Item 04 - Fiscal Year 2020-21 Annual Comprehensive Financial Report (ACFR) (PDF-4336 KB) — Sacramento City Council, February 8, 2022 (part 2 of 3)

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 8 – PENSION PLANS (Continued)

Net Pension Liability (Continued)

Sensitivity of the Net Pension Liabilit y to Changes in the Discount Rate – The following presents the net pension liability of the City for each Plan, calculated us ing the discount rate for each Plan, as well as what the City’s net position liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1- percentage point higher than the current rate:

Miscellaneous Safety Total
1% Decrease 6.15% 6.15% 6.15%
Net Pension Liability 612,125$ 992,057$ 1,604,182$ Current Discount Rate 7.15% 7.15% 7.15%
Net Pension Liability 404,912$ 693,566$ 1,098,478$ 1% Increase 8.15% 8.15% 8.15%
Net Pension Liability 234,389$ 449,309$ 683,698$

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

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

For the fiscal year ended June 30, 2021, the City recognized pension expense of $55,957 and $103,816 for the Miscellaneous and Safety Plans respectively. At June 30, 2021, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Pension contributions subsequent to
measurement date 43,941 $ - $ 66,915$ - $ 110,856$ - $ Changes of assumption - - 26,256 7,483 26,256 7,483 Differences between actual and expected experience 5,729 - 40,694 3,700 46,423 3,700 Net differences between projected and actual
earnin
gs on plan investments 8,880 - 11,150 - 20,030 - Total 58,550$ -$ 145,015$ 11,183$ 203,565$ 11,183$ Miscellaneous Plan Safety Plan Total

The amount of $110,856 reported as defe rred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of t he net pension liability in the fiscal year ended June 30, 2022. Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized as increases in pension expense as follows:

Fiscal Year Ending
June 30, Miscellaneous Plan Safety Plan Total
2022 1,170 $ 20,810 $ 21,980 $ 2023 3,704 17,261 20,965 2024 5,383 17,304 22,687 2025 4,352 11,145 15,497 2026 - 397 397 Total 14,609 $ 66,917 $ 81,526 $

Page 116 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 8 – PENSION PLANS (Continued)

SCERS

The City reports SCERS as a pension trust fund. SCERS issues a publicly available financial report that includes financial statements and required supplementary info rmation. The financial report may be obtained at https://www.cityofsacramento.org/Finance/Accounting/Reporting. The following is a summary of significant accounting policies:

Basis of Accounting – SCERS’ financial statements are prepared using the accrual basis of accounting.

Member contributions are recognized in the period in which the contributions are due. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan.

Method Used to Value Investments – Investments are reported at fair value, except mortgage loans which are reported at amortized cost. Securities traded on a national or international exchange are valued at the last reported sales price at current exchange rates.

General Information about the Pension Plan

Plan Description – The SCERS is a closed defined benefit pension plan. It has not accepted new members since January 28, 1977. All full-time, non-safety employees hired before January 29, 1977, are eligible to participate in SCERS.

Benefits Provided – SCERS provides retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries based on the plan that they belong to. SCERS has the following plans:

Charter Section 399 Plan – This defined benefit plan was established effective January 1, 1977 to provide retirement, disability and death benefits. Active mem bers contribute at a rate based upon entry age and type of employment. The benefits for this plan are based on the average monthly compensation times years of service times benefit factor, but no larger than 75% of final average earnings. Employees may retire at age 70, or age 50 and 5 years of service.

Equal Shares Plan – This defined benefit plan was establis hed July 1, 1970 to provide retirement, disability and death benefits to all City employees electing coverage at that date and to all employees who were hired from that date through January 1, 1977. The benefits for this plan are based on the average monthly compensation times years of service times benefit factor, but no larger than 75% of final average earnings. Employees may retire at age 70, or age 50 and 5 years of service.

Charter Section 175 Plan – This defined benefit plan was established in 1953 to provide for retirement, disability and death benefits at a lower amount than the successor Equal Shares Plan. The benefits for this plan are based on the average monthly compensation times years of service times benefit factor. For retirement after age 65 with 20 years of service, benefit is minimum of $60 per month. Employees may retire at age 70, or age 55 and 20 years of service.

An employee who leaves City service may withdraw his or her contributions, plus any accumulated interest under all the retirement and disability benefit plans described above.

Page 117 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 8 – PENSION PLANS (Continued)

General Information about the Pension Plan (Continued)

Benefit Factors at sample ages for benefit plans described above are as follows:

Retirement Age Section 175
Section 399 and
Equal Share
50 N/A 1.10%
55 1.10% 1.75%
60 1.67% 2.40%
65 2.44% 2.40%

Employees Covered – At June 30, 2021, the following employees were covered by the benefit terms for each Plan:

Section
399
Equal
Shares
Section
175 Total
Inactive members or beneficiaries receiving benefits 784 41 43 868 Inactive members entitled to but not yet receiving benefits 4 - 1 5 Active plan members 3 - - 3 Total plan members 791 41 44 876

Cost-of-living Adjustment – This adjustment, established in 1969, provides for annual retirement benefit increases of up to 3% of normal benefits based on a corresponding rise in the consumer price index. Cost-of- living benefits are payable to retirees and beneficiaries of all of the above plans after one year of retirement.

The cost-of-living adjustment was 3% for fiscal year 2021. Members contribute to this adjustment at a rate of 1% of their normal retirement contributions. The City is required to fund all costs in excess of members’ contributions and investment earnings.

Social Security Adjustments – For members participating in Social Security, their benefit will be adjusted at the later of age 62 or actual retirement age. The amount of the adjustment is one half of the primary insurance amount (PIA) from Social Security, multiplied by the ratio of the sum of salary earned from the City to the sum of salary from all sources used in the calculation of the Social Security amount. The member’s benefit under SCERS plus the amount received from Social Security cannot be less than the member’s benefit under SCERS calculated with no reductions at the time of retirement. The City applies this offset to service retirees, not to disabled retirees.

Contributions – The City Charter grants the authority to establish and amend the contribution requirements of the City and active employees to the SCERS Board. The SCERS Board establishes rates based on actuarially determined rates recommended by an independent actuary. 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 accrual liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees . For the fiscal year ended June 30, 2021, the average active employee contribution rate was 5.93% of annual pay, and the City’s average contribution rate was 1.02% of annual payroll. For the fiscal year ended June 30, 2021, the contributions for the SCERS plan were $3,822.

Page 118 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 8 – PENSION PLANS (Continued)

Net Pension Liability (Asset)

The City’s net pension liability (asset) for SCERS was measured as of June 30, 2021 and the total pension liability used to calculate the net pension liability (asset) was determined by an actuarial valuation as of that date.

Actuarial Assumption – The total pension liability in the June 30, 2021 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:

Inflation 2.50%
Salary increase 2.50% CPI Plus 0.5% merit, average
Discount rate 6.00%

Mortality rates for service retirements and beneficia ries were based on CalPERS 1997-2015 Mortality Table projected for future mortality improvement utilizing Society of Actuaries Scale MP-2020. Mortality rates for disability retirements were based on CalPERS 1997-2015 Mortality Table for non-work related Disabled Retirees for Miscellaneous and CalPERS 1997-2015 Mortality Table for work-related Disabled Retirees for Safety. Both tables were projected for future mortality improvement utilizing Society of Actuaries Scale MP-2020.

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 ea ch major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

Asset Class Target Allocation
Long-Term Expected
Real Rate of Return
Fixed Income 30.0% 0.78%
Large Cap Growth 35.0% 3.87%
Equity Income 27.5% 4.29%
International 7.5% 4.67%
Total 100.0%
An expected inflation of 2.5% used for this period.

Discount Rate – The discount rate used to measure the total pension liability was 6%. 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 City contributions will be made at rates equal to the difference between actuarially determined contributions rates and the employee rate. Based on those assumptions, the pension plan’s fiduciary net position was projected to be available to make all projected fu ture 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.

Page 119 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 8 – PENSION PLANS (Continued)

Net Pension Liability (Asset) (Continued)

Changes in the Net Pension Liability (Asset) – The changes in the Net Pension Liability (Asset) for SCERS Plan for the measurement date of June 30, 2021 is as follows:

Total Pension
Liability
Plan Fiduciary Net
Position
Net Pension
Liability (Asset)
Balance at June 30, 2020 296,667 $ 263,137 $ 33,530 $ Changes in the year:

Service cost 18 - 18 Interest 18,342 - 18,342 Change of assumptions 2,673 - 2,673 Differences between expected and actual
experience (6,349) - (6,349) Contribution - employer - 3,822 (3,822) Contribution - employee - 16 (16) Net investment income - 73,150 (73,150) Benefit payments, including refunds of
employee contributions (28,992) (28,992) - Net changes (14,308) 47,996 (62,304) Balance at June 30, 2021 282,359 $ 311,133 $ (28,774) $ Increase (Decrease)

Change of assumptions and changes in experience affecting the measurement of the Total Pension Liability since the prior measurement date – The discount rate was changed from 6.5% to 6%, the inflation rate was changed from 2.75% to 2.5% and the mortality impr ovement was changed from fully generational projection with Society of Actuaries Scale MP-2019 to fully generational projection with Society of Actuaries Scale MP-2020.

The overall experience gain was primarily due to more retiree and beneficiary deaths than expected and CPI being less than expected, leading to decreased cost of living increases.

Sensitivity of the Net Pension Liability (Asset) to Changes in the Discount Rate – The following presents the net pension liability (asset) of the City for the SCERS plan, calculated using the discount rate for the SCERS Plan, as well as what the City’s net pension liability (asset) would be if it were calculated using a discount rate that is 1- percentage point lower or 1-percentage point higher than the current rate:

1% decrease
(5%)
Current
Discount Rate
(6%)
1% increase
(7%)
SCERS net pension liability (asset) (6,446)$ (28,774)$ (48,279)$

Pension Plan Fiduciary Net Position – Detailed information about the pension plan’s fiduciary net position is available in the Basic Financial Statements section of this report and the separately issued SCERS financial report that may be obtained at https://www.cityofsacramento.org/Finance/Accounting/Reporting.

Page 120 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 8 – PENSION PLANS (Continued)

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

For the fiscal year ended June 30, 2021, the City reco gnized pension expense of $(13,553) attributable to the SCERS plans. At June 30, 2021, the Ci ty reported deferred inflows of res ources related to pensions from the following sources:

Deferred
Inflows of
Resources
Net differences between projected and actual
earnings on plan investments 40,432$

Amounts reported as deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Fiscal Year Ending
June 30,
Deferred Inflows
of Resources
2022 10,128 $
2023 9,533
2024 9,400
2025 11,371
Total 40,432 $

Defined Contribution Plan

The City also provides defined contribution retirement benefits through the City’s 401(a) Money Purchase Plan (the 401(a)). The 401(a) is administered by Nationwide. The 401(a) provisions and contribution requirements are established and may be amended by City Council. Unre presented exempt and certain represented employees may elect to participate. Participating employees of the aforementioned groups are required to contribute 5% and 2%, and the City contributes 4% and 2%, respectively, of covered salary. For the fiscal year ended June 30, 2021, employees contributed $4,674 and the City contributed $3,847 to the 401(a).

NOTE 9 – OTHER POSTEMPLOYMENT BENEFITS (OPEB)

General Information

Plan Description – The City provides contributions for postempl oyment medical, dental and vision benefits to employees who retire directly from the City and t heir dependents through an agent-multiple employer defined benefit OPEB plan (OPEB Plan) through CalPERS. The postemployment health, dental, and vision care employer contributions range from $0 to $856.00 per month per participant, which covers between 0% and 100% of the benefit cost, depending on the choice of plan and number of dependents. Participants have the choice of enrolling in one of several health plans, one of two dental plans, and one of two vision plans. To be eligible for the City paid benefits, the employee must retire with a minimum of ten full years of active City service and be 50 years of age.

Participants with a minimum of twenty years of service are eligible for 100% of the maximum benefit. Participants with more than fifteen years but less than twenty years of service are eligible for 75% of the maximum benefit.

Participants with more than ten years but less than fifteen years of service are eligible for 50% of the maximum benefit. The eligibility of the City’s postemployment health contributions has been eliminated for employees hired after a certain date dependent upon the employee’s labor agreement. The postemployment health, dental and vision care contributions are defined by labor agreements and resolutions approved by the City Council. The City does not issue a separate stand-alone financial report for its OPEB plan.

In addition, the City established an irrevocable trust to pre-fund the other postemployment Actuarially Determined Contribution benefits with the Califor nia Employers’ Retiree Benefit Trust (CERBT). The CERBT financial statements and additional reports can be obtained from the CalPERS website www.calpers.ca.gov.

Page 121 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 9 – OTHER POSTEMPLOYMENT BENEFITS (OPEB) (Continued)

General Information (Continued)

Employees Covered – At June 30, 2021, the most re cent valuation date, the following current and former employees were covered by the benefit terms under the Plan:

Inactive employees or beneficiaries currently receiving benefits 2,286 Inactive employees entitled to but not yet receiving benefits 257 Active employees 3,434
Total 5,977

Contributions – The plan and its contribution requirements are established by memorandums of understanding with the applicable employee bargaining units and ma y be amended by agreements between the City and the bargaining units. The City is currently funding the OPEB plan on a pay-as-you-go basis. However, the City Council has authorized the City Manager to establish an OPEB trust fund with CalPERS. Contributions recognized by the OPEB plan from the employer for the fiscal year ended June 30, 2021 were $21,687.

Net OPEB Liability

Actuarial Assumptions – The total OPEB liability in the June 30, 2021 actuarial valuation was determined using the following actuarial assumptions:

Valuation Date June 30, 2019
Measurement Date June 30, 2020
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 6.75%
Inflation 2.75%
Salary Increases 3.0%
Investment Rate of Return 6.75%
Healthcare cost trend rate Non-Medicare - 7.5% for 2020, decreasing to 4% for 2076 and later.

Medicare - 6.5% for 2020, decreasing to 4%
for 2076 and later.

Mortality assumptions were based on the results of the CalPERS 1997 to 2015 experience study dated December 2017 and SCERS June 30, 2019 valuation assumptions. The Experience Study Report may be accessed on the CalPERS website www.calpers.ca.gov, under Forms and Publications.

Pre-retirement turnover information was developed based on CalPERS’ specific data. For further details, please refer to the 2007 to 2011 Experience Study Report. The Experience Study Report may be accessed on the CalPERS website www.calpers.ca.gov, under Forms and Publications.

Page 122 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 9 – OTHER POSTEMPLOYMENT BENEFITS (OPEB) (Continued)

Net OPEB Liability (Continued)

Discount Rate – The discount rate used to measure the tota l OPEB liability was 6.75% for the OPEB 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 OPEB Plan’s contributions will be made at ra tes equal to the difference between actuarially determined contribution rates and the employee rate. Based on those assumptions, the 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 the OPEB Plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability.

The long-term expected rate of return on the OPEB 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 OPEB plan investment expense and inflation) is developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expe cted future real rates of return by the target asset allocation percentage and by adding expected inflation. The target asset allocation and most recent best estimates of geometric real rates of return for each major asset class are summarized in the following table:

Asset Class Target Allocation
Long Term Expected
Real Rate of Return
Global Equity 59% 4.82%
Fixed Income 25% 1.47%
Treasury Inflation-Protected Securities (TIPS) 5% 1.29% Commodities 3% 0.84%
Real Estate Investment Trusts (REITs) 8% 3.76%
Total 100%

Changes in the Net OPEB Liability – The changes in the net OPEB liability for the OPEB plan as of June 30, 2021 are as follows:

Total OPEB
Liability
Plan Fiduciary
Net Position
Net OPEB
Liability
Balance at June 30, 2020 292,174$ 43,270$ 248,904$ Changes in the year:

Service cost 5,809 - 5,809 Interest on the total OPEB liability 19,582 - 19,582 Changes of assumptions (4,097) - (4,097) Contribution - employer - 24,598 (24,598) Contribution - employee - 310 (310) Net investment income - 1,064 (1,064) (15,764) (15,764) -
Administrative expense - (23) 23 Net changes 5,530 10,185 (4,655) Balance at June 30, 2021 297,704$ 53,455$ 244,249$ Increase (Decrease)
Benefit payments, including refunds

Page 123 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 9 – OTHER POSTEMPLOYMENT BENEFITS (OPEB) (Continued)

Net OPEB Liability (Continued)

Sensitivity of the Net OPEB Liability to Changes in the Discount Rate – The following presents the City's net OPEB liability, 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 or 1-percentage point higher than the current discount rate:

1% decrease
(5.75%)
Current Rate
(6.75%)
1% increase
(7.75%)
Net OPEB liability 280,079 $ 244,249 $ 214,243 $ Discount Rate

Sensitivity of the Net OPEB liability to Changes in the Healthcare Cost Trend Rates – The following presents the City's net OPEB liability, as well as what the net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage point lower or 1-percentage point higher than the current healthcare cost trend rates:
1% decrease

6.5%-5.5%
decreasing to
(3%)
Current Rate

7.5% - 6.5%
decreasing to
(4%)
1% increase

8.5%-7.5%
decreasing to
(5%)
Net OPEB liability 217,159$ 244,249$ 276,966$ Trend Rate

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

OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB – For the fiscal year ended June 30, 2021, the City recognized OPEB expense of $( 7,082). At June 30, 2021, t he City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Deferred
Outflows of
Resources
Deferred
Inflows of
Resources
Employer contributions subsequent to
measurement date 21,687$ -$
Changes of assumption - 90,032
Differences between actual and expected experience - 19,610 Net differences between projected and actual
earnings on plan investments 1,490 -
Total 23,177$ 109,642$

Page 124 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 9 – OTHER POSTEMPLOYMENT BENEFITS (OPEB) (Continued)

Net OPEB Liability (Continued)

The amount of $21,687 reported as deferred outflows of resources related to OPEB resulting from the OPEB plan contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability during the fiscal year ending June 30, 2022. Other amounts reported as deferred outflows and inflows of resources related to OPEB will be recognized in OPEB expense as follows:

Fiscal Year Ending
June 30,
Deferred Inflows of
Resources
2022 (29,030) $
2023 (28,888)
2024 (25,231)
2025 (20,300)
2026 (4,572)
Thereafter (131)
Total (108,152)$

NOTE 10 – FUND EQUITY AND EXCESS OF EXPENDITURES OVER APPROPRIATIONS

At June 30, 2021, the government-wide statement of net position reported restricted net position of $365,678 in governmental activities. Of this amount, $52,732 is restricted for enabling legislation.

The Capital Grants Fund, a capital project fund, had a deficit fund balance of $5,139 as of June 30, 2021. The deficit represents grant expenditures unreimbursed by granting agencies within the 60-day period of availability for which corresponding revenues have not been recognized. Th e deficit will be recovered upon receipt of grantor reimbursements.

The 4th R Child Development Fund, an enterprise fund, had a deficit net position of $1,765 as of June 30, 2021.

It is anticipated that this deficit will be funded by future operating subsidies.

For the fiscal year ended June 30, 2021, Measure U Fu nd expenditures for Fire Department and Public Works exceeded appropriations by $74 and $13 respectively. The overspending was funded by revenue collected in excess of budgeted amounts.

For the fiscal year ended June 30, 2021, Culture and Leisure Fund expenditures for convention and cultural services exceeded appropriations by $270. The oversp ending was funded by revenue collected in excess of budgeted amounts.

For the fiscal year ended June 30, 2021, Special Districts Fund expenditures for general government exceeded appropriations by $251. This overspending was funded by operating surpluses from previous years.

For the fiscal year ended June 30, 2021, CalEPA fund expenditures ex ceeded appropriations by $2 The overspending was funded by revenue collected in excess of budgeted amounts.

Page 125 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 11 – INTERFUND TRANSACTIONS

Interfund Transfers

Interfund transfers report the nonreciprocal contribution of resources from one fund to another. The following is a summary of transfers for the fiscal year ended June 30, 2021:

Description Transfers In Transfers Out Net Transfers
Governmental activities:

General Fund Debt service 1,471 $ (21,509) $ (20,038) $ General Fund In-lieu tax transfers 33,662 - 33,662 General Fund Program support 20,503 (21,624) (1,121) Measure U Fund Program support - (5,704) (5,704) 2015 Golden 1 Center
Lease Revenue Bond Fund Debt service 12,700 - 12,700 Operating Grants Fund Program support 5,044 (6,242) (1,198) Other Governmental Funds Debt service 17,455 (5,391) 12,064 Other Governmental Funds Program support 15,779 (20,081) (4,302) Internal Service Funds Debt service 22 (46) (24) Internal Service Funds Program support - (1,968) (1,968) Adjustment for transfer of capital assets
between governmental activities and
business-type activities
Transfer of capital
assets - (5,424) (5,424) Total governmental activities 106,636 (87,989) 18,647 Business-type activities:

Water Fund Debt service - (34) (34) Water Fund In-lieu tax transfers - (14,907) (14,907) Water Fund Program support 78 (488) (410) Wastewater Fund Debt service - (46) (46) Wastewater Fund In-lieu tax transfers - (4,666) (4,666) Wastewater Fund Program support 63 - 63 Storm Drainage Fund Debt service 67 (75) (8) Storm Drainage Fund In-lieu tax transfers - (4,233) (4,233) Storm Drainage Fund Program support 51 - 51 Solid Waste Fund Debt service - (109) (109) Solid Waste Fund In-lieu tax transfers - (7,970) (7,970) Solid Waste Fu
nd Program support 1,570 - 1,570 Community Center Fund Debt service 2,907 - 2,907 Community Center Fund In-lieu tax transfers - (726) (726) Community Center Fund Program support 1 (37) (36) Other Enterprise Funds Debt service 145 (7,557) (7,412) Other Enterprise Funds In-lieu tax transfers - (1,160) (1,160) Other Enterprise Funds Program support 13,055 - 13,055 Adjustment for transfer of capital assets
between governmental activities and
business-type activities
Transfer of capital
assets 5,424 - 5,424
Total business-type activities 23,361 (42,008) (18,647) Total government-wide statements 129,997$ (129,997)$ -$

Page 126 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 11 – INTERFUND TRANSACTIONS (Continued)

Interfund Balances

Interfund balances report lending transactions between funds. The following is a summary of interfund balances as of June 30, 2021:

Interfund
Receivables Payables Balances
General Fund - $ (1,931) $ (1,931) $ Other Governmental Funds - (9,879) (9,879) Internal Service Funds 17,054 - 17,054 Total governmental activities 17,054 (11,810) 5,244 Community Center Fund - (5,244) (5,244) Total business-type activities - (5,244) (5,244) Total 17,054 $ (17,054) $ - $

$17,054 was loaned by the City’s internal service funds to cover short-term operating deficits (approximately $8,198) and to assist in development of community resources (approximately $8,856). Included in the $17,054 of interfund loans is $11,418 that is not expected to be repaid within one year.

$3,455 was borrowed by the Capital Grants Fund for short-term loans.

$6,424 was borrowed by the Culture and Leisure Fund for the Haggin Oaks renovation project and operating deficit.

$5,244 was borrowed by the Community Center Fund for operational requirements.

$1,931 was borrowed by the General Fund for the acquisition of Habitat Conservation Plan mitigation lands by the Natomas Basin Conservancy.

Page 127 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 12 – RISK MANAGEMENT

The City is exposed to various risks of loss related to the following: worker’s compensation; torts including errors and omissions; employment practices; theft of, damage to and destruction of assets; and natural disasters for which the City self-insures and/or carries commercial insu rance. Earthquake damage is not included in the property insurance coverage carried by the City.

The Risk Management Internal Service Fund self-insures the first $2,000 of each workers’ compensation claim.

Excess worker’s compensation insurance is purchased through the Public Risk Innovation, Solutions, and Management (PRISM) member directed risk sharing pool and it provides statutory coverage over the City’s $2,000 self-insured retention. The fund self-insures the first $2,000 of liability claims plus claim costs that exceed excess coverage. PRISM provides $35,000 in excess general and auto liability claims coverage, with a $2,000 loss corridor deductible, for claims over the City’s self-insured retention.

Liabilities are estimated based on recommendations from an independent actuarial evaluation. Liabilities are based on estimated ultimate cost of settling claims, including e ffects of inflation and other social and economic factors.

Estimated liability is then discounted by the City’s expected rate of return and anticipated timing of cash outlays to determine the present value of the liab ility. For the fiscal year ended June 30, 2021, the expected rate of return was 3%. Settled claims have not exceeded insurance coverage for each of the past three fiscal years.

All funds of the City participate in the program and make payments to the Risk Management Internal Service Fund based on estimates of the amounts needed to pay operating costs, insurance premiums, and prior and current year claims. At June 30, 2021, the Risk Management Internal Service Fund had a net position of $18,657.

Liabilities are reported when it is probable that a loss has occurred, and the amount of the loss can be reasonably estimated. Liabilities include an amount for claims that have been incurred but not repor ted (IBNR). The result of the process to estimate the claims liability is not an exact amount as it depends on many complex factors, such as inflation, changes in legal doctrines, economic and social factors, and trends in damage awards. Accordingly, claims are reevaluated periodically to consider the effects of these factors. The estimate of the claims liability also includes amounts for incremental claim adjustment expenses related to specific claims and other claim adjustment expenses regardless of whether allocated to specific claims. Estimated recoveries, for example from salvage or subrogation, are another component of the claim liability estimate.

Changes in the Risk Management Internal Service F und’s claims liability for the past two fiscal years are summarized as follows:

2021 2020
Accrued claims and judgments, July 1 91,911$ 85,493$ Incurred claims and adjustment expenses 25,781 26,796 Claim payments (15,282) (20,378)
Accrued claims and judgments, June 30 102,410$ 91,911$

Page 128 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 13 – COMMITMENTS AND CONTINGENCIES

Commitment of Enterprise Fund Revenues

Revenue of the Water Enterprise Fund is pledged to the payment of principal and interest on the California Department of Public Health Note Payable; the Drinki ng Water State Revolving Fund Note Payable; the Water Revenue Bonds, Series 2013; the Water Revenue Bonds, Series 2017 and the Water Revenue Refunding Bonds, Series 2020. Revenue of the Wastewater Enterprise Fund is pledged to the payment of principal and interest on the Wastewater Revenue Bonds, Series 2013; the Wast ewater Revenue Bonds, Series 2019 and Wastewater Revenue Refunding Bonds, Series 2020. Revenue of the Storm Drainage Enterprise Fund is pledged to the payment of principal and interest on the California Infrastructure and Economic Development Bank Note Payable.

Transient Occupancy Tax (TOT) revenue of the Community Center Fund is pledged to the payment of principal and interest on the 2018 TOT Revenue Bonds, Senior Series A, B and Subordinate Series C. Revenue of the Sacramento Tourism Infrastructure District (STID) Fund is pledged to the payment of principal and interest on the 2019 Sacramento Tourism Infrastructure District (STID) Assessment Revenue Bonds. See Note 7 for more detailed information.

Construction and Other Commitments

The City has commitments of $128,989 for contracts awarded but not completed as of June 30, 2021. The following table shows the distribution of those commitments among major and non-major funds.

Governmental Activities: Business-type Activities:

General Fund 23,140$ Community Center Fund 25,300$ Measure U Fund 3,712 Water Fund 17,845
Other governmental funds 18,456 Wastewater Fund 15,233 Internal service funds 20,521 Storm Drainage Fund 2,056 Solid Waste Fund 1,763
Other enterprise funds 963
Total governmental activities 65,829$ Total business-type activities 63,160$

The major contracts outstanding are $13, 350 for renovation of the Convention Center Complex; $9,625 for renovation of the Community Center Theater; $7,196 for the development of River Park, Oak Park and North 12th St.; $6,995 for North Natomas Aquatic Center construction; $4,311 for the McKinley Park Combined Sewer System Storage project to reduce area flooding; $4,223 for the construction of Fire Station #14; $2,719 for residential water meter installations, pipeline replacements and retrofit projects; and $17,224 for the purchase of vehicles, primarily for the replacement refuse trucks and garbage trucks.

Contingent Liabilities

The City participates in various federal, state, and local grant programs, primarily including the Coronavirus Relief Fund and the Federal Highway Planning and Construction program. These programs are subject to financial and compliance audits by the grantors or their representatives. The audits of these programs for earlier years and the fiscal year ended June 30, 2021 have not been completed in all cases; accordingly, final determination of the City’s compliance with applicable grant requirements may be establ ished at some future date. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time. The City believes any such claims would be immaterial to the City ’s financial position at June 30, 2021. Receipt of these grant revenues is not assured in the future.

Litigation

Various claims and lawsuits are pending against the City. As discussed in Note 12, the City is primarily self-insured and has accrued a liability for estimated claims outstanding. Although the outcome of these claims and lawsuits is not presently determinable, management, after consultation with legal counsel, is of the opinion that final outcome of these matters will not have a material adverse effect on the financial condition of the City.

Page 129 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 13 – COMMITMENTS AND CONTINGENCIES (Continued)

Post Closure Care Cost

The City has several landfill sites which have stopped accepting waste, have been covered, and are closed. State and federal laws and regulations require that the City perform certain maintenance and monitoring functions at these sites after closure. The most recent engineering report estimated that $4,336 was required for future post closure monitoring costs as of June 30, 2021. The estimate was based on actual costs for the fiscal years ended June 30, 2018, 2019, and 2020, and may change due to inflation or deflation, technology, or applicable laws and regulations.

Pollution Remediation Obligations

A pollution remediation obligation is an obligation to address the current or potential detrimental effects of existing pollution by participating in pollution remediation activi ties. The City is responsib le for pollution remediation activities at several sites that have soil contaminated with petroleum, hydrocarbons, and/or metals. Regulatory agencies providing oversight of the City’s pollution remediation obligations and activities include the State of California Regional Water Quality Control Board, the State of California Depar tment of Toxic Substance Control, the Sacramento County Department of Environmental Management, and the State of California Department of Public Health. The estimated obligation was $539 at June 30, 2020 and $573 at June 30, 2021. Pollution remediation outlays totaled approximately $150 for the fiscal year ended June 30, 2021. Pollution remediation obligations are measured based on outlays expected to be incurred to settle all estimable remediation efforts.

Pollution remediation obligations are measured at the cu rrent value of reasonable and supportable assumptions about future events that may affect the eventual settlement of the obligations. Pollution remediation obligations are measured using the expected cash flow technique, which measures the ob ligation as the sum of probability- weighted amounts in a range of possible cash flows. Estimates are based on all currently available information, as well as the facts and circumstances of each situation, but may change due to price changes, changes in laws or regulations, changes in remediation technologies, or as additional information become available. Estimated recoveries from other parties that are included in the calculation of the City’s pollution remediation obligations total $70.

NOTE 14 – JOINT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS

JOINT VENTURES

Aggie Square Public Financing Authority

The City is a participant with UC Davis and Wexford Science and Technology in the Aggie Square Public Financing Authority, formed in April 2021. As of June 30, 2021, the Aggie Square boa rd is made up of three City appointed council members and two members of the public. Aggie Squa re is a project located at Stockton Boulevard and Second Avenue in Sacramento, mostly on property owned by UC Davis. It would expand the university’s Sacramento campus, creating a state- of-the-art hub for research, inno vation, and education. The proposed agreement between the City, UC Davis and Wexford Science & Technology includes inclusive economic development measures that reflect community priorities, including creation of an affordable housing fund prioritizing local residents for entry-level and higher-wage jobs and prov iding training pathways to those jobs; and improving biking, walking and transit access around the UC Davis Sacramento campus on Stockton Boulevard.

Page 130 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 14 – JOINT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS (Continued)

Sacramento Housing and Redevelopment Agency

The City is a participant with the County of Sacramen to in the Sacramento Housing and Redevelopment Agency (SHRA). SHRA is a stand-alone agency governed by the County Board of Supervisors over County housing activities and the City Council over City housing activiti es. Although the City does not have an equity interest in SHRA, it does have an ongoing financial interest. Based upon the approval process for activities of the Housing Authority of the City of Sacramento (H ousing Authority), the City has the ability to directly influence SHRA to undertake projects for the ci tizenry of the City. Because the City’s primary government does not have an equity interest in SHRA, SHRA’s financial information is not included in these financial st atements. Separately issued financial statements may be obtained from the Sacramento Housing and Redevelopment Agency, 801 12 th Street,
Sacramento, California, 95814.

SHRA administered the redevelopment agencies of the City and County until February 1, 2012. In 2011 the California Legislature enacted AB 1x 26, which coupled with a subsequent decision of the State Supreme Court, resulted in the dissolution of redevelopment agencies. Upon the dissolution of the redevelopment agency, the City elected to become the successor agency for the non-hou sing redevelopment agency activities. More information can be found in Note 15 – Successor Agency Trust Fund. The City designated the Housing Authority as the local authority to retain the housing assets and functions previously performed by the redevelopment agency, and the Housing Authority affirmatively elected pursuant to Heal th and Safety Code Section 34176 that it would serve as the “Successor Housing Agency” to the former redevelopment agency.

Sacramento Public Library Authority

The City is a participant with the County of Sacramento and the cities of Citrus Height s, Elk Grove, Galt, Isleton and Rancho Cordova in the Sacramento Public Library Authority (Library), a joint powers agency created to provide library services to the residents of the participating municipalities. The Library is governed by a board made up of five County appointees and various numbers of appointees from each city, depending upon population. As of June 30, 2021, five of seventeen members of the Library boar d were appointed by the City. The current joint powers agreement was effective beginning July 1, 2007. After June 30, 2010, any party may wi thdraw from the Library upon no less than one year’s written notice. Upon withdrawal a party shall retain ownership of those capital facilities to which it holds title. The City is committed to fund annual contributions to operate library branches in the City.

The City’s General Fund and Measure U Fund contributions for the fiscal year ended June 30, 2021, were $12,772.

In addition, the City paid cost reimbursements and program support of $18 to the Library during the same period.

The City also contributed the use of it s library facilities to the Library. In order to provide funding for additional services and hours in City libraries, the City levies and passes through to the Library a parcel tax which totaled $8,446 for the fiscal year ended June 30, 2021. Financial statements may be obtained from the Sacramento Public Library Authority, 828 I Street, Sacramento, California, 95814.

Sacramento Regional Fire/EMS Communication Center

The City is a participant with the Sacramento Metropolitan Fire District and other local fire agencies in the Sacramento Regional Fire/EMS Communication Center (SRFECC), a fire dispatch center. SRFECC provides fire protection and emergency medical service dispatching for 1,000 square miles and 1.3 million residents in Sacramento and Placer Counties. The City provided $4,250 of support to SRFECC during the fiscal year ended June 30, 2021. Financial statements may be obtained from the Sacramento Regional Fire/EMS Communication Center, 10230 Systems Parkway, Sacramento, California, 95827.

Northern California Regional Public Safety Training Authority

The City is a participant with the County of Sacramento, the Los Rios Community College District and the Regional Fire and Rescue Authority in the Northern California Regional Public Safety Training Authority (NCRPSTA) which operates the Northern California Regional Public Safe ty Training College located at McClellan Park. During the fiscal year ended June 30, 2021, the City provided $395 of annual support to the NCRPSTA. Payments for rent and training during the fiscal year ended June 30, 2021 were $6. Financial statements may be obtained from the NCRPSTA Administrative Offices, 2409 Dean Street, Suite 119, McClellan, California, 95652.

Page 131 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 14 – JOINT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS (Continued)

California Fire and Rescue Training Authority

The City is a participant with the Sacramento Metropolitan Fire District and the California Governor’s Office of Emergency Services in the California Fire and Rescue Training Authority which provides training for fire and rescue personnel throughout the region as well as operating the California Regional Fire Academy. During the fiscal year ended June 30, 2021, the City provided general support of $4 5, paid $143 for training courses for City staff and provided staff support. Financial statements may be obtained from the California Fire and Rescue Training Authority Business Office, 10545 Armstrong Avenue, Suite 320, Mather, CA 95655.

Riverfront Joint Powers Authority

The City is a participant with the City of West Sacramento in the Riverfront Joint Powers Authority, formed in March 2017, to create, own and operate a fixed-rail streetcar system that woul d have operated within and between the two Cities. Initial bids for the project were received and exceeded the available project budget. A resolution was passed by City Council in October 2019 to develop an al ternative plan with partnering agencies for a successor light rail transit project in place of the streetcar and sought collaboration with the City of West Sacramento to identify the necessary steps to dissolve the Riverfront Joint Powers Authority. A motion was subsequently passed by the City, in August 2020, to dissolve the Riverfront Joint Powe rs Authority. As of June 30, 2021, the City is still in the process of moving forward with the dissolution with the City of West Sacramento.

JOINTLY GOVERNED ORGANIZATIONS WITH RELATED PARTY TRANSACTIONS

The City participates in several jointly governed organiza tions for which it appoints a minority of board members.

The City may also provide minor financial support or hav e other financial transactions with these organizations, but it does not have a financial interest in or responsi bility to the organizations. The following organizations had financial transactions with the City during the fiscal year ended June 30, 2021:

The City provided $157 in annual support and $11 in project/program expenses to the Regional Water Authority.

The City provided $194 in annual support to the Sacramento Groundwater Authority.

The City provided $149 in annual support and $3 in program expenses to the Sacramento Area Council of Governments.

The City received $356 of administration fees from t he Sacramento Area Flood Control Agency (SAFCA) for collecting and transmitting permitting fees. The City also participates in several cost-sharing agreements with SAFCA for individual projects related to flood control. The City’s portion of said projects is remitted directly to SAFCA or other suppliers of services.

The City received $51 in Workforce Investment Act grants from the Sacramento Employee and Training Agency.

Page 132 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 15 – SUCCESSOR AGENCY TRUST FUND

On December 29, 2011, the California Supreme Court uphel d Assembly Bill 1X 26 (“the Bill”) which dissolved all redevelopment agencies in the State of California. Succes sor agencies are allocated property tax revenue in an amount necessary to pay the estimated annual installment payments on enforceable obligations of the former redevelopment agency until all enforceable obligations of the prior redevelopment agency have been paid in full.

In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011), all redevelopment agencies in the State of California were dissolved and ceased to operate as legal entities as of February 1, 2012.

On January 31, 2012, the City elected to serve as the successor agency to the Redevelopment Agency of the City of Sacramento (Agency) for the Agency’s non-housing assets and liabilities pursuant to the provisions of AB 1x26 (Chapter 5, Statutes of 2011). Also, on January 1, 2012, the City Council el ected not to serve as the successor agency for the former redevelopment agency’s housing assets and functions, but instead designated the City’s Housing Authority to serve as the successor housing agency.

Prior to February 1, 2012, California Redevelopment Law provided tax increment financing as a source of revenue to redevelopment agencies to fund redevelopment activities. Once a redevelopment area was adopted, the former Agency could only receive tax increment to the extent that it could show on an annual basis that it has incurred indebtedness that must be repaid with tax increment. Due to the nature of redevelopment financing, the former Agency liabilities exceeded its assets. Therefore, the A gency historically carried a deficit, which was expected to be reduced as future tax increment revenues were received and used to repay its outstanding long-term debt. This deficit was transferred to the successor agency on February 1, 2012. At June 30, 2021, the successor agency had a deficit of $181,327 which will be eliminated with future property tax revenue distributions from the Redevelopment Property Tax Trust Fund administered by the County Auditor-Controller.

On June 27, 2012, Assembly Bill 1484 was enacted. Under AB 1484 (Chapter 16, Statutes of 2012; Health and Safety Code section 34173, subdivision (g)), the dissolution law was clarified to provide that the Agency is a separate legal entity from the City. Also, AB 1484 provided that the Agency’s bond fund assets can be expended in a manner consistent with the bond’s covenants after compliance with certain requirements.

Page 133 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 15 – SUCCESSOR AGENCY TRUST FUND (Continued)

On September 20, 2013, the Agency received its Finding of Completion from the State Department of Finance (DOF) and is now able to spend the unencumbered bond fu nds in a manner consistent with the original bond covenants. Pursuant to Health and Safety Code (HSC) section 34179.7, the DOF has verified that the former Redevelopment Agency Successor Agency of the City of Sacramento (RASA) does not owe any amounts to the taxing entities as determined under HSC section 34179.6, subdivisions (d) or (e) and HSC section 34183.5.

On August 25, 2015, the State Depar tment of Finance (DOF) approved t he Agency’s Oversight Board action authorizing the Agency to refund certain outstanding tax- allocation obligations of the former Redevelopment Agency in accordance with Assembly Bill Nos. x1 26 and 1484. The RASA 2015 Tax Allocation Refunding Bonds, Series A (Tax-Exempt) and RASA 2015 Tax Allocation Refunding Bonds, Series B (Federally Taxable) were issued under the Indenture of Trust, dated as of October 1, 2015, to refund certain obligations of the former Redevelopment Agency of the City of Sacramento curr ently outstanding in the aggregate principal amount of $119,360, to purchase a Municipal Bond Debt Service Re serve Insurance Policy from Build America Mutual Assurance Company for deposit in the Reserve Account, and to pay certain costs of issuance of the Bonds.

On October 6, 2015, the DOF approved the Agency’s Oversight Board action a pproving the Excess Bond Expenditure Plan, approving the Master Excess Bond Expenditure Agreement between the Agency and the City, authorizing the transfer of the unspent non-housing bond proceeds to the City, approving an Excess Housing Bond Expenditure Agreement between RASA and the Housing Authority of the City of Sacramento, and authorizing the transfer of the housing bond proceeds to the Housing Authority of the City as the Housing Successor.

The City is to finance public and private development projects previously planned by the Agency; and the Housing Authority is to use the funds for low-moderate income housing projects.

On December 31, 2015, DOF comp leted the review of RASA’s Long -Ranged Property Management Plan (LRPMP). DOF approved the use or disposition of all the properties listed in the LRPMP. The approved LRPMP will govern the disposition and use of all the real property assets of the former redevelopment agency.

As of June 30, 2021, contracts payable of $16,629 reported in the private-purpose trus t fund are allocations of SHRA’s OPEB and pension unfunded liabilities for the former redevelopment agency employees.

Capital Assets

The following is a summary of changes in capital assets for the fiscal year ended June 30, 2021:

Beginning
Balance Increases Decreases
Ending
Balance
Capital assets not being depreciated/amortized
Land 4,969 $ - $ -$ 4,969$ Depreciable/amortizable capital assets
Buildings and improvements 141 - - 141 Less accumulated depreciation/amortization for:

Buildings and improvements (41) (3) - (44) Depreciable/amortizable capital assets, net 100 (3) - 97 Total capital assets, net 5,069$ (3)$ -$ 5,066$

Page 134 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 15 – SUCCESSOR AGENCY TRUST FUND (Continued)

Long-term Debt

The following is a summary of changes in long-term debt for the fiscal year ended June 30, 2021:

Beginning Ending Due Within
Balance Additions Reductions Balance One Year
Revenue Bonds:
2015 Tax Allocation Refunding Bonds TE, Series A 40,266$ - $ (3,355)$ 36,911$ 2,630$ 2015 Tax Allocation Refunding Bonds TX, Series B 16,941 - (16,941) - - Subtotal, revenue bonds 57,207 - (20,296) 36,911 2,630 Notes Payable:
2003 Del Paso TE TABS, Series A 6,136 193 (1) (147) 6,182 770 2005 Merged Downtown TE, Series A 130,721 7,617 (1) (577) 137,761 15,815 2005 Oak Park TE, Series A 3,850 213 (1) (16) 4,047 1,150 2006 65th Street TX Master Lease, Series B 3,185 - (115) 3,070 120 2006 North Sacramento TX Master Lease, Series B 3,715 - (130) 3,585 140 2006 Stockton Blvd Master Lease 1,948 - - 1,948 1 2008 BOA Public Capital Corporation 1,631 - (169) 1,462 178 2009 Army Depot TX Swap 2,560 - (91) 2,469 96 2009 River District TX Swap 2,395 - (84) 2,311 89 City of Sacramento CIEDB - Utilities/Detention Basin 1,060 - (45) 1,015 46 Globe Mills 2,708 - (320) 2,388 340 North Sacramento CIEDB Loan 2,765 - (137) 2,628 141 Stockton Blvd CIEDB Loan 2,305 - (116) 2,189 119 Subtotal, notes payable 164,979 8,023 (1,947) 171,055 19,005 Total, long-term debt 222,186$ 8,023$ (22,243)$ 207,966$ 21,635$

(1) Change in accreted value is recorded as an adjustment of Notes Payable.

As of June 30, 2021, accumulated accretion for the 2003 Del Paso TE TABS, Series A, is $3,776, and accumulated accretion for the 2005 Merged Downtown and Oak Park TE, Series A, is $79,961.

Page 135 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 15 – SUCCESSOR AGENCY TRUST FUND (Continued)

Future Debt Service Requirements

Annual debt service requirements to maturity are as follows:

Fiscal Year
Ending June 30, Principal Interest Principal Interest
2022 2,630$ 1,591$ 19,005$ 1,140 $
2023 2,560 1,461 19,227 1,070
2024 2,870 1,326 18,382 993
2025 3,205 1,174 18,214 912
2026 1,320 1,061 20,607 826
2027 - 2031 7,735 4,281 90,017 2,959 2032 - 2036 12,885 1,510 40,638 1,234 2037 - 2038 510 10 1,215 38 Subtotal 33,715 12,414 227,305 9,172
Less: Unaccreted interest - - (56,250) - Plus: Issuance premiums 3,196 - - - Total 36,911$ 12,414$ 171,055 $ 9,172 $
Revenue Bonds Notes Payable

NOTE 16 – SERVICE CONCESSION ARRANGEMENT FOR CITY GOLF COURSES

Effective July 1, 2019, the City entered into a new serv ice concession agreement with Morton Golf LLC (Morton) under which Morton operates and maintains City golf courses, collects user fees and remits a monthly payment for rent to the City. Morton pays the City minimum installment payments plus a percentage of gross revenues over the 15-year lease period. The present value of the installment payments is initially estimated to be $9,180. The City reports a loan receivable and deferred inflows of resources of $7,203 in t he government-wide statement of net position as of June 30, 2021

NOTE 17 –

RESTATEMENT OF BEGINNING NET POSITION

For the fiscal year ended June 30, 2020, the City recognized $7,782 of revenue in the Wastewater Grant Projects Fund related to fee credits that were not yet earned. Th is transaction has been reclassified to unearned revenue and will be recognized as revenue as the City issues per mits to the developer. Beginning net position has been restated as follows:

Net position, as of
June 30, 2020, as
originally reported Restatement
Net position, as of
July 1, 2020,
as restated
Governmental activities 1,045,263 $ - $ 1,045,263$ Business-type activities 1,172,792 (7,782) 1,165,010 Total 2,218,055 $ (7,782) $ 2,210,273$

Page 136 of 309 ends

City of Sacramento
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2021
(dollar amounts expressed in thousands)

NOTE 17 – RESTATEMENT OF BEGINNING NET POSITION (Continued)

Beginning net position of the proprietary funds has been restated as follows:

Net position, as of
June 30, 2020, as
originally reported Restatement
Net position, as of
July 1, 2020,
as restated
Water Fund 570,718 $ - $ 570,718$ Wastewater Fund 176,054 (7,782) 168,272 Storm Drainage Fund 273,406 - 273,406 Solid Waste Fund 12,911 - 12,911 Community Center Fund 106,692 - 106,692 Other enterprise funds 33,011 - 33,011 Total 1,172,792 $ (7,782) $ 1,165,010$

NOTE 18 – CORONAVIRUS DISEASE 2019 (COVID-19)

The impact of COVID-19 to the City’s future operations is highly uncertain. COVID-19 and the economic disruption resulting from measures to contain it have resulted in uncertainty surrounding several future revenue sources.

Transient Occupancy Tax and parking meter and citation revenues remain at risk for the foreseeable future until downtown economic activity returns to pre COVID-19 levels.

As of June 30, 2021, the City received $56 million of American Rescue Plan Act (ARPA) funding. No expenses were incurred using ARPA funds in fiscal year 2021. The balance will be applied to eligible expenses in future fiscal years through December 31, 2024. The City is expect ing to receive another $56 million of ARPA funding during fiscal year 2022.

Page 137 of 309 ends

Required
Supplementary
Information

Page 138 of 309 ends

City of Sacramento
Required Supplementary Information
Agent Multiple-Employer Defined Benefit Pension Plan
CalPERS Miscellaneous Plan
Schedule of Changes in Net Pension Liability and Related Ratios Last Ten Years* (in thousands)

2015 2016 2017 2018 2019 2020 2021
Total pension liability
Service cost 23,110$ 22,342$ 23,374$ 27,795$ 28,404$ 29,053$ 30,236$ Interest on the total pension liability 70,942 74,835 79,515 84,334 89,060 94,760 99,810 Changes of assumptions - (20,153) - 75,970 (7,898) - - Differences between expected and actual experience - (8,865) (333) (838) 6,909 12,970 2,600 Benefit payments, including refunds of employee contributions (30,240) (34,390) (37,980) (42,305) (48,384) (53,695) (59,069) Net change in total pension liability 63,812 33,769 64,576 144,956 68,091 83,088 73,577 Total pension liability -- beginning 949,465 1,013,277 1,047,046 1,111,622 1,256,578 1,324,669 1,407,757 Total pension liability -- ending (a) 1,013,277$ 1,047,046$ 1,111,622$ 1,256,578$ 1,324,669$ 1,407,757$ 1,481,334$ Plan fiduciary net position
Contributions - employer 21,613$ 22,827$ 25,963$ 28,719$ 29,514$ 34,102$ 39,118$ Contributions - employee 11,670 11,302 11,991 12,190 12,634 14,289 15,018 Net investment income 118,326 18,047 4,260 91,481 76,768 64,092 51,632 Benefit payments, including refunds of employee contributions (30,240) (34,390) (37,980) (42,305) (48,384) (53,695) (59,069) Plan to plan resource movement - (3,066) 531 74 (2) - - Administrative expense - (922) (496) (1,209) (1,413) (694) (1,454) Other miscellaneous expense - - - - (2,683) 2 - Net change in fiduciary net position 121,369 13,798 4,269 88,950 66,434 58,096 45,245 Plan fiduciary net position -- beginning 678,261 799,630 813,428 817,697 906,647 973,081 1,031,177 Plan fiduciary net position -- ending (b) 799,630$ 813,428$ 817,697$ 906,647$ 973,081$ 1,031,177$ 1,076,422$ Net pension liability -- ending (a) - (b) 213,647$ 233,618$ 293,925$ 349,931$ 351,588$ 376,580$ 404,912$ Plan fiduciary net position as a percentage of the total pension liability 78.92% 77.69% 73.56% 72.15% 73.46% 73.25% 72.67% Covered payroll ** 156,032$ 157,449$ 166,403$ 176,795$ 181,331$ 185,823$ 195,700$ Net pension liability as a percentage of covered payroll 136.93% 148.38% 176.63% 197.93% 193.89% 202.66% 206.90% Meas urement date June 30, 2014 June 30, 2015 June 30, 2016 June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020 Notes to the Required Supplementary Information
* Fiscal year 2015 was the first year of implementation, therefore, only seven years are shown. ** Cov ered payroll was restated during fiscal year 2016 to reflect the implementation of GASB 82.

Fiscal Year

Page 139 of 309 ends

City of Sacramento
Required Supplementary Information
Agent Multiple-Employer Defined Benefit Pension Plan
CalPERS Miscellaneous Plan
Schedule of Contributions
Last Ten Years* (in thousands)

2015 2016 2017 2018 2019 2020 2021
Actuarially determined contributions 22,711$ 26,156$ 30,084$ 26,947$ 33,664$ 39,797$ 43,941$ Contributions in relation to the actuarially determined contribution 22,711 26,156 30,084 26,947 33,664 39,797 43,941 Contribution deficiency (excess) -$ - $ - $ - $ - $ - $ - $ Covered payroll ** 157,449$ 166,403$ 176,795$ 181,331$ 185,823$ 195,700$ 204,851$ Contributions as a percentage of covered payroll 14.42% 15.72% 17.02% 14.86% 18.12% 20.34% 21.45% Notes to the Required Supplementary Information
Valuation date: 6/30/2012 6/30/2013 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6/30/2018 Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age normal cost method
Amortization method Level percentage of payroll
Asset valuation method 15 year smoothed market
Inflation 2.5%
Salary Increase 3.3% to 14.2% depending on Age, Service, and type of employment Investment rate of return 7.25% (net of administrative expenses) Retirement age 50 - 67 years
Mortality
* Fiscal year 2015 was the first year of implementation, therefore, only seven years are shown. ** Covered payroll was restated during fiscal year 2016 to reflect the implementation of GASB 82.

Mortality assumptions are based on mortality rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board, first used in the June 30, 2009 valuation
Fiscal Year

Page 140 of 309 ends

City of Sacramento
Required Supplementary Information
Agent Multiple-Employer Defined Benefit Pension Plan
CalPERS Safety Plan
Schedule of Changes in Net Pension Liability and Related Ratios Last Ten Years* (in thousands)

2015 2016 2017 2018 2019 2020 2021
Total pension liability
Service cost 29,539$ 29,653$ 31,672$ 37,372$ 38,386$ 40,221$ 42,306$ Interest on the total pension liability 107,189 112,331 118,821 123,132 127,930 136,323 143,878 Changes of assumptions - (28,604) - 107,046 (17,242) - - Differences between expected and actual experience - (593) 14,398 (15,086) 3,954 35,991 20,246 Benefit payments, including refunds of employee contributions (66,215) (70,545) (74,572) (78,232) (82,999) (88,688) (95,642) Net change in total pension liability 70,513 42,242 90,319 174,232 70,029 123,847 110,788 Total pension liability -- beginning 1,447,520 1,518,033 1,560,275 1,650,594 1,824,826 1,894,855 2,018,702 Total pension liability -- ending (a) 1,518,033$ 1,560,275$ 1,650,594$ 1,824,826$ 1,894,855$ 2,018,702$ 2,129,490$ Plan fiduciary net position
Contributions - employer 27,935$ 30,798$ 36,001$ 40,609$ 41,588$ 49,875$ 58,584$ Contributions - employee 16,094 15,565 18,465 18,980 21,564 22,752 23,832 Net investment income 171,795 25,341 4,971 125,586 104,661 86,282 69,226 Benefit payments, including refunds of employee contributions (66,215) (70,545) (74,572) (78,232) (82,999) (88,688) (95,642) Plan to plan resource movement - 1 - (74) (4) - - Administrative expense - (1,288) (697) (1,665) (1,922) (937) (1,947) Other miscellaneous expense - - - - (3,650) 3 - Net change in fiduciary net position 149,609 (128) (15,832) 105,204 79,238 69,287 54,053 Plan fiduciary net position -- beginning 994,493 1,144,102 1,143,974 1,128,142 1,233,346 1,312,584 1,381,871 Plan fiduciary net position -- ending (b) 1,144,102$ 1,143,974$ 1,128,142$ 1,233,346$ 1,312,584$ 1,381,871$ 1,435,924$ Net pension liability -- ending (a) - (b) 373,931$ 416,301$ 522,452$ 591,480$ 582,271$ 636,831$ 693,566$ Plan fiduciary net position as a percentage of the total pension liability 75.37% 73.32% 68.35% 67.59% 69.27% 68.45% 67.43% Covered payroll ** 107,176$ 112,067$ 120,120$ 126,438$ 132,206$ 138,718$ 147,409$ Net pension liability as a percentage of covered payroll 348.89% 371.48% 434.94% 467.80% 440.43% 459.08% 470.50% Meas urement date June 30, 2014 June 30, 2015 June 30, 2016 June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020 Notes to the Required Supplementary Information
* Fiscal year 2015 was the first year of implementation, therefore, only seven years are shown. ** Cov ered payroll was restated during fiscal year 2016 to reflect the implementation of GASB 82.

Fiscal Year

Page 141 of 309 ends

City of Sacramento
Required Supplementary Information
Agent Multiple-Employer Defined Benefit Pension Plan
CalPERS Safety Plan
Schedule of Contributions
Last Ten Years* (in thousands)

2015 2016 2017 2018 2019 2020 2021
Actuarially determined contributions 36,638$ 40,959$ 47,222$ 49,102$ 56,327$ 66,147$ 66,915$ Contributions in relation to the actuarially determined contribution 36,638 40,959 47,222 49,102 56,327 66,147 66,915 Contribution deficiency (excess) -$ - $ - $ - $ - $ - $ - $ Covered payroll ** 112,067$ 120,120$ 126,438$ 132,206$ 138,718$ 147,409$ 160,619$ Contributions as a percentage of covered payroll 32.69% 34.10% 37.35% 37.14% 40.61% 44.87% 41.66% Notes to the Required Supplementary Information
Valuation date: 6/30/2012 6/30/2013 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6/30/2018 Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age normal cost method
Amortization method Level percentage of payroll
Asset valuation method 15 year smoothed market
Inflation 2.5%
Salary Increase 3.3% to 14.2% depending on age, service, and type of employment Investment rate of return 7.25% (net of administrative expenses) Retirement age 50 - 67 years
Mortality
* Fiscal year 2015 was the first year of implementation, therefore, only seven years are shown. ** Covered payroll was restated during fiscal year 2016 to reflect the implementation of GASB 82.

Mortality assumptions are based on mortality rates resulting from the most recent CalPERS Experience Study adopted by the CalPERS Board, first used in the June 30, 2009 valuation
Fiscal Year

Page 142 of 309 ends

City of Sacramento
Required Supplementary Information
Sacramento City Employees’ Retirement System,
a Single-Employer Defined Benefit Pension Plan
Schedule of Changes in Net Pension Liability and Related Ratios Last Ten Years* (in thousands)

2015 2016 2017 2018 2019 2020 2021
Total pension liability
Service cost 131$ 103$ 96$ 92$ 66$ 49$ 18$ Interest on the total pension liability 23,134 23,416 22,759 20,877 20,095 19,363 18,342 Changes of assumptions 23,117 - (16,246) 862 (927) (1,593) 2,673 Differences between expected and actual experience (8,783) (1,173) (3,701) (2,457) 304 (3,768) (6,349) Benefit payments, including refunds of employee contributions (33,791) (32,683) (32,171) (31,583) (31,134) (30,457) (28,992) Net change in total pension liability 3,808 (10,337) (29,263) (12,209) (11,596) (16,406) (14,308) Total pension liability -- beginning 372,670 376,478 366,141 336,878 324,669 313,073 296,667 Total pension liability -- ending (a) 376,478$ 366,141$ 336,878$ 324,669$ 313,073$ 296,667$ 282,359$ Plan fiduciary net position
Contributions - employer 9,183$ 8,645$ 8,645$ 8,645$ 7,507$ 4,410$ 3,822$ Contributions - employee 82 146 63 55 49 25 16 Net investment income 13,375 7,799 26,803 20,982 18,537 7,591 73,150 Benefits payments, including refunds of employee contributions (33,791) (32,683) (32,171) (31,583) (31,134) (30,457) (28,992) Net change in fiduciary net position (11,151) (16,093) 3,340 (1,901) (5,041) (18,431) 47,996 Plan fiduciary net position -- beginning 312,414 301,263 285,170 288,510 286,609 281,568 263,137 Plan fiduciary net position -- ending (b) 301,263$ 285,170$ 288,510$ 286,609$ 281,568$ 263,137$ 311,133$ Net pension liability (Asset)-- ending (a) - (b) 75,215$ 80,971$ 48,368$ 38,060$ 31,505$ 33,530$ (28,774)$ Plan fiduciary net position as a percentage of the total pension liability 80.02% 77.89% 85.64% 88.28% 89.94% 88.70% 110.19% Covered payroll ** 1,180$ 1,020$ 1,049$ 921$ 678$ 362$ 270$ Net pension liability (Asset) as a percentage of covered payroll 6374.15% 7938.33% 4610.87% 4132.46% 4646.76% 9262.43% -10657.04% Meas urement date June 30, 2015 June 30, 2016 June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020 June 30, 2021 Notes to the Required Supplementary Information
* Fiscal year 2015 was the first year of implementation, therefore, only seven years are shown. ** Covered payroll was restated during fiscal year 2016 to reflect the implementation of GASB 82.

Fis cal Year

Page 143 of 309 ends

City of Sacramento
Required Supplementary Information
Sacramento City Employees’ Retirement System,
a Single-Employer Defined Benefit Pension Plan
Schedule of Contributions
Last Ten Years* (in thousands)
2015 2016 2017 2018 2019 2020 2021
Actuarially determined contributions 9,183$ 8,645$ 8,330$ 8,267$ 5,268$ 4,410$ 3,822$ Contributions in relation to the actuarially determined contribution 9,183 8,645 8,645 8,645 7,507 4,410 3,822 Contribution deficiency (excess) -$ - $ (315)$ (378)$ (2,239)$ - $ - $ Covered payroll ** 1,180$ 1,020$ 1,049$ 921 $ 678 $ 362 $ 270 $ Contributions as a percentage of covered payroll 778% 848% 824% 939% 1107% 1218% 1416% Notes to the Required Supplementary Information
Valuation date: 6/30/2013 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age normal
Amortization method Level dollar payments over 12 years, open period Asset valuation method 3 year smoothed market value
Inflation 2.75%
Salary increases 3.25%
Investment rate of return 6.50%
Retirement age
Mortality
* Fiscal year 2015 was the first year of implementation, therefore, only seven years are shown. ** Covered payroll was restated during fiscal year 2016 to reflect the implementation of GASB 82.

Deferred vested members covered under Section 399 are assumed to retire at age 62; those covered under Section 175 are assumed to retire at age 65 CalPERS 1997-2015 Mortality Tables with Scale MP-2018
Fiscal Year

Page 144 of 309 ends

City of Sacramento
Required Supplementary Information
Schedule of Changes in Net OPEB Liability and Related Ratios Last Ten Years* (in thousands)

2018 2019 2020 2021
Total OPEB liability
Service cost 11,872$ 11,052$ 9,931$ 5,809$ Interest on the total OPEB liability 15,313 16,612 18,106 19,582 Changes of benefit terms - - 383 - Changes of assumptions (24,429) (30,845) (92,281) (4,097) Changes between expected and actual experience - - (28,948) - Benefit payments (12,565) (12,903) (14,890) (15,764) Net change in total OPEB liability (9,809) (16,084) (107,699) 5,530 Total OPEB liability -- beginning 425,766 415,957 399,873 292,174 Total OPEB liability -- ending (a) 415,957$ 399,873$ 292,174$ 297,704$ Plan fiduciary net position
Contributions - employer 21,605$ 21,072$ 18,406$ 24,598$ Contributions - employee 297 308 303 310 Net investment income 2,034 2,156 2,432 1,064 Benefit payments (12,565) (12,903) (14,890) (15,764) Administrative expense (10) (51) (8) (23) Net change in fiduciary net position 11,361 10,582 6,243 10,185 Plan fiduciary net position -- beginning 15,084 26,445 37,027 43,270 Plan fiduciary net position -- ending (b) 26,445$ 37,027$ 43,270$ 53,455$ Net OPEB liability -- ending (a) - (b) 389,512$ 362,846$ 248,904$ 244,249$ Plan fiduciary net position as a percentage of the total OPEB liability 6.36% 9.26% 14.81% 18. 00%
Covered-employee payroll 237,926$ 236,885$ 245,622$ 261,187$ Net OPEB liability as a percentage of covered payroll 163.71% 153.17% 101.34% 93.51% Meas urement date June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020 Notes to the Required Supplementary Information
* Fiscal year 2018 was the first year of implementation, therefore, only four years are shown.

Fiscal Year

Page 145 of 309 ends

City of Sacramento
Required Supplementary Information
OPEB Schedule of Contributions
Last Ten Years* (in thousands)

2018 2019 2020 2021
Actuarially determined contributions 36,393$ 34,454$ 36,155$ 25,548$ Contributions in relation to the actuarially determined contribution 21,072 18,406 24,598 21,687 Contribution deficiency (excess) 15,321 16,048 11,557 3,861 Covered-employee payroll 236,885$ 245,622$ 261,187$ 249,162$ Contributions as a percentage of covered-employee payroll 8.90% 7.49% 9.42% 8.70% Notes to the Required Supplementary Information
Valuation date: 6/30/2016 6/30/2017 6/30/2018 6/30/2019 Methods and assumptions used to determine contribution rates:

Actuarial cost method Entry age normal cost method
Amortization method Level percentage of payroll over a closed rolling 18 year period Asset valuation method Investment gains and losses spread over 5-yearrolling period Inflation 2.75%
Salary Increase 3%
Investment rate of return 6.75%
Healthcare cost trend rate
Mortality
* Fiscal year 2018 was the first year of implementation, therefore, only four years are shown.

Mortality assumptions are based on mortality rates resulting from the CalPERS 1997-2015 Experience Study and SCERS June 30, 2019 valuation assumptions
Non- Medicare - 7.5% for 2020, decreasing to 4% for 2076 and later Medicare - 6.5% for 2020, decreasing to 4% for 2076 and later Fiscal Year

Page 146 of 309 ends

OTHER GOVERNMENTAL FUNDS

Other governmental funds are nonmajor funds reported in the other governmental funds column of the governmental funds financial statements and include:

OTHER 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. These funds are generally required by statute, charter, or ordinance to finance specific governmental functions. The individual funds are listed in the other special revenue funds section of the ACFR.

OTHER DEBT SERVICE FUNDS are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for principal and interest, or that are being accumulated for principal and interest maturing in future years. The individual funds are listed in the other debt service funds section of the ACFR.

OTHER CAPITAL PROJECTS FUNDS are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for governmental capital assets. The individual funds are listed in the other capital projects funds section of the ACFR.

PERMANENT FUNDS are used to account for and report resources that are held by the City which are legally restricted to the extent that only earnings may be used for purposes that support City programs. The individual funds are listed in the permanent funds section of the ACFR.

Page 147 of 309 ends

City of Sacramento
Other Governmental Funds
Combining Balance Sheet
June 30, 2021
(in thousands)
Other Other Other Total
Special Debt Capital Other
Revenue Service Projects Permanent Governmental
Funds Funds Funds Funds Funds
ASSETS
Cash and investments held by City 139,898$ 3,910$ 195,952$ 6,677$ 346,437$ Cash and investments held by fiscal agent - 53 - - 53
Receivables, net:

Taxes 5,632 - - - 5,632
Accounts 2,118 - 8,290 - 10,408
Loans 950 - - - 950
Intergovernmental 641 12,249 15,104 - 27,994
Interest 119 - 168 12 299
Prepaid items 1 - - - 1
Restricted assets:

Cash and investments held by City 160 - 12,600 - 12,760 Cash and investments held by fiscal agent - 4,183 - - 4,183 Total assets 149,519
$ 20,395$ 232,114$ 6,689$ 408,717$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 4,712 $ -$ 9,170$ 9$ 13,891$
Accrued payroll 39 - - - 39
Due to other funds - - 3,455 - 3,455
Deposits 2,234 - - - 2,234
Unearned revenue 533 - 5,401 - 5,934
Advances from other funds 6,424 - - - 6,424
Total liabilities 13,942 - 18,026 9 31,977
Deferred inflows of resources:

Unavailable revenue 272 12,249 14,999 - 27,520
Fund balances:

Nonspendable:

Prepaid items 1 - - - 1
Permanent fund principal - - - 578 578
Restricted:

Capital projects 23,743 - 206,580 - 230,323
Debt service 160 4,183 - - 4,343
Public works programs 21,141 - - - 21,141
Economic development programs 49,537 - - - 49,537
Other programs 20,161 - 1,561 6,102 27,824
Committed:

Capital projects 867 - - - 867
Debt service - 1,992 - - 1,992
Other program
s 22,662 - - - 22,662
Assigned:

Debt service - 1,971 - - 1,971
Unrealized investment gains - - - - -
Other programs 63 - - - 63
Unassigned (3,030) - (9,052) - (12,082)
Total fund balances 135,305 8,146 199,089 6,680 349,220 Total liabilities, deferred inflows of resources
and fund balances 149,519$ 20,395$ 232,114$ 6,689$ 408,717$

Page 148 of 309 ends

City of Sacramento
Other Governmental Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2021
(in thousands)
Other Other Other Total
Special Debt Capital Other
Revenue Service Projects Permanent Governmental
Funds Funds Funds Funds Funds
Revenues:

Taxes 10,125$ -$ 3,451$ -$ 13,576$
Intergovernmental 16,487 420 52,534 - 69,441
Charges for services 18,561 - 1,140 - 19,701
Fines, forfeits and penalties 346 - - - 346
Interest, rents, and concessions 3,588 1,501 1,263 1,285 7,637 Community service fees 451 - 26,766 - 27,217
Assessment levies 50,024 - 1,388 - 51,412
Contributions and donations 396 - 47,213 - 47,609
Total revenues 99,978 1,921 133,755 1,285 236,939 Expenditures:

Current:

General government 14,902 - 800 170 15,872
Public works 29,628 - 6,303 - 35,931
Convention and cultural services 5,323 - - 307 5,630
Youth, parks, and community enrichment 8,761 - 180 - 8,941 Community development 15,345 - 17,539 - 32,884
Library 8,446 - - - 8,446
Utilities 212 - - - 212
Capital outlay 5
,442 - 90,442 - 95,884
Debt service:

Principal 1,070 13,265 8,083 - 22,418
Interest and fiscal charges 1,006 10,509 104 - 11,619
Total expenditures 90,135 23,774 123,451 477 237,837 Excess (deficiency) of revenues over
(under) expenditures 9,843 (21,853) 10,304 808 (898) Other financing sources (uses):

Transfers in 15,640 17,444 150 - 33,234
Transfers out (23,864) (494) (1,114) - (25,472) Issuance of long-term debt 127 - 11,128 - 11,255
Total other financing sources (uses) (8,097) 16,950 10,164 - 19,017 Changes in fund balances 1,746 (4,903) 20,468 808 18,119 Fund balances, beginning of year 133,559 13,049 178,621 5,872 331,101 Fund balances, end of year 135,305$ 8,146$ 199,089$ 6,680$ 349,220$

Page 149 of 309 ends

OTHER SPECIAL REVENUE FUNDS
Other 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. These funds are generally required by statute, charter, or ordinance to finance specific government functions. The following other special revenue funds have been classified as nonmajor funds:

TRANSPORTATION AND DEVELOPMENT FUND is used to account for the receipts of taxes and fees which are used to maintain and repair streets, bridges, and bikeways as well as for traffic safety and community development activities.

CULTURE AND LEISURE FUND is used to account for a variety of cultural arts and leisure activities. Programs in the Culture and Leisure Fund include the Sacramento Zoo, Fairytale Town, Art in Public Places, Old Sacramento Market, H Street Theatre, Golf, Marina, the Crocker Master Trust, the Winchester G. and Mary Alice Felt Endowment, Marcy Friedman Art in Public Places, and Arts and Culture.

PARKS AND RECREATION FUND is used to account for a variety of parks programs and recreation activities. Programs in the Parks and Recreation Fund include START, Special Program Donations, Ethel MacLeod Hart Trust, Land Park, and Quimby.

ECONOMIC DEVELOPMENT FUND is used to account for the receipts and disbursements of former redevelopment property tax revenues as well as the Brownfield Revolving Loan Program and the Sheraton Master Owner Participation Agreement (MOPA).

CCOMWP FUND is used to account for the revenue and expenditures associated with the City/County Office of Metropolitan Water Planning (CCOMWP). The CCOMWP was formed to develop the Water Forum Agreement with objectives to provide a reliable water supply for planned development to the year 2030 and to preserve the region’s Lower American River.

SPECIAL DISTRICTS FUND is used to account for a variety of programs that provide infrastructure maintenance and other services for specific areas of the City where special assessments or special taxes are levied.

The Special Districts Fund includes the Business Improvement Districts Program, the Landscaping and Lighting Districts Program, the Maintenance Benefit Area Program, and the Assessment District Maintenance Program.

CAL EPA FUND is used to account for the expenditures associated with the maintenance of the Joe Serna, Jr. California EPA Headquarters Building.

Page 150 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 151 of 309 ends

City of Sacramento
Other Special Revenue Funds
Combining Balance Sheet
June 30, 2021
(in thousands)
Transportation Culture and Parks and Economic
and Development Leisure Recreation Development
Fund Fund Fund Fund
ASSETS
Cash and investments held by City 58,219$ 6,579$ 8,973$ 43,051$ Cash and investments held by fiscal agent - - - -
Receivables, net:

Taxes - - - 5,632
Accounts 238 158 24 -
Loans - - - 950
Intergovernmental - - - -
Interest 116 - 3 -
Prepaid items - 1 - -
Restricted assets:

Cash and investments held by City - 160 - -
Cash and investments held by fiscal agent - - - -
Total assets 58,573$ 6,898$ 9,000$ 49,633$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 1,358 $ 71$ 166$ 93$
Accrued payroll - 13 16 3
Deposits 2,066 168 - -
Unearned revenue 505 28 - -
Advances from other funds - 6,424 - -
Total liabilities 3,929 6,704 182 96
Deferred inflows of resources:

Unavailable revenue 97 62 - -
Fund balances:

Nonspendable:

Prepaid items - 1 - -
Restricted:

Capital projects 12,632 - 4,543 -
Debt service - 160 - -
Public works programs 21,141 - - -
Economic development programs - - - 49,537
Other programs - 1,380 3,954 -
Committed:

Capital projects 193 674 - -
Other programs 20,581 947 258 -
Assigned:

Other programs - - 63 -
Unassigned - (3,030) - -
Total fund balances 54,547 132 8,818 49,537
Total liabilities, deferred inflows of resources
and fund balances 58,573$ 6,898$ 9,000$ 49,633$

Page 152 of 309 ends

City of Sacramento
Other Special Revenue Funds
Combining Balance Sheet
June 30, 2021
(in thousands)
Total Other
CCOMWP Special Districts Cal EPA Special Revenue
Fund Fund Fund Funds
ASSETS
Cash and investments held by City 1,209$ 21,002$ 865$ 139,898$ Cash and investments held by fiscal agent - - - -
Receivables, net:

Taxes - - - 5,632
Accounts - 1,687 11 2,118
Loans - - - 950
Intergovernmental 641 - - 641
Interest - - - 119
Prepaid items - - - 1
Restricted assets:

Cash and investments held by City - - - 160
Cash and investments held by fiscal agent - - - -
Total assets 1,850$ 22,689$ 876$ 149,519$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 248 $ 2,776$ -$ 4,712$
Accrued payroll 7 - - 39
Deposits - - - 2,234
Unearned revenue - - - 533
Advances from other funds - - - 6,424
Total liabilities 255 2,776 - 13,942
Deferred Inflows of resources:

Unavailable revenue 113 - 272
Fund balances:

Nonspendable:

Prepaid items - - - 1
Restricted:

Capital projects 1,482 5,086 - 23,743
Debt service - - - 160
Public works programs - - - 21,141
Economic development programs - - - 49,537
Other programs - 14,827 - 20,161
Committed:

Capital projects - - - 867
Other programs - - 876 22,662
Assigned:
- - - 63
- - - (3,030)
Other programs
Unassigned
Total fund balances 1,482 19,913 876 135,305
Total liabilities, deferred inflows of resources
and fund balances 1,850$ 22,689$ 876$ 149,519$

Page 153 of 309 ends

City of Sacramento
Other Special Revenue Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2021
(in thousands)
Transportation Culture and Parks and Economic
and Development Leisure Recreation Development
Fund Fund Fund Fund
Revenues:

Taxes -$ -$ -$ 10,125$
Intergovernmental 13,890 - 485 -
Charges for services 16,393 2,168 - -
Fines, forfeits and penalties 346 - - -
Interest, rents, and concessions 220 2,015 802 303
Community service fees 143 - 308 -
Assessment levies 306 - - -
Contributions and donations - 48 348 -
Total revenues 31,298 4,231 1,943 10,428
Expenditures:

Current:

General government - - - 1,538
Public works 13,464 - - -
Convention and cultural services - 1,712 - -
Youth, parks, and community enrichment - - 1,486 -
Community development 15,145 - - -
Library - - - -
Utilities - - - -
Capital outlay 2,246 51 623 82
Debt service:

Principal - 1,070 - -
Interest and fiscal charges - 1,006 - -
Total expenditures 30,855 3,839 2,109 1,620
Excess (deficiency) of revenues over
(under) expenditures 443 392 (166) 8,808
Other financing sources (uses):

Transfers in - 262 515 14,375
Transfers out (524) - - (20,600)
Issuance of long term debt - 127 - -
(524) 389 515 (6,225)
(81) 781 349 2,583
54,628 (649) 8,469 46,954
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficit), beginning of year
Fund balances, end of year 54,547$ 132$ 8,818$ 49,537$

Page 154 of 309 ends

City of Sacramento
Other Special Revenue Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2021
(in thousands)
Total Other
CCOMWP Special Districts Cal EPA Special Revenue
Fund Fund Fund Funds
Revenues:

Taxes -$ -$ -$ 10,125$
Intergovernmental 1,901 - 211 16,487
Charges for services - - - 18,561
Fines, forfeits and penalties - - - 346
Interest, rents, and concessions 18 220 10 3,588
Community service fees - - - 451
Assessment levies - 49,718 - 50,024
Contributions and donations - - - 396
Total revenues 1,919 49,938 221 99,978
Expenditures:

Current:

General government 2,682 10,682 - 14,902
Public works - 16,162 2 29,628
Convention and cultural services - 3,611 - 5,323
Youth, parks, and community enrichment - 7,275 - 8,761 Community development - 200 - 15,345
Library - 8,446 - 8,446
Utilities - 212 - 212
Capital outlay - 2,264 176 5,442
Debt service:

Principal - - - 1,070
Interest and fiscal charges - - - 1,006
Total expenditures 2,682 48,852 178 90,135
Excess (deficiency) of revenues over
(under) expenditures (763) 1,086 43 9,843
Other financing sources (uses):

Transfers in 488 - - 15,640
Transfers out - (2,740) - (23,864)
Issuance of long term debt - - - 127
488 (2,740) - (8,097)
(275) (1,654) 43 1,746
1,757 21,567 833 133,559
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficit), beginning of year
Fund balances, end of year
1,482$ 19,913$ 876$ 135,305$

Page 155 of 309 ends

- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 12,563$ 12,563$ 13,890$ 1,327$
Charges for services 3,451 5,863 5,680 (183)
Fines, forfeits and penalties 400 400 346 (54)
Interest, rents, and concessions 40 40 110 70
Total revenues 16,454 18,866 20,026 1,160
Expenditures:

Current:

Public works 14,005 14,002 13,462 540
Community development 3,451 5,859 3,266 2,593
Capital outlay 1,888 1,888 1,925 (37)
Total expenditures 19,344 21,749 18,653 3,096
Excess (deficiency) of revenues
over (under) expenditures (2,890) (2,883) 1,373 4,256
Other financing uses:

Transfers out - - (423) (423)
Changes in fund balance for budgeted activities (2,890) (2,883) 950 3,833 Fund balance, beginning of year for budgeted activities 44,921 44,921 44,921 - Fund balance, end of year for budgeted activities 42,031$ 42,038$ 45,871 3,833$ Change in fund balance for Transportation and
Development Special Revenue Fund activities
for which annual budgets are not adopted (1,031)
Fund balance, beginning of year for non-budgeted
activities 9,707
Fund balance, end of year 54,547$
(in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2021
Transportation and Development Special Revenue Fund

Page 156 of 309 ends

- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Charges for services 1,617$ 1,617$ 2,168$ 551$
Interest, rents and concessions 1,171 1,171 2,015 844
Contributions and donations 45 45 48 3
Total revenues 2,833 2,833 4,231 1,398
Expenditures:

Current:

Convention and cultural services 1,442 1,442 1,712 (270) Capital outlay 769 769 51 718
Debt service:

Principal 1,208 1,208 1,070 138
Interest and fiscal charges 879 879 1,006 (127)
Total expenditures 4,298 4,298 3,839 459
Excess (deficiency) of revenues
over (under) expenditures (1,465) (1,465) 392 1,857
Other financing sources:

Transfers in 250 250 262 12
Issuance of long term debt - - 127 127
Total other financing sources 250 250 389 139
Changes in fund balance (1,215) (1,215) 781 1,996
Fund deficit, beginning of year (649) (649) (649) -
Fund balance (deficit), end of year (1,864)$ (1,864)$ 132$ 1,996$ (in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2021
Culture and Leisure Special Revenue Fund

Page 157 of 309 ends

- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 658$ 432$ 485$ 53$
Interest, rents and concessions 45 45 75 30
Community service fees 46 46 15 (31)
Total revenues 749 523 575 52
Expenditures:

Current:

Youth, parks, and community enrichment 1,753 1,309 1,270 39 Capital outlay 1 1 9 (8)
Total expenditures 1,754 1,310 1,279 31
Deficiency of revenues under expenditures (1,005) (787) (704) 83 Other financing sources:

Transfers in - 600 515 (85)
Changes in fund balance for budgeted activities (1,005) (187) (189) (2) Fund balance, beginning of year for budgeted activities 510 510 510 - Fund balance (deficit), end of year for budgeted activities (495)$ 323$ 321 (2)$ Change in fund balance for Parks and Recreation
538
Fund balance, beginning of year for non-budgeted
activities 7,959
Fund balance, end of year 8,818$
Special Revenue Fund activities for which annual
budgets are not adopted.
(in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2021
Parks and Recreation Special Revenue Fund

Page 158 of 309 ends

- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 1,124$ 841$ 1,901$ 1,060$
Interest, rents and concessions - - 18 18
Total revenues 1,124 841 1,919 1,078
Expenditures:

Current:

General government 2,088 4,478 2,682 1,796
Deficiency of revenues
under expenditures (964) (3,637) (763) 2,874
Other financing sources:

Transfers in 488 488 488 -
Changes in fund balance (476) (3,149) (275) 2,874
Fund balance, beginning of year 1,757 1,757 1,757 - Fund balance (deficit), end of year 1,281$ (1,392)$ 1,482$ 2,874$ Budgeted Amounts
City of Sacramento
CCOMWP Special Revenue Fund
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2021
(in thousands)

Page 159 of 309 ends

Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Interest, rents, and concessions -$ -$ 220$ 220$
Assessment levies 51,236 49,869 49,718 (151)
Total revenues 51,236 49,869 49,938 69
Expenditures:

Current:

General government 9,795 10,431 10,682 (251)
Public works 18,850 18,650 16,162 2,488
Convention and cultural services 7,219 3,637 3,611 26 Youth, parks, and community enrichment 7,512 7,512 7,275 237 Community development 200 200 200 -
Library 8,640 8,640 8,446 194
Utilities 679 679 212 467
Capital outlay 6,276 8,005 2,264 5,741
Total expenditures 59,171 57,754 48,852 8,902
Excess (deficiency) of revenues
over (under) expenditures (7,935) (7,885) 1,086 8,971 Other financing uses:

Transfers out (2,740) (2,740) (2,740) -
(10,675) (10,625) (1,654) 8,971
Fund balance, beginning of year 21,567 21,567 21,567 - Fund balance, end of year 10,892$ 10,942$ 19,913$ 8,971$ Changes in fund balance
Budgeted Amounts
City of Sacramento
For the Fiscal Year Ended June 30, 2021
(in thousands)
Special Districts Special Revenue Fund

Page 160 of 309 ends

Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 188 $ 188$ 211$ 23$
Interest, rents, and concessions - - 10 10
Total revenues 188 188 221 33
Expenditures:

Current:

Public Works - - 2 (2)
Capital outlay 176 176 176 -
Total expenditures 176 176 178 (2)
12 12 43 31
Fund balance, beginning of year 833 833 833 -
Fund balance, end of year 845$ 845$ 876$ 31$
Changes in fund balance
Budgeted Amounts
City of Sacramento
For the Fiscal Year Ended June 30, 2021
(in thousands)
Cal EPA Special Revenue Fund

Page 161 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 162 of 309 ends

OTHER DEBT SERVICE FUNDS
Other debt service funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for principal and interest, or that are being accumulated for principal and interest maturing in future years. The following debt service funds have been classified as nonmajor funds:
1993 SERIES A REVENUE BOND FUND is used to account for refunded debt service activities related to the City of Sacramento’s 1986 COP issue and for the debt service activity related to the partial refunding of the City of Sacramento’s 1991 Marks-Roos Revenue Bond issuance. The 1993 Series A Revenue Bonds were paid off in the fiscal year ended June 30, 2021. 1993 SERIES B REVENUE BOND FUND is used to account for refunded debt service activities related to the City of Sacramento’s 1989 COP issuance. The 1993 Series B Revenue Bonds were paid off in the fiscal year ended June 30, 2021.
2006 SERIES B REVENUE BOND FUND is used to account for debt service activities related to financing an arts rehearsal facility and other public capital improvements and redevelopment projects.
2006 SERIES E REVENUE BOND FUND is used to account for refunding debt service related to refinancing all the 2001 Capital Improvement Revenue Bonds and a portion of the 2002 and 2003 Capital Improvement Revenue Bonds.
2015 REFUNDING REVENUE BOND FUND is used to account for debt service activities related to the refunding of the outstanding 2002 Capital Improvement Revenue Bonds, 2003 Capital Improvement Revenue Bonds, 2005 Refunding Revenue Bonds, and the 2006 Capital Improvement Revenue Bonds Series A and C.
2016 SPFA LEASE FINANCING (H STREET THEATER COMPLEX) FUND is used to account for debt service activities related to the refunding of the Sacramento Regional Arts Facilities 2002 Series Certificates of Participation (COPs).

OTHER CITY DEBT FUND is used to account for debt service activities related to the financing of other programs of the City.

Page 163 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 164 of 309 ends

City of Sacramento
Other Debt Service Funds
Combining Balance Sheet
June 30, 2021
(in thousands)
2006 2006 2015
Series B Series E Refunding
Revenue Revenue Revenue
Bond Fund Bond Fund Bond Fund
ASSETS
Assets:

Cash and investments held by City 1,939 $ - $ 1,970$
Cash and investments held by fiscal agent 53 - -
Receivables, net:

Intergovernmental 10,301 1,948 -
Restricted assets:

Cash and investments held by fiscal agent 3,942 - -
Total assets 16,235$ 1,948$ 1,970$

DEFERRED INFLOWS OF RESOURCES AND FUND BALANCE
S
Deferred inflows of resources:

Unavailable revenue 10,301 1,948 -
Fund balances:

Restricted:

Debt service 3,942 - -
Committed:

Debt service 1,992 - -
Assigned:

Debt service - - 1,970
Total fund balances 5,934 - 1,970
Total deferred inflows of resources
and fund balances 16,235$ 1,948$ 1,970$

Page 165 of 309 ends

City of Sacramento
Other Debt Service Funds
Combining Balance Sheet
June 30, 2021
(in thousands)
2016 Total
SPFA Other
Lease Financing Other City Debt Service
Fund Debt Fund Funds
ASSETS
Assets:

Cash and investments held by City - $ 1$ 3,910$
Cash and investments held by fiscal agent - - 53
Receivables, net:

Intergovernmental - - 12,249
Restricted assets:

Cash and investments held by fiscal agent 241 - 4,183 Total assets 241$ 1$ 20,395$

DEFERRED INFLOWS OF RESOURCES AND FUND BALANCE
S
Deferred inflows of resources:

Unavailable revenue - - 12,249
Fund balances:

Restricted: .

Debt service 241 - 4,183
Committed:

Debt service - - 1,992
Assigned:

Debt service - 1 1,971
Total fund balances 241 1 8,146
Total deferred inflows of resources
and fund balances 241$ 1$ 20,395$

Page 166 of 309 ends

City of Sacramento
Other Debt Service Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2021
(in thousands)
1993 1993 2006 2006
Series A Series B Series B Series E
Revenue Revenue Revenue Revenue
Bond Fund Bond Fund Bond Fund Bond Fund
Revenues:

Intergovernmental -$ -$ 420$ -$
Interest, rents, and concessions 1 1 813 102
Total revenues 1 1 1,233 102
Expenditures:

Debt service:

Principal 1,024 2,901 1,485 -
Interest and fiscal charges 28 78 2,457 4,086
Total expenditures 1,052 2,979 3,942 4,086
Deficiency of revenues
under expenditures (1,051) (2,978) (2,709) (3,984)
Other financing sources (uses):

Transfers in - - 2,350 3,984
Transfers out (172) (322) - -
Total other financing sources (uses) (172) (322) 2,350 3,984 Changes in fund balances (1,223) (3,300) (359) -
Fund balances, beginning of year 1,223 3,300 6,293 - Fund balances, end of year -$ -$ 5,934$ -$

Page 167 of 309 ends

City of Sacramento
Other Debt Service Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2021
(in thousands)
2015 2016 Total
Refunding SPFA Other Debt
Revenue Lease Financing Other City Service
Bond Fund Fund Debt Fund Funds
Revenues:

Intergovernmental - $ -$ -$ 420$
Interest, rents, and concessions 20 564 - 1,501
Total revenues 20 564 - 1,921
Expenditures:

Debt service:

Principal 7,380 475 - 13,265
Interest and fiscal charges 3,664 196 - 10,509
Total expenditures 11,044 671 - 23,774
Deficiency of revenues
under expenditures (11,024) (107) - (21,853)
Other financing sources:

Transfers in 11,044 66 - 17,444
Transfers out - - - (494)
Total other financing sources (uses) 11,044 66 - 16,950 Changes in fund balances 20 (41) - (4,903)
Fund balances, beginning of year 1,950 282 1 13,049
Fund balances, end of year 1,970$ 241$ 1$ 8,146$

Page 168 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 169 of 309 ends

OTHER CAPITAL PROJECTS FUNDS
Other capital projects funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for governmental capital projects.

The following capital projects funds have been classified as nonmajor funds:

GENERAL FUND CAPITAL PROJECTS FUND is used to account for the proceeds of bond issues and associated capital projects.

TRANSPORTATION AND DEVELOPMENT CAPITAL PROJECTS FUND is used to account for the receipts of taxes and fees which are used to construct transportation-related capital projects.

CROCKER ART MUSEUM EXPANSION FUND is used to account for contributions from the Crocker Art Museum Association (CAMA) and related expenditures for the museum expansion project.

CAPITAL GRANTS FUND is used to account for capital improvement program projects that are funded by parties outside of the City including the State and Federal governments.

FINANCING PLANS FUND is used to account for the construction of public infrastructure funded by developer impact fees authorized under financing plans.

SPECIAL DISTRICTS CAPITAL PROJECTS FUND is used to account for the proceeds of special assessment bond issues which are used in the construction of street lighting, curbs, gutters, sidewalks, and drainage infrastructure.

ECONOMIC DEVELOPMENT FUND is used to account for the excess proceeds of Redevelopment Agency (RDA) pre-2011 non-housing bond issues and associated capital projects.

Page 170 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 171 of 309 ends

City of Sacramento
Other Capital Projects Funds
Combining Balance Sheet
June 30, 2021
(in thousands)
Crocker
General Fund Transportation Art Museum Capital
Capital Projects and Development Expansion Grants
Fund Fund Fund Fund
ASSETS
Cash and investments held by City -$ 81,734$ -$ -$
Receivables, net:

Accounts - 938 - 159
Intergovernmental - 2,292 - 12,812
Interest - 85 - -
Restricted assets:

Cash and investments held by City 105 - 151 31
Total assets 105$ 85,049$ 151$ 13,002$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable - $ 1,558$ -$ 4,233$
Due to other funds - - - 3,455
Unearned revenue - 481 - 1,454
Total liabilities - 2,039 - 9,142
Deferred inflows of resources:

Unavailable revenue - 2,125 - 8,999
Fund balances:

Restricted:

Capital projects 105 80,938 151 3,860
Other programs - - -
Unassigned - (53) - (8,999)
Total fund balances (deficit) 105 80,885 151 (5,139) Total liabilities, deferred inflows of resources
and fund balances 105$ 85,049$ 151$ 13,002$

Page 172 of 309 ends

City of Sacramento
Other Capital Projects Funds
Combining Balance Sheet
June 30, 2021
(in thousands)
Total
Financing Special Economic Other
Plans Districts Development Capital Projects
Fund Fund Fund Funds
ASSETS
Cash and investments held by City 89,833$ 24,385$ -$ 195,952$ Receivables, net:

Accounts 7,193 - - 8,290
Intergovernmental - - - 15,104
Interest 83 - - 168
Restricted assets:

Cash and investments held by City - - 12,313 12,600
Total assets 97,109$ 24,385$ 12,313$ 232,114$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 2,912 $ -$ 467$ 9,170$
Due to other funds - - - 3,455
Unearned revenue 3,466 - - 5,401
Total liabilities 6,378 - 467 18,026
Deferred inflows of resources:

Unavailable revenue 3,875 - - 14,999
Fund balances:

Restricted:

Capital projects 85,295 24,385 11,846 206,580
Other programs 1,561 - - 1,561
Unassigned - - - (9,052)
Total fund balances (deficit) 86,856 24,385 11,846 199,089 Total liabilities, deferred inflows of resources
and fund balances 97,109$ 24,385$ 12,313$ 232,114$

Page 173 of 309 ends

City of Sacramento
Other Capital Projects Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2021
(in thousands)
Crocker
General Fund Transportation Art Museum Capital
Capital Projects and Development Expansion Grants
Fund Fund Fund Fund
Revenues:

Taxes -$ 3,451$ -$ -$
Intergovernmental - 23,971 - 28,563
Charges for services - 600 - -
Interest, rents, and concessions 1 523 2 56
Community service fees - - - -
Assessment levies - - - -
Contributions and donations - - - 458
Total revenues 1 28,545 2 29,077
Expenditures:

Current:

General government - - - -
Public works - 6,244 - -
Youth, parks, and community enrichment - - - -
Community development - - - -
Capital outlay 25 13,183 - 26,807
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total expenditures 25 19,427 - 26,807
Excess (deficiency) of revenues over
(under) expenditures (24) 9,118 2 2,270
Other financing sources (uses):

Transfers in - - - 150
Transfers out - - - (56)
Issuance of long-term debt - - - -
Total other financing sources (uses) - -
- 94
Changes in fund balances (24) 9,118 2 2,364
Fund balances (deficit) , beginning of year 129 71,767 149 (7,503) Fund balances (deficit) , end of year 105$ 80,885$ 151$ (5,139)$

Page 174 of 309 ends

City of Sacramento
Other Capital Projects Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2021
(in thousands)
Total
Financing Special Economic Other
Plans Districts Development Capital Projects
Fund Fund Fund Funds
Revenues:

Taxes -$ -$ -$ 3,451$
Intergovernmental - - - 52,534
Charges for services 540 - - 1,140
Interest, rents, and concessions 379 172 130 1,263
Community service fees 26,766 - - 26,766
Assessment levies 1,383 5 - 1,388
Contributions and donations - 46,755 - 47,213
Total revenues 29,068 46,932 130 133,755
Expenditures:

Current:

General government - - 800 800
Public works 59 - - 6,303
Youth, parks, and community enrichment 180 - - 180
Community development 5,062 12,477 - 17,539
Capital outlay 27,750 21,693 984 90,442
Debt service:

Principal 8,083 - - 8,083
Interest and fiscal charges 104 - - 104
Total expenditures 41,238 34,170 1,784 123,451
Excess (deficiency) of revenues over
(under) expenditures (12,170) 12,762 (1,654) 10,304
Other financing sources (uses):

Transfers in - - - 150
Transfers out (1,058) - - (1,114)
Issuance of long-term debt 11,128 - - 11,128
Total other financing sources (uses) 10,070 -
- 10,164
Changes in fund balances (2,100) 12,762 (1,654) 20,468 Fund balances (deficit) , beginning of year 88,956 11,623 13,500 178,621 Fund balances (deficit) , end of year 86,856$ 24,385$ 11,846$ 199,089$

Page 175 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 176 of 309 ends

PERMANENT FUNDS

Permanent funds are used to account for and report resources that are held by the City which are legally restricted to the extent that only earnings may be used for purposes that support City programs. The resources must be spent as provided in legal trust agreements and related state laws. The following permanent funds have been classified as nonmajor funds:

ANN LAND FUND is used to account for gifts to the City. The investment income is available to aid destitute persons in the City.

BERTHA HENSCHEL FUND is used to account for gifts to the City. The investment income is available to aid destitute persons in the City.

GEORGE CLARK SCHOLARSHIP FUND is used to account for an endowment established by George Clark, Mayor of Sacramento in 1900.

The investment income is available to provide college scholarships for Sacramento high school seniors.

ALICE MILLER FUND is used to account for gifts to the City. The investment income is available to care for a specific area of the Old City Cemetery.

SACRAMENTO HISTORY MUSEUM FUND is used to account for gifts to the Museum. The investment income is available to help pay the operating expenses of the Museum. The entire amount of the endowment was distributed to the Sacramento History Alliance and the fund was closed in the fiscal year ended June 30, 2021.

Page 177 of 309 ends

City of Sacramento
Permanent Funds
Combining Balance Sheet
June 30, 2021
(in thousands)
Bertha George Clark Total
Ann Land Henschel Scholarship Alice Miller Permanent
Fund Fund Fund Fund Funds
ASSETS
Cash and investments held by City 1,214$ 3,643$ 1,773$ 47$ 6,677$ Receivables, net:

Interest 3 8 1 - 12
Total assets 1,217$ 3,651$ 1,774$ 47$ 6,689$

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable 1 $ 3$ 5$ -$ 9$
Fund balances:

Nonspendable:

Permanent fund principal 272 278 25 3 578
Restricted:

Other programs 944 3,370 1,744 44 6,102
Total fund balances 1,216 3,648 1,769 47 6,680
Total liabilities and fund balances 1,217$ 3,651$ 1,774$ 47$ 6,689$

Page 178 of 309 ends

City of Sacramento
Permanent Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2021
(in thousands)
Bertha George Clark
Ann Land Henschel Scholarship
Fund Fund Fund
Revenues:

Interest, rents, and concessions 209 $ 625$ 449$
Expenditures:

Current:

General government 38 113 19
Convention and cultural services - - -
Total expenditures 38 113 19
Changes in fund balances 171 512 430
Fund balances, beginning of year 1,045 3,136 1,339
Fund balances, end of year 1,216$ 3,648$ 1,769$

Page 179 of 309 ends

City of Sacramento
Permanent Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2021
(in thousands)
Sacramento
History Total
Alice Miller Museum Permanent
Fund Fund Funds
Revenues:

Interest, rents, and concessions 1 $ 1$ 1,285$
Expenditures:

Current:

General government - - 170
Convention and cultural services - 307 307
Total expenditures - 307 477
Changes in fund balances 1 (306) 808
Fund balances, beginning of year 46 306 5,872
Fund balances, end of year 47$ -$ 6,680$

Page 180 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 181 of 309 ends

OTHER ENTERPRISE FUNDS
Enterprise funds are used to account for se lf-supporting City programs that provide services on a user-fee basis to the general public. The following enterprise funds have been classified as nonmajor funds:

PARKING FUND is used to account for the operation and maintenance of the City's off-street parking facilities throughout the City. 4th R CHILD DEVELOPMENT FUND is used to account for a program that provides school age childcare services at various locations throughout the City.

Page 182 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 183 of 309 ends

City of Sacramento
Other Enterprise Funds
Combining Statement of Net Position
June 30, 2021
(in thousands)
Total
4th R Other
Parking Child Development Enterprise
Fund Fund Funds
ASSETS
Current assets:

Cash and investments held by City 21,488$ 3,425$ 24,913$ Receivables, net:

Accounts 672 48 720
Prepaid items 12 1 13
Intangible asset, current portion - 8 8
Total current assets 22,172 3,482 25,654
Noncurrent assets:

Intangible assets - 112 112
Capital assets:

Land 5,825 - 5,825
Buildings and improvements 61,896 1,546 63,442
Machinery and equipment 6,235 - 6,235
Construction in progress 4,531 - 4,531
Software 32 - 32
Less: accumulated depreciation/amortization (42,531) (1,329) (43,860) Total noncurrent assets 35,988 329 36,317
Total assets 58,160 3,811 61,971

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to pensions 739 645 1,384
Deferred outflows related to OPEB 185 41 226
Total deferred outflows of resources 924 686 1,610

Page 184 of 309 ends

City of Sacramento
Other Enterprise Funds
Combining Statement of Net Position
June 30, 2021
(in thousands)
Total
4th R Other
Parking Child Development Enterprise
Fund Fund Funds

LIABILITIES
Current liabilities:
1,522 18 1,540
92 126 218
15 15 30
42 - 42
534 - 534
280 136 416
1 5 6
Accounts payable
Accrued payroll
Accrued compensated absences
Interest payable
Deposits
Unearned revenue
Accrued claims and judgments
Revenue and other bonds payable, net 1,141 - 1,141
Total current liabilities 3,627 300 3,927
Noncurrent liabilities:

Accrued compensated absences 365 254 619
Net OPEB liability 1,737 105 1,842
Revenue and other bonds payable, net 11,000 - 11,000
Net pension liability 5,409 5,393 10,802
Total noncurrent liabilities 18,511 5,752 24,263
Total liabilities 22,138 6,052 28,190

DEFERRED INFLOWS OF RESOURCES
Gain on debt refundings 194 - 194
Deferred inflows related to pensions 332 6 338
Deferred inflows related to OPEB 838 204 1,042
Total deferred inflows of resources 1,364 210 1,574

NET POSITION
Net investment in capital assets 23,643 217 23,860
Unrestricted 11,939 (1,982) 9,957
Total net position (deficit) 35,582$ (1,765)$ 33,817$

Page 185 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 186 of 309 ends

City of Sacramento
Other Enterprise Funds
Combining Statement of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2021
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Operating revenues:

Charges for services:

User fees and charges 10,048 $ 514$ 10,562$
Rents and concessions 353 - 353
Miscellaneous 2 38 40
Total operating revenues 10,403 552 10,955
Operating expenses:

Employee services 4,012 2,810 6,822
Services and supplies 5,664 533 6,197
Depreciation/amortization 1,386 79 1,465
Total operating expenses 11,062 3,422 14,484
Operating loss (659) (2,870) (3,529)
Nonoperating revenues (expenses):

Interest and investment revenue 212 18 230
Revenue from other agencies - 13 13
Interest expense (392) - (392)
Gain on disposition of capital assets 1 - 1
Total nonoperating revenues (expenses) (179) 31 (148)
Income before transfers (838) (2,839) (3,677)
Transfers in 10,624 2,576 13,200
Transfers out (8,717) - (8,717)
Changes in net position 1,069 (263) 806
Total net position (deficit), beginning of year 34,513 (1,502) 33,011 Total net position (deficit), end of year 35,582$ (1,765)$ 33,817$

Page 187 of 309 ends

City of Sacramento
Other Enterprise Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Cash flows from operating activities:

Receipts from customers and users 10,950 $ 668 $ 11,618$ Payments to suppliers (6,052) (713) (6,765)
Payments to employees (4,242) (2,708) (6,950) Claims and judgments paid - (4) (4)
Net cash provided by (used for) operating activities 656 (2,757) (2,101) Cash flows from noncapital financing activities:

Transfers in from other funds 10,624 2,576 13,200 Transfers out to other funds (1,160) - (1,160) Intergovernmental revenue received - 13 13
Net cash provided by noncapital financing activities 9,464 2,589 12,053 Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (97) - (97) Proceeds from sale of capital assets 1 - 1
Principal payments on capital debt (3,763) - (3,763) Interest payments on capital debt (589) - (589)
Transfers out to other funds (7,557) - (7,557) Net cash used for capital and related financing activities (12,005) - (12,005) Cash flows from investing activities:

Collection of interest and investment revenue 212 18 230 Net decrease in cash and cash equivalents (1,673) (150) (1,823) Cash and cash equivalents, beginning of year 23,161 3,575 26,736 Cash and cash equivalents, end of year 21,488$ 3,425$ 24,913$

Page 188 of 309 ends

Operating loss (659)$ (2,870) $ (3,529) $ Adjustments to reconcile operating loss to net cash
provided by (used for) operating activities:

Depreciation/amortization expense 1,386 70 1,456 Amortization of intangible assets - 9 9 Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net 80 (20) 60 Prepaid items 1 - 1 Accounts payable (389) (180) (569) Accrued payroll (49) (43) (92) Accrued compensated absences (3) - (3) Accrued claims and judgments - (4) (4) Deposits 513 - 513 Unearned revenue (46) 136 90 Net pension liability and related deferred outflows/inflows of resources 50 197 247 Net OPEB liability and related deferred outflows/inflows of resources (228) (52) (280) Net cash provided by (used for) operating activities 656 $ (2,757) $ (2,101) $ Noncash investing, capital and financing activities:

Amortization of bond premium and discount 147 $ - $ 147 $ Amortization of bond gain on refunding 25 - 25 Capital asset acquisitions on accounts payable 10 - 10

Page 189 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 190 of 309 ends

WATER FUND

Page 191 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 192 of 309 ends

City of Sacramento
Water Fund
June 30, 2021
(in thousands)
Development Grant 2013 Water 2017 Water
Impact Fee User Fee Projects Revenue Bonds Revenue Bonds Fund Fund Fund Fund Fund
ASSETS
Current assets:

Cash and investments held by City - $ 164,345$ -$ -$ -$ Cash and investments held by fiscal agent - - - 4 -
Receivables, net:

Accounts 1,078 22,720 - - -
Intergovernmental - - 333 - -
Interest - 655 - - -
Due from other funds - 24,151 - - -
Inventories - 772 - - -
Prepaid items - 236 - - -
Total current assets 1,078 212,879 333 4 -
Noncurrent assets:

Restricted assets:

Cash and investments held by City 43,290 22,907 - 4,275 609 Cash and investments held by fiscal agent - 564 - 2,860 - Capital assets:

Land 584 1,170 - - -
Buildings and improvements - 46,974 559 1,344 -
Machinery and equipment - 17,713 641 153 8,624
Transmission and distribution systems 3,429 642,602 3,295 95,647 53,775 Construction in progress 20,228 28,874 2,163 176,030 5 Software - 3,491 - - -
Easement - 1
34 - - -
Less: accumulated depreciation/amortization (330) (320,067) (1,295) (13,589) (3,589) Total noncurrent assets 67,201 444,362 5,363 266,720 59,424 Total assets 68,279 657,241 5,696 266,724 59,424

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt - 3,933 - - -
Deferred outflows related to pensions - 7,565 - - -
Deferred outflows related to OPEB - 896 - - -
Total deferred outflows of resources - 12,394 - - -
Combining Schedule of Net Position

Page 193 of 309 ends

ASSETS
Current assets:

Cash and investments held by City
Cash and investments held by fiscal agent
Receivables, net:

Accounts
Intergovernmental
Interest
Due from other funds
Inventories
Prepaid items
Total current assets
Noncurrent assets:

Restricted assets:

Cash and investments held by City
Cash and investments held by fiscal agent
Capital assets:

Land
Buildings and improvements
Machinery and equipment
Transmission and distribution systems
Construction in progress
Software
Easement
Less: accumulated depreciation/amortization
Total noncurrent assets
Total assets

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt
Deferred outflows related to pensions
Deferred outflows related to OPEB
Total deferred outflows of resources
City of Sacramento
Water Fund
Combining Schedule of Net Position
June 30, 2021
(in thousands)
Drinking Water 2020 Water Total
SRF Loan Revenue Refunding Water
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 164,345$
- - - 4
- - - 23,798
- - - 333
- - - 655
- - (24,151) -
- - - 772
- - - 236
- - (24,151) 190,143
- - - 71,081
- - - 3,424
- - - 1,754
15,947 - - 64,824
2,278 - - 29,409
59,799 - - 858,547
58,309 - - 285,609
- - - 3,491
- - - 134
(3,005) - - (341,875)
133,328 - - 976,398
133,328 - (24,151) 1,166,541
- 4,1
57 - 8,090
- - - 7,565
- - - 896
- 4,157 - 16,551
(continued)

Page 194 of 309 ends

LIABILITIES
Current liabilities:
340 4,533 12 - -
- - 302 - -
- 988 - - -
- 196 - - -
- 480 - 341 829
- 6 - - -
458 2,404 19 - -
- 84 - - -
- 7,338 - 5,583 1,245
Accounts payable
Due to other funds
Accrued payroll
Accrued compensated absences
Interest payable
Deposits
Unearned revenue
Accrued claims and judgments
Revenue and other bonds payable, net
Notes payable - 483 - - -
Total current liabilities 798 16,512 333 5,924 2,074 Noncurrent liabilities:

Accrued compensated absences - 3,254 - - -
Water fee credits 317 214 - - -
Net OPEB liability - 12,072 - - -
Revenue and other bonds payable, net - 99,136 - 17,624 57,763 Notes payable - 5,864 - - -
Net pension liability - 41,073 - - -
Total noncurrent liabilities 317 161,613 - 17,624 57,763 Total liabilities 1,115 178,125 333 23,548 59,837

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions - 3,416 - - -
Deferred inflows related to OPEB - 5,122 - - -
Total deferred inflows of resources - 8,538 - - -

NET POSITION
Net investment in capital assets 23,911 314,123 5,363 245,501 416 Restricted for:

Capital projects 43,253 - - - -
Unrestricted - 168,849 - (2,325) (829)
Total net position 67,164$ 482,972$ 5,363$ 243,176$ (413)$ (continued)

Page 195 of 309 ends

City of Sacramento
Water Fund
Combining Schedule of Net Position
June 30, 2021
(in thousands)

LIABILITIES
Current liabilities:

Accounts payable
Due to other funds
Accrued payroll
Accrued compensated absences
Interest payable
Deposits
Unearned revenue
Accrued claims and judgments
Revenue and other bonds payable, net
Notes payable
Total current liabilities
Noncurrent liabilities:

Accrued compensated absences
Water fee credits
Net OPEB liability
Revenue and other bonds payable, net
Notes payable
Net pension liability
Total noncurrent liabilities
Total liabilities

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

NET POSITION
Net investment in capital assets
Restricted for:

Capital projects
Unrestricted
Total net position
Drinking Water 2020 Water Total
SRF Loan Revenue Refunding Water
Fund Bonds Fund Eliminations Fund
1,513 - - 6,398
23,849 - (24,151) -
- - - 988
- - - 196
848 1,659 - 4,157
- - - 6
- - - 2,881
- - - 84
- 2,015 - 16,181
- - - 483
26,210 3,674 (24,151) 31,374
- - - 3,254
- - - 531
- - - 12,072
- 183,485 - 358,008
115,695 - - 121,559
- - - 41,073
115,695 183,485 - 536,497
141,905 187,159 (24,151) 567,871
- - - 3,416
- - - 5,122
- - - 8,538

17,633 - - 606,947
- - - 43,253
(26,210) (183,002) - (43,517)
(8,577)$ (183,002)$ -$ 606,683$

Page 196 of 309 ends

City of Sacramento
Water Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2021
(in thousands)
Development Grant 2013 Water 2017 Water
Impact Fee User Fee Projects Revenue Bonds Revenue Bonds Fund Fund Fund Fund Fund
Operating revenues:

Charges for services:

User fees and charges -$ 144,023$ 7$ -$ -$
Miscellaneous - 40 - - -
Total operating revenues - 144,063 7 - -
Operating expenses:
- 39,340 5 - -
- 26,519 79 - -
126 17,712 199 2,782 1,086
Employee services
Services and supplies
Depreciation/amortization
Claims and judgments - 71 - - -
Total operating expenses 126 83,642 283 2,782 1,086
Operating income (loss) (126) 60,421 (276) (2,782) (1,086) Nonoperating revenues (expenses):

Interest and investment revenue 436 607 - 47 6
Revenue from other agencies - 100 85 - -
Interest expense - (4,267) - (293) (2,165)
Amortization of bond prepaid insurance - (24) - - -
Total nonoperating revenues (expenses) 436 (3,584) 85 (246) (2,159) Income (loss) before capital contributions and transfers 310 56,837 (191) (3,028) (3,245) Capital contributions 4,658 4,682 - - -
Transfers in - 78 - 5,715 3,378
Transfers out - (31,491) - - -
Changes in net position 4,968 30,106 (191) 2,687 133
Total net position (deficit), beginning of year 62,196 452,866 5,554 240,489 (546) Total net position (deficit), end of year 67,164$ 482,972$ 5,363$ 243,176$ (413)$

Page 197 of 309 ends

City of Sacramento
Water Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2021
(in thousands)
Operating revenues:

Charges for services:

User fees and charges
Miscellaneous
Total operating revenues
Operating expenses:

Employee services
Services and supplies
Depreciation/amortization
Claims and judgments
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):

Interest and investment revenue
Revenue from other agencies
Interest expense
Amortization of bond prepaid insurance
Total nonoperating revenues (expenses)
Income (loss) before capital contributions and transfers Capital contributions
Transfers in
Transfers out
Changes in net position
Total net position (deficit), beginning of year
Total net position (deficit), end of year
Drinking Water 2020 Water Total
SRF Loan Revenue Refunding Water
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 144,030$
- - - 40
- - - 144,070
- - - 39,345
7 - - 26,605
1,635 - - 23,540
- - - 71
1,642 - - 89,561
-
(1,642) - - 54,509
(837) - - 259
- - - 185
(1,350) (4,878) - (12,953)
- - - (24)
(2,187) (4,878) - (12,533)
(3,829) (4,878) - 41,976
- - - 9,340
- 6,969 (16,062) 78
- - 16,062 (15,429)
(3,829) 2,091 - 35,965
(4,748) (185,093) - 570,718
(8,577)$ (183,002)$ -$ 606,683$

Page 198 of 309 ends

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
Development Grant 2013 Water 2017 Water
Impact Fee User Fee Projects Revenue Bonds R evenue Bonds Fund Fund Fund Fund Fund
Cash flows from operating activities:
-$ 142,965$ 7$ -$ -$
- (27,896) (78) - -
- (40,131) (5) - -
Receipts from customers and users
Payments to suppliers
Payments to employees
Claims and judgments paid - (80) - - -
Net cash provided by (used for) operating activities - 74,858 (76) - - Cash flows from noncapital financing activities:

Interfund cash flow loans - (24,151) 302 - -
Transfers in from other funds - 78 - - - Transfers out to other funds - (14,907) - - -
Interfund loan repayments - 72,332 (527) - -
Intergovernmental revenue received - 100 309 - -
Net cash provided by (used for) noncapital
financing activities - 33,452 84 - -
Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (2,439) (9,457) (8) - - Proceeds from issuance of debt - - - - -
Principal payments on capital debt - (6,911) - (4,580) (869) Interest payments on capital debt - (5,436) - (1,137) (2,508) Transfers in from other funds - - - 5,715 3,378
Transfers out to other funds - (16,584) - - -
Capital contributions received 3,500 (85) - - -
Net cash provided by (used for) capital and
related financing activities 1,061 (38,473) (8) (2) 1
Cash flows from investing activities:

Collection of interest and investment revenue 436 626 - 47 6 Net increase (decrease) in cash and cash equivalents 1,497 70,463 - 45 7 Cash and cash equivalents, beginning of year 41,793 117,353 - 7,094 602 Cash and cash equivalents, end of year 43,290$ 187,816$ -$ 7,139$ 609$ Reconciliation of cash and cash equivalents
to the Statement of Net Position:

Cash and investments held by City -$ 164,345$ -$ -$ -$ Cash and investments held by fiscal agent - - - 4 -
Restricted cash and investments held by City 43,290 22,907 - 4,275 609 Restricted cash and investments held by fiscal agent - 564 - 2,860 - Total cash and cash equivalents, end of year 43,290$ 187,816$ -$ 7,139$ 609$

Page 199 of 309 ends

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
Cash flows from operating activities:

Receipts from customers and users
Payments to suppliers
Payments to employees
Claims and judgments paid
Net cash provided by (used for) operating activities
Cash flows from noncapital financing activities:

Interfund cash flow loans
Transfers in from other funds
Transfers out to other funds
Interfund loan repayments
Intergovernmental revenue received
Net cash provided by (used for) noncapital
financing activities
Cash flows from capital and related financing activities:

Acquisition and construction of capital assets
Proceeds from issuance of debt
Principal payments on capital debt
Interest payments on capital debt
Transfers in from other funds
Transfers out to other funds
Capital contributions received
Net cash provided by (used for) capital and
related financing activities
Cash flows from investing activities:

Collection of interest and investment revenue
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
Reconciliation of cash and cash equivalents
to the Statement of Net Position:

Cash and investments held by City
Cash and investments held by fiscal agent
Restricted cash and investments held by City
Restricted cash and investments held by fiscal agent
Total cash and cash equivalents, end of year
Drinking Water 2020 Water Total
SRF Loan Revenue Refunding Water
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 142,972$
(7) - - (27,981)
- - - (40,136)
- - - (80)
(7) - - 74,775
23,849 - - -
- - - 78
- - - (14,907)
(71,805) - - -
- - - 409
(47,956) - - (14,420)
(21,186) - - (33,090)
70,784 - - 70,784
- (2,890) - (15,250)
(798) (4,091) - (13,970)
- 6,969 (16,062) -
- - 16,062 (522)
- - - 3,415
48,800 (12) - 11,367
(837) - - 278
- (12) - 72,000
- 1
2 - 166,854
-$ -$ -$ 238,854$
-$ -$ -$ 164,345$
- - - 4
- - - 71,081
- - - 3,424
-$ -$ -$ 238,854$
(continued)

Page 200 of 309 ends

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
Development Grant 2013 Water 2017 Water
Impact Fee User Fee Projects Revenue Bonds R evenue Bonds Fund Fund Fund Fund Fund
Reconciliation of operating income (loss) to net
cash provided by (used for) operating activities:

Operating income (loss) (126)$ 60,421$ (276)$ (2,782)$ (1,086)$ Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation/amortization expense 126 17,423 199 2,782 1,086 Amortization of intangible assets - 289
Changes in assets, liabilities, and deferred outflows and inflows of resources:
- (298) - - -
- 163 - - -
- (1,540) 1 - -
- (425) - - -
- 38 - - -
- (9) - - -
- (2) - - -
- (798) - - -
- 713 - - -
Accounts receivable, net
Inventories
Accounts payable
Accrued payroll
Accrued compensated absences
Accrued claims and judgments
Deposits
Unearned revenue
Net pension liability and related deferred outflows/inflows of resources Net OPEB liability and related deferred outflows/inflows of resources - (1,117) - - -
Net cash provided by (used for) operating activities -$ 74,858$ (76)$ -$ -$ Noncash investing, capital and financing activities:

Contributions of capital assets -$ 2,263$ -$ -$ -$
Transfer of capital assets from governmental funds, net of depreciation - 2,504 - - - Amortization of bond premium and discount - 1,277 - 768 329 Amortization of bond loss on refunding - (327) - - -
Amortization of bond gain on refunding - 191 - - -
Amortization of bond prepaid insurance - (24) - - -
Capital asset acquisitions on accounts payable 340 1,697 - - - (continued)

Page 201 of 309 ends

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
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
Amortization of intangible assets
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net
Inventories
Accounts payable
Accrued payroll
Accrued compensated absences
Accrued claims and judgments
Deposits
Unearned revenue
Net pension liability and related deferred outflows/inflows of resources Net OPEB liability and related deferred outflows/inflows of resources Net cash provided by (used for) operating activities
Noncash investing, capital and financing activities:

Contributions of capital assets
Transfer of capital assets from governmental funds, net of depreciation Amortization of bond premium and discount
Amortization of bond loss on refunding
Amortization of bond gain on refunding
Amortization of bond prepaid insurance
Capital asset acquisitions on accounts payable
Drinking Water 2020 Water Total
SRF Loan Revenue Refunding Water
Fund Bonds Fund Eliminations Fund
(1,642)$ -$ -$ 54,509$
1,635 - - 23,251
289
- - - (298)
- - - 163
- - - (1,539)
- - - (425)
- - - 38
- - - (9)
- - - (2)
- - - (798)
- - - 713
- - - (1,117)
(7)$ -$ -$ 74,775$
-$ -$ -$ 2,263$
- - - 2,504
- - - 2,374
- (196) - (523)
- - - 191
- - - (24)
1,513 - - 3,550

Page 202 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 203 of 309 ends

WASTEWATER FUND

Page 204 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 205 of 309 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2021
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund
ASSETS
Current assets:

Cash and investments held by City - $ 50,344$ -$ -$
Cash and investments held by fiscal agent - - - 1
Receivables, net:

Accounts 1,307 12,171 - -
Intergovernmental - - 293 -
Interest - 198 - -
Due from other funds - 293 - -
Inventories - 47 - -
Total current assets 1,307 63,053 293 1
Noncurrent assets:

Restricted assets:

Cash and investments held by City 6,353 1,988 - 252
Cash and investments held by fiscal agent - - - 412
Capital assets:

Land - 1,138 - -
Buildings and improvements 20,339 16,198 127 12,041
Machinery and equipment - 4,900 148 301
Transmission and distribution systems 1,013 164,325 6,679 20,712 Construction in progress - 28,217 - 725
Software - 604 - 97
Less: accumulated depreciation/amortization (175) (88,784) (240) (2,845) Total noncurrent assets 27,530 128,586 6,714 31,695
Total assets 28,837 191,639 7,007 31,696

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt - - - -
Deferred outflows related to pensions - 1,752 - -
Deferred outflows related to OPEB - 307 - -
Total deferred outflows of resources - 2,059 - -

Page 206 of 309 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2021
(in thousands)
ASSETS
Current assets:

Cash and investments held by City
Cash and investments held by fiscal agent
Receivables, net:

Accounts
Intergovernmental
Interest
Due from other funds
Inventories
Total current assets
Noncurrent assets:

Restricted assets:

Cash and investments held by City
Cash and investments held by fiscal agent
Capital assets:

Land
Buildings and improvements
Machinery and equipment
Transmission and distribution systems
Construction in progress
Software
Less: accumulated depreciation/amortization
Total noncurrent assets
Total assets

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt
Deferred outflows related to pensions
Deferred outflows related to OPEB
Total deferred outflows of resources
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 50,344$
- - - 1
- - - 13,478
- - - 293
- - - 198
- - (293) -
- - - 47
- - (293) 64,361
12,487 - - 21,080
- - - 412
- - - 1,138
4,405 - - 53,110
74 - - 5,423
8,485 - - 201,214
4,780 - - 33,722
2,746 - - 3,447
(942) - - (92,986)
32,035 - - 226,560
32,035 - (293) 290,921
- 2,453 - 2,453
- - - 1,752
- - - 307
- 2,45
3 - 4,512
(continued)

Page 207 of 309 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2021
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund

LIABILITIES
Current liabilities:
239 14,317 - 190
- - 293 -
- 241 - -
- 59 - -
- - - 38
- - - -
- 130 - -
Accounts payable
Due to other funds
Accrued payroll
Accrued compensated absences
Interest payable
Unearned revenue
Accrued claims and judgments
Revenue and other bonds payable, net
- - - 768
Total current liabilities 239 14,747 293 996
Noncurrent liabilities:

Accrued compensated absences - 822 - -
Wastewater fee credits 13,912 - - -
Net OPEB liability - 4,568 - -
Revenue and other bonds payable, net - - - 1,621
Net pension liability - 13,007 - -
Total noncurrent liabilities 13,912 18,397 - 1,621
Total liabilities 14,151 33,144 293 2,617

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions - 1,102 - -
Deferred inflows related to OPEB - 1,602 - -
Total deferred inflows of resources - 2,704 - -

NET POSITION
Net investment in capital assets 21,177 126,598 6,714 29,720 Unrestricted (6,491) 31,252 - (641)
Total net position (deficit) 14,686$ 157,850$ 6,714$ 29,079$ (continued)

Page 208 of 309 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2021
(in thousands)

LIABILITIES
Current liabilities:

Accounts payable
Due to other funds
Accrued payroll
Accrued compensated absences
Interest payable
Unearned revenue
Accrued claims and judgments
Revenue and other bonds payable, net
Total current liabilities
Noncurrent liabilities:

Accrued compensated absences
Wastewater fee credits
Net OPEB liability
Revenue and other bonds payable, net
Net pension liability
Total noncurrent liabilities
Total liabilities

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

NET POSITION
Net investment in capital assets
Unrestricted
Total net position (deficit)
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
1,199 - - 15,945
- - (293) -
- - - 241
- - - 59
433 198 - 669
- - - -
- - - 130
1,136 335 - 2,239
2,768 533 (293) 19,283
- - - 822
- - - 13,912
- - - 4,568
30,202 27,105 - 58,928
- - - 13,007
30,202 27,105 - 91,237
32,970 27,638 (293) 110,520
- - - 1,102
- - - 1,602
- - - 2,704
697 - - 184,906
(1,632) (25,185) (2,697)
(935)$ (25,185)$ -$ 182,209$

Page 209 of 309 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2021
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund
Operating revenues:

Charges for services:

User fees and charges -$ 42,637$ -$ -$
Charge to other agencies for contract services - 1,192 - - Total operating revenues - 43,829 - -
Operating expenses:
- 10,901 - -
- 14,747 33 -
112 3,308 74 524
Employee services
Services and supplies
Depreciation/amortization
Claims and judgments - 176 - -
Total operating expenses 112 29,132 107 524
Operating income (loss) (112) 14,697 (107) (524)
Nonoperating revenues (expenses):

Interest and investment revenue 73 (208) - 305
Revenue from other agencies - 5 - -
Interest expense - (8) - -
Gain on disposition of capital assets - 22 - -
Total nonoperating revenues (expenses) 73 (189) - 305
Income (loss) before capital contributions and transfers (39) 14,508 (107) (219) Capital contributions 4,244 2,296 308 -
Transfers in - 85 - 26,800
Transfers out - (7,757) - (580)
Changes in net position 4,205 9,132 201 26,001
Total net position (deficit), beginning of year, as restated 10,481 148,718 6,513 3,078 Total net position (deficit), end of year 14,686$ 157,850$ 6,714$ 29,079$

Page 210 of 309 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2021
(in thousands)
Operating revenues:

Charges for services:

User fees and charges
Charge to other agencies for contract services
Total operating revenues
Operating expenses:

Employee services
Services and supplies
Depreciation/amortization
Claims and judgments
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):

Interest and investment revenue
Revenue from other agencies
Interest expense
Gain on disposition of capital assets
Total nonoperating revenues (expenses)
Income (loss) before capital contributions and transfers Capital contributions
Transfers in
Transfers out
Changes in net position
Total net position (deficit), beginning of year, as restated Total net position (deficit), end of year
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 42,637$
- - - 1,192
- - - 43,829
40 - - 10,941
62 382 - 15,224
358 - - 4,376
- - - 176
460 382 - 30,717
(460) (382) - 13,112
148 - - 318
- - - 5
(1,002) (709) (1,719)
- - - 22
(854) (709) - (1,374)
(1,314) (1,091) - 11,738
- - - 6,848
1,298 1,505 (29,625) 63
- (26,000) 29,625 (4,712)
(16) (25,586) - 13,937
(919) 401 - 168,272
(935)$ (25,185)$ -$ 182,209$

Page 211 of 309 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund
Cash flows from operating activities:
-$ 44,592$ -$ -$
- (14,674) (33) -
- (11,438) - -
Receipts from customers and users
Payments to suppliers
Payments to employees
Claims and judgments paid
- (143) - -
Net cash provided by (used for) operating activities - 18,337 (33) - Cash flows from noncapital financing activities:

Interfund cashflow loans - (293) 293 -
Transfers in from other funds - 63 - -
Transfers out to other funds - (4,667) - -
Intergovernmental revenue received - 5 - -
Net cash provided by (used for) noncapital financing activities - (4,892) 293 - Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (17,463) (9,753) 6,026 (233) Proceeds from sale of capital assets - 22 - -
Proceeds from issuance of debt - - - -
Principal payments on capital debt - (716) - (690)
Interest payments on capital debt - (16) - (132)
Transfers in from other funds - 22 - 822
Transfers out to other funds - (3,090) - (580)
Capital contributions received 2,986 - 389 -
Loan repayments received - 142 - -
Transfer of fee credits 14,558 - (14,558) -
Net cash provided by (used for) capital and
related financing activities 81 (13,389) (8,143) (813)
Cash flows from investing activities:

Collection of interest and investment revenue 73 (54) - 5 Net increase (decrease) in cash and cash equivalents 154 2 (7,883) (808) Cash and cash equivalents, beginning of year 6,199 52,330 7,883 1,473 Cash and cash equivalents, end of year 6,353$ 52,332$ -$ 665$ Reconciliation of cash and cash equivalents
to the Statement of Net Position:

Cash and investments held by City -$ 50,344$ -$ -$
Cash and investments held by fiscal agent - - - 1
Restricted cash and investments held by City 6,353 1,988 - 252 Restricted cash and investments held by fiscal agent - - - 412 Total cash and cash equivalents, end of year 6,353$ 52,332$ -$ 665$

Page 212 of 309 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
Cash flows from operating activities:

Interfund cashflow loans
Transfers in from other funds
Transfers out to other funds
Intergovernmental revenue received
Net cash provided by (used for) noncapital financing activities Cash flows from capital and related financing activities:

Acquisition and construction of capital assets
Proceeds from sale of capital assets
Proceeds from issuance of debt
Principal payments on capital debt
Interest payments on capital debt
Transfers in from other funds
Transfers out to other funds
Capital contributions received
Loan repayments received
Transfer of fee credits
Net cash provided by (used for) capital and
related financing activities
Cash flows from investing activities:

Cash and investments held by City
Cash and investments held by fiscal agent
Restricted cash and investments held by City
Restricted cash and investments held by fiscal agent
Total cash and cash equivalents, end of year
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 44,592$
(62) (382) - (15,151)
(40) - - (11,478)
- - - (143)
(102) (382) - 17,820
- - - -
- - - 63
- - - (4,667)
- - - 5
- - - (4,599)
(5,294) - - (26,717)
- - - 22
- 3 3
- (1,110) - (2,516)
(1,299) (395) - (1,842)
1,298 1,505 (3,647) -
- (22) 3,647 (45)
- - - 3,375
- - - 142
- - - -
(5,295) (19) - (27,578)
148 - - 172
(5,249) (401) - (14,185)
17,736 401 - 86,022
12,487$ -$ -$ 71,837$
-$ -$ -$ 50,344$
- - - 1
12,487 - - 21,080
- - - 412
12,487$ -$ -$ 71,837$
(continued)

Page 213 of 309 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund
Reconciliation of operating income (loss) to net
cash provided by (used for) operating activities:

Operating income (loss) (112)$ 14,697$ (107)$ (524)$
Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation/amortization expense 112 3,250 74 505
Amortization of intangible assets - 58 - 19
Changes in assets, liabilities, and deferred outflows and inflows of resources:
- 763 - -
- 4 - -
- 69 - -
- (39) - -
- 179 - -
- 33 - -
- (295) - -
Accounts receivable, net
Inventories
Accounts payable
Accrued payroll
Accrued compensated absences
Accrued claims and judgments
Net pension liability and related deferred outflows/inflows of resources Net OPEB liability and related deferred outflows/inflows of resources - (382) - -
Net cash provided by (used for) operating activities -$ 18,337$ (33)$ -$ Noncash investing, capital and financing activities:

Contributions of capital assets -$ 1,996$ -$ -$
Transfer of capital assets from governmental funds, net of depreciation - 300 - - Amortization of bond premium and discount - - - 43
Amortization of bond loss on refunding - - - -
Capital asset acquisitions on accounts payable 239 2,258 - 190 Refunding bond proceeds deposited into escrow account - - - - Defeasance of capital debt with bond proceeds in escrow - - - (25,978) Transfers in from other funds with escrow funds - - - 25,978 Transfers out to other funds with escrow funds - - - -
(continued)

Page 214 of 309 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
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
Amortization of intangible assets
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net
Inventories
Accounts payable
Accrued payroll
Accrued compensated absences
Accrued claims and judgments
Net pension liability and related deferred outflows/inflows of resources Net OPEB liability and related deferred outflows/inflows of resources Net cash provided by (used for) operating activities
Noncash investing, capital and financing activities:

Contributions of capital assets
Transfer of capital assets from governmental funds, net of depreciation Amortization of bond premium and discount
Amortization of bond loss on refunding
Capital asset acquisitions on accounts payable
Refunding bond proceeds deposited into escrow account
Defeasance of capital debt with bond proceeds in escrow Transfers in from other funds with escrow funds
Transfers out to other funds with escrow funds
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
(460)$ (382)$ -$ 13,112$
175 - - 4,116
183 - - 260
- - - 763
- - - 4
- - - 69
- - - (39)
- - - 179
- - - 33
- - - (295)
- - - (382)
(102)$ (382)$ -$ 17,820$
-$ -$ -$ 1,996$
- - - 300
297 - - 340
- (116) - (116)
1,199 - - 3,886
- 27,967 - 27,967
- (
1,989) - (27,967)
- - (25,978) -
- (25,978) 25,978 -

Page 215 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 216 of 309 ends

COMMUNITY CENTER FUND

Page 217 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 218 of 309 ends

City of Sacramento
Community Center Fund
Combining Schedule of Net Position
June 30, 2021
(in thousands)
2018 TOT 2019 STID
Revenue Bonds, 2018 TOT Assessment Total
Community Tax-Exempt Revenue Bonds, Revenue Community
Center Fund Fund Taxable Fund Bonds Fund Center Fund
ASSETS
Current assets:

Cash and investments held by City 28,835 $ -$ -$ -$ 28,835$ Receivables, net:

Taxes 2,677 - - - 2,677
Accounts 1 - - - 1
Interest 202 - - - 202
Total current assets 31,715 - - - 31,715
Noncurrent assets:

Restricted assets:

Cash and investments held by City - 28,831 15,507 900 45,238 Cash and investments held by fiscal agent 1,938 1,191 390 1,829 5,348 Capital assets:

Land 20,071 - - - 20,071
Buildings and improvements 113,040 - - - 113,040
Machinery and equipment 4,913 - - - 4,913
Construction in progress 6,559 275,913 7,119 48,754 338,345 Software 46 - - - 46
Less: accumulated depreciation/amortization (71,234) - - - (71,234) Total noncurrent assets 75,333 305,935 23,016 51,483 455,767 Total assets 107,048 305,935 23,016 51,483 487,482

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to pensions 1,159 - - - 1,159 Deferred outflows related to OPEB 295 - - - 295
Total deferred outflows of resources 1,454 - - - 1,454

Page 219 of 309 ends

LIABILITIES
Current liabilities:

Accounts payable 1,690 6,317 2,593 - 10,600
Due to other funds 250 - - - 250
Accrued payroll 110 - - - 110
Accrued compensated absences 41 - - - 41
Interest payable - 1,090 52 155 1,297
Unearned revenue 551 - - - 551
Accrued claims and judgments 5 - - - 5
Revenue and other bonds payable, net - 2,300 4,070 1,039 7,409 Total current liabilities 2,647 9,707 6,715 1,194 20,263 Noncurrent liabilities:

Accrued compensated absences 378 - - - 378
Advances from other funds 4,994 - - - 4,994
Net OPEB liability 820 - - - 820
Revenue and other bonds payable, net - 288,875 12,610 53,182 354,667 Net pension liability 8,198 - - - 8,198
Total noncurrent liabilities 14,390 288,875 12,610 53,182 369,057 Total liabilities 17,037 298,582 19,325 54,376 389,320

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions 519 - - - 519
Deferred inflows related to OPEB 744 - - - 744
Total deferred inflows of resources 1,263 - - - 1,263

NET POSITION
Net investment in capital assets 75,333 11,918 6,507 - 93,758 Unrestricted 14,869 (4,565) (2,816) (2,893) 4,595
Total net position (deficit) 90,202$ 7,353$ 3,691$ (2,893)$ 98,353$

Page 220 of 309 ends

City of Sacramento
Community Center Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2021
(in thousands)
2018 TOT
Revenue Bonds, 2018 TOT
Community Tax-Exempt Revenue Bonds,
Center Fund Fund Taxable Fund
Operating revenues:

Charges for services:

Rents and concessions 196$ -$ -$
Operating expenses:

Employee services 3,866 - -
Services and supplies 5,200 - -
Depreciation/amortization 1,488 - -
Total operating expenses 10,554 - -
Operating loss (10,358) - -
Nonoperating revenues (expenses):

Interest and investment revenue (1,859) 656 190
Transient occupancy taxes 15,545 - -
Interest expense (196) (12,030) (744)
Total nonoperating revenues (expenses) 13,490 (11,374) (554) Income (loss) before transfers 3,132 (11,374) (554)
Transfers in 168 13,095 4,295
Transfers out (18,153) - -
Changes in net position (14,853) 1,721 3,741
Total net position (deficit), beginning of year 105,055 5,632 (50) Total net position (deficit), end of year 90,202$ 7,353$ 3,691$

Page 221 of 309 ends

City of Sacramento
Community Center Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2021
(in thousands)
Operating revenues:

Charges for services:

Rents and concessions
Operating expenses:

Employee services
Services and supplies
Depreciation/amortization
Total operating expenses
Operating loss
Nonoperating revenues (expenses):

Interest and investment revenue
Transient occupancy taxes
Interest expense
Total nonoperating revenues (expenses)
Income (loss) before transfers
Transfers in
Transfers out
Changes in net position
Total net position (deficit), beginning of year
Total net position (deficit), end of year
2019 STID
Assessment Total
Revenue Community
Bonds Fund Eliminations Center Fund
-$ -$ 196$
- - 3,866
- - 5,200
- - 1,488
- - 10,554
- - (10,358)
45 - (968)
- - 15,545
(1,733) - (14,703)
(1,688) - (126)
(1,688) - (10,484)
2,740 (17,390) 2,908
- 17,390 (763)
1,052 - (8,339)
(3,945) - 106,692
(2,893)$ -$ 98,353$

Page 222 of 309 ends

City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
2018 TOT
Revenue Bonds, 2018 TOT
Community Tax-Exempt Revenue Bonds,
Center Fund Fund T axable Fund
Cash flows from operating activities:

Receipts from customers and users 139 $ - $ - $ Payments to suppliers (3,817) - - Payments to employees (4,174) - - Claims and judgments paid (2) - - Net cash used for operating activities (7,854) - - Cash flows from noncapital financing activities:

Transient occupancy taxes 14,085 - - Transfers in from other funds 2 - - Transfers out to other funds (763) - - Interfund loan repayments (250) - - Net cash provided by noncapital financing activities 13,074 - - Cash flows from capital and related financing activities:

Acquisition and construction of capital assets 7,082 (121,011) (4,746) Principal payments on capital debt (7,691) (1,150) (3,930) Interest payments on capital debt (208) (13,135) (755) Transfers in from other funds 166 13,095 4,295 Transfers out to other funds (17,390) - - Net cash used for capital and related financing activities (18,041) (122,201) (5,136) Cash flows from investing activities:

Collection of interest and investment revenue (1,086) 656 190 Net decrease in cash and cash equivalents (13,907) (121,545) (4,946) Cash and cash equivalents, beginning of year 44,680 151,567 20,843 Cash and cash equivalents, end of year 30,773$ 30,022$ 15,897$ Reconciliation of cash and cash equivalents
to the Statement of Net Position:

Cash and investments held by City 28,835$ -$ -$ Restricted cash and investments held by City - 28,831 15,507 Restricted cash and investments held by fiscal agent 1,938 1,191 390 Total cash and cash equivalents, end of year 30,773$ 30,022$ 15,897$

Page 223 of 309 ends

City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
Cash flows from operating activities:

Receipts from customers and users
Payments to suppliers
Payments to employees
Claims and judgments paid
Net cash used for operating activities
Cash flows from noncapital financing activities:

Transient occupancy taxes
Transfers in from other funds
Transfers out to other funds
Interfund loan repayments
Net cash provided by noncapital financing activities
Cash flows from capital and related financing activities:

Acquisition and construction of capital assets
Principal payments on capital debt
Interest payments on capital debt
Transfers in from other funds
Transfers out to other funds
Net cash used for capital and related financing activities Cash flows from investing activities:

Collection of interest and investment revenue
Net decrease in cash and cash equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
Reconciliation of cash and cash equivalents
to the Statement of Net Position:

Cash and investments held by City
Restricted cash and investments held by City
Restricted cash and investments held by fiscal agent
Total cash and cash equivalents, end of year
2019 STID
Assessment Total
Revenue Community
Bonds Fund Eliminations Center Fund
-$ - $ 139$ - - (3,817) - - (4,174) - - (2) - - (7,854) - - 14,085 - - 2 - - (763) - - (250) - - 13,074
(31,104) - (149,779) (845) - (13,616) (1,895) - (15,993) 2,740 (17,390) 2,906 - 17,390 - (31,104) - (176,482) 45 - (195) (31,059) - (171,457) 33,788 - 250,878 2,729$ -$ 79,421$ -$ -$ 28,835$ 900 - 45,238 1,829 - 5,348 2,729$ -$ 79,421$ (continued)

Page 224 of 309 ends

Reconciliation of operating loss to net
cash used for operating activities:

Operating loss (10,358)$ - $ - $ Adjustments to reconcile operating loss to
net cash used for operating activities:

Depreciation/amortization expense 1,488 - - Changes in assets, liabilities, and deferred outflows
and inflows of resources:

Accounts receivable, net 51 - - Accounts payable 1,383 - - Accrued payroll (46) - - Accrued compensated absences 37 - - Accrued claims and judgments (2) - - Unearned revenue (108) - - Net pension liability and related deferred outflows/inflows of resources 62 - - Net OPEB liability and related deferred outflows/inflows of resources (361) - - Net cash used for operating activities (7,854)$ -$ -$ Noncash investing, capital and financing activities:

Amortization of bond premium and discount (4)$ 1,100$ -$ Capital asset acquisitions on accounts payable (25) (6,317) 2,593 (continued)

Page 225 of 309 ends

City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
Reconciliation of
operating loss to net
cash used for operating activities:

Operating loss
Adjustments to reconcile operating loss to
net cash used for operating activities:

Depreciation/amortization expense
Changes in assets, liabilities, and deferred outflows
and inflows of resources:

Accounts receivable, net
Accounts payable
Accrued payroll
Accrued compensated absences
Accrued claims and judgments
Unearned revenue
Net pension liability and related deferred outflows/inflows of resources Net OPEB liability and related deferred outflows/inflows of resources Net cash used for operating activities
Noncash investing, capital and financing activities:

Amortization of bond premium and discount
Capital asset acquisitions on accounts payable
2019 STID
Assessment Total
Revenue Community
Bonds Fund Eliminations Center Fund
-$ -$ (10,358)$
- - 1,488
- - 51
- - 1,383
- - (46)
- - 37
- - (2)
- - (108)
- - 62
- - (361)
-$ -$ (7,854)$
159$ -$ 1,255$
- - (3,749)

Page 226 of 309 ends

THIS PAG

E INTENTIONALLY LEFT BLANK

Page 227 of 309 ends

INTERNAL SERVICE FUNDS
Internal service funds are established to account for goods or services provided by one department within the City to other departments on a cost reimbursement basis. The following are internal service funds:

FLEET MANAGEMENT FUND is used to account for the operation, maintenance and replacement of the City's fleet of vehicles that serve the transportation and operating needs of all City departments and divisions.

RISK MANAGEMENT FUND is used to account for the City's self-funded general and automobile insurance program and workers’ compensation insurance program.

Page 228 of 309 ends

THIS PAG

E INTENTIONALLY LEFT BLANK

Page 229 of 309 ends

City of Sacramento
Internal Service Funds
Combining Statement of Net Position
June 30, 2021
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
ASSETS
Current assets:

Cash and investments held by City 22,636$ 110,387$ 133,023$ Cash and investments held by fiscal agent - 432 432
Receivables, net:

Accounts 89 85 174
Interest - 256 256
Due from other funds - 3,705 3,705
Prepaid items 3,347 399 3,746
Total current assets 26,072 115,264 141,336
Noncurrent assets:

Advances to other funds - 13,349 13,349
Capital assets:

Buildings and improvements 7,454 - 7,454
Machinery and equipment 543 - 543
Vehicles 193,039 - 193,039
Construction in progress 81 - 81
Software 256 - 256
Less: accumulated depreciation/amortization (112,005) - (112,005) Total noncurrent assets 89,368 13,349 102,717
Total assets 115,440 128,613 244,053

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows related to pensions 1,070 739 1,809
Deferred outflows related to OPEB 278 98 376
Total deferred outflows of resources 1,348 837 2,185

Page 230 of 309 ends

City of Sacramento
Internal Service Funds
Combining Statement of Net Position
June 30, 2021
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds

LIABILITIES
Current liabilities:
2,787 600 3,387
238 110 348
36 32 68
2 - 2
- 5 5
- 258 258
43 24,286 24,329
Accounts payable
Accrued payroll
Accrued compensated absences
Interest payable
Deposits
Unearned revenue
Accrued claims and judgments
Revenue and other bonds payable, net 5 - 5
Total current liabilities 3,111 25,291 28,402
Noncurrent liabilities:
645 443 1,088
4,846 664 5,510
- 78,124 78,124
411 - 411
Accrued compensated absences
Net OPEB liability
Accrued claims and judgments
Revenue and other bonds payable, net
Net pension liability
10,076 5,933 16,009
Total noncurrent liabilities 15,978 85,164 101,142
Total liabilities 19,089 110,455 129,544

DEFERRED INFLOWS OF RESOURCES
Deferred inflows related to pensions 4 1 5
Deferred inflows related to OPEB 1,663 337 2,000
Total deferred inflows of resources 1,667 338 2,005

NET POSITION
Net investment in capital assets 88,952 - 88,952
Unrestricted 7,080 18,657 25,737
Total net position 96,032$ 18,657$ 114,689$

Page 231 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 232 of 309 ends

City of Sacramento
Internal Service Funds
Combining Statement of Revenues, Expenses
and Changes in Net Position
For the Fiscal Year Ended June 30, 2021
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Operating revenues:

Charges for services:

User fees and charges 56,091$ 47,173$ 103,264$
Miscellaneous 591 - 591
Total operating revenues 56,682 47,173 103,855
Operating expenses:
7,850 4,700 12,550
22,575 7,347 29,922
13,637 - 13,637
- 9,177 9,177
Employee services
Services and supplies
Depreciation/amortization
Insurance premiums
Claims and judgments
94 25,781 25,875
Total operating expenses 44,156 47,005 91,161
Operating income 12,526 168 12,694
Nonoperating revenues (expenses):

Interest and investment revenue 222 576 798
Revenue from other agencies - 20 20
Insurance and other claim recoveries - 653 653
Interest expense (16) - (16)
Gain on disposition of capital assets 146 - 146
Total nonoperating revenues (expenses) 352 1,249 1,601
Income before transfers 12,878 1,417 14,295
Transfers in 22 - 22
Transfers out (2,012) (2) (2,014)
Changes in net position 10,888 1,415 12,303
Total net position, beginning of year 85,144 17,242 102,386 Total net position, end of year 96,032$ 18,657$ 114,689$

Page 233 of 309 ends

City of Sacramento
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2021
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Cash flows from operating activities:

Receipts from interfund services provided 56,651$ 120,133$ 176,784$ Payments to suppliers (23,260) (90,285) (113,545)
Payments to employees (7,865) (4,541) (12,406)
Claims and judgments paid (75) (15,282) (15,357)
Net cash provided by operating activities 25,451 10,025 35,476 Cash flows from noncapital financing activities:

Transfers out to other funds (1,966) (2) (1,968)
Collections on interfund loans - 3,569 3,569
Loans made to other funds - (3,455) (3,455)
Intergovernmental revenue received - 20 20
Claim and judgement recoveries - 9,581 9,581
Net cash provided by (used for) noncapital financing activities (1,966) 9,713 7,747 Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (22,673) - (22,673) Proceeds from sale of capital assets 602 - 602
Interest payments on capital debt (22) - (22)
Transfers in from other funds 22 - 22
Transfers out to other funds (46) - (46)
Net cash used for capital and related financing activities (22,117) - (22,117) Cash flows from investing activities:

Collection of interest and investment revenue 222 647 869 Net increase in cash and cash equivalents 1,590 20,385 21,975 Cash and cash equivalents, beginning of year 21,046 90,434 111,480 Cash and cash equivalents, end of year 22,636$ 110,819$ 133,455$ Reconciliation of cash and cash equivalents
to the Statement of Net Position:

Cash and investments held by City 22,636$ 110,387$ 133,023$ Cash and investments held by fiscal agent - 432 432
Tot
al cash and cash equivalents, end of year 22,636$ 110,819$ 133,455$

Page 234 of 309 ends

Operating income 12,526$ 168$ 12,694$ Adjustments to reconcile operating income to net
cash provided by operating activities:

Depreciation/amortization expense 13,637 - 13,637 Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net (31) - (31) Prepaid items 8 (399) (391) Accounts payable (693) (333) (1,026) Accrued payroll (51) (27) (78) Accrued compensated absences 69 97 166 Accrued claims and judgments 19 10,499 10,518 Deposits - 2 2 Unearned revenue - (71) (71) Net pension liability and related deferred outflows/inflows of resources 316 211 527 Net OPEB liability and related deferred outflows/inflows of resources (349) (122) (471) Net cash provided by operating activities 25,451$ 10,025$ 35,476$ Noncash investing, capital and financing activities:

Amortization of bond premium, discount 5$ -$ 5$ Increase in prepaid items for capital assets 812 - 812 Capital asset acquisitions on accounts payable 206 - 206

Page 235 of 309 ends

THIS PA

GE INTENTIONALLY LEFT BLANK

Page 236 of 309 ends

CUSTODIAL FUNDS
Custodial funds account for assets held by the City as a custodian for individuals, private organizations, and other governments.

INVESTMENT POOL FUND is used to account for assets and liabilities held for external participants in the City Sponsored Investment Pool.

INDIVIDUAL INVESTMENT ACCOUNTS FUND is used to account for assets and liabilities, held for entities external to the City, which are not invested in the City Sponsored Investment Pool.

ASSESSMENT DISTRICTS & COMMUNITY FACILITIES DISTRICTS
FUND is used to account for special tax assessments, debt service payments, and the payment of other costs related to bonds issued under the Improvement Bond Act of 1915 and Mello-Roos districts within the City.

Page 237 of 309 ends

City of Sacramento
Custodial Funds
Combining Statement of Net Position
June 30, 2021
(in thousands)
Assessment
Individual Districts & Total
Investment Investment Communit y Custodial
Pool Accounts Facilities Districts Funds
ASSETS
Cash and investments held by City 122,161$ 169,561$ 14,053$ 305,775$ Cash and investments held by fiscal agent - - 1,706 1,706 Receivables, net:

Interest 249 226 - 475
Special assessments - - 177 177
Restricted assets:

Cash and investments held by City - - 3,771 3,771
Cash and investments held by fiscal agent - - 21,853 21,853 Total assets 122,410 169,787 41,560 333,757

LIABILITIES
Accounts payable - - 7 7
Due to bondholders - - 41,553 41,553
Total liabilities - - 41,560 41,560

NET POSITION
Held for external pool participants 122,410$ 169,787 $ - $ 292,197$

Page 238 of 309 ends

City of Sacramento
Custodial Funds
Combining Statement of Changes in Net Position
For the Fiscal Year Ended June 30, 2021
(in thousands)
Assessment
Individual Districts & Total
Investment Investment Communit y Custodial
Pool Accounts Facilities Districts Funds
Additions:

Deposits 112,428 $ 53,353 $ - $ 165,781$ Special assessments - - 17,802 17,802
Fines, forfeits, and penalties - - 6 6
Capital contributions - - 12,186 12,186
Miscellaneous - - 9 9
From investment activities:

Net depreciation in fair value of investments (840) (876) - (1,716) Interest 1,357 1,251 173 2,781
Total investment earnings 517 375 173 1,065
Less investment expenses:

Banking, interest, and fiscal agent expenses 274 - - 274 Net income from investment activities 243 375 173 791 Total additions 112,671 53,728 30,176 196,575 Deductions:

Withdrawals 65,225 549 - 65,774
Paid to bondholders - - 27,980 27,980
Administrative expenses - - 2,177 2,177
Developer reimbursements - - 19 19
Total deductions 65,225 549 30,176 95,950
Changes in net position 47,446 53,179 - 100,625
Net position, beginning of year 74,964 116,608 - 191,572 Net position, end of year 122,410$ 169,787$ -$ 292,197$

Page 239 of 309 ends

Statistical
Section

Page 240 of 309 ends

Statistical Section
This part of the City’s Annual Comprehensive Financial Report pr esents detailed information as a context for understanding what t he information in the financial statements, note disclosures, and required supplementary information says about the City’s overall financial health.

Financial Trends Information
These schedules contain trend in formation to help the reader understand how the City’s financial performance and condition have changed over time.

Revenue Capacity Information
These schedules contain trend info rmation to help the reader understand the City’s most significant local revenue source, property taxes.

Debt Capacity Information
These schedules present in formation to help the reader assess the affordability of the City’s current level of outstanding debt and the City’s ability to issue additional debt in the future.

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

Successor Agency Information
These schedules present rev enue and debt capacity informati on related to the Successor Agency for the former Redevelopment Agency of the City of Sacram ento. These schedules contain trend information to help the reader understand the Successor Agency’s primary revenue source, property tax distributions from the county redevelopment property tax trust fund, and affordability of the Successor Agency’s current level of outstanding debt.

Operating Information
These schedules contain servic e and infrastructure data to help the reader understand how the information in the City’s financial report relates to the serv ices the City provides and the activities it performs.

Page 241 of 309 ends

City of Sacramento
Net Position by Component (1) (2) (3) (4) (5)
Last Ten Fiscal Years
(accrual basis accounting, in thousands)
2012 2013 2014 2015 2016
Governmental activities
Net investment in capital assets 1,367,540 $ 1,369,377 $ 1,393,447 $ 1,445,139 $ 1,497,796 $ Restricted for:

Capital projects 149,904 131,822 116,271 116,910 80,054 Debt service 1,101 641 652 665 1,203
Public works programs 18,103 16,756 16,462 19,027 20,521 Economic development programs - 23,979 22,493 17,280 16,888 Ambulance services - - - 1,085 1,085
Other programs 23,274 21,087 22,315 26,735 28,381 Trust and endowments:

Expendable 6,870 7,225 7,928 7,789 8,008
Nonexpendable 878 878 878 878 878
Unrestricted 6,128 1,837 30,170 (591,896) (581,697) Total governmental activities net position 1,573,798$ 1,573,602$ 1,610,616$ 1,043,612$ 1,073,117$ Business-type activities
Net investment in capital assets 705,527$ 720,039$ 733,980$ 748,312$ 785,353$ Restricted for:

Capital projects 33,209 33,168 33,255 33,914 40,772 Reserve - - - - -
Other programs 530 349 1,215 1,730 2,203
Unrestricted 123,265 140,385 177,814 107,305 123,842 Total business-type activities net position 862,531$ 893,941$ 946,264$ 891,261$ 952,170$ Primary government
Net investment in capital assets 2,073,067$ 2,089,416$ 2,127,427$ 2,193,451$ 2,283,149$ Restricted for:

Capital projects 183,113 164,990 149,526 150,824 120,826 Debt service 1,101 641 652 665 1,203
Public works programs 18,103 16,756 16,462 19,027 20,521 Economic development programs - 23,979 22,493 17,280 16,888 Ambulance services - - - 1,085 1,085
Other programs 23,804 21,436 23,530 28,465 30,584 Trust and endowments:

Expendable 6,870 7,225 7,928 7,789 8,008
Nonexpendable 878 878 878 878 878
Unrestricted 129,393 142,222 207,984 (484,591) (457,855) Total primary government net position 2,436,329$ 2,467,543$ 2,556,880$ 1,934,873$ 2,025,287$ Notes: (1) The fiscal year 2013 net position restricted for economic development includes the remaining Sheraton proceeds restricted by the Master Owner Participation Agreement with Taylor/CIM Redevelopment Company, LLC. (2) Net position for governmental activities for all fiscal years prior to 2014 have been restated to remove the Cal EPA building and land. (3) Fiscal year 2013 amounts have been restated for the effects of the prior period adjustments for debt issuance costs and the reclassification of the Marina fund.
(4) Fiscal year 2015 beginning net position was restated due to the implementation of GASB 68 and GASB 71. (5) Fiscal year 2017 beginning net position was restated due to the implementation of GASB 75.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 242 of 309 ends

City of Sacramento
Net Position by Component (1) (2) (3) (4) (5)
Last Ten Fiscal Years
(accrual basis accounting, in thousands)
2017 2018 2019 2020 2021
Governmental activities
Net investment in capital assets 1,296,493 $ 1,335,576 $ 1,267,837 $ 1,318,817 $ 1,360,966 $ Restricted for:

Capital projects 119,131 136,831 166,705 191,919 214,188 Debt service 872 606 686 537 401 Public works programs 18,866 24,750 27,792 29,972 29,598 Economic development programs 16,251 44,920 48,878 46,954 49,537 Ambulance services - - - - Other programs 23,645 26,786 39,380 60,466 61,142 Trust and endowments:

Expendable 8,545 8,656 9,197 8,547 9,934 Nonexpendable 878 878 878 878 878 Unrestricted (443,845) (667,254) (606,222) (612,827) (596,900) Total governmental activities net position 1,040,836$ 911,749$ 955,131$ 1,045,263$ 1,129,744$ Business-type activities
Net investment in capital assets 807,004$ 869,183$ 925,128$ 1,166,785$ 1,167,408$ Restricted for:

Capital projects 39,155 38,473 40,411 47,256 43,253 Reserve 401
Other programs 2,607 2,633 2,963 2,929 2,200 Unrestricted 150,049 124,001 138,742 (44,579) 1,279 Total business-type activities net position 998,815$ 1,034,290$ 1,107,244$ 1,172,792$ 1,214,140$ Primary government
Net investment in capital assets 2,103,497$ 2,204,759$ 2,192,965$ 2,485,602$ 2,528,374$
Restricted for:

Capital projects 158,286 175,304 207,116 239,175 257,441 Debt service 872 606 686 938 401 Public works programs 18,866 24,750 27,792 29,972 29,598 Economic development programs 16,251 44,920 48,878 46,954 49,537 Ambulance services - - - - - Other programs 26,252 29,419 42,343 63,395 63,342 Trust and endowments:

Expendable 8,545 8,656 9,197 8,547 9,934 Nonexpendable 878 878 878 878 878 Unrestricted (293,796) (543,253) (467,480) (657,406) (595,621) Total primary government net position 2,039,651$ 1,946,039$ 2,062,375$ 2,218,055$ 2,343,884$ Notes: (1) The fiscal year 2013 net position restricted for economic development includes the remaining Sheraton proceeds restricted by the Master Owner Participation Agreement with Taylor/CIM Redevelopment Company, LLC. (2) Net position for governmental activities for all fiscal years prior to 2014 have been restated to remove the Cal EPA building and land. (3) Fiscal year 2013 amounts have been restated for the effects of the prior period adjustments for debt issuance costs and the reclassification of the Marina fund.
(4) Fiscal year 2015 beginning net position was restated due to the implementation of GASB 68 and GASB 71. (5) Fiscal year 2017 beginning net position was restated due to the implementation of GASB 75.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 243 of 309 ends

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2012 2013 2014 2015 2016
Expenses
Governmental activities
General government 40,846 $ 36,681 $ 41,190 $ 52,474 $ 59,037 $ Police 153,392 157,432 157,248 166,797 164,750 Fire 116,418 117,451 125,461 127,561 137,859 Public works (4) - 126,636 103,632 103,088 121,184 General services (3) 23,083 15,343 13,807 15,619 - Transportation (4) 98,384 - - - - Economic development (5) 9,704 10,468 17,080 11,075 13,049 Convention and cultural services 19,857 19,537 17,916 19,441 24,139 Youth, parks, and community enrichment 45,448 48,457 52,336 56,573 53,911 Community development 24,286 29,253 26,484 30,221 36,251 Library 13,301 13,753 13,720 15,629 16,294 Interest on long-term debt 23,583 22,420 22,178 29,046 30,404 Total governmental activities expenses 568,302 597,431 591,052 627,524 656,878 Business-type activities
Water 67,335 68,643 66,627 69,428 73,150 Wastewater 20,491 22,776 25,673 25,432 25,348 Storm drainage 37,692 36,755 36,664 41,830 40,971 Solid waste 53,205 49,794 49,014 47,149 47,703 Community center 18,125 17,251 17,204 17,690 17,277 Parking 15,732 15,358 15,238 13,704 14,451 Child development 5,885 6,116 6,297 6,151 5,519 Marina 2,008 - - - - Total business-type activities expenses 220,473 216,693 216,717 221,384 224,419 Total primary government expenses 788,775 $ 814,124 $ 807,769 $ 848,908 $ 881,297$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments. (2) Fiscal year 2013 amounts have been restated for the effects of the prior period adjustments for debt issuance costs and the reclassification of the Marina fund.
(3) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology , and Public Works in FY16. (4) The Department of Transportation was renamed as Department of Public Works in FY13. (5) The Economic Development function was reallocated to the General Government function in FY18.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 244 of 309 ends

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2017 2018 2019 2020 2021
Expenses
Governmental activities
General government 59,033 $ 100,625 $ 116,282 $ 152,791 $ 259,529 $ Police 176,955 199,746 203,303 233,686 233,883 Fire 146,693 160,216 169,819 179,626 191,814 Public works (4) 106,328 122,340 132,958 125,025 115,565 General services (3) - - - - -
Transportation (4) - - - - -
Economic development (5) 13,397 - - - -
Convention and cultural services 20,380 21,066 30,907 20,615 18,398 Youth, parks, and community enrichment 50,156 55,518 61,225 66,885 57,345 Community development 41,726 50,879 60,466 74,398 71,473 Library 16,122 17,376 18,687 19,822 22,173
Interest on long-term debt 27,626 23,144 23,454 24,341 20,635 Total governmental activities expenses 658,416 750,910 817,101 897,189 990,815 Business-type activities
Water 80,176 87,745 99,029 104,542 102,538 Wastewater 29,075 28,251 33,059 32,461 32,436
Storm drainage 40,479 41,199 40,186 44,786 40,942
Solid waste 51,693 56,698 57,408 59,176 64,060
Community center 16,607 17,795 27,058 31,298 25,257
Parking 11,955 13,475 14,354 13,997 11,454
Child development 5,743 6,589 6,766 5,594 3,422
Marina - - - - -
Total business-type activities expenses 235,728 251,752 277,860 291,854 280,109 Total primary government expenses 894,144$ 1,002,662$ 1,094,961$ 1,189,043$ 1,270,924$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments. (2) Fiscal year 2013 amounts have been restated for the effects of the prior period adjustments for debt issuance costs and the reclassification of the Marina fund.
(3) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology , and Public Works in FY16. (4) The Department of Transportation was renamed as Department of Public Works in FY13. (5) The Economic Development function was reallocated to the General Government function in FY18.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 245 of 309 ends

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2012 2013 2014 2015 2016
Program Revenues
Governmental activities
Charge for services
General government 5,608 $ 6,924 $ 7,270 $ 6,436 $ 7,103 $ Police 9,714 9,693 10,804 11,583 11,022 Fire 21,643 24,288 26,155 32,264 31,204 Public works (4) - 28,321 30,337 32,840 37,179 General services (3) 10,965 3,175 1,756 1,251 - Transportation (4) 28,309 - - - - Economic development (5) 8,800 8,685 8,205 7,659 7,889 Convention and cultural services 7,985 8,817 9,311 9,303 10,085 Youth, parks, and community enrichment 11,579 10,604 13,359 15,004 13,792 Community development 15,459 15,423 17,141 25,069 27,025 Library - 33 59 29 - Total charge for services 120,062 115,963 124,397 141,438 145,299 Operating grants and contributions 54,287 81,822 47,430 52,306 35,442 Capital grants and contributions 112,247 69,323 89,539 115,354 122,528 Total governmental activities
program revenues 286,596 267,108 261,366 309,098 303,269 Business-type activities
Charge for services
Water 79,809 88,754 94,382 100,523 98,533 Wastewater 21,513 25,134 28,493 32,223 31,532 Storm drainage 34,545 35,682 38,049 37,646 40,166 Solid waste 64,055 60,295 58,561 59,095 60,253 Community center 7,521 7,130 7,718 8,748 8,782 Parking 18,769 18,823 18,643 16,595 17,646 Child development 5,232 5,426 5,632 5,553 6,073 Marina 1,359 - - - - Total char
ge for services 232,803 241,244 251,478 260,383 262,985 Operating grants and contributions 3,744 1,095 1,963 2,142 3,435 Capital grants and contributions 5,289 7,480 4,403 7,292 7,433 Total business-type activities
program revenues 241,836 249,819 257,844 269,817 273,853 Total primary government
program revenues 528,432$ 516,927$ 519,210$ 578,915$ 577,122$ Net (Expense) Revenue
Governmental activities (281,706)$ (330,323)$ 261,366$ (318,426)$ (353,609)$ Business-type activities 21,363 33,126 208,830 48,433 49,434 Total primary government net expenses (260,343)$ (297,197)$ 470,196$ (269,993)$ (304,175)$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments. (2) Fiscal year 2013 amounts have been restated for the effects of the prior period adjustments for debt issuance costs and the reclassification of the Marina fund.
(3) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology , and Public Works in FY16. (4) The Department of Transportation was renamed as Department of Public Works in FY13. (5) The Economic Development function was reallocated to the General Government function in FY18.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 246 of 309 ends

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2017 2018 2019 2020 2021
Program Revenues
Governmental activities
Charge for services
General government 6,573 $ 19,438$ 22,908$ 26,527$ 28,247$ Police 13,068 12,586 14,550 13,490 10,468
Fire 30,897 42,898 42,866 44,851 46,867
Public works (4) 42,897 50,159 52,901 50,216 43,245
General services (3) - - - - -
Transportation (4) - - - - -
Economic development (5) 9,140 - - - -
Convention and cultural services 10,860 12,456 12,622 10,385 8,823 Youth, parks, and community enrichment 12,954 13,065 13,365 12,429 8,952 Community development 32,428 36,019 38,218 38,646 34,287 Library - - - - -
Total charge for services 158,817 186,621 197,430 196,544 180,889 Operating grants and contributions 36,938 41,811 55,535 75,897 185,641 Capital grants and contributions 86,856 101,476 98,903 160,395 141,760 Total governmental activities
program revenues 282,611 329,908 351,868 432,836 508,290 Business-type activities
Charge for services
Water 108,867 119,379 127,868 142,041 144,070 Wastewater 34,311 37,596 42,275 44,562 43,829
Storm drainage 40,124 39,512 39,969 40,871 40,848
Solid waste 61,548 63,556 63,664 67,086 73,465
Community center 9,488 9,848 8,726 2,458 196
Parking 18,374 19,003 19,735 17,140 10,403
Child development 5,713 6,419 6,547 5,328 552
Marina - - - - -
Total charge for s
ervices 278,425 295,313 308,784 319,486 313,363 Operating grants and contributions 3,967 2,179 3,300 1,693 501 Capital grants and contributions 6,229 23,726 20,457 32,726 18,445 Total business-type activities
program revenues 288,621 321,218 332,541 353,905 332,309 Total primary government
program revenues 571,232$ 651,126$ 684,409$ 786,741$ 840,599$ Net (Expense) Revenue
Governmental activities (375,805)$ (421,002)$ (465,233)$ (464,353)$ (482,525)$ Business-type activities 52,893 69,466 54,681 62,051 52,200 Total primary government net expenses (322,912)$ (351,536)$ (410,552)$ (402,302)$ (430,325)$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments. (2) Fiscal year 2013 amounts have been restated for the effects of the prior period adjustments for debt issuance costs and the reclassification of the Marina fund.
(3) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology , and Public Works in FY16. (4) The Department of Transportation was renamed as Department of Public Works in FY13. (5) The Economic Development function was reallocated to the General Government function in FY18.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 247 of 309 ends

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2012 2013 2014 2015 2016
General Revenues and Other
Changes in Net Position
Governmental activities
Taxes:

Property taxes 114,874 $ 114,451 $ 122,477 $ 129,714 $ 138,354 $ Utility user taxes 58,787 59,066 59,613 59,947 61,404 Other taxes 17,403 27,943 61,584 66,205 70,761 Sales taxes shared state revenue 50,683 52,300 56,575 58,476 67,983 In-lieu sales tax 14,081 16,113 16,823 16,632 14,387 Investment earnings 10,953 10,101 10,136 8,769 11,328 Miscellaneous 11,005 9,749 8,853 11,060 12,954 Contributions to permanent fund 1 1 1 1 - Gain (loss) on disposition of capital assets - - 4,567 5,340 - Special items - 26,208 (2,500) - (8,830) Transfers 22,722 19,002 28,571 32,148 14,773 Total governmental activities 300,509 334,934 366,700 388,292 383,114 Business-type activities
Taxes:

Other taxes 15,781 16,555 17,943 20,108 21,800 Investment earnings 2,957 1,299 3,294 1,567 4,428 Miscellaneous - - 3 5 20 Gain (loss) on disposition of capital assets 7 - - - - Special items - - 18,527 4,554 - Transfer
s (22,722) (19,002) (28,571) (32,148) (14,773) Total business-type activities (3,977) (1,148) 11,196 (5,914) 11,475 Total primary government 296,532$ 333,786$ 377,896$ 382,378$ 394,589$ Change in Net Position
Governmental activities 18,803$ 4,611$ 366,700$ 69,866$ 29,505$ Business-type activities 17,386 31,978 11,196 42,519 60,909 Total primary government 36,189$ 36,589$ 377,896$ 112,385$ 90,414$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments. (2) Fiscal year 2013 amounts have been restated for the effects of the prior period adjustments for debt issuance costs and the reclassification of the Marina fund.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 248 of 309 ends

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2017 2018 2019 2020 2021
General Revenues and Other
Changes in Net Position
Governmental activities
Taxes:

Property taxes 146,697 $ 156,710 $ 170,439 $ 184,142 $ 198,380 $ Utility user taxes 62,997 62,989 60,128 60,039 62,164 Other taxes 77,608 83,981 105,997 148,998 171,808 Sales taxes shared state revenue 81,296 82,987 93,770 90,970 99,325 In-lieu sales tax - - - - -
Investment earnings 9,178 5,593 20,923 19,646 4,618
Miscellaneous 14,221 17,328 14,834 15,743 12,064
Contributions to permanent fund - - - - -
Gain (loss) on disposition of capital assets (79,916) - - - - Special items - - 7,000 - -
Transfers 31,443 34,525 35,524 34,947 18,647
Total governmental activities 343,524 444,113 508,615 554,485 567,006 Business-type activities
Taxes:

Other taxes 23,866 26,839 29,477 21,504 15,545
Investment earnings 1,292 1,013 20,020 16,940 5
Miscellaneous 20 37 - - -
Gain (loss) on disposition of capital assets 17 424 1,747 - 27 Special items - - 2,553 - -
Transfers (31,443) (
34,525) (35,524) (34,947) (18,647) Total business-type activities (6,248) (6,212) 18,273 3,497 (3,070) Total primary government 337,276$ 437,901$ 526,888$ 557,982$ 563,936$ Change in Net Position
Governmental activities (32,281)$ 23,111$ 43,382$ 90,132$ 84,481$ Business-type activities 47,180 63,254 72,954 65,548 49,130 Total primary government 14,899$ 86,365$ 116,336$ 155,680$ 133,611$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments. (2) Fiscal year 2013 amounts have been restated for the effects of the prior period adjustments for debt issuance costs and the reclassification of the Marina fund.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 249 of 309 ends

City of Sacramento
Fund Balances, Governmental Funds (1)
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
2012 2013 2014 2015 2016
General Fund
Nonspendable:

Prepaid items 23$ 24$ 66$ 7$ 2$
Due from other funds - - - - -
Noncurrent assets 71 48 - 4 -
Restricted:

Capital projects - - 3,401 2,562 1,860 Ambulance service - - - 1,085 1,085
Other programs 64 40 21 7 17
Committed:

Economic uncertainty 20,263 27,765 33,714 38,967 46,950 Capital projects 21,542 21,789 21,728 32,987 37,526 Community center theater renovation - 8,500 8,500 8,500 8,500 B Street Theater project - - - 2,500 -
Fire programs - - - 4,420 5,720
Pension - - - - -
OPEB - 2,000 - 6,717 6,752
Set-aside for FY22 Budget - - - - -
SCXEA labor for FY2020 - - - - -
Homeless programs - - 1,000 750 250
Gas tax - - - - -
Other programs 9,349 9,347 12,909 8,860 13,953 Assigned:

Unrealized investment gains 402 - 173 50 732
Next year's budget 9,354 10,446 - - - Unassigned - - 17,395 16,028 26,649
Total general fund 61,068$ 79,959$ 98,907$ 123,444$ 149,996$ All Other Governmental Funds
Nonspendable:

Prepaid items 29$ 44$ 24$ 24$ - $
Noncurrent assets 605 530 451 369 283
Permanent fund principal 878 878 878 878 878
Restricted:

Capital projects 150,475 135,069 126,262 124,790 138,562 Debt service 18,230 17,472 17,548 20,218 51,691 Public works programs - 13,781 11,830 - 14,522 Ambulance service - - - 13,842 -
Economic development programs - 23,970 22,484 17,271 16,887 Other programs 50,026 31,115 29,924 27,029 27,793 Committed:

Economic uncertainty - - - - -
Capital projects 469 3,666 4,024 3,355 7,017 Grant retention - - 4,049 500 -
Debt service 2,278 2,278 6,583 5,660 8,733 Housing trust fund - - - - -
B Street Theater project - - - 16,391 21,360
Economic development programs - - 5,125 - -
Other programs 2,096 6,266 25,486 50,001 51,024 Assigned:

Debt service 2,068 1,805 973 717 2,547 Unrealized investment gains 42 100 47 15 40
Other programs 4,093 3,758 4,047 2,344 60 Unassigned (48,094) (29,711) (22,121) (26,554) (19,657) Total all other governmental funds 183,195$ 211,021$ 237,614$ 256,850$ 321,740$ Notes: (1) FY13 amounts have been restated for the effects of Marina fund reclassification to a governmental activity.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 250 of 309 ends

City of Sacramento
Fund Balances, Governmental Funds (1)
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
2017 2018 2019 2020 2021
General Fund
Nonspendable:

Prepaid items 12$ 45$ - $ 1,279$ 1,084$ Due from other funds 3,800 3,800 - - - Noncurrent assets - - - - -
Restricted:

Capital projects - - - - -
Ambulance service - - - - -
Other programs 17 - - - -
Committed:

Economic uncertainty 49,644 52,700 55,200 55,200 58,499 Capital projects 49,265 37,583 39,995 57,689 57,417 Community center theater renovation - - - - -
B Street Theater project - - - - -
Fire programs 1,386 6,189 9,568 5,635 7,438 Pension - 5,000 13,500 - -
OPEB 5,324 2,619 6,644 4,264 6,828 Set-aside for FY22 Budget - - - - 5,500
SCXEA labor for FY2020 - - 4,256 - -
Homeless programs - - - - -
Gas tax 2,087 2,087 2,087 - - Other programs 19,280 37,325 46,052 49,405 72,809 Assigned:

Unrealized investment gains - - 381 1,960 103 Next year's budget - - - - -
Unassigned 24,739 25,021 32,923 50,007 30,315 Total general fund 155,554$ 172,369$ 210,606$ 225,439$ 239,993$ All Other Governmental Funds
Nonspendable:

Prepaid items -$ - $ - $ 5,715$ 8,783$ Noncurrent assets 193 98 - - -
Permanent fund principal 878 878 878 878 578
Restricted:

Capital projects 149,664 159,439 183,772 208,205 230,323 Debt service 58,904 28,539 28,119 27,884 22,722 Public works programs 13,152 18,857 22,071 23,618 21,141 Ambulance service - - - - -
Economic development programs 41,548 44,920 48,878 46,954 49,537 Other programs 28,818 35,025 48,003 63,026 60,517 Committed:

Economic uncertainty - - - - 449
Capital projects 9,359 18,245 14,407 15,369 23,523 Grant retention - - - - -
Debt service 19,110 21,543 17,291 11,401 12,157 Housing trust fund - - - - 15,000
B Street Theater project - - - - -
Economic development programs - - - - -
Other programs 56,715 40,683 48,473 62,167 55,672 Assigned:

Debt service 2,406 2,008 2,700 2,968 2,270 Unrealized investment gains - - 51 675 51
Other programs - 360 18 170 63
Unassigned (18,037) (22,656) (18,503) (33,465) (32,460) Total all other governmental funds 362,710$ 347,939$ 396,158$ 435,565$ 470,326$ Notes: (1) FY13 amounts have been restated for the effects of Marina fund reclassification to a governmental activity.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 251 of 309 ends

City of Sacramento
Changes in Fund Balances, Governmental Funds (1)
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
Fiscal Year
2012 2013 2014 2015 2016
Revenues
Taxes 256,564 $ 265,605 $ 320,832 $ 334,649 $ 365,482 $ Intergovernmental 154,937 154,556 105,172 111,017 128,190 Charges for services 62,760 66,369 71,889 86,061 89,765 Fines, forfeits and penalties 11,891 9,892 11,221 11,403 12,720 Interest, rents, and concessions 15,494 13,909 14,417 12,681 15,221 Community service fees 3,058 7,136 4,693 7,869 16,460 Assessment levies 35,294 37,621 38,668 41,884 43,475 Contributions and donations 6,170 14,269 43,018 45,177 35,820 Miscellaneous 2,090 3,441 570 501 2,761
Total revenues 548,258 572,798 610,480 651,242 709,894 Expenditures
General government 24,610 22,712 26,170 28,491 34,197 Police 142,204 138,779 138,653 149,448 152,245 Fire 98,749 99,630 107,538 110,585 119,814 Public works (3) - 34,995 34,706 35,502 42,194
General services (2) 19,388 10,306 9,564 10,058 -
Transportation (3) 33,183 - - - -
Convention and cultural services 10,670 9,804 10,481 10,978 11,738 Economic development (4) 9,396 10,221 12,418 10,797 9,871 Youth, parks, and community enrichment (5) 30,393 32,257 35,632 38,894 37,801 Community development 21,819 23,568 23,902 26,819 34,110 Library 11,739 12,362 12,482 14,496 14,771
Utilities 97 979 607 522 701
Nondepartmental 32,269 - - - -
Citywide and community support - 33,105 36,965 37,216 47,961 Capital outlay 118,259 116,705 106,840 128,805 337,817 Debt service
City
Principal 21,595 19,470 26,218 23,699 16,481
Interest and fiscal charges 24,028 22,949 22,772 33,493 24,822 Bond issuance costs - - - - 5,483
Subtotal - debt service 45,623 42,419 48,990 57,192 84,838 Total Expenditures 598,399 587,842 604,948 659,803 928,058 Excess (deficiency) of revenues over
(under) expenditures (50,141) (15,044) 5,532 (8,561) (218,164) Other Financing Sources (uses)
Transfers in 55,435 55,166 63,584 69,117 306,810
Transfers out (27,590) (27,450) (34,527) (33,267) (270,358) Issuance of long-term debt 73 2,837 6,050 3,984 401,943 Premium on long-term debt - - - - 13,97 2
Proceeds from sale of property - - 4,902 12,500 -
Payments to refunded bond escrow - - - - (133,931)
Total other financing sources (uses) 27,918 30,553 40,009 52,334 318,436 Special items - 31,208 - - (8,830)
Changes in fund balances (22,223)$ 46,717$ 45,541$ 43,773$ 91,442$ Debt services as a percentage of
noncapital expenditures 9.41% 8.35% 9.49% 10.46% 12.71% Note: (1) FY13 amounts have been restated for the effects of Marina fund reclassification to a governmental activity. (2) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology, and Public Works in FY16.
(3) The Department of Transportation was renamed as Department of Public Works in FY13. (4) The Economic Development function was reallocated to the General Government function in FY18. (5) The Department of Parks and Recreation has been renamed to the Department of Youth, Parks, and Community Enrichment in FY19.

Source: City of Sacramento Annual Comprehensive Financial Reports

Page 252 of 309 ends

City of Sacramento
Changes in Fund Balances, Governmental Funds (1)
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
Fiscal Year
2017 2018 2019 2020 2021
Revenues
Taxes 382,155$ 406,011$ 434,759$ 489,569$ 533,811$ Intergovernmental 73,082 80,415 97,658 114,274 237,428 Charges for services 105,446 121,368 131,609 131,135 120,468 Fines, forfeits and penalties 11,429 12,643 16,397 13,309 7,630 Interest, rents, and concessions 14,220 10,794 24,907 20,718 10,101 Community service fees 29,740 30,654 30,651 29,072 27,217 Assessment levies 44,339 47,048 52,476 50,080 52,000 Contributions and donations 33,637 14,253 49,053 36,603 52,877 Miscellaneous 383 731 718 974 1,250
Total revenues 694,431 723,917 838,228 885,734 1,042,782 Expenditures
General government 41,413 72,772 85,272 117,640 222,591 Police 159,572 169,273 182,538 203,980 211,307 Fire 127,970 136,161 144,043 159,771 168,103 Public works (3) 45,457 49,841 51,289 47,350 51,040
General services (2) - - - - -
Transportation (3) - - - - -
Convention and cultural services 12,838 14,372 15,117 13,459 12,415 Economic development (4) 13,270 - - - -
Youth, parks, and community enrichment (5) 38,707 38,615 40,866 45,791 41,878 Community development 40,499 45,787 54,342 67,128 68,404 Library 14,903 16,421 17,732 18,867 21,218
Utilities 1,583 2,034 2,495 3,555 3,882
Nondepartmental - - - - -
Citywide and community support 48,435 46,576 42,827 50,691 51,632 Capital outlay 82,465 90,397 79,175 103,790 130,426 Debt service
City
Principal 28,677 48,445 56,284 21,308 26,228
Interest and fiscal charges 28,555 24,529 24,818 24,501 21,661 Bond issuance costs 49 1,415 116 1
Subtotal - debt service 57,281 74,389 81,218 45,810 47,889 Total Expenditures 684,393 756,638 796,914 877,832 1,030,785 Excess (deficiency) of revenues over
(under) expenditures 10,038 (32,721) 41,314 7,902 11,997 Other Financing Sources (uses)
Transfers in 66,386 70,558 69,931 74,660 106,614
Transfers out (31,871) (35,801) (33,114) (37,657) (80,551) Issuance of long-term debt 1,976 8 1,325 5,452 11,255 Premium on long-term debt - - - - -
Proceeds f
rom sale of property - - - - -
Payments to refunded bond escrow - - - - -
Total other financing sources (uses) 36,491 34,765 38,142 42,455 37,318 Special items - - 7,000 3,883 -
Changes in fund balances 46,529$ 2,044$ 86,456$ 54,240$ 49,315$ Debt services as a percentage of
noncapital expenditures 9.27% 10.61% 10.56% 5.70% 5.10% Note: (1) FY13 amounts have been restated for the effects of Marina fund reclassification to a governmental activity. (2) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology, and Public Works in FY16.
(3) The Department of Transportation was renamed as Department of Public Works in FY13. (4) The Economic Development function was reallocated to the General Government function in FY18. (5) The Department of Parks and Recreation has been renamed to the Department of Youth, Parks, and Community Enrichment in FY19.

Source: City of Sacramento Annual Comprehensive Financial Reports -

Page 253 of 309 ends

City of Sacramento
Tax Revenues by Source, Governmental Funds (1)
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
Fiscal Utilit y
Year Property (2) Sales & Use (3) Users Others Total
2012 130,287$ 50,683$ 58,787$ 16,807$ 256,564$ 2013 130,864 57,121 59,066 18,554 265,605 2014 140,690 99,615 59,613 20,914 320,832 2015 147,415 102,596 59,948 24,690 334,649 2016 164,719 110,212 61,404 29,147 365,482 2017 159,566 125,560 62,997 34,032 382,155 2018 170,701 131,371 62,989 40,950 406,011 2019 173,307 157,816 60,128 43,508 434,759 2020 187,768 194,868 60,039 46,894 489,569 2021 199,440 216,170 62,164 56,037 533,811 Notes: (1) In lieu sales tax is reported as property tax. (2) Includes residual property tax from redevelopment agency dissolution. (3) Includes Measure U local sales and use tax.

Sources: (A)Source: City of Sacramento Annual Comprehensive Financial Reports (B)
Finance Department, City of Sacramento

Page 254 of 309 ends

City of Sacramento
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years
(in thousands)
Gross Assessed Value (1)
Fiscal Net Assessed
Year End Real Personal Public Taxable
June 30 Property Property Utility (2)
Total Exemptions Value
2012 35,267,406$ 1,711,462 $ 12,132 $ 36,991,000 $ 488,888 $ 36,502,112$ 1.00 2013 34,332,037 1,626,943 13,157 35,972,137 477,326 35,494,811 1.00 2014 35,829,529 1,546,891 12,381 37,388,801 464,546 36,924,255 1.00 2015 37,918,666 1,585,876 18,173 39,522,715 455,212 39,067,503 1.00 2016 39,823,777 1,513,519 9,267 41,346,563 448,778 40,897,785 1.00 2017 42,300,010 1,623,203 9,193 43,932,406 446,690 43,485,716 1.00 2018 45,389,674 1,692,375 8,974 47,091,023 445,647 46,645,376 1.00 2019 48,919,753 1,868,599 8,701 50,797,053 444,652 50,352,401 1.00 2020 53,124,698 1,869,844 9,185 55,003,727 444,470 54,559,257 1.00 2021 56,812,389 1,993,337 9,069 58,814,795 444,432 58,370,363 1.00 Notes: (1) Article XIII A, added to California Constitution by Proposition 13 in 1978, fixed the base for valuation of property subject to taxes at the full cash value appeared on the Assessor's 1975-76 assessment roll. Therefore, full cash value can be increased to reflect:
a) annual inflation up to 2%;
b) current market value at time of ownership change;
c) market value for new construction.

Estimated actual value of taxable property cannot be easily determined as the property in the City is not reassessed annually. Reassessment normally occurs when ownership changes. (2) The decrease in public utility assessed value is primarily due to the transfer of the downtown railyards from a railroad company to a private developer and the City. (3) This 1% is shared by all taxing agencies for which the subject property resides within.

Source: County of Sacramento, Office of Auditor/Controller Total
Direct
Tax Rate
(3)

Page 255 of 309 ends

City of Sacramento
Direct and Overlapping Property Tax Rates (1)
Per $100 of Assessed Value
Last Ten Fiscal Years
Basic
Fiscal County,
Year End City, and County of Special
June 30 School Levy (2) Sacramento Schools Districts Total 2012 1.0000 __ 0.1174 __ 1.1174
2013 1.0000 __ 0.1192 __ 1.1192
2014 1.0000 __ 0.1406 __ 1.1406
2015 1.0000 __ 0.1325 __ 1.1325
2016 1.0000 __ 0.1426 __ 1.1426
2017 1.0000 __ 0.1418 __ 1.1418
2018 1.0000 __ 0.1365 __ 1.1365
2019 1.0000 __ 0.1295 __ 1.1295
2020 1.0000 __ 0.1371 __ 1.1371
2021 1.0000 __ 0.1394 __ 1.1394
Notes : (1) Data is stated at full value as required under Article XIII-A of the Constitution of the State of California.
(2) This 1.00% is shared by all taxing agencies for which the subject property resides within.

Source: County of Sacramento, Office of Auditor/Controller

Page 256 of 309 ends

City of Sacramento
Principal Property Taxpayers
Current Fiscal Year and Nine Years Ago
(in thousands)
Percentage Percentage
of Total of Total
Assessed Assessed Assessed Assessed
Taxpayer Valuation Rank Valuation Valuation Rank Valuation Sacramento Kings 399,488$ 1 0.68 % - - Hancock SREIT Sacramento LLC 198,750 2 0.34 - - Pac West Office Equities LP 187,970 3 0.32 - - M/H Realty Partners VI LP 174,289 4 0.30 - - SRI Eleven 621 Capitol Mall LLC 167,504 5 0.29 - - Arden Fair Associates 153,245 6 0.26 131,865$ 4 0.36 % 500 Capitol Mall LLC 147,446 7 0.25 - - HP Hood LLC 138,358 8 0.24 - - 300 Capitol Mall Investors LP 129,540 9 0.22 - - Prime US-Park Tower LLC 129,336 10 0.22 - - Hines Sacramento Wells Fargo - - 391,849 1 1.07 CIM Sacramento LLC - - 227,866 2 0.62 Verizon - - 160,723 3 0.44 Comcast Cable - - 127,309 5 0.35 621 Capitol Mall LLC - - 115,137 6 0.32 300 Capitol Association NF LP - - 114,727 7 0.31 Downtown Plaza LLC - - 97,565 8 0.27 1415 Meridian Plaza LLC - - 81,818 9 0.22 Sacramento Equities REIT - - 81,806 10 0.23 1,825,926 3.12 1,530,665 4.19 All other taxpayers 56,544,437 96.88 34,971,447 95.81 Total 58,370,363$ 100.00 % 36,502,112$ 100.00 % Source: County of Sacramento, Office of Auditor/Controller 20122021

Page 257 of 309 ends

City of Sacramento
Property Tax Levies and Collections
Last Ten Fiscal Years
(in thousands)
Fiscal
Year Taxes Levied Collection
Ended for the Percentage in Subsequent Percentage
June 30 Fiscal Year (1)
Amount of Levy Year (4)
Amount of Levy
2012 129,123 $ 127,914 $ 99.06% 1,209 $ 129,123 $ 100.00% 2013 130,755 (2) (3) 129,655 99.16% 1,100 130,755 100.00% 2014 140,273 (2) (3) 139,651 99.56% 622 140,273 100.00% 2015 147,483 (2) (3) 146,374 99.25% 1,109 147,483 100.00% 2016 155,024 (2) (3) 153,563 99.06% 1,461 155,024 100.00% 2017 149,456 (2) (3) 147,960 99.00% 1,496 149,456 100.00% 2018 158,378 (2) (3) 156,689 98.93% 1,689 158,378 100.00% 2019 170,117 (2) (3) 168,637 99.13% 1,480 170,117 100.00% 2020 185,127 (2) (3) 183,365 99.05% 1,762 185,127 100.00% 2021 196,743 (2) (3) 194,957 99.09% 1,786 196,743 100.00% Notes: (1) Property taxes in 2012 and subsequent years t ill 2016 include in lieu sales tax revenue from prior year.

Program began in 2007 and ceased in 2017.
(2) Total actual tax levy amount is not available fr om Sacramento County; amount provided is an estimate. (3) Includes residual property taxes resulti ng from the redevelopment agency dissolution. (4) Receipts from County's August dist ribution covering remaining levies not collected as of June 30 each year.

Source: City of Sacramento, Finance Department
Collected within the
Fiscal Year of the Levy Total Collections to Date

Page 258 of 309 ends

THIS PAG

E INTENTIONALLY LEFT BLANK

Page 259 of 309 ends

City of Sacramento
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(in thousands, except Population and Per Capita)
Total
Fiscal Revenue Notes Ca pital Revenue Notes Ca pital Primar y Year Bonds Pa yable Leases Bonds Pa yable Leases Government 2012 457,324$ 605 $ 8,439$ 277,241$ 55,131$ 11,693$ 810,433$ 2013 (1) 435,962 530 9,446 542,347 52,536 9,466 1,050,287 2014 (2) 419,477 16,053 13,562 540,117 33,288 6,098 1,028,595 2015 398,544 15,680 10,456 519,869 29,844 4,075 978,468 2016 (3) 627,351 15,290 7,294 493,406 26,340 8,654 1,178,335 2017 (4) 606,097 14,883 4,455 533,751 22,748 5,574 1,187,508 2018 564,929 14,459 2,299 510,016 22,919 3,685 1,118,307 2019 (5) 513,186 14,014 1,011 831,547 33,185 2,340 1,395,283 2020 (6) 494,320 16,915 325 858,891 56,713 973 1,428,137 2021 (7) 475,282 16,909 199 822,397 124,073(8) - 1,314,787 Notes:
(1) In 2013, $281 million of revenue bonds and a $2.8 million capital lease payable were issued. (2) In 2014, Marina fund notes payable and capital leases were reclassified to governmental activities. (3) In 2016, $273 million of lease revenue bonds and a $183 million refunding revenue bonds were issued. (4) In 2017, $53 million of revenue bonds were issued for improvements to the City's municipal water system. (5)
(6)
(7)
(8)
NA Personal income data for the City was not available.

Source: City of Sacramento Annual Comprehensive Financial Reports Notes payable includes State Revolving Fund Loan of $173 million related to the AWMP Program Z14010000. Funding is currently scheduled to be fully spent by June 30,2022. Several new construction contracts were awarded in FY21, and the City continues to draw on the SRF during the year to fund these projects.

In 2021, $28 million of refunding bonds were issued.

Business-Type ActivitiesGovernmental Activities
In 2019, $284 million of revenue bonds were issued for the renovation of the City's Convention Center, Community Center Theater, and Memorial Auditorium. In 2019, $25 million of revenue bonds were issued for improvements to the Cit
y's wastewater system.

In 2020, $50 million of revenue bonds were issued for the purpose of financing an additional Ballroom in the Sacramento Convention Center and other capital-improvement projects. In 2020, $188 million of refunding bonds were issued.

Page 260 of 309 ends

City of Sacramento
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(in thousands, except Population and Per Capita)
Percentage
Fiscal of Personal Per
Year Income Po pulation Ca pita
2012 NA 470,956 1,721
2013 (1) NA 473,509 2,218
2014 (2) NA 475,122 2,165
2015 NA 480,105 2,038
2016 (3) NA 485,683 2,426
2017 (4) NA 493,025 2,409
2018 NA 501,344 2,231
2019 (5) NA 508,172 2,746
2020 (6) NA 510,931 2,795
2021 (7) NA 515,673 2,550
Notes:
(1) In 2013, $281 million of revenue bonds and a $2.8 million capital lease payable were issued. (2) In 2014, Marina fund notes payable and capital leases were reclassified to governmental activities. (3) In 2016, $273 million of lease revenue bonds and a $183 million refunding revenue bonds were issued. (4) In 2017, $53 million of revenue bonds were issued for improvements to the City's municipal water system. (5)
(6)
(7)
(8)
NA Personal income data for the City was not available.

In 2021, $28 million of refunding bonds were issued.

In 2019, $284 million of revenue bonds were issued for the renovation of the City's Convention Center, Community Center Theater, and Memorial Auditorium. In 2019, $25 million of revenue bonds were issued for improvements to the Cit
y's wastewater system.

Page 261 of 309 ends

City of Sacramento
Ratios of Net General Bonded Debt Outstanding
Last Ten Fiscal Years
(in thousands, except Population and Per Capita)
Total Gross Amounts Total Net Net
General Restricted for General Actual Taxable Bonded
Fiscal Obligation Principal Obligation Value of Debt Per Year Bonds Repayments Bonds Property Population Capita
2012 - $ - $ -$ 36,502,112$ 0.00% 470,956 -$ 2013 - - - 35,494,811 0.00% 473,509 -
2014 - - - 36,924,255 0.00% 475,122 -
2015 - - - 39,067,503 0.00% 480,105 -
2016 - - - 40,897,785 0.00% 485,683 -
2017 - - - 43,485,716 0.00% 493,025 -
2018 - - - 46,645,376 0.00% 501,344 -
2019 - - - 50,352,401 0.00% 508,172 -
2020 - - - 54,559,257 0.00% 510,931 -
2021 - - - 58,370,363 0.00% 515,673 -
Source: City of Sacramento Annual Comprehensive Financial Reports and the County of Sacramento.

Percentage of
Actual Taxable
Value of
Property

Page 262 of 309 ends

City of Sacramento
Direct and Overlapping Governmental Activities Debt (1) As of June 30, 2021
(in thousands)
Estimated
Total Share of
Governmental Unit Debt Overlapping
Outstanding Debt
Overlapping Tax and Assessment Debt:

Los Rios Community College District 415,205 $ 26.785 % 111,213 $ Elk Grove Unified School District 317,350 11.860 37,638 Natomas Unified School District 419,275 86.349 362,039 Sacramento Unified School District 455,013 85.047 386,975 San Juan Unified School District 666,806 2.934 19,564 Twin Rivers Unified School District:

Twin Rivers Unified School District (former Elementary School District bonds) 56,250 49.434 27,807 Twin Rivers Unified School District (former Grant Joint Union High School District bonds) 264,843 48.917 129,553 Robla School District 87,778 53.239 46,732
City of Sacramento Community Facilities Districts 207,160 100.000 207,160 Elk Grove Unified School District Community Facilities District No. 1 185,371 11.860 21,985 City of Sacramento 1915 Act Bonds 1,460 100.000 1,460 California Statewide Community Development Authority Assessment Districts 16,548 100.000 16,548 Sacramento Area Flood Control Agency Consolidated Capital Districts Assessment District 318,525 85.335 271,813 Sacramento Area Flood Control Agency Natomas Local Assessment District 31,680 82.936 26,274 Subtotal - Overlapping Tax and Assessment debt 1,666,761 Direct and Overlapping General Fund Debt:

Sacramento County General Fund Obligations 139,167 32.343 45,011 Sacramento County Pension Obligation Bonds 712,785 32.343 230,536 Sacramento County Board of Education General Fund Obligations 3,100 32.343 1,003 Elk Grove Unified School District General Fund Obligations 11,770 11.860 1,396 Sacramento Unified School District General Fund Obligations 57,855 85.047 49,204 Twin Rivers Unified School District Certificates of Participation 8,090 48.917 3,957 Arcade Creek Recreation and Park District General Fund Obligations 211 1.099 2 Fulton-El Camino Recreation and Park District General Fund Obligations 1,082 16.755 181 Subtotal - Direct and Overlapping General Fund Debt 331,290 Total Overlapping Debt 1,998,051
City of Sacramento Direct Debt 492,390
Total Direct and Overlapping Debt 2,490,441$
Note: (1)
Source: Data regarding overlapping debt is obtained from California Municipal Statistics, Inc.

Estimated
Percentage
Applicable
Overlapping governments are those that coincide, at least in part, with the geographical boundaries of the City of Sacramento. This schedule estimates the portion of outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents an d
businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt of each overlapping government. Details regarding the City's outstanding debt can be found in the notes to the financial statements.

Page 263 of 309 ends

City of Sacramento
Legal Debt Margin
Last Ten Fiscal Years
(in thousands)
Net Debt Limit - General Amount set aside Total net debt Legal Fiscal Assessed 15% of Obligation for repayment of applicable to Debt Year Value Assessed Valu e Bonds general obligat ion debt limit Margin 2012 36,502,112$ 5,475,317 $ - $ -$ -$ 5,475,317$ 0.00% 2013 35,494,811 5,324,222 - - - 5,324,222 0.00% 2014 36,924,255 5,538,638 - - - 5,538,638 0.00% 2015 39,067,503 5,860,125 - - - 5,860,125 0.00% 2016 40,897,785 6,134,668 - - - 6,134,668 0.00% 2017 43,485,716 6,522,857 - - - 6,522,857 0.00% 2018 46,645,376 6,996,806 - - - 6,996,806 0.00% 2019 50,352,401 7,552,860 - - - 7,552,860 0.00% 2020 54,559,257 8,183,889 - - - 8,183,889 0.00% 2021 58,370,363 8,755,554 - - - 8,755,554 0.00% Sources: (A) City of Sacramento Annual Comprehensive Financial Reports. (B) County of Sacramento, Office of Auditor/Controller. percentage of
debt limit
Debt Limit Debt Applicable to Limit
Total net debt
applicable to
the limit as a

Page 264 of 309 ends

THIS PAG

E INTENTIONALLY LEFT BLANK

Page 265 of 309 ends

City of Sacramento
Pledged-Revenue Coverage
Last Ten Fiscal Years
(in thousands)
Fiscal Year Gross Revenue
Less: Operating
Expenses (1)
Net Revenue Principal Interest Coverage
2012 79,857$ 43,346$ 36,511$ -$ 141$ 258.94 2013 88,754 43,128 45,626 194 243 104.41
2014 94,382 43,215 51,167 396 9,974 4.93
2015 100,523 45,292 55,231 3,946 10,704 3.77 2016 98,533 47,728 50,805 4,061 10,594 3.47 2017 108,867 56,223 52,644 4,206 10,448 3.59 2018 119,379 50,565 68,814 4,397 12,111 4.17 2019 127,868 61,359 66,509 5,383 12,809 3.66 2020 142,041 67,841 74,200 5,644 12,835 4.02 2021 144,070 66,021 78,049 8,811 9,254 4.32 Fiscal Year Gross Revenue
Less: Operating
Expenses (1)
Net Revenue Principal Interest Coverage
2012 21,496$ 16,274$ 5,222$ 687$ 172$ 6.08 2013 25,134 18,005 7,129 703 156 8.30
2014 28,493 21,322 7,171 720 1,091 3.96
2015 32,223 21,091 11,132 736 1,527 4.92
2016 31,532 21,149 10,383 1,313 1,501 3.69
2017 34,311 24,987 9,324 1,351 1,464 3.31
2018 37,596 23,010 14,586 1,394 1,422 5.18
2019 42,275 27,371 14,904 1,396 1,379 5.37
2020 44,562 25,988 18,574 1,443 2,490 4.72
2021 43,829 26,341 17,488 1,936 1,841 4.63
Notes: (1) Total operating expenses is exclusive of depreciation and amortization expense. (2) Debt service requirements include California Department of Public Health Notes Payable, Drinking Water State Revolving Fund Notes Payable, Water Revenue Bonds, Series 2013 and 2017, and Water Revenue Refunding Bonds, Series 2020.
(3) Debt service requirements include Wastewater portion of State Water Resources Control Board Notes Payable ,
Wastewater Revenue Bonds, Series 2013 and 2019, and Wastewater Revenue Refunding Bonds, Series 2020.

Source: City of Sacramento's internal financial documents.

Debt Service Requirements (2)
Water Revenue
Debt Service Requirements (3)
Wastewater Revenue

Page 266 of 309 ends

City of Sacramento
Pledged-Revenue Coverage
Last Ten Fiscal Years
(in thousands)
Fiscal Year Gross Revenue
Less: Operating
Expenses (1)
Net Revenue Principal Interest Coverage
2012 34,545 $ 25,638$ 8,907$ 2,142$ 624$ 3.22 2013 35,682 24,703 10,979 2,179 562 4.01
2014 38,049 24,479 13,570 2,230 511 4.95
2015 37,646 29,581 8,065 2,283 458 2.94
2016 40,166 28,897 11,269 2,336 404 4.11
2017 40,124 29,207 10,917 2,391 349 3.98
2018 39,512 30,483 9,029 2,448 292 3.30
2019 39,969 29,021 10,948 2,381 234 4.19
2020 40,871 31,521 9,350 2,437 178 3.58
2021 40,848 29,732 11,116 2,237 119 4.72
Fiscal Year Gross Revenue
Less: Operating
Expenses (5)
Net Revenue Principal Interest Coverage
2019 29,477 $ -$ 29,477$ -$ 8,103$ 3.64 2020 21,504 - 21,504 - 13,891 1.55
2021 15,545 - 15,545 5,080 13,891 0.82
Fiscal Year Gross Revenue
Less: Operating
Expenses (5)
Net Revenue Principal Interest Coverage
2020 1,883 $ -$ 1,883$ -$ 1,469$ 1.28
2021 1,899 - 1,899 845 1,895 0.69
Notes: (1) Total operating expenses is exclusive of depreciation and amortization expense. (2) Debt service requirements include Storm Drainage portion of State Water Resources Control Board Notes Payable and California Infrastructure and Economic Development Bank Notes Payable. (3) Debt service requirements include 2018 TOT Revenue Bonds, Series A, B, and C. Therefore, only three years are shown. (4) Debt service requirements include 2019 STID Assessment Revenue Bonds. Therefore, only two years are shown. (5)
Due to the classification of TOT and STID revenues as nonoperating revenues, no operating expenses reported above.

Source: City of Sacramento's internal financial documents.

Transient Occupancy Tax (TOT) Revenue
Debt Service Requirements (4)
Sacramento Tourism Infrastructure District (STID) Assessment Revenue Debt Service Requirements (2)
Storm Drainage Revenue
Debt Service Requirements (3)

Page 267 of 309 ends

City of Sacramento
Demographic and Economic Statistics for Sacramento County Last Ten Years
Personal Per Education
Income Capita Level
(in millions Personal Median in Years of School Unemployment Year Population of dollars) Income Age Schooling Enrollment Rate (A) (B) (C) (D)
2012 1,435,153 NA NA NA NA 237,362 11.1 %
2013 1,445,806 NA NA NA NA 238,290 8.7
2014 1,454,406 NA NA NA NA 240,216 7.1
2015 1,470,912 64,638$ 43,944$ 34 NA 241,022 5.8 2016 1,495,297 69,590 46,539 33 NA 242,725 5.8 2017 1,514,770 72,894 48,122 34 NA 244,394 5.4 2018 1,529,501 76,776 50,197 34 N/A 245,906 4.2 2019 1,546,174 81,242 52,544 34 N/A 246,663 3.9 2020 1,555,365 85,959 55,266 34 N/A 249,540 12.5 2021 1,561,014 91,018 58,307 35 N/A 246,069 7.3 Sources: (A) California Department of Finance - Population estimates as of January 1st of each year:
http://www.dof.ca.gov/Forecasting/Demographics/Estimates/e-1/ (B) US Bureau of Economic Analysis, report on Local Area Personal Income as of March 31 each year: https://www.bea.gov/ (C) California Department of Education, report on Sacramento County as of June 30 each year: http://dq.cde.ca.gov/dataquest/ (D) California Employment Development Department, Report 400 C - Monthly Labor Force Data for California Counties:
http://www.labormarketinfo.edd.ca.gov/ (as of June each year)

Page 268 of 309 ends

City of Sacramento
Principal Employers
Current Fiscal Year and Nine Years Ago
Percentage Percentage
Employer (A) Employee (A) (1) Rank of Total Employee (A) (1) Rank of Total Employment (B) (2)
Employment (B)
State of California 82,076 1 12.39% 69,763 1 11.57%
UC Davis Health System 14,618 2 2.21% 7,725 3 1,28%
Sacramento County 12,585 3 1.90% 11,450 2 1.90%
Kaiser Permanente 12,078 4 1.82% 6,360 6 1.05%
U.S. Government 11,752 5 1.77% - - -
Dignity Health 10,888 6 1.64% 7,069 4 1.17%
Sutter Health 10,764 7 1.63% 5,765 7 0.96%
Intel Corporation 5,992 8 0.90% 6,633 5 1.10%
California State University Sacramento 5,283 9 0.80% - - - San Juan Unified School District 4,962 10 0.75% 4,700 10 0.78% City of Sacramento 4,883 11 0.74% 4,083 11 0.68%
Elk Grove Unified School District - - - 5,021 8 0.83%
Sacramento City Unified School District - - - 5,000 9 0.83% Notes: (1) Ranked by number of employees in full-time equivalents. (2) Percentage of total employment is calculated based on Sacramento County's total employment force of 662,400 per Employment Development Department website) in July 2021.

Sources: (A) Sacramento Business Journal, June 4, 2021. List of largest employers in Sacramento County. (B) Employment Development Department, State of California. 20122021

Page 269 of 309 ends

PROJECT AREA 2012 2013 2014 2015 2016
Merged Downtown
Secured 2,427,850$ 2,366,130$ 2,300,993$ 2,344,213$ 2,461,341$ Unsecured 145,125 137,567 132,581 138,662 124,172 Utility 997 770 770 770 748
Total 2,573,972$ 2,504,467$ 2,434,344$ 2,483,645$ 2,586,261$ Del Paso Heights
Secured 286,172$ 276,998$ 289,856$ 311,285$ 317,886$ Unsecured 10,267 9,550 12,659 14,464 13,621 Utility 1 1 1 1 1
Total 296,440$ 286,549$ 302,516$ 325,750$ 331,508$ Alkali Flat
Secured 121,651$ 119,184$ 112,883$ 120,103$ 123,251$ Unsecured 2,962 4,982 3,224 3,504 2,963 Utility - - - - -
Total 124,613$ 124,166$ 116,107$ 123,607$ 126,214$ Oak Park
Secured 428,226$ 427,642$ 466,006$ 476,624$ 501,132$ Unsecured 8,973 9,898 9,763 9,483 24,938 Utility - - - - -
Total 437,199$ 437,540$ 475,769$ 486,107$ 526,070$ River District (formerly Richards Blvd)
Secured 403,771$ 396,061$ 375,825$ 403,452$ 393,540$ Unsec
ured 31,661 33,655 29,486 35,352 37,314 Utility 4,264 4,779 4,779 4,779 2,591 Total 439,696$ 434,495$ 410,090$ 443,583$ 433,445$ North Sacramento
Secured 526,139$ 506,029$ 498,272$ 509,637$ 523,526$ Unsecured 35,675 39,802 36,413 40,115 36,778 Utility - - - - -
Total 561,814$ 545,831$ 534,685$ 549,752$ 560,304$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

Source: County of Sacramento, Office of Auditor/Controller City of Sacramento
(in thousands)
Fiscal Year
Successor Agency Trust Fund
Assessed Value of Taxable Property (1) (2)
Last Ten Fiscal Years

Page 270 of 309 ends

PROJECT AREA 2017 2018 2019 2020 2021
Merged Downtown
Secured 2,682,975$ 3,294,112$ 3,572,623$ 3,854,509$ 3,927,521$ Unsecured 110,587 131,439 147,725 169,620 169,037 Utility 748 748 696 7 7
Total 2,794,310$ 3,426,299$ 3,721,044$ 4,024,136$ 4,096,565$ Del Paso Heights
Secured 338,354$ 380,389$ 414,850$ 469,286$ 510,477$ Unsecured 15,440 14,149 21,771 23,390 28,109 Utility 1 1 1 - -
Total 353,795$ 394,539$ 436,622$ 492,676$ 538,586$ Alkali Flat
Secured 136,555$ 158,376$ 198,843$ 228,034$ 250,906$ Unsecured 2,996 2,920 3,485 3,582 3,794 Utility - - - - -
Total 139,551$ 161,296$ 202,328$ 231,616$ 254,700$ Oak Park
Secured 567,966$ 610,203$ 686,458$ 787,243$ 831,901$ Unsecured 27,750 28,003 31,947 23,271 25,615 Utility - - - - -
Total 595,716$ 638,206$ 718,405$ 810,514$ 857,516$ River District (formerly Richards Blvd)
Secured 404,183$ 413,627$ 444,699$ 474,858$ 535,733$ Uns
ecured 34,732 36,120 37,676 35,370 35,657 Utility 2,591 2,591 2,464 2,752 2,705 Total 441,506$ 452,338$ 484,839$ 512,980$ 574,095$ North Sacramento
Secured 555,437$ 556,306$ 605,147$ 681,316$ 743,818$ Unsecured 36,563 36,555 43,011 50,625 57,168 Utility - - - 719 719
Total 592,000$ 592,861$ 648,158$ 732,660$ 801,705$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

Source: County of Sacramento, Office of Auditor/Controller City of Sacramento
(in thousands)
Fiscal Year
Successor Agency Trust Fund
Assessed Value of Taxable Property (1) (2)
Last Ten Fiscal Years

Page 271 of 309 ends

PROJECT AREA 2012 2013 2014 2015 2016
Franklin Boulevard
Secured 554,662$ 553,114$ 556,190$ 482,823$ 474,370$ Unsecured 38,551 39,862 37,903 32,000 31,565 Utility - - - - -
Total 593,213$ 592,976$ 594,093$ 514,823$ 505,935$ Stockton Boulevard
Secured 355,452$ 334,059$ 345,330$ 364,463$ 384,262$ Unsecured 17,468 17,101 17,293 17,731 16,742 Utility - - - - -
Total 372,920$ 351,160$ 362,623$ 382,194$ 401,004$ Army Depot
Secured 810,113$ 790,956$ 826,125$ 864,133$ 928,249$ Unsecured 116,198 116,489 149,382 139,964 110,209 Utility 579 943 943 943 1,072
Total 926,890$ 908,388$ 976,450$ 1,005,040$ 1,039,530$ 65th Street
Secured 230,618$ 229,458$ 228,785$ 231,632$ 243,684$ Unsecured 25,808 17,346 14,536 17,543 14,033 Utility - - - - -
Total 256,426$ 246,804$ 243,321$ 249,175$ 257,717$ Railyards
Secured 80,928$ 84,191$ 80,200$ 75,245$ 68,288$

Unsecured 3,521 4,548 4,454 5,973 10,940 Utility 768 771 - - -
Total 85,217$ 89,510$ 84,654$ 81,218$ 79,228$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

Source: County of Sacramento, Office of Auditor/Controller City of Sacramento
Fiscal Year
Successor Agency Trust Fund
Assessed Value of Taxable Property (1) (2)
Last Ten Fiscal Years
(in thousands)

Page 272 of 309 ends

PROJECT AREA 2017 2018 2019 2020 2021
Franklin Boulevard
Secured 497,711$ 544,375$ 578,295$ 608,313$ 643,432$ Unsecured 35,431 34,068 33,800 36,098 38,111 Utility - - - - -
Total 533,142$ 578,443$ 612,095$ 644,411$ 681,543$ Stockton Boulevard
Secured 403,482$ 442,555$ 471,634$ 510,666$ 556,549$ Unsecured 15,941 15,798 18,937 19,758 23,067 Utility - - - - -
Total 419,423$ 458,353$ 490,571$ 530,424$ 579,616$ Army Depot
Secured 979,664$ 1,052,144$ 1,130,114$ 1,302,802$ 1,391,639$ Unsecured 106,652 111,552 115,208 132,775 138,567 Utility 1,072 1,072 1,072 1,037 1,037 Total 1,087,388$ 1,164,768$ 1,246,394$ 1,436,614$ 1,531,243$ 65th Street
Secured 276,299$ 350,567$ 425,730$ 532,239$ 553,158$ Unsecured 15,339 17,768 22,692 22,321 25,276 Utility - - - 94 94
Total 291,638$ 368,335$ 448,422$ 554,654$ 578,528$ Railyards
Secured 62,600$ 66,406$ 67,471$ 71,495$ 104,469$

Unsecured 7,310 7,151 11,438 13,940 15,667 Utility - - - - -
Total 69,910$ 73,557$ 78,909$ 85,435$ 120,136$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

Source: County of Sacramento, Office of Auditor/Controller City of Sacramento
Fiscal Year
Successor Agency Trust Fund
Assessed Value of Taxable Property (1) (2)
Last Ten Fiscal Years
(in thousands)

Page 273 of 309 ends

City of Sacramento
Merged Downtown
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value WEIDNER INVESTMENT SERVICES INC 79,925 $ 49,013$ (30,912)$ 5.76% CIM J STREET GARAGE SACRAMENTO LP 77,603 36,149 (41,454) 7.73% KAISER FOUNDATION HEALTH PLAN INCORPORATED 75,567 37,783 (37,784) 7.05% CL1 SACRAMENTO LLC 53,952 35,970 (17,982) 3.35%
CL1 SACRAMENTO LLC 51,400 41,200 (10,200) 1.90%
TIMBER SOMA 925 L STREET LP 47,338 42,600 (4,738) 0.88% GPT PROPERTIES 46,740 23,370 (23,370) 4.36%
SAMUEL D TARPIN 28,143 15,469 (12,674) 2.36%
CIM J STREET GARAGE SACRAMENTO LLC 20,395 10,197 (10,198) 1.90% ATRIUM FINANCE LP 18,950 1,194 (17,756) 3.31%
Subtotal 500,013 292,945 (207,068) 38.61%
All Other Taxpayers 36,297 18,722 (17,575) 3.28%
Total 536,310$ 311,667$ (224,643)$ 41.89% Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 274 of 309 ends

City of Sacramento
Del Paso Heights
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value DOLGEN CALIFORNIA LLC 2,877$ 1,900$ (977)$ 33.06%
ADT LLC 78 47 (31) 1%
Subtotal 2,955 1,947 (1,008) 34.11%
All Other Taxpayers - - - -
Total 2,955$ 1,947$ (1,008)$ 34.11%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 275 of 309 ends

City of Sacramento
Alkali Flat
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value JOHN B ADAMO 2,144 $ 1,072$ (1,072)$ 32.86%
FIXZYN INCORPORATED 575 448 (127) 3.89%
FIXZYN INCORPORATED 543 447 (96) 2.94%
Subtotal 3,262 1,967 (1,295) 39.70%
All Other Taxpayers - - - -
Total 3,262$ 1,967$ (1,295)$ 39.70%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 276 of 309 ends

City of Sacramento
Oak Park
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value BIMBO BAKERIES 15,404 $ 10,000$ (5,404)$ 33.10%
LANCE ACUNA 322 258 (64) 0.39%
GREG BLUNDEN 262 157 (105) 0.64%
CYNTHIA STREATOR 114 71 (43) 0.26%
WALGREEN CO 113 87 (26) 0.16%
CYNTHIA STREATOR 109 69 (40) 0.25%
Subtotal 16,324 10,642 (5,682) 34.81%
All Other Taxpayers - - - -
Total 16,324$ 10,642$ (5,682)$ 34.81%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 277 of 309 ends

City of Sacramento
River District
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value JMDH REAL ESTATE SACRAMENTO LLC 6,270 $ 3,135$ (3,135)$ 10.46% JMDH REAL ESTATE SACRAMENTO LLC 6,523 3,262 (3,261) 10.87% JMDH REAL ESTATE SACRAMENTO LLC 6,395 3,198 (3,197) 10.67% MARTIN SPROCKET & GEAR INC 4,456 743 (3,713) 12.39%
VITARAG HOSPITALITY INC 4,203 2,000 (2,203) 7.35%
RITZ/SCHOEFFLER INTERESTS 1,895 1,232 (663) 2.21%
PLANT LIFE INNOVATIVE TECHNOLOGIES LLC 221 47 (174) 0.58% Subtotal 29,963 13,617 (16,346) 54.55%
All Other Taxpayers - - - -
Total 29,963$ 13,617$ (16,346)$ 54.55%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 278 of 309 ends

City of Sacramento
North Sacramento
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value SEVEN UP/RC BOTTLING CO 42,089$ 39,016$ (3,073)$ 3.12% SEVEN UIP BOTTLING COMPANY OF SAN FRANSICSO 31,316 14,832 (16,484) 16.74% SAC HOTELS LLC 6,217 2,861 (3,356) 3.41%
TCHERKOYAN FAMILY TRUST 6,090 3,654 (2,436) 2.47%
BAHRAM NAVID 5,857 5,000 (857) 0.87%
BELL EXPO LLC 2,245 1,347 (898) 0.91%
JERRY IVY SEPARATE PROPERTY TRUST 1,300 780 (520) 0.53% THE AMERICAN BOTTLING COMPANY 895 429 (466) 0.47%
THE AMERICAN BOTTLING COMPANY 804 362 (442) 0.45%
THE AMERICAN BOTTLING COMPANY 780 358 (422) 0.43%
Subtotal 97,593 68,639 (28,954) 29.41%
All Other Taxpayers 863 414 (449) 0.46%
Total 98,456$ 69,053$ (29,403)$ 29.41%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 279 of 309 ends

City of Sacramento
Franklin Boulevard
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value 6200 FRANKLIN LLC 20,153 $ 10,278$ (9,875)$ 12.36%
6200 FRANKLIN LLC 15,896 7,945 (7,951) 9.95%
6200 FRANKLIN LLC 15,576 7,788 (7,788) 9.75%
CVS HEALTH 7,992 5,000 (2,992) 3.75%
MACY'S WEST STORES 5,748 1,947 (3,801) 4.76%
XPO LOGISTICS FREIGHT INC 3,989 3,160 (829) 1.04%
6200 FRANKLIN LLC 3,796 1,898 (1,898) 2.38%
OREILLY AUTO PARTS 2,515 1,257 (1,258) 1.57%
-
CROWN ENTERPRISES INC 2,363 1,080 (1,283) 1.61%
-
6200 FRANKLIN LLC 1,172 586 (586) 0.73%
Subtotal 79,200 40,939 (38,261) 48%
All Other Taxpayers 686 516 (170) 0%
Total 79,886$ 41,455$ (38,431)$ 47.89%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 280 of 309 ends

City of Sacramento
Stockton Boulevard
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value H/S ENERGY LLC 1,634 $ 1,144$ (490)$ 21.06%
GREG BLUNDEN 250 21 (229) 9.84%
WELLS FARGO BANK 322 161 (161) 6.92%
JENNIFER K. DOUNG 121 35 (86) 3.70%
Subtotal 2,327 1,361 (966) 42%
All Other Taxpayers - - - -
Total 2,327$ 1,361$ (966)$ 41.51%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 281 of 309 ends

City of Sacramento
Army Depot
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value RICHARD N REESE FAMILY LLC 1,187 $ 696$ (491)$ 37.86%
SSBZ LLC 55 2 (53) 4.09%
SSBZ LLC 55 2 (53) 4.09%
Subtotal 1,297 700 (597) 46.03%
All Other Taxpayers - - - -
Total 1,297$ 700$ (597)$ 46.03%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 282 of 309 ends

City of Sacramento
65th Street
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value GEM CROSSINGS LLC 93,250$ 78,108$ (15,142)$ 4.03% GEM CROSSINGS LLC 93,250 78,108 (15,142) 4.03%
SSC SACRAMENTO APARTMENTS LLC 75,346 37,493 (37,853) 10.08% ELEMENT DST NB 49,299 24,649 (24,650) 6.57%
TARGET CORP. 28,381 27,354 (1,027) 0.27%
ELEMENT DST NB 27,675 13,836 (13,839) 3.69%
ELEMENT DST NB 8,219 4,109 (4,110) 1.09%
Subtotal 375,420 263,657 (111,763) 29.77% All Other Taxpayers - - - -
Total 375,420$ 263,657$ (111,763)$ 29.77% Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 283 of 309 ends

City of Sacramento
Railyards
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value SIMS METAL MANAGEMENT 4,518 $ 2,259$ (2,259)$ 14.08%
SIMS GROUP USA CORPORATION 3,236 2,051 (1,185) 7.39%
MARQUEE MEDAI SOLUTIONS LLC 1,785 1,173 (612) 3.81%
SIMS GROUP USA CORPORATION 1,413 707 (706) 4.40%
SIMS GROUP USA CORPORATION 1,243 806 (437) 2.72%
SIMS GROUP USA CORPORATION 1,017 773 (244) 1.52%
MARQUEE SACRAMENTO DIGITAL BILLBOARDS LLC 972 585 (387) 2.41% SIMS METAL MANAGEMENT 929 464 (465) 2.90%
MARQUEE SACRAMENTO DIGITAL BILLBOARDS 930 585 (345) 2.15% Subtotal 16,043 9,403 (6,640) 41.39%
All Other Taxpayers - - - -
Total 16,043$ 9,403$ (6,640)$ 41.39%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2021.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2021

Page 284 of 309 ends

Successor Agency Trust Fund
(in thousands)
Percentage Percentage
Taxable of Total Taxable of Total
Assessee Value (1) Rank Taxable Value (2) Value Rank Taxable Value City of Sacramento (Sacramento Downtown Arena LLC) 320,347$ 1 6.79% -$ - Hancock SREIT Sacramento LLC 200,809 2 4.26% - - SRI Eleven 621 Capitol Mall LLC 169,240 3 3.59% - - Prime US-Park Tower LLC 167,215 4 3.54% - - 500 Capitol Mall LLC 148,974 5 3.16% 77,567 5 3.01% PAC West Office Equities LP 144,900 6 3.07% - - 300 Capitol Mall Investors LP 130,882 7 2.77% - - Sacramento CA I FGF LLC 106,706 8 2.26% - - GSA Sacramento Newco LLC 99,929 9 2.12% - -
CA Sacramento Commons LLC 90,572 10 1.92% - -
Hines Sacramento Wells Fargo Center - - 206,544 1 8.02% 621 Capitol Mall - - 117,394 2 4.56%
300 Capitol Associates NF LP - - 109,000 3 4.23%
CIM/980 9th St Sacramento LP - - 96,602 4 3.75%
Capitol Regency LLC - - 71,823 6 2.79%
CIM/J Street Hotel Sacramento LP - - 71,154 7 2.76%
1325 J Street LLC - - 66,641 8 2.59%
1415 Meridian Plaza LLC/Valley View Investors - - 65,120 9 2.53% Sacramento Equities REIT - - 61,000 10 2.37%
Subtotal 1,579,574 33.47% 942,845 36.63% All Other Taxpayers 3,139,744 66.53% 1,631,127 63.37% Total 4,719,318$ 100.00% 2,573,972$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2020-21 Project Area total taxable value.

Source: Sacramento County Assessor
2021 2012
City of Sacramento
Principal Property Taxpayers - Merged Downtown
Current Fiscal Year and Nine Years Ago

Page 285 of 309 ends

Successor Agency Trust Fund
(in thousands)
Percentage Percentage
Taxable of Total Taxable of Total
Assessee Value (1) Rank Taxable Value (2) Value Rank Taxable Value Research Properties 5,971$ 1 1.08% 5,146$ 1 1.74%
BM Ventures LLC 5,899 2 1.07% 5,084 2 1.72%
565 Display Way LLC 3,272 3 0.59% - -
John A/Leta K Nichols 1994 Rev Trust 3,144 4 0.57% 2,710 4 0.91% Ramon Canyon Associates LP 2,930 5 0.53% - -
Ocean Queen USA LLC 2,930 6 0.53% - -
Reg Real Estate/Investments CA LLC 2,907 7 0.53% - -
US Rentals Inc 2,643 8 0.48% 2,417 6 0.82%
BM Ventures II LLC 2,639 9 0.48% - -
4555 Carmichael LLC 2,633 10 0.48% - -
Woodhaven Senior Residences - - 4,341 3 1.46%
Lundbom Family Trust - - 2,439 5 0.82%
Proffutt Limited Partnership - - 2,099 7 0.71%
23002 Moulton Parkway LLC - - 1,938 8 0.65%
Harry & Mariann Brix 1993 Family Trust - - 1,811 9 0.61% Terkensha Associates - - 1,667 10 0.56%
Subtotal 34,968 6.35% 29,652 10.00%
All Other Taxpayers 515,943 93.65% 266,788 90.00% Total 550,911$ 100.00% 296,440$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2020-21 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Del Paso Heights
Current Fiscal Year and Nine Years Ago
2021 2012

Page 286 of 309 ends

Sacramento City CouncilFebruary 8, 2022

Sacramento City Council
February 8, 2022