Agenda, closed session, second session — City Council / Local Redevelopment Authority / Public Financing Authority, May 13, 2025

Any documents that are not privileged or part of a Closed Session provided to a majority of the City Council/LRA Board after distribution of the agenda packet, regarding any item on this agenda, will be made available for public inspection at the City Clerk’s Office 6707 Third St., Suite A, Riverbank. Page 1 of 5
AGEND
TUESDAY, MAY 13, 2025 – 6:00 P.M.
(THE AGENDA PACKET IS ONLINE AT HTTP://WWW.RIVERBANK.ORG/AGENDACENTER)

1. CALL TO ORDER

2. FLAG SALUTE

3. INVOCATION

4. ROLL CALL

5. AGENDA CHANGES

6. CONFLICT OF INTEREST
Any Council/Authority Member or Staff who has a direct Conflict of Interest on any scheduled agenda item to be considered is to declare their conflict at this time.

7. PRESENTATIONS (Informational only)
Item 7.1 Certificate of Recognition- Older Americans Month- It is recommended that the City Council read and present Awards of Recognition to nominated Riverbank residents for their service to our community.

Item 7.2 Proclamation-Mental Health Awareness Month- It is recommended that the City Council read and present the Proclamation for Mental Health Awareness Month to Jorge Luis Fernandez, Director of Behavioral Health and Marycruz Saldivar, with Golden Valley Health Center.

Item 7.3 Proclamation- Declaring May as Asian Pacific American Heritage Month- It is recommended that the City Council read and present a Proclamation for Asian Pacific American Heritage Month to Christina Tran Machuca, Resident of Riverbank.

Item 7.4 Proclamation- Public Works Week- May 18th to 24th 2025- It is recommended that the City Council read and present the Proclamation for National Public Works Week to the City of Riverbank Public Works Department for their service to our community.

CITY OF RIVERBANK
Regular City Council and
Local Redevelopment Authority
Board Meetings
Council Chambers
6707 Third Street, Suite B
Riverbank, CA 95367

CITY COUNCIL / LRA BOARD
Mayor/Chair
Rachel Hernandez
Council/Authority Members
District 1 - Luis Uribe
Vice Mayor District 2 – Cindy Fosi
District 3 – John Pimentel
District 4 – Stacy Call
City Council and LRA Board Meetings Agenda May 13, 2025 Next City Council Resolution: 2025-028 Next Ordinance: 2025-001 Next Local Redevelopment Authority Board Resolution 2025-001 Any documents that are not privileged or part of a Closed Session provided to a majority of the City Council/LRA Board after distribution of the agenda packet, regarding any item on this agenda, will be made available for public inspection at the City Clerk’s Office 6707 Third St., Suite A, Riverbank. Page 2 of 5
Item 7.5 Presentation – North County Corridor Phase I- It is recommended that the City Council receive a presentation from Stanislaus County regarding North County Corridor Phase I.

Item 7.6 Presentation- Cheese and Wine Festival 2025 Update-It is recommended that the City Council receive a presentation from Michael Patton, Parks and Recreation Director

8. PUBLIC COMMENTS (No action can be taken)
At this time, members of the public may comment on any item not appearing on the agenda, and within the subject matter jurisdiction of the City Council/LRA Board. Individual comments will be limited to a maximum of 3 minutes (or as stated by the presiding Officer) and time cannot be yielded to another person. Under State Law, matters presented during the public comment period cannot be discussed or acted upon.

Refer to the last page of this agenda for the Public Comment Procedures via ZOOM.

IN PERSON COMMENTS

PLEASE FILL OUT A COMMENT CARD AND RETURN TO THE CITY CLERK

9. CONSENT CALENDAR
All items listed on the Consent Calendar are to be acted upon by a single action of the City Council/LRA Board unless requested by an individual Council/Authority Member or member of the public for special consideration. Otherwise, the recommendation of staff will be accepted and acted upon by motion of the City Council/LRA Board.

Item 9.1 Waive Readings. All Readings of ordinances and resolutions, except by title, are waived.

Item 9.2 Approval of the City Council and Local Redevelopment Authority Board Minutes for April 22, 2025.

Item 9.3 Resolution to Waive the Rental Fees for the Community Center and the Community Center Gazebo for the Riverbank Historical Society, Mujeres Mexicanas de Accion, and Sullie Entertainment.

Item 9.4 Resolution Declaring City-owned Property as Surplus Land in Compliance with the Surplus Land Act.

10. PUBLIC HEARING
Item 10.1 Resolution Authorizing a 2.3% Inflationary Adjustment Increase to the City of Riverbank System Development Fees Based on the
Construction Cost Index to be effective May 15, 2025.- It is recommended that the City Council consider adopting a resolution authorizing a 2.3% Inflationary Adjustment increase to the City of Riverbank System Development Fees (also known as Development Impact Fees) based on the Construction Cost Index.

The Public Notice for Item 10.1 was Published twice once on 04/23 & 04/30 in the Riverbank Newspaper.

City Council and LRA Board Meetings Agenda May 13, 2025 Next City Council Resolution: 2025-028 Next Ordinance: 2025-001 Next Local Redevelopment Authority Board Resolution 2025-001 Any documents that are not privileged or part of a Closed Session provided to a majority of the City Council/LRA Board after distribution of the agenda packet, regarding any item on this agenda, will be made available for public inspection at the City Clerk’s Office 6707 Third St., Suite A, Riverbank. Page 3 of 5

11. NEW BUSINESS
Item 11.1 Resolution Accepting the Annual Financial Report for Fiscal Year 2023-2024- It is recommended that the City Council consider adopting a Resolution accepting the Annual Financial Report for Fiscal Year 2023- 2024.

12. COMMENTS/REPORTS
A brief report on notable attendance of a meeting or conference or other notable topics of City business shall be made.

The Brown Act does not allow for discussion or action of items by the City Council/LRA Board during this time.

Item 12.1 Staff
Item 12.2 Council/Authority Member
Item 12.3 Mayor/Chair

13. CLOSED SESSION
The public will have a limit of 3 minutes to comment on Closed Session item(s) as set forth on the agenda prior to the City Council/LRA Board recessing to Closed Session
Item 13.1 CONFERENCE WITH LABOR NEGOTIATORS
(Pursuant to Government Code §54957.6)
Agency representative: City Manager Marisela H. Garcia
Employee Organizations: Riverbank Miscellaneous Employees

14. REPORT FROM CLOSED SESSION
Item 14.1 Report from Closed Session Item 14.1

CONFERENCE WITH LABOR NEGOTIATORS
(Pursuant to Government Code §54957.6)
Agency representative: City Manager Marisela H. Garcia
Employee Organizations: Riverbank Miscellaneous Employees

15. ADJOURNMENT
The Next Regular City Council Meeting will be on: Tuesday, May 27,2025

AFFIDAVIT OF POSTING
I hereby certify under penalty of perjury, under the laws of the State of California that the foregoing agenda was posted at the meeting location, on the North City Hall public exterior bulletin board, South City Hall public exterior Bulletin, Riverbank Community Center exterior bulletin, and the City’s website 72 hours prior to the meeting in accordance to the California Ralph M. Brown Act.

Posted this 8
th Day of May, 2025 /s/Gabriela Hernandez, CMC, City Clerk City Council and LRA Board Meetings Agenda May 13, 2025 Next City Council Resolution: 2025-028 Next Ordinance: 2025-001 Next Local Redevelopment Authority Board Resolution 2025-001 Any documents that are not privileged or part of a Closed Session provided to a majority of the City Council/LRA Board after distribution of the agenda packet, regarding any item on this agenda, will be made available for public inspection at the City Clerk’s Office 6707 Third St., Suite A, Riverbank. Page 4 of 5

ADA COMPLIANCE STATEMENT
In compliance with the Americans with Disabilities Act, and the Governor’s Executive Order N-29-20, the City will make every effort to make reasonable modifications or accommodations from individuals with disabilities. Contact the Administration Dept. at (209) 863-7122 or the City Clerk at [email protected] at least (48) hours prior to the meeting to enable the City to make reasonable arrangements for accessibility.

NOTICE REGARDING NON-ENGLISH SPEAKERS
Pursuant to California Constitution Article III, Section IV, establishing English as the official language for the State of California, and in accordance with California Code of Civil Procedures Section 185, which requires proceedings before any State Court to be in English, notice is hereby given that all proceedings before the City of Riverbank City Council/LRA Board shall be in English and anyone wishing to address the Council is required to have a translator present who will take an oath to make an accurate translation from any language not English into the English language.

How to Use Live Spanish Translation/ Como Usar Traducción en Español En Vivo STEP 1/PASO 1 STEP 2/ PASO 2 STEP 3/ PASO 3

Scan QR Code Choose Spanish language Read Captions on Device Escanea el código Escoja el idioma Español Use headset for Audio Lea subtítulos en su aparato
Use auriculares para audio
https://attend.wordly.ai/join/LHDA-5715

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PUBLIC “LIVE” VIEWING
• Government Channels: Charter– 2 and AT&T U-VERSE – 99 • YouTube Live – City of Riverbank
• Via ZOOM Platform (See instructions below)

SUBMITTING PUBLIC COMMENTS FOR THE RECORD

Written comments must be received before 5:00 p.m. on the date of the meeting in order for them to be distributed to the Council prior to consideration of the matter. Written comments will not be read aloud at the meeting, but will be reported as received for the record. If you do not receive an acknowledgement of receipt within an hour of submission or by 5:00 pm, please call the City Clerk’s Office at (209) 863-7198 or the Administration Dept. at (209) 863-7122.

ACCEPTABLE METHODS OF SUBMITTING COMMENTS BEFORE THE 5:00 PM DEADLINE ● Via Mail Service: Mail comments to City of Riverbank, Attn. City Clerk, 6707 Third Street, Suite A, Riverbank, CA 95367. (Call 209-863-7198 / 209-863-7122 to ensure they were received.)
● Via Email: Mail to [email protected] (Note: This technology is not a guaranteed method.)
• Indicate Agenda Item # in the subject line. (Call 209-863-7198 /209-863-7122 to ensure receipt)
● Oral Comments In-Person: The Mayor will ask the public if anyone wishes to comment, at that time you may approach the podium.
● Oral Comments Via Zoom: The Mayor will announce when public comments may be made for a limit of 3 minutes on the agenda item being considered, at which time you will:
(please make sure the volume on your video device or any nearby device is turned down.) o Using a computer – click on the “raise hand” feature in the webinar controls. This will alert staff that you wish to speak, and you will be unmuted.
o Using a Phone – press *9 to “raise the hand”. This will alert staff that you wish to speak, and you will be unmuted.

Teleconference Phone Number (This system is a backup for ZOOM technical difficulties only when providing oral comments.) If there are technical difficulties or disconnection with ZOOM while making oral comments, please immediately call the teleconference phone number (209) 863-7151 so that Council may receive your comments. Council will be waiting for your call. Thank you

JOIN THE MEETING VIA ZOOM PLATFORM
Join by this link: https://us02web.zoom.us/j/89443415826 Join by accessing website: https://zoom.us/join , enter Webinar ID: 894 4341 5826 Join by telephone:1 669 444 9171 OR 1 669 900 9128, plus Webinar ID: 894 4341 5826 Learn about using ZOOM - Visit https://zoom.us/j/94943925973?status=success for a free account or to download the app.

TELECONFERENCE/VIRUAL PLATFORM PUBLIC PARTICIPATION

COMMENT PROCEDURES FOR CITY COUNCIL MEETING HELD IN

CONFORMANCE WITH THE BROWN ACT

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Item 7.1 – CC/LRA – 05/13/2025

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 7.1
SECTION 7: PRESENTATIONS
Meeting Date: May 13, 2025
Subject: Certificate of Recognition - Older Americans Month From: Marisela H. Garcia, City Manager
Submitted by: Claudia Edwards, Administrative Intern

RECOMMENDATION
It is recommended that the City Council read and present Awards of Recognition to nominated Riverbank residents for their service to our community.

SUMMARY
The City of Riverbank recognizes our need to create a community that provides the services that supports older Americans needed to thrive and live independently for as long as possible. As a community we need to begin planning programs that build independence, ensuring activities that are responsive to individual needs, and increasing access to services that support aging in place.

RECOGNIZED RESIDENTS IN RIVERBANK
On this day, the Riverbank City Council is honoring Older Americans in our community.

The Mayor and each Councilmember have nominated a resident to honor on this day for their contributions to the City of Riverbank.

Linda Lagace - Selected by Mayor Hernandez
Richard Holmer - Selected by Vice Mayor Fosi
Francis Guevara - Selected by Councilmember Uribe
Amparo Cordova - Selected by Councilmember Pimentel
Richard D. O’Brien - Selected by Councilmember Call

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Item 7.1 – CC/LRA – 05/13/2025

BACKGROUND
When Older Americans Month was established in 1963, only 17 million living Americans had reached their 65th birthday. About a third of older Americans lived in poverty and there were few programs to meet their needs. Interest in older Americans and their concerns was growing. A meeting in April 1963 between President John F. Kennedy and members of the National Council of Senior Citizens led to designating May as “Senior Citizens Month,” the prelude to “Older Americans Month.” Historically, Older Americans Month has been a time to acknowledge the contributions of past and current older persons to our country, in particular those who defended our country. Older Americans Month is celebrated across the country through ceremonies, events, fairs, and other such activities.

FINANCIAL IMPACT
There is no financial impact with the report.

ATTACHMENTS

1. Certificate of Recognition – Linda Lagace

2. Certificate of Recognition - Richard Holmer

3. Certificate of Recognition - Francis Guevara

4. Certificate of Recognition - Amparo Cordova

5. Certificate of Recognition - Richard D. O’Brien
Certificate of Recognition
Presented to
Linda Lagace
Older Americans Month
On behalf of the Riverbank City Council, I extend our heartfelt congratulations to you for being recognized as one of Riverbank’s outstanding senior citizens. Your unwavering dedication, leadership, and volunteer service have significantly enriched our community. We deeply appreciate your commitment and the positive impact you've made.

May 13, 2025 ___________________________________
Rachel Hernandez, Mayor
Riverbank City Council
District 1 - Luis Uribe, District 3 - John Pimentel, District 4 - Stacy Call District 2 - Vice Mayor Cindy Fosi, Mayor - Rachel Hernandez ATTACHMENT 1
Certificate of Recognition
Presented to
Richard Holmer
Older Americans Month
On behalf of the Riverbank City Council, I extend our heartfelt congratulations to you for being recognized as one of Riverbank’s outstanding senior citizens. Your unwavering dedication, leadership, and volunteer service have significantly enriched our community. We deeply appreciate your commitment and the positive impact you've made.

May 13, 2025 ___________________________________
Rachel Hernandez, Mayor
Riverbank City Council
District 1 - Luis Uribe, District 3 - John Pimentel, District 4 - Stacy Call District 2 - Vice Mayor Cindy Fosi, Mayor - Rachel Hernandez ATTACHMENT 2
Certificate of Recognition
Presented to
Francis Guevara
Older Americans Month
On behalf of the Riverbank City Council, I extend our heartfelt congratulations to you for being recognized as one of Riverbank’s outstanding senior citizens. Your unwavering dedication, leadership, and volunteer service have significantly enriched our community. We deeply appreciate your commitment and the positive impact you've made.

May 13, 2025 ___________________________________
Rachel Hernandez, Mayor
Riverbank City Council
District 1 - Luis Uribe, District 3 - John Pimentel, District 4 - Stacy Call District 2 - Vice Mayor Cindy Fosi, Mayor - Rachel Hernandez ATTACHMENT 3
Certificate of Recognition
Presented to
Amparo Cordova
Older Americans Month
On behalf of the Riverbank City Council, I extend our heartfelt congratulations to you for being recognized as one of Riverbank’s outstanding senior citizens. Your unwavering dedication, leadership, and volunteer service have significantly enriched our community. We deeply appreciate your commitment and the positive impact you've made.

May 13, 2025 ___________________________________
Rachel Hernandez, Mayor
Riverbank City Council
District 1 - Luis Uribe, District 3 - John Pimentel, District 4 - Stacy Call District 2 - Vice Mayor Cindy Fosi, Mayor - Rachel Hernandez ATTACHMENT 4
Certificate of Recognition
Presented to
Richard D. O’Brien
Older Americans Month
On behalf of the Riverbank City Council, I extend our heartfelt congratulations to you for being recognized as one of Riverbank’s outstanding senior citizens. Your unwavering dedication, leadership, and volunteer service have significantly enriched our community. We deeply appreciate your commitment and the positive impact you've made.

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 7.2
SECTION 7: PRESENTATIONS
Meeting Date: May 13, 2025
Subject: Proclamation - Mental Health Awareness Month
From: Marisela H. Garcia, City Manager
Submitted by: Claudia Edwards, Administrative Intern

RECOMMENDATION
It is recommended that the City Council read and present the Proclamation for Mental Health Awareness Month to Jorge Luis Fernandez, Director of Behavioral Health and Marycruz Saldivar, Behavioral Health Clinician, both with Golden Valley Health Center.

SUMMARY
Golden Valley Health Centers has been providing Integrated Behavioral Health Services for more than 15 years. Integrated health services, also known as “whole person” care, is a holistic approach that blends the treatment of physical and behavioral health conditions in one setting. This treatment approach has the advantages of having more accessibility and less stigma to access Behavioral Health Services. It also allows for screening and early intervention for Behavioral Health conditions, resulting in better outcomes. Golden Valley Health Centers recognizes the importance of providing equitable access to care where the patients live. They have been providing health care to Riverbank residents since 2009 in the Mobile Health Unit. In 2011 the medical clinic opened next to Riverbank High School. Integrated Behavioral Health Services have been provided at this clinic since 2014. Presently there is full-time bilingual (English/Spanish) Behavioral Health Clinician serving the Riverbank Community.

BACKGROUND
Since 1949, Mental Health America, their affiliates, and countless others have observed May as Mental Health Month by reaching out to millions of people to spread the word that mental health is something everyone should care about. During the month of May, wearing the color green or displaying a green ribbon shows support and brings awareness

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Item 7.2– CC/LRA – 05/13/2025

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Item 7.2– CC/LRA – 05/13/2025
to mental health. It’s a time to share information, stories, and resources that our community and surrounding areas have to offer.

FINANCIAL IMPACT
There is no financial impact with the report.

ATTACHMENTS

1. Proclamation
WHEREAS, mental health is essential to everyone’s overall health and wellbeing, and addressing the mental health needs in Riverbank of children, youth, adults, seniors, and families is fundamental to having a healthy community; and WHEREAS, all people experience times of difficulty and stress in their lives and, with the prevalence of mental health conditions in our nation, it is important for all members of the community to know that specific tools exist which can be used to better handle challenges and protect one’s health and wellbeing; and WHEREAS, prevention is an effective way to reduce the burden of mental health conditions and, with early and effective treatment, individuals with mental health conditions can recover and lead full, productive lives; and WHEREAS, it is appropriate to recognize the importance of improving the mental health of all of our residents, and Riverbank is committed to raising awareness about mental illness; promoting effective community partnerships and collaborations to serve the mental health needs of our community; and increasing access to culturally and linguistically appropriate mental health services; WHEREAS, Golden Valley Health Centers has been providing Integrated Behavioral Health Services for more than 15 years. Integrated Behavioral Health Services have been provided at Riverbank clinic since 2014.

NOW, THEREFORE, I, Rachel Hernandez, Mayor of the City of Riverbank, on behalf of the City Council, do hereby proclaim the month of May, 2025 in Riverbank as Mental Health Awareness Month and encourage all citizens, businesses, organizations, and agencies to work collaboratively to reduce the stigma of mental illness and to increase the mental health of our community.

May 13, 2025

CITY OF RIVERBANK
Proclamation

MENTAL HEALTH AWARENESS MONTH
MAY 2025
_____________________________
Rachel Hernandez, Mayor
Riverbank City Council
District 1 – Luis Uribe, District 3 – John Pimentel, District 4 – Stacy Call District 2, Vice Mayor – Cindy Fosi - Mayor Rachel Hernandez ATTACHMENT 1

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Item 7.3 – CC/LRA – 05/13/2025

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 7.3
SECTION 7: PRESENTATIONS
Meeting Date: May 13, 2025
Subject: Proclamation Declaring May as Asian Pacific American Heritage Month
From: Marisela H. Garcia, City Manager
Submitted by: Claudia Edwards, Administrative Intern

RECOMMENDATION
It is recommended that the City Council read and present a Proclamation for Asian Pacific American Heritage Month to Christina Tran Machuca, Resident of Riverbank.

SUMMARY
Christina Tran Machuca is a proud Vietnamese American living in Riverbank, California.

She was raised by immigrant parents who came to this country with very little, but gave everything to build a better life for their family. Their strength, sacrifice, and work ethic are a big part of what drives her today.

Growing up in the Asian community, she has always felt a deep sense of belonging and pride. The culture is so rich in tradition, family values, and community support. Being Vietnamese American means navigating two worlds—honoring where she came from while also carving out her own path. She is really proud of that balance and grateful for everything it has taught her. She is excited for the opportunity to share a little piece of that with others.

BACKGROUND
The month of May was chosen as Asian Pacific American Heritage Month to commemorate the immigration of the first Japanese citizen, Nakahama Manjiro, to the United States on May 7, 1843, but also the anniversary of the May 10, 1869 completion of the first Transcontinental Railroad, built with the back-breaking labor of nearly 20,000 Chinese immigrants. However, the first Asian immigrants arrived in the U.S. in 1587 when Filipinos first began migrating to California. Immigrants continued to come from the Asian

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Item 7.3 – CC/LRA – 05/13/2025
continent and the Pacific Islands through 1920 when the first Samoans were documented in Hawaii.

As of the last census, the City of Riverbank Asian and Pacific population was 5.5% of our residents.

FINANCIAL IMPACT
There is no financial impact with the report.

ATTACHMENTS

1. Proclamation
WHEREAS, the month of May was chosen as Asian Pacific American Heritage Month to commemorate the immigration of the first Japanese citizen, Nakahama Manjiro, to the United States on May 7, 1843, but also the anniversary of the May 10, 1869 completion of the first Transcontinental Railroad, built with the back-breaking labor of nearly 20,000 Chinese immigrants; and
WHEREAS, Asian American Pacific Islanders have distinguished themselves as leading researchers in science, medicine, and technology; innovative farmers and ranchers; distinguished lawyers, judges and government leaders; in the arts, literature, and sports; as war heroes who defended our country from fascism; and peacetime healthcare heroes; and WHEREAS, today more than 20 million Asian American Pacific Americans live in the United States and through their actions, make America a more vibrant, prosperous, and secure nation.

WHEREAS, the City of Riverbank is committed to being a welcoming and inclusive place where all residents and visitors are safe to live, work, and play; and
WHEREAS, the contributions of the AANHPI community are
immeasurable, the city acknowledges the impacts of the model minority myth that perpetuates inequities in the AANHPI community. The city continues to support AANHPI residents in all aspects of work, life, and community.

NOW, THEREFORE, LET IT BE RESOLVED that the City Council of the City of Riverbank does hereby unanimously proclaim May 2025 to be Asian Pacific American Heritage Month and encourages everyone to commemorate this important occasion.

May 13, 2025
______________________________________
Rachel Hernandez, Mayor

RIVERBANK CITY COUNCIL
District 1 – Luis Uribe, District 3 – John Pimentel, District 4 – Stacy Call District 2, Vice Mayor – Cindy Fosi, Mayor – Rachel Hernandez

CITY OF RIVERBANK
Proclamation

ASIAN PACIFIC AMERICAN HERITAGE MONTH
ATTACHMENT 1

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Item 7.4 – CC/LRA – 05/13/2025

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 7.4
SECTION 7: PRESENTATIONS
Meeting Date: May 13, 2025
Subject: Proclamation - National Public Works Week- May 18th to 24th 2025.

From: Marisela H. Garcia, City Manager
Submitted by: Claudia Edwards, Administrative Intern

RECOMMENDATION
It is recommended that the City Council read and present the Proclamation for National Public Works Week to the City of Riverbank Public Works Department for their service to our community.

SUMMARY
The City of Riverbank and its citizens recognize our public works professionals are vital to the efficient operation of public works systems and programs such as water, sewer, streets, fleet maintenance, and wastewater treatment. The health, safety, and comfort of this community greatly depends on these facilities and services. Their planning, design and construction is vitally dependent upon the efforts, skill of public works officials, and the efficiency and effectiveness of the qualified personnel who staff the City’s Public Works Department.

BACKGROUND
The year 2025 marks the 65
th annual National Public Works Week sponsored by the
American Public Works Association. Public works professionals focus on infrastructure, facilities, and services that are of vital importance to sustainable and resilient communities and to the public health, high quality of life, and well-being of the people of Riverbank.

These infrastructure, facilities, and services could not be provided without the dedicated efforts of public works professionals who are managers and employees at all levels of government, who are responsible for rebuilding, improving and protecting our nation’s transportation, water supply, water and wastewater treatment systems, and other structures and facilities essential for our citizens.

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Item 7.4 – CC/LRA – 05/13/2025

FINANCIAL IMPACT
There is no financial impact with the report.

ATTACHMENTS

1.Proclamation

CITY OF RIVERBANK
Proclamation

NATIONAL PUBLIC WORKS WEEK
WHEREAS, public works professionals focus on infrastructure, facilities, and services that are of vital importance to sustainable and resilient communities and to the public health, high quality of life, and well-being of the people of Riverbank; and
WHEREAS, these infrastructure, facilities, and services could not be provided without the dedicated efforts of public works professionals, who are managers and employees at all levels of government, who are responsible for rebuilding, improving and protecting our nation’s transportation, water supply, water and wastewater treatment systems, and other structures and facilities essential for our citizens; and WHEREAS, it is in the public interest for the citizens, civic leaders, and children in Riverbank to gain knowledge of and to maintain a progressive interest and understanding of the importance of public works and public works programs in their respective communities; and
WHEREAS, the year 2025 marks the 65th annual National Public Works Week sponsored by the American Public Works Association.

NOW, THEREFORE, LET IT BE RESOLVED that the City Council of the City of Riverbank does hereby designate the week of May 18 – 24, 2025 as National Public Works Week; I urge all citizens to join with representatives of government agencies in activities, events, and ceremonies designed to pay tribute to our public works professionals, managers, and employees and to recognize the substantial contributions they make to protecting our health, safety, and quality of life.

May 13, 2025 __________________________________
Rachel Hernandez, Mayor
Riverbank City Council
District 1 – Luis Uribe, District 3 – John Pimentel, District 4 – Stacy Call District 2, Vice Mayor – Cindy Fosi - Mayor Rachel Hernandez ATTACHMENT 1

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Item 7.5 – CC/LRA – 05/13/2025

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 7.5
SECTION 7: PRESENTATIONS
Meeting Date: May 13, 2025
Subject: Presentation – North County Corridor Phase I
From: Marisela H. Garcia, City Manager

RECOMMENDATION
It is recommended that the City Council receive a presentation from Stanislaus County regarding North County Corridor Phase I.

SUMMARY
The North County Corridor (NCC) Project proposes to be a high-capacity expressway that will bypass around the Cities of Modesto, Riverbank, and Oakdale connecting the eastern portion of the County to State Route 99. The 18-mile NCC expressway project will build a west-east expressway that will improve regional network circulation, relieve existing traffic congestion, reduce traffic delays, accommodate future traffic, benefit commerce, and enhance safety.

The NCC Project received a grant from the U.S. Department of Transportation for the initial segment of the NCC Project in the amount of $20 million under the - Better Utilizing Investments to Leverage Development (BUILD) program. The BUILD grant segment is a three-mile portion beginning at the SR-219 (Claribel Road) and Oakdale Road intersection. The NCC Project also received a grant from the State Trade Corridor Enhancement Program (TCEP) in the amount of $20 million and State Section 190 Railroad Grade Separation Program in the amount of $5 million. Other funding for the Project includes Measure L Transportation Sales Tax, Regional Transportation Improvement Program (RTIP), County Public Facilities Fees (PFF), State Road Maintenance and Rehabilitation Account allocations to the County, and BNSF Railroad.

The NCC Project will follow a parallel alignment of Claribel Road, constructing grade separations over Roselle Avenue, Terminal Avenue, and the Burlington Northern Santa Fe (BNSF) Railroad tracks, extending eastward to the intersection of Claribel Road and Claus Road. The proposed Project will provide a four-lane access-controlled facility with a median. The expressway will be accessed at key locations served by new frontage

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Item 7.5 – CC/LRA – 05/13/2025
roads. More information on the project can be found at North County Corridor Phase 1 Project.

On February 25, 2025 the Stanislaus County Board of Supervisors awarded the Construction Agreement to Bay Cities/Myers & Sons Joint Venture to initiate construction of Phase I. With work commencing soon Stanislaus County will present an update of the project, proposed timeline, and the impacts on our Riverbank residents.

STRATEGIC PLAN

FINANCIAL IMPACT
There is no financial impact associated with this presentation.

ATTACHMENTS

1. North County Corridor (NCC) Phase 1 Exhibit
ATTACHMENT 1

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Item7.6 – CC/LRA – 05/13/2025

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 7.6
SECTION 7: PRESENTATION
Meeting Date: May 13, 2025
Subject: Presentation- Cheese and Wine Festival 2025 Update From: Marisela H. Garcia, City Manager
Submitted by: Michael Patton, Parks and Recreation Director

RECOMMENDATION
It is recommended that the City Council receive a presentation from Michael Patton, Parks and Recreation Director.

SUMMARY
The City of Riverbank Parks and Recreation Department is providing an update on the planning and development of the Cheese and Wine Festival 2025.With the Cheese and Wine Festival being five months away, the Parks and Recreation Department will provide updates on the following topics: Event Location, Event Activities, Marketing Strategy, and Budget.

FINANCIAL IMPACT
There is no financial impact with the report.

STRATEGIC PLAN
The item directly addresses a goal in the city-adopted Parks and Recreation Master Plan to “Celebrate a season, bring the community together, provide spaces to promote local businesses/ vendors, elevate the work that non-profits are doing, and bring people to downtown Riverbank.” The goals and intentions of the Parks and Recreation Department for the Cheese and Wine Event mirror the objectives and themes deemed important by the City Council.

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Item 9.1 – CC/LRA 05/13/2025

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 9.1
SECTION 9: CONSENT CALENDAR
Meeting Date: May 13, 2025
Subject: Waiver of Readings
From: Marisela H. Garcia, City Manager
Submitted by: Gabriela Hernandez, City Clerk/LRA Secretary

RECOMMENDATION
It is recommended that the City Council / LRA Board approve the waiver of readings of any proposed ordinances and resolutions for consideration, except by title.

SUMMARY
In lieu of reading the entire text of a proposed ordinance or resolution that is introduced for consideration for adoption and approval, by majority vote, the City Council/LRA Board may waive the reading of the text and introduce the ordinance or resolution by title only for the record.

The full text of the proposed ordinances and resolutions, and any related documents that are part of the agenda packet, are available for review by the public on the City’s website and in the City Clerk’s office at City Hall (North) upon distribution to a majority of the City Council/LRA Board; typically 72 hours prior to the scheduled date and time of the meeting.

FINANCIAL IMPACT
There is no financial impact to this item.

ATTACHMENTS
There are no attachments to this report.

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Item 9.2 – CC/LRA 05/13/2025

RIVERBANK CITY COUNCIL / LOCAL REDEVELPOMENT AUTHORITY
AGENDA ITEM NO. 9.2
SECTION 9: CONSENT CALENDAR
Meeting Date: May 13, 2025
Subject: Approval of the City Council and Local Redevelopment Authority Board Minutes for April 22, 2025.

From: Marisela H. Garcia, City Manager
Submitted by: Gabriela Hernandez, City Clerk/LRA Secretary

RECOMMENDATION
It is recommended that the City Council/ Local Redevelopment Authority Board approve the City Council/LRA Meeting Minutes of April 22, 2025.

SUMMARY
The Draft Minutes of the City Council and the Local Redevelopment Authority Board meeting have been prepared for review and approval.

FINANCIAL IMPACT
There is no financial impact to this item.

ATTACHMENTS

1. City Council/LRA Meeting Minutes for April 22, 2025.

Exhibit A: Opposition Petition Signatures – Maricris Garaza Exhibit B: Written Public Comment – Sue Barnes
Exhibit C: Written Public Comment – Lisa Potter
Exhibit D: Written Public Comment – Kiran Sahota
Exhibit E: Written Public Comment – Katrina Kocheri
Exhibit F: Written Public Comment – Aileen Tsan
Exhibit G: Written Public Comment – Victoria Wendy
Exhibit H: Written Public Comment – Sal Galvan
Exhibit I: Signatures of Support - CVCR

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0 MINUTES
TUESDAY, APRIL 22, 2025 – 6:00 P.M.
(THE AGENDA PACKET IS ONLINE AT HTTP://WWW.RIVERBANK.ORG/AGENDACENTER)

1. CALL TO ORDER -Mayor / Chair Hernandez called the meeting to order at 6:00pm

2. FLAG SALUTE – Vice Mayor Fosi led the pledge of allegiance.

3. INVOCATION – Reverend Randy Richardson provided the invocation.

4. ROLL CALL – City Clerk Hernandez conducted Roll Call.

Members of the City Council / Local Redevelopment Authority Board present:

Council Member / Authority Member District 1 Luis Uribe Council Member/ Authority Member District 3 John Pimentel Council Member / Authority Member District 4 Stacy Call Vice Mayor / Vice Chair District 2 Cindy Fosi
Mayor / Chair Rachel Hernandez

5. AGENDA CHANGES
No Agenda Changes.

6. CONFLICT OF INTEREST
Any Council/Authority Member or Staff who has a direct Conflict of Interest on any scheduled agenda item to be considered is to declare their conflict at this time.

Councilmember Call stated a conflict of interest with Item 14.1 due to a personal relationship with the Claimant.

CITY COUNCIL / LRA BOARD
Mayor/Chair
Rachel Hernandez
Council/Authority Members:

District 1-Luis Uribe
Vice Mayor -District 2-Cindy Fosi
District 3-John Pimentel
District 4-Stacy Call

CITY OF RIVERBANK
Regular City Council and
Local Redevelopment Authority
Board Meetings
Council Chambers
6707 Third Street, Suite B
Riverbank, CA 95367
ATTACHMENT 1

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7. PRESENTATIONS (Informational only)
Item 7.1 National Arbor Day- It is recommended that the City Council read the Proclamation for National Arbor Day 2025.

Mayor Hernandez read the proclamation in celebration of Arbor Day.

Item 7.2 Professional Municipal Clerks Week – May 4, 2025 -May 10, 2025- It is recommended that the City Council read and present the Proclamation for Professional Municipal Clerks Week to Gabriela Hernandez, City Clerk.

Mayor Hernandez read and presented the proclamation to Gabriela Hernandez, City Clerk in honor of Professional Municipal Clerks Week.

Item 7.3 Workshop on Preparation of a Short-Term Rental Ordinance- It is recommended that the City Council receive a staff presentation on the preparation of a Short-Term Rental Ordinance. The presentation will serve to provide an overview of the purpose of a Short-Term Rental Ordinance and for City Council and the community to provide input on proposed standards/regulations for the Ordinance. No recommendation or formal action is necessary at this point.

David Niskanen, Senior Planner with JB Anderson Planning gave a PowerPoint presentation with an overview of the purpose of a Short-Term Rental Ordinance and the proposed standards and regulations for the ordinance.

Mayor Hernandez opened Public Comment Period at 6:33 P.M.

Sammi Martinez, Love Riverbank Committee to extend invitation to be a volunteer at the Love Riverbank event on April 26th.

Karen Conrotto, Stanislaus County resident to express her opposition towards the River Walk project.

Maricris Garaza, Riverbank resident to express her opposition towards the affordable housing project. Turned in a petition list of residents in opposition to the project (Exhibit A).

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Milt Trieweiler, Riverbank resident to express his opposition towards the River Walk project.

Olivia Arambula, Riverbank Chamber of Commerce to extend an invitation for upcoming community events.

Evelyn Halbert, Riverbank resident to seek clarification on short term rentals.

Christina Calderon, Riverbank resident to express her opposition towards the Tiny Home project location.

Mark Heizinger, Riverbank resident to express his support towards affordable housing.

Terri Spazzano, Riverbank resident to share facts and data regarding affordable housing.

Melina, Riverbank resident to express her support towards affordable housing.

Amal Choeb, Riverbank resident to express her support towards affordable housing.

Angela Ferreira, Riverbank resident to express her opposition towards affordable housing.

Linda Lagace, Riverbank resident to express her support towards affordable housing.

David Tucker, Riverbank resident to express his support towards affordable housing.

Sierra Ferreira, Riverbank resident to express her opposition towards affordable housing.

Roseline Chandra, Riverbank resident to express her opposition towards affordable housing.

Isabel Ezparza, Riverbank resident to express her support towards affordable housing.

Brandon Player, Riverbank resident to express his opposition towards affordable housing.

Devon Shelley, Riverbank resident to express his opposition towards affordable housing.

Mayor Hernandez closed the Public Comment Period at 7:18 P.M.

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Item 9.1 Waive Readings. All Readings of ordinances and resolutions, except by title, are waived.

Item 9.2 Approval of the City Council and Local Redevelopment Authority Board Minutes for April 8, 2025.

Item 9.3 Resolution 2025-023 Accepting the Public Improvements from D.R. Horton CA3, Inc. for Bruin Heights Subdivision
Item 9.4 Resolution 2025-024 Authorizing the City Manager to enter into an Agreement Consenting to Common Use between the City of Riverbank and Modesto Irrigation District (MID)
Item 9.5 Resolution 2025-025 Authorizing the Submittal of an Application to the San Joaquin Valley Air Pollution Control District for the Clean Alternatives to Fireworks Pilot Incentive Program and Authorizing the Parks and Recreation Director to Implement the Program
There being no public comments, Mayor Hernandez brought the item back to City Council.

ACTION: By motion moved and seconded (Uribe / Call 5/0) to approve Consent Calendar as presented.

Motion carried by unanimous City Council and LRA Board roll call vote:

AYES: Uribe, Fosi, Pimentel, Call, and Mayor Hernandez
NAYS: None / ABSENT: None / ABSTAINED: None

10. PUBLIC HEARING- No Items Scheduled.

11. UNFINISHED BUSINESS
Item 11.1 Consideration of a Fee Waiver Request and Permanent Local Housing Allocation Plan Amendment Request by Central Valley Community Resources, Inc. for the Riverbank Residential Home Village ProjectIt is recommended that the City Council consider the Fee Waiver Request and Permanent Local Housing Allocation Plan Amendment Request submitted by Central Valley Community Resources, Inc. for the Riverbank Residential Home Village Project. Should Council be open to the request, Council can adopt the proposed Resolution.

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City Manager Garcia and representatives from Central Valley Community Resources, Inc. gave a comprehensive report and PowerPoint presentation on the Fee Waiver Request and Permanent Local Housing Allocation Plan Amendment Request submitted by Central Valley Community Resources, Inc. for the Riverbank Residential Home Village Project.

City Council discussed item with staff.

Maricris Garaza, Riverbank resident to express her appreciation towards Council for listening to the community.

Jag Sandhu, Riverbank resident to express his appreciation towards Council for listening to the community.

Brad Hawn, Engineer with CHG Structural to provide clarification regarding the fee waiver.

Michael Christie, Riverbank resident to express opposition towards fee waiver.

Sue Barnes, submitted written comment (as attached).

Rosaline Chandra, Riverbank resident to express opposition towards fee waiver.

Olivia Arambula, Riverbank resident to express her support towards fee waiver.

Wendy Victoria, submitted written comment (as attached).

Sal Galvan, submitted written comment (as attached).

Pam Esparza, Riverbank resident to express her support towards fee waiver.

Katrina Kocheri, submitted written comment (as attached).

Evelyn Halbert, Riverbank resident to seek clarification regarding fee waiver.

Kiran Sahota submitted written comment (as attached).

Aileen Tsan, submitted written comment (as attached).

There being no public comments, Mayor Hernandez brought the item back to City Council.

ACTION: By motion moved and seconded (Uribe / Call 5/0) to deny the fee waiver.

Request and Permanent Local Housing Allocation Plan Amendment Request by Central Valley Community Resources, Inc. for the Riverbank Residential Home Village Project.

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Motion carried by unanimous City Council and LRA Board roll call vote:

NAYS: Uribe, Fosi, Pimentel, Call, and Mayor Hernandez
AYES: None / ABSENT: None / ABSTAINED: None
Mayor Hernandez called for a Brief Recess at 8:50 P.M.

Mayor Hernandez called the meeting back to order from recess at 8:55 P.M.

12. NEW BUSINESS
Item 12.1 A Resolution of Concurrence and Support for the Approval of adopting in Concurrence with the Stanislaus Urban County and Stanislaus HOME Consortium Fiscal Year (FY) 2025-2026 Annual Action Plan and the Consolidated Plan for Fiscal Years 2025-2029 and Support of Submission to the U.S. Department of Housing and Urban Development (HUD)- It is recommended that the City Council open the Community Meeting, accept Public Comment, and consider adopting a Resolution of Concurrence with Stanislaus Urban County and the Stanislaus HOME Consortium Fiscal Year (FY) 2025-2026 Annual Action Plan and Consolidated Plan for Fiscal Years 2025-2029 and support of submission to the HUD.

Housing Specialist Ibanez, gave a PowerPoint presentation for the Community Metting on the Stanislaus Urban County and Stanislaus HOME Consortium Fiscal Year (FY) 2025-2026 Annual Action Plan and the Consolidated Plan for Fiscal Years 2025-2029 and Support of Submission to the U.S. Department of Housing and Urban Development (HUD)
City Council discussed item with staff.

There being no public comments, Mayor Hernandez brought the item back to City Council.

ACTION: By motion moved and seconded (Uribe / Call 5/0) to approve Resolution 2025-026 of Concurrence and Support for the Approval of Adopting in Concurrence with Stanislaus HOME Consortium Fiscal Year 2025-2026 Annual Action Plan and Consolidated Plan for Fiscal Years 2025-2029 and Support of Submission to the U.S. Department of Housing and Urban Development.

Motion carried by unanimous City Council and LRA Board roll call vote:

AYES: Uribe, Fosi, Pimentel, Call, and Mayor Hernandez
NAYS: None / ABSENT: None / ABSTAINED: None
Item 12.2 Resolution to Consider a Proposed Alternative Financing District to the City’s CFD 2016-1 for the Mixed Use (MU-1) Portion of the Crossroads West Specific Plan and, if Approved, Authorizing the City

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Manager and City Attorney to Finalize the Proposed Operating Memorandum #2-City Council to consider a Resolution on the proposed alternative financing district for the MU-1 Portion of the Crossroads West Specific Plan and authorize the City Manager and City Attorney to finalize the draft Operating Memorandum #2
City Manager Garcia gave a comprehensive report and PowerPoint presentation on the proposed Alternative Financing District to the City’s CFD 2016-1 for the Mixed-Use portion of Crossroads West Specific Plan.

Darryl Browman, with Browman Development Co. to provide information and clarification to Item 12.2.

City Council discussed item with staff.

Olivia Arambula, Riverbank resident to express her support of the project.

Evelyn Halbert, Riverbank resident to seek clarification on Item 12.2.

There being no public comments, Mayor Hernandez brought the item back to City Council.

ACTION: By motion moved and seconded (Fosi / Hernandez 5/0) to approve Resolution 2025-027 Authorizing the City Mager to finalize the proposed Operating Memorandum #2 of the Crossroads West Specific Plan.

Motion carried by unanimous City Council and LRA Board roll call vote:

AYES: Uribe, Fosi, Pimentel, Call, and Mayor Hernandez
NAYS: None / ABSENT: None / ABSTAINED: None

13. COMMENTS/REPORTS
A brief report on notable attendance of a meeting or conference or other notable topics of City business shall be made.

The Brown Act does not allow for discussion or action of items by the City Council/LRA Board during this time.

Item 13.1 Staff
City Manager Garcia:
• Join us this Saturday from 11:00 a.m. to 8:00 p.m. in Downtown Riverbank for the Somar Cultural Musical Festival. It will be the first year that it's located here in the City of Riverbank, but the fourth year that it has been in existence, there'll be live entertainment, a car show, many vendors and a kid’s corner, and the event is free to the public. So that is here in Downtown Riverbank off of Santa Fe and Third Street.
• Food Court Fridays will begin next Friday, May 2nd at the Sports Complex from 6:00 p.m. to 9:00 p.m. We have over 35 different cuisines and yummy treats that will be available every Friday throughout the month of May. Stop on by for some great food and some great times.

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• A special thank you to the Riverbank Chamber of Commerce and their partners for hosting an awesome Easter Egg Hunt event this past Saturday. Hundreds from the community were in attendance, enjoying the festivities, vendors, music, and great vibes. Thank you for your planning, your execution, and care for making riverbank a better place to be.

Item 13.2 Council/Authority Member
Councilmember Uribe:
• I did kind of share some of my comments already. So, I'll just give a quick shout out to the Chamber a great job hosting the event. A huge turnout, very successful. Parks and Rec give a shout out to Arizona. He did amazing. He rocked it. So, appreciate that.
• I did mention Sierra House the Restart Program. Our three graduates, David, John and Sebastian, they've completed this step in their journey and they are kind of moving on to the next step. What I didn't mention is me and Councilmember Call were able to successfully advocate for a Nonprofit Award, Nonprofit of the Year Award through Senator Marie Alvarado-Gil. We are glad to announce that it's going to be Cambridge Academies, the program that is running Restart Program. So, looking forward to that celebration and recognition. And I know Councilmember Call is excited to kind of brag at SHA. So, looking forward to that.

Councilmember Pimentel:
• I also want to thank Olivia for inviting me on Saturday to the Easter egg hunt.

Myself, Elizabeth Uribe, and Max we represented Sister Cities in volunteering. It was a great turnout, community event. Thank you to Pastor Elias Cordova of Community Praise Tabernacle for volunteering at the event. • Love Riverbank, April 26th. Thank you, Pastor Randy, for all of your hard work and time that you put into it. It's going to be very successful. There's still time to sign up for Love Riverbank.
• You can follow me on Facebook at John C. Pimentel for upcoming events.

Councilmember Call:
• On 4/9 I went to the Stanislaus Homeless Alliance meeting. Every meeting there is presentations. This particular week, Salvation Army was presenting:

Community Assessment, Response and Engagement. The Care Team and Stanislaus County for the Urban County and Home Consortium Consolidated Plan, which we heard tonight. I just wanted to touch on the Care Team. They are part of Stanislaus County Probation, and they provide community outreach and engagement and case management. They connect our community with resources, mental health assessments. They help them get signed up for voucher programs, EBT, and they do treatment coordination and gather encampment data. On 4/15 they did their last outreach along the Stanislaus River, where there were 11 occupants, and they were able to contact eight of

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them. They were able to provide mental health assessment, food, water and additional service with two occupants who were refusing the services. • I also went to the California Hispanic Chambers Annual Business Policy Summit in Sacramento with Stanislaus Latino Chamber. I was able to gain a lot of insight on the 92 Bills associated with helping to increase affordability in California, and additional Bills to ease the process of permitting to build. Key priorities mentioned at the state level are education, affordability and housing. So, the state and the people representing you hear everyone loud and clear that we need to make everything more affordable, especially housing. And my key takeaways personally are to mobilize, focus and prioritize my goals. • And then my last is based on the tiny home in CVCR proposal. After continuous meetings that we have all had, I feel like the consistent misrepresentations and really the lack of business planning here. Also, to reinforce that we are a community driven Council concern for the overall safety of our community and the lack of transparency. I would like Council support or consideration in rescinding the resolution to be a joint applicant on Home Key Plus application with CVCR.

Vice Mayor Fosi:
• On April 17th, last week, the Mayor, City Manager and Council all attended and accepted an award from Opportunity Stanislaus for the City of Riverbank for the Economic Development Project of the Year. And that was for Crossroads West.

So, it was a great opportunity for us to shine, and we are very thankful for that. It was a fun event.
• May 18th, After Mother's Day breakfast with the Riverbank Historical Society and the Riverbank Federated Women's Group. It's from 9:00 a.m. to 1:00 p.m. at the Community Center. You can get tickets at the Historical Society, you can buy them for me or Parks and Rec does have some tickets. We hope to see you all there.

Item 13.3 Mayor/Chair
Mayor Hernandez:
• We had a monthly meeting with all the Mayors and Riverbank was able to host this month. So, we had Turlock, Oakdale, Hughson, and Ceres Mayor’s come and join us for a meal at Casa Amigos, a new restaurant here. They loved it. So hopefully they'll be visiting Riverbank more often.
• Among some other things I attended, Stan Cog as the representing member for our City, and we went over things like the Federal Legislative Platform specific to our County in transportation needs. And one of the larger items was working through or approving a work plan for this next fiscal year. • We filmed the State of the City Address, so hopefully that will be available online for those who missed it. If you happen to be interested in watching it.

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• So, this week we're looking forward to I believe it's just Councilmember Call and I going to Sacramento for Cal Cities. A Statewide advocacy for some Legislation that affects Cities directly.

14. CLOSED SESSION
The public will have a limit of 3 minutes to comment on Closed Session item(s) as set forth on the agenda prior to the City Council/LRA Board recessing to Closed Session.

Item 14.1 LIABILITY CLAIMS
Pursuant to Government Code § 54961)
Claimant: Nathan Wilson
Agency Claimed Against: City of Riverbank
Item 14.2 CONFERENCE WITH REAL PROPERTY NEGOTIATIORS
Pursuant to Government Code § 54956.8
Property: Morrill Rd. (APN 074-006-023)
Agency Negotiator: Marisela H. Garcia, City Manager
Property Negotiator: MorrillRd, LLC
Under Negotiation: Price, terms of payment, or both
There being no public Comments, Mayor Hernandez moved to Closed Session at 10:13 P.M.

Councilmember Call remained at the dais. Joined closed session at 10:19 P.M.

Council Reconvened from closed session at 10:34 P.M.

15. REPORT FROM CLOSED SESSION
Item 15.1 Report from Closed Session Item 14.1

LIABILITY CLAIMS
(Pursuant to Government Code § 54961)
Claimant: Nathan Wilson
Agency Claimed Against: City of Riverbank
DIRECTION: Direction has been provided to staff.

Item 15.2 Report from Closed Session Item 14.2

CONFERENCE WITH REAL PROPERTY NEGOTIATIORS
Pursuant to Government Code § 54956.8
Property: Morrill Rd. (APN 074-006-023)
Agency Negotiator: Marisela H. Garcia, City Manager
Property Negotiator: MorrillRd, LLC
Under Negotiation: Price, terms of payment, or both

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DIRECTION: Direction has been provided to staff.

16. ADJOURNMENT OF THE REGULAR MEETING
There being no further business, Mayor / Chair Hernandez adjourned the regular meeting at 10:35 P.M.to the next regular scheduled City Council / LRA Meeting of May 13,2025 at 6:00P.M.

ATTEST: (Adopted 05/13/2025) APPROVED:

Gabriela Hernandez, CMC Rachel Hernandez
City Clerk / LRA Recorder Mayor/ Chair

EXHIBIT A

From: Sue Barnes
To: City Clerk
Subject: Public Comment Concerning Agenda Item 11.1
Date: Monday, April 21, 2025 8:27:19 PM
Please read my email concerning Agenda Item 11.1. Public Comment Subject: Opposition to Proposed Tiny Home Project – Please Vote No on Fee Waivers Mayor and Council Members,
My name is Sue Barnes, and I’m writing to express my deep concerns—as well as those of many fellow residents—regarding the proposed tiny home project currently under consideration in Riverbank.

While we support compassionate and effective solutions to homelessness, this specific proposal is not aligned with the needs or capacity of our community. It presents serious concerns in several areas:
• Scale Mismatch:

The project proposes 67 units, potentially housing over 400 individuals. Yet according to the 2024 count, only 28 unhoused individuals reside in Riverbank. This raises the likelihood of bringing in populations from outside the area without adequate local infrastructure or resources.
• Lack of Community Engagement:

The nonprofit leading this effort has declined invitations to meet with residents and failed to attend public events, such as the Parks and Recreation and Chamber of Commerce Egg Hunt.

This avoidance reflects a troubling lack of transparency and community partnership. • Inadequate Planning:

There are no confirmed partnerships with experienced service providers. Supportive services and a community center—vital elements of a successful support model—have been deferred to an undefined “Phase 2.” These services should be in place from the start, not as an afterthought.
• Financial Concerns: The organization has already requested fee waivers from the city.

Based on the incomplete nature of the plan, we believe this will not be the last financial request made—placing a potential long-term burden on the city and taxpayers.

Additionally, it’s important to recognize that Riverbank voters rejected Proposition 1. Pushing this project forward in any form not only dismisses community concerns, but also contradicts the will of the local electorate.

For these reasons, I respectfully urge the Council to vote no on the fee waiver request and reconsider any partnership with CVCR at this time.

We need solutions that are thoughtfully planned, financially sustainable, and developed in true collaboration with the community.

Thank you for your time, service, and commitment to making the best decisions for Riverbank.

EXHIBIT B
From: Lisa Potter
To: City Clerk
Subject: Agenda Item number 11.1 - for fee waiver request Date: Monday, April 21, 2025 8:54:34 PM
Please read this out loud during Agenda Item number 11.1 - for fee waiver request Good evening Mayor and City Council Members,
My name is Lisa and I am in the audience tonight. Thank you for the opportunity to have my voice heard. I’m here to voice my strong opposition to the $2.1 million fee waiver being requested for the CVCR Tiny Home project.

Let’s be clear: this is not a small-scale solution tailored to Riverbank’s needs. According to the 2024 Point-in-Time Count, our city currently has just 28 homeless individuals. Yet this project is proposing 67 units — enough for over 300 residents. That’s more than ten times the number of people we’re aiming to help. We are not addressing homelessness anymore — we’re building a magnet.

By creating this oversized development, we’re not solving a local issue — we’re inviting a regional one. Riverbank risks becoming a destination for people from other cities dealing with far more severe homelessness, mental health, and substance abuse challenges. That may be well-intentioned, but it will overwhelm our services, our schools, our law enforcement, and our community.

This project is being funded and promoted by outside groups, but it’s our city that will bear the long-term consequences. A $2.1 million fee waiver is a significant financial ask — money that could go toward supporting local law enforcement, public safety, infrastructure, or real solutions that directly support Riverbank residents.

We all want to show compassion, but compassion also means creating solutions that are responsible, sustainable, and in proportion to the actual needs of our community.

I urge you — please say no to the fee waiver request. Riverbank’s resources and future should be focused on helping our own, not accommodating a project far beyond what our community needs or asked for.

Thank you.

EXHIBIT C
From: Kiran Sahota
To: City Clerk
Subject: Public comment- Proposed tiny homes project/ fee waiver Date: Monday, April 21, 2025 10:13:41 PM
Please read out loud at city council meeting.

Dear City Council,
My name is Kiran Sahota and I am a fellow resident of Riverbank. I’m writing to you today to strongly urge you to decline the fee waiver for the tiny homes project proposed by CVCR. Further more, I have many concerns regarding this project and the non profit behind it.

In my career as a registered nurse, I see patients with mental health/ behavioral issues as well as substance abuse disorders on a daily bases. I also have seen many who have been faced with these challenges, grown and over come them, but then relapse. It takes a team of doctors, nurses, and pharmacists to help treat these individuals especially when some are having depressive/manic episodes as well as withdrawal symptoms. This project will not have these types of licensed professionals onsite. Providing a roof over their heads does not solve the underlying problems these individuals are facing. Congregating single mothers with children, people with substance abuse pasts, veterans with PTSD, and foster youth aging out of the system is a terrible melting pot, waiting for problems to happen. No amount of security, gating, and video surveillance will keep these individuals let alone the community feel safe.

This project has not been transparent in its goals. It started off as temporary transitional housing but now has evolved into something completely different and no official public knowledge has been given by this nonprofit to inform residents. The only attempt this nonprofit took was from a Facebook post 1 week ago and even then, the information provided was very vague. This nonprofit is not putting Riverbank citizens first. They were given the opportunity to meet with fellow concerned citizens with council member Uribe to help facilitate discussion for this project; however they declined.

With how much of this project has already changed since January… it’s important to note that the financial need for this project will also continue to change. Today they are asking to waive 2.1 million dollars in city fees. Tomorrow it will be something else. This project will be for all of Stanislaus county. By you waiving these fees, you are directly taking funding away from those in need in our city. Individuals who do not meet the mental health/ substance abuse/ foster youth requirement will be left out of this project and continue to face homelessness. This project sounds good on paper, but the people behind it are not looking out for our residents.

I understand the focus is on helping those who are not in a position to afford housing without assistance; however, it is equally as important to support those who are the backbone of the city. Without financially stable tax payers, these types of projects are not sustainable. Riverbank is a growing city. There is a lot that our own citizens still need.

There are limited resources for those who choose to pay money to live here. It’s not fair to disregard our needs to meet the needs of such a large project like this. This nonprofit is ready to open this proposal to all of Stanislaus county due to the fact that Riverbank alone simply does not have a need for 67 tiny homes. Before we take on a county wide problem, wouldn’t it be wiser to focus on our own city and our own problems?

EXHIBIT D
From: Katrina Kocheri
To: City Clerk
Subject: City council agenda 11.1 speech 4/22
Date: Tuesday, April 22, 2025 8:25:13 AM
Hello, Please read this out loud during Agenda Item number 11.1 - “Consideration of fee waiver request…”
Dear Council Members,
My name is Katrina, I am physically here with my community but ask that this message be read. I am writing to express my strong opposition to the proposed tiny home project for Proposition One individuals, as well as to urge you to deny the $2.1 million fee waiver request associated with it. I speak not only for myself, but on behalf of hundreds of concerned Riverbank residents who have come together to oppose this project.

Initially, we gathered wet signatures, but once the word spread through social media, the response was overwhelming. We quickly transitioned to an online petition, and in just three days of digital collection, we received several hundred signatures—a clear reflection of the deep concern within our community.

This project was originally introduced as housing for foster youth aging out of the system—a cause that many residents were willing to support and which was approved by council. However, it has now shifted to serving individuals under Proposition One funding, which includes those with severe mental illness and substance abuse challenges. This is a significant—and troubling—change. It was not communicated transparently, and residents feel misled. This bait-and-switch approach undermines public trust and calls the integrity of the project into question.

While some individuals placed in this housing may be on the path to recovery, others may still be actively struggling. Relapses are a reality. Without proper structure, oversight, and resources in place, this could pose risks to both the individuals being housed and the surrounding community. Public safety and community stability must remain a top priority.

EXHIBIT E
With a degree in Business Finance and over 20 years of experience in accounting, I took the time to review CVCR’s publicly available financial records. What I discovered is deeply troubling:

CVCR has operated on an annual budget of around $400,000.

They have run a deficit in four of the last five years.

Their track record shows poor financial planning and a lack of fiscal discipline.

How can we trust an organization that has struggled to manage a modest budget to suddenly take on a $20 million+ project? What happens when inevitable cost overruns or delays arise? Will they turn to the city for additional taxpayer dollars? Will corners be cut as funds dwindle? And if the operation ultimately fails, will they simply walk away, leaving Riverbank with a poorly maintained, potentially hazardous site and a damaged reputation?
This is not just a financial issue—it’s a matter of accountability and trust.

Approving this waiver would send a dangerous message: that repeated financial mismanagement is not only tolerated—but rewarded. Without a strong, proven financial plan, it’s not a question of if CVCR will return asking for more public money—it’s when.

Adding to the concern is CVCR’s failure to engage with the community.

Despite multiple requests from residents—and encouragement from this very Council—they have refused to meet with us or hold public forums.

That kind of avoidance is unacceptable. Again, it shows a lack of transparency, a lack of respect, and a lack of readiness to manage a community-integrated project of this scale.

We respectfully urge you to deny the $2.1 million fee waiver request and to protect the integrity of Riverbank’s public funds. This city deserves partnerships built on clear communication, accountability, and financial responsibility—not rushed decisions that jeopardize long-term development goals.

We are counting on you, city council, to reflect the values and concerns of your constituents. Please make the responsible choice and vote no on this waiver.

Thank you.

Sincerely,
Katrina
Riverbank Resident
From: Aileen Tsan
To: City Clerk
Subject: Opposition to Fee Waiver for Tiny Home Project Under Proposition 1 Funding Date: Tuesday, April 22, 2025 9:20:59 AM
Please read this aloud during Agenda Item number 11.1 - waiver request Dear Council Members,
I am writing to express my strong opposition to the proposed waiver of development fees for the tiny home project funded under Proposition 1. As a medical professional who has worked closely with the population targeted by this initiative—specifically individuals facing chronic homelessness, substance abuse disorders, and severe mental illness—I have a deep understanding of the complexities and risks involved.

Proposition 1 was initially presented to the public as a bold step toward resolving California’s homelessness crisis by repurposing billions in previously approved bond funding, including funds from the Mental Health Services Act (MHSA). However, despite these efforts, data show that the state has struggled to demonstrate measurable progress. According to the nonpartisan Legislative Analyst’s Office, California has spent over $20 billion on homelessness from 2018 to 2023, yet the homeless population has continued to rise.

Proposition 1 simply redirects more money into programs that have historically lacked transparency, oversight, and accountability.

Governor Gavin Newsom’s administration has overseen significant investments in homelessness services, yet the outcomes remain deeply concerning. For instance, the State Auditor’s 2023 report highlighted that over $24 billion in state and federal funding for homelessness since 2018 has yielded few trackable results—due to a lack of consistent data collection and follow-up. These failures should prompt hesitation, not further concessions like fee waivers, for high-impact projects with community consequences.

The individuals served under Proposition 1 often struggle with co-occurring disorders, including substance use and untreated mental illness. While I fully support compassionate care and comprehensive treatment, placing high-concentration housing for this demographic into residential neighborhoods—without proper clinical infrastructure and safeguards—poses genuine risks. I have personally witnessed the unpredictable behaviors that arise when care is inadequate, ranging from self-harm and aggression to property damage and community disruption. The proposed tiny home project, without enforced regulation and rigorous medical support, risks replicating these outcomes on a larger scale.

Waiving development fees further burdens the city and its taxpayers while giving carte blanche to projects that have not proven effective. These fees exist for a reason: to ensure due diligence, fund necessary oversight, and uphold standards that protect public health and safety.

Eliminating them undermines the community’s right to evaluate and influence projects that will dramatically alter their environment.

In conclusion, while I fully support evidence-based solutions to homelessness and behavioral health issues, this project—particularly without development fee obligations—is not that. I urge the council to reject the fee waiver and demand greater accountability and planning

EXHIBIT F
before allowing Proposition 1-funded developments to proceed.

Thank you for your consideration.

Sincerely,
Aileen Tsan
Sent from my iPhone
From: VICTORIA, Wendy
To: City Clerk
Subject: NO
Date: Tuesday, April 22, 2025 9:44:34 AM
Attachments: Outlook-CVDHS Emai.png
Please read this during Agenda Item number 11.1
“Consideration of fee waiver request for non profit CVCR” Subject: Vote No on $2.1M Fee Waiver for CVCR Dear Riverbank Council Member's and Mayor,
My name is Wendy.

I am writing to strongly urge you to vote NO on the proposed $2.1 million fee waiver for CVCR.

As a nonprofit seeking a significant public subsidy, CVCR has shown a lack of transparency and respect for our community. They have not done the necessary outreach to inform or involve the public, nor have they made the effort to meet with us directly. These are not minor oversights—they are fundamental failures in accountability and community engagement.

Waiving $2.1 million in fees is not a small gesture. It’s a substantial investment of taxpayer resources. Before considering such a break, the organization should have proven its commitment to partnering with the public and earning our trust. So far, they have done neither.

Rewarding that kind of negligence sets a dangerous precedent. I ask you to hold CVCR to the same standard we would expect of any organization seeking public support: do the work, earn the trust, and show up for the community.

Please vote NO on the fee waiver.

Sincerely,
Wendy Victoria MLS (ASCP)i, SH(ASCP)iCM

EXHIBIT G
From: Sal Galvan
To: City Clerk
Subject: No on fee waiver for tiny homes.

Date: Tuesday, April 22, 2025 12:32:50 PM
Please read this out loud during Agenda Item number 11.1 - CVCR waiver request Dear Councilmembers,
My name is Sal, and I’m here today with a large group of community members who are firmly opposed to this project. We respectfully urge you to vote no on the proposed $2.1 million fee waiver for this tiny home initiative.

As I’ve stated in prior public comments, I have firsthand experience with this kind of project in our community. These developments, while well-intentioned, have historically brought increased crime, safety issues, and instability—especially when serving individuals with complex needs related to severe mental illness and substance abuse, as outlined under Proposition One.

The nonprofit behind this proposal has no proven track record in managing populations with these high levels of need. Handing over the safety and wellbeing of our children, elderly, and broader neighborhood to a small, untested organization is a risk we simply cannot afford.

Beyond safety, there are serious fire risks associated with these types of structures.

Reports from cities like Los Angelesand Oakland have shown that tiny home villages are highly vulnerable to fires, due to the proximity of units, flammable materials, and inconsistent oversight. In LA, a 2022 fire destroyed multiple units in a tiny home village in North Hollywood, displacing residents and endangering first responders. Oakland has seen similar incidents, with inadequate fire prevention protocols leading to entire encampments burning down.

Are we truly prepared for that here? What happens when one small electrical issue turns into a neighborhood-wide disaster? Is our fire department equipped? Are our tax dollars meant to be literally burned?
And let’s be honest—if something goes wrong, the lawsuits will come. The city will be held responsible. This is not just a financial risk; it’s a moral and legal one.

This is not the right project, not the right location, and not the right approach. Please vote no on this tiny home proposal under Proposition One funding.

Thank you for your time and consideration.

Respectfully,
Sal

EXHIBIT H
Central Valley Communi'ly Resources Inc Community Support Form We the undersigned residents and neighbors of Ri
verbank Crossroads, approve and
support the housing project on Morrill Road This project aims to provide much-needed housing and resources for foster youth aging out of care, unhoused families with school-age children, and veterans in need of stable housing.

By signing below, we express our full support for this initiative and encourage local leaders to approve and assist in bringing this development to our community, Name

7. v�
Name

8. 0 kr�St:t' (\tA. c,LtV\, h C\.

Name
Address
Address
Address
Address

EXHIBIT I

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Item 9.3 – CC/LRA – 05/13/2025

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 9.3
SECTION 9: CONSENT CALENDAR
Meeting Date: May 13, 2025
Subject: Resolution to Waive the Rental Fees for the Community Center and the Community Center Gazebo for the Riverbank Historical Society, Mujeres Mexicanas en Accion, and Sullie Entertainment.

From: Marisela H. Garcia, City Manager
Submitted by: Michael Patton, Parks and Recreation Director

RECOMMENDATION
It is recommended that the City Council waive the community center and the community center gazebo rental fees for the Riverbank Historical Society, Mujeres Mexicanas en Accion, and Sullie Entertainment for their annual community events contingent on the following:
● Each organization pays a $500.00 refundable security deposit for the use of the community center and a $100.00 refundable security deposit for the use of the community center gazebo.
● Each organization pays all other fees associated with hosting their event (ABC license, insurance, security, materials, equipment, etc.) ● Each organization agrees to abide by all city facility rental policies and procedures. ● Each organization agrees to abide by all city, state, and federal laws, policies, and guidelines for special events.
● Lists the City of Riverbank as a sponsor on all advertising and marketing material for their event.

SUMMARY
The Parks and Recreation Department has been approached by a variety of local nonprofit groups to utilize the Community Center and Community Center Gazebo for their annual fundraiser events. The groups that have approached the department are: The Riverbank Historical Society, Mujeres Mexicanas en Accion Inc. and Sullie Entertainment Production. The Parks and Recreation Department does not have an approved policy that gives them the authority to waive facility fees and so the department is requesting the City

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Item 9.3 – CC/LRA – 05/13/2025
Council to do so contingent on the organizations providing the City with a refundable security deposit each in the amount of $500.00.

In doing so, the Parks and Recreation Department will be following its normal procedures with rentals, which include administrative efforts to ensure the organization has met all of the requirements to rent the facility, as well as provide staff onsite during the event. These costs are typically covered in the rental fee, however, if waived, the department and the facility would operate at a loss to host the event. The Parks and Recreation Department has held discussions with the City Manager to use funding that was budgeted for the Founders Day Carnival to offset the financial burden of hosting these groups at the proposed facilities.

BACKGROUND
The City of Riverbank has met with the founder of the Mujeres Mexicanas de Accion Inc, the Riverbank Historical Society, and Sullie Entertainment Production to hear requests to use the Community Center and the Community Center Gazebo for fundraiser events. The Historical Society will host their fundraiser on May 18th, Mujeres Mexicanas en Accion Inc will host their event on May 25th, and Sullie Entertainment Production will host their event on June 19th. The Parks and Recreation Department does not have an established policy in place that allows the department to waive facility fees for any group or organization, hence the desire to present this item to the City Council for their consideration.

The City has recently waived the rental fee associated with the City’s facilities and many other local non-profits, even for these three organizations in 2024.

FINANCIAL IMPACT
The financial impact of waiving the rental fee for the three groups would be overhead costs of the group using the facilities incurred onto the Parks and Recreation Department.

After discussions with the City Manager, the Parks and Recreation Department will be using the funds previously allocated for the Founder’s Day Carnival. With the city electing to forgo the carnival event in 2025, the funding budgeted for the carnival will be used to offset parks and recreation costs to waive the requested fees.

STRATEGIC PLAN
According to the City’s Parks and Recreation Master Plan, it states, “when planning programs and services, a department should consider the network of opportunities afforded by other organizations such as nonprofits, schools, other public agencies, and the private sector. Departments should also recognize where gaps in service provision occur and consider how unmet needs can be addressed”. Creating the opportunity for the organization, a nonprofit, to host a community event would fill in ‘gaps’ that the Parks and Recreation department is currently unavailable to fill.

ATTACHMENTS

1. Resolution 2025-XXX

Page 1 of 2 ends

CC/LRA – 05/13/2025
CC Resolution 2025-

CITY OF RIVERBANK
RESOLUTION 2025-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERBANK TO WAIVE

THE FACILITY RENTAL FEES FOR THE COMMUNITY CENTER AND THE

COMMUNITY CENTER GAZEBO FOR THE RIVERBANK HISTORICAL SOCIETY,

MUJERES MEXICANAS EN ACCION, AND SULLIE ENTERTAINMENT

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

WHEREAS, the City of Riverbank values and supports community organizations and events that contribute to the cultural, historical, and social enrichment of the community; and
WHEREAS, the Riverbank Historical Society, Mujeres Mexicanas en Acción, and Sullie Entertainment each host annual events that enhance the vibrancy and inclusivity of the community; and
WHEREAS, these organizations have submitted requests for support from the City to assist in hosting their events at the Riverbank Community Center and Community Center Gazebo; and
WHEREAS, the City Council acknowledges the positive impact of these events and finds it in the public interest to support them through the waiver of applicable rental fees.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Riverbank hereby:

Section 1: Fee Waiver Approval
The City of Riverbank hereby waives the rental fees for the Riverbank Community Center and Community Center Gazebo for the following organizations and their annual events in 2025:

Riverbank Historical Society
Mujeres Mexicanas en Acción
Sullie Entertainment
ATTACHMENT 1

Page 2 of 2 ends

CC/LRA – 05/13/2025
CC Resolution 2025-
The waivers are contingent upon the following conditions:

1. Each organization pays a $500.00 refundable security deposit.

2. Each organization pays all other fees associated with hosting their event (e.g., ABC license, insurance, security, materials, equipment, etc.).

3. Each organization abides by all City facility rental policies and procedures.

4. Each organization abides by all City, State, and Federal laws, policies, and guidelines for special events.

5. Each organization includes the City of Riverbank as a sponsor on all eventrelated advertising and marketing materials.

Section 2: Transfer of Funds
The City Council authorizes the transfer of funds equivalent to the waived rental fees from the fund intended to finance the Founders Day Carnivals to the Miscellaneous Revenues account for Parks and Recreation to offset the financial impact on the Parks and Recreation Department budget.

PASSED AND ADOPTED by the City Council of the City of Riverbank at a regular meeting held on the 13th day of May, 2025; motioned by Councilmember __________, seconded by Councilmember __________, and upon roll call was carried by the following City Council vote of ______:

AYES:

NAYS:

ABSENT:

ABSTAINED:

ATTEST: APPROVED:
________________________________ __________________________ Gabriela Hernandez,CMC Rachel Hernandez
City Clerk Mayor

RIVERBANK CITY COUNCIL/ LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO.9.4
SECTION 9: CONSENT CALENDAR
Meeting Date: May 13, 2025
Subject: Resolution Declaring City-owned Property as Surplus Land in Compliance with the Surplus Land Act.

From: Marisela Garcia, City Manager
Submitted by: Tom Hallinan, City Attorney

RECOMMENDATION
It is recommended that the City Council consider approving the attached resolution declaring the City-owned Eleanor Parcel as “surplus land” in compliance with the Surplus Land Act.

BACKGROUND:

At the February 11, 2025, regular meeting of the Riverbank City Council (“City Council”) the City Council directed staff to begin the process of selling a parcel of land the City of Riverbank (“City”) owns, located at the northwest corner of Eleanor Avenue and Kentucky Avenue, APN 062-024-033 (“Eleanor Parcel”). The Eleanor Parcel was purchased by the City in 2007 in conjunction with Riverbank Oakdale Transit Authority (“ROTA”). The property was intended to operate as a Parks Department storage and ROTA maintenance yard. With the dissolution of ROTA in 2012, the property was never used for City or ROTA purposes and has remained vacant for the duration of the City’s ownership. As an initial step in selling the property, the City must comply with the procedures of the Surplus Land Act (Gov. Code, § 54220 et seq.).

ANALYSIS
The first step in selling the Eleanor Parcel is the City in accordance with the Surplus Land Act is for the City to declare the property as surplus. The attached resolution declares the City-owned Eleanor Parcel as surplus land and directs and authorizes staff to comply with the procedures of the Surplus Land Act, including negotiation with interested purchasers.

The Surplus Land Act intends to prioritize the development of affordable housing and

Page 1 of 2 ends

Item 9.4 – CC/LRA – 05/13/2025

Page 2 of 2 ends

Item 9.4 – CC/LRA – 05/13/2025
open space on the surplus land of public agencies. To accomplish this goal, the Surplus Land Act requires local agencies, prior to selling surplus land, to follow certain procedures so designated entities receive the first opportunity to express interest and negotiate with the local agency. The required procedures involve declaring available parcels as surplus land, sending a notice of availability to the designated entities, and then negotiating in good faith with any entity that expresses interest. After complying with the procedures, and if no deal is reached with a designated entity that expressed interest, then the agency may freely dispose of the land. Declaring the parcels as surplus land does not constitute any agreement to sell the parcel.

The Eleanor Parcel is a ten (10)-acre parcel located in an unincorporated portion of Stanislaus County at the northwest corner of the intersection of Eleanor Avenue and Kentucky Avenue. It is zoned by the County as General Agriculture 10 Acre with a County General Plan designation of Urban Transitory. The City does not have any current interest in the Eleanor Parcel from prospective buyers. The motivation for selling the parcel is based on the City’s lack of use for the land and to generate funding for the City’s Parks and Recreation Department.

ENVIRONMENTAL DETERMINATION:

Not applicable.

FINANCIAL IMPACT:

There is no direct financial impact as a result of declaring the Eleanor Parcel as surplus land. Declaring the parcel as surplus land and following the Surplus Land Act procedures allows the City to sell the parcels in the future. Any proposed sale of the parcel would be referred to the City Council for consideration.

STEPS FOLLOWING APPROVAL:

If the Eleanor Parcel is declared to be surplus land, then staff will follow the required Surplus Land Act procedure and commence negotiations with any interested purchaser.

ATTACHMENTS:

1. Attachment 1 – Resolution 2025- XXX
a. Exhibit A – Map
b. Exhibit B - Draft Notice of Availability

CITY OF RIVERBANK
RESOLUTION 2025-XX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERBANK

DECLARING THE CITY-OWNED PARCEL ON ELEANOR AVENUE AS SURPLUS

LAND PURSUANT TO THE SURPLUS LAND ACT AND AUTHORIZING THE CITY

MANAGER TO CONDUCT NEGOTIATIONS FOR THE DISPOSITION OF THE

SURPLUS PARCEL

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

WHEREAS, the Surplus Land Act (Gov. Code, § 54220 et seq.) (“Act”) establishes procedures a local agency, such as the City of Riverbank (“City”), must follow when an agency disposes of land that it no longer needs; and
WHEREAS, the Act requires that the City provide certain designated entities with the first opportunity to express interest in City-owned surplus land to facilitate use of the land for affordable housing, parks and open spaces, and schools; and WHEREAS, declaration of surplus land does not constitute actual sale of any of the identified parcels; and
WHEREAS, the declaration of surplus land under the Act, followed by the notice of availability, only requires that the City enter into negotiations with interested parties if the City receives a letter of interest; and
WHEREAS, the City owns a ten (10) acre parcel located in an unincorporated area of the County of Stanislaus at the northwest corner of Eleanor Avenue and Kentucky Avenue, APN 062-024-033 (“Eleanor Parcel”), as further described in the map attached hereto as Exhibit A; and
WHEREAS, the Eleanor Parcel is vacant and not currently being used by the City; and
WHEREAS, City staff has determined that the Eleanor Parcel is not suitable for the City’s use; and
WHEREAS, the City desires to declare that the Eleanor Parcel is surplus land and is not necessary for the City use.

ATTACHMENT 1
4937-6967-1473, v. 2
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Riverbank as follows:

Section 1. The above recitals are true and correct and are incorporated herein.

Section 2. The City Council hereby declares that the Eleanor Parcel is surplus property and not necessary for the City’s use.

Section 3. The City Manager or her designee is hereby directed to send a written notice of availability in a form substantially similar to Exhibit B, attached hereto, to the entities designated in Government Code section 54222, to negotiate the terms of any proposed sale, and to otherwise take any and all necessary actions to meet the requirements of the Surplus Land Act to dispose of the Eleanor Parcel.

PASSED AND ADOPTED by the City Council of the City of Riverbank at a regular meeting held on the 13th day of May, 2025; motioned by Councilmember , seconded by Councilmember , and upon roll call was carried by the following City AYES:

NAYS:

ABSENT:

ABSTAIN:

ATTEST: APPROVED:
________________________________ __________________________ Gabriela Hernandez,CMC Rachel Hernandez
City Clerk Mayor

Attachments: Exhibit A: Site Map
Exhibit B: Notice of Availability
4937-6967-1473, v. 2

EXHIBIT A
Site Map
May XX, 2025
To All Interested Parties:

RE: Notice of Availability/Offer to Sell Surplus Property As required by Government Code Section 54220 of the State of California, the City of Riverbank (“City”) is providing notification that the City intends to sell the surplus property listed in the accompanying table.

In accordance with Government Code Section 54222, you have sixty (60) days from the date this offer was sent via certified mail or electronic mail to notify the City of your interest in acquiring the property. However, this offer shall not obligate the City to sell the property to you. Instead, the City would enter into at least ninety (90) days of negotiations with you pursuant to Government Code Section 54223. If no agreement is reached on sales price and terms, the City may market the property to the general public.

As required by Government Code Section 54227, if the City receives more than one letter of interest during this sixty (60) day period, it will give first priority to entities proposing to develop housing where at least twenty five percent (25%) of the units will be affordable to lower income households. If more than one such proposal is received, priority will be given to the proposal with the greatest number of affordable units. If more than one proposal specifies the same number of affordable units, priority will be given to the proposal that has the lowest average affordability level.

In the event your agency or company is interested in purchasing the property, you must notify the City in writing within sixty (60) days of the date this notice was sent via certified mail or electronic mail. Notice of your interest in acquiring the property shall be delivered to STAFF CONTACT AND TITLE, at ADDRESS. You may also direct your questions to EMAIL ADDRESS or by calling PHONE NUMBER.

Entities proposing to submit a letter of interest are advised to review the requirements set forth in the Surplus Land Act (Government Code Section 54220-54234).

Attachments:

1. Notice of Availability Table

2. Site Map

EXHIBIT B
Attachment 1
Notice of Availability Table
Jurisdiction
Name
Jurisdiction
type
Site
Address/Intersection
Assessor
Parcel
Number
(APN)
Size Zoning General Plan
Designation
Density
Allowed
Current
Use
Minimum
Sales Price
City of
Riverbank
Municipality Northwest corner of
Eleanor Avenue and
Kentucky Avenue,
California, 95357
062-024-
033
10 Acres
General AG
10 Acre UT
(General
Agriculture
10 Acre)
(County)
Urban
Transition
(County)
Vacant Fair
Market
Value
4936-9620-5873, v. 3
Attachment 2
Site Map
Agencies to Receive Notice of Availability of Eleanor Parcel Surplus Land All notices must be sent by e-mail or certified mail and include the location and description of the property (Gov. Code section 54222(a)(2).) Notice of Availability guidance can be found on page 23 of the 2024 Surplus Land Act Guidelines. Listed below are examples of the agencies that should receive notification under the requirements of Government Code section 54222.

Agencies to notify for housing (Gov Code § 54222(a)):

1. HCD through the Surplus Land Portal.

2. The County of Stanislaus – the county serves as its own redevelopment agency

3. The Stanislaus Regional Housing Authority

4. Surplus Land Act Developer List.
a. Email Sponsors with email addresses
b. Mail to Sponsors without email address
Agencies to be notified for open space (Gov Code § 54222(b)):

1. The County of Stanislaus Parks and Recreation Department

2. State Natural Resources Agency
School Districts to be notified (Gov Code § 54222(c)):

1. Riverbank Unified School District
Transportation Authority to be notified (Gov Code § 54222(d)):

1. StanRTA

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Item 10.1– CC/LRA – 05/13/2025

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT AUTHORITY
AGENDA ITEM NO. 10.1
SECTION 10: PUBLIC HEARINGS
Meeting Date: May 13, 2025
Subject: Resolution Authorizing a 2.3% Inflationary Adjustment Increase to the City of Riverbank System Development Fees Based on the Construction Cost Index to be effective May 15, 2025.

From: Marisela H. Garcia, City Manager
Submitted by: Tammy Alcantor, Assistant City Manager/Administrative Services Director

RECOMMENDATION
It is recommended that the City Council consider adopting a resolution authorizing a 2.3% Inflationary Adjustment increase to the City of Riverbank System Development Fees (also known as Development Impact Fees) based on the Construction Cost Index.

SUMMARY
Resolution 2015-021 adopted on March 24, 2015, authorizes the City to review the Construction Cost Index by City (as published monthly in the Engineering News Records), and may increase System Development Fees by the same percentage of increase in said index.

System Development Fees were last increased in 2024, we believe it is prudent to present a fee increase based on the aforementioned Index.

BACKGROUND
The purpose of a System Development Fee is to provide a rational and equitable basis for the expansion of capital facilities to accommodate the impacts created by new development. For many years, traditional sources of infrastructure funding have been inadequate to maintain the existing systems, leaving no revenue available to expand the system to meet growing needs. Development fees provide a mechanism where new development cumulatively mitigates their total impact on the city’s systems on a proportionate basis to their individual impact by paying fees to expand the systems based on the relative size of the development.

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Item 10.1– CC/LRA – 05/13/2025
In 2015 City staff, with the assistance of the AECOM consulting group, underwent a significant update to the previously adopted 2005 System Development Fees. This update resulted in a fee program that reflected community infrastructure needs for the planned growth delineated in the 2005-2025 General Plan.

Because the fees are established in order to address future infrastructure needs, staff wanted to ensure that the City Council would have the ability to apply a cost inflation factor in order to address future construction cost increases. Resolution 2015-021 allows the City to propose a fee increase based on the “Construction Cost Index by City” published monthly in the Engineering News Record (see Exhibit A). Based on the San Francisco and Los Angeles ENR Cost Index for 2024, staff is proposing a 2.3% increase in all System Development Fees.

The proposed fee levels are as follows:
2025 PROPOSED FEE LEVELS

SYSTEM DEVELOPMENT FEES
TO BE EFFECTIVE MAY 15, 2025

STRATEGIC PLAN
This is directly related to the City’s Strategic Plan Goals to Achieve and Maintain Financial Stability and Sustainability and Maintain and Improve the City’s Infrastructure and Service Delivery Systems.

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Item 10.1– CC/LRA – 05/13/2025

FINANCIAL IMPACT
There is no negative financial impact associated with the application of the inflationary adjustment increase.

ATTACHMENT

1. ENR’s Cost Indexes

2. Resolution 2025-XXX
Exhibit A: Proposed 2025 System Development Fees
ATTACHMENT 1

Page 1 of 3 ends

CC/LRA – 05/13/25
CC Resolution 2025-

CITY OF RIVERBANK
RESOLUTION 2025 - XXX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERBANK, CALIFORNIA, AUTHORIZING A 2.3% INFLATIONARY ADJUSTMENT INCREASE

TO THE CITY OF RIVERBANK SYSTEM DEVELOPMENT FEES BASED ON THE CONSTRUCTION COST INDEX TO BE EFFECTIVE MAY 15, 2025.

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 adopted Resolution 2015- 021 on March 24, 2015 which established revised System Development Fees; and WHEREAS, Section 5 of Resolution 2015-021 authorizes the City to review and recommend an increase to the System Development Fees based on the Construction Cost Index by City (as published monthly in the Engineering News Records) as of January 1 of each year; and
WHEREAS, in order to ensure that the fee program accurately reflects the rising costs of construction it is prudent to recommend an increase to the 2024 System Development Fees; and
WHEREAS, the January 2025 Construction Cost Index by City for San Francisco and Los Angeles was determined to be 2.3%; and
WHEREAS, a 2.3% cost inflation factor has been used in order to determine the proposed 2025 System Development Fees.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Riverbank authorizes a 2.3% Inflationary Adjustment Increase to the 2024 System Development Fees as presented in Exhibit A.

PASSED AND ADOPTED by the City Council of the City of Riverbank at a regular meeting held on the 13
th day of May, 2025; motioned by Councilmember ,
seconded by Councilmember , and upon roll call was carried by the following City Council vote of :

AYES:

NAYS:

ATTACHMENT 2

Page 2 of 3 ends

CC/LRA – 05/13/25
CC Resolution 2025-
ABSENT:

ABSTAINED:

ATTEST: APPROVED:
________________________________ __________________________ Gabriela Hernandez,CMC Rachel Hernandez
City Clerk Mayor
Attachment: Exhibit A: 2025 System Development Fees

Page 3 of 3 ends

CC/LRA – 05/13/25
CC Resolution 2025-

EXHIBIT A
2025 PROPOSED FEE LEVELS

SYSTEM DEVELOPMENT FEES
EFFECTIVE MAY 15, 2025

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Item 12.1 – CC/LRA 05/13/2025

RIVERBANK CITY COUNCIL / LOCAL REDEVELOPMENT
AUTHORITY AGENDA ITEM NO. 11.1
SECTION 11: NEW BUSINESS
Meeting Date: May 13, 2025
Subject: Resolution Accepting the Annual Financial Report for Fiscal Year 2023-2024
From: Marisela H. Garcia, City Manager
Submitted by: Tammy Alcantor, Assistant City Manager

RECOMMENDATION
It is recommended that the City Council consider adopting a Resolution accepting the Annual Financial Report for Fiscal Year 2023-2024.

SUMMARY
Cities are required to conduct an annual financial audit by an independent accounting firm. Gallagher Gatewood has now completed the audit for Fiscal Year 2023-2024, which is being presented to the City Council for acceptance.

BACKGROUND
The Government Auditing Standards, issued by the Comptroller General of the United States, mandate that all local government entities, including special districts, undergo an annual financial audit. The purpose of this audit is to provide reasonable assurance that the financial statements are free from material misstatements. Auditors perform procedures to gather evidence supporting the accuracy of the amounts and disclosures in these statements. As part of the process, the audit firm evaluates the risk of material misstatements, whether due to fraud or error. Additionally, auditors assess whether the City has adequate internal controls in place to prevent fraud and minimize the risk of errors in financial records.

The City received an Unqualified Opinion for Fiscal Year 2023-2024, indicating that the auditors concluded the City complied with all applicable accounting standards and that its financial reports accurately reflect its financial condition.

The Annual Financial Report begins with a Management Discussion & Analysis (MD&A) prepared by City staff, which highlights key details within the financial statements. This section provides the general public with an overview of the City’s financial position, including factors that influenced changes, whether positive or negative.

The Governmental Accounting Standards Board (GASB), which establishes accounting standards for government entities, requires financial statements to be presented in two formats:

1. Government-Wide Financial Statements – These provide a broad overview of the City’s overall financial status, similar to reports issued by private-sector entities.

2. Fund Financial Statements – These focus on the City’s most significant funds, offering a more detailed financial perspective rather than a citywide view.

To assess the City’s financial health, the Statement of Net Position (a government-wide financial statement found on page 13 of the report) serves as a key indicator of whether the City’s financial position is improving or declining. This statement is divided into two categories:
• Governmental Activities – Includes services such as police, public works, community development, grants, special programs, and general government.

These activities are primarily funded by taxes and intergovernmental revenues, including sales tax, property tax, vehicle license fees, user fees, franchise fees, and federal/state grants.
• Proprietary Activities – Covers the City’s water and sewer systems, as well as the Community Center and LRA. These services are funded through fees and rents charged to customers.

Under the Fund Financial Statements, major funds are categorized by specific activities, while all other funds are grouped under "Other Funds." Page 16 of the report details the City’s major fund groups, including the General Fund, CDBG (Federal & State Grants), Successor RDA LMI Housing, and System Development Fees.

As part of this structure, major funds are consolidated under a single heading. For example, the General Fund includes:
• Fund 101 (General Fund)
• Fund 201 (Benefit Liabilities Fund)
• Fund 119 (Fleet Services)
• Fund 134 (Recreation Fund)
This structured approach provides clarity in evaluating the City’s financial status and ensures transparency in financial reporting.

FY 2023-24 OVERALL NET POSITION
Overall, the City's Net Position increased by 5.1% during the 2023-2024 fiscal year.

Revenues for the City's Governmental and Proprietary Funds exceeded expenditures by $6,688,974, reflecting a 1.68% decrease compared to the previous fiscal year.

The City's General Fund "unassigned" balance declined by $711,160 (6.22%). While revenues grew by 12.88%, expenditures rose by 20.3%, driven in part by one-time costs.

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Item 11.1 – CC/LRA 05/13/2025

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Item 11.1 – CC/LRA 05/13/2025
These included a large settlement payment related to a legal case and increased contract planning services for plan check services and the Housing Element.

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. Resolution 2025-

2. Annual Financial Report Year Ended June 30, 2024

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CC/LRA – 05/13/2025
CC Resolution 2025-

CITY OF RIVERBANK
RESOLUTION 2025-

A RESOLUTION OF THE CITY COUNCIL

OF THE CITY OF RIVERBANK, CALIFORNIA

ACCEPTING THE ANNUAL FINANCIAL REPORT FOR
FISCAL YEAR 2023-2024

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 audit of Fiscal Year 2023-2024; and
WHEREAS, Clendenin Bird & Company has issued an Unqualified Opinion for Fiscal Year 2023-2024 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 Report for Fiscal Year 2023-2024.

PASSED AND ADOPTED by the City Council of the City of Riverbank at a regular meeting held on the 13th day of May 2025; motioned by Councilmember __________, seconded by Councilmember __________, and upon roll call was carried by the following City Council vote of ______:

AYES:

NAYS:

ABSENT:

ATTACHMENT 1

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CC/LRA – 05/13/2025
CC Resolution 2025-
ABSTAINED:

Attest: Approved:
________________________________ __________________________ Gabriela Hernandez, CMC Rachel Hernandez
City Clerk Mayor
Attachment: Annual Financial Report Year Ended June 30, 2024

CITY OF RIVERBANK

ANNUAL FINANCIAL REPORT
YEAR ENDED JUNE 30, 2024
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 68-72

OTHER REPORTS
Schedule Of Federal Expenditures 73
Schedule Of Findings And Questioned Costs 74
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 75-76
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 OMB Circular A-133. 77-78 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 79

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, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

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, 2024, 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
January 17, 2025

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2024
(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 ending June 30, 2023. The City’s financial statements for the fiscal year ending June 30, 2023, are presented per 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 $94,944,670. Of this amount, $4,914,614 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 $43,191,607. Of this amount, $18,883,135 was unrestricted.
 Governmental revenues exceeded General and program expenses by $2,623,898. City program expenses totaled $21,798,589 for the fiscal year 2023-2024, an increase of 24.4% over the 2022- 23 Fiscal Year. Public Works costs comprised 7,2888,776 or 33% of the total expenses, whereas Public Safety comprised 28% of expenditures.
 In the City’s business-type activities (which include the Water, Sewer, Community Center, and Local Redevelopment Funds), revenues exceeded expenses by $3,494,429.  The City’s General Fund ended the year with a fund balance of $10,714,051. This is a decrease of 6.22% from the year ending June 30, 2023.

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, 2024
(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, 2024
(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 in 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 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, 2024, compared to the City’s net position as of June 30, 2023.

City of Riverbank
Net Position
For the Year Ended June 30, 2024
2024 2023 2024 2023 2024 2023
Assets
Cash and Investments $34,601,776 $32,623,614 $21,175,770 $18,771,207 $55,777,546 $51,394,821 Other Assets 14,961,513 15,284,036 2,985,625 2,458,161 $17,947,138 17,742,197 Capital Assets 59,057,610 55,694,625 30,539,019 29,490,095 $89,596,629 85,184,720 Total Assets 108,620,899 103,602,275 54,700,414 50,719,463 163,321,313 154,321,738 Current Pension Plan Cont. 2,433,961 2,464,611 674,054 682,269 3,108,015 3,146,880 Liabilities
Current Liabilities 7,579,046 5,787,864 2,166,277 1,184,844 9,745,323 6,972,708 Compensated Absences 297,745 300,820 104,921 92,649 402,666 393,469 Net Pension Liability 7,300,420 6,779,573 2,136,282 1,996,704 9,436,702 8,776,277 Long-Term Liabilities 0 0 7,526,404 8,140,984 7,526,404 8,140,984 Total Liabilities 15,177,211 12,868,257 11,933,884 11,415,181 27,111,095 24,283,438 Deferral of Pension Expense 932,978 1,083,692 248,982 289,370 1,181,960 1,373,062 Net Assets
Invested in Capital Assets,
Net of Related Debt 59,057,610 55,694,628 24,308,468 21,349,111 83,366,078 77,043,739 Restricted 30,972,447 30,393,755 0 0 30,972,447 30,393,755 Unrestricted 4,914,614 6,232,389 18,883,135 18,348,067 23,797,749 24,580,456 Total Net Assets $94,944,671 $92,320,772 $43,191,603 $39,697,178 $138,136,274 $132,017,950 Governmental Activities Proprietary Activities Total

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2024
(UNAUDITED)
6 Of the total net position for both the Governmental and Business-type activities, $83,740,613 or 60.62% 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 $30,972,447 or 22.42% of the total. Restricted net positions 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 that may be used to meet the City’s ongoing commitments to citizens and creditors. Government-wide unrestricted net position is $23,423,213 or 16.96% of the total net position.

Changes in Net Position. Total revenues for the year exceeded expenditures by $6,118,327. Below is a table showing the Governmental and Proprietary Activities of the City for the year ending June 30, 2024, as compared to the year ending June 30, 2023.

City of Riverbank
Changes in Net Position
For Year Ended June 30, 2024
2024 2023 2024 2023 2024 2023
Revenues
Program Revenues:

Charges for Services 7,924,807 5,126,585 12,191,436 9,677,204 20,116,243 14,803,789 Operating Grants and Contributions 186,159 331,195 0 0 186,159 331,195 Capital Grants and Contributions 2,419,625 2,877,599 0 0 2,419,625 2,877,599 General Revenues:

Property Tax 4,563,637 4,271,512 0 0 4,563,637 4,271,512 Sales Tax 4,394,802 4,741,568 0 0 4,394,802 4,741,568
Motor Vehicle Tax 30,645 25,429 0 0 30,645 25,429
Franchise Tax 849,748 852,737 0 0 849,748 852,737
Other Taxes 1,527,628 1,303,594 0 0 1,527,628 1,303,594 Investment Earnings 510,527 203,119 168,016 35,436 678,543 238,555 Gain on Disposal of Assets 0 0 0 1,200,000 0 1,200,000
Transfers 2,014,909 1,682,100 (2,003,023) (1,682,097) 11,886 3 Total Revenues 24,422,487 21,415,438 10,356,429 9,230,543 34,778,916 30,645,981 Expenses
General Government 5,571,216 3,453,375 0 0 5,571,216 3,453,375 Public Safety 6,019,313 5,806,703 0 0 6,019,313 5,806,703 Public Works 7,288,776 6,163,353 5,310,282 5,367,277 12,599,058 11,530,630 Community Development 2,106,569 1,526,161 1,349,193 698,650 3,455,762 2,224,811 Culture and Leisure 812,715 578,819 202,525 248,658 1,015,240 827,477 Total Expenses 21,798,589 17,528,411 6,862,000 6,314,585 28,660,589 23,842,996 Increase (Decrease) in Net Assets 2,623,898 3,887,027 3,494,429 2,915,958 6,118,327 6,802,985 Net Assets - Beginning 92,320,768 88,227,904 39,697,182 36,781,224 132,017,950 125,009,128 Prior Period Adjustment 0 205,837 0 0 0 205,837
Net Assets - Ending $94,944,666 $92,320,768 $43,191,611 $39,697,182 $138,136,277 $132,017,950 Governmental Activities Proprietary Activities Total

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2024
(UNAUDITED)
7 Governmental Activities. Total revenues from governmental activities for the year amounted to $24,422,487. Sales and property tax revenues, which represent 36.7% of the total, and saw a decrease of 0.61% compared to the 2022-23 fiscal year. A breakdown of revenues by source for governmental activities is illustrated in the graph below.

Total expenses for governmental activities during the year amounted to $21,798,589. Public Works accounted for 33% of these expenses. A breakdown of expenses by function or program for governmental activities is presented in the graph below.

Business-type Activities

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2024
(UNAUDITED)
8 The City's business-type activities generated $12,191,436 in revenues during the year, reflecting a

25.98% increase compared to Fiscal Year 2022-23. Expenditures totaled $6,862,000, marking an 8.7% increase from the previous fiscal year.

FINANCIAL ANALYSIS OF THE CITY’S FUNDS
As previously noted, the City utilizes fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Governmental Funds Summary
The City’s governmental funds ended the year with a combined fund balance of $41,686,498. The distribution of the total combined fund balance is as follows:
 Non-spendable: >1%
 Restricted: 54%
 Assigned: 22%
 Unassigned: 23%
Major fund changes between June 30, 2023, and June 30, 2024, are highlighted below and detailed in the Statement of Revenues, Expenditures, and Changes in Fund Balances on pages 19-20 of this report.

General Fund
Revenues:

The City’s General Fund revenues increased by 12.88% during the 2023-24 fiscal year due to the following factors:
 Licenses & Permits: Increased 114%
 Property Tax Revenue: Increased by 6.84%
 Sales Tax Revenue: Decreased by (7.31%)
 Fines and Forfeiture Revenues: Increased by 21.85%
 Investment Earnings: Increased by 152.6%, driven by favorable market conditions and rising interest rates.

Expenditures:

General Fund expenditures increased by 20.3% during the 2023-24 fiscal year. Key contributors include:
 General Government: Increased by 75.6%, reflecting higher legal fees and a legal settlement.  Community Development: Increased by 24.2%, attributed to the addition of a Construction Inspector.
 Culture & Leisure: Increased by 16.7% due increase in program supplies, an increase in personnel cost for additional staff.

CDBG Fund
The CDBG Fund experienced increased revenues due to receiving funds for the Castleberg Park Trail.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2024
(UNAUDITED)
9 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 $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.

As of the reporting period, the Successor Agency to the former Riverbank Redevelopment Agency has met all statutory requirements for dissolution pursuant to Health and Safety Code (HSC) Section 34187(b). All enforceable obligations listed on the Recognized Obligation Payment Schedule (ROPS) have been fully paid or retired. All real property assets have been disposed of in accordance with HSC Sections 34181 and 34191.4. Additionally, all outstanding litigation has been resolved, and the Agency has received a Finding of Completion from the California Department of Finance. Dissolution is in its final stages. Any remaining funds currently held will be remitted to the County Auditor-Controller for redistribution to the appropriate taxing entities.

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 totaled $12,892,799, primarily consisting of Sales Tax, Property Taxes, Other Taxes & Franchise Fees, and Service Charges. Net revenues exceeded the budget by $598,549, with the following major contributors:
 Licenses and Permits: Revenues were $227,189 over budget due to an increase in building permit fees from development.
 Other Taxes and Franchise Fees: Revenues exceeded the budget by $135,787, driven by increased franchise fees from Gilton due to rate increases.

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2024
(UNAUDITED)
10  Investment Earnings: Revenues exceeded the budget by $189,927, driven by favorable market conditions and rising interest rates.

The General Fund’s actual ending expenditures were $15,432,851, a 20.3% increase compared to the prior fiscal year. However, expenditures were $1,202,851 below the final budget of $16,635,702.

CAPITAL ASSETS AND DEBT ADMINISTRATION

CAPITAL ASSETS
As of June 30, 2024, the City’s Governmental Funds had $59,057,610 invested in capital assets, while Business-Type Activities accounted for $30,539,019, net of accumulated depreciation. This represents a total investment of $89,962,739 in a diverse range of capital assets, including land, construction in progress, buildings, equipment, and infrastructure (e.g., streets, sidewalks, and storm drains).

City of Riverbank
Capital Assets, Net of Accumulated Depreciation
June 30, 2024
Major Capital Asset Additions (Fiscal Year 2023-2024)
Significant capital asset investments made during the fiscal year include:
 Pavement Restoration Project: $810,612
 Sierra House Remodel: $587,417
 Topeka Street Improvement Project: $428,531
 Roselle Avenue Sidewalk Project: $428,384
 Third Street Parking Construction: $384,916
 Oakdale Roadway Improvements: $370,769
 Sierra House Day Use Facility: $231,507
 Castleberg Park Trail Project: $285,437
 Well #13 Test Well: $236,758

LONG TERM DEBT
At year-end, the City reported the following obligations:

Governmental Activities
Governmental Activities Business-Type Activities Total
Land 4,934,191 $ 2,425,075 $ 7,359,266 $
Construction in Progress 5,497,315 $ 7,602,948 $ 13,100,263 $ Infrastructure 31,515,881 $ - $ 31,515,881 $
Land Improvements 10,601,846 $ - $ 10,601,846 $
Equipment and Vehicles 2,123,769 $ 6,998,554 $ 9,122,323 $ Building and Improvements 4,384,609 $ 13,512,442 $ 17,897,051 $ Total 59,057,611 $ 30,539,019 $ 89,596,630 $

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2024
(UNAUDITED)
11  Compensated Absences: Totaled $297,745, consisting of vacation time and compensatory time off earned by employees but not yet taken. These balances are due and payable to employees upon separation if any unused balance exists.

Business-Type Activities
 Outstanding Long-Term Debt: Totaled $7,631,325 and includes:
o Compensated Absences
o Master Lease Agreement with Wells Fargo for a city-wide water meter upgrade project o Installment Agreement entered into in January 2014 for Wastewater System acquisition and construction of energy-efficient improvements and redemption of 2005 Refunding Revenue Bonds, Series A (Wastewater Project.)
o Installment Agreement entered into in May 2022 for energy efficiency projects related to the Wastewater System
City of Riverbank
Long-Term Debt
June 30, 2024
Governmental
Activities
Business-Type
Activities Total

WWTP Loan (2014) $0 $1,795,553 $1,795,553
WWTP Energy Lease (2022) $0 $3,853,785 $3,853,785
Water – Lease Purchase (2015) $0 $1,295,851 $1,295,851
Water Energy Lease (2022) $0 $ 581,215 $ 581,215
Compensated Absences $297,745 $ 104,921 $ 402,666
Total $297,745 $7,631,325 $7,929,070
The City’s long-term liabilities, excluding compensated absences, are primarily associated with the acquisition, construction, or remodeling of capital assets. These assets are used to provide services to citizens and cannot be repurposed for future spending. The repayment of debt related to these assets must come from other revenue sources, as the capital assets themselves cannot be liquidated to settle these liabilities.

ECONOMIC FACTORS AND NEXT YEAR’S GENERAL FUND BUDGET
Budget Overview: Fiscal Year 2024-2025
Given the economic uncertainty surrounding California’s financial outlook, the City has adopted a conservative approach to revenue projections while maintaining current departmental spending limits.

In preparing the 2024-2025 budget, City Management considered the following factors:

Revenue

CITY OF RIVERBANK
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2024
(UNAUDITED)
12  The City continues to experience growth in new housing developments. As these properties are sold and added to the tax rolls, the total assessed values increase. Since Certified Assessed Values determine Property Taxes, revenue is expected to rise from Property Tax Current Secured & Unsecured and Property Tax in Lieu of VLF.
 Sales tax revenue has shown steady growth over the past three fiscal years. While a slight decline occurred in 2023-24, mirroring statewide trends, an 11% increase is anticipated in 2024-25 due to new retail establishments within the City.
 General Fund revenues are projected to grow by 3% in 2024-25 compared to the previous fiscal year, driven by higher revenues from Building Permits, Sales Tax, and Franchise Fees.

Expenditures
 Overall expenditures for Fiscal Year 2024-25 are projected to decrease by 13%, primarily due to a revised personnel allocation strategy. Employees will now be allocated to each fund based on the percentage of time worked within that fund.
 The City's PERS Unfunded Accrued Liability Costs are expected to rise by 17.31%, bringing the total contribution to approximately $730,807. Of this amount, one-third will be funded directly by the General Fund.

This budget approach ensures financial stability while accommodating growth and addressing key fiscal responsibilities.

The total operational and capital budgeted revenues and expenses for all funds in the 2024-2025 fiscal year are $27,612,729 and $39,088,791, respectively, excluding inter-fund transfers. Structural deficits, where expenditures exceed revenues, are projected in the following funds:
 General Fund
 Gas Tax Fund
 Teen Center Fund
 Measure L Fund
 System Development Funds (Streets/Public Works)
 HCD Funds (Old Program Income, CDBG, HOME, and Cal-Home)  LMI Housing Asset Fund
 Waste Water Capital Improvement Fund
 Water Operating Fund
 Water Capital Improvement Fund
 System Development Water Fund
To address these deficits, the City Council has approved the use of ending reserve balances from the 2023-2024 fiscal year.

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, 6707 Third Street, Riverbank, California 95367.

Governmental Proprietary
Activities Activities 2024 2023
ASSETS
Cash And Investments 34,601,776 21,175,770 55,777,546 51,394,821 Cash With Fiscal Agent 0 0 0 0
Accounts Receivable 2,285,095 2,938,265 5,223,360 4,676,585 Note Receivable 0 0 0 0
Prepaid Expenses 0 6,096 6,096 6,096
Internal Balances 107,128 107,128) ( 0 0
Loans Receivable 12,569,290 0 12,569,290 12,894,226
Capital Assets (Net Of Accumulated
Depreciation):

Land 4,934,191 2,425,076 7,359,267 7,359,266
Land Improvements 10,601,845 0 10,601,845 10,269,594
Construction In Progress 5,497,315 7,602,949 13,100,264 10,812,883 Buildings And Improvements 4,384,609 13,542,359 17,926,968 17,079,043 Equipment And Vehicles 2,123,769 6,968,636 9,092,405 9,195,590 Infrastructure 31,515,880 0 31,515,880 30,468,346
Unamortized Bond Issue Costs 148,392 0 148,392 165,290
Total Assets 54,700,415 108,620,898 163,321,313 154,321,740

DEFERRED OUTFLOWS OF RESOURCES
Current Pension Plan Contribution 674,054 2,433,961 3,108,015 3,146,880

LIABILITIES
Accounts Payable And Other
Current Liabilities 7,579,046 2,166,273 9,745,319 6,972,707 Compensated Absences 297,745 104,921 402,666 393,469
Net Pension Liability 7,300,420 2,136,282 9,436,702 8,776,277 Long-Term Liabilities:

Due Within One Year 0 792,224 792,224 597,459
Due In More Than One Year 6,734,180 0 6,734,180 7,543,525 Total Liabilities 11,933,880 15,177,211 27,111,091 24,283,437

DEFERRED INFLOWS OF RESOURCES
Deferral Of Pension Expense 248,982 932,978 1,181,960 1,167,233

NET POSITION
Invested In Capital Assets
Net Of Related Debt 59,057,609 24,308,468 83,366,077 77,043,739 Restricted For
Capital Projects 14,614,012 0 14,614,012 13,953,645
Community Development Projects 14,465,562 0 14,465,562 14,464,562 Other Purposes 1,892,873 0 1,892,873 1,975,548
Unrestricted 18,883,139 4,914,614 23,797,753 24,580,456 Total Net Postion 43,191,607 94,944,670 138,136,277 132,017,950 Totals

CITY OF RIVERBANK

STATEMENTS OF NET POSITION
JUNE 30, 2024
Primary Government
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
13 CITY OF RIVERBANK

STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2024
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
Functions/Programs Expenses
Primary Government:

Governmental Activities:

General Government 5,571,216
Public Safety 6,019,313
Public Works 7,288,776
Community Development 2,106,569
Culture And Leisure 812,715
Total Governmental Activities 21,798,589
Business-Type Activities
Water Services 2,634,760
Sewer Services 2,675,522
Community Center 202,525
Local Redevelopment Authority 1,349,193
Total Business-Type Activities 6,862,000
Total Primary Government 28,660,589

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 2024 2023 0 1,618,055 0 3,953,161) ( 0 3,953,161) ( 1,981,857) (
186,159 567,293 0 5,265,861) ( 0 5,265,861) ( 5,310,223) ( 0 4,599,325 2,128,353 561,098) ( 0 561,098) ( 1,032,564) ( 0 1,077,712 291,272 737,585) ( 0 737,585) ( 307,923) (
0 62,422 0 750,293) ( 0 750,293) ( 560,465) (
186,159 7,924,807 2,419,625 11,267,998) ( 0 11,267,998) ( 9,193,032) ( 0 4,309,965 0 0 1,675,205 1,675,205 788,860
0 6,622,205 0 0 3,946,683 3,946,683 2,608,333
0 200,919 0 0 1,606) ( 1,606) ( 39,642) (
0 1,058,347 0 0 290,846) ( 290,846) ( 5,068
0 12,191,436 0 0 5,329,436 5,329,436 3,362,619
186,159 20,116,243 2,419,625 11,267,998) ( 5,329,436 5,938,562) ( 5,830,413) ( General Revenues:

Taxes:

Property Tax 4,563,637 0 4,563,637 4,271,512
Sales Tax 4,394,802 0 4,394,802 4,741,568
Motor Vehicle Tax 30,645 0 30,645 25,429
Franchise Tax 849,748 0 849,748 852,737
Other Taxes 0 1,527,628 1,527,628 1,303,594
Investment Earnings 510,527 168,016 678,543 238,555
(Loss) On Disposal of Assets 0 0 0 1,200,000
Transfers 2,014,909 2,003,023) ( 11,886 3
Total General Revenues And Transfers 13,891,896 1,835,007) ( 12,056,889 12,633,398 Change In Net Position 2,623,898 3,494,429 6,118,327 6,802,985 Net Position - Beginning 39,697,174 92,320,772 132,017,946 125,009,128 Prior Period Adjustment 0 0 0 205,833
Net Position - Ending 43,191,603 94,944,670 138,136,273 132,017,946 Program Revenues
Net (Expense) Revenue And
Totals

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
15 WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
System Successor RDA
General CDBG Development LMI Housing
Assets
Cash And Investments 12,138,162 1,866,523 10,285,844 30,300 Accounts Receivable 1,475,269 2,450 16,567 622
Loans Receivable 0 9,369,290 0 3,200,000
Prepaid Expenses 0 0 0 0
Unamortized Bond Issue Costs 0 0 0 0
Due From Other Funds 0 0 107,128 0
Total Assets 11,238,263 13,613,431 10,409,539 3,230,922 Liabilities
Accounts Payable 1,516,981 493 2,378,104 0
Compensated Absences 257,927 3,130 0 0
Bonds Payable 0 0 0 0
Loan Payable 0 0 0 0
Other Liabilities 1,124,472 0 1,725 0
Due To Other Funds 0 0 0 0
Total Liabilities 3,623 2,899,380 2,379,829 0
Fund Balances
Nonspendable 0 0 107,128 0
Restricted 0 11,234,640 7,922,582 3,230,922
Committed 0 0 0 0
Assigned 0 0 0 0
Unassigned 0 10,714,051 0 0
Total Fund Balances 11,234,640 10,714,051 8,029,710 3,230,922 Total Liabilities And Fund Balances 11,238,263 13,613,431 10,409,539 3,230,922

CITY OF RIVERBANK

BALANCE SHEET

GOVERNMENTAL FUNDS
JUNE 30, 2024

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
16 Other
ARPA Funds 2024 2023
8,881,803 1,399,144 32,623,614 34,601,776
790,187 0 2,209,922 2,285,095
0 0 12,894,226 12,569,290
0 0 0 0
0 0 0 0
0 0 107,128 179,888
9,671,990 1,399,144 49,563,289 47,907,650
559,990 342,036 1,800,112 4,797,604
36,688 0 300,820 297,745
0 0 0 0
0 0 0 0
762,282 892,963 3,987,752 2,781,442
0 0 0 0
1,358,960 1,234,999 7,876,791 6,088,684
0 0 107,128 179,888
0 164,145 22,552,289 21,679,028
0 0 0 0
9,274,447 0 9,274,447 9,224,330
961,417) 0 ( 9,752,634 10,735,720
8,313,030 164,145 41,686,498 41,818,966
9,671,990 1,399,144 49,563,289 47,907,650
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, 2024
Total fund balances - governmental funds 41,686,498
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 4,934,191
Land Improvements net of $5,990,256 accumulated depreciation 10,601,845 Construction in progress 5,497,315
Buildings and Improvements, net of $2,865,603 accumulated depreciation 4,384,609 Equipment and Vehicles, net of $5,143,972 accumulated depreciation 2,123,769 Infrastructure net of $50,618,127 accumulated depreciation 31,515,880 Total capital assets 59,057,609
Deferred Outflow of Resources 2,433,961
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 7,300,420) (
Deferred Inflows of Resources ( 932,978)
Total long-term liabilities ( 8,233,398)
Total net position - governmental activities 94,944,670

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
18 STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
System
General CDBG Development
Revenues
Property Tax 4,563,637 0 0
Sales Tax 4,394,802 0 0
Other Tax And Franchises 1,104,787 0 0
Licenses And Permits 853,489 0 0
Fines And Forfeitures 131,002 0 0
Investment Earnings 229,927 127,894 53,304
Intergovernmental 267,088 286,717 0
Impact Fees 0 1,288,321 0
Service Charges And Miscellaneous 1,348,067 242,942 216,275 Total Revenues 12,892,799 296,246 1,919,207
Expenditures
Current
General Government 4,547,189 0 0
Public Safety 5,514,242 0 0
Public Works 3,151,762 0 0
Community Development 1,281,184 0 323,115
Culture And Leisure 698,179 0 0
Capital Outlay 240,295 0 1,164,591
Total Expenditures 15,432,851 323,115 1,164,591
Excess (Deficiency) Of Revenues
Over Expenditures ( 2,540,052) ( 26,869) 754,616
Other Financing Sources (Uses)
Operating Transfers In 11,886 3,314,232 0
Operating Transfers Out ( 1,485,340) 0 ( 119,260)
Total Other Financing Sources (Uses) 1,828,892 11,886 ( 119,260) Net Change In Fund Balances ( 14,983) 711,160) ( 635,356 Fund Balance - Beginning 11,425,211 11,249,623 7,394,354 Fund Balance- Ending 10,714,051 11,234,640 8,029,710

CITY OF RIVERBANK
FOR THE YEAR ENDED JUNE 30, 2024

GOVERNMENTAL FUNDS

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
19 Successor RDA Other
LMI Housing Fund ARPA Funds 2024 2023
0 0 0 4,563,637 4,271,512
0 0 0 4,394,802 4,741,568
0 0 0 1,104,787 1,010,661
0 0 0 853,489 397,697
0 0 0 131,002 107,508
0 3,607 95,795 510,527 203,119
1,734,643 0 3,220,661 5,509,109 6,161,110
0 0 53,300 1,341,621 273,434
12,376 121,158 2,057,786 3,998,604 2,566,729
15,983 1,855,801 5,427,542 22,407,578 19,733,338
26,882 0 885,131 5,459,202 3,612,888
0 0 452,736 5,966,978 5,925,055
0 0 1,258,528 4,410,290 3,864,056
0 0 445,922 2,050,221 1,646,108
0 0 88,948 787,127 631,003
0 1,664,774 2,811,478 5,881,138 5,440,157
0 1,691,656 5,942,743 24,554,956 21,119,267
15,983 164,145 ( 515,201) ( 2,147,378) ( 1,385,929)
0 0 1,182,813 4,508,931 3,892,122
0 0 ( 889,422) ( 2,494,022) ( 2,210,022)
0 0 293,391 2,014,909 1,682,100
164,145 15,983 221,810) ( 132,469) ( 296,171
3,214,939 0 6,752,891 41,819,038 41,522,867
3,230,922 164,145 6,531,081 41,686,569 41,819,038
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, 2024
Net change in fund balances - total governmental funds 132,469) ( 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 capital outlay ($5,497,316) exceeded depreciation ($2,723,987) in the current period. 3,157,151
The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins and contributions) is to increase net assets. 36,904 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. ( 400,784) Changes in net position of governmental activities 2,660,802

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, 2024
Variance
With Final
Budget
Over 2023
Original Final Actual (Under) Actual

REVENUES
Property Tax 4,547,000 4,264,000 4,563,637 16,637 4,271,512 Sales Tax 4,700,000 5,145,000 4,394,802 305,198) ( 4,741,568 Other Tax And Franchise Fees 969,000 864,000 1,104,787 135,787 1,010,661 Licenses And Permits 626,300 441,300 853,489 227,189 397,697 Intergovernmental 245,200 195,200 267,088 21,888 209,052 Fines And Forfeitures 96,000 96,000 131,002 35,002 107,508 Investment Earnings 40,000 40,000 229,927 189,927 91,018 Service Charges And Miscellaneous 566,700 1,070,750 1,348,067 277,317 593,100 Total Revenues 11,612,200 12,294,250 12,892,799 598,549 11,422,116

EXPENDITURES
General Government 4,550,260 3,370,930 4,547,189 3,071) ( 2,589,464 Public Safety 6,253,609 6,253,609 5,514,242 739,367) ( 5,571,147 Public Works 3,431,040 2,940,352 3,151,762 279,278) ( 2,726,917 Community Development 1,623,786 1,402,783 1,281,184 342,602) ( 1,031,620 Recreation And Leisure 777,007 769,220 698,179 78,828) ( 598,123 Capital Outlay 0 0 240,295 240,295 314,969
Total Expenditures 14,736,894 16,635,702 15,432,851 ( 1,202,851) 12,832,240 Excess (Deficiency) Of Revenues
Over Expenditures ( 3,124,694) ( 4,341,452) ( 2,540,052) 1,801,400 ( 1,410,124)

OTHER FINANCING SOURCES (USES)
Transfers In 3,275,648 2,572,228 3,314,232 38,584 3,238,107 Transfers Out 0 ( 1,506,841) ( 1,485,340) 21,501 ( 947,701) Total Other Financing Sources And (Uses) 1,768,807 2,572,228 1,828,892 60,085 2,290,406 Net Change In Fund Balance ( 2,572,645) 552,466) ( 711,160) ( 1,861,485 880,282 Fund Balance - Beginning 11,425,211 11,425,211 11,425,211 0 10,544,929 Fund Balance - Ending 8,852,566 10,872,745 10,714,051 1,861,485 11,425,211 Budgeted Amounts

CITY OF RIVERBANK

GENERAL FUND
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023

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, 2024
Variance
With Final
Budget
Over 2023
Original Final Actual (Under) Actual
General Government
City Council 467,400 516,935 179,189 337,746) ( 182,731 City Manager 369,000 399,000 340,864 ( 58,136) 336,597
Admin Services 902,080 1,009,775 977,107 ( 32,668) 849,523 Finance And Treasurer 1,116,450 1,116,950 1,100,467 ( 16,483) 890,065 City Attorney 516,000 1,516,000 2,064,797 548,797 392,388 Total General Government 4,558,660 3,370,930 4,662,424 103,764 2,651,304 Public Safety
Police 5,858,159 5,858,159 5,261,135 ( 597,024) 5,319,656 Animal Control 395,450 395,450 253,107 142,343) ( 251,491 Total Public Safety 6,253,609 6,253,609 5,514,242 ( 739,367) 5,571,147 Public Works
Building Maintenance 319,900 328,490 334,329 5,839 336,736 Development Services 1,025,100 1,457,972 1,626,385 168,413 1,309,913 Stormwater Maintenance 437,252 463,197 91,876 ( 371,321) 175,383 Parks Maintenance 1,198,181 1,158,100 1,217,291 19,110 1,158,014 Total Public Works 2,940,352 3,447,840 3,269,881 ( 177,959) 2,980,046 Community Development
Planning 661,383 870,586 610,910 ( 259,676) 448,527
Building Department 716,400 730,200 647,215 ( 82,985) 558,093 Economic Development 25,000 25,000 25,000 0 25,000
Engineering 0 0 0 0 0
Total Community Development 1,402,783 1,625,786 1,283,125 ( 342,661) 1,031,620 Recreation And Leisure
Recreation 769,220 777,007 703,179 ( 73,828) 598,123
Total Culture And Leisure 769,220 777,007 703,179 ( 73,828) 598,123 Total General Fund 14,736,894 16,662,902 15,432,851 ( 1,230,051) 12,832,240 Budgeted Amounts

CITY OF RIVERBANK

GENERAL FUND
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023

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, 2024
Variance
With Final
Budget
Over 2023
Original Final Actual (Under) Actual

REVENUES
Interest Income 29,500 29,500 53,304 23,804 72,398
Intergovernmental 0 0 0 0 0
Miscellaneous 47,000 47,000 242,942 195,942 51,904
Total Revenues 76,500 76,500 296,246 219,746 124,302

EXPENDITURES
Salaries And Benefits 199,000 199,000 116,797 82,203) ( 109,287 Supplies And Services 2,227,140 2,227,140 6,437 2,220,703) ( 6,086 Bad Debt 0 0 0 0 0
Capital Outlays 0 110,203 199,881 89,678 82,704
Total Expenditures 2,426,140 2,426,140 323,115 2,213,228) ( 198,077 Excess (Deficiency) Of Revenues
Over Expenditures ( 2,349,640) 2,349,640) ( 26,869) ( 2,432,974 73,775) (

OTHER FINANCING SOURCES (USES)
Transfers In 0 0 11,886 11,886 0
Transfers Out 0 0 0 0 0
Total Other Financing Sources And (Uses) 0 0 11,886 11,886 0 Net Change In Fund Balance ( 2,349,640) 2,349,640) ( 14,983) ( 2,444,860 73,775) ( Fund Balance - Beginning 11,249,623 11,249,623 11,249,623 0 11,323,398 Fund Balance - Ending 8,899,983 8,899,983 11,234,640 2,444,860 11,249,623

CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
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, 2024
Variance
With Final
Budget
Over 2023
Original Final Actual (Under) Actual

REVENUES
Investment Earnings 17,500 17,500 127,894 110,394 12,562 Intergovernmental 0 0 286,717 286,717 259,695
Impact Fees 1,875,000 775,000 1,288,321 586,679) ( 361,328 Service Charges And Miscellaneous 108,000 108,000 216,275 108,275 3,971 Total Revenues 900,500 2,000,500 1,919,207 ( 81,293) 637,556

EXPENDITURES
Salaries And Benefits 0 0 0 0 0
Supplies And Services 14,000 0 0 14,000) ( 3,920
Capital Outlays 3,125,000 3,125,000 1,164,591 ( 1,960,409) 674,681 Total Expenditures 3,125,000 3,139,000 1,164,591 ( 1,974,409) 678,601 Excess (Deficiency) Of Revenues
Over Expenditures (2,224,500) ( 1,138,500) 754,616 1,893,116 ( 41,045)

OTHER FINANCING SOURCES (USES)
Transfers In 73,200 0 0 73,200) ( 0
Transfers Out 0 115,249 ( 119,260) ( 234,509) ( 130,626) Total Other Financing Sources And (Uses) 188,449 0 119,260) ( 307,709) ( ( 130,626) Net Change In Fund Balance ( 950,051) 2,224,500) ( 635,356 1,585,407 171,671) ( Fund Balance - Beginning 7,394,354 7,394,354 7,394,354 0 7,566,025 Fund Balance - Ending 6,444,303 5,169,854 8,029,710 1,585,407 7,394,354

CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
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, 2024
Variance
With Final
Budget
Budgeted Amounts Over 2023
Original Final Actual (Under) Actual

REVENUES
Property Tax 0 0 0 0 0
Investment Earnings 250 250 3,607 3,357 2,289
Intergovernmental 0 0 0 0 0
Service Charges And Miscellaneous 0 0 12,376 12,376 9,579 Total Revenues 250 250 15,983 15,733 11,868

EXPENDITURES
Salaries And Benefits 0 0 0 0 0
Supplies And Services 0 0
Interest 0 0 0 0 0
Capital Outlay 0 0 0 0 0
Total Expenditures 0 0 0 0 0
Excess (Deficiency) Of Revenues
Over Expenditures 250 250 15,983 15,733 11,868

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 250 250 15,983 15,733 11,868 Fund Balance - Beginning 3,214,939 3,214,939 3,214,939 0 3,203,071 Fund Balance - Ending 3,215,189 3,215,189 3,230,922 15,733 3,214,939

CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023

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

Fund Fund Fund Authority 2024 2023
Assets
Cash And Investments 6,575,865 13,954,708 69,874 575,323 18,771,207 21,175,770 Cash With Fiscal Agent 0 0 0 0 0 0
Accounts Receivable 562,564 1,987,584 0 388,117 2,938,265 2,466,663 Notes Receivable 0 0 0 0 0 0
Prepaids 3,048 3,048 0 0 6,096 6,096
Fixed Assets 17,191,779 811,754 20,108,228 3,133,768 41,245,529 40,230,855 Accumulated Depreciation ( 7,841,531) 9,054,521) ( 491,169) ( 922,237) ( 18,309,458) ( 17,113,829) ( Construction In Progress 985,781 6,617,168 0 0 7,602,949 6,373,070 Unamortized Bond Issue Costs 11,617 136,775 0 0 148,392 165,290 Total Assets 17,489,123 33,752,990 3,174,971 390,459 54,807,543 50,899,352

DEFERRED OUTFLOWS OF RESOURCES
Current Pension Plan Contribution 285,047 249,565 4,832 134,610 674,054 682,269 Liabilities
Accounts Payable 461,873 654,711 16,799 853,577 1,053,076 1,986,960 Customer Deposits 159,165 0 10,152 10,000 131,768 179,317 Compensated Absences 57,404 42,351 0 5,166 92,649 104,921 Due to Other Funds 0 107,128 0 0 107,128 179,888
Net Pension Liability 865,909 748,355 5,933 516,085 2,136,282 1,996,704 Loan Payable 1,295,852 5,649,336 0 0 6,945,188 7,559,768 Bond Payable 0 581,216 0 0 581,216 581,216
Total Liabilities 7,201,881 3,421,419 32,884 1,384,828 12,041,012 11,595,069

DEFERRED INFLOWS OF RESOURCES
Deferral Of Pension Expense 99,217 74,854 2,978) ( 77,889 248,982 289,370 Net Position
Invested In Capital Assets,
Net Of Related Debt 9,754,813 12,021,539 320,585 2,211,531 21,349,112 24,308,468 Restricted For Debt Service 0 0 0 0 0 0
Unrestricted 14,704,281 4,498,721 44,800 ( 364,667) 18,883,135 18,348,070 Total Net Position 14,253,534 26,725,820 1,846,864 365,385 43,191,603 39,697,182

CITY OF RIVERBANK

PROPRIETARY FUNDS
JUNE 30, 2024
Totals
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
Business-Type Activities-Enterprise Funds

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
27 CITY OF RIVERBANK
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
Community Local
Sewer Water Center Redevelop.

Fund Fund Fund Authority 2024 2023
Operating Revenues
Intergovernmental 0 0 0 311,628 311,628 287,333
Service Charges 6,072,110 3,190,327 192,803 693,243 10,148,483 8,326,183 Miscellaneous Revenues 80,639 134,928 8,116 53,476 881,231 277,159 Total Operating Revenues 3,270,966 6,207,038 200,919 1,058,347 10,737,270 9,494,747 Operating Expenses
Employee Services 905,626 900,790 34,620 257,890 1,547,826 2,098,926 Supplies And Services 971,335 1,136,859 162,820 961,767 3,344,966 3,232,781 Depreciation 539,288 560,600 5,085 129,536 1,156,048 1,234,509 Total Operating Expenses 2,576,937 2,437,561 202,525 1,349,193 6,048,840 6,566,216 Operating Income (Loss) 694,029 3,769,477 1,606) ( 290,846) ( 4,171,054 3,445,907 Nonoperating Revenues (Expenses)
Investment Earnings 77,307 90,709 0 0 35,436 168,016
Connection Fees 100,420 105,900 0 0 65,469 206,320
Development Fees 314,747 933,099 0 0 116,988 1,247,846
Gain (Loss) on Fixed Assets 0 0 0 0 1,200,000 0
Interest Expense 221,712) ( 57,175) ( 0 0 ( 248,848) 278,887) ( Amortization Of Bond Issue Costs ( 648) 16,249) ( 0 0 ( 16,897) 16,897) ( Total Nonoperating Revenues (Expenses) 1,071,885 254,513 0 0 1,152,148 1,326,398 Income Before Transfers
And Contributed Capital 1,765,914 4,023,990 1,606) ( 290,846) ( 5,497,452 4,598,055 Contributed Capital 0 0 0 0 0 0
Operating Transfer In 1,426,464 520,236 22,500 0 3,150,901 1,969,200 Operating Transfer Out ( 1,509,669) 2,462,554) ( 0 0 ( 3,972,223) 4,832,998) ( Total Other Financing Sources (Uses) ( 989,433) 1,036,090) ( 22,500 0 2,003,023) ( 1,682,097) ( Change In Net Position 2,987,900 776,481 20,894 290,846) ( 3,494,429 2,915,958 Total Net Position - Beginning 23,737,920 13,477,053 344,491 2,137,710 39,697,174 36,781,224 Prior Period Adjustment 0 0 0 0 0 0
Adjusted Net Position - Beginning 13,477,053 23,737,920 2,137,710 344,491 39,697,174 36,781,224 Total Net Position - Ending 14,253,534 26,725,820 1,846,864 365,385 43,191,603 39,697,182

PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2024
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 2024 2023

CASH FLOWS FROM OPERATING

ACTIVITIES
Receipts From Customers And Users 3,307,452 5,999,492 198,364 807,909 10,313,217 10,273,496 Receipts From Interfund Services Provided 0 0 0 0 0 0
Payments To Suppliers ( 766,555) 1,005,803) ( 167,402) ( 431,899) ( 2,371,659) ( 4,491,401) ( Payments To Employees ( 850,657) 853,791) ( 34,619) ( 240,232) ( 1,979,299) ( 1,717,751) ( Payments For Interfund Services Used 0 0 0 0 0 0
Net Cash Provided By Operating Activities 4,139,898 1,690,240 ( 3,657) 135,778 5,962,259 4,064,344

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfer In 520,236 1,426,464 22,500 0 1,969,200 3,150,901 Transfer Out 2,462,554) ( 1,509,669) ( 0 0 3,972,223) ( 4,832,998) ( Net Cash Provided (Used) By Capital
And Related Financing Activities ( 1,036,090) ( 989,433) 22,500 0 ( 2,003,023) ( 1,682,097)

CASH FLOWS FROM CAPITAL AND

RELATED FINANCING ACTIVITIES
Connection Fees 105,900 100,420 0 0 206,320 65,469
Development Fees 933,099 314,747 0 0 1,247,846 116,988
Purchase Of Capital Assets ( 956,024) 1,327,408) ( 0 0 2,283,432) ( 3,718,547) ( Funds Provides On New Lease 0 0 0 0 0 0
Funding Costs On New Loan 0 0 0 0 0 0
Gain on Disposal Of Capital Assets 0 0 0 0 0 1,200,000
Principal Paid On Capital Debt ( 352,141) 262,439) ( 0 0 614,580) ( 597,460) ( Interest Paid On Capital Debt ( 57,175) 221,712) ( 0 0 278,887) ( 248,848) ( Net Cash Provided (Used) By Capital
And Related Financing Activities ( 1,396,392) ( 326,341) 0 0 ( 1,722,733) ( 3,182,398)

CASH FLOWS FROM INVESTING

ACTIVITIES
Interest Received 90,709 77,307 0 0 168,016 35,436
Net Cash Provided By Investing Activities 90,709 77,307 0 0 168,016 35,436 Net Increase In Cash And Cash Equivalents 465,175 1,784,723 18,843 135,778 2,404,519 764,715) ( Cash And Equivalents, July 1 12,197,252 6,110,749 52,060 439,558 18,799,619 19,564,334 Cash And Equivalents, June 30 6,575,924 13,981,975 70,903 575,336 21,204,138 18,799,619

CITY OF RIVERBANK

PROPRIETARY FUNDS
FOR THE YEAR ENDED JUNE 30, 2024
Totals
Business-Type Activities-Enterprise Funds
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023

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 2024 2023
Operating Income 694,029 3,769,477 1,606) ( 290,846) ( 4,171,054 3,445,907 Adjustments To Reconcile Operating Income
To Net Cash Provided (Used) By Operating
Activities
Depreciation Expense 539,288 560,600 5,085 129,536 1,234,509 1,156,048 (Increase) Decrease In
Deferred Outflows of Resources 3,547 3,500 0 1,163 8,210 ( 419,986) Accounts Receivable ( 207,546) ( 13,618) 0 ( 250,438) ( 471,602) 747,740 Prepaids 0 0 0 0 0 0
Notes Receivable 0 0 0 0 0 0
Due From Other Funds 0 0 0 0 0 0
Increase (Decrease) In
Accounts Payable 370,304 38,292 4,582) ( 529,868 933,882 1,073,999) ( Compensated Absences 4,356 5,460 0 2,456 12,272 27,466
Deferred Inflows of Resources ( 17,214) 17,439) ( 0 5,716) ( 40,369) ( 643,542) ( Net Pension Liability 59,490 60,269 1 19,756 139,516 866,069 Customer Deposits 50,104 0 2,555) ( 0 47,549 31,034
Due To Other Funds ( 72,760) 0 0 0 ( 72,398) 72,760) (
Net Cash Provided (Used) By Operating Activities 1,690,239 4,139,900 3,657) ( 135,779 5,962,261 4,064,339 Totals

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
30 CITY OF RIVERBANK

STATEMENT OF FIDUCIARY NET POSITION

AGENCY FUNDS
JUNE 30, 2024
WITH COMPARATIVE ACTUAL AMOUNTS FOR YEAR ENDED JUNE 30, 2023 County Assessment
Impact District
Fee 1991 - 1
Fund Fund RDA 2024 2023
Assets
Cash And Investments 339,932 261,132 1,394,833 2,140,748 1,995,897 Accounts Receivable 79 175 0 170 254
Fixed Assets 0 0 0 0 0
Accumulated Depreciation 0 0 0 0 0
Unamortized Bond Issue Costs 0 0 0 67,033 0
Due From Other Funds 0 0 0 0 0
Total Assets 340,011 261,307 1,394,833 1,996,151 2,207,951 Liabilities And Fund Balances
Liabilities
Due to Bond Paying Agent 0 0 0 0 0
Due To Other Government 340,011 261,307 1,394,833 1,996,151 2,207,951 Total Liabilities 340,011 261,307 1,394,833 1,996,151 2,207,951 Totals
(Memorandum Only)

SEE ACCOMPANYING NOTES TO BASIC FINANCIAL STATEMENTS
31 CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
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 standardsetting 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, 2024
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, 2024
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 non-cash 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, 2024
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.

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, 2024
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, 2024
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, 2024
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, 2024
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, 2024
40 10. Net Position and Fund Equity - continued
As of June 30, 2024, the fund balance details by classification are listed below:

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

Nonspendable: 107,128 107,128
Restricted:

Housing 11,234,640 3,230,922 14,465,562
System Development 7,922,582 7,922,582
Public Works 164,145 164,145
Committed To:

Assigned To:

Community Development 1,131,437 1,131,437
Riverbank Donations 9,179 9,179
Landscaping 143,853 143,853
Public Works 4,291,644 4,291,644
Public Safety 494,032 494,032
Self Insurance 324,004 324,004
Other Purposes 2,888,626 2,888,626
Unassigned: 10,714,151 961,417) ( 9,752,734
Total Fund Balances 10,714,151 11,234,640 3,230,922 8,029,710 164,145 8,321,358 41,694,926

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, 2024
41 B. Excess of Expenditures over Appropriations
For the year ended June 30, 2024, expenditures exceeded appropriations in several department as follows:

General Fund:

City Council 90,477
City Attorney 548,797
Public Works 105,830

The General funds over-expenditures were funded through the reserves of the General Fund.

III. DETAILED NOTES ON ALL FUNDS
A. Cash And Investments
Cash and investments as of June 30, 2024 are classified in the accompanying financial statements as follows:

Cash on hand 710
Deposits with financial institutions 51,587,456 Investments in LAIF 6,201,188 Total cash and investments 57,789,354
Cash and investments as of June 30, 2024 consist of the following:

Cash and investments 57,789,354
Cash and investments held by bond trustee 0
Total cash and investments 57,789,354

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, 2024
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 7.135 months.

Maturity Date
State investment pool 6,201,188 7.135 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, 2024
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, 2024 is $0.

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, 2024
44 B. Accounts Receivable
Receivables at June 30, 2024 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 11,844 2,450 12,944 Utility Billing 598,126 0 2,263 Other 675,501 0 1,360 Total 1,285,471 2,450 16,567 Successor RDA Nonmajor LMI Housing Governmental Total
Governmental Activities:

Interest 622 14,937 42,797 Utility Billing 0 0 600,389 Other 0 775,250 1,452,111 Total 622 790,187 2,095,297 Local Community Redevelop.

Water Sewer Center Authority Total
Business-Type Activities:

Utility Billings 538,051 1,211,235 0 0 1,749,286
Interest 4,756 1,897 0 0 6,653
Other 7,669 758,817 0 388,117 1,154,603
Total 550,476 1,971,949 0 388,117 2,910,542
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, 2024 is $7,565,280.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
45 D. Interfund Receivables and Payables
Interfund receivable/payable balances at June 30, 2024 consist of the following:
 The Sewer Fund borrowed $396,000 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. The balance as of June 30, 2024 was $107,128.

E. Capital Assets
Capital asset activity for the year ended June 30, 2024 was as follows:

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

Land 4,934,191 0 0 4,934,191 Construction in progress 4,439,815 5,150,527 4,093,028) ( 5,497,314 Total capital assets not being depreciated 9,374,006 5,150,527 4,093,028) ( 10,431,505 Capital assets being depreciated:

Infrastructure 2,852,943 82,846,980 0 85,699,923
Land Improvements 756,094 16,649,403 0 17,405,497 Equipment And Vehicles 6,843,352 492,093 118,137) ( 7,217,308 Building And Improvements 6,760,671 0 928,341 7,689,012 Total capital assets being depreciated 113,100,406 5,029,471 118,137) ( 118,011,740 Less accumulated depreciation for:

Infrastructure ( 1,805,408) 52,378,634) ( 0 54,184,042) ( Land Improvements ( 423,842) 6,379,809) ( 0 6,803,651) ( Equipment And Vehicles 4,945,385) ( 266,291) ( 118,137 5,093,539) ( Building And Improvements 3,075,957) ( 228,446) ( 0 3,304,403) ( Total accumulated depreciation 66,779,785) ( 2,723,987) ( 118,137 69,385,635) ( Net capital assets being depreciated 46,320,621 2,305,484 0 48,626,105 Total net capital assets - Governmental Activities 55,694,627 7,456,011 4,093,028) ( 59,057,610 Depreciation was charged to functions/programs of the primary government as follows:

Government Activities:

Public Works 2,723,987
Total Depreciation expense – Government activities 2,723,987

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
46 E. Capital Assets (continued)
Beginning
Balance Increases Decreases
Ending
Balance
Business-type Activities
Capital assets not being depreciated:

Land 2,425,075 0 0 2,425,075 Construction in progress 6,373,070 1,418,353 188,475) ( 7,602,948 Total capital assets not being depreciated 1,418,353 8,798,145 188,475) ( 10,028,023 Capital assets being depreciated:

Equipment And Vehicles 17,770,040 288,675 38,879) ( 18,019,836 Building And Improvements 20,035,743 764,878 0 20,800,621 Total capital assets being
depreciated 1,053,553 37,805,783 38,879) ( 38,820,457 Less accumulated depreciation for:

Equipment And Vehicles 10,472,417) ( 587,744) ( 38,879 11,021,282) ( Building And Improvements 6,641,414) ( 646,765) ( 0 7,288,179) ( Total accumulated depreciation 17,113,831) ( 1,234,509) ( 38,879 18,309,461) ( Net capital assets being depreciated 20,691,952 180,956) ( 0 20,510,996 Total net capital assets - business-type activities 29,490,097 1,237,397 188,475) ( 30,539,019 Business- Type Activities:

Water 539,288
Sewer 560,600
Ammo Plant 129,536
Community Center 5,085
Total Depreciation expense – Business-Type Activities 1,234,509

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
47 F. Transfers
Interfund transfers for the year ended June 30, 2024 consisted of the following amounts:

Transfers Transfers
Fund In Out
General Fund 3,314,232 1,485,340
CDBG 11,886 0
System Development 0 119,260
ARPA 0 0
Nonmajor Governmental 889,422 1,182,813 Proprietary 1,969,199 3,972,223 Assessment District 1991-1 Fund 0 11,885
Total 6,478,130 6,478,130
G. Payables And Other Liabilities
Payables at June 30, 2024 for the City’s individual major funds and non-major funds in the aggregate are as follows:

System
General CDBG Development
Governmental Activities
Vendors 1,224,458 461 2,379,829
Salaries and Benefits 4 0 0
Total 1,224,462 461 2,379,829
Nonmajor
ARPA Government Total
Governmental Activities
Vendors 342,036 660,378 4,607,162
Salaries and Benefits 0 0 4
Total 342,036 660,378 4,607,166
Local
Community Redevelop.

Water Sewer Center Authority Total
Business-Type Activities
Vendors 461,335 654,502 16,799 853,548 1,986,184
Salaries and Benefits 538 209 0 29 776 Total 461,873 654,711 16,799 853,577 1,986,960

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
48 H. Long-Term Debt
Business-Type Activities:

On January 23, 2014 the City of Riverbank received a private placement $5,742,715 waste water revenue loan from Municipal Finance Corporation. This loan was obtained for two purposes: (1) $4,031,770 was received in order to provide financing for the acquisition and construction of energy efficient improvements to the City’s existing Wastewater System and includes the removal of existing aerators in ponds T-1 and T-2 to be replaced with three new blowers, and all design, hydrology, engineering and related costs, and (2) $1,710,945 in funds were received in order to fund the redemption prior to maturity of the 2005 Refunding Revenue Bonds, Series A (Wastewater 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, 2024 is $0.00
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, 2024 is $1,795,553.

The annual debt service requirements to maturity are as follows:

Year Ending
June 30
Principal Interest
2025 272,186 63,595
2026 282,294 53,486
2027 292,778 43,002
2028 303,652 32,129
2029 314,929 20,852
2030 329,714 6,067
Total 1,795,553 219,131
Loans Payable

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
49 H. Long-Term Debt (continued)
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 in 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, 2024 is $1,295,851.

The annual debt service requirements to maturity are as follows:

Year Ending
June 30
Principal Interest
2025 360,038 26,901
2026 368,111 18,828
2027 376,366 10,573
2028 191,336 2,133
Total 1,295,851 58,435
Loans Payable
The City entered into a Wastewater Revenue Installment Sale Agreement with SAMCO Capital Markets Inc., on May 12, 2023 for energy efficiency projects relating to the Wastewater System.

The agreed finance amount of $4,435,000 is due in 40 semiannual installments, interest at 3.85% per annum payable in August and February through 2042. The funds were split between the water and sewer funds. Lease payables outstanding at June 30, 2024 $3,853,785 (sewer) and $581,215 (water).

Year Ending Sewer
June 30
Principal Interest
2025 139,032 145,694
2026 147,721 140,174
2027 152,066 134,403
2028 156,411 128,465
2029 165,100 122,276
2030-2034 921,085 509,679
2035-2039 1,107,909 314,890
2040-2042 1,064,461 83,887
3,853,785 1,579,468
Loans Payable

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
50 H. Long-Term Debt (continued)
Year Ending Water
June 30
Principal Interest
2025 20,968 21,973
2026 22,279 21,141
2027 22,934 20,270
2028 23,589 19,375
2029 24,900 18,441
2030-2034 138,915 76,868
2035-2039 167,091 47,491
2040-2042 160,539 12,652
581,215 238,211
Loans Payable
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, 2024.

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

Compensated Absences 294,615 297,532 ( 294,615) 297,532 29,753 Long-term liabilities of
Govermental-Type Activities: 294,615 297,532 ( 294,615) 297,532 29,753 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, 2024.

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

Loan Payable Wastewater Ref 2,057,991 0 ( 262,439) 1,795,552 272,186 Loan Payable Energy Project 3,853,784 0 0 3,853,784 139,032 Water Meter Lease 1,647,993 0 ( 352,141) 1,295,852 360,038 Loan Payable Well #6 581,216 0 0 581,216 20,968
Compensated Absences 92,649 104,921 ( 92,649) 104,921 10,492 Long-term liabilities of
Business-Type Activities: 8,233,633 104,921 ( 707,229) 7,631,325 802,716 Total long-term liabilities 8,528,248 402,453 ( 1,001,844) 7,928,857 832,469

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
51 H. Long-Term Debt (continued)
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
2025 792,224 258,163 1,050,387
2026 820,405 233,629 1,054,034
2027 844,144 208,248 1,052,392
2028 674,988 182,102 857,090
2029 504,929 161,569 666,498
2030-2034 1,389,714 592,614 1,982,328
2035-2039 1,275,000 362,381 1,637,381
2040-2042 1,225,000 96,539 1,321,539
Total 7,526,404 2,095,245 9,621,649
Total
I. Evaluation of Subsequent Events
The City has evaluated subsequent events through June 20, 2024, 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.

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
52 A. Risk Management (continued)
The financial position and results of operations for the CSJVRMA, as of June 30, 2024, are presented below:

Total Assets 179,635,612
Total Liabilities 144,400,470 Total Net Assets 35,235,142 Total Liabilities & Net Assets 179,635,612 Total Revenues for Year 95,596,916 Total Expenses for Year 94,324,180 Net Income(Loss) for Year 1,272,736 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.

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, 2024
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,

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
54 C. Employee Retirement Systems and Plans (continued) current employer contributions are 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, 2024, the contribution recognized as part of pension expense for each Plan were as follows:

Miscellaneous
Contributions - employer 452,147 $
Contributions - employee (paid by employer) -
Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions
As of June 30, 2024, 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 8,182,719 $
Safety 1,253,983 Total Net Pension Liability 9,436,702 $ 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, 2021, 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, 2023 rolled forward to June 30, 2023 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, 2023 and 2024 was as follows:

Miscellaneous Safety Total
Proportion - June 30, 2023 0.16200% 0.01740% 0.07598%
Proportion - June 30, 2024 0.16364% 0.01678% 0.07564%
Change - Increase/(Decrease) 0.00164% -0.00062% -0.00034%

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
55 C. Employee Retirement Systems and Plans (continued) At June 30, 2024, the Local Government reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Changes in assumptions 567,212 $ 0 $
Differences between actual and expected experience 510,083 72,726 Differences between projected & actual investment earnings 1,496,463 0 Difference between employer's contribution and proportionate share of contributions 0 1,006,700 Changes in employer's proportion 82,110 102,535 Penstion contributions made subsequent to measurement date 452,147 0 Total 3,108,015 $ 1,181,961 $ $452,147 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, 2024. 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
2025 206,251 $ 27,446 $ 233,697 $
2026 153,073 25,780 178,853 2027 903,102 115,450 1,018,552 2028 38,016 4,790 42,806 2029 - - - Thereafter - - - Total 1,300,442 $ 173,466 $ 1,473,908 $

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
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, 2021 actuarial accounting valuations to June 30, 2023.

The June 30, 2023, 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 6.90%
Inflation 2.30%
Salary Increases Varied by Entry Age and Service
Mortality Rate Table Derived using CalPERS' membership data for all funds Post Retirement Benefit The lesser of contract COLA or 2.30% until Purchasing Increase Power Protection Allowance floor on purchasing power applies, 2.30% thereafter
June 30, 2022
June 30, 2023
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

CITY OF RIVERBANK

NOTES TO BASIC FINANCIAL STATEMENTS
JUNE 30, 2024
57 E. Employee Retirement Systems and Plans (Continued) flows as the one calculated using both short-term and long-term returns.

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.

Assumed Asset Real Return
Allocation (1), (2)
Global Equity - Cap-weighted 30.0% 4.54%
Global Fixed Income Non-Cap-weighted 12.0% 3.84%
Private Equity 13.0% 7.28%
Treasury 5.0% 0.27%
Mortgage-backed Securities 5.0% 0.50%
Investment Grade Corporate 10.0% 1.56%
High Yield 5.0% 2.27%
Emerging Market Debt 5.0% 2.48%
Private Debt 5.0% 3.57%
Real Assets 15.0% 3.21%
Leverage -5.0% -0.59%
(1) An expected price inflation of 2.30% used for this period. (2) Figures are based on the 2021 Asset Liability Management study.

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 8,182,719 12,238,632 4,844,354 Employer's Net Pension Liability/(Asset) - Safety 1,253,983 1,733,091 862,278 Employer's Net Pension Liability/(Asset) - Total 9,436,702 13,971,723 5,706,632 Pension Plan Fiduciary Net Position – Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

CITY OF RIVERBANK

SCHEDULE OF THE LOCAL GOVERNMENT'S PROPORTIONATE

SHARE OF THE NET PENSION LIABILITY - MISCELLANOUS
JUNE 30, 2024
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Proportion of the net pension liability 0.1322% 0.1330% 0.1317% 0.1318% 0.1331% 0.1336% 0.1409% 0.1318% 13.0600% 0.1405% Proportion share of the net pension liablity 8,182,719 $ 7,580,393 $ 3,703,525 $ 6,352,713 $ 5,810,091 $ 5,347,133 $ 5,477,093 $ 4,701,278 $ 3,583,450 $ 3,472,625 $ Covered - employee payroll 6,242,355 $ 5,888,788 $ 5,756,474 $ 5,475,230 $ 5,203,105 $ 5,048,535 $ 5,116,284 $ 4,877,064 $ 3,144,373 $ 2,982,150 $ Proportionate share of the net pension liability as 131.08% 128.73% 64.34% 116.03% 111.67% 105.91% 107.05% 96.40% 113.96% 116.45% percentage of covered-employee payroll
Plan's fiduciary net position 21,806,493 $ 20,941,537 $ 22,585,853 $ 18,574,963 $ 18,123,267 $ 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 72.71% 73.42% 85.91% 74.52% 75.72% 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, 2024
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Proportion of the net pension liability 0.0117% 0.0123% 0.0130% 0.0137% 0.0148% 0.0157% 0.0165% 0.0023% 0.0125% 0.00979% Proportion share of the net pension liablity 1,253,983 $ 1,195,883 $ 719,212 $ 647,920 $ 958,143 $ 101,791 $ 856,967 $ 733,043 $ 515,698 $ 367,103 $ Covered - employee payroll 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ Proportionate share of the net pension liability as 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% percentage of covered-employee payroll
Plan's fiduciary net position 2,238,511 $ 2,243,436 $ 2,685,512 $ 2,953,382 $ 2,504,280 $ 3,537,070 $ 2,631,925 $ 2,566,219 $ 2,627,253 $ 2,773,359 $ Plan fiduciary net position as a percentage of the total pension liability 64.09% 65.23% 78.88% 82.01% 72.33% 97.20% 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, 2024
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Contractually required contribution (actuarially determined) 2,144,966 $ 3,037,805 $ 2,529,615 $ 2,104,228 $ 1,774,700 $ 1,573,919 $ 1,210,008 $ 1,108,137 $ 409,877 $ 340,922 $ Contributions in relation to the actuarially determined contributions (2,319,621) (4,195,003) (3,297,415) (2,597,763) (2,110,658) (1,895,296) (1,347,503) (1,162,169) (409,877) (340,922) Contribution deficiency (excess) (174,655) $ (1,157,198) $ (767,800) $ (493,535) $ (335,958) $ (321,377) $ (137,495) $ (54,032) $ 0 $ 0 $ Covered - employee payroll 6,242,355 $ 5,888,788 $ 5,756,474 $ 5,475,230 $ 5,203,105 $ 5,048,535 $ 5,116,284 $ 4,877,064 $ 3,144,373 $ 2,982,150 $ Contributions as a percentage of covered-employee payroll 34.36% 51.59% 43.94% 38.43% 34.11% 31.18% 23.65% 22.72% 13.04% 11.43% percentage of covered-employee payroll
Notes to Schedule:

Valuation Date: 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2014 6/30/2013 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 2.50%
Salary increases Varies by Entry Age and Service
Investment rate of return 7.00%, net of pension plan investment and administrative expense, including inflation
60 CITY OF RIVERBANK

SCHEDULE OF CONTRIBUTIONS - SAFETY
JUNE 30, 2023
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Contractually required contribution (actuarially determined) 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 241,124 $ Contributions in relation to the actuarially determined contributions 0 0 0 0 0 0 0 0 0 (241,124) Contribution deficiency (excess) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Covered - employee payroll 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 789,451 $ Contributions as a percentage of covered-employee payroll 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 30.54% percentage of covered-employee payroll
Notes to Schedule:

Valuation Date: 6/30/2022 6/30/2021 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2014 6/30/2013 Methods and assumptions used to determine cotnribution rates:

COMBINING FINANCIAL STATEMENTS

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.

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.

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.

ESG - This fund purpose is to account for funding received from the Emergency Solutions Grant Program (ESG) which provides funds for a variety of activities to address homelessness. 63 COMBINING FINANCIAL STATEMENTS

NON-MAJOR GOVERNMENTAL FUNDS
Transitional Housing Fund – Funding received from the State Legislature to support programs to assist in addressing homelessness with transitional housing and activities to address homelessness.

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.

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, 2024
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
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 380,579 22,503) ( 8,053 9,179 42,392 52,934 516,450 Accounts Receivable 124,864 3,996 0 0 0 594 1,409
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 505,443 18,507) ( 8,053 9,179 42,392 53,528 517,859 Liabilities And Fund Balances
Liabilities
Accounts Payable 60,073 0 1,372 0 0 0 0
Compensated Absences 36,128 0 0 0 0 0 0
Other Liabilities 405 0 0 0 0 0 193,855
Due To Other Funds 0 0 0 0 0 0 0
Total Liabilities 96,606 0 1,372 0 0 0 193,855
Fund Balances
Nonspendable 0 0 0 0 0 0 0
Restricted 0 0 0 0 0 0 0
Committed 0 0 0 0 0 0 0
Assigned 408,837 0 6,681 9,179 53,528 42,392 324,004
Unassigned 18,507) 0 ( 0 0 0 0 0
Total Fund Balances 408,837 18,507) ( 6,681 9,179 42,392 53,528 324,004 Total Liabilities
And Fund Balances 505,443 18,507) ( 8,053 9,179 42,392 53,528 517,859 Special Revenue
64 Lighting Neighbor- Public Non-Major
And Land- Hood Safety Aug- Off-Street Public CARES Special scaping Improvement mentation Parking Riverfest State Benefit ACT Revenue Fund Fund Fund Fund Fund Grants Fund Fund Total
20,085 152,140 137,947) ( 57,981 3,703 83,901 1,111,665 0 2,278,612 106,022 6,863 12,059 552 0 254,638 56,130 0 567,127
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
126,107 159,003 125,888) ( 58,533 3,703 338,539 1,167,795 0 2,845,739 2,290 68,678 0 0 0 1,341 46,742 0 180,496
560 0 0 0 0 0 0 0 36,688
0 0 0 0 0 541,422 0 0 735,682
0 0 0 0 0 0 0 0 0
2,850 68,678 0 0 0 542,763 46,742 0 952,866
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
123,257 90,325 0 58,533 3,703 0 1,121,053 0 2,241,492
0 0 125,888) ( 0 0 204,224) ( 0 0 348,619) (
123,257 90,325 125,888) ( 58,533 3,703 204,224) ( 1,121,053 0 1,892,873 126,107 159,003 125,888) ( 58,533 3,703 338,539 1,167,795 0 2,845,739 Special Revenue
65 CITY OF RIVERBANK

COMBINING BALANCE SHEET

NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2024
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
Facility Railroad CFD Transitional
Improvement Quimby Crossing 2016-1 Housing
Fund Fees Fund Fund Fund
Assets
Cash And Investments 29,168 294,386 500,399 374,693 2,000,000 Accounts Receivable 0 0 0 1,631 0
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 294,386 29,168 500,399 376,324 2,000,000
Liabilities And Fund Balances
Liabilities
Accounts Payable 0 0 0 5,549 0
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 5,549 0
Fund Balances
Nonspendable 0 0 0 0 0
Restricted 0 0 0 0 0
Committed 0 0 0 0 0
Assigned 29,168 294,386 500,399 2,000,000 370,775
Unassigned 0 0 0 0 0
Total Fund Balances 294,386 29,168 500,399 370,775 2,000,000 Total Liabilities
And Fund Balances 294,386 29,168 500,399 376,324 2,000,000 Capital Projects
66 Crossroads Non-Major
Measure Devel- Special Storm Capital
L ESG opment Projects Drain Projects
Fund Fund Fund Fund Fund Total 2024 2023
572,275) 2,770,816 ( 830,592 301,029 74,383 6,603,191 8,881,803 8,309,895 0 219,304 1,601 264 260 223,060 790,187 736,687
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
572,275) 2,990,120 ( 832,193 301,293 74,643 6,826,251 9,671,990 9,046,582 40,523 210,847 853 119,997 1,725 559,990 379,494 416,837 0 0 0 0 0 36,688 0 34,316
0 0 85,039) ( 111,639 0 762,282 26,600 60,590
0 0 0 0 0 0 0 0
40,523 210,847 84,186) ( 231,636 1,725 406,094 1,358,960 511,743 0 0 0 - 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 916,379 2,779,273 69,657 72,918 7,032,955 9,274,447 9,224,330 0 (612,798) 0 0 0 612,798) ( 961,417) ( 689,491) (
612,798) 2,779,273 ( 916,379 69,657 72,918 6,420,157 8,313,030 8,534,839 572,275) 2,990,120 ( 832,193 301,293 74,643 6,826,251 9,671,990 9,046,582 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, 2024
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
Local Asset
Trans- Cheese Riverbank ForfeitGas Tax portation And Wine Donations ture Fund Fund Fund Fund Fund
Revenues
Investment Earnings 8,312 14,324 0 0 0
Intergovernmental 1,303,234 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 8,563 0 62,422 2,428 9,200 Total Revenues 1,320,109 14,324 62,422 2,428 9,200
Expenditures
General Government 0 0 0 0 0
Public Safety 0 0 0 0 0
Public Works 1,141,092 0 0 0 0
Community Development 0 0 0 258 0
Culture And Leisure 0 0 88,948 0 0
Capital Outlay 770,349 0 0 0 0
Total Expenditures 1,911,441 0 88,948 258 0
Excess(Deficiency) Of Revenues
Over Expenditures ( 14,324 591,332) 26,526) ( 2,170 9,200 Other Financing Sources (Uses)
Operating Transfers In 597,625 0 24,674 0 0
Operating Transfers Out ( 0 101,931) 0 0 0
Total Other Financing Sources (Uses) 495,694 0 24,674 0 0 Net Change In Fund Balances 95,638) ( 14,324 1,852) ( 2,170 9,200 Fund Balance - Beginning 504,475 32,831) ( 8,533 7,009 33,192 Fund Balance - Ending 408,837 18,507) ( 6,681 9,179 42,392 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 State Revenue Fund Fund Fund Fund Fund Fund Fund Grants Total
5,050 2,129 15,070 0 0 1,979 0 0 46,864
0 0 0 19,005 169,264 0 0 291,272 1,782,775
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
667,166 40,482 529,525 102,233 0 0 0 0 1,422,019
672,216 42,611 544,595 121,238 169,264 1,979 0 291,272 3,251,658 885,131 0 0 0 0 0 0 0 885,131
0 0 0 261,900 0 0 0 0 261,900
0 0 0 0 0 0 0 20,271 1,161,363
0 0 413,224 0 0 0 0 0 413,482
0 0 0 0 0 0 0 0 88,948
0 0 48,125 0 0 0 0 16,335 834,809
885,131 0 461,349 261,900 0 0 0 36,606 3,645,633
212,915) 42,611 ( 83,246 140,662) ( 169,264 1,979 0 254,666 393,975) ( 0 0 1,826 240,000 0 0 0 3,688 867,813
0 0 89,081) ( 0 160,000) ( 0 0 0 351,012) (
0 0 87,255) ( 240,000 160,000) ( 0 0 3,688 513,113
212,915) 42,611 ( 4,009) ( 99,338 9,264 1,979 0 258,354 135,528) ( 536,919 10,917 94,334 23,919 135,152) ( 56,554 3,703 462,578) ( 648,994 324,004 53,528 90,325 123,257 125,888) ( 58,533 3,703 204,224) ( 513,466 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, 2024
CARES Public Facility Railroad
ACT Benefit Improvement Quimby Crossing
Fund Fund Fund Fees Fund
Revenues
Investment Earnings 0 0 0 0
Intergovernmental 0 0 0 0 0
Other Taxes 0 0 0 0 0
Impact Fees 0 0 0 53,300 0
Licenses And Permits 0 0 0 0 0
Service Charges And Miscellaneous 0 405,335 10,520 100 0 Total Revenues 0 405,335 10,520 53,400 0
Expenditures
General Government 0 0 0 0 0
Public Safety 0 190,836 0 0 0
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 0 190,836 0 0 0
Excess(Deficiency) Of Revenues
Over Expenditures 0 214,499 10,520 53,400 0
Other Financing Sources (Uses)
Operating Transfers In 0 0 0 0 315,000
Operating Transfers Out 0 420,000) ( 0 0 0
Total Other Financing Sources (Uses) 0 420,000) ( 0 0 315,000 Net Change In Fund Balances 0 205,501) ( 10,520 53,400 315,000 Fund Balance - Beginning 0 1,326,554 18,648 240,986 185,399 Fund Balance - Ending 0 1,121,053 29,168 294,386 500,399 WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
Capital Projects
70 CITY OF RIVERBANK

COMBINING STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCE

COMBINING STATEMENT OF REVENUES, EXPENDITURES,

AND CHANGES IN FUND BALANCE

NONMAJOR GOVERNMENTAL FUNDS
FOR THE YEAR ENDED JUNE 30, 2024
CARES
ACT
Fund
Revenues
Investment Earnings 0
Intergovernmental 0
Other Taxes 0
Impact Fees 0
Licenses And Permits 0
Service Charges And Miscellaneous 0
Total Revenues 0
Expenditures
General Government 0
Public Safety 0
Public Works 0
Community Development 0
Culture And Leisure 0
Capital Outlay 0
Total Expenditures 0
Excess(Deficiency) Of Revenues
Over Expenditures 0
Other Financing Sources (Uses)
Operating Transfers In 0
Operating Transfers Out 0
Total Other Financing Sources (Uses) 0
Net Change In Fund Balances 0
Fund Balance - Beginning 0
Fund Balance - Ending 0
WITH COMPARATIVE ACTUAL AMOUNTS FOR JUNE 30, 2023
Non-Major
Storm Capital
Drain Projects
Fund Total 2024 2023
0 95,795 48,931 24,852
0 3,220,661 1,437,886 3,274,117
0 0 0 0
0 53,300 53,300 0
0 0 0 0
49,005 2,057,786 635,767 1,820,281
2,175,884 49,005 5,427,542 5,119,250
0 885,131 0 720,158
0 452,736 0 353,908
15,495 1,258,528 97,165 1,133,219
0 445,922 32,440 416,411
0 88,948 0 32,880
0 2,811,478 1,976,669 2,532,927
2,106,274 15,495 5,942,743 5,189,503
121,226) 33,510 ( 515,201) ( 70,253) (
0 1,182,813 315,000 654,015
( 78,410) ( 889,422) 538,410) ( 939,345) (
( 223,410) 78,410) ( 293,391 285,330) (
( 344,636) 44,900) ( 221,810) ( 355,583) (
7,885,846 117,818 6,752,891 7,108,474
7,541,210 72,918 6,531,081 6,752,891
Totals
Capital Projects
72 FEDERAL GRANTOR/PASS- Federal Pass-Through
THROUGH GRANTOR/ CFDA Grantor's Federal
PROGRAM TITLE Number Number Expenditures
U.S. Department of Justice
Local Law Enforcement Block Grant 16.710 N/A 186,159
Total U.S. Department of Justice 186,159
U.S. Department of Defense
Passed Through Office of Economic Adjustment
OEA 12.607 CL0610-11-03 311,628
Total U.S. Department of Defense 311,628
State of California Department of Transportation
Department of Transportation CML 5255(052) 3,893
Department of Transportation CML 5255(054) 277,892
Department of Transportation CML 5255(056) 1,202
Department of Transportation CML 5255(061) 2,663
Department of Transportation CML 5255(064) 1,067
Total State of CA Dept of Transportation 286,717
Total Expenditures of Federal Awards 784,504

CITY OF RIVERBANK

SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
JUNE 30, 2024
73 74

CITY OF RIVERBANK

SCHEDULE OF FINDINGS AND QUESTIONED COSTS
FOR THE YEAR ENDED JUNE 30, 2024
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
75 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, 2024, 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 January 17, 2025.

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. 76 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.

Gallagher Gatewood

GALLAGHER GATEWOOD, A PROFESSIONAL ACCOUNTANCY CORPORATION Modesto, California
January 17, 2025
77 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, 2024. 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.
78 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, 2024.

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
January 17, 2025
79 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, 2024, and have issued our report thereon dated January 17, 2025. 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
January 17, 2025

City Council / Local Redevelopment Authority / Public Financing AuthorityMay 13, 2025

City Council / Local Redevelopment Authority / Public Financing Authority
May 13, 2025