Agenda, closed session, second session — City Council / Local Redevelopment Authority / Public Financing Authority, June 14, 2022 (part 2 of 4)

Item 9.4.1 – CC/LRA 06/14/2022

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 9.4.1
SECTION 9: CONSENT CALENDAR
Meeting Date: June 14, 2022
Subject/ Title: Adopt a Resolution – Riverbank Storm Drain Maintenance District No. 2006-01(Heartlands)
1) Resolution of the City Council of the City of Riverbank, County of Stanislaus, State of California, Declaring its Intention to Levy and Collect Annual Assessments within the Riverbank Storm Drain District No. 2006-01 (Heartlands) for Fiscal Year 2022/2023.

From: Marisela H. Garcia, City Manager
Submitted by: Kathleen Cleek, Development Services Administration Manager

RECOMMENDATION
It is recommended that the City Council adopt the following Resolution Declaring the City’s Intention to Levy and Collect Annual Assessments within the Riverbank Storm Drain District No. 2006-01 (Heartlands) for Fiscal Year 2022/2023.

SUMMARY
Pursuant to the provisions of the Benefit Assessment Act of 1982, Chapter 6.4, Division 2, Title 5 of the Government Code of the State of California commencing with Section 54703, a special benefit assessment district was formed and designated as the Riverbank Storm Drain District No. 2006-01 (Heartlands). The assessments from this District provide for the maintenance and operation of storm drain facilities and improvements.

The special benefit District includes the Heartlands and the Cottages Subdivisions as well as the Crossroads commercial development.

The attached resolution represents the first of two steps in the annual levy of assessments on the district for fiscal year 2022/2023. A Public Hearing to consider adoption of the report and annual levy of assessents is scheduled for June 28, 2022.

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Item 9.4.1 – CC/LRA 06/14/2022
Therefore, it is recommended that the City Council adopt Resolution Declaring the City’s Intention to Levy and Collect Annual Assessments within the Riverbank Storm Drain District No. 2006-01 (Heartlands) for Fiscal Year 2022/2023.

STRATEGIC PLAN
This is directly related to the City’s Strategic Plan, which can be found at www.riverbank.org.

FISCAL IMPACT
The annual assessments for parcels in the Riverbank Storm Drain District No. 2006-01 (Heartlands) for Fiscal Year 2022/2023 are as follows:

FY 21/22 FY 22/23 Change in Assessment
Residential Parcel Assessments $37.62 $39.50 $1.88
Costs for the district are paid through assessments upon property owners within the District; hence, there is no fiscal impact to the City.

ATTACHMENTS

1. Draft City Council Resolution 2022-, Declaring its Intention

2. Engineer’s Annual Levy Report Riverbank Storm Drain District No. 2006-01 (Heartlands) Fiscal Year 2022/2023
ATTACHMENT 1

Page 1 of 3 ends

CC/LRA – 06/14/2022
CC Resolution 2022-

CITY OF RIVERBANK
RESOLUTION 2022-

A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF RIVERBANK

COUNTY OF STANISLAUS

STATE OF CALIFORNIA

DECLARING ITS INTENTION TO LEVY AND COLLECT ANNUAL ASSESSMENTS WITHIN THE RIVERBANK STORM DRAIN MAINTENANCE DISTRICT NO. 2006-01 (HEARTLANDS) FOR FISCAL YEAR 2022/2023

THE CITY OF RIVERBANK CITY COUNCIL (HEREAFTER REFERRED TO AS THE “CITY COUNCIL”) DOES HEREBY RESOLVE THAT:

WHEREAS, the City Council of the City of Riverbank has, by previous Resolution number 2006-082, formed the Riverbank Storm Drain Maintenance District No. 2006-01 (Heartlands) (hereinafter referred to as the “District”), pursuant to the provisions of the Benefit Assessment Act of 1982, Chapter 6.4 of Part 1 of Division 2, Article 4 of the Government Code of California, beginning with Section 54703 (hereinafter referred to as the “Act”) and as provided by Article XIII D of the California Constitution, to levy and collect assessments against the lots or parcels of land within such district to pay for the costs and expenses of operating, maintaining and servicing improvements and facilities located within public places within the boundaries of the District; and WHEREAS, pursuant to section 54718 of the Government Code of the State of California, the assessments shall be collected by County of Stanislaus in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same procedure, sale, and lien priority in case of delinquency as is provided for ad valorem taxes, subject to all other conditions set forth in the Engineer’s Report; and WHEREAS, an Assessment Roll for Fiscal Year 2022/2023 (the “Assessment Roll”), which has been prepared in accordance with the method described in the Engineer’s Report, has been submitted to the Council and is on file with the City Clerk; and
WHEREAS, summary information regarding the assessments to be levied for Fiscal Year 2022/2023 is outlined in the Engineer's Annual Levy Report; and WHEREAS, the Council has determined to levy the assessments specified in the Assessment Roll.

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CC/LRA – 06/14/2022
CC Resolution 2022-

NOW, THEREFORE, BE IT RESOLVED, DETERMINED, AND ORDERED BY

THE CITY COUNCIL OF THE CITY OF RIVERBANK, FOR THE RIVERBANK STORM DRAIN MAINTENANCE DISTRICT NO. 2006-01 (HEARTLANDS) THAT:

Section 1 Recitals: The foregoing recitals are true and correct and this City Council so finds and determines.

Section 2 Levy of Assessments: The City Council hereby levies the assessments specified in the Assessment Roll.

Section 3 Boundaries and Designation: The boundaries of the District are described as the boundaries previously defined in the formation documents of the original District. The District contains all parcels located in the Heartlands Project. The District is known and designated as:
“Riverbank Storm Drain Maintenance District No. 2006-01 (Heartlands)”
Section 4 Proposed Assessment Amounts: For Fiscal Year 2022/2023, the proposed assessments for all Zones are outlined in the Engineer's Annual Levy Report.

Section 5 Public Hearing(s): The City Council hereby declares its intention to conduct an annual Public Hearing concerning the levy of assessments for the Riverbank Storm Drain Maintenance District No. 2006-01 (Heartlands).

Section 6 Notice: The City Clerk shall give notice of the time and place of the Public Hearing by causing the publishing of this Resolution, once in the local paper, not less than ten (10) days before the date of the Public Hearing and by posting a copy of this Resolution on the official bulletin board customarily used by the City Council for the posting of notices.

Section 7 Time of Public Hearing: Notice is hereby given that a Public Hearing on these matters will be held by the City Council on Tuesday, June 28, 2022 at 6:00 p.m. or as soon thereafter as feasible at a regular meeting in person, teleconference or virtual platform pursuant to the Governor’s Executive Order N-29-20 regarding the holding of public meetings during the COVID19 pandemic.

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CC/LRA – 06/14/2022
CC Resolution 2022-
County in sending out property tax bills or in order to correct errors that may, from time to time, arise in the application of the assessments to particular parcels.

Section 9 Filing the Assessment Roll: In order to have the assessments collected in the next assessment collection period and thus be available to finance the costs of maintaining streets and roads within the District, the Finance Administrator shall deliver the Assessment Roll to the Director of Finance of the County of Stanislaus by the deadline established by the County for inclusion on the tax roll for Fiscal Year 2022/2023.

Section 10 Effective Date: This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED by the City Council of the City of Riverbank at a regular meeting held on the 14th day of June, 2022; motioned by ___________, seconded by ____________, and upon roll call was carried by the following City Council vote of _____:

AYES:

NAYS:

ABSENT:

ABSTAINED:

ATTEST: APPROVED:
________________________________ __________________________ Kathy L. Teixeira Richard D. O’Brien
Interim City Clerk Mayor
Attachment: Engineer's Annual Levy Report – Riverbank Storm Drain Maintenance District No. 2006-01 (Heartlands) Fiscal year 2022/2023 City of Riverbank
2013/2014 Riverbank Storm Drain District No. 2006-01 Heartlands Page 1 of 19 City of Riverbank
Riverbank Storm Drain District
No. 2006-01
(Heartlands)
2022/2023 ENGINEER’S ANNUAL LEVY REPORT
Intent Meeting: June 14, 2022
Public Hearing: June 28, 2022
27368 Via Industria
Suite 200
Temecula, CA 92590
T 951.587.3500 | 800.755.6864
F 951.587.3510
www.willdan.com
ATTACHMENT 2

AFFIDAVIT FOR THE ENGINEER'S ANNUAL LEVY REPORT
City of Riverbank
Stanislaus County, State of California
Riverbank Storm Drain District No. 2006-01
(Heartlands)
The District includes all parcels of land within the residential and commercial subdivisions known as the Heartlands, the Cottages and Crossroads Commercial Center.

This Report describes the District and all relevant zones therein including the improvements, budgets, parcels and assessments to be levied for Fiscal Year 2022/2023, as they existed at the time of the passage of the Resolution of Intention. Reference is hereby made to the Stanislaus County Assessor’s maps for a detailed description of the lines and dimensions of parcels within the District.

The undersigned respectfully submits the enclosed Report as directed by the City Council.

Dated this ____________ day of ______________, 2022.

Willdan Financial Services
Assessment Engineer
By: ________________________________
Tony Thrasher, Senior Project Manager
District Administration Services
By: ________________________________
Tyrone Peter
PE # C 81888

TABLE OF CONTENTS
INTRODUCTION 1
PART I - PLANS AND SPECIFICATIONS 3
A. DESCRIPTION OF THE DISTRICT 3
B. IMPROVEMENTS AUTHORIZED BY THE 1972 ACT 3
C. DESCRIPTION OF IMPROVEMENTS AND SERVICES 5
PART II - METHOD OF APPORTIONMENT 6
A. BENEFIT ANALYSIS 6
B. ASSESSMENT METHODOLOGY 8
C. ASSESSMENT RANGE FORMULA 10
PART III – 2022/2023 DISTRICT BUDGET 12
PART IV - DISTRICT DIAGRAMS 13
PART V – 2022/2023 ASSESSMENT ROLL 15

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 1 of 19

INTRODUCTION
Pursuant to the provisions of the Benefit Assessment Act of 1982, being Chapter 6.4, Division 2, Title 5 of the Government Code of the State of California commencing with Section 54703 (hereafter referred to as the “1982 Benefit Act”), and in compliance with the substantive and procedural requirements of the California State Constitution, Article XIIID (hereafter referred to as the “California Constitution”), the City Council of the City of Riverbank, County of Stanislaus, State of California (hereafter referred to as “City”), in connection with the proceedings required for the assessment of the special benefit assessment district designated as:

Riverbank Storm Drain District No. 2006-01
(Heartlands)
(hereafter referred to as “District”), to provide for the maintenance and operation of storm drain facilities and improvements associated with the development of properties therein.

Said District shall include all lots and parcels of land within the City of Riverbank that receive direct and special benefits from the improvements including the residential subdivisions known as the Heartlands and the Cottages as well as the commercial development located on the north side of Claribel Road between Oakdale Road and the MID Lateral No. 6 (hereafter referred to as the “Crossroads Commercial Center”). This Engineer’s Report (hereafter referred to as “Report”) describes the District, the improvements therein, any annexations or other modifications to the District, including any substantial changes to the improvements, the method of apportionment, the boundaries of the District, and financial information including the district budgets and proposed annual assessments for Fiscal Year 2022/2023. This Report describes the District, the improvements, and the assessments to be levied on the County tax rolls to fund the costs and expenses to service and maintain storm drain improvements associated with and resulting from the development of properties within the District and for which the properties receive special benefits. This District will provide an ongoing funding source (annual assessments) for the continued operation and maintenance of storm drain improvements installed in connection with the development of properties within the District and is made pursuant to the 1982 Benefit Act and the substantive and procedural provisions of the California Constitution.

The improvements and assessments described in this Report are based on the existing and planned development of properties and storm drain infrastructure within the District and represent an estimate of the direct expenditures, incidental expenses, and fund balances that will be necessary to maintain and service the improvements. The formation of the District, the structure of the District (organization), the improvements, the method of apportionment, and assessments described herein are based on current development plans and specifications for the Heartlands, the Cottages, and the Crossroads Commercial Center developments; and by reference these plans and specifications are made part of this Report.

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 2 of 19 The word “parcel,” for the purposes of this Report, refers to an individual property assigned its own Assessor’s Parcel Number (APN) by the Stanislaus County Assessor’s Office. The Stanislaus County Auditor/Controller uses Assessor’s Parcel Numbers and specific Fund Numbers to identify properties assessed on the tax roll for special district benefit assessments.

The assessments as approved will be submitted to the Stanislaus County Auditor/Controller to be included on the property tax roll for each parcel in Fiscal Year 2022/2023.

Pursuant to the 1982 Benefit Act, in no case shall the annual assessments exceed the maximum assessment rate (including the annual inflationary adjustment) established and approved by the property owners as part of the formation proceedings, without subsequent approval of the property owners of such new or increased assessment in accordance with the provisions of the California Constitution, Article XIIID. It should be noted that an increased assessment to an individual property resulting from changes in development or land use does not constitute an increased assessment.

This Report consists of five (5) parts:

Plans and Specifications: A description of the District boundaries and the improvements associated with said District. This District is a single benefit zone encompassing all properties within the territory identified as the Heartlands, the Cottages and the Crossroads Commercial Center.

Method of Apportionment: A discussion of benefits the improvements provide to properties within the District and the method of calculating each property’s proportional special benefit and annual assessment. An Assessment Range Formula described herein defines the maximum assessment that may be imposed in subsequent fiscal years without additional property owner ballot proceedings
District Budget: An estimate of the annual costs to maintain and service the storm drain improvements installed and constructed as part of the development of properties within the District. The maximum assessment and assessment range formula established for the District is based on the development plans and estimated annual cost and expenses associated with the improvements at build-out. The assessments to provide the improvements shall be based on the estimated net annual cost of operating and maintaining of the District improvements for that fiscal year. The maximum assessment (Rate per Equivalent Benefit Unit) identified in the budget of this Report establishes the initial maximum assessment for the District in Fiscal Year 2022/2023.

District Diagram: A Diagram showing the exterior boundaries of the District is provided in this Report and includes all parcels that will receive special benefits from the improvements. Parcel identification, the lines and dimensions of each lot, parcel, and subdivision of land within the District, are inclusive of all parcels as shown on the Stanislaus County Assessor's Parcel Maps as they existed at the time of the passage of the Resolution of Intention, and shall include all subsequent subdivisions, lot line adjustments or parcel changes therein. Reference is hereby made to the Stanislaus

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 3 of 19 County Assessor’s maps for a detailed description of the lines and dimensions of each lot and parcel of land within the District.

Assessment Roll: A listing of the assessment amount to be presented to the property owners of record. Said assessment amounts represent each parcel’s proportional special benefit from the improvements and services to be provided by the District based on an initial maximum assessment rate per Equivalent Benefit Unit (EBU). The maximum assessment rate has been established based on the planned development of properties within the District and the net annual cost to maintain and service the improvements as outlined in the District budget and method of apportionment described herein.

PART I - PLANS AND SPECIFICATIONS
A. DESCRIPTION OF THE DISTRICT
The territory within the District consists of all lots, parcels and subdivisions of land within the residential and commercial subdivisions known as the Heartlands, the Cottages and the Crossroads Commercial Center, which encompass an area of land totaling approximately eighty-eight acres (88.11 acres) of which approximately four acres (4.01 acres) is the drainage basin area, twenty-two acres (22.22 acres) that represents the area of residential development consisting of one hundred fifty-two (152) planned single-family residential units and approximately sixty-two acres (61.88 acres) that represents the area of commercial development. The residential area includes the subdivisions of the Heartlands and the Cottages representing 96 and 56 single-family residential homes, respectively. The District and parcels therein are generally located:

East of Oakland Road,
North of Claribel Road, and
South and West of the M.I.D Lateral No. 6.

The parcels within the District at the time of the Resolution of Intention are identified by the Stanislaus County Assessor’s Office as:

Parcel number 075-097-043 for the drainage basin area, which is located on the northwest corner of the District;
All parcels within Book 075 Pages 096, 097 and 098 for the residential subdivisions known as the Heartlands and the Cottages, which are located along the northern areas of the District; and
All parcels within Book 075 Page 093 for the commercial area referred to as the Crossroads Commercial Center that is located south of the planned residential development within the District, with the exception of parcel number 075-093-026-000 which is the Hetch Hetchy 110' R O W.

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 4 of 19  The installation or construction of statuary, fountains, and other ornamental structures and facilities.
 The installation or construction of public lighting facilities.  The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing thereof, including, but not limited to, grading, clearing, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities.
 The maintenance or servicing, or both, of any of the foregoing.  The acquisition of any existing improvement otherwise authorized pursuant to this section.

Incidental expenses associated with the improvements including, but not limited to:
 The cost of preparation of the report, including plans, specifications, estimates, diagram, and assessment;
 The costs of printing, advertising, and the publishing, posting and mailing of notices;
 Compensation payable to the County for collection of assessments;  Compensation of any engineer or attorney employed to render services;  Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements;
 Any expenses incidental to the issuance of bonds or notes pursuant to Section 22662.5.
 Costs associated with any elections held for the approval of a new or increased assessment.

The 1972 Act defines "Maintain" or "maintenance" to mean furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including:
 Repair, removal, or replacement of all or any part of any improvement.  Providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, or treating for disease or injury.  The removal of trimmings, rubbish, debris, and other solid waste.

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 5 of 19  The cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti.

C. DESCRIPTION OF IMPROVEMENTS AND SERVICES
The purpose of this District is to ensure the ongoing maintenance, operation and servicing of storm drain improvements established or installed in connection with development of properties within the District. The improvements may consist of all or a portion of the storm drain infrastructure and appurtenant facilities within and associated with the development of properties within the residential subdivisions known as the Heartlands and the Cottages, and the commercial development located on the north side of Claribel Road between Oakdale Road and the MID Lateral No. 6, referred to as the Crossroads Commercial Center. The District improvements generally include but are not limited to inlets, catch basins, storm-drain-pipes, outlets, pumps, filters, drainage basins, and appurtenant facilities. The special benefit assessments to be levied for this District are intended to provide a revenue source for the ongoing maintenance and servicing of these District improvements including, but not limited to the materials, equipment, labor and administrative expenses. However, the assessments are not intended to fund reconstruction or major renovations of the improvements and facilities.

Development of each of the properties within the District to their full potential required the construction and installation of the four-acre drainage basin area located in the northwest section of the District and related storm drain infrastructure within the District to address water run-off from these properties. The construction and installation of these improvements and facilities were only necessary for the development of these properties and the ongoing maintenance and servicing of these improvements provided by this District are only necessary to ensure the integrity of these improvements and facilities associated with those properties. The facilities and services to be funded through the District assessments are generally described as:

Improvements and Facilities
The Storm Drain improvements and facilities to be maintained by the District include the four-acre drainage basin site constructed in the northern portion of the District (Assessor’s Parcel Number 075-097-043) and the related facilities and infrastructure located within that site (referred to here as basin-site improvements), as well as the pipes, catch basins, inlets and related drainage facilities within the residential and commercial development areas that collect and direct water flow to this drainage basin (referred to here as propertysite improvements). The facilities and infrastructure to be funded through the District assessments generally include:

Basin-site Improvements
A 2.95 acre drainage basin facility with 4 inch concrete reinforced side slopes and a soil composition floor that will naturally become vegetated through volunteer native plants; Approximately one acre of “upland” area surrounding the 2.95 acre drainage basin that is primarily constructed of compacted aggregate base material; A 6 foot high chain link fence along the perimeter of the “upland” area surrounding the drainage basin; An 8 inch

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 6 of 19 concrete reinforced access ramp to the basin floor; Drainage infrastructure facilities within the drainage basin site that include but are not limited to: A twenty foot wide rip-rap swale made up of 4-6” angular rock with a perforated sub-drain underneath the rip-rap to remove silt and sediment from the water runoff entering the basin (required by the Modesto Irrigation District); Screened inlets and galvanized steel storm drain grates; A lift/pump station; Four (4) catch basins; Two (2) cleanouts; One (1) manhole; and Approximately 1,005 linear feet of drain pipe including: 437 linear feet of 10” PVC gravity line. 168 linear feet of 10” PVC forced main line from the pump station to the MID canal. 143 linear feet of 12” perforated PVC. 199 linear feet of 18” RCP. 58 linear feet of 54” RCP (from basin inlet to Oakdale Road RW).

Property-site Improvements
The overall storm drain system to be maintained by the District includes various pipes, catch basins, inlets and other facilities within public right-of-ways and easements that collect and direct water flow from the residential and commercial properties of the District to the drainage basin. These improvements generally include: 73 storm drain manholes; 80 catch basins; and 123,057 lineal feet of piping tributary to the basin.

A detailed description of the storm drain improvement plans associated with the various property developments within the District are on file with the City Engineer and by reference these plans and specifications are made part of this Report.

Maintenance and Services
Annual inspection and stencil maintenance of inlets & catch basins; Cleaning and maintenance of catch basins, cleanouts, manholes, inlet structure and outlet structure as needed, including permits and documentation requirements; Periodic cleaning of storm drain pipes, including permits and documentation requirements; Annual landscape maintenance and rodent control of the drainage basin area; Periodic vegetation and debris control within the drainage basin; Cleaning, debris removal and de-silting of drainage basin and/or biofilter areas as needed; Minor repair of the storm drain outlets if damaged or any other damaged facilities caused by flooding (major repairs or reconstruction are excluded); Regular operational costs to maintain and clean drainage basin pump and filters, including electrical costs (major repairs or replacement are excluded); Annual maintenance and repair of the fencing around the drainage basin.

PART II - METHOD OF APPORTIONMENT
A. BENEFIT ANALYSIS
The 1982 Act permits the establishment of assessment districts by agencies for the purpose of providing for the maintenance, operation and servicing of drainage and flood control improvements. The 1982 Act further requires that the cost of these improvements be levied according to benefit rather than assessed value:
“The amount of the assessment imposed on any parcel of property shall be related to the benefit to the parcel which will be derived from the provision of the service”.

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 7 of 19 Furthermore:
“The annual aggregate amount of the assessment shall not exceed the estimated annual cost of providing the service, except that the legislative body may, by resolution, determine that the estimated cost of work authorized … is greater than can be conveniently raised from a single annual assessment and order that the estimated cost shall be raised by an assessment levied and collected in installments…. The revenue derived from the assessment shall not be used to pay the cost of any service other than the service for which the assessment was levied.

The method of apportionment described in this Report for allocation of special benefit assessments utilizes commonly accepted engineering practices in compliance with the provisions of the 1982 Act and the California Constitution. The formulas used for calculating assessments reflects the composition of parcels within the District and the improvements and services provided, to fairly apportion the costs based on the special benefits to each parcel.

Each of the improvements and services, and the associated costs and assessments, have been carefully reviewed, identified and allocated based on special benefit pursuant to the provisions of the 1982 Act and the California Constitution. The storm drain improvements associated with this District were necessary and essential requirements for the development of the properties within the District to their full potential, consistent with the development plans and applicable portions of the City General Plan. As such, the ongoing operation, servicing and maintenance of those improvements would otherwise be the direct financial obligation of each individual property owner. Since the parcels to be assessed within the District would not have been developed in the absence of these improvements and facilities, each parcel has a direct investment in the proper maintenance of the various improvements that is over and above any general benefits that may be conferred by such improvements and services.

The ongoing maintenance and servicing of the District improvements is an integral part of the use and preservation of the properties within the District. Such services to be funded by annual assessments confer a particular and distinct special benefit to those parcels. The proper maintenance and servicing of the storm drain system ensures proper water flow and control of excess water during periods of rain, which is essential to the preservation and protection of private property. The storm drain system contributes to a specific enhancement of the parcels within the District and the absence of adequate maintenance and servicing of these improvements could eventually have a negative impact on those properties.

Although the improvements may include storm drain facilities that connect to similar facilities outside the District boundaries, it is clear that the construction and installation of these improvements were only necessary for the development of properties within the District. As such, it has been determined that the ongoing maintenance, servicing, and operation of the District improvements provide no measurable general benefit to properties outside the District or to the public at large, but clearly provide distinct and special benefits to properties within the District. Any improvement or portion thereof

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 8 of 19 (particularly off-site storm drain facilities) that may be considered general benefit shall be funded by other revenue sources and not included as part of the special benefit assessments allocated to properties within this District. However, the costs associated with installation or improvement of any future off-site facilities that benefit the parcels within this District as well as other properties (shared benefit) may be allocated to the parcels within the District based on their proportional special benefit from such improvements.

B. ASSESSMENT METHODOLOGY
All costs associated with the improvements and services shall be fairly distributed among the parcels based upon the special benefit received by each parcel. Additionally, in compliance with the California Constitution Article XIIID, Section 4, each parcel’s assessment may not exceed the reasonable cost of the proportional special benefit conferred to that parcel. The benefit formula used to determine the assessment obligation is therefore based upon both the improvements that benefit the parcels within the District as well as the actual or planned development of each property as compared to other parcels that benefit from the improvements.

While the parcels within this District include both planned residential development and commercial development, they share a common need to control water runoff associated with their property. It has therefore been determined that the overall acreage of property development (gross acreage) within the District and each parcel’s proportional share of that acreage provides a direct correlation to the special benefit each property receives from the improvements and services because it provides a fair and reasonable correlation to each parcel’s proportional water runoff and demand on the storm drain infrastructure.

Although the specific development of each property may have some impact on the amount of water runoff associated with that property due to variations in the surface area (natural or landscaped surfaces versus building footprint or asphalt area), the need for a well maintained storm drain system is essential to all property development and variations in the development of each property is considered inconsequential to the benefits associated with that storm drain system.

The following table provides a summary of the development acreage within the District that will benefit from the improvements and services to be provided through the revenues collected through the District’s annual assessments.

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 9 of 19 Land Use Acreage
Percentage
of Acreage
Planned Residential Development 22.22 26.42%
Planned Commercial Development 61.88 73.58%
Total 84.10 100.00%
Acreage by Land Use
Equivalent Benefit Units
Based on the preceding discussion, each property within the District is assigned an Equivalent Benefit Unit (“EBU”) that is reflective of the parcel’s proportional acreage, special benefit and assessment obligation.

Commercial Properties — Include all developed commercial properties and properties planned for commercial development within the area identified as the Crossroads Commercial Center within the District. Each of these parcels is assigned an EBU based on the parcel’s net acreage. Each taxable property shall be assessed on the County tax roll, their proportionate share of the net annual costs based on this assigned EBU.

Properties planned for commercial development have been assigned an aggregate 61.88 EBU. Non-taxable properties (parcels the County does not generate a tax bill for) shall be hand-billed for their proportional annual assessment if applicable, but should such assessments not be collected; the City shall make a contribution to the District to offset the lost revenue.

Residential Properties — While the overall EBU established for the District is based on the total acreage of benefiting properties, it has been determined that the benefit to each of the single-family residential properties developed in the District is identical and that the most appropriate allocation of special benefit is reflected by the total acreage associated with the residential subdivisions within the District divided by the total number of approved residential units. (22.22 acres divided by 152 approved units, equals approximately 0.15 EBU per residential unit). Therefore, each single-family residential parcel shall be assigned 0.15 EBU and residential properties that have not been fully subdivided, shall be assigned an EBU that reflects 0.15 EBU for each planned residential unit to be developed on the property.

Exempt Properties — This land use identifies properties that are not assessed and are assigned 0.00 EBU. This land use classification may include but is not limited to any lot or parcel identified as public streets and other roadways (typically not assigned an APN by the County); and the four-acre detention basin site that represents much of the District’s improvements, or any other public easement, utility right-of-way or other publicly owned properties that are part of the District improvements or may provide other benefits to private properties within the District.

These types of parcels are considered to receive no benefit from the improvements because they are also generally required as part of developing the residential and commercial properties within the District. These properties are exempted from assessment, but shall be reviewed annually by the assessment engineer to confirm the parcels’ current development status. Government owned properties or public properties

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 10 of 19 are not necessarily exempt properties and shall be subject to special benefit assessment unless it qualifies for an exempt status.

The following formulas are used to calculate each parcel’s annual assessment (proportional benefit):

The total number of Equivalent Benefit Units for the District is the sum of all individual EBUs applied to parcels that receive special benefit from the improvements.

All Residential Property EBUs + Commercial Property EBU’s = Total Parcels’ EBU An assessment amount per EBU (Assessment Rate) for the improvements is established by taking the total net annual cost budgeted for the improvements and dividing that amount by the total number of EBU’s.

Total Balance to Levy / Total EBUs = Assessment Rate per EBU This Rate is then applied back to each parcel’s individual EBU to determine the parcel’s proportionate benefit and annual assessment obligation for the improvements.

Assessment Rate per EBU x Each Parcel’s Assigned EBU = Parcel’s Levy Amount C. ASSESSMENT RANGE FORMULA
Any new or increased assessment requires certain noticing and meeting requirements by law. Prior to the passage of Proposition 218 (California Constitution, Articles XIIIC and XIIID), legislative changes in the Brown Act defined a "new or increased assessment" to exclude certain conditions. These conditions included "any assessment that does not exceed an assessment formula or range of assessments previously adopted by the agency or approved by the voters in the area where the assessment is imposed." This definition and conditions were later confirmed through Senate Bill 919 (Proposition 218 implementing legislation).

The purpose of establishing an assessment range formula is to provide for reasonable increases and inflationary adjustment to annual assessments without requiring costly noticing and mailing procedures, which could add to the District costs and assessments.

As part of the District formation, balloting of property owners is required pursuant to the California Constitution, Article XIIID, Section 4. As part of the District formation, the notice and assessment ballots presented to the property owners for approval, included a maximum assessment amount for Fiscal Year 2006/2007 (initial maximum assessment), identification of the corresponding maximum assessment rate and a summary of the assessment range formula described herein.

The assessment range formula for this District shall be applied to all future assessments and is generally defined, if the annual assessment (levy per EBU) for the upcoming fiscal year is less than or equal to the adjusted Maximum Assessment, then the annual assessment is not considered an increased assessment. The Maximum Assessment is equal to the (Initial) Maximum Assessment established for fiscal year 2006/2007 adjusted

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 11 of 19 annually by the annual percentage change in the February Consumer Price Index (CPI) for the San Francisco-Oakland-Hayward Area for All Urban Consumers. The Maximum Assessment for Fiscal Year 2021/2022 was $775.67/EBU. The CPI for 2022 is 5.19% increasing the Maximum Assessment for Fiscal Year 2022/2023 to $815.95/EBU.

Beginning in the second fiscal year (Fiscal Year 2007/2008) and each fiscal year thereafter, the Maximum Assessment will be recalculated and a new Maximum Assessment established for that fiscal year. The Maximum Assessment shall be adjusted annually and is calculated independent of the District’s annual budget and annual assessment. Any annual assessment (rate per EBU) less than or equal to this Maximum Assessment is not considered an increased assessment, even if the assessment is much greater than the assessment applied in the prior fiscal year.

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 12 of 19 PART III – 2022/2023 DISTRICT BUDGET
The Maximum Assessment per EBU is shown within the following budget and is based on the cost of providing the District improvements. As outlined in the method of apportionment, all the improvements are considered special benefit and there are no improvement costs that have been identified as general benefit.

Total District

DIRECT COSTS
Annual Maintenance
Inspection & Abatement: Drainage Basins $1,500
Landscape Maintenance: Drainage Basins (Including Utilities) 6,100 Annual Maintenance: Drainage Basin/Channelway Fencing 844 Annual Inspection & Docs: Inlets, Manholes, Outlets, Drywells, Pumps, Etc. 880 Annual Maintenance & Cleaning: Inlets, Manholes, Outlets, Drywells, Pumps, Etc. 1,500 Annual Inspection & Maintenance: Storm Drain Pipes 2,200 Annual Pump Operation (Including Electricity) 2,000
Annual Maintenance Expenses: Storm Drains $15,024
Total Annual Direct Costs: Storm Drain Improvements $15,024

ADMINISTRATION EXPENSES
City Annual Administration & Overhead $4,100
Professional Fees & Services 2,500
County Administration Fee 120
Miscellaneous Administration Expenses 335
Total Annual Administration Costs $7,055

LEVY BREAKDOWN
Total Direct & Administration Costs $22,079
Reserve Collection/ (Transfers) 55
City Loan — Repayment/(Advance) 0
Total Levy Adjustments 55
BALANCE TO LEVY $22,134

DISTRICT STATISTICS
Total Parcels 175
Parcels Levied 175
Total EBU 84.05
Levy per EBU $263.34
Maximum Levy per EBU $815.95

FUND BALANCE INFORMATION
Beginning Reserve Fund Balance $81,028
Reseve Fund Activity 55
Ending Reserve Fund Balance $81,083
Heartlands Storm Drain District No 06-01

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 13 of 19

PART IV - DISTRICT DIAGRAMS
The parcels within the Riverbank Storm Drain District No. 2006-01 (Heartlands) consist of all lots, parcels and subdivisions of land located in the planned residential development known as Heartlands. The District covers approximately ninety and one-half acres (90.54 acres).

The following District Diagram is based on the Stanislaus County Assessor’s Maps and the Stanislaus County Assessor’s Secured Roll and identifies all the parcels of land within the District. The combination of this map and the Assessment Roll contained in this report constitute the District Assessment Diagram.

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 14 of 19

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 15 of 19 PART V – 2022/2023 ASSESSMENT ROLL
Parcel identification for each lot or parcel within the District shall be the parcel as shown on the Stanislaus County Secured Roll for the year in which the Engineer’s Report is prepared and reflective of the Assessor’s Parcel Maps. A listing of the lots and parcels to be assessed within this District along with the assessment amounts is provided on the following pages.

Non-assessable lots or parcels may include but are not limited to public streets and other roadways (typically not assigned an APN by the County); dedicated public easements, open space areas, right-of-ways, common areas; landlocked parcels, small parcels vacated by the County, bifurcated lots, and any other property that cannot be developed or has little or no value. These types of parcels are considered to receive little or no benefit from the improvements and are therefore exempted from assessment.

If any parcel submitted for collection is identified by the County Auditor/Controller to be an invalid parcel number for the fiscal year, a corrected parcel number and/or new parcel numbers will be identified and resubmitted to the County Auditor/Controller. The assessment amount to be levied and collected for the resubmitted parcel or parcels shall be based on the method of apportionment and assessment rate described in this Report and approved by the City Council. Therefore, if a single parcel has changed to multiple parcels, the assessment amount applied to each of the new parcels shall be recalculated and applied according to the approved method of apportionment and assessment rate rather than a proportionate share of the original assessment.

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 16 of 19 APN EBU Charge
075-093-024-000 0.36 $94.80
075-093-025-000 2.11 555.64
075-093-030-000 10.96 2,886.20
075-093-031-000 10.00 2,633.40
075-093-034-000 1.81 476.64
075-093-035-000 0.90 237.00
075-093-036-000 1.08 284.40
075-093-037-000 0.73 192.22
075-093-038-000 1.35 355.50
075-093-039-000 1.14 300.20
075-093-040-000 0.95 250.16
075-093-041-000 6.57 1,730.14
075-093-043-000 1.45 381.84
075-093-047-000 0.84 221.20
075-093-049-000 1.28 337.06
075-093-051-000 6.21 1,635.34
075-093-052-000 4.68 1,232.42
075-093-053-000 1.63 429.24
075-093-054-000 1.43 376.56
075-093-058-000 1.43 376.56
075-093-061-000 2.00 526.68
075-093-062-000 1.21 318.64
075-093-063-000 1.13 297.56
075-096-001-000 0.15 39.50
075-096-002-000 0.15 39.50
075-096-003-000 0.15 39.50
075-096-004-000 0.15 39.50
075-096-005-000 0.15 39.50
075-096-006-000 0.15 39.50
075-096-007-000 0.15 39.50
075-096-008-000 0.15 39.50
075-096-009-000 0.15 39.50
075-096-010-000 0.15 39.50
075-096-011-000 0.15 39.50
075-096-012-000 0.15 39.50
075-096-013-000 0.15 39.50
075-096-014-000 0.15 39.50
075-096-015-000 0.15 39.50
075-096-016-000 0.15 39.50
075-096-017-000 0.15 39.50
075-096-018-000 0.15 39.50
075-096-019-000 0.15 39.50
075-096-020-000 0.15 39.50
075-096-021-000 0.15 39.50
075-096-022-000 0.15 39.50
075-096-023-000 0.15 39.50
075-096-024-000 0.15 39.50
075-096-025-000 0.15 39.50
075-096-026-000 0.15 39.50
075-096-027-000 0.15 39.50
075-096-028-000 0.15 39.50
075-096-029-000 0.15 39.50

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 17 of 19 APN EBU Charge
075-096-030-000 0.15 39.50
075-096-031-000 0.15 39.50
075-096-032-000 0.15 39.50
075-096-033-000 0.15 39.50
075-096-034-000 0.15 39.50
075-096-035-000 0.15 39.50
075-096-036-000 0.15 39.50
075-096-037-000 0.15 39.50
075-096-038-000 0.15 39.50
075-096-039-000 0.15 39.50
075-096-040-000 0.15 39.50
075-096-041-000 0.15 39.50
075-096-042-000 0.15 39.50
075-096-043-000 0.15 39.50
075-096-044-000 0.15 39.50
075-096-045-000 0.15 39.50
075-096-046-000 0.15 39.50
075-096-047-000 0.15 39.50
075-096-048-000 0.15 39.50
075-096-049-000 0.15 39.50
075-096-050-000 0.15 39.50
075-096-051-000 0.15 39.50
075-096-052-000 0.15 39.50
075-096-053-000 0.15 39.50
075-096-054-000 0.15 39.50
075-097-001-000 0.15 39.50
075-097-002-000 0.15 39.50
075-097-003-000 0.15 39.50
075-097-004-000 0.15 39.50
075-097-005-000 0.15 39.50
075-097-006-000 0.15 39.50
075-097-007-000 0.15 39.50
075-097-008-000 0.15 39.50
075-097-009-000 0.15 39.50
075-097-010-000 0.15 39.50
075-097-011-000 0.15 39.50
075-097-012-000 0.15 39.50
075-097-013-000 0.15 39.50
075-097-014-000 0.15 39.50
075-097-015-000 0.15 39.50
075-097-016-000 0.15 39.50
075-097-017-000 0.15 39.50
075-097-018-000 0.15 39.50
075-097-019-000 0.15 39.50
075-097-020-000 0.15 39.50
075-097-021-000 0.15 39.50
075-097-022-000 0.15 39.50
075-097-023-000 0.15 39.50
075-097-024-000 0.15 39.50
075-097-025-000 0.15 39.50
075-097-026-000 0.15 39.50
075-097-027-000 0.15 39.50
075-097-028-000 0.15 39.50
075-097-029-000 0.15 39.50
075-097-030-000 0.15 39.50

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 18 of 19 APN EBU Charge
075-097-031-000 0.15 39.50
075-097-032-000 0.15 39.50
075-097-033-000 0.15 39.50
075-097-034-000 0.15 39.50
075-097-035-000 0.15 39.50
075-097-036-000 0.15 39.50
075-097-037-000 0.15 39.50
075-097-038-000 0.15 39.50
075-097-039-000 0.15 39.50
075-097-040-000 0.15 39.50
075-097-041-000 0.15 39.50
075-097-042-000 0.15 39.50
075-098-001-000 0.15 39.50
075-098-002-000 0.15 39.50
075-098-003-000 0.15 39.50
075-098-004-000 0.15 39.50
075-098-005-000 0.15 39.50
075-098-006-000 0.15 39.50
075-098-007-000 0.15 39.50
075-098-008-000 0.15 39.50
075-098-009-000 0.15 39.50
075-098-010-000 0.15 39.50
075-098-011-000 0.15 39.50
075-098-012-000 0.15 39.50
075-098-013-000 0.15 39.50
075-098-014-000 0.15 39.50
075-098-015-000 0.15 39.50
075-098-016-000 0.15 39.50
075-098-017-000 0.15 39.50
075-098-018-000 0.15 39.50
075-098-019-000 0.15 39.50
075-098-020-000 0.15 39.50
075-098-021-000 0.15 39.50
075-098-022-000 0.15 39.50
075-098-023-000 0.15 39.50
075-098-024-000 0.15 39.50
075-098-025-000 0.15 39.50
075-098-026-000 0.15 39.50
075-098-027-000 0.15 39.50
075-098-028-000 0.15 39.50
075-098-029-000 0.15 39.50
075-098-030-000 0.15 39.50
075-098-031-000 0.15 39.50
075-098-032-000 0.15 39.50
075-098-033-000 0.15 39.50
075-098-034-000 0.15 39.50
075-098-035-000 0.15 39.50
075-098-036-000 0.15 39.50
075-098-037-000 0.15 39.50
075-098-038-000 0.15 39.50
075-098-039-000 0.15 39.50
075-098-040-000 0.15 39.50

City of Riverbank
2022/2023 Riverbank Storm Drain District No. 2006-01 Heartlands Page 19 of 19 APN EBU Charge
075-098-041-000 0.15 39.50
075-098-042-000 0.15 39.50
075-098-043-000 0.15 39.50
075-098-044-000 0.15 39.50
075-098-045-000 0.15 39.50
075-098-046-000 0.15 39.50
075-098-047-000 0.15 39.50
075-098-048-000 0.15 39.50
075-098-049-000 0.15 39.50
075-098-050-000 0.15 39.50
075-098-051-000 0.15 39.50
075-098-052-000 0.15 39.50
075-098-053-000 0.15 39.50
075-098-054-000 0.15 39.50
075-098-055-000 0.15 39.50
075-098-056-000 0.15 39.50
Total 84.05 $22,133.40
*Total may differ from budget due to rounding.

Page 1 of 2 ends

Item 9.4.2 – CC/LRA 06/14/2022

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 9.4.2
SECTION 9: CONSENT CALENDAR
Meeting Date: June 14, 2022
Subject/ Title: Adopt a Resolution – Riverbank Storm Drain Maintenance District No. 05-01 (Sterling Ridge):
1) Resolution of the City of Riverbank, California, City Council Ordering the Levy and Collection of Assessments within the Riverbank Storm Drain District No. 05-01 (Sterling Ridge) for Fiscal Year 2022/2023
From: Marisela H. Garcia, City Manager
Submitted by: Kathleen Cleek, Development Services Administration Manager

SUMMARY
Pursuant to the provisions of the Benefit Assessment Act of 1982, Chapter 6.4, Division 2, Title 5 of the Government Code of the State of California commencing with Section 54703, a special benefit assessment district was formed and designated as the Riverbank Storm Drain District No. 05-01 (Sterling Ridge). The assessments from this District provide for the maintenance and operation of storm drain facilities and improvements.

The special benefit District includes the Sterling Ridge, Elmwood Estates Unit 1, and Elmwood Estates Unit 2.

Page 2 of 2 ends

Item 9.4.2 – CC/LRA 06/14/2022
Therefore, it is recommended that the City Council adopt Resolution Declaring the City’s Intention to Levy and Collect Annual Assessments within the Riverbank Storm Drain District No. 05-01 (Sterling Ridge) for Fiscal Year 2022/2023.

STRATEGIC PLAN
This is directly related to the City’s Strategic Plan, which can be found at www.riverbank.org.

FISCAL IMPACT
The annual assessments for parcels in the Riverbank Storm Drain District No. 05-01 (Sterling Ridge) for Fiscal Year 2022/2023 are as follows:

FY 21/22 FY 22/23 Change in Assessment
Annual Parcel Assessments $65.22 $69.13 $3.91
Costs for the district are paid through assessments upon property owners within the District; hence, there is no fiscal impact to the City.

ATTACHMENTS

1. Draft City Council Resolution 2022-, Declaring its Intention

2. Engineer’s Annual Levy Report Riverbank Storm Drain District No. 05-01 (Sterling Ridge) Engineer’s Report for Fiscal Year 2022/2023 ATTACHMENT 1

Page 1 of 3 ends

CC/LRA – 06/14/2022
CC Resolution 2022-

CITY OF RIVERBANK
RESOLUTION 2022-

A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF RIVERBANK

COUNTY OF STANISLAUS

STATE OF CALIFORNIA

DECLARING ITS INTENTION TO LEVY AND COLLECT ANNUAL ASSESSMENTS WITHIN RIVERBANK STORM DRAIN DISTRICT NO. 05-01 (STERLING RIDGE) FOR FISCAL YEAR 2022/2023

THE CITY OF RIVERBANK CITY COUNCIL (HEREAFTER REFERRED TO AS THE “CITY COUNCIL”) DOES HEREBY RESOLVE THAT:

WHEREAS, the City Council of the City of Riverbank has, by previous Resolution number 2005-034, formed the Riverbank Storm Drain District No. 05-01 (Sterling Ridge) (hereinafter referred to as the “District”), pursuant to the provisions of the Benefit Assessment Act of 1982, Chapter 6.4 of Part 1 of Division 2, Article 4 of the Government Code of California, beginning with Section 54703 (hereinafter referred to as the “Act”) and as provided by Article XIII D of the California Constitution, to levy and collect assessments against the lots or parcels of land within such district to pay for the costs and expenses of operating, maintaining and servicing improvements and facilities located within public places within the boundaries of the District; and,
WHEREAS, pursuant to section 54718 of the Government Code of the State of California, the assessments shall be collected by County of Stanislaus in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same procedure, sale, and lien priority in case of delinquency as is provided for ad valorem taxes, subject to all other conditions set forth in the Engineer’s Report; and WHEREAS, an Assessment Roll for Fiscal Year 2022/2023 (the “Assessment Roll”), which has been prepared in accordance with the method described in the Engineer’s Report, has been submitted to the Council and is on file with the City Clerk; and
WHEREAS, summary information regarding the assessments to be levied for Fiscal Year 2022/2023 is outlined in the Engineer's Annual Levy Report; and WHEREAS, the Council has determined to levy the assessments specified in the Assessment Roll.

Page 2 of 3 ends

CC/LRA – 06/14/2022
CC Resolution 2022-

NOW, THEREFORE, BE IT RESOLVED, DETERMINED, AND ORDERED BY

THE CITY COUNCIL OF THE CITY OF RIVERBANK, FOR THE STERLING RIDGE BENEFIT ASSESSMENT DISTRICT that:

Section 1 Recitals: The foregoing recitals are true and correct and this City Council so finds and determines.

Section 2 Levy of Assessments: The City Council hereby levies the assessments specified in the Assessment Roll.

Section 3 Boundaries and Designation: The boundaries of the District are described as the boundaries previously defined in the formation documents of the original District. The District contains all parcels located in the Sterling Ridge Project. The District is known and designated as
“Riverbank Storm Drain District No. 05-01 (Sterling Ridge)” Section 4 Proposed Assessment Amounts: For Fiscal Year 2022/2023, the proposed assessments for all Zones are outlined in the Engineer's Annual Levy Report.

Section 5 Public Hearing(s): The City Council hereby declares its intention to conduct an annual Public Hearing concerning the levy of assessments for the District.

Section 8 Adjustments to the Assessment Roll: The City’s Finance Administrator is hereby authorized to make changes to the Assessment Roll prior to the final posting of the assessments to the County tax roll, in response to appeals from property owners, or otherwise to achieve a correct match of the assessments with the assessor’s parcel numbers finally utilized by the County in sending out property tax bills or in order to correct errors that may, from time to time, arise in the application of the assessments to particular parcels.

Page 3 of 3 ends

CC/LRA – 06/14/2022
CC Resolution 2022-
Section 9 Filing the Assessment Roll: In order to have the assessments collected in the next assessment collection period and thus be available to finance the costs of maintaining streets and roads within the District, the Finance Administrator shall deliver the Assessment Roll to the Director of Finance of the County of Stanislaus by the deadline established by the County for inclusion on the tax roll for Fiscal Year 2022/2023.

Section 10 Effective Date: This Resolution shall take effect immediately upon adoption.

AYES:

NAYS:

ABSENT:

ABSTAINED:

ATTEST: APPROVED:
________________________________ __________________________ Kathy L. Teixeira Richard D. O’Brien
Interim City Clerk Mayor
Attachment: Engineer’s Report – Riverbank Storm Drain District No. 05-01 (Sterling Ridge) for FY 2022/2023
City of Riverbank
Riverbank Benefit Assessment
District No. 05-01
(Sterling Ridge)
2022/2023 ENGINEER’S ANNUAL LEVY REPORT
Intent Meeting: June 14, 2022
Public Hearing: June 28, 2022
27368 Via Industria
Suite 200
Temecula, CA 92590
T 951.587.3500 | 800.755.6864
F 951.587.3510
www.willdan.com
ATTACHMENT 2

AFFIDAVIT FOR THE ENGINEER'S ANNUAL LEVY REPORT
City of Riverbank
Stanislaus County, State of California
Riverbank Storm Drain District No. 05-01
(Sterling Ridge)
This Report describes the District and all relevant zones therein including the improvements, budgets, parcels and assessments to be levied for Fiscal Year 2022/2023, as they existed at the time of the passage of the Resolution of Intention. Reference is hereby made to the Stanislaus County Assessor’s maps for a detailed description of the lines and dimensions of parcels within the District.

The undersigned respectfully submits the enclosed Report as directed by the City Council.

Dated this ____________ day of ______________, 2022.

TABLE OF CONTENTS
INTRODUCTION 1
PART I — PLANS AND SPECIFICATIONS 3
A. DESCRIPTION OF THE DISTRICT 3
B. IMPROVEMENTS AUTHORIZED BY THE 1972 ACT 3
C. DESCRIPTION OF IMPROVEMENTS AND SERVICES 5
PART II — METHOD OF APPORTIONMENT 6
A. BENEFIT ANALYSIS 6
B. ASSESSMENT METHODOLOGY 6
C. ASSESSMENT RANGE FORMULA 10
PART III — DISTRICT BUDGET 11
PART IV — DISTRICT BOUNDARY MAPS 12
PART V — 2022/2023 ASSESSMENT ROLL 15
City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 1 of 23

Riverbank Storm Drain District No. 05-01
(Sterling Ridge)
(hereafter referred to as “District”), which includes all lots and parcels of land within the residential subdivision known as Sterling Ridge, within the City limits of Riverbank. This Engineer’s Report (hereafter referred to as “Report”) has been prepared in connection with the levy and collection of annual assessments related thereto for Fiscal Year 2022/2023, as set forth pursuant to the 1982 Benefit Act.

This Report describes the District, the improvements, and the assessments to be levied on the County tax rolls to fund the costs and expenses to service and maintain storm drain improvements associated with and resulting from the development of properties within the District and for which the properties receive special benefits. The annual assessments of this District will provide an ongoing funding source (annual assessments) for the continued operation and maintenance of storm drain improvements installed in connection with the development of properties within the District and are made pursuant to the 1982 Benefit Act and the substantive and procedural provisions of the California Constitution.

The improvements and assessments described in this Report are based on the planned development of properties within the District and represent an estimate of the direct expenditures, incidental expenses, and fund balances that will be necessary to maintain and service the improvements. The structure of the District (organization), the improvements, the method of apportionment, and assessments described herein are based on current development plans and specifications for the Sterling Ridge residential development; and by reference these plans and specifications are made part of this Report.

The word “parcel,” for the purposes of this Report, refers to an individual property assigned its own Assessor’s Parcel Number (APN) by the Stanislaus County Assessor’s Office. The Stanislaus County Auditor/Controller uses Assessor’s Parcel Numbers and specific Fund Numbers to identify properties assessed on the tax roll for special district benefit assessments.

The City Council shall conduct a noticed annual public hearing to consider all public comments and written protests regarding the District. Following the annual public hearing and review of the Engineer’s Annual Levy Report, the City Council may order amendments City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 2 of 23 to the Report or confirm the Report as submitted. Following final approval of the Report and confirmation of the assessments contained therein, the City Council will, by resolution, order the improvements to be made and confirm the levy and collection of assessments, and approve the levy and collection of assessments for Fiscal Year 2022/2023. In such case, the assessments as approved will be submitted to the Stanislaus County Auditor/Controller to be included on the property tax roll for each parcel in Fiscal Year 2022/2023.

This Report consists of five (5) parts:

District Budget: An estimate of the annual costs to maintain and service the storm drain improvements installed and constructed as part of the development of properties within the District. The maximum assessment and assessment range formula established for the District are based on the development plans and annual cost and expenses associated with the improvements at build-out. The assessments to provide the improvements shall be based on the estimated net annual cost of operating and maintaining of the District improvements for that fiscal year. The maximum assessment (Rate per Equivalent Benefit Unit) identified in the budget of this Report establishes the maximum assessment for the District in Fiscal Year 2022/2023.

District Diagram: A Diagram showing the exterior boundaries of the District is provided in this Report and includes all parcels receiving special benefits from the improvements.

Parcel identification, the lines and dimensions of each lot, parcel and subdivision of land within the District, are inclusive of all parcels as shown on the Stanislaus County Assessor's Parcel Maps as they existed at the time of the passage of the Resolution of Intention, and shall include all subsequent subdivisions, lot line adjustments or parcel changes therein.

Reference is hereby made to the Stanislaus County Assessor’s maps for a detailed description of the lines and dimensions of each lot and parcel of land within the District.

Assessment Roll: A listing of the assessment amount to be presented to the property owners of record. Said assessment amounts represent each parcel’s proportional special City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 3 of 23 benefit from the improvements and services to be provided by the District based on an initial maximum assessment rate per Equivalent Benefit Unit (EBU). The maximum assessment rate has been established based on the planned development of properties within the District and the net annual cost to maintain and service the improvements as outlined in the District budget and method of apportionment described herein.

PART I — PLANS AND SPECIFICATIONS
A. DESCRIPTION OF THE DISTRICT
The territory within the District consists of all lots, parcels and subdivisions of land within the residential subdivision known as the Sterling Ridge, Elmwood Estates Unit 1 and Unit

2.  Sterling Ridge: encompasses an area of land totaling approximately forty-six (46) acres. This residential subdivision includes one hundred eighty-three (183) singlefamily residential homes. The subdivision is generally located east of Roselle Avenue; south of Talbot Avenue; north of Minnear Road; and west of the AT & SF Railroad.  Elmwood Estates Unit 1: This residential tract encompasses an area generally east of Roselle Avenue and south of Pocket Avenue. The tract includes ninety-two (92) residential parcels within the subdivision known as Elmwood Estates Unit 1, identified on Book 75 Page 04 of the Stanislaus County Assessor’s Parcel Maps. The parcels within the development are identified by the Stanislaus County Assessor’s Office as Assessor’s Parcel Numbers 075-049-001-000 through 075-049-092-000.  Elmwood Estates Unit 2: This residential tract encompasses an area located east of Aspen Lane and south of Pocket Avenue and includes eighty-six (86) single-family residential lots. The parcels within this development are identified by the Stanislaus County Assessor’s Office as Assessor’s Parcel Numbers 075-095-001-000 through 075-095-086-000.

B. IMPROVEMENTS AUTHORIZED BY THE 1972 ACT
As applicable or may be applicable to this proposed District, the 1972 Act defines improvements to mean one or any combination of the following:
 The installation or planting of landscaping.
 The installation or construction of statuary, fountains, and other ornamental structures and facilities.
 The installation or construction of public lighting facilities.  The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 4 of 23 thereof, including, but not limited to, grading, clearing, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities.
 The maintenance or servicing, or both, of any of the foregoing.  The acquisition of any existing improvement otherwise authorized pursuant to this section.

Incidental expenses associated with the improvements including, but not limited to:
 The cost of preparation of the report, including plans, specifications, estimates, diagram, and assessment;
 The costs of printing, advertising, and the publishing, posting and mailing of notices;  Compensation payable to the County for collection of assessments;  Compensation of any engineer or attorney employed to render services;  Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements;
 Any expenses incidental to the issuance of bonds or notes pursuant to Section 22662.5.  Costs associated with any elections held for the approval of a new or increased assessment.

Furthermore, the 1972 Act specifies that where the cost of improvements (other than maintenance and operations) is greater than can be conveniently raised from a single annual assessment, an assessment to be levied and collected in annual installments. In that event, the governing body may choose to do any of the following:

City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 5 of 23  Provide for the accumulation of the moneys in an improvement fund until there are sufficient moneys to pay all or part of the cost of the improvements.  Provide for a temporary advance to the improvement fund from any available and unencumbered funds of the local agency to pay all or part of the cost of the improvements and collect those advanced moneys from the annual installments collected through the assessments.
 Borrow an amount necessary to finance the estimated cost of the proposed improvements. The amount borrowed, including amounts for bonds issued to finance the estimated cost of the proposed improvements.

C. DESCRIPTION OF IMPROVEMENTS AND SERVICES
The purpose of this District is to ensure the ongoing maintenance, operation and servicing of storm drain improvements established or installed in connection with development of properties within the District. The improvements may consist of all or portion of the storm drain infrastructure and appurtenant facilities within and associated with the development of properties within the Sterling Ridge residential subdivision. The District improvements generally include but are not limited to inlets, catch basins, storm drain pipes, outlets, pumps, filters, drainage basins and appurtenant facilities. The special benefit assessments to be levied for this District are intended to provide a revenue source for the ongoing maintenance and servicing of these District improvements including, but not limited to, the materials, equipment, labor and administrative expenses. However, the assessments are not intended to fund reconstruction or major renovations of the improvements and facilities.

The improvements to be maintained and funded entirely or partially through the District assessments are generally described as:
 Annual inspection and stencil maintenance of inlets & catch basins;  Cleaning and maintenance of catch basins as needed, including permits and documentation requirements (twenty-two catch basins are within the development);  Periodic cleaning of storm drain pipes, including permits and documentation requirements (approximately 8,630 linear feet of pipe);  Annual landscape maintenance and rodent control of the 2.74-acre drainage basin (portion of the costs);
 Cleaning, debris removal and de-silting of drainage basin and/or biofilter areas as needed;
 Minor repair of the storm drain outlets if damaged or any other damaged facilities caused by flooding (major repairs or reconstruction are excluded);  Regular operational costs to maintain and clean drainage basin pump and filters, including electrical costs (major repairs or replacement are excluded); and,  Annual maintenance and repair of the fencing around the 2.74-acre drainage basin (portion of the costs).

City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 6 of 23 PART II — METHOD OF APPORTIONMENT
A. BENEFIT ANALYSIS
The 1982 Benefit Act permits the establishment of assessment districts by agencies for the purpose of providing for the maintenance, servicing and operation of drainage improvements and appurtenant facilities. The 1982 Benefit Act further requires that the cost of these improvements and activities and the corresponding assessments shall be related to the benefit derived and the annual aggregate amount of the assessment shall not exceed the estimated annual cost of providing such improvements and the service.

The method of apportionment described in this Report for allocation of special benefit assessments utilizes commonly accepted engineering practices and have been established pursuant to the 1982 Benefit Act and the provisions of the California Constitution. The formula used for calculating assessments for the District reflects the composition of the parcels and the improvements provided to fairly apportion the costs based on special benefits to each parcel. Furthermore, pursuant to the Constitution Article XIIID, Section 4, a parcel’s assessment may not exceed the reasonable cost of the proportional special benefit conferred on that parcel and a parcel may only be assessed for special benefits received.

All improvements and services associated with the District have been identified as necessary, required and/or desired for the orderly development of the properties within the District to their full potential and consistent with the proposed development plans and the City’s General Plan. As such, these improvements would be necessary and required of individual property owners for the development of such properties and the ongoing operation, servicing and maintenance of the improvements and facilities would be the financial obligation of those properties. Therefore, the storm drain facilities and infrastructure, and the annual costs of ensuring the maintenance and operation of these improvements provide special benefits to the properties within the District. However, it is also recognized that a portion of the District improvements and services provides some benefits to properties outside the District boundaries or to the public at large and are therefore considered general benefit. Specifically, the drainage basin and related facilities including the drainage basin landscaping, fencing and pumps benefit developments in the area. All District costs have been identified as special benefit and shall be allocated to each property in proportion to the special benefits received.

B. ASSESSMENT METHODOLOGY
The method of apportionment for the District calculates the receipt of special benefit from the respective improvements based on the actual or proposed land use of the parcels within the District. The special benefit received by each lot or parcel is equated to the overall land use of parcels within the District based on the parcel’s actual land use or proposed development.

It has been determined that each of the residential parcels within the District receives special benefits from all the improvements to be funded by annual assessments and, based on the planned property development, a single zone of benefit is appropriate for the City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 7 of 23 allocation of the assessments and proportional benefit. At the writing of this Report, the parcels within the District had not been fully subdivided, based on available parcel information from the County Assessor’s Office. Therefore, the parcels within the District may be identified by one of the following land use classifications and is assigned a weighting factor known as an Equivalent Benefit Unit (EBU) that best reflects both the current and proposed use of each parcel. The EBUs calculated for a specific parcel defines that parcel’s proportional special benefits from the proposed District improvements, facilities and services.

Equivalent Benefit Units
To assess benefits equitably it is necessary to relate each property’s proportional special benefits to the special benefits of all other properties within the District. The EBU method of apportioning assessments uses the single-family home site as the basic unit of assessment. A single-family home site equals one EBU. All other land uses are converted to EBUs based on an assessment formula that equates the property’s specific development status, type of development (land use), and size of the property, as compared to a singlefamily home site.

The EBU method of apportioning special benefits is typically seen as the most appropriate and equitable assessment methodology for districts formed under the 1982 Benefit Act, as the benefits to each parcel from the improvements are apportioned as a function of land use type, size, and development. Although the EBU method of apportioning special benefit is commonly used and applied to districts that have a wide range of land use classifications (residential and non-residential use), this District is comprised of only residential properties and the following apportionment analysis of special benefit addresses only residential land uses. Not all land use types described in the following are necessarily applicable to the development of properties within this District, but are presented for comparison purposes to support the proportional special benefit applied to those land use types within the District:

EBU Application by Land Use:

Single-Family Residential — This land use is defined as a fully subdivided residential home site with or without a structure. This land use is assessed 1.00 EBU per lot or parcel.

This EBU is the base value that all other properties are compared and weighted against.

Multi-Family Residential — This land use is defined as a fully subdivided residential parcel that has more than one residential unit developed on the property. This land use typically includes apartments, duplexes, triplex etc. It does not typically include condominiums, town-homes or mobile home parks. Based on average population densities and size of the structure as compared to a typical single-family residential unit, multi-family residential parcels shall be proportionately assessed for the parcel’s total number of residential units utilizing a sliding benefit scale. Although multi-family properties typically receive similar benefits to that of a single-family residential property, it would not be reasonable to conclude that on a per unit basis, the benefits are equal. Studies have consistently shown that the average multi-family unit impacts infrastructure approximately 75% as much as a single-family residence (Sample Sources: Institute of Transportation Engineers Informational Report Trip Generation, Fifth Edition; Metcalf and Eddy, Wastewater City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 8 of 23 Engineering Treatment, Disposal, Reuse, Third Edition). These various studies indicate that most public improvements and infrastructure are utilized and impacted at reduced levels by multi-family residential units and a similar reduction in proportional benefit is appropriate. Furthermore, it is also reasonable to conclude that as the density (number of units) increases; the proportional benefit per unit tends to decline because the unit size and people per unit usually decreases. Based on these considerations and the improvements provided by this District, it has been determined that an appropriate allocation of special benefit for multi-family residential properties is best represented by the following special benefit assignment: 0.75 EBU per unit for the first 5 units; 0.50 EBU per unit for units 6 through 50; and 0.25 EBU per unit for all remaining units.

Condominium/Town-home Units — Condominiums and town-homes tend to share attributes of both single-family residential and multi-family residential properties and for this reason are identified as a separate land use classification. Like most single-family residential properties, these properties are not usually considered rental property and generally the County assigns each unit a separate APN or assessment number. However, condominiums and town-homes often have similarities to multi-family residential properties - they are generally zoned medium to high density and in some cases may involve multiple units on a single APN. In consideration of these factors it has been determined that an appropriate allocation of special benefit for condominiums, town-homes and similar residential properties is best represented by an assignment of 0.75 EBU per unit regardless of whether each unit is assigned an individual APN or there are multiple units assigned to an APN. There is no adjustment for parcels with more than five units.

Planned-Residential Development — This land use is defined as any property for which a tentative or final tract map has been filed and approved (a specific number of residential lots and units has been identified) and the property is expected to be subdivided within the fiscal year or is part of the overall improvement and development plan for the District. This land use classification oftentimes involves more than a single parcel (e.g. the approved tract map encompasses more than a single APN). Each parcel that is part of the approved tract map shall be assessed proportionately for the proposed or estimated residential type and units to be developed on that parcel as part of the approved tract map. Accordingly, each parcel is assigned an appropriate number of benefit units that reflects the development of that property at build-out. The EBU assigned to each parcel shall represent the combination of single-family, condominium, multi-family units to be developed.

Vacant Residential — This land use is defined as property currently zoned for residential development, but a tentative or final tract map for the property has not yet been approved.

Based upon the opinions of professional appraisers who appraise market property values for real estate in Southern California, the land value portion of a property typically ranges from 20 to 30 percent of the total value of a developed residential property (the average is about 25 percent). Therefore, it has been determined that a reasonable allocation of special benefit for this type of property would parallel the twenty-five percent (25%) apportionment of property value and the number of single-family residential units typically developed per acre (an average of 4 units per acre). Based on these factors this land use shall be assigned

1.0 EBU per acre (4 units per acre x 25%). Parcels less than one acre shall be assigned a minimum of 1.0 EBU (similar to a vacant lot within a residential tract). Recognizing that the City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 9 of 23 full and timely utilization of vacant property is reduced as the size of the property increases, it has been determined that the maximum EBU assigned to a vacant residential parcel shall not exceed 25.0 EBU (parcels in excess of 25 acres are assigned 25.0 EBU).

Exempt Parcels — This land use identifies properties that are not assessed and are assigned 0.00 EBU. This land use classification may include but is not limited to:
 Lots or parcels identified as public streets and other roadways (typically not assigned an APN by the County);
 Dedicated public easements including open space areas, utility rights-of-way, greenbelts, parkways, parks or other publicly owned properties that are part of the District improvements or that have little or no improvement value;  Private properties that cannot be developed independently from an adjacent property, such as common areas, sliver parcels, or bifurcated lots or properties with very restrictive development use.

These types of parcels are considered to receive little or no benefit from the improvements and are therefore exempted from assessment.

Special Cases — In many districts where multiple land use classifications are involved, there is usually one or more properties that the standard land use classifications or usual calculation of benefit will not accurately identify the special benefits received from the improvements. For example, a parcel may be identified as a Vacant Residential property, however only a small percentage of the parcel’s total acreage can actually be developed.

In this case, an appropriate calculation would be based on the net acreage that can be utilized rather than the gross acreage of the parcel. The following table provides a summary of land use types and the Equivalent Benefit Unit factors used to calculate each parcel’s individual EBU as outlined above.

Land Uses and Equivalent Benefit Units
Property Type
Equivalent
Benefit Units Multiplier
Single-family Residential 1.00 Per Unit/Lot/Parcel
Multi-family Residential

0.75 Per Unit for the First 5 Units

0.50 Per Unit for Units 6-50

0.25 Per Unit for all remaining units
Condominium/Town-home 0.75 Per Unit
Planned-Residential Development

1.00 Per Planned SF Residential Lot

0.75 Per Planned Condominium

0.25 Per Unit for all remaining units
Vacant 1.00 Per Acre
Exempt Parcels 0.00 Per Parcel
The following formula is used to calculate each parcel’s EBU (proportional benefit):

City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 10 of 23 Parcel Type EBU x Acres or Units = Parcel EBU
The total number of EBUs is the sum of all individual EBUs applied to parcels that receive special benefit from the improvements. An assessment amount per EBU (Assessment Rate) for the improvements is established by taking the total cost of the improvements and dividing that amount by the total EBUs of all the parcels benefiting from the improvements. This Rate is then applied back to each parcel’s individual EBU to determine the parcel’s proportionate benefit and assessment obligation for the improvements.

Total Balance to Levy / Total EBU = Levy per EBU
Levy per EBU x Parcel EBU = Parcel Levy Amount
C. ASSESSMENT RANGE FORMULA
Any new or increased assessment requires certain noticing and meeting requirements by law. Prior to the passage of Proposition 218 (California Constitution Articles XIIIC and XIIID), legislative changes in the Brown Act defined a "new or increased assessment" to exclude certain conditions. These conditions included "any assessment that does not exceed an assessment formula or range of assessments previously adopted by the agency or approved by the voters in the area where the assessment is imposed." This definition and conditions were later confirmed through Senate Bill 919 (Proposition 218 implementing legislation).

As part of the District formation, balloting of property owners was required pursuant to the California Constitution, Article XIIID, Section 4.

The assessment range formula for this District shall be applied to all future assessments and is generally defined as: if the proposed annual assessment (levy per EBU) for the upcoming fiscal year is less than or equal to the adjusted Maximum Assessment, then the proposed annual assessment is not considered an increased assessment. The Maximum Assessment is equal to the (Initial) Maximum Assessment established for Fiscal Year 2005/2006 adjusted annually by the annual percentage change in the Consumer Price Index (CPI) for the San Francisco-Oakland-Hayward Area for All Urban Consumers. The Maximum Assessment Rate for Fiscal Year 2021/2022 was $204.84 per EBU, the CPI increase for February 2022 is 5.19%. The adjusted Maximum Assessment Rate for Fiscal Year 2022/2023 is $215.48 per EBU.

Beginning in the second fiscal year (Fiscal Year 2006/2007) and each fiscal year thereafter, the Maximum Assessment is recalculated and a new Maximum Assessment established for that fiscal year. The Maximum Assessment shall be adjusted annually and is calculated independent of the District’s annual budget and proposed annual assessment. Any proposed annual assessment (rate per EBU) less than or equal to this Maximum Assessment is not considered an increased assessment, even if the proposed assessment is much greater than the assessment applied in the prior fiscal year.

City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 11 of 23 PART III — DISTRICT BUDGET S
Storm Drain District No. 05-01 (Sterling Ridge) General Benefit
Special
Benefit
Total
Budget

DIRECT COSTS
Annual Maintenance
Inspection & Abatement: Drainage Basins $1,265 $1,335 $2,600 Landscape Maint: Drainage Basins (incl utilities) 2,627 2,773 5,400 Annual Maint: Drainage Basins/Channelway fencing 487 513 1,000 Annual Inspc/Docs:Inlets, Manholes, Outlets, Etc 12 988 1,000 Annual Maint & Cleaning: Inlets, Manholes, Outlets, Etc 26 2,074 2,100 Annual Inspection & Maint: Storm Drain pipes 32 2,468 2,500 Annual pump operation (include electricity) 1,707 1,797 3,504 Annual Maintenance Expenses: Storm Drains $6,156 $11,948 $18,104 Total Annual Direct Costs $6,156 $11,948 $18,104

ADMINISTRATION COSTS
City Administration & Overhead $0 $4,100 $4,100
Professional Fes & Services 0 2,300 2,300
County Administration Fee 0 102 102
Miscellaneous/Other Admin Fees 0 338 338
Total Annual Administration Costs $0 $6,840 $6,840
TOTAL DIRECT AND ADMIN COSTS $6,156 $18,788 $24,944

COLLECTIONS/(CREDITS) APPLIED TO LEVY
Reserve Collection/(Transfer) $0 $13 $13
Capital Improvement Fund Collection/(Transfer) 0 0 0
Other Revenues/General Fund (Contributions) 0 0 0
TOTAL ADJUSTMENTS $0 $13 $13
BALANCE TO LEVY $6,156 $18,801 $24,957

DISTRICT STATISTICS
Total Parcels 361
Parcels Levied 361
Total EBU 361.00
Levy per EBU $69.13
Maximum Levy per EBU $215.48

FUND BALANCE INFORMATION
Beginning Reserve Fund Balance $80,428
Reserve Fund Activity 13
Ending Reserve Fund Balance $80,441
City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 12 of 23 PART IV — DISTRICT BOUNDARY MAPS
The parcels within the Riverbank Storm Drain District No. 05-01 (Sterling Ridge) consist of all lots, parcels and subdivisions of land located in the planned residential development known as Sterling Ridge. The District covers approximately forty-six (46) acres.

The following District Diagram is based on the Stanislaus County Assessor’s Maps and the Stanislaus County Assessor’s Secured Roll (as of July 2004) and identifies all the parcels of land within the proposed District. The combination of this map and the Assessment Roll contained in this Report constitute the District Assessment Diagram.

City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 13 of 23 City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 14 of 23

City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 15 of 23 PART V — 2022/2023 ASSESSMENT ROLL
Parcel identification for each lot or parcel within the District shall be the parcel as shown on the Stanislaus County Secured Roll for the year in which the Engineer’s Report is prepared and reflective of the Assessor’s Parcel Maps. A listing of the proposed lots and parcels to be assessed within this District along with the assessment amounts is provided herein.

City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 16 of 23 APN EBU Charge
075-049-001-000 1.0 $69.12
075-049-002-000 1.0 69.12
075-049-003-000 1.0 69.12
075-049-004-000 1.0 69.12
075-049-005-000 1.0 69.12
075-049-006-000 1.0 69.12
075-049-007-000 1.0 69.12
075-049-008-000 1.0 69.12
075-049-009-000 1.0 69.12
075-049-010-000 1.0 69.12
075-049-011-000 1.0 69.12
075-049-012-000 1.0 69.12
075-049-013-000 1.0 69.12
075-049-014-000 1.0 69.12
075-049-015-000 1.0 69.12
075-049-016-000 1.0 69.12
075-049-017-000 1.0 69.12
075-049-018-000 1.0 69.12
075-049-019-000 1.0 69.12
075-049-020-000 1.0 69.12
075-049-021-000 1.0 69.12
075-049-022-000 1.0 69.12
075-049-023-000 1.0 69.12
075-049-024-000 1.0 69.12
075-049-025-000 1.0 69.12
075-049-026-000 1.0 69.12
075-049-027-000 1.0 69.12
075-049-028-000 1.0 69.12
075-049-029-000 1.0 69.12
075-049-030-000 1.0 69.12
075-049-031-000 1.0 69.12
075-049-032-000 1.0 69.12
075-049-033-000 1.0 69.12
075-049-034-000 1.0 69.12
075-049-035-000 1.0 69.12
075-049-036-000 1.0 69.12
075-049-037-000 1.0 69.12
075-049-038-000 1.0 69.12
075-049-039-000 1.0 69.12
075-049-040-000 1.0 69.12
075-049-041-000 1.0 69.12
075-049-042-000 1.0 69.12
075-049-043-000 1.0 69.12
075-049-044-000 1.0 69.12
075-049-045-000 1.0 69.12
075-049-046-000 1.0 69.12
075-049-047-000 1.0 69.12
075-049-048-000 1.0 69.12
075-049-049-000 1.0 69.12
075-049-050-000 1.0 69.12
City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 17 of 23 APN EBU Charge
075-049-051-000 1.0 69.12
075-049-052-000 1.0 69.12
075-049-053-000 1.0 69.12
075-049-054-000 1.0 69.12
075-049-055-000 1.0 69.12
075-049-056-000 1.0 69.12
075-049-057-000 1.0 69.12
075-049-058-000 1.0 69.12
075-049-059-000 1.0 69.12
075-049-060-000 1.0 69.12
075-049-061-000 1.0 69.12
075-049-062-000 1.0 69.12
075-049-063-000 1.0 69.12
075-049-064-000 1.0 69.12
075-049-065-000 1.0 69.12
075-049-066-000 1.0 69.12
075-049-067-000 1.0 69.12
075-049-068-000 1.0 69.12
075-049-069-000 1.0 69.12
075-049-070-000 1.0 69.12
075-049-071-000 1.0 69.12
075-049-072-000 1.0 69.12
075-049-073-000 1.0 69.12
075-049-074-000 1.0 69.12
075-049-075-000 1.0 69.12
075-049-076-000 1.0 69.12
075-049-077-000 1.0 69.12
075-049-078-000 1.0 69.12
075-049-079-000 1.0 69.12
075-049-080-000 1.0 69.12
075-049-081-000 1.0 69.12
075-049-082-000 1.0 69.12
075-049-083-000 1.0 69.12
075-049-084-000 1.0 69.12
075-049-085-000 1.0 69.12
075-049-086-000 1.0 69.12
075-049-087-000 1.0 69.12
075-049-088-000 1.0 69.12
075-049-089-000 1.0 69.12
075-049-090-000 1.0 69.12
075-049-091-000 1.0 69.12
075-049-092-000 1.0 69.12
075-088-001-000 1.0 69.12
075-088-002-000 1.0 69.12
075-088-003-000 1.0 69.12
075-088-004-000 1.0 69.12
075-088-005-000 1.0 69.12
075-088-006-000 1.0 69.12
075-088-007-000 1.0 69.12
075-088-008-000 1.0 69.12
City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 18 of 23 APN EBU Charge
075-088-009-000 1.0 69.12
075-088-010-000 1.0 69.12
075-088-011-000 1.0 69.12
075-088-012-000 1.0 69.12
075-088-013-000 1.0 69.12
075-088-014-000 1.0 69.12
075-088-015-000 1.0 69.12
075-088-016-000 1.0 69.12
075-088-017-000 1.0 69.12
075-088-018-000 1.0 69.12
075-088-019-000 1.0 69.12
075-088-020-000 1.0 69.12
075-088-021-000 1.0 69.12
075-088-022-000 1.0 69.12
075-088-023-000 1.0 69.12
075-088-024-000 1.0 69.12
075-088-025-000 1.0 69.12
075-088-026-000 1.0 69.12
075-088-027-000 1.0 69.12
075-088-028-000 1.0 69.12
075-088-029-000 1.0 69.12
075-088-030-000 1.0 69.12
075-088-031-000 1.0 69.12
075-088-032-000 1.0 69.12
075-088-033-000 1.0 69.12
075-088-034-000 1.0 69.12
075-088-035-000 1.0 69.12
075-088-036-000 1.0 69.12
075-088-037-000 1.0 69.12
075-088-038-000 1.0 69.12
075-088-039-000 1.0 69.12
075-088-040-000 1.0 69.12
075-088-041-000 1.0 69.12
075-088-042-000 1.0 69.12
075-088-043-000 1.0 69.12
075-088-044-000 1.0 69.12
075-088-045-000 1.0 69.12
075-088-046-000 1.0 69.12
075-088-047-000 1.0 69.12
075-088-048-000 1.0 69.12
075-088-049-000 1.0 69.12
075-088-050-000 1.0 69.12
075-088-051-000 1.0 69.12
075-088-052-000 1.0 69.12
075-088-053-000 1.0 69.12
075-088-054-000 1.0 69.12
075-088-055-000 1.0 69.12
075-088-056-000 1.0 69.12
075-088-057-000 1.0 69.12
075-088-058-000 1.0 69.12
City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 19 of 23 APN EBU Charge
075-088-059-000 1.0 69.12
075-088-060-000 1.0 69.12
075-088-061-000 1.0 69.12
075-088-062-000 1.0 69.12
075-088-063-000 1.0 69.12
075-089-001-000 1.0 69.12
075-089-002-000 1.0 69.12
075-089-003-000 1.0 69.12
075-089-004-000 1.0 69.12
075-089-005-000 1.0 69.12
075-089-006-000 1.0 69.12
075-089-007-000 1.0 69.12
075-089-008-000 1.0 69.12
075-089-009-000 1.0 69.12
075-089-010-000 1.0 69.12
075-089-011-000 1.0 69.12
075-089-012-000 1.0 69.12
075-089-013-000 1.0 69.12
075-089-014-000 1.0 69.12
075-089-015-000 1.0 69.12
075-089-016-000 1.0 69.12
075-089-017-000 1.0 69.12
075-089-018-000 1.0 69.12
075-089-019-000 1.0 69.12
075-089-020-000 1.0 69.12
075-089-021-000 1.0 69.12
075-089-022-000 1.0 69.12
075-089-023-000 1.0 69.12
075-089-024-000 1.0 69.12
075-089-025-000 1.0 69.12
075-089-026-000 1.0 69.12
075-089-027-000 1.0 69.12
075-089-028-000 1.0 69.12
075-089-029-000 1.0 69.12
075-089-030-000 1.0 69.12
075-089-031-000 1.0 69.12
075-089-032-000 1.0 69.12
075-089-033-000 1.0 69.12
075-089-034-000 1.0 69.12
075-089-035-000 1.0 69.12
075-089-036-000 1.0 69.12
075-089-037-000 1.0 69.12
075-089-038-000 1.0 69.12
075-089-039-000 1.0 69.12
075-089-040-000 1.0 69.12
075-089-041-000 1.0 69.12
075-089-042-000 1.0 69.12
075-089-043-000 1.0 69.12
075-089-044-000 1.0 69.12
075-089-045-000 1.0 69.12
City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 20 of 23 APN EBU Charge
075-089-046-000 1.0 69.12
075-089-047-000 1.0 69.12
075-089-048-000 1.0 69.12
075-089-049-000 1.0 69.12
075-089-050-000 1.0 69.12
075-089-051-000 1.0 69.12
075-089-052-000 1.0 69.12
075-089-053-000 1.0 69.12
075-089-054-000 1.0 69.12
075-089-055-000 1.0 69.12
075-089-056-000 1.0 69.12
075-089-057-000 1.0 69.12
075-089-058-000 1.0 69.12
075-090-001-000 1.0 69.12
075-090-002-000 1.0 69.12
075-090-003-000 1.0 69.12
075-090-004-000 1.0 69.12
075-090-005-000 1.0 69.12
075-090-006-000 1.0 69.12
075-090-007-000 1.0 69.12
075-090-008-000 1.0 69.12
075-090-009-000 1.0 69.12
075-090-010-000 1.0 69.12
075-090-011-000 1.0 69.12
075-090-012-000 1.0 69.12
075-090-013-000 1.0 69.12
075-090-014-000 1.0 69.12
075-090-015-000 1.0 69.12
075-090-016-000 1.0 69.12
075-090-017-000 1.0 69.12
075-090-018-000 1.0 69.12
075-090-019-000 1.0 69.12
075-090-020-000 1.0 69.12
075-090-021-000 1.0 69.12
075-090-022-000 1.0 69.12
075-090-023-000 1.0 69.12
075-090-024-000 1.0 69.12
075-090-025-000 1.0 69.12
075-090-026-000 1.0 69.12
075-090-027-000 1.0 69.12
075-090-028-000 1.0 69.12
075-090-029-000 1.0 69.12
075-090-030-000 1.0 69.12
075-090-031-000 1.0 69.12
075-090-032-000 1.0 69.12
075-090-033-000 1.0 69.12
075-090-034-000 1.0 69.12
075-090-035-000 1.0 69.12
075-090-036-000 1.0 69.12
075-090-037-000 1.0 69.12
City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 21 of 23 APN EBU Charge
075-090-038-000 1.0 69.12
075-090-039-000 1.0 69.12
075-090-040-000 1.0 69.12
075-090-041-000 1.0 69.12
075-090-042-000 1.0 69.12
075-090-043-000 1.0 69.12
075-090-044-000 1.0 69.12
075-090-045-000 1.0 69.12
075-090-046-000 1.0 69.12
075-090-047-000 1.0 69.12
075-090-048-000 1.0 69.12
075-090-049-000 1.0 69.12
075-090-050-000 1.0 69.12
075-090-051-000 1.0 69.12
075-090-052-000 1.0 69.12
075-090-053-000 1.0 69.12
075-090-054-000 1.0 69.12
075-090-055-000 1.0 69.12
075-090-056-000 1.0 69.12
075-090-057-000 1.0 69.12
075-090-058-000 1.0 69.12
075-090-059-000 1.0 69.12
075-090-060-000 1.0 69.12
075-090-061-000 1.0 69.12
075-090-063-000 1.0 69.12
075-095-001-000 1.0 69.12
075-095-002-000 1.0 69.12
075-095-003-000 1.0 69.12
075-095-004-000 1.0 69.12
075-095-005-000 1.0 69.12
075-095-006-000 1.0 69.12
075-095-007-000 1.0 69.12
075-095-008-000 1.0 69.12
075-095-009-000 1.0 69.12
075-095-010-000 1.0 69.12
075-095-011-000 1.0 69.12
075-095-012-000 1.0 69.12
075-095-013-000 1.0 69.12
075-095-014-000 1.0 69.12
075-095-015-000 1.0 69.12
075-095-016-000 1.0 69.12
075-095-017-000 1.0 69.12
075-095-018-000 1.0 69.12
075-095-019-000 1.0 69.12
075-095-020-000 1.0 69.12
075-095-021-000 1.0 69.12
075-095-022-000 1.0 69.12
075-095-023-000 1.0 69.12
075-095-024-000 1.0 69.12
075-095-025-000 1.0 69.12
City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 22 of 23 APN EBU Charge
075-095-026-000 1.0 69.12
075-095-027-000 1.0 69.12
075-095-028-000 1.0 69.12
075-095-029-000 1.0 69.12
075-095-030-000 1.0 69.12
075-095-031-000 1.0 69.12
075-095-032-000 1.0 69.12
075-095-033-000 1.0 69.12
075-095-034-000 1.0 69.12
075-095-035-000 1.0 69.12
075-095-036-000 1.0 69.12
075-095-037-000 1.0 69.12
075-095-038-000 1.0 69.12
075-095-039-000 1.0 69.12
075-095-040-000 1.0 69.12
075-095-041-000 1.0 69.12
075-095-042-000 1.0 69.12
075-095-043-000 1.0 69.12
075-095-044-000 1.0 69.12
075-095-045-000 1.0 69.12
075-095-046-000 1.0 69.12
075-095-047-000 1.0 69.12
075-095-048-000 1.0 69.12
075-095-049-000 1.0 69.12
075-095-050-000 1.0 69.12
075-095-051-000 1.0 69.12
075-095-052-000 1.0 69.12
075-095-053-000 1.0 69.12
075-095-054-000 1.0 69.12
075-095-055-000 1.0 69.12
075-095-056-000 1.0 69.12
075-095-057-000 1.0 69.12
075-095-058-000 1.0 69.12
075-095-059-000 1.0 69.12
075-095-060-000 1.0 69.12
075-095-061-000 1.0 69.12
075-095-062-000 1.0 69.12
075-095-063-000 1.0 69.12
075-095-064-000 1.0 69.12
075-095-065-000 1.0 69.12
075-095-066-000 1.0 69.12
075-095-067-000 1.0 69.12
075-095-068-000 1.0 69.12
075-095-069-000 1.0 69.12
075-095-070-000 1.0 69.12
075-095-071-000 1.0 69.12
075-095-072-000 1.0 69.12
075-095-073-000 1.0 69.12
075-095-074-000 1.0 69.12
075-095-075-000 1.0 69.12
City of Riverbank
2022/2023 Storm Drain District No. 05-1 Sterling Ridge Page 23 of 23 APN EBU Charge
075-095-076-000 1.0 69.12
075-095-077-000 1.0 69.12
075-095-078-000 1.0 69.12
075-095-079-000 1.0 69.12
075-095-080-000 1.0 69.12
075-095-081-000 1.0 69.12
075-095-082-000 1.0 69.12
075-095-083-000 1.0 69.12
075-095-084-000 1.0 69.12
075-095-085-000 1.0 69.12
075-095-086-000 1.0 69.12
Total 361.0 $24,952.32
*Total may differ from budget due to rounding.

Page 1 of 2 ends

Item 9.5 – CC/LRA – 06/14/2022

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 9.5
SSECTION 9: CONSENT CALENDAR
Meeting Date: June 14, 2022
Subject: Adopt a Resolution Adopting a List of Projects for Fiscal Year 2022- 2023 Funded by SB 1: The Road Repair and Accountability Act of 2017 From: Marisela H. Garcia, City Manager
Submitted by: Kathleen Cleek, Development Services Administration Manager

RECOMMENDATION
It is recommended that the City Council approve a Resolution adopting a list of projects for fiscal Year 2022-2023 funded by SB 1: The Road Repair and Accountability Act of 2017.

SUMMARY
On April 28, 2017, Governor Brown signed Senate Bill (SB) 1, which is known as the Road Repair and Accountability Act of 2017. The primary focus of the Bill is to address basic road maintenance, rehabilitation, and critical safety needs on both the state highways and local streets and roads system. Prior to receiving new Fiscal Year apportionments of Road Maintenance and Rehabilitation Account (RMRA) funds from the California State Controller, the city must adopt a list of projects proposed to be funded with these funds by resolution and submitted to the State by July 1 of each year.

The City is projected to receive $574,000 in RMRA funding for Fiscal Year 2022-2023 from SB 1. The City currently has $233,670 set aside from Fiscal Year 2021-2022 for the Topeka Street Overlay (Callander – Jackson Avenue). The total amount the City will have available for projects is $807,670. The projects the City has scheduled for this year are as follows:

Topeka Street Overlay – Callander to Jackson FY 2021-22 Funds $ 233,670 Topeka Street Overlay – Callander to Jackson FY 2022-23 Funds $ 157,180 Valley Gutter/ADA Improvements – Stanislaus St @ Seventh St. $ 96,820 Second Street Overlay – Atchison to Sierra Street $ 320,000 Total $ 807,670

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Item 9.5 – CC/LRA – 06/14/2022

FINANCIAL IMPACT
SB-1 Streets & Roads funded projects totaling approximately $807,670.

The RMRA funds do require a Maintenance of Effort (MOE) from the City based on General Fund spending for street, road and highway purposes. City staff is continuing to work with the State to comply with the MOE requirements.

STRATEGIC PLAN
Recommendation for approval of the Fiscal Year 2022-2023 list of roads to be maintained is in line with the 2020-2025 Riverbank Strategic Plan goal to Improve Public Safety by maintaining safe and well-lit streets and roads.

RECOMMENDATION
It is recommended that the City Council approve a Resolution accepting the Fiscal Year 2022-2023 list of projects to be funded with Senate Bill (SB) 1 “The Road Repair and Accounting Act of 2017”.

ATTACHMENTS

1. Draft City Council Resolution 2022-

2. Exhibit “A” - City of Riverbank SB-1 Project List FY 2022/2023 Funding ATTACHMENT 1

Page 1 of 3 ends

CC/LRA – 05/24/2022
CC Resolution 2022-

CITY OF RIVERBANK
RESOLUTION 2022-

A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF RIVERBANK, CALIFORNI
ADOPTING A LIST OF PROJECTS FOR FISCAL YEAR 2022-23
FUNDED BY SB 1: THE ROAD REPAIR AND ACCOUNTABILITY ACT OF 2017

THE CITY OF RIVERBANK CITY COUNCIL (HEREAFTER REFERRED TO AS THE “CITY COUNCIL”) DOES HEREBY RESOLVE THAT:

WHEREAS, Senate Bill 1 (SB 1), the Road Repair and Accountability Act of 2017 (Chapter 5, Statutes of 2017) was passed by the Legislature and Signed into law by the Governor in April 2017 to address the significant multi-modal transportation funding shortfalls statewide; and
WHEREAS, SB 1 includes accountability and transparency provisions that will ensure the residents of the City of Riverbank are aware of the projects proposed for funding in our community and which projects have been completed each fiscal year; and
WHEREAS, the City of Riverbank must adopt by resolution a list of projects proposed to receive fiscal year funding from the Road Maintenance and Rehabilitation Account (RMRA), created by SB 1, which must include a description and the location of each proposed project, a proposed schedule for the project’s completion, and the estimated useful life of the improvement; and
WHEREAS, the City of Riverbank, will receive an estimated $574,000 in RMRA funding in Fiscal Year 2022-2023 from SB 1; and
WHEREAS, this is the 4th year in which the City of Riverbank is receiving SB 1 funding and will enable the City to continue essential road maintenance and rehabilitation projects, safety improvements, repairing and replacing aging bridges, and increasing access and mobility options for the traveling public that would not have otherwise been possible without SB 1; and
WHEREAS, the City has undergone a robust public process to ensure public input into our community’s transportation priorities/the project list; and WHEREAS, the City used a Pavement Management System to develop the SB 1 project list to ensure revenues are being used on the most high-priority and cost-

Page 2 of 3 ends

CC/LRA – 06/14/2022
CC Resolution 2022-
effective projects that also meet the community’s priorities for transportation investment; and
WHEREAS, the funding from SB 1 will help the City rehabilitate two roads and improve a valley gutter and ADA corners at an intersection this year and continue to crack seal and slurry seal roads into the future; and
WHEREAS, the 2018 California Statewide Local Streets and Roads Needs Assessment found that the City’s streets and roads are in good condition and this revenue will help us increase the overall quality of our road system and over the next decade will bring our streets and roads into excellent condition; and WHEREAS, the SB 1 project list and overall investment in our local streets and roads infrastructure with a focus on basic maintenance and safety, investing in complete streets infrastructure, and using cutting-edge technology, materials and practices, will have significant positive co-benefits statewide.

NOW, THEREFORE IT IS HEREBY RESOLVED, ORDERED AND FOUND that the City Council of the City of Riverbank, State of California, hereby orders and declares as follows:

1. The foregoing recitals are true and correct.

2. The following list of newly proposed projects will be funded in-part or solely with Fiscal Year 2022-2023 Road Maintenance and Rehabilitation Account revenues:

Valley Gutter/ADA Improvements (Stanislaus Street @ Seventh Street) – Valley Gutter/ADA Improvements – FY 2022-2023 Funds $100,000, Start FY 2022, Complete FY 2022, Estimated Useful Life Minimum 15 Years, Estimated Useful Life Maximum 20 Years
Second Street Overlay (Atchison to Sierra) – Overlay/Valley Gutter/ADA Improvements – FY 2022-2023 Funds $320,000, Start FY 2022, Complete FY 2023, Estimated Useful Life Minimum 15 Years, Estimated Useful Life Maximum 20 Years

3. The following previously proposed and adopted project may also utilize Fiscal Year 2022-2023 Road Maintenance and Rehabilitation Account revenues in their delivery. With the relisting of this project in the adopted fiscal year resolution, the City is reaffirming to the public and the State our intent to fund these projects with Road Maintenance and Rehabilitation Account revenues:

Topeka Street Overlay (Callander to Jackson) – Overlay/Sidewalk/ADA Improvements – FY 2022-2023 Funds $157,180, Start FY 2022, Complete FY

Page 3 of 3 ends

CC/LRA – 06/14/2022
CC Resolution 2022-
2023, Estimated Useful Life Minimum 15 Years, Estimated Useful Life Maximum 20 years
PASSED AND ADOPTED by the City Council of the City of Riverbank at a regular meeting held on the 14th day of June 2022; motioned by Councilmember District________, seconded by Councilmember District ________, and upon roll call was carried by the following City Council vote of _____.

AYES:

NAYS:

ABSENT:

ABSTAINED:

ATTEST: APPROVED:
________________________ _________________________
Kathy L. Teixeira Richard D. O’Brien
Interim City Clerk Mayor
Attachment: Exhibit A – City of Riverbank SB-1 Project List FY 2022/2023 Funding Type Projects Description Budget Started Completed
Estimated
Useful Life
Minimum
Estimated
Useful Life
Maximum
Local Streets and Roads
Overlay Topeka Street Overlay (Callander to Jackson) Overlay/Sidewalk/ADA Improvements $157,180 FY2022 FY2023 15 Years 20 Years Valley Gutter/ADA Improvements Stanislaus Street @ Seventh Street Valley Gutter/ADA Improvements $96,820 FY2022 FY2022 15 Years 20 Years Overlay Second Street (Atchison to Sierra) Overlay/Valley Gutter/ADA Improvements $320,000 FY2022 FY2023 15 Years 20 Years Exhibit "A" City of Riverbank SB-1 Project List FY 2022/2023 Funding ATTACHMENT 2

Page 1 of 2 ends

Item 9.6 - CC / LRA 06/14/22

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 9.6
SECTION 9: CONSENT CALENDAR
Meeting Date: June 14, 2022
Subject/ Title: Adopt a Resolution to Award Bid for the Santa Fe Street between 5th and 7th Streets Project to George Reed, Inc. and Authorize Execution of Future Change Orders
From: Marisela H. Garcia, City Manager
Submitted by: Kathleen Cleek, Development Services Administration Manager Laura Graybill, Senior Project Coordinator

RECOMMENDATION
It is recommended that City Council approve two (2) actions by a roll call vote:

1. Adopt a Resolution to Award bid to the lowest responsible bidder, George Reed, Inc.; and

2. Authorize the City Manager to execute Change Orders within total project budget.

SUMMARY
The location of the project is along Santa Fe Street from Fifth Street to Seventh Street in front of Cardozo Middle School, Teen Center, Community Center and Park. The project consists of resurfacing, replacing some curb, gutter and sidewalk and ADA improvements. The project will construct eight curb ramps and four ADA parking spaces. The purpose of the project is to improve and restore the existing asphalt within this corridor as well as meet necessary ADA requirements. This project is needed to prevent a more costly pavement replacement, ensure the safety of the traveling public and promote a safe and walkable corridor.

The bid opening was held on Tuesday, June 7, 2022 to consider the bids for the Santa Fe Street between 5th and 7th Streets Project. The following bids were received:

George Reed, Inc. $623,626.00
United Pavement Maintenance, Inc. $705,568.54
Dirt Dynasty, Inc. $739,390.53

Page 2 of 2 ends

Item 9.6 - CC / LRA 06/14/22
Work on the project includes, but is not limited to, furnishing all labor, materials, equipment, transportation, and incidentals necessary for removal of curb, gutter and sidewalk, removal of asphalt and base rock, installation of new asphalt and base rock, installation of new curb, gutter and sidewalk, installation of new striping, traffic control and all other work included on the plans for the above mentioned project.

Bids have been reviewed and George Reed, Inc. has been identified as the lowest responsible bidder for the project.

It is requested that the City Council provide the City Manager authorization to execute Change Orders if they are within total budget.

FINANCIAL IMPACT
Funding has been programmed for this project with Regional Surface Transportation Program (RSTP) Funds, $271,276.00 and Measure L Funds, $565,227.00.

ATTACHMENTS

1. Draft City Council Resolution 2022-

2. Contract

3. Site Map
ATTACHMENT 1

Page 1 of 2 ends

CC/LRA – 05/24/2022
CC Resolution 2022-

CITY OF RIVERBANK
RESOLUTION NO. 2022-___

A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF RIVERBANK, CALIFORNIA

TO AWARD A CONTRACT FOR THE SANTA FE STREET BETWEEN
5TH and 7TH STREETS PROJECT WITH GEORGE REED, INC,
IN THE AMOUNT OF $623,626, AND AUTHORIZE THE CITY MANAGER TO

EXECUTE SAID CONTRACT AND APPROVE THE CHANGE ORDERS UP TO THE PROJECT CONTINGENCY FUND OF $212,877

THE CITY OF RIVERBANK CITY COUNCIL (HEREAFTER REFERRED TO AS THE “CITY COUNCIL”) DOES HEREBY RESOLVE THAT:

WHEREAS, the Santa Fe Street between 5th and 7th Streets Project includes the renovation of Santa Fe Street by constructing two basketball courts, erosion control, and minor amenities; and
WHEREAS, the City published a Notice to Bidders inviting interested bidders to submit their sealed bids for the Project; and
WHEREAS, on June 7, 2022, the City of Riverbank received three (3) bids and publicly opened and read the bids; and
WHEREAS, the apparent responsive and responsible low bidder is George Reed, Inc., in the amount of $623,626; and
WHEREAS, staff also recommends that the City Council approve a project contingency of $212,877 for the Project to fund additional work as needed during renovation and construction; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Riverbank hereby approves a contract with George Reed, Inc., in the amount of $623,626; and
AND NOW THEREFORE BE IT FURTHER RESOLVED that the City Council of the City of Riverbank authorizes the City Manager to execute the said contract and approve change orders up to the project contingency funds of $212,877.

PASSED AND ADOPTED by the City Council of the City of Riverbank at a regular meeting held on the 14th day of June, 2022; motioned by Councilmember

Page 2 of 2 ends

CC/LRA – 06/14/2022
CC Resolution 2022-
________, seconded by Councilmember _________, and upon roll call was carried by the following City Council vote of _____:

AYES:

NAYS:

ABSENT:

ABSTAINED:

ATTEST: APPROVED:
_________________________ _____________________________ Kathy L. Teixeira Richard D. O’Brien
Interim City Clerk Mayor
Attachment: Contract
ATTACHMENT 2

CONTRACT
THIS AGREEMENT, made and entered into this ______ day of June, 2022, by and between the City of Riverbank, California, and George Reed, Inc., herein called the "Contractor." That for and in consideration of the payments and agreements hereinafter mentioned, to be made and performed by the City of Riverbank, the contractor hereby agrees with the City of Riverbank to commence and complete the work embraced in the Plans, Specifications and Contract Documents for the Santa Fe Street between 5th & 7th Project, under the terms as stated therein, and at the contractor’s own proper cost and expense to furnish all plant, labor, materials, tools, equipment, superintendence, bonds, insurance, guarantees and other accessories and services necessary therefor. Said Plans, Specifications and Contract Documents are all made a part hereof and together herewith collectively evidence and constitute the Contract.

The City of Riverbank shall pay or cause to have paid to the Contractor, for the performance of the Contract, subject to additions and deductions provided therein the sum of $623,626.00 in lawful money of the United States and shall be paid in payments in accordance with and subject to the provisions embodied in the Documents made a part of this contract. The contract sum as herein stipulated shall include all applicable taxes.

The contractor hereby further agrees to commence work under this Contract and to prosecute the same to completion within the time limits prescribed in the Specifications and Contract Documents; and further agrees to pay, as liquidated damages, the sum of $500.00 for each calendar day of delay in completing said work or any portion thereof in excess of said time limits and any authorized time extensions.

The contractor hereby certifies that he is aware of and will comply with the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for workmen's compensation or to undertake self-insurance before commencing any of the work.

Pursuant to Section 1770 of the California Labor Code, the Successful Bidder shall pay not less than the prevailing rate of per diem wages as determined by the Director the California Department of Industrial Relations.

Copies of such prevailing rate of per diem wages are on file at the office of the Owner, which copies shall be made available to any interested party on request. The Successful Bidder shall post a copy of such determination at each job site.

The provisions of California Labor Code Sections 1777.5 and 1777.6 shall apply to the employment of apprentices by contractor or any subcontractor.

All provisions of the California Occupational Safety and Health Act of 1973 (CALOSHA), as amended, shall be adhered to by contractor and any subcontractor.

The City of Riverbank hereby agrees with the contractor to employ, and does hereby employ, the contractor for the performance of the contract according to the terms and conditions herein contained and referred to, and further agrees to pay the contractor for the performance of the Contract in accordance with the prices set forth in the contractor's proposal, a copy of which is bound herein, subject to additions and deductions as provided in the Specifications and Contract Documents, and to make payments on a monthly basis as provided in the Specifications.

For any moneys earned by the contractor and withheld by the City of Riverbank to ensure the performance of the Contract, the contractor may, at his request and expense, substitute securities equivalent to the amount withheld in the form and manner and subject to the conditions provided in Chapter 13 (commencing with Section 4590), Division 5, Title 1 of the Government Code of the State of California.

Any worker’s time of service is restricted to 8 hours during any calendar day, and 40 hours during any calendar week, unless overtime compensation is paid at least one and one-half times the basic rate of pay. The contractor must pay a penalty of $25.00 for each day a worker or employee is in violation of these provisions.

Contractor and Subcontractors are required to keep accurate payroll records and submit certified payroll upon the City of Riverbank’s request.

To the fullest extent permitted by law, Contractor shall indemnify, hold harmless and defend the City and its agents, officers and employees from and against all claims, damages, losses, judgments, liabilities, expenses and other costs, including litigation costs and attorneys’ fees, arising out of, resulting from, or in connection with the performance of this Agreement by the Contractor or Contractor's officers, employees, agents, representatives or subcontractors and resulting in or attributable to personal injury, death, or damage or destruction to tangible or intangible property, including the loss of use. Notwithstanding the foregoing, Contractor's obligation to indemnify the City and its agents, officers and employees for any judgment, decree or arbitration award shall extend only to the percentage of negligence or responsibility of the Contractor in contributing to such claim, damage, loss and expense.

Contractor's obligation to defend, indemnify and hold the City and its agents, officers and employees harmless under the provisions of this paragraph is not limited to or restricted by any requirement in this Agreement for Contractor to procure and maintain a policy of insurance.

To the fullest extent permitted by law, the City shall indemnify, hold harmless and defend the Contractor and its officers, employees, agents, representatives or subcontractors from and against all claims, damages, losses, judgments, liabilities, expenses and other costs, including litigation costs and attorney's fees, arising out of or resulting from the negligence or wrongful acts of City and its officers or employees.

Federal Form FHWA 1273 attached as “Exhibit A” is hereby made part of this Contract. Contractor will also add Federal Form FHWA 1273 attached as “Exhibit A” to all Subcontractors Contracts associated with this Contract and made a part of the Subcontract.

Federal Minimum Wage Rates attached as “Exhibit B” is hereby made part of this Contract. Contractor will also add Federal Minimum Wage Rates attached as “Exhibit B” to all Subcontractors Contracts associated with this Contract and made a part of the Subcontract.

IN WITNESS WHEREOF, the City of Riverbank and the contractor have executed this Contract in three counterparts, each of which shall be deemed an original, on the date first above written.

FOR THE City of Riverbank:

By: _____________________________ Date:_____________________________

FOR THE CONTRACTOR
By:____________________________ Date::_____________________________ I hereby certify that I have examined this Contract and find it to be in accordance with the provisions of the California Local City of Riverbank Public Construction Act and the Laws of Cities of the General Law Class and the applicable provisions of the Public Contracts Code.

By________________________________
Tom Hallinan, City of Riverbank Attorney
Santa Fe Street
Between 5th Street and 7th Street
N
➤
© 2018 Google
© 2018 Google
ATTACHMENT 3

Page 1 of 2 ends

Item 9.7 – CC/LRA 06/14/2022

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 9.7
SECTION 9: CONSENT CALENDAR
Meeting Date: June 14, 2022
Subject/ Title: Adopt a Resolution to Award Landscape & Lighting and Storm Drain Maintenance Contract and Authorize the City Manager to Enter Into a 3-Year Contract with Grover Landscaping Services, Inc.

From: Marisela H. Garcia, Interim City Manager
Submitted by: Kathleen Cleek, Development Services Administration Manager

RECOMMENDATION
It is recommended that City Council award the Landscape & Lighting and Storm Drain Maintenance Contract and authorize the City Manager to enter into a 3-year contract with Grover Landscaping Services, Inc.

SUMMARY
In August of 2006 the City entered into a contract with Grover Landscape Services to provide landscape maintenance to the City’s Landscape & Lighting and Storm Drain Districts. This contract was extended in 2016. The City received a letter from Mark Grover, President of Grover Landscaping dated March 17, 2022 stating that their 2016 pricing is no longer sustainable due to the COVID pandemic, supply-chain shortages and on-going inflation. Since it had been over 15 years since the initial Request for Proposal (RFP) for maintenance services was sent out, the City made the decision to send out a new Request for Proposal for landscape services. The RFP was sent out on April 27, 2022 to 17 landscape contractors as well as various Builder Exchanges.

The City received 2 proposals for the maintenance of 5 Landscape & Lighting Districts and 2 Storm Drain Districts:

Grover Landscape Services Inc. $260,100.00 Annually
Silva Landscape $350,880.00 Annually
The maintenance contract includes mowing all lawn areas, trimming around sprinklers and mowing strips, maintain lawns in a weed-free condition, aerate lawn areas along

Page 2 of 2 ends

Item 9.7 – CC/LRA 06/14/2022
streets and medians, fertilizer application, control pests including rodents and snails, trim shrubs, hedges and ground covers, remove dead or diseased shrubs, tree pruning, clean up, trash pick-up and seasonal leaf pick up. Other services such as repairs, tree removals, vandalism and extra work not detailed in the contract are done at an additional cost with prior approval from the City.

FINANCIAL IMPACT
The overall increase to the maintenance of the districts is 33%. The costs associated with services provided in the Landscape and Lighting Districts are funded by assessments paid by the property owners in the respective districts, so they are not General Fund expenses.

ATTACHMENTS

1) Draft City Council Resolution 2022-,
2) Service Agreement with Grover Landscaping Services, Inc.

ATTACHMENT 1

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CC/LRA – 05/24/2022
CC Resolution 2022-

CITY OF RIVERBANK
RESOLUTION 2022-

A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF RIVERBANK, CALIFORNIA

AWARDING LANDSCAPE & LIGHTING AND STORM DRAIN MAINTENANCE

CONTRACT AND AUTHORIZING THE CITY MANAGER TO ENTER INTO A 3-YEAR CONTRACT WITH GROVER LANDSCAPING SERVICES, INC.

THE CITY OF RIVERBANK CITY COUNCIL (HEREAFTER REFERRED TO AS THE “CITY COUNCIL”) DOES HEREBY RESOLVE THAT:

WHEREAS, the City of Council awarded Landscape & Lighting and Storm Drain Maintenance Contract to Grover Landscaping, Inc.; and
WHEREAS, the City Council authorizes the City Manager to enter into a 3-year contract with Grover Landscaping Services, Inc.; and
WHEREAS, this contract covers the maintenance of the City’s 5 Landscape & Lighting Districts and 2 Storm Drain Districts; and
WHEREAS, the maintenance contract includes mowing all lawn areas, trimming around sprinklers and mowing strips, maintain lawns in a weed-free condition, aerate lawn areas along streets and medians, fertilizer application, control pests including rodents and snails, trim shrubs, hedges and ground covers, remove dead or diseased shrubs, tree pruning, clean up, trash pick-up and seasonal leaf pickup; and WHEREAS, other services such as repairs, tree removals, vandalism and extra work not detailed in the contract are done at an additional cost with prior approval from the City.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Riverbank awards Landscape & Lighting and Storm Drain Maintenance contract and authorizes the City Manager to enter into a 3-year contract with Grover Landscaping Services, Inc.

PASSED AND ADOPTED by the City Council of the City of Riverbank at a regular meeting held on the 14th day of June, 2022; motioned by Councilmember ___________, seconded by Councilmember __________, and upon roll call was carried by the following City Council vote of _____:

AYES:

Page 1 of 2 ends

CC/LRA – 06/14/2022
CC Resolution 2022-
NAYS:

ABSENT:

ABSTAINED:

Attest: Approved:
_________________________ ___________________________
Kathy L. Teixeira Richard D. O’Brien
Interim City Clerk Mayor
ATTACHMENT 2

Page 1 of 3 ends

Item 9.8 – CC/LRA – 06/14/2022

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 9.8
SECTION 9: CONSENT CALENDAR
Meeting Date: June 14, 2022
Subject: A Resolution Authorizing the Senior Neighborhood Improvement Officer Job Classification and Salary Range; and Amending the City of Riverbank Compensation Plan for the Addition
From: Marisela Garcia, City Manager
Submitted by: Cheryl Stefani, Human Resources Analyst

RECOMMENDATION
It is recommended the City Council consider adopting a Resolution to authorize the Senior Neighborhood Improvement Officer Classification and Salary Range; and consider amending the City of Riverbank Compensation Plan for the addition of the classification and salary range.

SUMMARY
The Senior Neighborhood Improvement Officer classification differs from the current Neighborhood Improvement Officer I-II classifications in that the Senior classification will be responsible for supervising the current Neighborhood Improvement Officer I-II. The Senior Neighborhood Improvement Officer will oversee that vehicle abatement, illegal cannabis abatement, and organic waste inspections and monitoring will continue/begin in addition to the other responsibilities including weed abatements and citizen complaints.

BACKGROUND
As the City of Riverbank continues to grow, so do the number of citizen complaints, building code violations, and State mandates. The Senior Neighborhood Improvement Officer will ensure these complaints and violations, and the organic waste monitoring mandate receive the attention required to be in compliance with the Municipal Code and State mandate. The Senior Neighborhood Improvement Officer classification and duties will allow for the Planning & Building Manager to shift attention from daily code enforcement activities and focus more on long-range planning activities. The Planning & Building Manager will be kept up-to-date with neighborhood improvement actions and be available for consultation as needed.

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Item 9.8 – CC/LRA – 06/14/2022
The proposed salary for the Senior Neighborhood Improvement Officer classification is requested to be Range 122 with the following salaries:

Senior Neighborhood Improvement Officer
Salary Range Step A Step B Step C Step D Step E
122 – Annual $61,008.00 $64,058.40 $67,261.32 $70,624.44 $74,155.68 122 – Monthly $ 5,084.00 $ 5,338.20 $ 5,605.11 $ 5,885.37 $ 6,179.64

STRATEGIC PLAN
The approval of the Senior Neighborhood Improvement Officer classification correlates with two of the City Council’s Strategic Plan Goals to: 1) Attract, Develop, and Retain Quality Staff and 2) Encourage Employee Development.

FINANCIAL IMPACT
The Senior Neighborhood Improvement Officer classification will be beneficial in that an experienced officer will take the lead in a supervisory role to oversee the daily duties of the Neighborhood Improvement Officer I-II while also addressing more complex situations involving complaints and violations, and the organic waste monitoring mandates. The new classification will also be a promotional opportunity for current staff to advance beyond the Neighborhood Improvement Officer I-II series and utilize a more specialized skill set obtained from years of experience as a Neighborhood Improvement Officer II.

It is requested to reclassify the current Neighborhood Improve Officer II at Range 66, Step E to a Senior Neighborhood Improvement Officer at Range 122, Step C. The monthly differential increases are as follows and the funding source will come from the Public Benefit fund:

Sr. Neighborhood Improvement Officer vs. Neighborhood Improvement Officer II Salary Range Step A Step B Step C Step D Step E
122 - Proposed $5,084.00 $5,338.20 $5,605.11 $5,885.37 $6,179.64 66 - Current $4,355.34 $4,573.11 $4,801.77 $5,041.86 $5,293.95 Difference/Mo. $728.66 $765.09 $803.34 $843.51 $885.69
The annual salary increase differential in promoting the current Neighborhood Improvement Officer II at Salary Range 66-E to the Senior Neighborhood Improvement Officer at Salary Range 122-C is as follows:

Salary Range Step Position Annual Salary Difference
122 - Proposed C Senior NIO $67,261.32
66 - Current E NIO II $63,527.40
$3,733.92

ATTACHMENTS

1. Draft City Council Resolution 2022-

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Item 9.8 – CC/LRA – 06/14/2022

2. Senior Neighborhood Improvement Officer Job Description ATTACHMENT 1

Page 1 of 3 ends

CC/LRA – 06/14/2022
CC Resolution 2022-

CITY OF RIVERBANK
RESOLUTION 2022-

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF RIVERBANK, CALIFORNIA

AUTHORIZING THE SENIOR NEIGHBORHOOD IMPROVEMENT OFFICER JOB CLASSIFICATION AND SALARY RANGE; AND AMENDING

THE CITY OF RIVERBANK COMPENSATION PLAN FOR THE ADDITION

THE CITY OF RIVERBANK CITY COUNCIL (HEREAFTER REFERRED TO AS THE “CITY COUNCIL”) DOES HEREBY RESOLVE THAT:

WHEREAS, the Senior Neighborhood Improvement Officer classification differs from the current Neighborhood Improvement Officer I-II classifications in that the Senior classification will be responsible for supervising the current Neighborhood Improvement Officer I-II and a new Neighborhood Improvement Officer I-II required by the City of Riverbank Mandatory Organic Waste Disposal Reduction Ordinance; and WHEREAS, the Senior Neighborhood Improvement Officer will oversee that vehicle abatement, illegal cannabis abatement, and organic waste inspections and monitoring will continue/begin in addition to the other responsibilities including weed abatements and citizen complaints
WHEREAS, as the City of Riverbank continues to grow, so do the number of citizen complaints, building code violations, and State mandates. The Senior Neighborhood Improvement Officer will ensure these complaints and violations, and the organic waste monitoring mandate receive the attention required to be in compliance with the Municipal Code and State mandate; and
WHEREAS, the Senior Neighborhood Improvement Officer classification and duties will allow for the Planning & Building Manager to shift attention from daily code enforcement activities and focus more on long-range planning activities. The Planning & Building Manager will be kept up-to-date with neighborhood improvement actions and be available for consultation as needed; and
WHEREAS, the proposed salary for the Senior Neighborhood Improvement Officer classification is requested to be Range 122 with the following Step salaries; and Senior Neighborhood Improvement Officer
Salary Range Step A Step B Step C Step D Step E
122 – Annual $61,008.00 $64,058.40 $67,261.32 $70,624.44 $74,155.68 122 – Monthly $ 5,084.00 $ 5,338.20 $ 5,605.11 $ 5,885.37 $ 6,179.64

Page 2 of 3 ends

CC/LRA – 06/14/2022
CC Resolution 2022-
WHEREAS, the approval of the Senior Neighborhood Improvement Officer job classification correlates with two of the City Council’s Strategic Plan Goals to: 1) Attract, Develop, and Retain Quality Staff and 2) Encourage Employee Development; and WHEREAS, the Senior Neighborhood Improvement Officer classification will serve beneficial in that an experienced officer will take the lead in a supervisory role to oversee the daily duties of the Neighborhood Improvement Officer I-II while also addressing more complex situations involving complaints and violations, and the organic waste monitoring mandates. The new classification will also be a promotional opportunity for current staff to advance beyond the Neighborhood Improvement Officer I-II series and utilize a more specialized skill set obtained from years of experience as a Neighborhood Improvement Officer II; and
WHEREAS, it is requested to reclassify the current Neighborhood Improve Officer II at Range 66, Step E to a Senior Neighborhood Improvement Officer at Range 122, Step C. The monthly differential increases are as follows and the funding source will come from the Public Benefit fund:

Sr. Neighborhood Improvement Officer vs. Neighborhood Improvement Officer II Salary Range Step A Step B Step C Step D Step E
122 - Proposed $5,084.00 $5,338.20 $5,605.11 $5,885.37 $6,179.64 66 - Current $4,355.34 $4,573.11 $4,801.77 $5,041.86 $5,293.95 Difference/Mo. $728.66 $765.09 $803.34 $843.51 $885.69
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Riverbank hereby approves and authorizes the new job classification of Senior Neighborhood Improvement Officer and its respective salary of Range 122; and amends the City of Riverbank Compensation Plan to reflect the addition of the classification and salary range.

AYES:

NAYS:

ABSENT:

ABSTAINED:

Page 3 of 3 ends

CC/LRA – 06/14/2022
CC Resolution 2022-
Attest: Approved:
_________________________ ___________________________
Kathy L. Teixeira Richard D. O’Brien
Interim City Clerk Mayor
Attachment: Senior Neighborhood Improvement Officer Job Description ATTACHMENT 2

CITY OF RIVERBANK

SENIOR NEIGHBORHOOD IMPROVEMENT OFFICER
DEFINITION:

Under general supervision, performs complex inspection and enforcement of City codes, ordinances, and abatement regulations; provides training, lead direction, and work review for assigned Neighborhood Improvement Officers I-II; and performs related work as assigned.

DISTINGUISHING CHARACTERISTICS:

The Senior Neighborhood Improvement Officer is the lead/specialist class in the Neighborhood Improvement Officer series. Incumbents perform complex investigations of complaints and handle the more difficult code enforcement cases or projects, and/or provide training, lead direction, pro-active sweeps and work review for assigned Neighborhood Improvement Officers I-II. Assignments are varied and allow for the exercise of considerable judgment and independence in the performance of code enforcement work.

SUPERVISION RECEIVED/EXERCISED:

The Senior Neighborhood Improvement Officer has overall supervisory responsibility for code enforcement activities and reports directly to the Planning and Building Manager.

ESSENTIAL FUNCTIONS: (include but are not limited to the following) • Assigns, coordinates, and monitors the work of Neighborhood Improvement Officers I-II and provides training in City policies, procedures, and methods of code enforcement; and participates in the evaluation of their work.
• Assists in determining areas to be inspected; reviews and updates housing and other codes and assists in making interpretations and decisions concerning technical problems related to housing and other codes.
• Researches ownership and lien holders of subject properties. • Prepares and manages a caseload including maintaining accurate case files composing letters, memos, and writing related reports.
• Conducts skilled residential, commercial, and hotel/motel inspections for prevention and/or abatement of substandard conditions or code violations.
• Participates in hearings before Administrative Hearing Officers and makes recommendations for Class specifications are only intended to present a descriptive summary of the range of duties and responsibilities associated with specified positions. Therefore, specifications may not include all duties performed by individuals within a classification.

In addition, specifications are intended to outline the minimum qualifications necessary for entry into the class and do not necessarily convey the qualifications of incumbents within the position.

NEIGHBORHOOD IMPROVEMENT OFFICER I/II

Page 2 ends

appropriate remedies.
• Responds to complaints regarding substandard structures, zoning violations, debris, unsanitary conditions, abandoned or inoperative vehicles, overgrown vegetation, and other municipal code violations; issues notice of violation for non-compliance. • Receives and processes resale inspections and relocation of structures; requests voluntary rehabilitation repair notices and demolition orders.
• Performs abatement of hazardous conditions and code violations on various premises. • Contacts property owners and schedules and conducts on-site inspections; interprets codes and regulations and explains inspection procedures and regulations to involved parties. • Prepares violation and other notices which outline repair and correction methods, time limits, permits, and all necessary remedial work required; develops cost estimates based on work to be performed and specifications.
• Monitors compliance activities and conducts follow-up and final inspections; prepares notices to vacate, secures structures, and prepares utility disconnect letters. • Prepares required documentation for all legal actions, including inspection warrants, and conducts follow-up once legal activities have been initiated.
• Utilizes computer software, including code enforcement modules, to enter and retrieve data and to compose newsletters, bulletins, and a variety of periodic and specialized reports related to code enforcement inspection and activities.
• Confers with other agencies and City departments on disposition of a variety of complaints and code violations.
• Maintains current knowledge of municipal codes and other regulations and requirements involved in code enforcement work.

PHYSICAL, MENTAL, AND ENVIRONMENTAL WORKING CONDITIONS:

Frequent sitting for long periods of time while operating a keyboard; occasional bending, stooping, kneeling, reaching, pushing and pulling; lifting and carrying 10 pounds or less and occasional lifting and carrying up to 25 pounds or less; constant use of overall visual capabilities; frequent need for use of color perception, hand/eye coordination, reading and/or close-up work; occasional holding, grasping, typing, repetitive motion and writing; constant hearing and talking of normal speech in person and on the telephone; and occasional speaking in front of large groups of people. Constant concentration, decision making and public contact; occasional ability to exercise sound judgment especially under stressful situations; working alone; sufficient strength and stamina to walk for prolonged periods, frequently over debris or uneven terrain, to climb ladders, and to crawl through small spaces; and occasional exposure to noise. Working conditions primarily performed outside in inclement weather and in an office environment which is typically moderately quiet but may be loud at times and at some locations. Work schedule may require occasional weekend or evening work.

NEIGHBORHOOD IMPROVEMENT OFFICER I/II

Page 3 ends

QUALIFICATIONS: (The following are minimal qualifications necessary for entry into the classification.)
Education and/or Experience
Any combination of education and experience that has provided the knowledge, skills, and abilities necessary for a Senior Neighborhood Improvement Officer A typical way of obtaining the required qualifications is to possess three (3) years of work experience in municipal or county code enforcement which has included at least two (2) years at a level equivalent to the City's Neighborhood Improvement Officer II class. Lead or supervisory experience is highly desirable.

License/Certificate:

Must possess a valid California Driver's License; possess or obtain a valid Post Penal Code (PC) 832: Arrest, Search & Seizure certification or equivalent within 12 months of appointment to the class; and possess a California Association of Code Enforcement Officers (CACEO) certification or equivalent. Maintenance of CACEO certification or equivalent is highly desirable.

Other Requirements:

Must be available to respond to emergencies as needed.

KNOWLEDGE/ABILITIES/SKILLS: (The following are a representative sample of the KAS’s necessary to perform essential duties of the position. The level and scope of the knowledge and abilities listed below vary between the I and II levels.)
Knowledge of:

Principles and practices of employee supervision, including training, organization, and work evaluation; effective customer service and techniques for successful conflict resolution; communication, negotiation, and behavioral techniques that foster collaboration and effectively achieve code compliance and related program results; and public speaking and presentation skills.

Office procedures, methods and equipment including computers, and applicable software applications such as word-processing, spreadsheets, databases, and other specialized applications related to area of assignment; knowledge of Microsoft Word; and proper English usage, spelling, grammar and punctuation. Safety management principles and practices pertaining to the work; recognize conditions that constitute code violations; accurately document code violations and prepare clear reports; and follow oral and written directions. Principles, practices, techniques, and methods utilized in code enforcement inspections; applicable State and local laws, codes, regulations, policies, procedures and ordinances pertaining to but not limited to municipal code enforcement, including zoning, building construction, building occupancy, use of hazardous materials, and fire safety; zoning concepts and terminology, including legal descriptions; and regulations and requirements for court and hearing evidence documentation.

Ability to:

Inspect and analyze a variety of buildings and properties and identify code violations; appropriately apply codes and regulations to varying situations; effectively deal with angry and

NEIGHBORHOOD IMPROVEMENT OFFICER I/II

Page 4 ends

noncooperative people; keep up with constantly changing laws, codes, ordinances, and regulations; learn more complex principles, practices, techniques, and regulations pertaining to assigned duties; facilitate appropriate corrective action from property owners regarding violations; perform mathematical calculations quickly and accurately; implement, explain, and apply applicable laws, codes, and regulations; read, interpret, and record data accurately; organize, prioritize, and followup on work assignments; work independently and as part of a team; make sound decisions within established guidelines; analyze a complex issue and develop and implement an appropriate response; follow written and oral directions; observe safety principles and work in a safe manner; communicate clearly and concisely, both orally and in writing; establish and maintain effective working relationships.

Skill to:

Prioritize, assign, direct, and evaluate the work of assigned staff and provide for their training and development; perform thorough and skilled inspections of substandard dwellings or structures for prevention or abatement of code violations; investigate and resolve a variety of code-related complaints in a timely and tactful manner. Probe and analyze situations accurately and enforce legal requirements; coordinate multiple projects and meeting critical deadlines; and interpret and explain codes, laws, ordinances, and other regulations in a manner that can be easily understood by diverse groups. Communicate clearly, concisely, tactfully and effectively, often in hostile or adversarial situations, to achieve satisfactory solutions to conflicts and problems; develop and maintain cooperative, effective working relationships with coworkers, representatives of community organizations, State/local agencies and associations, Supervisors, internal management and staff, and the public. Exercise sound independent judgment within established guidelines; and effectively represent the City in public meetings or legal proceedings. Utilize computer software to prepare and maintain accurate and professional records, reports, newsletters, and documentation; and promote and maintain a cooperative teamwork environment.

NEIGHBORHOOD IMPROVEMENT OFFICER I/II

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Prepared 06/10/2022;

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Item 9.9 – CC/LRA – 06/14/2022

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 9.9
SECTION 9: CONSENT CALENDAR
Meeting Date: June 14, 2022
Subject: Adopt a Resolution Accepting the Annual Financial Reports for Fiscal Year 2017-2018, 2018-2019, and Fiscal Year 2019-2020
From: Marisela H. Garcia, City Manager

RECOMMENDATION
It is recommended that the City Council consider adopting a Resolution accepting the Annual Financial Reports for Fiscal Year 2017-2018, Fiscal Year 2018-2019, and Fiscal Year 2019-2020.

SUMMARY
On an annual basis, all cities are required to perform a financial audit performed by an independent accounting firm. Due to the transition in financial software in 2015, the financial audits for Fiscal Year 2017-2018, 2018-2019, and 2019-2020 were delayed. The firm of Gallagher Gatewood (formerly Clendenin Bird & Company) has completed these financial audits and are being presented to the City Council for acceptance.

BACKGROUND
Government Auditing Standards issued by the Comptroller General of the United States, require that all entities of local government, including special districts, undergo an annual review (audit) of their financial records. The purpose of this review is to obtain reasonable assurance about whether the financial statements for these entities are free from material mistakes. These audits involve performing procedures to obtain evidence about the amounts and disclosures included in the financial statements. The audit firm makes an assessment of the risks that these statements include material misstatements, whether they are due to fraud or errors. The auditors make an assessment about whether the City has sufficient internal controls in place to ensure that there are no instances of fraud and to limit the opportunity for errors in the financial records.

For Fiscal Years 2017-2018, 2018-2019, and Fiscal Year 2019-2020 the City received an Unqualified Opinion, which states that the auditor feels the City followed all accounting rules appropriately and that the financial reports are an accurate representation of the City’s financial condition.

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Item 9.9 – CC/LRA – 06/14/2022
The Annual Financial Reports begin with a Management Discussion & Analysis (MD&A) prepared by City staff which highlights important details included in the Financial Statements. In reviewing the Annual Financial Report, this MD&A provides the general public with an overview of the financial status of the City, including those factors that may have contributed to positive or negative changes to the City’s financial position.

The Governmental Accounting Standards Board (GASB), which is the body that oversees all accounting standards for governmental agencies, requires that financial statements be presented in 2 different ways:

1. Government-Wide Financial Statements which reports information about the City as a whole, and provides viewers with a broad overview of the City’s finances.

These reports are similar to those issued by a private company, and

2. Fund Financial Statements which provide detailed information about the City’s most significant funds and not the City as a whole.

In reviewing and evaluating the financial status of the City, the Statement of Net Position (a government-wide financial statement) on page 13 of each report will serve as a useful indicator as to whether the City’s financial position is improving or deteriorating. This Statement of Net Position is divided into two categories:

1. Governmental Activities, which includes police, public works, community development, grants and special programs, and general government. Taxes and intergovernmental revenues such as sales tax, property tax, vehicle license fees, user fees, franchise fees, and federal and state grants primarily finance these activities, and

2. Proprietary Activities, which include the City’s water and sewer systems, in addition to the City’s Community Center and the LRA. Fees and rents are charged to customers to help cover the cost of the services it provides.

Under the Fund Financial Statements, major funds are grouped together based on specific activities, all other funds are shown under “Other Funds.” Page 16 of the report provides information regarding the major fund groups of the City, including the General Fund, CDBG (Federal & State Grants), Successor RDA LMI Housing, and System Development Fees.

As stated before, major funds are grouped together under one heading. For example, the “General Fund” groups together Fund 101 (General Fund), Fund 201 (Benefit Liabilities Fund), Fund 119 (Fleet Services) and Fund 134 (Recreation Fund).

FY 2017-18 OVERALL NET POSITION
Overall, the City’s Net Position decreased by 1.08% over the 2016-2017 fiscal year. This was primarily due to the decrease in Fines, Fees, and Charges for services related to Public Works. Expenditures for the City’s Governmental and Proprietary Funds exceeded revenues for the fiscal year by approximately $850,000 (as noted on Page 15 of the report

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Item 9.9 – CC/LRA – 06/14/2022
thereby decreasing unrestricted funds available. The City’s General Fund ended with an increase of 10.24% in “unassigned” fund balance.

FY 2018-19 OVERALL NET POSITION
Overall, the City’s Net Position increased by 1.4% over the 2017-2018 fiscal year. This was primarily due to the increase in program revenues, including Fines, Fees, and Charges for Services. Revenues for the City’s Governmental and Proprietary Funds exceeded expenditures for the fiscal year thereby increasing unrestricted funds available and indicating growth in the City. The City’s General Fund “unassigned” balance ended with an increase of 14%.

FY 2019-20 OVERALL NET POSITION
Overall, the City’s Net Position increased slightly by 0.4% over the 2018-2019 fiscal year.

This was primarily due to the increase in general revenues, including sales tax, property tax, and other taxes. Revenues for the City’s Governmental and Proprietary Funds exceeded expenditures for the fiscal year by $444,716 thereby increasing unrestricted funds available and indicating growth in the City. The City’s General Fund “unassigned” balance decreased slightly by of 0.57% due to a decrease in general revenues and increase in expenditures where expenditures exceeded revenues by $1,411,306.

FY 2020-21 AUDIT UPDATE
Currently, city staff and Gallagher Gatewood are performing fieldwork (sampling) for the Fiscal Year 2020-2021 audit.

STRATEGIC PLAN
This report is in alignment with the City Council’s Strategic Plan Goal to “Ensure Financial Stability.”

FINANCIAL IMPACT
There is no financial impact associated with the acceptance of these reports.

ATTACHMENTS

1. Draft City Council Resolution 2022

2. Annual Financial Report Year Ended June 30, 2018

3. Annual Financial Report Year Ended June 30, 2019

4. Annual Financial Report Year Ended June 30, 2020
ATTACHMENT 1

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CC/LRA – 06/14/2022
CC Resolution 2022-

CITY OF RIVERBANK
RESOLUTION 2022-

A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF RIVERBANK, CALIFORNIA

ACCEPTING THE ANNUAL FINANCIAL REPORTS FOR
FISCAL YEAR 2017-2018, FISCAL YEAR 2018-2019, AND FISCAL YEAR 2019-2020

THE CITY OF RIVERBANK CITY COUNCIL (HEREAFTER REFERRED TO AS THE “CITY COUNCIL”) DOES HEREBY RESOLVE THAT:

WHEREAS, the Comptroller General of the United States has issued Government Auditing Standards which must be met by the City; and
WHEREAS, on an annual basis the City of Riverbank is required to undergo a financial review (audit) which includes procedures to obtain evidence about the amounts and disclosures included in the Annual Financial Report; and WHEREAS, the annual audit is required to be performed by an independent accounting firm; and
WHEREAS, the firm of Gallagher Gatewood has completed the audits of Fiscal Year 2017-2018, Fiscal Year 2018-2019, and Fiscal Year 2019-2020; and WHEREAS, Clendenin Bird & Company has issued an Unqualified Opinion for Fiscal Year 2017-2018, Fiscal Year 2018-2019, and Fiscal Year 2019-2020 which states that in their opinion the financial statements present fairly, in all material respects, the respective financial position of the governmental activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information of the City of Riverbank.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Riverbank hereby accepts the Annual Financial Reports for Fiscal Year 2017-2018, Fiscal Year 2018-2019, and Fiscal Year 2019-2020.

PASSED AND ADOPTED by the City Council of the City of Riverbank at a regular meeting held on the 14th day of June, 2022; motioned by Councilmember __________, seconded by Councilmember __________, and upon roll call was carried by the following City Council vote of _____:

AYES:

NAYS:

Page 2 of 2 ends

CC/LRA – 06/14/2022
CC Resolution 2022-
ABSENT:

ABSTAINED:

ATTEST: APPROVED:
________________________________ __________________________ Kathy L. Teixeira Richard D. O’Brien
Interim City Clerk Mayor
Attachment: Annual Financial Report Year Ended June 30, 2018 Annual Financial Report Year Ended June 30, 2019
Annual Financial Report Year Ended June 30, 2020

CITY OF RIVERBANK

ANNUAL FINANCIAL REPORT
YEAR ENDED JUNE 30, 2018
ATTACHMENT 2

CITY OF RIVERBANK, CALIFORNIA
Table of Contents
Page

FINANCIAL SECTION
Independent Auditor’s Report 1-2
Management’s Discussion And Analysis (unaudited) 3-12
Basic Financial Statements:

Government-wide Financial Statements:

Statement Of Net Position 13
Statement Of Activities 14-15
Fund Financial Statements:

Balance Sheet – Governmental Funds 16-17
Reconciliation Of The Governmental Funds Balance Sheet
To Statement Of Net Position 18
Statement Of Revenues, Expenditures, And Changes In
Fund Balances – Governmental Funds 19-20
Reconciliation Of The Statement Of Revenues, Expenditures, And Changes In Fund Balances Of Governmental Funds To
The Statement Of Activities 21
Statement Of Revenues, Expenses, And Changes In Fund
Balances – Budget And Actual – General Fund 22-23
Statement Of Revenues, Expenses, And Changes In Fund
Balances – Budget And Actual – CDBG Fund 24
Statement Of Revenues, Expenses, And Changes In Fund
Balances – Budget And Actual – System Development Fund 25 Statement Of Revenues, Expenses, And Changes In Fund
Balances – Budget And Actual – Successor RDA LMI Housing Fund 26 Statement Of Net Position – Proprietary Funds 27
Statement Of Revenues, Expenses, And Changes In Net
Position – Proprietary Funds 28
Statement Of Cash Flows – Proprietary Funds 29-30
Statement Of Fiduciary Net Position –
Agency Funds 31
Notes To The Basic Financial Statements 32-57

REQUIRED SUPPLEMENTAL FINANCIAL DATA
Schedule of Proportionate Share of the Net Pension Liability – Miscellaneous 58 Schedule of Proportionate Share of the Net Pension Liability – Safety 59 Schedule of Contributions – Miscellaneous 60
Schedule of Contributions – Safety 61

CITY OF RIVERBANK, CALIFORNIA
Table of Contents
Page

COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES:

Definitions 62-63
Combining Balance Sheet – Nonmajor Governmental Funds 64-67 Combining Statement Of Revenues, Expenditures And Changes In Fund Balances – Nonmajor Governmental Funds 68-71

OTHER REPORTS
Schedule Of Federal Expenditures 72
Schedule Of Findings And Questioned Costs 73
Independent Auditor's Report On Internal Control Over Financial Reporting And On Compliance And Other Matters Based On
An Audit Of Financial Statements Performed In
Accordance With Government Auditing Standards 74-75
Independent Auditor’s Report On Compliance With Requirements That Could Have A Direct And Material Effect On
Each Major Program And On Internal Control Over
Compliance In Accordance With OMB Circular A-133. 76-77

Report On Compliance With Laws And Regulations Based On An Examination Of General-Purpose Financial Statements
Performed In Accordance With The California
Transportation Development Act 78

1 INDEPENDENT AUDITOR’S REPORT
To The City Council
City Of Riverbank
State of California
We have audited the accompanying financial statements of the governmental activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information of the City of Riverbank, State of California, as of and for the year ended June 30, 2018, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
2 Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information of the City of Riverbank, State of California as of June 30, 2018, and the respective changes in financial position thereof for the year then ended, in accordance with accounting principles generally accepted in the United States of America.

Other Matters
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information on pages 3 through 12 be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City of Riverbank, State of California’s basic financial statements. The introductory section, combining and individual non-major fund financial statements are presented for purposes of additional analysis and are not a required part of the financial statements.

The combining and individual non-major fund financial statements are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

The introductory section has not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on it.

Gallagher Gatewood

GALLAGHER GATEWOOD, A PROFESSIONAL ACCOUNTANCY CORPORATION Modesto, California
March 10, 2021

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2018
(UNAUDITED)
3 This discussion and analysis of the City of Riverbank’s financial performance provides an overview of the City’s financial activities for the fiscal year ended June 30, 2018. The City’s financial statements for the fiscal year ended June 30, 2018 are presented in accordance with GASB 34. Please read Management’s Discussion and Analysis in conjunction with the City’s financial statements, notes, and supplementary schedules.

FINANCIAL HIGHLIGHTS
 The City’s governmental activities total assets exceeded liabilities (net position) at the close of the fiscal year by $80,609,335. Of this amount, $3,587,233 is in unrestricted net position, which is available to meet the City’s ongoing financial obligations. The total assets of the businesstype activities exceeded its liabilities (net position) by $28,191,479. Of this amount, $9,017,763 was unrestricted.
 General and program expenses for Governmental Activities exceeded revenues by $847,871 City program expenses totaled $13,662,144 for fiscal year 2017-2018, an increase of 1% over the 2016-17 Fiscal Year. Public Works costs comprised $5,226,110 or 38% of the total expenses, whereas Public Safety comprised 29% of expenditures.
 In the City’s business-type activities (which include the Water, Sewer and Community Center and Local Redevelopment Funds), expenses exceeded revenues by $343,703.  The City’s General Fund ended the year with a fund balance of $6,863,086. This is an increase of 10% from the year ending June 30, 2017.

OVERVIEW OF THE FINANCIAL STATEMENTS
This annual report consists of a series of financial statements. These statements include all activities of the City of Riverbank using the integrated approach as prescribed by GASB Statement No. 34. The government-wide Statement of Net position and Statement of Activities provide information about the activities of the City as a whole and present a long-term view of the City’s finances. Fund financial statements show how City services are financed in the short term as well as what remains for future spending. Fund financial statements also report the City’s operations in more detail than the governmentwide statements by providing information about the City’s most significant funds.

REPORTING THE CITY AS A WHOLE
Government-wide Financial Statements. The government-wide financial statements report information about the City as a whole, providing readers with a broad overview of the City’s finances.

These statements include all assets and liabilities of the City using the accrual basis of accounting, which is similar to the accounting method used by most private sector companies. All the current year’s revenues and expenses are taken into account in the statement of activities regardless of when cash is received or paid.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2018
(UNAUDITED)
4 The statement of net position presents information on all the City’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator as to whether the City’s financial position is improving or deteriorating.

The statement of changes in net position presents information showing how the City’s net position changed in the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported on this statement for some items that will result in cash flows in future fiscal periods (e.g., uncollected taxes, and earned but unused vacation leave).  Over time, increases or decreases in the City’s net position can be an indicator of whether its financial health is improving or deteriorating, respectively.  To assess the overall health of the City you need to consider additional non-financial factors such as changes in the City’s property tax base and the condition of the City’s roads.

The government-wide financial statements of the City are divided into two categories:
 Governmental Activities: Includes police, public works, community development (building and planning), grants and special programs, and general government. Taxes and intergovernmental revenues such as sales tax, property tax, vehicle license fees, user fees, franchise fees, and federal and state grants primarily finance these activities.  Business-type activities include the City’s water and sewer systems, in addition to the City’s Community Center and the Local Redevelopment Authority (LRA). Fees are charged to customers, including lease revenue, to help cover the costs of the services it provides.

REPORTING THE CITY’S MOST SIGNIFICANT FUNDS
Fund Financial Statements. The fund financial statements provide detailed information about the City’s most significant funds – not the City as a whole. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives.

Some funds are required to be established by State law or by bond covenants. Management establishes other funds to control and manage money for particular purposes or to show the City is meeting legal responsibilities for the use of certain taxes, grants, and other resources. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds.

Governmental funds – Most of the City’s basic services are reported in governmental funds, which focuses on how money flows in and out of those funds and the balances left at year-end that are available for spending. These funds are reported using an accounting method called modified accrual accounting, which measures cash and all other financial resources that can readily be converted to cash. The governmental fund statements provide a detailed, short-term view of the City’s general government operations and the basic services it provides. Governmental fund information helps determine whether there are more or fewer financial resources that can be spent in the near future to finance the City’s programs.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2018
(UNAUDITED)
5 Because the focus of the governmental funds is narrower than that of the governmental-wide financial statements, it is useful to compare the information presented for the governmental funds with similar information presented for governmental activities in the government-wide financial statements. The differences of results in the governmental funds financial statements to those in the government-wide financial statement are shown in reconciliations following the governmental funds financial statements.

Fiduciary funds—Fiduciary funds are used to account for resources held for the benefit of parties outside the City. The City is responsible for ensuring that the assets reported in these funds are used for their intended purposes. Fiduciary funds are not reflected in the City’s government-wide financial statements because the City cannot use these assets to finance its operations.

Proprietary funds – Services for which the City charges customers a fee are generally reported in proprietary funds. Proprietary funds, like the government-wide statements, provide both long and shortterm financial information. The City’s proprietary funds are the same as its business-type activities, but provide more detail and additional information, such as cash flows.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
Net position. As noted earlier, net position may serve over time as a useful indicator of the City’s financial position. Below is a table showing the City’s net position as of June 30, 2018 compared to the City’s net position as of June 30, 2017.

City of Riverbank
Net Position
For Year Ended June 30, 2018
2018 2017 2018 2017 2018 2017
Assets
Cash and Investments $16,564,600 $15,287,954 $7,527,405 $7,220,719 $24,092,005 $22,508,673 Other Assets 15,798,048 16,180,595 6,433,613 8,606,221 $22,231,661 24,786,816 Capital Assets 54,398,205 55,958,879 26,682,043 24,880,866 $81,080,248 80,839,745 Total Assets 86,760,853 87,427,428 40,643,061 40,707,806 127,403,914 128,135,234 Current Pension Plan Cont. 1,420,962 886,934 403,159 282,565 1,824,121 1,169,499 Liabilities
Current Liabilities 1,963,354 2,203,095 3,634,573 2,563,772 5,597,927 4,766,867 Compensated Absences 195,163 204,732 66,424 90,684 261,587 295,416 Net Pension Liability 4,779,519 4,045,830 1,554,240 1,388,491 6,333,759 5,434,321 Long-Term Liabilities 0 0 7,376,876 8,241,768 7,376,876 8,241,768 Total Liabilities 6,938,036 6,453,657 12,632,113 12,284,715 19,570,149 18,738,372 Deferral of Pension Expense 634,445 403,499 222,627 170,475 857,072 573,974 Net Assets
Invested in Capital Assets,
Net of Related Debt 54,398,206 55,958,879 19,173,716 16,495,699 73,571,922 72,454,578 Restricted 22,623,896 22,529,903 0 0 22,623,896 22,529,903 Unrestricted 3,587,233 2,968,424 9,017,763 12,039,483 12,604,996 15,007,907 Total Net Assets $80,609,335 $81,457,206 $28,191,479 $28,535,182 $108,800,814 $109,992,388 Governmental Activities Proprietary Activities Total

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2018
(UNAUDITED)
6 Of the total net position for both the Governmental and Business-type activities, $73,571,922 or 68% reflects the City’s investment in capital assets (e.g. land, buildings and improvements, vehicles and equipment, infrastructure) less any related debt used to acquire those assets that is still outstanding. The City uses these capital assets to provide services to its citizens; and consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

Restricted net position amounts to $22,623,896 or 21% of the total. Restricted net position are those resources that are subject to external restrictions on how they may be used. These restrictions are established by bond covenants or restrictions on the use of funds established by state or federal regulations.

Unrestricted net position is those resources which may be used to meet the City’s ongoing commitments to citizens and creditors. Government-wide unrestricted net position is $12,604,996 or 11% of the total net position.

Changes in Net Position. Total expenditures for the year exceeded revenues by $1,191,574. Below is a table showing the Governmental and Proprietary Activities of the City for the year ended June 30, 2018 as compared to the year ending June 30, 2017.

City of Riverbank
Changes in Net Position
For Year Ended June 30, 2018
2018 2017 2018 2017 2018 2017
Revenues
Program Revenues:

Charges for Services 3,244,524 1,959,945 22,062,945 22,101,216 25,307,469 24,061,161 Operating Grants and Contributions 168,940 231,746 0 0 168,940 231,746 Capital Grants and Contributions 379,015 550,152 0 0 379,015 550,152 General Revenues:

Property Tax 3,152,413 2,994,412 0 0 3,152,413 2,994,412 Sales Tax 3,307,696 3,244,950 0 0 3,307,696 3,244,950
Motor Vehicle Tax 12,954 10,713 0 0 12,954 10,713
Franchise Tax 598,278 595,547 0 0 598,278 595,547
Other Taxes 706,387 595,805 0 0 706,387 595,805
Investment Earnings 151,883 56,634 28,901 26,980 180,784 83,614 Gain on Disposal of Assets 0 0 58,242 0 58,242 0
Transfers 1,092,183 1,103,606 (1,092,183) (1,103,606) 0 0 Total Revenues 12,814,273 11,343,510 21,057,905 21,024,590 33,872,178 32,368,100 Expenses
General Government 2,670,260 2,540,053 0 2,670,260 2,540,053 Public Safety 4,023,831 3,812,432 0 4,023,831 3,812,432 Public Works 5,226,110 5,335,465 3,458,868 3,308,362 8,684,978 8,643,827 Community Development 1,139,816 1,244,580 17,772,823 17,490,127 18,912,639 18,734,707 Culture and Leisure 602,127 592,026 169,917 146,600 772,044 738,626 Total Expenses 13,662,144 13,524,556 21,401,608 20,945,089 35,063,752 34,469,645 Increase (Decrease) in Net Assets (847,871) (2,181,046) (343,703) 79,501 (1,191,574) (2,101,545) Net Assets - Beginning 81,457,206 83,638,252 28,535,182 28,455,681 109,992,388 112,093,933 Prior Period Adjustment 0 0 0 0 0 0
Net Assets - Ending $80,609,335 $81,457,206 $28,191,479 $28,535,182 $108,800,814 $109,992,388 Governmental Activities Proprietary Activities Total

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2018
(UNAUDITED)
7 Governmental Activities. Total governmental revenues for the year were $12,814,273. Sales and property tax revenue, which comprise 50% of the total, experienced an increase of 4% from the 2016- 17 Fiscal Year. Revenues by source for governmental activities are shown in the graph below.

Total governmental expenses for the year were $13,662,144. Public Works accounted for 38% of the total governmental activities expenses. Expenses by function or program for governmental activities are shown in the graph below.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2018
(UNAUDITED)
8 Business-type Activities
 Revenues of the City’s business-type activities were $21,057,905 a .16% increase from fiscal year 2016-17. Expenditures for the year were $21,401,608. Expenditures for the business-type activities increased by only 2% from the prior fiscal year.

FINANCIAL ANALYSIS OF THE CITY’S FUNDS
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements.

The City’s governmental funds ended the year with a combined fund balance of $30,204,131. Of the total combined fund balance, 2% is classified as Nonspendable, 66% is classified as Restricted, 9% is classified as Assigned, and 23% is Unassigned. Major fund changes from June 30, 2017 to June 30, 2018 are noted below and are also noted on the Statement of Revenues, Expenditures, and Changes in Fund Balances on page 19 of this report:

General Fund
 The City experienced an overall increase of 5% in its General Fund revenues during the 2017-18 fiscal year. Some of the major factors contributing to this increase are noted below.  A 5% increase in Property Tax was experienced due to the changes made in property values. New housing developments have added properties to the tax rolls as well as a continued increase in home sale prices.

 Sales tax for the City experienced an increase of 2%. This was primarily due to the continued rebound of the economy from the recent recession and the expansion of the Crossroads Shopping Center which has continued to add commercial space.  Revenues from Licenses and Permits decreased by 28%. New housing developments on the east side of Riverbank have generated additional building permit revenue.  A continued decrease in the investment market caused an 8% loss in investment revenues (interest earnings). Although the City’s portfolio is diversified, the opportunities for reinvestment were limited.  General Fund expenditures increased by 4.1% during the 2017-18 Fiscal Year. Major factors contributing to this increase in General Fund expenditures include:
 General Government expenditures increased by 11.5% as top positions, including the City Manager position vacancy was filled during the latter half of the fiscal year.  Public Safety Expenditures increased by 4.6% due to vacant Deputy Sheriff positions being filled.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2018
(UNAUDITED)
9  Capital Outlay for the General Fund decreased by 72% as the city’s resources were allocated to annual on-going expenditures rather than one-time expenses.

CDBG Fund
The CDBG Fund experienced a significant decrease in revenues due to the closeout of a grant that had been awarded to the City. The City was been awarded grant funding for the First-Time Homebuyer and Housing Rehabilitation Programs. All funds had been received in the prior fiscal years.

Successor RDA LMI Housing Fund
On December 29, 2011 the California Supreme Court upheld Assembly Bill 1x26 (“the Bill”) that provided for the dissolution of all redevelopment agencies in the State of California effective February 1, 2012. This action impacted the reporting entity of the City of Riverbank that previously had reported a redevelopment agency within the reporting entity of the City as a blended component unit.

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. The City elected not to become this successor agency therefore another designated authority, the Riverbank Designated Local Authority, was formed by the State of California to serve as successor agency to the now dissolved Riverbank Redevelopment Agency.

However, the City did elect to serve as the Housing Successor Agency of the former RDA. As successor agency, the City now holds a loan receivable for a loan provided to Pacific West Associates for the construction of a 65-unit apartment complex completed in 2009. In addition, the City is now entitled to receive annual interest payments and a Payment in Lieu of Taxes from this project.

GASB Statement No. 68
The City of Riverbank implemented GASB Statement No. 68 the prior fiscal year. With the new reporting change, the City is allocated its proportionate share of the California Public Employees’ Retirement System’s net pension assets, deferred outflows of resources, deferred inflows of resources, and pension expense. Decisions regarding the allocations are made by the administration of the pension plan, not by the City of Riverbank’s management.

General Fund Budgetary Highlights
For the City’s General Fund, actual ending revenues of $8,307,933 were mainly comprised of Sales Tax, Property Taxes, Other Taxes & Franchise Fees and Service Charges. Net Revenues received were $283,633 over budget. This was due to a variety of reasons, including the following:
 Sales Tax was over budget by $307,696 due to a final Triple-Flip true-up payment being issued by the State of California. The triple-flip has now come to an end and the City will be receiving its regular 1% Bradley Burns allocation.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2018
(UNAUDITED)
10 The General Fund’s actual ending expenditures of $8,827,477 were $966,323 under the final budget of $9,793,800.

CAPITAL ASSETS AND DEBT ADMINISTRATION

CAPITAL ASSETS
As of June 30, 2018, the City’s Governmental Funds had $54,398,206 invested in capital assets and the Business-type activities had $24,550,592, net of accumulated depreciation. This total of $80,948,798 is invested in a broad range of capital assets including land, construction in progress, building, equipment and infrastructure (i.e. streets, sidewalks, storm drain, etc.).

City of Riverbank
Capital Assets, Net of Accumulated Depreciation
June 30, 2018
Governmental
Activities
Business-Type
Activities Total

Land $3,957,541 $2,373,284 $6,330,825
Construction in Progress 1,214,042 9,752,394 10,966,436 Infrastructure 32,991,799 0 32,991,799
Land Improvements 11,510,653 0 11,510,653
Equipment and Vehicles 1,374,784 4,465,563 5,840,347
Building and Improvements 3,349,387 9,959,351 13,308,738 Total $54,398,206 $26,550,592 $80,948,798
Major capital asset additions during Fiscal Year 2017-2018 include:

Well #11 Site Purchase $192,088.58
2017 Slurry Seal Project 150,860.35
Council Chambers Camera Upgrade $45,758.11
Water System SCADA System Upgrade $21,752.73

LONG TERM DEBT
At year-end, the City’s governmental activities had $195,163 in compensated absences. Compensated absences consist of vacation time and compensatory time off that has been earned by employees but has not yet been taken. Compensated absences are due and payable to an employee upon separation if any balance exists.

Business-type activities, at year-end, had $7,443,300 in outstanding long-term debt. This long-term debt is comprised of Compensated Absences, Sewer Revenue Bonds, the State Revolving Fund Loan from the State of California for improvements to the Waste Water Treatment Plant, and the Master Lease

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2018
(UNAUDITED)
11 Agreement with Wells Fargo to fund a city-wide water meter upgrade project. Total debt was reduced during the year by the amount of the current debt principal payments.

City of Riverbank
Long-Term Debt
June 30, 2018
Governmental
Activities
Business-Type
Activities Total

Loans Payable-Refinance $0 $599,007 $599,007
Loans Payable – WWTP $0 $3,235,775 $3,235,775
SRF Loan – Sewer $0 $245,912 $245,912
Water – Lease Purchase $0 $3,296,182 $3,296,182
Compensated Absences $195,163 $66,424 $261,587
Total $195,163 $7,443,300 $7,638,463
The City’s long-term liabilities, except for compensated absences, relate to the acquisition and construction/remodel of capital assets. These capital assets are utilized to provide services to citizens and are not available for future spending. The repayment of the debt on these assets must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

ECONOMIC FACTORS AND NEXT YEAR’S GENERAL FUND BUDGET
Due to the economic uncertainty surrounding the State of California’s financial condition, the City’s management has taken a position of conservative revenue projection while maintaining existing departmental spending limits.

In preparing the budget for the 2018-2019 fiscal year, City Management looked at the following factors:

REVENUE
 The City continues to see growth in new housing development. As these properties are sold they are added to the tax rolls which increase the total assessed values. The Certified Assessed Values are the basis on which Property Taxes are calculated. Therefore an increase in revenue is anticipated for the following Property Tax related revenues: Property Tax Current Secured & Unsecured, Property Tax in Lieu of VLF. Staff is projecting a conservative 1.5% base increase to property tax related revenues.

 An increase of 3.3% is expected in Sales Tax Revenues as the economy continues to recover and consumer confidence has begun to increase.
 Overall, General Fund revenues are anticipated to increase by 1.1% during the 2018-19 fiscal year in comparison to the prior fiscal year budget due to increases in revenue sources such as COPS/SLESF State Allocation, Public Works Fees, and Vehicle Code Fines.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2018
(UNAUDITED)
12 EXPENDITURES
 The City has filled the vacant City Manager’s position and Accounting Manager positions therefore the Fiscal Year 2018-19 budget includes salary and all related payroll expenditures for both positions in addition to costs associated with the negotiated labor contracts for one of the city’s two represented employee groups, in which a four-year contract has been reached. Negotiations continue for the City’s Mid-Management group.  Legal costs increases are projected as the city continues to be a party in several lawsuits.  Increases in the Law Enforcement Contract with the Stanislaus County Sheriff’s Department are anticipated as vacant positions have been filled and additional costs associated with labor contract negotiations are passed through to the City.
 Unfunded mandated costs associated with the management of Storm Water have required an annual allocation of General Fund revenues/reserves. Required reporting must be completed and submitted on an annual basis which requires the use of a consultant to prepare.  CalPERS Unfunded Liability costs continue to be a significant burden on the City’s budget.

These costs are anticipated to increase by approximately $732,000 over the course of the next seven year.

Total operational and capital budgeted revenues and expenses for all funds for the 2018-2019 Fiscal Year are $19,774,270 and $21,596,498 respectively, excluding Inter-fund Transfers In and Out.

Structural deficits (where expenditures exceed revenues) were anticipated in the following funds:

General Fund, Community Center Fund, Public Benefit Fund, Weed Abatement, Teen Center Fund, System Development Fees Bridges/Roads, SDF RR Crossing, System Development Streets/PW Fund, System Development Police/Gen. Government, System Development Imaging Fund, HCD CDBG Fund, HCD HOME Fund, LMI Housing Asset Fund, Sewer Debt Service Fund, Water Fund, and Water Capital Improvement Fund. The City Council has authorized for the deficits to be paid via ending reserve balances from the 2016-17 fiscal year. Several of these allocations from reserve funds are due to the fact that funds must be spent during a certain time frame.

CONTACTING THE CITY’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general overview of the City of Riverbank’s finances and to demonstrate the City’s accountability for the money it receives. If you have questions about this report or need additional information, contact the Assistant City Manager/Admin Services Director, City of Riverbank, 6617 Third Street, Riverbank, California 95367.

Governmental Proprietary
Activities Activities 2018 2017
ASSETS
Cash And Investments 16,564,600 7,527,405 24,092,005 22,508,673 Cash With Fiscal Agent 0 0 0 0
Accounts Receivable 1,150,607 6,947,715 8,098,322 10,137,689 Note Receivable 0 18,086 18,086 24,302
Prepaid Expenses 269,457 6,096 275,553 333,065
Internal Balances 538,284 538,284) ( 0 0
Loans Receivable 13,839,700 0 13,839,700 14,291,761
Capital Assets (Net Of Accumulated
Depreciation):

Land 3,957,541 2,373,284 6,330,824 6,138,736
Land Improvements 11,510,653 0 11,510,653 11,943,603
Construction In Progress 1,214,042 9,752,394 10,966,437 7,898,911 Buildings And Improvements 3,349,387 9,959,350 13,308,737 13,810,712 Equipment And Vehicles 1,374,784 4,465,565 5,840,349 6,266,144 Infrastructure 32,991,798 0 32,991,798 34,638,239
Unamortized Bond Issue Costs 131,450 0 131,450 143,400
Total Assets 40,643,060 86,760,854 127,403,914 128,135,235

DEFERRED OUTFLOWS OF RESOURCES
Current Pension Plan Contribution 403,159 1,420,962 1,824,121 1,169,499

LIABILITIES
Accounts Payable And Other
Current Liabilities 1,963,354 3,634,573 5,597,927 4,766,867 Compensated Absences 195,163 66,424 261,587 295,416
Net Pension Liability 4,779,519 1,554,240 6,333,759 5,434,321 Long-Term Liabilities:

Due Within One Year 0 864,893 864,893 864,893
Due In More Than One Year 6,511,983 0 6,511,983 7,376,875 Total Liabilities 12,632,113 6,938,036 19,570,149 18,738,372

DEFERRED INFLOWS OF RESOURCES
Deferral Of Pension Expense 222,627 634,445 857,072 573,974

NET POSITION
Invested In Capital Assets
Net Of Related Debt 54,398,206 19,173,716 73,571,922 72,454,578 Restricted For
Capital Projects 8,171,673 0 8,171,673 7,400,192
Community Development Projects 13,806,243 0 13,806,243 14,195,827 Other Purposes 645,980 0 645,980 933,884
Unrestricted 9,017,763 3,587,233 12,604,996 15,007,907
Total Net Postion 28,191,479 80,609,335 108,800,814 109,992,388 Totals

CITY OF RIVERBANK

STATEMENTS OF NET POSITION
JUNE 30, 2018
Primary Government
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
13 CITY OF RIVERBANK

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2018
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
Functions/Programs Expenses
Primary Government:

Governmental Activities:

General Government 2,670,260
Public Safety 4,023,831
Public Works 5,226,110
Community Development 1,139,816
Culture And Leisure 602,127
Total Governmental Activities 13,662,144
Business-Type Activities
Water Services 1,767,246
Sewer Services 1,691,622
Community Center 169,917
Local Redevelopment Authority 17,772,823
Total Business-Type Activities 21,401,608
Total Primary Government 35,063,752

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
14 Changes In Net Assets
Fines, Fees And Operating Capital Primary Government
Charges Grants And Grants And Governmental Proprietary
For Services Contributions Contributions Activities Activities 2018 2017 29,729 480,482 0 2,160,049) ( 0 2,160,049) ( 1,850,928) ( 109,688 419,006 0 3,495,137) ( 0 3,495,137) ( 3,393,048) ( 0 1,773,939 379,015 3,073,156) ( 0 3,073,156) ( 4,230,380) ( 29,523 409,635 0 700,658) ( 0 700,658) ( 835,534) (
0 161,462 0 440,665) ( 0 440,665) ( 472,823) (
168,940 3,244,524 379,015 9,869,665) ( 0 9,869,665) ( 10,782,713) ( 0 2,390,619 0 0 623,373 623,373 448,084
0 4,126,578 0 0 2,434,956 2,434,956 1,729,364
0 141,312 0 0 28,605) ( 28,605) ( 9,106
0 15,404,436 0 0 2,368,387) ( 2,368,387) ( 1,030,427) ( 0 22,062,945 0 0 661,337 661,337 1,156,127
168,940 25,307,469 379,015 9,869,665) ( 661,337 9,208,328) ( 9,626,586) ( General Revenues:

Taxes:

Property Tax 3,152,413 0 3,152,413 2,994,412
Sales Tax 3,307,696 0 3,307,696 3,244,950
Motor Vehicle Tax 12,954 0 12,954 10,713
Franchise Tax 598,278 0 598,278 595,547
Other Taxes 0 706,387 706,387 595,805
Investment Earnings 151,883 28,901 180,784 83,614
Gain On Disposal of Assets 0 58,242 58,242 0
Transfers 1,092,183 1,092,183) ( 0 0
Total General Revenues And Transfers 9,021,794 1,005,040) ( 8,016,754 7,525,041 Change In Net Position 847,871) ( 343,703) ( 1,191,574) ( 2,101,545) ( Net Position - Beginning 28,535,182 81,457,206 109,992,388 112,083,933 Prior Period Adjustment - GASB 68 0 0 0 0
Net Position - Beginning, restated 28,535,182 81,457,206 109,992,388 112,083,933 Net Position - Ending 28,191,479 80,609,335 108,800,814 109,982,388 Program Revenues
Net (Expense) Revenue And
Totals

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
15 WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
System
General CDBG Development
Assets
Cash And Investments 7,602,834 716,675 5,378,645
Accounts Receivable 956,816 922 5,720
Loans Receivable 130,000 10,509,700 0
Prepaid Expenses 181,684 0 0
Unamortized Bond Issue Costs 0 0 0
Due From Other Funds 0 0 538,284
Total Assets 11,227,297 8,871,334 5,922,649
Liabilities
Accounts Payable 494,190 448 37,126
Compensated Absences 180,211 0 0
Bonds Payable 0 0 0
Loan Payable 0 0 0
Other Liabilities 1,333,847 0 0
Due To Other Funds 0 0 0
Total Liabilities 448 2,008,248 37,126
Fund Balances
Nonspendable 0 0 538,284
Restricted 0 11,226,849 5,347,239
Committed 0 0 0
Assigned 0 0 0
Unassigned 0 6,863,086 0
Total Fund Balances 11,226,849 6,863,086 5,885,523
Total Liabilities And Fund Balances 11,227,297 8,871,334 5,922,649

CITY OF RIVERBANK

BALANCE SHEET

GOVERNMENTAL FUNDS
JUNE 30, 2018

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
16 Successor RDA Other
LMI Housing Funds 2018 2017
2,772,072 94,374 15,287,954 16,564,600
184,980 2,169 953,323 1,150,607
0 3,200,000 14,291,761 13,839,700
87,773 0 326,968 269,457
0 0 0 0
0 0 538,284 608,543
3,044,825 3,296,543 32,362,648 31,468,549
89,617 0 1,009,766 621,381
14,952 0 204,732 195,163
0 0 0 0
0 0 0 0
8,126 0 1,193,329 1,341,973
0 0 0 0
112,695 0 2,158,517 2,407,827
0 0 538,284 608,543
190,837 3,296,543 20,061,468 19,788,024
0 0 0 0
2,800,604 0 2,800,604 2,442,418
59,311) 0 ( 6,803,775 6,221,737
2,932,130 3,296,543 30,204,131 29,060,722
3,044,825 3,296,543 32,362,648 31,468,549
Total Governmental Funds

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
17 CITY OF RIVERBANK

RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET

TO THE STATEMENT OF NET POSITION
JUNE 30, 2018
Total fund balances - governmental funds 30,204,131
Total net position reported for governmental activities in the statement of net position is different because:

Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds. Those assets consist of:

Land 3,957,541
Land Improvements net of $4,200,107 accumulated depreciation 11,510,653 Construction in progress 1,214,042
Buildings and Improvements, net of $2,139,7230 accumulated depreciation 3,349,387 Equipment and Vehicles, net of $4,524,506 accumulated depreciation 1,374,784 Infrastructure net of $43,554,400 acummulated depreciation 32,991,798 Total capital assets 54,398,206
Deferred Outflow of Resources 1,420,962
Long-term liabilities applicable to the City's governmental activities are due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities, both current and long-term, are reported in the statement of net position.

Net Pension Liability 4,779,519) (
Deferred Inflows of Resources 634,445) (
Total long-term liabilities 5,413,964) (
Total net position - governmental activities 80,609,335

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
18 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
System
General CDBG Development
Revenues
Property Tax 3,150,672 0 0
Sales Tax 3,307,696 0 0
Other Tax And Franchises 732,731 0 0
Licenses And Permits 257,638 0 0
Fines And Forfeitures 174,595 0 0
Investment Earnings 22,913 16,862 94,586
Intergovernmental 184,440 379,015 29,523
Impact Fees 0 182,270 0
Service Charges And Miscellaneous 0 477,248 4,678
Total Revenues 124,109 8,307,933 582,825
Expenditures
Current
General Government 2,039,965 0 0
Public Safety 3,849,590 0 0
Public Works 1,735,095 369 0
Community Development 682,696 0 104,091
Culture And Leisure 472,638 0 0
Capital Outlay 0 47,493 286,066
Total Expenditures 104,091 8,827,477 286,435
Excess (Deficiency) Of Revenues
Over Expenditures ( 20,018 519,544) 296,390
Other Financing Sources (Uses)
Operating Transfers In 0 1,900,935 0
Operating Transfers Out ( 744,053) 20,273) 0 (
Total Other Financing Sources (Uses) 0 1,156,882 20,273) ( Net Change In Fund Balances 20,018 637,338 276,117
Fund Balance - Beginning 11,206,831 6,225,748 5,609,406 Fund Balance- Ending 11,226,849 6,863,086 5,885,523

CITY OF RIVERBANK
FOR THE YEAR ENDED JUNE 30, 2018

GOVERNMENTAL FUNDS

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
19 Successor RDA Other
LMI Housing Fund Funds 2018 2017
0 1,741 3,152,413 2,994,412
0 0 3,307,696 3,244,950
0 0 732,731 746,148
0 0 257,638 200,957
0 0 174,595 141,668
16,786 736 151,883 56,634
1,711,023 0 2,304,001 1,480,480
91,276 0 273,546 120,264
885,661 0 1,367,587 1,254,391
2,477 2,704,746 11,722,090 10,239,904
481,104 0 2,521,069 2,448,901
130,869 0 3,980,459 3,703,222
771,610 0 2,507,074 2,824,394
297,808 0 1,084,595 1,111,236
86,117 0 558,755 558,407
685,352 0 1,018,911 1,148,198
2,452,860 0 11,670,863 11,794,358
2,477 251,886 51,227 1,554,454) (
254,894 0 2,155,829 2,052,763
299,320) 0 ( 1,063,646) ( 949,157) (
44,426) 0 ( 1,092,183 1,103,606
207,460 2,477 1,143,410 450,848) (
2,724,670 3,294,066 29,060,721 29,511,567
2,932,130 3,296,543 30,204,131 29,060,721
Total Governmental Funds

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
20 CITY OF RIVERBANK

RECONCILIATION OF THE STATEMENT OF REVENUES,

EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL

FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2018
Net change in fund balances - total governmental funds 1,143,410 The changes in net position reported for governmental activities in the statement of activities is different because:

Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which depreciation ($2,567,949) exceeded capital outlays 1,549,038) ( ($1,018,911) in the current period.

The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins and contributions) is to increase net assets. 11,335) ( The net change in pension expense either contributed to pension plan in current fiscal year not included on statement of activities; or expenses reported in statement of activities that do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. 430,908) ( Changes in net position of governmental activities 847,871) (

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
21 STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2018
Variance
With Final
Budget
Over 2017
Original Final Actual (Under) Actual

REVENUES
Property Tax 3,131,900 3,051,900 3,150,672 18,772 2,994,412 Sales Tax 3,000,000 2,943,800 3,307,696 307,696 3,244,950 Other Tax And Franchise Fees 697,500 682,500 732,731 35,231 746,148 Licenses And Permits 212,200 212,200 257,638 45,438 200,957 Intergovernmental 134,000 147,300 184,440 50,440 232,468 Fines And Forfeitures 45,000 124,000 174,595 129,595 141,668 Investment Earnings 157,300 45,000 22,913 134,387) ( 25,006 Service Charges And Miscellaneous 646,400 536,500 477,248 169,152) ( 358,025 Total Revenues 8,024,300 7,743,200 8,307,933 283,633 7,943,634

EXPENDITURES
General Government 2,490,400 2,297,500 2,039,965 450,435) ( 1,829,713 Public Safety 4,069,500 4,213,900 3,849,590 219,910) ( 3,681,649 Public Works 1,980,500 1,951,300 1,735,095 245,405) ( 1,708,430 Community Development 737,700 721,200 682,696 55,004) ( 640,625 Recreation And Leisure 481,700 956,700 472,638 9,062) ( 450,178 Capital Outlay 34,000 34,000 47,493 13,493 171,881
Total Expenditures 9,793,800 10,174,600 8,827,477 966,323) ( 8,482,476 Excess (Deficiency) Of Revenues
Over Expenditures ( 1,769,500) 2,431,400) ( 519,544) ( 1,249,956 538,842) (

OTHER FINANCING SOURCES (USES)
Transfers In 2,128,500 2,128,200 1,900,935 227,565) ( 1,795,170 Transfers Out ( 556,100) 77,900) ( 744,053) ( 187,953) ( 514,900) ( Total Other Financing Sources And (Uses) 1,572,400 2,050,300 1,156,882 415,518) ( 1,280,270 Net Change In Fund Balance ( 197,100) 381,100) ( 637,338 834,438 741,428 Fund Balance - Beginning 6,225,748 6,225,748 6,225,748 0 5,484,320 Fund Balance - Ending 6,028,648 5,844,648 6,863,086 834,438 6,225,748 Budgeted Amounts

CITY OF RIVERBANK

GENERAL FUND
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
22 STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2018
Variance
With Final
Budget
Over 2017
Original Final Actual (Under) Actual
General Government
City Council 96,900 191,900 101,682 90,218) ( 99,390
City Manager 217,900 232,900 212,559 ( 20,341) 138,314
Admin Services 718,300 725,100 623,810 ( 101,290) 699,333 Finance And Treasurer 771,400 832,700 724,298 ( 108,402) 632,904 City Attorney 496,000 510,800 390,139 ( 120,661) 310,066 Total General Government 2,493,400 2,300,500 2,052,488 440,912) ( 1,880,007 Public Safety
Police 4,051,900 3,907,500 3,688,052 ( 219,448) 3,582,386 Animal Control 162,000 162,000 161,538 462) ( 161,441
Total Public Safety 4,213,900 4,069,500 3,849,590 ( 219,910) 3,743,203 Public Works
Building Maintenance 185,200 185,200 180,852 ( 4,348) 164,758 Development Services 1,064,700 1,067,000 886,855 ( 180,145) 936,836 Street Maintenance 41,600 44,700 52,855 8,155 28,885
Parks Maintenance 683,600 659,800 649,503 34,097) ( 637,360 Total Public Works 1,951,300 1,980,500 1,770,065 ( 210,435) 1,767,839 Community Development
Planning 394,400 404,900 362,969 ( 41,931) 374,771
Building Department 316,800 322,800 309,727 ( 13,073) 255,854 Economic Development 10,000 10,000 10,000 0 10,000
Engineering 0 0 0 0 0
Total Community Development 721,200 737,700 682,696 ( 55,004) 640,625 Recreation And Leisure
Recreation 987,700 512,700 472,638 ( 40,062) 450,178
Total Culture And Leisure 987,700 512,700 472,638 ( 40,062) 450,178 Total General Fund 10,174,600 8,827,477 9,793,800 966,323) ( 8,481,852 Budgeted Amounts

CITY OF RIVERBANK

GENERAL FUND
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
23 CDBG SPECIAL REVENUE FUND

STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2018
Variance
With Final
Budget
Over 2017
Original Final Actual (Under) Actual

REVENUES
Interest Income 52,700 2,200 94,586 41,886 3,396
Intergovernmental 118,900 118,900 29,523 89,377) ( 40,244 Miscellaneous 30,600 27,000 0 30,600) ( 0
Total Revenues 202,200 148,100 124,109 78,091) ( 43,640

EXPENDITURES
Salaries And Benefits 148,900 148,900 95,771 53,129) ( 129,434 Supplies And Services 277,400 277,400 8,320 269,080) ( 9,792 Bad Debt 0 0 0 0 0
Capital Outlays 0 0 0 0 0
Total Expenditures 426,300 426,300 104,091 322,209) ( 139,226 Excess (Deficiency) Of Revenues
Over Expenditures ( 224,100) 278,200) ( 20,018 244,118 95,586) (

OTHER FINANCING SOURCES (USES)
Transfers In 0 0 0 0 0
Transfers Out 0 0 0 0 0
Total Other Financing Sources And (Uses) 0 0 0 0 0
Net Change In Fund Balance ( 224,100) 278,200) ( 20,018 244,118 95,586) ( Fund Balance - Beginning 11,206,831 11,206,831 0 11,206,831 11,302,417 Fund Balance - Ending 10,928,631 10,982,731 244,118 11,226,849 11,206,831

CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
Budgeted Amounts

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
24 SYSTEM DEVELOPMENT CAPITAL PROJECTS FUND

STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2018
Variance
With Final
Budget
Over 2017
Original Final Actual (Under) Actual

REVENUES
Investment Earnings 40,200 40,200 16,862 23,338) ( 17,108 Intergovernmental 0 0 379,015 379,015 539,463
Impact Fees 43,900 43,900 182,270 138,370 40,375
Service Charges And Miscellaneous 100 100 4,678 4,578 0 Total Revenues 84,200 84,200 582,825 498,625 596,946

EXPENDITURES
Salaries And Benefits 0 0 0 0 0
Supplies And Services 3,000 3,000 369 2,631) ( 150,000
Capital Outlays 861,600 838,000 286,066 575,534) ( 444,008 Total Expenditures 864,600 841,000 286,435 578,165) ( 594,008 Excess (Deficiency) Of Revenues
Over Expenditures ( 780,400) 756,800) ( 296,390 1,076,790 2,938

OTHER FINANCING SOURCES (USES)
Transfers In 75,000 75,000 0 75,000) ( 0
Transfers Out ( 22,800) 22,800) ( 20,273) ( 2,527 15,259) ( Total Other Financing Sources And (Uses) 52,200 52,200 20,273) ( 72,473) ( ( 15,259) Net Change In Fund Balance ( 728,200) 704,600) ( 276,117 1,004,317 12,321) ( Fund Balance - Beginning 5,609,406 5,609,406 5,609,406 0 5,621,727 Fund Balance - Ending 4,904,806 4,881,206 5,885,523 1,004,317 5,609,406

CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
Budgeted Amounts

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
25 SUCCESSOR REDEVELOPMENT AGENCY LMI HOUSING

STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
JUNE 30, 2018
Variance
With Final
Budget
Budgeted Amounts Over 2017
Original Final Actual (Under) Actual

REVENUES
Property Tax 0 0 1,741 1,741 0
Investment Earnings 0 0 736 736 363
Intergovernmental 0 0 0 0 0
Service Charges And Miscellaneous 0 0 0 0 0
Total Revenues 0 0 2,477 2,477 363

EXPENDITURES
Salaries And Benefits 0 0 0 0 0
Supplies And Services 93,000 93,000 0 93,000) ( 0
Interest 0 0 0 0 0
Capital Outlay 0 0 0 0 0
Total Expenditures 93,000 93,000 0 93,000) ( 0
Excess (Deficiency) Of Revenues
Over Expenditures ( 93,000) 93,000) ( 2,477 95,477 363

OTHER FINANCING SOURCES (USES)
Transfers In 0 0 0 0 0
Transfers Out 0 0 0 0 0
Total Other Financing Sources And (Uses) 0 0 0 0 0
Net Change In Fund Balance 93,000) ( 93,000) ( 2,477 95,477 363 Fund Balance - Beginning 3,294,066 3,294,066 3,294,066 0 3,293,703 Fund Balance - Ending 3,201,066 3,201,066 3,296,543 95,477 3,294,066

CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
26 STATEMENT OF NET POSITION
Community Local
Sewer Water Center Redevelop.

Fund Fund Fund Authority 2018 2017
Assets
Cash And Investments 2,783,666 4,469,346 33,735 240,658 7,220,719 7,527,405 Cash With Fiscal Agent 0 0 0 0 0 0
Accounts Receivable 863,210 1,093,890 0 4,990,615 6,947,715 9,184,366 Notes Receivable 0 0 0 18,086 18,086 24,302
Prepaids 3,048 3,048 0 0 6,096 6,096
Fixed Assets 12,237,017 754,642 15,797,892 1,120,221 29,909,772 29,624,953 Accumulated Depreciation ( 6,014,270) 6,382,133) ( 474,075) ( 241,096) ( 13,111,574) ( 12,306,602) ( Construction In Progress 4,130,393 3,972,772 0 1,649,229 9,752,394 7,419,116 Unamortized Bond Issue Costs 0 131,450 0 0 131,450 143,400 Total Assets 14,003,064 19,086,265 7,777,713 314,302 41,181,344 41,316,350

DEFERRED OUTFLOWS OF RESOURCES
Current Pension Plan Contribution 185,568 135,849 4,814 76,928 403,159 282,565 Liabilities
Accounts Payable 292,682 49,763 16,861 3,046,808 2,316,212 3,406,114 Customer Deposits 121,744 0 9,270 97,445 247,560 228,459 Compensated Absences 38,413 23,563 0 4,448 90,684 66,424 Due to Other Funds 0 538,284 0 0 538,284 608,543
Net Pension Liability 606,265 513,926 5,818 428,231 1,554,240 1,388,491 Loan Payable 3,296,182 245,912 0 0 3,542,094 3,907,962
Bond Payable 0 3,834,782 0 0 3,834,782 4,333,806
Total Liabilities 4,355,286 5,206,230 31,949 3,576,932 13,170,397 12,893,258

DEFERRED INFLOWS OF RESOURCES
Deferral Of Pension Expense 72,502 77,110 2,921) ( 75,936 222,627 170,475 Net Position
Invested In Capital Assets,
Net Of Related Debt 7,056,958 9,307,837 280,567 2,528,354 16,495,699 19,173,716 Restricted For Debt Service 0 0 0 0 0 0
Unrestricted 4,630,937 2,703,886 9,521 1,673,419 12,039,483 9,017,763 Total Net Position 9,760,844 13,938,774 290,088 4,201,773 28,191,479 28,535,182

CITY OF RIVERBANK

PROPRIETARY FUNDS
JUNE 30, 2018
Totals
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
Business-Type Activities-Enterprise Funds

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
27 CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
Community Local
Sewer Water Center Redevelop.

Fund Fund Fund Authority 2018 2017
Operating Revenues
Intergovernmental 0 0 0 13,762,883 13,762,883 14,955,851 Service Charges 4,091,519 2,140,854 132,320 1,641,553 8,006,246 7,067,784 Miscellaneous Revenues 210,415 4,078 8,992 0 40,672 223,485 Total Operating Revenues 2,351,269 4,095,597 141,312 15,404,436 22,064,307 21,992,614 Operating Expenses
Employee Services 466,902 640,043 52,303 274,308 1,402,450 1,433,556 Supplies And Services 654,479 719,476 116,272 17,430,960 18,462,537 18,921,187 Depreciation 329,057 407,016 1,342 67,555 805,818 804,970 Total Operating Expenses 1,688,576 1,528,397 169,917 17,772,823 20,670,805 21,159,713 Operating Income (Loss) 662,693 2,567,200 28,605) ( 2,368,387) ( 832,901 1,393,502 Nonoperating Revenues (Expenses)
Investment Earnings 11,784 17,117 0 0 26,980 28,901
Connection Fees 20,790 21,450 0 0 10,175 42,240
Development Fees 10,191 17,900 0 0 26,734 28,091
Gain (Loss) on Fixed Assets 0 0 0 58,242 0 58,242
Interest Expense 151,275) ( 78,670) ( 0 0 ( 262,334) 229,945) ( Amortization Of Bond Issue Costs ( 0 11,950) 0 0 ( 11,950) 11,950) ( Total Nonoperating Revenues (Expenses) ( 22,203) 120,460) ( 0 58,242 ( 84,421) 210,395) ( Income Before Transfers
And Contributed Capital 640,490 2,446,740 28,605) ( 2,310,145) ( 748,480 1,183,107 Contributed Capital 0 0 0 0 0 0
Operating Transfer In 691,242 1,585,128 15,000 0 3,821,008 2,291,370 Operating Transfer Out ( 2,152,951) 1,230,602) ( 0 0 ( 3,383,553) 4,924,614) ( Total Other Financing Sources (Uses) ( 567,823) 539,360) ( 15,000 0 1,092,183) ( 1,103,606) ( Change In Net Position 1,907,380 72,667 13,605) ( 2,310,145) ( 343,703) ( 79,501 Total Net Position - Beginning 12,031,394 9,688,177 303,693 6,511,918 28,535,182 28,455,681 Prior Period Adjustment - GASB 68 0 0 0 0 0 0
Adjusted Net Position - Beginning 9,688,177 12,031,394 303,693 6,511,918 28,535,182 28,455,681 Total Net Position - Ending 9,760,844 13,938,774 290,088 4,201,773 28,191,479 28,535,182

PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2018
Totals
Business-Type Activities-Enterprise Funds

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
28 STATEMENT OF CASH FLOWS
Community Local
Sewer Water Center Redevelop.

Fund Fund Fund Authority 2018 2017

CASH FLOWS FROM OPERATING

ACTIVITIES
Receipts From Customers And Users 2,319,886 3,630,089 142,312 17,610,064 23,702,351 14,357,282 Receipts From Interfund Services Provided 0 0 0 0 0 0
Payments To Suppliers ( 422,204) 678,149) ( 107,136) ( 16,611,879) ( 17,819,368) ( 17,354,725) ( Payments To Employees ( 588,661) 429,328) ( 51,498) ( 296,720) ( 1,366,207) ( 1,305,600) ( Payments For Interfund Services Used ( 70,259) 0 0 0 ( 8,285) 70,259) ( Net Cash Provided By Operating Activities 2,452,353 1,309,021 ( 16,322) 701,465 4,446,517 ( 4,311,328)

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfer In 1,585,128 691,242 15,000 0 2,291,370 3,821,008 Transfer Out ( 2,152,951) 1,230,602) ( 0 0 3,383,553) ( 4,924,614) ( Net Cash Provided (Used) By Capital
And Related Financing Activities ( 539,360) ( 567,823) 15,000 0 ( 1,092,183) ( 1,103,606)

CASH FLOWS FROM CAPITAL AND

RELATED FINANCING ACTIVITIES
Connection Fees 21,450 20,790 0 0 42,240 10,175
Development Fees 17,900 10,191 0 0 28,091 26,734
Purchase Of Capital Assets ( 1,061,682) 64,675) ( 0 1,491,741) ( 2,618,098) ( 1,904,865) ( Funds Provides On New Lease 507,813 0 0 0 507,813 1,785,028 Funding Costs On New Loan 0 0 0 0 0 0
Loss on Disposal Of Capital Assets 0 0 0 58,242 58,242 0 Principal Paid On Capital Debt ( 308,269) 556,623) ( 0 0 864,892) ( 842,370) ( Interest Paid On Capital Debt ( 151,275) 78,670) ( 0 0 229,945) ( 262,334) ( Net Cash Provided (Used) By Capital
And Related Financing Activities ( 741,592) ( 901,458) 0 ( 1,433,499) ( 3,076,549) ( 1,187,632)

CASH FLOWS FROM INVESTING

ACTIVITIES
Interest Received 17,117 11,784 0 0 28,901 26,980
Net Cash Provided By Investing Activities 17,117 11,784 0 0 28,901 26,980 Net Increase In Cash And Cash Equivalents 143,143) 1,183,185 ( 1,322) ( 732,034) ( 306,686 6,575,586) ( Cash And Equivalents, July 1 3,286,161 2,926,809 35,057 972,692 7,220,719 13,796,305 Cash And Equivalents, June 30 2,783,666 4,469,346 33,735 240,658 7,527,405 7,220,719

CITY OF RIVERBANK

PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2018
Totals
Business-Type Activities-Enterprise Funds
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
29 Reconciliation Of Operating Income To Community Local Net Cash Provided (Used) By Operating Sewer Water Center Redevelop.

Activities Fund Fund Fund Authority 2018 2017
Operating Income 662,693 2,567,200 28,605) ( 2,368,387) ( 832,901 1,393,502 Adjustments To Reconcile Operating Income
To Net Cash Provided (Used) By Operating
Activities
Depreciation Expense 329,057 407,016 1,342 67,555 804,970 805,818 (Increase) Decrease In
Deferred Outflows of Resources ( 44,013) ( 68,517) ( 995) ( 7,069) ( 120,594) ( 136,926) Accounts Receivable ( 465,508) ( 10,473) 0 2,204,819 1,728,838 ( 7,558,152) Prepaids 0 0 0 6,216 6,216 5,698
Due From Other Funds 0 0 0 0 0 0
Increase (Decrease) In
Accounts Payable ( 297,275 23,670) 9,138 807,162 1,089,905 1,097,109 Compensated Absences 3,908) 2,060 ( 0 22,412) ( 24,260) ( 256) ( Deferred Inflows of Resources 29,631 19,034 430 3,057 52,152 85,605) ( Net Pension Liability 94,173 60,493 1,368 9,715 165,749 325,342 Customer Deposits 20,910) 0 ( 1,000 809 19,101) ( 149,573) ( Due To Other Funds ( 70,259) 0 0 0 ( 8,285) 70,259) (
Net Cash Provided (Used) By Operating Activities 1,309,021 2,452,353 16,322) ( 701,465 4,446,517 4,311,328) ( Totals

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
30 CITY OF RIVERBANK

STATEMENT OF FIDUCIARY NET POSITION

AGENCY FUNDS
JUNE 30, 2018
WITH COMPARATIVE ACTUAL AMOUNTS FOR YEAR ENDED JUNE 30, 2017 County Assessment Assessment
Impact District District
Fee 1991 - 1 1991 - 3
Fund Fund Fund RDA 2018 2017
Assets
Cash And Investments 28,894 390,776 183 921,510 1,341,363 1,089,129 Accounts Receivable 30 66 0 0 45 96
Fixed Assets 0 0 0 0 0
Accumulated Depreciation 0 0 0 0 0 0
Unamortized Bond Issue Costs 0 0 0 103,127 103,128 103,127 Due From Other Funds 0 0 0 0 0 0
Total Assets 28,924 390,842 183 1,024,637 1,444,586 1,192,302 Liabilities And Fund Balances
Liabilities
Due to Bond Paying Agent 0 0 0 0 0 0
Due To Other Government 28,833 390,842 183 1,024,637 1,444,495 1,192,302 Total Liabilities 28,833 390,842 183 1,024,637 1,444,495 1,192,302 Net Position 0
Totals
(Memorandum Only)

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
31 CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
32 I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Riverbank, California (City) have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP).

The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. In June 1999, the GASB unanimously approved Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis – for State and Local Governments. Certain of the significant changes in the Statement include the following:
 A Management and Discussion and Analysis (MD&A) section providing an analysis of the City’s overall financial position and results of operations.  Financial statements prepared using the full accrual accounting for all of the City’s activities, except for infrastructure (roads, streets, bridges, etc.)  A change in the fund financial statements to focus on the major funds.

These and other changes are reflected in the accompanying financial statements (including notes to financial statements). The more significant of the City’s accounting policies are described below:

A. Financial Reporting Entity
The accompanying basic financial statements present the financial activity of the City of Riverbank (primary government) and its component units, entities for which the government is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the government’s operations. Discretely presented component units represent other legally separate organizations for which the primary government is financially accountable or for which the nature and significance of their relationship to the primary government are such that exclusion would cause the City’s reporting entity to be misleading or incomplete. The City’s component units are blended; there are no discretely presented component units in the Financial Reporting Entity.

City of Riverbank
The City (primary government) was incorporated in 1922 under the general laws of the State of California. The City provides the full range of municipal services as contemplated by statute.

Services provided include sewer, water, public safety (police), street construction and maintenance, culture-recreation, public improvements, planning and zoning, and general administrative and support services. The City operates under a Council-Manager form of government. The City Council consists of five members elected at large for overlapping four year terms. The City Council appoints a City Administrator and City Attorney.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
33 City of Riverbank – continued
In addition to sitting as the governing board of the City, the City Council also acts as the Board of Directors of one blended component unit: the Redevelopment Agency of the City of Riverbank through January 31, 2012. On February 1, 2012 all Redevelopment Agencies (RDA) statewide were dissolved. The City elected to be the Successor Agency for the Low/Moderate Income Housing Fund. The general RDA Fund was transferred to the Riverbank Local Designated Authority, a separate entity created by the State when the City did not elect to be the Successor Agency for that fund. The Successor Agency Fund is now reported as a special revenue on the City’s financial statements.

B. Government-wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net position and the statement of changes in net position) report information on all of the nonfiduciary activities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues.

Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial. Major individual governmental funds are reported as separate columns in the fund financial statements.

C. Measurement Focus, Basis of Accounting and Basis of Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund financial statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
34 C. Measurement Focus, Basis of Accounting and Basis of Presentation – continued Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period.

For this purpose, the City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences, are recorded only when payment is due.

Property taxes and taxpayer-assessed tax revenues (e.g., franchise taxes, sales taxes, motor vehicle fees, etc.) net of estimated refunds and uncollectible amounts, and interest associated with the current fiscal period are all considered susceptible to accrual and so have been recognized as revenues of the current fiscal period. All other revenue items are considered measurable and available only when cash is received by the City. The City reports the following major governmental funds:

The General Fund is the City’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

CDBG Fund - To account for federal grants and other monies received and disbursed under the Housing and Community Development Act, to assist low and moderate income groups in obtaining loans to purchase their first home and rehabilitate or revitalize their homes.

Systems Development Fund - To account for development impact fees collected. These fees are used for infrastructure and capital expenditure resulting from new developments.

Successor RDA LMI Housing Fund – This fund was created when the City elected to assume the housing function previously performed by the Redevelopment Agency. The noncash assets and encumbered cash of the Redevelopment LMI Housing Fund were transferred to this Fund.

The city reports the following major proprietary funds.

The Water Fund accounts for the activities of the City’s water service.

The Sewer Fund accounts for the activities of the City’s sewer service.

The Community Center Fund accounts for the activities of the City’s Community Center service.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
35 C. Measurement Focus, Basis of Accounting and Basis of Presentation – continued The Local Redevelopment Authority Fund accounts for the activities of the City’s Ammunition Factory services.

Additionally, the City reports the following fund types:

The County Impact Fee Agency Fund, accounts for impact fees which are collected on behalf of Stanislaus County.

The Assessment District 1991-1 Agency Fund, accounts for the collection of assessments and payment of debt service on behalf of the District.

The Assessment District Agency 1991-3 Fund, accounts for the collection of assessments and payment of debt service on behalf of the District.

The Redevelopment Agency Fund, accounts for the collection of property tax revenues used for the administration of the agency and development projects within the designated redevelopment area.

Private-sector standards of accounting and financial reporting issued prior to December 1, 1989 generally are followed in the government-wide financial statements to the extent that those standards do not conflict with or contradict guidance of the GASB.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

Amounts reported as program revenues include 1) charges to customers and applicants, for goods, services or privileges provided, 2) operating grants and contributions and 3) capital grants and contributions. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes.

Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing goods and services and producing and delivering goods in connection with a proprietary fund’s principal ongoing operations. The principle operating revenues of the enterprise and internal service funds are charges for sales and services.

Operating expenses for enterprise funds include salaries and employee benefits, maintenance and operation of systems and facilities, administrative expenses and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses.

When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources first, then unrestricted resources, as they are needed.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
36 D. Assets, Liabilities and Equity

1. Cash and Investments
In order to maximize the flexibility of its investment program and to aid in cash budgeting, the City pools the cash of all funds, except for monies deposited with fiscal agents in accordance with related bond indentures. The cash and investments balance in each fund represents that fund’s equity share of the City’s cash and investment pool. As the City places no restrictions on the deposit or withdrawal of a particular fund’s equity in the pool, the pool operates like a demand deposit account for the participating funds.

Interest income earned on pooled cash and investments is allocated quarterly. Interest income on restricted cash and investments with fiscal agents is credited directly to the related fund.

In accordance with the State of California Government Code, the City adopts an investment policy annually that, among other things, authorizes types of investments. Authorized investments include:
 Securities of the U.S. government or its agencies
 Certificates of Deposit (or time deposits) placed with commercial banks and/or savings and loan associations
 Bankers Acceptances
 State Treasurer’s Local Agency Investment Fund (LAIF)  Repurchase Agreements
 Passbook savings account demand deposits
 Mutual Funds
 High Grade Commercial Paper (A-1 and P-1 Rated)
Investments for the City are reported at fair value. LAIF operates in accordance with appropriate state laws and regulations. The reported value of the pool is the same as the fair value of the pool shares.

For purposes of the statement of cash flows, the city has defined cash and cash equivalents to be change and petty cash funds, equity in the City’s cash and investment pool and restricted, nonpooled investment with initial maturities of three months or less.

2. Receivables and Payables
Activity between funds that are representative of lending/borrowing outstanding at the end of the fiscal year are referred to as either "interfund receivables/payables" (i.e. the current portion of interfund loans) or “advances to/from other funds” (i.e. the non-current portion of interfund loans).

All other outstanding balances between funds are reported as “due to/from other funds”.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
37 2. Receivables and Payables (continued)
Advances between funds, as reported in the fund financial statements, are offset by a fund balance reserve account in applicable governmental funds to indicate that they are not available for appropriation and are not expendable available financial resources.

All trade and tax receivables are shown net of an allowance for uncollectible accounts and estimated refunds due.

3. Property Taxes
Property taxes are levied on the first day of March by the county assessor, and are payable to the county tax collector in two installments. The first installment is due November 1st, and is delinquent on December 10th, the second installment is due February 1st and is delinquent on April 10th.

Taxes become a lien on the property on March 1st, and on the date of transfer of title, and the date of new construction. The minimum property value which is taxed is $2,000; however, tax bills are prepared for properties valued at less than $2,000 if there is a special assessment to be collected.

Article 13A of the California Constitution states, "The maximum amount of any ad valorem tax on real property shall not exceed one percent (1%) of the full cash value of such property. The one percent tax is to be collected by the counties and apportioned according to law to the districts within the counties."
The City has elected under state law (TEETER) to receive all of the annual property assessments in three installments as follows:

December 55%
April 40%
June 5%
100%

4. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

5. Restricted Assets
Certain proceeds of revenue bonds, as well as certain resources set aside for their repayment, are classified as restricted assets on the balance sheet because their use is limited by applicable bond covenants.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
38 6. Capital Assets
Capital assets, which include property, plant, equipment and infrastructure assets (e.g. roads, bridges, sidewalks, traffic lights and signals, street lights and similar items), are reported in the applicable governmental columns in the government-wide financial statements. Capital assets are defined by the City as assets with an initial, individual cost of $1,000 for property, plant and equipment and $25,000 for infrastructure. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at their estimated fair value at the date of donation. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized.

Major outlay for capital assets and improvements are capitalized as projects are constructed.

Depreciation is recorded in the in amounts sufficient to relate the cost of the depreciable assets to operations over their estimated service life using the straight-line method. Assets are depreciated from 3 to 50 years.

7. Compensated Absences
It is the City’s policy to permit employees to accumulate earned but unused vacation and sick leave benefits. All vacation and sick leave benefits are accrued as earned by employees. All vacation and sick leave pay is accrued when incurred in the government-wide financial statements. A liability for these amounts is reported in the governmental and proprietary funds.

8. Pensions
For purposes of liability and deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the City of Riverbank’s California Public Employees’ Retirement System (CalPERS) plans (Plans) and additions to/deductions from the Plans’ fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.

9. Long-Term Obligations
In the government-wide financial statements, long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the bonds using the straight-line method.

Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as deferred charges and amortized over the term of the related debt.

In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs,

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
39 9. Long-Term Obligations (continued)
whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

10. Net Position and Fund Equity
In the government-wide financial statements, net position are reported in three categories: net position invested in capital assets, net of related debt; restricted net position and unrestricted net position. Restricted net position represent net position restricted by parties outside the City (such as creditors, grantors, contributors, laws and regulations of other governments) and include unspent proceeds of bonds issued to acquire or construct capital assets. The City’s other restricted net position are temporarily restricted (ultimately expendable assets). All other net position are considered unrestricted.

In the fund financial statements, fund balance is reported in classifications that comprise a hierarchy based on the extent to which the City is bound to honor constraints on the specific purposes for which amounts in those funds can be spent. The classifications of fund balance are Non-spendable, Restricted, Committed, Assigned, and Unassigned. Non-spendable and Restricted fund balances represent the restricted classifications, and Committed, Assigned, and Unassigned represent the unrestricted classifications.
 Non-spendable fund balance includes amounts that cannot be spent because either 1) it is not in a spendable form, such as inventory or prepaid items or 2) legally or contractually required to be maintained intact.
 Restricted fund balance includes amounts that are constrained for specific purposes which are externally (outside the City) imposed by creditors, grantors, contributors, laws and regulations of other governments, or laws through constitutional provisions or enabling legislation.
 Committed fund balance includes amounts that are constrained for specified purpose that are internally imposed by the government through formal action of the highest level of decision making authority and does not lapse at year-end.
 Assigned fund balance represents limitations imposed by management.  Unassigned fund balance represents the residual net resources in excess of the other classifications. The General Fund is the only fund that can report a positive unassigned fund balance and any governmental fund can report a negative unassigned fund balance.

When both restricted and unrestricted resources are available for specific expenditures, restricted resources are considered spent before unrestricted resources, unless there are legal documents/contracts that prohibit doing this, such as a grant agreement requiring dollar for dollar spending. Within unrestricted resources, committed and assigned are considered spent (if available) before unassigned amounts.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
40 10. Net Position and Fund Equity - continued
As of June 30, 2018, the fund balance details by classification are listed below:

Total
Successor System Other Governmental
General CDBG RDA Development Funds Funds
Fund Balances:

Nonspendable: 0 538,284 538,284
Restricted:

Housing 11,226,849 3,296,543 14,523,392
System Development 5,347,239 5,347,239
Transportation 190,837 190,837
Public Safety 45,278 45,278
Committed To:

Assigned To:

Community Development 1,071,000 1,071,000
Riverbank Donations 3,601 3,601
Landscaping 337,743 337,743
Public Works 455,019 455,019
Self Insurance 0 0
Other Purposes 887,963 887,963
Unassigned: 6,863,086 59,311) ( 6,803,775
Total Fund Balances 6,863,086 11,226,849 3,296,543 5,885,523 2,932,130 30,204,131

11. Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principals requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

II. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
A. Budgetary Information
The City Council is required to adopt an annual budget resolution by July 1 of each fiscal year for the general fund, and special revenue, capital projects, debt service, and enterprise funds. These budgets are adopted and presented for reporting purposes on a basis consistent with generally accepted accounting principles.

The appropriated budget is prepared by fund, function, and department. The legal level of budgetary control (i.e., the level at which expenditures may not legally exceed appropriations) is the department level. The council made several supplemental budgetary appropriations throughout the year.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
41 B. Excess of Expenditures over Appropriations
For the year ended June 30, 2018, expenditures exceeded appropriations in several department as follows:

General Fund:

Capital Outlay 13,493

The General funds over-expenditures were funded through the reserves of the General Fund. The CDBG, System Development fund over-expenditures was funded by available fund balance.

III. DETAILED NOTES ON ALL FUNDS
A. Cash And Investments
Cash and investments as of June 30, 2018 are classified in the accompanying financial statements as follows:

Cash and investments 24,092,069
Cash and investments held by bond trustee 0
Total cash and investments 24,092,069
Cash and investments as of June 30, 2018 consist of the following:

Cash on hand 610
Deposits with financial institutions 18,544,714 Investments in LAIF 5,546,745 Total cash and investments 24,092,069

Investments Authorized by the City’s Investment Policy
The City’s investment policy authorizes investment in the local government investment pool administered by the State of California (LAIF). The City’s investment policy also authorizes cash to be invested in Certificates of Deposits, Money Market Mutual Funds, Bankers Acceptances, Repurchase Agreements, Passbook Savings Demand Deposits, and High Grade Commercial Paper.

The City’s investment policy does not contain any specific provisions intended to limit the City’s exposure to interest rate risk, credit risk, and concentration of credit risk.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
42 A. Cash And Investments (continued)
Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. As of year-end, the weighted average maturity of the investments contained in the LAIF investment pool is approximately 6.49 months.

Maturity Date
State investment pool 5,546,745 6.49 months average maturity Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. LAIF does not have a rating provided by a nationally recognized statistical rating organization.

Concentration of Credit Risk
The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code.

Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits, other than the following provision for deposits: The California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The market value of the pledged securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits.

The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for investments.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
43 Custodial Credit Risk (continued)
With respect to investments, custodial credit risk generally applies only to direct investments in marketable securities. Custodial credit risk does not apply to a local government’s indirect investment in securities through the use of mutual funds or government investment pools (such as LAIF).

Investment in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by the California Government Code under the oversight of the Treasurer of the State of California. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro-rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.

Cash with Fiscal Agent
The City maintains cash and investments which are restricted under the terms of various debt agreements. The money is included in the City’s pooled cash and investment program. Restricted cash and investments as of June 30, 2018 is $0.00.

Deferred Compensation Plan
The City offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The City deposits deferred compensation plan assets with the California Public Employees Retirement System (PERS). Federal legislation requires that the assets of such plans be held in trust for the exclusive benefit of the plan participants and their beneficiaries. PERS act as the trustees for the plan assets and the City is considered to have limited fiduciary responsibility for the plan assets. As such, the City does not report the deferred compensation plan assets on its financial statements.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
44 B. Accounts Receivable
Receivables at June 30, 2018 for the City’s individual major funds and non-major funds in the aggregate, including applicable allowances for uncollectible accounts, are as follows.

All receivables are expected to be collected within one year.

System
General CDBG Development
Governmental Activities:

Interest 4,455 922 5,720 Utility Billing 395,280 0 0 Other 557,081 0 0 Total 956,816 922 5,720 Successor RDA Nonmajor LMI Housing Governmental Total
Governmental Activities:

Interest 234 5,619 16,950 Utility Billing 0 0 395,280 Other 1,935 179,361 738,377 Total 2,169 184,980 1,150,607 Local Community Redevelop.

Water Sewer Center Authority Total
Business-Type Activities:

Utility Billings 361,456 606,830 0 0 968,286 Interest 6,336 2,939 0 0 9,275 Other 495,418 484,121 0 4,990,615 5,970,154 Total 863,210 1,093,890 0 4,990,615 6,947,715 C. Notes Receivable
The City is the recipient of Community Development Block Grant and Home Program Funds. The Funds are provided to use for housing and business loans to qualified recipients at various below market interest rates ranging from 0 to 4%. The terms of the loans range between fifteen and thirty years. All loans are secured by deeds of trust. The amount outstanding as of June 30, 2018 is $10,509,700.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
45 D. Interfund Receivables and Payables
Interfund receivable/payable balances at June 30, 2018 consist of the following:
 The Sewer Fund borrowed $608,542 from the Streets/PW System Development Fee Fund in accordance with Resolution 2011-021. The Sewer Fund will reimburse funds from future sewer fees collected.

E. Capital Assets
Capital asset activity for the year ended June 30, 2018 was as follows:

Beginning Balance Increases Decreases Ending Balance
Governmental Activities
Capital assets not being depreciated:

Land 3,957,541 0 0 3,957,541 Construction in progress 468,160 785,882 40,000) ( 1,214,042 Total capital assets being depreciated 4,425,701 785,882 40,000) ( 5,171,583 Capital assets being depreciated:

Infrastructure 161,007 76,385,191 0 76,546,198
Land Improvements 20,000 15,690,759 0 15,710,759 Equipment And Vehicles 5,812,860 86,430 0 5,899,290 Building And Improvements 5,483,519 0 5,592 5,489,111 Total capital assets being depreciated 103,372,329 273,029 0 103,645,358 Less accumulated depreciation for:

Infrastructure ( 1,807,446) 41,746,953) ( 0 43,554,399) ( Land Improvements ( 452,951) 3,747,156) ( 0 4,200,107) ( Equipment And Vehicles 4,378,421) ( 146,085) ( 0 4,524,506) ( Building And Improvements 1,978,257) ( 161,467) ( 0 2,139,724) ( Total accumulated depreciation 51,850,787) ( 2,567,949) ( 0 54,418,736) ( Net capital assets being depreciated 51,521,542 2,294,920) ( 0 49,226,622 Total net capital assets - Governmental Activities 1,509,038) 55,947,243 ( 40,000) ( 54,398,205 Depreciation was charged to functions/programs of the primary government as follows:

Government Activities:

Public Works 2,567,949
Total Depreciation expense – Government activities 2,567,949

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
46 E. Capital Assets (continued)
Beginning
Balance Increases Decreases
Ending
Balance
Business-type Activities
Capital assets not being depreciated:

Land 2,181,195 192,089 0 2,373,284 Construction in progress 7,419,116 2,333,278 0 9,752,394 Total capital assets not being depreciated 2,525,367 9,600,311 0 12,125,678 Capital assets being depreciated:

Equipment And Vehicles 13,210,081 81,490 0 13,291,571 Building And Improvements 14,233,677 11,240 0 14,244,917 Total capital assets being
depreciated 92,730 27,443,758 0 27,536,488 Less accumulated depreciation for:

Equipment And Vehicles 8,380,668) ( 445,340) ( 0 8,826,008) ( Building And Improvements 3,925,936) ( 359,630) ( 0 4,285,566) ( Total accumulated depreciation 12,306,604) ( 804,970) ( 0 13,111,574) ( Net capital assets being depreciated 15,137,154 712,240) ( 0 14,424,914 Total net capital assets - business-type activities 24,737,465 1,813,127 0 26,550,592 Business- Type Activities:

Water 329,057
Sewer 407,016
Ammo Plant 67,555
Community Center 1,342
Total Depreciation expense – Business-Type Activities 804,970 F. Transfers
Interfund transfers for the year ended June 30, 2018 consisted of the following amounts:

Transfers Transfers
Fund In Out
General Fund 1,900,935 744,053
System Development 0 20,273
Nonmajor Governmental 254,894 299,320
Proprietary 2,291,370 3,383,553
Total 4,447,199 4,447,199

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
47 G. Payables And Other Liabilities
Payables at June 30, 2018 for the City’s individual major funds and non-major funds in the aggregate are as follows:

System
General CDBG Development
Governmental Activities
Vendors 1,182,059 448 37,126 Deposits 77,870 0 0 Salaries and Benefits 568,108 0 0 Total 1,828,037 448 37,126 Successor RDA Nonmajor LMI Housing Governmental Total
Governmental Activities
Vendors 0 90,414 1,310,047 Deposits 0 0 77,870 Salaries and Benefits 0 7,329 575,437 Total 0 97,743 1,963,354 Local Community Redevelop.

Water Sewer Center Authority Total
Business-Type Activities
Vendors 291,249 43,027 12,489 3,045,060 3,391,825
Customer Deposits 121,744 0 9,270 97,445 228,459
Salaries and Benefits 1,433 6,736 4,372 1,748 14,289 Total 414,426 49,763 26,131 3,144,253 3,634,573 H. Long-Term Debt
Business-Type Activities:

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
48 H. Long-Term Debt (continued)
Project) issued on February 3, 2005 in the original principal amount of $4,475,000 and which had currently outstanding principal in the amount of $2,075,000. The amount was paid off in September 10, 2014.

Refinancing of Sewer Bond is due in bi-annual installments of $153,784, interest not more than

2.38% per annum payable on February 1 and August 1 through 2019. Loan proceeds were used to finance the Waste Treatment Construction Project. Loan payable outstanding at June 30, 2018 is $599,007.

The annual debt service requirements to maturity are as follows:

Year Ending
June 30 Total
Principal Interest Debt Service
2019 295,057 12,511 307,568 2020 303,950 3,617 307,567 Total 599,007 16,128 615,135 Loans Payable 2013 Sewer Loan is due in bi-annual installments of $167,890, interest not more than 2.38% per annum payable on February 1 and August 1 through 2029. Loan proceeds were used to finance the Waste Treatment Construction Project. Loan payable outstanding at June 30, 2018 is $3,235,775 The annual debt service requirements to maturity are as follows:

Year Ending
June 30 Total
Principal Interest Debt Service
2019 218,698 117,083 335,781 2020 226,820 108,961 335,781 2021 235,244 100,537 335,781
2022 243,980 91,800 335,780
2023 253,041 82,739 335,780
2024-2028 1,413,349 265,555 1,678,904 2029-2030 644,643 26,919 671,562 Total 3,235,775 793,594 4,029,369 Loan Payable

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
49 H. Long-Term Debt (continued)
Loan Payable, State of California Water Resources Control Board, is due in annual installments of $65,563, interest at 2.7% per annum payable on October 25 through 2022. Proceeds from the loans were used for the construction and improvement of capital assets for the waste water treatment plant expansion. Loans payable outstanding at June 30, 2018 is $245,912.

The annual debt service requirements to maturity are as follows:

Year Ending
June 30 Total
Principal Interest Debt Service
2019 59,111 6,453 65,564 2020 60,662 4,902 65,564
2021 62,353 3,310 65,663
2022 63,786 1,676 65,462 Total 245,912 16,341 262,253 Loans Payable The City entered into a Master Governmental Lease Purchase agreement with Wells Fargo Banks to update the city’s water meters on December 15, 2015. The agreed finance amount of $4,054,224 is due in 24 semiannual installments of $193,469.62, interest at 2.23% per annum payable on June and December through 2027. Proceeds from the lease are being used for the replacement of the city’s water meters. Lease payable outstanding at June 30, 2018 is $3,296,182.

The annual debt service requirements to maturity are as follows:

Year Ending
June 30 Total
Principal Interest Debt Service
2019 315,182 71,757 386,939 2020 322,250 64,690 386,940 2021 329,476 57,464 386,940
2022 336,864 50,075 386,939
2023 344,418 42,521 386,939
2024-2028 1,647,992 93,234 1,741,226 Total 3,296,182 379,741 3,675,923 Loan Payable

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
50 H. Long-Term Debt (continued)
The following is a summary of changes in the City’s long-term debt and other long-term liabilities during the year ended June 30, 2018.

Beginning Ending Due Within
Balance Additions Deductions Balance One Year
Govermental-Type Activities:

Compensated Absences 204,732 0 9,569) ( 195,163 19,516 Long-term liabilities of Govermental-Type Activities: 204,732 0 9,569) ( 195,163 19,516 The following is a summary of changes in the City’s Proprietary Funds long-term debt, including compensated absences, during the year ended June 30, 2018.

Beginning Ending Due Within
Balance Additions Deductions Balance One Year
Business-Type Activities:

Loan Payable 887,165 0 ( 288,158) 599,007 281,420
Loan Payable 3,446,641 0 ( 210,866) 3,235,775 203,317
Loan Payable 303,511 0 ( 57,599) 245,912 56,127
Water Meter Lease 3,604,451 0 ( 308,269) 3,296,182 301,508 Compensated Absences 90,685 0 ( 24,261) 66,424 9,094
Long-term liabilities of
Business-Type Activities: 8,332,453 0 ( 889,153) 7,443,300 851,466 Total long-term liabilities 8,537,185 0 ( 898,724) 7,638,461 870,982 The annual debt service requirements for the City’s Proprietary Funds to maturity are as follows:

Year Ending
June 30 Total
Principal Interest Debt Service
2019 888,048 207,804 1,095,852 2020 913,682 182,170 1,095,852 2021 627,073 161,311 788,384 2022 644,630 143,551 788,181 2023 597,459 125,260 722,719
2024-2028 3,061,341 358,789 3,420,130 2029-2030 644,643 26,919 671,562 Total 7,376,876 1,205,804 8,582,680 Loan Payable

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
51 I. Evaluation of Subsequent Events
The City has evaluated subsequent events through March 10, 2021, the date which the financial statements were available to be issued.

IV. OTHER INFORMATION
A. Risk Management
The City of Riverbank participates with other public entities in a joint exercise of powers agreement, which establishes the Central San Joaquin Valley Risk Management Authority (CSJVRMA). The relationship between the City and CSJVRMA is such that CSJVRMA is not a component unit of the City for financial reporting purposes.

The City is covered for the first $1,000,000 of each general liability claim and $250,000 of each workers’ compensation claim through the CSJVRMA. The City has the right to receive dividends or the obligation to pay assessments based on a formula which, among other expenses, charges the City’s account for liability losses under $10,000 and workers’ compensation losses under $10,000.

The CSJVRMA participates in an excess pool which provides general liability coverage from $1,000,000 to $10,000,000. The CSJVRMA participates in an excess pool that provides workers’ compensation coverage from $250,000 to $500,000 and purchases excess insurance above the $500,000 to the statutory limit. The CSJVRMA is a consortium of fifty-four (54) cities in San Joaquin Valley, California. It was established under the provisions of California Government Code Section 6500 et seq. The CSJVRMA is governed by a Board of Directors, which meets 3-4 times per year, consisting of one member appointed by each member city. The day-to-day business is handled by a management group employed by the CSJVRMA.

The financial position and results of operations for the CSJVRMA, as of June 30, 2018, are presented below:

Total Assets 110,234,633
Total Liabilities 92,209,231 Total Net Assets 18,025,402 Total Liabilities & Net Assets 110,234,633 Total Revenues for Year 46,697,909 Total Expenses for Year 46,647,078 Net Income(Loss) for Year 50,831 At the termination of the joint powers agreement and after all claims have been settled, any excess deficit will be divided among the cities in accordance with its governing documents.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
52 B. Commitments and Contingencies
The City of Riverbank is a party in various lawsuits. Although the outcome of these lawsuits is not presently determinable, it is the opinion of the City's counsel that resolution of these matters will not have a material adverse effect on the financial condition of the City.

C. Employee Retirement Systems and Plans
The City contributes to the California Public Employees’ Retirement System (PERS), an agent multiple-employer public employee defined benefit pension plan. PERS provides retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. PERS acts as a common investment and administrative agent for participating public entities within the State of California. Benefit provisions and all other requirements are established by state statute and city ordinance. Copies of PERS’ annual financial report may be obtained from their Executive Office – 400 P Street – Sacramento CA 95814.

Benefits Provided – CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service.

The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
53 C. Employee Retirement Systems and Plans (continued) The Plans’ provisions and benefits in effect as of June 30, 2018, are summarized as follows:

Miscellaneous
Hire date
Prior to April 1,
2011
On or After
April 1, 2011
On or After
January 1, 2013
Benefit formula 2% @ 55 2% @ 60 2% @ 62
Benefit vesting schedule 5 Years 5 Years 5 Years
Benefit payments Monthly for life Monthly for life Monthly for life Retirement age 50 50 52 Monthly benefits, as of % of eligible compensation Up to 2% Up to 2% Up to 2% Required employee contribution rates 7.00% 7.00% 6.25%
Required employer contribution rates 13.578% 8.005% 6.25% Safety
Hire date
Prior to April 1,
2011
On or After
April 1, 2011
On or After
January 1, 2013
Benefit formula 2% @ 55 2% @ 55 N/A
Benefit vesting schedule 5 Years 5 Years N/A
Benefit payments Monthly for life Monthly for life N/A
Retirement age 50 50 N/A
Monthly benefits, as of % of eligible compensation Up to 2% Up to 2% N/A Required employee contribution rates 6.25%
Required employer contribution rates 6.25%
Contributions – Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contributions rates for all public employees be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for both Plans are determined annually on an actuarial basis as of June 30 by CalPERS.

The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during that year, with an additional amount to finance any unfunded accrued liability. The Local Government is required to contribute the difference between actuarially determined rate and the contribution rate of employees.

In February 2011, the City Council adopted a new tier which became effective in April 2011.

Effective January 1, 2013, the Public Employees’ Pension Reform Act (PEPRA) implemented new benefit formulas, final compensation period, and new contribution requirements for new employees hired on or after January 1, 2013, who meet the definition of new member as per PEPRA.

Participants are required to contribute 7% (9% for public-safety employees) of their annual covered salary for Tier 1 and Tier 2. The participants that qualify under Tier 3 are required to contribute

6.25% of their annual covered salary. The City makes no required contribution on behalf of the City employees. The contribution requirements of plan members and the City are established and may be amended by PERS. The City is required to contribute at an actuarially determined rate. PERS has determined that because of past funding and investment earnings, current employer contributions are

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
54 C. Employee Retirement Systems and Plans (continued) not required for the public-safety employees of the City. The current rates are 13.578% (first-tier) and 8.005% (second-tier) for non-safety employees, of annual covered payroll.

For the year ended June 30, 2018, the contribution recognized as part of pension expense for each Plan were as follows:

Miscellaneous
Contributions - employer 246,862 $
Contributions - employee (paid by employer) -
Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions
As of June 30, 2018, the Local Government reported net pension liabilities for its proportionate shares of the net pension liability of each Plan as follows:

Proportionate Share
of Net Pension Liability
Miscellaneous 5,477,093 $
Safety 856,967 Total Net Pension Liability 6,334,060 $
The Local Government’s net pension liability for each Plan is measured as the proportionate share of the net pension liability. The net pension liability of each of the Plans is measured as of June 30, 2017, and the total pension liability for each Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2016 rolled forward to June 30, 2017 using standard update procedures. The Local Government’s proportion of the net pension liability was based on a projection of the Local Government’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined.

The Local Government’s proportionate share of the net pension liability for each Plan as of June 30, 2017 and 2018 was as follows:

Miscellaneous Safety Total
Proportion - June 30, 2017 0.13533% 0.01415% 0.06280%
Proportion - June 30, 2018 0.13894% 0.01434% 0.06387%
Change - Increase/(Decrease) 0.00361% 0.00019% 0.00107%

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
55 C. Employee Retirement Systems and Plans (continued) At June 30, 2018, the Local Government reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows of Deferred Inflows of
Resources Resources
Changes in assumptions 1,089,250 $ 83,126 $
Differences between actual and expected experience 17,777 111,368 Differences between projected & actual investment earnings 245,144 0 Difference between employer's contribution and proportionate share of contributions 0 606,222 Changes in employer's proportion 225,089 56,356 Penstion contributions made subsequent to measurement date 246,862 0 Total 1,824,122 $ 857,072 $ $246,862 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2018. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Fiscal Year Ending June 30: Miscellaneous Safety Total
2019 138,213 $ (23,690) $ 114,523 $
2020 424,005 41,528 465,533 2021 261,722 23,679 285,401 2022 (126,418) (18,852) (145,270) 2023 - - - Thereafter - - - Total 697,522 $ 22,665 $ 720,187 $

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
56 C. Employee Retirement Systems and Plans (continued) Actuarial Assumptions – The total pension liabilities was determined by rolling forward the total pension liability determined in the June 30, 2016 actuarial accounting valuations to June 30, 2017.

The June 30, 2017, total pension liability was based on the following actuarial methods and assumptions:

Valuation Date
Measurement Date
Acturarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 7.15%
Inflation 2.75%
Salary Increases Varied by Entry Age and Service
Payroll Growth 3.0%
Mortality Rate Table Derived using CalPERS' membership data for all funds Post Retirement Benefit Contract COLA up to 2.75% until purchasing power Increase Protection allowance floor on power applies, 2.75% thereafter June 30, 2016
June 30, 2017
The mortality table used was developed based on CalPERS’ specific data. The table includes 20 years of mortality improvements using Society of Actuaries Scale BB. For more details on this table, please refer to the 2014 experience study report. All other actuarial assumptions used in the June 30, 2016 valuation were based on the results of an actuarial experience study for the period 1997 to 2011 including updates to salary increase, mortality and retirement rates. Further details of the Experience Study can be found on the CalPERS website.

Change in Assumption
In 2017, the accounting discount rate reduced from 7.65 percent to 7.15 percent.

Discount Rate – The discount rate used to measure the total pension liability was 7.15% for each Plan. To determine whether the municipal bond rate should be used in the calculation of a discount rate for each plan, CalPERS stress tested plans that would most likely result in a discount rate that would be different from the actuarially assumed discount rate. Based on the testing, none of the tested plans run out of assets. Therefore, the current 7.15 percent discount rate is adequate and the use of the municipal bond rate calculation is not necessary. The long term expected discount rate of

7.15 percent will be applied to all plans in the Public Employees’ Retirement Fund (PERF). The stress test results are presented in a detailed report that can be obtained from the CalPERS website.

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations as well as the expected pension fund (PERF) cash flows.

Taking into account historical returns of all the Public Employees Retirement Funds’ asset classes (which includes the agent plan and two cost-sharing plans or PERF A, B, and C funds), expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11-60 years) using a building-block approach. Using the expected nominal returns for both short-

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2018
57 C. Employee Retirement Systems and Plans (continued) term and long-term, the present value of benefits was calculated for each PERF fund. The expected rate of return was set by calculating the single equivalent expected return that arrived at the same present value of benefits of cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equivalent to the single equivalent rate calculated above and rounded down tot eh nearest one quarter of one percent.

The table below reflects the long-term expected real rate of return by asset class. The rate of return was calculated using the capital market assumptions applied to determine the discount rate and asset allocation. These rates of return are net of administrative expenses.

New Strategic Real Return Real Return
Allocation Years 1 - 10 (a) Years 11+ (b)
Global Equity 47.0% 4.90% 5.38%
Global Fixed Income 19.0% 0.80% 2.27%
Inflation Sensitive 6.0% 0.60% 1.39%
Private Equity 12.0% 6.60% 6.63%
Real Estate 11.0% 2.80% 5.21%
Infrastruture and Forestland 3.0% 3.90% 5.36%
Liquidity 2.0% -0.40% -0.90%
(a) An expected inflation of 2.5% used for this period
(b) An expected inflation of 3.0% used for this period
Asset Class
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate – The following presents the Local Government’s proportionate share of the net pension liability for each Plan, calculated using the discount rate for each Plan, as well as what the Local Government’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:

Discount
Rate -1%
Current
Discount Rate
Discount
Rate +1%

6.15% 7.15% 8.15%
Employer's Net Pension Liability/(Asset) - Misc 5,477,093 8,580,496 2,906,799 Employer's Net Pension Liability/(Asset) - Safety 856,967 1,345,123 457,925 Employer's Net Pension Liability/(Asset) - Total 6,334,060 9,925,619 3,364,724 Pension Plan Fiduciary Net Position – Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

REQUIRED SUPPLEMENTAL FINANCIAL DATA

CITY OF RIVERBANK

SCHEDULE OF THE LOCAL GOVERNMENT'S PROPORTIONATE

SHARE OF THE NET PENSION LIABILITY - MISCELLANOUS
JUNE 30, 2018
2017 2016 2015 2014
Proportion of the net pension liability 0.1409% 0.1318% 13.0600% 0.1405% Proportion share of the net pension liablity 5,477,093 $ 4,701,278 $ 3,583,450 $ 3,472,625 $ Covered - employee payroll 5,116,284 $ 4,877,064 $ 3,144,373 $ 2,982,150 $ Proportionate share of the net pension liability as 107.05% 96.40% 113.96% 116.45% percentage of covered-employee payroll
Plan's fiduciary net position 17,085,417 $ 15,339,838 $ 15,484,030 $ 15,376,404 $ Plan fiduciary net position as a percentage of the total pension liability 75.72% 76.54% 81.21% 81.58%
Notes to Schedule:

Change in assumptions. In 2015, amounts reported as changes in assumptions resulted primarily from adjustments to expected retirement ages of general employees. 58 CITY OF RIVERBANK

SCHEDULE OF THE LOCAL GOVERNMENT'S PROPORTIONATE

SHARE OF THE NET PENSION LIABILITY - SAFETY
JUNE 30, 2018
2017 2016 2015 2014
Proportion of the net pension liability 0.0165% 0.0023% 0.0125% 0.00979% Proportion share of the net pension liablity 856,967 $ 733,043 $ 515,698 $ 367,103 $ Covered - employee payroll 0 $ 0 $ 0 $ 0 $
Proportionate share of the net pension liability as 0.00% 0.00% 0.00% 0.00% percentage of covered-employee payroll
Plan's fiduciary net position 2,631,925 $ 2,566,219 $ 2,627,253 $ 2,773,359 $ Plan fiduciary net position as a percentage of the total pension liability 75.44% 77.78% 83.59% 88.31%
Notes to Schedule:

Change in assumptions. In 2015, amounts reported as changes in assumptions resulted primarily from adjustments to expected retirement ages of general employees. 59 CITY OF RIVERBANK

SCHEDULE OF CONTRIBUTIONS - MISCELLANEOUS
JUNE 30, 2018
2017 2016 2015 2014
Contractually required contribution (actuarially determined) 1,210,008 $ 1,108,137 $ 409,877 $ 340,922 $ Contributions in relation to the actuarially determined contributions (1,210,008) (1,108,137) (409,877) (340,922) Contribution deficiency (excess) 0 $ 0 $ 0 $ 0 $
Covered - employee payroll 5,116,284 $ 4,877,064 $ 3,144,373 $ 2,982,150 $ Contributions as a percentage of covered-employee payroll 23.65% 22.72% 13.04% 11.43% percentage of covered-employee payroll
Notes to Schedule:

Valuation Date: 6/30/2016 6/30/2015 6/30/2014 6/30/2013 Methods and assumptions used to determine cotnribution rates:

Actuarial Cost Method Entry age
Amortization method For details, see June 30, 2012 Funding Valuation Report Asset valuation method Actuarial Value of Assets, See June 30, 2012 Funding Valuation Report Inflation 2.75%
Salaray increases Varies by Entry Age and Service
Payroll Growth 3.00%
Investment rate of return 7.50%, net of pension plan investment and administrative expense, including inflation
Retirement age The probabilities of Retirement are based on the 2010 CalPERS Experience Study for the period from 1997 to 2007.

Mortality The probabilities of mortality are based on the 2010 CalPERS Experience Study for the period from 1997 to 2007. Pre-retirement and Post-retirement mortality rates include 5 years of projected mortality improvement using Scale AA published by the Society of Actuaries.
60 CITY OF RIVERBANK

SCHEDULE OF CONTRIBUTIONS - SAFETY
JUNE 30, 2018
2017 2016 2015 2014
Contractually required contribution (actuarially determined) 0 $ 0 $ 0 $ 241,124 $ Contributions in relation to the actuarially determined contributions 0 0 0 (241,124) Contribution deficiency (excess) 0 $ 0 $ 0 $ 0 $
Covered - employee payroll 0 $ 0 $ 0 $ 789,451 $
Contributions as a percentage of covered-employee payroll 0.00% 0.00% 0.00% 30.54% percentage of covered-employee payroll
Notes to Schedule:

Valuation Date: 6/30/2016 6/30/2015 6/30/2014 6/30/2013 Methods and assumptions used to determine cotnribution rates:

NON-MAJOR GOVERNMENTAL FUNDS

SPECIAL REVENUE FUNDS
Gas Tax Fund - To account for state gas tax revenues based on population. The revenues may be expended only for street and road repair, maintenance, design, construction and traffic signal design and installation.

Local Transportation Fund - To account for the City's allocation of local transportation revenues for streets, roads, and sidewalk improvements.

Cheese and Wine Fund - To account from the revenues and expenditures of the Cheese and Wine event.

Riverbank Donations Fund - To account for donation revenues for City’s improvements.

Asset Forfeiture Fund - To account for monies received from asset seizures in the City’s jurisdiction as well as revenues and expenditures from Office of traffic Safety grants awarded for police services
Weed And Rubbish Abatement - To account for weed and rubbish cleanup in the City.

Self-Insurance Reserve -To account for the City’s workers compensation and liability insurance.

Lighting And Landscaping Districts - To account for lighting and landscaping fees collected and the related costs to operate the city’s various districts.

Neighborhood Improvement Fund – To account for monies received from vehicle abatement fees and code enforcement officer costs.

Public Safety Augmentation Fund - To account for monies received through a special sales tax to be spent to sustain the public safety department.

Off Street Parking Fund - To account for parking in lieu Fee paid by business in lieu of providing additional onsite parking.

Riverfest Fund - To account for monies received from community for helping citizens during the flood in 2006 and for revenues and expenditures of the Beyond Earth Day event.

Park Grant Fund - To account for grant revenues received for park development. 63 COMBINING FINANCIAL STATEMENTS

NON-MAJOR GOVERNMENTAL FUNDS

CAPITAL PROJECTS FUNDS

Public Benefit Fund - To account for revenue received from Cannabis Development Agreements.

Park Fund - To account for park impact fees collected to mitigate additional city costs due to new construction.

Railroad Crossing Fund - To account for revenues to upgrade the Terminal and Townsend street railroad crossing.

CFD 2016-1 – Homeowner Assessments for Maintenance of Streets, Storm, Parks, Landscaping and lighting.

Facility Improvement Fund - To account for fees collected from facility rentals for future improvements.

Crossroads Development Fund – To account for the fees collected from developers for the Crossroads Specific Plan.

Measure L Fund – To account for revenues from the Stanislaus County Measure L transportation Tax initiative.

Special Building Projects Fund – To account for the building permit revenues designated by Council for future building inspections.

Storm Drain Fund - To account for storm drain revenues.

CITY OF RIVERBANK

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2018
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
Local Asset Weed And
Trans- Cheese Riverbank Forfeit- Rubbish
Gas Tax portation And Wine Donations ture Abatement
Fund Fund Fund Fund Fund Fund
Assets
Cash And Investments 107,348 189,334 37,317 3,691 37,372 46,863 Accounts Receivable 2,952 1,503 0 0 0 223
Loans Receivable 0 0 0 0 0 0
Prepaid Expense 0 0 0 0 0 0
Due From Other Funds 0 0 0 0 0 0
Total Assets 190,837 110,300 37,317 3,691 37,372 47,086 Liabilities And Fund Balances
Liabilities
Accounts Payable 26,415 0 443 90 0 0
Compensated Absences 14,593 0 0 0 0 0
Other Liabilities 6,761 0 0 0 0 0
Due To Other Funds 0 0 0 0 0 0
Total Liabilities 0 47,769 443 90 0 0
Fund Balances
Nonspendable 0 0 0 0 0 0
Restricted 0 190,837 0 0 0 0
Committed 0 0 0 0 0 0
Assigned 62,531 0 0 3,601 47,086 37,372
Unassigned 0 0 36,874 0 0 0
Total Fund Balances 190,837 62,531 36,874 3,601 37,372 47,086 Total Liabilities
And Fund Balances 190,837 110,300 37,317 3,691 37,372 47,086 Special Revenue
64 Self- Lighting Neighbor- Public Non-Major
Insurance And Land- Hood Safety Aug- Off-Street Special Reserve scaping Improvement mentation Parking Riverfest Revenue Fund Fund Fund Fund Fund Fund Total
( 312,807 69,309) 9,913) ( 8,122 52,818 3,703 720,153
1,937 530 0 8,356 208 0 15,709
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
( 314,744 68,779) 9,913) ( 16,478 53,026 3,703 735,862
24,087 15,000 769 0 0 0 66,804
0 0 359 0 0 0 14,952
0 0 1,365 0 0 0 8,126
0 0 0 0 0 0 0
24,087 15,000 2,493 0 0 0 89,882
0 0 0 0 0 0 0
0 0 0 0 0 0 190,837
0 0 0 0 0 0 0
290,657 0 0 16,478 53,026 3,703 514,454
( 0 83,779) 12,406) ( 0 0 0 59,311) (
( 290,657 83,779) 12,406) ( 16,478 53,026 3,703 645,980 ( 314,744 68,779) 9,913) ( 16,478 53,026 3,703 735,862
Special Revenue
65 CITY OF RIVERBANK

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2018
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
Special Revenue
Crossroads
Public Facility Railroad DevelBenefit Improvement Park Crossing opment Fund Fund Fund Fund Fund
Assets
Cash And Investments 77,294 22,230 108,470 399 1,001,736 Accounts Receivable 0 0 0 0 602
Loans Receivable 0 0 0 0 0
Prepaid Expense 0 0 0 0 0
Due From Other Funds 0 0 0 0 0
Total Assets 22,230 77,294 108,470 399 1,002,338
Liabilities And Fund Balances
Liabilities
Accounts Payable 0 0 0 0 12,335
Compensated Absences 0 0 0 0 0
Other Liabilities 0 0 0 0 0
Due To Other Funds 0 0 0 0 0
Total Liabilities 0 0 0 0 12,335
Fund Balances
Nonspendable 0 0 0 0 0
Restricted 0 0 0 0 0
Committed 0 0 0 0 0
Assigned 77,294 22,230 108,470 399 990,003
Unassigned 0 0 0 0 0
Total Fund Balances 22,230 77,294 108,470 399 990,003
Total Liabilities
And Fund Balances 22,230 77,294 108,470 399 1,002,338
Capital Projects
66 Non-Major
Measure CFD Special Storm Capital
L 2016-1 Projects Drain Projects
Fund Fund Fund Fund Total 2018 2017
45,278 620,913 25,269) ( 200,868 2,051,919 2,772,072 2,963,745 0 167,700 99 870 169,271 184,980 3,550
0 0 0 0 0 0 0
0 0 87,773 0 87,773 27,486 87,773
0 0 0 0 0 0 0
45,278 788,613 62,603 201,738 2,308,963 3,044,825 2,994,781 0 7,526 2,175 777 89,617 22,813 230,199
0 0 0 0 14,952 0 15,241
0 0 0 0 8,126 0 24,671
0 0 0 0 0 0 0
0 7,526 2,175 777 22,813 112,695 270,111
0 0 - 0 0 0 0
0 0 0 0 190,837 0 286,264
0 0 0 0 0 0 0
45,278 781,087 60,428 200,961 2,286,150 2,800,604 2,442,418 0 0 0 0 0 ( 4,012) 59,311) (
45,278 781,087 60,428 200,961 2,286,150 2,932,130 2,724,670 45,278 788,613 62,603 201,738 2,308,963 3,044,825 2,994,781 Totals
Capital Projects
67 CITY OF RIVERBANK

COMBINING STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCE

NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2018
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
Local Asset
Trans- Cheese Riverbank ForfeitGas Tax portation And Wine Donations ture Fund Fund Fund Fund Fund
Revenues
Investment Earnings 2,610 4,481 0 0 0
Intergovernmental 584,888 0 0 0 7,500
Other Taxes 0 0 0 0 0
Impact Fees 0 0 0 0 0
Licenses And Permits 0 0 0 0 0
Service Charges And Miscellaneous 0 36,025 106,762 2,467 0 Total Revenues 4,481 623,523 106,762 2,467 7,500
Expenditures
General Government 0 0 0 0 0
Public Safety 0 0 0 0 31,300
Public Works 749,778 0 0 0 0
Community Development 0 0 0 1,080 0
Culture And Leisure 0 0 86,117 0 0
Capital Outlay 13,836 26,570 0 0 0
Total Expenditures 13,836 776,348 86,117 1,080 31,300
Excess(Deficiency) Of Revenues
Over Expenditures ( 9,355) 152,825) ( 20,645 1,387 23,800) ( Other Financing Sources (Uses)
Operating Transfers In 184,590 0 0 0 0
Operating Transfers Out ( 86,072) 17,416) ( 0 0 0
Total Other Financing Sources (Uses) 86,072) 167,174 ( 0 0 0 Net Change In Fund Balances 14,349 95,427) ( 20,645 1,387 23,800) ( Fund Balance - Beginning 286,264 48,182 16,229 2,214 61,172 Fund Balance - Ending 190,837 62,531 36,874 3,601 37,372 Special Revenue
68 Weed And Self- Lighting Neighbor- Public Non-Major
Rubbish Insurance And Land- Hood Safety Aug- Off-Street Special Abatement Reserve scaping Improvement mentation Parking Riverfest Revenue Fund Fund Fund Fund Fund Fund Fund Total
1,582 666 4,715 0 0 619 0 14,673
0 0 0 14,074 117,550 3,885 0 727,897
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 263,888 357,472 1,751 0 0 0 768,365
265,470 666 362,187 15,825 117,550 4,504 0 1,510,935
481,104 0 0 0 0 0 0 481,104
0 0 0 94,523 0 0 0 125,823
0 3,599 0 0 0 0 0 753,377
0 0 296,728 0 0 0 0 297,808
0 0 0 0 0 0 0 86,117
0 0 0 0 0 0 0 40,406
481,104 3,599 296,728 94,523 0 0 0 1,784,635
( 2,933) 215,634) ( 65,459 78,698) ( 117,550 4,504 0 273,700) ( 0 0 0 70,304 0 0 0 254,894
0 0 64,538) ( 0 101,072) ( 0 0 269,098) (
0 0 64,538) ( 70,304 101,072) ( 0 0 14,204) (
( 215,634) 2,933) ( 921 8,394) ( 16,478 4,504 0 287,904) ( 131,855 50,019 289,736 4,012) ( 0 48,522 3,703 933,884
83,779) 47,086 ( 290,657 12,406) ( 16,478 53,026 3,703 645,980 Special Revenue
69 CITY OF RIVERBANK

COMBINING STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCE

NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2018
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2017
Public Facility Railroad CFD
Benefit Improvement Park Crossing 2016-1
Fund Fund Fund Fund Fund
Revenues
Investment Earnings 0 0 11 0 0
Intergovernmental 0 0 0 0 0
Other Taxes 0 0 0 0 0
Impact Fees 0 0 0 0 0
Licenses And Permits 0 0 0 0 0
Service Charges And Miscellaneous 9,750 77,294 0 0 30,252 Total Revenues 9,750 77,294 11 0 30,252
Expenditures
General Government 0 0 0 0 0
Public Safety 0 0 0 0 5,046
Public Works 0 0 0 0 0
Community Development 0 0 0 0 0
Culture And Leisure 0 0 0 0 0
Capital Outlay 0 0 0 0 0
Total Expenditures 0 0 0 0 5,046
Excess(Deficiency) Of Revenues
Over Expenditures 9,750 77,294 11 0 25,206
Other Financing Sources (Uses)
Operating Transfers In 0 0 0 0 0
Operating Transfers Out 0 0 0 0 0
Total Other Financing Sources (Uses) 0 0 0 0 0
Net Change In Fund Balances 77,294 9,750 11 0 25,206
Fund Balance - Beginning 12,480 0 108,459 399 20,072
Fund Balance - Ending 22,230 77,294 108,470 399 45,278
Capital Projects
70 Crossroads Non-Major
Measure Devel- Special Storm Capital
L opment Projects Drain Projects
Fund Fund Fund Fund Total 2018 2017
1,801 0 296 5 16,786 2,113 10,761
0 983,126 0 0 1,711,023 983,126 668,305
0 0 0 0 0 0 0
0 0 47,241 44,035 91,276 91,276 54,781
0 0 0 0 0 0 0
0 0 0 0 885,661 117,296 921,474
1,801 983,126 47,537 44,040 1,193,811 2,704,746 1,655,321 0 0 0 0 481,104 0 619,188
0 0 0 0 130,869 5,046 104,831
0 4,493 0 13,740 771,610 18,233 774,939
0 0 0 0 297,808 0 427,517
0 0 0 0 86,117 0 108,229
447,400 197,546 0 0 685,352 644,946 543,944
447,400 202,039 0 13,740 668,225 2,452,860 2,578,648
445,599) 781,087 ( 47,537 30,300 525,586 251,886 923,327) ( 0 0 0 0 254,894 0 257,593
0 0 0 30,222) ( ( 299,320) 30,222) ( 418,998) (
0 0 0 30,222) ( 30,222) ( 44,426) ( 161,405) (
445,599) 781,087 ( 47,537 78 495,364 207,460 1,084,732) ( 1,435,602 0 12,891 200,883 1,790,786 2,724,670 3,809,402 990,003 781,087 60,428 200,961 2,286,150 2,932,130 2,724,670 Totals
Capital Projects
71 FEDERAL GRANTOR/PASS- Federal Pass-Through
THROUGH GRANTOR/ CFDA Grantor's Federal
PROGRAM TITLE Number Number Expenditures
U.S. Department of Transportation
Passed Through State of California:

CML-5255(037) 20.507 CML-5255 60,490
STPL-5255(050) 20.507 STPL-5255 0
Total U.S. Department of Transportation 60,490
U.S. Department of Justice
Local Law Enforcement Block Grant 16.710 N/A 109,688
Total U.S. Department of Justice 109,688
U.S. Department of Defense
Passed Through Office of Economic Adjustment
OEA 12.607 CL0610-11-03 281,949
Total U.S. Department of Defense 281,949
U.S. Department of Army
U.S. Army Engineering And Support Center
N/A 12.599 15,880,583
U.S. Department of Housing And Urban Development
Passed Through State of California: 14.228 13-CDBG-8959 33,010 Total Expenditures of Federal Awards 16,365,720

CITY OF RIVERBANK

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
JUNE 30, 2018
72 73

CITY OF RIVERBANK

SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FOR THE YEAR ENDED JUNE 30, 2018
SUMMARY OF AUDITOR’S RESULTS

1. Type of report issued on the financial statements – Unmodified

2. Significant deficiencies in internal control disclosed by the audit of the financial statements and any such conditions that are material weaknesses– None

3. Disclosure of any noncompliance which are material to the financial statements - None

4. Disclosure of any significant deficiencies in internal control over major programs and any such conditions that are material weaknesses – None

5. Type of report issued on compliance for major programs – Unmodified

6. Audit findings relative to the major federal programs – None

7. Major programs are as follows: U.S. Department of Defense CFDA number 12.607.

8. Expenses in excess of $750,000 was used as the threshold to distinguish between Type A and Type B programs

9. The City of Riverbank was determined to be a low-risk auditee.

FINDINGS - FINANCIAL STATEMENT AUDIT
Findings relating to financial statements which are required to be reported – None

FINDINGS AND QUESTIONED COSTS - MAJOR FEDERAL AWARDS
Findings relating to major federal award programs which are required to be reported – None PRIOR YEAR’S FINDINGS - None
74 REPORT ON INTERNAL CONTROL OVER FINANCIAL

REPORTING AND ON COMPLIANCE AND OTHER MATTERS

BASED ON AN AUDIT OF FINANCIAL STATEMENTS

PERFORMED IN ACCORDANCE WITH

GOVERNMENT AUDITING STANDARDS
To The City Council
City of Riverbank
State of California
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information of City of Riverbank, State of California, as of and for the year ended June 30, 2018, and the related notes to the financial statements, which collectively comprise the City of Riverbank, State of California’s basic financial statements and have issued our report thereon dated March 10, 2021.

Internal Control Over Financial Reporting
In planning and performing our audit, we considered the City of Riverbank, State of California’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of City of Riverbank, State of California’s internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the City of Riverbank, State of California’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. 75 Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses.

However, material weaknesses may exist that have not been identified.

Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City of Riverbank, State of California’s financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion.

The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Clendenin Bird & Company, PC

CLENDENIN BIRD & COMPANY, PC
Modesto, California
March 10, 2021
76 INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE

WITH REQUIREMENTS THAT COULD HAVE A DIRECT AND

MATERIAL EFFECT ON EACH MAJOR PROGRAM AND

ON INTERNAL CONTROL OVER COMPLIANCE IN ACCORDANCE

WITH UNIFORM GUIDANCE
To The City Council
City of Riverbank
State of California
Report on Compliance for Each Major Federal Program
We have audited City of Riverbank, State of California’s compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on each of City of Riverbank, State of California’s major federal programs for the year ended June 30, 2018. City of Riverbank, State of California’s major federal programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs.

Management’s Responsibility
Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants applicable to its federal programs.

Auditor’s Responsibility
Our responsibility is to express an opinion on each of City of Riverbank, State of California’s major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about City of Riverbank, State of California’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances.

We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of City of Riverbank, State of California’s compliance.
77 Opinion on Each Major Federal Program
In our opinion, City of Riverbank, State of California, complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2018.

Report on Internal Control over Compliance
Management of City of Riverbank, State of California, is responsible for establishing and maintaining effective internal control over compliance with the types of compliance referred to above. In planning and performing our audit, we considered City of Riverbank, State of California’s internal control over compliance with the types of requirements that could have a direct and material effect on a major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing our opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of City of Riverbank, State of California’s internal control over compliance.

A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.

Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.

Gallagher Gatewood

GALLAGHER GATEWOOD, A PROFESSIONAL ACCOUNTANCY CORPORATION Modesto, California
March 10, 2021
78 REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS

BASED ON AN EXAMINATION OF GENERAL-PURPOSE

FINANCIAL STATEMENT PERFORMED IN ACCORDANCE

WITH THE CALIFORNIA TRANSPORTATION

DEVELOPMENT ACT
To The City Council
City of Riverbank
State of California
We have audited the general-purpose financial statements of the City of Riverbank, State of California for the year ended June 30, 2018, and have issued our report thereon dated March 10, 2021. Our audit was made in accordance with generally accepted auditing standards and the standards for financial and compliance audits contained in the California Administrative Code Section 6664 of the Transportation Development Act and the allocation instructions of the Stanislaus Area Association of Governments, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.

The management of the City of Riverbank is responsible for the City’s compliance with laws and regulations. In connection with our audit referred to above, we selected and tested transactions and records to determine the City’s compliance with laws and regulations, noncompliance with which could have a material effect on the general-purpose financial statements of the City.

In our opinion the City of Riverbank Transportation Development Act funds were accounted for in conformance with the applicable laws, rules and regulations of the Transportation Development Act and the allocation instructions of the Stanislaus Council of Governments.

Gallagher Gatewood

GALLAGHER GATEWOOD, A PROFESSIONAL ACCOUNTANCY CORPORATION Modesto, California
March 10, 2021

CITY OF RIVERBANK

ANNUAL FINANCIAL REPORT
YEAR ENDED JUNE 30, 2019
ATTACHMENT 3

CITY OF RIVERBANK, CALIFORNIA
Table of Contents
Page

FINANCIAL SECTION
Independent Auditor’s Report 1-2
Management’s Discussion And Analysis (unaudited) 3-12
Basic Financial Statements:

Government-wide Financial Statements:

Statement Of Net Position 13
Statement Of Activities 14-15
Fund Financial Statements:

CITY OF RIVERBANK, CALIFORNIA
Table of Contents
Page

COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES:

Definitions 62-63
Combining Balance Sheet – Nonmajor Governmental Funds 64-67 Combining Statement Of Revenues, Expenditures And Changes In Fund Balances – Nonmajor Governmental Funds 68-71

Report On Compliance With Laws And Regulations Based On An Examination Of General-Purpose Financial Statements
Performed In Accordance With The California
Transportation Development Act 78
1 INDEPENDENT AUDITOR’S REPORT
To The City Council
City Of Riverbank
State of California
We have audited the accompanying financial statements of the governmental activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information of the City of Riverbank, State of California, as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
2 Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the aggregate discretely presented component unit, each major fund, and the aggregate remaining fund information of the City of Riverbank, State of California as of June 30, 2019, and the respective changes in financial position thereof for the year then ended, in accordance with accounting principles generally accepted in the United States of America.

Gallagher Gatewood

GALLAGHER GATEWOOD, A PROFESSIONAL ACCOUNTANCY CORPORATION Modesto, California
November 29, 2021

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2019
(UNAUDITED)
3 This discussion and analysis of the City of Riverbank’s financial performance provides an overview of the City’s financial activities for the fiscal year ended June 30, 2019. The City’s financial statements for the fiscal year ended June 30, 2019 are presented in accordance with GASB 34. Please read Management’s Discussion and Analysis in conjunction with the City’s financial statements, notes, and supplementary schedules.

FINANCIAL HIGHLIGHTS
 The City’s governmental activities total assets exceeded liabilities (net position) at the close of the fiscal year by $82,427,906. Of this amount, $3,461,398 is in unrestricted net position, which is available to meet the City’s ongoing financial obligations. The total assets of the businesstype activities exceeded its liabilities (net position) by $27,927,023. Of this amount, $7,559,217 was unrestricted.
 General and program revenues for Governmental Activities exceeded expenses by $1,818,507 City program expenses totaled $14,064,524 for fiscal year 2018-2019, an increase of 3% over the 2017-18 Fiscal Year. Public Works costs comprised $5,400,841 or 38% of the total expenses, whereas Public Safety comprised 30% of expenditures.
 In the City’s business-type activities (which include the Water, Sewer and Community Center and Local Redevelopment Funds), expenses exceeded revenues by $264,456.  The City’s General Fund ended the year with a fund balance of $7,825,397. This is an increase of 14% from the year ending June 30, 2018.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2019
(UNAUDITED)
4 The statement of net position presents information on all the City’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator as to whether the City’s financial position is improving or deteriorating.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2019
(UNAUDITED)
5 Because the focus of the governmental funds is narrower than that of the governmental-wide financial statements, it is useful to compare the information presented for the governmental funds with similar information presented for governmental activities in the government-wide financial statements. The differences of results in the governmental funds financial statements to those in the government-wide financial statement are shown in reconciliations following the governmental funds financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
Net position. As noted earlier, net position may serve over time as a useful indicator of the City’s financial position. Below is a table showing the City’s net position as of June 30, 2019 compared to the City’s net position as of June 30, 2018.

City of Riverbank
Net Position
For Year Ended June 30, 2019
2019 2018 2019 2018 2019 2018
Assets
Cash and Investments $19,742,361 $16,564,600 $9,672,779 $7,527,405 $29,415,140 $24,092,005 Other Assets 15,959,270 15,798,048 1,538,436 6,433,613 $17,497,706 22,231,661 Capital Assets 53,237,867 54,398,205 26,976,136 26,682,043 $80,214,003 81,080,248 Total Assets 88,939,498 86,760,853 38,187,351 40,643,061 127,126,849 127,403,914 Current Pension Plan Cont. 1,048,543 1,420,962 320,197 403,159 1,368,740 1,824,121 Liabilities
Current Liabilities 1,950,804 1,963,354 2,244,816 3,634,573 4,195,620 5,597,927 Compensated Absences 196,789 195,163 70,397 66,424 267,186 261,587 Net Pension Liability 4,693,227 4,779,519 1,534,950 1,554,240 6,228,177 6,333,759 Long-Term Liabilities 0 0 6,488,830 7,376,876 6,488,830 7,376,876 Total Liabilities 6,840,820 6,938,036 10,338,993 12,632,113 17,179,813 19,570,149 Deferral of Pension Expense 719,315 634,445 241,532 222,627 960,847 857,072 Net Assets
Invested in Capital Assets,
Net of Related Debt 53,237,867 54,398,206 20,367,806 19,173,716 73,605,673 73,571,922 Restricted 25,728,641 22,623,896 0 0 25,728,641 22,623,896 Unrestricted 3,461,398 3,587,297 7,559,217 9,017,763 11,020,615 12,605,060 Total Net Assets $82,427,906 $80,609,399 $27,927,023 $28,191,479 $110,354,929 $108,800,878 Governmental Activities Proprietary Activities Total

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2019
(UNAUDITED)
6 Of the total net position for both the Governmental and Business-type activities, $73,605,673 or 67% reflects the City’s investment in capital assets (e.g. land, buildings and improvements, vehicles and equipment, infrastructure) less any related debt used to acquire those assets that is still outstanding. The City uses these capital assets to provide services to its citizens; and consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

Restricted net position amounts to $25,728,641 or 23% of the total. Restricted net position are those resources that are subject to external restrictions on how they may be used. These restrictions are established by bond covenants or restrictions on the use of funds established by state or federal regulations.

Changes in Net Position. Total revenues for the year exceeded expenditures by $1,554,051. Below is a table showing the Governmental and Proprietary Activities of the City for the year ended June 30, 2019 as compared to the year ending June 30, 2018.

City of Riverbank
Changes in Net Position
For Year Ended June 30, 2019
2019 2018 2019 2018 2019 2018
Revenues
Program Revenues:

Charges for Services 5,349,577 3,244,524 10,499,675 22,062,945 15,849,252 25,307,469 Operating Grants and Contributions 148,747 168,940 0 0 148,747 168,940 Capital Grants and Contributions 370,726 379,015 0 0 370,726 379,015 General Revenues:

Property Tax 3,341,598 3,152,413 0 0 3,341,598 3,152,413 Sales Tax 3,618,081 3,307,696 0 0 3,618,081 3,307,696
Motor Vehicle Tax 12,117 12,954 0 0 12,117 12,954
Franchise Tax 633,661 598,278 0 0 633,661 598,278
Other Taxes 1,057,088 706,387 0 0 1,057,088 706,387
Investment Earnings 392,738 151,883 115,308 28,901 508,046 180,784 Gain on Disposal of Assets 0 0 0 58,242 0 58,242
Transfers 958,698 1,092,183 (958,698) (1,092,183) 0 0
Total Revenues 15,883,031 12,814,273 9,656,285 21,057,905 25,539,316 33,872,178 Expenses
General Government 2,600,751 2,670,260 0 2,600,751 2,670,260 Public Safety 4,357,597 4,023,831 0 4,357,597 4,023,831 Public Works 5,400,841 5,226,110 4,309,134 3,458,868 9,709,975 8,684,978 Community Development 1,058,667 1,139,816 5,458,079 17,772,823 6,516,746 18,912,639 Culture and Leisure 646,668 602,127 153,528 169,917 800,196 772,044 Total Expenses 14,064,524 13,662,144 9,920,741 21,401,608 23,985,265 35,063,752 Increase (Decrease) in Net Assets 1,818,507 (847,871) (264,456) (343,703) 1,554,051 (1,191,574) Net Assets - Beginning 80,609,399 81,457,270 28,191,479 28,535,182 108,800,878 109,992,452 Prior Period Adjustment 0 0 0 0 0 0
Net Assets - Ending $82,427,906 $80,609,399 $27,927,023 $28,191,479 $110,354,929 $108,800,878 Governmental Activities Proprietary Activities Total

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2019
(UNAUDITED)
7 Governmental Activities. Total governmental revenues for the year were $15,883,031. Sales and property tax revenue, which comprise 44% of the total, experienced an increase of 8% from the 2017- 18 Fiscal Year. Revenues by source for governmental activities are shown in the graph below.

Total governmental expenses for the year were $14,064,524. Public Works accounted for 38% of the total governmental activities expenses. Expenses by function or program for governmental activities are shown in the graph below.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2019
(UNAUDITED)
8 Business-type Activities
 Revenues of the City’s business-type activities were $9,656,285 a 54% decrease from fiscal year 2017-18 as a result of a decrease in revenues received for the Environmental Remediation at the Local Redevelopment Authority. Expenditures for the year were $9,920,741. Expenditures for the business-type activities decreased by 54% from the prior fiscal year.

FINANCIAL ANALYSIS OF THE CITY’S FUNDS
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements.

The City’s governmental funds ended the year with a combined fund balance of $33,554,038. Of the total combined fund balance, 1% is classified as Nonspendable, 61% is classified as Restricted, 14% is classified as Assigned, and 23% is Unassigned. Major fund changes from June 30, 2018 to June 30, 2019 are noted below and are also noted on the Statement of Revenues, Expenditures, and Changes in Fund Balances on page 19 of this report:

General Fund
 The City experienced an overall increase of 9% in its General Fund revenues during the 2018-19 fiscal year. Some of the major factors contributing to this increase are noted below.  A 6% increase in Property Tax was experienced due to new housing construction which added properties to the tax rolls as well as a continued increase in home sale prices.

 Sales tax for the City experienced an increase of 9%. This was primarily due to the expansion of the Crossroads Shopping Center which has continued to add commercial space and the addition of a cannabis dispensary whose gross sales are taxable.  Revenues from Licenses and Permits decreased by 7%. New housing developments on the east side of Riverbank have generated additional building permit revenue but has decreased in comparison to the prior fiscal year.
 New investment opportunities have allowed the City to experience an increase of almost 600% in Interest Earnings.
 General Fund expenditures increased by 6% during the 2018-19 Fiscal Year. Major factors contributing to this increase in General Fund expenditures include:
 Public Safety Expenditures increased by 8.9% due to vacant Deputy Sheriff positions being filled as well as negotiated cost of living & equity adjustments to deputy salaries.  Capital outlay for the General Fund increased by 81% as emergency maintenance work was required for aging infrastructure and equipment.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2019
(UNAUDITED)
9 CDBG Fund
The CDBG Fund experienced an increase in revenues not as a result of new funding but due to the reversal of loans receivable that were flagged as bad debt due to potential foreclosure. The homeowners were able to bring their accounts up to date and they were removed from the foreclosure proceedings.

However, the City did elect to serve as the Housing Successor Agency of the former RDA. As successor agency, the City now holds a loan receivable for a $3.2 million loan provided to Pacific West Associates for the construction of a 65-unit apartment complex completed in 2009. In addition, the City is now entitled to receive annual interest payments and a Payment in Lieu of Taxes from this project.

GASB Statement No. 68
The City of Riverbank has implemented GASB Statement No. 68 as required. With the new reporting change, the City is allocated its proportionate share of the California Public Employees’ Retirement System’s net pension assets, deferred outflows of resources, deferred inflows of resources, and pension expense. Decisions regarding the allocations are made by the administration of the pension plan, not by the City of Riverbank’s management.

General Fund Budgetary Highlights
For the City’s General Fund, actual ending revenues of $9,042,741 were mainly comprised of Sales Tax, Property Taxes, Other Taxes & Franchise Fees and Service Charges. Net Revenues received were $440,041 over budget. This was due to a variety of reasons, including the following:
 Sales Tax was over budget by $418,081 as the economy continued to improve and the expansion of the Crossroads Shopping Center. In addition, the City approved the opening of a cannabis dispensary whose sales are taxable.

The General Fund’s actual ending expenditures of $9,358,900 were $506,000 under the final budget of $9,864,900.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2019
(UNAUDITED)
10 CAPITAL ASSETS AND DEBT ADMINISTRATION

CAPITAL ASSETS
As of June 30, 2019, the City’s Governmental Funds had $53,237,867 invested in capital assets and the Business-type activities had $26,856,635, net of accumulated depreciation. This total of $80,094,502 is invested in a broad range of capital assets including land, construction in progress, building, equipment and infrastructure (i.e. streets, sidewalks, storm drain, etc.).

City of Riverbank
Capital Assets, Net of Accumulated Depreciation
June 30, 2019
Governmental
Activities
Business-Type
Activities Total
Land $3,957,541 $2,373,284 $6,330,825
Construction in Progress 1,534,496 8,149,101 9,683,597
Infrastructure 31,751,380 0 31,751,380
Land Improvements 11,061,737 0 11,061,737
Equipment and Vehicles 1,350,573 4,125,413 5,475,986
Building and Improvements 3,582,140 12,208,837 15,790,977 Total $53,237,867 $26,856,635 $80,094,502
Major capital asset additions during Fiscal Year 2018-2019 include:

LRA Roof & Siding Project $1,649,229
WWTP Pond #9 Upgrade 436,496
2018 Street Improvements 381,565
Community Center Remodel 363,688
LRA High Voltage Electrical Upgrade 200,870

LONG TERM DEBT
At year-end, the City’s governmental activities had $196,789 in compensated absences. Compensated absences consist of vacation time and compensatory time off that has been earned by employees but has not yet been taken. Compensated absences are due and payable to an employee upon separation if any balance exists.

Business-type activities, at year-end, had $6,559,226 in outstanding long-term debt. This long-term debt is comprised of Compensated Absences, Sewer Revenue Bonds, the State Revolving Fund Loan from the State of California for improvements to the Waste Water Treatment Plant, and the Master Lease Agreement with Wells Fargo to fund a city-wide water meter upgrade project. Total debt was reduced during the year by the amount of the current debt principal payments.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2019
(UNAUDITED)
11 City of Riverbank
Long-Term Debt
June 30, 2019
Governmental
Activities
Business-Type
Activities Total
Loans Payable-Refinance $0 $303,950 $303,950
Loans Payable – WWTP $0 $3,017,077 $3,017,077
SRF Loan – Sewer $0 $186,802 $186,802
Water – Lease Purchase $0 $2,981,000 $2,981,000
Compensated Absences $196,789 $70,397 $267,186
Total $196,789 $6,559,226 $6,756,015
The City’s long-term liabilities, except for compensated absences, relate to the acquisition and construction/remodel of capital assets. These capital assets are utilized to provide services to citizens and are not available for future spending. The repayment of the debt on these assets must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

In preparing the budget for the 2019-2020 fiscal year, City Management looked at the following factors:

 An increase of 6.3% is expected in Sales Tax Revenues as the economy continues to recover and consumer confidence has begun to increase.
 Overall, General Fund revenues are anticipated to increase by 2.34% during the 2019-20 fiscal year in comparison to the prior fiscal year budget due to increases in revenue sources such as COPS/SLESF State Allocation, Public Works Fees, and Vehicle Code Fines.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2019
(UNAUDITED)
12 EXPENDITURES
 The City has added additional staff in the Planning Division and part-time staff in the Building Division in order to assist with the significant increase in new housing development.  The City Council allocated approximately $160,000 towards the remodeling of the kitchen at the Community Center. This kitchen is used by multiple organizations and required an update due to health & safety codes.
 Increases in the Law Enforcement Contract with the Stanislaus County Sheriff’s Department are anticipated as additional positions are approved by Council.  The City has a negotiated a new contract with the City of Oakdale for Animal Control Services. Cost increases and the replacement of aging vehicles and equipment have caused an increase in the contract price.

Total operational and capital budgeted revenues and expenses for all funds for the 2019-2020 Fiscal Year are $18,560,500 and $18,305,599 respectively, excluding Inter-fund Transfers In and Out.

Structural deficits (where expenditures exceed revenues) were anticipated in the following funds:

General Fund, Local Transportation Fund, Community Center Fund, Special Projects Fund, General Liability Fund, Teen Center Fund, System Development Fees Bridges/Roads, System Development Streets/PW Fund, HCD CDBG Fund, HCD HOME Fund, LMI Housing Asset Fund, Sewer Debt Service Fund, Water Fund, and Water Capital Improvement Fund. The City Council has authorized for the deficits to be paid via ending reserve balances from the 2018-19 fiscal year. Several of these allocations from reserve funds are due to the fact that funds must be spent during a certain time frame.

Governmental Proprietary
Activities Activities 2019 2018
ASSETS
Cash And Investments 19,742,361 9,672,779 29,415,140 24,092,069 Cash With Fiscal Agent 0 0 0 0
Accounts Receivable 1,306,455 1,987,790 3,294,245 8,098,322 Note Receivable 0 11,870 11,870 18,086
Prepaid Expenses 247,282 6,096 253,378 275,553
Internal Balances 467,320 ( 467,320) 0 0
Loans Receivable 13,938,213 13,938,213 0 13,839,700
Capital Assets (Net Of Accumulated
Depreciation):

Land 3,957,541 2,373,284 6,330,825 6,330,824
Land Improvements 11,061,737 11,061,737 0 11,510,653
Construction In Progress 1,534,496 8,149,102 9,683,598 10,966,437 Buildings And Improvements 3,582,141 12,217,195 15,799,336 13,306,445 Equipment And Vehicles 1,350,574 4,117,055 5,467,629 5,842,640 Infrastructure 31,751,378 31,751,378 0 32,991,798
Unamortized Bond Issue Costs 0 119,500 119,500 131,450
Total Assets 88,939,498 38,187,351 127,126,849 127,403,977

DEFERRED OUTFLOWS OF RESOURCES
Current Pension Plan Contribution 1,048,543 320,197 1,368,740 1,824,121

LIABILITIES
Accounts Payable And Other
Current Liabilities 1,950,804 2,244,816 4,195,620 5,597,927 Compensated Absences 196,789 70,397 267,186 261,587
Net Pension Liability 4,693,227 1,534,950 6,228,177 6,333,759 Long-Term Liabilities:

Due Within One Year 0 913,682 913,682 864,893
Due In More Than One Year 5,575,148 0 5,575,148 6,511,983 Total Liabilities 6,840,820 10,338,993 17,179,813 19,570,149

DEFERRED INFLOWS OF RESOURCES
Deferral Of Pension Expense 719,315 241,532 960,847 857,072

NET POSITION
Invested In Capital Assets
Net Of Related Debt 53,237,867 20,367,806 73,605,673 73,571,922 Restricted For
Capital Projects 9,033,313 0 9,033,313 8,171,673
Community Development Projects 14,671,244 14,671,244 0 13,806,243 Other Purposes 2,024,084 0 2,024,084 646,044
Unrestricted 3,461,398 7,559,217 11,020,615 12,604,996
Total Net Postion 82,427,906 27,927,023 110,354,929 108,800,878 Totals

CITY OF RIVERBANK

STATEMENTS OF NET POSITION
JUNE 30, 2019
Primary Government
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
13 CITY OF RIVERBANK

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2019
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
Functions/Programs Expenses
Primary Government:

Governmental Activities:

General Government 2,600,751
Public Safety 4,357,597
Public Works 5,400,841
Community Development 1,058,667
Culture And Leisure 646,668
Total Governmental Activities 14,064,524
Business-Type Activities
Water Services 1,699,620
Sewer Services 2,609,514
Community Center 153,528
Local Redevelopment Authority 5,458,079
Total Business-Type Activities 9,920,741
Total Primary Government 23,985,265

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
14 Changes In Net Assets
Fines, Fees And Operating Capital Primary Government
Charges Grants And Grants And Governmental Proprietary
For Services Contributions Contributions Activities Activities 2019 2018 1,861,860 0 0 ( 738,891) 738,891) 0 ( ( 2,160,049)
306,560 148,747 0 ( 3,902,290) 3,902,290) 0 ( ( 3,400,614) 1,972,153 370,726 0 ( 3,057,962) 3,057,962) 0 ( ( 3,191,788) 909,841 0 0 ( 148,826) 148,826) 0 ( ( 700,594)
299,163 0 0 ( 347,505) 0 347,505) ( ( 416,556)
5,349,577 148,747 370,726 ( 8,195,474) 0 8,195,474) ( ( 9,869,601) 2,331,567 0 0 631,947 0 631,947 623,373
4,512,595 0 0 1,903,081 0 1,903,081 2,434,956
114,462 0 0 39,066) 0 ( ( 39,066) ( 28,605)
3,541,051 0 0 1,917,028) 0 ( ( 1,917,028) ( 2,368,387)
10,499,675 0 0 578,934 0 578,934 661,337
15,849,252 148,747 370,726 ( 8,195,474) 578,934 ( 7,616,540) ( 9,208,264) General Revenues:

Taxes:

Property Tax 3,341,598 3,341,598 0 3,152,413
Sales Tax 3,618,081 3,618,081 0 3,307,696
Motor Vehicle Tax 12,117 12,117 0 12,954
Franchise Tax 633,661 633,661 0 598,278
Other Taxes 1,057,088 1,057,088 0 706,387
Investment Earnings 392,738 115,308 508,046 180,784
Gain On Disposal of Assets 0 0 58,242 0
Transfers 958,698 ( 958,698) 0 0
Total General Revenues And Transfers 10,013,981 ( 843,390) 9,170,591 8,016,754 Change In Net Position 1,818,507 ( 264,456) 1,554,051 ( 1,191,510) Net Position - Beginning 80,609,399 28,191,479 108,800,878 109,992,388 Net Position - Ending 82,427,906 27,927,023 110,354,929 108,800,878 Program Revenues
Net (Expense) Revenue And
Totals

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
15 WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
System
General CDBG Development
Assets
Cash And Investments 8,457,064 634,532 5,803,931
Accounts Receivable 1,196,584 1,270 7,876
Loans Receivable 10,738,213 0 0
Prepaid Expenses 143,125 0 0
Unamortized Bond Issue Costs 0 0 0
Due From Other Funds 0 0 467,320
Total Assets 9,796,773 11,374,015 6,279,127
Liabilities
Accounts Payable 864,908 521 24,894
Compensated Absences 186,369 0 0
Bonds Payable 0 0 0
Loan Payable 0 0 0
Other Liabilities 920,099 0 0
Due To Other Funds 0 0 0
Total Liabilities 1,971,376 521 24,894
Fund Balances
Nonspendable 0 0 467,320
Restricted 11,373,494 0 5,786,913
Committed 0 0 0
Assigned 0 0 0
Unassigned 7,825,397 0 0
Total Fund Balances 7,825,397 11,373,494 6,254,233
Total Liabilities And Fund Balances 9,796,773 11,374,015 6,279,127

CITY OF RIVERBANK

BALANCE SHEET

GOVERNMENTAL FUNDS
JUNE 30, 2019

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
16 Successor RDA Other
LMI Housing Funds 2019 2018
97,428 4,749,406 19,742,361 16,564,600
322 100,403 1,306,455 1,150,607
3,200,000 0 13,938,213 13,839,700
0 104,157 247,282 269,457
0 0 0 0
0 0 467,320 538,284
3,297,750 4,953,966 35,701,631 32,362,648
0 116,828 1,007,151 621,381
0 10,420 196,789 195,163
0 0 0 0
0 0 0 0
0 23,554 943,653 1,341,973
0 0 0 0
0 150,802 2,147,593 2,158,517
0 0 467,320 538,284
3,297,750 184,500 20,642,657 20,061,468
0 0 0 0
0 4,615,816 4,615,816 2,800,604
0 2,848 7,828,245 6,803,775
3,297,750 4,803,164 33,554,038 30,204,131
3,297,750 4,953,966 35,701,631 32,362,648
Total Governmental Funds

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
17 CITY OF RIVERBANK

RECONCILIATION OF THE GOVERNMENTAL FUNDS BALANCE SHEET

TO THE STATEMENT OF NET POSITION
JUNE 30, 2019
Total fund balances - governmental funds 33,554,038
Total net position reported for governmental activities in the statement of net position is different because:

Capital assets used in governmental activities are not financial resources and therefore are not reported in the funds. Those assets consist of:

Land 3,957,541
Land Improvements net of $4,653,983 accumulated depreciation 11,061,737 Construction in progress 1,534,496
Buildings and Improvements, net of $2,303,822 accumulated depreciation 3,582,141 Equipment and Vehicles, net of $4,669,139 accumulated depreciation 1,350,574 Infrastructure net of $45,368,325 acummulated depreciation 31,751,378 Total capital assets 53,237,867
Deferred Outflow of Resources 1,048,543
Long-term liabilities applicable to the City's governmental activities are due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities, both current and long-term, are reported in the statement of net position.

Net Pension Liability ( 4,693,227)
Deferred Inflows of Resources ( 719,315)
Total long-term liabilities ( 5,412,542)
Total net position - governmental activities 82,427,906

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
18 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
System
General CDBG Development
Revenues
Property Tax 3,341,598 0 0
Sales Tax 3,618,081 0 0
Other Tax And Franchises 780,653 0 0
Licenses And Permits 240,383 0 0
Fines And Forfeitures 113,624 0 0
Investment Earnings 170,336 42,858 110,094
Intergovernmental 203,601 0 17,885
Impact Fees 0 0 526,995
Service Charges And Miscellaneous 574,465 419,597 49,299 Total Revenues 9,042,741 462,455 704,273
Expenditures
General Government 2,043,630 0 0
Public Safety 4,192,910 0 0
Public Works 1,866,299 0 43,725
Community Development 658,990 8,100 0
Culture And Leisure 510,711 0 0
Capital Outlay 86,360 0 265,420
Total Expenditures 9,358,900 8,100 309,145
Excess (Deficiency) Of Revenues
Over Expenditures ( 316,159) 454,355 395,128
Other Financing Sources (Uses)
Operating Transfers In 1,857,541 0 0
Operating Transfers Out ( 579,071) ( 307,710) ( 26,418) Total Other Financing Sources (Uses) 1,278,470 ( 307,710) ( 26,418) Net Change In Fund Balances 962,311 146,645 368,710
Fund Balance - Beginning 6,863,086 11,226,849 5,885,523 Fund Balance- Ending 7,825,397 11,373,494 6,254,233

CITY OF RIVERBANK
FOR THE YEAR ENDED JUNE 30, 2019

GOVERNMENTAL FUNDS

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
19 Successor RDA Other
LMI Housing Fund Funds 2019 2018
0 0 3,341,598 3,152,413
0 0 3,618,081 3,307,696
0 0 780,653 732,731
0 0 240,383 257,638
0 0 113,624 174,595
1,207 68,243 392,738 151,883
0 2,410,114 2,631,600 2,304,001
0 50,460 577,455 273,546
0 2,184,840 3,228,201 1,367,587
1,207 4,713,657 14,924,333 11,722,090
0 473,099 2,516,729 2,521,069
0 120,200 4,313,110 3,980,459
0 780,744 2,690,768 2,507,074
0 343,347 1,010,437 1,084,595
0 104,550 615,261 558,755
0 1,035,039 1,386,819 1,018,911
0 2,856,979 12,533,124 11,670,863
1,207 1,856,678 2,391,209 51,227
0 377,781 2,235,322 2,155,829
0 ( 363,425) ( 1,276,624) ( 1,063,646)
0 14,356 958,698 1,092,183
1,207 1,871,034 3,349,907 1,143,410
3,296,543 2,932,130 30,204,131 29,060,721
3,297,750 4,803,164 33,554,038 30,204,131
Total Governmental Funds

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
20 CITY OF RIVERBANK

RECONCILIATION OF THE STATEMENT OF REVENUES,

EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL

FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2019
Net change in fund balances - total governmental funds 3,349,907 The changes in net position reported for governmental activities in the statement of activities is different because:

Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which depreciation ($2,576,533) exceeded capital outlays ( 1,189,714) ($1,386,819) in the current period.

The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins and contributions) is to increase net assets. 29,010 The net change in pension expense either contributed to pension plan in current fiscal year not included on statement of activities; or expenses reported in statement of activities that do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. ( 370,696) Changes in net position of governmental activities 1,818,507

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
21 STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2019
Variance
With Final
Budget
Over 2018
Original Final Actual (Under) Actual

REVENUES
Property Tax 3,176,000 3,301,300 3,341,598 40,298 3,150,672 Sales Tax 3,100,000 3,200,000 3,618,081 418,081 3,307,696 Other Tax And Franchise Fees 715,800 715,800 780,653 64,853 732,731 Licenses And Permits 220,600 220,600 240,383 19,783 257,638 Intergovernmental 148,400 161,700 203,601 41,901 184,440 Fines And Forfeitures 133,700 140,700 113,624 27,076)( 174,595 Investment Earnings 52,500 77,500 170,336 92,836 22,913 Service Charges And Miscellaneous 702,400 785,100 574,465 210,635)( 477,248 Total Revenues 8,249,400 8,602,700 9,042,741 440,041 8,307,933

EXPENDITURES
General Government 2,382,700 2,328,700 2,043,630 285,070)( 2,039,965 Public Safety 4,196,000 4,251,800 4,192,910 58,890)( 3,849,590 Public Works 1,980,700 1,969,300 1,866,299 103,001)( 1,759,204 Community Development 724,300 732,500 658,990 73,510)( 682,696 Recreation And Leisure 502,800 512,000 510,711 1,289)( 448,529 Capital Outlay 54,000 70,600 86,360 15,760 47,493
Total Expenditures 9,840,500 9,864,900 9,358,900 506,000)( 8,827,477 Excess (Deficiency) Of Revenues
Over Expenditures ( 1,591,100) ( 1,262,200) ( 316,159) 946,041 ( 519,544)

OTHER FINANCING SOURCES (USES)
Transfers In 2,026,800 2,026,800 1,857,541 169,259)( 1,900,935 Transfers Out ( 595,500) ( 590,400) ( 579,071) 11,329 ( 744,053) Total Other Financing Sources And (Uses) 1,431,300 1,436,400 1,278,470 157,930)( 1,156,882 Net Change In Fund Balance ( 159,800) 174,200 962,311 788,111 637,338 Fund Balance - Beginning 6,863,086 6,863,086 6,863,086 6,225,748 0 Fund Balance - Ending 6,703,286 7,037,286 7,825,397 788,111 6,863,086 Budgeted Amounts

CITY OF RIVERBANK

GENERAL FUND
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
22 STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2019
Variance
With Final
Budget
Over 2018
Original Final Actual (Under) Actual
General Government
City Council 102,500 109,000 110,409 1,409 101,682
City Manager 241,300 253,000 222,113 ( 30,887) 212,559
Admin Services 736,100 710,000 598,055 ( 111,945) 623,810 Finance And Treasurer 867,500 871,400 835,534 ( 35,866) 724,298 City Attorney 441,300 391,300 282,502 ( 108,798) 390,139 Total General Government 2,388,700 2,334,700 2,048,613 ( 286,087) 2,052,488 Public Safety
Police 3,999,500 4,055,300 3,994,347 ( 60,953) 3,688,052 Animal Control 196,500 196,500 198,563 2,063 161,538
Total Public Safety 4,196,000 4,251,800 4,192,910 ( 58,890) 3,849,590 Public Works
Building Maintenance 190,100 212,400 212,595 195 180,852 Development Services 1,091,900 1,064,300 985,700 ( 78,600) 886,855 Street Maintenance 80,500 80,500 77,979 ( 2,521) 52,855 Parks Maintenance 666,200 676,700 669,254 ( 7,446) 649,503 Total Public Works 2,028,700 2,033,900 1,945,528 ( 88,372) 1,770,065 Community Development
Planning 397,800 422,800 351,460 ( 71,340) 362,969
Building Department 316,500 299,700 297,530 ( 2,170) 309,727 Economic Development 10,000 10,000 10,000 0 10,000
Engineering 0 0 0 0 0
Total Community Development 724,300 732,500 658,990 ( 73,510) 682,696 Recreation And Leisure
Recreation 502,800 512,000 512,859 859 472,638
Total Culture And Leisure 502,800 512,000 512,859 859 472,638 Total General Fund 9,840,500 9,864,900 9,358,900 ( 506,000) 8,827,477 Budgeted Amounts

CITY OF RIVERBANK

GENERAL FUND
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
23 CDBG SPECIAL REVENUE FUND

STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2019
Variance
With Final
Budget
Over 2018
Original Final Actual (Under) Actual

REVENUES
Interest Income 0 3,400 42,858 39,458 94,586
Intergovernmental 0 0 0 0 29,523
Miscellaneous 33,000 0 419,597 386,597 0
Total Revenues 36,400 0 462,455 426,055 124,109

EXPENDITURES
Salaries And Benefits 0 148,900 0 148,900) ( 95,771
Supplies And Services 0 655,900 8,100 647,800) ( 8,320
Bad Debt 0 0 0 0 0
Capital Outlays 0 0 0 0 0
Total Expenditures 804,800 0 796,700) 8,100 ( 104,091
Excess (Deficiency) Of Revenues
Over Expenditures 768,400) 0 ( 1,222,755 454,355 20,018

OTHER FINANCING SOURCES (USES)
Transfers In 0 0 0 0 0
Transfers Out 0 307,710) 0 ( ( 307,710) 0
Total Other Financing Sources And (Uses) 0 307,710) 0 ( ( 307,710) 0 Net Change In Fund Balance 0 768,400) ( 146,645 915,045 20,018 Fund Balance - Beginning 11,226,849 11,226,849 11,226,849 11,206,831 0 Fund Balance - Ending 11,226,849 10,458,449 11,373,494 11,226,849 915,045

CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
Budgeted Amounts

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
24 SYSTEM DEVELOPMENT CAPITAL PROJECTS FUND

STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2019
Variance
With Final
Budget
Over 2018
Original Final Actual (Under) Actual

REVENUES
Investment Earnings 45,450 45,450 110,094 64,644 16,862 Intergovernmental 0 0 17,885 17,885 379,015
Impact Fees 135,000 135,000 526,995 391,995 182,270
Service Charges And Miscellaneous 38,600 38,600 49,299 10,699 4,678 Total Revenues 219,050 219,050 704,273 485,223 582,825

EXPENDITURES
Salaries And Benefits 0 0 0 0 0
Supplies And Services 13,000 213,225 43,725 169,500)( 369 Capital Outlays 1,047,128 928,900 265,420 781,708)( 286,066 Total Expenditures 1,260,353 941,900 309,145 951,208)( 286,435 Excess (Deficiency) Of Revenues
Over Expenditures 1,041,303)( 722,850)( 1,436,431 395,128 296,390

OTHER FINANCING SOURCES (USES)
Transfers In 75,000 75,000 0 75,000)( 0
Transfers Out 59,000)( 59,000)( ( 26,418) 32,582 ( 20,273) Total Other Financing Sources And (Uses) 16,000 16,000 ( 26,418) 42,418)( ( 20,273) Net Change In Fund Balance 706,850)( 1,025,303)( 368,710 1,394,013 276,117 Fund Balance - Beginning 5,885,523 5,885,523 5,885,523 5,609,406 0 Fund Balance - Ending 5,178,673 4,860,220 6,254,233 1,394,013 5,885,523

CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
Budgeted Amounts

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
25 SUCCESSOR REDEVELOPMENT AGENCY LMI HOUSING

STATEMENT OF REVENUES, EXPENDITURES AND

CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
JUNE 30, 2019
Variance
With Final
Budget
Budgeted Amounts Over 2018
Original Final Actual (Under) Actual

REVENUES
Property Tax 0 0 0 0 1,741
Investment Earnings 400 400 1,207 807 736
Intergovernmental 0 0 0 0 0
Service Charges And Miscellaneous 0 0 0 0 0
Total Revenues 400 1,207 400 2,477 807

EXPENDITURES
Salaries And Benefits 0 0 0 0 0
Supplies And Services 94,700 94,700 0 94,700)( 0
Interest 0 0 0 0 0
Capital Outlay 0 0 0 0 0
Total Expenditures 94,700 94,700 94,700)( 0 0
Excess (Deficiency) Of Revenues
Over Expenditures 94,300)( 94,300)( 95,507 1,207 2,477

OTHER FINANCING SOURCES (USES)
Transfers In 0 0 0 0 0
Transfers Out 0 0 0 0 0
Total Other Financing Sources And (Uses) 0 0 0 0 0
Net Change In Fund Balance 94,300)( 94,300)( 1,207 95,507 2,477 Fund Balance - Beginning 3,296,543 3,296,543 3,296,543 3,294,066 0 Fund Balance - Ending 3,202,243 3,202,243 3,297,750 3,296,543 95,507

CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
26 STATEMENT OF NET POSITION
Community Local
Sewer Water Center Redevelop.

Fund Fund Fund Authority 2019 2018
Assets
Cash And Investments 5,721,724 2,816,791 12,080 1,122,184 9,672,779 7,527,405 Cash With Fiscal Agent 0 0 0 0 0 0
Accounts Receivable 1,240,498 417,486 0 329,806 1,987,790 6,947,715 Notes Receivable 0 0 0 11,870 11,870 18,086
Prepaids 3,048 3,048 0 0 6,096 6,096
Fixed Assets 16,427,833 12,449,410 756,315 2,996,995 32,630,553 29,909,772 Accumulated Depreciation ( 6,793,662) ( 6,345,576) 475,426)( 308,355)( 13,923,019) ( ( 13,111,574) Construction In Progress 3,944,850 4,142,543 0 61,709 8,149,102 9,752,394 Unamortized Bond Issue Costs 119,500 0 0 119,500 0 131,450 Total Assets 20,663,791 13,483,702 4,214,209 292,969 38,654,671 41,181,344

DEFERRED OUTFLOWS OF RESOURCES
Current Pension Plan Contribution 99,142 142,272 73,970 4,813 320,197 403,159 Liabilities
Accounts Payable 910,626 14,562 14,493 1,090,861 2,030,542 3,406,114 Customer Deposits 0 111,235 6,370 96,669 214,274 228,459 Compensated Absences 26,043 40,313 0 4,041 70,397 66,424 Due to Other Funds 467,320 0 0 0 467,320 538,284
Net Pension Liability 505,391 596,198 5,818 427,543 1,534,950 1,554,240 Loan Payable 3,203,879 2,981,000 0 0 6,184,879 3,542,094 Bond Payable 303,951 0 0 303,951 0 3,834,782
Total Liabilities 5,417,210 3,743,308 1,619,114 26,681 10,806,313 13,170,397

DEFERRED INFLOWS OF RESOURCES
Deferral Of Pension Expense 85,474 82,369 76,610 2,921)( 241,532 222,627 Net Position
Invested In Capital Assets,
Net Of Related Debt 10,071,191 7,265,377 280,889 2,750,349 20,367,806 19,173,716 Restricted For Debt Service 0 0 0 0 0 0
Unrestricted 5,189,058 2,534,920 ( 6,867) 157,894)( 7,559,217 9,017,763 Total Net Position 15,260,249 9,800,297 2,592,455 274,022 27,927,023 28,191,479

CITY OF RIVERBANK

PROPRIETARY FUNDS
JUNE 30, 2019
Totals
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
Business-Type Activities-Enterprise Funds

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
27 CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
Community Local
Sewer Water Center Redevelop.

Fund Fund Fund Authority 2019 2018
Operating Revenues
Intergovernmental 0 0 0 2,077,415 2,077,415 13,762,883
Service Charges 4,455,025 2,259,188 109,213 1,463,636 8,287,062 8,006,246 Miscellaneous Revenues 17,476 409 5,249 0 23,134 223,485 Total Operating Revenues 4,455,434 2,276,664 3,541,051 114,462 10,387,611 21,992,614 Operating Expenses
Employee Services 528,777 611,932 26,317 180,646 1,347,672 1,489,339 Supplies And Services 1,520,092 684,625 125,860 5,210,174 7,540,751 18,865,404 Depreciation 411,528 331,306 1,351 67,259 811,444 804,970 Total Operating Expenses 2,460,397 1,627,863 153,528 5,458,079 9,699,867 21,159,713 Operating Income (Loss) 1,995,037 648,801 1,917,028) 39,066)( ( 687,744 832,901 Nonoperating Revenues (Expenses)
Investment Earnings 49,036 66,272 0 0 115,308 28,901
Connection Fees 19,150 17,575 0 0 36,725 42,240
Development Fees 38,011 37,328 0 0 75,339 28,091
Gain (Loss) on Fixed Assets 0 0 0 0 0 58,242
Interest Expense ( 137,167) 71,757)( 0 0 ( 208,924) ( 22,945) Amortization Of Bond Issue Costs ( 11,950) 0 0 0 ( 11,950) ( 11,950) Total Nonoperating Revenues (Expenses) ( 42,920) 49,418 0 0 122,579 6,498 Income Before Transfers
And Contributed Capital 1,952,117 698,219 1,917,028) 39,066)( ( 694,242 748,480 Contributed Capital 0 0 0 0 0 0
Operating Transfer In 692,536 532,021 23,000 307,710 1,555,267 2,291,370 Operating Transfer Out ( 1,323,178) 1,190,787)( 0 0 ( 2,513,965) ( 3,383,553) Total Other Financing Sources (Uses) ( 630,642) 658,766)( 23,000 307,710 ( 958,698) ( 1,092,183) Change In Net Position 1,321,475 39,453 16,066)( 1,609,318) ( ( 264,456) ( 343,703) Total Net Position - Beginning 13,938,774 9,760,844 290,088 4,201,773 28,191,479 28,535,182 Prior Period Adjustment - GASB 68 0 0 0 0 0 0
Adjusted Net Position - Beginning 13,938,774 9,760,844 4,201,773 290,088 28,191,479 28,535,182 Total Net Position - Ending 15,260,249 9,800,297 2,592,455 274,022 27,927,023 28,191,479

PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2019
Totals
Business-Type Activities-Enterprise Funds

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN NET POSITION

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
28 STATEMENT OF CASH FLOWS
Community Local
Sewer Water Center Redevelop.

Fund Fund Fund Authority 2019 2018

CASH FLOWS FROM OPERATING

ACTIVITIES
Receipts From Customers And Users 4,308,826 2,437,092 111,563 8,207,300 15,064,781 23,702,351 Receipts From Interfund Services Provided 0 0 0 0 0 0
Payments To Suppliers ( 659,229) 962,745)( 128,228)( 7,212,929) ( ( 8,963,131) ( 17,763,585) Payments To Employees ( 489,762) 566,936)( 26,317)( ( 1,261,124) 178,109) ( ( 1,421,990) Payments For Interfund Services Used ( 70,964) 0 0 0 ( 70,964) ( 70,259) Net Cash Provided By Operating Activities 3,088,871 907,411 ( 42,982) 816,262 4,769,562 4,446,517

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfer In 692,536 532,021 23,000 307,710 1,555,267 2,291,370 Transfer Out ( 1,323,178) 1,190,787)( 0 2,513,965) 0 ( ( 3,383,553) Net Cash Provided (Used) By Capital
And Related Financing Activities ( 630,642) ( 658,766) 23,000 307,710 ( 958,698) ( 1,092,183)

CASH FLOWS FROM CAPITAL AND

RELATED FINANCING ACTIVITIES
Connection Fees 19,150 17,575 0 0 36,725 42,240
Development Fees 38,011 37,328 0 0 75,339 28,091
Purchase Of Capital Assets ( 602,016) 224,543)( 1,673)( 242,446) ( 1,070,678) ( ( 2,618,098) Funds Provides On New Lease 0 274,787 0 0 274,787 507,813 Funding Costs On New Loan 0 0 0 0 0 0
Gain/(Loss) on Disposal Of Capital Assets 0 0 0 0 58,242 0 Principal Paid On Capital Debt ( 572,865) 315,182)( 0 0 888,047) ( ( 864,892) Interest Paid On Capital Debt ( 137,167) 71,757)( 0 208,924) 0 ( ( 229,945) Net Cash Provided (Used) By Capital
And Related Financing Activities ( 1,254,887) ( 281,792) ( 1,673) ( 242,446) ( 1,780,798) ( 3,076,549)

CASH FLOWS FROM INVESTING

ACTIVITIES
Interest Received 49,036 66,272 0 115,308 0 28,901
Net Cash Provided By Investing Activities 49,036 66,272 0 115,308 0 28,901 Net Increase In Cash And Cash Equivalents 1,252,378 33,125 21,655)( 881,526 2,145,374 306,686 Cash And Equivalents, July 1 4,469,346 2,783,666 33,735 240,658 7,527,405 7,220,719 Cash And Equivalents, June 30 5,721,724 2,816,791 1,122,184 12,080 9,672,779 7,527,405

CITY OF RIVERBANK

PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2019
Totals
Business-Type Activities-Enterprise Funds
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
29 Reconciliation Of Operating Income To Community Local Net Cash Provided (Used) By Operating Sewer Water Center Redevelop.

Activities Fund Fund Fund Authority 2019 2018
Operating Income 1,995,037 374,014 39,066)( 1,917,028) ( 412,957 832,901 Adjustments To Reconcile Operating Income
To Net Cash Provided (Used) By Operating
Activities
Depreciation Expense 411,528 331,306 1,351 67,259 811,444 804,970 (Increase) Decrease In
Deferred Outflows of Resources 36,707 43,296 0 2,958 82,961 ( 120,594) Accounts Receivable ( 146,608) 445,724 0 4,660,809 4,959,925 1,728,838 Prepaids 0 0 0 6,216 6,216 6,216
Due From Other Funds 0 0 0 0 0 0
Increase (Decrease) In
Accounts Payable 860,863 278,120)( 2,367)( 2,002,755) ( ( 1,422,379) 1,089,905 Compensated Absences 2,480 1,900 0 407) ( 3,973 ( 24,260) Deferred Inflows of Resources 8,363 9,867 0 674 18,904 52,152 Net Pension Liability ( 10,067)( 8,535) 0 688) ( 19,290) ( 165,749 Customer Deposits 0 10,509)( 2,900)( ( 14,185) 776) ( ( 19,101) Due To Other Funds ( 70,964) 0 0 0 ( 70,964) ( 70,259)
Net Cash Provided (Used) By Operating Activities 3,088,871 907,411 42,982)( 4,769,562 816,262 4,446,517 Totals

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
30 CITY OF RIVERBANK

STATEMENT OF FIDUCIARY NET POSITION

AGENCY FUNDS
JUNE 30, 2019
WITH COMPARATIVE ACTUAL AMOUNTS FOR YEAR ENDED JUNE 30, 2018 County Assessment Assessment
Impact District District
Fee 1991 - 1 1991 - 3
Fund Fund Fund RDA 2019 2018
Assets
Cash And Investments 53,673 272,329 996,836 0 1,322,838 1,109,043 Accounts Receivable 41 90 0 0 131 96
Fixed Assets 0 0 0 0 0
Accumulated Depreciation 0 0 0 0 0 0
Unamortized Bond Issue Costs 0 0 103,127 0 103,127 103,127 Due From Other Funds 0 0 0 0 0 0
Total Assets 53,714 272,419 0 1,099,963 1,426,096 1,212,266 Liabilities And Fund Balances
Liabilities
Due to Bond Paying Agent 0 0 0 0 0 0
Due To Other Government 53,673 272,419 0 1,099,963 1,426,055 0 Total Liabilities 53,673 272,419 0 1,099,963 1,426,055 0 Totals
(Memorandum Only)

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
31 CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
32 I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Riverbank, California (City) have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP).

These and other changes are reflected in the accompanying financial statements (including notes to financial statements). The more significant of the City’s accounting policies are described below:

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
33 City of Riverbank – continued
In addition to sitting as the governing board of the City, the City Council also acts as the Board of Directors of one blended component unit: the Redevelopment Agency of the City of Riverbank through January 31, 2012. On February 1, 2012 all Redevelopment Agencies (RDA) statewide were dissolved. The City elected to be the Successor Agency for the Low/Moderate Income Housing Fund. The general RDA Fund was transferred to the Riverbank Local Designated Authority, a separate entity created by the State when the City did not elect to be the Successor Agency for that fund. The Successor Agency Fund is now reported as a special revenue on the City’s financial statements.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
34 C. Measurement Focus, Basis of Accounting and Basis of Presentation – continued Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period.

The General Fund is the City’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

Systems Development Fund - To account for development impact fees collected. These fees are used for infrastructure and capital expenditure resulting from new developments.

The city reports the following major proprietary funds.

The Water Fund accounts for the activities of the City’s water service.

The Sewer Fund accounts for the activities of the City’s sewer service.

The Community Center Fund accounts for the activities of the City’s Community Center service.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
35 C. Measurement Focus, Basis of Accounting and Basis of Presentation – continued The Local Redevelopment Authority Fund accounts for the activities of the City’s Ammunition Factory services.

Additionally, the City reports the following fund types:

The County Impact Fee Agency Fund, accounts for impact fees which are collected on behalf of Stanislaus County.

The Assessment District 1991-1 Agency Fund, accounts for the collection of assessments and payment of debt service on behalf of the District.

The Redevelopment Agency Fund, accounts for the collection of property tax revenues used for the administration of the agency and development projects within the designated redevelopment area.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources first, then unrestricted resources, as they are needed.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
36 D. Assets, Liabilities and Equity

Interest income earned on pooled cash and investments is allocated quarterly. Interest income on restricted cash and investments with fiscal agents is credited directly to the related fund.

All other outstanding balances between funds are reported as “due to/from other funds”.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
37 2. Receivables and Payables (continued)
Advances between funds, as reported in the fund financial statements, are offset by a fund balance reserve account in applicable governmental funds to indicate that they are not available for appropriation and are not expendable available financial resources.

All trade and tax receivables are shown net of an allowance for uncollectible accounts and estimated refunds due.

December 55%
April 40%
June 5%
100%

4. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
38 6. Capital Assets
Capital assets, which include property, plant, equipment and infrastructure assets (e.g. roads, bridges, sidewalks, traffic lights and signals, street lights and similar items), are reported in the applicable governmental columns in the government-wide financial statements. Capital assets are defined by the City as assets with an initial, individual cost of $1,000 for property, plant and equipment and $25,000 for infrastructure. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at their estimated fair value at the date of donation. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized.

Major outlay for capital assets and improvements are capitalized as projects are constructed.

Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are reported as deferred charges and amortized over the term of the related debt.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
39 9. Long-Term Obligations (continued)
whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
40 10. Net Position and Fund Equity - continued
As of June 30, 2019, the fund balance details by classification are listed below:

Total
Successor System Other Governmental
General CDBG RDA Development Funds Funds
Fund Balances:

Nonspendable: 467,320 0 467,320
Restricted:

Housing 11,373,494 3,297,750 14,671,244
System Development 5,786,913 5,786,913
Transportation 106,675 106,675
Public Safety 77,825 77,825
Committed To:

Assigned To:

Community Development 1,379,512 1,379,512
Riverbank Donations 3,796 3,796
Landscaping 311,902 311,902
Public Works 898,661 898,661
Self Insurance 517,739 517,739
Other Purposes 1,504,206 1,504,206
Unassigned: 7,825,397 2,848 7,828,245
Total Fund Balances 7,825,397 11,373,494 3,297,750 6,254,233 4,803,164 33,554,038

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
41 B. Excess of Expenditures over Appropriations
For the year ended June 30, 2019, expenditures exceeded appropriations in several department as follows:

General Fund:

Capital Outlay 15,760

The General funds over-expenditures were funded through the reserves of the General Fund. The CDBG, System Development fund over-expenditures was funded by available fund balance.

III. DETAILED NOTES ON ALL FUNDS
A. Cash And Investments
Cash and investments as of June 30, 2019 are classified in the accompanying financial statements as follows:

Cash and investments 29,415,140
Cash and investments held by bond trustee 0
Total cash and investments 29,415,140
Cash and investments as of June 30, 2019 consist of the following:

Cash on hand 460
Deposits with financial institutions 23,762,695
Investments in LAIF 5,651,985
Total cash and investments 29,415,140

The City’s investment policy does not contain any specific provisions intended to limit the City’s exposure to interest rate risk, credit risk, and concentration of credit risk.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
42 A. Cash And Investments (continued)
Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. As of year-end, the weighted average maturity of the investments contained in the LAIF investment pool is approximately 5.68 months.

Maturity Date
State investment pool 5,651,985 5.68 months average maturity Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. LAIF does not have a rating provided by a nationally recognized statistical rating organization.

Concentration of Credit Risk
The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
43 Custodial Credit Risk (continued)
With respect to investments, custodial credit risk generally applies only to direct investments in marketable securities. Custodial credit risk does not apply to a local government’s indirect investment in securities through the use of mutual funds or government investment pools (such as LAIF).

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
44 B. Accounts Receivable
Receivables at June 30, 2019 for the City’s individual major funds and non-major funds in the aggregate, including applicable allowances for uncollectible accounts, are as follows.

All receivables are expected to be collected within one year.

System
General CDBG Development
Governmental Activities:

Interest 6,136 1,270 7,876
Utility Billing 393,142 0 0
Other 797,306 0 0
Total 1,196,584 1,270 7,876
Successor RDA Nonmajor
LMI Housing Governmental Total
Governmental Activities:

Interest 322 8,062 23,666
Utility Billing 0 0 393,142
Other 0 92,341 889,647
Total 322 100,403 1,306,455
Local
Community Redevelop.

Water Sewer Center Authority Total
Business-Type Activities:

Utility Billings 364,133 719,911 0 1,084,044 0
Interest 8,727 4,046 0 12,773 0
Other 44,626 516,541 0 329,806 890,973
Total 417,486 1,240,498 0 329,806 1,987,790
C. Notes Receivable
The City is the recipient of Community Development Block Grant and Home Program Funds. The Funds are provided to use for housing and business loans to qualified recipients at various below market interest rates ranging from 0 to 4%. The terms of the loans range between fifteen and thirty years. All loans are secured by deeds of trust. The amount outstanding as of June 30, 2019 is $10,738,213.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
45 D. Interfund Receivables and Payables
Interfund receivable/payable balances at June 30, 2019 consist of the following:
 The Sewer Fund borrowed $467,320 from the Streets/PW System Development Fee Fund in accordance with Resolution 2011-021. The Sewer Fund will reimburse funds from future sewer fees collected.

E. Capital Assets
Capital asset activity for the year ended June 30, 2019 was as follows:

Beginning Balance Increases Decreases Ending Balance
Governmental Activities
Capital assets not being depreciated:

Land 3,957,541 0 0 3,957,541 Construction in progress 1,243,417 374,157 ( 83,078) 1,534,496 Total capital assets being depreciated 5,200,958 374,157 ( 83,078) 5,492,037 Capital assets being depreciated:

Infrastructure 76,546,198 573,507 0 77,119,705
Land Improvements 15,710,759 4,961 0 15,715,720 Equipment And Vehicles 5,899,290 120,422 0 6,019,712 Building And Improvements 5,489,111 396,851 0 5,885,962 Total capital assets being depreciated 103,645,358 1,095,741 104,741,099 0 Less accumulated depreciation for:

Infrastructure ( 43,554,399) ( 1,813,926) 0 45,368,325) ( Land Improvements ( 4,200,107) ( 453,876) 0 4,653,983) ( Equipment And Vehicles ( 4,524,506) ( 144,633) 0 4,669,139) ( Building And Improvements ( 2,139,724) ( 164,098) 2,303,822) 0 ( Total accumulated depreciation ( 54,418,736) ( 2,576,533) 56,995,269) 0 ( Net capital assets being depreciated 49,226,622 ( 1,480,792) 47,745,830 0 Total net capital assets - Governmental Activities 54,427,580 ( 1,106,635) ( 83,078) 53,237,867 Depreciation was charged to functions/programs of the primary government as follows:

Government Activities:

Public Works 2,576,533
Total Depreciation expense – Government activities 2,576,533

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
46 E. Capital Assets (continued)
Beginning
Balance Increases Decreases
Ending
Balance
Business-type Activities
Capital assets not being depreciated:

Land 2,373,284 0 0 2,373,284 Construction in progress 9,752,393 1,677,151) 73,859 ( 8,149,101 Total capital assets not
being depreciated 12,125,677 1,677,151) 73,859 ( 10,522,385 Capital assets being depreciated:

Equipment And Vehicles 13,283,213 109,068 0 13,392,281 Building And Improvements 14,253,276 2,611,713 0 16,864,989 Total capital assets being
depreciated 27,536,489 2,720,781 30,257,270 0 Less accumulated depreciation for:

Equipment And Vehicles ( 8,826,008) 440,860)( 0 9,266,868) ( Building And Improvements ( 4,285,566) 370,585)( 4,656,151) 0 ( Total accumulated depreciation 13,111,574) ( 811,445)( 13,923,019) 0 ( Net capital assets being depreciated 14,424,915 1,909,336 16,334,251 0 Total net capital assets - business-type activities 26,550,592 1,983,195 ( 1,677,151) 26,856,636 Business- Type Activities:

Water 331,306
Sewer 411,529
Ammo Plant 67,259
Community Center 1,351
Total Depreciation expense – Business-Type Activities 811,445 F. Transfers
Interfund transfers for the year ended June 30, 2019 consisted of the following amounts:

Transfers Transfers
Fund In Out
General Fund 1,857,541 579,071
CDBG 0 307,710
System Development 0 26,418
Nonmajor Governmental 377,781 363,425
Proprietary 1,555,267 2,513,965
Total 3,790,589 3,790,589

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
47 G. Payables And Other Liabilities
Payables at June 30, 2019 for the City’s individual major funds and non-major funds in the aggregate are as follows:

System
General CDBG Development
Governmental Activities
Vendors 1,729,167 521 24,894
Salaries and Benefits 55,840 0 0
Total 1,785,007 521 24,894
Successor RDA Nonmajor
LMI Housing Governmental Total
Governmental Activities
Vendors 0 132,796 1,887,378
Salaries and Benefits 0 7,586 63,426
Total 0 140,382 1,950,804
Local
Community Redevelop.

Water Sewer Center Authority Total
Business-Type Activities
Vendors 13,055 903,139 13,040 1,089,054 2,018,288
Customer Deposits 111,235 0 6,370 96,669 214,274
Salaries and Benefits 1,507 7,487 1,453 1,807 12,254
Total 125,797 910,626 20,863 1,187,530 2,244,816
H. Long-Term Debt
Business-Type Activities:

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
48 H. Long-Term Debt (continued)
Project) issued on February 3, 2005 in the original principal amount of $4,475,000 and which had currently outstanding principal in the amount of $2,075,000. The amount was paid off in September 10, 2014.

Refinancing of Sewer Bond is due in bi-annual installments of $153,784, interest not more than

2.38% per annum payable on February 1 and August 1 through 2019. Loan proceeds were used to finance the Waste Treatment Construction Project. Loan payable outstanding at June 30, 2019 is $303,950.

The annual debt service requirements to maturity are as follows:

Year Ending
June 30
Principal Interest
2020 303,950 3,617
Total 303,950 3,617
Loans Payable
2013 Sewer Loan is due in bi-annual installments of $167,890, interest not more than 2.38% per annum payable on February 1 and August 1 through 2029. Loan proceeds were used to finance the Waste Treatment Construction Project. Loan payable outstanding at June 30, 2019 is $3,017,077.

The annual debt service requirements to maturity are as follows:

Year Ending
June 30
Principal Interest
2020 226,820 108,961
2021 235,244 100,537
2022 243,980 91,800
2023 253,041 82,739
2024 262,439 73,342
2025-2029 1,465,838 213,065
2030 329,714 6,067
Total 3,017,077 676,511
Loans Payable

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
49 H. Long-Term Debt (continued)
Loan Payable, State of California Water Resources Control Board, is due in annual installments of $65,563, interest at 2.7% per annum payable on October 25 through 2022. Proceeds from the loans were used for the construction and improvement of capital assets for the waste water treatment plant expansion. Loans payable outstanding at June 30, 2019 is $186,802.

The annual debt service requirements to maturity are as follows:

Year Ending
June 30
Principal Interest
2020 60,662 4,902
2021 62,353 3,310
2022 63,787 1,676
Total 186,802 9,888
Loans Payable
The City entered into a Master Governmental Lease Purchase agreement with Wells Fargo Banks to update the city’s water meters on December 15, 2015. The agreed finance amount of $4,054,224 is due in 24 semiannual installments of $193,469.62, interest at 2.23% per annum payable on June and December through 2027. Proceeds from the lease are being used for the replacement of the city’s water meters. Lease payable outstanding at June 30, 2019 is $2,981,000.

The annual debt service requirements to maturity are as follows:

Year Ending
June 30
Principal Interest
2020 322,250 64,690
2021 329,476 57,464
2022 336,864 50,075
2023 344,418 42,521
2024 352,141 34,798
2025-2028 1,295,851 58,436
Total 2,981,000 307,984
Loans Payable

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
50 H. Long-Term Debt (continued)
The following is a summary of changes in the City’s long-term debt and other long-term liabilities during the year ended June 30, 2019.

Beginning Ending Due Within
Balance Additions Deductions Balance One Year
Govermental-Type Activities:

Compensated Absences 195,163 1,626 196,789 0 19,679
Long-term liabilities of
Govermental-Type Activities: 195,163 1,626 196,789 0 19,679 The following is a summary of changes in the City’s Proprietary Funds long-term debt, including compensated absences, during the year ended June 30, 2019.

Beginning Ending Due Within
Balance Additions Deductions Balance One Year
Business-Type Activities:

Loan Payable 599,007 0 295,057) ( 303,950 303,950
Loan Payable 3,235,775 0 218,698) ( 3,017,077 226,820
Loan Payable 245,912 0 59,110) ( 186,802 60,662
Water Meter Lease 3,296,182 0 315,182) ( 2,981,000 322,250 Compensated Absences 90,685 20,288) 0 ( 70,397 7,040
Long-term liabilities of
Business-Type Activities: 7,467,561 908,335) 0 ( 6,559,226 920,722 Total long-term liabilities 7,662,724 908,335) 1,626 ( 6,756,015 940,401 The annual debt service requirements for the City’s Proprietary Funds to maturity are as follows:

Year Ending
June 30 Total
Principal Interest Debt Service
2020 913,682 182,170 1,095,852
2021 627,073 161,311 788,384
2022 644,631 143,551 788,182
2023 597,459 125,260 722,719
2024 614,580 108,140 722,720
2025-2029 2,761,689 271,501 3,033,190
2030 329,715 6,067 335,782
Total 6,488,829 998,000 7,486,829
Total

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
51 I. Evaluation of Subsequent Events
The City has evaluated subsequent events through November 29, 2021, the date which the financial statements were available to be issued.

The financial position and results of operations for the CSJVRMA, as of June 30, 2019, are presented below:

Total Assets 128,442,162
Total Liabilities 109,661,346
Total Net Assets 18,780,816
Total Liabilities & Net Assets 128,442,162 Total Revenues for Year 53,005,963 Total Expenses for Year 52,250,549
Net Income(Loss) for Year 755,414
At the termination of the joint powers agreement and after all claims have been settled, any excess deficit will be divided among the cities in accordance with its governing documents.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
52 B. Commitments and Contingencies
The City of Riverbank is a party in various lawsuits. Although the outcome of these lawsuits is not presently determinable, it is the opinion of the City's counsel that resolution of these matters will not have a material adverse effect on the financial condition of the City.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
53 C. Employee Retirement Systems and Plans (continued) The Plans’ provisions and benefits in effect as of June 30, 2018, are summarized as follows:

Miscellaneous
Hire date
Prior to April 1,
2011
On or After
April 1, 2011
On or After
January 1, 2013
Benefit formula 2% @ 55 2% @ 60 2% @ 62
Benefit vesting schedule 5 Years 5 Years 5 Years
Benefit payments Monthly for life Monthly for life Monthly for life Retirement age 50 50 52
Monthly benefits, as of % of eligible compensation Up to 2% Up to 2% Up to 2% Required employee contribution rates 7.00% 7.00% 6.25%
Required employer contribution rates 13.578% 8.005% 6.25% Safety
Hire date
Prior to April 1,
2011
On or After
April 1, 2011
On or After
January 1, 2013
Benefit formula 2% @ 55 2% @ 55 N/A
Benefit vesting schedule 5 Years 5 Years N/A
Benefit payments Monthly for life Monthly for life N/A
Retirement age 50 N/A 50
Monthly benefits, as of % of eligible compensation Up to 2% Up to 2% N/A Required employee contribution rates 6.25%
Required employer contribution rates 6.25%
Contributions – Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contributions rates for all public employees be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for both Plans are determined annually on an actuarial basis as of June 30 by CalPERS.

In February 2011, the City Council adopted a new tier which became effective in April 2011.

Participants are required to contribute 7% (9% for public-safety employees) of their annual covered salary for Tier 1 and Tier 2. The participants that qualify under Tier 3 are required to contribute

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
54 C. Employee Retirement Systems and Plans (continued) not required for the public-safety employees of the City. The current rates are 13.578% (first-tier) and 8.005% (second-tier) for non-safety employees, of annual covered payroll.

For the year ended June 30, 2019, the contribution recognized as part of pension expense for each Plan were as follows:

Miscellaneous
Contributions - employer $ 255,138
Contributions - employee (paid by employer) -
Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions
As of June 30, 2019, the Local Government reported net pension liabilities for its proportionate shares of the net pension liability of each Plan as follows:

Proportionate Share
of Net Pension Liability
Miscellaneous $ 5,347,133
Safety 881,044
Total Net Pension Liability $ 6,228,177
The Local Government’s net pension liability for each Plan is measured as the proportionate share of the net pension liability. The net pension liability of each of the Plans is measured as of June 30, 2018, and the total pension liability for each Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2017 rolled forward to June 30, 2018 using standard update procedures. The Local Government’s proportion of the net pension liability was based on a projection of the Local Government’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined.

The Local Government’s proportionate share of the net pension liability for each Plan as of June 30, 2018 and 2019 was as follows:

Miscellaneous Safety Total
Proportion - June 30, 2018 0.13894% 0.01434% 0.06387%
Proportion - June 30, 2019 0.14188% 0.01502% 0.06463%
Change - Increase/(Decrease) 0.00294% 0.00068% 0.00076% Note: Due to the nature of calculating proportionate share of the Net Pension Liability/(asset), total proportion for all employer plans will not equal the sum of the miscellaneous proportion percentage and the safety proportion percentage.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
55 C. Employee Retirement Systems and Plans (continued) At June 30, 2019, the Local Government reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows of Deferred Inflows of
Resources Resources
Changes in assumptions $ 696,035 $ 161,062
Differences between actual and expected experience 224,091 69,887 Differences between projected & actual investment earnings 32,400 0 Difference between employer's contribution and
proportionate share of contributions 0 693,671
Changes in employer's proportion 161,078 36,229
Penstion contributions made subsequent to measurement date 255,138 0 Total $ 1,368,742 $ 960,849
$1,368,742 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2019. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Miscellaneous Safety Total
2020 $ 310,443 $ 14,384 $ 324,827
2021 146,582 (236) 146,346
2022 (230,954) (33,269) (264,223)
2023 (48,094) (6,103) (54,197)
2024 - - - Thereafter - - - Total $ 177,977 $ (25,224) $ 152,753

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
56 C. Employee Retirement Systems and Plans (continued) Actuarial Assumptions – The total pension liabilities was determined by rolling forward the total pension liability determined in the June 30, 2017 actuarial accounting valuations to June 30, 2018.

The June 30, 2018, total pension liability was based on the following actuarial methods and assumptions:

Valuation Date
Measurement Date
Acturarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 7.15%
Inflation 2.50%
Salary Increases Varied by Entry Age and Service
Payroll Growth 3.0%
Mortality Rate Table Derived using CalPERS' membership data for all funds Post Retirement Benefit Contract COLA up to 2.75% until purchasing power Increase Protection allowance floor on power applies, 2.50% thereafter June 30, 2017
June 30, 2018
The mortality table used was developed based on CalPERS’ specific data. The table includes 15 years of mortality improvements using Society of Actuaries Scale 90% of scale MP 2016. For more details on this table, please refer to the December 2017 experience study report (based on CalPERS demographic data from 1997 to 2015) that can be found on the CalPERS website.

Discount Rate – The discount rate used to measure the total pension liability was 7.15%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Long-term Expected Rate of Return – The long-term expected rate of return on pension plan investments was determined using a building-block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations as well as the expected pension fund (PERF) cash flows. Using historical returns of all funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block approach.

Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the rounded single equivalent expected return that arrived at the same present value of benefits of cash flows as the one

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2019
57 C. Employee Retirement Systems and Plans (continued) calculated using both short-term and long-term returns. The expected rate of return was then set equivalent to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses. The expected real rates of return by asset class are as followed:

New Strategic Real Return Real Return
Allocation Years 1 - 10 (2) Years 11+ (3)
Global Equity 50.0% 4.90% 5.98%
Global Fixed Income 28.0% 1.00% 2.62%
Inflation Sensitive 0.0% 0.77% 1.81%
Private Equity 8.0% 6.30% 7.23%
Real Estate 13.0% 3.75% 4.93%
Liquidity 1.0% 0.00% -0.92%
(1) In the System's CAFR, Fixed Income is included in Global Debt Securities; Liquidity is included in Short-term Investments; Inflation Assets are included in both Global Equity Securities and Global Debt Securities.
(2) An expected inflation of 2.00% used for this period. (3) An expected inflation of 2.92% used for this period.

Asset Class(1)
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate – The following presents the Local Government’s proportionate share of the net pension liability for each Plan, calculated using the discount rate for each Plan, as well as what the Local Government’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:

Discount
Rate -1%
Current
Discount Rate
Discount
Rate +1%

6.15% 7.15% 8.15%
Employer's Net Pension Liability/(Asset) - Misc 8,400,427 5,347,133 2,826,690 Employer's Net Pension Liability/(Asset) - Safety 1,356,842 881,044 491,212 Employer's Net Pension Liability/(Asset) - Total 9,757,269 6,228,177 3,317,902 Pension Plan Fiduciary Net Position – Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

REQUIRED SUPPLEMENTAL FINANCIAL DATA

CITY OF RIVERBANK

SCHEDULE OF THE LOCAL GOVERNMENT'S PROPORTIONATE

SHARE OF THE NET PENSION LIABILITY - MISCELLANOUS
JUNE 30, 2018
2018 2017 2016 2015 2014
Proportion of the net pension liability 0.1336% 0.1409% 0.1318% 13.0600% 0.1405% Proportion share of the net pension liablity $ 5,347,133 $ 5,477,093 $ 4,701,278 $ 3,583,450 $ 3,472,625 Covered - employee payroll $ 5,069,400 $ 5,116,284 $ 4,877,064 $ 3,144,373 $ 2,982,150 Proportionate share of the net pension liability as 105.48% 107.05% 96.40% 113.96% 116.45% percentage of covered-employee payroll
Plan's fiduciary net position $ 17,224,515 $ 17,085,417 $ 15,339,838 $ 15,484,030 $ 15,376,404 Plan fiduciary net position as a percentage of the total pension liability 76.31% 75.72% 76.54% 81.21% 81.58%
Notes to Schedule:

Change in assumptions. In 2016, amounts reported as changes in assumptions resulted primarily from adjustments to expected retirement ages of general employees. 58 CITY OF RIVERBANK

SCHEDULE OF THE LOCAL GOVERNMENT'S PROPORTIONATE

SHARE OF THE NET PENSION LIABILITY - SAFETY
JUNE 30, 2018
2018 2017 2016 2015 2014
Proportion of the net pension liability 0.0157% 0.0165% 0.0023% 0.0125% 0.00979% Proportion share of the net pension liablity $ 1,068,500 $ 856,967 733,043$ 515,698$ 367,103$ Covered - employee payroll $ 0 $ 0 0$ 0$ 0$
Proportionate share of the net pension liability as 0.00% 0.00% 0.00% 0.00% 0.00% percentage of covered-employee payroll
Plan's fiduciary net position $ 2,570,361 $ 2,631,925 2,566,219$ 2,627,253$ 2,773,359$ Plan fiduciary net position as a percentage of the total pension liability 70.64% 75.44% 77.78% 83.59% 88.31%
Notes to Schedule:

Benefit Changes. In 2016, benefit terms were modified to base public safety employee pensions on a final three-year average salary instead of a final five-year average salary.

Change in assumptions. In 2016, amounts reported as changes in assumptions resulted primarily from adjustments to expected retirement ages of general employees. 59 CITY OF RIVERBANK

SCHEDULE OF CONTRIBUTIONS - MISCELLANEOUS
JUNE 30, 2018
2018 2017 2016 2015 2014
Contractually required contribution (actuarially determined) $ 1,147,820 $ 1,210,008 $ 1,108,137 409,877$ 340,922$ Contributions in relation to the actuarially determined contributions (1,147,820) (1,210,008) (1,108,137) (409,877) (340,922) Contribution deficiency (excess) $ 0 $ 0 $ 0 0$ 0$
Covered - employee payroll $ 5,069,400 $ 5,116,284 $ 4,877,064 3,144,373$ 2,982,150$ Contributions as a percentage of covered-employee payroll 22.64% 23.65% 22.72% 13.04% 11.43% percentage of covered-employee payroll
Notes to Schedule:

Valuation Date: 6/30/2017 6/30/2016 6/30/2015 6/30/2014 6/30/2013 Methods and assumptions used to determine cotnribution rates:

Actuarial Cost Method Entry age
Amortization method Level Percentage of Payroll and Direct Rate Smoothing Asset valuation method Market Value
Inflation 2.75%
Salary increases Varies by Entry Age and Service
Investment rate of return 7.50%, net of pension plan investment and administrative expense, including inflation
60 CITY OF RIVERBANK

SCHEDULE OF CONTRIBUTIONS - SAFETY
JUNE 30, 2018
2018 2017 2016 2015 2014
Contractually required contribution (actuarially determined) 0$ $ 0 $ 0 0$ $ 241,124 Contributions in relation to the actuarially determined contributions 0 0 0 0 (241,124) Contribution deficiency (excess) 0$ $ 0 $ 0 0$ $ 0
Covered - employee payroll 0$ $ 0 $ 0 0$ $ 789,451
Contributions as a percentage of covered-employee payroll 0.00% 0.00% 0.00% 0.00% 30.54% percentage of covered-employee payroll
Notes to Schedule:

Valuation Date: 6/30/2017 6/30/2016 6/30/2015 6/30/2014 6/30/2013 Methods and assumptions used to determine cotnribution rates:

STATEMENTS AND SCHEDULES
62 COMBINING FINANCIAL STATEMENTS

NON-MAJOR GOVERNMENTAL FUNDS

Local Transportation Fund - To account for the City's allocation of local transportation revenues for streets, roads, and sidewalk improvements.

Self-Insurance Reserve - To account for the City’s workers compensation and liability insurance.

Lighting And Landscaping Districts - To account for lighting and landscaping fees collected and the related costs to operate the city’s various districts.

Neighborhood Improvement Fund – To account for monies received from vehicle abatement fees and code enforcement officer costs.

Public Safety Augmentation Fund - To account for monies received through a special sales tax to be spent to sustain the public safety department.

Riverfest Fund - To account for monies received from community for helping citizens during the flood in 2006 and for revenues and expenditures of the Beyond Earth Day event.

Riverbank Donations Fund - To account for donation revenues for City’s improvements.

Cheese and Wine Fund - To account from the revenues and expenditures of the Cheese and Wine event.

Off Street Parking Fund – To account for parking in lieu Fee paid by business in lieu of providing additional onsite parking.

Public Benefit Fund - To account for revenue received from Cannabis Development Agreements.

Park Grant Fund - To account for grant revenues received for park development. 63 COMBINING FINANCIAL STATEMENTS

NON-MAJOR GOVERNMENTAL FUNDS

CAPITAL PROJECTS FUNDS

CFD 2016-1 - To account for developer’s assessments for Consolidated Fire District Quimby Fees Fund - To account for park impact fees collected to mitigate additional city costs due to new construction.

Railroad Crossing Fund - To account for revenues to upgrade the Terminal and Townsend street railroad crossing.

Crossroads Development Fund – To account for the fees collected from developers for the Crossroads Specific Plan.

Special Building Projects Fund – To account for the building permit revenues designated by Council for future building inspections.

Storm Drain Fund - To account for storm drain revenues.

Facility Improvement Fund - To account for fees collected from facility rentals for future improvements.

Measure L Fund - To account for revenues from the Stanislaus County Measure L transportation Tax initiative.

CITY OF RIVERBANK

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2019
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
Local Asset Weed And SelfTrans- Cheese Riverbank Forfeit- Rubbish Insurance Gas Tax portation And Wine Donations ture Abatement Reserve Fund Fund Fund Fund Fund Fund Fund
Assets
Cash And Investments 423,295 104,605 36,112 44,022 3,796 60,345 532,009 Accounts Receivable 3,281 2,070 0 0 0 307 730
Loans Receivable 0 0 0 0 0 0 0
Prepaid Expense 0 0 0 0 0 0 0
Due From Other Funds 0 0 0 0 0 0 0
Total Assets 426,576 106,675 36,112 3,796 44,022 60,652 532,739 Liabilities And Fund Balances
Liabilities
Accounts Payable 23,589 0 5,788 0 0 0 0
Compensated Absences 9,732 0 0 0 0 0 0
Other Liabilities 6,686 0 0 0 0 0 15,000
Due To Other Funds 0 0 0 0 0 0 0
Total Liabilities 40,007 5,788 0 0 0 15,000 0
Fund Balances
Nonspendable 0 0 0 0 0 0 0
Restricted 0 106,675 0 0 0 0 0
Committed 0 0 0 0 0 0 0
Assigned 386,569 0 0 3,796 44,022 60,652 517,739
Unassigned 0 30,324 0 0 0 0 0
Total Fund Balances 386,569 106,675 30,324 3,796 44,022 60,652 517,739 Total Liabilities
And Fund Balances 426,576 106,675 36,112 3,796 44,022 60,652 532,739 Special Revenue
64 Lighting Neighbor- Public Non-Major
And Land- Hood Safety Aug- Off-Street Public Park Special scaping Improvement mentation Parking Riverfest Benefit Grant Revenue Fund Fund Fund Fund Fund Fund Fund Total
280,714 ( 4,996) 8,121 53,811 3,703 575,431 ( 2,118,553 2,415) 1,900 9,181 0 286 0 0 0 17,755
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
282,614 ( 4,996) 17,302 54,097 575,431 3,703 ( 2,136,308 2,415) 31,364 617 0 0 0 0 16,892 78,250
0 688 0 0 0 0 0 10,420
1,868 0 0 0 0 0 0 23,554
0 0 0 0 0 0 0 0
31,364 3,173 0 0 0 16,892 0 112,224
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 106,675
0 0 0 0 0 0 0 0
251,250 17,302 0 54,097 3,703 575,431 0 1,914,561
8,169) 0 ( 0 0 0 19,307) 0 ( 2,848
251,250 ( 8,169) 17,302 54,097 575,431 3,703 ( 2,024,084 19,307) 282,614 ( 4,996) 17,302 54,097 575,431 3,703 ( 2,136,308 2,415) Special Revenue
65 CITY OF RIVERBANK

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2019
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
Facility Quimby Railroad CFD
Improvement Fees Crossing 2016-1
Fund Fund Fund Fund
Assets
Cash And Investments 158,941 797 90,399 77,142
Accounts Receivable 0 0 0 683
Loans Receivable 0 0 0 0
Prepaid Expense 0 0 0 0
Due From Other Funds 0 0 0 0
Total Assets 158,941 797 90,399 77,825
Liabilities And Fund Balances
Liabilities
Accounts Payable 0 0 0 0
Compensated Absences 0 0 0 0
Other Liabilities 0 0 0 0
Due To Other Funds 0 0 0 0
Total Liabilities 0 0 0 0
Fund Balances
Nonspendable 0 0 0 0
Restricted 0 0 0 77,825
Committed 0 0 0 0
Assigned 158,941 797 90,399 0
Unassigned 0 0 0 0
Total Fund Balances 158,941 797 90,399 77,825
Total Liabilities
And Fund Balances 158,941 797 90,399 77,825
Capital Projects
66 Crossroads Non-Major
Measure Devel- Special Storm Capital
L opment Projects Drain Projects
Fund Fund Fund Fund Total 2019 2018
1,327,579 770,166 4,051 201,778 2,630,853 4,749,406 2,772,072 80,832 829 137 167 82,648 100,403 184,980
0 0 0 0 0 0 0
0 42,309 61,848 104,157 0 104,157 87,773
0 0 0 0 0 0 0
1,408,411 813,304 66,036 201,945 2,817,658 4,953,966 3,044,825 19,626 12,926 5,095 931 38,578 116,828 89,617
0 0 0 0 0 10,420 14,952
0 0 0 0 0 23,554 8,126
0 0 0 0 0 0 0
19,626 12,926 5,095 931 38,578 150,802 112,695
0 0 - 0 0 0 0
0 0 0 77,825 0 184,500 190,837
0 0 0 0 0 0 0
1,388,785 800,378 60,941 201,014 2,701,255 4,615,816 2,800,604 0 0 0 0 0 2,848 ( 59,311)
1,388,785 800,378 60,941 201,014 2,779,080 4,803,164 2,932,130 1,408,411 813,304 66,036 201,945 2,817,658 4,953,966 3,044,825 Totals
Capital Projects
67 CITY OF RIVERBANK

COMBINING STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCE

NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2019
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
Local Asset
Trans- Cheese Riverbank ForfeitGas Tax portation And Wine Donations ture Fund Fund Fund Fund Fund
Revenues
Investment Earnings 4,508 7,752 0 0 0
Intergovernmental 922,213 0 0 0 0
Other Taxes 0 0 0 0 0
Impact Fees 0 0 0 0 0
Licenses And Permits 0 0 0 0 0
Service Charges And Miscellaneous 39,556 98,000 0 2,217 6,650 Total Revenues 966,277 7,752 98,000 2,217 6,650
Expenditures
General Government 0 0 0 0 0
Public Safety 0 0 0 0 0
Public Works 753,744 0 0 0 0
Community Development 0 0 0 2,022 0
Culture And Leisure 0 0 104,550 0 0
Capital Outlay 45,047 0 0 0 0
Total Expenditures 798,791 104,550 0 2,022 0
Excess(Deficiency) Of Revenues
Over Expenditures 167,486 7,752 ( 6,550) 6,650 195
Other Financing Sources (Uses)
Operating Transfers In 186,327 0 0 0 0
Operating Transfers Out 29,775)( ( 91,914) 0 0 0
Total Other Financing Sources (Uses) 156,552 ( 91,914) 0 0 0 Net Change In Fund Balances 324,038 ( 84,162) ( 6,550) 195 6,650 Fund Balance - Beginning 62,531 190,837 36,874 37,372 3,601 Fund Balance - Ending 386,569 106,675 30,324 44,022 3,796 Special Revenue
68 Weed And Self- Lighting Neighbor- Public Non-Major
Rubbish Insurance And Land- Hood Safety Aug- Off-Street Park Special Abatement Reserve scaping Improvement mentation Parking Riverfest Grant Revenue Fund Fund Fund Fund Fund Fund Fund Fund Total
1,152 2,735 8,155 0 0 1,071 0 0 25,373
0 0 0 25,327 118,612 0 0 352,841 1,418,993
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0
1,071,882 13,653 357,392 9,620 0 0 0 1,598,970 0
1,074,617 14,805 365,547 118,612 34,947 1,071 352,841 0 3,043,336 0 473,099 0 0 0 0 0 0 473,099
0 0 0 115,164 0 0 0 0 115,164
1,239 0 0 0 0 0 0 0 754,983
0 0 324,389 0 0 0 0 16,936 343,347
0 0 0 0 0 0 0 0 104,550
0 0 12,189 0 0 0 0 372,212 429,448
473,099 1,239 336,578 115,164 0 0 0 389,148 2,220,591
601,518 13,566 28,969 ( 118,612 80,217) 1,071 36,307) 0 ( 822,745 0 0 0 84,454 0 0 0 17,000 287,781
0 0 68,376)( 117,788) 0 ( 0 0 307,853) 0 (
0 0 68,376)( 117,788) 84,454 ( 0 0 17,000 ( 37,072)
13,566 601,518 39,407)( 4,237 824 1,071 0 19,307) ( 802,673 83,779)( 47,086 290,657 ( 12,406) 53,026 16,478 3,703 645,980 0 517,739 60,652 251,250 ( 17,302 8,169) 54,097 19,307) 3,703 ( 1,448,653 Special Revenue
69 CITY OF RIVERBANK

COMBINING STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCE

NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2019
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2018
Public Facility Quimby Railroad CFD
Benefit Improvement Fees Crossing 2016-1
Fund Fund Fund Fund Fund
Revenues
Investment Earnings 0 11 0 0 0
Intergovernmental 0 0 0 0 0
Other Taxes 0 0 0 0 0
Impact Fees 0 50,460 0 0 0
Licenses And Permits 0 0 0 0 0
Service Charges And Miscellaneous 498,137 6,197 0 0 37,583 Total Revenues 498,137 50,471 6,197 37,583 0
Expenditures
General Government 0 0 0 0 0
Public Safety 0 0 0 0 5,036
Public Works 0 2,630 0 0 0
Community Development 0 0 0 0 0
Culture And Leisure 0 0 0 0 0
Capital Outlay 0 0 0 0 0
Total Expenditures 2,630 0 0 0 5,036
Excess(Deficiency) Of Revenues
Over Expenditures 498,137 50,471 3,567 32,547 0
Other Financing Sources (Uses)
Operating Transfers In 0 0 0 90,000 0
Operating Transfers Out 25,000) 0 ( 0 0 0
Total Other Financing Sources (Uses) 25,000) 0 ( 90,000 0 0 Net Change In Fund Balances 498,137 ( 21,433) 50,471 90,000 32,547 Fund Balance - Beginning 77,294 108,470 22,230 399 45,278 Fund Balance - Ending 575,431 158,941 797 90,399 77,825 Capital Projects
70 Crossroads Non-Major
Measure Devel- Special Storm Capital
L opment Projects Drain Projects
Fund Fund Fund Fund Total 2019 2018
0 42,341 513 5 42,870 68,243 16,786
991,121 0 0 0 991,121 2,410,114 1,711,023
0 0 0 0 0 0 0
0 0 0 0 50,460 50,460 121,528
0 0 0 0 0 0 0
0 0 0 43,953 585,870 2,184,840 855,409
991,121 42,341 43,958 513 1,670,321 4,713,657 2,704,746 0 0 0 0 473,099 0 481,104
0 0 0 0 5,036 120,200 130,869
9,798 0 13,333 0 25,761 780,744 771,610
0 0 0 0 343,347 0 297,808
0 0 0 0 104,550 0 86,117
373,625 231,966 0 0 605,591 1,035,039 685,352
383,423 231,966 13,333 0 636,388 2,856,979 2,452,860
607,698 ( 189,625) 30,625 513 1,033,933 1,856,678 251,886 0 0 0 0 90,000 377,781 254,894
0 0 0 30,572)( ( 55,572) ( 363,425) ( 299,320)
0 0 0 30,572)( 34,428 14,356 ( 44,426)
607,698 ( 189,625) 513 53 1,068,361 1,871,034 207,460
781,087 990,003 200,961 60,428 2,286,150 2,932,130 2,724,670 1,388,785 800,378 201,014 60,941 3,354,511 4,803,164 2,932,130 Totals
Capital Projects
71 OTHER REPORTS
FEDERAL GRANTOR/PASS- Federal Pass-Through
THROUGH GRANTOR/ CFDA Grantor's Federal
PROGRAM TITLE Number Number Expenditures
U.S. Department of Transportation
Passed Through State of California:

CML-5255(037) 20.507 CML-5255 232,395
STPL-5255(050) 20.507 STPL-5255 0
Total U.S. Department of Transportation 232,395
U.S. Department of Justice
Local Law Enforcement Block Grant 16.710 N/A 148,747
Total U.S. Department of Justice 148,747
U.S. Department of Defense
Passed Through Office of Economic Adjustment
OEA 12.607 CL0610-11-03 253,433
Total U.S. Department of Defense 253,433
U.S. Department of Army
U.S. Army Engineering And Support Center
ESCA 12.599 N/A 3,868,361
Total Expenditures of Federal Awards 4,502,936

CITY OF RIVERBANK

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
JUNE 30, 2019
72 73