Budget and Audit Committee
April 4, 2023

134
City of Sacramento
Other Special Revenue Funds
Combining Balance Sheet
June 30, 2022
(in thousands)
Total Other
CCOMWP Special Districts Cal EPA Special Revenue
Fund Fund Fund Funds
ASSETS
Cash and investments held by City 186$ 24,607$ 1,052$ 133,252$ R
eceivables, net:

Taxes - - - 6,104
A
ccounts - 1,871 38 2,570
Loans - - - 19,266
I
ntergovernmental 1,396 - - 1,627
Leases - - - 123
I
nterest - - - 121
R
estricted assets:

Cash and investments held by City - - - 175
Total assets 1,582$ 26,478$ 1,090$ 163,238$
L

IABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 509$
5,816$
-$
7,778$
A
ccrued payroll 18
-
-
48 D
eposits -
-
-
2,308
U
nearned revenue -
-
-
710
A
dvances from other funds -
-
-
5,971
Total liabilities
527
5,816
-
16,815
D
eferred Inflows of resources:

Unavailable revenue 976
-
-
1,339
Leases
-
-
-
123
Total defer
red inflows of resources 976
-
-
1,462
Fund balances:

R
estricted:

Capital projects -
4,134
-
27,366
D
ebt service -
-
-
175
P
ublic works programs -
-
-
21,293
E
conomic development programs -
-
-
55,545
O
ther programs 79
16,528
-
22,180
C
ommitted:

Capital projects -
-
-
795
O
PEB -
-
-
1 Other programs -
-
1,090
20,238
U
nassigned -
-
-
(2,632)
Total fund balances 79
20,662
1,090
144,961
Total liabilities, defer
red inflows of resources
and fund balances 1,582$ 26,478$ 1,090$ 163,238$

135
City of Sacramento
Other Special Revenue Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2022
(in thousands)
Transportation Culture and Parks and Economic
and Development Leisure Recreation Development
Fund Fund Fund Fund
Revenues:

Taxes - $
-$
-$
11,258$

Intergovernmental 16,147 - 490 -
Charges for services 16,366 2,153 - -
Fines, forfeits and penalties 202 - - 5
Interest, rents, and concessions (1,957) 1,148 255 345 Community service fees 236 - 328 -
Assessment levies 155 - - -
Contributions and donations - 92 353 -
Total revenues 31,149 3,393 1,426 11,608
Expenditures:

Current:

General government - - - 1,072
Public works 10,795 - - -
Convention and cultural services - 1,789 - -
Youth, parks, and community enrichment - - 1,832 -
Community development 14,774 - - -
Library - - - -
Utilities - - - -
Capital outlay 1,143 174 619 7
Debt service:

Principal - 449 - -
Interest and fiscal charges - 1,001 - -
Total expenditures 26,712
3,413 2,451 1,079
Excess (deficiency) of revenues over
(under) expenditures 4,437 (20) (1,025) 10,529
Other financing sources (uses):

Transfers in - 591 501 7,329
Transfers out (396) - - (11,850)
Total other financing sources (uses) (396) 591 501 (4,521) Changes in fund balances 4,041 571 (524) 6,008
Fund balances, beginning of year 54,547 132 8,818 49,537 Fund balances, end of year 58,588$
703$
8,294$
55,545$

136
City of Sacramento
Other Special Revenue Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2022
(in thousands)
Total Other
CCOMWP Special Districts Cal EPA Special Revenue
Fund Fund Fund Funds
Revenues:

Taxes - $ - $ - $ 11,258 $ Intergovernmental 2,357 - 207 19,201 Charges for services - - - 18,519 Fines, forfeits and penalties - - - 207 Interest, rents, and concessions 7 171 7 (24) Community service fees - - - 564 Assessment levies - 55,828 - 55,983 Contributions and donations - - - 445 Total revenues 2,364 55,999 214 106,153 Expenditures:

Current:

General government 4,200 11,344 - 16,616 Public works - 16,577 - 27,372 Convention and cultural services - 6,473 - 8,262 Youth, parks, and community enrichment - 7,752 - 9,584 Community development - 137 - 14,911 Library - 8,777 - 8,777 Utilities - 278 - 278 Capital outlay - 1,613 - 3,556 Debt service:

Principal 52 - - 501 Interest and fiscal charges 1 - - 1,002 Total expenditures
4,253 52,951 - 90,859 Excess (deficiency) of revenues over
(under) expenditures (1,889) 3,048 214 15,294 Other financing sources (uses):

Transfers in 486 442 - 9,349 Transfers out - (2,741) - (14,987) Total other financing sources (uses) 486 (2,299) - (5,638) Changes in fund balances (1,403) 749 214 9,656 Fund balances, beginning of year 1,482 19,913 876 135,305 Fund balances, end of year 79 $ 20,662 $ 1,090 $ 144,961 $

137
- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 12,042 $ 12,042$ 16,147$ 4,105$ Charges for services 3,451 4,818 4,639 (179) Fines, forfeits and penalties 400 400 202 (198) Interest, rents, and concessions 40 40 (2,046) (2,086) Total revenues 15,933 17,300 18,942 1,642 Expenditures:

Current:

Public works 12,206 12,206 10,795 1,411 Community development 3,451 4,818 2,689 2,129 Capital outlay 1,065 1,078 1,077 1 Total expenditures 16,722 18,102 14,561 3,541 Excess (deficiency) of revenues
over (under) expenditures (789) (802) 4,381 5,183 Other financing uses:

Transfers out - - (313) (313) Changes in fund balance for budgeted activities (789) (802) 4,068 4,870 Fund balance, beginning of year for budgeted activities 45,871 45,871 45,871 - Fund balance, end of year for budgeted activities 45,082$ 45,069$ 49,939 4,870$ Change in fund balance for Transportation and
Development Special Revenue Fund activities
for which annual budgets are not adopted (27)
Fund balance, beginning of year for non-budgeted
activities 8,676
Fund balance, end of year 58,588$
(in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2022
Transportation and Development Special Revenue Fund
138
- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Charges for services 1,701$ 1,701$ 2,153$ 452$
Interest, rents and concessions 1,003 1,003 1,148 145
Contributions and donations 45 45 92 47
Total revenues 2,749 2,749 3,393 644
Expenditures:

Current:

Convention and cultural services 1,420 1,439 1,789 (350) Capital outlay 774 821 174 647
Debt service:

Principal 902 902 449 453
Interest and fiscal charges 1,039 1,039 1,001 38
Total expenditures 4,135 4,201 3,413 788
Deficiency of revenues
under expenditures (1,386) (1,452) (20) 1,432
Other financing sources:

Transfers in 628 628 591 (37)
Changes in fund balance (758) (824) 571 1,395
Fund balance, beginning of year 132 132 132 - Fund balance (deficit), end of year (626)
$
(692)$ 703$ 1,395$
(in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2022
Culture and Leisure Special Revenue Fund
139
- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 658 $ 754 $ 490 $ (264) $ Interest, rents and concessions 23 23 99 76 Community service fees - - 60 60 Total revenues 681 777 649 (128) Expenditures:

Current:

Youth, parks, and community enrichment 1,475 1,571 1,498 73 Deficiency of revenues under expenditures (794) (794) (849) (55) Other financing sources:

Transfers in - 501 501 - Changes in fund balance for budgeted activities (794) (293) (348) (55) Fund balance, beginning of year for budgeted activities 321 321 321 - Fund balance (deficit), end of year for budgeted activities (473)$ 28 $ (27) (55) $ Change in fund balance for Parks and Recreation
(176)
Fund balance, beginning of year for non-budgeted
activities 8,497
Fund balance, end of year 8,294$
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, 2022
Parks and Recreation Special Revenue Fund
140
- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 1,127$ 6,127$ 2,357$
(3,770)$
Interest, rents and concessions - - 7 7
Total revenues 1,127 6,127 2,364 (3,763)
Expenditures:

Current:

General government 2,020 6,987 4,200 2,787
Debt service:

Principal - 5
2 52 -
I
nterest and fiscal charges - 1 1 -
T
otal expenditures - 1 4
,253 -
E
xcess (deficiency) of revenues
over (under) expenditures 1,127 6,126 (1,889) (3,763)
Other financing sources:

Transfers in - - 486 486
Changes in fund balance 1,127 6,126 (1,403) (3,277)
Fund balance, beginning of year 1,482 1,482 1,482 -
Fund balance, end of year 2,609$ 7,608$ 79
$ (3,
277)$
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, 2022
(in thousands)
141
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 - $
-$
171$
171$

Assessment levies 50,911 52,671 55,828 3,157
Total revenues 50,911 52,671 55,999 3,328
Expenditures:

Current:

General government 10,402 10,773 11,344 (571)
Public works 17,399 17,516 16,577 939
Convention and cultural services 3,635 4,178 6,473 (2,295) Youth, parks, and community enrichment 10,132 10,194 7,752 2,442 Community development 330 240 137 103
Library 8,775 8,775 8,777 (2)
Utilities 679 679 278 401
Capital outlay 5,086 5,106 1,613 3,493
Total expenditures 56,438 57,461 52,951 4,510
Excess (deficiency) of revenues
over (under) expenditures (5,527) (4,790) 3,048 7,838 Other financing sources (uses):

Transfers in 442 442 442 -
Transfers out (2,741) (2,744) (2,741) 3
Total other financing sources (uses) (2,299) (2,302) (2,299) 3 (7,826) (7,092) 749 7,841
Fund balance, beginning of year 19,913 19,913 19,913 - Fund balance, end of year 12,087$
12,821$
20,662$
7,841$

Changes in fund balance
Budgeted Amounts
City of Sacramento
For the Fiscal Year Ended June 30, 2022
(in thousands)
Special Districts Special Revenue Fund
142
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 188 $ 188 $ 207 $ 19 $ Interest, rents, and concessions - - 7 7 Total revenues 188 188 214 26 Fund balance, beginning of year 876 876 876 - Fund balance, end of year 1,064$ 1,064$ 1,090$ 26$ Budgeted Amounts
City of Sacramento
For the Fiscal Year Ended June 30, 2022
(in thousands)
Cal EPA Special Revenue Fund
143

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144

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:

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.

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145
City of Sacramento
Other Debt Service Funds
Combining Balance Sheet
June 30, 2022
(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 1,317 $ - $ 1,984$
Cash and investments held by fiscal agent - 1 1
Receivables, net:

Accounts 7 - -
Intergovernmental 9,856 1,947 -
Leases 2,970 - -
Interest 26 - -
Restricted assets:

Cash and investments held by fiscal agent 3,925 - -
Total assets 18,101$ 1,948$ 1,985$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCE S
Liabilities:

Deposits - $ -$ -$
Deferred inflows of resources:

Unavailable revenue 9,856 1,947 -
Leases 2,930 - -
Total deferred inflows of resources 12,786 1,947 -
Fund balances:

Nonspendable:

Leases 40 - -
Restricted:

Debt service 3,925 - -
Committed:

Debt service 1,350 1 -
Assigned:

Debt service - - 1,985
Total fund balances 5,315 1 1,985
Total liabilities, deferred inflows of resources
and fund balances 18,101$ 1,948$ 1,985$

146
City of Sacramento
Other Debt Service Funds
Combining Balance Sheet
June 30, 2022
(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$ 3,302$
Cash and investments held by fiscal agent - - 2
Receivables, net:

Accounts - - 7
Intergovernmental - - 11,803
Leases - - 2,970
Interest - - 26
Restricted assets:

Cash and investments held by fiscal agent 1,160 - 5,085 Total assets 1,160$ 1$ 23,195$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCE S
Liabilities:

Deposits 428 $ -$ 428$
Deferred inflows of resources:

Unavailable revenue - - 11,803
Leases - - 2,930
Total deferred inflows of resources - - 14,733
Fund balances:

Nonspendable:

Leases - - 40
Restricted:

Debt service 732 - 4,657
Committed:

Debt service - - 1,351
Assigned:

Debt service - 1 1,986
Total fund balances 732 1 8,034
Total liabilities, deferred inflows of resources
and fund balances 1,160$ 1$ 23,195$

147
City of Sacramento
Other Debt Service Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2022
(in thousands)
2006 2006 2015
Series B Series E Refunding
Revenue Revenue Revenue
Bond Fund Bond Fund Bond Fund
Revenues:

Intergovernmental 445$ 1$ -$
Interest, rents, and concessions 442 103 16
Total revenues 887 104 16
Expenditures:

Debt service:

Principal 1,575 1,760 6,265
Interest and fiscal charges 2,366 4,040 3,369
Total expenditures 3,941 5,800 9,634
Excess (deficiency) of revenues
over (under) expenditures (3,054) (5,696) (9,618)
Other financing sources:

Transfers in 2,435 5,697 9,633
Changes in fund balances (619) 1 15
Fund balances, beginning of year 5,934 - 1,970
Fund balances, end of year 5,315$ 1$ 1,985$

148
City of Sacramento
Other Debt Service Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2022
(in thousands)
2016 Total
SPFA Other Debt
Lease Financing Other City Service
Fund Debt Fund Funds
Revenues:

Intergovernmental -$
-$
446$

Interest, rents, and concessions 1,164 - 1,725
Total revenues 1,164 - 2,171
Expenditures:

Debt service:

Principal 490 - 10,090
Interest and fiscal charges 183 - 9,958
Total expenditures 673 - 20,048
Excess (deficiency) of revenues
over (under) expenditures 491 - (17,877)
Other financing sources:

Transfers in - - 17,765
Changes in fund balances 491 - (112)
Fund balances, beginning of year 241 1 8,146
Fund balances, end of year 732
$
1$
8,034$

149

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150

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 assets.

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 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 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 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.

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151
City of Sacramento
Other Capital Projects Funds
Combining Balance Sheet
June 30, 2022
(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 -$ 92,982$ -$ -$
Receivables, net:

Accounts - 976 - 485
Intergovernmental - 2,835 - 10,283
Interest - 84 - -
Restricted assets:

Cash and investments held by City 30 - 152 32
Total assets 30$ 96,877$ 152$ 10,800$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable - $ 1,366$ -$ 2,391$
Due to other funds - - - 1,657
Unearned revenue - 83 - 1,655
Total liabilities - 1,449 - 5,703
Deferred inflows of resources:

Unavailable revenue - 993 - 8,986
Fund balances:

Restricted:

Capital projects 30 94,480 152 5,097
Other programs - - - -
Unassigned - (45) - (8,986)
Total fund balances (deficit) 30 94,435 152 (3,889)
Total liabilities, deferred inflows of resources
and fund balances 30$ 96,877$ 152$ 10,800$

152
City of Sacramento
Other Capital Projects Funds
Combining Balance Sheet
June 30, 2022
(in thousands)
Total
Financing Special Economic Other
Plans Districts Development Capital Projects
Fund Fund Fund Funds
ASSETS
Cash and investments held by City 88,832$ 14,502$ -$ 196,316$ Receivables, net:

Accounts 11,027 - - 12,488 Intergovernmental - - - 13,118 Interest 79 - - 163 Restricted assets: -
Cash and investments held by City - - 10,722 10,936 Total assets 99,938$ 14,502$ 10,722$ 233,021$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 754 $ - $ 282 $ 4,793 $ Due to other funds - - - 1,657 Unearned revenue 1,830 - - 3,568 Total liabilities 2,584 - 282 10,018 Deferred inflows of resources:

Unavailable revenue 7,298 - - 17,277 Fund balances:

Restricted:

Capital projects 89,151 14,502 10,440 213,852 Other programs 905 - - 905 Unassigned - - - (9,031) Total fund balances (deficit) 90,056 14,502 10,440 205,726 Total liabilities, deferred inflows of resources
and fund balances 99,938$ 14,502 $ 10,722 $ 233,021 $

153
City of Sacramento
Other Capital Projects Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2022
(in thousands)
Crocker
General Fund Transportation Art Museum Capital
Capital Projects and Development Expansion Grants
Fund Fund Fund Fund
Revenues:

Taxes -$ 3,066$ -$ -$
Intergovernmental - 28,895 - 16,495
Charges for services - 260 - -
Interest, rents, and concessions 1 (1,057) 1 23
Community service fees - - - -
Assessment levies - - - -
Contributions and donations - - - 2,856
Miscellaneous - - - -
Total revenues 1 31,164 1 19,374
Expenditures:

Current:

General government - - - -
Public works - 8,055 - -
Youth, parks, and community enrichment - - - -
Community development - - - -
Capital outlay 76 9,718 - 18,101
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total expenditures 76 17,773 - 18,101
Excess (deficiency) of revenues over
(under) expenditures (75) 13,391 1 1,273
Other financing sources (uses):

Transfers in - 159 - -
Transfers out -
- - (23)
Issuance of long-term debt - - - -
Total other financing sources (uses) - 159 - (23)
Changes in fund balances (75) 13,550 1 1,250
Fund balances (deficit) , beginning of year 105 80,885 151 (5,139) Fund balances (deficit) , end of year 30$ 94,435$ 152$ (3,889)$

154
City of Sacramento
Other Capital Projects Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2022
(in thousands)
Total
Financing Special Economic Other
Plans Districts Development Capital Projects
Fund Fund Fund Funds
Revenues:

Taxes -$ -$ -$ 3,066$ Intergovernmental - - - 45,390 Charges for services - - - 260 Interest, rents, and concessions (959) 131 78 (1,782) Community service fees 24,512 - - 24,512 Assessment levies 28 21 - 49 Contributions and donations - 3,005 - 5,861 Miscellaneous 11,890 - - 11,890 Total revenues 35,471 3,157 78 89,246 Expenditures:

Current:

General government - - 630 630 Public works 81 - - 8,136 Youth, parks, and community enrichment 737 - - 737 Community development 8,963 393 - 9,356 Capital outlay 53,973 12,647 854 95,369 Debt service: -
Principal 18,992 - - 18,992 Interest and fiscal charges 20 - - 20 Total expenditures 82,766 13,040 1,484 133,240 Excess (deficiency) of revenues over
(under) expenditures (47,295) (9,883) (1,406) (43,994) Other financing sources (uses):

Transfers in -
- - 159
Transfers out (1,419) - - (1,442) Issuance of long-term debt 51,914 - - 51,914 Total other financing sources (uses) 50,495 - - 50,631 Changes in fund balances 3,200 (9,883) (1,406) 6,637 Fund balances (deficit) , beginning of year 86,856 24,385 11,846 199,089 Fund balances (deficit) , end of year 90,056$ 14,502$ 10,440$ 205,726$

155

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156

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.

City of Sacramento
Permanent Funds
Combining Balance Sheet
June 30, 2022
(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 1,190$ 3,568 $ 1,811 $ 47 $ 6,616 $ Receivables, net:

Interest 3 10 2 - 15 Total assets 1,193 $ 3,578 $ 1,813 $ 47 $ 6,631 $

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable - $ - $ 5 $ - $ 5 $ Fund balances:

Nonspendable:

Permanent fund principal 272 278 25 3 578 Restricted:

Other programs 921 3,300 1,783 44 6,048 Total fund balances 1,193 3,578 1,808 47 6,626 Total liabilities and fund balances 1,193$ 3,578 $ 1,813 $ 47 $ 6,631 $

157
City of Sacramento
Permanent Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2022
(in thousands)
Bertha George Clark Total
Ann Land Henschel Scholarship Alice Mille r Permanent
Fund Fund Fund Fund Funds
Revenues:

Interest, rents, and concessions 15$ 46$ 63$ -$ 124$ Expenditures:

Current:

General governmen
t 38 116 24 - 178 Changes in fund balances (23) (70) 39 - (54) Fund balances, beginning of year 1,216 3,648 1,769 47 6,680 Fund balances, end of year 1,193 $ 3,578 $ 1,808 $ 47 $ 6,626 $ 158

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.

4 th R CHILD DEVELOPMENT FUND is used to account for a program that provides school age childcare services at various locations throughout the City.

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159
City of Sacramento
Other Enterprise Funds
Combining Statement of Net Position
June 30, 2022
(in thousands)
Total
4th R Other
Parking Child Development Enterprise
Fund Fund Funds
ASSETS
Current assets:

Cash and investments held by City 22,960$ 1,927$ 24,887$ Receivables, net:

Accounts 548 166 714
Leases 262 - 262
Interest 41 - 41
Prepaid items 12 - 12
Intangible asset, current portion - 8 8
Total current assets 23,823 2,101 25,924
Noncurrent assets:

Leases receivable 8,042 - 8,042
Intangible assets - 104 104
Capital assets:

Land 5,825 - 5,825
Buildings and improvements 61,896 1,642 63,538
Machinery and equipment 6,235 - 6,235
Construction in progress 5,966 - 5,966
Software 32 - 32
Leased land 1,978 - 1,978
Less: accumulated depreciation/amortization (44,025) (1,393) (45,418) Total noncurrent assets 45,949 353 46,302
Total assets 69,772 2,454 72,226

DEFERRED OUTFLOWS OF RESOURCES
Pensions 749 552 1,301
OPEB 215 80 295
Total deferred outflows of resources 964 632 1,596

160
City of Sacramento
Other Enterprise Funds
Combining Statement of Net Position
June 30, 2022
(in thousands)
Total
4th R Other
Parking Ch
ild Development Enterprise
Fund Fund Funds

LIABILITIES
Current liabilities:

Accounts payable 2,207
31 2,238
A
ccrued payroll 94 223
317
A
ccrued compensated absences 18 24 42
Interest payable 41 - 41
Deposits 502
- 502
Unearned revenue
219
143
362
A
ccrued claims and judgments 9 6 15
Lease liabilities 108
- 108
Revenue and ot
her bonds payable, net 1,191
- 1,191
To
tal current liabilities 4,389
427
4,816
N
oncurrent liabilities:

Accrued compensated absences 456
349
805
N
et OPEB liability 1,368
(8) 1,360
Leas
e liabilities 1,762
- 1,762
Revenue and ot
her bonds payable, net 9,808
- 9,808
Net
pension liability 3,541
3,688
7,229
Tot
al noncurrent liabilities 16,935
4,029
20,964
To
tal liabilities 21,324 4
,456 2
5,780
DE

FERRED INFLOWS OF RESOURCES
Gain on debt refundings 170 - 1 70
P
ensions 1,702 1
,273 2
,975
O
PEB 934 2
42 1
,176
Leas
es 7,966 - 7
,966
T
otal deferred inflows of resources 10,772 1
,515 1
2,287
N

ET POSITION
Net investment in capital assets 24,474 2 49 2 4,723
Unres
tricted 14,166 (3,
134) 11,032
T
otal net position (deficit) 38,640$ (2,
885)$ 35,755$

161

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162
City of Sacramento
Other Enterprise Funds
Combining Statement of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2022
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Operating revenues:

Charges for services:

User fees and charges 13,049 $ 4,325 $ 17,374 $ Rents and concessions 875 15 890 Miscellaneous 53 16 69 Total operating revenues 13,977 4,356 18,333 Operating expenses:

Employee services 3,447 4,513 7,960 Services and supplies 5,368 1,037 6,405 Depreciation/amortization 1,494 72 1,566 Claims and judgments 29 4 33 Total operating expenses 10,338 5,626 15,964 Operating income (loss) 3,639 (1,270) 2,369 Nonoperating revenues (expenses):

Interest and investment revenue 296 17 313 Revenue from other agencies - 123 123 Interest expense (337) - (337) Total nonoperating revenues (expenses) (41) 140 99 Income (loss) before transfers 3,598 (1,130) 2,468 Transfers in 10,448 10 10,458 Transfers out (10,988) - (10,988) Changes in net position 3,058 (1,120) 1,938 Total net position (deficit), beginning of year 35,582 (1,765) 33,817 Total net position (deficit), end of year 38,640 $ (2,885) $ 35,755 $ 163
City of Sacramento
Other Enterprise Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Cash flows from operating activities:

Receipts from customers and users 13,469 $ 4,245 $ 17,714$
Payments to suppliers (5,067) (1,023)
(6,090)
Payments to employees (4,162) (4,771)
(8,933)
Claims and judgments paid (21) (3)
(24)
Net cash provided by (used for) operating activities 4,219 (1,552) 2,667
Cash flows from noncapital financing activities:

Transfers in from other funds 10,448 10
10,458
Transfers out to other funds (1,488) -
(1,488)
Intergovernmental revenue received - 123
123
Net c
ash provided by noncapital financing activities 8,960 133 9,093 Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (1,051) (96) (1,147)
Principal payments on capital debt (990) -
(990)
Interest payments on capital debt (486) -
(486)
Principal payments on lease liabilities (108) -
(108)
Interest payments on lease liabilities (28) -
(28)
Transfers out to other funds (9,500) -
(9,500)
Receipts from leases 201
-
201
Collec
tion of interest from leases 84
-
84 Net c
ash used for capital and related financing activities (11,878) (96) (11,974)
Cash flows from investing activities:

Collection of interest and investment revenue 171
17 188
Net inc
rease (decrease) in cash and cash equivalents 1,472 (1,498) (26)
Cash and cash equivalents, beginning of year 21,488 3,425 24,913
Cash and cash equivalents, end of year 22,960$ 1,927$ 24,887$

164
City of Sacramento
Other Enterprise Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Reconciliation of operating income (loss) to net cash
provided by (used for) operating activities:

Operating income (loss) 3,639 $ (1,270) $ 2,369 $ Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation/amortization expense 1,494 63 1,557 Amortization of intangible assets - 9 9 Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net 124 (118) 6 Prepaid items - 1 1 Accounts payable 301 13 314 Accrued payroll 2 97 99 Accrued compensated absences 94 104 198 Accrued claims and judgments 8 1 9 Deposits (32) - (32) Unearned revenue (61) 7 (54) Net pension liability and related deferred outflows/inflows of resources (508) (345) (853) Net OPEB liability and related deferred outflows/inflows of resources (303) (114) (417) Deferred inflows related to leases (539) - (539) Net cash provided by (used for) operating activities 4,219 $ (1,552) $ 2,667 $ Noncash investing, capital and financing activities:

Amortization of bond premium and discount 151 $ - $ 151 $ Amortization of bond gain on refunding 24 - 24 Capital asset acquisitions on accounts payable 394 - 394

165

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166

WATER FUND

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167
City of Sacramento
Water Fund
June 30, 2022
(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 - $ 189,894$ -$ -$ -$ Receivables, net:

Accounts 551 19,228 - - -
Intergovernmental - - 462 - -
Leases - 66 - - -
Interest - 752 - - -
Due from other funds - 1,279 - - -
Inventories - 1,163 - - -
Prepaid items - 219 - - -
Total current assets 551 212,601 462 - -
Noncurrent assets:

Restricted assets:

Cash and investments held by City 45,964 21,191 - - -
Cash and investments held by fiscal agent - 602 - 2,848 - Leases receivable - 822 - - -
Capital assets:

Land 1,729 1,170 - - -
Buildings and improvements 820 53,654 559 94,403 -
Machinery and equipment 680 23,818 641 77,305 8,624
Transmission and distribution systems 3,429 643,576 3,354 97,906 53,775 Construction in progress 19,711 22,465 2,534 7,836 614 Software - 3
,491 - - -
Easement - 134 - - -
Leased equipment - 184 - - -
Less: accumulated depreciation/amortization (478) (337,996) (1,498) (18,810) (4,686) Total noncurrent assets 71,855 433,111 5,590 261,488 58,327 Total assets 72,406 645,712 6,052 261,488 58,327

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt - 3,605 - - -
Pensions - 6,468 - - -
OPEB - 1,022 - - -
Total deferred outflows of resources - 11,095 - - -
Combining Schedule of Net Position

168
ASSETS
Current assets:

Cash and investments held by City
Receivables, net:

Accounts
Intergovernmental
Leases
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
Leases receivable
Capital assets:

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

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt
Pensions
OPEB
Total deferred outflows of resources
City of Sacramento
Water Fund
Combining Schedule of Net Position
June 30, 2022
(in thousands)
Drinking Water 2020 Water Total
SRF Loan Revenue Refunding Water
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 189,894$
- - - 19,779
- - - 462
- - - 66
- - - 752
- - (1,279) -
- - - 1,163
- - - 219
- - (1,279) 212,335
- - - 67,155
- - - 3,450
- - - 822
- - - 2,899
15,947 - - 165,383
3,259 - - 114,327
115,813 - - 917,853
3,963 - - 57,123
- - - 3,491
- - - 134
- - - 1 84
(5,
646) - - (369,114)
133,336 - - 963,707
133,336 - (1,279) 1,176,042
- 3,960 - 7,565
- - - 6,468
- - - 1,022
- 3,960 - 15,055
(continued)

169
City of Sacramento
Water Fund
June 30, 2022
(in thousands)
Development Grant 2013 Water 2017 Water
Impact Fee User Fee Projects Revenue Bonds Revenue Bonds Fund Fund Fund Fund Fund
Combining Schedule of Net Position

LIABILITIES
Current liabilities:

Accounts payable 116 4,478 55 - -
Due to other funds - - 387 - -
Accrued payroll - 922 - - -
Accrued compensated absences - 260 - - -
Interest payable - 454 - 261 814
Deposits - 5 - - -
Unearned revenue 561 1,869 20 - -
Accrued claims and judgments - 77 - - -
Revenue and other bonds payable, net - 7,035 - 5,833 1,290 Notes payable - 495 - - -
Total current liabilities 677 15,595 462 6,094 2,104 Noncurrent liabilities:

Accrued compensated absences - 3,594 - - -
Water fee credits 12 180 - - -
Net OPEB liability - 10,290 - - -
Revenue and other bonds payable, net - 92,101 - 11,792 56,474 Notes payable - 5,369 - - -
Net pension liability - 24,533 - - -
Total no
ncurrent liabilities 12 136,067 - 11,792 56,474
Total liabilities 689 151,662 462 17,886 58,578

DEFERRED INFLOWS OF RESOURCES
Pensions - 14,375 - - -
OPEB - 5,587 - - -
Leases - 854 - - -
Total deferred inflows of resources - 20,816 - - -

NET POSITION
Net investment in capital assets 25,775 310,139 5,590 245,851 563 Restricted for:

Capital projects 45,942 - - - -
Unrestricted - 174,190 - (2,249) (814)
Total net position (deficit) 71,717$ 484,329$ 5,590$ 243,602$ (251)$ (continued)

170
City of Sacramento
Water Fund
Combining Schedule of Net Position
June 30, 2022
(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
Pensions
OPEB
Leases
Total deferred inflows of resources

NET POSITION
Net investment in capital assets
Restricted for:

Capital projects
Unrestricted
Total net position (deficit)
Drinking Water 2020 Water Total
SRF Loan Revenue Refunding Water
Fund Bonds Fund Eliminations Fund
74 - - 4,723
892 - (1,279) -
- - - 922
- - - 260
- 1,648 - 3,177
- - - 5
- - - 2,450
- - - 77
- 2,050 - 16,208
2,942 - - 3,437
3,908 3,698 (1,279) 31,259
- - - 3,594
- - - 192
- - - 10,290
- 181,435 - 341,802
132,466 - - 137,835
- - - 24,533
132,466 181,435 - 518,246
136,374 185,133 (1,279) 549,505
- - - 14,375
- - - 5 ,587
- - - 85
4 - - - 20,816
(2,146) (179,525) - 406,247
- - - 45,942
(892) (1,648) - 168,587
(3,038)$ (181,173)$ -$ 620,776$

171
City of Sacramento
Water Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2022
(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 -$ 136,493$ -$ -$ -$
Rent and concessions - 60 - - -
Miscellaneous - 60 - - -
Total operating revenues - 136,613 - - -
Operating expenses:

Employee services - 35,291 2 - -
Services and supplies - 24,635 56 - -
Depreciation/amortization 148 17,874 203 5,221 1,097
Claims and judgments - 33 - - -
Total operating expenses 148 77,833 261 5,221 1,097
Operating income (loss) (148) 58,780 (261) (5,221) (1,097) Nonoperating revenues (expenses):

Interest and investment revenue (loss) 327 (13,716) - (16) - Revenue from other agencies - 64 488 - -
Interest expense - (4,816) - (54) (2,120)
Amortization of bond prepaid insurance - (23) - - -
Total nonoperating revenues (expenses) 327 (18,491) 488 (70) (2,120) Income (loss) before capital contributions and transfers 179 40,289 227 (5,291) (3,217) Capital contr
ibutions 4,374 2,682 - - -
Transfers in - 117 - 5,717 3,379
Transfers out - (41,731) - - -
Changes in net position 4,553 1,357 227 426 162
Total net position (deficit), beginning of year 67,164 482,972 5,363 243,176 (413) Total net position (deficit), end of year 71,717$ 484,329$ 5,590$ 243,602$ (251)$

172
City of Sacramento
Water Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2022
(in thousands)
Operating revenues:

Charges for services:

User fees and charges
Rent and concessions
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 (loss)
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
-$ -$ -$ 136,493$
- - - 60
- - - 60
- - - 136,613
- - - 35,293
- - - 24,691
2,641 - - 27,184
- - - 33
2,641 - - 87,201
-
(2,641) - - 49,412
(198) - - (13,603)
- - - 552
(2,185) (5,147) - (14,322)
- - - (23)
(2,383) (5,147) - (27,396)
(5,024) (5,147) - 22,016
- - - 7,056
10,563 6,976 (26,635) 117
- - 26,635 (15,096)
5,539 1,829 - 14,093
(8,577) (183,002) - 606,683
(3
,038)$ (181,173)$ -$ 620,776$

173
City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
Development Grant 2013 Water 2017 Water
Impact Fee User Fee Projects Revenue Bonds Revenue Bonds Fund Fund Fund Fund Fund
Cash flows from operating activities:

Receipts from customers and users -$ 139,
475$ -$ -$ -$
P
ayments to suppliers - (24,573) (
61) - -
Payments to employees - (40,880) (2) - -
Claims and judgments paid - (40) - - - Net cash provided by (used for) operating activities - 73,982 ( 63) - -
Cash flows from noncapital financing activities:

Interfund cash flow loans - (1,279) 3
87 - -
T
ransfers in from other funds - 117 - - -
T
ransfers out to other funds - (14,576) - - -
I
nterfund loan repayments - 24,151 (302) - -
Intergovernmental revenue received - 64 360 - - Net
cash provided by (used for) noncapital
financing activities - 8,477 4
45 - -
Cas
h flows from capital and related financing activities:

Acquisition and construction of capital assets (2,352) (5, 297) (382) (4,
276) (609)
P
roceeds from issuance of debt
Principal payments on capital debt (7,197) - (4,
815) (915)
I
nterest payments on capital debt - (5,140) - (901) (2,
464)
P
rincipal payments on lease liabilities - (61) - - -
Transfers in from other funds - - - 5,717 3
,379
Trans
fers out to other funds - (27,155) - - -
Capi
tal contributions received 4,699 4
8 - - -
Rec
eipts from leases - 27 - - -
Col
lection of interest from leases - 5 - - -
Net cash provided by (used for) capital and
related financing activities 2,347 (44,
770) (382) (4,
275) (609)
Cas
h flows from investing activities:

Collection (loss) of interest and investment revenue 327 (13, 818) - (
16) -
Net increase (decrease) in cash and cash equivalents 2,674 2 3,871 - (4,
291) (609)
Cas
h and cash equivalents, beginning of year 43,290 187,
816 - 7
,139 6
09 Cas
h and cash equivalents, end of year 45,964$ 211,
687$ -$ 2,848$ -$
R
econciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City -$ 189,
894$ -$ -$ -$
Res
tricted cash and investments held by City 45,964 2
1,191 - - -
Res
tricted cash and investments held by fiscal agent - 602 - 2 ,848 -
T
otal cash and cash equivalents, end of year 45,964$ 211, 687$ -$ 2,848$ -$
174

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(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
Principal payments on lease liabilities
Transfers in from other funds
Transfers out to other funds
Capital contributions received
Receipts from leases
Collection of interest from leases
Net cash provided by (used for) capital and
related financing activities
Cash flows from investing activities:

Collection (loss) 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 Schedule 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
Drinking Water 2020 Water Total
SRF Loan Revenue Refunding Water
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 139,
475$
- - - (24,
634)
- - - (40,
882)
- - - (
40)
- - - 73,919
892 - - -
- - - 1
17 - - - (14,
576)
(23,
849) - - -
- - - 4
24 (22,
957) - - (14,
035)
(4,
088) - - (17,
004)
22,
646 2
2,646
(2,
933) (2,
015) - (17,
875)
(3,
033) (4,
961) - (16,
499)
- - - (
61)
10,563 6
,976 (26,
635) -
- - 2
6,635 (520)
- - - 4
,747
- - - 2
7 - - - 5
23,155 - - (24,
534)
(198) - - (13,
705)
- - - 2
1,645
- - - 238,
854
-$ -$ -$ 260,
499$
-$ -$ -$ 189,
894$
- - - 6
7,155
- - - 3
,450
-$ -$ -$ 260,
499$
(continued)
175

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
Development Grant 2013 Water 2017 Water
Impact Fee User Fee Projects Revenue Bonds Revenue Bonds Fund Fund Fund Fund Fund
Reconciliation of operating income (loss) to net
cash provided by (used for) operating activities:

Operating income (loss) (148)$ 5
8,780$ (261)$ (5,
221)$ (1,
097)$
A
djustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation/amortization expense 148 1
7,585 2
03 5
,221 1
,097
A
mortization of intangible assets - 289 - - -
Changes
in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net 3,492 - - -
I
nventories (391) - - -
Prepaid items (6) - - -
Accounts payable 459 (
5) - -
Accrued payroll (66) - - -
Accrued compensated absences 404 - - - A
ccrued claims and judgments (7) - - -
Deposits (1) - - -
Unearned revenue (535) - - -
Water fee credits (34) - - -
Net pension liability and related deferred outflows/inflows of resources - (4,484) - - - N
et OPEB liability and related deferred outflows/inflows of resources - (1,443) - - - Deferred inf
lows related to leases (60) - - -
Net cash provided by (used for) operating activities -$ 73,982$ ( 63)$ -$ -$
Noncash investing, capital and financing activities:

Contributions of capital assets -$ 2,634$ -$ -$ -$
A
mortization of bond premium and discount - 624 - 7
67 3
29 A
mortization of bond loss on refunding - (328) - - -
Amortization of bond prepaid insurance - (23) - - -
Capital asset acquisitions on accounts payable 116 1
,116 4
8 - -
(continued)
176

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(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
Prepaid items
Accounts payable
Accrued payroll
Accrued compensated absences
Accrued claims and judgments
Deposits
Unearned revenue
Water fee credits
Net pension liability and related deferred outflows/inflows of resources Net OPEB liability and related deferred outflows/inflows of resources Deferred inflows related to leases
Net cash provided by (used for) operating activities
Noncash investing, capital and financing activities:

Contributions of capital assets
Amortization of bond premium and discount
Amortization of bond loss 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
(2,641)$ -$ -$ 49,412$
2,
641
- - 26,895
-
- 289
- - - 3
,492
- - - (391)
- - - (
6)
- - - 454
- - - (
66)
- - - 404
- - - (
7)
- - - (1)
- - - (535)
- - - (
34)
- - - (4,484)
- - - (1,
443)
- - - (
60)
-$ -$ -$ 7
3,919$
-$ -$ -$ 2
,634$
- - - 1
,720
- 1
97 - (131)
- - - (2 3)
74 - - 1
,354
177

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178

WASTEWATER FUND

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179
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2022
(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 - $ 54,001$ -$ -$
Receivables, net:

Accounts 768 10,280 - -
Intergovernmental - - 434 -
Interest - 183 - -
Due from other funds - 434 - -
Inventories - 37 - -
Total current assets 768 64,935 434 -
Noncurrent assets:

Restricted assets:

Cash and investments held by City 5,339 1,174 - -
Cash and investments held by fiscal agent - - - 411
Capital assets:

Land - 1,138 - -
Buildings and improvements 20,339 42,057 127 12,041
Machinery and equipment - 5,233 146 301
Transmission and distribution systems 1,013 171,108 6,679 21,135 Construction in progress 2,224 846 - 364
Software - 604 - 97
Less: accumulated depreciation/amortization (388) (92,434) (319) (3,366) Total noncurrent assets 28,527 129,726 6,633 30,983
Total assets 29,295 194,661 7,067 30,983

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt - - - -
Pensions - 2,070 - -
OPEB - 390 - -
Total deferred outflows of resources - 2,460 - -

180
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2022
(in thousands)
ASSETS
Current assets:

Cash and investments held by City
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
Pensions
OPEB
Total deferred outflows of resources
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 54,001$
- - - 11,048
- - - 434
- - - 183
- - (434) -
- - - 37
- - (434) 65,703
2,612 - - 9,125
- - - 411
- - - 1,138
4,432 - - 78,996
140 - - 5,820
16,131 - - 216,066
5,833 - - 9,267
2,746 - - 3,447
(1,358) - - (97,865)
30,536 - - 226,405
30,536 - (434) 292,108
- 2,337 - 2,337
- - - 2,070
- - - 39 0
- 2,337 - 4,797
(continued)

181
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2022
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund

LIABILITIES
Current liabilities:

Accounts payable 1,512 12,679 - -
Due to other funds - - 434 -
Accrued payroll - 199 - -
Accrued compensated absences - 73 - -
Interest payable - - - 26
Accrued claims and judgments - 162 - -
Revenue and other bonds payable, net - - - 809
Total current liabilities 1,512 13,113 434 835
Noncurrent liabilities:

Accrued compensated absences - 959 - -
Wastewater fee credits 10,772 - - -
Net OPEB liability - 3,922 - -
Revenue and other bonds payable, net - - - 812
Net pension liability - 8,909 - -
Total noncurrent liabilities 10,772 13,790 - 812
Total liabilities 12,284 26,903 434 1,647

DEFERRED INFLOWS OF RESOURCES
Pensions - 4,274 - -
OPEB - 1,781 - -
Total deferred inflows of resources - 6,055 - -

NET POSITION
Net investment in capital assets 12,413 128,494 6,633 29,966 Unrestricted 4,598 35,669 - (630)
Total net position (deficit) 17,011$ 164,163$ 6,633$ 29,336$ (continued)

182
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2022
(in thousands)

LIABILITIES
Current liabilities:

Accounts payable
Due to other funds
Accrued payroll
Accrued compensated absences
Interest payable
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
Pensions
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
371 - - 14,562
- - (434) -
- - - 199
- - - 73
419 197 - 642
- - - 162
1,176 335 - 2,320
1,966 532 (434) 17,958
- - - 959
- - - 10,772
- - - 3,922
29,026 26,770 - 56,608
- - - 8,909
29,026 26,770 - 81,170
30,992 27,302 (434) 99,128
- - - 4,274
- - - 1,781
- - - 6,055
(37) (24,768) - 152,701
(419) (197) - 39,021
(456)$ (24, 965)$ -$ 191,722$

183
City of Sacramento
Wastewater Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2022
(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 -$ 43,141$ -$ -$
Charge to other agencies for contract services - 1,186 - - Total operating revenues - 44,327 - -
Operating expenses:

Employee services - 10,493 50 -
Services and supplies - 13,012 258 -
Depreciation/amortization 213 3,650 79 521
Claims and judgments - 150 - -
Total operating expenses 213 27,305 387 521
Operating income (loss) (213) 17,022 (387) (521)
Nonoperating revenues (expenses):

Interest and investment revenue (loss) 41 (3,393) - (2) Revenue from other agencies - 65 - -
Interest expense - - - (42)
Total nonoperating revenues (expenses) 41 (3,328) - (44) Income (loss) before capital contributions and transfers (172) 13,694 (387) (565) Capital contributions 2,497 1,187 306 -
Transfers in - 62 - 822
Transfers out - (8,630) - -
Changes in net position 2,325 6,313 (81) 257
Total net position (deficit), beginning of year 14,686 157,850 6,714 29,079 Total net positi
on (deficit), end of year 17,011$ 164,163$ 6,633$ 29,336$

184
City of Sacramento
Wastewater Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2022
(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 (loss)
Revenue from other agencies
Interest expense
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
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 43,141$
- - - 1,186
- - - 44,327
- - - 10,543
271 - - 13,541
416 - - 4,879
- - - 150
687 - - 29,113
(687) - - 15,214
16 - - (3,338)
- - - 65
(967) (706) - (1,715)
(951) (706) - (4,988)
(1,638) (706) - 10,226
3,990
2,117 926 (3,865) 62
3,865 (4,765)
479 220 - 9,513
(935) (25,185) - 182,209
(456)$ (24,965)$ -$ 191,722$

185
City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund
Cash flows from operating activities:

Receipts from customers and users -$ 46,218$ -$ -$
Payments to suppliers - (12,440) (258) -
Payments to employees - (12,178) (50) -
Claims and judgments paid - (118) - -
Net cash provided by (used for) operating activities - 21,482 (308) - Cash flows from noncapital financing activities:

Interfund cashflow loans - (434) 434 -
Transfers in from other funds - 62 - -
Transfers out to other funds - (4,719) - -
Interfund loan repayments - 293 (293) -
Intergovernmental revenue received - 65 - -
Net cash provided by (used for) noncapital financing activities - (4,733) 141 - Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (2,460) (6,617) 2 (252) Principal payments on capital debt - - - (725)
Interest payments on capital debt - - - (97)
Transfers in from other funds - - - 822
Transfers out to other funds - (3,911) - -
Capital contributions received 3,036 - 165 -
Loan repayments received - - - -
Cash reimbursement for fee credits (1,631) - - -
Net cash provided by (used for) capital and
related financing ac
tivities (1,055) (10,528) 167 (252)
Cash flows from investing activities:

Collection (loss) of interest and investment revenue 41 (3,378) - (2) Net increase (decrease) in cash and cash equivalents (1,014) 2,843 - (254) Cash and cash equivalents, beginning of year 6,353 52,332 - 665 Cash and cash equivalents, end of year 5,339$ 55,175$ -$ 411$ Reconciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City -$ 54,001$ -$ -$
Restricted cash and investments held by City 5,339 1,174 - - Restricted cash and investments held by fiscal agent - - - 411 Total cash and cash equivalents, end of year 5,339$ 55,175$ -$ 411$

186
City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(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 cashflow 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
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
Cash reimbursement for fee credits
Net cash provided by (used for) capital and
related financing activities
Cash flows from investing activities:

Collection (loss) 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 Schedule 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 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 46,218$
(
271) - - (12,969)
- - - (12,228)
- - - (118)
(271) - - 20,903
- - - -
- - - 62
- - - (4,719)
- - - -
- - - 65
- - - (4,592)
(9,620) - - (18,947)
(840) (335) - (1,900)
(1,277) (591) - (1,965)
2,117 926 (3,865) -
- - 3,865 (46)
- - - 3,201
- - - -
- - - (1,631)
(9,620) - - (21,288)
16 - - (3
,323)
(9,875) - - (8,300)
12,487 - - 71,837
2,612$ -$ -$ 63,537$
-$ -$ -$ 54,001$
2,612 - - 9,125
- - - 411
2,612$ -$ -$ 63,537$
(continued)

187
City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund
R
econciliation of operating income (loss) to net
cash provided by (used for) operating activities:

Operating income (loss) (213)$
17,022$
(387)$
(521)$
A
djustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation/amortization expense 213 3,596 79 502
Amortization of intangible assets - 54 - 19
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net - 1,891 - -
Inventories - 10 - -
Accounts payable - 562 - -
Accrued payroll - (42) - -
Accrued compensated absences - 151 - -
Accrued claims and judgments - 32 - -
Net pension liability and related deferred outflows/inflows of resources - (1,244) - - Net OPEB liability and related deferred outflows/inflows of resources - (550) - - Net cash provided by (used for) operating activities -$ 21,482$
(308)$
-$
N
oncash investing, capital and financing activities:

Contributions of capital assets -$
1,187$
-$
-$
A
mortization of bond premium and discount - - - 43
Amortization of bond loss on refunding - - - -
Capital asset acquisitions on accounts payable 3 58 - - Fee credit reimbursement accounts payable 1,509 - - -
(continued)

188
City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(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
Amortization of bond premium and discount
Amortization of bond loss on refunding
Capital asset acquisitions on accounts payable
Fee credit reimbursement accounts payable
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
(
687)$
-$
-$
15,214$
233
- - 4,623
183 - - 256
- - - 1,891
- - - 10
- - - 562
- - - (42)
- - - 151
- - - 32
- - - (1,244)
- - - (550)
(271)$ -$ -$ 20,903$
-$ -$ -$ 1,187$
296 - - 339
- - (
116) (116)
371 - - 432
- - - 1,509

189

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190

COMMUNITY CENTER FUND

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191
City of Sacramento
Community Center Fund
Combining Schedule of Net Position
June 30, 2022
(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 33,376 $ -$ -$ -$ 33,376$ Receivables, net:

Taxes 2,998 - - - 2,998
Accounts 419 - - - 419
Interest 126 - - - 126
Prepaid items 1 - - - 1
Total current assets 36,920 - - - 36,920
Noncurrent assets:

Restricted assets:

Cash and investments held by City - 9,360 2,327 907 12,594 Cash and investments held by fiscal agent 1,934 2,383 781 1,826 6,924 Capital assets:

Land 20,071 - - - 20,071
Buildings and improvements 113,040 - - - 113,040
Machinery and equipment 4,913 - - - 4,913
Construction in progress 6,255 291,214 17,732 48,754 363,955 Software 46 - - - 46
Less: accumulated depreciation/amortization (72,617) - - - (72,617) Total noncurrent assets 73,642 302,957 20,840 51,487 448,926 Total assets 110,562 302,957 20,840 51,487 485,846

DEFERRED OUTFLOWS OF RESOURCES
Pensions 1,229 - - - 1,229
OPEB 386 - - - 386
Total deferred outflows of resources 1,615 - - - 1,615

192
City of Sacramento
Community Center Fund
Combining Schedule of Net Position
June 30, 2022
(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

LIABILITIES
Current liabilities:

Accounts payable 3,264 2,086 - - 5,350
Due to other funds 250 - - - 250
Accrued payroll 194 - - - 194
Accrued compensated absences 41 - - - 41
Interest payable - 1,085 40 152 1,277
Unearned revenue 819 - - - 819
Accrued claims and judgments 5 - - - 5
Revenue and other bonds payable, net - 2,366 4,215 1,074 7,655 Total current liabilities 4,573 5,537 4,255 1,226 15,591 Noncurrent liabilities:

Accrued compensated absences 561 - - - 561
Advances from other funds 4,781 - - - 4,781
Net OPEB liability 193 - - - 193
Revenue and other bonds payable, net - 286,509 8,395 52,108 347,012 Net pension liability 6,120 - - - 6,120
Total noncurrent liabilities 11,655 286,509 8,395 52,108 358,667 Total liabilities 16,228 292,046 12,650 53,334 374,258

DEFERRED INFLOWS OF RESOURCES
Pensions 1,914 - - - 1,914
OPEB 917 - - - 917
Total deferred inflows of resources 2,831 - - - 2,831

NET POSITION
Net investment in capital assets 73,603 14,283 8,401 (803) 95,484 Unrestricted 19,515 (3,372) (211) (1,044) 14,888
Total net position (deficit) 93,118$ 10,911$ 8,190$ (1,847)$ 110,372$

193
City of Sacramento
Community Center Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2022
(in thousands)
2018 TOT
Revenue Bonds, 2018 TOT
Community Tax-Exempt Revenue Bonds,
Center Fund Fund Taxable Fund
Operating revenues:

Charges for services:

User fees and charges 2,837 $ -$ -$
Rents and concessions 7,303 - -
Total operating revenues 10,140 - -
Operating expenses:

Employee services 5,225 - -
Services and supplies 8,530 - -
Depreciation/amortization 1,384 - -
Total operating expenses 15,139 - -
Operating loss (4,999) - -
Nonoperating revenues (expenses):

Interest and investment revenue (loss) (2,433) 63 27
Transient occupancy taxes 26,843 - -
Interest expense (37) (11,973) (608)
Total nonoperating revenues (expenses) 24,373 (11,910) (581) Income (loss) before transfers 19,374 (11,910) (581)
Transfers in 6,720 15,468 5,080
Transfers out (23,178) - -
Changes in net position 2,916 3,558 4,499
Total net position (deficit), beginning of year 90,202 7,353 3,691 Total net position (deficit), end of year 93,118$ 10,911$ 8,190$

194
City of Sacramento
Community Center Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2022
(in thousands)
Operating revenues:

Charges for services:

User fees and charges
Rents and concessions
Total operating revenues
Operating expenses:

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

Interest and investment revenue (loss)
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
-$ -$ 2,837$
- - 7,303
- - 10,140
- - 5,225
- - 8,530
- - 1,384
- - 15,139
- - (4,999)
4 - (2,339)
- - 26,843
(1,699) - (14,317)
(1,695) - 10,187
(1,695) - 5,188
2,741 (20,548) 9,461
- 20,548 (2,630)
1,046 - 12,019
(2,893) - 98,353
(1,847)$ -$ 110,372$

195
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(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 9,990 $ -$
-$
P
ayments to suppliers (6,971)
-
-
P
ayments to employees (6,256) - -
Net
cash used for operating activities (3,237) - -
Cas
h flows from noncapital financing activities:

Transient occupancy taxes 26,522 - -
T
ransfers in from other funds 6,720 - -
T
ransfers out to other funds (2,630) - -
I
nterfund loan repayments (250) - -
Net
cash provided by noncapital financing activities 30,362 - - Cash flows from capital and related financing activities:

Acquisition and construction of capital assets 317 (
19,532) (
13,206)
P
rincipal payments on capital debt - (
1,200) (
4,070)
I
nterest payments on capital debt - (
13,078) (
620)
T
ransfers in from other funds - 1
5,468 5
,080
T
ransfers out to other funds (20,548) - -
Net
cash used for capital and related financing activities (20,231) ( 18,342) (
12,816)
Cas
h flows from investing activities:

Collection (loss) of interest and investment revenue (2,357) 6 3 2
7 Net
increase (decrease) in cash and cash equivalents 4,537 (18,279) ( 12,789)
Cas
h and cash equivalents, beginning of year 30,773 30,022 1 5,897
Cas
h and cash equivalents, end of year 35,310$ 11,743$ 3
,108$
Rec
onciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City 33,376$ -$ -$
Res
tricted cash and investments held by City - 9
,360 2
,327
Res
tricted cash and investments held by fiscal agent 1,934 2,383 7 81 T
otal cash and cash equivalents, end of year 35,310$ 11,743$ 3 ,108$

196
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
Cash flows from operating activities:

Receipts from customers and users
Payments to suppliers
Payments to employees
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 (loss) 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 Schedule 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 C
ommunity
Bonds Fund Eliminations Center Fund
-$
-$ 9
,990$
- - (
6,971)
- - (
6,256)
- - (
3,237)
- - 2
6,522
- - 6
,720
- - (
2,630)
- - (
250)
- - 30,
362
- - (
32,421)
(
880) - (
6,150)
(
1,861) - (
15,559)
2,
741 (
20,548) 2
,741
- 2
0,548 -
- - (
51,389)
4 - (
2,263)
4 - (
26,527)
2,
729 - 7
9,421
2,733$ -$ 5
2,894$
-$ -$ 3
3,376$
907 - 1
2,594
1,826 - 6
,924
2,733$ -$ 5
2,894$
(continued)

197
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
2018 TOT
Revenue Bonds, 2018 TOT
Community Tax-Exempt Revenue Bonds,
Center Fund Fund T axable Fund
Rec
onciliation of operating loss to net
cash used for operating activities:

Operating loss (4,999)$
-$
-$
A
djustments to reconcile operating loss to
net cash used for operating activities:

Depreciation/amortization expense 1,384 - -
Changes
in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net (418) - -
P
repaid items (1) - -
A
ccounts payable 1,560 - -
A
ccrued payroll 84 - -
A
ccrued compensated absences 183 - -
Unear
ned revenue 268 - -
Net
pension liability and related deferred outflows/inflows of resources (753) - - Net
OPEB liability and related deferred outflows/inflows of resources (545) - - Net
cash used for operating activities (3,237)$ -$ -$
Nonc
ash investing, capital and financing activities:

Amortization of bond premium and discount -$ 1
,100$ -$
Capit
al asset acquisitions on accounts payable 39 2
,086 -
(continued)

198
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
Rec
onciliation 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
Prepaid items
Accounts payable
Accrued payroll
Accrued compensated absences
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
C
ommunity
Bonds Fund Eliminations Center Fund
-$ -$ ( 4,999)$
- - 1
,384
- - (
418)
- - (
1)
- - 1
,560
- - 8
4 - - 1
83 - - 2
68 - - (
753)
- - (
545)
-$ -$ (
3,237)$
159$ -$ 1
,259$
- - 2
,125

199

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200

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.

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201
City of Sacramento
Internal Service Funds
Combining Statement of Net Position
June 30, 2022
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
ASSETS
Current assets:

Cash and investments held by City 21,727$ 111,353$ 133,080$ Cash and investments held by fiscal agent - 884 884
Receivables, net:

Accounts 39 5,135 5,174
Interest - 298 298
Due from other funds - 1,907 1,907
Prepaid items 4,695 222 4,917
Total current assets 26,461 119,799 146,260
Noncurrent assets:

Advances to other funds - 12,625 12,625
Capital assets:

Buildings and improvements 7,454 - 7,454
Machinery and equipment 543 - 543
Vehicles 204,106 - 204,106
Construction in progress 144 - 144
Software 256 - 256
Leased building - 35 35
Less: accumulated depreciation/amortization (119,136) (14) (119,150) Total noncurrent assets 93,367 12,646 106,013
Total assets 119,828 132,445 252,273

DEFERRED OUTFLOWS OF RESOURCES
Pensions 1,069 692 1,761
OPEB 307 131 438
Total deferred outflows of resources 1,376 823 2,199

202
City of Sacramento
Internal Service Funds
Combining Statement of Net Position
June 30, 2022
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds

LIABILITIES
Current liabilities:

Accounts payable 5,302 554 5,856
Accrued payroll 233 96 329
Accrued compensated absences 29 33 62
Interest payable 2 - 2
Unearned revenue - 228 228
Accrued claims and judgments 78 28,756 28,834
Lease liabilities - 14 14
Revenue and other bonds payable, net 411 - 411
Total current liabilities 6,055 29,681 35,736
Noncurrent liabilities:

Accrued compensated absences 755 488 1,243
Net OPEB liability 4,301 452 4,753
Accrued claims and judgments - 83,060 83,060
Lease liabilities - 8 8
Net pension liability 6,174 3,679 9,853
Total noncurrent liabilities 11,230 87,687 98,917
Total liabilities 17,285 117,368 134,653

DEFERRED INFLOWS OF RESOURCES
Pensions 3,113 1,723 4,836
OPEB 1,804 397 2,201
Total deferred inflows of resources 4,917 2,120 7,037

NET POSITION
Net investment in capital assets 90,591 - 90,591
Unrestricted 8,411 13,780 22,191
Total net position 99,002$ 13 ,780$ 112,782$

203

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204
City of Sacramento
Internal Service Funds
Combining Statement of Revenues, Expenses
and Changes in Net Position
For the Fiscal Year Ended June 30, 2022
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Operating revenues:

Charges for services:

User fees and charges 52,445 $

52,423$
104,868$
Miscellaneous 125 - 125
Total operating revenues 52,570 52,423 104,993
Operat
ing expenses:

Employee services 6,867 4,466 11,333
Services and supplies 26,536 7,375 33,911
Depreciation/amortization 15,288 14 15,302
Insurance premiums - 12,336 12,336
Claims and judgments 149 30,617 30,766
Total operating expenses 48,840 54,808 103,648
Operat
ing income (loss) 3,730 (2,385) 1,345
Nonoperating revenues (expenses):

Interest and investment revenue (loss) 155 (4,866) (4,711) Insurance and other claim recoveries - 2,374 2,374
Interest expense (16) - (16)
Gain on disposition of capital assets 151 - 151
Total nonoperating revenues (expenses) 290 (2,492) (2,202) Income (loss) before transfers 4,020 (4,877) (857)
Transfers in 21 - 21
Transfers out (1,071) - (1,071)
Changes in net position 2,970 (4,877) (1,907)
Total net position, beginning of year 96,032 18,657 114,689

T
otal net position, end of year 99,002$
13,780$
112,782$
205
City of Sacramento
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Cash flows from operating activities:

Receipts from interfund services provided 52,574$ 126,435$ 179,009$ Payments to suppliers (26,181) (93,627) (119,808)
Payments to employees (7,994) (5,104) (13,098)
Claims and judgments paid (114) (23,887) (24,001)
Net cash provided by operating activities 18,285 3,817 22,102 Cash flows from noncapital financing activities:

Transfers out to other funds (1,026) - (1,026)
Collections on interfund loans - 4,179 4,179
Loans made to other funds - (1,657) (1,657)
Net cash used for noncapital financing activities (1,026) 2,522 1,496 Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (19,148) - (19,148) Proceeds from sale of capital assets 870 - 870
Principal payments on capital debt - (13) (13)
Interest payments on capital debt (21) - (21)
Transfers in from other funds 21 - 21
Transfers out to other funds (45) - (45)
Net cash used for capital and related financing activities (18,323) (13) (18,336) Cash flows from investing activities:

Collection (loss) of interest and investment revenue 155 (4,908) (4,753) Net increase (decrease) in cash and cash equivalents (909) 1,418 509 Cash and cash equivalents, beginning of year 22,636 110,819 133,455 Cash and cash equivalents, end of year 21,727$ 112,237$ 133,964$ Reconciliation of cash and cash equivalents
to the Statement of Net Position:

Cash and investments held by City 21,727$ 111,353$ 133,080$ Cash and investments held by fiscal agent - 884 884
Total cash and cash equivalents, end of year 21,727$ 112,237$ 133,964$

206
City of Sacramento
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2022
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Reconciliation of operating income (loss) to net
cash provided by operating activities:

Operating income (loss) 3,730$ (2,385)$ 1,345$
Adjustments to reconcile operating income (loss) to net cash provided by operating activities:

Depreciation/amortization expense 15,288 14 15,302
Nonoperating claims and judgments - (2,676) (2,676)
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net 4 - 4
Prepaid items (1) 177 176
Accounts payable 356 (46) 310
Accrued payroll (5) (14) (19)
Accrued compensated absences 103 46 149
Accrued claims and judgments 35 9,406 9,441
Deposits - (5) (5)
Unearned revenue - (29) (29)
Net pension liability and related deferred outflows/inflows of resources (792) (486) (1,278) Net OPEB liability and related deferred outflows/inflows of resources (433) (185) (618) Net cash provided by operating activities 18,285$ 3,817$ 22,102$ Noncash investing, capital and financing activities:

Amortization of bond premium and discount 5$ -$ 5$
Increase in prepaid items for capital assets 1,347 - 1,347 Capital asset acquisitions on accounts payable 2,365 - 2,365

207

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208

OTHER CUSTODIAL FUNDS
Custodial funds account for assets held by the City as a custodian for individuals, private organizations, and other governments. The following custodial funds have been classified as other custodial funds:

INDIVIDUAL INVESTMENT ACCOUNTS FUND is us ed 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 assess ments, debt serv ice 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.

City of Sacramento
Other Custodial Funds
Combining Statement of Fiduciary Net Position
June 30, 2022
(in thousands)
Assessment Total
Individual Districts & Other
Investment Communit y Custodial
Accounts Facilities Districts Funds
ASSETS
Cash and investments held by City 141,823$ 13,605$ 155,428$ Cash and investments held by fiscal agent - 4,201 4,201 Receivables, net:

Interest 266 21 287
Special assessments - 316 316
Restricted assets:

Cash and investments held by City - 5,228 5,228
Cash and investments held by fiscal agent - 21,095 21,095 Total assets 142,089 44,466 186,555

LIABILITIES
Accounts payable - 46 46
Due to bondholders - 44,420 44,420
Total liabilities - 44,466 44,466

NET POSITION
Held for external pool participants 142,089$ -$ 142,089$ 209
City of Sacramento
Other Custodial Funds
Combining Statement of Changes in Fiduciary Net Position For the Fiscal Year Ended June 30, 2022
(in thousands)
Assessment Total
Individual Districts
& Other
Investment Community Custodial
Accounts Facilities
Districts Funds
Additions:

Deposits 6,579$
-$
6,579$

Special assessments - 26,038 26,038
Fines, forfeits, and penalties - 3 3
Investment income:

From investment activities:

Net depreciation in fair value of investments (6,477) (1,216) (7,693) Interest 1,208 - 1,208
Total investment loss (5,269) (1,216) (6,485)
Less investment expenses:

Banking, interest, and fiscal agent expenses - - -
Net loss from investment activities (5,269) (1,216) (6,485) Total additions 1,310 24,825 26,135
Deductions:

Withdrawals 29,008 - 29,008
Paid to bondholders - 23,496 23,496
Administrative expenses - 1,243 1,243
Developer reimbursements - 86 86
Total deductions 29,008 24,825 53,833
Changes in net position (27,698) - (27,698)
Net position, beginning of year 169,787 - 169,787
Net position, end of year 142,089$
-$
142,089$

210
Statistical
Section
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.
211
City of Sacramento
Net Position by Component (1) (2) (3) (4) (5) (6)
Last Ten Fiscal Years
(accrual basis accounting, in thousands)
2013 2014 2015 2016 2017
Governmental activities
Net investment in capital assets 1,369,377 $ 1,393,447 $ 1,445,139 $ 1,497,796 $ 1,296,493 $ Restricted for:

Capital projects 131,822 116,271 116,910 80,054 119,131 Debt service 641 652 665 1,203 872
Public works programs 16,756 16,462 19,027 20,521 18,866 Economic development programs 23,979 22,493 17,280 16,888 16,251 Ambulance services - - 1,085 1,085 -
Other programs 21,087 22,315 26,735 28,381 23,645 Trust and endowments:

Expendable 7,225 7,928 7,789 8,008 8,545
Nonexpendable 878 878 878 878 878
Unrestricted 1,837 30,170 (591,896) (581,697) (443,845) Total governmental activities net position 1,573,602$ 1,610,616$ 1,043,612$ 1,073,117$ 1,040,836$ Business-type activities
Net investment in capital assets 720,039$ 733,980$ 748,312$ 785,353$ 807,004$ Restricted for:

Capital projects 33,168 33,255 33,914 40,772 39,155 Debt service - - - - -
Other programs 349 1,215 1,730 2,203 2,607
Unrestricted 140,385 177,814 107,305 123,842 150,049 Total business-type activities net position 893,941$ 946,264$ 891,261$ 952,170$ 998,815$ Primary government
Net investment in capital assets 2,089,416$ 2,127,427$ 2,193,451$ 2,283,149$ 2,103,497$ Restricted for:

Capital projects 164,990 149,526 150,824 120,826 158,286 Debt service 641 652 665 1,203 872
Public works programs 16,756 16,462 19,027 20,521 18,866 Economic development programs 23,979 22,493 17,280 16,888 16,251 Ambulance services - - 1,085 1,085 -
Other programs 21,436 23,530 28,465 30,584 26,252 Trust and endowments:

Expendable 7,225 7,928 7,789 8,008 8,545
Nonexpendable 878 878 878 878 878
Unrestricted 142,222 207,984 (484,591) (457,855) (293,796) Total primary government net position 2,467,543$ 2,556,880$ 1,934,873$ 2,025,287$ 2,039,651$ 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. (6) GASB 87 was implemented in fiscal year 2022, and beginning net position has not been restated.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

212
City of Sacramento
Net Position by Component (1) (2) (3) (4) (5) (6)
Last Ten Fiscal Years
(accrual basis accounting, in thousands)
2018 2019 2020 2021 2022
Governmental activities
Net investment in capital assets 1,335,576$ 1,267,837$ 1,318,817$ 1,360,966$ 1,370,530$ Restricted for:

Capital projects 136,831 166,705 191,919 214,188 223,243 Debt service 606 686 537 401 907
Public works programs 24,750 27,792 29,972 29,598 35,497 Economic development programs 44,920 48,878 46,954 49,537 55,545 Ambulance services - - -
Other programs 26,786 39,380 60,466 61,142 67,600 Trust and endowments:

Expendable 8,656 9,197 8,547 9,934 10,249
Nonexpendable 878 878 878 878 578
Unrestricted (667,254) (606,222) (612,827) (596,900) (407,418) Total governmental activities net position 911,749$ 955,131$ 1,045,263$ 1,129,744$ 1,356,731$ Business-type activities
Net investment in capital assets 869,183$ 925,128$ 1,166,785$ 1,167,408$ 937,751$ Restricted for:
38,473 40,411 47,256 43,253 45,942 - - 401 - -
Capital projects
Debt service
Other programs 2,633 2,963 2,929 2,200 2,594
Unrestricted 124,001 138,742 (44,579) 1,279 268,651 Total business-type activities net position 1,034,290$ 1,107,244$ 1,172,792$ 1,214,140$ 1,254,938$ Primary government
Net investment in capital assets 2,204,759$ 2,192,965$ 2,485,602$ 2,528,374$ 2,308,281$ Restricted for:

Capital projects 175,304 207,116 239,175 257,441 269,185 Debt service 606 686 938 401 907
Public works programs 24,750 27,792 29,972 29,598 35,497 Economic development programs 44,920 48,878 46,954 49,537 55,545 Ambulance services - - - - -
Other programs 29,419 42,343 63,395 63,342 70,194 Trust and endowments:

Expendable 8,656 9,197 8,547 9,934 10,249
Nonexpendable 878 878 878 878 578
Unrestricted (543,253) (467,480) (657,406) (595,621) (138,767) Total primary government net position 1,946,039$ 2,062,375$ 2,218,055$ 2,343,884$ 2,611,669$ 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. (6) GASB 87 was implemented in fiscal year 2022, and beginning net position has not been restated.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year
213

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2013 2014 2015 2016 2017
Expenses
Governmental activities
General government 36,681 $ 41,190 $ 52,474 $ 59,037 $ 59,033 $ Police 157,432 157,248 166,797 164,750 176,955 Fire 117,451 125,461 127,561 137,859 146,693 Public works 126,636 103,632 103,088 121,184 106,328 General services (3) 15,343 13,807 15,619 - - Economic development (4) 10,468 17,080 11,075 13,049 13,397 Convention and cultural services 19,537 17,916 19,441 24,139 20,380 Youth, parks, and community enrichment 48,457 52,336 56,573 53,911 50,156 Community development 29,253 26,484 30,221 36,251 41,726 Community response (5) - - - - - Library 13,753 13,720 15,629 16,294 16,122 Interest on long-term debt 22,420 22,178 29,046 30,404 27,626 Total governmental activities expenses 597,431 591,052 627,524 656,878 658,416 Business-type activities
Water 68,643 66,627 69,428 73,150 80,176 Wastewater 22,776 25,673 25,432 25,348 29,075 Storm drainage 36,755 36,664 41,830 40,971 40,479 Solid waste 49,794 49,014 47,149 47,703 51,693 Community center 17,251 17,204 17,690 17,277 16,607 Parking 15,358 15,238 13,704 14,451 11,955 Child development 6,116 6,297 6,151 5,519 5,743 Total business-type activities expenses 216,693 216,717 221,384 224,419 235,728 Total primary government expenses 814,124$ 807,769$ 848,908$ 881,297$ 894,144$ 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 Economic Development function was reallocated to the General Government function in FY18. (5) The Department of Community Response was created in FY22.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year
214

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2018 2019 2020 2021 2022
Expenses
Governmental activities
General government 100,625 $ 116,282 $ 152,791 $ 259,529 $ 228,155 $ Police 199,746 203,303 233,686 233,883 214,867 Fire 160,216 169,819 179,626 191,814 165,526 Public works 122,340 132,958 125,025 115,565 116,113 General services (3) - - - - - Economic development (4) - - - - - Convention and cultural services 21,066 30,907 20,615 18,398 21,421 Youth, parks, and community enrichment 55,518 61,225 66,885 57,345 67,602 Community development 50,879 60,466 74,398 71,473 64,151 Community response (5) - - - - 10,703 Library 17,376 18,687 19,822 22,173 23,304 Interest on long-term debt 23,144 23,454 24,341 20,635 18,800 Total governmental activities expenses 750,910 817,101 897,189 990,815 930,642 Business-type activities
Water 87,745 99,029 104,542 102,538 101,546 Wastewater 28,251 33,059 32,461 32,436 30,828 Storm drainage 41,199 40,186 44,786 40,942 41,238 Solid waste 56,698 57,408 59,176 64,060 63,228 Community center 17,795 27,058 31,298 25,257 29,456 Parking 13,475 14,354 13,997 11,454 10,675 Child development 6,589 6,766 5,594 3,422 5,626 Total business-type activities expenses 251,752 277,860 291,854 280,109 282,597 Total primary government expenses 1,002,662$ 1,094,961$ 1,189,043$ 1,270,924$ 1,213,239$ 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 Economic Development function was reallocated to the General Government function in FY18. (5) The Department of Community Response was created in FY22.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year
215

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2013 2014 2015 2016 2017
Program Revenues
Governmental activities
Charge for services
General government 6,924 $ 7,270 $ 6,436 $ 7,103 $ 6,573 $ Police 9,693 10,804 11,583 11,022 13,068 Fire 24,288 26,155 32,264 31,204 30,897 Public works 28,321 30,337 32,840 37,179 42,897 General services (3) 3,175 1,756 1,251 - - Economic development (4) 8,685 8,205 7,659 7,889 9,140 Convention and cultural services 8,817 9,311 9,303 10,085 10,860 Youth, parks, and community enrichment 10,604 13,359 15,004 13,792 12,954 Community development 15,423 17,141 25,069 27,025 32,428 Library 33 59 29 - - Total charge for services 115,963 124,397 141,438 145,299 158,817 Operating grants and contributions 81,822 47,430 52,306 35,442 36,938 Capital grants and contributions 69,323 89,539 115,354 122,528 86,856 Total governmental activities
program revenues 267,108 261,366 309,098 303,269 282,611 Business-type activities
Charge for services
Water 88,754 94,382 100,523 98,533 108,867 Wastewater 25,134 28,493 32,223 31,532 34,311 Storm drainage 35,682 38,049 37,646 40,166 40,124 Solid waste 60,295 58,561 59,095 60,253 61,548 Community center 7,130 7,718 8,748 8,782 9,488 Parking 18,823 18,643 16,595 17,646 18,374 Child development 5,426 5,632 5,553 6,073 5,713 Total charge for services 241,244 251,478 260,383 262,985 278,425 O
perating grants and contributions 1,095 1,963 2,142 3,435 3,967 Capital grants and contributions 7,480 4,403 7,292 7,433 6,229 Total business-type activities
program revenues 249,819 257,844 269,817 273,853 288,621 Total primary government
program revenues 516,927$ 519,210$ 578,915$ 577,122$ 571,232$ Net (Expense) Revenue
Governmental activities (330,323)$ 261,366$ (318,426)$ (353,609)$ (375,805)$ Business-type activities 33,126 208,830 48,433 49,434 52,893 Total primary government net expenses (297,197)$ 470,196$ (269,993)$ (304,175)$ (322,912)$ 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 Economic Development function was reallocated to the General Government function in FY18.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year
216

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2018 2019 2020 2021 2022
Program Revenues
Governmental activities
Charge for services
General government 19,438 $ 22,908 $ 26,527 $ 28,247 $ 30,628 $ Police 12,586 14,550 13,490 10,468 12,626 Fire 42,898 42,866 44,851 46,867 54,968 Public works 50,159 52,901 50,216 43,245 55,885 General services (3) - - - - - Economic development (4) - - - - - Convention and cultural services 12,456 12,622 10,385 8,823 10,901 Youth, parks, and community enrichment 13,065 13,365 12,429 8,952 12,470 Community development 36,019 38,218 38,646 34,287 35,516 Library - - - - - Total charge for services 186,621 197,430 196,544 180,889 212,994 Operating grants and contributions 41,811 55,535 75,897 185,641 234,294 Capital grants and contributions 101,476 98,903 160,395 141,760 110,961 Total governmental activities
program revenues 329,908 351,868 432,836 508,290 558,249 Business-type activities
Charge for services
Water 119,379 127,868 142,041 144,070 136,613 Wastewater 37,596 42,275 44,562 43,829 44,327 Storm drainage 39,512 39,969 40,871 40,848 41,901 Solid waste 63,556 63,664 67,086 73,465 76,221 Community center 9,848 8,726 2,458 196 10,140 Parking 19,003 19,735 17,140 10,403 13,977 Child development 6,419 6,547 5,328 552 4,356 Total charge for services 295,313 308,784 319,486 313,363 327,535 O
perating grants and contributions 2,179 3,300 1,693 501 1,864 Capital grants and contributions 23,726 20,457 32,726 18,445 17,162 Total business-type activities
program revenues 321,218 332,541 353,905 332,309 346,561 Total primary government
program revenues 651,126$ 684,409$ 786,741$ 840,599$ 904,810$ Net (Expense) Revenue
Governmental activities (421,002)$ (465,233)$ (464,353)$ (482,525)$ (372,393)$ Business-type activities 69,466 54,681 62,051 52,200 63,964 Total primary government net expenses (351,536)$ (410,552)$ (402,302)$ (430,325)$ (308,429)$ 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 Economic Development function was reallocated to the General Government function in FY18.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year
217

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2013 2014 2015 2016 2017
General Revenues and Other
Changes in Net Position
Governmental activities
Taxes:

Property taxes 114,451 $ 122,477 $ 129,714 $ 138,354 $ 146,697 $ Utility user taxes 59,066 59,613 59,947 61,404 62,997 Other taxes 27,943 61,584 66,205 70,761 77,608 Sales taxes shared state revenue 52,300 56,575 58,476 67,983 81,296 In-lieu sales tax 16,113 16,823 16,632 14,387 - Investment earnings (loss) 10,101 10,136 8,769 11,328 9,178 Miscellaneous 9,749 8,853 11,060 12,954 14,221 Contributions to permanent fund 1 1 1 - - Gain (loss) on disposition of capital assets - 4,567 5,340 - (79,916) Special items 26,208 (2,500) - (8,830) - Transfers 19,002 28,571 32,148 14,773 31,443 Total governmental activities 334,934 366,700 388,292 383,114 343,524 Business-type activities
Taxes:

Other taxes 16,555 17,943 20,108 21,800 23,866 Investment earnings (loss) 1,299 3,294 1,567 4,428 1,292 Miscellaneous - 3 5 20 20 Gain (loss) on disposition of capital assets - - - - 17 Special items - 18,527 4,554 - - T
ransfers (19,002) (28,571) (32,148) (14,773) (31,443) Total business-type activities (1,148) 11,196 (5,914) 11,475 (6,248) Total primary government 333,786$ 377,896$ 382,378$ 394,589$ 337,276$ Change in Net Position
Governmental activities 4,611$ 366,700$ 69,866$ 29,505$ (32,281)$ Business-type activities 31,978 11,196 42,519 60,909 47,180 Total primary government 36,589$ 377,896$ 112,385$ 90,414$ 14,899$ 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
218

City of Sacramento
Changes in Net Position (1) (2)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2018 2019 2020 2021 2022
General Revenues and Other
Changes in Net Position
Governmental activities
Taxes:

Property taxes 156,710 $ 170,439 $ 184,142 $ 198,380 $ 211,331 $ Utility user taxes 62,989 60,128 60,039 62,164 65,461 Other taxes 83,981 105,997 148,998 171,808 193,912 Sales taxes shared state revenue 82,987 93,770 90,970 99,325 115,260 In-lieu sales tax - - - - - Investment earnings (loss) 5,593 20,923 19,646 4,618 (27,883) Miscellaneous 17,328 14,834 15,743 12,064 15,304 Contributions to permanent fund - - - - - Gain (loss) on disposition of capital assets - - - - - Special items - 7,000 - - - Transfers 34,525 35,524 34,947 18,647 25,995 Total governmental activities 444,113 508,615 554,485 567,006 599,380 Business-type activities
Taxes:

Other taxes 26,839 29,477 21,504 15,545 26,843 Investment earnings (loss) 1,013 20,020 16,940 5 (24,014) Miscellaneous 37 - - - - Gain (loss) on disposition of capital assets 424 1,747 - 27 - Special items - 2,553 - - - T
ransfers (34,525) (35,524) (34,947) (18,647) (25,995) Total business-type activities (6,212) 18,273 3,497 (3,070) (23,166) Total primary government 437,901$ 526,888$ 557,982$ 563,936$ 576,214$ Change in Net Position
Governmental activities 23,111$ 43,382$ 90,132$ 84,481$ 226,987$ Business-type activities 63,254 72,954 65,548 49,130 40,798 Total primary government 86,365$ 116,336$ 155,680$ 133,611$ 267,785$ 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
219

City of Sacramento
Fund Balances, Governmental Funds (1)
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
2013 2014 2015 2016 2017
General Fund
Nonspendable:

Prepaid items 24$ 66$ 7$ 2$ 12$
Leas
es - - - - -
D
ue from other funds - - - - 3,800
N
oncurrent assets 48 - 4 - -
Re
stricted:

Capital projects - 3,401 2,562 1,860 - Am
bulance service - - 1,085 1,085 - Other
programs 40 21 7 17 17
Co
mmitted:

Economic uncertainty 27,765 33,714 38,967 46,950 49,644 Capital projects 21,789 21,728 32,987 37,526 49,265 Community center theater renovation 8,500 8,500 8,500 8,500 - H
ousing trust fund - - - - -
B Str
eet Theater project - - 2,500 - -
F
ire programs - - 4,420 5,720 1,386 Pens
ion - - - - -
OPEB 2,000 - 6,717 6,752 5,324
Set-
aside for FY23 Budget - - - - -
SC
XEA labor for FY2020 - - - - -
H
omeless programs - 1,000 750 250 -
Gas tax - - - - 2,087
Other
programs 9,347 12,909 8,860 13,953 19,280 As
signed:

Unrealized investment gains - 173 50 732 -
N
ext year's budget 10,446 - - - -
U
nassigned - 17,395 16,028 26,649 24,739 T
otal general fund 79,959$ 98,907$ 123,444$ 149,996$ 155,554$ All Other Governmental Funds
Nonspendable:

Prepaid items 44$ 24$ 24$ -
$ - $
Leases - - - - -
N
oncurrent assets 530 451 369 283 193
Per
manent fund principal 878 878 878 878 878
Re
stricted:

Capital projects 135,069 126,262 124,790 138,562 149,664 Debt service 17,472 17,548 20,218 51,691 58,904 Public works programs 13,781 11,830 - 14,522 13,152 Am
bulance service - - 13,842 - -
Ec
onomic development programs 23,970 22,484 17,271 16,887 41,548 Other
programs 31,115 29,924 27,029 27,793 28,818 Committed:

Economic uncertainty - - - - -
C
apital projects 3,666 4,024 3,355 7,017 9,359 Grant retention - 4,049 500 - -
D
ebt service 2,278 6,583 5,660 8,733 19,110 H
ousing trust fund - - - - -
B Str
eet Theater project - - 16,391 21,360 - Ec
onomic development programs - 5,125 - - -

OPEB - - - - -
Set-
aside for FY23 Budget - - - - -
Other
programs 6,266 25,486 50,001 51,024 56,715 Assigned:

Debt service 1,805 973 717 2,547 2,406 U
nrealized investment gains 100 47 15 40 -
Other
programs 3,758 4,047 2,344 60 - U
nassigned (29,711) (22,121) (26,554) (19,657) (18,037) Total all other governmental funds 211,021$ 237,614$ 256,850$ 321,740$ 362,710$ 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

220
City of Sacramento
Fund Balances, Governmental Funds (1)
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
2018 2019 2020 2021 2022
General Fund
Nonspendable:

Prepaid items 45$ -$ 1,279$ 1,084$ 1,767$ Leases - - - - 1,032
Due from other funds 3,800 - - - -
Noncurrent assets - - - - -
Restricted:

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

Economic uncertainty 52,700 55,200 55,200 58,499 61,310 Capital projects 37,583 39,995 57,689 57,417 50,410 Community center theater renovation - - - - -
Housing trust fund - - - - 1,000
B Street Theater project - - - - -
Fire programs 6,189 9,568 5,635 7,438 8,426 Pension 5,000 13,500 - - -
OPEB 2,619 6,644 4,264 6,828 5,727 Set-aside for FY23 Budget - - - 5,500 20,891 SCXEA labor for FY2020 - 4,256 - - -
Homeless programs - - - - -
Gas tax 2,087 2,087 - - -
Other programs 37,325 46,052 49,405 72,809 133,367 Assigned:

Unrealized investment gains - 381 1,960 103
Next year's budget - - - - -
Unassigned 25,021 32,923 50,007 30,315 44,080 Total general fund 172,369$ 210,606$ 225,439$ 239,993$ 328,010$ All Other Governmental Funds
Nonspendable:

Prepaid items -$ -$ 5,715$ 8,783$ 10,267$ Leases - - - - 40
Noncurrent assets 98 - - - -
Permanent fund principal 878 878 878 578 578
Restricted:

Capital projects 159,439 183,772 208,205 230,323 241,218 Debt service 28,539 28,119 27,884 22,722 21,629 Public works programs 18,857 22,071 23,618 21,141 21,293 Ambulance service - - - - -
Economic development programs 44,920 48,878 46,954 49,537 55,545 Other programs 35,025 48,003 63,026 60,517 65,955 Committed:
- - - 449 1,046
18,245 14,407 15,369 23,523 19,180 - - - - -
21,543 17,291 11,401 12,157 11,802 - - - 15,000 904
- - - - -
- - - - -
- - - - 290
- - - - 1,971
Economic uncertainty
Capital projects
Grant retention
Debt service
Housing trust fund
B Street Theater project
Economic development programs
OPEB
Set-aside for FY23 Budget
Other programs 40,683 48,473 62,167 55,672 86,392 Assigned:

Debt service 2,008 2,700 2,968 2,270 2,017 Unrealized investment gains - 51 675 51 -
Other programs 360 18 170 63 -
Unassigned (22,656) (18,503) (33,465) (32,460) (29,423) Total all other governmental funds 347,939$ 396,158$ 435,565$ 470,326$ 510,704$ 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

221
City of Sacramento
Changes in Fund Balances, Governmental Funds (1)
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
F
iscal
Year
2013 2014 2015 2016 2017
Revenues
Taxes 265,605 $ 320,832 $ 334,649 $ 365,482 $ 382,155 $ Intergovernmental 154,556 105,172 111,017 128,190 73,082 Ch
arges for services 66,369
71,889
86,061
89,765
105,446
Fines, forfeits and penalties 9,892
11,221
11,403
12,720
11,429
I
nterest, rents, and concessions 13,909
14,417
12,681
15,221
14,220
Com
munity service fees 7,136
4,693
7,869
16,460
29,740
As
sessment levies 37,621
38,668
41,884
43,475
44,339
Con
tributions and donations 14,269
43,018
45,177
35,820
33,637
M
iscellaneous 3,441
570 501 2,761
383
Total revenues 572,798 610,480 651,242 709,894 694,431 Expenditures
General government 22,712
26,170
28,491
34,197
41,413
Polic
e 138,779 138,653 149,448 152,245 159,572 Fire 99,630
107,538 110,585 119,814 127,970 Public works 34,995
34,706
35,502
42,194
45,457
G
eneral services (2) 10,306 9,564 10,058 - -
Convention and cultural services 9,804
10,481
10,978
11,738
12,838
Ec
onomic development (3) 10,221 12,418 10,797 9,871 13,270 You
th, parks, and community enrichment (4) 32,257 35,632 38,894 37,801 38,707 Com
munity development 23,568
23,902
26,819
34,110
40,499
C
ommunity response(5) - - - - -
Library 12,362
12,482
14,496
14,771
14,903
U
tilities 979 607 522 701 1,583
Cit
ywide and community support 33,105
36,965
37,216
47,961
48,435
Capit
al outlay 116,705 106,840 128,805 337,817 82,465 Debt
service
Principal 19,470
26,218
23,699
16,481
28,677
I
nterest and fiscal charges 22,949
22,772
33,493
24,822
28,555
B
ond issuance costs - - - 5,483
49 Subtotal - debt service 42,419
48,990
57,192
84,838
57,281
Tot
al Expenditures 587,842 604,948 659,803 928,058 684,393 Excess (deficiency) of revenues over
(under) expenditures (15,044) 5,532
(8,561) (218,164) 10,038
Ot
her financing sources (uses)
Transfers in 55,166
63,584
69,117
306,810 66,386
T
ransfers out (27,450) (34,527) (33,267) (270,358) (31,871) Issuance of long-term debt 2,837
6,050
3,984
401,943 1,976
Pr
emium on long-term debt - - - 13,972
-
Proceeds from sale of property - 4,902
12,500
- -
Payments to refunded bond escrow - - - ( 133,931) - Total other financing sources (uses) 30,553 4
0,009 5
2,334 318,
436 36,491
Speci
al items 31,208 - - (
8,830) -
Changes in fund balances 46,717$ 45,541$ 43,773$ 91,442$ 46,529$ Debt services as a percentage of
noncapital expenditures 8.35% 9.49% 10.46% 12.71% 9.27% 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 P
ublic Works in FY16.
(
3) The Economic Development function was reallocated to the General Government function in FY18. (
4) The Department of Parks and Recreation has been renamed to the Department of Youth, Parks, and Community Enrichment in FY19. (
5) The Department of Community Response was created in FY22.

Source: City of Sacramento Annual Comprehensive Financial Reports

222
City of Sacramento
Changes in Fund Balances, Governmental Funds (1)
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
F
iscal
Year
2018 2019 2020 2021 2022
Revenues
Taxes 406,
011$ 434,759$ 489,569$ 533,811$ 587,137$ Intergovernmental 80,415
97,658
114,274 237,428 292,186
Charges for services 121,368 131,609 131,135 120,468 133,686 Fines, forfeits and penalties 12,643
16,397
13,309
7,630
10,264
I
nterest, rents, and concessions 10,794
24,907
20,718
10,101
(17,897)
Community service fees 30,654
30,651
29,072
27,217
25,076
As
sessment levies 47,048
52,476
50,080
52,000
56,515
Con
tributions and donations 14,253
49,053
36,603
52,877
11,636
M
iscellaneous 731 718 974 1,250
12,543
Tot
al revenues 723,917 838,228 885,734 1,042,782 1,111,146 Expenditures
General government 72,772
85,272
117,640 222,591 170,394
Police 169,273 182,538 203,980 211,307 223,613 Fire 136,161 144,043 159,771 168,103 180,143 Public works 49,841
51,289
47,350
51,040
53,547
G
eneral services (2) - - - - -
Convention and cultural services 14,372
15,117
13,459
12,415
14,554
Ec
onomic development (3) - - - - -
Youth, parks, and community enrichment (4) 38,615 40,866 45,791 41,878 49,652 Com
munity development 45,787
54,342
67,128
68,404
64,395
C
ommunity response(5) - - - - 10,446
Libr
ary 16,421
17,732
18,867
21,218
22,349
U
tilities 2,034
2,495
3,555
3,882
4,137
Cit
ywide and community support 46,576
42,827
50,691
51,632
58,583
Capit
al outlay 90,397
79,175
103,790 130,426 156,249
Debt service
Principal 48,445
56,284
21,308
26,228
33,864
I
nterest and fiscal charges 24,529
24,818
24,501
21,661
19,784
B
ond issuance costs 1,415
116 1 - -
Subtotal - debt service 74,389
81,218
45,810
47,889
53,648
Tot
al Expenditures 756,638 796,914 877,832 1,030,785 1,061,710 Excess (deficiency) of revenues over
(under) expenditures (32,721) 41,314
7,902
11,997
49,436
Ot
her financing sources (uses)
Transfers in 70,558
69,931
74,660
106,614 86,090
T
ransfers out (35,801) (33,114) (37,657) (80,551) (59,045) Issuance of long-term debt 8 1,325
5,452
11,255
51,914
Pr
emium on long-term debt - - - - -
Proceeds from sale of property - - - - -
Payments to refunded bond escrow - - - - -
Tot
al other financing sources (uses) 34,765 3
8,142 4
2,455 3
7,318 7
8,959
Speci
al items - 7,000 3
,883 - -
Changes i
n fund balances 2,044$ 8
6,456$ 54,240$ 49,315$ 128,395$ Debt services as a percentage of
noncapital expenditures 10.61% 10.56% 5.70% 5.10% 5.49% 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 P
ublic Works in FY16.
(
3) The Economic Development function was reallocated to the General Government function in FY18. (
4) The Department of Parks and Recreation has been renamed to the Department of Youth, Parks, and Community Enrichment in FY19. (
5) The Department of Community Response was created in FY22.

Source: City of Sacramento Annual Comprehensive Financial Reports

223
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
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 2022 212,016 248,515 65,461 61,145 587,137 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
224
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
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 2022 60,043,995 1,951,987 9,069 62,005,051 444,556 61,560,495 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)
225
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 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
2022 1.0000 __ 0.1167 __ 1.1167
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 226
City of Sacramento
Principal Property Taxpayers
Current Fiscal Year and Nine Years Ago
(in thousands)
Percentage P ercentage
of Total of Total
Assessed Assessed Assessed Assessed
Taxpayer Valuation Rank Valuation Valuation Rank Valuation Sacramento Kings 320,347$ 1 0.52 % - - Oakmont Properties LLC 209,780 2 0.34 - - Hancock SREIT Sacramento LLC 200,809 3 0.33 - - Pac West Office Equities LP 191,766 4 0.31 - - M/H Realty Partners VI LP 186,407 5 0.30 - - Natomas Development Partners LLC 173,065 6 0.28 SRI Eleven 621 Capitol Mall LLC 169,240 7 0.27 - - Prime US-Park Tower LLC 167,215 8 0.27
Arden Fair Associates 154,832 9 0.25 134,668$ 4 0.38 % HP Hood LLC 153,717 10 0.25 78,083 1 0 0.22 Hines VAF II Sacramento - - 394,930 1

1.11 CIM Sacramento LLC - - 231,013 2

0.65 Verizon - - 152,482 3

0.43 621 Capitol Mall LLC - - 117,
394 5

0.33 300 Capitol Association NF LP - - 109,000 6

0.31 Comcast Sacramento - - 105,943 7

0.30 CLPF Promenade LP - - 83,028 8

0.23 Target Corp - - 80,789 9

0.23 1,927,178 3.12 1,487,330 4.19
All other taxpayers 59,633,317 96.88 34,007,481 95.81 Total 61,560,495$ 100.00 % 35,494,811$ 100.00 % Source: County of Sacramento, Office of Auditor/Controller 20132022
227
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
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% 2022 209,259 (2) (3) 207,443 99.13% 1,816 209,259 100.00% Notes: (1) Property taxes in 2013 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
228

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229
City of Sacramento
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(in thousands, except Population and Per Capita)
Total
Fiscal Revenue Notes
Revenue Notes Primary
Year Bonds Payable Leases (9) Bonds Payable Leases (9) Government 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 2022 459,996 16,702 1,643 794,212 143,211(8) 2,012 1,274,565 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)
(9)
NA Personal income data for the City was not available.

Source: City of Sacramento Annual Comprehensive Financial Reports 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 City's wastewater s
ystem.

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.

In 2022, GASB Statement No. 87 was im
plemented and the term Leases replaced the term Capital Leases.

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/FY22, and the City continues to draw on the SRF during the year to fund these projects.

230
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 Population Capita
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
2022 NA 518,037 2,460
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)
(9)
NA Personal income data for the City was not available.

Source: City of Sacramento Annual Comprehensive Financial Reports 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 City's wastewater s
ystem.

In 2022, GASB Statement No. 87 was implemented and the term Leases replaced the term Capital Leases.

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/FY22, and the City continues to draw on the SRF during the year to fund these projects.

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.

231
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
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 - 2022 - - - 61,560,495 0.00% 518,037 - Source: City of Sacramento Annual Comprehensive Financial Reports and the County of Sacramento.

Percentage of
Actual Taxable
Value of
Property
232
City of Sacramento
Direct and Overlapping Governmental Activities Debt (1) As of June 30, 2022
(in thousands)
Estimated
Total Share of
Governmental Unit Debt Overlapping
Outstanding Debt
Overlapping Tax and Assessment Debt:

Los Rios Community College District 495,095$ 26.894 % 133,151$ Elk Grove Unified School District 309,250 11.603 35,882 Natomas Unified School District 404,974 85.192 345,005 Sacramento Unified School District 488,648 85.057 415,629 San Juan Unified School District 752,169 2.871 21,595 Twin Rivers Unified School District:

Twin Rivers Unified School District (former Elementary School District bonds) 51,225 50.045 25,636 Twin Rivers Unified School District (former Grant Joint Union High School District bonds) 259,154 49.688 128,768 Robla School District 91,908 54.883 50,442 City of Sacramento Community Facilities Districts 207,935 100.000 207,935 Elk Grove Unified School District Community Facilities District No. 1 178,666 11.603 20,731 California Statewide Community Development Authority Assessment Districts 23,881 100.000 23,881 Sacramento Area Flood Control Agency Consolidated Capital Districts Assessment District 312,420 85.335 266,604 Sacramento Area Flood Control Agency Natomas Local Assessment District 30,970 82.936 25,685 Subtotal - Overlapping Tax and Assessment debt 1,700,944 Direct and Overlapping General Fund Debt:

Sacramento County General Fund Obligations 128,277 32.400 41,562 Sacramento County Pension Obligation Bonds 625,201 32.400 202,565 Sacramento County Board of Education General Fund Obligations 2,635 32.400 854 Elk Grove Unified School District General Fund Obligations 11,330 11.603 1,315 Sacramento Unified School District General Fund Obligations 55,030 85.057 46,807 Twin Rivers Unified School District Certificates of Participation 8,090 49.688 4,020 Arcade Creek Recreation and Park District General Fund Obligations 181 1.075 2 Fulton-El Camino Recreation and Park District General Fund Obligations 1,024 16.937 173 Subtotal - Direct and Overlapping General Fund Debt 297,298 Total Overlapping Debt 1,998,242
City of Sacramento Direct Debt 476,698
Total Direct and Overlapping Debt 2,474,940$
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 and 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. 233
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 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% 2022 61,560,495 9,234,074 - - - 9,234,074 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
234

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235
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
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 2022 136,613 60,017 76,596 11,161 10,667 3.51 Fiscal Year Gross Revenue
Less: Operating
Expenses (1)
Net Revenue Principal Interest Coverage
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
2022 44,327 24,234 20,093 1,900 (4) 1,965 5.20 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 Revenue Bonds, Series 2013 and 2019, and Wastewater Revenue Refunding Bonds, Series 2020.
(4) Wastewater portion of State Water Resources Control Board Notes Payable was paid off in FY21.

Source: City of Sacramento's internal financial documents.

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

236
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
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
2022 41,901 29,955 11,946 92 (6) 69 74.20
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
2022 26,843 - 26,843 5,270 13,698 1.42
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
2022 3,292 - 3,292 880 1,861 1.20
Notes: (1) Total operating expenses is exclusive of depreciation and amortization expense. (2)
Debt service requirements include California Infrastructure and Economic Development Bank Notes Payable. (3) Debt service requirements include 2018 TOT Revenue Bonds, Series A, B, and C. Therefore, only four years are shown. (4) Debt service requirements include 2019 STID Assessment Revenue Bonds. Therefore, only three years are shown. (5) Due to the classification of TOT and STID revenues as nonoperating revenues, no operating expenses reported above. (6) Storm Drainage portion of State Water Resources Control Board Notes Payable was paid off in FY21.

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)

237
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)
2013 1,445,806 N/A N/A N/A N/A 238,290 8.7 % 2014 1,454,406 N/A N/A N/A N/A 240,216 7.1 2015 1,470,912 64,638$ 43,944$ 34 N/A 241,022 5.8 2016 1,495,297 69,590 46,539 33 N/A 242,725 5.8 2017 1,514,770 72,894 48,122 34 N/A 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 2022 1,576,618 97,481 61,829 35 N/A 243,002 3.6 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) 238
City of Sacramento
Principal Employers
Current Fiscal Year and Nine Years Ago
Percentage Percentage
Employer (A) Employees (A) (1) Rank of Total Employees (A) (1) Rank of Total Employment (B) (2)
Employment (B)
State of California 82,894 1 11.86% 69,469 1 11.13%
UC Davis Health System 16,075 2 2.30% 9,985 3 1.60%
Kaiser Permanente 12,301 3 1.76% 5,696 8 0.91%
U.S. Government 10,698 4 1.53% 5,750 7 0.92%
Sutter Health 9,595 5 1.37% 6,507 4 1.04%
Dignity Health 7,488 6 1.07% 5,756 6 0.92%
Intel Corporation 6,013 7 0.86% 6,000 5 0.96%
San Juan Unified School District 5,126 8 0.73% 4,700 10 0.75% Los Rios Community College District 2,833 9 0.41% - - - California State University Sacramento 2,535 10 0.36% - - - Sacramento County - - - 10,634 2 1.70%
Elk Grove Unified School District - - - 5,535 9 0.89%
Notes: (1) Ranked by number of employees in full-time equivalents. (2) P
ercentage of total employment is calculated based on Sacramento County's total employment force of 699,000 per E
mployment Development Department website) in July 2022.

Sources: (A) Sacramento Business Journal, June 3, 2022. List of largest employers in Sacramento County. (B) Em
ployment Development Department, State of California.
20132022
239
PROJECT AREA 2013 2014 2015 2016 2017
Merged Downtown
Secured 2,366,130$ 2,300,993$ 2,344,213$ 2,461,341$ 2,682,975$ Unsecured 137,567 132,581 138,662 124,172 110,587 Utility 770 770 770 748 748
Total 2,504,467$ 2,434,344$ 2,483,645$ 2,586,261$ 2,794,310$ Del Paso Heights
Secured 276,998$ 289,856$ 311,285$ 317,886$ 338,354$ Unsecured 9,550 12,659 14,464 13,621 15,440 Utility 1 1 1 1 1
Total 286,549$ 302,516$ 325,750$ 331,508$ 353,795$ Alkali Flat
Secured 119,184$ 112,883$ 120,103$ 123,251$ 136,555$ Unsecured 4,982 3,224 3,504 2,963 2,996 Utility - - - - -
Total 124,166$ 116,107$ 123,607$ 126,214$ 139,551$ Oak Park
Secured 427,642$ 466,006$ 476,624$ 501,132$ 567,966$ Unsecured 9,898 9,763 9,483 24,938 27,750 Utility - - - - -
Total 437,540$ 475,769$ 486,107$ 526,070$ 595,716$ River District (formerly Richards Blvd)
Secured 396,061$ 375,825$ 403,
452$ 393,540$ 404,183$
Unsecured 33,655 29,486 35,352 37,314 34,732 Utility 4,779 4,779 4,779 2,591 2,591 Total 434,495$ 410,090$ 443,583$ 433,445$ 441,506$ North Sacramento
Secured 506,029$ 498,272$ 509,637$ 523,526$ 555,437$ Unsecured 39,802 36,413 40,115 36,778 36,563 Utility - - - - -
Total 545,831$ 534,685$ 549,752$ 560,304$ 592,000$ 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 Successor Agency Trust Fund
Assessed Value of Taxable Property (1) (2)
Last Ten Fiscal Years
City of Sacramento
(in thousands)
Fiscal Year

240
PROJECT AREA 2018 2019 2020 2021 2022
Merged Downtown
Secured 3,294,112$ 3,572,623$ 3,854,509$ 3,927,521$ 3,928,629$ Unsecured 131,439 147,725 169,620 169,037 170,979 Utility 748 696 7 7 7
Total 3,426,299$ 3,721,044$ 4,024,136$ 4,096,565$ 4,099,615$ Del Paso Heights
Secured 380,389$ 414,850$ 469,286$ 510,477$ 547,780$ Unsecured 14,149 21,771 23,390 28,109 28,417 Utility 1 1 - - -
Total 394,539$ 436,622$ 492,676$ 538,586$ 576,197$ Alkali Flat
Secured 158,376$ 198,843$ 228,034$ 250,906$ 256,211$ Unsecured 2,920 3,485 3,582 3,794 2,387 Utility - - - - -
Total 161,296$ 202,328$ 231,616$ 254,700$ 258,598$ Oak Park
Secured 610,203$ 686,458$ 787,243$ 831,901$ 892,936$ Unsecured 28,003 31,947 23,271 25,615 30,460 Utility - - - - -
Total 638,206$ 718,405$ 810,514$ 857,516$ 923,396$ River District (formerly Richards Blvd)
Secured 413,
627$ 444,699$ 474,858$ 535,733$ 570,395$ Unsecured 36,120 37,676 35,370 35,657 38,301 Utility 2,591 2,464 2,752 2,705 2,705 Total 452,338$ 484,839$ 512,980$ 574,095$ 611,401$ North Sacramento
Secured 556,306$ 605,147$ 681,316$ 743,818$ 824,135$ Unsecured 36,555 43,011 50,625 57,168 57,816 Utility - - 719 719 719
Total 592,861$ 648,158$ 732,660$ 801,705$ 882,670$ 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 Successor Agency Trust Fund
Assessed Value of Taxable Property (1) (2)
Last Ten Fiscal Years
City of Sacramento
(in thousands)
Fiscal Year

241
PROJECT AREA 2013 2014 2015 2016 2017
Franklin Boulevard
Secured 553,114$ 556,190$ 482,823$ 474,370$ 497,711$ Unsecured 39,862 37,903 32,000 31,565 35,431 Utility - - - - -
Total 592,976$ 594,093$ 514,823$ 505,935$ 533,142$ Stockton Boulevard
Secured 334,059$ 345,330$ 364,463$ 384,262$ 403,482$ Unsecured 17,101 17,293 17,731 16,742 15,941 Utility - - - - -
Total 351,160$ 362,623$ 382,194$ 401,004$ 419,423$ Army Depot
Secured 790,956$ 826,125$ 864,133$ 928,249$ 979,664$ Unsecured 116,489 149,382 139,964 110,209 106,652 Utility 943 943 943 1,072 1,072
Total 908,388$ 976,450$ 1,005,040$ 1,039,530$ 1,087,388$ 65th Street
Secured 229,458$ 228,785$ 231,632$ 243,684$ 276,299$ Unsecured 17,346 14,536 17,543 14,033 15,339 Utility - - - - -
Total 246,804$ 243,321$ 249,175$ 257,717$ 291,638$ Railyards
Secured 84,
191$ 80,200$ 75,245$ 68,288$ 62,600$ Unsecured 4,548 4,454 5,973 10,940 7,310 Utility 771 - - - -
Total 89,510$ 84,654$ 81,218$ 79,228$ 69,910$ 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 Fiscal Year
Successor Agency Trust Fund
Assessed Value of Taxable Property (1) (2)
Last Ten Fiscal Years
(in thousands)
City of Sacramento

242
PROJECT AREA 2018 2019 2020 2021 2022
Franklin Boulevard
Secured 544,375$ 578,295$ 608,313$ 643,432$ 672,091$ Unsecured 34,068 33,800 36,098 38,111 40,569 Utility - - - - -
Total 578,443$ 612,095$ 644,411$ 681,543$ 712,660$ Stockton Boulevard
Secured 442,555$ 471,634$ 510,666$ 556,549$ 592,937$ Unsecured 15,798 18,937 19,758 23,067 23,646 Utility - - - - -
Total 458,353$ 490,571$ 530,424$ 579,616$ 616,583$ Army Depot
Secured 1,052,144$ 1,130,114$ 1,302,802$ 1,391,639$ 1,475,193$ Unsecured 111,552 115,208 132,775 138,567 150,127 Utility 1,072 1,072 1,037 1,037 1,037 Total 1,164,768$ 1,246,394$ 1,436,614$ 1,531,243$ 1,626,357$ 65th Street
Secured 350,567$ 425,730$ 532,239$ 553,158$ 598,845$ Unsecured 17,768 22,692 22,321 25,276 37,486 Utility - - 94 94 94
Total 368,335$ 448,422$ 554,654$ 578,528$ 636,425$ Railyards
Secured 66,
406$ 67,471$ 71,495$ 104,469$ 109,005$ Unsecured 7,151 11,438 13,940 15,667 12,508 Utility - - - - -
Total 73,557$ 78,909$ 85,435$ 120,136$ 121,513$ 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 Fiscal Year
Successor Agency Trust Fund
Assessed Value of Taxable Property (1) (2)
Last Ten Fiscal Years
(in thousands)
City of Sacramento

243
City of Sacramento
Merged Downtown
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value CIM-J STREET SACRAMENTO 156,641 $ 76,938 $ (79,703) $ 9.43% GPT PROPERTIES 87,492 43,746 (43,746) 5.17% CIM-J STREET HOTEL SACTO LP 77,895 146 (77,749) 9.19% CIM-J STREET HOTEL SACTO LP 76,719 46 (76,673) 9.07% KAISER FOUNDATION HEALTH PLAN INCORPORATED 76,349 38,175 (38,174) 4.51% CIM-J STREET HOTEL SACTO 74,603 203 (74,400) 8.80% CIM-J STREET HOTEL SACTO LP 73,507 304 (73,203) 8.66% MNCVAD II OFC 770 L STATE CA LLC 46,777 23,389 (23,388) 2.77% MNCVAD II OFC 63 K STREET CA LLC 28,381 14,191 (14,190) 1.68%

MNCVAD II 630 K STREET CA LLC 28,090 14,045 (14,045) 1.66% Subtotal 726,454 211,183 (515,271) 60.94% All Other Taxpayers 119,148 44,150 (74,998) 8.87% Total 845,602 $ 255,333 $ (590,269) $ 69.80% 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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
244
City of Sacramento
Del Paso Heights
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value 4555 CARMICHAEL LLC 2,633 $ 1,711 $ (922) $ 34.01% ADT LLC 78 47 (31) 1% Subtotal 2,711 1,758 (953) 35.15% All Other Taxpayers - - - - Total 2,711 $ 1,758 $ (953) $ 35.15%

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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
245
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 2,166 $ 1,300 $ (866) $ 39.98% Subtotal 2,166 1,300 (866) 39.98% All Other Taxpayers - - - - Total 2,166$ 1,300 $ (866)$ 39.98% 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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
246
City of Sacramento
Oak Park
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value GREG BLUNDEN 262 $ 157 $ (105) $ 21.08% WALGREEN CO 123 84 (39) 7.83% WALGREENS 113 87 (26) 5.22% Subtotal 498 328 (170) 34.14% All Other Taxpayers - - - - Total 498 $ 328 $ (170) $ 34.14% 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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
247
City of Sacramento
River District
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value VITARAG HOSPITALITY INC 4,203 $ 2,000 $ (2,203) $ 35.98% RITZ/SCHOEFFLER INTERESTS 1,895 1,232 (663) 10.82% BARGOTH A MOHAMED 24 - (24) 0.39% Subtotal 6,122 3,232 (2,890) 47.21% All Other Taxpayers - - - - Total 6,122 $ 3,232 $ (2,890) $ 47.21% 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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
248
City of Sacramento
North Sacramento
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value SEVEN UP BOTTLING OF SAN FRANCISCO 40,286$ 20,301$ (19,985)$ 13.16% SEVEN UP BOTTLING COMPANY OF SAN FRANCISCO 31,316 14,831 (16,485) 10.85% WOODLAKE CARE GROUP 28,556 17,130 (11,426) 7.52% WOODLAKE CARE GROUP LLC 28,263 17,130 (11,133) 7.33% RECREATIONAL EQUIPMENT INC 7,590 3,795 (3,795) 2.50% SENT EXPO POINTE LLC 7,200 4,680 (2,520) 1.66% GROCERY OUTLET AS LESSEE 4,660 2,330 (2,330) 1.53% SAM ALKAKOS 3,720 2,418 (1,302) 0.86% WALGREENS 141 78 (63) 0.04% WALGREENS CO 136 81 (55) 0.04% Subtotal 151,868 82,774 (69,094) 45.50% All Other Taxpayers - - - - Total 151,868 $ 82,774$ (69,094)$ 45.50% 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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
249
City of Sacramento
Franklin Boulevard
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value SACRAMENTO CHILDRENS HOME 8,075 $ 4,037 $ (4,038) $ 16.28% MACY'S WEST STORES 5,748 1,947 (3,801) 15.32% MACY'S INC 3,544 2,199 (1,345) 5.42% OREILLY AUTO PARTS 2,541 1,270 (1,271) 5.12% OREILLY AUTO PARTS 2,515 1,257 (1,258) 5.07% CROWN ENTERPRISES INC 2,387 1,195 (1,192) 4.80% Subtotal 24,810 11,905 (12,905) 52% All Other Taxpayers - - - - Total 24,810 $ 11,905 $ (12,905) $ 52.02% 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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
250
City of Sacramento
Stockton Boulevard
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value DPI RETAIL LLC 16,124 $ 15,404 $ (720) $ 0.81% STOCKTON PLAZA PARTNERS 16,124 1,612 (14,512) 16.28% DPI RETAIL LLC 15,404 14,014 (1,390) 1.56% DPI RETAIL LLC 15,404 14,013 (1,391) 1.56% EKG INVESTORS LLC 4,160 3,000 (1,160) 1.30% EKG INVS LLC 3,713 2,900 (813) 0.91% EKG INVESTORS LLC 3,370 2,700 (670) 0.75% EKG INVESTORS LLC 2,930 2,000 (930) 1.04% EKG INVESTORS LLC 2,230 1,600 (630) 0.71% O'REILLY 1,829 915 (914) 1.03% Subtotal 63,056 45,043 (18,013) 20% All Other Taxpayers 26,065 16,090 (9,975) 11.19% Total 89,121 $ 61,133 $ (27,988) $ 31.40% 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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
251
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 1,200 $ 696 $ (504) $ 33.31% CATCH SOME AIR 313 1 (312) 20.62% Subtotal 1,513 697 (816) 53.93% All Other Taxpayers - - - - Total 1,513 $ 697 $ (816) $ 53.93% 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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
252
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 94,216 $ 47,108 $ (47,108) $ 6.77% GEM CROSSINGS LLC 93,250 78,108 (15,142) 2.18% GEM CROSSINGS LLC 93,250 78,108 (15,142) 2.18% SSC SACRAMENTO APARTMENTS LLC 76,126 38,063 (38,063) 5.47% SSC SACRAMENTO APARTMENTS LLC 75,346 37,493 (37,853) 5.44% ELEMENT DST NB 49,810 24,904 (24,906) 3.58% ELEMENT DST NB 49,299 24,649 (24,650) 3.54% ACADEMY ON 65TH STATE OWNER LLC 34,594 17,297 (17,297) 2.49% TARGET 28,859 948 (27,911) 4.01% TARGET 28,381 27,354 (1,027) 0.15% Subtotal 623,131 374,032 (249,099) 35.81% All Other Taxpayers 72,473 36,310 (36,163) 5.20% Total 695,604 $ 410,342 $ (285,262) $ 41.01% 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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
253
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) $ 18.03% SIMS METAL 3,455 1,727 (1,728) 13.79% MARQUEE MEDIA SOLUTIONS LLC 1,785 1,173 (612) 4.89% MARQUEE SACRAMENTO DIGITAL BILLBOARDS LLC 972 585 (387) 3.09% MARQUEE SACRAMENTO DIGITAL BILLBOARDS 930 585 (345) 2.75% MARQUEE SACRAMENTO DIGITAL BILLBOARDS LLC 868 586 (282) 2.25% Subtotal 12,528 6,915 (5,613) 44.80% All Other Taxpayers - - - - Total 12,528 $ 6,915 $ (5,613)$ 44.80% 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, 2022.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2022
254
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) 326,921$ 1 7.97% -$
-
Hancock SREIT Sacramento LLC 204,825 2 5.00% - - SRI Eleven 621 Capitol Mall LLC 172,625 3 4.21% - - Prime US-Park Tower LLC 170,596 4 4.16% - - 500 Capitol Mall LLC 151,953 5 3.71% 79,119 5 3.16% CA Sacramento Commons LLC 145,037 6 3.54% - - 300 Capitol Mall Investors LP 133,500 7 3.26% - - GSA Sacramento Newco LLC 115,974 8 2.83% - - PAC West Office Equities LP 114,311 9 2.79% - - Sacramento CA I FGF LLC 108,840 10 2.65% - - Hines Sacramento Wells Fargo Center - - 206,543 1 8.25% 621 Capitol Mall LLC - - 124,810 2 4.98%
300 Capitol Associates NF LP - - 109,000 3 4.35%
CIM/980 9th St Sacramento LP - - 98,534 4 3.93%
Capitol Regency LLC - - 73,992 6 2.95%
CIM/J Street Hotel Sacramento LP - - 73,882 7 2.95%
1325 J Street LLC - - 67,974 8 2.71%
1415 Meridian Plaza LLC/Valley View Investors - - 65,040 9 2.60% Sacramento Equities REIT - - 61,000 10 2.44%
Subtotal 1,644,582 40.12% 959,894 38.33% All Other Taxpayers 2,455,033 59.88% 1,544,573 61.67% Total 4,099,615$
100.00% 2,504,467$ 100.00%
Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2021-22 Project Area total taxable value.

Source: Sacramento County Assessor
2022 2013
City of Sacramento
Principal Property Taxpayers - Merged Downtown
Current Fiscal Year and Nine Years Ago
255
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 6,090$
1 1.06% 5,249$
2 1.83%
BM Ventures LLC 6,017 2 1.04% 5,186 3 1.81%
565 Display Way LLC 3,338 3 0.58% - -
John A/Leta K Nichols 1994 Rev Trust 3,207 4 0.56% 2,764 5 0.96% US Rentals Inc. 2,860 5 0.50% 2,465 6 0.86%
BM Ventures II LLC 2,692 6 0.47% - -
4555 Carmichael LLC 2,686 7 0.47% - -
Proffutt Limited Partnership 2,535 8 0.44% 2,141 8 0.75% Lenore Limited Partnership/Amy Unger/Lenore Wyatt 2,531 9 0.44% - - Reg Real Estate/Investments CA LLC 2,526 10 0.44% - - Greater Sacramento Urban League - - 6,084 1 2.12%
Woodhaven Senior Residences - - 4,428 4 1.55%
MD Partners Incorporated - - 2,447 7 0.85%
23002 Moulton Parkway LLC - - 1,770 9 0.62%
Lundbom Family Trust - - 1,540 10 0.54%
Subtotal 34,482 5.98% 34,074 11.89%
All Other Taxpayers 541,715 94.02% 252,475 88.11% Total 576,197$ 100.00% 286,549$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2021-22 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
2022 2013
256
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 Efren R Cota LTD 23,732$
1 9.18% -$
-
Hearst-Argyle Stations Inc. 19,237 2 7.44% 19,158 1 15.43% Robert Efren Cota Living Trust/Etal 13,950 3 5.39% - - 1000 G Street LLC 12,324 4 4.77% - -
1001 G State Rehabilitation Limited Partnership 3,123 5 1.21% - - 1220 E State LLC 3,123 6 1.21% - -
Tristar Stockton Properties LLC 2,680 7 1.04% - -
520-530 9th Street LLC 2,503 8 0.97% - -
Ng-Yu Trust 2,359 9 0.91% - -
Adamo John B/Diane G 2,209 10 0.85% - -
Crystal Cream/Butter Holdings, Inc. - - 5,814 2 4.68% Realty Advisors Inc - - 5,490 3 4.42%
City Park Apartment Homes - - 4,116 4 3.31%
John Dailey Trust/Charles D Deloney - - 1,950 5 1.57% GMA Investors LP - - 1,768 6 1.42%
700 E Street Building Partner - - 1,650 7 1.33%
Janet Fortino Loehr Separate Prop Trust/Etal - - 1,470 8 1.18% Tarpin Samuel D - - 1,462 9 1.18%
520 Ninth Street - - 1,450 10 1.17%
Subtotal 85,240 32.96% 44,328 35.70%
All Other Taxpayers 173,358 67.04% 79,838 64.30% Total 258,598$ 100.00% 124,166$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2021-22 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Alkali Flat
Current Fiscal Year and Nine Years Ago
2022 2013
257
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 Regents University CA (CY 4422Y LLC) 24,060$ 1 2.61% -$ - Rainbow Baking Co of Sac Valley (BBU INC) 13,612 2 1.47% 26,490 1 6.05% Christian Brothers High School of Sacramento Inc. 9,625 3 1.04% - - Great Chi Investment LLC 6,453 4 0.70% - - Broadway/Stockton Food Source Inv LLC 5,957 5 0.65% - - Crestwood-Medical Center Hospital 4,999 6 0.54% 4,319 5 0.99% Security Public Storage - Sacramento 4,357 7 0.47% 3,700 6 0.85% JJAJ Ventures LP/Ventures JJAJ 3,899 8 0.42% - - Edmar Invs LLC (Walgreens) 3,692 9 0.40% 3,182 8 0.73% Broadway Triangle LLC 3,582 10 0.39% - - Shriners Hospitals for Crippled Children - - 14,767 2 3.38% Regents of UC (Camellia Inn) - - 11,978 3 2.74% US Bank National Association - - 5,162 4 1.18% Donald/Virginia Compton Family Trust - - 3,270 7 0.75% John C Skinner 2001 Living Trust - - 1,811 9 0.41%

CK Burke LLC - - 1,392 10 0.32% Subtotal 80,236 8.69% 76,071 17.39% All Other Taxpayers 843,160 91.31% 361,469 82.61% Total 923,396$ 100.00% 437,540$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2021-22 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Oak Park
Current Fiscal Year and Nine Years Ago
2022 2013
258
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 California Almond Growers Exchange 108,738$
1 17.79% 67,643$ 1 15.57%
29SC T9 Phase A Property Owner LLC 44,472 2 7.27% - - Grove River District LLC 39,481 3 6.46% 34,024 2 7.83% Nome OES LLC 28,500 4 4.66% - -
AK Industrial II LLC 17,500 5 2.86% - -
Bercut-Railyard LLC 16,074 6 2.63% - -
29SC BC Holding Company LLC 10,608 7 1.74% - -
444 N3 9,109 8 1.49% - -
BRE/LQ Props LLC 9,039 9 1.48% 5,561 6 1.28%
1100 Richards LP/DMM Holdings LLC/ETAL 9,000 10 1.47% - - Mendell Allan/ETAL - - 13,054 3 3.00%
Capitol Station 665 LLC - - 9,414 4 2.17%
Dos Rios Venture - - 6,284 5 1.45%
BA Hotel LLC - - 5,517 7 1.27%
Vida N Anello Revocable Living Trust - - 5,244 8 1.21% Henderson Enterprise LP - - 5,203 9 1.20%
Detmer Family Limited Partnership - - 5,019 10 1.16%
Subtotal 292,521 47.84% 156,963 36.13%
All Other Taxpayers 318,880 52.16% 277,532 63.87% Total 611,401$ 100.00% 434,495$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2021-22 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - River District
Current Fiscal Year and Nine Years Ago
2022 2013
259
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 Roseville Life Properties 39,983$
1 4.53% -$
-
Woodlake Care Group LLC 29,127 2 3.30% - -
Price Company 25,035 3 2.84% 21,675 3 3.97%
Omninet Sacramento Jardinette LLC/ETAL 17,773 4 2.01% - - Sacramento CA I MG LLC 17,400 5 1.97% - -
Sacramento Healthcare Investors LP 16,754 6 1.90% - - Veyron/KDP US Leasing LLC 15,764 7 1.79% - -
CA Sacramento Self Storage LLC 15,336 8 1.74% - -
SSCA 1300 El Camino Ave LLC 9,569 8 1.08% - -
Recreational Equipment Inc. 7,741 10 0.88% 7,612 8 1.39% Seven Up Bottling Company of San Francisco 31,962 1 5.86% Westcore Delta LLC - - 24,758 2 4.54%
McCuen Acoma Street Investors 11,808 4 2.16%
North Sacramento Land Company - - 11,063 5 2.03%
Meriliz Incorporated - - 10,291 6 1.89%
Radiological Assoc of Sacto Medical Group - - 7,747 7 1.42% Sent Expo Pointe LLC - - 7,485 9 1.37%
2006 Tcherkoyan Family Trust - - 7,351 10 1.35%
Subtotal 194,482 22.03% 141,752 25.97%
All Other Taxpayers 688,188 77.97% 404,079 74.03% Total 882,670$ 100.00% 545,831$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2021-22 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - North Sacramento
Current Fiscal Year and Nine Years Ago
2022 2013
260
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 6200 Franklin LLC 21,601$
1 3.03% -$
-
3100 52nd Avenue LLC 17,860 2 2.51% - -
ESS CA-TIVS JV CA Reit Sub Limited Partnership 12,586 3 1.77% - - Hillside Apartments LLC 8,425 4 1.18% - -
Sacramento Children's Home (Garfield Beach CVS LLC) 8,236 5 1.16% - - Greystone Place Invs LLC 7,641 6 1.07% - -
ARB Invs 7,530 7 1.06% - -
Rosedown Associates LLC 6,878 8 0.97% 7,405 4 1.25%
ABF Freight System Inc. 5,851 9 0.82% 5,171 5 0.87%
Campus Plaza Associates 5,264 10 0.74% - -
Campbell Soup Supply Co LLC - - 130,895 1 22.07%
Western Village LP - - 9,555 2 1.61%
United States Cold Storage 9,377 3 1.58%
Extra Space Franklin Blvd. LLC - - 4,280 6 0.72%
Sei/PSP Vi Joint Ventures - - 4,216 7 0.71%
Bowling Green Associates - - 4,056 8 0.68%
Con-Way Western Express Inc. - - 3,731 9 0.63%
47th Street Associates LLC - - 3,643 10 0.61%
Subtotal 101,872 14.29% 182,329 30.75%
All Other Taxpayers 610,788 85.71% 410,647 69.25% Total 712,660$ 100.00% 592,976$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2021-22 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Franklin Boulevard
Current Fiscal Year and Nine Years Ago
2022 2013
261
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 Stockton Plaza Partners LLC 19,469$
1 3.16% 11,658$ 1 3.32%
Karma Apartments LLC 16,283 2 2.64% - -
EKG Investors LLC/SCT Investors LLC/ETAL 14,260 3 2.31% 10,205 2 2.91% Sustained Invs LLC 11,850 4 1.92% - -
ESS Ca-Tivs Jv Ca Reit Sub LP 10,710 5 1.74% - -
John M/Nancy Kehriotis Living Trust 8,753 6 1.42% 7,543 3 2.15% Monument Properties Sacramento LLC 8,268 7 1.34% - -
NT Stockton Investors LLC 7,940 8 1.29% 6,093 5 1.74% Long Sight Properties LLC 6,983 9 1.13% - -
Brittany Arms 6,699 10 1.09% 4,290 9 1.22%
BE Saigon Plaza LLC - - 7,382 4 2.10%
Mulleian Investment LLC - - 4,765 6 1.36%
Ralphs Grocery - - 4,666 7 1.33%
ESS Prisa II LLC - - 4,430 8 1.26%
LSREF2 Clipper II LLC - - 4,182 10 1.19%
Subtotal 111,215 18.04% 65,214 18.57%
All Other Taxpayers 505,368 81.96% 285,946 81.43% Total 616,583$ 100.00% 351,160$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2021-22 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Stockton Boulevard
Current Fiscal Year and Nine Years Ago
2022 2013
262
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 SBM Realty LLC 43,044$
1 2.65% -$
-
Elder Crk Transf/Recov Inc (Allied Waste Indus Inc) 15,734 2 0.97% 8,932 4 0.98% Watt Elder Creek Holdings LLC 13,245 3 0.81% - -
Pitalo John E 5,212 4 0.32% - -
Power Inn Business Park LLC 4,891 5 0.30% 4,905 9 0.54% Fedex Ground Package System Inc 4,252 6 0.26%
PW Fund B LP 3,479 7 0.21% - -
AVJOG Sacramento LLC 2,922 8 0.18% - -
RRRSZP Partners LLC 2,912 9 0.18% - -
Preet LLC 2,810 10 0.17% - -
R/G Hayward LLC - - 15,550 1 1.71%
Engineered Polymer Solutions Inc. - - 15,048 2 1.66%
Central Valley Industrial Core Holdings - - 9,121 3 1.00% Air Products Manufacturing Corporation - - 7,630 5 0.84% C/S Logistics Sacramento/Tracy LLC - - 7,274 6 0.80%
Ballantyne Diana S/Mark C/Jan W Leo - - 6,100 7 0.67% Teichert Land Co - - 5,835 8 0.64%
Inland Empire Investments - - 4,417 10 0.49%
Subtotal 98,501 6.06% 84,812 9.34%
All Other Taxpayers 1,527,856 93.94% 823,576 90.66% Total 1,626,357$
100.00% 908,388$ 100.00%
Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2021-22 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Army Depot
Current Fiscal Year and Nine Years Ago
2022 2013
263
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 Gem Crossings LLC 96,100$
1 15.10% -$
-
NB Element DST 87,797 2 13.80% - -
SSC Sacramento Apartments LLC 77,649 3 12.20% - -
ACEF-Martin Folsom LLC 35,729 4 5.61% - -
Target Corporation 28,836 5 4.53% 26,656 2 10.80%
Jackson IV LLC 17,954 6 2.82% - -
CPCA 7716 Folsom Blvd LLC 11,615 7 1.83% 7,560 4 3.06% 2750 Redding Avenue CB LLC 8,531 8 1.34% - -
A&A 6700 LLC/Candace Schurkamp 5,977 9 0.94% - -
Dimension Properties LLC 5,768 10 0.91% 5,784 6 2.34% HRA Element LLC - - 34,530 1 13.99%
65th St Village LLC - - 8,700 3 3.53%
Atlas Disposal Industries LLC - - 7,078 5 2.87%
Kenneth/Susan Catchot Family 2005 Revocable Trust - - 5,020 7 2.03% American River Self Storage LP - - 4,927 8 2.00%
2800 Pico Associates LLC - - 4,225 9 1.71%
KCMC Properties, LP/Paul E Fong/MAE Etal - - 3,409 10 1.38% Subtotal 375,956 59.07% 107,889 43.71%
All Other Taxpayers 260,469 40.93% 138,915 56.29% Total 636,425$ 100.00% 246,804$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2021-22 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - 65th Street
Current Fiscal Year and Nine Years Ago
2022 2013
264
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 Kaiser Foundation Hosps 35,082$ 1 28.87% -$ - Downtown Railyard Venture LLC 23,342 2 19.21% - -
Sacramento 695 LP 15,856 3 13.05% - -
CFT NV Developments LLC 13,889 4 11.43% - -
1238 Sutter Street LLC 8,093 5 6.66% - -
Sutter HOJ LP 5,304 6 4.36% - -
Sacramento Co Emp Credit Union 4,876 7 4.01% 4,197 4 4.69% PDRA/Company LLC 4,293 8 3.53% 3,699 6 4.13%
PLF BLDG LLC 4,043 9 3.33% - -
Strumwasser Michael J/Silvia M 3,600 10 2.96% 3,058 7 3.42% IA Sacramento Development LLC - - 33,085 1 36.96%
CCAA Partners LLC/Bruce W. Bell/Etal - - 12,000 2 13.41% JPM 2003 CIBC6 813 6th Street LLC - - 8,772 3 9.80%
REA Limited Partnership - - 4,058 5 4.53%
Bowman/Bay Building Joint Venture - - 2,212 8 2.47%
CNPA Services Inc. - - 1,662 9 1.86%
Legacy Ventures LLC - - 1,302 10 1.45%
Subtotal 118,378 97.42% 74,045 82.72%
All Other Taxpayers 3,135 2.58% 15,465 17.28%
Total 121,513$ 100.00% 89,510$ 100.00% (2) Based on total adjusted 2021-22 Project Area total taxable value.

Source: Sacramento County Assessor
Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions.

City of Sacramento
Principal Property Taxpayers - Railyards
Current Fiscal Year and Nine Years Ago
2022 2013
265
Successor Agency Trust Fund
(in thousands)
RDA - All Project Areas
Senior Total
Total Property Tax Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 41,304$ 745$ 2,556$ 38,003$ 22,087$ 1.72 6,619$ 28,706$ 1.32 2014 42,684 687 3,037 38,960 24,896 1.56 5,123 30,019 1.30 (2) 2015 43,657 649 3,911 39,097 21,937 1.78 9,158 31,095 1.26 2016 49,142 690 5,766 42,686 11,794 3.62 15,610 27,404 1.56 (3) 2017 53,765 709 1,201 51,855 11,793 4.40 14,059 25,852 2.01 2018 67,464 823 11,550 55,091 398 138.42 24,270 24,668 2.23 (4) 2019 73,805 867 13,766 59,172 10,423 5.68 15,194 25,617 2.31 (5) 2020 84,030 955 16,751 66,324 683 97.11 15,173 15,856 4.18 (6) 2021 87,253 991 17,657 68,605 18,133 3.78 29,731 47,864 1.43 (7) 2022 92,562 1,023 19,122 72,417 18,133 3.99 6,172 24,305 2.98 (8) Merged Downtown
Senior Total
Total Property Tax Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 23,260$ 419$ 652$ 22,189$ 16,298$ 1.36 2,655$ 18,953$ 1.17 2014 23,042 372 580 22,090 16,245 1.36 4,188 20,433 1.08 (1) 2015 23,121 350 1,071 21,700 16,242 1.34 4,980 21,222 1.02 2016 27,081 372 2,415 24,294 11,395 2.13 146 11,541 2.11 (3) 2017 27,978 376 485 27,117 11,395 2.38 146 11,541 2.35 2018 37,146 451 5,665 31,030 - - 146 146 212.53 (4) 2019 38,341 459 6,191 31,691 10,025 3.16 43 10,068 3.15 2020 41,309 481 6,997 33,831 - - 43 43 786.77 2021 41,241 478 6,975 33,788 16,965 1.99 43 17,008 1.99 2022 41,212 468 6,965 33,779 16,965 1.99 - 16,965 1.99 Del Paso Heights
Senior Total
Total Property Tax Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 2,549$ 46$ 194$ 2,309$ 1,644$ 1.40 240$ 1,884$ 1.23 2014 2,853 44 245 2,564 1,618 1.58 230 1,848 1.39 2015 3,149 44 337 2,768 1,618 1.71 231 1,849 1.50 2016 3,190 45 384 2,761 - - 14 14 197.21 (3) 2017 3,524 45 100 3,379 - - 14 14 241.36 2018 3,978 50 638 3,290 - - 14 14 235.00 2019 4,406 52 785 3,569 - - 14 14 254.93 2020 5,032 57 977 3,998 285 14.03 14 299 13.37 2021 5,491 61 1,125 4,305 770 5.59 14 784 5.49 2022 5,831 64 1,235 4,532 770 5.89 - 770 5.89 Notes:

NA
(1) Revised to correct 2005 Merged Downtown ML Refunding from senior to subordinate debt. (2) Revised to correct total tax increment received.
(3) Various subordinate debts and a majority of the senior debts were refunded in 2015. (4) 1993 Merged Downtown TABS were paid off in 2018.
(5)
(6)
(7)
(8)
Source: County of Sacramento, Office of Auditor/Controller Total Debt Service includes $4,022 related to the 2015 Tax Allocation Refunding Bond, Series A not allocated between project areas. Beginning in FY22, total debt service also includes $235 related to 2008 Bank of America Public Capital Corporation Loan which was refinanced, and is not allocated between project areas.

Total Debt Service includes $4,221 related to the 2015 Tax Allocation Refunding Bonds, Series A and B not allocated between project areas. 2015 Tax Allocation Refunding Bonds, Series B were paid off in 2021.

Total Debt Service includes $21,839 related to the 2015 Tax Allocation Refunding Bonds, Series A and B not allocated between project areas.

City of Sacramento
Debt Coverage Analysis
Last Ten Fiscal Years
Total Debt Service includes $13,166 related to the 2015 Tax Allocation Refunding Bonds, Series A and B not allocated between project areas.

Subordinate debt was not presented in prior years. Prior years information not available for River District, Franklin Boulevard, Army Depot and 65th Street.

266
Successor Agency Trust Fund
(in thousands)
Alkali Flat
Senior Total
Total Property Tax Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 1,049$ 19$ 10$ 1,020$ 623$ 1.64 467$ 1,090$ 0.94 2014 1,028 16 9 1,003 612 1.64 461 1,073 0.93 2015 1,148 16 64 1,068 613 1.74 464 1,077 0.99 2016 1,111 17 67 1,027 - - 466 466 2.20 (3) 2017 1,347 17 26 1,304 - - 469 469 2.78 2018 1,791 29 317 1,445 - - 471 471 3.07 2019 2,075 24 424 1,627 - - 472 472 3.45 2020 2,278 27 496 1,755 - - 474 474 3.70 2021 2,568 29 603 1,936 - - 476 476 4.07 2022 2,595 28 614 1,953 - - 468 468 4.17 Oak Park
Senior Total
Total Property Tax Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 3,841$ 67$ 151$ 3,623$ 2,794$ 1.30 183$ 2,977$ 1.22 2014 4,364 67 244 4,053 2,752 1.47 173 2,925 1.39 (1) 2015 4,522 63 385 4,074 2,755 1.48 178 2,933 1.39 2016 4,915 70 613 4,232 - - 34 34 124.47 (3) 2017 5,843 75 176 5,592 - - 34 34 164.47 2018 6,213 79 1,091 5,043 - - 34 34 148.32 2019 7,160 84 1,465 5,611 - - 34 34 165.03 2020 8,079 92 1,777 6,210 - - 34 34 182.65 2021 8,578 95 1,961 6,522 - - 34 34 191.82 2022 9,314 101 2,232 6,981 - - - - 0.00 River District
Senior Total
Total Property Tax Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 1,294$ 26$ 227$ 1,041$ - $ - 654$ 654$ 1.59 2014 1,025 20 259 746 - - 646 646 1.15 (2) 2015 1,542 23 280 1,239 - - 642 642 1.93 2016 1,544 22 288 1,234 - - 229 229 5.39 (3) 2017 1,633 22 29 1,582 - - 229 229 6.91 2018 1,793 23 338 1,432 - - 230 230 6.23 2019 2,203 25 428 1,750 - - 228 228 7.68 2020 2,897 28 614 2,255 - - 228 228 9.89 2021 3,176 34 704 2,438 - - 228 228 10.69 2022 3,543 38 810 2,695 - - 227 227 11.87 Notes:

NA
(1) Revised to correct 2005 Merged Downtown ML Refunding from senior to subordinate debt. (2) Revised to correct total tax increment received.
(3) Various subordinate debts and a majority of the senior debts were refunded in 2015.

Source: County of Sacramento, Office of Auditor/Controller City of Sacramento
Debt Coverage Analysis
Last Ten Fiscal Years
Subordinate debt was not presented in prior years. Prior years information not available for River District, Franklin Boulevard, Army Depot and 65th Street.

267
Successor Agency Trust Fund
(in thousands)
North Sacramento
Senior Total
Total Property Tax Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 2,323$ 44$ 165$ 2,114$ 537$ 3.94 779$ 1,316$ 1.61 2014 2,303 38 247 2,018 524 3.85 778 1,302 1.55 (1) 2015 2,689 37 262 2,390 530 4.51 772 1,302 1.84 2016 2,819 40 282 2,497 218 11.45 375 593 4.21 (3) 2017 2,951 41 - 2,910 218 13.35 374 592 4.92 2018 3,229 40 323 2,866 218 13.15 377 595 4.82 2019 3,824 45 388 3,391 218 15.56 375 593 5.72 2020 4,754 53 475 4,226 218 19.39 372 590 7.16 2021 5,325 60 532 4,733 218 21.71 374 592 7.99 2022 6,528 68 652 5,808 218 26.64 352 570 10.19 Franklin Boulevard
Senior Total
Total Property Tax Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 2,354$ 41$ 195$ 2,118$ - $ - 109$ 109$ 19.43 2014 2,414 38 189 2,187 - - 99 99 22.09 2015 952 24 117 811 - - 99 99 8.19 (2) 2016 1,640 23 116 1,501 - - 41 41 36.61 2017 2,050 25 - 2,025 - - 41 41 49.39
2018 2,511 30 217 2,264 - - 41 41 55.22 2019 2,826 33 256 2,537 - - 41 41 61.88 2020 3,101 36 285 2,780 - - 41 41 67.80 2021 3,493 39 331 3,123 - - 41 41 76.17 2022 3,980 42 387 3,551 - - - - 0.00 Stockton Boulevard
Senior Total
Total Property Tax Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 1,369$ 24$ 329$ 1,016$ 191$ 5.32 261$ 452$ 2.25 2014 1,420 24 377 1,019 180 5.66 245 425 2.40 2015 1,755 24 446 1,285 180 7.14 246 426 3.02 2016 1,933 28 526 1,379 180 7.66 149 329 4.19 (3)
2017 2,238 28 65 2,145 180 11.92 149 329 6.52 2018 2,598 33 770 1,795 180 9.97 167 347 5.17 2019 2,966 35 911 2,020 180 11.22 169 349 5.79 2020 3,418 38 1,072 2,308 180 12.82 146 326 7.08 2021 3,892 43 1,247 2,602 180 14.46 148 328 7.93 2022 4,372 47 1,423 2,902 180 16.12 251 431 6.73 Notes:

NA
(1) Revised to correct 2005 Merged Downtown ML Refunding from senior to subordinate debt. (2) Revised to correct total tax increment received.
(3) Various subordinate debts and a majority of the senior debts were refunded in 2015.

Source: County of Sacramento, Office of Auditor/Controller City of Sacramento
Debt Coverage Analysis
Last Ten Fiscal Years
Subordinate debt was not presented in prior years. Prior years information not available for River District, Franklin Boulevard, Army Depot and 65th Street.

268
Successor Agency Trust Fund
(in thousands)
Army Depot
Senior Total
Total Property Ta x Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 2,342 $ 43 $ 452 $ 1,847$ - $ - 748$ 748$ 2.47 2014 3,200 50 643 2,507 - - 735 735 3.41 2015 3,556 50 699 2,807 - - 739 739 3.80 2016 3,944 56 847 3,041 - - 267 267 11.39 (1) 2017 4,579 58 236 4,285 - - 267 267 16.05 2018 5,428 67 1,376 3,985 - - 268 268 14.87 2019 6,755 73 1,882 4,800 - - 266 266 18.05 2020 8,590 94 2,540 5,956 - - 266 266 22.39 2021 9,002 102 2,692 6,208 - - 265 265 23.43 2022 10,119 111 3,103 6,905 - - 242 242 28.53 65th Street
Senior Total
Total Property Ta x Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2013 923 $ 16 $ 181 $ 726 $ - $ - 523$ 523$ 1.39 2014 834 14 185 635 - - 506 506 1.25 2015 1,030 14 197 819 - - 500 500 1.64 2016 1,067 16 228 823 - - 388 388 2.12 (1) 2017 1,540 19 79 1,442 - - 388 388 3.72 2018 2,578 29 784 1,765 - - 387 387 4.56 2019 3,249 37 1,036 2,176 - - 386 386 5.64 2020 4,572 49 1,518 3,005 - - 389 389 7.72 2021 4,487 50 1,487 2,950 - - 387 387 7.62 2022 5,068 56 1,701 3,311 - - 375 375 8.83 Notes:

NA
(1) Revised to correct 2005 Merged Downtown ML Refunding from senior to subordinate debt.

Source: County of Sacramento, Office of Auditor/Controller City of Sacramento
Debt Coverage Analysis
Last Ten Fiscal Years
Subordinate debt was not presented in prior years. Prior years information not available for River District, Franklin Boulevard, Army Depot and 65th Street.

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270
City of Sacramento
Full-time Equivalent Employees by Function/Program
Last Ten Fiscal Years
Function/Program 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Citywide and community support 23 23 21 5 5 5 5 5 7 7 Community development 159 163 166 219 227 250 273 288 290 288 Community response - - - - - - - - - 23 (3) Convention and cultural services 133 138 126 120 116 115 115 115 117 124 Economic development 11 11 11 11 12 - (2) - - - - Fire 527 642 657 674 678 672 681 712 713 718 General government 305 320 325 370 431 512 531 571 576 583 General services 368 367 372 - (1) - - - - - - Youth, parks, and community enrichment 553 577 568 599 683 616 619 702 705 724 Police 847 940 973 1,033 1,052 1,030 1,034 1,070 1,098 1,103 Public works 395 406 415 732 725 723 735 736 744 749 Utilities 505 510 522 538 528 546 562 575 570 572 Total 3,826 4,097 4,156 4,301 4,457 4,469 4,555 4,774 4,820 4,891 Notes: (1) The Department of General Services has been reallocated to the Departments of Community Development, General Government, and Public Works. (2) The Economic Development function was reallocated to the General Government function in FY18. (3) The Department of Community Response was created in FY22.

Source: City of Sacramento Approved Operating Budgets
271
City of Sacramento
Operating Indicators by Function/Program
Last Ten Fiscal Years
Function/program 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Police
Adult arrests 18,650 19,570 18,113 16,778 14,476 13,350 13,975 12,981 12,070 12,842 Citizen initiated calls for service with officer
responses 154,233 118,975 141,181 149,275 148,663 152,597 161,914 163,985 153,740 155,159 Fire (1)
Number of incidents 74,427 75,000 80,596 85,742 90,018 92,026 93,836 94,282 99,201 108,924 Number of structure fires 680 586 784 756 735 767 998 1,077 1,522 1,199 Number of construction inspection/reviews 4,568 (2) 4,761 3,234 4,181 8,268 (7) 10,102 9,830 9,967 8,256 9,517 General services
Number of animal licenses issued 15,810 15,057 8,995 12,016 (5) 14,428 23,799 31,507 26,670 (20) 17,155 (21) 15,976 Number of animal outplacements 5,521 (3) 6,167 7,447 8,789 9,248 9,589 8,529 7,488 (20) 4,448 (21) 6,256 Public works
Number of traffic investigations completed 821 936 678 896 1,001 1,041 613 611 997 (27) 1,075 Number of parking citations issued 165,700 171,066 196,586 192,708 183,326 197,170 200,338 156,387 (17) 100,244 (22) 113,214 Convention and cultural services
Number of Community Convention Center events 378 378 358 408 430 372 229 38 (16) - (28) 174 (30) Community Convention Center event attendance 645,000 881,253 775,253 744,145 905,733 (8) 1,034,980 902,110 155,633 (16) - (28) 446,168 (30) Number of Zoo attendance 508,061 512,758 549,407 533,368 500,573 500,535 472,440 357,754 (18) 486,707 (25) 568,311 Youth, parks, and community enrichment
Number of students enrolled in START 5,330 5,603 6,897 4,534 (6) 2,785 (9) 711 (11) 477 473 648 (26) 1,770 (29) Number of students enrolled in 4th R 1,949 1,955 2,007 1,863 1,180 2,419 (12) 2,250 1,778 (15) 160 (23) 1,484 (29) Community development
Number of building permits issued 12,146 13,950 14,002 17,041 18,701 20,582 19,365 18,513 18,556 19,512 Building permit valuation (in million of dollars) 391 362 544 778 1,267 1,243 1,809 1,463 1,451 1,351 Vehicles abated by City 282 343 356 772 1,644 2,306 2,880 5,325 (13) 3,026 3,163 Notice and orders issued on housing and
dangerous buildings 253 154 279 239 206 382 369 243 (14) 177 (24) 209
Water
Number of accounts 135,353 135,590 134,971 136,130 139,238 140,735 142,831 144,669 145,769 147,150 Amount distributed/pumped (million of gallons) (19) 40,034 34,896 29,557 27,324 28,511 30,800 28,478 33,845 30,380 30,130 Wastewater
Number of accounts 76,484 76,657 76,471 76,849 77,137 77,521 78,125 78,583 78,932 79,114 Amount distributed/pumped (million of gallons) 6,805 10,603 10,605 10,605 10,605 9,025 6,356 6,619 5,754 6,042 Storm drainage
Number of accounts 134,651 135,834 136,850 137,754 139,198 140,934 142,858 144,168 145,179 146,385 Amount distributed/pumped (million of gallons) (10) 17,602 14,585 24,179 20,225 46,964 18,321 33,624 11,247 7,858 18,921 Solid waste
Residential garbage disposed (in tons) 109,141 109,060 111,140 112,497 118,355 118,437 136,049 129,359 141,185 136,904 Commercial garbage collected (in tons) 1,222 - (4) - - - - - - - - Notes: (1) The threshold for investigation of a fire is $30,000. (2) Fire Prevention has been working diligently to improve the way they track inspection data. Therefore, current year data is more accurate than prior years data. (3) Partnership with outside agencies in California and other states resulted in an increase in the number of animal outplaceme nts in FY13.
approximately four months, no sold-out and extended-run performances. (4) Solid Waste commercial garbage collection was discontinued. (5) In FY16, the number of animal licenses issued increased due to the implementation of web licensing. (6) In FY16 attendance for the START program decreased due to Elk Grove School District not participating in the program. (7) In FY17, the number of construction inspections doubled. (8) In FY17, the number of attendance increased due to increase in events held at the center . (9) In FY17, the number of students enrolled in START decreased due to the closure of 18 sites (10 Sacramento City Unified Scho ol District and 8 Twin Rivers Unified School District sites) (10) Amount of storm drainage distributed/pumped is dependent on rainfall. (11) In FY18, the number of students enrolled in START decreased due to reduced funding and non renewal of 21st century federal grant. (12) In FY18, the number of students enrolled in 4th R Program increased due to the addition of new site, i.e. Paso Verde. An average of 100 participants enrolled monthly at this site. (15) In FY20, the number of students enrolled in 4th R decreased due to sites closing on March 16, 2020 related to COVID-19.

Source: Various City of Sacramento Departments
(20) In FY20, there was a decrease in the number of animal licenses issued and the number of animal outplacements due to decreased intake of animals as a result of the COVID-19 pandemic.
(19) The amount of water pumped, treated and delivered to the water distribution system is a function of customer demand for water. There are many factors that cause fluctuation from year to year such as growth in customer base, requests for wholesale delivery of water rather than other neighboring utilities utilizing their own supply, changes in retail demand for water to support commercial activity or indoor retail use, and changes in irrigation practices. (13) In FY 20, the number of vehicles abated by City increased significantly due to several reasons: Increase in complaints of abandoned vehicles, staffing of five ACEO's solely dedicated to the removal of abandoned vehicles from street, and the use of dashboards to decrease response time which led to increased productivity. (14) In FY20, the number of complaints for housing and dangerous buildings declined largely due to COVID-19. Housing and Dangerous building staff were told to be lenient toward property owners, therefore Notice and Orders issued on Housing and Dangerous buildings decreased compared to prior year. (16) In FY20, the number of events and attendance at the Convention Center declined due to two reasons. First, the Convention Center is closed for renovation from July 2019-December 2020. Secondly, due to the COVID-19 outbreak in March 2020, no events are being hosted for the foreseeable future. This resulted in a significant impact on the occupancy rate and operating net results.
(17) In FY20, the decrease in the number of parking citations issued was due to business closures during COVID-19. (18) In FY20, the decrease in the number of zoo attendance was due to COVID-19. The zoo was completely closed from March 14, 2020 to June 12, 2020, and re-opened with capacity constraints that remain in place and have impacted total zoo attendance. (30) In FY22, after renovation, the Convention Center reopened, thus, there was activity. (29) In FY22, the increase in the number of students enrolled in START and 4th R was due to students fully returning to in person learning. (26) In FY21, the number of students enrolled in START increased due to the change in programming related to COVID-19. Staff was able to support more students as they went into their schools. Additionally, a change in the grant due to COVID, every time staff worked with a child they were able to "count" that child as a participant in the program so the pool of participants was a lot larger (entire student body) rather than the normal MOU of 83 students per site. (21) In FY21, similar to FY20, there was a decrease in the number of animal licenses issued and the number of animal outplacements due to decreased intake of animals as a result of the COVID-19 pandemic.
(22) In FY21, similar to FY20, the decrease in the number of parking citations issued was due to business closures during COVID-19. (23) In FY21, similar to FY20, the number of students enrolled in 4th R decreased due to sites closing related to COVID-19. During FY21, out of the 19 sites, 6 were open and were only allowed up to 30 children per site due to social distancing. (24) In FY21, similar to FY20, the number of complaints for housing and dangerous buildings declined largely due to COVID-19. Housing and Dangerous building staff were told to be lenient toward property owners, therefore Notice and Orders issued on Housing and Dangerous buildings decreased. (28) In FY21, the Convention Center was closed for renovation, thus there was no activity. (27) In FY21, the number of traffic investigations completed increased due to several factors: (1) Unlike prior years, all investigative calls were documented in one place. (2) Increased traffic concerns. (3) The increase in bike rack requests/installs are all investigated and work orders are written. (4) Collision reports have more than doubled, and have needed extra help to document.
(25) The zoo re-opened in June 2020 with capacity constraints and, in FY21, as COVID-19 restrictions started to ease, there was an increase in total zoo attendance.
272
Function/program 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Police
Number of stations (1) 4 4 4 4 4 4 4 4 4 4 Police
Number of patrol units (2) 263 243 226 231 234 229 190 195 224 236 Number of aircraft 4 4 4 4 4 5 5 5 5 4 Number of watercraft 3 3 2 (10) 2 5 4 4 4 4 4 Fire
Number of stations 24 24 24 24 24 24 24 24 24 24 Number of fire suppression, support or prevention vehicles 159 159 159 162 162 162 162 162 166 153 Number of watercraft NA NA 1 (10) 1 1 6 6 6 6 6 Public works
Miles of streets 3,065 3,077 3,059 3,059 3,075 3,062 3,118 3,118 3,118 3,118 Number of street lights 41,788 42,048 42,225 42,627 42,914 43,223 43,438 38,985 (15) 39,372 39,604 Number of City public parking spaces (3) 8,484 8,484 4,775 (11) 4,775 4,775 4,775 4,775 5,489 (3) 5,620 5,283 Number of City leased parking spaces (12) 110 110 519 2,298 2,298 2,298 2,298 2,349 2,298 2,298 Miles of off-street bikeways 83 84 57 57 57 88 88 88 78 78 Youth, parks, and community enrichment
Number of parks 222 222 222 225 227 227 213 220 230 230 Park acreage (5) 3,161 (9) 3,161 3,161 3,183 3,177 3,177 3,340 4,265 (14) 4,829 4,829 Number of community centers (6) 13 13 13 13 13 14 14 14 13 13 26 26 26 27 27 27 27 27 28 28 Water
Miles of water mains and distribution lines (7) (8) 1,599 1,597 1,727 1,599 1,604 1,607 1,603 1,607 1,616 1,635 Sewers and storm drainage
1,951 1,951 1,873 1,869 1,876 1,960 1,961 1,967 1,968 1,967 Off-street parking
10 10 7 (11) 7 7 7 7 10 13 12 1 1 3 7 7 7 7 8 7 7 Golf
Number of golf courses 6 6 6 6 6 6 6 6 6 6 Marina
Number of boat harbor slips 475 475 475 475 475 475 475 475 475 475 Notes: (1) Police stations refer to stations plus police headquarters. (2) Patrol units include cars and motorcycles.
(3) City public parking spaces is defined as only those which are City-owned. From FY2020 onwards, spaces reported includes C ity-owned lots managed by the Parking division.
(4) From FY2020 onwards, City public garages and open parking lots includes City-owned lots managed by the Parking division. (5) Golf course acreage is not included.
(6) Neighborhood centers are not included.
(7) Water mains are pipes over 12" in size. Pipes 12" or less are considered Distribution Lines. Service Mains and Hydrant Ma ins are excluded.
(8) Does not include miles for private mains and mains owned by other agencies. (9) In FY2013, the City added 10.78 acres in 6 parks (all in the River District in the Central City). Bercut Richards Plaza (0. 12 ac.); Cannery Plaza parksite (0.19 ac.);
Persimmon Paseo (0.21 ac.); Victory Promenade (0.49 ac.); 7th Street Promenade (1.0 ac.); and Township 9 Park (8.77 ac.) .
(10) In FY2015, Police Department transfer one of their watercraft to Fire Department. (11) The three Plaza garages - Downtown Plaza West, Central, and East were leased to the Kings effective August 2014. (12) City leased parking spaces is defined as owned by other organizations leased by the City. (13) City leased parking garages, lots and spaces are defined as owned by other organizations leased by the City. (14)
(15)
Source: Various City of Sacramento Departments
City of Sacramento
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
In FY2020, the increase in park acreage is due to several factors. (1) Refined the park acreages via GIS and now using APN lot sizes. (2) Included golf courses, camp Sacramento, and parkway's acreage. (3) Added a few new parks.

The decrease in the number of street lights is due a change in the calculation method. In the prior years, engineers counted SMUD/Park lights, which did not match with OneMap. Beginning in FY20 the figure does not include SMUD/Park lights and is consistent with OneMap.

Number of City leased garages and open parking lots (13) Number of swimming pools (including wading pools)
Miles of sanitary sewers and storm drainage
Number of City public garages and open parking lots (4) 273
City of Sacramento
Miscellaneous Statistics
Current Fiscal Year and Nine Years Ago
Date of incorporation
Date of charter
Date City became State Capitol
Form of government
2022 2013
Number of budgeted positions 4,891 3,826
Area in square miles 100 99
Altitude in feet 30 20
City of Sacramento facilities and services:

Police
Number of stations 4 4
Number of police personnel sworn / civilian (actual) 697/297 641/236 Number of patrol units 236 263
Fire
Number of stations 24 24
Number of fire personnel sworn / unsworn 643/74.50 571/42 Number of fire protection, support and prevention vehicles 153 159 Utilities
Miles of water mains and distribution lines
(1) 1,635 1,599
Annual water production in gallons 30 billion 40 billion Miles of sanitary sewers and storm drainage 1,967 1,951 Public works
Miles of streets 3,118 3,065
Number of street lights 39,604 41,788
Number of City managed parking lots / spaces 21/4,079 21/10,468 Miles of off-street bikeways 78 83
Boat harbor slips 475 475
Convention and cultural services
Golf courses 6 6
Zoo animals (2) 436 567
Fairytale town attendance for year 202,568 227,286
Crocker Art Museum attendance for year 147,256 286,573
Community Convention Center attendance for year 446,168 645,000 Youth, parks, and community enrichment
Parks 230 222
Park acreage (3) 4,829 3,161
Camp Sacramento attendance for year 976 2,637
Community centers 13 13
Neighborhood centers 4 5
Swimming pools 28 26
Baseball fields (4) 96 98
Soccer fields 127 130
Ball courts 232 180
Library
Library branches (5) 28 12
Library books and audiovisual recordings in circulation 1,805,755 2,192,151 Notes:
(2) Zoo animals number is comprised of animals on-site (either owned by zoo or owned by other entity).

Source: Various City of Sacramento departments and publications (5) FY2022 figures include all city and county branches operated by the Sacramento Public Library System. FY2013 figures include only city branches operated by the Sacramento Public Library system. 1921
1849
(4) This includes softball, little league and adult baseball fields. (3) Golf course acreage is not included in this figure. (1) Water mains are pipes over 12" in size. Pipes 12" or less are considered Distribution Lines. Service Mains and Hydrant Mains are excluded.

Council/Manager
1854
274
www.mgocpa.com
Macias Gini & O’Connell LLP
500 Capitol Mall, Suite 2200
Sacramento, CA 95814

1 Independent Auditor’s Report
To t
he Honorable Mayor and Members of the
City Council of the City of Sacramento, California
Re
port on the Audit of the Financial Statements
Opi
nions
We hav
e audited the financial statements of the governmental activities, the business- type activities, each major fund, and the aggregate remaining fund information of the City of Sacramento, California (City), as of and for the fiscal year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In
our opinion, the accompanying financial statements referred to above present fairl y, in all material respects, the respective financial position of the governmental activities, the business- type activities, each major fund, and the aggregate remaining fund information of the C ity, as of June 30, 2022, and the respective changes in finan cial position and, where applicable, cash flows thereof and the respective budgetary comparison for the General Fund and Measure U Special Revenue Fund for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Bas
is for Opinions
We co
nducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States (Government Auditing Standards). Our responsibilities under those standards are further described in the Auditor ’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Em
phasis of Matter
As
discussed in Notes 1 and 6 to the basic financial statements, effective July 1, 2021, the City adopted the provisions of Governmental Accounting Standards Board Statement No. 87, Leases. Our opinions are not modified with respect to this matter.

Re
sponsibilities of Management for the Financial Statements Th
e City’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

2 In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the C ity’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor’s Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and Government Auditing Standards, we:

• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

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

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management ’s discussion and analysis, the schedule of changes in net pension liability and related ratios – CalPERS Miscellaneous Plan, the schedule of contributions – CalPERS Miscellaneous Plan, the schedule of changes in net pension liability and related ratios – CalPERS Safety Plan, the schedule of contributions – CalPERS Safety Plan, the schedule of changes in net pension liability and related ratios – Sacramento City Employees’ Retirement System, the schedule of contributions – Sacramento City Employees’ Retirement System, the schedule of changes in net OPEB liability and related ratios, and the schedule of contributions – OPEB, as listed in the table of contents, be presented to supplement the basic financial statements.

Such
information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of

3 financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information

Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The combining and individual fund financial statements and schedules are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the combining and individual fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information

The C ity’s management is responsible for the other information included in the annual comprehensive financial report. The other information compri ses the introductory and statistical sections but does not include the basic financial statements and our auditor’s report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated December 19, 2022, on our consideration of the C ity’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.

The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in consid ering the C ity’s internal control over financial reporting and compliance.

Sacramento, California
December 19, 2022

www.mgocpa.com
Macias Gini & O’Connell LLP
500 Capitol Mall, Suite 2200
Sacramento, CA 95814

1 Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards The Honorable Mayor and Members of the
City Council of the City of Sacramento, California
We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards), the financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City of Sacramento, California (City), as of and for the fiscal year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated December 19, 2022.

Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing a udit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable po ssibility that a material misstatement of the entity ’s financial statements will not be prevented, or detected and corrected , on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less se vere than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify al l deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City ’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statement s. However, providing an opinion on compliance with those provisions was not an

2 objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity ’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Sacramento, California
December 19, 2022