above the "Massage Establishment Permit" and cannot justify charging this additional fee.
Public Works
For FY25/26, staff is proposing the addition of an "Address Issuance" fee to recover the cost of staff time to research and issue addresses. Requests for addresses can vary in nature from simple requests such as utility pedestals or accessory dwelling units (ADUs), to more complex requests which take more time to research and process such as single-family residences and large development projects such as the Cenza. Different fees would be charged based on whether it's a simple or complex request due to the differences in staff time needed to complete the request.
The proposed fee is $168 for simple and $504 for complex requests.
Finance
The City accepts credit cards for payment for a multitude of services such as business licenses and permits, and has been paying credit card processing fees from the General Fund. In FY23/24, the City paid approximately $71,000 in credit card processing fees, and is projected to pay a similar amount in the current fiscal year. The City anticipates an increased use of credit cards in future fiscal years as we fully implement the online permitting software in development services and public works as well as the public's increasing use of credit cards or other forms of electronic payment such as apple pay for payment.
Credit card processing fees vary depending on the type of card used (Visa vs Mastercard) and even vary depending on the level of card (mileage or reward program) and range from 1.7%-4%.
To recover a portion of these costs and reduce the subsidy from the General Fund for the customer's convenience, staff is proposing implementing a two- and one-half percent (2.5%) credit card processing fee for payments made by credit card. Customers will have the option to pay via check, and/ or electronic payments (ACH) without any additional fees, but would be charged the processing fee if they chose to pay by credit card.
Neighboring agencies such as County of Orange (2.29%), Orange County Fire Authority (2.45%), Cypress (2.9%), Tustin (1.7%), Stanton (2.6%), Newport Beach (2.85%), Huntington Beach (3%), and most recently Garden Grove (2.2%), charge credit card processing fees to recover the costs of processing these payments.
FISCAL IMPACT:
Additional revenues expected from the Proposed Master Fee Schedule are intended to offset the cost of providing existing services associated with those fee -related regulatory functions and other programs. Changes to fees are for cost recovery purposes only. 177
City Council Agenda
April 15, 2025
Attachments:
1. Resolution R-2025-13 - Establishing and Adopting Certain Fees, Rates, and Charges for Certain City Services effective July 1, 2025
2. PowerPoint Presentation
3. Public Hearing Notice
178
Otyd Plaartia
Master Fee Schedule
Update
April 15, 2025
• The City maintains a Master Fee Schedule identifying applicable fees for various City Services.
• Fees differ from taxes in that cities collect fees and charges for government services performed at the request of, or specifically for, a particular individual, business or group...as opposed to services performed for the community as a whole.
Taxes
Paid by everyone for
government services that
benefit the entire community
such as public safety.
PR�VAT
uwIIC
Fees
Paid by individual, business or
group for government services
that directly benefits
themselves such as permits for
private swimming pools, facility
rentals and business licenses.
180
• Recovering the costs of providing fee -related services directly influences the City's fiscal health and increases the City's ability to meet the service level expectations of the fee payers.
• A fee for service ensures that the individual bears most, if not all, of the cost incurred by the City to provide that service.
• Frequent reviews of fees and charges for service ensures rates are adjusted for inflation and reduces the likelihood for significant increases in any one given year.
181
• The Master Fee Schedule outlines permit fees and charges for services citywide but does not include general taxes such as property or sales tax, or Development Impact Fees (DIFs).
• These fees are on a different schedule and presented to City Council separately. • User Fees must be linked to and not exceed the estimated reasonable cost of providing the service.
• The full cost of service sets the maximum limit of a cost -based fee. • Cost of service includes direct program costs for labor, services, and supplies • Facilities overhead
• Departmental Administration
• Citywide administration and central support services
182
• The City engaged Clear Source Financial Consulting in 2022 to conduct a Comprehensive User Fee Study which was presented to and adopted by City Council on April 5, 2022.
• Clear Source recommended an annual review of all fees and adjustment for inflationary factors in subsequent fiscal years, with comprehensive fee studies recommended every 3-5 years.
• The February 2025 CPI data for the Los Angeles -Long Beach -Anaheim, CA region was 3.1%.
183
ai vet opnen t Ser vi ces
• Appeal of Short - Term Rental (STR) Perm t
Revocat i on
• IVLani ci pal Code Sect i on §6. 45. 160 descr i bes appeal process if short-term r ent al per nit is revoked
• Oil y fee on exi st i ng schedul e appl i es t o any appeal t o PI anni ng Corrrri ssi on and G t y Counci I and are $3, 374 & $5, 735 respect i vel y
• Staff is recorrrrendi ng a srral I er fee due to rruch I ess staff time i nvol ved i n STR per rri t revocation appeal • Appeal t o PI anni ng Corrrri ssi on- $473
• Appeal t o Ci t y C tinci I- $6n3
• M sc. Bui I di ng Fees
• St of f r evi ewed servi ces bei ng provi ded, speci f i can' t hose t hat r equi re i nspect i ons and are r ecommndi several addi t i ons to r ecover cost s spent to i nspect wo bei ng per or rred
184
roposed Changes/ Additi
De vel oprrent Ser vi ces
• Technol ogy Fee expansi on
• Resol ut i on 2009- 105 est abl i shed a t echnol ogy fee t o support i rrpl ernent at i on and rrai nt enance of t echnol ogy i n Devel oprrent Servi ces and Publ i c ks-
E P t 'd t ' f ' I d d b ' I d'
ngi Weer i ng. r of ec s I en I I CU Inc u e ui i ng
per m t dat abase and di gi t i zat i on of records.
• Gtywide
t echnol ogy
including
docurrent s.
t echnol ogy needs, and i of or rrat i on
support have i ncr eased si gni f i cant I y
t he need for st or age of di gi t i zed
• St of f is r ecomTendi ng t he use of f unds gener at ed by t he t echnol ogy f ee to be avai I abl o f or use by a city depart Trent s.
185
roposed Changes/ Additi
Fi nance
• Cr edit Card Pr ocessi ng Fee
• The city pays appr oxi mat el y $71, 000 annual l y in cr edi t car d pr ocessi ng f ees f r om t he Gener al Fund, subsi di zi ng conveni ence f or payor .
• To recover these f ees, st of f is r ecorr riendi ng
i rrpl errant i ng a 2. 5% cr edi t car d pr ocessi ng f ee on al l t r ansact i ons paid by cr edit card.
• Many agenci es charge cr edi t card pr ocessi ng f ees i ncl udi ng: air den Gr ove (2. 2°4 , Tust i n ( 1. 67°i , Cypr ess (2. 9°A , Newpor t Beach (2. 85°i , Hunt i ngt on Beach ( 3°i and St ant on (2. 6°/) .
• Payor coul d pay by check, or el ect r oni c payrren
( ACH) wi t hout i ncur r i ng this fee.
186
Changes/ Additi
_ I _
Public Mr ks
• Address Issuance Fee- Requests for addresses
vary i n nat ur e from si rrpl e requests I i ke
ut i I i t y pedest al s to corrpl ex such as I ar ge
rrul t i - f arri I y devel oprrent s and i nvol ve st of f from Public Vtr ks, Devel oprrent Ser vi ces &
Geographic I of or rrat i on Ser vi ces ( GI S)
• St of r r ecorr renal ng t wo new
staff time
• Si rrpl e address request - $168
• Corrpl ex address request - $504
fees
to
r ecover
187
roposed Changes/ Additi
Fire & Life Safety
• Cbcupancy Before Approval and Vlbr k Wthout a
Perm t fees are proposed t o recover cost s
associ at ed with the Fi r e Nor shal 's time to
i nspect t he site and ensure saf et y corrpl i ance
f or vwr k corrrrenced with the r equi site appr oval
188
roposed Changes/ Additi
_ I _
Police
• The City ant i ci pat es openi ng t he Public Saf et y Bui I di ng ( PSB) i n FY25/ 26, \M -ii ch i ncl udes a new gun range
• The City ant i ci pat es renting use of the range
t o of her I aw enf or cement agenci es once
corrpl et e, as wel I as possi bl y renting t he
Errergency Qerat i ons Cent er (FCC) as a possi bl e
t r ai ni ng room
• Staff i s pr oposi ng fees for both of these uses based on market rates at si rri I ar agenci es.
189
1. Open the Public Hearing to consider amending the Placentia Comprehensive Fee Schedule for certain fees, rates, and charges for various City user services; and
2. Receive the Staff report, consider all public testimony, and discuss the proposed fees; and
3. Close the public hearing; and
4. Adopt Resolution No. R-2025-13, a Resolution of the City Council of the City of Placentia, California, establishing and adopting certain City fees, rates, and charges for various City services with an effective date of July 1, 2025, for Fiscal Year 2025-26. 190
Qest i ons & ComTent s
PLACENTIA
Rich Heritage, Bright Future
Master Schedule of User and Regulatory Fees
Effective July 1, 2025
192
City of Placentia
Master Schedule of User and Regulatory Fees
Table of Contents
Fees
Page
ADMINISTRATIVE FEES
BUILDING FEES
1 2
BUSINESS LICENSE APPLICATION REVIEW FEES
CODE ENFORCEMENT FEES
COMMUNITY SERVICES FEES
ENGINEERING AND ENCROACHMENT PERMIT FEES
FIRE PREVENTION FEES
PLANNING FEES
POLICE FEES
11 12
13 20
22 31
35 193
City of Placentia
MASTER FEE SCHEDULE - ADMINISTRATIVE FEES
Activity Description
1 Returned Check Fee
a) First Check
b) Each Additional Check
2 EFT/ACH Return / Error
3 Postage
4 Digital Media Device
5 Documents - Hard Copy
a) Standard Size
b) Non-standard Size
Fee Effective
July 1, 2025
$28
$38
$28
Actual Cost
$11
$0.60
Actual Cost
6 Subpoena Response / Retrieval Fees Max. Authorized by State 7 Credit Card Processing Fee- All transactions Citywide (charged to total being charged) 2.50% Note
194
City of Placentia
MASTER FEE SCHEDULE - BUILDING PERMIT AND PLAN REVIEW FEES Activity Description
Construction / Demolition
1 Construction / Demolition Project Application Fee
Demolition up to 3,000 sq ft
Over 3,000 sq ft
2 Impound Refuse Containers
Fee Effective
July 1, 2025
$111
$225
$115
$169
Note
Supplemental Plan Check Fees
3 First 2 Hours
4 Each Additional Half Hour (or portion thereof)
$350
$155
Supplemental Inspection Check Fees
5 First 2 Hours
6 Each Additional Half Hour (or portion thereof)
$259
$103
Mechanical Permit Fees
7 Issuance Fee (charged to all permits) $29
8 Air Conditioner
a) 100,000 BTU or less (each)
b) Over 100,000 BTU (each)
9 Air Handler
10 Appliance Vent / Chimney (Only)
11 Boiler
12 Compressor
13 Duct Work
14 Evaporative Cooler
15 Exhaust Hood (Commercial Grease Hood)
16 Exhaust Hood and Duct (Residential)
17 Heat Pump (Package Unit)
18 Heater
a) 100,000 BTU or less
b) Over 100,000 BTU
c) Unit, Radiant, etc.
d) Wall / Floor
19 Vent Fan, Single Duct
20 Vent System
21 Minisplit System
a) Exterior, Condensor (each)
$69
$103
$103
$103
$103
$103
$138
$103
$284
$103
$103
$103
$103
$103
$103
$87
$103
$100
195
City of Placentia
MASTER FEE SCHEDULE - BUILDING PERMIT AND PLAN REVIEW FEES Activity Description
b) Room Unit (each)
22 Suppy or return vent opening (Each)
23 Walk -In Box / Refrigerator Coil
24 AC Coil
25 House Fan
26 Mechanical item not listed
27 Other Mechanical Inspections (Per/Hr)
28 Stand-alone Mechanical Plan Check (Per/Hr)
29 Mechanical-Misc. Inspection
Fee Effective
July 1, 2025
$100
$100
$103
$70
$103
$103
$162
$201
$115
Note
Electrical Permit Fees
30 Issuance Fee
31 New or Re -Wire Power Apparatus
a) New or Re -Wire Residential (Per/Sq. Ft)
b) New or Re -Wire Garages (Per/Sq. Ft)
$29
$0.17
$0.15
32 Busways $74
33 Light Standard or Private Street Light
a) First
b) Each Additional
34 Miscellaneous Apparatus, Conduits and Conductors (EV Charger, Backup Batteries)
Fans (Each)
Lights (Each)
Switches (Each)
35 Outlets (Each)
a) 120v Outlet
b) 208v Outlet
c) 220v Outlet
36 Power Apparatus (per HP, kV, KVA, etc.)
a) Up to and Including 1
b) 2 to 10
c) 11 to 50
d) 51 to 100
e) Greater than 100
$131
$39
$87
$4
$4
$4
$4
$4
$4
$33
$47
$57
$72
$83
37 A/C or Solar Disconnect $4
196
City of Placentia
MASTER FEE SCHEDULE - BUILDING PERMIT AND PLAN REVIEW FEES Activity Description
38 Garage Door Opener
39 Circuit Protection (New Circuit)
40 Time Clock
41 Appliance (Hardwire)
42 Cap Electrical
43 Pre -Inspection
Fee Effective
July 1, 2025
$33
$4
$115
$33
$31
$92
44 Service or Panel (600V up to 1,000 amp) (Per/Unit) $155 45 Subpanel
46 Signs, Outline Lighting, and Marquees
47 Additional Signs
48 Temporary Pole (each)
49 Theatrical -type Lighting Fixtures or Assemblies (each) 50 Other Electrical Inspections (Per/Hr)
51 Stand-alone Electrical Plan Check (Per/Hr)
$155
$87
$50
$103
$4
$162
$201
52 Electrical- Misc. Inspection $115
Note
Plumbing Permit Fees
53 Issuance Fee $29
54 Anti -Syphon Valve (each)
55 Backflow Preventer (each)
56 Bathtub (each)
57 Dishwasher (each)
58 Drain -Piping Repair / Alterations (each)
59 Drinking Fountain (each)
60 Floor Sink / Drain (each)
61 Garbage Disposal (each)
62 Gas Piping
a) First Five Outlets
b) Each Additional Five Outlets
63 Grease Interceptor
64 Grease Trap
65 Laundry
$31
$31
$65
$7
$388
$194
$31
197
City of Placentia
MASTER FEE SCHEDULE - BUILDING PERMIT AND PLAN REVIEW FEES Activity Description
66 P Trap (each)
67 Roof Drain -Rainwater System (Per/Drain)
68 Septic System (each)
69 Sewer (new, add, repair, abandonment)
70 Sewer Cleanout Only (each)
71 Shower Stall (each)
72 Sink (each)
73 Solar Water System Fixtures (tanks, water treatment, equip) 74 Urinal (each)
75 Waste and Vent System
76 Water Closet (each)
77 Water Heater (each)
78 Water Line (each)
79 Water Pipe Repair Replacement
a) First 100 If
b) Each additional 100 If
80 Hose Bib
81 Sump Pump
82 Earthquake shut off valve
83 Cap Plumbing
84 Gas Service/ Meter Release
85 Plumbing item not listed
86 Other Plumbing Inspections (Per/Hr)
87 Stand-alone Plumbing Plan Check (Per/Hr)
Fee Effective
July 1, 2025
$31
$31
$388
$31
$31
$31
$31
$65
$31
$129
$31
$31
$31
$131
$57
$31
$31
$31
$31
$31
$31
$162
$201
88 Plumbing- Misc. Inspection $115
Note
Miscellaneous Permit / Other Fees
89 Certificate of Occupancy
90 Temporary Certificate of Occupancy
$225
$225
198
City of Placentia
MASTER FEE SCHEDULE - BUILDING PERMIT AND PLAN REVIEW FEES Activity Description
91 Modification to Application (Contractor, Owner, Architect) 92 Issuance Fee
93 Permit Re -issuance Fee (all types of permits)
94 Permit Extension (all types of permits)
95 Application Meeting (Group Meeting Fee)
96 Building & Zoning Inspection
97 Duplicate Job Card
98 Dedicated Inspector / Special Inspector Use / Contract Inspector 99 Expedited Plan Review
100 Solar Panels
Rcsiccntia
So
ar Panc
s
10 KW or
ccs wit
1 cxpeditcc
p
an c
-cc
c
101 Residential Solar Panels- 15KW or less
102 Residential Solar Panels over 15KW
103 Commercial Solar Panels- 50 KW or less
104 Commercial Solar Panels- Between 51 KW and 250 KW
105 Commercial Solar Panels- Over 250 KW
106 Solar Domestic Water Heating
107 Solar Pool Heating
108 Inspection of Solar Panel System
109 Address Change
110 Awning (Minimum Charge)
111 Close or Open Exterior Wall (Minimum Charge)
112 Wood Fence (Minimum Charge)
113 Masonry Wall (Minimum Charge)
114 Retaining Wall: 3'-6' UP TO 50 L.F. Standard for Level Grade Only 115 Additional Retaining Wall each 50 linear foot
Fee Effective
July 1, 2025
$60
$29
$29
$29
$578
$92
$38
15% of Base Bldg Permit
Fee
15% of Base Plan Check
Fee
S-2-5-0-
$450
$500 + $15/Kw over 15
$1,000
$1,000 + $7/Kw over 50
$2,400 + $5/Kw over 250
$115
$115
$115
$2,021
$171
$285
$138
$171
$345
$85
116 Retaining Wall: 1'-8' up to 50 linear foot (Engineered designed for Retaining $690 Slopes)
117 Additional Retaining Wall of Same Height each 50 linear foor $115 Note
[a]
[b]
199
City of Placentia
MASTER FEE SCHEDULE - BUILDING PERMIT AND PLAN REVIEW FEES Activity Description
118 Patio Cover -Installation/ Replacement/ Repair (Minimum Charge) 119 Add for Screening (Per/ Sq. ft minimum charge)
120 Pre Fab Patio Room (Minimum Charge)
121 Residential Alterations (Minimum Charge)
122 Room Addition (Minimum Charge)
123 Roof
a) First 2,000 sf
b) 2,001 sf - 4,000 sf
c) 4,001 sf to 6,000 sf
d) 6,001 sf or more
124 Residential Pool Re -plaster
125 Residential Gunite/Plaster
126 Residential Pool
127 Residential Spa or Hot Tub
128 Residential Swimming Pool
a) Electrical
b) Plumbing
c) Mechanical
129 Commercial Pool Re -plaster
130 Commerical Gunite/Plaster
131 Commercial Pool
132 Commerical Spa or Hot Tub
133 Commerical Swimming Pool
a) Electrical
b) Plumbing
c) Mechanical
134 Stucco
a) First 400 sf
b) Each Additional 100 sf
135 Windows
a) 1 Only
b) 2 Only
c) 3-10
d) 11-20
e) 21-50
Fee Effective
July 1, 2025
$306
$4
$285
Note
[c]
[c]
[c]
$229 [c]
$285 [c]
$368
$504
$775
$971
$155
$739
$1,507
$555
$117
$98
$95
$310
$1,479
$3,014
$1,110
$234
$195
$190
$324
$26
$103
$129
$233
$465
$699
200
City of Placentia
MASTER FEE SCHEDULE - BUILDING PERMIT AND PLAN REVIEW FEES Activity Description
f) 51-100
g) 100-200
h) 200-500
136 Bay Window (Each)
137 Skylight less than 10 sq ft no framing (Each)
138 Additional Skylight Less than sq ft (Each)
139 Skylight greater than 10 sq ft or structural (Each) 140 Additional Skylight greater than 10 sq ft or structural (Each) 141 New window or sliding glass door non-structural (Each) 142 New window or sliding glass door sheer masonary (Each) 143 General Plan Update Fee (per $1,000 valuation)
144 Technology Enhancement Fee (per $1,000 valuation)
145 Signs (Non -Electrical)
146 Channel Letter (Non -Iliuminated) (Each) unless otherwise noted 147 Additional Signs (Non -Electrical)
148 Monument Pole Free Standing (Each) Unless Otherwise Noted 149 Alteration, Sign Face Change (Each)
150 Non- Iliuminated Sign (Each)
151 Channel Letter (Iliuminated) (Each) unless otherwise noted 152 Storage Racks
a) Storage Racks up to 100 LF
b) each additional 100 LF
153 Pillasters (Each)
154 Stairs
a) First Flight
b) Each Additional Flight
155 Gas Yard Piping per 100 linear feet
156 Oil Well abandonment Inspection
157 Antenna Tower (Each)
158 Antenna (Each)
159 Seismic Retrofit
a) Less than 5,000 sq ft
b) Greater than 5,000 sq ft
160 Dry Rot/ Termite Repair
a) First 400 sq ft
b) Each additional 100 sq ft
161 Drywall
a) First 400 sq ft
Fee Effective
July 1, 2025
$931
$1,165
$1,397
$288
$288
$288
$288
$288
$288
$288
$4
$3.6
$225
$115
$225
$115
$225
$225
$280
$70
$200
$200
$75
$30
$288
$345
$250
$76
$153
$76
$153
$76
Note
201
City of Placentia
MASTER FEE SCHEDULE - BUILDING PERMIT AND PLAN REVIEW FEES Activity Description
b) Each additional 100 sq ft
162 Siding
a) First 400 sq ft
b) Each additional 100 sq ft
Fee Effective
July 1, 2025
$153
$76
$38
Note
163 T -Bar Ceiling
a) First 400 sq ft
b) Each additional 100 sq ft
164 Carport
a) Up to 300 sq ft each
b) Each additional carport
165 Covered Porch
a) Up to 500 sq ft each
b) Each additional 100 sq ft
166 Fire Place
a) Factory Built
b) Gas
c) Masonry Fire Place
167 Special Investigation
Table 1-A - Building Permit Fees
Total Valuation
168 $1 to $500
169 $501 to $2,000
a) For the first $500
b) plus $3.30 for each additional $100, or fraction thereof, to and including $2,000
170 $2,001 to $25,000
a) For the first $2,000
b) plus $15 for each additional $1000, or fraction thereof, to and including $25,000
171 $25,001 to $50,000
a) For the first $25,000
b) plus $10.85 for each additional $1000, or fraction thereof, to and including $50,000
172 $50,001 to $100,000
a) For the first $50,000
b) plus $7.55 for each additional $1000, or fraction thereof, to and including $100,000
173 $100,001 to $500,000
a) For the first $100,000
b) plus $6 for each additional $1000, or fraction thereof, to and including $500,000
174 $500,001 to $1,000,000
a) For the first $500,000
$76
$38
$153
$153
$306
$306
$76
$153
$229
$115
$77
$77
$4
$138
$17
$563
$13
$898
$9
$1,363
$8
$4,321
202
City of Placentia
MASTER FEE SCHEDULE - BUILDING PERMIT AND PLAN REVIEW FEES Activity Description
b) plus $5.10 for each additional $1000, or fraction thereof, to and including $1,000,000
175 $1,000,001 and up
a) For the first $1,000,000
b) plus $3.40 for each additional $1000, or fraction thereof 176 Plan Check/ Building Official Plan Check
177 Reinspection Fee
178 Refund Processing
Fee Effective
July 1, 2025
$7
$7,464
$4
65% of Building Permit
Fee
$119
$29
Note
* If calculated fees do not reach the established minimum fee, the minimum fee applies. [a] For requests for dedicated inspection / special on -call inspection services, an additional fee of 15% of base building permit fees will apply (fee is in addition to base fees paid). Request is subject to Director approval and dependent on staff/consultant availability and [b] For requests for expedited plan review, an additional fee of 15% of base plan review fees will apply (fee is in addition to base fees paid). Request is subject to Director approval and dependent on staff/consultant availability and workload. [c] Fee is greater of minimum charge or Table 1-A charge.
203
City of Placentia
MASTER FEE SCHEDULE - BUSINESS LICENSE AND FINANCE CHARGES Activity Description
Business License Administrative Processing Fees
1 Admin Fee - New Account
a) Within City
b) Outside City
2 Admin Fee - Renewal
3 State Fee
4 Documents - Hard Copy
a) Standard Size
b) Non-standard Size
[a] State mandated fee per SB1186 (CASP Fee)
Fee Effective
July 1, 2025
$57
$24
$24
$4
$0.60
Actual Cost
Note
[a]
204
City of Placentia
MASTER FEE SCHEDULE - CODE ENFORCEMENT FEES
Activity Description
Sidewalk Vending
1 Sidewalk Vending Permit
2 Compact Mobile Food Operations ≤ 25 sq. ft.
3 Vending of Goods & Merchandise from a vehicle Permit (Food trucks) 4 Administrative Appeal of Denial/Revocation of Sidewalk Vending Permit Fee Effective
July 1, 2025
$258
$103
$237 +$50/EE
$88
Note
Miscellaneous Fees
5 Massage Establishment Permit
Massage Tcc
inician
crmit
6 Code Enforcement Reinspection
7 Code Enforcement Hourly Rate
$598
$146
$117
[a]
[a] Hourly rate for Code Compliance inspections and/or reinspections required or requested for which no other fees are listed, requests for special event support, etc.
205
City of Placentia
MASTER FEE SCHEDULE - COMMUNITY SERVICES
Activity Description
Aquatic Programs
1 Swim Lessons
2 Aquatics Day Class
3 Aquatics Night Class
Fee Effective
July 1, 2025
$86-99
$91-99
$84
Note
Contract Recreation Classes
4 Class Fees
5 Instructor / City Percentages:
Classes held at City -Owned Facilities
Classes held at offsite / Non City -Owned Facilities
6 Summer Day Camps (per week/per person)
7 Administrative Fee for Classes
market price
60% Inst / 40% City
65% Inst / 35% City
$171
$12
Youth Sports Programs (Participant Registration Fee)
8 Placentia Youth Basketball $144
Adult Sports Programs (Team Registration Fee)
9 Adult Futsal (Indoor Soccer)
10 Adult Basketball
$385
$408
Excursions
11 Excursion
a) Single Day
b) Multi -Day
c) Administrative Fee
$35-65
$65-195
$12
Facility Rentals (based on 2 hr minimum) - Includes Set Up, Cleaning, Breakdown, and Overhead
12 Permit Processing Fee (all users)
Whitten Center
13 Refundable Security Fee (Damage Deposit)
14 Resident Non Pofit
a) Main Room (150 Max)
i) Friday -Sunday
ii) Monday - Thursday
b) Room A or B (75 Max)
i) Friday - Sunday
ii) Monday - Thursday
$25
$180
$97
$76
$76
$67
206
City of Placentia
MASTER FEE SCHEDULE - COMMUNITY SERVICES
Activity Description
15 Resident, Non Resident Non Profit
a) Main Room (150 Max)
i) Friday - Sunday
ii) Monday - Thursday
b) Room A or B (75 Max)
i) Friday -Sunday
ii) Monday - Thursday
16 Non Resident
a) Main Room (150 Max)
i) Friday - Sunday
ii) Monday - Thursday
b) Room A or B (75 Max)
i) Friday -Sunday
ii) Monday - Thursday
17 Commercial
a) Main Room (150 Max)
i) Friday -Sunday
ii) Monday - Thursday
b) Room A or B (75 Max)
i) Friday -Sunday
ii) Monday - Thursday
18 Kitchen (AII Users)
Aguirre (60 Max)
19 Refundable Deposit (Damage Deposit)
20 Resident Non Profit
a) Friday - Sunday
b) Monday -Thursday
21 Resident, Non Resident Non Profit
a) Friday - Sunday
b) Monday -Thursday
22 Non Resident
a) Friday - Sunday
b) Monday -Thursday
Fee Effective
July 1, 2025
$117
$97
$88
$76
$148
$128
$146
$136
$171
$162
$120
$76
$67
$88
$76
$117
$108
Note
207
City of Placentia
MASTER FEE SCHEDULE - COMMUNITY SERVICES
Activity Description
23 Commercial
a) Friday - Sunday
b) Monday -Thursday
Backs - Main Room (150 Max)
24 Refundable Deposit (Damage Deposit)
25 Resident Non Profit
a) Friday - Sunday
b) Monday -Thursday
26 Resident, Non Resident Non Profit
a) Friday - Sunday
b) Monday -Thursday
27 Non Resident
a) Friday - Sunday
b) Monday -Thursday
28 Commercial
a) Friday - Sunday
b) Monday -Thursday
Koch Building (30 Max)
29 Refundable Deposit (Damage Deposit)
30 Resident Non Profit
a) Friday - Sunday
b) Monday -Thursday
31 Resident, Non Resident Non Profit
a) Friday - Sunday
b) Monday -Thursday
32 Non Resident
a) Friday - Sunday
b) Monday -Thursday
33 Commercial
a) Friday - Sunday
b) Monday -Thursday
Fee Effective
July 1, 2025
$146
$136
$177
$97
$76
$117
$97
$146
$128
$177
$167
$121
$67
$67
$76
$67
$107
$94
$107
$94
Note
208
City of Placentia
MASTER FEE SCHEDULE - COMMUNITY SERVICES
Activity Description
Gyms
34 Gyms Refundable Security Fee (Damage Deposit)
35 Oberle Gym (348 Max)
a) Resident Non Profit
b) Resident, Non Resident Non Profit
c) Non Resident
d) Commercial
36 Tynes Gym (303 Max)
a) Resident Non Profit
b) Resident, Non Resident Non Profit
c) Non Resident
d) Commercial
Gomez Community Center (60 Max)
37 Refundable Deposit (Damage Deposit)
38 Resident Non Profit
a) Friday - Sunday
b) Monday -Thursday
39 Resident, Non Resident Non Profit
a) Friday - Sunday
b) Monday -Thursday
40 Non Resident
a) Friday - Sunday
b) Monday -Thursday
41 Commercial
a) Friday - Sunday
b) Monday - Thursday
Pools
42 Whitten Center Pool Rental
43 Gomez Center Pool Rental
Special Events
44 For Grass Areas
a) Damage Deposit
b) Per Hour
Fee Effective
July 1, 2025
$120
$70
$76
$90
$99
$67
$76
$88
$99
$121
$75
$65
$87
$75
$117
$106
$148
$138
$357
$357
$360
$370
Note
209
City of Placentia
MASTER FEE SCHEDULE - COMMUNITY SERVICES
Activity Description
Park Shelter / Table Rentals (based on 2 hr minimum)
45 Permit Processing Fee (all users)
46 Picnic Shelters
a) Refundable Security Fee (Cleaning / Damage Deposit)
b) Kraemer Picnic Shelter Rental Rate (per shelter area) i) Resident
ii) Non Resident
b) Koch Picnic Shelter Rental Rate (per shelter area)
i) Resident
ii) Non Resident
47 Picnic Tables
a) Parque del Arroyo Verde Picnic Table Rental Rate
i) Resident
ii) Non Resident
b) Parque de los Vaqueros Picnic Table Rental Rate
i) Resident
ii) Non Resident
c) Tuffree Park Picnic Table Rental Rate
i) Resident
ii) Non Resident
c) Placentia Champions Sports Complex Picnic Table Rental Rate i) Resident
ii) Non Resident
Fee Effective
July 1, 2025
$121
$74
$125
$74
$125
$69
$118
$69
$118
$69
$118
$69
$118
Note
Sportsfield Rentals (per hour)
48 Sportsfield Processing Fee - One time fee
49 Sporstfield Application Fee
a) Melrose Elementary School SB1
i) Resident Non Profit
ii) Resident
iii) Non Resident Non Profit
iv) Non Resident
v) Commercial
$80
210
City of Placentia
MASTER FEE SCHEDULE - COMMUNITY SERVICES
Activity Description
b) Parque de los Ninos
i) Resident Non Profit
ii) Resident
iii) Non Resident Non Profit
iv) Non Resident
v) Commercial
c) PCSC
i) Resident Non Profit
ii) Resident
iii) Non Resident Non Profit
iv) Non Resident
v) Commercial
c) Tuffree Park P4
i) Resident Non Profit
ii) Resident
iii) Non Resident Non Profit
iv) Non Resident
v) Commercial
d) Tuffree Park Baseball
i) Resident Non Profit
ii) Resident
iii) Non Resident Non Profit
iv) Non Resident
v) Commercial
d) Tuffree Park Tennis Courts 1 & 2
i) Resident Non Profit
ii) Resident
iii) Non Resident Non Profit
iv) Non Resident
v) Commercial
Fee Effective
July 1, 2025
$6
$9
$12
$16
$27
$10
$12
$16
$27
$52
$6
$9
$12
$16
$27
$10
$12
$16
$27
$52
$5
$8
$10
$15
$20
Note
211
City of Placentia
MASTER FEE SCHEDULE - COMMUNITY SERVICES
Activity Description
d) Valdez Middle School SB1
i) Resident Non Profit
ii) Resident
iii) Non Resident Non Profit
iv) Non Resident
v) Commercial
d) Torii Hunter Softball
i) Resident Non Profit
ii) Resident
iii) Non Resident Non Profit
iv) Non Resident
v) Commercial
Fee Effective
July 1, 2025
$10
$12
$16
$27
$52
$10
$12
$16
$27
$52
Note
Athletic Field Lighting (per hour)
50 Kraemer Middle School
a) P1
b) P13
c) P17
d) P2
e) SB1
f) SB2
51 Melrose Elementary School SB1
PCSC
a) Jensen
b) March
c) Munoz
d) Valadez
52 Tuffree Middle School
a) P1
b) P2
c) P3
d) P4
e) SB1
f) SB2
g) Tennis Court 1
h) Tennis Court 2
53 Melrose Elementary School SB1
$15
$15
$20
$15
$20
$20
$20
$20
$20
$20
$20
$20
$20
$16
$16
$20
$20
$12
$12
$20
212
City of Placentia
MASTER FEE SCHEDULE - ENGINEERING AND ENCROACHMENT PERMIT FEES Activity Description
General Permit and Inspection Fees
1 Grading - Standard Projects
a) Grading Permit
b) Plan Check
i) First Sheet
ii) Each Additional Sheet
c) Inspection
i) First Hour
ii) Each Additional Hour
2 Grading - Larger Projects - see Note 2
Parcel / Tract Map Checking
3 Parcel / Tract Map Checking
a) Up to 5 Lots
i) First Sheet
ii) Each Additional Sheet
b) Greater than 5 Lots
i) First Sheet
ii) Each Additional Sheet
Other Permit and Inspection Fees
4 Traffic Control Plan Check - see Note 3
5 Water Quality Management Plan Review
6 Sediment and Erosion Plan Check
a) 1st sheet
b) Each Additional Sheet
7 Transportation Permit
a) Transportation Permit -Annual (Each)
b) Transportation Permit - Single Trip (Each)
Encroachment
8 Encroachment Permit
a) Encroachment Permit
b) Encroachment Plan Check
i) 1st sheet
ii) Each Additional Sheet
c) Encroachment Inspection
i) 1st hour
ii) Each Additional Hour
Fee Effective
July 1, 2025
$343
$1,195
$752
$343
$171
$2,079
$752
$0
$2,742
$752
$1,769
$4,018
$1,637
$752
$103
$18
$343
$885
$885
$171
$171
Note
[a]
[a]
[a]
[a]
[a]
[a]
[a]
[a]
[a]
[a]
[a]
[a]
213
City of Placentia
MASTER FEE SCHEDULE - ENGINEERING AND ENCROACHMENT PERMIT FEES Activity Description
Other Services
9 PW Special Inspection (Per/Hr)
10 Traffic Engineering Development Plan Check Review -(Base Fee + Deposit) See Note 1
11 Traffic Impact Analysis Review - (Base Fee + Deposit) See Note 1 12 Sewer Capacity Study
13 Address Issuance
Fee Effective
July 1, 2025
$171
$2,210
$2,653
$1,825
a) Simple (Utility pedestals/ ADUs, etc.) $168
b) Complex (SFR, Multi -Family, etc.) $504
FOG
14 FOG Plan Check Fee
Note
[a]
[a]
[a]
$1,056 [a]
15 FOG Annual Service
a) With Interceptor $304
b) Without Interceptor $2,485
Technology Enhancement Fee
16 Technology Enhancement Fee (per sheet) $13
[a] Three checks included in fee.
Explanatory Notes:
Note 1: Base Fee as noted, plus, as needed, an initial deposit determined by the Director of Public Works, against which the City will charge the cost of outside consultants/attorneys, other City costs and staff time at Fully Burdened Hourly Rates in excess of the amounts included in the base fee. If costs exceed deposit amount, additional deposit(s) will be required.
Note 2: An initial deposit of amount indicated or as determined by the City Engineer, against which the City will charge the cost of outside consultants / attorneys, other City costs and staff time at Fully Burdened Hourly Rates. If Costs exceed deposit amount, additional deposit(s) will be required.
Note 3: Excludes minor projects that do not involve lane closures in major arterial streets.
214
City of Placentia
MASTER FEE SCHEDULE - FIRE PREVENTION FEES
Activity Description
Development Review
1 Small Project - Single family residence, single, ADU
2 Development Plan/Site Review/CUP
3 Map Review - Tentative Tract Map/Screen Check/and or Clearance letter for print linen Fire Master Plan - Emergency access and fire hydrant location, fire lane markings, or vehicle gates across 4 emergency access drives
Temporary Fire Master Plan - Emergency access and fire hydrant location, fire lane markings, or vehicle 5 gates across emergency access drives
6 Vehicle or pedestrian gates across emergency access roads 7 Methane Mitigation Plan
Fee Effective
July 1, 2025
$395
$614
$439
$628
$471
$500
$412
Architectural Review (per building)
8 All A Occupancy 5,000 sq ft or under
9 All A Occupancy greater than 5,000 sq ft
10 E Day Care or I-4
11 E Occupancy educational
12 B, F, M, S Occupancies
13 H Occupancy - Chemical classification fee
14 I or R2.1 Occupancies
15 R1 or R2 Hotels, motels, apartments, condominiums with 50 or less dwelling units per building R1 or R2 Hotels, motels, apartments, condominiums with 50 or less dwelling units per building - Inspection 16 Only
17 R1 or R2 Hotels, motels, apartments, condominiums with 51 to 150 units per building 18 R1 or R2 Hotels, motels, apartments, condominiums with 51 to 150 units per building - Inspection Only 19 R1 or R2 Hotels, motels, apartments, condominiums with more than 150 dwelling units per building R1 or R2 Hotels, motels, apartments, condominiums with more than 150 dwelling units per building - 20 Inspection Only
21 R3.1 RCF
22 R3.1 RCF - Inspection Only
23 R4 Licensed residential care / assisted living facilities 24 R4 Licensed residential care / assisted living facilities - Inspection Only 25 S1 - Motor Vehicle Repair Garages (Chem class fee included for above ground hazardous materials) $1,070
$1,219
$746
$1,219
$719
$1,359
$1,885
$658
$176
$1,081
$289
$2,244
$701
$562
$176
$847
$307
$982
Note
215
City of Placentia
MASTER FEE SCHEDULE - FIRE PREVENTION FEES
Activity Description
Fee Effective
July 1, 2025
Note
Hazardous Processes/Systems/Materials
26 Above/underground storage tank (per tank, includes associated tank equipment) 27 Above -ground storage tank, including equipment - Inspection Only $670
$246
28 Hazardous Material Process/Storage for Non - H Occupancies. Includes Chem Class Review 0 - 5 chemicals $729 29 Hazardous Material Process/Storage for Non - H Occupancies - Inspection Only 30 Chemical Classification Review 6 - 49 chemicals
31 Chemical Classification Review 50 - 100 chemicals
32 Chemical Classification Review more than 100 chemicals 33 High -piled storage: code/commodity compliance
Refrigeration unit and system: having a refrigerant circuit containing more than 220 pounds of Group Al or 3- 34 pounds of any refrigerant
35 Spray booth, spraying area
36 Spray booth, spraying area - Inspection Only
37 Gas Systems: medical gas, industrial gas (including piping and manifolds) 38 Gas systems: CO2 for Beverage
39 Special equipment: industrial ovens, vapor recovery, dust collection, Dry Cleaning 40 Photovoltaic System - Commercial
41 Battery Systems, stationary storage and cell sites
42 Emergency Responder Radio System
$317
$588
$815
$1,210
$1,124
$1,131
$784
$242
$1,091
$517
$884
$514
$623
$1,067
Suppression Systems
43 NFPA 13D fire sprinkler system: One or two family dwelling - (single lot) 44 NFPA 13D fire sprinkler system: One or two family dwelling - (single lot) - Inspection Only 45 TI to NFPA 13D fire sprinkler system: One or two family dwelling - (single lot) - Existing Home TI to NFPA 13D fire sprinkler system: One or two family dwelling - (single lot) - Existing Home - Inspection 46 Only
$572
$224
$480
$242
47 NFPA 13R fire sprinkler system: 3 to 16 units per building $695 48 NFPA 13R fire sprinkler system: 3 to 16 units - Inspection Only 49 NFPA 13R fire sprinkler system: 17 to 50 units per building 50 NFPA 13R fire sprinkler system: 17 to 50 units per building - Inspection Only 51 NFPA 13R fire sprinkler system: > 50 units per building 52 NFPA 13R fire sprinkler system: more than 50 units - Inspection Only 53 New NFPA 13 fire sprinkler system: ≤ 100 heads per riser 54 New NFPA 13 fire sprinkler system: ≤ 100 heads per riser - Inspection Only
$271
$996
$456
$1,138
$541
$735
$272
216
City of Placentia
MASTER FEE SCHEDULE - FIRE PREVENTION FEES
Activity Description
55 New NFPA 13 fire sprinkler system: > 100 heads per riser New NFPA 13 fire sprinkler system: > 100 heads per riser OR each add'I riser OR per floor in buildings > 2 56 stories - Inspection Only
57 New NFPA 13 fire sprinkler system: R -1/R-2 each riser and per floor in buildings > 2 stories 58 New NFPA 13 fire sprinkler system: R -1/R-2 - Inspection Only 59 TI to NFPA 13, 13R fire sprinkler system: 5 appliances (single hydrant or riser equals 1 appliance) 71 Underground private fire service mains - Inspection Only 72 Underground private fire service main repair
73 Commercial cooking hood and duct system (per system) 74 Special extinguishing system: Dry Chemical, CO2, FM 200, Foam Liquid Systems, Inert Gas, Halon, & Inergen 75 Special extinguishing system - Inspection Only
Fee Effective
July 1, 2025
$959
$323
$444
$193
$416
$184
$838
$386
$801
$271
$723
$317
$1,059
$336
$675
$1,059
$161
$488
$408
$760
$161
Note
Alarm Systems
76 Fire sprinkler and Fire Alarm monitoring system up to 5 initiating devices and/or up to 20 notification devices $437 Fire sprinkler and Fire Alarm monitoring system up to 5 initiating devices and/or up to 20 notification devices 77 - Inspection Only $136
78 Fire alarm system: 6 - 15 initiating devices and/or ≤ 21- 40 notification devices $604 79 Fire alarm system: 6-15 initiating devices and/or ≤ 21- 40 notification devices - Inspection Only $193 80 Fire alarm system: 16 - 30 initiating devices and/or ≤ 41- 80 notification devices $916 81 Fire alarm system: 16 - 30 initiating devices and/or ≤ 41- 80 notification devices - Inspection Only $389
217
City of Placentia
MASTER FEE SCHEDULE - FIRE PREVENTION FEES
Activity Description
82 Fire alarm system: > 30 initiating devices and/or > 80 notification devices 83 Fire alarm system: > 30 initiating devices and/or > 80 notification devices - Inspection Only 84 Fire alarm system TI
85 Fire alarm system TI - Inspection Only
86 Field review/inspection - Underground repair
Fee Effective
July 1, 2025
$1,247
$449
$403
$125
$263
Note
Administrative/Miscellaneous
87 Alternative Method and Material Request
88 Plan Revision
89 Reinspection Fee
$701
$289
$193
90 Inspection time and materials fee (per hour) $193
91 Plan Review time and materials (per hour) $193
92 Fire Marshal time and material fee $220
93 Accelerated plan review (Per review. Fee is in addition to base fee assessed for plan review) $263 94 Coordination/Pre-submittal Meetings: (hourly minimum 2 hours) $439 95 Additional Review past 2nd review (each submittal) $289 96 After hours inspection $701
97 Written Response to Inquiry (per hour) $176
98 Fire Watch -Inspector Standby Hourly Rate
Actual Cost or
Specified System
99 Work without a permit Inspection Fee
100 Occupancy before approval $220
First Responder Fees
99 Engine Company Inspections - Light/Ordinary Hazard
100 Engine Company Inspections - High Hazard
101 Engine Company Re -Inspection
102 False Alarm - Commercial
104 False Alarm - Residential
103 Supression Personnel Standby
$130
$250
$183
$275
$573
$275
218
City of Placentia
MASTER FEE SCHEDULE - FIRE PREVENTION FEES
Activity Description
Operational Permits
1 Aerosol products
2 Aviation Facilities and Aircraft refueling vehicles
3 Compressed Gases - Carbon Dioxide used in beverage dispensing systems 4 Compressed Gases - greater than amounts listed in CFC T105.5.9 5 Combustible dust producing operations
6 Covered and open mall buildings
7 Cryogenic fluids- greater than amounts listed in CFC T105.5.11 8 Cutting and welding
9 Dry cleaning
10 Explosives
11 Flammable and combustible liquids
12 Hazardous Productions Materials (HPM) Facilities
13 Additive Manufacturing
14 Amusement Buildings
15 Carnivals and Fairs
16 Cellulose Nitrate Film
17 Combustible Fibers
18 Energy Storage Systems
19 Exhibits and Trade Shows
20 Fire Hydrants and Valves
21 Floor Finishing
22 Fruit and Crop Ripening
23 Fumigation and Insecticidal Fogging
24 Hazardous Materials
25 High -piled Storage
26 Hot Work Operations
27 Industrial Ovens
Fee Effective
July 1, 2025
$337
$337
$275
$473
$540
$2,215
$540
$289
$289
$674
$607
$607
$289
Same as Places of
Assembly
Same as Places of
Assembly
$222
$271
$289
$217
$201
$222
$162
$162
$379
$412
$250
$163
Note
219
City of Placentia
MASTER FEE SCHEDULE - FIRE PREVENTION FEES
Activity Description
28 Lumber Yards and Woodworking Plants
29 Liquid or Gas -fueled Vehicles or Equipment in Assembly Buildings 30 LP -Gas - 501 gal water capacity or more
31 Magnesium
32 Miscellaneous Combustible Storage in excess of 2,500 cu.ft. 33 Mobile Fueling of Hydrogen -Fueled vehicles
34 Motor -Fuel Dispensing Facilities
35 Open Burning
36 Open Flames and Torches
37 Open Flames and Candles
38 Organic Coatings
39 Outdoor Assembly Event - Occupant Load 1,000 or more 40 Places of Assembly
a) Occupant Load 50-500
b) Occupant Load 501-1000
c) Occupant Load 1,001 or more
41 Plant Extraction Systems
42 Private Fire Hydrants
43 Pyrotechnic Special Effects Material
44 Pyroxylin Plastics
45 Refridgeration Equipment
46 Repair Garages and Motor Fuel-Dispening
Fee Effective
July 1, 2025
$309
$371
$360
$385
$513
$275
$321
$321
$321
$321
$385
$513
$325
$412
$513
$229
$229
$706
$229
$321
$321
47 Rooftop Heliports $385
48 Spraying or Dipping
49 Storage of Scrap Tires and Tire Byproducts
50 Temporary Membrane Structures , Tents, Canopies
51 Tire -rebuilding Plants
$321
$229
$412
$385
52 Waste Handling $229
Note
220
City of Placentia
MASTER FEE SCHEDULE - FIRE PREVENTION FEES
Activity Description
53 Wood Products
54 Lithium Batteries
55 Production Facilities - Attendance of a live audience Fee Effective
July 1, 2025
$412
$577
$513
Note
Construction Permits
56 Aboveground storage tanks
a) 1st tank
b) Additional aboveground storage tanks
57 Close of flam LST, each
58 Close of flam LST, each add'I tank
59 Private Fire Hydrants, each
60 Modification of a UST permit
61 Transfer UST to a new owner
62 UST - new install of flam. LST
a) 1st tank
b) Each additional tank
63 UST system alteration; minor tank and piping repair
Flammable and Combustible liquids - to install construct , or alter tank vehicles, equipment, tanks, plants, 64 terminals, wells, etc.
65 UST closure
66 Solar, gardens and landscaped roofs
67 Cryogenic fluids
68 Hazardous materials
69 High -piled Combustible Storage
70 Automatic Fire -Extinguishing Systems
71 Compressed Gases
72 Emergency Responder Communication Coverage System
73 Energy Storage Systems
74 Fire Alarm and Detection Systems and Related Equipment 75 Fire Pumps and Related Equipment
76 Fuel Cell Power Systems
$1,156
$867
$1,252
$867
$506
$650
$337
$1,950
$1,252
$867
$650
$2,094
$674
$771
$1,252
$578
See Suppression
Systems Fees for
inspection only
$337
$679
$481
Fees for inspection
only
$550
$481
221
City of Placentia
MASTER FEE SCHEDULE - FIRE PREVENTION FEES
Activity Description
77 Gas Detection Systems
78 Industrial Ovens
79 LP -Gas- Installation
a) Up to 1,000 gal
b) 1,001 to 10,000 gal
c) 10,001 or more gal
80 Motor Vehicle Repair Rooms and Booths
81 Plant Extraction Systems
82 Smoke Control or Smoke Exhaust Systems
83 Solor Photovoltaic Power Systems
84 Special Event Structure
85 Spraying or Dipping
86 Standpipe Systems
87 Temporary Membrane Structures and Tents
Fee Effective
July 1, 2025
$427
$229
$183
$385
$577
$321
$733
$1,191
$550
$642
$550
$642
$481
Note
STATE MANDATED AND ROUTINE FIRE INSPECTION
88 Assemblies A Occupancy - Two (2) inspections included in operational permit Fee 89 B occupancy routine inspections - no operational permits, fire protection systems, etc. 90 B Occupancy Routine Inspections - with operational permits, fire protection systems, etc. 91 M, F, S occupancy routine inspections (initial inspection plus 1 re -inspection only) 92 E Occupancy — Schools, including private schools, other than daycare 93 I Occupancy — Hospital/Medical Facilities
94 Jail/Lockup Facility Inspection
95 Group I-4, Day Care facilities
96 Day Care - commercial
$175
$265
$300
$375
$375
$321
$434
$242
97 Day Care - large family $242
98 Convalescent/Care Facility Inspections
99 Laboratory - L Occupancy
100 R-1 Occupancy — Hotel/Motel
$242
$371
222
City of Placentia
MASTER FEE SCHEDULE - FIRE PREVENTION FEES
Activity Description
a) 1-30 untis
b) 31-50 units
c) 51 or more units
101 R-2 Occupancy — Multi -Family Residential
a) 3-10 units
b) 11-50 units
c) 51-75 units
d) 76 or more units
102 Fire Clearance Pre -Inspection
a) 25 occupants or less
b) 26 occupants or more
Fee Effective
July 1, 2025
$167
$212
$250
$130
$167
$321
$371
$184/Actual Cost
$237/Actual Cost
Note
223
City of Placentia
MASTER FEE SCHEDULE - PLANNING FEES
Activity Description
1 Abandonment of Property
2 Accessory Dwelling Unit (ADU) Administrative Review
3 Adult Oriented Business
4 Appeal of Staff Decision
a) to Planning Commission
b) to City Council
5 Building & Zoning Compliance Application
a) Minor
b) Major
6 CC&R's Review
7 Certificate of Compliance
8 Condominium Conversion
9 Development Agreement Review
10 Development Plan Review
11 Environmental Impact Report Admin/Review
12 Extension of Approval
a) Staff Approved Applications
b) Planning Comm/City Council Approved Applications
13 Film Permit
a) Commercial
b) Student
14 General Plan Amendment
15 Home Occupation Permit
16 House Move
17 Initial Study Checklist
18 Landscape Plan Review (Residential - 3 or more)
19 Landscape Plan Check (Commercial)
20 Letter of Public Convenience/Necessity
Fee Effective
July 1, 2025
$4,758
$3,027
$10,988
$3,367
$5,724
$113
$337
$2,531
$1,459
$7,128
$11,007
$15,156
$9,566
$1,348
35% of original application fee
$1,178
no charge
$15,994
$75
$2,904
$1,371
$562
$562
$1,235
Note
[a]
[a]
[a]
[d]
224
City of Placentia
MASTER FEE SCHEDULE - PLANNING FEES
Activity Description
21 Lot Line Adjustment
22 Negative Declaration
23 Planning Plan Check
24 Planning Review / Research (Questions/Issues requiring research) a) First hour
b) Each additional 15 minutes
25 Preliminary Plan Review
26 Security Review
27 SB 9 Administrative Review
a) Review of Residential Home (or Homes) Plan $3,027
b) Administrative Tentative Parcel Map $6,448
Fee Effective
July 1, 2025
$3,670
$4,112
$143
$337
$56
Note
[a]
$3,253 [a]
$899
28 b) Administrative Tentative Parcel Map $450
29 Short Term Rental Renewal (annual) $135
30 Appeal of Short Term Rental Permit Revocation
a) to Planning Commission
b) to City Council
31 Sign Plan Review
a) Individual Sign
b) Integrated Commercial/Industrial Center
c) Master Sign Program
$473
$603
$450
$674
$1,123
32 Sign Face Change Out $143
33 Site Plan Review
a) Minor
b) Major - Residential
c) Major - Commercial
34 Special Event Permit
a) Minor: outdoor display, etc.
b) Major: car show, fair, etc.
35 Specific Plan Review/Amendment
36 Study Session (Applicant Requested)
37 Temporary Advertising Permit (includes banners, etc.) $225
$3,027
$3,027
$171
$1,010 [e]
$11,793 [a]
$1,348
225
City of Placentia
MASTER FEE SCHEDULE - PLANNING FEES
Activity Description
a) Annual Permit
b) Subsequent/Renewal Permit in Same Calendar Year
38 Tentative Parcel Map (4 or fewer parcels)
39 Tentative Tract Map (5 or more Parcels/Lots/Units)
a) First 5 Parcels/Lots/Units
b) Each Additional Parcel/Lot/Unit
40 Third Party Review/Preparation of Plans
41 Underground Utility Waiver
42 Use Conformity Determination
43 Use Permit
a) Minor
b) Standard
c) Modification
i) Planning Commission
ii) Staff
d) Special
e) Use Permit - Temporary
i) New
ii) Renewal
44 Variance
a) Minor
b) With Other Applications
c) Standard
45 Wireless Facility - Preliminary Plan Review
46 Zone Change
47 Zone Change - Text Only
48 Film Permit
49 Mills Act Agreement
50 Mills Act Annual Compliance Review
51 Certificate of Appropriateness -Major
52 Certificate of Appropriateness -Minor
Fee Effective
July 1, 2025
$113
$85
$7,795
$10,263
$113
Note
[f]
[g]
$1,684 [a]
$2,741 [a]
$1,010
$3,592
$11,140
$8,222
$1,572
$1,569
$1,010
$562
$3,845
$6,956
$10,241
$1,786
$15,994
$4,214
$786
$2,168
$217
$596
$60
[a]
226
City of Placentia
MASTER FEE SCHEDULE - PLANNING FEES
Activity Description
Fee Effective
July 1, 2025
Note
[a] Base fee as noted, plus, as needed, an initial deposit is determined by the Director of Development Services, against which the City will charge the cost or outside consultants/attorneys, other City costs and staff time at Fully Burdened Hourly Rates in excess of the amounts included in the base fee. If costs exceed deposit amount, additional deposit(s) will be required. [b] If City Councilmember brings appeal, no fee charged. [c] Plus inspection fee, if necessary.
[d] Permit required, but no fee charged.
[e] Plus any costs from other departments.
[f] First-time registration permit fee.
[g] Renewal fee for existing businesses that have already registered with the City will be 75% of the initial registration permit fee. This reduced renewal fee will apply only to the same calendar year of the first-time registration date.
227
City of Placentia
MASTER FEE SCHEDULE - POLICE FEES
Activity Description
Alarms and Alarm System Permits
1 Alarm Permit
a) Commercial (Biennial Permit)
b) Residential (Biennial Permit)
Fee Effective
July 1, 2025
$194
$66
2 False Alarms (each alarm after first 2 for permit holders, each alarm for non -permit holders $301 Note
Miscellaneous Permits
3 ABC Permit
a) One Day Non -Profit
b) Commercial
4 Bingo Permit
5 Fortune Tellers/Annual Renewal
a) Non -Profit
b) For Profit
6 Gaming Permit
a) Non -Profit
b) For Profit
7 Second Hand Dealer License/Renewal
a) Non -Profit
b) For Profit
8 Solicitor's Vendor's Permit/Renewal
a) Non -Profit
b) For Profit
9 Live Entertainment Permit
a) Non -Profit
b) For Profit
10 Carnival Permit Investigation
a) Non -Profit
b) For Profit
$170
$341
$60 [a]
$377
$752
$377
$752
$377
$752
$377
$752
$377
$752
$377
$752
Other Police Fees/Services
11 Bike License
a) Per year
b) Three Year Renewal
$3
$5
228
City of Placentia
MASTER FEE SCHEDULE - POLICE FEES
Activity Description
12 Civil Subpoena
a) Officer and/or other staff- ( per day; actual costs per govt code 68096.1) b) Clerical (Nonrefundable fee plus hourly rate paid in full upon completion of subpoena) Fee Effective
July 1, 2025
Note
$275 [a]
$30/hr +$15 fee [a]
c) Body Worn Camera (by subpoena only) (Nonrefundable fee, Digital Media Fee, plus hourly rate paid in $30/hr +$15 fee full upon completion of subpoena)
13 Party Disturbance (Second Response) ($0 first courtesy response) 14 Property Release Fee
a) Victims and first appointments for property owners
b) All Others (includes "no shows")
15 Public Fingerprinting Fee (Plus DOJ/FBI fees)
$398
$0
$38
$34
Permit Parking
16 Residential Parking Permits
a) Each residence granted up to five (5) permanent permits and up to five (5) guest permits (each) 17 Temporary Parking Permit
$14
$2
Traffic
18 Citation Sign Off - Fix -It Ticket- No charge for Placentia Residents $18 Clearance Letter
19 Visa/Passport Clearance Letter $58
Vehicle Release Fee (Per Vehicle)
20 Vehicle Repossession Entry
21 Vehicle Release
a) Towed/ Stored (Non -DUI related) Impound Release
b) DUI Impound
$15 [a]
$224
$334
Records
22 Copies
a) Arrest Logs (per page)
b) Police Logs (per page)
c) Police Reports (per page)
d) Police Photos (per page)
e) Location Premise History Search (per page)
f) Digitial Media fee (each flash drive/ disc)
$0.60
$0.60
$0.60
$0.60
$0.60
$25
Facilties
23 Shooting Range Rental
a) Full Day (10 hours)
b) Half -day (5 hours)
c) Quarter -day (3 hours)
24 Emergency Operations Center (EOC)/ Training Room Rental (per hour) [a] Fee established by State of California.
$1,300
$650
$425
$100
229
Agenda Item No: 3.a
PLACENTIA CITY COUNCIL AGENDA REPORT
Meeting Date: April 15, 2025
Submitted by: Jennifer Lampman
From: Finance
Subject:
Annual Comprehensive Financial Report and Single Audit of Federally Assisted Grant Programs for the Period Ending June 30, 2024
Financial Impact:
Fiscal Impact:
No fiscal impact.
Summary:
The annual audit of the City's financial records has been completed by the City's audit firm, Clifton Allen Larson (CLA). Part of the audit contract includes working with Staff to complete the Annual Comprehensive Financial Report ("ACFR") and the Single Audit of Federally Assisted Grant Programs (Single Audit). The ACFR and the Single Audit were reviewed by the Financial Audit Oversight Committee ("FAOC") on April 7, 2025. The FAOC approved the report and recommended for the City Council to receive and file without any material modifications.
Recommendation:
Recommended Action: It is recommended that the City Council take the following actions to:
1. Receive and file the Annual Comprehensive Financial Report for the period ending June 30, 2024, as recommended by the Financial Audit Oversight Committee; and
2. Receive and file the Single Audit of Federally Assisted Grant Programs for the period ending June 30, 2024, as recommended by the Financial Audit Oversight Committee.
Strategic Plan Statement:
This action is not related to any Strategic Plan goal or objective.
Discussion:
Each year the City has an external audit performed by an independent auditing firm. At the conclusion of the audit process, the auditors and the City's Finance Department complete the Annual Comprehensive Financial Report (ACFR). As required by the Government Accounting Standards Board (GASB), the report's format includes standardized reporting information such as the Management Discussion and Analysis (MD&A), Required Supplementary Information, and Government -wide Financial Statements including the Statement of Net Position and Statement of Activities.
230
Also included in the report is the Independent Auditors' Report. In the opinion of the auditors (CLA), the financial statements are presented fairly in all material respects. The audit of the City's financial records was completed in accordance with generally accepted auditing standards applicable to financial audits contained in Government Audit Standards issued by the Government Accountability Office. The City received a "clean" or unmodified opinion for the audit this year with one material weakness noted. The weakness identified were misstatements that if not corrected, would cause the City's financial statements to be materially misstated. The misstatements included moving some capital projects from "construction in progress" into a non -depreciating "capital assets" category instead of depreciating asset category and inadvertently including the employee share of CaIPERS for pension related deferred inflow of resources when it should have just been the employer paid portion. All misstatements were corrected, and Finance has updated its year-end checklist to ensure these misstatements will not be repeated.
In addition to the ACFR, the auditors also prepared the Single Audit of Federally Assisted Grant Programs (Single Audit) after auditing the City's federally funded programs such as Community Development Block Grants (CDBG) and Coronavirus State and Local Fiscal Recovery funds. The auditors gave the City a clean, unmodified opinion for the Single Audit as well with no findings.
The ACFR and the Single Audit were presented to the Financial Audit Oversight Committee at its meeting on April 7, 2025, at which time the report was approved and recommended for the City Council to receive and file.
Fiscal Impact Summary:
There is no fiscal impact to the recommended action.
Attachments
City of Placentia Results Presentation FY 2024.pptx
FY 24 City of Placentia ACFR.pdf
FY23-24 Single Audit.pdf
FY 24 Final Signed Governance Communication.pdf
FY 24 Signed Internal Control Communication.pdf
231
We'll get you there.
CPAs I CONSULTANTS I WEALTH ADVISORS
City of Placentia, California
Audit Exit Presentation
Year ended June 30, 2024
©2024 CliftonLarsonAllen LLP. CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer.
Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC -registered investment advisor. 1 232
IP
Agenda
©2024 CliftonLarsonAllen LLP
Audit Scope
Audit Process
Audit Opinions and Results
Governance Communications
ACFR Highlights
Government -Wide
General Fund
Upcoming GASB Standards
coo
233
Audit Scope
Report on the
City's financial
statements
Required
governance
communications
letter
Report on internal
control over
financial reporting
and on compliance
and other matters
Report on
compliance for each
major federal
program, report on
internal control over
compliance, and
report on the
schedule of
expenditures of
federal awards
0 ©2024 CliftonLarsonAllen LLP ( Lam/(\
234
Audit Process
Override of internal
controls
IP
RISK -BASED APPROACH
Revenue recognition
Significant estimates
©2024 CliftonLarsonAllen LLP
235
AUDIT OPINIONS
Unmodified opinions
Federal av p iw,
Unmodified opinion on
compliance
©2024 CliftonLarsonAllen LLP
■rteall
i
■
AUDIT RESULTS
Fnandal statement
One material weakness noted —
Financial Close and Reporting
No significant deficiencies noted
Federal awards
No material weaknesses noted
No significant deficiencies noted
5 236
Governance Communications
0 Overal I
Accounting policy change — GASB 100
Audit standards change — SAS 143-145
No unusual transactions identified
Received management representation
letter dated February 28, 2025
Difficulties
None encountered
No disagreements
No consultations with other
accountants identified
©2024 CliftonLarsonAllen LLP
Most Sensitive Estimates
OPEB liability and related deferred
outflows/inflows of resources (Note 9)
Claims payable (Note 10)
Other
Uncorrected misstatements - Immaterial - 4
Corrected misstatements - Material - 5;
Immaterial - 1
Material weakness in internal control over
financial reporting— Financial close and
reporting
237
iiirillnill irmillibmimpo,
Governance Communications
NEW ACCOUNTING CHANGES
What changed
Governmental Accounting Standards Board (GASB) Statement No. 100, Accounting Changes and Error Corrections —An
Amendment to GAS aatement No. 62
Effective for reporting periods beginning after June 15, 2023 New requirements
Enhanced accounting and financial reporting for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability.
Impact
More time evaluating accounting changes and error corrections More changes to the financial statement presentation and note ed ©2024CIiftonLarsonAllenLLP disclosures
deD
238
Governance Communications
Uncorrected misstatements:
Interest receivable on Veterans Village promissory notes has not been recorded. As a result, interest receivable and an offsetting deferred inflow of resources — unavailable revenue are both understated by $110,727. (City Wide Developer Impact Fund and Housing Successor Special Revenue Fund) Interest income overstatement of $116,296. (General Fund) Understatement of revenue and overstatement of unavailable revenue for $22,381 for a receivable collected within the City's availability period (Opioid Settlement Fund).
Understatement of beginning net position of $51,172 for a vehicle purchase that was expensed in the prior year that should have been capitalized (Equipment Replacement Fund).
IP
©2024 CliftonLarsonAllen LLP
-coo
8 239
Governance Communications
Corrected misstatements:
Material:
Pension related deferred inflow of resources for government wide governmental activities was adjusted for an overstatement of approximately $1,467,000.
Approximately $6,150,000 of completed capital projects were moved from construction in progress to various capital assets being depreciated categories.
Cash and accounts payable were adjusted by approximately $461,000 to correct an overstatement in each account balance.
The net OPEB liability for the refuse fund was adjusted for an overstatement of approximately $419,000.
Other financing sources and capital outlay for the general fund were adjusted to correct an understatement in each account balance of approximately $1,299,000.
Immaterial:
Long-term debt for government wide governmental activities was adjusted for an overstatement of approximately $62,000.
0 ©2024 CliftonLarsonAllen LLP
coo
9 240
FY 23-24 ACFR Highlights
Government -wide Financial Statements
Government -wide net position was $88,565,622, an increase of $1,579,099 from the prior year.
Capital Assets Increased by $22.3 million
Total Liabilities Increased by $6.0 million
Net Pension Liability Increased by $3.7 million
Net OPEB Liability Decreased by $4.3 million
Unearned Revenues Decreased by $1.4 million
General Fund
Ending fund balance was $18,371,773, a decrease of $8,340,983 from the prior year
IP
©2024 CliftonLarsonAllen LLP
10 .iciPb
241
ACFR Highlights - General Fund Revenues
CP
FY 2023
Actual
FY2024
Actual
YTD
FY2024
Budget
Taxes
Intergovernmental
Licenses and Permits
Fines and Forfeitures
I Investment Income
Charges for Services
LLeases and Fonts
Miscellaneous
$44,429,339
8,640,895
2,643,941
$45,847,060
2,717,309
2,535,885
$45,274,180
4,380,950
2,851,000
FY2024
Actual to
Budget %
101%
62%
89%
I
457,065 548,960 465,000 118%
67,366
1,175, 860
600,000
196% J
1,364,054 1,441, 304 1,350,500 107%
1,572,445
i 1,677,641
1,061,000
158% I
1,385,763 1,125, 980 805,500 140%
I
Total $60,560,868
©2024 CliftonLarsonAllen LLP
$57,069,999
$56,788,130
100%
ll
coo
11 242
ACFR Highlights - General Fund Expenditures and Other
Financing Sources (Uses)
IP
FY 2023
Actual
FY2024
Actual
General Government
Public Safety
Public Works
Community Development
LCommunity Services
m
Capital Outlay
Debt Servi ce
Total Expenditures
Net Debt Proceeds
Net Transfers
Net Change in Fund Balance
©2024 CliftonLarsonAllen LLP
$15,748,766
$15,336,829
YTD
FY2024
Budget
FY2024
Actual to
Budget
$15,560,790
99%
16, 357,168 18, 491, 792 19, 044, 953 97%
4,100, 553
5,350,268
4,956,521
108%
1,718,087 1,809,970 1,824,507 99%
2,617,825
3,431,853
3,339,704
103% .ii
14,475,128 22,021,540 29,992,467 73%
2,690,838
57, 708, 365
2,598,299
69,040,551
1,588,047 2,017,510
(1,312,274)
$3,128,276
1,612,059
$3,629,569
1,671,000
155% 1
76, 396,142 90% 1
(5,522,409)
(29)%
$(25,130,421)
i
12 243
Upcoming GASB Standards
©2024 CliftonLarsonAllen LLP. CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC -registered investment advisor. 13 244
GASB 101 Compensated
Absences
Effective date
December 31, 2024
©2025 CliftonLarsonAllen LLP
Updated framework
• Revaluate leave policies
• Liability must include any
accumulated leave that is
unused or used but unpaid
• Footnote disclosures will
be enhanced
•
Examples indude
Sick leave not paid
at termination
Parental leave
Military leave and jury duty
that has commenced
-
CLA can help by
evaluating the standard
related to compensated
absences and assisting with
or evaluating in financial
statement disclosures
=dvb
245
GASB 102 Certain Risk
Disclosures
Effective date
June 30, 2025
©2025 CliftonLarsonAllen LLP
Increased footnote disdosures surrounding risk:
• Limitations on raising revenues
• Concentrations related to tax revenue or vendors
• Debt or mandated spending — especially unfunded mandates • Impact of major employer leaving the community
• Collective bargaining agreements
CLA can help by
assisting with or
evaluating financial
statement
disclosure updates
GASB 103 Financial
Reporting Module
Effective date
June 30, 2026
©2025 CliftonLarsonAllen LLP
Impactsfinancial statement presentation
Updated disclosure guidance for:
• MD&A consistency
• Clearer definition of unusual or infrequent items
• Presentation of proprietary fund statements
• Major component unit information
• Budgetary comparison information
CLA can help by
assisting with or
evaluating financial
statement
disclosure updates
• •
i
4/1 w
fir
•
•
•
247
GASB 104 — Disclosure of Certain
Capital Assets
Likely effective date
June 30, 2026
©2025 CliftonLarsonAllen LLP
Will clarify how
capital assets are
disclosed in financials:
• Capital assets held for sale
and related pledged debt
• Leased assets
• Subscription assets
• Right to use PPP assets
• Other intangible assets
•
C A can help by
assisting with or evaluating
financial statement
disclosure updates
248
Questions and Feedback
We appreciate the opportunity to serve you
and welcome any feedback relative to our
performance and to the engagement.
©2025 CliftonLarsonAllen LLP
EGvED
CITY OF PLACENTIA
ANNUAL
COMPREHENSIVE
FINANCIAL REPORT
FISCAL YEAR
2023-24
riot
CITY OF PLACENTIA
PLACENTIA, CALIFORNIA
ANNUAL COMPREHENSIVE FINANCIAL REPORT
YEAR ENDED JUNE 30, 2024
PREPARED BY THE FINANCE DEPARTMENT
OF THE CITY OF PLACENTIA
251
This page intentionally left blank
252
CITY OF PLACENTIA
TABLE OF CONTENTS
YEAR ENDED JUNE 30, 2024
INTRODUCTORY SECTION
LETTER OF TRANSMITTAL
CITYWIDE ORGANIZATION CHART
PRINCIPAL OFFICIALS
FINANCIAL SECTION
INDEPENDENT AUDITORS' REPORT
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
GOVERNMENT -WIDE FINANCIAL STATEMENTS
STATEMENT OF NET POSITION
STATEMENT OF ACTIVITIES
FUND FINANCIAL STATEMENTS
GOVERNMENTAL FUND FINANCIAL STATEMENTS
BALANCE SHEET
RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET
TO THE GOVERNMENT -WIDE STATEMENT OF NET POSITION
1 5
19 21
23 24
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES 25
RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF
REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE TO
THE GOVERNMENT -WIDE STATEMENT OF ACTIVITIES
PROPRIETARY FUNDS FINANCIAL STATEMENTS
26 STATEMENT OF NET POSITION 27
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET
POSITION
28 STATEMENT OF CASH FLOWS 29
253
CITY OF PLACENTIA
TABLE OF CONTENTS
YEAR ENDED JUNE 30, 2024
FIDUCIARY FUNDS FINANCIAL STATEMENTS
STATEMENT OF FIDUCIARY NET POSITION
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
NOTES TO BASIC FINANCIAL STATEMENTS
REQUIRED SUPPLEMENTARY INFORMATION (UNAUDITED)
BUDGETARY COMPARISON SCHEDULE - GENERAL FUND
31 32
33 91
BUDGETARY COMPARISON SCHEDULE - CITYWIDE DEVELOPMENT
IMPACT FEE SPECIAL REVENUE FUND 92
BUDGETARY COMPARISON SCHEDULE - PLACENTIA REGIONAL
NAVIGATION CENTER SPECIAL REVENUE FUND
NOTES TO BUDGETARY COMPARISON SCHEDULES
SCHEDULES OF THE CITY'S PROPORTIONATE SHARE OF THE NET
PENSION LIABILITIES AND RELATED RATIOS
SCHEDULES OF CITY'S PENSION CONTRIBUTIONS
SCHEDULE OF CHANGES IN NET OPEB LIABILITY AND RELATED
RATIOS
SCHEDULE OF CITY'S OPEB CONTRIBUTIONS
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND
BALANCE - BUDGET AND ACTUAL - DEBT SERVICE FUND (MAJOR
FUND)
SUPPLEMENTARY INFORMATION
NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES
93 94
95 97
99 100
101
106
111
254
CITY OF PLACENTIA
TABLE OF CONTENTS
YEAR ENDED JUNE 30, 2024
SCHEDULES OF REVENUE, EXPENDITURES, AND CHANGES IN FUND
BALANCE - BUDGET AND ACTUAL
MISCELLANEOUS GRANTS SPECIAL REVENUE FUND 116
STREET LIGHTING SPECIAL REVENUE FUND 117
MEASURE M SPECIAL REVENUE FUND 118
THOROUGHFARE CONSTRUCTION SPECIAL REVENUE FUND 119
ASSET SEIZURE SPECIAL REVENUE FUND 120
SUPPLEMENTAL LAW ENFORCEMENT SPECIAL REVENUE FUND 121
AIR QUALITY SPECIAL REVENUE FUND 122
LANDSCAPE MAINTENANCE DISTRICT 92-1 SPECIAL REVENUE FUND 123 HOUSING AND COMMUNITY DEVELOPMENT SPECIAL REVENUE FUND 124 GASOLINE TAX SPECIAL REVENUE FUND 125
PEG REVENUE FUND 126
SB1 RMRA GAS TAX SPECIAL REVENUE FUND 127
NORTH ORANGE COUNTY (NOC) PUBLIC SAFETY GRANT SPECIAL
REVENUE FUND 128
TOD IMPACT FEE SPECIAL REVENUE FUND 129
GENERAL PLAN UPDATE FEE SPECIAL REVENUE FUND 130
TECHNOLOGY IMPACT FEE SPECIAL REVENUE FUND 131
CAL RECYCLE GRANT SPECIAL REVENUE FUND 132
EFID SPECIAL REVENUE FUND 133
CITY CAPITAL PROJECTS FUND 134
GAS TAX DEBT SERVICE FUND 135
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF NET POSITION 136
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 137
255
CITY OF PLACENTIA
TABLE OF CONTENTS
YEAR ENDED JUNE 30, 2024
COMBINING STATEMENT OF CASH FLOWS
FIDUCIARY FUNDS - CUSTODIAL FUNDS
COMBINING STATEMENT OF ASSETS AND LIABILITIES
STATEMENT OF CHANGE IN FIDUCIARY NET POSITION
STATISTICAL SECTION
NET POSITION BY COMPONENT
CHANGES IN NET POSITION
FUND BALANCES OF GOVERNMENTAL FUNDS
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
REVENUES BY SOURCE - GENERAL FUND
ASSESSED VALUE OF TAXABLE PROPERTY
DIRECT AND OVERLAPPING PROPERTY TAX RATES
PRINCIPAL PROPERTY TAX PAYERS
PROPERTY TAX LEVIES AND COLLECTIONS
RATIO OF OUTSTANDING DEBT BY TYPE
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITY DEBT
LEGAL DEBT MARGIN INFORMATION
DEMOGRAPHIC AND ECONOMIC STATISTICS
TAXABLE SALES BY CATEGORY
BUDGETED FULL-TIME EMPLOYEES BY DEPARTMENT
OPERATING INDICATORS BY FUNCTION
CAPITAL ASSETS STATISTICS BY FUNCTION/PROGRAM
138
140
141
145
146
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
256
The People are the City
erifed
Mayor
KEVIN KIRWIN
Mayor Pro Tem
CHAD P. WANKE
Councilmembers:
JEREMY B. YAMAGUCHI
WARD L. SMITH
THOMAS HUMMER
February 28, 2025
PLACENTIA
ALL AMER..,
!
401 East Chapman Avenue - Placentia, California 92870
City Clerk:
ROBERT S. MCKINNELL
City Treasurer
KEVIN A. LARSON
Interim City Administrator
THOMAS HATCH
To the Honorable Mayor, Members of the City Council, and Citizens of Placentia:
It is our pleasure to present the Annual Comprehensive Financial Report (ACFR) of the City of Placentia for the fiscal year ended June 30, 2024. Responsibility for the accuracy of the data presented and the completeness and fairness of the presentation, including all disclosures, rests with the City. It is our opinion that the data is accurate in all material aspects, is presented in a manner designed to fairly set forth the financial position and results of the operations of the City and contains all disclosures necessary to enable the reader to gain an understanding of the City's financial affairs.
The financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) as promulgated by the Government Accounting Standards Board (GASB). This report consists of management's representations concerning the finances of the City of Placentia, California. Consequently, management assumes full responsibility for the completeness and reliability of all the information presented in this report. To provide a reasonable basis for making these representations, management of the City has established a comprehensive internal control framework that is designed both to protect the City's assets from loss, theft, or misuse and to compile sufficient and reliable information for the preparation of the City's financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the City's comprehensive framework of internal controls have been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects.
The City's financial statements have been audited by the Clifton Larson Allen, LLP., a public accounting firm fully licensed and qualified to perform audits of local governments within the State of California. The goal of the independent audit was to provide reasonable assurance that the financial statements of the City of Placentia, California for the fiscal year ended June 30, 2024, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditors concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the City of Placentia, California's financial statements for the fiscal year ended June 30, 2024, are fairly presented in conformity with GAAP. The independent auditor's report is presented as the first component of the financial section of this report.
GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis 257
(MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City of Placentia's MD&A can be found immediately following the report of the independent auditors in the financial section of the ACFR.
CITY PROFILE
The City of Placentia is located in north Orange County, in the heart of Southern California, with Los Angeles County to the north and San Diego County to the south. Orange County is the third largest county in California, trailing only Los Angeles and San Diego counties, and represents 8% of the state's population. There are currently 34 cities within the County. The City consists of approximately 6.7 square miles of land area and serves a population of 52,000.
The City was founded in 1910 and incorporated in 1926. It was home to major citrus growing companies. Under the City Charter adopted in 1965, the City government is organized in the Council -Administrator form. The City Council includes five (5) members, each of whom is elected at -large to overlapping four-year terms. In 2018, the City was divided into five districts with two of the districts electing a Councilmember in November of that year and the three remaining districts electing their Councilmembers in 2020. The City Council annually selects a Mayor and Mayor Pro Tem for a one-year term. The City Council serves as the legislative and policy -making body of the City government. The City Council appoints a City Administrator and a City Attorney.
The City Administrator is the City's chief executive officer and appoints all other City staff. The City Administrator is responsible for the daily administration of the City government and provides overall direction to all City departments. The City Clerk and City Treasurer are separately elected by the voters.
The City provides a full range of municipal services including police, fire and life safety, maintenance of streets and parks, community development (e.g., building, planning, code compliance), recreational and cultural activities, economic development, and administrative services (e.g., personnel, finance, information services). Refuse collection is franchised to a private waste company, Republic Services.
FINANCIAL POLICIES
Budget: The annual budget serves as the foundation for the City's financial planning and control.
The Finance Department, with City Administrator direction, develops revenue estimates and budget guidelines for each department every year in January. The departments then submit expenditure appropriation requests which are summarized by the Finance Department and presented to the City Administrator for review. The City Administrator then meets with each department and prepares a proposed budget document for presentation to the City Council.
The City's Charter requires that the City Administrator submit a proposed budget to the City Council at least 35 days prior to the start of each fiscal year. After the budget has been presented, it must be adopted by the City Council following a noticed public hearing. 258
The annual budget includes all the City's governmental and proprietary funds. The legal level of budgetary control is the fund level. The City Administrator has the discretion to transfer appropriations between departments within a fund but transfers between funds and additional appropriations and transfers must be approved by City Council.
General Fund Reserve Policy: The City's General Fund Reserve Policy provides guidance in the creation, maintenance, and use of reserves. The policy covers the allocation of new and one- time revenues to different committed reserves such as infrastructure, vehicles, and equipment reserve; post -employment benefits sustainability reserve; employee recruitment and retention reserve; and the General Fund contingency reserve. To ensure the availability of adequate reserves for potential contingencies or emergencies, the City Council established the City's General Fund Reserve Policy with a required general fund contingency reserve of 25% of annual General Fund operating expenditures. While the fund balance of the General Fund was approximately $18.4 million on June 30, 2024, the unassigned fund balance was approximately $14.8 million, a $5.1 million decrease from June 30, 2023. A relatively large portion of the current unrestricted fund balance is committed for the City's capital projects which includes street projects and for the continued construction of the public safety building.
Fees: In FY 2017-18, the Council adopted Citywide Development Impact and Residential Affordable Housing Impact Fees and updated its Comprehensive Fee Schedule following a comprehensive cost of services/user fee study in FY 2021-22. The fee schedule was proposed to be updated annually based upon consumer price index with another fee study to be conducted in the fifth year. Both the Citywide Development Impact Fees and the Comprehensive Fee Schedule will be updated FY 2024-25.
FACTORS AFFECTING THE CITY'S ECONOMIC CONDITION
Local Economy: Placentia's economic outlook is promising. Taxes represent seventy-three percent (73%) of the City's total General Fund operating revenue and primarily include property taxes, sales and use taxes (including Measure U), utility users tax, franchise fees, and other taxes.
Tax revenues, exclusive of sales tax, for FY 2023-24 generally slightly exceeded budget and are expected to meet budgeted amounts for FY 2024-25. Sales tax receipts were lower than originally budgeted due to the closure of several sales tax producing retail outlets, and the FY 2024-25 budget reflects these losses and/or any delays in leasing those spaces.
LONG-TERM FINANCIAL PLANNING
Pension Unfunded Accrued Liability: On November 12, 2020, the City of Placentia issued lease revenue bonds through the Placentia Public Financing Authority taking advantage of the historic low interest rate environment. This bond issuance funded 100% of the City's CaIPERS unfunded actuarial liability (UAL) for the miscellaneous and safety plans. Upon issuance of the bonds, the City paid approximately $43.8 million to CaIPERS for deposit to the CaIPERS payment fund.
This transaction will provide $14.3 million in savings over the term of the bonds and over $600,000 annually during the first 15 years. Due to CaIPERS rates of returns in FY 2022-23 being lower than their assumed discount rate of 6.8%, the City faced an unfunded actuarial liability 259
(UAL) in FY 2023-24 of approximately $446,000 in addition to the debt service relating to the lease revenue bonds.
Post Employment Benefits: The City's General Fund Reserve Policy includes provisions to set - aside 10% of ongoing new revenue and 10% of one-time new revenue for unfunded liabilities. In addition, when the General Fund reaches its minimum fund balance of 25%, an additional 10% of one-time new revenue will be allocated toward funding this liability for a total of 20% annually.
DEVELOPMENT INITIATIVES
Enhanced Infrastructure Financing District: In response to the elimination of redevelopment agencies the California Senate Bill 628, effective January 1, 2015, and California Assembly Bill 313, effective January 1, 2016, authorized the formation of an Enhanced Infrastructure Financing District ("EIFD"), which is intended to succeed the former Redevelopment financing mechanism and provide more flexibility than Infrastructure Financing Districts ("IFDs"). An EIFD is a governmental entity, separate and distinct from the city or county that establishes it and is governed by a Public Financing Authority ("PFA"). EIFDs can aid local government entities in funding public capital facilities, or other specified projects of communitywide significance, primarily by capturing tax increment revenue ("TI") generated within the district. EIFDs provide an opportunity for agencies to issue bonds for an array of public infrastructure projects as well as supporting economic development efforts in specific areas.
At the April 23, 2019 Orange County Board of Supervisors meeting, the Board Members approved a partnership to participate in an EIFD with the City of Placentia. This is one of four EIFDs established in California, and the first EIFD in the State of California to involve a partnership between a city and county for improved infrastructure.
The City of Placentia and the Southern California Association of Governments (SCAG) worked on a comprehensive plan for the establishment of an EIFD in Placentia. Under this plan, the County would contribute 46% of its share of property tax increment within the boundary of the District, which would amount to approximately $3.5 million over 20 years, or $175,000 annually. The City's contribution would be 50% of its property taxes generated in the District, or about $8.2 million over two decades. The total partnership between the County and the City would amount to $11.7 million to make the necessary infrastructure improvements to the Old Town Placentia area. This includes public infrastructure improvements near the proposed Metrolink Station, Placentia Old Town area, and the Transit -Oriented Development District near the 57 and 91 freeways. With this unique City -County partnership, the City will be able to produce over 1,600 new units of housing, create 3,900 construction jobs, and over 1,100 permanent jobs at full build - out.
Transit -Oriented Development: The City has been given a unique opportunity with the future development of a new state-of-the-art Metrolink train station and 246 -space parking structure within the Old Town Placentia area. The proposed station will help transform the Packing House District (near Melrose Street and Crowther Avenue) into an active, vibrant destination. Transit - Oriented Development (TOD) is a type of community development that includes a mixture of housing, office, retail, and/or other amenities integrated into a walkable neighborhood and 260
located within a half -mile of a public transportation stop. It will also support existing retail and restaurant business while growing the City's local economy.
Based on an economic development analysis conducted by Kosmont Associates, the public and private investments in the future TOD and Old Town Revitalization Plan (OTP) areas are expected at build -out to generate up to $540 million in local economic output and $800 million in Countywide economic output. Upon completion, the TOD and OTP areas are estimated to generate approximately $92 million annually in local economic output. Additionally, the proposed District areas would assist with reconstructing streets and street improvements, utilizing non -General Fund resources. In total, construction of the TOD and Old Town District is estimated to generate approximately 3,900 construction jobs and 1,100 permanent jobs.
Placentia's Old Town is a 33 -acre area located in the southern and western portions of the City, north of a section of the Burlington Northern Santa Fe (BNSF) railroad. To take advantage of the upcoming Metrolink station and parking structure developments scheduled to begin construction at a future, unknown date, the Old Town Placentia Revitalization Plan was adopted by the City Council in July 2017. The plan's primary goal is to create a vibrant, safe, and pedestrian friendly area that respects the community's historical and cultural diversity, while also creating new opportunities for development and investment into the area. This comprehensive plan incorporates well- designed private and public physical improvements and amenities.
Based on the Plan's expectation of 853,000 square feet of new improvements at build -out, the Old Town Revitalization Plan is expected to generate $217 million of private development activity, development impact fees of $8.3 million and additional annual tax revenues for the City of $900,000. In addition, 1,057 construction jobs and 823 of new on -site permanent jobs are anticipated as a result ofthe Plan.
As mentioned previously, to expedite these improvements in Old Town Placentia, the City partnered with the County of Orange to establish an EIFD near the City's future Metrolink Station, including the Old Town Placentia area and TOD Packing House District. The purpose of this district is to create a funding mechanism that can facilitate the construction of public infrastructure improvements in this area. A portion of the property tax increment (the amount above the property taxes collected in base year 2019) that the City and the County of Orange receive would be specifically restricted to pay for the infrastructure projects listed in the Infrastructure Financing Plan (IFP) at an estimated cost of $8.2 million. These infrastructure improvements include street improvements, pedestrian connectivity, and landscaping and lighting upgrades.
The EIFD does not result in new taxes or fees to the property owners in the EIFD boundaries or the City's residents.
Commercial/Residential Development: One of the last remaining undeveloped parcels within the City of Placentia, located at the southeast corner of Alta Vista Street and Rose Drive, is an
8.45 -acre parcel within the East Placentia Specific Plan (SP -7). Approved in July 2018, SC Placentia Development, LP, is slated to develop a 2 -acre parcel located at the southeast corner of Alta Vista Street and Rose Drive with two single -story retail commercial buildings with a cumulative building size of approximately 10,420 square feet, with the remainder of the site to be developed for single-family residential uses (54 detached residences on approximately 6.46 -acres). 261
SC Placentia Development has partnered with Shea Homes to construct 54 homes. As of June 30 2024 phases 1-5 have been completed. It is anticipated that construction for the commercial portion of the project to commence in 2025.
JPI Luxury Apartments is the second development in the City's Transit -Oriented Development (TOD) Zone. The project site comprises seven adjacent properties located between 505-551 W.
Crowther Avenue, directly east of Tyler Lighting on the north side of Crowther Avenue. This particular development features 418 residential units and is a mixed- use development, featuring approximately 10,500 square feet of retail -commercial space on the ground floor accessible from Crowther Avenue. As of June 30, 2024 construction is complete and leasing of apartments is ongoing with many residents already residing in the property, and leasing of retail space is underway.
Toffoli Investments and Landsea Homes will be constructing a 139 -unit residential townhome development called "Hudson." Hudson will be located at 443 S. Van Buren Street and will consist of 22 separate three-story buildings. Six floor plans are proposed consisting of 25 one -bedroom units, 52 two -bedroom units, and 62 three -bedroom units. The unit types will measure between 762 square feet and 1,349 square feet in overall floor area and feature an attached one or two - car garage per unit. Hudson amenities will include a tot lot, barbeques, fire pits, bike racks, a dog run, and more. As of June 30, 2024 construction of most of the buildings is complete, including the model homes. Home sales are underway for the remaining buildings.
Buy Local Incentive Programs
Residential Vehicle Rebate Program: Placentia residents purchasing or leasing a new vehicle from Fairway Ford or Audi North OC are eligible to receive a $500 rebate with proof of residency as part of the Buy Local Incentive Program. The Resident Vehicle Rebate Program will expire on April 30, 2025.
Acknowledgments
The preparation of this report could not have been accomplished without the efficient and dedicated service of the entire Finance Department. Special recognition is also given to the audit firm of the Clifton Larson Allen, LLP. We also wish to recognize the commitment of the City Council to the high standards embodied in this report and express appreciation to them and each City department for their cooperation and support in conducting the fiscal operations of the City.
Respectfully submitted,
Jen`iifer Lampman Thomas Hatch
Director of Finance Interim City Administrator
/Ow
262
CITYWIDE ORGANIZATION CHART
Citizens
City Treasurer
City Council
City Clerk
City Attorney
City Administrator
Commissions/
Committees
Deputy CA
Support Svcs, Policy &
Emergency Services
Administration
Human
Resources/IT
Finance
Emergency
Services
Legislative Affairs &
Economic
Development
Public Relations &
Marketing
Deputy CA
Public Services, Fire &
Infrastructure
Fire
CIP/Engineering
Development
Services
Public Works
Community
Services
vii
263
CITY OF PLACENTIA
PRINCIPAL OFFICIALS
JUNE 30, 2024
CITY COUNCIL
Kevin Kirwin
Chad P. Wanke
Thomas Hummer
Ward L. Smith
Jeremy B. Yamaguchi
Robert S. McKinnell
Kevin A. Larson
Thomas Hatch
Christian L. Bettenhausen
Jennifer Lampman
Rosanna Ramirez
Lydie Gutfeld
Joseph M. Lambert
Chris Tanio
Brad Butts
Jason Dobine
Mayor
Mayor Pro Tempore
Councilmember
Councilmember
Councilmember
CITY OFFICIALS
City Clerk
City Treasurer
Interim City Administrator
City Attorney
Director of Finance
Director of Administrative Services
Director of Community Services
Director of Development Services
Director of Public Works
Police Chief
Fire Chief
viii
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FINANCIAL SECTION
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267
CliftonLarsonAllen LLP
CLAconnect.com
INDEPENDENT AUDITORS' REPORT
Honorable Mayor and Members of the City Council
City of Placentia
Placentia, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business - type activities, each major fund, and the aggregate remaining fund information of the City of Placentia (the City), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City's basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City as of June 30, 2024, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Giou, CLAglobal.com/disclaimer (1)
268
Honorable Mayor and Members of the City Council
City of Placentia
Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City's ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditors' Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS and Government Auditing Standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of City's internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about City's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
(2)
269
Honorable Mayor and Members of the City Council
City of Placentia
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, the Budgetary Comparison Schedules - General and Major Special Revenue Funds, the schedules of the City's proportionate share of the net pension liabilities and related ratios and the schedules of plan contributions for the City's pension plans, the schedule of changes in the net other post -employment benefit (OPEB) liability and related ratios, and the schedule of OPEB plan contributions, identified as Required Supplementary Information (RSI) in the accompanying table of contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the RSI in accordance with GAAS, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the RSI because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City's basic financial statements. The individual fund schedules and combining financial statements are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the individual fund schedules and combining financial statements are fairly stated, in all material respects, in relation to the basic financial statements as a whole.
Other Information
Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditors' report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.
In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. (3)
270
Honorable Mayor and Members of the City Council
City of Placentia
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated February 28, 2025, on our consideration of the City's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering City's internal control over financial reporting and compliance.
CliftonLarsonAllen LLP
Irvine, California
February 28, 2025
(4)
271
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
This discussion and analysis section of the City of Placentia's ("City") annual comprehensive financial report provides a narrative overview of the City's financial activities for the fiscal year ended June 30, 2024. This information should be read in conjunction with the basic financial statements and the notes which accompany the basic financial statements.
FINANCIAL HIGHLIGHTS
• The City's net position equaled $88.6 million on June 30, 2024. Net position is the amount by which total assets and deferred outflow of resources exceed total liabilities and deferred inflows of resources. The net position from governmental activities on June 30, 2024, was approximately $74.2 million and from business -type activities, $14.4 million. • The City's overall net position increased by approximately $1.6 million during the fiscal year, compared to the net position on June 30, 2023. The net position from governmental activities decreased by $4.4 million while the net position from business -type activities increased by approximately $6 million. Governmental activities net position decreased primarily due to an increase in debt service for new Motorola equipment and the 2023 Lease Revenue Bond used to finance the construction of the new Public Safety building. Business -type activities net position increased primarily due to a General Fund contribution to the Sewer Fund of $5.9 million related to Old Town sewer rehab and TOD/Crowther sewer projects.
OVERVIEW OF THE FINANCIAL STATEMENTS
The City's basic financial statements are presented in three parts:
1. Government -Wide Financial Statements
2. Fund Financial Statements
3. Notes to the Financial Statements
This section of the management's discussion and analysis is intended to introduce and explain the basic financial statements. The report also includes supplementary information which is intended to furnish additional detail to support the basic financial statements themselves.
Government -Wide Financial Statements
The government -wide financial statements are designed to give the reader a picture of the City from the economic resources' measurement focus using the accrual basis of accounting. This broad overview is like the financial reporting used in private -sector business. The government -wide financial statements present governmental activities and business -type activities separately. Governmental activities of the City include general government (legislative, administration, City Council, human resources, and finance), public safety (police and Fire and Life Safety), public works, community development, and community services. The City's business -type activities include refuse and sewer maintenance.
Governmental activities are primarily supported by taxes, charges for services, and grants, while business -type activities are self-supporting through user fees and charges. (5)
272
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
The Statement of Net Position presents financial information on all the City's assets, deferred inflows and outflows of resources, and liabilities with the difference between these categories reported as net position. Over time, increases or decreases in net position may be one indicator of improvement or deterioration in the City's overall financial health.
The focus of the Statement of Activities is to present the major program costs with corresponding major resources. To the extent a program's cost is not recovered by direct charges and grants, it is funded from general taxes and other resources. This statement assists the user in determining the extent to which programs are self-supporting and/or subsidized by general revenues. All activity on this statement is reported on the accrual basis of accounting, which requires that revenues be reported when earned and expenses be reported when incurred, regardless of when cash is received or disbursed.
Fund Financial Statements
A fund is a fiscal and accounting entity with a self -balancing set of accounts used to account for specific activities or meet certain objectives. Funds are often set up in accordance with special regulations, restrictions, or limitations. The City, like other state and local governments, uses fund accounting to ensure and show compliance with finance -related legal requirements. The City's funds are divided into three categories: governmental funds, proprietary funds, and fiduciary funds. • Governmental Funds
Governmental funds are used to account for the governmental activities reported in government -wide financial statements. Most of the City's basic services are included in the governmental funds. The basis of accounting is different between the governmental fund statements and the government -wide financial statements.
The governmental funds focus on near -term revenues/financial resources and expenditures, while the government -wide financial statements include both near -term and long-term revenues/financial resources and expenses. The information in the governmental fund statements can be used to evaluate the City's near -term financing requirements and immediate fiscal health. Comparing the governmental fund statements with the government -wide financial statements can help the reader better understand the long-term impact of the City's financing decisions. To assist in this comparison, reconciliations between the governmental fund statements and the government -wide financial statements are included with the governmental fund balance sheet and the governmental fund statements of revenues, expenditures, and changes in fund balances.
(6)
273
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
• Proprietary Funds
The City maintains two different types of proprietary funds: enterprise and internal service funds.
Enterprise funds are used to report the same functions presented as business -type activities in the government -wide financial statements. The City uses enterprise funds to account for refuse and sewer services.
Internal service funds are used to accumulate and allocate costs internally among the City's various functions. The internal service funds primarily benefit the governmental activities and, therefore, the internal service fund information has been included with the governmental activities in the government -wide financial statements.
Proprietary funds provide the same type of information as the government -wide financial statements, only in more detail. The proprietary funds financial statements provide separate information for each of the two business -type activities individually, but combined information for the City's three internal service funds. In the Supplementary Information section of this report, information for each of the three internal service funds is provided. • Fiduciary Funds
Fiduciary funds account for assets held by the City in a trustee capacity or as an agent for individuals, private organizations, other governments, or other funds.
Fiduciary funds are not included in the government -wide financial statements because their assets are not available to support the City's activities.
Notes to the Financial Statements
The notes to the financial statements provide additional information that is important to obtain a full understanding of the data in the government -wide and fund financial statements. The notes are located immediately following the basic financial statements.
Other Information
In addition to the basic financial statement and accompanying notes, this report also presents certain required supplementary information. Required supplementary information may be found immediately following the notes to the financial statements. The combining statements for other governmental funds, the individual fund schedules, the internal service fund statements, and agency -type fiduciary fund schedules are presented immediately following the required supplementary information. (7)
274
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
GOVERNMENT -WIDE FINANCIAL ANALYSIS
Statement of Net Position
Statement of Net Position
Assets:
Cash and Investments
Other Assets
Capital Assets
Total Assets
Deferred Outflows of
Resources
Liabilities
Current Liabilities
Long -Term Liabilities
Total Liabilities
Governmental Activities
Business -Type Activities Total
2024 2023 2024 2023
2024 2023
$ 34,155,584 $38,182,514 $ 2,719,521 $1,778,578 $ 36,875,105 $ 39,961,092 37,938,186 42,866,148 212,976 214,152 38,151,162 43,080,300 135,430,593 118,450,405 12,470,619 7,166,223 147,901,212 125,616,628 207,524,363 199,499,067 15,403,116 9,158,953 222,927,479 208,658,020 13,060,378 18,139,862 391,435 678,259 13,451,813 18,818,121 16,004,625 15,401,307 462,236 393,716 16,466,861 15,795,023 92,362,502 86,871,991 580,755 680,187 92,943,257 87,552,178 108, 367,127 102,273,298 1,042,991 1,073,903 109,410,118 103,347,201 Deferred Inflows of
Resources 38,017,644 36,790,463 385,908 351,954 38,403,552 37,142,417 Net Position
Net Investment in Capital Assets 114,776,612 103,757,453 12,470,619 7,166,223 127,247,231 110,923,676 Restricted 21, 767,364 18, 360,789 21,767, 364 18,360, 789 Unrestricted (62,344,006) (43,543,074) 1,895,033 1,245,132 (60,448,973) (42,297,942) Total Net Position $ 74,199,970 $ 78,575,168 $ 14,365,652 $ 8,411,355 $ 88,565,622 $ 86,986,523 The City's net position provides a valuable indicator of its overall financial health. As of June 30, 2024, the City's combined net position —encompassing both governmental and business -type activities — stood at $88.6 million, marking an increase of $1.6 million from the previous year.
Net position is categorized into three segments: net investment in capital assets, restricted, and unrestricted. The largest portion, representing approximately $127.2 million as of June 30, 2024, reflects the City's investment in capital assets, which include land, buildings, machinery, equipment, and infrastructure. These assets are essential for providing services to the public, but they cannot be used to fund the City's operational activities.
Restricted net position totaled $21.8 million as of June 30, 2024, showing a $3.4 million increase primarily due to an increase in debt service obligations. These restricted resources are subject to external limitations on their use.
The remaining unrestricted net position, however, stood at a negative $60.4 million. The negative unrestricted net position indicates that the City has more liabilities than available resources to cover day-to-day operations. This could lead to liquidity issues as the City lacks sufficient flexible funds to manage unexpected costs without depending on restricted funds or taking on additional debt. (8)
275
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
Change in Net Position
The following is a summary of activities for the years ended June 30, 2024 and 2023:
Change in Net Position
Revenues:
Program Revenues:
Charges for Services
Operating Contributions and
Grants
Capital Contributions and
Grants
General Revenues:
Taxes
Investment Income
Miscellaneous
Total Revenues
Expenses:
General Government
Public Safety
Public Works
Community Development
Community Services
Interest
Refuse
Sewer Maintenance
Total Expenses
Change in Net Position
Before Transfers
Transfers
Change in Net Position
Net Position - Beginning of Year
Net Position - End of Year
Governmental Activities
2024 2023
Business -Type Activities Total
2024 2023
2024 2023
$ 7,072,927 $6,940,710 $ 6,324,092 $5,731,079 $ 13,397,019 $ 12,671,789 9,936,713 15,642,625 - - 9,936,713 15,642,625
1,938,279 5,024,953 - - 1,938,279 5,024,953
45,901,213 44,499,687
1,900,697 377,738
281,897 2,544,611
67,031,726 75,030,324
44,933 18,644
6,369,025 5,749,723
45,901,213 44,499,687
1,945,630 396,382
281,897 2,544,611
73,400, 751 80, 780, 047
17,490,713 19,220,385 17,490,713 19,220,385
27,470,712 39,862,578 - - 27,470,712 39,862,578
10, 729,394 11,631,983 10,729, 394 11,631, 983
2,563,283 2,425,348 - - 2,563,283 2,425,348
4,253,514 3,755,053 4,253,514 3,755,053
2,959,601 2,372,525 - - 2,959,601 2,372,525
4,887,578 4,340,551 4,887,578 4,340,551
1,466,857 2,533,043 1,466,857 2,533,043
65,467,217 79,267,872 6,354,435 6,873,594 71,821,652 86,141,466 1,564,509 (4,237,548) 14,590 (1,123,871) 1,579,099 (5,361,419) (5,939,707) 5,939,707
(4,375,198) (4,237,548) 5,954,297 (1,123,871) 1,579,099 (5,361,419) 78,575,168 82,812,716 8,411,355 9,535,226 86,986,523 92,347,942 $ 74,199,970 $ 78,575,168 $ 14,365,652 $ 8,411,355 $ 88,565,622 $ 86,986,523 (9)
276
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
The following is a summary of activities for the years ending June 30, 2024, and 2023:
Governmental Activities:
Overall, governmental activities led to a decrease in the City's net position by $4.4 million. Several factors contributed to this decline, including a reduction in operating and capital grants, as well as a significant 89% decrease in miscellaneous revenues.
Revenues:
Total revenue from governmental activities for the year amounted to $67 million. Although there were variations across different revenue categories, the overall decrease was $7.3 million, or 9.14%, compared to the previous year.
The following chart illustrates the percentage breakdown of revenue generated by governmental activities:
REVENUE SOURCES
GOVERNMENTAL ACTIVITIES
FISCAL YEAR ENDED JUNE 30, 2024
Investment Income, _
2.84%
Taxes, 68.48%
Miscellaneous,
0.42%
_Charges For Services,
10.55%
Operating
Contributions &
Grants, 14.82%
Capital Contribution
& Grants, 2.89%
As shown in the chart, tax revenue constitutes the largest portion of the City's revenue from governmental activities. This fiscal year, tax revenue saw an increase of $1.4 million, or 3.2%. Of this increase, property taxes accounted for $1.9 million, driven by growth in current year -secured property taxes, property tax VLF, pass -through property taxes, residual property taxes, and various miscellaneous property taxes.
Capital Contributions and Grants saw a decrease of $3.1 million, primarily due to a significant reduction in development impact fees and a decrease in reimbursements from CalTrans. (10)
277
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
Investment income, on the other hand, surged by approximately $1.5 million, or 403%, compared to the previous fiscal year. This increase is largely attributed to a reversal in the market value adjustment of investments in Time Value Investments (TVI). These revenue increases helped offset declines in sales taxes, intergovernmental revenues, licenses and permits, and fines and forfeitures.
Expenses
Total expenses from governmental activities amounted to approximately $65.5 million, reflecting a decrease of $13.8 million, or 17.4%, compared to the prior year. A significant portion of this decrease can be attributed to a much lower pension expense.
The following chart illustrates the percentage breakdown of expenses related to governmental activities:
FUNCTIONAL EXPENSES
GOVERNMENTAL ACTIVITIES
FISCAL YEAR ENDED JUNE 30, 2024
Public Works, 16.39%
Public Safety,
41.96%
Community
Development, 3.92%
Community Services,
6.50%
Interest Expense,
4.52%
General Government,
26.72%
278
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
Business -Type Activities:
2024 2023
Operating Revenues
Operating Expenses
Operating Income (Loss)
Nonoperating Income
Income Before Capital Contributions
Capital Contributions
Change in Net Position
$ 6,324,092 $5,731,079
6,354,435 6,873,594
(30,343) (1,142,515)
44,933 18,644
14,590 (1,123,871)
5,939,707
$ 5,954,297 $ (1,123,871)
The business -type activities encompass the City's refuse and sewer system operations. Total operating revenues for these activities amounted to approximately $6.3 million, while operating expenses were $6.4 million, resulting in a net operating deficit of approximately $30,000.
Refuse
The City of Placentia contracts with Republic Services to provide weekly waste collection services for residential, multi -family, and commercial properties. In fiscal year 2023-24, the refuse operation experienced an operating deficit of $74,698, representing an increase of $17,000 compared to the previous year. While operating revenues grew by 12.4%, this was offset by a 12.6% increase in operating expenses. The rise in expenses was primarily driven by higher disposal costs, which resulted from an increase in the number of residential units serviced.
Sewer
The City operates and maintains 84 miles of gravity sanitary sewer pipelines that serve the majority of parcels within the 6.6 square mile city limits. Operations, maintenance, and repair activities include sewer line cleaning, root removal, manhole maintenance and repair, sewer line video inspection, and sewer lateral maintenance, repair, and replacement.
In fiscal year 2023-24, the sewer system operation generated income of $44,355, a significant improvement compared to a loss of $1.1 million in the previous year. While there was minimal change in operating revenues, expenses related to a GASB 68 pension adjustment decreased between 2023 and 2024, allowing the sewer fund to recognize income in 2024. Additionally, the sewer fund received a $5.9 million contribution from the General Fund for the construction of a TOD sewer line that was paid for using ARPA funds. The ARPA funds were initially deposited in the General Fund but transferred to the Sewer Fund after completion of the project to better account for accounting of sewer line work in the appropriate fund.
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279
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
FINANCIAL ANALYSIS OF THE CITY'S MAJOR FUNDS
The City uses fund accounting to ensure and demonstrate compliance with finance -related legal requirements.
Governmental Funds
The focus of the City's governmental funds is to provide information on near -term inflows, outflows, and balances of spendable resources. This information is valuable in assessing the City's financing needs.
In particular, the assigned and unassigned fund balances serve as key indicators of the government's net resources available for spending at the end of the fiscal year. The unassigned fund balance represents the portion of the fund balance that has not been committed for a specific purpose by an external party, the City Council, or anyone authorized to allocate resources. As of the end of the current fiscal year, the City's governmental funds reported a combined ending fund balance of $33.5 million, reflecting a decrease of $8.2 million compared to the prior year.
Components of Fund Balance
Fiscal Year Ended June 30, 2024
(Governmental Funds)
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$-
$20,760,096
$898,953
Nonspendable
Re stricte a
$10,814,651
$1,03b,2sbU
i
Committe _ Unassignec
The total fund balance includes $898,953 in non -spendable fund balance, which consists of long-term loans receivable, inventories of supplies, prepaid expenditures, and prepaid items. These resources cannot be used to finance operating expenditures.
The restricted fund balance of $20.8 million represents resources that can only be spent for specific purposes due to constraints imposed either (1) externally by creditors (such as debt covenants), grantors, or laws and regulations of other governments, or (2) by law through constitutional provisions or enabling legislation. This reflects an approximate increase of $2.4 million compared to the previous year, primarily due to an increase in cash held with a fiscal agent within the Public Financing Authority, resulting from the issuance of the 2023 Lease Revenue Bonds. (13)
280
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
The City Council, the City's highest level of decision -making authority, may commit fund balance for specific purposes pursuant to constraints imposed by formal actions taken, such as an ordinance or resolution. These committed amounts are classified as committed fund balance. As of June 30, 2024, the City has committed $1.04 million from Measure U Funds for the continuation of infrastructure projects and other capital projects.
Assigned fund balance represents funds that are constrained by the City's intent to use them for specific purposes. As of June 30, 2024, the City had no assigned fund balance.
Unassigned fund balance represents the portion of the fund balance that does not fall into any of the other four fund balance categories and has no specific spending limitations. As of June 30, 2024, the unassigned fund balance for all governmental funds combined is $10.8 million. This includes $14.8 million in unassigned fund balance in the General Fund, offset by combined unassigned deficits totaling $4 million across several funds, including the Navigation Center Fund, Miscellaneous Grants Fund, LMD 92-1 Fund, Housing and Community Development Fund, Gasoline Tax Fund, Sewer Construction Fund, City Capital Projects Fund, and the Sewer Construction Fund.
The governmental fund deficits were primarily due to unearned revenues, expenditures incurred in advance of reimbursements that were unavailable or not received by fiscal year-end, and negative fund balances carried over from the previous year, which were offset by positive net changes throughout the current fiscal year.
General Fund:
The General Fund is the primary operating fund of the City. As of June 30, 2024, the total fund balance of the General Fund was $18.4 million, compared to $26.7 million on June 30, 2023, reflecting a decrease of $8.3 million. This change was primarily due to an increase in expenses.
Revenue
The General Fund is the primary operating fund of the City. As of June 30, 2024, the total fund balance of the General Fund was $18.4 million, compared to $26.7 million on June 30, 2023, reflecting a decrease of $8.3 million. This change was primarily due to an increase in expenses.
Expenditures
General Fund expenditures as of June 30, 2024, amounted to $69 million, up from $57.7 million the previous year, representing an increase of $11.3 million, or 19.64%. The increase in expenditures was primarily driven by higher capital outlays, public works costs, and public safety expenses. Capital outlay experienced the largest increase due to ongoing construction for the public safety building and continued infrastructure work. Public Works saw higher costs for salaries, department contract services, and professional services related to traffic signal maintenance. Public Safety's increased expenses were mainly due to higher salary costs.
Public Safety
Public safety expenditures increased by $2.1 million, primarily due to higher salaries and benefits. This increase was driven by newly signed memorandums of understanding that included one-time payments to employees.
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281
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
Public Works
Public works expenditures saw a net increase of $1.3 million, largely due to higher salaries and benefits. Additionally, the City contracted for plan check services to meet the engineering plan check demand for private development projects in a timely manner, which contributed to increased costs. A notable rise in the repair and maintenance of city vehicles and equipment also played a significant role in the overall increase in public works expenses.
Capital Outlay
Capital outlay increased by $7.5 million, or 52.13%, compared to the prior year. This increase was primarily due to the construction of the public safety building, which saw more work completed than in the previous year.
Proprietary Funds
The City maintains proprietary funds for sewer maintenance and refuse operations. At the end of the fiscal year, the combined net position of these two funds totaled $14.4 million, reflecting an increase of $6 million. The sewer maintenance fund had a net position of $14.2 million, of which $12.5 million is invested in capital assets. A key factor in the increase in net position for the proprietary funds was the contribution of a sewer line from the General Fund to the Sewer Fund.
In fiscal year 2023-24, the Refuse Fund reported a positive net position of $147,521, a decrease of $64,901 compared to the previous year. While the Refuse Fund experienced an increase in revenue from sales and service charges, this was offset by higher landfill and contractor charges due to an increase in units serviced.
The combined internal service funds had a negative net position of $1.3 million as of June 30, 2024, compared to a negative net position of $1.4 million on June 30, 2023. The change in net position for 2024 was $132,324, a significant decrease from the $1.5 million change in net position in 2023. The lower change in net position was primarily due to an increase in claims and liability insurance premiums.
GENERAL FUND BUDGETARY HIGHLIGHTS
During the year, adjustments were made to the estimated revenues and appropriations in the General Fund to more accurately reflect actual amounts received and expended. It is standard practice for the City to conduct a comprehensive analysis of estimated revenues and appropriations at the end of the first six months of the fiscal year. In accordance with City policy, any increases to the total General Fund appropriations for the year must be approved by the City Council.
The adopted General Fund budget for fiscal year 2023-24, including transfers from other funds, was nearly $49.8 million. This budget was later increased through amendments totaling $13.4 million, resulting in a final budget of $63.2 million. Actual revenues for the year totaled $59.7 million, with the largest negative budget variance of $4.9 million occurring in Capital Projects Revenue. This variance is primarily due to a project being funded with bond proceeds, which are recorded on a reimbursement basis. Additionally, the City experienced a negative impact from sales tax revenues, as forecasts indicated a slowdown in spending, resulting in a $1 million reduction from the adopted budget. (15)
282
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
The adopted General Fund expenditure budget for fiscal year 2023-24 was $52.3 million. However, the City Council approved amendments that increased appropriations by $19.7 million, resulting in a final amended budget of $72.0 million. The largest increases were allocated to Capital Outlay, which includes improvements to the City's streets, fire station, parks, and the purchase of machinery and equipment. In fiscal year 2023-24, the City issued bonds and used fund balance to construct a new Public Safety building, which will house facilities for storing and processing evidence, provide a new Emergency Operations Center, and support a new Public Safety Communications Center.
During the fiscal year, the City experienced a significant increase in costs across various areas. In response, the City issued a stop spending order in April 2024, limiting purchases to essential items.
Despite these measures, the increased costs led to a negative operating budget of approximately $816,621. With the fund balance committed for the construction of the new Public Safety building, the City ended the fiscal year with an estimated reduction in fund balance of $6.5 million.
CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets
The City's capital assets, net of accumulated depreciation, for its governmental and business -type activities as of June 30, 2024, totaled $147.9 million, marking an increase of approximately $22.3 million, or 20.77%, from the prior year. Capital assets encompass land, buildings, infrastructure, and equipment.
Governmental activities saw an increase of $17 million, net of accumulated depreciation. This growth was primarily driven by the completion of street network projects, such as previously uncapitalized roadway rehabilitation projects, as well as the completion of improvements to the Transit Oriented Development (TOD) sewer project. Additionally, construction in progress (CIP) activity rose due to the ongoing construction of the public safety building, which has yet to be completed.
Total business -type capital assets, net of accumulated depreciation, also increased during the fiscal year, largely due to the contribution of a sewer line from the General Fund to the Sewer Fund. After accounting for depreciation, the net increase in capital assets for business -type activities was $5.3 million.
CAPITAL ASSETS
Land
Land - Right of Way
Trees
Construction in Progress
Structures and Improvements
Right -to -Use Lease Land
Right -to -Use Lease Equipment
Subscription Assets
Equipment
Land Improvements
Infrastructure:
Streets Network
Streets Appurtenances
Storm Drains
Governmental Activities
2024 2023
Business -Type Activities Total
2024 2023
$ 26,118,971 $26,118,971 $
1,008,822 1,008,822
3,196,564 3,114,540
26,554,604 24,107,558
16, 823, 769 12, 059, 077
228,303 380,505
758,743 597,417
2,141,596 2,181,848
6,568,336 6,961,004
37,380 43,176
41,221,385 31,203,613
8,598,144 8,498,752
2,173,976 2,175,122
2024 2023
$ $ 26,118,971 $ 26,118,971
1,008, 822 1,008, 822
3,196,564 3,114,540
26,554,604 24,107,558
12,440,432 7,123,820 29,264,201 19,182,897
228,303 380,505
758,743 597,417
2,141,596 2,181,848
30,187 42,403 6,598,523 7,003,407
37,380 43,176
41,221,385 31,203,613
8,598,144 8,498,752
2,173,976 2,175,122
Total $ 135.430.593 $ 118.450.405 $ 12.470.619 $ 7.166.223 $ 147.901,212 $ 125.616,628 For further detailed information see Note 5, Capital Assets.
Debt Administration
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283
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
As of June 30, 2024, the City's long-term debt totaled approximately $99 million, reflecting an increase of $6.2 million from the prior year. While there was a decrease in other post -employment liabilities and existing debt, the issuance of the 2023 lease revenue bond and the acquisition of Motorola equipment for the new public safety building offset these reductions.
LONG-TERM LIABILITIES
Radios Loan
Fire Lease #1 Loan
Fire Lease #2 Loan
Easement Loan
Vehicles Loan
OCTA Advance
Fire UAL Payoff Loan
Motorola Equipment
2002 Loan Payable (2003 COP)
2021 Installment Sale Agreement
2020A Lease Revenue Bond
2023 Lease Revenue Bond
Unamortized Bond Premium
Leases Payable
Subscription Liability
Claims Payable
Compensated Absences
Other Postemployment Benefit
Pension Liabilities
Total
Governmental Activities
2024 2023
Business -Type Activities Total
2024 2023
2024 2023
$ 362,479 $515,597 $ - $ - $ 362,479 $ 515,597
2,096,314 2,445,454 2,096,314 2,445,454
1,098,741 1,281,976 1,098,741 1,281,976
222,672 284,411 - - 222,672 284,411
96,530 124,631 96,530 124,631
714,982 1,144,278 - - 714,982 1,144,278
344,932 714,261 344,932 714,261
1,197,159 - - - 1,197,159 1,331,266 1,752,697 1,331,266 1,752, 697 2,293,000 2,651,000 - - 2,293,000 2,651,000
48,530,000 50,390,000 - - 48,530,000 50,390,000
9,190,000 9,190, 000
352,179 - - - 352,179 -
998,122 987,563 998,122 987,563
1,859,215 1,849,671 - - 1,859,215 1,849,671
3,820,916 4,051,344 3,820,916 4,051,344
2,928,780 2,511,619 31,632 45,575 2,960,412 2,557,194
13,621,646 17,803,729 377,671 511,032 13,999,317 18,314,761 7,985,498 4,337,200 172,847 126,102 8,158,345 4,463,302 $ 99.044.431 $ 92.845.431 $ 582,150 $ 682.709 $ 99.626,581 $ 93.528,140 For further detailed information see Note 6, Long -Term Liabilities.
NEXT YEAR'S BUDGET, TAX RATES, AND FEE LEVELS
The fiscal year 2024-25 General Fund operating budget was adopted with a projected deficit of $495,811, driven by an estimated 4.1% reduction in revenue and a 12.2% increase in debt service costs.
General Fund revenues and transfers from other funds are currently estimated at $49.5 million for fiscal year 2024-25, which is in line with the actual revenues for fiscal year 2023-24. The adopted fiscal year 2023-24 General Fund budget includes $44.0 million in appropriations for expenditures (excluding CIP expenditures) and transfers to other funds. The City made efforts to limit any increases in expenditures to essential services or necessary contract increases.
Through this approach, the City was able to reduce expenditures by $2.5 million compared to the fiscal year 2023-24 actuals. The approved staffing for fiscal year 2024-25 includes 200 full-time positions, 4 unfunded over -hires, and 76 elected and appointed personnel. As in previous years, contracts for services across all departments were carefully reviewed during budget development. In cases where contracts offered no potential cost savings or where a higher level of service could be provided for the same or lower cost, contract personnel were replaced by City employees. (17)
284
CITY OF PLACENTIA
MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED)
YEAR ENDED JUNE 30, 2024
REQUESTS FOR INFORMATION
This financial report is designed to provide a general overview of the City's finances for all those with an interest in the government's finances. If you have questions concerning any of the information provided in this report or need additional financial information, please contact the City's Finance Department at the City of Placentia, 401 East Chapman Avenue, Placentia, California 92870, call (714) 993-8237 or visit our website at www.placentia.orc
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285
BASIC FINANCIAL STATEMENTS
286
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287
GOVERNMENT -WIDE FINANCIAL STATEMENTS
288
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289
CITY OF PLACENTIA
STATEMENT OF NET POSITION
JUNE 30, 2024
Primary Government
ASSETS
Current Assets:
Cash and Investments
Receivables, Net of Allowance:
Accounts
Taxes
Grants
Interest
Loans
Leases
Prepaid Items
Inventory
Total Current Assets
Noncurrent Assets:
Land Held for Resale
Leases Receivable
Restricted Assets:
Cash and Investments with Fiscal Agent
Pension Stability Fund
Capital Assets - Nondepreciable
Capital Assets - Depreciable/Amortizable, Net
Total Noncurrent Assets
Governmental Business -Type
Activities Activities
$ 26,259,171
3,820,864
3,739,833
684,648
427,783
2,278,937
574,218
92,599
21,542
37,899,595
1,036,760
23,617,420
7,896,413
1,643,582
56,878,961
78,551,632
169,624,768
Total Assets 207,524,363
DEFERRED OUTFLOWS OF RESOURCES
Deferred Charges on Refunding
Deferred Outflows of Resources Related
to Pensions
Deferred Outflows of Resources Related
to OPEB
Total Deferred Outflows of Resources
See accompanying Notes to Basic Financial Statements.
$ 2,719,521
173,517
39,459
Total
$ 28,978,692
3,994,381
3,779,292
684,648
427,783
2,278,937
574,218
92,599
21,542
2,932,497 40,832,092
12,470,619
12,470,619 182,095,387
1,036,760
23,617,420
7,896,413
1,643,582
56,878,961
91,022,251
15,403,116 222,927,479
204,818 - 204,818
9,549,115 299,761 9,848,876
3,306,445 91,674 3,398,119
13,060,378
391,435 13,451,813
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290
CITY OF PLACENTIA
STATEMENT OF NET POSITION (CONTINUED)
JUNE 30, 2024
Primary Government
LIABILITIES
Current Liabilities:
Accounts Payable
Accrued Payroll and Benefits
Deposits Payable
Retentions Payable
Accrued Interest Payable
Unearned Revenues
Long -Term Debt Due Within One Year
Claims Payable Due Within One Year
Compensated Absences Due Within One Year
Total Current Liabilities
Noncurrent Liabilities
Long -Term Debt Due in More Than One Year
Claims Payable Due in More Than One Year
Compensated Absences Due in More Than
One Year
Net OPEB Liability
Aggregate Net Pension Liabilities
Total Noncurrent Liabilities
Governmental Business -Type
Activities Activities
Total
$ 5,619,735 $ 400,163 $ 6,019,898
453,421 60,678 514,099
1,288,179 - 1,288,179
983,982 - 983,982
404,671 - 404,671
572,708 - 572,708
5,601,384 - 5,601,384
941,479 - 941,479
139,066 1,395 140,461
16,004,625
65,086,207
2,879,437
2,789,714
13,621,646
7,985,498
92,362,502
Total Liabilities 108,367,127
DEFERRED INFLOWS OF RESOURCES
Leases Related
Deferred Pension - Related Items
Deferred OPEB - Related Items
Total Deferred Inflows of Resources
NET POSITION
Net Investment in Capital Assets
Restricted for:
Public Safety
Public Works
Community Development
Community Services
Debt Service
Transportation
Park Development
Street Maintenance
Air Quality
Affordable Housing
Pension Stability
Total Restricted
Unrestricted (Deficit)
23,645,721
2,655,776
11,716,147
38,017,644
114,776,612
1,685,245
1,536,762
4,818,640
425,909
8,100,913
617,869
20,903
517,279
312,566
2,087,696
1,643,582
21,767,364
(62,344,006)
462,236 16,466,861
30,237
377,671
172,847
65,086,207
2,879,437
2,819,951
13,999,317
8,158,345
580,755 92,943,257
1,042,991 109,410,118
- 23,645,721
61,067 2,716,843
324,841 12,040,988
385,908 38,403,552
12,470,619 127,247,231
1,895,033
1,685,245
1,536,762
4,818,640
425,909
8,100,913
617,869
20,903
517,279
312,566
2,087,696
1,643,582
21,767,364
(60,448,973)
Total Net Position $ 74,199,970 $ 14,365,652 $ 88,565,622 See accompanying Notes to Basic Financial Statements.
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291
CITY OF PLACENTIA
STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2024
Net Revenue (Expense)
Program Revenues and Changes in Net Positions
Capital Grants
Charges for Operating Grants and Governmental Business -Type Functions/Programs Expenses Services and Contributions Contributions Activities Activities
PRIMARY GOVERNMENT
Governmental Activities:
General Government
Public Safety
Public Works
Community Development
Community Services
Interest
Total Governmental Activities
Business -Type Activities:
Refuse
Sewer Maintenance
Total Business -Type Activities
Total Primary Government
$ 17,490,713 $ 3,298,251 $ 853,203 $ $ (13,339,259) $
27,470,712 913,475 3,904,485 - (22,652,752)
10,729,394 855,554 4,365,953 1,938,279 (3,569,608)
2,563,283 1,508,909 813,072 - (241,302)
4,253,514 496,738 - (3,756,776)
2,959,601 - (2,959,601)
65,467,217 7,072,927 9,936,713 1,938,279 (46,519,298)
4,887,578 4,812,880
1,466,857 1,511,212
6,354,435 6,324,092
Total
- $ (13,339,259)
(22,652,752)
(3,569,608)
(241,302)
(3,756,776)
(2,959,601)
(74,698)
44,355
(30,343) (30,343)
(46,519,298)
(74,698)
44,355
$ 71,821,652 $ 13,397,019 $ 9,936,713 $ 1,938,279 (46,519,298) (30,343) (46,549,641) See accompanying Notes to Basic Financial Statements.
GENERAL REVENUES
Taxes:
Property Taxes 20,760,635 20,760,635
Sales Taxes 16,869,472 16,869,472
Utility Users Tax 3,048,378 - 3,048,378
Franchise Taxes 3,076,341 3,076,341
Transient Occupancy Taxes 1,761,962 1,761,962
Real Property Transfer Taxes 378,327 378,327
Other Taxes 6,098 6,098
Investment Earnings 1,900,697 44,933 1,945,630
Miscellaneous 281,897 - 281,897
Total General Revenues 48,083,807 44,933 48,128,740
TRANSFERS
Transfers
CHANGES IN NET POSITION
Net Position - Beginning of Year
NET POSITION - END OF YEAR
(21)
(5,939,707) 5,939,707
(4,375,198) 5,954,297 1,579,099
78,575,168 8,411,355 86,986,523
$ 74,199,970 $ 14,365,652 $ 88,565,622
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293
FUND FINANCIAL STATEMENTS
294
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295
GOVERNMENTAL FUND FINANCIAL STATEMENTS
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CITY OF PLACENTIA
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2024
Major Funds
Placentia
Citywide Regional
Development Navigation
Impact Fee Center Other
General Special Special Debt Govemmental
Fund Revenue Fund Revenue Fund Service Fund Funds Total ASSETS
Cash and Investments
Receivables:
Accounts
Taxes
Grants
Accrued Interest
Loans and Notes
Leases
Prepaid Items
Due from Other Funds
Inventories
Land Held for Resale
Restricted Assets:
Cash and Investments with
Fiscal Agents
Pension Stability Fund
$ 13,291,471 $ 2,506,909 $ - $ 180,241 $ 7,808,317 $ 23,786,938 855,457 1,842,872
3,739,833
427,739
1,165,124
24,184,793
88,009
3,427,498
21,542
509,148
3,281
1,090,416 3,788,745
3,739,833
684,648 684,648
44 427,783
604,665 2,278,937
6,845 24,191,638
91,290
3,427,498
21,542
1,036,760 1,036,760
7,896,413 7,896,413
1,643,582 1,643,582
Total Assets $ 48,845,048 $ 3,019,338 $ 1,842,872 $ 8,076,654 $ 11,231,695 $ 73,015,607
LIABILITIES, DEFERRED
INFLOWS OF RESOURCES,
AND FUND BALANCES
LIABILITIES
Accounts Payable
Accrued Payroll and Benefits
Deposits Payable
Retentions Payable
Due to Other Funds
Unearned Revenue
Total Liabilities
DEFERRED INFLOWS OF
RESOURCES
Leases
Unavailable Revenues
Total Deferred Inflows of
Resources
FUND BALANCES
Nonspendable
Restricted
Committed
Unassigned (Deficit)
Total Fund Balances
Total Liabilities, Deferred
Inflows of Resources,
and Fund Balances
$ 4,485,943 $ 128,325 $ 141,169 $
394,510 - 14,661
1,163,011 - -
755,116 2,803 -
2,472,828
11,000 - -
6,809,580 131,128 2,628,658
23,635,480 - -
28,215 509,148 1,842,872
23,663,695 509,148 1,842,872
63,135
63,135
$ 798,094 $ 5,553,531
27,446 436,617
125,168 1,288,179
226,063 983,982
891,535 3,427,498
561,708 572,708
2,630,014 12,262,515
10,241 23,645,721
1,216,576 3,596,811
1,226,817 27,242,532
895,672 3,281 898,953
1,643,582 2,375,781 - 8,013,519 8,727,214 20,760,096
1,036,860 - - 1,036,860
14,795,659 - (2,628,658) (1,352,350) 10,814,651
18,371,773 2,379,062 (2,628,658) 8,013,519 7,374,864 33,510,560 $ 48,845,048 $ 3,019,338 $ 1,842,872 $ 8,076,654 $ 11,231,695 $ 73,015,607 See accompanying Notes to Basic Financial Statements.
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298
CITY OF PLACENTIA
RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET TO THE
GOVERNMENT -WIDE STATEMENT OF NET POSITION
JUNE 30, 2024
Total Fund Balances - Governmental Funds
Amounts reported for governmental activities in the statement of net position were reported differently because:
Capital assets used in governmental activities were not current financial resources. Therefore, they were not reported in the governmental funds balance sheet.
Nondepreciable
Depreciable and Amortizable
The loss incurred by the City resulting from the refunding of long-term liabilities are recorded as deferred outflows of resources and amortized over the remaining service life, equal to the lesser of the remaining bond -years on the refunded debt or the bond years on the refunding debt.
Revenue reported as unavailable revenue in the governmental funds when it is not received soon enough after year-end to be considered available. The availability criteria does not apply to the government -wide financial statements and, therefore, the revenue is recognized when eligibility requirements are met and earned.
Interest payable on long-term debt does not require current financial resources. Therefore, interest payable is not reported as a liability in the governmental funds.
Long-term liabilities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities, both current and long-term, are reported in the statement of net position:
Financed Purchases
OCTA Advance
Compensated Absences
Loans Payable
Bonds Payable
Leases Payable
Subscription Liability
Net pension liabilities and the related deferred outflows of resources and deferred inflows of resources are not due and payable in the current period or not available for current expenditures and are not reported in the governmental fund financial statements:
Pension Related Deferred Outflows of Resources
Aggregate Net Pension Liabilities
Pension Related Deferred Inflows of Resources
Net OPEB liabilities and the related deferred outflows of resources and deferred inflows of resources are not due and payable in the current period or not available for current expenditures and are not reported in the governmental fund financial statements:
OPEB Related Deferred Outflows of Resources
Net OPEB Liability
OPEB Related Deferred Inflows of Resources
Internal Service Funds were used by management to charge the costs of certain activities, such as insurance and equipment replacement to individual funds. The assets and liabilities of the Internal Service Funds were included in the governmental activities in the government -wide statement of net position.
Net Position of Governmental Activities as Reported on the Statement of Net Position See accompanying Notes to Basic Financial Statements.
$ 33,510,560
56,878,961
78,454,091
135,333,052
204,818
3,596,811
(404,671)
(3,876,736)
(714,982)
(2,928,780)
(5,166,357)
(58,072,179)
(998,122)
(1,859,215)
(73,616,371)
9,549,115
(7,985,498)
(2,655,776)
3,306,445
(13,621,646)
(11,716,147)
(1,300,722)
$ 74,199,970
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299
CITY OF PLACENTIA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2024
REVENUES
Taxes
Intergovernmental
Licenses and Permits
Fines and Forfeitures
Investment Earnings
Charges for Services
Leases and Rents
Contributions
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Community Development
Community Services
Capital Outlay
Debt Service:
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
REVENUES OVER (UNDER)
EXPENDITURES
OTHER FINANCING SOURCES
(USES)
Issuance of Debt
Bond Premium
Payment to Refunding Bond
Escrow Agent
Transfers In
Transfers Out
Total Other Financing
Sources (Uses)
NET CHANGE IN FUND
BALANCES
Fund Balance - Beginning, as
Originally Reported
Change Within Financial Reporting
Entity (Nonmajor to Major Fund)
Fund Balance - Beginning, as
Adjusted
Major Funds
Placentia
Citywide Regional
Development Navigation
Impact Fee Center Other
General Special Special Debt Governmental
Fund Revenue Fund Revenue Fund Service Fund Funds
Total
$ 45,847,060 $ $ - $ $ - $ 45,847,060
2,717,309 1,287,053 5,699,320 9,703,682
2,535,885 - - - 2,535,885
548,960 - - 90,578 639,538
1,175,860 72,851 479,186 172,600 1,900,497
1,441,304 - 1,004,300 2,445,604
1,677,641 - 4,126 1,681, 767
355,903 - - 355,903
1,125,980 2,785 207,331 1,336,096
57,069,999 431,539 1,287,053 479,186 7,178,255 66,446,032 15,336,829 - - 2,499 153,962 15,493,290
18,491,792 95,820 2,126,486 319,783 21,033,881
5,350,268 - - 1,384,312 6,734,580
1,809,970 638,415 2,448,385
3,431,853 - - 8,915 3,440,768
22,021,540 2,431,563 153,300 4,635,910 29,242,313
2,366,341 - 1,860,000 787,296 5,013,637
231,958 2,459,972 92,685 2,784,615
69,040,551 2,527,383 2,279,786 4,322,471 8,021,278 86,191,469 (11,970,552)
2,017,510
6,108,943
4,496,884)
(2,095,844) (992,733) (3,843,285) (843,023) (19,745,437) 9,190,000 11,207,510
352,179 352,179
4,083,700 816,934
(5,922,784) (589,909)
3,629,569 7,703,095
11,009,577
11,009,577)
227,025 11,559,689
(8,340,983) (2,095,844) (992,733) 3,859,810 (615,998) (8,185,748) 26,712,756 4,474,906
4,153,709
6,354,937 41,696,308
(1,635,925) 1,635,925
26,712,756 4,474,906 (1,635,925) 4,153,709 7,990,862 41,696,308
FUND BALANCES - END OF
YEAR $ 18,371,773 $ 2,379,062 $ (2,628,658) $ 8,013,519 $ 7,374,864 $ 33,510,560 See accompanying Notes to Basic Financial Statements.
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300
CITY OF PLACENTIA
RECONCILIATION OF THE GOVERNMENTAL FUNDS STATEMENT OF REVENUES,
EXPENDITURES, AND CHANGES IN FUND BALANCE TO THE
GOVERNMENT -WIDE STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2024
Net Change in Fund Balances - Total Governmental Funds
Governmental activities in the Statement of Activities were reported differently because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in governmental funds.
Capital Outlay
Depreciation and Amortization
Net Effect on Disposal of Capital Assets
Contribution of Asset to the Sewer Fund
Amortization of the deferred charges on refunding is recognized as interest expense in the statement of activities.
Net change in revenues that was considered unavailable in the governmental funds. These items have been reported as revenue in the statement of activities.
Proceeds from the issuance of long-term debt is not a revenue in the statement of activities, but is reported as a liability on the government -wide statement of net position.
Principal repayment on long-term debt is not an expense in the statement of activities, but is considered an expenditure in governmental funds.
Long -Term Debt
Financed Purchases
OCTA Advance
Interest accrued on long-term debt is reported in the Statement of Activities, but does not require the use of current financial resources. Therefore, accrued interest is not reported as an expenditure in governmental funds. This amount represents the change in accrued interest from the prior year.
Compensated absences were reported in the government -wide statement of activities, but they did not require the use of current financial resources. Therefore, compensated absences were not reported as expenditures in the governmental funds.
Certain OPEB expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.
Certain pension expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.
Internal Service Funds are used by management to charge the costs of certain activities, such as insurance and equipment replacement, to individual funds. The net revenue of the Internal Service Funds is reported in governmental activities.
Change in Net Position of Governmental Activities as Reported in the Statement of Activities See accompanying Notes to Basic Financial Statements.
$ (8,185,748)
29,310,625
(6,236,943)
(251,328)
(5,939,707)
16,882,647
(50,358)
527,782
(11,559,689)
3,439,679
1,144,662
429,296
5,013,637
(174,986)
(417,161)
2,371,863
(8,915,509)
132,324
$ (4,375,198)
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301
PROPRIETARY FUND FINANCIAL STATEMENTS
302
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303
CITY OF PLACENTIA
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
JUNE 30, 2024
ASSETS
Current Assets:
Cash and Investments
Receivables:
Accounts
Taxes
Prepaids
Total Current Assets
Noncurrent Assets:
Capital Assets, Net of Accumulated Depreciation
Total Noncurrent Assets
Total Assets
DEFERRED OUTFLOWS OF RESOURCES
Deferred Outflows of Resources Related to Pensions
Deferred Outflows of Resources Related to OPEB
Total Deferred Outflows of Resources
LIABILITIES
Current Liabilities:
Accounts Payable
Accrued Payroll and Benefits
Compensated Absences - Due Within One Year
Claims And Judgments - Due Within One Year
Total Current Liabilities
Noncurrent Liabilities:
Compensated Absences - Due in More Than One Year
Claims And Judgments - Due in More Than One Year
Total OPEB Liability
Aggregate Net Pension Liabilities
Total Noncurrent Liabilities
Total Liabilities
DEFERRED INFLOW OF RESOURCES
Deferred Inflows of Resources Related to Pensions
Deferred Inflows of Resources Related to OPEB
Total Deferred Inflows of Resources
NET POSITION
Investment in Capital Assets
Unrestricted (Deficit)
Major Enterprise Funds
Refuse
Sewer
Maintenance
Business -Type Governmental
Activities Activities
Total
Internal
Service Funds
$ 728,193 $ 1,991,328 $ 2,719,521 $ 2,472,233
28,857 144,660 173,517 32,119
39,459 - 39,459 -
- - 1,309
796,509 2,135,988 2,932,497 2,505,661
12,470,619 12,470,619 97,541
12,470,619 12,470,619 97,541
796,509 14, 606, 607 15,403,116
122,608 177,153 299,761
38,598 53,076 91,674
161,206 230,229 391,435
2,603,202
381,799 18,364 400,163 66,204
24,620 36,058 60,678 16,804
543 852 1,395 -
- - - 941,479
406,962 55,274 462,236 1,024,487
11,774 18,463 30,237
159,013 218,658 377,671
70,698 102,149 172,847
241,485 339,270 580,755
648,447 394,544 1,042,991
24,977 36,090 61,067
136,770 188,071 324,841
161,747 224,161 385,908
2,879,437
2,879,437
3,903,924
12,470,619 12,470,619 97,541
147,521 1,747,512 1,895,033 (1,398,263)
Total Net Position $ 147,521 $ 14,218,131 $ 14,365,652 $ (1,300,722) See accompanying Notes to Basic Financial Statements.
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304
CITY OF PLACENTIA
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2024
OPERATING REVENUES
Reimbursements
Sales and Service Charges
Other Revenues
Total Operating Revenues
OPERATING EXPENSES
Administration
Reinsurance Premiums
Claims
Medical and Dental Premiums
Liability Insurance Premiums
Maintenance
Landfill and Contractor Charges
Depreciation Expense
Total Operating Expenses
OPERATING INCOME (LOSS)
NONOPERATING INCOME (LOSS)
Investment Earnings
Gain on Disposal of Capital Assets
Total Nonoperating Income
Business -Type Activities
Sewer
Refuse Maintenance
Total
Governmental
Activities
Internal
Service
$ 40,147 $ - $ 40,147 $ 663,454
4,772,733 1,511,212 6,283,945 3,346,549
95,488
4,812,880 1,511,212
643,896
4,243,682
6,324,092 4,105,491
341,784 985,680
489,762
635,311
4,887,578 1,466,857
489,762
4,243,682
635,311
240,666
187,603
815,101
990,260
1,757,073
40,376
6,354,435 4,031,079
(74,698) 44,355 (30,343) 74,412
9,797
35,136 44,933
- 57,912
9,797 35,136
44,933 57,912
NET INCOME (LOSS) BEFORE CAPITAL CONTRIBUTIONS (64,901) 79,491 14,590 132,324 Capital Contributions - 5,939,707 5,939,707
CHANGES IN NET POSITION (64,901) 6,019,198 5,954,297 132,324 Net Position - Beginning of Year 212,422 8,198,933 8,411,355 (1,433,046) NET POSITION - END OF YEAR $ 147,521 $ 14,218,131 $ 14,365,652 $ (1,300,722) See accompanying Notes to Basic Financial Statements.
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305
CITY OF PLACENTIA
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Cash Received from Customers and Users
Cash Paid to Suppliers for Goods and Services
Cash Paid to Employees for Services
Cash Paid for Insurance Claims
Net Cash Provided (Used) by Operating Activities
CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES
Payment Made on Interfund Borrowing
Net Cash Provided (Used) by Noncapital Financing
Activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES
Proceeds from Sale of Capital Assets
Net Cash Provided (Used) by Capital and Related
Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest Received
Net Cash Provided (Used) by Investing Activities
Business -Type Activities
Sewer
Refuse Maintenance
$ 4,808,699
(4,217,164)
(532,845)
58,690
9,797
9,797
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS 68,487
Cash and Cash Equivalents - Beginning of Year
CASH AND CASH EQUIVALENTS - END OF YEAR
CASH AND CASH EQUIVALENTS
Cash and Investments
Total Cash and Cash Equivalents
See accompanying Notes to Basic Financial Statements.
$ 1,516,569
(487,026)
(192,223)
837,320
35,136
35,136
872,456
659,706 1,118,872
Total
Governmental
Activities
Internal
Service
$ 6,325,268 $ 4,073,482
(4,704,190) (3,365,298)
(725,068)
896,010
44,933
44,933
940,943
1,778,578
(815,101)
(106,917)
(38,322)
(38,322)
57,912
57,912
(87,327)
2,697,477
$ 728,193 $ 1,991,328 $ 2,719,521 $ 2,610,150
$ 728,193 $ 1,991,328 $ 2,719,521 $ 2,472,233
$ 728,193 $ 1,991,328 $ 2,719,521 $ 2,472,233
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306
CITY OF PLACENTIA
STATEMENT OF CASH FLOWS (CONTINUED)
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2024
RECONCILIATION OF OPERATING INCOME (LOSS) TO
NET CASH PROVIDED (USED) BR OPERATING ACTIVITIES
Operating Income (Loss)
Adjustments to Reconcile Operating (Loss) to
Net Cash Provided (Used) by Operating Activities:
Depreciation
Changes in Assets and Liabilities:
(Increase) Decrease in Accounts Receivables
(Increase) Decrease in Taxes Receivables
(Increase) Decrease in Prepaids
(Increase) Decrease in Deferred Outflows of
Resources Related to Pension
(Increase) Decrease in Deferred Outflows of
Resources Related to OPEB
Increase (Decrease) in Accounts Payable
Increase (Decrease) in Accrued Liabilities
Increase (Decrease) in Compensated Absences
Increase (Decrease) in Claims Payable
Increase (Decrease) in Net Pension Liabilities
Increase (Decrease) in Net OPEB Liabilities
Increase (Decrease) in Deferred Inflows of
Resources Related to Pension
Increase (Decrease) in Deferred Inflows of
Resources Related to OPEB
Net Cash Provided (Used) by Operating Activities
See accompanying Notes to Basic Financial Statements.
Business -Type Activities
Sewer
Refuse Maintenance
Total
Governmental
Activities
Internal
Service
$ (74,698) $ 44,355 $ (30,343) $ 74,412
635,311 635,311 40,376
(2,963) 5,357 2,394 (32,010)
(1,218) (1,218) -
- 57,198
82,473 136,535 219,008
26,797 41,019 67,816
26,518 2,736 29,254
17,776 22,617 40,393
(3,799) (10,144) (13,943)
20,846 25,899 46,745
(50,523) (82,838) (133,361)
23,777 34,256 58,033
(6,296) (17,783) (24,079)
(33,264)
16,799
(230,428)
$ 58,690 $ 837,320 $ 896,010 $ (106,917)
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307
FIDUCIARY FUND FINANCIAL STATEMENTS
308
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309
CITY OF PLACENTIA
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
JUNE 30, 2024
RDA
Successor Custodial
Agency Funds
ASSETS
Pooled Cash and Investments
Receivables:
Miscellaneous
Restricted Assets:
Cash and Investments with Fiscal Agents
Total Assets
LIABILITIES
Accounts Payable
Accrued Liability
Accrued Interest
Long -Term Liabilities:
Due in One Year
Due in More Than One Year
Total Liabilities
NET POSITION (DEFICIT)
Restricted for Individuals, Organizations, and Other
Governments
$ 646,146 $ 414,293
707,003
1,453
1,353,149 415,746
1,419
11,419
136,938
1,074,003
8,511,214
9,734,993 255
241
14 (8,381,844) 415,491
Total Net Position (Deficit) $ (8,381,844) $ 415,491
See accompanying Notes to Basic Financial Statements.
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310
CITY OF PLACENTIA
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FIDUCIARY FUNDS
YEAR ENDED JUNE 30, 2024
RDA
Successor Custodial
Agency Funds
ADDITIONS
Property Taxes
Charges for Services
Investment Earnings
Total Additions
DEDUCTIONS
Program Costs
Administrative Expenses
Interest Expense
Administrative Expenses
Total Deductions
CHANGE IN NET POSITION
Net Position (Deficit) - Beginning of Year
NET POSITION (DEFICIT) - END OF YEAR
See accompanying Notes to Basic Financial Statements.
$ 1,415,353 $
17,449
219,017
6,453
1,432,802 225,470
31,714
95,974
326,904
- 8,440
454,592 8,440
978,210 217,030
(9,360,054) 198,461
$ '8,381,844) $ 415,491
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311
NOTES TO BASIC FINANCIAL STATEMENTS
312
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313
CITY OF PLACENTIA
INDEX TO THE NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
Page
Note 1 — Summary of Significant Accounting Policies 35
A. Financial Reporting Entity 35
B. Basis of Accounting and Measurement Focus 36
C. Implementation of New Accounting Pronouncement 39
D. Cash and Investments 39
E. Fair Value Measurement 40
F. Property Taxes Receivable 40
G. Prepaid Items 40
H. Inventories 41
I. Capital Assets 41
J. Leases 42
K. Subscription -Based Information Technology Arrangements (SBITAs) 42 L. Unearned and Unavailable Revenue 43
M. Compensated Absences Payable 43
N. Claims Payable 43
O. Pensions 43
P. Other Postemployment Benefits (OPEB) 44
Q. Long -Term Obligations 44
R. Net Position 44
S. Fund Balances 44
T. Spending Policy 45
U. Use of Estimates 46
Note 2 — Cash and Investments 46
A. Demand Deposits 47
B. Investments Authorized by the California Government Code and the City's Investment Policy 48
C. Investments Authorized by Debt Agreements 49
D. Fair Value Measurement 49
E. Risk Disclosures 50
F. Investment in Local Agency Investment Fund (LAIF) 51 G. California Asset Management Program (CAMP) 52
Note 3 — Interfund Transactions 53
A. Due From/To Other Funds 53
B. Transfers 53
Note 4 — Long -Term Receivables 54
A. Loans Receivable 54
B. Leases Receivable 56
Note 5 — Capital Assets 57
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314
CITY OF PLACENTIA
INDEX TO THE NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED) JUNE 30, 2024
Page
Note 6 — Long -Term Liabilities 59
A. Governmental Activities 59
B. Business -Type Activities 68
C. Fiduciary Activities 68
Note 7 — Deferred Compensation Plans 71
Note 8 — Pension Plans 72
A. Summary 72
B. General Information about the Pension Plans 74
C. Pension Liabilities, Pension Expenses, and Deferred
Outflows/Inflows of Resources Related to Pensions 76
D. Payable to the Pension Plan 80
Note 9 — Other Postemployment Benefit Plan 81
A. Summary 81
B. General Information about OPEB 81
C. Total OPEB Liability, OPEB Expense, and Deferred
Outflows/Inflows of Resources Related to OPEB 82
Note 10 — Risk Management and Self Insurance Program 86 A. General Liability 86
B. Workers' Compensation 86
C. Other Insurance 86
Note 11 — Classification on Fund Balances 87
Note 12 — Commitments and Contingencies 88
A. Commitments 88
B. Contingencies 88
C. Grants 88
Note 13 — Other Required Fund Disclosures 89
A. Expenditures in Excess of Appropriation 89
B. Deficit Net Positions and Fund Balances 89
Note 14 — Accounting Change 90
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315
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Placentia, California, (the City) have been prepared in conformity with accounting principles generally accepted in the United States (U.S. GAAP) as applied to governmental agencies. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The following is a summary of the City's significant policies:
A. Financial Reporting Entity
The City was incorporated on December 2, 1926, under the General Laws of the state of California. The City operates under a Council -Administrator form of government and under provisions of a City Charter adopted on June 29, 1965.
In evaluating how to define the City for financial reporting purposes, management has considered all potential component units. The primary criteria for including a potential component unit within the reporting entity are the governing body's financial accountability and a financial benefit or burden relationship and whether it is misleading to exclude. A primary government is financially accountable and shares a financial benefit or burden relationship, if it appoints a voting majority of an organization's governing body and it is able to impose its will on the organization, or if there is a potential for the organization to provide specific financial benefits to or impose specific financial burdens on the primary government. A primary government may also be financially accountable if an organization is fiscally dependent on the primary government regardless of whether the organization has a separately elected governing board, a governing board appointed by a higher level of government, or a jointly appointed board, and there is a potential for the organization to provide specific financial benefits to, or impose specific financial burdens on the primary government.
Blended Component Units
Management determined that the following entities should be reported as blended component units based on the criteria above. Although the following is legally separate from the City, it has been "blended" as though it is part of the City because the component unit's governing body is substantially the same as the City's and there is a financial benefit or burden relationship between the City and the component unit; management of the City has operational responsibilities for the component unit; and/or the component unit provides services entirely, or almost entirely, to the City or otherwise exclusively, or almost exclusively, benefits the City, even though it does not provide services directly to it.
The Placentia Public Financing Authority — The Placentia Public Financing Authority (the Authority) was formed in 1996 to issue Tax Revenue Bonds. The proceeds of the debt were used to refund the existing Mello -Roos Community Facilities District 89-1 bonds, originally issued in September 1996. The Authority is governed by a five -member board that is the City Council of the City. Separate financial statements are not prepared.
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316
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) A. Financial Reporting Entity (Continued)
Blended Component Units (Continued'
Placentia Enhanced Infrastructure Financing District — The Placentia Enhanced Infrastructure Financing District (EIFD) was formed in September 2019 in partnership with the County of Orange near the City's future Metrolink Station including the Old Town Placentia area and Transit Oriented Development Packing House District. The purpose of this district is to create a funding mechanism that can facilitate the construction of public infrastructure improvements in this area.
B. Basis of Accounting and Measurement Focus
The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for by providing a separate set of self -balancing accounts that comprise its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund balance or net position, revenues and expenditures or expenses, as appropriate. City resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.
The statement of net position reports separate sections for Deferred Outflows of Resources, and Deferred Inflows of Resources, when applicable.
Deferred Outflows of Resources — represent a consumption of net assets that applies to future periods, therefore, will not be recognized as an expense until that time.
Deferred Inflows of Resources — represent an acquisition of net assets that applies to future periods, therefore, are not recognized as revenue until that time.
Government -Wide Financial Statements
The government -wide financial statements are presented on an "economic resources" measurement focus and the accrual basis of accounting. Accordingly, all of the City's assets, deferred outflows of resources, liabilities, and deferred inflows of resources, including capital assets, as well as infrastructure assets, and long-term liabilities, are included in the accompanying statement of net position. The statement of activities presents changes in net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. Fiduciary activities of the City are not included in these statements.
Certain types of transactions are reported as program revenues for the City in three categories: charges for services, operating grants and contributions, and capital grants and contributions.
As a general rule, the effect of interfund activity has been eliminated from the government -wide financial statements.
(36)
317
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) B. Basis of Accounting and Measurement Focus (Continued) Governmental Fund Financial Statements
All governmental funds are accounted for on a spending, or "current financial resources" measurement focus and the modified accrual basis of accounting. Accordingly, only current assets, current liabilities, and deferred inflows of resources are included on the balance sheet. The statement of revenues, expenditures, and changes in fund balances presents increases (revenue and other financing sources) and decreases (expenditures and other financing uses) in fund balances. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period.
Revenues are recorded when received in cash, except those revenues subject to accrual (generally 60 days after year-end) which are recognized when due. The primary revenue sources that have been treated as susceptible to accrual by the City are property taxes, intergovernmental revenues, and other taxes. Business license fees are recorded as received, except at year-end when they are accrued pursuant to the modified accrual basis of accounting. The City recognizes business license revenue collected within 60 days as revenue at June 30. Expenditures are recorded in the accounting period in which the related fund liability is incurred.
Reconciliations of the fund financial statements to the government -wide financial statements are provided to explain the differences.
The City reports the following major Governmental Funds:
General Fund
The General Fund is the City's principal operating fund. It accounts for all revenues and expenditures used to finance the traditional services associated with a municipal government except those required to be accounted for in another fund.
Citywide Development Impact Fee Special Revenue Fund
This fund is used to account for the receipts and expenditures of new development impact on the City's sewer collection system in the City's Transit.
Placentia Regional Navigation Center Special Revenue Fund This fund is used to account for the receipts and expenditures related to the construction and operation of the Placentia Regional Navigation Center. Revenues include the Homeless Emergency Aid Program (HEAP) Grant and SB2 funds. Future revenue sources will include reimbursements from the North Orange County Cities. (37)
318
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) B. Basis of Accounting and Measurement Focus (Continued) Governmental Fund Financial Statements (Continued)
Debt Service Fund
This fund is used to account for the debt service related to the governmental activities of the City.
Proprietary Fund Financial Statements
Proprietary Fund Financial Statements include a statement of net position, a statement of revenues, expenses, and changes in net position, and a statement of cash flows for each major Proprietary Fund.
A separate column representing internal service funds is also presented in these statements. However, internal service balances and activities have been combined with the governmental activities in the Government -Wide Financial Statements. The City's internal service funds include four individual funds that provide services directly to other City funds. These services include risk management, health and welfare, and equipment replacement.
Proprietary funds are accounted for using the "economic resources" measurement focus and the accrual basis of accounting. Accordingly, all assets, deferred outflows of resources, liabilities (whether current or noncurrent), and deferred inflows of resources are included on the statement of net position. The statement of revenues, expenses, and changes in fund net position presents increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. In these funds, receivables have been recorded as revenue and provisions have been made for uncollectible amounts.
Operating revenues in the proprietary funds are those revenues that are generated from the primary operations of the fund. All other revenues are reported as nonoperating revenues. Operating expenses are those expenses that are essential to the primary operations of the fund. All other expenses are reported as nonoperating expenses.
The City reports the following major Proprietary Funds:
Refuse Fund
This fund is used to account for the provision of refuse services to the residents of the City. All activities necessary to provide such services are accounted for in this fund, including, but not limited to administration, operation, acquisition of equipment, and related debt service.
(38)
319
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) B. Basis of Accounting and Measurement Focus (Continued) Proprietary Fund Financial Statements (Continued)
Sewer Maintenance Fund
This fund is used to account for the operations and maintenance of the sewer lines located in the City's sewer system, including administration and capital improvements.
Fees are computed from water consumption amounts provided by local water companies. All residents and businesses connected to the City's sewer system are placed in billing categories based on a percentage of water consumption that is returned to the City's sewer system.
Fiduciary Fund Financial Statements
Fiduciary fund financial statements include a statement of net position and a statement of changes in fiduciary net position. The City's fiduciary funds represent custodial funds and private purpose trust funds. Both custodial funds and the private purpose trust funds are accounted for on the full accrual basis of accounting.
The City reports the following fiduciary funds:
Private -Purpose Trust Fund
This fund is used to account for the balances and transactions of the Successor Agency to the former Placentia Redevelopment Agency.
Custodial Funds
These funds account for resources held by the City in a custodial capacity as an agent for individuals, private organizations, other governments, and/or other funds.
C. Implementation of New Accounting Pronouncement
Accounting Changes and Error Corrections — An Amendment to GASB Statement No. 62 defines accounting changes as changes in accounting principles, changes in accounting estimates, and changes to or within the financial reporting entity and describes the transactions or other events that constitute those changes. The Statement prescribes the accounting and financial reporting for each type of accounting change and for error corrections. See Note 14 for further information on how the implementation of GASB Statement No. 100 had an effect on the City's financial statements.
D. Cash and Investments
The City's cash and cash equivalents are comprised of cash on hand, demand deposits, and short-term investments with original maturity of three months or less from the date of acquisition. All cash and investments of proprietary funds are held in the City's investment pool. These cash pools have the general characteristics of a demand deposit account, therefore, all cash and investments in the proprietary funds are considered cash and cash equivalents for statement of cash flows purposes.
Investments are stated at fair value (quoted market price or best available estimate thereof).
(39)
320
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) E. Fair Value Measurement
U.S. GAAP defines fair value, establishes a framework for measuring fair value, and establishes disclosures about fair value measurement. Investments, unless otherwise specified, recorded at fair value in the financial statements, are categorized based upon the level of judgment associated with the inputs used to measure their fair value.
The three levels of the fair value measurement hierarchy are described below:
Level 1 — Inputs are unadjusted, quoted prices for identical assets or liabilities in active markets at the measurement date.
Level 2 — Inputs, other than quoted prices included in Level 1, that are observable for the assets or liabilities through corroboration with market data at the measurement date.
Level 3 — Unobservable inputs that reflect management's best estimate of what market participants would use in pricing the assets or liabilities at the measurement date.
F. Property Taxes Receivable
Property tax revenue is recognized in the fiscal year for which the taxes have been levied providing they become available. Available means due, or past due and receivable within the current period and collected within the current period or expected to be collected soon enough thereafter (not to exceed 60 days) to be used to pay liabilities in the current period.
Under California law, property taxes are assessed and collected by the counties at up to 1% of assessed value, plus other increases approved by the voters. The property taxes go into a pool and are then allocated to the cities based on complex formulas. The County of Orange collects property taxes for the City. Tax liens attach annually as of 12:01 a.m. on the first day of January preceding the fiscal year for which the taxes are levied. Taxes are levied on July 1 and cover the fiscal period July 1 to June 30. All secured personal property taxes and one-half of the taxes on real property are due November 1; the second installment is due February 1. All taxes are delinquent, if unpaid, on December 10 and April 10, respectively. Unsecured personal property taxes become due on March 1 each year, and are delinquent, if unpaid, on August 31.
G. Prepaid Items
Prepaid items are payments made to vendors for services that will benefit periods beyond the fiscal year ended using purchase method.
(40)
321
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) H. Inventories
Inventories within the various fund types consist of materials and supplies which are valued at cost on a weighted average basis. Reported expenditures reflect the consumption method of recognizing inventory -related expenditures.
I. Capital Assets
In the government -wide financial statements, capital assets, which include land, buildings, improvements, equipment, furniture, infrastructure (e.g., roads, sidewalks, and similar items), and right -to -use leased assets, are recorded at historical cost or estimated historical if purchased or constructed. Donated capital assets are valued at their estimated acquisition value on the date donated. City policy has set the capitalization threshold for reporting capital assets with an initial, individual cost of more than $2,500 and an estimated useful life of one year or more.
The City defines infrastructure as the basic physical assets that allow the City to function. The assets include street network, street appurtenances, and storm drains.
Major outlays for capital assets and improvements are capitalized as projects are constructed.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized.
Land, right-of-way, tree infrastructure, and construction in progress are not depreciated.
Other capital assets used in operations are depreciated/amortized over their estimated useful lives using the straight-line method. The estimated useful lives used for depreciation/amortization purposes are as follows:
Structures and Improvements
Civic Center Structures and Improvements
Automotive Equipment
Computer Equipment
Other Equipment
Infrastructure:
Roadways
Street Appurtenances
Wastewater
Storm Drains
5 to 50 Years
50 Years
2 to 10 Years
3 Years
5 Years
35 Years
10 to 50 Years
50 to 60 Years
50 Years
Lease assets and SBITAs are amortized using the straight-line method over the shorter of the agreement term or the useful life of the underlying asset. (41)
322
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) J. Leases
Lessee
The City is a lessee for noncancellable leases of land and improvements and equipment.
The City recognizes a lease liability and an intangible right -to -use asset (lease asset) in the governmental activities in the government -wide statement of net position. At the commencement of a lease, the City initially measures the lease liability at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made. The lease asset is initially measured as the initial amount of the lease liability, adjusted for lease payments made at or before the lease commencement date. Subsequently, the lease asset is amortized on a straight-line basis over its useful life.
The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability.
Lessor
The City is a lessor for a noncancellable leases of land, buildings and improvements.
The City recognizes a lease receivable and a deferred inflow of resources in the statement of net position and in the governmental fund balance sheet. At the commencement of a lease, the City initially measures the lease receivable at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term.
The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.
K. Subscription -Based Information Technology Arrangements (SBITAs) The City recognizes a SBITA liability and a SBITA asset at the commencement of the SBITA term, unless the SBITA is a short-term contract, or it transfers ownership of the underlying asset. The SBITA liability is measured at the present value of payments expected to be made during the contract term (less any incentives). The SBITA asset is measured at the amount of the initial measurement of the SBITA liability, plus any payments made to the vendor at or before the commencement of the contract term and certain direct costs.
(42)
323
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) L. Unearned and Unavailable Revenue
In the government -wide financial statements, unearned revenue is recognized for transactions for which revenue has not yet been earned. Typical transactions recorded as unearned revenues in the government -wide financial statements are prepaid charges for services and facility rentals paid in advance.
In the fund financial statements, unearned and unavailable revenue is recorded when transactions have not yet met the revenue recognition criteria based on the modified accrual basis of accounting. The City records unearned revenue for transactions for which revenues have not been earned, and unavailable revenue when funds are not available to meet current financial obligations in accordance with GASB Statement No. 65. Typical transactions for which unearned or unavailable revenue is recorded are grant receivables, grant award advances, quarterly encroachment fees, and advance registration for recreation classes which were not yet earned.
M. Compensated Absences Payable
City employees have vested interest in varying levels of vacation, sick leave, and compensatory time based on their length of employment. It is the policy of the City to pay all accumulated vacation pay and all or a portion of sick pay when an employee retires or terminates. The long-term amount is included as a liability in the governmental activities of the government -wide financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements. The General Fund is typically used to liquidate compensated absences. In proprietary funds, compensated absences are expensed to the various funds in the period they are earned, and such fund's share of the unpaid liability is recorded as a long-term liability of the fund.
N. Claims Payable
The City records a liability to reflect an actuarial estimate of ultimate uninsured losses for both general liability claims (including property damage claims) and workers' compensation claims. The estimated liability for workers' compensation claims and general liability claims includes "incurred but not reported" (IBNR) claims. There is no fixed payment schedule to pay these liabilities.
O. Pensions
For purposes of measuring the net pension liability, deferred outflows and inflows of resources related to pensions, and pension expense, information about the fiduciary net position and additions to/deductions from the fiduciary net position have been determined on the same basis as they are reported by the CaIPERS Financial Office and are in accordance with the implementation of GASB Statement No, 68. Investments are reported at fair value. CaIPERS audited financial statements are publicly available reports that can be obtained at CaIPERS's website under Forms and Publications. (43)
324
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) P. Other Postemployment Benefits (OPEB)
For purposes of measuring the liability, deferred outflows of resources and deferred inflows of resources, and expense associated with the City's plan, have been determined by an independent actuary in accordance with GASB Statement No. 75.
Q. Long -Term Obligations
In the government -wide financial statements, long-term debt and other long-term obligations are reported as Liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount.
R. Net Position
In the government -wide financial statements and proprietary fund financial statements, net position is classified as follows:
Net Investment in Capital Assets — This component of net position consists of capital assets, net of accumulated depreciation/amortization, related debt, and deferred outflows of resources.
Restricted — This component of net position consists of restricted assets reduced by liabilities and deferred inflows of resources related to those assets.
Unrestricted — This component of net position is the amount of the assets, deferred outflows of resources, liabilities, and deferred inflows of resources that are not included in the determination of net investment in capital assets or the restricted component of net position.
S. Fund Balances
In the governmental fund financial statements, fund balances are classified as follows:
Nonspendable Fund Balance — These amounts cannot be spent because they are not in a spendable form, such as loans receivable or inventory, or because resources legally or contractually must remain intact.
Restricted Fund Balance — These are the portion of fund balance that have externally enforceable limitations on their usage through legislation or limitations imposed by creditors, grantor, laws, and regulations of other governments or enabling legislation. (44)
325
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) S. Fund Balances (Continued)
Committed Fund Balance — These have self-imposed limitations by the highest level of decision -making authority, namely the City Council, prior to the end of the reporting period. City Council adoption of a resolution is required to commit resources or to rescind the commitment.
Assigned Fund Balance — These have limitations imposed by management based on the intended use of the funds. Modifications or rescissions of the constraints can be removed by the same type of action that limited the use of the funds. Assignment of resources can be done by the highest level of decision making or by a committee or official designated for that purpose. The City Council has authorized the Finance Director for that purpose.
Unassigned Fund Balance — These represent the residual net resources in excess of the other classifications. The general fund is the only fund that reports a positive unassigned fund balance amount. In other governmental funds, it is not appropriate to report a positive unassigned fund balance amount. However, in governmental funds other than general fund, if expenditures incurred for specific purposes exceed the amounts that are restricted, committed, or assigned to those purposes, it may be necessary to report a negative unassigned fund balance in that fund.
T. Spending Policy
Government -Wide Financial Statements and the Proprietary Fund Financial Statements When expenses are incurred for purposes for which both restricted and unrestricted components of net position are available, the City's policy is to apply the restricted component of net position first, then the unrestricted component of net position as needed.
Governmental Fund Financial Statements
When expenditures are incurred for purposes for which both restricted and unrestricted fund balances are available, the City's policy is to apply restricted fund balances first, then unrestricted fund balances as needed.
When expenditures are incurred for purposes where only unrestricted fund balances are available, the City uses the unrestricted resources in the following order, except for instances wherein an ordinance specifies the fund balance:
• Committed
• Assigned
• Unassigned
(45)
326
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) U. Use of Estimates
The preparation of the basic financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
NOTE 2 CASH AND INVESTMENTS
The City maintains a cash and investment pool, which includes cash balances and authorized investments of all funds. Certain restricted funds which are held and invested by independent outside custodians through contractual agreements are not pooled. These restricted funds include cash and investments with fiscal agents.
The City had the following cash and investments at June 30, 2024:
Cash and Investments
Cash and Investments with
Fiscal Agent
Pension Stability Fund
Total Cash and
Investments
Government -Wide
Statement of Net Position
Governmental Business -Type
Activities Activities
$ 26,259,171 $ 2,719,521
7,896,413
1,643,582
$ 35,799,166 $ 2,719,521
Statement of
Fiduciary
Net Position Total
$ 1,060,439 $ 30,039,131
707,003
8,603,416
1,643,582
$ 1,767,442 $ 40,286,129
The City's cash and investments at June 30, 2024 in more detail:
Cash and Cash Equivalents:
Demand Deposits
Petty Cash
Total Cash and Cash Equivalents
Investments:
Local Agency Investment Fund
CAMP
Money Market Mutual Fund
Negotiable Certificates of Deposit
U.S. Treasury Securities
Federal Agency Securities
Investments with Fiscal Agent:
Money Market Mutual Fund
Pension Stability Fund
Total Investments
Total Cash and Investments
$ 356,268
17,565
373,833
16,688
1,530,493
99,060
3,569,005
19,027,946
5,422,106
8,603,416
1,643,582
39,912,296
$ 40,286,129
(46)
327
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 2 CASH AND INVESTMENTS (CONTINUED)
A. Demand Deposits
The carrying amounts of the City's demand deposits were $356,268 at June 30, 2024.
Bank balances at that date were $1,791,755, the total amount of which was insured or collateralized with accounts held by the pledging financial institutions in the City's name as discussed below.
The California Government Code requires California banks and savings and loan associations to secure the City's cash deposits by pledging securities as collateral. This Code states that collateral pledged in this manner shall have the effect of perfecting a security interest in such collateral superior to those of a general creditor. Thus, collateral for cash deposits is considered to be held in the City's name.
The market value of pledged securities must equal at least 110% of the City's cash deposits. California law also allows institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the City's total cash deposits. The City may waive collateral requirements for cash deposits, which are fully insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC). The City, however, has not waived the collateralization requirements.
The City follows the practice of pooling cash and investments of all funds, except for funds required to be held by fiscal agents under the provisions of bond indentures.
Interest income earned on pooled cash and investments is allocated on an accounting period basis to the various funds based on the period -end cash and investment balances. Interest income from cash and investments with fiscal agents is credited directly to the related fund.
(47)
328
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 2 CASH AND INVESTMENTS (CONTINUED)
B. Investments Authorized by the California Government Code and the City's Investment Policy
The table below identifies the investment types that are authorized by the City's investment policy and the California Government Code. The table also identifies certain provisions of the California Government Code (or the City's investment policy, if more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustee that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City's investment policy.
Authorized Investment Type
Maximum
Maximum Investment
Maximum Percentage of in One
Maturity Portfolio Issuer
United States (U.S.) Treasury
Obligation 5 Years None None
Federal Agency Securities 5 Years 30% 15%
Negotiable Certificates of Deposits 5 Years 30% $250,000 Non -Negotiable Certificates of Deposit 5 Years 40% $250,000 Money Market Funds N/A 20% 10%
Passbook Savings N/A None None
Commercial Paper 270 Days 25% 10%
Banker's Acceptances 180 Days 30% 30%
Local Agency Investment Fund (LAIF) N/A None None
Orange County Investment Pool N/A None None
Joint Powers Authority Pools (JPA) N/A None None
California Asset Management Program N/A None None
Repurchase Agreements 1 year 30% None
*The table is based on state law requirements or investment policy requirements, whichever is more restrictive.
(48)
329
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 2 CASH AND INVESTMENTS (CONTINUED)
C. Investments Authorized by Debt Agreements
Authorized Investment Type
Maximum
Maximum Investment
Maximum Percentage of in One
Maturity Portfolio Issuer
United States (U.S.) Treasury
Obligation N/A None None
Federal Agency Securities N/A None None
Negotiable Certificates of Deposits N/A None None
Non -Negotiable Certificates of Deposit N/A None None
Money Market Funds N/A None None
Passbook Savings N/A None None
Commercial Paper 270 Days None None
Banker's Acceptances 180 Days None None
Local Agency Investment Fund (LAIF) N/A None None
Orange County Investment Pool N/A None None
Investments of debt proceeds held by bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City's investment policy. The table below identifies the investment types that are authorized for investments held by bond trustee. The table also identifies certain provisions of these debt agreements that address interest rate risk, and concentration of credit risk.
D. Fair Value Measurement
At June 30, 2024, investments are reported at fair value. The following table presents the fair value measurement of investments on a recurring basis and the levels within the GASB 72 fair value hierarchy in which the fair value measurements fall at June 30, 2024:
Measurement Input
Significant Other
Observable Input
Investment Type (Level 2) Uncatecorized Total
Local Agency Investment Fund $ - $ 16,688 $ 16,688
California Asset Management Program 1,530,493 1,530,493 Money Market Mutual Funds - 99,060 99,060
Negotiable Certificates of Deposit (1) 3,569,005 3,569,005 U.S. Treasury Securities (1) 19,027,946 19,027,946
Federal Agency Securities (1) 5,422,106 - 5,422,106
Held by Fiscal Agent:
Money Market Mutual Funds 8,603,416 8,603,416
Pension Stability Fund - 1,643,582 1,643,582
Total $ 28,019,057 $ 11,893,239 $ 39,912,296
(1) Pricing based on institutional bond quotes - evaluations based on various market and industry inputs.
(49)
330
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 2 CASH AND INVESTMENTS (CONTINUED)
D. Fair Value Measurement (Continued)
Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment is, the greater the sensitivity of its fair value to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer -term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.
E. Risk Disclosures
Information about the sensitivity of the fair values of the City's investments (including investments held by bond trustees) to market interest rate fluctuations is provided by the following table that shows the distribution of the City's investments by maturity:
Investment Maturities (in Years)
Investment Type
Local Agency Investment
Fund
California Asset Management
Program
Money Market Mutual Funds
Negotiable Certificates of
Deposit
U.S. Treasury Securities
Federal Agency Securities
Held by Fiscal Agent:
Money Market Mutual Funds
Pension Stability Fund
Total
Fair Value Less than 1 1 to 2 2 to 3 3 to 4
$ 16,688 $
16,688 $
1,530,493 1,530,493
99,060 99,060
3,569,005
19,027,946
5,422,106
244,144
6,789,536
2,047,741
1,453, 239
2,942,429
467,100
455,259
4,332,091
725,123
4 to 5
$ $
1,416, 363
2,935,770
2,182,142
2,028,120
8,603,416 8,603,416
1,643,582 1,643,582
$ 39,912,296 $ 20,974,660 $ 4,862,768 $ 5,512,473 $ 6,534,275 $ 2,028,120 Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the California Government Code or the City's investment policy, or debt agreements, and the actual rating as of fiscal year-end for each investment type.
Investment Type
Local Agency Investment Fund
California Asset Management Program
Money Market Mutual Funds
Negotiable Certificates of Deposit
U.S. Treasury Securities
Federal Agency Securities
Held by Fiscal Agent:
Money Market Mutual Funds
Pension Stability Fund
Total
Minimum
Legal
Total Rating
AAA
$ 16,688 N/A $
1,530,493 N/A
99,060 AAA
3,569,005 N/A
19,027,946 N/A
5,422,106 N/A
8,603,416 AAA
1,643,582 N/A
$ 39,912,296
99,060
19,027,946
5,422,106
Not
Rated
$ 16,688
1,530,493
3,569,005
8,603,416 1,643,582
$ 33,152,528 $ 6,759,768
(50)
331
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 2 CASH AND INVESTMENTS (CONTINUED)
E. Risk Disclosures (Continued)
Concentration of Credit Risk
The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code.
The City has no investments in any one issuer (other than mutual funds and external investment pools) that represent 5% or more of total City investments.
Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that in the event of the failure of the counterparty (e.g., broker dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City's investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the provision for deposits as disclosed in Note 2A.
For investments identified herein as held by bond trustee, the bond trustee selects the investment under the terms of the applicable trust agreement, acquires the investment, and holds the investment on behalf of the reporting government. At June 30, 2024, the investments held by bond trustee were held in money market mutual funds, which are considered to be cash equivalents.
F. Investment in Local Agency Investment Fund (LAIF)
The City is a participant in LAIF, which is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the state of California. The City's investments with LAIF at June 30, 2024, included a portion of the pool funds invested in Structured Notes and Asset -Backed Securities, which included the following:
Structured Notes — debt securities (other than asset -backed securities) whose cash flow characteristics (coupon rate, redemption amount, or stated maturity) depend upon one or more indices and/or that have embedded forwards or options.
Asset -Backed Securities — generally, mortgage -backed securities that entitle their purchasers to receive a share of the cash flows from a pool of assets such as principal and interest repayments from a pool of mortgages (for example, collateralized mortgage obligations), or credit card receivables. (51)
332
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 2 CASH AND INVESTMENTS (CONTINUED)
F. Investment in Local Agency Investment Fund (LAIF) (Continued) As of June 30, 2024, the City had $16,688 invested in LAIF, which had invested 1.10% of the pool investment funds in structured notes and asset -backed securities. The fair value of the City's portion in the pool is the same as the value of the pool shares and reported at amortized cost.
G. California Asset Management Program (CAMP)
The City invests in this investment trust, California Asset Management Program (CAMP), which is similar to a money market mutual fund. The fund invests primarily in certificates of deposit, commercial paper, and U.S. Government and Agency obligations. The City is a voluntary participant in the investment trust.
The CAMP Cash Reserve Portfolio (the Pool) is exempt from registration with the Securities and Exchange Commission (SEC) under the Investment Company Act of 1940 but operates in a manner consistent with SEC Rule 2a-7, "Money Market Funds," of that Act. Accordingly, the Pool meets the definition of a "2a-7 like pool" set forth in GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools. While the Pool itself is exempt from SEC registration, the Pool's investment advisor and administrator, PFM Asset Management LLC, is registered with the SEC as an investment advisor under the Investment Advisers Act of 1940. PFM Asset Management LLC has filed with the California Department of Corporations, as well as various other states, as an investment advisor under state securities laws.
In addition, the Pool also meets the definition of "Municipal Fund Security" outlined by Municipal Securities Rulemaking Board (MSRB) Rule 0-12; therefore, contacts with prospective investors relating to shares of the Pool are conducted through PFM Asset Management LLC's wholly owned subsidiary, PFMAM, Inc., a broker/dealer that is registered with the SEC and MSRB and is a member of the National Association of Securities Dealers. The Pool also files an income tax return annually with the Internal Revenue Service, though the net income of the Pool is generally exempt from federal income tax.
(52)
333
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 3 INTERFUND TRANSACTIONS
A. Due From/To Other Funds
At June 30, 2024, the City had the following due from/to other funds:
Due From
Other Funds
Due To Other Funds
Placentia Regional Navigation Center
Debt Service Fund
Nonmajor Special Revenue Funds:
Landscape Maintenance District 92-1
Housing and Community Development
Gasoline Tax
Sewer Construction
TOD Impact Fee
Nonmajor Capital Projects Funds:
City Projects
Internal Service Funds:
Health and Welfare
Total
General Fund Total
$ 2,472,828
63,135
19,213
589,355
35,622
124,149
41,805
81,391
$ 2,472,828
63,135
19,213
589,355
35,622
124,149
41,805
81,391
$ 3,427,498 $ 3,427,498
The above amounts resulted from when one fund reflects a deficit in its pooled cash account. Short-term loans were made from the General Fund to address these deficits.
B. Transfers
During the year ended June 30, 2024, the City had the following transfers:
Transfers Out
Transfers In
Governmental Funds:
General Fund
Debt Service Fund
Nonmajor Governmental
Funds
Total Governmental
Funds
Nonmajor
Governmental Debt Service Governmental
Activities General Fund Fund Funds Total
Business -Type Activities $ 5,939,707
$ $ 5,922,784 $ 186,159 $ 6,108,943
4,083,700 - - 4,083,700
413,184 403,750 816,934
$ 4,496,884 $ 5,922,784 $ 589,909 $ 11,009,577
(53)
334
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 3 INTERFUND TRANSACTIONS (CONTINUED)
B. Transfers (Continued)
In general, transfers are used to 1) use revenues collected in one fund to finance various programs accounted for in other funds in accordance with budgetary authorizations, and 2) to transfer to the General Fund to fund administration services. Some of the more significant transfers are detailed below.
Transfers from the Debt Service Fund to the General Fund of $5,922,784 were for the construction of assets funded by the issuance of bonds.
Transfers from nonmajor governmental funds to the General Fund of $186,159 were to fund police department expenditures.
The General Fund transferred $413,184 to nonmajor funds as operating subsidies and $4,083,700 to the Debt Service Fund to fund debt service.
The Gas Tax Special Revenue Fund transferred $403,750 to the Gas Tax Debt Service Fund to fund the 2011 Gas Tax Certificate of Participation debt service.
Transfers from governmental activities to business -type activities of $5,939,707 was for a capital asset constructed in the governmental funds and contributed to the sewer fund during the year.
NOTE 4 LONG-TERM RECEIVABLES
A. Loans Receivable
At June 30, 2024, the City has the following loans receivable:
Certificates of Participation
Reimbursement
Owner's Participation Agreement
Placentia Veterans Village Loan
Placentia Veterans Village DIF
Mitigation Loan
Total
Citywide
Development
Impact Fee Other
General Special Governmental
Fund Revenue Fund Funds
$ 1,165,124 $
Total
- $ $ 1,165,124
- 33,749 33,749
- 500,000 500,000
509,148 70,916 580,064
$ 1,165,124 $ 509,148 $ 604,665 $ 2,278,937
(54)
335
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 4 LONG-TERM RECEIVABLES (CONTINUED)
A. Loans Receivable (Continued)
Certificates of Participation Reimbursement
On April 16, 2007, the City Council of the City of Placentia and the Board of Directors of the former Placentia Redevelopment Agency approved a reimbursement agreement between the City and the former Placentia Redevelopment Agency. This agreement provides that the former Placentia Redevelopment Agency will reimburse the City for a portion of the lease payment paid by the City to the bond trustee, with respect to the 2003 Certificates of Participation (COP). The 2003 COP were refinance with the 2022 COP during the year (see note 7).
The portion reimbursed (87.52%) is based upon the portion of the capital improvements and improved facilities benefiting from the original proceeds of the 2003 COP related debt issue that were within the confines of the development project area.
Owner's Participation Ac reement
The Placentia Redevelopment Agency entered into an owner participation agreement dated January 5, 2001. Pursuant to that agreement, the Agency loaned $150,000 to a small business in Placentia. The term of the loan is 30 years and does not bear interest, except upon default. The loan was recorded in the Low and Moderate Housing fund of the former Redevelopment Agency of Placentia. Upon dissolution of the Redevelopment Agency at February 1, 2012, the outstanding loan receivable balance was transferred to the Housing Successor Fund. During the current fiscal year, the City received $ 4,167 in principal payments. The ending loan receivable balance at June 30, 2024, is $33,749.
Placentia Veterans Village Loan Receivable
On November 13, 2018, the City Council of the Housing Successor Agency to the former Redevelopment Agency of the City of Placentia approved a loan agreement of $500,000 between the Housing Successor Agency and Mercy Housing California to initiate construction of the Placentia Veterans Village. The loan receivable balance at June 30, 2024, is $500,000.
Placentia Veterans Village Developer Impact Fee Mitigation Loan Receivable On February 20, 2018, the City Council of the Housing Successor Agency to the former Redevelopment Agency of the City of Placentia approved a loan agreement between the Housing Successor Agency and Mercy Housing California whereby the collection of up to $582,850 of developer impact fees would be deferred. The loan shall be payable from fifty percent (50%) of the residual receipts of the housing project (to be shared pro -rata with other housing project lenders whose loans are payable from residual receipts), until the loan has been paid in full. The loan receivable balance at June 30, 2024 is $580,064. (55)
336
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 4 LONG-TERM RECEIVABLES (CONTINUED)
B. Leases Receivables
The City, acting as lessor, leases land and improvements under fourteen long-term, noncancellable lease agreements. The leases expire at various dates through July 1, 2065. The net present values of the leases receivable were determined using discount rates ranging from 0.218% to 2.184%. Rent payments ranging from $271 to $3,543, are received monthly, or ranging from $50,000 to $250,000, received annually. During the year ended June 30, 2024, the City recognized $836,409 and $316,571 in lease revenue and interest revenue respectively, pursuant to these lease agreements.
The leases provide for increases in future minimum monthly rent payments, subject to certain stated increases.
(56)
337
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 5 CAPITAL ASSETS
The following is a summary of changes in capital assets for the governmental activities for the year ended June 30, 2024:
Balance Balance
June 30, 2023 Additions Deletions Reclassifications June 30, 2024 Capital Assets Not Being
Depreciated/Amortized:
Land $ 26,118,971 $ - $ $ - $ 26,118,971
Land -Right of Way 1,008,822 - 1,008,822
Infrastructure - Trees 3,114,540 - 82,024 3,196,564
Construction in Progress 24,107,558 27,289,714 (247,170) (24,595,498) 26,554,604 Total Capital Assets Not
Being Depreciated 54,349,891 27,289,714 (247,170) (24,513,474) 56,878,961 Capital Assets Being
Depreciated/Amortized:
Structures and Improvements 20,416,610 5,746,757 26,163,367 Right -to -Use Lease Land 684,909 - 684,909
Right -to -Use Lease Equipment 858,669 447,661 (42,970) 1,263,360 Subscription Assets 2,542,906 375,943 - 2,918,849
Equipment 17,504,562 1,335,224 (304,728) 18,535,058
Land Improvements 172,528 - 172,528
Infrastructure:
Streets Network 59,094,499 12,017,439 71,111,938
Street Appurtenances 24,439,468 622,475 25,061,943
Storm Drains 9,225,024 187,096 9,412,120
Total Capital Assets
Being Depreciated/Amortized 134,939,175 2,158,828 (347,698) 18,573,767 155,324,072 Less: Accumulated
Depreciation/Amortization for:
Structures and Improvements
Right -to -Use Lease Land
Right -to -Use Lease Equipment
Subscription Assets
Equipment
Land Improvements
Infrastructure:
Streets Network
Street Appurtenances
Storm Drain
Total Accumulated
Depreciation/Amortization
(8,357,533) (982,065)
(304,404) (152,202) -
(261,252) (282,177) 38,812
(361,058) (416,195) -
(10,543,558) (1,727,892) 304,728
(129,352) (5,796) -
(27,890,886) (1,999,667)
(15,940,716) (523,083)
(7,049,902) 188,242)
(9,339,598)
(456,606)
(504,617)
(777,253)
(11,966,722)
(135,148)
(29,890,553)
(16,463,799)
(7,238,144)
(70,838,661) (6,277,319) 343,540 (76,772,440)
Total Capital Assets Being
Depreciated/Amortized, Net 64,100,514
Total Govemmental
Activities
(4,118,491) (4,158)
18,573,767 78,551,632
$ 118,450,405 $ 23,171,223 $ (251,328) $ (5,939,707) $ 135,430,593 (57)
338
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 5 CAPITAL ASSETS (CONTINUED)
Depreciation/amortization expense was charged to functions/programs of governmental activities for the year ended June 30, 2024, as follows:
General Government
Public Safety
Public Works
Community Services
Total Depreciation/Amortization Expense
$ 1,295,460
1,574,149
2,776,438
590,896
$ 6,277,319
The following is a summary of changes in capital assets for the business -type activities for the year ended June 30, 2024:
Capital Assets Being
Depreciated:
Structures and
Improvements
Equipment
Total Capital Assets
Being Depreciated
Less: Accumulated
Depreciation for:
Structures and
Improvements
Equipment
Total Accumulated
Depreciation
Balance Balance
June 30, 2023 Additions Deletions June 30, 2024
$ 28,155,969 $ 5,939,707 $ - $ 34,095,676
122,158 -
28,278,127
(21,032,149)
(79,755)
(21,111,904)
Total Capital Assets
Being Depreciated, Net 7,166,223
Total Business -Type
Activities
122,158
5,939,707 34,217,834
(623,095)
(12,216)
(21,655,244)
(91,971)
(635,311) - (21,747,215)
5,304,396 12,470,619
$ 7,166,223 $ 5,304,396 $ - $ 12,470,619
Depreciation expense was charged to the Sewer Maintenance Fund within business -type activities.
(58)
339
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6
LONG-TERM LIABILITIES
A. Governmental Activities
A summary of changes in long-term liabilities for governmental activities for the year ended June 30, 2024 is as follows:
Long -Term Debt:
Direct Borrowings and
Placements:
Loan Payable- Radio
Loan Payable -Fire #1
Loan Payable -Fire #2
Loan Payable - Easement
Loan Payable - Vehicles
OCTA Advance
Fire UAL Payoff Loan
Motorola Equipment
Loan Payable -Ref 2003
COP
2021 Installment Sale
Agreement (2011 Gas
Tax Refunding)
Total Direct Borrowings
and Placements
2020A Lease Revenue
Bonds
2023 Lease Revenue
Bonds
Unamortized Bond Premium
Leases Payable
Subscription Liability
Total Long -Term Debt
Claims Payable
Compensated Absences
Total Long -Term
Liabilities
Classification
Balance Balance Due within Due in More
June 30, 2023 Additions Deletions June 30, 2024 One Year Than One Year $ 515,597 $
2,445,454
1,281,976
284,411
124,631
1,144,278
714,261
1,197,159
$ (153,118) $ 362,479 $ 157,967 $ 204,512
(349,140) 2,096,314 358,596 1,737,718
(183,235) 1,098,741 188,123 910,618
(61,739) 222,672 65,406 157,266
(28,101) 96,530 30,048 66,482
(429,296) 714,982 446,780 268,202
(369,329) 344,932 344,932 -
- 1,197,159 96,476 1,100,683
1,752,697 - (421,431) 1,331,266 433,047 898,219
2,651,000 - (358,000) 2,293,000 368,000 1,925,000
10, 914, 305 1,197,159
(2,353,389) 9,758,075 2,489,375 7,268,700
50,390,000 - (1,860,000) 48,530,000 2,190,000 46,340,000 9,190,000 - 9,190,000 140,000 9,050,000
352,179 352,179 - 352,179
987,563 446,408 (435,849) 998,122 434,494 563,628
1,849,671 373,943 (364,399) 1,859,215 347,515 1,511,700 64,141,539 11,559,689
(5,013,637) 70,687,591 5,601,384 65,086,207
4,051,344 1,243,401 (1,473,829) 3,820,916 941,479 2,879,437 2,511,619 450,838 (33,677) 2,928,780 139,066 2,789,714
$ 70,704,502 $ 13,253,928 $ (6,521,143) $ 77,437,287 $ 6,681,929 $ 70,755,358 Loan Payable — Refunding of 2003 Certificates of Participation On June 1, 2022, the City entered into a loan payable agreement in the amount of $2,189,027 with the Municipal Finance Corporation to (a) refinance certain obligations relating to the 2003 Refunding and Improvements Project Certificates of Participation Principal is payable annually on January 1. Interest is payable semi-annually on January 1 and July 1, commencing January 1, 2023.
(59)
340
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
A. Governmental Activities (Continued)
Loan Payable — Refunding of 2003 Certificates of Participation (Continued) On April 17, 2007, the City Council of the City of Placentia and the Board of Directors of the former Placentia Redevelopment Agency approved a reimbursement agreement between the City and the Placentia Redevelopment Agency. This agreement provides that the former Placentia Redevelopment Agency will reimburse the City for a portion of the lease payment paid by the city to the Bond trustee. The portion reimbursed is based upon the portion of the capital improvements and improved facilities benefiting from the original proceeds of the related debt issue that were within the confines of the redevelopment project area.
The loan payable is the obligation of the City and is reported in full in the government - wide statement of net position, within the governmental activities. A portion of the 2003 Certificates of Participation, which constitutes 87.52% of the total obligation amount, is to be repaid by the former Placentia Redevelopment Agency, pursuant to the reimbursement agreement mentioned above. As such, an amount reflecting the total obligation is reported on the statement of fiduciary net position within the RDA Successor Agency Private -Purpose Trust Fund. A note receivable is reported in the General Fund, relating to the total obligation that the city is expected to have reimbursement by the former Placentia Redevelopment Agency (See Note 4 for additional details). The outstanding balance of the 2022 Certificates of Participation as of June 30, 2024, is $1,331,266.
The final payment on this refinancing will be January 1, 2027 and may be prepaid in whole or in part on any payment date beginning on July 1, 2025.
The annual debt service requirements are as follows:
Year Endinc
June 30,
2025
2026
2027
Total
Principal
Interest Total
$ 433,047 $ 31,285 $ 464,332
443,986 21,108 465,094
454,233 10,674 464,907
$ 1,331,266 $ 63,067 $ 1,394,333
2020 Lease Revenue Bonds
On November 12, 2020, the City issued the 2020A Lease Revenue Bonds through the Placentia Public Financing Authority to pay the City's currently unamortized, unfunded accrued actuarial liability to CaIPERS for the benefit of City employees, to fund certain anticipated increases to the accrued liability to CalPERS, to fund a reserve account for the bonds and to pay the costs incurred in connection with the issuance of the bonds.
The bonds are issued in denominations or $5,000 and bear interest ranging from 1.7% to 4.0%. Interest on the bonds will be paid semi-annually on June 1 and December 1, of each year, commencing June 1, 2021.
(60)
341
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
A. Governmental Activities (Continued)
2020 Lease Revenue Bonds (Continued'
The bonds are secured under an indenture as of November 1, 2020, by the authority and US Bank as trustee. The bonds are payable from the revenues pledged under the indenture. Under the indenture, the revenues are defined as base rental payment made by the City to the Authority as the rental for real property and improvements thereon.
The City is required under the lease agreement to pay to the Authority specified amounts for use and possession of the leased property which amounts are calculated to be sufficient in both time and amount to pay, when due, the principal of and interest on the Bonds. Except for the Authority's right, title, and interest in and to the base rental payments and otherwise to the lease agreement which have been assigned to the trustee, no funds or properties of the Authority or the City are pledged to or otherwise liable for the bonds or any other obligations of the Authority.
The bonds are being issued to fund 100% of the City's unfunded liability for the miscellaneous plan and safety plan. Upon the issuance of the bonds, the city paid $43,777,218 to CaIPERS for deposit to the CaIPERS payment fund. This amount represents the June 30, 2019, unfunded liability for the miscellaneous and safety plans shown in the 2019 CaIPERS reports, rolled forward to November 12, 2020, and taking into account payments made during the fiscal years 2020 and 2021.
The bonds maturing on or after June 1, 2031, are subject to optional redemption prior to maturity on or after June 1, 2030, at the option of the City, in whole, or in part, on any date, at a redemption price equal to the principal amount of the bonds to be redeemed, plus accrued but unpaid interest to the redemption date, without premium. The bonds maturing on June 1, 2035, and June 1, 2045, are subject to mandatory redemption on June 1, in each year until maturity, from mandatory sinking account payments made by the Authority, at a redemption price equal to the principal amount thereof to be redeemed together with accrued interest thereon to the redemption date, without premium, provided however, that in lieu of redemption thereof, such term bonds may be purchased by the Authority and tendered to the trustee.
The bonds are reported in full in the government -wide statement of net position, within the governmental activities. The outstanding balance of the 2020A Lease Revenue Bonds as of June 30, 2024 is $48,530,000. The annual debt service requirements are as follows:
Year Ending June 30,
2025
2026
2027
2028
2029
2030-2034
2035-2039
2040-2044
2045
Total
Principal Interest Total
$ 2,190,000 $ 1,933,772 $ 4,123,772
2,405,000 1,878,036 4,283,036
2,475,000 1,806,944 4,281,944
2,555,000 1,727,596 4,282,596
2,645,000 1,639,270 4,284,270
14,785,000 6,635,152 21,420,152
14,385,000 3,391,783 17,776,783
6,675,000 891,463 7,566,463
415,000 19,011 434,011
$ 48,530,000 $ 19,923,027 $ 68,453,027
(61)
342
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
A. Governmental Activities (Continued)
2023 Lease Revenue Bonds
On August 2, 2023, the Placentia Public Financing Authority issued the 2023A Lease Revenue Bonds in the amount of $9,190,000, to finance the construction and equipping of an approximately 18,805 square foot public safety center and to pay the costs incurred in connection with the bond issuance. The term bonds with maturities ranging from October 1, 2033, through October 1, 2053, bear interest ranging from 4.25% to
5.0%. The bonds are subject to mandatory redemption on October 1 in each year in accordance with a set schedule. Interest on the bonds will be paid semi-annually on April 1 and October 1, of each year, commencing April 1, 2024.
The bonds are reported in full in the government -wide statement of net position, within the governmental activities. The outstanding balance of the 2023 Lease Revenue Bonds as of June 30, 2024 is $9,190,000. The annual debt service requirements are as follows:
Year Ending June 30,
2025
2026
2027
2028
2029
2030-2034
2035-2039
2040-2044
2045-2049
2050-2054
Total
Principal Interest Total
$ 140,000 $ 421,800 $ 561,800
145,000 414,675 559,675
155,000 407,175 562,175
160,000 399,300 559,300
170,000 391,050 561,050
980,000 1,816,000 2,796,000
1,265,000 1,537,125 2,802,125
1,615,000 1,179,125 2,794,125
2,040,000 759,688 2,799,688
2,520,000 277,313 2,797,313
$ 9,190,000 $ 7,603,250 $ 16,793,250
Bond premiums are amortized over the life of the bonds. Bonds payable are reported net of the applicable bond premium or discount.
2021 Installment Sale Agreement
On March 1, 2021, the City entered into an installment sale agreement with Trust Bank to refund all outstanding 2011 Gas Tax Certificates of Participation and to pay the costs of issuance in connection with such refunding. The agreement constitutes the legal and valid binding agreement of the City enforceable against the City. The installment payment, in the aggregate, are $3,656,000 and include interest components, calculated at the rate of 1.65%, on the unpaid principal payable on the respective installment payment date. On the closing date, the City used the proceeds to pay (1) the amount of $3,531,754 to the escrow fund and $124,246 to the custodial account used to pay all costs of issuance related to the installment agreement. (62)
343
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
A. Governmental Activities (Continued)
2021 Installment Sale Agreement (Continued)
The City's obligation to pay the installment payments is a special obligation of the City limited solely to the Gas Tax revenues and all amounts on deposit in the Gas Tax Fund.
Under no circumstances is the City required to advance moneys derived from any source of income other than the Gas Tax revenues and other sources specifically identified in the agreement. The City has the option to prepay the principal components of the installment payments in whole, on any date, commencing on December 1, 2025.
The bonds are reported in full in the government -wide statement of net position, within the governmental activities. The outstanding balance of the 2021 Installment Sale Agreement as of June 30, 2024 is $2,293,000.
The annual debt service requirements are as follows:
Year Endinc June 30,
2025
2026
2027
2028
2029
2030
Total
Principal Interest Total
$ 368,000 $ 36,316 $ 404,316
373,000 30,220 403,220
377,000 24,049 401,049
387,000 17,795 404,795
392,000 11,385 403,385
396,000 4,900 400,900
$ 2,293,000 $ 124,665 $ 2,417,665
Loans Payable
800 MHz CCCS Public Safety Radio Upgrade
On October 1, 2016, the City entered into a Purchase Agreement to finance the acquisition and implementation of Citywide public safety radios and dispatch site with the Orange County 800MHz Countywide Coordinated Communications System (CCCS).
The assets acquired through the financing agreement were included in the machinery and equipment for governmental activities in the amount of $1,319,360. The loan is for a period of 10 years with an interest rate of 3.13%. Loan payments are payable quarterly in arrears of the period to which they relate to. The agreement contains a provision that in an event of default, the lender may choose to make all outstanding amounts due immediately or may repossess the equipment. The annual debt service requirements are as follows:
Year Ending June 30,
2024
2025
Total
Principal
$ 157,967
204,512
$ 362,479
Interest Total
$ 9,503 $ 167,470
4,826 209,338
$ 14,329 $ 376,808
(63)
344
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
A. Governmental Activities (Continued)
Loans Payable (Continued'
Fire Loan Payable #1
On August 27, 2019, the City entered into an agreement for financing the acquisition of fire trucks and equipment for the Placentia Fire and Life Safety Department. The assets acquired through the financing agreement were included in the machinery and equipment for governmental activities in the amount of $3,400,000. The loan is for a period of 10 years with an interest rate of 2.69%. Loan payments are payable on February 1 and August 1, commencing August 1, 2020. The title to the purchased equipment is in the name of the City. The agreement contains a provision that in an event of default, the lender may choose to make all outstanding amounts due immediately or may repossess the fire trucks. The annual debt service requirements are as follows:
Year Ending June 30,
2025
2026
2027
2028
2029
2030
Total
Principal Interest Total
$ 358,596 $ 53,995 $ 412,591
368,307 44,284 412,591
378,281 34,310 412,591
388,525 24,066 412,591
399,047 13,544 412,591
203,558 2,738 206,296
$ 2,096,314 $ 172,937 $ 2,269,251
Fire Loan Payable #2
On November 25, 2019, the City entered into an agreement for financing the acquisition of fire trucks and equipment for the Placentia Fire and Life Safety Department. The assets acquired through the financing agreement were included in the machinery and equipment for governmental activities in the amount of $1,795,000. The loan is for a period of 10 years with an interest rate of 2.65%. Loan payments are payable on February 1 and August 1, commencing August 1, 2020. The title to the purchased equipment is in the name of the City. The agreement contains a provision that in an event of default, the lender may choose to make all outstanding amounts due immediately or may repossess the fire trucks. The annual debt service requirements are as follows:
Year Ending June 30,
2025
2026
2027
2028
2029
2030
Total
Principal Interest Total
$ 188,123 $ 27,879 $ 216,002
193,141 22,860 216,001
198,293 17,708 216,001
203,583 12,419 216,002
209,013 6,988 216,001
106,588 1,412 108,000
$ 1,098,741 $ 89,266 $ 1,188,007
(64)
345
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
A. Governmental Activities (Continued)
Loans Payable (Continued'
Land Easement Loan
On July 18, 2018, the City entered into an agreement for financing a portion of the acquisition of a land easement. The asset acquired through the financing arrangement is included in the land right-of-way in the amount of $750,000. The loan is for a period of 10 years with an interest rate of 6.00%. Annual loan payments of $78,803 are payable on August 1, through August 1, 2027. The outstanding principal as of June 30, 2024 is $222,672. The annual debt service requirements are as follows:
Year Ending June 30,
2025
2026
2027
2028
Total
Principal Interest Total
$ 65,406 $ 13,397 $ 78,803
69,367 9,436 78,803
73,530 5,273 78,803
14,369 862 15,231
$ 222,672 $ 28,968 $ 251,640
Vehicles Loan
On July 19, 2018, the City entered into an agreement for financing the acquisition of electric vehicles. The assets acquired through the financing agreement were included in the machinery and equipment for governmental activities in the amount of $160,470. The loan is for a period of 5 years with an interest rate of 6.93%. Annual loan payments of $36,734 are payable on March 1, through March 1, 2027. The agreement contains a provision that in an event of default, the lender may choose to repossess the vehicles.
The outstanding principal as of June 30, 2024 is $96,530.
The annual debt service requirements are as follows:
Year Ending June 30,
2025
2026
2028
Total
Principal
Interest Total
$ 30,048 $ 6,686 $ 36,734
32,129 4,605 36,734
34,353 2,380 36,733
$ 96,530 $ 13,671 $ 110,201
(65)
346
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
A. Governmental Activities (Continued)
Loans Payable (Continued'
Motorola Equipment Loan
On September 15, 2023, the City entered into an agreement for financing the acquisition of equipment. The assets acquired through the financing agreement were included construction in progress for governmental activities in the amount of $1,197,159, as the equipment has not yet been put into use. The loan is for a period of 10 years with an interest rate of 4.71 %. Annual loan payments of $152,862 are payable on September 15, through September 15, 2033. The agreement contains a provision that in an event of default, the lender may choose to make all outstanding amounts due immediately or may repossess the equipment. The outstanding principal as of June 30, 2024, is $1,197,159.
The annual debt service requirements are as follows:
Year Ending June 30,
2025
2026
2027
2028
2029
2030-2034
Total
Principal Interest Total
$ 96,476 $ 56,386 $ 152,862
101,020 51,842 152,862
105,778 47,084 152,862
110,760 42,102 152,862
115,976 36,885 152,861
667,149 97,159 764,308
$ 1,197,159 $ 331,458 $ 1,528,617
OCTA Advance
On February 16, 2010, the City entered into a cooperative agreement with the Orange County Transportation Authority (the OCTA). Terms of the cooperative agreement required OCTA to repay CalTrans $1.5 million for previously disallowed costs in exchange for the City's support of OCTA's direction to CalTrans for any eligible project in Orange County. In addition, OCTA advanced the City $4.1 million of future Measure M funds to the City. Principal and accrued but unpaid interest payments are deducted from future Measure M funds at OCTA's discretion over approximately 19 years. Interest is equal to the yield on OCTA's short-term investment portfolio, and resets annually on June 30. The outstanding principal as of June 30, 2024, is $714,982.
Fire UAL Payoff Loan
On May 5, 2020 the City approved a payment plan to Cal PERS to pay off the $1,878,760 unfunded accrued liability (UAL) on the termination of the City's Safety -Fire category of the City's contract with CaIPERS. The payment plan is for a period of 5 years with an interest rate of 1.95%. Payments of $31,664 are payable monthly through May 2025. The annual debt service requirements are as follows:
Year Ending June 30,
2025
Principal Interest Total
$ 344,932 $ 3,983 $ 348,915
(66)
347
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
A. Governmental Activities (Continued)
Leases Payable
The City leases land and improvements for various terms under five long-term, noncancelable lease agreements. The leases expire at various dates through May 11, 2026. The net present values of the leases payable were determined using a discount rates ranging from 0.218 to 3.511%. Rent payments ranging from $417 to $1,289, are paid monthly or ranging from $1,483 to $35,490, paid quarterly. The leases provide for increases in future minimum monthly rental payments subject to stated increases.
As of June 30, 2024, lease assets and the related accumulated amortization totaled $2,918,849 and $(777,253), respectively. See Note 5 for Capital Assets.
Total future minimum lease payments under lease agreements are as follows:
Year Ending June 30,
2025
2026
2027
2028
2029
Total
Principal
Interest Total
$ 434,494 $ 15,773 $ 450,267
273,494 10,003 283,497
173,048 5,403 178,451
111,881 1,493 113,374
5,205 12 5,217
$ 998,122 $ 32,684 $ 1,030,806
SBITA Liabilities
The City has entered into subscription based -information technology arrangements (SBITAs) for finance, cloud, and operating information technology systems. The SBITA arrangements expire at various dates through 2034 and provide for renewal options.
As of June 30, 2024, subscription assets and the related accumulated amortization totaled $1,948,269 and $(961,223), respectively. See Note 5 for Capital Assets.
The future subscription payments under SBITA agreements are as follows:
Year Ending June 30,
2025
2026
2027
2028
2029
2030-2034
2035-2036
Total
Principal Interest Total
$ 347,515 $ 39,175 $ 386,690
336,481 28,593 365,074
219,488 21,528 241,016
160,279 17,281 177,560
163,173 14,387 177,560
607,368 28,772 636,140
24,911 1,089 26,000
$ 1,859,215 $ 150,825 $ 2,010,040
There are no variable payments, no payments made related to termination penalties, and no impairment losses on subscription assets. For the SBITA agreements added in the current year, total capitalizable software configuration costs totaled $373,943. (67)
348
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
A. Governmental Activities (Continued)
Claims Payable
Estimated claims payable from general liability and workers' compensation claims as determined by outside claims administrator. Outstanding balance as of June 30, 2024 is as follows:
General Liability Claims
Workers' Compensation Claims
Total Claims Payable
B. Business -Type Activities
$ 1,324,036
2,496,880
$ 3,820,916
A summary of changes in long-term liabilities for business -type activities for the year ended June 30, 2024 is as follows:
Compensated Absences
Total
C. Fiduciary Activities
Classification
Balance Balance Due Within Due in More
June 30, 2023 Additions Deletions June 30, 2024 One Year than One Year $ 45,575 $ 30,411 $ (44,354) $ 31,632 $ 1,395
$ 45,575 $ 30,411 $ (44,354) $ 31,632 $ 1,395
30,237
30,237
A summary of changes in long-term liabilities for fiduciary activities for the year ended June 30, 2024 is as follows:
Bonds Payable:
2013 Tax Allocation
Refunding Bonds
Bond Premium:
2013 Tax Allocation
Refunding Bonds
Other Liabilities:
Reimbursement Due to City
SERAF Obligation
Real Property Loan
Obligation
Total
Classification
Balance Balance Due Within Due in More
June 30, 2023 Additions Deletions June 30, 2024 One Year Than One Year $ 8,070,000 $ $ (670,000) $ 7,400,000 $ 695,000 $ 6,705,000 32,339 (3,560) 28,779 28,779
1,533,961 - (368,837) 1,165,124 379,003 786,121
991,314 991,314 - 991,314
51,831
(51,831)
$ 10.679.445 $ - $ (1,094,228 $ 9.585,217 $ 1,074,003 $ 8.511,214 (68)
349
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
C. Fiduciary Activities (Continued)
2013 Tax Allocation Refunding Bonds
On December 1, 2013, the Successor Agency to the Redevelopment Agency of the City of Placentia issued a tax allocation refunding bond (TARB) in the amount of $13,120,000. Proceeds of the bond were used to refund the 2002 Series A & Series B Tax Allocation Bonds and the 2009 Subordinate Tax Allocation Note. The bond proceeds, together with other funds deposited from reserves, redeemed the 2002 Series A outstanding principal of $2,445,000, the 2002 Series B outstanding principal of $3,670,000, and the 2009 Subordinate TAN outstanding principal of $6,850,000. In lieu of funding the Reserve Account with proceeds of the Bonds, the Successor Agency has determined to purchase a Municipal Bond Debt Service Reserve Insurance Policy issued by the Insurer.
The bond is a special obligation of the Successor Agency. The bond does not constitute a debt or liability of the City of Placentia, County of Orange, state of California, or of any political subdivision thereof, other than the Successor Agency. The Successor Agency shall only be obligated to pay the principal of the bond, or interest thereon, from the funds described within the Official Statement. Neither the faith and credit nor the taxing power of the City of Placentia, the County of Orange, the state of California, or any of its political subdivisions is pledged to the payment of the principal of or the interest on the bond. The Successor Agency has no taxing power. As of June 30, 2024, the outstanding principal on this bond is $7,400,000.
The annual debt service requirements are as follows:
Year Endinc June 30,
2025
2026
2027
2028
2028
2029-2033
Total
Principal Interest Total
$ 695,000 $ 315,619 $ 1,010,619
720,000 288,188 1,008,188
750,000 258,788 1,008,788
780,000 227,700 1,007,700
810,000 192,375 1,002,375
3,645,000 356,131 4,001,131
$ 7,400,000 $ 1,638,801 $ 9,038,801
Debt Related Pledce of Revenue
The Successor Agency has pledged a portion of future tax increment revenues to repay the 2013 TARB as the source of repayment of this debt. Tax increment revenues were projected to produce a certain percentage of the debt service requirements over the life of the debt. Due to the dissolution of the former Placentia Redevelopment Agency, the pledged revenue is deposited to the County of Orange Redevelopment Property Tax Trust Fund (RPTTF). The County forwards the City funds to pay these recognized obligations.
(69)
350
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 6 LONG-TERM LIABILITIES (CONTINUED)
C. Fiduciary Activities (Continued)
Certificates of Participation City Reimbursement
On April 17, 2007, the City Council of the City of Placentia and the Board of Directors of the former Placentia Redevelopment Agency approved a reimbursement agreement between the City and the former Placentia Redevelopment Agency. This agreement provides that the former Placentia Redevelopment Agency will reimburse the City for a portion of the lease payment paid by the City to the bond trustee, with respect to the 2003 Refunded and Improvement Project Certificates of Participation.
The portion reimbursed is based upon the portion of the capital improvements and improved facilities benefiting from the original proceeds of the related debt issue that were within the confines of the redevelopment project area. The updated long-term liability balance as of June 30, 2024, of $1,165,124 represents the portion of the principal balance for which the Successor Agency will reimburse the City.
The annual debt service requirements are as follows:
Year Ending June 30,
2025
2026
2027
Total
Principal Interest Total
$ 379,003 $ 27,380 $ 406,383
388,577 18,474 407,051
397,544 9,342 406,886
$ 1,165,124 $ 55,196 $ 1,220,320
Su pplemental Education Revenue Augmentation Fund (SERAF) Obligation The Successor Agency has accrued a liability in the amount of $991,314 in regard to its Supplemental Education Revenue Augmentation Fund (SERAF) obligation. This amount includes the unpaid portions from fiscal years 2009-10 and 2010-11. In 2009, the state of California issued a mandate that shifted redevelopment funds to education purposes.
This action required each local redevelopment agency to make payment to their respective County Auditor -Controller. The Placentia Redevelopment Agency did not make payment on this obligation for two fiscal years, as it did not have the means to do so. Nonpayment of SERAF obligations would usually result in suspension of redevelopment activity. Upon dissolution of redevelopment in 2012, this unpaid obligation was transferred to the Successor Agency. The Successor Agency will continue working to resolve this matter. Outstanding balance of SERAF Obligation as of June 30, 2024, was $991,314.
Real Property Loan Obligation
On January 20, 2009, the City Council of the City of Placentia and the Board of Directors of the former Placentia Redevelopment Agency approved a Purchase and Sale agreement between the City and the former Placentia Redevelopment Agency. This agreement provides that the Placentia Redevelopment Agency will finance and purchase two real properties from the City; 312 South Melrose Street and 110 South Bradford Avenue for $2,270,000 based on appraised property values at an interest rate of 7%.
The City received the final payment on the loan in the current year. (70)
351
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 7 DEFERRED COMPENSATION PLANS
Section 457 Plan
The City has made available to its employees two deferred compensation plans, created in accordance with Internal Revenue Code (the IRC) Section 457, whereby employees authorize the City to defer a portion of their salary to be deposited in individual investment accounts. There are several options available for employees to invest, including annuities, life insurance, savings accounts, and mutual funds. Funds may be withdrawn by participants upon termination of employment, retirement, or a certified emergency. The City makes no contribution under the plans.
Pursuant to changes in IRC Section 457, the City amended its plans and established a trust into which all assets and income of the 457 plan were transferred during the year ended June 30, 1998. The assets and all income attributable to such amounts are held in trust for the exclusive benefit of the participant and their beneficiaries. These assets are no long the property of the City, and therefore, are no long subject to the claims of the City's general creditors. As a result, the assets of the 457 deferred compensation plans are no longer presented in an agency fund of the City's financial statements. The City has minimal involvement in the administration of the 457 plans, and therefore, lacks the fiduciary accountability that would require the 457 assets be recorded in an expendable trust fund.
The Defined Compensation Plan assets are not included in the accompanying basic financial statements.
Section 401(a) Qualified Defined Contribution Pension Plan All City sworn full-time fire personnel are eligible to participate in the Section 401(a) qualified defined contribution pension plan as allowed under the Internal Revenue Code. The plan type sponsored by the City is the Money Purchase Plan (Plan), which was last amended on January 1, 2020. The Plan is a defined contribution retirement plan in which the employer's contribution is nondiscretionary and is based on a formula that is not related to profits. The Plan sponsor guarantees no benefit and bears no investment risk while the Plan participants bear all investment risk and have no guaranteed level of benefits.
An administrative committee comprised of City personnel governs the Plan. The City Council has the authority to establish or amend the Plan's provisions. The Plan's provisions and contribution requirements are established and may be amended by City Council resolution.
Eligible employees begin participating the first day of the month following their employment date of work. The Plan is entirely funded by City contributions of 10% of the participants' base pay to the deferred compensation plan. The City's contributions vest at 100% after completion of four years of uninterrupted employment.
Participants are eligible to begin receiving benefits at age 50 and are required to begin receiving benefits no later than April after age 70-1/2. The employees may also roll theft funds to another retirement plan upon separation of service.
The City's payroll for employees covered by the Plan for the year ended June 30, 2024 was $2,747,277. Total employee contributions paid by the City amounted to $274,728.
As of June 30, 2024, the Plan had 33 participants.
(71)
352
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 8 PENSION PLANS
A. Summary
Deferred Outflows of Resources:
Pension Contribution Made After
Measurement Date:
CaIPERS Miscellaneous
CaIPERS Safety
Total Pension Contribution
Made After Measurement Date
Change in Assumptions
CaIPERS Miscellaneous
CaIPERS Safety
Total Change in Assumptions
Difference Between Projected and
Actual Investment Earnings:
CaIPERS Miscellaneous
CaIPERS Safety
Total Difference Between
Projected and Actual
Investment Earnings
Difference Between Expected and
Actual Experience:
CaIPERS Miscellaneous
CaIPERS Safety
Total Difference Between
Expected and Actual
Experience
Changes in Proportion and
differences between employer
contributions and proportionate
share of contributions:
CaIPERS Miscellaneous
CaIPERS Safety
Total Employer Contributions
in Excess of Proportionate
Share of Contribution
Total Deferred Outflows of Resources:
CaIPERS Miscellaneous
CaIPERS Safety
Total Deferred Outflows of
Resources
Governmental Business -Type
Activities Activities
Total
$ 799,712 $ 54,955 $ 854,667
1,236,862 - 1,236,862
2,036,574
151,859
319,249
471,108
407,247
748,596
1,155,843
128,494
401,615 - 401,615
54,955 2,091,529
10,436
162,295
319,249
10,436 481,544
27,985 435,232
748,596
27,985 1,183,828
8,830 137,324
530,109
2,874,835
2,480,646
5,355,481
4,362,147
5,186, 968
8,830 538,939
197,555
3,072,390
2,480,646
197,555 5,553,036
299,761
4,661,908
5,186, 968
$ 9,549,115 $ 299,761 $ 9,848,876
(72)
353
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 8 PENSION PLANS (CONTINUED)
A. Summary (Continued)
Net Pension Liabilities:
CaIPERS Miscellaneous
CaIPERS Safety
Total Net Pension Liabilities
Deferred Inflows of Resources:
Change in Assumptions
CaIPERS Miscellaneous
CaIPERS Safety
Total Change in Assumptions
Changes in Proportion and
differences between employer
contributions and proportionate
share of contributions:
CaIPERS Miscellaneous
CaIPERS Safety
Total Adjustment Due to
Difference in Proportions
Difference Between Expected and
Actual Experience:
CaIPERS Miscellaneous
CaIPERS Safety
Total Difference Between
Expected and Actual
Experience
Employer Contributions In Excess
of Proportionate Share of
Contribution:
CaIPERS Miscellaneous
CaIPERS Safety
Total Employer Contributions
in Excess of Proportionate
Share of Contribution
Difference Between Expected and
Actual Experience:
CaIPERS Miscellaneous
CaIPERS Safety
Total Difference Between
Expected and Actual
Experience
Total Deferred Inflows of Resources:
CaIPERS Miscellaneous
CaIPERS Safety
Total Deferred Inflows of
Resources
Governmental Business -Type
Activities Activities
Total
$ 2,515,288 $ 172,847 $ 2,688,135
5,470,210 - 5,470,210
$ 7,985,498 $ 172,847 $ 8,158,345
868,716
1,732,746
2,601,462
19,932
$ - $
59,697
928,413
1,732,746
59,697 2,661,159
1,370 21,302
34,382 - 34,382
54,314
888,648
1,767,128
1,370 55,684
61,067
949,715
1,767,128
$ 2,655,776 $ 61,067 $ 2,716,843
(73)
354
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 8 PENSION PLANS (CONTINUED)
A. Summary (Continued)
Pension Expenses:
CaIPERS Miscellaneous
CaIPERS Safety
Total Net Pension Income
Governmental Business -Type
Activities Activities
Total
$ 4,331,396 $ 297,647 $ 4,629,043
6,701,649 - 6,701,649
$ 11,033,045 $ 297,647 $ 11,330,692
B. General Information about the Pension Plans
Plan Description
The City contributes to the California Public Employees Retirement System (CaIPERS), a cost -sharing, multiple -employer defined benefit pension plan. CaIPERS provides retirement and disability benefits, annual cost -of -living adjustments, and death benefits to plan members and beneficiaries. CaIPERS acts as a common investment and administrative agent for participating public entities within the state of California. Benefit provisions and all other requirements are established by state statute and City ordinance. Copies of the CaIPERS annual financial report may be obtained from their Executive Office located at 400 P Street, Sacramento, California 95814.
Employees Covered by Benefit Terms
At the June 30, 2023, measurement date the following employees were covered by the benefit terms:
Active Employees
Transferred Employees
Separated Employees
Retired Employees and
Beneficiaries
Total
Miscellaneous Miscellaneous Safety
Miscellaneous Tier 2 PEPRA Safety PEPRA
20 11 80 19 29
49 14 55 18 11
26 2 49 10 9
185 1 5 121 1
280 28 189 168 50
Benefit Provided
CaIPERS provide retirement and disability benefits, annual cost -of -living adjustments, and death benefits to plan members and beneficiaries. Classic and PEPRA Safety CaIPERS members become eligible for service retirement upon attainment of age 55 with at least five years of credited service. PEPRA miscellaneous members become eligible for service retirement upon attainment of age 62 with at least five years of service. The service retirement benefit is a monthly allowance equal to the product of the benefit factor, years of service, and final compensation. The final compensation is the monthly average of the member's highest 36 full-time equivalent monthly pay. (74)
355
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 8 PENSION PLANS (CONTINUED)
B. General Information about the Pension Plans (Continued) Benefit Provided (Continued'
Following are the benefit provisions for each plan:
Benefit Formula
Benefit Vesting Schedule
Benefit Payments
Retirement Age
Monthly Benefits, as a
Percentage of Eligible
Compensation
Required Employee
Contribution Rate
Required Employer
Contribution Rate
Miscellaneous
2.0% @ 55
5 Years
Service
Monthly for Life
55 2.0%
7.000%
12.470%
Miscellaneous
Tier 2
2.0% @ 60
5 Years
Service
Monthly for Life
60 2.0%
7.000%
10.660%
Miscellaneous
PEPRA
2.0% @ 62
5 Years
Service
Monthly for Life
62 2.0%
7.750%
7.680%
Safety
3.0% @ 50
5 Years
Service
Monthly for Life
50 3.0%
9.000%
27.110%
Safety
PEPRA
2.7% @ 57
5 Years
Service
Monthly for Life
50-57
2.7%
13.750%
13.540%
Contributions
Section 20814(c) of the California Public Employees' Retirement Law (PERL) requires that the employer contribution rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CaIPERS' annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended.
Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions. For the year ended June 30, 2024, the City made contributions to each Plan were as follows:
Contributions - Employer
Miscellaneous Safety Total
$ 854,667 $ 1,236,862 $ 2,091,529
(75)
356
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 8 PENSION PLANS (CONTINUED)
C. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions
Proportionate Share of Net Pension Liability and Pension (Income) Expense The City's net pension liability for each Plan is measured as the proportionate share of the net pension liability. The net pension liability of each of the Plans is measured as of June 30, 2023, and the total pension liability for each Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2022, rolled forward to June 30, 2023, using standard update procedures. The City's proportion of the net pension liability was based on a projection of the City's long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined. The City's change in the proportionate share of the net pension liability for each Plan as of the June 30, 2022, the measurement date and the June 30, 2023, measurement date was as follows:
Proportion - June 30, 2022
Proportion - June 30, 2023
Change - Increase (Decrease)
Miscellaneous
0.03319 %
0.05376
0.02057 %
Safety
0.04235
0.07318
0.03083
For the year ended June 30, 2024, the City recognized pension expense of $4,629,043 and $6,701,649, for the Miscellaneous and Safety plans, respectively. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
Contribution Made After the Measurement
Date
Difference Between Expected and Actual
Experience
Changes of Assumptions
Net Difference Between Projected and Actual
Earnings on Pension Plan Investments
Changes in proportion and differences between
employer contributions and proportionate share
of contributions
Total
Miscellaneous Plan
Deferred Deferred
Outflows of Inflows of
Resources Resources
$ 854,667 $
137,324 21,302
162,295
435,232
3,072,390 928,413
$ 4,661,908 $ 949,715
(76)
357
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 8 PENSION PLANS (CONTINUED)
C. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions (Continued)
Proportionate Share of Net Pension Liability and Pension (Income) Expense (Continued, Safety Plan
Deferred Deferred
Outflows of Inflows of
Resources Resources
Contribution Made After the Measurement
Date
Difference Between Expected and Actual
Experience
Changes of Assumptions
Net Difference Between Projected and Actual
Earnings on Pension Plan Investments
Changes in proportion and differences between
employer contributions and proportionate share
of contributions
Total
Contribution Made After the Measurement
Date
Difference Between Expected and Actual
Experience
Changes of Assumptions
Net Difference Between Projected and Actual
Earnings on Pension Plan Investments
Changes in proportion and differences between
employer contributions and proportionate share
of contributions
Adjustments Due to Difference in Proportions
Total
$ 1,236,862 $
401,615
319,249
748,596
34,382
2,480,646 1,732,746
$ 5,186,968 $ 1,767,128
Aggregate Total
Deferred Deferred
Outflows of Inflows of
Resources Resources
$ 2,091,529 $
538,939
481,544
1,183,828
55,684
5,553,036 2,661,159
$ 9,848,876 $ 2,716,843
(77)
358
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 8 PENSION PLANS (CONTINUED)
C. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions (Continued)
Proportionate Share of Net Pension Liability and Pension (Income) Expense (Continued, For the Miscellaneous Plan and Safety Plan, $854,667 and $1,236,862, respectively, were reported as deferred outflows of resources related to pensions resulting from City's contributions subsequent to the measurement date and will be recognized as a reduction of the net pension liability in the year ended June 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:
Measurement
Period
Ending June 30,
2025
2026
2027
2028
2029
Thereafter
Total
Deferred (Inflows) Outflows of Resources
Miscellaneous Safety
Plan
$1,857,725
923,942
63,372
12,487
$ 2,857,526
Plan Total
$1,598,123
456,651
107,310
20,894
$ 3,455,848
1,380,593
170,682
33,381
$ 2,182,978 $ 5,040,504
Actuarial Assumptions
The total pension liabilities in the June 30, 2022, actuarial valuations were determined using the following actuarial assumptions:
Actuarial Cost Method
Actuarial Assumptions:
Discount Rate
Inflation
Salary Increases
Investment Rate of Return
Mortality Rate Table
Post Retirement Benefit Increase
Entry Age Normal
6.90%
2.30%
Varies by Entry Age and Service
6.90%
Derived using CaIPERS'
Membership Data for all Funds.
Contract COLA up to 2.3% until
Purchasing Power Protection
Allowance Floor on Purchasing
Power applies, 2.3% thereafter.
(78)
359
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 8 PENSION PLANS (CONTINUED)
C. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions (Continued)
Actuarial Assumptions 'Continued,
The mortality table used was developed based on CaIPERS-specific data. The probabilities of mortality are based on the 2021 CaIPERS experience study for the period from 2001 to 2019. Pre -retirement and Post -retirement mortality rates include generational mortality improvement using 80% of Scale MP -2020 published by the Society of Actuaries. For more details on this table, please refer to the CaIPERS Experience Study and review of Actuarial Assumptions report from November 2021 that can be found on the CaIPERS website.
Long -Term Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a building-block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.
In determining the long-term expected rate of return, CaIPERS took into account both short- term and long-term market return expectations. Using historical returns all of the funds' asset classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 Basis points. The expected real rates of return by asset class are as follows:
Asset Class a)
Global Equity - Cap -Weighted
Global Equity - Non -Cap -Weighted
Private Equity
Treasury
Mortgage -Backed Securities
Investment Grade Corporates
High Yield
Emerging Market Debt
Private Debt
Real Assets
Leverage
Total
Assumed
Asset Real Return
Allocation a) (b)
30.00 % 4.45 %
12.00 3.84
13.00 7.28
5.00 0.27
5.00 0.50
10.00 1.56
5.00 2.27
5.00 2.48
5.00 3.57
15.00 3.21
(5.00) (0.59)
100.00 %
(a) An expected inflation of 2.30% used for this period (b) Figures are based on the 2021 Asset Liability Management study. (79)
360
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 8 PENSION PLANS (CONTINUED)
C. Pension Liabilities, Pension Expenses, and Deferred Outflows/Inflows of Resources Related to Pensions (Continued)
Discount Rate
The discount rate used to measure the total pension liability was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate
The following presents the City's proportionate share of the net position liability for the Plan, calculated using the discount rate for each Plan, as well as what the City's proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1 -percentage point lower or 1 -percentage point higher than the current rate:
Plan's Net Pension (Asset) Liability
1% Current 1%
Decrease Discount Rate Increase
(5.90%) (6.90%) (7.90%)
Miscellaneous
Safety
Total
$ 11,236,091 $ 2,688,135 $ (4,347,567)
20,736,371 5,470,210 (7,010,964)
$ 31,972,462 $ 8,158,345 $ (11,358,531)
Pension Plan Fiduciary Net Position
Detailed information about the pension plan's fiduciary net position is available in the separately issued CaIPERS financial reports.
D. Payable to the Pension Plan
At June 30, 2024, the City had no outstanding amounts owed to the pension plan for contributions for the year ended June 30, 2024.
(80)
361
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 9 OTHER POSTEMPLOYMENT BENEFIT PLAN
A. Summary
Deferred Outflows of Resources:
Employer Contributions Made
Subsequent to the Measurement
Date
Changes in Assumptions
Total Deferred Outflows of
Resources
Net OPEB liability
Deferred Inflows of Resources:
Changes in Assumptions
Difference Between Expected and
Actual Experience
Net Difference Between Projected
and Actual Earnings
Total Deferred Inflows of
Resources
OPEB Income
B. General Information About OPEB
Governmental Business -Type
Activities Activities
Total
$ 1,140,607 $ 31,624 $ 1,172,231
2,165,838 60,050 2,225,888
$ 3,306,445 $ 91,674 $ 3,398,119
$ 13,621,646 $ 377,671 $ 13,999,317
$ 6,329,457 $ 175,490 $ 6,504,947
5,320,395 147,513 5,467,908
66,295 1,838 68,133
$ 11,716,147 $ 324,841 $ 12,040,988
$ (1,254,472) $ (34,781) $ (1,289,253)
Plan Description
The City provides post -employment defined benefits to retired employees in the form of a contribution towards their health insurance premiums under the CaIPERS health plan, an agent multiple employer plan, that provides health insurance benefits to eligible retirees in accordance with various labor agreements. The minimum required retiree contributions are established by CaIPERS. Survivor benefits are not provided. Copies of the CaIPERS' annual financial report can be obtained from the CaIPERS Executive Office, 400 P Street, Sacramento, California 95814.
Eligibility
All employees hired prior to November 21, 1995, are in Tier I and become eligible for these benefits as long as they are 50 years of age or older and have worked for the City a minimum of five years and elect a service retirement from the City. The health benefits for Tier I retirees include medical, dental, optical, and life. These benefits are considered to be vested for Tier I employees. The City pays the same contribution for these benefits to Tier I employees as is paid to active employees. Vision benefits are also provided to Tier I employees who retired after September 30, 1990. The life insurance is available to Tier I retirees until they reach age of 70.
(81)
362
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 9 OTHER POSTEMPLOYMENT BENEFIT PLAN (CONTINUED)
B. General Information About OPEB (Continued)
All employees hired on or after November 21, 1995 are Tier I I . The City pays the minimum required medical insurance contribution established by CaIPERS for Tier II employees.
Membership in the plan consisted of the following at June 30, 2023, the date of the latest actuarial valuation:
Active Plan Members
Retirees
Total
172
147
319
C. Net OPEB Liability, OPEB Expense, and Deferred Outflows/Inflows of Resources Related to OPEB
Contributions
Benefit provisions and contribution requirements are established and may be amended through agreements and memorandums of understanding between the City, its management employees, and unions representing the City's employees. The plan does not require employee contributions.
The annual contribution is based on the actuarially determined contribution. For the fiscal year ended June 30, 2024, the City made contributions to the plan totaling $1,172,231 ($961,181 actual benefit payments and a $211,050 implicit subsidy credit).
Employees are not required to contribute to the plan.
Total OPEB Liability
The City's total OPEB liability was measured as of June 30, 2023. The total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of June 30, 2023. The total OPEB liability at June 30, 2024 was $16,925,813. (82)
363
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 9 OTHER POSTEMPLOYMENT BENEFIT PLAN (CONTINUED)
C. Net OPEB Liability, OPEB Expense, and Deferred Outflows/Inflows of Resources Related to OPEB (Continued)
Actuarial Assumptions
The total OPEB liability in the June 30, 2023, actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:
Actuarial Assumptions:
Discount Rate
Inflation
Aggregate Payroll Increases
Expected Long -Term Investment Rate of Return
Mortality, Termination, and Disability
Mortality Improvement Scale
Healthcare Trend Rate - Non -Medicare
Healthcare Trend Rate - Medicare
4.80% (Bond Buyer 20 -Bond Index)
2.30% Annually
2.80%
N/A
CaIPERS 2000-2019 Experience
Study
Modified projected fully generational
with Scale MP -2021
An annual healthcare cost trend
rate of 6.50% for 2023, decreasing
to an ultimate rate of 3.73% in 2075
An annual healthcare cost trend
rate of 5.40% for 2023, decreasing
to an ultimate rate of 3.73% in 2075
The actuarial assumptions used in the June 30, 2023, valuation were based on the results of the November 2021 CaIPERS experience study covering 2000 to 2019.
Discount Rate
The discount rate used to measure the total OPEB liability was 4.80% percent. This discount rate is the mid -point, rounded to five basis points of the range of three 20 -year municipal bond rate indices; S&P Municipal bond 20 Year High Grade Rate Index, Bond Buyer 20 -Bond GO Index, and Fidelity GO AA 20 Year Bond Index. (83)
364
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 9 OTHER POSTEMPLOYMENT BENEFIT PLAN (CONTINUED)
C. Net OPEB Liability, OPEB Expense, and Deferred Outflows/Inflows of Resources Related to OPEB (Continued)
Change in the Net OPEB Liability
Balance - June 30, 2022 (Measurement Date)
Changes Recognized for the Measurement Period:
Service Cost
Interest on the Total OPEB Liability
Changes of Benefit Terms
Difference Between Expected and Actual
Experience
Changes of Assumptions
Contributions from the Employer
Net Investment Income
Administrative Expenses
Benefit Payments
Net Changes
Balance - June 30, 2023 (Measurement Date)
Total OPEB
Liability
$ 18,314,761
296,493
639,487
(5,302)
(2,319,626)
(1,093,319)
Plan Fiduciary
Net Position
$
2,800,144
132,778
(6,426)
(1,093,319)
Net OPEB
Liability
$ 18,314,761
296,493
639,487
(5,302)
(2,319,626)
(2,800,144)
(132,778)
6,426
(2,482,267) 1,833,177 (4,315,444)
$ 15,832,494 $ 1,833,177 $ 13,999,317
Sensitivity of the Net OPEB Liability to Changes in the Discount Rate The following presents the net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using a discount rate that is 1 -percentage point lower (3.80%) or 1 -percentage point higher (5.80%) than the current discount rate:
OPEB Pension Plan
Plan's Total OPEB Liability
1%
Decrease
(3.80%)
$ 15,795,306
Current 1°/0
Discount Rate Increase
(4.80%) (5.80%)
$ 13,999,317 $ 12,494,238
Sensitivity of the Net OPEB Liability to Changes in the Health Care Cost Trend Rates The following presents the net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1 -percentage point lower or 1 -percentage point higher than the current healthcare cost trend rates:
Plan's Total OPEB Liability
Healthcare
1% Cost Trend 1%
Decrease Rates Increase
OPEB Pension Plan $ 12,330,488 $ 13,999,317 $ 16,003,695 (84)
365
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 9 OTHER POSTEMPLOYMENT BENEFIT PLAN (CONTINUED)
C. Net OPEB Liability, OPEB Expense, and Deferred Outflows/Inflows of Resources Related to OPEB (Continued)
OPEB Expense (Income), and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB
For the fiscal year ended June 30, 2024, the City recognized OPEB income of $1,289,253. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:
Deferred Deferred
Outflows Inflows
of Resources of Resources
Difference Between Expected and Actual Experience
Changes in Assumptions
Employer Contributions Made Subsequent to the
Measurement Date
Net Difference Between Projected and Actual
Earnings on OPEB Plan Investments
Total
2,225,888
1,172,231
$ 5,467,908
6,504,947
68,133
$ 3,398,119 $ 12,040,988
The difference between projected OPEB plan investment earnings and actual earnings is amortized over a five-year period. The remaining gains and losses are amortized over the expected average remaining service life. The expected average remaining service life is 8 years, which was determined as of July 1, 2021, the beginning of the measurement period, for employees covered by the OPEB plan benefit terms as of the valuation date.
$1,172,231 was reported as a deferred outflow of resources related to OPEB resulting from the City's contributions subsequent to the measurement date and will be recognized as a reduction of the net OPEB liability in the year ended June 30, 2025.
Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:
Fiscal Year Endinc June 30,
2025
2026
2027
2028
2029
Thereafter
Total
Deferred
Outflows
(Inflows)
of Resources
$ (1,794,047)
(1,614,941)
(1,346,967)
(1,734,415)
(1,910,495)
(1,414,235)
$ '9,815,100)
(85)
366
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 10 RISK MANAGEMENT AND SELF-INSURANCE PROGRAM
The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters.
The City participates in municipal agency risk pools for their property, workers' compensation, and excess liability coverage.
A. General Liability
The City is a member of the Public Agency Risk Sharing Authority of California (PARSAC), a joint powers authority, which provides joint protection programs for public entities covering automobile, general liability, errors and omission losses, workers' compensation, and property claims. Under the program, the City has a $100,000 retention limits similar to a deductible with the PARSAC being responsible for losses above that amount up to $1 million.
The PARSAC has additional coverage of $34 million in excess of its $1 million retention limit affiliated risk management authorities. The PARSAC also provides $1 billion aggregate per occurrence property coverage to its members with such coverage provided by purchased insurance.
B. Workers' Compensation
The City is a member of the Local Agency Workers' Compensation Excess (the LAWCX), a joint powers authority, which provides joint protection programs for public entities covering worker's compensation claims. Under the program, the City has a $250,000 retention limits similar to a deductible with the LAWCX being responsible for losses above that amount up to $4.7 million. The City has purchased excess coverage for workers' compensation excess of $5 million.
C. Other Insurance
The City has Crime Bond Insurance coverage as a member of PARSAC under Alliant Crime Insurance Program (the ACIP) excess of $2,500 up to $1 million. This insurance includes coverage for faithful performance of duty, forgery, or alteration, inside premises theft of money and securities, inside premises robbery and safety, burglary other property outside the premises, computer fraud, funds transfer fraud, and money orders and counterfeit paper currency fraud.
(86)
367
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 10 RISK MANAGEMENT AND SELF-INSURANCE PROGRAM (CONTINUED) C. Other Insurance (Continued)
A reconciliation of changes in aggregates for claims filed in the current and prior fiscal years are as follows:
Workers' Compensation:
2021-2022
2022-2023
2023-2024
General Liability:
2021-2022
2022-2023
2023-2024
Beginning
of Year
Liability
Current Year
Claims and
Changes in
Estimates
Claim
Payments
End
of Year
Liability
$ 3,435,173 $ 1,034,044 $ (762,874) $ 3,706,343
3,706,343 (267,259) (555,501) 2,883,583
2,883,583 470,637 (857,340) 2,496,880
Amounts
Due within
One Year
$ 926,586
720,896
624,220
$ 435,330 $ 272,173 $ 601,365 $ 1,308,868 $ 327,217
1,308,868 (139,773) (1,334) 1,167,761 278,190
1,167,761 1,074,374 (918,099) 1,324,036 317,259
NOTE 11 CLASSIFICATION OF FUND BALANCES
Amounts
Due in
more than
One Year
$ 2,779,757
2,162,687
1,872,660
$ 981,651
889,571
1,006,777
At June 30, 2024, fund balances are classified in the governmental funds as follows:
Nonspendable:
Inventory
Prepaid Items
Loans Receivable
Total Nonspendable
Restricted:
Public Safety
Public Works
Community Development
Community Services
Debt Service
Grant Programs
Transportation
Park Development
Street Maintenance
Air Quality
Housing
Pension Stability
Total Restricted
Committed:
Measure U - Infrastructure
Total Committed
Unassigned
General
Fund
$ 21,542
88,009
786,121
895,672
1,643, 582
1,643, 582
1,036,860
1,036, 860
14,795,659
Citywide
Development
Impact Fee
Special
Revenue Fund
Placentia
Regional
Navigation
Center
$ - $
3,281
3,281
2,375,781
2,375,781
(2,628,658)
Debt
Service Fund
8,013,519
8,013,519
Non major
Governmental
Funds
1,668,812
1,479,117
1,933,711
1,867
87,394
617,869
20,903
517,279
312,566
2,087,696
Total
$ 21,542
91,290
786,121
898,953
1,668,812
1,479,117
4,309,492
1,867
8,100, 913
617,869
20,903
517,279
312,566
2,087,696
1,643,582
8,727,214 20,760,096
1,036,860
1,036,860
(1,352,350) 10,814,651
Total Fund Balances $ 18,371,773 $ 2 379 062 $ (2,628,658) $ 8,013 519 $ 7,374 864 33 510 560
(87)
368
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 12 COMMITMENTS AND CONTINGENCIES
A. Commitments
The City had several outstanding or planned construction and other projects as of June 30, 2024. These projects are evidenced by contractual commitments with contractors or other agencies and include:
Pro.ects Commitment
Buildings
Improvements Other Than Buildings
Infrastructure - Streets
Infrastructure - Traffic
Infrastructure - Sewer
Infrastructure - Parks
Infrastructure - Major Studies
Machinery & Equipment
Vehicles
Building & Facilities
Public Safety Building
Total
$ 25,527
566,414
1,848,928
58,641
201,111
501,654
204,784
170,542
24,087
364,186
6,577,199
$ 10,543,073
The City has various outstanding purchase commitments. Total commitments at June 30, 2024 are as follows:
Governmental Funds:
General Fund
Other Governmental Funds
Total
B. Contingencies
Outstanding
Purchase
Commitments
$ 1,401,736
1,222,312
$ 2,624,048
The City is a defendant in a number of lawsuits, which have arisen in the normal course of business. While substantial damages are alleged in some of these actions, their outcome cannot be predicted with certainty.
C. Grants
Amounts received or receivable from granting agencies are subject to audit and adjustment by grantor agencies. While no matters of noncompliance were disclosed by the audit of the financial statements or single audit of the Federal grant programs, grantor agencies may subject grant programs to additional compliance tests, which may result in disallowed costs. In the opinion of management, future disallowances of current or prior grant expenditures, if any, would not have a material adverse effect on the financial position of the City.
(88)
369
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 13 OTHER REQUIRED FUND DISCLOSURES
A. Expenditures in Excess of Appropriation
Excess of expenditures over appropriations occurred in individual funds during the year ended June 30, 2024, as follows:
Expenditure
in Excess of
Expenditures A3propriation Appropriations
Special Revenue Funds:
Street Lighting
Measure M
Landscape Maintenance District
Housing and Community Development
NOC Public Safety
EFID
Debt Service Funds:
Major Debt Service Fund
$ 549,040 $ 171,500 $ (377,540)
1,238,960 1,200,374 (38,586)
501,359 432,867 (68,492)
443,353 390,061 (53,292)
62,313 56,700 (5,613)
28,144 (28,144)
4,322,471
4,083,700 (238,771)
B. Deficit Net Position and Fund Balances
Funds with deficit net position/fund balance at June 30, 2024, are as follows:
Deficit Deficit
Fund Balance Net Position
Special Revenue Funds:
Placentia Regional Navigation Center (Major Fund)
Miscellaneous Grants
Landscape Maintenance District 92-1
Housing and Community Development
Gasoline Tax
Sewer Construction
Total
(2,628,658)
(468,204)
(56,727)
(511,160)
(16,741)
(123,349)
$ (3,804,839)
Capital Projects Fund:
City Capital Projects $ (176,169)
Internal Service Fund:
Risk Management $ (1,545,135)
At June 30, 2024, the City's governmental activities had an unrestricted net position deficit of $(63,541,165) on the statement of net position. This deficit was created from the implementation of GASB Statement 68 (Net Pension Liability) in fiscal year 2015 and the implementation of GASB Statement 75 (Total OPEB Liability) in 2018. The City expects to eliminate the deficit via increased pension and OPEB contributions consistent with the amortization schedules provided by the City's pension and OPEB administrators.
(89)
370
CITY OF PLACENTIA
NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
NOTE 14 ACCOUNTING CHANGE
A. Change within the Financial Reporting Entity
Change in Fund Presentation from Nonmajor to Ma.or
In prior years, the Placentia Regional Navigation Center Special Revenue Fund has been reported as a nonmajor governmental fund. In the current year, this fund met the criteria to be reported as a major governmental fund. The effect of this change within the financial reporting entity is shown in the table below
June 30, 2023, Change Within
as Previously the Financial June 30, 2023,
Reported Reporting Entity as Ad'usted
Governmental Funds:
Major Funds:
General Fund
Citywide Development Impact Fee
Fund
Placentia Regional Navigation Center
Fund
Debt Service Fund
Nonmajor Funds
Total Governmental Funds
$ 26,712,756 $ - $ 26,712,756
4,474,906 4,474,906
4,153,709
6,354,937
(1,635,925)
1,635,925
$ 41,696,308 $
(1,635,925)
4,153,709
7,990,862
$ 41,696,308
(90)
371
REQUIRED SUPPLEMENTARY INFORMATION
(UNAUDITED)
372
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373
CITY OF PLACENTIA
BUDGETARY COMPARISON SCHEDULE -
GENERAL FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Taxes
Intergovernmental
Licenses and Permits
Fines and Forfeitures
Investment Income
Charges for Services
Leases and Rents
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Community Development
Community Services
Capital Outlay
Debt Service:
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
REVENUE OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Issuance of Debt
Payment to Escrow for Refunding Debt
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ 45,048,523 $ 45,274,180 $ 45,847,060 $ 572,880
280,000 4,380,950 2,717,309 (1,663,641)
2,985,000 2,851,000 2,535,885 (315,115)
452,500 465,000 548,960 83,960
600,000 600,000 1,175,860 575,860
1,245,500 1,350,500 1,441,304 90,804
1,061,000 1,061,000 1,677,641 616,641
790,500 805,500 1,125,980 320,480
52,463,023 56,788,130 57,069,999 281,869
14,716,090 15,560,790 15,336,829 223,961
18,116,117 19,044,953 18,491,792 553,161
4,785,070 4,956,521 5,350,268 (393,747)
1,571,100 1,824,507 1,809,970 14,537
2,947,452 3,339,704 3,431,853 (92,149)
8,850,780 29,992,467 22,021,540 7,970,927
1,505,500 1,505,500 2,366,341 (860,841)
696,700 171,700 231,958 (60,258)
53,188,809 76,396,142 69,040,551 7,355,591
(725,786) (19,608,012) (11,970,552) 7,637,460
- - 2,017,510 2,017,510
1,365,895 494,900 6,108,943 5,614,043
(5,652,414) (6,017,309) (4,496,884) 1,520,425
(4,286,519) (5,522,409) 3,629,569 9,151,978
$ (5,012,305) $ (25,130,421) (8,340,983) $ 16,789,438
See accompanying Notes to Budgetary Comparison Schedules. (91)
26, 712, 756
$ 18,371,773
374
CITY OF PLACENTIA
BUDGETARY COMPARISON SCHEDULE -
CITYWIDE DEVELOPMENT IMPACT FEE SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
REVENUES
Investment Earnings
Contributions
Miscellaneous
Total Revenues
EXPENDITURES
Current:
Public Safety
Capital Outlay
Total Expenditures
REVENUE OVER (UNDER) EXPENDITURES
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
Budgeted Amounts
Original Final
Actual
Amounts
$ - $ - $
1,601,383 1,601,383
1,601,383 1,601,383
40,000
185,000
225,000
72,851
355,903
2,785
431,539
126,000 95,820
3,376,799 2,431,563
3,502,799 2,527,383
Variance with
Final Budget
Positive
(Negative)
$ 72,851
(1,245,480)
2,785
(1,169,844)
30,180
945,236
975,416
1,376,383 (1,901,416) (2,095,844) (194,428)
$ 1,376,383 $ (1,901,416) (2,095,844) $ (194,428)
See accompanying Notes to Budgetary Comparison Schedules. (92)
4,474,906
$ 2,379,062
375
CITY OF PLACENTIA
BUDGETARY COMPARISON SCHEDULE -
PLACENTIA REGIONAL NAVIGATION CENTER SPECIAL REVENUE FUND YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental
Contributions
Total Revenues
EXPENDITURES
Current:
Public Safety
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ 2,394,700 $ 2,394,700 $ 1,287,053 $ (1,107,647)
2,394,700 2,394,700
2,394,700 2,403,711
1,287,053 (1,107,647)
2,126,486 277,225
150,000 153,300 (3,300)
2,394,700 2,553,711
See accompanying Notes to Budgetary Comparison Schedules. (93)
2,279,786 273,925
$ (159,011) (992,733) $ (833,722)
(1,635,925)
$ (2,628,658)
376
CITY OF PLACENTIA
NOTES TO BUDGETARY COMPARISON SCHEDULES -
YEAR ENDED JUNE 30, 2024
Budgetary Control and Accounting Policy
The City prepares its budgets on the basis of estimated revenues and expenditures and, accordingly, the budget amounts included in the accompanying financial statements are presented on a basis substantially consistent with generally accepted accounting principles. Encumbrance accounting is utilized during the fiscal year, whereby purchase orders, contracts, and other commitments are recorded in order to control appropriations. However, at fiscal year-end, all appropriations lapse.
Accordingly, encumbrances are cancelled and generally are re -appropriated as part of the following year's budget. Encumbrances are not included in reported expenditures.
Annual budgets are adopted for the General Fund, Special Revenue Funds, Debt Service Funds, and Capital Projects Funds. The City Council approves total budgeted appropriations and any amendments to appropriations throughout the year. In 2024, the City did not create a budget for the following governmental special revenue funds: Park Development, Storm Drain, Traffic Offender, Sewer Construction, Affordable Housing In -Lieu, Community Based Transitional Housing Grant, Housing Successor, Orangethorpe Corridor, Fire Impact Fee, Animal Shelter Impact Fee, and Opioid Settlement.
The budgetary level of control for all governmental fund types is the fund level. The City Administrator has the discretion to transfer appropriations between departments within a fund, but transfers between funds must be approved by the City Council.
(94)
377
CITY OF PLACENTIA
SCHEDULE OF THE CITY'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITIES AND RELATED RATIOS -
MISCELLANEOUS PLAN
LAST TEN FISCAL YEARS
Fiscal Year Ended
Measurement Date
Plan's Proportion of the Net Pension Liability
Plan's Proportionate Share of the Net Pension Liability Plan's Covered Payroll
6/30/2024 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2014
0.05376% 0.03319% -0.45585% 0.38926% 0.14843% 0.14479% 0.14212% 0.14024% 0.13337% 0.13850% $ 2,688,135 $ 1,552,976 $ 16,419,169 $ 16,419,169 $ 15,209,436 $ 13,952,246 $ 14,094,828 $ 12,135,165 $ 9,154,245 $ 8,617,803 $ 8,115,390 $ 7,062,718 $ 6,733,121 $ 5,725,763 $ 5,027,138 $ 4,966,210 $ 4,171,235 $ 4,140,888 $ 3,220,454 $ 3,712,315 Plan's Proportionate Share of the Net Pension Liability as a Percentage of Covered Payroll 33.12%
21.99% 243.86% 286.76% 302.55% 332.34% 345.80% 293.06% 284.25% 232.14% Plan's Fiduciary Net Position $ 60,515,009 $ 60,033,972 $ 40,663,791 $ 40,663,791 $ 41,142,220 $ 40,682,189 $ 39,816,871 $ 38,103,697 $ 40,735,920 $ 42,161,022 Plan's Fiduciary Net Position as a Percentage of the
Total Pension Liability
95.75% 97.48% 71.24% 71.24% 73.01% 74.46% 73.86% 75.85% 81.65% 83.03% Plan's Proportionate Share of Aggregate Employer
Contributions $ 2,515,714 $ 3,114,009 $ 2,642,842 $ 1,383,994 $ 1,139,534 $ 932,993 $ 785,438 $ 667,441 $ 383,155 $ 412,406 Notes to Schedule:
Benefit Changes:
There were no changes in benefits.
Changes in Assumptions:
From fiscal year June 30, 2015 to June 30, 2016:
GASB 68, paragraph 68 states that the long-term expected rate of return should be determined net of pension plan investment expense but without reduction for pension plan administrative expense. The discount rate of 7.50% used for the June 30, 2014 measurement date was net of administrative expenses. The discount rate of 7.65% used for the June 30, 2015 measurement date is without reduction of pension plan administrative expense.
From fiscal year June 30, 2016 to June 30, 2017: There were no changes in assumptions.
From fiscal year June 30, 2017 to June 30, 2018:
In fiscal year 2017-2018, the financial reporting discount rate was reduced from 7.65% to 7.15%. Deferred outflows of resources and deferred inflows of resources for changes of assumptions represent the unamortized portion of this assumption change and the unamortized portion of the changes of assumptions related to prior measurement periods.
From fiscal year June 30, 2018 to June 30, 2019:
In 2018, demographic assumptions and inflation rate were changed in accordance to the CaIPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate.
From fiscal year June 30, 2019 to June 30, 2020:
In fiscal year 2019-2020, the financial reporting discount rate was reduced from 7.375% to 7.150%. The inflation rate was reduced from 2.75% to 2.50% in fiscal year 2019-2020.
From fiscal year June 30, 2020 to June 30, 2021: There were no changes in assumptions.
From fiscal year June 30, 2021 to June 30, 2022: There were no changes in assumptions.
From fiscal year June 30, 2022 to June 30, 2023: In fiscal year 2022-2023, the financial reporting discount rate was reduced from 7.150% to 6.900%.
From fiscal year June 30, 2023 to June 30, 2024: There were no changes in assumptions. (95)
378
CITY OF PLACENTIA
SCHEDULE OF THE CITY'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITIES AND RELATED RATIOS -
SAFETY PLAN
LAST TEN FISCAL YEARS
Fiscal Year Ended
Measurement Period
Plan's Proportion of the Net Pension Liability
Plan's Proportionate Share of the Net Pension Liability Plan's Covered Payroll
Plan's Proportionate Share of the Net Pension Liability as a Percentage of Covered Payroll
Plan's Fiduciary Net Position
Plan's Fiduciary Net Position as a Percentage of the
Total Pension Liability
Plan's Proportionate Share of Aggregate Employer
Contributions
Notes to Schedule:
Benefit Changes:
There were no changes in benefits.
6/30/2024 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2014
0.07318% 0.04235% -0.41630% 0.44230% 0.26351% 0.27222% 0.27242% 0.28572% 0.30267% 0.30596% $ 5,470,210 $ 2,910,326 $ 29,467,303 $ 29,467,303 $ 27,002,144 $ 26,231,540 $ 27,017,047 $ 24,723,412 $ 20,774,757 $ 19,038,500 $ 5,760,486 $ 5,428,571 $ 5,414,606 $ 4,822,533 $ 4,385,233 $ 4,383,655 $ 4,193,517 $ 4,142,921 $ 4,074,947 $ 4,323,789
94.96% 53.61% 544.22% 611B3% 653.79% 654.18% 644.26% 596.76% 509.82% 440.32% $ 111,283,833 $ 104,039,873 $ 69,454,497 $ 69,454,497 $ 69,385,418 $ 65,913,238 $ 62,459,293 $ 58,150,629 $ 60,121,518 $ 61,484,214
95.31% 97.28% 70.21% 70.21% 71.99% 71.53% 69.81% 70.17% 74.32% 76.36% $ 4,216,661 $ 6,941,085 $ 6,061,344 $ 2,517,884 $ 2,108,590 $ 3,034,432 $ 2,753,462 $ 2,568,441 $ 2,175,167 $ 2,157,763 Changes in Assumptions:
From fiscal year June 30, 2015 to June 30, 2016:
GASB 68, paragraph 68 states that the long-term expected rate of retum should be determined net of pension plan investment expense but without reduction for pension plan administrative expense. The discount rate of 7.50% used for the June 30, 2014 measurement date was net of administrative expenses. The discount rate of 7.65% used for the June 30, 2015 measurement date is without reduction of pension plan administrative expense.
From fiscal year June 30, 2016 to June 30, 2017: There were no changes in assumptions.
From fiscal year June 30, 2017 to June 30, 2018:
In fiscal year 2017-2018, the financial reporting discount rate was reduced from 7.65% to 7.15%. Deferred outflows of resources and deferred inflows of resources for changes of assumptions represent the unamortized portion of this assumption change and the unamortized portion of the changes of assumptions related to prior measurement periods.
From fiscal year June 30, 2018 to June 30, 2019:
In 2018, demographic assumptions and inflation rate were changed in accordance to the CaIPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate.
From fiscal year June 30, 2019 to June 30, 2020:
In fiscal year 2019-2020, the financial reporting discount rate was reduced from 7.375% to 7.150%. The inflation rate was reduced from 2.75% to 2.50% in fiscal year 2019-2020.
From fiscal year June 30, 2020 to June 30, 2021: There were no changes in assumptions.
From fiscal year June 30, 2021 to June 30, 2022: There were no changes in assumptions.
From fiscal year June 30, 2022 to June 30, 2023: In fiscal year 2022-2023, the financial reporting discount rate was reduced from 7.150% to 6.900%.
From fiscal year June 30, 2023 to June 30, 2024: There were no changes in assumptions. (96)
379
CITY OF PLACENTIA
SCHEDULE OF CITY'S PENSION CONTRIBUTIONS -
MISCELLANEOUS PLAN
LAST TEN FISCAL YEARS
Fiscal Year 2023-24 2022-23 2021-22 2020-21 2019-20 2018-19 2017-18 2016-17
2015-16 2014-15
Contractually Determined Contribution
(Actuarially Determined) $ 854,667 $ 710,758 $ 589,881 $ 1516,621 $ 1,383,994 $ 1,139,534 $ 932,993 Contributions in Relation to the Actuarially
Determined Contributions (854,667) (710,758) (589,881) (17,663,643) (1,383,994) (1,139,534) (932,993) Contribution Deficiency (Excess) $ $ $ $ (16,147,022) $ $ $ $ 785,438 $ 667,441 $ 383,155
(785,438) (667,441) (383,155)
$ $
Covered Payroll $ 9,790,895 $ 8,115,390 $ 7,062,718 $ 6,733,121 $ 5,725,763 $ 5,027,138 $ 4,966,210 $ 4,171,235 $ 4,140,888 $ 3,220,454 Contributions as a Percentage of Covered Payroll 8.73% 8.76% 8.35% 262.34% 31.07% 26.35% 22.22% 19.27% 16.12% 11.90% Notes to Schedule:
Valuation Date
Methods and Assumptions Used
to Determine
Contribution Rates:
Actuarial Cost Method
Amortization Method
Asset Valuation Method
Inflation
Salary Increases
Investment Rate of Return
Retirement Age
Mortality
6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2014 6/30/2013 Entry age Entry age Entry age Entry age Entry age Entry age Entry age Entry age Entry age Entry age (1) (1) (1) (1) (1) (1) (1) (1) (1) (1)
Fair Value Fair Value Fair Value Fair Value Fair Value Fair Value Fair Value Fair Value Fair Value 15 Year Smoothed
Market Method
2.30% 2.30% 2.50% 2.50% 2.50% 2.75% 2.75% 2.75% 2.75% 2.75% (2) (2) (2) (2) (2) (2) (2) (2) (2) (2)
6.9% (3) 6.9% (3) 7.150% (3) 7.150% (3) 7.150% (3) 7.375% (3) 7.50% (3) 7.50% (3) 7.50% (3) 7.50% (3) (4) (4) (4) (4) (4) (4) (4) (4) (4) (4)
(5) (5) (5) (5) (5) (5) (5) (5) (5) (5)
(1) Level percentage of payroll, closed
(2) Depending on age, service, and type of employment
(3) Net of pension plan investment expense, including inflation (4) 50 for all plans with the exception of 52 for Miscellaneous PEPRA 2%@62** (5) Mortality assumptions are based on mortality rates resulting from the most recent CaIPERS Experience Study adopted BR the CaIPERS Board. (97)
380
CITY OF PLACENTIA
SCHEDULE OF CITY'S PENSION CONTRIBUTIONS -
SAFETY PLAN
LAST TEN FISCAL YEARS
Fiscal Year
Contractually Determined Contribution
(Actuarially Determined)
Contributions in Relation to the Actuarially
Determined Contributions
2023-24 2022-23
2021-22 2020-21
2019-20 2018-19
2017-18 2016-17
2015-16 2014-15
$ 1,236,862 $ 1,095,286 $ 1,015,425 $ 2,561,365 $ 2,519,683 $ 2,108,590 $ 3,034,432 $ 2,753,462 $ 2,568,441 $ 2,175,167 Contribution Deficiency (Excess) $
1,236,862) (1,095,286) (1,015,425) (30,597,527) (2,519,683) (2,108,590) (3,034,432) (2,753,462) (2,568,441) (2,175,167) - $ - $ - $ (28,036,162) $ - $ - $
Covered Payroll $ 6,360,119 $ 5,760,486 $ 5,428,571 $ 5,414,606 $ 4,822,533 $ 4,385,233 $ 4,383,655 $ 4,193,517 $ 4,142,921 $ 4,074,947 Contributions as a Percentage of Covered
Payroll
Notes to Schedule:
Valuation Date
Methods and Assumptions Used
to Determine
Contribution Rates:
Actuarial Cost Method
Amortization Method
Asset Valuation Method
Inflation
Salary Increases
Investment Rate of Return
Retirement Age
Mortality
19.45% 19.01% 18.71% 565.09% 52.25% 48.08% 69.22% 65.66% 62.00% 53.38% 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2014 6/30/2013 Entry age Entry age Entry age Entry age Entry age Entry age Entry age Entry age Entry age Entry age (1.00) (1.00) (1.00) (1.00) (1) (1) (1) (1) (1) (1)
Fair Value Fair Value Fair Value Fair Value Fair Value Fair Value Fair Value Fair Value Fair Value 15 Year Smoothed
Market Method
2.30% 2.30% 2.50% 2.50% 2.50% 2.75% 2.75% 2.75% 2.75% 2.75% (2) (2) (2) (2) (2) (2) (2) (2) (2) (2)
6.9% (3) 6.9% (3) 7.150% (3) 7.150% (3) 7.150% (3) 7.375% (3) 7.50% (3) 7.50% (3) 7.50% (3) 7.50% (3) (4) (4) (4) (4) (4) (4) (4) (4) (4) (4)
(5) (5) (5) (5) (5) (5) (5) (5) (5) (5)
(1) Level percentage of payroll, closed
(2) Depending on age, service, and type of employment
(3) Net of pension plan investment expense, including inflation (4) 50 for all plans with the exception of 52 for Miscellaneous PEPRA 2%@62— (5) Mortality assumptions are based on mortality rates resulting from the most recent CaIPERS Experience Study adopted BR the CaIPERS Board. (98)
381
CITY OF PLACENTIA
SCHEDULE OF CHANGES IN NET OPEB LIABILITY AND RELATED RATIOS
LAST SEVEN FISCAL YEARS
Measurement Period, Year Ending:
Total OPEB Liability:
Service Cost
Interest
Changes of Benefit Terms
Differences Between Expected and Actual Experience
Changes of Assumptions
Benefit Payments, Including Refunds of Member
Contributions
Net change in Total OPEB Liability
6/30/2023 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 $ 296,493 $ 491,712 $ 532,568 $ 359,454 $ 542,976 $ 569,606 $ 675,000 639,487 536,526 691,435 919,735 1,092,405 1,032,870 899,000 (5,302)
(2,319,626)
(1,093,319)
(2,482,267)
Total OPEB Liability - Beginning 18,314,761
Total OPEB Liability - Ending (a)
OPEB Fiduciary Net Position:
Contributions - Employer
Net Investment Income
Benefit Payments, Including Refunds of Member
Contributions
Administrative Expense
Net Change in Plan Fiduciary Net Position
Plan Fiduciary Net Position - Beginning
Plan Fiduciary Net Position - Ending (b)
Plan Net OPEB Liability - Ending (a) - (b)
Plan Fiduciary Net Position as a Percentage of the
Total OPEB Liability
15,832,494
(2,064,492)
(4,427,399)
(4,989,665)
(1,506,167)
(1,132,073) (1,143,510)
(6,595,726) (6,415,339)
24,910,487 31,325,826
18,314,761
24,910,487
4,699,117
(2,606,242)
332,593
(1,142,314) (1,112,888)
4,835,992 (1,751,156)
26,489,834 28,240,990
31,325,826
26,489,834
(1,089,486) (3,058,000)
(1,107,000) (1,116,000)
(594,010) (2,600,000)
28,835,000 31,435,000
28,240,990
28,835,000
$ 2,800,144 $ 1,132,073 $ 1,146,160 $ 1,146,160 $ 1,142,314 $ 1,112,888 $ 1,116,000 132,778 - - -
(1,093,319) (1,132,073) (1,146,160) (1,146,160) (1,142,314) ,6,426) -
1,833,177 - -
1,833,177
13,999,317
18,314,761
24,910,487
31,325,826
26,489,834
(1,112,888) (1,116,000)
28,240,990
28,835,000
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Covered -Employee Payroll $ 18,881,076 $ 17,448,843 $ 13,993,405 $ 12,286,189 $ 11,810,189 $ 11,466,203 $ 9,367,000 Plan Net OPEB Liability as a Percentage of Covered
Payroll
0% 0% 178% 255% 224% 239% 308%
Notes to Schedule:
For the June 30, 2023, measurement date, the discount rate was updated based on the municipal bond rate as of the measurement date.
There are no assets accumulated in a trust that meet the criteria to pay related benefits for the OPEB plan. 1 Historical information is only presented for measurement periods after GASB 75 implementation. (99)
382
CITY OF PLACENTIA
SCHEDULE OF CITY'S OPEB CONTRIBUTIONS
LAST SEVEN FISCAL YEARS
Fiscal Year 1
Actuarially Determined Contribution
Contributions in Relation to the Actuarially Determined Contribution
Contribution Deficiency (Excess)
Covered Payroll
Contributions as a Percentage of Covered Payroll
Notes to Schedule:
Valuation Date
Methods and Assumptions Used to Determine
Contribution Rates:
Actuarial Cost Method
Amortization Method/Period
Inflation
Salary Increases
Payroll Growth
Discount Rate
Mortality, Retirement, Disability, and Termination
Mortality Improvement
2023-24 2022-23
2021-22 2020-21
2019-20
2018-19
2017-18
$ 1,086,065 $ 1,093,319 $ 1,132,073 $ 1,146,160 $ 1,142,314 $ 1,112,888 $ 1,107,000 (1,172,231) (2,800,144)
$ (86,166)
1,706,825)
(1,132,073) (1,146,160)
(1,142,314)
(1,112,888) (1,107,000)
$ 18,881,076 $ 18,881,076 $ 17,448,843 $ 13,993,405 $ 12,286,189 $ 11,810,189 $ 11,466,203
6.21% 14.83% 6.49% 8.19%
6/30/2023 6/30/2022 6/30/2021 6/30/2020
Entry Age Normal
Level Percentage of Payroll
2.30% Annually
Aggregate 2.80% Annually, Merit - CaIPERS 2000-2019 Experience Study
2.80%
3.54% (Bond Buyer 20 -Bond Index)
CaIPERS Experience Study 2000-2019
Post -retirement mortality projected fully generational with Scale MP -2021 ' Historical information is only presented for measurement periods after GASB 75 implementation. (100)
9.30%
6/30/2019
9.42%
6/30/2017
9.65%
6/30/2017
383
SUPPLEMENTARY INFORMATION
384
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385
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
DEBT SERVICE FUND (MAJOR FUND)
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Necative)
REVENUES
Investment Earnings
Total Revenues
EXPENDITURES
Debt Service:
General Government
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
$ - $ - $ 479,186 $ 479,186
- - 479,186 479,186
1,860,000
1,959,000
3,819,000
REVENUE OVER (UNDER) EXPENDITURES (3,819,000)
OTHER FINANCING SOURCES
Issuance of Debt
Bond Premium
Transfers In
Transfers Out
Total Other Financing Sources
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
- 2,499 (2,499)
1,860,000 1,860,000 -
2,223,700 2,459,972 (236,272)
4,083,700 4,322,471 (238,771)
(4,083,700) (3,843,285) 240,415
- 9,190,000 9,190,000
- - 352,179 352,179
3,819,000 4,083,700 4,083,700 -
- - (5,922,784) (5,922,784)
3,819,000 4,083,700 7,703,095 3,619,395
$
- $ - 3,859,810 $ 3,859,810
4,153, 709
$ 8,013,519
(101)
386
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(102)
387
NONMAJOR GOVERNMENTAL FUNDS
Miscellaneous Grants Special Revenue Fund — to account for federal, state, county, or other grants received which are not otherwise separately accounted for in other funds.
Park Development Special Revenue Fund — to account for in lieu fees charged to developers on a per unit basis for park development and rehabilitation.
Street Lighting Special Revenue Fund — to account for funds received from special assessments on property owners to provide street lighting in areas of the City not covered by the County lighting district.
Measure M Special Revenue Fund — to account for funds received by the City as a result of the voter - approved ballot measure in 1990 and extended by voter approval in 2006 to increase sales tax by Y2`)/0 in Orange County to fund transportation projects.
Storm Drain Construction Special Revenue Fund — to account for funds restricted by state law to be spent on storm drain construction, which are received from acreage fees placed on developers at the time of development. The City is divided into eight storm drain areas and funds can be expended only within the area in which funds are collected.
Thoroughfare Construction Special Revenue Fund — to account for funds restricted by City ordinance to be spent for traffic signal, bridge, and culvert construction, which are received from acreage fees placed on developers at the time of development.
Asset Seizure Special Revenue Fund — to account for monies seized from criminal activities. Revenues are restricted for use in law enforcement.
Traffic Offender Special Revenue Fund — to account for revenue generated from driving under the influence (DUI) administrative impound fees that are restricted to be spent on traffic enforcement activities, including, but not limited to, personnel, training, and equipment costs.
Supplemental Law Enforcement Special Revenue Fund — to account for the receipts and expenditures of funds resulting from the Citizen's Option for Public Safety (COPS) program, a state funded program, which are restricted for front line municipal police services.
Air Quality Special Revenue Fund — to account for the City's portion of motor vehicle registration fees collected pursuant to AB2766 passed during the 1990 state legislative session. This fee was levied to fund programs to reduce air pollution from mobile sources, such as cars, trucks, and buses.
Landscape Maintenance District 92-1 Special Revenue Fund — to account for benefit assessments levied under the Landscaping and Lighting Act of 1972, restricted for maintenance, operation, and administration of landscape improvements in certain areas of the City.
Housing and Community Development Special Revenue Fund — to account for U.S. Housing and Community Development Department grants requiring segregated fund accounting, such as the Community Development Block Grant program.
(103)
388
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
Gasoline Tax Special Revenue Fund — to account for receipts and expenditures of money apportioned under Streets and Highways Code Sections 2103, 2105, 2106, 2107, and 2107.5 of the state of California. These funds are earmarked for maintenance, rehabilitation, or improvement of public streets.
Sewer Construction Special Revenue Fund — to account for funds restricted by state law to be spent on sewer construction, which are received from acreage fees placed on developers at the time of development.
PEG Special Revenue Fund — to account for a portion of funds received from cable television franchise fees that are restricted for use for Public, Educational, and Governmental (PEG) access channels and related programming.
Affordable Housing in Lieu Fund — to account for the receipt and expenditure of developer fees restricted for affordable housing purposes.
SB1 Gas Tax Fund — to account for the receipts and expenditures of Road Maintenance and Rehabilitation Account (RMRA) funds resulting from the Road Repair and Accountability Act of 2017 (SB 1). Funds are restricted for maintenance, rehabilitation or improvement of streets, freeways, bridges, and other transit related improvements.
North Orange County Public Safety Grant Fund — to account for the receipts and expenditures of the North Orange County Public Safety Task Force (NOC) grant funds to the City. Funds are restricted to be used for law enforcement activities, including, but not limited to, pertaining to violence prevention, intervention, and suppression activities.
Community Based Transitional Housing Grant Fund — to account for the receipts and expenditures of the Community -Based Transitional Housing Program Grant awarded by the state of California Department of Finance. Funds are restricted to be used to provide transitional support housing that provides treatment and reentry programming to individuals who will benefit from those services.
TOD Impact Fee Special Revenue Fund — to account for the receipts and expenditures of new development impact on the City's sewer collection system in the City's Transit -Oriented Development Zone (TOD). Funds are restricted within the TOD project area, including, but not limited to acquisition, financing, construction, and reconstruction of sanitary or sewer facilities and infrastructure in the TOD.
General Plan Update Fee Fund — to account for the accumulation of General Plan update fees that are charged on building permits. Expenditures are restricted to update the City General Plan or other specific plans.
Technology Impact Fee Fund — to account for the accumulation of technology fees charged on building permits. Expenditures are restricted for the acquisition and construction of technology improvements. (104)
389
NONMAJOR GOVERNMENTAL FUNDS (CONTINUED)
Housing Successor Fund — to account for the residual balance of the former low- and moderate -income housing fund of the former Placentia Redevelopment Agency, and revenues and expenditures related to such housing projects and programs.
Orangethorpe Corridor Fund — to account for financing and construction of all rail projects within the boundaries of the City.
Cal Recycle Grant Fund — to account for the receipts and expenditures related to the funding received from CalRecycle grants related to recycling and material diversion programs.
Enhanced Infrastructure Financing District (EIFD) — to account for revenue and expenditures for the EIFD established with the County of Orange. The purpose of the EIFD is to finance public capital facilities or other specified projects of community -wide significance that provide benefits to the district or the surrounding community.
Fire Impact Fee Fund — to account for revenues and expenditures associated with new development within Placentia for fire protection -related services. The purpose of the fire impact fee is to fund the cost of fire protection and emergency response facilities, apparatus, and equipment attributable to new residential and nonresidential development in the City. The fire impact fee will ensure that new development will not burden existing development with the cost of expanded facilities, apparatus, and equipment required to accommodate growth as it occurs within the City.
Animal Shelter Impact Fee Fund — to account for the revenues and expenditures associated with the cost of animal shelter facilities for new residential development in the City. The animal shelter impact fee will ensure that new development will not burden existing development with the cost of expanded animal shelter facilities required to accommodate growth as it occurs within the City.
Opioid Settlement Fund — to account for the distribution of monies received from the California Opioid Settlement Funds. Expenditures are restricted for opioid remediation activities focused on prevention, intervention, harm reduction, treatment, and recovery services.
City Capital Projects Fund — to account for and report financial resources that are restricted, committed, or assigned for the acquisition or construction of major capital facilities within the boundaries of the City.
Gas Tax Debt Service Fund — to account for the receipt and expenditure of gas tax revenues pledged for the payment of debt service on debt payable from Gas Tax proceeds. (105)
390
CITY OF PLACENTIA
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2024
Special Revenue Funds
Miscellaneous Park Street Storm Drain Thoroughfare
Grants Development Lighting Measure M Construction Construction Asset Seizure ASSETS
Cash and Investments
Receivables:
Accounts
Grants
Accrued Interest
Loans and Notes
Leases
Prepaid Items
Land Held for Resale
Total Assets
LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES
LIABILITIES
Accounts Payable
Accrued Liabilities
Deposits Payable
Retentions Payable
Due to Other Funds
Unearned Revenue
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Leases
Unavailable Revenues
Total Deferred Inflows of Resources
FUND BALANCES
Restricted
Unassigned (Deficit)
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$ 86,797 $ 20,903 $ 22,555 $ 488,821 $ 530 $ 4,879 $ 1,334,140 519 115,820 -
321,487
$ 408,284 $ 20,903 $ 23,074 $ 604,641 $ 530 $ 4,879 $ 1,334,140 $ 43,248 $ $ 23,074 $ 57,362 $ $ - $ 1,918
11,753 - 30,000 -
500,000 - - -
555,001 23,074 87,362 1,918
321,487
321,487
20,903 - 517,279 530 4,879 1,332,222
(468,204) - - -
(468,204) 20,903 - 517,279 530 4,879 1,332,222
$ 408,284 $ 20,903 $ 23,074 $ 604,641 $ 530 $ 4,879 $ 1,334,140 (106)
391
CITY OF PLACENTIA
COMBINING BALANCE SHEET (CONTINUED)
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2024
Special Revenue Funds
Supplemental Landscape Housing and
Traffic Law Maintenance Community Sewer
Offender Enforcement Air Quality District 92-1 Development Gasoline Tax Construction ASSETS
Cash and Investments
Receivables:
Accounts
Grants
Accrued Interest
Loans and Notes
Leases
Prepaid Items
Land Held for Resale
Total Assets
LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES
LIABILITIES
Accounts Payable
Accrued Liabilities
Deposits Payable
Retentions Payable
Due to Other Funds
Unearned Revenue
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Leases
Unavailable Revenues
Total Deferred Inflows of Resources
FUND BALANCES
Restricted
Unassigned (Deficit)
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$ 4,698 $ 237,022 $ 326,907 $
1,126
- $ $
2,309 310,520
124,575 800
$ 5,824 $ 237,022 $ 326,907 $ 2,309 $ 310,520 $ 124,575 $ 800 $
- $ $ 14,341 $ 34,900 $ 11,525 $ 65,694 $
- 4,923 -
- - - 40,000
- 19,213 589,355 35,622
14,341 59,036 600,880 141,316
- - 220,800
124,149
124,149
- - 220,800 -
5,824 237,022 312,566 - - -
- (56,727) (511,160) (16,741) (123,349)
5,824 237,022 312,566 (56,727) (511,160) (16,741) (123,349) $ 5,824 $ 237,022 $ 326,907 $ 2,309 $ 310,520 $ 124,575 $ 800 (107)
392
CITY OF PLACENTIA
COMBINING BALANCE SHEET (CONTINUED)
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2024
Special Revenue Funds
ASSETS
Cash and Investments
Receivables:
Accounts
Grants
Accrued Interest
Loans and Notes
Leases
Prepaid Items
Land Held for Resale
Total Assets
LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES
LIABILITIES
Accounts Payable
Accrued Liabilities
Deposits Payable
Retentions Payable
Due to Other Funds
Unearned Revenue
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Leases
Unavailable Revenues
Total Deferred Inflows of Resources
FUND BALANCES
Restricted
Unassigned (Deficit)
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
PEG
Affordable
Housing
In -Lieu
SB1 Gas Tax
Community Based
NOC Public Transitional TOD
Safety Grant Housing Grant Impact Fee
$ 83,394 $ 404 $ 688,770 $ 123,046 $ 75 $ 1,693,722
17,839 109,299 - -
38,050
$ 101,233 $ 404 $ 798,069 $ 123,046 $ 75 $ 1,731,772
$ 12,416 $
12,416
$ 124,603 $ 544 $
1,322
55,597
48,460
180,200 50,326
75 $ 234,414
73,111
41,805
75 349,330
38,050
38,050
88,817 404 617,869 72,720 - 1,344,392
88,817 404 617,869 72,720 - 1,344,392
$ 101,233 $ 404 $ 798,069 $ 123,046 $ 75 $ 1,731,772
(108)
393
CITY OF PLACENTIA
COMBINING BALANCE SHEET (CONTINUED)
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2024
Special Revenue Funds
ASSETS
Cash and Investments
Receivables:
Accounts
Grants
Accrued Interest
Loans and Notes
Leases
Prepaid Items
Land Held for Resale
Total Assets
LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES
LIABILITIES
Accounts Payable
Accrued Liabilities
Deposits Payable
Retentions Payable
Due to Other Funds
Unearned Revenue
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Leases
Unavailable Revenues
Total Deferred Inflows of Resources
FUND BALANCES
Restricted
Unassigned (Deficit)
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
General Plan Technology Housing Orangethorpe Cal Recycle Update Fee Impact Fee Successor Corridor Grant
$ 1,163,718 $ 649,434 $ 520,135 $
EIFD
168 $ 149,208 $
Fire
Impact Fee
98,706 $ 21,024
44 - -
533,749 - 16,433
6,845 - -
- 1,036,760
$ 1,163,718 $ 649,434 $ 2,097,533 $ 168 $ 149,208 $ 98,706 $ 37,457 $
- $ 71,384 $
- 71,384
- $ 455 $ 989 $ -
- 780 -
168 -
- - 13,248 -
168 14,483
10,241 -
989 -
16,433
- 10,241 - 16,433
1,163,718 578,050 2,087,292 - 134,725 97,717 21,024
1,163,718 578,050 2,087,292 - 134,725 97,717 21,024
$ 1,163,718 $ 649,434 $ 2,097,533 $ 168 $ 149,208 $ 98,706 $ 37,457 (109)
394
CITY OF PLACENTIA
COMBINING BALANCE SHEET (CONTINUED)
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2024
Capital Debt
Special Revenue Funds Projects Fund Service Fund
Animal Total Other
Shelter Opioid City Capital Governmental
Impact Fee Settlement Projects Gas Tax Funds
ASSETS
Cash and Investments
Receivables:
Accounts
Grants
Accrued Interest
Loans and Notes
Leases
Prepaid Items
Land Held for Resale
Total Assets
LIABILITIES, DEFERRED INFLOWS
OF RESOURCES, AND FUND BALANCES
LIABILITIES
Accounts Payable
Accrued Liabilities
Deposits Payable
Retentions Payable
Due to Other Funds
Unearned Revenue
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Leases
Unavailable Revenues
Total Deferred Inflows of Resources
FUND BALANCES
Restricted
Unassigned (Deficit)
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
16,433
$ 1,867 $
407,609
363,161
$ 87,394 $ 7,808,317
1,090,416
684,648
44 604,665
6,845
1,036,760
$ 16,433 $ 409,476 $ 363,161 $ 87,394 $ 11,231,695
$ - $
16,433
$ 101,227 $
20,346
125,000
15,602
81,391
$ 798,094
27,446
125,168
226,063
891,535
561,708
343,566 - 2,630,014
407,609 195,764
10,241
1,216,576
16,433 407,609 195,764 - 1,226,817
- 1,867 87,394 8,727,214
- - (176,169) - (1,352,350)
- 1,867 (176,169) 87,394 7,374,864
$ 16,433 $ 409,476 $ 363,161 $ 87,394 $ 11,231,695
(110)
395
CITY OF PLACENTIA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2024
Special Revenue Funds
Miscellaneous Park Street Storm Drain Thoroughfare
Grants Development Lighting Measure M Construction Construction Asset Seizure
REVENUES
Intergovernmental
Fines and Forfeitures
Investment Earnings
Charges for Services
Lease Revenue
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Community Development
Community Services
Capital Outlay
Debt Service:
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
$ 120,003 $
$ - $ 1,216,010 $
11,859 442
135,856
12,964
131,862 442 135,856 1,228,974
113,419
5,162
411,024
549,040
$ - $
90,578
74 28,580
74 119,158
46,985
159,244 - -
600,000 - 121,395
429,296 - -
50,420 -
529,605 549,040 1,238,960 - 168,380
REVENUES OVER (UNDER) EXPENDITURES (397,743) 442 (413,184) (9,986) - 74 (49,222)
OTHER FINANCING SOURCES (USES)
Transfers In - 413,184 - - -
Transfers Out - - - -
Total Other Financing Sources (Uses) - 413,184 - - -
NET CHANGES IN FUND BALANCES (397,743) 442 (9,986) - 74 (49,222) Fund Balance - Beginning, As Originally Reported (70,461) 20,461 527,265 530 4,805 1,381,444 Change within financial reporting entity (nonmajor to major) - - - Fund Balance - Beginning, As Adjusted (70,461) 20,461 527,265 530 4,805 1,381,444 FUND BALANCES - END OF YEAR $ (468,204) $ 20,903 $ - $ 517,279 $ 530 $ 4,879 $ 1,332,222 (111)
396
CITY OF PLACENTIA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (CONTINUED)
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2024
Special Revenue Funds
Supplemental Landscape Housing and
Traffic Law Maintenance Community Sewer
Offender Enforcement Air Quality District 92-1 Development Gasoline Tax Construction
REVENUES
Intergovernmental
Fines and Forfeitures
Investment Earnings
Charges for Services
Lease Revenue
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Community Development
Community Services
Capital Outlay
Debt Service:
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGES IN FUND BALANCES
Fund Balance - Beginning, As Originally Reported
Change within financial reporting entity (nonmajor to major) Fund Balance - Beginning, As Adjusted
FUND BALANCES - END OF YEAR
$ 186,159 $
73 7,587 6,556
73 193,746 59,519
52,963 $
- $ 469,592 $ 1,442,514 $ -
- - 4,862 -
454,844 - -
454,844 469,592
1,447, 376 -
- 501,359 - 315,666 18,247
- 35,818 - 443,353 -
- - - 800,000 4,874
35,818 501,359 443,353 1,115,666 23,121
73 193,746 23,701 (46,515) 26,239 331,710 (23,121)
- (186,159) - - (403,750) -
- (186,159) - - (403,750) -
73 7,587 23,701 (46,515) 26,239 (72,040) (23,121)
5,751 229,435 288,865 (10,212) (537,399) 55,299 (100,228) 5,751 229,435 288,865 (10,212) (537,399) 55,299 (100,228) $ 5,824 $ 237,022 $ 312,566 $ (56,727) $ (511,160) $ (16,741) $ (123,349) (112)
397
CITY OF PLACENTIA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (CONTINUED)
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2024
Special Revenue Funds
Formerly Non -
major Fund
Affordable Community Based Placentia
Housing NOC Public Transitional TOD Regional
PEG In -Lieu SB1 Gas Tax Safety Grant Housing Grant Impact Fee Navigation Center
REVENUES
Intergovernmental
Fines and Forfeitures
Investment Earnings
Charges for Services
Lease Revenue
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Community Development
Community Services
Capital Outlay
Debt Service:
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGES IN FUND BALANCES
Fund Balance - Beginning, As Originally Reported
Change within financial reporting entity (nonmajor to major) Fund Balance - Beginning, As Adjusted
FUND BALANCES - END OF YEAR
$ - $ - $ 1,354,999 $ 54,540 $ - $ $ -
1,400
90,259
15,101 3,241 - 39,349
91,659 1,370,100
36,637
10,430 1,236,552
47,067 1,236,552
44,592 133,548
44,592
44,225
57,781 - 39,349
58,560
3,753
634,983
62,313 634,983
(4,532) - (595,634)
133,548 (4,532)
404 484,321 77,252
(595,634)
1,940,026
44,225 404 484,321 77,252 - 1,940,026
$ 88,817 $ 404 $ 617,869 $ 72,720 $
(113)
(1,635,925)
1,635,925
$ 1,344,392 $
398
CITY OF PLACENTIA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (CONTINUED)
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2024
Special Revenue Funds
REVENUES
Intergovernmental
Fines and Forfeitures
Investment Earnings
Charges for Services
Lease Revenue
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Community Development
Community Services
Capital Outlay
Debt Service:
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
General Plan Technology Housing Orangethorpe Cal Recycle Update Fee Impact Fee Successor Corridor Grant
- $ $
25,045
201,460
226,505
12,521
101,151
4,126
10,368
113,672 14,494
86,995
60,992
80,797
167,792 60,992
EIFD
Fire
Impact Fee
- $ 144,054 $ 54,153 $
516 1,252
144,570
10,666
294
20,730
55,405 21,024
28,144
10,666 28,144
REVENUES OVER (UNDER) EXPENDITURES 58,713 52,680 14,494 - 133,904 27,261 21,024
OTHER FINANCING SOURCES (USES)
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGES IN FUND BALANCES 58,713 52,680 14,494 - 133,904 27,261 21,024 Fund Balance - Beginning, As Originally Reported 1,105,005 525,370 2,072,798 - 821 70,456 Change within financial reporting entity (nonmajor to major) Fund Balance - Beginning, As Adjusted 1,105,005 525,370 2,072,798 - 821 70,456 FUND BALANCES - END OF YEAR $ 1,163,718 $ 578,050 $ 2,087,292 $ - $ 134,725 $ 97,717 $ 21,024 (114)
399
CITY OF PLACENTIA
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (CONTINUED)
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2024
REVENUES
Intergovernmental
Fines and Forfeitures
Investment Earnings
Charges for Services
Lease Revenue
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Community Development
Community Services
Capital Outlay
Debt Service:
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers In
Transfers Out
Total Other Financing Sources (Uses)
NET CHANGES IN FUND BALANCES
Fund Balance - Beginning, As Originally Reported
Change within financial reporting entity (nonmajor to major) Fund Balance - Beginning, As Adjusted
FUND BALANCES - END OF YEAR
Special Revenue Funds
Capital Debt
Projects Fund Service Fund
Animal
Shelter Opioid City Capital
Impact Fee Settlement Projects
Gas Tax
Total Other
Governmental
Funds
- $ 19,263 $ 585,070 $ - $ 5,699,320
- - 90,578
- 516 368 172,600
- - 1,004,300
- - 4,126
- 196,963 - 207,331
- 19,779 782,033 368 7,178,255
2,186
29,161
735,855
153,962
319,783
1,384,312
638,415
8,915
4,635,910
358,000 787,296
42,265 92,685
31,347 735,855 400,265 8,021,278
(11,568) 46,178 (399,897) (843,023)
403,750 816,934
- (589,909)
403,750 227,025
(11,568) 46,178 3,853 (615,998)
13,435 (222,347) 83,541 6,354,937
- 1,635,925
13,435 (222,347) 83,541 7,990,862
$ 1,867 $ (176,169) $ 87,394 $ 7,374,864
(115)
400
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
MISCELLANEOUS GRANTS SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental
Investment Earnings
Total Revenues
EXPENDITURES
Current:
Public Safety
Community Services
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ 500,000 $ 2,655,224 $ 120,003 $ (2,535,221)
- - 11,859 11,859
500,000 2,655,224 131,862 (2,523,362)
- - 113,419 (113,419)
- - 5,162 (5,162)
500,000 2,653,604 411,024 2,242,580
500,000 2,653,604 529,605 2,123,999
$ - $ 1,620 (397,743) $ (399,363)
(70,461)
$ (468,204
(116)
401
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
STREET LIGHTING SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
OriYinal Final Amounts (Negative)
REVENUES
Charges for Services
Total Revenues
EXPENDITURES
Current:
Public Works
Total Expenditures
REVENUE OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES
Transfers In
Total Other Financing Sources
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ 135,286 $ 135,286 $ 135,856 $ 570
135,286 135,286 135,856 570
171,500 171,500
171,500 171,500
(36,214) (36,214)
36,214 36,214
36,214 36,214
549,040 (377,540)
549,040 (377,540)
(413,184) (376,970)
413,184 376,970
413,184 376,970
(117)
402
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
MEASURE M SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
REVENUES
Intergovernmental
Investment Earnings
Total Revenues
EXPENDITURES
Current:
Community Development
Capital Outlay
Debt Service:
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
Budgeted Amounts
Original
$ 1,275,373
1,275,373
Final
$ 1,275,373
1,275,373
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)
$ 1,216,010 $ (59,363)
12,964 12,964
1,228,974 (46,399)
83,400 150,560 159,244 (8,684)
600,000 636,064 600,000 36,064
400,000 400,000 429,296 (29,296)
13,750 13,750 50,420 (36,670)
1,097,150
1,200,374 1,238,960 (38,586)
$ 178,223 $ 74,999 (9,986) $ (84,985)
527,265
$ 517,279
(118)
403
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
THROUGHFARE CONSTRUCTION SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Investment Earnings
Total Revenues
EXPENDITURES
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$
$
$
$ 74 $ 74
74 74
4,172 - 4,172
4,172 - 4,172
$ (4,172)
74 $ 4,246
4,805
$ 4,879
(119)
404
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
ASSET SEIZURE SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Fines and Forfeitures
Investment Earnings
Total Revenues
EXPENDITURES
Current:
Public Safety
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ - $ - $ 90,578 $ 90,578
- - 28,580 28,580
- - 119,158 119,158
70,000 40,897
35,000 1,114,103
105,000 1,155,000
46,985 (6,088)
121,395 992,708
168,380 986,620
$ (105,000) $ (1,155,000) (49,222) $ 1,105,778
1,381,444
$ 1,332,222
(120)
405
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
SUPPLEMENTAL LAW ENFORCEMENT SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental $ 165,000 $ 165,000 $ 186,159 $ 21,159 Investment Earnings - - 7,587 7,587
Total Revenues 165,000 165,000 193,746 28,746
OTHER FINANCING SOURCES (USES)
Transfers Out (165,000) (165,000) (186,159 (21,159)
Total Other Financing Sources (Uses) (165,000) (165,000) (186,159) (21,159) NET CHANGE IN FUND BALANCE $ - $ - 7,587 $ 7,587
Fund Balance - Beginning of Year 229,435
FUND BALANCE - END OF YEAR $ 237,022
(121)
406
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
AIR QUALITY SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
REVENUES
Intergovernmental
Investment Earnings
Total Revenues
EXPENDITURES
Community Development
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
Budgeted Amounts
Original Final
$ 65,900 $
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)
65,900 $ 52,963 $ (12,937)
6,556 6,556
65,900 65,900
20,900 32,640
115,000 285,638
135,900 318,278
$ (70,000) $ (252,378)
59,519 (6,381)
35,818
35,818 285,638
23,701 $ 276,079
288,865
$ 312,566
285,638
(122)
407
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
LANDSCAPE MAINTENANCE DISTRICT 92-1 SPECIAL REVENUE FUND YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Charges for Services
Total Revenues
EXPENDITURES
Current:
Public Works
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ 450,858 $ 450,858 $ 454,844 $ 3,986
450,858 450,858 454,844 3,986
419,200 432,867 501,359 (68,492)
419,200 432,867 501,359 (68,492)
$ 31,658 $ 17,991 (46,515) $ (64,506)
(10,212)
$ (56,727)
(123)
408
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
HOUSING AND COMMUNITY DEVELOPMENT SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental
Total Revenues
EXPENDITURES
Current:
Community Development
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ 280,514 $ 359,997 $ 469,592 $ 109,595
280,514 359,997 469,592 109,595
339,514 390,061
339,514 390,061
$
59,000) $ (30,064)
443,353 (53,292)
443,353 (53,292)
26,239 $ 56,303
(537,399)
$ (511,160)
(124)
409
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
GASOLINE TAX SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
REVENUES
Intergovernmental
Investment Earnings
Total Revenues
EXPENDITURES
Current:
Public Works
Capital Outlay
Total expenditures
REVENUE OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers Out
Total Other Financing (Uses)
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
Budgeted Amounts Actual
Original Final Amounts
$ 1,476,847 $ 1,476,847 $ 1,442,514
- - 4,862
1,476,847 1,476, 847 1,447,376
994,558 994,558 315,666
800,000 800,000 800,000
1,794,558 1,794,558 1,115,666
(317,711) (317,711) 331,710
(403,750) (403,750) (403,750,
(403,750) (403,750) (403,750)
Variance with
Final Budget
Positive
(Negative)
$ (34,333)
4,862
(29,471)
678,892
678,892
649,421
$ (721,461) $ (721,461) (72,040) $ 649,421
55,299
$ (16,741)
(125)
410
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
PEG REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Investment Earnings
Charges for Services
Total Revenues
EXPENDITURES
Current:
General Government
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$
$
80,000 80,000
80,000 80,000
$ 1,400 $ 1,400
90,259 10,259
91,659 11,659
9,700 45,700 36,637 9,063
69,000 69,000 10,430 58,570
78,700 114,700
47,067 67,633
$ 1,300 $ (34,700) 44,592 79,292
44,225
$ 88,817
(126)
411
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
SB1 RMRA GAS TAX SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental
Investment Earnings
Total Revenues
EXPENDITURES
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ 1,280,805 $ 1,280,805 $ 1,354,999 $ 74,194
- - 15,101 15,101
1,280,805 1,280,805 1,370,100 89,295
1,000,000 1,511,059 1,236,552 274,507
1,000,000 1,511,059 1,236,552 274,507
$ 280,805 $ (230,254) 133,548 $ 363,802
484,321
$ 617,869
(127)
412
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
NORTH ORANGE COUNTY (NOC) PUBLIC SAFETY GRANT SPECIAL REVENUE FUND YEAR ENDED JUNE 30, 2024
REVENUES
Intergovernmental
Investment Earnings
Total Revenues
EXPENDITURES
Current:
Public Safety
Community Services
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
Budgeted Amounts
Original
Final
Actual
Amounts
$ 62,000 $ 78,700 $
62,000
78,700
40,000 40,000
- 16,700
40,000 56,700
$ 22,000 $ 22,000
Variance with
Final Budget
Positive
(Negative)
54,540 $ (24,160)
3,241 3,241
57,781 (20,919)
58,560 (18,560)
3,753 12,947
62,313 (5,613)
(4,532) $ (26,532)
77,252
$ 72,720
(128)
413
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
TOD IMPACT FEE SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Investment Earnings
Charges for Services
Total Revenues
EXPENDITURES
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ - $
90,000
90,000
90,000 90,000
550,000 885,506
550,000 885,506
$ 39,349 $ 39,349
- (90,000)
39,349 (50,651)
634,983 250,523
634,983 250,523
$ (460,000) $ (795,506) (595,634) $ 199,872
1,940,026
$ 1,344,392
(129)
414
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
GENERAL PLAN UPDATE FEE SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental
Investment Earnings
Charges for Services
Total Revenues
EXPENDITURES
Current:
General Government
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ - $
150,000
150,000
150,000 150,000
$ - $
25,045 25,045
201,460 51,460
226,505 76,505
- 191,100 86,995 104,105
- 257,819 80,797 177,022
- 448,919 167,792 281,127
$ 150,000 $ (298,919) 58,713 $ 357,632
1,105,005
$ 1,163,718
(130)
415
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
TECHNOLOGY IMPACT FEE SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Investment Earnings
Charges for Services
Total Revenues
EXPENDITURES
Current:
Public Safety
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ - $ - $ 12,521 $ 12,521
- - 101,151 101,151
- - 113,672 113,672
55,000 60,992 (5,992)
71,385 - 71,385
126,385 60,992 65,393
$ - $
126,385) 52,680 $ 179,065
525,370
$ 578,050
(131)
416
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
CAL RECYCLE GRANT SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental
Investment Earnings
Total Revenues
EXPENDITURES
Current:
Public Safety
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ - $ - $ 144,054 $ 144,054
- - 516 516
- - 144,570 144,570
13,181 13,181
13,181 13,181
10,666 2,515
10,666 2,515
$ (13,181) $ (13,181) 133,904 $ 147,085
821
$ 134,725
(132)
417
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
EFID SPECIAL REVENUE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Intergovernmental
Investment Earnings
Miscellaneous
Total Revenues
EXPENDITURES
Current:
General Government
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$ 5,000 $ 5,000 $ 54,153 $ 49,153
- 1,252 1,252
5,000 5,000
55,405 50,405
- 28,144 (28,144)
- 28,144 (28,144)
$ 5,000 $ 5,000 27,261 $ 22,261
70,456
$ 97,717
(133)
418
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
CITY CAPITAL PROJECTS FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:
Intergovernmental
Miscellaneous
Total Revenues
Expenditures:
Current:
Community Development
Capital Outlay
Total Expenditures
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$
- $ 4,133,286 $ 585,070 $ (3,548,216)
- 709,362 196,963 (512,399)
- 4,842,648 782,033 (4,060,615)
281,700 281,700 - 281,700
- 4,344,404 735,855 3,608,549
281,700 4,626,104
735,855 3,890,249
$ (281,700) $ 216,544 46,178 $ (170,366)
(222,347)
$ (176,169)
(134)
419
CITY OF PLACENTIA
SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCE -
BUDGET AND ACTUAL
GAS TAX DEBT SERVICE FUND
YEAR ENDED JUNE 30, 2024
Variance with
Final Budget
Budgeted Amounts Actual Positive
Original Final Amounts (Negative)
REVENUES
Investment Earnings
Total Revenues
EXPENDITURES
Debt Service:
Principal Retirement
Interest and Fiscal Charges
Total Expenditures
REVENUE OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers In
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
Fund Balance - Beginning of Year
FUND BALANCE - END OF YEAR
$
$
$ 368 $ 368
- - 368 368
358,000 358,000 358,000
45,750 45,750 42,265
403,750 403,750 400,265
(403,750) (403,750) (399,897)
403,750 403,750 403,750
403,750 403,750 403,750
3,485
3,485
3,853
$ - $ - 3,853 $ 3,853
83,541
$ 87,394
(135)
420
CITY OF PLACENTIA
COMBINING STATEMENT OF NET POSITION
INTERNAL SERVICE FUNDS
JUNE 30, 2024
ASSETS
Current Assets:
Cash and Investments
Receivable:
Accounts
Prepaids
Total Current Assets
Risk Health and Equipment
Management Welfare Replacement
Total
$ 2,356,201 $ 39,065 $ 76,967 $ 2,472,233
595
2,356,796
31,524 32,119
1,309 - 1,309
40,374 108,491 2,505,661
Total Assets 2,356,796 40,374 206,032 2,603,202
LIABILITIES
Current Liabilities:
Accounts Payable
Accrued Liabilities
Due to Other Funds
Accrued Claims and Judgments - Due Within One Year
Total Current Liabilities
Noncurrent Liabilities:
Accrued Claims and Judgments - Due in More
Than One Year
Total Noncurrent Liabilities
64,502
16,513
1,702
291
66,204
16,804
941,479 941,479
1,022,494
1,993 1,024,487
2,879,437 2,879,437
2,879,437 2,879,437
Total Liabilities 3,901,931
NET POSITION
Unrestricted
Total Net Position
(1,545,135
1,993 3,903,924
38,381 108,491 (1,398,263)
$ (1,545,135) $ 38,381 $ 206,032 $ (1,300,722)
(136)
421
CITY OF PLACENTIA
COMBINING STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
ALL INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2024
Governmental Activities
OPERATING REVENUES
Reimbursements
Sales and Service Charges
Other Revenues
Total Operating Revenues
OPERATING EXPENSES
Administration
Reinsurance Premiums
Claims
Medical and Dental Premiums
Liability Insurance Premiums
Depreciation Expense
Total Operating Expenses
Risk Health and Equipment
Management Welfare Replacement
Total
$ 540,994 $ 122,460 $ - $ 663,454
2,258,306 1,088,243 - 3,346,549
- - 95,488 95,488
2,799,300 1,210,703 95,488 4,105,491
230,386
815,101
1,752,138
2,797,625
OPERATING INCOME (LOSS) 1,675
NONOPERATING INCOME (LOSS)
Gain on Disposal of Capital Assets
CHANGES IN NET POSITION
Net Position - Beginning of Year
NET POSITION - END OF YEAR
8,540 1,740 240,666
187,603 - 187,603
- - 815,101
990,260 - 990,260
4,935 - 1,757,073
- 40,376 40,376
1,191,338 42,116 4,031,079
19,365 53,372 74,412
57,912 57,912
1,675 19,365 111,284 132,324
(1,546,810) 19,016 94,748 (1,433,046)
$ (1,545,135) $ 38,381 $ 206,032 $ (1,300,722)
(137)
422
CITY OF PLACENTIA
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Cash Received from Customers and Users
Cash Paid to Suppliers for Goods and Services
Cash Paid for Insurance Claims
Net Cash Provided (Used) by Operating Activities
CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES
Payment Made on Interfund Borrowing
Net Cash Used by Noncapital
Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED FINANCING
ACTIVITIES
Acquisition of Capital Assets
Proceeds From Sale of Capital Assets
Net Cash Provided by Capital And Related
Financing Activities
NET INCREASE (DECREASE) IN CASH AND CASH
EQUIVALENTS
RECONCILIATION OF CASH AND CASH EQUIVALENTS
TO STATEMENT OF NET POSITION
Beginning of Year
Risk Health and Equipment
Management Welfare Replacement
Total
$ 2,798,705 $ 1,210,812 $ 63,965 $ 4,073,482
(2,166,167) (1,133,425) (65,706) (3,365,298)
(815,101) - - (815,101)
(182,563) 77,387 (1,741) (106,917)
(38,322)
(38,322)
(182,563) 39,065
2,538,764
38,322)
(38,322)
57,912 57,912
57,912 57,912
56,171 (87,327)
158,713 2,697,477
End of Year $ 2,356,201 $ 39,065 $ 214,884 $ 2,610,150
RECONCILIATION OF CASH AND CASH EQUIVALENTS TO
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES
Operating Income
Adjustments to Reconcile Operating Income
to Net Cash Provided (Used) by Operating Activities:
Changes in Assets and Liabilities:
(Increase) Decrease in Accounts Receivables
(Increase) Decrease in Prepaids
Increase (Decrease) in Accounts Payable
Increase (Decrease) in Accrued Liabilities
Increase (Decrease) in Claims Payable
$ 1,675 $ 19,365 $ 53,372 $ 74,412
(595)
30,277
16,508
(230,428)
Net Cash Provided (Used) by Operating Activities $ (182,563) 109 (31,524) (32,010)
57,198 - 57,198
424 (63,965) (33,264)
291 - 16,799
- (230,428)
77,387 $ (1,741)
(106,917)
(138)
423
FIDUCIARY FUNDS
CUSTODIAL FUNDS
Community Facilities District Fund — to account for the Community Facilities District No. 89-1 (East Placentia). This fund accounts for the service of $25,000,000 of Community Facilities District No. 89-1 (East Placentia) Special Tax Bonds issued to finance the construction of street and drainage infrastructure improvements and to fund development of a 13 -acre park/recreation sports complex to benefit properties within the District.
Public Safety CFD 2014-01 Fund — to account for revenues and expenditures to provide public safety services associated with new development within Placentia including, but not limited to, police protection, fire protection, and ambulance and paramedic services. The services would be partially paid for through the levy of a Special Tax on real property.
TOD District CFD Fund — to account for the Community Facilities District 2018-1 (Transit Oriented District) providing a special tax to pay for certain public facilities within such community facilities district, to levy such special tax, and to provide non -General Fund and sustainable funding source to pay for the ongoing maintenance and repairs of the public streetscape improvements constructed within the Transit Oriented District.
(139)
424
CITY OF PLACENTIA
COMBINING STATEMENT OF ASSETS AND LIABILITIES
FIDUCIARY FUNDS
JUNE 30, 2024
Custodial Funds
ASSETS
Cash and Investments
Accounts Receivable
Taxes Receivable
Miscellaneous Receivables
Total Assets
LIABILITIES
Accounts Payable
Accrued Liabilities
Total Liabilities
NET POSITION (DEFICIT)
Restricted for Individuals, Organizations,
and Other Governments
Total Net Position (Deficit)
Community
Facilities Public Safety TOD District
District CFD 2014-01 CFD
Total
$ 50,711 $ 311,379 $ 52,203 $ 414,293
1,453 1,453
50,711 312,832
52,203 415,746
241 241
14 14
14 241 255
50,711 312,818
51,962 415,491
$ 50,711 $ 312,818 $ 51,962 $ 415,491
(140)
425
CITY OF PLACENTIA
STATEMENT OF CHANGE IN FIDUCIARY NET POSITION
FIDUCIARY FUNDS
YEAR ENDED JUNE 30, 2024
Custodial Funds
ADDITIONS
Charges for Services
Investment Earnings
Total Additions
DEDUCTIONS
Administrative Expenses
Total Deductions
Community
Facilities Public Safety TOD District
District CFD 2014-01 CFD
Total
$ - $ 157,859 $ 61,158 $ 219,017
1,296 5,157 6,453
1,296 163,016 61,158 225,470
- - 8,440 8,440
- - 8,440 8,440
CHANGE IN NET POSITION 1,296 163,016 52,718 217,030
Net Position - Beginning of Year 49,415 149,802 (756) 198,461 NET POSITION - END OF YEAR $ 50,711 $ 312,818 $ 51,962 $ 415,491 (141)
426
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(142)
427
STATISTICAL SECTION
428
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429
CITY OF PLACENTIA
DESCRIPTION OF STATISTICAL SECTION CONTENTS
This part of the City of Placentia's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information say about the government's overall financial health.
Contents: Page
Financial Trends — These schedules contain trend information to help the reader understand how the City's financial performance and well-being have changed over time.
145
Revenue Capacity — These schedules contain information to help the reader assess the City's most significant local revenue source, the property tax. 151 Debt Capacity — 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 demographics and economic indicators to help the reader understand the environment within which the City's financial activities take place.
Operating Information — These schedules contain service and infrastructure data to help the reader understand how the information in the City's financial report related to the services the City provides and activities it performs. 155
158
161
(144)
430
CITY OF PLACENTIA
NET POSITION BY COMPONENT
LAST TEN FISCAL YEARS
(ACCRUAL BASIS OF ACCOUNTING)
(AMOUNTS EXPRESS IN THOUSANDS)
Fiscal Year
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Governmental Activities:
Net Investment in Capital Assets
Restricted
Unrestricted
$ 66,333 $ 66,799 $ 67,960 $ 67,915 $ 72,176 $ 81,106 $ 86,061 $86,045 $ 103,757 $ 114,777 7,027 7,681 6,199 5,819 6,090 7,732 21,456 20,175 18,361 21,767 (34,145) (30,490) (32,780) (52,089) (50,858) (53,352) (68,263) (23,396) (43,543) (62,344) Total Governmental Activities Net Position $ 39,215 $ 43,990 $ 41,379 $ 21,645 $ 27,408 $ 35,486 $ 39,254 $ 82,824 $ 78,575 $ 74,200 Business -Type Activities:
Net Investment in Capital Assets
Unrestricted
Total Business -Type Activities Net Position
Primary Government:
Net Investment in Capital Assets
Restricted
Unrestricted
Total Primary Government Net Position
Source: City of Placentia, Finance Department
$ 11,280 $ 10,765 $ 10,303 $ 9,778 $ 9,275 $ 8,748 $ 8,221 $ 7,694 $ 7,166 $ 12,471 1,289 845 1,066 (1,514) (2,055) (2,682) 361 1,842 1,245 1,895 12,569 $ 11,610
11,369 $ 8,264
$ 77,613 $ 77,564 $ 78,263 $
7,027 7,681 6,199
(32,856) (29,645) (31,714)
7,220 $ 6,066 $ 8,582 $ 9,536
8,411 $ 14,366
77,693 $ 81,451 $ 89,854 $ 94,282 $ 93,739 $ 110,923 $ 127,248 5,819 6,090 7,732 21,456 20,175 18,361 21,767
53,603) (52,913) (56,034) (67,902) (21,554) (42,298) (60,449) $ 51,784 $ 55,600 $ 52,748 $ 29,909 $ 34,628 $ 41,552 $ 47,836 $ 92,360 S 86,986 $ 88,566 (145)
431
CITY OF PLACENTIA
CHANGES IN NET POSITION
LAST TEN FISCAL YEARS
(ACCRUAL BASIS OF ACCOUNTING)
(AMOUNTS EXPRESS IN THOUSANDS)
Fiscal Year
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
PROGRAM REVENUE
Governmental Activities:
Charges for Services:
General Government
Public Safety
Public Works
Community Development
Community Services
Operating Grants
Capital Grants and Contributions
Total Governmental Activities Program
Revenues
Business -Type Activities:
Charges for Services:
Refuse
Compressed Natural Gas
Sewer Maintenance
Total Business -Type Activities Program
Revenues
Total Primary Government Program
Revenues
EXPENSES
Governmental Activities:
General Government
Public Safety
Public Works
Community Development
Community Services
Interest on Long -Term Debt
Total Governmental Activities
$ 2,053 $ 1,956 $ 2,136 $ 2,206 $ 2,356 $ 2,651 $ 2,754 $ 2,812 $ 3,215 $ 3,298 1,469 1,340 1,092 1,078 742 771 567 928 877 913
854 679 597 670 1,100 776 917 877 811 856
277 1,211 1,074 1,251 1,011 1,670 2,014 1,598 1,700 1,509 - 221 194 314 213 145 148 253 337 497
1,407 4,744 4,637 4,575 7,709 9,588 6,103 6,499 15,643 9,937 3,216 145 465 4,528 1,117 2,994 8,027 1,850 5,025 1,938 9,276 10,296 10,195 14,622 14,248 18,595 20,530 14,817 27,608 18,948 2,874 2,890 2,958 3,039 3,148 3,252 3,688 3,732 4,283 4,813 25 - - - - - - - - -
819 688 722 760 722 723 783 791 1,448 1.511
3,718 3,578 3,680 3,799 3,870 3,975 4,471 4,523 5,731 6,324 12,994 13,874 13,875 18,421 18,118 22,570 25,001 19,340 33,339 25,272 9,248 5,343 10,579 10,046 9,346 11,654 12,850 9,242 19,220 17,490 15,689 18,556 19,188 18,114 20,547 26,139 26,045 (5,341) 39,863 27,471 6,644 7,445 7,246 4,328 2,465 4,926 9,846 3,159 11,632 10,729 1,845 1,373 1,904 1,068 1,502 1,640 2,893 1,554 2,425 2,563 1,263 1,318 1,690 4,401 1,757 2,580 1,685 3,755 4,254
861 837 783 717 588 475 765 2.591 2,372 2.960
34,287 34,817 41,018 35,963 38,849 46,591 54,979 12,890 79,267 65,467 Business -Type Activities:
Refuse 2,795 2,555 2,571 3,034 3,164 3,127 3,287 3,421 4,341 4,888 Compressed Natural Gas - - - - - - - - - -
Sewer Maintenance 1,069 1,418 954 1,943 1,593 1,836 (1,365) 150 2,533 1,467 Total Business -Type Activities 3,864 3,973 3,525 4,977 4,757 4,963 1,922 3,571 6,874 6,355 Total Primary Government Expenses 38,151 38,790 44,543 40,940 43,606 51,554 56,901 16,461 86,141 71,822
NET REVENUE (EXPENSE)
Governmental Activities (25,011) (24,521) (30,823) (21,341) (24,601) (27,996) (34,449) 1,927 (51,659) (46,519) Business -Type Activities (146) (395) 155 (1,178) (887) (988) 2,549 952 (1,143) (31) Total Primary Government Net Expense (25,157) (24,916) (30,668) (22,519) (25,488) (28,984) (31,900) 2,879 (52,802) (46,550) (146)
432
CITY OF PLACENTIA
CHANGES IN NET POSITION (CONTINUED)
LAST TEN FISCAL YEARS
(ACCRUAL BASIS OF ACCOUNTING)
(AMOUNTS EXPRESS IN THOUSANDS)
Fiscal Year
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
GENERAL REVENUE AND OTHER
CHANGES IN NET POSITION
Governmental Activities:
Taxes:
Property
Sales and Use
Utility Users
Franchise
Other
Miscellaneous
Investment Income
Other
Special Item
Contribution from successor Agency
Contribution from Custodial Fund
Extraordinary Item
Transfers
Total Government Activities
$ 12,449 $ 13,259 $ 13,972 $ 14,560 $ 15,478 $ 15,981 $ 16,752 $ 17,191 $ 18,809 $ 20,761 6,284 6,848 7,020 6,948 8,184 13,141 15,113 17,248 17,530 16,870 2,874 2,750 2,637 2,545 2,461 2,362 2,503 2,689 3,200 3,048 2,338 2,332 2,244 2,270 2,340 2,358 2,466 2,651 2,870 3,076 1,177 1,258 1,365 1,316 1,267 1,047 1,022 1,842 2,091 2,146 1,451 35 41 125 136 447 280 256 2,544 282
576 34 31 72 227 312 13 (297) 378 1,901
- - 215 - - -
(2,764) - - - - - - - - -
- 19
(1,035)
165 646 402 251 268 192
30 39 - (5,940)
24,550 26,127 27,712 28,087 30,361 36,074 38,218 41,580 47,422 42,144 Business -Type Activities:
Investment Income 5 7 7 24 34 27 4 2 19 46
Special Item 2,764
Other 75 75 - -
Transfers (165) (646) (402) (251) (192) (192) (39) - 5,940 Total Business -Type Activities 2,679 (564) (395) (227) (158) (165) (35) 2 19 5,986 Total Primary Government 27,229 25,563 27,317 27,860 30,203 35,909 38,183 41,582 47,441 48,130
CHANGE IN NET POSITION
Governmental Activities
Business -Type Activities
Total Primary Government
Source: City of Placentia, Finance Department
(461) 1,606 (3,111) 6,746 5,760 8,078
2,533 (959) (240) (1,405) (1,045) (1,153)
3,769 43,507 (4,237) (4,375)
2,514 954 (1,124) 5,955
$ 2,072 $ 647 $ (3,351) $ 5,341 $ 4,715 $ 6,925 $ 6,283 $ 44,461 $ (5,361) $ 1,580 (147)
433
CITY OF PLACENTIA
FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(MODIFIED ACCRUAL BASIS OF ACCOUNTING)
(AMOUNTS EXPRESS IN THOUSANDS)
Fiscal Year
General Fund:
Nonspendable
Restricted
Committed
Assigned
Unassigned
Total General Fund
All Other Governmental Funds:
Nonspendable
Restricted
Assigned
Unrestricted
Total All Other Governmental Funds
Source: City of Placentia, Finance Department
2015 2016 2017
2018 2019 2020 2021 2022 2023 2024
$ 4,104 $ 3,881 $ 3,354 $ 4,955 $ 4,706 $ 3,734 $ 3,347 $ 2,522 $ 1,454 $ 896 1,030 1,030 1,024 1,019 571 555 556 2 805 1,644
119 3,600 3,600 3,400 4,528 5,811 6,434 13,856 4,535 1,037 185 286 40 - - - - - - -
2,510 72 56 (1,346) 543 3,866 9,894 7,205 19,919 14,796 $ 7,948 $ 8,869 $ 8,074 $ 8,028 $ 10,348 $ 13,966 $ 20,231 $ 23,585 $ 26,713 $ 18,373 $ - $ - $ - $ - $ - $ $ 10 $ 6 $ 5 $ 3
5,999 6,651 5,175 4,800 5,518 7,177 20,900 20,173 17,555 19,117 485 - - - - - - - - -
- (368) (531) (1,045) (1,552) (1,406) (2,754) (2,577) (3,981) $ 6,484 $ 6,651 $ 4,807 $ 4,269 $ 4,473 $ 5,625 $ 19,504 $ 17,425 $ 14,983 $ 15,139 (148)
434
CITY OF PLACENTIA
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(MODIFIED ACCRUAL BASIS OF ACCOUNTING)
(AMOUNTS EXPRESS IN THOUSANDS)
Fiscal Year
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
REVENUES
Property Tax
Sales Tax
Other Tax
Intergovernmental
Licenses and Permits
Fines and Forfeitures
Investment Income
Charges for Services
Other
Total Revenues
EXPENDITURES
Current:
General Government
Public Safety
Public Works
Community Development
Community Services
Capital Outlay
Debt Service:
Principal
Payment to Refunding Bond Escrow Agent
Interest
Debt Issuance Costs
Total Expenditures
EXCESS OF REVENUE OVER (UNDER)
EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers In
Transfers Out
Issuance of Debt
Other
Total Other Financing Sources (Uses)
EXTRAORDINARY ITEMS
NET CHANGE IN FUND BALANCES
Ratio of Total Debt Service Expenditures to
Total Noncapital Expenditures
Source: City of Placentia, Finance Department
$ 12,449 $ 13,259 $ 13,972 $ 14,551 $ 15,478 $ 15,981 $ 16,752 $ 17,191 $ 18,809 $ 20,761 6,284 7,257 7,020 6,948 10,646 13,141 15,113 17,248 17,530 16,870 6,316 6,318 6,222 6,043 3,548 5,708 5,993 7,182 8,090 8,216 4,033 2,998 3,572 6,487 7,530 8,459 6,700 6,498 16,569 9,704 1,690 1,733 1,572 1,702 1,922 2,454 2,828 2,440 2,644 2,536 733 1,154 1,297 592 613 819 314 503 1,777 639
177 34 32 69 228 307 13 (297) 377 1,900
2,228 2,216 1,743 2,197 2,003 4,056 9,334 2,267 2,387 2,446 2,424 2,108 1,892 2,151 2,289 2,327 2,536 3,581 5,783 3,374 36,334 37,077 37,322 40,740 44,257 53,252 59,583 56,613 73,966 66,446 6,432 6,571 10,450 8,109 7,889 8,389 10,995 12,105 15,771 15,493 16,500 17,880 18,436 19,156 18,718 23,442 16,938 17,476 19,139 21,034 4,246 4,824 5,050 5,951 6,078 5,938 5,049 5,262 6,005 6,734 1,824 952 1,858 1,291 1,171 1,693 2,245 2,007 2,165 2,448 - 1,191 1,292 1,526 4,405 1,793 1,547 2,305 2,623 3,441 2,042 1,262 2,340 2,971 1,047 11,534 6,178 - 22,104 29,242 1,070 1,333 1,654 1,855 2,105 1,177 1,904 3,135 4,760 5,014 - - - - - - 2,440
813 837 783 717 587 475 765 489 2,356 2,785
182 - -
32,927 34,850 41,863 41,576 42,000 54,441 45,621 45,401 74,923 86,191 3,407 2,227 (4,541) (836) 2,257 (1,189) 13,962 11,212 (957) (19,745) 4,939 7,000 8,010 4,778 1,515 1,882 2,849 4,034 6,938 11,010 (4,552) (6,354) (7,607) (4,527) (1,247) (1,690) (2,811) (4,034) (6,938) (11,010) 251 - - - 5,766 57,583 2,189 1,643 11,207
(2,764) - - (51,441) (2,069) - 352
(2,377) 897 403 251 268 5,958 6,180 120 1,643 11,559
1,500 - - - - - - -
$ 1,030 $ 3,124 $ (2,638) $ (585) $ 2,525 $ 4,769 $ 20,142 $ 11,332 $ 686 $ (8,186)
6.49% 6.91% 6.57% 7.14% 7.04% 4.00% 7.26% 10.11% 13.48% 13.71% (149)
435
CITY OF PLACENTIA
REVENUES BY SOURCE - GENERAL FUND
LAST TEN FISCAL YEARS
(MODIFIED ACCRUAL BASIS OF ACCOUNTING)
Sales Licenses Fines, Use of Inter- Charges
Property and Other and Forfeitures, Money and Investment Leases Governmental for Current Other Fiscal Year Taxes Use Taxes Taxes Permits and Penalties Property Earnings* and Rents* Revenue Services Revenues Totals 2015 $ 12,448,958 $ 6,207,771 $ 3,394,915 $ 1,690,191 $ 484,676 $ 170,892 $ - $ - $ 224,246 $ 1,383,803 $ 1,778,619 $ 27,784,071 2016 13,259,241 7,257,004 3,550,183 1,733,049 542,253 - 24,157 670,631 466,271 1,091,250 1,053,220 29,647,259 2017 13,971,691 7,019,906 3,578,424 1,571,584 587,005 3,645 1,199,161 297,831 863,387 629,737 29,722,371 2018 14,551,076 6,948,279 6,042,998 1,701,878 562,390 31,161 1,255,240 252,963 1,284,507 708,662 33,339,154 2019 15,477,587 10,646,101 3,547,567 1,922,689 438,581 - 164,724 1,230,532 353,354 1,070,821 944,874 35,796,830 2020 15,980,879 13,140,914 5,708,333 2,453,827 418,752 170,567 1,211,622 701,864 885,206 885,076 41,557,040 2021 16,752,112 15,112,657 5,993,621 2,827,761 290,534 - (28,258) 1,079,979 9,743 879,298 490,006 43,407,453 2022 17,191,426 17,247,980 7,182,055 2,440,102 503,302 (323,152) 1,422,831 952,389 1,263,215 785,684 48,665,832 2023 18,738,855 17,530,357 8,160,127 2,643,941 457,065 - 67,366 1,572,445 8,640,895 1,364,054 1,385,763 60,560,868 2024 20,706,482 16,869,472 8,271,106 2,535,885 548,960 1,175,860 1,677,641 2,717,309 1,441,304 1,125,980 57,069,999 * Investment Earnings and Rents previously reported as Use of Money and Property Leases previously reported as Other Revenues.
Source: City of Placentia, Annual Comprehensive Financial Reports (150)
436
CITY OF PLACENTIA
ASSESSED VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
(AMOUNTS EXPRESS IN THOUSANDS)
City
Public
Fiscal Year Secured Utility
2015 $ 5,359,402
2016 5,706,871
2017 5,948,117
2018 6,259,165
2019 6,564,402
2020 6,862,623
2021 7,160,394
2022 7,373,165
2023 7,915,501
2024 8,744,760
Note:
Unsecured
Taxable
Assessed Direct
Value Rate
292 $ 155,890 $ 5,515,584 0.1644
292 169,843 5,877,006 0.1644
292 186,698 6,135,107 0.1644
292 183,716 6,443,173 0.1644
544 210,294 6,775,240 0.1644
544 189,948 7,053,115 0.1644
544 191,112 7,352,050 0.1644
544 187,422 7,561,131 0.1644
738 213,554 8,129,793 0.1644
738 234,484 8,979,982 0.1644
In 1978, the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum increase of 2%). With few exceptions, property is only re -assessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price 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.
Source: County of Orange
(151)
437
CITY OF PLACENTIA
DIRECT AND OVERLAPPING PROPERTY TAX RATES
LAST TEN FISCAL YEARS
Fiscal Year
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Placentia City
Placentia City Street Lighting Reorg.
Direct City Rate
Overlapping Rates:
OC Water District - Water Reserve
OC Vector Control
OC Transportation Authority
Orange County Water District
OC Harbor Beaches & Parks
OC Department of Education
Orange County Flood Control
OC Sanitation District #2 Operating
Placentia Library District
Orange County General Fund
North OC Comm. College General Fund
Education Revenue Augmentation Fund
Placentia Yorba Linda Unified Gen. Fund
Total Overlapping Rate
Metropolitan Water District
Placentia Yorba Linda Unified
N. Orange County Community College
Total Rate
Note:
0.1340 0.1340 0.1340 0.1340 0.1340 0.1340 0.1340 0.1340 0.1340 0.1340
0.0304 0.0304 0.0304 0.0304 0.0304 0.0304 0.0304 0.0304 0.0304 0.0304
0.1644 0.1644 0.1644 0.1644 0.1644 0.1644 0.1644 0.1644 0.1644 0.1644
0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001
0.0011 0.0011 0.0011 0.0011 0.0011 0.0011 0.0011 0.0011 0.0011 0.0011
0.0026 0.0026 0.0026 0.0026 0.0026 0.0026 0.0026 0.0026 0.0026 0.0026
0.0080 0.0080 0.0080 0.0080 0.0080 0.0080 0.0080 0.0080 0.0080 0.0080
0.0144 0.0144 0.0144 0.0144 0.0144 0.0144 0.0144 0.0144 0.0144 0.0144
0.0171 0.0171 0.0171 0.0171 0.0171 0.0171 0.0171 0.0171 0.0171 0.0171
0.0186 0.0186 0.0186 0.0186 0.0186 0.0186 0.0186 0.0186 0.0186 0.0186
0.0309 0.0309 0.0309 0.0309 0.0309 0.0309 0.0309 0.0309 0.0309 0.0309
0.0376 0.0376 0.0376 0.0376 0.0376 0.0376 0.0376 0.0376 0.0376 0.0376
0.0579 0.0579 0.0579 0.0579 0.0579 0.0579 0.0579 0.0579 0.0579 0.0579
0.0655 0.0655 0.0655 0.0655 0.0655 0.0655 0.0655 0.0655 0.0655 0.0655
0.1876 0.1876 0.1876 0.1876 0.1876 0.1876 0.1876 0.1876 0.1876 0.1876
0.3943 0.3943 0.3943 0.3943 0.3943 0.3943 0.3943 0.3943 0.3943 0.3943
0.8356 0.8356 0.8356 0.8356 0.8356 0.8356 0.8356 0.8357 0.8356 0.8357
0.0035 0.0035 0.0035 0.0035 0.0035 0.0035 0.0035 0.0035 0.0035 0.0035
0.0582 0.0567 0.0548 0.0553 0.0526 0.0485 0.0603 0.0485 0.0464 0.0424
0.0170 0.0304 0.0289 0.0293 0.0283 0.0241 0.0320 0.0288 0.0278 0.0172
1.0787 1.0906 1.0871 1.0881 1.0844 1.0761 1.0958 1.0809 1.0777 1.0632 In 1978, the voters of the State of California passed Proposition 13 which set the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within.
Source: HdL Coren Cone
(152)
438
CITY OF PLACENTIA
PRINCIPAL PROPERTY TAX PAYERS
CURRENT AND NINE YEARS AGO
(AMOUNTS EXPRESS IN THOUSANDS)
Taxpayer
310 S Jefferson Street Ground Owner LP
MG Herald Apartments LLC
Jefferson Centerpoint LLC
Placentia 422
Villa Angelina Apartment Fund LTD
GRI Village Center LLC
Gelt Cherry Street Fee Owner LLC
HP Bradford Terrace LLC
NMC Placentia LLC
Sedona-Placentia Owner LLC
Total
Source: HdL Coren Cone
2023
Percent of
Total City
Taxable Estimated Taxable
Assessed Total Assessed
Value Tax Value
$179,064 $ 1,791 1.99 %
134,665 1,347 1.50
68,579 686 .76
63,061 631 .70
60,090 601 .67
59,400 594 .66
49,362 494 .55
44,880 449 .50
41,399 414 .46
41,251 413 .46
$ 741,751 $ 7,418 8.26 %
Taxpayer
OC of SD Holdings
Placentia 422
Villa Tierra Apartments LLC
Sommerville Conzelman Com
Placentia -Linda Hospital Inc.
Ora Bradford Court 127 LLC
Donahue Schriber Realty Group
Reef Imperial Rose Inc.
Inland Western Placentia LLC
Hartwell Corporation
(153)
Total
2014
Percent of
Total City
Taxable Estimated Taxable
Assessed Total Assessed
Value Tax Value
$72,762 $ 728 1.32 %
53,520 535 .97
35,157 352 .64
33,144 331 .60
31,747 317 .58
26,883 269 .49
25,755 258 .47
24,483 245 .44
23,271 233 .42
20,675 207 .37
$ 347,397 $ 3,474 6.30 %
439
CITY OF PLACENTIA
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Collected within the Collections
Taxes Levied Fiscal Year of Levy in
for the Percent Subsequent
Fiscal Year Fiscal Year Amount of Levy Years
Note:
Total Collections to Date
Amount
Percent
of Levy
2015 $ 13,012,736 $ 12,973,298 99.70% N/A N/A N/A
2016 12,742,715 13,529,800 106.18 N/A N/A N/A
2017 12,831,914 12,865,221 100.26 N/A N/A N/A
2018 13,471,679 13,421,607 99.63 N/A N/A N/A
2019 14,144,498 14,244,954 100.71 N/A N/A N/A
2020 14,623,234 14,675,128 100.35 N/A N/A N/A
2021 15,211,067 15,384,500 101.14 N/A N/A N/A
2022 15,734,335 15,777,022 100.27 N/A N/A N/A
2023 17,044,617 16,794,264 98.53 N/A N/A N/A
2024 18,351,232 18,092,765 98.59 N/A N/A N/A
The amounts presented include City property taxes, In -Lieu Vehicle License Fees, and "triple flip" property tax revenue in lieu of sales tax. 2016 includes final payment of "triple flip" property tax revenue.
Source: County of Orange Auditor -Controller
(154)
440
CITY OF PLACENTIA
RATIO OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
(AMOUNTS EXPRESS IN THOUSANDS, EXCEPT PER CAPITA)
Fiscal Year
Governmental Activities
Business -Type
Activities
Tax Allocation Certificates Leases & Total Percent of Percent of Bonds Loans of Subscriptions Loans Primary Assessed Per Personal and Notes Payable Participation Payable Payable Government Valuation Capita Income 2015 $ 3,579 $ 41 $ 9,147 $ - $ - $ 12,767 .231
2016 3,063 218 8,697 - - 11,978 .204
2017 2,242 162 8,237 - - 10,641 .173
2018 1,226 1,325 7,737 - - 10,288 .160
2019 - 1,144 7,680 - - 8,824 .130
2020 - 6,154 7,095 - - 13,249 .188
2021 58,266 5,587 2,845 - - 66,698 .907
2022 55,970 8,657 - 651 - 65,278 .863
2023 53,755 7,549 - 2,838 - 64,142 .789
2024 60,710 5,566 - 4,411 - 70,687 .787
Source: City of Placentia, Finance Department
(155)
245 .83
229 .76
204 .66
195 .60
169 .49
257 .70
1,303 3.40
1,275 3.22
1,222 3.04
1,353 3.05
441
CITY OF PLACENTIA
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITY DEBT
JUNE 30, 2024
2023-24 Assessed Valuation (in thousands):
Successor Agency Incremental Valuation (in thousands):
Adjusted Assessed Valuation (in thousands):
Direct Debt:
Placentia 2022 Ref and Improv Cops
Placentia Electric Vehicles Loan Payable
Placentia Public Safety Radio Loan Payable
Placentia Fire Loan Payable #1
Placentia Fire Loan Payable #2
Placentia Melrose Easement
Placentia Fire UAL Loan Payoff
Placentia OCTA Advance
Placentia Motorola Equipment Loan Payable
Placentia 2021 Installment Sale Agreement
Placentia PFA 2020A Lease Revenue Bonds
Placentia PFA 2023A Lease Revenue Bonds
Total Direct Debt
Overlapping Tax and Assessment Debt:
Orange County General Fund Obligations
Orange County Board of Education COP
North Orange County Regional Occupation Program COP
Placentia-Yorba Linda Unified School District COP
Placentia -Yorba Linda Unified 2002, 2008, 2012 Bond
Metropolitan Water District
N. OC Community College 2002, 2014 Bond
Total Overlapping Debt
Total Direct and Overlapping Debt
$ 9,628,618
645,643
$ 8,982,975
Total Debt % Applicable
June 30, 2024 (1)
$ 1,331,266 100.00 %
96,530 100.00
362,479 100.00
2,096,314 100.00
1,098,741 100.00
222,672 100.00
344,932 100.00
714,982 100.00
1,197,159 100.00
2,293,000 100.00
48,530,000 100.00
9,190,000 100.00
City's Share
of Debt
June 30, 2024
$ 1,331,266
96,530
362,479
2,096,314
1,098,741
222,672
344,932
714,982
1,197,159
2,293,000
48,530,000
9,190,000
67,478,075
$ 440,385,000 1.167 % $ 5,139,293
10, 030, 000 1.167 117,050
7,350,000 5.395 396,533
79,900,000 23.272 18,594,328
197,150,879 23.272 45,880,953
18,210,000 .232 42,247
291,560,678 5.246 15,295,273
85,465,676
(1) Percentage of overlapping agency's assessed valuation located within boundaries of the city.
Ratios of Direct vs. Overlapping Debt:
Direct Debt
Overlapping Debt
Total Debt
Ratios of Debt to Assessed Valuation:
Direct Debt
Overlapping Debt
Total Debt
Source: HdL, Coren Cone
44.12 %
55.88 100.00 %
.75 %
.95
1.70 %
$ 152,943,751
(156)
442
CITY OF PLACENTIA
LEGAL DEBT MARGIN INFORMATION
LAST TEN FISCAL YEARS
Legal Debt Margin Calculation for the Current Year:
Assessed Value
Debt Limit (3.75% of Assessed Value)
Debt Applicable to Limit
Legal Debt Margin - Current Year
Fiscal
Year
Note:
Debt
Limit
Debt
Applicable
to Limit
2015 $ 213,385,760 $
2016 220,387,742
2017 230,066,512
2018 248,734,552
2019 261,192,507
2020 271,595,021
2021 283,280,448
2022 291,210,596
2023 312,538,330
2024 344,780,034
Legal
Debt
Marcin
$ 213,385,760
220,387,742
230,066,512
248,734,552
261,192,507
271,595,021
283,280,448
291,210,596
312,538,330
344,780,034
$ 9,194,134,236
344,780,034
$ 344,780,034
Debt as
Percentage
of Limit
-%
The City charter includes a debt limit of 15%; however, at the time the charter was established, only 25% of the market value was used. For the purpose of determining the debt limit, the City is following the intent of the charter and reducing the debt limit to 3.75% of assessed valuation.
Source: City of Placentia, Finance Department
(157)
443
CITY OF PLACENTIA
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN CALENDAR YEARS
(PERSONAL INCOME IN THOUSANDS, EXCEPT PER CAPITA)
Per Capita
Calendar City Personal Personal Unemployment
Year Population Income Income Rate
2014 52,084 $ 1,540,384 $ 29,575
2015 52,263 1,567,115 29,985
2016 52,268 1,614,628 30,891
2017 52,755 1,716,075 32,529
2018 52,333 1,805,719 34,504
2019 51,494 1,899,759 36,892
2020 51,173 1,959,175 38,285
2021 51,204 2,024,718 39,542
2022 52,507 2,109,099 40,167
2023 52,226 2,319,890 44,420
Sources: City Population - State Department of Finance
Unemployment Date - California Employment Development Department HdL, Coren Cone
6.2 5.1
4.5 3.5
3.0 2.9
8.7 5.8
3.2 3.6
(158)
444
CITY OF PLACENTIA
TAXABLE SALES BY CATEGORY
LAST TEN CALENDAR YEARS
(AMOUNTS EXPRESS IN THOUSANDS)
Calendar Year
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Apparel Stores
General Merchandise
Food Stores
Eating and Drinking Places
Building Materials
Auto Dealers and Supplies
Service Stations
Other Retail Stores
All Other Outlets
Note:
$ - $ - $ - $ - $ - $ - $ - $21,114 $21,854 $23,060
6,459 6,635 6,759 7,178 7,440 7,649 8,208 7,907 7,535 4,620 17,898 18,529 17,919 17,102 17,530 18,363 20,539 19,152 20,029 20,552 66,582 79,730 84,676 85,373 83,083 87,912 77,897 101,361 105,185 106,523 48,092 38,156 55,996 60,664 68,803 74,767 69,616 89,608 98,051 101,532 85,659 105,341 107,146 104,963 82,789 72,781 71,301 99,240 118,317 116,350 78,562 70,961 62,495 68,101 74,924 73,200 49,981 72,505 95,585 86,634 64,434 60,419 70,775 74,578 75,597 76,411 65,702 62,668 64,773 44,736 213,510 255,719 240,166 234,501 245,115 268,067 269,831 278,458 292,479 272,051 Total $ 581,196 $ 635,490 $ 645,932 $ 652,460 $ 655,281 $ 679,150 $ 633,075 $ 752,013 $ 823,808 $ 776,058 Due to confidentiality issues, the names of the ten largest revenue payers are not available.
The categories presented are intended to provide alternative information regarding the sources of the City's sales tax revenue.
The category "Apparel Stores" was added in the FY21/22 ACFR Source: State of California Board of Equalization and The HdL Companies (159)
445
CITY OF PLACENTIA
BUDGETED FULL-TIME EMPLOYEES BY DEPARTMENT
LAST TEN FISCAL YEARS
Fiscal Year
Department
City Clerk
City Administrator
Administrative Services (formerly Administration)
Finance
Development Services
Police
Fire and Life Safety
Public Works
Community Services
Total
Note:
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
2.00 2.00 2.00 2.00
8.00 7.00 7.00 11.50
6.00 7.00 7.00 8.00
4.00 4.75 6.50
67.00 69.50 74.50 80.00
18.00 19.00 20.25 20.75
4.00 6.00 6.50 7.25
99.00 105.00 114.50 122.00
In FY23/24 the category "City Administrator" was added and "Administration" was renamed "Administrative Services" As of FY23/24, "City Clerk" staff will be included in "Administrative Services" Source: City of Placentia, Finance Department
(160)
2.00 2.00 2.00 2.00 -
- - - - 5.00
9.50 10.50 25.45 26.45 29.65 32.00
8.00 8.00 9.00 9.00 9.00 9.00
8.50 8.50 8.55 9.55 11.35 12.00
76.00 84.00 71.00 72.00 75.00 76.00
- - 25.00 27.00 28.00 30.00
20.00 22.00 22.00 26.00 28.00 30.00
7.00 7.00 7.00 8.00 9.00 10.00
136.00 142.00 170.00 180.00 192.00 204.00
446
CITY OF PLACENTIA
OPERATING INDICATORS BY FUNCTION
LAST TEN FISCAL YEARS
Fiscal Year
Function/Program
Police:
Physical Arrests
Parking Citations
Traffic Citations
Community Development:
Building Permits
Building and Zoning Inspections
Public Works:
Feet of Sewer Main Cleaned
Streetsweeping Miles
Traffic Signals Maintained
Culture and Recreation:
Recreation Classes
Source: City of Placentia, Finance Department
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
1,732 1,373 1,250 1,381 1,282 1,053 1,257 1,400 1,380 1,360 11,141 12,729 13,161 2,359 7,398 4,646 3,742 2,974 7,585 9,755 2,498 2,060 1,824 2,659 7,707 1,601 1,162 509 818 1,944 1,411 1,472 1,268 1,347 1,263 1,407 1,346 1,425 1,461 1,509 178 133 128 87 92 126 181 128 435 127
401,280 401,280 249,134 385,510 318,118 396,000 372,246 372,246 372,246 295,421 21,684 21,684 21,684 7,955 7,955 8,772 8,772 8,772 8,772 8,772 57 57 57 61 61 63 63 63 63 63
787 747 727
(161)
645 610 577 387 421 477 637
447
CITY OF PLACENTIA
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Fiscal Year
Function/Program
Public Safety:
Police Stations
Sworn Officers
Patrol Vehicles
Fire Stations
Highways and Streets:
Miles of Streets
Street Trees
Traffic Signals
Street Lights
Sewer:
Miles of Sanitary Sewers
Storm Drains
Culture and Recreation:
Parks
Area of Parks (Acres)
Community Buildings
Community Centers
Senior Centers
Baseball Diamonds
Basketball Courts
Soccer Fields
Pools
Gymnasiums
Tennis Courts
Pickleball Courts
Handball Courts
Note:
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
1 1 1 1 1 1 1 1 1 1
46 46 46 51 51 46 51 46 48 51
26 26 26 32 32 33 16 16 17 17
2 2 2 2 2 2 2 2 2 2
107 107 107 107 132 132 132 133 133 133
9,214 9,214 9,214 9,139 7,175 7,077 6,929 6,688 6,915 6,863 229 229 229 230 230 230 230 230 230 230
3,656 3,656 3,656 3,660 3,660 3,656 3,656 3,656 3,915 3,656 76 76 76 76 76 84 84 84 84 84
506 506 506 506 506 506 506 531 531 531
16 16 16 16 16 15 15 15 15 15
72.9 72.9 72.9 72.9 100.9 60.9 60.9 60.9 60.9 60.9
7 7 7 7 7 7 7 7 7 7
3 3 3 3 3 3 3 3 3 3
1 1 1 1 1 1 1 1 1 1
7 7 7 7 7 7 7 7 7 7
8 8 8 8 8 7 7 7 7 7
1 1 1 1 1 1 1 1 1 1
2 2 2 2 2 2 2 2 2 2
1 1 1 1 1 1 1 1 1 1
- - - 1 1
4 4
6 In FY20/21, the Fleet Manager provided the number of patrol vehicles as 16. The police department could not recreate the previously reported number of 33. When taking into account all police department vehicles, the number was 45. Therefore, only the actual patrol vehicles were reported starting in FY20/21.
In FY23/24 the handball courts were added to the list. They are not new to the city, but new to the list.
Source: City of Placentia, Finance Department
(162)
448
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CITY OF PLACENTIA, CALIFORNIA
SINGLE AUDIT OF FEDERALLY ASSISTED
GRANT PROGRAMS
YEAR ENDED JUNE 30, 2024
CPAs
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451
CITY OF PLACENTIA
TABLE OF CONTENTS
YEAR ENDED JUNE 30, 2024
INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND REPORT ON COMPLIANCE AND OTHER
MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS
PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING
STANDARDS
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE FOR EACH MAJOR
FEDERAL PROGRAM, REPORT ON INTERNAL CONTROL OVER
COMPLIANCE, AND REPORT ON THE SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS REQUIRED BY THE UNIFORM GUIDANCE
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
1 3
6 7
8 452
8 CliftonLarsonAllen LLP
CLAconnect.com
INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER
FINANCIAL REPORTING AND REPORT ON COMPLIANCE AND OTHER MATTERS
BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED
IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
Members of the City Council
City of Placentia
Placentia, California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of City of Placentia (the City), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City's basic financial statements, and have issued our report thereon dated February 28, 2025.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do not express an opinion on the effectiveness of the City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified.
We identified a deficiency in internal control, described in the accompanying schedule of findings and questioned costs as item 2024-001, that we consider to be a material weakness.
CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer (1)
453
Members of the City Council
City of Placentia
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
City of Placentia's Response to Findings
Government Auditing Standards requires the auditor to perform limited procedures on the City's response to the findings identified in our audit and described in the accompanying schedule of findings and questioned costs. The City's response was not subjected to the other auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on the response.
Purpose of This Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
CliftonLarsonAllen LLP
Irvine California
February 28, 2025
(2)
454
CliftonLarsonAllen LLP
CLAconnect.com
INDEPENDENT AUDITORS' REPORT ON COMPLIANCE FOR EACH MAJOR
FEDERAL PROGRAM, REPORT ON INTERNAL CONTROL OVER COMPLIANCE,
AND REPORT ON THE SCHEDULE OF EXPENDITURES OF
FEDERAL AWARDS REQUIRED BY THE UNIFORM GUIDANCE
Members of the City Council
City of Placentia
Placentia, California
Report on Compliance for Each Major Federal Program
Opinion on Each Major Federal Program
We have audited the City of Placentia's (the City) compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the City's major federal programs for the year ended June 30, 2024. The City's major federal programs are identified in the summary of auditors' results section of the accompanying schedule of findings and questioned costs.
In our opinion, the City complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2024.
Basis for Opinion on Each Major Federal Program
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (GAAS); the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditors' Responsibilities for the Audit of Compliance section of our report.
We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on compliance for each major federal program. Our audit does not provide a legal determination of the City's compliance with the compliance requirements referred to above.
Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules and provisions of contracts or grant agreements applicable to the City's federal programs.
CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global " CLAglobal.com/disclaimer (3)
455
Members of the City Council
City of Placentia
Auditors' Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City's compliance based on our audit. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City's compliance with the requirements of each major federal program as a whole.
In performing an audit in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the City's compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.
• Obtain an understanding of the City's internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control over compliance. Accordingly, no such opinion is expressed.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit.
Report on Internal Control Over Compliance
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.
(4)
456
Members of the City Council
City of Placentia
Our consideration of internal control over compliance was for the limited purpose described in the Auditors' Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.
Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.
The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.
Report on the Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City's basic financial statements. We have issued our report thereon, dated February 28, 2025, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements.
The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements.
The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the basic financial statements as a whole.
CliftonLarsonAllen LLP
Irvine, California
March 19, 2025
(5)
457
CITY OF PLACENTIA
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
YEAR ENDED JUNE 30, 2024
Federal Grantor/Pass-Through Grantor/
Program/Cluster Title/Project
U.S. Department of Housing and Urban Development
Passed -through the County of Orange:
Community Development Block Grants/ Entitlement Grants Cluster:
Community Development Block Grant
Community Development Block Grant
COVID-19 - Community Development Block Grant
Total Community Development Block Grants/ Entitlement Grants Cluster and U.S. Department of Housing and Urban Development U.S. Department of Justice
Direct Assistance:
Bulletproof Vest Partnership Program
Equitable Sharing Program
Passed -through The Children's Initiative:
Project Safe Neighborhoods
Passed -through The Orange County Sherriffs Department:
Edward Byrne Memorial Justice Assistance Grant Program
Federal
Assistance Pass -Through Passed -
Listing Entity Identifying Federal Through to
Number Number Expenditures Subrecipients
14.218 22-23-0018-HCD $ 35,919 $
14.218 012-23011328 357,435
14.218 012 -23010698 -CV 50,000
443,354
16.607 N/A 7,199
16.922 N/A 7,666
16.609 2019-GP-BX-0134 93,309
15PBJA-21-GG-
16.738 01188-JAGX
4,890
Total U.S. Department of Justice 113,064
U.S. Department of Transportation
Passed -Through the California Department of Transportation:
Highway Planning and Construction
Passed -Through the Orange County Transportation Authority:
Highway Planning and Construction
20.205 HSIPL-2569(028) 39,264
20.205 ORA190913 27,029
Total U.S. Department of Transportation 66,293
U.S. Department of Treasury
Direct Assistance:
Equitable Sharing
COVID-19 - Coronavirus State and Local Fiscal Recovery Funds
21.016
21.027
N/A
N/A
110,870
1,371,749
Total U.S. Department of Treasury 1,482,619
Total Expenditures of Federal Awards $ 2,105,330 $
See accompanying Notes to Schedule of Expenditures of Federal Awards. (6)
458
CITY OF PLACENTIA
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
JUNE 30, 2024
NOTE 1 BASIS OF PRESENTATION
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the City of Placentia (the City) under programs of the federal government as well as federal financial assistance passed through other government agencies for the year ended June 30, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial statements of the City. The City's reporting entity is defined in Note 1 of the notes to the City's financial statements.
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting for governmental funds and the accrual basis for proprietary funds, which is described in Note 1 of the notes to the City's financial statements. Such expenditures are recognized following the cost principles contained in the Uniform Guidance for all awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
NOTE 3 INDIRECT COST RATE
The City has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
(7)
459
CITY OF PLACENTIA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
YEAR ENDED JUNE 30, 2024
Section I — Summary of Auditors' Results
Financial Statements
1. Type of auditors' report issued:
2. Internal control over financial reporting:
• Material weakness(es) identified?
• Significant deficiency(ies) identified?
3. Noncompliance material to financial
statements noted?
Federal Awards
1. Internal control over major federal programs:
• Material weakness(es) identified?
• Significant deficiency(ies) identified?
2. Type of auditors' report issued on
compliance for major federal programs:
3. Any audit findings disclosed that are
required to be reported in accordance
with 2 CFR 200.516(a)?
Identification of Major Federal Programs
Assistance Listing Number(s)
21.027
Dollar threshold used to distinguish between
Type A and Type B programs:
Unmodified
x yes
yes
yes
Unmodified
yes
no
x none reported
x no
x no
yes x none reported
yes
x no
Name of Federal Program or Cluster
Coronavirus State and Local Fiscal
Recovery Funds
$ 750,000
Auditee qualified as low -risk auditee? yes x no
(8)
460
CITY OF PLACENTIA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED)
YEAR ENDED JUNE 30, 2024
Section 11 - Financial Statement Findings
2024 — 001: Financial Close and Reporting
Type of Finding: Material Weakness in Internal Control Over Financial Reporting Condition: Audit procedures resulted in the discovery of misstatements, that if not corrected, would cause the City's financial statements to be materially misstated.
Criteria or specific requirement: The City's system of internal controls over financial close and reporting should be designed and functioning to prevent material misstatements to the City's financial statements.
Effect: The following adjustments were recorded to correct the City's financial statements. • Pension related deferred inflow of resources for government wide governmental activities was adjusted for an overstatement of approximately $1,467,000. • Long-term debt for government wide governmental activities was adjusted for an overstatement of approximately $62,000.
• Approximately $6,150,000 of completed capital projects were moved from construction in progress to various capital assets being depreciated categories. • Cash and accounts payable were adjusted by approximately $461,000 to correct an overstatement in each account balance.
• The Net OPEB liability for the refuse fund was adjusted for an overstatement of approximately $419,000.
• Other financing sources and capital outlay for the general fund were adjusted to correct an understatement in each account balance of approximately $1,299,000.
Cause: The issues mentioned above were caused either by user error or the occurrence of a new scenario that had not been encountered previously. For the pension -related deferred inflows, an incorrect line item in the CaIPERS reporting for the total instead of the employer portion was mistakenly included in the pension calculation. Additionally, as part of an agreement for constructing three billboards, the company responsible for the billboards made the full payment for the easement associated with one of the structures. As a result, the debt owed to the company was not included in the debt schedule, as the City had been reducing its payments to account for this. Initially, the TOD/Crowther project was not captured, as it was paid by the general fund through ARPA. However, it was later reclassified as a Sewer fund asset. The cash and accounts payable were overstated due to timing differences in the bank, which were carried forward into July. When the net OPEB liability was being calculated, a negative sign was accidentally omitted in the prior year's ending balance. Finally, since the City did not have physical possession of an asset while it was being prepared for service, the financing source for the asset was not recorded initially.
Recommendation: We recommend that City management review the processes and procedures over its financial close and reporting to ensure that proper levels of review and reconciliation of all material account balances are completed.
(9)
461
CITY OF PLACENTIA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (CONTINUED)
YEAR ENDED JUNE 30, 2024
Section II - Financial Statement Findings (Continued)
Views of responsible officials and planned corrective actions:
The city will continue to develop a more comprehensive year-end checklist, incorporating the items mentioned above to prevent them from recurring. In addition, the city will ensure that only the employer's portion is included when calculating pension activity. The remaining easement debt has been added to the debt schedule and will remain listed until fully repaid. The city will also ensure that any future sewer projects are properly transferred from the general fund to the sewer fund if the general fund has contributed to the asset. As part of the year-end close, the city will make sure that any timing differences at the end of June are resolved. Before finalizing the workpapers, the amounts entered will be verified against the prior year's workpapers, and the backup will be included to ensure consistency.
Lastly, the City will review the start date of all debt service agreements, and if the start date is prior to June 30, it will require capital outlay and other financing sources to be properly accounted for.
Section III — Findings and Questioned Costs — Major Federal Programs None identified.
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8 Members of the City Council
City of Placentia
Placentia, California
CliftonLarsonAllen LLP
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We have audited the financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City of Placentia as of and for the year ended June 30, 2024, and have issued our report thereon dated February 28, 2025. We have previously communicated to you information about our responsibilities under auditing standards generally accepted in the United States of America and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit in our engagement agreement dated May 1, 2024. Professional standards also require that we communicate to you the following information related to our audit.
Significant audit findings or issues
Qualitative aspects of accounting practices
Accounting policies
Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City of Placentia are described in Note 1 to the financial statements.
As described in Note 1C, the City changed accounting policies related to the accounting and financial reporting for each type of accounting change and for error corrections by adopting Statement of Governmental Accounting Standards (GASB Statement) No. 100, Accounting Changes and Error Corrections — An Amendment to GASB Statement No. 62, in 2024.
We noted no transactions entered into by the entity during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.
Accounting estimates
Accounting estimates are an integral part of the financial statements prepared by management and are based on management's knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the financial statements were:
• The actuarially determined contributions, OPEB expense, net OPEB liability and corresponding deferred outflows of resources and deferred inflows of resources for the City's public defined benefit plans with CaIPERS are based on actuarial valuations provided by a third -party actuary. We evaluated the methods, assumptions, and data used to develop the actuarially determined contributions, OPEB expense, net OPEB liability and corresponding deferred outflows of resources and deferred inflows of resources and related disclosures in determining that it is reasonable in relation to the financial statements taken as a whole.
CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer 464
Members of the City Council
City of Placentia