TABLE OF CONTENTS
TABLE OF CONTENTS
SECTION 00 31 46 PERMITS
SECTION 01 10 00 SUMMARY OF WORK
SECTION 03 30 00 SITE CONCRETE
SECTION 05 12 00 STRUCTURAL AND MISCELLANEOUS STEEL (GENERAL) SECTION 12 93 00 SITE FURNISHINGS
SECTION 26 00 00 SITE ELECTRICAL
SECTION 31 10 00 CLEARING AND GRUBBING
SECTION 31 20 00 EARTHWORK
SECTION 32 12 16 ASPHALT CONCRETE PAVING
SECTION 32 15 40 DECOMPOSED GRANITE PAVING
SECTION 32 31 13 CHAIN LINK FENCING
SECTION 32 84 00 IRRIGATION SYSTEM
SECTION 32 90 00 PLANTING
SECTION 33 00 00 UTILITIES
APPENDICES
A: Irrigation Schedules # pages
B: Soils Fertility Report # pages
C: Permits (provided by the City/Project Owner) # pages D: Environmental Document (provided by the City/Project Owner) # pages E: Geotechnical Report (provided by the City/Project Owner) # pages
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Section 00 31 46: Permits
SECTION 00 31 46
PERMITS
PART 1 - GENERAL
1.01 General Requirements
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Supplemental Conditions shall be in addition to the standards provided herein.
C. The intent of this Section is to furnish bidders with the known list of required permits for the Work under the Contract Documents . Bidders should note that the list is not necessarily complete and that additional requirements may exist or arise.
1.02 Permits
A. The Contractor shall obtain copies of the following permits from the Project Manager. Copies of these shall be obtained pr ior to start of work and shall be kept on the jobsite.
1. State Water Resources Control Board General Permit for Discharges of Storm Water Associated with Construction Activity:
The City has prepared and submitted the SWPPP and Notice of Intent (NOI) to the State Water Resources Control Board. Prior to starting construction, Contractor shall obtain coverage under and comply with the General Permit for Discharges of Storm Water Associated with Construction Activity (Construction General Permit Order 2009- 0009-DWQ). The City will prepare and submit the NOT when permanent BMP’s have been installed.
2. City of Roseville Department of Development Services, Encroachment Permit for all Work related to this project.
3. City of Roseville Department of Development Services , Grading Permit for all Work related to this project.
4. City of Roseville Department of Development Services, Building Permit for all structural items associated with this project, including, but not limited to, lighting, backstops, restrooms, shade structures, drinking fountain (plumbing code), and miscellaneous electrical.
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Section 00 31 46: Permits
B. Contractor shall comply with the conditions of these permits, and will be solely responsible for all costs associated with meeting permit conditions unless specifically specified otherwise in these Contract Documents.
C. A copy of the permit is included in the Appendix of the Project Manual. A trench/excavation permit must be on file with the City. Submit a copy of the notification letter to CAL OSHA, which outlines the project, and contracted scope of work.
PART 2 - PRODUCTS
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PART 3 - EXECUTION
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END OF SECTION
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Section 01 10 00: Summary of Work
SECTION 01 10 00
SUMMARY OF WORK
PART 1 - GENERAL
1.01 General
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Special Conditions shall be in addition to the standards provided herein.
1.02 Project Description
A. Project Name and address:
WB-50 School Park Site
Solaire Drive, Roseville CA, 95747
B. Project description/scope of work:
The scope of this project includes grading, drainage, erosion control, site concrete, site furnishings, planting, irrigation, electrical lighting and utilities.
C. The Contractor, prior to submission of his bid, shall visit the site and become familiar with t he physical site conditions, the plans and specifications . All existing site conditions, apparent in a detailed, on- site inspection, shall be a part of the project . Submission of a bid shall represent the Contractor’s acknowledgment of the existing site conditions and its effect on the implementation of the contract documents.
1.03 Engineering
A. Field Engineering, as a part of this contract, shall include:
1. Layout of the work and establishment of lines and grades.
2. Said work to be performed by a California Registered Civil Engineer or a California licensed Land Surveyor.
3. When discrepancies between the drawings and actual site conditions are discovered, notify the Inspector for instruction on how to proceed.
4. All work shall:
a) Establish indicated layout in relation to the property survey and existing reference points.
b) Establish and preserve permanent reference points during the course of construction.
c) Set locations and elevations of all site elements as required for proper completion of the work.
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1.04 Permits, Fees an d Notices
A. The Contractor and/or his assigned Subcontractors shall obtain any and all required permits (beyond those provided in the Appendix) from all governing authorities, including other City Departments, prior to start of construction.
1.05 Construction Pla ns
A. Any discrepancies or omissions found in the Contract Documents shall be reported to the City’s project manager immediately. The City’s project manager will clarify discrepancies or omissions, in writing, within a reasonable time.
B. In resolving inconsistencies among two or more sections of the Contract Documents, precedence shall be given in the following order:
1. Notice to Contractors
2. Special Provisions
3. City of Roseville Parks Construction Standards
4. City of Roseville Design and Construction Standards
5. Drawings
Addenda shall take precedence over all sections referenced therein. Figure dimensions on Drawings shall take precedence over scale dimensions .
Detailed Drawings shall take precedence over general Drawings.
1.06 Definitions
A. The term “accepted” where used within, shall mean accepted in writing by the City of Roseville’s Project Manager.
B. The term “Inspector”, where noted, shall mean the project representative, appointed by the City of Roseville, who will oversee the project on a day -to- day basis.
C. The term “Project Manager”, where noted, shall mean the project representative appointed by the Parks Department.
D. The term “Consultant”, where noted, shall mean the prime Consultant listed on the cover sheet of these Specifications.
E. The term “accepted equal”, where used herein, shall mean the equal in the opinion of the Project Manager, in consultation with the Consultant, when necessary, and as accepted in writing by the Project Manager.
F. The term “Project Owner”, where used herein, shall mean the landowner or developer.
G. The term “provide”, where used herein, shall mean furnish and install complete.
H. The term “as selected”, where used herein, shall mean as selected by the Consultant and as accepted by the Project Manager.
I. The term “substantially complete”, where used her ein, shall mean the state of which the project can be used in the manner of which it is intended with the exception of minor items as determined by the Project Manager.
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J. See Section 1 of the General Conditions for additional definitions and terms.
1.07 Standards
A. Numerous standards are referenced in these contract documents . The referenced standards shall be the current edition as of the date of these contract documents. Also, see Section 4 - 1.02 of the General Conditions.
B. The codes adopted by the City, County, State and federal agencies shall govern minimum requirements for this project. Where codes conflict with these Specifications, the more stringent shall apply, and such conflicts shall be brought to the attention of the Project Manager . Caltrans Standards shall be applied where specifically referenced . In the absence of specific reference requirements in the contract documents, the applicable codes shall govern.
C. In addition to the standards noted in individual sections of these Specifications, standards of the following organizations shall be noted by initials only.
1. ANSI: American National Standards Institute.
2. ASTM: American Society for Testing and Materials.
1.08 Submittals
A. All submittals shall be submitted at one time within ten (10) working days from issuance of Notice to Proceed. The review time for submittals shall be as noted in Section 2 - 1.04 of the Special Conditions . Items returned for re - submittal shall be returned to the City within two weeks
B. The Contractor shall include a cover sheet indicating the following (A sample is provided in Section 5: Forms):
1. Drawing sheet or specification section reference (by section, paragraph and sub-paragraph numbers);
2. Item description;
3. Indication whether this item is “as specified” or “proposed substitution” and
4. A space for itemized response summary, e.g. “reviewed” or “resubmit”.
C. Contractor shall provide submittals electronically in PDF file format and physical product samples as required in specifications. It shall be the Contractor’s responsibility to ensure that the summary sheet is included in the submittal package. Incomplete submittal packages (i.e., the lack of a summary sheet or lack an appropriate product sample) will not be reviewed.
D. Proposed substitution requests must include a comparison between the originally specified item and the proposed substitute. The burden of proof of compliance for proposed substitutions with project requirements rests with the Contractor. Coordination of the installation of accepted substitutions, including incidental changes/modifications to accommodate proposed products shall be at no additional cost to the Owner.
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E. Where required in specified Section of these Specifications, submittals shall include proof of order of site furnishings, play equipment or other materials within two weeks (ten working days) of receipt of the returned, approved submittal. Submittals of orders shall be made at one time. Exceptions will be considered, with justification.
1.09 Tests
A. In addition to Section 4 - 1.03 of the General Conditions, testing and inspections may be performed by a private testing laboratory . The testing laboratory, provided by the City, shall be under the direction of a California registered civil engineer. All work shall conform to requirements set forth by ASTM B329, and shall be acceptable to the City.
B. Copies of the laboratory reports/results of each test or inspection shall be provided to the Project Manager, Inspector and Contractor.
1.10 Temporary Facilities
A. Sanitary provisions shall be the responsibility of the Contractor . Existing restroom facilities shall be not utilized by the Contractor, his Sub-contractors, or employees thereof, unless specifically accepted by the Project Manager .
Provide chemical toilets or water closets and urinals connected to the sewer in a location accepted by the Project Manager.
B. Barricades shall be the responsibility of the Contractor and shall be erected as necessary to protect the property, the construction and the public from hazards due to construction.
C. Signs, other than those identified in these Specifications, shall be prohibited .
Notices, required by law, shall be posted and maintained.
1.11 Utilities
A. All utility fees, including, but not limited to, connection fees, installation fees, meters, monthly service fees and cost of utilities used during the course of construction and establishment are considered a direct cost and are the responsibility of the Contractor until project acceptance by City Council.
1.12 Dust/Noise Control Requirements
A. Dust and other air pollution nuisances on or adjacent to the site shall be abated, per Section 2 - 1.07 of the General Conditions . Dirt shall not be allowed to accumulate on streets or sidewalks nor be washed into sewer.
B. Noise from construction operations shall be kept to a minimum. Allowable hours of operations shall be from 7 a.m . to 7 p.m. Monday through Friday. Work on weekends and holidays must be approved by the project manager . Work on
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weekends and holidays shall not begin before 8 a.m . and must be completed by 8 p.m.
1.13 Tree Replacement Sch edule
A. Trees damaged or removed without prior approval shall be replaced at an inch per inch basis on- site, except otherwise accepted. New stock shall follow the table provided:
Plant Size Inch Value
3 Five Gallon Stock One Inch
1 Fifteen Gallon Stock One Inch
1 24” Box Stock Two Inches
1 36” Box Stock Three Inches
1.14 Inspection of Construction
A. In addition to the routine inspections performed by the Parks Inspector, portions of work may be inspected by the other city d epartments. Notify the Parks Inspector and Project Manager a minimum of 48 hours prior to date of inspection.
B. The Parks Inspector shall be the main line of communication between the site superintendent, the project manager and other City department inspectors .
Changes in scope of work or standards shall be approved by the project manager.
C. Refer to the parks inspection record. This shall be issued at the Pre- Construction meeting and shall be utilized by the Contractor throughout the course of construction . A completed “hard card” shall be submitted to the Project Manager along with required turn in items (See 1.19 this Section) upon final acceptance of the project. The Notice of Completion shall not be filed until all record documents have been received and accepted.
1.15 Adverse Impact s to Site Conditions Due to Construction A. Impacts that affect the site conditions to the detriment of the park or streetscape Impacts that affect the site conditions to the detriment of the park or streetscape construction or long term viability of the site shall be mitigated by the contractor prior to acceptance of the project . Such impacts shall include, but are not limited to:
1. Soil compaction in non-structural areas;
2. Diesel or gas fuel leaks/spillage;
3. Buried concrete or other construction debris;
4. Hazardous material contamination;
5. Lime treatment in planting areas;
6. and more.
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1.16 Pre-final (Punch List) Review
A. Notify, in writing, to the Parks Construction Inspector, that the work is substantially complete. Substantially complete is defined as “the state of work where it may be used in a suitable and intended manner with exception of minor corrections”. Partial acceptances will not be granted. Items to be reviewed as a part of substantial completion include:
1. All construction items
2. Installation of all site furnishings, including lights and signs
3. Seeding or sodding of all turf areas
4. All planting, including weeding of planted areas
5. The irrigation system is fully functioning as designed and as confirmed by the landscape irrigation audit.
B. Within five workings days of receipt of notification, the Parks Construction Inspector will confirm substantial completion. The Parks Construction Inspector will schedule the punch list walk (pre-final review) within five working days after the project has been determined as substantially complete. A formal punch list will be developed at the punch list walk. The Parks Construction Inspector will provide a copy of the formal punch list to the Contractor within five working days of punch list walk. Performance of the punch list walk does not automatically trigger the start of establishment.
1. If at any point during this review that it becomes apparent that the Contractor has not properly prepared for the site review, the inspection shall immediately be terminated and re-scheduled at such a time as the site has been readied for a review. Any costs for the re- scheduling of the review shall be the responsibility of the Contractor. Lack of site preparation could delay start of the establishment period.
C. Concurrent to the pre -final review, the City will make a formal request for all required turn-in items to be submitted to the City. All turn -in items shall be submitted to the City (single point of contact), at one time and only by appointment. Do not drop off the turn-in items at the front counter and without an appointment.
D. Once all turn-in items have been confirmed to be complete and accurate, the establishment period may be considered to begin. The City shall have sole discretion in determining the appropriateness of the commencement of the establishment period and shall notify the developer/contractor in writing of the start and end dates. Portions of the project will not be accepted for establishment prior to the substantial completion of the entire project.
1.17 Establishment Period
A. The duration of the establishment period shall be:
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1. For seeded turf in parks: Ninety (90) calendar days, minimum, and until the Notice of Completion (NOC) for City -built parks has been approved by the City Council, or the deed transferring property ownership, has been recorded at the County for Developer-built parks.
2. For sodded turf in parks: Forty -five (45) calendar days commencing between March 1st and October 31st and sixty (60) calendar days commencing between November 1st and February 28th, and until the Notice of Completion (NOC) for City -built parks has been approved by the City Council, or the deed transferring property ownership, has been recorded at the County for Developer-built parks.
3. For streetscapes: Thirty (30) calendar days, minimum, and until final acceptance of all related street improvements subject to approval of a Notice of Completion by the City Council.
B. Act ive maintenance is required throughout the entire establishment period.
Active maintenance is defined as:
1. All areas within the project site shall be protected against damage including vandalism, erosion, trespass, rodents and other acts. Immediately repair all damaged areas.
2. All walkways and paved areas shall be kept clean and all debris within planting and turf areas shall be immediately removed.
3. Automatic irrigation controller shall be fully utilized and irrigation system monitored and adjusted as described in Section 32 84 00 4.03.
4. All plant and turf maintenance as described in Section 32 90 00 3.11 C. Prior to the start of the final thirty (30) days of establishment:
1. All punch list items shall be completed.
2. All certifications and testing shall be completed.
3. All plantings and turf shall be thriving and in a healthy condition.
4. The lack of active maintenance prior to the final thirty (30) days may constitute a delay in the start of the final thirty (30) days of the establishment period.
1.18 Final Review
A. One (1) week prior to the end of the establishment period, a final on-site review shall be conducted to review project readiness for final turn-over. All punch list items must be satisfactorily addressed prior to the final review.
B. The project shall be prepared and cleaned per Section 2 - 1.12 of the General Conditions; the turf shall be mowed; and the irrigation heads shall be adjusted appropriately one day prior to the scheduled final review.
C. Acceptance of the project shall be considered “field accepted” and a recommendation will be forwarded to the City Council for “final acceptance” per Section 7 - 1.01 of the General Conditions.
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D. An unaccepted project shall extend the establishment period until such time as the unaccepted portions of the project have been reviewed and field accepted by the Inspector and Project Manager.
E. Turn over for City maintenance shall occur only after:
1. The specified duration of the establishment period has been successfully completed.
2. If required, the deed transferring property ownership, has been recorded at the County.
3. A Notice of Completion (NOC) for city-built parks and for streetscapes has been approved by the City Council.
F. Contractor shall provide a written guarantee covering all improvements associated with this project. See 1.19 – Warrantees and Guarantees.
1.19 Record Documents
A. Record documents or as -built plans shall be maintained on- site and updated routinely as specified in Section 2 - 1.13 of the General Conditions . Record documents shall include all items under the contracted scope of work.
B. Record documents shall be submitted:
1. one full size set of final as -built drawings (verified/initialed by the Parks Inspector during the establishment period)
2. one set of 11 x 17 reductions of the complete as-built package; and
3. two sets 11 x 17 laminated reductions of the irrigation plan illustrating with colors the individual controller stations; and
4. one USB storage device containing PDF scanned images (in color) of the verified/initialed as-built drawings.
5. For City of Roseville CIP projects, SWPPP binder.
1.20 Warranties and Guarantees
A. Warranties are required under various Sections of these Specifications. Prior to final acceptance, the Contractor shall assemble all warranties into a single, bound or stapled package. All warrant ies shall be clearly labeled and the number of years highlighted. Also, see Sections 7 - 1.10 and 7 - 1.11 of the General Conditions.
1. Warranties for equipment shall be submitted in the manufacturer’s standard form and shall be countersigned by the subcontractor or supplier and the Contractor.
2. All other warranties shall be provided in the following format, written on subcontractor’s or supplier’s letterhead, signed by the subcontractor or supplier and countersigned by the Contractor:
WARRANTY FOR YEARS
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“We hereby warrant that the product which we have installed at project name has been done in accordance with the contract documents, and that the work, as installed will fulfill the warranty requirements included in the Specifications.
We agree to repair or replace any or all of our work, together with any other adjacent work which may be displaced by so doing, that may prove to be defective in its workmanship or material within the warranty period stated above commencing from the date of final acceptance of the above named project by the City of Roseville’s City Council, without additional expense to the City, ordinary wear and tear and unusual abuse or neglect excepted.
In the event of failure to comply with the above conditions within thirty (30) days o f notification by the City, we collectively or separately do hereby authorize the City to proceed with the repairs or replacement of such defects at our expense. Payment of said costs and charges will be forwarded to the City upon demand.
Signed:
Subcontractor or Supplier Date
Countersigned:
Contractor Date
B. Guarantees shall be a minimum of one (1) year for all plant material, including trees and shrubs. The guarantee shall state that plant materials (trees & shrubs) to be free of all defects or disease and all plants are in a healthy and thriving condition at the completion of the contract. Deciduous plant material shall be warranted beyond the time of contract completion until such time as growth becomes evident.
PART 2 - PRODUCTS
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PART 3 - EXECUTION
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END OF SECTION
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Section 01 57 23: Storm Water Pollution Control
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Section 03 30 00: Site Concrete
SECTION 03 30 00
SITE CONCRETE
PART 1 - GENERAL
1.01 General Requirements
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Supplemental Conditions shall be in addition to the standards provided herein.
C. The standards set forth in the City of Roseville Design and Construction Standards and the City of Roseville Parks Construction Standards, latest editions, shall be in addition to the standards provided herein.
1.02 Description
A. Furnish all labor, materials and equipment for the complete installation of all concrete work, flatwork and poured- in-place as shown in the Plans and as specified herein.
1.03 References
A. Caltrans Standard Specifications, latest edition.
B. California Building Code (CBC) and California Administrative Code (Title 24), latest editions.
1.04 Quality Assurance
A. For all flatwork, the Contractor shall pour a six-foot by six-foot (6‟ x 6‟) sample of each type of finish specified for review and acceptance by the Project Manager prior to pouring any concrete. The accepted samples shall remain on- site and intact until all concrete work has been completed . The quality of the concrete work shall be measured by the accepted samples.
B. During the course of construction, a qualified testing laboratory shall obtain samples as determined by the Inspector and conforming to federal and state codes and standards . Such costs shall be paid for by the City . Re-tests and removal of below acceptable strength concrete shall be borne by the Contractor.
The Contractor shall cooperate with the testing during the course of obtaining such samples.
C. Variances in surface grades of more than 1/8”, as measured by a straight edge ten feet (10‟ ) long, shall be corrected to the satisfaction of the Inspector .
Remove all areas where standing water occurs, including any surface irregularities.
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Section 03 30 00: Site Concrete
1.05 Handling and Storage
A. Comply with ATSM C-94, “Specifications for Ready Mix Concrete” for the batch, mix and transport of concrete.
B. Mix and deliver only the amount that will be poured immediately.
1.06 Record Drawings
A. The Contractor shall keep an accurate record of the as -built conditions of the site concrete. These records shall be updated daily and kept at the construction site. At any time, the Inspector may examine the conditions of the “as-builts” to ensure compliance of the above.
PART 2 - PRODUCTS
2.01 Concrete
A. Concrete for play area curbs, sidewalks, and accessible ramps shall conform to the provisions of Section 90- 2 “Minor Concrete” of the Caltrans Standard Specifications. Cementitious material shall be „Type II Modified” and shall contain no less than 505 pounds of cementitious material per cubic yard.
Aggregate shall be not greater than one- inch or smaller than 3/8-inch. Submit concrete analysis for review and acceptance prior to placement of concrete.
2.02 Fiberglass Reinforcement
A. Fibers for concrete shall be Fibermesh 150, as manufactured by Propex Operating Company; or accepted equal. Fibers shall contain 100 percent virgin polypropylene multifilament fibers, e3 patented technology, containing no reprocessed olefin materials. The fibers shall conform to ASTM C1116 Type III and manufactured specifically for the secondary reinforcement of concrete.
2.03 Expansion Joint Material
A. Fiber expansion joint shall conform to ASTM -1751 and shall be a non- extruding resilient filler . Filler shall have preserve attributes and high quality bituminous materials.
B. Apply Sikaflex elastomeric sealant, or accepted equal, over all expansion joints.
2.04 Concrete Forms
A. All forms shall be new at the start of the project and shall be construction grade Douglas Fir. Minimum size lumber shall be 2 x 6.
B. Radius bends shall be formed by spring steel forms or laminated boards, as required.
C. Plywood shall be 5/8”, Class I, exterior grade as outlined in APA “Guide to Plywood Grades”. Omit mill oiling treatment.
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Section 03 30 00: Site Concrete
PART 3 - EXECUTION
3.01 Poured-In-Place Concrete Forms
A. Concrete for hardscape or flatwork shall be placed on subgrade compacted to 95% relative compaction. Prior to placement of concrete, a soils compaction test must be performed by an accepted soils testing professional on a representative number of locations along the flatwork area. The City or project owner shall provide the initial test. The results of these tests must be available and meet acceptable levels prior to pouring. Re-tests and re-work of any area, as directed by the soils professional, shall be the responsibility of the Contractor.
B. Construct forms to conform to the shapes, dimensions and details shown on the Plans. All forms shall be true to lines, plumb, level and square.
C. Forms shall not leak, spread, shift or settle when concrete is placed.
D. All forms shall carry dead and live loads and shall not deflect more than 1/8” between supports after placement of concrete.
E. All forms shall be thoroughly soaked a minimum of twelve (12) hours prior to pouring of concrete. Forms shall be treated per manufacturer’s recommendations.
F. Reuse of forms may be allowed at the discretion of the Inspector. Reused forms shall be cleaned and free of defects that would affect the final concrete finish.
G. Concrete footings shall be formed only when excavations slump or cave in.
Over-excavate the trench or footing diameter to accommodate the forms ’ installation and removal . Apply water to moisten soil . Do not allow water to create mud or ponding.
3.02 Fiberglass Reinforcement
A. Install per manufacturer’s instructions. Apply at the batch plant prior to delivery.
Thoroughly mix fiber material to avoid “clumping”.
3.03 Expansion Joints
A. Expansion joints shall be placed where vertical elements meet horizontal paving unless otherwise noted on the Plans . This shall include vertical expansion joints on play area curb walls, b uildings, shade structures, walls and/or planters . The corners of the paving shall be tooled at the expansion joints. Trim exposed fibers which protrude above or beyond the finish surface of paving or the finish surface of the wall.
3.04 Control Joints for Conc rete Sidewalks
A. Control joints shall be per detail PK -32 with deep, straight and finished with rounded edges. Control joints shall be placed (on- center) a distance equal to the width of the concrete walkway, unless otherwise shown on the Plans . For
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example a ten-foot wide walkway shall have control joint placed ten feet on center.
3.05 Placement of Concrete
A. Do not pour concrete in weather below 40 degrees F . or when temperatures are predicted to fall below freezing within 24 hours, except with prior authorization.
B. Concrete shall be transit mixed according to ASTM C -94. Limit the quantity of water to the required strength. Concrete shall be of a consistency that it flows slowly into the forms.
C. Mixing of concrete shall be continuous commencing from the time water is added to the mix until such time that the concrete is poured. All concrete shall be placed within an hour of the time when water is first added.
D. Concrete shall be deposited up to the finished height of the forms and up to the adjacent joint . No partial pours will be allowed . Excess material shall be dumped on-site and later removed by the Contractor.
E. Thoroughly compact the concrete manually spading and tamping concrete into all corners of the forms and by utilizing a high- speed mechanical vibrator .
Retain a standby vibrator on- site during the course of concrete work . When utilizing the vibrator, take precautions to avoid impact on the forms.
F. After obtaining uniform compaction, screen tamper all flatwork surfaces, screed and bull float to ensure that large aggregates are pushed below the surface .
When it is practical to work on the surface, wood float, steel trowel paving to a uniform surface.
G. Concrete elements shall not exceed the following tolerances:
1. Linear: 1/8”
2. Slab deviation: 1/8” in 10‟
3.06 Finishes
A. Finishes shall be as shown on the Plans and shall be consistent in quality throughout the project. Medium broom finished concrete shall have clean, deep control joints spaced appropriately . No visible cracks or discoloration will be accepted. Finishes on vertical surfaces shall be consistent throughout. Vertical expansion joints are spaced as identified on the plans and are smooth with the finish surfaces. All edges for flatwork and vertical surfaces shall be eased at a consistent radius.
B. Upon completion of float finishing, provide the final finish as follows:
1. Medium Broom Finish: shall be accomplished by pulling a stiff bristle broom across a floated surface. The direction of the broom shall be perpendicular to the path of travel, unless otherwise shown on the Plans.
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3.07 Removal of Forms
A. Forms shall remain in place as follows:
1. For mass concrete work: 5 days.
2. For other flatwork and other concrete work: 3 days.
B. Remove all bolts, nails, ties, wires, etc . a minimum of one inch (1”) below the surface of the concrete. Remove imprints, irregularities or other such defects and patch as directed by the Inspector.
3.08 Curing and Protection
A. Allow adequate time for the concrete to cure. In temperatures above 75 degrees F., ensure that the concrete surface remains wet for a period of seven (7) days minimum.
B. Protect all concrete from damage during the curing period. This shall include damage from sun, rain, flowing water, frost, mechanical injury, tire tracks, footprints, oil stains, etc . Should such damage occur, Contractor shall take immediate action to repair damage to the satisfaction of the City.
3.09 Clean-Up
A. During the course of this work, the area shall be kept clear and free of debris as realistically possible. Upon completion of concrete work, completely remove from the site all used forms, hardware, spillage, rejected work and other materials.
B. Remove from site furnishing posts all concrete “slobber” . Re-touch posts as necessary for a clean finish.
END OF SECTION
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NOT FOR CONSTRUCTION
FOR COUNCIL APPROVAL
NOT FOR CONSTRUCTION
WB 50 SCHOOL PARK SITE
12/07/2022
Section 04 20 00: Unit Masonry (General)
FOR COUNCIL APPROVAL
NOT FOR CONSTRUCTION
FOR COUNCIL APPROVAL
NOT FOR CONSTRUCTION
WB 50 SCHOOL PARK SITE
12/07/2022
Section 05 12 00: Structural and Miscellaneous Steel (General)
FOR COUNCIL APPROVAL
NOT FOR CONSTRUCTION
FOR COUNCIL APPROVAL
NOT FOR CONSTRUCTION
WB 50 SCHOOL PARK SITE
12/07/2022
Section 09 91 00: Painting and Finishes (General)
FOR COUNCIL APPROVAL
NOT FOR CONSTRUCTION
FOR COUNCIL APPROVAL
NOT FOR CONSTRUCTION
WB 50 SCHOOL PARK SITE
12/07/2022
Section 12 93 00: Site Furnishing
SECTION 12 93 00
SITE FURNISHINGS
PART 1 - GENERAL
1.01 General Requirements
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Supplemental Conditions shall be in addition to the standards provided herein.
1.02 Description
A. Furnish all labor, materials and equipment for the complete installation of all site furniture, including play equipment and play surfacing, as shown on the Plans and as specified herein.
1.03 References
A. All play equipment shall meet or exceed the standards set forth by the Consumer Product Safety Commission (CPSC), comply with the Americans with Disabilities Act (ADA), meet all current ASTM standards and be consistent with State and local codes.
B. The play area surfacing shall meet or exceed the fall absorption/impact rates set forth by the CPSC guidelines and ASTM standards. The surfacing shall be an accessible surface and manufactured specifically for play areas.
C. Nothing in the Plans or Specifications is to be construed to permit work not conforming to regulating codes and standards . The Contractor shall furnish without extra charge any material and labor, when required, by the compliance with these rules and regulations, even though the work was not mentioned in these particular Specifications or shown on the Plans.
D. The product manufacturer shall supply complete Specifications for the installation of all site furnishings, including play equipment and play surfacing.
1.04 Submittals
A. Submittals for specified items are required . The Contractor shall submit a materials summary sheet indicating which items will be installed as specified and which items are proposed for substitutions . The Contractor shall submit proof of order within ten (10) working days of the Notice to Proceed, indicating all specified materials have been ordered, noting “as specified” or “substitution proposed”. For the following items, also provide:
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1. Play Equipment and Swings submittals shall include color samples , manufacturer’s materials and parts list, and installation instructions.
2. All items with “color as selected by City” shall include color samples.
3. Fitness Equipment shall include color samples, manufacturer’s materials and parts list, and installation instructions.
4. Shade Shelter shall include color samples, manufacturer’s materials and parts list, and installation instructions.
B. On the date of the Notice to Proceed, the Contractor shall immediately place the order to purchase all site furnishings, including the play equipment and play surfacing as specified on the Plans and as outlined herein. Proof of all orders shall be submitted to the Project Manager within ten (10) working days of the Notice to Proceed.
C. The Contractor shall submit a Certificate of Compliance from a third party certified playground inspector which verifies that the entire playground, including individual components, and surfacing meets or exceeds regulated requirements as described in Section 1.03 above.
1.05 Record Drawings
A. The Contractor shall keep an accurate record of the as -built conditions of the miscellaneous site amenities. These records shall be updated daily and kept at the construction site. At any time, the Inspector may examine the conditions of the “as-builts” to ensure compliance of the above.
PART 2 - PRODUCTS
2.01 Materials
A. Play Equipment shall be custom configuration as shown on the Plans and as specified herein. The equipment shall be as distributed by Ross Recreations, and as manufactured by Landscape Structures contact Nick Philbin, 707-538- 3800 or accepted equal. Color as selected by the City.
B. Engineered wood fiber shall be clean, engineered wood fiber, manufactured specifically for play areas.
1. Engineered wood fiber manufacturer shall provide testing certification by an independent testing agency that the results comply with CPSC guidelines and ASTM standards.
2. Engineered wood fiber shall meet the following requirements: ASTM F1951- 99 (ADA Compliance Test) and ASTM F 1292-96 (Shock Absorbency).
3. Manufacturer shall provide a Certificate of Insurance that shall provide coverage for products liability with the limit of liability not less than $1,000,000.
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Section 12 93 00: Site Furnishing
4. The manufacturer shall also provide written guarantee for three (3) years from the date of installation against decay and biochemical degradation calling for replacement of defective materials during the guarantee period.
5. Manufacturer certifies that the engineered wood fiber has been installed in not less than three (3) sites for periods of not less than three (3) years demonstrating the claims made with regard to these Specifications.
C. Picnic Tables shall be as shown on the Plans and as specified herein. The tables shall be as distributed by Miracle Play Systems, Inc. , and as manufactured by Wabash Valley, contact Karl Manigila 916- 317-0545 or accepted equal. Color as selected by the City.
D. ADA Picnic Tables shall be as shown on the Plans and as specified herein. The tables shall be as distributed by Miracle Play Systems, Inc. , and as manufactured by Wabash Valley, contact Karl Manigila 916- 317-0545 or accepted equal. Color as selected by the City.
E. Round Game Tables shall be as shown on the Plans and as specified herein.
The tables shall be as distributed by Miracle Play Systems, Inc., and as manufactured by Wabash Valley, contact Karl Manigila 916- 317-0545 or accepted equal. Color as selected by the City.
F. ADA Round Game Tables shall be as shown on the Plans and as specified herein. The tables shall be as distributed by Miracle Play Systems, Inc., and as manufactured by Wabash Valley, contact Karl Manigila 916- 317-0545 or accepted equal. Color as selected by the City.
G. Benches shall be as shown on the Plans and as specified herein. The benches shall be as distributed by Miracle Play Systems, Inc., and as manufactured by Wabash Valley, contact Karl Manigila 916- 317-0545 or accepted equal. Color as selected by the City .
H. Drinking Fountain shall be MDF #10145 SM (bottle filler, dual bowl and accessible) and stainless steel surface carrier as distributed by Husbands and Associates (800) 821- 9838 and as manufactured by Most Dependable Fountains or accepted equal. Color to be stainless powder coated black or as approved. Include recessed hose bib with locking cover. Install with a sand strainer when sand amenities are included in the park design.
I. Park Identification Sign shall be fabricated by Quick Crete Products Corp., Norco, CA, (916) 447-8644, or by Outdoor Creations, Inc., Anderson, CA, (530) 365-6106, or accepted equal.
J. Age-Appropriate Signage shall contain the following language:
“This play area has been designed for the use of children aged (fill in the appropriate age range) years of age.”
K. Park Namesake Plaque shall be a 24” by 18” digital high pressure laminate graphic panel fabricated or accepted equal . Plaque shall be mounted on a
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Section 12 93 00: Site Furnishing
SlimLine single pedestal sign system or accepted equal . Manufacturer for the plaque and sign system (model # 2418 SL- SLP-AL) is KVO Industries (Chris Howell, (707) 573-6868). Installation location shall be verified in the field with the Project Manager.
L. Playground rules sign shall be as fabricated by Gopher Sign Company, (651) 698- 5095, or accepted equal.
M. Trash Receptacle shall be 32 gallon receptacle with liner, dome top (model # TG3D33S) as fabricated by Wabash Valley, (260) 352-2102, or accepted equal.
N. Interpretive Signage shall be X-Trails Pioneer, 3” x 3” posts and 12” x 12” mount plate with 24” x 33” CHPL panels, available from X -Trails contact 1-888-809- 9888 or approved equal.
O. Tree Logs shall be locally sourced provided by the city.
P. Tree Stumps shall be locally sourced provided by the city.
Q. Landscape boulder shall be locally sourced provided by the city.
R. Shade Shelter shall be as distributed by Miracle Play Systems, Inc., and as manufactured by Custom Canopies , contact Karl Manigila 916- 317-0545 or accepted equal. Color as selected by the City
PART 3 - EXECUTION
3.01 Installation
A. Contractor to provide experienced workers or subcontr actors to install all site furnishings, including the play equipment and play surfacing described in these Specifications. The workers or subcontractor must demonstrate that at least five (5) similar play structures and five (5) play surface applications s imilar to that specified for this project have been installed in the last three (3) years.
B. All site furnishing, including play equipment shall be installed per manufacturer’s instructions.
C. Engineered wood fiber shall be blown in place to avoid damage to adjacent improvements unless specifically approved by City.
D. Heights of tables and benches shall be as follows, unless otherwise required by ADA; California Title 24 or other code requirements:
Description Height Above Finish Grade
Table Surface Height 34” Maximum
Knee Space Height 27” Minimum Clear Space
Knee Space Depth 17” Minimum from edge of table to nearest obstruction under table top
Width of Knee Space 30” Minimum clear width beneath table Bench Surface Height 16” Minimum, 18” Maximum
E. Heights for play equipment, including ramps and transfer decks shall comply with the approved recommendations by the U.S . Architectural and
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Section 12 93 00: Site Furnishing
Transportation Barriers Compliance Board: Play Facilities Regulatory Negotiation Committee.
F. For play equipment, locate all footings prior to installation of drain lines. Adjust drain lines to accommodate play structure footings . Provide appropriate fall zones as shown on the Plans and per applicable codes and guidelines.
G. All footings shall be Class A concrete with 3/4” maximum size aggregate, unless otherwise noted. Footings shall be in accordance with Calt rans Standard Specifications, Section 90. Install all footings below finish surface. In paved areas, install paved surface over footing for a clean finished surface as shown on the Plans.
H. Carefully install all furnishings and equipment without disturbance to adjacent finishes. Contractor shall be responsible for the damage and subsequent repairs of damaged finished product.
I. Install park namesake plaque. Installation location shall be verified in the field with the Project Manager.
J. Install age-appropriate stickers on all play structures.
K. Install playground rules sign. Installation location shall be verified in the field with the Project Manager.
3.02 Cleaning
A. Thoroughly clean all areas where work has occurred. Remove from the site excess material, debris and rubbish.
B. Take all precautions to protect completed work . Immediately repair or replace all damaged areas due to tire ruts, erosion, compaction failure, etc . Keep all erosion control measures intact.
PART 4 - WARRANTY
4.01 General
A. Contractor shall warranty all site amenities included under this Section.
B. Contractor shall also provide a written warranty covering all materials, equipment and workmanship furnished by him to be free of all defects after installation is accepted, including all defective parts that may have been found.
C. Submit written warranty on company letterhead addressed to the City when providing As-built drawings.
D. Contractor shall submit to the City, upon completion of work, a Certificate of Compliance by a third party certified playground inspector for the installation of the play structure and safety surfacing . Certification shall include testing for compliance of ASTM 1292 (Impact Attenuation of Surfacing Systems under and around Play Equipment). All tests, including re-tests, shall be the responsibility of the Contractor. Submit all test results to the City.
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E. Submit maintenance manual for poured-in-place resilient surfacing.
F. Contractor shall submit to the City, upon completion of work, a Certificate of Compliance from the manufacturer of the play structure for the installation of the play structure.
G. Contractor shall submit to the City, upon completion of work, critical fall criterion used to certify all play surfacing material.
H. Attach cut sheets of installed items to the warranty.
END OF SECTION
FOR COUNCIL APPROVAL
NOT FOR CONSTRUCTION
WB 50 SCHOOL PARK SITE
12/07/2022
Section 26 00 00: Site Electrical
SECTION 26 00 00
SITE ELECTRICAL
PART 1 - GENERAL
1.01 General Requirements
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Special Conditions shall be in addition to the standards provided herein.
C. The standards set forth in the City of Roseville Design and Construction Standards, latest edition and requirements outlined by the City of R oseville Electric Department shall be in addition to the standards provided herein.
D. The standards set forth in the latest edition of the California Electrical Code (CEC), incorporating the latest edition of the NEC with City of Roseville amendments shall be in addition to the standards provided herein.
1.02 Description
A. Furnish all labor, materials and equipment for the complete installation of site electrical as shown in the Plans and as specified herein.
B. Submittals shall be required for requested substitutions or plan deviations ONLY. The Contractor shall install all specified electrical fixtures, poles and equipment, unless otherwise accepted and determined as an equivalent.
1.03 References
A. Conform to requirements outlined in the latest editions of the California Electrical Code ( CEC), California Administrative Code (Title 24), California Building Code ( CBC), California Administrative Code (Title 22) and other applicable codes.
B. Conform to requirements outlined in the latest edition of the Roseville Elect ric Specifications for Commercial Construction.
1.04 Record Drawings
A. Record drawings are required as a part of this work. At all times, the Contractor shall maintain accurate information of the work in progress. Deviation in layout of conduit or other materials shall be recorded to the satisfaction of the Inspector. Upon completion of the project, as -builts shall be submitted to the City on reproducible plan sheets and shall depict all changes in a neat and legible manner.
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PART 2 - PRODUCTS
2.01 Service Panel s
A. Service panel s shall meet the Roseville Electric approved sections of the EUSERC requirements. The list of acceptable panels can be found at https://the.euserc.org/s/Roseville-City-of-Acceptability-Pages.pdf B. Service panel shall be:
1. Built to UL508A standards
2. Metered
3. Single phase or three phase application
4. Rated for 120 to 480 volts
5. Color: Hunter Green
2.02 Electronic Astronomic Time Switch
A. Electronic Astronomic Time Switch shall be model ET-2815C, as manufactured by Intermatic, or accepted equal.
2.03 Conduit and Fittings
A. For primaries (12,000 volts), conform to Roseville Electric’s Specifications for Commercial Construction, latest edition.
B. All other conduit and fittings shall conform to the California Electric Code, latest edition.
2.04 Wires and Cables
A. Conform to the California Electric Code, latest edition.
B. All wires shall be copper only, 90-degree-C THHN/THWN insulation.
2.05 Wire Connections and D evices
A. Conform to the California Electric Code, latest edition.
B. Splices and joints for #10 AWG or smaller wiring shall be twisted together electrically and mechanically strong and insulated with approved type insulated electrical spring connectors, Scotchlok or Ideal. Joints and connections for #8 AWG or larger shall be made with Burndy, T & B, or approved equal, solderless tool applied pressure lugs and connectors. Uninsulated lugs and wire ends shall be insulated with layers of plastic tape equal to insulation of wire and with all irregular surfaces properly padded with "Scotchfil" putty prior to application of tape. Tape shall be equal to Scotch #33, General Electric #AW -1, or approved equal. Feeder splicing is not permitted.
C. Receptacles: 15 & 20 Amp 125 Volt receptacles shall be "Specification" grade, duplex, UL Listed, rated Weatherproof where installed outdoors or in damp or wet locations. Where only one receptacle is connected to a 20 ampere circuit, a 20 ampere receptacle shall be used. Receptacles to be Hubbell 5262 series,
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Section 26 00 00: Site Electrical
5362 series, or equal. Provide an equipment grounding jumper (pigtail) connecting the grounding terminal of the receptacle to the grounded box.
2.06 Outlet Boxes
A. Cast Metal boxes shall be cadmium plated, cast iron alloy by Crouse- Hinds Form 8 condulets, Appleton Form 35 Unilets or accepted equal.
B. Cast Metal Outlet boxes shall be four inch (4”) round, galvanized cast iron alloy with threaded hubs and mounting lugs as required. Boxes shall be furnished with cast cover plates of the same material as the box and neoprene gaskets by Crouse-Hinds VXF series, Appleton JBX series or accepted equal.
2.07 Pull and Junction Boxes
A. Per City of Roseville Electric Department’s Specifications for Commercial Construction, latest edition.
2.08 Parts Identification
A. Consistent with the City of Roseville Electric Dep artment’s Specifications for Commercial Construction, latest edition.
2.09 Electrical Support Equipment
A. Concrete Fasteners shall be Philips “Red- Head” or accepted equal . Powder driven concrete pin fasteners, low velocity type shall be Remington, Ramset or accepted equal.
B. Conduit Straps shall be hot dipped galvanized, cast malleable iron, one hole type strap with cast clamp-backs and spacers (as required) by O-Z/Gedney No. 15-50G strap and #14G spacer, Efcor No . 231 strap and No.131 spacer or accepted equal.
C. Concrete Inserts shall be pressed galvanized steel, spot insert with oval slot capable of accepting support nuts of ¼ inch to ½ inch diameter thread by Unistrut No. M2506 series, Globestrut CSI series or accepted equal.
D. Construction Channel shall be 1- 1/2 inch by 1- 1/2 inch 12 gauge galvanized steel channel with 17/32 inch diameter bolt holes, 1- 1/2 inch on center, in the base of the channel by Kindorf 905 series, Unistrut P -1000-HS or accepted equal.
E. Cable Ties and Clamps shall be one piece, nylon, reusable type lashing tiesby Thomas and Betts Co “Ty-Raps”, Panduit “Pan-Ty” or accepted equal.
F. General Fasteners shall be wood screws for fastening to work; machine screws for fastening to steel; toggle bolts for fastening to gypsum board or plaster walls; expansion anchors for attachments to pre-poured concrete.
G. GFI Outlet Cover shall be metal, lockable, and flush with the surface it is installed in. Cover must conform to the California Electric Code, latest edition.
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2.10 Fixtures and Poles
A. Pathway/Security lights shall be:
1. LED: Hadco: RL54 B B N N 1 A W N N N A 2 N N N N SP1
2. Pod: die-cast aluminum housing with tool-less access
3. Globe: clear prismatic injection molded U.V. stabilized acrylic
4. Sym metric photometric distribution
5. Rated 120 volts
B. Poles shall be:
1. Whatley: TR34 16 DE BLK TXT 30-30 or accepted equal
2. Fiberglass, direct burial
3. Textured round, tapered
4. 16’ mounting height
5. Include –RC receptacle as shown on plans
2.11 Tracer Wire
A. Insulated solid copper wire, minimum #12 gauge.
PART 3 - EXECUTION
3.01 Installation
A. Install (luminaire and poles) in accordance to manufacturer’s instructions.
B. Ensure proper handling and installation of fixtures including hardware necessary for a complete installation. Fixtures (luminaire and poles ) shall be clean, plumb and level.
C. All lamps shall be new and in operating condition. New lamps shall have less than 100 hours of operation on-site.
D. All splices in exterior fixtures or fixture outlet boxes shall be made watertight, using specified epoxy resin splicing kits.
E. Operate the entire system, once complete, in the presence of the Inspector.
Immediately correct any improper connections or other items.
F. Install concrete collars around light poles . Concrete collars shall be per the Parks Construction Standards, latest edition.
G. Install tracer wire on top of conduit for all up-lighting and sports field lighting.
3.02 Clean Up
A. At all times, maintain a safe and clean work site, free of debris and rubbish.
B. All electrical parts shall be clean of conductive and deleterious materials.
C. All enclosures shall be free of dirt and debris.
D. Clean all finishes and touch up damaged areas prior to pre-final inspection.
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3.03 Excavation & Backfill
A. Refer to Section 33 00 00 Utilities.
3.04 Equipment Pads
A. Concrete reinforced pads for mounting of equipment (i.e. switchboard, transformers, freestanding panels, etc.) shall be minimum 3000psi, 6" thick with #4 rebars at 12" on center each way. Rebars shall be centered in pad. Pad shall extend 2" beyond equipment and 1.5" above surrounding area. Backfill and compact to 95% maximum dry density at optimum moisture content in layers not to exceed 6" when compacted.
3.05 Grounding
A. Grounding and ground bonding of the electrical installation shall be in accordance with CEC Article 250, and any applicable codes. Ground fittings shall be approved manufactured type, installed and connected to conform with Code requirements.
B. Neutral conductors and noncurrent -carrying parts of equipment at each installation shall be grounded in accordance with applicable code. Ground conductor shall be copper having a current capacity sized in accordance with CEC.
C. All equipment cases, motor frames, etc., shall be completely grounded to satisfy requirements of CEC. Install bond wire in flexible conduit. Install copper bond wire, sized in accordance with CEC, in all nonmetallic raceways and bond to all metallic parts using approved fittings.
D. Service ground conductor shall be connected to a "Ufer" encased ground and bonded to the metallic cold water pipe syst em and to the metallic natural gas line. 5/8” x 10 ft copper clad ground rods may be used in lieu of the Ufer ground where no footing is available.
E. All connections shall be made with solderless connectors or molded fusion- welding process.
F. Equipment grounding conductors shall be insulated with a continuous green outer finish along its entire length. Conductors size #4 AWG and larger may be identified (with green electrical tape applied half-lapped) at each end and at every point where the conductor is accessible. Tape shall be applied from its point of entry to point of exit or termination.
G. Insulated grounded (neutral) conductors shall be identified with a continuous white outer finish along its entire length. Neutral conductors #4 AWG or larger can be identified by a distinctive white marking (applied half -lapped with white electrical tape) for the last 12 inches at each end.
3.06 Field Testing
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A. Perform Insulation Resistance (IR) "Megger" Testing per NETA Standards.
Submit test results. Provide testing for:
1. All feeders 100 Amps and higher.
2. Branch circuits 100 Amps and higher.
B. Each ground rod shall be tested. A ground rod which does not have a resistance to ground of 25 ohms or less shall be augmented by one additional ground rod at no less than 8 feet from each other.
3.07 Consultant to complete.
END OF SECTION
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WB 50 SCHOOL PARK SITE
12/07/2022
Section 31 10 00: Clearing and Grubbing
SECTION 31 10 00
CLEARING AND GRUBBING
PART 1 - GENERAL
1.01 General Requirements
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Supplemental Conditions shall be in addition to the standards provided herein.
1.02 Description
A. Preserve and protect existing site amenities to remain, including, but not limited to, trees, shrubs, underground utilities and other improvements as shown on the Plans. Protection of work shall include affected improvements on adjoining properties.
B. Scope of work includes: site preparation, removal of debris, staging of equipment and materials and securing the site for construction.
1.03 Related Work
A. Section 31 20 00: Earthwork
B. Section 01 57 23: Storm Water Pollution Control
1.04 Protection/Replacement
A. Prior to demolition, erect protective fencing a minimum of one foot (1’) beyond the canopy of all trees to remain. The radius of the canopy shall be measured from the longest branch furthest from the trunk . Refer to the environmental document for additional requirements for protective fencing on other existing natural features. For work within or near protected trees, a tree permit may be required.
B. If public use is to be maintained on unaffected portions of the project site, the Contractor shall be responsible for directing pedestrian and vehicular traffic safely around the construction zone. Utilization of temporary fencing, barricades, signage, etc . shall be the responsibility of the Contractor . Safe detours shall be available to the general public at all times during the course of construction.
C. Protection of existing site improvements shown to remain, including, but not limited to, fencing, signs, benches, picnic tables, play structures, shade structures, drinking fountains, concrete paving, concrete wall and curbs,
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decomposed granite paving, asphalt concrete paving, recreational site improvements, etc. are to be protected and preserved.
D. The Contractor shall be responsible for any damage to and maintenance of all existing street improvements, drainage facilities and irrigation systems and to re-establish these improvements to their original condition as soon as possible after completion of the work in the area, to the complete satisfaction of the Project Manager and Inspector . Realignments or modifications to the existing facilities as shown on the plans are accepted.
E. Survey monuments and markers either shown on the Plans or encountered during the course of construction shall be protected and preserved. The Contractor shall notify the Inspector upon discovery of an unmarked monument, at which time, arrangements for the relocation or adjustment of the monument will be determined. All costs associated with the relocation or adjustment of these monuments shall be the Contractor’s responsibility.
F. Burning or burying removed material on-site is prohibited.
G. Where the removal of specific material creates an open hole, pit, trench or other depression, the Contractor shall immediately backfill and compact the areas consistent with requirements outlined in Section 31 20 00 of these Specifications.
H. All items identified in the Plans to remain or identified in the field to remain, removed in error by the Contractor, shall be repaired or replaced to match in equal or better construction, at no cost to the City . The quality of the repair or replacement shall be measured as that existing at contract award.
PART 2 - PRODUCTS
Intentionally left blank.
PART 3 - EXECUTION
3.01 Pre-Construction Site Review
A. Contractor shall review existing site conditions with the Inspector prior to start of construction and document any conditions which adversely affect the satisfactory execution of the work and final acceptance of the project.
B. Commencement of work constitutes acceptance of existing conditions . The Contractor shall, at his expense, be responsible for correcting all unsatisfactory and defective work.
3.02 Clearing
A. Completely remove trees, shrubs, stumps, vines, rubbish/debris, undergrowth, deadwood, structures, and other elements identified to be removed and/or which interfere with the construction as shown on the Plans and as specified.
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B. Obtain verification from the Project Manager for non-identified items scheduled to be removed prior to actual removal.
3.03 Grubbing
A. Remove all stumps, roots, grasses and weeds in its entirety . Apply systemic weed killer. Confirm weed kill prior to removal.
B. Once surface material is removed, the Contractor shall stockpile the top twelve inches (12”) of topsoil for use during the final grading phase of work . This soil shall be free of rocks, debris, roots and other undesirable material.
3.04 Utilities
A. Contact USA Alert (800) 642- 2444 prior to commencement of any demoliti on or excavation work . Provide a minimum of 48 hours’ notice. Verify all utilities entering into and their locations within the project site.
B. Where utilities lie within the project site, but are not a part of the project, the Contractor shall cooperate with the agency or utility company having jurisdiction to maintain its use and the integrity of the structure.
C. Where utilities enter into the project site and taps, connections to or extensions of the utility are identified in the Plans, the Contractor shall coordinate all work with the agency or utility company having jurisdiction to minimize or eliminate disruption of use by the adjacent properties.
D. Verify that all utilities, shown to be removed on the Plans, are inactive and turned off prior to disconnection and/or re-routing, prior to demolition.
3.05 Debris Removal
A. All materials removed as a part of this contract shall become the property of the Contractor and shall be legally disposed of off-site, unless otherwise noted on the Plans.
B. Where a portion of a concrete slab, curb or wall and asphalt concrete paving or curb is to be removed, the concrete shall be cut with a concrete saw at a 90 degree angle so that the edge of the remaining concrete shall form a neat, straight line. Conform to the City of Roseville Design and Construction Standards, latest edition.
END OF SECTION
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FOR COUNCIL APPROVAL
NOT FOR CONSTRUCTION
WB 50 SCHOOL PARK SITE
12/07/2022
Section 31 20 00: Earthwork
SECTION 31 20 00
EARTHWORK
PART 1 - GENERAL
1.01 General Requirements
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Supplemental Conditions shall be in addition to the standards provided herein.
C. The standards set forth in the Caltrans Standard Specifications, latest edition, shall be in addition to the standards provided herein.
D. The requirements set forth by CAL OSHA shall be in addition to the standards provided herein.
1.02 Description
A. Provide all labor, operations and materials necessary for earthwork, including, but not limited to, staking and surveying, grading; excavating ; installation of facilities necessary to perform excavation and subsequent removal of such facilities upon completion of work; subgrade preparation; backfilling; and other incidental items necessary for a complete project.
B. This project is a balanced cut and fill project.
C. The intent of the grading plan is to provide positive drainage and to maintain slopes on walkways as required by the Americans with Disabilities Act and California Title 24 throughout the project site . The Project Manager shall be notified immediately of any discrepancies between the Plans and actual field conditions and/or conflicts between the design and code requirements.
1.03 Related Work
A. Section 31 10 00: Clearing and Grubbing
B. Section 33 00 00: Utilities
C. Section 32 84 00: Irrigation System
D. Section 32 90 00: Planting
E. Section 26 00 00: Site Electrical
F. Section 01 57 23 Storm Water Pollution Control
1.04 Quality Assurance
A. All work shall conform to local codes and regulations, including standards set forth in the Standard Specifications of the State of California, Business and
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Transportation Agency, Department of Transportation (Caltrans), Chapter 70 of the Uniform Building Code and ASTM.
B. Relative compaction shall be the in- place dry density of soil denoted as a percentage of the maximum dry density of the same material. This shall be as determined by ASTM 1557. The optimum moisture is measured by the water content which corresponds to the maximum dry density.
C. Upon discovery of unforeseen subsurface site conditions, the Contractor shall notify the Inspector immediately.
D. Upon discovery of hazardous materials, cease all activity and immediately contact the Fire Department.
1.05 Protection
A. Provide and install all supports, shoring, bracing, underpinning, sheet piling and other methods for the sides of excavations necessary for ensuring safe working conditions for the workmen and to protect adjacent improvements to remain.
B. Provide any and all protection measures necessary to ensure the protection of the workmen, the general public, including children and the project site. These protection requirements remain the Contractor’s sole responsibility throughout the duration of the project, including non-working hours.
C. Do not obstruct vehicular, bicycle or pedestrian thoroughfares, unless previously accepted by the City. Provide safe and adequate detours around the construction as required by City and State regulations.
D. Trenches shall be covered at all times when work directly associated with the trenches is not occurring, including non-work hours.
E. During the course of construction, the Contractor shall ensure that surface drainage does not create a nuisance onto adjacent properties.
1.06 Erosion Control Measures
A. Construction sites shall have required erosion and sediment control measures in place as required by the SWPPP . If construction is in progress, the Contractor shall ensure that the construction site is prepared prior to the onset of any storm. At a minimum, erosion control measures shall include:
1. Broadcast seed
2. Drainage area protection
3. Dust/mud control
4. Drain inlet filters
5. Silt fence and straw wattles
6. Slope protection
7. Straw bales
8. Silt controlling devices
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Section 31 20 00: Earthwork
PART 2 - PRODUCTS
2.01 Base Rock
A. Class 2 aggregate base per Caltrans Standard Specifications, latest edition.
2.02 Drain Rock
A. Drain rock shall be Class 2 permeable, washed, unbroken stone or gravel.
Material gradation shall conform to the following:
Sieve Size Percent Passing
1 inch 100
No. 4 20-50
No. 50 0-10
No. 200 0-5
2.03 Pea Gravel
A. Pea gravel shall be natural stone, free of clay, shale or organic matter, and shall conform to the following:
Sieve Size Percent Passing
3/8 inch 100
No. 4 47
No. 8 2
No. 16 1
2.04 Fill
A. Structural Fill shall conform to Caltrans Standard Specifications or the accepted site-specific geotechnical report generated for the project.
B. Fill for non-structural areas shall conform to the following standards:
1. Plasticity: ASTM D4318-84
2. Expansion Index: No greater than twenty (20)
3. Testing: UBC 29-9 and ASTM D422-72
4. Particle Size: No greater than one inch (1”)
2.05 Topsoil
A. The top eight to ten inches (8” – 10”) of native soil containing more than three percent (3%) organic material. Topsoil shall be free of rocks no larger than one inch (1”) in diameter, free from subsoil, roots, heavy or stiff clay, course sand, destructive seeds, noxious chemicals, brush, debris, litter and other undesirable materials.
B. For any import soil to be used in turf/planting areas, submit a soils analysis with soil amendment recommendations (for plant growth) for review and acceptance prior to placement on-site. Soils test information shall be as outlined in Section 32 90 00: Planting – 1.06.
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Section 31 20 00: Earthwork
2.06 Soil Sterilant
A. Sterilizer shall be standard, quick-acting, short-lived and non- selective weed and grass killer, commonly used under roadway/transportation projects .
Application of the sterilant shall pose no short or long term health threats to the installer or the general public. Submit analysis for approval prior to applying.
2.07 Sand
A. Granular, fine, free of organic matter, mica, loam or clay material.
PART 3 - EXECUTION
3.01 Construction Staking
A. The layout of all work shall be performed by a California State licensed land surveyor provided by the Contractor.
B. Notify the Inspector immediately of any discrepancies between actual field conditions and the Plans . Minor field adjustments may be necessary in order to fulfill the intent of the Plans.
C. Non-notification of discrepancies between actual field conditions and the Plans by the Contractor, in writing, shall indicate his acceptance of such field conditions. Adjustments/modifications to the construction to accommodate the inconsistencies (without notification) shall be at no additional cost to the City.
3.02 Excavation
A. All excavations shall be as noted on the Plans . Excavations shall include accommodation of base material.
B. Do not over -excavate. Excavations shall provide appropriate space to install shoring, bracing, formwork, etc, as needed to ensure the safe and proper construction of the work.
C. Take every precaution to prevent water from entering, softening, and undercutting excavated areas, including, pits, footings, trenches, etc.
D. Notify the Inspector immediately upon discovery of unsatisfactory soils materials or unforeseen site conditions. Excavation shall include the complete removal of the unsatisfactory material and its legal disposal thereof.
3.03 Site Grading
A. A grading permit is required to be obtained by the Contractor prior to commencing any earthwork.
B. Grading shall include adjacent transition areas, new elevations/contours as shown on the Plans . All subgrade areas shall be graded parallel to the finish grades and contours and shall be uniform in slope. Transition areas shall provide a smooth connection between new and existing grades and shall not create additional drainage or ponding onto adjoining properties.
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Section 31 20 00: Earthwork
C. Surface grades shall provide for positive drainage away from structures and footings, and shall be uniformly smooth throughout.
D. Rough grading shall:
1. Be graded to a tolerance of 0.10 feet, plus or minus for planted and turf areas.
2. Be graded with a tolerance less than .04’ from specified grade and cross section for subgrade in which pavement, curbs and other structural elements are to be placed immediately above.
3. Provide a subgrade surface free of exposed rocks, stones and boulders.
4. Provide a subgrade surface free of depressions, pits, etc., with proper backfill and compaction. See paragraph 3.04 below.
3.04 Placement of Fill Material
A. Prior to placement of fill material, the Contractor shall:
1. Obtain approval of the subgrade surface from the Inspector.
2. Scarify, dry and compact soft and/or wet areas.
3. Remove and replace unsuitable subgrade material to the satisfaction of the Inspector.
4. Take all necessary corrective action.
B. Do not use topsoil as fill or backfill material, unless otherwise accepted in writing.
C. Fill shall be placed in the following manner:
1. Accepted engineered fill material for structural slabs and areas to be paved shall be placed i n six -inch (6”) loose thickness, uniform layers over the entire area.
2. Fill material in planted areas shall be placed in twenty -four inch (24”) maximum loose thickness throughout the areas to receive fill.
D. Aerate or water each lift to obtain the required compaction rate indicated on the Plans. Thoroughly mix material to ensure proper moisture content for compaction. Repeat the operations until grades, as shown on the Plans, are obtained. Jetting of trenches shall be reviewed and accepted by the Inspector prior to performance of work.
E. Do not place fill when the subgrade is frozen, muddy or wet . Allow conditions to thaw and dry out before resuming operations.
F. Use hand tampers or vibrating compactors around foundations walls, retaining walls and other structural elements. Do not use large equipment in these areas and do not begin compaction operations until the bearing surfaces have reached its design strength.
G. Fill around existing trees to remain shall not exceed twelve inches (12”).
1. Minor fill (6” or less) shall utilize topsoil and shall be placed by hand. Do not cover crown of trunk. Feather grades to the extent possible.
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Section 31 20 00: Earthwork
2. Fills between 6” and 12” shall utilize 3/4” pea gravel on grade, placed up to three inches (3”) below finish grade. Apply topsoil, by hand, to meet finish grade elevations. Feather grades to the extent possible.
H. Construct mounds from on-site material. The core of the mound (1’ below finish elevations) shall be compacted to 90% . The top twelve inches (12”) shall be compacted to 85%. Place topsoil in the top twelve inches (12”).
I. Place topsoil in all turf and planting areas a minimum of twelve (12) inches deep.
See Section 31 10 00, 3.03-B: Clearing and Grubbing.
3.05 Trenching, Backfilling and Compacting
A. For trenches greater than five feet (5’) in depth, submit an OSHA permit related to the work.
B. All trenches shall be straight, true and cut vertical at 90 degrees to the surface plane.
C. For trenches through existing paved surfaces, use a concrete saw or other tool to achieve straight, clean lines . Replace paved surface to the same or better condition as existing prior to cut.
D. Do not over-excavate. Maintain bearing surfaces true, level and undisturbed to the extent possible.
E. Trenches shall be kept dry and frost-free. Do not allow standing water to collect.
F. Do not allow trenches to remain exposed at any time when work directly related is not occurring. Cover all trenches during non-work hours.
G. Bedding for all trenches to receive pipes shall be as follows:
1. Bedding material shall be consistent with the City of Roseville Design and Construction Standards, latest edition.
2. Pipe shall lie completely on bedding . Pipe fittings or joints shall not bear weight.
3. Bedding shall be uniform throughout the length of pipe.
H. Initial backfill for storm drains, sewer lines and electrical conduit shall conform the applicable City standard set forth by the Department having jurisdiction.
I. Backfill beyond the initial operations shall be native soil, placed in twelve- inch (12”) lifts. Compaction for trenched areas shall be 95% for parking lot, driveway and roadway areas; 90% for hardscape (i.e. walkways, picnic pads basketball and tennis courts); and 85% in areas to be planted. Place topsoil over trenches in planted areas . Upon completion, all trenches shall be filled flush with adjacent finish grades.
J. Compaction tests shall be required for trenched areas, hardscape areas and areas where fill over two feet in depth will be placed. The Inspector shall determine the number of tests and the locations . Re-tests shall be the Contractor’s responsibility.
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Section 31 20 00: Earthwork
K. Potholing shall be required in areas where existing utilities are indicated. Hand digging may be required.
3.06 Soil Sterilant
A. Soil sterilant shall be applied to areas where paving is to be installed. The worker applying the sterilant shall take every precaution to avoid overspray of sterilant onto areas to be planted. The sterilant shall be placed no further than six inches (6”) beyond the edge of pavement.
B. Soil sterilant shall not be applied in inclement weather and windy days.
3.07 Drainage Areas
A. All bare areas, regardless of slope, within 50 feet of natural drainages shall be covered with straw and pressed in place.
B. No grading or trenching, except as required for erosion or sediment control, shall occur within 35 feet from the centerline of perennial and intermittent drainage swales between October 5 and April 1 unless approved by the Engineering Division, as well as any other governmental agency which may have additional jurisdiction and/or requirements.
3.08 Dust/Mud Control
A. Adjacent Streets: Adjacent street frontages shall be swept at least once a day to remove silt and other dirt which is evident from construction activities.
B. Construction Vehicles: The Contractor is responsible for cleaning construction vehicles leaving the site on a daily basis to prevent dust, silt, mud and dirt from being released or tracked offsite. Adjacent streets shall be swept clean daily.
C. Grading Spoils: Dry stockpiles of soil shall be watered to prevent the generation of airborne dust. Trucks transporting dry soil shall be covered with tarpaulins.
D. Water: Water shall be sprayed on all exposed earth surfaces during clearing, grading, earth moving and other site preparation activities. The exposed earth shall be watered throughout the day to minimize dust . The Contractor shall obtain a hydrant permit from the Environmental Utilities Department.
E. Wind Allowances: Grading activities shall be restricted or halted when winds exceed 15 miles per hour as deemed necessary by the Public Works Inspector.
END OF SECTION
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Section 32 12 16: Asphalt Concrete Paving
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Section 32 15 40: Decomposed Granite Paving
SECTION 32 15 40
DECOMPOSED GRANITE PAVING
PART 1 - GENERAL
1.01 General Requirements
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Supplemental Conditions shall be in addition to the standards provided herein.
C. The standards set forth in the City of Roseville Design and Construction Standards and the City of Roseville Parks Construction Standards, latest editions, shall be in addition to the standards provided herein.
1.02 Description
A. Furnish all labor, materials and equipment for the complete installation of decomposed granite paving, including redwood headers as shown in the Plans and as specified herein.
1.03 References
A. Caltrans Standard Specifications, latest edition.
1.04 Submittals
A. Submittals for specified items are not required; however, submittals are required for any proposed substitutions or deviations from the Plans or Specifications. Additionally, submittals are required for the specific items listed below. The Contractor shall submit a materials summary sheet indicating which items will be installed as specified and which items are proposed for substitutions. The Contractor shall submit proof of order within ten (10) working days of the Notice to Proceed, indicating all specified materials have been ordered, noting “as specified” or “substitution proposed” . Submittals are required on the following items:
1. Decomposed granite material and binding material: provide a sample “brick” for review and approval.
PART 2 - PRODUCTS
2.01 Crushed Quarry Rock
A. Crushed rock, graded between #4 and #200 . Rock shall be high quality and well-graded.
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Section 32 15 40: Decomposed Granite Paving
B. Hastie’s Capitol Sand and Gravel, Roseville, CA (916) 989- 4600 or accepted equal.
2.02 Header
A. 1”x6”or2”x6” Redwood header board.
2.03 Binding Material
A. PolyPavement, Los Angeles, CA (323) 954-2240 or accepted equal.
PART 3 - EXECUTION
3.01 Preparation
A. Upon completion of grading operations, compact the subgrade at the required elevation to a relative compaction density of 95%, unless otherwise noted on the Plans.
B. Completely install redwood header as shown in the City of Roseville Parks Construction Standards.
C. No material shall be placed in muddy conditions, nor shall any material be placed during or immediately after inclement weather, i.e. rain storms, etc.
D. Submit samples of crushed rock to a PolyPavement Certified Lab to prepare a laboratory “brick” to confirm that the quarry material has sufficient fines for good binding.
3.02 Installation
A. Provide a 10’ by specified width test sample, to be approved prior to installation.
This sample shall be the basis of overall approval.
B. Thoroughly combine binder per manufacturer recommendations.
C. Spread crushed granite fine/binder material in two (2) one and one half inch (1- 1/2”) lifts (thickness after compaction).
D. Wet and roll each lift to form a uniform, smooth surface with a cross slope of 2%. Compact each lift to a 95% relative compaction density.
E. Upon completion of the final lift, fill any depressions, holes or divots and re- roll using the above process.
F. Provide a Certificate of Compliance verifying that the binder/stabilizer has been mixed per manufacturer’s recommendations.
3.03 Clean Up and Protection
A. Thoroughly clean all areas where work has occurred. Remove from site excess material, debris and rubbish.
B. Take all precautions to protect completed work . Immediately repair or replace all damaged areas due to tire ruts, erosion, compaction failure, etc.
END OF SECTION
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Section 32 31 13: Chain Link Fencing
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Section 32 32 19: Modular Concrete Retaining Walls
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Section 32 84 00: Irrigation System
SECTION 32 84 00
IRRIGATION SYSTEM
PART 1 - GENERAL
1.01 General Requirements
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Supplemental Conditions shall be in addition to the standards provided herein.
1.02 Description
A. Furnish all labor, materials and equipment for the complete installation of an automated irrigation system, including all necessary appurtenances for proper operation, noted or implied, as shown on the Plans and as specified herein.
B. Water usage, meter costs, connection fees, testing and other associated utility costs are considered direct costs and is the responsibility of the Contractor until the project is accepted.
C. Installation of the water meter shall be by the City.
1.03 Related Work
A. Section 32 90 00: Planting
B. Section 26 00 00: Site Electrical
1.04 Quality Assurance
A. All work shall comply with local and state laws, codes, regulations and requirements which govern any portion or all of the work contained in this Section. These include, but are not limited to, the latest editions of:
1. City of Roseville Park Construction Standards,
2. City of Roseville Design and Construction Standards,
3. City of Roseville Electric Department Standard Specifications,
4. Local, state and federal electrical codes, manuals and guidelines, and
5. Local, state and federal plumbing codes, manuals and guidelines.
1.05 Submittals
A. Submittals for specified items are not required for Parks or Streetscape projects, unless specifically listed below. However, submittals are required for any proposed substitutions or deviations from the parks Plans or Specifications. For Streetscapes, no substitutions will be accepted. The Contractor shall submit a materials summary sheet indicating which items will be installed as specified
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Section 32 84 00: Irrigation System
and which items are proposed for substitutions . The Contractor shall submit proof of order within ten (10) working days of the Notice to Proceed, indicating all specified materials have been ordered, noting “as specified” or “substitution proposed”. Submittals are required on the following items:
1. Controller, Flow Sensor(s), and Master Valve(s).
2. Filter (Recycled water)
3. Domestic Backflow Preventor for Irrigation
1.06 Explanation of Drawings
A. The drawings are diagrammatic and do not reflect all offsets, fittings and other miscellaneous items required for a complete and operable irrigation system. It shall be the Contractor’s responsibility to investigate all existing site conditions, become thoroughly familiar with the site, and provide all labor, materials and equipment required for the installation of the irrigation system.
B. Avoi d conflicts between other trades and the installation of the irrigation system.
Minor adjustments to avoid such conflicts shall be made in the field. Major discrepancies between actual field conditions and the Plans shall be brought to the attention of the Project Manager. The lack of notification shall indicate that the Contractor assumes full responsibility for any revision deemed necessary to ensure proper installation.
1.07 Product Delivery, Handling and Storage
A. All materials shall be delivered bearing manufacturer’s label with size, type and model number (if applicable) clearly marked.
B. All pipe shall be delivered in a vehicle which allows the material to lie flat without concentrated weight or stress at any point.
C. Unload all materials with care so as to avoid damage . Store materials in a covered area and do not expose PVC pipe to extreme sun or heat . Store pipe lying flat.
D. Do not install any material that has been damaged. Replace all material found to be damaged.
1.08 Record Drawings
A. The Contractor shall keep an accurate record of the as -built conditions of the irrigation system . These records shall be updated daily and kept at the construction site. At any time, the Inspector may examine the conditions of the “as-builts” to ensure compliance of the above.
B. Dimensions shall be recorded from two (2) permanent points of reference.
C. The City may at its discretion withhold progress payments to the Contractor if the as-built records are not updated to the satisfaction of the City.
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Section 32 84 00: Irrigation System
PART 2 - PRODUCTS
2.01 General
A. All materials specified shall be new, bearing the brand name, type, serial numbers and model number as shown on the Plans and as specified herein, unless otherwise accepted in writing.
2.02 Backfill Material
A. Backfill shall be clean, screened, on- site material, free from organic material, large clods of earth and/or rock larger than one (1) inch in diameter, trash, debris, rubbish, tree trunks, broken concrete or asphalt and other unacceptable material.
B. Material larger than one (1) inch shall be removed from sit e and legally disposed. All removal shall be the responsibility of the Contractor.
2.03 Meter
A. Meter shall be as shown on the Plans and as required by the City of Roseville Environmental Utilities Department.
2.04 B ackflow Prevention Device
A. Backflow Prevention Device shall be as shown on the Plans.
B. Cover shall be insulated, freeze- proof, removable and lockable, manufacturer and model per the City of Roseville Design and Construction Standards or accepted equal.
2.05 Filter (Recycled Water Only)
A. Amiad Filtration Systems, Manual Steel Filter, Red 130 micron filter element , match line size of recycled water meter, down to 2” minimum.
1. For 2” filters, use disc type element. For 3” and above, use mesh screen filter element.
2.06 Flow Sensor and Master Valve
A. Calsense Controllers:
1. Flow sensor shall be a Calsense Flow Meter (FM-B) featuring a proprietary, non-magnetic sensing mechanism and a six -bladed design. Flow sensor shall be accurate to +/ - 1% of full scale . Flow sensor body shall be constructed of bronze. Applications with high and low flows requiring a bypass manifold flow meter shall instead utilize Flomec QS200 Ultrasonic Flow Sensor.
2. Master valve(s) shall be Superior, 3300 series, normally open, electric globe valve, constructed of brass with dirty water protection and No Minimum Flow
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Section 32 84 00: Irrigation System
feature. For recycled water systems, include - RW Recycled Water designation with purple handle for identification.
3. Flow meters to be constructed consistent with the Calsense specifications.
4. Valve boxes for master valve and flow sensor shall be 18” (jumbo) green rectangular rigid plastic valve boxes with lockable lids and extensions by Carson Industries, LLC or accepted equal. Valve box lid shall be colored green in turf areas, tan in natural planter areas, and purple for recycled water applications.
2.07 Pipe
A. PVC Pressurized Mainline
1. For lines three inch (3”) or larger: polyvinyl chloride (PVC) 1120-1220, SDR 21, Class 200 rubber gasketed pipe, and NSF accepted per Standard No. 14, Type I, Grade I. Conform to:
Material ASTM
Pipe D1784, D2241
Rubber Gasket F477
2. For lines two and one half inches (2-1/2”) or smaller: Schedule 40 polyvinyl chloride (PVC) 1120-1220, and NSF accepted per Standard No. 14, Type I, Grade I. Conform to:
Material ASTM
Pipe D1784, D1785
B. PVC Non-Pressurized Lateral Lines
1. Schedule 40 polyvinyl chloride (PVC) 1120-1220, SDR 21.0, NSF accepted per Standard No. 14, Type 1, Grade II.
C. Recycled Water
1. Pipes shall meet the standards outlined in Sections 2.08 , A and B above, unless otherwise noted in the City of Roseville Design and Construction Standards for recycled water, latest edition.
2. All pipes containing recycled water shall be purple, NSF accepted and conform to the City of Roseville Design and Construction Standards, latest edition.
2.08 Fittings and Nipples
A. Fittings for Mainline Pipe:
1. For all control valves on mainlines three inches (3”) and larger, use painted, ductile iron saddle taps with double stainless steel straps and nuts Model #202 by Romac Industries, Inc. or accepted equal.
2. For all other connections on mainlines three inches (3”) and larger mainline pipe, use glued schedule 80 fittings.
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Section 32 84 00: Irrigation System
3. For all connections on mainlines two and one half inches (2-1/2”) or smaller, use glued schedule 40 fittings.
B. Fittings for Solvent Weld Pipe:
1. S chedule 40 for 2 ½” pipes or smaller and Schedule 80 for 3” pipe and larger polyvinyl chloride (PVC), standard weight, conforming to ASTM D2466- 73.
Use Schedule 80 for all recycled water systems.
2. Weld-on #P-70 primer and Weld-on #711 gray glue or accepted equal.
3. Teflon tape for all threaded PVC fittings.
C. Plastic Nipples shall be Schedule 80, Type 1, Grade 1, polyvinyl chloride (PVC), threaded at both ends, and conforming to ASTM D1784 - 85. Nipples shall be uniformly gray.
D. Fittings for Recycled Pipe:
1. Fittings shall meet the standards outlined in Sections 2.09, A, B and C above, unless otherwise noted in the City of Roseville Design and Construction Standards for recycled water, latest edition.
2.09 Swing Joints
A. Swings joints shall be as shown in the City Parks Construction Standard detail.
Schedule 40 threaded PVC triple swing joints or an accepted equal.
2.10 Electric Remote Control Valve
A. Sizes as shown on the Plans . All valves shall be Rainbird PEB series or accepted equal and shall contain the following:
1. a globe-type electric remote control, normally closed diaphragm type with slow opening and closing action,
2. encapsulated solenoid type actuation,
3. a minimum rating of twenty-four (24) volts,
4. sixty (60) cycle,
5. two to five (2-5) watts,
6. a manual flow adjustment with shut-off provisions,
7. provisions for an external “bleed” of the diaphragm chamber for manual operation.
8. a ball valve on the inlet.
9. Schedule 80 PVC threaded fittings from saddle tap to POC to valve.
B. Valve boxes shall be rectangular , rigid plastic valve boxes with lockable lids and extensions by Carson Industries, LLC or accepted equal . Valve box shall be sized appropriately to house entire valve assembly with space to accommodate maintenance access.
1. Boxes shall be colored green in potable applications , and purple for recycled water applications.
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Section 32 84 00: Irrigation System
2. Valve boxes used on recycled water systems shall be permanently colored purple through the manufacturer. Boxes painted purple will be rejected.
3. Label lids using heat branded identification, T:Turf, S:Shrubs, B:Bubblers C. Controller station identification number shall be standard yellow tags with permanent numbers by Christy or accepted equal.
2.11 Root Watering System
A. Provide pre-manufactured root watering system.
1. Pressure compensating bubbler. See irrigation sheets for flow rates.
2. C heck valve where applicable to prevent low head drainage.
3. Swing joint assembly
4. Locking grate top on semi-rigid mesh tube
5. Filter fabric sleeve
2.12 Irrigation Heads
A. All irrigation heads shall conform to type, size, precipitation rate, gallons per minute discharge, pressure and throw radius as shown on the Plans, unless otherwise accepted in writing.
B. In all available models, all irrigation heads shall have stainless steel risers, unless otherwise approved in writing.
C. For recycled water applications, irrigation heads shall be colored purple, have debris pocket, and wiper seals with 3 touch points.
D. Irrigation heads shall have built-in pressure regulation for pop up sprays and/or water-efficient heads.
E. Include built-in check valve where applicable to prevent low head drainage.
2.13 Thrust Blocks
A. All thrust blocks shall be concrete. The size of the blocks shall be determined by the average safe soil-bearing load of 700 lbs. per square foot.
B. Polyethylene sheeting at thrust blocks shall be 6mil.
2.14 Quick Coupler Valves
A. For potable water, quick coupling valves shall be Rainbird #44LRC or accepted equal. For recycled water, quick coupling valves shall be Rainbird #44NP lockable or accepted equal. All quick coupling valves shall be:
1. brass or bronze with one (1) IPS female pipe connection,
2. two piece body with a removable upper portion (for replacement), and
3. durable yellow covers for potable and purple for recycled.
B. Valve keys shall be brass or bronze and shall be of the same manufacturer and size as the valve.
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Section 32 84 00: Irrigation System
C. Valve box shall be rigid plastic, a minimum of ten inches (10”) in diameter with lockable cover by Carson Industries, LLC or accepted equal . Boxes shall be colored green in potable applications, and purple for recycled water applications.
D. Where recycled water is used, conform to the City of Roseville Design and Construction Standards.
2.15 Manual Valves
A. For pipe four inches (4”) and larger gate valves shall be:
1. located where shown on the Plans,
2. flanged with Class 125 cast iron body,
3. bronze trimmed with a non-rising stem,
4. square operating nut,
5. able to withstand a cold water pressure of 150 pounds per square inch, and
6. sized to match the pipeline which the valves serve, unless otherwise shown on the Plans.
B. For pipe three inches (3”) or smaller and on pipes which feed directly into a remote control valve, ball valves shall be installed and shall:
1. allow for manual operations,
2. rapid on/off , drip-tight shut-off control,
3. be constructed of bronze or brass with heavy-duty handle,
4. operate up to 22 gallons per minute,
5. operate between 15 and 150 pounds per square inch, and
6. be sized to match the pipeline which the valves serve, unless otherwise shown on the Plans.
C. Valve box shall be rigid plastic, a minimum of ten inches (10”) in diameter with extensions and lockable cover by Carson Industries, LLC, as shown on the Plans or accepted equal. Boxes shall be colored green in potable applications, and purple for recycled water applications.
2.16 Automatic Irrigation Controller
A. Automatic controllers shall be Calsense CS3000 or accepted equal . Each controller shall include:
1. CS3-LR – Calsense Local Radio,
2. FM-B – Flow Meter (Brass),
3. CS3-SS1 or CS3-SS1-D – Stainless Steel Enclosure with:
a) CS3000 Transient Protection
b) TP-110 – AC Line Protection,
c) LR-STUBBY – Antennae w/2ft cable
d) On/Off Switch
e) GFI electrical outlet inside enclosure.
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When multiple controllers are used, include:
1. CS3-FL – Flowsense software (for multiple controllers sharing POC and/or communications)
2. CS3-MSSE-KIT or CS3-SR-KIT – Hardwire or SR radio,
When multiple flow sensors are used, include:
6. CS3-2WIRE-OPT & CS-2W-POC (one per POC) – Additional Flow Meter interface.
B. Communication wire between controllers shall be Paige Cable P7171D or accepted equal.
2.17 Control Wires
A. Direct burial solid copper wire AWG-U.F. 600 volt.
B. Common wire and two spare wires shall be minimum #12-gauge.
C. Pilot wires shall be red, minimum #14-gauge. Wire gauge shall be, at minimum:
Wire Gauge #14 #12 #10 #8
Max. Distance (ft.) 2,500 3,250 4,000 4,800
D. Splices:
1. Wire connections at remote control valves only shall utilize 3M direct bury splice kit model #DBY (yellow) or model #DBR (red).
2. All other splices, including line splices, connections to flow meters and other sensors, shall utilize 3M Scotchcast 3570G Connector Sealing Packs, no known equal.
E. Wiring colors shall be:
USE COLOR
Flow Yellow
Master Blue
Pump Black
Valves Red
Common White
Spare Orange
Tracer Green
2.18 Sleeves
A. Schedule 40 PVC 1120- 1220 and two times the diameter of the pipe to be accommodated by the sleeve, one (1) for control wires and one (1) for main line, and one (1) for lateral lines.
B. Maximum one (1) line per sleeve.
C. Add one (1) spare, same size as largest.
2.19 Tracer Wire
A. Insulated solid copper wire, minimum #12 gauge. Color shall be green.
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Section 32 84 00: Irrigation System
PART 3 - EXECUTION
3.01 Site Conditions
A. Prior to start of irrigation work, review the site conditions to verify that stub- outs, points of connections, sizes of the points of connections, water pressure and other essential items necessary for irrigation work to commence are as shown on the Plans and as indicated in the Specifications.
B. Notify the Inspector immediately of any existing conditions which are unacceptable for the commencement of irrigation work.
3.02 Coordination of Work
A. Coordinate all work with other trades.
B. The irrigation plan is diagrammatic . Whenever possible, locate all pipes in planted or turf areas. Do not scale off of the Plans. Where field conditions have changed, notify the Inspector immediately.
3.03 Excavation and Trenching
A. Trenches shall be dug straight and in such a manner as to completely support the pipe continuously along the bottom of the trench. In rocky conditions, over- excavation and placement of clean bedding material may be required to ensure protruding rocks do not place undue stress on pipes. Trench layout shall follow that shown on the Plans, except where accepted by the City.
B. The following minimum cover shall be provided for pipe:
Pipe Type Minimum Cover
Pressurized Mainlines 24”
Non- Pressurized Lateral Lines 18”
Domestic Water Lines 24”
Control wires 24”
PVC Sleeves under Paving 18”
PVC Sleeves under Auto X-ings 24”
C. Install detection wire, looped in and out of valve boxes and attached to all irrigation mainlines.
D. High voltage wires shall not be installed in the same irrigation water line trench.
3.04 Testing and Flushing
A. Pressure Testing shall occur only when the following conditions can be fulfilled:
Item Description Condition
Quick coupler valves Installed and capped
Electric remote control valves Installed
Flow valve Installed and open
Ball/Gate valves Installed and open
Lateral lines Disconnected
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Welded PVC joints Cured at least 24 hours
Pipe Center loaded with backfill
Concrete Thrust Blocks Installed and cured at least 48 hours Couplings and fittings Exposed
Detection wire Installed
B. A pressure gauge shall be installed at the lowest point of the line. Continuous pressure shall be applied at a rate of 125 psi for all mainlines . The pressure shall remain stable for a minimum of two hours with no detectable leakage .
Upon completion of the test, a complete examination of the line shall be conducted by the City. Leaks resulting from the test shall be repaired and the line shall be re-tested. This process shall be repeated until the line passes the leakage test.
C. All lines and risers shall be flushed prior to final installation of irrigation heads.
All control valves shall be left open during the flushing process.
3.05 Backfilling and Compa cting
A. Backfilling of trenches shall not occur until all tests and reviews have been performed. See inspection record contained in the Parks Construction Standards, latest edition. Any trench that is prematurely backfilled may be required to be re-dug for review.
B. Compaction of the trenched areas shall meet the following compaction rates of 95% in areas to receive paving and 85% in areas to be planted.
C. Do not flood trenches unless otherwise accepted by the City.
D. Sunken trenches shall be re-finished flush with the adjacent grades.
3.06 Backflow Prevention Device and Enclosure
A. Install per local codes and manufacturer’s instructions.
B. When the flow meter is installed above grade, install a backflow prevention device enclosure with lockable gate.
3.07 Flow Meter Installation
A. Install per local codes and manufacturer’s instructions.
B. All flow meters shall be installed in ground.
C. Install 3/4" conduit from irrigation controller to flow meter valve box. Install a pull box every 100’.
D. Valve box lids shall be permanently marked identifying FM for flow meter and MV for master valve and GR for grounding rod with heat branding using stencils in a uniform location on all boxes throughout.
3.08 Pipe Installation
A. Install irrigation pipe in planted areas whenever possible.
B. All pipe and fittings shall be cleaned and free from dirt, dust and moisture.
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Section 32 84 00: Irrigation System
C. Pipe may be assembled along the trench at grade to avoid undue strain on the pipe or the fittings. All solvent weld connections shall be primed before applying glue. Snake the pipe within the trench to compensate for expansion and contraction.
D. All PVC pipe and metal valve connections shall be made with threaded fittings consistent with drawings PK -15 and PK -16 of the City of Roseville Parks Construction Standards.
E. All PVC-to-PVC threaded connections shall be made with Teflon tape.
F. Install concrete thrust blocks in locations where rubber gasketed irrigation mainlines change directions, e.g. ells, tees; as required on other lines and fittings; and at the termination point of the mainline. Do not conduct a pressure test within 48 hours of the thrust block pours. The size of the thrust blocks shall be per manufacturer’s instructions and shall be adequate in size to absorb thrusts up to the maximum internal water pressure. Refer to 3.18 Thrust Blocks.
G. Use glued fittings for all connections inside of a sleeve and within 20’ of a sleeve.
3.09 Electric Remote Control Valves
A. Install per local codes, manufacturer’s instructions, City of Roseville Design and Construction Standards and as shown on the Plans.
B. Inst all one (1) electric remote control valve per box and whenever possible, group valve boxes together. Align boxes in a straight and neat row and flush to finish grade. Provide a minimum of six (6) inches between boxes.
C. All valves shall be tagged for easy identification of valve number. Valve box lids shall be permanently marked identifying valve number and controller letter with heat branding using stencils in a uniform location on all boxes throughout.
D. Each valve shall be separately saddle tapped. Manifolded valves shall be rejected.
E. Locate valve boxes outside of turf areas, adjacent to paving, i.e . sidewalks, hardscape, etc. except where shown on the Plans.
F. Provide a minimum of eighteen (18) inches of a complete set of spare control wires, looped, within all control valve boxes.
3.10 Irrigation Heads
A. Install all heads where shown on the Plans and as specified herein.
B. Turf rotary pop- up heads shall be placed two (2) inches from any edge of adjacent walkway, concrete mow band, concrete curb, header board or other hardscape edging, or as required by current WELO regulations.
C. Rotary pop-up heads shall be installed flush with the top of finish grades of turf or planting areas.
D. Sprinkler head riser nipples sizes shall match or be the same as the riser opening of the sprinkler body.
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E. Install sprinkler heads with internal check valves where heads are located in low drainage areas, i.e. bottom of berms, bottom of drainage swales, toe of slopes, etc.
F. Install all heads perpendicular to ground surface with an offset fr om the edge of pavement as indicated in the details.
3.11 Quick Coupler and Gate Valves
A. Install per local codes and manufacturer’s instructions.
B. Locate valve boxes flush with finish grade, twelve (12) inches from walkways, curbs, header boards, etc., and within planted area whenever possible.
C. Install one (1) valve per box.
D. For quick coupler valves, install at 100 feet on center to the extent possible.
Provide a 24” steel support staked adjacent to the riser using two (2) stainless steel clamps.
E. For gate valves, install at locations indicated on the Plans.
F. For valve boxes installed below grade, provide 3M ball markers.
G. Valve box lids shall be permanently marked identifying GV for gate valve and QC for quick couplers, and SB for splice boxes with heat branding usin g stencils in a uniform location on all boxes throughout.
3.12 Automatic Controller
A. Install per local codes and manufacturer’s instructions within the specified enclosure.
B. Provide single Paige Cable P-7171D installed in conduit between all controllers.
C. Provide all necessary wiring for a complete installation between the controller and the valves.
D. Above grade wiring shall be installed in metal conduit, unless otherwise accepted. Securely mount conduit onto enclosure or wall and paint to match the adjacent surface.
E. Provide a grounding rod and bonding for each enclosure as required for lightning protection. Grounding rod shall be consistent with drawing PK-1 of the City of Roseville Parks Construction Standards. Install separate grounding rods for each enclosure where bonding is impractical.
F. Label each controller, using permanent markings, with the letter identification indicated on the Plans. Affix label on the inside of the controller cabinet door.
G. Install 110V outlet (GFIC) inside controller enclosure.
H. Provide two (2) reduced as-built irrigation diagrams, laminated and color- coded indicating controller letter, valve/station numbers, valve size, operating pressure, gallons per minute and type of planting for each valve. See Section 01 10 00: Summary of Work 1.15B.
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Section 32 84 00: Irrigation System
I. Ground test to be conducted after installation. Test results shall not exceed 25 ohms.
3.13 Control Wires
A. Wherever possible, install control wires in common trenches with mainline. The wires shall be taped in bundles at ten (10) feet on center and laid to the side of the pipe. Provide slack between ties to allow for contraction.
B. Wire valve to controller as shown on the plans.
C. Where runs are long, provide an extra three (3) feet of extra ground and control wires looped at 200’ intervals . Snake wires within trenches to allow for contraction.
D. Line splices shall occur in valve boxes at grade, label and allowed only on lengths greater than 2500’. Show locations on as-built plans.
E. Do not wrap wire around pipe or allow any wiring to be placed in concrete or concrete thrust blocks.
F. Install two (2) spare wires starting from the controller, looped to each valve box to the furthest valve box, without splices.
3.14 Tracer Wire
A. Install tracer wire on top of the mainline.
B. Provide a twelve-inch (12”) loop in and out of each valve box. Solder all splices.
C. Where potable water lines are placed in a separate trench, install a tracer wire on top of the potable water line.
D. Tracer wire shall be tested during review and pressure test of the mainline.
3.15 Sleeves
A. Install sleeves under all pavement and as shown on the Plans.
B. Install sleeves at the depths indicated in Section 3.03B above.
C. Extend sleeves a minimum of twelve (12) inches beyond the edge of pavement.
D. At every sleeve location installed in roadways, provide a spare P VC sleeve capped at each end and marked with a 3M ball marker.
3.16 Thrust Blocks
A. Install polyethylene sheeting between mainline and concrete.
B. T hrust blocks shall be formed against a solid trench wall. The thrust block cavity shall be in undisturbed soil or previously placed compacted backfill that yields an acceptable allowable bearing pressure.
C. Concrete thrust blocks shall not be poured on valve wires.
3.17 Cross Connection Test ing for Recycled Water Systems A. The Recycled Water System shall be tested for cross connection in accordance with Uniform Plumbing Code Appendix J prior to use.
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B. All testing of Recycled Water Systems must be performed utilizing a potable water source via a construction water connection per City of Roseville Construction Standards. No Recycled Water may enter a Recycled Water System until all testing is successfully completed.
C. At the time a cross connection test is to be performed, construction on both the Potable and Recycled Water Systems being tested must be complete and both systems fully operational and functioning as designed.
D. Cross connection testing shall be performed in the system by City forces with the assistance of the contractor. The test must be coordinated through the Parks Department Inspector. Forty -eight (48) hours’ notice is required before the test. Depending on complexity of the site, a preliminary field meet may be required.
3.18 Coverage Test
A. Prior to planting, the Contractor shall perform a coverage test to confirm that water coverage is complete and adequate, and produces no overspray onto hardscapes. Irrigation pressure readings at the head or emission device may also be taken as part of the coverage test to confirm adequate system hydraulics.
B. The coverage test shall be performed on the entire irrigation system and shall be performed in the presence of the Parks Inspector . The irrigation syst em must be connected to the City water system through the water meter.
Temporary connections are not allowed. On recycled water systems, the coverage test shall take place only after successful completion of the cross - connection test, with the recycled water meter in place.
C. On Park projects containing turf, a comprehensive survey of the Distribution Uniformity (Low Quarter) of each irrigation zone containing turf shall be performed by a third- party, certified irrigation auditor prior to planting of turf.
The irrigation system must be 100% complete, including functionality of the irrigation controller and booster pump, if present. The irrigation auditor shall prepare and submit a report listing each zone’s Distribution Uniformity , including actual mapping data of individual catch cans recorded on irrigation plan sheets , and noting any potential deficiencies in the system leading to any inadequate findings. Reported deficiencies in Distribution Uniformity will be evaluated by the Project Manager and may require corrective measures prior to approval of turf planting. Deficiencies caused by improper installation shall be corrected at no additional cost to City.
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Section 32 84 00: Irrigation System
3.19 Irrigation Audit
A. A landscape irrigation audit shall be performed after all landscape and irrigation is installed . The irr igation system must be 100% complete, including functionality of the irrigation controller and booster pump, if present.
B. All landscape irrigation audits shall be conducted by a third party certified landscape irrigation auditor. Landscape audits shall not be conducted by the person who designed the landscape or installed the landscape.
C. The water audit shall conform to the specific water audit requirements of the City of Roseville Environmental Utilities Department, and any supplemental requirements from the City of Roseville Parks, Recreation & Libraries Department. The contractor shall submit a comprehensive landscape irrigation audit. This shall include, but is not limited to:
1. A completed Irrigation Audit Report-(City of Roseville provided forms only)
2. Complete system evaluation, including site conditions, system and flow data.
3. Scheduling parameters used to set the irrigation controller.
4. An Irrigation schedule for the landscape provided to the owner.
D. A minimum of 25% of all zones shall be audited. The 25% minimum shall be a representative sample of each irrigation method present (i.e. Rotors, bubblers, rotary nozzles, drip, etc.), and is in addition to any turf zones audited during the coverage test.
E. Any deficiencies noted in the audit report such as, but not limited to, run- off, overspray, obstruction of spray patterns, etc., shall be corrected and signed off as such by the original irrigation auditor prior to submission of the report. Do not submit audit reports with uncorrected deficiencies.
3.20 Clean Up
A. Each phase of work shall be immediately cleaned up. Excess equipment, material, etc., shall be legally disposed of and removed from site. All concrete, asphalt and/or decomposed granite paving shall be kept free of soil . Damage to such surfaces shall be immediately repaired to the satisfaction of the City.
PART 4 - GUARANTEE
4.01 General
A. Contractor shall provide a written guarantee covering all materials, equipment and workmanship furnished by him to be free of all defects after installation is accepted, including all defective parts that may have been found.
B. All paved areas shall be swept clean and planted areas shall be weed-free.
C. All irrigation heads shall be properly adjusted. Debris and refuse shall be removed from site prior to inspection.
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4.02 Pre-Final (Punch List) Review
A. See Section 01 10 00 1.16 - Summary of Work for notification process.
4.03 Establishment
A. Full automated utilization of the irrigation system shall be included as part of the maintenance of the project. See Section 329000: Planting for additional information.
B. Program and utilize the establishment schedule as submitted with the turn- in items.
C. Contractor to run the system in “quantity” mode or “time plus flow” for a minimum of one (1) week.
D. Check the irrigation system weekly to ensure proper operations. Make all necessary adjustments, including watering schedule to ensure proper and healthy plant growth. At no time shall pools of water be present within any part of the project. Conversely, at no point shall dry or under -watered spots be visible upon inspection. Improper irrigation management resulting in flooding or dry conditions to the detriment of plant material may constitute an extension of the establishment period, at no additional cost to the City.
4.04 Final Review
A. The Contractor shall demonstrate to the City, valve by valve, the entire irrigation system to be operable. All heads shall be adjusted/flushed and all drip zones shall be flushed prior to the on-site review. Any item requiring adjustments shall be completed immediately and to the satisfaction of the City.
B. Provide necessary training to City staff in the proper operations and maintenance of the booster pump.
C. The date of final acceptance by the City Council or the recordation of the property transfer shall signify the start date of the warranty period. Final acceptance shall include the project in total and will not segregate any specific item or trade included in the construction of the project.
END OF SECTION
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Section 32 90 00: Planting
SECTION 32 90 00
PLANTING
PART 1 - GENERAL
1.01 General Requirements
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Supplemental Conditions shall be in addition to the standards provided herein.
1.02 Description
A. Furnish all labor, materials and equipment for the complete installation of landscape items, including all trees, shrubs, groundcovers and turf; maintenance for the establishment of new plant materials; and all necessary appurtenances for proper planting, noted or implied, as shown on the Plans and as specified herein.
1.03 Related Work
A. Section 31 20 00: Earthwork
B. Section 32 84 00: Irrigation System
1.04 Quality Assurance
A. Provide an experienced foreman who shall directly supervise the work force during all work to be performed under this contract . The foreman shall be present during the time when work is to be performed.
B. Plant material shall conform to current “American Standards for Nursery Stock” and the State of California Grading Code of Nursery Stock, No. 1 grade. Use only nursery-grown stock.
C. All plant material shall be certified free of plant diseases and insect infestations from the County Agricultural Commissioner as required by law. Each shipment of plant material shall be required to have clearance certificates.
D. Prior to planting, a soils fertility test/analysis shall be conducted by an accepted and qualified testing laboratory . Test results shall contain existing nutrient levels, soil texture, cation exchange capacity, soluble salts, pH levels, infiltration rates and recommended soil amendments/fertil izers to ensure proper growth of the specified plantings.
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1.05 Submittals
A. Submittals for specified items are not required; however, submittals are required for any proposed substitutions or deviations from the Plans or Specifications. Additionally, submittals are required for the specific items listed below. The Contractor shall submit a materials summary sheet indicating which items will be installed as specified and which items are proposed for substitutions. The Contractor shall submit proof of order within ten (10) working days of the Notice to Proceed, indicating all specified materials have been ordered, noting “as specified” or “substitution proposed”. Submittals are required on the following items:
1. Bark mulch and Rock mulch material
2. Certificates of compliance for turf seed mix, soil amendments, fertilizers and hydroseed mix,
3. Sod-grown turf,
4. Soils test with soil amendment recommendations.
5. Trees
a) Submit for approval, plant sources including the names of nurseries proposed as sources of acceptable trees, and a list of the trees they will provide. The plant list shall include the botanical and common name and the size at the time of selection, including basal caliper and height. b) Submit all requests for substitutions of plant species or size for approval.
Request for substitution shall be accompanied with a list of nurseries contacted in the search for the required plant and a record of other attempts to locate the required material. Requests shall also include sources of plants found that may be of a smaller or larger size, or a different shape or habit than specified, or plants of the same genus and species but different cultivar origin, or which may otherwise not meet the requirements of the specifications, but which may be available for substitution.
1.06 Soil Testing
A. Native soil and in- place topsoil shall be tested for amendment determination.
Soil Tests shall include soil texture, macro nutrients, micro nutrients, lime, base saturation, pH, sodium, boron, salinity, Cation Exchange Capacity (CEC), and Organic content.
B. Submit soils report for review and approval after completion of grading operations. Soil Testing shall be performed by an agriculture- based lab, with detailed, written recommendations for soil amendments and fertilizers specific to ornamental landscape plants and turf.
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Section 32 90 00: Planting
1.07 Product Delivery, Handling and Storage
A. All materials shall be delivered bearing nursery label with botanical, common names, including cultivars.
B. Carefully handle plant material to ensure that limbs are not broken during the planting or storage of the material.
C. Store plant material in a covered area on-site, protected from inclement or hot weather on- site. Keep root balls moist by frequent watering (during hot weather) of all accepted stock until such time as planting occurs.
1.08 Inspection of Plant Material
A. Notify the Project Manager a minimum of 48 hours prior to date of delivery. All plant material is subject to inspection at the time of delivery. A sample number of plants will be inspected for the following items:
If the sample.... then the plant shall be...
is healthy, shapely and well rooted accepted.
bears a strong central leader accepted.
is wilted, wind-blown or sunburned rejected.
is root-bound, restricted or deformed rejected.
does not bear a strong central leader or
has been severely pruned back
rejected.
B. Stock to be consistent with CALFIRE Nursery/Tree Quality Cue card and Root Management Cue Card. Inspect or may require contractor to remove tree or plant stock from plant containers to examine roots.
C. 15 gal tree needs to have at least 1” in basal caliper, a 24” box tree needs to have at least 2” in basal caliper, a 36” box tree needs to have at least 3” in basal caliper. Basal caliper is measured as 6” above the ground.
D. Based on the sample inspection, the Project Manager or Inspector reserves the right to reject any or all of the plant material delivered. All rejected plant material shall be immediately disposed of off-site.
1.09 Record Drawings
A. The Contractor shall keep an accurate record of the as -built conditions of the landscaping. These records shall be updated daily and kept at the construction site. At any time, the Inspector may examine the conditions of the “as-builts” to ensure compliance of the above.
PART 2 - PRODUCTS
2.01 Plants
A. The material to be planted shall conform to that indicated on the plans, unless otherwise accepted. The quantity shown on the Plans is approximate and is
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Section 32 90 00: Planting
furnished for conveni ence only . Verify all quantities prior to ordering plant material.
2.02 Turf
A. Turf shall be seed.
B. Seed –
1. 98% pure, weed-free mixture with a minimum of 95% germination. Deliver on-site unopened and in the original containers.
2. 100% Turf Saver RTF (Rhizomatous Tall Fescue) by Barenbrug or accepted equal.
3. Rhyzome – Active Tall Fescue Blend by Pacific Coast Seed or accepted equal:
34% Traverse Turf-type Tall Fescue
33% 3rd Millennium Turf-type Tall Fescue
33% Rhambler Turf-type Tall Fescue
4. Turf seed mix shall be Blue tag certified.
.
C. Seed / Sod must be submitted and accepted by the Project Manager prior to ordering.
2.03 Soil Amendment
A. As recommended by soils test report.
2.04 Mulch
A. Regular “Walk -on” fir bark as manufactured by Redi -Gro Corporation, Sacramento, CA (916) 381- 6063, Mallard Creek, Inc, Rocklin, CA (916) 645- 1681, My Bark Company, Inc., Linden, CA (209) 649-4250 or accepted equal.
B. Decorative bark, shredded lumber or saw dust, and construction debris are not permitted. The mulch must be free of needles.
C. Rock mluch shall be River Rock as manufactured by Hastie’s Capitol Sand and Gravel, Roseville, CA (916) 772-7900 or accepted equal.
2.05 Topsoil
A. Stockpiled, on-site material.
B. Perform a soils test for all imported soil. Soil test shall comply with Section 1.06.
Submit soils report for review and approval prior to import activities.
2.06 Pre- and Post- Emergent Herbicide
A. Clean, and non-staining. Consult with a pesticide specialist.
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Section 32 90 00: Planting
2.07 Tree Stakes and Ties
A. Trees furnished in #15 nursery containers require 2” diameter stakes. Trees less than 8' in height require an 8' stake; trees 8' or greater in height require a 10' stake. Stakes shall be pine or douglas fir (pressure or non-pressure treated).
B. Trees furnished in 24” boxes or larger require 3” diameter by 10’ long stakes.
Stakes shall be, pine or douglas fir (pressure or non-pressure treated).
C. Tree ties should be cut in length out of flat woven polypropylene material, 3/4 inch wide, and 900 lb. break strength. Color to be Green. Product to be ArborTie manufactured by Deep Root Partners, L.P. or approved equal.
D. Tree guying to be flat woven polypropylene material, 3/4 inch wide, and 900 lb. break strength. Color to be Green. Product to be ArborTie manufactured by Deep Root Partners, L.P. or approved equal.
2.08 Native Broadcast Seed
A. Where required, broadcast seed shall be applied as follows:
1. Wildflowers (addition to seed mix(es) above, if specified) Clarkia amoena (Farewell to Spring) 0.5 lbs/acre
Eschscholzia caljfornica (California Poppy) 2.0 lbs/acre Lupinus nanus {Sky Lupine) 3.5 lbs/acre
Nemophila menziesii (Baby Blue Eyes) 1.5 lbs/acre
Lasthenia californica (Common Goldfields) 1.5 lbs/acre
B. Areas with sandy, dry soil shall receive: Zorro Annual Fescue 6 lbs/acre, Rose Clover 9 lbs/acre
C. A fertilizer consisting of 15- 15-15 shall be applied at a rate of one half pound per 1,000 square feet . Fertilizer shall be Natural -based, slow release, and balanced in N, P, & K.
D. Seed for creek banks shall conform to the latest requirements of the California Department of Fish and Game.
PART 3 - EXECUTION
3.01 Site Preparations
A. Prior to start of landscaping work, review the site conditions to verify that final grades have been established, plant/turf beds are weed free, and the irrigation system is operational as shown on the Plans and as indicated in the Specifications.
B. For landscaping within all street right -of-ways, conduct a soils analysis test of the existing soils and remove all lime- treated soils, aggregate base or other non-organic material to a minimum depth of two feet before planting or irrigation
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installation. Import topsoil to bring the finish grade to specified grades. Submit the soils analysis test results of the imported material prior to import.
C. Notify the Inspector immediately of any existing conditions which are unacceptable for the commencement of landscaping work.
3.02 Coordination of Work
A. Coordinate all work with other trades.
3.03 Preparation of Planting and Turf Areas
A. Upon completion of grading and underground activity, Contractor shall obtain a soils test as outlined in 1.06.
B. Place stockpiled topsoil in all areas to receive planting or turf to a minimum depth of twelve inches (12”).
C. Rip topsoil surface in two directions to a minimum depth of twelve inches (12”).
D. Spread soil amendments at the rates indicated in the soils report.
E. Rototill amendments to recommended depths . Till amendments to a depth of 6” or as recommended by soils report.
F. Remove all rock and debris which are greater than ½ inch in areas to be turfed and one inch (1”) in areas to be planted.
G. All planted and turf areas to be smooth and uniform in grade as shown on the Plans.
H. Planting areas to be sloped to drain as shown on the Plans.
3.04 Storage of Plants and Trees
A. Protect materials from deterioration during delivery and storage. Adequately protect plants from drying out, exposure of roots to sun, wind or extremes of heat and cold temperatures. If planting is delayed more than 24 hours after delivery, set plants in a location protected from sun and wind. Provide adequate water to the root ball package during the shipping and storage period, including weekends and Holidays.
B. Soil moisture shall be m aintained above wilting point and below field capacity for the root ball substrate or soil.
C. All plant materials must be available for observation prior to planting. Any plants determined to damaged or distressed due to improper watering may be rejected by inspector and shall be replaced at no cost to City.
3.05 Plant Installation
A. Tree and Shrub Planting
1. Remove only those plants which will be planted the same day . Place such plants in the proposed locations for review and accepted by the City prior to
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actual planting. Notify the Inspector a minimum of 48 hours prior to day of planting.
2. Dig planting pits as shown on the Plans and as shown in the Parks Construction Standards . Scarify the sides and bottom of pit to prevent glazing. Fill pit completely with water and allow the water to completely drain from the pit prior to actual planting.
3. Relocate any plantings taller than 6” in height that fall in front of any irrigation head in order to ensure proper coverage of the irrigation system.
4. For pits that retain water, completely penetrate the hardpan layer at the bottom of the pit and backfill with topsoil. Fill pit with water to test and ensure proper drainage.
5. Prior to tree planting a central leader needs to be established by structural pruning, as necessary . C odominant leaders need to be removed or suppressed by structural pruning. Refer to the CALFIRE "Tree Training", "Tree Planting", and "Tree Quality" cue cards and "Tree and Plant Root Management Standard and Quality Expectations" contained in Section 5 of these Standards.
6. Plants shall be removed from their containers only at the time of placement within the plant pit. Perform root pruning on all four sides of the root ball by shaving and cutting away the root bal l periphery to reduce the amount of circling roots. Starting from the top and then cutting/slicing down to the bottom of the root ball. On a 15 gal container at least 1- 1.5 inches of the root ball periphery needs to be removed by slicing or shaving. On a 24” and 36”box tree at least 2 inches of the root ball periphery needs to be removed by slicing or shaving. A sharp hand pruning saw needs to be used for the slicing or shaving of the root ball. Refer to the CALFIRE "Root Management" cue card contained in Section 5 of these Standards. This process wil l remove many girdling and circling roots deflected by the container wall and allows for root penetration within the planting basin. Spread all roots to the side to allow proper root development. Add native backfill and amendments as shown in the Parks Construction Standards and as recommended by the soils testing laboratory.
7. Plant tree at least three inches (2”) above grade on mount to prevent bowl effect. The tree’s beginning root flare must be located at top of grade with installed sod.
8. Carefully place plant into the plant pit without damaging the root ball. Water the backfill until saturated. For trees, water in by hand after planting using at least ten (10) gallons of water, minimum.
9. Construct berm and place tree stakes and install mulch per the Par ks Construction Standards. Mulch is required for trees within the turf area.
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10. Where mowing will occur, provide an eight -foot (8’) minimum horizontal clearance between trees and other site improvements, including shrubs.
11. Tree ties should be installed via a figure eight loop and each tie shall be secured with a nail on the tree stake. Install two (2) Arbor Ties at 2/3 of tree height and two (2) Arbor Ties at ½ of tree height.
12. Tree stakes should be inserted into the ground to a minimum depth of 18".
B. Groundcover Planting
1. Place groundcover plants in neat, straight, and parallel rows, triangularly spaced as shown on the Plans and as indicated herein.
2. Start the first row of planting at a distance equal to the on- center spacing required per plan, minimum, from the edge of the adjacent hardscape, mow band or header board.
3. Groundcover shall be installed to the outside edge of the water basins of trees or shrubs.
3.06 Seeding- Turf and Native
A. Lightly scarify areas to be hydroseeded.
B. Tank, hose and associated apparatus must be thoroughly clean and free of debris or other material prior to placement/spraying of seed.
C. Hydroseed turf mix shall contain the following:
Material Application Rate
Turf Seed Per Manufacturer’s Recommendations
Wood Cellulose Fiber Mulch 60 lbs. per 1,000 SF
Binder Per Manufacturer’s Recommendation
Fungicide turf only 1/3 lb. per 1,000 SF
Fertilizer Per soils lab recommendation and as
approved by Parks, Recreation & Libraries
Department
Soil Conditioner Per Soil Conditioner soils lab
recommendation and as approved by
Parks, Recreation & Libraries Department
D. Blend mix in a hydraulic mixer until all material is consistently blended.
E. Apply mix at a rate of 125 pounds per 1,000 square feet unless otherwise recommended by the manufacturer.
F. Spray mixture consistently over the area to be hydroseeded. Protect adjacent areas such as paving, walls, play areas and other from overspray.
G. At the end of each day of spraying operations, clean up all areas where overspray has occurred.
H. Once seed is placed, it should not be allowed to dry out.
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3.07 Sod- Turf
A. Remove all “humps” and depressions prior to sodding.
B. Keep all sod rolls shaded and moist prior to installation.
C. Do not store sod rolls more than one (1) day. Sod shall be laid upon delivery.
D. Unroll sod one at a time for immediate installation.
E. Provide tight seam between rolls of sod (less than 1/8” gaps).
F. Stagger rows so that the ends of sod rolls are stepped.
G. For turf areas where sod is partially provided, add topsoil at all transition edges to same as finish grade.
3.08 Mulch
A. Prior to placing mulch, apply post -emergent herbicide to any weeds present, per label directions.
B. Prior to placing mulch, apply pre- emergent herbicide in all planting areas, per label directions.
C. Apply three inches (3”) of mulch in all landscape planter areas.
D. Keep mulch a minimum of three inches (3”) away from the trunks of all woody shrubs and four inches (4”) away from all trees. Taper mulch profile away from this point to prevent subsequent collection of mulch against trunks.
3.09 Watering
A. Upon completion of each planting or turf area, irrigate appropriately to ensure proper health and growth.
B. Continually adjust the irrigation for plant needs regardless of air temperature.
3.10 Clean-up
A. Upon completion of planting operations, collect and remove from site all empty plant containers, debris, rubbish and other trash.
B. Sweep clean and wash all hardscape areas.
C. Clean up shall occur, at minimum of once a week, at the end of the work week.
D. Maintain the entire site in a clean condition to the satisfaction of the City.
3.11 Pre-Final (Punch List) Review
A. See Section 011000 1.16 of the Summary of Work for notification process.
B. The following conditions must be met in order for planting to be considered towards substantial completion, as required to enter into the establishment period described in Section 011000, 1.16:
1. For seeded turf:
a. Upon completion of the second mowing of completely germinated turf.
Second mowing is defined as full coverage of turfed area 90% weed free.
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b. Root depth – Turf grass roots shall be healthy, creamy-white in color and be 4” or greater in length/depth as measured from the soil surface to root tip. This shall be consistent throughout turfed area.
c. Turf shall be of uniform green color with no visible signs of stress due to soil fertility, moisture, disease or pests.
2. For sodded turf:
a. Accepted installation of the sod.
b. Turf shall be of uniform green color with no visible signs of stress due to soil fertility, moisture, disease or pests.
3. For trees and shrubs:
a. Trees and shrubs shall be properly installed, and with no visible signs of stress due to soil fertility, moisture, disease or pests.
3.12 Establishment Period
A. Active maintenance is required throughout the entire establishment period:
1. Maintain turf to a height of two and one half inches (2-1/2”) for cool season turf varieties and one and one half inches (1- 1/2”) for warm season turf varieties. Maintained height shall be measured from the surface of finish grade to the top of the leaf blade throughout the establishment period, and mowed as frequently as required to maintain said height. At no time shall the leaf blade be mowed or cut more than 1/3 of the length of the blade.
Root mass/depth must remain consistent as measured at the start of establishment or greater.
2. Edge all turf areas along hardscape edges.
3. Re-seed all bare areas within the turf as soon as evident.
4. Immediately replace all dead plants.
5. As necessary, raise all trees and shrubs which have sunk within the plant pit beyond the levels indicated in the Standard details.
6. Keep all areas free of weeds, pests and disease.
7. For trees located in turf areas, maintain a circle free of turf at a distance described in the Standard details
B. Prior to the start of the final thirty (30) days of establishment:
1. All plant replacements shall be completed.
2. All plantings and turf shall be thriving and in a healthy condition.
3. The lack of active maintenance prior to the final thirty (30) days may constitute a delay in the start of the final thirty (30) days of the establishment period.
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3.13 Final Review
A. The Inspector shall review the site for completion of items noted, but not limited to, “B” below. All corrective action is required to enter into the final thirty (30) days of establishment.
B. The site shall be prepared for review, by ensuring that:
1. All spray heads have been properly adjusted,
2. Dead plants have been replaced,
3. Planting areas have been weeded,
4. Turf areas have full germination, are consistent in green color and are weed-free,
5. Walkways and paved areas have been swept and washed, and
6. Turf roots meet standards outlined in 3.10
C. Failure to complete any one or all of the above items may constitute non- performance of the final review and will require re-scheduling. In this case, the cost of the extended establishment period shall be at no additional cost to the City.
PART 4 - GUARANTEE
4.01 General
A. Contractor shall provide a written guarantee covering all plant materials (trees & shrubs) furnished by him to be free of all defects or disease and that all plants are in a healthy and thriving condition at the completion of the contract .
Deciduous plant material shall be warranted beyond the time of contract completion until such time as growth becomes evident.
B. All plants, except those provided by the City, shall be warrantied for a period of one (1) year, commencing on the date of final acceptance. The warrant y shall be as outlined in Section 011000: Summary of Work, paragraph 1.19.
END OF SECTION
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Section 33 00 00: Utilities
SECTION 33 00 00
UTILITIES
PART 1 - GENERAL
1.01 General Requirements
A. The requirements set forth in the General Conditions shall be in addition to the standards provided herein.
B. The requirements set forth in the Supplemental Conditions shall be in addition to the standards provided herein.
C. The standards set forth in the City of Roseville Design and Construction Standards, latest edition, for storm drainage throughout the project and for sanitary sewer installations within the public rights -of-ways, easements, or as shown on the improvement plans shall be in addition to the standards provided herein.
D. The standards set forth in the latest edition of the California Building Code (CBC) for sanitary sewer installation within the project site, outside of the public right-of-way or easement shall be in addition to the standards provided herein.
1.02 Description
A. Furnish all labor, materials and equipment for the complete installation of the storm drain system and sanitary sewer pipe, and necessary appurtenances as shown on the Plans and as specified herein.
B. Submit a materials listing for review and approval prior to commencement of specified work.
1.03 Related Work
A. Section 31 10 00: Clearing and Grubbing
B. Section 31 20 00: Earthwork
1.04 Safety Requirements
A. Furnish, install and maintain required sheeting, shoring, bracing, and other methods to ensure complete and safe work environment for all workers. Upon completion of work, remove all bracing, shoring, etc . in its entirely, unless otherwise directed by the Inspector.
B. Prior to excavation or trenching, the Contractor shall contact USA Alert (800) C. 227-2600 to locate all known utilities a minimum of 48 hours prior to start of work. During the course of construction, the Contractor shall take every precaution to maintain and protect utilities noted to remain. Said utilities shall remain operational at all times, unless otherwise noted on the plans.
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D. The existing utilities are shown on the Plans based on the information available at the time of contract document development . The City shall not assume responsibility for any inaccuracies or incompleteness of the Plans based on such information. The Contractor shall immediately notify, upon damage of any pipeline or facility, the Owner and/or its agents and take every action necessary to repair or replace damaged facilities to the satisfaction of the Inspector, and at no additional cost to the City.
E. Trenches, excavations and repair of pavement shall be consistent with Section 31 20 00: Earthwork.
1.05 Coordination
A. The piping system as shown on the Plans is diagrammatic. The Contractor shall make reasonable adjustments to the layout to avoid conflicts, based on actual field conditions. Said changes shall not interfere with the design intent of the system.
1.06 Tolerance
A. The allowable tolerance for the installation of pipe is 0.05 feet within grades or spot elevations indicated on the Plans.
1.07 Product Storage
A. Take every precaution to protect the materials and pipes from damage during the delivery, storage and installation of the pipe system . Store in a cool, contained area, protected from direct sunlight and per manufacturer’s recommendations. Pipe shall be supported on firm level ground at the site.
1.08 Record Drawings
A. The Contractor shall keep an accurate record of the as -built conditions of the storm drain and sanitary sewer system . These records shall be updated daily and kept at the construction site. At any time, the Inspector may examine the conditions of the “as-builts” to ensure compliance of the above.
PART 2 - PRODUCTS
2.01 General
A. All products shall conform to City of Roseville Design and Construction Standards, latest edition, except as noted below.
2.02 Drain Pipe
A. Solid drainpipe shall be PVC SDR 35 and shall conform to ASTM D1784, or accepted equal. Gasketed connections shall conform to ASTM F477.
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B. Perforated drainpipe shall be smooth walled PVC, open per Caltrans Section 68-1.02K, or accepted equal.
2.03 Drain Rock
A. Drain rock shall be Class 2 washed, ¾” diameter.
2.04 Filter Fabric
A. Filter fabric shall be MiraDRAIN 5000, or accepted equal.
2.05 Drains
A. Drain Inlets shall be pre-cast and a minimum size of twenty -four inches (24”) square or round by Jensen Precast, or accepted equal.
1. Grate shall be heavy duty, cast iron, walk-on, and bolt down.
2. Box extensions shall be Jensen Precast, or accepted equal.
3. The base shall be six inches (6”) thick.
4. Walls shall be six inches (6”) thick.
5. A “No Dumping” Metal Storm Drain Marker shall be affixed to the concrete color of each drain inlet (See Detail DR-20)
6. Contractor may install cast-in-place drain inlets in lieu of pre-cast drain inlets.
Submit shop drawings and concrete mix design for review and approval.
B. Channel Drains for baseball/softball backstop areas shall be Polycast 600 series pre-sloped trench drains with galvanized steel slotted grates or accepted equal.
C. Sanitary sewer clean outs shall be as specified in the City of Roseville, Design and Construction Standards, latest edition.
2.06 Manholes
A. Manholes shall have tongue and groove joints, be forty -eight inches (48”) minimum in diameter, meeting ASTM C-478.
B. Covers shall be cast iron.
C. All components shall conform to the City of Roseville Design and Construction Standards, latest edition.
2.07 Tracer Wire
A. Insulated solid copper wire, minimum #12 gauge. Color shall be green.
2.08 Sanitary Sewer Pipe
A. Vitrified clay pipe (VCP) shall be as specified in Section 91 Sanitary Sewer in the City of Roseville, Design and Construction Standards, latest edition.
B. PVC SDR 35 may be used for drinking fountain drain applications only, with prior approval, and shall conform to ASTM D3034.
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2.09 Potable Water Warning Tape
A. On sites with both Recycled water and potable water lines. Blue plastic tape, 3 inches wide, with the words “CAUTION: POTABLE WATERLINE” imprinted in minimum 1 -inch high, black letters. Imprinting shall be continuous and permanent.
PART 3 - EXECUTION
3.01 General
A. All pipes shall slope uniformly from given elevations shown on the Plans.
B. All pip es shall be accurately laid true to line and grade, utilizing accepted construction methods.
C. Damaged or cracked pipe and fittings shall not be installed and shall be removed from site.
D. Install all pipe in locations shown on the Plans, except where existing conditions necessitate minor changes.
E. All pipe and fittings shall be kept clean and closed throughout the course of construction.
F. Connections to existing sanitary sewer stubs shall be “TV -ed” and air tested prior to the start of construction per the City of Roseville Design and Construction Standards, latest edition.
3.02 Installation
A. Installation of the specified pipe lines shall conform to the City of Roseville Design and Construction Standards, latest edition.
B. Notify the Inspector a minimum of 48 hours prior to covering of work to ensure timely inspections.
C. Cutting of AC or concrete paving shall be clean, vertical and straight, using a saw, or other tool specific to this application . Replace paving to existing or better condition prior to work.
D. Trench and backfill shall be per City of Roseville Design and Construction Standards, latest edition.
E. Catch basins and drain inlets shall be installed with a concrete collar with “No Dumping” message and fish symbol depressed into the concrete or bolted in place, consistent with Drawing DR- 20 the City of Roseville Design and Construction Standards, latest edition.
F. Drain inlets installed in mulched planter areas shall have a 12-inch wide collar of 2- to 6-inch river cobble placed over filter fabric.
G. Channel drains shall be set per manufacturer’s instructions . Place slotted grates along the entire length of the backstop, including wing fencing, wherever
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concrete is placed adjacent to the backstop system . Provide a below grade piped connection at all gate openings into the infield area. Do not install grated drain sections at these entry/exit points.
H. Manholes shall be per City of Roseville Design and Construction Standards, latest edition. Install grate flush with finish grade.
I. Sanitary Sewer Clean-outs shall be installed with 3M ball markers and shall be located within planted or turf areas, whenever possible. Place clean-outs at 100’ intervals throughout the project . Clean-outs shall not be located within play areas. Install per City of Roseville Design and Construction Standards, latest edition.
J. Upon completion, thoroughly flush storm drain system in the presence of the Parks Inspector.
3.03 Tracer Wire
A. Install tracer wire on top of the potable water lines B. Tracer wire shall be continuous with no splices.
3.04 Potable Water Warning Tape
A. To be used on all potable water piping installed within the same project limits as on-site recycled water piping.
B. Install plastic warning tape in pipe backfill, six inches above pipe, for the entire length of the pipe.
3.05 Cleaning
A. Keep site clean at all times . Remove from the site all debris and rubbish and legally dispose.
END OF SECTION
FOR COUNCIL APPROVAL
NOT FOR CONSTRUCTION
ORDINANCE NO. 6641
ORDINANCE OF THE COUNCIL OF THE CITY OF ROSEVILLE
AUTHORIZING CERTAIN AMENDMENTS TO THE FISCAL YEAR 2022-23
BUDGET AND DECLARING THIS ORDINANCE TO BE IMMEDIATELY
EFFECTIVE AS AN APPROPRIATION MEASURE
THE CITY OF ROSEVILLE ORDAINS:
SECTION 1. The City of Roseville Annual Budget, Fiscal Year 2022-23, is hereby amended as listed on the attached budget adjustment for the Solaire (formerly WB-50) project.
SECTION 2. This ordinance is hereby declared to be an appropriation measure, immediately effective pursuant to the provisions of Section 5.03 of the Charter.
SECTION 3. The City Clerk is hereby authorized and directed to post a true copy of the foregoing ordinance in each of three (3) conspicuous locations in the City and she shall immediately after such posting enter in the ordinance book, under the record of the ordinance, a certificate under her hand stating the time and place of such publication by posting.
PASSED AND ADOPTED by the Council of the City of Roseville, this ______________ day of _________________, 2023, by the following vote on roll call:
AYES COUNCILMEMBERS:
NOES COUNCILMEMBERS:
ABSENT COUNCILMEMBERS:
_______________________________
MAYOR
ATTEST:
__________________________
City Clerk
REQUEST FOR BUDGET ADJUSTMENT
REQUESTER NAME & TITLE: Tara Gee, Park Planning & Development Manager FISCAL YEAR: 2022-23 PREPARER NAME & TITLE: Rendi Hodge, Management Analyst COUNCIL DATE (if applicable): 4/19/2023 DEPARTMENT/DIVISION: Parks, Recreation & Libraries/Park Development ORDINANCE:
EXPENDITURES/EXPENSES/TRANSFERS OUT
BUDGET ($)
Fund Account Center Project Adjustment
2280 6587 84001 500102 500,000
500,000
REVENUES/TRANSFERS IN
BUDGET ($)
Fund Account Center Project Adjustment
2280 4401 84001 500102 500,000
500,000
-
FUND BALANCE
BUDGET ($)
Fund Account Center Project Adjustment
-
Justification for Budget Adjustment:
REQUESTING DEPARTMENT HEAD / DESIGNEE DATE BUDGET MANAGER / DESIGNEE DATE
CHIEF FINANCIAL OFFICER / DESIGNEE DATE CITY MANAGER / DESIGNEE DATE
POSTED BY DATE
Revised: June 24, 2019
Increase project revenue using American Rescue Plan
Act (ARPA) funds
TOTAL
BUDGET DEPARTMENT USE ONLY:
The Parks, Recreation & Libraries Department is requesting a budget adjustment to increase project 500102 WB-50 Solaire Park in the amount of $500,000, increasing the total project budget to $2,467,489. The original plan for improvements at Solaire Park has been adjusted to meet budget constraints. The new plan includes additional “green space” for the project, doubling the amount of developed grass area. The cost of the added “green space” is $500,000, which will be funded through the American Rescue Plan Act (ARPA). There is no impact to the General Fund.
TOTAL
REQUIRED APPROVALS:
ACCOUNT STRING DESCRIPTION
NET ADJUSTMENT
ACCOUNT STRING DESCRIPTION
ACCOUNT STRING DESCRIPTION
TOTAL
Increase to project budget for added green space at
Solaire Park
4/6/202310:53 AM
1 04/07/2023
COUNCIL COMMUNICATION
CC #:
2654
File #:
0800-03
Title:
Second Reading - Municipal Code Amendments - Electric Utility Contact:
Joanna Cucchi 916-746-1609 [email protected]
Meeting Date: 4/19/2023
Item #: 6.15.
RECOMMENDATION TO COUNCIL
ORDINANCE NO. 6643 OF THE COUNCIL OF THE CITY OF ROSEVILLE AMENDING SECTIONS 14.04.010, 14.04.030, 14.04.045, 14.04.065, 14.04.080 AND 14.04.090 AND DELETING SECTION 14.04.071 OF CHAPTER 14.04 OF TITLE 4 OF THE ROSEVILLE
MUNICIPAL CODE REGARDING UTILITY CUSTOMER BILLING, ACCOUNTING AND COLLECTIONS, AMENDING SECTIONS 14.24.055, 14.24.077, 14.24.195 AND 14.24.210 AND DELETING SECTION 14.24.030 OF CHAPTER 14.24 OF TITLE 4 OF THE ROSEVILLE MUNICIPAL CODE REGARDING ELECTRICAL ENERGY, for second reading and adoption.
BACKGROUND
Not applicable.
FISCAL IMPACT
Not applicable.
ENVIRONMENTAL REVIEW
Not applicable.
CITY COUNCIL STRATEGIC PLAN/OVERARCHING GOALS
Respectfully Submitted,
Joanna Cucchi, Interim Electric Utility Financial Administrator Dan Beans, Electric Utility Director
_____________________________
Dominick Casey, City Manager
ATTACHMENTS:
Description
Ordinance 6643
COUNCIL COMMUNICATION
CC #:
2641
File #:
0202-01
Title:
Annual Comprehensive Financial Report and Other Audit Reports for Fiscal Year Ended June 30, 2022
Contact:
Dennis Kauffman 916-774-5313 [email protected]
Meeting Date: 4/19/2023
Item #: 6.16.
RECOMMENDATION TO COUNCIL
Staff recommends City Council receive four financial reports, along with two required auditor communication letters, for the fiscal year ended June 30, 2022. This item requires no Council action and is for information purposes only.
BACKGROUND
The following informational reports are included with this communication:
Annual Comprehensive Financial Report (ACFR)
Single Audit Report
School-Age Child Care Report
Independent Accountant's Report on Applying Agreed-Upon Procedures Related to the Article XIII-B Appropriations Limit for the year ended June 30, 2022 Auditor Communication Letter
Auditor Report on Internal Controls over Financial Reporting and Compliance and Other Matters
The City Charter requires that the City Council engage an independent certified public accounting firm to conduct an annual financial audit of the City. Lance, Soll, and Lunghard, LLP (LSL), a certified public accounting firm, conducted the audits of the City’s financial statements for the fiscal year ended June 30, 2022. The City received an unmodified (clean) opinion on the ACFR.
The ACFR conforms to generally accepted accounting principles and the latest applicable Governmental Accounting Standards Board (GASB) Statements. This report continues to reflect the financial stability and proper accounting practices of the City. In addition, the 2021 ACFR received the Government Finance Officers Association's (GFOA) Certificate of Achievement for Excellence in Financial Reporting. GFOA awarded this certificate to the City for the 18th consecutive year and it is included in the 2022 ACFR.
A Single Audit is required for any non-federal entity that expends $750,000 or more of federal awards during the non-federal entity’s fiscal year. The Single Audit Report for the City includes the Schedule of Expenditures of Federal Awards, which reports that the City expended $37,465,786 of federal funding in FY 2021-22. The Single Audit report reflects resolution of the three prior year audit findings and includes one new finding related to compliance requirements in the Community Development Block Grant loan program. Staff agree with the finding and will review and monitor each loan to maintain the most up-to-date information and comply with all requirements of the loan program.
Separately issued financial statements are required to be completed for the School-Age Child Care Fund (also referred to as the Youth Development Fund) that detail activity in the current fiscal year and year-end balances. There are five compliance findings included in this year's report, to which staff have developed corrective action plans to address.
The California State Constitution Article XIII-B Appropriations Limit places limits on the growth of expenditures for publicly funded programs. The Independent Accountant’s Report on Applying Agreed-Upon Procedures Related to the Article XIII-B Appropriations Limit for the year ended June 30, 2022 was performed to assist the City in meeting the requirements of Section 1.5 of the Article XIII-B which requires the annual calculation of the appropriations limit to be reviewed as part of an annual financial audit. There were no findings included in this year's report.
The auditor’s letter to the City Council is additional communication required by audit standards which conveys that there were no difficulties encountered performing the audit or disagreements between the auditors and City staff. The letter also includes information about significant estimates and footnote disclosures included in the financial statements.
The Independent Auditor's Report on Internal Control over Financial Reporting and Compliance and Other Matters is required communication that includes no audit findings this year, and resolution of the prior year findings.
FISCAL IMPACT
There is no fiscal impact as a result of these informational reports.
ENVIRONMENTAL REVIEW
The California Environmental Quality Act (CEQA) does not apply to activities that will not result in a direct or reasonably foreseeable indirect physical change in the environment, or is otherwise not considered a project as defined by CEQA Statute §21065 and CEQA State Guidelines §15060(c)(3) and §15378. The financial reports meet the above criteria and are not subject to CEQA. No additional environmental review is required.
CITY COUNCIL STRATEGIC PLAN/OVERARCHING GOALS
Goal A - Remain fiscally responsible in a changing world
Respectfully Submitted,
Kyle Horton, Accounting Supervisor
Dennis Kauffman, Assistant City Manager/Chief Financial Officer
_____________________________
Dominick Casey, City Manager
ATTACHMENTS:
Description
Annual Comprehensive Financial Report
Single Audit Report
School-Age Child Care Report
Appropriations Limit Agreed-upon Procedures Report
Audit Communication Letter
Independent Auditors Report on Internal Controls
Annual Comprehensive Financial Report
Fiscal Year Ended June 30, 2022
CITY OF ROSEVILLE, CALIFORNIA
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2022
PREPARED BY
FINANCE DEPARTMENT
THIS PAGE INTENTIONALLY LEFT BLANK
CITY OF ROSEVILLE, CALIFORNIA
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2022
TABLE OF CONTENTS
Page
Number
INTRODUCTORY SECTION
Letter of Transmittal ............................................................................................................................. i Organizational Chart ......................................................................................................................... vii Elected Officials ................................................................................................................................. viii GFOA Certificate ................................................................................................................................ ix
FINANCIAL SECTION
INDEPENDENT AUDITORS’ REPORT .................................................................................................... 1 MANAGEMENT’S DISCUSSION AND ANALYSIS ................................................................................... 5
BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements
Statement of Net Position ........................................................................................................... 25 Statement of Activities .............................................................................................................. 26
Fund Financial Statements
Governmental Fund Financial Statements:
Balance Sheet – Governmental Funds ................................................................................ 30 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ................................................................................... 31 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds .................................................................................. 32 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the
Statement of Activities ................................................................................................ 33
Proprietary Fund Financial Statements
Statement of Net Position – Proprietary Funds ................................................................... 36 Statement of Revenues, Expenses, and Changes in Fund Net Position – Proprietary Funds ......................................................................................... 38 Statement of Cash Flows – Proprietary Funds .................................................................... 40
Fiduciary Fund Financial Statements
Statement of Fiduciary Net Position – Fiduciary Funds ...................................................... 46 Statement of Changes in Fiduciary Net Position ................................................................. 47
Notes to Financial Statements .............................................................................................................. 49
CITY OF ROSEVILLE, CALIFORNIA
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2022
TABLE OF CONTENTS
Page
Number
REQUIRED SUPPLEMENTAL INFORMATION
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual – General Fund ............................................................................................................. 115 Schedule of Changes in the City’s Net Pension Liability and Related Ratios ................................ 116 Schedule of Contributions - Pensions ............................................................................................. 120 Schedule of Changes in the City’s Net OPEB Liability and Related Ratios .................................. 123 Schedule of Contributions – OPEB ............................................................................................... 124 Modified Approach to Reporting Street Pavement Costs ............................................................... 125 Notes to Required Supplementary Information ............................................................................... 127
SUPPLEMENTAL INFORMATION
Non-Major Governmental Funds
Combining Balance Sheet ........................................................................................................ 130 Combining Statement of Revenues, Expenditures and
Changes in Fund Balances ................................................................................................ 138 Combining Schedule of Revenues, Expenditures and
Changes in Fund Balances – Budget and Actual .............................................................. 145
Non-Major Enterprise Funds
Combining Statement of Net Position ...................................................................................... 164 Combining Statement of Revenue, Expenses and Changes in Fund Net Position ................ 165 Combining Statement of Cash Flows ....................................................................................... 166
Internal Service Funds
Combining Statement of Net Position ...................................................................................... 168 Combining Statements of Revenues, Expenses and Changes in Fund Net Position ............. 170 Combining Statement of Cash Flows ....................................................................................... 172
Private-Purpose Trust Funds
Combining Statement of Fiduciary Net Position ....................................................................... 176 Combining Statement of Changes in Fiduciary Net Position ................................................... 177
Custodial Funds
Combining Statement of Fiduciary Net Position ....................................................................... 180 Combining Statement of Changes in Fiduciary Net Position .................................................. 184
CITY OF ROSEVILLE, CALIFORNIA
ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2022
TABLE OF
CONTENTS
Page
Number
STATISTICAL SECTION
Net Position by Component ............................................................................................................. 193 Changes in Net Position .................................................................................................................. 194 Fund Balances of Governmental Funds ....................................................................................... 196 Changes in Fund Balances of Governmental Funds ...................................................................... 197 Sales Tax Revenue ......................................................................................................................... 198 Assessment Roll Values .................................................................................................................. 199 Property Tax Rates – Direct and Overlapping Governments ......................................................... 200 Principal Property Tax Payers ......................................................................................................... 201 Property Tax Levies and Collections ............................................................................................... 202 Electric Customers and Revenues .................................................................................................. 203 Residential Energy Prices ............................................................................................................... 204 Business Energy Prices .................................................................................................................. 205 Ratio of Outstanding Debt by Type ................................................................................................. 206 Revenue Bond Coverage - 2014 Redevelopment Project Tax Allocation Bonds .......................... 207 Revenue Bond Coverage - 2016 Redevelopment Project Tax Allocation Bonds .......................... 208 Computation of Direct and Overlapping Debt ................................................................................. 209 Computation of Legal Bonded Debt Margin .................................................................................... 210 Demographic and Economic Statistics ........................................................................................... 211 Principal Employers ......................................................................................................................... 212 Full-Time Equivalent City Employees by Function ......................................................................... 213 Operating Indicators by Function/Program ..................................................................................... 2 1 4 Capital Asset Statistics by Function/Program ................................................................................. 2 1 5
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March 7, 2023
Honorable Mayor and Members of the City Council:
We are pleased to present the Annual Comprehensive Financial Report (ACFR) of the City of Roseville (City) for the fiscal year ended June 30, 2022. Article VII of the City Charter and federal and state law requires that the City issue an annual report on its financial position and activity, and that the report be audited by an independent firm of certified public accountants. The format and content of this ACFR complies with the principles and standards of accounting and financial reporting adopted by the Governmental Accounting Standards Board (GASB) and contains all information needed for readers to gain a reasonable understanding of the City’s financial activities.
Management takes sole responsibility for the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal control that it has established for this purpose. The objective of internal controls is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements.
The City’s financial statements have been audited by Lance, Soll & Lunghard, LLP, Certified Public Accountants. The goal of the audit is to obtain reasonable assurance that the financial statements are free of material misstatements and are fairly presented in conformity with generally accepted accounting principles (GAAP). The City’s auditors have issued an unmodified (“clean”) opinion on the City’s financial statements for the fiscal year ended June 30, 2022. The independent auditors’ report is presented as the first component of the financial section of this report.
Management’s discussion and analysis (MD&A), immediately following the independent auditors’ report, provides a narrative introduction, overview, and analysis of the basic financial statements. MD&A complements this letter of transmittal and should be read in conjunction with it.
THE REPORTING ENTITY AND ITS SERVICES
Roseville is a charter city in the State of California. The City was incorporated on April 10, 1909 and operates under a Council-Manager form of government. The City Council, the City's political and legislative body, is empowered by the City’s charter to formulate citywide policy, including a fiscal program, City services, and appointment of the City Manager and City Attorney. The City recently completed its transition from at-large City Council elections to district elections. There are five City Council members who are elected by district for staggered four-year terms, and the Mayor and Vice-Mayor are determined by rotation in sequential order of the five districts.
Residents of the City may assist the City Council i n formulating government policy by serving on a City commission, committee, or board. The following commissions, committees, and boards act in an advisory capacity to the City Council:
• Board of Appeals
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• Design Committee
• Economic Development Advisory Committee
• Grants Advisory Commission
• Library Board
• Local Sales Tax Citizens’ Oversight Committee
• Parks & Recreation Commission
• Personnel Board
• Planning Commission
• Public Utilities Commission
• Senior Commission
• Transportation Commission
• Youth Sports Coalition
Roseville is a full -service City providing a full range of municipal utilities and services. These services include: police; fire; parks, recreation and libraries; economic development and housing; planning; building and public facility inspection; engineering; streets; electric; water, wastewater and solid waste utilities; and general administrative services.
The ACFR presents the financial status of the City and its five component units:
• Roseville Finance Authority (Finance Authority)
• Roseville Natural Gas Financing Authority (RNGFA)
• City of Roseville Housing Authority (Housing Authority) • Successor Agency to the City of Roseville Redevelopment Agency (Successor Agency) • City of Roseville Other Post-Employment Benefits Trust (OPEB Trust)
Component units are separate legal entities included in this report due to significant operational or financial relationships with the City. The Finance Authority, Housing Authority, RNGFA, and OPEB Trust are separate legal entities from the City, but have the same governing board. The Successor Agency has a governing board determined by State law that does not report to the City Council. RNGFA and the OPEB Trust issue separate component unit financial statements. Separate financial statements are not issued for the Finance Authority, the Housing Authority, or the Successor Agency.
LOCAL ECONOMY
The City of Roseville is the largest city in Placer County with a population of 151,034 as of January 1, 2022, an increase of 3,159 residents from the previous year. There are over 11,000 business within the City that sustained 92,281 jobs this past year. The overall local unemployment rate for the City of Roseville is at
2.8% and the median household income is $97,097. The largest industry sector is health care and social assistance at approximately 18 percent. Retail businesses are second at approximately 1 6.4 percent.
Rounding out the remaining top business sectors are food service, government, and construction.
The housing market in Roseville is very healthy, with consistent growth year over year. Currently, there are 58,296 completed housing units and the median home value is $659,484; an increase of 23.6% over the prior year.
BUDGET INITIATIVES
The City Council gave voters, on the November 2022 ballot, the option to increase the hotel tax paid by overnight visitors in the City, technically known as the transient occupancy tax (TOT), and the measure passed with over 72 percent voting “Yes”. Roseville’s TOT rate was last updated 47 years ago in 1975 and ii
was the lowest in Placer County and the region at a time when demand for events at sports tourism venues such as the new facilities @theGrounds is ramping up. Visitors will help offset General Fund costs to a greater extent for maintaining amenities that they use such as fields, roads, and public facilities.
With the fiscal year 2023 budget, the City Council approved an updated Capital Improvement Program (CIP) Rehabilitation funding policy, accelerating funding for the program and adding street maintenance to the program because its funding sources leave a gap that must be filled by the General Fund. The City’s CIP Rehabilitation funding has historically been inadequate to proactively maintain and replace the City’s General Fund assets used to deliver City services. These assets include park amenities, public facilities, IT hardware and software, and various types of equipment used primarily by the Police, Fire, and Parks, Recreation, and Libraries departments.
The fiscal year 2023 budget also includes a transfer of $8 million from the General Fund to a new Section 115 Pension Trust Fund to act as a reserve to guard against future pension cost increases in order to maintain service levels during future economic downturns. The City Council also approved an updated pension funding policy that provides guidance for making additional discretionary payments to CalPERS.
LONG-TERM FINANCIAL PLANNING
The City has consistently planned its budgets with a focus on long-term sustainability. This is accomplished through financial policies and the establishment of several funds that serve to direct City revenues to long- term financial needs. This ensures that funding is available for needs as they arise. These funds include:
Operating Reserves: The City maintains an emergency reserve in its General Fund of 10 percent of operating expenditures. The City also maintains a stabilization reserve in its General Fund of 15 percent of operating expenditures, bringing the total operating reserve target to 25 percent of operating expenditures.
Federal Stimulus Reserve: The City established a temporary federal stimulus reserve for the City’s allocation of the American Rescue Plan Act federal stimulus (2021 Coronavirus State and Local Fiscal Recovery Funds) until one-time expenditures or transfers to other City funds are approved over the remaining course of the pandemic. The federal stimulus funding must be obligated by December 31, 2024.
Rate Stabilization Funds: The Electric Department maintains a rate stabilization fund targeted at a minimum policy level of 40 percent of operating expenses. This allows the City time to react to major changes to the cost of electricity without having to impose an emergency rate increase. Rate stabilization funds are also used in the Environmental Utilities Department funds, Water, Wastewater, and Waste Services, to help ease the impacts of rate increases over a period of years.
Fleet Replacement Fund: The City funds the cost of replacement vehicles over the useful life of the vehicle. This ensures that money is available to keep the City’s vehicle fleet operating properly and safely.
Strategic Improvement Fund: The City developed a fund that provides Council with resources that can be used for periodic, strategic investments on behalf of the City. This fund has been used to acquire land and construct improvements, primarily in redevelopment areas. This fund is included in the City’s General Fund for financial reporting.
OPEB Trust Fund:
The City established an irrevocable trust in fiscal year 2011 to address the City’s long-term liability for post -retirement health benefits and transferred $34 million of accumulated resources into the OPEB Trust. In fiscal year 2014, the City negotiated with labor groups to cap future liabilities by creating a Tier III benefit for new hires. Tier III employees are required to set aside a portion of their salary into a Retirement Health Savings account. The investments in the OPEB Trust iii
have performed well, achieving a return of 7.06% since inception. In fiscal year 2022, however, the OPEB plan assets contracted 12.01% to $129.6 million during a period of high inflation and an aggressive Federal Reserve monetary policy s tance. With the City’s OPEB funding policy, the OPEB unfunded liability is decreasing with increased contributions and investment returns.
MAJOR ACTIVITIES IN THE CITY
Many of the major activities undertaken in fiscal year 2022 are consistent with the City Council’s direction to focus on projects and funding that provide economic stability and enhance the City’s long-term financial condition while maintaining high levels of service to the older parts of the community. Major projects included:
• Public Works: The City has completed the following projects: the first three (of four) phases of curb ramp replacement and two (of four) phases of road repairs for the Sun City Resurfacing Project; Bridge Preventative Maintenance; Hillcrest Neighborhood Resurfacing ; Washington Boulevard Bikeway and Pedestrian Pathways (Phase 1 of the Washington “Andora” Underpass Widening); the 2018 Arterial Resurfacing Project; Phase 1 of the tenant improvements at 116 South Grant Street; and tenant improvements at 316 Vernon Street for the City’s Venture Lab.
The City has also begun or continued design of the following projects: remaining phases of curb ramp replacement and road repairs for the Sun City Resurfacing Project; Roseville Parkway Extension; Phase 1 of the Dry Creek Greenway East Trail Project; Pleasant Grove Widening; Roseville Parkway Widening and Pleasant Grove Triple Lefts; Traffic Signals and Roadway Improvements for the Roseville Soccer Complex; Zero Emission Bus Depot; Police Department Expansion; and Fire Station No. 8. The City continues construction on the following projects:
Washington All America City Roundabout Project and the demolition at 401 Oak. Design is also anticipated to begin soon on the Vernon Atlantic Multimodal Safety Improvement Project.
• Water Utility: In 2022, City staff are continuing the planning for the next phases of water main and appurtenance rehabilitation in Roseville’s older neighborhoods, with construction on the next phase scheduled for 2024. This next phase of work will provide additional system capacity in another older neighborhood and, once completed, will increase overall water delivery reliability.
The City has continued to make significant progress on the design of six new additional aquifer storage and recovery (ASR) wells. As part of drought mitigation measures, Roseville began construction on two of the ASR wells in 2021 and they are expected to be completed by May of 2023. The remaining wells will be constructed over the next four years.
In 2022, the West Side Tanks and Pump Station Project was completed and the facility is now operational. This additional facility increases both water storage capacity and water system pressure for buildout conditions in west Roseville. The office facility and mechanics shop construction at the West Side Tanks and Pump Station location began in late 2022 and will be completed by mid-2023.
The City continues to work on a joint water project with the Placer County Water Agency (PCWA) to increase the capacity of water intakes and to build higher capacity conveyance within the PCWA service area that will ultimately allow access to existing contract water supplies upstream of Folsom Reservoir for greater water delivery reliability. This joint agency project is anticipated to be complete by 2026, subject to funding.
• Wastewater Utility: The Pleasant Grove Wastewater Treatment Plant Expansion and the Pleasant Grove Energy Recovery Projects are currently in the commissioning phase. Both projects are projected to be fully online by the end of June 2023. The projects will increase treatment capacity at the Pleasant Grove Wastewater Plant by 2.5 million gallons per day average dry weather flow to iv
accommodate growth in the South Placer Wastewater Authority (SPWA) service area through 2035, and utilize renewable digester gas generated from the Pleasant Grove Wastewater Treatment Plant to create renewable compressed natural gas to fuel a portion of the City’s Waste Services Fleet.
• Electric Utility: The City continued ongoing expansion of its electric distribution system to serve new customers and rehabilitation of existing electric assets to maintain reliable service.
• Parks, Recreation & Libraries: The City completed construction on two (2) pocket parks, North Hayden and Kay Sakamoto parks and an off -leash dog park (NC-57). Construction started on Four Corners, Audrey Husiking, Crimson Ridge and Campus Oaks parks. Design continues for the regional Roseville Soccer Complex, Solaire (WB -50), Riego Creek (F -51), John Byouk (JM-50), Gibson park site and Denio Family parks. Rehabilitation projects completed include the Roseville Aquatics Complex recreational pool replaster, slide replacement and water feature retrofit, Mahany park’s tennis courts, new shade at the Mahany all -weather field, and play structure replacements including locations at Buljan and Misty Wood parks. Planning for other rehabilitation projects include play structures at Royer, Lockridge, Blue Oaks, Pineschi and Erven parks; ADA upgrades at Johnson Pool, pool deck, pool replaster and mechanical refurbishment at Johnson Pool and public outreach and design for Weber Park’s full renovations.
The City issued a total of 7,798 building permits in fiscal year 2022. Single-family residential permit issuance decreased only slightly to 1,790 compared to 1,807 last fiscal year. In fiscal year 2022, permits for 247 multi- family units were issued, compared to none the year prior. The number of new commercial construction permits increased, rising from 30 to 33 compared to the prior year. Total commercial building valuation in fiscal year 2022 was $583,522,626, an increase of 6.5% over fiscal year 2021 a t $548,325,507. Significant commercial projects included the multi-story U-haul indoor storage, Hunnington Senior Apartments, Campus Oaks 24-hour Fitness, Holden Senior Living, and the Plaza at Blue Oaks.
Development continues in earnest in the City’s newest specific plan areas of Sierra Vista, Creekview, and Amoruso Ranch. The West Roseville Specific Plan is nearing buildout following subs tantial completion of the Fiddyment Ranch phase 3 subarea over the past 18 months. Residential development continues to occur within the City’s Campus Oaks Master Plan area, which also saw significant progress on the commercial retail complex following occupancy of Nugget Market and multiple pad and inline retail buildings. The Westbrook Boulevard Bridge was completed in fiscal year 2022, opening up land in Creekview phase 2 and Amoruso Ranch for development north of Pleasant Grove Creek.
AWARDS AND ACKNOWLEDGMENTS
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City for its ACFR for the fiscal year ended June 30, 2021. The organization of the City's ACFR follows the guidelines set forth by GFOA. This marks the eighteenth consecutive year the City has been recognized with this award.
In order to be awarded a Certificate of Achievement, the City must publish an easily readable and efficiently organized ACFR. The report must satisfy both generally accepted accounting principles and applicable legal requirements. We believe this ACFR also meets the requirements of the program and we will be submitting it to GFOA to determine its eligibility for the certificate.
The City of Roseville also received the Government Finance Officers Association's (GFOA) Distin guished Budget Award and the California Society of Municipal F inance Officer's (CSMFO) Operating Budget Excellence Award for the budget for the fiscal year 2021-22.
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B-5
City Council Mayor/
Council Members
Grants
Advisory
Commission
Library
Board
Parks &
Recreation
Commission
City Attorney
City Manager
Personnel
Board
Planning
Commission
Public
Utilities
Commission
Senior
Commission
Transportation
Commission
Public Affairs /
Communications
Parks, Recreation,
& Libraries
Fire
Assistant City
Manager/Chief
Financial Officer
Assistant City
Manager
Environmental
Utilities
Police
Public Works
Finance
Information
Technology
Roseville Residents
Roseville Electric
Economic
Development
The City Council also acts as the
Board for the following:
Housing Authority
Finance Authority
Natural Gas Financing Authority
Successor Agency
City Clerk
City Wide Organization (1,260.48 FTE)
Development
Services
Assistant City
Manager
Human Resources
vii
CITY OF ROSEVILLE
ELECTED OFFICIALS
JUNE 30, 2022
Mayor Krista Bernasconi
Vice Mayor Bruce Houdesheldt
Council Member Tracy Mendonsa
Council Member Scott Alvord
Council Member Pauline Roccucci
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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Roseville
California
For its Annual
Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2021
Executive Director/CEO
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1611 E. Fourth Street, Suite 200
Santa Ana, CA 92701
(714) 569-1000
203 N. Brea Blvd, Suite 203
Brea, CA 92821
(714) 672-0022
21 Waterway Avenue, Suite 30089
The Woodlands, TX 77380
(936) 828-4587
2151 River Plaza Dr., Suite 150
Sacramento, CA 95833
(916) 503-9691
24422 Avenida de la Carlota, Suite 275
Laguna Hills, CA 92653
(949) 829-8299
www.lslcpas.com
INDEPENDENT AUDITORS’ REPORT
To the Honorable Mayor and Members of the City Council
City of Roseville, California
Report on the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Roseville, California, (the “City”) as of and for the year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise the 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, t he business-type activities, each major fund, and the aggregate remaining fund information of the City as of June 30, 2022, 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 ge nerally 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 r esponsibilities under those standards are further described in the Auditor’s Responsibiliti es for the Audit of the Financial Statements section of our report. We are required to be independent of th e City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Emphasis of Matter
Change in Accounting Principle
As described in Note 1 to the financial statements, in the fiscal year ended June 30, 2022, the City adopted new accounting guidance, GASB Statement No. 87, Leases. Our opinion is not modified with respect to this matter.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presenta tion of these financial statements in accordance with accounting prin ciples generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control rel evant 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 dou bt 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.
To the Honorable Mayor and Members of the City Council
City of Roseville, California
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 opinion. 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 G AAS and Government Auditing Standards will always detect a material mi sstatement 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, mi srepresentations, 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 Government Auditing Standards, we:
Exercise professional judgment and maintain professional skept icism 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 au dit 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 th e overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or eve nts, 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.
Other Reporting Responsibilities
Required Supplementary Information
Accounting principles generally accepted in the United States o f America require that the management’s discussion and analysis, the budgetary comparison schedules for the general fund, the modified approach for the City’s infrastructure assets, the schedules of changes in net pension liability and related ratios, the schedules of contributions - pensions, the schedule of changes in net OPEB liability and related ratios, and the schedule of contributions – OPEB, as listed on the table of contents, be presented to supplement the basic financial statements. Such information is the responsibil ity of management and, although not a part of the basic financial statements, is required by the Governmen tal 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 a bout the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. 2 To the Honorable Mayor and Members of the City Council City of Roseville, California
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 (supplementary information) are presented for purpose s of additional analysis and are not a required part of the basic financial statements. Such informat ion is the responsibility of management and was derived from and relates directly to the underlying account ing and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional proced ures, including compar ing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is 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 report. The other information comprises the introductory section and statistical section but does not include the basic financial statements and our auditor’s report thereon. Our opinions on the 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 financial statements, our r esponsibility is to read the other information and consider whether a material i nconsistency exists between the other information and the 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.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards , we have also issued our report dated March 7, 2023 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, co ntracts, and grant agreements and other matters. The purpose of that report is solely to describe the s cope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.
Brea, California
March 7, 2023
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4 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
The following discussion provides readers of the City of Roseville’s (City) financial statements a narrative overview and analysis of the financial activities of the City f or the fiscal year ended June 30, 2022. The City recommends that this docum ent be read in conjunction with the accompanying Letter of Transmittal and Basic Financial Statements.
FISCAL YEAR 2022 FINANCIAL HIGHLIGHTS
Financial highlights of the City’s fiscal year 2022 include the following:
The City’s General Fund revenue and other financing sources (us es) exceeded expenditures by $20.0 million in fiscal year 2022. This was primarily attributable to the Bradley Burns sales tax and the local Measure B sales tax revenue, and property tax revenue , exceeding budgeted amounts, as well as expenditure savings primarily attributable to staff turnover vacancy savings.
The City added $8 million to its General Fund reserves and made its first Additional Discretionary Payment (ADP) of $6 million to CalPERS from the General Fund to pay down the City’s pension liability.
The City’s voter-approved Measure B local sales tax generated G eneral Fund revenue totaling $28.3 million. The additional revenue allowed the City to maintain essential services and its General Fund Stabilization Reserve to address future economic downturns.
The City’s total assets and deferred outflows of resources exce eded its liabilities and deferred inflows of resources, as of June 30, 2022, by $3.4 billion, an increase of $234.2 million or
7.5 percent over the prior year, primarily related to infrastructure investments associated with new development in the City.
OVERVIEW OF THE CITY’S ANNUAL COMPREHENSIVE FINANCIAL REPORT
The City’s Annual Comprehensive Financial Report (ACFR) is divided into four sections:
Introductory section, including the letter of transmittal, list of City elected officials, and the City’s organization chart.
Financial section, including the independent auditors’ report, management’s discussion and analysis, the basic financial statements, and the footnotes to the basic financial statements.
Supplemental Information section, including the required supple mentary information and supplemental information.
Statistical section, comprised of unaudited data organized to p resent financial trends, revenue capacity, debt capacity and demographic and economic information.
The government-wide financial statements provide both long-term and short-term information about the City’s overall financial status. The fund financial statements focus on individual parts of the City government, reporting t
he City’s operations in more detail than the government-wide statements.
The notes to the basic financial statements provide additional information essential to understanding the data contained in the government-wide and fund financial statements. The statements and notes are followed by the required supplementary information: Schedule of Changes in Net Pension Liability and Related Ratios, Schedule of Contributions for the City’s pension plans, Schedule of Changes in Net (Other Post- 5 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
Employment Benefits) OPEB Liability and Related Ratios, Schedule of Contributions for the City’s OPEB plan, and the Budgetary Comparison Schedule for the General Fund. In addition to these required elements, we have included combining statements and schedules that provide details about the City’s non-major governmental funds, non-major enterprise funds, internal service funds, private purpose trust funds, and custodial funds, each of which is presented in a column in the basic financial statements.
Government-wide Financial Statements
The government-wide statements report information about the Cit y using accounting methods like those used by private-sector companies. The statement of net position includes all of the City’s assets and liabilities, as well as any deferred outflows or inflows of resources. The s tatement of activities includes all current year revenues and expenses regardless of when cash is received or paid. These government-wide statements report the City’s net position and how the City’s net position has changed during the fiscal year.
The government-wide financial statements of the City present information about the following:
Governmental Activities: Most of the City’s basic services are considered to be governme ntal activities. These services are s upported by general City revenu es such as taxes, and by specific program revenues such as user fees and charges.
Business-type Activities: Certain services provided by the City are funded by customer fees. Among these are the City’s utility services, local transportation, and school-age child care.
Fund Financial Statements
A fund is a group of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. Fund financial statements provide more detailed information about the City’s largest funds, not the City as a whole.
The City has three types of fund financial statements:
Governmental fund statements pr ovide information about how the general government services such as police, fire and public works were financed in the shor t-term as well as what remains for future spending. Most of the City’s basic services are included in governmental funds, which focus on (1) short-term inflows and out flows of spendable resources, and (2) the remaining year-end balances available for spending. Because this information does not encompass the additional long- term focus of the government-wid e statements, reconciliations that explain the relationship (or differences) between governmental funds and governmental activities follow the governmental fund statements.
Proprietary fund statements provi de information about the servi ces for which customer fees are intended to finance the costs of operations are generally repor ted in proprietary funds. Proprietary fund statements, like the government-wide statements, provide s hort-term and long-term financial information about the activities the City operates like businesses, such as utility services.
Fiduciary fund statements provi de information about the financi al relationships in which the City acts solely
as a trustee or agent for the benefit of others, to whom the resources belong. The City is the trustee or fiduciary for assets, reported in a private-purp ose trust fund, which because of trust agreements, can be used only for the trust beneficiaries. The C ity elected to serve as the successor agency for its former redevelopment agency, which was dissolved by state law. The successor agency activity is accounted for in a private-purpose trust fund. The City is responsible for ensuring that the assets reported in these funds are used for their intended purposes. All the City’s fiduciary 6 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
activities are reported in a separate statement of fiduciary ne t position and a statement of changes in fiduciary net position. We exclude these activities from the City’s government-wide financial statements because the City cannot use these resources to finance its operations.
FINANCIAL ANALYSIS OF THE GOVERNMENT-WIDE STATEMENTS
This analysis focuses on the City’s net position and changes of its governmental and business-type activities for the fiscal year ending June 30, 2022.
The largest portion of the City’s net position is the net inves tment in capital assets category totaling $2.8 billion. This category reports capital assets less any related outstanding debt that the City used to acquire those assets. The City uses these capital assets to provide services to its residents and businesses.
The restricted portion of the City’s net position of $313.1 million represents resources that are restricted for use by external sources. The remaining net position of $217.3 m illion is unrestricted and can be used to meet the ongoing obligations of the City, subject to the purpose of the individual funds in which it is held. 2022 2021 2022 2021 2022 2021
Assets
$ 418.5 $ 378.7 $ 476.6 $ 451.6 $ 895.1 $ 830.2 126.6 113.4 272.9 269.4 399.5 3 82.8 1,135.6 1,075.8 1,917.1 1, 816.2 3,052.7 2,892.1 1,680.7 1,567.9 2,666.60 2, 537.2 4,347.3 4,105.1
52.3 53.5 38.6 45.8 90.9 99.3
18.4 23.5 298.3 296.2 316.7 319.7 309.7 363.4 230.6 258.9 540.3 6 22.3 328.1 386.9 528.9 555.1 857.0 9 42.0
98.5 35.0 119.3 98.2 217.8 133.2 1,117.1 1,052.5 1,715.9 1, 630.3 2,833.0 2,682.7 270.5 248.8 42.6 47.5 313.1 296.4 (81.2) (101.8) 298.5 251.9 217.3 150.1 $ 1,306.4 $ 1,199.5 $ 2,057.0 $ 1,929.7 $ 3,363.4 $ 3,129.2 Statement of Net Position - Primar y Government
As of June 30, 2022 and 2021
Business-type
Activities
Government-wide
Activities
Cash and investments
Governmental
Activities
(in millions)
Unrestricte d
Deferred Outflows of Resources
Long-term debt outstanding
Liabilities
Other assets
Capital assets
Total Assets
Total Net Position
Other liabilities
Total Liabilities
Deferred Inflows of Resources
Net Position
Net investment in capital assets
Restricte d
7 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
Governmental Activities
Government Activities – Net Position
This analysis focuses on the net position and changes in net position of the City’s governmental activities, presented in the Government-wide Statement of Net Position and Statement of Activities.
The City’s governmental activities net position increased by $1 06.9 million to $1,306.4 million as of June 30, 2022, primarily due to an increase in capital assets r elated to the acquisition and construction of infrastructure improvements and decreases in the pension and OP EB liabilities due to positive investment results.
2022 2021
Increase/
Decrease
Assets
$ 418.5 $ 378.7 $ 39.8
126.6 113.4 13.2
1,135.6 1,075.8 59.8
1,680.7 1,567.9 112.8
52.3 53.5 (1.2)
Liabilities
18.4 23.5 (5.1)
309.7 363.4 (53.7)
328.1 386.9 (58.8)
98.5 35.0 63.5
Net Position
1,117.1 1,052.5 64.6
270.5 248.8 21.7
(81.2) ( 101.8) 20.6
$ 1,306.4 $ 1,199.5 $ 106.9 Total Net Position Net investment in capital assets
Capital assets
Long-term debt outstanding
Unrestricted
Restricted
Deferred Inflows of Resources
Statement of Net Position - Governmental Activities
(in millions)
Other liabilities
Total Liabilities
Other assets
Total Assets
Cash and investments
As of June 30, 2022 and 2021
Deferred Outflows of Resources
8 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
Charges for services, which include permit revenues, fees, and charges used to fund expenses incurred in providing services, increased by $8.4 million to $69.3 million due to strong development activity and recreation programs recovering from the pandemic. Operating gra nts and contributions, which include community development, public works and public safety contributions and grants, increased by $3.3 million to $31.7 million. Capital grants and contributions, that consis t mainly of community facility district bond proceeds and developer impact fees restricted for capital projects, declined by $31.4 million to $54.4 million due to less bond proceeds issued in 2022.
2022 2021
Increase/
Decrease
$ 69.3 $ 60.9 $ 8.4
31.7 28.4 3.3
54.4 85.8 (31.4)
155.4 175.1 (19.7)
184.5 163.8 20.7
Franchise Fees 2.5 2.4 0.1 (22.2) 2.7 (24.9)
9.0 0.4 8.6
173.8 169.3 4.5
329.2 344.4 (15.2)
35.0 23.1 11.9
36.5 32.8 3.7
25.6 3.8 21.8
45.0 50.2 (5.2)
34.8 36.1 (1.3)
Economic development 0.5 3.1 (2.6)
5.4 6.0 (0.6)
28.6 35.0 (6.4)
9.3 7.5 1.8
6.9 5.7 1.2
3.1 1.5 1.6
230.6 201.7 28.9
98.6 142.7 (44.1)
Transfers 8.3 8.7 (0.4) 106.9 151.4 (44.5)
Net Position-Beginning 1,199.5 1,048.1 151.4 Net Position-Ending $ 1,306.4 $ 1,199.5 $ 106.9 Chan
ges in Net Position - Governmental Activities
As of June 30, 2022 and 2021
(in millions)
Total Revenues
Use of money and property
Miscellaneous
Changes in Net Position after Transfers
Fire
Library
Parks and recreation
Housing assistance payments
Interest on long-term debt
Total Ex
penses
Annexation payments
Police
Changes in Net Position before Transfers
Expenses
General government
Development and operations
Public works
T otal General Revenues
Revenues
Program Revenues
Charges for services
Operating contributions and grants
Capital contributions and grants
Total Pro
gram Revenues
General Revenues
Taxes
9 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
General revenues, comprised mainly of property and sales taxes, increased $4.5 million to $173.8 million.
While property tax revenues increased due to higher assessed pr operty values and development activity, and sales tax revenue increased due to inflation and continued strong retail activity, the use of money and property was negative due to the temporary market value adjustm ent on the City’s bond portfolio because the value of bonds owned declines when interest rates rise. Bec ause general revenues are not allocable to specific programs, the City uses them to pay the net cost of governmental programs.
Total expenses for governmental activities increased by $28.9 million compared to the prior year, primarily related to an increase in non-capital project costs for public works and the City’s first ADP to CalPERS reported under general government expenses.
Governmental Activities – Functional Expenses
The functional expenses chart below includes only current year expenses for governmental activities.
Capital outlay is excluded from functional expenses because they are added to the City's capital assets and depreciated over the useful lives of the assets. As the chart r eflects, police was 19.6% ($45.0 million) of total governmental activities expenses; fire was 15.1% ($34.8 m illion); parks and recreation was 12.4% ($28.6 million); development and operations was 15.9% ($36.5 mi llion); public works was 11.1% ($25.6 million); general govern ment was 15.2% ($35.0 million); and the remainder was for other governmental programs and functions, as shown above.
Business-type Activities
The Statement of Net Position and Statement of Activities present a summary of the City’s business-type activities that are composed of the City’s enterprise funds.
10 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
The net position of business-type activities amounted to $2,057 .0 million in fiscal year 2022, an increase of $127.3 million from fiscal year 2021, primarily due to an incre ase in capital assets related to the acquisition and construction of infrastruct ure improvements and decreases i n the pension and OPEB liabilities due to positive investment results.
2022 2021
Increase/
Decrease
Assets
Cash and investments $ 476.6 $ 451.6 $ 25.0 Other assets 272.9 269.4 3.5
Capital assets 1,917.1 1,816.2 100.9
Total Assets 2,666.6 2,537.2 129.4
Deferred Outflows of Resources 38.6 45.8 (7.2) Liabilities
Long-term debt outstanding 298.3 296.2 2.1 Other liabilities 230.6 258.9 (28.3)
T otal Liabilities 528.9 555.1 (26.2)
Deferred Inflows of Resources 119.3 98.2 21.1 Net Position
Net investment in capital assets 1,715.9 1,630.3 85.6 Restricted 42.6 47.5 (4.9)
Unrestricted 298.5 251.9 46.6
Total Net Position $ 2,057.0 $ 1,929.7 $ 127.3 Statement of Net Position - Business-t
ype Activities
(in millions)
As of June 30, 2022 and 2021
11 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
Business-type program revenues and general revenues totaled $456.8 million while business-type expenses and transfers out were $329.6 million in 2022. Capital contribution revenue was lower than the prior year due to a decrease in infrastructure dedications funded by devel opers in new growth areas. Use of money and property was lower than the prior year due to the temporary market value adjustment on the City’s bond portfolio. Major enterprise fund activity is discussed in the Proprietary Funds section below.
FINANCIAL ANALYSIS OF THE FUND STATEMENTS
Governmental Funds
The City’s governmental funds provide information on near-term inflows, outflows, and balances of spendable resources.
2022 2021
Increase/
Decrease
$ 305.7 $ 293.0 $ 12.7
14.2 14.0 0.2
144.9 215.6 (70.7)
464.8 522.6 (57.8)
(11.4) 8.3 (19.7)
3.2 2.8 0.4
0.2 (0.6) 0.8
(8.0) 10.5 (18.5)
456.8 533.1 (76.3)
147.5 154.8 (7.3)
33.4 39.9 (6.5)
75.2 74.3 0.9
27.3 25.1 2.2
22.1 22.6 (0.5)
11.6 9.5 2.1
4.2 6.0 (1.8)
321.3 332.2 (10.9)
135.5 200.9 (65.4)
Transfers (8.3) (8.7) 0.4 127.2 192.2 (65.0)
Net Position-Beginning 1, 929.7 1,737.5 192.2 Net Position-Ending $ 2,056.9 $ 1,929.7 $ 127.2 Total Ex
penses
Changes in Net Position before Transfers
Changes in Net Position after Transfers
Wastewater
Waste services
Roseville Natural Gas Financing Authority
Local transportatio
n
School-age child care
Miscellaneous
Total Revenues
Expenses
Electric
Water
T otal General Revenues
Chan
ges in Net Position - Business-t ype Activities
As of June 30, 2022 and 2021
(in millions)
Revenues
Program Revenues
Charges for services
Operating contributions and grants
Capital contributions and grants
Total Pro
gram Revenues
General Revenues
Use of money and property
Gain (Loss) on sale of capital asset
12 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
General Fund
General Fund revenues increased by $17.2 million from the prior year, primarily due to increases in taxes of $20.6 million and charges for services of $2.6 million, but offset by the temporary market value adjustment on the investment portfolio. Total actual revenues w ere higher than the final budget by $23.3 million, with the following major breakdown:
Taxes were more than budget by $25.0 million primarily due to:
Bradley Burns and local Measure B revenue sales tax revenue were $11.2 million and $7.2 million above the budgeted amounts, respectively, which were conservatively estimated coming out of the pandemic.
Property tax revenue was $2.9 m illion higher than budget due to continued growth in the City exceeding projections and increasing assessed property values.
General Fund expenditures increased by $27.0 million from the prior year, primarily caused by increases in police, fire, development services, and most other departments. General government expenditures are $5.6 million higher primarily due to the $6 million ADP payment to CalPERS. All General Fund departments ended the year within their appropriated expenditure budgets.
As of June 30, 2022, the General Fund’s fund balance totaled $1 38.6 million, incl uding $17.6 million nonspendable fund balance, primarily for notes receivable; $40. 5 million committed for emergency and economic stabilization reserves, $5.5 million assigned fund balance, and the balance of $75.0 million considered unassigned. Only the unassigned portion of fund bala nce represents available resources, since the nonspendable, assigned, and committed portions of the fund balance is represented by non-cash assets, contracts, open purchase orders, and Council-adopted reserves. The unassigned fund balance includes the strategic improvement funds and the litigation reserve.
13 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
Community Facilities District Capital Projects Fund
Fund balance in the Community Facilities District Capital Projects Fund decreased by $10.0 million, from $20.3 million to $10.3 million, due to disbursements of land-se cured bond proceeds to acquire or construct infrastructure in the City’s new growth areas.
Non-Major Governmental Funds
These rest of the City’s governmental funds are presented in the basic financial statements as non-major governmental funds as required by generally accepted accounting principles. They are individually presented as supplemental information.
Proprietary Funds
Electric Fund
Net position of the Electric Fund increased $21.6 million in fiscal year 2022 primarily due to an increase in capital assets of $22 million funded by developers for infrastructure in new growth areas and by ratepayers for infrastructure improvements. The fund also experienced an i ncrease in cash and investments of $19.4 million and a decrease in long-term debt of $9.6 million. As of June 30, 2022, the fund’s net position was $495.7 million, of which $348.5 million was invested in capital assets; $15.1 million was restricted for debt service; $11.4 million was restricted for the sustainable energy program; and $120.7 million was unrestricted as to use.
Water Fund
Net position of the Water Fund increased $36.6 million in fiscal year 2022 primarily due to an increase in capital assets of $45.8 million. As of June 30, 2022, the fund’ s net position was $712.2 million, of which $599.3 million was invested in capital assets; $4.1 million was restricted for debt service; $6.3 million was restricted for capital projects; and $102.5 million was unrestricted as to use. 14 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
Wastewater Fund
Net position of the Wastewater Fund increased $49.1 million in fiscal year 2022, primarily due to an increase in capital assets of $43.5 million, and an increase in cash and investments of $5.1 million. As of June 30, 2022, the fund’s net position was $792.3 million of which $720.2 million was invested in capital assets; $5.5 million was restricted for debt service; and $66.6 million was unrestricted as to use.
Solid Waste Fund
Net position of the Solid Waste Fund increased by $4.9 million in fiscal year 2022, primarily due to an increase in charges for services of $7.0 million resulting from a rate i ncrease to support the changes mandated by state Senate Bill 1383 to divert organic waste from landfills. As of June 30, 2022, the fund’s net position was $23.9 million, of which $4.5 million was invested in capita l assets and $19.4 million was unrestricted as to use.
Roseville Natural Gas Financing Authority
This fund was created as the financing mechanism to purchase prepaid natural gas for the Roseville Energy Park, an electric power plant, through the issuance of revenue bonds. Bonds payable totaling $89.0 million remain due, while the balance of prepaid natural gas at June 30 , 2022 was $89.8 million. Net position of the Roseville Natural Gas Financing Authority Fund in fiscal year 2022 was $3.4 million, which is unrestricted as to use.
Non-Major Enterprise Funds
The remaining enterprise funds are presented in the basic financial statements as non-major enterprise funds as required by generally accepted accounting principles. They a re individually presented as supplemental information.
CAPITAL ASSETS
As of June 30, 2022, the City h ad invested $3.1 billion in a br oad range of capital assets, including land, buildings, vehicles, parks and park improvements, roads, bridges, and water, wastewater, and storm drainage transmission and distribution systems, as well as the electric generation and distribution system. Current year capital asset additions of $242.6 million were offset by current year depreciation expense of $81.2 million and retirements of $0.9 million, for a net increase in capital assets of $160.5 million. The table below presents a summary of the City’s capital assets for governmental and business-type activities:
15 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
2022 2021
Increase/
Decrease
Governmental A ctivities
Land $ 125.2 $ 126.7 $ (1.5)
Streets (modified approach) 402.2 383.9 18.3
Construction in progress 86.1 67.0 19.1
Buildings 185.0 185.0 0.0
Improv ements 49.6 48.4 1.2
Equipment 96.0 90.6 5.4
Parks 110.0 107.5 2.5
Landscaping 72.4 60.8 11.6
Bike paths 14.0 10.1 3.9
Bridges 86.0 85.5 0.5
Culv erts 21.0 21.0 0.0
Curb, gutter, sidewalk, and median curbs 194.1 187.3 6.8 Drain inlets 22.1 22.1 0.0
Soundwall 50.3 43.5 6.8
Storm drains 137.2 126.6 10.6
Traffic Signals 1.8 1.8 0.0
Less: accumulated depreciation (517.7) (492.0) (25.7)
Governmental Activity Capital Assets, Net $ 1,135.3 $ 1,075.8 $ 59.5 2022 2021
Increase/
Decrease
Business-Type Activities
Land 19.1$ 17.7 $ 1.4 $
Streets (Modified) 2.3 2.3 0.0
Construction in progress 179.3 119.4 59.9
Buildings 38.8 33.6 5.2
Improvements 43.4 43.3 0.1
Vehicles and equipment 58.1 52.1 6.0
Landscaping 1.8 1.7 0.1
Bike paths 6.5 6.5 0.0
Bridges 12.0 12.0 0.0
Culverts 0.3 0.3 0.0
Curb, gutter, sidewalk, and median curbs 1.2 1.2 0.0
Drain Inlets 0.1 0.1 0.0
Storm Drains 0.2 0.2 0.0
Traffic signals 75.3 74.2 1.1
Plant and substations 391.4 391.3 0.1
Distribution 1,709.3 1,635.6 73.7
Generation 217.0 212.8 4.2
Less: accumulated depreciation (839.0) (788.2) (50.8)
Business-Type Activity Capital Assets, Net 1,917.1$ 1,816.1$ 101.0$ Ca
pital Assets
(in millions)
As of June 30, 2022 and 2021
16 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
Detail on capital assets, current year additions, construction in progress and depreciable lives can be found in Note 8 to the financial statements.
The City depreciates all its capital assets over their estimate d useful lives, except for streets which are reported using the modified approach. The purpose of depreciation is to spread the cost of a capital asset over the years of its useful life so that an allocable portion of the cost of the asset is borne by all users. The modified approach requires the City to employ an asset manageme nt system that maintains a current inventory of these assets, estimates annual costs to maintain t hem, and assesses the condition of the assets in a replicable way.
The City uses a computerized pavement management system to trac k the condition levels of each of the street sections. The City’s policy based on current funding is to maintain arterial and collector roadways at an average Pavement Quality Index (PQI) of 72 and residential r oadways at an average PQI of 65, based on a study conducted every three years. This policy allows for minor cracking and revealing of the pavement along with minor roughness that could be noticeable to drivers traveling at posted speed.
At June 30, 2022, the City’s stree ts averaged 66 PQI for arteri al and collector roadways and 63 PQI for residential roadways. The City expended $13.7 million on preser vation of its streets in fiscal year 2022, compared to the budgeted amount of $18.0 million. The most rece nt study, completed subsequent to June 30, 2022, measured over 7,000 segments of roads and found average PQIs of 74 for arterial/collector roads and 73 for residential roads.
DEBT ADMINISTRATION
The City made all scheduled repayments of existing debt. The City continued to draw on its state revolving fund loan for the Pleasant Grove Wastewater Treatment Plant Exp ansion and Energy Recovery Projects.
Each of the City’s debt issues is discussed in detail in Note 9 to the financial statements. As of June 30, 2022 the City’s debt portfolio comprised:
17 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
ECONOMIC FACTORS AND NEXT YEAR’S BUDGET
Economic Factors
Development activity remains strong in most sectors in the City, however single family housing development has begun to slow and normalize. In fiscal year 2022, Roseville issued 1,790 single-family residential building permits, a slight decrease compared to 1,807 in the prior year. The City continues to grow westward, with significant growth occurring in the West Roseville, Sierra Vista Specific Plan, and Creekview areas. 2022 2021
Increase/
Decrease
Gov ernmental Activ ity Debt
Leas e
2013 Public Facilities Refunding, 2.15%, due 8/1/25 4.8 $ 6.1 $ (1.3) $ Loans
Successor Agency - 3.5 (3.5) Certificates of Participation
2015 316 Vernon Street Project, 2.00%-5.00%, due 2/1/34 12.9 13.2 (0.3) Add: deferred debt premium 0.7 0.7 - Total Gov ernmental Activ ity Deb t 18.4$ 23.5$ (5.1)$ Business-typ e Activ ity Deb t
Loans
State Revolving Fund Loans, 1.30%, due 6/10/52 $31.9 $4.3 27.6 $ Total loans 31.9 4.3 27.6
Direct Placement Certificates of Participation
2012 Electric System Revenue Refunding, variable rate, due 2/1/35 54.0 54.0 - Total direct placement deb t 54.0 54.0 - Certificates of Participation
2015 Water Utility Revenue Refunding, 2.00%-5.00%, due 12/1/29 24.8 27.6 (2.8) Add deferred bond prem ium 3.7 4.2 (0.5) Total certificates of participation 28.5 31.8 (3.3) Revenue Bonds
2007 Gas Revenue Bonds
4.00%-5.00%, due 2/15/28 85.4 97.3 (11.9) Add: deferred bond premium 3.7 4.4 (0.7) 2013 Electric System Revenue Refunding
2.00%-5.00%, due 2/1/29 0.9 6.3 (5.4) Add: deferred bond premium 0.5 1.0 (0.5) 2017A Electric System Revenue Refunding
3.0%-5.00%, due 2/1/37 56.0 56.2 (0.2) Add: deferred bond premium 3.6 3.8 (0.2) 2017B Taxable Electric System Revenue Refunding
1.03%-2.41%, due 2/1/22 - 2.5 (2.5) 2020 Refunding Electric System Revenue Bonds
0.39%-2.08%, due 2/1/34 33.8 34.5 (0.7) Total Rev enue Bond s 183.9 206.0 (22.1) Total Business-typ e Activ ity Deb t 298.3$ 296.1 $ 2.2 $ Table 8
Outstanding Debt
(in millions)
As of June 30, 2022 and 2021
18 CITY OF ROSEVILLE
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2022
Unemployment in Roseville rose from three percent prior to the pandemic to a high of 13 percent in 2020, before steadily declining over the past year to below three per cent. The local economy continues to face a number of headwinds. The pace of inflation has accelerated and the federal government began raising interest rates after an extended period of historically low rates. Suppl y chain issues, from material sourcing to manufacturing to distribution, are becoming more severe. Labor shortages have remained a challenge as businesses reopen and face increased demand for products and services.
Next Year’s Budget
General Fund budget appropriations for fiscal year 2022-23 are $228.6 million, an increase of 25.3 percent compared to the fiscal year 2021-22 approved budget. The approved fiscal year 2022-23 General Fund budget incorporates the costs of the City’s negotiated labor agreement s and unavoidable cost increases in other spending categories, but it includes only the most critical augmentations to maintain service levels and address Council priorities given the uncertainty surrounding the economy. In accordance with the Council’s financial policies, the fiscal year 2022-23 General Fund budget matches budgeted expenses with projected revenues, with resources available to increase reserves up to C ouncil-adopted targets, address underfunded pension liabilities, and transfer funding to new capital reserve and pension reserve trust funds.
CONTACTING THE CITY’S FINANCIAL MANAGEMENT
This financial report is intended to provide residents, busines ses, customers, investors and creditors with a general overview of the City’s finances. Please direct any questions about this report to the City of Roseville Finance Department at 311 Vernon Street, Roseville, California, 95678, or to [email protected]. 19 THIS PAGE INTENTIONALLY LEFT BLANK
20 BASIC FINANCIAL STATEMENTS
21 THIS PAGE INTENTIONALLY LEFT BLANK
22 STATEMENT OF NET POSITION AND STATEMENTS OF ACTIVITIES
The purpose of the Statement of Net Position and the Statement of Activities is to summarize the entire City’s financial activities and financial position.
The Statement of Net Position reports the difference between the City’s total assets and deferred outflows of resources and the City’s total liabilities and deferred infl ows of resources, including all the City’s capital assets and all its long-term debt. The Statement of Net Position focuses the reader on the composition of the City’s net position, by subtracting total liabilities and deferred inflows of resources from total assets and deferred outflows of resources and summarizes the financial position of all the City’s governmental activities in a single column, and the financial position of all the City ’s business-type activities in a single column; these columns are followed by a total column that presents the financial position of the entire City.
The City’s governmental activities include the activities of its General Fund, along with the special revenue, capital projects, debt service, and permanent funds. Since the City’s internal service funds predominately service these funds, their activities are consolidated with gov ernmental activities, after eliminating inter-fund transactions and balances. The City’s business-type activities include activities of the enterprise funds. Fiduciary activities are excluded.
The Statement of Activities reports increases and decreases in the City’s net position. It is also prepared on the full accrual basis, which means it includes all the City’s revenues and all its expenses, regardless of when cash changes hands. This differs from the modified accrual basis used in the governmental fund financial statements, which reflect only current assets, current liabilities, available revenues and measurable expenditures.
The Statement of Activities and the Statement of Net Position include the financial activities of the City, the Roseville Finance Authority, the Roseville Natural Gas Financing Authority, the Roseville Community Development Corporation and the City of Roseville Housing Autho rity, which are legally separate, but are component units of the City because they are controlled by the City which is financially accountable for the activities of these entities.
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24 CITY OF ROSEVILLE
STATEMENT OF NET POSITION
Governmental Business-Type
Activities Activities Total
Assets:
Cash and Investments in City Treasury 412,316,503$ 444,962,101$ 857,278,604$ Receivables 46,631,694 54,877,682 101,509,376 Notes and loans 55,379,343 31,890,677 87,270,020 Internal balances 908,425 (908,425) - Prepaid items and other assets 2,689,046 3,591,473 6,280,519 Developer permit fees receivable 9,917,899 - 9,917,899 Due from other governments 5,300,639 - 5,300,639 Inventories 1,595,437 16,946,521 18,541,958 Restricted assets:
Cash and investments in City Treasury 88,786 - 88,786 Cash with fiscal agent 6,098,666 31,580,572 37,679,238 Leases receivable 4,211,516 6,200,035 10,411,551 Investment in NCPA reserves - 6,037,128 6,037,128 Prepaid purchased gas - 89,766,234 89,766,234 Derivatives at fair value - 64,454,784 64,454,784 Capital assets not being depreciated 613,570,874 200,735,088 814,305,962 Capital assets, net of depreciation/amortization 521,988,434 1,716,421,176 2,238,409,610 Total Assets 1,680,697,262 2,666,555,046 4,347,252,308 Deferred Outflows of Resources:
Deferred charge on refunding - 7,936,827 7,936,827 Accumulated decrease in fair value of hedging derivative - 4,190,270 4,190,270 Deferred outflows related to OPEB 11,327,832 6,091,000 17,418,832 Deferred outflows related to pensions 40,981,916 20,356,408 61,338,324 Total Deferred Outflows
of Resources 52,309,748 38,574,505 90,884,253 Liabilities:
Accounts payable 10,415,545 22,317,278 32,732,823 Accrued liabilities 9,081,625 5,854,923 14,936,548 Unearned revenue 32,418,194 16,624,388 49,042,582 Deposits payable 245,436 26,629,626 26,875,062 Net invetment in SPWA reserves - 14,674,266 14,674,266 Derivative at fair value - 4,190,270 4,190,270 Compensated absences:
Due in one year 8,763,084 6,115,682 14,878,766 Due in more than on year 6,470,562 3,348,725 9,819,287 Self-insurance claims payable and litigation settlement:
Due in one year 4,032,419 - 4,032,419 Due in more than on year 9,075,952 - 9,075,952 Other long-term liabilities:
Due in one year 1,741,354 22,700,000 24,441,354 Due in more than on year 16,748,487 275,559,261 292,307,748 Long-term liabilities due in more than one year:
Landfill closure and post closure liability - 584,071 584,071 Net OPEB liability 54,447,669 29,274,000 83,721,669 Net pension liability 174,782,240 101,060,724 275,842,964 Total Liabilities 328,083,450 528,933,214 857,016,664 Deferred Inflows of Resources:
Accumulated increase in fair value of hedging derivatives - 64,454,784 64,454,784 Deferred OPEB related items 36,633,777 19,697,000 56,330,777 Deferred pension related items 57,709,405 29,112,579 86,821,984 Leases deferred inflows 4,182,603 6,079,462 10,262,065 Total Deferred Inflows
of Resources 98,525,785 119,343,825 217,869,610 Net Position:
Net investment in capital assets 1,117,069,795 1,715,883,382 2,832,953,177 Restricted for:
Community development 66,335,821 - 66,335,821 Streets and roads - - - Capital projects 188,838,779 6,302,936 195,141,715 Debt service - 24,737,586 24,737,586 Global warming prevention (AB 32) - 11,415,382 11,415,382 Nonexpendable 15,356,353 - 15,356,353 Unrestricted (81,202,973) 298,513,226 217,310,253 Total Net Position 1,306,397,775$ 2,056,852,512$ 3,363,250,287$ JUNE 30, 2022
Primary Government
See Notes to Financial Statements.
25 CITY OF ROSEVILLE
STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2022
Operating Capital
Charges for Contributions Contributions
Expenses Services and Grants and Grants
Functions/Programs
Primary Government:
Governmental Activities:
General government 34,983,616$ 8,990,775$ 615,913$ -$ Police 45,040,064 5,129,861 795,882 - Fire 34,771,572 1,082,341 1,274,262 - Economic development 463,922 27,956 15,076,271 - Parks and recreation 28,571,207 18,943,647 91,545 - Public works 25,624,477 5,007,696 13,789,563 52,684,183 Library 5,400,847 45,688 - - Development services 36,471,718 30,095,194 36,145 1,737,198 Annexation payments 9,257,913 - - - Housing assistance payments 6,908,949 - - - Interest on long-term debt 3,092,019 - - - Total Governmental Activities 230,586,304 69,323,158 31,679,581 54,421,381 Business-Type Activities:
Electric 147,513,838 169,089,053 - 13,637,848 Water 33,413,271 37,121,021 - 48,221,074 Wastewater 75,201,547 48,216,934 - 81,292,271 Waste Services 27,344,263 35,553,901 - 1,656,783 Roseville Natural Gas Financing Authority 22,061,056 10,348,120 - - Local Transportation 11,588,006 371,942 13,633,647 51,206 School-Age Child Care 4,176,380 5,032,204 567,809 - Total Business-Type Activities 321,298,361 305,733,175 14,201,456 144,859,182 Total Primary Government 551,884,665$ 375,056,333$ 45,881,037$ 199,280,563$ General Revenues:
Taxes:
Property taxes
Bradley-Burns sales taxes
Local sales taxes
Transient occupancy taxes
Other taxes
Franchise fees
Use of money and property
Miscellaneous revenues
Gain (Loss) on sale of capital asset
Transfers
Total General Revenues,
and Transfers
Change in Net Position
Net Position at Beginning of Year
Net Position at End of Year
Program Revenues
See Notes to Financial Statements.
26 Primary Government
Governmental Business-Type
Activities Activities Total
(25,376,928)$ -$ (25,376,928)$ (39,114,321) - (39,114,321) (32,414,969) - (32,414,969) 14,640,305 - 14,640,305 (9,536,015) - (9,536,015) 45,856,965 - 45,856,965 (5,355,159) - (5,355,159) (4,603,181) - (4,603,181) (9,257,913) - (9,257,913) (6,908,949) - (6,908,949) (3,092,019) - (3,092,019) (75,162,184) - (75,162,184) - 35,213,063 35,213,063 - 51,928,824 51,928,824 - 54,307,658 54,307,658 - 9,866,421 9,866,421 - (11,712,936) (11,712,936) - 2,468,789 2,468,789 - 1,423,633 1,423,633 - 143,495,452 143,495,452 (75,162,184) 143,495,452 68,333,268 76,267,537 - 76,267,537 70,621,977 - 70,621,977 28,328,053 - 28,328,053 4,475,343 - 4,475,343 4,737,994 - 4,737,994 2,513,172 - 2,513,172 (22,222,278) (11,424,903) (33,647,181) 9,039,528 3,228,066 12,267,594 - 168,975 168,975 8,320,211 (8,320,211) -
182,081,537 (16,348,073) 165,733,464 106,919,353 127,147,379 234,066,732 1,199,478,422 1,929,705,133 3,129,183,555 1,306,397,775$ 2,056,852,512$ 3,363,250,287$ Net (Expenses) Revenues and Changes in Net Position
See Notes to Financial Statements.
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28 FUND FINANCIAL STATMENTS
Major funds are defined generally as having significant activities or balances in the current year.
The funds described below were determined to be major funds by the City in fiscal year 2022. Individual non-major funds may be found in the supplemental information section.
General Fund
The General Fund is used for all the general revenues of the City not specifically levied or collected for other City funds and the related expenditures. The General Fund accou nts for all financial resources of a governmental unit which are not accounted for in another fund.
Community Facilities Districts Capital Projects Fund
This fund is used to account for the construction of infrastruc ture improvements, or reimbursement to developers for such improvements, funded by special taxes levied against benefited properties.
29 CITY OF ROSEVILLE
BALANCE SHEET
GOVERNMENTAL FUNDS
JUNE 30, 2022
Capital Projects
Fund
Other Total
Governmental Governmental
General Funds Funds
Assets:
Cash and investments 119,838,857$ 5,539,503$ 223,195,496$ 348,573,856$ Receivables 26,436,231 25,607 17,344,637 43,806,475 Notes and loans 11,271,801 - 44,107,542 55,379,343 Prepaids 65,439 - 3,289 68,728 Developer permit fees receivable 1,601,603 - 8,316,296 9,917,899 Due from other governments - - 5,300,639 5,300,639 Due from other funds 614,494 - 480,311 1,094,805 Advances to other funds 4,483,368 - - 4,483,368 Inventories 269,496 - - 269,496 Restricted assets:
Cash and investments - - 88,786 88,786 Cash and investments with fiscal agents - 6,098,666 - 6,098,666 Leases receivable 4,211,516 - - 4,211,516 Total Assets 168,792,805$ 11,663,776$ 298,836,996$ 479,293,577$ Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable 3,801,252$ 1,325,864$ 4,017,435$ 9,144,551$ Accrued liabilities 6,054,563 - 2,459,380 8,513,943 Unearned revenues 14,756,087 - 17,662,107 32,418,194 Deposits payable 146,650 - 98,786 245,436 Due to other funds - - 1,780,158 1,780,158 Advances from other funds - - 8,207,545 8,207,545 Total Liabilities 24,758,552 1,325,864 34,225,411 60,309,827 Deferred Inflows of Resources:
Unavailable revenues 1,197,313 - 53,586,572 54,783,885 Leases 4,182,603 - - 4,182,603 Total Deferred Inflows of Resources 5,379,916 - 53,586,572 58,966,488 Fund Balances:
Nonspendable 16,090,104 - 15,359,642 31,449,746 Restricted - 10,337,912 193,334,130 203,672,042 Committed 40,548,686 - - 40,548,686 Assigned 5,487,506 - 4,851,442 10,338,948 Unassigned 76,528,041 - (2,520,201) 74,007,840 Total Fund Balances 138,654,337 10,337,912 211,025,013 360,017,262 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances 168,792,805$ 11,663,776$ 298,836,996$ 479,293,577$ Community
Facilities
Districts
See Notes to Financial Statements.
30 CITY OF ROSEVILLE
RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF NET POSITION
JUNE 30, 2022
Total Fund Balances - Total Governmental Funds 360,017,262$ Amounts reported for governmental activities in the Statement of Net Position are different from those reported in the governmental funds above because of the following:
Capital Assets
Capital assets used in Governmental Activities are not current assets or financial resources and therefore are not reported in the Governmental Funds. 1,011,897,869 Allocation of Internal Service Fund Net Position
Internal service funds are used to charge the costs of certain activities such as insurance, post employment benefits, facility maintenance, and information technology. The net position of the internal service funds are therefore included in governmental activities in the statement of net position. 158,325,393
Long-Term Liabilities
Long-term liabilities are not due and payable in the current period and, therefore, are not reported in the governmental funds:
Direct placement debt and certificates of participation (18,320,385)$ Lease payable (169,456)
Interest payable (286,438)
Compensated absences (13,709,482)
Net OPEB liability (49,107,669)
Net pension liability (158,990,154) (240,583,584)
Deferred Outflows/(Inflows) of Resources
Deferred outflows related to pensions 37,800,955
Deferred inflows related to pensions (53,160,177)
Deferred outflows related to OPEB 10,216,832
Deferred inflows related to OPEB (33,039,777)
Unavailable revenue in the governmental funds is revenue in the governmental activities 54,923,002 16,740,835 Net Position of Governmental Activities 1,306,397,775$
See Notes to Financial Statements.
31 CITY OF ROSEVILLE
STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Capital Projects
Funds
Other Total
Governmental Governmental
General Funds Funds
Revenues:
Taxes 171,452,694$ -$ 15,491,382$ 186,944,076$ Licenses and permits 5,035,341 - - 5,035,341 Subventions and grants 3,655,923 - 24,268,480 27,924,403 Charges for services 20,033,852 - 43,353,458 63,387,310 Use of money and property (5,663,154) (295,612) (12,877,584) (18,836,350) Fines, forfeitures and penalties 271,999 - 198,531 470,530 Contributions from developers and others 585,945 - 4,091,583 4,677,528 Miscellaneous revenues 2,852,726 2,866,073 2,788,273 8,507,072 Revenue from others - 50,760,541 2,738,490 53,499,031 Total Revenues 198,225,326 53,331,002 80,052,613 331,608,941 Expenditures:
Current:
General government 23,417,848 - 5,621,862 29,039,710 Police 51,057,959 - 4,346,289 55,404,248 Fire 42,848,069 - 827,055 43,675,124 Economic development 838,793 - 9,113,522 9,952,315 Parks and recreation 21,445,079 - 11,364,206 32,809,285 Public works 8,355,246 - 11,375,424 19,730,670 Library 5,540,892 - - 5,540,892 Development services 19,736,702 13,648,497 4,710,731 38,095,930 Annexation payments 9,257,913 - - 9,257,913 Capital outlay 3,851,883 48,109,056 10,915,833 62,876,772 Debt service:
Principal retirement 38,790 - 3,914,433 3,953,223 Interest and fiscal charges 12,437 1,549,464 1,563,974 3,125,875 Total Expenditures 186,401,611 63,307,017 63,753,329 313,461,957 Excess (Deficiency) of Revenues
Over (Under) Expenditures 11,823,715 (9,976,015) 16,299,284 18,146,984 Other Financing Sources (Uses):
Transfers in 16,494,995 - 8,969,248 25,464,243 Transfers out (8,714,100) - (13,691,350) (22,405,450) Proceeds from leases 208,245 - - 208,245 Proceeds from sale of capital assets 192,683 - - 192,683 Total Other Financing Sources
(Uses) 8,181,823 - (4,722,102) 3,459,721 Net Change in Fund Balances 20,005,538 (9,976,015) 11,577,182 21,606,705 Fund Balances, Beginning of Year 118,648,799 20,313,927 199,447,831 338,410,557 Fund Balances, End of Year 138,654,337$ 10,337,912$ 211,025,013$ 360,017,262$ Community
Facilities
Districts
See Notes to Financial Statements.
32 CITY OF ROSEVILLE
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
YEAR ENDED JUNE 30, 2022
Net Change in Fund Balances - Total Governmental Funds 21,606,705$ Amounts reported for governmental activities in the statement of activities are different from those reported in the governmental funds because of the following:
Capital Assets Transactions
Governmental funds report capital outlays as expenditures. 84,657,140$ Non-capitalized capital outlay expenditures are reclassified to various governmental activities.
In the statement of activities the cost of capital assets is allocated over their estimated useful lives as depreciation expense (net of depreciation on (17,693,039) internal service fund capital assets of $11,230,972).
Proceeds from the sale of assets are deducted from fund balance (192,537) Loss on sales of assets (1,263,771)
Amortization of right-to-use leased assets (39,118) 65,468,675 Long Term Debt Transactions
Issuance of debt and repayment of principal is an other financing source and expenditure, respectively, in the governmental funds but in the statement of net position the transactions increase and reduce long term liabilities.
Payment of debt principal 5,124,997
Amortization of premium 27,808
Payment of lease principal 38,790 5,191,595 Pension Related Items
Governmental funds report pension contributions as expenditures. However, in the Statement of Activities, pension expense is measured as the change in net pension liability and the amortization of deferred outflows and inflows related to pensions. This amount represents the net change in pension related amounts. 3,783,458
OPEB Related Items
Governmental funds report OPEB contributions as expenditures. However, in the Statement of Activities, OPEB expense is measured as the change in net OPEB liability and the amortization of deferred outflows and inflows related to OPEB. This amount represent the net change in OPEB related amounts. 5,999,490
Accrual of Non-Current Items
Certain amounts included in the Statement of Activities do not require the use of current financial resources and therefore are not reported as revenue or expenditures in governmental funds (net change):
Compensated absences 495,569
Interest payable 6,048 501,617
Unavailable Revenues
Revenue and other resources not available to fund liabilities of the current period are not recognized in governmental funds. Revenue in the statement of activities is not limited by availability, so certain revenues need to be reduced by the amounts that were unavailable at the beginning of the year and increased by the amounts that were unavailable at the end of the year.
This adjustment is the change between prior year's unavailable revenues and the current year unavailable revenues. 1,238,836
Allocation of Internal Service Fund Activity
Internal Service Funds are used by management to charge the costs of certain activities, such as equipment acquisition, maintenance, and insurance to individual funds. The portion of the net revenue (expense) of these Internal Service Funds arising out of their transactions with Governmental Funds is reported with governmental activities because they service those activities. 3,128,977 Change in Net Position of Governmental Activities 106,919,353$ See Notes to Financial Statements.
33 THIS PAGE INTENTIONALLY LEFT BLANK
34 PROPRIETARY FUNDS
Proprietary funds account for City operations financed and operated in a manner similar to a private business enterprise. The intent of the City is that the cost of providing goods and services be financed primarily through user charges.
The City has identified the funds below as major enterprise funds in fiscal year 2022.
Electric Fund
This fund accounts for all financial transactions relating to the City’s electric services. Services are on a user charge basis to residents and business owners located in the City.
Water Fund
This fund accounts for all financial transactions relating to the City’s water services. Services are on a user charge basis to residents and business owners located in the City.
Wastewater Fund
This fund accounts for all financial transactions relating to t he City’s wastewater collection and treatment services. Services are on a user charge basis to residents and business owners located in the City.
Waste Services Fund
This fund accounts for all financial transactions relating to the City’s solid waste services. Services are on a user charge basis to residents and business owners located in the City.
Roseville Natural Gas Financing Authority
This fund accounts for financing and purchasing pre-paid natura l gas for the generation of power for the Roseville Energy Park.
Internal Service Funds
These funds account for activities and services performed by a designated department for other departments in the City.
35 CITY OF ROSEVILLE
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
JUNE 30, 2022
Assets:
Current:
Cash and investments 189,563,511$ 124,407,367$ 79,493,030$ 36,323,648$ Receivables 23,475,611 9,791,064 12,655,994 3,944,852 Notes and loans - 39,393 31,851,284 - Prepaid costs 3,591,473 - - - Due from other funds - - - - Inventories 13,179,596 3,404,805 141,198 220,922 Leases receivable 6,200,035 - - - Restricted:
Cash with fiscal agent 16,332,511 6,302,936 - - Total Current Assets 252,342,737 143,945,565 124,141,506 40,489,422 Noncurrent:
Prepaid purchased gas - - - - Investment in NCPA reserves 6,037,128 - - - Derivative instruments - - - - Advances to other funds - - - - Capital assets not being depreciated 19,323,671 54,627,305 112,229,315 2,454,882 Capital assets - net of accumulated depreciation 471,460,905 571,805,366 639,838,517 2,049,175 Total Noncurrent Assets 496,821,704 626,432,671 752,067,832 4,504,057 Total Assets 749,164,441 770,378,236 876,209,338 44,993,479 Deferred Outflows of Resources:
Deferred charge on refunding 6,573,546 1,363,281 - - Accumulated decrease in fair value of hedging derivative 4,190,270 - - - Deferred OPEB related items 2,169,000 883,000 1,248,000 818,000 Deferred pension related items 9,563,510 3,112,132 3,881,062 2,251,076 Total Deferred Outflows of Resources 22,496,326 5,358,413 5,129,062 3,069,076 Liabilities:
Current:
Accounts payable 9,378,855 6,049,406 4,940,360 1,160,164 Accrued liabilities 2,575,976 430,919 715,221 310,192 Unearned revenues - 8,863 1,013 - Deposits payable 21,704,916 84,322 86,327 72,306 Due to other funds - - - - Accrued compensated absences 2,973,494 855,901 1,188,525 712,786 Accrued claims and judgments - - - - Long-term debt - due within one year 7,205,000 2,975,000 - - Child development reserves - - - - Total Current Liabilities 43,838,241 10,404,411 6,931,446 2,255,448 Noncurrent:
Advances from other funds - - - - Net Investment in SPWA reserves - - 14,674,266 - Derivative at fair value 4,190,270 - - - Accrued compensated absences 1,580,550 547,617 712,123 360,131 Accrued claims and judgments - - - - Net OPEB liability 10,427,000 4,242,000 5,998,000 3,932,000 Net pension liability 47,478,679 15,450,379 19,267,783 11,175,618 - - - - Landfill closure and post closure liability - - - 584,071 Long-term debt - due in more than one year 141,642,711 25,535,715 31,851,283 - Total Noncurrent Liabilities 205,319,210 45,775,711 72,503,455 16,051,820 Total Liabilities 249,157,451 56,180,122 79,434,901 18,307,268 Deferred Inflows of Resources:
Accumulated increase in fair value of hedging derivatives - - - - Deferred OPEB related items 7,015,000 2,854,000 4,035,000 2,646,000 Deferred pension related items 13,677,191 4,450,793 5,550,473 3,219,363 Leases deferred inflows 6,079,462 - - - Total Deferred Inflows of Resources 26,771,653 7,304,793 9,585,473 5,865,363 Net Position:
Net investment in capital assets 348,510,411 599,285,237 720,216,549 4,504,057 Restricted for capital projects - 6,302,936 - - Restricted for debt service 15,087,251 4,134,075 5,516,260 - Restricted for sustainable energy programs (AB 32) 11,415,382 - - - Unrestricted 120,718,619 102,529,486 66,585,217 19,385,867 Total Net Position 495,731,663$ 712,251,734$ 792,318,026$ 23,889,924$ Business-Type Activities - Enterprise Funds
Electric Water Wastewater Waste Services
See Notes to Financial Statements.
36 CITY OF ROSEVILLE
STATEMENT OF NET POSITION
PROPRIETARY FUNDS
JUNE 30, 2022
Assets:
Current:
Cash and investments
Receivables
Notes and loans
Prepaid costs
Due from other funds
Inventories
Leases receivable
Restricted:
Cash with fiscal agent
Total Current Assets
Noncurrent:
Prepaid purchased gas
Investment in NCPA reserves
Derivative instruments
Advances to other funds
Capital assets not being depreciated
Capital assets - net of accumulated depreciation
Total Noncurrent Assets
Total Assets
Deferred Outflows of Resources:
Deferred charge on refunding
Accumulated decrease in fair value of hedging derivative Deferred OPEB related items
Deferred pension related items
Total Deferred Outflows of Resources
Liabilities:
Current:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other funds
Accrued compensated absences
Accrued claims and judgments
Long-term debt - due within one year
Child development reserves
Total Current Liabilities
Noncurrent:
Advances from other funds
Net Investment in SPWA reserves
Derivative at fair value
Accrued compensated absences
Accrued claims and judgments
Net OPEB liability
Net pension liability
Landfill closure and post closure liability
Long-term debt - due in more than one year
Total Noncurrent Liabilities
Total Liabilities
Deferred Inflows of Resources:
Accumulated increase in fair value of hedging derivatives Deferred OPEB related items
Deferred pension related items
Leases deferred inflows
Total Deferred Inflows of Resources
Net Position:
Net investment in capital assets
Restricted for capital projects
Restricted for debt service
Restricted for sustainable energy programs (AB 32)
Unrestricted
Total Net Position
Governmental
Activities-
Internal
Totals Service Funds
-$ 15,174,545 $ 444,962,101$ 63,742,647 $ 9 5,010,152 54,877,682 2,825,219 - - 31,890,677 - - - 3,591,473 2,620,318 - - - 758,778 - - 16,946,521 1,325,941 - - 6,200,035 - 8,945,125 - 31,580,572 - 8,945,134 20,184,697 590,049,061 71,272,903 89,766,234 - 89,766,234 - - - 6,037,128 - 64,454,784 - 64,454,784 - - - - 4,559,177 - 12,099,915 200,735,088 750,553 - 31,267,213 1,716,421,176 122,910,886 154,221,018 43,367,128 2,077,414,410 128,220,616 163,166,152 63,551,825 2,667,463,471 199,493,519 - - 7,936,827 - - - 4,190,270 - - 973,000 6,091,000 1,111,000 - 1,548,628 20,356,408 3,180,961 - 2,521,628 38,574,505 4,291,961 2,702 785,791 22,317,278 1,270,994 1,600,688 221,927 5,854,923 281,244 - 16,614,394 16,624,270 - 4,681,755 - 26,629,626 - 18,425 55,000 73,425 - - 384,976 6,115,682 923,511 - - - 4,032,419 12,520,000 - 22,700,000 - - 118 118 - 18,823,570 18,062,206 100,315,322 6,508,168 - 835,000 835,000 - - - 14,674,266 - - - 4,190,270 - - 148,304 3,348,725 600,653 - - - 9,075,952 - 4,675,000 29,274,000 5,340,000 - 7,688,265 101,060,724 15,792,086 - - - - - - 584,071 - 76,529,552 - 275,559,261 - 76,529,552 13,346,569 429,526,317 30,808,691 95,353,122 31,408,775 529,841,639 37,316,859 64,454,784 - 64,454,784 - - 3,147,000 19,697,000 3,594,000 - 2,214,759 29,112,579 4,549,228 - - 6,079,462 - 64,454,784 5,361,759 119,343,825 8,143,228 - 43,367,128 1,715,883,382 123,661,439 - - 6,302,936 - - - 24,737,586 - - - 11,415,382 - 3,358,246 (14,064,209) 298,513,226 34,663,954 3,358,246$ 29,302,919$ 2,056,852,512$ 158,325,393$ Business-Type Activities - Enterprise Funds
Other Enterprise
Funds
Roseville
Natural Gas
Financing
Authority
See Notes to Financial Statements.
37 CITY OF ROSEVILLE
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN NET POSITION
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Operating Revenues:
Sales and service charges 169,089,053$ 37,121,021$ 48,216,934$ 35,553,901$ Miscellaneous 1,182,178 492,018 559,012 498,341 Total Operating Revenues 170,271,231 37,613,039 48,775,946 36,052,242 Operating Expenses:
Administration and general 5,059,526 4,399,372 2,936,673 3,045,056 Depreciation and amortization 23,838,296 11,463,822 14,165,911 255,164 Operations 45,886,513 16,083,291 34,228,805 24,044,043 Power supply 68,332,508 - - - Claims expense - - - - Total Operating Expenses 143,116,843 31,946,485 51,331,389 27,344,263 Operating Income (Loss) 27,154,388 5,666,554 (2,555,443) 8,707,979 Nonoperating Revenues (Expenses):
Subventions and grants 2,379,487 47,729 4,620,320 2,960 Interest revenue (loss) (8,397,554) (6,986,115) (4,429,525) (2,145,972) Interest expense (5,275,495) (1,466,786) (241,432) - Increase (decrease) in JPA reserves 878,500 - (23,628,726) - Gain (loss) on disposal of capital assets 471,061 - (292,432) - Total Nonoperating
Revenues (Expenses) (9,944,001) (8,405,172) (23,971,795) (2,143,012) Income (Loss) Before Transfers 17,210,387 (2,738,618) (26,527,238) 6,564,967 and Capital Contributions
Capital contributions - connection/impact fees 2,181,088 17,326,076 20,529,881 875,780 Contributions in aid of construction 2,178,834 - - - Capital contributions from developers and other agencies 6,898,439 30,847,269 56,142,070 778,043 Transfers in 30,351 1,205,384 89,223 67,579 Transfers out (6,881,996) (1,855,714) (1,169,278) (3,403,800) Changes in Net Position 21,617,103 44,784,397 49,064,658 4,882,569 Net Position:
Beginning of Fiscal Year 474,114,560 667,467,337 743,253,368 19,007,355 End of Fiscal Year 495,731,663$ 712,251,734$ 792,318,026$ 23,889,924$ Business-Type Activities - Enterprise Funds
Electric Water Wastewater Waste Services
See Notes to Financial Statements.
38 CITY OF ROSEVILLE
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN NET POSITION
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Operating Revenues:
Sales and service charges
Miscellaneous
Total Operating Revenues
Operating Expenses:
Administration and general
Depreciation and amortization
Operations
Power supply
Claims expense
Total Operating Expenses
Operating Income (Loss)
Nonoperating Revenues (Expenses):
Subventions and grants
Interest revenue (loss)
Interest expense
Increase (decrease) in JPA reserves
Gain (loss) on disposal of capital assets
Total Nonoperating
Revenues (Expenses)
Income (Loss) Before Transfers
and Capital Contributions
Capital contributions - connection/impact fees
Contributions in aid of construction
Capital contributions from developers and other agencies Transfers in
Transfers out
Changes in Net Position
Net Position:
Beginning of Fiscal Year
End of Fiscal Year
Governmental
Other Activities-
Enterprise Internal
Funds Totals Service Funds
10,348,120$ 5,404,146$ 305,733,175$ 52,108,223$ - 496,517 3,228,066 815,399 10,348,120 5,900,663 308,961,241 52,923,622 9,309 1,422,473 16,872,409 11,415 - 1,848,685 51,571,878 11,230,972 - 12,480,325 132,722,977 31,121,666 18,133,392 - 86,465,900 - - - - 9,029,680 18,142,701 15,751,483 287,633,164 51,393,733 (7,794,581) (9,850,820) 21,328,077 1,529,889 - 14,201,456 21,251,952 - 11,488,227 (953,964) (11,424,903) (3,662,330) (3,918,355) (12,903) (10,914,971) - - - (22,750,226) - - (9,654) 168,975 - 7,569,872 13,224,935 (23,669,173) (3,662,330) (224,709) 3,374,115 (2,341,096) (2,132,441) - - 40,912,825 - - - 2,178,834 - - 51,206 94,717,027 - - 3,598,040 4,990,577 5,261,418 - - (13,310,788) - (224,709) 7,023,361 127,147,379 3,128,977 3,582,955 22,279,558 1,929,705,133 155,196,416 3,358,246$ 29,302,919$ 2,056,852,512$ 158,325,393$ Business-Type Activities - Enterprise Funds
Roseville Natural
Gas Financing
Authority
See Notes to Financial Statements.
39 CITY OF ROSEVILLE
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:
Cash received from customers and users 175,457,520$ 37,201,232$ 45,412,966$ 35,439,081$ Cash paid to suppliers for goods and services (81,236,837) (16,838,182) (19,987,218) (22,274,138) Cash paid to employees for services (45,543,633) (11,785,637) (15,698,761) (7,606,969) Claims paid - - - Net Cash Provided (Used) by Operating Activities 48,677,050 8,577,413 9,726,987 5,557,974 Cash Flows from Non-Capital
Financing Activities:
Cash transfers out (6,881,996) (1,855,714) (1,169,278) (3,403,800) Cash transfers in 30,351 1,205,384 89,223 67,579 Increase (decrease) in due to other funds (18,035) - - - Changes in deposits 18,249,122 84,283 24,624 21,511 Payments/issuances of notes and loans receivable - 8,754 (27,506,922) - Receipts of advances to other funds - - - - Receipts in advances from other funds - - - - Subventions and grants 2,379,487 47,729 4,620,320 2,960 Net Cash Provided (Used) by
Non-Capital Financing Activities 13,758,929 (509,564) (23,942,033) (3,311,750) Cash Flows from Capital
and Related Financing Activities:
Capital contributions 2,359,124 1,755,564 30,802,078 - Acquisition and construction of capital assets (25,900,924) (27,490,118) (32,637,390) (601,528) Principal paid on capital debt (8,755,000) (2,825,000) - - Interest paid on capital debt (5,275,495) (1,466,786) (241,432) - Increase/decrease in advance from other funds - - - - Proceeds from capital debt issued - - 27,506,921 - Proceeds from sale of capital assets 893,466 - - - Connection/impact fees 2,181,088 17,326,076 20,529,881 875,780 Net Cash Provided (Used) by
Capital and Related Financing Activities (34,497,741) (12,700,264) 45,960,058 274,252 Cash Flows from Investing Activities:
Investment in JPA Reserves - - (22,181,859) Fair market adjustment (13,131,688) (8,548,186) (5,467,800) (2,495,644) Interest received 4,734,134 1,562,071 1,038,275 349,672 Net Cash Provided (Used) by
Investing Activities (8,397,554) (6,986,115) (26,611,384) (2,145,972) Net Increase (Decrease) in Cash
and Cash Equivalents 19,540,684 (11,618,530) 5,133,628 374,504 Cash and Cash Equivalents at Beginning of Year 186,355,338 142,328,833 74,359,402 35,949,144 Cash and Cash Equivalents at End of Year 205,896,022$ 130,710,303$ 79,493,030$ 36,323,648$ Wastewater Waste Services
Business-Type Activities - Enterprise Funds
Electric Water
See Notes to Financial Statements.
40 CITY OF ROSEVILLE
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Wastewater Waste Services
Business-Type Activities - Enterprise Funds
Electric Water
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:
Operating income (loss) 27,154,388$ 5,666,554$ (2,555,443)$ 8,707,979$ Adjustments to Reconcile Operating Income (Loss)
Net Cash Provided (Used) by Operating Activities:
Depreciation and amortization 23,838,296 11,463,822 14,165,911 255,164 (Increase) decrease in receivables 5,186,289 (414,367) (3,363,990) (613,161) (Increase) decrease in inventory (279,845) (253,735) (2,063) (27,344) (Increase) decrease in prepaid expense 1,641,015 - - - Increase (decrease) in accounts payable (1,499,988) (2,024,820) 3,243,751 194,194 Increase (decrease) in accrued liabilities 50,288 32,564 287,923 47,787 Increase (decrease) in unearned revenue - 2,560 1,010 - Increase (decrease) in net pension liability (21,140,341) (6,511,944) (8,639,624) (4,689,113) Increase (decrease) in OPEB liability 4,825,462 (3,338,000) 129,000 (1,525,000) (Increase) decrease in deferred pension related items 8,291,664 4,660,267 5,890,159 3,367,686 (Increase) decrease in deferred OPEB related items 631,000 (763,000) 669,000 (141,000) Increase (decrease) in compensated absences (21,178) 57,512 (98,647) (19,218) Total Adjustments 21,522,662 2,910,859 12,282,430 (3,150,005) Net Cash Provided (Used) by
Operating Activities 48,677,050$ 8,577,413$ 9,726,987$ 5,557,974$ Non-Cash Investing, Capital, and Financing Activities:
Capital assets transferred to governmental activities -$ -$ (11,241)$ -$ Net amortization of premium and deferred loss (742,753) (461,963) - - Capital contributions 6,718,149 29,091,705 25,339,992 - Transfer of land - 676,610 - -
Gain/(Loss) on disposition of capital assets (140,177)
See Notes to Financial Statements.
41 CITY OF ROSEVILLE
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Cash Flows from Operating Activities:
Cash received from customers and users
Cash paid to suppliers for goods and services
Cash paid to employees for services
Claims paid
Net Cash Provided (Used) by Operating Activities
Cash Flows from Non-Capital
Financing Activities:
Cash transfers out
Cash transfers in
Increase (decrease) in due to other funds
Changes in deposits
Payments/issuances of notes and loans receivable
Receipts of advances to other funds
Receipts in advances from other funds
Subventions and grants
Net Cash Provided (Used) by
Non-Capital Financing Activities
Cash Flows from Capital
and Related Financing Activities:
Capital contributions
Acquisition and construction of capital assets
Principal paid on capital debt
Interest paid on capital debt
Increase/decrease in advance from other funds
Proceeds from capital debt issued
Proceeds from sale of capital assets
Connection/impact fees
Net Cash Provided (Used) by
Capital and Related Financing Activities
Cash Flows from Investing Activities:
Investment in JPA Reserves
Fair market adjustment
Interest received
Net Cash Provided (Used) by
Investing Activities
Net Increase (Decrease) in Cash
and Cash Equivalents
Cash and Cash Equivalents at Beginning of Year
Cash and Cash Equivalents at End of Year
Governmental
Other Activities-
Enterprise Internal
Funds Totals Service Funds
10,348,139$ 18,263,308$ 322,122,246$ 52,964,388$ (5,007,628) (12,027,181) (157,371,184) (29,400,842) - (3,672,681) (84,307,681) (4,701,344) - - - (9,029,680) 5,340,511 2,563,446 80,443,381 9,832,522 - - (13,310,788) - - 3,598,040 4,990,577 5,261,418 (25,801) (2,397,396) (2,441,232) (175,037) (10,000) (15) 18,369,525 - - - (27,498,168) - - - - 770,413 - - - 663,361 - 14,201,456 21,251,952 - (35,801) 15,402,085 1,361,866 6,520,155 - 51,206 34,967,972 - - (5,446,034) (92,075,994) (5,221,890) (11,920,000) - (23,500,000) - (4,141,855) (12,903) (11,138,471) - - (55,000) (55,000) - - - 27,506,921 - - 7,679 901,145 - - - 40,912,825 - (16,061,855) (5,455,052) (22,480,602) (5,221,890) - (22,181,859) -
248 (1,045,146) (30,688,216) (4,384,838) 10,752,069 91,300 18,527,521 722,508 10,752,317 (953,846) (34,342,554) (3,662,330) (4,828) 11,556,633 24,982,091 7,468,457 8,949,953 3,617,912 451,560,582 56,274,190 8,945,125$ 15,174,545$ 476,542,673$ 63,742,647$ Roseville Natural
Gas Financing
Authority
Business-Type Activities - Enterprise Funds
See Notes to Financial Statements.
42 CITY OF ROSEVILLE
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
YEAR ENDED JUNE 30, 2022
Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:
Operating income (loss)
Adjustments to Reconcile Operating Income (Loss)
Net Cash Provided (Used) by Operating Activities:
Depreciation and amortization
(Increase) decrease in receivables
(Increase) decrease in inventory
(Increase) decrease in prepaid expense
Increase (decrease) in accounts payable
Increase (decrease) in accrued liabilities
Increase (decrease) in unearned revenue
Increase (decrease) in net pension liability
Increase (decrease) in OPEB liability
(Increase) decrease in deferred pension related items
(Increase) decrease in deferred OPEB related items
Increase (decrease) in compensated absences
Total Adjustments
Net Cash Provided (Used) by
Operating Activities
Non-Cash Investing, Capital, and Financing Activities:
Capital assets transferred to governmental activities
Net amortization of premium and deferred loss
Capital contributions
Transfer of land
Gain/(Loss) on disposition of capital assets
Governmental
Other Activities-
Enterprise Internal
Funds Totals Service Funds
Roseville Natural
Gas Financing
Authority
Business-Type Activities - Enterprise Funds
(7,794,581)$ (9,850,820)$ 21,328,077$ 1,529,889$ - 1,848,685 51,571,878 11,230,972 19 2,615,357 3,410,147 40,766 - - (562,987) (257,620) 13,132,541 - 14,773,556 (2,546,995) 2,532 (169,743) (254,074) 474,643 - 36,778 455,340 76,795 - 9,747,288 9,750,858 - - (4,099,081) (45,080,103) (6,603,019) - (373,000) (281,538) (1,384,000) - 2,448,863 24,658,639 4,755,329 - 353,000 749,000 55,000 - 6,119 (75,412) (66,738) 13,135,092 12,414,266 59,115,304 8,302,633 5,340,511$ 2,563,446$ 80,443,381$ 9,832,522$ -$ -$ (11,241)$ -$ - (9,654) (1,214,370) - - 51,206 61,201,052 - - - 676,610 -
See Notes to Financial Statements.
43 THIS PAGE INTENTIONALLY LEFT BLANK
44 FIDUCIARY FUNDS
Fiduciary funds are presented separately from the government-wide and fund financial statements. The City had the following types of fiduc iary funds in fiscal year 2022:
Other Post-Employment Benefits Trust Fund
This fund is used to account for assets held by the City as a trustee agent for the members and beneficiaries of the other post-employment benefit plan.
Private-Purpose Trust Funds
These funds are used to account for trust arrangements under which principal and income benefit private organizations or other governments.
Custodial Funds
These funds are used to account for assets held by the City custodian for individuals, private organizations, and other governments.
45 CITY OF ROSEVILLE
STATEMENT OF FIDUCIARY NET POSITION
FIDUCIARY FUNDS
JUNE 30, 2022
Assets:
Cash and investments in City Treasury -$ 6,940,309$ 140,687,927$ OPEB Plan Assets:
Money market funds 9,318,931 - - Domestic equity funds 73,844,038 - - Fixed income securities 40,270,436 - - Real estate partnership 6,074,093 - - Receivables:
Accounts - 120,431 18,145,763 Restricted assets:
Cash and investments with fiscal agents - 52,107 77,745,924 Total Assets 129,507,498 7,112,847 236,579,614 Deferred Outflows of Resources:
Deferred charge on refunding - - 17,253,963 Total Deferred Outflows of Resources - - 17,253,963 Liabilities:
Accounts payable 8,742 11 9,922,037 Accrued liabilities - 740,746 7,709,147 Unearned revenues - - 28,108 Deposits payable - - 227,479 Due to other government agencies - - 7,187,507 Long-term liabilities:
Bonds due in one year - 1,212,132 21,312,000 Bonds due in more than one year - 40,105,142 646,541,519 Total Liabilities 8,742 42,058,031 692,927,797 Net Position (Deficit):
Restricted for OPEB 129,498,756 - - - (34,945,184) (439,094,220) Total Net Position (Deficit) 129,498,756$ (34,945,184)$ (439,094,220)$ Custodial
Funds
Held in trust for private purposes, organizations and other governments
Other Post
Employment
Benefits Trust
Fund
Private-
Purpose Trust
Funds
See Notes to Financial Statements.
46 CITY OF ROSEVILLE
STATEMENT OF CHANGES IN FIDUCIARY NET POSITION
FIDUCIARY FUNDS
YEAR ENDED JUNE 30, 2022
Additions:
Property taxes, net of pass through payments -$ 2,963,759$ 41,930,309$ Intergovernmental - - 4,584,159 Investment income (18,254,008) (448,621) (5,916,511) Contributions from City 13,494,470 - - Contributions from members - - 32,022,093 Miscellaneous - 39,225 16,670,387 Total Additions (4,759,538) 2,554,363 89,290,437 Deductions:
Retiree health plan benefits 8,743,042 - - Administrative expenses 75,789 1,392 946,418 Contractual services - 136,380 1,900 Interest and fiscal charges - 837,541 26,275,355 Contributions to other governments - 388,986 98,788,169 Total Deductions 8,818,831 1,364,299 126,011,842 Changes in Net Position (13,578,369) 1,190,064 (36,721,405) Net Position - Beginning of the Year 143,077,125 (36,135,248) (404,899,388) Restatements - - 2,526,573 Net Position - Beginning of the Year, as Restated 143,077,125 (36,135,248) (402,372,815) Net Position - End of the Year 129,498,756$ (34,945,184)$ (439,094,220)$ Custodial
Funds
Other Post
Employment
Benefits Trust
Fund
Private-
Purpose Trust
Funds
See Notes to Financial Statements.
47 THIS PAGE INTENTIONALLY LEFT BLANK
48 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2022
Note 1: Summary of Significant Accounting Policies
The City of Roseville (City) was incorporated on April 10, 1909 under provisions of Act 279, P.A. 1909, as amended (Home Rule City). The City operates under the Council-Manager form of government and provides the following services: public safety (police and fire), street s, water, wastewater, waste services, electric, local transportation, school-age child care, golf course, parks and recreation, public improvements, planning and zoning, libraries, general administration services, economic development, and housing.
The financial statements and accounting policies of the City co nform with generally accepted accounting principles in the United States of America applicable to govern ments. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body fo r establishing governmental accounting and financial reporting principles. Significant accounting policies are summarized below:
a. Reporting Entity
The accompanying basic financial statements present the financi al activity of the City, which the primary government presented, along with the financial activities of its component units, which are entities for which the City is financially accountable. Although they are separate legal entities, blended component units are, in substance, part of the City’s operations and are reported as an integral part of the City’s financial statements. The City’s component units which are described below are all blended component units.
The Roseville Finance Authority is a separate government entity whose purpose is to assist with the financing or refinancing of certain public capital facilities w ithin the City. The Authority has the power to purchase bonds issued by any local agency at public or negotiated sale and may sell such bonds to public or private purchasers at public or negotiated sale. The Authority is controlled by the City and has the same governing body as the City, which also performs all accounting and administrative functions for the Authority.
The financial activities of the Authority are included in the R oseville Finance Authority Debt Service Fund and Capital Projects Fund.
The City of Roseville Housing Authority is a separate government entity whose purpose is to assist with the housing for the City’s extre mely low and very low-income residents. The Authority is controlled by the City and has the same governing body as the City, which also pe rforms all accounting and administrative functions for the Authority. The financial activities of the Au thority are included in the Housing Authority Housing Choice Voucher Special Revenue Fund.
The Roseville Natural Gas Financing Authority is a Joint Exercise Powers Agency created on December 6, 2006, for the purpose of acquiring, financing and supplying natural gas to the City of Roseville. The members of the Authority are the City of Roseville and the former City of Roseville Redevelopment Agency.
The Roseville Natural Gas Financing Authority is governed by a five-member Board. City Council serves as the governing body of the Authority and officers of the Authori ty are employees of the City. The financial activities of the Authority have been included in these financi al statements in the Roseville Natural Gas Financing Authority Enterprise Fund.
The Roseville Community Development Corporation is a California 501(c)(3) nonprofit public benefit corporation formed in November 2010 by the City and the former Redevelopment Agency under the California Nonprofit Corporation Laws of the State of California. The Corporation was formed for the purpose of implementing the revitalization and economic goals of the Ci ty by securing private and public capital through development of both residential and commercial properti es as well as developing affordable housing, redeveloping properties to create mixed-use, commercial and office projects, business recruitment and retention, commercial loans, and ongoing property management. The corporation was dissolved during fiscal year 2021-22.
49 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 1: Summary of Significant Accounting Policies (Continued)
The Corporation was governed by a volunteer five-member board appointed by the City Council. While the board had operations, management, budget approval and strategy implementation authority that were separate from the City Council, City management had operational responsibility for the component unit.
The Corporation has established a service agreement with the City to utilize existing City staff to accomplish its goals. The financial activities of the Corporation are included in the Roseville Community Development Corporation Special Revenue Fund.
The City of Roseville Other Post-Employment Benefits Trust is governed by the City’s Resolution 10-275 and is used to account for contributions and investment income restricted to pay medical benefits.
Benefit and contribution provis ions are established by the City Council. Eligibility, actuarial interest rates, administration and certain other tasks are the responsibility o f the Council established by the above resolution. The financial activities of the plan have been included in these financial statements in the Other Post-Employment Benefits Trust Fund.
The Successor Agency to the Redevelopment Agency of the City of Roseville (Successor Agency) is a separate government entity which was created after the dissolution of the City of Roseville Redevelopment Agency (RDA) to serve as a custodian for assets and to wind dow n the affairs of the RDA. The City was designated to serve as the Successor Agency subject to control of an Oversight Board. The Oversight Board is comprised of seven members of the local agencies that serve the RDA project area: two appointed by the mayor, two by the County of Placer, one by the Placer Count y Superintendent of Schools, one by the Chancellor of Sierra Community College and one by the Cities of Rocklin and Newcastle and the Hold Hill Cemetery District. The financial activities of the Successor Ag ency are included in the Successor Agency to the Redevelopment Agency Private Purpose Trust Fund.
Financial statements for the Roseville Natural Gas Financing Au thority and the City of Roseville Other Post-Employment Benefits Trust may be obtained from the City of Roseville at 311 Vernon Street, Roseville, California, 95678. Separate financial statements for the Rosevi lle Finance Authority, Roseville Housing Authority, the Roseville Community Development Corporation, and the Successor Agency are not issued.
The California Joint Powers Risk Management Authority, the Local Agency Workers’ Compensation Excess Joint Powers Authority, the Highway 65 Joint Powers Authority, and the South Placer Wastewater Authority are not included in the accompanying basic financial statements because they do not meet the above financial accountability criteria as these entities are administered by governing boards separate from and wholly independent of the City.
b. Basis of Presentation
Government-wide Statements: The Statement of Net Position and the Statement of Activities d isplay information about the primary government, the City and its component units. These statements include the financial activities of the overall City government, excluding fiduciary activities. Eliminations have been made to minimize the double counting of internal activities. However, the interfund services provided and used are not eliminated in the process of consolidation. These statements distinguish between the governmental and business-type activities of the City. Governmental activities generally are financed thr ough taxes, intergovernmental revenues, and other nonexchange transactions. Business-type activities are financed in whole or in part by fees charged to external parties.
The Statement of Activities presents a comparison between direct expenses and program revenues for each segment of the business-type activities of the City and for each function of the City’s governmental activities.
Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. Program revenues include (a) charges paid by the recipients of 50 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 1: Summary of Significant Accounting Policies (Continued)
goods or services offered by the programs, (b) grants and contributions that are restricted to meeting the operational needs of a particular program and (c) fees, grants and contributions that are restricted to financing the acquisition or constr uction of capital assets. Re venues that are not classified as program revenues, including all taxes, are presented as general revenues. Certain indirect costs are included in the program expense reported for individual functions and activities. Indirect cost charges appear on the fund summaries that are paying for the services and reduce the expen ditures of the departments providing the services on the fund summary for the General Fund. The purpose is to ensure that the General Fund is reimbursed for the services that it is providing throughout the City.
Fund Financial Statements: The fund financial statements provide information about the Cit y’s funds, including fiduciary funds and blended component units. Separate statements for each fund category— governmental, proprietary, and fiduciary—are presented. The emphasis of fund financial statements is on major governmental and enterprise funds, each of which is displ ayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported a s nonmajor funds in the supplemental section.
Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with the principal a ctivity of the fund. Exchange tr ansactions are those in which each party receives and gives up essentially equal values. Nonoperating revenues, such as subsidies and investment earnings, result from nonexchange transactions or ancillary activities.
c. Major Funds
Major funds are defined as funds that have either assets and deferred outflows of resources, liabilities and deferred inflows of resources, revenues or expenditures/expense s equal to ten percent of their fund-type total and five percent of the grand total. The General Fund is always a major fund. The City may also select other funds it believes should be presented as major funds.
The City reported the following major governmental funds in the accompanying financial statements:
General Fund – This is used as the main operating governmental fund of the City to account for the general revenues of the City not specifically levied or collected for other City funds and the related expenditures. The General Fund accounts for all financial resources of a governme ntal unit which are not accounted for in another fund.
Community Facilities Districts Capital Projects Fund – This fund is used to account for specific public improvements such as streets, sewers, storm drains, sidewalks or other amenities funded by special taxes levied against benefited properties.
The City reported the following enterprise funds as major funds in the accompanying financial statements:
Electric Fund – This fund accounts for all financial transactions relating to the City’s electric service.
Services are on a user charge basis to residents and business owners located in the City.
Water Fund – This fund accounts for all financial transactions relating to the City’s water services. Services are on a user charge basis to residents and business owners located in the City.
Wastewater Fund – This fund accounts for all financial transactions relating to the City’s wastewater collection and treatment. Services are on a user charge basis to residents and business owners located in the City.
51 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 1: Summary of Significant Accounting Policies (Continued)
Waste Services Fund – This fund accounts for all financial transactions relating to the City’s waste services.
Services are on a user charge basis to residents and business owners located in the City.
Roseville Natural Gas Financing Authority – This fund accounts for financing and purchasing pre-paid natural gas for the generation of power for the Roseville Energ y Park.
The City also reports the following funds:
Special Revenue Funds – The funds are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditure for spe cified purposes other than debt service or capital projects.
Internal Service Funds – The funds account for automotive, facilities services, inform ation technology, general equipment replacement, wo rkers’ compensation, general l iability, unemployment reserve, and general benefits such as vision, dental, and section 125 benefi ts; all of which are provided to other departments on a cost reimbursement basis.
Fiduciary Funds – These funds account for assets held by the City as a fiduciary for various functions. The Endowment Private-Purpose Trust Fund is used to account for ass ets held by the City as a fiduciary for various endowment funds for the benefits of certain private-purpose trust funds. The Successor Agency to the Redevelopment Agency Private- Purpose Trust Fund accounts for the accumulation of resources to be used for payments at appropriate amounts and times in the futur e. The Other Post-Employment Benefits Trust Fund accounts for the accumulation of resources to be used for retiree medical benefit payments at appropriate amounts and times in the future. The Custodial Fund s are used to account for assets held by the City as a fiduciary for certain special assessment district s in the City, North Roseville-Rocklin Sewer Refunding District, Foothills Boulevard Extension Assessments, various joint powers authorities, Dry Creek Drainage Basin, County Capital Facilities Fee, South Placer Was tewater Authority, Special Sewer Benefit Areas, South Placer County Tourism. Business Improvement District (SPCTBID), South Placer County Safe Kids Coalition, and other programs for the benefits of parties outside of the City. The financial activities of these funds are excluded from the government-wide financial statement but are presented in separate Fiduciary Fund financial statements.
d. Basis of Accounting
The government-wide, proprietary, and fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place.
Governmental funds are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available.
The City considers all revenues reported in the governmental fu nds to be available if the revenues are collected within one hundred twenty (120) days after year-end with the exception of property and sales taxes which is considered available if collected within sixty (60) days. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, claims and judgments, and compensated absences, which are recognized as expenditures to the extent they have matured.
General capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term debt and acquisitions under capital leases are reported as other financing sources.
Those revenues subject to accrual are property, sales tax, transient occupancy tax, franchise fees, certain other intergovernmental revenues, certain charges for services and interest revenue. Fines, licenses and permits, and charges for services are not subject to accrual because they are not measurable until received in cash.
52 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 1: Summary of Significant Accounting Policies (Continued)
Non-exchange transactions, in which the City gives or receives value without directly receiving or giving equal value in exchange, include taxes, grants, entitlements, and donations. On the accrual basis, revenue from taxes is recognized in the fiscal year for which the taxes are levied or assessed. Revenue from grants, entitlements, and donations is recognized in the fiscal year in which all eligibility requirements have been satisfied.
The City may fund programs with a combination of cost-reimbursement grants, categorical block grants, and general revenues. Thus, both restricted and unrestricted net position may be available to finance program expenditures. The City’s policy is to first apply restricted gr ant resources to such programs, followed by general revenues if necessary.
e. Cash, Cash Equivalents, and Investments
The City pools its available cash for investment purposes. The City considers pooled cash and investment amounts, with original maturitie s of three months or less, to b e cash equivalents. Highly liquid market investments with maturities of one year or less at time of purchase are stated at amortized costs. All other investments are stated at fair value. For purposes of reporting cash flows, the City considers each fund’s share in the cash and investments pool to be cash and cash equivalents.
f. Revenue Recognition for Electric, Water, Wastewater, and Waste Services Funds
Revenues are recognized based on services rendered to customers. All residential and commercial utility customers are billed once per month. There are twenty-four billing cycles per month which include all types of customers, based on their location within the City. Revenues for services provided but not billed at the end of a fiscal year are accrued. Contributions of cash or assets to proprietary funds from state and federal agencies, developers and others are recorded as revenue at acquisition value.
g. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of net position and balance sheet reports a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period and so will not be recognized as an outflow of resources (expense/expenditure) until then. The City has five items that qualify for reporting in this category on the government-wide and proprietary fund statements of net position. They are the deferred amounts on refunding, accumulated decrease in fair value of hedging deriva tives, deferred outflows related to other postemployment benefits (OPEB), deferred outflows related to pensions, deferred inflows related to leases.
A deferred amount on refunding results from the difference in the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. The accumulated decrease in fair value of hedging derivatives represents the change in fair value for the City’s derivative liabilities that have been determined to be not effective. The deferred outflows related to pensions and OPEB are described in Note 12 and Note 13, respectively. The deferred lease items are described in Note 9.
In addition to liabilities, the s tatement of net position and b alance sheet reports a separate section for deferred inflows of resources. This separate financial statemen t element, deferred inflows of resources, represents an acquisition of net assets that applies to a futur e period and so will not be recognized as an inflow of resources (revenue) until that time. The City has fou r types of these items reported in the government- wide and proprietary fund statements of net position and the governmental funds balance sheet. They are the accumulated increase in fair value of hedgi ng derivatives, deferred inflows related to pensions, the deferred inflows related to OPEB, and unavailable revenues. The accumulated increase in fair value of hedging derivatives represents the change in fair value for the City’s derivative assets that have been determined to be effective.
53 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 1: Summary of Significant Accounting Policies (Continued)
The deferred inflows related to pensions and OPEB are described in Note 12 and 13, respectively.
Unavailable revenue represents revenues which has been earned but will not be collected within the City’s period of availability as defined in Note 1D.
In the governmental funds balance sheet, the unavailable revenue category arises only under a modified accrual basis of accounting. When amounts have been earned, but have not been received within the availability period, these amounts are deferred and recognized as revenue in the period that the amounts become available.
h. Property Tax
Placer County assesses properties and bills, collects, and distributes property taxes to the City. The County remits the entire amount levied and handles all delinquencies, retaining interest and penalties. Secured and unsecured property taxes are levied on July 1st of the preceding fiscal year.
Secured property tax is due in two installments, on November 1st and February 1st, and becomes a lien on those dates. It becomes delinquent on December 10th and April 10th, respectively. Unsecured property tax is due on July 1st and becomes delinquent on August 31st. Colle ction of delinquent accounts is the responsibility of the County, which retains all penalties.
The term “unsecured” refers to taxes on personal property other than real estate, land and buildings. These taxes are secured by liens on the property being taxed. Property tax revenues are recognized by the City in the fiscal year they are assessed provided they become available as defined above.
i. Compensated Absences
Compensated absences comprise unused vacation leave, vested sick pay and certain compensated time off, which are accrued as earned. The City’s liability for comp ensated absences is recorded in various governmental funds or proprietary funds as appropriate. The lia bility for compensated absences is determined annually. For all governmental funds, a liability of these amounts is reported only if they have matured, for example, as a result of employee resignations and retirements. The remaining portion is recorded as a liability in the statement of net position. Proprietary funds' liability for compensated absences is recorded in each proprietary fund.
The changes in compensated absence balances were as follows:
Governmental
Activ ities
Business
Activ ities Total
15,795,953$ 9,539,819 $ 25,335,772 $
Additions 4,998,937 3,896,206 8,895,143
Payments (5,561,244) (3,971,618) (9,532,862)
15,233,646$ 9,464,407$ 24,698,053$
Current Portion 8,763,084$ 6,115,682$ 14,878,766$ Beginning Balance
Ending Balance
Compensated absences are liquidated by the fund that has record ed the liability. Governmental activities compensated absences are liquidated primarily by the General Fund. 54 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 1: Summary of Significant Accounting Policies (Continued)
j. Inventories
Inventories are valued at cost, using the weighted-average method. Inventories of the governmental funds consist of expendable supplies held for consumption. The cost i s recorded as an expenditure in the governmental funds at the time i ndividual inventory items are consumed. Inventories reported in governmental funds are equally o ffset by nonspendable fund bala nce which indicates that they do not constitute available spendable resources even though they are a component of net current assets.
Inventories of the proprietary funds consist primarily of supplies and equipment held for internal consumption.
k. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items. In governmental funds, prepaid items are not in spendable form and are therefore included in nonspendable fund balance and recorded on the consumption method.
l. Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts and disclosures.
Accordingly, actual results could differ from those estimates.
m. Pensions
For purposes of measuring the net pension liability, deferred outflows of resources and deferred 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) plan and additions to/deductions from the plan's fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (incl uding refunds of employee contri butions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
n. Other Post-Employment Benefits (OPEB)
For purposes of measuring the net OPEB liability, deferred outf lows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City of Roseville Retiree Healthcare Plan (Plan) and additions to/deductions from the Plan's fiduciary net position have been determined on the same basis as they are reported by the Plan. For this purpose, benefit payments (including refunds of employee contributions) are reco gnized when due and payable in accordance with the benefit terms. Investments are reported at fair value.
o. Fair Value Measurement
The City categorizes the fair value measurements of its investments based on the hierarchy established by generally accepted accounting principles. The fair value hierarchy, which has three levels, is based on the valuation inputs used to measure an asset’s fair value: Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observab le inputs; Level 3 inputs are significant unobservable inputs.
55 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 1: Summary of Significant Accounting Policies (Continued)
p. Net Position
Net position is the excess of all the City’s assets and deferred outflows of resources over all its liabilities and deferred inflows of resources, r egardless of fund. Net position is divided into three categories. These categories apply only to net position, which is determined only for proprietary funds and at the government-wide level, and are described below:
Net investment in capital assets describes the portion of net position which is represented by the current net book value of the capital assets, less the outstanding balance of any debt issued to finance these assets.
Restricted describes the portion of net position which is restricted as to use by the terms and conditions of agreements with outside parties, governmental regulations, laws, or other restrictions which the City cannot unilaterally alter. These principally include developer fees received for use on capital projects (expended) or contributions received in permanent funds (unexpended), debt se rvice requirements, and redevelopment funds restricted to low and moderate income purposes.
Unrestricted describes the portion of net position which is not restricted to use.
The City applies restricted resources when an expense is incurr ed for purposes which both restricted and unrestricted net position are available.
q. Fund Balance
In the fund financial statements, fund balances represent the n et current assets of each fund. Net current assets generally represent a fund’s assets and deferred outflows of resources, less its liabilities and deferred inflows of resources.
The City’s fund balances are classified based on spending constraints imposed on the use of resources. For programs with multiple funding sources, the City prioritizes and expends funds in the following order:
restricted, committed, assigned, and unassigned. Each category in the following hierarchy is ranked according to the degree of spending constraint:
Nonspendable represents balances set aside to indicate items do not represen t available, spendable resources even though they are a component of assets. Fund bala nces required to be maintained intact, such as permanent endowments, and assets not expected to be converted to cash, such as prepaids, notes receivable, and land held for redevelopment are included. Howev er, if proceeds realized from the sale or collection of nonspendable assets are restricted, committed or assigned, then nonspendable amounts are required to be presented as a component of the applicable category.
Restricted fund balances have external restrictions imposed by creditors, grantors, contributors, laws, regulations, or enabling legislation which requires the resourc es to be used only for a specific purpose.
Encumbrances and nonspendable amounts subject to restrictions are included along with spendable resources.
Committed fund balances have constraints imposed by formal action of the City Council, such as an ordinance, which may be altered only by the same formal action of the City Council. Encumbrances and nonspendable amounts subject to council commitments are included along with spendable resources.
Assigned fund balances are amounts intended to be used by the City for specific purposes but do not meet the criteria to be classified as committed. Assignments may be made by the City Council or its designee, the Assistant City Manager/Chief Financial Officer. Unlike comm itments, assignments generally only exist temporarily. Thus, additional action does not normally have to be taken for the removal of an assignment. 56 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 1: Summary of Significant Accounting Policies (Continued)
Unassigned fund balance represents residual a mounts that have not been res tricted, committed, or assigned. This includes the residual General Fund balance and r esidual fund deficits, if any, of other governmental funds.
It is the City’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance.
Unassigned fund balance is applied last.
r. Capital Assets
All capital assets are valued at historical cost or estimated h istorical cost if actual historical cost is not available. Contributed capital assets are valued at their estimated acquisition value on the date contributed.
The City has recorded all its public domain (infrastructure) ca pital assets, which include roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems.
Capital assets with limited useful lives are depreciated over their estimated useful lives. Alternatively, the modified approach is used for certain capital assets. Depreciation is not provided under this approach, but all costs associated with these assets are expensed, unless they are additions or improvements.
The purpose of depreciation is to spread the cost of capital assets equitably among all users over the life of these assets. The amount charged to depreciation expense each year represents that year’s pro rata share of the cost of capital assets.
Depreciation is provided using the straight-line method which means the cost of the asset is divided by its expected useful life in years and the result is charged to expe nse each year until the asset is fully depreciated. The City has assigned the useful lives and capitalization thresholds listed below to capital assets:
Useful Lives
Capitalization
Thresholds
40 years 20,000$
20 -75 years no threshold
6 - 20 years 5,000
6 years 5,000
6 - 8 years 5,000
25 years 5,000
12 years 20,000
20 years 20,000
90 years 20,000
75 years 20,000
50 years 20,000
20 years 20,000
35 years 20,000
75 years 20,000
Traffic Signals 20 years no threshold
Electric Distributions System 15 - 60 years no threshold Sewer and Water Distributions Systems 75 years no threshold Electric Generation 15 - 30 years 5,000
Electric Power Plants and Substation 40 years 5,000
Sewer and Water Treatment Plants 50 years 5,000
Vehicles
Buildings
Improvements
Equipment
Computer Equipment
Roadway Minor Concrete
Sound Walls
Storm Drains
Parks
Landscaping
Bike Paths
Bridges
Culverts
Crain Inlets
Major outlays for capital assets and improvements are capitalized as projects are constructed. 57 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 1: Summary of Significant Accounting Policies (Continued)
s. New Accounting Pronouncements
Effective in Current Fiscal Year
GASB Statement No. 87 – In June 2017, the GASB issued Statement No. 87, Leases. The objective of this Statement is to better meet the information needs of fi nancial statement users by improving accounting and financial reporting for leases; enhancing the co mparability of financial statements between governments; and also enhancing the relevance, reliability (representational faithfulness), and consistency of information about the leasing activities of gove rnments. This Statement is effective for reporting periods beginning after June 15, 2021. The effect on the City is noted in notes 8, 9 and 10.
Effective in Future Fiscal Years
GASB Statement No. 91 – In May 2019, the GASB issued Statement No. 90, Conduit Debt Obligations.
The objectives of this statement are to provide a single method for reporting conduit debt obligations by issuers and eliminate diversity in practice associated with (1) commitments extended by issuers, (2) arrangements associated with conduit debt obligations, and (3) related note disclosures. The Statement is effective for reporting periods beginning after De cember 15, 2021. The City has not determined its effect on the financial statements.
GASB Statement No. 94 – In March 2020, the GASB issued Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements. The objective of this Statement is to better meet the information needs of financial statement use rs by improving the comparability of financial statements am ong government s that enter into PPPs and APAs and by enhancing the understandability, reliability, relevance, and consistency of i nformation about PPPs and APAs. The Statement is effective for reporting periods beginning after June 15, 2022. The City has not determined its effect on the financial statements.
GASB Statement No. 96 – In May 2020, the GASB issued Statement No. 96, Subscription-based Information Technology Arrangements. The objective of this Statement is to provide guidance on the accounting and financial reporting for subscription-based infor mation technology arrangements (SBITAs) for government end user s (governments). The Statement is effective for reporting periods beginning after June 15, 2022. The Authority has not determined the effect on the financial statements.
GASB Statement No. 99 – In April 2022, the GASB issued Statement No. 99, Omnibus 2022. The Statement is effective for multiple reporting periods depending on the requirements. The Authority has not determined the effect of this Statement.
GASB Statement No. 100 – In June 2022, the GASB issued Statement No. 100, Accounting Changes and Error Corrections. The primary objective of this Statement is to enhance account ing and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. The Statement is effective for reporting period s beginning after June 15, 2023. The Authority has not determined the effect of this Statement.
GASB Statement No. 101 – In June 2022, the GASB issued Statement No. 101, Compensated Absences. The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidanc e under a unified model and by amending certain previously required disclosures. The Statement is effective for reporting periods beginning after December 15, 2023. The Authority has not determined the effect of this Statement.
58 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 2: Cash and Investments
The City pools cash from all sources and all funds, except certain specific investments within funds and cash with fiscal agents, so that it can be invested at the maximum yield, consistent with safety and liquidity, while individual funds can make expenditures at any time.
The City and its fiscal agents invest in individual investments and in investment pools. Individual investments are evidenced by specific identifiable pieces of paper called securities instruments, or by an electronic entry registering the owner in the records of the institution issuing the security, called the book entry system.
Individual investments are generally made by the City’s fiscal agents as required under its debt issues. In order to maximize security, the City employs the Trust Departme nt of a bank as the custodian of all City managed investments, regardless of their form.
The City’s investments are reported at fair value, as required by generally accepted accounting principles.
The City adjusts the carrying value of its investments to reflect fair value at each fiscal year end, and it includes the effects of these adjustments in income for that fiscal year.
a. Classification
Cash and investments are classified in the financial statements as shown below:
Cash and investment in City Treasury 857,278,604$
88,786
37,679,238
895,046,628
Fiduciary Funds (separate statement):
Cash and investments in City Treasury 277,135,734
Restricted cash and investments with fiscal agents 77,798,031 Total cash and investments 1,249,980,393$
Cash and investments as of June 30, 2022, consist of the following:
Cash in bank and on hand 28,781,919$
Investments 1,221,198,474
Total cash and investments 1,249,980,393$
Primary Government:
Restricted cash and investments with fiscal agents
Total city cash and investments with primary government Restricted cash and investments in bank deposits
Cash and investments with original maturities of three months or less are treated as cash and equivalents for purpose of preparing Proprietary Fund statements of cash fl ows. Also, each Proprietary Fund’s portion of the City’s overall cash and investment pool is treated as ca sh and equivalents since these amounts are in substance demand deposits.
59 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 2: Cash and Investments (Continued)
b. Investments Authorized by the California Government Code and the City’s Investment Policy
The City’s Investment Policy and the California Government Code allow the City to invest in the following, provided the credit ratings of the issuers are acceptable to the City; and approved percentages and maturities are not exceeded. The table below also identifies certain provisions of the California Government Code or the City’s Investment Policy where it is more restrictive:
Maximum
Maturity
Minimum
Credit Quality
Maximum
Percentage of
Portfolio
Maximum
Investment in
One Issuer
5 years None None None
U.S. Agencies Securities
(1)
5 years None None None
N/A A None None
5 years None None N/A
1 Year None None None
180 Days None 40% 30%
270 Days A - 1 25% 10%
(2)
5 years A 30% None
5 years None 30% None
5 years A 30% None
Local Agency Investment Fund (LAIF) N/A None None LAIF Limit N/A None None None
N/A None 20 10%
Shares in a California Common Law Trust N/A None None None Interest Rate Swaps
(3)
N/A None None None
Supranationals 5 years AA 30% None
Mortgage Pass-Through Securities 5 years AA 20% None
Insured Savings Accounts
Money Market Mutual Funds
Bankers' Acceptance
Commercial Paper
Medium Term Notes
Collateralized Time Deposit
Negotiable Certificate of Deposit
Repurchase Agreements
Authorized Investment Type
U.S. Treasury Obligations
(1)
Forward Delivery Agreements
Local Agency Bonds
60 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 2: Cash and Investments (Continued)
(1) In specified fund accounts where liquidity is not the primary investment objective, the maximum maturity can be up to ten years with granted express authority by the Ci ty Council. Such investments cannot be made less than three months following the approval of extended investment terms. All longer-term investments must be Federal Treasury or Agency securities. The specified fund accounts are:
City Pool, subject to 25%
Citizens Benefit Permanent Fund
Roseville Aquatics Complex Maintenance Fund
Endowment Private-Purpose Trust Fund
OPEB Trust Fund
All future trust and/or endowment funds established by the City with no anticipated use of principal
(2)Eligible commercial paper may not represent more than 10% of th e outstanding paper of an issuing corporation.
(3)Interest rate swaps may only be used in conjunction with enterp rise fund debt or investments, not the General Fund. Pursuant to its function as custodian and investm ent manager of the South Placer Wastewater Authority (Authority), the City invested certain Authority funds in Forward Delivery Agreements which are investments with fixed maturities, and which bear int erest at a variable rate. To hedge against changes in short-term interest rates, the Authority entered into a swap agreement to create a synthetic fixed interest rate on one of the Forward Delivery Agreements. Risks associated with the Forward Delivery Agreement and associated swap agreement are those of the Authority and not those of the City. Details of the swap agreement and associated risks may be found in the Basic Financial Statements of the Authority which may be obtained by contacting the City Finance Department at 311 Vernon Street, Roseville, California 95678.
c. Investments Authorized by Debt Agreements
The City must maintain required amounts of cash and investments with trustees or fiscal agents under the terms of certain debt issues. These funds are unexpended bond proceeds or are pledged reserves to be used if the City fails to meet its obligations under these debt issues. The California Government Code requires these funds to be invest ed in accordance with City resolutions, bond indentures or State statutes.
The table below identifies the investment types that are author ized for investments held by fiscal agents.
The table also identifies certain provisions of these debt agreements:
Maximum
Maturity
Minimum Credit
Quality
N/A None
U.S. Agencies Securities N/A None
N/A - 30 days None to A-1
N/A - 30 days None to A-1
N/A - 30 days None to A
N/A - 270 days None to A-1
N/A None to Aam-G
N/A None
180 - 270 days A-1 to AA
N/A AA
Pre-refunded Municipal Obligations N/A AAA
N/A AAA
N/A None
California Asset Management Pool (CAMP) N/A None
Lawful Investments N/A None
Investment Agreements N/A A+ to AA
Local Agency Investment Fund (LAIF) N/A None
Placer County Investment Pool N/A None
Supranationals N/A None
Mortgage Pass - Through Securities N/A None
Repurchase Agreements
Authorized Investment Type
U.S. Treasury Obligations
Certificates of Deposit
Time Deposits
Municipal Obligations
Common Law Trust
Bankers' Acceptance
Money Market Funds
Taxable Governmental Money
Commercial Paper
Special Revenue Bonds
61 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 2: Cash and Investments (Continued)
d. Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Normally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. The City also manages its interest rate risk by holding most investments to maturity.
Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustees) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s inves tments by maturity or earliest call date:
12 Months or
Less
13 to 24
Months 25 to 60 Months
More Than 60
Months Total
78,838,050$ - $ 282,493,927$ 173,061,126 $ 534,393,103 $ 4,023,307 - - - 4,023,307 - 7,951,176 15,219,206 - 23,170,382 5,021,000 10,551,033 222,340,052 - 237,912,085 107,905,995 - - - 107,905,995 7,215,584 - - - 7,215,584 48,883,828 - - - 48,883,828 - - - 6,068,862 6,068,862 128,918,183 - - - 128,918,183 122,063,163 - - - 122,063,163 643,982 - - - 643,982 503,513,092$ 18,502,209$ 520,053,185$ 179,129,988$ 1,221,198,474$ Federal Agency Securities
California Asset Management Pool
Total
Remaining Maturity (in Months)
Forward Purchase Agrrement
Local Agency Bonds
Corporate Notes
Money market Mutual Funds
Roseville Advantage Banks
Commercial Paper
Guaranteed Investment Contracts (GIC)
Local Agency Inv estment Fund
Other Post Employment Benefits (OPEB)
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by 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. At June 30, 2022, the fair value was $18,125 gr eater than the City’s cost. The balance is available for withdrawal on demand and is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis. Included in LAIF’s investm ent portfolio are collateralized mortgage obligations, mortgage-backed securities, other asset-backed sec urities, loans to certain state funds, and floating rate securities issued by federal agencies, government -sponsored enterprises, United States Treasury Notes and Bills, and corporations. At June 30, 2022, these investments matured in an average of 311 days. LAIF is not registered with the Securities and Exchan ge Commission and is not rated.
The City is a participant in the California Asset Management Program (CAMP). CAMP is an investment pool offered by the California Asset Management Trust (Trust). The Trust is a joint powers authority and public agency created by the Declaration of Trust and established unde r the provisions of the California Joint Exercise of Powers Act (California Government Code Sections 6500 et seq., or the “Act”) for the purpose of exercising the common power of its Participants to invest certain proceeds of debt issues and surplus funds.
The Pool’s investments are limited to investments permitted by subdivisions (a) to (n), inclusive, of Section 53601 of the Califor nia Government Code. The City reports its i nvestments in CAMP at the fair value amounts provided by CAMP, which i s the same as the value of the pool share. At June 30, 2022, the fair value approximated.
62 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 2: Cash and Investments (Continued)
is the City’s cost, and these investments had an average maturity of 31 days. CAMP is not registered with the Securities and Exchange Commission and is not rated.
Money market mutual funds were available for withdrawal on dema nd and at June 30, 2022 and had an average maturity of 7 days for the Dreyfus U.S. Treasury Money Market Fund and 7 days for the First American Money Market Fund.
e. Credit Risk
Credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment.
This is measured by the assignment of a rating by a nationally recognized statistical rating organization.
Presented below is the actual rating as of June 30, 2022, for each investment type as provided by Standard and Poor’s investment rating system:
AAA / AAAm AA+ / AA / AA- A+ / A / A- Total
Investments:
Federal agency securities -$ 282,857,806$ -$ 282,857,806$ Forward purchase agreement - - 4,023,307 4,023,307 Local Agency Bonds - 20,359,180 - 20,359,180 Corporate notes - 87,844,867 150,067,217 237,912,084 California Asset Management Program 643,982 - - 643,982 Total 643,982$ 391,061,853$ 154,090,524$ 545,796,359 Not Rated:
Local Agency Inv estment Fund 122,063,163
Federal Agency Discount Notes 46,863,970
U.S. Treasury and Agency Obligations 204,671,327
Local Agency Bonds 2,811,202
Money Market Mutual Funds 107,905,995
Commercial Paper 48,883,828
Roseville Advantage Banks 7,215,584
Other Post Employment Benefits (OPEB) 128,918,183
Guaranteed Investment Contracts 6,068,862
Total Investments 1,221,198,474$
f. Concentration of Credit Risk
Investments in any one issuer, other than U. S. Treasury securi ties, money market mutual funds, and investment pools that represent 5 percent or more of total enti ty-wide investments are as follows at June 30, 2022:
Investment Type Amount % of Portfolio
Federal Farm Credit Bank Federal agency securities 61,620,537$ 5.05% Federal Agricultural Mortgage Corporation (FAMC) Federal agency securities 118,150,804 9 .67% Federal Home Loan Bank Federal agency securities 260,273,755 21.31% Issuer
63 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 2: Cash and Investments (Continued)
Investments in any one issuer that represent 5 percent or more of total investments by individual funds were as follows at June 30, 2022:
Issuer Investment Type Amount
Major Enterprise Funds:
Roseville Natural Gas Financing Authority Wachovia Bank Forward Purchase Agreement 4,023,307$ Fund
g. Fair Value Measurements
The City’s Pool categorizes its f air value measurements within the fair value hierarchy established by generally accepted accounting principles. These principles recognize a three-tiered fair value hierarchy, as follows:
Level 1: Investments reflect prices quoted for identical assets in active markets; Level 2: Investments reflect prices that are based on a similar observable inputs; Level 3: Investments reflect prices based on unobservable inputs.
The asset’s level within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The determination of what constitut es observable requires judgment by management. City management consider observable data to be that market data, which is readily available, regularly distributed or updated, reliable, and verifiable, not proprietary, and provided by multiple independent sources that are actively involved in the relevant market. The categorization of an investment within the hierarchy is based upon the relative observability of the inputs to its fair value measurement and does not necessarily correspond to City management’s perceived risk of t hat investment. The Pool’s asset market prices are derived from closing bid prices as of the end of business day as supplied by U.S. Bank. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimated fair value. Prices that fall between data points are interpolated. The City has a forward purchase agreement that is measured using level 3 inputs. This item is valued using the discounted cash flows approach. Deposits and withdrawals in governmental investment pools, such as LAIF and CAMP Investment Pools, are made on the basis of $1 and not fair value. Accordingly, the City’s measured fair value of its proportionate share in these types o f investments is based on uncategorized inputs not defined as a Level 1, Level 2, or Level 3 input.
The Pool has the following recurring fair value measurements as of June 30, 2022:
Total
Quoted Prices in
Activ e Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs (Level 3)
Federal Agency Securities 534,393,103$ 31,974,080$ 502,419,023$ -$ Commercial Paper 48,883,828 48,883,828 - Corporate Medium Term Notes (MTN) Securities 237,912,085 237,912,085 - Municipal Securities 23,170,381 - 23,170,381 - Forward Purchase Agreements 4,023,307 - - 4,023,307 Post Employment Welfare Benefits Program Trust 128,918,184 14,999,948 107,844,143 6,074,093 Money Market Mutual Funds 107,905,995 107,905,995 - - Total Inv estments at Fair Value 1,085,206,883 154,880,023$ 920,229,460$ 10,097,400$ Investments measure at amorized cost
Guaranteed Investment Contracts (GIC's) 6,068,862
Investments with uncategorized inputs
Local Agency Investment Fund 122,063,163
California Asset Management Program 643,982
Roseville Advantage Bank 7,215,584
Total investments measured with uncategorized inputs 129,922,729 Total inv estments 1,221,198,474$
Inv estments at Fair Value
64 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 3: Interfund Transactions
a. Transfers Among Funds
With City Council approval, resources may be transferred from one City fund to another. Transfers between funds during the fiscal year ended June 30, 2022, were as follows:
Fund Receiving Transfer Fund Making Transfer Amount Transferred Governmental Funds:
General Fund
Electric Fund 6,439,009$ (C)
Water Fund 974,685 (A),(B)
Solid Waste Fund 1,992,525 (A)
Non-major governmental funds 7,088,776 (A), (C) Total General Fund 16,494,995
Non-Major Governmental Funds
General Fund 4,432,060 (A)
Electric Fund 391,874 (B)
Water Fund 604,809 (B)
Wastewater Fund 38,876 (B)
Solid Waste Fund 143,843 (B)
Non-Major Governmental Funds 3,357,786 (A), (B)
Total Non-Major Governmental Funds 8,969,248
Total Governmental Funds 25,464,243
Enterprise Funds:
Electric Fund
Solid Waste Fund 30,351 (A)
Water Fund
Electric Fund 10,588 (A)
Wastewater Fund 967,038 (A)
Solid Waste Fund 227,758 (A)
Total Water Fund 1,205,384
Wastewater Fund
Water Fund 79,106 (A)
Solid Waste Fund 10,117 (A)
Total Wastewater Fund 89,223
Solid Waste Fund
General Fund 50,000 (A)
Water Fund 17,579 (A)
Total Solid Waste Fund 67,579
Non-major enterprise funds
General Fund 3,598,040 (A), (B)
Total Enterprise Funds 4,990,577
Internal Service Funds:
Fleet Fund
Electric Fund 40,525 (A)
Equipment Replacement Fund
General Capital Projects Fund 1,495,631 (D)
Facilities Fund
General Capital Projects Fund 1,545,631 (B)
Information Technology Fund
General Capital Projects Fund 1,545,631 (B)
Unemployment Insurance Fund
General Fund 634,000 (A)
Total Internal Service Funds 5,261,418
Total Interfund Transfers 35,716,238$
(A) Transfers to fund operations
(B) Transfers to fund various projects and/or pay debt service (C) Transfers to fund in-lieu franchise fees
(D) Transfers of capital assets between funds
65 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 3: Interfund Transactions (Continued)
b. Current Interfund Balances
Current interfund balances arise in the normal course of business and are expected to be repaid shortly after the end of the fiscal year. At June 30, 2022, interfund balances comprised the following:
Amount
Governmental Funds
Non-Major Governmental Funds General Fund 596,069 $ (A), (B) Non-Major Governmental Funds 480,311 (A)
Internal Service Funds 703,778 (A)
Total Governmental Funds 1,780,158
Enterprise Funds
Non-Major Enterprise Funds General Fund 18,425 (A), (B) Internal Service Funds 55,000 (A)
Total Enterprise Funds 73,425
1,853,583$
(A) Current portion of the advances mentioned in 3C below. (B) To cover negative cash balances as of June 30.
Due From Other FundsDue to Other Funds
c. Long-Term Interfund Advances
At June 30, 2022, the funds below had made advances which were not expected to be repaid within the next year:
Amount of
Adv ance
Governmental Funds
Non-Major Enterprise Funds Internal Service Funds 3,724,177 $ General Fund 4,483,368
Total Special Revenue Funds 8,207,545
Enterprise Funds
Non-Major Enterprise Funds Internal Service Funds 835,000 9,042,545$
Fund Marketing AdvanceFund Receiving Advance
66 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 3: Interfund Transactions (Continued)
Golf Course advance from the Fleet Fund bears interest at the prior fiscal year’s average interest rate of the City’s pooled investments. Princ ipal is paid annually in the am ount of $127,000 with the final principal payment in fiscal year 2037. Simple interest is deferred for th e life of the loan and a lump-sum deferred interest payoff is due in fiscal year 2037. As of June 30, 2022 , the accrued deferred interest payable not included in the advance amount in the table above is $2,351,186.
Development Impact has two advances from the General Fund that bears interest at the prior fiscal year’s average interest rate of the City’s pooled investments. The first advance has principal payments of $409,042 and interest are being paid over the period beginning in fiscal year 2018 and ending in fiscal year 2028. The second advance has principal and interest that are deferred until fiscal year 2022. Deferred interest is added to the principal balance annually as incurred. Beginning in fiscal year 2022, principal of $571,393 and interest are payable over seven years with final payment in fiscal year 2028.
Development Impact has two advances from the Fleet Fund. The first advance bears interest at the prior fiscal year’s average interest rate of the City’s pooled invest ments plus one-half percent. Interest only payments were made the first three years of the advance beginning in fiscal year 2015. Principal payments of $33,345 plus interest are being paid over an 18-year term be ginning in fiscal year 2018 and ending in fiscal year 2035. The second advance bears interest at the prior fiscal year’s interest rate of the City’s pooled investments. Principal and interest w ill be paid annually over six years starting in fiscal year 2021 with the final payment in fiscal year 2026.
School-Age Child Care advance from the Fleet Fund bears interest at the prior fiscal year’s average interest rate of the City’s pooled investments. In fiscal year 2018 two prior advances and one new $300,000 advance were consolidated into one total advance. Principal and interes t payments are being paid over a 15-year term beginning in fiscal year 2018 and ends in fiscal year 2037. In fiscal year 2020, $340,000 was added. Principal amount repayments are $55,000 annually.
d. Internal Balances
Internal balances are presented in the City-wide financial statements only. They represent the net interfund receivables and payables remaining after the elimination of all such balances within governmental and business- type activities.
67 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 4: Receivables
The City nets its Accounts, Interest, and Due From Other Agency receivables together and presents this amount as Receivables in the financial statements. These separate receivables are classified below for the Governmental and Proprietary funds:
General
Community
Facilities
District
Capital
Projects
Non-Major
Governmental
Funds
Total
Governmental
Funds
Governmental
Activ ities
Internal
Service Funds
Total
Governmental
Activ ities
Accounts receivables 23,154,927$ -$ 12,524,273$ 35,679,200$ 71,829$ 35,751,029$ Taxes receivable 2,770,231 - 638,476 3,408,707 - 3,408,707 Interest receivable 511,073 25,607 4,181,888 4,718,568 2,753,390 7,471,958 Total 26,436,231$ 25,607$ 17,344,637$ 43,806,475$ 2,825,219$ 46,631,694$ Electric Water Wastewater Waste Services
Roseville
Natural Gas
Financing
Authority
Non-Major
Enterprise
Funds Total Totals
Accounts receivables 22,333,317$ 4,489,261$ 7,225,254$ 3,802,435$ -$ 4,978,719$ 42,828,986$ Interest receivable 723,787 383,938 458,908 101,014 9 18,675 1,686,331 Permits receivables 418,507 4,917,865 4,971,832 41,403 - 12,758 10,362,365 Total 23,475,611$ 9,791,064$ 12,655,994$ 3,944,852$ 9$ 5,010,152$ 54,877,682$ Business-Type Activities - Enterprise Funds
Note 5: Notes Receivable
The City engages in programs designed to encourage business enterprises, construction or improvement in low- to-moderate income housing, or other projects. Under these programs, grants or loans are provided with favorable terms to businesses, homeowners or developers wh o agree to spend these funds in accordance with the City’s terms. Although these notes are expected to be repaid in full, their balances have been offset in the fund financial statements by unavailable revenue, due to other government agencies or fund balance. Notes receivable were comprised of the following at June 30, 2022:
Flood Loan Notes 6,633$
Housing Elevation Notes 10,000
Water Meter Notes Receiv able 39,392
Flood Control Loan 181,455
SPWA Loan 31,851,284
First Time Home-Buyer Notes 8,380,200
Due From Successor Agency 13,983,774
Housing Rehabilitation and Affordable Housing Notes 32,771,282 Small Business Stabilization Program (SBSP) 46,000
Total 87,270,020$
a. Flood Loan Notes Receivable
The City has provided notes to various homeowners and businesses for rehabilitation due to flood damage.
The maximum note amount is $5,000 carrying various interest rat es and payment dates. The balance of these notes receivable at June 30, 2022 was $6,633.
b. Housing Elevation Notes Receivable
In fiscal year 1997, the Federal Emergency Management Agency (FEMA) approved Hazard Mitigation Grant Program funds to be used for residential home elevation project s in the City at a maximum of $5,000 per household, with the total federal share not to exceed $1,493,096. The City provided matching funds to each 68 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 5: Notes Receivable (Continued)
eligible household at a maximum of $5,000 in the form of a zero percent, deferred loan payable upon sale, change of title or change of use. As of June 30, 2022, two notes funded through the FEMA Hazard Mitigation Grant Program were outstanding with a total balance of $10,000.
c. Water Meter Notes Receivable
The City entered into an agreement with Stonesfair Management for Water Meter Installations at Windscape Apartments. The original note amount is payable in 120 monthly installments. The balance of note at June 30, 2022 was $39,392.
d. Tenant Improvement Notes Receivable
The City entered into a tenant improvement notes receivable with the Sierra Joint Community College District for overages in their Tenant Improvement allowance for the 316 Vernon Street Office Building Project. The original note amount was for $128,141 payable in 120 monthly in stallments. This note was paid off during the fiscal year and therefore no balance was recorded as of June 30, 2022.
e. Flood Control Loan
On May 10, 2017, the City entered into an agreement with the Pl acer County Flood Control and Water Conservation District to fund the Antelope Creek Flood Control project with a loan to be paid back with future development fees. The loan bears simple interest based on the Construction Cost Index. As of June 30, 2022, the balance of the loan was $181,455.
f. SPWA Loan
In June 2020, the City entered into loan agreements with the State Water Resources Control Board to secure funding for the Pleasant Grove Wastewater Treatment Plant Expansion and Energy Recovery Projects in the form of loans from the Clean Water State Revolving Fund. The C ity then entered into a reimbursement agreement with the South Placer Wastewater Authority as the Authority is responsible for the completion of these projects. The loans are approved for up to $108,021,755, bear interest at the rate of 1.30% and are payable in 30 annual payments beginning on June 10, 2023. Total funds drawn on the loans at June 30, 2022 was $31,851,284.
g. First Time Home-Buyer Notes Receivable
The City engages in a first-time home-buyer program designed to encourage home ownership among low- income residents. Under this program, grants are provided at no interest and are due upon sale or transfer of the property. Although these notes are expected to be repaid in full, their balance has been offset with the with a deferred inflow of resources, as they are not e xpected to be repaid during the next fiscal year and any repayments will be used to reduce future grant dra w-downs by the City. The balance of the notes receivable arising from this program at June 30, 2022, was $8,380,200.
h. Successor Agency Loans
Prior to July 1, 2011, the former Redevelopment Agency had received various advances from various City funds. These advances bore interest at the average interest rate of the City’s pooled investments. Principal and accrued interest on the advances totaled $32,768,517 at July 1, 2011. During fiscal year 2012, the City and Redevelopment Agency determined that certain advances shoul d have instead been funded by bond proceeds of the Agency. Therefore, the Redevelopment Agency repaid advances from the City in the amount of $7,309,447 prior to the dissolution of the Agency on January 31, 2012.
69 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 5: Notes Receivable (Continued)
With the dissolution of the Agency effective February 1, 2012, the Successor Agency assumed the balance of the obligation to repay the advances in the amount of $25,603,129 for principal and accrued interest and recorded a notes payable to the Low and Moderate Income Housing Asset Fund equal to twenty percent of the balance of the notes. During fiscal year 2013, the State De partment of Finance denied the prepaid advance and required the return of $7,309,447 to the Successor Agency. The General Fund returned the cash to the Successor Agency during fiscal year 2013. The Successor Agency received its Finding of Completion in August 2013 determining that notes are enforceabl e obligations.
During fiscal year 2014, the Successor Agency completed its Long-Range Property Management Plan which was approved by the Department of Finance in May 2014 and as a result, the Successor Agency transferred land that was designated for governmental use to the City in th e amount of $7,107,581. As a result of the transfer, the City cancelled the notes that had been made to th e former Redevelopment Agency for the purchase of those properties, including accrued interest, in the amount of $5,902,331.
During fiscal year 2014, the Department of Finance clarified how the interest is to be calculated on each note to the Successor Agency. The City recalculated the interest due on the notes using the revised guidance and as a result the interest receivable was reduced by $3,030,067. The principal balance of the notes as of June 30, 2022 is $13,983,774.
i. Housing Rehabilitation and Affordable Housing Notes Receivable
The City engages in programs designed to encourage construction or improvement in low-to-moderate income housing or other projects. Under these programs, grants or notes are provided under favorable terms to home- owners or developers who agree to spend these funds in accordance with the City’s or Agency’s terms. Although these notes are expected to be repaid in full, their balance has been offset with a deferred inflow of resources as they are not expected to be repaid during the next fiscal year and any repayments will be used to reduce future grant draw-downs by the City. Wit h the dissolution of the Agency effective February 1, 2012, the assets of the Low and Moderate Income Housing Fund, including affordable housing notes receivable, were assumed by the Low and Moderate Income H ousing Asset Fund. The balance of the notes receivable arising from these programs at June 30, 2022, was $32,771,282.
Note 6: Developer Permit Fees Receivable
The City has entered into a number of agreements with developers to defer permit fees for various projects within the City. Although these fees are expected to be repaid in full, their balance has been offset by unavailable revenue in governmental funds, as they are not expe cted to be repaid early enough to be reported as a current asset. The receivable was valued at $9,917,899 at June 30, 2022.
Note 7: Development Agreements
The City may enter into development agreements in an effort to provide incentives to develop new businesses and new tax revenues. The substance of these agreeme nts is that developers or other public agencies will be paid a portion of future sales tax or traffic mitigation fee revenues produced by their developments. These payments are conditioned on the generation of sales tax revenues or traffic mitigation fee revenues by these development s and the City is not required to use any other resources to pay these amounts.
70 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 8: Capital Assets
a. Capital Asset Additions, Retirements and Transfers
Capital asset activity for the year ended June 30, 2022, was as follows:
Balance
July 1, 2021 Additions Retirements Transfers
Balance
June 30, 2022
Governmental activities
Capital assets, not being depreciated:
Land 126,692,524$ -$ -$ (1,454,653)$ 125,237,871$ Streets (modified) 383,911,533 11,170,862 - 7,125,441 402,207,836 Construction in progress 67,040,425 54,609,581 - (35,524,839) 86,125,167 Total capital assets not being depreciated 577,644,482 65,780,443 - (29,854,051) 613,570,874 Capital assets, being depreciated/Amortized:
Buildings 185,028,959 - - - 185,028,959 Improv ements 48,424,262 1,170,338 - - 49,594,600 Vehicles & equipment 90,553,668 3,853,696 (3,202,229) 4,789,737 95,994,872 Parks 107,489,690 1,978,743 - 570,640 110,039,073 Landscaping 60,821,875 1,131,272 - 10,459,258 72,412,405 Bike Paths 10,118,128 237,090 - 3,618,938 13,974,156 Bridges 85,487,822 - - 535,709 86,023,531 Culv erts 21,029,296 - - - 21,029,296 Curb, gutter, sidewalk, and median curbs 187,331,780 6,742,199 - - 194,073,979 Drain inlets 22,061,941 - - - 22,061,941 Soundwall 43,520,026 2,058,368 - 4,725,300 50,303,694 Storm drains 126,551,110 6,926,880 - 3,699,816 137,177,806 Tr
affic signals 1,817,599 - - - 1,817,599 Right-to-use leased assets - 208,246 - - 208,246 Total capital assets being depreciated 990,236,156 24,306,832 (3,202,229) 28,399,398 1,039,740,157 Less accumulated depreciation for:
Buildings (77,856,147) (4,551,301) - - (82,407,448) Improvements (16,387,487) (961,690) - - (17,349,177) Vehicles & equipment (62,477,876) (8,272,330) 3,200,498 - (67,549,708) Parks (56,165,299) (3,371,737) - - (59,537,036) Landscaping (48,325,432) (2,284,350) - - (50,609,782) Bike Paths (8,323,187) (283,269) - - (8,606,456) Bridges (16,100,156) (950,857) - - (17,051,013) Culv erts (7,514,608) (280,391) - - (7,794,999) Curb, gutter, sidewalk, and median curbs (143,689,013) (4,326,057) - - (148,015,070) Drain inlets (11,678,709) (441,238) - - (12,119,947) Soundwall (18,545,220) (1,364,445) - - (19,909,665) Storm drains (24,728,386) (1,745,389) - - (26,473,775) Traffic signals (197,649) (90,880) - - (288,529) Right-to-use leased assets - (39,118) - - (39,118) Total accumulated depreciation/amortization (491,989,169) (28,963,052) 3,200,498 - (517,751,723) Net capital assets being depreciated/amortized 498,246,987 (4,656,220) (1,731) 28,399,398 521,988,434 Governmental activities capital assets, net 1,075,891,469$ 61,124,223$ (1,731)$ (1,454,653)$ 1,135,559,308$
71 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 8: Capital Assets (Continued)
Balance
July 1, 2021 Additions Retirements Transfers
Balance
June 30, 2022
Business-type activities
Capital assets, not being depreciated:
Land 17,689,908 $ - $ - $ 1,454,653$ 19,144,561 $ Streets (modified) 2,304,491 - - - 2,304,491 Construction in progress 119,372,943 89,161,082 (140,177) (29,107,812) 179,286,036 Total capital assets not being depreciated 139,367,342 89,161,082 (140,177) (27,653,159) 200,735,088 Capital assets, being depreciated:
Buildings 33,612,030 - - 5,190,751 38,802,781 Improvements 43,259,851 18,537 (4,513) 149,516 43,423,391 Vehicles & equipment 52,066,681 390,826 (152,771) 5,775,352 58,080,088 Landscaping 1,740,121 - - 49,975 1,790,096 Bike Paths 6,531,682 - - - 6,531,682 Bridges 12,018,098 - - 4,828 12,022,926 Culverts 348,248 - - - 348,248 Curb, gutter, sidewalk, and median curbs 1,223,107 - - - 1,223,107 Drain inlets 75,699 - - - 75,699 Storm drains 164,362 - - - 164,362 Traffic signals 74,240,600 - (409,643) 1,502,311 75,333,268 Plants and substations 391,287,569 - (805,844) 890,880 391,372,605 Distribution 1,635,587,467 63,116,922 (740,804) 11,282,216 1,709,245,801 Generation 212,846,421 2,040 (125,204) 4,261,983 216,985,240 Total capital assets being depreciated 2,465,001,936 63,528,325 (2,238,779) 29,107,812 2,555,399,294 Less accumulated depreciation for:
Buildings (9,878,268) (864,471) - - (10,742,739) Improvements (4,859,173) (1,012,773) 2,276 - (5,869,670) Vehicles & equipment (33,159,163) (4,828,962) 137,675 - (37,850,450) Landscaping (805,723) (102,647) - - (908,370) Bike Paths (3,365,587) (326,584) - - (3,692,171) Bridges (476,810) (133,539) - - (610,349) Culverts (58,252) (4,643) - - (62,895) Curb, gutter, sidewalk, and median curbs (201,709) (61,155) - - (262,864) Drain inlets (3,893) (1,514) - - (5,407) Storm drains (13,069) (2,191) - - (15,260) Traffic signals (47,616,642) (2,512,593) 391,615 - (49,737,620) Plants and substations (163,932,493) (8,461,477) 506,642 - (171,887,328) Distribution (420,918,097) (25,882,350) 432,152 - (446,368,295) Generation (102,870,639) (8,130,310) 36,249 - (110,964,700) Total accumulated depreciation (788,159,518) (52,325,209) 1,506,609 - (838,978,118) Net capital assets being depreciated 1,676,842,418 11,203,116 (732,170) 29,107,812 1,716,421,176 Business-type activities capital assets, net 1,816,209,760$ 100,364,198$ (872,347)$ 1,454,653$ 1,917,156,264$
During the fiscal year the General fund transferred land to the Water fund and Waste Services fund valued at $1,454,653 to be used in new well sites and future EU development.
72 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 8: Capital Assets (Continued)
b. Depreciation/Amortization Allocation
Depreciation expense is charged to functions and programs based on their usage of the related assets. The amounts allocated to each function or program is as follows:
Governmental Activities
General Government 1,358,156$
Development & Operations 702,653
Public Works 8,709,531
Police 156,111
Fire 281,589
Library 302,539
Parks and Recreation 6,221,501
11,230,972
Total Governmental Activities 28,963,052 $
Business-Type Activ ities
Electric 24,099,767$
Water 11,755,376
Wastewater 14,165,911
Waste Serv ices 455,470
Local Transportation 1,733,097
School-Age Child Care 115,588
Total Business-Type Activities 52,325,209 $
Capital assets held by the City's internal service funds are charged to the v arious functions based on their usuage of the assets
c. Streets Covered By the Modified Approach
The City has elected to use the modified approach with respect to its streets. The City’s policy based on current funding is to maintain the arterial and collector roadw ays at an average Pavement Quality Index (PQI) of 72 and residential roadw ays at an average PQI of 65, i nstead of providing depreciation. During fiscal year 2022, the City expended $13,658,427 to preserve its streets. The City estimates that it will be required to expend approximately $29,283,349 in fiscal year 2023 to maintain its streets at this condition level.
73 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 9: Leases
Lessee Leases
For the year ended June 30, 2022, the financial statements include the adoption of GASB Statement No. 87, Leases. The primary objective of this statement is to enhance the relevance and consistency of information about governments' leasing activities. This statement establishes a single model for lease accounting based on the principle that leases are financings of the right to use an underlying asset. Under this Statement, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources. For additional information, refer to the disclosures below.
Lease Liability
Balance as of Balance as of
July 1, 2021 Additions Reductions June 30, 2022
Land Improvements -$ 208,246$ 38,790$ 169,456$ Total Lease Liability -$ 208,246$ 38,790$ 169,456$
On July 21, 2021, City of Roseville, CA entered into a 60 month lease as Lessee for the use of City Parking Lot Lease - 400 Lincoln. An initial lease liability was recorded in the amount of $208,246. As of June 30, 2022, the value of the lease liability is $169,456. City of Roseville, CA is required to make monthly fixed payments of $3,500. The lease has an interest rate of 0.5770%. The value of the right to use asset as of June 30, 2022 of $208,246 with accumulated amortization of $39,118 is included with Land Improvements on the Lease Class activities.
Fis cal year Principal Interes t Total
2023 41,131 869 42,000
2024 41,369 631 42,000
2025 41,608 392 42,000
2026 41,849 151 42,000
2027 3,499 2 3,501
Total 169,456$ 2,045$ 171,501$
74 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 9: Leases (Continued)
Lessor Leases
For the year ended June 30, 2022, the financial statements incl ude the adoption of GASB Statement No. 87, Leases. The primary objective of this statement is to enhan ce the relevance and consistency of information about governments' lea sing activities. This statement establishes a single model for lease accounting based on the principle that leases are financings of the right to use an underlying asset. Under this Statement, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources. For additional information, refer to the disclosures below.
Lease Receivable
GOVERNMENTAL FUNDS: Balance as of Balance as of
July 1, 2021 Additions Reductions June 30, 2022
Lease Receivable
Buildings 2,698,627 $ - $ 667,576$ 2,031,051 $ Infrastructure 486,015 - 127,444 358,571 Land 2,007,414 - 185,520 1,821,894
Total Lease Receivable 5,192,056$ -$ 980,540$ 4,211,516$ PROPRIETARY FUNDS: Balance as of Balance as of
July 1, 2021 Additions Reductions June 30, 2022
Lease Receivable
Buildings 1,066,991$ -$ 106,956$ 960,035$ Land - 7,981,596 2,741,596 5,240,000
Total Lease Receivable 1,066,991$ 7,981,596$ 2,848,552$ 6,200,035$
Deferred Inflows of Resources
GOVERNMENTAL FUNDS: Balance as of Balance as of
July 1, 2021 Additions Reductions June 30, 2022
Deferred Inflow of Resources:
Buildings 2,698,627 $ - $ 680,150$ 2,018,477 $ Infrastructure 486,015 - 132,868 353,147 Land 2,007,414 - 196,435 1,810,979 Total Lease Receivable 5,192,056 $ - $ 1, 009,453$ 4,182,603 $ PROPRIETARY FUNDS: Balance as of Balance as of
July 1, 2021 Additions Reductions June 30, 2022
Deferred Inflow of Resources:
Buildings 1,066,991 $ - $ 118,555$ 948,436 $ Land - 7, 981,596 2, 850,570 5,131,026 Total Lease Receivable 1,066,991 $ 7, 981,596$ 2,969,125 $ 6,079,462$ 75 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 9: Leases (Continued)
The City leases land, infrastructure and buildings to various companies and individuals. An initial lease receivable was recorded as of July 1, 2021 in the amount of $5,192,056 and $1,066,991 for governmental and proprietary funds respectively. As of June 30, 2022, the value of the leases receivable is $4,211,516 and 6,200,035 respectively.
Note 10: Long-Term Debt
The City generally incurs long-term debt to finance projects or purchase assets, which will have useful lives equal to or greater than the related debt.
For governmental fund types, bond premiums and discounts, as we ll as issuance costs, are recognized during the current period. Bond proceeds are reported as other financing sources gross of the applicable premium or discount. Issuance costs, even if withheld from the actual net proceeds received, are reported as debt service expenditures. For proprietary fund types includ ed, bond premiums and discounts are deferred and amortized over the life of the bonds using the eff ective interest method. Bonds payable are reported net of the applicable bond premium or discount. Any di fferences between proprietary and government-wide refunded debt and the debt issued to refund it, is amortized over the remaining life of either the refunded debt or the refunding debt, whichever is shorter.
76 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 10: Long-Term Debt (Continued)
a. Current Year Transactions and Balances
Original Issue Amount
Balance
June 30, 2021 Additions Deletions*
Balance
June 30, 2022 Short term Portion
Gov ernmental Activ ities Debt:
Direct Placement Debt:
Sub-Lease Certificates of Participation:
2013 Public Facilities Refunding
2.15%, due 8/1/25 16,324,609$ 6,143,935$ -$ 1,365,948$ 4,777,987$ 1,395,223$ Loans:
Successor Agency 4,072,574 3,469,049 - 3,469,049 - - Total direct placement 20,397,183 9,612,984 - 4,834,997 4,777,987 1,395,223 Certificates of Participation
2015 316 Vernon Street Project
2.00% - 5.25%, due 8/1/45 14,425,000 13,165,000 - 290,000 12,875,000 305,000 Add: dept premium - 695,206 - 27,808 667,398 Total certificate of participation 14,425,000 13,860,206 - 317,808 13,542,398 305,000 Total Governmental-Type Activities Debt: 34,822,183$ 23,473,190$ -$ 5,152,805$ 18,320,385$ 1,700,223$ Business-Type Activ ities Debt:
Direct Placement Debt:
Certificates of Participation
2012 Electric System Revenue Refunding
variable rates, due 2/1/35 90,000,000$ 54,000,000$ -$ -$ 54,000,000$ 2,925,000$ Loans
2020 SRF Loan
1.30% Interest, due 6/10/2052 4,344,362 4,344,362 27,506,921 - 31,851,283 - Total direct placement debt 94,344,362 58,344,362 27,506,921 - 85,851,283 2,925,000 Certificates of Participation
2004 Electric System Revenue,
3.00% - 5.25%, due 2/1/34 39,940,000 5,000 - - 5,000 - Less: bond discount (728,254) - - - - - 2015
Water Utility Revenue Refunding
2.00% - 5.00%, due 12/1/30 42,565,000 27,640,000 - 2,825,000 24,815,000 2,975,000 Add: bond preminum 6,899,891 4,157,679 - 461,964 3,695,715 - Total Certificates of Participation 88,676,637 31,802,679 - 3,286,964 28,515,715 2,975,000 Revenue Bonds
2007 Gas Revenue Bonds
4.00% - 4.00%, due 2/15/28 209,350,000 97,290,000 - 11,920,000 85,370,000 12,520,000 Add: bond preminum 15,454,116 4,415,462 - 735,910 3,679,552 - 2013 Electric System Revenue Refunding
2.00% - 5.00%, due 2/1/29 48,780,000 6,290,000 - 5,415,000 875,000 875,000 Add: bond preminum 5,899,513 1,002,655 - 501,327 501,328 - 2011 Refunding Wastewater Revenue Bonds, Series C
1.00% - 5.25%, due 11/1/25 36,315,568 - - - - Add: bond preminum 2,839,017 - - - - 2014 Refunding Electric System Revenue Bonds
5.00%, due 2/1/34 16,485,000 - - - - Add: bond preminum 2,129,224 - - - - 2017A Electric System Revenue Refunding
3.00% - 5.00%, due 2/1/37 56,210,000 56,210,000 - 175,000 56,035,000 2,765,000 Add: bond preminum 5,069,937 3,862,809 - 241,426 3,621,383 - 2017B Taxable Electric System Rev enue Refunding
1.03% - 2.41%, due 2/1/22 6,265,000 2,525,000 - 2,525,000 - 20 20 Refunding Electric System Revenue Bonds
0.39%-2.08%, due 2/1/34 34,770,000 34,450,000 - 640,000 33,810,000 640,000 2017 Wastewater Revenue Bonds
5.00%, due 11/1/37 46,109,348 - - - - Add: bond preminum 10,618,219 - - - - 2020 Wastewater Reveune Bonds
5.00%, due 11/1/35 30,296,244 - - - - Add: bond preminum 10,372,759 - - - - Total Revenue Bonds 536,963,945 206,045,926 - 22,153,663 183,892,263 16,800,000 Total Business-Type Activities Debt: 719,984,944$ 296,192,967$ 27,506,921$ 25,440,627$ 298,259,261$ 22,700,000$
77 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 10: Long-Term Debt (Continued)
b. Direct Placement Debt
2013 Public Facilities Refunding Lease
On June 1, 2013, the City entered into a Lease and Sublease Agreement in the amount of $16,324,609 to refund the outstanding 2003A Public Facilities Refunding Certificates of Participation (2003A COPs) and the 2003B Golf Course Refunding Certificates of Participation (2003B COPs). The 2003A and 2003B COPs were called on August 1, 2013. The Lease is repayable from any source of available funds of the City which includes the General Fund; however, the Golf Course Special Rev enue Fund is expected to repay the portion of the lease related to the refunding of the 2003B Certificates of Participation. Principal and interest payments are payable semi-annually on February 1 and August 1 t hrough 2025. The amount outstanding as of June 30, 2022 was $4,777,987 in governmental activities.
Loans from the Successor Agency
The former Redevelopment Agency made a loan in the amount of $3,469,049 in May 2011 to the Roseville Community Development Corporation, a component unit of the City . The Agency had entered into the agreement with the Corporation under which the Agency agreed to provide funding to the Corporation in the form of a start-up loan not to exceed five million dollars ($5,000,000). The loan is a 20-year loan deferred for 10 years with accrued interest and principal due beginning January 1, 2021. A State Supreme Court decision on August 11, 2011 suspended all redevelopment activity effective June 28, 2011. However, the Successor Agency of the Redevelopment Agency continued to make disburseme nts related to the loan agreement after that date, because it had been approved by the Redevelopment Agency Board prior to the Court decision.
Under the provisions of Health and Safety Code Section 34171(d)(2), agreements between the City or any of its component units and the former Redevelopment Agency that were executed after December 31, 2010 are no longer enforceable obligations and Health and Safety Code Section 34167.5 requires that if the City or component unit is not contractually committed to a third par ty for the expenditure or encumbrance of those funds that they be returned to the Successor Agency.
The City continues to contend that the loan agreement was lawfully entered into at the time of its execution and therefore transactions executed with the Corporation prior to the dissolution of the redevelopment agency were not reversed in the current fiscal year and remain in the Corporation as of June 30, 2022.
Upon dissolution of the redevelopment agency, the note was transferred to the Successor Agency. The note accrues interest at a rate equal to the City's average interest earnings plus 1 percent, adjusted every five years. Principal and interest payments commence on June 30, 2021 and will be due annually with the final payment scheduled on June 30, 2030. As of June 30, 2021, the note bears interest of 2.288 percent with interest accrued of $683,003. As of June 30, 2022, the balance due is zero.
A payment in the amount of $2,313,965 was received from RCDC an d the remaining principal balance of $1,155,804 and accrued interest of $683,003 were written off in fiscal year 2022.
2012 Electric System Revenue Refunding Certificates of Participation
On November 7, 2012, the City entered into a direct placement agreement with U.S. Bank for the purchase of the 2012 bonds. The COPSs were issued to refund and retire t he outstanding balance of the 2008A Electric System Revenue COPs. As of June 30, 2022, the City’s o utstanding debt from direct borrowing of $54,000,000 are subject to special redemption prior to their re spec tive stated date of maturity by the City
upon written notice. There is no provision for early redemption by U.S. Bank (Purchaser).
The bonds are secured by a pledge of the net revenue of the Electric Department. The revenue may not be used for any other purpose while any of the bonds remain outstanding. 78 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 10: Long-Term Debt (Continued)
The continuing covenant agreement for the bonds includes a prov ision that in an event of default, the repayment of the outstanding prin cipal plus any accrued interest becomes immediately due. The City is responsible for cost increases caused by the adoption of a law or rule applicable to the bonds, changes in the taxes or tax basis of the Purchaser or Credit Protection Provider.
The terms of this agreement were renewed on April 20, 2016 and expired on November 1, 2019. The City originally entered into a 27-year interest rate swap agreement for the entire amount of the 2008A COPs, and the interest rate swap agreement remains outstanding after the refunding, but the notional amount of the swap is based on the notional amount of the 2008A COPs. The combination of the variable rate COPs and a floating rate swap creates synthetic fixed-rate debt for the City. The synthetic fixed rate for the COPs was
4.191 percent for the year ended June 30, 2020. On November 1, 2019, the 2012 Electric COPs were paid down by $36,000,000 leaving a balance of $54,000,000. In addition, the Bank of America Merrill Lynch swap was terminated as of this date. As a result, the City paid $7,1 76,500 to terminate the interest rate swap agreement. The U.S. Bank direct placement was renewed with new interest rate terms of 80% of one-month LIBOR plus 60 basis points with direct placement expiring May 1, 2023. The COPs are subject to mandatory prepayment annually beginning Fe bruary 1, 2023 th rough 2035. The balance outstanding as of June 30, 2022 is $54,000,000.
The continuing covenant agreement for the bonds includes a prov ision that in an event of default, the repayment of the outstanding principal plus any accrued interest becomes immediately due.
2020 State Revolving Fund Loan
In June 2020, the City entered into a loan agreement with the State Water Resources Control Board to secure funding for the Pleasant Grove Wastewater Treatment Plan t Expansion and Energy Recovery Project in the form of a loan from the Clean Water State Revolv ing Fund. The loan is approved for up to $108,021,755, bears interest at the rate of 1.30%, and is payab le in 30 annual payments beginning on June 10, 2024. Total funds drawn on the loan at June 30, 2022 was $31,851,284.
c. Certificates of Participation
2015 316 Vernon Street Project Certificates of Participation
On July 14, 2015, the Rosev ille Finance Authority issued the Certificates of Participation , Series 2015 (316 Vernon Street Project), in the principal amount of $14,425,000 to fund a portion of the acquisition and construction of an office building located at 316 Vernon Street. The Lease bears interest at 2.00 percent to
5.25 percent and are due semi-annually at February 1 and August 1 of each year. The Lease is repayable from any source of legally available funds of the City, including (but not limited to) amounts held by the City in its General Fund according to the Lease Agreement in the official statement. Principal payments are due annually on August 1 through 2045. The amount outstanding as of June 30, 2022 is $12,875,000.
2004 Electric System Revenue Certificates of Participation
On July 1, 2004, the City issued $39,940,000 of Certificates of Participation to finance capital improvements to the City’s Electric System. The COPs are repayable from net revenue of the Electric Utility System. The COPs bear interest at 3.00 percent to 5.25 percent and are due semi-annually on February 1 and
August 1 of each year beginning February 1, 2005. Principal payments are due annually on February 1 through February 2034. The COPs were partially refunded by the 2013 Electric System Revenue Refunding Bonds as discussed below. In August 2014, the 2004 Electric System Revenue Certificates of Participation were partially refunded by the 2014 Electric System Revenue Refunding Bonds leaving a par amount of $5,000.
79 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 10: Long-Term Debt (Continued)
2015 Water Utility Revenue Refunding Certificates of Participation
On August 20, 2015, the Roseville Finance Authority issued the Water Revenue Certificates of Participation, Series 2015, in the principal amount of $42,565,000 to refund t he 2007 Water Utility Certificates of Participation. The Bonds bear int erest at 2.00 percent to 5.00 percent and are due semi-annually on December 1 and June 1 of each year. The Bonds are repayable by a pledge of net revenue from the Water Utility System. Principal payments are due annually on December 1 through 2030.
As of June 30, 2022, the total principal and interest remaining to be paid on the bonds was $29,427,855. As disclosed in the official statement, all net revenues of the Wa ter Utility System are expected to provide coverage over debt service of 120 percent over the life of the Bonds. For fiscal year 2022, net revenues amounted to $28,791,531 which represented coverage of 696 percent over the $4,134,075 in debt service.
The balance outstanding as of June 30, 2022 is $24,815,000.
d. Revenue Bonds
2007 Roseville Natural Gas Financing Authority Gas Revenue Bonds
On January 24, 2007, the Authority issued $209,350,000 of Gas Revenue Bonds, Series 2007 (the Bonds), to finance a lump sum prepayment to a Gas Supplier (See Note 20A) in order to acquire a supply of natural gas to be delivered over a period of twenty-years. The gas purc hased by the Authority will be sold to the City pursuant to a Natural Gas Supply Agreement (See Note 20C) to produce revenues to be used for debt service on the Bonds.
Principal payments are due annually on February 15 through 2028 and interest is payable semiannually on February 15 and August 15. The balance outstanding as of June 3 0, 2022 is $85,370,000. As of June 30, 2022, the total principal and interest to be paid on the bonds was $100,924,000. For fiscal year 2022, net revenues amounted to $21, 844,517, which represented c overage of 132 percent over the $16,561,000 in debt service.
2013 Electric System Revenue Refunding Bonds
On November 14, 2013, the Roseville Finance Authority issued th e Electric System Revenue Refunding Bonds, Series 2013, in the principal amount of $48,780,000 to refund a portion of each of the 2004 Electric System Revenue and 2005 Electric S ystem Revenue, Series A, Cert ificates of Participation. The Bonds bear interest at 2.00 percent to 5.00 percent and are due semi-annually on February 1 and August 1 of each year. The Bonds are repayable by a pledge of net revenue from t he Electric System. Principal payments are due annually on February 1 through 2023. In September 2020, the City issued the 2020 Taxable Electric System Revenue Refunding Bonds, which refunded a portion of the 2013 bonds, which are further described below. The balance outstanding as of June 30, 2022 was $875,000.
80 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 10: Long-Term Debt (Continued)
2017A Electric System Revenue Refunding Bonds
On February 8, 2017, the City issued Revenue Bonds in the original principal amount of $56,210,000. The Bonds were issued to refund a portion of the 2009 Electric Syst em Revenue Refunding Certificates of Participation and the 2010 Elec tric System Revenue Refunding Bonds. The Revenue Bonds bear interest at 3.00 percent to 5.00 percent and are due semi-annually on Fe bruary 1 and August 1 of each year.
Principal payments are due annually on February 1 through 2037. The balance outstanding as of June 30, 2022 is $56,035,000.
2017B Taxable Electric System Revenue Refunding Bonds
On February 8, 2017, the City issued Taxable Revenue Bonds in the original principal amount of $6,265,000.
The Bonds were issued to refund a portion of the 2009 Electric System Revenue Refunding Certificates of Participation and the 2010 Electric System Revenue Refunding Bonds. The Revenue Bonds bear interest at
1.03 percent to 2.41 percent and are due semi-annually on February 1 and August 1 of each year. Principal payments are due annually on February 1 through 2022. The balan ce outstanding as of June 30, 2022 is zero.
2020 Taxable Electric System Revenue Refunding Bonds
On September 2020, the City issued Taxable Revenue Bonds in the original principal amount of $34,770,000. The Bonds were issued to refund a portion of the 2013 and 2014 Electric System Revenue Refunding Bonds. The Revenue Bonds bear interest at 0.389 percent to 2.081 percent and are due semi-annually on February 1 and August 1 of each year. Principa l payments are due annually on February 1 through 2034. The balance outstanding as of June 30, 2022 is $33,810,000.
Electric Bonds Net Revenue Summary
As of June 30, 2022, the total principal and interest remaining to be paid on the 2004 Electric System Revenue COPs, 2012 Electric Sys tem Revenue Refunding COPs, the 2013 Electric System Revenue Refunding Bonds, the 2014 Electric System Revenue Refunding bon ds, the 2017A Electric System Revenue Refunding bonds and the 2017B Electric System Revenue R efunding bonds was $176,841,623.
As disclosed in the official statements, all net revenues of the Electric System are expected to provide coverage over debt service of 110% over the lives of the Bonds. For fiscal year 2022, net revenues amount to $55,885,683 which represents coverage of 399% over the $14,010,886 in debt service.
e. Interest Rate Swap Agreements
The City entered into interest rate swap agreements in connecti on with the 2008 Electric Revenue Certificates of Participation (C OPs), Series A. Additionally, t he South Placer Wastewater Authority (Authority), in which the City has a 64.57 interest, entered into an interest rate swap agreement in connection with the 2008 Refunding Wastewater Revenue Bonds, Series B. The Authority amended the swap with the issuance of the 2017 Bonds, including reducing the notional amount of the swap by $29.12 million.
These transactions allow the City to create synthetic fixed rates on the COPs and Revenue Bonds, protecting it against increases in short-term interest rates. The terms, fair value and credit risk of the swap agreements are disclosed below.
81 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 10: Long-Term Debt (Continued)
The Bank of America Merrill Lynch swap related to Electric Syst em Revenue COP was terminated on November 1, 2019, and th e Authority’s swap was terminated in April 2020.
Terms. The terms, including the counterparty credit ratings of the outstanding swaps, as of June 30, 2022, are included below. The swap agreements contain scheduled reductions to the outstanding notional amount that are expected to follow scheduled reductions in the associated bond issues.
Related Bond Issue
Notional
Amount Effective Date Counterparty
Credit
Rating
(A)
Fixed Rate
Paid
Variable Rate
Received
Termination
Date
2012 Electric System Morgan Stanley 80% of 1m
Revenue Refunding COP 54,000,000$ 5/13/2008 Capital Services, Inc. A+ 3.321% LIBOR plus 60 5/1/2023 54,000,000$ basis points
(A)
Credit rating by Standard & Poor's Agency.
Based on the swap agreement, the City owes interest calculated at a fixed rate to the counterparty of the swap. In return, the counterparty owes the City interest based on the variable rate that approximates the rate required by the associated COPs. Debt principal is not exc hanged; it is only the basis on which the swap receipts and payments are calculated.
Fair value. Fair value of the swaps takes into consideration the prevaili ng interest rate environment, the specific terms and conditions of each transaction and any upfront payments that may have been received.
Hedging derivative instruments are classified as Level 2 and are valued using a discounted cash flow technique, which calculates the future net settlement payments, assuming that current forward rates implied by the yield curve correctly anticipate future spot interest ra tes (LIBOR or SIFMA). The payments are then discounted using the spot rates ( LIBOR or SIFMA) implied by the current yield curve for hypothetical zero-coupon bonds due on the date of each future net settlement on the swap. As of June 30, 2022, the fair value of the swap was not in favor of the City as follows:
2022 2021
(4,190,270)$ (10,219,188)$
Fair Value
2012 Electric System Revenue Refunding COP (based on notational amount of 2008 Electric System Revenue COP, Series A)
Related Bond Issue
Morgan Stanley Capital Services Inc.
Credit Risk. Since the fair values of the swap is negative, the City is not currently exposed to credit risk. The fair value may increase if interest rates increase in the future. Should interest rates increase to the point where the fair values become pos itive, the City would be exposed to credit risk on the outstanding swaps.
The City will be exposed to interest rate risk only if a c ounterparty to a swap defaults or if the swap is terminated.
Basis Risk. Basis risk is the risk that the interest rate paid by the City on the underlying variable rate bonds to the bondholders temporarily differs from the variable swap r ates received from the applicable counterparty. The City bears basis risk on the swaps. The swaps have basis risk since the City receives a percentage of the LIBOR Index to offset the actual variable bond rates the City pays on the underlying COPs and Bonds. The City is exposed to basis risk should the floating rate that it receives on a swap be less than the actual variable rate the City pays on the bonds. Depending on the magnitude and duration of any basis risk shortfall, the expected cost of the basis risk may vary.
Termination Risk. The City may terminate if the other party fails to perform under the terms of the contract.
The City will be exposed to variable rates if the counterparty to the swap contract defaults or if the swap contract is terminated. A termi nation of the swap contract may also result in the City’s making or receiving a termination payment based on market interest rates at the tim e of the termination. If at the time of 82 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 10: Long-Term Debt (Continued)
termination, the swap has a negative fair value, the City would be liable to the counterparty for a payment equal to the swap’s fair value.
Rollover Risk. Rollover risk is the risk that the swap associated with a deb t issue matures or may be terminated prior to the maturity of the associated debt. When the swap terminates or a termination option is exercised by the counterparty, the City w ill be re-exposed to the risks being hedged by the swap. The would be exposed to rollover risk if the swap terminates before the maturity date.
Swap payments and associated debt . Using rates as of June 30, 2022, debt service requirements of the City’s outstanding swap-related variable-rate and fixed rate debt and net swap payments are as follows. As rates vary, variable-rate bond interest payments and net swap p ayments will vary. These payments below are included in the Debt Service Requirements at June 30, 2022:
Principal Interest
Interest rate
Swaps, Net Total
2,925,000$ 930,580$ 822,286$ 4,677,866$ 3,420,000 875,373 773,504 5,068,877 3,555,000 814,084 719,346 5,088,430 3,690,000 750,414 663,086 5,103,500 3,840,000 684,254 604,626 5,128,880 21,525,000 2,335,761 2,063,941 25,924,702 15,045,000 426,601 376,956 15,848,557 Totals 54,000,000$ 6,817,067$ 6,023,745$ 66,840,812$ 2025
2028-2032
2033-2037
2023
Variable-Rate Bonds
Year Ending June 30,
2024
2026
2027
f. Debt Service Requirements
Debt service requirements are shown below for the remaining long-term debt:
Principal Interest Principal Interest Principal Interest 305,000$ 581,713$ 1,395,223$ 95,228$ 1,700,223$ 676,941$ 320,000 566,088 1,423,672 62,529 1,743,672 628,617 335,000 549,713 966,917 36,923 1,301,917 586,636 355,000 532,463 992,175 10,666 1,347,175 543,129 370,000 514,338 - - 370,000 514,338 2,145,000 2,270,000 - - 2,145,000 2,270,000 2,650,000 1,763,963 - - 2,650,000 1,763,963 3,230,000 1,162,631 - - 3,230,000 1,162,631 3,165,000 326,125 - - 3,165,000 326,125 Totals 12,875,000 8,267,034$ 4,777,987 205,346$ 17,652,987 8,472,380$ Reconciliation of long-term debt
Add deferred bond premium 667,398 - 667,398 Net long-term debt 13,542,398$ 4,777,987$ 18,320,385$ 2024
2025
2026
2028-2032
2043-2047
2033-2037
2038-2042
2027
2023
Year Ending June 30
Governmental Activities
Private Placement Lease and Loans Total
83 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 10: Long-Term Debt (Continued)
Principal Interest Principal Interest Principal Interest 19,775,000$ 8,364,509$ 2,925,000$ 930,580$ 22,700,000$ 9,295,089$ 20,530,000 7,417,611 3,473,644 900,761 24,003,644 8,318,372 21,475,000 6,413,967 4,437,150 1,230,555 25,912,150 7,644,522 22,385,000 5,465,651 4,583,618 1,155,417 26,968,618 6,621,068 23,345,000 4,465,891 4,745,235 1,077,640 28,090,235 5,543,531 47,480,000 11,536,045 26,230,787 4,123,080 73,710,787 15,659,125 45,920,000 6,500,237 20,064,720 1,899,987 65,984,720 8,400,224 - - 5,354,596 1,138,510 5,354,596 1,138,510 - - 5,711,812 781,293 5,711,812 781,293 - - 6,092,860 400,246 6,092,860 400,246 - - 2,231,861 47,767 2,231,861 47,767 Totals 200,910,000 50,163,911$ 85,851,283 13,685,836$ 286,761,283 63,849,747$ Reconciliation of long-term debt
Add deferred bond premium 11,497,978 - 11,497,978 Net long-term debt 212,407,978$ 85,851,283$ 298,259,261$ 2048-20582
2053-2057
2038-2042
2023
Business-Type Activities
Private Placement & Loans
2028-2032
2033-2037
2043-2047
2027
Total
2024
2025
2026
Year Ending June 30
g. Special Assessment Districts
Special Assessment Districts, including Mello Roos Districts, i n various parts of the City have issued debt to finance infrastructure improvements and facilities with in their boundaries. The City is the collecting and paying agent for the debt issued by these Districts but has no direct or contingent liability or moral obligation for the paym ent of this debt. Therefore, this debt is not recorded as long-term debt of the City. The outstanding balance of each of these issues as of June 30, 2022, is as follows:
Maturity Outstanding
Highland Reserv e North Community Facilities District No. 1, Series 2006 9/1/2027 10,175,000$ Woodcreek East Community Facilities District No. 1, Series 2006 9/1/2027 2,395,000 Crocker Ranch Community Facilities District No. 1, Series 2007 9/1/2033 12,281,000 Stoneridge West Community Facilities District No. 1, Series 200 7 9/1/2031 7,195,000 Stoneridge East Community Facilities District No. 1, Series 200 7 9/1/2031 9,220,000 Stoneridge Parcel 1 Community Facilities District No. 1, Series 2007 9/1/2030 1,025,000 Diamond Creek Community Facilities District No. 1, Series 2019 9/1/2037 4,680,000 Roseville Fiddyment Ranch Community Facilities District No. 1, Series 2017 9/1/2036 40,955,000 Roseville Fiddyment Ranch Community Facilities District No. 5, Series 2017 9/1/2047 23,540,000 Roseville Fiddyment Ranch Community Facilities District No. 5, Series 2019 9/1/2049 16,410,000 City of Roseville Fiddyment Ranch Community Facilities District No. 5 Special Tax Bonds Series 2021 9/1/2050 29,305,000 Fountains Community Facilities District No. 1, Series 2016 9/1/2038 9,385,000 Longmeadow Parkside Community Facilities District No. 1, Series 2013 9/1/2036 6,040,000 North Roseville Community Facilities District No. 1 Refunding Bonds, Series 2015 9/1/2023 2,785,000 Placer Valley Sports Complex and Tourism Marketing District, Se ries 2017 8/5/2037 31,063,000 Stone Point Community Facilites District No. 1, Series 2017 9/1/2028 3,790,000 Stone Point Community Facilities District No. 5, Series 2017 9/1/2036 4,000,000 SVSP Westpark-Federico Community Facilities District No. 1, Ser ies 2019 9/1/2049 7,715,000 SVSP Westpark-Federico Community Facilities District No. 1, Ser ies 2021 9/1/2049 8,130,000 SVSP Westpark-Federico Community Facilities District No. 1, Ser ies 2022 9/1/2052 9,755,000 Villages at Sierra Vista Community Facilities District No. 1, S eries 2019 9/1/2049 12,435,000 Villages at Sierra Vista Community Facilities District No. 1, S eries 2020 9/1/2049 9,785,000 Villages at Sierra Vista Community Facilities District No. 1, S eries 2021 9/1/2051 10,375,000 Westpark Community Facilities District No. 1, Series 2015 9/1/2037 59,910,000 Woodcreek West Community Facilities District No. 1 Refunding Bonds, Series 2015 9/1/2030 8,985,000 Westbrook Community Facilities District No. 1, Series 2014 9/1/2044 13,780,000 Westbrook Community Facilities District No. 1, Series 2018 9/1/2048 11,455,000 Westbrook Community Facilities District No. 1, Series 2019 9/1/2049 13,905,000 H
P Campus Oaks Community Facilities District No. 1, Series 2016 9/1/2046 18,495,000 Creekview Community Facilities District No.1, Series 2020 9/1/2050 10,905,000 Creekview Community Facilities District No.1, Series 2021 9/1/2051 12,500,000 Ranch at Sierra Vista Community Facilities District No. 1, Seri es 2020 9/1/2050 20,875,000 Ranch at Sierra Vista Community Facilities District No. 1, Seri es 2021 9/1/2051 13,290,000 Baseline at Sierra Vista Community Facilities District No. 1, S eries 2021 9/1/2051 6,880,000 $ 443,249,000
84 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 11: Derivative Instruments
a. Summary of Notional Amounts and Fair Values
The City enters into contracts to hedge its price exposures to power and natural gas, and to procure energy supplies. These contracts are ev aluated pursuant to GASB Statem ent No. 53, Accounting and Financial Reporting for Derivative Instruments , to determine whether they meet the definition of derivative instruments, and, if so, whether they effectively hedge the expected cash flows associated with interest rate and energy exposures.
The City applies hedge accounting for derivatives that are deem ed effective hedges. Under hedge accounting, the increase (decrease) in the fair value of a hedg e is reported as a deferred inflow or outflow of resources on the statement o f net position. For the reportin g period, all of the City’s derivatives are considered effective hedges.
For energy derivatives, fair val ues are estimated by comparing contract prices to forward market prices quoted by third party market participants or provided in relevant industry publications.
The following is a summary of the fair values and notional amounts of derivative instruments outstanding as of June 30, 2022.
Classification Amount Classification Amount Notational Level Effective Cash Flow Hedges
Electric Fund
Pay Fixed SWAP, Natural Gas Deferred Outflow 6,028,918$ Derivative (4,190,270)$ 342,000 MWh 2 (4,190,270)$
Roseville Narual Gas Financing Authority
Pay Fixed SWAP, Natural Gas Deferred Inflow 2,351,199$ Derivative 8,519,154$ 34,513,500 mmBtu 2 Receive Fixed SWAP, Natural Gas Deferred Outflow 13,671,841 Derivative 55,935,630 76,000-372,000
monthly mmBtu 2
64,454,784$
Fair Value, End of Fiscal Year 20222022 Change in Fair Value
b. Objective and Terms of Hedging Derivative Instruments
The objectives and terms of the City’s hedging derivative instr uments that were outstanding at June 30, 2022, are summarized in the next table. The table is aggregated by the credit ratings of the City’s counterparties. For counterparties having multiple ratings, the rating indicating the greatest degree of risk is used.
Objectives and terms of the City’s hedging derivative instrumen ts that were outstanding at June 30, 2022 are summarized in the table below:
Notational Amount Effective Date Maturity Date Terms Counterparty Rating Forward Contracts, Gas:
Hedge Cash Flows on PG&E citygate Gas 1,982,500 mmBtu 7/1/2021 3/31/2025 Pay $4.18; Receive NGI PG&E citygate price BP Energy A2 Hedge Cash Flows on PG&E citygate Gas 1,377,500 mmBtu 8/1/2022 9/30/2024 Pay $5.59; Receive NGI PG&E citygate price Citigroup Energ yA 2 Hedge Cash Flows on PG&E citygate Gas 837,500mmBtu 8/1/2022 3/31/2 024 Pay $3.55; Receive NGI PG&E citygate price EDF Trading North America Baa3 Hedge Cash Flows on PG&E citygate Gas 685,000 mmBtu 10/1/2022 12/3 1/2023 Pay $4.15; Receive NGI PG&E citygate price J Aron & CompanyA 2 Hedge Cash Flows on PG&E citygate Gas 7,387,500 mmBtu 8/1/2022 3/31/2025 Pay $4.00; Receive NGI PG&E citygate price Macquarie Energ yA 2 Forward Contracts, Power:
Hedge Cash Flows on NP15 Power 54,600 MWh 4/1/2023 6/30/2023 Averag e Cost/Unit at $27.00 Constellation Energy Generation Baa2 Hedge Cash Flows on NP15 Power 30,800 MWh 7/1/2022 9/30/2022 Averag e Cost/Unit at $53.90 J Aron & Company A2 Hedge Cash Flows on NP15 Power 61,600 MWh 7/1/2022 12/31/2027 Average Cost/Unit at $39.80 Macquarie Energy A2 Commodity Swaps, Gas:
Prepayment 20-year supply of Natural Gas 20,426,500 mmBtu 1/1/2008 12/31/2027 Pay index minus 0.68; Receive NGI Merryll Lynch Aa3 1/24/2007 1/24/2028 JPMorgan Chase Bank, NA Aa2
Hedge on Cash Flows on prepayment of
20-year supply of Natural Gas
Type and Objective
From 75,000 to
372,000 mmBtu per
month
Pay NGI PG&E citygate price; Receive
&7.7224 per mmBtu
85 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 11: Derivative Instruments (Continued)
c. Risks of Derivative Instruments
Credit risk – Credit risk is the risk of loss due to a counterparty defaulting on its obligations. The City seeks to minimize credit risk by transacting with creditworthy counterparties. Interest rate swap counterparties are evaluated at the time of transaction execution. The procedure prohibits the City from executing energy hedge transactions with counterparties rated lower than BBB by Standard & Poor’s or Fitch rating services, or Baa2 by Moody’s. Subsequent to entering into transactions, the credit ratings of one or more counterparties may deteriorate. If so, the City’s credit risk management policies increase the amount of collateral that the counterparty must post with the City when the counterparty owes the City, thereby reducing credit risk associated with the decline in the counterparty’s credit worthiness.
Termination risk – Termination risk is the risk that a derivative will terminate prior to its scheduled maturity due to a contractual event. Contractual events include bankruptcy, illegality, default, and mergers in which the successor entity does not meet credit criteria. One aspect of termination risk is that the City would lose the hedging benefit of a derivative that becomes subject to a t ermination event. Another aspect of termination risk is that, if at the time of termination, the mark-to-market value of the derivative was a liability to the City, the City could be required to pay that amount to the counterparty. Termination risk is associated with all of the City’s derivatives up to the fair value amounts.
Note 12: Net Position and Fund Balances
a. Fund Balance and Net Position Deficits
The City reported the following deficit net position and fund balances:
The School-Age Child Care Fund had a deficit net position of at June 30, 2022 of $9,365,602. The City is evaluating the operations of this fund to ensure that service rates are sufficient to cover operations.
The Golf Fund had a deficit fund balance as of June 30, 2022 of $2,462,688. The City is expecting to eliminate this deficit with future program revenues and transfers from the general fund.
The Roseville Finance Authority debt service fund had a deficit fund balance as of June 30, 2022 of $57,513.
The City is expecting to eliminate this deficit with future transfers from other funds.
The Information Technology Fund had deficit net position at June 30, 2022 of $2,117,829. The City is expecting to eliminate this deficit through future internal service rates.
The Workers’ Compensation Fund had deficit net position at June 30, 2022 of $2,171,384. The City is expecting to eliminate this deficit through future internal service rates.
The General Liability Fund had deficit net position at June 30, 2022 of $1,959,624. The City is expecting to eliminate this deficit through future internal service rates.
86 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 12: Net Position and Fund Balances (Continued)
b. Classifications
Detailed classifications of the City’s Fund Balances, as of June 30, 2022, are below:
Capital Projects
Fund
General Fund
Community
Facilities District
Non-Major
Governmental Funds Total
Items not in spendable form:
Prepaids 65,439 $ - $ 3,289 $ 68,728 $ Notes receiv able 11,271,801 - - 11,271,801 Advances 4,483,368 - - 4,483,368 Inventories 269,496 - - 269,496 Subtotal 16,090,104 - 3,289 16,093,393 Amounts required to be maintainded intact:
Permanent funds - - 15,356,353 15,356,353 Total nonspendable fund balances 16,090,104 - 15,359,642 31,449,746 Restriced for:
Community facilities districts - 10,337,912 - 10,337,912 Landscape and lightening - - 15,288,346 15,288,346 Street projects - - 17,022,431 17,022,431 Affordable housing - - 13,263,888 13,263,888 Technology replacement - - 2,743,236 2,743,236 Local access telev ision - - 2,153,549 2,153,549 Public safety services and projects - - 314,262 314,262 Open space maintenace - - 890,896 890,896 Federal grant programs - - 3,183,421 3,183,421 Wildlife preservation - - 1,284,516 1,284,516 Community development - - 131,546,400 131,546,400 Tree propogation - - 1,919,514 1,919,514 Aquatics complex maintenance - - 511,507 511,507 Other capital projects - - 3,212,164 3,212,164 Total restricted fund balances - 10,337,912 193,334,130 203,672,042 Committed to:
Emergency reserve 16,062,772 - - 16,062,772 Economic Stabilization Reserve 24,485,914 - - 24,485,914 Total committed fund balances 40,548,686 - - 40,548,686 Assigned to:
Annual parks and recreation facility maintenance 2,482,064 - - 2,482,064 Police operations and supplies 314,791 - - 314,791 Fire operations and supplies 327,957 - - 327,957 Development services 505,925 - - 505,925 Public works projects 311,771 - - 311,771 Housing projects 364,635 - - 364,635 Various contracts 1,180,363 - - 1,180,363 Building and general rehabilitation projects - - 4,851,442 4,851,442 Total assigned fund balances 5,487,506 - 4,851,442 10,338,948 Unassigned:
General Fund 76,528,041 - - 76,528,041 Other governmental fund deficit residuals - - (2,520,201) (2,520,201) Total unassigned fund balances 76,528,041 - (2,520,201) 74,007,840 Total fund balances 138,654,337$ 10,337,912$ 211,025,013$ 360,017,262$ Fun
d Balance Classification
Nonspendable:
87 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 12: Net Position and Fund Balances (Continued)
c. Emergency Reserve
The City maintains an Emergency Reserve Committed Fund Balance that is set at a minimum of 10% of budgeted General Fund operating expenditures. Appropriations from the Emergency Reserve may only be made by a vote of the City Council to meet a critical, unpredictable financial need such as a declared emergency.
d. Stabilization Reserve
The City also maintains a Stabilization Reserve reported as par t of the committed fund balance. The stabilization reserve is equal to 15% of budgeted General Fund operating expenditures as the target reserve level.
Appropriations may only be made by a vote of the City Council in the event of temporary revenue shortfalls caused by an economic downturn.
Note 13: Pension Plans
Plan Descriptions – Substantially all full-time City employees are eligible to participate in the City’s separate Safety (police and fire) and Miscellaneous (all other) Plans, agent-multiple employer defined benefit pension plans administered by the Califor nia Public Employees Retiremen t System (CalPERS), which acts as a common investment and administrative agent for its participatin g member employers. Benefit provisions under the Plans are established by State statute and may be amended by City resolution. CalPERS issues publicly available reports that include a full description of t he pension plans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.
Benefits Provided – CalPERS provides retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full time em ployment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service. The death benefit is one of the following: the Basic Death benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law. 88 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 13: Pension Plans (Continued)
The Plans’ provisions and benefits in effect at the measurement date, are summarized as follows:
Prior to January 1, 2013 After January 1, 2013
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 - 55 50 - 54
Monthly benefits, as a % of annual salary 3.000% 2.000% - 2.700% Required employee contribution rates 9.000% 12.250% (Police) & 13.250% (Fire) Required normal employer contribution rates 24.061% 24.537% (Police) & 26.504% (Fire) Required employer payment of unfunded liability $6,862,594 $ - Prior to January 1, 2013 After January 1, 2013
Benefit vesting schedule 5 years service 5 years service Benefit payments monthly for life monthly for life
Retirement age 50 - 55 52 - 67
Monthly benefits, as a % of annual salary 2.0% - 2.7% 1.0% - 2.5% Required employee contribution rates 8.000% 6.250%
Required normal employer contribution rates 10.847% 12.500% Required employer payment of unfunded liability $15,938,108 $ - Hire date
Miscellaneous
Hire date
Safety
Employees Covered – As of the measurement date, the following e mployees were covered by the benefit terms for each Plan:
Miscellaneous Safety
Inactive employees or beneficiaries currently receiving benefits9 2 4 2 5 6 Inactive employees entitled to but not yet receiving benefits 96 68 3 Active employees 1041 238
Total 2931 577
Contributions – Section 20814(c) of the California Public Employees’ Retirement law requires that the employer contribution rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in rate. Funding contributions for both Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. Fo r the year ended June 30, 2022, the employer contributions recognized as a reduction to the net pen sion liability for the Miscellaneous Rate Plan and Safety Rate Plan were $27,611,475 and $14,708,012, respectively. 89 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 13: Pension Plans (Continued)
Net Pension Liability
The City’s net pension liability for each Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability of each of the Plans is measured as of June 30, 2021, using an annual actuarial valuation as of June 30, 2020 rolled forward to June 30, 2021. The net pension liability and related deferred outflows/inflows of resources are liquidated by the fund that has recorded the liability.
The long-term portion of governmental activities net pension liability is liquidated primarily by the General Fund. A summary of principal assumptions and methods used to de termine the net pension liability are described below and in the following pages.
Actuarial Assumptions – The total pension liabilities in the June 30, 2020 actuarial valuations were determined using the following actuarial assumptions:
Valuation Date June 30, 2020
Measurement Date June 30, 2021
Actuarial Cost Method Entry Age Normal Cost Method
Discount Rate 7.15%
Inflation 2.50%
Payroll Growth 2.75%
Projected Salary Increase 3.3% - 14.2% (1)
Investment Rate of Return 7.00% (2)
Mortality (3) Derived using CalPERS’ Membership Data for all funds
(1) Depending on age, service and type of employment
Actuarial Assumptions
(2) Net of Pension Plan Investment and Administrative Expenses; includes inflation (3) The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from December 2017 that can be found on the CalPERS website.
The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of expected future real ra tes of return (expected returns, net of pension plan investment expense an inflation) are developed for each major asset class. In determining the long-term expected rate of return on pension plan investments, CalPERS took into account both short and long-term market return expectations as well as the expected pe nsion fund cash flows. Such cash flows were developed assuming that both members and employers will make their required contributions on time and as scheduled in all future years. Using historical returns of all the funds’ asse t classes, expected compound (geometric) returns were calculated over the short-ter m (first 10 years) and the long-term (11+ years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for eac h fund. The expected rate of return was set by calculating the single equivalent expected return that arriv ed 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 then set equivalent to the si ngle equivalent rate calculated above and rounded down to the nearest one quarter of one percent.
90 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 13: Pension Plans (Continued)
The table below reflects long-term expected real rate of return by asset class. The rate of return was calculated using the capital market assumptions applied to determine the discount rate and asset allocation.
These geometric rates of return are net of administrative expenses.
Asset Class 1
Assumed Asset
Allocation
Real Return
Years 1 - 10 2
Real Return
Years 11+ 3
Global Equity 50.0% 4.80% 5.98%
Fixed Income 28.0 1.00 2.62
Inflation Assets - 0.77 1.81
Private Equity 8.0 6.30 7.23
Real Estate 13.0 3.75 4.93
Liquidity 1.0 - (0.92)
2 An expected inflation of 2.0% used for this period
3 An expected inflation of 2.92% used for this period
1 In the Basic Financial Statement, Fixed Income is included in Global Debt Securities; Liquidity is included in Short-Term Investment; Inflation Assets are included in both Global Equity Securities and Global Debt Securities.
Discount rate – The discount rate used to measure the total pension liability was 7.15 percent for each plan.
The projection of cash flows us ed to determine the discount rate assumed that employee contributions will be made at the current contribution rate and that the district’ s contributions will be made at rates equal to the difference between actuaria lly determined contributions rates and the employee rate. Based on those assumptions, each pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive employees. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods o f projected benefit payments to determine the total pension liability.
91 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 13: Pension Plans (Continued)
Changes in the Net Pension Liability
The changes in the net pension liability for each Plan as of the measurement date of June 30, 2021 follows:
Miscellaneous Plan:
Total Pension
Liability (a)
Plan Fiduciary
Net Position (b)
Net Pension
Liability
(a) - (b) = (c)
Balances as of June 30, 2020 (Measurement Date) 746,608,126$ 481,927,863$ 264,680,263$ Changes for the year:
Service cost 15,491,153 - 15,491,153 Interest on total pension liability 53,007,373 - 53,007,373 Differences between expected and actual experience 4,497,247 - 4,497,247 Contribution - employer - 27,611,475 (27,611,475) Contribution - employee - 6,977,459 (6,977,459) Net investment income - 110,441,002 (110,441,002) Benefit payments, including refunds of employee contributions (3 4,978,189) (34,978,189) - Administrative expenses - (481,417) 481,417 Net changes 38,017,584 109,570,330 (71,552,746) Balances as of June 30, 2021 (Measurement Date) 784,625,710$ 591,498,193$ 193,127,517$ Safety Plan:
Total Pension
Liability (a)
Plan Fiduciary
Net Position (b)
Net Pension
Liability
(a) - (b) = (c)
Balances as of June 30, 2020 (Measurement Date) 375,824,949$ 255,623,558$ 120,201,391$ Changes for the year:
Service cost 9,468,729 - 9,468,729 Interest on total pension liability 26,769,989 - 26,769,989 Differences between expected and actual experience 2,340,001 - 2,340,001 Contribution - employer - 14,708,012 (14,708,012) Contribution - employee - 3,080,891 (3,080,891) Net investment income - 58,531,112 (58,531,112) Benefit payments, including refunds of employee contributions (1 6,987,747) (16,987,747) - Administrative expenses - (255,352) 255,352 Net changes 21,590,972 59,076,916 (37,485,944) Balances as of June 30, 2021 (Measurement Date) 397,415,921 314,700,474 82,715,447 Total of both miscellaneous and safety plans 1,182,041,631$ 906,198,667$ 275,842,964$ Increase(Decrease)
Increase(Decrease)
92 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 13: Pension Plans (Continued)
Sensitivity of the Net Pension Liability to Changes in the Discount Rate – The following presents the net pension liability of the City for each Plan, calculated using the discount rate for each Plan, 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:
Miscellaneous Safety Total
1% Decrease 6.15% 6.15% 6.15%
Net Pension Liability 298,433,611$ 141,637,099$ 440,070,710$ Current Discount Rate 7.15% 7.15% 7.15%
Net Pension Liability 193,127,517$ 82,715,447$ 275,842,964$ 1% Increase 8.15% 8.15% 8.15%
Net Pension Liability 105,992,282$ 34,907,081$ 140,899,363$
Pension Plan Fiduciary Net Position – Detailed information about each pension plans’ fiduciary net position is available in the separately issued CalPERS financial reports.
Pension Expense and Deferred Outflows/Inflows of Resources Related to Pensions
For the year ended June 30, 2022, the City recognized pension expense of $15,931,808 in the Miscellaneous Plan and $10,127,918 in the Safety Plan. At June 30, 2022, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 30,336,227$ - $ Changes of assumption - 139,158 Difference between expected and actual experience 8,564,961 - Net difference between projected and actual earnings
on plan investments - 55,495,118 Total 38,901,188 $ 55,634,276 $
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 15,544,511$ - $ Changes of assumption 2,125,944 1,416,614
Difference between expected and actual experience 4,766,681 535,844 Net difference between projected and actual earnings
on plan investments - 29,235,250 Total 22,437,136 31,187,708
Total Primary Government 61,338,324 $ 86,821,984 $ Miscellaneous
Safety
93 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 13: Pension Plans (Continued)
The amount of $30,336,227 in the miscellaneous plan and $15,544 ,511 in the safety plan reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the y ear ended June 30, 2023. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:
Year ended June 30: Miscellaneous Safety
Total primary
government
2023 (9,233,479)$ (4,972,116)$ (14,205,595)$ 2024 (10,375,961) (5,913,456) (16,289,417) 2025 (12,247,688) (6,096,223) (18,343,911) 2026 (15,212,187) (7,403,289) (22,615,476) 2027 - 90,001 90,001 (47,069,315)$ (24,295,083)$ (71,364,398)$
Note 14: Other Post-Employment Benefits
Plan Description
The City provides medical benefits to substantially all retirees under the City of Roseville Retiree Healthcare Plan (Plan), a sole employer defined benefit healthcare plan ad ministered by the Trust Investment Review Committee. The City is responsible for establishing and amending the funding policy of the Plan. The Plan financial statements can be obtained at www.roseville.ca.us or by contacting the City of Roseville Accounting Division at 311 Vernon Street, Roseville, California 95678.
Benefits Provided –The Plan provides medical, dental, and vision insurance benefits to eligible retirees and their dependents. Benefits are provided through a third-party insurer, and the full cost of the benefits is covered by the Plan. Benefit provisions are established and may be amended by City labor agreements, which are approved by the City Council.
Employees Covered By Benefit Terms – As of measurement date, the following employees were covered by the benefit terms:
Number of
Covered
Participants
Active 852
Inactive employees or beneficiaries currently receiving benefits7 9 Inactive employees entitled to, but not yet receiving benefits 1 ,389 Total 2,320
Contributions – The contribution requirements of plan members a nd the City are established and may be amended by the City Council. The City Council establishes rates based on an actuarially determined rate.
For the year ended June 30, 2022, the City contributed $15,400,470 to the Plan. 94 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 14: Other Post-Employment Benefits (Continued)
Net OPEB Liability
The City’s net OPEB liability was measured as of June 30, 2022, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of June 30, 2020.
Actuarial Assumptions – The total OPEB liability in the June 30, 2021 actuarial valuation was determined using the following actuarial assumptions, applied to all perio ds included in the measurement, unless otherwise specified:
Valuation Date June 30, 2021
Measurement Date June 30, 2022
Contribution Policy
Discount Rate 5.75%
Expected Long-Term Rate of Return Same as discount rate - expect ed City contributions projected to keep sufficient plan assets to pay all benefits from trust
General Inflation 2.50%
Mortality, Retirement, Disability,
Termination
CalPERS 1997-2015 Experience Study
Mortality Improvement Mortality projected fully generational with Scale MP-2019 Salary Increases Aggregate 2.75%
Merit - CalPERS 1997-2015 Experience Study
Medical Trend Non-Medicare - 6.5% for 2023, decreasing to an ultimate rate of 3.75% in 2076
Medicare - 6.5% for 2020, decreasing to an ultimate rate of 4.0% in 2076
Healthcare Participation Tier 1: 100%
Tier 2 & 3 RFF: 80% at 50% of cap to 100% at 100% of
cap
Tier 3 Non-RFF & Tier 4: 60%
Pre-Funded with pay-go plus a percent of pay which
varies by employee group
The table below reflects long-term expected real rate of return by asset class. The rate of return was calculated using the capital market assumptions applied to determine the discount rate and asset allocation.
These geometric rates of return are net of administrative expenses.
Target
Allocation
Expected Real
Rate of Return
60% 4.65%
40% 0.78%
100%
Assumed long-term rate of inflation 2.50%
Expected Long-Term Net Rate of Return, Rounded 5.75%
Asset Class Component
Equities
Fixed Income
95 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 14: Other Post-Employment Benefits (Continued)
Discount rate – The discount rate used to measure the total OPEB liability was 6.00 percent. The projection of cash flows used to determine the discount rate assumed that City contributions will be m ade at rates equal to the actuarially determi ned contribution rates. Based o n those assumptions, the OPEB plan’s fiduciary net position was projected to be available to make all projected OPEB payments for current active and inactive employees. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability.
Changes In Net OPEB Liability
Total OPEB
Liability
Fiduciary Net
Position
Net OPEB
Liability
Balances as of June 30, 2021 (Measurement Date) 242,704,968$ 143,077,125$ 99,627,843$ Service cost 5,759,626 - 5,759,626 Interest on total pension liability 14,588,405 - 14,588,405 Differences between expected and actual experience (21,544,252) - (21,544,252) Changes in assumptions (17,673,776) - (17,673,776) Contribution - employer* 15,400,470 (15,400,470)
Net investment income - (18,288,504) 18,288,504 Benefit payments (10,649,042) (10,649,042) -
Administrative expenses - (75,789) 75,789 Net changes (29,519,039) (13,612,865) (15,906,174) Balances as of June 30, 2022 (Measurement Date) 213,185,929$ 129,464,260$ 83,721,669$ * Contributions to the trust of $4,751,428 plus $8,743,042 cash benefit payments and $1,906,000 implied subsidy benefit payments by the City.
Sensitivity of the net OPEB liability to changes in the discount rate and healthcare cost trend rates – The following presents the net OPEB liability of the City, as well as what the City’s net OPEB liability would be if it were calculated using a discount rate that is 1 percentage point lower (5.00 percent) or 1 percentage point higher (7.00 percent) than the current discount rate:
Discount Rate - 1%
(4.75%)
Current Discount Rate
(5.75%)
Discount Rate +1%
(6.75%)
Net OPEB Liability $ 114,018,230 $ 83,72 1,669 $ 59,194,428
Sensitivity of the net OPEB liability to changes in the healthcare cost trend rates – The following presents the net OPEB liability of the City, as well as what the City’s net OPEB liability would be if it were calculated using healthcare cost trend rates, rather than the discount rate, that are 1 percentage point lower (5.5 percent decreasing to 2.75 percent) or 1 percentage point higher (7.5 percent decreasing to 4.75 percent) than the current healthcare cost trend rates:
1% Decreasing (5.5%
decreasing to 2.75%)
Current Rate (6.5%
decreasing to 3.75%)
1% Increasing (7.5%
decreasing to 4.75%)
Net OPEB Liability $ 61,178,212 $ 83,7 21,669 $ 108,284,476
OPEB plan fiduciary net position – Detailed information about the Plan’s fiduciary net position is available in the separately issued City of Roseville Other Post-Employment Benefits Trust financial report.
96 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 14: Other Post-Employment Benefits (Continued)
OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB
For the year ended June 30, 2022, the City recognized OPEB expense of $2,459,980. At June 30, 2022, the City reported deferred outflows of resources and deferred inflo ws of resources related to OPEB from the following sources:
Deferred Outflows Deferred Inflows
of Resources of Resources
Difference between expected and actual experience - $ 37,569,297$ Change of assumptions 8,649,641 18,761,480
Net difference between projected and actual earnings
on pension plan investments 8,769,191 -
Total 17,418,832 $ 56,330,777 $
Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:
Year ended June 30:
Deferred Outflows/
(Inflows) of
Resources
2022 (8,999,032)$
2023 (8,103,032)
2024 (6,059,033)
2025 (1,767,544)
2026 (5,936,208)
Thereafter (8,047,096)
(38,911,945)$
Note 15: Post-Employment Benefits Trust
Plan Description
Plan administration –The City of Roseville Retiree H ealthcare Plan (Plan) is a single-employer defined benefit healthcare plan that is us ed to provide postemployment benefits other than pensions (OPEB), including medical, dental and vision insurance benefits to eligible retirees. Management of the plan is vested with the Trust Investment Review Committee (Committee). The Com mittee consists of nine members appointed by the City Manager. It in cludes one member from each of the City’s employee labor bargaining groups (5), one retiree, one investment professional, the City Human Resource Director, and the City Treasurer (Assistant City Manager/Chief Financial Officer).
The City has delegated authority of the OPEB trust to PFM Asset Management LLC (PFM), per the trust agreement. Upon signing the agreement, PFM has been deemed to have executed the Trust and during the term of this Agreement, PFM further agreed to serve as a discretionary trustee, with fiduciary oversight and authority over the operations and management of the Trust. 97 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 15: Post-Employment Benefits Trust (Continued)
Plan membership – At June 30, 2022, the Plan membership consisted of the following:
Number of
Covered
Participants
Active 1,389
Inactive employees or beneficiaries currently receiving benefits8 5 2 Inactive employees entitled to, but not yet receiving benefits 7 9 Total 2,320
Benefits Provided – The Plan provides medical, dental, and vision insurance benefits to eligible retirees and their dependents. Benefits are provided through a third-party insurer, and the full cost of the benefits is covered by the Plan. Benefit provisions are established and may be amended by City labor agreements, which are approved by the City Council.
Contributions – The contribution requirements of plan members and the City ar e established and may be amended by the City Council. The Council establishes rates base d on an actuarially determined rate. For the year ended June 30, 2022, the City made contributions of $4 ,751,428 plus $8,743,042 cash benefit payments and $1,906,000 implied subsidy benefit payments by the City. Plan members receiving benefits contributed $0.
Investments Authorized for the Other Post-Employment Benefits Trust Fund
The authorized investments for the Other Post-Employment Benefits Trust (Trust) were established pursuant to the Trust Agreement. The City, as trustee, has elected to in vest the Trust assets in up to six months of cash, cash equivalent and/or money market funds for near term Trust benefits and expenses. All remaining assets will be invested in longer-t erm securities and shall be diversified with the intent to minimize the risk of long-term investment losses. Consequently, the total portfol io will be constructed and maintained to provide diversification with regard to the concentration of hol dings in individual issues, issuers, countries, governments or industries. To achieve the Trust’s investment objectives and the best balance between risk and return for optimal diversification, assets will be invested in accordance with the targets for each asset class as follows to attempt to achieve a long-term average tota l annual rate of return that is equal to or greater than the Trust’s actuarial discount rate as described above.
Target
Allocation
Expected Real
Rate of Return
60% 4.65%
40% 0.78%
100%
Assumed long-term rate of inflation 2.50%
Expected Long-Term Net Rate of Return, Rounded 5.75%
Asset Class Component
Equities
Fixed Income
Rate of return – For the year ended June 30, 2022, the annual money-weighted rate of return on investments, net of investment expense, was 6.00 percent. The money-weighted rate of return expresses investment performance, net of investment expense, adjusted for the changing amounts actually invested. 98 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 15: Post-Employment Benefits Trust (Continued)
Net OPEB Liability of The City
The components of the net OPEB liability of the City at June 30, 2022, were as follows:
Total OPEB Liability 213,185,928$
Plan Fiduciary Net Position 129,464,259
City's Net OPEB Liability 83,721,669$
60.73%
Plan Fiduciary Net Position as a
Percentage of the Total OPEB Liability
Actuarial assumptions – The total OPEB liability was determined by an actuarial valua tions as of June 30, 2020, using the following actuarial assumptions applied to all periods included in the measurement, unless otherwise specified:
Valuation Date June 30, 2021
Measurement Date June 30, 2022
Contribution Policy
Discount Rate 5.75%
Expected Long-Term Rate of Return Same as discount rate - expect ed City contributions projected to keep sufficient plan assets to pay all benefits from trust
General Inflation 2.50% per annum
Mortality, Retirement, Disability,
Termination
CalPERS 1997-2015 Experience Study
Mortality Improvement Mortality projected fully generational with Scale MP-2021 Salary Increases Aggregate 2.75%
Merit - CalPERS 1997-2015 Experience Study
Medical Trend Non-Medicare - 6.5% for 2023, decreasing to an ultimate rate of 3.75% in 2076
Medicare - 5.65% for 2023, decreasing to an ultimate rate of 3.75% in 2076
Healthcare Participation Tier 1: 100%
Tier 2 & 3 RFF: 80% at 50% of cap to 100% at 100% of
cap
Tier 3 Non-RFF & Tier 4: 60%
Pre-Funded with pay-go plus a percent of pay which varies by employee group
The long-term expected rate of return on OPEB plan investments was determined using a building-block method in which best-estimate ranges of expected future real ra tes of return (expected returns, net of 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. Best estimates of arithmetic real rates of return for each major asset class included in the target asset allocation as of June 30, 2022 (see the discussion of the Plan’s investment policy).
99 CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 15: Post-Employment Benefits Trust (Continued)
Sensitivity of the net OPEB liability to changes in the discount rate – The following presents the net OPEB liability of the City, as well as what the City’s net OPEB liability would be if it were calculated using a discount rate that is 1-percentage point lower (5.00 percent) or 1-percentage-point higher (7.00 percent) than the current discount rate:
Discount Rate - 1%
(4.75%)
Current Discount Rate
(5.75%)
Discount Rate +1%
(6.75%)
Net OPEB Liability $ 114,018,230 $ 83,721,669 $ 59, 194,428
Sensitivity of the net OPEB liability to changes in the healthcare cost trend rates – The following presents the net OPEB liability of the City, as well as what the City’s net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point l ower (6.00 percent decreasing to 4.00 percent) or 1- percentage-point higher (8.00 percent decreasing to 6.00 percent) than the current healthcare cost trend rates:
1% Decreasing (5.5%
decreasing to 2.75%)
Current Rate (6.5%
decreasing to 3.75%)
1% Increasing (7.5%
decreasing to 4.75%)
Net OPEB Liability $ 61,178,212 $ 83,721,669 $ 108,284,476
Note 16: Risk Management
The City manages risk of loss related to torts; theft of, damag e to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters by part icipating in the public entity risk pools described below and by retaining certain risks.
Public entity risk pools are formally organized and separate entities established under the Joint Exercise of Powers Act of the State of Calif ornia. As separate legal entities, those entities exercise full powers and authorities within the scope of the related Joint Powers Agreem ents including the preparation of annual budgets, accountability for all funds, the power to make and execute contracts and the right to sue and be sued. Each risk pool is governed by a board consisting of repre sentatives from member agencies. Each board controls the operations of the respective risk pool, incl uding selection of management and approval of operating budgets, independent of any influence by member ag encies beyond their representation on that board. Obligations and liabilities of these risk pools are not the City’s responsibility.
The contributions made to the risk pools below equal the ratio of the respective member payrolls to the total payrolls of all entities participating in the same layer of each program, in each program year. Actual surpluses or losses are shared according to a formula developed from overall loss costs and spread to member entities on a percentage basis after a retrospective rating.
a. Risk Coverage
General Liability, Property and Boiler and Machinery
The City is a member of the California Joint Powers Risk Manage ment Authority (CJPRMA) which covers general liability claims, property, and boiler and machinery lo sses. Once the City’s self-insured retention (SIR) is met, CJPRMA becomes res ponsible for payment of all claims up to the limit. Financial statements for the risk pool and more information may be obtained from CJP RMA, 3201 Doolan Road, Suite 285, Livermore, California 94551.
100
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 16: Risk Management (Continued)
General Liability Coverage
The City has a SIR of $1,000,000 per claim up to a $40,000,000 limit. The City’s premium was $2,144,899.
Property Coverage
CJPRMA has purchased commercial insurance against property damage, boiler and machinery claims. The City has a SIR of $25,000 per claim up to a $400,000,000 limit. The City’s premium for coverage is $953,994.
Roseville Energy Park Property Coverage
The City purchased commercial property insurance specifically to cover the Roseville Energy Park. The City has a SIR of $250,000 per claim up to a $200,000,000 limit. The City’s premium for coverage is $1,027,246.
Fiduciary Coverage
The City purchased fiduciary insurance specifically to cover the OPEB Trust. The SIR is $25,000 per claim up to a $3,000,000 limit. The City’s premium for coverage is $35,419.
Workers’ Compensation
The City is also a member of the Local Agency Workers’ Compensa tion Excess Joint Powers Authority (LAWCX), which covers workers’ compensation claims up to $5,000,000 and has excess coverage through CSAC-EIA up to the statutory limit. The City has a SIR of $500, 000 per claim. The total premium charged to the City was $1,067,933.
Financial statements for the risk pool and more information may be obtained from LAWCX, 1750 Creekside Oaks Drive, Suite 200, Sacramento, California 95833.
b. Insurance Internal Service Funds
The Governmental Accounting Standards Board (GASB) requires mun icipalities to record their liability for uninsured claims and to reflect the current portion of this liability as an expense in their financial statements.
As discussed above, the City has coverage for such claims, but it has retained the risk for the deductible or uninsured portion of these claims.
The change in the Workers’ Compensation Internal Service Fund’s claims liability, including claims incurred but not reported is based on an independent actuarial study prepared annually and was computed as follows for the years ended June 30:
2022 2021
Claims liability, beginning of year 8,701,081$ 8,094,420$ Current year claims 4,828,000 3,402,000
Change in prior year claims 852,404 (90,266)
Claims paid, current year claims (1,038,301) (590,188) Claims paid, prior year claims (3,122,199) (2,114,885) Claims liability, end of year 10,220,985$ 8,701,081$
Current claims liabilities 2,964,086$ 2,175,270$
101
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 16: Risk Management (Continued)
The City’s liability for uninsured general liability claims, including claims incurred but not reported is reported in the General Liability Internal Service Fund. The liability i s based on an independent actuarial study prepared annually and was computed as follows for the years ended June 30:
2022 2021
Claims liability, beginning of year 1,879,790$ 1,728,514$ Current year claims 1,302,000 1,124,000
Change in prior year claims 79,094 273,935
Claims paid, current year claims (140,229) (193,098) Claims paid, prior year claims (233,269) (1,053,561) Claims liability, end of year 2,887,386$ 1,879,790$
Current claims liabilities 1,068,333$ 601,533$
Note 17: Northern California Power Agency (NCPA)
a. General
The City participates in joint ventures through Joint Powers Au thorities (JPAs) established under the Joint Exercise of Powers Act of the State of California. As sep arate legal entities, these JPAs exercise full powers and authorities within the scope of the related Joint Po wers Agreement, including the preparation of annual budgets, accountability for all funds, the power to make and execute contracts and the right to sue and be sued. Obligations and liabilities of the JPAs are not those of the City.
Each JPA is governed by a board consisting of representatives f rom each member agency. Each board controls the operations of its respective JPA, including selection of management and approval of operating budgets, independent of any influence by member agencies beyond their representation on the Board.
The City is a member of NCPA, a joint powers agency which opera tes under a joint powers agreement among fifteen public agencies. The purpose of NCPA is to use the combined strength of its members to purchase, generate, sell and interchange electric energy and capacity through the acquisition and use of electrical generation and transmission facilities, and to optimize the use of those facilities and the member’s position in the industry. Each agency member has agreed to fund a pro rata share of certain assessments by NCPA and certain members have entered into take-or-pay power supply contracts with NCPA. While NCPA is governed by its members, none of its obligations are th ose of its members unless expressly assumed by them.
The City receives no income from NCPA, and does not participate in all of its projects. Further, NCPA does not measure or determine the City’s equity in NCPA as a whole. NCPA reports only the City’s share of its General Operating Reserve, compr ised of cash and investments, and the City’s share of those Projects in which the City is a participant. These amounts are reflected in the financial statements as Investment in NCPA Reserve.
During the year ended June 30, 2022, the City incurred expenses totaling $3,338,354 for purchased power, regulatory and legislature assessments, association dues and prepaid assets paid to NCPA.
102
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 17: Northern California Power Agency (NCPA) (Continued)
The City’s interest in certain NCPA Projects and Reserve, as computed by NCPA using unaudited information, is set forth below:
June 30, 2022
General operating reserve (including advances) 4,017,291$ Associated member services (including advances) 83,731
Undiv ided equity interest, at cost, in certain NCPA power projects:
Geothermal projects 1,254,280
Calveras hydroelectric project 375,254
Combustion turbine project no. 2 306,572
6,037,128$
The General Operating Reserve (GOR) is an additional operating reserve for non-budgeted items that are contingent or non-specific. Deposits to the GOR include items s uch as the City’s portion of funds which resulted from the settlement with third parties of issues with financial consequences and reconciliations of prior years’ budgets for program s. It is recognized that all th e funds credited to the City are linked to the collection of revenue from the City’s ratepayers, or to the settlement of disputes relating to electric power supply and that the money was collected from the City’s ratepay ers to pay power bills. Additionally, the NCPA Commission identified and approved the funding of specific reserves for working capital, accumulated employees post- retirement medical benefits, and billed propert y taxes for the geothermal project. The Commission also identified a number of contingent liabilities t hat may or may not be realized, the cost of which in most cases is difficult to estimate at this time. One such contingent liability is the steam field depletion which will require funding to cover debt service and operational costs in excess of the expected value of the electric power. The General Operating Reserve is intended to minimize the number and amount of individual reserves needed for each project, protect NCPA’s financial condition and maintain its credit worthiness. These funds are available on demand, but the City maintains funds with NCPA as a reserve against these contingencies identified by NCPA.
Members of NCPA may participate in an individual project of NCPA without obligation for any other project.
Member assessments collected for one project may not be used to finance other projects of NCPA without the member’s permission.
b. Projects
Geothermal Projects
NCPA’s Geothermal Project has experienced a greater than origin ally anticipated decline in steam production from geothermal wells on its leasehold property. NCP A will continue to monitor the wells while pursuing alternatives for improving and extending reservoir per formance, including supplemental water reinjection, plant equipment modifications, and changes in operating methodology. NCPA, along with other steam field operators, has observ ed a substantial increase in steam production in the vicinity of reinjection wells and is attempting to increase water reinjection at strategic locations. NCPA, together with other steam developers and the Lake County Sanitation District, has completed the construction of a wastewater pipeline project that greatly increased the amount of water available for reinjection.
Based on an internal assessment of the melded costs of power from the Geothermal Project and all other resources available to the members, NCPA believes its members w ill continue to be able to operate their electric utilities on a competitive basis, when compared to loc al investor-owned utility rates, while meeting all electric system obligations i ncluding those to NCPA. In Mar ch 2009, NCPA issued $35,610,000 Geothermal Project Number 3 Revenue Bonds (2009 Series A). The proceeds were used to finance and operate the two NCPA 110 MW geothermal steam powered generating plants, Plant Number 1 and Plant 103
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 17: Northern California Power Agency (NCPA) (Continued)
Number 2. In 2012, NCPA issued $12,910,000 in bonds for Plant N umber 1 turbine upgrades. The City is obligated to pay its contractual share of 7.883 percent of the operating costs and debt service until it is fully satisfied, regardless of resulting cost or availability of ener gy. At June 30, 2022, the book value of this Project’s plant, equipment and other assets was $142,174,192 while its long-term debt totaled $10,815,000 and other liabilities totaled $115,453,351. The City’s share of the Project’s long-term debt amounted to $852,546 at that date.
On October 28, 2004, NCPA approved a resolution to finance the expansion and remodeling of the NCPA main office building located in Roseville. The expansion is inc luded as part of the Geothermal Projects funded by the bonds mentioned above. The City will recover its 7.883 percent share of the cost of the expansion which was $204,958, with a 5 percent return on the investment over a ten year period. The City has fully recovered its costs associated with this project.
Calaveras Hydroelectric Project
In July 1981, NCPA agreed with Calaveras County Water District to purchase the output of the North Fork Stanislaus River Hydroelectric Development Project and to finance its construction. Debt service payments to NCPA began in Februar y 1990 when the project was declared su bstantially complete and power was delivered to the participants. Unde r its power purchase agreement with NCPA, the City is obligated to pay 12% of this Project’s debt service and operating costs. In March 2018, NCPA refunded a portion of the outstanding Revenue Bonds with t he $70,215,000 2018 Hydroelectric Project Number One
Revenue Bonds. The City’s share of the 2018 bonds is 4.586%. In April 2019, NCPA refunded a portion of the outstanding Revenue Bonds with the $39,250,000 2019 Hydroel ectric Project Number One Revenue Bonds. At June 30, 2022, the book value of this Project’s plant , equipment and other assets was $266,160,000 while its long-term debt totaled $228,492,698 and other liabilities totaled $34,540,185. The City’s share of the Project’s long-term debt amounted to $23,561,355 at that date.
Combustion Turbine Project No. 2 (Steam Injected Gas Turbine Project)
The City is a participant in a 49.8 megawatt Steam Injected Gas Turbine project which was built under turnkey contract near the City of Lodi and declared substantial ly complete on April 23, 1996. In October 1992, NCPA issued $152,320,000 of Multiple Capital Facilities R evenue Bonds to finance this project. In January 2010, NCPA refinanced the outstanding Capital Facilitie s Revenue Bonds by the issuance of the $55,120,000 Capital Facilities Revenue Bonds Series A (2010 Refunding Series A). Under the NCPA power purchase agreement, the City is obligated to pay 36.50 percent of the debt service and operating costs for the Lodi unit.
The City’s participation in procurement of natural gas for fuel for existing and new combustion turbine units was approved in 1993. Although there is currently no additional debt financing, the City and NCPA have committed to long-term payments for gas transmission pipeline capacity, and entered a purchase contract for natural gas. The City is obligated to pay 17.9218 percent of the natural gas purchase contract.
At June 30, 2022, the book value of this Project’s plant, equipment and other assets was $18,183,000, while its long-term debt totaled $14,702,877 and other liabilities to taled $2,640,200. The City’s share of the Project’s long-term debt amounted to $5,366,550 at that date.
c. NCPA Financial Information
NCPA’s financial statements can be obtained from NCPA, 651 Commerce Drive, Roseville, California 95678. 104
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 18: South Placer Wastewater Authority
The City is a member of the South Placer Wastewater Authority ( SPWA), a joint powers agency which operates under a joint powers agreement among three public agencies, the City of Roseville, South Placer Municipal Utility District and Placer County. The purpose of SPWA is to provide for the planning, financing, acquisition, construction and operation of the Regional Wastewa ter Facilities. Under the terms of the amended and restated funding agreement, effective October 1, 20 12, the City will own and operate the Regional Wastewater Facilities and the member agencies will sha re the operating costs of the Facilities after construction is complete. The Regional Wastewater Facilities include the Dry Creek Plant and the Pleasant Grove Plant.
Under the terms of the Reallocation and Repayment Agreement, ef fective October 1, 2012, the three agencies are responsible for the repayment of all the revenue bonds. The City’s share of this obligation was
61.66 percent but with the second amendment to the funding agre ement discussed below, the City’s obligation is now 64.57 percent.
During the year ended June 30, 2022, the City paid $15,659,744 to SPWA based on connection fees collected during the fiscal year.
The City records its share of income and expenses from SPWA in the Wastewater Enterprise Fund and these changes are reflected in the Statement of Revenues, Expen ses and Changes in Fund Net Position.
During the fiscal year, the City changed the method for recording its investment in SPWA reserves to record a net investment, which captures the City’s portion of cash, in vestments, long term debt and other related items. The City’s net investment in SPWA Reserves at June 30, 2022, was a liability of $14,674,266, which includes the City’s rate stabilization fund balance of $67,285,326.
SPWA’s financial statements can be obtained from the City of Ro seville, 311 Vernon Street, Rosev ille, California, 95678.
Note 19: Municipal Solid Waste Landfill Closure and Post Closur e Care Costs
State and federal laws and regulations require that the City pe rform certain maintenance and monitoring functions at the Roseville sanitary landfill site, which is closed, through the year 2024. Accordingly, the City has recorded a liability and expense in the Solid Waste Enterprise Fund for the estimated post closure care cost. The recorded amount is based on applicable state and local laws and regulations concerning closure and post closure care. If additional post closure care requirem ents are determined (due to changes in technology or applicable laws or regulations, for example), the se costs may result in increased charges to future landfill users or the usage of future tax revenues. Duri ng fiscal year 2022, the changes of l andfill closure liabilities were as follows:
Beginning Balance 784,378$
Deductions (200,307)
Ending Balance 584,071$
Note 20: Commitments and Contingent Liabilities
a. NCPA, Transmission Agency of Northern California, and Western Area Power Administration
Under the terms of its NCPA joint venture agreement, the City i s contingently liable for a portion of the bonded indebtedness issued by these agencies under take-or-pay or similar agreements, as discussed in Note 16. The City’s estimated share of such debt outstanding at June 30, 2022, was $29,780,451. Under certain circumstances, the City may also be responsible for a portion of the costs of operating these entities.
Under certain circumstances, such as default or bankruptcy of other participants, the City may also be liable to pay a portion of the debt o f these joint ventures on behalf of the other participants. 105
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 20: Commitments and Contingent Liabilities (Continued)
The City is a member of the Transmission Agency of Northern Cal ifornia (TANC), a joint powers agency.
The City is entitled to 2.1119 percent of TANC’s share of trans fer capability in the California-Oregon Transmission Project (approximately 29.35MW). The City is responsible for a share of debt service on debt issued by TANC under a take-or-pay agreement, approximately $400,000 annually through 2039. The City’s estimated share of debt outst anding at June 30, 2022, was $3,829,338.
In addition, the City has a long-term obligation to the United States Department of Energy, Western Area Power Administration, for 4.58533 percent of the output of the Central Valley Project, California. This contract, also known as the Western Base Resource, obligates the City to make payments on a take-or-pay basis through December 31, 2024. The City expects to pay approx imately $4 million annually for the term of this contract. The City receives approximately 155,000 MWh o f energy per year under average hydro and storage conditions.
b. Federal and State Grant Programs
The City participates in Federal and State grant programs. These programs have been audited by the City’s independent accountants in accordance with the provisions of the federal Single Audit Act as amended and applicable State requirements. No cost disallowances were proposed as a result of these audits; however, these programs are still subject to further examination by the grantors and the amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time. The City expects such amounts, if any, to be immaterial.
c. Litigation
The City is subject to litigation arising in the normal course of business. In the opinion of the City Attorney there is no pending litigation, other than disclosed above, which is likely to have a material adverse effect on the financial position of the City.
d. Encumbrances
The City uses an encumbrance system as an extension of normal budgetary accounting for governmental funds. Under this system, purchase orders, contracts, and other commitments for the expenditure of monies are recorded in order to reserve that portion of applicable appropriations. Encumbrances outstanding at year-end are recorded as restricted, committed or assigned fund balance, depending on the classification of the resources to be used to liquidate the encumbrance, since they do not constitute expenditures or liabilities. Outstanding encumbrances at year-end may be re-app ropriated for the following year.
Unencumbered and unexpended appropriations lapse at year-end. E ncumbrances outstanding as of June 30, 2022, by individual major funds and non-major funds in total were as follows:
Major Governmental Funds:
General Fund 5,487,506 $
Non-Major Governmental Funds 11,997,005
Total Encumbrances 17,484,511 $
106
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 20: Commitments and Contingent Liabilities (Continued)
e. Other Commitments
The City had the following outstanding significant commitments at June 30, 2022:
Projects In Millions
Natural Gas Forward Obligations 69.7$
Roseville Energy Park Long Term Service Agreement 32.5
Renewable Power Purchase Obligations 25.8
Washington Blvd All American Roundabout 5.3
Net Power Purchase Contracts 4.2
SCCP South Placer County Express Bus Service 4.7
Arterial Resurfacing Project 4.4
Note 21: Gas Supply Acquisitions and Resale
The City operates certain electrical generating plants which provide power for sale to the public and needs reliable, economic supplies of natural gas to generate the needed electricity. In pursuit of that objective the City and its component unit, the former City of Roseville Redev elopment Agency formed the Roseville Natural Gas Financing Authority (Authority) for the purpose of acquiring, financing and supplying natural gas to the City.
Summarized below are various agreements entered into by the Authority to achieve its purpose.
a. Prepaid Gas Agreement
Pursuant to an Agreement for the Purchase and Sale of Natural Gas dated January 24, 2007, the Authority used a portion of the proceeds of its $209,350,000 of Gas Reven ue Bonds, Series 2007 (the Bonds) to prepay Merrill Lynch Commodities, Inc. (Gas Supplier) for a twenty year supply of natural gas. Commencing January 1, 2008, and continuing through December 31, 2027, the Gas Supplier is obligated to deliver daily contract quantities of natural gas on a firm basis to the desig nated delivery point. Daily contract quantities vary from month to month but not from year to year. This commitment totals 2,352,000 MMBtus (millions of British thermal units) per year or 47,040,000 MMBtus for the twenty year contract period. The Authority has recorded a Prepaid Natural Gas asset which is to be amortized as daily contract quantities are delivered.
The agreement provides for payments to be made by the Gas Supplier if it fails to deliver the daily contract quantities and may be terminated by the Authority in the event of non-performance by the Supplier. The Agreement will automatically terminate if there is a terminatio n of the Commodity Swap (See Note 20 D) which is not due to default by the Authority or if there is an event of default under the swap agreement entered into by the Gas Supplier and a third party. Upon early termination, whether due to the above or due to any other optional termination event as defined in the agreement, the Gas Supplier is required to make a termination payment to the Authority that is expected to be sufficient, together with other available funds, to redeem the Bonds. The Gas Supplier’s commitments under this agr eement are guaranteed by its parent company, Merrill Lynch & Co. Inc. under a guarantee agreement with the Authority.
As of June 30, 2022, the book value of prepaid gas under this agreement amounted to $89,766,234. 107
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 21: Gas Supply Acquisitions and Resale
b. Funding Agreement
Under certain conditions specified in a Funding and Assignment Agreement dated January 24, 2007 between the Authority and Gas Supplier, the Gas Supplier has agreed to advance funds to the Trustee to pay debt service when due or to redeem bonds in the event of early termination. Advances are required under covered swap deficiencies and covered termination deficiencies and opti onal advances may also be made.
Advances are repayable from by the responsible party causing the deficiency requiring an advance under this agreement. This agreement is coterminous with the Bonds. The Gas Supplier’s commitment under this agreement is guaranteed by its parent company, Merr ill Lynch & Co. Inc. under a guarantee agreement with the Authority.
There were no advances outstanding as of June 30, 2022.
c. Supply Agreement
Pursuant to a Natural Gas Supply Agreement dated February 1, 2007, the Authority has agreed to sell to the City a twenty-year supply of natural gas. This Supply Agreement is coterminous with and provides for the delivery of natural gas in quantities which are matched to the Prepaid Gas Agreement, discussed above.
For each MMBtu delivered (sold) to the City, the Authority will receive a variable revenue stream based on a first of the month index for the delivery location. The Agreement terminates upon termination of the Prepaid Gas Agreement or upon the City’s failure to make any required p ayment within two business days of the due date.
d. Commodity Swap Agreement
In order to have its gas price exposure consistent with prevailing market rates, the Authority entered into a natural gas Commodity Swap Agreement with JPMorgan Chase Bank ( Counterparty). For the term of deliveries under the Prepaid Gas Agreement and the Supply Agree ment, the Authority will pay an index price per MMBtu to the Counterparty, and the Counterparty will pay a fixed price to the Authority. The index price paid by the Authority is expected to approximate the pric e paid by the City under the Supply Agreement.
The monthly quantity and term of t he Commodity Swap Agreement a re matched to those of the Supply Agreement.
Detail of the commodity swap agreement is discussed in Note 10.
Note 22: Redevelopment Agency Dissolution and Successor Agency Activities
a. Redevelopment Dissolution
In an effort to balance its budget, the State of California adopted ABx1 26 on June 28, 2011, amended by AB1484 on June 27, 2012, w hich suspended all new redevelopment activities except for limited specified activities as of that date and dissolved redevelopment agencies on January 31, 2012.
The suspension provisions prohibited all redevelopment agencies from a wide range of activities, including incurring new indebtedness or obligations, entering into or modifying agreements or contracts, acquiring or disposing of real property, taking actions to adopt or amend redevelopment plans and other similar actions, except actions required by law or to carry out existing enforceable obligations, as defined in ABx1 26.
108
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 22: Redevelopment Agency Dissolution and Successor Agency Activities (Continued)
Effective January 31, 2012, the Redevelopment Agency was dissol ved. Certain housing assets of the Redevelopment Agency were distributed to a Housing Successor; and all remaining Redevelopment Agency assets and liabilities were distributed to a Successor Agency.
Under the provisions of AB 1484, the City can elect to become the Housing Successor and retain the housing assets. The City elected to become the Housing Successor and on February 1, 2012, the housing assets were transferred to the City’s Low and Moderate Income Housing Asset Special Revenue Fund. The activities of the Housing Succe ssor are reported in the Low and Moderate Income Housing Assets Special Revenue Fund as the City has control of those assets, which may be used in accordance with the low and moderate income housing provisions of California Redevelopment Law.
The City also elected to become the Successor Agency and on Feb ruary 1, 2012 the Redevelopment Agency’s remaining assets were distributed to and liabilities were assumed by the Successor Agency. ABx1 26 requires the establishment of an Oversight Board to oversee the activities of the Successor Agency and one was established in March 2012. The activities of the Succes sor Agency are subject to review and approval of the Oversight Board, which is comprised of seven me mbers, including one member of City Council and one former Redevelopment Agency employee appointed by the Mayor.
The activities of the Successor Agency are reported in the Successor Agency to the Redevelopment Agency Private-Purpose Trust Fund as the activities are under the control of the Oversight Board. The City provides administrative services to the Successor Agency to wind down th e affairs of the former Redevelopment Agency. With the dissolution of the Redevelopment Agency, pass- through payments to affected taxing entities become the responsibility of the County.
b. Cash and Investments
Cash and investments of the Successor Agency as of June 30, 2022, are included in the pooled cash and investments discussed in Note 2.
c. Notes Receivable
The Successor Agency assumed the non-housing loans receivable o f the Redevelopment Agency as of February 1, 2012. The R edevelopment Agency engaged in programs designed to encourage construction of or improvement to low-to-moderate income housing. Under thes e programs, grants or loans were provided under favorable terms to homeowners, developers or others who agreed to expend these funds in accordance with the A gency’s terms. There was no balance in the notes receivable as of June 30, 2022.
The State Controller’s Office, but not the State Department of Finance, has denied that this loan agreement is an enforceable obligation of the Successor Agency. The City continues to contend that the loan agreement was lawfully entered into at the time of its execution and therefore transactions executed with the Corporation prior to the dissolution were not reversed in the current fiscal year and remain as payable from the Corporation as of June 30, 2022.
d. Capital Assets
The Successor Agency assumed the capital assets of the Redevelopment Agency as of February 1, 2012.
All capital assets are valued at historical cost or estimated h istorical cost if actual historical cost is not available. Contributed capital assets are valued at their estim ated fair value on the date contributed. The Successor Agency’s policy is to capitalize all assets with costs exceeding certain minimum thresholds and with useful lives exceeding two years. The Successor Agency did not hold any capital assets as of June 30, 2022.
109
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 22: Redevelopment Agency Dissolution and Successor Agency Activities (Continued)
e. Long-Term Obligations
The Successor Agency assumed t he long-term debt and loans of the Redevelopment Agency as of February 1, 2012. All of the long-term debt of the Successor Agency is comprised of Tax Allocation Bonds and loans iss ued by the R edevelopment Agency. The Bonds and Loans are special obligation s of the Agency and are secured only by the Agency’s tax increment reven ues. Tax Allocation Bond and loan transactions were as follows:
Tax Allocation Bonds:
Balance
June 30, 2021 Reductions
Balance
June 30, 2022 Current Portion
2014 Redevelopment Project Taxable Tax Allocation
2.00% - 5.00%, due 9/1/33 7,970,000 $ 525,000$ 7, 445,000$ 560,000 $ Add: bond premium 372,125 28,625 343,500 - 2016-T Redevelopment Project Taxable Tax Allocation
1.02% - 4.066%, due 9/1/40 19,960,000 415,000 19,545,000 415,000 Total Tax Allocation Bonds 28,302,125 968,625 27,333,500 975,000 Loans from the City 15,610,127 1,626,353 13,983,774 237,132 Total 43,912,252$ 2,594,978$ 41,317,274$ 1,212,132$
i. Debt Service Requirements
Debt service requirements are shown below for all long-term deb t except the advance made to the Successor Agency, because the ul timate repayment terms cannot be determined at this time as discussed in the Loans from the City section below.
Principal Interest
975,000$ 973,811 $
1,000,000 947,729
1,025,000 914,176
5,790,000 3,980,639
7,185,000 2,875,253
8,995,000 1,342,713
2,020,000 41,067
26,990,000$ 11,075,388 $
2031-2035
2036-2040
2041
Total
For the Year Ending June 30,
2023
2024
2025
2026-2030
ii. 2014 Roseville Redevelopment P roject Tax Allocation Refunding Bonds
On September 9, 2014, the Roseville Successor Agency issued the Series 2014 Refunding Bonds, in the amount of $10,740,000 for the purpose of refunding the 2002 Tax Allocation Bonds. The Bonds bear interest at rates ranging from 2.00 percent to 5.00 percent. Principal p ayments are due annually on September 1.
Interest payments are due semi-annually on each September 1 and March 1, commencing on September 1, 2015 through September 1, 2033.
iii. 2016-T Roseville Redevelopment Project Tax Allocation Bond s
On July 19, 2016, the Roseville Successor Agency issued the Series 2016-T Refunding Bonds, in the amount of $21,520,000 for the purpose of refunding the 2006 Series A, 2006 Series A-T and 2006 Series H-T Tax Allocation Bonds. The Bonds bear interest at rates ranging from 1.021 percent to 4.066 percent. Principal payments are due annually on September 1. Interest payments are due semi-annually on each September1 and March 1, commencing on Sept ember 1, 2017 through September 1, 2040. 110
CITY OF ROSEVILLE
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
JUNE 30, 2022
Note 22: Redevelopment Agency Dissolution and Successor Agency Activities (Continued)
iv. Loans from the City
Prior to July 1, 2011, the former Redevelopment Agency had received various advances from various City funds. These advances bore interest at the average interest rate of the City’s pooled investments. Principal and accrued interest on the advances totaled $32,768,517 at July 1, 2011. During fiscal year 2012, the City and Redevelopment Agency determined that certain advances shoul d have instead been funded by bond proceeds of the Agency. Therefore, the Redevelopment Agency repaid advances from the City in the amount of $7,309,447 prior to the dissolution of the Agency on January 31, 2012.
With the dissolution of the Agency effective February 1, 2012, the Successor Agency assumed the balance of the obligation to repay the advances in the amount of $25,603,129 for principal and accrued interest and recorded a notes payable to the Low and Moderate Income Housing Asset Fund equal to twenty percent of the balance of the notes. During fiscal year 2013, the State De partment of Finance denied the prepaid advance and required the return of $7,309,447 to the Successor Agency. The General Fund returned the cash to the Successor Agency during fiscal year 2013. The Successor Agency received its Finding of Completion in August 2013 determining that notes are enforceable obligations.
During fiscal year 2014, the Successor Agency completed its Long-Range Property Management Plan which was approved by the Department of Finance in May 2014 and as a result, the Successor Agency transferred land that was designated for governmental use to the City in th e amount of $7,107,581. As a result of the transfer, the City cancelled the notes that had been made to th e former Redevelopment Agency for the purchase of those properties, including accrued interest, in the amount of $5,902,331.
During fiscal year 2014, the Department of Finance clarified how the interest is to be calculated on each note to the Successor Agency. The City recalculated the interest due on the notes using the revised guidance and as a result the interest receivable was reduced by $3,030,067. The principal balance of the notes as of June 30, 2022 is $13,983,774.
Note 23: Prior Period Adjustments
The beginning net position of the South Placer Wastewater Authority custodial fund has been restated by $2,526,573 to recognize development impact fee revenue collecte d in prior years that should have been transferred from the City’s Wastewater Fund to the SPWA.
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CITY OF ROSEVILLE
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
GENERAL FUND
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:
Taxes 145,583,640$ 146,468,393$ 171,452,694$ 24,984,301$ Licenses, permits and fees 3,405,193 3,659,029 5,035,341 1,376,312 Subventions and grants 542,035 2,632,411 3,655,923 1,023,512 Charges for services 18,066,131 18,162,131 20,033,852 1,871,721 Use of money and property 2,030,875 2,030,875 (5,663,154) (7,694,029) Fines, forfeitures and penalties 90,250 90,250 271,999 181,749 Contributions from developers and others 450,000 578,015 585,945 7,930 Miscellaneous revenues 1,264,599 1,318,453 2,852,726 1,534,273 Total Revenues 171,432,723 174,939,557 198,225,326 23,285,769 Expenditures:
Current:
General government:
City council 95,220 88,554 46,321 42,233 City manager 1,554,145 1,538,876 1,357,247 181,629 Public affairs / communications 718,273 712,131 673,215 38,916 City attorney 2,239,416 2,243,630 1,993,630 250,000 City Clerk 1,446,792 1,437,304 1,350,333 86,971 Finance 4,065,256 4,021,307 3,465,291 556,016 Human resources 1,781,306 1,744,805 1,442,586 302,219 Retiree medical benefits 5,410,135 5,410,135 5,455,370 (45,235) Other expenditures 10,056,136 7,539,558 7,633,855 (94,297) Public Safety:
Police 48,967,827 51,212,747 51,057,959 154,788 Fire 37,628,399 42,866,191 42,848,069 18,122 Economic Development 827,303 868,793 838,793 30,000 Parks, Recreation, and Libraries 22,383,100 22,566,767 21,445,079 1,121,688 Library 5,110,947 5,946,129 5,540,892 405,237 Public Works 8,656,702 8,648,510 8,355,246 293,264 Development services 16,344,568 24,818,116 19,736,702 5,081,414 Annexation payments 8,850,000 8,850,000 9,257,913 (407,913) Capital outlay 13,531,312 20,340,682 3,851,883 16,488,799 Debt service:
Principal - - 38,790 (38,790) Interest and fiscal charges 4,924 4,924 12,437 (7,513) Total Expenditures 189,671,761 210,859,159 186,401,611 24,457,548 Excess (Deficiency) of Revenues Over (Under) Expenditures (18,239,038) (35,919,602) 11,823,715 47,743,317 Other Financing Sources (Uses)
Transfers in 19,007,362 18,464,789 16,494,995 1,969,794 Transfers (out) (7,616,614) (9,771,653) (8,714,100) (1,057,553) Gain/(loss) from sale of capital assets - - 192,683 192,683 Proceeds from leases - - 208,245 208,245 Total Other Financing Sources (Uses) 11,390,748 8,693,136 8,181,823 1,313,169 Net Change in Fund Balance (6,848,290)$ (27,226,466)$ 20,005,538 46,430,148$ Fund Balance, July 1 118,648,799
Fund Balance, June 30 138,654,337$
115
CITY OF ROSEVILLE
SCHEDULE OF CHANGES IN THE CITY'S NET PENSION LIABILITY AND RELATED RATIOS LAST TEN YEARS**
Measurement Date
Miscellaneous Safety Miscellaneous Safety
Total Pension Liability
12,410,363$ 7,979,496$ 12,377,311$ 7,650,925$ 35,999,301 17,970,776 38,106,634 18,851,867 - - (1,796,891) (4,348,535) - - (9,697,397) (5,162,388) (18,188,166) (9,003,224) (19,339,004) (9,908,333) Net change in total pension liability 30,221,498 16,947,048 19,650,653 7,083,536 Total Pension Liability-beginning 482,879,572 240,122,220 513,101,070 257,069,269 Total Pension Liability-ending (a) 513,101,070$ 257,069,268$ 532,751,723$ 264,152,805$ Plan Fiduciary Net Position
-$ -$ 3,810$ (26,514)$ 14,691,280 8,482,557 15,901,790 9,010,440 5,879,856 2,321,899 5,785,312 2,299,042 51,318,939 26,953,304 7,885,768 4,110,266 (18,188,166) (9,003,224) (19,339,004) (9,908,333) - - (401,772) (210,832) - - - - Net change in plan fiduciary net position 53,701,909 28,754,536 9,835,904 5,274,069 Plan Fiduciary Net Position-beginning 293,249,174 153,271,540 346,951,083 182,026,076 Plan Fiduciary Net Position-ending (b) 346,951,083$ 182,026,076$ 356,786,987$ 187,300,145$ Net pension liability-ending (a) - (b) 166,149,987$ 75,043,192$ 175,964,736$ 76,852,660$ Plan fiduciary net position as a percentage of the total pension liability 67.62% 70.81% 66.97% 70.91% Covered payroll 67,642,462$ 25,304,421$ 70,574,246$ 25,172,485$ Net pension liability as a percentage of covered payroll 245.63% 296.56% 249.33% 305.30% Notes to Schedule:
Benefit Changes: The figures above do not include any liability impact that may have resulted from plan changes which occurred after the Valuation Date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes).
Changes of Assumptions: None in 2019 - 2021. In 2018, demographic assumptions and inflation rates were changed in accordance with the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate. In 2017, the accounting discount rate reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense.) In 2014, amount reported were based on the 7.5 percent discount rate. **Historical information is required only for measurement periods for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only seven years are shown.
Administrative expenses
Service Cost
Interest on total pension liability
Differences between expected and actual experience
Changes in assumptions
Benefit payments, including refunds of employee contributions Contributions-employer
Contributions-employee
Net investment income
Benefit payments
Plan to plan resource movement
Other miscellaneous income/(expense)
June 30, 2014
2016
June 30, 2015
2015
116
Miscellaneous Safety Miscellaneous Safety Miscellaneous Safety 12,872,902$ 7,764,644$ 14,861,538$ 9,405,915$ 15,197,311$ 8,932,221$ 40,468,522 20,340,470 42,476,046 21,361,661 44,939,359 22,591,319 316,698 3,415,651 (3,545,559) (4,417,042) 8,065,105 5,319,784 - - 36,462,156 19,842,134 (5,705,470) (6,138,658) (21,009,168) (11,124,582) (23,354,942) (11,825,080) (27,471,425) (13,202,641) 32,648,954 20,396,183 66,899,239 34,367,588 35,024,880 17,502,025 532,751,723 264,152,805 565,400,677 284,548,988 632,299,916 318,916,576 565,400,677$ 284,548,988$ 632,299,916$ 318,916,576$ 667,324,796$ 336,418,601$ (386)$ -$ 7,316$ -$ (1,010)$ (530)$ 17,491,938 9,590,596 19,450,887 10,566,516 19,671,137 10,743,429 6,323,610 2,418,065 6,168,110 2,577,887 6,408,266 2,505,197 1,875,529 906,270 40,706,669 21,245,779 34,705,395 17,996,253 (21,009,168) (11,124,582) (23,354,942) (11,825,080) (27,471,425) (13,202,641) (217,443) (114,150) (533,363) (279,011) (629,069) (329,205) - - - - (1,194,613) (625,166) 4,464,080 1,676,199 42,444,677 22,286,091 31,488,681 17,087,337 356,786,987 187,300,145 361,251,067 188,976,344 403,695,744 211,262,435 361,251,067$ 188,976,344$ 403,695,744$ 211,262,435$ 435,184,425$ 228,349,772$ 204,149,610$ 95,572,644$ 228,604,172$ 107,654,141$ 232,140,371$ 108,068,829$
63.89% 66.41% 63.85% 66.24% 65.21% 67.88%
74,134,013$ 26,276,305$ 74,820,705$ 25,815,804$ 77,213,278$ 27,411,760$ 275.38% 363.72% 305.54% 417.01% 300.65% 394.24%
2017
June 30, 2016
2018
June 30, 2017
2019
June 30, 2018
117
Miscellaneous Safety Miscellaneous Safety Miscellaneous Safety 14,927,042$ 9,116,368$ 14,943,938$ 9,042,832$ 15,491,153$ 9,468,729$ 47,819,167 23,857,020 50,429,001 25,312,431 53,007,373 26,769,989 9,146,285 (140,829) 5,475,145 2,619,056 4,497,247 2,340,001 - - - - - - (30,270,138) (14,342,692) (33,187,110) (16,057,838) (34,978,189) (16,987,747) 41,622,356 18,489,867 37,660,974 20,916,481 38,017,584 21,590,972 667,324,796 336,418,601 708,947,152 354,908,468 746,608,126 375,824,949 708,947,152$ 354,908,468$ 746,608,126$ 375,824,949$ 784,625,710$ 397,415,921$ -$ -$ -$ -$ -$ -$ 21,557,305 11,972,740 24,661,517 13,409,112 27,611,475 14,708,012 6,237,988 2,593,796 6,469,454 2,754,718 6,977,458 3,080,891 29,023,516 15,176,590 23,210,947 12,273,184 110,441,003 58,531,112 (30,270,138) (14,342,692) (33,187,110) (16,057,838) (34,978,189) (16,987,747) (310,557) (162,955) (650,494) (343,399) (481,417) (255,352) 1,010 530 - - - - 26,239,124 15,238,009 20,504,314 12,035,777 109,570,330 59,076,916 435,184,425 228,349,772 461,423,549 243,587,781 481,927,863 255,623,558 461,423,549$ 243,587,781$ 481,927,863$ 255,623,558$ 591,498,193$ 314,700,474$ 247,523,603$ 111,320,687$ 264,680,263$ 120,201,391$ 193,127,517$ 82,715,447$
65.09% 68.63% 64.55% 68.02% 75.39% 79.19%
79,529,676$ 28,234,113$ 80,417,208$ 27,578,559$ 82,654,527$ 27,806,987$ 311.23% 394.28% 329.13% 435.85% 233.66% 297.46%
2020 2022
June 30, 2021
2021
June 30, 2019 June 30, 2020
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119
CITY OF ROSEVILLE
SCHEDULE OF CONTRIBUTIONS - PENSIONS
LAST TEN YEARS**
Valuation Date
Miscellaneous Safety Miscellaneous Safety
Actuarial Determined Contribution 15,872,491$ 9,015,161$ 17,564,085$ 9,409,229$ (15,872,491) (9,015,161) (17,564,085) (9,409,229) -$ -$ -$ -$ Covered payroll 67,642,462$ 25,304,421$ 70,574,246$ 25,172,485$ Contributions as a percentage of covered payroll 23.47% 35.63% 24.89% 37.38% Notes to Schedule:
Methods and assumptions used to determine contribution rates:
Actuarial cost method
Amortization method
Asset valuation method
Inflation
Salary increases
Payroll growth
Investment rate of return
Retirement age
Mortality
June 30, 2013 June 30, 2014
2015 2016
Entry age normal cost method
Level percentage of pay, a summary of the current policy is provided in the table below:
Contribution Deficiency (Excess)
**Historical information is required only for measurement periods for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only seven years are shown.
The mortality table used was developed based on CalPERS’ specific data. The table includes 15 years of mortality improvements using 90 percent of Society of Actuaries' Scale 2016. For more details on this table, please refer to the 2017 experience study report.
All other actuarial assumptions used in the June 30, 2019 valuation were based on the results of an actuarial experience study for the period from 1997 to 2015, including updates to salary increase, mortality and retirement rates. The Experience Study report may be accessed on the CalPERS website at www.calpers.ca.gov under Forms and Publications.
2.75%
7.00%, net of pension plan investment expenses, including inflation.
Varies by Entry Age and Service
Market Value
2.50%
Contribution in relation to the Actuarially Determined Contribution 120
Miscellaneous Safety Miscellaneous Safety Miscellaneous Safety 19,896,723$ 11,655,656$ 18,499,075$ 11,936,348$ 20,601,494$ 12,920,861$ (19,896,723) (11,655,656) (18,499,075) (11,936,348) (20,601,494) (12,920,861) -$ -$ -$ -$ -$ -$ 74,820,705$ 25,815,804$ 79,210,839$ 27,559,890$ 81,801,133$ 26,701,606$
26.59% 45.15% 23.35% 43.31% 25.18% 48.39%
June 30, 2015 June 30, 2016 June 30, 2017
2017 2018 2019
Entry age normal cost method
Level percentage of pay, a summary of the current policy is provided in the table below:
2.75%
7.00%, net of pension plan investment expenses, including inflation.
Varies by Entry Age and Service
Market Value
2.50%
121
Miscellaneous Safety Miscellaneous Safety Miscellaneous Safety 23,130,931$ 15,077,558$ 27,226,777$ 15,061,145$ 30,336,227$ 15,544,511$ (23,130,931) (15,077,558) (27,226,777) (15,061,145) (30,336,227) (15,544,511) -$ -$ -$ -$ -$ -$ 80,417,208$ 27,578,559$ 82,654,527$ 27,806,987$ 86,882,516$ 29,125,588$
28.76% 54.67% 32.94% 54.16% 34.92% 53.37%
2020 2021
June 30, 2018 June 30, 2019
2022
June 30, 2020
122
CITY OF ROSEVILLE
SCHEDULE OF CHANGES IN THE CITY’S NET OPEB LIABILITY AND RELATED RATIOS LAST TEN YEARS**
2018 2019 2020 2021 2022
Measurement Date June 30, 2018 June 30, 2019 June 30, 2020 June 30, 2020 June 30, 2022 Total OPEB Liability
Service cost 6,665,000$ 6,021,000$ 5,701,000$ 5,414,588$ 5,759,626$ Interest on the total OPEB liability 15,256,000 14,291,000 14,961,000 14,125,116 14,588,405 Differences between expected and actual experiences (29,958,000) - (17,999,000) - (21,544,252) Changes in assumptions 11,123,000 - (5,591,000) 7,744,727 (17,673,776) Benefit payments, including refunds of employee contributions (8,449,000) (8,550,000) (9,988,000) (10,333,464) (10,649,042) Net change in total OPEB liability (5,363,000) 11,762,000 (12,916,000) 16,950,967 (29,519,039) Total OPEB liability - beginning 232,271,000 226,908,000 238,670,000 225,754,000 242,704,967 Total OPEB liability - ending (a) 226,908,000 238,670,000 225,754,000 242,704,967 213,185,928 Plan Fiduciary Net Position
Contributions - employer 14,213,477 15,342,178 16,425,867 15,353,152 15,400,470 Miscellaneous revenue - 69,429 - - - Net investment income 5,902,312 7,122,750 5,318,871 28,457,423 (18,288,503) Benefit payments (8,449,000) (8,550,000) (9,988,000) (10,333,464) (10,649,042) Administrative expenses (210,775) (144,591) (34,934) (81,197) (75,790) Net change in plan fiduciary net position 11,456,014 13,839,766 11,721,804 33,395,914 (13,612,865) Plan fiduciary net position - beginning 72,663,626 84,119,640 97,959,406 109,681,210 143,077,124 Plan fiduciary net position - ending (b) 84,119,640 97,959,406 109,681,210 143,077,124 129,464,259 Net OPEB Liability/(Assets) - ending (a) - (b) 142,788,360$ 140,710,594$ 116,072,790$ 99,627,843$ 83,721,669$ Plan fiduciary net position as a percentage of the total OPEB liability 37.07% 41.04% 48.58% 58.95% 60.73% Covered-employee payroll 106,770,729$ 108,508,739$ 107,995,767$ 115,547,480$ 128,628,850$ Net OPEB liability as a percentage of covered-employee payroll 133.73% 129.68% 107.48% 86.22% 65.09% ** Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation.
Future years' information will be displayed up to 10 years as information becomes available. 123
CITY OF ROSEVILLE
SCHEDULE OF CONTRIBUTIONS – OPEB
LAST TEN YEARS**
2018 2019 2020 2021 2022
Valuation Date June 30, 2017 June 30, 2017 June 30, 2019 June 30, 2019 June 30, 2022 15,132,000$ 15,342,000$ 13,739,000$ 14,026,000$ 10,687,000$ (14,213,000) (15,226,000) (16,485,000) (15,353,152) (15,400,470) 919,000$ 116,000$ (2,746,000)$ (1,327,152)$ (4,713,470)$ 106,770,729$ 108,508,739$ 107,995,767$ 115,547,480$ 128,628,850$
13.31% 14.03% 15.26% 13.29% 11.97%
Notes to Schedule:
Methods and assumptions used to determine contributions:
Most Recent Valuation Date June 30, 2021
Actuarial Cost Method
Amortization Method
Asset Valuation Method
Inflation
Salary Increase
Discount rate
Mortality
Contribution Deficiency (Excess)
Covered-employee payroll
Contributions as a percentage of covered-employee payroll Actuarially Determined Contribution
Level percent of pay
Contribution in Relation to the Actuarially Determined Contributions ** Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation.
Future years' information will be displayed up to 10 years as information becomes available.
Entry Age Normal, level percent of payroll
Investment gains and losses spread over 5 year rolling period Derived using CalPERS membership data
5.75%
2.50%
Aggregate of 2.75%
124
MODIFIED APPROACH TO REPORTING STREET PAVEMENT COSTS
GASB Statement No. 34 allows the City to use the Modified Approach with respect to infrastructure assets instead of depreciating these assets. The Modified Approach may be used if two requirements are met:
a. The City must have an asset management system (AMS) with certain features:
It must maintain an up-to-date inventory of the infrastructure assets. It must estimate the annual costs to maintain and preserve thos e assets at the condition level the City has established and disclosed through administrative or executive policy or legislative action. The AMS must be used to assess the condition of the assets peri odically, using a measurement scale.
The condition assessments must be replicable as those that are based on sufficiently understandable and complete measurement methods such that different measurers using the same methods would reach subst antially similar results.
b. The City must document that the roads are being preserved appro ximately at or above the condition level the City has established and disclosed. This documentation must include the results of the three most recent complete condition assessments and must provide reasonable assurance that the assets are being preserved approximately at or above the intended condition level.
Street Pavement
The City has elected to use the Modified Approach to report str eet pavement costs. The City uses a computerized Pavement Management System to track the condition levels of each of the street sections.
The condition of the pavement is based on a weighted average of seven distress factors found in pavement surfaces. The pavement management system uses a measurement scale that is based on a condition index ranging from zero for a failed pavement to 100 for pavement with perfect condition. The condition index is used to classify pavement in good or better condition (70-100), fair condition (55–69), and substandard condition (less than 55).
The City’s maintenance costs are budgeted to be $29,283,349 in fiscal year 2023. The Pavement Quality Index (PQI) for the City’s street pavement for the last five years is as follows:
Fiscal Year
Arterial/
Collector Residential
Maintenance
Budget
Actual
Maintenance
2018 72 70 3,491,657 $ 5,154,352 $
2019 74 69 3,136,162 12,387,602
2020 70 66 5,265,978 10,948,940
2021 69 66 20,696,490 6,033,245
2022 66 63 18,035,155 13,658,427
PQI
The City’s policy based on current funding is to maintain arter ial and collector roadways at an average Pavement Quality Index (PQI) of 72 and residential roadways at an average PQI of 65, based on a study conducted every three years. This rating allows for minor cracking and reveling of the pavement along with minor roughness that could be noticeable to drivers traveling a t posted speed. The most recent study, completed subsequent to June 30, 2022, measured over 7,000 segments of roads and found average PQIs of 74 for arterial/collector roads and 73 for residential roads . The City expended $13,658,427 for street preservation in fiscal year 2022.
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126
CITY OF ROSEVILLE
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION
JUNE 30, 2022
Note 1: Budgeting Procedures
The City follows these procedures in establishing the budgetary data:
a. The City Manager submits to the City Council a proposed operating budget for the fiscal year commencing the following July 1. The operating budget includes proposed expenditures and the means of financing them.
b. Public hearings are conducted to obtain taxpayer comments. c. The budget is legally enacted through passage of minute order and ordinance. d. The City Manager or designee is authorized to apply prudent monitoring procedures to assure that actual expenditures/expenses of the City do not exceed the appropriations at the department level within each fund in conformance with the adopted policies set b y the City Council. Capital Improvement Projects, including annual projects, may not exceed budget at the total project level.
Additional appropriations or interfund transfers not included in the original budget ordinance require approval by the City Council.
e. Expenditures may not legally exceed budgeted appropriations at the department by fund. f. A formal budgetary process is employed as a management control device during the year. g. Budgets are adopted for all governmental funds. In addition, the capital projects funds are budgeted on a project length basis and therefore are not comparable on an annual basis.
For fiscal year 2021-22, budgets have not been adopted for the following fund:
a. Roseville Community Development Corporation Fund
Note 2: Adjustments to GAAP Basis from Budgetary Basis
City budgets are adopted on a basis consistent with generally accepted accounting principles (GAAP) except that capital projects expenditures are budgeted on a pro ject length basis rather than a fiscal year.
The effects of these differences are shown as capital outlay in the budget and actual statements.
Note 3: Encumbrances
Under encumbrance accounting, purchase orders, contracts and other commitments for the expenditure of monies are recorded in order to reserve that portion of the app licable appropriation. Encumbrance accounting is employed as an extension of formal budgetary inte gration in all budgeted funds.
Encumbrances outstanding at year end are reported as restricted , committed or assigned fund balances, as applicable, since they do not constitute expenditures or liabilities and are reappropriated in the following year. Unexpended appropriations lapse at year end and must be c arried forward to be reappropriated in the following year.
Note 4: Expenditures Exceed Appropriations
General Fund
Annexation payments 407,913$
Retiree medical benefits 45,235
Other expenditures 94,297
Interest and fiscal charges 7,513
127
NON-MAJOR GOVERNMENTAL FUNDS
Special Revenue Funds
Special revenue funds are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditure for specified purposes other than debt service or capital projects.
Landscape and Lighting and Service Districts Fund. To account for the collection of assessment revenue from property owners for the maintenance of surrounding park an d landscaping improvements within the boundaries of each district.
State Gasoline Tax Fund. To account for revenue apportioned to the City from the State-collected gas tax revenues and spent for construction and maintenance of City streets.
Traffic Safety Fund. To account for the City’s share of fines generated from violati ons of the State Motor Vehicle Code.
Trench Cut Recovery Fund. To account for the collection of fees charged by the City for cutting trenches in paved roadway and spent for maintaining the street if useful life is decreased.
Technology Replacement Fund. To account for the activities related to the City’s permit system funded by a 3 percent technology fee on permits.
Open Space Fund. To account for the accumulation of funding for the maintenance of the City’s bike trails and open spaces.
Tree Propagation Fund. To account for fees assessed on oak tree removal and expended on the continuation and preservation of tree planting within the City.
Grants Fund. To account for monies various housing and police grants received from federal, state, and local grantors.
Housing Authority Housing Choice Voucher Fund. To account for monies received from the U.S. Department of Housing and Urban Development and expended for rental assistance to low income households within the Roseville and Rocklin areas.
Affordable Housing Fund. To account for monies received from property whose land use was changed from residential to commercial and from affordable housing agreement s. These monies are then used to fund other affordable housing projects.
Low/Mod Income Housing Asset Fund. To account for the activities related to the assets assumed by the City as Housing Successor to the housing activities of the former Redevelopment Agency of the City of Roseville.
Cable TV PEG Fund. To account for activity related to Public, Educational, and Governmental Access TV Channels.
Police Evidence Fund. To account for confiscated property and evidence funds for the Police department.
Roseville Community Development Corporation Fund . To account for revenues and expenditures of the Corporation for economic development, affordable housing and other community programs.
Golf Fund. This fund accounts for all financial transactions associated relating to the development, operations, and maintenance of the City’s public golf courses.
128
NON-MAJOR GOVERNMENTAL FUNDS (CONTINUED)
Roseville Aquatics Complex Maintenance Fund. A permanent fund established to account for contribution from the High School District. Only the interest earnings can b e spent on helping maintain the Aquatics Complex.
Capital Projects Funds
Capital projects funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for capital outlays, including the a cquisition or construction of capital facilities and other capital assets. Capital projects funds exclude those types of capital-related outflows financed by proprietary funds or for assets that will be held in trust for individuals, private organizations, or other governments.
Development Impact Fee Fund . To account for fees applied to new construction and expended fo r the development of public facilities for which it creates a need.
Traffic Mitigation Fund. To account for revenues and expenditures related to major roadw ays and related structures such as bridges or interchanges.
Al Johnson Wildlife Area Fund. To account for activity related to the maintenance of the AL Johnson Wildlife area.
Roadway Fund. To account for non-Gas Tax grants and other restricted revenues to construct and or maintain City streets.
General Fund Capital Projects Rehabilitation Fund . To account for the approved rehabilitation of existing City property funded by the General Fund.
RFA Capital Projects Fund . To account for specific public improvements such as streets, se wers, storm drains, sidewalks or other am enities funded by special assessments against benefited properties.
Debt Service Fund
Debt service funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for principal and interest.
Roseville Finance Authority Fund. To account for the accumulation of resources from lease payments and the payment of long-term debt incurred by the Finance Authority.
Permanent Fund
Permanent funds are used to account for and report resources th at are restricted to the extent that only earnings, and not principal, may be used for purposes that supp ort the reporting government’s programs—that is, for the benefit of the government or its citizenry.
Citizens Benefit Fund. A permanent fund established to account for the proceeds from the sale of any municipally owned Hospital and interest earnings expended for improving the quality of life for the citizens of the City of Roseville.
129
CITY OF ROSEVILLE
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:
Cash and investments 15,126,571$ 8,593,848$ 713,391$ 151,974$ Receivables- due from other government agencies 689,473 6,015,154 26,086 579 Notes and loans - - - - Prepaids - - - - Developer permit fees receivable - - - - Due from other governments - - - - Due from other funds - - - - Restricted assets:
Cash and investments - - - - Total Assets 15,816,044$ 14,609,002$ 739,477$ 152,553$ Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable 510,450$ 236,561$ 2,915$ -$ Accrued liabilities - 20,941 - - Unearned revenues 17,248 - - - Deposits payable - - - - Due to other government agencies - - - - Due to other funds - - - - Advances from other funds - - - - Total Liabilities 527,698 257,502 2,915 - Deferred inflows of resources:
Unavailable revenues - - - - Total Deferred Inflows of Resources - - - - Fund Balances:
Nonspendable - - - - Restricted 15,288,346 14,351,500 736,562 152,553 Assigned - - - - Unassigned - - - - Total Fund Balances (Deficits) 15,288,346 14,351,500 736,562 152,553 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances 15,816,044$ 14,609,002$ 739,477$ 152,553$ Special Revenue Funds
Landscape
and Lighting
Districts and
Services
District
State Gasoline
Tax Traffic Safety
Trench Cut
Recovery Fund
130
CITY OF ROSEVILLE
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:
Cash and investments
Receivables- due from other government agencies
Notes and loans
Prepaids
Developer permit fees receivable
Due from other governments
Due from other funds
Restricted assets:
Cash and investments
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other government agencies
Due to other funds
Advances from other funds
Total Liabilities
Deferred inflows of resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:
Nonspendable
Restricted
Assigned
Unassigned
Total Fund Balances (Deficits)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
(CONTINUED)
2,745,231$ 910,439$ 1,908,770$ 20,748,286$ 7,115 1,872 12,539 1,668,221 - - - 11,509,454 - - - 3,289 - - - - - - - - - - - - - - - - 2,752,346$ 912,311$ 1,921,309$ 33,929,250$ 9,110$ 21,415$ 1,795$ 91,463$ - - - - - - - 17,644,859 - - - - - - - - - - - - - - - - 9,110 21,415 1,795 17,736,322 - - - 13,006,218 - - - 13,006,218 - - - 3,289 2,743,236 890,896 1,919,514 3,183,421 - - - - - - - - 2,743,236 890,896 1,919,514 3,186,710 2,752,346$ 912,311$ 1,921,309$ 33,929,250$ Special Revenue Funds
Technology
Replacement Open Space
Tree
Propagation Grants
131
CITY OF ROSEVILLE
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:
Cash and investments
Receivables- due from other government agencies
Notes and loans
Prepaids
Developer permit fees receivable
Due from other governments
Due from other funds
Restricted assets:
Cash and investments
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other government agencies
Due to other funds
Advances from other funds
Total Liabilities
Deferred inflows of resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:
Nonspendable
Restricted
Assigned
Unassigned
Total Fund Balances (Deficits)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
243,306$ 6,427,476$ 2,435,100$ 2,054,113$ 151,017 654,880 1,636,759 99,480 - 18,376,097 14,040,175 - - - - - - - - - - - - - 480,311 - - - 88,786 - - - 963,420$ 25,458,453$ 18,112,034$ 2,153,593$ 3,585$ 66$ 25$ 44$ 18,167 15,429 - - - - - - 88,786 - - - - - - - - - - - - - - - 110,538 15,495 25 44 139,117 19,007,520 11,997,324 -
139,117 19,007,520 11,997,324 -
- - - - 713,765 6,435,438 6,114,685 2,153,549 - - - - - - - - 713,765 6,435,438 6,114,685 2,153,549 963,420$ 25,458,453$ 18,112,034$ 2,153,593$ Special Revenue Funds
Housing
Authority
Housing
Choice
Voucher
Affordable
Housing
Low/Mod
Income
Housing Asset Cable TV Peg
132
CITY OF ROSEVILLE
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:
Cash and investments
Receivables- due from other government agencies
Notes and loans
Prepaids
Developer permit fees receivable
Due from other governments
Due from other funds
Restricted assets:
Cash and investments
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other government agencies
Due to other funds
Advances from other funds
Total Liabilities
Deferred inflows of resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:
Nonspendable
Restricted
Assigned
Unassigned
Total Fund Balances (Deficits)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
(CONTINUED)
315,915$ -$ 1,049,896$ 541,602$ 922 - 858,230 1,233 - - - - - - - - - - - - - - - - - - - - - - - - 316,837$ -$ 1,908,126$ 542,835$ 2,575$ -$ 158,628$ -$ - - 2,351,186 - - - - - - - - - - - - - - - 127,000 31,328 - - 1,734,000 - 2,575 - 4,370,814 31,328 - - - - - - - - - - - - 314,262 - - 511,507 - - - - - - (2,462,688) - 314,262 - (2,462,688) 511,507 316,837$ -$ 1,908,126$ 542,835$ Special Revenue Funds
Police
Evidence
Roseville
Community
Development
Corporation Golf
Roseville
Aquatics
Complex
Maintenance
133
CITY OF ROSEVILLE
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:
Cash and investments
Receivables- due from other government agencies
Notes and loans
Prepaids
Developer permit fees receivable
Due from other governments
Due from other funds
Restricted assets:
Cash and investments
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other government agencies
Due to other funds
Advances from other funds
Total Liabilities
Deferred inflows of resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:
Nonspendable
Restricted
Assigned
Unassigned
Total Fund Balances (Deficits)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
93,595,578$ 39,026,199$ 1,249,262$ 1,388,330$ 4,801,229 111,987 35,254 398,445 181,455 361 - - - - - - 5,689,957 2,626,339 - - - 5,300,639 - - - - - - - - - - 104,268,219$ 47,065,525$ 1,284,516$ 1,786,775$ 1,546,957$ 711,532$ -$ 4,959$ 53,657 - - - - - - - 10,000 - - - - - - - 1,555,260 - - - 6,473,545 - - - 9,639,419 711,532 - 4,959 4,135,754 5,300,639 - - 4,135,754 5,300,639 - - - - - - 90,493,046 41,053,354 1,284,516 1,781,816 - - - - - - - - 90,493,046 41,053,354 1,284,516 1,781,816 104,268,219$ 47,065,525$ 1,284,516$ 1,786,775$ Capital Projects Funds
Development
Impact
Traffic
Mitigation
Al Johnson
Wildlife Area Roadway
134
CITY OF ROSEVILLE
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:
Cash and investments
Receivables- due from other government agencies
Notes and loans
Prepaids
Developer permit fees receivable
Due from other governments
Due from other funds
Restricted assets:
Cash and investments
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other government agencies
Due to other funds
Advances from other funds
Total Liabilities
Deferred inflows of resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:
Nonspendable
Restricted
Assigned
Unassigned
Total Fund Balances (Deficits)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
(CONTINUED)
Debt Service
Fund
Permanent
Fund
5,457,948$ 3,197,142$ 390$ 15,314,729$ 44,486 71,063 8,667 49,946 - - - - - - - - - - - - - - - - - - - - - - - - 5,502,434$ 3,268,205$ 9,057$ 15,364,675$ 650,992$ 56,041$ -$ 8,322$ - - - - - - - - - - - - - - - - - - 66,570 - - - - - 650,992 56,041 66,570 8,322 - - - - - - - - - - - 15,356,353 - 3,212,164 - - 4,851,442 - - - - - (57,513) - 4,851,442 3,212,164 (57,513) 15,356,353 5,502,434$ 3,268,205$ 9,057$ 15,364,675$ Capital Projects Funds
General Fund
Capital
Projects
RFA Capital
Projects
Roseville
Finance
Authority Citizen Benefit
135
CITY OF ROSEVILLE
COMBINING BALANCE SHEET
NONMAJOR GOVERNMENTAL FUNDS
JUNE 30, 2022
Assets:
Cash and investments
Receivables- due from other government agencies
Notes and loans
Prepaids
Developer permit fees receivable
Due from other governments
Due from other funds
Restricted assets:
Cash and investments
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:
Liabilities:
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other government agencies
Due to other funds
Advances from other funds
Total Liabilities
Deferred inflows of resources:
Unavailable revenues
Total Deferred Inflows of Resources
Fund Balances:
Nonspendable
Restricted
Assigned
Unassigned
Total Fund Balances (Deficits)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
Total
Governmental
Funds
223,195,496$
17,344,637
44,107,542
3,289
8,316,296
5,300,639
480,311
88,786
298,836,996$
4,017,435$
2,459,380
17,662,107
98,786
-
1,780,158
8,207,545
34,225,411
53,586,572
53,586,572
15,359,642
193,334,130
4,851,442
(2,520,201)
211,025,013
298,836,996$
136
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137
CITY OF ROSEVILLE
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Revenues:
Taxes 15,491,382$ -$ -$ -$ Subvention and grants - 8,993,714 - - Charges for services 33,188 - - - Use of money and property (907,605) (519,445) (43,820) (9,020) Fines, forfeitures and penalties - - 198,531 - Contributions from developers and others - 2,968,455 - - Miscellaneous revenues 57,384 - - - Revenue from others - - - - Total Revenues 14,674,349 11,442,724 154,711 (9,020) Expenditures:
Current:
General government - - - 4 Police - - 50,193 - Fire - - - - Economic development - - - - Parks and recreation 7,413,608 - - - Public works - 10,164,401 134,615 - Development services - - - - Housing assistance payments - - - - Capital outlay 152,421 5,005 - - Debt service:
Principal retirement - - - - Interest and fiscal charges - - - - Total Expenditures 7,566,029 10,169,406 184,808 4 Excess (Deficiency) of Revenues
Over (Under) Expenditures 7,108,320 1,273,318 (30,097) (9,024) Other Financing Sources (Uses):
Transfers in - - - - Transfers out (6,545,633) - - - Total Other Financing Sources
(Uses) (6,545,633) - - - Net Change in Fund Balances 562,687 1,273,318 (30,097) (9,024) Fund Balances, Beginning of Year 14,725,659 13,078,182 766,659 161,577 Fund Balances, End of Year 15,288,346$ 14,351,500$ 736,562$ 152,553$ Landscape
and Lighting
Districts and
Services
District
State
Gasoline Tax Traffic Safety
Trench Cut
Recovery
Fund
Special Revenue Funds
138
CITY OF ROSEVILLE
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Revenues:
Taxes
Subvention and grants
Charges for services
Use of money and property
Fines, forfeitures and penalties
Contributions from developers and others
Miscellaneous revenues
Revenue from others
Total Revenues
Expenditures:
Current:
General government
Police
Fire
Economic development
Parks and recreation
Public works
Development services
Housing assistance payments
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
(CONTINUED)
-$ -$ -$ -$ - - - 3,722,888 923,986 - 6,572 332 (160,138) (49,644) (113,907) (366,168) - - - - - - - - - 30,198 4,761 - - - - 38,400 763,848 (19,446) (102,574) 3,395,452 - - - 3,287,398 - - - 4,267,620 - - - - - - - - - 667,314 68,871 - - - - - 248,703 - - - - - - - - - - 80,034 - - - - - - - - 248,703 667,314 68,871 7,635,052 515,145 (686,760) (171,445) (4,239,600) - 660,006 - - - - - (135,000) - 660,006 - (135,000) 515,145 (26,754) (171,445) (4,374,600) 2,228,091 917,650 2,090,959 7,561,310 2,743,236$ 890,896$ 1,919,514$ 3,186,710$ Tree
Propagation Grants
Technology
Replacement Open Space
Special Revenue Funds
139
CITY OF ROSEVILLE
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Revenues:
Taxes
Subvention and grants
Charges for services
Use of money and property
Fines, forfeitures and penalties
Contributions from developers and others
Miscellaneous revenues
Revenue from others
Total Revenues
Expenditures:
Current:
General government
Police
Fire
Economic development
Parks and recreation
Public works
Development services
Housing assistance payments
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
-$ -$ -$ -$ 8,253,898 2,483,703 274,158 -
- 17,828 45,688 361,121 (3,123) (383,898) (140,558) (119,945) - - - - - 703,600 - - - - 977,284 - - - - - 8,250,775 2,821,233 1,156,572 241,176 - - 20,425 47,364 - - - - - - - - 8,205,880 - 907,642 - - - - - - - - - 1,766 4,088,760 - - - - - - 89,688 - - - - - - - - - - - 8,297,334 4,088,760 928,067 47,364 (46,559) (1,267,527) 228,505 193,812 - - - - - - - - - - - - (46,559) (1,267,527) 228,505 193,812 760,324 7,702,965 5,886,180 1,959,737 713,765$ 6,435,438$ 6,114,685$ 2,153,549$ Housing
Authority
Housing
Choice
Voucher
Affordable
Housing
Low/Mod
Income
Housing Asset Cable TV Peg
Special Revenue Funds
140
CITY OF ROSEVILLE
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Revenues:
Taxes
Subvention and grants
Charges for services
Use of money and property
Fines, forfeitures and penalties
Contributions from developers and others
Miscellaneous revenues
Revenue from others
Total Revenues
Expenditures:
Current:
General government
Police
Fire
Economic development
Parks and recreation
Public works
Development services
Housing assistance payments
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
(CONTINUED)
-$ -$ -$ -$ - - - - - - 2,872,012 - (18,448) - (56,552) (61,015) - - - - - - - - 21,349 1,475,951 7,000 - - - - - 2,901 1,475,951 2,822,460 (61,015) - - - - 28,476 - - - - - - - - - - - - - 2,403,192 180 - - - - - 2,243 - - - - - - - - - - - 2,258,485 - - - 683,003 27,145 - 28,476 2,943,731 2,430,337 180 (25,575) (1,467,780) 392,123 (61,195) - - 786,918 - - - (480,610) - - - 306,308 - (25,575) (1,467,780) 698,431 (61,195) 339,837 1,467,780 (3,161,119) 572,702 314,262$ -$ (2,462,688)$ 511,507$ Police
Evidence
Roseville
Community
Development
Corporation Golf
Roseville
Aquatics
Complex
Maintenance
Special Revenue Funds
141
CITY OF ROSEVILLE
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Revenues:
Taxes
Subvention and grants
Charges for services
Use of money and property
Fines, forfeitures and penalties
Contributions from developers and others
Miscellaneous revenues
Revenue from others
Total Revenues
Expenditures:
Current:
General government
Police
Fire
Economic development
Parks and recreation
Public works
Development services
Housing assistance payments
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
-$ -$ -$ -$ - - - 540,119 27,545,262 11,438,031 - - (5,463,259) (2,296,156) (11,509) (79,696) - - - - - 419,528 - - 96,007 - - 55,954 - 1,317,670 - - 22,178,010 10,879,073 (11,509) 516,377 2,184,271 82,368 32 - - - - - 827,055 - - - - - - - 489,089 - - - 172,266 838,528 - 65,614 - - - - - - - - 5,361,557 2,684,721 - 282,037 - - - - 130,966 - - - 9,165,204 3,605,617 32 347,651 13,012,806 7,273,456 (11,541) 168,726 1,905,546 - - 414,630 (128,863) - - (1,200,000) 1,776,683 - - (785,370) 14,789,489 7,273,456 (11,541) (616,644) 75,703,557 33,779,898 1,296,057 2,398,460 90,493,046$ 41,053,354$ 1,284,516$ 1,781,816$ Traffic
Mitigation
Al Johnson
Wildlife Area Roadway
Development
Impact
Capital Projects Funds
142
CITY OF ROSEVILLE
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Revenues:
Taxes
Subvention and grants
Charges for services
Use of money and property
Fines, forfeitures and penalties
Contributions from developers and others
Miscellaneous revenues
Revenue from others
Total Revenues
Expenditures:
Current:
General government
Police
Fire
Economic development
Parks and recreation
Public works
Development services
Housing assistance payments
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
(CONTINUED)
Debt Service
Fund
Permanent
Fund
-$ -$ -$ -$ - - - - 109,438 - - - (338,695) (181,022) (6,083) (1,547,878) - - - - - - - - 60,694 - - 1,691 - 1,382,420 - - (168,563) 1,201,398 (6,083) (1,546,187) - - - - - - - - - - - - - - - - 321,952 - - - - - - - - 85 - 369,174 - - - - 2,143,624 116,746 - - - - 1,655,948 - - - 722,860 - 2,465,576 116,831 2,378,808 369,174 (2,634,139) 1,084,567 (2,384,891) (1,915,361) 2,823,300 - 2,378,848 - (4,586,893) (614,351) - - (1,763,593) (614,351) 2,378,848 -
(4,397,732) 470,216 (6,043) (1,915,361) 9,249,174 2,741,948 (51,470) 17,271,714 4,851,442$ 3,212,164$ (57,513)$ 15,356,353$ Citizen
Benefit
Roseville
Finance
Authority
General Fund
Capital
Projects
RFA Capital
Projects
Capital Projects Funds
143
CITY OF ROSEVILLE
COMBINING STATEMENT OF REVENUES,
EXPENDITURES AND CHANGES IN FUND BALANCES
NONMAJOR GOVERNMENTAL FUNDS
YEAR ENDED JUNE 30, 2022
Revenues:
Taxes
Subvention and grants
Charges for services
Use of money and property
Fines, forfeitures and penalties
Contributions from developers and others
Miscellaneous revenues
Revenue from others
Total Revenues
Expenditures:
Current:
General government
Police
Fire
Economic development
Parks and recreation
Public works
Development services
Housing assistance payments
Capital outlay
Debt service:
Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):
Transfers in
Transfers out
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year
Fund Balances, End of Year
Total
Governmental
Funds
15,491,382$
24,268,480
43,353,458
(12,877,584)
198,531
4,091,583
2,788,273
2,738,490
80,052,613
5,621,862
4,346,289
827,055
9,113,522
11,364,206
11,375,424
4,710,731
-
10,915,833
3,914,433
1,563,974
63,753,329
16,299,284
8,969,248
(13,691,350)
(4,722,102)
11,577,182
199,447,831
211,025,013$
144
CITY OF ROSEVILLE
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
LANDSCAPE AND LIGHTING DISTRICTS AND SERVICES DISTRICT
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:
Taxes 17,253,893$ 15,549,944$ 15,491,382$ (58,562)$
Charges for services - - 33,188 33,188 Use of money and property 133,878 133,878 (907,605) (1,041,483) Miscellaneous revenues - 17,662 57,384 39,722 Total Revenues 17,387,771 15,701,484 14,674,349 (1,027,135) Expenditures:
Current:
Operating services and supplies
Parks and recreation 8,361,223 8,591,320 7,413,608 1,177,712 Capital outlay - 200,000 152,421 47,579 Total Expenditures 8,361,223 8,791,320 7,566,029 1,225,291 Excess (Deficiency) of Revenues
Over (Under) Expenditures 9,026,548 6,910,164 7,108,320 198,156 Other Financing Sources (Uses):
Transfers out (6,273,518) (6,545,636) (6,545,633) 3 Total Other Financing Sources (Uses) (6,273,518) (6,545,636) (6,545,633) 3 Net Change in Fund Balance 2,753,030$ 364,528$ 562,687 198,159$ Fund Balance, July 1 14,725,659
Fund Balance, June 30 15,288,346$
145
CITY OF ROSEVILLE
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
STATE GASOLINE TAX
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:
Subventions and grants 3,261,199$ 3,261,199$ 8,993,714$ 5,732,515$ Use of money and property 127,334 127,334 (519,445) (646,779) Contributions from developers and others 2,492,066 2,492,066 2,968,455 476,389 Total Revenues 5,880,599 5,880,599 11,442,724 5,562,125 Expenditures:
Current:
Operating services and supplies
Public works 1,382,605 7,657,603 10,164,401 (2,506,798) Capital outlay 9,600,189 10,040,060 5,005 10,035,055 Total Expenditures 10,982,794 17,697,663 10,169,406 7,528,257 Excess (Deficiency) of Revenues
Over (Under) Expenditures (5,102,195) (11,817,064) 1,273,318 13,090,382 Other Financing Sources (Uses):
Transfers in 608,167 608,167 - (608,167) Total Other Financing Sources (Uses) 608,167 608,167 - (608,167) Net Change in Fund Balance (4,494,028)$ (11,208,897)$ 1,273,318 12,482,215$ Fund Balance, July 1 13,078,182
Fund Balance, June 30 14,351,500$
146
CITY OF ROSEVILLE
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
TRAFFIC SAFETY
YEAR ENDED JUNE 30, 2022
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Revenues:
Use of money and property 10,271$ 10,271$ (43,820)$ (54,091)$ Fines, forfeitures and penalties 230,000 230,000 198,531 (31,469) Total Revenues 240,271 240,271 154,711 (85,560) Expenditures:
Current:
Operating services and supplies
Police 8,968 77,028 50,193 26,835 Public works 203,251 231,064 134,615 96,449 Total Expenditures 212,219 308,092 184,808 123,284 Excess (Deficiency) of Revenues
Over (Under) Expenditures 28,052 (67,821) (30,097) 37,724 Net Change in Fund Balance 28,052$ (67,821)$ (30,097) 37,724$ Fund Balance, July 1 766,659
Fund Balance, June 30 736,562$
147