Sacramento City Council
February 27, 2024

134
City of Sacramento
Other Special Revenue Funds
Combining Balance Sheet
June 30, 2023
(in thousands)
Operating Total Other
Grants CCOMWP Special Districts Cal EPA Special Revenue Fund Fund Fund Fund Funds
ASSETS
Cash and investments held by City 26,704$ -$ 26,350$ 1,316$ 187,210$ Receivables, net:

Taxes - - - - 6,970 Accounts 1,274 - 2,241 18 3,935 Loans - - - - 26,227 Intergovernmental 24,417 3,127 - - 28,898 Leases - - - - 1,070 Interest - - - - 638 Prepaid items 13 - - - 13 Restricted assets:

Cash and investments held by City - - - - 191 Total assets 52,408$ 3,127$ 28,591$ 1,334$ 255,152$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 4,169 $ 207 $ 6,150 $ - $ 12,779$ Accrued payroll - 32 - - 72 Due to other funds - 2,198 - - 2,198 Deposits 585 - - - 2,623 Unearned revenue - 47 - - 794 Advances from other funds - - - - 20,413 Total liabilities 4,754 2,484 6,150 - 38,879 Deferred Inflows of resources:

Unavailable revenue 25,159 2,776 - - 28,139 Leases - - - - 1,046 Total deferred inflows of resources 25,159 2,776 - - 29,185 Fund balances:

Nonspendable:

Prepaid items 13 - - - 13 Leases - - - - 24 Restricted:

Capital projects - - 3,794 - 29,156 Debt service - - - - 191 Public works programs - - - - 21,885 Economic development programs - - - - 72,326 Other programs 47,641 - 1 8,647 - 71,832
Committed:

Capital projects - - - - 677 OPEB - - - - 8 Other programs - - - 1,334 19,952 Unassigned (25,159) (2,133) - - (28,976) Total fund balances 22,495 (2,133) 22,441 1,334 187,088 Total liabilities, deferred inflows of resources
and fund balances 52,408$ 3,127$ 28,591$ 1,334$ 255,152$

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, 2023
(in thousands)
Transportation Culture and Parks and Economic
and Development Leisure Recreation Development
Fund Fund Fund Fund
Revenues:

Taxes -$
-$
-$
12,819$

Intergovernmental 16,498 - 907 -
Charges for services 16,596 2,158 - -
Fines, forfeits and penalties 286 - - 52
Interest, rents, and concessions 675 1,206 286 1,088 Community service fees 88 - 162 -
Assessment levies 5 - - -
Contributions and donations - 45 432 -
Miscellaneous - - 2 20
Total revenues 34,148 3,409 1,789 13,979
Expenditures:

Current:

General government - - - 2,484
Police - - - -
Fire - - - -
Public works 13,286 - - -
Convention and cultural services - 1,604 - -
Youth, parks, and community enrichment - - 1,886 -
Community development 14,607 - - -
Library - - - -
Utilities - - - -
Capital outlay 1,867
300 1,417 114
Debt service:

Principal - 493 - -
Interest and fiscal charges - 1,017 - -
Total expenditures 29,760 3,414 3,303 2,598
Excess (deficiency) of revenues over
(under) expenditures 4,388 (5) (1,514) 11,381
Other financing sources (uses):

Transfers in - 730 419 6,500
Transfers out (961) - (17) (1,100)
Total other financing sources (uses) (961) 730 402 5,400 Changes in fund balances 3,427 725 (1,112) 16,781
Fund balances, beginning of year 58,588 703 8,294 55,545 Fund balances (deficits), end of year 62,015$ 1,428 $
7,182$
72,326$

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, 2023
(in thousands)
Operating Total Other
Grants CCOMWP Special Districts Cal EPA Special Revenue Fund Fund Fund Fund Funds
Revenues:

Taxes - $
-$
-$
-$
12,819$

Intergovernmental 43,738 2,974 - 223 64,340
Charges for services 3,187 - - - 21,941
Fines, forfeits and penalties - - - - 338
Interest, rents, and concessions 379 (45) 435 21 4,045 Community service fees - - - - 250
Assessment levies - - 59,806 - 59,811
Contributions and donations 210 - - - 687
Miscellaneous - - - 22
Total revenues 47,514 2,929 60,241 244 164,253
Expenditures:

Current:

General government 34,059 5,583 12,154 - 54,280
Police 6,635 - - - 6,635
Fire 2,960 - - - 2,960
Public works - - 16,692 - 29,978
Convention and cultural services 3,341 - 7,525 - 12,470 Youth, parks, and community enrichment 1,885 - 8,078 - 11,849 Community development 762
- 207 - 15,576
Library - - 9,200 - 9,200
Utilities - - 350 - 350
Capital outlay 2,784 - 1,096 - 7,578
Debt service:

Principal 493 54 - - 1,040
Interest and fiscal charges 1 1 - - 1,019
Total expenditures 52,920 5,638 55,302 - 152,935
Excess (deficiency) of revenues over
(under) expenditures (5,406) (2,709) 4,939 244 11,318 Other financing sources (uses):

Transfers in - 497 - - 8,146
Transfers out (379) - (3,160) - (5,617)
Total other financing sources (uses) (379) 497 (3,160) - 2,529 Changes in fund balances (5,785) (2,212) 1,779 244 13,847 Fund balances, beginning of year 28,280 79 20,662 1,090 173,241 Fund balances (deficits), end of year 22,495$ (2,133) $
22,441$ 1,334$
187,088$

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

Intergovernmental 15,638 $ 15,638$ 16,498$ 860$ Charges for services 3,817 6,135 5,167 (968) Fines, forfeits and penalties 350 350 285 (65) Interest, rents, and concessions 40 40 470 430 Total revenues 19,845 22,163 22,420 257 Expenditures:

Current:

Public works 17,066 17,066 13,286 3,780 Community development 2,266 4,705 2,907 1,798 Capital outlay 2,838 2,720 1,645 1,075 Total expenditures 22,170 24,491 17,838 6,653 Excess (deficiency) of revenues
over (under) expenditures (2,325) (2,328) 4,582 6,910 Other financing uses:

Transfers out - - (774) (774) Changes in fund balance for budgeted activities (2,325) (2,328) 3,808 6,136 Fund balance, beginning of year for budgeted activities 49,939 49,939 49,939 - Fund balance, end of year for budgeted activities 47,614$ 47,611$ 53,747 6,136$ Change in fund balance for Transportation and
Development Special Revenue Fund activities
for which annual budgets are not adopted (381)
Fund balance, beginning of year for non-budgeted
activities 8,649
Fund balance, end of year 62,015$
(in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2023
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 $ 2,158 $ 457 $ Interest, rents and concessions 1,003 1,003 1,206 203 Contributions and donations 45 45 45 - Total revenues 2,749 2,749 3,409 660 Expenditures:

Current:

Convention and cultural services 1,503 1,503 1,604 (101) Capital outlay 726 775 300 475 Debt service:

Principal 1,051 1,051 493 558 Interest and fiscal charges 1,004 1,004 1,017 (13) Total expenditures 4,284 4,333 3,414 919 Deficiency of revenues
under expenditures (1,535) (1,584) (5) 1,579 Other financing sources:

Transfers in 719 719 730 11 Changes in fund balance (816) (865) 725 1,590 Fund balance, beginning of year 703 703 703 - Fund balance (deficit), end of year (113) $ (162) $ 1,428 $ 1,590 $ (in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2023
Culture and Leisure Special Revenue Fund
139
- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 658 $ 754 $ 907 $ 153 $ Interest, rents and concessions 23 23 78 55 Community service fees - - 59 59 Miscellaneous - - 2 2 Total revenues 681 777 1,046 269 Expenditures:

Current:

Youth, parks, and community enrichment 1,312 1,477 1,392 85 Capital outlay - - 122 (122) Total expenditures 1,312 1,477 1,514 (37) Deficiency of revenues under expenditures (631) (700) (468) 232 Other financing sources:

Transfers in - 419 419 - Changes in fund balance for budgeted activities (631) (281) (49) 232 Fund deficit, beginning of year for budgeted activities (27) (27) (27) - Fund deficit, end of year for budgeted activities (658)$ (308)$ (76) 232$ Change in fund balance for Parks and Recreation
(1,063)
Fund balance, beginning of year for non-budgeted
activities 8,321
Fund balance, end of year 7,182$
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, 2023
Parks and Recreation Special Revenue Fund
140
- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 1,147 $ 1,147 $ 2,974 $ 1,827 $ Interest, rents and concessions - - (45) (45) Total revenues 1,147 1,147 2,929 1,782 Expenditures:

Current:

General government 1,913 2,232 5,583 (3,351) Debt service:

Principal - - 54 (54) Interest and fiscal charges - - 1 (1) Total expenditures 1,913 2,232 5,638 (3,406) Deficiency of revenues
under expenditures (766) (1,085) (2,709) (1,624) Other financing sources:

Transfers in 497 497 497 - Changes in fund balance (269) (588) (2,212) (1,624) Fund balance, beginning of year 79 79 79 - Fund deficit, end of year (190)$ (509)$ (2,133)$ (1,624)$ 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, 2023
(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 - $ - $ 435 $ 435 $ Assessment levies 54,584 54,584 59,806 5,222 Total revenues 54,584 54,584 60,241 5,657 Expenditures:

Current:

General government 11,313 11,313 12,154 (841) Public works 18,527 17,968 16,692 1,276 Convention and cultural services 3,635 3,635 7,525 (3,890) Youth, parks, and community enrichment 8,305 8,305 8,078 227 Community development 348 250 207 43 Library 9,271 9,271 9,200 71 Utilities 756 756 350 406 Capital outlay 4,799 4,850 1,096 3,754 Total expenditures 56,954 56,348 55,302 1,046 Excess (deficiency) of revenues
over (under) expenditures (2,370) (1,764) 4,939 6,703 Other financing uses:

Transfers out (2,741) (3,183) (3,160) 23 (5,111) (4,947) 1,779 6,726 Fund balance, beginning of year 20,662 20,662 20,662 - Fund balance, end of year 15,551 $ 15,715 $ 22,441 $ 6,726 $ Changes in fund balance
Budgeted Amounts
City of Sacramento
For the Fiscal Year Ended June 30, 2023
(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 113 $ 113 $ 223 $ 110 $ Interest, rents, and concessions - - 21 21 Total revenues 113 113 244 131 Fund balance, beginning of year 1,090 1,090 1,090 - Fund balance, end of year 1,203$ 1,203$ 1,334$ 131$ Budgeted Amounts
City of Sacramento
For the Fiscal Year Ended June 30, 2023
(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, 2023
(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 881 $ -$ 2,019$
Cash and investments held by fiscal agent - 5 6
Receivables, net:

Accounts 7 - -
Intergovernmental 9,381 1,793 -
Leases 2,935 - -
Interest 25 - -
Restricted assets:

Cash and investments held by fiscal agent 3,882 - -
Total assets 17,111$ 1,798$ 2,025$

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

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

Unavailable revenue 9,381 1,793 -
Leases 2,850 - -
Total deferred inflows of resources 12,231 1,793 -
Fund balances:

Nonspendable:

Leases 85 - -
Restricted:

Debt service 3,882 - -
Committed:

Debt service 913 5 -
Assigned:

Debt service - - 2,025
Total fund balances 4,880 5 2,025
Total liabilities, deferred inflows of resources
and fund balances 17,111$ 1,798$ 2,025$

146
City of Sacramento
Other Debt Service Funds
Combining Balance Sheet
June 30, 2023
(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$ 2,901$
Cash and investments held by fiscal agent - - 11
Receivables, net:

Accounts - - 7
Intergovernmental - - 11,174
Leases - - 2,935
Interest - - 25
Restricted assets:

Cash and investments held by fiscal agent 1,651 - 5,533 Total assets 1,651$ 1$ 22,586$

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

Deposits 756 $ -$ 756$
Deferred inflows of resources:

Unavailable revenue - - 11,174
Leases - - 2,850
Total deferred inflows of resources - - 14,024
Fund balances:

Nonspendable:

Leases - - 85
Restricted:

Debt service 895 - 4,777
Committed:

Debt service - - 918
Assigned:

Debt service - 1 2,026
Total fund balances 895 1 7,806
Total liabilities, deferred inflows of resources
and fund balances 1,651$ 1$ 22,586$

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, 2023
(in thousands)
2006 2006 2015
Series B Series E Refunding
Revenue Revenue Revenue
Bond Fund Bond Fund Bond Fund
Revenues:

Intergovernmental 475$ 154$ -$
Interest, rents, and concessions 828 108 54
Total revenues 1,303 262 54
Expenditures:

Debt service:

Principal 1,670 5,029 3,735
Interest and fiscal charges 2,271 3,863 3,146
Total expenditures 3,941 8,892 6,881
Excess (deficiency) of revenues
over (under) expenditures (2,638) (8,630) (6,827)
Other financing sources:

Transfers in 2,203 8,634 6,867
Changes in fund balances (435) 4 40
Fund balances, beginning of year 5,315 1 1,985
Fund balances, end of year 4,880$ 5$ 2,025$

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, 2023
(in thousands)
2016 Total
SPFA Other Debt
Lease Financing Other City Service
Fund Debt Fund Funds
Revenues:

Intergovernmental -$ -$ 629$
Interest, rents, and concessions 836 - 1,826
Total revenues 836 - 2,455
Expenditures:

Debt service:

Principal 505 - 10,939
Interest and fiscal charges 168 - 9,448
Total expenditures 673 - 20,387
Excess (deficiency) of revenues
over (under) expenditures 163 - (17,932)
Other financing sources:

Transfers in - - 17,704
Changes in fund balances 163 - (228)
Fund balances, beginning of year 732 1 8,034
Fund balances, end of year 895$ 1$ 7,806$

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, 2023
(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 -$ 102,355$ -$ -$
Receivables, net:

Accounts - 778 - 1,863
Intergovernmental - 4,161 - 19,789
Interest - 128 - -
Restricted assets:

Cash and investments held by City 30 - 155 32
Total assets 30
$
107,422$ 155$
21,684$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable -
$
1,710$
-$
8,873$

Due to other funds - - - 1,435
Unearned revenue - 65 - 10,137
Total liabilities - 1,775 - 20,445
Deferred inflows of resources:

Unavailable revenue - 706 - 16,615
Fund balances:

Restricted:

Capital projects 30 104,941 155 1,239
Other programs - - - -
Unassigned - - - (16,615)
Total fund balances (deficit) 30 104,941 155 (15,376) Total liabilities, deferred inflows of resources
and fund balances 30
$
107,422$ 155$
21,684$

152
City of Sacramento
Other Capital Projects Funds
Combining Balance Sheet
June 30, 2023
(in thousands)
Total
Financing Special Economic Other
Plans
Districts Development Capital Projects
Fund Fund Fund Funds
ASSETS
Cash and investments held by City 110,659$ 24,229$ -$ 237,243$ Receivables, net:

Accounts 13,516 - - 16,157
Intergovernmental - - - 23,950
Interest 139 - - 267
Restricted assets:

Cash and investments held by City - - 9,914 10,131
Total assets 124,314$ 24,229
$
9,914$
287,748$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 2,549
$
-$
-$
13,132$

Due to other funds - - - 1,435
Unearned revenue 345 - - 10,547
Total liabilities 2,894 - - 25,114
Deferred inflows of resources:

Unavailable revenue 6,163 - - 23,484
Fund balances:

Restricted:

Capital projects 113,292 24,229 9,914 253,800
Other programs 1,965 - - 1,965
Unassigned - - - (16,615)
Total fund balances (deficit) 115,257 24,229 9,914 239,150 Total liabilities, deferred inflows of resources
and fund balances 124,314$ 24,229
$
9,914$
287,748$

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, 2023
(in thousands)
Crocker
General Fund Transportation Art Museum Capital
Capital Projects and Development Expansion Grants
Fund Fund Fund Fund
Revenues:

Taxes -$ 3,334$ -$ -$
Intergovernmental - 29,837 - 25,855
Charges for services - 23 - -
Interest, rents, and concessions - 1,421 3 63
Community service fees - 3,575 - -
Assessment levies - - - -
Contributions and donations - - - 1,559
Miscellaneous - - - -
Total revenues - 38,190 3 27,477
Expenditures:

Current:

General government - - - 200
Public works - 9,666 - -
Youth, parks, and community enrichment - - - -
Community development - - - -
Capital outlay - 18,043 - 38,705
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total expenditures - 27,709 - 38,905
Excess (deficiency) of revenues over
(under) expenditures - 10,481 3 (11,428)
Other financing sources (uses):

Transfers in - 25 - -
Transfers out - -
- (59)
Issuance of long-term debt - - - -
Total other financing sources (uses) - 25 - (59)
Changes in fund balances - 10,506 3 (11,487)
Fund balances (deficit) , beginning of year 30 94,435 152 (3,889) Fund balances (deficit) , end of year 30$ 104,941$ 155$ (15,376)$

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, 2023
(in thousands)
Total
Financing Special Economic Other
Plans Districts Development Capital Projects
Fund Fund Fund Funds
Revenues:

Taxes -$ -$ -$ 3,334$
Intergovernmental - - - 55,692
Charges for services - - - 23
Interest, rents, and concessions 1,076 437 180 3,180 Community service fees 27,426 - - 31,001
Assessment levies 89 185 - 274
Contributions and donations - 23,093 - 24,652
Miscellaneous 846 - - 846
Total revenues 29,437 23,715 180 119,002
Expenditures:

Current:

General government - - 651 851
Public works 95 - - 9,761
Youth, parks, and community enrichment 174 - - 174
Community development 2,545 39 - 2,584
Capital outlay 10,381 13,949 55 81,133
Debt service:

Principal 1,893 - - 1,893
Interest and fiscal charges 8,581 - - 8,581
Total expenditures 23,669 13,988 706 104,977
Excess (deficiency) of revenues over
(under) expenditures 5,768 9,727 (526) 14,025
Other financing sources (uses):

Transfers in 9,123 - - 9,148
Transfers out (1,429) -
- (1,488)
Issuance of long-term debt 11,739 - - 11,739
Total other financing sources (uses) 19,433 - - 19,399 Changes in fund balances 25,201 9,727 (526) 33,424
Fund balances (deficit) , beginning of year 90,056 14,502 10,440 205,726 Fund balances (deficit) , end of year 115,257$ 24,229$ 9,914$ 239,150$

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, 2023
(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 1,180$ 3,541 $ 1,922 $ 48 $ 6,691 $ Receivables, net:

Interest 7 20 1 - 28 Total assets 1,187 $ 3,561 $ 1,923 $ 48 $ 6,719 $

FUND BALANCES
Fund balances:

Nonspendable:

Permanent fund principal 272 278 25 3 578 Restricted:

Other programs 915 3,283 1,898 45 6,141 Total fund balances 1,187$ 3,561 $ 1,923 $ 48 $ 6,719 $

157
City of Sacramento
Permanent Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2023
(in thousands)
Bertha George Clark Total
Ann Land Henschel Scholarship Alice Mille r Permanent
Fund Fund Fund Fund Funds
Revenues:

Interest, rents, and concessions 35$ 104$ 135$ 1$ 275$ Expenditures:

Current:

General governmen
t 41 121 20 - 182 Changes in fund balances (6) (17) 115 1 93 Fund balances, beginning of year 1,193 3,578 1,808 47 6,626 Fund balances, end of year 1,187 $ 3,561 $ 1,923 $ 48 $ 6,719 $ 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, 2023
(in thousands)
Total
4th R Other
Parking Child Development Enterprise
Fund Fund Funds
ASSETS
Current assets:

Cash and investments held by City 21,173$ 1,714$ 22,887$ Receivables, net:

Accounts 707 60 767
Leases 351 - 351
Interest 78 - 78
Prepaid items 20 - 20
Intangible asset, current portion - 8 8
Total current assets 22,329 1,782 24,111
Noncurrent assets:

Leases receivable 7,664 - 7,664
Intangible assets - 96 96
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 7,997 - 7,997
Software 32 - 32
Leased land 1,978 - 1,978
IT subscriptions 767 - 767
Less: accumulated depreciation/amortization (45,570) (1,454) (47,024) Total noncurrent assets 46,824 284 47,108
Total assets 69,153 2,066 71,219

DEFERRED OUTFLOWS OF RESOURCES
Pensions 2,007 1,548 3,555
OPEB 284 73 357
Total deferred outflows of resources 2,291 1,621 3,912

160
City of Sacramento
Other Enterprise Funds
Combining Statement of Net Position
June 30, 2023
(in thousands)
Total
4th R Other
Parking Child Development Enterprise
Fund Fund Funds

LIABILITIES
Current liabilities:

Accounts payable 2,718 32 2,750
Accrued payroll 113 180 293
Accrued compensated absences 14 15 29
Interest payable 39 - 39
Deposits 72 - 72
Unearned revenue 262 174 436
Accrued claims and judgments 6 3 9
Lease liabilities 111 - 111
IT subscription liabilities 49 - 49
Revenue and other bonds payable, net 1,241 - 1,241
Total current liabilities 4,625 404 5,029
Noncurrent liabilities:

Accrued compensated absences 439 344 783
Net OPEB liability 1,461 - 1,461
Lease liabilities 1,651 - 1,651
IT subscription liabilities 668 - 668
Revenue and other bonds payable, net 8,567 - 8,567
Net pension liability 6,753 6,115 12,868
Total noncurrent liabilities 19,539 6,459 25,998
Total liabilities 24,164 6,863 31,027

DEFERRED INFLOWS OF RESOURCES
Gain on debt refundings 146 - 146
Pensions 33 27 60
OPEB 583 136 719
Leases 7,404 - 7,404
Total deferred inflows of resources 8,166 163 8,329

NET POSITION
Net investment in capital assets 26,539 188 26,727
Unrestricted 12,575 (3,527) 9,048
Total net position (deficit) 39,114$ (3,339)$ 35,775$

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, 2023
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Operating revenues:

Charges for services:

User fees and charges 15,883 $ 5,578 $ 21,461 $ Rents and concessions 1,040 7 1,047 Miscellaneous 55 7 62 Total operating revenues 16,978 5,592 22,570 Operating expenses:

Employee services 3,865 5,471 9,336 Services and supplies 6,768 799 7,567 Depreciation/amortization 1,545 69 1,614 Total operating expenses 12,178 6,339 18,517 Operating income (loss) 4,800 (747) 4,053 Nonoperating revenues (expenses):

Interest and investment revenue 588 20 608 Revenue from other agencies - 273 273 Interest expense (298) - (298) Total nonoperating revenues (expenses) 290 293 583 Income (loss) before transfers 5,090 (454) 4,636 Transfers in 5,934 - 5,934 Transfers out (10,550) - (10,550) Changes in net position 474 (454) 20 Total net position (deficit), beginning of year 38,640 (2,885) 35,755 Total net position (deficit), end of year 39,114 $ (3,339) $ 35,775 $ 163
City of Sacramento
Other Enterprise Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2023
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Cash flows from operating activities:

Receipts from customers and users 15,872 $ 5,729 $ 21,601$ Payments to suppliers (6,059) (798) (6,857)
Payments to employees (3,909) (5,434) (9,343) Claims and judgments paid (3) (3) (6)
Net cash provided by (used for) operating activities 5,901 (506) 5,395 Cash flows from noncapital financing activities:

Transfers in from other funds 5,934 - 5,934 Transfers out to other funds (1,750) - (1,750) Intergovernmental revenue received - 273 273
Net cash provided by noncapital financing activities 4,184 273 4,457 Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (2,237) - (2,237) Principal payments on capital debt (1,040) - (1,040) Interest payments on capital debt (440) - (440)
Principal payments on lease liabilities (108) - (108)
Interest payments on lease liabilities (26) - (26)
Principal payments on IT subscription liabilities (50) - (50) Interest payments on IT subscription liabilities (7) - (7) Transfers out to other funds (8,800) - (8,800) Receipts from leases 244 - 244
Collection of interest from leases 89 - 89
Net cash used for capital and related financing activities (12,375) - (12,375) Cash flows from investing activities:

Collection of interest and investment revenue 503 20 523 Net decrease in cash and cash equivalents (1,787) (213) (2,000) Cash and cash equivalents, beginning of year 22,960 1,927 24,887 Cash and cash equivalents, end of year 21,173$ 1,714$ 22,887$

164
City of Sacramento
Other Enterprise Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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) 4,800 $ (747) $ 4,053$ Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation/amortization expense 1,545 61 1,606 Amortization of intangible assets - 8 8
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net (159) 106 (53)
Prepaid items (8) - (8)
Accounts payable 717 1 718
Accrued payroll 19 (43) (24)
Accrued compensated absences (21) (14) (35)
Accrued claims and judgments (3) (3) (6)
Deposits (430) - (430)
Unearned revenue 43 31 74
Net pension liability and related deferred outflows/inflows of resources 285 185 470 Net OPEB liability and related deferred outflows/inflows of resources (327) (91) (418) Deferred inflows related to leases (560) - (560)
Net cash provided by (used for) operating activities 5,901$ (506)$ 5,395$ 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 188 - 188

165

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166

WATER FUND

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167
City of Sacramento
Water Fund
June 30, 2023
(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 - $ 198,644$ -$ -$ -$ Cash and investments held by fiscal agent - 9 - 87 -
Receivables, net:

Accounts 455 20,878 - - -
Intergovernmental - - 628 - -
Leases - 60 - - -
Interest - 1,149 - - -
Due from other funds - 1,515 - - -
Inventories - 1,204 - - -
Prepaid items - 202 - - -
Total current assets 455 223,661 628 87 -
Noncurrent assets:

Restricted assets:

Cash and investments held by City 49,617 16,574 - - -
Cash and investments held by fiscal agent - 639 - 2,860 - Leases receivable - 780 - - -
Capital assets:

Land 1,729 1,170 - - -
Buildings and improvements 820 54,626 559 94,403 -
Machinery and equipment 680 25,584 641 77,425 8,627
Transmission and distribution systems 3,429 646,172 3,355 99,848 54 ,381
Construction in progress 21,458 28,478 2,669 5,774 5 Software - 3,491 - - -
Easement - 134 - - -
Leased equipment - 184 - - -
IT subscriptions - 722 - - -
Less: accumulated depreciation/amortization (646) (356,206) (1,703) (26,490) (5,803) Total noncurrent assets 77,087 422,348 5,521 253,820 57,210 Total assets 77,542 646,009 6,149 253,907 57,210

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt - 3,277 - - -
Pensions - 18,265 - - -
OPEB - 1,377 - - -
Total deferred outflows of resources - 22,919 - - -
Combining Schedule of Net Position
168

ASSETS
Current assets:

Cash and investments held by City
Cash and investments held by fiscal agent
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
IT subscriptions
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, 2023
(in thousands)
Drinking Water 2020 Water Total
SRF Loan Revenue Refunding Water
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 198,644$
- 2 - 98
- - - 21,333
- - - 628
- - - 60
- - - 1,149
- - (1,515) -
- - - 1,204
- - - 202
- 2 (1,515) 223,318
- - - 66,191
- - - 3,499
- - - 780
- - - 2,899
17,752 - - 168,160
3,307 - - 116,264
118,015 - - 925,200
- - - 58,384
- - - 3,491
- - - 134
- - - 1
84 - - - 722
(8,747) - - (399,595)
130,327 - - 946,313
130,327 2 (1,515) 1,169,631
- 3,764 - 7,041
- - - 18,265
- - - 1,377
- 3,764 - 26,683
(continued)
169

City of Sacramento
Water Fund
June 30, 2023
(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 38 3,925 54 - -
Due to other funds - - 565 - -
Accrued payroll - 1,228 - - -
Accrued compensated absences - 291 - - -
Interest payable - 422 - 176 797
Deposits - 5 - - -
Unearned revenue - 1,579 9 - -
Accrued claims and judgments - 54 - - -
IT subscription liabilities - 296 - - -
Revenue and other bonds payable, net - 7,374 - 6,083 1,339 Notes payable - 507 - - -
Total current liabilities 38 15,681 628 6,259 2,136
Noncurrent liabilities:

Accrued compensated absences - 3,658 - - -
Water fee credits 12 84 - - -
Net OPEB liability - 10,764 - - -
IT subscription liabilities - 127 - - -
Revenue and other bonds payable, net - 84,727 - 5,709 55,136 Notes payabl
e - 4,862 - - -
Net pension liability - 52,893 - - -
Total noncurrent liabilities 12 157,115 - 5,709 55,136 Total liabilities 50 172,796 628 11,968 57,272

DEFERRED INFLOWS OF RESOURCES
Pensions - 242 - - -
OPEB - 3,871 - - -
Leases - 795 - - -
Total deferred inflows of resources - 4,908 - - -

NET POSITION
Net investment in capital assets 27,432 311,504 5,521 244,016 735 Restricted for:

Capital projects 50,060 - - - -
Unrestricted - 179,720 - (2,077) (797)
Total net position (deficit) 77,492$ 491,224$ 5,521$ 241,939$ (62)$ (continued)
170

City of Sacramento
Water Fund
Combining Schedule of Net Position
June 30, 2023
(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
IT subscription liabilities
Revenue and other bonds payable, net
Notes payable
Total current liabilities
Noncurrent liabilities:

Accrued compensated absences
Water fee credits
Net OPEB liability
IT subscription liabilities
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
- - - 4,017
950 - (1,515) -
- - - 1,228
- - - 291
- 1,638 - 3,033
- - - 5
- - - 1,588
- - - 54
- - - 296
- 2,080 - 16,876
2,995 - - 3,502
3,945 3,718 (1,515) 30,890
- - - 3,658
- - - 96
- - - 10,764
- - - 127
- 179,355 - 324,927
126,604 - - 131,466
- - - 52,893
126,604 179,355 - 523,931
130,549 183,073 (1,515) 554, 821
- - - 242
- - - 3,871
- - - 795
- - - 4,908
728 (177,671) - 412,265
- - - 50,060
(950) (1,636) - 174,260
(222)$ (179,307)$ -$ 636,585$
171

City of Sacramento
Water Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2023
(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 -$ 135,304$ -$ -$ -$
Rent and concessions - 59 - - -
Miscellaneous - 36 - - -
Total operating revenues - 135,399 - - -
Operating expenses:

Employee services - 43,243 - - -
Services and supplies - 29,160 317 - -
Depreciation/amortization 168 18,210 205 7,680 1,117
Claims and judgments - 20 - - -
Total operating expenses 168 90,633 522 7,680 1,117
Operating income (loss) (168) 44,766 (522) (7,680) (1,117) Nonoperating revenues (expenses):

Interest and investment revenue (loss) 836 1,074 - 94 1 Revenue from other agencies - 62 453 - -
Interest expense - (4,495) - 197 (2,071)
Amortization of bond prepaid insurance - (23) - - -
Total nonoperating revenues (expenses) 836 (3,382) 453 291 (2,070) Income (loss) before capital contributions and transfers 668 41,384 (69) (7,389) (3,187) Capital contr
ibutions 3,989 4,241 - - -
Transfers in 1,118 83 - 5,726 3,376
Transfers out - (38,813) - - -
Changes in net position 5,775 6,895 (69) (1,663) 189
Total net position (deficit), beginning of year 71,717 484,329 5,590 243,602 (251) Total net position (deficit), end of year 77,492$ 491,224$ 5,521$ 241,939$ (62)$

172
City of Sacramento
Water Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2023
(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
-$ -$ -$ 135,304$
- - - 59
- - - 36
- - - 135,399
- - - 43,243
- - - 29,477
3,101 - - 30,481
- - - 20
3,101 - - 103,221
-
(3,101) - - 32,178
- 3 - 2,008
- - - 515
(2,277) (5,117) - (13,763)
- - - (23)
(2,277) (5,114) - (11,263)
(5,378) (5,114) - 20,915
- - - 8,230
8,194 6,980 (24,276) 1,201
- - 24,276 (14,537)
2,816 1,866 - 15,809
(3
,038) (181,173) - 620,776
(222)$ (179,307)$ -$ 636,585$

173
City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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 -$ 133,
304$ -$ -$ -$
P
ayments to suppliers - (29,129) (270) - -
P
ayments to employees - (42,009) - - -
Claims and judgments paid - (43) - - - Net cash provided by (used for) operating activities - 62,123 (270) - - Cas
h flows from noncapital financing activities:

Interfund cash flow loans - (1,515) 5
65 - -
T
ransfers in from other funds 1,118 8
3 - - -
T
ransfers out to other funds - (14,005) - - -
I
nterfund loan repayments - 1,279 (387) - -
I
ntergovernmental revenue received - 62 2
76 - -
Net
cash provided by (used for) noncapital
financing activities 1,118 (14,096) 4
54 - -
Cas
h flows from capital and related financing activities:

Acquisition and construction of capital assets (1,825) (7, 737) (184) - -
P
roceeds from issuance of debt - - - - -
Principal payments on capital debt - (6,906) - (5,
065) (960)
I
nterest payments on capital debt - (4,823) - (656) (2,
417)
P
rincipal payments on IT subscription liabilities - (299) - - - Tr
ansfers in from other funds - - - 5,726 3
,376
T
ransfers out to other funds - (24,808) - - -
Capi
tal contributions received 3,524 - - - -
Rec
eipts from leases - 48 - - -
Col
lection of interest from leases - 11 - - -
Net
cash provided by (used for) capital and
related financing activities 1,699 (44,
514) (184) 5 (
1)
Cash flows from investing activities:

Collection of interest and investment revenue 836 6
66 - 9
4 1
Net
increase in cash and cash equivalents 3,653 4
,179 - 9
9 -
Cas
h and cash equivalents, beginning of year 45,964 211,
687 - 2
,848 -
Cas
h and cash equivalents, end of year 49,617$ 215,
866$ -$ 2,947$ -$
R
econciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City -$ 198,
644$ -$ -$ -$
Cas
h and investments held by fiscal agent - 9 - 87 -
Res
tricted cash and investments held by City 49,617 1
6,574 - - -
Res
tricted cash and investments held by fiscal agent - 639 - 2 ,860 -
T
otal cash and cash equivalents, end of year 49,617$ 215, 866$ -$ 2,947$ -$
174

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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 IT subscription 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 of interest and investment revenue
Net increase 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
Cash and investments held by fiscal agent
Restricted cash and investments held by City
Restricted cash and investments held by fiscal agent
Total cash and cash equivalents, end of year
Drinking Water 2020 Water Total
SRF Loan Revenue Refunding Water
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 133,
304$
- - - (29,
399)
- - - (42,
009)
- - - (
43)
- - - 61,853
950 - - -
- - - 1
,201
- - - (14,
005)
(892) - - -
- - - 3
38 58 - - (12,
466)
(166) - - (9,
912)
107 - - 1
07 (5,
916) (2,
050) - (20,
897)
(2,
277) (4,
931) - (15,
104)
- - - (299)
8,
194 6
,980 (24,
276) -
- - 2
4,276 (532)
- - - 3
,524
- - - 4
8 - - - 11
(58) (
1) - (43,054)
- 3 - 1
,600
- 2 - 7
,933
- - - 260,
499
-$ 2$ -$ 268,
432$
-$ -$ -$ 198,
644$
- 2 - 9
8 - - - 6
6,191
- - - 3
,499
-$ 2$ -$ 268,
432$
(continued)
175

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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) (168)$ 4
4,766$ (522)$ (7,
680)$ (1,
117)$
A
djustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation/amortization expense 168 1
7,766 2
05 7
,680 1
,117
A
mortization of intangible assets - 444 - - -
Changes
in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net - (1,650) - - -
I
nventories - (41) - - -
Prepaid items - (6) - - -
Accounts payable - 78 4
7 - -
A
ccrued payroll - 306 - - -
A
ccrued compensated absences - 95 - - -
A
ccrued claims and judgments - (23) - - -
Unearned revenue - (290) - - -
Water fee credits - (96) - - -
Net pension liability and related deferred outflows/inflows of resources - 2,430 - - - N
et OPEB liability and related deferred outflows/inflows of resources - (1,597) - - - Def
erred inflows related to leases - (59) - - -
Net cas
h provided by (used for) operating activities -$ 62,123$ (270)$ -$ -$ Nonc
ash investing, capital and financing activities:

Contributions of capital assets -$ 4,241$ -$ -$ -$
A
mortization of bond premium and discount - 624 - 7
68 3
29 A
mortization of bond loss on refunding - (328) - - -
Amortization of bond prepaid insurance - (23) - - -
Capital asset acquisitions on accounts payable 38 4
85 - - -
(continued)
176

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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
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
(3,101)$ -$ -$ 32,178$
3,
101
- - 30,037
-
- - 444
- - - (1,
650)
- - - (
41)
- - - (6)
- - - 125
- - - 3
06 - - - 9
5 - - - (
23)
- - - (290)
- - - (
96)
- - - 2,430
- - - (1,
597)
- - - (
59)
-$ -$ -$ 6
1,853$
-$ -$ -$ 4
,241$
- - - 1
,721
- (196) - (524)
- - - (
23)
- - - 52 3
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, 2023
(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 - $ 58,007$ -$ -$
Cash and investments held by fiscal agent - - - 11
Receivables, net:

Accounts 177 11,776 - -
Intergovernmental - - 1,010 -
Interest - 294 - -
Due from other funds - 787 - -
Inventories - 70 - -
Total current assets 177 70,934 1,010 11
Noncurrent assets:

Restricted assets:

Cash and investments held by City 8,504 1,174 - -
Cash and investments held by fiscal agent - - - 413
Capital assets:

Land - 1,138 - -
Buildings and improvements - 42,057 - 12,041
Machinery and equipment - 5,302 148 301
Transmission and distribution systems 23,686 171,951 10,954 21,135 Construction in progress - 2,875 21 141
Software - 604 - 97
IT subscriptions - 188 - -
Less: accumulated depreciation/amortization (613) (96,424) (419) (3,876) Total noncurrent assets 31,577 128,865 10,704 30,252
Total assets 31,754 199,799 11,714 30,263

DEFERRED OUT

FLOWS OF RESOURCES
Loss on refunding of debt - - - -
Pensions - 4,800 - -
OPEB - 461 - -
Total deferred outflows of resources - 5,261 - -

180
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2023
(in thousands)
ASSETS
Current assets:

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

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

Restricted assets:

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

Land
Buildings and improvements
Machinery and equipment
Transmission and distribution systems
Construction in progress
Software
IT subscriptions
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
-$ -$ -$ 58,007$
- - - 11
- - - 11,953
- - - 1,010
- - - 294
- - (787) -
- - - 70
- - (787) 71,345
542 - - 10,220
- - - 413
- - - 1,138
4,433 - - 58,531
140 - - 5,891
19,625 - - 247,351
4,094 - - 7,131
2,746 - - 3,447
- - - 188
(1,833) - - (103,165)
29,747 - - 231,145
29,747 - (787) 302,490
- 2,2
21 - 2,221
- - - 4,800
- - - 461
- 2,221 - 7,482
(continued)

181
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2023
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund

LIABILITIES
Current liabilities:

Accounts payable 2,351 12,789 223 -
Due to other funds - - 787 -
Accrued payroll - 356 - -
Accrued compensated absences - 79 - -
Interest payable - - - 13
Accrued claims and judgments - 88 - -
IT subscription liabilities - 75 - -
Revenue and other bonds payable, net - - - 813
Total current liabilities 2,351 13,387 1,010 826
Noncurrent liabilities:

Accrued compensated absences - 1,136 - -
Wastewater fee credits 8,450 - - -
Net OPEB liability - 4,046 - -
IT subscription liabilities - 38 - -
Revenue and other bonds payable, net - - - -
Net pension liability - 16,513 - -
Total noncurrent liabilities 8,450 21,733 - -
Total liabilities 10,801 35,120 1,010 826

DEFERRED INFLOWS OF RESOURCES
Pensions - 81 - -
OPEB - 1,184 - -
Total deferred inflows of resources - 1,265 - -

NET POSITION
Net investment in capital assets 12,272 127,154 10,481 30,043 Restricted for:

Capital projects 8,681 - - -
Other programs - - 223 -
Unrestricted - 41,521 - (606)
Total net position (deficit) 20,953$ 168,675$ 10,704$ 29,437$ (continued)

182
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2023
(in thousands)

LIABILITIES
Current liabilities:

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

Accrued compensated absences
Wastewater fee credits
Net OPEB liability
IT subscription liabilities
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
Restricted for:

Capital projects
Other programs
Unrestricted
Total net position (deficit)
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
33 - - 15,396
- - (787) -
- - - 356
- - - 79
404 196 - 613
- - - 88
- - - 75
1,221 340 - 2,374
1,658 536 (787) 18,981
- - - 1,136
- - - 8,450
- - - 4,046
- - - 38
27,805 26,430 - 54,235
- - - 16,513
27,805 26,430 - 84,418
29,463 26,966 (787) 103,399
- - - 81
- - - 1,184
- - - 1,265
688 (24, 549) - 156,089
- - - 8,681
- - - 223
(404) (196) - 40,315
284$ (24,745)$ -$ 205,308$

183
City of Sacramento
Wastewater Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2023
(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 -
$
43,072$
-$
-$
Ch
arge to other agencies for contract services -
1,737 -
-
Total
operating revenues -
44,809 -
-
Operati
ng expenses:

Employee services -
13,148 -
-
Servi
ces and supplies -
15,399 (62)
-
Depreci
ation/amortization 225 3,990 100 510
Total operating expenses 225 32,537 38 510
Operating income (loss) (225)
12,272 (38)
(510)
Non
operating revenues (expenses):

Interest and investment revenue 94 58 -
12 Interest expense -
-
-
(3)
Loss on
disposition of capital assets -
-
-
(223)
Total
nonoperating revenues (expenses) 94 58 -
(214)
In
come (loss) before capital contributions and transfers (131) 12,330 (38)
(724)
Capi
tal contributions 1,840 648 4,109 -
Tran
sfers in 2,233 164 -
825
Transfers out -
(8,630)
-
-
Ch
anges in net position 3,942 4,512 4,071 101
Total net position (deficit), beginning of year 17,011 164,163 6,633 29,336 Total net position (deficit), end of year 20,953$
168,675$
10,704$ 29,437$

184
City of Sacramento
Wastewater Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2023
(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
Total operating expenses
Operating income (loss)
Nonoperating revenues (expenses):

Interest and investment revenue
Interest expense
Loss on disposition of capital assets
Total nonoperating revenues (expenses)
Income (loss) before capital contributions and transfers Capital contributions
Transfers in
Transfers out
Changes in net position
Total net position (deficit), beginning of year
Total net position (deficit), end of year
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 43,072$
- - - 1,737
- - - 44,809
- - - 13,148
- - - 15,337
475 - - 5,300
475 - - 33,785
(475) - - 11,024
24 - - 188
(923) (704) - (1,630)
- - - (223)
(899) (704) - (1,665)
(1,374) (704) - 9,359
- - - 6,597
2,114 924 (3,863) 2,397
- - 3,863 (4,767)
740 220 - 13,586
(456) (24,965) - 191,722
284$ (24,745)$ -$ 205,308$

185
City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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 -$ 43,313$ -$ -$
P
ayments to suppliers - (15,688) 62 -
Payments to employees - (12,671) - -
Claims and judgments paid - (74) - -
Net cash provided by operating activities - 14,880 62 - Cash flows from noncapital financing activities:

Interfund cashflow loans - (787) 787 -
Transfers in from other funds 2,233 164 - -
Transfers out to other funds - (4,721) - -
Interfund loan repayments - 434 (434) -
Net cash provided by (used for) noncapital financing activities 2,233 (4,910) 353 - Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (84) (1,927) (3,948) - Principal payments on capital debt - - - (765)
Interest payments on capital debt - - - (59)
Principal payments on IT subscription liabilities - (75) - - Transfers in from other funds - - - 825
Transfers out to other funds - (3,909) - -
Capital contributions received 2,431 - 3,533 -
Cash reimbursement for fee credits (1,509) - - -
Net cash provided by (used for) capital and
related financing activities 838 (5,911) (415) 1
Cas
h flows from investing activities:

Collection (loss) of interest and investment revenue 94 (53) - 12 Net increase (decrease) in cash and cash equivalents 3,165 4,006 - 13 Cash and cash equivalents, beginning of year 5,339 55,175 - 411 Cash and cash equivalents, end of year 8,504$ 59,181$ -$ 424$ R
econciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City -$ 58,007$ -$ -$
C
ash and investments held by fiscal agent - - - 11
Restricted cash and investments held by City 8,504 1,174 - - Restricted cash and investments held by fiscal agent - - - 413 Total cash and cash equivalents, end of year 8,504$ 59,181$ -$ 424$ 186

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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 operating activities
Cash flows from noncapital financing activities:

Interfund cashflow loans
Transfers in from other funds
Transfers out to other funds
Interfund loan repayments
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
Principal payments on IT subscription liabilities
Transfers in from other funds
Transfers out to other funds
Capital contributions 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
Cash and investments held by fiscal agent
Restricted cash and investments held by City
Restricted cash and investments held by fiscal agent
Total cash and cash equivalents, end of year
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 43,313$
- - - (
15,626)
- - - (12,671)
- - - (74)
- - - 14,942
- - - -
- - - 2,397
- - - (4,721)
- - - -
- - - (2,324)
(2,094) - - (8,053)
(880) (335) - (1,980)
(1,234) (589) - (1,882)
- - - (75)
2,114 924 (3,863) -
- - 3,863 (46)
- - - 5,964
- - - (1,509)
(2,094) - - (7,581)
24 - - 77
(2,070) - - 5,114
2,612 - - 63,537
542$ -$ -$ 68,651$
-$ -$ -$ 58,007$
- - - 11
542 - - 10,220
- - - 413
542$ -$ -$ 68,651$
(continued)
187

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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 operating activities:

Operating income (loss) (225)$
12,272$
(38)$
(510)$
A
djustments to reconcile operating income (loss) to net cash provided by operating activities:

Depreciation/amortization expense 225 3,912 100 500
Amortization of intangible assets - 78 - 10
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net - (1,496) - -
Inventories - (33) - -
Accounts payable - (256) - -
Accrued payroll - 157 - -
Accrued compensated absences - 183 - -
Accrued claims and judgments - (74) - -
Net pension liability and related deferred outflows/inflows of resources - 681 - - Net OPEB liability and related deferred outflows/inflows of resources - (544) - - Net cash provided by operating activities -$
14,880$
62$
-$
N
oncash investing, capital and financing activities:

Contributions of capital assets -$
648$
-$
-$
A
mortization of bond premium and discount - - - 43
Amortization of bond loss on refunding - - - -
Capital asset acquisitions on accounts payable 29 424 223 - Loss on disposition of capital assets - - - 223
Fee credit reimbursement accounts payable 2,322 - - -
(continued)
188

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(in thousands)
Reconciliation of operating income (loss) to net
cash provided by operating activities:

Operating income (loss)
Adjustments to reconcile operating income (loss) to net cash provided by 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 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
Loss on disposition of capital assets
Fee credit reimbursement accounts payable
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
(
475)$
-$
-$
11,024$
292
- - 5,029
183 - - 271
- - - (1,496)
- - - (33)
- - - (256)
- - - 157
- - - 183
- - - (74)
- - - 681
- - - (544)
-$ -$ -$ 14,942$
-$ -$ -$ 648$
296 - - 339
- (
116) (116)
33 - - 709
- - - 223
- - - 2,322
189

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190

COMMUNITY CENTER FUND

THIS PAGE INTENTIONALLY LEFT BLANK
191
City of Sacramento
Community Center Fund
Combining Schedule of Net Position
June 30, 2023
(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 30,266 $
-$
-$
-$
30,266$
Rec
eivables, net:

Taxes 3,567
-
-
-
3,567
Ac
counts 4,391
-
-
-
4,391
I
nterest 159
-
-
14 173
Pr
epaid items 8
-
-
-
8 T
otal current assets 38,391
-
-
14 38,405
Nonc
urrent assets:

Restricted assets:

Cash and investments held by City -

5,289
684
12 5,985
Cas
h and investments held by fiscal agent 1,992
2,587
662
1,882
7,123
Capi
tal assets:

Land 20,071
-
-
-
20,071
Bui
ldings and improvements 113,040
-
-
-
113,040
Mac
hinery and equipment 4,913
-
-
-
4,913
Cons
truction in progress 6,900
293,573
19,399
49,653
369,525
S
oftware 46
-
-
-
46 I
T subscriptions 76
-
-
-
76 Les
s: accumulated depreciation/amortization (73,938)
-
-
-
(73,938)
T
otal noncurrent assets 73,100
301,449
20,745
51,547
446,841
T
otal assets 111,491
301,449
20,745 51,561 485,246
DE

FERRED OUTFLOWS OF RESOURCES
Pensions 3,538 - - - 3,538
O
PEB 371 - - - 371
T
otal deferred outflows of resources 3,909 - - - 3,909

192
City of Sacramento
Community Center Fund
Combining Schedule of Net Position
June 30, 2023
(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 5,386
274
-
-
5,660
Due to other
funds 250
-
-
-
250
Ac
crued payroll 182
-
-
-
182
Ac
crued compensated absences 38
-
-
-
38 I
nterest payable -
1,080
27 148
1,255
Unear
ned revenue 1,257
-
-
-
1,257
Ac
crued claims and judgments 4
-
-
-
4 I
T subscription liabilities 25
-
-
-
25 Rev
enue and other bonds payable, net -
2,425
4,370
1,119
7,914
T
otal current liabilities 7,142
3,779
4,397
1,267
16,585
N
oncurrent liabilities:

Accrued compensated absences 503
-
-
-
503
Adv
ances from other funds 4,620
-
-
-
4,620
N
et OPEB liability 237
-
-
-
237
I
T subscription liabilities 25
-
-
-
25 Rev
enue and other bonds payable, net -
284,084
4,025
50,988
339,097
N
et pension liability 10,604
-
-
-
10,604
T
otal noncurrent liabilities 15,989 284,084 4,025 50,988 355,086 T
otal liabilities 23,131
287,863
8,422
52,255
371,671
DE

FERRED INFLOWS OF RESOURCES
Pensions 60 - - - 60
O
PEB 412
-
-
-
412
T
otal deferred inflows of resources 472
-
-
-
472
N

ET POSITION
Net investment in capital assets 72,554 16,951 12,521 330 102,356 Unr
estricted 19,243
(3,365)
(198)
(1,024)
14,656
T
otal net position (deficit) 91,797$
13,586$
12,323$
(694)$
117,012$
)

193
City of Sacramento
Community Center Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2023
(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 2,659$ -$ -$
Rents and concessions 11,230 - -
Total operating revenues 13,889 - -
Operating expenses:

Employee services 6,753 - -
Services and supplies 10,709 1 -
Depreciation/amortization 1,321 - -
Claims and judgments 7 - -
Total operating expenses 18,790 1 -
Operating loss (4,901) (1) -
Nonoperating revenues (expenses):
1,015 343 24
31,294 - -
Interest and investment revenue
Transient occupancy taxes
Interest expense (89) (11,912) (461)
Total nonoperating revenues (expenses) 32,220 (11,569) (437) Income (loss) before transfers 27,319 (11,570) (437)
Transfers in - 14,245 4,570
Transfers out (28,640) - -
Changes in net position (1,321) 2,675 4,133
Total net position (deficit), beginning of year 93,118 10,911 8,190 Total net position (deficit), end of year 91,797$ 13,586$ 12,323$

194
City of Sacramento
Community Center Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2023
(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
Claims and judgments
Total operating expenses
Operating loss
Nonoperating revenues (expenses):

Interest and investment revenue
Transient occupancy taxes
Interest expense
Total nonoperating revenues (expenses)
Income (loss) before transfers
Transfers in
Transfers out
Changes in net position
Total net position (deficit), beginning of year
Total net position (deficit), end of year
2019 STID
Assessment Total
Revenue Community
Bonds Fund Eliminations Center Fund
-$ -$ 2,659$
- - 11,230
- - 13,889
- - 6,753
- - 10,710
- - 1,321
- - 7
- - 18,791
- - (4,902)
98 - 1,480
- - 31,294
(1,663) - (14,125)
(1,565) - 18,649
(1,565) - 13,747
2,718 (18,815) 2,718
- 18,815 (9,825)
1,153 - 6,640
(1,847) - 110,372
(694)$ -$ 117,012$

195
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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 10,355 $ -$ -$
Payments to suppliers (9,051) (1) -
Payments to employees (6,951) - -
Claims and judgments paid (8) - -
Net cash used for operating activities (5,655) (1) -
Cash flows from noncapital financing activities:

Transient occupancy taxes 30,725 - -
Transfers out to other funds (9,825) - -
Interfund loan repayments (250) - -
Net cash provided by noncapital financing activities 20,650 - - Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (188) (4,171) (1,667) Principal payments on capital debt - (1,265) (4,215)
Interest payments on capital debt - (13,018) (474)
Principal payments on IT subscription liabilities (26) - - Transfers in from other funds - 14,245 4,570
Transfers out to other funds (18,815) - -
Net cash used for capital and related financing activities (19,029) (4,209) (1,786) Cash flows from investing activities:

Collection of interest and investment revenue 982 343 24 Net decrease in cash and cash equivalents (3,052) (3,867) (1,762) Cash and cash equivalents, beginning of year 35,310 11,743 3,108 Cash and cash equivalents, end of year 32,258$ 7,876$ 1,346$ Reconciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City 30,266$ -$ -$
Restricted cash and investments held by City - 5,289 684 Restricted cash and investments held by fiscal agent 1,992 2,587 662 Total cash and cash equivalents, end of year 32,258$ 7,876$ 1,346$

196
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(in thousands)
Cash flows from operating activities:

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

Transient occupancy taxes
Transfers 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
Principal payments on IT subscription liabilities
Transfers in from other funds
Transfers out to other funds
Net cash used for capital and related financing activities Cash flows from investing activities:

Collection of interest and investment revenue
Net decrease in cash and cash equivalents
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
Reconciliation of cash and cash equivalents
to the 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 Community
Bonds Fund Eliminations Center Fund
-$ - $ 10,355$ - - (9,052) - - (6,951) - - (8) - - (5,656) - - 30,725 - - (9,825) - - (250) - - 20,650
(899) - (6,925) (915) - (6,395) (1,826) - (15,318) - - (26) 2,718 (18,815) 2,718 - 18,815 - (922) - (25,946) 83 - 1,432 (839) - (9,520) 2,733 - 52,894 1,894$ -$ 43,374$ -$ -$ 30,266$ 12 - 5,985 1,882 - 7,123 1,894$ -$ 43,374$ (continued)

197
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(in thousands)
2018 TOT
Revenue Bonds, 2018 TOT
Community Tax-Exempt Revenue Bonds,
Center Fund Fund T axable Fund

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

Operating loss (4,901)$ (1) $ - $ Adjustments to reconcile operating loss to
net cash used for operating activities:

Depreciation/amortization expense 1,321 - - Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net (3,972) - - Prepaid items (7) - - Accounts payable 1,665 - - Accrued payroll (12) - - Accrued compensated absences (61) - - Accrued claims and judgments (1) - - Unearned revenue 438 - - Net pension liability and related deferred outflows/inflows of resources 321 - - Net OPEB liability and related deferred outflows/inflows of resources (446) - - Net cash used for operating activities (5,655)$ (1)$ -$ Noncash investing, capital and financing activities:

Amortization of bond premium and discount -$ 1,100$ -$ Capital asset acquisitions on accounts payable 496 274 - (continued)

198
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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
Accrued claims and judgments
Unearned revenue
Net pension liability and related deferred outflows/inflows of resources Net OPEB liability and related deferred outflows/inflows of resources Net cash used for operating activities
Noncash investing, capital and financing activities:

Amortization of bond premium and discount
Capital asset acquisitions on accounts payable
2019 STID
Assessment Total
Revenue
C
ommunity
Bonds Fund Eliminations Center Fund
-$ -$ ( 4,902)$
- - 1
,321
- - (
3,972)
- - (
7)
- - 1
,665
- - (
12)
- - (
61)
- - (
1)
- - 4
38 - - 3
21 - - (
446)
-$ -$ (
5,656)$
159$ -$ 1
,259$
- - 7
70

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, 2023
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
ASSETS
Current assets:

Cash and investments held by City 38,257$ 105,170$ 143,427$ Cash and investments held by fiscal agent - 696 696 Receivables, net:

Accounts 25 4,995 5,020 Interest 164 352 516 Due from other funds - 3,883 3,883 Prepaid items 6,365 1 6,366 Total current assets 44,811 115,097 159,908 Noncurrent assets:

Advances to other funds - 26,595 26,595 Capital assets:

Buildings and improvements 7,454 - 7,454 Machinery and equipment 543 - 543 Vehicles 213,142 - 213,142 Construction in progress 495 - 495 Software 256 - 256 Leased building - 35 35 IT subscriptions - 165 165 Less: accumulated depreciation/amortization (125,661) (55) (125,716) Total noncurrent assets 96,229 26,740 122,969 Total assets 141,040 141,837 282,877

DEFERRED OUTFLOWS OF RESOURCES
Pensions 3,135 2,133 5,268 OPEB 387 113 500 Total deferred outflows of resources 3,522 2,246 5,768

202
City of Sacramento
Internal Service Funds
Combining Statement of Net Position
June 30, 2023
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds

LIABILITIES
Current liabilities:

Accounts payable 5,831 748 6,579 Accrued payroll 199 148 347 Accrued compensated absences 45 35 80 Unearned revenue - 203 203 Accrued claims and judgments 57 35,636 35,693 Lease liabilities - 8 8 IT subscription liabilities - 54 54

Total current liabilities 6,132 36,832 42,964 Noncurrent liabilities:

Accrued compensated absences 580 550 1,130 Net OPEB liability 4,421 456 4,877 Accrued claims and judgments - 99,152 99,152 IT subscription liabilities - 55 55 Net pension liability 11,756 7,044 18,800 Total noncurrent liabilities 16,757 107,257 124,014 Total liabilities 22,889 144,089 166,978

DEFERRED INFLOWS OF RESOURCES
Pensions 54 19 73 OPEB 1,311 236 1,547 Total deferred inflows of resources 1,365 255 1,620

NET POSITION
Net investment in capital assets 93,191 28 93,219 Unrestricted 27,117 (289) 26,828 Total net position (deficit) 120,308$ (261)$ 120,047$

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, 2023
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Operating revenues:

Charges for services:

User fees and charges 75,440 $ 55,357 $ 130,797 $ Miscellaneous 117 - 117 Total operating revenues 75,557 55,357 130,914 Operating expenses:

Employee services 7,692 5,302 12,994 Services and supplies 27,739 7,647 35,386 Depreciation/amortization 16,342 41 16,383 Insurance premiums - 14,416 14,416 Claims and judgments 15 45,723 45,738 Total operating expenses 51,788 73,129 124,917 Operating income (loss) 23,769 (17,772) 5,997 Nonoperating revenues (expenses):

Interest and investment revenue (loss) (2,074) 2,974 900 Revenue from other agencies - 21 21 Insurance and other claim recoveries - 737 737 Interest expense (9) (1) (10) Gain on disposition of capital assets 205 - 205 Total nonoperating revenues (expenses) (1,878) 3,731 1,853 Income (loss) before transfers 21,891 (14,041) 7,850 Transfers in 422 - 422 Transfers out (1,007) - (1,007) Changes in net position 21,306 (14,041) 7,265 Total net position, beginning of year 99,002 13,780 112,782 Total net position (deficit), end of year 120,308 $ (261) $ 120,047 $ 205
City of Sacramento
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2023
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Cash flows from operating activities:

Receipts from interfund services provided 75,562$ 132,306$ 207,868$ Payments to suppliers (27,883) (98,622) (126,505) Payments to employees (7,881) (5,105) (12,986) Claims and judgments paid (36) (21,875) (21,911) Net cash provided by operating activities 39,762 6,704 46,466 Cash flows from noncapital financing activities:

Transfers out to other funds (961) - (961) Collections on interfund loans - 2,687 2,687 Loans made to other funds - (18,633) (18,633) Intergovernmental revenue received - 21 21 Net cash used for noncapital financing activities (961) (15,925) (16,886) Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (20,868) - (20,868) Proceeds from sale of capital assets 881 - 881 Principal payments on capital debt (411) - (411) Interest payments on capital debt (11) - (11) Principal payments on lease liabilities - (14) (14) Principal payments on IT subscription liabilities - (56) (56) Transfers in from other funds 422 - 422 Transfers out to other funds (46) - (46) Net cash used for capital and related financing activities (20,033) (70) (20,103) Cash flows from investing activities:

Collection (loss) of interest and investment revenue (2,238) 2,920 682 Net increase (decrease) in cash and cash equivalents 16,530 (6,371) 10,159 Cash and cash equivalents, beginning of year 21,727 112,237 133,964 Cash and cash equivalents, end of year 38,257$ 105,866$ 144,123$ Reconciliation of cash and cash equivalents
to t
he Statement of Net Position:

Cash and investments held by City 38,257$ 105,170$ 143,427$ Cash and investments held by fiscal agent - 696 696 Total cash and cash equivalents, end of year 38,257$ 105,866$ 144,123$

206
City of Sacramento
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2023
(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) 23,769$ (17,772)$ 5,997$ Adjustments to reconcile operating income (loss) to net cash provided by operating activities:

Depreciation/amortization expense 16,325 41 16,366 Amortization of intangible assets 17 - 17 Nonoperating claims and judgments - 876 876 Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net 5 - 5 Prepaid items 1 221 222 Accounts payable (145) 194 49 Accrued payroll (34) 52 18 Accrued compensated absences (159) 64 (95) Accrued claims and judgments (21) 22,972 22,951 Unearned revenue - (25) (25) Net pension liability and related deferred outflows/inflows of resources 457 220 677 Net OPEB liability and related deferred outflows/inflows of resources (453) (139) (592) Net cash provided by operating activities 39,762$ 6,704$ 46,466$ Noncash investing, capital and financing activities:

Increase in prepaid items for capital assets 1,671$ -$ 1,671$ Capital asset acquisitions on accounts payable 3,038 - 3,038

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

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

City of Sacramento
Other Custodial Funds
Combining Statement of Fiduciary Net Position
June 30, 2023
(in thousands)
Assessment Total
Individual Districts & Other
Investment Communit y Custodial
Accounts Facilities Districts Funds
ASSETS
Cash and investments held by City 137,059$ 15,023$ 152,082$ Cash and investments held by fiscal agent - 4,995 4,995 Receivables, net:

Interest 536 36 572
Special assessments - 681 681
Restricted assets:

Cash and investments held by City - 5,251 5,251 Cash and investments held by fiscal agent - 23,394 23,394 Total assets 137,595 49,380 186,975

LIABILITIES
Due to bondholders - 49,380 49,380

NET POSITION
Held for external pool participants 137,595$ - $ 137,595$ 209
City of Sacramento
Other Custodial Funds
Combining Statement of Changes in Fiduciary Net Position For the Fiscal Year Ended June 30, 2023
(in thousands)
Assessment Total
Individual Districts & Other
Investment Communit y Custodial
Accounts Facilities Districts Funds
Additions:

Deposits 3,591 $ - $ 3,591 $ Special assessments - 18,443 18,443 Capital contributions - 7,032 7,032 Investment income:

From investment activities:

Net depreciation in fair value of investments (1,180) - (1,180) Interest 2,874 630 3,504 Total investment income 1,694 630 2,324 Total additions 5,285 26,105 31,390 Deductions:

Withdrawals 9,779 - 9,779 Paid to bondholders - 24,120 24,120 Administrative expenses - 1,985 1,985 Total deductions 9,779 26,105 35,884
Changes in net position (4,494) - (4,494) Net position, beginning of year 142,089 - 142,089 Net position, end of year 137,595 $ - $ 137,595$ 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)
Last Ten Fiscal Years
(accrual basis accounting, in thousands)
2014 2015 2016 2017 2018
Governmental activities
Net investment in capital assets 1,393,447 $ 1,445,139 $ 1,497,796 $ 1,296,493 $ 1,335,576 $ Restricted for:

Capital projects 116,271 116,910 80,054 119,131 136,831 Debt service 652 665 1,203 872 606
Public works programs 16,462 19,027 20,521 18,866 24,750 Economic development programs 22,493 17,280 16,888 16,251 44,920 Ambulance services - 1,085 1,085 - -
Other programs 22,315 26,735 28,381 23,645 26,786 Trust and endowments:

Expendable 7,928 7,789 8,008 8,545 8,656
Nonexpendable 878 878 878 878 878
Unrestricted 30,170 (591,896) (581,697) (443,845) (667,254) Total governmental activities net position 1,610,616$ 1,043,612$ 1,073,117$ 1,040,836$ 911,749$ Business-type activities
Net investment in capital assets 733,980$ 748,312$ 785,353$ 807,004$ 869,183$ Restricted for:

Capital projects 33,255 33,914 40,772 39,155 38,473 Debt service - - - - -
Other programs 1,215 1,730 2,203 2,607 2,633
Unrestricted 177,814 107,305 123,842 150,049 124,001 Total business-type activities net position 946,264$ 891,261$ 952,170$ 998,815$ 1,034,290$ Primary government
Net investment in capital assets 2,127,427$ 2,193,451$ 2,283,149$ 2,103,497$ 2,204,759$ Restricted for:

Capital projects 149,526 150,824 120,826 158,286 175,304 Debt service 652 665 1,203 872 606
Public works programs 16,462 19,027 20,521 18,866 24,750 Economic development programs 22,493 17,280 16,888 16,251 44,920 Ambulance services - 1,085 1,085 - -
Other programs 23,530 28,465 30,584 26,252 29,419 Trust and endowments:

Expendable 7,928 7,789 8,008 8,545 8,656
Nonexpendable 878 878 878 878 878
Unrestricted 207,984 (484,591) (457,855) (293,796) (543,253) Total primary government net position 2,556,880$ 1,934,873$ 2,025,287$ 2,039,651$ 1,946,039$ Notes: (1) Fiscal year 2015 beginning net position was restated due to the implementation of GASB 68 and GASB 71. (2) Fiscal year 2017 beginning net position was restated due to the implementation of GASB 75. (3) 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)
Last Ten Fiscal Years
(accrual basis accounting, in thousands)
2019 2020 2021 2022 2023
Governmental activities
Net investment in capital assets 1,267,837 $ 1,318,817 $ 1,360,966 $ 1,370,530 $ 1,346,924 $ Restricted for:

Capital projects 166,705 191,919 214,188 223,243 260,988 Debt service 686 537 401 907 1,086
Public works programs 27,792 29,972 29,598 35,497 39,396 Economic development programs 48,878 46,954 49,537 55,545 72,326 Ambulance services - - - - -
Other programs 39,380 60,466 61,142 67,600 71,766 Trust and endowments:

Expendable 9,197 8,547 9,934 10,249 10,331 Nonexpendable 878 878 878 578 586
Unrestricted (606,222) (612,827) (596,900) (407,418) (414,118) Total governmental activities net position 955,131$ 1,045,263$ 1,129,744$ 1,356,731$ 1,389,285$ Business-type activities
Net investment in capital assets 925,128$ 1,166,785$ 1,167,408$ 937,751$ 952,381$ Restricted for:

Capital projects 40,411 47,256 43,253 45,942 58,741 Debt service - 401 - - -
Other programs 2,963 2,929 2,200 2,594 22,020
Unrestricted 138,742 (44,579) 1,279 268,651 271,835 Total business-type activities net position 1,107,244$ 1,172,792$ 1,214,140$ 1,254,938$ 1,304,977$ Primary government
Net investment in capital assets 2,192,965$ 2,485,602$ 2,528,374$ 2,308,281$ 2,299,305$ Restricted for:

Capital projects 207,116 239,175 257,441 269,185 319,729 Debt service 686 938 401 907 1,086
Public works programs 27,792 29,972 29,598 35,497 39,396 Economic development programs 48,878 46,954 49,537 55,545 72,326 Ambulance services - - - - -
Other programs 42,343 63,395 63,342 70,194 93,786 Trust and endowments:

Expendable 9,197 8,547 9,934 10,249 10,331 Nonexpendable 878 878 878 578 586
Unrestricted (467,480) (657,406) (595,621) (138,767) (142,283) Total primary government net position 2,062,375$ 2,218,055$ 2,343,884$ 2,611,669$ 2,694,262$ Notes: (1) Fiscal year 2015 beginning net position was restated due to the implementation of GASB 68 and GASB 71. (2) Fiscal year 2017 beginning net position was restated due to the implementation of GASB 75. (3) 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)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2014 2015 2016 2017 2018
Expenses
Governmental activities
General government 41,190 $ 52,474 $ 59,037 $ 59,033 $ 100,625 $ Police 157,248 166,797 164,750 176,955 199,746 Fire 125,461 127,561 137,859 146,693 160,216 Public works 103,632 103,088 121,184 106,328 122,340 General services (2) 13,807 15,619 - - -
Ec
onomic development (3) 17,080 11,075 13,049 13,397 -
Conv
ention and cultural services 17,916
19,441 24,139
20,380 21,066
Youth, parks, and community enrichment 52,336
56,573 53,911
50,156 55,518
Community development 26,484
30,221 36,251
41,726 50,879
Community response (4) - - - - -
Li
brary 13,720
15,629 16,294
16,122 17,376
Interest on long-term debt 22,178
29,046 30,404
27,626 23,144
Total governmental activities expenses 591,052 627,524 656,878 658,416 750,910 Business-type activities
Water 66,627
69,428 73,150
80,176 87,745
Wastewater 25,673
25,432 25,348
29,075 28,251
Storm drainage 36,664
41,830 40,971
40,479 41,199
Solid waste 49,014
47,149 47,703
51,693 56,698
Community center 17,204
17,690 17,277
16,607 17,795
Parking 15,238
13,704 14,451
11,955 13,475
Child development 6,297
6,151 5,519
5,743 6,589
Total business-type activities expenses 216,717 221,384 224,419 235,728 251,752 Total primary government expenses 807,769$ 848,908$ 881,297$ 894,144$ 1,002,662$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments. (2) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology , and Public Works in FY16. (3) The Economic Development function was reallocated to the General Government function in FY18. (4) 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)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2019 2020 2021 2022 2023
Expenses
Governmental activities
General government 116,282 $ 152,791 $ 259,529 $ 228,155 $ 208,630 $ Police 203,303 233,686 233,883 214,867 257,552 Fire 169,819 179,626 191,814 165,526 200,767 Public works 132,958 125,025 115,565 116,113 137,292 General services (2) - - - - -
Economic development (3) - - - - -
Convention and cultural services 30,907 20,615 18,398 21,421 29,053 Youth, parks, and community enrichment 61,225 66,885 57,345 67,602 80,719 Community development 60,466 74,398 71,473 64,151 67,398 Community response (4) - - - 10,703 20,314
Library 18,687 19,822 22,173 23,304 24,416
Interest on long-term debt 23,454 24,341 20,635 18,800 26,259 Total governmental activities expenses 817,101 897,189 990,815 930,642 1,052,400 Business-type activities
Water 99,029 104,542 102,538 101,546 117,007 Wastewater 33,059 32,461 32,436 30,828 35,415
Storm drainage 40,186 44,786 40,942 41,238 48,231
Solid waste 57,408 59,176 64,060 63,228 77,838
Community center 27,058 31,298 25,257 29,456 32,916
Parking 14,354 13,997 11,454 10,675 12,476
Child development 6,766 5,594 3,422 5,626 6,339
Total business-type activities expenses 277,860 291,854 280,109 282,597 330,222 Total primary government expenses 1,094,961$ 1,189,043$ 1,270,924$ 1,213,239$ 1,382,622$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments. (2) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology , and Public Works in FY16. (3) The Economic Development function was reallocated to the General Government function in FY18. (4) 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)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2014 2015 2016 2017 2018
Program Revenues
Governmental activities
Charge for services
General government 7,270 $ 6,436 $ 7,103 $ 6,573 $ 19,438 $ Police 10,804 11,583 11,022 13,068 12,586 Fire 26,155 32,264 31,204 30,897 42,898 Public works 30,337 32,840 37,179 42,897 50,159 General services (2) 1,756 1,251 - - - Economic development (3) 8,205 7,659 7,889 9,140 - Convention and cultural services 9,311 9,303 10,085 10,860 12,456 Youth, parks, and community enrichment 13,359 15,004 13,792 12,954 13,065 Community development 17,141 25,069 27,025 32,428 36,019 Library 59 29 - - - Total charge for services 124,397 141,438 145,299 158,817 186,621 Operating grants and contributions 47,430 52,306 35,442 36,938 41,811 Capital grants and contributions 89,539 115,354 122,528 86,856 101,476 Total governmental activities
program revenues 261,366 309,098 303,269 282,611 329,908 Business-type activities
Charge for services
Water 94,382 100,523 98,533 108,867 119,379 Wastewater 28,493 32,223 31,532 34,311 37,596 Storm drainage 38,049 37,646 40,166 40,124 39,512 Solid waste 58,561 59,095 60,253 61,548 63,556 Community center 7,718 8,748 8,782 9,488 9,848 Parking 18,643 16,595 17,646 18,374 19,003 Child development 5,632 5,553 6,073 5,713 6,419 Total charge for services 251,478 260,383 262,985 278,425 295,313 O
perating grants and contributions 1,963 2,142 3,435 3,967 2,179 Capital grants and contributions 4,403 7,292 7,433 6,229 23,726 Total business-type activities
program revenues 257,844 269,817 273,853 288,621 321,218 Total primary government
program revenues 519,210$ 578,915$ 577,122$ 571,232$ 651,126$ Net (Expense) Revenue
Governmental activities 261,366$ (318,426)$ (353,609)$ (375,805)$ (421,002)$ Business-type activities 208,830 48,433 49,434 52,893 69,466 Total primary government net expenses 470,196$ (269,993)$ (304,175)$ (322,912)$ (351,536)$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments. (2) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology , and Public Works in FY16. (3) 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)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2019 2020 2021 2022 2023
Program Revenues
Governmental activities
Charge for services
General government 22,908 $ 26,527 $ 28,247 $ 30,628 $ 27,839 $ Police 14,550 13,490 10,468 12,626 12,438
Fire 42,866 44,851 46,867 54,968 49,582
Public works 52,901 50,216 43,245 55,885 57,100
General services (2) - - - - -
Economic development (3) - - - - -
Convention and cultural services 12,622 10,385 8,823 10,901 12,831 Youth, parks, and community enrichment 13,365 12,429 8,952 12,470 13,319 Community development 38,218 38,646 34,287 35,516 35,562 Library - - - - -
Total charge for services 197,430 196,544 180,889 212,994 208,671 Operating grants and contributions 55,535 75,897 185,641 234,294 80,189 Capital grants and contributions 98,903 160,395 141,760 110,961 135,186 Total governmental activities
program revenues 351,868 432,836 508,290 558,249 424,046 Business-type activities
Charge for services
Water 127,868 142,041 144,070 136,613 135,399 Wastewater 42,275 44,562 43,829 44,327 44,809
Storm drainage 39,969 40,871 40,848 41,901 61,120
Solid waste 63,664 67,086 73,465 76,221 87,753
Community center 8,726 2,458 196 10,140 13,889
Parking 19,735 17,140 10,403 13,977 16,978
Child development 6,547 5,328 552 4,356 5,592
Total charge for services 308,784 319,486 313,363 327,535 365,540 Operati
ng grants and contributions 3,300 1,693 501 1,864 1,185 Capital grants and contributions 20,457 32,726 18,445 17,162 18,069 Total business-type activities
program revenues 332,541 353,905 332,309 346,561 384,794 Total primary government
program revenues 684,409$ 786,741$ 840,599$ 904,810$ 808,840$ Net (Expense) Revenue
Governmental activities (465,233)$ (464,353)$ (482,525)$ (372,393)$ (628,354)$ Business-type activities 54,681 62,051 52,200 63,964 54,572 Total primary government net expenses (410,552)$ (402,302)$ (430,325)$ (308,429)$ (573,782)$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments. (2) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology , and Public Works in FY16. (3) 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)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2014 2015 2016 2017 2018
General Revenues and Other
Changes in Net Position
Governmental activities
Taxes:

Property taxes 122,477 $ 129,714 $ 138,354 $ 146,697 $ 156,710 $ Utility user taxes 59,613 59,947 61,404 62,997 62,989 Other taxes 61,584 66,205 70,761 77,608 83,981 Sales taxes shared state revenue 56,575 58,476 67,983 81,296 82,987 In-lieu sales tax 16,823 16,632 14,387 - - Investment earnings (loss) 10,136 8,769 11,328 9,178 5,593 Miscellaneous 8,853 11,060 12,954 14,221 17,328 Contributions to permanent fund 1 1 - - - Gain (loss) on disposition of capital assets 4,567 5,340 - (79,916) - Special items (2,500) - (8,830) - - Transfers 28,571 32,148 14,773 31,443 34,525 Total governmental activities 366,700 388,292 383,114 343,524 444,113 Business-type activities
Taxes:

Other taxes 17,943 20,108 21,800 23,866 26,839 Investment earnings (loss) 3,294 1,567 4,428 1,292 1,013 Miscellaneous 3 5 20 20 37 Gain (loss) on disposition of capital assets - - - 17 424 Special items 18,527 4,554 - - - T
ransfers (28,571) (32,148) (14,773) (31,443) (34,525) Total business-type activities 11,196 (5,914) 11,475 (6,248) (6,212) Total primary government 377,896$ 382,378$ 394,589$ 337,276$ 437,901$ Change in Net Position
Governmental activities 366,700$ 69,866$ 29,505$ (32,281)$ 23,111$ Business-type activities 11,196 42,519 60,909 47,180 63,254 Total primary government 377,896$ 112,385$ 90,414$ 14,899$ 86,365$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year
218

City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2019 2020 2021 2022 2023
General Revenues and Other
Changes in Net Position
Governmental activities
Taxes:

Property taxes 170,439 $ 184,142 $ 198,380 $ 211,331 $ 228,337 $ Utility user taxes 60,128 60,039 62,164 65,461 69,529 Other taxes 105,997 148,998 171,808 193,912 182,459 Sales taxes shared state revenue 93,770 90,970 99,325 115,260 115,343 In-lieu sales tax - - - - -
Investment earnings (loss) 20,923 19,646 4,618 (27,883) 11,711 Miscellaneous 14,834 15,743 12,064 15,304 13,377
Contributions to permanent fund - - - - -
Gain (loss) on disposition of capital assets - - - - - Special items 7,000 - - - -
Transfers 35,524 34,947 18,647 25,995 40,152
Total governmental activities 508,615 554,485 567,006 599,380 660,908 Business-type activities
Taxes:

Other taxes 29,477 21,504 15,545 26,843 31,294
Investment earnings (loss) 20,020 16,940 5 (24,014) 4,399 Miscellaneous - - - - -
Gain (loss) on disposition of capital assets 1,747 - 27 - (74) Special items 2,553 - - - -
Trans
fers (35,524) (34,947) (18,647) (25,995) (40,152) Total business-type activities 18,273 3,497 (3,070) (23,166) (4,533) Total primary government 526,888$ 557,982$ 563,936$ 576,214$ 656,375$ Change in Net Position
Governmental activities 43,382$ 90,132$ 84,481$ 226,987$ 32,554$ Business-type activities 72,954 65,548 49,130 40,798 50,039 Total primary government 116,336$ 155,680$ 133,611$ 267,785$ 82,593$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the d epartments.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year
219

City of Sacramento
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
2014 2015 2016 2017 2018
General Fund
Nonspendable:

Prepaid items 66$ 7$ 2$ 12$ 45$
Leas
es - - - - -
D
ue from other funds - - - 3,800 3,800
N
oncurrent assets - 4 - - -
Re
stricted:

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

Economic uncertainty 33,714 38,967 46,950 49,644 52,700 Capital projects 21,728 32,987 37,526 49,265 37,583 Community center theater renovation 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 6,189 Pens
ion - - - - 5,000
OPEB - 6,717 6,752 5,324 2,619
Set-
aside for FY24 Budget - - - - -
SC
XEA labor for FY2020 - - - - -
H
omeless programs 1,000 750 250 - -
Gas tax - - - 2,087 2,087
Other
programs 12,909 8,860 13,953 19,280 37,325 Assigned:

Unrealized investment gains 173 50 732 - -
U
nassigned 17,395 16,028 26,649 24,739 25,021 Total general fund 98,907$ 123,444$ 149,996$ 155,554$ 172,369$ All Other Governmental Funds
Nonspendable:

Prepaid items 24$ 24$ -
$ -$ -
$
Leases - - - - -
N
oncurrent assets 451 369 283 193 98
Per
manent fund principal 878 878 878 878 878
Re
stricted:

Capital projects 126,262 124,790 138,562 149,664 159,439 Debt service 17,548 20,218 51,691 58,904 28,539 Public works programs 11,830 - 14,522 13,152 18,857 Am
bulance service - 13,842 - - -
Ec
onomic development programs 22,484 17,271 16,887 41,548 44,920 Other
programs 29,924 27,029 27,793 28,818 35,025 Co
mmitted:

Economic uncertainty - - - - -
C
apital projects 4,024 3,355 7,017 9,359 18,245 Grant retention 4,049 500 - - -
D
ebt service 6,583 5,660 8,733 19,110 21,543 Housing trust fund - - - - -
B Str
eet Theater project - 16,391 21,360 - -
Ec
onomic development programs 5,125 - - - -

OPEB - - - - -
Set-
aside for FY24 Budget - - - - -
Other
programs 25,486 50,001 51,024 56,715 40,683 Assigned:

Debt service 973 717 2,547 2,406 2,008 U
nrealized investment gains 47 15 40 - -
Other
programs 4,047 2,344 60 - 360
U
nassigned (22,121) (26,554) (19,657) (18,037) (22,656) T
otal all other governmental funds 237,614$ 256,850$ 321,740$ 362,710$ 347,939$ Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

220
City of Sacramento
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
2019 2020 2021 2022 2023
General Fund
Nonspendable:

Prepaid items -$ 1,279$ 1,084$ 1,767$ 756$ Leases - - - 1,032 1,743
Due from other funds - - - - -
Noncurrent assets - - - - -
Restricted:

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

Economic uncertainty 55,200 55,200 58,499 61,310 72,534 Capital projects 39,995 57,689 57,417 50,410 58,540 Community center theater renovation - - - - -
Housing trust fund - - - 1,000 1,000
B Street Theater project - - - - -
Fire programs 9,568 5,635 7,438 8,426 14,999 Pension 13,500 - - - -
OPEB 6,644 4,264 6,828 5,727 6,072 Set-aside for FY24 Budget - - 5,500 20,891 26,500 SCXEA labor for FY2020 4,256 - - - -
Hom
eless programs - - - - -
Gas tax 2,087 - - - -
Other programs 46,052 49,405 72,809 133,367 131,163 Assigned:

Unrealized investment gains 381 1,960 103 - - Unassigned 32,923 50,007 30,315 44,080 11,172 Total general fund 210,606$ 225,439$ 239,993$ 328,010$ 324,479$ All Other Governmental Funds
Nonspendable:

Prepaid items -$ 5,715$ 8,783$ 10,267$ 29$ Leases - - - 40 109
Noncurrent assets - - - - -
Permanent fund principal 878 878 578 578 578
Restricted:

Capital projects 183,772 208,205 230,323 241,218 282,956 Debt service 28,119 27,884 22,722 21,629 22,919 Public works programs 22,071 23,618 21,141 21,293 21,885 Ambulance service - - - - -
Economic development programs 48,878 46,954 49,537 55,545 72,326 Other programs 48,003 63,026 60,517 65,955 79,938 Commit
ted:

Economic uncertainty - - 449 1,046 1,773
Capital projects 14,407 15,369 23,523 19,180 23,874 Grant retention - - - - -
Debt service 17,291 11,401 12,157 11,802 9,987 Housing trust fund - - 15,000 904 600
B Street Theater project - - - - -
Economic development programs - - - - -
OPEB - - - 290 465
Set-aside for FY24 Budget - - - 1,971 4,000 Other programs 48,473 62,167 55,672 86,392 76,262 Assigned:

Debt service 2,700 2,968 2,270 2,017 2,056 Unrealized investment gains 51 675 51 - -
Other programs 18 170 63 - -
Unassigned (18,503) (33,465) (32,460) (29,423) (45,591) Total all other governmental funds 396,158$ 435,565$ 470,326$ 510,704$ 554,166$ Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

221
City of Sacramento
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
F
iscal
Year
2014 2015 2016 2017 2018
Revenues
Taxes 320,832 $ 334,649 $ 365,482 $ 382,155 $ 406,011 $ Intergovernmental 105,172 111,017 128,190 73,082 80,415 Charges for services 71,889 86,061 89,765 105,446 121,368 Fines, forfeits and penalties 11,221 11,403 12,720 11,429 12,643 Interest, rents, and concessions 14,417 12,681 15,221 14,220 10,794 Community service fees 4,693 7,869 16,460 29,740 30,654 Assessment levies 38,668 41,884 43,475 44,339 47,048
Contributions and donations 43,018 45,177 35,820 33,637 14,253 Miscellaneous 570 501 2,761 383 731
Total revenues 610,480 651,242 709,894 694,431 723,917 Expenditures
General government 26,170 28,491 34,197 41,413 72,772
Police 138,653 149,448 152,245 159,572 169,273 Fire 107,538 110,585 119,814 127,970 136,161 Public works 34,706 35,502 42,194 45,457 49,841
General services (1) 9,564 10,058 - - -
Con
vention and cultural services 10,481 10,978 11,738 12,838 14,372 Economic development (2) 12,418 10,797 9,871 13,270 -
Y
outh, parks, and community enrichment (3) 35,632 38,894 37,801 38,707 38,615 Community development 23,902 26,819 34,110 40,499 45,787 Community response(4) - - - - -
Li
brary 12,482 14,496 14,771 14,903 16,421
Utilities 607 522 701 1,583 2,034
Citywide and community support 36,965 37,216 47,961 48,435 46,576 Capital outlay 106,840 128,805 337,817 82,465 90,397 Debt service
Principal 26,218 23,699 16,481 28,677 48,445
Interest and fiscal charges 22,772 33,493 24,822 28,555 24,529 Bond issuance costs -
-
5,483 49 1,415
Subtotal - debt service 48,990 57,192 84,838 57,281 74,389 Total Expenditures 604,948 659,803 928,058 684,393 756,638 Excess (deficiency) of revenues over
(under) expenditures 5,532 (8,561)
(218,164) 10,038 (32,721)
Other financing sources (uses)
Tran
sfers in 63,584 69,117 306,810 66,386 70,558 Transfers out (34,527)
(33,267)
(270,358) (31,871)
(35,801)
Issu
ance of long-term debt 6,050 3,984 401,943 1,976 8 Premium on long-term debt -
-
13,972 -
-
Proceeds from sal
e of property 4,902 12,500 -
-
-
Paymen
ts to refunded bond escrow - - (133,931) - - T
otal other financing sources (uses) 40,009 52,334 318,436 36,491 34,765 Special items - - (8,830) - -
Changes in fund balances 45,541$ 43,773$ 91,442$ 46,529$ 2,044$ Debt servi
ces as a percentage of
noncapital expenditures 9.49% 10.46% 12.71% 9.27% 10.61% Note: (1) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology, and P
ublic Works in FY16.
(2) T
he Economic Development function was reallocated to the General Government function in FY18. (3) T
he Department of Parks and Recreation has been renamed to the Department of Youth, Parks, and Community Enrichment in FY19. (4) T
he 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
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
Fiscal Year
2019 2020 2021 2022 2023
Revenues
Taxes 434,759$ 489,569$ 533,811$ 587,137$ 597,288$ Intergovernmental 97,658 114,274 237,428 292,186 144,284 Charges for services 131,609 131,135 120,468 133,686 139,033 Fines, forfeits and penalties 16,397 13,309 7,630 10,264 9,450 Interest, rents, and concessions 24,907 20,718 10,101 (17,897) 17,562 Community service fees 30,651 29,072 27,217 25,076 31,251 Assessment levies 52,476 50,080 52,000 56,515 60,583
Contributions and donations 49,053 36,603 52,877 11,636 25,340 Miscellaneous 718 974 1,250 12,543 1,317
Total revenues 838,228 885,734 1,042,782 1,111,146 1,026,108 Expenditures
General government 85,272 117,640 222,591 170,394 143,461 Police 182,538 203,980 211,307 223,613 235,276 Fire 144,043 159,771 168,103 180,143 192,220 Public works 51,289 47,350 51,040 53,547 60,666
General services (1) - - - - -
Convention and cultural services 15,117 13,459 12,415 14,554 21,636 Economic development (2) - - - - -
Youth, parks, and community enrichment (3) 40,866 45,791 41,878 49,652 55,084 Community development 54,342 67,128 68,404 64,395 61,028 Community response(4) - - - 10,446 19,680
Library 17,732 18,867 21,218 22,349 23,472
Utilities 2,495 3,555 3,882 4,137 4,862
Citywide and community support 42,827 50,691 51,632 58,583 58,755 Capital outlay 79,175 103,790 130,426 156,249 120,518 Debt service
Principal 56,284 21,308 26,228 33,864 22,154
Interest and fiscal charges 24,818 24,501 21,661 19,784 27,227 Bond issuance costs 116 1 - - -
Subtotal - debt service 81,218 45,810 47,889 53,648 49,381 Total Expenditures 796,914 877,832 1,030,785 1,061,710 1,046,039 Excess (deficiency) of revenues over
(under) expenditures 41,314 7,902 11,997 49,436 (19,931) Other financing sources (uses)
Transfers in 69,931 74,660 106,614 86,090 91,695 Transfers out (33,114) (37,657) (80,551) (59,045) (49,889) Issuance of long-term debt 1,325 5,452 11,255 51,914 18,056 Premium on long-term debt - - - - -
Proceeds from sale of property - - - - -
Payments to refunded bond escrow - - - - -
Total other financing sources (uses) 38,142 42,455 37,318 78,959 59,862 Special item
s 7,000 3,883 - - -
Changes in fund balances 86,456$ 54,240$ 49,315$ 128,395$ 39,931$ Debt services as a percentage of
noncapital expenditures 10.56% 5.70% 5.10% 5.49% 4.95%
Note: (1) The Department of General Services has been reallocated to the Departments of Community Development, Information Technology, and Public Works in FY16.
(2) The Economic Development function was reallocated to the General Government function in FY18. (3) The Department of Parks and Recreation has been renamed to the Department of Youth, Parks, and Community Enrichment in FY19. (4) 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
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 2023 229,039 245,828 69,529 52,892 597,288 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
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 2023 64,677,204 2,136,640 8,950 66,822,794 439,794 66,383,000 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 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
2023 1.0000 __ 0.1506 __ 1.1506
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 Percentage
of Total of Total
Assessed Assessed Assessed Assessed
Taxpayer Valuation Rank Valuation Valuation Rank Valuation Sacramento Kings 326,921$ 1 0.49 % - - SRI Eleven 621 Capitol Mall LLC 257,026 2 0.39 - - Oakmont Properties LLC 213,975 3 0.32 - - Hancock SREIT Sacramento LLC 204,825 4 0.31 - - M/H Realty Partners VI LP 199,168 5 0.30 - - Natomas Development Partners LLC 176,526 6 0.27 - - Kaiser Foundation Health Plan INC. 170,787 7 0.26 - - Prime US-Park Tower LLC 170,596 8 0.26 - - HP Hood LLC 167,643 9 0.25 84,287$ 7 0.23 % BRE Depot Park LLC 163,880 10 0.25
Hines VAF II Sacramento - - 442,978 1 1.20 CIM Sacramento LLC - - 230,772 2 0.62 Arden Fair Associates - - 137,159 3 0.37 Verizon Wireless - - 132,738 4 0.36 621 Capitol Mall LLC - - 124,810 5 0.34 300 Capitol Association NF LP - - 109,000 6 0.30 Target Corp - - 81,423 8 0.22 500 Capitol Mall LLC - - 79,119 9 0.21 Capitol Regency LLC - - 74,784 10 0.20 2,051,347 3.10 1,497,070 4.05 All other taxpayers 64,331,653 96.90 35,427,185 95.95 Total 66,383,000$ 100.00 % 36,924,255$ 100.00 % Source: County of Sacramento, Office of Auditor/Controller 20142023
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
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% 2023 225,814 (2) (3) 223,901 99.15% 1,913 225,814 100.00% Notes: (1) Property taxes in 2014 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 Leases and IT Revenue Notes Leases and IT Primar y Year Bonds Payable Subscriptions(8)(9) Bonds Payable Subscriptions(8)(9) Government 2014 (1)
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 (2)
627,351 15,290 7,294 493,406 26,340 8,654 1,178,335 2017 (3)
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 (4)
513,186 14,014 1,011 831,547 33,185 2,340 1,395,283 2020 (5)
494,320 16,915 325 858,891 56,713 973 1,428,137 2021 (6)
475,282 16,909 199 822,397 124,073(7) - 1,314,787 2022 459,996 16,702 1,643 794,212 143,211(7) 2,012 1,274,565 2023 443,396 16,385 11,425 765,573 136,812(7) 3,332 1,240,111 Notes:
(1) In 2014, Marina fund notes payable and leases were reclassified to governmental activities. (2) In 2016, $273 million of lease revenue bonds and a $183 million refunding revenue bonds were issued. (3) In 2017, $53 million of revenue bonds were issued for improvements to the City's municipal water system. (4)
(5)
(6)
(7)
(8)
(9)
NA Personal income data for the City was not available.

Source: City of Sacramento Annual Comprehensive Financial Reports Notes payable includes State Revolving Fund (SRF) 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 FY23, the City submitted one additional requisition to the CA State Water Resources Control Board for reimbursement of eligible costs.

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

In 2023, GASB 96 was implemented related to IT subscriptions.

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 system.

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

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

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
2014 (1) NA 475,122 2,165 $
2015 NA 480,105 2,038
2016 (2) NA 485,683 2,426
2017 (3) NA 493,025 2,409
2018 NA 501,344 2,231
2019 (4) NA 508,172 2,746
2020 (5) NA 510,931 2,795
2021 (6) NA 515,673 2,550
2022 NA 518,037 2,460
2023 NA 518,161 2,393
Notes:
(1) In 2014, Marina fund notes payable and leases were reclassified to governmental activities. (2) In 2016, $273 million of lease revenue bonds and a $183 million refunding revenue bonds were issued. (3) In 2017, $53 million of revenue bonds were issued for improvements to the City's municipal water system. (4)
(5)
(6)
(7)
(8)
(9) In 2023, GASB 96 was implemented related to IT subscriptions.

NA Personal income data for the City was not available.

Source: City of Sacramento Annual Comprehensive Financial Reports Notes payable includes State Revolving Fund (SRF) 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 FY23, the City submitted one additional requisition to the CA State Water Resources Control Board for reimbursement of eligible costs.

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 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.

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
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 - 2023 - - - 66,383,000 0.00% 518,161 - 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, 2023
(in thousands)
Estimated
Total Share of
Governmental Unit Debt Overlapping
Outstanding Debt
Overlapping Tax and Assessment Debt:

Los Rios Community College District 448,500$ 26.887 % 120,588$ Elk Grove Unified School District 431,600 11.359 49,026 Natomas Unified School District 394,680 83.037 327,730 Sacramento Unified School District 683,828 85.095 581,903 San Juan Unified School District 680,488 2.808 19,108 Twin Rivers Unified School District:

Twin Rivers Unified School District (former Elementary School District bonds) 87,270 51.096 44,592 Twin Rivers Unified School District (former Grant Joint Union High School District bonds) 290,599 50.342 146,293 Robla School District 89,717 53.691 48,170
City of Sacramento Community Facilities Districts 229,260 100.000 229,260 Elk Grove Unified School District Community Facilities District No. 1 171,651 11.359 19,498 California Statewide Community Development Authority Assessment Districts 29,032 100.000 29,032 Sacramento Area Flood Control Agency Consolidated Capital Districts Assessment District 306,140 85.335 261,245 Sacramento Area Flood Control Agency Natomas Local Assessment District 30,225 82.936 25,067 1,901,512 Subtotal - Overlapping Tax and Assessment Debt Direct and Overlapping General Fund Debt:

Sacramento County General Fund Obligations 116,786 32.322 37,748 Sacramento County Pension Obligation Bonds 540,587 32.322 174,729 Sacramento County Board of Education General Fund Obligations 2,150 32.322 695 Elk Grove Unified School District General Fund Obligations 10,872 11.359 1,235 Sacramento Unified School District General Fund Obligations 52,060 85.095 44,300 Arcade Creek Recreation and Park District General Fund Obligations 151 1.033 2 Fulton-El Camino Recreation and Park District General Fund Obligations 964 18.363 177 Subtotal - Direct and Overlapping General Fund Debt 258,886 Total Overlapping Debt 2,160,398
City of Sacramento Direct Debt (2) 471,206
Total Direct and Overlapping Debt 2,631,604$
Note: (1)
Note: (2) City of Sacramento Direct Debt includes bonds, notes payable, lease liabilities and IT subscription liabilities.

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 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% 2023 66,383,000 9,957,450 - - - 9,957,450 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
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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
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 2023 135,399 72,740 62,659 14,486 10,425 2.52 Fiscal Year Gross Revenue
Less: Operating
Expenses (1)
Net Revenue Principal Interest Coverage
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 2023 44,809 28,485 16,324 1,980 1,882 4.23
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
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
2023 61,120 37,131 23,989 95 66 149.00
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
2023 31,294 - 31,294 5,480 13,492 1.65
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
2023 3,619 - 3,619 915 1,826 1.32
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 five years are shown. (4) Debt service requirements include 2019 STID Assessment Revenue Bonds. Therefore, only four 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)
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 2023 1,572,453 96,797 61,558 35 N/A 247,646 4.4 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 107,876 1 15.34% 72,220 1 11.44%
UC Davis Health System 16,075 2 2.29% 9,905 4 1.57%
Sacramento County 13,252 3 1.88% 10,700 2 1.70%
Kaiser Permanente 10,934 4 1.56% 5,421 8 0.86%
U.S. Government 10,507 5 1.49% 9,906 3 1.57%
Sutter Health 9,350 6 1.33% 7,352 5 1.16%
Dignity Health 7,353 7 1.05% 6,212 6 0.98%
Intel Corporation 5,000 8 0.71% 6,000 7 0.95%
San Juan Unified School District 4,801 9 0.68% - - -
Los Rios Community College District 3,049 10 0.43% - - - Elk Grove Unified School District - - - 5,410 9 0.86%
Sacramento City Unified School District - - - 4,200 10 0.67% Notes:
(1) R
anked 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 703,100 per E
mployment Development Department website) in July 2023.

Sources: (A) Sacramento Business Journal, June 3, 2022. List of largest employers in Sacramento County. (B) Em
ployment Development Department, State of California.
20142023
239
PROJECT AREA 2014 2015 2016 2017 2018
Merged Downtown
Secured 2,300,993$ 2,344,213$ 2,461,341$ 2,682,975$ 3,294,112$ Unsecured 132,581 138,662 124,172 110,587 131,439 Utility 770 770 748 748 748
Total 2,434,344$ 2,483,645$ 2,586,261$ 2,794,310$ 3,426,299$ Del Paso Heights
Secured 289,856$ 311,285$ 317,886$ 338,354$ 380,389$ Unsecured 12,659 14,464 13,621 15,440 14,149 Utility 1 1 1 1 1
Total 302,516$ 325,750$ 331,508$ 353,795$ 394,539$ Alkali Flat
Secured 112,883$ 120,103$ 123,251$ 136,555$ 158,376$ Unsecured 3,224 3,504 2,963 2,996 2,920 Utility - - - - -
Total 116,107$ 123,607$ 126,214$ 139,551$ 161,296$ Oak Park
Secured 466,006$ 476,624$ 501,132$ 567,966$ 610,203$ Unsecured 9,763 9,483 24,938 27,750 28,003 Utility - - - - -
Total 475,769$ 486,107$ 526,070$ 595,716$ 638,206$ River District (formerly Richards Blvd)
Secured 375,825$ 403,452$ 393,
540$ 404,183$ 413,627$
Unsecured 29,486 35,352 37,314 34,732 36,120 Utility 4,779 4,779 2,591 2,591 2,591 Total 410,090$ 443,583$ 433,445$ 441,506$ 452,338$ North Sacramento
Secured 498,272$ 509,637$ 523,526$ 555,437$ 556,306$ Unsecured 36,413 40,115 36,778 36,563 36,555 Utility - - - - -
Total 534,685$ 549,752$ 560,304$ 592,000$ 592,861$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

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

240
PROJECT AREA 2019 2020 2021 2022 2023
Merged Downtown
Secured 3,572,623$ 3,854,509$ 3,927,521$ 3,928,629$ 4,113,421$ Unsecured 147,725 169,620 169,037 170,979 174,954 Utility 696 7 7 7 7
Total 3,721,044$ 4,024,136$ 4,096,565$ 4,099,615$ 4,288,382$ Del Paso Heights
Secured 414,850$ 469,286$ 510,477$ 547,780$ 598,130$ Unsecured 21,771 23,390 28,109 28,417 28,240 Utility 1 - - - -
Total 436,622$ 492,676$ 538,586$ 576,197$ 626,370$ Alkali Flat
Secured 198,843$ 228,034$ 250,906$ 256,211$ 277,676$ Unsecured 3,485 3,582 3,794 2,387 2,569 Utility - - - - -
Total 202,328$ 231,616$ 254,700$ 258,598$ 280,245$ Oak Park
Secured 686,458$ 787,243$ 831,901$ 892,936$ 986,212$ Unsecured 31,947 23,271 25,615 30,460 30,361 Utility - - - - -
Total 718,405$ 810,514$ 857,516$ 923,396$ 1,016,573$ River District (formerly Richards Blvd)
Secured 444,
699$ 474,858$ 535,733$ 570,395$ 634,675$ Unsecured 37,676 35,370 35,657 38,301 37,076 Utility 2,464 2,752 2,705 2,705 2,705 Total 484,839$ 512,980$ 574,095$ 611,401$ 674,456$ North Sacramento
Secured 605,147$ 681,316$ 743,818$ 824,135$ 866,736$ Unsecured 43,011 50,625 57,168 57,816 81,916 Utility - 719 719 719 719
Total 648,158$ 732,660$ 801,705$ 882,670$ 949,371$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

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

241
PROJECT AREA 2014 2015 2016 2017 2018
Franklin Boulevard
Secured 556,190$ 482,823$ 474,370$ 497,711$ 544,375$ Unsecured 37,903 32,000 31,565 35,431 34,068 Utility - - - - -
Total 594,093$ 514,823$ 505,935$ 533,142$ 578,443$ Stockton Boulevard
Secured 345,330$ 364,463$ 384,262$ 403,482$ 442,555$ Unsecured 17,293 17,731 16,742 15,941 15,798 Utility - - - - -
Total 362,623$ 382,194$ 401,004$ 419,423$ 458,353$ Army Depot
Secured 826,125$ 864,133$ 928,249$ 979,664$ 1,052,144$ Unsecured 149,382 139,964 110,209 106,652 111,552 Utility 943 943 1,072 1,072 1,072 Total 976,450$ 1,005,040$ 1,039,530$ 1,087,388$ 1,164,768$ 65th Street
Secured 228,785$ 231,632$ 243,684$ 276,299$ 350,567$ Unsecured 14,536 17,543 14,033 15,339 17,768 Utility - - - - -
Total 243,321$ 249,175$ 257,717$ 291,638$ 368,335$ Railyards
Secured 80,
200$ 75,245$ 68,288$ 62,600$ 66,406$ Unsecured 4,454 5,973 10,940 7,310 7,151 Utility - - - - -
Total 84,654$ 81,218$ 79,228$ 69,910$ 73,557$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

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

242
PROJECT AREA 2019 2020 2021 2022 2023
Franklin Boulevard
Secured 578,295$ 608,313$ 643,432$ 672,091$ 748,607$ Unsecured 33,800 36,098 38,111 40,569 49,929 Utility - - - - -
Total 612,095$ 644,411$ 681,543$ 712,660$ 798,536$ Stockton Boulevard
Secured 471,634$ 510,666$ 556,549$ 592,937$ 641,363$ Unsecured 18,937 19,758 23,067 23,646 25,436 Utility - - - - -
Total 490,571$ 530,424$ 579,616$ 616,583$ 666,799$ Army Depot
Secured 1,130,114$ 1,302,802$ 1,391,639$ 1,475,193$ 1,615,593$ Unsecured 115,208 132,775 138,567 150,127 211,999 Utility 1,072 1,037 1,037 1,037 1,037 Total 1,246,394$ 1,436,614$ 1,531,243$ 1,626,357$ 1,828,629$ 65th Street
Secured 425,730$ 532,239$ 553,158$ 598,845$ 637,581$ Unsecured 22,692 22,321 25,276 37,486 39,503 Utility - 94 94 94 94
Total 448,422$ 554,654$ 578,528$ 636,425$ 677,178$ Railyards
Secured 67,
471$ 71,495$ 104,469$ 109,005$ 126,886$ Unsecured 11,438 13,940 15,667 12,508 10,710 Utility - - - - -
Total 78,909$ 85,435$ 120,136$ 121,513$ 137,596$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

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

243
City of Sacramento
Merged Downtown
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value HANCOCK SREIT SACRAMENTO LLC 204,825 $ 102,410 $ (102,415) $ 11.88% CIM-J STREET HOTEL SACTO 158,794 79,398 (79,396) 9.21% SHORENSTEIN PROPERTIES LLC 89,306 60,000 (29,306) 3.40% GPT PROPERTIES TRUST 89,242 44,621 (44,621) 5.17% KAISER FOUNDATION HEALTH PLAN INCORPORATED 76,349 38,175 (38,174) 4.43% 15TH/L INVESTORS LLC 70,604 7,060 (63,544) 7.37% MNCVAD II OFC 770 L STATE CA LLC 47,713 23,856 (23,857) 2.77% MNCVAD II OFC 630 K STREET CA LLC 28,949 14,474 (14,475) 1.68% CIM-J STREET GARAGE SACTO 21,030 10,515 (10,515) 1.22%

ATRIUM HOSPIITALITY 19,529 11,697 (7,832) 0.91% Subtotal 806,341 392,206 (414,135) 48.02% All Other Taxpayers 56,046 23,300 (32,746) 3.80% Total 862,387 $ 415,506 $ (446,881) $ 51.82% 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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
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 2,686 $ 1,612 $ (1,074) $ 18.89% 4555 CARMICHAEL LLC 2,633 1,711 (922) 16% TESLA ENERGY OPERATIONS INC. 292 146 (146) 3% DIRECTV LLC 74 44 (30) 1% Subtotal 5,685 3,513 (2,172) 38.21% All Other Taxpayers - - - - Total 5,685 $ 3,513 $ (2,172) $ 38.21%

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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
245
City of Sacramento
Alkali Flat
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value HEARST TELEVISION INC. 17,054 $ 13,309 $ (3,745) $ 19.44% JOHN B ADAMO 2,209 1,350 (859) 4.46% Subtotal 19,263 14,659 (4,604) 23.90% All Other Taxpayers - - - - Total 19,263 $ 14,659 $ (4,604)$ 23.90% 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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
246
City of Sacramento
Oak Park
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value DAVITA INC 6,453 $ 645 $ (5,808)$ 66.35% ALMA SANTILLAN, TTEE 1,300 1,020 (280) 3.20% ALMA SANTILLAN, TTEE 480 200 (280) 3.20% SHERRIE L KELLY 170 65 (105) 1.20% WALGREENS 123 84 (39) 0.45% WALGREENS #4170 PPT 114 95 (19) 0.22% WALGREEN CO 113 87 (26) 0.30% Subtotal 8,753 2,196 (6,557) 74.91% All Other Taxpayers - - - - Total 8,753 $ 2,196 $ (6,557) $ 74.91% 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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
247
City of Sacramento
River District
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value JMDH REAL ESTATE SACRAMENTO LLC 6,100 $ 3,000 $ (3,100) $ 42.48% JOHNATHAN HENIEMI 1,197 104 (1,093) 14.98% Subtotal 7,297 3,104 (4,193) 57.46% All Other Taxpayers - - - - Total 7,297 $ 3,104 $ (4,193) $ 57.46% 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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
248
City of Sacramento
North Sacramento
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value ROSEVILLE LIFE PROPERTIES 39,983$ 19,991$ (19,992)$ 13.36% SEVEN UP BOTTLING COMPANY OF SAN FRANCISCO 31,576 15,788 (15,788) 10.55% WOODLAKE CARE GROUP 28,556 17,130 (11,426) 7.64% WOODLAKE CARE GROUP LLC 28,263 17,130 (11,133) 7.44% RECREATIONAL EQUIPMENT INC 7,590 3,795 (3,795) 2.54% GROCERY OUTLET AS LESSEE 4,753 2,376 (2,377) 1.59% GROCERY OUTLET AS LESSEE 4,660 2,330 (2,330) 1.56% CARDINAL HEALTH 2,061 1,071 (990) 0.66% SAC X3 LLC 1,750 785 (965) 0.64% WALGREENS 141 78 (63) 0.04% Subtotal 149,333 80,474 (68,859) 46.02% All Other Taxpayers 300 175 (125) 0.08% Total 149,633 $ 80,649$ (68,984)$ 46.02% 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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
249
City of Sacramento
Franklin Boulevard
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value 3100 52ND AVENUE LLC 17,860 $ 12,530 $ (5,330) $ 12.38% SACRAMENTO CHILDRENS HOM 8,236 4,118 (4,118) 9.57% MACY'S WEST STORES 5,748 1,947 (3,801) 8.83% MACY'S WAREHOUSE 5,002 2,600 (2,402) 5.58% MACY'S INC 3,544 2,199 (1,345) 3.13% OREILLY AUTO PARTS 2,591 1,296 (1,295) 3.01% JEN KITCHEN 28 5 (23) 0.05% JEN KITCHEN 28 5 (23) 0.05% Subtotal 43,037 24,700 (18,337) 42.61% All Other Taxpayers - - - - Total 43,037 $ 24,700 $ (18,337) $ 42.61% 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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
250
City of Sacramento
Stockton Boulevard
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value H/S ENERGY LLC 2,300 $ 200 $ (2,100)$ 26.12% FRANCIS/TERRIE CRINELLA FAMILY REV TRUST 1,829 933 (896) 11.15% H/S ENERGY LLC 1,634 1,144 (490) 6.10% ROSS DRESS FOR LESS #1837 652 326 (326) 4.06% ROSS 572 286 (286) 3.56% WELLS FARGO 333 166 (167) 2.08% NUEVA VISTA SACRAMENTO 247 - (247) 3.07% DDS DISCOUNTS #5038 246 123 (123) 1.53% ROSS 226 113 (113) 1.41% Subtotal 8,039 3,291 (4,748) 59.06% All Other Taxpayers - - - - Total 8,039 $ 3,291 $ (4,748) $ 59.06% 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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
251
City of Sacramento
Army Depot
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value AXALTA COATING SYSTEM USA LLC 10,722 $ 9,200 $ (1,522) $ 13.21% FELIX LUU 497 380 (117) 1.02% PHILLIP L SANTOS 306 45 (261) 2.26% Subtotal 11,525 9,625 (1,900) 16.49% All Other Taxpayers - - - - Total 11,525 $ 9,625 $ (1,900) $ 16.49% 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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
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 96,100 $ 48,050 $ (48,050) $ 8.35% GEM CROSSINGS LLC 94,216 47,108 (47,108) 8.19% SSC SACRAMENTO APARTMENTS LLC 77,649 38,824 (38,825) 6.75% SSC SACRAMENTO APARTMENTS LLC 76,126 38,063 (38,063) 6.62% SSC SACRAMENTO APARTMENTS LLC 75,346 37,493 (37,853) 6.58% ACADEMY ON 65TH STATE OWNER LLC 35,286 17,643 (17,643) 3.07% ACADEMY ON 65TH STATE OWNER LLC 34,594 17,297 (17,297) 3.01% TARGET 28,859 948 (27,911) 4.85% TARGET 28,837 856 (27,981) 4.86% TARGET 28,381 27,354 (1,027) 0.18% Subtotal 575,394 273,636 (301,758) 52.44% All Other Taxpayers - - - - Total 575,394 $ 273,636 $ (301,758) $ 52.44% 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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
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)$ 19.93% SIMS METAL 3,455 1,727 (1,728) 15.24% SIMS METAL MGMT 3,363 1,682 (1,681) 14.83% Subtotal 11,336 5,668 (5,668) 50.00% All Other Taxpayers - - - - Total 11,336 $ 5,668$ (5,668)$ 50.00% 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, 2023.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2023
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) 352,617$ 1 8.22% -$ - CA Sacramento Commons LLC 221,577 2 5.17% - -

Hancock SREIT Sacramento LLC 208,922 3 4.87% - - SRI Eleven 621 Capitol Mall LLC 176,077 4 4.11% - - Prime US-Park Tower LLC 174,019 5 4.06% - - 500 Capitol Mall LLC 154,992 6 3.61% 118,033 3 4.85% 300 Capitol Mall Investors LP 136,170 7 3.18% - - 555 Cap Partners LP 122,610 8 2.86% - - GSA Sacramento Newco LLC 118,293 9 2.76% - - Sacramento CA I FGF LLC 111,030 10 2.59% - - Hines Sacramento Wells Fargo Center - - 206,544 1 8.48% 621 Capitol Mall LLC - - 125,470 2 5.15% 300 Capitol Associates NF LP - - 109,000 4 4.48% CIM/980 9th St Sacramento LP - - 98,981 5 4.07%

CIM/J Street Hotel Sacramento LP - - 74,498 6 3.06% Capitol Regency LLC - - 74,237 7 3.05% 1325 J Street LLC - - 68,282 8 2.80% 1415 Meridian Plaza LLC/Valley View Investors - - 65,149 9 2.68% KW Captowers LLC - - 64,987 10 2.67% Subtotal 1,776,307 41.42% 1,005,181 41.29% All Other Taxpayers 2,512,075 58.58% 1,429,163 58.71% Total 4,288,382 $ 100.00% 2,434,344$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2022-23 Project Area total taxable value.

Source: Sacramento County Assessor
2023 2014
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 Greater Sacramento Urban League 8,111$ 1 1.29% 6,112$ 1 2.02% Research Properties 6,212 2 0.99% 5,272 2 1.74% BM Ventures LLC 6,138 3 0.98% 4,700 3 1.55% 565 Display Way LLC 3,404 4 0.54% - - John A/Leta K Nichols 1994 Rev Trust 3,271 5 0.52% 2,776 5 0.92%

US Rentals Inc. 2,918 6 0.47% 2,476 6 0.82% Albert/Jacklin Yamin Trust 2,749 7 0.44% - - BM Ventures II LLC 2,746 8 0.44% - - 4555 Carmichael LLC 2,740 9 0.44% - - Ramon Canyon Associates LP 2,700 10 0.43% - - Woodhaven Senior Residences - - 4,448 4 1.47% Proffutt Limited Partnership - - 2,151 7 0.71% 23002 Moulton Parkway LLC - - 1,842 8 0.61% Lundbom Sacramento Realty INVS LP - - 1,547 9 0.51% Providence Comml Props LLC - - 1,453 10 0.48% Subtotal 40,989 6.54% 32,777 10.83% All Other Taxpayers 585,381 93.46% 269,739 89.17% Total 626,370$ 100.00% 302,516$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2022-23 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
2023 2014
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 24,207$ 1 8.64% -$ -

Hearst-Argyle Stations Inc. 17,995 2 6.42% 19,015 1 16.38% Robert Efren Cota Living Trust/Etal 14,229 3 5.08% - - 1000 G Street LLC 12,597 4 4.49% - - 520-530 9th Street LLC 4,921 5 1.76% - - 1220 E State LLC 3,186 6 1.14% - - Dhillon Real Estate LLC 2,800 7 1.00% - - Tristar Stockton Properties LLC 2,733 8 0.98% - - Ng-Yu Trust 2,406 9 0.86% - - Adamo John B/Diane G 2,253 10 0.80% - - City Park Apartment Homes LLC - - 8,725 2 7.51% GMA Investors LP - - 7,599 3 6.54% CC/B Holdings Inc. - - 5,840 4 5.03% Realty Advisors Inc. - - 5,490 5 4.73% John Dailey Trust/Charles D. Deloney - - 1,959 6 1.69% 700 E Street Building Partner - - 1,665 7 1.43% Tarpin Samuel D - - 1,468 8 1.26% 520 Ninth Street - - 1,450 9 1.25% Adrian L./Michelle J. Randolph Family Trust - - 1,341 10 1.15% Subtotal 87,327 31.16% 54,552 46.98% All Other Taxpayers 192,918 68.84% 61,555 53.02% Total 280,245$ 100.00% 116,107$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2022-23 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Alkali Flat
Current Fiscal Year and Nine Years Ago
2023 2014
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) 24,541$ 1 2.41% 10,561$ 2 2.22% Shriners Hospitals for Crippled Children 17,392 2 1.71% - - Rainbow Baking Co of Sac Valley (BBU INC) 13,884 3 1.37% 26,543 1 5.58% Glenn L Evans Trust 9,999 4 0.98% - - Great Chi Investment LLC 6,581 5 0.65% - - Crestwood Medical Center Hospital 5,099 6 0.50% 4,339 4 0.91% Security Public Storage 4,473 7 0.44% 3,715 5 0.78% JJAJ Ventures LP/Ventures JJAJ 3,977 8 0.39% - - Edmar Invs LLC 3,766 9 0.37% 3,196 6 0.67% Broadway Triangle LLC 3,654 10 0.36% - - US Bank National Association - - 5,324 3 1.12% St. Hope Academy - - 1,823 7 0.38% John C Skinner 2001 Living Trust - - 1,819 8 0.38% SRR Trading LLC - - 1,445 9 0.30%

Corky Bob LLC - - 1,406 10 0.30% Subtotal 93,366 9.18% 60,171 12.65% All Other Taxpayers 923,207 90.82% 415,598 87.35% Total 1,016,573$ 100.00% 475,769$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2022-23 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Oak Park
Current Fiscal Year and Nine Years Ago
2023 2014
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 115,857$ 1 17.18% 70,011$ 1 17.07%

29SC T9 Phase A Property Owner LLC 45,361 2 6.73% - - Grove River District LLC 40,271 3 5.97% 34,178 2 8.33% Nome OES LLC 29,070 4 4.31% - - AK Industrial II LLC 17,850 5 2.65% - - Bercut-Railyard LLC 17,784 6 2.64% - - Raama Investments LLC 14,680 7 2.18% - - Downtown Ford Re LLC 11,000 8 1.63% - - 29SC BC Holding Company LLC 10,820 9 1.60% - - Hoseit Management LLC 10,463 10 1.55% - - Mendell Allan/ETAL - - 8,843 3 2.16% Capitol Station 65 LLC - - 7,693 4 1.88% Dos Rios Venture - - 6,313 5 1.54% BA Hotel LLC - - 5,628 6 1.37% BRE/LQ Props LLC - - 5,517 7 1.35% Vida N Anello Revocable Living Trust - - 5,268 8 1.28% Henderson Enterprise LP - - 5,227 9 1.27% Detmer Family Limited Partnership - - 5,021 10 1.22% Subtotal 313,156 46.43% 153,699 37.48% All Other Taxpayers 361,300 53.57% 256,391 62.52% Total 674,456$ 100.00% 410,090$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2022-23 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - River District
Current Fiscal Year and Nine Years Ago
2023 2014
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 40,782$ 1 4.30% -$ - Woodlake Care Group LLC 29,709 2 3.13% - - Veyron/KDP US Leasing LLC 27,336 3 2.88% - - Price Company 25,431 4 2.68% 21,576 3 4.04% Arden Way Housing Associates LP 18,549 5 1.95% - - Omninet Sacramento Jardinette LLC/ETAL 18,128 6 1.91% - - Sacramento CA I MG LLC 17,748 7 1.87% - - Sacramento Healthcare Investors LP 17,090 8 1.80% - - HS Sacramento Self Storage LLC 15,643 9 1.65% - - SSCA 1300 El Camino Ave LLC 9,761 10 1.03% - - Westcore Delta LLC - - 34,839 1 6.52% Seven Up Bottling Company - - 32,201 2 6.02% McCuen Acoma Street Investors - - 11,862 4 2.22% Meriliz Incorporated - - 9,133 5 1.71% North Sacramento Land Company - - 8,156 6 1.53% Sutter Medical Foundation - - 7,999 7 1.50% Recreational Equipment Inc. - - 7,563 8 1.41% Sent Expo Pointe LLC - - 7,485 9 1.40% 2006 Tcherkoyan Family Trust - - 5,845 10 1.09% Subtotal 220,177 23.19% 146,659 27.43% All Other Taxpayers 729,194 76.81% 388,026 72.57% Total 949,371$ 100.00% 534,685$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2022-23 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - North Sacramento
Current Fiscal Year and Nine Years Ago
2023 2014
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 22,034$ 1 2.76% 39,898$ 1 6.72% 3100 52nd Avenue LLC 18,217 2 2.28% - - ESS CA-TIVS JV CA Reit Sub Limited Partnership 12,838 3 1.61% - - Rising South Point Owners LLC 8,678 4 1.09% - - Hillside Apartments LLC 8,594 5 1.08% - - Sacramento Children's Home (Garfield Beach CVS LLC) 8,401 6 1.05% 5,529 5 0.93% Greystone Place Invs LLC 7,794 7 0.98% - - Rosedown Associates LLC 7,003 8 0.88% 6,002 4 1.01% ABF Freight System Inc. 6,320 9 0.79% - - Campus Plaza Associates 5,367 10 0.67% - - Western Village LP - - 9,576 2 1.61% United States Cold Storage - - 9,408 3 1.58% Extra Space Props Ninety Four Limited Partnership - - 4,299 6 0.72% Sei/PSP Vi Joint Ventures - - 4,234 7 0.71% Bowling Green Associates - - 4,075 8 0.69% Con-Way Western Express Inc. - - 3,748 9 0.63% 47th Street Associates LLC - - 3,659 10 0.62% Subtotal 105,246 13.18% 90,428 15.22% All Other Taxpayers 693,290 86.82% 503,665 84.78% Total 798,536$ 100.00% 594,093$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2022-23 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Franklin Boulevard
Current Fiscal Year and Nine Years Ago
2023 2014
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 23,952$ 1 3.59% 11,666$ 1 3.22% Karma Apartments LLC 16,609 2 2.49% - - EKG Investors LLC 14,900 3 2.23% 10,205 2 2.81% Sustained Invs LLC 13,785 4 2.07% - - ESS Ca-Tivs Jv Ca Reit Sub LP 10,924 5 1.64% - - JMK Family Properties II LP 8,928 6 1.34% - - NT Stockton Investors LLC 8,630 7 1.29% 6,093 5 1.68% Monument Properties Sacramento LLC 8,434 8 1.26% - - Sustained Invs LLC (Garfield Beach CVS LLC) 7,093 9 1.06% - - Brittany Arms LLC 6,833 10 1.02% 4,547 9 1.25% John M/Nancy Kehriotis Living Trust - - 7,577 3 2.09% Little Saigon Plaza LLC - - 7,415 4 2.04% SF 3 LLC - - 4,725 6 1.30% Ralphs Grocery Company - - 4,687 7 1.29% Mulleian Investments LLC - - 4,646 8 1.28% ESS Prisa II LLC - - 4,430 10 1.22% Subtotal 120,088 18.01% 65,991 18.20% All Other Taxpayers 546,711 81.99% 296,632 81.80% Total 666,799$ 100.00% 362,623$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2022-23 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Stockton Boulevard
Current Fiscal Year and Nine Years Ago
2023 2014
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 49,179$ 1 2.69% -$ - Elder Crk Transfer/Recovery Inc (Allied Waste Indus Inc) 15,289 2 0.84% 9,158 4 0.94%

Watt Elder Creek Holdings LLC 13,510 3 0.74% - - Pitalo John E 5,316 4 0.29% - - BREF2 Elder Creek Road IOS LLC 5,049 5 0.28% - - Power Inn Business Park LLC 4,989 6 0.27% 5,362 10 0.55%

Hassan/Sons Inc 4,960 7 0.27% - - Fedex Ground Package System Inc 4,337 8 0.24% - - PW Fund B LP 3,548 9 0.19% - - Elder Creek 18 LLC 3,306 10 0.18% - - R/G Hayward LLC - - 15,555 1 1.59% Engineered Polymer Solutions Inc. - - 14,700 2 1.51% Central Valley Industrial Core Holdings - - 11,061 3 1.13% Air Products Manufacturing Corporation - - 8,412 5 0.86% Conrad Ethan - - 6,584 6 0.67% Massie & Company - - 6,100 7 0.62% Teichert Land Co - - 5,862 8 0.60% C/S Logistics Sacramento/Tracy LLC - - 5,800 9 0.59% Subtotal 109,483 5.99% 88,594 9.07% All Other Taxpayers 1,719,146 94.01% 887,856 90.93% Total 1,828,629 $ 100.00% 976,450$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2022-23 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Army Depot
Current Fiscal Year and Nine Years Ago
2023 2014
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 ACEF-Martin Folsom LLC 106,884$ 1 15.78% -$ - Gem Crossings LLC 97,756 2 14.44% - - NB Element DST 89,553 3 13.22% - -

SSC Sacramento Apartments LLC 79,202 4 11.70% - - Academy on 65th State Owner LLC 35,992 5 5.31% - - Target Corporation 31,713 6 4.68% 26,508 2 10.89% Jackson IV LLC 18,313 7 2.70% - - 65th St Village LLC 12,627 8 1.86% 8,700 3 3.58% CPCA 7716 Folsom Blvd LLC 11,846 9 1.75% 7,594 4 3.12% 2750 Redding Avenue CB LLC 8,701 10 1.28% - - HRA Element LLC - - 36,214 1 14.88% Atlas Disposal Industries LLC - - 7,548 5 3.10% Dimension Properties LLC - - 5,841 6 2.40% Kenneth/Susan Catchot Family 2005 Revocable Trust - - 5,034 7 2.07% American River Self Storage LP - - 4,938 8 2.03% 2800 Pico Associates LLC - - 4,244 9 1.74% KCMKC Properties, LP/Paul E Fong/MAE Etal - - 4,061 10 1.67% Subtotal 492,587 72.74% 110,682 45.49% All Other Taxpayers 184,591 27.26% 132,639 54.51% Total 677,178$ 100.00% 243,321$ 100.00%

Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2022-23 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - 65th Street
Current Fiscal Year and Nine Years Ago
2023 2014
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 35,784$ 1 26.01% -$ -

Sacramento 695 LP 23,503 2 17.08% - - Downtown Railyard Venture LLC 20,971 3 15.24% - - CFT NV Developments LLC 14,167 4 10.30% - - 1238 Sutter Street LLC 8,255 5 6.00% - - Sims Group USA Corporation 7,488 6 5.44% - - Sutter HOJ LP 5,410 7 3.93% 8,812 3 10.41% Sacramento Co Emp Credit Union 4,973 8 3.61% 4,300 4 5.08% PDRA/Company LLC 4,378 9 3.18% 3,716 6 4.39% 930 G Street LLC 3,800 10 2.76% - - IA Sacramento Development LLC - - 33,235 1 39.26% CCAA Partners LLC/Bruce W. Bell/Etal - - 12,000 2 14.18% REA Limited Partnership - - 3,978 5 4.70% Strumwasser Michael J/Silvia M - - 3,072 7 3.63% Mercy Housing CA 47 - - 2,541 8 3.00% Bowman/Bay Building Joint Venture - - 2,222 9 2.62%

PLF BLDG LLC - - 1,670 10 1.97% Subtotal 128,729 93.56% 75,546 89.24% All Other Taxpayers 8,867 6.44% 9,108 10.76% Total 137,596$ 100.00% 84,654$ 100.00%

(2) Based on total adjusted 2022-23 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
2023 2014
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 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) 2023 102,291 959 21,721 79,611 17,233 4.62 6,323 23,556 3.38 (9) 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 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 2023 43,394 418 7,526 35,450 15,815 2.24 - 15,815 2.24 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 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 2023 6,339 60 1,383 4,896 1,020 4.80 - 1,020 4.80 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)
(9)
Source: County of Sacramento, Office of Auditor/Controller Total Debt Service includes $4,196 related to the 2015 Tax Allocation Refunding Bond, Series A not allocated between project areas. 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.

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.

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 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 2023 2,780 26 674 2,080 - - 470 470 4.43 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 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 2023 10,375 95 2,592 7,688 - - - - 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 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 2023 4,428 39 1,022 3,367 - - 226 226 14.90 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 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 2023 7,218 65 710 6,443 218 29.56 347 565 11.40 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 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 2023 4,915 44 490 4,381 - - - - 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 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 2023 4,858 45 1,593 3,220 180 17.89 231 411 7.83 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 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 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 2023 12,597 115 3,929 8,553 - - 241 241 35.49 65th Street
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 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 2023 5,387 52 1,802 3,533 - - 377 377 9.37 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Citywide and community support 23 21 5 5 5 5 5 7 7 7 Community development 163 166 219 227 250 273 288 290 288 315 Community response - - - - - - - - 23 (3) 38 Convention and cultural services 138 126 120 116 115 115 115 117 124 123 Economic development 11 11 11 12 - (2) - - - - - Fire 642 657 674 678 672 681 712 713 718 729 General government 320 325 370 431 512 531 571 576 583 595 General services 367 372 - (1) - - - - - - - Youth, parks, and community enrichment 577 568 599 683 616 619 702 705 724 717 Police 940 973 1,033 1,052 1,030 1,034 1,070 1,098 1,103 1,129 Public works 406 415 732 725 723 735 736 744 749 766 Utilities 510 522 538 528 546 562 575 570 572 573 Total 4,097 4,156 4,301 4,457 4,469 4,555 4,774 4,820 4,891 4,992 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Police
Adult arrests 19,570 18,113 16,778 14,476 13,350 13,975 12,981 12,070 12,842 10,873 Citizen initiated calls for service with officer
responses 118,975 141,181 149,275 148,663 152,597 161,914 163,985 153,740 155,159 149,182 Fire (1)
Number of incidents 75,000 80,596 85,742 90,018 92,026 93,836 94,282 99,201 108,924 110,221 Number of structure fires 586 784 756 735 767 998 1,077 1,522 1,199 1,106 Number of construction inspection/reviews 4,761 3,234 4,181 8,268 (4) 10,102 9,830 9,967 8,256 9,517 8,854 General services
Number of animal licenses issued 15,057 8,995 12,016 (2) 14,428 23,799 31,507 26,670 (17) 17,155 (17) 15,976 19,126 Number of animal outplacements 6,167 7,447 8,789 9,248 9,589 8,529 7,488 (17) 4,448 (17) 6,256 7,076 Public works
Number of traffic investigations completed 936 678 896 1,001 1,041 613 611 997 (19) 1,075 920 Number of parking citations issued 171,066 196,586 192,708 183,326 197,170 200,338 156,387 (14) 100,244 (14) 113,214 119,807 Convention and cultural services
Number of Community Convention Center events 378 358 408 430 372 229 38 (13) - (13) 174 (21) 406 (23) Community Convention Center event attendance 881,253 775,253 744,145 905,733 (5) 1,034,980 902,110 155,633 (13) - (13) 446,168 (21) 531,284 (23) Number of Zoo attendance 512,758 549,407 533,368 500,573 500,535 472,440 357,754 (15) 486,707 (15) 568,311 488,627 Youth, parks, and community enrichment
Number of students enrolled in START 5,603 6,897 4,534 (3) 2,785 (6) 711 (8) 477 473 648 (18) 1,770 (20) 456 (22) Number of students enrolled in 4th R 1,955 2,007 1,863 1,180 2,419 (9) 2,250 1,778 (12) 160 (12) 1,484 (20) 1,876 Community development
Number of building permits issued 13,950 14,002 17,041 18,701 20,582 19,365 18,513 18,556 19,512 19,451 Building permit valuation (in million of dollars) 362 544 778 1,267 1,243 1,809 1,463 1,451 1,351 1,185 Vehicles abated by City 343 356 772 1,644 2,306 2,880 5,325 (10) 3,026 3,163 1,955 Notice and orders issued on housing and
dangerous buildings 154 279 239 206 382 369 243 (11) 177 (11) 209 272
Water
Number of accounts 135,590 134,971 136,130 139,238 140,735 142,831 144,669 145,769 147,150 148,237 Amount distributed/pumped (million of gallons) (16) 34,896 29,557 27,324 28,511 30,800 28,478 33,845 30,380 30,130 25,884 Wastewater
Number of accounts 76,657 76,471 76,849 77,137 77,521 78,125 78,583 78,932 79,114 79,287 Amount distributed/pumped (million of gallons) 10,603 10,605 10,605 10,605 9,025 6,356 6,619 5,754 6,042 6,360 Storm drainage
Number of accounts 135,834 136,850 137,754 139,198 140,934 142,858 144,168 145,179 146,385 149,005 Amount distributed/pumped (million of gallons) (7) 14,585 24,179 20,225 46,964 18,321 33,624 11,247 7,858 18,921 23,987 Solid waste
Residential garbage disposed (in tons) 109,060 111,140 112,497 118,355 118,437 136,049 129,359 141,185 136,904 127,791 Notes: (1) The threshold for investigation of a fire is $30,000. (2) In FY16, the number of animal licenses issued increased due to the implementation of web licensing. (3) In FY16 attendance for the START program decreased due to Elk Grove School District not participating in the program. (4) In FY17, the number of construction inspections doubled. (5) In FY17, the number of attendance increased due to increase in events held at the center . (6) In FY17, the number of students enrolled in START decreased due to the closure of 18 sites (10 Sacramento City Unified School District and 8 Twin Rivers Unified School District sites) (7) Amount of storm drainage distributed/pumped is dependent on rainfall. (8) In FY18, the number of students enrolled in START decreased due to reduced funding and non renewal of 21st century federal grant. (9) 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.

Source: Various City of Sacramento Departments
(21) In FY22, after renovation, the Convention Center reopened, thus, there was activity. (20) 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. (18) 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. (19) 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.
(12) In FY20 and FY21, 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. (22) In FY23, the number of students enrolled in START decreased due to several factors:1) There was decreased workforce and regular school population numbers. 2) Student health and safety concerns still lingering with families reflect COVID-related quarantines. 3) Schools, teachers, families, and students face a cascading set of challenges that have created an adverse school climate, making students less enthusiastic to be there. 4) Widespread bus driver shortages, which has made it harder to get to school. These factors has let to fewer students than usual regularly attending class, according to data emerging from states and school districts. (23) In FY23, the increase in the number of events and attendance is due to the fact that in FY22, the Convention center was still operating under post COVID, and not all facilities were open for the entire year.
(17) In FY20 and FY21, 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.
(16) 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. (10) In FY20, 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. (11) In FY20 and FY21, 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. (13) In FY20 and FY21, 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. (14) In FY20 and FY21, the decrease in the number of parking citations issued was due to business closures during COVID-19. (15) 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. In FY21, as COVID-19 restrictions started to ease, there was an increase in total zoo attendance. 272
Function/program 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Police
Number of stations (1) 4 4 4 4 4 4 4 4 4 4 Police
Number of patrol units (2) 243 226 231 234 229 190 195 224 236 265 Number of aircraft 4 4 4 4 5 5 5 5 4 4 Number of watercraft 3 2 (9) 2 5 4 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 159 159 162 162 162 162 162 166 153 153 Number of watercraft NA 1 (9) 1 1 6 6 6 6 6 6 Public works
Miles of streets 3,077 3,059 3,059 3,075 3,062 3,118 3,118 3,118 3,118 3,154 Number of street lights 42,048 42,225 42,627 42,914 43,223 43,438 38,985 (14) 39,372 39,604 39,788 Number of City public parking spaces (3) 8,484 4,775 (10) 4,775 4,775 4,775 4,775 5,489 (3) 5,620 5,283 5,635 Number of City leased parking spaces (11) 110 519 2,298 2,298 2,298 2,298 2,349 2,298 2,298 2,298 Miles of off-street bikeways 84 57 57 57 88 88 88 78 78 78 Youth, parks, and community enrichment
Number of parks 222 222 225 227 227 213 220 230 230 235 Park acreage (5) 3,161 3,161 3,183 3,177 3,177 3,340 4,265 (13) 4,829 4,829 4,331 Number of community centers (6) 13 13 13 13 14 14 14 13 13 13 26 26 27 27 27 27 27 28 28 28 Water
Miles of water mains and distribution lines (7) (8) 1,597 1,727 1,599 1,604 1,607 1,603 1,607 1,616 1,635 1,639 Sewers and storm drainage
1,951 1,873 1,869 1,876 1,960 1,961 1,967 1,968 1,967 1,981 Off-street parking
10 7 (10) 7 7 7 7 10 13 12 14 1 3 7 7 7 7 8 7 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 FY2015, Police Department transfer one of their watercraft to Fire Department. (10) The three Plaza garages - Downtown Plaza West, Central, and East were leased to the Kings effective August 2014. (11)
City leased parking spaces is defined as owned by other organizations leased by the City. (12) City leased parking garages, lots and spaces are defined as owned by other organizations leased by the City. (13)
(14)
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 (12) 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
2023 2014
Number of budgeted positions 4,992 4,095
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) 691/290 643/296 Number of patrol units 265 243
Fire
Number of stations 24 24
Number of fire personnel sworn / unsworn 650/79.50 580/61 Number of fire protection, support and prevention vehicles 153 159 Utilities
Miles of water mains and distribution lines
(1) 1,639 1,597
Annual water production in gallons 26 billion 35 billion Miles of sanitary sewers and storm drainage 1,981 1,951 Public works
Miles of streets 3,154 3,077
Number of street lights 39,788 42,048
Number of City managed parking lots / spaces 23/4,767 11/1,974 Miles of off-street bikeways 78 84
Boat harbor slips 475 475
Convention and cultural services
Golf courses 6 6
Zoo animals (2) 397 578
Fairytale town attendance for year 200,092 252,351
Crocker Art Museum attendance for year 187,149 218,649
Community Convention Center attendance for year 531,284 881,253 Youth, parks, and community enrichment
Parks 235 222
Park acreage (3) 4,331 3,161
Camp Sacramento attendance for year 2,267 2,558
Community centers 13 13
Neighborhood centers 4 5
Swimming pools 28 17
Baseball fields (4) 88 102
Soccer fields 121 132
Ball courts(6) 906 180
Library
Library branches (5) 28 12
Library books and audiovisual recordings in circulation 1,798,935 2,051,606 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 (6) In FY23, the number is much higher than previous years due to the fact there had not been a consistent process to update the GIS data each time a new amenity or change in amenity had been added to the inventory. (5) FY2023 figures include all city and county branches operated by the Sacramento Public Library System. FY2014 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.m
gocpa.com Macias Gini & O’Connell LLP
500 Capitol Mall, Suite 2200
Sacramento, CA 95814
1 Independent Auditor’s Report
To th
e Honorable Mayor and Members of the
City Council of the City of Sacramento, California
Re
port on the Audit of the Financial Statements
Op
inions
We h
ave 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, 2023 , 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 fairly, 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, 2023 , and the respective changes in financial 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.

Ba
sis 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 di
scussed in Note 1 to the financial statements, effective July 1, 2022, the City adopted the provisions of Governmental Accounting Standards Board Statements No. 91, Conduit Debt Obligations, No. 94, Public-Private and Public -Public Partnerships and Availability Payment Arrangements , No. 96, Subscription-Based Information Technology Arrangements , and No. 99 Omnibus 2022. 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.

A
uditor’s Responsibilities for the Audit of the Financial Statements Ou
r 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.

I
n performing an audit in accordance with GAAS and Government Auditing Standards, we:
• E
xercise 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.

W
e 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.

R
equired Supplementary Information
Acco
unting 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.

Supp
lementary 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.

Othe
r Information
Th
e Ci ty’s management is responsible for the other information included in the annual comprehensive financial report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor’s report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In c
onnection 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.

Ot
her Reporting Required by Government Auditing Standards In
accordance with Government Auditing Standards , we have also issued our report dated December 19, 2023, 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 considering the C ity’s internal control over financial reporting and compliance.

Sac
ramento, California
December 19, 2023

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 StandardsThe Honorable Mayor and Members of the City Council of the City of Sacramento, CaliforniaWe 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, 2023,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, 2023. Report on Internal Control over Financial ReportingIn 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 audit 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.Adeficiency in internal controlexists 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 weaknessis a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiencyis a deficiency, or a combination of deficiencies, in internal control that is less severe 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 all 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 weaknessesor significant deficiencies may exist that were not identified.Report on Compliance and Other MattersAs 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 statements. However, providing an opinion on compliance with those provisions was not anobjective 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. 2 Purpose of this ReportThe 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, 2023