Roseville City Council
February 4, 2026

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 9: LEASES AND SUBSCRIPTION-B ASED INFORMATION TECHNOLOGY AR RANGEMENTS (CONTINUED)

Subscription liability principal and interest payments are found in the table below.

Governmental Activities

Business-Type Activities

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 well 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 included, bond premiums and discounts are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are re ported net of the applicable bond premium or discount. Any differences 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.

Balance as of Balance as of Due within
July 1, 2024 Additions Reductions June 30, 2025 one year Governmental Activities
Subscriptions 2,663,884$ 1,764,584$ 1,245,736$ 3,182,732$ 1,214,910$ Total governmental activities 2,663,884 1,764,584 1,245,736 3,182,732 1,214,910 Business-Type Activities
Subscriptions 1,500,806 - 550,279 950,527 505,482 Total business-type activities 1,500,806 - 550,279 950,527 505,482 Total Subscription Liability 4,164,690$ 1,764,584$ 1,796,015$ 4,133,259$ 1,720,392$ Fis cal Year Principal Interes t Total
2026 1,214,910$ 70,232$ 1,285,142$
2027 1,082,857 45,225 1,128,082
2028 273,672 20,124 293,796
2029 294,585 13,901 308,486
2030 316,708 7,202 323,910
Total 3,182,732$ 156,684$ 3,339,416$
Fis cal Year Principal Interes t Total
2026 505,482$ 21,149$ 526,631$
2027 445,045 9,288 454,333
Total 950,527$ 30,437$ 980,964$
74

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 10: LONG-TERM DEBT (CONTINUED)

A. Current Year Transactions and Balances

Original Issue
Amount
Balance
June 30, 2024 Additions Deletions
Balance
June 30, 2025
Short term
Portion
Governmental Activities Debt:

Direct Placement Debt:

Sub-Lease Certificates of Participation:
2013 Public Facilities Refunding

2.15%, due 8/1/25 16,324,609 $ 1,959,092 $ - $ 966,917$ 992,175 $ 992,175 $ Total Direct Placement Debt 16,324,609 1,959,092 - 966,917 992,175 992,175 Certificates of Participation
2015 316 Vernon Street Project

2.00% - 5.25%, due 8/1/45 14,425,000 12,250,000 - 335,000 11,915,000 335,000 Add: debt premium - 611,781 - 27,808 583,973 Total Certificates of Participation 14,425,000 12,861,781 - 362,808 12,498,973 335,000 Total Governmental-Type Activities Debt: 30,749,609 $ 14,820,873 $ - $ 1,329,725$ 13,491,148 $ 1,327,175 $ Business-Type Activities Debt:

Direct Placement Debt:

Loans
Projects State Revolving Fund

1.30% Interest, due 7/03/2053 103,040,170 98,497,484 - 2,822,164 95,675,320 2,764,930 Total Direct Placement Debt 103,040,170 98,497,484 - 2,822,164 95,675,320 2,764,930 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 18,715,000 - 3,290,000 15,425,000 3,455,000 Add: bond premium 6,899,891 2,771,786 - 461,960 2,309 ,826 - Total Certificates of Participation 88,676,637 21,491,786 - 3,751,960 17,739,826 3,455,000 Revenue Bonds
2007 Gas Revenue Bonds

4.00% - 4.00%, due 2/15/28 209,350,000 59,695,000 - 13,865,000 45,830,000 14,530,000 Add: bond premium 15,454,116 2,207,730 - 735,911 1,471,819 - 2017A Electric System Revenue Refunding -

3.00% - 5.00%, due 2/1/37 56,210,000 49,665,000 - 1,170,000 48,495,000 1,215,000 Add: bond premium 5,069,937 3,138,533 - 241,426 2,897,107 - 2020 Refunding Electric System Revenue Bonds

0.39%-2.08%, due 2/1/34 34,770,000 32,525,000 - 3,150,000 29,375,000 3,185,000 Total Revenue Bonds 320,854,053 147,231,263 - 19,162,337 128,068,926 18,930,000 Total Business-Type Activities Debt: 512,570,860$ 267,220,534$ -$ 25,736,461$ 241,484,072$ 25,149,930$ 75

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

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 Agr eement 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). Th e 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 Revenue Fund rep aid the portion of the lease related to the refunding of the 2003B Certificates of Participation with the last payment made in fiscal year 2025. Principal and interest payments on the portion of the lease relating to the 2 003A Certificates of Participation are payable semi-annually on February 1 and August 1 through 2025. The amount outstanding as of June 30, 2025 was $992,175 in governmental activities.

2020 State Revolving Fund 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 loans w ere approved for up to $108,021,755, and the City drew $103,040,170 from the loans. Through an agreement with South Placer Wastewater Authority, the City’s loan draws were passed through to the Authority as reimbursement for costs of the two projects and the Authority pays the City the debt service costs of the loans. The loans bear interest at the rate of 1.30% and are payable in 30 annual payments beginning in 2025. The amount outstanding as of June 30, 2025 is $95,675,320.

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 is 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 n ot limited to) amounts held by the City in its General Fund according to the Lease Agreement in the official s tatement. Principal payments are due annually on August 1 through 2045. The amount outstanding as of June 30, 2025 is $11,915,000.

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.

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 the 2007 Water Utility Certificates of Participation. The Bonds bear interest 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.
76

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 10: LONG-TERM DEBT (CONTINUED)

As of June 30, 2025, the total principal and interest remaining to be paid on the bonds was $17,031,775. As disclosed in the official statement, all net revenues of the Wa ter Utility System are expected to provide coverage over debt service of percent over the life of the Bonds. For fiscal year 2025, net revenues amounted to $35,213,550 which represented coverage of 852 percent over the $4,133,200 in debt service. The balance outstanding as of June 30, 2025 is $15,425,000.

D. Revenue Bonds

2007 Roseville Natural Gas Financing Authority Gas Revenue Bonds

On January 24, 2007, the Authorit y issued $209,350,000 of Gas R evenue Bonds, Series 2007 (the Bonds), to finance a lump sum prepayment to a Gas Supplier (See Note 21A) in order to acquire a supply of natural gas to be delivered over a period of twenty years. The gas purchased by the Authority will be sold to the City pursuant to a Natural Gas Supply Agreement (See Note 21C) 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 30, 2025 is $45,830,000. As of June 30, 2025, the total principal and interest to be paid on the bonds was $50,488,250. For fiscal year 2025, net revenues amounted to $19,774,256, which represented coverage of 117 percent over the $16,849,750 in debt service.

2017A Electric System Revenue Refunding Bonds

On February 8, 2017, the City issued Revenue Bonds in the origi nal principal amount of $56,210,000. 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 3.00 percent to 5.00 percent and are due semi-annually on February 1 and August 1 of each ye ar. Principal payments are due annually on February 1 through 2037. The balance outstanding as of June 30, 2025 is $48,495,000.

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 Elec tric System Revenue Refunding Bonds. The Revenue Bonds bear interest at 0.389 percent to 2.081 percent a nd are due semi-annually on February 1 and August 1 of each year. Principal payments are due annually on February 1 through 2034. The balance outstanding as of June 30, 2025 is $29,375,000.

Electric Bonds Net Revenue Summary

As of June 30, 2025, the total principal and interest remaining to be paid on the 2004 Electric System Revenue COPs, the 2017A Electric System Revenue Refunding bonds and the 2020 Electric System Revenue Refunding Bonds was $99,577,799. As disclosed in the official statements, all net revenues of the Electric System are expected to provide coverage over debt service of 110 percent over the lives of the Bonds. For fiscal year 2025, net revenues amounted to $59,523,787 which represents coverage of 864 percent over the $6,887,524 in debt service.

77

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 10: LONG-TERM DEBT (CONTINUED)

E. Debt Service Requirements

Debt service requirements are shown below for the remaining long-term debt:

Principal Interest Principal Interest Principal Interest 355,000$ 532,463$ 992,175$ 10,666$ 1,347,175$ 543,129$ 370,000 514,338 - - 370,000 514,338 390,000 495,338 - - 390,000 495,338 410,000 475,338 - - 410,000 475,338 430,000 454,338 - - 430,000 454,338 2,445,000 1,967,456 - - 2,445,000 1,967,456 2,980,000 1,421,306 - - 2,980,000 1,421,306 3,685,000 687,694 - - 3,685,000 687,694 850,000 21,250 - - 850,000 21,250 Totals 11,915,000 6,569,521$ 992,175 10,666$ 12,907,175 6,580,187$ Reconciliation of long-term debt
Add deferred bond premium 583,973 - 583,973 Net long-term debt 12,498,973$ 992,175$ 13,491,148$ Principal Interest Principal Interest Principal Interest 22,385,000 5,465,651 2,764,930 1,243,779 25,149,930$ 6,709,430$ 23,345,000 4,465,890 2,800,874 1,207,835 26,145,874 5,673,725 24,415,000 3,409,223 2,837,285 1,171,424 27,252,285 4,580,647 8,655,000
2,295,228 2,874,170 1,134,539 11,529,170 3,429,767 5,050,000 2,065,028 2,911,534 1,097,175 7,961,534 3,162,203 24,915,000 8,433,004 15,135,358 4,908,187 40,050,358 13,341,191 30,365,000 1,833,800 16,145,070 3,898,476 46,510,070 5,732,276 - - 17,222,141 2,821,404 17,222,141 2,821,404 - - 18,371,067 1,672,479 18,371,067 1,672,479 - - 14,612,891 459,418 14,612,891 459,418 Totals 139,130,000 27,967,824$ 95,675,320 19,614,716$ 234,805,320 47,582,540$ Reconciliation of long-term debt
Add deferred bond premium 6,678,752 - 6,678,752 Net long-term debt 145,808,752$ 95,675,320$ 241,484,072$ 2027
2031-2035
2036-2040
2046-2050
Total
Year Ending June 30
2026
2041-2045
Governmental Activities
Private Placement Lease and Loans
2028
2029
2030
Business-Type Activities
Private Placement Lease and Loans Total
Year Ending June 30
2041-2045
2026
2046-2050
2027
2028
2029
2030
2031-2035
2036-2040
2051-2055
78

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 10: LONG-TERM DEBT (CONTINUED)

F. Special Assessment Districts

Special Assessment Districts, including Mello Roos Districts, in various parts of the City have issued debt to finance infrastructure improvements and facilities within 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 payment 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, 2025, is as follows:

Maturity Outstanding
Highland Reserve North Community Facilities District No. 1, Series 2006 9/1/2027 3,831,000$ Woodcreek East Community Facilities District No. 1, Series 2006 9/1/2027 1,275,000 Crocker Ranch Community Facilities District No. 1, Series 2007 9/1/2033 9,817,000 Stoneridge West Community Facilities District No. 1, Series 2007 9/1/2031 5,351,000 Stoneridge East Community Facilities District No. 1, Series 2007 9/1/2031 6,875,000 Stoneridge Parcel 1 Community Facilities District No. 1, Series 2007 9/1/2030 735,000 Diamond Creek Community Facilities District No. 1, Series 2019 9/1/2037 4,040,000 Fiddyment Ranch Community Facilities District No. 1, Series 2017 9/1/2036 35,365,000 Fiddyment Ranch Community Facilities District No. 5, Series 2017 9/1/2047 22,965,000 Fiddyment Ranch Community Facilities District No. 5, Series 2019 9/1/2049 15,565,000 Fiddyment Ranch Community Facilities District No. 5, Series 2021 9/1/2050 29,140,000 Fountains Community Facilities District No. 1, Series 2016 9/1/2038 8,020,000 Longmeadow Parkside Community Facilities District No. 1, Series 2023 9/1/2036 4,545,000 Woodcreek West Community Facilities District No. 1, Series 2015 9/1/2030 6,260,000 Placer Valley Sports Complex and Tourism Marketing District, Series 2017 8/5/2037 27,570,000 Stone Point Community Facilites District No. 1, Series 2017 9/1/2028 2,245,000 Stone Point Community Facilities District No. 5, Series 2017 9/1/2036 3,340,000 SVSP Westpark-Federico Community Facilities District No. 1, Series 2019 9/1/2049 7,565,000 SVSP Westpark-Federico Community Facilities District No. 1, Series 2021 9/1/2049 7,970,000 SVSP Westpark-Federico Community Facilities District No. 1, Series 2022 9/1/2052 9,705,000 Villages at Sierra Vista Community Facilities District No. 1, Series 2019 9/1/2049 12,165,000 Villages at Sierra Vista Community Facilities District No. 1, Series 2020 9/1/2049 9,575,000 Villages at Sierra Vista Community Facilities District No. 1, Series 2021 9/1/2051 10,205,000 Villages at Sierra Vista Community Facilities District No. 1, Series 2022 9/1/2052 3,380,000 Villages at Sierra Vista Community Facilities District No. 1, Series 2023 9/1/2053 4,105,000 Westpark Community Facilities District No. 1, Series 2015 9/1/2037 51,875,000 Westbrook Community Facilities District No. 1, Series 2014 9/1/2044 13,210,000 Westbrook Community Facilities District No. 1, Series 2018 9/1/2048 11,110,000 Westb
rook Community Facilities District No. 1, Series 2019 9/1/2049 13,620,000 Westbrook Community Facilities District No. 1, Series 2023 9/1/2051 3,530,000 HP Campus Oaks Community Facilities District No. 1, Series 2016 9/1/2046 17,280,000 Creekview Community Facilities District No. 1, IA #1, Series 2020 9/1/2050 10,765,000 Creekview Community Facilities District No. 1, IA #1, Series 2021 9/1/2051 12,320,000 Creekview Community Facilities District No. 1, IA #2, Series 2023 9/1/2053 14,280,000 Creekview Community Facilities District No. 1, IA #2, Series 2024 9/1/2054 13,805,000 Ranch at Sierra Vista Community Facilities District No. 1, Series 2020 9/1/2050 20,395,000 Ranch at Sierra Vista Community Facilities District No. 1, Series 2021 9/1/2051 13,105,000 Ranch at Sierra Vista Community Facilities District No. 1, Series 2023 9/1/2053 15,970,000 Baseline at Sierra Vista Community Facilities District No. 1, Series 2021 9/1/2051 6,780,000 Torrente at Sierra Vista Community Facilities District No. 1, Series 2023 9/1/2053 7,425,000 Amoruso Ranch Community Facilities District No. 1, IA No. 1, Series 2024 9/1/2054 30,430,000 $ 507,509,000
79

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

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 evaluated pursuant to GASB Statement No. 53, Accounting and Financial Reporting for Derivative Instruments , to determine whether they meet the definition of derivative i nstruments, 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 deemed effective hedges. Under hedge accounting, the increase (decrease) in the fair value of a hedge is reported as a deferred inflow or outflow of resources on the statement of net position. For the reporting period, all of the City’s derivatives are considered effective hedges.

For energy derivatives, fair values 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 amou nts of derivative instru ments outstanding as of June 30, 2025.

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, 2025, are summarized in the next table. The table is a ggregated 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, 2025 are summarized in the table below:

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 tr ansactions 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 associ ated with the decline in the counterparty’s credit worthiness.

Classification Amount Classification Amount Notational Level Effective Cash Flow Hedges
Roseville Natural Gas Financing Authority
Pay Fixed SWAP, Natural Gas Deferred Inflow 1, 622,273$ Deriv ativ e 3,823,468$ 6,469,500 mmBtu remaining 2
Receive Fixed SWAP, Natural Gas Deferred Outflow 2,444,412 Deriv ativ e 19,494,698 75,000-372,000 monthly mmBtu 2
23,318,166$
2025 Change in Fair Value Fair Value, at June 30, 2025
Notational Amount Effective Date Maturity Date Terms Counterparty Rating 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, Pier ce, Fenner & Smith
A+
1/24/2007 1/24/2028 JPMorgan Chase Bank, NA AA-
Type and Objective
Hedge on Cash Flows on prepayment of
20-year supply of Natural Gas
From 75,000 to
372,000 mmBtu per
month
Pay NGI PG&E citygate price; Receiv e
$7.7224 per mmBtu
80

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 11: DERIVATIVE INSTRUMENTS (CONTINUED)

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 i s that the City would lose the hedging benefit of a derivative that becomes subject to a termination 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 at June 30, 2025 of $8,189,736. The City is expecting to eliminate this deficit with future program revenues and transfers from the general fund.

The Golf Fund had a deficit fund balance as of June 30, 2025 of $2,544,047. 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, 2025 of $7,394. 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, 2025 of $2,836,786. The City is expecting to eliminate this deficit through future internal service rates.

The Workers’ Compensation Fund had deficit net position at June 30, 2025 of $2,238,301. The City is expecting to eliminate this deficit through future internal service rates.

The General Liability Fund had deficit net position at June 30, 2025 of $4,934,215. The City is expecting to eliminate this deficit through future internal service rates.

81

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 12: NET POSITION AND FUND BALANCES (CONTINUED)

B. Classifications

Detailed classifications of the City’s Fund Balances, as of June 30, 2025, are below:

Fund Balance Classification General Fund
Community
Facility District
Capital Project
Fund
Non-Major
Governmental
Funds Total
Nonspendable:

Items not in spendable form:

Notes and loans 10,166,351$ -$ -$ 10, 166,351$ Prepaids 105,906 - - 105,906 Advances 9,727,118 - - 9, 727,118 Inventories 655,124 - - 655,124 Subtotal 20,654,499 - - 20, 654,499 Amounts required to be maintained intact:

Permanent funds - - 15, 735,046 15,735,046 Total nonspendable fund balances 20,654,499 - 15, 735,046 36,389,545 Restricted for:

Community facilities districts - 6, 613,085 - 6, 613,085 Landscape and lighting - - 22, 684,939 22,684,939 Street projects - - 24, 123,029 24,123,029 Affordable housing - - 7, 776,108 7,776,108 Technology replacement - - 3, 326,287 3,326,287 Local access television - - 3, 256,760 3,256,760 Public safety services and projects - - 700,473 700,473 Open space
maintenance - - 495,504 495,504 Federal grant programs - - 4, 462,661 4,462,661 Opioid settlement - 746 746 Wildlife preservation - - 1, 598,426 1,598,426 Community development - - 154,330,300 154,330,300 Tree propagation - - 2, 078,733 2,078,733 Aquatics complex maintenance - - 237,815 237,815 Other capital projects - - 5, 662,626 5,662,626 Pension trust 24,138,771 - - 24, 138,771 Total restricted fund balances 24,138,771 6,613,085 230,734,407 261,486,263 Committed to:

Emergency reserve 22,373,948 - - 22, 373,948 Economic stabilization reserve 33,526,643 - - 33, 526,643 Capital projects 37,020,476 - - 37, 020,476 Total committed fund balances 92,921,067 - - 92, 921,067 Assigned to:

Fire operations and supplies 108,192 - - 108,192 Parks and recreation operations 276,235 - - 276,235 Various contracts 220,413 - - 220,413 Building and general rehabilitation projects - - 3, 162,963 3,162,963 Total assigned fund balances 604,840 - 3, 162,963 3,767,803 Unassigned:

General Fund 45,962,328 - - 45, 962,328 Other governmental fund deficit residuals - - (2, 551,441) (2,551,441) Total unassigned fund balances 45,962,328 - (2, 551,441) 43,410,887 Total fund balances 184,281,505$ 6,613,085$ 247,080,975$ 437,975,565$ 82

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

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 that are administered by the California Public Employees’ Retirement Sys tem (CalPERS), which acts as a common investment and administrative agent for its participating 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 the pension plans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website (https://www.calpers.ca.gov).

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 to their beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits, unless all five years of service was earned on or after January 1, 2013 for Miscellaneous members, in which case the member must be at least age 52 to retire. 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 Settl ement 2W Death Benefit. Cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

83

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 13: PENSION PLANS (CONTINUED)

The Plans’ provisions and benefits in effect at the measurement date, are summarized as follows:

Employees Covered – As of the measurement date, the following employees were covered by the benefit terms for each Plan:

Contributions – Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in 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. For the year ended June 30, 2025, the employer contributions recognized as a reduction to the net pension liability for the Miscellaneous Rate Plan and Safety Rate Plan were $36,056,206 and $17,646,567, respectively.

Prior to January 1, 2013 On or after January 1, 2013
Benefit v esting schedule 5 years serv ice 5 years serv ice 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% 14.000% (Police) & 14 .500% (Fire) Required normal employer contribution rates 24.75% 28.200% (Polic e) & 29.230% (Fire) Required employer payment of unfunded liability $10,367,791 $ - Prior to January 1, 2013 On or after January 1, 2013
Benefit v esting schedule 5 years serv ice 5 years serv ice 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% 7.750%
Required normal employer contribution rates 11.490% 15.590% Required employer payment of unfunded liability $27,422,141 $ - Safety
Hire date
Miscellaneous
Hire date
Miscellaneous Safety
Inactive employees or beneficiaries currently receiving benefits1 , 0 6 2 289 Inactiv e employees entitled to but not yet receiv ing benefits 1, 181 104 Activ e employees 1,173 249
Total 3,416 642
84

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

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, 2024, using an annual actuarial valuation as of June 30, 2023, rolled forward to June 30, 2024. The net pension liability and related deferred outflows/inflows of resources are liquidated by the fund that h as recorded the liability. The long-term portion of governmental activities net pens ion liability is liquidated pri marily by the General Fund. A summary of principal assumptions and methods used to determine the net pension liability is described below and in the following pages.

Actuarial Assumptions – The total pension liabilities in the June 30, 2023 actuarial valuations were determined using the following actuarial assumptions:

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 rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. In determining the long-term expected rate of return on pension plan investments, CalPERS took into a ccount both short- and long-term market return expectations as well as the expected pension 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’ asset classes, expected co mpound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equivalent to the single equivalent rate calculated above and rounded down to the nearest one quarter of one percent.

Valuation Date June 30, 2023
Measurement Date June 30, 2024
Actuarial Cost Method Entry Age Normal Cost Method
Discount Rate 6.90%
Inflation 2.30%
Payroll Growth 2.80%
Projected Salary Increase Varies by entry age and service Investment Rate of Return 6.80% (1)
Mortality (2) Derived using CalPERS’
Membership Data for all funds
(2) The mortality table used was developed based on CalPERS-specific data.T h e probabilities of mortality are based on the 2021 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.
(1) Net of Pension Plan Inv estment and Administrativ e Expenses; includes inflation Actuarial Assumptions
85

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 13: PENSION PLANS (CONTINUED)

The table below reflects the long-term expected real rate of return by asset class. The rate of return was calculated using the same capital market assumptions that CalPERS used to determine the discount rate and asset allocation.

These geometric rates of return are net of administrative expenses.

Discount Rate – The discount rate used to measure the total pension liability was 6.90 percent for each plan. The projection of cash flows used to determine the discount rate assumed that employee contributions will be made at the current contribution rate and that the City’s contributions will be made at rates equal to the difference between actuarially determined contribution 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 of projected benefit payments to determine the total pension liability.

Asse t Cla ss 1
Assume d
Asse t
Allocation
Real
Return 1,2
Global Equity - Cap-weighted 30.0% 4.54%
Global Equity - Non-Cap-weighted 12.0 3.84
Private Equity 13.0% 7.28
Treasury 5.0 0.27
Mortgage-backed Securities 5.0 0.50
Inv estment Grade Corporates 10.0 1.6%
High Yield 5.0 2.27
Emerging Market Debt 5.0 2.48
Private Debt 5.0 3.57
Real Assets 15.0 3.21
Leverage -5.0 -0.59
2 Figures are based on the 2021-22 Asset Liability Managem 1 An expected inflation of 2.30% used for this period.
86

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

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, 2024 follows:

Miscellaneous Plan:

Total Pension
Liability (a)
Plan Fiduciary
Net Position (b)
Net Pension
Liability
(a) - (b) = (c)
Balances as of June 30, 2023 (Measurement Date) 905,004,451 $ 578,443,228$ 326,561,223$ Changes for the year:

Service cost 20,215,124 - 20, 215,124 Interest on total pension liability 62,619,508 - 62, 619,508 Changes in assumptions - - - Differences between expected and actual experience 14,744,596 - 14, 744,596 Contribution - employer - 36, 056,206 (36, 056,206) Contribution - employee - 9, 124,471 (9, 124,471) Net inv estment income - 56, 196,054 (56, 196,054) Benefit payments, including refunds of employee contributions (4 4,655,028) (44, 655,028) - Administrative expenses - ( 470,681) 470,681 Net changes 52,924,200 56, 251,022 (3, 326,822) Balances as of June 30, 2024 (Measurement Date) 957,928,651 $ 634,694,250$ 323,234,401$ Safety Plan:

Total Pension
Liability (a)
Plan Fiduciary
Net Position (b)
Net Pension
Liability
(a) - (b) = (c)
Balances as of June 30, 2023 (Measurement Date) 458,320,977 $ 323,045,861$ 135,275,116$ Changes for the year:

Service cost 11,605,594 - 11, 605,594 Interest on total pension liability 32,098,308 - 32, 098,308 Changes in assumptions - - - Differences between expected and actual experience 11,745,081 - 11, 745,081 Contribution - employer - 17, 646,567 (17,646,567) Contribution - employee - 3, 995,156 (3,995,156) Net inv estment income - 31, 180,902 (31,180,902) Benefit payments, including refunds of employee contributions (2 1,351,983) (21,351,983) - Administrative expenses - ( 262,863) 262,863 Net changes 34,097,000 31,207,779 2,889,221 Balances as of June 30, 2024 (Measurement Date) 492,417,977 354,253,640 138,164,337 Total of both miscellaneous and safety plans 1,450,346,628$ 988,947,890$ 461,398,738$ Increas e(Decreas e)
Increas e(Decreas e)
87

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 13: PENSION PLANS (CONTINUED)

Sensitivity of the Net Pension Liability to Changes in the Discount Rate – The following presents the net pension liability for each plan, calculated using the discount rate, as well as what the City’s net pension liability would be if the rate were 1-percentage-point lower or higher:

Pension Plan Fiduciary Net Position – Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports th at can be found on the CalPERS website (https://www.calpers.ca.gov).

Pension Expense and Deferred Outflows/Inflows of Resources Related to Pensions

For the year ended June 30, 2025, the City recognized pension expense of $52,489,931 in the Miscellaneous Plan and $25,606,189 in the Safety Plan. At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Miscellaneous Safety Total
1% Decrease 5.90% 5.90% 5.90%
Net Pension Liability 453,000,576$ 211,402,793$ 664,403,369$ Current Discount Rate 6.90% 6.90% 6.90%
Net Pension Liability 323,234,401$ 138,164,337$ 461,398,738$ 1% Increase 7.90% 7.90% 7.90%
Net Pension Liability 216,108,360$ 78,860,932$ 294,969,292$ Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 40,283,930$ - $ Changes of assumption 7,379,328 -
Difference between expected and actual experience 19,438,745 - Net difference between projected and actual earnings
on plan investments 8,196,369 -
Total 75,298,372 $ - $
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 25,820,052$ - $ Changes of assumption 5,786,446 -
Difference between expected and actual experience 15,240,073 1,192,281 Net difference between projected and actual earnings
on plan investments 4,604,019 -
Total 51,450,590 1,192,281
Total Primary Government 126,748,962 $ 1,192,281 $ Safety
Miscellaneous
88

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 13: PENSION PLANS (CONTINUED)

The amount of $40,283,930 in the Miscellaneous Plan and $25,820 ,052 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 year ended June 30, 2026. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

NOTE 14: OTHER POST EMPLOYMENT BENEFITS

Plan Description

The City provides medical benefits to substantially all retiree s under the City of Roseville Retiree Healthcare Plan (Plan), a sole employer defined benefit healthcare plan administered 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 Cit y of Roseville Accounting Division at 311 Vernon Street, Roseville, California 95678.

Benefits Provided –The Plan provides medical, dental, and vision insurance benefi ts 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:

Contributions – The contribution requirements of plan members and the City are established and may be amended by the City Council. The funding policy adopted by the City Cou ncil requires a minimum contribution of the actuarially determined contribution amount. For the year ended June 30, 2025, the City contributed $13,432,052 to the Plan.

Year ended June 30: Miscellaneous Safety Total primary
2026 15,191,098$ 6,766,993$ 21,958,091$
2027 21,950,705 14,260,285 36,210,990
2028 1,134,845 3,031,973 4,166,818
2029 (3,262,206) 379,006 (2,883,200)
35,014,442$ 24,438,257$ 59,452,699$
Deferred Outflows
Number of Covered
Participants
Activ e 1,523
Inactive employees or beneficiaries currently receiving benefits9 0 1 Inactiv e employees entitled to, but not yet receiv ing benefits 1 16 Total 2,540
89

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 14: OTHER POST EMPLOYMENT BENEFITS (CONTINUED)

Net OPEB Liability

The City’s net OPEB liability was measured as of June 30, 2025, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of June 30, 2023. The net OPEB 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 OPEB liability is liquidated primarily by the General Fund.

Actuarial Assumptions – The total OPEB liability in the June 30, 2023 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

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.

Valuation Date June 30, 2023
Measurement Date June 30, 2025
Contribution Policy City contributes full ADC
Discount Rate 6.25%
Expected Long-Term Rate of Return 6.25% - expected City contributions projected to keep sufficient plan assets to pay all benefits from trust
General Inflation 2.50%
Mortality, Retirement, Disability,
Termination
CalPERS 2000-2019 Experience Study
Mortality Improvement Mortality projected fully generational with Scale MP-2021 Salary Increases Aggregate 2.75%
Merit - CalPERS 2000-2019 Experience Study
Medical Trend Non-Medicare - 7.90% for 2026, decreasing to an ultimate rate of 3.45% in 2076
Medicare (Non-Kaiser) - 6.90% for 2026, decreasing to
an ultimate rate of 3.45% in 2076
Medicare (Kaiser) - 5.65% for 2026, decreasing to an
ultimate rate of 3.45% 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%
Target
Allocation
Expected Real
Rate of Return
52% 4.56%
5% 7.09%
33% 0.78%
5% 4.38%
5% 4.03%
100%
Assumed long-term rate of inflation 2.50%
Expected Long-Term Net Rate of Return, Rounded 6.25%
Asset Class Component
Global Equity
Private Debt
Real Assets
Priv ate Equity
Fixed Income
90

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 14: OTHER POST EMPLOYMENT BENEFITS (CONTINUED)

Discount rate – The discount rate used to measure the total OPEB liability was 6.25 percent. The projection of cash flows used to determine the discount rate assumed that City con tributions will be made at rates equal to the actuarially determined contribution rates. Based on those assumptions, the OPEB plan’s fiduciary net position was projected to 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

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 (5.25 pe rcent) or 1 percentage point higher (7.25 percent) than the current discount rate:

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:

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.

Total OPEB
Liability (a)
Fiduciary Net
Position
Net OPEB
Liability
Balances as of June 30, 2024 (Measurement Date) 232,715,534 $ 159,237,881 $ 73,477,653 $ Changes for the year:

Service cost 4,492,324 - 4,492,324 Interest on total pension liability 14,437,618 - 14,437,618 Differences between expected and actual experience - - - Changes in assumptions - - - Contribution - employer* - 13,432,052 (13,432,052) Net inv estment income - 17,708,370 (17,708,370) Benefit payments, including refunds of employee contributions (12,411,945) (12,411,945) - Administrative expenses - (21,164) 21,164 Net changes 6,517,997 18,707,313 (12,189,316) Balances as of June 30, 2025 (Measurement Date) 239,233,531$ 177,945,194$ 61,288,337$ * Contributions to the trust of $13,432,052 plus $10,091,945 cash benefit payments and $2,320,000 implicit subsidy benefit payments by the City.

Discount Rate - 1% Current Discount Rate Discount Rate + 1% (5.25%) (6.25%) (7.25%)
Net OPEB Liability 92,216,112$ 61,288,337$ 35,715,859$ 1% Decreasing Current Healthcare Trend 1% Increasing
(5.5% decreasing Rate (6.5% decreasing (7.5% decreasing to 2.75%) to 3.75%) to 4.75%)
Net OPEB Liability 38,036,061$ 61,288,337$ 84,424,211$ 91

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

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, 2025, the City recognized OPEB expense of ($211,387) At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB w ill be recognized in OPEB expense as follows:

NOTE 15: RISK MANAGEMENT

The City manages risk of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters by participating 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 California. As separate legal entities, those entities exercise full powers and authorities within the scope of the related Joint Powers Agreements including the prep aration 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 representatives from member agencies. Each board controls the operations of the respective risk pool, including selection of management and approval of operating budgets, independent of any influence by member agencies 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.

Deferred Outflows Deferred Inflows
of Resources of Resources
Difference between expected and actual experience 9,434,495$ 14,143,432$ Change of assumptions 2,649,512 14,043,517 Net difference between projected and actual earnings
on pension plan investments - 7,547,845 Total 12,084,007$ 35,734,794$
Year ended June 30:

Deferred Outflows/
(Inflows) of Resources
2026 (4,887,419)$
2027 (9,056,085)
2028 (6,993,218)
2029 (4,222,759)
2030 887,469
Thereafter 621,225
(23,650,787)$
92

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 15: RISK MANAGEMENT (CONTINUED)

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 losses. Once the City’s self-insured retention (SIR) is met, CJPRMA becomes responsible for payment of all claims up to the limit. Financial statements for the risk pool and more information may be obtained from CJPRMA, 3201 Doolan Road, Suite 285, Livermore, California 94551.

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 $4,553,443.36.

Property Coverage

CJPRMA has purchased commercial insurance against property damage, boiler and machinery claims. The City has a SIR of $250,000 per claim up to a $400,000,000 limit. The City’s premium for coverage is $1,387,443.73.

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 $2,021,026.52.

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 $38,754.00.

Workers’ Compensation

The City is also a member of the Local Agency Workers’ Compensation 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 1,428,769.00.

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 municipalities 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.
93

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 15: RISK MANAGEMENT (CONTINUED)

The change in the Workers’ Compensation Internal Service Fund’s claims liability, including claims incurred but not reported, and allocated loss adjustment expenses, is based on an independent actuarial study prepared annually and was computed as follows for the years ended June 30:

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 is based on an independent actuarial study prepared annually and was computed as follows for the years ended June 30:

NOTE 16: NORTHERN CALIFOR NIA 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 Powers 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 from 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 a cquisition and use of electrical generation and transmission facilities, and to optimize the use of those facil ities 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 those 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, comprised 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. 2025 2024
Claims liability, beginning of year 13,100,501$ 10,672,647 $ Current year claims 4,828,000 4,854,000
Change in prior year claims (84,207) 1,906,241 Claims paid, current year claims (669,908) (391,144) Claims paid, prior year claims (3,099,900) (3,941,243) Claims liability, end of year 14,074,486 13,100,501 Current claims liabilities 4,198,852 $ 4,192,160 $ 2025 2024
Claims liability, beginning of year 3,832,930$ 4,776,215 $ Current year claims 2,413,000 1,672,000
Change in prior year claims 692,817 (600,187) Claims paid, current year claims (281,237) (354,252) Claims paid, prior year claims (659,832) (1,660,846) Claims liability, end of year 5,997,678 3,832,930 Current claims liabilities 1,461,203 $ 1,090,853 $ 94

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 16: NORTHERN CALIFORNIA POWER AGENCY (NCPA) (CONTINUED)

In the fiscal year ending June 30, 2025, the City had expenses totaling $8,793,791 from resource contracts and the sale of energy generated by NCPA.

The City’s interest in certain NCPA Projects and Reserve, as computed by NCPA using audited information, is set forth below:

The General Operating Reserve represents the City’s portion of funds which resulted from the settlement with third parties of issues with financial consequences and reconciliations of several prior years’ budgets for programs. It is recognized that all the 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 ratepayers 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 property taxes for the geothermal project. The Commission also identified a number of contingent liabilities that 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 has left them 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 financ e other projects of NCPA without the member’s permission.

B. Projects

Geothermal Projects

NCPA’s Geothermal Project has experienced a greater than originally anticipated decline in steam production from geothermal wells on its leasehold property. NCPA will continue to monitor the wells while pursuing alternatives for improving and extending reservoir performance, including supple mental water reinjection, plant equipment modifications, and changes in operating methodology. NCPA, along with other steam field operators, has observed a substantial increase in steam production in the vicinity of r einjection wells and is attempting to increase water reinjection at strategic loca tions. NCPA, together with other s team 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.

June 30, 2025
General operating reserve (including advances) 5,618,599 $ Associated member services (including advances) 116,313 Undiv ided equity interest, at cost, in certain NCPA power projects:

Geothermal projects 1,107,007
Calveras hydroelectric project 337,938
Combustion turbine project no. 2 19,535
7,199,392$
95

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 16: NORTHERN CALIFORNIA POWER AGENCY (NCPA) (CONTINUED)

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 will continue to be able to operate their electric utilities on a competitive basis, when compared to local investor-owned utility rates, while meeting all electric system obligations including those to NCPA. In March 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 Number 2. In 2012, NCPA issued $12,910,000 Geothermal Project Number 3 Revenue Bonds to facilitate turbine upgrades (2012 Series A) for Plant Number 1. In 2016, NCPA refinanced a portion of the outstanding Geothermal Project Number 3 Revenue Bonds by the issuance of the $17,530,00 Fixed Rate Geothermal Project Number 3 Revenue Bonds (2016 Refunding Series A). 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 energy. At June 30, 2025 the book value of this Project’s plant, equipment and other assets was $138,069,195 while its long-term debt was fully paid off on July 1, 2024 and other liabilities totaled $124,032,515.

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 included as pa rt 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% return on the investment over a ten year period. As of June 30, 2018 the City was paid in full.

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 February 1990 when the project was declared substantially complete and power was delivered to the participants.

Under its power purchase agreement with NCPA, the City is obligated to pay 12 percent of this Project’s debt service and operating costs. In March 2018, NCPA refunded a portion of the outstanding Revenue Bonds with the $70,215,000 2018 Hydroelectric Project Number One Revenue Bonds . The City’s share of the 2018 bonds is

4.586 percent. In April 2019, NCPA refunded a portion of the outstanding Revenue Bonds with the $39,250,000 2019 Hydroelectric Project Number One Revenue Bonds. In April 2022, NCPA refunded a portion of the outstanding Revenue Bonds with the $132,310,000 2022 Hydroelectric Project Number One Revenue Bonds. As of June 30, 2024, the balance of the 2019 Hydroelectric Project Number One Revenue Bonds was fully paid. At June 30, 2025 the book value of this Project’s plant, equipment and other assets was $ 211,537,450 while its long-term debt totaled $143,859,682 and other liabilities totaled $64,861,611. The City’s share of the Project’s long-term debt amounted to $17,293,162 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 substantially complete on April 23, 1996. In October 1992, NCPA issued $152,320,000 of Multiple Capital Facilities Revenue Bonds to finance this project. In January 2010, NCPA refinanced the outstanding Capital Facilities Revenue Bonds by the issuanc e of the $55,120,000 Capital Facilities Revenue Bonds Series A (2010 Refunding Series A). In December 2019, NCPA refinanced the outstanding Capital Facilities Revenue Bonds by the issuance of the $20,450,000 Capital Facilities Revenue Bonds Series A (2019 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 deb t 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 ob
ligated to pay 17.9218 percent of the natural gas purchase contract. 96

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 16: NORTHERN CALIFORNIA POWER AGENCY (NCPA) (CONTINUED)

At June 30, 2025 the book value of this Project’s plant, equipm ent and other assets was $6,151,518, while its long-term debt was fully paid off on August 1, 2024 and other liabilities totaled $6,097,998.

C. NCPA Financial Information

NCPA’s financial statements can be obtained from NCPA, 651 Commerce Drive, Roseville, California 95678.

NOTE 17: 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 pur pose of SPWA is to provide f or the planning, financing, acquisition, construction and operation of the Regional Wastewater Facilities. Under the terms of the amended and restated funding agreement, effective October 1, 2012, the City will own and operate the Regional Wastewater Facilities and the member agencies will share the operating costs of the Facilities after construction is complete.

The Regional Wastewater Facilitie s include the Dry Creek Plant and the Pleasant Grove Plant.

Under the terms of the Reallocation and Repayment Agreement, effective October 1, 2012, the three agencies are responsible for the repayment of all the revenue bonds. The City’s share of this obligation is 64.57 percent.

During the year ended June 30, 2025, the City paid $22,741,777 to SPWA based on connection fees collected during the fiscal year.

The City records net investment in SPWA in the Wastewater Enterprise Fund and these changes are reflected in the Statement of Revenues, Expenses and Changes in Fund Net Position. The net investment in SPWA captures the City’s portion of cash, investments, long term debt and other r elated items. The City’s net investment in SPWA Reserves at June 30, 2025, was an asset of $34,083,270, wh ich includes the City’s rate stabilization fund balance of $136,767,401.

SPWA’s financial statements can be obtained from the City of Ro seville, 311 Vernon Street, Roseville, California, 95678.

NOTE 18: MUNICIPAL SOLID WASTE LANDFILL CLOSURE AND POST CLOSUR E CARE COSTS

State and federal laws and regulations require the City to perform maintenance and monitoring functions at the Roseville sanitary landfill site, which is closed, for a period of not less than thirty years after the closure of the landfill.

The City updated its liability for estimated future landfill po st closure care costs in fiscal year 2025 based on new contracts to maintain compliance with state and local laws and regulations. The estimate may change due to factors such as inflation or deflation, new technology, or changes in applicable laws and regulations. As of June 30, 2025, the City’s liability for estimated future landfill post closure care costs, reported in the Waste Services Operations Fund, is $3,066,000.

NOTE 19: COMMITMENTS AND CONTINGENT LIABILITIES

A. NCPA, Transmission Agency of Northern California, and Western Area Power Administration

Under the terms of its NCPA join t venture agreement, the City i s contingently liable for a portion of the bonded indebtedness issued by these agencies under take-or-pay or simi lar agreements, as discussed in Note 16. The City’s estimated share of such debt outstanding at June 30, 2025 was $17,263,162. 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 of these joint ventures on behalf of the other participants.
97

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 19: COMMITMENTS AND CONTINGENT LIABILITIES (CONTINUED)

The City is a member of the Transmission Agency of Northern California (TANC), a joint powers agency. The City is entitled to 2.14 percent of TANC’s share of the California-Oregon Transmission Project (COTP) transfer capability (approximately 31MW). In return, the City has agreed to pay 2.14 percent of the construction costs of the COTP, including 2.32 percent of aggregate debt service, and 2.14 percent of TANC’s COTP operating and maintenance expenses. The City’s share of annual debt service continues to the year 2039 and is approximately $346,000 per year.

The City’s estimated share of debt outstanding at June 30, 2025 was $3,471,507. Also, TANC established a line of credit in August 2024. In November 2021, TANC approved a 20-ye ar capital replacement plan for the COTP. In August 2024, TANC approved the execution and delivery of a Credit Agreement with JPMorgan Chase Bank, National Association, establishing a line of credit pursuant to which TA NC may borrow, pay down, refund and re-borrow, through the issuance and sale from time to time of short term v ariable rate notes (“TANC short term notes”), an aggregate amount outstanding at any time of up to $120,000,000 for the purpose of financing improvements to the COTP on an interim basis. TANC executed the TANC Credit Agreement in September 2024. As of June 30, 2025, $91,700,000 million principal amount of TANC short-term notes were outstanding under the TANC Credit Agreement.

The City's estimated share principal amount outstanding at June 30, 2025 was $2,100,000.

The City has various long-term contracts with WAPA that provide energy, interconnection, and transmission services.

Under its Base Resource Contract in place from 2005 through 2024, the City had a 4.85333% share of the Base Resource output of the Central Valley Project (the “CVP”), which provided varying amounts of capacity and energy annually depending upon hydrological conditions. In an average year, the Base Resource product provided the City with approximately 54 MW of capacity during peak summer months and 155 gigawatt-hours (GWh) of annual energy.

The City negotiated a new contract beginning January 1, 2025 with an allocation of 4.76605% that continues through December 31, 2054, which provides the City with approximately 59 MW of capacity. The City is directly connected to WAPA’s transmission system and acquires network transmission service from WAPA, as well as reserves that include regulation, frequency response, and operating reserves.

B. Federal and State Grant Programs

The City participates in Federal and State grant programs. Thes e programs have been audited by the City’s independent accountants in accordance with the provisions of th e federal Single Audit Act as amended and applicable State requirements. No cost disallowances were propo sed 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.

98

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 19: COMMITMENTS AND CONTINGENT LIABILITIES (CONTINUED)

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 expendi tures or liabilities. Outstanding encumbrances at year-end may be re-appropriated for the following year. Unencum bered and unexpended appropriations lapse at year-end. Encumbrances outstanding as of June 30, 2025, by individual major funds and non-major funds in total were as follows:

E. Other Commitments

The City had the following outstanding significant commitments at June 30, 2025:

Major Governmental Funds:

General Fund 18,042,630 $
CFD Capital Project Fund 290,243
Non-Major Governmental Funds 15,955,439
Total Encumbrances 34,288,312 $
Projects
Amount
(in millions)
Purchase Contracts:

Roseville Energy Park Long Term Service Agreement 22.9 $ Net Power Purchase Contracts 30.9
Net Natural Gas Forward Obligations 22.7
Renewable Power Purchase Obligations 56.9
SWAP Contracts:

Forward Contract, Power (1) 5.6
Forward Contract, Natural Gas (1) 9.6
Projects:

Utility Operations Center- Phase 1 15.2
Aquifer Storage and Recovery Wells 13 Campus Oaks and 19 Misty Wood 15.1 Dry Creek Greenway East Trail Phase 1 10.7
Electric - Rosev ille Power Plant 2 Repower 9.5
Police Department Expansion design and construction 9.5 Purchase of Seven New Zero Emission Commuter Buses 8.6
Costco Economic Incentive Agreement 7.8
Water Treatment Plant Two Million Gallon Tank Rehabilitation 7.4 DCWWTP Motor Control Center and Switchgear Replacement 7.2 South Placer County Express Bus Service - Capital 6.7
Soccer Complex 6.7
Pleasant Grov e Stormwater Retention Facility 5.7
Dry Creek Operations and Laboratory Building 5.1
DCWWTP Biofilter System Rehabilitation 4.5
South Placer County Express Bus Service - Operating 4.4 Sun City Roadway Resurfacing 4.1
Utility Operations Center - Phase 2 4.0
99

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 19: COMMITMENTS AND CONTINGENT LIABILITIES (CONTINUED)

(1) The City enters into contracts to hedge its exposure to power and natural gas price fluctuations and to procure energy supplies. These forward contracts for both power and natural gas are intended to stabilize future costs and reduce the impact of market vola tility. The net fair value of these contracts represents the difference between the contract price and the prevailing market price as of the reporting date. Net fair values are estimated by comparing contract prices to forward market prices quoted by third party market participants or provided in relevant industry publications. A negative net fair value indicates a favorable market condition. Conversely, a positive net fair value represents an unfavorable market condition.

NOTE 20: 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 electri city. In pursuit of that objective the City and its component unit, the former City of Roseville Redevelopment 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 Revenue Bonds, Series 2007 (the Bonds) to prepay Merrill Lynch Commodities, Inc. (Gas Supplier) for a twenty year supply of na tural gas. Commencing January 1, 2008, and continuing through December 31, 2027, the Gas Supplier is obligated to deliver daily contract quantities of na tural gas on a firm basis to the designated 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-perf ormance by the Supplier. The Agreement will automatically terminate if there is a termination of the Commodity Swap (See Note 21 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 agreement are guaranteed by its parent company, Merrill Lynch & Co. Inc. under a guarantee agreement with the Authority.

As of June 30, 2025, the book value of prepaid gas under this agreement amounted to $45,847,175.

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 optional 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, Merrill Lynch & Co. Inc. under a guarantee agreement with the Authority.

There were no advances outstanding as of June 30, 2025.

100

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 20: GAS SUPPLY ACQUISITIONS AND RESALE (CONTINUED)

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 reven ue 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 payment 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 Suppl y Agreement, the Authority w ill 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 price paid by the City under the Supply Agreement.

The monthly quantity and term of the Commodity Swap Agreement are matched to those of the Supply Agreement.

Detail of the commodity swap agreement is discussed in Note 11.

NOTE 21: 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, which 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.

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 t he 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 Successor are reported in the Low and Moderate Income H ousing Assets Special Revenue Fund as the City has control of those assets, which may be used in accordan ce 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 R edevelopment Agency’s remaining assets were distributed to and liabilities were assumed by the Successor Agency.

The activities of the Successor Agency are reported in the Succ essor Agency to the Redevelopment Agency Private-Purpose Trust Fund as the activities are under the cont rol of an 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.

101

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 21: REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (CONTINUED)

B. Cash and Investments

Cash and investments of the Successor Agency as of June 30, 202 5, are included in the pooled cash and investments discussed in Note 2.

C. Long-Term Obligations

The Successor Agency assumed t he long-term debt and loans of th e Redevelopment Agency as of February 1, 2012. All of the long-term debt of the Successor Ag ency is comprised of Tax Allocation Bonds and loans issued by the Redevelopment Agency. The Bonds and Loans a re special obligations of the Agency and are secured only by the Agency’s tax increment revenues. Tax Allocation Bond and loan transactions were as follows:

1. Debt Service Requirements

Debt service requirements are s hown 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.

2. 2014 Roseville Re development Project 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 payments 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.

Tax Allocation Bonds:

Balance
June 30, 2024 Additions Reductions
Balance
June 30, 2025 Current Portion
2014 Redevelopment Project Taxable Tax Allocation

2.00% - 5.00%, due 9/1/33 6,320,000$ -$ 580,000$ 5,740,000$ 610,000$ Add: bond premium 286,250 - 28,625 257,625 - 2016-T Redevelopment Project Taxable Tax Allocation

1.02% - 4.066%, due 9/1/40 18,695,000 - 445,000 18,250,000 465,000 Total Tax Allocation Bonds 25,301,250 - 1, 053,625 24,247,625 1,075,000 Loans from the City 11,541,355 - 3, 692,159 7,849,196 1,146,305 Total 36,842,605$ -$ 4, 745,784$ 32,096,821$ 2,221,305$ For the Year Ending June 30 Principal Interest
2026 1,075,000 $ 875,889 $
2027 1,115,000 835,194
2028 1,155,000 795,065
2029 1,185,000 757,602
2030 1,260,000 716,889
2031-2035 7,185,000 2,875,253
2036-2040 8,995,000 1,342,713
2041-2045 2,020,000 41,067
Total 23,990,000 $ 8,239,672 $
102

CITY OF ROSEVILLE, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025

NOTE 21: REDEVELOPMENT AGENCY DISSOLUTION AND SUCCESSOR AGENCY ACTIVITIES (CONTINUED)

3. 2016-T Roseville Redevelopment Project Tax Allocation Bonds

On July 19, 2016, the Rosev ille 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 September 1 and March 1, commencing on September 1, 2017 through September 1, 2040.

4. Loans from the City

Prior to July 1, 2011, the former Redevelopment Agency had received various advances from various City funds.

With the dissolution of the Agency effective February 1, 2012, the Successor Agency assumed the balance of the obligation to repay the advances and recorded a notes payable t o the Low and Moderate Income Housing Asset Fund equal to twenty percent of the balance of the advances. Th e principal balance of the loans as of June 30, 2025, is $7, 849,196.

NOTE 22: RESTATEMENTS OF BEGINNING BALANCES

During the current year, the City implemented GASB Statement No . 101, Compensated Absences. The effects of the change in accounting principle on net position are summarized in the “Restatement - GASB 101 Implementation” column in the table below.

NOTE 23: SUBSEQUENT EVENTS

The City received a one-time clean energy tax credit payment, p rimarily for improvements at the Pleasant Grove Wastewater Treatment Plant, in November 2025 totaling $31,247,747 from the federal government provided by the Inflation Reduction Act. Under the terms of the City’s 2020 SRF Loan, the amount collected must be used to repay the state loan program. And, under the City’s loan agreement with SPWA, whereby SPWA pays the City the debt service costs of the 2020 SRF loan, the loan receivable from SPWA will be reduced correspondingly.

June 30, 2024 Restatement -
As Previously GASB 101 June 30, 2024
Reported Implementation As Restated
Government-wide
Gov ernmental activ ities 1,655,391,291$ 2,167,239 $ 1,657,558,530$ Business-type activ ities 2,292,010,902 1,189,608 2,293,200,510 Total government-wide 3,947,402,193$ 3,356,847 $ 3,950,759,040$ Proprietary funds
Major funds
Electric 555,554,192 $ 623,630 $ 556,177,822$ Water 781,731,470 153,924 781,885,394 Wastewater 873,727,153 252,041 873,979,194 Waste Services 33,313,334 93,552 33,406,886 Roseville Natural Gas 2,628,607 - 2,628,607 Nonmajor proprietary funds 45,056,146 66,461 45,122,607 Internal Service Funds 168,994,062 201,531 169,195,593 Total proprietary funds 2,461,004,964$ 1,391,139 $ 2,462,396,103$ 103

7+,63$*(,17(17,21$//</()7%/$1.
104

REQUIRED SUPPLEMENTARY INFORMATION

105

7+,63$*(,17(17,21$//</()7%/$1.
106

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual General Fund
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Taxes 185,862,000$ 185,862,000$ 189,700,942$ 3,838,942$ Licenses and Permits 4,221,598 4,221,598 4,723,974 502,376 Subventions and grants 286,993 254,991 1,155,802 900,811 Charges for Services 24,011,948 22,791,609 22,357,106 (434,503) Use of Money and Property 4,552,630 4,552,630 11,736,429 7,183,799 Fines, forfeitures and penalties 191,000 191,000 347,974 156,974 Contributions from developers and others 238,500 238,500 263,724 25,224 Miscellaneous revenues 1,275,225 2,938,164 3,353,209 415,045 Total revenues 220,639,894 221,050,492 233,639,160 12,588,668

EXPENDITURES
Current:

General government 28,708,221 31,044,573 30,073,055 971,518 Police 63,475,929 64,417,502 64,406,710 10,792 Fire 49,806,215 49,393,426 49,254,884 138,542 Economic development 1,000,672 1,055,672 954,099 101,573 Parks and recreation 32,569,453 32,815,425 30,843,265 1,972,160 Public works 12,230,428 12,542,587 10,839,271 1,703,316 Library 6,143,373 6,143,373 6,025,044 118,329 Development services 20,963,309 20,594,363 18,425,985 2,168,378 Annexation payment 12,908,900 12,112,381 11,795,813 316,568 Capital outlay 51,911,542 62,877,323 27,184,241 35,693,082 Debt service:

Interest expense and fiscal charges - - 59,474 (59,474) Total expenditures 279,718,042 292,996,625 249,861,841 43,134,784 Excess (deficiency) of revenues
over (under) expenditures (59,078,148) (71,946,133) (16,222,681) 55,723,452

OTHER FINANCING SOURCES (USES)
Transfers in 22,415,712 24,179,280 18,778,990 (5,400,290) Transfers out (9,040,879) (9,689,528) (6,089,526) 3,600,002 Proceeds for sale of capital assets - - 7,440 7,440 Total other financing sources (uses) 13,374,833 14,489,752 12,696,904 (1,792,848) Net change in fund balances (45,703,315)$ (57,456,381)$ (3,525,777) 53,930,604$ Fund balances-beginning 187,807,282
Fund balances-ending 184,281,505$
107

CITY OF ROSEVILLE, CALIFORNIA
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
12,377,311$ 7,650,925$ 12,872,902$ 7,764,644$ 38,106,634 18,851,867 40,468,522 20,340,470 (1,796,891) (4,348,535) 316,698 3,415,651 (9,697,397) (5,162,388) - - - - - - (19,339,004) (9,908,333) (21,009,168) (11,124,582) Net change in total pension liability 19,650,653 7,083,536 32,648,954 20,396,183 Total Pension Liability-beginning 513,101,070 257,069,269 532,751,723 264,152,805 Total Pension Liability-ending (a) 532,751,723$ 264,152,805$ 565,400,677$ 284,548,988$ Plan Fiduciary Net Position
3,810$ (26,514)$ (386)$ -$ 15,901,790 9,010,440 17,491,938 9,590,596 5,785,312 2,299,042 6,323,610 2,418,065 7,885,768 4,110,266 1,875,529 906,270 (19,339,004) (9,908,333) (21,009,168) (11,124,582) (401,772) (210,832) (217,443) (114,150) - - - - Net change in plan fiduciary net position 9,835,904 5,274,069 4,464,080 1,676,199 Plan Fiduciary Net Position-beginning 346,951,083 182,026,076 356,786,987 187,300,145 Plan Fiduciary Net Position-ending (b) 356,786,987$ 187,300,145$ 361,251,067$ 188,976,344$ Net pension liability-ending (a) - (b) 175,964,736$ 76,852,660$ 204,149,610$ 95,572,644$ Plan fiduciary net position as a percentage of the total pension liability 66.97% 70.91% 63.89% 66.41% Covered payroll 70,574,246$ 25,172,485$ 74,134,013$ 26,276,305$ Net pension liability as a percentage of covered payroll 249.33% 305.30% 275.38% 363.72% Notes to Schedule:

Benefit Changes: The figures above generally include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

Changes of Assumptions: There were no assumption changes in 2023 or 2024. Effective with the June 30, 2021, valuation date (June 30, 2022, measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. In addition, demographic assumptions and the price inflation assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement dates June 30, 2017, through June 30, 2021, and 7.65% for measurement dates June 30, 2015, through June 30, 2016.

Service Cost
Interest on total pension liability
Differences between expected and actual experience
Changes in assumptions
June 30, 2015
2017
June 30, 2016
Administrative expenses
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)
2016
Change in benefit terms
108

Miscellaneous Safety Miscellaneous Safety Miscellaneous Safety 14,861,538$ 9,405,915$ 15,197,311$ 8,932,221$ 14,927,042$ 9,116,368$ 42,476,046 21,361,661 44,939,359 22,591,319 47,819,167 23,857,020 (3,545,559) (4,417,042) 8,065,105 5,319,784 9,146,285 (140,829) 36,462,156 19,842,134 (5,705,470) (6,138,658) - - - - - - - - (23,354,942) (11,825,080) (27,471,425) (13,202,641) (30,270,138) (14,342,692) 66,899,239 34,367,588 35,024,880 17,502,025 41,622,356 18,489,867 565,400,677 284,548,988 632,299,916 318,916,576 667,324,796 336,418,601 632,299,916$ 318,916,576$ 667,324,796$ 336,418,601$ 708,947,152$ 354,908,468$ 7,316$ -$ (1,010)$ (530)$ -$ -$ 19,450,887 10,566,516 19,671,137 10,743,429 21,557,305 11,972,740 6,168,110 2,577,887 6,408,266 2,505,197 6,237,988 2,593,796 40,706,669 21,245,779 34,705,395 17,996,253 29,023,516 15,176,590 (23,354,942) (11,825,080) (27,471,425) (13,202,641) (30,270,138) (14,342,692) (533,363) (279,011) (629,069) (329,205) (310,557) (162,955) - - (1,194,613) (625,166) 1,010 530 42,444,677 22,286,091 31,488,681 17,087,337 26,239,124 15,238,009 361,251,067 188,976,344 403,695,744 211,262,435 435,184,425 228,349,772 403,695,744$ 211,262,435$ 435,184,425$ 228,349,772$ 461,423,549$ 243,587,781$ 228,604,172$ 107,654,141$ 232,140,371$ 108,068,829$ 247,523,603$ 111,320,687$

63.85% 66.24% 65.21% 67.88% 65.09% 68.63%
74,820,705$ 25,815,804$ 77,213,278$ 27,411,760$ 79,529,676$ 28,234,113$ 305.54% 417.01% 300.65% 394.24% 311.23% 394.28%
2018
June 30, 2017
2019
June 30, 2018
2020
June 30, 2019
109

Miscellaneous Safety Miscellaneous Safety Miscellaneous Safety 14,943,938$ 9,042,832$ 15,491,153$ 9,468,729$ 17,950,437$ 10,542,174$ 50,429,001 25,312,431 53,007,373 26,769,989 55,762,597 27,908,384 5,475,145 2,619,056 4,497,247 2,340,001 4,292,996 (2,818,119) - - - - 29,517,318 13,677,055 - - - - - - (33,187,110) (16,057,838) (34,978,189) (16,987,747) (38,515,340) (18,153,244) 37,660,974 20,916,481 38,017,584 21,590,972 69,008,008 31,156,250 708,947,152 354,908,468 746,608,126 375,824,949 784,625,710 397,415,921 746,608,126$ 375,824,949$ 784,625,710$ 397,415,921$ 853,633,718$ 428,572,171$ -$ -$ -$ -$ -$ -$ 24,661,517 13,409,112 27,611,475 14,708,012 30,096,797 21,918,104 6,469,454 2,754,718 6,977,458 3,080,891 7,171,310 3,207,736 23,210,947 12,273,184 110,441,003 58,531,112 (45,091,960) (24,502,839) (33,187,110) (16,057,838) (34,978,189) (16,987,747) (38,515,340) (18,153,244) (650,494) (343,399) (481,417) (255,352) (368,468) (196,040) - - - - - - 20,504,314 12,035,777 109,570,330 59,076,916 (46,707,661) (17,726,283) 461,423,549 243,587,781 481,927,863 255,623,558 591,498,193 314,700,474 481,927,863$ 255,623,558$ 591,498,193$ 314,700,474$ 544,790,532$ 296,974,191$ 264,680,263$ 120,201,391$ 193,127,517$ 82,715,447$ 308,843,186$ 131,597,980$

64.55% 68.02% 75.39% 79.19% 63.82% 69.29%
80,417,208$ 27,578,559$ 82,654,527$ 27,806,987$ 86,882,516$ 29,125,588$ 329.13% 435.85% 233.66% 297.46% 355.47% 451.83%
June 30, 2022
2021 2022
June 30, 2020 June 30, 2021
2023
110

Miscellaneous Safety Miscellaneous Safety
18,658,132$ 10,674,653$ 20,215,124$ 11,605,594$ 59,159,485 29,872,284 62,619,508 32,098,308 14,614,099 8,715,140 14,744,596 11,745,081 - - - - 674,854 127,277 - - (41,735,837) (19,640,548) (44,655,028) (21,351,983) 51,370,733 29,748,806 52,924,200 34,097,000 853,633,718 428,572,171 905,004,451 458,320,977 905,004,451$ 458,320,977$ 957,928,651$ 492,417,977$ -$ -$ -$ -$ 33,725,720 23,593,505 36,056,206 17,646,567 8,072,121 3,569,890 9,124,471 3,995,156 33,991,305 18,767,204 56,196,054 31,180,902 (41,735,837) (19,640,548) (44,655,028) (21,351,983) (400,613) (218,381) (470,681) (262,863) - - - - 33,652,696 26,071,670 56,251,022 31,207,779 544,790,532 296,974,191 578,443,228 323,045,861 578,443,228$ 323,045,861$ 634,694,250$ 354,253,640$ 326,561,223$ 135,275,116$ 323,234,401$ 138,164,337$

63.92% 70.48% 66.26% 71.94%
93,249,022$ 30,363,404$ 98,563,822$ 30,914,141$ 350.20% 445.52% 327.94% 446.93%
2025
June 30, 2024
2024
June 30, 2023
111

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Contributions - Pensions
Last Ten Years
Valuation Date
Miscellaneous Safety Miscellaneous Safety
Actuarial Determined Contribution 17,564,085$ 9,409,229$ 19,896,723$ 11,655,656$ (17,564,085) (9,409,229) (19,896,723) (11,655,656) -$ -$ -$ -$ Covered payroll 70,574,246$ 25,172,485$ 74,820,705$ 25,815,804$ Contributions as a percentage of covered payroll 24.89% 37.38% 26.59% 45.15% 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
2016 2017
Entry age normal cost method
Level percentage of pay, a summary of the current policy is provided in the table below:

Contribution Deficiency (Excess)
The probabilities of mortality are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. Mortality rates incorporate full generational mortality improvement using 80% of Scale MP- 2020 published by the Society of Actuaries.

The probabilities of retirement are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.

2.80%

6.80%, net of pension plan investment expenses, including inflation.

Varies by Entry Age and Service
Market Value

2.30%
Contribution in relation to the Actuarially Determined Contribution June 30, 2014 June 30, 2015
112

Miscellaneous Safety Miscellaneous Safety Miscellaneous Safety 18,499,075$ 11,936,348$ 20,601,494$ 12,920,861$ 23,130,931$ 15,077,558$ (18,499,075) (11,936,348) (20,601,494) (12,920,861) (23,130,931) (15,077,558) -$ -$ -$ -$ -$ -$ 79,210,839$ 27,559,890$ 81,801,133$ 26,701,606$ 80,417,208$ 27,578,559$

23.35% 43.31% 25.18% 48.39% 28.76% 54.67%
2018 2019 2020
Entry age normal cost method
Level percentage of pay, a summary of the current policy is provided in the table below:

2.80%

6.80%, net of pension plan investment expenses, including inflation.

Varies by Entry Age and Service
Market Value

2.30%
June 30, 2016 June 30, 2017 June 30, 2018
113

Miscellaneous Safety Miscellaneous Safety Miscellaneous Safety 27,226,777$ 15,061,145$ 30,336,227$ 15,544,511$ 33,473,482$ 17,136,360$ (27,226,777) (15,061,145) (30,336,227) (15,544,511) (33,473,482) (17,136,360) -$ -$ -$ -$ -$ -$ 82,654,527$ 27,806,987$ 86,882,516$ 29,125,588$ 93,249,022$ 30,363,404$

32.94% 54.16% 34.92% 53.37% 35.90% 56.44%
20232021 2022
June 30, 2020 June 30, 2021June 30, 2019
114

Miscellaneous Safety Miscellaneous Safety
36,094,716$ 17,496,719$ 40,283,930$ 25,820,252$ (36,094,716) (17,496,719) (40,283,930) (25,820,252) -$ -$ -$ -$ 98,563,822$ 30,914,141$ 108,566,723$ 34,053,974$

36.62% 56.60% 37.11% 75.82%
2025
June 30, 2023
2024
June 30, 2022
115

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Changes in the City’s Net OPEB Liability and Related Ratios Last Ten Years**
2018 2019 2020
Measurement Date June 30, 2018 June 30, 2019 June 30, 2020 Total OPEB Liability
Service cost 6,665,000$ 6,021,000$ 5,701,000$ Interest on the total OPEB liability 15,256,000 14,291,000 14,961,000 Differences between expected and actual experiences (29,958,000) - (17,999,000) Changes in assumptions 11,123,000 - (5,591,000) Benefit payments, including refunds of employee contributions (8,449,000) (8,550,000) (9,988,000) Net change in total OPEB liability (5,363,000) 11,762,000 (12,916,000) Total OPEB liability - beginning 232,271,000 226,908,000 238,670,000 Total OPEB liability - ending (a) 226,908,000 238,670,000 225,754,000 Plan Fiduciary Net Position
Contributions - employer 14,213,477 15,342,178 16,425,867 Miscellaneous revenue - 69,429 - Net investment income 5,902,312 7,122,750 5,318,871 Benefit payments (8,449,000) (8,550,000) (9,988,000) Administrative expenses (210,775) (144,591) (34,934) Net change in plan fiduciary net position 11,456,014 13,839,766 11,721,804 Plan fiduciary net position - beginning 72,663,626 84,119,640 97,959,406 Plan fiduciary net position - ending (b) 84,119,640 97,959,406 109,681,210 Net OPEB Liability/(Assets) - ending (a) - (b) 142,788,360$ 140,710,594$ 116,072,790$ Plan fiduciary net position as a percentage of the total OPEB liability 37.07% 41.04% 48.58% Covered-employee payroll 106,770,729$ 108,508,739$ 107,995,767$ Net OPEB liability as a percentage of covered-employee payroll 133.73% 129.68% 107.48% ** 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. 116

2021 2022 2023 2024 2025
June 30, 2020 June 30, 2022 June 30, 2023 June 30, 2024 June 30, 2025 5,414,588$ 5,759,626$ 5,143,281$ 5,284,721$ 4,492,324$ 14,125,116 14,588,405 12,237,069 12,595,833 14,437,618 - (21,544,252) - 12,744,845 - 7,744,727 (17,673,776) - (5,911,337) - (10,333,464) (10,649,042) (11,021,257) (11,543,549) (12,411,945) 16,950,967 (29,519,039) 6,359,093 13,170,513 6,517,997 225,754,000 242,704,967 213,185,928 219,545,021 232,715,534 242,704,967 213,185,928 219,545,021 232,715,534 239,233,531 15,353,152 15,400,470 11,961,366 12,510,667 13,432,052 - - - - - 28,457,423 (18,288,503) 10,511,924 17,394,919 17,708,370 (10,333,464) (10,649,042) (11,021,257) (11,543,549) (12,411,945) (81,197) (75,790) (40,390) (58) (21,164) 33,395,914 (13,612,865) 11,411,643 18,361,979 18,707,313 109,681,210 143,077,124 129,464,259 140,875,902 159,237,881 143,077,124 129,464,259 140,875,902 159,237,881 177,945,194 99,627,843$ 83,721,669$ 78,669,119$ 73,477,653$ 61,288,337$

58.95% 60.73% 64.17% 68.43% 74.38%
115,547,480$ 128,628,850$ 142,721,264$ 154,106,009$ 164,068,941$

86.22% 65.09% 55.12% 47.68% 37.36%
117

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Contributions – OPEB
Last Ten Years**
2018 2019 2020
Valuation Date June 30, 2017 June 30, 2017 June 30, 2019 15,132,000$ 15,342,000$ 13,739,000$
(14,213,000) (15,226,000) (16,485,000)
919,000$ 116,000$ (2,746,000)$ 106,770,729$ 108,508,739$ 107,995,767$

13.31% 14.03% 15.26%
Notes to Schedule:

Methods and assumptions used to determine contributions:

Most Recent Valuation Date
Actuarial Cost Method
Amortization Method
Asset Valuation Method
Inflation
Salary Increase
Discount rate
Mortality
Entry Age Normal, level percent of payroll
Investment gains and losses spread over 5 year rolling period Derived using CalPERS membership data

6.25%

2.50%
Aggregate of 2.75%
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.

June 30, 2023
118

2021 2022 2023 2024 2025
June 30, 2019 June 30, 2022 June 30, 2022 June 30, 2023 June 30, 2023 14,026,000$ 10,687,000$ 10,591,000$ 10,514,000$ 10,711,000$ (15,353,152) (15,400,470) (11,961,366) (12,510,667) (13,432,052) (1,327,152)$ (4,713,470)$ (1,370,366)$ (1,996,667)$ (2,721,052)$ 115,547,480$ 128,628,850$ 142,721,264$ 154,106,009$ 164,068,941$

13.29% 11.97% 8.38% 8.12% 8.19%
Entry Age Normal, level percent of payroll
Investment gains and losses spread over 5 year rolling period Derived using CalPERS membership data

6.25%

2.50%
Aggregate of 2.75%
Level percent of pay
119

7+,63$*(,17(17,21$//</()7%/$1.
120

CITY OF ROSEVILLE, CALIFORNIA
Notes to Required Supplementary Information
For the Year Ended June 30, 2025

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 periodically, 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 usin g the same methods would reach substantially similar results.

B. The City must document that the roads are being preserved approximately at or above the condition level the City has established and disclosed. This documentation must inc lude 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 street 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 con dition. 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 $20,817,266 in fiscal year 2025. The Pavement Quality Index (PQI) for the City’s street pavement for the last five years is as follows:

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 67, based on a study conducted every three years. This rating allows for minor cracking and re veling of the pavement along with minor roughness that could be noticeable to drivers traveling at posted speed. The City expended $12,733,694 for street preservation in fiscal year 2025.

Fiscal Year
Arterial/
Collector Residential
Maintenance
Budget
Actual
Maintenance
2021 69 66 20,696,490$ 6,033,245$
2022 66 63 18,035,155 13,658,427
2023 79 73 29,283,349 19,086,170
2024 75 68 17,176,924 12,791,606
2025 74 69 16,192,769 12,733,694
PQI
121

CITY OF ROSEVILLE, CALIFORNIA
Notes to Required Supplementary Information
For the Year Ended June 30, 2025

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 budget for the fiscal year commencing the following July 1. The 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 the passage of minute order and ordinance.

D. The City Manager or designee is authorized to apply prudent mon itoring 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 by the City Council. Capital Improvement Projects, including annual projects, may not exceed project budget by fund. Additional appropriations or interfund transfers not included in the annual budget ordinance require approval by the City Counci l.

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. Capital project s are budgeted on a project length basis and, therefore, are not comparable on an annual basis.

NOTE 2: ADJUSTMENTS TO GAAP BASIS FROM BUDGETARY BASIS

City budgets are adopted on a basis consistent with generally a ccepted accounting principles (GAAP) except that capital projects expenditures are budgeted on a project 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 applicable appropriation. Encumbrance accounting is employed as an extension of formal budgetary integration 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. Un expended appropriations lapse at year end and must be carried forward to be reappropriated in the following year.

122

SUPPLEMENTARY INFORMATION

123

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 Districts and Services Districts Fund. To account for the collection of assessment revenue from property owners for the maintenance of surrounding park and 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 syst em funded by a three 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 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.

Golf Fund. To account for all financial transactions relating to the development, operations, and maintenance of the City’s public golf courses.

Roseville Aquatics Complex Maintenance Fund. A permanent fund established to account for contributions from the High School District. Only the interest earnings can be spent on helping maintain the Aquatics Complex.

Opioid Settlement Fund. To account for monies received from settlements with opioid manufacturers, distributors, and retailers for actions contributing to the current opioid epidemic. The monies must be spent on opioid remediation efforts as defined in the settlement agreement.
124

NON-MAJOR GOVERNMENTAL FUNDS (CONTINUED)

Capital Projects Funds

Capital projects funds are used to account for and report finan cial resources that are r estricted, committed, or assigned to expenditure for capital outlays, including the acqu isition 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 for the development of public facilities for which it creates a need.

Traffic Mitigation Fund. To account for revenues and expenditures related to major roadways and related structures such as bridges or interchanges.

Al Johnson Wildlife Area Fund. To account for activity related to the maintenance of the AI 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 amenities 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 that are restricted to the extent that only earnings, and not principal, may be used for purposes that support the re porting 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 a City-owned hospital and interest earnings expended for improving the quality of life for the citizens of the City of Roseville. 125

CITY OF ROSEVILLE, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments in City Treasury 22,868,575$ 18,306,708$ 819,364$ 164,529$ Receivables (net of allowance for uncollectible):

Accounts 735,105 1,344,731 64,890 930 Due from other governments - - - - Notes and loans - - - - Developer permit fees - - - - Restricted assets:

Cash and investments with fiscal agents - - - - Total assets 23,603,680$ 19,651,439$ 884,254$ 165,459$

LIABILITIES
Accounts payable 884,325$ 490,120$ 1,040$ -$ Accrued liabilities - 19,090 - - Unearned revenues 34,243 13,991 - - Due to other governments - - - - Due to other funds - - - - Advances from other funds - - - - Total liabilities 918,568 523,201 1,040 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - - Total deferred inflows of resources - - - -

FUND BALANCES (DEFICITS)
Nonspendable - - - - Restricted 22,685,112 19,128,238 883,214 165,459 Assigned - - - - Unassigned - - - - Total fund balances (deficits) 22,685,112 19,128,238 883,214 165,459 Total liabilities, deferred inflows of resources,
and fund balances (deficits) 23,603,680$ 19,651,439$ 884,254$ 165,459$ Special Revenue Funds
Landscape
and Lighting
Districts and
Services
Districts
State Gasoline
Tax Traffic Safety
Trench Cut
Recovery
126

CITY OF ROSEVILLE, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments in City Treasury
Receivables (net of allowance for uncollectible):

Accounts
Due from other governments
Notes and loans
Developer permit fees
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Accrued liabilities
Unearned revenues
Due to other governments
Due to other funds
Advances from other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Nonspendable
Restricted
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
(Continued)
3,323,119$ 558,903$ 2,085,791$ 3,706,289$ 13,643 3,605 17,271 2,848,098 - - - - - - - 13,588,783 - - - - - - - - 3,336,762$ 562,508$ 2,103,062$ 20,143,170$ 10,471$ 67,003$ 24,322$ 137,263$ - - - - - - - 163,206 - - - - - - - - - - - - 10,471 67,003 24,322 300,469 - - - 15,380,038 - - - 15,380,038 - - - - 3,326,291 495,505 2,078,740 4,462,663 - - - - - - - - 3,326,291 495,505 2,078,740 4,462,663 3,336,762$ 562,508$ 2,103,062$ 20,143,170$ Special Revenue Funds
Technology
Replacement Open Space
Tree
Propagation Grants
127

CITY OF ROSEVILLE, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments in City Treasury
Receivables (net of allowance for uncollectible):

Accounts
Due from other governments
Notes and loans
Developer permit fees
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Accrued liabilities
Unearned revenues
Due to other governments
Due to other funds
Advances from other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Nonspendable
Restricted
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
1,171,502$ 2,144,019$ 2,281,075$ 2,869,741$ 34,136 1,915,586 2,728,409 392,370 - - - - - 28,524,895 13,174,112 - - - - - - - - - 1,205,638$ 32,584,500$ 18,183,596$ 3,262,111$ 12,628$ -$ 112,553$ 5,349$ - - - - - - - - 140,704 - - - - - - - - - - - 153,332 - 112,553 5,349 - 30,411,219 13,520,520 - - 30,411,219 13,520,520 - - - - - 1,052,306 2,173,281 4,550,523 3,256,762 - - - - - - - - 1,052,306 2,173,281 4,550,523 3,256,762 1,205,638$ 32,584,500$ 18,183,596$ 3,262,111$ Special Revenue Funds
Low/Mod
Income
Housing Asset Cable TV Peg
Housing
Authority
Housing
Choice
Voucher
Affordable
Housing
128

CITY OF ROSEVILLE, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments in City Treasury
Receivables (net of allowance for uncollectible):

Accounts
Due from other governments
Notes and loans
Developer permit fees
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Accrued liabilities
Unearned revenues
Due to other governments
Due to other funds
Advances from other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Nonspendable
Restricted
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
(Continued)
700,655$ 611,931$ 236,831$ 1,649,625$ 1,986 787,444 984 2,286 - - - - - - - - - - - - - - - - 702,641$ 1,399,375$ 237,815$ 1,651,911$ 2,165$ 17,605$ -$ -$ - 2,445,816 - - - 1 - 1,651,164 - - - - - 127,000 - - - 1,353,000 - - 2,165 3,943,422 - 1,651,164 - - - - - - - - - - - - 700,476 - 237,815 747 - - - - - (2,544,047) - - 700,476 (2,544,047) 237,815 747 702,641$ 1,399,375$ 237,815$ 1,651,911$ Special Revenue Funds
Police
Evidence Golf
Roseville
Aquatics
Complex
Maintenance
Opioid
Settlement
129

CITY OF ROSEVILLE, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments in City Treasury
Receivables (net of allowance for uncollectible):

Accounts
Due from other governments
Notes and loans
Developer permit fees
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Accrued liabilities
Unearned revenues
Due to other governments
Due to other funds
Advances from other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Nonspendable
Restricted
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
119,204,617$ 35,784,072$ 1,560,584$ 3,932,377$ 7,831,103 570,421 38,351 13,766 - 2,633,499 - - - 362 - - 9,522,954 4,424,454 - - - - - - 136,558,674$ 43,412,808$ 1,598,935$ 3,946,143$ 1,464,812$ 1,817,688$ 507$ -$
53,657 - - - - - - - 10,000 - - - 2,436,053 - - - 6,809,393 3,217,833 - - 10,773,915 5,035,521 507 - 7,198,133 2,633,499 - - 7,198,133 2,633,499 - - - - - - 118,586,626 35,743,788 1,598,428 3,946,143 - - - - - - - - 118,586,626 35,743,788 1,598,428 3,946,143 136,558,674$ 43,412,808$ 1,598,935$ 3,946,143$ Capital Projects Funds
Development
Impact
Traffic
Mitigation
Al Johnson
Wildlife Area Roadway
130

CITY OF ROSEVILLE, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
ASSETS
Cash and investments in City Treasury
Receivables (net of allowance for uncollectible):

Accounts
Due from other governments
Notes and loans
Developer permit fees
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Accrued liabilities
Unearned revenues
Due to other governments
Due to other funds
Advances from other funds
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues
Total deferred inflows of resources

FUND BALANCES (DEFICITS)
Nonspendable
Restricted
Assigned
Unassigned
Total fund balances (deficits)
Total liabilities, deferred inflows of resources,
and fund balances (deficits)
(Continued)
Debt Service
Fund
Permanent
Fund
Total
Nonmajor
Funds
3,167,895$ 3,981,417$ -$ 15,667,501$ 246,797,120$ 10,568 6,491 4,762 67,545 19,434,481 - - - - 2,633,499 - - - - 55,288,152 - - - - 13,947,408 - 1,674,382 - - 1,674,382 3,178,463$ 5,662,290$ 4,762$ 15,735,046$ 339,775,042$ 15,500$ -$ -$ -$ 5,063,351$ - - - - 2,518,563 - - - - 1,862,605 - - - - 150,704 - - 12,156 - 2,575,209 - - - - 11,380,226 15,500 - 12,156 - 23,550,658 - - - - 69,143,409 - - - - 69,143,409 - - - 15,735,046 15,735,046 - 5,662,290 - - 230,734,407 3,162,963 - - - 3,162,963 - - (7,394) - (2,551,441) 3,162,963 5,662,290 (7,394) 15,735,046 247,080,975 3,178,463$ 5,662,290$ 4,762$ 15,735,046$ 339,775,042$ Capital Projects Funds
General Fund
Capital
Projects
RFA Capital
Projects
Roseville
Finance
Authority
Citizens
Benefit
131

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025

REVENUES
Taxes 22,127,253$ -$ -$ -$ Subventions and grants 148,680 4,473,857 - - Charges for services - - - - Use of money and property 1,198,412 1,004,324 44,113 9,587 Fines, forfeitures and penalties - - 241,683 - Contributions from developers and others - 4,580,947 - - Miscellaneous revenues 41,993 44,272 - - Revenue from others 109 - - - Total revenues 23,516,447 10,103,400 285,796 9,587

EXPENDITURES
Current:

General government - 1,263 - - Police - - 14,751 - Fire - - - - Economic development - - - - Parks and recreation 10,341,665 - 1,766 - Public works - 5,520,073 68,293 - Development services - - - - Housing assistance payments - - - - Capital Outlay 227,207 2,125,199 40,478 - Debt service:

Principal Retirement - - - - Interest Expense and Fiscal Charges - - - - Total expenditures 10,568,872 7,646,535 125,288 - Excess (deficiency) of revenues
over (under) expenditures 12,947,575 2,456,865 160,508 9,587

OTHER FINANCING SOURCES (USES)
Transfers in - - - - Transfers out (9,733,851) - - - Total other financing sources (uses) (9,733,851) - - - Net change in fund balances 3,213,724 2,456,865 160,508 9,587 Fund balances (deficit)-beginning 19,471,388 16,671,373 722,706 155,872 Fund balances (deficit)-ending 22,685,112$ 19,128,238$ 883,214$ 165,459$ Special Revenue Funds
Landscape
and Lighting
Districts and
Services
Districts
State Gasoline
Tax Traffic Safety
Trench Cut
Recovery
132

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025

REVENUES
Taxes
Subventions 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 Expense 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 (deficit)-beginning
Fund balances (deficit)-ending
(Continued)
-$ -$ -$ -$ - - - 12,678,914 627,544 - 21,004 - 190,802 40,623 127,491 322,167 - - - - - - - - - 25,684 - - - - - 173,355 818,346 66,307 148,495 13,174,436 - 1,699 - - - - - 3,165,233 - - - 2,384,799 - - - 4,867,950 133,303 830,949 257,246 - 363,710 - - - 181,186 270,880 - - - - - - - - - 2,815,910 - - - - - - - - 678,199 1,103,528 257,246 13,233,892 140,147 (1,037,221) (108,751) (59,456) - 755,408 21,918 - - - - (135,000) - 755,408 21,918 (135,000) 140,147 (281,813) (86,833) (194,456) 3,186,144 777,318 2,165,573 4,657,119 3,326,291$ 495,505$ 2,078,740$ 4,462,663$ Special Revenue Funds
Technology
Replacement Open Space
Tree
Propagation Grants
133

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025

REVENUES
Taxes
Subventions 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 Expense 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 (deficit)-beginning
Fund balances (deficit)-ending
-$ -$ -$ -$ 13,865,697 425,272 214,168 -
- - 41,320 273,551 (201) 147,771 104,713 167,423 - - - - - - - - 1,961 - - - - - - - 13,867,457 573,043 360,201 440,974 4,631 - - 22,979 - - - - - - - - 1,762,545 1,325,997 434,193 -
- - - - - - - - - - - - 11,883,265 - - - - - - - - - - - - - - - 13,650,441 1,325,997 434,193 22,979 217,016 (752,954) (73,992) 417,995 - - - 42,971 - - - (5,057) - - - 37,914 217,016 (752,954) (73,992) 455,909 835,290 2,926,235 4,624,515 2,800,853 1,052,306$ 2,173,281$ 4,550,523$ 3,256,762$ Special Revenue Funds
Low/Mod
Income
Housing Asset Cable TV Peg
Housing
Authority
Housing
Choice
Voucher
Affordable
Housing
134

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025

REVENUES
Taxes
Subventions 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 Expense 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 (deficit)-beginning
Fund balances (deficit)-ending
(Continued)
-$ -$ -$ -$ - 150,864 - 51,133 - 2,862,116 - - 34,313 57,010 24,357 560 - - - - - - - - 277,230 6,000 - - - - - - 311,543 3,075,990 24,357 51,693 - 4,039 - - 29,090 - - - - - - - - - - - - 3,043,004 59,979 51,133 - - - - - - - - - - - - - 1,053,355 - - - - - - - 39,522 - - 29,090 4,139,920 59,979 51,133 282,453 (1,063,930) (35,622) 560 - 684,536 - - - (22,362) - - - 662,174 - - 282,453 (401,756) (35,622) 560 418,023 (2,142,291) 273,437 187 700,476$ (2,544,047)$ 237,815$ 747$ Special Revenue Funds
Police
Evidence Golf
Roseville
Aquatics
Complex
Maintenance
Opioid
Settlement
135

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025

REVENUES
Taxes
Subventions 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 Expense 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 (deficit)-beginning
Fund balances (deficit)-ending
-$ -$ -$ -$ - - - 1,194 27,014,300 12,520,992 - - 7,063,120 2,530,056 151,140 149,643 - - - - 62,054 64,824 - - 861,016 - - - 8,745 1,189,789 - - 35,009,235 16,305,661 151,140 150,837 2,871,452 77,736 - - 58,285 - - - - - - - - - - - 3,264,476 - 15,447 - 238,976 1,736,879 - 12,825 211,882 - - - - - - - 20,270,817 22,855,464 - 1,193 - - - - 309,528 79,157 - - 27,225,416 24,749,236 15,447 14,018 7,783,819 (8,443,575) 135,693 136,819 1,191,837 - - 1,588,469 (96,206) - - (1,200,000) 1,095,631 - - 388,469 8,879,450 (8,443,575) 135,693 525,288 109,707,176 44,187,363 1,462,735 3,420,855 118,586,626$ 35,743,788$ 1,598,428$ 3,946,143$ Development
Impact
Traffic
Mitigation
Al Johnson
Wildlife Area Roadway
Capital Projects Funds
136

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Revenues, Expenditures,
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2025

REVENUES
Taxes
Subventions 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 Expense 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 (deficit)-beginning
Fund balances (deficit)-ending
(Continued)
Permanent
Fund
Total
Nonmajor
Funds
-$ -$ -$ -$ 22,127,253$ - - - - 32,009,779 279,401 - - - 43,640,228 151,381 326,077 (6,487) 1,117,180 14,955,575 - - - - 241,683 - - - - 4,707,825 60,042 - - 1,182 1,319,380 - 1,370,798 - - 2,742,796 490,824 1,696,875 (6,487) 1,118,362 121,744,519 76,495 21,135 - - 3,081,429 - - - - 3,267,359 - - - - 2,384,799 - - - - 8,390,685 366,629 - - - 18,365,597 - - - - 7,940,756 - 149,187 - 269,894 1,083,029 - - - - 11,883,265 1,012,942 91,643 - - 50,494,208 - - 1,301,916 - 1,301,916 - - 588,736 - 1,016,943 1,456,066 261,965 1,890,652 269,894 109,209,986 (965,242) 1,434,910 (1,897,139) 848,468 12,534,533 1,680,769 - 1,998,607 - 7,964,515 - (1,264,229) - - (12,456,705) 1,680,769 (1,264,229) 1,998,607 - (4,492,190) 715,527 170,681 101,468 848,468 8,042,343 2,447,436 5,491,609 (108,862) 14,886,578 239,038,632 3,162,963$ 5,662,290$ (7,394)$ 15,735,046$ 247,080,975$ RFA Capital
Projects
Citizens
Benefit
Roseville
Finance
Authority
General Fund
Capital
Projects
Debt Service
Fund Capital Projects Funds
137

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Landscape and Lighting Districts and Services Districts For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Taxes 24,037,531$ 22,040,766$ 22,127,253$ 86,487$ Subventions and grants - - 148,680 148,680 Use of Money and Property 260,555 260,555 1,198,412 937,857 Miscellaneous revenues - - 41,993 41,993 Revenues from others - - 109 109 Total revenues 24,298,086 22,301,321 23,516,447 1,215,126

EXPENDITURES
Current:

Parks and recreation 11,477,295 11,743,144 10,341,665 1,401,479 Capital Outlay 383,885 323,629 227,207 96,422 Total expenditures 11,861,180 12,066,773 10,568,872 1,497,901 Excess (deficiency) of revenues
over (under) expenditures 12,436,906 10,234,548 12,947,575 2,713,027

OTHER FINANCING SOURCES (USES)
Transfers Out (9,733,851) (9,733,851) (9,733,851) - Total other financing sources (uses) (9,733,851) (9,733,851) (9,733,851) - Net change in fund balances 2,703,055$ 500,697$ 3,213,724 2,713,027$ Fund balances (deficit)-beginning 19,471,388
Fund balances (deficit)-ending 22,685,112$
138

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual State Gasoline Tax
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Subventions and grants 4,222,291$ 4,222,291$ 4,473,857$ 251,566$ Use of Money and Property 175,465 175,465 1,004,324 828,859 Contribution Revenue 3,913,788 3,913,788 4,580,947 667,159 Miscellaneous revenues - - 44,272 44,272 Total revenues 8,311,544 8,311,544 10,103,400 1,791,856

EXPENDITURES
Current:

General government 3,000 3,000 1,263 1,737 Public works 5,604,093 5,594,387 5,520,073 74,314 Capital Outlay 13,488,617 13,453,739 2,125,199 11,328,540 Total expenditures 19,095,710 19,051,126 7,646,535 11,404,591 Net change in fund balances (10,784,166)$ (10,739,582)$ 2,456,865 13,196,447$ Fund balances (deficit)-beginning 16,671,373
Fund balances (deficit)-ending 19,128,238$
139

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Traffic Safety
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of Money and Property 9,569$ 9,569$ 44,113$ 34,544$ Fines, forfeitures and penalties 250,000 250,000 241,683 (8,317) Total revenues 259,569 259,569 285,796 26,227

EXPENDITURES
Current:

Police 15,000 15,000 14,751 249 Parks and recreation 18,000 18,000 1,766 16,234 Public Works 220,000 216,749 68,293 148,456 Capital Outlay 27,751 27,751 40,478 (12,727) Total expenditures 280,751 277,500 125,288 152,212 Net change in fund balances (21,182)$ (17,931)$ 160,508 178,439$ Fund balances (deficit)-beginning 722,706
Fund balances (deficit)-ending 883,214$
140

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Trench Cut Recovery
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of Money and Property 2,786$ 2,786$ 9,587$ 6,801$ Total revenues 2,786 2,786 9,587 6,801 Fund balances (deficit)-beginning 155,872
Fund balances (deficit)-ending 165,459$
141

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Technology Replacement
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Charges for Services 618,000$ 618,000$ 627,544$ 9,544$ Use of Money and Property 47,490 47,490 190,802 143,312 Total revenues 665,490 665,490 818,346 152,856

EXPENDITURES
Current:

Development services 582,774 582,774 181,186 401,588 Parks and recreation - 100,000 133,303 (33,303) Public works - - 363,710 (363,710) Capital Outlay 390,035 390,035 - 390,035 Total expenditures 972,809 1,072,809 678,199 394,610 Net change in fund balances (307,319)$ (407,319)$ 140,147 547,466$ Fund balances (deficit)-beginning 3,186,144
Fund balances (deficit)-ending 3,326,291$
142

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Open Space
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of Money and Property 12,254$ 12,254$ 40,623$ 28,369$ Miscellaneous revenues 25,684 25,684 25,684 - Total revenues 37,938 37,938 66,307 28,369

EXPENDITURES
Current:

General government - - 1,699 (1,699) Development services 270,880 270,880 270,880 - Parks and recreation 795,077 795,077 830,949 (35,872) Total expenditures 1,065,957 1,065,957 1,103,528 (37,571) Excess (deficiency) of revenues
over (under) expenditures (1,028,019) (1,028,019) (1,037,221) (9,202)

OTHER FINANCING SOURCES (USES)
Transfers In 755,408 755,408 755,408 - Total other financing sources (uses) 755,408 755,408 755,408 - Net change in fund balances (272,611)$ (272,611)$ (281,813) (9,202)$ Fund balances (deficit)-beginning 777,318
Fund balances (deficit)-ending 495,505$
143

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Tree Propagation
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Charges for Services 100,000$ 100,000$ 21,004$ (78,996)$ Use of Money and Property 31,277 31,277 127,491 96,214 Total revenues 131,277 131,277 148,495 17,218

EXPENDITURES
Current:

Parks and recreation 391,797 391,797 257,246 134,551 Total expenditures 391,797 391,797 257,246 134,551 Excess (deficiency) of revenues
over (under) expenditures (260,520) (260,520) (108,751) 151,769

OTHER FINANCING SOURCES (USES)
Transfers In 21,918 21,918 21,918 - Total other financing sources (uses) 21,918 21,918 21,918 - Net change in fund balances (238,602)$ (238,602)$ (86,833) 151,769$ Fund balances (deficit)-beginning 2,165,573
Fund balances (deficit)-ending 2,078,740$
144

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Grants
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Subventions and grants 2,516,000$ 9,557,352$ 12,678,914$ 3,121,562$ Use of Money and Property 63,684 63,684 322,167 258,483 Revenue from others 30,000 30,000 173,355 143,355 Total revenues 2,609,684 9,651,036 13,174,436 3,523,400

EXPENDITURES
Current:

General government 56,075 86,575 - 86,575 Police 150,664 3,197,862 3,165,233 32,629 Fire - 2,384,799 2,384,799 - Economic development 2,920,743 3,877,133 4,867,950 (990,817) Public works - 19,000 - 19,000 Capital Outlay 10,835,568 6,003,240 2,815,910 3,187,330 Total expenditures 13,963,050 15,568,609 13,233,892 2,334,717 Excess (deficiency) of revenues
over (under) expenditures (11,353,366) (5,917,573) (59,456) 5,858,117

OTHER FINANCING SOURCES (USES)
Transfers In - 16,365 - (16,365) Transfers Out (135,000) (151,365) (135,000) 16,365 Total other financing sources (uses) (135,000) (135,000) (135,000) - Net change in fund balances (11,488,366)$ (6,052,573)$ (194,456) 5,858,117$ Fund balances (deficit)-beginning 4,657,119
Fund balances (deficit)-ending 4,462,663$
145

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Housing Authority Housing Choice Voucher
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Subventions and grants 10,952,160$ 10,952,160$ 13,865,697$ 2,913,537$ Use of Money and Property 800 800 (201) (1,001) Miscellaneous revenues - - 1,961 1,961 Total revenues 10,952,960 10,952,960 13,867,457 2,914,497

EXPENDITURES
Current:

General government 4,631 4,631 4,631 - Economic development 1,765,194 1,765,194 1,762,545 2,649 Housing assistance payments 9,436,000 9,436,000 11,883,265 (2,447,265) Total expenditures 11,205,825 11,205,825 13,650,441 (2,444,616) Net change in fund balances (252,865)$ (252,865)$ 217,016 469,881$ Fund balances (deficit)-beginning 835,290
Fund balances (deficit)-ending 1,052,306$
146

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Affordable Housing
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Subventions and grants 30,000$ 30,000$ 425,272$ 395,272$ Use of money and property 81,408 81,408 147,771 66,363 Total revenues 111,408 111,408 573,043 461,635

EXPENDITURES
Current:

Economic development 1,501,320 1,501,320 1,325,997 175,323 Total expenditures 1,501,320 1,501,320 1,325,997 175,323 Net change in fund balances (1,389,912)$ (1,389,912)$ (752,954) 636,958$ Fund balances (deficit)-beginning 2,926,235
Fund balances (deficit)-ending 2,173,281$
147

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Low/Mod Income Housing Asset
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Subventions and grants 75,000$ 75,000$ 214,168$ 139,168$ Charges for Services 40,000 40,000 41,320 1,320 Use of Money and Property 50,542 50,542 104,713 54,171 Total revenues 165,542 165,542 360,201 194,659

EXPENDITURES
Current:

Economic development 435,399 435,399 434,193 1,206 Capital Outlay 278,300 278,300 - 278,300 Total expenditures 713,699 713,699 434,193 279,506 Excess (deficiency) of revenues
over (under) expenditures (548,157) (548,157) (73,992) 474,165

OTHER FINANCING SOURCES (USES)
Transfers In 337,804 778,696 - (778,696) Total other financing sources (uses) 337,804 778,696 - (778,696) Net change in fund balances (210,353)$ 230,539$ (73,992) (304,531)$ Fund balances (deficit)-beginning 4,624,515
Fund balances (deficit)-ending 4,550,523$
148

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Cable TV Peg
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Charges for Services 153,500$ 153,500$ 273,551$ 120,051$ Use of Money and Property 35,143 35,143 167,423 132,280 Total revenues 188,643 188,643 440,974 252,331

EXPENDITURES
Current:

General government 1,765,950 1,765,950 22,979 1,742,971 Total expenditures 1,765,950 1,765,950 22,979 1,742,971 Excess (deficiency) of revenues
over (under) expenditures (1,577,307) (1,577,307) 417,995 1,995,302

OTHER FINANCING SOURCES (USES)
Transfers In 42,971 42,971 42,971 - Transfers Out (5,057) (5,057) (5,057) - Total other financing sources (uses) 37,914 37,914 37,914 - Net change in fund balances (1,539,393)$ (1,539,393)$ 455,909 1,995,302$ Fund balances (deficit)-beginning 2,800,853
Fund balances (deficit)-ending 3,256,762$
149

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Police Evidence
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of Money and Property 5,114$ 5,114$ 34,313$ 29,199$ Miscellaneous revenues 60,000 60,000 277,230 217,230 Total revenues 65,114 65,114 311,543 246,429

EXPENDITURES
Current:

Police 23,000 23,000 29,090 (6,090) Total expenditures 23,000 23,000 29,090 (6,090) Net change in fund balances 42,114$ 42,114$ 282,453 240,339$ Fund balances (deficit)-beginning 418,023
Fund balances (deficit)-ending 700,476$
150

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Golf
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Subvention and grants -$ -$ 150,864$ 150,864$ Charges for Services 2,900,000 2,900,000 2,862,116 (37,884) Use of Money and Property 94,703 94,703 57,010 (37,693) Miscellaneous revenues - - 6,000 6,000 Total revenues 2,994,703 2,994,703 3,075,990 81,287

EXPENDITURES
Current:

General government 7,026 7,026 4,039 2,987 Parks and recreations 3,029,405 2,320,197 3,043,004 (722,807) Capital Outlay 1,925,711 2,632,223 1,053,355 1,578,868 Debt service:

Interest expense - - 39,522 (39,522) Total expenditures 4,962,142 4,959,446 4,139,920 819,526 Excess (deficiency) of revenues
over (under) expenditures (1,967,439) (1,964,743) (1,063,930) 900,813

OTHER FINANCING SOURCES (USES)
Transfers In 684,536 684,536 684,536 - Transfers Out (149,362) (149,362) (22,362) 127,000 Total other financing sources (uses) 535,174 535,174 662,174 127,000 Net change in fund balances (1,432,265)$ (1,429,569)$ (401,756) 1,027,813$ Fund balances (deficit)-beginning (2,142,291)
Fund balances (deficit)-ending (2,544,047)$
151

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Roseville Aquatics Complex Maintenance
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of Money and Property 15,000$ 15,000$ 24,357$ 9,357$ Total revenues 15,000 15,000 24,357 9,357

EXPENDITURES
Current:

Parks and recreation 50,000 59,995 59,979 16 Total expenditures 50,000 59,995 59,979 16 Net change in fund balances (35,000)$ (44,995)$ (35,622) 9,373$ Fund balances (deficit)-beginning 273,437
Fund balances (deficit)-ending 237,815$
152

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Opioid Settlement
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Subventions and grants -$ 272,300$ 51,133$ (221,167)$ Use of Money and Property 5,153 5,153 560 (4,593) Total revenues 5,153 277,453 51,693 (225,760)

EXPENDITURES
Current:

Parks and recreation - 272,300 51,133 221,167 Total expenditures - 272,300 51,133 221,167 Net change in fund balances 5,153$ 5,153$ 560 (4,593)$ Fund balances (deficit)-beginning 187
Fund balances (deficit)-ending 747$
153

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Roseville Finance Authority
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of Money and Property -$ -$ (6,487)$ (6,487)$ Total revenues - - (6,487) (6,487)

EXPENDITURES
Debt service:

Principal Retirement 1,301,917 1,301,917 1,301,916 1 Interest Expense and Fiscal Charges 574,949 574,949 588,736 (13,787) Total expenditures 1,876,866 1,876,866 1,890,652 (13,786) Excess (deficiency) of revenues
over (under) expenditures (1,876,866) (1,876,866) (1,897,139) (20,273)

OTHER FINANCING SOURCES (USES)
Transfers In 1,998,607 1,998,607 1,998,607 - Total other financing sources (uses) 1,998,607 1,998,607 1,998,607 - Net change in fund balances 121,741$ 121,741$ 101,468 (20,273)$ Fund balances (deficit)-beginning (108,862)
Fund balances (deficit)-ending (7,394)$
154

CITY OF ROSEVILLE, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget to Actual Citizens Benefit
For the Year Ended June 30, 2025
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of Money and Property 310,000$ 310,000$ 1,117,180$ 807,180$ Miscellaneous revenues - - 1,182 1,182 Total revenues 310,000 310,000 1,118,362 808,362

EXPENDITURES
Current:

Development services 270,270 284,092 269,894 14,198 Total expenditures 270,270 284,092 269,894 14,198 Net change in fund balances 39,730$ 25,908$ 848,468 822,560$ Fund balances (deficit)-beginning 14,886,578
Fund balances (deficit)-ending 15,735,046$
155

7+,63$*(,17(17,21$//</()7%/$1.
156

NON-MAJOR ENTERPRISE FUNDS

Local Transportation Fund

This fund accounts for the activities associated with the opera tions and maintenance of the City’s public transit activities and has particular emphasis on serving the elderly and the handicapped.

School-Age Child Care Fund

The fund accounts for the receipt of parent fees and State grants used to finance child development programs. 157

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Net Position
Non-Major Enterprise Funds
June 30, 2025
Total Non-Major
Enterprise
Funds
ASSETS
Current assets:

Cash and investments in City Treasury 550,053$ 714,840$ 1,264,893$ Receivables (net of uncollectibles):

Accounts 12,241,759 258,639 12,500,398
Prepaid costs 1,643,769 - 1,643,769 Total current assets 14,435,581 973,479 15,409,060 Noncurrent:

Capital assets not being depreciated 44,971,826 736,618 45,708,444 Capital assets - net of accumulated depreciation/amortization 27,805,320 2,708,092 30,513,412 Total noncurrent assets 72,777,146 3,444,710 76,221,856 Total assets 87,212,727 4,418,189 91,630,916

DEFERRED OUTFLOWS OF RESOURCES
Deferred pension related items 744,468 2,038,054 2,782,522 Deferred OPEB related items 96,000 285,000 381,000 Total deferred outflows of resources 840,468 2,323,054 3,163,522

LIABILITIES
Current liabilities:

Accounts payable 1,892,695 74,810 1,967,505 Accrued liabilities 67,433 221,205 288,638 Unearned revenues 9,123,346 134,090 9,257,436 Due to other funds - 55,000 55,000 Child development reserve - 79,189 79,189 Accrued compensated absences 128,389 151,621 280,010 Total current liabilities 11,211,863 715,915 11,927,778 Noncurrent liabilities:

Advances from other funds - 1,945,000 1,945,000 Accrued compensated absences 109,999 94,283 204,282 Pension liability 3,195,797 8,748,781 11,944,578 Net OPEB liability 687,000 2,635,000 3,322,000 Total noncurrent liabilities 3,992,796 13,423,064 17,415,860 Total liabilities 15,204,659 14,138,979 29,343,638

DEFERRED INFLOWS OF RESOURCES
Deferred OPEB related items 274,000 792,000 1,066,000 Total deferred inflows of resources 274,000 792,000 1,066,000

NET POSITION
Net investment in capital assets 72,777,146 3,444,710 76,221,856 Unrestricted (202,610) (11,634,446) (11,837,056) Total net position 72,574,536$ (8,189,736)$ 64,384,800$ Local
Transportation
School-Age
Child Care
158

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Revenues, Expenses and
Changes in Net Position
Non-Major Enterprise Funds
For the Year Ended June 30, 2025
Total Non-Major
Enterprise
Funds

OPERATING REVENUES
Charges for services 684,414$ 6,087,631$ 6,772,045$ Miscellaneous 226,726 565,090 791,816 Total operating revenues 911,140 6,652,721 7,563,861

OPERATING EXPENSES
Administration and general 2,501,959 2,684,051 5,186,010 Operations 7,258,146 5,876,767 13,134,913 Depreciation and amortization 1,859,616 131,444 1,991,060 Total operating expenses 11,619,721 8,692,262 20,311,983 Operating income (loss) (10,708,581) (2,039,541) (12,748,122)

NONOPERATING REVENUES (EXPENSES)
Subventions and grants 29,488,802 440,029 29,928,831 Interest income (loss) 176,176 12,281 188,457 Interest expense (12) (50,551) (50,563) Gains (losses) on sale of capital assets (7,924) - (7,924) Total nonoperating revenues (expenses) 29,657,042 401,759 30,058,801 Income (loss) before capital contributions and transfers 18,948,461 (1,637,782) 17,310,679 Capital contributions from developers and other agencies 400,960 - 400,960 Transfers in 129,191 1,421,363 1,550,554 Change in net position 19,478,612 (216,419) 19,262,193 Net position-beginning 53,056,201 (8,000,055) 45,056,146 Restatements - change in accounting principles 39,723 26,738 66,461 Net position-beginning 53,095,924 (7,973,317) 45,122,607 Net position-ending 72,574,536$ (8,189,736)$ 64,384,800$ Local
Transportation
School-Age
Child Care
159

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Cash Flows
Non-Major Enterprise Funds
For the Year Ended June 30, 2025
Totals

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 911,140$ 6,518,192$ 7,429,332$ Payments to suppliers and service providers (16,916,717) (4,226,882) (21,143,599) Payments to employees for salaries and benefits (263,799) (4,227,548) (4,491,347) Net cash provided by (used for)
operating activities (16,269,376) (1,936,238) (18,205,614)

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfers from other funds 129,191 1,421,363 1,550,554 Operating grants and contributions 23,525,843 440,029 23,965,872 Net cash provided by (used for)
noncapital financing activities 23,655,034 1,861,392 25,516,426

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Acquisition and construction of capital assets (19,515,920) (204,420) (19,720,340) Principal paid on long term borrowings from the City - (55,000) (55,000) Interest paid on capital debt (12) (50,551) (50,563) Proceeds from sales of assets 773 - 773 Net cash provided by (used for)
capital and related financing activities (19,515,159) (309,971) (19,825,130)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments 883 39,019 39,902 Fair value adjustment 174,745 - 174,745 Net cash provided by (used for)
investing activities 175,628 39,019 214,647 Net increase (decrease) in
cash and cash equivalents (11,953,873) (345,798) (12,299,671) Cash and cash equivalents-beginning 12,503,926 1,060,638 13,564,564 Cash and cash equivalents-ending 550,053$ 714,840$ 1,264,893$ Business-Type Activities
Local
Transportation
School-Age
Child Care
160

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Cash Flows
Non-Major Enterprise Funds
For the Year Ended June 30, 2025
Totals
Business-Type Activities
Local
Transportation
School-Age
Child Care

RECONCILIATION OF OPERATING INCOME (LOSS)

TO NET CASH PROVIDED BY (USED FOR)

OPERATING ACTIVITIES
Operating income (loss) (10,708,581)$ (2,039,541)$ (12,748,122)$ Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities:

Depreciation/amortization expense 1,859,616 131,444 1,991,060 (Increase) decrease in accounts receivable - (31,906) (31,906) (Increase) decrease in prepaid items (616,414) - (616,414) Increase (decrease) in accounts payable (919,578) (48,841) (968,419) Increase (decrease) in accrued liabilities 558 13,873 14,431 Increase (decrease) in deposits payable (5,620,620) - (5,620,620) Increase (decrease) in unearned revenue - (23,434) (23,434) Increase (decrease) in compensated absences (14,346) (55,204) (69,550) Increase (decrease) in pension and related items (178,011) 305,371 127,360 Increase (decrease) in OPEB and related items (72,000) (188,000) (260,000) Total adjustments (5,560,795) 103,303 (5,457,492)$ Net cash provided by (used for)
operating activities (16,269,376)$ (1,936,238)$ (18,205,614)$

SCHEDULE OF NON-CASH NONCAPITAL, CAPITAL,

AND INVESTING ACTIVITIES
Gain/(loss) on disposition of capital assets (7,924)$ -$ (7,924)$ Adjustments from change in accounting principle 39,723 26,738 66,461 161

7+,63$*(,17(17,21$//</()7%/$1.
162

INTERNAL SERVICE FUNDS

Internal Service Funds are used to finance and account for special activities and services performed by a designated department for other departments in the City on a cost reimbursement basis.

Financial reporting standards require that for the Statement of Activities, the net revenues or expenses of each internal service fund be eliminated by netting them against the operations of the other City departments which generated them. The remaining balance sheet items are consolidated with these same funds in the Statement of Net Position.

The internal service funds below are presented separately in th e Internal Services Funds combining financial statements.

Fleet Fund. To account for the maintenance and replacement of vehicles used by City departments.

Facilities Fund. To account for building maintenance and custodial services for City departments.

Information Technology Fund. To account for the City’s informat ion technology infrastructure and related support services.

General Equipment Replacement Fund. To account for the replacement of equipment for City departments.

Worker’s Compensation Fund. To account for the City’s self-insurance program for workers’ compensation benefits and for the administration of various preventative programs.

General Liability Fund. To account for the cost of claims and administrative costs of the City’s self-insured general liability program.

Unemployment Reserve Fund. To a ccount for state and federal man dated unemployment insurance benefits for employees.

General Benefits. To account for the City’s insurance programs for employee benefits. 163

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Net Position
Internal Service Funds
June 30, 2025
ASSETS
Current assets:

Cash and investments 55,455,422$ 6,400,156$ 7,184,844$ 5,710,856$ Receivables (net of uncollectibles):

Accounts 2,811,762 45,781 44,016 16,006 Inventories 1,941,285 910 - - Prepaid costs 4,309,768 - - - Due from other funds 639,571 - - - Total current assets 65,157,808 6,446,847 7,228,860 5,726,862 Noncurrent:

Advances to other funds 3,598,108 - - - Capital assets not being depreciated 4,543,518 597,078 6,037,416 1,409,400 Capital assets - net of accumulated depreciation/amortization 26,009,747 85,904,345 2,369,598 1,395,626 Total noncurrent assets 34,151,373 86,501,423 8,407,014 2,805,026 Total assets 99,309,181 92,948,270 15,635,874 8,531,888

DEFERRED OUTFLOWS OF RESOURCES
Deferred pension related items 1,354,681 1,130,937 4,100,684 - Deferred OPEB related items 201,000 88,000 190,000 - Total deferred outflows of resources 1,555,681 1,218,937 4,290,684 -

LIABILITIES
Current liabilities:

Accounts payable 604,147 469,684 357,787 150,129 Accrued liabilities 152,706 116,397 401,376 - Unearned revenues 498 - - - Subscriptions 79,166 5,042 915,024 - Accrued compensated absences 223,586 124,726 581,791 - Accrued claims and judgments - - - - Total current liabilities 1,060,103 715,849 2,255,978 150,129 Noncurrent liabilities:

Accrued compensated absences 154,206 89,381 542,164 - Accrued claims and judgments - - - - Subscriptions 10,979 283 798,133 - Pension liability 5,815,256 4,854,793 17,603,069 - Net OPEB liability 1,665,000 1,123,000 1,002,000 - Total noncurrent liabilities 7,645,441 6,067,457 19,945,366 - Total liabilities 8,705,544 6,783,306 22,201,344 150,129

DEFERRED INFLOWS OF RESOURCES
Deferred OPEB related items 566,000 233,000 562,000 - Total deferred inflows of resources 566,000 233,000 562,000 -

NET POSITION
Net investment in capital assets 30,463,120 86,496,098 6,693,857 2,805,026 Unrestricted 61,130,198 654,803 (9,530,643) 5,576,733 Total net position 91,593,318$ 87,150,901$ (2,836,786)$ 8,381,759$ Fleet Facilities
Information
Technology
General
Equipment
Replacement
164

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Net Position
Internal Service Funds
June 30, 2025
ASSETS
Current assets:

Cash and investments
Receivables (net of uncollectibles):

Accounts
Inventories
Prepaid costs
Due from other funds
Total current assets
Noncurrent:

Advances to other funds
Capital assets not being depreciated
Capital assets - net of accumulated depreciation/amortization Total noncurrent assets
Total assets

DEFERRED OUTFLOWS OF RESOURCES
Deferred pension related items
Deferred OPEB related items
Total deferred outflows of resources

LIABILITIES
Current liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Subscriptions
Accrued compensated absences
Accrued claims and judgments
Total current liabilities
Noncurrent liabilities:

Accrued compensated absences
Accrued claims and judgments
Subscriptions
Pension liability
Net OPEB liability
Total noncurrent liabilities
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Deferred OPEB related items
Total deferred inflows of resources

NET POSITION
Net investment in capital assets
Unrestricted
Total net position
Total Internal
Service
Funds
11,997,988$ 1,337,900$ 2,102,170$ 1,446,967$ 91,636,303$ 62,576 10,568 7,785 4,000 3,002,494 - - - - 1,942,195 - - - - 4,309,768 - - - - 639,571 12,060,564 1,348,468 2,109,955 1,450,967 101,530,331 - - - - 3,598,108 - - - - 12,587,412 - - - - 115,679,316 - - - - 131,864,836 12,060,564 1,348,468 2,109,955 1,450,967 233,395,167 1,752 1,870 - - 6,589,924 - - - - 479,000 1,752 1,870 - - 7,068,924 218,612 278,848 45,770 163,957 2,288,934 - - - - 670,479 - - - - 498 - - - - 999,232 - - - - 930,103 4,198,852 1,461,203 - - 5,660,055 4,417,464 1,740,051 45,770 163,957 10,549,301 - - - - 785,751 9,875,634 4,536,475 - - 14,412,109 - - - - 809,395 7,519 8,027 - - 28,288,664 - - - - 3,790,000 9,883,153 4,544,502 - - 48,085,919 14,300,617 6,284,553 45,770 163,957 58,635,220 - - - - 1,361,000 - - - - 1,361,000 - - - - 126,458,101 (2,238,301) (4,934,215) 2,064,185 1,287,010 54,009,770 (2,238,301)$ (4,934,215)$ 2,064,185$ 1,287,010$ 180,467,871$ Unemployment
Reserve
General
Benefits
Workers'
Compensation
General
Liability
165

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Revenues, Expenses and
Changes in Net Position
Internal Service Funds
For the Year Ended June 30, 2025

OPERATING REVENUES
Charges for services 25,418,166$ 8,758,778$ 17,388,522$ 1,657,000$ Miscellaneous 866,157 27,729 41 - Total operating revenues 26,284,323 8,786,507 17,388,563 1,657,000

OPERATING EXPENSES
Administration and general - - - - Operations 12,106,867 10,119,219 16,453,209 108,807 Depreciation and amortization 6,180,071 4,227,433 2,313,365 498,086 Claims expense - - - - Total operating expenses 18,286,938 14,346,652 18,766,574 606,893 Operating income (loss) 7,997,385 (5,560,145) (1,378,011) 1,050,107

NONOPERATING REVENUES (EXPENSES)
Subventions and grants - - - - Interest income (loss) 3,200,350 395,788 420,995 212,976 Interest expense (688) (4) (47,514) - Gains (losses) on sale of capital assets (23,245) - - - Total nonoperating revenues (expenses) 3,176,417 395,784 373,481 212,976 Income (loss) before capital contributions and transfers 11,173,802 (5,164,361) (1,004,530) 1,263,083 Transfers in 49,903 - - 1,600,000 Transfers out - (148,469) - - Change in net position 11,223,705 (5,312,830) (1,004,530) 2,863,083 Net position-beginning 80,340,654 92,425,956 (1,967,053) 5,518,676 Restatements - change in accounting principles 28,959 37,775 134,797 - Net position-beginning, restated 80,369,613 92,463,731 (1,832,256) 5,518,676 Net position-ending 91,593,318$ 87,150,901$ (2,836,786)$ 8,381,759$ Fleet Facilities
Information
Technology
General
Equipment
Replacement
166

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Revenues, Expenses and
Changes in Net Position
Internal Service Funds
For the Year Ended June 30, 2025

OPERATING REVENUES
Charges for services
Miscellaneous
Total operating revenues

OPERATING EXPENSES
Administration and general
Operations
Depreciation and amortization
Claims expense
Total operating expenses
Operating income (loss)

NONOPERATING REVENUES (EXPENSES)
Subventions and grants
Interest income (loss)
Interest expense
Gains (losses) on sale of capital assets
Total nonoperating revenues (expenses)
Income (loss) before capital contributions and transfers Transfers in
Transfers out
Change in net position
Net position-beginning
Restatements - change in accounting principles
Net position-beginning, restated
Net position-ending
Total Internal
Service
Funds
8,063,806$ 12,786,753$ 424,589$ 2,357,878$ 76,855,492$ 296,295 - - - 1,190,222 8,360,101 12,786,753 424,589 2,357,878 78,045,714 - - 6,298 - 6,298 1,891,077 7,715,327 162,266 73,174 48,629,946 - - - - 13,218,955 4,844,868 3,979,022 - 2,255,686 11,079,576 6,735,945 11,694,349 168,564 2,328,860 72,934,775 1,624,156 1,092,404 256,025 29,018 5,110,939 666 455 - - 1,121 584,459 (213,890) 100,391 29,166 4,730,235 - - - - (48,206) - - - - (23,245) 585,125 (213,435) 100,391 29,166 4,659,905 2,209,281 878,969 356,416 58,184 9,770,844 - - - - 1,649,903 - - - - (148,469) 2,209,281 878,969 356,416 58,184 11,272,278 (4,447,582) (5,813,184) 1,707,769 1,228,826 168,994,062 - - - - 201,531 (4,447,582) (5,813,184) 1,707,769 1,228,826 169,195,593 (2,238,301)$ (4,934,215)$ 2,064,185$ 1,287,010$ 180,467,871$ Unemployment
Reserve
General
Benefits
Workers'
Compensation
General
Liability
167

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interfund charges 26,230,830$ 8,850,364$ 17,384,716$ 1,653,962$ Payments to suppliers and service providers (11,341,795) (9,669,254) (5,633,065) (51,024) Payments to employees for salaries and benefits (3,856,828) (117,489) (9,813,767) - Other receipts (payments) - - - - Net cash provided by (used for)
operating activities 11,032,207 (936,379) 1,937,884 1,602,938

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfers from other funds 49,903 - - 1,600,000 Transfers to other funds - (148,469) - - Interest paid on noncapital debt (688) - - - Payments from other funds on interfund borrowings 827,508 - - - Payments to other funds on interfund borrowings - - - - Operating grants and contributions - - - - Net cash provided by (used for)
noncapital financing activities 876,723 (148,469) - 1,600,000

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Proceeds from capital debt - 4,956 229,696 - Acquisition and construction of capital assets (12,109,874) (106,092) (2,565,576) (809,607) Principal paid on subscriptions (35,428) 191 (1,054,672) - Interest paid on capital debt - (4) (47,514) - Proceeds from sales of assets 1,082 - - - Net cash provided by (used for)
capital and related financing activities (12,144,220) (100,949) (3,438,066) (809,607)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments 1,255,207 146,354 150,203 75,862 Fair value adjustment 1,945,143 249,434 270,792 137,114 Net cash provided by (used for)
investing activities 3,200,350 395,788 420,995 212,976 Net increase (decrease) in
cash and cash equivalents 2,965,060 (790,009) (1,079,187) 2,606,307 Cash and cash equivalents-beginning 52,490,362 7,190,165 8,264,031 3,104,549 Cash and cash equivalents-ending 55,455,422$ 6,400,156$ 7,184,844$ 5,710,856$ Fleet Facilities
Information
Technology
General
Equipment
Replacement
168

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2025
Fleet Facilities
Information
Technology
General
Equipment
Replacement

RECONCILIATION OF OPERATING INCOME (LOSS)

TO NET CASH PROVIDED BY (USED FOR)

OPERATING ACTIVITIES
Operating income (loss) 7,997,385$ (5,560,145)$ (1,378,011)$ 1,050,107$ Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities:

Depreciation/amortization expense 6,180,071 4,227,433 2,313,365 498,086 (Increase) decrease in accounts receivable (53,991) 63,857 (3,847) (3,038) (Increase) decrease in inventories (602,696) 645 - - (Increase) decrease in prepaid items (1,594,855) - 3,861 - Increase (decrease) in accounts payable (1,011,268) 181,551 79,816 57,783 Increase (decrease) in accrued liabilities 18,941 17,778 67,447 - Increase (decrease) in unearned revenue 498 - - - Increase (decrease) in compensated absences 27,184 (4,501) 109,796 - Increase (decrease) in claims and judgments - - - - Increase (decrease) in pension and related items 215,938 125,003 772,457 - Increase (decrease) in OPEB and related items (145,000) 12,000 (27,000) - Total adjustments 3,034,822 4,623,766 3,315,895 552,831 Net cash provided by (used for)
operating activities 11,032,207$ (936,379)$ 1,937,884$ 1,602,938$

SCHEDULE OF NON-CASH NONCAPITAL, CAPITAL,

AND INVESTING ACTIVITIES
Gain/(loss) on disposition of capital assets (23,245)$ -$ -$ -$ Adjustments from change in accounting principle 28,959 37,775 134,797 - Initiation of subscriptions 126 268 98,712 - 169

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interfund charges
Payments to suppliers and service providers
Payments to employees for salaries and benefits
Other receipts (payments)
Net cash provided by (used for)
operating activities

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfers from other funds
Transfers to other funds
Interest paid on noncapital debt
Payments from other funds on interfund borrowings
Payments to other funds on interfund borrowings
Operating grants and contributions
Net cash provided by (used for)
noncapital financing activities

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Proceeds from capital debt
Acquisition and construction of capital assets
Principal paid on subscriptions
Interest paid on capital debt
Proceeds from sales of assets
Net cash provided by (used for)
capital and related financing activities

CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments
Fair value adjustment
Net cash provided by (used for)
investing activities
Net increase (decrease) in
cash and cash equivalents
Cash and cash equivalents-beginning
Cash and cash equivalents-ending
Totals
8,351,325$ 12,789,292$ 423,309$ 2,357,736$ 78,041,534$ (2,740,423) (11,478,773) (168,768) (2,278,592) (43,361,694) (1,496,675) (386,802) - - (15,671,561) (2,273,180) 2,164,748 - - (108,432) 1,841,047 3,088,465 254,541 79,144 18,899,847 - - - - 1,649,903 - - - - (148,469) - - - - (688) - - - - 827,508 - (1,537,130) - - (1,537,130) 666 455 - - 1,121 666 (1,536,675) - - 792,245 - - - - 234,652 - - - - (15,591,149) - - - - (1,089,909) - - - - (47,518) - - - - 1,082 - - - - (16,492,842) 209,490 - 36,306 10,101 1,883,523 374,969 (213,890) 64,085 19,065 2,846,712 584,459 (213,890) 100,391 29,166 4,730,235 2,426,172 1,337,900 354,932 108,310 7,929,485 9,571,816 - 1,747,238 1,338,657 83,706,818 11,997,988$ 1,337,900$ 2,102,170$ 1,446,967$ 91,636,303$ Workers'
Compensation
General
Liability
Unemployment
Reserve
General
Benefits
170

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Cash Flows
Internal Service Funds
For the Year Ended June 30, 2025

RECONCILIATION OF OPERATING INCOME (LOSS)

TO NET CASH PROVIDED BY (USED FOR)

OPERATING ACTIVITIES
Operating income (loss)
Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities:

Depreciation/amortization expense
(Increase) decrease in accounts receivable
(Increase) decrease in inventories
(Increase) decrease in prepaid items
Increase (decrease) in accounts payable
Increase (decrease) in accrued liabilities
Increase (decrease) in unearned revenue
Increase (decrease) in compensated absences
Increase (decrease) in claims and judgments
Increase (decrease) in pension and related items
Increase (decrease) in OPEB and related items
Total adjustments
Net cash provided by (used for)
operating activities

SCHEDULE OF NON-CASH NONCAPITAL, CAPITAL,

AND INVESTING ACTIVITIES
Gain/(loss) on disposition of capital assets
Adjustments from change in accounting principle
Initiation of subscriptions
Totals
Workers'
Compensation
General
Liability
Unemployment
Reserve
General
Benefits
1,624,156$ 1,092,404$ 256,025$ 29,018$ 5,110,939$ - - - - 13,218,955 (8,776) 2,539 (1,280) (142) (4,678) - - - - (602,051) - - - - (1,590,994) 5,975 215,576 (204) 50,268 (420,503) (11,081) (11,764) - - 81,321 - - - - 498 (49,639) (36,080) - - 46,760 973,985 2,164,748 - - 3,138,733 (693,573) (338,958) - - 80,867 - - - - (160,000) 216,891 1,996,061 (1,484) 50,126 13,788,908$ 1,841,047$ 3,088,465$ 254,541$ 79,144$ 18,899,847$ -$ -$ -$ -$ (23,245)$ - - - - 201,531 - - - - 99,106 171

7+,63$*(,17(17,21$//</()7%/$1.
172

PRIVATE PURPOSE TRUST FUNDS

Private-Purpose Trust funds are used to account for trust arrangements under which principal and income benefit private organizations or other governments.

Endowment Private-Purpose Trust Fund. To account for trust arra ngements under which principal and income benefit private organizations.

Successor Agency to the Redevelopment Agency Private-Purpose Trust Fund. To account for the activities of the Successor Agency to the former Redevelopment Agency of the City of Roseville. 173

Total Private
Purpose
Trust
Funds
ASSETS
Cash and investments in City Treasury 1,894,573$ 2,599,840$ 4,494,413$ Receivables:

Accounts 7,539 16,269 23,808 Restricted assets:

Cash and investments with fiscal agents - 60,424 60,424 Total assets 1,902,112 2,676,533 4,578,645

LIABILITIES
Accrued liabilities - 714,348 714,348 Due to beneficiaries - 32,096,821 32,096,821 Total liabilities - 32,811,169 32,811,169

NET POSITION
Restricted for private purposes, organization and other governments 1,902,112 (30,134,636) (28,232,524) Total net position 1,902,112$ (30,134,636)$ (28,232,524)$

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Private Purpose Trust Funds
June 30, 2025
Endowment
Private-
Purpose Trust
Successor
Agency to the
Redevelopment
Agency Private-
Purpose Trust
174

ADDITIONS
Property taxes, net of pass through payments -$ 5,442,044$ 5,442,044$ Investment income 119,920 128,893 248,813 Total additions 119,920 5,570,937 5,690,857

DEDUCTIONS
Contractual services 25,630 61,885 87,515 Net change in amount due to beneficiaries - 894,321 894,321 Total deductions 25,630 956,206 981,836 Net increase (decrease) in fiduciary net position 94,290 4,614,731 4,709,021 Net position-beginning 1,807,822 (34,749,367) (32,941,545) Net position-ending 1,902,112$ (30,134,636)$ (28,232,524)$

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
Successor
Agency to the
Redevelopment
Agency Private-
Purpose Trust
Endowment
Private-
Purpose Trust
Total Private
Purpose Trust
Funds
175

7+,63$*(,17(17,21$//</()7%/$1.
176

CUSTODIAL FUNDS

Custodial Funds account for assets held by the City as a custod ial for individuals, governmental entities, and non- public organizations. These funds include the following:

Special Assessments/Community Services Districts. To account for the monies collected and disbursed for land- based debt, where the City is not obligated for the debt. The beneficiaries of this fund are the bondholders.

North Roseville – Rocklin Sewer Refunding District. To account for debt service related to bonds issued to finance the construction of sewer infrastructure in North Roseville and Rocklin.

Foothills Boulevard Extension Assessment. To collect fees from new development to finance the extension of Foothills Boulevard.

Highway 65 JPA (Bizz Johnson J PA). This joint powers authority, which consists of the City, City of Rocklin and Placer County, was formed to fund interchanges off of Highway 65. The City acts as lead agency and treasurer. The fees are collected via buildi ng permits. The beneficiaries of this fund are the JPA participants.

Dry Creek Drainage Basin. Fees are collected via building permits for the Dry Creek area and submitted quarterly to Placer County for drainage mitigation. The beneficiary of this is Placer County.

County Capital Facilities Fee. This fee was established by Placer County to fund future county capital facilities from development. It is collected via building permits and submitted quarterly to the County. The beneficiary of this fund is the Placer County.

South Placer Wastewater Authority (SPWA). SPWA is a joint powers authority comprised of the City, Placer County and South Placer Municipal Utilities District. The City is acting as the treasurer and construction manager. This JPA was formed to issue debt to facilitate the construction of the regional wastewater infrastructure. The agencies collect regional wastewater connection fees and submit them to SPWA which is used for debt service payments and for the future expansion of facilities. The beneficiaries of this fund are the SPWA participants.

Special Sewer Benefit Areas. The Sewer Special Benefit Areas we re established to reimburse from properties benefiting from certain sewer infrastructure and oversized pipelines in portions of the City. The reimbursements are made to various project participants.

South Placer County Tourism Business Improvement District (SPCTBID). All hotels in the region are assessed fees for the purpose of promoting tourism in the area. These fees are forwarded to the City quarterly and then submitted quarterly to the SPCTBID. The beneficiary of this fund is SPCTBID.

External Traffic Mitigation Fees. These fees are collected via building permits and submitted quarterly to Placer County and Placer County Transportation Authority to fun d regional traffic mitigation due to new developments. The beneficiaries of this fund are Placer County and Southern Placer Regional Transportation Authority.

Placer County Air Pollution Control Fund. The fee is collected to provide funding for air quality mitigation. The beneficiary of this fund is the Placer County Air Pollution Control District.

Sierra College Boulevard Fund. To account for contributions to provide maintenance of bike trails and open space.

The beneficiaries of this fund is the Town of Loomis.

Special Assessment Collection Fees. To account for fees collected for Placer County's administration of the City's Special Assessments.

Developer Reimbursements. To account for developer reimbursements. 177

ASSETS
Cash and investments in City Treasury 30,269,982$ 3,657$ 1,485$ 264,202$ Receivables:

Accounts 1,511,887 4 2 526,813 Due from developers - - - - Restricted assets:

Cash and investments with fiscal agents 42,459,814 - - - Total assets 74,241,683 3,661 1,487 791,015

LIABILITIES
Accounts payable 5,304 - - 106,088 Accrued liabilities - - - - Unearned revenues 87,711 - - - Deposits payable - - - - Due to primary government - - - - Arbitrage liability - - - - Due to beneficiaries 73,605,025 - - 684,927 Total liabilities 73,698,040 - - 791,015

NET POSITION
Restricted for private purposes, organization and other governments 543,643 3,661 1,487 - Total net position 543,643$ 3,661$ 1,487$ -$ North
Roseville -
Rocklin Sewer
Refunding
District
Foothills
Boulevard
Extension
Assessment
Highway 65
JPA (Bizz
Johnson)

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2025
Special
Assessments/
Community
Facilities
Districts
178

ASSETS
Cash and investments in City Treasury
Receivables:

Accounts
Due from developers
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to primary government
Arbitrage liability
Due to beneficiaries
Total liabilities

NET POSITION
Restricted for private purposes, organization and other governments
Total net position

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2025 (Continued)
2$ 1,599,262$ 220,499,908$ 211,598$ 77 3,748 1,882,032 1,151 - - 1,057,494 - - - 43,152,373 - 79 1,603,010 266,591,807 212,749 79 1,603,010 1,338,736 - - - 1,865,795 - - - - - - - - 148,859 - - - - - - 213,734 - - - 263,173,542 - 79 1,603,010 266,591,807 148,859 - - - 63,890 -$ -$ -$ 63,890$ Dry Creek
Drainage
Basin
County Capital
Facilities
South Placer
Wastewater
Authority
(SPWA)
Special Sewer
Benefit Areas
179

ASSETS
Cash and investments in City Treasury
Receivables:

Accounts
Due from developers
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to primary government
Arbitrage liability
Due to beneficiaries
Total liabilities

NET POSITION
Restricted for private purposes, organization and other governments
Total net position

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2025
20,079$ 4,533,459$ 28,551$ 20,144$ 1,155,730 25,571,278 35,612 79
- - - - 516,638 - - - 1,692,447 30,104,737 64,163 20,223 640,451 4,560,829 - - - - - - - - - - - - - - - - - - - - - - 1,051,996 25,543,908 64,163 20,223 1,692,447 30,104,737 64,163 20,223 - - - - -$ -$ -$ -$ South Placer
County
Tourism
Business
Improvement
District
(SPCTBID)
Sierra College
Boulevard
Fund
External
Traffic
Mitigation
Fees
Placer County
Air Pollution
Control Fund
180

ASSETS
Cash and investments in City Treasury
Receivables:

Accounts
Due from developers
Restricted assets:

Cash and investments with fiscal agents
Total assets

LIABILITIES
Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to primary government
Arbitrage liability
Due to beneficiaries
Total liabilities

NET POSITION
Restricted for private purposes, organization and other governments
Total net position

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2025
Total
Custodial
Funds
14,171$ 1,217,068$ 258,683,568$
9 3,761 30,692,183 - - 1,057,494 - - 86,128,825 14,180 1,220,829 376,562,070
- 967,127 9,221,624
- - 1,865,795 - - 87,711 - 149,187 298,046
- - -
- - 213,734 - - 364,143,784 - 1,116,314 375,830,694 14,180 104,515 731,376
14,180$ 104,515$ 731,376$
Special
Assessment
Collection
Fees
Developer
Reimbursements
181

For the Year Ended June 30, 2025

ADDITIONS
Property taxes, net of pass through payments 41,870,008$ -$ -$ -$ Investment income 3,110,342 213 89 30,226 Contributions from members - - - - Levies assessed 46,244,649 - - - Permits fees - - - 1,753,205 Miscellaneous 123,386 - - 20 Total additions 91,348,385 213 89 1,783,451

DEDUCTIONS
Administrative expenses 1,203,572 - - - Net change in amount due to beneficiaries 90,121,640 - - 1,783,451 Total deductions 91,325,212 - - 1,783,451 Net increase (decrease) in fiduciary net position 23,173 213 89 - Net position-beginning 520,470 3,448 1,398 - Net position-ending 543,643$ 3,661$ 1,487$ -$

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
Special
Assessments/
Community
Facilities
Districts
North
Roseville -
Rocklin Sewer
Refunding
District
Foothills
Boulevard
Extension
Assessment
Highway 65
JPA (Bizz
Johnson)
182

For the Year Ended June 30, 2025

ADDITIONS
Property taxes, net of pass through payments
Investment income
Contributions from members
Levies assessed
Permits fees
Miscellaneous
Total additions

DEDUCTIONS
Administrative expenses
Net change in amount due to beneficiaries
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning
Net position-ending

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
(Continued)
-$ -$ -$ -$ 19 55,457 13,669,053 12,146 - - 29,150,063 - - - - - 7,717 4,850,658 - - - - - - 7,736 4,906,115 42,819,116 12,146 - - 12,800 - 4,245 4,795,710 42,806,316 -
4,245 4,795,710 42,819,116 -
3,491 110,405 - 12,146 (3,491) (110,405) - 51,744 -$ -$ -$ 63,890$ County
Capital
Facilities
South Placer
Wastewater
Authority
(SPWA)
Special Sewer
Benefit Areas

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
Dry Creek
Drainage
Basin
183

For the Year Ended June 30, 2025

ADDITIONS
Property taxes, net of pass through payments
Investment income
Contributions from members
Levies assessed
Permits fees
Miscellaneous
Total additions

DEDUCTIONS
Administrative expenses
Net change in amount due to beneficiaries
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning
Net position-ending

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
4,315,440$ -$ -$ -$ 17,945 91,021 1,245 617 - - - - - - - - - 17,087,406 44,388 24,825 - - - - 4,333,385 17,178,427 45,633 25,442 - - - - 4,333,386 17,171,190 70,333 24,048 4,333,386 17,171,190 70,333 24,048 (1) 7,237 (24,700) 1,394 1 (7,237) 24,700 (1,394) -$ -$ -$ -$ South Placer
County
Tourism
Business
Improvement
District
(SPCTBID)
Placer County
Air Pollution
Control Fund
Sierra College
Boulevard
Fund
External
Traffic
Mitigation
Fees
184

For the Year Ended June 30, 2025

ADDITIONS
Property taxes, net of pass through payments
Investment income
Contributions from members
Levies assessed
Permits fees
Miscellaneous
Total additions

DEDUCTIONS
Administrative expenses
Net change in amount due to beneficiaries
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning
Net position-ending

CITY OF ROSEVILLE, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
Total
Custodial
Funds
-$ -$ 46,185,448$ 822 29,786 17,018,981
- - 29,150,063 - - 46,244,649 - - 23,768,199 - - 123,406 822 29,786 162,490,746 - - 1,216,372 - - 161,110,319 - - 162,326,691 822 29,786 164,055
13,358 74,729 567,321
14,180$ 104,515$ 731,376$
Special
Assessment
Collection
Fees
Developer
Reimbursements
185

7+,63$*(,17(17,21$//</()7%/$1.
186

STATISTICAL SECTION
187

7+,63$*(,17(17,21$//</()7%/$1.
188

STATISTICAL SECTION

This part of the City’s Annual Comprehensive Financial Report p resents detailed information as context for understanding what the informati on in the financial statements, note disclosures, and required supplementary information says about the City’s overall financial health. In contrast to the financial section, the statistical section information is not subject to independent audit.

Financial Trends
These schedules contain trend information to help the reader understand how the City’s financial performance and financial condition have changed over time:

Net Position by Component
Changes in Net Position
Fund Balances of Governmental Funds
Changes in Fund Balances of Governmental Funds

Revenue Capacity
These schedules contain information to help the reader assess the City’s most significant local revenue sources:
sales tax, property tax, and electric revenue:

Sales Tax Revenue
Assessment Roll Values
Property Tax Rates - Direct and Overlapping Governments Principal Property Taxpayers
Property Tax Levies and Collections
Electric Customers and Revenues
Residential Energy Prices
Business Energy Prices

Debt Capacity
These schedules present information to help the reader assess t he affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future:

Ratio of Outstanding Debt by Type
Revenue Bond Coverage – 2014 Redevelopment Tax Allocation Bonds Revenue Bond Coverage – 2016 Redevelopment Tax Allocation Bonds Computation of Direct and Overlapping Debt
Computation of Legal Bonded Debt Margin

Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place:

Demographic and Economic Statistics
Principal Employers
Full-time Equivalent City Employees by Function
Operating Indicators by Function/Program
Capital Asset Statistics by Function/Program

189

7+,63$*(,17(17,21$//</()7%/$1.
190

2016 2017 2018 (a) 2019 2020 2021 2022 2023 2024 2025
Governmental Activities
Net Investment in Capital Assets 874,967,712$ 963,416,426$ 930,356,095$ 938,614,328$ 1,013,822,662$ 1,052,418,279$ 1,117,069,795$ 1,173,204,066$ 1,364,474,203$ 1,473,863,019$ Restricted 171,581,599 128,500,453 130,786,912 155,247,564 166,271,014 248,827,815 270,592,148 305,246,667 328,026,940 347,531,010 Unrestricted (93,575,847) (42,897,806) (125,570,328) (101,759,015) (132,007,818) (101,767,672) (81,202,973) (41,882,994) (37,109,852) (34,172,728) Total Governmental Activities Net Position 952,973,464$ 1,049,019,073$ 935,572,679$ 992,102,877$ 1,048,085,858$ 1,199,478,422$ 1,306,458,970$ 1,436,567,739$ 1,655,391,291$ 1,787,221,301$ Business-Type Activities
Net Investment in Capital Assets 1,156,762,308$ 1,164,442,267$ 1,174,477,350$ 1,231,485,112$ 1,350,027,938$ 1,630,310,774$ 1,715,883,382$ 1,780,454,523$ 1,821,203,859$ 1,954,508,896$ Restricted 33,300,330 35,568,403 48,717,018 45,469,335 53,658,787 39,344,197 42,455,904 28,392,219 32,665,361 30,845,382 Unrestricted 255,100,345 298,014,583 294,622,023 345,923,257 333,608,421 260,050,162 298,513,226 355,806,758 438,141,682 536,339,641 Total Business-Type Activities Net Position 1,445,162,983$ 1,498,025,253$ 1,517,816,391$ 1,622,877,704$ 1,737,295,146$ 1,929,705,133$ 2,056,852,512$ 2,164,653,500$ 2,292,010,902$ 2,521,693,919$ Primary Government
Net Investment in Capital Assets 2,031,730,020$ 2,127,858,693$ 2,104,833,445$ 2,170,099,440$ 2,363,850,600$ 2,682,729,053$ 2,832,953,177$ 2,953,658,589$ 3,185,678,062$ 3,428,371,915$ Restricted 204,881,929 164,068,856 179,503,930 200,716,899 219,929,801 288,172,012 313,048,052 333,638,886 360,692,301 378,376,392 Unrestricted 161,524,498 255,116,777 169,051,695 244,164,242 201,600,603 158,282,490 217,310,253 313,923,764 401,031,830 502,166,913 Total Primary Government Net Position 2,398,136,447$ 2,547,044,326$ 2,453,389,070$ 2,614,980,581$ 2,785,381,004$ 3,129,183,555$ 3,363,311,482$ 3,601,221,239$ 3,947,402,193$ 4,308,915,220$ (a) The City implemented the provisions of GASB Statements 75 in fiscal year 2018 and restated certain balances.

CITY OF ROSEVILLE

NET POSITION BY COMPONENT

(accrual basis of accounting)
Fiscal Year Ended June 30, 2025
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
2016 2017 2018 (b) 2019 2020 2021 2022 2023 2024 2025

IN MILLIONS
Net Investment in Capital Assets Restricted Unrestricted Source: City of Roseville's Annual Comprehensive Financial Report 191

2016 2017 2018 (a)(b) 2019 (d) 2020 (d) 2021 (c)(d) 2022 2023 (f) 2024 2025 Expenses
Governmental Activities:

General Government 24,156,228$ 23,477,949$ 19,793,110$ 16,000,782$ 20,144,744$ 18,900,319$ 34,983,617$ 30,408,563$ 31,537,474$ 35,465,356$ Police 34,215,809 27,989,234 46,653,023 51,686,063 47,310,738 50,161,215 45,040,064 57,910,588 78,246,619 62,867,269 Fire 28,336,652 21,870,763 38,336,994 42,893,789 36,861,715 36,101,836 34,771,572 46,008,926 52,951,565 48,469,187 Economic Development (e) - - - - - 4,177,122 463,922 4,037,655 4,260,139 9,217,184 Parks and Recreation 21,289,788 19,273,481 28,848,599 29,543,138 31,791,977 34,984,176 28,571,207 45,569,443 59,532,932 55,134,899 Public Works 12,786,495 15,499,737 21,316,464 10,732,197 17,390,714 3,801,296 25,624,477 25,578,805 25,441,993 30,259,754 Library 4,675,146 3,356,937 5,888,252 6,095,245 4,756,588 5,960,578 5,400,847 5,717,895 6,436,607 5,963,522 Development and Operations (e) 21,661,632 22,387,337 25,227,066 28,999,967 57,985,840 - - - - - Development Services (e) - - - - - 32,782,151 36,471,718 30,046,226 25,239,615 52,331,109 Annexation Payments (e) - - - - - 7,494,258 9,257,913 10,109,686 11,755,506 11,795,813 Housing Assistance Payments 4,077,451 4,216,417 4,248,895 4,673,530 7,386,919 5,706,057 6,908,949 7,933,095 9,889,257 11,883,265 Interest on Long-Term Debt 1,170,785 4,285,329 4,798,427 1,304,195 1,484,120 1,549,203 3,092,019 2,706,949 2,449,436 3,094,699 Total Governmental Activities Expenses 152,369,986$ 142,357,184$ 195,110,830$ 191,928,906$ 225,113,355$ 201,618,211$ 230,586,305$ 266,027,831$ 307,741,143$ 326,482,057$ Business-Type Activities:

Electric 141,831,457$ 150,984,130$ 149,337,786$ (c) 140,049,539$ 139,578,420$ 154,771,931$ 147,513,838$ 176,493,665$ 195,703,403$ 209,646,726$ Water 26,723,627 30,074,999 32,296,706 31,518,663 37,477,974 39,906,556 33,413,271 39,477,032 43,052,512 48,902,881 Wastewater 34,569,588 40,370,531 45,984,028 57,655,228 45,807,920 74,288,202 75,201,547 66,361,019 64,049,565 71,429,967 Solid Waste 17,778,385 18,307,460 22,628,907 24,131,176 26,489,550 25,082,857 27,344,263 34,853,055 38,397,224 39,230,255 Natural Gas 25,179,279 24,685,497 24,217,677 23,711,730 23,226,521 22,649,501 22,061,056 32,960,032 20,842,072 20,307,199 Golf Course 2,502,782 2,466,928 - - - - - - - - Local Transportation 7,985,912 8,195,699 9,895,357 10,441,459 10,790,475 9,544,110 11,588,006 10,084,151 11,441,873 11,627,657 School-Age Child Care 5,251,976 5,794,022 7,866,178 7,027,545 9,732,622 5,965,804 4,176,380 7,388,103 7,197,895 8,742,813 Total Business-Type Activities Expenses 261,823,006 280,879,266 292,226,639 294,535,340 293,103,482 332,208,961 321,298,361 367,617,057 380,684,544 409,887,498 Total Primary Government Expenses 414,192,992$ 423,236,450$ 487,337,469$ 486,464,246$ 518,216,837$ 533,827,172$ 551,884,666$ 633,644,888$ 688,425,687$ 736,369,555$ Program Revenues
Governmental Activities:

Charges for Services:

General Government 4,097,453$ 5,153,373$ 5,688,733$ 4,426,702$ 4,405,118$ 8,023,303$ 8,990,775$ 10,714,525$ 9,888,344$ 8,912,991$ Police 1,354,837 1,322,994 1,473,504 1,535,265 1,020,556 2,836,860 5,129,861 5,272,051 4,586,426 3,391,353 Fire 1,704,523 2,377,309 2,138,165 2,619,760 1,271,615 933,148 1,082,341 984,538 1,088,165 1,178,460 Economic Development (e) - - - - - 35,903 27,956 16,855 3,838 3,235,939 Parks and Recreation 13,093,192 14,657,957 17,469,661 18,747,740 6,445,595 16,731,091 18,943,647 20,919,645 19,814,429 19,191,117 Public Works 30,618 518,117 158,610 222,332 1,459,973 5,271,802 5,007,696 4,852,556 7,509,297 3,791,591 Library 128,689 24,085 18,561 15,069 94,298 134,472 45,688 45,492 - - Development and Operations (e) 8,941,215 10,370,206 12,440,599 12,124,757 15,847,685 - - - - - Development Services (e) - - - - - 27,002,711 30,095,194 35,920,467 26,350,762 32,939,555 Operating Contributions and Grants 18,730,677 21,033,377 17,220,739 16,951,285 18,652,630 28,456,130 31,679,581 30,067,233 34,263,602 40,139,581 Capital Contributions and Grants 38,641,052 35,523,510 27,774,425 40,652,774 69,325,319 85,770,557 54,421,381 65,893,965 167,168,410 82,897,168 Total Government Activities Program Revenues 86,722,256$ 90,980,928$ 84,382,997$ 97,295,684$ 118,522,789$ 175,195,977$ 155,424,120$ 174,687,327$ 270,673,273$ 195,677,755$ Business-Type Activities:

Charges for Services:

Electric 167,160,777$ 166,006,839$ 168,559,762$ 168,047,418$ 162,547,979$ 165,995,197$ 169,089,053$ 179,185,698$ 198,748,979$ 219,329,856$ Water 22,960,518 27,983,419 31,624,951 32,851,109 34,797,988 36,887,506 37,121,021 38,140,013 41,853,395 46,095,844 Wastewater 34,411,404 39,000,990 37,426,508 43,389,397 42,065,481 43,609,275 48,216,934 54,299,357 58,297,263 62,726,834 Solid Waste 22,403,352 23,111,497 24,257,746 25,227,177 26,859,636 28,638,281 35,553,901 41,683,100 42,914,350 44,216,080 Natural Gas 16,572,034 16,528,513 16,528,513 16,738,649 16,563,725 14,568,504 10,348,120 30,137,619 16,565,863 16,528,513 Golf Course 2,216,692 1,931,550 - - - - - - - - Local Transportation 1,177,935 1,396,957 1,138,726 1,114,798 923,491 268,884 371,942 386,541 518,454 684,414 School-Age Child Care 5,475,945 5,680,237 6,396,920 6,867,594 5,431,246 2,986,556 5,032,204 5,560,150 5,709,278 6,087,631 Operating Grants and Contributions 5,878,612 10,640,845 12,614,825 24,255,105 11,478,132 13,954,837 14,201,456 15,062,693 19,640,888 29,928,831 Capital Grants and Contributions 55,809,279 61,026,801 78,824,553 74,948,559 97,350,203 215,581,626 144,859,182 108,421,452 91,735,785 170,776,796 Total Business-Type Activities Program Revenue 334,066,548 353,307,648 377,372,504 393,439,806 398,017,881 522,490,666 464,793,813 472,876,623 475,984,255 596,374,799 Total Primary Government Program Revenues 420,788,804$ 444,288,576$ 461,755,501$ 490,735,490$ 516,540,670$ 697,686,643$ 620,217,933$ 647,563,950$ 746,657,528$ 792,052,554$ Net (Expense)/Revenue
Governmental Activities (65,647,730)$ (51,376,256)$ (110,727,833)$ (94,633,222)$ (106,590,566)$ (26,422,234)$ (75,162,185)$ (91,340,504)$ (37,067,870)$ (130,804,302)$ Business-Type Activities 72,243,542 72,428,382 85,145,865 (c) 98,904,466 (c) 104,914,399 (c) 190,281,705 (c) 143,495,452 105,259,566 95,299,711 186,487,301 Total Primary Government Net Expense 6,595,812$ 21,052,126$ (25,581,968)$ 4,271,244$ (1,676,167)$ 163,859,471$ 68,333,267$ 13,919,062$ 58,231,841$ 55,682,999$ (Continued)

CITY OF ROSEVILLE

CHANGES IN NET POSITION
Last Ten Fiscal Years
(accrual basis of accounting)
192

2016 2017 2018 (a)(b) 2019 (d) 2020 (d) 2021 (c)(d) 2022 2023 (f) 2024 2025

CITY OF ROSEVILLE

CHANGES IN NET POSITION
Last Ten Fiscal Years
(accrual basis of accounting)
General Revenues and Other Changes in Net Position
Governmental Activities:

Taxes:

Property Taxes 37,998,872$ 40,689,765$ 44,646,475$ 48,647,608$ 52,375,495$ 69,084,347$ 76,267,537$ 85,942,237$ 92,306,536$ 98,827,168$ Sales Taxes $52,993,394 $51,646,625 $50,710,102 $56,355,528 52,699,584 63,700,772 70,621,977 70,753,558 $70,122,618 $71,131,698 Local Sales Taxes - - - 4,218,788 19,669,535 24,509,762 28,328,053 28,827,172 29,944,203 29,880,036 Transient Occupancy Taxes - - 3,534,479 3,632,822 3,528,221 2,383,853 4,475,343 5,466,708 7,216,331 7,294,764 Other Taxes 7,745,155 7,104,703 4,854,967 4,725,497 15,357,338 2,758,248 4,737,994 4,097,937 4,195,688 4,694,529 Franchise Fees 2,168,413 2,310,192 2,363,377 2,280,503 2,023,411 2,401,009 2,513,172 2,548,454 2,431,708 2,043,140 Use of Money and Property 3,058,420 674,516 2,008,801 10,844,582 5,667,846 2,650,187 (22,222,277) (926,797) 23,771,910 31,913,724 Miscellaneous Revenues 191,255 18,688,013 10,143,729 2,823,273 128,480 351,002 9,039,528 3,676,766 15,178,439 4,983,306 Transfers 24,853,427 20,662,506 16,710,815 16,110,901 10,223,786 8,681,939 8,320,211 19,371,222 10,723,990 9,698,708 Extraordinary Item:

Gain/(Loss) from Sales of Capital Assets 4,729 25,137 3,522 1,523,918 899,851 - - - - - Total Government Activities 129,013,665$ 141,801,457$ 134,976,267$ 151,163,420$ 162,573,547$ 176,521,119$ 182,081,538$ 219,757,257$ 255,891,423$ 260,467,073$ Business-Type Activities:

Use of Money and Property 12,056,004$ 8,940,537$ 8,829,420$ (c) 22,202,296$ 19,716,829$ 8,341,902$ (11,424,903)$ 9,447,311$ 27,259,495$ 34,082,543$ Miscellaneous Revenues - - - - - 2,750,278 3,228,066 12,931,214 15,768,330 17,622,273 Transfers (24,853,427) (20,662,506) (16,710,815) (16,110,901) (10,223,786) (8,681,939) (8,320,211) (19,371,222) (10,723,990) (9,698,708) Gain/(Loss) from Sales of Capital Assets - - (548,308) 65,452 - (466,792) 168,975 (582,283) - - Special Item - - - - - - - - - - Total Business-Type Activities (12,797,423) (11,721,969) (8,429,703) 6,156,847 9,493,043 1,943,449 (16,348,073) 2,425,020 32,303,835 42,006,108 Total Primary Government 116,216,242$ 130,079,488$ 126,546,564$ 157,320,267$ 172,066,590$ 178,464,568$ 165,733,465$ 222,182,277$ 288,195,258$ 302,473,181$ Change in Net Position
Governmental Activities 63,365,935$ 90,425,201$ 24,248,434$ 56,530,198$ 55,982,981$ 150,098,885$ 106,919,353$ 128,416,753$ 218,823,553$ 129,662,771$ Business-Type Activities 59,446,119 60,706,413 76,716,162 105,061,313 114,407,442 192,225,154 127,147,379 107,684,586 127,603,546 228,493,409 Total Primary Government 122,812,054$ 151,131,614$ 100,964,596$ 161,591,511$ 170,390,423$ 342,324,039$ 234,066,732$ 236,101,339$ 346,427,099$ 358,156,180$ Restatement of Net Position
Governmental Activities -$ -$ -$ -$ -$ -$ -$ 1,753,211$ (e) -$ 2,167,239$ (h) Business-Type Activities - - - - - - - 116,402 (e) (246,144) (g) 1,189,608 (h) Total Restatement of Net Position -$ -$ -$ -$ -$ -$ -$ 1,869,613$ (246,144)$ 3,356,847$ (a) The City implemented the provisions of GASB Statements 75 in fiscal year 2018 and restated certain balances. (b) Net (Expense)/Revenue and Use of money and property for Business-Type activities for fiscal year 2018 have been updated to match with ACFR Statement of Activities. (c) Beginning in the fiscal year ended June 30, 2021, the City began reporting development and operations as separate lines named Development Services, Economic Development, and Annexation Payments. (d) The sales tax amounts have been restated back to 2019 to separate the local sales tax from the Bradley-Burns sales tax revenue. (e) The governmental activities had a total prior period restatement of $1,753,211. The general fund deferred inflows were overstated by $130,178 and the other governmental funds had a net overstatement of $1,623,041.The business-type activities had a total prior period restatement of $116,402. (f) The FY23 capital contributions and grants revenue and most of the functional expenses have been restated for a reclassification, with no net result on net position. (g) The business-type activities had a total prior period restatement of $246,144 in FY24. The School-Age Child Care fund had overstated revenue of $152,617 and the Local Transportation fund had overstated revenue of $93,527. (h) The City implemented the provisions of GASB Statement 101 in fiscal year 2025 and restated certain balances. 193

2016 2017 2018 (b) 2019 2020 2021 2022 2023 2024 2025
General Fund
Nonspendable 12,089,564$ 14,222,845$ 13,181,664$ 12,301,005$ 11,883,886$ 17,140,698$ 17,607,580$ 18,105,764$ 20,916,493$ 20,654,499$ Restricted - - - - - - - - 17,361,915 24,138,771 Committed - 727,155 - 14,092,262 31,781,588 31,946,376 40,548,686 111,076,368 99,102,888 92,921,067 Assigned 3,129,479 4,510,525 3,925,021 4,018,080 1,876,105 1,651,026 5,487,506 806,777 497,642 604,840 Unassigned 45,358,414 41,115,763 38,352,989 38,041,602 35,841,056 67,910,699 75,010,565 36,372,657 49,928,344 45,962,328 Total General Fund (a) 60,577,457$ 60,576,288$ 55,459,674$ 68,452,949$ 81,382,635$ 118,648,799$ 138,654,337$ 166,361,566$ 187,807,282$ 184,281,505$ All Other Governmental Funds
Nonspendable 16,964,800$ 16,964,800$ 16,916,061$ 17,782,400$ 17,797,906$ 17,287,404$ 15,359,642$ 14,539,216$ 14,886,578$ 15,735,046$ Restricted 148,224,236 147,157,295 144,792,470 178,080,236 148,473,108 196,437,769 203,672,042 237,367,796 229,599,544 237,347,492 Committed 794,928 147,222 - - - - - - - - Assigned 10,525,153 16,369,206 13,236,513 9,255,262 11,161,681 9,249,174 4,851,442 2,020,366 2,447,436 3,162,963 Unassigned (116,035) (2,079,194) (5,728,089) (4,307,209) (4,425,312) (3,212,589) (2,520,201) (2,775,739) (2,251,153) (2,551,441) Total All Other Governmental Funds (a) 176,393,082$ 178,559,329$ 169,216,955$ 200,810,689$ 173,007,383$ 219,761,758$ 221,362,925$ 251,151,639$ 244,682,405$ 253,694,060$ (a) The change in total fund balance for the General Fund and other governmental funds is explained in Management's Discussion and Analysis. (b) The City implemented the provisions of GASB Statements 75 in fiscal year 2018 and restated certain balances.

Fiscal Year Ended June 30, 2025

CITY OF ROSEVILLE

FUND BALANCES OF GOVERNMENTAL FUNDS
Last Ten Fiscal Years
(modified accrual basis of accounting)
$-
$50
$100
$150
$200
$250
$300
2016 2017 2018 (b) 2019 2020 2021 2022 2023 2024 2025

IN MILLIONS
Total General Fund (a) Total All Other Governmental Funds (a) Source: City of Roseville's Annual Comprehensive Financial Report 194

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Revenues
Taxes 106,209,940$ 106,882,600$ 111,838,688$ 127,146,378$ 142,385,091$ 166,131,671$ 186,944,076$ 197,636,066$ 203,785,376$ 211,828,195$ Licenses and Permits 2,723,234 3,268,160 3,001,719 3,009,035 3,325,365 4,668,439 5,035,341 4,630,839 4,494,585 4,723,974 Subventions and Grants 10,662,888 17,814,381 12,925,977 11,936,638 10,018,531 30,258,509 27,924,403 28,824,254 33,227,907 33,165,581 Charges for Services 28,398,884 36,270,061 44,541,860 34,187,231 40,356,582 55,355,261 63,387,310 72,317,748 64,346,699 65,997,334 Use of Money and Property 3,608,140 8,063,026 13,580,949 13,263,366 8,981,599 1,424,915 (18,836,350) (302,748) 20,646,684 27,231,695 Fine, Forfeitures and Penalties 1,192,435 1,231,989 1,399,287 1,265,762 960,400 229,578 470,530 401,617 524,897 589,657 Contributions from Developers and Others 4,847,097 2,256,674 2,260,841 29,979,263 562,934 3,907,958 4,677,528 4,983,628 3,880,967 4,971,549 Impact Fees - - - - - - - - 199,847 - Miscellaneous Revenues 24,820,495 24,799,603 6,022,224 9,449,575 4,738,808 2,382,049 8,507,072 4,077,637 6,486,821 4,904,664 Revenues from Other Agencies - - - - 42,792,416 79,824,452 53,499,031 8,421,724 35,742,165 47,910,487 Total Revenues 182,463,113$ 200,586,494$ 195,571,545$ 230,237,248$ 254,121,726$ 344,182,832$ 331,608,941$ 320,990,765$ 373,335,948$ 401,323,136$ Expenditures
Current:

General Government 26,308,369$ 31,494,060$ 15,296,075$ 8,137,625$ 19,257,171$ 19,760,855$ 29,039,710$ 26,699,042$ 27,495,756$ 33,154,484$ Public safety:

Police 34,565,899 35,785,791 39,817,024 41,422,622 46,233,948 48,827,743 55,404,248 57,732,240 65,001,746 67,674,069 Fire 28,792,370 30,357,023 32,689,465 34,056,248 36,192,976 35,706,906 43,675,124 42,419,179 44,196,925 51,639,683 Economic Development (a) - - - - - 4,090,181 3,043,366 2,485,431 3,315,252 9,344,784 Parks and Recreation 21,111,520 21,451,673 25,483,508 26,124,783 27,726,357 29,493,997 32,809,285 39,579,895 44,808,963 49,208,862 Public Works 6,069,793 7,060,201 8,138,529 8,326,467 13,663,550 13,112,941 19,730,670 20,043,032 16,903,719 18,780,027 Library 4,120,111 4,155,157 5,224,590 5,039,164 5,017,004 5,241,683 5,540,892 5,305,710 5,455,548 6,025,044 Development and Operations (a) 16,042,793 21,992,856 16,435,711 18,745,408 50,790,267 - - - - - Development Services (a) - - - - - 34,739,488 38,095,930 28,078,125 22,758,141 52,894,590 Housing Assistance Payments 4,077,451 4,216,417 4,248,895 4,673,530 5,155,267 5,706,057 6,908,949 7,933,095 9,646,964 11,883,265 Capital Outlay 37,821,774 59,258,478 49,553,074 39,316,183 65,792,166 68,814,087 62,876,772 26,090,853 113,408,448 87,201,392 Payments Under Development Agreements 567,619 - - - - - - - - - Annexation Payments 4,076,406 4,734,193 5,775,035 6,140,795 7,083,307 7,494,258 9,257,913 10,109,686 11,755,506 11,795,813 Debt Service:

Principal Retirement 863,892 1,098,509 1,532,317 1,561,381 2,072,817 1,613,400 3,953,223 1,700,223 1,743,672 1,301,916 Interest and Fiscal Charges 1,079,183 4,221,646 4,948,323 1,510,734 1,524,178 1,590,708 3,125,875 2,666,495 2,545,875 3,138,043 Total Expenditures 185,497,180$ 225,826,004$ 209,142,546$ 195,054,940$ 280,509,008$ 276,192,304$ 313,461,957$ 270,843,006$ 369,036,515$ 404,041,972$ Excess (Deficiency) of Revenues Over
(Under) Expenditures (3,034,067)$ (25,239,510)$ (13,571,001)$ 35,182,308$ (26,387,282)$ 67,990,528$ 18,146,984$ 50,147,759$ 4,299,433$ (2,718,836)$ Other Financing Sources (Uses)
Proceeds from Leases -$ -$ -$ -$ -$ -$ 208,245$ -$ -$ -$ Debt Issued 14,425,000 - - - - - - - - - Premium on Debt Issued 862,056 - - - - - - - - - Proceeds from Sale of Property - - - 1,521,727 880,994 7,312,878 192,683 10,799 9,077 7,440 Transfers In 53,202,949 43,364,097 28,539,336 30,941,685 28,265,421 20,712,442 25,464,243 22,322,066 25,672,955 26,743,505 Transfers Out (34,394,329) (23,201,601) (24,102,321) (23,058,711) (17,632,753) (11,995,309) (22,405,450) (14,763,097) (15,004,983) (18,546,231) Payment to Bond Escrow Agent - - - - - - - - - - Total Other Financing Sources (Uses) 34,095,676$ 20,162,496$ 4,437,015$ 9,404,701$ 11,513,662$ 16,030,011$ 3,459,721$ 7,569,768$ 10,677,049$ 8,204,714$ Net Change in Fund Balances
Before Restatement 31,061,609$ (5,077,014)$ (9,133,986)$ 44,587,009$ (14,873,620)$ 84,020,539$ 21,606,705$ 57,717,527$ 14,976,482$ 5,485,878$ Restatements - - - - - - - (221,584) (c) - - Net Change in Fund Balances 31,061,609$ (5,077,014)$ (9,133,986)$ 44,587,009$ (14,873,620)$ 84,020,539$ 21,606,705$ 57,495,943$ 14,976,482$ 5,485,878$ Debt Service as a Percentage of
Noncapital Expenditures 1.3% (b) 3.2% (b) 4.1% 2.0% 1.7% 1.7% 3.1% 2.2% 1.5% 1.4% (a) Beginning in the fiscal year ended June 30, 2021, the City began reporting development and operations as separate lines named Development Services, Economic Development, and Annexation Payments (b) In fiscal year 2018, the City recalculated these percentages. (c) The governmental funds had a restatement that resulted in a decrease to fund balance of $221,584.

CITY OF ROSEVILLE

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
Last Ten Fiscal Years
(modified accrual basis of accounting)
Source: City of Roseville's Annual Comprehensive Financial Report 195

4060/3021 3026 4061/3027
Fiscal Year Bradley-Burns Sales Tax
Triple Flip - In Lieu Sales
Tax
Measure B Local Sales
Tax
2016 (a) 43,559,785 9,433,609 -
2017 51,646,625 - - 2018 (b) 50,710,102 - - 2019 (c) 56,355,528 - 4,218,788 2020 52,699,584 - 19,669,535 2021 63,700,772 - 24,509,762 2022 70,621,977 - 28,328,053 2023 70,753,558 - 28,827,172 2024 70,122,618 - 29,944,203 2025 71,131,698 29,880,035
(a) The State Triple Flip ended with a one-time additional payment for the final quarter. (b) Sales tax decreased due to a one-time processing delay associated with the state implementing a new tax collection system. (c) Voters approved the Measure B local sales tax in November 2018, effective April 1, 2019, increasing the sales tax rate from 7.25% to 7.75%.

CITY OF ROSEVILLE

SALES TAX REVENUE
Last Ten Fiscal Years
$0
$20
$40
$60
$80
$100
2016 (a) 2017 2018 (b) 2019 (c) 2020 2021 2022 2023 2024 2025

IN MILLIONS
Bradley-Burns Sales Tax Triple Flip - In Lieu Sales Tax Measure B Local Sales Tax Source: City of Roseville's Annual Comprehensive Financial Report 196

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Secured
Land 5,038,592,302$ 5,343,255,434$ 5,619,414,445$ 5,929,903,660$ 6,340,278,943$ 6,679,852,992$ 7,075,833,844$ 7,649,096,782$ 8,157,770,073$ 8,724,022,035$ Structure 13,670,305,499 14,619,778,326 15,565,619,635 16,427,163,485 18,093,106,729 19,204,141,847 20,547,280,455 22,412,961,248 24,026,203,423 25,472,276,768 Fixtures 72,381,116 54,816,121 71,994,553 71,059,765 72,781,190 52,101,460 109,605,403 142,133,251 166,271,542 186,154,343 Personal Property 176,564,870 173,880,661 128,012,551 146,059,048 185,265,472 240,746,236 214,126,109 212,551,774 222,900,004 274,689,582 Gross 18,957,843,787$ 20,191,730,542$ 21,385,041,184$ 22,574,185,958$ 24,691,432,334$ 26,176,842,535$ 27,946,845,811$ 30,416,743,055$ 32,573,145,042$ 34,657,142,728$ Exemptions (1,196,368,326) (1,240,797,255) (1,287,075,877) (1,010,838,236) (1,586,206,981) (1,693,401,545) (1,876,457,223) (1,956,468,024) (2,058,504,682) (2,216,725,091) Net Value 17,761,475,461$ 18,950,933,287$ 20,097,965,307$ 21,563,347,722$ 23,105,225,353$ 24,483,440,990$ 26,070,388,588$ 28,460,275,031$ 30,514,640,360$ 32,440,417,637$ Unsecured
Land 14,751,078$ 15,636,657$ 16,035,546$ 16,244,979$ 16,533,626$ 17,169,271$ 17,318,630$ 17,648,076$ 13,883,203$ 14,202,072$ Structure 40,572,958 41,034,119 41,858,259 42,756,495 43,960,455 45,727,053 45,888,059 46,304,816 23,298,056 23,872,444 Fixtures 210,899,452 219,812,361 232,332,616 211,812,302 209,973,531 209,539,891 210,752,175 220,577,778 245,005,423 255,174,254 Personal Property 508,561,032 586,873,115 568,397,250 569,809,275 625,422,860 675,077,829 647,792,897 694,890,801 758,660,039 797,120,199 Gross 774,784,520$ 863,356,252$ 858,623,671$ 840,623,051$ 895,890,472$ 947,514,044$ 921,751,761$ 979,421,471$ 1,040,846,721$ 1,090,368,969$ Exemptions (93,563,794) (114,427,098) (112,467,389) (109,637,206) (104,116,407) (99,538,096) (123,172,469) (130,797,312) (141,646,325) (137,358,080) Net Value 681,220,726 748,929,154 746,156,282 730,985,845 791,774,065 847,975,948 798,579,292 848,624,159 899,200,396 953,010,889 Total Net
Assessed Value (a) 18,442,696,187$ 19,699,862,441$ 20,844,121,589$ 22,294,333,567$ 23,896,999,418$ 25,331,416,938$ 26,868,967,880$ 29,308,899,190$ 31,413,840,756$ 33,393,428,526$ Direct Tax Rate (b) 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Article XIIIA, added to the California Constitution by Proposition 13 in 1978 fixed the base for valuation of property subject to taxes at the full cash value which appeared on the Assessor's 1975/76 assessment roll. Thereafter, full cash value can be increased to reflect:
- annual inflation up to 2%; or
- market value at the time of ownership change; or
- market value for new construction.

California cities do not set their own direct tax rate. The state constitution establishes the rate at 1% and allocates a portion of that amount, by an annual calculation, to all the taxing entities within a tax rate area.

CITY OF ROSEVILLE

ASSESSMENT ROLL VALUES
Last Ten Fiscal Years
Source: Placer County Property Assessment Roll Values
197

Direct Rate
Basic Eureka Dry Creek Roseville
Fiscal County School School Elementary High
Year Wide Levy District District Schools Schools Total (a) 2016 1.0000 0.0362 0.0666 0.0434 0.0454 1.0941
2017 1.0000 0.0376 0.0651 0.0436 0.0500 1.0988
2018 1.0000 0.0397 0.0701 0.0115 0.0521 1.0925
2019 1.0000 0.0190 0.0720 0.0101 0.0437 1.0774
2020 1.0000 0.0183 0.0712 0.0103 0.0477 1.0810
2021 1.0000 0.0053 0.0710 0.0098 0.0418 1.0706
2022 1.0000 0.0043 0.0753 0.0097 0.0350 1.0648
2023 1.0000 0.0000 0.0423 0.0091 0.0345 1.0516
2024 1.0000 0.0000 0.0433 0.0093 0.0129 1.0304
2025 1.0000 0.0000 0.0328 0.0082 0.0161 1.0298
(a) Total Overlapping Rates uses an average of Eureka School District, Dry Creek School District and Roseville Elementary School Overlapping Rates

CITY OF ROSEVILLE

PROPERTY TAX RATES

DIRECT & OVERLAPPING GOVERNMENTS
Last Ten Fiscal Years
$0.000
$0.010
$0.020
$0.030
$0.040
$0.050
$0.060
$0.070
$0.080
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

PER HUNDRED
Eureka School District Dry Creek School District Roseville Elementary Schools High Schools Source: Placer County Property Tax Information
198

Percent of Percent of
Total City Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Property Owner Primary Land Use Rank Value Value Rank Value Value Roseville Shoppingtown LLC Shopping Center 1 544,478,818$ 1.67% 1 417,439,536$ 2.33% BREIT Wave MF SC Owner LLC Apartments 2 167,411,317 0.51% Mount Pleasant Realty LLC Shopping Center 3 125,500,000 0.38% Harvest-USIV LLC & Harvest-USHII LLC Apartments 4 118,137,848 0.36% DC Roseville Owner LLC Office Building 5 108,614,070 0.33% US Alliance Holden of Roseville II LLC Apartments 6 106,727,147 0.33% DA - 20A Ascent LLC Apartments 7 100,844,099 0.31% Rosemeade Residential Holdings LLC Apartments 8 94,271,492 0.29% 4 80,150,650 0.45% DDR Creekside LP Commercial 9 85,368,962 0.26% 10 53,812,980 0.30% Eureka Development Company LLC Office Building 10 82,389,843 0.25% Hometown Diamond K LLC Mobile Home Park 11 82,248,250 0.25% Walmart Stores Inc Commercial 12 80,884,625 0.25% 6 76,140,707 0.42% Roseville Fountains LP Shopping Center 13 79,544,505 0.24% 8 66,050,579 0.37% CW FBI Sacramento LLC Industrial 14 78,245,351 0.24% Oakmont Properties - Creeside LLC Apartments 15 75,358,691 0.23% W2005 Fargo Hotels Pool C Realty LP Hotel 16 72,671,300 0.22% 11 51,028,349 0.28% Fiddyment Homes LLC Residential Development 17 72,334,841 0.22% PPF AHP OFF Parkway Corporate Plaza Owner Office Building 18 70,043,160 0.21% BRE Sierra View Owner LLC Industrial 19 65,361,746 0.20% Allegro Sacramento Commercial 20 59,789,913 0.18% Hewlett Packard Co. Industrial 2 137,190,170 0.76% Slate Creek Roseville LLC Apartments 3 81,809,449 0.46% BEP Roseville Investors LLC Office Building 5 78,285,118 0.44% Timberpine Holdings LLC Industrial 7 66,198,907 0.37% CPT Creekside Town Center LLC Shopping Center 9 63,772,773 0.36% BBC Roseville Oaks LLC Commercial 12 50,998,998 0.28% NNN Parkway Corporate Plaza LLC Office Building 13 45,350,000 0.25% Mourier Land Investment Corporation Office Building 14 44,389,612 0.25% Terraces at Highland Property Owner LLC Apartments 15 42,436,644 0.24% Lennar Homes of California Residential Development 16 42,321,254 0.24% Safeway Inc Commercial 17 41,829,424 0.23% Pinnacle OPID LLC & Pinnacle PCC LLC Apartments 18 40,991,754 0.23% Forest Cove 388 LLC Apartments 19 40,250,020 0.22% John L. Sullivan Family LP Auto Dealership 20 39,750,863 0.22% Total 2,270,225,978$ 6.96% 1,560,197,787$ 8.70% Fiscal Year: 2024-2025 2015-2016
Local Secured Assessed Valuation: 32,624,477,037$ 17,934,186,461$ 2025 2016

CITY OF ROSEVILLE

PRINCIPAL PROPERTY TAXPAYERS
Current Year and Nine Years Ago
Source: California Municipal Statistics, Inc.
199

Fiscal Year Total Tax
Ended Levy for
June 30 Fiscal Year Amount Percentage of Levy
2016 28,692,626$ 28,454,477$ 99.17%
2017 30,888,183 30,650,344 99.23%
2018 33,112,938 32,881,148 99.30%
2019 35,949,987 35,709,122 99.33%
2020 39,271,409 38,729,463 98.62%
2021 42,188,818 41,859,745 99.22%
2022 45,487,115 45,123,218 99.20%
2023 50,393,320 49,970,016 99.16%
2024 54,835,038 54,363,457 99.14%
2025 58,818,144 58,306,426 99.13%
Notes:

Current tax collections beginning in 1993 have been reduced by a mandatory tax reallocation imposed by the State of California.

Placer County uses an estimate for the delinquency rate and compiles delinquency as a lump sum.

Subsequent collections are not broken out by fiscal year from the County, and therefore this information is not available.

Collected within the
Fiscal Year of the Levy

CITY OF ROSEVILLE

PROPERTY TAX LEVIES AND COLLECTIONS
Last Ten Fiscal Years
$0
$10
$20
$30
$40
$50
$60
$70
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

IN MILLIONS
Total Tax Levy Tax Levy Collected
Source: Placer County
200

Rank Business Type (a)
kWh
(kilowatt-hour) Percent Total kWh Revenue
Percent of Total
Revenue
1 Government and Utilities 36,988,765 3.12% $6,346,695 2.96% 2 Medical Care 36,057,201 3.04% $5,395,841 2.51% 3 Administrative/Office Space/
Research and Development 35,721,600 3.01% $4,716,378 2.20% 4 Medical Care 30,431,812 2.56% $4,296,743 2.00% 5 Manufacturing 24,012,800 2.02% $3,164,002 1.47% 6 Retail EV Charging 12,404,005 1.04% $2,269,706 1.06% 7 Retail and Property Management 12,111,147 1.02% $2,043,415 0.95% 8 Retail 10,295,934 0.87% $1,607,007 0.75%
9 School 8,893,608 0.75% $1,503,955 0.70%
10 Grocery 8,814,580 0.74% $1,448,993 0.67% Total 215,731,452 18.17% $32,792,734 15.27%
Electric Sales Revenue as of June 30, 2025
Residential 108,749,896$
Commercial 105,954,853
Total 214,704,749$
(a) Customer's name are not shown in accordance with the City's Administrative Regulation regarding confidentiality of customers.

CITY OF ROSEVILLE

ELECTRIC CUSTOMERS AND REVENUES
Ten Largest Electric Customers as of June 30, 2025
Source: City of Rosevile Electric Department
201

Residential
Basic Service Charge (per meter, per month)
Energy Charge ($/kWh)
Tier 1- up to 500 kWh/month
Tier 2- greater than 500 kWh/month
Renewable Energy Surcharge ($/kWh)
Greenhouse Gas Surcharge ($/kWh)
Hydroelectric Adjustment ($/kWh) (a)
State Energy Surcharge ($/kWh)
Rates are prorated.

Solar Customer Buyback Rate
Net Energy Metering (b)
Surplus Energy Compensation Rate ($/kWh)
Roseville Solar 2.0 (c)
Surplus Energy Compensation Rate ($/kWh)
Special Residential Rates
Electric Rate Assistance Program
Residents meeting certain income criteria may be eligible for a 20% discount on electric service.

Medical Rate Assistance Program
Residents meeting certain income and medical device use criteria may be eligible for a 50% discount on the first 500 kWh and 20% on all other kWh electric usage.

Medical Notification Program
Residents can notify the City of Roseville of the residential use of essential medical support equipment.

This program allows the City to comply with the California Public Utility code 10010. (a) There is a hydroelectric adjustment in effect from July 2024 through June 2025. (b) Rate closed October 1, 2018. Surplus energy compensation rates are subject to revision by City Council as energy prices and system requirements change.
(c) The State of California allows electric utilities to implement a new solar buyback rate once solar exceeds 5% of the utility’s system peak.

Roseville Electric Utility now exceeds 5% solar. Per the City of Roseville Municipal Code, beginning October 1, 2018 customers will be enrolled in Roseville Solar 2.0. This change will not affect customers who installed solar before October 1, 2018 until 2028. Net Energy Metering customers will continue with net energy metering for up to 20 years (10 minimum) from the date of system interconnection.

Surplus energy compensation rates are subject to revision by City Council as energy prices and system requirements change. $30.00

CITY OF ROSEVILLE

RESIDENTIAL ENERGY PRICES
Effective January 1, 2025
$0.1176
$0.0691
$0.1469
$0.1912
$0.0056
$0.0002
$0.00157
$0.00030
Source: City of Roseville Electric Department
202

Small General Service (GS-1) Summer
(Demand < 20 kW)
Basic Service Charge (per meter, per month) $44.00 $44.00 Energy Charge ($/kWh) $0.1422 $0.1642
Renewable Energy Surcharge ($/kWh) $0.0056 $0.0056
Greenhouse Gas Surcharge ($/kWh) $0.0002 $0.0002
Hydroelectric Adjustment ($/kWh) $0.00157 $0.00157
State Energy Surcharge ($/kWh) $0.00030 $0.00030
Medium General Service (GS-2) Summer
(20 kW < Demand ≤ 500 kW)
Basic Service Charge (per meter, per month) $65.00 $65.00 Demand Charge($/kW-month) $6.16 $6.16
Energy Charge ($/kWh) $0.1433 $0.1724
Renewable Energy Surcharge ($/kWh) $0.0056 $0.0056
Greenhouse Gas Surcharge ($/kWh) $0.0002 $0.0002
Hydroelectric Adjustment ($/kWh) $0.00157 $0.00157
State Energy Surcharge ($/kWh) $0.00030 $0.00030 Optional GS-2 TOU Medium General Service Large General Service (GS-3) Summer
(500 kW < Demand ≤ 1000 kW)
Basic Service Charge (per meter, per month) $561.00 $561.00 Demand Charge ($/kW-month) $6.60 $11.57
Energy Charge
Off Peak ($/kWh) $0.0975 $0.1272
On Peak ($/kWh) $0.1272 $0.1566
Super Peak ($/kWh) $0.1272 $0.2010
Renewable Energy Surcharge ($/kWh) $0.0056 $0.0056
Greenhouse Gas Surcharge ($/kWh) $0.0002 $0.0002
Hydroelectric Adjustment ($/kWh) $0.00157 $0.00157
State Energy Surcharge ($/kWh) $0.00030 $0.00030
Very Large General Service (GS-4) Summer
(Demand > 1000 kW)
Basic Service Charge (per meter, per month) $641.00 $641.00 Demand Charge ($/kW-month) $6.71 $11.51
Energy Charge
Off Peak ($/kWh) $0.0950 $0.1238
On Peak ($/kWh) $0.1215 $0.1504
Super Peak ($/kWh) $0.1215 $0.1969
Renewable Energy Surcharge ($/kWh) $0.0056 $0.0056
Greenhouse Gas Surcharge ($/kWh) $0.0002 $0.0002
Hydroelectric Adjustment ($/kWh) $0.00157 $0.00157
State Energy Surcharge ($/kWh) $0.00030 $0.00030
Time of Use (TOU) seasons, days, hours, holidays:

Winter - October through May // Summer - June through September Off Peak: 10:00pm to 7:00am Monday through Friday (Except Holidays) All Day Saturday, Sunday, and Holidays
On Peak: 7:00am to 4:00pm AND 7:00pm to 10:00pm Monday through Friday (Except Holidays)
Super Peak: 4:00pm to 7:00pm Monday through Friday (Except Holidays) Holidays are defined as: New Years Day, Martin Luther King Day, Presidents' Day, Memorial Day, Labor Day, Columbus Day, Veterans' Day, Thanksgiving Day, and Christmas Day.

There is a hydroelectric adjustment in effect from July 2024 through June 2025.

The California State Energy Surcharge may change from time to time as specified in State law.

Winter
Note: General Service Customers include all commercial, industrial, governmental and other non-residential customers.

CITY OF ROSEVILLE

BUSINESS ENERGY PRICES
Effective January 1, 2025
Winter
Winter
Winter
Rates are prorated and a 2% discount is available for primary service customers.

Source: City of Roseville Electric Department
203