City of Pomona ACFR FY 2021-22 - Attachment 1.pdf — City Council / Housing Authority, January 9, 2023

CITY OF POMONACITY OF POMONA

CALIFORNIACALIFORNIA

ANNUAL COMPREHENSIVE ANNUAL COMPREHENSIVE

FINANCIAL REPORTFINANCIAL REPORT
FOR THE YEAR ENDING JUNE 30, 2022 FOR THE YEAR ENDING JUNE 30, 2022 Attachment 1
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CITY OF POMONA, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT

FOR THE YEAR ENDED JUNE 30, 2022

TABLE OF CONTENTS
Page
Number
INTRODUCTORY SECTION (Unaudited)

Letter of Transmittal ................................................................................................................................. i GFOA Certificate of Achievement for Excellence in Financial Reporting .............................................. vi Organizational Chart ............................................................................................................................. vii Directory of City Officials ...................................................................................................................... viii Executive Management Team ............................................................................................................... ix

FINANCIAL SECTION

INDEPENDENT AUDITORS’ REPORT .................................................................................................. 1

MANAGEMENT’S DISCUSSION AND ANALYSIS
(Required Supplementary Information) (Unaudited) ............................................................................... 5

BASIS FINANCIAL STATEMENTS

Governmental Wide Financial Statements:

Statement of Net Position ............................................................................................................... 21 Statement of Activities .................................................................................................................... 22

Fund Financial Statements:

Governmental Fund Financial Statements:

Balance Sheet ............................................................................................................................. 28 Reconciliation of the Governmental Funds Balance Sheet to the Governmental Wide Statement of Net Position ........................................................................................................ 31 Statement of Revenues, Expenditures and Changes in Fund Balances .................................... 32 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances to the Governmental Wide Statement of Activities ..................................... 34

Proprietary Funds:

Statement of Net Position ............................................................................................................ 36 Statement of Revenues, Expenses and Changes in Fund Net Position ..................................... 38 Statement of Cash Flows ............................................................................................................ 40

Fiduciary Funds:

Statement of Fiduciary Net Position ............................................................................................ 44 Statement of Changes in Fiduciary Net Position ......................................................................... 45

Notes to Financial Statements ........................................................................................................... 53

CITY OF POMONA, CALIFORNIA

ANNUAL COMPREHENSIVE FINANCIAL REPORT

FOR THE YEAR ENDED JUNE 30, 2022

TABLE OF CONTENTS
Page
Number

REQUIRED SUPPLEMENTARY INFORMATION

Budgetary Comparison Schedule:

General Fund ................................................................................................................................ 134 Housing Authority Special Revenue Fund .................................................................................... 135 Miscellaneous Grants Special Revenue Fund ............................................................................. 136 American Rescue Plan Special Revenue Fund ........................................................................... 137

Notes to the Budgetary Comparison Schedule ............................................................................... 139

Schedule of Changes in the Net Pension Liability (Asset) and Related Ratios:

Miscellaneous Plan – Agent Multiple – Employer Defined Benefit Plan ...................................... 140 Safety Plan – Agent Multiple – Employer Defined Benefit Plan ................................................... 142 Collateral Benefits Plan ................................................................................................................ 144

Schedule of Contributions - Pensions:

Miscellaneous Plan – Agent Multiple – Employer Defined Benefit Plan ...................................... 146 Safety Plan – Agent Multiple – Employer Defined Benefit Plan ................................................... 148 Collateral Benefits Plan ................................................................................................................ 150

Schedule of Changes in Net Other Post-Employment Benefits Liability and Related Ratios:

Other Post-Employment Benefits Plan ......................................................................................... 152

SUPPLEMENTARY INFORMATION

Schedule of Revenues, Expenditures, and Change in Fund Balance – Budget and Actual:

Capital Outlay Capital Projects Fund ........................................................................................ 156 Assessment District Improvement ............................................................................................. 157 General Government Debt Service Fund .................................................................................. 158 Public Financing Authority Debt Service Fund .......................................................................... 159

Nonmajor Governmental Funds:

Combining Balance Sheets .......................................................................................................... 160 Combining Statements of Revenues, Expenditures, and Change in Fund Balance .................... 166

Schedule of Revenues, Expenditures, and Change in Fund Balance – Budget and Actual:

Community Development Block Grant Special Revenue Fund ................................................ 171 State Gas Tax ........................................................................................................................... 172 Proposition A ................................................. ............................................................................ 173 Proposition C ............................................................................................................................. 174 &,7<2)32021$&$/,)251,$

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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Pomona
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2021
Executive Director/CEO
vi

CITY OF POMONA

ORGANIZATIONAL CHART

RESIDENTS

OF POMONA
Mayor &
City Council
City Manager
Administration Finance Police Development
Services
Water
Resources Library
City
Attorney
City
Clerk
City
Treasurer
Boards &
Commissions
Human
Resources
Information
Technology Fire Public
Works
Neighborhood
Services

CITY OF POMONA
vii

CITY OF
POMONA

MAYOR TIM SANDOVAL

JOHN NOLTE
DISTRICT 1 - COUNCIL MEMBER

VICTOR PRECIADO
DISTRICT 2 - COUNCIL MEMBER

NORA GARCIA
DISTRICT 3 - COUNCIL MEMBER

ELIZABETH

ONTIVEROS-COLE
DISTRICT 4 - COUNCIL MEMBER

STEVE LUSTRO
DISTRICT 5 - COUNCIL MEMBER
ROBERT S. TORRES
DISTRICT 6 - COUNCIL MEMBER

ANNUAL COMPREHENSIVE FINANCIAL REPORT
FISCAL YEAR 2021-2022

JAMES MAKSHANOFF

CITY MANAGER

SONIA CARVALHO
(BEST, BEST, & KRIEGER)

CITY ATTORNEY

ROSALIA BUTLER

CITY CLERK

CITY COUNCIL

COUNCIL APPOINTED

CITY OFFICIALS
viii

EXECUTIVE

MANAGEMENT TEAM

MISSION STATEMENT
Pomona will be recognized as a vibrant, safe, and beautiful community that is a fun and exciting destination and the home of arts and artists, students and scholars, business and industry.

VISION STATEMENT
Pomona - Vibrant - Safe - Beautiful
The City of Pomona values...

Cultural Diversity
Fiscal Responsibility
Focusing on the Future
Excellent Customer Service
Leadership
Quality of Life
Clear & Open Communication
MOTTO

CORE VALUES
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20 CITY OF POMONA

STATEMENT OF NET POSITION
Governmental Business-Type
Activities Activities Total
Assets:

Cash and investments 154,090,808$ 68,959,969 $ 223,050,777 $ Receivables (net):

Accounts 6,420,843 20,918,415 27,339,258
Notes and loans 36,150,995 - 36,150,995 Interest 365,226 225,280 590,506
Internal balances (2,358,391) 2,358,391 - Prepaid costs 856,859 73,754 930,613 Deposits - 147,000 147,000 Due from other governments 17,394,042 - 17,394,042 Inventories 479,615 627,330 1,106,945 Land held for resale 4,359,738 - 4,359,738 Restricted assets:

Cash and investments 1,285,428 2,622,338 3,907,766 Cash with fiscal agent 2,352,119 7,543,450 9,895,569 Lease Receivables 647,444 - 647,444 Other investments - 9,000 9,000 Net pension asset 93,868,855 11,928,070 105,796,925 Capital assets not being depreciated 140,356,391 26,022,446 166,378,837 Capital assets, net of depreciation/amortization 154,343,804 132,378,322 286,722,126 Total Assets 610,613,776 273,813,765 884,427,541 Deferred Outflows of Resources:

Deferred charges on refunding 305,597 398,915 704,512 Deferred outflows of resources related to pensions 8,289,306 701,234 8,990,540 Deferred outflows of resources related to
other postemployment benefits 9,436,828 2,262,043 11,698,871 Total Deferred Outflows of Resources 18,031,731 3,362,192 21,393,923 Liabilities:

Accounts payable 6,966,395 8,911,850 15,878,245 Accrued liabilities 737,123 299,341 1,036,464 Accrued interest 512,696 592,886 1,105,582 Unearned revenue 53,726,667 260,954 53,987,621 Retentions payable 604,663 - 604,663 Deposits payable 4,805,459 4,367,028 9,172,487 Payroll payable 1,794,263 297,710 2,091,973 Noncurrent liabilities:

Due within one year
Lease liabiltiy, due within one year 53,596 - 53,596 Long-term debt, due within one year 9,924,963 3,281,561 13,206,524 Compensated absences, due within one year 5,960,129 1,161,074 7,121,203 Claims and judgements, due within one year 14,592,000 - 14,592,000 Due in more than one year
Lease liability, due in more than one year 98,795 - 98,795 Long-term debt, due in more than one year 274,402,199 122,475,322 396,877,521 Compensated absences, due in more than one year 3,248,487 596,232 3,844,719 Claims and judgements, due in more than one year 24,670,949 - 24,670,949 Total other postemployment benefits liability 85,653,700 20,531,503 106,185,203 Net pension liability 494,984 - 494,984 Total Liabilities 488,246,966 162,775,461 651,022,427 Deferred Inflows of Resources:

Deferred charges on refunding 333,324 2,813,730 3,147,054 Deferred inflows of resources related to leases 637,280 - 637,280 Deferred inflows of resources related to pensions 73,190,977 9,095,544 82,286,521 Deferred inflows of resources related to
other postemployment benefits 3,148,688 754,753 3,903,441 Total Deferred Inflows of Resources 77,310,269 12,664,027 89,974,296 Net Position:

Net investment in capital assets 225,279,591 58,873,617 284,153,208 Restricted for:

Community development projects 78,915,647 - 78,915,647 Capital projects 7,171,608 - 7,171,608 Debt service 68,220,071 - 68,220,071 Unrestricted (316,498,645) 42,862,852 (273,635,793) Total Net Position 63,088,272$ 101,736,469 $ 164,824,741 $ JUNE 30, 2022
Primary Government
See Notes to Financial Statements.
21 CITY OF POMONA

STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2022
Operating Capital
Charges for Contributions Contributions
Expenses Services and Grants and Grants
Functions/Programs
Primary Government:

Governmental Activities:

General government 4,356,429$ 12,960,044$ 291,002$ -$ Public safety 91,066,227 2,702,698 1,128,488 - Development services and public works 61,937,835 12,393,964 32,689,544 20,129,121 Neighborhood services and library 5,713,662 507,528 - - Interest on long-term debt 12,583,888 - - - Total Governmental Activities 175,658,041 28,564,234 34,109,034 20, 129,121 Business-Type Activities:

Water 33,122,484 41,466,399 725,769 - Sewer 3,548,204 7,220,461 118,007 - Refuse 9,905,436 11,552,713 29,768 - Canon Water Company - February 28, 2022 15,334 - - - Pomona Choice Energy Authority 35,805,533 34,839,553 - - Total Business-Type Activities 82,396,991 95,079,126 873,544 - Total Primary Government 258,055,032$ 123,643,360$ 34,982,578$ 20,129,121$ General Revenues:

Taxes:

Property taxes, levied for general purpose
Transient occupancy taxes
Sales taxes
Franchise taxes
Utility users tax
Other taxes
Motor vehicle in lieu - unrestricted
Use of money and properties
Other
Gain on sale of capital asset
Transfers
Total General Revenues and Transfers
Change in Net Position
Net Position at Beginning of Year
Net Position at End of Year
Program Revenues
See Notes to Financial Statements.
22 Primary Government
Governmental Business-Type
Activities Activities Total
8,894,617$ -$ 8,894,617$ (87,235,041) - ( 87,235,041) 3,274,794 - 3,274,794 (5,206,134) - (5,206,134) (12,583,888) - ( 12,583,888) (92,855,652) - ( 92,855,652) - 9, 069,684 9, 069,684 - 3, 790,264 3, 790,264 - 1, 677,045 1, 677,045 - (15,334) ( 15,334) - ( 965,980) (965,980) - 13,555,679 13, 555,679 (92,855,652) 13, 555,679 ( 79,299,973) 44,838,946 - 44,838,946 2,593,896 - 2,593,896 42,229,675 - 42,229,675 5,632,845 - 5,632,845 18,407,292 - 18,407,292 2,893,439 - 2,893,439 174,812 - 174,812 1,043,118 (1,083,110) (39,992) 119,013 66,107 185,120 - 18,605 18,605 (349,459) 349,459 -
117,583,577 ( 648,939) 116,934,638 24,727,925 12, 906,740 37, 634,665 38,360,347 88, 829,729 127 ,190,076 63,088,272$ 101,736,469$ 164 ,824,741$ Net (Expenses) Revenues and Changes in Net Position
See Notes to Financial Statements.
23 7+,63$*(,17(17,21$//</()7%/$1.
24 )81'),1$1&,$/67$7(0(176
25 7+,63$*(,17(17,21$//</()7%/$1.
26 *29(510(17$/)81'),1$1&,$/67$7(0(176
27 CITY OF POMONA

BALANCE SHEET

GOVERNMENTAL FUNDS
JUNE 30, 2022
Capital
Projects Funds
General
Assets:

Cash and investments 39,942,013$ 4,183,416$ 2,229,199$ 43,067,519$ 8,789,132$ Receivables (net):

Accounts 5,892,956 24,446 115,965 - 1,198 Notes and loans - 13, 831,093 20,767,203 - - Interest 160,508 10,023 4,011 - 593 Prepaid items 118,624 25,351 - - - Due from other governments 10,816,546 990,658 2,879,705 - 734,806 Due from other funds 2,546,814 - - - - Advances to other funds - - - - - Lease receivables 647,444 - - - - Land held for resale - 4, 359,738 - - - Restricted assets:

Cash and investments 101,402 - - - 14,453 Cash with fiscal agent - 973,935 - - 577,819 Total Assets 60,226,307$ 24,398,660$ 25,996,083$ 43,067,519$ 10,118,001$ Liabilities, Deferred inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable 2,508,900$ 262,656$ 982,045$ -$ 1,934,535$ Payroll payable 1,490,668 49,291 58,704 - 20,215 Accrued liabilities - 248,526 - - - Deposits payable 4,458,082 34,938 - - 68,814 Retention payables - - - - 604,663 Due to other funds - - - - - Advances from other funds 304,435 - - - - Unearned revenues - 48,045 852,004 43,067,519 - Total Liabilities 8,762,085 643,456 1,892,753 43,067,519 2,628,227 Deferred inflows of resources:

Unavailable revenues 1,129,110 1,954,081 2,965,890 - 318,166 Leases 637,280 - - - - Total Deferred inflows of Resources 1,766,390 1,954,081 2,965,890 - 318,166 Fund Balances:

Nonspendable:

Prepaid costs 118,624 25,351 - - - Restricted
Development services and public works - 21, 775,772 - - - Public safety - - - - - Neighborhood service - - 21,137,440 - - Assessment district improvement - - - - - Capital projects - - - - 7,171,608 Debt service - - - - - Parks and recreation - - - - - Committed
Fiscal sustainability 21,142,339 - - - - Unassigned (deficit) 28,436,869 - - - - Total Fund Balances 49,697,832 21, 801,123 21,137,440 - 7,171,608 Total Liabilities, deferred inflows of
resources, and Fund Balances 60,226,307 $ 24,398,660 $ 25,996,083 $ 43,067,519 $ 10,118,001 $ Capital Outlay
Capital Projects
Fund
American
Rescue Plan
Housing
Authority
Miscellaneous
Grants
Special Revenue Funds
See Notes to Financial Statements.
28 CITY OF POMONA

BALANCE SHEET

GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments
Receivables (net):

Accounts
Notes and loans
Interest
Prepaid items
Due from other governments
Due from other funds
Advances to other funds
Lease receivables
Land held for resale
Restricted assets:

Cash and investments
Cash with fiscal agent
Total Assets
Liabilities, Deferred inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable
Payroll payable
Accrued liabilities
Deposits payable
Retention payables
Due to other funds
Advances from other funds
Unearned revenues
Total Liabilities
Deferred inflows of resources:

Unavailable revenues
Leases
Total Deferred inflows of Resources
Fund Balances:

Nonspendable:

Prepaid costs
Restricted
Development services and public works
Public safety
Neighborhood service
Assessment district improvement
Capital projects
Debt service
Parks and recreation
Committed
Fiscal sustainability
Unassigned (deficit)
Total Fund Balances
Total Liabilities, deferred inflows of
resources, and Fund Balances

Other Total
Governmental Governmental
Funds Funds
-$ 102,571$ 43, 725,252$ 142, 039,102$ - - 386,278 6,420,843 - - 1,552,699 36,150,995 - 323 120,396 295,854 712,884 - - 856,859 - - 1,972,327 17,394,042 - - - 2,546,814 - 66,950,000 304, 435 67,254,435 - - - 647,444 - - - 4,359,738 - 1, 169,573 - 1,285,428 800,365 - - 2,352,119 1,513,249$ 68,222,467$ 48,061,387$ 281,603,673$ 7,690$ -$ 709,946$ 6,405,772$ - 2,396 105,594 1,726,868 488,597 - - 737,123 - - 243,625 4,805,459 - - - 604,663 1,578,255 - 514,497 2,092,752 66,950,000 - - 67,254,435 - - 9,759,099 53,726,667 69,024,542 2,396 11,332,761 137,353,739 - - 866,019 7,233,266 - - - 637,280 - - 866,019 7,870,546 712,884 - - 856,859 - - 33,071,326 54,847,098 - - 2,190,762 2,190,762 - - - 21,137,440 - - 524,107 524,107 - - - 7,171,608 - 68,220,071 - 68,220,071 - - 216,240 216,240 - - - 21,142,339 (68,224,177) - ( 139,828) (3 9,927,136) (67,511,293) 68,220,071 35, 862,607 136,379,388 1,513,249$ 68,222,467$ 48,061,387$ 281,603,673$ Public
Financing
Authority
General
Government
Debt Service Funds
See Notes to Financial Statements.
29 7+,63$*(,17(17,21$//</()7%/$1.
30 CITY OF POMONA

RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF NET POSITION
JUNE 30, 2022
Fund balances of governmental funds 136,379,388$
Amounts reported for governmental activities in the statement of net position are different because:

Capital assets net of depreciation have not been included as financial resources in governmental fund activity. 294,450,482
Net pension liability (asset) and related deferred outflows and inflows of resources are not due and payable in the current period; therefore, are not reported as governmental funds' liabilities. They are reported in the Statement of Net Position.

Deferred outflows of resources related to pensions 8,103,677$ Net pension asset 90,711,288
Net pension liability (494,984)
Deferred inflows of resources related to pensions (70,783,228) 27,536,753 Net other postemployment benefits liability and related deferred outflows and inflows of resources are not due and payable in the current period; therefore, are not reported as government funds' liabilities. They are reported in the Statement of Net Position.

Deferred outflows of resources related to other postemployment benefits 8,918,164 Net other postemployment benefits liability (80, 946,025) Deferred inflows of resources related to other postemployment benefits (2,975,631) (75, 003,492) Long-term liabilities applicable to the City's governmental activities are not due and payable in the current period; therefore, are not reported as government funds' liabilities. They are reported in the Statement of Net Position.

Lease liability (152,391)
Financed purchases (1,046,097)
Notes payable (1,904,951)
Revenue bonds (68,527,713)
Pension obligation refunding bonds (198,142,441)
Accreted interest related to the pension obligation refunding bonds (6,116,427) Collateralized borrowing (2,965,309)
Deferred losses on refunding (333,324)
Deferred gains on refunding 305,597
Compensated absences (9,000,487) (287,883,543)
Accrued interest payable for the current portion of interest due on Bonds has not been reported in the governmental funds. (512,696) Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the intergovernmental revenues in the governmental fund activity. 7,233,368
Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self-insurance, to individual funds.

The assets and liabilities of the internal service funds must be added to the statement of net position. (39,111,988)
Net Position of governmental activities 63,088,272$
See Notes to Financial Statements.
31 CITY OF POMONA

STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
General
Revenues:

Taxes 119,961,900$ -$ -$ -$ -$ Special assessments - - - - - Licenses, permits and fees 9,441,593 - - - 220,804 Intergovernmental 620,658 20,918,746 9,107,867 2,298,894 3,308,639 Charges for services 2,873,972 1,099 275,299 - 783,578 Use of money and properties (557,019) 785,713 935,224 - 1,558 Fines and forfeitures 2,283,651 - - - - Contributions from Successor Agency - - - - 295,941 Miscellaneous 1,636,312 1,900 368,193 - 1, 908,129 Total Revenues 136,261,067 21,707,458 10,686,583 2,298,894 6, 518,649 Expenditures:

Current:

General government 5,821,962 - - - - Public safety 92,604,367 - 570,219 6,750 - Development services 13,900,224 21,095,025 8,898,658 - - Neighborhood services and library 4,314,437 - 906,465 - - Capital outlay 576,698 - 178,616 - 14,713,268 Debt service:

Principal retirement 174,358 - - - - Interest and fiscal charges 36,710 - - - - Total Expenditures 117,428,756 21,095,025 10,553,958 6,750 14,713,268 Excess (Deficiency) of Revenues
Over (Under) Expenditures 18,832,311 612,433 132,625 2,292,144 (8, 194,619) Other Financing Sources (Uses):

Transfers in 1,444,374 71,500 126,936 - 12,598,067 Transfers out (6,937,945) (755,988) - (2, 292,144) (819,017) Proceeds from sale of capital assets 19,604 3,271,237 - - 3,724 Total Other Financing Sources (Uses) (5,473,967) 2,586,749 126,936 (2,292,144) 11,782,774 Net Change in Fund Balances 13,358,344 3,199,182 259,561 - 3, 588,155 Fund Balances, Beginning of Year 36,339,488 18,601,941 20,877,879 - 3, 583,453 Fund Balances, End of Year 49,697,832$ 21,801,123$ 21,137,440$ -$ 7 ,171,608$ Special Revenue Funds
Capital Projects
Funds
Housing
Authority
Miscellaneous
Grants
American
Rescue Plan
Capital Outlay
Capital Projects
Fund
See Notes to Financial Statements.
32 CITY OF POMONA

STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022

Revenues:

Taxes
Special assessments
Licenses, permits and fees
Intergovernmental
Charges for services
Use of money and properties
Fines and forfeitures
Contributions from Successor Agency
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Development services
Neighborhood services and library
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Proceeds from sale of capital assets
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year

Other Total
Governmental Governmental
Funds Funds
-$ - $ 1,227,898$ 121,189,798 $ - - 1,254,821 1,254,821 - - 704,446 10, 366,843 291,002 - 23,147,463 59,693,269 - - 253,035 4,186,983 641 126,402 ( 194,885) 1,097,634 - - - 2,283,651 - - - 295,941 - - 54,131 3,968,665 291,643 126,402 26,446,909 204,337,605 - - 622,802 6,444,764 - - 744,122 93, 925,458 - - 11,600,923 55, 494,830 - - - 5,220,902 - - 159,254 15, 627,836 891,727 2,895,000 85,035 4,046,120 10,759,397 117,462 214 10,913,783 11,651,124 3,012,462 13,212,350 191, 673,693 (11,359,481) (2,886,060) 13,234,559 12, 663,912 12,961,567 2,250 303,320 27, 508,014 - - (9,986,973) (20, 792,067) - - - 3,294,565 12,961,567 2,250 (9,683,653) 10, 010,512 1,602,086 (2,883,810) 3,550,906 22,674,424 (69,113,379) 71,103,881 32,311,701 113, 704,964 (67,511,293)$ 68,220,071 $ 35,862,607 $ 136,379,388 $ Debt Service Funds
General
Government
Public
Financing
Authority
See Notes to Financial Statements.
33 CITY OF POMONA

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

TO THE STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2022
Net change in fund balances - total governmental funds 22,674,424$ Amounts reported for governmental activities in the statement of activities are different because:

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

Capital outlay 15,623,822$
Depreciation (9,248,499)
Amortization (54,460)
Loss on disposal of capital assets (3,215,353) 3,105,510 Repayment of bond principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the statement of net position.

Principal repayments 4,046,226
Accreted interest of pension obligation refunding bonds (1,937,319) Amortization of bond premium and deferred charges 345,844 Notes issued (1,539,211) 915,540
Accrued interest for long-term liabilities. This is the net change in accrued interest for the current period. 9,659
Compensated absences expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (795,091)
Other postemployment benefits expense adjustment, which is the net change in net other postemployment benefits liabilities and related deferred outflows and inflows of resources. (3,275,564)
Pension obligation expenses are expenditures in the governmental funds, but reduce the Net Pension Liability in the statement of net position. 13,610,399 Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the intergovernmental revenues in the governmental fund activity. (2,008,453)
Internal service funds are used by management to charge the costs of certain activities, such as equipment management and self-insurance, to individual funds.

The net revenues (expenses) of the internal service funds is reported with governmental activities. (9,508,499)
Change in net position of governmental activities 24,727,925$ See Notes to Financial Statements.
34 35235,(7$5<)81'),1$1&,$/67$7(0(176
35 CITY OF POMONA

STATEMENT OF NET POSITION

PROPRIETARY FUNDS
JUNE 30, 2022
Assets:

Current:

Cash and investments 48,024,752$ 12,457,703 $ 7,240,524 $ 265,983$ Receivables (net):

Accounts 7,418,478 1,312,514 2,454,931 128,442 Interest 155,679 46,637 19,192 - Prepaid items 9,000 - - 2,079 Deposits - - - - Inventories 627,330 - - - Restricted:

Cash and investments - 751,386 - - Cash with fiscal agent 5,868,879 1,674,571 - - Total Current Assets 62,104,118 16,242,811 9,714,647 396,504 Noncurrent:

Advances to other funds 7,457,542 - - - Net pension liability 9,091,375 878,910 1,957,785 - Other investments 9,000 - - - Capital assets - net of accumulated depreciation 127,162,070 30,666,061 543,051 29,586 Total Noncurrent Assets 143,719,987 31,544,971 2,500,836 29,586 Total Assets 205,824,105 47,787,782 12,215,483 426,090 Deferred Outflows of Resources:

Deferred charges on refunding - 398,915 - - Deferred outflows of resources related to pensions 534,469 51,670 115,095 - Deferred outflows of resources related to
other postemployment benefits 1,642,832 165,045 454,166 - Total Deferred Outflows of Resources 2,177,301 615,630 569,261 - Liabilities:

Current:

Accounts payable 2,839,401 37,550 401,335 10,834 Accrued liabilities 296,856 1,685 - 800 Accrued interest 523,063 69,823 - - Unearned revenues - 9,051 251,903 - Deposits payable 4,367,028 - - - Due to other funds - - - - Payroll payable 221,248 23,097 53,365 - Advances from other funds - - - - Compensated absences, due within one year 934,860 63,477 162,737 - Claims and judgements, due within one year - - - - Long-term debt, due in one year 2,488,851 652,837 139,873 - Total Current Liabilities 11,671,307 857,520 1,009,213 11,634 Noncurrent:

Compensated absences, due in more than one year 480,066 32,597 83,569 - Claims and judgements, due in more than one year - - - - Long-term debt, due in more than one year 93,975,852 24,402,703 4,096,767 - Total other postemployment benefit liability 14,911,217 1,498,032 4,122,254 - Total Noncurrent Liabilities 109,367,135 25,933,332 8,302,590 - Total Liabilities 121,038,442 26,790,852 9,311,803 11,634 Deferred Inflows of Resources:

Deferred charges on refunding 2,813,730 - - - Deferred inflows of resources related to pensions 6,932,471 670,198 1,492,875 - Deferred inflows of resources related to
other postemployment benefits 548,147 55,069 151,537 - Total Deferred Inflows of Resources 10,294,348 725,267 1,644,412 - Net Position:

Net investment in capital assets 48,925,601 9,375,380 543,050 29,586 Unrestricted 27,743,015 11,511,913 1,285,479 384,870 Total Net Position 76,668,616$ 20,887,293 $ 1,828,529 $ 414,456$ Refuse
Canon Water
Company -
February 28, 2022
Business-Type Activities - Enterprise Funds
Water Sewer
See Notes to Financial Statements.
36 CITY OF POMONA

STATEMENT OF NET POSITION

PROPRIETARY FUNDS
JUNE 30, 2022
Assets:

Current:

Cash and investments
Receivables (net):

Accounts
Interest
Prepaid items
Deposits
Inventories
Restricted:

Cash and investments
Cash with fiscal agent
Total Current Assets
Noncurrent:

Advances to other funds
Net pension liability
Other investments
Capital assets - net of accumulated depreciation
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources:

Deferred charges on refunding
Deferred outflows of resources related to pensions
Deferred outflows of resources related to
other postemployment benefits
Total Deferred Outflows of Resources
Liabilities:

Current:

Accounts payable
Accrued liabilities
Accrued interest
Unearned revenues
Deposits payable
Due to other funds
Payroll payable
Advances from other funds
Compensated absences, due within one year
Claims and judgements, due within one year
Long-term debt, due in one year
Total Current Liabilities
Noncurrent:

Compensated absences, due in more than one year
Claims and judgements, due in more than one year
Long-term debt, due in more than one year
Total other postemployment benefit liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources:

Deferred charges on refunding
Deferred inflows of resources related to pensions
Deferred inflows of resources related to
other postemployment benefits
Total Deferred Inflows of Resources
Net Position:

Net investment in capital assets
Unrestricted
Total Net Position

Governmental
Activities-
Internal
Totals Service Funds
971,007$ 68,959,969 $ 12,051,706 $ 9,604,050 20,918,415 -
3,772 225,280 69,372 62,675 73,754 - 147,000 147,000 -
- 627,330 479,615 1,870,952 2,622,338 -
- 7,543,450 - 12,659,456 101,117,536 12,600,693 - 7,457,542 - - 11,928,070 3,157,567 - 9,000 - - 158,400,768 249,713 - 177,795,380 3,407,280 12,659,456 278,912,916 16,007,973 - 398,915 - - 701,234 185,629 - 2,262,043 518,664 - 3,362,192 704,293 5,622,730 8,911,850 560,623 - 299,341 - - 592,886 - - 260,954 - - 4,367,028 - - - 454,062 - 297,710 67,395 7,457,542 7,457,542 -
- 1,161,074 208,129 - - 14,592,000 - 3,281,561 185,913 13,080,272 26,629,946 16,068,122 - 596,232 - - - 24,670,949 - 122,475,322 5,438,311 - 20,531,503 4,707,675 - 143,603,057 34,816,935 13,080,272 170,233,003 50,885,057 - 2,813,730 - - 9,095,544 2,407,749 - 754,753 173,057 - 12,664,027 2,580,806 - 58,873,617 249,713 (420,816) 40,504,461 (37,003,310) (420,816)$ 99,378,078$ (36,753,597)$ Reconciliation of Net Position to the Statement of Net Position Net Position per Statement of Net Position - Proprietary Funds 99,378,078 $ Prior years' accumulated adjustment to reflect the consolidation of internal service funds activities related to the enterprise funds 558,950 Current years' adjustments to reflect the consolidation of internal service activities related to enterprise funds 1,799,441 Net Position per Statement of Net Position 101,736,469$ Pomona Choice
Energy Authority
Business-Type Activities - Enterprise
Funds
See Notes to Financial Statements.
37 CITY OF POMONA

STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN FUND NET POSITION

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Operating Revenues:

Charges for services 41,466,399$ 7,220,461$ 11,552,713$ -$ Miscellaneous - 900 65,207 - Total Operating Revenues 41,466,399 7,221,361 11,617,920 - Operating Expenses:

Personnel services 8,973,719 688,020 1,435,384 - Operations 17,576,071 1,099,094 8,485,901 9,486 Claims expense 3,360 10,040 4,296 - Depreciation expense 3,525,708 677,171 518,359 5,848 Insurance 1,297,018 98,549 124,327 - Total Operating Expenses 31,375,876 2,572,874 10,568,267 15,334 Operating Income (Loss) 10,090,523 4,648,487 1,049,653 (15,334) Nonoperating Revenues (Expenses):

Intergovernmental 725,769 118,007 29,768 - Investment income (791,197) (211,018) (92,352) 5 Interest expense (2,966,072) (894,020) 1,544 - Gain on disposal of non-capital assets 115 - - - Gain (loss) on disposal of capital assets 18,490 - - - Total Nonoperating
Revenues (Expenses) (3,012,895) (987,031) (61,040) 5 Income (Loss) Before Transfers 7,077,628 3,661,456 988,613 (15,329) Transfers in 3,535,805 27,200 99,500 - Transfers out (705,044) (2,237,113) (370,889) - Changes in Net Position 9,908,389 1,451,543 717,224 (15,329) Net Position:

Beginning of Year 66,760,227 19,435,750 1,111,305 429,785 End of Fiscal Year 76,668,616$ 20,887,293 $ 1,828,529 $ 414,456$ Business-Type Activities - Enterprise Funds
Water Sewer Refuse
Canon Water
Company - February
28, 2022
See Notes to Financial Statements.
38 CITY OF POMONA

STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN FUND NET POSITION

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Operating Revenues:

Charges for services
Miscellaneous
Total Operating Revenues
Operating Expenses:

Personnel services
Operations
Claims expense
Depreciation expense
Insurance
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses):

Intergovernmental
Investment income
Interest expense
Gain on disposal of non-capital assets
Gain (loss) on disposal of capital assets
Total Nonoperating
Revenues (Expenses)
Income (Loss) Before Transfers
Transfers in
Transfers out
Changes in Net Position
Net Position:

Beginning of Year
End of Fiscal Year

Totals
34,839,553$ 95,079,126 $ 56,468,315 $ - 66,107 1,080,238 34,839,553 95,145,233 57,548,553 27 11,097,150 40,253,587 35,778,309 62,948,861 3,441,231 - 17,696 14,402,840 - 4,727,086 40,031 - 1,519,894 - 35,778,336 80,310,687 58,137,689 (938,783) 14,834,546 (589,136) - 873,544 - 11,452 (1,083,110) (60,565) (27,197) (3,885,745) 2,049 - 115 - - 18,490 4,000 (15,745) (4,076,706) (54,516) (954,528) 10,757,840 (643,652) - 3,662,505 584,161 - (3,313,046) (7,649,567) (954,528) 11,107,299 (7,709,058) 533,712 88,270,779 (29,044,539) (420,816)$ 99,378,078 $ (36,753,597)$ Reconciliation of Changes in Net Position to the Statement of Activities:

Changes in Net Position, per the Statement of Revenues, Expenses and Changes in Fund Net Position - Proprietary Funds 11,107,299$ Adjustment to reflect the consolidation of current fiscal year internal service funds activities related to enterprise funds 1,799,441 Changes in Net Position of Business-Type Activities per Statement of Ac 12,906,740$ Business-Type Activities - Enterprise Funds
Pomona Choice
Energy Authority
Governmental
Activities -
Internal Service
Funds
See Notes to Financial Statements.
39 CITY OF POMONA

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Cash received from customers and users 40,841,376$ 7,141,656 $ 11,535,051 $ -$ Cash paid to suppliers for goods and services (18,392,208) (1,177,225) (8,681,375) (7,186) Cash paid for general and administrative expenses (10,770,678) (937,649) (2,156,637) - Net Cash Provided (Used) by Operating Activities 11,678,490 5,026,782 697,039 (7,186) Cash Flows from Non-Capital
Financing Activities:

Cash transfers in 3,535,805 27,200 99,500 - Cash transfers out (705,044) (2,237,113) (370,889) - Repayment made to other funds - - - - Advance from other funds - - - - Advance to other funds (6,721,706) - - - Grant subsidy 725,769 118,007 29,768 - Net Cash Provided (Used) by
Non-Capital Financing Activities (3,165,176) (2,091,906) (241,621) - Cash Flows from Capital
and Related Financing Activities:

Acquisition and construction of capital assets (7,147,205) (57,070) (14,964) - Principal paid on capital debt (1,925,000) (590,000) - - Interest paid on capital debt (3,204,176) (823,946) (33,319) - Proceeds from sales of non-capital assets 115 - - - Proceeds from sales of capital assets 18,490 - - - Net Cash Provided (Used) by
Capital and Related Financing Activities (12,257,776) (1,471,016) (48,283) - Cash Flows from Investing Activities:

Interest received (loss) (839,706) (233,506) (99,131) 5 Net Cash Provided (Used) by
Investing Activities (839,706) (233,506) (99,131) 5 Net Increase (Decrease) in Cash
and Cash Equivalents (4,584,168) 1,230,354 308,004 (7,181) Cash and Cash Equivalents at Beginning of Year 58,477,799 13,653,306 6,932,521 273,164 Cash and Cash Equivalents at End of Year 53,893,631$ 14,883,660$ 7,240,525$ 265,983$ Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:

Operating income (loss) 10,090,523$ 4,648,487$ 1,049,653$ (15,334)$ Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:

Depreciation 3,525,708 677,171 518,359 5,848 (Increase) decrease in accounts receivable (625,023) (88,756) (334,772) - (Increase) decrease in prepaid expense - - - - (Increase) decrease in inventories (148,692) - - - (Increase) decrease in deferred outflows
of resources related to pensions 16,679,182 1,678,302 4,059,215 - (Increase) decrease in deferred outflows
of resources related to other postemployment benefits 432,520 57,434 174,838 - Increase (decrease) in accounts payable 168,304 28,773 (66,851) 1,500 Increase (decrease) in accrued liabilities 296,856 1,685 - 800 Increase (decrease) in payroll payable (51,628) (2,053) (8,406) - Increase (decrease) in unearned revenue - 9,051 251,903 - Increase (decrease) in deposits payable 167,773 - - - Increase (decrease) in claims and judgments - - - - Increase (decrease) in compensated absences 58,443 16,761 21,856 - Increase (decrease) in net other postemployment benefit liability (802,423) (186,479) (640,287) - Increase (decrease) in net pension liability (25,209,618) (2,498,793) (5,866,459) - Increase (decrease) in deferred outflows
of resources related to pensions 6,767,769 653,645 1,452,935 - Increase (decrease) in deferred outflows
of resources related to other postemployment benefits 328,796 31,554 85,055 - Total Adjustments 1,587,967 378,295 (352,614) 8,148 Net Cash Provided (Used) by
Operating Activities 11,678,490$ 5,026,782$ 697,039$ (7,186)$ Non-Cash Investing, Capital, and Financing Activities:

Amortization of bond premium/(discount) (116,735)$ 3,848$ (1,545)$ -$ Amortization of deferred charges on refunding (113,305)$ 67,359$ -$ -$ Business-Type Activities - Enterprise Funds
Water Sewer Refuse
Canon Water
Company -
February 28, 2022
See Notes to Financial Statements.
40 CITY OF POMONA

STATEMENT OF CASH FLOWS

PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Cash received from customers and users
Cash paid to suppliers for goods and services
Cash paid for general and administrative expenses
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non-Capital
Financing Activities:

Cash transfers in
Cash transfers out
Repayment made to other funds
Advance from other funds
Advance to other funds
Grant subsidy
Net Cash Provided (Used) by
Non-Capital Financing Activities
Cash Flows from Capital
and Related Financing Activities:

Acquisition and construction of capital assets
Principal paid on capital debt
Interest paid on capital debt
Proceeds from sales of non-capital assets
Proceeds from sales of capital assets
Net Cash Provided (Used) by
Capital and Related Financing Activities
Cash Flows from Investing Activities:

Interest received (loss)
Net Cash Provided (Used) by
Investing Activities
Net Increase (Decrease) in Cash
and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:

Operating income (loss)
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:

Depreciation
(Increase) decrease in accounts receivable
(Increase) decrease in prepaid expense
(Increase) decrease in inventories
(Increase) decrease in deferred outflows
of resources related to pensions
(Increase) decrease in deferred outflows
of resources related to other postemployment benefits
Increase (decrease) in accounts payable
Increase (decrease) in accrued liabilities
Increase (decrease) in payroll payable
Increase (decrease) in unearned revenue
Increase (decrease) in deposits payable
Increase (decrease) in claims and judgments
Increase (decrease) in compensated absences
Increase (decrease) in net other postemployment benefit liability Increase (decrease) in net pension liability
Increase (decrease) in deferred outflows
of resources related to pensions
Increase (decrease) in deferred outflows
of resources related to other postemployment benefits
Total Adjustments
Net Cash Provided (Used) by
Operating Activities
Non-Cash Investing, Capital, and Financing Activities:

Amortization of bond premium/(discount)
Amortization of deferred charges on refunding

Governmental
Activities-
Internal
Totals Service Funds
28,835,377$ 88,353,460 $ 57,555,281$ (33,004,123) (61,262,117) (9,617,799) (27) (13,864,991) (40,954,016) (4,168,773) 13,226,352 6,983,466 - 3,662,505 584,161 - (3,313,046) (7,649,567) (183,484) (183,484) 398,478 6,721,706 6,721,706 -
- (6,721,706) - - 873,544 - 6,538,222 1,039,519 (6,666,928) - (7,219,239) (66,911) - (2,515,000) - (27,197) (4,088,638) - - 115 - - 18,490 4,000 (27,197) (13,804,272) (62,911) 7,680 (1,164,658) (83,644) 7,680 (1,164,658) (83,644) 2,349,932 (703,059) 169,983 492,027 79,828,817 11,881,723 2,841,959$ 79,125,758 $ 12,051,706 $ (938,783)$ 14,834,546 $ (589,136) $ - 4,727,086 40,031 (6,004,176) (7,052,727) 6,728 (62,675) (62,675) 1,438 - (148,692) (106,323) - 22,416,699 5,959,644 - 664,792 146,106 2,836,861 2,968,587 174,376 - 299,341 - - (62,087) (20,473) - 260,954 - - 167,773 - - - 8,156,781 - 97,060 (6) - (1,629,189) (325,664) - (33,574,870) (8,911,780) - 8,874,349 2,348,950 - 445,405 102,794 (3,229,990) (1,608,194) 7,572,602 (4,168,773)$ 13,226,352 $ 6,983,466 $ -$ (114,432)$ - $ -$ (45,946)$ - $ Business-Type Activities - Enterprise Funds
Pomona Choice
Energy Authority
See Notes to Financial Statements.
41 7+,63$*(,17(17,21$//</()7%/$1.
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43 CITY OF POMONA

STATEMENT OF FIDUCIARY NET POSITION

FIDUCIARY FUNDS
JUNE 30, 2022
Assessment
Districts
Assets:

Cash and investments 63,143$ 9, 959,163$
Receivables:

Notes and loans - 1, 660,600
Accrued interest - 16,126
Deposits 284 600
Due from other governments 64,655 -
Land held for resale - 788,130
Restricted assets:

Cash and investments - 110,615
Cash and investments with fiscal agents - 20,134,320 Capital assets:

Capital assets, not being depreciated - 125,423 Capital assets, net of accumulated depreciation - 40,401 Total Assets 128,082 32,835,378
Deferred Outflows of Resources:

Deferred charge on refunding - 454,924 Total Deferred Outflows of Resources - 454,924 Liabilities:

Accounts payable 128,124 7,142
Payroll payable - 7,696
Accrued interest - 1, 712,886
Deposits payable - 169,040
Noncurrent liabilities:

Due within one year
Long-term debt - 7, 900,000
Compensated absences - 92,000
Due in more than one year
Long-term debt - 159,053,205
Compensated absences - 782
Total Liabilities 128,124 168,942,751
Net Position:

Restricted for organizations and other governments (42) (135, 652,449) Total Net Position (42)$ (135, 652,449)$ Custodial Fund
Private-
Purpose Trust
Fund
Successor
Agency of the
Former RDA
See Notes to Financial Statements.
44 CITY OF POMONA

STATEMENT OF CHANGES IN FIDUCIARY NET POSITION

FIDUCIARY FUNDS
YEAR ENDED JUNE 30, 2022
Assessment
Districts
Additions:

Collection of special taxes 836,841$ 12,545,857 $ Interest (326) 111,750
Contributions from City - 10,782 Gain on loan forgiveness - (5,952) Total Additions 836,515 12,662,437
Deductions:

Refunds of contributions 836,841 -
Administrative expenses - 352,949 Contractual services - 386,765
Interest expense - 4, 036,859
Depreciation expense - 1,263
Payments to city - 299,972
Total Deductions 836,841 5, 077,808
Changes in Net Position (326) 7, 584,629 Net Position:

Beginning of fiscal year 284 (143, 237,078) Net Position - End of the Year (42)$ (135, 652,449)$ Private-
Purpose Trust
Fund
Successor
Agency of the
Former RDA
Custodial Fund
See Notes to Financial Statements.
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50 CITY OF POMONA

INDEX TO THE NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED JUNE 30, 2022

Note 15: Other Post – Employment ............................................................................................... 114

a. General Information About Public Employee’s Medical and Hospital Care Program (“PEMHCA”) Plan (“OPEB”) ................................................... 115 b. Total OPEB Liability ....................................... .............................................................. 116 c. Change in the Total OPEB Liability .............................................................................. 117 d. OPEB Expense and Deferred Outfl ows of Resources Related to OPEB .................... 118

Note 16: Joint Powers Agreements ............................................................................................... 119

a. Alameda Corridor – Eas t Construction Authority ......................................................... 119 b. California State Association of Countries Excess Insurance Authority ........................ 119 c. Foothill Air Support Team ............................................................................................ 119 d. Foothill Transit .............................................................................................................. 120 e. Gold Line Phase II Con struction Authority ................................................................... 120 f. Interagency Communications Interoperability System ................................................. 121 g. Los Angeles County Di saster Management Area D .................................................... 121 h. Los Angeles Interagency Metropolitan Police Apprehensive Crime Task Force ......... 121 i. Pomona Valley Transpo rtation Authority ..................................................................... 121 j. Pomona – Walnut – Rowland Jo int Water Line Commission ...................................... 122 k. San Gabriel Valley Council of Governments .................. ............................................. 123 l. Tri – City Ment al Health Center .................................................................................... 123

Note 17: Risk Management ............................................................................................................. 124

Note 18: Commitments and Contingencies .................................................................................. 125

a. Agency Participation Agreement .................................................................................. 125 b. Contractual Commitments .................................... ....................................................... 125 c. Lawsuits ................................................... .................................................................... 126

Note 19: Successor Agency Trust for Assets of Former Redevelopment Agency ................... 126

a. Cash and Investments ....................................... .......................................................... 127 b. Loans Receiv able (Net) ............................................................................................... 127 c. Land Held for Resale ................................................................................................... 128
d. Capital Assets ............................................. ................................................................. 128 e. Long – Term L iabilities ................................................................................................. 129 f. Compensated Absences .............................................................................................. 132 g. Insurance .................................................. ................................................................... 132 h. Agreement for Allocation o f Tax Increment Revenues ................................................ 132

Note 20: Subsequent Event ............................................................................................................ 132 51 7+,63$*(,17(17,21$//</()7%/$1.
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85 CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 11: Long-Term Liabilities

The following is a summary of changes of long-term liabilities for the year ended June 30, 2022:

Balance
July 1, 2021 Additions Deletions
Balance
June 30, 2022
Due Within
One Year
Due in more than
One Year
51,786$ -$ (51,786)$ -$ -$ -$ 1,220,449 - (174,352) 1,046,097 174,350 871,747 Collateralized borrowing 3,022,746 - (57,437) 2,965,309 59,712 2,905,597 450,888 1,539,211 (85,148) 1,904,951 283,135 1,621,816 72,128,082 - (3,600,369) 68,527,713 2,220,000 66,307,713 204,139,568 - (372,903) 203,766,665 7,187,766 196,578,899 4,179,108 1,937,319 - 6,116,427 - 6,116,427 285,192,627$ 3,476,530$ (4,341,995)$ 284,327,162$ 9,924,963$ 274,402,199$ Total governmental activities Governmental Activities:

Notes Payable
Revenue Bonds
Accreted interest
Pension obligation refunding bonds
Pollution remediation obligations
Financed purchases

Balance
July 1, 2021 Additions Deletions
Balance
June 30, 2022
Due Within
One Year
Due in more
than One Year
107,277,527$ -$ (2,621, 742)$ 104,655,785$ 2,565,000$ 102,090,785$ 21,108,787 - (7,689) 21,101,098 716,561 20,384,537 128,386,314$ -$ (2,629, 431)$ 125,756,883$ 3,281,561$ 122,475,322$ Business-Type Activities:

Revenue Bonds
Total business-type activities
Pension Obligation bonds

Pollution Remediation Obligations

The City acquired properties which were determined to have soil and groundwater contamination. The City is respon sible for the investigation, characterization and remediation of the soil and groundwater from the contamination. The City’s remediation costs were initially estimated at $1,781,262. During the current fiscal year, the City had no clean-up cost. The remaining outstanding cost to complete the clean-up is estimated at $0 at June 30, 2022.

Financed Purchases

At June 30, 2022, obligations under the lease consisted of the following:

Balance
July 1, 2021 Additions Deletions
Balance
June 30, 2022
Due Within
One Year
1,220,449$ - $ (174,352)$ 1,046,097 $ 174,350 $ BBVA

The City has entered into numerous equipment lease-purchase agreements with a leasing company whereby the lessor acquired certain equipment and lease d it to the City with an option to purchase. The related assets have been capitalized as capital assets.

The total leased assets by major asset class consisted of the following at June 30, 2022:

Equipment under capitalized leases, at cost 7,621,070$
Accumulated depreciation (5,551,893)
Equipment under capitalized leases, net 2,069,177$

The depreciation expense for equipment under capitalized leases was $732,719 for the year ended June 30, 2022.
86 CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 11: Long-Term Lia bilities (Continued)

The rates of interest on the lease purchase agreements range fr om 2.19% to 3.30% per annum. Future minimum lease payments under the lease at June 30, 2022 is as follows:

Year Ending June 30,
2023 205,628$
2024 200,189
2025 194,749
2026 189,309
2027 183,869
2028 181,430
Subtotal 1,155,174
Less amount representing interest (109,077)
Present value of future minimum lease payments 1,046,097$

Collateralized Borrowing

During 2019, the City entered into a 31-year lease agreement wi th Crown Castle on five cell tower sites and received a one-time payment of $3,131,140 in exchange for future rent revenues totaling $5,394,000. The rate of this agreement is 3.89% per annum.

The annual debt service requirement for the collateralized borr owing at June 30, 2022, is as follows:

Year Ending June 30, Principal Interest Total
2023 59,712 $ 114,288$ 174,000$
2024 62,076 111,924 174,000
2025 64,534 109,466 174,000
2026 67,090 106,910 174,000
2027 69,747 104,253 174,000
2028-2032 392,415 477,585 870,000
2033-2037 476,514 393,486 870,000
2038-2042 578,636 291,364 870,000
2042-2047 702,644 167,356 870,000
2048-2050 491,941 30,058 521,999
Total 2,965,309$ 1,906,690$ 4,871,999$

Notes Payable

At June 30, 2022, notes payable consisted of the following:

Balance
July 1, 2021 Additions Deletions
Balance
June 30, 2022
Due Within
One Year
60,000$ - $ (20,000)$ 40,000 $ 20,000 $ - 1,539,211 - 1,539,211 197,987 390,888 - (65,148) 325,740 65,148 450,888$ 1,539,211$ (85,148)$ 1,904,951$ 283,135$ HUD Section 108 Loan
SoCalREN Revolving Loan Fund
Southern California Edison
On Bill Financing
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NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 11: Long-Term Lia bilities (Continued)

The annual debt service requirement for 2020 Taxable Pension Ob ligations Bonds, Series BJ outstanding at June 30, 2022, is as follows:

Year Ending June 30, Principal Interest Total
2023 7,590,000$ 7,497,768$ 15,087,768$
2024 7,900,000 7,187,968 15,087,968
2025 8,220,000 6,865,567 15,085,567
2026 8,555,000 6,530,068 15,085,068
2027 8,840,000 6,249,617 15,089,617
2028-2032 48,080,000 27,363,848 75,443,848
2033-2037 56,395,000 19,044,665 75,439,665
2038-2042 55,455,000 8,439,896 63,894,896
2043-2047 18,855,000 912,883 19,767,883
Total 219,890,000$ 90,092,280$ 309,982,280$

Pledged Revenue

The City has pledged certain revenue to the repayment of its Water and Sewer Enterprise Fund bonds through final maturity on May 1, 2047, or earlier. These bonds were issued to refinance Series AF, AY, AZ and BA. All net available revenues are irrevocably pledged by the City to the repayment of t he bond’s debt services. During the year ended June 30, 2022, the Water and Sewer Enterprise Funds have net av ailable revenues of $27,258,135 and total debt service paid was $8,771,178. The sew er and Water Revenue Bonds require net revenue of 100% and 120% of debt service, res pectively. Annual principal and interest payments on the bonds are expected to require roughly 45% of future net revenue. The total principal and interest remaining to be paid at June 30, 2022, on the Bonds is as follows:

Remaining
Balance
12,509,478$
2,682,147
57,836,200
70,281,665
20,970,320
Total 164,279,810$
2021-2022
27,258,135$
Revenue
Net available revenues, excluding debt service
Debt Issue
2016 Revenue Refunding Bonds, Series BB
2016 Taxable Revenue Refunding Bonds, Series BD
2017 Refunding Revenue Bonds, Series BE
2017 Taxable Refunding Revenue Bonds, Series BF
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118

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 15: Other Post-Employment Benefits (OPEB) (Continued)

The $2,061,598 reported as deferred outflows of resources related to OPEB resulting from the City’s contributions subsequent to the measurement date dur ing the year ended June 30, 2022 will be recognized as a reduction of the net OPEB liability in the year ending June 30, 2023. Other amounts reported as deferred outflows of resources related to OPEB will be recognized in future OPEB expense as follows:

Year Ending
June 30,
Deferred Outflows
of Resources
2023 2,319,115
2024 2,319,115
2025 1,473,781
2026 102,110
2027 (436,629)
Thereafter (43,660)
Total 5,733,832$

Note 16: Joint Powers Agreements

a. Alameda Corridor-East Construction Authority

The City approved and adopted a Joint Exercise of Powers Agreement in November 2012.

The Alameda Corridor East Construction Authority (ACE) is a single purpose construction authority created by the San Gabriel Council of Governments in 1998 to mitigate the impacts of significant increases in rail traffic over 70 miles of mainline railroad in the San Gabriel Valley. The ACE Project consists of multiple construction projects to improve safety at various rail crossings as well as at various grade se parations in the San Gabriel Valley. There were no payments made during the year ended June 30, 2022.

b. California State Association of Countries Excess Insurance Authority

The City became a member of California State Association of Countries Excess Insurance Authority (the “CSAC-EIA”) in July 2008. The CSAC-EIA is a risk sharing pool of California public agencies dedicated to controlling losses and providing effective risk management solutions. Membership is currently comprised of various member counties and various public entity organizations. The governing board consists of one representative from each member county and seven members elected by the public entity me mbership. Also see Note 16.

c. Foothill Air Support Team

The City joined Foothill Air Support Team (“FAST”) in January 2011. FAST was developed in 1999 creating a joint helicopter patrol operation that could enhance member agencies ability to deter criminal activity and apprehend offenders. The governing board consists of one representative from each of the seven member agencies. Ther e were no payments made during the year ended June 30, 2022.

119

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 16: Joint Powers Agreements (Continued)

d. Foothill Transit

The City is a member of the Foothill Transit Joint Power Agreement. The JPA is comprised of 20 cities and the County of Los Angeles. The purpose of the authority is to provide a more efficient and cost-effective local transportation service for the area. Each member city has one representative, and three members are appointed by the Board of Supervisors.

There were no payments made during the year ended June 30, 2022.

Below are the most currently available condensed audited financial statements of the JPA as of June 30, 2021. Separate financial statements of Foothill Transit are available from its offices located in West Covina, California.

Assets 377,243,275$
Liabilities 96,254,439
Net Position 280,988,836$
Revenues 4,585,570$
Expenses 136,286,087
Operating Income (131,700,517)
Non-Operating Revenue (expenses) 100,196,493
Net Income (31,504,024)
Capital Contributions 47,354,596
Net Position - July 1, 2020 265,138,264
Net Position - June 30, 2021 280,988,836$

e. Gold Line Phase II C onstruction Authority

The City participates in the Gold Line Phase II Construction Au thority (“GLCA”) joint venture, which became effectiv e September 3, 2003. The GLCA ove rsees the planning, funding, designing and construction contracts for the completion of the Los Angeles-Pasadena Metro Blue Line light rail project. The GL CA’s governing Board is comprised of an appointed represent ative from each of the affec ted cities and agencies, including the cities of Azusa, Claremont, Duarte, Glendora, Arc adia, La Verne, Ontario, Montclair, Irwindale, Pomona, San Dimas, Monrovia, Pasadena, and South Pasadena, and the San Bernardino County Transportation Authority. Los Angeles County Metropolitan Transportation Agency (“LACMTA”) will have the responsibility to operate and maintain the rail after its completion. Member agencies will be paid for attending meetings, not to exceed $1,800 per year, per member agency, plus direct expenses. Membe r agencies are not allowed to withdraw from the GLCA, and each member agency is required to pay $31,445 in initial dues (first payments were due October 1, 2003) and each member will be held liable for its share of operating costs.

The City had no payments for the joint venture during the year ended June 30, 2022. Assets are divided based on the proportionate equity share at the time the joint venture dissolves, which is currently not significant to the City.

120

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 16: Joint Powers Agreements (Continued)

f. Interagency Comm unication Interoperability System

The City participates in the Interagency Communications Interop erability System (“ICIS”) joint powers authority which became effective September 2003. T he intent of ICIS is to provide public safety agencies with a formalized governance structure through which the participants may share resources to construct and manage a syst em for wide-area communications interoperability. The governing board is comprised of one member from each of the seven member agencies. The City paid $50,000 in ann ual dues for the fiscal year ending June 30, 2022.

g. Los Angeles County Disaster Management Area D

The City has participated in the Disaster Management Area D joi nt powers agreement (Area D JPA) since 1958. The Area D JPA is intended to promote the coordination of disaster management, training, and preparedness of the Area D m ember cities under the direction of the Disaster Management Area Board, the governing board includes on representative from each of the 23 member cities. Annual dues at the rate of $0.05 per capita are paid and totaled $7,765 for the fiscal year ending June 30, 2022.

h. Los Angeles Interagency Metropolitan Police Apprehensive Cri me Task Force

The City joined the Los Angeles Interagency Metropolitan Police Apprehensive Crime Task Force (“LA Impact”) in March 2011. It is a compilation of numerous federal, state, and local law enforcement agencies in Los Angeles County, whose primary purpose is to investigate major crimes, with an emphasis on dismantling mid-to-major level drug trafficking organizations. Since its inception, LA Impact has grown to 80 o fficers from 35 different Los Angeles County law enforcement agencies. The City is solely responsible for the salary and benefits of one (1) Police Sergeant position, currently assigned to this program, which is fully funded within the Police Department’s General Fund bud get. There were no payments made during the year ended June 30, 2022.

i. Pomona Valley Transportation Authority

The City is a member of the Pomona Valley Transportation Author ity (the “PVTA”). The PVTA is comprised of four cities and is organized under a Joint Power Agreement pursuant to the California Government Code. The purpose of the PVTA is t o study, implement and provide for public transportation that will best serve transit- dependent persons, including handicapped and senior adults residing in the Pomona Valley.

Each member City has two representatives on the Board of Directors. Officers of the PVTA are elected annually by the Board of Directors.

The City does not have an equity interest in the PVTA. However, the City does have an ongoing financial interest. Because the City also has an ongoing financial responsibility for continued funding of the PVTA, the City is able to influence op erations. As a result, the PVTA uses its resources on behalf of the City.

121

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 16: Joint Powers Agreements (Continued)

The following are the most currently available condensed audite d financial statements of the PVTA as of June 30, 2022. Separate financial statements of the PVTA are available from its offices located in La Verne, California.

Assets 5,067,797$
Deferred outflows 122,294
Total assets 5,190,091$
Liabilities 1,083,572$
Deferred inflows 263,070
Net position 3,843,449
Total liabilities and fund equity 5,190,091$
Operating revenues 124,191$
Operating expenses 4,088,086
Operating (Income) (3,963,895)
Non-Operating Revenue 3,716,917
Net Income (246,978)
Net Position - July 1, 2021 4,090,427
Net Position - June 30, 2022 3,843,449$

j. Pomona-Walnut-Rowland Joint Water Line Commission

The City participates in the Pomona-Walnut-Rowland Joint Water Line Commission (the “Commission”) joint venture, which provides for the acquis ition, construction, maintenance, repair, and operation of a water transmission pipe line for the benefit of the member agencies. The Pomona-Walnut-Rowland Joint Water Line Commission’s governing board is comprised of an appointed representative fro m each of the three member agencies – the City, Walnut Valley Water District, and Rowland Water District.

The cost of providing water to the member agencies is financed through user charges. The Commission purchases water for resale to the member agencies at a price sufficient to provide reserve funds for emergencies. In addition, the member agencies are billed for the costs of maintenance and operation of the pipeline. The City paid the joint venture $5,114,699 during the year ended June 30, 2022. Assets are divi ded based on the proportionate equity share at the time the joint venture dissol ves. The City’s share in the equity of the Commission at June 30, 2022, was $624,786.

As of June 30, 2022, the three participants had the following approximate ownership equity interest.

Percentages
Agreement
Balances
City of Pomona 20% 624,786$
Walnut Valley Water District 35% 1,093,375
Rowland Water District 23% 718,504
Unallocated 22% 687,265
Total 100% 3,123,930$
Member
122

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 16: Joint Powers Agreements (Continued)

The Commission’s condensed financial statements for the fiscal year ended June 30, 2022 is as follows:

Total Assets 6,515,509$
Total Liabilities 3,391,579
Net Position 3,123,930$

The Commission does not recognize income or loss. Net operating expenditures in excess of users’ assessments are treated as accounts receivable on the Commission’s books and charged to each user’s account in the following year. Conversel y, user’s assessments in excess of net operating expenditures are treated as a liability and credited against each user’s account, also in the following year. Under the basis, op erating expenses for the Commission totaled $18,362,831 compared to total operating revenues of $18,368,856 for the year ended June 30, 2021. Complete financial statements can be obtained from the Pomona-Walnut-Rowland Joint Water Line Commission, P.O. Box 8460, Rowland Heights, CA 91748.

k. San Gabriel Valley Council of Governments

The City is a member of the San Gabriel Valley Council of Gover nments (the “Council”) which became effective March 1994. The Council provides member agencies a vehicle to voluntarily engage in regional and cooperative planning and coo rdination of government services and responsibilities to assist member agencies in the conduct of their affairs. The goal and intent of the Council is one of voluntary cooperation among members for the collective benefit of cities and unincorporated areas in the Sa n Gabriel Valley. The governing board is comprised of one member from each of 31 memb er cities and the San Gabriel Valley Water Districts, except the County of Los Angeles. The County has three members who represent the unincorporated communities of S upervisor Districts 1, 4, and 5. All member agencies pay dues. The City paid $30,493 in annual dues for the fiscal year ending June 30, 2022.

l. Tri-City Mental Health Center

The City is a member of the Tri City Mental Health Center (the “Center”). The Center is a jointly governed organization comprised of three cities and is organized under a Joint Powers Agreement pursuant to the California Government Code. The purpose of the Center is to develop mental health services and facilities to s erve persons residing in the three member cities. The City’s contribution to the Center was $43,675 for the year ended June 30, 2022.

The Board of Directors is comprised of seven members, two counc ilmembers from Pomona, one councilmember each from the cities of Claremont and La Verne, and one non-elected member from each of the three cities.

123

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 16: Joint Powers Agreements (Continued)

Below are the most currently available condensed audited financ ial statements of the Center as of June 30, 2022. Separate financial statements of the Center are available from its offices located in Pomona, California.

Assets 57,742,688$
Deferred outflows of resources 2,857,667
Liabilities 27,139,522
Deferred inflows of resources 2,010,157
Net position 31,450,676$
Revenues 8,175,654$
Expenses 23,348,242
Operating Income (15,172,588)
Non-Operating Revenue (expenses) 16,967,147
Net Income 1,794,559
Net Position - July 1, 2021 29,656,117
Net Position - June 30, 2022 31,450,676$

Note 17: Risk Management

The Self-Insurance Internal Service Fund is part of the City’s self-insurance program for general liability, workers’ compensation, and unemployment insurance. T he City is a member of the California State Association of Counties Excess Insurance Autho rity (CSAC-EIA). Through CSAC-EIA, the City has a program limit of $25 million dollars w ith a self-insured retention of $1 million for its excess liability program and its worker’s compensation program. Additionally, the City purchases catastrophic excess liability coverage that provides an additional $25 million in coverage.

CSAC-EIA is a governmental joint powers authority created by certain California counties and cities to provide a pooled approach to the members’ liability and excess workers’ compensation coverage as allowed under the California Government Code. The a uthority manages various types of pooled coverage programs for participating members.

As of June 30, 2022, estimated claims payable amounted to $39,262,949.

The estimated claims payable is reported at June 30, 2022 if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. 124

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 17: Risk Management (Continued)

During the past three fiscal years, the City did not experience settlements or judgments that exceeded pooled coverage. There are no pending claims and judgements likely to have a material adverse effect on the fiscal position due within one y ear of June 30, 2022. The following is a summary of changes in claims liabilities over the past three fiscal years:

Beginning
Balance
Expenses and
Changes in
Estimates
Claims
Payments
Ending
Balance
June 30, 2020 13,190,043$ 6,309,970$ (3,965,234)$ 15,534,779$ June 30, 2021 15,534,779 20,786,191 (5,214,802) 31,106,168 June 30, 2022 31,106,168 14,591,208 (6,434,427) 39,262,949 Claims Payable

Note 18: Commitments and Contingencies

a. Agency Participation Agreement

On April 5, 2004, the City entered into a reclaimed water agreement with the Los Angeles County Sanitation District (LACSD). The agreement is for 20 yea rs, beginning on July 1, 2003, and requires the City to sell its interest in the Northside Recycled Water Line, a 20” non-reinforced concrete gravity reclaimed water pipeline to the LACSD for $441,730.

Additionally, the contract provide s the City with up to 2/3 of the supply of water from the plant which can then be sold by the City to other customers. The City receives discounted rates on water during the first 12 years of the agreement.

b. Contractual Commitments

The following schedule summarizes the major capital project con tractual commitments of the City as of June 30, 2022:

Remaining
Commitments
Kemp Brothers Construction 23,109,461 $
Gentry Brothers, Inc. 2,464,706
Towo Enterprise, Inc. 645,104
NV5 387,378
HR Green Pacific 304,782
Miracle Recreation Equipment 295,105
Cumming Construction Management 266,155
All Other Commitments 2,512,142
Total 29,984,833 $
Vendors

125

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 18: Commitments and Contingencies (Continued)

c. Lawsuits

The City is a defendant in certain other legal actions arising in normal course of operations.

As of June 30, 2022, in the opinion of City management, there w as no additional outstanding matters that would have a significant effect on the financial position of the City.

Note 19: Successor Agency Trust for Assets of Former Redevelopment Agency

On June 28, 2011, Governor Jerry Brown signed into law two bill s that amended California Community Redevelopment Law in order to address the state’s ongoing budget deficit. ABx1 26 (“the Bill”) dissolved all California redevelopment agencies (“RDAs”) effective October 1, 2011. This legislation prevented RDAs from engaging in new activities and outlined a process for winding down the RDAs financial affairs. It also set forth a process for distributing funds from the former RDAs to other local taxing entities. A companion bill, ABx1 27, was also passed, which allowed individual RDAs to avoid dissolution if they agreed to make substantial annual payments into a Special District Allocation Fund and Edu cational Revenue Augmentation Fund.

In response, the California Redevelopment Association, the Leag ue of California Cities, and other parties filed petitions with the California Supreme Court challenging the constitutionality of both ABx1 26 and ABx1 27. On De cember 29, 2011, the California Supreme Court upheld the constitutionality of ABX1 26, while striking down ABx1 27 as unconstitutional. The ruling in California Redevelopment Association V. Matosantos also extended some of the deadlines on February 1, 2012, with the assets and liabilities transferred to Successor Agencies and Successor Housing Agencies pursuant to ABx1 26.

The California State Legislature made additional changes to the dissolution process when Governor Jerry Brown signed AB 1484 into law on June 27, 2012. This legislation made a variety of substantive amendments to the original Dissolution Act. These actions impacted the reporting entity of the City of Pomona that previously had reported a redevelopment agency within the reporting entity of the City as a blended component unit.

The Bill provides that upon diss olution of a redevelopment agen cy, either the City of another unit of local government would agree to serve as the “successor agency” to hold the assets until the assets were distributed to other units of state and l ocal government. On January 9, 2012, the City Council adopted resolution number 201 2-8 electing to assume the responsibility of Successor Agency for the former Pomona Redevelopment Agency.

After enactment of the law, rede velopment agencies in the State of California could not enter into new projects, obligations o r commitments. Subject to the c ontrol of an established oversight board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution. Subsequent to the dissolution, Successor Agencies are only allocated revenue up to the amount necessary to pay the estimated annual installment payments on enforceable obligation of the fo rmer redevelopment agency until all enforceable obligations have been paid in full and all assets have been liquidated.

126

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 19: Successor Agency Trust for Assets of Former Redevelopment Agency (Continued)

The Bill directed the State Cont roller of the State of Californ ia to review the propriety of any transfers of assets between Redevelopment Agencies and other pu blic bodies that occurred after January 1, 2011. If the public body that received such tr ansfers was not contractually committed to a third party for the expenditure or encumbrance of those assets, the State Controller was required to order the available assets to be transferred to the public body designated as the successor agency by the Bill. The State compl eted its required audit and provided the Successor Agency its report on November 26, 2014.

Management believes, in consultation with legal counsel, that t he obligations of the former Redevelopment Agency due to the City are valid enforceable obli gations payable by the Successor Agency trust under the requirements of the bill. The City’s position on the issue is not a position of settled law and there is considerable legal u ncertainty regarding this issue. It is reasonably possible that a legal determination may be made at a later date by an appropriate judicial authority that would resolve this issue unfavorably to the City.

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

a. Cash and Investments

The following is a summary of cash and investments of the Successor Agency at June 30, 2022:

Cash and investments 9,959,163$
Restricted cash 20,244,935
Total 30,204,098$

The Successor Agency’s cash and investments are pooled with the City’s cash and investment in order to generate optimum interest income. The sh are of the pooled cash account is separately accounted for, and investment income is allocated to all participating funds based on the relationship of average quarterly cash balan ces to the total of the pooled cash and investments. Information regarding the authorized types of deposits and investments, the type of risk (i.e., credit, interest rate, custodial, etc.) and other disclosures associated with the City’s pooled cash and investments is reported in Note 2.

b. Loans Receivable (Net)

At June 30, 2022, the Successor Agency’s net loans receivable consisted of the following:

Balance
July 1, 2021 Additions Deletions
Balance
June 30, 2022
1,660,600$ -$ -$ 1,660,600$ Business Assistance Loans

127

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 19: Successor Agency Trust for Assets of Former Redevelopment Agency (Continued)

Business Assistance Loans

The former Redevelopment Agency entered into business assistanc e loan agreements with local businesses for redevelopment purposes. The term of the loan varies, and bears interest rates ranges from 0% to 4% annum. Outstanding balance at June 30, 2022 was $1,660,600.

c. Land Held for Resale

At June 30, 2022, land held for resale in the amount of $788,13 0 is recorded at the acquisition cost in the Successor Agency Trust Fund.

d. Capital Assets

The following is a summary of changes in capital assets for the Successor Agency for the year ended June 30, 2022:

Balance
July 1, 2021 Additions Deletions
Balance
June 30, 2022
125,423$ - $ - $ 125,423$ 125,423 - - 125,423 63,126 - - 63,126 148,995 - - 148,995 429,179 - - 429,179 8,361 - - 8,361 19,513 - - 19,513 669,174 - - 669,174 (21, 463) (1,262) - (22,725) ( 148,995) - - (148, 995) ( 429,179) - - (429, 179) (8,361) - - (8,361) (19,513) - - (19,513) (627,511) (1,262) - (628,773) 41,663 (1,262) - 40,401 167,086$ (1,262)$ -$ 165,824$ Autos and trucks
Building and building improvements
Machinery and equipment
Furniture and fixtures
Less accumulated depreciation:

Nondepreciable assets:

Land
Total nondepr
eciable assets
Depreciable as s ets :

Improvements other than buildings
Total capital assets, net
Total capital assets, at cost
Building and building improvements
Improvements other than buildings
Machinery and equipment
Furniture and fixtures
Autos and trucks
Total accumulated depreciation
Total depreciable assets, net

e. Long – Term Liabilities

The following is a summary of changes in long-term liabilities for the Successor Agency for the year ended June 30, 2022:

Balance
July 1, 2021 Additions Deletions
Balance
June 30, 2022
Due Within
One Year
63,219,182$ 4,108,294 $ (4,529,271) $ 62,798,205 $ - $ 111,985,000 - (7,830,000) 104,155,000 7,900,000 175,204,182$ 4,108,294 $ (12,359,271) $ 166,953,205 $ 7,900,000 $ Total County deferred tax loans
Tax allocation bonds

128

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 19: Successor Agency Trust for Assets of Former Redevelopment Agency (Continued)

County Deferred Tax Loans

At June 30, 2022, the County deferred tax loans consisted of the follow:

Balance
July 1, 2021 Additions Deletions
Balance
June 30, 2022
58,503,367$ 3,960,348 $ (1,926,965) $ 60,536,750 $ 4,715,815 147,946 (2,602,306) 2,261,455 63,219,182$ 4,108,294 $ (4,529,271) $ 62,798,205 $ Southwest Pomona Project Area
South Garey/Freeway Corridor
Total
Project Area

The former Redevelopment Agency entered into agreements with th e County of Los Angeles whereby a portion of the County’s share of tax incr ement revenues from the Southwest Pomona Project Area and South Garey/Freeway Corridor Project Area are loaned annually to the Successor Agency. Interest on both loans accrue at 7% per year, compounded annually. The Successor Agency will commence repayment per the terms of the Agreement.

Tax Allocation Bonds

Balance
July 1, 2021 Additions Deletions
Balance
June 30, 2022
Due Within
One Year
260,000$ -$ (60,000)$ 200,000$ 65,000$ 4,700,000 - ( 320,000) 4,380,000 340,000 107,025,000 - (7, 450,000) 99,575,000 7,495,000 Total 111,985,000$ -$ (7, 830,000)$ 104,155,000$ 7,900,000$ 1998 Tax Allocation Bonds, Series X
2018 Tax Allocation Bonds, Series BI
1998 Tax Allocation Bonds, Series Y

1998 Tax Allocation Refunding Bonds, Series X – Original Issuance $5,055,000

On October 1, 1998, the former Redevelopment Agency issued $5,055,000 in 1998.

Tax Allocation Refunding Bonds, Series X, for the Mountain Mead ows Redevelopment Project to refund $4,360,000 of the loan between the former Red evelopment Agency and the Public Financing Authority related to the Public Financing Authority’s 1993 Refunding Revenue Bonds, Series N.

Interest is payable semiannually on June 1 and December 1 at rates varying from 3.0% to

5.1% per annum. $3,595,000 of bond principal is payable in annu al installments ranging from $95,000 to $300,000 through December 1, 2013. Term bonds o f $41,000,000 and $460,000 mature on December 1, 2016 and December 1, 2024, respe ctively, and are subject to mandatory redemption from a sinking fund account in amounts ranging from $45,000 to $350,000, as outlined in the bonds’ official stateme nt. A municipal bond insurance policy has been issued that insures the payment of the principal and interest on the bonds when due. During 2007, the bonds in the amount of $790,000 were refunded by the 2006 Taxable Revenue Bonds, series AT.

129

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 19: Successor Agency Trust for Assets of Former Redevelopment Agency (Continued)

The annual debt service requirements outstanding at June 30, 2022, is as follows:

Year Ending
June 30, Principal Interest Total
2023 65,000 $ 9,045 $ 74,045 $ 2024 65,000 5,535 70,535 2025 70,000 1,890 71,890 Total 200,000$ 16,470 $ 216,470 $

1998 Tax Allocation Refunding Bonds, Series Y – Original Issuance $8,980,000

On October 1, 1998, the former Redevelopment Agency issued $8,9 80,000 in 1998 Tax Allocation Refunding Bonds, Series Y, for the West Holt Ave nue Redevelopment Project to refund $7,130,000 of the loan between the former Red evelopment Agency and Public Financing Authority related to the Public Financing Auth ority’s 1993 Refunding Revenue Bonds, Series N, and to finance certain redevelopment a ctivities within the West Holt Avenue Project Area.

Interest on the bonds is payable semiannually on November 1 and May 1 at rates varying from 3.0% to 5.0% per annum. $1,770,000 of bond principal is payable in annual installments ranging from $115,000 to $180,000 through May 1, 2011. Terms bonds of $390,000, $2,360,000, and $4,380,000 mature on May 1, 2013, May 1, 2020, and May 1, 2032, respectively, and are subject to mandatory redempt ion from a sinking fund account in amounts ranging from $190,000 to $550,000 as outlined in the bonds’ official statements. Bonds maturing on May 1, 2009 through May 1, 2011 a re subject to redemption prior to maturity, as a whole or in part, at the option of the Agency on any date on or after May 1, 2008 at redemption prices ranging from 100% to 101% of principal. A municipal bond insurance policy has been issued that insures the payment of the principal and interest on the bonds when due. During 2007, the bonds in t he amount of $645,000 were refunded by the 2006 Taxable Revenue Bonds, Series AT.

The annual debt service requirements outstanding at June 30, 2022, is as follows:

2018 Tax Allocation Refunding Bonds, Series BI – Original Issuance $128,885,000

On October 11, 2018, the Success or Agency to the Redevelopment Agency of the City of Pomona, issued 2018 Tax Allocation Refunding Bonds, Series BI in the amount of $128,885,000 to repay the advances from the Public Financing Au thority for 1998 Series W, 2001 Series AD, 2003 Series AH, 2005 Series AQ, 2006 Series AS/AT/AX and 2007 Series AW and created annual debt service savings of appro ximately $1.6 million.

Year Ending
June 30, Principal Interest Total
2023 340,000$ 231,550$ 571,550$
2024 360,000 212,300 572,300
2025 380,000 191,950 571,950
2026 400,000 170,500 570,500
2027 420,000 147,950 567,950
2028-2032 2,480,000 355,300 2, 835,300 Total 4,380,000$ 1, 309,550$ 5, 689,550$ 130

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 19: Successor Agency Trust for Assets of Former Redevelopment Agency (Continued)

There was no economic gain due to the unused bond proceeds paid down the principal portion of the new issuance.

Interest on the bonds is payable semiannually on each August 1 and February 1. The rates of interest range from 2.65% to 4.51% per annum. Principal is p ayable in annual installments ranging from $690,000 to $9,805,000. Bonds are secured by the pledged tax revenues deposited in the Redevelopment Property Tax Trust Fund.

The annual debt service requirement for the 2018 Tax Allocation Refunding Bonds, Series BI outstanding at June 30, 2022, is as follows:

Year Ending
June 30, Principal Interest Total
2023 7,495,000$ 4,035,259$ 11,530,259$
2024 7,765,000 3,763,041 11,528,041 2025 8,010,000 3,470,533 11,480,533 2026 8,345,000 3,163,190 11,508,190 2027 8,655,000 2,835,231 11,490,231 2028-2032 45,390,000 8,689,024 54,079,024 2033-2037 9,975,000 1,850,853 11,825,853 2038-2042 3,940,000 421,536 4,361,536 Total 99,575,000$ 28,228,667$ 127,803,667$

Pledged Tax Revenues

The City has pledged, as security for bonds issued, either dire ctly or through the Pomona Public Financing Authority, certain tax revenues to the repayment of certain Successor Agency debts (bonds, loans, and advances) through final maturity of bonded debt on February 1, 2041, or earlier retirement, whichever occurs first.

Tax revenues consist of tax increment revenues allocated to the Successor Agency to various project areas pursuant to Section 33670 of the Redevelo pment Law. Such Law excludes a portion of tax increment revenues required to be paid under Tax-Sharing agreements unless the payment of such amounts has been subordin ated to the payment of debt service on the Bonds. Assembly Bill 1X 26 provided that upon dissolution of the Redevelopment Agency, property taxes allocated to redevelopment agencies no longer are deemed tax increment but rather property tax revenues and w ill be allocated first to local agency and school entity pursuant to any pass-through agreement, then second to successor agencies to make payments on the indebtedness incurred by the dissolved redevelopment agency. For the current year, the total property tax revenue recognized by the Successor Agency was $12,545,857 and the debt service payments on the bonds was $12,359,272.

Remaining balance on the debt at June 30, 2022, is as follows:

County of LA Agreement 62,798,205$
1998 Series X Bonds 216,470
1998 Series Y Bonds 5,689,550
2018 Series BI Bonds 127,803,667
Total 196,507,892$
Debt Issues

131

CITY OF POMONA

NOTES TO THE BASIC FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED JUNE 30, 2022

Note 19: Successor Agency Trust for Assets of Former Redevelopment Agency (Continued)

f. Compensated Absences

The liability for vested and unpai d compensated absences (accru ed, vacation, sick pay, executive leave, and comp time) is reported in the fund as the benefits are earned and vest.

Balance
July 1, 2021 Additions Deletions
Balance
June 30, 2022
Due Within
One Year
Compensated absences 79,628$ 37,868 $ 24,714 $ 92,782 $ 92,000 $

g. Insurance

The Successor Agency is covered under the City of Pomona’s insu rance policies.

Therefore, the limitation and self-insured retentions applicable to the City also apply to the Successor Agency. Additional information as to coverage and sel f-insured retentions can be found in Note 17.

h. Agreement for Allocation of Tax Increment Revenues

On December 5, 1988, the former Redevelopment Agency entered into an agreement with the County whereby the County has agreed to provide sufficient allocation of tax increment revenues to allow the Successor Agency to meet its debt service agreements on dent it has incurred in connection with the Southwest Pomona Project Ar ea. Beginning in fiscal year 1988-89, and thereafter for the life of the project, the County will provide a grant to the Successor Agency for any “deficiencies” in tax increment revenues allocated to the Successor Agency as described in the agreement. There were no i ntergovernmental revenues as result of the agreement for the year ended June 30, 2022.

Note 20: Subsequent Event

On January 6, 2020, an agreement was awarded to R3 Consulting Group, Inc. for a Solid Waste Rate and Cost of Service Study. On November 1, 2021, the City Council approved a Request for Proposals (RFP) process for a franchise agreement for exclusive collection, processing, recycling, and disposal of residential and commerci al solid waste, recyclable material, and organic waste collection and adopted Resolution No. 2021-155 establishing process integrity standards. On December 6, 2021, the City Coun cil reaffirmed their approval of the RFP process. On January 10, 2022, the City Coun cil approved an amendment to the agreement between the City and R3 Consulting Group, Inc. to allow for additional work associated with preparing and administering the City’s RFP process. On October 17, 2022, City Council moved to approve the adoption of Resolution No. 2022-194 declaring its intent to award an exclusive franchise agreement to Arakelian Enterprises, Inc. dba Athens Services for the residential and commercial sol id waste, recyclable materials, and organic waste collection services. Ordinance No. 4323 was first introduced at the November 21, 2022 City Council meeting. On December 5, 2 022, Adoption of Ordinance No. 4323 awarded an exclusive franchise agreement to Athens Services for residential and commercial solid waste, recyclable materials, and organic waste collection services for an initial 10-year term beginning July 1, 2023, wit h t w o o p t i o n a l 5 - y e a r renewals.

132

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133

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

GENERAL FUND
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 36,339,488$ 36,339,488$ 36,339,488$ -$ Resources (Inflows):

Taxes 104,284,316 104,284,316 119,961,900 15,677,584
Licenses, permits and fees 7,160,003 7,289,598 9,441,593 2,151,995 Intergovernmental 402,211 402,211 620,658 218,447 Charges for services 3,103,432 3,103,432 2,873,972 (229,460) Use of money and properties 1,442,742 1,442,742 (557,019) (1,999,761) Fines and forfeitures 1,719,245 1,719,245 2,283,651 564,406 Miscellaneous 740,000 740,000 1,636,312 896,312 Transfers in 10,145,847 10,145,847 1,444,374 (8,701,473) Proceeds from sale of capital asset - - 19,604 19,604 Amounts Available for Appropriations 165,337,284 165,466,879 174,064,533 8,597,654 Charges to Appropriation (Outflow):

General government 9,530,624 9,507,524 5,821,962 3,685,562 Public safety 91,663,726 91,662,525 92,604,367 (941,842) Urban development 14,358,909 14,404,363 13,900,224 504,139 Neighborhood services and library 5,685,372 5,319,782 4,314,437 1,005,345 Capital outlay 750,217 760,857 576,698 184,159 Debt service:

Principal retirement 211,069 211,069 174,358 36,711 Transfers out 5,976,417 6,344,767 6,937,945 (593,178) Total Charges to Appropriations 128,176,334 128,210,887 124,366,701 3,844,186 Budgetary Fund Balance, June 30 37,160,950$ 37,255,992$ 49,697,832$ 12,441,840$ 134

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

HOUSING AUTHORITY
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 18,601,941$ 18,601,941$ 18,601,941$ -$ Resources (Inflows):

Intergovernmental 26,323,338 26,323,338 20,918,746 (5,404,592) Charges for services 1,000 1,000 1,099 99 Use of money and properties 422,890 422,890 785,713 362,823 Contributions from Successor Agency 182,000 182,000 - (182,000) Miscellaneous - - 1,900 1,900 Transfers in 71,500 71,500 71,500 - Proceeds from sale of capital asset - - 3,271,237 3,271,237 Amounts Available for Appropriations 45,602,669 45,602,669 43,652,136 (1,950,533) Charges to Appropriation (Outflow):

Development services 27,198,848 27,197,173 21,095,025 6,102,148 Transfers out - - 755,988 (755,988) Total Charges to Appropriations 27,198,848 27,197,173 21,851,013 5,346,160 Budgetary Fund Balance, June 30 18,403,821$ 18,405,496$ 21,801,123$ 3,395,627$ 135

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

MISCELLANEOUS GRANTS
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 20,877,879$ 20,877,879$ 20,877,879$ -$ Resources (Inflows):

Intergovernmental 31,411,369 30,690,741 9,107,867 (21,582,874) Charges for services 134,015 134,015 275,299 141,284 Use of money and properties 19,565 19,565 935,224 915,659 Miscellaneous 659,958 659,958 368,193 (291,765) Transfers in 152,328 152,328 126,936 (25,392) Amounts Available for Appropriations 53,255,114 52,534,486 31,691,398 (20,843,088) Charges to Appropriation (Outflow):

Public safety 1,330,823 1,330,823 570,219 760,604 Development services 28,846,721 28,735,321 8,898,658 19,836,663 Neighborhood services and library 1,299,548 1,344,548 906,465 438,083 Capital outlay 473,800 473,800 178,616 295,184 Total Charges to Appropriations 31,950,892 31,884,492 10,553,958 21,330,534 Budgetary Fund Balance, June 30 21,304,222$ 20,649,994$ 21,137,440$ 487,446$ 136

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

AMERICAN RESCUE PLAN
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 -$ -$ -$ -$ Resources (Inflows):

Intergovernmental 17,071,367 17,177,367 2,298,894 (14,878,473) Amounts Available for Appropriation 17,071,367 17,177,367 2,298,894 (14,878,473) Charges to Appropriation (Outflow):

Public safety - 106,000 6,750 99,250 Transfers out 17,071,367 17,071,367 2,292,144 14,779,223 Total Charges to Appropriations 17,071,367 17,177,367 2,298,894 14,878,473 Budgetary Fund Balance, June 30 -$ -$ -$ -$ 137
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CITY OF POMONA

MISCELLANEOUS PLAN - AGENT MULTIPLE-EMPLOYER

SCHEDULE OF CHANGES IN NET PENSION LIABILITY/(ASSET) AND RELATED RATIOS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2015 2016 2017 2018

TOTAL PENSION LIABILITY
Service Cost 3,310,829$ 3,161,189$ 3,278,100$ 3,757,355$ Interest 18,086,982 18,495,828 19,115,591 19,389,644 Difference between Expected and Actual Experience - (3,363,816) 123,335 (2,724,421) Benefit Payments, Including
Refunds of Employee Contributions (12,464,852) (13,367,634) (14,106,985) (14,550,855) Net Change in Total Pension Liability 8,932,959 498,384 8,410,041 21,598,577 Total Pension Liability - Beginning 245,736,775 254,669,734 255,168,118 263,578,159 Total Pension Liability - Ending (a) 254,669,734 $ 255,168,118 $ 263,578,159 $ 285,176,736 $

PLAN FIDUCIARY NET POSITION
Contributions - Employer 3,191,964$ 3,747,091$ 4,508,818$ 4,965,420$ Contributions - Employee 1,640,223 1,622,551 1,710,782 1,824,492 Net Investment Income 31,444,609 4,578,528 1,092,440 21,714,550 Benefit Payments, Including
Refunds of Employee Contributions (12,464,852) (13,367,634) (14,106,985) (14,550,855) Administrative Expense - (235,754) (124,510) (291,464) Net Plan to Plan Resource Movement - (521) 30,199 - Other Miscellaneous Income/(Expense) - - - - Net Change in Fiduciary Net Position 23,811,944 (3,655,739) (6,889,256) 13,662,143 Plan Fiduciary Net Position - Beginning 184,143,961 207,955,905 204,300,166 197,410,910 Plan Fiduciary Net Position - Ending (b) 207,955,905 $ 204,300,166 $ 197,410,910 $ 211,073,053$ Plan Net Pension Liability/(Assets) - Ending (a) - (b) 46,713,829$ 50,867,952$ 66,167,249$ 74,103,683$

81.66% 80.06% 74.90% 74.01%
Covered Payroll 21,768,272$ 21,843,562$ 21,768,272$ 22,899,750$ 214.60% 232.87% 303.96% 323.60%
Notes to Schedule:

Benefit Changes:

Changes of Assumptions:

Plan Fiduciary Net Position as a Percentage of the Total Pension Liability
Plan Net Pension Liability/(Asset) as a Percentage of
Covered Payroll
(1) Historical information is required only for measurement years for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only eight years are shown.

The figures above include any liability impact that may have resulted fromvoluntary benefit changes that occurred after the June 30, 2019 valuation. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the June 30, 2019 valuation date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

None in 2019 or 2020. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in discount rate in 2018. In 2017, the accounting discount rate reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on the 7.5 percent discount rate. 140
2019 2020 2021 2022
3,684,403$ 3,678,697 $ 3,689,145 $ 3,917,757$ 19,890,698 20,653,574 21,100,019 21,667,103 165,010 2,804,401 (1,647,018) 253,986 (15,247,444) (16,166,651) (16,726,361) (17,726,053) 7,124,021 10,970,021 6,415,785 8,112,793 285,176,736 292,300,757 303,270,778 309,686,563 292,300,757$ 303,270,778 $ 309,686,563 $ 317,799,356 $ 5,562,823$ 6,340,816 $ 7,644,926 $ 84,587,763$ 1,718,844 1,746,619 1,868,202 1,946,908 17,509,262 14,226,888 10,972,762 66,627,438 (15,247,444) (16,166,651) (16,726,361) (17,726,053) (328,910) (156,756) (318,117) (228,852) (510) - - - (624,606) 510 - - 8,589,459 5,991,426 3,441,412 135,207,204 211,073,053 219,662,512 225,653,938 229,095,350 219,662,512$ 225,653,938 $ 229,095,350 $ 364,302,554$ 72,638,245$ 77,616,840$ 80,591,213$ (46,503,198)$

75.15% 74.41% 73.98% 114.63%
23,628,194$ 23,219,075$ 25,342,873$ 26,144,350$ 307.42% 334.28% 318.00% -177.87%
141

CITY OF POMONA

SAFETY PLAN - AGENT MULTIPLE-EMPLOYER

SCHEDULE OF CHANGES IN NET PENSION LIABILITY/(ASSET) AND RELATED RATIOS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2015 2016 2017 2018

TOTAL PENSION LIABILITY
Service Cost 4,880,486$ 4,785,362$ 4,884,739$ 5,801,213$ Interest 23,069,282 23,712,742 24,593,728 24,844,637 Difference between Expected and Actual Experience - (2,090,216) 1,506,206 (4,573,322) Changes in Assumptions - (5,565,887) - 19,952,226 Benefit Payments, Including
Refunds of Employee Contributions (17,510,572) (18,221,480) (18,854,232) (19,795,369) Net Change in Total Pension Liability 10,439,196 2,620,521 12,130,441 26,229,385 Total Pension Liability - Beginning 313,905,458 324,344,654 326,965,175 339,095,616 Total Pension Liability - Ending (a) 324,344,654 $ 326,965,175 $ 339,095,616 $ 365,325,001 $

PLAN FIDUCIARY NET POSITION
Contributions - Employer 5,669,824$ 6,367,577$ 7,278,178$ 8,239,937$ Contributions - Employee 1,402,077 1,554,104 1,534,930 1,568,799 Net Investment Income 37,455,889 5,342,317 1,164,032 25,441,922 Benefit Payments, Including
Refunds of Employee Contributions (17,510,572) (18,221,480) (18,854,232) (19,795,369) Administrative Expense - (271,705) (147,131) (343,113) Net Plan to Plan Resource Movement - 521 1,096 - Other Miscellaneous Income/(Expense) - - - - Net Change in Fiduciary Net Position 27,017,218 (5,228,666) (9,023,127) 15,112,176 Plan Fiduciary Net Position - Beginning 219,628,065 246,645,283 241,416,617 232,393,490 Plan Fiduciary Net Position - Ending (b) 246,645,283 $ 241,416,617 $ 232,393,490 $ 247,505,666$ Plan Net Pension Liability/(Assets) - Ending (a) - (b) 77,699,371$ 85,548,558$ 106,702,126$ 117,819,335$

76.04% 73.84% 68.53% 67.75%
Covered Payroll 14,837,124$ 15,182,720$ 15,528,316$ 16,122,314$ 523.68% 563.46% 687.15% 730.78%
Notes to Schedule:

Benefit Changes:

Changes of Assumptions:

None in 2019 or 2020. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in discount rate in 2018. In 2017, the accounting discount rate reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense.) In 2014, amounts reported were based on the 7.5 percent discount rate. 142
2019 2020 2021 2022
5,447,465$ 5,283,890 $ 5,538,692 $ 5,666,577$ 25,520,009 26,641,545 27,404,181 28,253,540 1,433,848 6,506,181 1,100,494 2,054,460 (1,916,304) - - - (21,286,165) (22,125,918) (22,848,264) (23,515,991) 9,198,853 16,305,698 11,195,103 12,458,586 365,325,001 374,523,854 390,829,552 402,024,655 374,523,854$ 390,829,552 $ 402,024,655 $ 414,483,241 $ 8,917,280$ 10,065,972 $ 12,010,910 $ 144,351,077$ 1,611,014 1,577,765 1,935,321 1,854,431 20,385,914 16,534,386 12,709,328 86,029,275 (21,286,165) (22,125,918) (22,848,264) (23,515,991) (385,682) (182,698) (369,194) (265,042) (596) - - - (732,417) 596 - - 8,509,348 5,870,103 3,438,101 208,453,750 247,505,666 256,015,014 261,885,117 265,323,218 256,015,014$ 261,885,117 $ 265,323,218 $ 473,776,968$ 118,508,840$ 128,944,435 $ 136,701,437 $ (59,293,727) $

68.36% 67.01% 66.00% 114.31%
17,199,482$ 16,421,383$ 17,338,673$ 18,391,390$ 689.03% 785.22% 788.42% -322.40%
143

CITY OF POMONA

COLLATERAL BENEFITS PLAN

SCHEDULE OF CHANGES IN NET PENSION LIABILITY AND RELATED RATIOS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2018 2019 2020 2021 2022

TOTAL PENSION LIABILITY
Service Cost 8,761$ 8,761$ 9,330$ 8,023$ 8,023$ Interest 61,845 59,294 56,133 52,950 54,678 Difference between Expected and Actual Experience - - - 76,786 - Refunds of Employee Contributions (114,500) (122,900) (111,400) (114,900) (107,360) Net Change in Total Pension Liability (43,894) (54,845) (45,937) 22,859 (44,659) Total Pension Liability - Beginning 1,007,818 963,924 909,079 863,142 886,001 Total Pension Liability - Ending (a) 963,924 $ 909,079 $ 863,142 $ 886,001 $ 841,342 $

PLAN FIDUCIARY NET POSITION
Contributions - Employer -$ 102,949$ 167,769$ -$ 333,578$ Net Investment Income 13,113 8,427 3,889 32,324 (27,669) Benefit Payments, Including
Refunds of Employee Contributions (114,500) (122,900) (111,400) (114,900) (107,360) Administrative Expense (126) (124) - (1,181) (200) Net Change in Fiduciary Net Position (101,513) (11,648) 60,258 (83,757) 198,349 Plan Fiduciary Net Position - Beginning 284,669 183,156 171,508 231,766 148,009 Plan Fiduciary Net Position - Ending (b) 183,156$ 171,508$ 231,766$ 148,009$ 346,358$ Plan Net Pension Liability/(Assets) - Ending (a) - (b) 780,768 $ 737,571 $ 631,376 $ 737,992 $ 494,984 $

19.00% 18.87% 26.85% 16.71% 41.17%
Covered Payroll N/A N/A N/A N/A N/A

N/A N/A N/A N/A N/A
Notes to Schedule:

Benefit Changes:

Changes of Assumptions:

Plan Fiduciary Net Position as a Percentage of the Total Pension Liability
Plan Net Pension Liability/(Asset) as a Percentage of
Covered Payroll
There were no changes to benefit terms.

There were no changes of assumptions.
(1) Historical information is required only for measurement years for which GASB 68 is applicable. 144

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145

CITY OF POMONA

MISCELLANEOUS PLAN - AGENT MULTIPLE-EMPLOYER

SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2015 2016 2017 2018
Actuarially Determined Contribution 3,191,964$ 3,747,091$ 4,508,818$ 4,965,420$ Contribution in Relation to the Actuarially Determined Contribution (3,191,964) (3,747,091) (4,508,818) (4,965,420) Contribution Deficiency (Excess) -$ -$ -$ -$ Covered Payroll 21,843,562$ 21,768,272 $ 22,899,750 $ 23,628,194$ Contributions as a Percentage of Covered Payroll 14.61% 17.21% 19.69% 21.01% Note to Schedule:

Valuation Date: June 30, 2020
Methods and assumptions used to determine contribution rates:

Actuarial Cost Method Entry Age Normal Cost Method
Amortization method Level percentage of payroll, closed Asset valuation method Direct rate smoothing
Inflation
Payroll Growth
Projected Salary Increases
Investment Rate of Return 7.00% (net of administrative expenses) Retirement Age
Mortality
All other actuarial assumptions used in the June 30, 2019 valuation were based on the results of an actuarial experience study for the period from 1997 to 2015, including updates to salary increase, mortality and retirement rates. The Experience Study report may be accessed on the CalPERS website at www.calpers.ca.gov under Forms and Publications.

The mortality table used was developed based on CalPERS' specific data.

The table includes 15 years of mortality improvements using 90 percent of Society of Actuaries' Scale 2016. For more details on this table, please refer to the 2017 experience study report. (1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only eight years are shown.

Varies by Entry Age and Service

2.500%

2.750%
146
2019 2020 2021 2022
5,562,823$ 7,759,016 $ 84,202,532 $ 2,600,816$ (5,562,823) (7,759,016) (84,202,532) (2,600,816) -$ -$ -$ -$ 23,219,075$ 25,342,873 26,144,350 28,750,624

23.96% 30.62% 322.07% 9.05%
147

CITY OF POMONA

SAFETY PLAN - AGENT MULTIPLE-EMPLOYER

SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2015 2016 2017 2018
Actuarially Determined Contribution 5,669,824$ 6,367,577$ 7,278,178$ 8,239,937$ Contribution in Relation to the Actuarially Determined Contribution (5,669,824) (6,367,577) (7,278,178) (8,239,937) Contribution Deficiency (Excess) -$ -$ -$ -$ Covered Payroll 15,182,720$ 15,528,316 $ 16,122,314 $ 17,199,482$ Contributions as a Percentage of Covered Payroll 37.34% 41.01% 45.14% 47.91% Note to Schedule:

Valuation Date: June 30, 2020
Methods and assumptions used to determine contribution rates:

The table includes 15 years of mortality improvements using 90 percent of Society of Actuaries' Scale 2016. For more details on this table, please refer to the 2017 experience study report.

Varies by Entry Age and Service

2.500%

2.750%
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only eight years are shown.

All other actuarial assumptions used in the June 30, 2019 valuation were based on the results of an actuarial experience study for the period from 1997 to 2015, including updates to salary increase, mortality and retirement rates. The Experience Study report may be accessed on the CalPERS website at www.calpers.ca.gov under Forms and Publications. 148
2019 2020 2021 2022
8,917,280$ 11,896,017 $ 143,493,881 $ 4,512,251$ (8,917,280) (11,896,017) (143,493,881) (4,512,251) -$ -$ -$ -$ 16,421,383$ 17,338,673 $ 18,391,390 $ 19,483,535$

54.30% 68.61% 780.22% 23.16%
149

CITY OF POMONA

COLLATERAL BENEFITS PLAN

SCHEDULE OF PLAN CONTRIBUTIONS
AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2015 2016 2017 2018
Actuarially Determined Contribution 110,032$ 102,949$ 102,949$ 102,949$ Contribution in Relation to the Actuarially Determined Contribution (110,032) (102,949) (102,949) (114,500) Contribution Deficiency (Excess) -$ - $ - $ (11,551)$ Covered Payroll N/A N/A N/A N/A
Contributions as a Percentage of Covered Payroll N/A N/A N/A N/A Note to Schedule:

Valuation Date: June 30, 2021
Methods and assumptions used to determine contribution rates:

Actuarial Cost Method Entry Age Normal Cost Method
Amortization method Level dollar of payroll
Asset valuation method Market value
Inflation
Payroll Growth
Projected Salary Increases
Investment Rate of Return 6.50% (net of administrative expenses) Retirement Age
Mortality
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only eight years are shown.

N/A
N/A
N/A
Consistent with the Non-industrial rates used for the value of Miscellaneous Public Agency CalPERS Pension Plans.

The retirement rates are consistent with those used to value the Miscellaneous Public Agency CalPERS "2.0% at age 55" Pension Plans for retirees with 25 years of service.
150
2019 2020 2021 2022
102,949$ 167,769$ -$ 166,789$ (102,949) (167,769) (166,789) (333,578) -$ - $ (166,789)$ (166,789)$

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

N/A N/A N/A N/A
151

CITY OF POMONA

SCHEDULE OF CHANGES IN THE TOTAL OPEB LIABILITY AND RELATED RATIOS AS OF JUNE 30, FOR THE LAST TEN FISCAL YEARS (1)
2018 2019 2020 2021 2022
Total OPEB Liability
Service cost 2,019,938$ 2,322,129$ 2,391,793$ 2,438,598$ 2,859,647$ Interest on the total OPEB liability 3,382,262 3,193,265 3,459,741 2,693,897 2,280,032 Actual and expected experience difference - - (2,406,146) - (3,389,740) Changes in benefit terms - - - - - Benefit payments (4,149,518) (4,419,147) (4,532,965) (4,862,846) (4,819,774) Net change in total OPEB liability 6,404,555 (4,593,542) 8,926,581 7,542,653 (2,343,529) Total OPEB liability - beginning 90,248,485 96,653,040 92,059,498 100,986,079 108,528,732 Total OPEB liability - ending (a) 96,653,040 92,059,498 100,986,079 108,528,732 106,185,203 Plan Fiduciary Net Position
Contribution - employer 4,149,518 4,419,147 4,532,965 4,862,846 4,819,774 Benefit payments (4,149,518) (4,419,147) (4,532,965) (4,862,846) (4,819,774) Net change in plan fiduciary net position - - - - - Plan fiduciary net position - beginning - - - - - Plan fiduciary net position - ending (b) -$ -$ -$ -$ -$ Net OPEB Liability - ending (a) - (b) 96,653,040$ 92,059,498$ 100,986,079$ 108,528,732$ 106,185,203$ Plan fiduciary net position as a percentage of the total OPEB liability 0.00% 0.00% 0.00% 0.00% 0.00% Covered-employee payroll 40,827,676$ 40,570,643 $ 42,681,546 $ 44,535,741 $ 47,515,353 $ Total OPEB liability as a percentage of covered-employee payroll 236.73% 226.91% 236.60% 243.69% 223.48% Notes to Schedule: None
(1) Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available.

Changes in assumptions: In 2021, the accounting discount rate reduced from 2.7 percent to 2.12 percent. In 2020, the accounting discount rate reduced from 3.8 percent to 2.7 percent.
152

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155

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

CAPITAL OUTLAY CAPITAL PROJECTS FUND
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,583,453$ 3,583,453$ 3,583,453$ -$ Resources (Inflows):

Licenses, permits and fees 13,000 13,000 220,804 207,804 Intergovernmental 6,290,402 6,562,696 3,308,639 (3,254,057) Charges for services - - 783,578 783,578 Use of money and properties 1,873 1,873 1,558 (315) Contributions from Successor Agency 382,835 382,835 295,941 (86,894) Miscellaneous 1,975,950 1,975,950 1,908,129 (67,821) Transfers in 23,932,182 24,580,532 12,598,067 (11,982,465) Proceeds from sale of capital asset - - 3,724 3,724 Amounts Available for Appropriations 36,179,695 37,100,339 22,703,893 (14,396,446) Charges to Appropriation (Outflow):

Capital outlay 30,476,852 31,397,496 14,713,268 16,684,228 Transfers out 1,118,825 1,097,125 819,017 278,108 Total Charges to Appropriations 31,595,677 32,494,621 15,532,285 16,962,336 Budgetary Fund Balance, June 30 4,584,018$ 4,605,718$ 7,171,608$ 2,565,890$ 156

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

ASSESSMENT DISTRICT IMPROVEMENT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 44,233$ 44,233$ 44,233$ -$ Resources (Inflows):

Use of money and property 557 557 7,557 7,000 Amounts Available for Appropriations 44,790 44,790 51,790 7,000 Charges to Appropriation (Outflow):

Transfers out - - 37,929 (37,929) Total Charges to Appropriations - - 37,929 (37,929) Budgetary Fund Balance, June 30 44,790$ 44,790$ 13,861$ (30,929)$ 157

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

GENERAL GOVERNMENT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 (69,113,379)$ (69,113,379)$ (69,113,379)$ -$ Resources (Inflows):

Taxes 613,760 613,760 - (613,760) Intergovernmental 315,397 315,397 291,002 (24,395) Use of money and properties 3,562 3,562 641 (2,921) Transfers in 5,312,000 5,312,000 12,961,567 7,649,567 Amounts Available for Appropriations (62,868,660) (62,868,660) (55,860,169) 7,008,491 Charges to Appropriation (Outflow):

Debt service:

Principal retirement 891,726 891,726 891,727 (1) Interest and fiscal charges 3,116,491 3,116,491 10,759,397 (7, 642,906) Transfers out 2,250,000 2,250,000 - 2, 250,000 Total Charges to Appropriations 6,258,217 6,258,217 11,651,124 (5,392,907) Budgetary Fund Balance, June 30 (69,126,877)$ (69,126,877)$ (67,511,293)$ 1,615,584$ 158

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

PUBLIC FINANCING AUTHORITY
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 71,103,881$ 71,103,881$ 71,103,881$ -$ Resources (Inflows):

Use of money and properties 72,283 72,283 126,402 54,119 Transfers in 2,250 2,250 2,250 - Amounts Available for Appropriations 71,178,414 71,178,414 71,232,533 54,119 Charges to Appropriation (Outflow):

Debt service:

Principal retirement 2,895,000 2,895,000 2,895,000 - Interest and fiscal charges 118,264 118,264 117,462 802 Total Charges to Appropriations 3,013,264 3,013,264 3,012,462 802 Budgetary Fund Balance, June 30 68,165,150$ 68,165,150$ 68,220,071$ 54,921$ 159

CITY OF POMONA

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments -$ 4,073,545$ 4,995,667$ 8,283,703$ Receivables (net):

Accounts - - 3,000 - Notes and loans 1,552,699 - - - Interest - 15,252 16,050 25,987 Due from other governments 933,493 811,384 18,754 - Advances to other funds - - - - Total Assets 2,486,192 $ 4,900,181 $ 5 ,033,471$ 8,309,690 $ Liabilities, Deferred inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable 78,391$ 198,746$ 61,597$ 555$ Payroll payable 20,338 24,711 2,554 1,844 Deposits payable - - - - Unearned revenues - - - - Total Liabilities 613,226 223,457 64,151 2,399 Deferred inflows of resources:

Unavailable revenues 866,019 - - - Total Deferred inflows of Resources 866,019 - - - Fund Balances:

Restricted for:

Development and public works 1,006,947 4,676,724 4,969,320 8,307,291 Public safety - - - - Parks and recreation - - - - Assessment district improvement - - - - Unassigned - - - - Total Fund Balances 1,006,947 4,676,724 4,969,320 8,307,291 Total Liabilities, deferred inflows of
resources, and Fund Balances 2,486,192 $ 4,900,181 $ 5 ,033,471$ 8,309,690 $ Community
Development
Block Grant State Gas Tax Proposition A Proposition C Special Revenue Funds
160

CITY OF POMONA

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments
Receivables (net):

Accounts
Notes and loans
Interest
Due from other governments
Advances to other funds
Total Assets
Liabilities, Deferred inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable
Payroll payable
Deposits payable
Unearned revenues
Total Liabilities
Deferred inflows of resources:

Unavailable revenues
Total Deferred inflows of Resources
Fund Balances:

Restricted for:

Development and public works
Public safety
Parks and recreation
Assessment district improvement
Unassigned
Total Fund Balances
Total Liabilities, deferred inflows of
resources, and Fund Balances

(CONTINUED)
1,791,777$ 482,923$ 585,453$ 1,592,533 $ 1,840 - - - - - - - 5,975 1,726 2,253 5,342 1,907 49,768 42,805 - 304,435 - - - 2,105,934$ 534,417$ 630,511$ 1,597,875 $ 39,477$ - $ 114,826$ 25,586 $ 4,943 129 5,439 - 17,334 - - - - - - - 61,754 129 120,265 25,586 - - - - - - - - 2,044,180 534,288 - - - - - 1,572,289 - - - - - - 510,246 - - - - - 2,044,180 534,288 510,246 1,572,289 2,105,934$ 534,417$ 630,511$ 1,597,875 $ Vehicle
Parking
District
Air Quality
Improvement
Landscape
Maintenance
District
Asset
Forfeiture
Special Revenue Funds
161

CITY OF POMONA

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments
Receivables (net):

Accounts
Notes and loans
Interest
Due from other governments
Advances to other funds
Total Assets
Liabilities, Deferred inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable
Payroll payable
Deposits payable
Unearned revenues
Total Liabilities
Deferred inflows of resources:

Unavailable revenues
Total Deferred inflows of Resources
Fund Balances:

Restricted for:

Development and public works
Public safety
Parks and recreation
Assessment district improvement
Unassigned
Total Fund Balances
Total Liabilities, deferred inflows of
resources, and Fund Balances

618,336$ 3,924,368 $ 3 ,423,453$ 3 ,025,860$ - - - - - - - - 1,999 13,576 11,007 - - - - - - - - - 620,335$ 3,937,944 $ 3 ,434,460$ 3 ,025,860$ 777$ 21,175 $ 28,604 $ 3 $ 1,085 19,142 13,291 - - - - - - - - - 1,862 40,317 41,895 3 - - - - - - - - - 3,897,627 3,392,565 3,025,857 618,473 - - - - - - - - - - - - - - - 618,473 3,897,627 3,392,565 3,025,857 620,335$ 3,937,944 $ 3 ,434,460$ 3 ,025,860$ Special Revenue Funds
Traffic
Offender Measure R Measure M Special Fees
162

CITY OF POMONA

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments
Receivables (net):

Accounts
Notes and loans
Interest
Due from other governments
Advances to other funds
Total Assets
Liabilities, Deferred inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable
Payroll payable
Deposits payable
Unearned revenues
Total Liabilities
Deferred inflows of resources:

Unavailable revenues
Total Deferred inflows of Resources
Fund Balances:

Restricted for:

Development and public works
Public safety
Parks and recreation
Assessment district improvement
Unassigned
Total Fund Balances
Total Liabilities, deferred inflows of
resources, and Fund Balances

(CONTINUED)
463,475$ 3,880,047 $ 473,638$ 5 ,870,322$ 34,242 - 130,956 - - - - - - - - 21,229 - - 114,216 - - - - - 497,717$ 3,880,047 $ 718,810$ 5 ,891,551$ -$ 89,039$ - $ 51,170$ - 9,745 - 2,373 - - - - - 3,781,263 - 5,977,836 - 3,880,047 - 6,031,379 - - - - - - - - 497,717 - 718,810 - - - - - - - - - - - - - - - - (139,828) 497,717 - 718,810 ( 139,828) 497,717$ 3,880,047 $ 718,810$ 5 ,891,551$ Special Revenue Funds
PEG Fee
OATH
Initiative
Fairplex
Mitigation
Fund Measure W
163

CITY OF POMONA

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:

Cash and investments
Receivables (net):

Accounts
Notes and loans
Interest
Due from other governments
Advances to other funds
Total Assets
Liabilities, Deferred inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable
Payroll payable
Deposits payable
Unearned revenues
Total Liabilities
Deferred inflows of resources:

Unavailable revenues
Total Deferred inflows of Resources
Fund Balances:

Restricted for:

Development and public works
Public safety
Parks and recreation
Assessment district improvement
Unassigned
Total Fund Balances
Total Liabilities, deferred inflows of
resources, and Fund Balances

Capital Projects
Funds
-$ 240,152$ 4 3,725,252$ 216,240 - 386,278
- - 1,552,699 - - 120,396 - - 1,972,327 - - 304,435 216,240$ 240,152$ 4 8,061,387$
-$ - $ 709,946$ - - 105,594 - 226,291 243,625
- - 9,759,099 - 226,291 11,332,761 - - 866,019 - - 866,019 - - 33, 071,326 - - 2,190,762 216,240 - 216,240
- 13,861 524,107
- - (139,828) 216,240 13,861 35,862,607
216,240$ 240,152$ 4 8,061,387$
Special
Revenue
Funds
Cannabis
Community
Benefit Fund
Assessment
District
Improvement
Total Nonmajor
Governmental
Funds
164
7+,63$*(,17(17,21$//</()7%/$1.
165

CITY OF POMONA

COMBINING STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCES

NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022

Revenues:

Taxes -$ -$ -$ -$ Special assessments - - - - Licenses, permits and fees - - - - Intergovernmental 2,547,581 6,831,047 3,917,096 3,242,929 Charges for services - - - - Use of money and properties 29,245 (80,287) (89,487) (165,985) Miscellaneous - 32,189 - - Total Revenues 2,576,826 6,782,949 3,827,609 3,076,944 Expenditures:

Current:

General government - - - - Public safety - - - - Development services 1,310,020 3,707,806 2,036,886 101,077 Capital outlay - 17,143 - - Debt service:

Principal retirement 20,000 65,035 - - Interest and fiscal charges 214 - - - Total Expenditures 1,330,234 3,789,984 2,036,886 101,077 Excess (Deficiency) of Revenues
Over (Under) Expenditures 1,246,592 2,992,965 1,790,723 2,975,867 Other Financing Sources (Uses):

Transfers in 31,220 173,250 3,250 2,750 Transfers out (1,292,361) (1,357,630) (133,492) (5,809,473) Total Other Financing Sources
(Uses) (1,261,141) (1,184,380) (130,242) (5,806,723) Net Change in Fund Balances (14,549) 1,808,585 1, 660,481 (2, 830,856) Fund Balances, Beginning of Year 1,021,496 2,868,139 3,308,839 11,138,147 Fund Balances, End of Year 1,006,947$ 4,676,724$ 4,969,320$ 8,307,291$ Community
Development
Block Grant State Gas Tax Proposition A Proposition C Special Revenue Funds
166

CITY OF POMONA

COMBINING STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCE

NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022

Revenues:

Taxes
Special assessments
Licenses, permits and fees
Intergovernmental
Charges for services
Use of money and properties
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Development services
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year

(CONTINUED)
18,254$ - $ - $ -$ - - 1,254,821 - - - - - - 195,556 - 690,948 78,210 - - - 425,610 (8,419) 4,104 15,376 - - 1,600 12,237 522,074 187,137 1,260,525 718,561 622,802 - - - - - - 443,212 - 58,559 1,445,358 - - - - 97,512 - - - - - - - - 622,802 58,559 1,445,358 540,724 (100,728) 128,578 (184,833) 177,837 4,250 500 8,750 - - (73,939) - - 4,250 (73,439) 8,750 - (96,478) 55,139 ( 176,083) 177,837 2,140,658 479,149 686,329 1,394,452 2,044,180$ 534,288 $ 510,246 $ 1,572,289$ Vehicle
Parking
District
Air Quality
Improvement
Landscape
Maintenance
District
Asset
Forfeiture
Special Revenue Funds
167

CITY OF POMONA

COMBINING STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCE

NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022

Revenues:

Taxes
Special assessments
Licenses, permits and fees
Intergovernmental
Charges for services
Use of money and properties
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Development services
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year

-$ - $ - $ - $ - - - - - - - 569,399 - 2,431,805 2, 751,867 - 174,825 - - - 4,309 (69,630) (61,185) (76,301) 8,105 - - - 187,239 2,362,175 2,690,682 493,098 - - - - 61,665 - - - - 1,441,951 1, 239,957 12,376 13,852 - 18,528 - - - - - - - - - 75,517 1,441,951 1, 258,485 12,376 111,722 920,224 1,432,197 480,722 - 39,250 39,500 - - (307,286) (205,203) - - (268,036) (165,703) - 111,722 652,188 1,266,494 480,722 506,751 3,245,439 2,126,071 2,545,135 618,473$ 3,897,627$ 3,392,565$ 3,025,857$ Measure M Special Fees
Traffic
Offender Measure R
Special Revenue Funds
168

CITY OF POMONA

COMBINING STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCE

NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022

Revenues:

Taxes
Special assessments
Licenses, permits and fees
Intergovernmental
Charges for services
Use of money and properties
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Development services
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year

(CONTINUED)
-$ - $ - $ 993,404$ - - - - 135,047 - - - - 238,645 299,989 - - - - - (11,660) - (1,493) (116,639) - - - - 123,387 238,645 298,496 876,765 - - - - - 239,245 - - - - - 246,933 12,219 - - - - - - - - - - - 12,219 239,245 - 246,933 111,168 (600) 298,496 629,832 - 600 - - - - - (769,660) - 600 - (769,660) 111,168 - 298,496 (139,828) 386,549 - 420,314 - 497,717$ -$ 718,810$ (139,828)$ Measure W PEG Fee
OATH
Initiative
Fairplex
Mitigation
Fund
Special Revenue Funds
169

CITY OF POMONA

COMBINING STATEMENT OF REVENUES,

EXPENDITURES AND CHANGES IN FUND BALANCE

NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022

Revenues:

Taxes
Special assessments
Licenses, permits and fees
Intergovernmental
Charges for services
Use of money and properties
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Development services
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year

Special Revenue
Funds
Capital Projects
Funds
Total Nonmajor
Governmental
Funds
216,240$ - $ 1, 227,898$ - - 1, 254,821 - - 704,446 - - 23,147,463 - - 253,035 - 7,557 (194,885) - - 54,131 216,240 7,557 26,446,909 - - 622,802 - - 744,122 - - 11,600,923 - - 159,254 - - 85,035 - - 214 - - 13,212,350 216,240 7,557 13,234,559 - - 303,320 - (37,929) (9,986,973) - (37,929) (9,683,653) 216,240 (30,372) 3, 550,906 - 44,233 32,311,701 216,240$ 13,861 $ 35,862,607 $ Assessment
District
Improvement
Cannabis
Community
Benefit Fund
170

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

COMMUNITY DEVELOPMENT BLOCK GRANT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,021,496$ 1,021,496$ 1,021,496$ -$ Resources (Inflows):

Intergovernmental 4,637,539 4,517,539 2,547,581 (1,969,958) Charges for services 15,472 15,472 - (15,472) Use of money and properties 875 875 29,245 28,370 Transfers in 31,220 31,220 31,220 - Amounts Available for Appropriations 5,706,602 5,586,602 3,629,542 (1,957,060) Charges to Appropriation (Outflow):

Development services 3,477,018 3,407,795 1,310,020 2,097,775 Debt service:

Principal retirement 10,000 10,000 20,000 (10,000) Interest and fiscal charges 3,000 3,000 214 2,786 Transfers out 1,146,763 1,146,763 1,292,361 (145,598) Total Charges to Appropriations 4,636,781 4,567,558 2,622,595 1,944,963 Budgetary Fund Balance, June 30 1,069,821$ 1,019,044$ 1,006,947$ (12,097)$ 171

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

STATE GAS TAX
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,868,139$ 2,868,139$ 2,868,139$ -$ Resources (Inflows):

Intergovernmental 6,661,621 6,661,621 6,831,047 169,426 Use of money and properties 31,779 31,779 (80,287) (112,066) Miscellaneous 36,600 36,600 32,189 (4,411) Transfers in 222,960 222,960 173,250 (49,710) Amounts Available for Appropriations 9,821,099 9,821,099 9,824,338 3,239 Charges to Appropriation (Outflow):

Development services 4,076,282 4,076,282 3,707,806 368,476 Capital outlay 20,000 20,000 17,143 2,857 Debt service:

Principal retirement 68,400 68,400 65,035 3,365 Transfers out 3,317,239 3,317,239 1,357,630 1,959,609 Total Charges to Appropriations 7,481,921 7,481,921 5,147,614 2,334,307 Budgetary Fund Balance, June 30 2,339,178$ 2,339,178$ 4,676,724$ 2,337,546$ 172

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

PROPOSITION A
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,308,839$ 3,308,839$ 3,308,839$ -$ Resources (Inflows):

Intergovernmental 3,010,000 3,010,000 3,917,096 907,096 Use of money and properties 26,083 26,083 (89,487) (115,570) Transfers in 3,250 3,250 3,250 - Amounts Available for Appropriations 6,348,172 6,348,172 7,139,698 791,526 Charges to Appropriation (Outflow):

Development services 3,285,300 3,285,300 2,036,886 1,248,414 Transfers out - - 133,492 (133,492) Total Charges to Appropriations 3,285,300 3,285,300 2,170,378 1,114,922 Budgetary Fund Balance, June 30 3,062,872$ 3,062,872$ 4,969,320$ 1,906,448$ 173

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

PROPOSITION C
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 11,138,147$ 11,138,147$ 11,138,147$ -$ Resources (Inflows):

Intergovernmental 2,400,000 2,400,000 3,242,929 842,929 Use of money and properties 92,179 92,179 (165,985) (258,164) Transfers in 2,750 2,750 2,750 - Amounts Available for Appropriations 13,633,076 13,633,076 14,217,841 584,765 Charges to Appropriation (Outflow):

Development services 122,789 122,789 101,077 21,712 Transfers out 2,610,667 2,610,667 5,809,473 (3,198,806) Total Charges to Appropriations 2,733,456 2,733,456 5,910,550 (3,177,094) Budgetary Fund Balance, June 30 10,899,620$ 10,899,620$ 8,307,291$ (2,592,329)$ 174

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

VEHICLE PARKING DISTRICT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,140,658$ 2,140,658$ 2,140,658$ -$ Resources (Inflows):

Taxes 15,105 15,105 18,254 3,149 Charges for services 117,000 117,000 78,210 (38,790) Use of money and properties 405,599 405,599 425,610 20,011 Transfers in 4,250 4,250 4,250 - Amounts Available for Appropriations 2,682,612 2,682,612 2,666,982 (15,630) Charges to Appropriation (Outflow):

General government 236,894 221,894 622,802 (400,908) Transfers out 571,195 571,195 - 571,195 Total Charges to Appropriations 808,089 793,089 622,802 170,287 Budgetary Fund Balance, June 30 1,874,523$ 1,889,523$ 2,044,180$ 154,657$ 175

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

AIR QUALITY IMPROVEMENT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 479,149$ 479,149$ 479,149$ -$ Resources (Inflows):

Intergovernmental 199,000 199,000 195,556 (3,444) Use of money and properties 2,251 2,251 (8,419) (10,670) Transfers in 50,500 50,500 500 (50,000) Amounts Available for Appropriations 730,900 730,900 666,786 (64,114) Charges to Appropriation (Outflow):

Development services 113,284 113,284 58,559 54,725 Capital outlay 131,763 131,763 - 131,763 Transfers out - - 73,939 (73,939) Total Charges to Appropriations 245,047 245,047 132,498 112,549 Budgetary Fund Balance, June 30 485,853$ 485,853$ 534,288$ 48,435$ 176

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

LANDSCAPE MAINTENANCE DISTRICT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 686,329$ 686,329$ 686,329$ -$ Resources (Inflows):

Special assessments 1,216,250 1,216,250 1,254,821 38,571 Use of money and properties 6,908 6,908 4,104 (2,804) Miscellaneous - - 1,600 1,600 Transfers in 8,750 8,750 8,750 - Amounts Available for Appropriations 1,918,237 1,918,237 1,955,604 37,367 Charges to Appropriation (Outflow):

Development services 1,533,179 1,533,179 1,445,358 87,821 Total Charges to Appropriations 1,533,179 1,533,179 1,445,358 87,821 Budgetary Fund Balance, June 30 385,058$ 385,058$ 510,246$ 125,188$ 177

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

ASSET FORFEITURE
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 1,394,452$ 1,394,452$ 1,394,452$ -$ Resources (Inflows):

Intergovernmental 652,000 652,000 690,948 38,948 Charges for services 6,000 6,000 - (6,000) Use of money and properties 16,065 16,065 15,376 (689) Miscellaneous - - 12,237 12,237 Amounts Available for Appropriations 2,068,517 2,068,517 2,113,013 44,496 Charges to Appropriation (Outflow):

Public safety 719,863 712,863 443,212 269,651 Capital outlay 101,053 108,053 97,512 10,541 Total Charges to Appropriations 820,916 820,916 540,724 280,192 Budgetary Fund Balance, June 30 1,247,601$ 1,247,601$ 1,572,289$ 324,688$ 178

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

TRAFFIC OFFENDER
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 506,751$ 506,751$ 506,751$ -$ Resources (Inflows):

Charges for services 265,777 265,777 174,825 (90,952) Use of money and properties 3,527 3,527 4,309 782 Miscellaneous - - 8,105 8,105 Amounts Available for Appropriations 776,055 776,055 693,990 (82,065) Charges to Appropriation (Outflow):

Public safety 179,550 179,550 61,665 117,885 Capital outlay 85,000 85,000 13,852 71,148 Total Charges to Appropriations 264,550 264,550 75,517 189,033 Budgetary Fund Balance, June 30 511,505$ 511,505$ 618,473$ 106,968$ 179

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

MEASURE R
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 3,245,439$ 3,245,439$ 3,245,439$ -$ Resources (Inflows):

Intergovernmental 1,900,000 1,900,000 2,431,805 531,805 Use of money and properties 27,770 27,770 (69,630) (97,400) Transfers in 39,250 39,250 39,250 - Amounts Available for Appropriations 5,212,459 5,212,459 5,646,864 434,405 Charges to Appropriation (Outflow):

Development services 1,616,374 1,616,374 1,441,951 174,423 Transfers out 1,152,093 1,152,093 307,286 844,807 Total Charges to Appropriations 2,768,467 2,768,467 1,749,237 1,019,230 Budgetary Fund Balance, June 30 2,443,992$ 2,443,992$ 3,897,627$ 1,453,635$ 180

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

MEASURE M
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,126,071$ 2,126,071$ 2,126,071$ -$ Resources (Inflows):

Intergovernmental 2,200,000 2,200,000 2,751,867 551,867 Use of money and properties 12,684 12,684 (61,185) (73,869) Transfers in 39,500 39,500 39,500 - Amounts Available for Appropriations 4,378,255 4,378,255 4,856,253 477,998 Charges to Appropriation (Outflow):

Development services 1,543,226 1,542,855 1,239,957 302,898 Capital outlay 224,458 224,458 18,528 205,930 Transfers out 1,707,620 1,707,620 205,203 1,502,417 Total Charges to Appropriations 3,475,304 3,474,933 1,463,688 2,011,245 Budgetary Fund Balance, June 30 902,951$ 903,322$ 3,392,565$ 2,489,243$ 181

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

SPECIAL FEES
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 2,545,135$ 2,545,135$ 2,545,135$ -$ Resources (Inflows):

Special assessments 301,200 301,200 569,399 268,199 Use of money and properties - - (76,301) (76,301) Amounts Available for Appropriations 2,846,335 2,846,335 3,038,233 191,898 Charges to Appropriation (Outflow):

Development services 700,000 700,000 12,376 687,624 Total Charges to Appropriations 700,000 700,000 12,376 687,624 Budgetary Fund Balance, June 30 2,146,335$ 2,146,335$ 3,025,857$ 879,522$ 182

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

PEG FEE
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 386,549$ 386,549$ 386,549$ -$ Resources (Inflows):

Licenses, permits and fees 100,000 100,000 135,047 35,047 Use of money and properties - - (11,660) (11,660) Amounts Available for Appropriations 486,549 486,549 509,936 23,387 Charges to Appropriation (Outflow):

Capital outlay 48,600 48,600 12,219 36,381 Total Charges to Appropriations 48,600 48,600 12,219 36,381 Budgetary Fund Balance, June 30 437,949$ 437,949$ 497,717$ 59,768$ 183

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

OATH INITIATIVE
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 -$ -$ -$ -$ Resources (Inflows):

Intergovernmental 1,008,600 1,008,600 238,645 (769,955) Transfers in 600 600 600 - Amounts Available for Appropriations 1,009,200 1,009,200 239,245 (769,955) Charges to Appropriation (Outflow):

Public safety 1,009,200 1,009,200 239,245 769,955 Total Charges to Appropriations 1,009,200 1,009,200 239,245 769,955 Budgetary Fund Balance, June 30 -$ -$ -$ -$ 184

CITY OF POMONA

BUDGETARY COMPARISON SCHEDULE

MEASURE W
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 -$ -$ -$ -$ Resources (Inflows):

Taxes 5,274,745 5,274,745 993,404 (4,281,341) Use of money and property - - ( 116,639) (116,639) Amounts Available for Appropriation 5,274,745 5,274,745 876,765 (4,397,980) Charges to Appropriation (Outflow):

Community development 318,261 318,261 246,933 71,328 Transfers out 4,281,355 4,561,355 769,660 3,791,695 Total Charges to Appropriations 4,599,616 4,879,616 1,016,593 3,863,023 Budgetary Fund Balance, June 30 675,129$ 395,129$ (139,828)$ (534,957)$ 185
7+,63$*(,17(17,21$//</()7%/$1.
186

,17(51$/6(59,&()81'6

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CITY OF POMONA

COMBINING STATEMENT OF NET POSITION

INTERNAL SERVICE FUNDS
JUNE 30, 2022
Assets:

Current:

Cash and investments 10,603,335$ 924,062$ 524,309$ -$ Receivables:

Interest 69,372 - - - Inventories - 479,615 - - Total Current Assets 10,672,707 1,403,677 524,309 - Noncurrent:

Net pension asset 599,891 1,478,802 1,078,874 - Capital assets - net of accumulated depreciation 6,094 110,087 133,532 - Total Noncurrent Assets 605,985 1,588,889 1,212,406 - Total Assets 11,278,692 2,992,566 1,736,715 - Deferred Outflows of Resources:

Deferred outflows of resources related to pensions 35,267 86,937 63,425 - Deferred outflows of resources related to
other postemployment benefits 70,153 290,971 157,540 - Total Deferred Outflows of Resources 105,420 377,908 220,965 - Liabilities:

Current:

Accounts payable 89,850 327,022 80,420 1,503 Due to other funds - - - 58,027 Payroll payable 13,824 31,320 22,251 - Compensated absences, due within one year - 208,129 - - Claims and judgements, due within one year 14,592,000 - - - Long-term debt, due in one year 29,583 93,635 62,695 - Total Current Liabilities 14,725,257 660,106 165,366 59,530 Noncurrent:

Claims and judgements, due in more than one year 24,670,949 - - - Long-term debt, due in more than one year 865,367 2,739,003 1,833,941 - Total other postemployment benefit liability 636,750 2,641,007 1,429,918 - Total Noncurrent Liabilities 26,173,066 5,380,010 3,263,859 - Total Liabilities 40,898,323 6,040,116 3,429,225 59,530 Deferred Inflows of Resources:

Deferred inflows of resources related to pensions 457,437 1,127,635 822,677 - Deferred inflows of resources related to
other postemployment benefits 23,407 97,085 52,565 - Total Deferred Inflows of Resources 480,844 1,224,720 875,242 - Net Position:

Investment in capital assets 6,094 110,087 133,532 - Unrestricted (30,001,149) (4,004,449) (2,480,319) (5 9,530) Total Net Position (29,995,055)$ (3,894,362) $ (2,346,787) $ (59,530) $ Printing/Mail
Services
Governmental Activities - Internal Service Funds
Self-
Insurance
Equipment
Maintenance
Information
Technology
188

CITY OF POMONA

COMBINING STATEMENT OF NET POSITION

INTERNAL SERVICE FUNDS
JUNE 30, 2022
Assets:

Current:

Cash and investments
Receivables:

Interest
Inventories
Total Current Assets
Noncurrent:

Net pension asset
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
other postemployment benefits
Total Deferred Outflows of Resources
Liabilities:

Current:

Accounts payable
Due to other funds
Payroll payable
Compensated absences, due within one year
Claims and judgements, due within one year
Long-term debt, due in one year
Total Current Liabilities
Noncurrent:

Claims and judgements, due in more than one year
Long-term debt, due in more than one year
Total other postemployment benefit liability
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources:

Deferred inflows of resources related to pensions
Deferred inflows of resources related to
other postemployment benefits
Total Deferred Inflows of Resources
Net Position:

Investment in capital assets
Unrestricted
Total Net Position
Totals
-$ - $ 12,051,706$ - - 69,372
- - 479,615
- - 12,600,693 - - 3, 157,567 - - 249,713
- - 3, 407,280 - - 16,007,973 - - 185,629
- - 518,664
- - 704,293
61,828 - 560,623
396,035 - 454,062
- - 67,395
- - 208,129
- - 14,592,000 - - 185,913
457,863 - 16,068,122
- - 24,670,949 - - 5, 438,311 - - 4, 707,675 - - 34,816,935 457,863 - 50,885,057
- - 2, 407,749 - - 173,057
- - 2, 580,806 - - 249,713
(457,863) - (3 7,003,310) (457,863)$ - $ (36 ,753,597)$
Payroll
Pension
Obligation
Governmental Activities - Internal Service Funds
189

CITY OF POMONA

COMBINING STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN FUND NET POSITION

INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2022
Operating Revenues:

Interdepartmental charges 5,234,057$ 4,356,128$ 1,877,302$ 33,807$ Miscellaneous 1,080,238 - - - Total Operating Revenues 6,314,295 4,356,128 1,877,302 33,807 Operating Expenses:

Personnel services 262 1,199,793 885,793 131 Operations (6,094) 2,612,198 801,451 33,676 Claims expense 14,402,840 - - - Depreciation expense - 16,242 23,789 - Total Operating Expenses 14,397,008 3,828,233 1,711,033 33,807 Operating Income (Loss) (8,082,713) 527,895 166,269 - Nonoperating Revenues:

Investment income (60,565) - - - Interest expense 326 1,032 691 - Gain (loss) on disposal of capital assets - 4,000 - - Total Nonoperating Revenues (60,239) 5,032 691 - Income (Loss) Before Transfers (8,142,952) 532,927 166,960 - Transfers in 8,250 349,279 226,632 - Transfers out - - - - Changes in Net Position (8,134,702) 882,206 393,592 - Net Position:

Beginning of Year (21,860,353) (4,776,568) (2,740,379) (59,530) End of Fiscal Year (29,995,055)$ (3,894,362)$ (2,346,787)$ (59,530)$ Information
Technology
Printing/Mail
Services
Governmental Activities - Internal Service Funds
Self-
Insurance
Equipment
Maintenance
190

CITY OF POMONA

COMBINING STATEMENT OF REVENUES, EXPENSES

AND CHANGES IN FUND NET POSITION

INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2022
Operating Revenues:

Interdepartmental charges
Miscellaneous
Total Operating Revenues
Operating Expenses:

Personnel services
Operations
Claims expense
Depreciation expense
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues:

Investment income
Interest expense
Gain (loss) on disposal of capital assets
Total Nonoperating Revenues
Income (Loss) Before Transfers
Transfers in
Transfers out
Changes in Net Position
Net Position:

Beginning of Year
End of Fiscal Year
Totals
37,317,454$ 7,649,567 $ 56,468,315 $
- - 1, 080,238 37,317,454 7,649,567 57,548,553
38,167,608 - 40,253,587
- - 3, 441,231 - - 14,402,840 - - 40,031
38,167,608 - 58,137,689
(850,154) 7,649,567 ( 589,136)
- - (60,565) - - 2,049
- - 4,000
- - (54,516) (850,154) 7,649,567 ( 643,652)
- - 584,161
- (7, 649,567) (7, 649,567)
(850,154) - (7, 709,058)
392,291 - ( 29,044,539)
(457,863)$ - $ ( 36,753,597)$
Payroll
Pension
Obligation
Governmental Activities - Internal Service Funds
191

CITY OF POMONA

COMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Cash received from customers and users 6,314,886$ 4,356,128$ 1,883,439$ 33,807$ Cash paid to suppliers for goods and services (6,196,649) (2,675,319) (761,586) (36,119) Cash paid for general and administrative expenses (78,382) (1,598,309) (1,109,586) (131) Net Cash Provided (Used) by Operating Activities 39,855 82,500 12,267 (2,443) Cash Flows from Non-Capital
Financing Activities:

Cash transfers out - - - - Cash transfers in 8,250 349,279 226,632 - Repayment made to other funds - - - 2,443 Net Cash Provided (Used) by
Non-Capital Financing Activities 8,250 349,279 226,632 2,443 Cash Flows from Capital
and Related Financing Activities:

Acquisition and construction of capital assets (6,094) - (60,817) - Proceeds from sales of capital assets - 4,000 - - Net Cash Provided (Used) by
Capital and Related Financing Activities (6,094) 4,000 ( 60,817) - Cash Flows from Investing Activities:

Interest received (83,644) - - - Net Cash Provided (Used) by
Investing Activities (83,644) - - - Net Increase (Decrease) in Cash
and Cash Equivalents (41,633) 435,779 178,082 - Cash and Cash Equivalents at Beginning of Year 10,644,968 488,283 346,227 - Cash and Cash Equivalents at End of Year 10,603,335$ 924,062$ 524,309$ -$ Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:

Operating income (loss) (8,082,713)$ 527,895$ 166,269$ -$ Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:

Depreciation - 16,242 23,789 - (Increase) decrease in accounts receivable 591 - 6,137 - (Increase) decrease in prepaid items - - - 1,438 (Increase) decrease in inventories - (106,323) - - (Increase) decrease in deferred outflows
of resources related to pensions 1,040,586 2,934,059 1,984,999 - (Increase) decrease in deferred outflows
of resources related to other postemployment benefits 11,560 92,732 41,814 - Increase (decrease) in accounts payable 43,316 43,202 39,865 (3,881) Increase (decrease) in payroll payable (2,951) (8,788) (8,734) - Increase (decrease) in claims and judgments 8,156,781 - - - Increase (decrease) in compensated absences - (6) - - Increase (decrease) in net other postemployment benefit liability 18,053 (264,218) (79,499) - Increase (decrease) in net pension liability (1,607,281) (4,307,554) (2,996,945) - Increase (decrease) in deferred inflows
of resources related to pensions 447,143 1,098,730 803,077 - Increase (decrease) in deferred inflows
of resources related to other postemployment benefits 14,770 56,529 31,495 - Total Adjustments 8,122,568 (445,395) ( 154,002) (2 ,443) Net Cash Provided (Used) by
Operating Activities 39,855$ 82,500$ 12,267$ (2,443)$ Printing/Mail
Services
Governmental Activities - Internal Service Funds
Self-
Insurance
Equipment
Maintenance
Information
Technology
192

CITY OF POMONA

COMBINING STATEMENT OF CASH FLOWS

INTERNAL SERVICE FUNDS
YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:

Cash transfers out
Cash transfers in
Repayment made to other funds
Net Cash Provided (Used) by
Non-Capital Financing Activities
Cash Flows from Capital
and Related Financing Activities:

Acquisition and construction of capital assets
Proceeds from sales 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
Net Increase (Decrease) in Cash
and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:

Operating income (loss)
Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:

Depreciation
(Increase) decrease in accounts receivable
(Increase) decrease in prepaid items
(Increase) decrease in inventories
(Increase) decrease in deferred outflows
of resources related to pensions
(Increase) decrease in deferred outflows
of resources related to other postemployment benefits
Increase (decrease) in accounts payable
Increase (decrease) in payroll payable
Increase (decrease) in claims and judgments
Increase (decrease) in compensated absences
Increase (decrease) in net other postemployment benefit liability Increase (decrease) in net pension liability
Increase (decrease) in deferred inflows
of resources related to pensions
Increase (decrease) in deferred inflows
of resources related to other postemployment benefits
Total Adjustments
Net Cash Provided (Used) by
Operating Activities
Totals
37,317,454$ 7,649,567 $ 57,555,281 $
51,874 - (9,6 17,799)
(38,167,608) - (4 0,954,016)
(798,280) 7,649,567 6, 983,466
- (7, 649,567) (7,6 49,567)
- - 584,161
396,035 - 398,478
396,035 (7,6 49,567) (6,6 66,928)
- - ( 66,911) - - 4,000
- - ( 62,911) - - ( 83,644) - - ( 83,644) (402,245) - 169,983
402,245 - 11,881,723
-$ - $ 12,051,706$ (850,154)$ 7,649,567 $ (589,136) $
- - 40,031
- - 6,728
- - 1,438
- - ( 106,323) - - 5, 959,644 - - 146,106
51,874 - 174,376
- - ( 20,473) - - 8, 156,781 - - (6)
- - ( 325,664) - - (8,9 11,780) - - 2, 348,950 - - 102,794
51,874 - 7, 572,602
(798,280)$ 7,649,567 $ 6,983,466 $
Payroll
Pension
Obligation
Governmental Activities - Internal Service Funds
193
7+,63$*(,17(17,21$//</()7%/$1.
194

67$7,67,&$/6(&7,21
195
7+,63$*(,17(17,21$//</()7%/$1.
196

67$7,67,&$/6(&7,21
81$8',7('

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198
City of Pomona Schedule 1
Net Position by Component
Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Governmental activities:

Net investment in
capital assets 266,340,326$ 239,862,742$ 232,263,791$ 224,471,223$ 234,174,328$ 239,698,525$ 246,211,473$ 249,865,379$ 266,039,124$ 225,279,591$ Restricted 94,797,810 91,110,197 138,440,707 116,594,550 73,828,441 76,492,595 78,464,005 73,644,455 78,568,882 154,307,326 Unrestricted (88,955,872) (66,485,308) (255,237,644) (227,001,243) (241,201,601) (257,496,100) (263,613,107) (276,437,035) (306,914,581) (316,498,645) Total governmental
activities net position 272,182,264$ 264,487,631 $ 115,466,854 $ 114,064,530 $ 66,801,168 $ 58,695,020 $ 61,062,371 $ 47,072,799 $ 37,693,425 $ 63,088,272$ Business-type activities:

Net investment in
capital assets 40,774,712$ 43,825,224$ 42,086,156$ 42,988,769$ 47,223,963$ 49,968,356$ 50,227,346$ 52,662,674$ 59,159,108$ 58,873,617$ Restricted 14,805,693 32,725,153 28,900,238 23,984,978 1,885,849 7,352,171 7,474,831 7,526,741 - Unrestricted 42,671,686 23,144,683 15,566,032 25,022,337 22,446,812 15,446,370 18,984,171 24,753,618 29,670,621 42,862,852 Total business-type
activities net position 98,252,091$ 99,695,060 $ 86,552,426 $ 91,996,084 $ 71,556,624 $ 72,766,897 $ 76,686,348 $ 84,943,033 $ 88,829,729 $ 101,736,469$ Primary government:

Net investment in
capital assets 307,115,038$ 283,687,966$ 274,349,947$ 267,459,992$ 281,398,291$ 289,666,881$ 296,438,819$ 302,528,053$ 325,198,232$ 284,153,208$ Restricted 109,603,503 123,835,350 167,340,945 140,579,528 75,714,290 83,844,766 85,938,836 81,171,196 78,568,882 154,307,326 Unrestricted (46,284,186) (43,340,625) (239,671,612) (201,978,906) (218,754,789) (242,049,730) (244,628,936) (251,683,417) (277,243,960) (276,635,793) Total primary
government net position 370,434,355$ 364,182,691 $ 202,019,280$ 206,060,614$ 138,357,792$ 131,461,917$ 137,748,719$ 132,015,832$ 126,523,154$ 161,824,741$ Fiscal Year
199
City of Pomona Schedule 2
Changes in Net Position
Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Expenses
Governmental activities:

General government 7,499,578 $ 5,583,709 $ 5,559,844 $ 7,562,244 $ 6,469,953 $ 17,361,635 $ 18,396,137 $ 9,102,528 $ 55,348,138 $ 4,356,429$ Public safety 62,632,820 66,570,974 67,614,853 68,882,651 80,253,767 90,198,911 88,946,880 105,018,750 84,002,230 91,066,227 Urban development 36,407,420 47,913,493 42,134,924 43,544,386 42,113,740 39,353,774 46,536,121 58,913,340 44,459,455 61,937,835 Neighborhood services 14,858,140 6,181,264 6,151,817 7,853,695 7,410,753 7,624,657 7,399,533 5,800,930 2,052,663 5,713,662 Interest on long-term debt 7,997,227 5,364,960 5,252,517 5,027,126 5,225,017 4,011,254 2,941,398 3,197,362 6,985,609 12,583,888 Total governmental activities 129,395,185 131,614,400 126,713,955 132,870,102 141,473,230 158,550,231 164,220,069 182,032,910 192,848,095 175,658,041 Business-type activities:

Water 28,242,875 29,585,491 27,125,628 25,763,116 28,440,029 30,919,855 27,912,991 28,007,704 33,815,407 33,122,484 Sewer 8,544,029 4,164,990 3,962,091 4,026,081 3,792,538 4,067,892 4,379,232 2,747,675 4,077,798 3,548,204 Refuse 8,403,397 8,562,818 8,467,884 8,028,531 9,443,548 10,197,844 9,934,035 9,955,161 11,274,763 9,905,436 Canon Water Company 25,163 18,154 26,747 21,080 19,718 29,972 26,695 28,741 12,213 15,334 Pomona Choice Energy Authority - - - - - - - 833,607 9,999,345 35,805,533 Total business-type activities 45,215,464 42,331,453 39,582,350 37,838,808 41,695,833 45,215,563 42,252,953 41,572,888 59,179,526 82,396,991 Total primary
government expenses 174,610,649$ 173,945,853 $ 166,296,305 $ 170,708,910 $ 183,169,063 $ 203,765,794 $ 206,473,022 $ 223,605,798 $ 252,027,621 $ 258,055,032 $ Program Revenues
Governmental activities:

Charges for services:

Police revenues 3,066,121 $ 3,316,768 $ 3,488,416 $ 3,376,174 $ 3,205,255 $ 3,468,394 $ 2,932,265 $ 1,648,147 $ 1,939,445 $ 2,510,365$ Plan check fees 1,017,684 816,046 778,349 1,219,738 988,963 866,034 1,110,162 1,282,955 1,339,362 2,367,716 Building permits 937,070 1,107,049 1,093,143 2,353,704 1,790,114 1,925,425 2,108,774 2,058,052 1,541,953 2,118,063 Graffiti abatement 552,417 567,499 566,547 568,757 566,597 556,879 18,721 - - - Street sweeping fees 462,461 475,665 474,722 476,646 474,051 465,927 15,030 - - - Maintenance assessment fees 1,229,659 1,193,066 1,213,094 1,176,050 1,200,732 1,191,903 1,216,193 1,218,872 1,252,382 1,254,821 All other 9,066,076 6,014,243 6,708,617 8,100,519 5,900,327 5,667,496 6,502,456 27,387,658 17,540,264 20,313,269 Operating contributions and grants 20,548,119 19,501,511 17,564,805 16,994,223 29,965,692 35,876,846 45,323,992 30,066,570 33,900,809 34,109,034 Capital contributions and grants 15,442,436 12,758,089 12,627,464 11,413,949 8,071,688 8,191,910 6,477,530 14,964,309 14,909,220 20,129,121 Total governmental
activities program revenues 52,322,043 45,749,936 44,515,157 45,679,760 52,163,419 58,210,814 65,705,123 78,626,563 72,423,435 82,802,389 Business-type activities:

Charges for services:

Water 30,633,205 31,611,142 29,888,243 28,189,546 29,239,473 29,713,762 30,537,806 32,467,193 37,712,920 41,466,399 Sewer 4,461,575 4,684,934 4,733,661 4,425,247 4,291,847 4,312,373 4,795,076 5,557,690 6,575,382 7,220,461 Refuse 9,107,603 9,561,681 9,523,134 9,692,936 10,071,188 10,104,225 10,600,103 10,889,767 11,089,435 11,552,713 Canon Water Company 64,221 64,221 64,221 64,221 64,221 64,221 - - - - Pomona Choice Energy Authority - - - - - - - - 10,578,321 34,839,553 Operating contributions and grants 46,588 42,833 42,052 45,841 396,147 4,137,026 83,280 41,458 17,006 873,544 Capital contributions and grants - - - - - - - - - - Total business-type
activities program revenues 44,313,192 45,964,811 44,251,311 42,417,791 44,062,876 48,331,607 46,016,265 48,956,108 65,973,064 95,952,670 Total primary government
program revenues 96,635,235$ 91,714,747 $ 88,766,468 $ 88,097,551 $ 96,226,295 $ 106,542,421 $ 111,721,388 $ 127,582,671 $ 138,396,499 $ 178,755,059 $ Fiscal Year
200
City of Pomona Schedule 2
Changes in Net Position, Continued
Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Net (Expense)/Revenue
Governmental activities (77,073,142)$ (85,864,464)$ (82,198,798)$ (87,190,342)$ (89,309,811)$ (100,339,417)$ (98,514,946)$ (103,406,347)$ (120,424,660)$ (92,855,652)$ Business-type activities (902,272) 3,633,358 4,668,961 4,578,983 2,367,043 3,116,044 3,763,312 7,383,220 6,793,538 13,555,679 Total primary
government net expense (77,975,414)$ (82,231,106)$ (77,529,837)$ (82,611,359)$ (86,942,768)$ (97,223,373)$ (94,751,634)$ (96,023,127)$ (113,631,122)$ (79,299,973)$ General Revenues and
Other Changes in Net Position
Governmental activities:

Taxes:

Property taxes 32,143,878$ 33,630,550$ 36,408,806$ 33,716,887$ 33,649,454$ 35,564,811$ 39,212,060$ 38,634,967$ 44,131,198$ 44,838,946$ Sales taxes 12,354,719 12,040,357 13,544,946 15,171,472 18,135,287 18,913,339 22,239,249 30,407,998 34,340,732 42,229,675 Motor vehicle licenses 69,443 - 67,079 61,498 69,708 81,751 74,731 122,129 113,548 174,812 Transient occupancy taxes 1,473,662 1,560,682 1,568,387 1,723,719 2,101,946 2,183,989 2,514,809 2,431,755 2,181,603 2,593,896 Property transfer taxes 1,475,856 1,430,195 1,581,039 1,859,615 1,924,198 1,874,513 1,790,878 - - - Franchise taxes 5,671,708 6,029,371 6,563,245 6,425,511 6,418,863 6,630,484 4,921,153 4,942,288 5,134,724 5,632,845 Utility users taxes 16,941,444 17,311,594 17,465,816 16,419,345 16,022,386 16,455,057 15,897,932 15,562,762 16,542,842 18,407,292 Business licenses 3,123,120 3,171,919 3,346,851 3,408,813 3,830,673 3,762,860 4,207,458 - - - Other taxes 20,966 12,963 59,221 139,498 - 2,546 2,049 - - - Investment earnings/(expenses) 4,363,428 2,304,604 2,109,521 2,665,388 2,198,733 1,880,240 3,077,304 4,820,983 3,256,265 1,043,118 Miscellaneous 2,347,387 2,900,772 3,461,493 3,759,791 309,624 1,735,726 1,406,014 1,686,413 2,248,768 3,012,452 Gain on sale of property - - - - - - 2,576,121 - - - Extraordinary gain/(loss) on
disollution of Redevelopment Agency 804,048 (144,397) 808,340 - - - - - - - Transfers 954,698 538,371 1,011,800 (482,001) 2,710,344 3,062,886 3,047,606 3,613,692 3,092,248 (349,459) Total governmental activities 81,744,357 80,786,981 87,996,544 84,869,536 87,371,216 92,148,202 100,967,364 102,222,987 111,041,928 117,583,577 Business-type activities:

Investment earnings/(expenses) 41,890 125,696 92,349 313,933 134,138 454,394 1,672,232 1,625,955 (20,541) (1,083,110) Miscellaneous 31,677 117,000 121,408 817,020 1,709,825 692,721 1,531,513 308,401 191,297 66,107 Income (loss) on
sale of capital assets 79,312 9,205 1,965 - - - - - 14,650 18,605 Transfers (954,698) (538,371) (1,011,800) 482,001 (2,710,344) (3,062,886) (3,047,606) (3,613,692) (3,092,248) 349,459 Total business-type activities (801,819) (286,470) (796,078) 1,612,954 (866,381) (1,915,771) 156,139 (1,679,336) (2,906,842) (648,939) Total primary government 80,942,538$ 80,500,511 $ 87,200,466 $ 86,482,490 $ 86,504,835 $ 90,232,431 $ 101,123,503 $ 100,543,651 $ 108,135,086 $ 116,934,638 $ Changes in Net Position
Governmental activities 4,671,215$ (5,077,483)$ 5,797,746$ (2,320,806)$ (1,938,595)$ (8,191,215)$ 2,452,418$ (1,183,360)$ (9,382,732)$ 24,727,925$ Business-type activities (1,704,091) 3,346,888 3,872,883 6,191,937 1,500,662 1,200,273 3,919,451 5,703,884 3,886,696 12,906,740 Total primary government 2,967,124$ (1,730,595) $ 9,670,629 $ 3,871,131 $ (437,933) $ (6,990,942) $ 6,371,869 $ 4,520,524 $ (5,496,036) $ 37,634,665 $ al
201
City of Pomona Schedule 3
Fund Balances - Governmental Funds
Last Ten Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
General Fund:

Non-spendable 109,949 112,436 102,280 106,876 65,843 11,795 11,795 11,795 11,795 118,624 Restricted - - - - 8,791 17,170 6,200 6,200 - - Committed 7,316,769 12,260,809 14,467,914 15,664,972 16,151,859 16,635,397 18,158,901 19,621,727 18,472,905 21,142,339 Assigned - - - - - Unassigned - - 2,717,909 1,067,804 938,380 1,309,638 3,825,896 2,102,732 17,854,788 28,436,869 Total General Fund 7,426,718$ 12,373,245 $ 17,288,103 $ 16,839,652 $ 17,164,873 $ 17,974,000 $ 22,002,792 $ 21,742,454 $ 36,339,488 $ 49,697,832 $ All Other Governmental Funds:

Non-spendable 13,880,356 11,996,916 84,397,170 9,081 900,707 864,959 829,211 792,822 748,633 738,235 Restricted 88,633,395 86,119,256 54,043,537 116,479,028 144,882,213 148,814,041 145,131,994 144,365,622 146,478,855 154,307,326 Committed - - - - - - - - - - Assigned - - - - - - - - - - Unassigned (41,655,762) (41,134,968) (59,893,036) (39,170,313) (76,496,881) (75,548,438) (73,096,233) (71,511,748) (69,862,012) (68,364,005) Total All Other
Governmental Funds 60,857,989$ 56,981,204 $ 78,547,671 $ 77,317,796 $ 69,286,039 $ 74,130,562 $ 72,864,972 $ 73,646,696 $ 77,365,476 $ 86,681,556 $ Fiscal Year
202
City of Pomona Schedule 4
Changes in Fund Balances - Governmental Funds
Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Revenues:

Taxes 72,063,654$ 74,894,452$ 79,325,218$ 77,688,810$ 78,376,705$ 81,805,282$ 87,085,055$ 97,789,234$ 108,435,988$ 121,189,798 Special assessments 1,229,658 1,193,067 1,213,093 1,176,050 1,200,732 1,191,903 1,216,193 1,218,873 1,252,382 1,254,821 Licenses and permits 5,770,483 6,637,168 6,569,523 9,416,790 11,515,855 10,739,196 10,723,301 8,143,508 5,823,609 10,366,843 Intergovernmental 35,229,918 32,189,819 30,287,748 27,724,855 27,086,788 34,680,502 42,419,256 44,100,666 52,180,078 59,693,269 Charges for services 4,619,080 4,145,014 4,009,626 4,633,898 3,709,494 5,013,473 4,543,629 4,242,129 2,819,216 4,186,983 Interest and rentals 4,364,959 2,294,343 2,098,902 2,605,626 3,114,537 3,012,296 4,064,868 4,012,539 3,302,464 1,097,634 Fines and forfeitures 1,960,621 2,119,972 2,063,417 2,055,615 2,206,305 2,295,944 2,404,584 2,292,894 1,531,634 2,283,651 Loans repaid - - - - - - - - - - Contributions and donations - - 51,581 602,278 7,691,802 4,821,406 4,812,827 10,051,756 3,838,477 295,941 Miscellaneous 5,040,269 2,329,091 3,175,185 3,266,373 2,685,309 3,782,618 2,869,736 1,581,504 1,706,153 3,968,665 Total Revenues 130,278,642 125,802,926 128,794,293 129,170,295 137,587,527 147,342,620 160,139,449 173,433,103 180,890,001 204,337,605 Expenditures:

General government 4,388,871 3,569,806 4,037,452 5,002,584 5,918,673 5,751,221 7,745,388 7,072,216 61,904,991 6,444,764 Public safety 62,362,342 65,349,307 68,400,434 71,798,453 74,843,810 77,756,206 81,083,093 88,647,348 224,302,230 93,925,458 Urban development 45,707,873 43,679,402 43,859,126 35,196,589 34,097,446 36,209,571 41,240,049 48,212,005 48,790,918 55,494,830 Neighborhood services 5,007,798 4,748,939 4,702,795 4,637,086 6,013,429 6,784,633 7,170,588 4,114,109 3,864,972 5,220,902 Capital outlay 2,040,791 1,660,811 993,126 6,851,535 20,296,897 16,821,629 19,582,343 21,428,776 13,315,340 15,627,836 Debt service:

Principal retirement 2,437,533 2,817,951 2,916,051 3,894,921 80,240,987 2,524,919 4,160,260 4,152,687 4,174,820 4,046,120 Interest and fiscal charges 7,358,464 4,974,045 4,855,160 4,627,698 5,714,773 2,788,617 3,488,941 3,447,673 6,813,470 10,913,783 Debt issuance costs - - - - - - - - 1,141,091 - Total Expenditures 129,303,672 126,800,261 129,764,144 132,008,866 227,126,015 148,636,796 164,470,662 177,074,814 364,307,832 191,673,693 Excess (Deficiency) of Revenues
Over (Under) Expenditures 974,970 (997,335) (969,851) (2,838,571) (89,538,488) (1,294,176) (4,331,213) (3,641,711) (183,417,831) 12,663,912 Other Financing Sources (Uses):

Notes and loans issued 200,000 300,000 - - 77,120,000 763,528 - - 195,304,996 - Bond premium - - - - 2,239,031 - - - - - Payments to escrow agent - - - - - - - - - - Proceeds from capital leases 695,000 - - 400,408 - 2,349,563 3,152,697 - - - Proceeds from sale of capital assets 4,529,370 1,047,249 35,530 - 1,640 148,124 - - 7,563 3,294,565 Gain/Loss - sale of land held for resal - - - - - - - - - - Transfers in 16,654,519 8,628,509 9,379,865 9,899,873 21,108,888 12,822,718 20,711,781 20,641,477 18,417,488 27,508,014 Transfers out (15,699,821) (7,764,284) (8,368,065) (9,781,874) (18,398,544) (9,578,065) (16,770,063) (17,027,785) (11,999,760) (20,792,067) Total Other Financing Sources (U 6,379,068 2,211,474 1,047,330 518,407 82,071,015 6,505,868 7,094,415 3,613,692 201,730,287 10,010,512 Extraordinary gain/(loss) on dissolution
of Redevelopment Agency (195,359) - - - - - - - - - Net Change in Fund Balances 7,158,679$ 1,214,139 $ 77,479 $ (2,320,164)$ (7,467,473) $ 5,211,692 $ 2,763,202 $ (28,019) $ 18,312,456$ 22,674,424 $ Debt service as a percentage of
noncapital expenditures 7.58% 6.15% 5.99% 6.46% 37.84% 3.57% 4.65% 4.29 % 3.33% 7.80% Fiscal Year
203
City of Pomona Schedule 5
Governmental Activities Tax Revenue by Source
Last Fiscal Ten Years (in thousands of dollars)
Fiscal Year Motor Property Utility
Ended Property Sales Vehicle Transient Transfer Users Business June 30 Tax Tax License Occupancy Tax Franchise Tax Licenses Other Total 2013 32,144 12,355 69 1,474 1,476 5,672 16,941 3,123 20 73,274 2014 33,631 12,040 - 1,561 1,430 6,029 17,312 3,172 13 75,188 2015 36,409 13,545 68 1,568 1,581 6,563 17,466 3,347 59 80,606 2016 33,717 15,171 61 1,724 1,860 6,426 16,419 3,409 139 78,926 2017 34,581 18,135 70 2,102 1,924 6,419 15,805 3,830 - 82,866 2018 35,565 18,913 82 2,184 1,875 6,630 16,455 3,763 3 85,470 2019 39,212 22,239 74 2,514 1,790 4,921 15,897 4,207 2 90,856 2020 38,635 30,408 122 2,431 1,430 4,942 15,562 4,379 2 97,911 2021 44,131 34,341 114 2,182 2,060 5,135 16,543 4,173 5 108,684 2022 44,839 42,230 (39) 2,594 174 5,632 18,407 4,591 5 118,433 Source: Numbers from the Statement of Activities
204
City of Pomona Schedule 6
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years (in thousands of dollars)
Estimated Factor of
Fiscal Year Less: Total Taxable Total Actual Taxable
Ended Residential Commercial Industr ial Unitary Unsecured Tax Exempt A ssessed Direct Tax Taxable Assessed June 30 Property Property Property Other Values Property Property (1) V alue Rate (2) Value (3) Value (3) 2013 5,679,812 1,019,770 1,178,211 884,418 655 350,896 678,279 8,435,483 0.21734 9,148,296 1.084502 2014 5,932,623 1,059,762 1,233,924 869,787 374 372,621 647,264 8,821,827 0.18781 11,575,340 1.312125 2015 6,396,012 1,070,267 1,261,918 942,134 - 379,640 814,565 9,235,406 0.19079 12,340,257 1.336190 2016 6,713,231 1,111,554 1,325,414 305,936 - 383,971 818,224 9,840,106 0.22197 10,658,330 1.339440 2017 7,072,432 1,194,489 1,517,293 367,221 - 368,869 811,349 10,520,304 0.22256 11,411,995 1.336080 2018 7,453,284 1,246,745 1,556,649 353,138 - 409,305 948,940 11,019,121 0.21967 11,968,061 1.384510 2019 7,892,684 1,285,252 1,690,716 373,330 - 414,091 960,220 11,656,073 0.22089 12,616,293 1.387900 2020 8,426,331 1,351,346 1,751,496 379,670 - 440,437 990,772 12,349,280 0.22824 13,340,052 1.445350 2021 8,880,275 1,442,903 1,862,189 398,369 - 463,116 1,041,931 13,046,852 0.22818 14,088,783 1.374350 2022 9,212,402 1,461,128 1,960,984 414,006 - 503,221 1,026,249 13,551,741 0.22614 14,577,990 1.390120 Source: Los Angeles County Assessor data, MuniServices, LLC (for years 2007 to 2015), HdL for the 2016 to 2021 years.

Prior Year values have been restated for consistency and compliance with GASB No. 44 guidelines (1) Exemptions are exclusive of home owner exemptions.
(2) Total direct tax rate is the voter approved taxes over and above the 1% Proposition 13 tax for TRA 007-790. (3) Estimated Actual Value is derived from a series of calculations comparing median assessed values from 1940 to current median sale prices. Based on these calculations a multiplier value was extrapolated and applied to current assessed values. 205
City of Pomona Schedule 7
Property Tax Rates - Direct and Overlapping Governments (Rate per $100 of assessed value)
Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Basic City and County Levy:

City of Pomona 0.233504 0.233504 0.233504 0.233504 0.233504 0.233504 0.233504 0.233504 0.233504 0.233504 Other taxing agencies 0.766496 0.766496 0.766496 0.766496 0.766496 0.766496 0.766496 0.766496 0.766496 0.766496 Total 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 Override Assessments:

County 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 Unified Schools 0.184882 0.164074 0.165993 0.297990 0.284510 0.335000 0.337670 0.372320 0.304690 0.292220 Community College 0.028957 0.020231 0.021294 0.037950 0.048060 0.046000 0.046730 0.069530 0.066160 0.094400 Flood Control 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 0.000000 Metro Water District 0.003500 0.003500 0.003500 0.003500 0.003500 0.003500 0.003500 0.003500 0.003500 0.003500 Total 0.217339 0.187805 0.190787 0.339440 0.336070 0.384500 0.387900 0.445350 0.374350 0.390120 Total Tax Rate 1.217339 1.187805 1.190787 1.339440 1.336070 1.384500 1 .387900 1.445350 1.374350 1.390120 Source: Los Angeles County Auditor/Controller data, MuniServices, LLC (for years 2007 to 2015), HdL for the 2016 to 2021 years. 2007-08 and prior: prior year ACFR reports
For presentation purposes, TRA 007-790 is represented
206
City of Pomona Schedule 8
Principal Property Taxpayers
Current Fiscal Year and Nine Years Ago
Percent of Percent of
Total City Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Valuation Rank Value Valuation Rank Value
CSCDA Community Improvement 108,753,448$ 1 0.80% Crest Financial 93,135,595 2 0.69% 80,157,130$ 1 0.95% Rexford Industrial 1601 Mission LLC 88,689,400 3 0.65% Los Angeles County Fair Associates 70,614,619 4 0.52% 42,460,640 2 0.50% Olive Ridge Gardens 47,401,980 5 0.35%
Rexford Industrial Realty LP 45,240,109 6 0.33% Sybron Dental Specialties Inc. 36,578,940 7 0.27% BPP Pacific Industrial California REIT 34,818,687 8 0.26% DCT PSA Pomona LLC 34,225,132 9 0.25%
Altagas Pomona Energy Storage Inc 33,980,100 10 0.25% Realty Associates Fund VII LP 38,711,951 3 0.46% KTR Pomona LLC 37,500,000 4 0.44%
LBA Realty Fund III 29,319,352 5 0.35%
Ripon Cogeneration LLC 29,115,176 6 0.35%
Realty Associates Iowa Corp 27,613,095 7 0.33%
F D S Mfg Co 23,594,110 8 0.28%
Pine Club Apts LLC 23,569,700 9 0.28%
CMC Dragon LP 22,000,000 10 0.26%
Source: Los Angeles County Assessor data, HdL, Coren & Cone 20132022
207
City of Pomona Schedule 9
Top 25 Sales Tax Generators
in Alphabetical Order
Current Fiscal Year and Ten Years Ago
2022 2013
76 A C S Distributors
Arco AM PM Allstar KIA
Arco AM PM Cornucopia Foods
Chevron Extra Mile CVS Pharmacy
dd's Discounts Dawson Company
Ferguson Enterprises Envirokinetics
Food 4 Less Fairplex Chevron
Global Rental Co Ferguson Enterprises
Grannys Alliance Holdings Food 4 Less
Home Depot Garys Chevron
Huntington Hardware Global Rental Co
Jb Wholesale Roofing & Building Supplies Gte Supply
Marco Equipment HD Supply Home Improvement Solutions
Ovations Fanfare Home Depot
Phenix Enterprises Marco Equipment
Pomona Kia Mega RV
Rohr Steel Mike Thompsons RVs
Ryder Vehicle Sales Phenix Enterprises
Shell Rohr Steel
STIIZY Pomona Superior Duct Fabrication
Superior Duct Fabrication Tesoro Refining & Marketing
Target Towne Arco
Tesla Motors United Oil
Towne Arco USA Gas
Walmart Supercenter Walmart Supercenter
Source: HdL
208
City of Pomona Schedule 10
Property Tax Levies and Collections
Last Ten Fiscal Years
Fiscal Delinquent
Year Taxes Levied Tax
Ended for the Percentage Collections Percentage
June 30 Fiscal Year Amount of Levy by levy year Amount of Levy 2013 12,528,234 12,434,130 99.2% 349,337 12,783,467 102.0% 2014 13,596,705 13,442,112 98.9% 637,832 14,079,944 103.6% 2015 14,612,641 14,510,121 99.3% 613,771 15,123,892 103.5% 2016 13,843,856 13,691,612 98.9% 230,228 13,921,840 100.6% 2017 14,758,820 14,939,800 101.2% 106,993 15,046,793 102.0% 2018 15,617,055 15,448,699 98.9% 285,086 15,733,785 100.7% 2019 15,870,148 16,259,418 102.5% 525,464 16,784,882 105.8% 2020 17,088,316 17,287,322 101.2% 382,279 17,669,601 103.4% 2021 19,095,038 18,730,179 98.1% 747,742 19,477,921 102.0% 2022 19,078,334 18,752,358 98.3% 822,395 19,574,753 102.6% Source: Los Angeles County Auditor/Controller, City of Pomona Finance Department Collected within the
Fiscal Year of the Levy Total Collections to Date
209
City of Pomona Schedule 11
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Fiscal Year Tax Pension Certificates Total Total Total Percentage Debt Ended Allocation Revenue Obligation of Governmental Revenue Business-type Primary of Personal per June 30 Bonds Bonds Ref Bonds Participation Other Activities Bonds Other Activities Government Income (1) Capita (1) 2013 - 42,446,378 44,400,752 12,012,435 1,864,337 100,723,902 135,674,210 4,112,175 139,786,385 240,510,287 n/a 1,593 2014 - 41,110,000 44,414,040 11,681,813 1,754,285 98,960,138 133,915,426 3,564,689 137,480,115 236,440,253 n/a 1,558 2015 - 39,564,000 44,333,953 11,336,191 1,241,295 96,475,439 132,086,642 3,004,392 135,091,034 231,566,473 n/a 1,519 2016 - 37,938,000 44,152,153 10,970,569 1,137,985 94,198,707 130,187,858 2,430,984 132,618,842 226,817,549 n/a 1,458 2017 - 84,782,557 7,594,276 - 564,977 92,941,810 118,139,497 1,844,160 119,983,657 212,925,467 n/a 1,371 2018 - 82,605,188 4,013,547 - 3,217,149 89,835,884 114,827,755 1,243,603 116,071,358 205,907,242 n/a 1,323 2019 - 79,159,819 3,761,134 - 2,641,009 85,561,962 112,351,013 628,993 112,980,006 198,541,968 n/a 1,287 2020 - 75,670,451 3,492,601 - 2,132,854 81,295,906 109,839,270 - 109,839,270 191,135,176 n/a 1,235 2021 - 72,128,082 223,098,299 - 1,671,335 296,897,716 107,277,528 - 107,277,528 404,175,244 n/a 2,671 2022 68,527,713 198,142,441 2,951,048 269,621,202 104,655,785 - 104,655,785 374,276,987 n/a 2,499 Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(1) These ratios are calculated using personal income and population for the prior year.

Business-type ActivitiesGovernmental Activities
210
City of Pomona Schedule 12
Ratios of General Bonded Debt Outstanding
Last Ten Fiscal Years (dollars in thousands, except per capita) Percentage
Fiscal Year Tax Pension Certificates Restricted of Actual Ended Revenue Allocation Obligation of for Net Bonded Value Per June 30 Bonds Bonds Ref Bonds Part icipation Total Debt Service * Debt o f Property (1) Capita (2) 2013 42,446 - 44,401 12,012 98,859 50,439 48,420 1.2% 655 2014 41,110 - 44,414 11,682 97,206 49,229 47,977 1.1% 640 2015 39,564 - 44,334 11,336 95,234 47,845 47,389 1.0% 625 2016 37,938 - 44,152 10,971 93,061 55,810 37,251 0.9% 598 2017 84,783 - 7,594 - 92,377 65,473 26,904 0.9% 545 2018 82,605 - 4,013 - 86,618 67,771 18,847 0.8% 514 2019 79,159 - 3,761 - 82,920 65,249 17,671 0.7% 519 2020 75,670 - 3,492 - 79,162 63,465 15,697 0.6% 511 2021 72,128 - 223,098 - 295,226 36,596 258,630 2.3% 1,951 2022 68,528 - 198,142 - 266,670 68,220 198,450 2.0% 1,781 * Includes bond reserves and unspent bond proceeds.

Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
(1) See Schedule 6 for property value data.
(2) Population data can be found in Schedule 17.

General Bonded Debt Outstanding
211
City of Pomona Schedule 13
Direct and Overlapping Debt
Current Year and Nine Years Ago
Total Debt City’s Share of
OVERLAPPING DEBT 06/30/2022: 6/30/2022 % Applicable (1) Debt 06/30/2022 Metropolitan Water District 9,835,780 0.820% 80,653 Citrus Community College District 144,011,454 1.163% 1,674,460 Mount San Antonio Community College District 930,361,452 12.624% 117,444,432 Bonita Unified School District 116,674,790 0.190% 222,152 Claremont Unified School District 68,415,000 5.848% 4,000,950 Pomona Unified School District 411,249,505 77.388% 318,258,016 Total Overlapping Debt 1,680,547,981 441,680,663 Obligations Under Capital Leases 1,046,097 100.000% 1,046,097 Notes Payable 1,904,951 100.000% 1,904,951 Revenue Bonds 68,527,713 100.000% 68,527,713 Pension Obligation Refunding Bonds 198,142,441 100.000% 198,142,441 Accreted Interest 6,116,427 100.000% 6,116,427 Total Direct Debt 275,737,629 275,737,629 TOTAL DIRECT AND OVERLAPPING DEBT 1,956,285,610$ 717,418,292$ Total Debt City’s Share of
OVERLAPPING DEBT 06/30/2013: 6/30/2013 % Applicable (1) Debt 06/30/2013 Los Angeles County Flood Control District 19,770,000$ 0.819% 161,916$ Metropolitan Water District 165,085,000 0.402% 663,642 Citrus Community College District 77,195,302 1.260% 972,661 Mount San Antonio Community College District 212,076,742 11.912% 25,262,582 Bonita Unified School District 103,877,395 0.133% 138,157 Claremont Unified School District 33,365,000 6.222% 2,075,970 Pomona Unified School District 212,631,870 75.116% 159,720,555 City of Pomona 1915 Act Bonds 4,087,000 100.000% 4,087,000 Los Angeles County Regional Park and Open Space Assessment District 142,870,000 0.775% 1,107,243 Total Overlapping Debt 970,958,309 194,189,726 TOTAL OVERLAPPING DEBT 970,958,309$ 194,189,726$ Source: HdL, and prior year ACFR
1) Percentage of overlapping agency's assessed valuation locate d within the boundaries of the city. 212
City of Pomona Schedule 14
Legal Debt Margin Information
Last Ten Fiscal Years (in thousands of dollars)
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Assessed valuation 8,435,483$ 8,821,827$ 9,329,596$ 9,840,106$ 10,520,304$ 11,019,121$ 11,656,073$ 12,349,280$ 13,046,852$ 13,551,741$ Debt limit percentage 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% Debt limit 1,265,322$ 1,323,274$ 1,399,439$ 1,476,016$ 1,578,046$ 1,652,868$ 1,748,411$ 1,852,392$ 1,957,028$ 2,032,761$ Amount of debt applicable to debt limit - - - - - - - - - - Legal debt margin 1,265,322$ 1,323,274$ 1,399,439$ 1,476,016$ 1,578,046$ 1,652,868$ 1,748,411$ 1,852,392$ 1,957,028$ 2,032,761$ Total debt applicable to the limit as
a percentage of debt limit 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 213
City of Pomona Schedule 15
Pledged Revenue Coverage - Water
Last Ten Fiscal Years
Fiscal Year Less Net Rate
Ended Water Operating Available Stabilization Net Revenue June 30 Revenue (1) Expenses (2) Rev enue Fund (3) Principal Interest T otal Coverage 2013* 30,638,933 20,160,007 10,478,926 - 1,190,000 5,149,571 6,339,571 1.65 2014* 31,680,312 21,494,289 10,186,023 - 1,240,000 5,098,994 6,338,994 1.61 2015* 29,925,501 19,626,529 10,298,972 - 1,295,000 5,046,289 6,341,289 1.62 2016* 28,964,078 18,073,465 10,890,613 - 1,350,000 4,991,195 6,341,195 1.72 2017* 31,404,614 21,474,204 9,930,410 - 1,415,000 4,922,961 6,337,961 1.57 2018* 34,749,625 24,423,625 10,326,000 5,130,000 1,925,000 3,197,357 5,122,357 2.02 2019* 33,379,437 21,195,818 12,183,619 5,226,026 1,815,000 3,316,618 5,131,618 2.37 2020* 33,775,857 21,486,313 12,289,544 5,290,421 1,840,000 3,285,745 5,125,745 2.40 2021 37,725,544 11,401,857 26,323,687 5,291,593 1,875,000 3,248,743 5,123,743 5.14 2022 42,192,195 27,850,168 14,342,027 5,294,798 1,925,000 3,204,174 5,129,174 2.80 Notes: Details regarding the City's Water Fund outstanding debt can be found in the notes to the financial statements. (1) Water Revenue consists of Charges for services, Interest Revenue, Intergovernmental, and Sale of Surplus Water (2) Operating expenses does not include depreciation or amortization. (3)
Debt Service
*Information has been restated for consistency and compliance with GASB No. 44 and Continued Disclosure Reporting of debt coverage
Water Revenue Bonds
During FY2018, the City estabilished a Rate Stabilization Fund (RSF) equal to annual debt service payments.

Transfers from the RSF may be made to meet annual debt service expenses or to comply with debt service coverage. 214
City of Pomona Schedule 16
Pledged Revenue Coverage - Sewer
Last Ten Fiscal Years
Fiscal Year Less Net Rate
Ended Sewer Operating Available Stabilization Net Revenue June 30 Revenue (1) Expenses (2) Rev enue Fund (3) Principal Interest T otal Coverage 2013 4,497,533 2,511,043 1,986,490 - 355,000 1,277,020 1,632,020 1.22 2014* 4,854,056 2,187,639 2,666,417 - 370,000 1,263,530 1,633,530 1.63 2015* 4,838,316 2,203,618 2,634,698 - 385,000 1,247,875 1,632,875 1.61 2016* 4,580,735 2,014,093 2,566,642 - 400,000 420,703 820,703 3.13 2017* 4,330,205 2,146,411 2,183,794 - 175,000 863,174 1,038,174 2.10 2018* 4,435,747 2,331,657 2,104,090 1,453,169 305,000 591,009 896,009 2.35 2019* 5,048,618 2,779,101 2,269,517 1,480,198 555,000 842,546 1,397,546 1.62 2020* 5,926,012 1,094,541 4,831,471 1,498,437 565,000 884,376 1,449,376 3.33 2021 6,645,052 262,044 6,383,008 1,498,768 580,000 872,254 1,452,254 4.40 2022 7,221,361 1,895,703 5,325,658 1,499,673 590,000 858,751 1,448,751 3.68 Notes: Details regarding the City's Sewer Fund outstanding debt can be found in the notes to the financial statements. (1)
(2)
(3)
Debt Service
Operating Revenues represent charges to customers for sales and services. Charges for services excludes sewer connection fees (also referred to as development impact fees), which are included in Miscellaneous Operating Expenses include cost of sales and services and administrative expenses and excludes depreciation on capital assets.

During FY2018, the City estabilished a Rate Stabilization Fund (RSF) equal to annual debt service payments.

Transfers from the RSF may be made to meet annual debt service expenses or to comply with debt service coverage.

Sewer Revenue Bonds
*Information has been restated for consistency and compliance with GASB No. 44 and Continued Disclosure Reporting of debt coverage
215
City of Pomona Schedule 17
Demographic and Economic Statistics
Last Ten Fiscal Years
Per
Personal Capita
Fiscal Income (2) Personal Median Public School Unemployment Year Population (1) (in thousands) Income (2) Age Enrollment (3) Rate (4) 2013 150,942 2,593,902 17,185 29.5 27,186 12.2% 2014 151,713 2,392,059 15,767 30.2 26,264 11.0% 2015 152,419 2,659,712 17,450 29.9 25,311 7.9% 2016 155,604 2,575,663 16,552 30.4 24,673 7.5% 2017 155,306 2,664,317 17,155 30.9 24,314 5.9% 2018 155,687 2,722,806 17,488 31.0 23,635 5.9% 2019 154,310 2,885,143 18,697 31.5 23,806 5.1% 2020 154,817 3,290,944 21,257 32.2 22,766 14.7% 2021 151,319 3,235,579 21,382 32.2 21,810 13.4% 2022 149,766 3,330,808 22,240 33.3 22,607 10.0% Source: 2008-09, 2009-10, 2011-12, 2012-13, 2013-14, and 2014-15: MuniServices, LLC Source: 2010-11, 2008-09 and prior: prior year previous ACFR reports.

Source: 2015-16, 2016-17, 2017-18, 2018-19, 2019-20, 2020-21 : HdL (1) Population Projections are provided by California Department of Finance Projections. (2) Income Data is provided by the United States Census Data and is adjusted for inflation. (3) Public School Enrollment reflects the total number of students enrolled in Pomona Unified School District only, per sch (4) Unemployment rates are provided by the Employment Development Department, Bureau of Labor and Statistics Depa 216
City of Pomona Schedule 18
Principal Employers
Current Year and Nine Years Ago
Percentage Percentage
Number of of Total City Number of of Total City
Employer Employees Rank Employment Employees Rank Employment Pomona Valley Hospital 3,976 1 6.5% 3,089 2 4.7%
Pomona Unified School District 3,879 2 6.3% 3,406 1 5.1% California State Polytechnic University 2,659 3 4.3% 2,154 3 3.7% City of Pomona 598 4 1.0% 711 5 1.2%
Lereta, LLC 395 5 0.6%
Inland Valley Care & Rehab 350 6 0.6% 282 10 0.5%
Mount San Antonio Gardens 348 7 0.6%
Park Ave Healthcare & Wellness Center LLC 335 8 0.5%
Fairplex - LA County Fair 200 9 0.3%
Tri City Mental Health Center 186 10 0.3%
Home Depot 169 11 0.3%
Ferguson Enterprises, LLC 160 12 0.3%
B2Sign, Inc. 150 13 0.2%
Dow Hydraulic Systems 110 14 0.2%
Parktree Community Health Center 106 15 0.2%
McDonald's 976 4 1.7%
Casa Colina Rehabilitation Center 710 6 1.2%
Lanterman Developmental Center 596 7 1.0%
Verizon 376 8 0.6%
County of Los Angeles Dept. of Social Services 320 9 0.5% First Transit 250 11 0.4%
Lloyd's Material Supply 236 12 0.4%
Walmart Stores Inc 235 13 0.4%
Hayward Industries Inc. 199 14 0.3%
Hamilton Sundstrand 175 15 0.3%
Consolidated Foundries
20132022
217
City of Pomona Schedule 19
Authorized Full-Time City Employees by Function
Last Ten Fiscal Years
Function 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 General Government 19 19 20 20 20 20 20 20 18 18
Support Services 32 32 31 32 33 41 46 46 49 49
Police 269 270 268 270 271 271 280 280 282 284
Public Works 170 169 170 106 106 93 96 96 96 103
Water/Wastewater 0 0 0 68 68 74 75 75 75 80
Community Development 3 8 4 00000000 0
Dev & Neighborhood Svcs 0 0 47 47 48 48 53 53 54 61
Utility Services 000000000 0
Community Services and
Library 11 9 2 2 2 2 1.6 1.6 1.6 3
Total 539 539 538 545 548 549 571.6 571.6 575.6 598
Various departments were consolidated in 2009-2010
Source: City of Pomona Finance Department
218
City of Pomona Schedule 20
Operating Indicators by Function
Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Police:

Felony Arrests 3,145 3,105 2,726 2,441 2,142 2,049 2,270 1,903 1,123 1,041 Misdemeanor Arrests 5,821 5,876 6,424 7,446 6,825 6,067 6,228 4,463 2,907 3,098 Parking Citations 36,718 30,145 30,788 31,807 32,107 27,959 26,214 21,237 14,510 22,781 Moving Citations 9,179 9,791 9,153 8,898 7,157 6,714 6,884 6,282 38,505 5,462 Fire:

Incidents 12,447 13,675 15,289 16,381 16,901 16,367 16,340 16,544 17,025 17,538

Urban development:

Residential building permits
issued 622 722 925 294 969 3,476 660 788 1,765 4,263 Inspections 4,054 6,050 5,536 6,236 7,947 11,764 11,723 10,642 7,028 15,759 Asphalt repaired (square feet) 19,400 36,068 84,879 84,649 95,104 78,765 84,516 79,420 79,005 106,721 Sidewalk repaired (square feet) 7,285 1,500 1,750 2,279 2,997 7,001 99,111 12,568 18,743 13,330 Community services:*
Community Center participants 520,157 501,727 - - - - - - - - Senior Program participants 108,086 100,703 44,768 44,228 59,967 59,065 48,229 51,836 98,517 96,189 Youth program participants 362,217 337,180 56,728 52,075 33,579 40,917 37,696 24,769 2,451 6,722 Other program participants 49,854 66,743 32,480 26,126 18,901 16,919 30,768 21,858 3,408 16,189 Sports participants 309,795 366,978 168,034 182,529 154,670 144,680 120,002 66,685 339 38,991 Facility rentals 635 687 2,090 1,815 2,183 1,644 1,679 1,430 1 753 Library:

Program attendance (all programs) 1,770 2,578 2,940 3,077 3,069 3,058 2,623 2,010 147 2,773 Literacy instruction (hours) - - - - - - - - - - Water:

New connections 17 9 12 21 12 13 12 19 3 249 Average daily consumption 18,670 19,615 17,905 14,450 15,084 20,243 18,471 13,502 16,740 16,064 (thousands of gallons)
Refuse:

Curbside Collection (in tons) 37,246 36,593 35,474 36,682 37,934 37,257 40,793 47,251 52,206 50,875 Recycle Collection (in tons) 6,896 6,907 7,218 6,544 6,759 7,083 4,722 4,799 7,216 9,296 Greenwaste Collection (in tons) 12,510 11,934 11,904 13,480 13,699 13,143 12,618 11,824 11,844 11,338 Source: Various City Departments
*Due to staffing changes in Community Services, the methodology for counting service delivery was changed beginning 2015. 219
City of Pomona Schedule 21
Capital Asset Statistics by Function
Last Ten Fiscal Years
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Police:

Stations 1 111111111
Patrol Units 58 51 51 46 44 45 44 44 44 44
Fire:

Fire stations 8 888888888
Public works:

Streets (miles) 388 388 388 388 388 388 388 388 388 388 Streetlights 7,701 7,721 7,725 7,725 7,725 7,725 7,725 7,725 7,725 7,7 25 Traffic signals 162 164 164 169 169 169 169 169 169 169 Community services:

Parks 26 26 26 26 26 27 27 27 28 28
Park Acreage 221 221 221 221 221 221 221 221 222 222
Baseball fields 14 14 14 14 14 14 14 14 14 14
Soccer fields 17 17 17 17 17 17 17 17 11 11
Basketball courts 22 22 22 22 22 22 22 22 22 24
Tennis courts 9 999999999
Community centers 14 14 14 14 14 14 14 14 14 13
Libraries 1 111111111
Water:

Water mains (miles) 457 457 457 457 457 457 457 488 428 428 Sewer:

Sanitary sewers (miles) 305 305 305 305 305 305 305 305 300 300 Storm drains (miles) 120 120 120 120 120 120 120 120 70 33 Source: Various City Departments
220

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City Council / Housing AuthorityJanuary 9, 2023

City Council / Housing Authority
January 9, 2023