Agenda Packet — Redding City Council, February 3, 2026 (part 3 of 3)

Deferred Outflows
of Resources
Deferred Inflows of
Resources
Pension contributions made after measurement date $ 7,481,977 $ - Changes of Assumptions - - Difference between expected and actual experience 1,356,583 - Net difference between projected and actual earnings on pension plan investments - (89,508)
Total $ 8,838,560 $ (89,508)
The amounts above are net of outflow and inflows recognized in the 2023-24 measurement period expense.

The expected average remaining service lifetime (“EARSL”) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired). The EARSL for the PARS plan for the 2023-24 measurement is 1.9 years, which was obtained by dividing the total service years of 1,379 (the sum of remaining service lifetimes of the active employees) by 726 (the total number of participants: active, inactive and retired).

Packet Pg. 602 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
128
Note 16 – Retirement Plans (Continued)
C. PARS (Continued)
d. Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions (Continued) The $7,481,977 reported as deferred outflows of resources related to pension resulting from the City’s contributions subsequent to the measurement date during the fiscal year ended June 30, 2025, will be recognized as a reduction of the net pension liability in the year ended June 30, 2025. Other amounts reported as deferred outflow and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

Year Ended June 30 Amount
2026 $ 1,209,421
2027 1,912,521
2028 (1,028,895)
2029 (825,972)
2030 - Thereafter - Total $ 1,267,075
e. Payable to the Pension Plan
At June 30, 2025, The City reported a payable of $ -0- for the outstanding amount of contributions to the pension plan required for the year ended June 30, 2025.

Packet Pg. 603 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
129
Note 17 – Other Postemployment Healthcare Benefits
The following is a summary of Net other postemployment benefits (“OPEB”) liabilities and related deferred outflows and inflows of resources as of June 30, 2025:

Aggregate Net OPEB Liability
Aggregate Net OPEB Liability is reported in the accompanying Statements of Net Position as follows:

Governmental Activities
(minus Internal Service Funds) $ 40,037,012
Internal Service Funds:

Equipment 1,531,791
Information Systems 1,533,884
General Support Services 1,809,308
Risk Management 483,925
Municipal Utilities Support 1,947,930
Total Internal Service Funds 7,306,838
Total Governmental Activities 47,343,850
Enterprise funds:

Electric Utility 21,482,516
Water Utility 2,274,627
Wastewater Utility 2,988,739
Solid Waste Utility 4,960,277
Airport 701,743
Storm Drainage Utility 390,209
Total Enterprise funds 32,798,111
Total $ 80,141,961
OPEB
Packet Pg. 604 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
130
Note 17 – Other Postemployment Healthcare Benefits (Continued) Deferred Outflows of Resources
Deferred outflows of resources are reported in the accompanying Statements of Net Position as follows:

OPEB Contributions made after the Measurement Date
Governmental Activities
(minus Internal Service Funds) $ 2,314,887
Internal Service Funds:

Equipment 88,566
Information Systems 88,687
General Support Services 104,612
Risk Management 27,980
Municipal Utilities Support 112,627
Total Internal Service Funds 422,472
Total Governmental Activities 2,737,359
Enterprise funds:

Electric Utility 1,242,091
Water Utility 131,516
Wastewater Utility 172,805
Solid Waste Utility 286,797
Airport 40,574
Storm Drainage Utility 22,561
Total Enterprise funds 1,896,344
Total $ 4,633,703
OPEB
Difference between Projected and Actual Earnings on Pension Plan Investments Governmental Activities
(minus Internal Service Funds) $ 156
Internal Service Funds:

Equipment 6
Information Systems 6
General Support Services 8
Risk Management 2
Municipal Utilities Support 8
Total Internal Service Funds 30
Total Governmental Activities 186
Enterprise funds:

Electric Utility 83
Water Utility 8
Wastewater Utility 11
Solid Waste Utility 20
Airport 3
Storm Drainage Utility 2
Total Enterprise funds 127
Total $ 313
OPEB
Packet Pg. 605 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
131
Note 17 – Other Postemployment Healthcare Benefits (Continued) Deferred Outflows of Resources (Continued)
Changes of Assumptions
Governmental Activities
(minus Internal Service Funds) $ 3,484,543
Internal Service Funds:

Equipment 133,316
Information Systems 133,499
General Support Services 157,470
Risk Management 42,117
Municipal Utilities Support 169,534
Total Internal Service Funds 635,936
Total Governmental Activities 4,120,479
Enterprise funds:

Electric Utility 1,869,689
Water Utility 197,968
Wastewater Utility 260,118
Solid Waste Utility 431,708
Airport 61,075
Storm Drainage Utility 33,961
Total Enterprise funds 2,854,519
Total $ 6,974,998
OPEB
Packet Pg. 606 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
132
Note 17 – Other Postemployment Healthcare Benefits (Continued) Deferred Outflows of Resources (Continued)
Differences between Expected and Actual Experience
Governmental Activities
(minus Internal Service Funds) $ 11,131,067
Internal Service Funds:

Equipment 425,868
Information Systems 426,450
General Support Services 503,023
Risk Management 134,541
Municipal Utilities Support 541,562
Total Internal Service Funds 2,031,444
Total Governmental Activities 13,162,511
Enterprise funds:

Electric Utility 5,972,557
Water Utility 632,390
Wastewater Utility 830,928
Solid Waste Utility 1,379,054
Airport 195,097
Storm Drainage Utility 108,486
Total Enterprise funds 9,118,512
Total $ 22,281,023
OPEB
Total Deferred Outflows
Governmental Activities
(minus Internal Service Funds) $ 16,930,654
Internal Service Funds:

Equipment 647,756
Information Systems 648,642
General Support Services 765,112
Risk Management 204,640
Municipal Utilities Support 823,731
Total Internal Service Funds 3,089,881
Total Governmental Activities 20,020,535
Enterprise funds:

Electric Utility 9,084,420
Water Utility 961,882
Wastewater Utility 1,263,862
Solid Waste Utility 2,097,579
Airport 296,749
Storm Drainage Utility 165,010
Total Enterprise funds 13,869,502
Total $ 33,890,037
OPEB
Packet Pg. 607 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
133
Note 17 – Other Postemployment Healthcare Benefits (Continued) Deferred Inflows of Resources
Deferred Inflows of resources are reported in the accompanying Statements of Net Position as follows:

Changes in Assumptions
Governmental Activities
(minus Internal Service Funds) $ 2,299,383
Internal Service Funds:

Equipment 87,973
Information Systems 88,094
General Support Services 103,910
Risk Management 27,792
Municipal Utilities Support 111,871
Total Internal Service Funds 419,640
Total Governmental Activities 2,719,023
Enterprise funds:

Electric Utility 1,233,773
Water Utility 130,635
Wastewater Utility 171,648
Solid Waste Utility 284,875
Airport 40,300
Storm Drainage Utility 22,410
Total Enterprise funds 1,883,641
Total $ 4,602,664
OPEB
Total Deferred Inflows
Governmental Activities
(minus Internal Service Funds) $ 2,299,383
Internal Service Funds:

Electric Utility 1,233,773
Water Utility 130,635
Wastewater Utility 171,648
Solid Waste Utility 284,875
Airport 40,300
Storm Drainage Utility 22,410
Total Enterprise funds 1,883,641
Total $ 4,602,664
OPEB
Packet Pg. 608 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
134
Note 17 – Other Postemployment Healthcare Benefits (Continued) Responsible Governmental Funds
The governmental funds responsible for liquidating OPEB liabilities include; General Fund, Community Development, and Parking.

General Information about the OPEB Plan
Plan Description
The City of Redding PARS Post-Retirement Health Care Plan (the “Plan”) is a single employer defined benefit healthcare plan administered by Phase II Systems, dba Public Agency Retirement Services (PARS). The Plan provides medical and dental insurance benefits to eligible retirees and their spouses. The City Council has the authority to establish and amend benefit provisions to the plan.

Funding Policy
The contribution requirements of plan members are established and may be amended by the City Council. The required contribution is based on projected pay-as-you-go financing requirements, with an additional amount to prefund benefits as determined annually by the City Council.

Employees Covered by Benefit Term
Inactive employees or beneficiaries currently receiving benefits 328 Inactive employees entitled to but not yet receiving benefits - Active employees 878 Total 1,206
Packet Pg. 609 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
135
Note 17 – Other Postemployment Healthcare Benefits (Continued) Net OPEB Liability
The City’s net OPEB liability was measured as of June 30, 2024, and the actuarial valuation used to calculate the net OPEB liability was as of June 30, 2023.

Actuarial Assumptions
The total OPEB liability in the June 30, 2023, actuarial valuation was determined using the following actuarial assumptions:

Valuation Date June 30, 2023
Measurement Date June 30, 2024
Actuarial Assumptions:

Discount Rate 3.93% at June 30, 2024 Bond Buyer 20-bond Index

3.65% at June 30, 2023 Bond Buyer 20-bond Index
General Inflation 2.50%
Expected Net Long-Term Rate
of Return on Investments:

3.50% at June 30, 2024

3.50% at June 30, 2023
Mortality Rate Table CalPERS 2000-2019 Experience Study Mortality Improvement Mortality projected fully generational with Scale MP2021 Salary Increases 2.75%
Medical Trend Non-Medicare - 8.50% for 2025, decreasing to an ultimate rate of 3.45% in 2076
Medicare - 7.50% for 2025, decreasing to an ultimate
rate of 3.45% in 2076
Medical participation Medicare - 100% actives and retirees assumed to be eligible and will participate in Medicare
Healthcare participation for
future retirees Single coverage: 60% pre-65, 20% post-65 2-Party and family coverage - 75% pre-65, 50% post-65
Healthcare participation for
current retirees
30% for single and 70% for 2-party/family after age 65
for retirees currently under 65
100% for other retirees
Packet Pg. 610 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
136
Note 17 – Other Postemployment Healthcare Benefits (Continued) Net OPEB Liability (Continued)
Changes in Net OPEB Liability
Total OPEB
Liability
Fiduciary Net
Position
Net OPEB
Liability
Balance at June 30, 2023 (Measurement Date) $ 79,047,029 $ 54,218 $ 78,992,811 Changes in the year:

Service costs 4,277,362 4,277,362 - Interest on the total pension liability 2,962,644 2,962,644 - Changes of benefit terms - - - Effect of economic/demographic gains or losses - - - Differences between actual and expected experience - - - Change in assumptions (1,775,934) (1,775,934) - Contributions - employer 4,312,188 - (4,312,188) Contributions - employee - - - Net investment income - 2,873 (2,873) Administrative expenses - (139) 139
Benefit payments, including refunds of employee
contributions
Net changes 1,151,884 2,734 1,149,150
Balance at June 30, 2024 (Measurement date) $ 80,198,913 $ 56,952 $ 80,141,961 (4,312,188) (4,312,188) -
Sensitivity of the Net OPEB Liability to Changes in the Discount Rate The following presents the net OPEB liability of the plan as of the measurement date, calculated using the discount rate of 3.93%, as well as what the net OPEB liability would be if it were calculated using a discount rate that is 1 percentage point lower (2.93%) or 1 percentage point higher (4.93%) than the current rate:
1% Decrease
(2.93%)
Current Rate
(3.93%)
1% Increase
(4.93%)
Net OPEB Liability $ 86,679,371 $ 80,141,961 $ 74,148,853 Sensitivity of the Net OPEB Liability to Changes in the Healthcare cost Trend Rates The following presents the net OPEB liability of the plan as of the measurement date, calculated using healthcare cost trend rates, as well as what the net OPEB liability would be if it were calculated using a trend that is one percentage point lower or one percentage higher than the current healthcare cost trend rates:
1% Decrease Current Trend 1% Increase
Net OPEB Liability $ 71,793,922 $ 80,141,961 $ 89,913,644 Packet Pg. 611 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
137
Note 17 – Other Postemployment Healthcare Benefits (Continued) OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB For the year ended June 30, 2025, the City recognized OPEB expense of $13,280,278. At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Deferred Outflows
of Resources
Deferred Inflows of
Resources
OPEB contributions made after measurement date $ 4,633,703 $ - Changes of assumptions 6,974,998 4,602,664 Difference between expected and actual experience 22,281,023 - Net difference between projected and actual earnings on OPEB plan investments 313 - Total $ 33,890,037 $ 4,602,664 The $4,633,702 reported as deferred outflows of resources related to pension resulting from the City’s contributions subsequent to the measurement date during the fiscal year ended June 30, 2025, will be recognized as a reduction of the net OPEB liability in the year ended June 30, 2025. Other amounts reported as deferred outflow and deferred inflow of resources related to OPEB will be recognized in future OPEB expense as follows:

Year Ended June 30 Amount
2026 $ 5,748,953
2027 4,429,335
2028 4,065,180
2029 3,874,549
2030 2,381,240
Thereafter 4,154,413
Total $ 24,653,670
Packet Pg. 612 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
138
Note 18 – Fund Balances
Fund balance as of June 30, 2025, consists of the following:

General Major Capital Community Other
Fund Project Fund Development Funds Total
Fund balances:

Nonspendable fund balance:

Prepaids and inventory $ 1,465,589 $ 40,425 - $ $ 47,752 $ 1,553,766 Contractually nonspendable 932,348 - - 932,348 - Total nonspendable 2,397,937 40,425 - 47,752 2,486,114 Restricted fund balance:

Fiscal agent reserves 2,092 - - - 2,092
Capital projects 14,917,671 - - 14,917,671 - Debt service - - 14,925 - 14,925 Opioid Settlement 1,470,781 - - 1,470,781 - Special Revenue Community development - 76,699,481 - 136,721 76,836,202 Housing - - 16,302,995 - 16,302,995
Landscape maintenance - - 1,375,963 - 1,375,963
Library - - 1,418,032 - 1,418,032
Local transportation - - 14,224,800 - 14,224,800
Police asset seizure - - 185,459 - 185,459
Total restricted 1,472,873 14,917,671 76,699,481 33,658,895 126,748,920 Assigned fund balance:

Operations and maintenance
Police 21,762 - - - 21,762
Fire 161,655 - - 161,655 -
Public works 397,361 - - 397,361 -
Planning 111,435 - - 111,435 -
Recreation and culture 19,970 - - - 19,970
General Government 681,871 - - 681,871 - Capital projects Public works 1,647,551 - - 1,647,551 -
Planning 150,492 - - 150,492 -
Recreation and culture 36,413 - - - 36,413
Vehicles and equipment
Police 137,387 - - 137,387 -
Fire 57,089 - - - 57,089
Recreation and culture 63,238 - - - 63,238
Rolling stock 2,513,909 - - 2,513,909 - Future capital projects 439,607 - - 439,607 - - Total assigned 6,439,740 - - 6,439,740 - Unassigned:

General fund 6,581,133 - - 6,581,133 - Special Revenue - - (628,195) - (628,195) Total unassigned 6,581,133 - (628,195) - 5,952,938
Total fund balances $ 16,891,683 $ 14,917,671 $ 76,739,906 $ 33,078,452 $ 141,627,712 Packet Pg. 613 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
139
Note 19 – Net Investment in Capital Assets
Net Investment in Capital Assets as of June 30, 2025, consisted of the following:

Governmental Business-Type
Activities Activities
Net investment in capital assets
Capital assets, nondepreciable $ 124,982,744 $ 126,946,111 Capital assets, depreciable 260,245,690 458,489,435
Deferred amount on refunding
Current portion of long-term debt:

Governmental (2,600,135) - Electric Utility - (14,245,555) Water Utility - (23,581)
Wastewater Utility - (4,850,096)
Solid Waste Utility - (39,013)
Airport - (33,339)
Storm Drainage Utility - (11,791)
Long-term debt, excluding current portion:

Governmental (24,547,526) - Electric Utility - (138,662,977) Water Utility - (26,531)
Wastewater Utility - (34,723,610)
Airport - (237,776)
Storm Drainage Utility - (13,265)
Deferred gain/loss on refunding
Governmental 73,227 - Electric Utility - 3,779,639
Wastewater Utility - 652,536
Debt not used for capital assets
Governmental 47,261 - Electric Utility - 46,966,856
Accounts payable used for capital assets
Governmental (911,908) - Electric Utility - (1,711,474) Water Utility - (938,257)
Wastewater Utlity - (893,574)
Solid Waste Utility - (44)
Airport - (49,422)
Net investment in capital assets $ 357,289,353 $ 440,374,272 Packet Pg. 614 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
140
Note 20 – Commitments and Contingencies
A. Construction Commitments
A number of construction contracts existed at June 30, 2025. The unexpended authorized amount of $55,828,048 represents a commitment by the City.

B. Redding Electric Utility (REU)
i) REU was contractually obligated to purchase 7,500 Dth/day of GTN natural gas pipeline capacity that expired October 31, 2023, through which REU sold its delivery rights to the GTN through the remainder of the contract period. The City realized a small net revenue from this asset due to the GTN rate reductions implemented annually and the sale of GTN capacity rights. Beginning November 1, 2023, REU permanently released its rights and no longer has any ownership, fees, or revenue related to the GTN pipeline. ii) REU is contractually committed to purchase natural gas in the 2025 through 2028 time period. The following table provides on a fiscal year basis the approximate purchase dollar amount and what percentage these purchases cover of the minimum fuel requirements for the expected operating level of the Redding Power facility.
2026 2027 2028 2029 2030
Purchase Cost $ (million) 14.1$ 13.0$ 8.6$ 5.4$ 2.7$
% Natural Gas Hedge ** 100% 77% 59% 48% 25%
** This is the % of gas acquired to meet power retail sales after considering all other power resources and before wholesale power and gas transactions.
iii) In 2010, REU entered into a 28 - year term contract with Gill Ranch Storage. Under the Agreement REU has leased 2,250,000 Dth of cushion gas initially valued at $13,570,000 to Gill Ranch and Gill Ranch provides REU with approximately 600,000 Dth of natural gas storage. At the end of the contract term in 2038, the cushion gas will be returned to REU with an anticipated value greater than the initial $13,570,000 value. iv) REU has contractually committed to purchase power from M-S-R Public Power Agency on an as-delivered basis from the Big Horn Wind energy project. Deliveries began on October 1, 2006. REU’s share of the output from the wind project is approximately 170,000 MWh per year. The twenty-year contract with an option to extend five years has a $13,540,000 annual expected expense. The wind-based energy from this contract is a major source of eligible renewable energy with the associated environmental attributes available to meet REU’s renewable resource portfolio requirements. M-S-R completed an amendment to the Big Horn contract which addresses financial responsibility for the Bonneville Power Administration’s Wind Integration Charge (WIC).

Currently, the WIC is approximately $1.01 per kw-mo and is included in the annual expected expense mentioned above.

Packet Pg. 615 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
141
Note 20 – Commitments and Contingencies (Continued)
B. Redding Electric Utility (REU) (Continued)
i) The City of Redding, in conjunction with the Northern California Power Agency (NCPA) and Cities of Roseville and Santa Clara (collectively the “Plaintiffs”), filed a complaint in September 2014 in the U.S. Court of Claims seeking recovery of more than $45 million in overcharges imposed by the Bureau of Reclamation for the Central Valley Project Improvement Act (CVPIA). The CVPIA, established in 1992, obligates Reclamation to collect roughly $30 million per year (in 1992 dollars) from water and power customers who benefit from the Central Valley Project (CVP), in proportion to the users’ project repayment obligation over a 10-year rolling average. Through the end of 2019, Reclamation estimates CVP capital costs to the power users over the previous 10 years is 34.07%; however, the CVPIA collections had averaged 45% over the same time period. Redding and the other plaintiffs in this claim believe that Reclamation has overcharged the CVP power customers and are seeking repayment. In July of 2018, the U.S. Court of Federal Claims denied the Plaintiffs’ complaint. Due to the large amount of overcharges, the Plaintiffs filed notices of appeal of the case to the Federal Circuit in September of 2018. On November 6, 2019, the Federal Circuit issued an opinion where they reversed the Court of Federal Claims judgment and remanded for future proceedings consistent with the opinion. In June 2023, the City of Redding was awarded $15,884,102 in damages from the litigation.

C. West Central Landfill
In 1990 the City entered into an agreement with Shasta County to operate West Central Landfill (the landfill).

Under the agreement, the City is obligated to operate the landfill at least until there are no bonds or contracts outstanding. The 1997 refunding bonds expired July 1, 2010, and the bonds were paid off. The City records the activity and net position of the operations portion of the landfill in its Solid Waste enterprise fund. Net position associated with the landfill, recorded on the City’s books at June 30, 2025, was $10,185,963. The net position includes net investment in capital assets of $7,111,079 and unrestricted of $3,074,884.

D. Grants
Amounts received or receivable from granting agencies are subject to audit and adjustments by grantor agencies.

While no matters of non-compliance were disclosed by the audit of the financial statements or single audit of the Federal programs, grantor agencies may subject grant programs to additional compliance tests, which may result in disallowed costs. In the opinion of management, future disallowances of current or prior grant expenditures, if any, would not have material adverse effect on the financial position of the City.

E. Litigation
Various claims and suits have been filed against the City in the normal course of business. Although the outcome of these matters is not presently determinable in the opinion of legal counsel, the city believes that the resolutions of these matters will not have a material adverse effect on the financial condition of the City.

Packet Pg. 616 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
142
Note 21 – Successor Agency Trust for Assets of the Former Redevelopment Agency On December 29, 2011, the California Supreme Court upheld Assembly Bill 1X 26 (“the Bill”) that provides for the dissolution of all redevelopment agencies in the State of California. In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011) all redevelopment agencies in the State of California were dissolved and ceased to operate as a legal entity as of February 1, 2012. The assets and activities of the dissolved redevelopment agency are reported in a fiduciary fund (private-purpose trust fund) in the financial statements of the City.

The Bill provides that upon dissolution of a redevelopment agency, either the city or another unit of local government will agree to serve as the “successor agency” to hold the assets until they are distributed to other units of state and local government. On January 12, 2012, the City Council elected to become the Successor Agency for the former redevelopment agency in accordance with the Bill as part of City resolution number 2012-001.

Following the disbursement of unencumbered funds, the Department of Finance of the State of California granted a “Finding of Completion” on June 20, 2013, to the City of Redding Successor Agency. The Successor Agency is now allowed to place loan agreements between the former redevelopment agency and sponsoring entity on the Recognized Obligation Payment Schedule and utilize remaining bond proceeds.

Successor agencies are only allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of the former redevelopment agency until all enforceable obligations of the prior redevelopment agency have been paid in full and all assets have been liquidated.

The Bill directs the State Controller of the State of California to review the propriety of any transfers of assets between redevelopment agencies and other public bodies that occurred after January 1, 2011. If the public body that received such transfers is not contractually committed to a third party for the expenditure or encumbrance of those assets, the State Controller is required to order the available assets to be transferred to the public body designated as the successor agency by the Bill. The State Controller completed the review of all assets transferred and issued a report dated October 13, 2014.

The review found that the Agency transferred $69,027,149 in assets after January 2, 2011, including unallowable transfers to the City totaling $876,800. The City turned over the $876,800 to the Agency that was subsequently remitted to the Shasta County Auditor-Controller for distribution to the taxing entities.

Packet Pg. 617 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
143
Note 21 – Successor Agency Trust for Assets of the Former Redevelopment Agency (Continued) Long-term debt consisted of the following as of June 30, 2025:

SHASTEC Tax Allocation Bonds, Series 2023 (Refunded SHASTEC 2006):

Interest at 5.0% payable March 1 and September 1; maturities are payable September 1 in annual redemptions from $425,000 to $770,000; final payment September 1, 2036. Original issue:
$15,000,000. Refunded at $7,545,000 on the Series 2006 SHASTEC Bonds whose proceeds from the Series 2006 Bonds are used to finance various capital improvements within the SHASTEC Redevelopment Area. 7,120,000
Total bonds outstanding 7,120,000
Premium on SHASTEC 2023 675,423
Total discount/premium 675,423
Total long-term bonded debt $ 7,795,423
Annual requirements to amortize long-term bonds outstanding as of June 30, 2025, are set forth below:

Fiscal Year Principal Interest Total
2026 $ 440,000 $ 345,000 $ 785,000
2027 465,000 322,375 787,375
2028 490,000 298,500 788,500
2029 520,000 273,250 793,250
2030 540,000 246,750 786,750
2031-2035 3,165,000 786,875 3,951,875
2036-2040 1,500,000 76,000 1,576,000
Total $ 7,120,000 $ 2,348,750 $ 9,468,750
Note 22 – Subsequent Events
A. Community Development Block Grant Section 108 Loan
On March 18, 2025, the City of Redding entered into a Section 108 Loan Guarantee Program note for the development of the South City Park project. The maximum loan amount is $2,458,000. This is a variable interest rate loan with a maturity date of August 1, 2045. This loan is incurred as draws are completed. Housing is still waiting on formal establishment of the loan following the first payment disbursement. The first disbursement request was submitted October 31, 2025
On November 7, 2023, City Council irrevocably pledged Community Development Block Grant (CDBG) funds pledged by the Borrower pursuant to 24 CFR 570.705(b)(2) and the General Fund in support of all obligations of the City as Borrower under any notes executed by the City, up to the amount of Housing and Urban Development’s (HUD) commitment for Section 108 Loan Guarantee Assistance, evidencing the Section 108 guaranteed loan for the City's South City Park Redevelopment Plan pursuant to paragraph 15 of the related Contract for Section 108 Loan Guarantee Assistance between the City and HUD. This pledge shall be enforceable in mandamus against the City.

The City General fund will recognize a fund balance commitment of the loan balance on financial statement beginning June 30, 2026 and thereafter until the loan is repaid. A principal payment of $122,000 will be made each year on August 1st starting in 2026 going up to $123,000 in 2028 and ending in 2045. The City has the option of redemption starting August 1, 2036.

Packet Pg. 618 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Notes to the Basic Financial Statements
For the Year Ended June 30, 2025
144
Note 22 – Subsequent Events (Continued)
B. Continuum of Care Special Revenue Fund
In June 2023, the NorCal Continuum of Care (CoC) unexpectedly was provided with a letter of resignation from Shasta County serving as the Administrative Entity (AE). This left the CoC essentially unable to complete the annual submission of the Collaborative Application to the United States Department of Housing and Urban Development (HUD). On August 15, 2023, City Council (Council) approved City staff to assist the CoC with this endeavor.

On August 28, 2023, the NorCal CoC Executive Board (Executive Board) discussed the possibility of the City acting as an interim AE. On September 19, 2023, Council approved the City to act on an interim two- year basis, as the AE for the CoC. On February 29, 2024, a retroactive MOU between the City and the CoC was executed, laying the foundation for each party’s duties and responsibilities for the interim term of performance (September 19, 2023, through September 19, 2025).

The Executive Board approved and published a Request for Proposal (RFP) be to determine if any other entities wished to provide the AE duties to the CoC. The RFP was published on March 24, 2025, and was republished on May 19, 2025. They issued a letter to the Executive Board saying that the City would no longer serve as the interim AE effective December 31, 2025, or sooner should another AE be selected.

The Executive Board chose a new AE that would start September 19, 2025. The new AE is TEACH, Inc. All City held funds for Housing Homeless Assistance Program (HHAP) grant are being transitioned to the new AE through the contract process initiated with the State of California’s Housing and Community Development. As of June 30, 2025, the fund balance is $136,721 with a cash balance of $4,864,455.

Packet Pg. 619 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025)

REQUIRED SUPPLEMENTARY

INFORMATION (UNAUDITED)
Packet Pg. 620 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 146
This page intentionally left blank
Packet Pg. 621 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) City of Redding
Required Supplementary Information
Budgetary Information (Unaudited)
For the Year Ended June 30, 2025
147
Note 1 – Budgetary Principles
Budget Data
The operating budget of the City is adopted by the City Council prior to July 1 each year primarily on a cash basis.

The City Manager is authorized to transfer budget amounts between divisions of a department within any fund; however, any revisions that alter the total expenditures of any fund require City Council resolution.

Budget information is adopted and presented for the general, special revenue (except for the Landscape Maintenance Districts and Asset Seizure Fund), capital project and the debt service funds. The presentations represent original appropriations adjusted for supplemental appropriations, if any, made during the year.

The City does not formally adopt a budget for the debt service fund. The bond documents are the controlling factor.

Summary of Differences between Budgetary Basis and Generally Accepted Accounting Principles (GAAP) The following are the differences between the City’s budgetary basis and GAAP:

A. The City does not budget for the fair value adjustment required under GASB 31.

B. The City does not budget for accounts payable or intergovernmental payables.

C. The City does not budget for benefit accruals.

D. The City budgets for certain receivables and payables on a cash basis.

E. The City budgets for land to be held for resale as expenditure.

F. Encumbrances are not included in the Statement of Revenue, Expenditures and Changes in Fund Balance
Budgetary Basis Reconciliation
Budgets are not adopted for the Landscape Maintenance Districts Fund and the Asset Seizure Fund.

Packet Pg. 622 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Actual Variance With
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Property taxes $ 27,592,340 $ 29,184,340 $ 29,781,963 $ 597,623 Sales and use taxes 32,924,110 31,522,110 30,252,923 (1,269,187) Other taxes 12,899,000 11,779,000 11,181,037 (597,963)
Licenses and permits 2,535,100 2,535,100 2,533,183 (1,917) Intergovernmental revenues 4,185,360 7,183,698 3,696,224 (3,487,474) Charges for services 3,930,470 8,318,590 6,618,040 (1,700,550) Fines, forfeitures, and penalties 601,160 1,329,840 1,035,426 (294,414) Use of money and property 9,369,790 9,369,790 9,393,751 23,961 Net investment earnings (loss) 125,210 125,210 277,845 152,635 Other revenue 403,000 1,006,025 2,339,856 1,333,831
Total revenues 94,565,540 102,353,703 97,110,248 (5,243,455) EXPENDITURES:

Current:

General government:
832,540 840,020 505,872 334,148
1,255,230 1,262,570 1,010,497 252,073
4,681,090 4,400,040 4,100,647 299,393
838,450 844,020 680,455 163,565
1,975,860 1,988,930 1,941,980 46,950
Personnel 905,200 911,170 757,101 154,069
Purchasing 666,730 671,050 506,267 164,783
Public safety:

Police 48,346,380 52,367,250 49,896,726 2,470,524
Fire safety 30,596,180 36,012,440 33,330,330 2,682,110
Public works 21,658,170 22,001,680 13,623,482 8,378,198 Planning 7,126,470 7,243,920 7,191,321 52,599
Recreation and culture 9,561,620 10,717,600 9,078,743 1,638,857 Debt service:

Principal payments 1,287,660 1,456,310 1,456,305 5
Interest and fiscal charges 725,700 788,520 788,522 (2) Total expenditures 130,457,280 141,505,520 124,868,248 16,637,272 REVENUES OVER (UNDER) EXPENDITURES (35,891,740) (39,151,817) (27,758,000) 11,393,817 OTHER FINANCING SOURCES (USES):

Transfers in 17,215,030 17,869,690 14,200,187 (3,669,503) Transfers out (3,534,050) (3,523,410) (1,535,187) 1,988,223 Total other financing sources (uses) 13,680,980 14,346,280 12,665,000 (1,681,280) CHANGE IN FUND BALANCE (22,210,760) (24,805,537) (15,093,000) 9,712,537 BUDGETARY FUND BALANCES:

Beginning of year 23,547,123 23,547,123 23,547,123 -
End of year $ 1,336,363 $ (1,258,414) $ 8,454,123 $ 9,712,537 (Continued)
City of Redding
Schedule of Revenues, Expenditures, and Changes in Fund Balances-Budget and Actual (Unaudited) General Fund
For the Year Ended June 30, 2025
Finance
City Treasurer
Budgeted Amounts
City Attorney
City Clerk
City Manager
148 Packet Pg. 623 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) $ 16,891,683

1. The City budgets for taxes on a cash basis. (352,250)

2. The City budgets for grants on a cash basis. (4,054,737)

3. Timing difference due to GASB #33. (72,280)

4. The City does not budget for accounts payable adjustments. 71,507

5. The City does not budget for benefit accruals. 232,260

6. Financial statement only adjustment for GASB #31. (468,677)

7. The City does not budget for interest, sale of property or rental income related to the rolling stock fund. The City budgets only for the transfers in and out of the rolling stock fund. (1,072,234)

8. The City does not budget for special assessments. (26,196)

9. The City Budgets for cash transfers to/from other funds as loans, but records the advances in advances receivable/payable on the balance sheet. (109,798)

10. Encumbrances are not included in the Statement of Revenues, Expenditures and Changes in Fund Balance. (3,486,224)

11. The City does not budget for interest on long-term advances 98,121

12. The City does not budget for developer's fees that are prepaid or accrued. 761,294

13. The City does not budget for interest on deposits held in trust. (33,406)

14. The City does not budget interest accrued at year-end (14,974)

15. The City does not budget for CalFire lease of Cypress property that make loan payment (116,994)

16. The City does not budget for interest expended on loan for CalPers UAL prepayment 207,028 Budgetary fund balance $ 8,454,123
(Concluded)
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 General Fund (Continued)
For the Year Ended June 30, 2025
Schedule of Revenues, Expenditures, and Changes in Fund Balances-Budget and Actual (Unaudited) City of Redding
149 Packet Pg. 624 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental $ 7,580,400 $ 17,102,220 $ 12,231,624 $ (4,870,596) Interest revenue 95,040 95,040 797,179 702,139
Use of money and property 628,900 628,900 648,305 19,405 Other revenues - - 61,000 61,000
Total revenues 8,304,340 17,826,160 13,738,108 (4,088,052) EXPENDITURES:

Current:

Community development 22,602,450 32,127,692 22,767,877 9,359,815 Total expenditures 22,602,450 32,127,692 22,767,877 9,359,815

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (14,298,110) (14,301,532) (9,029,769) 5,271,763 Net change in fund balance (14,298,110) (14,301,532) (9,029,769) 5,271,763 FUND BALANCE:

Beginning of year 69,941,770 69,941,770 69,941,770 -
End of year $ 55,643,660 $ 55,640,238 $ 60,912,001 $ 5,271,763 $ 76,739,906
125,493

2. The City does not budget for accounts payable and accrued liability adjustments. 120,829

3. The City budgets for and records loans made in the expenditure accounts, but adjusts the actual disbursement to loans receivable. (4,978,251)

4. The City budgets for and records loan payments received in the revenue accounts, but adjusts the actual payment to loans receivable. 648,305

5. The City budgets for grants on a cash basis. 4,107,573

6. The City budgets for interest income on notes receivable, trust fund assets, and rolling 56,863 stock on a cash basis

7. The City does not budget for benefit accrual on a cash basis. (541)

8. End of year encumbrances are included in actual expenditures budgetary basis, but are not included in the Statement of Revenues, Expenditures, and Fund Balance. (10,576,382)

9. The City does not budget for allowance for uncollectable loans (3,340)

10. The City does not budget for interest accruals. (17,782)

11. The City does not budget for unearned revenue. (5,375,611)

12. The City does not budget for interest on long-term advances 64,939 $ 60,912,001
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, 2025
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 150 Packet Pg. 625 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
151 Packet Pg. 626 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Measurement Period 2024 2023 2022
TOTAL PENSION LIABILITY:

Service Costs $ 10,201,770 $ 9,334,553 $ 8,538,665
Interest 37,774,933 35,983,188 34,337,125
Changes of Benefit Terms - 650,322 -
Difference Between Expected and Actual Experience 12,080,526 10,088,251 3,379,785 Changes of Assumptions - - 14,600,120
Benefit Payments, Including Refunds of Employee Contributions (32,798,340) (30,930,761) (29,381,884) Net Change in Total Pension Liability 27,258,889 25,125,553 31,473,811 Total Pension Liability - Beginning 546,680,572 521,555,019 490,081,208 Total Pension Liability - Ending (a) $ 573,939,461 $ 546,680,572 $ 521,555,019 PLAN FIDUCIARY NET POSITION:

Contributions - Employer $ 19,678,117 $ 18,430,558 $ 16,761,832 Contributions - Employee 5,432,301 4,567,962 3,941,926
Net Investment Income 34,197,248 21,207,883 (28,706,945) Benefit Payments, Including Refunds of Employee Contributions (32,798,340) (30,930,761) (29,381,884) Plan to Plan Resource Movement - - -
Administrative Expense (289,721) (252,247) (237,123)
Other Miscellaneous Income/(Expense)1
- - -
Net Change in Fiduciary Net Position 26,219,605 13,023,395 (37,622,194) Plan Fiduciary Net Position - Beginning2
356,051,901 343,028,506 380,650,700
Plan Fiduciary Net Position - Ending (b) $ 382,271,506 $ 356,051,901 $ 343,028,506 Plan Net Pension Liability/(Asset) - Ending (a) - (b) $ 191,667,955 $ 190,628,671 $ 178,526,513 Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 66.60% 65.13% 65.77% Covered Payroll $ 58,395,934 $ 53,097,570 $ 48,405,131
Plan Net Pension Liability/(Asset) as a Percentage of Covered Payroll 359.02% 359.02% 368.82% Notes to Schedules of Changes in Net Pension Liability and Related Ratios:

City of Redding
Required Supplementary Information (Unaudited)
Schedules of Changes in Net Pension Liability and Related Ratios For the Year Ended June 30, 2025
1During Fiscal Year 2017-18, as a result of Governmental Accounting Standard Board Statement (GASB No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CalPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California's agent OPEB plan. Accordingly, CalPERS recorded a one-time expenses as a result of the adoption of GASB 75.

Additionally, CalPERS employees participate in various State of California agent pension plans and during Fiscal Year 2017-18, CalPERS recorded a correction to previously reported financial statements to properly reflect its proportionate share of activity related to pensions in accordance with GASB Statement No. 68, Accounting and Financial Reporting for Pensions (GASB 68). 2 Includes any beginning of year adjustment.

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.

California Public Employees' Retirement System ("CalPERS") - Miscellaneous Plan 152 Packet Pg. 627 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2021 2020 2019 2018 2017 2016 2015
$ 7,299,034 $ 7,095,018 $ 7,333,947 $ 7,260,646 $ 7,191,855 $ 6,259,646 $ 6,164,984 33,378,172 32,355,397 31,319,926 30,024,355 29,157,632 28,527,904 27,466,002 - - - - - - -
1,706,144 1,379,900 4,475,575 414,506 (3,221,954) (705,952) (551,120) - - - (2,598,628) 23,416,908 - (6,578,864)
(27,548,141) (26,359,866) (24,504,515) (22,850,231) (21,305,301) (19,821,373) (18,361,188) 14,835,209 14,470,449 18,624,933 12,250,648 78,596,709 14,260,225 8,139,814 475,245,999 460,775,550 442,150,617 429,899,969 394,660,829 380,400,604 372,260,790 $ 490,081,208 $ 475,245,999 $ 460,775,550 $ 442,150,617 $ 473,257,538 $ 394,660,829 $ 380,400,604 $ 15,066,353 $ 13,743,592 $ 12,199,094 $ 10,902,871 $ 10,045,335 $ 8,742,083 $ 7,771,417 3,711,059 3,533,531 3,132,551 3,149,996 3,177,532 2,849,237 2,892,519 71,581,234 15,455,298 19,732,888 24,307,041 29,710,153 1,432,535 6,167,183 (27,548,141) (26,359,866) (24,504,515) (22,850,231) (21,305,301) (19,821,373) (18,361,188) - - - (702) (145) (1,256) 20,221
(317,820) (440,162) (215,428) (448,271) (393,376) (166,624) (307,951) - - 702 (851,273) - - -
62,492,685 5,932,393 10,345,292 14,209,431 21,234,198 (6,965,398) (1,817,799)# 318,158,015 312,225,622 301,880,330 287,670,899 266,436,701 273,402,099 275,219,898 $ 380,650,700 $ 318,158,015 $ 312,225,622 $ 301,880,330 $ 287,670,899 $ 296,204,582 $ 303,236,784 $ 109,430,508 $ 157,087,984 $ 148,549,928 $ 140,270,287 $ 185,586,639 $ 98,456,247 $ 77,163,820

77.67% 66.95% 67.76% 68.28% 66.92% 67.51% 71.87%
$ 44,861,920 $ 42,974,064 $ 43,942,160 $ 43,633,688 $ 42,409,809 $ 41,323,256 $ 40,294,018 243.93% 365.54% 338.06% 321.47% 335.37% 310.30% 265.54% For the Year Ended June 30, 2025
Schedules of Changes in Net Pension Liability and Related Ratios Required Supplementary Information (Unaudited)
City of Redding
California Public Employees' Retirement System ("CalPERS") - Miscellaneous Plan 153 Packet Pg. 628 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2025 2024 2023
Actuarially Determined Contribution 2
$ 22,652,395 $ 19,678,117 $ 18,430,558
Contributions in Relations to the Actuarially Determined Contribution 2
(22,652,395) (19,678,117) (18,430,558)
Contribution Deficiency (Excess) $ - $ - $ -
Covered Payroll 3
$ 69,351,797 $ 58,395,934 $ 53,097,570
Contributions as a Percentage of Covered-Employee Payroll 3 32.66% 33.70% 34.71% 1 As prescribed in GASB 68, paragraph 46, the information presented in the Schedule of Plan Contributions should also be determined as of the employer's most recent fiscal year-end. The employer is responsible for determining this information as prescribed by the standard as this data is not available to CalPERS.
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.

Notes to Schedule of Plan Contributions:

The Required Supplementary Information for Schedule of Plan Contributions is intended to show information for ten years; as additional years' information becomes available it will be displayed accordingly.

California Public Employees' Retirement System ("CalPERS") - Miscellaneous Plan 3 Includes one year's payroll growth using 2.75 percent payroll assumption for fiscal year ended June 30, 2018; 3.00 percent payroll assumption for fiscal years ended June 30, 2014-17.

City of Redding
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions
For the Year Ended June 30, 2025
154 Packet Pg. 629 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2022 2021 2020 2019 2018 2017 2016
$ 16,761,832 $ 15,066,353 $ 13,743,592 $ 12,199,094 $ 10,902,871 $ 10,045,335 $ 8,742,083 (16,761,832) (15,066,353) (13,743,592) (12,199,094) (10,902,871) (10,045,335) (8,742,083) $ - $ - $ - $ - $ - $ - $ -
$ 48,405,131 $ 44,861,920 $ 42,974,064 $ 43,942,160 $ 43,633,688 $ 42,409,809 $ 41,323,256

34.63% 33.58% 31.98% 27.76% 24.99% 23.69% 21.16%
California Public Employees' Retirement System ("CalPERS") - Miscellaneous Plan City of Redding
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions
For the Year Ended June 30, 2025
155 Packet Pg. 630 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Measurement Period 2024 2023 2022
TOTAL PENSION LIABILITY:

Service Costs $ 7,994,626 $ 7,540,245 $ 6,602,064
Interest 27,305,076 26,093,991 24,351,275
Changes of Benefit Terms - 155,404 -
Difference Between Expected and Actual Experience 4,089,103 12,924,945 (1,991,350) Changes of Assumptions - - 13,153,936
Benefit Payments, Including Refunds of Employee Contributions (20,951,260) (19,845,923) (18,646,091) Net Change in Total Pension Liability 18,437,545 26,868,662 23,469,834 Total Pension Liability - Beginning 398,114,943 371,246,281 347,776,447 Total Pension Liability - Ending (a) $ 416,552,488 $ 398,114,943 $ 371,246,281 PLAN FIDUCIARY NET POSITION:

Contributions - Employer $ 15,375,993 $ 13,986,612 $ 12,961,721 Contributions - Employee 4,249,597 3,512,078 2,979,070
Net Investment Income 23,477,661 14,329,857 (19,281,616) Benefit Payments, Including Refunds of Employee Contributions (20,951,260) (19,845,923) (18,646,091) Plan to Plan Resource Movement - - -
Administrative Expense (197,552) (169,843) (157,674)
Other Miscellaneous Income/(Expense)1
- - -
Net Change in Fiduciary Net Position 21,954,439 11,812,781 (22,144,590) Plan Fiduciary Net Position - Beginning2
242,780,884 230,968,103 253,112,693
Plan Fiduciary Net Position - Ending (b) $ 264,735,323 $ 242,780,884 $ 230,968,103 Plan Net Pension Liability/(Asset) - Ending (a) - (b) $ 151,817,165 $ 155,334,059 $ 140,278,178 Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 63.55% 60.98% 62.21% Covered Payroll $ 24,720,550 $ 22,863,083 $ 19,695,894
Plan Net Pension Liability/(Asset) as a Percentage of Covered Payroll 614.13% 679.41% 712.22% Notes to Schedules of Changes in Net Pension Liability and Related Ratios:

California Public Employees' Retirement System ("CalPERS") - Safety Plan City of Redding
Required Supplementary Information (Unaudited)
Schedules of Changes in Net Pension Liability and Related Ratios 1During Fiscal Year 2017-18, as a result of Governmental Accounting Standard Board Statement (GASB No. 75, Accounting and Financial Reporting for Postemployment Benefit Plans Other than Pensions (GASB 75), CalPERS reported its proportionate share of activity related to postemployment benefits for participation in the State of California's agent OPEB plan. Accordingly, CalPERS recorded a one-time expenses as a result of the adoption of GASB 75.

For the Year Ended June 30, 2025
156 Packet Pg. 631 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2021 2020 2019 2018 2017 2016 2015
$ 5,835,290 $ 5,609,745 $ 5,654,637 $ 5,621,256 $ 5,567,053 $ 1,258,688 $ 4,702,492 23,600,338 22,885,014 22,052,183 21,033,750 20,189,512 19,492,841 18,712,421 - - - - - - -
(1,394,330) 198,438 2,573,209 1,287,937 (1,169,833) (610,852) (1,889,558) - - - (1,265,088) 17,369,797 - (4,730,135)
(17,632,371) (16,785,010) (15,684,647) (14,317,530) (13,680,425) (13,015,636) (12,355,104) 10,408,927 11,908,187 14,595,382 12,360,325 28,276,104 7,125,041 4,440,116 337,367,520 325,459,333 310,863,951 298,503,626 270,227,522 259,492,927 255,052,811 $ 347,776,447 $ 337,367,520 $ 325,459,333 $ 310,863,951 $ 78,596,709 $ 266,617,968 $ 259,492,927 $ 12,015,895 $ 10,962,279 $ 9,775,655 $ 9,016,294 $ 8,645,061 $ 7,839,435 $ 7,466,754 2,413,060 2,206,742 1,983,768 2,086,601 1,955,068 1,620,695 1,570,703 47,488,980 10,081,863 12,784,582 15,509,897 18,500,188 828,855 3,715,343 (17,632,371) (16,785,010) (15,684,647) (14,317,530) (13,680,425) (13,015,636) (12,355,104) - - - (452) - 1,256 193,399
(208,814) (285,977) (138,539) (284,643) (247,291) (103,802) (191,504) - - 452 (540,541) - - -
44,076,750 6,179,897 8,721,271 11,469,626 15,172,601 (2,829,197) 399,591 209,035,943 202,856,046 194,134,775 182,665,149 167,492,548 170,321,745 169,922,154 $ 253,112,693 $ 209,035,943 $ 202,856,046 $ 194,134,775 $ 182,665,149 $ 167,492,548 $ 170,321,745 $ 94,663,754 $ 128,331,577 $ 122,603,287 $ 116,729,176 $ (104,068,440) $ 99,125,420 $ 89,171,182

72.78% 61.96% 62.33% 62.45% 61.19% 61.98% 65.64%
$ 19,213,993 $ 18,386,577 $ 18,244,296 $ 18,109,134 $ 17,705,784 $ 29,767,881 $ 29,834,685 492.68% 697.96% 672.01% 644.59% 654.24% 593.38% 537.11% California Public Employees' Retirement System ("CalPERS") - Safety Plan For the Year Ended June 30, 2025
City of Redding
Required Supplementary Information (Unaudited)
Schedules of Changes in Net Pension Liability and Related Ratios 157 Packet Pg. 632 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2025 2024 2023
Actuarially Determined Contribution 2
$ 17,196,134 $ 15,375,993 $ 13,986,612
Contributions in Relations to the Actuarially Determined Contribution 2
(17,196,134) (15,375,993) (13,986,612)
Contribution Deficiency (Excess) $ - $ - $ -
Covered Payroll 3
$ 28,043,091 $ 24,720,550 $ 22,863,083
Contributions as a Percentage of Covered Payroll 3 61.32% 62.20% 61.18% 1 As prescribed in GASB 68, paragraph 46, the information presented in the Schedule of Plan Contributions should also be determined as of the employer's most recent fiscal year-end. The employer is responsible for determining this information as prescribed by the standard as this data is not available to CalPERS.
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.

Notes to Schedule of Plan Contributions:

City of Redding
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions
California Public Employees' Retirement System ("CalPERS") - Safety Plan For the Year Ended June 30, 2025
The Required Supplementary Information for Schedule of Plan Contributions is intended to show information for ten years; as additional years' information becomes available it will be displayed accordingly. 3 Includes one year's payroll growth using 2.75 percent payroll assumption for fiscal year ended June 30, 2018; 3.00 percent payroll assumption for fiscal years ended June 30, 2014-17.
158 Packet Pg. 633 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2022 2021 2020 2019 2018 2017 2016
$ 12,961,721 $ 12,015,895 $ 10,962,279 $ 9,775,655 $ 9,016,294 $ 8,645,061 $ 7,839,435 (12,961,721) (12,015,895) (10,962,279) (9,775,655) (9,016,294) (8,645,061) (7,839,435) $ - $ - $ - $ - $ - $ - $ -
$ 19,695,894 $ 19,213,993 $ 18,386,577 $ 18,244,296 $ 18,109,134 $ 17,705,784 $ 17,313,615

65.81% 62.54% 59.62% 53.58% 49.79% 48.83% 45.28%
California Public Employees' Retirement System ("CalPERS") - Safety Plan For the Year Ended June 30, 2025
City of Redding
Required Supplementary Information (Unaudited)
Schedule of Plan Contributions
159 Packet Pg. 634 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Measurement Period 2024 2023 2022
TOTAL PENSION LIABILITY:

Service Costs $ 818,815 $ 796,513 $ 960,178
Interest 6,455,732 6,374,156 6,218,106
Effect of economic/demographic gains or losses 2,863,897 2,650,226 - Changes of Assumptions - (1,731,147) -
Benefit Payments, Including Refunds of Employee Contributions (6,196,175) (5,864,634) (5,549,535) Net Change in Total Pension Liability $ 3,942,269 $ 1,306,035 $ 2,547,828 Total Pension Liability - Beginning 94,451,621 93,145,586 90,597,758 Total Pension Liability - Ending (a) $ 98,393,890 $ 94,451,621 $ 93,145,586 PLAN FIDUCIARY NET POSITION:

Contributions - Employer $ 16,143,046 $ 8,911,917 $ 9,061,771 Contributions - Employee 467,357 455,876 393,779
Net Investment Income 2 10,048,112 6,042,441 (9,274,876) Benefit Payments, Including Refunds of Employee Contributions (6,196,175) (5,864,634) (5,549,535) Administrative Expenses (239,522) (205,787) (213,951)
Net Change in Fiduciary Net Position 20,222,818 9,339,813 (5,582,812) Plan Fiduciary Net Position - Beginning 79,545,153 70,205,340 75,788,152 Plan Fiduciary Net Position - Ending (b) $ 99,767,971 $ 79,545,153 $ 70,205,340 Plan Net Pension Liability/(Asset) - Ending (a) - (b) $ (1,374,081) $ 14,906,468 $ 22,940,246 Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 101.40% 84.22% 75.37% Covered Payroll $ 19,650,436 $ 19,229,455 $ 19,143,035
Plan Net Pension Liability/(Asset) as a Percentage of Covered Payroll -6.99% 77.52% 119.84% 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.

City of Redding
Required Supplementary Information (Unaudited)
Schedules of Changes in Net Pension Liability and Related Ratios 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, 2025
Public Agency Retirement System - Miscellaneous Plan (PARS) 1 160 Packet Pg. 635 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2021 2020 2019 2018 2017 2016 2015
$ 934,480 $ 909,470 $ 1,122,061 $ 1,441,162 $ 1,258,688 $ 1,170,873 $ 1,478,671 6,099,199 5,933,422 5,794,604 5,468,051 5,387,397 5,162,353 4,941,220 535,027 - 2,071,932 - - 92,895 -
- - 456,118 - 3,255,582 - -
(5,178,122) (4,896,050) (4,551,652) (4,138,653) (3,689,765) (3,343,227) (2,990,408) $ 1,855,557 $ 2,481,869 $ 2,365,013 $ 5,298,610 $ 6,211,902 $ 3,082,894 $ 3,429,483 88,742,201 86,260,332 83,895,319 78,596,709 72,384,807 69,301,913 65,872,430 $ 90,597,758 $ 88,742,201 $ 86,260,332 $ 83,895,319 $ 78,596,709 $ 72,384,807 $ 69,301,913 $ 6,575,412 $ 6,888,868 $ 5,944,074 $ 6,648,630 $ 4,816,795 $ 5,020,997 $ 5,760,375 353,687 224,631 122,545 92,709 - - -
14,530,931 2,318,864 3,330,635 3,208,975 4,418,967 643,326 998,681 (5,178,122) (4,896,050) (4,551,652) (4,138,653) (3,689,765) (3,343,227) (2,990,408) (191,545) (324,596) (366,455) (338,499) (301,577) (269,745) (258,434) 16,090,363 4,211,717 4,479,147 5,473,162 5,244,420 2,051,351 3,510,214 59,697,789 55,486,072 51,006,925 45,533,763 40,289,343 38,237,992 34,727,778 $ 75,788,152 $ 59,697,789 $ 55,486,072 $ 51,006,925 $ 45,533,763 $ 40,289,343 $ 38,237,992 $ 14,809,606 $ 29,044,412 $ 30,774,260 $ 32,888,394 $ 33,062,946 $ 32,095,464 $ 31,063,921

83.65% 67.27% 64.32% 60.80% 57.93% 55.66% 55.18%
$ 20,161,261 $ 21,474,397 $ 23,687,133 $ 27,974,321 $ 29,767,881 $ 29,834,685 $ 34,838,650

73.46% 135.25% 129.92% 117.57% 111.07% 107.58% 89.17%
City of Redding
Required Supplementary Information (Unaudited)
Schedules of Changes in Net Pension Liability and Related Ratios Public Agency Retirement System - Miscellaneous Plan (PARS) For the Year Ended June 30, 2025
161 Packet Pg. 636 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2025 2024 2023
Actuarially Determined Contribution 2
$ 7,481,977 $ 17,077,760 $ 9,823,669
(7,481,977) (17,077,760) (9,823,669)
Contribution Deficiency (Excess) $ - $ - $ -
Covered Payroll 3
$ 17,615,602 $ 19,650,436 $ 19,229,455
Contributions as a Percentage of Covered Payroll 3 42.47% 86.91% 51.09% 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 calculated 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, amortization 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 Pension 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 2008.

Disability None assumed.

Contributions in Relations to the Actuarially Determined Contribution 2
Entry Age Normal

3.00%
Varies by Years of Service
City of Redding
Required Supplementary Information (Unaudited)
Schedules of Public Agency Retirement Services Retirement Enhancement Plan Contributions All Tiers Public Agency Retirement System - Miscellaneous Plan (PARS) All Tiers 1 For the Year Ended June 30, 2025
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%
162 Packet Pg. 637 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2022 2021 2020 2019 2018 2017 2016
$ 9,589,481 $ 7,158,333 $ 6,925,920 $ 5,917,528 $ 6,988,001 $ 4,816,795 $ 5,020,997 (9,589,481) (7,158,333) (6,888,868) (5,917,528) (6,988,001) 1,258,688 (5,020,997) $ - $ - $ 37,052 $ - $ 6,075,483 - $ $ -
$ 19,143,035 $ 20,161,261 $ 21,474,397 $ 23,687,133 $ 27,974,321 $ 29,767,881 $ 29,834,685

50.09% 35.51% 32.25% 24.98% 24.98% 16.18% 16.83%
City of Redding
Required Supplementary Information (Unaudited)
Schedules of Public Agency Retirement Services Retirement Enhancement Plan Contributions All Tiers For the Year Ended June 30, 2025
Public Agency Retirement System - Miscellaneous Plan (PARS) All Tiers 163 Packet Pg. 638 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Measurement Period 2024 2023
TOTAL OPEB LIABILITY:

Service Costs $ 4,277,362 $ 2,842,623
Interest 2,962,644 1,874,402
Difference Between Expected and Actual Experience 19,953,859 - Changes of Assumptions (1,775,934) 5,780,385
Benefit Payments, Including Refunds of Employee Contributions (4,312,188) (3,021,637) Net Change in Total OPEB Liability $ 1,151,884 $ 27,429,632 Total OPEB Liability - Beginning 79,047,029 51,617,397
Total OPEB Liability - Ending (a) $ 80,198,913 $ 79,047,029 PLAN FIDUCIARY NET POSITION:

Contributions - Employer $ 4,312,188 $ 3,021,637
Net Investment Income 2,873 1,846
Benefit Payments, Including Refunds of Employee Contributions (4,312,188) (3,021,637) Administrative Expenses (139) (133)
Net Change in Fiduciary Net Position 2,734 1,713
Plan Fiduciary Net Position - Beginning 54,218 52,505
Plan Fiduciary Net Position - Ending (b) $ 56,952 $ 54,218 Plan Net OPEB Liability/(Asset) - Ending (a) - (b) $ 80,141,961 $ 78,992,811 Plan Fiduciary Net Position as a Percentage of the Total OPEB Liability 0.07% 0.07% Covered-Employee Payroll $ 87,775,715 $ 77,182,339
Plan Net OPEB Liability/(Asset) as a Percentage of Covered-Employee Payroll 91.30% 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, 2025
164 Packet Pg. 639 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 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, 2025
165 Packet Pg. 640 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2025 2024
Actuarially Determined Contribution 2
$ 4,633,702 $ 4,312,188
Contribution 2
(4,633,702) (4,312,188)
Contribution Deficiency (Excess) $ - $ -
Covered-employee Payroll $ 96,206,299 $ 87,775,715
Contributions as a Percentage of Covered-employee Payroll 4.82% 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, 2025
166 Packet Pg. 641 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 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 $ 63,075,673 $ 58,084,647 $ 57,452,344 $ 58,314,156 $ 58,084,647

3.91% 6.66% 5.78% 6.46% 6.00% 5.99% 5.99%
City of Redding
Required Supplementary Information (Unaudited)
Schedule of Contributions-OPEB
For the Year Ended June 30, 2025
167 Packet Pg. 642 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
168 Packet Pg. 643 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025)

SUPPLEMENTARY

INFORMATION
Packet Pg. 644 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
170 Packet Pg. 645 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 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 maintenance of 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 improve coordination and integration with mainstream resources 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
171 Packet Pg. 646 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Continuum General
Street of Special
Parking Maintenance Housing Care Revenue
ASSETS
Cash and investments $ 12,058,238 5,150 $ $ 4,007,340 $ 4,864,455 $ - Interest receivable, unrestricted 21,919 - 2,870,860 23,699 - Accounts receivable, net - 32,088 - 16,533 -
Intergovernmental receivable 2,144,643 - 3,249 41,956 - Other receivable 42,492 3,362 - - -
Restricted cash and investments - 99,070 - - -
Prepaid items 47,752 - - - -
Special assessments receivable - - - - -
Notes receivable - 15,001,225 - - -
Total assets $ 95,394 $ 14,224,800 $ 22,017,194 $ 4,946,643 $ -

LIABILITIES
Accounts payable $ 3,161 $ 7,351 - $ $ 7,707 $ -
Accrued liabilities 13,918 36,175 - 3,176 -
Intergovernmental payable - 1,648 - 515,774 -
Accounts payable from restricted assets - 37,819 - - -
Unearned revenue - 2,586,033 - 4,241,309 -
Deposits - 99,070 - - -
Advances from other funds 641,024 - - - -
Total liabilities 658,103 2,768,096 - 4,767,966 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 17,734 2,946,103 - 41,956 -
Total deferred inflows of resources: 17,734 2,946,103 - 41,956 -

FUND BALANCES
Nonspendable 47,752 - - - -
Restricted 14,224,800 - 16,302,995 136,721 -
Unassigned (deficit) (628,195) - - - -
Total fund balances (580,443) 14,224,800 16,302,995 136,721 - Total liabilities, deferred inflows of
resources and fund balances $ 95,394 $ 14,224,800 $ 22,017,194 $ 4,946,643 $ - (Continued)
Special Revenue
City of Redding
Combining Balance Sheet
Non-Major Governmental Funds
June 30, 2025
172 Packet Pg. 647 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Special Revenue Debt Service
1915 Act Total
Landscape Assessment Non-Major
Maintenance Asset District Governmental
Districts Library Seizure Bonds Funds
ASSETS
Cash and investments $ 1,369,970 $ 2,880,599 $ 184,560 $ 14,852 $ 25,385,164 Interest receivable, unrestricted 6,674 14,034 899 2,938,158 73 Accounts receivable, net - - - 48,621 -
Intergovernmental receivable - - - 2,189,848 -
Other receivable - - - 45,854 -
Restricted cash and investments - - - 99,070 -
Prepaid items - - - 47,752 -
Special assessments receivable 24,942 - 299,777 - 324,719 Notes receivable - - - 15,001,225 -

Total assets $ 1,401,586 $ 2,894,633 $ 185,459 $ 314,702 $ 46,080,411

LIABILITIES
Accounts payable $ 5,047 $ 240,403 $ - $ 263,669 - $
Accrued liabilities 5,259 1,505 - 60,033 -
Intergovernmental payable 1,454 377 - 519,253 -
Accounts payable from restricted assets - - - 37,819 -
Unearned revenue 1,234,316 - - 8,061,658 -
Deposits - - - 99,070 -
Advances from other funds - - - 641,024 -
Total liabilities 11,760 1,476,601 - 9,682,526 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 13,863 - 299,777 - 3,319,433
Total deferred inflows of resources: 13,863 - 299,777 - 3,319,433

FUND BALANCES
Nonspendable - - - 47,752 -
Restricted 1,375,963 1,418,032 185,459 14,925 33,658,895 Unassigned (deficit) - - - (628,195) -
Total fund balances 1,375,963 1,418,032 185,459 14,925 33,078,452 Total liabilities, deferred inflows of
resources and fund balances $ 1,401,586 $ 2,894,633 $ 185,459 $ 314,702 $ 46,080,411 (Concluded)
City of Redding
Combining Balance Sheet (Continued)
Non-Major Governmental Funds
June 30, 2025
173 Packet Pg. 648 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Continuum General
Street of Special
Parking Maintenance Housing Care Revenue
REVENUES:

Sales tax revenue $ - $ - $ - $ 272,517 - $
Special assessments - - - - -
Licenses, fees and permits 225,344 - - - -
Intergovernmental revenues 10,851,234 - 16,325,482 3,646,746 - Charges for services - 21,006 - - -
Fines, forfeitures and penalties 69,315 - - - -
Use of money and property - - 855 - -
Net investment earnings (loss) (3,089) 114,516 200,799 232,171 - Other revenues 7,679 - 4,024 - -
Total revenues 299,249 10,965,750 16,552,166 3,878,917 272,517 EXPENDITURES:

Current:

Community development - 16,601,336 - 3,695,821 -
Public safety - - - - -
Public works 357,195 - - - -
Recreation and culture - - - - -
Capital outlay - 91,369 - - -
Debt service:

Principal retirement 138,451 - - - -
Interest and fiscal charges 26,551 - - - -
Total expenditures 522,197 16,692,705 - 3,695,821 -

REVENUE OVER
(UNDER) EXPENDITURE (222,948) 10,965,750 (140,539) 183,096 272,517

OTHER FINANCING
SOURCES (USES):

Transfers in - - - - -
Transfers out (8,028,427) - - (272,517) -
Total other financing
sources (uses) (8,028,427) - - (272,517) -
Net change in fund balances (222,948) 2,937,323 (140,539) 183,096 - FUND BALANCES:

Beginning of year (357,495) 11,287,477 16,443,534 (46,375) - End of year $ (580,443) $ 14,224,800 $ 16,302,995 $ 136,721 $ - (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, 2025
174 Packet Pg. 649 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 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 1,065,699 - - 1,065,699 -
Licenses, fees and permits - - - 225,344 -
Intergovernmental revenues 478,738 - - 31,302,200 -
Charges for services 1,677,428 - - 1,698,434 -
Fines, forfeitures and penalties 30,115 - - 99,430 -
Use of money and property - - - - 855
Net investment earnings (loss) 50,595 105,002 6,670 16,751 723,415 Other revenues 4,564 - 103,096 119,363 -
Total revenues 1,116,294 2,295,847 109,766 16,751 35,507,257 EXPENDITURES:

Current:

Community development - - - 20,297,157 -
Public safety - 31,157 - 31,157 -
Public works 1,012,594 - - 1,369,789 -
Recreation and culture 2,844,819 - - 2,844,819 -
Capital outlay 250,853 - - 342,222 -
Debt service:

Principal retirement - - - 138,451 -
Interest and fiscal charges - - - 26,551 -
Total expenditures 1,012,594 3,095,672 31,157 25,050,146 -

REVENUE OVER
(UNDER) EXPENDITURE 103,700 (799,825) 78,609 16,751 10,457,111

OTHER FINANCING
SOURCES (USES):

Transfers in 1,024,062 - - 1,024,062 -
Transfers out - - (320,000) - (8,620,944)
Total other financing
sources (uses) 1,024,062 - (320,000) - (7,596,882)
Net change in fund balances 103,700 224,237 78,609 (303,249) 2,860,229 FUND BALANCES:

Beginning of year 1,272,263 1,193,795 106,850 318,174 30,218,223 End of year $ 1,375,963 $ 1,418,032 $ 185,459 $ 14,925 $ 33,078,452 (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, 2025
175 Packet Pg. 650 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Licenses and permits $ 450,300 $ 450,300 $ 225,344 $ (224,956) Fines, forfeitures and penalties 78,800 78,800 61,636 (17,164) Interest revenue 600 600 (2,859) (3,459)
Other revenue - 580 7,679 7,099
Total revenues 529,700 530,280 291,800 (238,480)
EXPENDITURES:

Current:

Public works 346,420 335,290 335,287 3
Debt Service:

Principal payments 126,260 138,450 138,451 (1)
Interest and fiscal charges 26,360 26,550 26,552 (2)
Total expenditures 499,040 500,290 500,290 -

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 30,660 29,990 (208,490) (238,480)
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 20,660 19,990 (208,490) (228,480) FUND BALANCE:

Beginning of year (357,495) (357,495) (357,495) -
End of year $ (336,835) $ (337,505) $ (565,985) $ (228,480) $ (580,443)
253
(7,679)

3. The City budgets for interest on a cash basis (23)

4. The City does not budget for accounts payable adustments. 2,707

5. The City does not budget for prepaid items financed by long term debt. 19,200 Budgetary fund balance $ (565,985)
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, 2025
Budgeted Amounts

1. The City does not budget for GASB 31 FMV adjustments.

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.
176 Packet Pg. 651 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental revenue $ 10,945,000 $ 10,945,000 $ 12,586,650 $ 1,641,650 Interest revenues 50,000 50,000 112,112 62,112
Total revenues 10,995,000 10,995,000 12,698,762 1,703,762

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES 10,995,000 10,995,000 12,698,762 1,703,762 OTHER FINANCING SOURCES (USES):

Transfers out (10,573,480) (10,573,480) (8,028,426) 2,545,054 Total other financing sources (uses) (10,573,480) (10,573,480) (8,028,426) 2,545,054 Net change in fund balance 421,520 421,520 4,670,336 4,248,816 FUND BALANCE:

Beginning of year 11,287,477 11,287,477 11,287,477 -
End of year $ 11,708,997 $ 11,708,997 $ 15,957,813 $ 4,248,816 $ 14,224,800
4,577

2. The City budgets for grants and taxes on a cash basis 1,735,416

3. The City does not budget for revenue accruals. (6,980) $ 15,957,813
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, 2025
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 177 Packet Pg. 652 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental revenue $ 14,493,420 $ 14,493,420 $ 16,611,882 $ 2,118,462 Charges for services 21,012 21,012 21,006 (6)
Use of money and property - - 137,694 137,694
Interest 900 900 272,100 271,200
Other revenues - - 6,670 6,670
Total revenues 14,515,332 14,515,332 17,049,352 2,534,020 EXPENDITURES:

Current:

Community development 14,989,010 17,209,220 16,883,178 326,042 Total expenditures 14,989,010 17,209,220 16,883,178 326,042

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (473,678) (2,693,888) 166,174 2,860,062 Net change in fund balance (473,678) (2,693,888) 166,174 2,860,062 FUND BALANCE:

Beginning of year 16,443,534 16,443,534 16,443,534 -
End of year $ 15,969,856 $ 13,749,646 $ 16,609,708 $ 2,860,062 $ 16,302,995
71,844

2. The City budgets for and records loans made in the expenditure accounts, but adjusts the actual disbursement to loans receivable. (101,989)

3. The City budgets for grants on a cash basis. 289,046

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. 136,839

6. The City does not budget for unearned revenue. (543) $ 16,609,708
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, 2025
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 178 Packet Pg. 653 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental revenue $ 39,260 $ 3,998,500 $ 2,243,888 $ (1,754,612) Interest 303,012 303,012
Total revenues 39,260 3,998,500 2,546,900 (1,451,600)
EXPENDITURES:

Current:

Community development 6,597,930 10,557,170 3,688,480 6,868,690 Total expenditures 6,597,930 10,557,170 3,688,480 6,868,690

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (6,558,670) (6,558,670) (1,141,580) 5,417,090 Net change in fund balance (6,558,670) (6,558,670) (1,141,580) 5,417,090 FUND BALANCE:

Beginning of year (46,375) (46,375) (46,375) -
End of year $ (6,605,045) $ (6,605,045) $ (1,187,955) $ 5,417,090 $ 136,721
77,405

2. The City budgets for and records loans made in the expenditure accounts, but adjusts the actual disbursement to loans receivable. 7,341

3. The City budgets for grants on a cash basis. (1,402,858)

4. The City does not budget for interest accruals. (6,564) $ (1,187,955)
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, 2025
Budgeted Amounts
179 Packet Pg. 654 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Sales tax $ 272,520 $ 272,520 $ 272,517 $ (3)
Total revenues 272,520 272,520 272,517 (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 $ - $ - $ - $ -
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, 2025
180 Packet Pg. 655 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental $ 139,326 $ 139,327 $ 1
Charges for services 1,715,270 1,715,270 1,677,428 (37,842) Fines, forfeitures and penalties 30,115 30,115
Interest revenue 3,000 3,000 66,182 63,182
Other revenue 3,600 17,100 4,564 (12,536)
-
Total revenues 1,721,870 1,874,696 1,917,616 42,920
EXPENDITURES:

Current:

Recreation and culture 4,892,150 5,055,220 5,043,667 11,553 Total expenditures 4,892,150 5,055,220 5,043,667 11,553

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (3,170,280) (3,180,524) (3,126,051) 54,473 OTHER FINANCING SOURCES (USES):

Transfers in 1,024,060 1,024,060 1,024,062 2
Transfers out (50,000) (50,000) (50,000) -
Total other financing sources (uses) 974,060 974,060 974,062 2 Net change in fund balance (2,196,220) (2,206,464) (2,151,989) 54,475 FUND BALANCE:

Beginning of year 1,193,795 1,193,795 1,193,795 -
End of year $ (1,002,425) $ (1,012,669) $ (958,194) $ 54,475 $ 1,418,032
(33,651)

2. The City does not budget for accounts payable adjustments. (243,026)

3. The City budgets for grants on a cash basis. (339,411)

4. The City does not budget for interest income, sale of property or rental income related to the equipment replacement fund. The City budgets only for the transfers in and out of the equipment replacement fund. (50,000)

5. The City budgets for interest on a cash basis. (5,170)

6. End of year encumbrances are included in actual expenditures budgetary basis, but are not included in the Statement of Revenues, Expenditures, and Fund Balance. (1,704,968) $ (958,194)
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, 2025
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 181 Packet Pg. 656 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Actual Variance with
Amounts Final Budget
Budgetary Positive
Original Final Basis (Negative)
REVENUES:

Intergovernmental revenue $ 67,678,405 $ 78,259,555 $ 13,756,639 $ (64,502,916) Fines, forfeitures and penalties - 117,130 127,126 9,996 Use of money and property - - 12,536 12,536
Investment revenue 14,680 14,680 438,044 423,364
Other 1,567,180 2,548,130 5,064,226 2,516,096
Total revenues 69,260,265 80,939,495 19,398,571 (61,540,924) EXPENDITURES:

Current:

General government 9,840 9,840 9,840 -
Public works 61,500,660 67,990,890 26,416,274 41,574,616 Recreation and culture 30,593,530 39,898,260 4,569,198 35,329,062 Debt service:

Principal retirement 315,000 315,000 315,000 -
Interest and fiscal charges 427,390 427,390 425,037 2,353 Total expenditures 92,846,420 108,641,380 31,735,349 76,906,031

EXCESS (DEFICIENCY) OF REVENUES OVER
(UNDER) EXPENDITURES (23,586,155) (27,701,885) (12,336,778) 15,365,107 Net change in fund balance (23,586,155) (27,701,885) (12,336,778) 15,365,107 FUND BALANCE:

Beginning of year 9,097,344 9,097,344 9,097,344 -
End of year $ (14,488,811) $ (18,604,541) $ (3,239,434) $ 15,365,107 $ 14,917,671
82,262
(17,369,098)
(57,072)
(57,382)

5. The City did not budget for revenue from the Agency Fund. (755,815) $ (3,239,434)
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, 2025
Budgetary fund balance

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

4. 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. 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 182 Packet Pg. 657 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Enterprise funds account for operations that are financed and operated in a 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 storm drainage 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. 658 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Storm Redding
Drainage Area Bus Convention
Airport Utility Authority Center Total
ASSETS
Current assets:

Cash and investments $ 4,220,318 - $ $ 4,642,240 $ 889,661 $ 9,752,219 Accounts receivable, net 218,367 54,671 27 7,500 280,565 Lease receivable 523,338 - 19,367 91,598 634,303
Interest receivable - 37,085 1,692 4,334 43,111
Intergovernmental receivable 498,039 256 2,928,425 - 3,426,720 Prepaid items 29,223 15,756 - 1,495 46,474
Inventories - 30,192 129,803 - 159,995
Total current assets 1,268,967 4,358,278 7,721,554 994,588 14,343,387 Non-current assets:

Restricted assets:

Cash and investments - 3,393,999 - - 3,393,999
Total restricted assets - 3,393,999 - - 3,393,999
Capital assets:

Land 6,242,894 909,184 2,622,238 188,430 9,962,746
Construction in progress 7,768,290 2,346,769 709,589 - 10,824,648 Depreciable capital assets, net 23,764,177 17,088,217 6,610,307 552,527 48,015,228 Total capital assets 37,775,361 20,344,170 9,942,134 740,957 68,802,622 Other assets:

Lease receivable, net current 7,756,291 - 42,633 584,014 8,382,938 Total other assets 7,756,291 - 42,633 584,014 8,382,938 Total non-current assets 45,531,652 23,738,169 9,984,767 1,324,971 80,579,559 Total assets 46,800,619 28,096,447 17,706,321 2,319,559 94,922,946

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to other post
employment benefits 296,749 165,010 - - 461,759
Deferred outflows related to pensions 576,046 387,603 - - 963,649 Total deferred outflows of resources 872,795 552,613 - - 1,425,408 (Continued)
City of Redding
Combining Statement of Net Position
Nonmajor Enterprise Funds
June 30, 2025
184 Packet Pg. 659 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Storm Redding
Drainage Area Bus Convention
Airport Utility Authority Center Total

LIABILITIES
Current liabilities:

Accounts payable 184,252 167,532 3,536,998 86,858 3,975,640 Accrued liabilities 38,315 28,733 17,383 - 84,431
Accrued interest payable 1,632 - - - 1,632
Intergovernmental payables 467 3,215 1,088,422 - 1,092,104 Due to other funds 194,884 - 386,002 - 580,886
Interfund payables 25,000 - - 9,000 34,000
Unearned revenue 51,486 339,578 1,216,742 - 1,607,806
Deposits payable 93,039 - 1,500 - 94,539
Compensated absences, due within one year 29,258 50,594 - - 79,852 Long-term debt, due within one year - 11,791 - - 11,791 State loan, due within one year 33,339 - - - 33,339
Aggregate net OPEB liability 40,574 9,800 - - 50,374
Total current liabilities 692,246 611,243 6,247,047 95,858 7,646,394 Long-term liabilities:

Compensated absences, due in more than one year 41,896 87,469 - - 129,365 Advances from other funds 1,474,384 - - 1,490,943 2,965,327 Long-term debt, due in more than one year - 13,265 - - 13,265 State loan, due in more than one year 237,776 - - - 237,776 Aggregate net OPEB liability 661,169 380,409 - - 1,041,578 Aggregate net pension liability 2,448,529 1,311,889 - - 3,760,418 Total long-term liabilities 4,863,754 1,793,032 - 1,490,943 8,147,729 Total liabilities 5,556,000 2,404,275 6,247,047 1,586,801 15,794,123

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to other post
employment benefits 40,300 22,410 - - 62,710
Deferred inflows related to pensions 4 774 - - 778
Deferred inflows related to leases 8,279,629 - 62,000 675,612 9,017,241 Total deferred inflows of resources 8,319,933 23,184 62,000 675,612 9,080,729

NET POSITION
Net investment in capital assets 37,454,824 20,319,114 9,942,134 740,957 68,457,029 Restricted for capital projects - 3,393,999 - - 3,393,999 Unrestricted (deficit) (3,657,343) 2,508,488 1,455,140 (683,811) (377,526) Total net position $ 33,797,481 $ 26,221,601 $ 11,397,274 $ 57,146 $ 71,473,502 (Concluded)
Combining Statement of Net Position (Continued)
Nonmajor Enterprise Funds
June 30, 2025
City of Redding
185 Packet Pg. 660 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
186 Packet Pg. 661 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Storm Redding
Drainage Area Bus Convention
Airport Utility Authority Center Total
OPERATING REVENUES:

User fees and charges $ 1,008,439 $ 2,382,634 $ 1,068,925 $ 4,459,998 - $ Rental fees 1,393,806 - - 60,000 1,453,806
Other operating revenue 551,861 - - - 551,861
Total operating revenues 2,954,106 2,382,634 1,068,925 60,000 6,465,665 OPERATING EXPENSES:

Cost of power, water, and transportation - - 5,587,909 - 5,587,909 Maintenance, operations, and administration 3,970,765 1,989,007 3,501,051 1,114,346 10,575,169 Depreciation and amortization 1,847,207 1,281,608 1,411,324 71,983 4,612,122 Total operating expenses 5,817,972 3,270,615 10,500,284 1,186,329 20,775,200 Operating gain (loss) (2,863,866) (887,981) (9,431,359) (1,126,329) (14,309,535) NONOPERATING REVENUE (EXPENSES):

Net investment earnings (loss) (1,176) 290,701 23,201 36,368 349,094 Interest expense (12,317) (63) (2,293) - (14,673)
Intergovernmental revenues - 583,737 8,511,829 - 9,095,566 Gain (loss) on disposal of assets 428 16,127 986 - 17,541 Other non-operating revenues (expenses) 894,749 358,622 (315,557) - 937,814 Total nonoperating revenues (expenses) 881,684 1,249,124 8,218,166 36,368 10,385,342 Gain (loss) before operating
transfers and capital contributions (1,982,182) 361,143 (1,213,193) (1,089,961) (3,924,193) Capital contributions 368,130 1,688,327 831,901 - 2,888,358 Transfers in - - - 924,551 924,551
Transfers out (250,000) - - - (250,000)
Change in net position (1,864,052) 2,049,470 (381,292) (165,410) (361,284) NET POSITION:

Beginning of year 35,661,533 24,172,131 11,778,566 222,556 71,834,786 End of year $ 33,797,481 $ 26,221,601 $ 11,397,274 $ 57,146 $ 71,473,502 City of Redding
Statement of Revenues, Expenses, and Changes in Net Position Nonmajor Enterprise Funds
For the Year Ended June 30, 2025
187 Packet Pg. 662 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Storm Redding
Drainage Area Bus Convention
Airport Utility Authority Center Total
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash received from customers $ 2,821,761 $ 2,392,766 $ 1,103,091 $ 57,500 $ 6,375,118 Cash paid to suppliers (2,039,739) (979,142) (7,032,621) (1,106,842) (11,158,344) Cash paid to employees (1,596,426) (847,334) - (6,173) (2,449,933) Other operating revenue 541,683 - - - 541,683
Net cash provided by (used in) operating activities (272,721) 566,290 (5,929,530) (1,055,515) (6,691,476)

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Intergovernmental revenue received - 583,737 7,838,018 - 8,421,755 Advances from other funds 194,884 - 386,002 - 580,886
Repayment of advances from other funds (539,560) - (161,426) (17,250) (718,236) Transfers in - - - 924,551 924,551
Transfers out (250,000) - - - (250,000)
Net cash provided by
non-capital financing activities (594,676) 583,737 8,062,594 907,301 8,958,956

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Capital grants received 893,600 1,156,555 2,045,777 - 4,095,932 Proceeds from sale of assets 428 16,127 986 - 17,541
Purchases of capital assets (329,438) (2,552,027) (517,122) - (3,398,587) Rents received - - 30,120 - 30,120
Interest paid (16,843) (63) (2,293) - (19,199)
Principal paid on long-term debt (32,240) (13,734) (32,157) - (78,131) Cash collected for future capital outlay 353,066 358,622 - - 711,688 Net cash provided by (used in)
capital and related financing activities 868,573 (1,034,520) 1,525,311 - 1,359,364 CASH FLOWS FROM INVESTING ACTIVITIES:

Net investment earnings (loss) (1,176) 274,821 28,167 35,049 336,861 Net cash provided by (used in) investing activities (1,176) 274,821 28,167 35,049 336,861 Net increase (decrease) in cash
and cash equivalents - 390,328 3,686,542 (113,165) 3,963,705 CASH AND CASH EQUIVALENTS:

Beginning of year - 7,223,989 955,698 1,002,826 9,182,513 End of year $ 7,614,317 - $ $ 4,642,240 $ 889,661 $ 13,146,218 Reconciliation to statement of net position:

Cash and cash equivalents $ 4,220,318 - $ $ 4,642,240 $ 889,661 $ 9,752,219 Restricted cash and cash equivalents - 3,393,999 - - 3,393,999 $ 7,614,317 - $ $ 4,642,240 $ 889,661 $ 13,146,218
(Continued)
City of Redding
Combining Statement of Cash Flows
Nonmajor Enterprise Funds
For the Year Ended June 30, 2025
188 Packet Pg. 663 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 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) $ (2,863,866) $ (887,981) $ (9,431,359) $ (1,126,329) $ (14,309,535) Adjustments to reconcile operating (loss) to net
cash provided (used) by operating activities:

Other non-operating revenue and expense 541,683 - 5,670 - 547,353 Depreciation and amortization 1,847,207 1,281,608 1,411,324 71,983 4,612,122 (Increase) decrease in accounts receivable (132,345) 10,132 28,496 (2,500) (96,217) (Increase) decrease in inventories - (7,599) (12,727) - (20,326) (Increase) decrease in prepaid items (8,899) (3,130) 1,711 (10,318) (Increase) decrease in accounts payable 588 3,163 1,945,777 (380) 1,949,148 Increase (decrease) in accrued liabilities 9,817 2,551 7,506 - 19,874 Increase (decrease) in deposits liability 9,800 - (1,500) - 8,300 Increase (decrease) in intergovernmental payable (333) 3,153 (170,647) - (167,827) Increase (decrease) in unearned revenue 27,306 - 287,930 - 315,236 Increase (decrease) in accrued compensated absences 6,477 9,608 - - 16,085 Other post employment benefits related items 82,872 74,261 - - 157,133 Pension related items 206,972 80,524 - - 287,496
Total adjustments 2,591,145 1,454,271 3,501,829 70,814 7,618,059 Net cash provided by (used) operating activities $ (272,721) $ 566,290 $ (5,929,530) $ (1,055,515) $ (6,691,476)

SCHEDULE OF NONCASH CAPITAL AND
RELATED FINANCING ACTIVITIES:

Plant contributed from developers $ 1,688,327 - $ $ 831,901 $ 2,520,228 - $ Right-to-use subscription debt issued - 37,906 - - 37,906 Right-to-use subscription assets capitalized from debt issued - (37,906) - - (37,906) Total non-cash capital and
related financing activities $ 1,688,327 - $ $ 831,901 $ 2,520,228 - $ (Concluded)
Combining Statement of Cash Flows (Continued)
Nonmajor Enterprise Funds
For the Year Ended June 30, 2025
City of Redding
189 Packet Pg. 664 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
190 Packet Pg. 665 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025)

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 and Street Maintenance.
191 Packet Pg. 666 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Information General Support
Equipment Systems Services
ASSETS
Current assets:

Cash and investments $ 256,329 $ 1,615,192 $ 2,605,858
Interest receivable 1,217 7,825 12,668
Accounts receivable, net 92 - 833
Prepaid items 58,976 41,412 56,042
Intergovernmental receivable 277 - -
Inventories 915,769 - -
Interfund receivable - - -
Total current assets 1,232,660 1,664,429 2,675,401
Non-current assets:

Capital assets:

Land - - 110,810
Construction in progress - 2,573,537 750,639
Depreciable capital assets, net 118,991 3,519,910 236,182 Capital assets, net 118,991 6,093,447 1,097,631
Other assets:

Advances to other funds - - -
Total other assets - - -
Total non-current assets 118,991 6,093,447 1,097,631
Total assets 1,351,651 7,757,876 3,773,032

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to other post employment benefits 647,756 648,642 765,112 Deferred outflows related to pensions 1,328,698 1,331,787 1,752,392 Total deferred outflows of resources 1,976,454 1,980,429 2,517,504

LIABILITIES
Current liabilities:

Accounts payable 195,666 556 372,646
Intergovernmental payable - 2,250 7,830
Accrued liabilities 78,346 58,548 106,428
Claims and judgements payable - - -
Unearned revenue - - -
Compensated absences - current 106,943 124,825 212,743
Long-term debt, due within one year - 451,535 41,627
Aggregate net OPEB liability 37,095 30,820 32,478
Total current liabilities 418,050 668,534 773,752
Long-term liabilities:

Compensated absences 198,309 226,540 357,582
Claims and judgements - - -
Long-term debt, due in more than one year - 764,580 -
Aggregate net OPEB liability 1,494,696 1,503,064 1,776,830 Aggregate net pension liability 5,288,954 5,010,896 6,443,147 Total long-term liabilities 6,981,959 7,505,080 8,577,559 Total liabilities 7,400,009 8,173,614 9,351,311

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to other post employment benefits 87,973 88,094 103,910 Deferred inflows related to pensions 833 1,502 2,322
Total deferred inflows of resources 88,806 89,596 106,232

NET POSITION
Investment in capital assets 118,991 4,877,332 1,056,004 Unrestricted (deficit) (4,279,701) (3,402,237) (4,223,011) Total net position $ (4,160,710) $ 1,475,095 $ (3,167,007) (Continued)
City of Redding
Combining Statement of Net Position
All Internal Service Funds
June 30, 2025
192 Packet Pg. 667 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Risk Municipal Utilities
Management Support Total
ASSETS
Current assets:

Cash and investments $ 13,516,608 $ 2,068,507 $ 20,062,494 Interest receivable 51,369 10,011 83,090
Accounts receivable, net 250,550 24,827 276,302
Prepaid items 428,097 56,794 641,321
Intergovernmental receivable - - 277
Inventories - - 915,769
Interfund receivable 34,000 - 34,000
Total current assets 14,280,624 2,160,139 22,013,253
Non-current assets:

Capital assets:

Land - - 110,810
Construction in progress - - 3,324,176
Other capital assets, net - 366,240 4,241,323
Capital assets, net - 366,240 7,676,309
Other assets:

Advances to other funds 3,152,240 - 3,152,240
Total other assets 3,152,240 - 3,152,240
Total non-current assets 3,152,240 366,240 10,828,549
Total assets 17,432,864 2,526,379 32,841,802

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to other post employment benefits 204,640 823,731 3,089,881 Deferred outflows related to pensions 510,827 2,020,935 6,944,639 Total deferred outflows of resources 715,467 2,844,666 10,034,520

LIABILITIES
Current liabilities:

Accounts payable 3,211,206 33,645 3,813,719
Intergovernmental payable 2,611,204 - 2,621,284
Accrued liabilities 34,123 117,224 394,669
Claims and judgements payable 5,601,700 - 5,601,700
Unearned revenue 53,702 - 53,702
Compensated absences - current 45,843 220,114 710,468
Long-term debt, due within one year - - 493,162
Aggregate net OPEB liability 9,142 36,202 145,737
Total current liabilities 11,566,920 407,185 13,834,441 Long-term liabilities:

Compensated absences 76,727 420,978 1,280,136
Claims and judgements 12,770,250 - 12,770,250
Long-term debt, due in more than one year - - 764,580
Aggregate net OPEB liability 474,783 1,911,728 7,161,101 Aggregate net pension liability 1,645,600 6,736,555 25,125,152 Total long-term liabilities 14,967,360 9,069,261 47,101,219 Total liabilities 26,534,280 9,476,446 60,935,660

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to other post employment benefits 27,792 111,871 419,640 Deferred inflows related to pensions 1,211 4,272 10,140 Total deferred inflows of resources 29,003 116,143 429,780

NET POSITION
Investment in capital assets - 366,240 6,418,567
Unrestricted (deficit) (8,414,952) (4,587,784) (24,907,685) Total net position $ (8,414,952) $ (4,221,544) $ (18,489,118) (Concluded)
June 30, 2025
All Internal Service Funds
Combining Statement of Net Position (Continued)
City of Redding
193 Packet Pg. 668 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
194 Packet Pg. 669 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) General Municipal
Information Support Risk Utilities
Equipment Systems Services Management Support Total
OPERATING REVENUES:

User fees and charges $ 7,007,330 $ 4,998,090 $ 8,779,167 $ 62,140,528 $ 6,453,720 $ 89,378,835 Other operating revenue 3,965 - 288 151,547 31,589 187,389 Total operating revenues 7,011,295 4,998,090 8,779,455 62,292,075 6,485,309 89,566,224 OPERATING EXPENSES:

Maintenance, operations,
and administration 7,862,686 4,076,291 8,306,201 66,105,193 6,725,265 93,075,636 Depreciation and amortization 23,487 1,013,575 134,052 - 87,362 1,258,476 Total operating expenses 7,886,173 5,089,866 8,440,253 66,105,193 6,812,627 94,334,112 OPERATING INCOME (LOSS) (874,878) (91,776) 339,202 (3,813,118) (327,318) (4,767,888)

NONOPERATING REVENUE
(EXPENSES):

Net investment earnings (loss) 39,315 113,150 80,212 385,504 75,792 693,973 Interest expense (5,099) (125,646) (13,467) - (6,735) (150,947) Intergovernmental revenues - - - 2,230 11,839 14,069
Gain (loss) on disposal of capital assets (298,932) 593 - 2,910 12,538 (282,891) Total nonoperating expenses (264,716) (11,903) 66,745 390,644 93,434 274,204 Income (loss) before transfers
and contributions (1,139,594) (103,679) 405,947 (3,422,474) (233,884) (4,493,684) Changes in net position (1,139,594) (103,679) 405,947 (3,422,474) (233,884) (4,493,684) NET POSITION:

Beginning of year (3,021,116) 1,578,774 (3,572,954) (4,992,478) (3,987,660) (13,995,434) End of year $ (4,160,710) $ 1,475,095 $ (3,167,007) $ (8,414,952) $ (4,221,544) $ (18,489,118) (4,279,701) (3,402,237) (4,223,011) (8,414,952) (4,587,784) - $ - - - - -
City of Redding
Combining Statement of Activities and Changes in Net Position All Internal Service Funds
For the Year Ended June 30, 2025
195 Packet Pg. 670 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) General Municipal
Information Support Risk Utilities
Equipment Systems Services Management Support Total

CASH FLOWS FROM
OPERATING ACTIVITIES:

Cash received from other funds $ 7,011,295 $ 4,998,090 $ 8,779,768 $ 62,222,505 6,428,893$ $ 89,440,551 Cash paid to suppliers (4,119,018) (3,200,603) (3,125,228) (61,204,208) (1,660,079) (73,309,136) Cash paid to employees (3,338,480) (1,510,442) (4,559,674) (1,240,293) (4,630,117) (15,279,006) Other income received - - - 31,589 - 31,589
Net cash provided by
operating activities (446,203) 287,045 1,094,866 (221,996) 170,286 883,998

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Repayment of advances from other funds - - (6,250) - - (6,250) Repayment of advances to other funds - - - 42,250 - 42,250 Intergovernmental revenue received - - - 6,240 11,839 18,079 Net cash provided by (used in)
noncapital financing activities - - (6,250) 48,490 11,839 54,079

CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES:

Proceeds from sale of assets 625 593 - - 12,538 13,756
Purchase of capital assets (76,442) (1,370,877) (250,930) - (94,552) (1,792,801) Interest paid (5,099) (125,646) (13,467) - (6,735) (150,947) Principal paid on long-term debt - (420,716) (56,847) - - (477,563) Net cash (used in)
capital and related financing activities (80,916) (1,916,646) (321,244) - (88,749) (2,407,555)

CASH FLOWS FROM
INVESTING ACTIVITIES:

Investment revenue received 39,575 114,879 73,459 361,597 73,348 662,858 Net cash (used in)
investing activities 39,575 114,879 73,459 361,597 73,348 662,858 Net increase (decrease) in cash
and cash equivalents (487,544) (1,514,722) 840,831 188,091 166,724 (806,620) CASH AND CASH EQUIVALENTS:

Beginning of year 743,873 3,129,914 1,765,027 13,328,517 1,901,783 20,869,114 End of year $ 256,329 $ 1,615,192 $ 2,605,858 $ 13,516,608 2,068,507$ $ 20,062,494 (Continued)
City of Redding
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2025
196 Packet Pg. 671 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 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) $ (874,878) $ (91,776) $ 339,202 $ (3,813,118) $ (327,318) $ (4,767,888) Adjustments to reconcile operating
income (loss) to net cash provided
(used) by operating activities:

Depreciation and amortization 23,487 1,013,575 134,052 - 87,362 1,258,476 (Increase) decrease in
accounts receivable - - 313 (113,022) (24,827) (137,536) (Increase) decrease in inventories (338,446) - - - - (338,446) (Increase) decrease in prepaid items (10,648) 22,679 10,201 (18,560) (9,178) (5,506) Increase (decrease) in
accounts payable 69,316 (395,137) 234,902 2,986,406 5,656 2,901,143 Increase (decrease) in
accrued liabilities 16,490 (1,725) 17,956 2,482 20,714 55,917 Increase (decrease) in claims
and judgements payable - - - (267,580) - (267,580)
Increase (decrease) in
intergovernmental payable - 2,250 3,330 845,166 - 850,746 Increase (decrease) in
unearned revenue - - - 43,452 - 43,452
Increase (decrease) in accrued
compensated absences 28,064 (90,778) 46,835 5,482 (78,674) (89,071) Other post employment benefits
related items 190,385 93,878 172,426 63,729 242,053 762,471 Pension related items 450,027 (265,921) 135,649 43,567 254,498 617,820 Total adjustments 428,675 378,821 755,664 3,591,122 497,604 5,651,886 Net cash provided by
operating activities $ (446,203) $ 287,045 $ 1,094,866 $ (221,996) 170,286$ $ 883,998 (Concluded)
Combining Statement of Cash Flows (Continued)
Internal Service Funds
For the Year Ended June 30, 2025
City of Redding
197 Packet Pg. 672 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
198 Packet Pg. 673 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025)

FIDUCIARY FUNDS - CUSTODIAL FUNDS
The Custodial Funds are used to account for assets held by 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 joint powers 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.
199 Packet Pg. 674 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Enterprise
Special Anderson
Deposits IPSS Groundwater
Fund Fund Fund Total
ASSETS
Cash and cash equivalents $ 1,983,859 $ 1,044,530 $ 3,028,393 4 $ Accounts receivable 8,133 101,319 - 109,452
Intergovernmental receivable - - 433,136 433,136
Interest receivable 18,674 5,078 1 23,753
Capital assets
Construction in progress - 2,380,119 - 2,380,119
Depreciable capital assets, net - 27,659 - 27,659
Total assets 2,010,666 3,558,705 433,141 6,002,512

LIABILITIES
Deposits 1,723,897 - - 1,723,897
Accounts payable 244,078 - 251,980 496,058
Accrued payroll - 8,378 808 9,186
Intergovernmental payable 6,208 - 180,273 186,481
Total liabilities 1,974,183 8,378 433,061 2,415,622

NET POSITION
Individuals, organizations, and other governments 36,483 3,550,327 80 3,586,890 Total net position $ 36,483 $ 3,550,327 $ 80 $ 3,586,890 City of Redding
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2025
200 Packet Pg. 675 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Enterprise
Special Anderson
Deposits IPSS Groundwater
Fund Fund Fund Total

ADDITIONS
Intergovernmental - fees $ - $ 896,294 $ - $ 896,294
Intergovernmental - grants - - 558,553 558,553
User fees - 760,395 - 760,395
Investment income (loss) 17,885 37,544 (701) 54,728
Total additions 17,885 1,694,233 557,852 2,269,970

DEDUCTIONS
Administration - 1,216,501 211,746 1,428,247
Software maintenance and support - 51,913 - 51,913
Project payments - 62,363 346,807 409,170
Loss on property disposal - 15,800 - 15,800
Depreciation - 22,204 - 22,204
Total deductions - 1,368,781 558,553 1,927,334
Changes in net position 17,885 325,452 (701) 342,636

NET POSITION
Beginning of year 18,598 3,224,875 781 3,244,254
End of year $ 36,483 $ 3,550,327 $ 80 $ 3,586,890
City of Redding
Combining Statement Changes of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2025
201 Packet Pg. 676 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
202 Packet Pg. 677 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025)

OTHER SUPPLEMENTARY

INFORMATION
Packet Pg. 678 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank.
204 Packet Pg. 679 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025)

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 on commercial 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. 680 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Cumulative Total September 30, December 31,
June 30, 2024 2024 2024
Unexpended (over expended) passenger facility
charges and interest, beginning of period $ 407,127 340,055 $ 499,219 $ Revenues:

Amount
Approved
Passenger facility charges collected 94,708 5,218,739 102,828 Interest earned 114 26,404 173
Total passenger facility charge revenue 6,138,540$ 5,245,143 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 1,735 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 42,000 - -
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 10,716 - -
002-PFC Application 67,222 23,333 - -
003-NEPA Environmental Evaluation for Runway 16-34 Improvements 17,051 - - - 004-Runway 16-34 Rehabilitation Design 87,288 83,841 2,289 254 005-Runway 16-34 Blast Pad Design 6,006 5,769 157 18
006-Runway 16-34 Connector Taxiways Design 10,414 10,003 273 30 007-Runway 16-34 MAGVAR Update Design 431 414 11 1
008-Runway 16-34 Rehabilitation Construction 1,532,385 5,458 - - 009-Runway 16-34 Blast Pad Construction 106,615 380 - - 010-Runway 16-34 Connector Taxiways Construction 201,900 719 - - 011-Runway 16-34 MAGVAR Update Construction 7,655 28 - - Total passenger facility charge revenue expenditures 4,725,095 2,730 303 Unexpended (over expended) passenger facility
charges and interest, end of period $ 520,048 $ 499,219 $ 601,917 (Continued)
For the Quarter Ended
City of Redding
Redding Municipal Airport
Schedule of Passenger Facility Charges Collected and Expended and Interest Collected For the Quarters Ended September 30, 2024, December 31, 2024, March 31, 2025, and June 30, 2025 206 Packet Pg. 681 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) For the Year
Ended
March 31, June 30, June 30, Cumulative Total
2025 2025 2025 June 30, 2025
Unexpended (over expended) passenger facility 601,917$ $ 668,592 $ 407,127 $ - charges and interest, beginning of period
Revenues:

Amount
Approved
Passenger facility charges collected 72,425 87,815 357,776 5,576,515 Interest earned 138 193 618 27,022
Total passenger facility charge revenue 72,563 88,008 358,394 5,603,537 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 - - - 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 - - - 10,716
002-PFC Application - - - 23,333
003-NEPA Environmental Evaluation for Runway 16-34 Improvements - - - - 004-Runway 16-34 Rehabilitation Design 86 760 3,389 87,230 005-Runway 16-34 Blast Pad Design 6 52 233 6,002
006-Runway 16-34 Connector Taxiways Design 10 91 404 10,407 007-Runway 16-34 MAGVAR Update Design - 5 17 431
008-Runway 16-34 Rehabilitation Construction 5,669 3,519 4,088 9,546 009-Runway 16-34 Blast Pad Construction 39 244 283 663
010-Runway 16-34 Connector Taxiways Construction 75 462 537 1,256 011-Runway 16-34 MAGVAR Update Construction 3 18 21 49
Total passenger facility charge revenue expenditures 5,888 5,151 8,972 4,734,067 Unexpended (over expended) passenger facility
charges and interest, end of period 668,592$ $ 751,449 $ 756,549 $ 869,470 (Concluded)
For the Quarter Ended
City of Redding
Redding Municipal Airport
Schedule of Passenger Facility Charges Collected and Expended and Interest Collected (Continued) For the Quarters Ended September 30, 2024, December 31, 2024, March 31, 2025, and June 30, 2025 207 Packet Pg. 682 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
208 Packet Pg. 683 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025)

STATISTICAL

SECTION
Packet Pg. 684 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
210 Packet Pg. 685 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) INDEX Page
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 revenue 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 activities take 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
211 Packet Pg. 686 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2015-16 2016-17 2017-18 2018-19 2019-20
Governmental activities
Net investment in capital assets $ 304,441,380 $ 299,478,797 $ 298,515,126 $ 296,238,160 $ 293,561,715 Restricted 43,495,762 42,760,454 41,076,874 67,544,524 67,415,758 Unrestricted (146,838,910) (157,129,728) (135,453,029) (157,348,852) (152,188,061) Total governmental activities net position $ 201,098,232 $ 185,109,523 $ 204,138,971 $ 206,433,832 $ 208,789,412 Business-type activities
Net investment in capital assets $ 284,346,442 $ 293,920,914 $ 314,064,755 $ 320,934,467 $ 327,301,815 Restricted 15,155,154 14,068,393 12,204,596 10,072,298 8,589,905 Unrestricted 54,363,934 66,198,888 99,325,093 112,968,216 127,947,134 Total business-type activities net position $ 353,865,530 $ 374,188,195 $ 425,594,444 $ 443,974,981 $ 463,838,854 Primary government
Net investment in capital assets $ 588,787,822 $ 593,399,711 $ 612,579,881 $ 617,172,627 $ 620,863,530 Restricted 58,650,916 56,828,847 53,281,470 77,616,822 76,005,663 Unrestricted (92,474,976) (90,930,840) (36,127,936) (44,380,636) (24,240,927) Total primary government net position $ 554,963,762 $ 559,297,718 $ 629,733,415 $ 650,408,813 $ 672,628,266 Source: City of Redding Annual Comprehensive Financial Report City of Redding
Fiscal Year
Last Ten Fiscal Years Ended June 30, 2025
(accrual basis of accounting)
Net Position by Component
212 Packet Pg. 687 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2020-21 2021-22 2022-23 2023-24 2024-25
Governmental activities
Net investment in capital assets $ 307,597,872 $ 317,742,758 $ 335,471,207 $ 348,502,520 $ 357,289,353 Restricted 99,523,339 99,799,590 123,734,817 131,861,615 145,320,372 Unrestricted (157,650,758) (146,175,614) (152,837,374) (169,117,666) (189,727,802) Total governmental activities net position $ 249,470,453 $ 271,366,734 $ 306,368,650 $ 311,246,469 $ 312,881,923 Business-type activities
Net investment in capital assets $ 358,579,485 $ 368,787,712 $ 392,864,351 $ 425,350,722 $ 440,374,272 Restricted 9,433,039 6,782,510 8,921,648 2,575,699 55,179,244 Unrestricted 105,661,660 110,264,669 108,075,347 108,434,713 83,330,782 Total business-type activities net position $ 473,674,184 $ 485,834,891 $ 509,861,346 $ 536,361,134 $ 578,884,298 Primary government
Net investment in capital assets $ 666,177,357 $ 686,530,470 $ 728,335,558 $ 773,853,242 $ 797,663,625 Restricted 108,956,378 106,582,100 132,656,465 134,437,314 200,499,616 Unrestricted (51,989,098) (35,910,945) (44,762,027) (60,682,953) (106,397,020) Total primary government net position $ 723,144,637 $ 757,201,625 $ 816,229,996 $ 847,607,603 $ 891,766,221 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, 2025
(accrual basis of accounting)
213 Packet Pg. 688 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2015-16 2016-17 2017-18 2018-19 2019-20
Expenses
Governmental activities
General government $ 8,077,255 $ 7,576,731 $ 7,678,431 $ 7,503,465 $ 9,842,219 Police 30,751,887 32,114,904 32,742,710 34,001,886 36,954,392 Fire 20,467,167 22,299,466 23,264,792 23,685,713 24,997,889 Public works 14,954,615 16,211,855 15,039,604 16,096,332 16,133,278 Planning 4,013,885 4,290,932 3,918,206 3,879,239 5,049,433 Recreation and culture 10,791,830 11,219,774 11,137,417 11,360,417 12,101,698 Community development 9,991,686 10,241,866 9,377,682 9,724,970 10,825,020 Interest on long-term debt 1,720,036 1,623,654 1,575,210 1,495,440 1,832,339 Total governmental activities expenses 100,768,361 105,579,182 104,734,052 107,747,462 117,736,268 Business-type activities
Electric 144,525,611 144,826,944 139,069,185 148,470,304 154,180,658 Water 17,023,112 17,810,721 18,714,649 18,403,516 18,747,880 Wastewater 23,872,035 23,748,358 23,807,419 24,553,202 25,734,531 Storm drainage 2,094,900 2,037,068 2,032,999 2,155,137 2,313,546 Solid waste 20,209,534 22,430,632 22,835,505 25,668,200 26,604,891 Transportation 9,948,552 10,114,207 10,256,990 10,837,593 11,140,459 Convention center 1,187,415 1,349,400 1,316,803 1,408,622 1,785,044 Total business-type activities expenses 218,861,159 222,317,330 218,033,550 231,496,574 240,507,009 Total primary government expenses $ 319,629,520 $ 327,896,512 $ 322,767,602 $ 339,244,036 $ 358,243,277 Program revenues
Governmental activities
Charges for services:

General government $ 6,213,317 $ 6,395,898 $ 6,522,621 $ 6,332,966 $ 7,030,150 Public works 650,616 669,769 785,973 1,375,532 770,387
Planning 1,286,338 1,986,579 1,822,316 3,031,727 4,201,516 Other activities 4,743,501 4,804,529 4,921,877 4,555,208 5,182,252 Operating grants and contributions 18,663,414 16,491,007 15,293,829 22,924,591 22,540,523 Capital grants and contributions 18,960,524 6,040,837 11,061,017 8,618,248 13,690,648 Total governmental activities program revenues 50,517,710 36,388,619 40,407,633 46,838,272 53,415,476 Program revenues
Business-type activities
Charges for services:

Electric 158,275,732 165,157,048 158,286,134 155,200,165 151,851,828 Water 17,995,434 19,591,568 22,158,506 22,486,899 23,665,086 Wastewater 26,776,762 26,939,000 27,592,665 29,145,722 29,287,911 Solid waste 21,200,419 22,167,885 22,703,424 23,639,052 24,174,557 Transportation 3,717,047 3,814,776 5,463,971 2,006,964 3,578,926 Other activities 1,744,369 1,687,107 1,419,953 1,495,369 1,944,149 Operating grants and contributions 4,300,769 4,441,415 6,219,525 5,803,463 7,396,940 Capital grants and contributions 3,343,536 2,624,987 8,173,146 7,413,845 16,790,748 Total business-type activities program revenues 237,354,068 246,423,786 252,017,324 247,191,479 258,690,145 Total primary government program revenues $ 287,871,778 $ 282,812,405 $ 292,424,957 $ 294,029,751 $ 312,105,621 Net (expense) revenue
Governmental activities $ (50,250,651) $ (69,190,563) $ (64,326,419) $ (60,909,190) $ (64,320,792) Business-type activities 18,492,909 24,106,456 33,983,774 15,694,905 18,183,136 Total primary government $ (31,757,742) $ (45,084,107) $ (30,342,645) $ (45,214,285) $ (46,137,656) Source: City of Redding Comprehensive Annual Financial Report Source: City of Redding Annual Comprehensive Financial Report Fiscal Year
Last Ten Fiscal Years
(accrual basis of accounting)
City of Redding
Change in Net Position
214 Packet Pg. 689 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2020-21 2021-22 2022-23 2023-24 2024-25
Expenses
Governmental activities
General government $ 7,305,048 $ 7,444,640 $ 11,842,912 $ 8,221,348 $ 12,204,139 Police 38,537,805 36,227,155 46,859,911 54,474,231 56,673,461 Fire 27,416,745 24,061,217 27,823,146 35,008,283 36,321,220 Public works 12,781,403 17,139,094 17,061,623 22,360,331 21,254,465 Planning 4,261,253 5,529,441 6,855,776 8,047,061 7,803,158 Recreation and culture 11,436,375 12,086,281 14,167,809 14,564,444 16,668,609 Community development 10,788,241 11,712,568 24,470,351 21,599,533 25,795,260 Interest on long-term debt 1,501,079 1,448,241 1,450,653 1,662,180 1,579,723 Total governmental activities expenses 114,027,949 115,648,637 150,532,181 165,937,411 178,300,035 Business-type activities
Electric 158,675,983 158,141,420 187,014,653 159,038,929 169,583,186 Water 20,163,278 20,378,700 21,304,950 22,977,291 23,707,346 Wastewater 25,097,221 24,957,471 27,965,652 28,479,691 27,389,448 Storm drainage 2,529,827 2,024,016 2,653,578 3,218,220 3,315,301 Solid waste 27,348,763 24,546,239 29,546,236 33,853,772 35,366,920 Transportation 11,187,003 13,906,912 13,700,891 14,723,526 16,444,319 Convention center 873,731 1,221,786 1,299,789 1,191,406 1,187,879 Total business-type activities expenses 245,875,806 245,176,544 283,485,749 263,482,835 276,994,399 Total primary government expenses $ 359,903,755 $ 360,825,181 $ 434,017,930 $ 429,420,246 $ 455,294,434 Program revenues
Governmental activities
Charges for services:

General government $ 5,427,109 $ 6,483,335 $ 8,075,361 $ 8,278,901 $ 10,074,535 Public works 822,537 1,055,233 1,196,177 1,583,430 1,489,772 Planning 4,917,418 5,502,403 5,392,509 4,818,864 3,380,017 Other activities 8,134,737 5,910,441 6,934,857 8,998,908 7,039,791 Operating grants and contributions 34,693,970 26,364,886 62,612,981 53,005,393 55,167,523 Capital grants and contributions 27,665,920 18,621,461 23,463,752 14,380,385 23,194,532 Total governmental activities program revenues 81,661,691 63,937,759 107,675,637 91,065,881 100,346,170 Program revenues
Business-type activities
Charges for services:

Electric 158,263,003 159,904,815 199,349,597 170,020,064 176,245,879 Water 26,431,076 25,183,388 26,106,650 27,587,108 33,283,372 Wastewater 30,841,837 32,707,404 33,662,337 34,767,686 37,239,308 Solid waste 26,017,505 26,844,590 27,086,157 29,472,283 34,184,813 Transportation 3,379,397 4,016,624 2,246,283 4,158,212 4,568,575 Other activities 1,950,674 2,400,572 2,449,974 2,462,756 2,798,065 Operating grants and contributions 7,387,085 11,230,562 8,021,675 8,587,184 11,204,644 Capital grants and contributions 7,134,115 5,308,211 13,997,809 7,910,770 15,610,459 Total business-type activities program revenues 261,404,692 267,596,166 312,920,482 284,966,063 315,135,115 Total primary government program revenues $ 343,066,383 $ 331,533,925 $ 420,596,119 $ 376,031,944 $ 415,481,285 Net (expense) revenue
Governmental activities $ (32,366,258) $ (51,710,878) $ (42,856,544) $ (74,871,530) $ (77,953,865) Business-type activities 15,528,886 22,419,622 29,434,733 21,483,228 38,140,716 Total primary government $ (16,837,372) $ (29,291,256) $ (13,421,811) $ (53,388,302) $ (39,813,149) Source: City of Redding Annual Comprehensive Financial Report (accrual basis of accounting)
Fiscal Year
City of Redding
Change in Net Position (Continued)
Last Ten Fiscal Years
215 Packet Pg. 690 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2015-16 2016-17 2017-18 2018-19 2019-20
General revenue and
other changes in net position
Governmental activities
Taxes
Sales taxes $ 22,586,087 $ 23,199,460 $ 23,507,550 $ 26,879,606 $ 26,695,889 Property taxes 17,357,917 17,924,119 19,156,295 20,075,405 21,519,652 Transient and occupancy taxes 4,616,654 4,778,285 5,168,477 6,916,257 5,206,330 Motor vehicle in-lieu taxes 36,761 40,422 47,718 43,852 73,478 Franchise taxes 1,005,928 1,088,088 1,131,066 1,138,077 1,188,938 Other taxes 1,103,021 1,189,035 1,134,113 1,317,172 2,034,827 Investment earnings (loss) 780,348 374,394 525,477 1,868,151 1,660,407 Gain on sale of property 1,401,277 166,278 1,464,193 7,303 2,859,435 Miscellaneous 203,979 152,135 166,647 190,920 1,171,866 Transfers 4,568,933 4,289,638 5,440,006 4,767,308 4,265,550 Special item - - (2,485,800) - -
Total governmental activities 53,660,905 53,201,854 55,255,742 63,204,051 66,676,372 Business-type activities
Investment earnings (loss) 2,515,901 505,847 980,902 7,452,940 5,946,287 Gain on sale of property - - - - -
Miscellaneous - - - - -
Transfers (4,568,933) (4,289,638) (5,440,006) (4,767,308) (4,265,550) Other items 4,883 - - - -
Total business activities (2,048,149) (3,783,791) (4,459,104) 2,685,632 1,680,737 Total primary government 51,612,756 49,418,063 50,796,638 65,889,683 68,357,109 Change in net position
Governmental activities 3,410,254 (15,988,709) (9,070,677) 2,294,861 2,355,580 Adjustments - - 28,100,125 - -
Total governmental activities 3,410,254 (15,988,709) 19,029,448 2,294,861 2,355,580 Business-type activities 16,444,760 20,322,665 29,524,670 18,380,537 19,863,873 Adjustments - business activities - - 21,881,579 -
Total business activities 16,444,760 20,322,665 51,406,249 18,380,537 19,863,873 Total changes in net position - primary government 19,855,014 $ $ 4,333,956 $ 70,435,697 $ 20,675,398 $ 22,219,453 Source: City of Redding Annual Comprehensive Financial Report (accrual basis of accounting)
Fiscal Year
City of Redding
Change in Net Position (Continued)
Last Ten Fiscal Years
216 Packet Pg. 691 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2020-21 2021-22 2022-23 2023-24 2024-25
General revenue and
other changes in net position
Governmental activities
Taxes
Sales taxes $ 31,159,466 $ 31,845,575 $ 30,469,277 $ 31,067,691 $ 30,028,628 Property taxes 22,777,902 24,231,038 26,375,135 28,524,507 29,905,866 Transient and occupancy taxes 6,222,974 8,266,136 7,293,033 7,133,234 8,147,375 Motor vehicle in-lieu taxes 67,288 105,953 96,183 115,907 147,810 Franchise taxes 1,190,714 1,237,911 1,325,736 1,312,082 1,200,915 Other taxes 3,931,465 3,646,978 2,912,615 3,021,359 2,685,386 Investment earnings 340,588 (2,241,966) 1,112,841 2,845,092 3,233,533 Gain on sale of property 1,050,911 2,154,810 239,117 413,038 174,448 Miscellaneous 147,175 226,659 200,627 144,624 126,884
Transfers 6,158,816 4,134,065 7,833,896 5,171,815 3,938,474 Special item - - - - -
Total governmental activities 73,047,299 73,607,159 77,858,460 79,749,349 79,589,319 Business-type activities
Investment earnings (loss) 457,322 (6,124,850) 2,409,343 9,525,186 8,297,215 Gain on sale of property - - - 280,351 18,234
Miscellaneous 7,938 - - - -
Transfers (6,158,816) (4,134,065) (7,833,896) (5,171,815) (3,938,474) Other items - - 16,275 382,838 5,473
Total business activities (5,693,556) (10,258,915) (5,408,278) 5,016,560 4,382,448 Total primary government 67,353,743 63,348,244 72,450,182 84,765,909 83,971,767 Change in net position
Governmental activities 40,681,041 21,896,281 35,001,916 4,877,819 1,635,454 Adjustments - - - - -
Total governmental activities 40,681,041 21,896,281 35,001,916 4,877,819 1,635,454 Business-type activities 9,835,330 12,160,707 24,026,455 26,499,788 42,523,164 Adjustments - business activities - - - - -
Total business activities 9,835,330 12,160,707 24,026,455 26,499,788 42,523,164 Total changes in net position - primary government 50,516,371 $ $ 34,056,988 $ 59,028,371 $ 31,377,607 $ 44,158,618 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)
217 Packet Pg. 692 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
218 Packet Pg. 693 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2015-16 2016-17 2017-18 2018-19 2019-20
General fund
Nonspendable $ 1,875,032 $ 1,833,006 $ 2,748,604 $ 1,841,971 $ 1,911,241 Restricted 756,897 757,254 762,753 273,610 -
Assigned 678,089 5,509,567 5,489,161 3,533,413 3,195,034 Unassigned 18,534,694 12,381,575 9,682,620 16,686,434 16,964,783 Total general fund $ 21,844,712 $ 20,481,402 $ 18,683,138 $ 22,061,818 $ 22,344,668 All other governmental funds
Nonspendable $ 20,521 $ 18,429 $ 20,291 $ 24,616 $ 24,078 Restricted 53,237,478 50,903,778 44,380,448 67,207,281 67,142,148 Unassigned (307,291) (344,254) (344,640) (342,425) -
Total all other governmental funds $ 52,950,708 $ 50,577,953 $ 44,056,099 $ 66,889,472 $ 67,166,226 2020-21 2021-22 2022-23 2023-24 2024-25
General fund
Nonspendable $ 6,771,284 $ 3,224,350 $ 3,283,430 $ 2,127,863 $ 2,397,937 Restricted 209,316 141,236 604,458 431,956 1,472,873
Assigned 10,524,976 10,117,549 7,923,890 13,529,698 6,439,740 Unassigned 13,001,211 15,242,047 14,750,184 7,457,606 6,581,133 Total general fund $ 30,506,787 $ 28,725,182 $ 26,561,962 $ 23,547,123 $ 16,891,683 All other governmental funds
Nonspendable $ 19,107 $ 777 $ 77,577 $ 97,860 $ 88,177
Restricted 78,074,986 73,886,067 88,647,271 109,629,484 125,276,047 Unassigned - (191,422) - (470,007) (628,195)
Total all other governmental funds $ 78,094,093 $ 73,886,844 $ 88,533,426 $ 109,257,337 $ 124,736,029 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)
219 Packet Pg. 694 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2015-16 2016-17 2017-18 2018-19 2019-20
Revenues:

Taxes $ 47,889,908 $ 48,385,407 $ 50,114,315 $ 56,183,337 $ 56,585,655 Licenses and permits 1,321,422 1,319,041 1,304,712 1,777,332 2,588,480 Intergovernmental revenues 33,039,876 19,301,043 17,561,603 31,593,447 24,712,718 Charges for services 3,135,897 3,763,928 3,968,265 4,011,783 5,199,913 Fines 1,434,429 1,598,215 1,445,372 2,005,413 1,173,384 Use of money and property 7,774,752 7,905,927 7,903,045 7,965,078 7,874,941 Interest revenue 559,933 351,277 505,398 1,333,966 1,233,375 Special assessments 311,291 480,855 612,627 575,104 697,098 Miscellaneous 6,151,375 3,321,608 4,141,927 4,251,526 7,095,919 Total revenues 101,618,883 86,427,301 87,557,264 109,696,986 107,161,483 Expenditures:

General government 5,531,550 6,170,131 6,061,390 6,175,867 7,402,934 Community development 9,833,058 9,988,629 9,208,634 9,479,314 10,622,163 Public safety 47,667,150 49,561,988 51,305,095 52,470,544 53,761,183 Public works 7,736,374 8,089,769 6,280,036 7,785,619 7,596,809 Planning 4,005,836 4,054,107 3,751,957 3,718,793 4,543,768 Recreation and culture 7,090,091 7,477,025 7,895,240 7,668,664 8,146,931 Capital outlay 16,012,801 6,902,183 11,354,447 6,897,619 17,919,482 Debt service:

Principal retirement 2,785,484 2,532,744 2,657,496 20,291,342 1,964,210 Interest and fiscal charges 1,658,488 1,557,407 1,510,512 1,629,677 1,543,376 Bond issuance costs - - 223,905 - (466)
Total expenditures 102,320,832 96,333,983 100,024,807 116,341,344 113,500,390 Excess of revenues over (under) expenditures (701,949) (9,906,682) (12,467,543) (6,644,358) (6,338,907) Other financing sources (uses)
Sale of capital asset 1,401,276 166,279 1,275,193 196,303 2,859,435 Long-term debt issued - - 23,996,354 - -
Premium on bonds issued - - 3,272,602 - -
Transfers in 12,233,284 13,756,026 12,677,169 13,665,199 14,516,043 Transfers out (7,950,559) (7,751,688) (7,307,089) (8,274,047) (10,476,967) Total other financing sources (uses) 5,684,001 6,170,617 6,645,273 32,856,411 6,898,511 Special item - (2,485,800) - -
Net change in fund balances $ 4,982,052 $ (3,736,065) $ (8,308,070) $ 26,212,053 $ 559,604 Fund balances (deficit), beginning
of year, as originally stated $ 69,813,368 $ 74,795,420 $ 71,059,355 $ 62,739,237 $ 88,951,290 Prior period adjustment - - (12,048) - -
Fund balances (deficit), beginning
of year, as restated 69,813,368 74,795,420 71,047,307 62,739,237 88,951,290 Fund balances (deficit), end of year $ 74,795,420 $ 71,059,355 $ 62,739,237 $ 88,951,290 $ 89,510,894 Debt service as a percentage of
noncapital expenditures 5% 5% 5% 20% 4%
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)
220 Packet Pg. 695 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2020-21 2021-22 2022-23 2023-24 2024-25
Revenues:

Taxes $ 65,233,262 $ 69,214,157 $ 68,252,800 $ 70,990,507 $ 71,840,690 Licenses and permits 2,449,876 2,495,389 2,496,607 2,844,265 2,768,432 Intergovernmental revenues 31,838,001 33,322,809 62,217,825 73,189,478 66,366,533 Charges for services 6,393,638 7,357,575 6,403,256 6,717,616 7,610,277 Fines 1,346,858 1,368,471 1,630,544 944,667 1,262,017
Use of money and property 6,761,893 8,349,455 8,823,765 9,693,518 9,524,305 Interest revenue 348,081 (1,616,423) 1,005,404 2,336,217 2,624,268 Special assessments 707,108 928,727 994,049 1,195,152 1,091,895 Miscellaneous 18,101,754 6,127,608 12,932,340 10,695,412 8,419,589 Total revenues 133,180,471 127,547,768 164,756,590 178,606,832 171,508,006 Expenditures:

General government 6,999,481 8,781,231 10,803,116 8,504,531 8,615,515 Community development 11,129,141 12,106,454 24,473,014 20,678,667 25,087,815 Public safety 58,097,550 64,675,885 69,156,652 77,910,254 82,564,787 Public works 6,328,452 10,716,202 8,651,241 14,492,381 11,192,801 Planning 5,122,727 5,843,580 6,582,099 6,562,666 6,728,307 Recreation and culture 7,893,793 8,692,187 9,838,579 10,906,296 11,422,435 Capital outlay 21,604,121 26,023,167 27,843,932 25,390,567 20,038,883 Debt service:

Principal retirement 1,853,967 2,046,549 2,265,970 1,948,674 1,908,983 Interest and fiscal charges 1,587,580 1,513,691 1,550,338 1,747,922 1,610,198 Bond issuance costs - - - - -
Total expenditures 120,616,812 140,398,946 161,164,941 168,141,958 169,169,724 Excess of revenues over (under) expenditures 12,563,659 (12,851,178) 3,591,649 10,464,874 2,338,282 Other financing sources (uses)
Sale of capital asset 1,050,911 2,154,810 239,117 413,038 174,447 Long-term debt issued 151,196 - 865,113 352,244 370,874 Premium on bonds issued - - - - -
Transfers in 12,832,566 15,311,345 20,659,066 18,524,025 16,509,206 Transfers out (7,357,150) (10,755,027) (12,871,583) (12,045,109) (10,569,557) Total other financing sources (uses) 6,526,327 6,862,324 8,891,713 7,244,198 6,484,970 Special item - - - - -
Net change in fund balances $ 19,089,986 $ (5,988,854) $ 12,483,362 $ 17,709,072 $ 8,823,252 Fund balances (deficit), beginning
of year, as originally stated $ 89,510,894 $ 108,600,880 $ 102,612,026 $ 115,095,388 $ 132,804,460 Prior period adjustment - - - - -
Fund balances (deficit), beginning
of year, as restated 89,510,894 108,600,880 102,612,026 115,095,388 132,804,460 Fund balances (deficit), end of year $ 108,600,880 $ 102,612,026 $ 115,095,388 $ 132,804,460 $ 141,627,712 Debt service as a percentage of
noncapital expenditures 3% 3% 3% 3% 2%
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. 696 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
222 Packet Pg. 697 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Transient
Property Occupancy Sales Other
Fiscal Year Tax Tax Tax Taxes Total
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
2024-2025 29,782 8,147 30,025 3,887 71,841
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. 698 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Base Rate Electricity Sold Base Rate Electricity Sold
Type of Customer Customers (MWHs) Customers (MWHs)
Residential 37,751 361,427 38,015 366,354
Commercial 5,025 332,232 4,949 324,202
Industrial 335 13,394 336 13,226
Other 928 42,358 933 41,825
Total 44,039 749,411 44,233 745,607
Base Rate Electricity Sold Base Rate Electricity Sold
Type of Customer Customers (MWHs) Customers (MWHs)
Residential 38,587 393,404 38,572 375,818
Commercial 4,975 302,067 5,088 300,597
Industrial 353 11,552 351 12,155
Other 966 50,105 970 49,924
Total 44,881 757,128 44,981 738,494
Metered Customers and MWHs Sold
Fiscal Year ended June 30,
2022
City of Redding
Last Ten Fiscal Years
Revenue Base - Own Source Revenue
2021
Fiscal Year ended June 30,
2016 2017
224 Packet Pg. 699 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Base Rate Electricity Sold Base Rate Electricity Sold Base Rate Electricity Sold Type of Customer Customers (MWHs) Customers (MWHs) Customers (MWHs) Residential 38,088 368,829 38,058 356,741 38,320 358,510 Commercial 4,955 323,799 4,942 312,484 4,972 298,242
Industrial 326 12,626 334 12,372 338 12,349
Other 935 41,471 930 39,765 936 41,639
Total 44,304 746,725 44,264 721,362 44,566 710,740
Base Rate Electricity Sold Base Rate Electricity Sold Base Rate Electricity Sold Type of Customer Customers (MWHs) Customers (MWHs) Customers (MWHs) Residential 38,706 394,986 39,019 372,342 39,089 392,468 Commercial 5,092 308,606 5,101 305,667 5,212 315,897
Industrial 336 12,152 326 12,128 329 12,877
Other 974 46,678 967 46,467 961 49,253
Total 45,108 762,422 45,413 736,604 45,591 770,495
City of Redding
Revenue Base - Own Source Revenue (Continued)
Metered Customers and MWHs Sold
Last Ten Fiscal Years
2024
Fiscal Year ended June 30,
2025
Fiscal Year ended June 30,
2018 2019 2020
2023
225 Packet Pg. 700 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 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
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
2025 40.00 0.1492 70.00 95.00 0.1649 0.1086 0.1086
Source: City of Redding Utility Rate Schedules
Residential
Energy Charge
Commercial
Monthly Base Rate
Last Ten Fiscal Years
City of Redding
Electric Utility Rates
226 Packet Pg. 701 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Fiscal Year
Monthly Base
Rate All kwh
Per kWh in
Excess of
15,000
If Off-Peak
Demand
Exceeds OnPeak Demand
If Off-Peak
Demand is
Less Than OnPeak Demand
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
2025 95.00 0.1086 0.1086 0.1086 0.1086
Source: City of Redding Utility Rate Schedules
On Peak Energy Charge Off Peak Energy Charge
Industrial
City of Redding
Electric Utility Rates (Continued)
Last Ten Fiscal Years
227 Packet Pg. 702 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
228 Packet Pg. 703 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Percentage of Percentage of
City Total City Total
Utility Payer Utilities Paid Rank Utilities Paid Utilities Paid Rank Utilities Paid Customer #1 $5,824,233 1 4.09% $5,189,393 1 4.04%
Customer #2 2,304,272 2 1.62% 1,962,435 3 1.50%
Customer #3 1,848,521 3 1.30% 1,976,162 2 1.62%
Customer #4 1,577,112 4 1.11% 1,934,960 4 1.19%
Customer #5 1,481,504 5 1.04% 1,496,858 5 0.86%
Customer #6 1,233,632 6 0.87%
Customer #7 1,230,962 7 0.87% 1,181,791 6 0.61%
Customer #8 952,780 8 0.67% 987,333 7 0.58%
Customer #9 839,806 9 0.59% 699,897
Customer #10 740,204 10 0.52%
Customer #11
Customer #12 677,193 10 0.47%
Customer #13
Customer #14
Customer #15 765,411 8 0.55%
Customer #16
Customer #17
Customer #18
Customer #19 708,831 9 0.50%
Total $18,033,026 12.68% $17,580,264 11.92%
Source: City of Redding Electric Utility
City of Redding
Principal Electric Utility Payers
Fiscal Years 2024-25 and 2015-16
June 30, 2025 Fiscal Year June 30, 2016 Fiscal Year
229 Packet Pg. 704 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Fiscal Year
Ending Revenue Bonds Loans
Special
Assessment
Bonds SBITAS Leases
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
2025 24,856 329 - 1,328 635
(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. 705 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Fiscal Year
Ending
Revenue
Bonds
Certificates of
Participation Loans SBITAS Leases
Total Primary
Government
Percentage of
Personal
Income (1)
Per Capita
(1)
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 - - 200,956 65 3.93% 2,162
2023 152,042 - 335 3,831 185,919 131 3.72% 2,011
2024 136,279 - 303 2,989 168,945 82 2.77% 1,597
2025 190,412 - 271 2,146 220,015 39 4.08% 2,352
(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. 706 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
232 Packet Pg. 707 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Percentage Amount
Net Debt Applicable to Applicable to
Jurisdiction Outstanding City of Redding (3) City of Redding Direct:

City of Redding: (1)
Revenue bonds $ 24,855,635 100.000% $ 24,855,635
Loans 329,116 100.000% 329,116
SBITAS 1,328,135 100.000% 1,328,135
Leases 634,777 100.000% 634,777
Total direct debt 27,147,663 27,147,663
Overlapping:

County of Shasta: (2)
Bonds 14,795,380 51.569% 7,629,830
Notes 13,453,109 51.569% 6,937,634
SBITAS 818,130 51.569% 421,901
Leases 9,929,244 51.569% 5,120,412
Shasta County Schools: (2)
Enterprise School District 41,992,152 98.991% 41,568,451 Shasta Union High School District 56,662,555 69.879% 39,595,227 Gateway School 23,436,331 41.188% 9,652,956
Redding School District 25,095,000 99.381% 24,939,662
Columbia School District 156,230 73.825% 115,337
Shasta College 137,760,000 51.740% 71,277,024
Cascade School 19,531,658 2.074% 405,087
Pacheco School 9,277,254 60.198% 5,584,721
Grant School 860,000 71.805% 617,523
Andersion Union High School District 3,105,000 2.034% 63,156 Junction School 9,832,256 18.940% 1,862,229
Total overlapping debt 366,704,299 215,791,150
Total direct and overlapping debt $ 393,851,962 $ 242,938,813 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, 2025
233 Packet Pg. 708 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2015-16 2016-17 2017-18 2018-19 2019-20
Debt limit $ 289,290 $ 301,892 $ 318,039 $ 334,352 $ 351,116 Total net debt applicable to limit 92 63 - - -
Legal debt margin $ 289,198 $ 301,829 $ 318,039 $ 334,352 $ 351,116 Total net debt applicable to the limit
as a percentage of debt limit 0.03% 0.02% 0.00% 0.00% 0.00% Fiscal Year
City of Redding
Legal Debt Margin Information
Last Ten Fiscal Years
(amounts expressed in thousands)
234 Packet Pg. 709 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2020-21 2021-22 2022-23 2023-24 2024-25
Debt limit $ 370,670 $ 390,353 $ 420,217 $ 450,254 $ 471,501 Total net debt applicable to limit - - - - -
Legal debt margin $ 370,670 $ 390,353 $ 420,217 $ 450,254 $ 471,501 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. $ 471,501
$ 471,501
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
$ 12,573,360
City of Redding
Legal Debt Margin Information (Continued)
Last Ten Fiscal Years
(amounts expressed in thousands)
235 Packet Pg. 710 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2015-16 2016-17 2017-18 2018-19 2019-20
Operating revenue $ 25,451,684 $ 25,815,214 $ 27,575,888 $ 29,125,869 $ 29,544,078 Other revenue** 15,453 16,261 16,778 19,854 40,019
Interest revenue 609,119 80,155 199,081 1,434,691 1,056,758 Adjusted revenue 26,076,256 25,911,630 27,791,747 30,580,414 30,640,855 25% of adjusted revenue 6,519,064 6,477,909 6,947,937 7,645,104 7,660,214 Actual connection fees 1,309,625 1,162,532 874,321 657,024 990,667 Allowable connection fees 1,309,625 1,162,532 874,321 657,024 990,667 Total revenue 27,385,881 27,074,162 28,666,068 31,237,438 31,631,522 Operating expense (21,561,048) (21,645,196) (21,888,127) (22,864,621) (23,847,874) Add back depreciation/amortization 7,026,394 7,018,740 7,289,864 7,345,254 7,627,592 Net operating expense (14,534,654) (14,626,456) (14,598,263) (15,519,367) (16,220,282) Net wastewater revenues* $ 12,851,227 $ 12,447,706 $ 14,067,805 $ 15,718,071 $ 15,411,240 Total debt service*** $ 8,129,964 $ 8,569,619 $ 8,573,419 $ 8,574,819 $ 6,973,569 Debt coverage ratio 1.58 1.45 1.64 1.83 2.21
* Excludes interest expense and gain/loss on disposal of assets. ** Excludes capital grants.
*** Excludes 2014 defeased debt of $9,126,250
City of Redding
Fiscal Year Ending
Last Ten Fiscal Years
Wastewater Revenue Bond Coverage
236 Packet Pg. 711 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2020-21 2021-22 2022-23 2023-24 2024-25
Operating revenue $ 30,815,373 $ 32,689,735 $ 33,644,745 $ 34,775,027 $ 37,254,606 Other revenue** 26,463 17,669 17,592 (169,859) 63,295
Interest revenue 81,245 (1,248,594) 515,892 1,862,698 1,720,364 Adjusted revenue 30,923,081 31,458,810 34,178,229 36,467,866 39,038,265 25% of adjusted revenue 7,730,770 7,864,703 8,544,557 9,116,967 9,759,566 Actual connection fees 1,167,190 1,053,707 1,673,885 1,555,196 1,623,284 Allowable connection fees 1,167,190 1,053,707 1,673,885 1,555,196 1,623,284 Total revenue 32,090,271 32,512,517 35,852,114 38,023,062 40,661,549 Operating expense (23,748,891) (23,382,959) (26,709,582) (27,649,563) (26,068,562) Add back depreciation/amortization 7,810,350 7,530,265 7,319,789 7,300,649 7,296,084 Net operating expense (15,938,541) (15,852,694) (19,389,793) (20,348,914) (18,772,478) Net wastewater revenues* $ 16,151,730 $ 16,659,823 $ 16,462,321 $ 17,674,148 $ 21,889,071 Total debt service*** $ 6,826,083 $ 6,720,500 $ 6,723,000 $ 5,604,500 $ 5,605,500 Debt coverage ratio 2.37 2.48 2.45 3.15 3.90
Last Ten Fiscal Years
Wastewater Revenue Bond Coverage (Continued)
City of Redding
Fiscal Year Ending
237 Packet Pg. 712 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2015-16 2016-17 2017-18 2018-19 2019-20
Operating revenue $ 16,860,160 $ 18,549,702 $ 22,017,718 $ 22,346,030 $ 23,787,534 Other revenue** 149,471 137,769 141,212 145,516 151,785 Interest revenue 439,975 77,297 122,970 1,364,769 1,238,316 Adjusted revenue 17,449,606 18,764,768 22,281,900 23,856,315 25,177,635 25% of adjusted revenue 4,362,402 4,691,192 5,570,475 5,964,079 6,294,409 Actual connection fees 985,803 961,572 775,752 543,546 819,035 Allowable connection fees 985,803 961,572 775,752 543,546 819,035 Total revenue 18,435,409 19,726,340 23,057,652 24,399,861 25,996,670 Operating expense (16,224,118) (17,486,280) (18,285,529) (18,381,575) (18,456,013) Add back depreciation/amortization 3,425,653 3,421,610 3,449,869 3,504,227 3,523,021 Net operating expense (12,798,465) (14,064,670) (14,835,660) (14,877,348) (14,932,992) Net water revenues* $ 5,636,944 $ 5,661,670 $ 8,221,992 $ 9,522,513 $ 11,063,678 Total debt service $ 768,100 $ 770,500 $ 711,900 $ 704,700 $ 731,200 Debt coverage ratio 7.34 7.35 11.55 13.51 15.13
* Excludes interest expense and gain/loss on disposal of assets. ** Excludes capital grants.

Fiscal Year Ending
City of Redding
Water Revenue Bond Coverage
Last Ten Fiscal Years
238 Packet Pg. 713 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2020-21 2021-22 2022-23 2023-24 2024-25
Operating revenue $ 26,296,180 $ 25,279,631 $ 24,381,200 $ 27,464,222 $ 33,276,901 Other revenue** 156,454 174,432 722,459 317,867 128,097 Interest revenue 113,638 (1,605,195) 579,629 2,580,761 2,301,857 Adjusted revenue 26,566,272 23,848,868 25,683,288 30,362,850 35,706,855 25% of adjusted revenue 6,641,568 5,962,217 6,420,822 7,590,713 8,926,714 Actual connection fees 1,062,722 913,210 1,542,997 1,527,222 1,486,109 Allowable connection fees 1,062,722 913,210 1,542,997 1,527,222 1,486,109 Total revenue 27,628,994 24,762,078 27,226,285 31,890,072 37,192,964 Operating expense (19,819,040) (20,142,960) (21,849,404) (22,997,018) (23,377,347) Add back depreciation/amortization 3,670,489 3,928,806 4,102,715 4,105,646 4,081,052 Net operating expense (16,148,551) (16,214,154) (17,746,689) (18,891,372) (19,296,295) Net water revenues* $ 11,480,443 $ 8,547,924 $ 9,479,596 $ 12,998,700 $ 17,896,669 Total debt service $ 731,200 $ 730,200 $ 733,200 $ 1,594 $ - Debt coverage ratio 15.70 11.71 12.93 8154.77 0.00
Fiscal Year Ending
City of Redding
Water Revenue Bond Coverage (Continued)
Last Ten Fiscal Years
239 Packet Pg. 714 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Funds Debt
Available Available for Service
Fiscal Year Revenue Expense Reserves Debt Service Coverage 2015-2016 158,250,632 122,455,892 63,410,359 99,205,099 14,941,042 6.64 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 2024-2025 176,382,288 144,936,816 72,996,573 104,442,045 14,299,520 7.30 Source: Electric Utility Bond Disclosure Reports
Debt Service
City of Redding
Electric Revenue Bond Coverage
Last Ten Fiscal Years
240 Packet Pg. 715 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Personal Income Per Capita Unemployment
Fiscal Year Square Miles (1) Population (2) (thousands of dollars) Personal Income (3) Rates (4) 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 2,230,256 24,120 5.10
2023-2024 61.94 92,446 5,328,310 57,637 5.40
2024-2025 61.94 93,534 5,391,019 * 5.50 57,637
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.
*Estimated statistics for 2023 last updated November 2024. 2024 table to available at time of publication City of Redding
Demographic Statistics
Last Ten Fiscal Years
241 Packet Pg. 716 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) Percentage Percentage
of Total Area of Total Area
Employer Employees Rank Employment Employees Rank Employment Mercy Medical Center 2,239 1 2.92% 1 2.44% 1,832
Shasta County 1,779 2 2.32% 2 2.33% 1,750
City of Redding ** 3 1.25% 961 3 1.50% 1,129
Shasta Regional Medical Center 4 0.89% 679 4 1.14% 856
CA Transportation Department 5 0.78% 599 5 0.88% 633
Shasta Union High School District 6 0.76% 582 8 0.54% 406 Shasta Community College * 7 0.68% 521 9 0.47% 352
Shasta Community Health 8 0.65% 500
Redding Rancheria 9 0.48% 366 6 0.70% 523
Win River Casino 10 0.46% 351 0.60%
Wal-Mart 7 450
Blue Shield of California 10 0.44% 330
Total 8,577 8,261
* Full-time equivalent budgeted positions. This includes employees who work outside of the City. ** Full-time budgeted positions
In 2024-25 there were 908 full-time and 337 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
2025 2016
242 Packet Pg. 717 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Governmental Funds
General government 41 41 40 40 41 41 41 41 43 43
Police 135 135 136 136 143 142 155 153 175 175
Fire 85 85 76 76 79 79 97 97 112 112
Public works 49 49 49 49 50 50 49 49 53 53
Planning 25 25 26 26 26 26 34 34 37 36
Recreation and culture 21 21 22 22 24 25 33 34 35 35
Community development 10 10 12 12 13 13 14 14 18 18
Internal Service 71 72 76 76 78 79 92 92 97 97
Total Governmental 437 438 437 437 454 455 515 514 570 569 Business-Type Funds
Electric 180 180 181 181 180 180 189 189 199 199
Water 28 28 29 29 30 31 30 30 31 31
Wastewater 36 36 36 36 37 37 39 39 43 43
Storm Drainage 5 5 5 5 6 6 6 6 6 8
Solid Waste 79 79 82 82 85 85 88 88 93 97
Transportation 7 7 7 7 6 6 11 11 14 14
Convention center - - - - - - - - - -
Total Enterprise 335 335 340 340 344 345 363 363 386 392 Total Budgeted Positions 772 773 777 777 798 800 878 877 956 961 City of Redding
Full -Time City Budgeted Employees by Function/Program
Last Ten Fiscal Years
Budgeted Full-time Employees
at June 30,
243 Packet Pg. 718 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
244 Packet Pg. 719 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Police
Stations 1 1 1 1 1 1 1 1 1 1
Patrol units 45 45 46 46 45 45 45 45 55 53
Fire stations 8 8 8 8 8 8 8 8 8 8
Public works
Streets (miles) 469 469 442 456 460 446 446 449 454 454 Streetlights 8,086 8,204 8,376 8,446 8,876 8,603 8,724 8,874 8,961 9,109 Recreation and culture
Maintained trails (miles) 68 39 39 39 39 40 41 41 41 41 Parks acreage (improved) 636 620 598 598 598 598 598 598 598 489 Parks acreage (unimproved) 487 460 443 443 457 457 457 457 457 297 Electric
812 812 815 818 822 824 824 831 833 837
Water
Length of water mains 558 559 557 558 565 566 564 559 558 555 Wastewater
Sewer lines (miles) 433.2 433.5 432.6 434 436 439 440 442 443 443 Solid waste
Collection trucks 38 37 38 39 39 39 40 41 42 42
Storm drainage
Length of system (miles) * 397 397 393 393 391 391 391 393 390 392 Catch basins* 6,590 6,594 6,593 6,646 6,748 6,748 6,745 6,799 6,967 7,022 Transportation
Buses 20 20 18 18 18 18 18 35 36 41
*
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,
245 Packet Pg. 720 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2016 2017 2018 2019 2020
Police
Calls for service 96,436 95,233 100,562 87,389 85,638
Felony arrests 2,259 2,245 2,526 2,209 2,108
Misdemeanor arrests 6,039 7,860 7,674 5,958 6,897
Total arrests 8,298 10,105 10,200 8,167 9,005
Fire
Fire, explosion 476 418 485 495 451 *
Rescue, emergency medical call 8,131 8,502 8,907 8,569 8,504 * Fire safety inspections 3,661 3,500 2,796 2,756 2,087 * Public works
Miles of roadway resurfaced 7.0 4.0 5.0 1.4 2.5
Miles of roadway slurry sealed 18.0 - - 14 21.5
Planning
Number of building permits issued 3,813 4,107 4,223 4,123 6,301 Recreation and culture
Recreation division programs 2,650 ** 1,073 929 841 636 Program participants 13,793 ** 12,887 12,917 12,586 11,576 Redding Aquatic Center attendees - 22,626 22,193 12,899 18,505 ** Special events programs - 94 71 118 25 **
Special events attendance - 24,962 20,998 21,384 12,830 ** Community development
Number of households assisted (rental assistance) 1,556 1,542 1,514 1,513 1,531 Owner occupied loans made for rehabilitation/purchase 17 17 12 6 10 Rental loans/grants for rehabilitation/purchase 1 1 5 9 9 Electric
Electric customers billed monthly 44,039 44,233 44,304 44,264 44,566 Average sustained outages per customer per year 0.38 0.53 0.42 0.86 0.87 System average retail rates 16.7 16.8 16.7 16.5 14.9
Water
Water produced (acre ft.) 20,411 21,674 25,656 24,053 25,337 Wastewater
Totals household equivalents served 42,209 46,079 43,526 43,550 43,114 Clear Creek dry flow 5.7 5.9 5.9 5.3 6.3
Stillwater dry flow 1.9 2.1 2.3 2.1 2.5
Storm drainage
Percentage of inlets cleaned/maintained (annually) 4.0% 4.0% 4.0% 4.0% 4.0% Solid \waste
Total waste collected (tons) 82,985 86,826 86,942 87,849 93,339 Recyclables sales (tons) 7,860 8,897 10,282 9,538 9,799 Transportation
Airport passenger movements/enplanements 35,844 48,048 42,723 47,833 42,136 RABA bus passengers 664,367 679,527 659,562 575,978 513,618 * 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
City of Redding
Operating Indicators by Function/Program
Last Ten Fiscal Years
Function/Program
Fiscal Year Ended June 30,
246 Packet Pg. 721 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 2021 2022 2023 2024 2025
Police
Calls for service 87,959 83,504 90,361 111,249 104,014
Felony arrests 2,325 2,234 2,152 2,128 1,978
Misdemeanor arrests 8,519 7,045 6,337 8,468 7,745
Total arrests 10,844 9,279 8,489 10,596 9,723
Fire
Fire, explosion 641 534 402 399 392 *
Rescue, emergency medical call 9,116 8,999 9,353 8,703 10,094 * Fire safety inspections 1,900 982 1,238 923 907 *
Public works
Miles of roadway resurfaced 2.8 1.8 5.2 7.1 2.2
Miles of roadway slurry sealed 11.0 - 13 - 26
Planning
Number of building permits issued 5,844 4,688 4,285 3,918 4,025 Recreation and culture
Recreation division programs 652 703 731 734 794
Program participants 9,438 7,683 9,449 17,313 15,310
RAC Attendees 300 8,019 17,517 17,517 16,672 **
Special events programs 11 6 32 32 127 **
Special events attendance 3,756 2,306 7,576 8,232 10,713 ** Community development
Number of households assisted (rental assistance) 1,502 1,511 1,798 1,789 1,860 Owner occupied loans made for rehabilitation/purchase 2 - - - - Rental loans/grants for rehabilitation/purchase 8 8 - 1 2 Electric
Electric customers billed monthly 44,881 44,981 45,108 45,413 45,607 Average sustained outages per customer per year 0.49 0.47 0.45 0.54 0.04 System average retail rates 16.3 16.4 16.9 17.6 18.3
Water
Water produced (acre ft.) 26,897 23,846 20,875 22,789 24,181 Wastewater
Totals household equivalents served 43,955 40,210 43,190 43,624 44,117 Clear Creek dry flow 6.1 5.9 4.8 7.2 6.5
Stillwater dry flow 2.4 2.2 2.2 2.6 2.3
Storm drainage
Percentage of inlets cleaned/maintained (annually) 4.0% 4.0% 4.0% 4.0% 4.0% Solid \waste
Total waste collected (tons) 98,433 96,883 93,003 90,817 88,590 Recyclables sales (tons) 9,415 9,053 8,333 9,139 9,073
Transportation
Airport passenger movements/enplanements 46,138 48,209 92,848 91,194 91,303 RABA bus passengers 330,690 360,044 406,268 501,689 474,111 * 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
City of Redding
Operating Indicators by Function/Program (Continued)
Last Ten Fiscal Years
Function/Program
Fiscal Year Ended June 30,
247 Packet Pg. 722 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
248 Packet Pg. 723 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025)

SUPPLEMENTAL

HISTORICAL INFORMATION
Packet Pg. 724 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) This page intentionally left blank
250 Packet Pg. 725 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 251

STATEMENT OF PHYSICAL CONDITION OF

AIRPORT ASSETS
Redding Regional Airport (RDD)
The Redding Regional Airport is a non-hub primary commercial air service airport operated by the City of Redding and located in Redding, California. The Redding Regional 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; 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 area for RDD spans an eight-county region with a population of approximately 450,000 people about 50% of which are located within a 50-mile radius of the airport itself. Fixedbased operators (FBOs) provide a wide range of services including general aircraft frame and engine maintenance, as well as avionics, charter services, sales of aircraft, flight instruction, and sales of fuels, lubricants, and accessories. Medical helicopter services and helicopter charters, repairs, and sales, are also available. Currently, four brand-name car rental agencies are available to serve the traveling public, three are on-site in the passenger terminal building, as well as new app-based options for ground transportation.

There are thirty-six permanently assigned tie-downs, seventy-five 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 recorded aircraft operations recorded by the Air Traffic Control Tower during its hours of operation, which varied due to inconsistent staffing by the contract air traffic control tower service provider, and in the same period recorded 91,228 passenger enplanements. Year-todate figures for FY25 are trending comparable to 2023 passenger enplanement counts and less than FY24 even with air service discontinuing for 28 days due to the runway construction project. RDD reported the busiest passenger traffic on record during the months of June, July, and August 2025. The Denver flight, added to the schedule in May 2025, was experiencing load factors in the 90 percent range prior to the shutdown of the runway.

RDD anticipates a bounce-back of passenger activity approaching the holiday season and for the remainder of 2025.

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 well as space for airport concessionaires currently comprised of two dining vendors and four rental car vendors. There is a newly resurfaced 333-space public automobile parking lot, as well as a 77-space for rental car lot, adjacent to the terminal building. The passenger terminal aircraft parking ramp is capable of receiving six medium-size jet aircraft at one time. The airport property includes a total of 1,503 acres.

The newly paved primary runway (17/35) is 7,003 feet in length and 150 feet wide with lighted distanceremaining markers. It also has a medium-intensity approach lighting system with runway alignment indicator lights (MALSR), a Category I instrument landing system (ILS) on Runway 35, runway-end identifier lights on Runway 17, precision approach path indicator lights (PAPIs), a back-course instrument landing system on Runway 17, a global position system (GPS/RNAV) approach, and a VHF omni-directional range (VOR) with distance-measuring equipment (DME) for Runway 35. The crosswind runway (13/31) is 5,067 feet long and 150 feet wide and is equipped with PAPIs for Runway 31.

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 lighted 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. 726 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 252
facility is operated by Cardan Aviation Services which operates the facility as a full-service FBO providing aircraft fuel, maintenance, equipment sales as well as sublicensing 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 second 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).

Packet Pg. 727 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 253

HISTORY AND STATEMENT OF PHYSICAL CONDITION OF

ELECTRIC UTILITY SYSTEM ASSETS
History
Electric service in Redding was started before 1900 by a private utility, the Redding Electric Light and Power Company, which obtained electric power from a small hydroelectric 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 operation. Shortly thereafter, the Keswick Company acquired the capital stock of the Redding Electric Light and Power Company. Subsequently, on March 13, 1902, the Northern California Power Company was incorporated, and proceedings were initiated to acquire control of all properties of the Keswick Company through an exchange of stock. 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 merger 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 operation. As a result, in 1916, a municipal streetlighting system was established. Soon after the municipal street-lighting system began operation, a movement was started for the City of Redding to purchase the electric distribution system from the Northern California Power Company Consolidated, and preliminary negotiations were initiated.

During the negotiations between the City and the Northern California Power Company Consolidated, PG&E acquired the Northern California Power Company Consolidated. The 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 operation, Redding’s Electric Utility (REU) has consistently 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 customers in an area of approximately 61 square miles, with 72 miles of 115-kV lines and 767 miles of overhead and underground 12-kV distribution lines. The City is proud of its record over the past five years of 99.9935 percent electric service availability to its customers.

Redding is interconnected with the Northern California 230-kV power grid at two points - Western Area Power Administration’s (Western) Keswick Switchyard and the Western/Redding 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 interconnect 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 completed on August 15, 2008. The Stillwater 115- kV transmission project began construction in April 2012 and was completed on April 20, 2017. The City’s current distribution system consists of eleven 115/12-kV distribution 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 reliable radial-type system designed to serve all customers from another feeder if the normal source is experiencing a problem.

Packet Pg. 728 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 254
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 2024-25 was slightly below average, with Western providing

25.5% of the City’s system load. Western’s power is generated at Shasta Dam and 11 other facilities, which are a part of the Central Valley Project (CVP). Redding also relies on 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 September 3, 1986. In August 1991, the City purchased a 28-MW steam turbine generation project located within 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 allow Redding to take advantage of relatively inexpensive energy, which becomes available from time to time in 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 several other sources of electric power through long-term, purchase-power contracts. Through its membership in a joint powers 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-generated power through the Big Horn Wind I Project (Big Horn). Deliveries for Big Horn began on October 1, 2006.

The City is a member of various organizations and agencies: Balancing Authority of Northern California (BANC), Northern California Power Agency (NCPA), M-S-R, Transmission Agency of Northern California (TANC), and Western Systems Power Pool (WSPP). The City contracted for and developed various power generation and transmission resources through these affiliations, including partial ownership of the San Juan coalfired generating station, the Desert Southwest Transmission Project, and the California-Oregon Transmission Project. The City and M-S-R divested themselves of their ownership of the San Juan generating station in December 2017 and the Southwest Transmission Project in May 2016, 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-management and energy-conservation programs, including public awareness campaigns, technical conservation assistance, rebates on energy-efficient products and technologies, renewable technologies, and energy-efficient streetlights. In FY 2022, the City developed the Demand-Side Integrated Resource Plan (DSM-IRP) and determined that decarbonization programs (i.e. electrification) were more cost-effective than energy-efficiency programs due to their inherent ability to produce downward rate pressure from the increased retail load. The electrification rebate programs, which help reduce carbon emissions by including incentives for switching appliances 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.

Packet Pg. 729 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 255
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
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
2025 39,089 6,502 45,591
Source: Utility Billing System Marketing Report of Quarterly NAICS Usage.

The total number of electric system customer accounts increased 1.6 percent during the last five years.

Packet Pg. 730 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 256

HISTORY AND STATEMENT OF PHYSCAL CONDITION OF

STORM DRAINAGE UTILITY SYSTEM ASSETS
History
The City Council established the Storm Drainage Utility on September 21, 1993. The utility is part of the Public Works Department. Responsibilities include monitoring, maintaining, and cleaning the storm drainage networks of the City.

Service Area and Customers
The service area encompasses storm drainage facilities within the 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 table provides an overview of the storm drainage system as of June 30, 2025:

Workload and Performance
Measures 2020/21 2021/22 2022/23 2023/24 2024/25
Miles of Storm Drain Pipe 191 191 198 191 192
Miles of Channels/Ditches 200 200 200 200 200
Miles of Maintained
Channels/Ditches 17 17 17 17 17
Number of Inlets 6,784 6,745 6750 6967 7022
Number of Outfalls 1,337 1,337 1360 1338 1344
The Storm Drainage Utility charges are based on impervious area. An impervious area is one that prohibits the natural drainage of rainwater into the ground (i.e., building, parking lot, etc.). Effective February 4, 2014, the City directed the Shasta County Auditor-Controller to collect the 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 workforce 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 Study in October 1993. A new Operations and Maintenance Plan was prepared in 2003, along with a project update of the 1993 Master Plan, which included a survey of the storm drain system. In 2015, City Council gave direction to proceed with an update to the Citywide Master Storm Drain Study. Engineering anticipates having a consultant provide a focused update to the Master Plan in 2026.

Packet Pg. 731 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 257
The Statewide NPDES Phase II Small MS4 (municipal separate storm sewer system) permit became effective July 1, 2013, with a five-year implementation schedule of increased activities. A trash provision amendment to the Statewide permit was approved in April 2015. While the prevention of trash entering the waterways has multiple benefits, the realities of capturing all trash as small as 5mm in high priority areas (high density residential, industrial, commercial, mixed urban and public transportation stations) will prove to be challenging.

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

Packet Pg. 732 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 258

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 approximately 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 1964, the City added approximately 27 miles of sewer lines, primarily as a result of a series of sewer assessment 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 Utilities District, were annexed to the City. This resulted in the elimination of the existing treatment plants of these districts and consolidated the wastewater treatment and disposal at the City’s Clear Creek Regional Wastewater Treatment 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 plant in 1979. Throughout the years, the plant has undergone process upgrades and expansions with the most recent starting in 2006.

In 1983, the City, Shasta County, and Shasta Dam Area Public Utility District (the “Shasta Dam PUD”) commissioned Ott Water Engineers to prepare a regional sewage study 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. Additionally, significant growth for this area was projected. As a result of this study and analysis of various alternatives, it was determined that an additional wastewater treatment plant on the east side of the City near Stillwater 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 Wastewater 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, and disposal facilities for domestic and industrial sewage serving the City. The system inventory includes over 445 miles of interceptor and trunk sewers, 18 sewage lift stations with two more anticipated to be online in 2026, and two tertiary treatment plants.

The 2022 Master Plan, completed by MCC Engineering includes 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), and effort that has yet to be realized.

Clear Creek Wastewater Treatment Plant
The Clear Creek Wastewater Treatment Plant is located at the confluence 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 include, among other things, the Clear Creek Lift Station, with an estimated effective pump capacity of 40 MGD, primary and secondary clarification, gravity filtration, chlorination for disinfection and sulfonation for dechlorination 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 influent flow exceed the capacity of the secondary Packet Pg. 733 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 259
treatment and filtration processes. Solids handling process include primary and secondary waste sludge streams being mixed, thickened and anaerobically digested. Additional solids treatment can take place in facultative sludge lagoons. A new Biosolids Handling Facility recently completed construction and is now in operation. This facility was designed for future centralization of biosolids for both Wastewater Treatment Plants. In 2005, the City Council had authorized modifications to the Clear Creek Plant 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 been completed with various improvements recommended, including influent pump station screening and the potential for a PFAS removal treatment.

Gaseous chlorine is used for disinfection and liquid sodium bisulfite has replaced the gaseous sulfur dioxide dichlorination system. Provisions for utilizing sodium hypochlorite to replace the gaseous chlorine dosing system may be considered in the future.

A biosolids biodrying and pyrolysis system will be online in 2025 to eliminate landfill disposal of biosolids.

Stillwater Regional Wastewater Treatment Plant
The Stillwater Regional Wastewater Treatment Plant is located on 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 plant in stages to treat an average dry weather flow capacity to 8 MGD and a peak wet weather flow capacity to 24 MGD. 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 of 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 Lagoons and drying beds, currently under construction and anticipated to be online in late 2025. Gaseous chlorine is used for disinfection and liquid sodium bisulfite has replaced the gaseous sulfur dioxide dichlorination system. Provisions for utilizing sodium hypochlorite to replace the gaseous chlorine dosing system may be considered in the future.

Environmental Compliance
The discharge requirements for the wastewater system are established by the State of California Water Resources Control Board, Central Valley Region (the “Regional Board”) which administers and enforces all Federal and 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 present discharge permit was adopted in 2022, due Packet Pg. 734 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 260
for renewal in 2027. The Stillwater Wastewater system permit was adopted in 2023 and is due for renewal in 2028.

The City is responsible for satisfying these Federal and State-mandated discharge requirements. The requirements include provisions requiring the City to comply with 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 requirements, 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 the five fiscal years ending June 30, 2024. One household equivalent (HE) is the quantity of wastewater produced in the City of Redding by an average singlefamily 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.

Historical Residential and Commercial/Industrial Household Equivalents 2020/21 2021/22 2022/23 2023/24 2024/25
Residential HEs 32,904 33,078 33,140 33,395 33,590
Commercial/Industrial HEs 10,894 11,132 10,171 10,171 10,527 Total System HEs 43,798 44,210 43,674 43,625 44,117
Annual System Growth 1.6% 1.0% 1.0% 1.01% 1.13%

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 September) 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, 2025 2020/21 2021/22 2022/23 2023/24 2024/25
Clear Creek Plant 6.1 5.9 6.1 7.2 6.5
Stillwater Plant 2.4 2.2 2.16 2.6 2.3
Total Wastewater System 8.5 8.1 8.26 9.75 8.8
Packet Pg. 735 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 261

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 rights, 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 operation of the water system, the City's population has grown from approximately 7,500 to 90,600. This growth includes 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 13,500 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 (USBR 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 Contract” permits renegotiation at any time for more or less water subject to need and availability of water in the river. 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 2024/25 per acre-foot for Project Water under this contract total $51.90 ($25.23 water cost and $26.67 restoration charge).

These entitlements were subject to renegotiation by mutual agreement in 1985, as they were in 1975 when no change occurred, and the annual entitlement is subject to reduction in "Critical Water Years." In 1992, 2007, 2014, 2015, 2020, and 2021 the Bureau decreased the Redding contract 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 District facilities and the rights to a 1964 USBR contract. In February 1971, the City executed a new USBR contract to serve the Buckeye service area. In November 1994, the City amended this contract with the Bureau to 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 contract with the Bureau of Reclamation, which was converted in 2020 to a perpetual contract as part of the federal Water Infrastructure Improvements for the Nation (WIIN) Act, provides Redding with 6,110 acre-feet of water per year. Prior to 2022, the contract amount was 6,140 acre-feet, but 30 acre-feet was transferred to the City of Shasta Lake to serve customers in the “Summit City” pressure zone as per a mutual action agreed to in 2004 by the two cities. Water charges in 2024/25 total approximately $77.72 per acre-foot ($25.74 average water cost, $26.67 restoration, and a $25.31 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 inline filtration following the existing sedimentation basin and a 6 million gallon (MG) covered storage reservoir. Both these additions were needed to meet the requirements of the State of California, Department of Public Health, Division of Drinking Water, and Environmental Management.

Packet Pg. 736 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 262
Performance Measures and Workload Indicators
The Water Utility Staff has met the established goals, with the majority of the workload objectives being accomplished:

ACTIVITY 2020/21 2021/22 2022/23 2023/24 2024/25
Number of customers/services 30,250 30,427 30,649 30,830 31,046 Number of new meter sets 188 104 223 151 214
Quantity of water produced
(acre feet) 26,897 23,846 20,875 21,841 24,431
Percentage of days water quality met
standards 100% 100% 100% 100% 100%
Number of service calls
(Includes water quality) 4,143 3,063 3,799 3,709 3,083
Miles of water mains 566 564 560 558 554
Number of main and water service
failures/disruptions per year 229 219 263 194 260
Miles of substandard mains 42 42 42 42 40
Customers/service connections per
employee 1,031 1,049 1,022 1,028 1,035
Current System
Buckeye Zone
The Buckeye Water District water system was acquired by the City of Redding in 1967 following dissolution of that District. Water supply for that District was extremely limited. 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 Station No. 3, located at the foot of North Market Street hill, and Pump Station 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. One 2 MG steel tank is in service with an overflow elevation of 955 feet above mean sea level (msl). The 200,000-gallon steel tank at that location was taken out-ofservice in 2024 due to the dilapidated roof and poor condition of the tank. In 2002, an additional 4 MG reservoir was constructed ¼ mile east of the Buckeye 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 and is located in unincorporated Shasta County, off Benson Drive, north of Rock Creek Road. The water treatment plant receives ‘raw’ water from the USBR Spring Creek Conduit between Whiskeytown Lake and Keswick Lake.

Treated water is conveyed from the treatment plant and across Keswick Dam 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) regulations, including the 1986 & 1996 Safe Water Drinking Act amendments. The treatment plant also meets all the requirements of the California State Water Resources Control Board, Division Packet Pg. 737 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 263
of Drinking Water, and Environmental Management. (State regulatory authority was transferred from the California Department of Public Health to the California State Water Resources Control Board during the summer of 2014.)
Foothill and Hill 900 Zones
Construction of Redding’s Foothill Water Treatment Plant (FWTP) was completed in September 1981. The treatment plant consists of pre-chlorination and chemical treatment followed by filtration 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 House No. 1 Fish Screen Retrofit Project was completed to meet the requirements of the CAL-FED Anadromous 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 control. 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, and one 4 MG steel tank at Foothill Blvd, each with an overflow elevation of 743 feet msl.

2. One 2 MG pre-stressed concrete tank and one 2 MG steel tank 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 reservoirs. The Hill 900 Zone is served by Pump Station No. 2, which is located at the treatment plant and is taking suction from the 48-inch main served by the 6 MG reservoir. An additional booster pump was added to the El Reno 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 into the City of Redding. Shortly after this, responsibility for the Enterprise 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 Enterprise 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 Cascade Zone. In 1991, another 2 MGD capacity well was added to the Enterprise 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 groundwater wells. Two additional 2 MGD capacity wells were added 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 manganese annoyances and chlorine is used for disinfection.

The main storage reservoirs are located above the Quail Ridge Subdivision 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.

Packet Pg. 738 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025) 264
Hilltop-Dana Zone
The Hilltop-Dana pressure zone is located north of Highway 44 and 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 over 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 connecting 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 Company serving the Westwood Manor Subdivision located off State Route 273 south. The subdivision is currently being supplied water from the FWTP through two 8-inch interconnections. Storage to the Cascade Zone is provided by a 1 MG steel tank located off Kenyon Drive and a 2 MG steel 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 maintenance 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 are needed. The City of Redding maintains a Water Master Plan, most recently updated in 2023; revisions to the system are programmed, designed, and installed in accordance with this plan.

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

Packet Pg. 739 Attachment: FY2024-25 City of Redding ACFR FYE 2025 (9.10(a)--Annual Comprehensive Financial Report-year ended June 30, 2025)

CITY OF REDDING

REPORT TO THE CITY COUNCIL
Recommendation
Authorize and approve the following relative to the City of Redding’s COVID-19 Economic Stimulus Package projects:
(1) Ratify approval of City Manager award for the Corporation Yard HVAC Upgrade (C19- M-05) to Ray Mac Mechanical, Inc. in the amount of $342,450; and (2) Accept the final Project Status Report.

Fiscal Impact
The City Council (Council) previously approved an allocation of $9 million in Greenhouse Gas (GHG) Cap-and-Trade auction proceeds for projects that provide energy savings benefits to the City of Redding (City). A cost summary for the program is provided in the table below. There is no fiscal impact to the General Fund.

Cost Summary
Item Completed In Progress Estimated Total
Project Development Costs (Staff) $650,000 - $650,000
Contract Admin., Inspection, Testing (Staff) $1,550,000 $190,000 $1,740,000 Construction Contracts & Purchase Orders $4,054,000 $615,000 $4,669,000 Construction Contingency - $150,000 $150,000
Consultant Contract $1,240,816 - $1,240,816
Total Program Costs $7,494,816 $955,000 $8,449,816
Total Program Budget $9,000,000
Remaining Balance (rounded) $550,000
Project cost components are estimates, and funds may be reallocated among project development, construction management, and construction contingency categories as needed to remain within the estimated total.

MEETING DATE: February 3, 2026
ITEM NO. 9.11(d)
FROM:
***APPROVED BY***
[email protected] [email protected]
SUBJECT: 9.11(d)--Consider final update to COVID-19 Economic Stimulus Package Projects.

Michael Webb, Public Works
Director/Interim Asst. City
Manager
Packet Pg. 740
Report to Redding City Council January 28, 2026
Re: 9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects Page 2 To maximize the use of these remaining unencumbered GHG funds, REU intends to bring a future agenda item to Council requesting authorization to allocate these funds to the Energy Procurement Program for renewable energy purchases until the balance is exhausted.

Alternative Action
The Council may choose not to accept the final Project Status Report and provide further direction to staff.

Background/Analysis
On April 21, 2020, the Council unanimously approved the City’s Economic Response Plan.

Included in the plan, is the allocation of $9 million in Cap and Trade auction proceeds to be used for several projects associated with the Local Economic Stimulus Package that equates to a savings in energy costs for the City. On May 5, 2020, the Council authorized the City Manager to execute agreements, purchase orders, and contracts associated with the program to ensure an expedited delivery schedule. The Council also directed staff to provide regular status updates of the program and ratify all City Manager awards.

As directed by the City Manager, staff has endeavored to break up most of the work into smaller contracts, with values lower than $500,000, with the idea that local contractors and vendors will compete better due to lack of mobilization costs and other local advantages. However, the City has limited control because these are Public Works contracts and must be awarded to the lowest responsible and responsive bidder in accordance with State of California law.

To date, staff has awarded 19 projects totaling approximately $4.7 million. Project types, construction contract costs, and amounts awarded to local contractors are summarized in the table below.

Project Type & Status
No.

Projects
Construction
Contract Costs
Awarded to Local
Contractors
HVAC
Completed 2 $193,263 $193,263
In Progress 2 $870,013
Lighting
Completed 5 $548,549 $13,000
Plumbing
Completed 2 $25,809 $25,809
In Progress 1 $246,323
Solar
Completed 2 $470,968 $470,968
Stadium Lighting
Completed 3 $2,298,279 $1,070,338
Windows
Completed 1 $15,526 $15,526
Totals (rounded) 19 $4,669,000 $1,790,000
Packet Pg. 741
Report to Redding City Council January 28, 2026
Re: 9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects Page 3 Staff determined that five projects should not be completed under this program following preliminary evaluation due to uncertainties related to future facility plans or insufficient budget.

These projects include HVAC upgrades at the Caldwell Park Recreation Center; solar and roof replacements at Fire Stations 1 and 3; window replacements at most fire stations; and solar power generation and HVAC upgrades at the Civic Auditorium. If needed, these projects may be completed in the future as separate capital improvement projects.

The attached Project Status Report provides additional detail on project status and costs. All projects that will be completed under this program have been awarded or are currently in the construction phase. Three projects remain under construction, including pumping upgrades at the Aquatic Center, ventilation and air conditioning (HVAC) improvements at City Hall, and the recently awarded HVAC upgrade project at the Corporation Yard (see attached internal communication for further details). Staff will return to the Council for closeout of each remaining project, consistent with standard public works procedures.

Environmental Review
Accepting the Project Status Report is not a project as defined by the California Environmental Quality Act (CEQA), and no further action is required. The individual projects within this report may be subject to CEQA and are individually analyzed.

Council Priority/City Manager Goals
• Budget and Financial Management – “Achieve balanced and stable 10-year Financial Plans for all funds.”
• Communication and Transparency – “Improve the quality of communication with the public and City employees to enhance knowledge and increase transparency to improve public trust.”
• Government of the 21st Century – “Be relevant and proactive to the opportunities and challenges of today’s residents and workforce. Anticipate the future to make better decisions today.”
• Economic Development – “Facilitate and become a catalyst for economic development in Redding to create jobs, retain current businesses and attract new ones, and encourage investment in the community.”
Attachments
^Project Status Report
^Internal Communication 9/24/25
Previous Staff Report 04-21-20
Previous Staff Report 05-05-20
Packet Pg. 742
Project # Description Project Type Contract Method
Award/PO
Date
Ratification
Date Contractor
Local Contractor,
Sub, or Supplier? Cost Est Actual Cost
$ to Local
Contractors
Estimated
Completion
Date
Acceptance
Date Project Status

PROJECTS IN CONSTRUCTION
C19-P-03 Aquatic Center Pumping System Upgrade Plumbing Standard Bid 11/30/2023 12/19/2023 Tricon Construction, Inc No $ 250,356 $ 246,323 $ - 4/1/2026 Construction scheduled to start January 2026.

C19-M-03 Upgrade HVAC at City Hall HVAC Standard Bid 2/5/2025 3/18/2025 Jessee Heating and Air No $ 368,000 $ 527,563 $ - 2/15/2026 Contractor completing testing and punch-list items.

C19-M-05 Upgrade HVAC at Corp Yard HVAC Standard Bid 9/29/2025 2/3/2026 Ray Mac Mechanical No $ 409,000 $ 342,450 $ - 5/1/2026 Contractor ordering materials.

PROJECTS COMPLETE
C19-L-01 LED Lighting Retrofit at three Non Profit Buildings at Diestelhorst Landing. Lighting On-Call Contract 6/9/2020 7/21/2020 B&C Yes $ 48,000 $ 13,000 $ 13,000 7/9/2020 7/31/2020 Construction completed.

C19-L-02 LED Lighting Retrofit at Library Lighting Standard Bid 11/19/2020 12/15/2020 Clear Blue Energy Corp. No $ 194,263 $ 53,633 $ - 3/1/2021 2/22/2021 Construction completed.

C19-L-03 LED Lighting Retrofit at Corp Yard Lighting Standard Bid 12/15/2020 1/19/2021 Fluoresco Services, LLC No $ 391,117 $ 137,294 $ - 6/22/2021 8/6/2021 Construction completed.

C19-L-04 LED Lighting Retrofit at City Hall and Police Station Lighting Standard Bid 8/2/2021 8/17/2021 Fluoresco Services, LLC No $ 519,000 $ 189,367 $ - 10/1/2022 9/20/2022 Construction completed.

C19-L-05
LED Lighting Retrofit at Various Locations (Aquatic Center, Caldwell Park, Fire Stations, MLK Jr Center, Enterprise Park, Old City Hall, Senior Citizens Hall, and California Soccer Park)
Lighting Standard Bid 6/2/2022 6/21/2022 Advanced Lighting Services, Inc.

No $ 386,077 $ 145,255 $ - 1/31/2023 2/1/2023 Construction completed.

C19-L-06 LED Lighting Retrofit at Civic Auditorium Lighting Standard Bid 11/23/2021 12/21/2021 Fluoresco Services, LLC No $ 162,111 $ 10,000 $ - - Canceling contract due to delays. Building Maintenance staff will replace lights with LEDs as needed.

C19-PO-01 Sourcewell purchase order for stadium lighting (Equipment Only) at Alta Mesa Park, Softball Park, South City Park, Buckeye Park, and Caldwell Park Stadium Lighting Purchase Order (Equipment Only) 7/16/2020 7/21/2020 Musco No $ 1,227,941 $ 1,227,941 $ - 12/31/2022 2/8/2023 Purchase order with Musco for equipment. Projects complete.

C19-LS-01
Installation of City purchased stadium lighting equipment at Alta Mesa Park, Softball park, South City Park Kiwanis 1, and Tiger Field Stadium Lighting Standard Bid (Installation Only) 3/31/2021 4/20/2021 Builders Solutions, Inc. Yes $ 465,014 $ 750,691 $ 750,691 12/31/2022 2/8/2023 Construction completed.

C19-LS-02 Installation of City purchased stadium lighting equipment at Buckeye Park and Caldwell Park
Stadium Lighting Standard Bid
(Installation Only) 2/17/2021 3/16/2021 Builders Solutions, Inc. Yes $ 341,500 $ 319,647 $ 319,647 4/25/2022 5/10/2022 Construction completed.

C19-P-01 Replace Water Heaters in Fire Stations 2, 3, 4, and 6 Plumbing On-Call Contract 6/30/2020 7/21/2020 American Leak Detection Yes $ 49,000 $ 13,050 $ 13,050 9/16/2020 10/2/2020 Construction completed.

C19-P-02 Replace Laundry Facilities in Fire Stations 2, 3, 5, 7, and 8 Plumbing On-Call Contract 6/25/2020 7/21/2020 American Leak Detection Yes $ 17,000 $ 12,759 $ 12,759 9/16/2020 10/2/2020 Construction completed.

C19-M-01 Replace HVAC Units in Fire Stations 1,2,4,6 HVAC On-Call Contract 6/9/2020 7/21/2020 ACCO Yes $ 92,109 $ 95,278 $ 95,278 12/1/2020 11/30/2020 Construction completed.

C19-M-02 Replace HVAC Units in Old City Hall HVAC On-Call Contract 6/15/2020 7/21/2020 ACCO Yes $ 135,755 $ 97,985 $ 97,985 1/20/2021 1/13/2021 Construction completed.

C19-S-01 Solar PV at Fire Stations 7 & 8 Solar Standard Bid 9/29/2021 10/19/2021 B & B Solar Inc. Yes $ 100,529 $ 98,900 $ 98,900 8/1/2023 9/22/2023 Construction completed.

C19-S-02 Solar PV & Replace Roofs at Various Fire Stations (Stations 2, 4, 5, and 6) Solar Standard Bid 11/23/2021 12/21/2021 Harbert Roofing, Inc. Yes $ 525,610 $ 372,068 $ 372,068 9/8/2023 12/18/2023 Construction Completed.

C19-W-04a Replace Windows at Fire Station 5 Windows On-Call Contract 3/1/2023 12/19/2023 Harbert Roofing, Inc. Yes $ 16,000 $ 15,526 $ 15,526 12/31/2023 12/22/2023 Construction Completed.

Total $ 5,698,382 $ 4,668,729 $ 1,788,904

PROJECTS DETERMINED TO NOT INCLUDE IN EEERP
C19-M-04 Upgrade HVAC at Caldwell Park Rec Center HVAC Standard Bid $ 120,000 NA Future of Rec Center and ownership unkown. Project will not be included in EEERP program.

C19-S-03 Solar PV & Replace Roofs - Fire Stations 1 and 3 Solar Standard Bid $ 250,000 NA Future plan for these fire stations is unkown. Project will not be included in EEERP program.

C19-W-04b Replace Windows at Fire Stations 1, 2, 3, 4, and 6 Windows Standard Bid $ 153,000 NA Future plans and improvements for the fire stations are unkown.

Project will not be included in EEERP program.

C19-M-06 Replace HVAC at Civic Auditorium HVAC Standard Bid $ 3,500,000 NA Insufficient budget. Project will not be included in EEERP program.

C19-S-04 Install Solar and Replace Roof at Civic Auditorium Solar Standard Bid $ 1,600,000 NA Potentially insufficient budget. Project will not be included in EEERP program.

Energy Efficiency Economic Response Plan (EEERP) Project Status Report Packet Pg. 743 Attachment: ^Project Status Report (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Packet Pg. 744
Attachment: ^Internal Communication 9/24/25 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Packet Pg. 745
Attachment: ^Internal Communication 9/24/25 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Packet Pg. 746
Attachment: ^Internal Communication 9/24/25 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Packet Pg. 747
Attachment: ^Internal Communication 9/24/25 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Packet Pg. 748
Attachment: ^Internal Communication 9/24/25 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Packet Pg. 749
Attachment: ^Internal Communication 9/24/25 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects)

CITY OF REDDING

REPORT TO THE CITY COUNCIL
Recommendation
Accept the City of Redding Economic Response Plan and provide direction to staff as follows:
(1) Approve deferral of Transient Occupancy Tax (TOT) hotels and motels. (2) Approve modification of existing Community Assistance for Redding Electric Services (CARES) guidelines.
(3) Approve modification of amortization policy for City of Redding utility bills. (4) Approve the refund of all City of Redding utility deposits. (5) Rescind approval of allocation of Cap and Trade funds for the Wildfire Mitigation and Building Electrification programs; approve Cap and Trade auction proceeds to be distributed to electric customers; and adopt Resolution approving and adopting the 32nd Amendment to City of Redding Budget Resolution No. 2019-050 to appropriate a total of $9 million in Greenhouse Gas allotment for utility rebates. (6) Approve adoption of a utility grant program for small businesses utilizing $600,000 of Community Development Block Grant (CDBG) funding.
(7) Economic Stimulus Package
a. Approve additional use of $5 million of Greenhouse Gas allotment and adopt Resolution approving and adopting the 33rd Amendment to City of Redding Budget Resolution No. 2019-050 allocating money for projects designated as providing energy savings for the general fund.
b. Provide direction on projects involving utilities funding and borrowing.

Fiscal Impact
The amount of impact of this proposal depends on the City Council’s (Council) direction for staff. The programs implemented thus far are expected to impact the General Fund due to approximately $500,000 in missed revenue projections. Programs such as modifying the Amortization Program guidelines and deferring Transient Occupancy Tax will reduce reserves in the short term by providing cash flow relief to businesses. Using restricted revenue funds to modify existing CARES program guidelines, and also refunding City of Redding utility deposits MEETING DATE: April 21, 2020
ITEM NO. 9.1(b)
FROM:
***APPROVED BY***
[email protected]
[email protected]
SUBJECT: 9.1(b)--Consider Economic Response Plan related to the Covid-19 pandemic's impact on the City and provide direction regarding mitigation measures.

Barry Tippin, City Manager
Packet Pg. 750 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Report to Redding City Council April 16, 2020
Re: 9.1(b)--Economic Response Plan Page 2
and creating a utility grant program for small business will not impact unrestricted reserves. If the additional utility credit is approved, $9 million in Cap and Trade auction proceeds would need to be allocated, some of which would be reallocated from previously funded projects, to bring the total allocation to $11 million for utility rebates. To complete projects listed in the Local Economic Stimulus Package, $5 million in Cap and Trade auction proceeds would need to be allocated in addition to the $4 million already allocated. The Council could also, through approval of this report, provide direction and identify an amount of money to reserve to pay for any potential borrowing for projects that would be approved through the Local Economic Stimulus Package.

Alternative Action
The Council has multiple options with this report. If it chooses to not accept the report in its entirety, all currently implemented programs would cease and no additional community assistance programming would take place at this time. The Council could choose to accept the report, and therefore all of the currently implemented projects as well, and provide direction to staff regarding which new projects to move forward.

Background/Analysis
The Covid-19 global pandemic has been a health catastrophe causing significant disruption in individual, community and societal norms while devastating the economy. The City of Redding, as the local governmental entity, needs to take bold action in line with the State and Federal Government to not only protect the health and welfare of the individual but also of the economy.

The City of Redding City Council will be presented with a number of proposed initiatives and projects to help individuals and businesses through this difficult time. The attached City of Redding Economic Response Plan is a report detailing programming currently implemented, as well as programming that could be implemented to assist the community. These items are varied in cost and source of funding.

Currently implementing
 Maintain City services
 Suspend Return to Owner fees for impounded animals
 Suspend late fees and interest on payments due to the City of Redding  Suspend City of Redding utility shut-offs due to non-payment  Suspend City of Redding utility payment late fees
 Cap and Trade distribution of $50 to every Redding Electric Utility (REU) account holder
Pending approval
 Deferral of Transient Occupancy Tax payment from hotel and motel businesses  Modify existing –Community Assistance for Redding Electric Services (CARES) program guidelines to provide opportunity for additional financial assistance to qualifying utility customers
 Modify Utilities Amortization program guidelines to extend the amortization period, and extend the program to commercial customers
 Refund City of Redding utility deposits to residential and commercial customers  Additional Cap and Trade distribution of $200 to every REU account holder  Utility grant program for small businesses
 Local Economic Stimulus Package containing multiple projects that will result in local contract work opportunities and energy savings to the City of Redding Packet Pg. 751 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Report to Redding City Council April 16, 2020
Re: 9.1(b)--Economic Response Plan Page 3
Council Priority/City Manager Goals
 Budget and Financial Management – “Achieve balanced and stable 10-year Financial Plans for all funds.”
 Public Safety – “Work to improve all aspects of public safety to help people feel secure and safe where they live, work, and play in the City of Redding.”  Communication and Transparency – “Improve the quality of communication with the public and City employees to enhance knowledge and increase transparency to improve public trust.”
 Government of the 21st Century – “Be relevant and proactive to the opportunities and challenges of today’s residents and workforce. Anticipate the future to make better decisions today.”
 Economic Development – “Facilitate and become a catalyst for economic development in Redding to create jobs, retain current businesses and attract new ones, and encourage investment in the community.”
Attachments
Resolution - GHG Customer Distribution
Resolution - Green House Gas Allotment
COR Economic Response Plan 2020
Packet Pg. 752 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Resolution No. 2020 - ____________

A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE 32ND AMENDMENT TO CITY BUDGET RESOLUTION NO. 2019-050 RESCINDING

APPROVAL OF ALLOCATION OF CAP AND TRADE FUNDS FOR THE WILDFIRE MITIGATION AND BUILDING ELECTRIFICATION PROGRAMS; APPROVE THE APPROPRIATION OF $9,000,000 OF CAP AND TRADE AUCTION PROCEEDS TO BE DISTRIBUTED TO RATEPAYERS FOR FISCAL YEAR 2019-20.

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING THAT Budget Resolution No. 2019-050 be and is hereby amended as follows:

FUND DIVISION DESCRIPTION INCREASE DECREASE
142 854 GHG Customer Distribution $9,000,000
THAT account titles and numbers requiring adjustments by this Resolution are as follows:

USE SOURCE

OF FUNDS OF FUNDS
Decrease in Beginning Balance
142-851-01-0001-01 Beginning Balance $ 1,077,910
Decrease in Cap and Trade Revenues
142-851-01-4400-01 Environmental Attributes $ 2,022,090 Elimination of Building Electrification Project
142-854-8908-98 Building Electrification $ 4,000,000
Elimination of Wildfire Mitigation Project
142-854-8908-99 Wildfire Mitigation $ 1,900,000
Increase in GHG Customer Distribution
142-854-8908-90 GHG Customer Distribution $ 9,000,000
Total $ 9,000,000 $ 9,000,000
THAT the purpose is to rescind approval of allocation of Cap and Trade funds for the Wildfire Mitigation and Building Electrification programs; approve the appropriation of $9,000,000 of Cap and Trade auction proceeds to be distributed to ratepayers for fiscal year 2019-20.

I HEREBY CERTIFY that the foregoing Resolution was introduced at a regular meeting of the City Council of the City of Redding on the 21st day of April, 2020 and was duly adopted at said meeting by the following vote:

Packet Pg. 753 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ADAM McELVAIN, Mayor
ATTEST: FORM APPROVAL:

PAMELA MIZE, City Clerk BARRY E. DeWALT, City Attorney
Packet Pg. 754 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Resolution No. 2020 - ____________

A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE 33RD AMENDMENT TO CITY BUDGET RESOLUTION NO. 2019-050 APPROVE AND APPROPRIATE ADDITIONAL USE OF $5,000,000 OF GREENHOUSE GAS

ALLOTMENT FOR PROJECTS DESIGNED AS PROVIDING ENERGY SAVINGS FOR THE GENERAL FUND FOR FISCAL YEAR 2019-20.

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING THAT Budget Resolution No. 2019-050 be and is hereby amended as follows:

FUND DIVISION DESCRIPTION INCREASE DECREASE
142 854 Energy Efficiency Measures $5,000,000
THAT account titles and numbers requiring adjustments by this Resolution are as follows:

USE SOURCE

OF FUNDS OF FUNDS
Decrease in Beginning Balance
142-851-01-0001-01 Beginning Balance $ 5,000,000
Increase in Energy Efficiency Measures
142-854-8908-96 Energy Efficiency Measures $ 5,000,000
Total $ 5,000,000 $ 5,000,000
THAT the purpose is to approve and appropriate additional use of $5,000,000 of Greenhouse Gas allotment allocating money for projects designed as providing energy savings for the General Fund for fiscal year 2019-20.

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

ADAM McELVAIN, Mayor
ATTEST: FORM APPROVAL:

PAMELA MIZE, City Clerk BARRY E. DeWALT, City Attorney
Packet Pg. 755 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Packet Pg. 756 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) City of Redding Economic Response Plan – April 2020
1 Table of Contents
Executive Summary.......................................................................................................................................2 Plan Elements................................................................................................................................................2 Elements currently implemented .............................................................................................................2 Maintain City Services..........................................................................................................................2 Suspend Return to Owner fees............................................................................................................3 Suspend Late Fees and Interest on City Payments .............................................................................3 Suspend Utility Shut-Off ......................................................................................................................4 Suspend Utility Late Fees.....................................................................................................................4 Distribution of $50 to REU Account Holders.......................................................................................4 Pending the City Council’s approval .........................................................................................................4 Deferral of Transient Occupancy Tax...................................................................................................5 Modify Existing CARES Program Guidelines........................................................................................5 Modify Utilities Amortization Program Guidelines.............................................................................5 Refund City of Redding Utilities Deposits............................................................................................6 Additional Cap and Trade Distribution................................................................................................6 Utility Grant Program for Small Businesses ........................................................................................6 Local Economic Stimulus Package........................................................................................................7 Packet Pg. 757 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) City of Redding Economic Response Plan – April 2020
2 Executive Summary
The Covid-19 global pandemic is a health catastrophe causing significant disruption in individual, community and societal norms. While the direct human suffering owed to the disease itself is horrific, the damage to the economy due to necessary health precautions is equally devastating. The City of Redding (City), as the local governmental entity, needs to take bold action in line with the State and Federal Government to not only protect the health and welfare of the individual but also that of the local economy. The City of Redding City Council (Council) has directed that a plan be developed to assist the community in economic recovery to coincide with the cessation of the pandemic. This report provides detailed information on the various programs that have been developed to help foster the economy through this economic disaster.

Some programs have already been implemented while others still need final approval from the City Council. In brief, the programs are listed below.

Currently implement Plan Element Value
Suspend Return to Owner fees $200
Suspend late fees and interest on City of
Redding payments
$60,000
Suspend City of Redding utility shut-offs Increased Cash Flow Suspend City of Redding utility late fees $425,000
Distribution of $50 to REU account holders $2,200,000
Plan Element Pending approval
Deferral of Transient Occupancy Tax $250,000 Est. deferred Modify existing CARES program guidelines $1,500,000
Modify existing Utilities amortization
program guidelines
Increased Cash Flow
Refund City of Redding utility deposits $3,400,000
Additional Cap and Trade distribution $9,000,000
Utility grant program for small businesses $600,000
Local Economic Stimulus Package $20,000,000
Total Value of City Response Plan Est @ $37,500,000
Plan Elements
Elements currently implemented
Maintain City Services
City services provided to the community are critical in nature and are unable to cease in functionality. A multitude of projects, already in the works, have to continue processing in spite of the pandemic that has affected the nation. In order to keep projects moving forward, and to Packet Pg. 758 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) City of Redding Economic Response Plan – April 2020
3 continue to serve the community in this critical capacity, City departments implemented immediate changes to comply with State and Federal directives. Personnel able to work from home were provided resources to do so. Meetings of large groups of staff and/or the public were eliminated, and preparations were made to provide access to public meetings without further endangering the community. As a result of the rapid response of staff, City services continue to function for the bulk of the community. In spite of the closure of City Hall and the diminished personnel in the Avtech and Corp Yard buildings, and the Transfer Station, critical City services such as police, fire, electric, solid waste removal, water and wastewater maintenance, and parks services still operate to the benefit of the community. Each position, whether working from home or in the office, is a critical component of maintaining the support of these services. Department directors monitor work product and load to ensure the City continues to function efficiently. The City is providing increased availability of cleaning supplies and sanitizing materials to offices and meeting spaces to maintain worker health.

To provide additional relief to residents and business owners, several programming decisions were implemented. Taking into consideration the varied economic status of Redding residents and businesses, the following steps were taken to provide some help financially.

Suspend Return to Owner fees
Effective March 23, 2020, Haven Humane Society suspended the charging of return to owner fees for animals impounded for running at large. A small portion of the fee is typically returned to the City to recoup costs of providing animal regulation services for the community. The total cost is expected to be less than $200 for the City. This allows Haven to reduce the number of animals left in the shelter while it is being operated at minimum capacity, and it is a benefit for community members who are unable to make the payment at this time.

Suspend Late Fees and Interest on City Payments
The City has initiated the suspension of late fees and penalties for payments and all General Accounts Receivable for items like hangar rents and imposed fines. This is made possible through individual review of accounts as payments are submitted and the reporting is analyzed. Both systems are housed in the legacy system so adjustments are applied manually to individual accounts. The $35 returned check and returned ACH payment fees have been suspended as well. Returned check and ACH fees are charged on an individual basis, and returned items are reported from the City’s banking system daily. When applicable, the returned item amount with the additional fee are typically charged back to established accounts. The fee will be eliminated from these charge backs.

The current plan is to suspend penalties and interest for receivables due in March and April 2020, which would include payments due in April and May. Based on last year’s activities, it is estimated that the loss of revenue to the general fund from the suspensions will be $55,000. The suspension of the returned check and ACH fees is estimated to be $5,000 for the same time period. If extended an additional month through the end of the fiscal year (June 30, 2020), the savings to the community equates to an estimated $60,000 which will result in an equal amount of lost revenue for the City.

Packet Pg. 759 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) City of Redding Economic Response Plan – April 2020
4 Suspend Utility Shut-Off
Effective March 18, 2020, the City of Redding Utilities Customer Service suspended the practice of utility shut-offs due to non-payment. Each month, under normal circumstances, approximately 220 utility accounts are disconnected after failure to pay for utility service received over the previous 60 days. Typically, 75 percent of these customers pay their past due amount and have their utilities reconnected within two weeks. With the Covid-19 pandemic and the anticipated increase in the number of utility customers having difficulty keeping up with all of their monthly expenses, it was decided that loss of utility service should not contribute to the stress and anxiety already experienced. Once the pandemic has passed, the Customer Services division will work with customers using various tools to bring the accounts into good standing. It is known that this effort will result in a temporary increase in accounts receivable and decreased cash flow for all utilities – resulting in an equal amount of temporary financial relief to residents of the City of Redding. This measure may result in an increase in bad debt expense, however, additional proposed measures, listed later in this report, could assist in reducing bad debt expense.

Furthermore, bad debt would be sent to a collection agency with a recovery rate of approximately 30 percent.

Suspend Utility Late Fees
Like shut-offs, late fees for utility payments have been suspended. Late fees, historically, amount to $1.7 million per year. While late fee collections are not always linear, it is a close approximation that the suspension will save customers in excess of $425,000 due to the high potential that there will be an increase in late payments. Late fees are an administrative penalty, and therefore, are deposited in the General Fund. If it is assumed that there will be no attempt to collect the past-due late fees, the General Fund will miss revenue projections in this category by at least $425,000.

Distribution of $50 to REU Account Holders
The City Council approved the distribution of excess reserves to be credited to every Redding Electric Utility customer in December 2019 in the amount of $50 per account. The funding source for the distribution is the Greenhouse Gas Allowance Auction Proceeds (also referred to as GHG or Cap and Trade), in an amount equal to about $2.2 million, and will be accomplished via a bill credit.

Pending the City Council’s approval
The following programming ideas were developed to provide additional options to provide financial relief to residents and businesses. These plan elements vary in how they target a diverse set of community members. Reaching as much of the community as possible is crucial for Redding to solidify its economic foundation. These proposals require the City Council’s approval to proceed. Some of the following items can be implemented immediately, while others will need to be further developed and brought back to the Council for further direction.

Packet Pg. 760 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) City of Redding Economic Response Plan – April 2020
5 Deferral of Transient Occupancy Tax
Defer payment of TOT from hotel and motel business until August 1, 2020 (payment due August 19, 2020). This deferral would be interest free and full payback would be made by November 1, 2020. The TOT deferral program could provide for much need cash flow for the Hotel and Motel industry by allowing an estimated $250,000 to remain with the business for operating expense. This program would be limited to Hotels/Motels with Business Licenses of 65-40-1 or 65-50-1.

Modify Existing CARES Program Guidelines
Community Assistance for Redding Electric Services (CARES) provides up to $300 of emergency assistance for the electric portion of bills for City of Redding utility customers. The intent of the CARES program is to help customers who have suffered a temporary financial hardship and to bring their account to a current status. Customers are eligible for CARES assistance once every 12 months. This program is funded out of the Public Benefits charges included in each ratepayers’ bill. Staff recommends applying a $300 CARES credit to all residential customers enrolled in the Residential Energy Discount Program (REU’s low income program). This would provide $1.2 million of immediate utility cost relief to our lowest-income customers with an additional $600,000 of additional relief available to those who may apply due to becoming eligible due to impacts from covid-19. These funds would be replenished with the new budget year beginning on July 1, 2020. Should the Council choose to do this, staff recommends providing the Electric Utility Director authority to repeat this process, should the Stay at Home order continue through the summer, and also suspend the once-per-year limitation for applicants. This would have no impact on the Electric Utility’s financial metrics as defined in Council Policy 1414, as Public Benefit Programs are restricted.

Modify Utilities Amortization Program Guidelines
The City of Redding Utilities Customer Service provides amortization for residential customer bills that are past due. This allows customers to “catch-up” on their bill for up to 12 months by amortizing the past-due balance. Staff recommends temporarily expanding this to commercial customers and temporarily extending the amortization for a period of up to 24 months, which would essentially provide a zero percent loan to customers that are past-due and having trouble paying their bill. In addition, this would allow commercial customers who receive Small Business Administration Loans to focus on other essential costs. This would have a temporary impact on City of Redding Utilities, as cash would not be received for up to two years. The risk to the utilities would be any eventual non-performance of these loans; non-performance would mean not paying the full amortization over the 24-month period. Therefore, staff recommends establishing an “eligibility criteria” that the customer must have not been disconnected for nonpayment of utilities in the previous year to be automatically approved for the amortization.

Customers not eligible for automatic amortization may still request it and approval will be granted on a case by case basis. Should the Council choose to do this, Staff recommends providing the Electric Utility Director administrative authority to modify program elements as necessary. As this could affect water, wastewater, and solid waste utilities, the Public Works Packet Pg. 761 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) City of Redding Economic Response Plan – April 2020
6 Director would collaborate in these decisions. This plan element will potentially provide millions of dollars in available cash flow for residents and businesses.

Refund City of Redding Utilities Deposits
Staff recommends returning all customer deposits held by Utilities Customer Services. This would return approximately $3.4 million to customers, including approximately $600,000 to commercial customers. The City holds utility deposits on customer accounts that present a higher credit risk to the utilities. By returning deposits, the City is returning monies to customers most in need. This would have no immediate impact on the Electric Utility’s financial metrics as defined in Council Policy 1414 as customer deposits are not included in unrestricted reserves for the purpose of calculating days of cash on hand. The risk to the utilities would be future bad debt accruals of non-payment of utilities by customers who have demonstrated difficulty paying bills.

However, this bad debt would be sent to a collection agency with a recovery rate of approximately 30 percent. Should the Council choose to do this, Staff recommends providing the Electric Utility Director authority to modify administrative processes for billing future utility deposits as defined in City Council Policy 1404. The deposit requirement will be reinstated at an unknown time in the future.

Additional Cap and Trade Distribution
Staff recommends a $200 credit on Electric utility bills to all customers out of Cap and Trade auction proceeds, which is similar to the $50 refund recently approved by Council. This would provide an additional $9 million in rebates to electric utility customers, bringing the total rebate amount, including the Council’s action on March 26, 2020, to approximately $11 million. To fund this program, the Council would need to allocate the balance of current year Cap and Trade revenues and cancel two Council-approved programs that have yet to launch: Wildfire Mitigation and Building Electrification. Wildfire Mitigation has yet to start due to the California Air Resources Board not providing a quantification methodology for reduced greenhouse gasses achieved through fuels reduction, thus the Cap and Trade funds are not available for this purpose. Building Electrification has yet to start due to staffing limitations. This would have no impact on the Electric Utility’s financial metrics as defined in Council Policy 1414 as Cap and Trade revenues are restricted.

Utility Grant Program for Small Businesses
As an entitlement city for the U.S. Department of Housing and Urban Development (HUD) the City receives an annual allocation of Community Development Block Grant funding which is used for public service and public improvements. Due to the Federal CARES act the City received an additional allocation of $447,450. This funding, combined with unused funding from past projects, for a total of $600,000 provides the City an opportunity to provide funding toward eligible small business utility payments for those in the most need or are unable to receive Federal assistance or grants. If approved, staff will present the program and the amount available as part of the required public hearing to approve the use of the funding.

Packet Pg. 762 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) City of Redding Economic Response Plan – April 2020
7 Local Economic Stimulus Package
The Local Economic Stimulus Package is composed of multi-departmental projects intended to result in a combination of benefits to the City. In its infancy, this was a mass project designed to create an energy savings with each completed project. The City, however, has multiple deferred maintenance projects that must be completed to maintain the infrastructure stability of its assets.

Staff developed the following plan in a response to a need to merge the energy savings needs of the City with its deferred maintenance needs and infuse much needed capital into the local economy.

The projects in this package were specifically chosen as critical needs either in the realm of energy savings, which qualifies the project to be paid for through GHG auction proceeds, or for its contribution to eliminating the deferred maintenance needs of the City. A combination of GHG funding, utility reserves, municipal bond, and energy cost savings would be used to fund the package with little or no net budgetary impact to the General Fund. The total value of the economic stimulus package is estimated at approximately $20 million. Approximately $9.5 million of GHG money could be allocated for the completion of the projects that realize an energy savings for the City. The energy savings over time for the General Fund could be used to fund the deferred maintenance needs.

Several of the anticipated projects such as the work at various fire stations and lighting upgrades would be started immediately and put out to bid as soon as possible. Other projects, such as the replacement of the heating and air conditioning system at the Civic Auditorium will need to be analyzed further. The intent is to move quickly to infuse available GHG funds and provide economic benefit for the community.

The calculated energy savings from the energy savings projects could be used to secure bond funding to accelerate up to another $10 million in local projects including improvements to the Redding Aquatic Center, park facilities, required building maintenance, and other amenities.

Staff will return to the City Council with a full project list and borrowing options should the City Council provide direction to do so.

Completion of projects totaling up to $20 million is quite a large endeavor. However, the plan would be to bid multiple smaller projects to provide the best opportunity for local contractors to participate in the process, and thereby providing the local economy a direct opportunity to see quick and significant economic benefit in jobs and business activity. According to multipliers provided by the Shasta County Economic Development Corporation, the City of Redding would see a direct benefit equal to 328 jobs and $30 million of economic impact.

Packet Pg. 763 Attachment: Previous Staff Report 04-21-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects)

CITY OF REDDING

REPORT TO THE CITY COUNCIL
Recommendation
Authorize the City Manager to award any public works contract, purchase order, or agreements, of any value, associated with the $ 9.5 million GHG funding approved as part of the Local Economic Stimulus Package.

Fiscal Impact
The City Council has previously approved the allocation of $9.5 million in Cap and Trade auction proceeds to be used for projects that reap an energy savings benefit to the City of Redding. There is no further fiscal impact to granting authority to the City Manager to execute the agreements, purchase orders, and contracts associated with these projects. There may, however, be an added benefit of seeing the money infused more rapidly into the local economy.

Alternative Action
The City Council could choose to not authorize the City Manager to execute the agreements, purchase orders, or contracts associated with the Cap and Trade distribution funds to expedite delivery of the work. This would lengthen the process to use the authorized funding.

Background/Analysis
On Tuesday, April 21, 2020, the City Council unanimously approved the Economic Response Plan. Included in the plan is the allocation of $9.5 million in Cap and Trade auction proceeds to be used for projects associated with the Local Economic Stimulus Package that equate to a savings in energy costs for the City of Redding. By authorizing the City Manager to negotiate, execute, and direct the agreements, purchase orders and contracts, staff can proceed with rapidly assigning the work and awarding bids. The benefit to this is being able to see the Cap and Trade action proceeds go to work as soon as possible in the community, and thereby providing the local MEETING DATE: May 5, 2020
ITEM NO. 9.1(b)
FROM:

APPROVED BY***
btippin@cityofredding. org
[email protected]
SUBJECT: 9.1(b)-- Consider authorizing the City Manager to award energy savings contracts, purchase orders, and agreements related to the Green House Gas ( GHG) funding approved by the City Council as part of the Local Economic Stimulus.

Barry Tippin, City Manager
Packet Pg. 764 Attachment: Previous Staff Report 05-05-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects) Report to Redding City Council April 28, 2020
Re: 9.1(b)--Authorize City Manager to award energy savings contracts Page 2 economy a direct opportunity to see a quick positive impact to jobs and business activity. The projects within the package may include, , LED light replacement in City facilities, reroofing and some solar installation at Fire Stations, replacing largely older and heavy energy using equipment with newer more efficient equipment, and additional energy saving projects to be determined
Council Priority/ City Manager Goals
Budget and Financial Management – “ Achieve balanced and stable 10- year Financial Plans for all funds.”
Public Safety – “ Work to improve all aspects of public safety to help people feel secure and safe where they live, work, and play in the City of Redding.” Communication and Transparency – “ Improve the quality of communication with the public and City employees to enhance knowledge and increase transparency to improve public trust.”
Government of the 21st Century – “ Be relevant and proactive to the opportunities and challenges of today’s residents and workforce. Anticipate the future to make better decisions today.”
Economic Development – “ Facilitate and become a catalyst for economic development in Redding to create jobs, retain current businesses and attract new ones, and encourage investment in the community.”
Packet Pg. 765 Attachment: Previous Staff Report 05-05-20 (9.11(d)--Accept Final Update to COVID-19 Economic Stimulus Package Projects)

CITY OF REDDING

REPORT TO THE CITY COUNCIL
Recommendation
Accept presentation and consider providing direction to staff regarding alternate prescription sourcing for City of Redding employees.

Fiscal Impact
There is no impact to the General Fund by accepting this report.

Alternative Action
The City Council could choose to not accept the presentation or request additional information from staff.

Background/Analysis
At the December 2, 2025, City Council meeting, the Council directed staff to pursue information and return to Council regarding an alternate prescription sourcing program.

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

Council Priority/City Manager Goals
• Communication and Transparency – “Improve the quality of communication with the public and City employees to enhance knowledge and increase transparency to improve public trust.”
• Government of the 21st Century – “Be relevant and proactive to the opportunities and challenges of today’s residents and workforce. Anticipate the future to make better decisions today.”
MEETING DATE: February 3, 2026
ITEM NO. 9.15(a)
FROM:
***APPROVED BY***
[email protected] [email protected]
SUBJECT: 9.15(a)--Accept a Presentation and consider providing direction to staff regarding alternate prescription sourcing.

Leslie Saelee, Interim
Personnel Director
Packet Pg. 766

Redding City CouncilFebruary 3, 2026

Redding City Council
February 3, 2026