Redding City Council
March 18, 2025

61.99% 59.62% 53.58% 49.79% 48.83% 45.28% 44.98%
California Public Employees' Retirement System ("CalPERS") - Safety Plan For the Year Ended June 30, 2024
City of Redding
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions
157 Packet Pg. 710
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Measurement Period 2023 2022 2021
TOTAL PENSION LIABILITY:

Service Costs 796,513 $ 960,178 $ 934,480 $ Interest 6,374,156 6,218,106 6,099,199
Effect of economic/demographic gains or losses - 2,650,226 - Changes of Assumptions - (1,731,147) - Benefit Payments, Including Refunds of Employee Contributions (5 ,864,634) (5,549,535) (5,178,122) Net Change in Total Pension Liability 1,306,035 $ 2,547,828 $ 1,855,557 $ Total Pension Liability - Beginning 93,145,586 90,597,758 88,742,201 Total Pension Liability - Ending (a) 94,451,621 $ 93,145,586 $ 90,597,758 $ PLAN FIDUCIARY NET POSITION:

Contributions - Employer 8,911,917 $ 9,061,771 $ 6,575,412 $ Contributions - Employee 455,876 393,779 353,687 Net Investment Income 2 6,042,441 (9,274,876) 14,530,931 Benefit Payments, Including Refunds of Employee Contributions (5 ,864,634) (5,549,535) (5,178,122) Administrative Expenses (205,787) (213,951) (191,545) Net Change in Fiduciary Net Position 9,339,813 (5,582,812) 16,090,363 Plan Fiduciary Net Position - Beginning 70,205,340 75,788,152 59,697,789 Plan Fiduciary Net Position - Ending (b) 79,545,153 $ 70,205,340 $ 75,788,152 $ Plan Net Pension Liability/(Asset) - Ending (a) - (b) 14,906,468 $ 22,940,246 $ 14,809,606 $ Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 84.22% 75.37% 83.65% Covered Payroll 19,229,455 $ 19,143,035 $ 20,161,261 $ Plan Net Pension Liability/(Asset) as a Percentage of Covered Payroll 77.52% 119.84% 73.46% 1 Historical information is presented only for measurement periods for which GASB 68 is applicable. 2 Net of administrative expenses.

Notes to Schedules of Changes in Net Pension Liability and Related Ratios:

Changes of Assumptions: There were no changes in assumptions.

The Required Supplementary Information for Schedules of Changes in Net Pension Liability and Related Ratios is intended to show information for ten years; as additional years' information becomes available it will be displayed accordingly.

Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after June 30, 2014. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).

For the Year Ended June 30, 2024
Public Agency Retirement System - Miscellaneous Plan (PARS) 1 City of Redding
Required Supplementary Information (Unaudited)
Schedules of Changes in Net Pension Liability and Related Ratios 158 Packet Pg. 711
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2020 2019 2018 2017 2016 2015 2014
909,470$ 1,122,061 $ 1,441,162 $ 1,258,688 $ 1,170,873 $ 1,478,671 $ 1,432,128 $ 5,933,422 5,794,604 5,468,051 5,387,397 5,162,353 4,941,220 4,689,105 535,027 - 2,071,932 - 92,895 - - - - 456,118 3,255,582 - - - (4,896,050) (4,551,652) (4,138,653) (3,689,765) (3,343,227) (2,990,408) (2,628,633) 2,481,869$ 2,365,013 $ 5,298,610 $ 6,211,902 $ 3,082,894 $ 3,429,483 $ 3,492,600 $ 86,260,332 83,895,319 78,596,709 72,384,807 69,301,913 65,872,430 62,379,830 88,742,201$ 86,260,332 $ 83,895,319 $ 78,596,709 $ 72,384,807 $ 69,301,913 $ 65,872,430 $ 6,888,868$ 5,944,074 $ 6,648,630 $ 4,816,795 $ 5,020,997 $ 5,760,375 $ 6,042,892 $ 224,631 122,545 92,709 - - - - 2,318,864 3,330,635 3,208,975 4,418,967 643,326 998,681 4,209,807 (4,896,050) (4,551,652) (4,138,653) (3,689,765) (3,343,227) (2,990,408) (2,628,633) (324,596) (366,455) (338,499) (301,577) (269,745) (258,434) (219,880) 4,211,717 4,479,147 5,473,162 5,244,420 2,051,351 3,510,214 7,404,186 55,486,072 51,006,925 45,533,763 40,289,343 38,237,992 34,727,778 27,323,592 59,697,789$ 55,486,072 $ 51,006,925 $ 45,533,763 $ 40,289,343 $ 38,237,992 $ 34,727,778 $ 29,044,412$ 30,774,260 $ 32,888,394 $ 33,062,946 $ 32,095,464 $ 31,063,921 $ 31,144,652 $

67.27% 64.32% 60.80% 57.93% 55.66% 55.18% 52.72%
21,474,397$ 23,687,133 $ 27,974,321 $ 29,767,881 $ 29,834,685 $ 34,838,650 $ 33,451,518 $ 135.25% 129.92% 117.57% 111.07% 107.58% 89.17% 93.10%
Public Agency Retirement System - Miscellaneous Plan (PARS) For the Year Ended June 30, 2024
City of Redding
Required Supplementary Information (Unaudited)
Schedules of Changes in Net Pension Liability and Related Ratios 159 Packet Pg. 712
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2024 2023 2022
Actuarially Determined Contribution 2
17,077,760$ 9,823,669 $ 9,589,481 $
(17,077,760) (9,823,669) (9,589,481)
Contribution Deficiency (Excess) - $ - $ - $ Covered Payroll 3
19,650,436$ 19,482,915 $ 19,255,663 $
Contributions as a Percentage of Covered Payroll 3

86.91% 50.42% 49.80%
1 Historical information is presented only for measurement periods for which GASB 68 is applicable. 2 Employers are assumed to make contributions equal to the actuarially determined contributions. However, some employers may choose to make additional contributions towards their unfunded liability. Employer contributions for such plans exceed the actuarially determined contributions.
3 Covered Payroll represented above is based on pensionable earnings provided by the employer. However, GASB 68 defines covered payroll as the total payroll of employees that are provided pensions through the pension plan.

Accordingly, if pensionable earnings are different than total earnings for the covered-employees, the employer should display in the disclosure footnotes the payroll passed on total earnings for the covered group and recalculate the required payroll-related ratios.

Notes to Schedules:

The following actuarial methods and assumptions were used in the July 1, 2017 funding valuation. Please see the valuation report dated April 25, 2017 for further details.

Valuation Timing Actuarially determined contribution rates are c alculated as of June 30, two years prior to the end of the fiscal year in which the contributions are reported.

Actuarial Cost Method
Amortization Method/Period Level dollar, closed, amorti zation period at 1/1/2014 was 11 years Asset Valuation Method None
Inflation
Salary Increases
Payroll Growth
Investment Rate of Return 7.01% Graded Net of Pen sion Plan Investment and Administrative Expenses Cost of Living Adjustments 2.00%
Withdrawal
Mortality Pre- Retirement/Post-Retirement: CalPERS 1997-2011 Healthy Retiree Tables (sex distinct) projected using Scale AA and base year of 2 008.

Disability None assumed.

Consistent with Non-Industrial rates used to value the Miscellaneous CalPERS Pension Plan.

The Required Supplementary Information for Schedules of Public Agency Retirement Services Retirement Enhancement Plan Contributions All Tiers is intended to show information for ten years; as additional years' information becomes available it will be displayed accordingly.

3.25%
Public Agency Retirement System - Miscellaneous Plan (PARS) All Tiers 1 For the Year Ended June 30, 2024
City of Redding
Required Supplementary Information (Unaudited)
Schedules of Public Agency Retirement Services Retirement Enhancement Plan Contributions All Tiers y
Contribution 2
Entry Age Normal

3.00%
Varies by Years of Service
160 Packet Pg. 713
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2021 2020 2019 2018 2017 2016 2015
7,158,333$ 6,925,920 $ 5,917,528 $ 6,988,001 $ 4,816,795 $ 5,020,997 $ 5,760,375 $ (7,158,333) (6,888,868) (5,917,528) (6,988,001) 1,258,688 (5,020,997) (5,760,375) -$ 37,052$ - $ - $ 6,075,483$ - $ - $ 21,054,825$ 21,474,397 $ 23,687,133 $ 27,974,321 $ 29,767,881 $ 29,834,685 $ 34,838,650 $

34.00% 32.25% 24.98% 24.98% 16.18% 16.83% 16.53%
For the Year Ended June 30, 2024
Public Agency Retirement System - Miscellaneous Plan (PARS) All Tiers City of Redding
Required Supplementary Information (Unaudited)
Schedules of Public Agency Retirement Services Retirement Enhancement Plan Contributions All Tiers 161 Packet Pg. 714
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Measurement Period 2023
TOTAL OPEB LIABILITY:

Service Costs 2,842,623$
Interest 1,874,402
Difference Between Expected and Actual Experience 19,953,859 Changes of Assumptions 5,780,385
Benefit Payments, Including Refunds of Employee Contributions (3 ,021,637) Net Change in Total OPEB Liability 27,429,632$
Total OPEB Liability - Beginning 51,617,397
Total OPEB Liability - Ending (a) 79,047,029$
PLAN FIDUCIARY NET POSITION:

Contributions - Employer 3,021,637$
Net Investment Income 1,846
Benefit Payments, Including Refunds of Employee Contributions (3 ,021,637) Administrative Expenses (133)
Net Change in Fiduciary Net Position 1,713
Plan Fiduciary Net Position - Beginning 52,505
Plan Fiduciary Net Position - Ending (b) 54,218$
Plan Net OPEB Liability/(Asset) - Ending (a) - (b) 78,992,811 $ Plan Fiduciary Net Position as a Percentage of the Total OPEB Liability 0.07% Covered-Employee Payroll 77,182,339$
Plan Net OPEB Liability/(Asset) as a Percentage of Covered-Employee Payroll 102.35% 1 Historical information is required only for measurement periods for which GASB 75 is applicable.

Notes to Schedules of Changes in Net OPEB Liability and Related Ratios:

Changes of Assumptions: There were no changes in assumptions.

Other Postemployment Benefits (OPEB)
The Required Supplementary Information for Schedules of Changes in Net OPEB Liability and Related Ratios is intended to show information for ten years; as additional years' information becomes available it will be displayed accordingly.

City of Redding
Required Supplementary Information (Unaudited)
Schedules of Changes in Net OPEB Liability and Related Ratios For the Year Ended June 30, 2024
162 Packet Pg. 715
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2022 2021 2020 2019 2018 2017
3,366,492$ 2,473,321 $ 2,266,201 $ (13,080) $ (185,355) $ (744,002) $ 1,210,868 913,626 1,532,174 1,185,185 1,124,094 852,000 - 12,995,166 - 3,574,842 - - (3,351,682) 1,566,528 (2,741,226) 9,724,504 1,582,262 4,331,000 (4,601,018) (3,646,314) (3,753,880) (3,444,608) (3,490,701) (3,480,000) (3,375,340)$ 14,302,327 $ (2,696,731) $ 11,026,843 $ (969,700) $ 958,998 $ 54,992,737 40,690,410 43,387,141 32,360,298 33,329,998 32,371,000 51,617,397$ 54,992,737 $ 40,690,410 $ 43,387,141 $ 32,360,298 $ 33,329,998 $ 4,601,018$ 3,646,314 $ 3,753,880 $ 3,444,608 $ 3,490,701 $ 3,480,000 $ 67 10 634 1,068 376 - (4,601,018) (3,646,314) (3,753,880) (3,444,608) (3,490,701) (3,480,000) (131) (132) (131) (129) (127) - (64) (122) 503 939 249 - 52,569 52,691 52,188 51,249 51,000 51,000 52,505$ 52,569 $ 52,691 $ 52,188 $ 51,249 $ 51,000 $ 51,564,892$ 54,940,168 $ 40,637,719 $ 43,334,953 $ 32,309,049 $ 33,278,998 $

0.10% 0.10% 0.13% 0.12% 0.16% 0.15%
69,040,537$ 63,075,673 $ 58,084,647 $ 57,452,344 $ 58,314,156 $ 58,084,647 $

74.69% 87.10% 69.96% 75.43% 55.41% 57.29%
City of Redding
Required Supplementary Information (Unaudited)
Schedules of Changes in Net OPEB Liability and Related Ratios For the Year Ended June 30, 2024
163 Packet Pg. 716
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2024
Actuarially Determined Contribution 2
4,312,188$
Contribution 2
(4,312,188)
Contribution Deficiency (Excess) -$
Covered-employee Payroll 87,775,715$
Contributions as a Percentage of Covered-employee Payroll 4.91% 1 GASB 75 requires this information for plans funding with OPEB trusts be reported in the employer's Required Supplementary Information for 10 years or as many years as are available upon implementation. 2 The June 30, 2017 actuarial valuation provided the Actuarially Determined Contributions for fiscal years 6/30/17, 6/30/18 and 6/30/19.

Notes to Schedules:

Other Postemployment Benefits (OPEB)
The Required Supplementary Information for Schedules of Public Agency Retirement Services Retirement Enhancement Plan Contributions All Tiers is intended to show information for ten years; as additional years' information becomes available it will be displayed accordingly.

City of Redding
Required Supplementary Information (Unaudited)
Schedule of Contributions-OPEB
For the Year Ended June 30, 2024
164 Packet Pg. 717
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2023 2022 2021 2020 2019 2018 2017
3,021,637$ 4,601,018 $ 3,646,314 $ 3,753,880 $ 3,444,608 $ 3,490,701 $ 3,480,000 $ (3,021,637) (4,601,018) (3,646,314) (3,753,880) (3,444,608) (3,490,701) (3,480,000) -$ - $ - $ - $ - $ - $ - $ 77,182,339$ 69,040,537 $ 63,073,360 $ 60,225,532 $ 57,452,344 $ 58,314,156 $ 58,084,647 $

3.91% 6.66% 5.78% 6.23% 6.00% 5.99% 5.99%
City of Redding
Required Supplementary Information (Unaudited)
Schedule of Contributions-OPEB
For the Year Ended June 30, 2024
165 Packet Pg. 718
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June This page intentionally left blank
166 Packet Pg. 719
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June

SUPPLEMENTARY

INFORMATION
Packet Pg. 720
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June This page intentionally left blank
168 Packet Pg. 721
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June SPECIAL REVENUE FUNDS:

Special revenue funds are used to account for specific revenues that are legally restricted to expenditure for particular purposes.

Parking Fund
This fund was established to account for the receipts of parking-related revenues and expenditures.

Street Maintenance Fund
This fund was established to account for the construction and maintenanceof the street system of the City.

Financing is provided by the State and is restricted to street expenditures.

Housing Fund
This fund was established to account for subsidies received on behalf of low to moderate income families.

Financing is provided by Federal Department of Housing and Urban Development. This fund also accounts for Successor Housing Agency activities funded by program income from Redding Redevelopment Loans.

Continuum of Care
This fund was established to account for subsidies received for Norcal Continuum of Care which consists of seven counties. The Continuum uses the subsidies to address homelessness and imporove coordination and integration with mainstream resouces and programs. This fund is funded by the Federal Department of Housing and Urban Development and the California Department of Housing and Community Development.

General Special Revenue
This fund was established to account for receipts and disbursements of special revenues required to be segregated from the General Fund revenues.

Landscape Maintenance Districts
This fund was established to account for the activities of landscape maintenance assessment districts. The landscape districts collect assessments to pay for landscape maintenance in the assessment area.

Library Fund
This fund was established to account for the activities of the public library.

Asset Seizure Fund
This fund was established to account for the activities involved with asset seizures.

DEBT SERVICE FUND
The debt service fund is used to account for the payment of interest and principal on general debt of the City. 1915 Act Assessment District Bonds
Established to accumulate monies for payment of 1915 Act Special Assessment bonds when the government is obligated in some manner.

NONMAJOR

GOVERNMENTAL FUNDS
169 Packet Pg. 722
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Continuum General
Street of Special
Parking Maintenance Housing Care Revenue
ASSETS
Cash and investments - $ 7,378,520$ 3,874,514 $ 5,687,083 $ - $ Interest receivable, unrestricted - 28,898 2,692,095 17,136 - Accounts receivable, net - - 48,953 - - Intergovernmental receivable - 3,880,059 41,804 - - Other receivable 34,484 - 2,092 - - Restricted cash and investments - - 194,245 - - Prepaid items 66,137 - - - - Special assessments receivable - - - - - Notes receivable - - 15,136,740 - - Total assets 100,621$ 11,287,477 $ 21,990,443 $ 5,704,219 $ - $

LIABILITIES
Accounts payable 465 $ - $ 37,546$ 103,643 $ - $ Accrued liabilities 10,854 - 40,588 2,784 - Intergovernmental payable - - 1,004 - - Due to other funds 690 - 151,245 - - Unearned revenue - - 2,338,188 5,644,167 - Deposits - - 195,245 - - Advances from other funds 420,694 - - - - Total liabilities 432,703 - 2,763,816 5,750,594 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 25,413 - 2,783,093 - Total deferred inflows of resources: 25,413 - 2,783,093 - -

FUND BALANCES
Nonspendable 66,137 - - - - Restricted - 11,287,477 16,443,534 - - Unassigned (deficit) (423,632) - - (46,375) - Total fund balances (357,495) 11,287,477 16,443,534 (46,375) - Total liabilities, deferred inflows of
resources and fund balances 100,621$ 11,287,477 $ 21,990,443 $ 5,704,219 $ - $ (Continued)
Special Revenue
City of Redding
Combining Balance Sheet
Non-Major Governmental Funds
June 30, 2024
170 Packet Pg. 723
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Special Revenue Debt Service
1915 Act Total
Landscape Assessment Non-Major
Maintenance Asset District Governmental
Districts Library Seizure Bonds Funds
ASSETS
Cash and investments 1,305,324 $ 2,950,927 $ 106,716 $ 317,222 $ 21,620,306 $ Interest receivable, unrestricted 3,985 8,864 321 952 2,752,251 Accounts receivable, net - - - - 48,953 Intergovernmental receivable - - - - 3,921,863 Other receivable - - - - 36,576 Restricted cash and investments - - - - 194,245 Prepaid items - - - - 66,137 Special assessments receivable 21,779 - - 299,777 321,556 Notes receivable - - - - 15,136,740 Total assets 1,331,088$ 2,959,791 $ 107,037 $ 617,951 $ 44,098,627 $

LIABILITIES
Accounts payable 42,352 $ 190,017 $ - $ - $ 374,023$ Accrued liabilities 3,094 1,850 - - 59,170 Intergovernmental payable 976 402 - - 2,382 Due to other funds - - - - 151,935 Unearned revenue - 1,573,727 - - 9,556,082 Deposits - - 187 - 195,432 Advances from other funds - - - - 420,694 Total liabilities 46,422 1,765,996 187 - 10,759,718

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 12,403 - - 299,777 3,120,686 Total deferred inflows of resources: 12,403 - - 299,777 3,120,686

FUND BALANCES
Nonspendable - - - - 66,137 Restricted 1,272,263 1,193,795 106,850 318,174 30,622,093 Unassigned (deficit) - - - - (470,007) Total fund balances 1,272,263 1,193,795 106,850 318,174 30,218,223 Total liabilities, deferred inflows of
resources and fund balances 1,331,088$ 2,959,791 $ 107,037 $ 617,951 $ 44,098,627 $ (Concluded)
City of Redding
Combining Balance Sheet (Continued)
Non-Major Governmental Funds
June 30, 2024
171 Packet Pg. 724
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Continuum General
Street of Care Special
Parking Maintenance Housing Revenue
REVENUES:

Sales tax revenue - $ - $ - $ - $ 272,517$ Special assessments - - - - - Licenses, fees and permits 250,838 - - - - Intergovernmental revenues - 9,667,032 15,127,026 792,501 - Charges for services - - 27,536 - - Fines, forfeitures and penalties 65,992 - - - - Net investment earnings (loss) 12,182 375,428 46,946 (46,375) - Other revenues - - 19,870 - - Total revenues 329,012 10,042,460 15,221,378 746,126 272,517 EXPENDITURES:

Current:

Community development - - 15,340,669 783,751 - Public works 358,153 - - - - Recreation and culture - - - - - Capital outlay 33,613 - 17,925 8,750 - Debt service:

Principal retirement 144,493 - - - - Interest and fiscal charges 35,895 - - - - Total expenditures 572,154 - 15,358,594 792,501 -

REVENUE OVER
(UNDER) EXPENDITURE (243,142) 10,042,460 (137,216) (46,375) 272,517

OTHER FINANCING
SOURCES (USES):

Transfers in - - - - - Transfers out - (9,736,673) - - (272,517) Total other financing
sources (uses) - (9,736,673) - - (272,517) Net change in fund balances (243,142) 305,787 (137,216) (46,375) - FUND BALANCES:

Beginning of year (114,353) 10,981,690 16,580,750 - - End of year (357,495) $ 11,287,477 $ 16,443,534 $ (46,375) $ - $ (Continued)
Special Revenue
City of Redding
Combined Statement of Revenues, Expenditures, and Changes in Fund Balances Non-Major Governmental Funds
For the Year Ended June 30, 2024
172 Packet Pg. 725
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Special Revenue Debt Service
1915 Act
Landscape Assessment Non-Major
Maintenance Asset District Governmental
Districts Library Seizure Bonds Funds
REVENUES:

Sales tax revenue - $ - $ - $ - $ 272,517$ Special assessments 1,181,822 - - - 1,181,822 Licenses, fees and permits - - - - 250,838 Intergovernmental revenues - 338,747 - - 25,925,306 Charges for services - 1,640,643 - - 1,668,179 Fines, forfeitures and penalties 1,252 28,208 - - 95,452 Net investment earnings (loss) 31,050 118,265 2,903 13,509 553,908 Other revenues - 7,460 162,036 - 189,366 Total revenues 1,214,124 2,133,323 164,939 13,509 30,137,388 EXPENDITURES:

Current:

Community development - - - - 16,124,420 Public works 808,094 - 71,913 - 1,238,160 Recreation and culture - 2,815,761 - - 2,815,761 Capital outlay - 224,611 - - 284,899 Debt service:

Principal retirement - - - - 144,493 Interest and fiscal charges - - - - 35,895 Total expenditures 808,094 3,040,372 71,913 - 20,643,628

REVENUE OVER
(UNDER) EXPENDITURE 406,030 (907,049) 93,026 13,509 9,493,760

OTHER FINANCING
SOURCES (USES):

Transfers in - 994,235 - - 994,235 Transfers out - - - - (10,009,190) Total other financing
sources (uses) - 994,235 - - (9,014,955) Net change in fund balances 406,030 87,186 93,026 13,509 478,805 FUND BALANCES:

Beginning of year 866,233 1,106,609 13,824 304,665 29,739,418 End of year 1,272,263 $ 1,193,795 $ 106,850 $ 318,174 $ 30,218,223 $ (Concluded)
City of Redding
Combined Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Non-Major Governmental Funds
For the Year Ended June 30, 2024
173 Packet Pg. 726
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Licenses and permits 450,300 $ 450,300 $ 250,838 $ (199,462) $ Fines, forfeitures and penalties 76,500 76,500 91,405 14,905 Interest revenue 600 600 2,540 1,940 Total revenues 527,400 527,400 344,783 (182,617) EXPENDITURES:

Current:

Public works 344,560 358,300 391,766 (33,466) Debt Service:

Principal payments 211,080 211,080 144,493 66,587 Interest and fiscal charges 34,420 34,420 35,895 (1,475) Total expenditures 590,060 603,800 572,154 31,646

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (62,660) (76,400) (227,371) (214,263) OTHER FINANCING SOURCES (USES):

Transfers out (10,000) (10,000) - 10,000 Total other financing sources (uses) (10,000) (10,000) - 10,000 Net change in fund balance (72,660) (86,400) (227,371) (204,263) FUND BALANCE:

Beginning of year (114,353) (114,353) (114,353) - End of year (187,013)$ (200,753) $ (341,724) $ (204,263) $ $ (357,495)
(10,855)
25,413

3. The City budgets for interest on a cash basis 1,213

4. The City budgets for lease payment, but not at the inception of the lease 60,609

5. The City does not budget the required other financing lease or SBITA revenue at the inception of the lease (60,609)
Budgetary fund balance $ (341,724)
Budgeted Amounts

1. Financial statement only adjustment per GASB #31.

Fund balance from the Statement of Revenues, Expenditures and Changes in Fund Balances Explanation of differences from the Statement of Revenues, Expenditures and Changes in Fund Balances to Actual Amounts Budgetary Basis:

2. The City does not budget for deferred revenue.

City of Redding
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Parking Special Revenue Fund
For the Year Ended June 30, 2024
174 Packet Pg. 727
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental revenue $ 14,449,080 $ 14,449,080 $ 8,079,744 $ (6,369,336) Interest revenues 50,000 50,000 180,102 130,102 Total revenues 14,499,080 14,499,080 8,259,846 ( 6,239,234)

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 14,499,080 14,499,080 8,259,846 (6,239,234) OTHER FINANCING SOURCES (USES):

Transfers out (10,674,580) (10,674,580) (9,736,673) 937,907 Total other financing sources (uses) (10,674,580) (10,674,580) (9,736,673) 937,907 Net change in fund balance 3,824,500 3,824,500 (1,476,827) (5,301,327) FUND BALANCE:

Beginning of year 10,981,690 10,981,690 10,981,690 - End of year 14,806,190$ 14,806,190 $ 9,504,863 $ (5,301,327) $ $ 11,287,477
(165,165)

2. The City budgets for grants and taxes on a cash basis (1,587,288)

3. The City does not budget for revenue accruals. ( 30,161) $ 9,504,863 Budgetary fund balance
Budgeted Amounts

1. Financial statement only adjustment per GASB #31.

Explanation of differences from the Statement of Revenues, Expenditures and Changes in Fund Balances to Actual Amounts Budgetary Basis:

Fund balance from the Statement of Revenues, Expenditures and Changes in Fund Balances City of Redding
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Street Maintenance Special Revenue Fund
For the Year Ended June 30, 2024
175 Packet Pg. 728
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental $ 50,071,670 $ 62,550,811 $ 26,766,652 $ (35,784,159) Interest revenue 95,140 129,690 284,703 155,013 Use of money and property 634,610 634,610 168,158 (466,452) Other revenues 277,760 3,019,120 34 (3,019,086) Total revenues 51,079,180 66,334,231 27,219,547 (39,114,684) EXPENDITURES:

Current:

Community development 56,000,390 71,339,910 15,334,578 56,005,332 Total expenditures 56,000,390 71,339,910 15,334,578 56,005,332

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (4,921,210) (5,005,679) 11,884,969 16,890,648 Net change in fund balance (4,921,210) (5,005,679) 11,884,969 16,890,648 FUND BALANCE:

Beginning of year 57,298,357 57,298,357 57,298,357 - End of year $ 52,377,147 $ 52,292,678 $ 69, 183,326 $ 16,890,648 $ 69,941,770
(44,132)

2. The City does not budget for benefit accrual on a cash basis. 289,708

3. End of year encumbrances are included in actual expenditures budgetary basis, but are not included in the Statement of Revenues, Expenditures, and Fund Balance. (4,573,909)

4. The City doe not budget for interest accruals. (62,243)

5. The City does not budget for unearned revenue. 167,968

6. The City budgets for grants on a cash basis. - McConnell 3,464,164 $ 69,183,326 Budgetary fund balance
Budgeted Amounts

1. Financial statement only adjustment per GASB #31.

Explanation of differences from the Statement of Revenues, Expenditures and Changes in Fund Balances to Actual Amounts Budgetary Basis:

Fund balance from the Statement of Revenues, Expenditures and Changes in Fund Balances City of Redding
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Community Development Special Revenue Fund
For the Year Ended June 30, 2024
176 Packet Pg. 729
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental revenue $ 14,489,700 $ 15,677,07 9 $ 15,817,706 $ 140,627 Charges for services 14,300 27 ,536 27,536 - Use of money and property 115,040 115,040 99,358 (15,682) Interest 31,730 31,730 5,903 (25,827) Other revenues - - 17,224 17,224 Total revenues 14,650,770 15,851,385 15,967,727 116,342 EXPENDITURES:

Current:

Community development 15,109,000 16,632,790 15,504,397 1,128,393 Total expenditures 15,109,000 16,632,790 15,504,397 1,128,393

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (458,230) (781,405) 463,330 1,244,735 Net change in fund balance (458,230) (781,405) 463,330 1,244,735 FUND BALANCE:

Beginning of year 16,580,750 16,580,750 16,580,750 - End of year $ 16,122,520 $ 15,799,345 $ 17, 044,080 $ 1,244,735 $ 16,443,534
(43,364)

2. The City budgets for and records loans made in the expenditure accounts, but adjusts the actual disbursement to loans receivable. (57,319)

3. The City budgets for grants on a cash basis. 688,034

4. End of year encumbrances are included in actual expenditures budgetary basis, but are not included in the Statement of Revenues, Expenditures, and Fund Balance. (88,484)

5. The City does not budget for interest accruals. 2,321

6. The City does not budget for unearned revenue. 99,358 $ 17,044,080
Budgeted Amounts

1. Financial statement only adjustment per GASB #31.

Budgetary fund balance
Explanation of differences from the Statement of Revenues, Expenditures and Changes in Fund Balances to Actual Amounts Budgetary Basis:

Fund balance from the Statement of Revenues, Expenditures and Changes in Fund Balances City of Redding
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Housing Special Revenue Fund
For the Year Ended June 30, 2024
177 Packet Pg. 730
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental revenue $ - $ 6,436,668 $ 6,436,668 $ - Interest - - (229,793) (229,793) Total revenues - 6,436,668 6 ,206,875 (229,793) EXPENDITURES:

Current:

Community development - 6, 436,670 2,268,624 4,168,046 Total expenditures - 6,436,670 2 ,268,624 4,168,046

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES - (2) 3,938,251 (4,397,839) Net change in fund balance - (2) 3,938,251 (4,397,839) FUND BALANCE:

Beginning of year - - - - End of year $ - $ (2 ) $ 3,938,251 $ (4,397,839) $ (46,375)
(166,282)

2. The City does not budget for accounts payable or intergovernmental payable adjustments. (8,750)

3. The City budgets for grants on a cash basis. 5,6 44,167

4. End of year encumbrances are included in actual expenditures budgetary basis, but are not included in the Statement of Revenues, Expenditures, and Fund Balance. (1,467,373)

5. The City does not budget for interest accruals. (17,136) $ 3,938,251
Explanation of differences from the Statement of Revenues, Expenditures and Changes in Fund Balances to Actual Amounts Budgetary Basis:

Fund balance from the Statement of Revenues, Expenditures and Changes in Fund Balances

1. Financial statement only adjustment per GASB #31.

Budgetary fund balance
City of Redding
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Continuum of Care Special Revenue Fund
For the Year Ended June 30, 2024
Budgeted Amounts
178 Packet Pg. 731
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Sales tax $ 272,520 $ 272,520 $ 272,517 $ (3) Total revenues 272,520 272,520 27 2,517 (3)

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 272,520 272,520 272,517 (3) OTHER FINANCING SOURCES (USES):

Transfers out (272,520) (272,520) (272,517) 3 Total other financing sources (uses) (272,520) (272,520) (272,517) 3 Net change in fund balance - - - - FUND BALANCE:

Beginning of year - - - - End of year $ - $ - $ - $ - #REF!
Budgeted Amounts
City of Redding
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual General Special Revenue Fund
For the Year Ended June 30, 2024
179 Packet Pg. 732
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental $ - $ 150,4 70 $ 210,647 $ 60,177 Charges for services 1,665,780 1,673,780 1,640,643 (33,137) Fines, forfeitures and penalties - - 28,208 28,208 Interest revenue 3,000 3,0 00 82,061 79,061 Other revenue 3,930 6,600 7,460 860 Total revenues 1,672,710 1,833,850 1,969,0 19 135,169 EXPENDITURES:

Current:

Recreation and culture 2,590,200 2,903,4 50 4,022,514 (1,119,064) Total expenditures 2,590,200 2,903,450 4,022,5 14 (1,119,064)

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (917,490) (1,069,600) (2,053,495) (983,895) OTHER FINANCING SOURCES (USES):

Transfers in 994,230 1,135,350 994,235 (141,115) Transfers out (50,000) (50,010) - 50,010 Total other financing sources (uses) 944,230 1,085,340 994,235 (91,105) Net change in fund balance 26,740 15,740 (1,05 9,260) (1,075,000) FUND BALANCE:

Beginning of year 1,106,609 1,106,609 1,106,609 - End of year $ 1,133,349 $ 1,122,349 $ 47,349 $ (1,075,000) $ 1,193,795
(37,833)

2. The City does not budget for accounts payable adjustments. (232,502)

3. The City budgets for grants on a cash basis. ( 128,100)

4. The City budgets for interest on a cash basis. 1,629

5. End of year encumbrances are included in actual expenditures budgetary basis, but are not included in the Statement of Revenues, Expenditures, and Fund Balance. (749,640) $ 47,349 Budgetary fund balance
Budgeted Amounts

1. Financial statement only adjustment per GASB #31.

Explanation of differences from the Statement of Revenues, Expenditures and Changes in Fund Balances to Actual Amounts Budgetary Basis:

Fund Balance from the Statement of Revenues, Expenditures and Changes in Fund Balances City of Redding
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Library Special Revenue Fund
For the Year Ended June 30, 2024
180 Packet Pg. 733
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental revenue $ 35,760,180 $ 72,947,58 0 $ 15,680,604 $ (57,266,976) Charges for services - - 156,782 156,782 Fines, forfeitures and penalties - 117,130 500 (116 ,630) Use of money and property - - 73,264 73,2 64 Investment revenue 134,890 134,890 (842) (135,732) Other 1,674,870 3,538,080 4, 334,863 796,783 Total revenues 37,569,940 76,737,680 20,245,171 (56,492,509) EXPENDITURES:

Current:

General government 35,640 35,6 40 46,800 (11,160) Public works 50,243,890 82,500,120 26,664,839 55,835,281 Recreation and culture 22,841,040 36,521,640 6,969,570 29,552,070 Debt service:

Principal retirement 300,000 300,0 00 300,000 - Interest and fiscal charges 442,390 443,730 444,334 (604) Total expenditures 73,862,960 119,801,130 34,425,543 85,375,587

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (36,293,020) (43,063,450) (14,180,372) 28,883,078 OTHER FINANCING SOURCES (USES):

Transfers in - 152,760 - (152,760) Total other financing sources (uses) - 152,760 - (152,760) Net change in fund balance (36,293,020) (42,910,690) (14,180,372) 28,730,318 FUND BALANCE:

Beginning of year 1,495,651 1,495,651 1,495,651 - End of year $ (34,797,369) $ (41,415,039) $ (12,684 ,721) $ 28,730,318 $ 9,097,344
(139,574)
(107,480)
(20,693,655)
143,288
(13,450)

6. The City did not budget for revenue from the Agency Fund. (971,194) $ (12,684,721)Budgetary fund balance

4. The City budgets for grants on a cash basis.

5. The City budgets for interest on a cash basis.
not included in the Statement of Revenues, Expenditures, and Changes in Fund Balance.

Budgeted Amounts

1. Financial statement only adjustment per GASB #31.

2. The City does not budget for accounts payable adjustments.

3. End of year encumbrances are included in actual expenditures budgetary basis, but are Explanation of differences from the Statement of Revenues, Expenditures and Changes in Fund Balances to Actual Amounts Budgetary Basis:

Fund Balance from the Statement of Revenues, Expenditures and Changes in Fund Balances City of Redding
Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual General Capital Projects Fund - Major Fund
For the Year Ended June 30, 2024
181 Packet Pg. 734
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June This page intentionally left blank
182 Packet Pg. 735
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Enterprise funds account for operations that are financed and operated ina manner similar to a private business enterprise. The intent of the governing body is that the cost of providing goods or services be financed primarily through user charges. An enterprise fund is also used when the governing body has decided that periodic determination of revenues earned and expenses incurred and/or net income is appropriate for capital maintenance, public policy, management control, accountability or other purposes.

Airport
This fund was established to account for the operations of the City's airports.

Storm Drainage
This fund was established to account for the operations of the City's stormdrainage utility, a self-supporting activity which renders a service on a user-charge basis to residents and businesses.

Redding Area Bus Authority
This fund was established to account for the operations of the Redding Area Bus Authority.

Convention Center
This fund was established to account for the operations of the Convention Center.

NON-MAJOR

ENTERPRISE FUNDS
183 Packet Pg. 736
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Storm Redding
Drainage Area Bus Convention
Airport Utility Authority Center Total
ASSETS
Current assets:

Cash and investments - $ 3,951,066$ 955,698 $ 1,002,826 $ 5,909,590 $ Accounts receivable, net 86,022 64,803 28,523 5,000 184,348 Lease receivable 465,430 - 28,193 166,692 660,315 Interest receivable - 21,204 6,658 3,015 30,877 Intergovernmental receivable 1,019,215 257 2,966,907 - 3,986,379 Prepaid items 20,324 12,626 - 3,206 36,156 Inventories - 22,593 117,076 - 139,669 Total current assets 1,590,991 4,072,549 4,103,055 1,180,739 10,947,334 Non-current assets:

Restricted assets:

Cash and investments - 3,272,923 - - 3,272,923 Total restricted assets - 3,272,923 - - 3,272,923 Capital assets:

Land 6,242,894 909,184 2,622,238 - 9,774,316 Construction in progress 7,487,680 1,393,659 1,688,479 188,430 10,758,248 Depreciable capital assets, net 25,513,134 16,643,591 6,775,739 624,510 49,556,974 Total capital assets 39,243,708 18,946,434 11,086,456 812,940 70,089,538 Other assets:

Lease receivable, net current 8,144,458 - 62,000 675,612 8,882,070 Total other assets 8,144,458 - 62,000 675,612 8,882,070 Total non-current assets 47,388,166 22,219,357 11,148,456 1,488,552 82,244,531 Total assets 48,979,157 26,291,906 15,251,511 2,669,291 93,191,865

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to other post
employment benefits 348,513 166,695 - - 515,208 Deferred outflows related to pensions 621,277 497,800 - - 1,119,077 Total deferred outflows of resources 969,790 664,495 - - 1,634,285 (Continued)
City of Redding
Combining Statement of Net Position
Nonmajor Enterprise Funds
June 30, 2024
184 Packet Pg. 737
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Storm Redding
Drainage Area Bus Convention
Airport Utility Authority Center Total

LIABILITIES
Current liabilities:

Accounts payable 134,242 74,958 1,501,810 87,238 1,798,248 Accrued liabilities 28,498 26,182 9,877 - 64,557 Accrued interest payable 6,158 - - - 6,158 Intergovernmental payables 800 62 1,259,069 - 1,259,931 Due to other funds 514,560 - 161,426 - 675,986 Interfund payables 25,000 - - 18,000 43,000 Unearned revenue 19,886 871,350 415,413 - 1,306,649 Deposits payable 83,239 - 3,000 - 86,239 Compensated absences, due within one year 23,980 40,673 - - 64,653 Long-term debt, due within one year - 884 32,157 - 33,041 State loan, due within one year 32,241 - - - 32,241 Aggregate net OPEB liability 65,604 30,471 - - 96,075 Total current liabilities 934,208 1,044,580 3,382,752 105,238 5,466,778 Long-term liabilities:

Compensated absences, due in more than one year 40,697 87,782 - 128,479 Advances from other funds 1,499,384 - - 1,499,193 2,998,577 State loan, due in more than one year 271,114 - - - 271,114 Aggregate net OPEB liability 612,675 293,952 - - 906,627 Aggregate net pension liability 2,286,786 1,341,700 - - 3,628,486 Total long-term liabilities 4,710,656 1,723,434 - 1,499,193 7,933,283 Total liabilities 5,644,864 2,768,014 3,382,752 1,604,431 13,400,061

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to other post
employment benefits 32,656 15,620 - - 48,276 Deferred inflows related to pensions 6 636 - - 642 Deferred inflows related to leases 8,609,888 - 90,193 842,304 9,542,385 Total deferred inflows of resources 8,642,550 16,256 90,193 842,304 9,591,303

NET POSITION
Net investment in capital assets 38,940,353 18,945,550 10,994,299 812,940 69,693,142 Unrestricted (deficit) (3,278,820) 5,226,581 784,267 (590,384) 2,141,644 Total net position 35,661,533$ 24,172,131 $ 11,778,566 $ 222,556 $ 71,834,786 $ (Concluded)
Combining Statement of Net Position (Continued)
Nonmajor Enterprise Funds
June 30, 2024
City of Redding
185 Packet Pg. 738
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June This page intentionally left blank
186 Packet Pg. 739
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Storm Redding
Drainage Area Bus Convention
Airport Utility Authority Center Total
OPERATING REVENUES:

User fees and charges 195,355 $ 2,280,989 $ 1,536,625 $ - $ 4,012,969$ Rental fees 1,789,943 - - 181,852 1,971,795 Other operating revenue 1,085,499 - - - 1,085,499 Total operating revenues 3,070,797 2,280,989 1,536,625 181,852 7,070,263 OPERATING EXPENSES:

Cost of power, water, and transportation - - 4,827,677 - 4,827,677 Maintenance, operations, and administration 3,822,817 1,862,968 3,031,385 1,118,049 9,835,219 Depreciation and amortization 1,841,941 1,215,140 1,332,274 74,945 4,464,300 Total operating expenses 5,664,758 3,078,108 9,191,336 1,192,994 19,127,196 Operating gain (loss) (2,593,961) (797,119) (7,654,711) (1,011,142) (12,056,933) NONOPERATING REVENUE (EXPENSES):

Net investment earnings (loss) (1,688) 317,088 (6,681) 39,389 348,108 Interest expense (13,459) (731) (4,323) (321) (18,834) Intergovernmental revenues 688,180 461,820 5,944,471 - 7,094,471 Gain (loss) on disposal of assets 249,792 - - - 249,792 Other non-operating revenues (expenses) 396,457 6,783 54,859 - 458,099 Total nonoperating revenues (expenses) 1,319,282 784,960 5,988,326 39,068 8,131,636 Gain (loss) before operating
transfers and capital contributions (1,274,679) (12,159) (1,666,385) (972,074) (3,925,297) Capital contributions 134,568 957,854 1,354,616 - 2,447,038 Transfers in - 469,503 - 1,038,484 1,507,987 Transfers out (307,236) - - - (307,236) Change in net position (1,447,347) 1,415,198 (311,769) 66,410 (277,508) NET POSITION:

Beginning of year 37,108,880 22,756,933 12,090,335 156,146 72,112,294 End of year 35,661,533 $ 24,172,131 $ 11,778,566 $ 222,556 $ 71,834,786 $ City of Redding
Statement of Revenues, Expenses, and Changes in Net Position Nonmajor Enterprise Funds
For the Year Ended June 30, 2024
187 Packet Pg. 740
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Storm Redding
Drainage Area Bus Convention
Airport Utility Authority Center Total
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash received from customers 3,019,402 $ 2,283,476 $ 1,508,120 $ 176,852 $ 6,987,850 $ Cash paid to suppliers (2,462,166) (1,322,832) (6,070,597) (1,089,601) (10,945,196) Cash paid to employees (1,218,278) (897,866) - (26,584) (2,142,728) Other operating revenue 48,671 - - - 48,671 Net cash provided by (used in) operating activities (612,371) 62,778 (4,562,477) (939,333) (6,051,403)

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Intergovernmental revenue received 1,950,241 461,820 4,281,683 - 6,693,744 Advances from other funds 514,560 - 161,426 - 675,986 Repayment of advances from other funds (5,517,888) - (240,326) (54,531) (5,812,745) Transfers in - 469,503 - 1,038,484 1,507,987 Transfers out (307,236) - - - (307,236) Net cash provided by
non-capital financing activities (3,360,323) 931,323 4,202,783 983,953 2,757,736

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Capital grants received 4,325,234 (461,820) 344,396 - 4,207,810 Proceeds from sale of assets 271,057 - 116,626 - 387,683 Purchases of capital assets (879,814) (1,037,469) (1,365,825) - (3,283,108) Rents received - - 54,859 - 54,859 Interest paid (9,772) (731) (4,323) (641) (15,467) Principal paid on long-term debt (80,266) (11,167) (28,485) (31,130) (151,048) Cash collected for future capital outlay 347,786 6,783 - - 354,569 Net cash provided by (used in)
capital and related financing activities 3,974,225 (1,504,404) (882,752) (31,771) 1,555,298 CASH FLOWS FROM INVESTING ACTIVITIES:

Net investment earnings (loss) (1,533) 336,494 (4,410) 36,387 366,938 Net cash provided by (used in) investing activities (1,533) 336,494 (4,410) 36,387 366,938 Net increase (decrease) in cash
and cash equivalents (2) (173,809) (1,246,856) 49,236 (1,371,431) CASH AND CASH EQUIVALENTS:

Beginning of year 2 7,397,798 2,202,554 953,590 10,553,944 End of year - $ 7,223,989$ 955,698 $ 1,002,826 $ 9,182,513 $ Reconciliation to statement of net position:

Cash and cash equivalents -$ 3,951,066$ 955,698 $ 1,002,826 $ 5,909,590 $ Restricted cash and cash equivalents - 3,272,923 - - 3,272,923 -$ 7,223,989$ 955,698 $ 1,002,826 $ 9,182,513 $ (Continued)
City of Redding
Combining Statement of Cash Flows
Nonmajor Enterprise Funds
For the Year Ended June 30, 2024
188 Packet Pg. 741
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Storm Redding
Drainage Area Bus Convention
Airport Utility Authority Center Total

RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:

Operating income (loss) to net cash provided by (used in) (2,593 ,961)$ (797,119) $ (7,654,711)$ (1,011,142) $ (12,056,933) $ Adjustments to reconcile operating (loss) to net
cash provided (used) by operating activities:

Other non-operating revenue and expense 48,671 - - - 48,671 Depreciation and amortization 1,841,941 1,215,140 1,332,274 74,945 4,464,300 (Increase) decrease in accounts receivable (51,395) 2,487 (28,505) (5,000) (82,413) (Increase) decrease in inventories - 35,940 (11,352) - 24,588 (Increase) decrease in prepaid items (20,324) (11,706) - (1,711) (33,741) (Increase) decrease in accounts payable (127,642) (377,333) 660,216 3,575 158,816 Increase (decrease) in accrued liabilities 3,994 3,440 694 - 8,128 Increase (decrease) in deposits liability (900) - - - (900) Increase (decrease) in intergovernmental payable 800 62 1,134,492 - 1,135,354 Increase (decrease) in unearned revenue (8,556) - 4,415 - (4,141) Increase (decrease) in accrued compensated absences (20,383) 19,979 - - (404) Other post employment benefits related items 30,656 25,190 - - 55,846 Pension related items 284,728 (53,302) - - 231,426 Total adjustments 1,981,590 859,897 3,092,234 71,809 6,005,530 Net cash provided by (used) operating activities (612,371)$ 62,778 $ (4,562,477)$ (939,333) $ (6,051,403)$

SCHEDULE OF NONCASH CAPITAL AND
RELATED FINANCING ACTIVITIES:

Plant contributed from developers - $ 957,854$ - $ - $ 957,854$ Transfer of capital assets - 469,503 - - 469,503 Total non-cash capital and
related financing activities -$ 1,427,357$ - $ - $ 1,427,357$ (Concluded)
Combining Statement of Cash Flows (Continued)
Nonmajor Enterprise Funds
For the Year Ended June 30, 2024
City of Redding
189 Packet Pg. 742
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June This page intentionally left blank
190 Packet Pg. 743
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June

INTERNAL SERVICE FUNDS
Internal service funds are used to finance and account for special activities and services performed by a designated department to other departments within the same governmental unit on a cost reimbursement basis.

Equipment Fund
This fund was established to account for all motorized and communications equipment utilization by City departments.

Information Systems Fund
This fund was established to account for the data processing activities utilized by all City departments.

General Support Services Fund
This fund was established to account for general support services utilized by all City departments.

Risk Management Fund
This fund was established to account for the self-insurance activities of the City.

Municipal Utilities Support Fund
This fund was established to provide management and electrical technician support to the Utilities an d Street Maintenance.
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Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Information General Support
Equipment Systems Services
ASSETS
Current assets:

Cash and investments 743,873$ 3,129,914 $ 1,765,027 $ Interest receivable 1,477 9,554 5,916 Accounts receivable, net 92 - 1,146 Prepaid items 48,328 64,091 66,243 Intergovernmental receivable 277 - - Inventories 577,323 - - Interfund receivable - - - Total current assets 1,371,370 3,203,559 1,838,332 Non-current assets:

Capital assets:

Land - - 110,810 Construction in progress - 1,845,862 598,035 Depreciable capital assets, net 365,593 3,890,283 271,907 Capital assets, net 365,593 5,736,145 980,752 Other assets:

Advances to other funds - - - Total other assets - - - Total non-current assets 365,593 5,736,145 980,752 Total assets 1,736,963 8,939,704 2,819,084

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to other post employment benefits 751,624 845,707 938,235 Deferred outflows related to pensions 1,673,032 1,836,599 2,372,336 Total deferred outflows of resources 2,424,656 2,682,306 3,310,571

LIABILITIES
Current liabilities:

Accounts payable 126,350 395,693 137,744 Intergovernmental payable - - 4,500 Accrued liabilities 61,856 60,273 88,472 Claims and judgements payable - - - Interfund payable - - 6,250 Unearned revenue - - - Compensated absences - current 79,737 119,170 161,000 Long-term debt, due within one year - 420,716 56,847 Aggregate net OPEB liability 131,326 147,717 171,815 Total current liabilities 399,269 1,143,569 626,628 Long-term liabilities:

Compensated absences 197,451 322,973 362,490 Claims and judgements - - - Long-term debt, due in more than one year - 1,216,115 41,627 Aggregate net OPEB liability 1,331,490 1,498,200 1,654,183 Aggregate net pension liability 5,182,825 5,781,856 6,927,421 Total long-term liabilities 6,711,766 8,819,144 8,985,721 Total liabilities 7,111,035 9,962,713 9,612,349

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to other post employment benefits 70,431 79,248 87,917 Deferred inflows related to pensions 1,269 1,275 2,343 Total deferred inflows of resources 71,700 80,523 90,260

NET POSITION
Investment in capital assets 365,593 4,099,314 882,279 Unrestricted (deficit) (3,386,709) (2,520,540) (4,455,233) Total net position (3,021,116)$ 1,578,774 $ (3,572,954)$ (Continued)
City of Redding
Combining Statement of Net Position
All Internal Service Funds
June 30, 2024
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Management Support Total
ASSETS
Current assets:

Cash and investments 13,328,517$ 1,901,783 $ 20,869,114 $ Interest receivable 27,462 7,567 51,976 Accounts receivable, net 137,528 - 138,766 Prepaid items 409,537 47,616 635,815 Intergovernmental receivable - - 277 Inventories - - 577,323 Interfund receivable 43,000 - 43,000 Total current assets 13,946,044 1,956,966 22,316,271 Non-current assets:

Capital assets:

Land - - 110,810 Construction in progress - - 2,443,897 Other capital assets, net - 359,050 4,886,833 Capital assets, net - 359,050 7,441,540 Other assets:

Advances to other funds 3,185,490 - 3,185,490 Total other assets 3,185,490 - 3,185,490 Total non-current assets 3,185,490 359,050 10,627,030 Total assets 17,131,534 2,316,016 32,943,301

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to other post employment benefits 234,010 955,869 3,725,445 Deferred outflows related to pensions 518,895 2,760,265 9,161,127 Total deferred outflows of resources 752,905 3,716,134 12,886,572

LIABILITIES
Current liabilities:

Accounts payable 224,800 27,989 912,576 Intergovernmental payable 1,766,038 - 1,770,538 Accrued liabilities 31,641 96,510 338,752 Claims and judgements payable 5,036,490 - 5,036,490 Interfund payable - - 6,250 Unearned revenue 6,240 - 6,240 Compensated absences - current 33,133 249,342 642,382 Long-term debt, due within one year - - 477,563 Aggregate net OPEB liability 43,700 177,978 672,536 Total current liabilities 7,142,042 551,819 9,863,327 Long-term liabilities:

Compensated absences 83,955 470,424 1,437,293 Claims and judgements 13,605,950 - 13,605,950 Long-term debt, due in more than one year - - 1,257,742 Aggregate net OPEB liability 411,730 1,682,338 6,577,941 Aggregate net pension liability 1,610,923 7,221,855 26,724,880 Total long-term liabilities 15,712,558 9,374,617 49,603,806 Total liabilities 22,854,600 9,926,436 59,467,133

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to other post employment benefits 21,928 89,570 349,094 Deferred inflows related to pensions 389 3,804 9,080 Total deferred inflows of resources 22,317 93,374 358,174

NET POSITION
Investment in capital assets 359,050 5,706,236 Unrestricted (deficit) (4,992,478) (4,346,710) (19,701,670) Total net position (4,992,478)$ (3,987,660)$ (13,995,434)$ (Concluded)
June 30, 2024
All Internal Service Funds
Combining Statement of Net Position (Continued)
City of Redding
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Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June General Municipal
Information Support Risk Utilities
Equipment Systems Services Management Support Total
OPERATING REVENUES:

User fees and charges 6,865,354 $ 6,627,950 $ 8,025,440 $ 71,665,513 $ 6,860,570 $ 100,044,827 $ Other operating revenue 7,009 - - 33,524 - 40,533 Total operating revenues 6,872,363 6,627,950 8,025,440 71,699,037 6,860,570 100,085,360 OPERATING EXPENSES:

Maintenance, operations,
and administration 7,430,522 4,068,737 8,612,755 70,575,132 5,894,973 96,582,119 Depreciation and amortization 140,775 964,212 126,617 - 71,140 1,302,744 Total operating expenses 7,571,297 5,032,949 8,739,372 70,575,132 5,966,113 97,884,863 OPERATING INCOME (LOSS) (698,934) 1,595,001 (713,932) 1,123,905 894,457 2,200,497

NONOPERATING REVENUE
(EXPENSES):

Net investment earnings (loss) 35,590 123,884 90,381 328,649 66,516 645,020 Interest expense (4,129) (39,565) (7,683) - (5,595) (56,972) Intergovernmental revenues 3,596 48 180,308 225,236 41,323 450,511 Gain (loss) on disposal of capital assets - - 2,228 - - 2,228 Total nonoperating expenses 35,057 84,367 265,234 553,885 102,244 1,040,787 Income (loss) before transfers
and contributions (663,877) 1,679,368 (448,698) 1,677,790 996,701 3,241,284 Transfers in - - - - 33,133 33,133 Transfers out - - - - (4,800) (4,800) Changes in net position (663,877) 1,679,368 (448,698) 1,677,790 1,025,034 3,269,617 NET POSITION:

Beginning of year (2,357,239) (100,594) (3,124,256) (6,670,268) (5,012,694) (17,265,051) End of year (3,021,116) $ 1,578,774 $ (3,572,954) $ (4,992,478) $ (3,987,660) $ (13,995,434) $ (3,386,709) (2,520,540) (4,455,233) (4,992,478) (4,346,710) - - $ - - - - City of Redding
Combining Statement of Activities and Changes in Net Position All Internal Service Funds
For the Year Ended June 30, 2024
195 Packet Pg. 748
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June General Municipal
Information Support Risk Utilities
Equipment Systems Services Management Support Total

CASH FLOWS FROM
OPERATING ACTIVITIES:

Cash received from other funds 6,865,354 $ 6,627,950 $ 8,026,033 $ 71,496,316 $ 6,860,570 $ 99,876,223 $ Cash paid to suppliers (4,202,156) (1,105,407) (3,729,071) (68,563,555) (1,416,245) (79,016,434) Cash paid to employees (2,647,441) (2,613,381) (4,388,597) (1,610,332) (4,863,520) (16,123,271) Net cash provided by
operating activities 15,757 2,909,162 (91,635) 1,322,429 580,805 4,736,518

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Repayment of advances to other funds - - - 79,530 - 79,530 Advances to other funds - - (25,000) - - (25,000) Intergovernmental revenue received 3,596 48 180,308 225,236 41,323 450,511 Transfers out - - - - (4,800) (4,800) Net cash provided by (used in)
noncapital financing activities 3,596 48 155,308 304,766 36,523 500,241

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Proceeds from sale of assets - - 2,228 - - 2,228 Purchase of capital assets - (2,369,302) (176,776) - (41,008) (2,587,086) Interest paid (4,129) (39,565) (7,683) - (5,596) (56,973) Principal paid on long-term debt - (560,010) (59,193) - - (619,203) Cash collected for future capital outlay 7,009 - - 33,524 - 40,533 Net cash (used in)
capital and related financing activities 2,880 (2,968,877) (241,424) 33,524 (46,604) (3,220,501)

CASH FLOWS FROM
INVESTING ACTIVITIES:

Investment revenue received 36,219 130,147 93,541 366,367 65,356 691,630 Net cash (used in)
investing activities 36,219 130,147 93,541 366,367 65,356 691,630 Net increase (decrease) in cash
and cash equivalents 58,452 70,480 (84,210) 2,027,086 636,080 2,707,888 CASH AND CASH EQUIVALENTS:

Beginning of year 685,421 3,059,434 1,849,237 11,301,431 1,265,703 18,161,226 End of year 743,873 $ 3,129,914 $ 1,765,027 $ 13,328,517 $ 1,901,783 $ 20,869,114 $ (Continued)
City of Redding
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2024
196 Packet Pg. 749
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June General Municipal
Information Support Risk Utilities
Equipment Systems Services Management Support Total

RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:

Operating income (loss) to net cash provided by
(used in) (705,943)$ 1,595,001 $ (713,932) $ 1,090,381 $ 894,457 $ 2,159,964 $ Adjustments to reconcile operating
income (loss) to net cash provided
(used) by operating activities:

Depreciation and amortization 140,775 964,212 126,617 - 71,140 1,302,744 (Increase) decrease in
accounts receivable - - 593 14,303 - 14,896 (Increase) decrease in inventories (100,355) - - - - (100,355) (Increase) decrease in prepaid items (46,774) 27,337 66,060 (408,531) (47,616) (409,524) Increase (decrease) in
accounts payable 110,029 (191,225) 77,435 (168,640) 10,409 (161,992) Increase (decrease) in
accrued liabilities 4,191 10,593 (23,035) (1,429) 9,446 (234) Increase (decrease) in claims
and judgements payable - - - 125,200 - 125,200 Increase (decrease) in
intergovernmental payable - - (39,314) 669,058 - 629,744 Increase (decrease) in
unearned revenue - - - (183,500) - (183,500) Increase (decrease) in accrued
compensated absences (20,066) 70,024 (32,737) 22,264 25,966 65,451 Other post employment benefits
related items 184,061 207,638 - 24,642 106,758 523,099 Pension related items 449,839 225,582 446,678 138,681 (489,755) 771,025 Total adjustments 721,700 1,314,161 622,297 232,048 (313,652) 2,576,554 Net cash provided by
operating activities 15,757$ 2,909,162$ (91,635) $ 1,322,429 $ 580,805 $ 4,736,518 $ Schedule of noncash capital activities:

Right-to-use subscription debt issued - $ 2,104,608$ 22,693 $ - $ - $ 2,127,301$ Right-to-use subscription assets capitalized from
debt issued - (2,104,608) (22,693) - - (2,127,301) Transfer in of capital assets - - - - (4,800) (4,800) Total non-cash capital and related
financing activities -$ - $ - $ - $ (4,800)$ (4,800) $ (Concluded)
Combining Statement of Cash Flows (Continued)
Internal Service Funds
For the Year Ended June 30, 2024
City of Redding
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FIDUCIARY FUNDS - CUSTODIAL FUNDS
The Custodial Funds are used to account for assets heldby a government unit as an agent for individuals, governmental entities (other than the City) and non-public organizations.

Special Deposits
This fund was established to account for deposits and collect monies for various community events, which are remitted to the organizers.

IPSS Fund
This fund collects and disburses payments for a jointpowers authority (JPA)between the Cities of Redding, Anderson, and Shasta County. The JPA is responsible for integrating public safety records between the entities.

Enterprise Anderson Groundwater Fund
This fund collects and disburses payments for an MOU between the City of Redding, Shasta County, the City of Anderson, ACID, CCCSD, and BVWD. The purposes of the MOU are to comply with the Sustainable Groundwater Management Act of 2014, ensure the continued sustainability of the Anderson and Enterprise Subbasins, and to develop, adopt, implement and manage a groundwater sustainability plan for the sustainable management of groundwater within the Enterprise and Anderson Subbasins of the Redding Area Groundwater Basin while keeping the complexity and costs as low as practicable.
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Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Enterprise
Special Anderson
Deposits IPSS Groundwater
Fund Fund Fund Total
ASSETS
Cash and cash equivalents 1,776,951 $ 840,682 $ - $ 2,617,633$ Accounts receivable 5,484 99,327 - 104,811 Intergovernmental receivable - - 66,391 66,391 Interest receivable 14,190 2,634 - 16,824 Capital assets
Construction in progress - 2,380,119 - 2,380,119 Depreciable capital assets, net - 51,384 - 51,384 Total assets 1,796,625 3,374,146 66,391 5,237,162

LIABILITIES
Deposits 1,543,619 - - 1,543,619 Accounts payable 222,516 128,045 - 350,561 Accrued payroll - 21,226 623 21,849 Intergovernmental payable 11,892 - 64,987 76,879 Total liabilities 1,778,027 149,271 65,610 1,992,908

NET POSITION
Individuals, organizations, and other governments 18,598 3,224,875 781 3,244,254 Total net position 18,598$ 3,224,875 $ 781 $ 3,244,254$ City of Redding
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2024
200 Packet Pg. 753
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Enterprise
Special Anderson
Deposits IPSS Groundwater
Fund Fund Fund Total

ADDITIONS
Intergovernmental - fees - $ 821,327$ - $ 821,327$ Intergovernmental - grants - - 98,756 98,756 User fees - 567,187 - 567,187 Investment income (loss) (22,387) 28,530 490 6,633 Total additions (22,387) 1,417,044 99,246 1,493,903

DEDUCTIONS
Administration - 1,138,578 15,328 1,153,906 Software maintenance and support - 127,251 - 127,251 Project payments - 130,491 88,113 218,604 Depreciation - 27,486 - 27,486 Total deductions - 1,423,806 103,441 1,527,247 Changes in net position (22,387) (6,762) (4,195) (33,344)

NET POSITION
Beginning of year 40,985 3,231,637 4,976 3,277,598 End of year 18,598$ 3,224,875 $ 781 $ 3,244,254$ City of Redding
Combining Statement Changes in Fiduciary Net Position
Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2024
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OTHER SUPPLEMENTARY

INFORMATION
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OTHER SUPPLEMENTARY

INFORMATION
Other Supplementary Information is provided for the City of Redding Municipal Airport Passenger Facility Charges activity for the fiscal year. Passenger Facility Charge is a fee charged oncommercial airline tickets for every enplaned passenger. Commercial airports use these fees to fund FAA-approved projects that enhance safety, security, or capacity; reduce noise; or increase air carrier competition.

Below is the current approved application of projects funded by Passenger Facility Charges:

Application 11-04-C-01-RDD
001-Storage Building for FAR Part 139 Equipment
002-Update Airport Layout Plan (ALP)
003-Prepare Airport Electrical Master Plan
004-Acquire Aircraft Rescue Fire Fighting (ARFF) Equipment 005-Rehabilitate Airfield Guidance Signs
006-Rehabilitate Runway 13/34 - Design Only
007-Rehabilitate Parallel and Connecting Taxiways - Design Only 008-Rehabilitate Terminal Building
009-Conduct Wildlife Hazard Assessment
010-Terminal Building Expansion - Design Only
011-PFC Administration Costs
017-Rehabilitate and Expand Terminal Building
Application 17-05-C-00-RDD
001-Aircraft Rescue and Fire Fighting Vehicle Acquisition 002-Airport Master Plan Update
003-ADA Passenger Loading Ramp
004-Airport Pavement Management System Study
005-T-Hangar Taxilane Reconstruction
006-West Tie Down Apron Reconstruction
007-Airccraft Rescue and Fire Fighting Station Modifications 009-Environmental Assessment Parallel Runway
013-PFC Application/Administration Costs
Application 23-06-C-00-RDD
001-PFC Audit
002-Guidance Sign Installation & Misc NAVAID
003-Terminal Loop Design
004-AAAE-IET Training Program
005-Update Airport Master Plan Study
006-Master Drainage Study
205 Packet Pg. 758
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Cumulative Total September 30, December 31,
June 30, 2023 2023 2023
Unexpended (over expended) passenger facility
charges and interest, beginning of period 247,576$ 340,055 $ 407,127 $ Revenues:

Amount
Approved
Passenger facility charges collected 4,870,953 94,708 102,828 Interest earned 25,786 114 173 Total passenger facility charge revenue 6,483,283 $ 4,896,739 94,822 103,001 Expenses:

Project Number/Project Name
Amount
Approved
Completed and Closed Applications 2,766,535 $ 2,766,535 - - Open Projects
Application 11-04-C-01-RDD
001-Storage Building for FAR Part 139 Equipment 14,791 14,791 - - 002-Update Airport Layout Plan (ALP) 1,500 1,500 - - 003-Prepare Airport Electrical Master Plan 1,500 1,500 - - 004-Acquire Aircraft Rescue Fire Fighting (ARFF) Equipment 1,992 1,992 - - 005-Rehabilitate Airfield Guidance Signs 16,588 16,588 - - 006-Rehabilitate Runway 13/34 - Design Only 3,250 3,250 - - 007-Rehabilitate Parallel and Connecting Taxiways - Design Only 2,302 2,302 - - 008-Rehabilitate Terminal Building 60,346 60,346 - - 009-Conduct Wildlife Hazard Assessment 4,510 4,510 - - 010-Terminal Building Expansion - Design Only 12,498 12,498 - - 011-PFC Administration Costs 35,000 35,000 - - 017-Rehabilitate and Expand Terminal Building 519,645 519,645 - - Application 17-05-C-00-RDD
001-Aircraft Rescue and Fire Fighting Vehicle Acquisition 68,676 68,676 - - 002-Airport Master Plan Update 44,832 44,800 - - 003-ADA Passenger Loading Ramp 4,984 4,984 - - 004-Airport Pavement Management System Study 4,735 4,735 - - 005-T-Hangar Taxilane Reconstruction 458,672 394,850 - - 006-West Tie Down Apron Reconstruction 323,278 313,730 - -

007-Airccraft Rescue and Fire Fighting Station Modifications 1,7 35 1,735 - - 009-Environmental Assessment Parallel Runway 32,690 187 - - 013-PFC Application/Administration Costs 150,000 54,870 - - Application 23-06-C-00-RDD
001-PFC Audit 61,141 61,141 - - 002-Guidance Sign Installation & Misc NAVAID 30,811 30,811 - - 003-Terminal Loop Design 53,633 67,660 - - 004-AAAE-IET Training Program 42,000 14,250 27,750 - 005-Update Airport Master Plan Study 103,927 32,640 - - 006-Master Drainage Study 52,001 21,158 - - Application 24-07-C-00-RDD
001-PFC Audit 10,750 - - - 002-PFC Application 67,222 - - - 003-NEPA Environmental Evaluation for Runway 16-34 Improvements 17,051 - - - 004-Runway 16-34 Rehabilitation Design 87,288 - - - 005-Runway 16-34 Blast Pad Design 6,006 - - - 006-Runway 16-34 Connector Taxiways Design 10,414 - - - 007-Runway 16-34 MAGVAR Update Design 431 - - - 008-Runway 16-34 Rehabilitation Construction 1,532,385 - - - 009-Runway 16-34 Blast Pad Construction 106,615 - - - 010-Runway 16-34 Connector Taxiways Construction 201,900 - - -
011-Runway 16-34 MAGVAR Update Construction 7,655 - - - Total passenger facility charge revenue expenditures 4,556,684 27,750 - Unexpended (over expended) passenger facility
charges and interest, end of period 340,055$ 407,127 $ 510,128 $ (Continued)
City of Redding
Redding Municipal Airport
Schedule of Passenger Facility Charges Collected and Expended and Interest Collected For the Quarters Ended September 30, 2023, December 31, 2023, March 31, 2024, and June 30, 2024 For the Quarter Ended
206 Packet Pg. 759
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Ended
March 31, June 30, June 30, Cumulative Total
2024 2024 2024 June 30, 2024
Unexpended (over expended) passenger facility 510,128 $ 459,685 $ 340,055 $ - $ charges and interest, beginning of period
Revenues:

Amount
Approved
Passenger facility charges collected 72,425 87,815 357,776 5,228,729 Interest earned 138 193 618 26,404 Total passenger facility charge revenue 72,563 88,008 358,394 5,255,133 Expenses:

Project Number/Project Name
Completed and Closed Applications - - - 2,766,535 Open Projects
Application 11-04-C-01-RDD
001-Storage Building for FAR Part 139 Equipment - - - 14,791 002-Update Airport Layout Plan (ALP) - - - 1,500 003-Prepare Airport Electrical Master Plan - - - 1,500 004-Acquire Aircraft Rescue Fire Fighting (ARFF) Equipment - - - 1,992 005-Rehabilitate Airfield Guidance Signs - - - 16,588 006-Rehabilitate Runway 13/34 - Design Only - - - 3,250 007-Rehabilitate Parallel and Connecting Taxiways - Design Only - - - 2,302 008-Rehabilitate Terminal Building - - - 60,346 009-Conduct Wildlife Hazard Assessment - - - 4,510 010-Terminal Building Expansion - Design Only - - - 12,498 011-PFC Administration Costs - - - 35,000 017-Rehabilitate and Expand Terminal Building - - - 519,645 Application 17-05-C-00-RDD
001-Aircraft Rescue and Fire Fighting Vehicle Acquisition - - - 68,676 002-Airport Master Plan Update - - - 44,800 003-ADA Passenger Loading Ramp - - - 4,984 004-Airport Pavement Management System Study - - - 4,735 005-T-Hangar Taxilane Reconstruction - - - 394,850

006-West Tie Down Apron Reconstruction - - - 313,730 007-Airccraft Rescue and Fire Fighting Station Modifications - - - 1,735 009-Environmental Assessment Parallel Runway - - - 187 013-PFC Application/Administration Costs - - - 54,870 Application 23-06-C-00-RDD
001-PFC Audit - - - 61,141 002-Guidance Sign Installation & Misc NAVAID - - - 30,811 003-Terminal Loop Design - - - 67,660 004-AAAE-IET Training Program - - 27,750 42,000 005-Update Airport Master Plan Study - - - 32,640 006-Master Drainage Study - - - 21,158 Application 24-07-C-00-RDD
001-PFC Audit 14,796 (4,080) 10,716 10,716 002-PFC Application 22,567 766 23,333 23,333 003-NEPA Environmental Evaluation for Runway 16-34 Improvements - - - 004-Runway 16-34 Rehabilitation Design 71,453 12,212 83,665 83,665 005-Runway 16-34 Blast Pad Design 4,919 841 5,760 5,760 006-Runway 16-34 Connector Taxiways Design 8,525 1,457 9,982 9,982 007-Runway 16-34 MAGVAR Update Design 350 60 410 410 008-Runway 16-34 Rehabilitation Construction 328 5,130 5,458 5,458 009-Runway 16-34 Blast Pad Construction 23 357 380 380
010-Runway 16-34 Connector Taxiways Construction 43 676 719 719 011-Runway 16-34 MAGVAR Update Construction 2 26 28 28 Total passenger facility charge revenue expenditures 123,006 17,445 168,201 4,724,885 Unexpended (over expended) passenger facility
charges and interest, end of period 459,685 $ 530,248 $ 530,248 $ 530,248 $ (Concluded)
For the Quarters Ended September 30, 2023, December 31, 2023, March 31, 2024, and June 30, 2024 For the Quarter Ended
City of Redding
Redding Municipal Airport
Schedule of Passenger Facility Charges Collected and Expended and Interest Collected (Continued) 207 Packet Pg. 760
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STATISTICAL

SECTION
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Financial Trends 212
These schedules contain trend information to help the reader understand how the City’s financial performance and well-being have changed over time.

Revenue Capacity 223
These schedules contain information to help the reader assess the City’s most significant local revenues sources.

Debt Capacity 230
These schedules present information to help the reader assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future.

Demographic and Economic Information 241
These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activitiestake place.

Operating Information 245
These schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs.

This part of the City of Redding's annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City’s overall financial health.

City of Redding
Statistical Section
Overview
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Governmental activities
Net investment in capital assets 303,789,845$ 304,441,380 $ 299,478,797 $ 298,515,126 $ 296,238,160 $ Restricted 44,242,198 43,495,762 42,760,454 41,076,874 67,544,524 Unrestricted (150,344,065) (146,838,910) (157,129,728) (135,453,029) (157,348,852) Total governmental activities net position 197,687,978$ 201,098,232 $ 185,109,523 $ 204,138,971 $ 206,433,832 $ Business-type activities
Net investment in capital assets 286,401,920$ 284,346,442 $ 293,920,914 $ 314,064,755 $ 320,934,467 $ Restricted 18,326,176 15,155,154 14,068,393 12,204,596 10,072,298 Unrestricted 32,692,674 54,363,934 66,198,888 99,325,093 112,968,216 Total business-type activities net position 337,420,770$ 353,865,530 $ 374,188,195 $ 425,594,444 $ 443,974,981 $ Primary government
Net investment in capital assets 590,191,765$ 588,787,822 $ 593,399,711 $ 612,579,881 $ 617,172,627 $ Restricted 62,568,374 58,650,916 56,828,847 53,281,470 77,616,822 Unrestricted (117,651,391) (92,474,976) (90,930,840) (36,127,936) (44,380,636) Total primary government net position 535,108,748$ 554,963,762 $ 559,297,718 $ 629,733,415 $ 650,408,813 $ Source: City of Redding Annual Comprehensive Financial Report City of Redding
Fiscal Year
Last Ten Fiscal Years Ended June 30, 2024
(accrual basis of accounting)
Net Position by Component
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Governmental activities
Net investment in capital assets 293,561,715$ 307,597,872 $ 317,742,758 $ 335,471,207 $ 348,502,520 $ Restricted 67,415,758 99,523,339 99,799,590 123,734,817 131,861,615 Unrestricted (152,188,061) (157,650,758) (146,175,614) (152,837,374) (169,117,666) Total governmental activities net position 208,789,412$ 249,470,453 $ 271,366,734 $ 306,368,650 $ 311,246,469 $ Business-type activities
Net investment in capital assets 327,301,815$ 358,579,485 $ 368,787,712 $ 392,864,351 $ 425,350,722 $ Restricted 8,589,905 9,433,039 6,782,510 8,921,648 2,575,699 Unrestricted 127,947,134 105,661,660 110,264,669 108,075,347 108,434,713 Total business-type activities net position 463,838,854$ 473,674,184 $ 485,834,891 $ 509,861,346 $ 536,361,134 $ Primary government
Net investment in capital assets 620,863,530$ 666,177,357 $ 686,530,470 $ 728,335,558 $ 773,853,242 $ Restricted 76,005,663 108,956,378 106,582,100 132,656,465 134,437,314 Unrestricted (24,240,927) (51,989,098) (35,910,945) (44,762,027) (60,682,953) Total primary government net position 672,628,266$ 723,144,637 $ 757,201,625 $ 816,229,996 $ 847,607,603 $ Source: City of Redding Annual Comprehensive Financial Report Fiscal Year
City of Redding
Net Position by Component (Continued)
Last Ten Fiscal Years Ended June 30, 2024
(accrual basis of accounting)
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Expenses
Governmental activities
General governmen
t 7,112,939$ 8,077,255 $ 7,576,731 $ 7,678,431 $ 7,503,465 $ Police 34,476,947 30,751,887 32,114,904 32,742,710 34,001,886 Fire 20,558,967 20,467,167 22,299,466 23,264,792 23,685,713 Public works 7,261,903 14,954,615 16,211,855 15,039,604 16,096,332 Planning 3,933,284 4,013,885 4,290,932 3,918,206 3,879,239 Recreation and culture 9,366,789 10,791,830 11,219,774 11,137,417 11,360,417 Community development 9,503,654 9,991,686 10,241,866 9,377,682 9,724,970 Interest on long-term debt 1,840,755 1,720,036 1,623,654 1,575,210 1,495,440 Total governmental activities expenses 94,055,238 100,768,361 105,579,182 104,734,052 107,747,462 Business-type activities
Electric 152,786,522 144,525,611 144,826,944 139,069,185 148,470,304 Water 16,921,142 17,023,112 17,810,721 18,714,649 18,403,516 Wastewater 22,541,672 23,872,035 23,748,358 23,807,419 24,553,202 Storm drainage 1,919,740 2,094,900 2,037,068 2,032,999 2,155,137 Solid waste 20,410,950 20,209,534 22,430,632 22,835,505 25,668,200 Transportation 9,569,808 9,948,552 10,114,207 10,256,990 10,837,593 Convention center 1,229,354 1,187,415 1,349,400 1,316,803 1,408,622 Total business-type activities expenses 225,379,188 218,861,159 222,317,330 218,033,550 231,496,574 Total primary government expenses 319,434,426$ 319,629,520 $ 327,896,512 $ 322,767,602 $ 339,244,036 $ Program revenues
Governmental activities
Charges for services:

General government 6,516,578$ 6,213,317 $ 6,395,898 $ 6,522,621 $ 6,332,966 $ Public works 682,515 650,616 669,769 785,973 1,375,532 Planning 1,673,717 1,286,338 1,986,579 1,822,316 3,031,727 Other activities 4,167,614 4,743,501 4,804,529 4,921,877 4,555,208 Operating grants and contributions 18,014,648 18,663,414 16,491,007 15,293,829 22,924,591 Capital grants and contributions 5,505,363 18,960,524 6,040,837 11,061,017 8,618,248 Total governmental activities program revenues 36,560,435 50,517,710 36,388,619 40,407,633 46,838,272 Program revenues
Business-type activities
Charges for services:

Electric 163,301,368 158,275,732 165,157,048 158,286,134 155,200,165 Water 17,871,349 17,995,434 19,591,568 22,158,506 22,486,899 Wastewater 24,577,645 26,776,762 26,939,000 27,592,665 29,145,722 Solid waste 20,505,176 21,200,419 22,167,885 22,703,424 23,639,052 Transportation 3,790,418 3,717,047 3,814,776 5,463,971 2,006,964 Other activities 1,622,114 1,744,369 1,687,107 1,419,953 1,495,369 Operating grants and contributions 4,405,158 4,300,769 4,441,415 6,219,525 5,803,463 Capital grants and contributions 6,079,058 3,343,536 2,624,987 8,173,146 7,413,845 Total business-type activities program revenues 242,152,286 237,354,068 246,423,786 252,017,324 247,191,479 Total primary government program revenues 278,712,721$ 287,871,778 $ 282,812,405 $ 292,424,957 $ 294,029,751 $ Net (expense) revenue
Governmental activities (57,494,803) $ (50,250,651) $ (69,190,563) $ (64,326,419) $ (60,909,190) $ Business-type activities 16,773,098 18,492,909 24,106,456 33,983,774 15,694,905 Total primary government (40,721,705)$ (31,757,742) $ (45,084,107) $ (30,342,645) $ (45,214,285) $ SouSource: City of Redding Annual Comprehensive Financial Report City of Redding
Change in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year
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Expenses
Governmental activities
General governmen
t 9,842,219$ 7,305,048 $ 7,444,640 $ 11,842,912 $ 8,221,348 $ Police 36,954,392 38,537,805 36,227,155 46,859,911 54,474,231 Fire 24,997,889 27,416,745 24,061,217 27,823,146 35,008,283 Public works 16,133,278 12,781,403 17,139,094 17,061,623 22,360,331 Planning 5,049,433 4,261,253 5,529,441 6,855,776 8,047,061 Recreation and culture 12,101,698 11,436,375 12,086,281 14,167,809 14,564,444 Community development 10,825,020 10,788,241 11,712,568 24,470,351 21,599,533 Interest on long-term debt 1,832,339 1,501,079 1,448,241 1,450,653 1,662,180 Total governmental activities expenses 117,736,268 114,027,949 115,648,637 150,532,181 165,937,411 Business-type activities
Electric 154,180,658 158,675,983 158,141,420 187,014,653 159,038,929 Water 18,747,880 20,163,278 20,378,700 21,304,950 22,977,291 Wastewater 25,734,531 25,097,221 24,957,471 27,965,652 28,479,691 Storm drainage 2,313,546 2,529,827 2,024,016 2,653,578 3,218,220 Solid waste 26,604,891 27,348,763 24,546,239 29,546,236 33,853,772 Transportation 11,140,459 11,187,003 13,906,912 13,700,891 14,723,526 Convention center 1,785,044 873,731 1,221,786 1,299,789 1,191,406 Total business-type activities expenses 240,507,009 245,875,806 245,176,544 283,485,749 263,482,835 Total primary government expenses 358,243,277$ 359,903,755 $ 360,825,181 $ 434,017,930 $ 429,420,246 $ Program revenues
Governmental activities
Charges for services:

General government 7,030,150$ 5,427,109 $ 6,483,335 $ 8,075,361 $ 8,278,901 $ Public works 770,387 822,537 1,055,233 1,196,177 1,583,430 Planning 4,201,516 4,917,418 5,502,403 5,392,509 4,818,864 Other activities 5,182,252 8,134,737 5,910,441 6,934,857 8,998,908 Operating grants and contributions 22,540,523 34,693,970 26,364,886 62,612,981 53,005,393 Capital grants and contributions 13,690,648 27,665,920 18,621,461 23,463,752 14,380,385 Total governmental activities program revenues 53,415,476 81,661,691 63,937,759 107,675,637 91,065,881 Program revenues
Business-type activities
Charges for services:

Electric 151,851,828 158,263,003 159,904,815 199,349,597 170,020,064 Water 23,665,086 26,431,076 25,183,388 26,106,650 27,587,108 Wastewater 29,287,911 30,841,837 32,707,404 33,662,337 34,767,686 Solid waste 24,174,557 26,017,505 26,844,590 27,086,157 29,472,283 Transportation 3,578,926 3,379,397 4,016,624 2,246,283 4,158,212 Other activities 1,944,149 1,950,674 2,400,572 2,449,974 2,462,756 Operating grants and contributions 7,396,940 7,387,085 11,230,562 8,021,675 8,587,184 Capital grants and contributions 16,790,748 7,134,115 5,308,211 13,997,809 7,910,770 Total business-type activities program revenues 258,690,145 261,404,692 267,596,166 312,920,482 284,966,063 Total primary government program revenues 312,105,621$ 343,066,383 $ 331,533,925 $ 420,596,119 $ 376,031,944 $ Net (expense) revenue
Governmental activities (64,320,792) $ (32,366,258) $ (51,710,878) $ (42,856,544) $ (74,871,530) $ Business-type activities 18,183,136 15,528,886 22,419,622 29,434,733 21,483,228 Total primary government (46,137,656)$ (16,837,372) $ (29,291,256) $ (13,421,811) $ (53,388,302) $ Source: City of Redding Annual Comprehensive Financial Report City of Redding
Change in Net Position (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year
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General revenue and
other changes in net position
Governmental activities
Taxes
Sales taxes 22,053,840 $ 22,586,087 $ 23,199,460 $ 23,507,550 $ 26,879,606 $ Property taxes 16,292,632 17,357,917 17,924,119 19,156,295 20,075,405 Transient and occupancy taxes 4,458,110 4,616,654 4,778,285 5,168,477 6,916,257 Motor vehicle in-lieu taxes (141) 36,761 40,422 47,718 43,852 Franchise taxes 972,438 1,005,928 1,088,088 1,131,066 1,138,077 Other taxes 1,112,392 1,103,021 1,189,035 1,134,113 1,317,172 Investment earnings (loss) 582,552 780,348 374,394 525,477 1,868,151 Gain on sale of property 48,699 1,401,277 166,278 1,464,193 7,303 Miscellaneous 142,599 203,979 152,135 166,647 190,920 Transfers 5,020,485 4,568,933 4,289,638 5,440,006 4,767,308 Special item - - - (2,485,800) - Total governmental activities 50,683,606 53,660,905 53,201,854 55,255,742 63,204,051 Business-type activities
Investment earnings (loss) 1,833,914 2,515,901 505,847 980,902 7,452,940 Gain on sale of property - - - - - Transfers (5,013,200) (4,568,933) (4,289,638) (5,440,006) (4,767,308) Other items 2,361 4,883 - - - Total business activities (3,176,925) (2,048,149) (3,783,791) (4,459,104) 2,685,632 Total primary government 47,506,681 51,612,756 49,418,063 50,796,638 65,889,683 Change in net position
Governmental activities (6,811,197) 3,410,254 (15,988,709) (9,070,677) 2,294,861 Adjustments (151,367,658) - - 28,100,125 - Total governmental activities (158,178,855) 3,410,254 (15,988,709) 19,029,448 2,294,861 Business-type activities 13,596,173 16,444,760 20,322,665 29,524,670 18,380,537 Adjustments - business activities (75,256,413) - - 21,881,579 - Total business activities (61,660,240) 16,444,760 20,322,665 51,406,249 18,380,537 Total changes in net position - primary government (219,839,095)$ 19,855,014 $ 4,333,956 $ 70,435,697 $ 20,675,398 $ Source: City of Redding Annual Comprehensive Financial Report Last Ten Fiscal Years
(accrual basis of accounting)
Fiscal Year
City of Redding
Change in Net Position (Continued)
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General revenue and
other changes in net position
Governmental activities
Taxes
Sales taxes 26,695,889 $ 31,159,466 $ 31,845,575 $ 30,469,277 $ 31,067,691 $ Property taxes 21,519,652 22,777,902 24,231,038 26,375,135 28,524,507 Transient and occupancy taxes 5,206,330 6,222,974 8,266,136 7,293,033 7,133,234 Motor vehicle in-lieu taxes 73,478 67,288 105,953 96,183 115,907 Franchise taxes 1,188,938 1,190,714 1,237,911 1,325,736 1,312,082 Other taxes 2,034,827 3,931,465 3,646,978 2,912,615 3,021,359 Investment earnings 1,660,407 340,588 (2,241,966) 1,112,841 2,845,092 Gain on sale of property 2,859,435 1,050,911 2,154,810 239,117 413,038 Miscellaneous 1,171,866 147,175 226,659 200,627 144,624 Transfers 4,265,550 6,158,816 4,134,065 7,833,896 5,171,815 Special item - - - - - Total governmental activities 66,676,372 73,047,299 73,607,159 77,858,460 79,749,349 Business-type activities
Investment earnings (loss) 5,946,287 457,322 (6,124,850) 2,409,343 9,525,186 Gain on sale of property - - - - 280,351 Transfers (4,265,550) 7,938 (4,134,065) (7,833,896) (5,171,815) Other items - (6,158,816) - 16,275 382,838 Total business activities 1,680,737 (5,693,556) (10,258,915) (5,408,278) 5,016,560 Total primary government 68,357,109 67,353,743 63,348,244 72,450,182 84,765,909 Change in net position
Governmental activities 2,355,580 40,681,041 21,896,281 35,001,916 4,877,819 Adjustments - - - - - Total governmental activities 2,355,580 40,681,041 21,896,281 35,001,916 4,877,819 Business-type activities 19,863,873 9,835,330 12,160,707 24,026,455 26,499,788 Adjustments - business activities - - - - - Total business activities 19,863,873 9,835,330 12,160,707 24,026,455 26,499,788 Total changes in net position - primary government 22,219,453$ 50,516,371 $ 34,056,988 $ 59,028,371 $ 31,377,607 $ Source: City of Redding Annual Comprehensive Financial Report Fiscal Year
City of Redding
Change in Net Position (Continued)
Last Ten Fiscal Years
(accrual basis of accounting)
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General fund
Nonspendable 1,726,623 $ 1,875,032 $ 1,833,006 $ 2,748,604 $ 1,841,971 $ Restricted 648,655 756,897 757,254 762,753 - Assigned (720,495) 678,089 5,509,567 5,489,161 3,533,413 Unassigned 20,565,578 18,534,694 12,381,575 9,682,620 16,686,434 Total general fund 22,220,361$ 21,844,712 $ 20,481,402 $ 18,683,138 $ 22,061,818 $ All other governmental funds
Nonspendable 18,045 $ 20,521 $ 18,429 $ 20,291 $ 24,616 $ Restricted 47,850,398 53,237,478 50,903,778 44,380,448 67,207,281 Unassigned (275,436) (307,291) (344,254) (344,640) (342,425) Total all other governmental funds 47,593,007$ 52,950,708 $ 50,577,953 $ 44,056,099 $ 66,889,472 $ 2019-20 2020-21 2021-22 2022-23 2023-24
General fund
Nonspendable 1,911,241 $ 6,771,284 $ 3,224,350 $ 3,283,430 $ 2,127,863 $ Restricted 273,610 209,316 141,236 604,458 431,956 Assigned 3,195,034 10,524,976 10,117,549 7,923,890 13,529,698 Unassigned 16,964,783 13,001,211 15,242,047 14,750,184 7,457,606 Total general fund 22,344,668$ 30,506,787 $ 28,725,182 $ 26,561,962 $ 23,547,123 $ All other governmental funds
Nonspendable 24,078 $ 19,107 $ 777 $ 77,577 $ 97,860 $ Restricted 67,142,148 78,074,986 73,886,067 88,647,271 109,629,484 Unassigned - - - (191,422) (470,007) Total all other governmental funds 67,166,226$ 78,094,093 $ 73,886,844 $ 88,533,426 $ 109,257,337 $ Source: City of Redding Annual Comprehensive Financial Report Fiscal Year
Fiscal Year
City of Redding
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
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Revenues:

Taxes 45,125,212 $ 47,889,908 $ 48,385,407 $ 50,114,315 $ 56,183,337 $ Licenses and permits 1,142,654 1,321,422 1,319,041 1,304,712 1,777,332 Intergovernmental revenues 21,555,631 33,039,876 19,301,043 17,561,603 31,593,447 Charges for services 3,543,025 3,135,897 3,763,928 3,968,265 4,011,783 Fines 968,591 1,434,429 1,598,215 1,445,372 2,005,413 Use of money and property 6,979,312 7,774,752 7,905,927 7,903,045 7,965,078 Interest revenue 408,382 559,933 351,277 505,398 1,333,966 Special assessments 480,861 311,291 480,855 612,627 575,104 Miscellaneous 2,917,802 6,151,375 3,321,608 4,141,927 4,251,526 Total revenues 83,121,470 101,618,883 86,427,301 87,557,264 109,696,986 Expenditures:

General government 5,335,175 5,531,550 6,170,131 6,061,390 6,175,867 Community development 9,391,315 9,833,058 9,988,629 9,208,634 9,479,314 Public safety 44,658,160 47,667,150 49,561,988 51,305,095 52,470,544 Public works 5,333,076 7,736,374 8,089,769 6,280,036 7,785,619 Planning 3,643,893 4,005,836 4,054,107 3,751,957 3,718,793 Recreation and culture 6,923,444 7,090,091 7,477,025 7,895,240 7,668,664 Capital outlay 16,601,544 16,012,801 6,902,183 11,354,447 6,897,619 Debt service:

Principal retirement 3,721,171 2,785,484 2,532,744 2,657,496 20,291,342 Interest and fiscal charges 1,812,496 1,658,488 1,557,407 1,510,512 1,629,677 Bond issuance costs 450 - - - 223,905 Total expenditures 97,420,724 102,320,832 96,333,983 100,024,807 116,341,344 Excess of revenues over (under) expenditures (14,299,254) (701,949) (9,906,682) (12,467,543) (6,644,358) Other financing sources (uses)
Sale of capital asset 55,055 1,401,276 166,279 1,275,193 196,303 Long-term debt issued - - - - 23,996,354 Premium on bonds issued - - - - 3,272,602 Transfers in 14,082,943 12,233,284 13,756,026 12,677,169 13,665,199 Transfers out (9,069,743) (7,950,559) (7,751,688) (7,307,089) (8,274,047) Total other financing sources (uses) 5,068,255 5,684,001 6,170,617 6,645,273 32,856,411 Special item - - - (2,485,800) - Net change in fund balances (9,230,999)$ 4,982,052 $ (3,736,065) $ (8,308,070) $ 26,212,053 $ Fund balances (deficit), beginning
of year, as originally stated 79,044,367 $ 69,813,368 $ 74,795,420 $ 71,059,355 $ 62,739,237 $ Prior period adjustment - - - (12,048) - Fund balances (deficit), beginning
of year, as restated 79,044,367 69,813,368 74,795,420 71,047,307 62,739,237 Fund balances (deficit), end of year 69,813,368$ 74,795,420 $ 71,059,355 $ 62,739,237 $ 88,951,290 $ Debt service as a percentage of
noncapital expenditures 7% 7% 5% 5% 5%
Source: City of Redding Annual Comprehensive Financial Report Fiscal Year
City of Redding
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
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Revenues:

Taxes 56,585,655 $ 65,233,262 $ 69,214,157 $ 68,252,800 $ 70,990,507 $ Licenses and permits 2,588,480 2,449,876 2,495,389 2,496,607 2,844,265 Intergovernmental revenues 24,712,718 31,838,001 33,322,809 62,217,825 73,189,478 Charges for services 5,199,913 6,393,638 7,357,575 6,403,256 6,717,616 Fines 1,173,384 1,346,858 1,368,471 1,630,544 944,667 Use of money and property 7,874,941 6,761,893 8,349,455 8,823,765 9,693,518 Interest revenue 1,233,375 348,081 (1,616,423) 1,005,404 2,336,217 Special assessments 697,098 707,108 928,727 994,049 1,195,152 Miscellaneous 7,095,919 18,101,754 6,127,608 12,932,340 10,695,412 Total revenues 107,161,483 133,180,471 127,547,768 164,756,590 178,606,832 Expenditures:

General government 7,402,934 6,999,481 8,781,231 10,803,116 8,504,531 Community development 10,622,163 11,129,141 12,106,454 24,473,014 20,678,667 Public safety 53,761,183 58,097,550 64,675,885 69,156,652 77,910,254 Public works 7,596,809 6,328,452 10,716,202 8,651,241 14,492,381 Planning 4,543,768 5,122,727 5,843,580 6,582,099 6,562,666 Recreation and culture 8,146,931 7,893,793 8,692,187 9,838,579 10,906,296 Capital outlay 17,919,482 21,604,121 26,023,167 27,843,932 25,390,567 Debt service:

Principal retirement 1,964,210 1,853,967 2,046,549 2,265,970 1,948,674 Interest and fiscal charges 1,543,376 1,587,580 1,513,691 1,550,338 1,747,922 Bond issuance costs (466) - - - - Total expenditures 113,500,390 120,616,812 140,398,946 161,164,941 168,141,958 Excess of revenues over (under) expenditures (6,338,907) 12,563,659 (12,851,178) 3,591,649 10,464,874 Other financing sources (uses)
Sale of capital asset 2,859,435 1,050,911 2,154,810 239,117 413,038 Long-term debt issued - - 151,196 865,113 352,244 Premium on bonds issued - - - - - Transfers in 14,516,043 12,832,566 15,311,345 20,659,066 18,524,025 Transfers out (10,476,967) (7,357,150) (10,755,027) (12,871,583) (12,045,109) Total other financing sources (uses) 6,898,511 6,526,327 6,862,324 8,891,713 7,244,198 Special item - - - - - Net change in fund balances 559,604$ 19,089,986 $ (5,988,854) $ 12,483,362 $ 17,709,072 $ Fund balances (deficit), beginning
of year, as originally stated 88,951,290 $ 89,510,894 $ 108,600,880 $ 102,612,026 $ 115,095,388 $ Prior period adjustment - - - - - Fund balances (deficit), beginning
of year, as restated 88,951,290 89,510,894 108,600,880 102,612,026 115,095,388 Fund balances (deficit), end of year 89,510,894$ 108,600,880 $ 102,612,026 $ 115,095,388 $ 132,804,460 $ Debt service as a percentage of
noncapital expenditures 5% 20% 4% 3% 3%
Source: City of Redding Annual Comprehensive Financial Report Last Ten Fiscal Years
(modified accrual basis of accounting)
Fiscal Year
City of Redding
Changes in Fund Balances of Governmental Funds (Continued) 221 Packet Pg. 774
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June This page intentionally left blank
222 Packet Pg. 775
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Transient
Property Occupancy Sales Other
Fiscal Year Tax Tax Tax Taxes Total
2014-2015 16,253 4,459 22,330 2,083 45,125
2015-2016 17,247 4,616 23,918 2,110 47,891
2016-2017 18,131 4,779 23,199 2,276 48,385
2017-2018 19,173 5,168 23,507 2,266 50,114
2018-2019 19,934 6,916 26,878 2,455 56,183
2019-2020 21,460 5,206 26,695 3,224 56,585
2020-2021 22,809 6,224 31,079 5,121 65,233
2021-2022 24,196 8,262 31,867 4,889 69,214
2022-2023 26,250 7,248 30,472 4,283 68,253
2023-2024 28,453 7,210 31,071 4,256 70,990
Source: City of Redding Annual Comprehensive Financial Report Last Ten Fiscal Years
(in thousands)
City of Redding
General Governmental Tax Revenues By Source
223 Packet Pg. 776
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Base Rate Electricity Sold Base Rate Electricity Sold
Type of Customer Customers (MWHs) Customers (MWHs)
Residential 37,561 356,071 37,751 361,427 Commercial 5,034 338,292 5,025 332,232 Industrial 322 12,366 335 13,394 Other 915 43,087 928 42,358 Total 43,832 749,816 44,039 749,411 Base Rate Electricity Sold Base Rate Electricity Sold
Type of Customer Customers (MWHs) Customers (MWHs)
Residential 38,320 358,510 38,587 393,404 Commercial 4,972 298,242 4,975 302,067 Industrial 338 12,349 353 11,552 Other 936 41,639 966 50,105 Total 44,566 710,740 44,881 757,128 2020
Fiscal Year ended June 30,
2015 2016
City of Redding
Last Ten Fiscal Years
Revenue Base - Own Source Revenue
Metered Customers and MWHs Sold
Fiscal Year ended June 30,
2021
224 Packet Pg. 777
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Base Rate Electricity Sold Base Rate Electricity Sold Base Rate Elec tricity Sold Type of Customer Customers (MWHs) Customers (MWHs) Customers (MWHs) Residential 38,015 366,354 38,088 368,829 38,058 356,741 Commercial 4,949 324,202 4,955 323,799 4,942 312,484 Industrial 336 13,226 326 12,626 334 12,372 Other 933 41,825 935 41,471 930 39,765 Total 44,233 745,607 44,304 746,725 44,264 721,362 Base Rate Electricity Sold Base Rate Electricity Sold Base Rate Elec tricity Sold Type of Customer Customers (MWHs) Customers (MWHs) Customers (MWHs) Residential 38,572 375,818 38,706 394,986 39,019 372,342 Commercial 5,088 300,597 5,092 308,606 5,101 305,667 Industrial 351 12,155 336 12,152 326 12,128 Other 970 49,924 974 46,678 967 46,467 Total 44,981 738,494 45,108 762,422 45,413 736,604 2023
Fiscal Year ended June 30,
2024
Fiscal Year ended June 30,
2018 20192017
2022
City of Redding
Revenue Base - Own Source Revenue (Continued)
Metered Customers and MWHs Sold
Last Ten Fiscal Years
225 Packet Pg. 778
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Fiscal Year
Monthly Base
Rate
Energy Charge
per kwh
Small
Commercial
(< 15,000
kwh)
Large
Commercial
(> 15,000
kwh)
Small
Commercial
All kwh
Large
Commercial
All kwh
Per kwh in
excess of
15,000
2015 13.00 0.1528 20.00 33.00 0.1679 0.1679 0.0809 2016 15.00 0.1528 25.00 140.00 0.1679 0.1679 0.0809 2017 15.00 0.1528 25.00 140.00 0.1679 0.1679 0.0809 2018 15.00 0.1528 25.00 140.00 0.1679 0.0980 0.0980 2019 15.00 0.1528 25.00 140.00 0.1679 0.0980 0.0980 2020 15.00 0.1528 25.00 140.00 0.1679 0.0980 0.0980 2021 15.00 0.1528 25.00 140.00 0.1679 0.0980 0.0980 2022 20.00 0.1508 30.00 145.00 0.1679 0.1011 0.1011 2023 25.00 0.1488 40.00 145.00 0.1645 0.1044 0.1044 2024 32.50 0.1492 55.00 95.00 0.1645 0.1065 0.1065 Source: City of Redding Utility Rate Schedules
Last Ten Fiscal Years
City of Redding
Electric Utility Rates
Residential
Energy Charge
Commercial
Monthly Base Rate
226 Packet Pg. 779
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Fiscal Year
Monthly Base
Rate All kwh
Per kWh in
Excess of
15,000
If Off-Peak
Demand
Exceeds On-
Peak Demand
If Off-Peak
Demand is
Less Than On-
Peak Demand
2015 66.00 0.1766 0.0820 0.0692 0.0820 2016 230.00 0.1766 0.0820 0.0692 0.0820 2017 230.00 0.1766 0.0820 0.0692 0.0820 2018 140.00 0.0980 0.0980 0.0980 0.0980 2019 140.00 0.0980 0.0980 0.0980 0.0980 2020 140.00 0.0980 0.0980 0.0980 0.0980 2021 140.00 0.0980 0.0980 0.0980 0.0980 2022 145.00 0.1011 0.1011 0.1011 0.1011 2023 145.00 0.1044 0.1044 0.1044 0.1044 2024 95.00 0.1065 0.1065 0.1065 0.1065 Source: City of Redding Utility Rate Schedules
City of Redding
Electric Utility Rates (Continued)
Last Ten Fiscal Years
Off Peak Energy ChargeOn Peak Energy Charge
Industrial
227 Packet Pg. 780
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June This page intentionally left blank
228 Packet Pg. 781
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Percentage of Percentage of
City Total City Total
Utility Payer Utilities Paid Rank Utilities Paid Utilities Paid Rank Utilities Paid Customer #1 $5,147,591 1 4.06% $5,112,987 1 4.04%
Customer #2 2,094,094 2 1.80% 2,056,432 2 1.62% Customer #3 1,813,291 3 1.71%
Customer #4 1,429,182 4 1.09% 1,503,211 4 1.19% Customer #5 1,421,535 5 1.32% 1,902,134 3 1.50% Customer #6 1,231,425 6 1.03%
Customer #7 1,101,500 7 1.03% 1,085,403 5 0.86% Customer #8 818,543 8 0.70% 773,462 6 0.61% Customer #9 721,809 9 0.61% 699,897 8 0.55% Customer #10 524,533 10 0.58%
Customer #11 737,112 7 0.58%
Customer #12
Customer #13 630,542 9 0.50%
Customer #14
Customer #15
Customer #16
Customer #17
Customer #18
Customer #19 595,124 10 0.47%
Total $16,303,503 13.93% $15,096,304 11.92%
Source: City of Redding Electric Utility
City of Redding
Principal Electric Utility Payers
Fiscal Years 2023-24 and 2014-15
June 30, 2015 Fiscal YearJune 30, 2024 Fiscal Year
229 Packet Pg. 782
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Fiscal Year
Ending Revenue Bonds Loans
Special
Assessment
Bonds SBITAS Leases
2015 36,632 320 123 - 574 2016 34,318 - 92 - 405 2017 31,915 - 63 - 292 2018 29,418 - - - 177 2019 36,562 - - - 60 2020 34,531 - - - - 2021 32,551 - - - - 2022 30,470 - - - 338 2023 28,308 574 - 273 426 2024 26,540 455 - 1,744 553 (1) Tax Allocation Bonds were associated with the Redevelopment Agency (RDA). The RDA's debt was removed from the City of Redding's totals as the RDA was dissolved by the State of California in 2012.

City of Redding
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(amounts expressed in thousands, except per capita amount) Governmental Activities
230 Packet Pg. 783
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Fiscal Year
Ending
Revenue
Bonds
Certificates of
Participation Loans SBITAS Leases
Total Primary
Government
Percentage of
Personal
Income (1)
Per Capita
(1)
2015 12,081 160,556 84,429 - 1,774 296,489 8.27% 3,284 2016 46,761 126,082 84,164 - 1,356 293,178 7.67% 3,245 2017 98,629 65,905 80,784 - - 277,589 6.98% 3,043 2018 134,994 18,249 75,716 - - 258,553 6.32% 2,830 2019 126,304 16,781 70,323 - - 250,029 5.85% 2,725 2020 118,796 15,312 64,800 - - 233,439 5.25% 2,544 2021 169,902 13,844 1,212 - - 217,509 4.59% 2,372 2022 168,955 - 1,128 - 65 200,956 3.93% 2,162 2023 152,042 - 335 3,831 131 185,919 3.72% 2,011 2024 136,279 - 303 2,989 82 168,945 2.77% 1,597 (1) See the Schedule of Demographics for population information by year and personal income.

City of Redding
Ratios of Outstanding Debt by Type (Continued)
Last Ten Fiscal Years
(amounts expressed in thousands, except per capita amount) Business-Type Activities
231 Packet Pg. 784
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June This page intentionally left blank
232 Packet Pg. 785
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Percentage Amount
Net Debt Applicable to Applicable to
Jurisdiction Outstanding City of Redding (3) City of Redding Direct:

City of Redding: (1)
Revenue bonds 26,539,860 $ 100.000% 26,539,860 $ Loans 455,373 100.000% 455,373
SBITAS 1,744,069 100.000% 1,744,069
Leases 553,257 100.000% 553,257
Total direct debt 29,292,559 29,292,559
Overlapping:

County of Shasta: (2)
Bonds 17,211,407 51.376% 8,842,532
Notes 17,017,729 51.376% 8,743,028
SBITAS 335,299 51.376% 172,263
Leases 10,748,830 51.376% 5,522,319
Shasta County Schools: (2)
Enterprise School District 37,660,335 98.998% 37,282,978 Shasta Union High School District 57,729,251 39.675% 22,904,080 Gateway School 25,333,559 40.679% 10,305,438
Redding School District 25,160,000 99.327% 24,990,673
Columbia School District 7,629,994 73.540% 5,611,098
Shasta College 140,710,000 51.520% 72,493,792
Cascade School 19,829,848 2.069% 410,280
Pacheco School 9,543,254 58.842% 5,615,442
Grant School 1,025,000 52.940% 542,635
Andersion Union High School District 3,140,000 1.101% 1,938,051 Junction School 10,197,816 12.603% 1,285,231
Total overlapping debt 383,272,322 206,659,840
Total direct and overlapping debt 412,564,881$ 235,952,399 $ Source: (1) City of Redding
(2) Shasta County Auditor-Controller's Office
(3) Percentages for Computation of Direct and Overlapping Debt are calculated by using the Shasta County valuations by taxing district for fiscal year 2022-23.

City of Redding
Computation of Direct and Overlapping Debt
As of June 30, 2024
233 Packet Pg. 786
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2014-15 2015-16 2016-17 2017-18 2018-19
Debt limit 275,782 $ 289,290 $ 301,892 $ 318,039 $ 334,352 $ Total net debt applicable to limit 123 92 63 - - Legal debt margin 266,962 $ 275,659 $ 289,198 $ 301,829 $ 318,039 $ Total net debt applicable to the limit
as a percentage of debt limit 0.19% 0.04% 0.03% 0.02% 0.00 % City of Redding
Legal Debt Margin Information
Last Ten Fiscal Years
(amounts expressed in thousands)
Fiscal Year
234 Packet Pg. 787
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2019-20 2020-21 2021-22 2022-23 2023-24
Debt limit 351,116 $ 370,670 $ 390,353 $ 420,217 $ 450,254 $ Total net debt applicable to limit - - - - - Legal debt margin 334,352 $ 351,116 $ 370,670 $ 390,353 $ 450,254 $ Total net debt applicable to the limit
as a percentage of debt limit 0.00% 0.00% 0.00% 0.00% 0.00 % Assessed value (1)
Debt limit - 3.75% of total assessed value
Amount of debt applicable to the limit -
Legal debt margin
(1) Assessed valuation includes supplemental tax rolls.

City of Redding
Legal Debt Margin Information (Continued)
Last Ten Fiscal Years
(amounts expressed in thousands)
450,254$
450,254$
Note: Debt limit of 15% is based on assessed valuation being equivalent to 25% of full market valuation.

In 1981-1982, assessed valuation became equal to full market valuation. As a result, 1981-1982 and subsequent years' debt limit is computed at 1/4 of 15% or 3.75% of full market valuation.

Fiscal Year
Legal debt margin calculation for fiscal year 2023-24
12,006,786$
235 Packet Pg. 788
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2014-15 2015-16 2016-17 2017-18 2018-19
Operating revenue 24,563,888 $ 25,451,684 $ 25,815,214 $ 27,575,888 $ 29,125,869 $ Other revenue** 13,756 15,453 16,261 16,778 19,854 Interest revenue 468,529 609,119 80,155 199,081 1,434,691 Adjusted revenue 25,046,173 26,076,256 25,911,630 27,791,747 30,580,414 25% of adjusted revenue 6,261,543 6,519,064 6,477,908 6,947,937 7,645,104 Actual connection fees 842,721 1,309,625 1,162,532 874,321 657,024 Allowable connection fees 842,721 1,309,625 1,162,532 874,321 657,024 Total revenue 25,888,894 27,385,881 27,074,162 28,666,068 31,237,438 Operating expense (20,045,882) (21,561,048) (21,645,196) (21,888,127) (22,864,621) Add back depreciation/amortization 6,886,048 7,026,394 7,018,740 7,289,864 7,345,254 Net operating expense (13,159,834) (14,534,654) (14,626,456) (14,598,263) (15,519,367) Net wastewater revenues* 12,729,060 $ 12,851,227 $ 12,447,706 $ 14,067,805 $ 15,718,071 $ Total debt service*** 8,131,564 $ 8,129,964 $ 8,569,619 $ 8,573,419 $ 8,574,819 $ Debt coverage ratio 1.57 1.58 1.45 1.64 1.83
* Excludes interest expense and gain/loss on disposal of assets. ** Excludes capital grants.
*** Excludes 2014 defeased debt of $9,126,250
Fiscal Year Ending
Last Ten Fiscal Years
Wastewater Revenue Bond Coverage
City of Redding
236 Packet Pg. 789
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2019-20 2020-21 2021-22 2022-23 2023-24
Operating revenue 29,544,078 $ 30,815,373 $ 32,689,735 $ 33,644,745 $ 34,775,027 $ Other revenue** 40,019 26,463 17,669 17,592 (169,859) Interest revenue 1,056,758 81,245 (1,248,594) 515,892 1,862,698 Adjusted revenue 30,640,855 30,923,081 31,458,810 34,178,229 36,467,866 25% of adjusted revenue 7,660,214 7,730,770 7,864,703 8,544,557 9,116,967 Actual connection fees 990,667 1,167,190 1,053,707 1,673,885 1,555,196 Allowable connection fees 990,667 1,167,190 1,053,707 1,673,885 1,555,196 Total revenue 31,631,522 32,090,271 32,512,517 35,852,114 38,023,062 Operating expense (23,847,874) (23,748,891) (23,382,959) (26,709,582) (27,649,563) Add back depreciation/amortization 7,627,592 7,810,350 7,530,265 7,319,789 7,300,649 Net operating expense (16,220,282) (15,938,541) (15,852,694) (19,389,793) (20,348,914) Net wastewater revenues* 15,411,240 $ 16,151,730 $ 16,659,823 $ 16,462,321 $ 17,674,148 $ Total debt service*** 6,973,569 $ 6,826,083 $ 6,720,500 $ 6,723,000 $ 5,604,500 $ Debt coverage ratio 2.21 2.37 2.48 2.45 3.15
Fiscal Year Ending
Last Ten Fiscal Years
Wastewater Revenue Bond Coverage (Continued)
City of Redding
237 Packet Pg. 790
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2014-15 2015-16 2016-17 2017-18 2018-19
Operating revenue 17,646,476 $ 16,860,160 $ 18,549,702 $ 22,017,718 $ 22,346,030 $ Other revenue** 224,874 149,471 137,769 141,212 145,516 Interest revenue 330,137 439,975 77,297 122,970 1,364,769 Adjusted revenue 18,201,487 17,449,606 18,764,768 22,281,900 23,856,315 25% of adjusted revenue 4,550,372 4,362,402 4,691,192 5,570,475 5,964,079 Actual connection fees 662,463 985,803 961,572 775,752 543,546 Allowable connection fees 662,463 985,803 961,572 775,752 543,546 Total revenue 18,863,950 18,435,409 19,726,340 23,057,652 24,399,861 Operating expense (16,588,595) (16,224,118) (17,486,280) (18,285,529) (18,381,575) Add back depreciation/amortization 3,342,717 3,425,653 3,421,610 3,449,869 3,504,227 Net operating expense (13,245,878) (12,798,465) (14,064,670) (14,835,660) (14,877,348) Net water revenues* 5,618,072 $ 5,636,944 $ 5,661,670 $ 8,221,992 $ 9,522,513 $ Total debt service 764,100 $ 768,100 $ 770,500 $ 711,900 $ 704,700 $ Debt coverage ratio 7.35 7.34 7.35 11.55 13.51
* Excludes interest expense and gain/loss on disposal of assets. ** Excludes capital grants.
*** Excludes 2014 defeased debt of $7,547,500
Fiscal Year Ending
City of Redding
Water Revenue Bond Coverage
Last Ten Fiscal Years
238 Packet Pg. 791
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June 2019-20 2020-21 2021-22 2022-23 2023-24
Operating revenue 23,787,534 $ 26,296,180 $ 25,279,631 $ 24,381,200 $ 27,464,222 $ Other revenue** 151,785 156,454 174,432 722,459 317,867 Interest revenue 1,238,316 113,638 (1,605,195) 579,629 2,580,761 Adjusted revenue 25,177,635 26,566,272 23,848,868 25,683,288 30,362,850 25% of adjusted revenue 6,294,409 6,641,568 5,962,217 6,420,822 7,590,713 Actual connection fees 819,035 1,062,722 913,210 1,542,997 1,527,222 Allowable connection fees 819,035 1,062,722 913,210 1,542,997 1,527,222 Total revenue 25,996,670 27,628,994 24,762,078 27,226,285 31,890,072 Operating expense (18,456,013) (19,819,040) (20,142,960) (21,849,404) (22,997,018) Add back depreciation/amortization 3,523,021 3,670,489 3,928,806 4,102,715 4,105,646 Net operating expense (14,932,992) (16,148,551) (16,214,154) (17,746,689) (18,891,372) Net water revenues* 11,063,678 $ 11,480,443 $ 8,547,924 $ 9,479,596 $ 12,998,700 $ Total debt service 731,200 $ 731,200 $ 730,200 $ 733,200 $ 1,594 $ Debt coverage ratio 15.13 15.70 11.71 11.35 6892.05
Fiscal Year Ending
City of Redding
Water Revenue Bond Coverage (Continued)
Last Ten Fiscal Years
239 Packet Pg. 792
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Funds Debt
Available Available for Service
Fiscal Year Revenue Expense Reserves Debt Service Coverage 2014-2015 163,267,269 129,689,792 47,747,852 81,325,329 13,857,050 6.07 2015-2016 158,250,632 122,455,892 63,410,359 99,205,099 14,941,042 6.85 2016-2017 165,123,848 120,122,216 81,313,278 126,314,910 14,852,439 8.50 2017-2018 158,389,789 117,670,195 89,028,316 129,747,910 14,117,844 9.19 2018-2019 155,311,811 121,974,239 96,916,465 130,254,037 12,781,170 10.19 2019-2020 151,940,928 130,536,877 102,018,489 123,422,540 12,778,070 9.66 2020-2021 158,320,116 131,172,825 87,201,242 114,348,533 12,780,320 8.95 2021-2022 159,786,038 144,524,041 71,970,574 87,232,571 12,785,570 6.82 2022-2023 199,366,526 166,075,505 70,486,678 103,777,699 14,304,520 7.25 2023-2024 169,793,027 142,804,552 59,881,615 86,870,090 14,298,520 6.08 Source: Electric Utility Bond Disclosure Reports
Debt Service
City of Redding
Electric Revenue Bond Coverage
Last Ten Fiscal Years
240 Packet Pg. 793
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Personal Income Per Capita Unemployment
Fiscal Year Square Miles (1) Population (2) (thousands of dollars) Personal Income (3) Rates (4) 2014-2015 60.68 91,052 3,489,022 38,319 7.80 2015-2016 60.68 90,630 3,686,285 40,674 7.00 2016-2017 60.68 90,765 3,789,439 41,750 5.90 2017-2018 60.68 90,995 3,911,420 42,985 5.10 2018-2019 60.68 91,621 4,040,486 44,100 4.80 2019-2020 60.68 91,503 4,219,478 46,113 9.90 2020-2021 60.88 93,879 4,836,083 51,514 7.10 2021-2022 61.94 92,963 5,110,362 54,972 4.00 2022-2023 61.94 92,465 5,004,206 24,120 5.10 2023-2024 61.94 92,446 5,328,310 57,637 5.40 Note: Per capita personal income is based on the calendar year information ending during that fiscal year.

Source: (1) City of Redding - Development Services
(2) State of California Department of Finance
(3) Bureau of Economic Analysis, U.S. Department of Commerce (4) State of California Employment Development Department All numbers revised annually to source.

City of Redding
Demographic Statistics
Last Ten Fiscal Years
241 Packet Pg. 794
Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June Percentage Percentage
of Total Area of Total Area
Employer Employees Rank Employment Employees Rank Employment Mercy Medical Center 1,980 1 2.82% 1,727 2 2.37% Shasta County 1,773 2 2.53% 1,905 1 2.61% City of Redding ** 918 3 1.31% 1,117 3 1.53% Shasta Regional Medical Center 880 4 1.25% 829 4 1.14% CA Transportation Department 573 5 0.82% 459 6 0.63% Shasta Union High School District 559 6 0.80% 397 8 0.54% Shasta Community College * 512 7 0.73% 308 10 0.42% Shasta Community Health 507 8 0.72%
Win-River Casino 351 9 0.50% 462 5 0.63% Redding Rancheria 187 10 0.27% 450 7 0.62% Total 8,240 7,654
* Full-time equivalent budgeted positions. This includes employees who work outside of the City. ** Full-time budgeted positions
In 2023-24 there were 906 full-time and 293 part-time/temporary positions filled.

Source: Derived roughly from the Employment Development Department's (EDD) listing of the top 25 employers in Shasta County.

City of Redding
Principal Employers in the Greater Redding Metropolitan Area Current Year and Nine Years Ago
2024 2015
242 Packet Pg. 795
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Function/Program
General government 88 91 92 91 91 95 95 85 86 123 Police 131 135 135 136 136 143 142 170 170 171 Fire 85 85 85 76 76 79 79 98 99 114 Public works 66 66 66 70 70 70 71 93 94 81 Planning 29 29 29 30 30 30 30 29 29 40 Recreation and culture 21 21 21 22 22 24 25 46 48 43 Community development 8 10 10 12 12 13 13 14 18 19 Electric 180 180 180 181 181 180 180 193 193 199 Water 27 28 28 29 29 30 31 30 30 32 Wastewater 34 36 36 36 36 37 37 39 40 43 Storm drainage 5 5 5 5 5 6 6 6 6 8 Solid waste 79 79 79 82 82 85 85 88 88 97 Transportation 7 7 7 7 7 6 6 10 12 14 Convention center - - - - - - - - - - 760 772 773 777 777 798 800 901 913 984 Source: City of Redding Personnel Division
City of Redding
Full -Time City Budgeted Employees by Function/Program
Last Ten Fiscal Years
Budgeted Full-time Employees
at June 30,
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Police
Stations 1111111111
Patrol units 41 45 45 46 46 45 45 45 45 55
Fire stations 8888888888
Public works
Streets (miles) 468.0 468.7 469.1 442.3 455.8 459.5 445.7 446.1 449.0 454 .0 Streetlights 8,051 8,086 8,204 8,376 8,446 8,876 8,603 8,724 8,874 8,961 Recreation and culture
Maintained trails (miles) 67 68 39 39 39 39 40 41 41 41 Parks acreage (improved) 636 636 620 598 598 598 598 598 598 598 Parks acreage (unimproved) 487 487 460 443 443 457 457 457 457 457 Electric
798 812 812 815 818 822 824 824 831 833
Water
Length of water mains 557 558 559 557 558 565 566 564 559 558 Wastewater
Sewer lines (miles) 431.5 433.2 433.5 432.6 434 436 439 440 442 443 Solid waste
Collection trucks 36 38 37 38 39 39 39 40 41 42
Storm drainage
Length of system (miles) * 397 397 397 393 393 391 391 391 393 390 Catch basins* 6,594 6,590 6,594 6,593 6,646 6,748 6,748 6,745 6,799 6,967 Transportation
Buses 18 20 20 18 18 18 18 18 35 36
*
Source: City of Redding
City of Redding
Last Ten Fiscal Years
Capital Asset Statistics by Function/Program
Prior to 2014 the storm drain data included both public and private segments and facilities (the data for only the public portion for years prior to 2014 is not available). Starting in 2014 the storm drain data only includes public segments and facilities.

Function/Program
Transmission and
Distribution system (miles)
Fiscal Year Ended June 30,
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Police
Calls for service 95,237 96,436 95,233 100,562 87,389 Felony arrests 2,237 2,259 2,245 2,526 2,209 Misdemeanor arrests 5,668 6,039 7,860 7,674 5,958 Total arrests 7,905 8,298 10,105 10,200 8,167 Fire
Fire, explosion 466 476 418 485 495 * Rescue, emergency medical call 8,334 8,131 8,502 8,907 8,569 * Fire safety inspections 3,511 3,661 3,500 2,796 2,756 * Public works
Miles of roadway resurfaced 1.4 7.0 4.0 5.0 1.4 Miles of roadway slurry sealed 26.1 18.0 - - 13.5 Planning
Number of building permits issued 3,575 3,813 4,107 4,223 4,123 Recreation and culture
Recreation division programs 2,800 2,650 ** 1,073 929 841 Program participants 13,854 13,793 ** 12,887 12,917 12,586 Redding Aquatic Center attendees - - 22,626 22,193 12,899 ** Special events programs - - 94 71 118 ** Special events attendance - - 24,962 20,998 21,384 ** Community development
Number of households assisted (rental assistance) 1,447 1,556 1,542 1,514 1,513 Owner occupied loans made for rehabilitation/purchase 20 17 17 12 6 Rental loans/grants for rehabilitation/purchase 3 1 1 5 9 Electric
Electric customers billed monthly 43,832 44,039 44,233 44,304 44,264 Average sustained outages per customer per year 0.49 0.38 0.53 0.42 0.86 System average retail rates 16.6 16.7 16.8 16.7 16.5
Water
Water produced (acre ft.) 21,514 20,411 21,674 25,656 24,053 Wastewater
Totals household equivalents served 42,641 42,209 46,079 43,526 43,550 Clear Creek dry flow 5.7 5.7 5.9 5.9 5.3
Stillwater dry flow 1.9 1.9 2.1 2.3 2.1
Storm drainage
Percentage of inlets cleaned/maintained (annually) 4.0% 4.0% 4.0% 4 .0% 4.0% Solid \waste
Total waste collected (tons) 75,929 82,985 86,826 86,942 87,849 Recyclables sales (tons) 6,846 7,860 8,897 10,282 9,538 Transportation
Airport passenger movements/enplanements 27,148 35,844 48,048 42,723 47,833 RABA bus passengers 742,712 664,367 679,527 659,562 575,978 * Calendar year figures, as Fiscal Year amounts are not available ** Figures were unavailable prior to the implementation of the recreation management software in 2016-17.

Source: City of Redding
Function/Program
Fiscal Year Ended June 30,
City of Redding
Operating Indicators by Function/Program
Last Ten Fiscal Years
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Police
Calls for service 85,638 87,959 83,504 90,361 111,249 Felony arrests 2,108 2,325 2,234 2,152 2,128 Misdemeanor arrests 6,897 8,519 7,045 6,337 8,468 Total arrests 9,005 10,844 9,279 8,489 10,596 Fire
Fire, explosion 451 641 534 402 399 * Rescue, emergency medical call 8,504 9,116 8,999 9,353 8,703 * Fire safety inspections 2,087 1,900 982 1,238 923 * Public works
Miles of roadway resurfaced 2.5 2.8 1.8 5.2 7.1 Miles of roadway slurry sealed 21.5 11.0 - 12.5 - Planning
Number of building permits issued 6,301 5,844 4,688 4,285 3,918 Recreation and culture
Recreation division programs 636 652 703 731 734 Program participants 11,576 9,438 7,683 9,449 17,313 RAC Attendees 18,505 300 8,019 17,517 17,517 ** Special events programs 25 11 6 32 32 ** Special events attendance 12,830 3,756 2,306 7,576 8,232 ** Community development
Number of households assisted (rental assistance) 1,531 1,502 1,511 1,798 1,789 Owner occupied loans made for rehabilitation/purchase 10 2 - - - Rental loans/grants for rehabilitation/purchase 9 8 8 - 1 Electric
Electric customers billed monthly 44,566 44,881 44,981 45,108 45,413 Average sustained outages per customer per year 0.87 0.49 0.47 0.45 0.54 System average retail rates 14.9 16.3 16.4 16.9 17.6
Water
Water produced (acre ft.) 25,337 26,897 23,846 20,875 22,789 Wastewater
Totals household equivalents served 43,114 43,955 40,210 43,190 43,624 Clear Creek dry flow 6.3 6.1 5.9 4.8 7.2
Stillwater dry flow 2.5 2.4 2.2 2.2 2.6
Storm drainage
Percentage of inlets cleaned/maintained (annually) 4.0% 4.0% 4.0% 4 .0% 4.0% Solid \waste
Total waste collected (tons) 93,339 98,433 96,883 93,003 90,817 Recyclables sales (tons) 9,799 9,415 9,053 8,333 9,139 Transportation
Airport passenger movements/enplanements 42,136 46,138 48,209 92,848 91,194 RABA bus passengers 513,618 330,690 360,044 406,268 501,689 * Calendar year figures, as Fiscal Year amounts are not available ** Figures were unavailable prior to the implementation of the recreation management software in 2016-17.

Source: City of Redding
Function/Program
Fiscal Year Ended June 30,
City of Redding
Operating Indicators by Function/Program (Continued)
Last Ten Fiscal Years
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SUPPLEMENTAL

HISTORICAL INFORMATION
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STATEMENT OF PHYSICAL CONDITION OF

AIRPORT ASSETS

Redding Regional Airport (RDD)

The Redding Regional Airport is a non-hub primary commercial ai r service airport operated by the City of Redding and located in Redding, California. The Redding Region al Airport hosts commercial air service, including both scheduled and unscheduled passenger and freight services, as well as general aviation. SkyWest Airlines (dba United Express) offers direct flights from RDD to destinations including Los Angeles, California, San Francisco California, and Denver, Colorado (beginning May 2 2, 2025); Alaska Airlines offers direct flights from RDD to Seattle, Washington. Freight is handled by various commercial operators both based and itinerant and may be scheduled or unscheduled. The passenger catchment ar ea for RDD spans an eight-county region with a population of approximately 450,000 people about 50% of which a r e l o c a t e d w i t h i n a 5 0 - m i l e r a d i u s o f t h e airport itself. Fixed-based operators (FBOs) provide a wide ran ge of services including general aircraft frame and engine maintenance, as well as avionics, charter services, sale s of aircraft, flight instruction, and sales of fuels, lubricants, and accessories. Medical helicopter services and h elicopter charters, repairs, and sales, are also available. Currently, four car rental agencies are available t o serve the traveling public, three are on-site in the passenger terminal building.

There are thirty-six permanently assigned tie-downs, seventy-fi ve aircraft and eight helicopter tie-downs for transient aircraft, one hundred thirteen T-hangars, and fifteen large commercial/corporate hangars that are maintained and leased to aircraft owners/operators by the City of Redding Airports Division. The T-hangars are 100% occupied, with no vacancies . In FY24, there were 46,359 re corded aircraft operations recorded by the Air Traffic Control Tower during its hours of operation, which vari ed due to inconsistent staffing by the contract air traffic control tower service provider, and in the same period there 91,194 passenger enplanements.

Enplanements at RDD held relatively steady with a minor decreas e by 1.78% despite the loss of air service to Las Vegas, Nevada during that period. Year-to-date figures for FY25 suggest that passenger enplanements will continue to hold steady despite Avelo Airlines exiting the mark et in Redding. Additionally, United Airlines has announced that beginning May 22, 2025 passenger air service to Denver, Colorado from Redding will begin which RDD anticipates will have a positive effect on passenger enplanement levels.

The Airport features a 32,000 square foot terminal building to serve the traveling public that was recently expanded as part of a remodel that occurred 2014. The terminal facility houses passenger air service facilities for Airline Use such as counters, security lines, and gates, as wel l as space for airport concessionaires currently comprised of two dining vendors and four rental car vendors. T here is a 333-space public automobile parking lot, as well as a 77 space for rental car lot, adjacent to the termi nal building. The passenger terminal aircraft parking ramp is capable of receiving six medium-size jet aircraft at on e time. The airport property includes a total of 1,503 acres.

The primary runway (16/34) is 7,003 feet in length and 150 feet wide with lighted distance-remaining markers. It also has a medium-intensity approach lighting system with runwa y alignment indicator lights (MALSR), a Category I instrument landing system (ILS) on Runway 34, runway -end identifier lights on Runway 16, precision approach path indicator lights (PAPIs), a back-course instrumen t landing system on Runway 16, a global position system (GPS/RNAV) approach, and a VHF omni-directional range (V OR) with distance-measuring equipment (DME) for Runway 34. The crosswind runway (12/30) is 5,067 fee t long and 150 feet wide and is equipped with PAPIs for Runway 30.

Benton Field (O85)

Benton Field is located within the city limits of Redding, only a few blocks from the downtown area. It features a runway that is 2,420 feet in length, 75 feet in width, and is l ighted for night operations. The runway has two precision approach path indicator light (PAPIs) on both ends of the runway. The Fixed-Base Operator (FBO) Packet Pg. 804
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facility is operated by Cardan Av iation Services which operates the facility as a full-service FBO providing aircraft fuel, maintenance, equipment sales as well as sublicen sing a restaurant which is open to both flying customers and the public. The California Highway Patrol bases two helicopters and two fixed-wing aircraft at Benton. Also, there are sixty T -hangars, thirty sun /shade covered aircraft parking spaces and sixty-four transient tie-downs. Additionally, Benton has two designated helicopter pads and two privately built T-hangars buildings with ten T-hangars in one group and eleven T-Hangars to the sec ond group. Benton Field experiences an estimated 37,000 annual aircraft operations. Collectively, there are over one hundred aircraft based on the airfield.

Benton Field has over 301 acres of land, and an Automated Weather Observation System (AWOS).

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HISTORY AND STATEMENT OF PHYSICAL CONDITION OF

ELECTRIC UTILITY SYSTEM ASSETS

History

Electric service in Redding was started before 1900 by a privat e utility, the Redding Electric Light and Power Company, which obtained electric power from a small hydroelectr ic plant on the Sacramento River near Redding.

On November 28, 1901, the Keswick Electric Power Company began supplying the utility with electric power from its new Volta Hydro Plant, which had just started operatio n. Shortly thereafter, the Keswick Company acquired the capital stock of the Redding Electric Light and Po wer Company. Subsequently, on March 13, 1902, the Northern California Power Company was incorporated, and pro ceedings were initiated to acquire control of all properties of the Keswick Company through an exchange of st ock. This was succeeded in 1908 by the Northern California Power Company Consolidated, which continued operation until October 3, 1919, when it was acquired by Pacific Gas and Electric Company (PG&E) under a mer ger authorized by the California Railroad Commission.

Before the merger, a group of Redding citizens started a movement to acquire the municipal street-lighting system because of dissatisfaction with the existing system and its ope ration. As a result, in 1916, a municipal street- lighting system was established. Soon after the municipal stre et-lighting system began operation, a movement was started for the City of Redding to purchase the electric di stribution system from the Northern California Power Company Consolidated, and preliminary negotiations were initiated.

During the negotiations between the City and the Northern Calif ornia Power Company Consolidated, PG&E acquired the Northern California Power Company Consolidated. Th e City made a Final payment to PG&E on December 21, 1921. The property and its operations were turned over to the City on that date. Under City ownership and operati on, Redding’s Electric Utility (REU) has c onsistently provided superior service at a competitive price, with rates well below those in the surrounding service territory where PG&E provides service.

Distribution Service

The City’s Electric Utility currently provides service to its c ustomers in an area of approximately 61 square miles, with 72 miles of 115-kV lines and 762 miles of overhead and und erground 12-kV distribution lines. The City is proud of its record over the past five years of 99.9996 percent electric service availability to its customers.

Redding is interconnected with the Northern California 230-kV p ower grid at two points - Western Area Power Administration’s (Western) Keswick Switchyard and the Western/R edding Airport 230/115-kV Substation.

Delivery of all power from sources outside of the City is made to Redding at the Keswick Switchyard and Airport Substation. The City owns and operates the 115-kV lines that i nterconnect the City’s 115/12-kV distribution substations to these delivery points. This system is designed as a highly reliable looped system (at least two sources for every distribution substation) with state-of-the-art 115-kV circuit breakers and relay systems, ensuring that an outage or failure of any 115-kV line will not interrupt power to any City customer.

Design and right-of-way acquisition for the Stillwater Business Park distribution service was completed in FY2008. The Stillwater 115-kV line termination work was comple ted on August 15, 2008. The Stillwater 115- kV transmission project began construction in April 2012 and wa s completed on April 20, 2017. The City’s current distribution system consists of eleven 115/12-kV distri bution substations where power is transformed from 115-kV to 12-kV distribution voltage and connected to the service distribution transformers via the 12-kV distribution lines. The 12-kV distribution system is a very re liable radial-type system designed to serve all customers from another feeder if the normal source is experiencing a problem.

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Power Supply

The City’s retail power supply comes from a diverse portfolio. Redding typically receives about 27% of its power supply from Western in an average hydro year. FY 2023-24 was sl ightly below average, with Western providing

25.5% of the City’s system load. Western’s power is generated a t Shasta Dam and 11 other facilities, which are a part of the Central Valley Project (CVP). Redding also relies o n the City’s existing generation resources and other power-purchase and exchange contracts, as well as short-term firm purchases, to provide low-cost service to all of the City’s customers.

To accommodate anticipated growth, the City developed several projects to increase power generation. The City’s Whiskeytown Hydroelectric Project became operational on Septemb er 3, 1986. In August 1991, the City purchased a 28-MW steam turbine generation project located with in Redding city limits, now known as the Redding Power Plant. On June 1, 1994, the City began scheduling and dispatching the power produced by these various resources. The scheduling and dispatching operations al low Redding to take advantage of relatively inexpensive energy, which becomes available from time to time i n the short-term wholesale power market. Three combustion turbine generators totaling 70-MW were added in 1996 . In June 2002, the City commissioned Unit 5, a 43-MW highly efficient combined-cycle gas turbine with a heat recovery steam generator to be operated with the 28-MW steam turbine, bringing the total on-site generation to 141-MW. Construction began in September 2008 on Unit 6, which is a 47-MW combined cycle gas turbine nearly identical to the existing Unit 5. Unit 6 went into service in August 2011, which increased the overall Redding Power Plant capacity to 183-MW.

In addition to its own generation, the City has acquired severa l other sources of electric power through long-term, purchase-power contracts. Through its membership in a joint pow ers agency consisting of Modesto Irrigation District, City of Santa Clara, and City of Redding (M-S-R), the City entered into a long-term power purchase agreement for 70-MW of wind-gene rated power through the Big Hor n Wind I Project (Big Horn). Deliveries for Big Horn began on October 1, 2006.

The City is a member of various organizations and agencies: Bal ancing Authority of Northern California (BANC), Northern California Power Agency (NCPA), M-S-R, Transmi ssion Agency of Northern California (TANC), and Western Systems Power Pool (WSPP). The City contrac ted for and developed various power generation and transmission resources through these affiliations, including partial ownership of the San Juan coal- fired generating station, the Desert Southwest Transmission Pro ject, and the California-Oregon Transmission Project. The City and M-S-R divested themselves of their owners hip of the San Juan generating station in December 2017 and the Southwest Transmission Project in May 201 6, while debt service remains through 2022.

In response to changes in the bilateral power markets, the City officially joined the Energy Imbalance Market (EIM) through BANC, and became an active participant on April 1 , 2021. The EIM, administered by the California Independent System Operator (CAISO), is a 5-minute, real-time bulk power trading market that optimizes the lowest-cost energy to serve real-time customer demand across a wide geographical region.

To operate cost-effectively, the City developed several load-ma nagement and energy-conservation programs, including public awareness campaigns, technical conservation assistance, rebates on energy-efficient products and technologies, renewable technologies, and energy-efficient stre etlights. In FY 2022, the City developed the Demand-Side Integrated Resource P l a n ( D S M - I R P ) a n d d e t e r m i n e d that decarbonization programs (i.e. electrification) were more cost-effective than energy-efficienc y programs due to their inherent ability to produce downward rate pressure from the increased retail load. The elec trification rebate programs, which help reduce carbon emissions by including incentives for switching applianc es from natural gas to electric technologies, were launched at the beginning of FY2023. Additionally, the City has provided opportunities for load management through applicable rate design.

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Customer Base

The table below shows a five-year history of the growth in electric system customer accounts.

Number of Customer Accounts

Fiscal Year
Ending June 30

Residential

Non-Residential

Total
2020 38,320 6,246 44,566
2021 38,587 6,294 44,881
2022 38,572 6,409 44,981
2023 38,706 6,402 45,108
2024 39,019 6,394 45,413
Source: Utility Billing System Marketing Report of Quarterly NAICS Usage.

The total number of electric system customer accounts increased 1.9 percent during the last five years.

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HISTORY AND STATEMENT OF PHYSCAL CONDITION OF

STORM DRAINAGE UTILITY SYSTEM ASSETS

History

The City Council established the Storm Drainage Utility on Sept ember 21, 1993. The utility is part of the Public Works Department. Responsibilities include monitoring, maintai ning, and cleaning the storm drainage networks of the City.

Service Area and Customers

The service area encompasses storm drainage facilities within t he City limits. The overall conveyance system is comprised of both public and private segments. The Storm Drain Utility responds to the needs of the public component of the overall conveyance system. The following tabl e provides an overview of the storm drainage system as of June 30, 2024:

Workload and Performance
Measures 2019-20 2020-21

202-/22

2022-23
2023-
24 Miles of Storm Drain Pipe 191 191 191 198 191
Miles of Channels/Ditches 200 200 200 200 200
Miles of Maintained
Channels/Ditches 17 17 17 17 17
Number of Inlets 6,747 6,784 6,745 6750 6967
Number of Outfalls 1,341 1,337 1,337 1360 1338

The Storm Drainage Utility charges are based on impervious area . An impervious area is one that prohibits the natural drainage of rainwater in to the ground (i.e., building, parking lot, etc.). Effective February 4, 2014, the City directed the Shasta County Auditor-Controller to collect t he Storm Drain service charges. Storm Drain service fees have been frozen since 1993. The annual fees are as follows:

Commercial $19.07 per impervious acre x 12
Multi-family/Mobile Home $9.96 per unit
Residential $15.84 per household

Condition of System

The City of Redding maintains a well-trained and well-equipped work force with very limited funding. The Storm Drain Utility’s primary function is to operate the Storm Drainage system to prevent flooding, make systematic inspections as part of the preventive maintenance program, and plan and construct replacements.

The City of Redding completed a Citywide Master Storm Drain Stu dy in October 1993. A new Operations and Maintenance Plan was prepared in 2003, along with a project upd ate of the 1993 Master Plan, which included a survey of the storm drain system . In 2015, City Council gave di rection to proceed with an update to the Citywide Master Storm Drain Study.

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July 1, 2013, with a five-year implementation schedule of incre ased activities. A trash provision amendment to the Statewide permit was approve d in April 2015. While the prev ention of trash entering the waterways has multiple benefits, the realities of capturing all trash as smal l as 5mm in high priority areas (high density residential, industrial, commercial, mixed urban and public tra nsportation stations) will prove to be challenging.

The City has a consultant providing recommendations for compliance with the Trash Amendment.

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HISTORY AND STATEMENT OF PHYSICAL CONDITION OF

WASTEWATER UTILITY SYSTEM

History

The City began construction of the Wastewater System soon after its incorporation in 1887. The Wastewater System developed slowly until the early 1950s, at which time ap proximately 20 percent of the City’s approximate 5,200 acres were served. Recognizing the need for a systematic expansion of the Wastewater System, in 1956, the City commissioned the development of a master plan for the City to follow in making necessary improvements. As a result of this plan, which was updated in 1 964, the City added approximately 27 miles of sewer lines, primarily as a result of a series of sewer assessm ent districts, and in 1966 relocated its wastewater treatment plant from a location near the Cypress Avenue Bridge, to the present Clear Creek site, approximately

5.5 miles to the south.

Over the succeeding ten years, various districts including the Buckeye Community Water District, the Cascade Community Services District, and the Enterprise Public Utilitie s District, were annexed to the City. This resulted in the elimination of the existing treatment plants of these di stricts and consolidated the wastewater treatment and disposal at the City’s Clear Cr eek Regional Wastewater Treatmen t Plant (described below). To maintain compliance with the Clean Water Act, the Clear Creek Plant was expanded and upgraded to an advanced secondary wastewater treatment p lant in 1979. Throughout the y ears, the plant has unde rgone process upgrades and expansions with the most recent starting in 2006.

In 1983, the City, Shasta County, and Shasta Dam Area Public Ut ility District (the “Shasta Dam PUD”) commissioned Ott Water Engineers to prepare a regional sewage s tudy of the Central Shasta County area. It was determined that the Clear Creek Wastewater Treatment Plant was operating at two-thirds of its capacity and the Shasta Dam PUD was operating essentially at its capacity. Addi tionally, significant growth for this area was projected. As a result of this study and analysis of various a lternatives, it was determined that an additional wastewater treatment plant on the east side of the City near St illwater Creek and the Sacramento River would be constructed and that the Clear Creek Wastewater Treatment Plant would continue operation on the west side of the City. The advanced secondary Stillwater Regional Wastewate r Treatment Plant was constructed near the confluence of Clover Creek and the Sacramento River and began operation in 1990.

Existing Facilities

The Wastewater System consists of the collection, treatment, an d disposal facilities for domestic and industrial sewage serving the City. The system inventory includes over 44 0 miles of interceptor and trunk sewers, 18 sewage lift stations, and two tertiary treatment plants.

The 2022 Master Plan, completed by MCC Engineering has been com pleted including many capacity and maintenance-driven improvements. One such recommendation is to adopt a city wide ordinance to require inspection and repair of private lateral sewers in an effort to further reduce Inflow and Infiltration (I&I).

Clear Creek Wastewater Treatment Plant

The Clear Creek Wastewater Treatment Plant is located at the co nfluence of Clear Creek and the Sacramento River. The plant has a dry weather daily flow capacity of 9.4 million gallons per day (MGD) and a peak day flow capacity of 40 MGD. The unit processes utilized at the plant i nclude, among other things, the Clear Creek Lift Station, with an estimated effective pump capacity of 40 MGD, p rimary and secondary clarification, gravity filtration, chlorination for di sinfection and sulfonation for d echlorination prior to discharge into the Sacramento River outfall via a new diffuser system. In addition, a series of eight flow equalization ponds provide raw sewage and/or primary effluent temporary flow storage should the influ ent flow exceed the capacity of the secondary treatment and filtration process es. Solids handling process in clude primary and secondary waste sludge streams Packet Pg. 811
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being mixed, thickened and anaerobically digested. Additional s olids treatment can take place in facultative sludge lagoons. A new Biosolids Handling Facility recently comp leted construction and is now in operation. This facility was designed for future centralization of biosolids fo r both Wastewater Treatment Plants. In 2005, the City Council had authorized modifications to the Clear Creek Pl ant at an estimated cost exceeding $80 million.

The upgrades were constructed in the following seven Bid Packages:

 Bid Package I began construction in the fall of 2006
 Bid Package II began construction in the fall of 2007  Bid Package III began construction in the spring of 2008  Bid Package IV began construction in the fall of 2008  Bid Package V began construction in the summer of 2011  Bid Package VI began construction in the winter of 2010  Bid Package VII began construction in the fall of 2012 and was completed in the spring of 2014

The plant expansion and upgrades were funded by a combination of low interest loans from the State of California Revolving Loan Fund and ARRA Stimulus grant funds, with repayment through a combination of new connection fee revenue and monthly service charges.

The 2022 Facility Plan, completed by Jacobs Engineering has bee n completed with various improvements recommended, including influent pump station screening and the potential for a PFAS removal treatment.

Recently, gaseous chlorine and sulfur dioxide have become volat ile markets and have the potential to be in short supply. In response, plant staff is making provisions for a red undant dechlorination process utilizing liquid sodium bisulfite, which will in turn replace the gaseous sulfur dioxide dichlorination system. Soon to follow will be the redundant chlorination process utilizing sodium hypochlo rite, replacing the gaseous chlorine dosing system.

A biosolids biodrying and pyrolysis system will be online in 2023 to eliminate landfill disposal of biosolids.

Stillwater Regional Wastewater Treatment Plant

The Stillwater Regional Wastewat er Treatment Plant is located o n an approximately 300-acre site along Airport Road at the Sacramento River. The plant is designed for an average dry weather flow of 3.4 MGD and a peak wet weather flow of 14.4 MGD.

A facilities plan was prepared in 2008 for expansion of the pla nt in stages to treat an average dry weather flow capacity to 8 MGD and a peak wet weather flow capacity to 24 MG D. The first plant expansion project (Phase 1 A/B) began construction in the spring of 2012, and was completed in the spring of 2014. This plant expansion was funded by Wastewater Utility funds, and a loan from the State o f California Revolving Loan Fund, with repayment through a combination of new connection fee revenue and monthly service charges.

The 2022 Facility Plan, completed by Waterworks Engineering has been completed with various improvements recommended, including the installation of Facultative Sludge L agoons and drying beds. Recently, gaseous chlorine and sulfur dioxide have become volatile markets and have the potential to be in short supply. In response, plant staff is making provisions for a redundant dechlorination process utilizing liquid sodium bisulfite, which will in turn replace the gaseous sulfur dioxide dichlorination system. Soon to follow will be the redundant chlorination process utilizing sodium hypochlorite, replacing the gaseous chlorine dosing system.

Environmental Compliance

The discharge requirements for the wastewater system are establ ished by the State of California Water Resources Control Board, Central Valley Region (the “Regional Board”) whi ch administers and enforces all Federal and Packet Pg. 812
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State of California discharge requirements. The Regional Board administers regulations promulgated under the National Pollutant Discharge Elimination System (NPDES) by the United States Environmental Protection Agency (the “EPA”). The Clear Creek Wastewater System’s presen t discharge permit was adopted in 2022. The Stillwater Wastewater system permit was adopted in 2018 and is in the process of renewal for 2023.

The City is responsible for satisfying these Federal and State- mandated discharge requirements. The requirements include provisions requiring the City to comply wi th all pretreatment requirements contained in the Federal Water Pollution Control Act. The City has an approved pretreatment program that includes local limits for priority pollutants along with inspection and permitting of industrial discharges.

In general, plant performance has consistently met discharge re quirements, and any instances of noncompliance have been isolated incidents that have not reoccurred.

Service Area

The service area of the wastewater system is primarily the City , but includes small-unincorporated areas in the county. The service area lies entirely within the City’s sphere of influence.

Historical Operations

The following table shows the historical number of residential customer household equivalents and the combined commercial and industrial customer household equivalents for th e five fiscal years ending June 30, 2024. One household equivalent (HE) is the quantity of wastewater produce d in the City of Redding by an average single- family residential household, which is 240 gallons per day (GPD ). Since customer fees and charges are based on the HE for each customer, the revenue amounts are proportional to these HE counts.

2019-20 2020-21 2021-22 2022-23 2023-24
Residential HEs

32,526

32,904 33,078 33,140 33,395
Commercial/Industrial HEs

10,588

10,894 11,132 10,171 10,171
Total System HEs

43,114

43,798 44,210 43,674 43,625
Annual System Growth (1%) 1.6% 1.0% 1.0% 1.01%

The wastewater system currently has an average dry weather daily design flow capacity of 12.8 MGD. The actual average dry weather daily flow (months of July, August, and Sep tember) of the wastewater system for the five fiscal years ending June 30, 2024, is shown below.

Average Dry Weather Daily Flows--Fiscal Years Ended June 30, 2024 2019-20 2020-21 2021-22 2022-23 2023-24
Clear Creek Plant 6.3 6.1 5.9 6.1 7.2
Stillwater Plant 2.5 2.4 2.2 2.16 2.6
Total Wastewater System 8.8 8.5 8.1 8.26 9.75
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HISTORY AND STATEMENT OF PHYSICAL CONDITION OF

WATER UTILITY SYSTEM

History

The Redding water supply and treatment facilities date back to the early 1900s. The raw water supply pump station on the Sacramento River was built in stages beginning in 1939.

The City's rights to water from the Sacramento River stem from the 1941 acquisition of the local facilities of the California Water Service Company, together with its water right s, which date from 1886 and from a license to appropriate 5 cfs, issued in 1944.

Since 1939, when the City of Redding assumed control and operat ion of the water system, the City's population has grown from approximately 7,500 to 90,600. This growth incl udes two large increases in 1976 and 1977, when Redding annexed the Cascade Community Services District (serving approximately 4,450 residents) and the Enterprise Public Utility District (serving approximately 13,50 0 residents). Additionally, in 1967, the City assumed operation of the Buckeye County Water District serving about 1,500 residents outside the City limits.

A 1966 contract with the United States Bureau of Reclamation (U SBR or Bureau) was renegotiated in June 2005, with the USBR extending the contract for an additional 40 years through March 31, 2045. It details Redding's principal rights to the Sacramento River. The “Redding Contrac t” permits renegotiation at any time for more or less water subject to need and availability of water in the riv er. Water to be diverted consists of "base" and "project water" supplies. The Base Supply is 85 percent of the total, with Project Water being the remaining 15 percent of the total river water supply. The total entitlement is 21,000 acre-feet. Due to Pre-1914 water rights, our Base Water has no charge. Water charges in 2022/23 per acr e-foot for Project Water under this contract total $57.21 ($34.60 water cost, $22.46 restoration charge and $0.15 Trinity PUD fee).

These entitlements were subject to renegotiation by mutual agre ement in 1985, as they were in 1975 when no change occurred, and the annual entitlement is subject to reduc tion in "Critical Water Years." In 1992, 2007, 2014, 2015, 2020, and 2021 the Bu reau decreased the Redding con tract supply entitlement by 25 percent. In 2022, a critical water year in the drought, the water allotment was reduced to an unprecedented 18 percent.

In 1967, the City of Redding took over Buckeye County Water Dis trict facilities and the rights to a 1964 USBR contract. In February 1971, the City executed a new USBR contr act to serve the Buckeye service area. In November 1994, the City amended this contract with the Bureau t o add the Spring Creek Conduit as a point of diversion for the new Buckeye Water Treatment Plant. The “Buckeye Contract” annual entitlement is also subject to reduction in "Critical Water Years." In 1992, 2008, 2009, 2012, 2020 and 2021 the Bureau decreased the Buckeye Contract supply entitlement by 25 percent and in 2014, the contract entitlement was decreased by 50 percent. In 2015, the contract entitlement was decreased by 75 percent. In the 2022 critical water year, the Buckeye Contract entitlement was decreased to zero. This contr act with the Bureau of Reclamation, which runs through February 28, 2045, provides Redding with 6,110 acre-fee t of water per year. Prior to 2022, the contract amount was 6,140 acre-feet, but 30 acre-feet was relegated to t he City of Shasta Lake to serve customers in the “Summit City” pressure zone. Water charges under the 2022/23 contract total approximately $112.23 per acre - foot ($29.14 average water cost, $22.46 restoration, $0.15 Trin ity PUD fee and a $60.48 foregone power charge per acre-foot). Despite the cutbacks in previous years, the City's water supply was sufficient to meet its needs.

The Foothill Water Treatment Plant was constructed in 1981. The plant has a rated capacity of 28 million gallons per day (MGD). Facilities provide for online filtration follow ing the existing sedimentation basin and a 6 million gallon (MG) covered storage reservoir. Both these additions we re needed to meet the requirements of the State of California, Department of Public Health, Division of Drinking W ater, and Environmental Management.

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Performance Measures and Workload Indicators

The Water Utility Staff has met the established goals, with the majority of the workload objectives being accomplished:

ACTIVITY 2019-20 2020-21 2021-22 2022-23 2023-24
Number of customers/services 29,905 30,250 30,427 30,649 30,830 Number of new meter sets 136 188 104 223 151
Quantity of water produced
(acre feet) 25,337 26,897 23,846 20,875 21,841
Percentage of days water quality met
standards 100% 100% 100% 100% 100%
Number of service calls
(Includes water quality) 4,225 4,143 3,063 3,799 3,709
Miles of water mains 560 566 564 560 558
Number of main and water service
failures/disruptions per year 62 229 219 263 194
Miles of substandard mains 42 42 42 42 42
Customers/service connections per employee 1,031 1,031 1,049 1,022 1,028

Current System

Buckeye Zone
The Buckeye Water District water system was acquired by the Cit y of Redding in 1967 following dissolution of that District. Water supply for that District was extremely li mited. Upon assuming the operation of the Buckeye system, the City of Redding provided the additional supply by pumping from the northern end of its water system.

Pump House No. 3, located at the foot of North Market Street hi ll, and Pump House No. 4, off Benton Drive northeast of the Diestlehorst Bridge, serve the Buckeye Zone. Storage for the Buckeye Zone is located off Lake Boulevard, outside the City limits, near Walker Mine Road. Two steel reservoirs exist at this site--one 200,000- gallon tank and one 2 MG tank w ith an overflow elevation of 955 feet above mean sea level (msl). In 2002, an additional 4 MG reservoir was constructed ¼ mile east of the Bu ckeye Water Treatment Plant with an overflow elevation of 1,034 feet msl.

The Buckeye Water Treatment Plant (BWTP), completed in January 1995, serves the Buckeye Zone. The BWTP is located in unincorporated Shasta County, off Benson Drive, n orth of Rock Creek Road. The water plant has an interconnection to the USBR Spring Creek Conduit. Treated wate r is conveyed from the treatment plant through five miles of transmission main to the Buckeye area. The initial treatment capacity was 7 MGD with the ability to expand to 28 MGD capacity. In 2007, construction was completed on an expansion of the treatment plant to 14 MGD capacity. Along with the treatment plant expansion, 8,000 feet of 30-inch water transmission main was installed to provide treated water to the Buckeye Pressure Zone . This treatment plant meets all the existing United States Environmental Protection Agency (USEPA) regulatio ns, including the 1986 & 1996 Safe Water Drinking Act amendments. The treatment plant also meets all th e requirements of the California State Water Resources Control Board, Division of Drinking Water, and Enviro nmental Management. (State regulatory Packet Pg. 815
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authority was transferred from the California Department of Pub lic Health to the California State Water Resources Control Board during the summer 2014.)

Foothill and Hill 900 Zones
Construction of Redding’s Footh ill Water Treatment Plant (FWTP) was completed in September 1981. The treatment plant consists of pre-chlorination and chemical treat ment followed by filtratio n and post-chlorination.

River water from Pump House No. 1, located on the south side of the Sacramento River, west of the Diestlehorst Bridge, enters the treatment plant through a 36-inch main. In 2006, Pump Station No. 1 Fish Screen Retrofit Project was completed to meet the requirements of the CAL-FED A nadromous Fish Screen Program. In 2010, an additional 30-inch main from Pump House No. 1 was installed to the FWTP.

At the FWTP, chlorine is added for disinfection and odor contro l. Water then flows through dual media filtration and is post-chlorinated prior to entering a 6 MG covered storage reservoir.

Finished water storage for water produced at FWTP is provided as follows:

1. One 6 MG covered storage reservoir at the treatment plant, a nd one 4 MG steel reservoir at Foothill Blvd, each with an overflow elevation of 743 feet msl.

2. One 2 MG pre-stressed concrete reservoir and one 2 MG steel reservoir having an overflow elevation of 925 feet msl near the FWTP at the top of Hill 900.

The Foothill Zone is served by gravity flow from the Foothill r eservoirs. The Hill 900 Zone is served by Pump House No. 2, which is located at the treatment plant and is tak ing suction from the 48-inch main served by the 6 MG reservoir. An additional booster pump was added to the El R eno booster pump station in 1995. This supply is an additional 1.4 MGD to the southern end of the Hill 900 Zone from the Cascade Zone, if necessary.

Enterprise Zone
In 1976, the Enterprise Public Utility District and the City of Redding voted to annex the Enterprise District to the City of Redding. Shortly afte r this, responsibility for the En terprise water system was assumed by the City of Redding.

The system was served originally by five wells located over the Enterprise Sub-basin of the Redding Groundwater Basin. However, in 1978, the Cross Town Main, a large pipeline , was constructed which enabled the City to serve the Enterprise and Cascade areas with water from the FWTP . In 1985, approximately five miles of 12, 16, and 24-inch transmission mains were constructed from the Enterp rise well fields on Goodwater Avenue to serve the U.S. Forest Service and Municipal Airport off Airport Road. In 1986, three 2 MGD capacity wells were added to the Enterprise Zone. In 1988, a 24-inch transmission main was constructed from Goodwater Avenue along Rancho Road westerly via South Bonnyview Road to the Casc ade Zone. In 2002, 2.5 miles of 24-inch transmission main was constructed from Rancho Road north along Airport Road in the Enterprise Zone to maximize the production of the g roundwater wells. In 1991, ano ther 2 MGD capacity well was added to the Enterprise Zone. Two additional 2 MGD capacity wells were adde d during 2003. In 2007, another 2 MGD capacity well was added to the Enterprise Zone and in 2008, an additional 2 MGD capacity well was added.

Groundwater is treated with orthopolyphosphate for iron and man ganese annoyances and chlorine is used for disinfection.

The main storage reservoirs are located above the Quail Ridge S ubdivision off Canby Road. Two steel storage tanks are located at the same site, with a capacity of 3.5 and 6.0 MG and an overflow elevation of 706 feet msl.

During periods of peak demand, these tanks and the well field, at the southwestern boundary of the zone, and treated water from the FWTP through the Cross-Town water main, supply the entire system from three directions.

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Hilltop-Dana Zone
The Hilltop-Dana pressure zone is located north of Highway 44 a nd east of Interstate 5 and is supplied from the Enterprise Zone by Pump Station No. 5, and the Buckeye Zone by gravity.

Cascade Zone
The supply source for this zone comprises five wells, located o ver the Anderson Sub-basin, with a maximum capacity of 0.75 MGD. This supply is augmented by connection to the south end of Redding's central system, and in 1978, the Cross-Town water main was completed. This supply can furnish up to 3.2 MGD to the Cascade area.

Additional supply is obtained by a large transmission main conn ecting the Cascade Zone to the Enterprise Zone via South Bonnyview Road. Originally, this supply furnished 2 MGD. In the summer 1995, a booster pump station was installed on the South Bonnyview transmission main to increase the supply to the Cascade Zone to 4.3 MGD.

In 1985, the City took over the operation of the Pinal Water Co mpany serving the Westwood Manor Subdivision located off State Route 273 south. The subdivision is currentl y being supplied water from the FWTP through two 8-inch interconnections. Storage to the Cascade Zone is provide d by a 1 MG tank located off Kenyon Drive and a 2 MG tank in the Redding Ranchettes area. Both tanks have an overflow elevation of 696 feet msl.

Condition of System

The City of Redding maintains a well-trained and well-equipped work force. Its primary function is to operate the system, make systematic inspections as part of the preventive m aintenance program, and plan and construct replacements. Undersized and old lines are being replaced when maintenance costs indicate that they should be replaced or additional capacities ar e needed. The City of Redd ing maintains a Water Master Plan, most recently updated in 2023; revisions to the system are programmed, design ed, and installed in accordance with this plan.

The system is well-maintained in all regards, including raw wat er supply, pumping structures, equipment, transmission lines, and water treatment facilities. However, c ontinual renewed investment in capital facilities such as distribution pipelines, reservoirs, and wells will be n ecessary to maintain the current level of service, due to the demands of population growth and aging infrastructure.

.

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Attachment: Annual Comprehensive Financial Report for FYE June 30, 2024 (9.10(a)--Annual Comprehensive Financial Report-year ended June

CITY OF REDDING

REPORT TO THE CITY COUNCIL

Recommendation

Accept the City of Redding’s Fiscal Year 202 4-25 Mid-Year Budget Report; and adopt Resolution approving and adopting the 70th Amendment to City Budget Resolution No. 2023 - 060 increasing appropriations by $3,579,340 for Fiscal Year 2024-25.

Fiscal Impact

The recommended changes to the General Fund will not further impact the City’s General Fund reserve. The City Council (Council) maintains a policy requiring a ten percent reserve. Currently the General Fund Ten-Year Plan has a structural issue that is being addressed as part of the biennial budget development for fiscal year 2025-26 and fiscal year 2026-27.

Alternative Action

The Council could choose to reject the report and provide staff with alternate direction.

Background/Analysis

The City of Redding (City) has expended $46,823,343 from the General Fund through December 31, 2024. This level of expenditure represents 39.6 percent of total appropriations, and is $8,365,990 or 15.16 percent below staff’s cash flow estimate of $55,189,333 through December 31, 2024. Below is a breakdown by department of Expense compared to budget:

MEETING DATE: March 18, 2025
ITEM NO. 9.10(b)
FROM:

***APPROVED BY***

[email protected]

[email protected]
SUBJECT: 9.10(b)--Consider City of Redding Mid -Year Budget Review and Associated Resolution
Greg Robinett, Director of
Finance/City Treasurer
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Report to Redding City Council March 13, 2025
Re: 9.10(b)--City of Redding Mid-Year Budget Review Page 2

Actual Budget Variance Variance %
General Government 3,338,579 4,475,526 1,136,947 25.40% Non Dept, Mid town, Debt Service & Animal Reg 2,198,841 1,705,537 (493,304) -28.92% Development Services 1,975,176 3,092,627 1,117,451 36.13% PW 6,938,738 4,430,104 (2,508,634) -56.63%
Police 17,013,457 22,778,263 5,764,806 25.31%
Fire 11,755,326 14,197,662 2,442,336 17.20%
Parks 3,603,226 4,509,614 906,388 20.10%
Total 46,823,343 55,189,333 8,365,990 15.16%

General Fund revenue as of December 31, 2024, totals $58,348,659 which is $770,799 or 1.34 percent above staff’s cash flow projection of $57,577,860. Staff is not recommending any changes to projected revenues at this time.

Actual Budget Variance Variance %
Operating Revenues -$ -$ -$ 100.00% Tax Revenues 40,979,801$ 42,605,809$ (1,626,008)$ -3.82% Licenses & Permits 1,346,313$ 1,476,979$ (130,666)$ -8.85% Fines & Penalties 1,323,402$ 538,965$ 784,437$ 145.55% PILOT & Transfers 7,959,951$ 6,970,324$ 989,627$ 14.20% Revenue from Other Government Agencies 1,407,525$ 1,964,787$ (557,262)$ -28.36% Total Other Revenues 1,415,309$ 1,453,361$ (38,052)$ -2.62% Charges for Current Services 3,571,215$ 2,139,592$ 1,431,623$ 66.91% Property Rental & Investment Income 345,144$ 428,043$ (82,899)$ -19.37% Total 58,348,659$ 57,577,860$ 770,799$ 1.34%

Below is a breakdown of the tax revenues through December 31, 2024. Tax revenues are the primary revenue source which fund General Fund operations.

Actual Budget Variance Variance %
Property Taxes 1,080,550 2,625,359 (1,544,809) -58.84% Sales Tax 15,209,494 16,099,178 (889,684) -5.53%
TOT 4,099,420 4,409,854 (310,434) -7.04%
Cannabis 736,451 835,500 (99,049) -11.86% Other Taxes 1,028,080 1,305,000 (276,920) -21.22% Total 22,153,996 25,274,891 (3,120,895) -12.35%

Property Taxes are primarily rece ived in January and May. Below is a breakdown of the tax revenues through January 31, 2025.

Actual Budget Variance Variance %
Property Taxes 16,740,211 16,185,876 554,335 3.42%
Sales Tax 17,563,519 18,688,577 (1,125,058) -6.02%
TOT 4,550,612 4,876,606 (325,994) -6.68%
Cannabis 963,326 1,332,250 (368,924) -27.69%
Other Taxes 1,162,133 1,522,500 (360,367) -23.67% Total 40,979,801 42,605,809 (1,626,008) -3.82%

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Report to Redding City Council March 13, 2025
Re: 9.10(b)--City of Redding Mid-Year Budget Review Page 3

General Fund Reserves

After completion of the annual audit, staff is recommending a change to the cash balance as of July 1, 2024. Staff is recommending maintaining the current cash balance of $13.3 million. Cash is impacted by revenues, expenses, and changes to certain balance sheet activity which require cash.

Ten-Year Plan

The Ten-Year plan attached reflects the changes approved by the Council since the adoption of the budget and the recommended adjustments in this staff report. Additionally, the Ten -Year plan has been updated to reflect the most recent actuarial valuations received this year from CalPERS. As a result of these changes and the effects of having an adopted budget with a structural deficit the year in which the General Fund Ten -Year Plan falls below the ten percent reserve has moved to FY 25 -26. As a result of this staff is working on addressing the impacts of this structural issue and wi ll bring a plan that solves the financial issue back to the C ouncil during the FY 2025-27 Biennial Budget process.

General Fund Overtime

The City’s General Fund overtime expense totals $3,975,561 through December 31, 2024. This is $2,071,866 above staf f’s cash flow estimate of $1,903,695. The expenditures year -to-date compared to the year-to-date budget are listed below, of which, the four largest overtime budgets are Fire, Police, Parks, and Streets:
• The Fire Department had overtime expenses through D ecember 31, 2024, of $2,911,837 compared to a total overtime budget of $1,117,195; • The Police Department had overtime expenses through December 31, 2024, of $940,714 compared to a total overtime budget of $744,500; • The Community Services Department had ov ertime expenses through December 31, 2024, of $73,857 compared to a total overtime budget of $0; • The Public Works Department had overtime expenses through December 31, 2024, of $35,000 compared to a total overtime budget of $44,044; and • All other General Fund Departments had overtime expenses through December 31, 2023, of $5,110 compared to an overtime budget of $7,000.

Although some of the aforementioned expenses are either over budget or nearly over budget, there are no additional budget requests at t his time. Each department has adequate savings in areas such as personnel charges and/or additional cross charges to other City departments, to offset the excess costs.

Budget Requests

The following is a list of budget requests broken down by Fund type w ith details following by Fund.

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Report to Redding City Council March 13, 2025
Re: 9.10(b)--City of Redding Mid-Year Budget Review Page 4

Department FY 2024-25
Streets 126,000.00
Total 126,000.00
General Fund

There is one request at this time for the General Fund budget modifications. This request is for the Streets department and is for traffic controller replacements that will be installed prior to December 2025. This will be funded through the use of gas taxes made available to the City.

Department FY 2024-25
Airports 37,500.00
Electric 1,515,000.00
Solid Waste 89,840.00
Wastewater 375,000.00
Total 2,017,340.00
Enterprise Funds

Redding Regional Airport is requesting $37,500. This includes $18,000 for A ircraft Rescue and Fire Fighting vehicle tire replacement, $7,500 for access control security camera node replacement and $12,000 for fair market value appraisals of airport property to meet regulatory requirements. Redding Electric Utility is requesting budget modifications of $1,515,00. This includes $55,000 related to cybersecurity insurance for the power plant, $150,000 for mechanical maintenance and electrical testing at the power plant and Whiskeytown turbine, $105,000 for ARCOS software, $135,000 for fire mitigation costs, $70,000 related to substation equipment, $110,000 for increase in meter installatio ns and replacements, $90,000 for equipment needed in the meter-shop, $63,000 related to the Pacific Gas and Electric Security Pipeline Fencing project, $300,000 for updates at the Waldon Substation, and $437,000 related to R edding Electric Utility customer service call center, mail charges and bank service fees.

Solid Waste is requesting $89,840 which includes $60,000 related to legal services and $29,840 for the Abernathy Lift Station construction contract.

Wastewater is requesting $375,000 for increas es to maintenance and component parts cost and increases in chemical and delivery costs.

Department FY 2024-25
Information Technologies 36,000.00
Risk - Liability/Insurance 890,000.00
Risk - Workers Compensation 510,000.00
Total 1,436,000.00
Internal Service Funds

Information Technologies is requesting $36,000 for communication expenses related to additional phone licenses.

Risk Liability is requesting $890,000 due to increases in insurance premiums.

Risk Workers Compensation is requesting $510,000 due to increases in insurance liability rates.

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Report to Redding City Council March 13, 2025
Re: 9.10(b)--City of Redding Mid-Year Budget Review Page 5

Environmental Review

This is not a project defined under the California Environmental Quality Act, and no further action is required.

Council Priority/City Manager Goals

• Budget and Financial Management – “Achieve balanced and stable Ten-Year Financial Plans for all funds.”

• Communication and Transparency – “Improve the quality of communication with the public and City employ ees to enhance knowledge and increase transparency to improve public trust.”

Attachments
^Resolution
Ten Year Plan 23-24 & 24-25 Dec 2024
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Resolution No. 2024 - ____

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING THAT Budget Resolution No. 2023-60 be and is hereby amended as follows:

Fiscal Year Ended 2025
FundDivision Description Increase Decrease
101 1621 Streets - General and Administrative 126,000 - 201 7101 Redding Regional Airport 37,500 - 211 8021 REU - Power Production 205,000 -
211 8035 REU - Line 105,000 -
211 8041 REU - Vegetation Management 135,000 - 211 8051 REU - Substations 70,000 -
211 8079 REU - Metering 200,000 -
211 8091 REU - Capital 63,000 -
211 8095 REU - Capital / General System Improvements 300,000 - 231 6305 Wastewater Clear Creek Treatment Plant 375,000 - 251 6501 Solid Waste Administration 60,000 - 251 6507 Transfer Station 29,840 -
311 3101 Information Technologies 36,000 - 361 3605 Utility Customer Services 437,000 - 381 3801 Risk Liability & Insurance 890,000 - 383 3831 Risk Worker's Compensation 510,000 - THAT account titles and numbers requiring adjustments by this Resolution are as follows:

Fiscal Year Ended 2025
Decrease (Increase) Fund Balance Use of Funds Source of Funds 101 2910000Beginning Balance -$ 126,000$ 201 2910000Beginning Balance 37,500
211 2910000Beginning Balance 1,078,000
231 2910000Beginning Balance 375,000
251 2910000Beginning Balance 89,840
311 2910000Beginning Balance 36,000
361 2910000Beginning Balance 437,000
381 2910000Beginning Balance 890,000
383 2910000Beginning Balance 510,000
Expenditures Use of Funds Source of Funds
101 1621 5220003 Maintenance Material - Traffic 126,000 201 7101 5037512 Appraisals & Title Reports 12,000
201 7101 5085001 Vehicle Tires & Tubes 18,000
201 7101 7200014 Improvements - Other 7,500
211 8021 8515051 Steam Turbine, Condensate, and Cooling Tower 120,000 211 8021 8545051 Hydroelectric Turbine 30,000
211 8021 8924831 Property Insurance General 55,000
211 8035 8921301 Administrative & General - PC Equipment & Software105,000 211 8041 8593141 Vegetation Management Overhead Contracts 135,000 211 8051 8570041 Transmission Maintenance 230 Equipment Contract 40,000 A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE 70thAMENDMENT TO CITY BUDGET RESOLUTION NO. 2023-60 INCREASINGAPPROPRIATIONS BY $3,579,340 FOR FISCAL YEAR 2024-25. 51st AMENDMENT TO CITY BUDGET RESOLUTION NO. 2023 -060

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Attachment: ^Resolution (9.10(b)--City of Redding Mid-Year Budget Review) Resolution No. 2024 - ____
Fiscal Year Ended 2025 (Continued)
Expenditures (Continued) Use of Funds Source of Funds 211 8051 8598801 PCB Testing / Material Disposal 30,000 211 8079 8921051 Administrative & General Materials & Supplies 110,000 211 8079 8921301 Administrative & General - PC Equipment & Software90,000 211 8091 7200006 Fencing, Signage, etc. 63,000
211 8095 7800016 REU - Transformers 300,000
231 6305 5037501 Professional Services & Consulting 75,000 231 6305 5092504 Wastewater Maintenance & Repairs 25,000 231 6305 5125001 Operating Materials & Supplies 275,000 251 6501 5037505 Legal Services 60,000
251 6507 7800042 Wastewater - Structures & Improvements 29,840 311 3101 5110001 Communication Expense 36,000
361 3605 5010001 Variable Charge Mail 92,000
361 3605 5040001 Specialized Services & Technical 205,000 361 3605 5087501 Bank Service Fees 140,000
381 3801 5205001 Insurance Premiums 890,000
383 3831 5205001 Insurance Premiums 510,000
3,579,340$ 3,579,340$
THAT the purpose is to increase appropriations by $3,579,340 for fiscal year 2024-25 I HEREBY CERTIFY that the foregoing Resolution was introduced and adopted at a regular meeting of the City Council for the City of Redding on the 18th day of March, 2025 and was duly adopted at said meeting by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN:COUNCIL MEMBERS:

JACK MUNNS, Mayor
ATTEST: FORM APPROVAL:

SHARLENE TIPTON, City Clerk CHRISTIAN CURTIS, City Attorney 51st AMENDMENT TO CITY BUDGET RESOLUTION NO. 2023 -060

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Attachment: ^Resolution (9.10(b)--City of Redding Mid-Year Budget Review) Amended Amended
23-24 24-25 2025-26 2026-27 2027-28 2028-29
Beginning Cash Balance 21,000 13,307 7,990 2,671 (1,562) (6,519) Revenues 97,238 98,906 101,381 103,101 106,167 109,323 Net Transfers 7,237 7,019 7,529 7,955 8,194 8,440
Total Revenues 104,474 105,924 108,911 111,057 114,361 117,762 Personnel Costs (75,070) (79,059) (83,649) (84,435) (87,552) (90,105) Operating Costs (29,900) (25,239) (23,099) (23,814) (24,551) (25,311) Capital Outlay (7,107) (7,000) (7,210) (7,427) (7,650) (7,879) Debt Service (2,118) (1,957) (1,965) (1,318) (1,314) (1,313) Savings 2,028 2,015 1,694 1,703 1,749 1,796
Net Expenditures (112,167) (111,241) (114,230) (115,290) (119,318) (122,813) Ending Cash Balance 13,307 7,990 2,671 (1,562) (6,519) (11,569) Projections toward Council Objectives
Ending Cash as Percentage of
Expenditures 11.9% 7.2% 2.3% -1.4% -5.5% -9.4%
Projected Personnel Percentage 65.7% 69.8% 72.2% 72.2% 72.3% 72.3% Fiscal Year
City of Redding
General Fund Ten Year Plan (in thousands)
Adopted September 17, 2024
Fiscal Year Ending 2024 & 2025
Packet Pg. 825
Attachment: Ten Year Plan 23-24 & 24-25 Dec 2024 (9.10(b)--City of Redding Mid-Year Budget Review) 2029-30 2030-31 2031-32 2032-33 2033-34
Projected Cash Balance (11,569) (16,447) (20,580) (23,187) (24,832) Projected Revenues 112,578 115,938 119,412 123,012 126,735 Projected Net Transfers 8,693 8,954 9,222 9,499 9,784 Total Projected Revenues 121,271 124,891 128,634 132,511 136,519 Projected Personnel Costs (92,476) (94,356) (95,542) (97,393) (98,819) Projected Operating Costs (26,094) (26,902) (27,734) (28,592) (29,476) Projected Operating Costs (8,115) (8,359) (8,610) (8,868) (9,134) Projected Debt Service (1,310) (1,309) (1,311) (1,315) (1,132) Projected Savings 1,848 1,901 1,955 2,011 2,069
Net Projected Expenditures (126,148) (129,025) (131,241) (134,156) (136,491) Projected Ending Cash (16,447) (20,580) (23,187) (24,832) (24,804) Projections toward Council Objectives
Ending Cash as Percentage of
Expenditures -13.0% -16.0% -17.7% -18.5% -18.2%
Projected Personnel Percentage 72.2% 72.1% 71.7% 71.5% 71.3% Fiscal Year
City of Redding
General Fund Ten Year Plan (in thousands)
Adopted September 17, 2024
Fiscal Year Ending 2024 & 2025
Packet Pg. 826
Attachment: Ten Year Plan 23-24 & 24-25 Dec 2024 (9.10(b)--City of Redding Mid-Year Budget Review)

CITY OF REDDING

REPORT TO THE CITY COUNCIL

Recommendation

Authorize and approve the following:
(1) Adopt uncodified Ordinance No. 2675 to amend the Retirement Contract (C -99) between the City of Redding (City) and California Public Employees Retirement System (CalPERS) to adopt Government Code Section 20516 (Employees Sharing Additional Cost) for Unrepresented Safety and Non-Safety Employees and Elected Officials; (2) Authorize the Mayor to sign the contract for the City upon receipt of the final document from CalPERS;
(3) Authorize the City Clerk to sign the Certification of Compliance with Gove rnment Code Section 20516 (CON 500); and
(4) Authorize the City Clerk to sign the Certification of Compliance with Government Code Section 7507 (CON 12A).

Fiscal Impact

Implementation of the cost savings provisions will result in savings to the City of Redding (City) of an additional .876-1.73 percent of employee gross wages for Classic Tier 1 Miscellaneous and Classic Tier 1 and Tier 2 Safety members of the Unrepresented Management and Elected Officials group. The total estimated amount of the savings a s a result of these modifications is approximately $740,000 per year, of which approximately $25,000 is applicable to the General Fund.

MEETING DATE: March 18, 2025
ITEM NO. 9.15(a)
FROM:

***APPROVED BY***

[email protected]

[email protected]
SUBJECT: 9.15(a)—Adoption of an Uncodified Ordinance authorizing an amendment to the City of Redding' s contract with California Public Employees' Retirement System (CalPERS) to allow Unrepresented Safety and Non-Safety Employees and Elected Officials to share additional costs of the retirement benefit.

Kari Kibler, Personnel
Director
Packet Pg. 827
Report to Redding City Council March 18, 2025
Re: 9.15(a)--Adopt Uncodified Ordinance No. 2675 Page 2

Alternative Action

The City Council could decline to adopt the attached Uncodified Ordinance. This is not recommended as these steps are required in order to move forward with amending the California Public Employees Retirement System (CalPERS) contract to effectuate the change in cost sharing provisions. As a result, the City’s CalPERS contract for Classic Unreprese nted Non - Safety Employees and Elected Officials would not be changed in accordance with the Employment and Benefit Policies for Unrepresented Employees.

Background/Analysis

On December 17, 2024, the Council adopted Resolution No. 2024 -112, confirming th e agreement between the City and the Classic Unrepresented Safety and Non -Safety Employees and Elected Officials for additional cost sharing of employer contributions to CalPERS. The Classic CalPERS Unrepresented Non -Safety Employees and Elected Officials agreed to pay an additional .876 percent of gross wages toward the City’s employer contribution, Classic CalPERS Unrepresented Safety Employees in Tier 1 agreed to pay an additional 1.73 percent of gross wages toward the City’s employer contribution, and C lassic CalPERS Unrepresented Safety Employees in Tier 2 agreed to pay an additional 1.62 percent of gross wages toward the City’s employer contribution. The increased contribution will be effective when the CalPERS contract amendment has been executed.

On February 18, 2025, the Council introduced the attached Uncodified Ordinance and adopted Resolution No. 2025 -012, giving notice of intent to amend the CalPERS contract pursuant to Public Employees’ Retirement Law, Section 20516 – Cost Sharing, for Unrepre sented Employees and Elected Officials.

CalPERS sets specific procedures that the City must follow to make changes to the CalPERS contract. The recommended action will finalize the process with CalPERS to implement the changes as referenced above.

The cost-sharing modification is permitted in Government Code Section 20516, and the pre -tax contributions are consistent with IRS Code Section 401(a). Per the CalPERS amendment process, staff is now seeking final adoption of the Uncodified Ordinance to be effe ctive April 17, 2025, with the effective date of the amended CalPERS contract aligning with the beginning of the following pay period on April 27, 2025.

Environmental Review

This is not a project defined under the California Environmental Quality Act, an d no further action is required.

Council Priority/City Manager Goals

• Budget and Financial Management – “Achieve balanced and stable 10 -year Financial Plans for all funds.”

Attachments
^Uncodified Ordinance - Final
Packet Pg. 828
Report to Redding City Council March 18, 2025
Re: 9.15(a)--Adopt Uncodified Ordinance No. 2675 Page 3

^Certification of Compliance with Government Code Section 7507 ^Certification of Compliance with Government Code Section 20516 ^Certification of Employee Election
^Certification of Governing Body’s Action
^CalPERS Amendment to Contract – Exhibit
Resolution of Intention No. 2025-012
Packet Pg. 829
ORDINANCE NO. __________

AN UNCODIFIED ORDINANCE OF THE CITY COUNCIL OF THE CITY

OF REDDING AUTHORIZING AN AMENDMENT TO THE CONTRACT

BETWEEN THE CITY COUNCIL OF THE CITY OF REDDING AND THE

BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC
EMPLOYEES’ RETIREMENT SYSTEM

The City Council of the City of Redding does ordain as follows:

Section 1. That an amendment to the contract between the City Council of the City of Redding and the Board of Administration, California Public Employees’ Retirement System is hereby authorized, a copy of said amendment on file in the City Clerk’s Office, and by such reference made a part hereof as though herein set out in full.

Section 2. The Mayor of the City Council is hereby authorized, empowered, and directed to execute said amendment for and on behalf of said Agency.

Section 3. This ordinance shall take effect 30 days after the date of its adoption, and prior to the expiration of fifteen days from the passage thereof shall be published at least once in the Redding Record Searchlight, a newspaper of general circulation, published and circulated in the City of Redding, and thenceforth and thereafter the same shall be in full force and effect.

I HEREBY CERTIFY that this Ordinance was introduced and read at a regular me eting of the City Council of the City of Redding on the 18th day of February, 2025; and was read and adopted at a regular meeting of the City Council on the 18th day of March, 2025, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

________________________________
JACK MUNNS, Mayor

ATTEST: FORM APPROVED:

___________________________ _________________________________ SHARLENE TIPTON, City Clerk CHRISTIAN M. CURTIS, City Attorney Packet Pg. 830
Attachment: ^Uncodified Ordinance - Final (9.15(a)--Adopt Uncodified Ordinance No. 2675) Redding City Council
City of Redding
02/18/2025
Packet Pg. 831
Attachment: ^Certification of Compliance with Government Code Section 7507 (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 832
Attachment: ^Certification of Compliance with Government Code Section 20516 (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 833
Attachment: ^Certification of Employee Election (9.15(a)--Adopt Uncodified Ordinance No. 2675) A�CalPERS
California Public Employees' Retirement System
Financial Office I Pension Contracts and Prefunding Programs Division P.O. Box 942703, Sacramento, CA 94229-2703
888 CalPERS (or 888-225-7377) I TTY: (877) 249-7442 I www.calpers.ca.gov Certification of Governing Body's Action
I hereby certify that the foregoing is a true and correct copy of a Resolution adopted by the ------------------------------- ofthe
(governing body)
(public agency)
on __________ _
(date)
Clerk/Secretary
Title
PERS-CON12 (rev. 1/22/19)
Redding City Council
City of Redding
February 18, 2025
Packet Pg. 834
Attachment: ^Certification of Governing Body’s Action (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 835
Attachment: ^CalPERS Amendment to Contract – Exhibit (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 836
Attachment: ^CalPERS Amendment to Contract – Exhibit (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 837
Attachment: ^CalPERS Amendment to Contract – Exhibit (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 838
Attachment: ^CalPERS Amendment to Contract – Exhibit (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 839
Attachment: ^CalPERS Amendment to Contract – Exhibit (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 840
Attachment: ^CalPERS Amendment to Contract – Exhibit (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 841
Attachment: ^CalPERS Amendment to Contract – Exhibit (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 842
Attachment: ^CalPERS Amendment to Contract – Exhibit (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 843
Attachment: Resolution of Intention No. 2025-012 (9.15(a)--Adopt Uncodified Ordinance No. 2675) Packet Pg. 844
Attachment: Resolution of Intention No. 2025-012 (9.15(a)--Adopt Uncodified Ordinance No. 2675)