Rocklin City Council
February 25, 2025

ROCKLIN CITY COUNCIL
City Council Regular Meeting
City Hall - Council Chambers
3970 Rocklin Rd. Rocklin, CA
95677
Website:
www.rocklin.ca.us
February 25, 2025

CONSOLIDATED MEETING AGENDA
City of Rocklin City Council
Public Financing Authority
General Session at 6:00 p.m.

AMENDED AGENDA
*Item C20, Resolution and Agreement Updated
*Item D3, Ordinance Updated

JILL GAYALDO,

Mayor

DAVID BASS,

Vice Mayor

KEN BROADWAY,

Council Member

BILL HALLDIN,

Council Member

GREG JANDA,

Council Member

ALY ZIMMERMANN,

City Manager

MATTHEW MCOMBER,

City Attorney

DANIEL CHOE,

City Treasurer

AVINTA SINGH,

City Clerk

HOW TO PARTICIPATE
The City of Rocklin welcomes your interest and involvement in the City's legislative process. The City Council has established a procedure for addressing the Council. Persons wishing to address the City Council are asked to voluntarily complete and submit a speaker identification sheet to the City Clerk.

Speaker identification sheets are available near the entrance of the Council Chambers. For items listed on the agenda, any person may address the City Council at the time the item is considered. Speakers are requested to restrict their comments to the item as it appears on the agenda and stay within the required three-minute time limit. The Brown Act does not permit the City Council to take action on items brought up under Citizens Addressing the City Council.

WRITINGS RECEIVED AFTER AGENDA POSTING
Any writing or documents related to an agenda item for this meeting provided to the City Council, Public Financing Authority or Successor Agency will be made available for public inspection at City Hall, 3970 Rocklin Road, Rocklin, during normal business hours.

AMERICANS WITH DISABILITIES ACT
In compliance with the Americans with Disabilities Act, if you require special assistance to participate in this meeting or other services in conjunction with this meeting, including receiving notices, agendas, and other writings in appropriate alternative formats, please contact our office at (916) 625- 5560 at least 48 hours prior to the meeting or time when services are needed so that we may make every reasonable effort to accommodate you.

LEVINE ACT PROVISIONS
The Levine Act requires a party (or the party’s agent(s)) to a proceeding before the City of Rocklin that
involves any action or consideration to their contract, license, permit, or other entitlement for use, to
disclose any campaign contribution made to a City elected or appointed officer (including Councilmembers, Planning Commissioners, and members of other City boards and commissions) totaling more than $500 within the 12 months before the City decision.

City Council Regular Meeting Agenda of February 25, 2025 1 C1.

Minutes of the February 4, 2025 Special Joint Meeting of the City Council and Planning Commission

AUDIO/VISUAL PRESENTATIONS
If making a presentation regarding an agenda item, all audio/visual materials must be submitted to the City Clerk or Secretary at least 72 hours in advance. The City is not responsible for the compatibility or operation of non-city devices or the functionality of non-city presentations.

POSTING OF AGENDA
In accordance with Government Code Section 54954.2(a) this agenda was posted on the City's bulletin board at City Hall, 3970 Rocklin Road, Rocklin, and City of Rocklin website at www.rocklin.ca.us.

AGENDA

MEETING

INSTRUCTIONS
The public may listen to audio or view the meeting via live stream at https://www.rocklin.ca.us/agendas-minutes
.

For those that do not plan on attending in person, but wish to make a public comment during the meeting, public comments will be accepted in email form until 3:00 p.m. on the meeting day. Public comments should be submitted to the City Clerk at [email protected]
. Emailed public comments will be distributed to City Council and treated as a public record.

CALL TO ORDER

PLEDGE OF ALLEGIANCE

ROLL CALL

AGENDA REVIEW

CITIZENS ADDRESSING THE CITY COUNCIL
This is an opportunity for public comment on matters not listed on the agenda. Public comment on items listed on the agenda will be taken when the agenda item is called.

REPORTS FROM CITY COUNCIL AND CITY MANAGER
Reports from the City Council will include any AB1234 Reports.

CONSENT CALENDAR
Items C1 - C24 of the Consent Calendar are considered and acted upon by one Motion of the City Council. Item C25 (PFA1) is concurrently considered and acted upon by the Public Financing Authority of the City of Rocklin. Anyone may request an item be removed for separate consideration.

Recommendation:

Approve the Minutes of the February 4, 2025 Special Joint Meeting of the City Council and Planning Commission

City Council Regular Meeting Agenda of February 25, 2025 2 C2.

Minutes of the February 11, 2025 Regular Meeting of the City Council C3.

Amendments to the West Rocklin Annexation Area Pre-Zoning / PC2024-0001 (Second Reading of Ordinance)
C4.

National Opioid Litigation Settlement with Kroger Co.

C5.

Clover Valley Funding Agreement
C6.

Accounts Paid List - October to December 2024
C7.

Annual Comprehensive Financial Report and GANN Appropriations Limit Schedule for the Fiscal Year ended June 30, 2024
C8.

Fiscal Year 2023/24 Single Audit Report
C9.

Quarterly Treasurer's Report

Recommendation:

Approve the Minutes of the February 11, 2025 Regular
Meeting of the City Council.

Recommendation:

Adopt an Ordinance of the City Council of the City of Rocklin Approving a Zoning Ordinance Amendment to Pre-Zone Two Parcels within the West Rocklin Annexation Area (West Rocklin Annexation Area Pre-Zoning PZ2024-0001).

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving Participation in Settlement of National Opioid Litigation with Kroger Co; Appointing the City Manager as the City's Authorized Representative, and Authorizing the City Manager to Take all Reasonable and Necessary Actions.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving the Use of Funds Agreement between the City of Rocklin and Placer Land Trust for Clover Valley.

Recommendation:

Receive the Accounts Paid List for October 1, 2024 to
December 31, 2024.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Accepting the Annual Comprehensive Financial Report and GANN Appropriations Limit Schedule for the Fiscal Year Ended June 30, 2024.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Accepting and Approving the Single Audit Report for the Year Ended June 30, 2024.

Recommendation:

Receive the Treasurer's Report for the Quarter Ending
December 31, 2024.

City Council Regular Meeting Agenda of February 25, 2025 3 C10.

Various Purchases through Cooperative Purchase Agreements C11.

Intention to Annex The Harper into Community Facilities District No. 1 C12.

Intention to Annex The Harper into Community Facilities District No. 5 C13.

Ordering the Fiscal Year 2025/26 Engineer's Reports
C14.

CrowdStrike Endpoint Protection Security Software Contract C15.

Comcate Contract for Access Rocklin
C16.

Contract for Tyler Technologies
Munis Enterprise Resource Planning (ERP)
Solution

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving and Authorizing the City Manager to Purchase Goods and Services through Cooperative Purchase Agreements for Fiscal Year 2024/25.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin of Intention to Annex Territory to Rocklin Community Facilities District No. 1 (Annexation No. 87) and to Authorize the Levy of Special Taxes Therein (The Harper).

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin of Intention to Annex Territory to Rocklin Community Facilities District No. 5 (Annexation No. 74) and to Authorize the Levy of Special Taxes Therein (The Harper).

Recommendation:

A
.

Adopt a Resolution of the City Council of the City of Rocklin Ordering the Preparation of the Engineer's Report for Lighting Maintenance District No. 1 for the Fiscal Year 2025/26.

B
.

Adopt a Resolution of the City Council of the City of Rocklin Ordering the Preparation of the Engineer's Report for
Landscape and Lighting
Maintenance District No. 2
for the Fiscal Year 2025/26.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving and Authorizing the City Manager to Execute a CrowdStrike Contract from CDW Government LLC.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin (City) Approving the License and Ongoing Support and Services Contract with Comcate Software Inc and Authorizing the City Manager to Execute the Contract.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving and Authorizing the City Manager to Execute a Maintenance Agreement with Tyler Technologies, Inc.

City Council Regular Meeting Agenda of February 25, 2025 4 C17.

Whitney Community Park Pump Track – Change Order No. 1
C18.

Vacation of Alley Between Oak Street and Pine Street and Property Line Reconfiguration
C19.

Quarry Park Amphitheater Production Management Agreement - Amendment No. 1 C20.

Landscape Maintenance Agreement
C21.

Corporation Yard Storefront Glass Replacement Notice of CEQA Exemption and Bid Award

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving Change Order No. 1 and Authorizing the City Manager to Execute Change Order No. 1 with American Ramp Company, Inc.

Recommendation:

A
.

Adopt a Resolution of the City Council of the City of Rocklin Ordering the Vacation of a Public Street – Alley Between Oak Street and Pine Street.

B
.

Adopt a Resolution of the City Council of the City of Rocklin Authorizing the City Manager to Execute and Record Grant Deeds to Create Two Parcels Within the City’s Real Property Located Between Pacific Street, Oak Street, Railroad Avenue, and Pine Street.

C
.

Adopt a Resolution of the City Council of the City of Rocklin Accepting and Authorizing the City Manager to Record a Grant Deed from Community HousingWorks for the Real Property Located on the Southwest Side of Pine Street Between Railroad Avenue and Pacific Street/APN 010-121-006 and Authorizing the City Manager to Execute and Record a Grant Deed on Behalf of the City to Merge the Community HousingWorks Parcel with Adjacent City Property.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving and Authorizing the City Manager to Execute an Amended Agreement With Push the Show, LLC (majority-owned by Ineffable Music Group, Inc.) for Production Management at Quarry Park Amphitheater.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving a Landscape Maintenance Agreement and Authorizing the City Manager to Execute the Landscape Maintenance Agreement with Chapa-De Indian Health Program, Inc.

Recommendation:

A
.

Adopt a Resolution of the City Council of the City of Rocklin Approving a Notice of Exemption (Corporation Yard Storefront Glass Replacement).

B
.

Adopt a Resolution of the City Council of the City of Rocklin Awarding the Contract for the Corporation Yard Storefront Glass Replacement to American Window and Door Systems, Inc. and Authorizing the City Manager to Execute an Agreement.

City Council Regular Meeting Agenda of February 25, 2025 5 C22.

Corporation Yard Generator Bid Award
C23.

Landfill Monitoring Services Amendment No. 2
C24.
2025 Striping and Marking Services Bid Award
C25.

PFA1: Rocklin Public Financing Authority's Audited Basic Financial Statements for the Fiscal Year Ended June 30, 2024
D1.

Community Development Block Grant (CDBG) 2025-2029 Consolidated Plan - Discussion of Priority Needs and Goals
D2.

Fiscal Year 2024/25 Second Quarter: Financial Report and Strategic Plan Update

Recommendation:

A
.

Adopt a Resolution of the City Council of the City of Rocklin Approving A Notice of Exemption (Corporation Yard Emergency Generator).

B
.

Adopt a Resolution of the City Council of the City of Rocklin Awarding the Contract for the Corporation Yard Emergency Generator to James Day Construction, Inc., and Authorizing the City Manager to Execute an Agreement with James Day Construction, Inc.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving Amendment No. 2 to the Contract for Services with Tetra Tech, Inc. and Authorizing the City Manager to Execute Amendment No. 2.

Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Awarding the Contract for the 2025 Striping and Marking Maintenance Services to Sierra Traffic Markings, Inc., and Authorizing the City Manager to Execute an Agreement.

Recommendation:

Adopt a Resolution of the Public Financing Authority of the City of Rocklin Accepting the Audited Basic Financial Statements for the Fiscal Year Ended June 30, 2024.

DISCUSSION ITEMS
Discussion Items include oral presentations including those recommending "receive and file".

Recommendation:

Receive a Presentation on the Community Development Block Grant (CDBG) 2025-2029 Consolidated Plan Proposed Priority Needs and Goals, and Provide Feedback to Staff.

Recommendation:

A
.

Adopt a Resolution of the City Council of the City of Rocklin Accepting the Quarterly Financial Reports for the Quarter Ended December 31, 2024, and Amending the Fiscal Year 2024/25 Operating Budget.

B
.

Receive an Update on the 2023-2025 Strategic Plan Regarding Progress Made on the Work Plan for the Quarter Ended December 31, 2024.

City Council Regular Meeting Agenda of February 25, 2025 6 D3.

Establishing Campaign Contribution Regulations Regarding Redesignation of Committees and Accounts

Recommendation:

Introduce, Waive the Full Reading and Read by Title Only, an Ordinance of the City Council of the City of Rocklin Adding Chapter 2.68 to the Rocklin Municipal Code Establishing Campaign Contribution Regulations.

FUTURE AGENDA ITEMS

ADJOURNMENT
City Council Regular Meeting Agenda of February 25, 2025 7 City Council
Staff Report

Subject:

Minutes of the February 4, 2025 Special Joint Meeting of the City Council and Planning Commission
Date:

February 25, 2025
Submitted By:

Avinta Singh, City Clerk
Department:

City Clerk's Office
Recommendation:

Approve the Minutes of the February 4, 2025 Special Joint Meeting of the City Council and Planning Commission
Item Number C1.

ATTACHMENTS:

1. DRAFT Joint City Council - Planning Commission Special Meeting Minutes of February 4, 2025
8 DRAFT Meeting Minutes of February 4, 2025 Rocklin City Council 1 | P a g e

ROCKLIN CITY COUNCIL
Joint City Council &
Planning Commission Special Meeting
City Hall - Council Chambers
3970 Rocklin Rd. Rocklin, CA 95677
Website: www.rocklin.ca.us
February 4, 2025
General Session 5:00 p.m.

MEETING MINUTES
-DRAFT-

CALL TO ORDER
Mayor Gayaldo called the meeting to order at 5:00 p.m.

PLEDGE OF ALLEGIANCE
Mayor Gayaldo led the pledge of allegiance.

ROLL CALL

Present: Councilmembers David Bass, Ken Broadway, Greg Janda Mayor Jill Gayaldo
Commissioners Twiana Armstrong, Roberto Cortez, Gregg McKenzie, Jared Thomas
Chair Michael Barron

Absent: Councilmember Bill Halldin

AGENDA REVIEW
None.

CITIZENS ADDRESSING THE CITY COUNCIL
There were none.
9 DRAFT Meeting Minutes of February 4, 2025 Rocklin City Council 2 | P a g e

DISCUSSION ITEM
D1. Zoning Ordinance Update
Action: Received a presentation regarding the City of Rocklin Comprehensive Zoning Ordinance and Zoning Map Update Project (ZONE Rocklin), Discussed the Recommendations Memo, and Provided Feedback.

Assistant City Manager Andrews Keys opened the workshop. Senior Planner Nathan Anderson introduced the item and stated that the discussion about the Zone Rocklin project provided an opportunity to receive initial feedback from the City Council, Planning Commission, and members of the public, noting that some feedback had already been received based on outreach done with stakeholders.

Martha Miller with Miller Planning Associates presented the item, and staff and Ms.

Miller responded to Councilmember and Commissioner questions.

PUBLIC COMMENT
Mr. Jerry Mitchell Jerry Mitchell addressed the City Council and Planning Commission regarding the item, appreciating the sensitivity being given to parking.

Mr. Kevin Shaw addressed the City Council and Planning Commission regarding the item urging careful consideration when reviewing sites for projects, supported homes on bigger lot sizes, preferred achieving homes over condominiums.

City Council and Planning Commission comments and discussion followed.

FUTURE AGENDA ITEMS
There were none.

ADJOURNMENT
Mayor Gayaldo adjourned the meeting at 6:31 p.m.

This is to certify that the foregoing is a true and
correct copy of the minutes of February 4, 2025 as
approved by the Rocklin City Council.

Avinta Singh, City Clerk
10 City Council
Staff Report

Subject:

Minutes of the February 11, 2025 Regular Meeting of the City Council Date:

February 25, 2025
Submitted By:

Avinta Singh, City Clerk
Department:

City Clerk's Office
Recommendation:

Approve the Minutes of the February 11, 2025 Regular Meeting of the City Council.

Item Number C2.

ATTACHMENTS:

1. Draft City Council Meeting Minutes of February 11, 2025 11 DRAFT Meeting Minutes of February 11, 2025 Rocklin City Council 1 | P a g e

ROCKLIN CITY COUNCIL
City Council Regular Meeting
City Hall - Council Chambers
3970 Rocklin Rd. Rocklin, CA 95677
Website: www.rocklin.ca.us
February 11, 2025
General Session 6:00 p.m.

MEETING MINUTES
-DRAFT-

CALL TO ORDER
Mayor Gayaldo called the meeting to order at 6:00 p.m.

PLEDGE OF ALLEGIANCE
The Rocklin Cub Scout Troop 102 Webelos led the pledge of allegiance.

ROLL CALL

Present: Councilmembers David Bass, Ken Broadway, Bill Halldin, Greg Janda Mayor Jill Gayaldo

Absent: None

AGENDA REVIEW
None.

CITIZENS ADDRESSING THE CITY COUNCIL
There were none.

REPORTS FROM CITY COUNCIL AND CITY MANAGER
Council Member Broadway reported attendance at the Placer County Consolidated Oversight Board meeting which included an annual presentation on Rocklin’s Successor Agency Recognized Obligation Payment Schedule and Administrative Budget; participated in mock interviews with Victory High School students; and shared that the City Council and Planning Commission held a joint special meeting on February 4, 2025 regarding ZONE Rocklin.
12 DRAFT Meeting Minutes of February 11, 2025 Rocklin City Council 2 | P a g e
Vice Mayor Bass reported attendance at the Placer County Flood Control Board meeting, attended a fundraiser for the Rocklin Community Theater, and recognized local talent Emersyn Hunt for winning a Broadway contest called Next on Stage.

Council Member Halldin reported attendance at the Western Placer Waste Management Authority meeting (WPWMA), shared that Sierra College would be purchasing 50 acres from the WPWMA and constructing a public safety training center, and confirmed that WPWMA offered a free mattress recycling program.

Mayor Gayaldo stated that she had the opportunity to speak to Cub Scout Troop 102 Webelos sharing what the City Council’s duties were; shared she met with South Placer Municipal Utility District’s (SPMUD) new General Manager; attended the Women in Transportation awards event in Sacramento; attended a presentation at Whitney High School about mental health and the dangers of fentanyl; spoke about a Buddy Bench Program that had been initiated at Valley View Elementary School; reported attendance at a BIA meeting; shared that the Greater Sacramento Economic Council would be delivering a presentation in the near future; shared that Sierra College’s first Megatronics class would be graduating; and noted that Sierra College was holding their new athletic facility dedication today.

City Manager Zimmermannshared that an upcoming 2x2 meeting had been scheduled with members of the SPMUD Board of Directors, and reminded all that City facilities would be closed Monday, February 17, 2025 in observance of President’s Day

CONSENT CALENDAR
C1. Minutes of the January 28, 2025 Regular Meeting of the City Council Action: Approved the Minutes of the January 28, 2025 Regular Meeting of the City Council.

C2. Transportation Development Fund Claims
Action: Adopted Resolution 2025-020 of the City Council of the City of Rocklin Authorizing the City Manager to Submit Claims for Local Transportation and State Transit Assistance Funds.

C3. Amendment to Consultant Services Agreement with Data Ticket, Inc.

Action: Adopted Resolution 2025-021 of the City Council of the City of Rocklin Approving and Authorizing the City Manager to Execute Amendment No. 1 to the Consultant Services Agreement with Data Ticket, Inc.

C4. Assignment of Grazing Services Agreement
Action: Adopted Resolution 2025-022 of the City Council of the City of Rocklin Authorizing the Assignment of the 2024 Grazing Project Contract for Services from Blue Tent Farms, LLC to Ecosystem Concepts, Inc. and Authorizing the City Manager to Execute an Assignment Agreement with Ecosystem Concepts, Inc. 13 DRAFT Meeting Minutes of February 11, 2025 Rocklin City Council 3 | P a g e

PUBLIC COMMENT
There were none.

Motion to approve Consent Calendar Item Nos. C1 through C4 by Council Member Broadway and seconded by Vice Mayor Bass. Passed by the following vote:

Ayes: Councilmembers Bass, Broadway, Janda, Halldin
Mayor Gayaldo
Noes: None

Absent: None
Abstain: None

PUBLIC HEARING
PH1. West Rocklin Annexation Area Pre-Zoning / PZ2024-0001 Action: Conducted a Public Hearing and Considered the Following Action:

Introduced, Waived the Full Reading and Read by Title Only, an Ordinance of the City Council of the City of Rocklin Approving a Zoning Ordinance Amendment to Pre-Zone Two Parcels within the West Rocklin Annexation Area (West Rocklin Annexation Area Pre-Zoning/PZ2024-0001).

Principal Planner Anna Leanza presented the item to the City Council.

PUBLIC COMMENT
There were none.

Motion to approve Public Hearing Item PH1 by Council Member Broadway and seconded by Vice Mayor Bass. Passed by the following vote:

Ayes: Councilmembers Bass, Broadway, Janda, Halldin
Mayor Gayaldo
Noes: None

Absent: None
Abstain: None

FUTURE AGENDA ITEMS
There were none.
14 DRAFT Meeting Minutes of February 11, 2025 Rocklin City Council 4 | P a g e

ADJOURNMENT
Mayor Gayaldo adjourned the meeting at 6:20pm and expressed her appreciation to the Rocklin Police Department for solving a high profile crime.

This is to certify that the foregoing is a true and
correct copy of the minutes of February 11, 2025
as approved by the Rocklin City Council.

Avinta Singh, City Clerk
15 City Council
Staff Report

Subject:

Amendments to the West Rocklin Annexation Area Pre-Zoning / PC2024-0001 (Second Reading of Ordinance)
Date:

February 25, 2025
Submitted By:

Avinta Singh, City Clerk
Department:

City Clerk's Office
Recommendation:

Adopt an Ordinance of the City Council of the City of Rocklin Approving a Zoning Ordinance Amendment to Pre-Zone Two Parcels within the West Rocklin Annexation Area (West Rocklin Annexation Area Pre-Zoning PZ2024-0001).

Background:

On February 11, 2025, the City Council introduced, read by title only and waived the full reading of the following:

"An Ordinance of the City Council of the City of Rocklin Approving a Zoning Ordinance Amendment to Pre-Zone Two Parcels within the West Rocklin Annexation Area (West Rocklin Annexation Area Pre-Zoning PZ2024-0001)."

The background materials for this item are contained in the February 11, 2025 City Council
Meeting Staff Report,
located on the City's Website.

Item Number C3.

ATTACHMENTS:

1. Ordinance
16

Ordinance No. XXXX
ORDINANCE NO. XXXX

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ROCKLIN

APPROVING A ZONING ORDINANCE AMENDMENT TO PRE-ZONE

TWO PARCELS WITHIN THE WEST ROCKLIN ANNEXATION AREA
(West Rocklin Annexation Area Pre-Zoning/PZ2024-0001)
The City Council of the City of Rocklin finds and determines that:

Section 1. Purpose. The purpose of this ordinance is to amend the Zoning Map to pre-zone Assessor’s Parcel Number 365-020-076 (Parcel 1) to Planned Development 24 units per acre minimum (PD-24+) and Open Space (OS), and Assessor’s Parcel Number 017-276-003 (Parcel 2) to Planned Development Business Professional/Commercial (PD-BP/C) and Open Space (OS).

Section 2. Authority. The City Council enacts this ordinance under the authority granted to cities by Article XI, Section 7 of the California Constitution and Government Code section 37100.

Section 3. Findings.

A. The proposed pre-zone would apply zones of Planned Development Residential, 24 dwelling units per acre minimum (PD-24+) and Open Space (OS) to a 3.4-acre site (Parcel 1, APN 365-020-076), consistent with the General Plan land use designations of High Density Residential and Recreation/Conservation for the parcel, and zones of Planned Development Business Professional/Commercial (PD-BP/C) and Open Space (OS) to a 2.9-acre parcel (Parcel 2, APN 017-276- 003), consistent with the General Plan land use designations of Business Professional and Open Space for the parcel.

B. The City Zoning Map will be amended to reflect the new zoning of the sites.

C. The proposed Prezone is consistent with and implements the policies of the City of Rocklin's General Plan, including the Housing Element.

D. The land uses and their densities allowed in the proposed Prezone are not likely to create serious health problems or create nuisances on properties in the vicinity.

E. The City Council has considered the effect of the proposed Prezone on the housing needs of the region and has balanced those needs against the public service needs of its residents and available fiscal and environmental resources. 17

Ordinance No. XXXX
F. The area is physically suited to the uses authorized in the proposed general development plan and zoning.

G. The proposed Prezone is compatible with the land uses existing and permitted on the properties in the vicinity.

Section 4. Environmental Review. The Mitigated Negative Declaration (MND) prepared for the West Oaks Apartments project, consistent with the requirements of the California Environmental Quality Act (CEQA), and approved by City Council on January 23, 2024 by Resolution No. 2024-036, included Parcel 1 in the study area and the environmental analysis. The Environmental Impact Report (EIR) prepared for the 2012 General Plan Update, consistent with the requirements of CEQA, and approved by the City Council on October 10, 2012 by Resolution No. 2012-170, adequately considered any potential impacts resulting from future development of Parcel 2. As such, no additional environmental review is necessary.

Section 5. Amendments to the Zoning Map. The City Council hereby approves of the amendments to City of Rocklin Zoning Map, as provided in Exhibit A, attached hereto and incorporated by reference herein.

Section 6. Severability. If any section, sub-section, sentence, clause, phrase or portion of this Ordinance is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of the Ordinance. City Council hereby declares that it would have adopted the Ordinance and each section, sub-section, sentence, clause, phrase or portion thereof, irrespective of the fact that any one or more sections, sub-sections, sentences, clauses, phrases or portions be declared invalid or unconstitutional.

Section 7. Effective Date. This ordinance shall take effect thirty (30) days after the date of its adoption, subject to Placer County Local Agency Formation Commission’s (LAFCO) approval of the annexation of the parcels.

Section 8. Publication. Within 15 days of the passage of this ordinance, the City Clerk shall cause the full text of the ordinance, with the names of those City Councilmembers voting for and against the ordinance, to be published in the Placer Herald. In lieu of publishing the full text of the ordinance, the City Clerk, if so directed by the City Attorney and within 15 days, shall cause a summary of the ordinance, prepared by the City Attorney and with the names of the City Councilmembers voting for and against the ordinance, to be published in the Placer Herald, and shall post in the office of the City Clerk a certified copy of the full text of the ordinance, along with the names of those City Councilmembers voting for and against the ordinance. The publication of a summary of the ordinance in lieu of the full text of the ordinance is authorized only where the requirements of Government Code section 36933(c)(1) are met. 18

Ordinance No. XXXX
INTRODUCED at a regular meeting of the City Council of the City of Rocklin held on February 11, 2025, by the following vote:

AYES: Councilmembers: Bass, Broadway, Gayaldo, Halldin, Janda NOES: None
ABSENT: None
ABSTAIN: None
PASSED AND ADOPTED at a regular meeting of the City Council of the City of Rocklin held on February 25, 2025, by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:
____________________________________
Jill Gayaldo, Mayor
ATTEST:
___________________________
Avinta Singh, City Clerk
First Reading: 02/11/2025
Second Reading: 02/25/2025
Effective Date:
19

To Ordinance No. XXXX
20

To Ordinance No. XXXX
21 City Council
Staff Report

Subject:

National Opioid Litigation Settlement with Kroger Co.

Date:

February 25, 2025
Submitted By:

Elizabeth Sorg, Management Analyst
Andrew Keys, Assistant City Manager
Department:

City Manager's Office
Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving Participation in Settlement of National Opioid Litigation with Kroger Co; Appointing the City Manager as the City's Authorized Representative, and Authorizing the City Manager to Take all Reasonable and Necessary Actions.

Background:

On March 22, 2024, a nationwide settlement agreement (Settlement) was reached that resolves the legal claims of states and local political subdivisions against regional supermarket pharmacy Kroger Co. related to alleged opioid misconduct that contributed to the opioid epidemic. Approximately $1.2 billion from the Settlement will be used by participating states and subdivisions to remediate and abate the impacts of the opioid crisis. Depending on participation by states and subdivisions, the Settlement requires payments over eleven years after its effective date.

The California Department of Justice, Office of the Attorney General (OAG) has engaged all cities in the State, encouraging participation in the Settlement. According to the OAG, the settlement would resolve opioid litigation brought by states and local political subdivisions against Kroger Co. Similar to the prior national opioid settlement, the amount the State of California receives is dependent upon how many states and eligible subdivisions join the settlements.

Eligible subdivisions within each state decide whether to participate in each settlement, including acceptance of any applicable state-subdivision agreement. The California State Subdivision Agreement provides the framework for how the funds from the settlements may be distributed, allocated, and spent in California. Pursuant to that Agreement, funds received by the State of California will be divided into three funds.

1 .

State fund 15%;
2 .

California subdivision fund 15%; and
3 .

California abatement accounts fund 70%.

Item Number C4.

22 If the City does not opt in, the City’s allocation will be paid to Placer County. The settlements require the funds to be used primarily for opioid abatement. The list of approved uses is included in Attachment 2, and includes the following:

Expanded training and increased distribution of Naloxone or other FDA-approved drug to reverse opioid overdoses;
Medication-Assisted Treatment distribution and other opioid-related treatment; specific services for pregnant and postpartum women;
Expanding treatment for neonatal abstinence syndrome;
Expansion of warm hand-off programs and recovery services; Treatment for incarcerated population;
Prevention programs; and
Expanding syringe service programs.

In addition, pursuant to the California State Subdivision Agreement, no less than 50 percent of the funds must be used for one or more of the following identified High Impact Abatement Activities:

Provision of matching funds or operating costs for substance use disorder facilities within the Behavioral Health Continuum Infrastructure Program; Creating new or expanded Substance Use Disorder (SUD) Treatment infrastructure; Addressing the needs of communities of color and vulnerable populations that are disproportionately impacted by SUD;
Diversion of people with SUD from the justice system into treatment; and/or Interventions to prevent drug addiction in vulnerable youth.

The recommended action to approve participation in the settlement agreement allows the City to receive funds from the settlement. It does not obligate the City to any specific program or use of funds at this time. However, funds must be used in compliance with the proposed Subdivision Settlement Agreement (Attachment 2).

Fiscal Impact:

There is no direct fiscal impact on the City's General Fund by participating in the Settlement Agreement. By opting to participate in the Settlement the City would be entitled to receive a portion of settlement funding for opioid abatement activities.

ATTACHMENTS:

1. Resolution

2. Proposed California State-Subdivision Settlement Agreement 23 Resolution No. 2025- February 25, 2025 Page 1 of 2
1 RESOLUTION NO. 2025-

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROCKLIN

APPROVING PARTICIPATION IN SETTLEMENT OF NATIONAL OPIOID LITIGATION WITH KROGER CO; APPOINTING THE CITY MANAGER
AS THE CITY’S AUTHORIZED REPRESENTATIVE; AND AUTHORIZING

THE CITY MANAGER TO TAKE ALL REASONABLE

AND NECESSARY ACTIONS
WHEREAS, certain state and local subdivisions filed suit against pharmaceutical manufacturers and pharmacies seeking damages and injunctive relief arising from opioid use; and
WHEREAS, representatives of litigating state and local subdivisions reached settlement agreements with Kroger Co.; and
WHEREAS, pursuant to the terms of the settlement agreements, state and eligible local subdivisions must “opt-in” to the settlements; and WHEREAS, if the City of Rocklin elects to participate in the settlements, the City may receive monetary payments to fund opioid abatement costs, as defined; and WHEREAS, the City Council finds that receiving settlement funds is in the public’s interest, health, and welfare by promoting, providing and maintaining intervention, treatment, education, and recovery services to combat opioid misuse.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rocklin as follows:

Section 1. The recitals set forth above are true and correct.

Section 2. The City Council hereby approves and elects to “opt-in” to the settlements with distributor Kroger Co.

Section 3. The City Council hereby appoints the City Manager as the City’s authorized Representative and authorizes the City Manager to take all necessary and reasonable actions to effectuate the City’s participation in the settlements and sign all necessary agreements.
24 Resolution No. 2025- February 25, 2025 Page 2 of 2
1 PASSED AND ADOPTED this 25th day of February, 2025, by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:
____________________________________
Jill Gayaldo, Mayor
ATTEST:
____________________________
Avinta Singh, City Clerk
25 Proposed California State-Subdivision Agreement
Regarding Distribution and Use of
Settlement Funds – Kroger Settlement

1. Introduction
Pursuant to the Kroger Settlement Agreement, dated as of March 22, 2024, and any revision thereto as well as any modification thereto entered into by the State of California and Kroger (the “Kroger Settlement Agreement”), including Section V and Exhibit O, the State of California proposes this agreement (the “CA Kroger Allocation Agreement”) to govern the allocation, distribution, and use of Settlement Fund payments made to California pursuant to Sections IV and V of the Kroger Settlement Agreement. For the avoidance of doubt, this agreement does not apply to payments made pursuant to Section IX of the Kroger Settlement Agreement.

Pursuant to Exhibit O, Paragraph 4, of the Kroger Settlement Agreement, acceptance of this CA Kroger Allocation Agreement is a requirement to be an Initial Participating Subdivision.

2. Definitions
a) CA Participating Subdivision means a Participating Subdivision that is also (a) a Plaintiff Subdivision and/or (b) a Primary Subdivision with a population equal to or greater than 10,000. For the avoidance of doubt, eligible CA Participating Subdivisions are those California subdivisions listed in Exhibit C (excluding Litigating Special Districts) and/or Exhibit I to the Kroger Settlement Agreement. b) Allergan Settlement Agreement means the Allergan Settlement Agreement dated November 22, 2022, and any revision thereto.
c) CVS Settlement Agreement means the CVS Settlement Agreement dated December 9, 2022, and any revision thereto as well as any modification thereto entered into by the State of California and CVS.
d) Distributor Settlement Agreement means the Distributor Settlement Agreement dated July 21, 2021, and any revision thereto.
e) Janssen Settlement Agreement means the Janssen Settlement Agreement dated July 21, 2021, and any revision thereto.
f) Teva Settlement Agreement means the Teva Settlement Agreement dated November 22, 2022, and any revision thereto.
g) Walgreens Settlement Agreement means the Walgreens Settlement Agreement dated December 9, 2022, and any revision thereto.
h) Walmart Settlement Agreement means the Walmart Settlement Agreement dated November 14, 2022, and any revision thereto.
i) CA Litigating Special District means a Litigating Special District located in California. CA Litigating Special Districts include Downey Unified School District, 1 26
Elk Grove Unified School District, Kern High School District, Montezuma Fire Protection District (located in Stockton, California), Santa Barbara San Luis Obispo Regional Health Authority, Inland Empire Health Plan, Health Plan of San Joaquin, San Leandro Unified School District, Pleasant Valley School District Board, and LA Care Health Plan.
j) Plaintiff Subdivision means a Subdivision located in California, other than a CA Litigating Special District, that filed a lawsuit, on behalf of the Subdivision and/or through an official of the Subdivision on behalf of the People of the State of California, against one or more Opioid Defendants prior to October 1, 2020. k) Opioid Defendant means any defendant (including but not limited to Kroger Co., Walgreen Co., Teva Pharmaceutical Industries Ltd., Allergan Finance, LLC, Allergan Limited, CVS Health Corporation, CVS Pharmacy, Inc., Walmart Inc., Johnson & Johnson, Janssen Pharmaceuticals, Inc., Purdue Pharma L.P., Cardinal Health, Inc., AmerisourceBergen Corporation, and McKesson Corporation) named in a lawsuit seeking damages, abatement, or other remedies related to or caused by the opioid public health crisis in any lawsuit brought by any state or local government on or before October 1, 2020.

3. General Terms
This agreement is subject to the requirements of the Kroger Settlement Agreement, as well as applicable law, and the Kroger Settlement Agreement governs over any inconsistent provision of this CA Kroger Allocation Agreement. Terms used in this CA Kroger Allocation Agreement have the same meaning as in the Kroger Settlement Agreement unless otherwise defined herein.

Pursuant to Section V(D)(1) of the Kroger Settlement Agreement, (a) all Settlement Fund payments will be used for Opioid Remediation, except as allowed by Section V(B)(2) of the Kroger Settlement Agreement; and (b) at least seventy percent (70%) of Settlement Fund payment amounts will be used solely for future Opioid Remediation.

4. State Allocation
The Settlement Fund payments to California,1 pursuant to the Kroger Settlement Agreement, shall be allocated as follows: 15% to the State Fund; 70% to the Abatement Accounts Fund; and 15% to the Subdivision Fund. For the avoidance of doubt, all funds allocated to California from the Settlement Fund shall be combined pursuant to this CA Kroger Allocation Agreement, and 15% of that total shall be allocated to the State of California (the “State of California Allocation”), 70% to the California Abatement Accounts Fund (“CA Abatement Accounts Fund”), and 15% to the California Subdivision Fund (“CA Subdivision Fund”). 1 For purposes of clarity, use of the term “California” refers to the geographic territory of California and the state and its local governments therein. The term “State” or “State of California” refers to the State of California as a governmental unit. 2 27
A. State of California Allocation
Fifteen percent of the total Settlement Fund payments will be allocated to the State and used by the State for future Opioid Remediation.

B. CA Abatement Accounts Fund
i. Allocation of CA Abatement Accounts Funds
a) Seventy percent of the total Settlement Fund payments will be allocated to the CA Abatement Accounts Fund. The funds in the CA Abatement Accounts Fund will be allocated based on the allocation model developed in connection with the proposed negotiating class in the National Prescription Opiate Litigation (MDL No. 2804), as adjusted to reflect only those cities and counties that are eligible, based on population or litigation status, to become a CA Participating Subdivision. The percentage from the CA Abatement Accounts Fund allocated to each CA Participating Subdivision is set forth in Appendix 1 in the column entitled abatement percentage (the “Local Allocation”). For the avoidance of doubt, CA Litigating Special Districts and California towns, cities, and counties with a population less than 10,000 are not eligible to receive an allocation of CA Abatement Accounts Funds.
b) A CA Participating Subdivision that is a county, or a city and county, will be allocated its Local Allocation share as of the date on which it becomes a Participating Subdivision, and will receive payments as provided in the Kroger Settlement Agreement. c) A CA Participating Subdivision that is a city will be allocated its Local Allocation share as of the date on which it becomes a Participating Subdivision. The Local Allocation share for a city that is a CA Participating Subdivision will be paid to the county in which the city is located, rather than to the city, so long as: (a) the county is a CA Participating Subdivision, and (b) the city did not elect to receive its share of funds in the National Opioids Settlement with Distributors AmerisourceBergenCorporation, Cardinal Health, Inc., and McKesson Corporation (the “Distributors Settlement”). If a city later changes or has already changed its distribution election in the Distributors Settlement, that change in election will apply here, provided that the change in election is received by the settlement administrator at least 60 days prior to a Payment Date. A Local Allocation share allocated to a city but paid to a county is not required to be spent exclusively for abatement activities in that city, but will become part of the county’s share of the CA Abatement Accounts Funds, which will be used in accordance with Section 4.B.ii (Use of CA Abatement Accounts Funds) and reported on in accordance with Section 4.B.iii (CA Abatement Accounts Fund Oversight).
d) A city within a county that is a CA Participating Subdivision may opt in or out of direct payment at any time, and it may also elect direct payment of only a portion of its share, with the remainder going to the county, by providing notice to the Settlement Fund Administrator at least 60 days prior to a Payment Date. For purposes of this CA Kroger Allocation Agreement, the Cities of Los Angeles, Oakland, San Diego, San Jose and 3 28
Eureka will be deemed to have elected direct payment if they become Participating Subdivisions.
e) The State will receive the Local Allocation share of any payment to the Settlement Fund that is attributable to a county or city that is eligible to become a CA Participating Subdivision, but that has not, as of the date of that payment to the Settlement Fund, become a Participating Subdivision.
f) Funds received by a CA Participating Subdivision, and not expended or encumbered within five years of receipt and in accordance with the Kroger Settlement Agreement and this CA Kroger Allocation Agreement shall be transferred to the State; provided however, that CA Participating Subdivisions have seven years to expend or encumber CA Abatement Accounts Funds designated to support capital outlay projects before they must be transferred to the State. This provision shall not apply to the Cost Reimbursement Funds, which shall be controlled by Appendix 2.
ii. Use of CA Abatement Accounts Funds
a) The CA Abatement Accounts Funds will be used for future Opioid Remediation in one or more of the areas described in the List of Opioid Remediation Uses, which is Exhibit E to the Kroger Settlement Agreement.
b) In addition to this requirement, no less than 50% of the funds received by a CA Participating Subdivision from the Abatement Accounts Fund in each calendar year will be used for one or more of the following High Impact Abatement Activities:
(1) the provision of matching funds or operating costs for substance use disorder facilities within the Behavioral Health Continuum Infrastructure Program; (2) creating new or expanded Substance Use Disorder (“SUD”) treatment infrastructure; (3) addressing the needs of communities of color and vulnerable populations (including sheltered and unsheltered homeless populations) that are disproportionately impacted by SUD;
(4) diversion of people with SUD from the justice system into treatment, including by providing training and resources to first and early responders (sworn and non-sworn) and implementing best practices for outreach, diversion and deflection, employability, restorative justice, and harm reduction; (5) interventions to prevent drug addiction in vulnerable youth, including but not limited to, youth in foster care, juvenile justice-impacted youth, youth experiencing adversities related to socioeconomic status, and unhoused youth; and/or (6) the purchase of naloxone for distribution and efforts to expand access to naloxone for opioid overdose reversals.
4 29
c) The California Department of Health Care Services (“DHCS”) may add to this list (but not delete from it) by designating additional High Impact Abatement Activities. DHCS will make reasonable efforts to consult with stakeholders, including the CA Participating Subdivisions, before adding additional High Impact Abatement Activities to this list. d) For the avoidance of doubt, and subject to the requirements of the Kroger Settlement Agreement and applicable law, CA Participating Subdivisions may form agreements or ventures, or otherwise work in collaboration with, federal, state, local, tribal or private sector entities in pursuing Opioid Remediation activities funded from the CA Abatement Accounts Fund. Further, provided that all CA Abatement Accounts Funds are used for Opioid Remediation consistent with the Kroger Settlement Agreement and this CA Kroger Allocation Agreement, a county and any cities or towns within the county may agree to reallocate their respective shares of the CA Abatement Accounts Funds among themselves, provided that any direct distribution may only be to a CA Participating Subdivision and any CA Participating Subdivision must agree to their share being reallocated.
iii. CA Abatement Accounts Fund Oversight
a) Pursuant to Section 5 below, CA Participating Subdivisions receiving settlement funds must prepare and file reports annually regarding the use of those funds. DHCS may regularly review the reports prepared by CA Participating Subdivisions about the use of CA Abatement Accounts Funds for compliance with the Kroger Settlement Agreement and this CA Kroger Allocation Agreement.
b) If DHCS determines that a CA Participating Subdivision’s use of CA Abatement Accounts Funds is inconsistent with the Kroger Settlement Agreement or this CA Kroger Allocation Agreement, whether through review of reports or information from any other sources, DHCS shall send a request to meet and confer with the CA Participating Subdivision. The parties shall meet and confer in an effort to resolve the concern. c) If the parties are unable to reach a resolution, DHCS may conduct an audit of the Subdivision’s use of the CA Abatement Accounts Funds within one year of the request to meet and confer, unless the parties mutually agree in writing to extend the meet and confer time frame.
d) If the concern still cannot be resolved, the State may bring a motion or action in the court where the State has filed its Consent Judgment to resolve the concern or otherwise enforce the requirements of the Kroger Settlement Agreement or this CA Kroger Allocation Agreement. However, in no case shall any audit be conducted, or motion be brought, as to a specific expenditure of funds, more than five years after the date on which the expenditure of the funds was reported to DHCS, in accordance with this agreement.
5 30
e) Notwithstanding the foregoing, this Agreement does not limit the statutory or constitutional authority of any state or local agency or official to conduct audits, investigations, or other oversight activities, or to pursue administrative, civil, or criminal enforcement actions.

C. CA Subdivision Fund
i. Fifteen percent of the total Settlement Fund payments will be allocated to the CA Subdivision Fund. All funds in the CA Subdivision Fund will be allocated among the Plaintiff Subdivisions that are Initial Participating Subdivisions. The funds will be used, subject to any limits imposed by the Kroger Settlement Agreement and this CA Kroger Allocation Agreement, to fund future Opioid Remediation and reimburse past opioid- related expenses, which may include fees and expenses related to litigation, and to pay the reasonable fees and expenses of the Special Master as set forth in Appendix 2.

The CA Subdivision Funds will be allocated as follows:
a) First, funds in the CA Subdivision Fund shall be used to pay the Special Master’s reasonable fees and expenses in accordance with the procedures and limitations set forth in Appendix 2 to this document;
b) Second, funds will be allocated to Plaintiff Subdivisions that are Initial Participating Subdivisions that have been awarded Costs, as defined by and in accordance with the procedures and limitations set forth in Appendix 2 to this document. c) Funds remaining in the CA Subdivision Fund, which shall consist of no less than 50% of the total CA Subdivision Fund received in any year pursuant to Appendix 2, Section 2.c.v, will be distributed to Plaintiff Subdivisions that are Initial Participating Subdivisions, in relative proportion to the Local Allocation. These funds shall be used to fund future opioid-related projects and to reimburse past opioid-related expenses, which may include fees and expenses related to litigation against any Opioid Defendant.

D. Provision for State Back-Stop Agreement
On August 6, 2021, Judge Dan Polster of the U.S. District Court, Northern District of Ohio, Eastern Division, issued an order (ECF Docket Number 3814) (“MDL Fees Order”) in the National Prescription Opiate Litigation (MDL No. 2804) “cap[ping] all applicable contingent fee agreements at 15%.” Private counsel representing Plaintiff Subdivisions should seek its contingency fees and costs from the Attorney Fee Fund or Cost Funds under the Kroger Settlement Agreement, and, if applicable, the Teva Settlement Agreement, Allergan Settlement Agreement, CVS Settlement Agreement, Distributor Settlement Agreement, Janssen Settlement Agreement, and Walmart Settlement Agreement.

A Plaintiff Subdivision may separately agree to use its share of the CA Subdivision Fund to pay for fees or costs incurred by its contingency-fee counsel (“State Back-Stop Agreement”), 6 31
pursuant to Exhibit R, section I(CC), of the Kroger Settlement Agreement and the MDL Fees Order, so long as such contingency fees do not exceed a total contingency fee of 15% of the total gross recovery of the Plaintiff Subdivision pursuant to the Kroger Settlement, inclusive of contingency fees from the national Attorney Fee Fund and this State Back-Stop Agreement.

Before seeking fees or litigation costs and expenses from a State Back-Stop Agreement, private counsel representing Plaintiff Subdivisions must first seek contingency fees and costs from the Attorney Fee Fund or Cost Funds created under the Kroger Settlement Agreement. Further, private counsel may only seek reimbursement for litigation fees and costs that have not previously been reimbursed through prior settlements or judgments.

To effectuate a State Back-Stop Agreement pursuant to this section, an agreement in the form of Appendix 3 may be entered into by a Plaintiff Subdivision, private counsel, and the California Office of the Attorney General. The California Office of the Attorney General shall, upon the request of a Plaintiff Subdivision, execute any agreement executed by a Plaintiff Subdivision and its private counsel if it is in the form of Appendix 3. The California Office of the Attorney General will also consider requests from Plaintiff Subdivisions to execute and enter into agreements presented in other forms.

For the avoidance of doubt, this agreement does not require a Plaintiff Subdivision to request or enter into a State Back-Stop Agreement, and no State Back-Stop Agreement shall impose any duty or obligation on the State of California or any of its agencies or officers, including without limitation the Attorney General.

5. State and Subdivision Reporting
a) DHCS will prepare an annual written report regarding the State’s use of funds from the settlement until those funds are fully expended and for one year thereafter. These reports will be made publicly available on the DHCS web site.
b) Each CA Participating Subdivision that receives payments of funds from the settlement will prepare written reports at least annually regarding the use of those funds, until those funds are fully expended and for one year thereafter. These reports will also include a certification that all funds that the CA Participating Subdivision has received through the settlement have been used in compliance with the Kroger Settlement Agreement and this CA Kroger Allocation Agreement. The report will be in a form reasonably determined by DHCS. Prior to specifying the form of the report DHCS will confer with representatives of the Plaintiff Subdivisions.
c) The State and all CA Participating Subdivisions receiving CA Abatement Accounts Funds will track all deposits and expenditures. Each such subdivision is responsible solely for the CA Abatement Accounts Funds it receives. A county is not responsible for oversight, reporting, or monitoring of CA Abatement Accounts Funds received by a city within that county that receives direct payment. Unless otherwise exempt, Subdivisions’ expenditures and uses of CA Abatement Accounts Funds and other Settlement Funds will be subject to the normal budgetary and expenditure process of the Subdivision. 7 32
d) Each Plaintiff Subdivision receiving CA Subdivision Funds will track all deposits and expenditures, as required by the Kroger Settlement Agreement and this CA Kroger Allocation Agreement. Among other things, Plaintiff Subdivisions using monies from the CA Subdivision Fund for purposes that do not qualify as Opioid Remediation must identify and include in their annual report, the amount and how such funds were used, including if used to pay attorneys’ fees, investigation costs, or litigation costs. Pursuant to Section V(B)(2) of the Kroger Settlement Agreement, such information must also be reported to the Settlement Fund Administrator and Kroger. e) In each year in which DHCS prepares an annual report DHCS will also host a meeting to discuss the annual report and the Opioid Remediation activities being carried out by the State and Participating Subdivisions.

6. Miscellaneous
a) The State or any CA Participating Subdivision may bring a motion or action in the court where the State has filed its Consent Judgment to enforce the requirements of this CA Kroger Allocation Agreement. Before filing such a motion or action the State will meet and confer with any CA Participating Subdivision that is the subject of the anticipated motion or action, and vice versa.
b) Except as provided in the Kroger Settlement Agreement, this CA Kroger Allocation Agreement is not enforceable by any party other than the State and the CA Participating Subdivisions. It does not confer any rights or remedies upon, and shall not be enforceable by, any third party.
c) Except as provided in the CA Kroger Allocation Agreement, if any provision of this agreement or the application thereof to any person, entity, or circumstance shall, to any extent, be invalid or unenforceable, the remainder of this agreement, or the application of such provision to persons, entities, or circumstances other than those as to which it is invalid or unenforceable, will not be affected thereby, and each other provision of this agreement will be valid and enforceable to the fullest extent permitted by law. d) Except as provided in the Kroger Settlement Agreement, this agreement shall be governed by and interpreted in accordance with the laws of California. 8 33
The undersigned, Rocklin city, ACKNOWLEDGES acceptance of this Proposed California State- Subdivision Agreement Regarding Distribution and Use of Settlement Funds – Kroger Settlement is a requirement to be an Initial Participating Subdivision in the Kroger Settlement and ACCEPTS this Proposed California State-Subdivision Agreement Regarding Distribution and Use of Settlement Funds – Kroger Settlement. EXECUTED on /date_1_kroger/.

Signature: /signer_1_kroger/

Name: /name_1_kroger/

Title: /title_1_kroger/

Date: /date_1_kroger/

9 34
APPENDIX 1
DISCLAIMER: The allocation percentages herein are estimates only and should not be relied on for decisions regarding legal rights, releases, waivers, or other decisions affecting current or potential legal claims. Percentages shown in the Plaintiff Subdivision Percentage column may change pursuant to Section 4.C. of the California State-Subdivision Agreement Regarding Distribution and Use of Settlement Funds—Kroger Settlement, whereas the percentages shown in the Abatement Percentage column should not change. Participating Subdivisions, underlying calculations, and the calculated allocation percentages are subject to change.

Regarding the column herein entitled “Abatement Percentage,” pursuant to Section 4.B.e., the State of California will receive the Local Allocation share of any payment to the Settlement Fund that is attributable to a county or city that is eligible to become a CA Participating Subdivision, but that has not, as of the date of that payment to the Settlement Fund, become a Participating Subdivision.

Regarding the column herein entitled “Plaintiff Subdivision Percentage,” payments allocated to a Plaintiff Subdivision, which is not an Initial Participating Subdivision, will be re-allocated among the Plaintiff Subdivisions that are Initial Participating Subdivisions.

Regarding the column herein entitled “Abatement Percentage,” the annotation of “100%” refers to one-hundred percent (100%) of the California Abatement Account Funds received, pursuant to Section 4.B. Regarding the column herein entitled “Plaintiff Subdivision Percentage,” the annotation of “100%” refers to one-hundred percent (100%) of the California Subdivision Funds received, pursuant to Section 4.C. Regarding the column herein entitled “Weighted Allocation Percentage,” the annotation of “100%” refers to one- hundred percent (100%) of the combined and weighted allocation of the Abatement Percentage and the Plaintiff Subdivision Percentage.
35 APPENDIX 1
1 of 15
100.000% 100.000% 100.000%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
County Alameda County Alameda 2.332% 2.853% 2.4237952%
City Alameda Alameda 0.069% 0.0570162%
City Albany Alameda 0.013% 0.0107768%
City Berkeley Alameda 0.152% 0.1249656%
City Dublin Alameda 0.033% 0.040% 0.0338810%
City Emeryville Alameda 0.023% 0.0185765%
City Fremont Alameda 0.108% 0.0888576%
City Hayward Alameda 0.117% 0.0966218%
City Livermore Alameda 0.054% 0.0446740%
City Newark Alameda 0.026% 0.0217626%
City Oakland Alameda 0.486% 0.595% 0.5055601%
City Piedmont Alameda 0.014% 0.0114064%
City Pleasanton Alameda 0.067% 0.0554547%
City San Leandro Alameda 0.039% 0.0321267%
City Union City Alameda 0.043% 0.0352484%
County Amador County Amador 0.226% 0.277% 0.2349885%
County Butte County Butte 1.615% 1.975% 1.6783178%
City Chico Butte 0.216% 0.264% 0.2246499%
City Oroville Butte 0.079% 0.0646595%
County Calaveras County Calaveras 0.226% 0.277% 0.2351644% County Colusa County Colusa 0.059% 0.0489221%
County Contra Costa County Contra Costa 2.102% 2.571% 2.1844585% City Antioch Contra Costa 0.037% 0.0301879%
City Brentwood Contra Costa 0.026% 0.0215339%
City Clayton Contra Costa 0.002% 0.0018060%
City Concord Contra Costa 0.055% 0.0456676%
City Danville Contra Costa 0.010% 0.0082255%
City El Cerrito Contra Costa 0.023% 0.0189024%
City Hercules Contra Costa 0.010% 0.0078273%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City Lafayette Contra Costa 0.006% 0.0046030%
36 APPENDIX 1
2 of 15
City Martinez Contra Costa 0.012% 0.0098593%
City Moraga Contra Costa 0.004% 0.0031007%
City Oakley Contra Costa 0.010% 0.0079416%
City Orinda Contra Costa 0.005% 0.0038157%
City Pinole Contra Costa 0.013% 0.0110909%
City Pittsburg Contra Costa 0.053% 0.0436369%
City Pleasant Hill Contra Costa 0.013% 0.0106309%
City Richmond Contra Costa 0.146% 0.1201444%
City San Pablo Contra Costa 0.018% 0.0148843%
City San Ramon Contra Costa 0.021% 0.0176459%
City Walnut Creek Contra Costa 0.026% 0.0212132%
County Del Norte County Del Norte 0.114% 0.140% 0.1189608% County El Dorado County El Dorado 0.768% 0.939% 0.7980034% City Placerville El Dorado 0.015% 0.0127642%
City South Lake Tahoe El Dorado 0.081% 0.0665456%
County Fresno County Fresno 1.895% 2.318% 1.9693410%
City Clovis Fresno 0.065% 0.0536211%
City Coalinga Fresno 0.012% 0.0098554%
City Fresno Fresno 0.397% 0.3270605%
City Kerman Fresno 0.005% 0.0042534%
City Kingsburg Fresno 0.008% 0.0066167%
City Mendota Fresno 0.002% 0.0019387%
City Orange Cove Fresno 0.004% 0.0035607%
City Parlier Fresno 0.008% 0.0069755%
City Reedley Fresno 0.012% 0.0098804%
City Sanger Fresno 0.018% 0.0146135%
City Selma Fresno 0.015% 0.0127537%
County Glenn County Glenn 0.107% 0.131% 0.1116978%
County Humboldt County Humboldt 1.030% 1.260% 1.0703185% Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City Arcata Humboldt 0.054% 0.0447660%
City Eureka Humboldt 0.117% 0.143% 0.1216284%
City Fortuna Humboldt 0.032% 0.0266837%
County Imperial County Imperial 0.258% 0.315% 0.2679006% 37 APPENDIX 1
3 of 15
City Brawley Imperial 0.011% 0.0087986%
City Calexico Imperial 0.019% 0.0152799%
City El Centro Imperial 0.158% 0.1302522%
City Imperial Imperial 0.006% 0.0048791%
County Inyo County Inyo 0.073% 0.089% 0.0754413%
County Kern County Kern 2.517% 3.079% 2.6159145%
City Arvin Kern 0.006% 0.0046425%
City Bakersfield Kern 0.212% 0.1747198%
City California City Kern 0.009% 0.0070820%
City Delano Kern 0.030% 0.0249316%
City McFarland Kern 0.003% 0.0025644%
City Ridgecrest Kern 0.015% 0.0120938%
City Shafter Kern 0.013% 0.0103417%
City Tehachapi Kern 0.009% 0.0073580%
City Wasco Kern 0.008% 0.0069861%
County Kings County Kings 0.293% 0.2413469%
City Avenal Kings 0.007% 0.0056335%
City Corcoran Kings 0.013% 0.0107032%
City Hanford Kings 0.027% 0.0226038%
City Lemoore Kings 0.016% 0.0131900%
County Lake County Lake 0.795% 0.6545389%
City Clearlake Lake 0.041% 0.050% 0.0426253%
City Lakeport Lake 0.021% 0.026% 0.0222964%
County Lassen County Lassen 0.319% 0.391% 0.3320610%
City Susanville Lassen 0.027% 0.0219295%
County Los Angeles County Los Angeles 13.896% 16.999% 14.4437559% Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City Agoura Hills Los Angeles 0.005% 0.0040024%
City Alhambra Los Angeles 0.042% 0.0343309%
City Arcadia Los Angeles 0.033% 0.0267718%
City Artesia Los Angeles 0.001% 0.0005100%
City Azusa Los Angeles 0.026% 0.0210857%
City Baldwin Park Los Angeles 0.027% 0.0218520%
City Bell Los Angeles 0.008% 0.0068783%
38 APPENDIX 1
4 of 15
City Bellflower Los Angeles 0.002% 0.0014485%
City Bell Gardens Los Angeles 0.014% 0.0114301%
City Beverly Hills Los Angeles 0.065% 0.0534897%
City Burbank Los Angeles 0.100% 0.0823132%
City Calabasas Los Angeles 0.006% 0.0048948%
City Carson Los Angeles 0.019% 0.0159805%
City Cerritos Los Angeles 0.005% 0.0039682%
City Claremont Los Angeles 0.010% 0.0082584%
City Commerce Los Angeles 0.000% 0.0002971%
City Compton Los Angeles 0.044% 0.0361882%
City Covina Los Angeles 0.028% 0.0229127%
City Cudahy Los Angeles 0.001% 0.0006020%
City Culver City Los Angeles 0.055% 0.0449894%
City Diamond Bar Los Angeles 0.001% 0.0006993%
City Downey Los Angeles 0.052% 0.0429994%
City Duarte Los Angeles 0.003% 0.0027261%
City El Monte Los Angeles 0.031% 0.038% 0.0318985%
City El Segundo Los Angeles 0.033% 0.0268020%
City Gardena Los Angeles 0.034% 0.0278088%
City Glendale Los Angeles 0.166% 0.1366586%
City Glendora Los Angeles 0.016% 0.0134411%
City Hawaiian Gardens Los Angeles 0.005% 0.0040549%
City Hawthorne Los Angeles 0.050% 0.0407833%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City Hermosa Beach Los Angeles 0.018% 0.0145307%
City Huntington Park Los Angeles 0.023% 0.0190667%
City Inglewood Los Angeles 0.059% 0.0489195%
City La Cañada Flintridge Los Angeles 0.003% 0.0025565% City Lakewood Los Angeles 0.005% 0.0039971%
City La Mirada Los Angeles 0.010% 0.0081572%
City Lancaster Los Angeles 0.045% 0.0369689%
City La Puente Los Angeles 0.002% 0.0012999%
City La Verne Los Angeles 0.024% 0.0194190%
City Lawndale Los Angeles 0.002% 0.0017731%
39 APPENDIX 1
5 of 15
City Lomita Los Angeles 0.004% 0.0031940%
City Long Beach Los Angeles 0.439% 0.3614151%
City Los Angeles Los Angeles 2.715% 3.321% 2.8218811%
City Lynwood Los Angeles 0.016% 0.0134345%
City Malibu Los Angeles 0.002% 0.0019269%
City Manhattan Beach Los Angeles 0.032% 0.0260686%
City Maywood Los Angeles 0.004% 0.0035528%
City Monrovia Los Angeles 0.031% 0.0254455%
City Montebello Los Angeles 0.030% 0.0250670%
City Monterey Park Los Angeles 0.031% 0.0256677%
City Norwalk Los Angeles 0.031% 0.0258228%
City Palmdale Los Angeles 0.046% 0.0375827%
City Palos Verdes Estates Los Angeles 0.006% 0.0053102% City Paramount Los Angeles 0.011% 0.0091483%
City Pasadena Los Angeles 0.146% 0.1200524%
City Pico Rivera Los Angeles 0.022% 0.0183333%
City Pomona Los Angeles 0.111% 0.0911933%
City Rancho Palos Verdes Los Angeles 0.002% 0.0012645%
City Redondo Beach Los Angeles 0.062% 0.0506992%
City Rosemead Los Angeles 0.003% 0.0028260%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City San Dimas Los Angeles 0.003% 0.0022016%
City San Fernando Los Angeles 0.013% 0.0104837%
City San Gabriel Los Angeles 0.018% 0.0147726%
City San Marino Los Angeles 0.009% 0.0073791%
City Santa Clarita Los Angeles 0.022% 0.0178167%
City Santa Fe Springs Los Angeles 0.031% 0.0257531%
City Santa Monica Los Angeles 0.158% 0.1298513%
City Sierra Madre Los Angeles 0.006% 0.0048646%
City Signal Hill Los Angeles 0.010% 0.0084884%
City South El Monte Los Angeles 0.005% 0.0039603%
City South Gate Los Angeles 0.020% 0.0166272%
City South Pasadena Los Angeles 0.012% 0.0095334%
City Temple City Los Angeles 0.005% 0.0039498%
40 APPENDIX 1
6 of 15
City Torrance Los Angeles 0.112% 0.0919820%
City Walnut Los Angeles 0.006% 0.0047305%
City West Covina Los Angeles 0.049% 0.0404521%
City West Hollywood Los Angeles 0.013% 0.0108517%
City Whittier Los Angeles 0.032% 0.0260581%
County Madera County Madera 0.349% 0.427% 0.3630669%
City Chowchilla Madera 0.012% 0.0097332%
City Madera Madera 0.039% 0.0318441%
County Marin County Marin 0.564% 0.690% 0.5861325%
City Larkspur Marin 0.015% 0.0124697%
City Mill Valley Marin 0.020% 0.0168401%
City Novato Marin 0.028% 0.0229824%
City San Anselmo Marin 0.009% 0.0078062%
City San Rafael Marin 0.089% 0.0729823%
County Mariposa County Mariposa 0.084% 0.103% 0.0876131% County Mendocino County Mendocino 0.439% 0.536% 0.4558394% City Ukiah Mendocino 0.039% 0.0317153%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
County Merced County Merced 0.551% 0.674% 0.5724262%
City Atwater Merced 0.024% 0.0195846%
City Livingston Merced 0.006% 0.0045873%
City Los Banos Merced 0.020% 0.0165142%
City Merced Merced 0.061% 0.0500762%
County Modoc County Modoc 0.065% 0.080% 0.0678250%
County Mono County Mono 0.023% 0.029% 0.0242606%
County Monterey County Monterey 0.908% 1.111% 0.9437083% City Greenfield Monterey 0.006% 0.0050552%
City King City Monterey 0.005% 0.0037355%
City Marina Monterey 0.017% 0.0144098%
City Monterey Monterey 0.041% 0.0336540%
City Pacific Grove Monterey 0.009% 0.0074842%
City Salinas Monterey 0.094% 0.0776576%
City Seaside Monterey 0.023% 0.0191772%
City Soledad Monterey 0.007% 0.0060870%
41 APPENDIX 1
7 of 15
County Napa County Napa 0.288% 0.352% 0.2994325%
City American Canyon Napa 0.017% 0.0136869%
City Napa Napa 0.078% 0.0642783%
County Nevada County Nevada 0.441% 0.539% 0.4579827%
City Grass Valley Nevada 0.024% 0.0197805%
City Truckee Nevada 0.003% 0.0023843%
County Orange County Orange 4.364% 5.339% 4.5363576%
City Aliso Viejo Orange 0.014% 0.0113841%
City Anaheim Orange 0.554% 0.678% 0.5759282%
City Brea Orange 0.086% 0.0708897%
City Buena Park Orange 0.087% 0.0714352%
City Costa Mesa Orange 0.124% 0.152% 0.1288366%
City Cypress Orange 0.033% 0.0271937%
City Dana Point Orange 0.001% 0.0005560%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City Fountain Valley Orange 0.055% 0.0455980%
City Fullerton Orange 0.137% 0.168% 0.1425744%
City Garden Grove Orange 0.213% 0.1752482%
City Huntington Beach Orange 0.247% 0.302% 0.2568420%
City Irvine Orange 0.139% 0.170% 0.1442350%
City Laguna Beach Orange 0.047% 0.058% 0.0493043%
City Laguna Hills Orange 0.014% 0.0115457%
City Laguna Niguel Orange 0.001% 0.0007071%
City Laguna Woods Orange 0.001% 0.0006546%
City La Habra Orange 0.060% 0.073% 0.0621049%
City Lake Forest Orange 0.012% 0.0101249%
City La Palma Orange 0.012% 0.0095439%
City Los Alamitos Orange 0.008% 0.0069190%
City Mission Viejo Orange 0.014% 0.0117560%
City Newport Beach Orange 0.179% 0.1470134%
City Orange Orange 0.150% 0.1231320%
City Placentia Orange 0.029% 0.035% 0.0298912%
City Rancho Santa Margarita Orange 0.001% 0.0006296%
City San Clemente Orange 0.008% 0.010% 0.0086083%
42 APPENDIX 1
8 of 15
City San Juan Capistrano Orange 0.008% 0.0065510%
City Santa Ana Orange 0.502% 0.614% 0.5213866%
City Seal Beach Orange 0.020% 0.0165891%
City Stanton Orange 0.035% 0.0291955%
City Tustin Orange 0.073% 0.0600341%
City Westminster Orange 0.104% 0.127% 0.1082721%
City Yorba Linda Orange 0.044% 0.0362223%
County Placer County Placer 1.045% 1.278% 1.0861002%
City Auburn Placer 0.017% 0.0141114%
City Lincoln Placer 0.031% 0.0255599%
City Rocklin Placer 0.076% 0.0625485%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City Roseville Placer 0.196% 0.1616559%
County Plumas County Plumas 0.205% 0.251% 0.2128729%
County Riverside County Riverside 4.534% 5.547% 4.7128296% City Banning Riverside 0.017% 0.0143848%
City Beaumont Riverside 0.021% 0.0171135%
City Blythe Riverside 0.012% 0.0096714%
City Canyon Lake Riverside 0.000% 0.0001761%
City Cathedral City Riverside 0.067% 0.0553614%
City Coachella Riverside 0.021% 0.0173054%
City Corona Riverside 0.147% 0.1207083%
City Desert Hot Springs Riverside 0.024% 0.0200433%
City Eastvale Riverside 0.000% 0.0002747%
City Hemet Riverside 0.051% 0.0421792%
City Indio Riverside 0.056% 0.0457794%
City Jurupa Valley Riverside 0.001% 0.0008991%
City Lake Elsinore Riverside 0.021% 0.0172949%
City La Quinta Riverside 0.063% 0.0516732%
City Menifee Riverside 0.032% 0.0260909%
City Moreno Valley Riverside 0.137% 0.1130348%
City Murrieta Riverside 0.048% 0.059% 0.0497423%
City Norco Riverside 0.016% 0.0134542%
City Palm Desert Riverside 0.083% 0.0682465%
43 APPENDIX 1
9 of 15
City Palm Springs Riverside 0.076% 0.0629862%
City Perris Riverside 0.009% 0.0076774%
City Rancho Mirage Riverside 0.052% 0.0431098%
City Riverside Riverside 0.268% 0.2206279%
City San Jacinto Riverside 0.010% 0.0085936%
City Temecula Riverside 0.022% 0.0180086%
City Wildomar Riverside 0.008% 0.0062500%
County Sacramento County Sacramento 3.797% 4.645% 3.9465887% Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City Citrus Heights Sacramento 0.057% 0.0465312%
City Elk Grove Sacramento 0.130% 0.1066994%
City Folsom Sacramento 0.108% 0.0890850%
City Galt Sacramento 0.017% 0.0143704%
City Rancho Cordova Sacramento 0.008% 0.0067679%
City Sacramento Sacramento 0.721% 0.882% 0.7496530%
County San Benito County San Benito 0.106% 0.130% 0.1101417% City Hollister San Benito 0.027% 0.0225355%
County San Bernardino County San Bernardino 3.259% 3.987% 3.3878124% City Adelanto San Bernardino 0.008% 0.0066640%
City Apple Valley San Bernardino 0.025% 0.0207360%
City Barstow San Bernardino 0.015% 0.0122056%
City Chino San Bernardino 0.064% 0.0525893%
City Chino Hills San Bernardino 0.001% 0.0006388%
City Colton San Bernardino 0.031% 0.0253443%
City Fontana San Bernardino 0.112% 0.0920543%
City Grand Terrace San Bernardino 0.006% 0.0051051%
City Hesperia San Bernardino 0.035% 0.0291522%
City Highland San Bernardino 0.004% 0.0029061%
City Loma Linda San Bernardino 0.009% 0.0071188%
City Montclair San Bernardino 0.039% 0.0322108%
City Ontario San Bernardino 0.179% 0.1472934%
City Rancho Cucamonga San Bernardino 0.084% 0.0689431%
City Redlands San Bernardino 0.057% 0.0469150%
City Rialto San Bernardino 0.073% 0.0603206%
44 APPENDIX 1
10 of 15
City San Bernardino San Bernardino 0.178% 0.1461880%
City Twentynine Palms San Bernardino 0.002% 0.0012605%
City Upland San Bernardino 0.052% 0.0424460%
City Victorville San Bernardino 0.033% 0.0269400%
City Yucaipa San Bernardino 0.016% 0.0128772%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City Yucca Valley San Bernardino 0.003% 0.0021228%
County San Diego County San Diego 5.706% 6.980% 5.9309748% City Carlsbad San Diego 0.128% 0.1050485%
City Chula Vista San Diego 0.189% 0.231% 0.1961456%
City Coronado San Diego 0.044% 0.0359095%
City El Cajon San Diego 0.113% 0.0933582%
City Encinitas San Diego 0.061% 0.074% 0.0630289%
City Escondido San Diego 0.145% 0.1192204%
City Imperial Beach San Diego 0.014% 0.0118283%
City La Mesa San Diego 0.055% 0.068% 0.0575593%
City Lemon Grove San Diego 0.022% 0.0183911%
City National City San Diego 0.080% 0.0656808%
City Oceanside San Diego 0.213% 0.1753428%
City Poway San Diego 0.062% 0.0511040%
City San Diego San Diego 1.975% 2.416% 2.0531169%
City San Marcos San Diego 0.089% 0.0733897%
City Santee San Diego 0.033% 0.0268401%
City Solana Beach San Diego 0.017% 0.0138564%
City Vista San Diego 0.052% 0.0425144%
Consolidated San Francisco San Francisco 3.026% 3.702% 3.1457169% County San Joaquin County San Joaquin 1.680% 2.055% 1.7460399% City Lathrop San Joaquin 0.009% 0.0075394%
City Lodi San Joaquin 0.053% 0.0439484%
City Manteca San Joaquin 0.054% 0.0443454%
City Ripon San Joaquin 0.013% 0.0104219%
City Stockton San Joaquin 0.313% 0.383% 0.3256176%
City Tracy San Joaquin 0.084% 0.0692047%
County San Luis Obispo County San Luis Obispo 0.816% 0.999% 0.8484126% 45 APPENDIX 1
11 of 15
City Arroyo Grande San Luis Obispo 0.024% 0.0199053%
City Atascadero San Luis Obispo 0.029% 0.0240680%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City El Paso de Robles (Paso Robles) San Luis Obispo 0.043% 0.0353456% City Grover Beach San Luis Obispo 0.017% 0.0137881%
City Morro Bay San Luis Obispo 0.020% 0.0160922%
City San Luis Obispo San Luis Obispo 0.077% 0.0637841%
County San Mateo County San Mateo 1.074% 1.313% 1.1159599% City Belmont San Mateo 0.021% 0.0169860%
City Burlingame San Mateo 0.019% 0.0152537%
City Daly City San Mateo 0.044% 0.0363880%
City East Palo Alto San Mateo 0.013% 0.0103982%
City Foster City San Mateo 0.020% 0.0166101%
City Half Moon Bay San Mateo 0.004% 0.0031638%
City Hillsborough San Mateo 0.013% 0.0110029%
City Menlo Park San Mateo 0.015% 0.0126209%
City Millbrae San Mateo 0.013% 0.0105836%
City Pacifica San Mateo 0.016% 0.0130625%
City Redwood City San Mateo 0.056% 0.0463511%
City San Bruno San Mateo 0.021% 0.0172161%
City San Carlos San Mateo 0.013% 0.0108885%
City San Mateo San Mateo 0.052% 0.0425841%
City South San Francisco San Mateo 0.043% 0.0353943%
County Santa Barbara County Santa Barbara 1.132% 1.385% 1.1768968% City Carpinteria Santa Barbara 0.001% 0.0008938%
City Goleta Santa Barbara 0.004% 0.0028969%
City Lompoc Santa Barbara 0.047% 0.0389379%
City Santa Barbara Santa Barbara 0.122% 0.1004559%
City Santa Maria Santa Barbara 0.058% 0.0479179%
County Santa Clara County Santa Clara 2.404% 2.941% 2.4987553% City Campbell Santa Clara 0.014% 0.0112566%
City Cupertino Santa Clara 0.008% 0.0066824%
City Gilroy Santa Clara 0.025% 0.0202891%
46 APPENDIX 1
12 of 15
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City Los Altos Santa Clara 0.013% 0.0103338%
City Los Gatos Santa Clara 0.013% 0.0103220%
City Milpitas Santa Clara 0.036% 0.0298120%
City Morgan Hill Santa Clara 0.015% 0.0124619%
City Mountain View Santa Clara 0.041% 0.0334608%
City Palo Alto Santa Clara 0.039% 0.0323080%
City San Jose Santa Clara 0.294% 0.360% 0.3054960%
City Santa Clara Santa Clara 0.067% 0.0549723%
City Saratoga Santa Clara 0.004% 0.0034161%
City Sunnyvale Santa Clara 0.053% 0.0434069%
County Santa Cruz County Santa Cruz 0.783% 0.957% 0.8135396% City Capitola Santa Cruz 0.020% 0.0168191%
City Santa Cruz Santa Cruz 0.143% 0.1180348%
City Scotts Valley Santa Cruz 0.015% 0.0126525%
City Watsonville Santa Cruz 0.063% 0.0520136%
County Shasta County Shasta 1.095% 1.339% 1.1380191%
City Anderson Shasta 0.024% 0.0198896%
City Redding Shasta 0.284% 0.2334841%
City Shasta Lake Shasta 0.004% 0.0031993%
County Siskiyou County Siskiyou 0.228% 0.279% 0.2373393% County Solano County Solano 0.760% 0.6260795%
City Benicia Solano 0.031% 0.0253903%
City Dixon Solano 0.016% 0.0130849%
City Fairfield Solano 0.109% 0.0897317%
City Suisun City Solano 0.021% 0.0176183%
City Vacaville Solano 0.119% 0.0976497%
City Vallejo Solano 0.167% 0.1373644%
County Sonoma County Sonoma 1.218% 1.490% 1.2661290%
City Healdsburg Sonoma 0.032% 0.0266929%
City Petaluma Sonoma 0.081% 0.0667507%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
47 APPENDIX 1
13 of 15
City Rohnert Park Sonoma 0.041% 0.0340759%
City Santa Rosa Sonoma 0.184% 0.1519070%
City Sonoma Sonoma 0.022% 0.0183438%
City Windsor Sonoma 0.016% 0.0129298%
County Stanislaus County Stanislaus 1.722% 1.4182273%
City Ceres Stanislaus 0.041% 0.0340260%
City Modesto Stanislaus 0.217% 0.1788759%
City Newman Stanislaus 0.006% 0.0046964%
City Oakdale Stanislaus 0.018% 0.0145531%
City Patterson Stanislaus 0.015% 0.0126590%
City Riverbank Stanislaus 0.010% 0.0085699%
City Turlock Stanislaus 0.065% 0.0531966%
County Sutter County Sutter 0.306% 0.374% 0.3179548%
City Yuba City Sutter 0.074% 0.0606242%
County Tehama County Tehama 0.213% 0.261% 0.2216654%
City Red Bluff Tehama 0.014% 0.0117771%
County Trinity County Trinity 0.082% 0.101% 0.0855476%
County Tulare County Tulare 0.809% 0.990% 0.8410949%
City Dinuba Tulare 0.014% 0.0116929%
City Exeter Tulare 0.004% 0.0032479%
City Farmersville Tulare 0.003% 0.0027879%
City Lindsay Tulare 0.007% 0.0057111%
City Porterville Tulare 0.021% 0.0171845%
City Tulare Tulare 0.037% 0.0302273%
City Visalia Tulare 0.066% 0.0545872%
County Tuolumne County Tuolumne 0.486% 0.594% 0.5047621% County Ventura County Ventura 2.192% 2.681% 2.2781201%
City Camarillo Ventura 0.002% 0.0012815%
City Fillmore Ventura 0.002% 0.0020294%
City Moorpark Ventura 0.008% 0.0067337%
Participating
Subdivision
Classification
Participating Subdivision County Abatement
Percentage
Plaintiff
Subdivision
Percentage
Weighted
Allocation
Percentage
City Oxnard Ventura 0.156% 0.190% 0.1617338%
City Port Hueneme Ventura 0.021% 0.0174145%
City San Buenaventura (Ventura) Ventura 0.085% 0.0702181% 48 APPENDIX 1
14 of 15
City Santa Paula Ventura 0.014% 0.0119072%
City Simi Valley Ventura 0.065% 0.0533043%
City Thousand Oaks Ventura 0.022% 0.0179902%
County Yolo County Yolo 0.357% 0.437% 0.3713319%
City Davis Yolo 0.055% 0.0451747%
City West Sacramento Yolo 0.066% 0.0544321%
City Woodland Yolo 0.058% 0.0477904%
County Yuba County Yuba 0.214% 0.262% 0.2225679%
City Marysville Yuba 0.014% 0.0112079%
49 1
APPENDIX 2
Cost Reimbursement Procedure

1. Additional defined terms:
a) Costs means the reasonable amounts paid for the attorney and other City Attorney and County Counsel staff time for individuals employed by a Plaintiff Subdivision at the contractual rate, inclusive of benefits and overhead, together with amounts paid for court reporters, experts, copying, electronic research, travel, vendors, and the like, which were not previously reimbursed and which were paid or incurred (i) prior to December 31, 2022 in litigation against any Opioid Defendant and/or (ii) in negotiating and drafting any CA Allocation Agreement(s) concerning a settlement with any Opioid Defendant(s).

Costs does not include attorneys’ fees, costs, or expenses incurred by private contingency fee counsel. No part of the CA Abatement Accounts Fund will be used to reimburse Costs.
b) First Claims Date means October 1, 2023 or when all applications for reimbursement of Costs, in whole or in part, from funds available under Section IX and Exhibit R of the Walgreens Settlement Agreement, Section XIV and Exhibit R of the Teva Settlement Agreement, Section XIII and Exhibit R of the Allergan Settlement Agreement, Section X and Exhibit R of the Distributor Settlement Agreement, Section XI and Exhibit R of the Janssen Settlement Agreement, Section X and Exhibit R of the CVS Settlement Agreement, or Section IX and Exhibit R of the Walmart Settlement Agreement, have been finally determined under the provisions of those agreements, whichever comes first. c) Special Master means a retired judicial officer or former public lawyer, not presently employed or retained by a Plaintiff Subdivision, who will aggregate, review, and determine the reasonable Costs to be awarded to each Plaintiff Subdivision that submits a claim for reimbursement of Costs. The Special Master will be selected by a majority vote of the votes cast by Plaintiff Subdivisions, with each such subdivision having one vote. d) Plaintiff Subdivision Committee means the committee of Plaintiff Subdivisions that will review and approve the invoices submitted by the Special Master reflecting his or her reasonable time and expenses.

2. Cost Reimbursement to Plaintiff Subdivision
a) Purpose. Substantial resources have been expended to hold Opioid Defendants accountable for creating and profiting from the opioid crisis, and this effort has been a significant catalyst in creating National Opioid Settlements with various manufacturers, distributors, and chain pharmacies.
///
50 2
b) Claims Procedure.
i. If a Plaintiff Subdivision is eligible to seek reimbursement of Costs, in whole or in part, from funds available under Section IX and Exhibit R of the Kroger Settlement Agreement, Section IX and Exhibit R of the Walgreens Settlement Agreement, Section XIV and Exhibit R of the Teva Settlement Agreement, Section XIII and Exhibit R of the Allergan Settlement Agreement, Section X and Exhibit R of the CVS Settlement Agreement, Section IX and Exhibit R of the Walmart Settlement Agreement, Section X or Exhibit R of the Distributor Settlement Agreement, or Section XI or Exhibit R of the Janssen Settlement Agreement, it must first make a timely application for reimbursement from such funds. To allow sufficient time for determination of those applications, no claim for Costs to the CA Subdivision Fund under this Agreement may be made before the First Claims Date. ii. A Plaintiff Subdivision that wishes to be reimbursed from the CA Subdivision Fund must submit a claim to the Special Master no later than forty-five (45) days after the First Claims Date. The Special Master will then compile and redistribute the aggregated claim totals for each Plaintiff Subdivision via email to representatives of all the Plaintiff Subdivisions. A claim for attorney and staff time must list, for each attorney or staff member included in the claim, the following information: name, title, total hours claimed, hourly rate (including, if sought, benefits and share of overhead), and narrative summarizing the general nature of the work performed by the attorney or staff member. For reimbursement of “hard” costs, the subdivision may aggregate across a category (e.g., total for travel costs). It is the intention of the Plaintiff Subdivisions that submission of documents related to reimbursement of Costs does not waive any attorney-client privilege or exemptions to the California Public Records Act.
iii. The Special Master may request, at his or her sole option, additional documents or details to assist in the final award of Costs.
iv. The Special Master will review claims for reasonableness and will notify each Plaintiff Subdivision of the final determination of its claim, and will provide a list of all final awards to all Plaintiff Subdivisions by email or, upon request, via First Class U.S. Mail. Any Plaintiff Subdivision may ask the Special Master to reconsider any final award within twenty-one (21) days. The Special Master will make a final determination on any such reconsideration request within thirty (30) days of receipt. v. Any decision of the Special Master is final and binding, and will be considered under the California Arbitration Act, Code of Civil Procedure section 1280 et seq. as a final arbitration award. Nothing in this agreement is intended to expand the scope of judicial review of the final award for errors of fact or law, and the Parties agree that they may only seek to vacate the award if clear and convincing evidence demonstrates one of the factors set forth in Code of Civil Procedure, section 1286.2, subdivision (a). Plaintiff Subdivisions will have fourteen (14) days after all final awards are made, together with any final determination of a request for 51 3
reconsideration, to seek review in the Superior Court of California, pursuant to Code of Civil Procedure, section 1285, where the State has filed its Consent Judgment. vi. The Special Master will prepare a report of Costs that includes his or her fees and expenses at least ninety (90) days before the Payment Date for each Annual Payment. The Special Master’s preparation of a report of Costs does not discharge a Plaintiff Subdivision’s reporting requirement under Section V(B)(2) of the Kroger Settlement Agreement.
vii. A member of the Plaintiff Subdivision Committee, which is a CA Participating Subdivision, will submit to the Settlement Fund Administrator and Kroger a report of the fees and expenses incurred by the Special Master pursuant to Section V(B)(2) of the Kroger Settlement Agreement.
c) Claims Priority and Limitation.
i. The Special Master will submit invoices for compensation of reasonable fees and expenses to the Plaintiff Subdivision Committee no later than ninety (90) days prior to the Payment Date for each Annual Payment. The Plaintiff Subdivision Committee will promptly review and, if reasonable, approve the Special Master’s invoice for compensation. The Plaintiff Subdivision Committee will submit approved invoices to the Settlement Fund Administrator for payment. The Special Master’s approved invoices have priority and will be paid first from the CA Subdivision Fund before any award of Costs, subject to the limitation in Section 2.c.v below. ii. Final Awards of Costs that do not exceed seventy-five thousand dollars ($75,000.00) will be paid next in priority after the Special Master’s approved invoices.
iii. Final Awards of Costs in excess of seventy-five thousand dollars ($75,000.00) will be paid proportionally from the funds remaining in that year’s Annual Payment. iv. Any claim for Costs that is not paid in full will be allocated against the next year’s distribution from the CA Subdivision Fund, until all approved claims for Costs are paid in full.
v. In no event will more than 50% of the total CA Subdivision Fund received in any year be used to pay Costs or the Special Master’s approved invoices. vi. In no event shall more than $28 million of the total CA Subdivision Funds paid pursuant to the Kroger Settlement Agreement, Walgreens Settlement Agreement, Teva Settlement Agreement, Allergan Settlement Agreement, Distributor Settlement Agreement, CVS Settlement Agreement, Janssen Settlement Agreement, and the Walmart Settlement Agreement be used to pay Costs.
52 4
d) Collateral Source Payments and Third-Party Settlement. i. In the event a Plaintiff Subdivision is awarded compensation, in whole or in part, by any source of funds created as a result of litigation against an Opioid Defendant for its reasonable Costs, it will reduce its claim for Costs from the CA Subdivision Fund by that amount. If a Plaintiff Subdivision has already received a final award of Costs from the CA Subdivision Fund, it will repay the fund up to the prior award of Costs via a payment to the Settlement Fund Administrator or notify the Settlement Fund Administrator that its allocation from the next and subsequent Annual Payments should be reduced accordingly. If the Plaintiff Subdivision is repaying any prior award of Costs, that repayment will occur as soon as is feasible after the Plaintiff Subdivision’s receipt of Cost funds from the collateral source, but no more than 90 days after its receipt from the collateral source. The Settlement Fund Administrator will add any repaid Costs to the CA Subdivision Fund. Any Plaintiff Subdivision that has submitted for reimbursement to any national fund and has not received a final determination by the First Claims Date may request that the settlement administrator withhold some or all of its payment from the CA Subdivision Fund in order to avoid repayment.
ii. In the event a Plaintiff Subdivision reaches a monetary settlement or compromise against any Opioid Defendant outside of the National Opioid Settlement, the monetary portion of such settlement, net of fees paid to outside contingency fee counsel and of funds earmarked strictly for abatement, will be credited against its Costs and the subdivision will be ineligible to recover those credited Costs from the CA Subdivision Fund. Plaintiff Subdivisions negotiating monetary settlements or compromises against any Opioid Defendant outside of the National Opioid Settlement will negotiate for funds to repay any Costs it previously received from the CA Subdivision Fund or for Costs it otherwise might be eligible to claim from the CA Subdivision Fund. If such a settlement is paid after all final approved claims for Costs by all Plaintiff Subdivisions are satisfied in full, the settling subdivision will reimburse the CA Subdivision Fund in that amount by making payment to the Settlement Fund Administrator to add to the CA Subdivision Fund in a manner consistent with the repayments described in section 2.d.i above. 53 1
APPENDIX 3

CALIFORNIA-SUBDIVISION BACKSTOP AGREEMENT
On August 6, 2021, Judge Polster of the US District Court for the Northern District of Ohio issued an Order (the Order), docket number 3814, in In Re National Prescription Opiate Litigation, MDL 2804, addressing contingent attorney fee contracts between political subdivisions eligible to participate in the Kroger Settlement and their counsel.

In light of the Order, and at the request of [SUBDIVISION], the [SUBDIVISION], its counsel [COUNSEL], and the California Attorney General, on behalf of the State of California, are entering into this California-Subdivision Backstop Agreement (Backstop Agreement). [SUBDIVISION] and [COUNSEL] intend this Backstop Agreement to constitute a State Back- Stop Agreement as that term is used in the Order and in Exhibit R (Agreement on Attorneys’ Fees, Costs, and Expenses) of the Kroger Settlement Agreement.

Pursuant to this Backstop Agreement, [SUBDIVISION] may, subject to the limitations of the Kroger Settlement Agreement and CA Kroger Allocation Agreement, as well as any other limitations imposed by law, use funds that it receives from the Kroger Settlement CA Subdivision Fund to pay a contingent fee to [COUNSEL]. Any such payment from [SUBDIVISION] to [COUNSEL], together with any contingency fees that [COUNSEL] may receive from the national Attorney Fee Fund, will not exceed a total contingency fee of [PERCENTAGE NOT TO EXCEED 15%] of the total gross recovery of [SUBDIVISION] from the Kroger Settlement.
[COUNSEL] certify that they first sought fees and costs from the Attorney Fee Fund created under the Kroger Settlement Agreement before seeking or accepting payment under this backstop agreement. [COUNSEL] further certify that they are not seeking and will not accept payment under this backstop agreement of any litigation fees or costs that have been reimbursed through prior settlements or judgments.

The Attorney General is executing this agreement solely because the definition of “State Back- Stop Agreement” in Exhibit R of the Kroger Settlement Agreement requires such agreements to be between “a Settling State” and private counsel for a participating subdivision. Neither the California Attorney General nor the State of California have any obligations under this Backstop Agreement, and this Backstop Agreement does not require the payment of any state funds to [SUBDIVISION], [COUNSEL], or any other party.
[DATE] [SUBDIVISION SIGNATURE BLOCK]
[DATE] [COUNSEL SIGNATURE BLOCK]
[DATE] [ATTORNEY GENERAL SIGNATURE BLOCK]
54 City Council
Staff Report

Subject:

Clover Valley Funding Agreement
Date:

February 25, 2025
Submitted By:

Matthew McOmber, City Attorney
Aly Zimmermann, City Manager
Department:

City Council
Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Approving the Use of Funds Agreement between the City of Rocklin and Placer Land Trust for Clover Valley.

Background:

On January 27, 2025, the Rocklin City Council directed staff to prepare an agreement between the City of Rocklin and the Placer Land Trust for a $2,000,000 donation toward the purchase of property within Clover Valley, often referred to as the "slopes and valley floor." The City Council provided direction on certain deal points to be included in the agreement, which are reflected in the proposed Use of Funds Agreement (Attachment 2). These deal points include, but are not limited to:

The City shall provide $2,000,000 in funding to be used toward the acquisition of the property and the recordation of a conservation easement on the property. The City shall have no obligation to cover any fees or costs associated with the property purchase.

Funds will be placed in an escrow account and may only be distributed for the purchase of the property.

If the property is not purchased within one year of the agreement’s execution, the funds will be returned to the City.

The property owner shall allow public access in perpetuity, including trails, recreational use, and educational facilities.

The City shall review and approve any property management plan.

The City Council also directed staff to allocate one-time Fiscal Year (FY) 2023/24 year-end General Fund surplus resources to fund the donation. The attached resolution (Attachment 1) authorizes the City Manager to allocate these resources for this purpose. Upon approval, the Mayor will sign the agreement on behalf of the City, and staff will arrange for the donation to be deposited into an escrow account, pending the property's purchase.

Item Number C5.

55 Fiscal Impact:

The $2,000,000 donation, funded by one-time FY 2023/24 General Fund year-end surplus resources, will not impact ongoing City operations. Availability of funds is contingent upon City Council approval of the FY 2023/24 General Fund year end surplus resources recommendation list, which is included in Discussion Item 2 on the February 25, 2025 City Council meeting agenda.

ATTACHMENTS:

1. Resolution

2. Resolution Exhibit A - Use of Funds Agreement
56 RESOLUTION 2025-XXX

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROCKLIN

APPROVING THE USE OF FUNDS AGREEMENT BETWEEN

THE CITY OF ROCKLIN AND PLACER LAND TRUST FOR CLOVER VALLEY WHEREAS, on January 27, 2025, the City Council of the City of Rocklin directed staff to prepare an agreement between the City of Rocklin and Placer Land Trust for a $2,000,000 donation toward the purchase of property within Clover Valley, often referred to as the "valley slopes and floor”; and
WHEREAS, the City Council outlined specific requirements to ensure the protection of funds and to provide a public benefit, including placing the funds in an escrow account, requiring the recordation of a conservation easement, mandating public access in perpetuity, and ensuring the City's review and approval of a property management plan, as outlined in Exhibit A; and
WHEREAS, the City Council directed staff to use the one-time Fiscal Year 2023/24 year-end General Fund surplus resources to fund the donation.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rocklin as follows:

Section 1. The Use of Funds Agreement between the City of Rocklin and Placer Land Trust for Clover Valley is hereby approved, in substantially the form attached hereto as Exhibit A, with funding allocated from the General Fund (100) fund balance.

PASSED AND ADOPTED this 25 th day of February, 2025, by the City Council of the City of Rocklin, by the following vote:

AYES: Councilmember
NOES: Councilmember
ABSENT: Councilmember
ABSTAIN: Councilmember
__________________________
Jill Gayaldo, Mayor
ATTEST:
__________________________
Avinta Singh, City Clerk
57 USE OF FUNDS AGREEMENT BETWEEN THE CITY OF ROCKLIN AND THE

PLACER LAND TRUST FOR CLOVER VALLEY ACQUISITION AND

PROTECTION VIA CONSERVATION EASEMENT

This Use of Funds Agreement (“Agreement”) is made and entered into this _____________ day of _____________ 2025, by and between the City of Rocklin, hereinafter referred to as the "City," and the Placer Land Trust ("PLT”), a private non- profit 501(c)(3) public benefit organization, hereinafter referred to as "Grantee" (collectively referred to as the "Parties").

RECITALS

WHEREAS, Clover Valley consists of approximately 622 acres west of Sierra College Boulevard and Union Pacific Railroad and east of Park Drive within the City of Rocklin, and is one of the last remaining, intact sections of oak and riparian woodlands in western Placer County;

WHEREAS, Clover Valley includes expanses of oak woodland, with approximately 27,000 oak trees in addition to grassland and riparian habitats, an approximately 20-acre wetland that supports California Black Rail, a California threatened bird species, Swainson's Hawk critical foraging habitats, and the perennial Clover Valley Creek that supported salmonids as recently as 1985;

WHEREAS, Clover Valley has been home to Native Americans for over 7,000 years and was a major tribal center according to archeologists that includes at least 34 prehistoric sites;

WHEREAS, Clover Valley is also currently the site of an approved development with entitlements for several hundred single family homes and associated infrastructure across the valley floor;

WHEREAS, the Parties have an interest in assisting in the purchase, acquisition, and protection of approximately 402 or more acres within the Clover Valley, sometimes referred to as the “valley slopes and floors ,” which is more particularly depicted in the map attached and incorporated hereto as Exhibit A (the "Property") for the purposes of conservation of not only Oak Trees and other associated habitat , but also for other public benefit purposes;

WHEREAS, the Parties have an interest in ensuring the Property is permanently protected by a conservation easement ("Conservation Easement");

WHEREAS, use of City funds for the acquisition and recordation of a Conservation Easement on the Property provides significant public benefit s since protection of the Property preserves open space land within the City and County, protects Oak woodlands and associated habitat and sensitive biological resources, ensures natural resources within the C ity will be preserved for future generations, and furthers the policies of the City’s General Plan/Open Space Conservation and Recreation Element;

58 WHEREAS, the City Council further finds that conservation of the Property will enhance the quality of life for members of the public and residents in numerous ways, including but not limited to enhancing the overall aesthetic of the City as a result of the unique, scenic landscapes of the Property and in addition, conservation of the Property will protect the natural and ecological integrity of the area and facilitate the ability of future generations to view and enjoy these benefits;

WHEREAS, in order to achieve the aforementioned public benefits and purposes, the City desires to contribute up to two million dollars ( $2,000,000) to Grantee to assist in acquisition of the Property and recordati on of a Conservation Easement on the Property;

WHEREAS, the Parties acknowledge that $2,000,000 is a portion of the total cost to purchase the Property and other non-City of Rocklin donations, contributions, and sources of funds are anticipated to provide the majority of project funding, up to the approximately ten million dollar ($10,000,000) purchase price.

NOW, THEREFORE, it is hereby agreed by and between the Parties as follows:

1. The Recitals above are true and correct and are incorporated into this Agreement.

2. City shall provide to Grantee funds in the amount of two million and no/100 dollars ($2,000,000) (the "Grant Funds") that shall go toward acquisition of the Property and recordation of a Conservation Easement on the Property. Grantee shall provide City with the escrow account into which the Grant Funds will be deposited, along with any other information reasonably necessary to allow the City to wire or otherwise deliver the Grant F unds to Grantee; within twenty (20) days of either execution of this Agreement or Grantee having provided notice, whichever is later, the City shall deposit the funds into escrow.

3. Grantee shall use Grant Funds exclusively for the purchase of the Property and recordation of a Conservation Easement of the Property and shall provide a written confirmation of the transfer of funds for the purchase of the Property and recordation of a Conservation Easement in a format reasonably acceptable to the City, including an accounting of the use of the Grant Funds upon request by the City.

4. Grantee shall recognize in any advertisements, signage, plans or other documentation that the permanent protection of the Property was funded in part by the City of Rocklin. Recognition of the City of Rocklin shall be provided in the same manner as recognition provided to other funding entities.

5. Grantee shall comply with all laws, rules, and regulations applicable to the use of the Grant Funds.

6. Grantee agrees that the Grant Funds are provided for and shall be used exclusively for the acquisition of the Property and the Conservation Easement and shall not be used for any purpose not specified in this Agreement. Accordingly , Grantee further agrees that if the Property is not ultimately purchased, or if a Conservation Easement is not recorded upon the Property within one (1) year of 59 execution of this Agreement, if the Grant Funds or any amount thereof are not used exclusively to pay for the purchase of the Property, or if any other condition for the donation is not timely met, Grantee shall return the Grant Funds in their entirety without delay to the City.

7. The Parties agree that the Conservation Easement placed upon the Property shall be recorded, it shall be in perpetuity, and it shall allow for public access and recreation and educational purposes . Management and enforcement of the Conservation Easement, including approval right s within the Conservation Easement, shall rest with Grantee exclusively such that Grantor shall not be expected to, nor shall it have any obligation or requirement to manage or enforce any aspect of the Property and shall not be required to incur any expense, cost, fee, outlay, or other burden with respect to the Property; provided however that any and all management plans and similar documents shall be subject to City review and approval as set forth in section 10 herein..

8. In no event shall the maximum amount payable by the City under this agreement exceed two million dollars ( $2,000,000). Further, City shall have no obligation whatsoever to pay for any costs or fees that may be associated with the Property, escrow, escrow fees, post -acquisition costs, management, management plans, state or federal income or property taxes, recor ding fees, maintenance costs, or any and all other types of fees.

9. In the event that Grantee is not the Property owner at any point in time subsequent to the execution of this Agreement, Grantee shall enter into an agreement with the owner of the Property to establish and record a conservation easement.

10. Any management plan or similar document prepared for the administration of the Property must be reviewed and approved by the City to ensure compliance with this agreement, to ensure it meets City expectations for public access and further, to ensure any impacts to the City are timely and fully addressed to the City’s reasonable satisfaction.

11. To the fullest extent permitted by law, Grantee shall indemnify and hold harmless City, its elected officials, officers, employees, agents, and volunteers against all claims, suits, actions, costs, expenses (including, but not limited to, reasonable attorney's fees of the City Attorney and counsel retained by City, expert fees, litigation costs, and investigation costs), damages, judgments, or decrees arising from the work or the provision of services undertaken pursuant to this agreement by Grantee, or by any of Grantee's subcontractors, any person emp loyed under Grantee, or under any subcontractor, or in any capacity, except when the injury or loss is caused by the sole negligence or intentional wrongdoing of City. Grantee shall also, at Grantee’s expense, defend the City, its elected officials, officers, employees, agents, and volunteers, against any claim, suit, action, or proceeding brought against City, its elected officials, officers, employees, agents, and volunteers, arising from the work or the provision of services undertaken pursuant to this a greement by Grantee , or any of Grantee’s subcontractors, any person employed under Grantee, or under any Subcontractor, or in any capacity. Grantee shall also defend and indemnify City for any adverse determination made by the Internal Revenue Service or t he State Franchise Tax Board and/or any other 60 taxing or regulatory agency and shall defend, indemnify, and hold harmless City with respect to Grantee’s “ independent contractor” status that would establish a liability on City for failure to make social security deductions or contributions or income tax withholding payments, or any other legally mandated payment. The provisions of this paragraph are intended to be interpreted as broadly as permitted by applicable law. This provision shall survive the terminat ion, expiration, or cancellation of this agreement.

12. City's rights regarding (a) the format and content of the Conservation Easement described in paragraphs 3 and 7 above, and (b) recognition of City per paragraph 4 above, shall not supersede Grantee's obligations to other project funders and landowner(s) of the Property, and the resolution of any inconsistency among project funders regarding paragraphs 3, 4, and 7 herein will be reasonably and cooperatively determined by the Parties to this Agreement and the parties to the Conservation Easement.

13. All notices to either party that may be required or authorized by this Agreement shall be in writing and either deposited in the United States Mail, postage prepaid or personally delivered. The notice shall be eff ective upon the date of personal delivery or date of mailing. Notices regarding this Agreement shall be sent or delivered to:

Grantee:

Placer Land Trust
Attn: Executive Director
922 Lincoln Way, Ste. 200
Auburn, CA 95603

City:

City of Rocklin
Office of the
City Manager
3970 Rocklin Road
Rocklin, CA 95677

Either party may amend its address for notice by notifying the other party in writing.

14. This Agreement shall inure to the benefit of, and bind the parties hereto, and their successors and assigns, including any and all entities to whom the Property herein referred to may be transferred by reason of incorporation, annexation, unification, consolidation or for any other reason.

15. Grantee acknowledges, understands and agrees that each and every one of its obligations, promises, and consideration set forth in this agreement does and shall constitute an independent condition on which the City’s contribution is made and that in the event of Grantee’s breach of any term of this Agreement , or failure of Grantee to timely fulfill obligation or promise, Grantee shall return the Grant Funds without delay to the City in their entirety.

16. If any provision of this Agreement, as applicable to eit her party, or to any other person or circumstance, is for any reason held to be invalid, it shal l not affect the 61 validity of any other provision of this Agreement. The waiver by either party hereto, of any breach, term, covenant or condition contained herein shall not constitute a waiver of any subsequent term, covenant or condition contained herein.

17. This is an integrated Agreement and contains all of the terms, conditions, understandings and promises of the parties. The terms of this Agreement may not be modified except upon the mutual written consent of the parties.

18. This Agreement may be executed in duplicate counterparts. Each counterpart shall be an original and both together shall constitute but one and the same document.

This Agreement shall not be deemed executed unless and until at least one counterpart bears the signatures of all parties' designated signatories. In addition, this Agreement and future documents relating to this Agreement may be digitally signed in accordance with California law. Any party to this Agreement may revoke such agreement to permit electronic signatures at any time in relation to all future documents by providing notice pursuant to this Agreement.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on behalf of the persons duly authorized by the governing boards of the parties hereto.

Placer Land Trust

By: ____________________________
Its: Executive Director

Date: __________________________

City of Rocklin

By: ____________________________
Its: Mayor

Date: __________________________

APPROVED AS TO FORM:

MATTHEW McOMBER
City Attorney

By: ___________________________
Matthew McOmber, City Attorney

62 ATTEST:

By: ___________________________
Avinta Singh, City Clerk
63 Exhibit A- 2022 Clover Valley Floor Acquisition (402 acres) c::::J Clover Valley Preserve
- Perennial Streams
Roads
City Limits
100 Foot Contours
I
N
A
PLACER
LAND Tll:UST
I
0 0.13 0.25 Miles 64
City Council
Staff Report

Subject:

Accounts Paid List - October to December 2024
Date:

February 25, 2025
Submitted By:

Diane Ahn, Accounting Officer
Daniel Choe, Administrative Services Deputy Director
Department:

Administrative Services - Finance
Recommendation:

Receive the Accounts Paid List for October 1, 2024 to December 31, 2024.

Background:

The Accounts Paid List (Attachment 1) details expenses paid to vendors, types of expenses, and the amount paid for the period between October 1, 2024 to December 31, 2024.

Fiscal Impact:

This report will not have a direct fiscal impact. The items included are either within the current year budget or have been approved through budget amendments.

Item Number C6.

ATTACHMENTS:

1. Accounts Paid Summary
65 66
67 68
69 70
71 72
73 74
75 City Council
Staff Report

Subject:

Annual Comprehensive Financial Report and GANN Appropriations Limit Schedule for the Fiscal Year ended June 30, 2024
Date:

February 25, 2025
Submitted By:

Diane Ahn, Accounting Officer
Daniel Choe, Administrative Services Deputy Director
Department:

Administrative Services - Finance
Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Accepting the Annual Comprehensive Financial Report and GANN Appropriations Limit Schedule for the Fiscal Year Ended June 30, 2024.

Background:

Rocklin Municipal Code, Title 2, Section 2.28.030, requires an annual audit of all City financial transactions by an independent auditor and the submission of an audit report to the City Council. Additionally, California Constitution Article XIIIB Section 1.5 requires a review of the annual appropriations limit (GANN) as part of an annual financial audit.

The City contracted with Chavan & Associates LLP, a firm of Certified Public Accountants licensed to practice in the State of California, to perform the annual independent audit and prepare the Annual Comprehensive Financial Report (ACFR) (Attachment 2). The following are the financial highlights for the fiscal year ended June 30, 2024, as reported in the ACFR.

Government-Wide

As of the close of Fiscal Year (FY) 2023/24, the City’s assets and deferred outflows exceeded its total liabilities and deferred inflows by $427.9 million, reflecting an increase of $7.5 million (1.8%) from previous year’s $420.3 million. This net position serves as an indicator of the City’s overall financial health and ability to meet future obligations.

The City’s Government-Wide General Revenues increased by 10.2%, from $74.6 million to $82.2 million. These revenues come from sources such as property tax, sales and use tax, gas tax, transient occupancy tax, motor vehicle fees, franchise fees, impact fees, investment earnings, and other revenues. In FY 2023/24, property taxes increased by 5.2%, sales tax and use tax by 9.5%, impact fees by 157.5%, and investment earnings by 94.8%. Program Revenues – which includes fees and grants tied to specific services – declined by 16.5% ($3.8 million) from the prior year.

Item Number C7.

76 The City’s Government-Wide expenses increased by 7% from $87.8 million to $93.9 million.

This rise is attributed to the cost of providing essential services, maintaining infrastructure, and other operational needs. Despite the increase, the City’s overall financial position remains stable.

General Fund
General Fund revenues for FY 2023/24 totaled $68 million, while expenditures amounted to $66.1 million. The General Fund received $5.9 million in transfers from other funds and transferred $0.56 million to other funds, resulting in a net increase of $7.3 million in the fund balance. This growth was driven by higher revenues from property tax, sales and use tax, and interest earnings, along with salary savings and lower spending on infrastructure projects.

Financial Audit
The auditor's letters to the City Council (Attachments 4 and 5) are required by audit standards, and they convey there were no difficulties encountered performing the audit or disagreements between the auditors and City staff, upcoming accounting pronouncements, and other information relative to the audited financial statements.

GANN Appropriations Limit
Under Article XIIIB of the California Constitution (the GANN Spending Limitations Initiative), California governmental agencies are restricted in the amount of annual appropriations derived from tax proceeds. Section 1.5 of Article XIIB, effective July 1, 1990, requires a limited procedures review of the appropriation limit as part of the annual audit. The audits for the fiscal year ending June 30, 2024 reviewed the City’s GANN Appropriation Limit Schedule, and no exceptions were noted (Attachment 3).

Staff recommends the City Council accept the ACFR and GANN Appropriations Limit Schedule for the fiscal year ended June 30, 2024, and the auditor's letters to the City Council for the following reasons:

An annual audit is required by the Rocklin Municipal Code, and federal and state grant requirements.

The public accounting firm of Chavan & Associates, LLP has audited the City's FY 2023/24 financial statements and has issued an unqualified ("clean") auditor's opinion that the financial statements are fairly presented in accordance with generally accepted accounting principles, as well as there were no reported material weaknesses or significant deficiencies.

The auditor's letters to the City Council reflects no significant audit issues or disagreements with management relative to the audit.

Chavan & Associates, LLP has reviewed the GANN appropriations limit for the fiscal year ended June 30, 2024, per established procedures, and no exceptions were noted.

Fiscal Impact:

There is no direct fiscal impact to the General Fund from the staff recommendation.

77 ATTACHMENTS:

1. Resolution

2. Resolution Exhibit A - ACFR

3. Resolution Exhibit B - GANN Appropriations Limit

4. Governance Communication

5. Management Letter
78 Resolution No. 2025- February 25, 2025 Page 1 of 1
1 RESOLUTION NO. 2025-

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROCKLIN

ACCEPTING THE ANNUAL COMPREHENSIVE FINANCIAL REPORT AND

GANN APPROPRIATIONS LIMIT SCHEDULE FOR THE FISCAL YEAR
ENDED JUNE 30, 2024
WHEREAS, Chavan & Associates LLP performed an independent financial audit for the City of Rocklin for fiscal year ended June 30, 2024, and prepared the Annual Comprehensive Financial Report (ACFR); and
WHEREAS, Chavan & Associates LLP has issued an unqualified (“clean”) auditor’s opinion, with no reported material weaknesses or significant deficiencies; and WHEREAS, Chavan & Associates LLP reviewed the (GANN) appropriations limit for the fiscal year ended June 30, 2024, per established procedures, and no exceptions were noted.

NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Rocklin as follows:

Section 1. The Annual Comprehensive Financial Statements and Gann Appropriations Limit Schedule for the fiscal year ended June 30, 2024, attached hereto as Exhibit “A” and Exhibit “B,” are accepted.

PASSED AND ADOPTED this 25th day of February, 2025, by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:
____________________________________
Jill Gayaldo, Mayor
ATTEST:
____________________________
Avinta Singh, City Clerk
79 ANNUAL COMPREHENSIVE

FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2024
80 This page is intentionally blank
81 Annual Comprehensive Financial Report
For the Fiscal Year Ended June 30, 2024
Prepared by

ADMINISTRATIVE SERVICES DEPARTMENT

FINANCE DIVISION
Daniel Choe, Deputy Director of Administrative Services/City Treasurer Diane Ahn, Accounting Officer
Angela Doyle, Senior Accountant
In conjunction with Department Staff
82 Page Intentionally Left Blank
83 Vision Statement
To become a city that provides its citizens with
exceptional quality of life, while maintaining its
small town sense of community.
84 This page is intentionally blank
85 CITY OF ROCKLIN

ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2024

TABLE OF CONTENTS

INTRODUCTORY SECTION
Transmittal Letter ................................................................................................................................................... 1 Organizational Chart .............................................................................................................................................. 5 Directory of City Officials ...................................................................................................................................... 6 Location Map ......................................................................................................................................................... 7

F

INANCIAL SECTION
Independent Auditor’s Report .............................................................................................................................. 11 Management’s Discussion and Analysis (Required Supplementary Information) ............................................... 16

Basic Financial Statements:

Government-Wide Financial Statements:

Statement of Net Position ........................................................................................................................ 29 Statement of Activities ............................................................................................................................ 30 Fund Financial Statements
Governmental Funds:

Balance Sheet .................................................................................................................................... 32 Reconciliation of the Government Funds Balance Sheet to the Government-Wide Financial Statement of Net Position ....................................................... 34 Statement of Revenues, Expenditures and Changes in Fund Balances ............................................ 35 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-Wide Statement of Activities .......................................................................................................... 37 Proprietary Funds (Internal Service Funds):

Statement of Net Position ................................................................................................................. 38 Statement of Revenues, Expenses, and Changes in Fund Net Position ............................................ 39 Statement of Cash Flows .................................................................................................................. 40 Fiduciary Funds:

Statement of Fiduciary Net Position ................................................................................................. 41 Statement of Changes in Fiduciary Net Position .............................................................................. 42

Notes to the Basic Financial Statements ........................................................................................................ 45 Note 1 – Significant Accounting Policies ............................................................................................. 45 Note 2 – Cash and Investments ............................................................................................................. 58 Note 3 – Accounts Receivable .............................................................................................................. 62 Note 4 – Leases Receivable ................................................................................................................... 63 Note 5 – Interfund Transactions ............................................................................................................ 63 Note 6 – Loans Receivable .................................................................................................................... 65 Note 7 – Capital Assets ......................................................................................................................... 67 Note 8 – Noncurrent Liabilities ............................................................................................................. 68 Note 9 – Net Position/Fund Balance ..................................................................................................... 70 Note 10 – Risk Management ................................................................................................................... 74 Note 11 – Retirement Plans ..................................................................................................................... 75 Note 12 – Other Postemployment Benefits Plan ..................................................................................... 80 Note 13 – Commitments and Contingencies ........................................................................................... 85 Note 14 – Special Tax Assessment Districts ........................................................................................... 86 Note 15 – Successor Agency Trust (Former RDA) ................................................................................. 89

86 CITY OF ROCKLIN

ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2024

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) – General Fund ........................................................................................ 92 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) – SB325 Sales Tax .................................................................................. 93 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) – Low-and-Moderate Income Housing Fund .......................................... 94 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) – Streets Grants ....................................................................................... 95 Schedule of Pension Contributions ...................................................................................................................... 96 Schedule of Changes in Net Position Liabilities, Net Pension Liabilities and Proportionate Shares ................... 97 Schedule of Contributions for Other Postemployment Benefits .......................................................................... 99 Schedule of Changes in Net OPEB Liability ...................................................................................................... 100

SUPPLEMENTARY INFORMATION
Combining Nonmajor Governmental Funds:

Combining Balance Sheet ............................................................................................................................ 103 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ..................................... 104 Combining Special Revenue Nonmajor Governmental Funds:

Combining Balance Sheet ............................................................................................................................ 106 Statement of Revenues, Expenditures and Changes in Fund Balances........................................................ 113 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) ...................................................................................................... 120 Combining Capital Projects Nonmajor Governmental Funds:

Combining Balance Sheet ............................................................................................................................ 140 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ..................................... 143 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) ...................................................................................................... 146 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) – Capital Projects Major Governmental Fund – Traffic Circulation Impact Fee Fund .................................................................................................. 156 Combining Permanent Nonmajor Governmental Funds:

Combining Balance Sheet ............................................................................................................................ 158 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ..................................... 159 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) ...................................................................................................... 160 Combining Debt Service Nonmajor Governmental Funds:

Combining Balance Sheet ............................................................................................................................ 164 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ..................................... 165 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis) ...................................................................................................... 166 Combining Internal Service Funds:

Statement of Net Position ............................................................................................................................ 170 Statement of Revenues, Expenses, and Changes in Fund Net Position ....................................................... 171 Statement of Cash Flows ............................................................................................................................. 172

87 CITY OF ROCKLIN

ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED JUNE 30, 2024

Combining Custodial Funds:

Combining Statement of Fiduciary Net Position ......................................................................................... 174 Combining Statement of Changes in Fiduciary Net Position ...................................................................... 177

STATISTICAL SECTION
Net Position by Component ................................................................................................................................ 185 Changes in Net Position ..................................................................................................................................... 187 Fund Balances of Governmental Funds .............................................................................................................. 191 Changes in Fund Balances of Governmental Funds ........................................................................................... 193 Assessed Value of Taxable Property .................................................................................................................. 195 Direct and Overlapping Property Tax Rates ....................................................................................................... 196 Principal Property Taxpayers ............................................................................................................................. 197 Direct and Overlapping Debt .............................................................................................................................. 198 Pledged-Revenue Coverage ................................................................................................................................ 199 Principal Employers ........................................................................................................................................... 200 Operating Indicators by Function ....................................................................................................................... 201 Capital Asset Statistics by Function ................................................................................................................... 202

88 This page is intentionally blank
89 INTRODUCTORY SECTION
90 This page is intentionally blank
91 City of Rocklin Transmittal Letter

CITY OF ROCKLIN
3970 Rocklin Road
Rocklin, California 95677
Telephone (916) 625-5000
Fax (916) 625-5095
F
ebruary 25, 2025
To
the Honorable Mayor, Members of the City Council, and Citizens of Rocklin, California:

We are pleased to present the Annual Comprehensive Financial Report ( ACFR) of the City of Rocklin, California (the City), for the fiscal year ending June 30, 2024 as required by Chapter 2.28 of the Rocklin Municipal Code. Although formally submitted to the Mayor and City Council, t he ACFR is published to provide financial information to the residents of Rocklin, the investment community, the general public, and other interested parties.

This letter of transmittal is designed to be read with and complement the Management’s Discussion and Analysis (MD&A), which reports on the financial highlights of the City and provides additional analysis on the variances and trends reported as part of the financial statements. The MD&A can be found immediately following the independent auditors' report.

Management assumes all responsibility for the completeness and reliability of the information presented in this report. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and presents fairly the respective financial position and changes of the City, as of June 30, 2024.

The City contracted with Chavan & Associates, LLP , a firm of Certified Public Accountants licensed to practice in the State of California, to perform the annual independent audit. The auditors have issued an unmodified (“clean”) opinion on the City’s financial statements for the year ending June 30, 202 4. The independent auditor’s report is presented as the first item in the financial section of the report.

PROFILE OF THE CITY
The City of Rocklin was incorporated in 1893. The City is located on Interstate 80 and Highway 65, 20 miles northeast of Sacramento at the base of the Sierra F oothills in Placer County, California. Rocklin spans 20 square miles, and as of January 2024, had a population of 71,609. Rocklin is a preferred location to live, work, visit, and grow business because of its convenient location, excellent schools, and universities, abundant recreational opportunities, and highest commitment to public safety. According to a recent 92 City of Rocklin Transmittal Letter
evaluation by the Insurance Services Office, the City of Rocklin is in the top 4.1 percent of the nation in fire protection . Rocklin is home to Sierra Community College and an accredited private institution of higher education, Jessup University. The City is a safe community with low crime rates, excellent schools, and beautiful parks, and continues to be a leader in providing excellent services and a high quality of life.

The City, with 272.5 budgeted full-time employees, provides the following public services: public safety (police and fire), planning and community development, construction and maintenance of streets, storm drains and other infrastructure, parks and recreation, and general administrative services. The City maintains a website at https:// www.rocklin.ca.us, which provides online services and extensive information about the City.

The City of Rocklin is a General Law City operating under the City Council/Manager form of government, which vests authority in an elected City Council. The City Council is the City’s legislative and policymaking body, responsible for appointing key positions, including the City Manager, City Attorney, City Treasurer, and City Clerk. Additionally, the City Council appoints members to the following committees and commissions: Architectural Review Committee, Arts Commission, Board of Appeals, Community Recognition Commission, Investment Advisory Committee, Parks and Recreation Commission, and Planning Commission. The City Manager, appointed by the City Council, oversees the overall administration of the City.

The City Council also acts as the Board of Directors for the Rocklin Public Financing Authority (RPFA). The RPFA was formed as a joint powers authority between the City and the former Rocklin Redevelopment Agency to serve as a financing mechanism for various capital projects. For financial reporting purpo ses, the RPFA is considered a component unit of the City, and is incorporated within this document. Additional information on this legally separate entity can be found in Note 1 of the notes to the financial statements.

The City has established a Successor Agency, which replaced the former Rocklin Redevelopment Agency, dissolved in 2012. The Successor Agency is not a component unit of the City and is , instead, a separate legal entity overseen by the Placer County Consolidated Oversight Board and the California State Department of Finance . The City’s role as the Successor Agency is fiduciary in nature. The Successor Agency is reported as a private-purpose trust fund, which is a fiduciary fund type. Additional information can be found in Note 15 of the notes to the financial statements.

The City prepares an annual budget and submits it to the City Council for review and approval. This budget serves as the foundation of the City’s financial planning and control. The City Council appropriates funds to provide public services through the annual budget process. Activities of General, Special Revenue, Debt Service, Capital Project, Custodial, and Internal Service Funds are in cluded in the annual budget . Each year, the City Manager is required to submit a proposed budget to City Council by May 15 th. The City Council reviews and may revise the proposed budget in a public workshop. Pursuant to Chapter 3.28 of the Rocklin Municipal Code, the final budget must be presented to and adopted by the City Council by June 30th of each year. A copy of the final budget is available for download on the City’s website:
https://www.rocklin.ca.us/city-budgets.

The City has established a comprehensive framework of internal controls designed to protect the assets of the government from loss, theft, or misuse. This framework is designed so accurate accounting data is compiled to allow for the preparation of financial statements consistent with Generally Accepted Accounting Principles (GAAP). Internal controls provide reasonable, but not absolute assurance these objectives are met. The concept of rea sonable assurance recognizes that the cost of internal controls 93 City of Rocklin Transmittal Letter
should not exceed the benefits and that decisions often require the use of estimates and judgments by management.

ECONOMIC FACTORS AND OUTLOOK
Over the past decade, the City of Rocklin continued to demonstrate economic improvement through June 2024. The City’s population as of January 2024 is 71,609, reflecting a slight increase of 0.3 percent from the prior year. Property tax revenue has risen by $ 13.8 million, or 227 percent, between fiscal year 2014/2015 and fiscal year 2023/2024. This increase is attributed to a combination of rising home values and new home construction. Between 2023 and 2024, the volume of home sales decreased, primarily due to the Federal Reserve repeatedly raising interest rates . While this trend is anticipated to continue through fiscal year 2024/2025, limited housing supply i s anticipated to prevent sharp price declines.

Property tax revenue is forecasted to increase by 5 percent in fiscal year 2024/2025.

Between fiscal year 2014/2015 and fiscal year 2023/2024, sales tax revenue increased by more than $14.6 million, or 293 percent, driven by sales growth in many Rocklin businesses and higher online purchases.

In fiscal year 2023/2024, sales tax only modestly increased due to a slowdown in spending on taxable merchandise. Looking ahead, this trend is anticipated to continue as consumers are making more cost - conscious decisions, resulting in anticipated reduction in consumer spending across various sectors, including restaurants, hotels, groceries, and general consumer goods. Consumers are prioritizing household essentials and non-taxable goods over more expensive purchases. This trend is compounded by increased consumer debt and a decline in personal savings. A negative trend is anticipated as the market normalizes going into fiscal year 2024/2025, with a modest increase anticipated in the latter part of the fiscal year.

LONG TERM FINANCIAL PLANNING
The City consistently plans its budgets with a focus on its long-term needs. This is accomplished through conservative fiscal management practices , adherences to financial policies, and the establishment of dedicated funds to allocate City revenues toward long-term financial needs. These funds include:

Operating Reserves: The City maintains a General Fund operating reserve for the purpose of bridging a gap between projected revenue and expenditures during periods of significant revenue declines and/or expenditure growth and the City has adequate resources in case of emergency or unforeseen events. Pursuant to City Council’s adopted policy, the City will maintain an operating reserve equal to 25 percent of the planned budgeted expenditures in the General Fund, excluding capital costs. As of June 30, 2024, the General Fund operating reserve is $16.2 million.

Building Reserve: The City maintains a building reserve to fund capital maintenance projects to sustain existing City facilities or to support the expansion of existing City facilities to address workforce needs of City services. As of June 30 2024, the Building Reserve is $1.4 million.

Disaster Contingency Reserve: The City maintains an emergency reserve of $1 million. This money is used in the event of a declared emergency, providing financial support for recovery efforts.

Fleet Replacement Fund: The City funds the cost of replacement vehicles and equipment over the asset's useful life. This ensures the systematic replacement of vehicles and equipment to keep the City’s vehicular fleet safely and properly operating. As of June 30, 202 4, the Fleet Replacement 94 95
Rocklin Residents
City Council
City Manager
City Attorney
Boards/
Commissions
City Clerk
Administrative Services Community
Development
Fire
Parks & Recreation
Police
Public Works
Finance
Human Resources
Information Technology
Payroll
Building & Permit Center
Code Enforcement
Engineering
Planning Services
Emergency Management
Fire Operations
Fire Prevention
Recreation
Parks
Operations
Investigations
Support Services
Environmental
Facilities
Fleet
Landscape
Traffic Signals & Lighting
Streets
Assistant City Manager
96 City of Rocklin
Annual Comprehensive Financial Report
As of February 25, 2025
Directory of City Officials
City Council
Name Term Expires
Jill Gayaldo, Mayor December 2026
David Bass, Vice-Mayor December 2028
Greg Janda, Councilmember December 2028
Ken Broadway, Councilmember December 2028
Bill Halldin, Councilmember December 2026
City Officials
Position
City Manager
Assistant City Manager
City Attorney
City Clerk
Name
Aly Zimmermann
Andrew Keys
Matthew McOmber
Avinta Madhukansh-Singh
Daniel Choe City Treasurer
97 City of Rocklin
CA
P
L
A
C
E
R
C
O
U
N
T
Y
98 This page is intentionally blank
99 FINANCIAL SECTION
100
This page is intentionally blank
101
16450 Monterey Road, Suite 5, Morgan Hill, CA 95037
Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
INDEPENDENT AUDITOR’S REPORT
To the Honorable Mayor and Members of the
City Council of the City of Rocklin
Rocklin, California
Report on Financial Statements
Opinion
We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Rocklin (the “City"), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise City’s basic financial statements as listed in the table of contents.

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the City of Rocklin, as of June 30, 2024, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements City management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for 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.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. 102
16450 Monterey Road, Suite 5, Morgan Hill, CA 95037
Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and GAGAS, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
 Obtain an understanding of internal control relevant to the audit 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 City’s internal control. Accordingly, no such opinion is expressed.  Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control– related matters that we identified during the audit.

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and other required supplementary information, as listed in the table of contents, 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 103
16450 Monterey Road, Suite 5, Morgan Hill, CA 95037
Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
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.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The combining and individual fund financial statements and schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of m anagement and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The 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 GAAS. In our opinion, the combining and individual fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual comprehensive financial report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor’s report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

Report on Summarized Comparative Information
We have previously audited the City’s June 30, 2023 financial statements, and we expressed unmodified audit opinions on the respective financial statements in our report dated November 30, 2023. In our opinion, the summarized comparative information presented herein as of and for the year ended June 30, 2023, is consistent, in all material respects, with the audited financial statements from which it has been derived.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated November 18, 2024, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit 104
16450 Monterey Road, Suite 5, Morgan Hill, CA 95037
Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

November 18, 2024
Morgan Hill, California
105
MANAGEMENT’S DISCUSSION

AND ANALYSIS
106
City of Rocklin Management’s Discussion and Analysis

INTRODUCTION
The Management’s Discussion and Analysis (MD&A) is a required section of the City’s Annual Comprehensive Financial Report, as shown in the overview below. The purpose of the MD&A is to offer readers a narrative overview and analysis of the City’s financial activity for the fiscal year ended June 30, 2024. We encourage readers to consider this MD&A in conjunction with the Basic Financial Statements to provide a comprehensive understanding of the City’s operations and financial standing.

Required Components of the Annual Comprehensive Financial Report

FINANCIAL HIGHLIGHTS
 Government-Wide Highlights:

As of the close of the fiscal year 2023/2024, the assets and deferred outflows of the City exceeded liabilities and deferred inflows by $427.9 million. This net position increased by $7.5 million, or 1.8%, during fiscal year 2023/2024 from $420.3 million.

The City’s Government-Wide General Revenues increased by 10.2% from $74.6 million to $82.2 million. General revenues include items such as property tax, sales and use taxes, gas tax, transient occupancy tax, motor vehicle fees, franchise fees, impact fees, investment earnings, and other revenues. For fiscal year 2023/2024 property taxes increased by 5.2% and investment earnings increased by 94.8%, while sales and use taxes increased by 9.5% and impact fees increased by 157.5%. Program Revenues were down 16.5%, or $3.8 million from the prior year.

The City’s Government-Wide expenses increased by 7% from $87.8 million to $93.9 million this fiscal year.
 Fund Highlights:

General Fund revenues totaled $68 million, while expenditures totaled $66.1 million. Transfers in from other funds totaled $5.9 million, and transfers out totaled $0.56 million, resulting in a net increase in General Fund fund balance of $7.3 million. The fund balance increased due to higher revenues and reduced expenditures. Revenues from property tax, sales tax, and interest increased, while spending on new infrastructure projects decreased.

Management’s
Discussion & Analysis
Government-Wide
Financial Statements
Fund
Financial Statements
Notes to the
Financial Statements
Basic
Financial Statements
107
City of Rocklin Management’s Discussion and Analysis
 Other Highlights:

The impact from less than expected earnings in the CalPERS pension pooled investments, during the measurement period included in this fiscal year’s financial statements, was an increase to the City’s net pension liability of $3 million, from $63.8 million to $66.9 million. Changes in assumptions and expected and actual experience also contributed to the increase.

OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements. The Financial Statements are comprised of Government-Wide (City-wide) Financial Statements, Fund Financial Statements, Notes to the Financial Statements, Required Supplementary Information, and Supplementary Information. The Government-wide and Fund Financial Statements provide the reader with two different perspectives of the City's financial activities and financial position.

The Government-Wide Financial Statements
Government-Wide Financial Statements provide a longer-term view of the City's activities as a whole, and comprise of the Statement of Net Position and the Statement of Activities.

The Statement of Net Position provides information about the financial position of the City, including its capital assets, long-term liabilities, and deferred inflows/outflows of resources on a full accrual basis, similar to that used by corporations. The difference between the total assets and deferred outflows of resources and the total liabilities and deferred inflows of resources is reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.

The Statement of Activities provides information about the City's revenues and its expenses, also on a full accrual basis, with the emphasis on measuring net revenues and/or expenses for each of the City's programs. The Statement of Activities explains in detail the change in net position for the fiscal year. All changes in net position are reported as soon as the event causing the change occurs, regardless of the timing of related cash flows.

Therefore, some revenues and expenses reported in this statement are for items that will only result in cash flows for future fiscal periods.

Both the Statement of Net Position and the Statement of Activities distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business- type activities).

Governmental Activities – All of the City's basic services are considered to be governmental activities, including general government, community development, parks and recreation, public safety, and public works. These services are supported by general City revenues, such as taxes, and by specific program revenues, such as development and recreation program fees.

Business-Type Activities – The City does not have any business-type activities.

Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources segregated for specific activities or objectives. The City, like other local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. 108
City of Rocklin Management’s Discussion and Analysis
Fund Financial Statementsreport the City's operations in more detail than the government-wide statements and focus primarily on the short-term activities of the City's general fund and other major funds. The fund financial statements measure only current revenues and expenditures and fund balances; they exclude capital assets, long-term debt, and other long-term amounts.

Major funds present the major activities of the City for the fiscal year, and may change from year to year as a result of changes in the pattern of the City's activities. Each major fund is individually presented, and all non- major funds are summarized and presentedin a single column. Subordinate schedules present the detail of non- major funds. The City's funds are segregated into three categories: governmental funds, proprietary funds, and fiduciary funds.

Governmental Funds – The City's basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances available at year-end. Financial statements are prepared on the modified accrual basis, which means they measure only current financial resources and uses. Carrying amounts for capital assets and other long-lived assets, along with long-term liabilities are not presented on the balance sheet in the governmental fund financial statements. Unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year.

Since the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. Such information may be useful in evaluating the City's near-term financing requirements. Both the governmental balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental fundsand governmental activities. For fiscal year 2023/2024, the City had five major funds, twenty-one nonmajor special revenue funds, eleven nonmajor capital projects funds, two nonmajor permanent funds, and two non-major debt service funds.

Proprietary Funds – The City has and maintains proprietary funds, which include two internal service funds.

Internal service funds are used to accumulate and allocate costs internally among the City's various functions.

The City uses one internal service fund to account for its fleet operationsand one for risk management functions.

Because these services predominately benefit only governmental functions, they have been included within governmental activitiesin the government-wide financial statements.

Fiduciary Funds – Fiduciary funds are used to account for resources held for the benefit of parties outside the City. Fiduciary funds are not reported in the government-wide financial statements because the resources of these funds are not available to support the City’s own programs. The accounting for fiduciary funds is much like that used for business-type activities. For fiscal year 2023/2024, the City had one private-purpose trust fund and eight custodial funds. Private-purpose trust funds are used to account for resources legally held in trust for special purposes. Custodial funds are held by the City in a custodial nature and are accounted for using an economic resource measurement focus.

NOTES TO THE FINANCIAL STATEMENTS
Notes to the Financial Statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes can be found immediately following the fund financial statements.
109
City of Rocklin Management’s Discussion and Analysis

REQUIRED SUPPLEMENTARY INFORMATION
In addition to the basic financial statements and accompanying notes, this report presents certain required supplementary information including a budgetary comparison for the General Fund and other major funds as presented in the governmental fund financial statements. Information regarding the City’s pension liabilities and information regarding the City’s progress in funding its obligation to provide OPEB to its employees is included.

SUPPLEMENTARY INFORMATION
The supplementary information section of this report includes combining and individual fund statements and schedules designed to provide additional information on non-major governmental funds including special revenue, debt service, capital project funds, proprietary internal service fund information and agency funds.

An unaudited statistical section provides historical and current data on financial trends, revenue and debt capacity, demographic and economic information, and operating information.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
Assets
In the Statement of Net Positionschedule shown on the next page, total assets increased by $14.2 million.

Current and other assets increased by $17.8million compared to the prior fiscal year.This increase was attributed to higher cash and investment balances. Capital Assets decreased by $3.6 million, mainly because the previous year included a one-time infrastructure transfer from Whitney Ranch Streets in Community Facilities District No.

10. This decrease waspartially offset by new vehicle purchases.

Deferred Outflows of Resources
In the Statement of Net Position schedule shown on the next page, Deferred Outflows of Resources decreased by $6.1 million. This decline was primarily due to changes in actuarial assumptions, difference between projected and actual plan earnings, and changes in proportionate shares.

Liabilities
In the Statement of Net Position schedule shown on the next page, total liabilities increased by $4.3 million.

Noncurrent liabilities increased by $1.5 million from the prior fiscal year, mainly due to the lower-than-expected rate of return on the assets of the pension plan. This lower return also led to a $3million increase in the Net Pension Liability.

Current and other liabilities increased by $2.8 million from the prior fiscal year, mostly as a result of an increase in Accounts Payable and Accrued Liabilities.

Deferred Inflows of Resources
In the Statement of Net Position schedule shown on the next page, Deferred Inflows of Resources decreased by $3.8 million, primarily due to the amortization of lower-than-expected investment returns in the CalPERS pension plans.
110
City of Rocklin Management’s Discussion and Analysis
Net Position
In the Statement of Net Positionschedule shown below, the City's Total Net Position increased $7.5 million.

Net position may serve over time as an indicator of the City's financial position. A significant portion of the City's $427.9 million total net position was for net investment in capital assets of $327.4 million, (e.g., land, buildings, general government infrastructure, equipment, and vehicles) net of accumulated depreciation and reduced by any related debt used to acquire or construct those assets. The $2 million decrease in net investment in capital assets is primarily due to depreciation, partially offset by new asset purchases.

Governmental Activities
Revenues
In the Statement of Activities schedule shown on the next page, total program revenue and total general revenue combined show an increase of $3.8 million.

Program revenues decreased by $3.8 million from the prior fiscal year, attributed to the following factors:
 Charges for services increased by $1.4 million (15%) due to higher collections of North West Rocklin Community Park and Public Facilities impact fees.  Operating grants and contributions increased by $1.8 million (30%), mainly due to reimbursements for non-capital road projects and a state planning grant.  Capital grants and contributions decreased by $7 million (89%), primarily due to the completion of the Pacific at Rocklin Road Roundabout project in the prior year, which was funded by grants.

Additionally, there were fewer developer-contributed streets infrastructure in the current year.

Dollar Percent
2024 2023 Change Change
Assets
Current and other assets 164,805,527$ 147,044,980$ 17,760,547$ 12.08% Capital assets - net 337,250,532 340,847,057 (3,596,525) -1.06% Total Assets 502,056,059$ 487,892,037$ 14,164,022$ 2.90% Deferred Outflows of Resources 32,073,804$ 38,199,935$ (6,126,131)$ -16.04% Liabilities
Current and other liabilities 13,590,954$ 10,758,247$ 2,832,707$ 26.33% Noncurrent liabilities 83,820,840 82,347,443 1,473,397 1.79% Total Liabilities 97,411,794$ 93,105,690$ 4,306,104$ 4.62% Deferred Inflows of Resources 8,846,435$ 12,647,866$ (3,801,431)$ -30.06% Net Position
Net investment in capital assets 327,411,118$ 329,441,747$ (2,030,629)$ -0.62% Restricted 37,577,474 36,012,891 1,564,583 4.34% Unrestricted 62,883,042 54,883,778 7,999,264 14.57% Total Net Position 427,871,634$ 420,338,416$ 7,533,218$ 1.79% Governmental Activities
Table 1 - Net Position
111
City of Rocklin Management’s Discussion and Analysis
General revenues increased by $7.6 million due to the following factors:
 Taxes and assessments rose by $4.6 million (6%), driven primarily by a $1.2 million increase in property taxes, a $1.9 million increase in sales and use taxes, and a $1.3 million increase in impact fees.
 Investment earnings increased by $2.8 million (95%), reflecting higher interest rates and market fluctuations.

Expenses
Total expenses increased by $6.1 million due to the following factors:
 Public safety expenses increased by $4.6 million (13%), mainly driven by higher labor and pension costs.
 Public works expenses increased by $0.8 million (3%), reflecting higher pension costs, partially offset by moving the Engineering Division from Public Works to the Community Development Department during organizational changes.
 Parks and recreation expenses grew by $0.8 million (11%), mainly due to increases in labor costs, concert operations, and rising utilities expenses.
 Community development expenses increased by $1.1 million (21%), primarily due to moving the Engineering Division from Public Works to Community Development.

Dollar Percent
Functions/Programs 2024 2023 Change Change
Program Revenues
Charges for services 10,781,142$ 9,378,356$ 1,402,786$ 14.96% Operating grants and contributions 7,613,156 5,844,166 1,768,990 30.27% Capital grants and contributions 853,139 7,822,971 (6,969,832) -89.09% Total Program Revenues 19,247,437 23,045,493 (3,798,056) -16.48% General Revenues
Taxes and assessments 75,954,320 71,377,449 4,576,871 6.41% Investment earnings 5,658,816 2,904,931 2,753,885 94.80% Other revenues 571,316 293,924 277,392 94.38% Total General Revenues 82,184,452 74,576,304 7,608,148 10.20% Expenses
General government 16,290,451 17,316,721 (1,026,270) -5.93% Public safety 38,550,514 33,989,917 4,560,597 13.42% Public works 24,692,787 23,913,391 779,396 3.26% Parks and recreation 8,181,120 7,390,432 790,688 10.70% Community development 6,188,821 5,132,246 1,056,575 20.59% Interest on fiscal charges 40,062 76,403 (36,341) -47.56% Total Expenses 93,943,755 87,819,110 6,124,645 6.97% Excess (Deficiency) of Revenues over Expenses 7,488,134 9,802,687 (2,314,553) -23.61% Special Item - Settlements and Recoveries - 3,755,224 (3,755,224) -100.00% Special Item Gain (Loss) Disposal Capital Assets 45,084 11,000 34,084 309.85% Increase / (Decrease) in Net Position 7,533,218 13,568,911 (6,035,693) -44.48% Net Position, Beginning of Year 420,338,416 406,769,505 13,568,911 3.34% Net Position, End of Year 427,871,634$ 420,338,416$ 7,533,218$ 1.79% Governmental Activities
Table 2 - Statement of Activities
112
City of Rocklin Management’s Discussion and Analysis
FINANCIAL ANALYSIS OF THE CITY’S FUNDS
A summary of the changes in fund balance of the Major Funds and Other G overnmental Funds is presented below:

The total Governmental fund balances for fiscal year 2023/2024 were $129.2 million, reflecting a $13.3 million increase during the year. This includes both Major Funds and Other Governmental Funds.  The fund balance in the General Fund increased by $7.3 million. This increase was due to higher property and sales tax revenues, increased interest earnings, and lower expenditures from position vacancies and delayed capital projects.
 The fund balance in the SB325 Sales Tax Fund decreased by $1.2 million due to lower sales tax on gas and higher capital expenditures on streets pavement projects.  The fund balance in the Low-and-Moderate-Income Housing Asset Fund increased by $0.15 million from interest collected on loans. Expenditures were related to administration and programs to assist unhoused population.
 The fund balance in the Traffic Circulation Impact Fee Fund increased by $1.7 million, mainly due to development impact fee revenues and interest earnings exceeding expenditures. A Traffic Circulation Element Study, followed by a Traffic Impact Fee Study, will determine appropriate future project expenditures for these collected impact fees.  The fund balance in the Streets Grants Fund decreased by $0.4 million, mainly due to a timing difference where amounts owed to the fund were not received within the period of availability.  The fund balance in the Nonmajor Governmental Fund’s increased by $5.9 million, mainly due to increases in the SB 1 Road Maintenance & Rehabilitation Act Fund, Community Facilities District No. 5 Fund, and Capital Construction Tax Fund. These fund balances are being accumulated for future projects and maintenance expenditures.

Low and Traffic
Moderate Circulation
SB325 Income Impact Nonmajor
General Sales Tax Housing Fee Street s Governmental
Fund Fund Asset Fund Fund Grants Funds Total
Total Revenues 68,021,761$ 5,554,294 $ 439,609$ 2,010,800$ 2,169,331$ 23,181,294$ 101,377,089$ Total Expenditures (66,131,132) (5,977,203) (152,914) (243,670) (2,569,719) (12,965,917) (88,040,555) Revenues Over
(Under) Expenditures 1,890,629 (422,909) 286,695 1,767,130 (400,388) 10,215,377 13,336,534 Transfers In 5,918,712 - 3,200 - - 1,048,839 6,970,751 Transfers Out (558,874) (821,653) (143,706) (84,792) - (5,356,125) (6,965,150) Net Change in
Fund Balances 7,250,467 (1,244,562) 146,189 1,682,338 (400,388) 5,908,091 13,342,135 Beginning of Year 54,220,156 6,668,586 13,140,918 17,419,259 (892,118) 25,289,765 115,846,566 End of Year 61,470,623$ 5,424,024 $ 13,287,107$ 19,101,597$ (1,292,506)$ 31,197,856$ 129,188,701$ Table 3 - Summary of Revenues, Expenditures and Changes in Fund Balance - Governmental Funds Major Funds
113
City of Rocklin Management’s Discussion and Analysis

CAPITAL ASSETS
The capital assets of the City are those assets which are used in the performance of the City’s functions including infrastructure assets. As of June 30, 2024, the net capital assets for governmental activities totaled $337.3 million, reflecting a decrease of $3.6 million from the prior year. Depreciation on these capital assets, recognized in the Government-Wide Financial Statements, totaled $14.6 million. The following table summarizes the City’s capital assets at the end of the fiscal year:

Additional detail and information on capital asset activity is described in Note 7 of this report.  Construction in progress increased by $4.3 million, driven mainly by the Pavement Rehabilitation project ($1.3 million), Pacific at Rocklin Roundabout ($921 thousand), Five Star & Destiny Drive ($762 thousand), and other various projects ($1.3 million).  Fleet machinery and equipment increased by $1 million due to the purchase of a new Fire Engine being built for the upcoming Fire Station.
 Infrastructure decreased by $8.5 million, primarily due to depreciation expense, which reduces the asset value over its useful life.
 Decreases in other categories were mainly due to annual depreciation.

Dollar Percent
2024 2023 Change Change
Land 8,338,942$ 8,338,942$ -$ 0.00% Land improvements 108,402 108,402 - 0.00% Park land 61,097,079 61,097,079 - 0.00% Construction in progress 16,415,766 12,116,112 4,299,654 35.49% Subscription right of use assets 596,611 603,131 (6,520) -1.08% Buildings 11,042,322 11,899,757 (857,435) -7.21% Facilities & other improvements 2,945,762 2,941,298 4,464 0.15% Machinery & equipment 778,403 388,072 390,331 100.58% Fleet machinery & equipment 7,067,481 6,063,575 1,003,906 16.56% Park buildings 1,711,047 1,801,643 (90,596) -5.03% Park equipment - 24,385 (24,385) -100.00% Park improvements 8,492,896 8,324,808 168,088 2.02% Infrastructure 218,655,821 227,139,853 (8,484,032) -3.74% Total Capital Assets, Net 337,250,532$ 340,847,057$ (3,596,525)$ -1.06% Table 4 - Capital Assets at Year End - Net
Governmental Activities
114
City of Rocklin Management’s Discussion and Analysis

DEBT ADMINISTRATION
During the year, Long-Term Debt from governmental activities increased by $1.3 million. The increase was mostly due to lower-than-expected investment returns and changes in assumptions within the CalPERS pension plan, which increased the City’s proportionate share of the Net Pension Liabilities by $3 million.

Conversely, the City’s net OPEB liability decreased by $0.5 million due to better-than-expected investment returns during the measurement period. Other decreases in Long-Term Debt resulted from principal payments on outstanding bonds and direct borrowings.

The following table summarizes the City’s debt at the end of the year:

Additional detail and information on long-term debt activity is described in Note 8 of this report.

GENERAL FUND BUDGETARY HIGHLIGHTS
The Rocklin Municipal Code Chapter 3.28 requires the City Manager to submit a proposed budget on or before May 15th of each year. The City Council reviews and may revise the proposed budget in a public workshop. The budget must be formally adopted by the City Council on or before June 30 th of each year.

The City Council adopted the fiscal year 2023/2024 budget in June 2023.

Changes to the City's General Fund budget for fiscal year 2023/2024, from the ooriginal to the final budget, are detailed in the Required Supplementary Information ssection, along with a comparison to actual activity for the year. Budget amendments must be approved by a resolution of the City Council. The General Fund revenue budget increased by $30,000 between the original and final budget. The increase was due to a $420,000 decrease in taxes and assessments, offset by a $450,000 increase in revenue from the use of money and property.

The City had actual expenditures of $66.1 million, coming in $14.8 million below the final amended budget and $3.1 million below the original budget. This variance was primarily due to labor savings, deferred vehicle purchases, delays in park upgrades, and other expenditures that did not occur during fiscal year 2023/2024.
2024 2023 Dollar Change
Percemt
Change
2016 Lease Revenue Bonds 7,548,363$ 7,875,913$ (327,550) -4.16% Pacific Prem. Bank Loan - RPFA Refunding 1,029,183 1,526,806 (497,623) -32.59% Sunset Whitney Recreation Area Note - 516,934 (516,934) -100.00% Subscription Liabilities 598,561 601,247 (2,686) -0.45% Claims Payable 2,811,286 2,472,627 338,659 13.70% Net Pension Liability 66,883,471 63,835,601 3,047,870 4.77% Net OPEB Liability 4,126,333 4,617,846 (491,513) -10.64% Compensated Abs ences 3,543,996 3,842,280 (298,284) -7.76% Total Long-Term Debt 86,541,193$ 85,289,254$ 1,251,939$ 1.47% Table 5 - Long-Term Debt
Governmental Activities
115
City of Rocklin Management’s Discussion and Analysis
ECONOMIC FACTORS BEARING ON THE CITY’S FUTURE
Looking forward to 2024/2025, the City expects to remain fiscally sound. While the revenue outlook is generally positive, increased operational costs, slowing sales tax growth, and rising labor expenses will require prudent monitoring to maintain fiscal stability. Key factors considered in the development of the fiscal year 2024/2025 budget include:
 Property taxes are the largest component of General Fund revenues. Property tax revenues are expected to remain optimistic, growing by 5% from fiscal year 2023/2024. This growth is driven by rising home values and new home sales.
 Sales tax revenues are expected to decline by 3.4% from the fiscal year 2023/2024 budget due to an anticipated reduction in consumer spending across various sectors, including restaurants, hotels, groceries, and general consumer goods.
 Operating expenses are expected to increase, primarily due to contracted cost-of-living adjustments for labor, higher pension contributions, rising utility costs, and increased insurance premiums.

The budget is balanced and strategically developed to address the City’s long-term needs, ensuring fiscal sustainability and the continued delivery of high-quality services to the community.

REQUEST FOR FINANCIAL INFORMATION
This financial report is designed to provide a general overview of the City of Rocklin's finances for all of Rocklin's residents, taxpayers, customers, investors, and creditors. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the City Clerk, 3970 Rocklin Road, Rocklin, California, 95677.
116
This page is intentionally blank
117

BASIC FINANCIAL STATEMENTS
118
This page is intentionally blank
119
City of Rocklin
Statement of Net Position
June 30, 2024
(With Comparative Totals for June 30, 2023)
2024 2023
ASSETS
Current Assets:

Cash and investments 142,425,078$ 121,859,514$
Restricted cash and investments 1,764,583 2,260,219 Receivables - net 11,353,809 12,637,497
Inventory and other assets 58,374 55,213 Total Current Assets 155,601,844 136,812,443
Noncurrent Assets:

Leases receivable 3,830,409 4,039,063
Loans receivable 5,373,274 6,193,474
Capital assets - net 337,250,532 340,847,057
Total Noncurrent Assets 346,454,215 351,079,594
Total Assets 502,056,059$ 487,892,037$

DEFERRED OUTFLOWS OF RESOURCES
OPEB Adjustments 5,900,884$ 7,777,719$
Pension Adjustments 26,172,920 30,422,216
Total Deferred Outflows of Resources 32,073,804$ 38,199,935$

LIABILITIES
Current Liabilities:

Accounts payable and accrued liabilities 9,782,639$ 6,668,708$ Deposits 1,006,834 1,080,620
Interest payable 43,000 61,779
Other liabilities 38,128 5,329
Claims payable - current portion 161,176 145,345 Compensated absences - current portion 1,733,264 1,779,223 Long-term debt - due within one year 825,913 1,017,243 Total Current Liabilities 13,590,954 10,758,247 Noncurrent Liabilities:

Long-term debt - due after one year 8,350,194 9,503,657 Claims payable 2,650,110 2,327,282
Compensated absences 1,810,732 2,063,057
Net pension liability 66,883,471 63,835,601
Net OPEB liabilit
y 4,126,333 4,617,846
Total Noncurrent Liabilities 83,820,840 82,347,443 Total Liabilities 97,411,794$ 93,105,690$

DEFERRED INFLOWS OF RESOURCES
Deferred Gain on Early Defeasance of Long-Term Deb
t 663,307$ 884,410 $
Leases receivable 3,791,504 4,011,697
OPEB Adjustments 2,376,280 3,902,006
Pension Adjustments 2,015,344 3,849,753
Total Deferred Inflows of Resources 8,846,435$ 12,647,866$

NET POSITION
Net investment in capital assets 327,411,118$ 329,441,747$ Restricted for:

CFD operations and maintenance 6,251,089 5,108,432 Housing rehabilitation 14,132,400 13,984,526
Settlements 3,763,783 3,756,563
Lighting and landscape operations and maintenance 1,510,395 1,558,949 Police services programs 526,081 508,617
Street maintenance and construction 9,107,200 8,222,981 Expendable endowments 17,946 17,024
Nonexpendable endowments 491,455 491,455
Debt service 1,105,196 1,602,383
Other 671,929 761,961
Total restricted 37,577,474 36,012,891
Unrestricted 62,883,042 54,883,778
Total Net Position 427,871,634$ 420,338,416$
The accompanying notes are an integral part of these financial statements.

Governmental Activities
120
City of Rocklin
Statement of Activities
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
Program Revenues

Operating Capital
Charges for Grants and Grants and
Functions/Programs Expenses Services Contributions Contributions Total 2024 2023 Primary Government:

Governmental Activities:

General government 16,290,451 $ 292,593 $ 2,663,822 $ 746,700 $ 3,703,115 $ (12,587,336) $ (10,012,443) $ Public safety 38,550,514 1,957,215 1,213,409 - 3,170,624 (35,379,890) (31,199,343) Public works 24,692,787 160,087 793,320 106,439 1,059,846 (23,632,941) (19,392,393) Parks and recreation 8,181,120 2,778,285 562,364 - 3,340,649 (4,840,471) (5,064,699) Community development 6,188,821 5,592,962 2,380,241 - 7,973,203 1,784,382 971,664 Interest and fiscal charges 40,062 - - - - (40,062) (76,403) Total Governmental Activities 93,943,755$ 10,781,142$ 7,613,156 $ 853,139$ 19,247,437$ (74,696,318) (64,773,617) General Revenues and Special Items:

Taxes:

Property taxes 24,762,287 23,530,699
Sales and use taxes 22,202,133 20,283,218
Gas tax 6,897,034 7,542,652
Transient occupancy taxes 1,121,843 1,042,949
Other taxes 16,015,656 15,482,638
Total taxes 70,998,953 67,882,156
Motor vehicle fees 88,058 73,456
Franchise fees 2,790,010 2,615,012
Impact fees 2,077,299 806,825
Investment earnings 5,658,816 2,904,931
Other revenues 571,316 293,924
Total General Revenues 82,184,452 74,576,304

Special item - settlements and recoveries - 3,755,224 Special item - gain (loss) on disposal of capital assets 45,084 11,000 Total General Revenues and Special Items 82,229,536 78,342,528 Change in Net Position 7,533,218 13,568,911
Net Position - Beginning of Year 420,338,416 406,769,505 Net Position - End of Year 427,871,634$ 420,338,416$
The accompanying notes are an integral part of these financial statements.

Net (Expense) Revenue and
Change in Net Position
121
Fund Title Fund Description
General Fund Primary operating fund of the City: accounts for all activities except those legally or administratively required to be accounted for in other funds.

SB325 Sales Tax Accounts for sales tax revenue collected in accordance with Senate Bill 325 to be used for transit services, construction and maintenance of streets.

Low and Moderate Income Housing Asset
Special Revenue
Accounts for the housing assets of the former Rocklin
Redevelopment Agency transferred to the City of Rocklin as Housing Successor.

Traffic Circulation Impact Fee Capital Projects Accounts for activities related to traffic congestion management.

Streets Grants Accounts for funds received as reimbursement or grants related to street capital projects.

MAJOR GOVERNMENTAL FUNDS
122
City of Rocklin
Balance Sheet
Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
Low and Traffic
Moderate Income Circulation
Housing Impact
General SB325 Asset Fee
ASSETS Fund Sales Tax Fund Fund
Cash and investments 60,420,174$ 7,448,801$ 9,444,721$ 18,727,783$ Restricted cash and investments - - - - Receivables:

Taxes 6,441,279 - - - Interest receivable - - - 10,804 Intergovernmental - - - - Other receivables 1,404,409 - - 29,100 Due from other funds 993,512 - - - Prepaid items 10,738 - - - Leases receivable 3,830,409 - - - Loans receivable 13,225 - 3,868,886 1,172,177 Total assets 73,113,746$ 7,448,801$ 13,313,607$ 19,939,864$

LIABILITIES, FUND BALANCES AND

DEFERRED INFLOWS OF RESOURCES
Liabilities:

Accounts payable and accrued liabilities 4,225,642$ 1,924,107$ 26,500$ 131,755$ Deposits 802,833 - - 204,001 Due to other funds - - - - Unearned revenues 1,086,627 75,511 - - Other liabilities 12,969 25,159 - - Compensated absences 1,723,548 - - - Total liabilities 7,851,619 2,024,777 26,500 335,756

DEFERRED INFLOWS OF RES
OURCES
Leases receivable 3,791,504 - - - Unavailable revenue - - - 502,511 Total deferred inflows of resources 3,791,504 - - 502,511 Fund Balances:

Nonspendable:

Endowments - - - - Leases receivable 38,905 - - - Long-term receivables 13,225 - - - Restricted - 5,424,024 13,287,107 669,666 Committed 33,135,509 - - 18,431,931 Unassigned (Deficit) 28,282,984 - - - Total fund balances 61,470,623 5,424,024 13,287,107 19,101,597 Total liabilities, fund balances and
deferred inflows of resources 73,113,746$ 7,448,801$ 13,313,607$ 19,939,864$ The accompanying notes are an
integral part of these financial statements.

Continued
Major Funds
123
City of Rocklin
Balance Sheet
Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Cash and investments
Restricted cash and investments
Receivables:

Taxes
Interest receivable
Intergovernmental
Other receivables
Due from other funds
Prepaid items
Leases receivable
Loans receivable
Total assets

LIABILITIES, FUND BALANCES AND

DEFERRED INFLOWS OF RESOURCES
Liabilities:

Accounts payable and accrued liabilities
Deposits
Due to other funds
Unearned revenues
Other liabilities
Compensated absences
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Leases receivable
Unavailable revenue
Total deferred inflows of resources
Fund Balances:

Nonspendable:

Endowments
Leases receivable
Long-term receivables
Restricted
Committed
Unassigned (Deficit)
Total fund balances
Total liabilities, fund balances and
deferred inflows of resources
The accompanying notes are an
integral part of these financial statements.

Major Funds
Nonmajor
Streets Governmental
Grants Funds 2024 2023
-$ 30,749,641$ 126,791,120 $ 108,139,102 $ - 1,764,583 1,764,583 2,260,219

- 738,485 7,179,764 5,941,835 - - 10,804 - 1,592,964 373,868 1,966,832 5,031,924 555,413 150,219 2,139,141 1,663,738 - - 993,512 4,972,104 - - 10,738 4,646 - - 3,830,409 4,039,063 - 318,986 5,373,274 6,193,474 2,148,377$ 34,095,782 $ 150,060,177 $ 138,246,105 $ 1,529,798$ 1,810,027$ 9,647,829$ 6,597,923$ - - 1,006,834 1,080,620 618,580 374,932 993,512 4,972,104 - 542,008 1,704,146 2,376,225 - - 38,128 5,329 - - 1,723,548 1,768,748 2,148,378 2,726,967 15,113,997 16,800,949 - - 3,791,504 4,011,697 1,292,505 170,959 1,965,975 1,586,893 1,292,505 170,959 5,757,479 5,598,590 - 491,455 491,455 491,455 - - 38,905 27,366 - - 13,225 33,613 - 17,705,222 37,086,019 35,521,436 - 13,172,136 64,739,576 62,416,694 (1
,292,506) (170,957) 26,819,521 17,356,002 (1,292,506) 31,197,856 129,188,701 115,846,566 2,148,377$ 34,095,782$ 150,060,177$ 138,246,105$ Concluded
Total Governmental Funds
124
City of Rocklin
Reconciliation of the Government Funds Balance Sheet
to the Government-Wide Statement of Net Position
June 30, 2024
Total Fund Balances - Total Governmental Funds 129,188,701$ Amounts reported for governmental activities in the Statement of Net Position were different because:

Capital assets used in governmental activities were not current financial resources. Therefore, they were not reported in the Governmental Funds Balance Sheet. The capital assets were adjusted as follows:

Capital assets 603,692,762
Less: accumulated depreciation (273,509,711)
Total Capital Assets 330,183,051
Interest payable on long-term debt did not require current financial resources. Therefore, interest payable was not reported as a liability in Governmental Funds Balance Sheet. (43,000) Internal service funds are used by management to charge the costs of vehicle maintenance and various insurance costs to individual funds. The assets and liabilities of the internal service funds are included in the governmental activities in the Statement of Net Position. 19,850,283
Benefit plan adjustments from timing differences, including contributions made to benefit plans that reduce the net benefit liability in the next fiscal year, the impact from changes in proportionate shares on beginning balances, and differences between projected and actual earnings on plan investments, have been reported as deferred outflows of resources. 32,073,804 Benefit plan adjustments from timing differences, including changes in assumptions, differences between expected and actual experiences, changes in proportionate shares related to contributions and differences between projected and actual earnings on plan investments, have been reported as deferred inflows of resources. (4,391,624)
Certain revenues were recorded as deferred inflows of resources in the governmental funds because they did not meet the revenue recognition criteria of availability. However, they were previously included as revenue in the Government-Wide Statement of Activities under the full accrual basis. 1,965,975 Liabilities were reported for certain revenues that were not available to pay current period expenditures and were reported as unearned in the fund statements. 1,704,146 Long-term debt defeasances are reported in the funds as other financing uses based on cash payments related to the repayment of debt. However, the difference between the refunded debt and the refunding debt is reported as a deferred gain or loss in the government-wide statement of net position. (663,307)
Long-term obligations were not due and payable in the current period. Therefore, they were not reported in the Governmental Funds Balance Sheet. The long-term liabilities were adjusted as follows:

Long-term debt (9,176,107)
Compensated absences (1,810,484)
Net pension liability (66,883,471)
Net OPEB liability (4,126,333)
Total Long-Term Obligations (81,996,395)
Net Position of Governmental Activities 427,871,634$
The accompanying notes are an integral part of these financial statements. 125
City of Rocklin
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
Low and Traffic
Moderate Income Circulation
Housing Impact
General SB325 Asset Fee
Fund Sales Tax Fund Fund

REVENUES
Taxes and assessments 51,827,365$ 4,940,006$ -$ 846,471$ L
icenses and permits 3,473,771 - - -
Fine
s and forfeitures 184,117 - - -
I
ntergovernmental 868,230 407,467 - 502,511 C
harges for services 2,915,689 - - -
U
se of money and property 4,994,199 206,821 439,609 661,818 C
ontributions and donations 3,111,744 -
-
-
O
ther revenues 646,646 -
-
-
To
tal Revenues 68,021,761 5,554,294 439,609 2,010,800 EX

PENDITURES
Current:

General government 15,357,333 118,248 39,429 - P
ublic safety 33,426,901 - - -
P
ublic works 3,636,685 2,648,899 -
-
P
arks and recreation 5,083,514 -
-
-
C
ommunity development 4,929,487 333,160 113,485 4,913 Ca
pital outlay 3,684,277 2,876,896 - 238,757 Deb
t service:

Principal 2,686 -
-
-
In
terest and fiscal charges 10,249 -
-
-
To
tal Expenditures 66,131,132 5,977,203 152,914 243,670 Ex
cess (Deficiency) of Revenues over Expenditures 1,890,629 (422,909) 286,695 1,767,130

OTHER FINANCING S

OURCES (USES)
Settlements and recoveries - - - -
T
ransfers in 5,918,712 - 3,200 -
T
ransfers out (558,874) (821,653) (143,706) (84,792) Total
Other Financing Sources (Uses) 5,359,838 (821,653) (140,506) (84,792) N
et Change in Fund Balances 7,250,467 (1,244,562) 146,189 1,682,338 Fund B
alances Beginning 54,220,156 6,668,586 13,140,918 17,419,259 Fund Balances Ending 61,470,623$ 5,424,024$ 13,287,107$ 19,101,597$ The accompanying notes are an
integral part of these financial statements.

Continued
Ma
jor Funds
126
City of Rocklin
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

REVENUES
Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Charges for services
Use of money and propert
y
Contributions and donations
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safet
y
Public works
Parks and recreation
Community development
Capital outla
y
Debt service:

Principal
Interest and fiscal charges
Total Ex
penditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financin
g Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
The accompanying notes are an
integral part of these financial statements.

Major Funds
Nonmajor
Streets Governmental
Grants Funds 2024 2023
-$ 18,351,283$ 75,965,125$ 71,681,028$ - 54,517 3,528,288 3,414,000 - 86,155 270,272 297,009 2,169,331 1,732,462 5,680,001 15,049,309 - 1,229,102 4,144,791 2,450,964 - 765,067 7,067,514 4,180,746 - 792,565 3,904,309 7,304,428 - 170,143 816,789 565,500 2,169,331 23,181,294 101,377,089 104,942,984 - 270,451 15,785,461 17,432,399 - 294,846 33,721,747 32,773,240 - 6,361,734 12,647,318 14,083,908 - 2,663,316 7,746,830 7,323,934 - 237,455 5,618,500 5,033,262 2,569,719 1,526,313 10,895,962 26,314,448

- 1,314,557 1,317,243 1,294,760 - 297,245 307,494 332,278 2,569,719 12,965,917 88,040,555 104,588,229 (400,388) 10,215,377 13,336,534 354,755

- - - 3,755,224 - 1,048,839 6,970,751 14,301,067 - (5,356,125) (6
,965,150) (15,145,567)
- (4,307,286) 5,601 2,910,724 (400,388) 5,908,091 13,342,135 3,265,479 (892,118) 25,289,765 115,846,566 112,581,087 (1,292,506)$ 31,197,856$ 129,188,701$ 115,846,566$ Concluded

Total Governmental Funds
127
City of Rocklin
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-Wide Statement of Activities
For the Year Ended June 30, 2024
Net Change in Fund Balances - Total Governmental Funds 13,342,135$ Amounts reported for governmental activities in the Statement of Activities were different because:

Governmental Funds report capital outlay as expenditures. However, in the Government-Wide Statement of Activities, the cost of those assets was allocated over their estimated useful lives as depreciation expense.

Capital additions 8,996,811
Depreciation expense (13,597,191)
Internal service funds are used by management to charge the costs of vehicle maintenance, and various insurance costs to individual funds. The net revenue or (excess expenses) of the internal service funds is reported with government activities. 2,570,849 Certain revenues were not recorded or recorded as unearned revenue in the governmental funds because they did not meet the revenue recognition criteria of availability. However, they were included as revenue in the Government-Wide Statement of Activities under the full accrual basis. (672,079) Certain revenues were recorded as deferred inflows of resources in the governmental funds because they did not meet the revenue recognition criteria of availability. However, they were included as revenue in the Government-Wide Statement of Activities under the full accrual basis. 379,082 Long-term compensated absences and claims payables were reported in the Government-Wide Statement of Activities, but they did not require the use of current financial resources and were not reported as expenditures in governmental funds.

Compensated absences 251,340
In governmental funds, actual contributions to pension plans are reported as expenditures in the year incurred. However, in the Government-Wide Statement of Activities, only the current year pension expense as noted in the plans' valuation reports is reported as an expense, as adjusted for deferred inflows and outflows of resources. (5,462,757)
Repayment of long-term debt was an expenditure in governmental funds, but the repayment reduced long-term liabilities in the Government-Wide Statement of Net Position. 1,565,896 Certain expenses reported in the statement of activities do not require the use of current financial resources and are not reported as expenditures in the fund statements as follows:

Other postemployment benefits adjustments and deferrals 140,404 Interest expense on long-term debt was reported in the Government-Wide Statement of Activities, but it did not require the use of current financial resources. Therefore, interest expense was not reported as expenditures in governmental funds. The following amount represented the net change in accrued interest from prior year. 18,779 Change in Net Position of Governmental Activities 7,533,218$ The accompanying notes are an integral part of these financial statements. 128
City of Rocklin
Statement of Net Position
Internal Service Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
2024 2023
ASSETS
Current assets:

Cash and investments 15,633,958$ 13,720,412$
Accounts receivable 57,268 -
Inventory and other 47,636 50,567
Total current assets 15,738,862 13,770,979
Non-current assets:

Capital assets - net 7,067,481 6,063,575
Total non-current assets 7,067,481 6,063,575
Total assets 22,806,343$ 19,834,554$

LIABILITIES
Current liabilities:

Accounts payable and accrued liabilities 134,810$ 70,785$ Claims payable 161,176 145,345
Compensated absences - current portion 9,716 10,475
Total current liabilities 305,702 226,605
Non-current liabilities:

Claims payable 2,650,110 2,327,282
Compensated absences 248 1,233
Total non-current liabilities 2,650,358 2,328,515 Total liabilities 2,956,060$ 2,555,120$

NET POSITION
Net Investment in capital assets 7,067,481$ 6,063,575$ Unrestricted 12,782,802 11,215,859
Total net position 19,850,283$ 17,279,434$
The accompanying notes are an integral part of these financial statements.

Totals
129
City of Rocklin
Statement of Revenues, Expenses and Changes in Fund Net Position Internal Service Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
2024 2023

OPERATING REVENUES
Charges for services 7,166,809 $ 5,911,674 $
Intergovernmental 1,806 2,804
Other revenue 27,360 11,047
Total operating revenues 7,195,975 5,925,525

OPERATING EXPENSES
Salaries and benefits 2,391,513 2,266,381
Services and supplies 3,457,006 2,554,476
Depreciation 1,033,923 1,003,751
Total operating expenses 6,882,442 5,824,608
Operating income (loss) 313,533 100,917

NONOPERATING REVENUES (EXPENSES)
Gain (loss) on sale of assets 45,135 11,000 Investment earnings 318,631 136,016
Total nonoperating revenues (expenses) 363,766 147,016 Income (loss) before operating transfers 677,299 247,933 Transfers in 54,550 898,000
Transfers out (60,151) (53,500)
Income (loss) before capital contributions 671,698 1,092,433 Capital contributions 1,899,151 402,595
Change in net position 2,570,849 1,495,028
Total net position - beginning 17,279,434 15,784,406 Total net position - ending 19,850,283$ 17,279,434$
The accompanying notes are an integral part of these financial statements.

Totals
130
City of Rocklin
Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
2024 2023
Cash flows from operating activities:

Receipts from interfund services provided 7,109,541 $ 5,911,993 $ Other receipts 29,166 13,851
Payments to suppliers for goods and services (3,055,223) (2,927,388) Payments to employees for services (2,389,425) (2,275,292) Net cash provided (used) by operating activities 1,694,059 723,164 Cash flows from noncapital financing activities:

Interfund transactions (5,601) 844,500
Net cash provided (used) by noncapital financing activities (5,601) 844,500 Cash flows from capital financing activities:

Purchases (sales) of capital assets - net (1,992,694) (423,782) Proceeds from capital contributions 1,899,151 402,595 Net cash provided (used) by capital financing activities (93,543) (21,187) Cash flows from investing activities:

Investment income received 318,631 136,016
Net cash provided (used) by investing activities 318,631 136,016 Net increase (decrease) in cash and cash equivalents 1,913,546 1,682,493 Cash and cash equivalents - beginning 13,720,412 12,037,919 Cash and cash equivalents - ending 15,633,958 $ 13,720,412 $ Reconciliation of operating income to net cash provided (used) by operating activities:

Operating income (loss) 313,533 $ 100,917 $
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:

Depreciation 1,033,923 1,003,751
Change in operating assets and liabilities:

Accounts receivable (57,268) 319
Inventory 2,931 (2,961)
Accounts payable and accrued liabilities 64,025 (15,529) Claims payable 338,659 (360,303)
Compensated absences (1,744) (3,030)
Net cash provided (used) by operating activities 1,694,059 $ 723,164 $ The accompanying notes are an integral part of these financial statements.

Totals
131
Successor
Agency
Private-Purpose Total
Trust Custodial Fiduciary
Funds Funds Funds
ASSETS
Current assets:

Cash and investments 1,261,507 $ 5,252,408 $ 6,513,915 $ Cash and investment with trustee/fiscal agent 794 4,109,390 4,110,184 Accounts receivable - 70,838 70,838 Total current assets 1,262,301 9,432,636 10,694,937 Non-current assets:

Land 480,576 - 480,576 Total assets 1,742,877$ 9,432,636 $ 11,175,513 $

LIABILITIES
Current liabilities:

Unearned revenues 650,943 $ - $ 650,943$ Interest payable 239,908 - 239,908 Due within one year 940,390 - 940,390 Total current liabilities 1,831,241 - 1,831,241 Noncurrent liabilities:

Bonds payable - net 15,845,076 - 15,845,076 Total liabilities 17,676,317$ - $ 17,676,317$

NET POSITION
Held in trust for Redevelopment Dissolution (15,933,440) $ - $ (15,933,440)$ Restricted for individuals, organizations and other governments - 9,432,636 9,432,636 Total Net Position (15,933,440)$ 9,432,636 $ (6,500,804) $ The accompanying notes are an integral part of these financial statements.

City of Rocklin
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2024
132
Successor
Agency
Private-Purpose Total
Trust Custodial Fiduciary
Funds Funds Funds

ADDITIONS
Property taxes 1,449,548 $ - $ 1,449,548$ Tax assessments - 4,405,204 4,405,204 Investment earnings 13,549 333,442 346,991 Other revenue - 11,430 11,430 Total additions 1,463,097 4,750,076 6,213,173

DEDUCTIONS
Professional services 7,750 107,000 114,750 Fees and charges 70,000 44,117 114,117 Repairs and maintenance 1,600 - 1,600 Debt service principal - 1,817,622 1,817,622 Debt service interest 620,918 2,354,341 2,975,259 Total deductions 700,268 4,323,080 5,023,348

Change in net position 762,829 426,996 1,189,825 Total net position - beginning (16,696,269) 9,005,640 (7,690,629) Total net position - ending (15,933,440)$ 9,432,636$ (6,500,804)$ The accompanying notes are an integral part of these financial statements.

City of Rocklin
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Year Ended June 30, 2024
133

NOTES TO FINANCIAL STATEMENTS
134
This page intentionally left blank
135
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Rocklin (City) was incorporated in 1893 und er the laws and regulation s of the State of California (State). The City operates under a City Coun cil/Manager form of government and provides the following services: general government, commun ity development, public safety, parks and recreation, and public works.

The basic financial statements of the City have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental agencies. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishin g governmental accounting and financial reporting principles. The more significant of the City's accounting policies are described below.

A. Financial Reporting Entity
The City operates as a self-governing local government unit within the State. It has limited authority to levy taxes and has the authority to determine user fees for the services that it provides. The City’s main funding sources include property taxes, sales taxes, other intergovernmental revenue from state and federal sources, user fees, and federal and state financial assistance.

The financial reporting entity consists of (a) the primary government, the City, (b) organizations for which the primary government is financially acco untable, and (c) o ther organ izations for which the primary government is not accou ntable, but for which t he nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity’s finan cial statements to be misleading or incomplete. Financial accountability is defined as the appointment of a voting majority of the component unit’s board, and either (a) the City has the ability to impose its will on the organization, or (b) there is a potential for the organization to provide a financial benefit to or impose a financial burden on the City.

As required by GAAP, these financial statements present the government and its component unit, an entity for which the government is con sidered to be financially accountable. This compo nent unit is reported on a blended basis. A blended component unit, although a legally separate en tity, is, in substance, part of the government’s operations and so data from this unit is combined with data of the primary government. The financial statement of the indiv idual component unit, if applicable as indicated b elow, may be obtained from the City of Rocklin website.

The City’s reporting entity includes the following blended component unit:

Rocklin Public Financing Authority
The Rocklin Public Financing Authority (Authority) was formed on December 13, 1994, as a joint powers authority between the City and the former Redevelopment Agency to serve as a financing mechanism for various capital projects. Upon the dissolution of the Rocklin Redevelopment Agency on February 1, 2012, the City appointed itself successor agency governed by an oversight board consisting of members from all taxing authorities i n the r edevelopment a rea t o wind up all r edevelopment a ctivities, w hich consiste d primarily of debt. Because of the limited authority of the successor, their membership in the Authority is also limited as the successor cannot obligate the Authority or issue new debt on its own. The City Council acts as the governing board in a concurrent session. The Authority provides services solely for the benefit of the City and is pr esented in the governmen tal activities in the fund financial statements as a blended component unit.
136
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

B. Basis of Presentation, Accounting and Measurement Focus

The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Government-
Wide Financial Statements

The City's government -wide financial statements include a Statement of Net Position a nd a Statement of Activities. These statements present summaries of governmental activities for the City. Fiduciary activities of the City are not included in 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 City did not have any business -type activities during the year.

These statements are presented on an "economic resources" measurement focus and the accrual basis of accounting. Accordingly, all of the City's assets, deferred outflows of resources, liabilities, deferred inflows of resources (including capital assets, as well as infrastructure assets, and long-term liabilities), are included in the accompanying Statement of Net Position. The Statement of Activities presents changes in net position.

Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. 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 clearly identifiable with a specific function or segment. In conformity with the City’s indirect cost allocation plan, certain indirect costs are included in the program expense reported for individual functions and activities.

Certain types of transactions are reported as program revenues for the City in three categories:

• Charges for services
• Operating grants and contributions
• Capital grants and contributions

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

Certain eliminations have been made as prescribed by GASB Statement No. 34 in regards to interfund activities, payables, and receivables. All internal balances in the Statement of Net Position have been eliminated. The following interfund activities have been eliminated:

• Transfers in/Transfers out
• Internal Service Fund charges

137
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Fund Financial Statements

Governmental Funds
Governmental fund financial statements include a Balance Sheet and a Statement of Revenues, Expenditures and Changes in Fund Balances for all major governmental funds and non-major funds aggregated. An accompanying schedule is provided to reconcile and expla in the differences in fund balances in th ese statements to the net position presented in the government -wide financial statements. The City has presented all major funds that met the applicable criteria.

All governmental funds are accounted for on a spending or "current financial resources" measurement focus and the modified accrual basis of accounting. Accordingly, only current assets, deferred outflows of resources, current liabilities, and deferred inflows of resources are included on the balance sheets. The Statement of Revenues, Expenditures and Changes in Fund Balances present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets.

Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period. Accordingly, revenues are recorded when received in cash, except that revenues subject to accrual (up to 60 days after year-end) are recognized when due. The primary revenue sources, which have been treated as susceptible to accrual by the City, are property tax, sales tax, special assessments, intergovernmental rev enues, other taxes, interest revenue, rental revenue and certain charges for services. Fines, forfeitures, licenses and permits are not susceptible to accrual because they are usually not measurable until received in cash.

Expenditures are recorded in the accounting period in which the related fund liability is incurred.

Unearned revenues arise when potential revenues do not meet both the "measurable" and "available" criteria for recognition in the current period. Unearned revenues also arise when the government receives resources before it has a legal claim to them, as wh en grant monies are received prior to incurring qualifying expenditures. In subsequent periods when both revenue recognition criteria are met or when the government has a legal claim to the resources, the unearned revenue is removed from the combined balance sheet and revenue is recognized.

The following funds are major funds:

General Fund
The General Fund is used to account for resources traditionally associated with the City , which are not required legally or by sound financial management to be accounted for in another fund. The General Fund pays for the City’s general operating expenditures, the fixed charges, and the capital costs that are not paid through other funds. The General Fund is a combination of other funds, which include, Quarry Park Amphitheater, Quarry Park Adventures Reserve, Streets Maintenance Reserve, Economic Development Reserve, Technology Fee, Retirees Health, Boroski Landfill Monitoring, ADA, and Parks Maintenance Reserve.

Community Facilities District No. 10
This fund was established to account for capital projects related to Community Facilities District No. 10 that was formed in 2005 to issue bonds for the construction of transportation, wastewater system, drainage, and landscaping facilities and other public improvements for development within the Whitney Ranch District.

138
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Low and Moderate Income Housing Asset Fund
This special revenue fund accounts for the administration and operation of the City’s low and moderate income housing program of the former Rocklin Redevelopment Agency transferred to the City of Rocklin as the Housing Successor.

Traffic Circulation Impact Fee Capital Projects Fund
This capital projects fund accounts for activities related to congestion management and traffic relief.

SB325 Sales Tax Fund
This fund accounts for sales tax revenue collected in accordance with Senate Bill 325 to be used for transit services, construction and maintenance of streets.

Streets Grants Fund
This fund accounts for funds received as reimbursement or grants related to street capital projects.

Additionally, the City reports the following nonmajor fund types of governmental funds:

Special Revenue Funds
Special revenue funds account for and report the proceeds of specific revenue sources that are restricted , committed or assigned to specific purposes other than debt service or capital projects.

Capital Project Funds
Capital project funds account for and report financial resources that are restricted, committed, or assigned to expenditure for capital outlays, including the acquisition or construction of capital facilities and other capital assets in governmental funds.

Debt Service Funds
Debt service f unds account for the accumulation of resources for, and payment on, long-term obligation debt principal and interest.

Permanent Funds
Permanent funds account for and report financial resources for the principal corpus of endowments where only the investment earnings can be spent on specified purposes.

Proprietary Funds

In the fund financial statements, proprietary funds are presented using the accrual basis of accounting.

Revenues are recognized when they are earned and expenses are recognized when the related goods or services are delivered. In the fund financial statements, proprietary funds are presented using the “economic resources measurement focus”. This means all assets, deferred outflow s of resources, liabilities (whether current or noncurrent) and deferred inflow s of resources associated with their activities a re included on their balance sheets. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in total net position.

Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with principal activity of the fund. Exchange transactions are those in which each party receives and gives up essentially equal value. Non-ope rating revenues, such as subsidies, taxes, and investment earnings result from nonexchange transactions or ancillary activities.

139
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

The City’s internal service funds are proprietary funds. Internal service funds account for charges to City departments for services provided, on a cost reimbursement basis. Amounts paid to acquire capital assets are capitalized as assets in the internal service funds financial statements.

Fleet Management Internal Service Fund
The Fleet Management Internal Service Fund is used to account for the financing of the City’s fleet services provided by one City department to other departments on a cost -reimbursement basis. The Fleet Management Internal Service Fund balances and activities have been combined with governmental activities in the government-wide financial statements.

Risk Management Internal Service Fund
The Risk Management Internal Service Fund is used to account for and finance the risk management functions for the City. This includes : general liability, workers compensation, property damage, dental, vision, and other insurance expenditures and also holds resources for Self -Insured Losses and Disaster Contingency. The Risk Management Internal Service Fund balances and activities have been combined with governmental activities in the government-wide financial statements.

Fiduciary Funds

Private Purpose Trust Funds
Private Purpose Trust Funds account for resources held for other individuals and entities in a manner similar to private enterprise.

Custodial Funds
Custodial Funds are used to account for assets held by the City in a trustee capacity or as a custodian for individuals, private organizations, other governments and/or other funds. Custodial funds are used to report fiduciary activities that are not required to be reported in pension (and other employee benefits) trust funds, investment trust funds, or private-purpose trust funds. Custodial funds are accounted for using an economic resource measurement focus and require a resource flow statement.

C. Cash Deposits and Investments

The City pools its available cash for investment purposes. The City's cash and cash equivalents are considered to be cash on hand, demand deposits, and short-term investments with original maturity of three months or less from the date of acquisition. Cash and cash equivalents are combined with investments and displayed as Cash and Investments.

Deposit and Investment Risk Disclosures - In accordance with GASB Statement No. 40, Deposit and Investment Disclosures (Amendment of GASB Statement No. 3), certain disclosures are required for Deposit and Investment Risks in the following areas, if applicable:

• Interest Rate Risk
• Credit Risk
o Overall
o Custodial Credit Risk
o Concentrations of Credit Risk
• Foreign Currency Risk
140
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Other disclosures are specified including use of certain methods to present deposits and investments, highly sensitive investments, credit quality at year-end and other disclosures.

The City participates in the Local Agency Investment Fund (LAIF), an investment pool for local governments and special districts managed by the State of California. Under Federal Law, the State of California cannot declare bankruptcy; therefore , deposits in LAIF shall not be subject to either of the following: (a) transfer or loan pursuant to Government Code Sections 16310, 16312, or 16313, or (b) impoundment or seizure by any state official or state agency.

The City participates in the Placer County Treasurers Investment Portfolio, an investment pool for local governments, school districts, and special districts in Placer County. Investments are made in accordance with Government Code Section 27000.5, “When investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing public funds, the primary objective of the county treasurer is to safeguard the principal of the funds under his or her control. The secondary objective is to meet the liquidity needs of the depositor. The third objective is to achieve a return on the funds under his or her control.”

Investments are recorded at fair value in accordance with GASB Statement No. 72, Fair Value Measurement and Application. Accordingly, the change in fair value of investments is recognized as an increase or decrease to investment assets and investment income.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction. In determining this amount, three valuation techniques are available:

• Market approach - This approach uses prices generated for identical or similar assets or liabilities.

The most common example is an investment in a public security traded in an active exchange such as the New York Stock Exchange.
• Cost approach - This technique determines the amount required to replace the current asset. This approach may be ideal for valuing donations of capital assets or historical treasures. • Income approach - This approach converts future amounts (such as cash flows) into a current discounted amount.

Each of these valuation techniques requires inputs to calculate a fair value. Observable inputs have been maximized in fair value measures, and unobservable inputs have been minimized.

D. Interfund Receivables and Payables

Items classified as interfund receivables/payables are referred to as “advances to/advances from other funds” or as “due to/from other funds”. Due to/from other funds include short-term lending/borrowing transactions between funds. This classification also includes the current portion of an advance to or from another fund.

Advances to/advances from other funds represents non -current portions of any long-term lending/borrowing transactions between funds. This amount will be equally offset by a reserve of fund balance, which indicates that it does not represent available financial resources, and is not available for appropriation.

E. Receivables

In the government -wide statements, receivables consist of all revenues earned at year -end and not yet received. Major receivable balances for the governmental activities include property taxes, sales and use taxes, transient taxes, franchise taxes, intergovernmen tal subventions, interest earnings, and expense reimbursements.
141
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

In the fund financial statements, material receivables in governmental funds include revenue accruals such as property tax, sales tax, transient tax, franchise tax, and intergovernmental subventions since they are usually both measurable and available. Non-exchange transactions collectible but not available, such as property tax, are deferred in the fund financial statements in accordance with the modified accrual basis, but not deferred in the government-wide financial statements in accordance with the accrual basis.

Interest and investment earnings are recorded when earned only if paid within 60 days since they would be considered both measurable and available. The City’s experience is that all accounts receivable are collectible; therefore an allowance for doubtful accounts is unnecessary.

F. Loans Receivable

Under the City’s housing assistance program, loans are made to qualified individuals and businesses within prescribed project areas for the purpose of housing acquisition, housing rehabilitation and/or economic development. The majority of these loans are on a deferred payback program . Repayments of the outstanding loans are applied to the principal balance of the loan receivable. The long-term portion of loans receivable has been offset by Unearned Revenues in the accompanying financial statements, as applicable.

G. Leases Receivable

The City’s measures leases receivable at the present value of rent payments expected to be received during the contract term. The City records deferred inflow s of resources at the initiation of the contract in an amount equal to the initial recording of the leases receivable plus incentive payments received, if any. The deferred inflow of resources is amortized on a straight-line basis over the term of the contract. If there is no stated rate in the contract and the implicit rate cannot be determined, the City uses its own estimated incremental borrowing rate as the discount rate to measure the leases receivable. The City’s estimated incremental borrowing rate is based on its actual incremental borrowing rate for the most recent debt issuance.

H. Inventories

The City maintains an inventory for fuel that is recorded at cost in the Fleet Internal Service Fu nd and expensed when consumed. The cost of other consumable materials and supplies on hand are immaterial to the financial statements, and the City has therefore chosen to report these items as expenditures/expenses at the time of purchase.

I. Capital Assets

The City's assets are capitalized at historical cost or estimated historical cost, if actual is unavailable, except for donated capital assets. Donated works of art and similar items, and capital assets received in a service concession arrangement , are reported at acquisition value at the date of donation. Policy has set the capitalization threshold for reporting at $10,000 for non-i nfrastructure capital assets, $5,000 for grant funded non-infrastructure capital assets, and $100,000 for infrastructure capital assets.

Public domain (infrastructure) capital assets include streets, bridges, curbs and gutters, sidewalks, drainage systems, and lighting systems. The accounting treatment of property, plant and equipment (capital assets) depends on whether the assets are used in governmental fund operations or proprietary fund operations and whether they are reported in the government-wide or fund financial statements. 142
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Depreciation/amortization of all exhaustible capital assets is recorded as an allocated expense in the Statement of Activities, with accumulated depreciation/amortization reflected in the Statement of Net Position. Depreciation/amortization is provided over the assets’ estimated useful lives using the straight - line method of depreciation. The range of estimated useful lives by asset type is as follows:

Equipment, machinery and vehicles 3-10 years
Facilities and improvements 15 years
Infrastructure 25-50 years
Buildings and building improvements 30 years

Intangible right-to-use lease assets are amortized over the shorter of the lease term or the useful life of the underlying asset, unless the lease contains a purchase option that the City has determined is reasonably certain of being exercised, then the lease asset is amortized over the useful life of the underlying asset.

Intangible right-to-use subscription assets are amortized over the shorter of the subscription term or the useful life of the underlying information technology asset.

In the fund financial statements, capital assets used in governmental fund operations are accounted for as capital outlay expenditures of the governmental fund upon acquisition. Capital assets used in proprietary fund operations are accounted for in the same way as in the government-wide statements.

J. Deferred Outflows/Deferred Inflows

Deferred outflows of resources is a consumption of net assets by the City that is applicable to a future reporting period; for example, prepaid items and deferred charges. Deferred inflows of resources is an acquisition of net assets by the City that is applicable to a future reporting period; for example, unearned revenue and advance collections. The City has deferred outflows and deferred inflows of resources related to the implementation of GASB 68 for pension retirement plan s, GASB 75 for Other Post Retirement Benefit Plans, and leases receivables.

K. Interest Payable

In the government -wide financial statements, interest payable on long -term debt is recognized as an incurred liability for governmental fund types. The City has not allocated the interest on long- term debt to departments.

In the fund financial statements, governmental fund types do not recognize the interest payable when the liability is incurred. Interest on long-term debt is recorded in the fund statements when payment is made.

L. Claims Payable

The City records a liability to reflect an actuarial estimate of ultimate uninsured losses for general liability claims. The estimated liability for these claims includes "incurred but not reported" (IBNR) claims. There is no fixed payment schedule to pay these liabilities.

M. Compensated Absences

The City’s policies regarding vacation time and compensatory time permit employees to accumulate earned but unused leave, up to limits agreed upon with by individual employee bargaining units. This debt is 143
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

estimated based on historical trend analysis, the current portion of which is reported in the General Fund, the remaining balance is shown in the government-wide financial statements.

N. Long-Term Liabilities

The accounting treatment of long-term liabilities depends on whether the assets are used in governmental fund operations or proprietary fund operations and whether they are reported in the government -wide or fund financial statements.

All long -term liabilities to be repaid from governmental resources are reported as liabilities in the government-wide statements. The long -term liabilities consist of Lease Revenue Bonds and unamortized premiums, direct borrowings, the net OPEB liability, the pension obligations, compensated absences, and a liability for claims.

Long-term liabilities for governmental funds are not reported as liabilities in the fund financial statements.

The debt proceeds are reported as revenue. Payment s of principal and interest reported as expenditures.

Long-term liabilities for proprietary funds are reported in the f und statements similar to how they are reported in the government -wide statements. Debt proceeds are reported as liabilities and payments are reported as reductions to the liability and as interest expense.

O. Subscription Based Information Technology Arrangements

The City recognizes subscription liabilities with an initial, individual value of $50,000 or more. The City uses its estimated incremental borrowing rate to measure subscription liabilities unless it can readily determine the interest rate in the arrangement. The City’s estimated incremental borrowing rate is based on its actual incremental borrowing rate for the most recent debt issuance.

P. Pensions Expense

For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the City’s California Public Employees’ Retirement System (CalPERS) pla ns (the 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.

Q. Other Postemployment Benefits Other Than Pensions (OPEB)

For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense information about the fiduciary net position of the City’s Retiree Benefits Plan (the OPEB Plan) and additions to/deductions from the OPEB Plan's fiduciary net position have been determined on the same basis as they are reported by the OPEB Plan. For this purpose, the OPEB Plan recognizes benefit payments when due and payable in accordance with the benefit terms.

Investments are reported at fair value, except for money market investments and participating interest - earning investment contracts that have a maturity at the time of purchase of one year or less, which are reported at cost.

Valuation Date June 30, 2022
Measurement Date June 30, 2023
Measurement Period July 1, 2022 to June 30, 2023
144
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

R. Fund Balances

In accordance with GASB 54, Fund Balance Reporting and Governmental Fund Type Definitions, the City classifies governmental fund balances as follows:

Nonspendable
• Assets that will never convert to cash (prepaid items, inventory). • Assets that will not convert to cash soon enough to affect the current period (long-term loans receivable). • Resources that must be maintained intact pursuant to legal or contractual requirements (the principal of an endowment).

Restricted
• Resources that are subject to externally enforceable legal restrictions imposed by parties outside the City (Creditors, Grantors, Contributors, other Governments). • Resources that are subject to limitations imposed by law through constitutional provisions or legislation (Gas Tax).

Committed
• Self-imposed limitations set in place prior to the end of the period (encumbrances, economic contingencies, and uncertainties).
• Limitation established at the highest level of decision -making (Council) and requires formal action at the same level to remove.
• Council resolution is required to establish, modify, or rescind a fund balance commitment.

Assigned
• Amounts in excess of nonspendable, restricted, and committed fund balance in funds other than the General Fund are reported as assigned fund balance.

Unassigned
• Residual net resources.
• Total fund balance in the General Fund in excess of nonspendable, restricted, committed, and assigned fund balance (surplus).
• Excess of nonspendable, restricted, and committed fund balance over total fund balance (deficit).

Flow Assumption / Spending Order Policy
When expenditures are incurred for purposes for which both restricted and unrestricted fund balance is available, the City considers restricted funds to be spent first. When expenditures are incurred for which committed, assigned, or unassigned fund balances are available, the City considers amounts to be spent first out of committed funds, then assigned funds, and finally, unassigned funds, as needed, unless the City Council has directed otherwise.

S. Net Position

In the government-wide financial statements, net position is classified in the following categories:

Net Investment in Capital Assets
This amount consists of capital assets net of accumulated depreciation and reduced by outstanding debt that is attributed to the acquisition, construction, or improvement of the assets. In addition, deferred outflows of resources and deferred inflows of resources that are attributable to the acquisition, construction, or 145
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

improvement of those assets or related debt are also included in the net investment in capital assets component of net position.

Restricted Net Position
This amount is restricted by external creditors, grantors, contributors, or laws and regulations of other governments. Certain proceeds from debt and loans are reported as restricted net position because their use is limited by applicable debt or other covenants.

Unrestricted Net Position
This amount is net position that do es not me et the definition of "net investment in capital assets" or "restricted net position."

The detail of amounts reported for each of the above defined net position categories is reported in the government-wide Statement of Net Position.

Use of Restricted/Unrestricted Net Position
When an expense is incurred for purposes for which both restricted and unrestricted net position is available, the City's policy is to apply restricted net position first.

T. Interfund Transactions

Interfund services provided and used are accounted for as revenue, expenditures or expenses, as appropriate.

Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund are recorded as expenditures/expenses in the reimbursed fund.

Nonrecurring or non-routine permanent transfers of equity are reported as residual equity transfers. All other interfund transactions, except for interfund services provided and used and reimbursements, are reported as transfers.

U. Property Taxes and Special Assessments

Under California law, property taxes are assessed and collected by the counties up to 1% of assessed value, plus other increases approved by the voters. The property taxes go into a pool, and are then allocated to the cities in accordance with statutory regulations.

Property taxes attach annually as an enforceable lien on January 1. Taxes are levied on January 1, are payable in two installments, and are delinquent at December 10 and April 10. The County of Placer (the County) is responsible for the collection and allocation of property taxes. The County apportions secured property tax revenue in accordance with the alternate methods of distribution, the “Teeter Plan,” as prescribed by Section 4717 of the California Revenue and Taxation code. Therefore, the City receives 100% of the secured property tax levies to which it is entitled, whether or not collected.

V. Stewardship, Compliance, and Accountability

It is the City's policy to adopt annual budgets. The City Council may amend the budget by motion during the fiscal year.

Expenditures may not legally exceed appropriations at the fund level. Appropriations lapse at the end of the fiscal year. Budget information is presented for governmental fund types on a basis consistent with 146
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

accounting principles generally accepted in the United States of America. Budgeted revenue and expenditure amounts represent the original budget and all approved budget amendments.

The City follows these procedures in establishing the budgetary data reflected in the financial statements:

1. Public meetings are conducted to obtain public comments. The City Council annually adopts the budget for the ensuing fiscal year prior to July 1st.

2. Legally adopted budgets and formal budgetary integration is employed as a management control device during the year for all Governmental, Proprietary and Fiduciary Fund Types.

3. Under Article XIII B of the California Constitution (the Gann Spending Limitation Initiative), the City is restricted as to the amount of annual appropriations from the proceeds of taxes, and if proceeds of taxes exceed allowed appropriations, the excess m ust either be refunded to the State Controller, returned to the taxpayers through revised tax rates or revised fees schedules, or an excess in one year may be offset against a deficit in the following year. For the fiscal year ended June 30, 2024, based on the City’s calculations, proceeds of taxes did not exceed the appropriations limit.

4. Budgeted appropriations for the various governmental funds become effective each July 1st.

W. Unearned Revenue

Unearned revenue arises when assets are received before revenue recognition criteria have been satisfied.

Grants and entitlements received before eligibility requirements are met are recorded as deferred inflows from unearned revenue. In the governmental f und financial statements, receivables associated with non- exchange transactions that will not be collected within the availability period have been recorded as deferred inflows from unavailable resources.

X. Use of Estimates

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

Y. Comparative Data

Comparative data for the prior year has been presented in the accompanying financial statements in order to provide an understanding of changes in the government's financial position and operations.

Z. Implementation of New Accounting Pronouncements

GASB Statement No. 100, Accounting Changes and Error Corrections —an amendment of GASB Statement No. 62

This Statement defines accounting changes as changes in accounting principles, changes in accounting estimates, and changes to or within the financial reporting entity and describes the transactions or other events that constitute those changes. This Statement also prescribes the accounting and financial reporting for (1) each type of accounting change and (2) error corrections in previously issued financial statements.

This statement did not have a material impact on the financial statements. 147
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

AA. Upcoming New Accounting Pronouncements

The City is currently analyzing its accounting practices to determine the potential impact on the financial statements of the following recent GASB Statements:

GASB Statement No. 101, Compensated Absences

This Statement requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used but not yet paid in cash or settled through noncash means. A liability should be recognized for leave that has not been used if (a) the leave is attributable to services already rendered, (b) the leave accumulates, and (c) the leave is more likely than not to be used for time off or otherwise paid in cash or settled through noncash means. Leave is attributable to services already rendered when an employee has performed the services required to earn the leave. Leave that accumulates is carried forward from the reporting period in which it is earned to a future reporting period during which it may be used for time off or otherwise paid or settled. In estimating the leave that is more likely than not to be used or otherwise paid or settled, a government should consider relevant factors such as employment policies related to compensated absences and historical infor mation about the use or payment of compensated absences. However, leave that is more likely than not to be settled through conversion to defined benefit postemployment benefits should not be included in a liability for compensated absences.

This Statement requires that a liability for certain types of compensated absences - including parental leave, military leave, and jury duty leave —not be recognized until the leave commences. This Statement also requires that a liability for specific types of compensated absences not be recognized until the leave is used.

A liability for leave that has been used but not yet paid or settled should be measured at the amount of the cash payment or noncash settlement to be made. Certain salary -related payments that are directly and incrementally associated with payments for leave also should be included in the measurement of the liabilities.

The requirements of this Statement are effective for fiscal years beginning after December 15, 2023, and all reporting periods thereafter. However, the City implemented GASB 101 as of June 30, 2024. This statement did not have a material impact on the financial statements.

GASB Statement No. 102, Certain Risk Disclosures

This Statement requires a government to assess whether a concentration or constraint makes the primary government reporting unit or other reporting units that report a liability for revenue debt vulnerable to the risk of a substantial impact. Additionally, this Statement requires a government to assess whether an event or events associated with a concentration or constraint that could cause the substantial impact have occurred, have begun to occur, or are more likely than not to begin to occur within 12 months of the date the financial statements are issued.

If a government determines that those criteria for disclosure have been met for a concentration or constraint, it should disclose information in notes to financial statements in sufficient detail to enable users of financial statements to understand the nature of the circumstances disclosed and the government’s vulnerability to the risk of a substantial impact. The disclosure should include descriptions for (1) the concentration or constraint (2) each event associated with the concentration or constraint that could cause a substantial impact if the event had occurred or had begun to occur prior to the issuance of the financial statements (3) actions taken by the government prior to the issuance of the financial statements to mitigate the risk. The 148
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

requirements of this Statement are effective for fiscal years beginning after June 15, 2024, and all reporting periods thereafter.

GASB Statement No. 103, Financial Reporting Model Improvements

This Statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability.

This Statement establishes new accounting and financial reporting requirements or modifies existing requirements related to (a) Management’s discussion and analysis (MD&A) (b) Unusual or infrequent items (c) Presentation of the proprietary fund statement of revenues, expenses, and changes in fund net position (d) Information about major component units in basic financial statements (5) Budgetary comparison information (6) Financial trend information in the statistical section

The requirements of this Statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter.

NOTE 2 - CASH AND INVESTMENTS

As of June 30, 2024, cash and investments were reported in the financial statements as follows:

A. Cash Deposits

The California Government Code requires California banks and savings and loan associations to secure the City's cash deposits by pledging securities as collateral. This Code states that collateral pledged in this manner shall have the effect of perfecting a security interest and places the City ahead of general creditors of the institution.

The market value of pledged securities must equal at least 110 percent of the City's cash deposits. California law also allows institutions to secure City deposits by pledging first trust deed mortgage notes that have a value of 150 percent of the City's t otal cash deposits. The City has waived the collateral requirements for cash deposits which are fully insured to $250,000 by the Federal Deposit Insurance Corporation (FDIC).

The bank balances before reco nciling items totaled $1 7,693,012 at June 30, 2024, and could be different from carrying amounts due to deposits in transit and outstanding checks. The uninsured amount was $17,193,012, which was collateralized by securities held by pledging financial institutions.

B. Local Agency Investment Fund

LAIF is regulated by the California Government Code Section 16429 under the oversight of the Treasurer of the State of California. The City reports its investment in LAIF at the fair value amount provided by LAIF, which is the same as the value of the pool share. As of June 30, 2024, the fair value was $46,423,019.

Total
Governmental Fiduciary Cash and
Activities Activities Investments
Cash and Investments 142,425,078$ 6,513,915$ 148,938,993$ Restricted Cash and Investments 1,764,583 4,110,184 5,874,767 Total Cash and Investments 144,189,661$ 10,624,099$ 154,813,760$ Fair Value
149
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

The balance is available for withdrawal on demand. Included in LAIF’s investment portfolio are collateralized mortgage obligations, mortgage -backed securities, other asset- backed securities, loans to certain state funds, and floating rate securities issued by federal agencies, government -sponsored enterprises, United States Treasury Notes and Bills, and corporations. As of June 30, 2024 , these investments matured in an average of 217 days.

C. Placer County Treasurer’s Investment Portfolio

The Placer County Treasurer’s Investment Portfolio operates under the oversight of The Placer County Treasurer’s Review Panel. Investments are made in accordance to California Government Code Section 27000.5 and limited to those investments specified by California Government Code Sections 53601 and 53635. As of June 30, 2024, the value of City investment in the fund was $8,988,583 . These monies are held in various investments consisting of treasury notes and bills, other government bonds and money market instruments.

D. Investment Policies

City Investment Policy
Under the provisions of the City's investment policy, and in accordance with California Government Code, the following investments are authorized:

Category Standard
U.S. Treasuries No portfolio limit; 5 years max maturity Federal Agencies No portfolio limit; 20% max callable federal agency securities; 30% max per institution/issuer; 5 years max maturity
Supranational Obligations "AA" rated or better by a NRSRO; 30% portfolio max; 10% max per institution/issuer; 5 years max maturity; USD denominated senior unsecured unsubordinated obligations issued or
unconditionally guaranteed by IBRD, IFC, or IADB; Eligible for purchase and sale within the U.S.

Municipal Securities (CA, Other States) "A" rating category or better by a NRSRO; 30% portfolio max; 5% max per institution; 5 years max maturity
Corporate Medium Term Notes "A" rating category or better by a NRSRO; 30% portfolio max; 5% max per institution/issuer; 5 years max maturity; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S.

Mortgage-Backed Securities "AA" rating category or better by a NRSRO; 20% portfolio max; 5% max per institution/issuer; 5 years max maturity; Mortgage Pass-Through Securities, Collateralized Mortgage Obligations, Asset-Backed, or Mortgage-Backed bonds
Negotiable Certificates of Deposit (NCD) The amount invested in NCDs subject to limitations of California Government Code; Any amount above the FDIC insured limit must be issued by institutions which have short-term debt obligations rated “A-1” or better by a NRSRO; or long-term obligations rated “A” or its equivalent or better by a NRSRO; 30% portfolio max (combined with CDARS); 5% max per
institution/ issuer; 5 years max maturity
150
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Category Standard
Time Deposits (Non-negotiable CD/TD) 20% portfolio max; Max per institution/issuer limited to maximum covered under federal insurance; 5 years max maturity; Non-negotiable time deposits FDIC or collateralized in accordance with California Government Code and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA)
Collateralized Bank Deposits No portfolio limit; deposits with financial institutions will be collateralized with pledged securities per California Government Code, Section 53651 Banker’s Acceptances Short-term debt obligations "A-1" rating category or better by a NRSRO or long- term debt obligations "A" rating category or better by a NRSRO; 40% portfolio max; 5% max per institution/issuer; 180 days max maturity Commercial Paper Issued by domestic corporation with assets >$500 million and having an "A-1" long-term rating or better by a NRSRO or if the issuer has other debt obligations, having an "A" long-term rating or better by a NRSRO; or Issuer organized in the U.S. as a special purpose corporation, trust, or limitied liability company with program-wide credit enhancements and an "A-1" rating or better by a NRSRO; 25% portfolio max; 5% max per institution/issuer; 10% max of the outstanding paper of the issuing corporation; 270 days maturity Money Market Mutual Funds 20% portfolio max; 20% max per shares of any one Money Market Mutual Fund; Shares of beneficial interest issued by Mutual Funds and Money Market Funds registered with SEC under the Investment Company Act of 1940; Companies shall either: (i) Attain highest rating by two NRSROs; or (ii) Have an investment adviser registered with SEC with > 5 years experience investing in securities as authorized by by California Government Code, Section 53601, inclusive and with AUM >$500 million; The purchase price of shares of Mutual Funds or Money Market Funds shall not include any commission that the companies may charge
Mutual Funds 20% portfolio max; 10% max per shares of any one mutual fund; Shares of beneficial interest issued by Mutual Funds and Money Market Funds registered with SEC under the Investment Company Act of 1940; Companies shall either:
(i) Attain highest rating by two NRSROs; or (ii) Have an investment adviser registered with SEC with > 5 years experience investing in securities as authorized by California Government Code, Section 53601 and with AUM >$500 million; Mutual Funds that invest in securities and obligations as authorized under California Government Code, Section 53601 (a) to (k) and (m) to (q). The purchase price of shares of Mutual Funds or Money Market Funds shall not include any commission that the companies may charge Local Agency Investment Fund (LAIF) Maximum amount permitted by State law and LAIF Local Government Investment Pools 25% portfolio max in the Placer County Treasurer's Investment Pool Repurchase Agreements No portfolio limit; 1 year max maturity; 102% collateralized; Securities used as collateral for Repurchase Agreements will be delivered to an acceptable third-party custodian; Repurchase agreements are subject to a Master Repurchase Agreement (in the form developed by SIFMA) between the City and the provider of the repurchase agreement
151
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

E. Risk Disclosures

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 term of an investment’s maturity, the greater the sensitivity to changes in market interest rates. It is the City’s practice to manage its exposure to interest rate risk by purchasing a combination of shorter and longer -term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for City’s operations. The City’s policy is to limit the weighted average maturity of its investment portfolio to less than five years. As of June 30, 2024, none of the City investments exceeded five years and 63 % of the City’s total cash and investments were liquid or matured within one year.

Credit Risk

Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of an investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. As of June 30, 2024, the City’s investments were in compliance with the ratings required by the City’s investment policy, indenture agreements and Government Code.

Concentrations of Credit Risk

As of June 30, 2024, the City had no investments in any one issuer exceeding that allowed by City policy, which is more conservative than stipulated by the California Government Code.

Custodial Credit Risk

For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the City will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. The California Government Code and the City's investment policy contains legal or policy requirements that would limit the exposure to custodial credit risk for investments.

For the investments maintained by the City, no security was uninsured , or unregistered , or held by a brokerage firm which is also the counterparty for the security. 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).

152
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

As of June 30, 2024, the City’s investments had the following maturities and ratings:

F. Fair Value Measurements

GASB 72 established a hierarchy of inputs to valuation techniques. This hierarchy has three levels:
• Level 1 inputs are quoted prices in active markets for identical assets or liabilities. • Level 2 inputs are quoted market prices for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other than quoted prices that are not observable. • Level 3 inputs are unobservable inputs, such as a property valuation or an appraisal.

NOTE 3 - ACCOUNTS RECEIVABLE

Accounts receivable consisted of the following as of June 30, 2024:

Fair AAAm/ Not G72
Cash or Investment Type Value <1 Year >1 Year Exempt Aaa-mf Rated Input Local Agency Investment Fund (LAIF) 46,423,019$ 46,423,019$ -$ 46,423,019$ -$ - $ Level 1/2 Money Market/Mutual Funds 8,223,085 8,223,085 - - 8,223,085 - Level 2 Special Assessment Bonds 6,440,883 - 6,440,883 - - 6,440,883 Level 1/2 County Treasurer's Investment Portfolio 8,988,583 8,988,583 - 8,988,583 - - Level 2 C
orporate Notes 22,772 - 22,772 - - 22,772 Level 1 Cash on Hand 3,328 3,328 - 3,328 - - n/a Chandler Investments:

Agency 3,124,528 - 3,124,528 - 3,124,528 - Level 1 Agency CMBS 2,399,740 - 2,399,740 - 2,399,740 - Level 1 Corporate 16,102,035 - 16,102,035 - 16,102,035 - Level 1 Money Market Fund 421,811 421,811 - - 421,811 - Level 1 Supranational 2,437,628 - 2,437,628 - 2,437,628 - Level 1 US Treasury 48,605,472 22,167,544 26,437,928 - 48,605,472 - Level 1 Cash 96,665 96,665 - - 96,665 - n/a Cash Deposits 11,524,211 11,524,211 - 11,524,211 - - n/a Total Cash and Investments 154,813,760$ 97,848,246$ 56,965,514$ 66,939,141$ 81,410,964$ 6,463,655 $ Investment Maturities Year End Rating
Traffic
Circulation Streets
General Impact Fee Grants Nonmajor
Receivables Fund Fund Fund Funds Total
Federal Government -$ -$ -$ 91,789$ 91,789$ State Government 1,635,227 - 1,592,964 282,079 3,510,270 Local Taxes 4,812,362 - - 738,485 5,550,847 Local Other 1,398,099 39,904 555,413 150,219 2,143,635 Totals 7,845,688$ 39,904$ 2,148,377$ 1,262,572$ 11,296,541$ 153
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

NOTE 4 - LEASES RECEIVABLES

As of June 30, 2024, the City’s leases receivable were $3,830,409 and deferred inflows of resources were $3,791,504. The net present value of the leases receivable was valued using an interest rate of 2.95% with annual payments of $325,000 over sixteen years.

The future payments were as follows:

NOTE 5 - INTERFUND TRANSACTIONS

A. Interfund Receivables and Payables

Due To/From Other Funds

The timing of when cash is received and paid can result in a negative cash balance in a fund as of fiscal year end. At year-end, a liability, “Due To Other Funds” is created to eliminate any negative cash balances along with a corresponding asset, “Due From Other Funds”. In the following fiscal year, the liabilities are settled and the assets are liquidated. As of June 30, 2024, interfund receivables and payables consisted of the following:

Year Ending
June 30 Principal Interest Total
2025 214,893$ 110,107$ 325,000$
2026 221,319 103,681 325,000
2027 227,937 97,063 325,000
2028 234,752 90,248 325,000
2029 241,772 83,228 325,000
2030-2034 1,321,725 303,275 1,625,000
2035-2039 1,368,011 94,489 1,462,500 Total 3,830,409$ 882,091$ 4,712,500$
Due from Due to
Fund Other Funds Other Funds
General Fund 993,512$ -$
Streets Grants Fund - 618,580
Nonmajor Funds - 374,932
Total 993,512$ 993,512$
154
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

B. Transfers In/Out

Interfund transfers result from the movement of resources from one fund to another within the governmental unit. At June 30, 2024, interfund transfers consisted of the following:

Transfers are used to (1) move revenues from the fund that statute or budget requires to collect them to the fund that statute or budget requires to expend them, and (2) move receipts restricted to debt service from the funds collecting the receipts to the debt service fund as debt service payments become due.

Fund Fund Type Transfers in Transfers out
Major Funds:

General Fund Ge neral 5,918,712$ 558,874$
Sales Tax SB 325 Special Revenue - 821,653 Low Mod Income Housing Asset Capital Projects 3,200 143,706 Traffic Circulation Impact Fee Capital Projects - 84,792 Nonmajor Funds:

Capital Construction Debt Service Debt Service 531,610 - Gas Taxes Special Revenue - 136,705
Community Facilities District No. 1 Special Revenue - 2,347,507 Community Facilities District No. 5 Special Revenue 16,106 764,123 Community Facilities District No. 6 Special Revenue - 34,503 Landscaping and Lighting Maintenance District No. 2 Special Revenue - 334,887 Park Development & Maintenance Tax Fund Special Revenue - 652,469 Traffic Safety/PD Grants Special Revenue 1,123 543
OPIOID Settlement Special Revenue - 170,143 CDBG HUD Entitlement Special Revenue - 59,035 Grants and Other Reimbursables Special Revenue - 64,754 Supplemental Law Enforcement Grant Special Revenue - 206,033 Capital Construction Tax Capital Projects 500,000 531,610 Oak Tree Mitigation Capital Projects - 16,420 Whitney Ranch Trunk Sewer Project Capital Projects - 8,655 North West Rocklin Community Park Fees Capital Projects - 2,727 Whitney Ranch Interchange Fees Capital Projects - 7,305 Wetlands Maintenance Permanent - 2,600 Conservation Easement Endowment Fund Permanent - 16,106 Total Governmental Funds 6,970,751 6,965,150
Internal Service Funds:

Fleet Management Internal Service 54,550 60,151
Total Transfers 7,025,301$ 7,025,301$
155
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

NOTE 6 - LOANS RECEIVABLE
Through the City’s various programs , the City has loaned funds to qualifying individuals and businesses.

Interest rates vary depending on the terms of the loan. Interest is accrued on the loans that bear interest.

Loans receivable consisted of the following as of June 30, 2024:

The following is a summary of the loans and notes receivable outstanding as of June 30, 2024:

Highway 65 Sunset Interchange Loan
As members of the “Bizz Johnson Joint Powers Authority” (JPA), Placer County, the City of Roseville, and the City of Rocklin made loans to the JPA for the construction of the Sunset Blvd. Highway 65 interchange.

The original loan amount from the City of Rocklin was $2,033,684. The loan does not bear interest. The timing of the JPA repayments is at the discretion of the JPA Board. At June 30, 2024, a balance of $669,665 was outstanding.

William Jessup University Ave.

On February 25, 2017 , the City entered into a reimbursement agreement with WJU to release WJU from obligations for street improvements on University Ave that were completed by the City. In lieu of WJU’s construction and street improvements, WJU shall reimburse the City $3,015,066. Reimbursement payments shall be made over 6 years (2019 to 2024) and bear interest at 2.15% per annum with the final payment due July 1, 2024. The balance outstanding as of June 30, 2024 was $502,511.

Community Development Block Grant (CDBG) Revolving Loans The City participates in a CDBG Revolving loan program. The program is federally funded and provides housing rehabilitation loans to eligible applicants. The City makes loans to resident homeowners who qualify as low income, some of which are deferred and are not repaid until the title to the property changes.

The balance of these loans at June 30, 2024 was $310,714.

First Time Home Buyers
The City has made various loans to qualifying participants within the City as part of the Federal First Time Home Buyers Program (HOME). Interest rates vary depending on the terms of the loan and interest is deferred until the loan is refinanced or title t o the property changes and may be waived under certain conditions if the loan is carried to full term. The HOME notes receivable balance at June 30, 2024 was $623,856.

Down Payment Assistance Loans
The former Rocklin Redevelopment Agency began a down payment assistance program in 2007 to help low and moderate income individuals with purchases of a home. Qualifying individuals receive down Loans Receivable Beginning Additions Deletions Ending
Highway 65 Sunset Blvd. Interchange 759,775$ -$ 90,110$ 669,665$ William Jessup University Ave. 1,005,022 - 502,511 502,511 Community Development Block Grant 310,714 - - 310,714 First Time Home Buyers 694,337 - 70,481 623,856 Down Payment Assistance 941,657 - 18,000 923,657 Villa Serena II 486,102 - 108,138 377,964 College Manor 650,000 - - 650,000 Sunset Blvd 575,000 - - 575,000 HPD Shannon Bay 425,784 - 10,572 415,212 Placer West Housing Partners 311,470 - - 311,470 Placer County Flood Control District 33,613 - 20,388 13,225 Total Loans Receivable 6,193,474$ -$ 820,200$ 5,373,274$ 156
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

payment assistance with the loan deferred as long as it is an owner -occupied dwelling. Interest and/or principal may be waived if certain terms are met by the borrower. The Down Payment Assistance loans receivable at June 30, 2024 was $923,657.

Villa Serena II Loan
On July 24, 2001, the former Rocklin Redevelopment Agency entered into an agreement with Stanford Arms, a California Limited Partnership, for a loan in the amount of $1,100,000. The loan has been used to assist with the construction of the Villa Serena affordable senior project known as Stanford Arms. The loan is at 3% simple interest and is to be repaid from residual receipts over a thirty-year period. The final payment date is dependent on residual receipts. The loan is secured by a deed of trust covering the property, improvements, and fixtures and by all deposits of the borrower. At June 30, 2024 , a balance of $ 377,964 was outstanding.

College Manor
On November 1, 2007, the former Rocklin Redevelopment Agency entered into an agreement with CAHA College Manor LP, a California Limited Partnership, for a loan in the amount of $650,000. The loan has been used to finance the acquisition and renovation of low -income apartments located at 4201 Racetrack Road. The loan is at 3% simple interest and is to be repaid from residual receipts over a fifty -five-year period. The final payment date is dependent on residual receipts. At June 30, 2024, a balance of $ 650,000 was outstanding.

Sunset Blvd
On June 24, 2008, the former Rocklin Redevelopment Agency authorized a loan in the amount of $575,000 to Sunset Street Housing Partners for an existing apartment complex located at 3655 Sunset Blvd. The loan provides for 3% simple interest for 30 years with payments to begin after the second anniversary of the loan document execution date and the final payment due December 22, 2038. Associated with this project, the former Rocklin Redevelopment Agency also approved Conduit Debt issuance in the maximum amount of $10,000,000 in multifamily revenue bonds by the California Statewide Communities Development Authority. At June 30, 2024, a balance of $575,000 was outstanding.

HPD Shannon Bay, LP
On September 9, 2008, the former Rocklin Redevelopment Agency authorized a housing rehabilitation loan in the amount of $500,000 with HPD Shannon Bay LP for a 50 -unit multi-family housing project referred to as the Shannon Bay Apartments. The loan provides for 3% simple interest for 30 years with a five-year period of interest only payments. The loan then converts to an amortizing loan during which time an annual payment of $25,296 will be paid and at the end of the loan term a balloon payment for the remaining balance becomes due and payable. The final payment is due January 11, 2040. Associated with this project, the former Rocklin Redevelopment Agency also approved Conduit Debt issuance in the maximum amount of $6,000,000 in multifamily revenue bonds by the California Statewide Communities Development Authority. At June 30, 2024, a balance of $415,212 was outstanding.

Placer West Housing Partners, LP
On December 8, 2009, the former Rocklin Redevelopment Agency authorized a housing rehabilitation loan in the amount of $500,000 with Placer West Housing Partners LP for a 44- unit affordable housing project located at 6055 Placer West Drive in Rocklin. The loan provides for 3% simple interest for 30 years with partial interest only payments in the amount of $2,000 to begin on the second anniversary of the loan document execution date of December 22, 2009. The final payment is due December 21, 2040. A balloon payment of the remaining unpaid balance of principal and interest shall be due at the conclusion of the loan term. At June 30, 2024 a balance of $311,470 was outstanding. 157
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024
Placer County Flood Control District
During the fiscal year ended June 30, 2018, the City authorized a $182,063 loan with the Placer County Flood Control District (the District) to help fund the Antelope Creek Flood Control Project, Upper Weir.

The District intended to fund the project through a combination of the Dry Creek Trust Fund and two Department of Water Resources Grants. The District will make future reimbursement payments to each participant totaling the amount of each participant’s ori ginal advance payment plus simple interest as determined by the Construction Cost Index (CCI). The City has a 13.42% share of the total project costs.

Reimbursement of advanced payment shall be made twice yearly when the Trust Fund has a balance of a t least $25,000 over the minimum balance of $50,000. The City estimates full repayment by June 30, 202 5.

At June 30, 2024, a balance of $13,225 was outstanding.

N
OTE 7 - CAPITAL ASSETS
C
apital assets consisted of the following as of June 30, 2024:

Dep
reciation expense was charged to the following functions in the statement of activities:

Governmental activities: Beginning Additions/ Reti rements Transfers Ending Nondepreciable Capital Assets:

Land 8,338,942$ -$ -$ -$
8,338,942$
Land Improvements 108,402 - - - 108,402
P
ark Land 61,097,079 - - -
61,097,079
Construction In Progress 12,116,112 8,477,890 - (4,178,236) 16,415,766
T
otal Nondepreciable Capital Assets 81,660,535 8,477,890 - (4,178,236) 85,960,189
D
epreciable/amortizable capital assets:

Subscription right of use assets 609,650 - - - 609,650 B
uildings 35,262,889 - (
51) 106,632 35,369,470
F
acilities & Other Improvements 7,417,667 - - 326,829 7,744,496 M
achinery & Equipment 3,438,750 518,921 - - 3,957,671
Fleet Machinery & Equipment 15,601,203 2,038,150 (36,178) - 17,603,175
P
ark Buildings 2,717,879 - - -
2,717,879
Park Equipment 1,629,694 - - -
1,629,694
Park Improvements 27,769,219 - -
1,153,324 28,922,543
Infrastructure 437,099,311 (2,909,592) 2,591,451 436,781,170 Total Depreciable/Amortizable 531,546,262 2,557,071 (2,945,821) 4,178,236 535,335,748 Total Capital Assets 613,206,797 11,034,961 (2,945,821) - 621,295,937
A
ccumulated Depreciation/Amortization:

Subscription right of use assets 6,519 6,520 - - 13,039 B
uildings 23,363,132 964,016 - -
24,327,148
Facilities & Other Improvements 4,476,369 322,365 - - 4,798,734
Machinery & Equipment 3,050,678 128,590 - - 3,179,268
Fleet Machinery & Equipment 9,537,628 1,033,923 (35,857) - 10,535,694
P
ark Buildings 916,236 90,596 - - 1,006,832
P
ark Equipment 1,605,309 24,385 - - 1,629,694
P
ark Improvements 19,444,411 985,236 - - 20,429,647
I
nfrastructure 209,959,458 11,075,483 (2,909,592) - 218,125,349 To
tal Accumulated Depreciation/Amort. 272,359,740 14,631,114 (2,945,449) - 284,045,405
T
otal Capital Assets - Net 340,847,057$ (3,596,153)$ (372)$ -$ 337,250,532$
5,864$
837,736
124,797
General Government
Public Safety
Parks and Recreation
Public Works 13,662,717
Total Depreciation/Amortization Expense 14,631,114$
158
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

NOTE 8 - NONCURRENT LIABILITIES

The City's noncurrent liabilities consisted of the following as of June 30, 2024:

The annual debt service requirements on general long-term debt is as follows:

2016 Rocklin Public Finance Authority Lease Revenue Bonds On October 4th, 2016, the Rocklin Public Financing Authority issued lease revenue bonds in the amount of $9,455,000, at a premium of $688,769, to defease the outstanding 2003 certificates of participation and finance the acquisition and construction of various capital improvement projects. The security for the bonds was the pledge of lease payment revenues received by the Authority under a lease agreement with the City.

These bonds were reported as City debt as required by GASB 62 and NCGA Statement 5. The term of the bonds was 25 years. Interest rates on the bonds range from 2% to 5%. Principal payments ranging from $245,000 to $525,000 are payable annually on November 1st and interest payments ranging from $7,875 to $180,973 are payable semi -annually on May 1 st and November 1 st, through November 1, 2040. The aggregate debt service savings was $15,000 from this refunding.

Due
Beginning Ending Wi thin One
Description Balance Additions Deletions Balance Year
Lease Revenue Bonds:
2016 Lease Revenue Bonds 7,380,000$ -$ 300,000$ 7,080,000$ 315,000$ Unamortized Premiums 495,913 - 27,550 468,363 - Subtotal Lease Revenue Bonds 7,875,913 - 327,550 7,548,363 315,000 Direct Borrowings:

Pacific Premier Bank Loan - RPFA Refunding 1,526,806 - 497,623 1,029,183 508,181 Sunset Whitney Recreation Area Note 516,934 - 516,934 - - Subtotal - Direct Borrowings 2,043,740 - 1,014,557 1,029,183 508,181 Subscription Liabilities 601,247 - 2,686 598,561 2,732 Claims Payable 2,472,627 689,479 350,820 2,811,286 161,176 Net Pension Liability 63,835,601 14,090,140 11,042,270 66,883,471 - Net OPEB Liability 4,617,846 11,724,314 12,215,827 4,126,333 - Compensated Absences 3,842,281 3,543,997 3,842,282 3,543,996 1,733,265 Total Noncurrent Liabilities 85,289,255$ 30,047,930$ 28,795,992$ 86,541,193$ 2,720,354$

Year Ending
June 30, Principal In terest Total Principal Interest Total 2025 315,000$ 214,475 529,475$ 508,181$ 17,052$ 525,233$ 2026 330,000 198,350 528,350 521,002 5,731 526,733 2027 345,000 183,200 528,200 - - - 2028 360,000 169,100 529,100 - - - 2029 375,000 158,150 533,150 - - - 2030-2034 2,005,000 650,126 2,655,126 - - - 2035-2039 2,320,000 332,700 2,652,700 - - - 2040-2044 1,030,000 31,199 1,061,199 - - - Total 7,080,000$ 1,937,300$ 9,017,300$ 1,029,183$ 22,783$ 1,051,966$ Lease Revenue Bonds Direct Borrowings
159
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Rocklin Public Finance Authority Pacific Premier Bank Loan On July 1, 2017, the City, on behalf of Community Facilities Districts (CFD) 6, 8 and 9, agreed to borrow from the Rocklin Public Financing Authority (Authority) an amount necessary to refund 1999 CFD special tax bonds and pledged the special tax revenues levied in each CFD to the Authority. In the 2017 Special Tax Revenue Refunding Loan Agreement, the Authority agreed to borrow from Pacific Premier Bank, the funds necessary to refund the 1999 CFD special tax bonds and in turn, refund the 2003 Authority bonds.

The loan is secured by a pledge of the revenues received by the Authority from the 2017 CFD loan payments.

Pacific Premier Bank has no remedy against the City if special taxpayers in the CFD's fail to make their payments. The loan was for $5,000,077 at a fixed interest rate of 2.2% and matures on September 1, 2025.

This loan was reported as City debt as required by GASB 62 and NCGA Statement 5. The refunding resulted in an economic gain of $1,989,923. The aggregate debt service of the Pacific Premier loan was $233,844 less than the debt service requirements, of the refunded debt, including cash prepayments during the refunding.

City of Rocklin Sunset Whitney Note
On December 18, 2017, the City entered into a note payable with Sunset Whitney, LLC to pay $3,000,000 as a part of a $5,800,000 purchase of golf course land. Principal and interest payments shall be made on the first of December each year and interest accrues at 2% of the outstanding principal balance per annum for six years beginning December 31, 2018. This note was fully paid during the year.

Subscription Based Information Technology Agreements
On July 1, 2021, the City entered into a 1,122 month subscription for the use of PDS Software. The initial subscription liability and right of use asset was $609,650. As of June 30, 2024, the value of the subscription liability was $598,561 and the right of use asset was $ 596,611, net of accumulated amortization totaling $13,039. The City is required to make annual fixed payments of $12,935. The subscription has an interest rate of 1.7047%. See Note 7 for more information regarding the changes in the subscription right of use assets. The following table summarizes the future payments for the subscription liability.

Claims Payable
The City has recorded a liability for potential claims in excess of amounts covered by the insurance pool.

At June 30, 2024, the City had a claims payable liability of $2,811,286. See Note 9 for further discussion on the City’s risk management activities.

Net Pension Liability
As a result of the implementation of GASB 68, the City has recorded a net pension liability for its CalPERS Miscellaneous, Fire and Police pension plans. At June 30, 2024, the City had a net pension liability of $66,883,471. See Note 11 for further discussion on the pension liability.

June 30, Principal Interest Total
2025 2,732$ 10,203$ 12,935$
2026 2,778 10,157 12,935
2027 2,825 10,110 12,935
2028 2,874 10,061 12,935
2029 2,943 9,992 12,935
Thereafter 584,409 570,512 1,154,921
Total 598,561$ 621,035$ 1,219,596$
160
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Net OPEB Liability
A net OPEB liability is the cumulative difference between annual OPEB cost and an employer’s contributions to a plan. At June 30, 2024, the City had a net OPEB obligation of $ 4,126,333. See Note 12 for further discussion on OPEB.

Compensated Absences
The City records compensated absences for all employee absences that are expected to be paid such as vacation and illness. Compensated absences had a balance of $3,543,996 at June 30, 2024; of that amount, $1,733,265 is expected to be paid within a year.

Arbitrage
The Tax Reform Act of 1986 instituted certain arbitrage restrictions with respect to the issuance of tax - exempt bonds after August 31, 1986. Arbitrage regulations deal with the investment of all tax-exempt bond proceeds at an interest yield greater than the interest yield to bondholders. Generally, all interest paid to bondholders can be retroactively rendered taxable if applicable rebates are not reported and paid to the Internal Revenue Service (IRS) at least every five years. The City performed calculations of excess investment earnings on various bonds and financings and at June 30, 2024 , there were no arbitrage liabilities.

NOTE 9 - NET POSITION/FUND BALANCE

Net Position
Net position consisted of the following as of June 30, 2024:

Restricted Unrestricted Total
Capital Assets - Net 337,250,532$ -$ -$ 337, 250,532$ Associated Long-term Debt (9,176,107) - - (9,176,107) Deferred Gain on Refunding (663,307) - - (663,307) Unspent Proceeds from Debt - - - - Fund Balance Restrictions - 37,086,019 - 37,086,019 Nonexpendable endowments - 491,455 - 491,455 Net Position - - 427,871,634 427,871,634 Net Investment in Capital Assets - - (327,411,118) (327,411,118) Restricted Net Position - - (37,577,474) (37,577,474) Total 327,411,118$ 37,577,474$ 62,883,042$ 427,871,634$ Net Investment
in Capital Assets
161
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Fund Balance
Fund balances consisted of the following at June 30, 2024:

Nonspendable Restricted Committed Unassigned To tal
Endowments 453,455$ -$ -$ -$ 453,455$ Wetlands Maintenance 38,000 17,946 - - 55,946 Debt Service - 1,105,196 - - 1,105,196 Low and Moderate Income Housing - 13,287,107 - - 13,287,107 SB325 Sales Tax - 5,424,024 - - 5,424,024 SB1 Road Maintenance & Rehab Act - 2,076,535 - - 2,076,535 Gas Tax - 1,606,641 - - 1,606,641 Lighting Districts - 1,510,395 - - 1,510,395 Community Facilities Districts - 6,251,089 - - 6,251,089 Housing Rehabilitation - 845,293 - - 845,293 Asset Forfeiture - 426,779 - - 426,779 CASp Certification and Training - 99,302 - - 99,302 Recreation Facilities Contributions - 2,263 - - 2,263 Costco Settlement - 3,755,224 - - 3,755,224 OPIOID Settlement - 8,559 - - 8,559 Traffic Circulation Impact Fees - 669,666 18,431,931 - 19,101,597 Capital Construction Tax - - 6,925,559 - 6,925,559 Oak Tree Mitigation Fees - - 494,542 - 494,542 North West Area Comm Park Fees - - 1,374,146 - 1,374,146 Public Facilities Impact Fees - - 1,445,696 - 1,445,696 Whitney Ranch Interchange Fee - - 1,691,791 - 1,691,791 Trails Impact Fees - - 37,197 - 37,197 Community Center Impact Fees - - 161,078 - 161,078 Park Development Capital Projects - - 482,090 - 482,090 General Fund:

Unassigned - - - 28,290,516 28,290,516 Building Repair Reserve - - 1,387,026 - 1,387,026 Operating Reserve - - 16,232,400 - 16,232,400 Park Infrastructure Reserve - - 424,100 - 424,100 Su
rplus Reserve - - 5,122,750 - 5,122,750 Reserve for Encumbrances - - 4,487,923 - 4,487,923 ARPA - - 2,336,115 - 2,336,115 Quarry Park Adventures - - 240,000 - 240,000 Economic Development - - 706,782 - 706,782 Technology Fee - - 807,385 - 807,385 Retiree's Health - - 1,391,028 - 1,391,028 QP Amphitheater Events - - - (7,532) (7,532) Long-term Receivables 38,905 - - - 38,905 Leases receivable 13,225 - - - 13,225 Traffic Safety/PD Grants - - - (31,806) (31,806) Streets Grants - - - (1,292,506) (1,292,506) Grants and Other Reimbursables - - - (139,151) (139,151) Community Parks Fund - - 560,037 - 560,037 Total 543,585$ 37,086,019$ 64,739,576$ 26,819,521$ 129,188,701$

162
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Nonspendable fund balances included the following as of June 30, 2024:

1. Endowments include principal corpus from which income will fund maintenance of Wetlands and Preserve Area maintenance and operations.

2. Long-term loans/notes receivable include noncurrent portions of loans and notes receivables.

3. Leases receivable include balances from long-term leases of City owned property to third parties, offset by amounts deferred over the term of the lease.

Restricted fund balances included the following as of June 30, 2024:

1. Wetlands Maintenance includes amounts other than the non-spendable endowment to be used on the maintenance of the wetlands on a parcel in Stanford Ranch Phase III.

2. Debt Service includes amounts used for debt service in the Rocklin Public Financing Authority debt service fund.

3. Low and Moderate Income Housing F und includes amounts used to increase the City’s supply of low and moderate income housing.

4. SB325 Sales Tax includes amounts to be used for repair and maintenance of City streets in accordance with Senate Bill 325.

5. SB1 Road Maintenance & Rehab Act includes amounts to be used for City road maintenance projects in accordance with Senate Bill 1, Chapter 5, Statutes of 2017.

6. Gas T ax includes amounts received and expended for construction and street maintenance purposes as defined in Sections 2105, 2106, 2107, and 2107.5 of the California Streets and Highways Code.

7. Lighting Districts includes amounts to be used to maintain and operate the City’s lighting districts.

8. Community Facilities D istricts include amounts to be used to maintain and operate the City’s community facilities districts.

9. Housing R ehabilitation includes amounts to be used for the City’s housing rehabilitation programs.

10. Asset Forfeiture includes amounts that are restricted to police activities.

11. CASp Certification and Training includes amounts to be used for Certified Access Specialist program training in accordance with Assembly Bill 1379.

12. Recreation Facilities Contributions include amounts set aside for recreation facilities construction and improvements.

13. Costco Settlement includes funds received according to the Settlement Agreement between Costco, the Town of Loomis, and the City of Rocklin, dated October 2022.

14. OPIOID Settlement includes funds received according to the Opioid Settlement Agreement and any amendments between California Cities and Counties with Pharmaceutical companies and Distributors dated July 21, 2021. All settlement funds will be used for opioid remediation, and a minimum of 70% of the settlement funds received are required to be used for future opioid remediation.

15. Traffic Circulation Impact Fees include long-term receivables related to street improvements needed to reduce the impact caused by new development within the City. 163
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

16. CDBG HUD Entitlement restricted fund balance includes amounts required to be spent on housing and urban development.

Committed fund balances included the following as of June 30, 2024:

1. General Fund:
a. Building Repair Reserves include amounts set aside for routine building maintenance and to support the expansion of existing City facilities to address workforce needs of city services.
b. Operating Reserve includes amounts set aside for operating expense contingencies. c. Park Infrastructure Reserve includes amounts set aside for routine park facilities maintenance and future park infrastructure projects.
d. Surplus Reserve includes surplus amounts set aside for operating expense contingencies. e. Reserve for Encumbrances includes amounts set aside for encumbrances, or open purchase orders, rolled forward to the following year.
f. ARPA committed fund balance includes amounts set aside f rom the ARPA revenue loss replacement grant.
g. Quarry Park Adventures includes amounts set aside for Adventure Park operations. h. Economic Development includes amounts set aside to promote economic development within the City.
i. Technology Fee includes a 6% fee assessed on certain program revenues to fund the cost of technology systems.
j. Retiree’s Health represent amounts set aside to fund future retiree health insurance premiums.

2. Traffic Circulation Impact Fees include amounts to be used for street improvements to reduce the impacts caused by new development within the City.

3. Capital Construction Tax includes amounts set aside for city construction projects.

4. Oak Tree Mitigation includes amounts set aside for oak tree preservation.

5. North West Rocklin Community Park Fee includes Impact Fees to be used for community parks in the North West Rocklin (Whitney Ranch) area.

6. Public Facilities Impact Fees include amounts to be used to fund expansion of public facilities to serve new development within the City.

7. Whitney Ranch Interchange Fee includes Impact Fees to be used to develop Highway 65 interchanges in the Whitney Ranch area.

8. Trails Impact Fees include amounts to be used for trail improvements to reduce the impact caused by new development within the City.

9. Community Center Impact Fees include amounts to be used for community center improvements and reduce the impact caused by new development within the City.

10. Park Development Capital Projects include amounts used for community park and city- wide recreational facilities improvements to reduce the impacts of increased use by new development within the City.

11. The Community Park Fees Capital Projects fund includes amounts to be used for community park projects from community park fees.
164
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

The following funds had deficit fund balances as of June 30, 2024:

1. The Traffic Safety/PD Grants fund had a deficit fund balance of $31,806 as of June 30, 2024, that is to be funded through deferred and unearned grants.

2. The Streets Grants fund had a deficit fund balance of $1,292,506 as of June 30, 2024 that is to be funded through deferred and unearned grants.

3. The Grants and Other Reimbursables fund had a deficit fund balance of $139,151 as of June 30, 2024 that is to be funded through deferred and unearned grants.

NOTE 10 - RISK MANAGEMENT

The City’s insurance coverage and the respective coverage providers are as follows:

The City is a member of the Northern California Cities Self Insurance Fund (NCCSIF) along with twenty- one other northern California cities. The NCCSIF is a joint powers authority (JPA) organized in accordance with Title 1, Division 7, Chapter 5, Article 1 of the California Government Code. The purpose is to create a common pool of funds to be used to meet obligations of the parties to provide workers’ compensation benefits for their employees and to provide excess liability insurance. The NCCSIF provides claims processing administrative services, risk management services, and actuarial studies.

A member from each city governs the NCCSIF. City Council members do not have significant oversight responsibility, since they evenly share all factors of responsibility with the other cities. The City does not retain the risk of loss. However, ultimate lia bility for payment of claims and insurance premiums resides with member cities. The NCCSIF is empowered to make supplemental assessments as needed to eliminate deficit positions of member cities. If the JPA becomes insolvent, the City is responsible only t o the extent of any deficiency in its equity balance.

The NCCSIF establishes claims liabilities based on estimates of the ultimate cost of claims (including future claims settlement expenses) that have been reported but not settled, plus estimates of claims that have been incurred but not reported. Because actual claims costs depend on various factors, the claims liabilities are recomputed periodically using a variety of actuarial and statistical techniques to produce current estimated claims that reflect recent settlements, claim frequency, and other economic and social factors. A provision of inflation is implicit in the calculation of estimated future claims costs. Adjustments to claims liabilities are charged or credited to expense in the periods in which they are made.

The City participates in excess insurance coverage provided by California joint powers authorities (JPAs), Amount Coverage Provider Payment Source
Liability Claim:
$0 - $50,000 Self-insured Banking layer
$50,001 - $1,250,000 NCCSIF Shared risk
$1,250,001 - $40,000,000 Excess coverage CJPRMA
Workers' Compensation:
$0 - $100,000 Self-insured Banking layer
$100,001 - $500,000 NCCSIF Shared risk
$500,001 - Statutory Excess coverage CSAC EIA
165
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

the California Joint Powers Risk Management Authority (CJPRMA) and the California State Association of Counties Excess Insurance Authority (CSAC EIA). These JPAs self -fund to $7,500,000 for Liability Insurance and $5,000,000 for Worker’s Compensation Insur ance and then purchase reinsurance over that amount to their various limits. The City is self -insured for employee dental and vision claims. There have been no significant reductions in insurance coverage from coverage in the prior fiscal year. Settlements have not exceeded the insurance coverage for the past three fiscal years.

The City’s equity investment in the NCCSIF of $ 4,044,341 is recorded in the Risk Management Internal Service Fund. The audited financial statements of the JPA are available at the NCCSIF’s office. The following is a summary of the claims liabilities for the last three fiscal years:

NOTE 11 - RETIREMENT PLANS

A. General Information about the Pension Plans

Plan Description
All qualified employees are eligible to participate in the City ’s Miscellaneous agent multiple employer - defined benefit pension plan or the Safety (Fire and Police) cost-sharing multiple employer-defined benefit pension plans (Plans) administered by the California Public Employees’ Retirement System (CalPERS).

Benefit provisions under the Plans are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions, and membership information that can be found on the CalPERS website.

Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members. Benefits are based on age at retirement, highest salary for either a one or three year period and years of credited service. The cost-of -living adjustments for the Plans are applied as specified by the California Public Employees’ Retirement Law. The Plans’ provisions and benefits in effect at June 30, 2024, are summarized as follows:

Year Ended Year Ended Year Ended
June 30, 2024 June 30, 2023 June 30, 2022
Claims payable, beginning of year 2,472,627$ 2,832,930$ 2,151, 862$ Fiscal year claims and changes in estimates 689,479 264,968 1,275,627 Claims payments (350,820) (625,271) (594,559) Claims payable, end of year 2,811,286$ 2,472,627$ 2,832,930$ Classic PEPRA Fire PEPRA Fire Police PEPRA Police
Hire date Before 1/1/2013 1/1/2013 Before 1/1/2013 1/1/2013 Before 1/1/2013 1/1/2013 Benefit formula 2% @ 55 2% @ 62 3% @ 50 2.7% @ 57 3% @ 50 2.7% @ 57 Benefit vesting schedule 5 Years 5 Years 5 Years 5 Years 5 Years 5 Years Benefit payments Monthly for Life Monthly for Life Monthly for Life Monthly for Life Monthly for Life Monthly for Life Retirement age 55 62 50 57 50 57
Monthly benefits as a %
of eligible compensation 2% 2% 3% 2.7% 3% 2.7%
Required employee cont. rates 7.55% 8.25% 8.99% 13.75% 8.99% 13.75% Required employer cont. rates 10.45% 8.25% 27.11% 13.54% 27.11% 13.54% Miscellaneous Safety
166
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Employees Covered
At June 30, 2024, the following employees were covered by the benefit terms for the Plans:

Contributions
Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers 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 the Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rates are the estimated amount necessary to finance the costs of benefits earned by employees d uring the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. For the year ended June 30, 2024, the City’s contributions were as follows:

Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions

Pension Liability
As of June 30, 2024, the City reported net pension liabilities for each plan as follows:

The following summarizes the changes in the total pension liability, fiduciary net position and net pension liability of the City’s Miscellaneous agent multiple employer plan:

Miscellaneous Safety
Active 141 98
Transferred 113 54
Separated 183 21
Retired 196 110
Total 633 283
Miscellaneous Safety
Employer contributions $ 3,184,093 $ 4,925,622 Net Pension
Liability
Miscellaneous $ 28,118,580
Safety - Proportionate 38,764,891
Total Net Pension Liability $ 66,883,471

Total Pension
Liability
Plan Fiduciary
Net Position
Net Pension
Liability (Asset)
Beginning Balance 109,150,926$ 80,290,205$ 28,860,721$ Service cost 2,147,141 - 2,147,141 Interest in Total Pension Liability 7,456,529 - 7,456,529 Difference between actual and expected experience 301,238 - 301,238 Employer contributions - 4,768,135 (4,768,135) Employee contributions - 1,081,416 (1,081,416) Net investment income - 4,977,682 (4,977,682) Benefit payments (5,162,471) (5,162,471) -
Administrative expenses - (59,042) 59,042 Net changes 4,863,579 5,605,720 (742,141) Ending Balance 114,014,505$ 85,895,925$ 28,118,580$ 167
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

The City’s net pension liability for the Fire and Police Safety plans are measured as the proportionate share of the net pension liability while the Miscellaneous plan’s net pension liability is a direct calculation based on its actuarial study and is not proportionate. The net pension liability of all the Plans are measured as of June 30, 2023, and the total pension liability for the Plans used to calculate the net pension liability was determined by an actuari al valuation as of June 30, 2022 rolled forward to June 30, 2023 using standard update procedures. The City’s proportion of the net pension liability for the Fire and Police Plans was based on a projection of the City’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined. The City ’s proportionate share of the net pension liability for the Fire and Police Plans as of the fiscal years ended June 30, 2023 and 2024 was as follows:

For the year ended June 30, 2024, the City recognized a pension expense of $11,112,957. The following summarizes the pension expense components by plan:

At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

The City reported $8,109,715 as deferred outflows of resources related to contributions subsequent to the measurement date that will be recognized as a reduction of the net pension liability in the year ended June 30, 2025.

Safety
June 30, 2023 0.3028%
June 30, 2024 0.3107%
Change in Proportions 0.0079%
Miscellaneous Safety Total
Pension expense per plans 3,390,852$ 4,597,351$ 7,988,203$ GASB 68 adjustments 2,144,826 3,317,931 5,462,757 Pension expense per government-wide statements 5,535,678$ 7,915,282$ 13,450,960$ Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
3,184,093 $ - $ 4,925,622$ - $
Changes in assumptions 719,995 - 2,262,371 - 180,743 58,850 2,846,058 243,653
- - 2,645,793 -

- -
201,221 1,712,841
3,902,059 - 5,304,965 -
7,986,890 $ 58,850 $ 18,186,030$ 1,956,494 $
Safety
the employer's proportionate share of contributions
Miscellaneous
Pension contributions subsequent to measurement date
Differences between expected and actual experiences
Net differences between projected and actual earnings
on plan investments
Total
Changes in proportions
Differences between the employer's contributions and
168
City of Rocklin
Notes to the Basic Financial Statements
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:

Actuarial Assumptions
The total pension liabilities in the June 30, 2022 actuarial valuations were determined using the following actuarial assumptions:

Discount Rate
The discount rate used to measure the total pension liability was 6.9 percent for the Plan. To determine whether the municipal bond rate should be used in the calculation of a discount rate for the Plan, CalPERS stress tested plans that would most likely result in a discount rate that would be different from the actuarially assumed discount rate. Based on the testing, none of the tested plans run out of assets. Therefore, the current

6.9 percent discount rate is adequate and the use of the municipal bond rate calculation is not necessary.

The long term expected discount rate of 6.9 percent will be applied to all plans in the Public Employees Retirement Fund (PERF). The stress test results are presented in a detailed report that can be obtained from the CalPERS website. The long-term expected rate of return on pension plan investment s was determined using a building-block method in which best -estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

CalPERS will continue to check the materiality of the difference in calculation until such time as they change their methodology. The long- term expected rate of return on pension plan investments was Fiscal Year Ending: Miscellaneous Safety
2025 1,492,253$ 3,998,375$
2026 496,502 2,728,366
2027 2,641,142 4,429,101
2028 114,050 148,072
2029 - -
Thereafter - -
Total 4,743,947$ 11,303,914$
Deferred Outflows/(Inflows) of Resources
Valuation Date June 30, 2022
Measurement Date June 30, 2023
Actuarial Cost Method Entry-Age Normal
Asset Valuation Method Market Value of Assets
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Projected Salary Increase (1)
Investment Rate of Return 6.9% (2)
Retirement Age (3)
Mortality (3)
(3) Derived using CalPERS' membership data for all funds (1) Varies by age and service
(2) Net of pension plan investment expenses, including inflation 169
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

determined using a building-block method in which best -estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are develo ped for each major asset class. In determining the long-term expected rate of return, CalPERS too k into account both short-term and long-term market return expectations as well as the expected pension fund cash flows. Using historical returns of all the funds’ asset classes, expected compound returns were calculated over the short- term (first 10 years) and the long-term (11-60 years) using a building-block approach. Using the expected nominal returns for both short -term and l ong-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculat ing the single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short -term and long- term returns. The expected rate of return was th en set equivalent to the single equivalent rate calculated above and rounded down to the nearest one quarter of one percent. The table below reflects the long -term expected real rate of return by asset class. The rate of return was calculated using the capital market assumptions applied to determine the discount ra te and asset allocation. These rates of return are net of administrative expenses.

C. Sensitivity of the Net Pension Liability to Changes in the Discount Rate

The following presents the City’s net pension liability for the Plans, calculated using the discount rate for the Plans, as well as what the City ’s 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:

Assumed Long-Term
Asset Expected Real
Asset Class (a) Allocation Return (1)(2)
Global Equity Cap Weighted 30.00% 4.54%
Global Equity NonCap Weighted 12.00% 3.84%
Private Equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed Securities 5.00% 0.50%
Investment Grade Corporates 10.00% 1.56%
High Yield 5.00% 2.27%
Emerging Market Debt 5.00% 2.48%
Private Debt 5.00% 3.57%
Real Assets 15.00% 3.21%
Leverage -5.00% -0.59%
Total 100.00%
(1) An expected inflation of 2.3% used for this period. (2) Figures are based on the 2021-22 Asset Liability Study.

Miscellaneous Safety
1% Decrease 5.90% 5.90%
Net Pension Liability 43,304,228$ 59,618,742$
Current Discount Rate 6.90% 6.90%
Net Pension Liability 28,118,580$ 38,764,891$
1% Increase 7.90% 7.90%
Net Pension Liability 15,569,966$ 21,715,383$
170
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Pension Plan Fiduciary Net Position
Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

NOTE 12 - OTHER POSTEMPLOYMENT BENEFITS PLAN (OPEB)

Plan Description
The City provides certain health care benefits for eligible retired employees through the California Public Employees’ Retirement System (CalPERS) under the Public Employees’ Medical and Hospital Care Act (PEMHCA). This is a single-employer defined-benefit postemployment healthcare benefits plan . Eligible retirees may enroll in any of the available CalPERS medical plans. CalPERS issues a separate annual comprehensive financial report that includes financial statements and required supplementary information.

Copies of the report may be obtained from the CalPERS website at www.calpers.ca.gov.

Commencing with fiscal year 2014, the City participates in the California Employers’ Retiree Benefit Trust (CERBT) Fund, which is administered by CalPERS. CERBT is a tax -qualified irrevocable trust organized under Internal Revenue Code Section 115 and esta blished to prefund retiree healthcare benefits. CERBT, an agent multiple -employer trust, issues a publicly available financial report including GASB Statement No. 74, Financial Reporting for Postemployment Benefits Plans Other Than Pension Plans, disclosur e information in aggregate with the other CERBT participating employers. That report can be obtained from the CalPERS Web site at www.calpers.ca.gov.

Benefits Provided
The City provides post-retirement benefits to eligible employees as follows:

Benefits Provided:

Eligibility:

Surviving Spouse:

Other:

City monthly cap:
2022 Misc $1,200
2022 Safety $1,200
Unrepresented/Hourly receive PEMHCA minimum ($133/month 2018), 1 Fire retiree receives higher existing benefit of $1,766/month, and 2 Police retiree receive the higher existing benefit of $1,377/month
Full-time employees retiring directly from City under CalPERS (age 50 and 5 years, or disability)
Miscellaneous PEPRA retirees age 52 and 5 years
Surviving spouse coverage based on retirement plan election Same benefit continues to surviving spouse
No City paid dental, vision, life, Medicare Part B
Previous medical benefits can be found in the back of the report 171
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Employees Covered by Benefit Terms

At June 30, 2024, the benefit terms covered the following employees:

Contributions
The City makes contributions, based on an actuarially determined rate, which are approved by the authority of City Council. Total contributions during the year were $ 2,474,828. Total contributions included in the measurement period were $ 2,287,229. The actuarially determined contribution for the fiscal year was $1,897,543. The City’s contributions were 9.35% of covered employee payroll during the fiscal year ended June 30, 2024. Employees are not required to contribute to the plan.

Actuarial Assumptions
The following summarizes the actuarial assumptions for the OPEB plan included in this fiscal year:

Active employees 203
Inactive employees 198
Total employees 401
Valuation Date: June 30, 2022
Measurement Date: June 30, 2022
Actuarial Cost Method:

Amortization Period: 10 years
Asset Valuation Method:

Actuarial Assumptions:

Discount Rate 6.25%
Inflation 2.50%
Payroll Increases 2.75%
Medical Trend
Investment Rate of Return
Mortality CalPERS 2000-2019 Experience Study
Retirement
Service Requirement
Investment gains and losses spread over 5-year rolling period Actives and Retirees currently covered: 100%
Actives currently waived: 80%
Retirees currently Waived: 10% elect at 65
Unrepresented & Hourly: 60%
Misc. Benefit 2%@55
Expected Retirement Age (ERA) 61.2
Safety Benefit 3%@50
ERA 54.7 (Fire) 54.2 (Police)
PEPRA Misc. Benefit 2%@62
ERA 63.1
PEPRA Safety Benefit 2.7%@57
ERA 56.7 (Fire) 55.5 (Police)

6.25%, Net of OPEB plan investment expenses, including inflation Entry-Age Normal, Level % of pay
Non-Medicare - 8.5% for 2024, decreasing to an ultimate rate of 3.45% in 2076 Medicare (Non-Kaiser) - 7.5% for 2024, decreasing to an ultimate rate of 3.45% in 2076 Medicare (Kaiser) - 6.25% for 2024, decreasing to an ultimate rate of 3.45% in 2076 172
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Discount Rate
The projection of cash flows used to determine the discount rate assumed that the City contribution will be made at rates equal to the actuarially determined contribution rates. Based on those assumptions, the OPEB plan's fiduciary net position was projected to cover all future OPEB payments. Therefore, the discount rate was set to be equal to the long-term expected rate of return which was applied to all periods of projected benefit payments to determine the total OPEB liability.

Long-Term Expected Rate of Return
The long-term expected rate of return on OPEB plan investments was determined using a building -block method in which expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

Net OPEB Liability
The City's net OPEB liability was measured as of June 30, 202 2 (measurement date), and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of June 30, 2022 (valuation date) for the fiscal year ended June 30, 2024 (reporting date). The following summarizes the changes in the net OPEB liability for the year ended June 30, 2024:

Asset Class
Percentage
of Portfolio
Long-Term Expected
Rate of Return
Global Equity 49.00% 4.56%
Fixed Income 23.00% 1.56%
TIPS 5.00% -0.08%
Commodities 3.00% 1.22%
REITs 20.00% 4.06%
Total 100.00%
Weighted Average Return 3.44%
Assumed Long-Term Rate of Inflation 2.50%

6.25%Expected Long-Term Net Rate of Return, Rounded
Fiscal Year Ended June 30, 2024
(Measurement Date June 30, 2022)
Total OPEB
Liability
Plan Fiduciary
Net Position
Net OPEB
Liability (Asset)
Balance at June 30, 2023 39,572,424$ 34,954,578$ 4,617,846$ Service cost 1,354,667 - 1,354,667 Interest in Total OPEB Liability (TOL) 2,674,222 - 2,674,222 Employer contributions - 2,287,229 (2,287,229) Actual investment income - 2,263,435 (2,263,435) Administrative expenses - (30,262) 30,262 Benefit payments (2,061,828) (2,061,828) -
Net changes 1,967,061 2,458,574 (491,513) Balance at June 30, 2024 41,539,485$ 37,413,152$ 4,126,333$ 173
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

As of June 30, 2024, the City had total assets of $ 1,391,028 in a City Retirees Health Fund. Cash in the Retirees Health Fund is transferred to CERBT periodically.

Deferred Inflows and Outflows of Resources
At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Of the total amount reported as deferred outflows of resources related to OPEB, $2,474,828 resulting from City contributions subsequent to the measurement date and before the end of the fiscal year will be included as a reduction of the net OPEB liability in the year ended June 30, 2025.

Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:

OPEB Expense

The following summarizes the OPEB expense by source during the year ended June 30, 2024:

Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Difference between actual and expected experience -$ 2,376,280$ Difference between actual and expected earnings 2,490,423 - Change in assumptions 935,633 -
OPEB contribution subsequent to measurement date 2,474,828 - Totals 5,900,884$ 2,376,280$
Year Ended June 30,
2025 327,277$
2026 56,603
2027 1,370,284
2028 (377,897)
2029 (326,491)
Thereafter -
Total 1,049,776$
Service cost 1,354,667$
Interest in TOL 2,674,222
Expected investment income (2,263,435)
Actuarial adjustments (214,203)
Difference between actual and expected experience (561,081) Difference between actual and expected earnings 578,430 Change in assumptions 322,562
Administrative expenses 30,262
OPEB Expense 1,921,424$
174
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

The following summarizes changes in the net OPEB liability as reconciled to OPEB expense during the year ended June 30, 2024:

Sensitivity to Changes in the Discount Rate

The net OPEB liability of the City , as well as what the City 's net OPEB liability would have been if calculated using a discount rate with one percentage point lower and one percentage point higher, is as follows:

Sensitivity to Changes in the Healthcare Cost Trend Rates

The net OPEB liability of the City, as well as what the City's net OPEB liability would have been if it were calculated using healthcare cost trend rates one percentage point lower and one percentage point higher than current healthcare cost trend rates, is as follows:

4,126,333$
(4,617,846)
(491,513)
Changes in deferred outflows 1,876,835
Changes in deferred inflows (1,525,726)
Employer contributions and implicit subsidy 2,061,828
OPEB Expense 1,921,424$
Net OPEB liability ending
Net OPEB liability beginning
Change in net OPEB liability
(1% Decrease ) 6.25% (1% Increase )
Net OPEB Liability (Asset) 8,433,121$ 4,126,333$ 532,620$ Discount Rate
(1% Decrease ) Current (1% Increase )
Net OPEB Liability (Asset) 1,982,992$ 4,126,333$ 6,076,430$ Trend Rate
175
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

NOTE 13 - COMMITMENTS AND CONTINGENCIES

A. Commitments

The City had the following significant unexpended contractual commitments as of June 30, 2024:

B. Lawsuits

The City is presently involved in certain matters of litigation that have arisen in the normal course of conducting City busines s. Based upon consultation with the City Attorney, these cases, in aggregate, are not expected to result in a material adverse financial impact on the City. Additionally, City management believes that the City's insurance programs are sufficient to cover any potential losses should an unfavorable outcome materialize.

C. Federal, State and County Grant Programs (Contingencies)

The City participates in a number of Federal, State and County programs that are fully or partially funded by grants received from other governmental units. Expenditures financed by grants are subject to audit by the appropriate grantor government. If expenditures are disallowed due to noncompliance with grantor Construction Inspection Services 675,000$ 449,806$ Lenslock Service and Cameras 615,781 246,312 SWRA Trails for CIP 828,830 147,946
SWRA Building Demolition 357,000 17,000
Whitney Park Phase II Asphalt Pump Track 67,300 47,785 City Hall Office Space Remodel 32,500 8,473 Pavement Rehabilitation 2,181,967 716,097
Annual Road Maintenance 1,450,003 597,174
Lonetree and Stanford Median Improvements 436,770 113,371 Five Star Blvd & Stanford Ranch Intersection 150,000 30,266 Five Star & Destiny Drive Reconstruction 1,388,998 678,867 Whitney Ranch Parkway Widening 400,000 291,937 Sunset Blvd Widening 200,000 143,718
Aguilar Road Improvements 722,747 363,834
Rocklin Road @ Pacific Street Roundabout 6,703,968 847,752 Stormwater Pipe Replacement 1,723,070 394,551 Mission Hills Phase II 973,182 124,553
Mission Hills Phase IV 1,643,677 1,034,904
I-80 Westbound Auxiliary Lane 2,675,000 2,417,755 Rocklin Road Sierra College Corridor 7,175,000 5,040,873 Sierra College Boulevard Widening 600,000 577,725 Monument Springs Bridge 1,710,994 1,534,932
Blue Oaks Pedestrian Crossing 800,000 679,892 Northwest Rocklin Annex Sewer 50,500 3,994 Totals 33,562,287$ 16,509,517$
Project Name
Original
Commitment
Commitment
Remaining
176
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

program regulations, the City may be required to reimburse the grantor government. As of June 30, 2024, some amounts of grant expenditures have not been audited, but the City believes that disallowed expenditures, if any, based on subsequent audits will not have a material effect on any individual governmental funds or the overall financial condition of the City.

NOTE 14 - SPECIAL TAX ASSESSMENT DISTRICTS

The Mello-Roos Community Facilities Act of 1982 (Mello-Roos Act) allows establishment of Community Facilities Districts (CFD). Under the Mello-Roos Act, special taxes are levied by CFDs to provide services such as police and fire protection, and to finance infrastructure improvements. The City of Rocklin has established CFDs that have issued bonds and levied taxes under the Mello-Roos Act. The City is not liable for repayment of these bonds and acts only as an agent for the property owners/bond holders in collecting and forwarding the special taxes. The assets held by the City on behalf of these districts and related liabilities are recorded in Custodial funds. Special taxes have also been levied under the Mello-Roos Act to pay for services provided by CFD’s No. 1, No. 5, and No. 6. The activities of these CFDs are accounted for in Special Revenue funds, which are presented in the City’s Basic Financial Statements.

The Landscaping and Lighting Act of 1972 (Lighting Act) allows local government agencies to form Landscape and Lighting Districts for the purpose of financing the costs and expenses of landscaping and lighting public areas. The City has formed two districts which levy special assessments under the Lighting Act: Lighting Maintenance District No.1 and Landscaping and Lighting Maintenance District No. 2. The activities of these districts are accounted for in Special Revenue funds and are included in the City’s Basic Financial Statements. The disclosures in Note 1 3 include those required by California Government Code section 50075.1.

The following table presents the balances of the various district bonds as of June 30, 2024:

Community Facilities District No. 1 Special Tax
Community Facilities District No. 1 was formed in 1986 to provide fire protection and suppression services and ambulance and paramedic services to various developments within the City of Rocklin. These services are provided by the City of Rocklin Fire Depa rtment. The cost for these services is born by the City and partially offset by the special tax levied on parcels within the district. As such, district expenditures are primarily a reimbursement to the City. For fiscal year 2024, revenues were $2,371,165 and reimbursement expenditures were $2,371,164. If expenditures exceed revenues in a fiscal year, the excess expenditures are paid with cash on hand. There were no active projects during the fiscal year.

Balance
Community Facilities District Bonds June 30, 2024
CFD No. 6 - Sunset West Drainage 154,311$
CFD No. 7 - Sunset West Interchange/Major St -
CFD No. 8 - Sunset West Park Drive 399,355
CFD No. 9 - Sunset West/Blue Oaks 475,517
CFD No. 10 - 2015 Whitney Ranch 18,975,000
CFD No. 10 - 2019 Whitney Ranch 15,580,000
CFD No. 10 - 2022 Whitney Ranch 13,605,000
CFD No. 11 - Sierra College Interchange 3,710,000
Total CFD Bonds 52,899,183$
177
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Community Facilities District No. 3 Bonds
Community Facilities District No. 3 was formed in 1990 to issue bonds for street related improvements and projects, such as the construction of roadways, storm drainage facilities, sanitary sewer facilities, water lines, and gas lines. The district’s impro vements and projects have been completed. For fiscal year 2024, revenues were $- with no expenditures. The primary source of revenues is special taxes and expenditures are for activities related to debt service. If expenditures exceed revenues in a fiscal year, the excess expenditures are paid with cash on hand.

Community Facilities District No. 5 Special Tax
Community Facilities District No. 5 was formed in 1996 to fund the operation and maintenance of street and parkway lights, streetscapes, open space, and parks in various developments within the City of Rocklin.

For fiscal year 2024, revenues were $7,125,230 and expenditures were $6,071,660. The primary source of revenues is special taxes and expenditures are for operating costs such as payroll, maintenance, professional services, and utilities. If expenditures exceed revenues in a fiscal year, the excess expenditures are paid with cash on hand. There were no active projects during the fiscal year.

Community Facilities District No. 6 Bonds
Community Facilities District No. 6 was formed in 1998 to issue bonds for installation, construction, and acquisition of drainage facilities and open space. The district’s improvements and projects have been completed. For fiscal year 2024, revenues were $ 96,090 and expenditures were $ 92,762. The primary source of revenues is special taxes and expenditures are for activities related to debt service. If expenditures exceed revenues in a fiscal year, the excess expenditures are paid with cash on hand.

Community Facilities District No. 6 Special Tax
A special tax has been levied to fund the operation and maintenance of the open space and storm drainage facilities of Community Facilities District No. 6. For fiscal year 2024, revenues were $ 373,618 and expenditures were $ 284,527. The primary source of revenue is special taxes and expenditures are for operating costs such as payroll, maintenance and professional services. If expenditures exceed revenues in a fiscal year, the excess expenditures are paid with cash on hand. There were no active projects during the fiscal year.

Community Facilities District No. 7 Bonds
Community Facilities District No. 7 was formed in 1997 to issue bonds for the construction and acquisition of a highway interchange and connectors to provide access between Blue Oaks Blvd. and Highway 65. The district’s improvements and projects have been completed. For fiscal year 2024, revenues were $1,624 and expenditures were $ -. The primary source of revenues is special taxes and expenditures are for activities related to debt service. If expenditures exceed revenues in a fiscal year, the excess expenditures are paid with cash on hand.

Community Facilities District No. 8 Bonds
Community Facilities District No. 8 was formed in 1998 to issue bonds for the construction, acquisition, and widening of portions of Park Dr. and Blue Oaks Blvd. and the installation of backbone utility infrastructure within the same area. The district’s improvements and projects have been completed. For fiscal year 2024, revenues were $229,656 and expenditures were $219,266. The primary source of revenues is special taxes and expenditures are for activities related to debt service. If expenditures exceed revenues in a fiscal year, the excess expenditures are paid with cash on hand.

Community Facilities District No. 9 Bonds
Community Facilities District No. 9 was formed in 1998 to issue bonds for the construction, acquisition, and widening of portions of Lone Tree, Blue Oaks, and West Oaks Boulevards and installation of traffic 178
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

control lights. The district’s improvements and projects have been completed. For fiscal year 2024, revenues were $266,733 and expenditures were $258,922. The primary source of revenues is special taxes and expenditures are for activities related to debt service. If expenditures exceed revenues in a fiscal year, the excess expenditures are paid with cash on hand.

Community Facilities District No. 10 Bonds
Community Facilities District No. 10 was formed in 2005 to issue bonds for the construction of transportation, wastewater system, drainage, and landscaping facilities and other public improvements for development within the Whitney Ranch District. During fiscal year 2016, $27.09 million in special tax bonds were issued to refund the original bonds and provide $5.85 million for additional improvements.

During fiscal year 2019, $17.828 million in special tax bonds were issued to finance the acquisition of public facilities. During fiscal year 2022 , $13.605 million in special tax bonds were issued to finance the acquisition of public facilities . For fiscal year 2024, revenues were $ 3,526,505 and expenditures were $3,179,631. The primary source of revenues is special taxes and expenditures are for activities related to debt service. If expenditures exceed revenues in a fiscal year, the excess expenditures are paid with cash on hand.

Community Facilities District No. 11 Bonds
Community Facilities District No. 11 was formed in 2006 to issue bonds for the construction of a new interchange on Interstate 80 at Sierra College Blvd. This project has been completed. For fiscal year 2024, revenues were $629,469 and expenditures were $572,499. The primary source of revenues is special taxes and expenditures are for activities related to debt service. If expenditures exceed revenues in a fiscal year, the excess expenditures are paid with cash on hand.

Lighting Maintenance District No. 1
Lighting Maintenance District No. 1 was formed in 1979 to provide maintenance of streetlights and safety lighting throughout various portions of the City of Rocklin. During the fiscal year, 1,632 streetlights, 20 traffic signals, 3 flashing lights, and safety lighting was maintained. For fiscal year 2024, revenues were $247,695 and expenditures were $ 247,695. The primary source of revenues is special assessments and expenditures are primarily for payroll, maintenance, professional services, and utilities. There were no active projects during the fiscal year.

Landscaping and Lighting Maintenance District No. 2
Landscaping and Lighting Maintenance District No. 2 was formed in 1996 to provide maintenance of streetlights, safety lighting, and roadway landscaping throughout various portions of the City of Rocklin.

During the fiscal year, 2, 924 streetlights, 52 traffic signals, and 154 irrigation controllers for roadway landscaping and safety lighting was maintained. For fiscal year 2024, revenues were $ 2,720,098 and expenditures were $2,768,650. The primary source of revenues is special assessments and expenditures are primarily for payroll, maintenance, professional services, and utilities.

Park Development and Maintenance Tax
The Park Development and Maintenance Tax was enacted in 1998 , reenacted in 2009, and reenacted in 2019, to provide development, installation, servicing, maintenance, repair and operation of parks in the City of Rocklin. From fiscal year 2010 through 2024, there have been no projects funded by the tax. The tax revenue has been primarily used for payroll, professional services and utilities in connection with park maintenance and operation.

179
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

The table below presents historical park tax revenues and related expenditures for the last five fiscal years.

Expenditures in excess of park tax revenues are paid from general fund.

NOTE 1 5 - SUCCESSOR AGENCY TRUST (FORMER ROCKLIN REDEVELOPMENT

AGENCY)

Pursuant to Assembly Bills 1X26 and 1484 (“the Bills”), all redevelopment agencies in the State of California were dissolved on February 1, 2012. The Bills authorized certain local agencies, such as a city or county, to become the Successor Agency. On January 1, 2012, the City Council elected to become the Successor Agency for the former Rocklin Redevelopment Agency. The Successor Agency is responsible for winding down the affairs of the former redevelopment agency, which include s making payments due for enforceable obligations and disposition of the assets of the former redevelopment agency. Examples of enforceable obligations include payments to contractors, bond debt service payments, and loan payments.

The Successor Agency has an oversight board that supervises its work. The Oversight Board is comprised of representatives of the local agencies that serve the redevelopment project areas within the County.

Successor agencies are only allocat ed revenue in the amount necessary to pay the enforceable obligations of the former redevelopment agency. The agency will only receive this revenue until all enforceable obligations have been paid in full and all assets have been liquidated. The assets and activities of the dissolved redevelopment agency are reported in a fiduciary fund (private purpose trust fund) in the financial statements of the City.

On December 10, 2013, by resolution, the City Council elected to assume responsibility for performing the housing functions of the former Rocklin Redevelopment Agency. All housing assets were transferred from the Successor Agency Housing Fund to the City of Rocklin. The housing assets previously accounted for as a private' purpose trust fund are now accounted for as a special revenue fund in the City's financial statements.

Revenue
Year Ended Park Tax Over (Under)
June 30, Revenue Expenditures Expenditures
2019 581,089$ 1,969,053$ (1,387,964)$ 2020 612,175 2,413,143 (1,800,968) 2021 627,285 2,466,342 (1,839,057) 2022 637,420 2,518,471 (1,881,051) 2023 653,165 2,740,169 (2,087,004) 2024 659,060 2,814,453 (2,155,393) Total 3,770,194$ 14,921,631$ (11,151,437)$ 180
City of Rocklin
Notes to the Basic Financial Statements
June 30, 2024

Successor Agency Noncurrent Liabilities

The following is a summary of changes in long-term liabilities for governmental activities for the year ended June 30, 2024:

2018 Tax Allocation Refunding Bonds
During fiscal year 2019 , the Successor Agency issued the Series 2018 Tax Allocation Bonds totaling $19,175,000, at a premium of $2,107,808, to defease and redeem all amounts under the 2002 Tax Allocation Bonds, 2005 Tax Allocation Bonds, and 2007 Tax Allocation Bonds. The bonds are secured by a pledge of, and lien on, and repaid from property tax revenues deposited with respect to the Project Area from time to time in the Redevelopment Property Tax Trust Fund established and held by the Placer County Auditor- Controller. If an event of default has occurred under the Indenture and is continuing, the Trustee may, or, if requested in writing by the owners of a majority in aggregate principal amount of the Bonds then outstanding, the Trustee shall, (a) declare the principal of the Bonds, together with the accrued interest thereon, to be due and payable immediately, and upon any such declaration the same shall become immediately due and payable, anything in the Indenture or in the Bonds to the contrary notwithstanding, and (b) the Trustee shall, subject to the provisions of the Indenture, exercise any other remedies available to the Trustee and the Bond Owners in law or at equity. The term of the bonds is 19 years. Interest rates on the bonds range from 3 % to 5%. Principal payments ranging from $630,000 to $1,470,000 are payable annually on September 1
st and interest payments ranging from $11,813 to $440,363 were payable semi - annually on March 1st and September 1st, through September 1, 2037. The aggregate debt service savings was $4,742,243 from this refunding and the loss on defeasance was $289,857.

The following summarizes the Successor Agency’s future debt service obligations:

Due
Beginning Ending Within One
Description Balance Additions Deletions Balance Year
General Long-Term Debt:
2018 Refunding Tax Allocation Bonds 16,100,000$ -$ 790,000$ 15,310,000$ 835,000$ Amortized Premium:
2018 Refunding Tax Allocation Bonds 1,580,856 - 105,390 1,475,466 105,390 Total Noncurrent Liabilities 17,680,856$ -$ 895,390$ 16,785,466$ 940,390$ June 30, Principal Interest Total
2025 835,000$ 698,850$ 1,533,850$ 2026 870,000 656,225 1,526,225 2027 915,000 611,600 1,526,600 2028 955,000 564,850 1,519,850 2029 1,010,000 515,725 1,525,725 2030-2034 5,850,000 1,749,126 7,599,126 2035-2039 4,875,000 331,587 5,206,587 Total 15,310,000$ 5,127,963$ 20,437,963$
181

REQUIRED SUPPLEMENTARY INFORMATION
182
City of Rocklin
Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (GAAP Basis)
General Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Taxes and assessments 49,928,900 $ 49,508,900 $ 51,827,365 $ 2,318,465 $ Licenses and permits 3,873,350 3,873,350 3,473,771 (399,579) Fines and forfeitures 141,600 141,600 184,117 42,517 Intergovernmental 618,200 618,200 868,230 250,030 Charges for services 2,592,200 2,592,200 2,915,689 323,489 Use of money and property 2,518,400 2,968,400 4,994,199 2,025,799 Contributions and donations 2,365,000 2,365,000 3,111,744 746,744 Other revenues 577,850 577,850 646,646 68,796 Total Revenues 62,615,500 62,645,500 68,021,761 5,376,261

EXPENDITURES
Current:

General governmen
t 15,494,800 18,245,776 15,357,333 2,888,443
Public safety 36,338,300 37,066,281 33,426,901 3,639,380 Public works 3,592,400 3,963,308 3,636,685 326,623 Parks and recreation 5,267,000 5,349,608 5,083,514 266,094 Community development 6,117,000 6,549,615 4,929,487 1,620,128 Capital outlay 2,451,100 9,731,015 3,684,277 6,046,738 Debt service:

Principal retirement - - 2,686 (2,686) Interest and fiscal charges - - 10,249 (10,249) Total Expenditures 69,260,600 80,905,603 66,131,132 14,774,471 Excess (Deficiency) of Revenues
over Expenditures (6,645,100) (18,260,103) 1,890,629 20,150,732

OTHER FINANCING SOURCES (USES)
Transfers in 7,828,300 7,878,300 5,918,712 (1,959,588) Transfers out (2,054,900) (2,659,450) (558,874) 2,100,576 Total Other Financin
g Sources (Uses) 5,773,400 5,218,850 5,359,838 140,988 Net Change in Fund Balances (871,700) (13,041,253) 7,250,467 20,291,720 Fund Balances Beginning 54,220,156 54,220,156 54,220,156 - Fund Balances Ending 53,348,456 $ 41,178,903 $ 61,470,623 $ 20,291,720 $ The City's legal budget authority is by the fund level. 183
City of Rocklin
Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (GAAP Basis)
SB325 Sales Tax
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Taxes and assessments 5,381,900$ 5,381,900$ 4,940,006$ (441,894)$ Intergovernmental 650,300 650,300 407,467 (242,833) Use of money and property 97,000 97,000 206,821 109,821 Total Revenues 6,129,200 6,129,200 5,554,294 (574,906)

EXPENDITURES
Current:

General government 30,000 30,000 118,248 (88,248) Public works 3,124,100 3,282,611 2,648,899 633,712 Community development 567,300 632,417 333,160 299,257 Capital outla
y 5,604,100 6,912,171 2,876,896 4,035,275 Total Expenditures 9,325,500 10,857,199 5,977,203 4,879,996 Excess (Deficiency) of Revenues
over Expenditures (3,196,300) (4,727,999) (422,909) 4,305,090

OTHER FINANCING SOURCES (USES)
Transfers in - - - - Transfers out (1,019,800) (1,019,800) (821,653) 198,147 Total Other Financing Sources (Uses) (1,019,800) (1,019,800) (821,653) 198,147 Net Change in Fund Balances (4,216,100) (5,747,799) (1,244,562) 4,503,237 Fund Balances Beginning 6,668,586 6,668,586 6,668,586 - Fund Balances Ending 2,452,486$ 920,787$ 5,424,024$ 4,503,237$ The City's legal budget authority is by the fund level. 184
City of Rocklin
Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (GAAP Basis)
Low and Moderate Income Housing Asset Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property 190,200 $ 190,200 $ 439,609 $ 249,409 $ Total Revenues 190,200 190,200 439,609 249,409

EXPENDITURES
Current:

General government 2,700,000 2,674,000 39,429 2,634,571 Public safety 2,500 2,500 - 2,500
Community developmen
t 105,000 150,129 113,485 36,644 Total Expenditures 2,807,500 2,826,629 152,914 2,673,715 Excess (Deficiency) of Revenues
over Expenditures (2,617,300) (2,636,429) 286,695 2,923,124

OTHER FINANCING SOURCES (USES)
Transfers in - - 3,200 3,200 Transfers out (150,000) (150,000) (143,706) 6,294 Total Other Financing Sources (Uses) (150,000) (150,000) (140,506) 9,494 Net Change in Fund Balances (2,767,300) (2,786,429) 146,189 2,932,618 Fund Balances Beginning 13,140,918 13,140,918 13,140,918 - Fund Balances Ending 10,373,618$ 10,354,489 $ 13,287,107 $ 2,932,618 $ The City's legal budget authority is by the fund level. 185
City of Rocklin
Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual (GAAP Basis)
Streets Grants
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Intergovernmental 5,470,500$ 7,023,020$ 2,169,331$ (4,853,689)$ Total Revenues 5,470,500 7,023,020 2,169,331 (4,853,689)

EXPENDITURES
Capital outla
y 5,470,500 7,023,018 2,569,719 4,453,299 Total Expenditures 5,470,500 7,023,018 2,569,719 4,453,299 Excess (Deficiency) of Revenues
over Expenditures - 2 (400,388) (400,390)

OTHER FINANCING SOURCES (USES)
Transfers in - - - - Transfers out - - - - Total Other Financing Sources (Uses) - - - - Net Change in Fund Balances - 2 (400,388) (400,390) Fund Balances Beginning (892,118) (892,118) (892,118) - Fund Balances Ending (892,118) $ (892,116) $ (1,292,506)$ (400,390) $ The City's legal budget authority is by the fund level. 186
Schedule of Pension Contr ibutions (GASB 68)
Miscellaneous Plan 2015 2016 2017 2018 2019
Contractually Required
Contributions (Actuarially Determined) 1,733,315$ 1,796,306$ 2,019,082$ 2,128,089$ 2,245,112$ Contributions in Relation to
Actuarially Determined Contributions 2,685,315 1,796,306 3,691,282 2,523,306 2,863,892 Contribution Deficiency (Excess) (952,000) - (1,672,200) (395,217) (618,780) Covered Employee Payroll 9,856,574$ 10,608,255$ 10,273,081$ 11,211,773$ 11,276,404$ Contributions as a
Percentage of Covered Payroll 27.24% 16.93% 35.93% 22.51% 25.40% Miscellaneous Plan 2020 2021 2022 2023 2024
Contractually Required
Contributions (Actuarially Determined) 2,525,776$ 2,743,889$ 3,090,721$ 3,196,535$ 3,184,093$ Contributions in Relation to
Actuarially Determined Contributions 2,915,971 6,432,032 3,090,721 4,768,135 3,184,093 Contribution Deficiency (Excess) (390,195) (3,688,143) - (1,571,600) - Covered Employee Payroll 11,546,463$ 11,597,699$ 11,404,973$ 11,558,710$ 11,882,354$ Contributions as a
Percentage of Covered Payroll 25.25% 55.46% 27.10% 41.25% 26.80% Safety Plan 2015 2016 2017 2018 2019
Contractually Required
Contributions (Actuarially Determined) 2,228,200$ 2,561,660$ 2,623,619$ 2,825,491$ 3,012,461$ Contributions in Relation to
Actuarially Determined Contributions 2,228,200 2,561,660 2,623,619 2,837,597 3,089,436 Contribution Deficiency (Excess) - - - (12,106) (76,975) Covered Employee Payroll 8,344,457$ 9,191,925$ 9,200,222$ 10,029,811$ 10,838,835$ Contributions as a
Percentage of Covered Payroll 26.70% 27.87% 28.52% 28.29% 28.50% Safety Plan 2020 2021 2022 2023 2024
Contractually Required
Contributions (Actuarially Determined) 3,501,382$ 3,990,103$ 4,280,173$ 4,786,119$ 4,925,622$ Contributions in Relation to
Actuarially Determined Contributions 3,501,382 4,143,874 4,280,173 4,786,119 4,925,622 Contribution Deficiency (Excess) - (153,771) - - - Covered Employee Payroll 11,354,811$ 11,888,369$ 11,720,404$ 13,126,407$ 12,803,337$ Contributions as a
Percentage of Covered Payroll 30.84% 34.86% 36.52% 36.46% 38.47% Notes to Schedule:

Valuation Date: June 30, 2022
Assumptions Used: Entry Age Method used for Actuarial Cost Method Level Percentage of Payroll and Direct Rate Smoothing

3.8 Years Remaining Amortization Period
Inflation Assumed at 2.3%
Investment Rate of Returns set at 6.9%
The CalPERS discount rate was increased from 7.5% to 7.65% in FY 2016, decreased from 7.15% in FY2018 and 6.9% in FY2023.

The CalPERS mortality assumptions were adjusted in fiscal year 2023.

City of Rocklin
June 30, 2024
The mortality table was developed based on CalPERS-specific data. The rates incorporate Generational Mortality to capture ongoing morality improvement using 80% of Scale MP 2020 published by the Society of Actuaries. For more details, please refer to the 2021 experience study report that can be found on the CalPERS website.
187
Schedule of Changes in Net Pension Liabilities, Net Pension Liabilities and Proportionate Shares (GASB 68) Miscellaneous Plan (Agent-Multi Employer) 2015 2016 2017 2018 2019 Total Pension liability
Service cost 1,502,398$ 1,453,844$ 1,558,565$ 1,668,040$ 1,838,731$ Interest 4,540,630 4,835,092 5,163,328 5,444,560 5,748,392 Changes of benefit terms - - - - - Diff. bet. expected and actual exper. - (1,262,496) - 4,723,245 (507,928) Changes of assumptions - 251,382 655,412 130,415 764,300 Benefit payments (2,184,035) (2,507,060) (2,905,028) (3,049,139) (3,360,693) Net change in Total Pension Liability 3,858,993 2,770,762 4,472,277 8,917,121 4,482,802 Total Pension Liability - beginning 60,882,549 64,741,542 67,512,304 71,984,581 80,901,702 Total Pension Liability - ending 64,741,542$ 67,512,304$ 71,984,581$ 80,901,702$ 85,384,504$ Plan fiduciary net position
Employer contributions 1,521,604$ 2,685,315$ 1,796,306$ 3,691,282$ 2,523,306$ Employee contributions 714,896 729,001 739,091 759,805 867,085 Net investment income 7,102,833 1,095,538 289,358 5,590,957 4,804,549 Benefit payments (2,184,035) (2,507,060) (2,905,028) (3,049,139) (3,360,693) Net plan to plan resource movement - 49 - - (141) Administrative expense - (56,265) (30,457) (73,620) (88,483) Other misc income (expense) - - - - (168,031) Net change in plan fiduciary net position 7,155,298 1,946,578 (110,730) 6,919,285 4,577,592 Plan fiduciary net position - beginning 40,872,391 48,027,689 49,974,267 49,863,537 56,782,822 Plan fiduciary net position - ending 48,027,689$ 49,974,267$ 49,863,537$ 56,782,822$ 61,360,414$ Net Pension Liability (NPL) 16,713,853$ 17,538,037$ 22,121,044$ 24,118,880$ 24,024,090$ Plan fiduciary net position as a
percentage of the total Pension liability 74.18% 74.02% 69.27% 70.19% 71.86% Covered payroll 9,826,020$ 9,856,574$ 10,608,255$ 10,273,081$ 11,211,773$ NPL as a percentage of covered payroll 170.10% 177.93% 208.53% 234.78% 214.28% Safety Plan (Cost Sharing) 2015 2016 2017 2018 2019
Proportion of Net Pension Liability 0.21478% 0.22348% 0.23212% 0.23783% 0.24676% Proportionate Share of Net Pension Liability 13,364,737$ 15,339,447$ 20,085,433$ 23,586,276$ 23,778,037$ Covered Payroll 8,397,700$ 8,344,457$ 9,191,925$ 9,200,222$ 10,029,811$ Proportionate Share of Net Pension
Liability as a % of Covered Payroll 159.15% 183.83% 218.51% 256.37% 237.07% Plan Fiduciary's Net Position as a
percentage of the Total Pension Liability 81.42% 80.28% 74.06% 73.31% 75.26% Continued
Notes to Schedule:

The CalPERS discount rate was increased from 7.5% to 7.65% in FY 2016, decreased from 7.15% in FY2018 and 6.9% in FY2023.

The CalPERS mortality assumptions was adjusted in fiscal year 2023.

City of Rocklin
June 30, 2024
188
Schedule of Changes in Net Pension Liabilities, Net Pension Liabilities and Proportionate Shares (GASB 68) Miscellaneous Plan (Agent-Multi Employer) 2020 2021 2022 2023 2024 Total Pension liability
Service cost 1,837,828$ 1,864,754$ 1,848,673$ 2,016,032$ 2,147,141$ Interest 6,162,322 6,546,678 6,862,818 7,137,937 7,456,529 Changes of benefit terms - - - - 121,142 Diff. bet. expected and actual exper. - - - (294,254) 301,238 Changes of assumptions 1,694,787 1,147,218 184,084 3,599,971 - Benefit payments (3,623,752) (3,946,715) (4,385,151) (4,886,808) (5,162,471) Net change in Total Pension Liability 6,071,185 5,611,935 4,510,424 7,572,878 4,863,579 Total Pension Liability - beginning 85,384,504 91,455,689 97,067,624 101,578,048 109,150,926 Total Pension Liability - ending 91,455,689$ 97,067,624$ 101,578,048$ 109,150,926$ 114,014,505$ Plan fiduciary net position
Employer contributions 2,863,892$ 2,915,971$ 6,432,032$ 3,090,721$ 4,768,135$ Employee contributions 974,104 991,487 986,233 1,056,241 1,081,416 Net investment income 4,033,001 3,289,827 16,024,892 (6,626,820) 4,977,682 Benefit payments (3,623,752) (3,946,715) (4,385,151) (4,886,808) (5,162,471) Net plan to plan resource movement - - - - - Administrative expense (43,788) (92,429) (68,649) (54,639) (59,042) Other misc income (expense) 141 - - - - Net change in plan fiduciary net position 4,203,598 3,158,141 18,989,357 (7,421,305) 5,605,720 Plan fiduciary net position - beginning 61,360,414 65,564,012 68,722,153 87,711,510 80,290,205 Plan fiduciary net position - ending 65,564,012$ 68,722,153$ 87,711,510$ 80,290,205$ 85,895,925$ Net Pension Liability (NPL) 25,891,677$ 28,345,471$ 13,866,538$ 28,860,721$ 28,118,580$ Plan fiduciary net position as a
percentage of the total Pension liability 71.69% 70.80% 86.35% 73.56% 75.34% Covered payroll 11,276,404$ 11,546,463$ 11,597,699$ 11,404,973$ 11,558,710$ NPL as a percentage of covered payroll 229.61% 245.49% 119.56% 253.05% 243.27% Safety Plan (Cost Sharing) 2020 2021 2022 2023 2024
Proportion of Net Pension Liability 0.25436% 0.26798% 0.27662% 0.27662% 0.31073% Proportionate Share of Net Pension Liability 26,063,854$ 29,157,726$ 14,960,301$ 14,960,301$ 38,764,891$ Covered Payroll 10,838,835$ 11,354,811$ 11,888,369$ 11,720,404$ 13,126,407$ Proportionate Share of Net Pension
Liability as a % of Covered Payroll 240.47% 256.79% 125.84% 127.64% 295.32% Plan Fiduciary's Net Position as a
percentage of the Total Pension Liability 75.26% 75.10% 88.29% 76.68% 76.21% Concluded
City of Rocklin
June 30, 2024
189
City of Rocklin
Retiree Health Benefits
Schedule of Contributions for Other Postemployment Benefits Fiscal Year Ended 2018 2019 2020 2021 2022 2023 2024
Actuarially determined contribution (ADC) 3,621,000$ 3,026,000$ 3,010,383$ 2,099,000$ 2,149,878$ 2,269,000$ 1,897,543$ Less: actual contribution in relation to ADC (2,122,778) (6,431,202) (9,666,208) (4,913,942) (2,167,712) (2,486,026) (2,474,828) Contribution deficiency (excess) 1,498,222$ (3,405,202)$ (6,655,825)$ (2,814,942)$ (17,835)$ (217,026)$ (577,285)$ Covered employee payroll 21,465,000$ 25,692,000$ 24,916,556$ 25,979,504$ 26,758,889$ 26,674,230$ 26,461,995$ Contrib. as a % of covered employee payroll 9.89% 25.03% 38.79% 18.91% 8.10% 9.32% 9.35% Notes to Schedule:

Assumptions and Methods
Valuation Date: June 30, 2022
Measurement Date: June 30, 2022
Actuarial Cost Method: Entry-Age Normal, Level % of pay Amortization Period: 10 years
Asset Valuation Method:

Actuarial Assumptions:

Discount Rate
Inflation
Salary Increases
Healthcare Trend Rate
Investment Rate of Return
Mortality
Retirement
Other Notes
Changes in benefit terms: change of Miscellaneous Monthly City Cap from $1,093 to $1,200 in FY18.

The following changes were made in FY23:
1) The discount rate was decreased .5%
2) Inflation was decreased .25%
3) Payroll growth was decreased .25%
Contributions were not based on a measure of pay.

Investment gains and losses spread over 5-
year rolling period

6.25%
June 30, 2024

6.25%, Net of OPEB plan investment expenses, including inflation CalPERS 2000-2019 Experience Study
Actives and Retirees currently covered: 100%
Actives currently waived: 80%
Retirees currently Waived: 10% elect at 65
Unrepresented & Hourly: 60%

2.50%

2.75%
Non-Medicare - 8.5% for 2024, decreasing to an ultimate rate of 3.45% in 2076 Medicare (Non-Kaiser) - 7.5% for 2024, decreasing to an ultimate rate of 3.45% in 2076 Medicare (Kaiser) - 6.25% for 2024, decreasing to an ultimate rate of 3.45% in 2076 GASB 75 requires a schedule of contributions for the last ten fiscal years, or for as many years as are available if less than ten years are available. GASB 75 was adopted as of June 30, 2018.

Changes of assumptions: mortality improvement scale was updated to Scale MP-2018; Medical Plan at Retirement; Dependent Participation in FY18. Mortality improvement scale was updated to Scale M P-2019 in FY19. Mortality improvement scale was updated to Scale M P-2021 in FY23.

Actuarially determined contribution rates are calculated as of Jun e 30, one year prior to the end of the fiscal year in which contributions are reported.
190
City of Rocklin
Retiree Health Benefits
Schedule of Changes in Net OPEB Liability
Fiscal Year Ended 2018 2019 2020 2021 2022 2023 2024
Total OPEB liability
Service cost 1,097,000$ 1,130,000$ 1,317,810$ 1,256,156$ 1,347,227$ 1,318,411$ 1,354,667$ Interest 2,054,000 2,162,000 2,362,150 2,434,371 2,561,898 2,602,649 2,674,222 Changes of benefit terms - 713,000 - - - - - Differences expected and actual experience - (458,000) (602,200) 1,053,296 - (3,709,136) - Changes of assumptions - 909,000 (84,459) (610,672) - 117,734 - Benefit payments (1,550,000) (1,617,000) (1,748,000) (1,975,408) (1,264,905) (2,162,422) (2,061,828) Actuarial adjustments - - - - - 806,924 - Net change in Total OPEB Liability 1,601,000 2,839,000 1,245,301 2,157,743 2,644,220 (1,025,840) 1,967,061 Total OPEB Liability - beginning 30,111,000 31,712,000 34,551,000 35,796,301 37,954,044 40,598,264 39,572,424 Total OPEB Liability - ending 31,712,000$ 34,551,000$ 35,796,301$ 37,954,044$ 40,598,264$ 39,572,424$ 41,539,485$ Plan fiduciary net position
Employer contributions 4,704,600$ 2,122,778$ 8,183,202$ 9,666,208$ 4,039,433$ 2,167,712$ 2,287,229$ Net investment income 836,000 983,000 933,060 508,197 8,266,821 (5,403,647) 2,263,435 Benefit payments (1,550,000) (1,617,000) (1,748,000) (1,975,408) (1,264,905) (2,162,422) (2,061,828) Administrative expense (4,000) (23,000) (7,159) (16,353) (16,958) (15,516) (30,262) Net change in plan fiduciary net position 3,986,600 1,465,778 7,361,103 8,182,644 11,024,391 (5,409,338) 2,458,574 Plan fiduciary net position - beginning 8,343,400 12,330,000 13,795,778 21,156,881 29,339,525 40,363,916 34,954,578 Plan fiduciary net position - ending 12,330,000$ 13,795,778$ 21,156,881$ 29,339,525$ 40,363,916$ 34,954,578$ 37,413,152$ Net OPEB liability (asset) 19,382,000$ 20,755,222 14,639,420 8,614,519 234,348 4,617,846 4,126,333 Plan fiduciary net position as a % of the
total OPEB liability 38.88% 39.93% 59.10% 77.30% 99.42% 88.33% 90.07% Covered Employee Payroll 21,865,000$ 21,465,000$ 25,692,000$ 24,916,556$ 25,979,504$ 25,960,321$ 25,753,766$ Net OPEB liability as a
percentage of covered employee payroll 88.64% 96.69% 56.98% 34.57% 0.90% 17.79% 16.02% Total OPEB liability as a
percentage of covered employee payroll 145.04% 160.96% 139.33% 152.32% 156.27% 152.43% 161.29% Other Notes
Changes in benefit terms: change of Miscellaneous Monthly City Cap from $1,093 to $1,200 in FY18.

The following changes were made in FY23:
1) The discount rate was decreased .5%
2) Inflation was decreased .25%
3) Payroll growth was decreased .25%
Contributions were not based on a measure of pay.

Contributions were not based on a measure of pay.

GASB 75 requires a schedule of contributions for the last ten fiscal years, or for as many years as are available if less than ten years are available. GASB 75 was adopted as of June 30, 2018.

Actuarially determined contribution rates are calculated as of Jun e 30, one year prior to the end of the fiscal year in which contributions are reported.

Changes of assumptions: mortality improvement scale was updated to Scale MP-2018; Medical Plan at Retirement; Dependent Participation in FY18. Mortality improvement scale was updated to Scale MP-2019 in FY19. Mortality improvement scale was updated to Scale MP-2021 in FY23.

June 30, 2024
Actuarially determined contribution rates are calculated as of Jun e 30, two years prior to the end of the fiscal year in which contributions are reported.
191

SUPPLEMENTARY INFORMATION
192
This page intentionally left blank
193
City of Rocklin
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
Total Total
Special Capital Total Debt
Revenue Projects Permanent Service
Funds Funds Funds Funds 2024 2023
ASSETS
Cash and investments 17,464,797$ 13,277,388 $ - $ 7,456$ 30,749,641$ 18,939,414 $ Restricted cash and investments 157,442 - 509,401 1,097,740 1,764,583 2,747,056 Receivables:

Taxes 738,485 - - - 738,485 545,667 Intergovernmental 373,868 - - - 373,868 687,607 Other receivables 150,219 - - - 150,219 1,449 Loans receivable 318,986 - - - 318,986 318,986 Total assets 19,203,797$ 13,277,388 $ 509,401 $ 1,105,196$ 34,095,782$ 23,240,179 $

LIABILITIES, FUND BALANCES AND

DEFERRED INFLOWS OF RESOURCES
Liabilities:

Accounts payable and
accrued liabilities 1,704,775$ 105,252$ - $ - $ 1,810,027$ 1,226,957$ Due to other funds 374,932 - - - 374,932 766,619 Unearned revenues 542,008 - - - 542,008 114,042 Total liabilities 2,621,715 105,252 - - 2,726,967 2,107,618

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 170,959 - - - 170,959 576,501 Fund Balances:

Nonspendable:

Endowments - - 491,455 - 491,455 491,455 Restricte
d 16,582,080 - 17,946 1,105,196 17,705,222 9,859,180 Committed - 13,172,136 - - 13,172,136 10,955,544 Unassigned (Deficit) (170,957) - - - (170,957) (750,119) Total fund balances 16,411,123 13,172,136 509,401 1,105,196 31,197,856 20,556,060 Total liabilities, fund balances and
deferred inflows of resources 19,203,797$ 13,277,388 $ 509,401 $ 1,105,196$ 34,095,782$ 23,240,179 $ Total Nonmajor
Governmental Funds
194
City of Rocklin
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
Total Total
Special Capital Total Debt
Revenue Projects Permanent Service
Funds Funds Funds Funds 2024 2023

REVENUES
Taxes and assessments 17,024,039$ 1,327,244$ - $ - $ 18,351,283$ 15,198,304$ License and permits 16,894 37,623 - - 54,517 129,796 Fines and forfeitures 86,155 - - - 86,155 146,969 Intergovernmental 1,732,462 - - - 1,732,462 948,885 Charges for services - 1,229,102 - - 1,229,102 606,080 Use of money and property 322,964 393,184 19,628 29,291 765,067 97,931 Contributions and donations - 792,565 - - 792,565 1,752,919 Total Revenues 19,352,657 3,779,718 19,628 29,291 23,181,294 18,880,884

EXPENDITURES
Current:

General governmen
t 267,951 - - 2,500 270,451 223,131 Public safety 292,220 2,626 - - 294,846 461,261 Public works 6,302,375 59,359 - - 6,361,734 7,714,930 Parks and recreation 2,600,689 62,627 - - 2,663,316 2,354,760 Community development 237,455 - - - 237,455 100,126 Capital outlay 1,238,250 288,063 - - 1,526,313 1,453,004 Debt service:

Principal - 516,934 - 797,623 1,314,557 1,326,650 Interest, fiscal charges and fees - 39,279 - 257,966 297,245 339,802 Total Expenditures 10,938,940 968,888 - 1,058,089 12,965,917 13,973,664 Excess (Deficiency) of
Revenues over Expenditures 8,413,717 2,810,830 19,628 (1,028,798) 10,215,377 4,907,220

OTHER FINANCING SOURCES (USES)
Transfers in 17,229 500,000 - 531,610 1,048,839 535,195 Transfers out (4,770,702) (566,717) (18,706) - (5,356,125) (4,796,632) Total Other Financin
g
Sources (Uses) (4,753,473) (66,717) (18,706) 531,610 (4,307,286) (4,261,437) Net Change in Fund Balances 3,660,244 2,744,113 922 (497,188) 5,908,091 645,783 Fund Balances Beginning 12,750,879 10,428,023 508,479 1,602,384 25,289,765 19,910,277 Fund Balances Ending 16,411,123 $ 13,172,136 $ 509,401 $ 1,105,196 $ 31,197,856 $ 20,556,060 $ Total Nonmajor
Governmental Funds
195
Fund Title Fund Description
Gas Tax Accounts for funds received and expended for construction and street maintenance purposes as defined in Sections 2105, 2106, 2107, and 2107.5 of the California Streets and Highways Code.

SB325 Sales Tax Accounts for sales tax revenue collected in accordance with Senate Bill 325 to be used for repair and maintenance of streets.

SB1 Road Maintenance and Rehab. Act Accounts for funds received and expended for City road maintenance projects in accordance with Senate Bill 1, Chapter 5, Statutes of 2017.

Low Carbon Transit Operations Program Fund To provide assistance for transit agencies to reduce greenhouse gas emission and improve mobility.

Recreation Facilities Contributions Accounts for revenues received for recreation facilities construction and improvements.

Lighting Maintenance District No. 1 Accounts for funds received to maintain and operate the respective lighting district.

Landscaping and Lighting Maintenance District No. 2 Accounts for funds received to maintain and operate the respective landscaping and lighting district.

Park Development and Maintenance Tax Fund Enacted in 1998, and reenacted in 2009, to provide development, installation, servicing, maintenance, repair and operation of parks in the City of Rocklin.

Community Facilities District No. 1 Accounts for revenues to be used for respective community facilities district's operations for fire protection services.

Community Facilities District No. 5 Accounts for revenues to be used for respective community facilities district’s operations and maintenance.

Community Facilities District No. 6 Accounts for revenues to be used for respective community facilities district’s operations and maintenance.

Housing Rehabilitation Accounts for funds received for the City’s housing rehabilitation programs.

Asset Forfeiture Accounts for funds received on forfeited assets to be used for Police services.

Traffic Safety/PD Grants Accounts for funds received for traffic safety programs and police grants.

CASp Certification and Training Fund Assembly Bill 1379, effective January 1, 2018, increased the SB1186 fee charged to all business licenses to increase to $4 and required the fee to be deposited into its own fund. The City retains 90% for Certified Access Specialist program training, and remits 10% to the State.

CDBG HUD Entitlement Accounts for entitlement grants and expenditures from CDBG federal awards.

DOF CARES Act Accounts for funds received from the Federal Coronavirus Aid, Relief, and Economic Security Act through the Department of Finance to be used to respond to or mitigate COVID-19.

Grants and Other Reimbursables Accounts for grants and other reimbursable costs.

Supplemental Law Enforcement Grant Accounts for funds received to be used for public safety purposes.

Costco Settlement Funds are to be used in accordance with the Settlement Agreement between Costco, Town of Loomis, and City of Rocklin, dated October 2022.

OPIOID Settlement Funds are for opioid remediation as allowed by Section VI(B)(2) of the Opioid Settlement Agreement and amendments between California cities and counties with Janssen Pharmaceuticals and its parent company Johnson & Johnson, and its distributors, dated July 21, 2021.

NONMAJOR SPECIAL REVENUE FUNDS
196
City of Rocklin
Combining Balance Sheet
Special Revenue Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
SB1
Road Recreation
Gas Maintenance Facilities
Tax & Rehab. Ac t Contributions
ASSETS
Cash and investment
s 1,467,033$ 2,396,727 $ 2,263 $
Restricted cash and investments - - - Receivables:

Taxes 169,108 320,622 - Intergovernmental - - - Other receivables - - - Prepaid items - - - Loans receivable - - - Total assets 1,636,141$ 2,717,349$ 2,263$

LIABILITIES, FUND BALANCES AND

DEFERRED INFLOWS OF RESOURCES
Liabilities:

Accounts payable and accrued liabilities 29,500$ 640,814$ -$ Due to other funds - - - Unearned revenues - - - Total liabilities 29,500 640,814 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - - - Fund Balances:

Restricted 1,606,641 2,076,535 2,263 Unassigned (Deficit) - - - Total fund balances 1,606,641 2,076,535 2,263 Total liabilities, fund balances and
deferred inflows of resources 1,636,141$ 2,717,349$ 2,263$ Continued
197
City of Rocklin
Combining Balance Sheet
Special Revenue Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Cash and investments
Restricted cash and investments
Receivables:

Taxes
Intergovernmental
Other receivables
Prepaid items
Loans receivable
Total assets

LIABILITIES, FUND BALANCES AND

DEFERRED INFLOWS OF RESOURCES
Liabilities:

Accounts payable and accrued liabilities
Due to other funds
Unearned revenues
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue
Fund Balances:

Restricted
Unassigned (Deficit)
Total fund balances
Total liabilities, fund balances and
deferred inflows of resources
Landscaping
Lighting and Lighting
Maintenance Maintenance
District No. 1 District No. 2
26,545$ 1,570,147$ -$
- - -
8,493 132,482 32,953 - - -
- 1,340 -
- - -
- - -
35,038$ 1,703,969$ 32,953$
35,038$ 192,234$ -$
- - 32,953 - 1,340 -
35,038 193,574 32,953 - - -
- 1,510,395 -
- - -
- 1,510,395 -
35,038$ 1,703,969$ 32,953$
Continued
Park Development
and Maintenance
Tax Fund
198
City of Rocklin
Combining Balance Sheet
Special Revenue Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Cash and investments
Restricted cash and investments
Receivables:

Taxes
Intergovernmental
Other receivables
Prepaid items
Loans receivable
Total assets

LIABILITIES, FUND BALANCES AND

DEFERRED INFLOWS OF RESOURCES
Liabilities:

Accounts payable and accrued liabilities
Due to other funds
Unearned revenues
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue
Fund Balances:

Restricted
Unassigned (Deficit)
Total fund balances
Total liabilities, fund balances and
deferred inflows of resources

Community Community Community
Facilities Facilities Facilities
District No. 1 District No. 5 District No. 6
-$ 6,367,224$ 410,310$ - - -
21,284 50,246 3,297 - - -
- 1,330 -
- - -
- - -
21,284$ 6,418,800$ 413,607$
-$ 560,703$ 20,615$ 21,284 - -
- - -
21,284 560,703 20,615 - - -
- 5,858,097 392,992 - - -
- 5,858,097 392,992 21,284$ 6,418,800$ 413,607$
Continued
199
City of Rocklin
Combining Balance Sheet
Special Revenue Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Cash and investments
Restricted cash and investments
Receivables:

Taxes
Intergovernmental
Other receivables
Prepaid items
Loans receivable
Total assets

LIABILITIES, FUND BALANCES AND

DEFERRED INFLOWS OF RESOURCES
Liabilities:

Accounts payable and accrued liabilities
Due to other funds
Unearned revenues
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue
Fund Balances:

Restricted
Unassigned (Deficit)
Total fund balances
Total liabilities, fund balances and
deferred inflows of resources

Traffic
Housing Asse t Safety/PD
Rehabilitation Forfeiture Grants
368,865$ 598,558$ -$
157,442 - -
- - -
- - 263,958 - 4,978 21,540
- - -
318,986 - -
845,293$ 603,536$ 285,498$
-$ 176,757$ 7,795$
- - 261,660 - - 16,041 - 176,757 285,496 - - 31,808 845,293 426,779 -
- - (31,806) 845,293 426,779 (31,806) 845,293$ 603,536$ 285,498$
Continued
200
City of Rocklin
Combining Balance Sheet
Special Revenue Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Cash and investments
Restricted cash and investments
Receivables:

Taxes
Intergovernmental
Other receivables
Prepaid items
Loans receivable
Total assets

LIABILITIES, FUND BALANCES AND

DEFERRED INFLOWS OF RESOURCES
Liabilities:

Accounts payable and accrued liabilities
Due to other funds
Unearned revenues
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue
Fund Balances:

Restricted
Unassigned (Deficit)
Total fund balances
Total liabilities, fund balances and
deferred inflows of resources

CDBG DOF

HUD CARES
Entitlement Act
100,006$ - $ - $
- - -
- - -
- 81,629 10,161 - - -
- - -
- - -
100,006$ 81,629 $ 10,161 $ 704$ 22,594$ 10,161 $ - 59,035 -
- - -
704 81,629 10,161 - - -
99,302 - -
- - -
99,302 - -
100,006$ 81,629 $ 10,161 $ Continued
CASp Certification
and Training Fund
201
City of Rocklin
Combining Balance Sheet
Special Revenue Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Cash and investments
Restricted cash and investments
Receivables:

Taxes
Intergovernmental
Other receivables
Prepaid items
Loans receivable
Total assets

LIABILITIES, FUND BALANCES AND

DEFERRED INFLOWS OF RESOURCES
Liabilities:

Accounts payable and accrued liabilities
Due to other funds
Unearned revenues
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue
Fund Balances:

Restricted
Unassigned (Deficit)
Total fund balances
Total liabilities, fund balances and
deferred inflows of resources
Supplemental
Grants & La w
Other Enforcement Costco
Reimbursables Gran t Settlement
329,245$ - $ 3,755,224$ - - -
- - -
18,120 - -
121,031 - -
- - -
- - -
468,396$ - $ 3,755,224$ 7,860$ - $ - $
- - -
460,536 - -
468,396 - -
139,151 - -
- - 3,755,224 (139,151) - -
(139,151) - 3,755,224 468,396$ - $ 3,755,224$ Continued
202
City of Rocklin
Combining Balance Sheet
Special Revenue Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Cash and investments
Restricted cash and investments
Receivables:

Taxes
Intergovernmental
Other receivables
Prepaid items
Loans receivable
Total assets

LIABILITIES, FUND BALANCES AND

DEFERRED INFLOWS OF RESOURCES
Liabilities:

Accounts payable and accrued liabilities
Due to other funds
Unearned revenues
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue
Fund Balances:

Restricted
Unassigned (Deficit)
Total fund balances
Total liabilities, fund balances and
deferred inflows of resources

OPIOID
Settlement 2024 2023
72,650$ 17,464,797$ 14,571,770$ - 157,442 156,556 - 738,485 718,763 - 373,868 1,079,787 - 150,219 1,449 - - 578 - 318,986 318,986 72,650$ 19,203,797$ 16,847,889$ -$ 1,704,775$ 2,662,083$ - 374,932 575,092 64,091 542,008 277,964 64,091 2,621,715 3,515,139 - 170,959 581,871 8,559 16,582,080 13,332,748 - (170,957) (581,869) 8,559 16,411,123 12,750,879 72,650$ 19,203,797$ 16,847,889$ Concluded
Total Special Revenue
Nonmajor Governmental Funds
203
City of Rocklin
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
SB1
Road Recreation
Gas Maintenance Facilities
Tax & Rehab. Ac t Contributions

REVENUES
Taxes and assessments 1,957,028$ 1,839,713$ -$ Licenses and permits - - - Fines and forfeitures - - - Intergovernmental - - - Use of money and propert
y 38,414 55,411 78 Other revenues - - - Total Revenues 1,995,442 1,895,124 78

EXPENDITURES
Current:

General governmen
t 35,136 - - Public safety - - - Public works 665,406 - - Parks and recreation - - - Community development 88,753 - - Capital outlay 151,617 684,173 - Total Expenditures 940,912 684,173 - Excess (Deficiency) of Revenues over Expenditures 1,054,530 1,210,951 78

OTHER FINANCING SOURCES (USES)
Settlements and recoveries - - - Transfers in - - - Transfers out (136,705) - - Total Other Financing Sources (Uses) (136,705) - - Net Change in Fund Balances 917,825 1,210,951 78 Fund Balances Beginning 688,816 865,584 2,185 Fund Balances Ending 1,606,641 $ 2,076,535 $ 2,263 $ Continued
204
City of Rocklin
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

REVENUES
Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and propert
y
Other revenues
Total Revenues

EXPENDITURES
Current:

General governmen
t
Public safety
Public works
Parks and recreation
Community developmen
t
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Landscaping
Lighting and Lighting
Maintenance Maintenance
District No. 1 District No. 2
247,697$ 2,670,515$ 659,060$
- - -
- - -
- 3,120 -
- 46,463 -
- - -
247,697 2,720,098 659,060
2,518 59,329 -
- - -
245,179 2,351,749 -
- - 6,591 - 22,685 -
- - -
247,697 2,433,763 6,591
- 286,335 652,469 - - -
- - -
- (334,887) (652,469) - (334,887) (652,469) - (48,552) -
- 1,558,947 -
-$ 1,510,395$ -$
Continued
Park Development
and Maintenance
Tax Fund
205
City of Rocklin
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

REVENUES
Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and propert
y
Other revenues
Total Revenues

EXPENDITURES
Current:

General governmen
t
Public safety
Public works
Parks and recreation
Community developmen
t
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending

Community Community Community
Facilities Facilities Facilities
District No. 1 District No. 5 District No. 6
2,371,164$ 6,915,789$ 363,073$
- - -
- - -
- 30,817 -
- 162,516 10,548 - - -
2,371,164 7,109,122 373,621
- 157,039 11,522 23,657 - -
- 2,522,381 227,166 - 2,594,098 -
- 34,019 11,336
- - -
23,657 5,307,537 250,024 2,347,507 1,801,585 123,597
- - -
- 16,106 -
(2,347,507) (764,123) (34,503) (2,347,507) (748,017) (34,503) - 1,053,568 89,094 - 4,804,529 303,898 -$ 5,858,097$ 392,992$ Continued
206
City of Rocklin
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

REVENUES
Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and propert
y
Other revenues
Total Revenues

EXPENDITURES
Current:

General governmen
t
Public safety
Public works
Parks and recreation
Community developmen
t
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending

Traffic
Housing Asse t Safety/PD
Rehabilitation Forfeiture Grants
-$ -$ -$
- - -
- 86,155 -
- - 476,121 1,686 628 -
- - -
1,686 86,783 476,121 - - 564 - 85,372 147,915 - - -
- - -
- - -
- - 248,504 - 85,372 396,983 1,686 1,411 79,138 - - -
- - 1,123 - - (543) - - 580 1,686 1,411 79,718 843,607 425,368 (111,524) 845,293$ 426,779$ (31,806)$ Continued
207
City of Rocklin
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

REVENUES
Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and propert
y
Other revenues
Total Revenues

EXPENDITURES
Current:

General governmen
t
Public safety
Public works
Parks and recreation
Community developmen
t
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending

CDBG DOF

HUD CARES
Entitlement Act
-$ - $ - $
16,894 - -
- - -
- 297,229 40,080 - - -
- - -
16,894 297,229 40,080 843 1,000 -
- - -
- 196,612 -
- - -
- 40,582 40,080 - - -
843 238,194 40,080 16,051 59,035 -
- - -
- - -
- (59,035) -
- (59,035) -
16,051 - -
83,251 - -
99,302$ -$ -$
Continued
CASp Certification
and Training Fund
208
City of Rocklin
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

REVENUES
Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and propert
y
Other revenues
Total Revenues

EXPENDITURES
Current:

General governmen
t
Public safety
Public works
Parks and recreation
Community developmen
t
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Supplemental
Grants & La w
Other Enforcement Costco
Reimbursables Gran t Settlement
-$ - $ - $
- - -
- - -
679,062 206,033 -
- - -
- - -
679,062 206,033 -
- - -
35,276 - -
93,882 - -
- - -
- - -
153,956 - -
283,114 - -
395,948 206,033 -
- - -
- - -
(64,754) (206,033) -
(64,754) (206,033) -
331,194 - -
(470,345) - 3,755,224 (139,151)$ -$ 3,755,224$ Continued
209
City of Rocklin
Statement of Revenues, Expenditures, and
Changes in Fund Balances
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

REVENUES
Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and propert
y
Other revenues
Total Revenues

EXPENDITURES
Current:

General governmen
t
Public safety
Public works
Parks and recreation
Community developmen
t
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
OPIOD
Settlement 2024 2023
-$ 17,024,039$ 16,413,785$ - 16,894 16,851 - 86,155 101,111 - 1,732,462 1,258,537 7,220 322,964 129,372
170,143 170,143 -
177,363 19,352,657 17,919,656 - 267,951 222,655 - 292,220 405,651 - 6,302,375 6,655,207 - 2,600,689 2,344,954 - 237,455 381,263 - 1,238,250 1,502,286 - 10,938,940 11,512,016 177,363 8,413,717 6,407,640 - - 3,755,224 - 17,229 19,914 (170,143) (4,770,702) (4,607,403) (170,143) (4,753,473) (832,265) 7,220 3,660,244 5,575,375 1,339 12,750,879 7,175,504 8,559$ 16,411,123$ 12,750,879$ Concluded
Total Special Revenue
Nonmajor Governmental Funds
210
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES

Taxes and assessments 2,053,400 $ 2,053,400 $ 1,957,028$ (96,372)$ Licenses and permits - - - - Fines and forfeitures - - - - Intergovernmental - - - - Use of money and property 16,900 16,900 38,414 21,514 Other revenues - - - - Total Revenues 2,070,300 2,070,300 1,995,442 (74,858)

EXPENDITURES
Current:

General government 55,400 55,400 35,136 20,264 Public safety - - - - Public works 694,400 694,400 665,406 28,994 Parks and recreation - - - - Community development 98,400 98,400 88,753 9,647 Capital outlay 12,700 359,889 151,617 208,272 Total Expenditures 860,900 1,208,089 940,912 267,177 Excess (Deficiency) of Revenues over Expenditures 1,209,400 862,211 1,054,530 192,319

OTHER FINANCING SOURCES (USES)
Settlements and recoveries - - - - Transfers in - - - - Transfers out (137,900) (137,900) (136,705) 1,195 Total Other Financing Sources (Uses) (137,900) (137,900) (136,705) 1,195

Net Change in Fund Balances 1,071,500 724,311 917,825 193,514 Fund Balances Beginning 688,816 688,816 688,816 - Fund Balances Ending 1,760,316$ 1,413,127$ 1,606,641$ 193,514$ Continued
Budgeted Amounts
Gas Tax
211
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending

Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

1,771,500$ 1,771,500 $ 1,839,713$ 68,213$
- - - - - - - - - - - - 27,800 27,800 55,411 27,611 - - - - 1,799,300 1,799,300 1,895,124 95,824
- - - - - - - - - - - - - - - - - - - - 702,800 792,531 684,173 108,358 702,800 792,531 684,173 108,358 1,096,500 1,006,769 1,210,951 204,182 - - - - - - - - (26,800) (26,800) - 26,800 (26,800) (26,800) - 26,800 1,069,700 979,969 1,210,951
230,982
865,584 865,584 865,584 -
1,935,284$ 1,845,553$ 2,076,535$ 230,982$
Continued
Budgeted Amounts
SB1 Road Maintenance & Rehab. Act
212
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ - $ - $ - - - - - - - - - - - - - - 78 78 - - - - - - 78 78 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 78 78 - - - - - - - - - - - - - - - - - - 78 78 2,185 2,185 2,185 - 2,185$ 2,185$ 2,263$ 78$ Continued
Budgeted Amounts
Recreation Facilities Contributions
213
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

252,400$ 252,400 $ 247,697$ (4,703)$ - - - - - - - - - - - - - - - - - - - - 252,400 252,400 247,697 (4,703) 18,400 18,400 2,518 15,882 - - - - 231,800 231,800 245,179 (13,379) - - - - - - - - - 2,600 - 2,600 250,200 252,800 247,697 5,103 2,200 (400) - 400 - - - - - - - - (2,200) (2,200) - 2,200 (2,200) (2,200) - 2,200 - (2,600) - 2,600 - - - - - $ (2,600)$ - $ 2,600$ Continued
Lighting Maintenance District No. 1
Budgeted Amounts
214
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

2,684,700$ 2,684,700 $ 2,670,515$ (14,185)$ - - - - - - - - - - 3,120 3,120 32,900 32,900 46,463 13,563 - - - - 2,717,600 2,717,600 2,720,098 2,498
56,300 56,300 59,329 (3,029) - - - - 2,400,300 2,400,300 2,351,749 48,551
- - - - 33,500 33,500 22,685 10,815
25,300 54,500 - 54,500 2,515,400 2,544,600 2,433,763 110,837 202,200 173,000 286,335 113,335 - - - - - - - - (316,100) (316,100) (334,887) (18,787) (316,100) (316,100) (334,887) (18,787) (113,900) (143,100) (48,552) 94,548 1,558,947 1,558,947
1,558,947 -
1,445,047$ 1,415,847$ 1,510,395$ 94,548$
Continued
Landscaping and Lighting Maintenance District No. 2
Budgeted Amounts
215
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

653,200$ 653,200 $ 659,060$ 5,860$ - - - - - - - - - - - - - - - - - - - - 653,200 653,200 659,060 5,860 - - - - - - - - - - - - 6,500 6,500 6,591 (91) - - - - - - - - 6,500 6,500 6,591 (91) 646,700 646,700 652,469 5,769 - - - - - - - - (646,700) (646,700) (652,469) (5,769) (646,700) (646,700) (652,469) (5,769) - - - - - - - - - $ - $ - $ - $ Continued
Budgeted Amounts
Park Development and Maintenance Tax Fund
216
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

2,284,300$ 2,284,300 $ 2,371,164$ 86,864$
- - - - - - - - - - - - - - - - - - - - 2,284,300 2,284,300 2,371,164 86,864
- - - - 22,800 22,800 23,657 (857) - - - - - - - - - - - - - - - - 22,800 22,800 23,657 (857) 2,261,500 2,261,500 2,347,507 86,007
- - - - - - - - (2,261,500) (2,261,500) (2,347,507) (86,007) (2,261,500) (2,261,500) (2,347,507) (86,007) - - - - - - - - - $ - $ - $ - $ Continued
Budgeted Amounts
Community Facilities District No. 1
217
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

6,997,700$ 6,997,700 $ 6,915,789$ (81,911)$ - - - - - - - - - - 30,817 30,817 139,500 139,500 162,516 23,016 - - - - 7,137,200 7,137,200 7,109,122 (28,078) 145,100 145,100 157,039 (11,939) - - - - 2,537,300 2,537,300 2,522,381 14,919
2,646,300 2,646,300 2,594,098 52,202
50,500 50,500 34,019 16,481
118,400 213,100 - 213,100 5,497,600 5,592,300 5,307,537 284,763 1,639,600 1,544,900 1,801,585 256,685 - - - - 11,500 11,500 16,106 4,606 (725,100) (725,100) (764,123) (39,023) (713,600) (713,600) (748,017) (34,417) 926,000 831,300 1,053,568 222,268 4,804,529 4,804,529
4,804,529 -
5,730,529$ 5,635,829$ 5,858,097$ 222,268$
Continued
Budgeted Amounts
Community Facilities District No. 5
218
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

351,800$ 351,800 $ 363,073$ 11,273$ - - - - - - - - - - - - 6,200 6,200 10,548 4,348 - - - - 358,000 358,000 373,621 15,621 12,000 12,000 11,522 478 - - - - 310,500 310,500 227,166 83,334 - - - - 16,800 16,800 11,336 5,464
- 3,800 - 3,800 339,300 343,100 250,024 93,076 18,700 14,900 123,597 108,697 - - - - - - - - (42,900) (42,900) (34,503) 8,397 (42,900) (42,900) (34,503) 8,397 (24,200) (28,000) 89,094 117,094 303,898 303,898
303,898 -
279,698$ 275,898$ 392,992$ 117,094$ Continued
Budgeted Amounts
Community Facilities District No. 6
219
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ - $ - $ - - - - - - - - - - - - - - 1,686 1,686 - - - - - - 1,686 1,686 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1,686 1,686 - - - - - - - - - - - - - - - - - - 1,686 1,686 843,607 843,607 843,607 -
843,607$ 843,607$ 845,293$ 1,686$
Continued
Housing Rehabilitation
Budgeted Amounts
220
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ - $ - $ - - - - 100,000 100,000 86,155 (13,845) - - - - 16,700 16,700 628 (16,072) - - - - 116,700 116,700 86,783 (29,917) - - - - 50,000 85,875 85,372 503 - - - - - - - - - - - - - - - - 50,000 85,875 85,372 503 66,700 30,825 1,411 (29,414) - - - - - - - - - - - - - - - - 66,700 30,825 1,411 (29,414) 425,368 425,368 425,368 -
492,068$ 456,193$ 426,779$ (29,414)$ Continued
Asset Forfeiture
Budgeted Amounts
221
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ - $ - $ - - - - - - - - 142,300 633,110 476,121 (156,989) - - - - - - - - 142,300 633,110 476,121 (156,989) - - 564 (564) 186,700 356,360 147,915 208,445 - - - - - - - - - - - - - 321,150 248,504 72,646 186,700 677,510 396,983 280,527 (44,400) (44,400) 79,138 123,538 - - - - 44,400 44,400 1,123 (43,277)
- - (543) (543) 44,400 44,400 580 (43,820) - - 79,718 79,718 (111,524) (111,524)
(111,524) -
(111,524)$ (111,524)$ (31,806)$ 79,718$ Continued
Traffic Safety/PD Grants
Budgeted Amounts
222
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ - $ - $ - - 16,894 16,894 - - - - - - - - - - - - - - - - - - 16,894 16,894 - - 843 (843) - - - - - - - - - - - - - - - - - - - - - - 843 (843) - - 16,051 16,051 - - - - - - - - - - - - - - - - - - 16,051 16,051 83,251 83,251 83,251 - 83,251$ 83,251$ 99,302$ 16,051$ Continued
CASp Certification and Training Fund
Budgeted Amounts
223
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ - $ - $ - - - - - - - - 300,100 302,570 297,229 (5,341) - - - - - - - - 300,100 302,570 297,229 (5,341) 1,000 1,000 1,000 - - - - - 195,100 197,570 196,612 958
- - - - 45,000 45,000 40,582 4,418 - - - - 241,100 243,570 238,194 5,376 59,000 59,000 59,035 35 - - - - - - - - (59,000) (59,000) (59,035) (35) (59,000) (59,000) (59,035) (35) - - - - - - - - - $ - $ - $ - $ Continued
Budgeted Amounts
CDBG HUD Entitlement
224
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ - $ - $ - - - - - - - - - 67,210 40,080 (27,130) - - - - - - - - - 67,210 40,080 (27,130) - - - - - - - - - - - - - - - - - 67,214 40,080 27,134 - - - - - 67,214 40,080 27,134 - (4) - 4 - - - - - - - - - - - - - - - - - (4) - 4 - - - - - $ (4)$ - $ 4$ Continued
DOF CARES Act
Budgeted Amounts
225
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ - $ - $ - - - - - - - - 60,300 702,017 679,062 (22,955) - - - - - - - - 60,300 702,017 679,062 (22,955) - - - - - 70,237 35,276 34,961
- 82,400 93,882 (11,482)
- - - - - - - - - 489,080 153,956 335,124
- 641,717 283,114 358,603 60,300 60,300 395,948 335,648 - - - - - - - - (60,300) (60,300) (64,754) (4,454) (60,300) (60,300) (64,754) (4,454) - - 331,194 331,194 (470,345) (470,345)
(470,345) -
(470,345)$ (470,345)$ (139,151)$ 331,194$ Continued
Budgeted Amounts
Grants & Other Reimbursable
226
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ - $ - $ - - - - - - - - 189,300 189,300 206,033 16,733 - - - - - - - - 189,300 189,300 206,033 16,733 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 189,300 189,300 206,033 16,733 - - - - - - - - (189,300) (189,300) (206,033) (16,733) (189,300) (189,300) (206,033) (16,733) - - - - - - - - - $ - $ - $ - $ Budgeted Amounts
Supplemental Law Enforcement Grant
227
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ -$ - $ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,755,224 3,755,224 3,755,224 -
3,755,224$ 3,755,224$ 3,755,224$ - $
Costco Settlement
Budgeted Amounts
228
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Special Revenue Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Fines and forfeitures
Intergovernmental
Use of money and property
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Settlements and recoveries
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

- $ - $ - $ - $ - - - - - - - - - - - - - - 7,220 7,220 - - 170,143 170,143 - - 177,363 177,363 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 177,363 177,363 - - - - - - - - - - (170,143) (170,143) - - (170,143) (170,143) - - 7,220 7,220 1,339 1,339 1,339 - 1,339$ 1,339$ 8,559$ 7,220$ Concluded
OPIOID Settlement
Budgeted Amounts
229
Fund Title Fund Description
Park Development Fees Accounts for funds expended on City park projects and improvements.

Community Park Fees Accounts for funds collected and expended for City park land and improvements.

Capital Construction Tax Accounts for the capital construction tax that is used for the expansion of facilities to serve new developments within the City.

Oak Tree Mitigation Fees Accounts for funds collected for Oak Tree preservation activities including land acquisition and oak tree planting, acquisition, and maintenance.

Whitney Ranch Trunk Sewer Project Accounts for impact fees to fund the sewer trunk line upgrade.

North West Rocklin Community Park Fees Developers in the North West Rocklin area are required to pay impact fees, which can only be used to fund community parks in the North West Rocklin area (Whitney Ranch Park).

Public Facilities Impact Fees This fund accounts for impact fees used to fund expansion of public facilities to serve new development within the City.

Rocklin Public Financing Authority Capital Projects Accounts for Rocklin Public Financing Authority capital projects funded by bond proceeds.

Trails Impact Fees This fund accounts for impact fees used to construct additional trails to reduce the impacts caused by new development within the City.

Community Center Impact Fees This fund accounts for impact fees used for new or additions to existing community recreation center facilities.

Whitney Ranch Interchange Fees This fund accounts for impact fees used to develop Highway 65 interchanges in the Whitney Ranch area.

NONMAJOR CAPITAL PROJECTS FUNDS
230
City of Rocklin
Combining Balance Sheet
Capital Projects Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
Park Community Capital Oak Tree
Development Park Construction Mitigation
Fees Fees Tax Fees
ASSETS
Cash and investments 482,090$ 560,037 6,928,185$ 541,213$ Total assets 482,090$ 560,037$ 6,928,185$ 541,213$

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable and accrued liabilities -$ -$ 2,626$ 46,671$ Due to other funds - - - - Total liabilities - - 2,626 46,671 Fund Balances:

Committed 482,090 560,037 6,925,559 494,542 Unassigned (Deficit) - - - - Total fund balances 482,090 560,037 6,925,559 494,542 Total liabilities and fund balances 482,090$ 560,037$ 6,928,185$ 541,213$ Continued
231
City of Rocklin
Combining Balance Sheet
Capital Projects Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Cash and investments
Total assets

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable and accrued liabilities
Due to other funds
Total liabilities
Fund Balances:

Committed
Unassigned (Deficit)
Total fund balances
Total liabilities and fund balances
Whitney
Ranch Trunk
Sewer
Project
-$ 1,375,381$ 1,445,696$ 37,197$ -$ 1,375,381$ 1,445,696$ 37,197$ -$ 1,235$ -$ -$ - - - - - 1,235 - - - 1,374,146 1,445,696 37,197 - - - - - 1,374,146 1,445,696 37,197 -$ 1,375,381$ 1,445,696$ 37,197$ Continued
North West
Rocklin
Community Park
Fees
Public Facilities
Impact Fees
Trail
Impact Fees
232
City of Rocklin
Combining Balance Sheet
Capital Projects Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Cash and investments
Total assets

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable and accrued liabilities
Due to other funds
Total liabilities
Fund Balances:

Committed
Unassigned (Deficit)
Total fund balances
Total liabilities and fund balances

2024 2023
161,078$ 1,746,511$ 13,277,388$ 10,569,355$ 161,078$ 1,746,511$ 13,277,388$ 10,569,355$ -$ 54,720$ 105,252$ 10,686$ - - - 130,646 - 54,720 105,252 141,332 161,078 1,691,791 13,172,136 10,558,669 - - - (130,646) 161,078 1,691,791 13,172,136 10,428,023 161,078$ 1,746,511$ 13,277,388$ 10,569,355$ Concluded
Total Capital Projects
Nonmajor Governmental FundsWhitney Ranch
Interchange
Fees
Community
Center Impact
Fees
233
City of Rocklin
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
Park Community Capital Oak Tree
Development Park Construction Mitigation
Fees Fees Tax Fees

REVENUES
Taxes and assessments 18,335$ 813,928$ -$ 494,981$ Licenses and permits - - - - Charges for services - - - - Use of money and property 21,349 2,239 222,212 8,655 Contributions and donations - - 792,565 - Total Revenues 39,684 816,167 1,014,777 503,636

EXPENDITURES
Current:

Public safety - - 2,626 - Public works - - - 59,359 Parks and recreation - - - 62,627 Capital outlay - - 130,686 - Debt service:

Principal 393,904 123,030 - - Interest and fiscal charges 7,857 2,454 - - Total Ex
penditures 401,761 125,484 133,312 121,986 Excess (Deficiency) of Revenues over Expenditures (362,077) 690,683 881,465 381,650

OTHER FINANCING SOURCES (USES)
Transfers in - - 500,000 - Transfers out - - (531,610) (16,420) Total Other Financing Sources (Uses) - - (31,610) (16,420) Net Change in Fund Balances (362,077) 690,683 849,855 365,230 Fund Balances Beginning 844,167 (130,646) 6,075,704 129,312 Fund Balances Ending 482,090 $ 560,037 $ 6,925,559 $ 494,542 $ Continued
234
City of Rocklin
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

REVENUES
Taxes and assessments
Licenses and permits
Charges for services
Use of money and propert
y
Contributions and donations
Total Revenues

EXPENDITURES
Current:

Public safety
Public works
Parks and recreation
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Ex
penditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financin
g Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Whitney
Ranch Trunk
Sewer
Project
-$ - $ - $ - $ 37,623 - - - - 423,109 382,685 35,897 - 38,281 41,327 447 - - - - 37,623 461,390 424,012 36,344 - - - - - - - - - - - - - 49,314 - -
- - - - 28,968 - - -
28,968 49,314 - - 8,655 412,076 424,012 36,344 - - - - (8,655) (2,727) - - (8,655) (2,727) - - - 409,349 424,012 36,344 - 964,797 1,021,684 853 -$ 1,374,146$ 1,445,696 $ 37,197 $ Continued
North West
Rocklin
Community Park
Fees
Public Facilities
Impact Fees
Trail
Impact Fees
235
City of Rocklin
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

REVENUES
Taxes and assessments
Licenses and permits
Charges for services
Use of money and propert
y
Contributions and donations
Total Revenues

EXPENDITURES
Current:

Public safety
Public works
Parks and recreation
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Ex
penditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financin
g Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending

2024 2023
-$ - $ 1,327,244$ 506,231 $ - - 37,623 18,760 155,451 231,960 1,229,102 113,022
1,924 56,750 393,184 191,649
- - 792,565 883,895 157,375 288,710 3,779,718 1,713,557 - - 2,626 - - - 59,359 1,495,465 - - 62,627 67,299 - 108,063 288,063 64,003 - - 516,934 515,009 - - 39,279 39,371 - 108,063 968,888 2,181,147 157,375 180,647 2,810,830 (467,590) - - 500,000 1,098,000 - (7,305) (566,717) (984,312) - (7,305) (66,717) 113,688 157,375 173,342 2,744,113 (353,902) 3,703 1,518,449 10,428,023 10,781,925 161,078$ 1,691,791 $ 13,172,136 $ 10,428,023 $ Concluded
Total Capital Projects
Nonmajor Governmental Funds
Whitney Ranch
Interchange Fees
Community
Center Impact
Fees
236
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES

Taxes and assessments 801,900 $ 801,900 $ 18,335 $ (783,565)$ Licenses and permits - - - - Intergovernmental revenues - - - - Charges for services - - - - Use of money and property 33,900 33,900 21,349 (12,551) Contributions and donations - - - - Other revenues - - - - Total Revenues 835,800 835,800 39,684 (796,116)

EXPENDITURES
Current:

General government - - - - Public safety - - - - Public works - - - - Parks and recreation - - - - Community development - - - - Capital outlay - - - - Debt service:

Principal 393,900 393,900 393,904 (4) Interest and fiscal charges 7,900 7,900 7,857 43 Total Expenditures 401,800 401,800 401,761 39 Excess (Deficiency) of Revenues over Expenditures 434,000 434,000 (362,077) (796,077)

OTHER FINANCING SOURCES (USES)
Transfers in - -
- -
Transfers out - - - - Total Other Financing Sources (Uses) - - - - Net Change in Fund Balances 434,000 434,000 (362,077) (796,077) Fund Balances Beginning 844,167 844,167 844,167 - Fund Balances Ending 1,278,167$ 1,278,167$ 482,090$ (796,077)$ Continued
Budgeted Amounts
Park Development Fees
237
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Intergovernmental revenues
Charges for services
Use of money and property
Contributions and donations
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

677,900$ 677,900 $ 813,928 $ 136,028 $ - - - - - - - - - - - - 3,100 3,100 2,239 (861)
- - - - - - - - 681,000 681,000 816,167 135,167 - - - - - - - - - - - - - - - - - - - - - - - -

123,000 123,000 123,030 (30) 2,500 2,500 2,454 46 125,500 125,500 125,484 16 555,500 555,500 690,683 135,183 - - - - - - - - - - - - 555,500 555,500 690,683 135,183 (130,646) (130,646) (130,646) - 424,854$ 424,854$ 560,037$ 135,183$ Continued
Budgeted Amounts
Community Park Fees
238
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Intergovernmental revenues
Charges for services
Use of money and property
Contributions and donations
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

-$ - $ - $ - $ - - - - - - - - - - - - 142,600 142,600 222,212 79,612 703,200 703,200 792,565 89,365 - - - - 845,800 845,800 1,014,777 168,977 - - - - - 15,000 2,626 12,374 - - - - - - - - - - - - 1,298,700 2,763,500 130,686 2,632,814

- - - - - - - - 1,298,700 2,778,500 133,312 2,645,188 (452,900) (1,932,700) 881,465 2,814,165 500,000 500,000 500,000 -
(532,800) (532,800) (531,610) 1,190 (32,800)
(32,800) (31,610) 1,190
(485,700) (1,965,500) 849,855 2,815,355 6,075,704 6,075,704 6,075,704 - 5,590,004$ 4,110,204$ 6,925,559$ 2,815,355$ Continued
Budgeted Amounts
Capital Construction Tax
239
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Intergovernmental revenues
Charges for services
Use of money and property
Contributions and donations
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

44,000$ 44,000 $ 494,981 $ 450,981 $ - - - - - - - - - - - - - - 8,655 8,655 - - - - - - - - 44,000 44,000 503,636 459,636 - - - - - - - - 78,500 78,500 59,359 19,141 74,000 74,000 62,627 11,373 - - - - - - - -

- - - - - - - - 152,500 152,500 121,986 30,514 (108,500) (108,500) 381,650 490,150 - - - - (4,800) (4,800) (16,420) (11,620) (4,800) (4,800) (16,420) (11,620) (113,300) (113,300) 365,230 478,530 129,312 129,312 129,312 - 16,012$ 16,012$ 494,542$ 478,530$ Continued
Budgeted Amounts
Oak Tree Mitigation Fees
240
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Intergovernmental revenues
Charges for services
Use of money and property
Contributions and donations
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

-$ - $ - $ - $ 33,800 33,800 37,623 3,823 - - - - - - - - 10,700 10,700 - (10,700) - - - - - - - - 44,500 44,500 37,623 (6,877) - - - - - - - - - - - - - - - - - 3,109 - 3,109
- - - -

- - - - - - 28,968 (28,968) - 3,109 28,968 (25,859) 44,500 41,391 8,655 (32,736) - - - - (44,500) (44,500) (8,655) 35,845 (44,500) (44,500) (8,655) 35,845 - (3,109) - 3,109 - - - - -$ (3,109)$ -$ 3,109$ Continued
Budgeted Amounts
Whitney Ranch Trunk Sewer Project
241
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Intergovernmental revenues
Charges for services
Use of money and property
Contributions and donations
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

-$ - $ - $ - $ - - - - - - - - 419,400 419,400 423,109 3,709 7,100 7,100 38,281 31,181 - - - - - - - - 426,500 426,500 461,390 34,890 - - - - - - - - - - - - - - - - - - - - - 1,084,485 49,314 1,035,171

- - - - - - - - - 1,084,485 49,314 1,035,171 426,500 (657,985) 412,076 1,070,061 - - - - - - (2,727) (2,727) - - (2,727) (2,727) 426,500 (657,985) 409,349 1,067,334 964,797 964,797 964,797 - 1,391,297$ 306,812$ 1,374,146$ 1,067,334$ Continued
Budgeted Amounts
North West Rocklin Community Park Fees
242
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Intergovernmental revenues
Charges for services
Use of money and property
Contributions and donations
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

-$ - $ - $ - $ - - - - - - - - 23,400 23,400 382,685 359,285 37,600 37,600 41,327 3,727 - - - - - - - - 61,000 61,000 424,012 363,012 - - - - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - - - 61,000 61,000 424,012 363,012 - - - - - - - - - - - - 61,000 61,000 424,012 363,012 1,021,684 1,021,684 1,021,684 - 1,082,684$ 1,082,684$ 1,445,696$ 363,012$ Continued
Budgeted Amounts
Public Facilities Impact Fees
243
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Intergovernmental revenues
Charges for services
Use of money and property
Contributions and donations
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

-$ - $ - $ - $ - - - - - - - - 52,900 52,900 35,897 (17,003)
700 700 447 (253)
- - - - - - - - 53,600 53,600 36,344 (17,256) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 53,600 53,600 36,344 (17,256) - - - - - - - - - - - - 53,600 53,600 36,344 (17,256) 853 853 853 - 54,453$ 54,453$ 37,197$ (17,256)$ Continued
Budgeted Amounts
Trail Impact Fees
244
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Intergovernmental revenues
Charges for services
Use of money and property
Contributions and donations
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

-$ - $ - $ - $ - - - - - - - - 54,700 54,700 155,451 100,751
700 700 1,924 1,224
- - - - - - - - 55,400 55,400 157,375 101,975 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 55,400 55,400 157,375 101,975 - - - - - - - - - - - - 55,400 55,400 157,375 101,975 3,703 3,703 3,703 - 59,103$ 59,103$ 161,078$ 101,975$ Continued
Budgeted Amounts
Community Center Impact Fees
245
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Capital Projects Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Taxes and assessments
Licenses and permits
Intergovernmental revenues
Charges for services
Use of money and property
Contributions and donations
Other revenues
Total Revenues

EXPENDITURES
Current:

General government
Public safety
Public works
Parks and recreation
Community development
Capital outlay
Debt service:

Principal
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

-$ - $ - $ - $ - - - - - - - - 74,900 74,900 231,960 157,060 41,300 41,300 56,750 15,450 - - - - - - - - 116,200 116,200 288,710 172,510 - - - - - - - - - - - - - - - - - - - - - 200,000 108,063 91,937

- - - - - - - - - 200,000 108,063 91,937 116,200 (83,800) 180,647 264,447 - - - - - - (7,305) (7,305) - - (7,305) (7,305) 116,200 (83,800) 173,342 257,142 1,518,449 1,518,449 1,518,449 - 1,634,649$ 1,434,649$ 1,691,791$ 257,142$ Concluded
Whitney Ranch Interchange Fees
Budgeted Amounts
246
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis) - Capital Projects Major Governmental Fund Traffic Circulation Impact Fee Fund
For the Year Ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amount s (Negative)

REVENUES

Taxes and assessments 1,215,000$ 1,215,000$ 846,471$ (368,529)$ Intergovernmental revenues 502,500 502,500 502,511 11 Use of money and property 443,400 443,400 661,818 218,418 Total Revenues 2,160,900 2,160,900 2,010,800 (150,100)

EXPENDITURES
Current:

Community developmen
t 521,500 521,500 4,913 516,587
Capital outlay 1,500,000 2,536,800 238,757 2,298,043 Total Expenditures 2,021,500 3,058,300 243,670 2,814,630 Excess (Deficiency) of Revenues over Expenditures 139,400 (897,400) 1,767,130 2,664,530

OTHER FINANCING SOURCES (USES)
Transfers in - - - - Transfers out (69,300) (69,300) (84,792) (15,492) Total Other Financing Sources (Uses) (69,300) (69,300) (84,792) (15,492) Net Change in Fund Balances 70,100 (966,700) 1,682,338 2,649,038 Fund Balances Beginning 17,419,259 17,419,259 17,419,259 - Fund Balances Ending 17,489,359$ 16,452,559$ 19,101,597$ 2,649,038 $

Budgeted Amounts
247
Fund Title Fund Description
Wetlands Maintenance Accounts for a $38,000 required endowment from which the income will fund ongoing maintenance of the wetlands on a single lot parcel in Stanford Ranch Phase III.

Conservation Easement Endowment Accounts for a $453,455 required endowment from which the income will fund initial Preserve Area maintenance and operations.

NONMAJOR PERMANENT FUNDS
248
City of Rocklin
Combining Balance Sheet
Permanent Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)

Conservatio n
Wetlands Easemen t
Maintenance Endowmen t 2024 2023
ASSETS
Restricted cash and investments 55,946$ 453,455$ 509,401$ 508,479$ Total assets 55,946$ 453,455$ 509,401$ 508,479$

FUND BALANCES
Nonspendable endowments 38,000$ 453,455$ 491,455$ 491,455$ Restricted 17,946 - 17,946 17,024 Total fund balances 55,946$ 453,455$ 509,401$ 508,479$ Total Permanent
Nonmajor
Governmental Funds
249
City of Rocklin
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Permanent Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
Conservatio n
Wetlands Easemen t
Maintenance Endowmen t 2024 2023

REVENUES
Use of money and property 3,522$ 16,106 $ 19,628 $ 9,085 $ Total Revenues 3,522 16,106 19,628 9,085

EXPENDITURES
Total Expenditures - - - - Excess (Deficiency) of Revenues over Expenditures 3,522 16,106 19,628 9,085

OTHER FINANCING SOURCES (USES)
Transfers in - - - - Transfers out (2,600) (16,106) (18,706) (10,984) Total Other Financing Sources (Uses) (2,600) (16,106) (18,706) (10,984) Net Change in Fund Balances 922 - 922 (1,899) Fund Balances Beginning 55,024 453,455 508,479 510,378 Fund Balances Ending 55,946$ 453,455$ 509,401$ 508,479$ Nonmajor
Governmental Funds
Total Permanent
250
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Permanent Nonmajor Governmental Funds
For the Year Ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amount s (Negative)

REVENUES

Use of money and property 2,600$ 2,600$ 3,522$ 922$ Total Revenues 2,600 2,600 3,522 922

EXPENDITURES
Total Expenditures - - - - Excess (Deficiency) of Revenues over Expenditures 2,600 2,600 3,522 922

OTHER FINANCING SOURCES (USES)
Transfers in - - - - Transfers out (2,600) (2,600) (2,600) - Total Other Financing Sources (Uses) (2,600) (2,600) (2,600) - Net Change in Fund Balances - - 922 922 Fund Balances Beginning 55,024 55,024 55,024 - Fund Balances Ending 55,024 $ 55,024 $ 55,946 $ 922 $ Continued
Budgeted Amounts
Wetlands Maintenance
251
City of Rocklin
Schedule of Revenues, Expenditures, and
Changes in Fund Balances
Budget and Actual (GAAP Basis)
Permanent Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES

Use of money and propert
y
Total Revenues

EXPENDITURES
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amount s (Negative)

11,500$ 11,500$ 16,106$ 4,606$ 11,500 11,500 16,106 4,606 - - - - 11,500 11,500 16,106 4,606 - - - - (11,500) (11,500) (16,106) (4,606) (11,500) (11,500) (16,106) (4,606) - - - - 453,455 453,455 453,455 -
453,455$ 453,455$ 453,455$ - $
Concluded
Budgeted Amounts
Conservation Easement Endowment
252
This page is intentionally blank
253
Fund Title Fund Description
Capital Construction Debt Service Fund Accounts for the debt service related to City capital projects.

Rocklin Public Financing Authority Debt Service Fund Accounts for the debt service of the Rocklin Public Financing Authority.

NONMAJOR DEBT SERVICE FUNDS
254
City of Rocklin
Combining Balance Sheet
Debt Service Nonmajor Governmental Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
Rocklin
Public
Capital Financin g
Construction Authority
Debt Service Debt Service
Fund Fund 2024 2023
ASSETS
Cash and investments -$ 7,456 $ 7,456 $ 7,200 $ Restricted cash and investments 193 1,097,547 1,097,740 1,595,184 Total assets 193$ 1,105,003$ 1,105,196$ 1,602,384$

FUND BALANCES
Restricted 193$ 1,105,003$ 1,105,196$ 1,602,384$ Total fund balances 193$ 1,105,003$ 1,105,196$ 1,602,384$ Total
Debt Service Funds
255
City of Rocklin
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Debt Service Nonmajor Governmental Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
Rocklin
Public
Capital Financin g
Construction Authority
Debt Service Debt Service
Fund Fund 2024 2023

REVENUES
Use of money and property 748$ 28,543$ 29,291 $ 39,660 $ Total Revenues 748 28,543 29,291 39,660

EXPENDITURES
Current:

General governmen
t 2,500 - 2,500 2,605 Debt service:

Principal 300,000 497,623 797,623 771,348 Interest, fiscal charges and fees 229,850 28,116 257,966 283,415 Total Expenditures 532,350 525,739 1,058,089 1,057,368 Excess (Deficiency) of
Revenues over Expenditures (531,602) (497,196) (1,028,798) (1,017,708)

OTHER FINANCING SOURCES (USES)
Transfers in 531,610 - 531,610 531,839 Transfers out - - - - Total Other Financing Sources (Uses) 531,610 - 531,610 531,839 Net Change in Fund Balances 8 (497,196) (497,188) (485,869) Fund Balances Beginning 185 1,602,199 1,602,384 2,088,253 Fund Balances Ending 193 $ 1,105,003$ 1,105,196 $ 1,602,384 $ Total
Debt Service Funds
256
City of Rocklin
Schedule of Revenues, Expenditures, and
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Debt Service Nonmajor Governmental Funds
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amount s (Negative)

REVENUES
Use of money and property - $ - $ 748$ 748$ Total Revenues - - 748 748

EXPENDITURES
Current:

General government 2,900 2,900 2,500 400 Debt service:

Principal retirement 300,000 300,000 300,000 - Interest and fiscal charges 229,900 229,900 229,850 50 Total Expenditures 532,800 532,800 532,350 450 Excess (Deficiency) of
Revenues over Expenditures (532,800) (532,800) (531,602) 1,198

OTHER FINANCING SOURCES (USES)
Transfers in 532,800 532,800 531,610 (1,190) Transfers out - - - - Total Other Financing Sources (Uses) 532,800 532,800 531,610 (1,190) Net Change in Fund Balances - - 8 8 Fund Balances Beginning 185 185 185 - Fund Balances Ending 185$ 185$ 193$ 8$ Continued
Capital Construction Debt Service Fund
257
City of Rocklin
Schedule of Revenues, Expenditures, and
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Debt Service Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Use of money and property
Total Revenues

EXPENDITURES
Current:

General government
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of
Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amount s (Negative)
28,200$ 28,200 $ 28,543 $ 343 $ 28,200 28,200 28,543 343
- - - - 497,700 497,700 497,623 77
28,200 28,200 28,116 84
525,900 525,900 525,739 161
(497,700) (497,700) (497,196) 504
- - - - - - - - - - - - (497,700) (497,700) (497,196) 504
1,602,199 1,602,199 1,602,199 -
1,104,499$ 1,104,499$ 1,105,003$ 504$
Concluded
Rocklin Public Financing Authority Debt Service Fund
258
This page is intentionally blank
259
Fund Title Fund Description
Fleet Management Internal Service Fund To account for the cost of maintenance of all City vehicles and hold resources to offset future replacement costs.

Risk Management Internal Service Fund To account for and finance the risk management functions for the City, which includes: general liability, workers compensation, property damage, dental, vision, and other insurance expenditures and to hold resources for Self-Insured Losses and Disaster Contingency.

INTERNAL SERVICE FUNDS
260
City of Rocklin
Statement of Net Position
Internal Service Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
Fleet Risk
Management Management
Internal Internal
Service Service
Fund Fund 2024 2023
ASSETS
Current assets:

Cash and investments 7,030,873$ 8,603,085$ 15,633,958$ 13,720,412$ Accounts receivable 57,268 - 57,268 - Inventory and other 47,636 - 47,636 50,567 Total current assets 7,135,777 8,603,085 15,738,862 13,770,979 Non-current assets:

Capital assets - net 7,067,481 - 7,067,481 6,063,575 Total assets 14,203,258$ 8,603,085$ 22,806,343$ 19,834,554$

LIABILITIES
Current liabilities:

Accounts payable and accrued liabilities 103,540$ 31,270$ 134,810$ 70,785$ Claims payable - 161,176 161,176 145,345 Compensated absences 9,716 - 9,716 10,475 Total current liabilities 113,256 192,446 305,702 226,605 Non-current liabilities:

Claims payable - 2,650,110 2,650,110 2,327,282 Compensated absences 248 - 248 1,233 Total non-current liabilities 248 2,650,110 2,650,358 2,328,515 Total liabilities 113,504$ 2,842,556$ 2,956,060$ 2,555,120$

NET POSITION
Net Investment in capital assets 7,067,481$ - $ 7,067,481$ 6,063,575$ Unrestricted 7,022,273 5,760,529 12,782,802 11,215,859 Total net position 14,089,754$ 5,760,529$ 19,850,283$ 17,279,434$ Internal Service Funds
Total
261
City of Rocklin
Statement of Revenues, Expenses and Changes in Fund Net Position Internal Service Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
Fleet Risk
Management Management
Internal Internal
Service Service
Fund Fund 2024 2023

OPERATING REVENUES
Charges for services 2,694,351$ 4,472,458 7,166,809$ 5,911,674$ Intergovernmental 1,806 - 1,806 2,804 Other revenue 27,360 - 27,360 11,047 Total operating revenues 2,723,517 4,472,458 7,195,975 5,925,525

OPERATING EXPENSES
Salaries and benefits 507,789 1,883,724 2,391,513 2,266,381 Services and supplies 1,309,945 2,147,061 3,457,006 2,554,476 Depreciation 1,033,923 - 1,033,923 1,003,751 Total operating expenses 2,851,657 4,030,785 6,882,442 5,824,608 Operating income (loss) (128,140) 441,673 313,533 100,917

NONOPERATING REVENUES (EXPENSES)
Gain (loss) on sale of assets 45,135 - 45,135 11,000 Investment earnings 238,705 79,926 318,631 136,016 Total nonoperating revenues (expenses) 283,840 79,926 363,766 147,016 Income (loss) before operating transfers 155,700 521,599 677,299 247,933 Transfers in 54,550 - 54,550 898,000 Transfers out (60,151) - (60,151) (53,500) Income (loss) before capital contributions 150,099 521,599 671,698 1,092,433 Capital contributions 1,899,151 - 1,899,151 402,595 Change in net position 2,049,250 521,599 2,570,849 1,495,028 Total net position - beginning 12,040,504 5,238,930 17,279,434 15,784,406
Total net position - ending 14,089,754$ 5,760,529$ 19,850,283$ 17,279,434$ Total
Internal Service Funds
262
City of Rocklin
Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)
Fleet Risk
Management Management
Internal Internal
Service Service
Fund Fund 2024 2023
Cash flows from operating activities:

Receipts from interfund services provided 2,637,083$ 4,472,458$ 7,109,541$ 5,911,993$ Other receipts 29,166 - 29,166 13,851 Payments to suppliers for goods and services (1,256,138) (1,799,085) (3,055,223) (2,927,388) Payments to employees for services (505,701) (1,883,724) (2,389,425) (2,275,292) Net cash provided (used) by operating activities 904,410 789,649 1,694,059 723,164 Cash flows from noncapital financing activities:

Interfund transactions (5,601) - (5,601) 844,500 Net cash provided (used) by noncapital financing activities (5,601) - (5,601) 844,500 Cash flows from capital financing activities:

Purchases (sales) of capital assets - net (1,992,694) - (1,992,694) (423,782) Proceeds from capital contributions 1,899,151 - 1,899,151 402,595 Net cash provided (used) by capital financing activities (93,543) - (93,543) (21,187) Cash flows from investing activities:

Investment income received 238,705 79,926 318,631 136,016 Net cash provided (used) by investing activities 238,705 79,926 318,631 136,016 Net increase (decrease) in cash and cash equivalents 1,043,971 869,575 1,913,546 1,682,493 Cash and cash equivalents - beginning 5,986,902 7,733,510 13,720,412 12,037,919 Cash and cash equivalents - ending 7,030,873$ 8,603,085 $ 15,633,958 $ 13,720,412 $ Reconciliation of operating income to net cash provided (used) by operating activities:

Operating income (loss) (128,140) $ 441,673 $ 313,533 $ 100,917 $ Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:

Depreciation 1,033,923 - 1,033,923 1,003,751 Change in operating assets and liabilities:

Accounts receivable (57,268) - (57,268) 319 Inventory 2,931 - 2,931 (2,961) Accounts payable and accrued liabilities 54,708 9,317 64,025 (15,529) Claims payable - 338,659 338,659 (360,303) Compensated absences (1,744) - (1,744) (3,030) Net cash provided (used) by operating activities 904,410$ 789,649$ 1,694,059$ 723,164$ Total
Internal Service Funds
263
Fund Title Fund Description
Community Facilities District No. 3 Accounts for special taxes made on properties to pay for debt issued for infrastructure in the District.

Community Facilities District No. 6 Accounts for special taxes made on properties to pay for debt issued for infrastructure in the District.

Community Facilities District No. 7 Accounts for special taxes made on properties to pay for debt issued for infrastructure in the District.

Community Facilities District No. 8 Accounts for special taxes made on properties to pay for debt issued for infrastructure in the District.

Community Facilities District No. 9 Accounts for special taxes made on properties to pay for debt issued for infrastructure in the District.

Community Facilities District No. 10 Accounts for special taxes made on properties to pay for debt issued for infrastructure in the District.

Community Facilities District No. 11 Accounts for special taxes made on properties to pay for debt issued for infrastructure in the District.

North West Rocklin Annexation Area Trust Accounts for amounts collected to reimburse developers for constructing backbone infrastructure in the respective area.

CUSTODIAL FUNDS
264
City of Rocklin
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)

Community Community Community
Facilities Facilities Facilities
District No. 3 District No. 6 District No. 7
ASSETS
Current assets:

Cash and investments 416$ 114,832$ 47,351$ Cash and investments held by trustee - - - Receivables - 837 - Total assets 416$ 115,669$ 47,351$

NET POSITION
Restricted for individuals, organizations,
and other governments 416$ 115,669$ 47,351$ Total net position 416$ 115,669$ 47,351$ Continued
265
City of Rocklin
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Current assets:

Cash and investments
Cash and investments held by trustee
Receivables
Total assets

NET POSITION
Restricted for individuals, organizations,
and other governments
Total net position

Community Community Community
Facilities Facilities Facilities
District No. 8 District No. 9 District No. 10
223,243$ 262,994$ 3,643,963$
- - 3,563,895 1,420 2,519 27,862
224,663$ 265,513$ 7,235,720$
224,663$ 265,513$ 7,235,720$
224,663$ 265,513$ 7,235,720$
Continued
266
City of Rocklin
Combining Statement of Fiduciary Net Position
Custodial Funds
June 30, 2024
(With Comparative Totals for June 30, 2023)
ASSETS
Current assets:

Cash and investments
Cash and investments held by trustee
Receivables
Total assets

NET POSITION
Restricted for individuals, organizations,
and other governments
Total net position
Northwest
Community Rocklin
Facilities Annexatio n
District No. 11 Area Trust 2024 2023
943,499$ 16,110 $ 5,252,408$ 4,839,666 $
545,495 - 4,109,390 4,083,337 38,200 - 70,838 82,637 1,527,194$ 16,110$ 9,432,636$ 9,005,640 $
1,527,194$ 16,110$ 9,432,636$ 9,005,640 $
1,527,194$ 16,110$ 9,432,636$ 9,005,640 $
Concluded
Totals
267
City of Rocklin
Combining Statement of Changes in
Fiduciary Net Position
Custodial Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

Community Community Community
Facilities Facilities Facilities
District No. 3 District No. 6 District No. 7

ADDITIONS
Taxes collected for community facilities districts - $ 93,316$ - $ Investment earnings - 2,557 1,624 Other revenue - 216 - Total additions - 96,089 1,624

DEDUCTIONS
Professional services - 13,000 - Program supplies and materials - - - Fees and charges - 935 - Debt service principal - 74,611 - Debt service interest - 4,216 - Payments to City - - - Total deductions - 92,762 - Change in net position - 3,327 1,624 Total net position - beginning 416 112,342 45,727 Total net position - ending 416 $ 115,669$ 47,351 $ Continued
268
City of Rocklin
Combining Statement of Changes in
Fiduciary Net Position
Custodial Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

ADDITIONS
Taxes collected for community facilities districts
Investment earnings
Other revenue
Total additions

DEDUCTIONS
Professional services
Program supplies and materials
Fees and charges
Debt service principal
Debt service interest
Payments to City
Total deductions
Change in net position
Total net position - beginning
Total net position - ending

Community Community Community
Facilities Facilities Facilities
District No. 8 District No. 9 District No. 10
225,571$ 261,592$ 3,250,746$
3,738 4,519 269,269 347 621 6,491 229,656 266,732 3,526,506 13,000 13,400 45,700
- - -
2,263 2,614 32,506 193,093 229,918 940,000
10,910 12,990 2,161,425 - - -
219,266 258,922 3,179,631 10,390 7,810 346,875 214,273 257,703 6,888,845 224,663$ 265,513$ 7,235,720$
Continued
269
City of Rocklin
Combining Statement of Changes in
Fiduciary Net Position
Custodial Funds
For the Year Ended June 30, 2024
(With Comparative Totals for June 30, 2023)

ADDITIONS
Taxes collected for community facilities districts
Investment earnings
Other revenue
Total additions

DEDUCTIONS
Professional services
Program supplies and materials
Fees and charges
Debt service principal
Debt service interest
Payments to City
Total deductions
Change in net position
Total net position - beginning
Total net position - ending
Northwest
Community Rocklin
Facilities Annexation
District No. 11 Area Trust 2024 2023
573,979$ - $ 4,405,204$ 4,396,190$ 51,735 - 333,442 193,452 3,755 - 11,430 14,065 629,469 - 4,750,076 4,603,707 21,900 - 107,000 107,700 - - - 6,683 5,799 - 44,117 43,171 380,000 - 1,817,622 2,978,677 164,800 - 2,354,341 2,293,035 - - - 8,238 572,499 - 4,323,080 5,437,504 56,970 - 426,996 (833,797) 1,470,224 16,110 9,005,640 9,839,437 1,527,194$ 16,110$ 9,432,636$ 9,005,640$ Concluded
Total
Custodial Funds
270
This page is intentionally blank
271

STATISTICAL INFORMATION
272
This page is intentionally blank
273
Contents Pag e(s)
F inancial T rends
185-194
Rev enue Ca pacit y
195-197
Debt Ca pacit y
198-199
Demo graphic and E conomic Information
200-202

ST AT IST ICAL SE CT ION
This part of the City of Rocklin's annual comprehensive financial report presents detailed information as a context for understanding w hat the information in the financial statements, footnotes, and required supplementary information says about the City's overall financial health.

S ources: Unless otherw ise noted, the information in these schedules is derived from the annual comprehensive financial reports for the relevant year.

These schedules contain trend information to help the reader understand how the City's financial performance and w ell-being have changed over time.

These schedules contain information to help the reader assess the City's property T hese schedules contain information to help the reader assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the fu tu re.

These schedules offer demographic and economic indicators to help the reader understand the environment within which the City's financial activities take place. 274
This page is intentionally blank
275
Table 1
City of Rocklin
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
2015 2016 2017 2018 2019
Governmental activities:

Net investment in capital assets 302,623,713$ 312,465,313$ 305,878,169$ 314,115,482$ 305,852,202$ Restricted 22,509,945 26,651,163 28,671,195 15,238,984 40,348,047 Unrestricted (7,435,357) (2,310,614) 4,165,814 5,318,242 2,040,874 Total Governmental Activities Net Position 317,698,301$ 336,805,862$ 338,715,178$ 334,672,708$ 348,241,123$