Item 13 2025-00404 Fiscal Year 2023-24 Annual Comprehensive Financial Report (ACFR) — Sacramento City Council, February 25, 2025 (part 2 of 2)

138
City of Sacramento
Other Special Revenue Funds
Combining Balance Sheet
June 30, 2024
(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 32,378$ -$ 23,581$ 1,371$ 201,238$ Receivables, net:

Taxes - - - - 7,957 Accounts 1,643 - 2,650 - 5,508 Loans - - - - 26,486 Intergovernmental 28,541 3,052 - - 32,854 Leases - - - - 905 Interest - - - - 1,343 Prepaid items 13 - - - 13 Restricted assets:

Cash and investments held by City - - - - 205 Total assets 62,575$ 3,052$ 26,231$ 1,371$ 276,509$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 8,171 $ 380 $ 1,765 $ - $ 12,652$ Accrued payroll - 30 - - 82 Due to other funds - 1,813 - - 1,813 Deposits 268 - - - 1,856 Unearned revenue 2,119 - - - 3,187 Advances from other funds - - - - 19,849 Total liabilities 10,558 2,223 1,765 - 39,439 Deferred Inflows of resources:

Unavailable revenue 25,751 3,042 - - 28,920 Leases - - - - 882 Total deferred inflows of resources 25,751 3,042 - - 29,802 Fund balances:

Nonspendable:

Prepaid items 13 - - - 13 Leases - - - - 23 Restricted:

Capital projects - - 1,883 - 32,013 Debt service - - - - 205 Public works programs - - - - 19,326 Economic development programs - - - - 79,416 Other programs 52,004 - 2 2,583 1,371 80,995
Committed:

Capital projects - - - - 1,460 OPEB - - - - 9 Other programs - - - - 22,461 Unassigned (25,751) (2,213) - - (28,653) Total fund balances (deficits) 26,266 (2,213) 24,466 1,371 207,268 Total liabilities, deferred inflows of resources
and fund balances 62,575$ 3,052$ 26,231$ 1,371$ 276,509$

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139
City of Sacramento
Other Special Revenue Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2024
(in thousands)
Transportation Culture and Parks and Economic
and Development Leisure Recreation Development
Fund Fund Fund Fund
Revenues:

Taxes -$ -$ -$ 14,781$
Intergovernmental 16,772 - 834 -
Charges for services 16,081 2,168 - -
Fines, forfeits and penalties 282 - - -
Interest, rents, and concessions 3,058 1,303 644 (71) Community service fees 235 - 1,229 -
Assessment levies - - - -
Contributions and donations - 30 242 -
Total revenues 36,428 3,501 2,949 14,710
Expenditures:

Current:

General government - - - 3,640
Police - - - -
Fire - - - -
Public works 14,900 - - -
Convention and cultural services - 1,690 - -
Youth, parks, and community enrichment - - 1,265 -
Community development 13,629 - - -
Community response - - - -
Library - - - -
Utilities - - - -
Capital outlay 4,733 43 150 380
Debt service:

Principal 35 546 4 -
Interest and fiscal charges - 1,009 - -
Total expenditures 33,297 3,288 1,419 4,020
Excess (deficiency) of revenues over
(under) expenditures 3,131 213 1,530 10,690
Other financing sources (uses):
- 752 30 -
(1,399) - (23) (3,600)
Transfers in
Transfers out
Issuance of long-term debt 3,056 - 47 -
Total other financing sources (uses) 1,657 752 54 (3,600) Changes in fund balances 4,788 965 1,584 7,090
Fund balances (deficits), beginning of year 62,015 1,428 7,182 72,326 Fund balances (deficits), end of year 66,803$ 2,393$ 8,766$ 79,416$

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140
City of Sacramento
Other Special Revenue Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2024
(in thousands)
Operating Total Other
Grants CCOMWP Special Districts Cal EPA Special Revenue Fund Fund Fund Fund Funds
Revenues:

Taxes -$ -$ -$ -$ 14,781$
Intergovernmental 51,622 6,423 - 3 75,654
Charges for services 1,137 - - - 19,386
Fines, forfeits and penalties - - - - 282
Interest, rents, and concessions 649 (90) 664 34 6,191 Community service fees - - - - 1,464
Assessment levies - - 63,337 - 63,337
Contributions and donations 5,909 - - - 6,181
Total revenues 59,317 6,333 64,001 37 187,276
Expenditures:

Current:

General government 31,499 6,976 12,390 - 54,505
Police 6,090 - - - 6,090
Fire 2,711 - - - 2,711
Public works - - 17,875 - 32,775
Convention and cultural services 5,081 - 8,449 - 15,220 Youth, parks, and community enrichment 3,015 - 8,483 - 12,763 Community development 451 - 259 - 14,339
Community response 2,676 - - - 2,676
Library - - 9,537 - 9,537
Utilities - - 334 - 334
Capital outlay 3,972 - 1,961 - 11,239
Debt service:

Principal 718 55 - - 1,358
Interest and fiscal charges 7 - - - 1,016
Total expenditures 56,220 7,031 59,288 - 164,563
Excess (deficiency) of revenues over
(under) expenditures 3,097 (698) 4,713 37 22,713
Other financing sources (uses):
- 618 - - 1,400
(650) - (2,688) - (8,360)
Transfers in
Transfers out
Issuance of long-term debt
1,324 - - - 4,427
674 618 (2,688) - (2,533)
3,771 (80) 2,025 37 20,180
22,495 (2,133) 22,441 1,334 187,088
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year 26,266$ (2,213)$ 24,466$ 1,371$ 207,268$

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141
- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 15,157$ 15,157$ 16,772$ 1,615$
Charges for services - 2,897 3,886 989
Fines, forfeits and penalties 350 350 282 (68)
Interest, rents, and concessions 3,656 40 2,766 2,726
Total revenues 19,163 18,444 23,706 5,262
Expenditures:

Current:

Public works 19,621 19,621 14,900 4,721
Community development 2,266 2,293 3,300 (1,007)
Capital outlay 2,555 2,237 4,406 (2,169)
Debt service:

Principal - - 35 (35)
Total expenditures 24,442 24,151 22,641 1,510
Excess (deficiency) of revenues
over (under) expenditures (5,279) (5,707) 1,065 6,772
Other financing sources (uses):
- - (1,126) (1,126) Transfers out
Issuance of long-term debt - - 3,056 3,056
Total other financing sources (uses) - - 1,930 (1,930) Changes in fund balance for budgeted activities (5,279) (5,707) 2,995 8,702 Fund balance, beginning of year for budgeted activities 53,747 53,747 53,747 - Fund balance, end of year for budgeted activities 48,468$ 48,040$ 56,742 8,702$ Change in fund balance for Transportation and
Development Special Revenue Fund activities
for which annual budgets are not adopted 1,793
Fund balance, beginning of year for non-budgeted
activities 8,268
Fund balance, end of year 66,803$
(in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2024
Transportation and Development Special Revenue Fund
142
- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Charges for services 1,917$ 1,917$ 2,168$ 251$
Interest, rents and concessions 1,003 1,003 1,303 300
Contributions and donations 45 45 30 (15)
Total revenues 2,965 2,965 3,501 536
Expenditures:

Current:

Convention and cultural services 1,613 1,684 1,690 (6)
Capital outlay 583 1,384 43 1,341
Debt service:

Principal 1,110 1,110 546 564
Interest and fiscal charges 967 967 1,009 (42)
Total expenditures 4,273 5,145 3,288 1,857
Excess (deficiency) of revenues
over (under) expenditures (1,308) (2,180) 213 2,393
Other financing sources:

Transfers in 710 710 752 42
Changes in fund balance (598) (1,470) 965 2,435
Fund balance, beginning of year 1,428 1,428 1,428 - Fund balance (deficit), end of year 830$ (42)$ 2,393$ 2,435$ (in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2024
Culture and Leisure Special Revenue Fund
143
- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 658 $ 754 $ 834 $ 80 $ Interest, rents and concessions 23 23 73 50 Community service fees - - 59 59 Total revenues 681 777 966 189 Expenditures:

Current:

Youth, parks, and community enrichment 506 602 810 (208) Excess of revenues over expenditures 175 175 156 (19) Other financing sources:

Transfers in - 30 30 - Changes in fund balance for budgeted activities 175 205 186 (19) Fund deficit, beginning of year for budgeted activities (76) (76) (76) - Fund balance, end of year for budgeted activities 99$ 129$ 110 (19)$ Change in fund balance for Parks and Recreation
1,398
Fund balance, beginning of year for non-budgeted
activities 7,258
Fund balance, end of year 8,766$
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, 2024
Parks and Recreation Special Revenue Fund
144
- Budget and Actual
Actual Variance with
Original Final Amounts Final Budget
Revenues:

Intergovernmental 1,219 $ 1,703$ 1,717$ 14$
Interest, rents and concessions - - (90) (90)
Total revenues 1,219 1,703 1,627 (76)
Expenditures:

Current:

General government 1,757 2,341 2,000 341
Debt service:

Principal - - 55 (55)
Total expenditures 1,757 2,341 2,055 286
Deficiency of revenues under expenditures (538) (638) (428) 210 Other financing sources:

Transfers in 531 617 618 1
Changes in fund balance (7) (21) 190 211
Fund balance, beginning of year for budgeted activities 639 639 639 - Fund balance, end of year for budgeted activities 632$ 618$ 829 211$ Change in fund balance for CCOMWP Special Revenue Fund
activities for which annual budgets are not adopted (270) Fund deficit, beginning of year for non-budgeted activities (2,772) Fund deficit, end of year (2,213)$
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, 2024
(in thousands)
145
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 - $ - $ 664 $ 664 $ Assessment levies 58,323 58,343 63,337 4,994 Total revenues 58,323 58,343 64,001 5,658 Expenditures:

Current:

General government 11,982 11,982 12,390 (408) Public works 19,275 19,166 17,875 1,291 Convention and cultural services 3,635 3,635 8,449 (4,814) Youth, parks, and community enrichment 8,636 8,656 8,483 173 Community development 255 255 259 (4) Library 9,642 9,642 9,537 105 Utilities 783 783 334 449 Capital outlay 6,132 6,132 1,961 4,171 Total expenditures 60,340 60,251 59,288 963 Excess (deficiency) of revenues
over (under) expenditures (2,017) (1,908) 4,713 6,621 Other financing uses:

Transfers out (2,740) (2,740) (2,688) 52 (4,757) (4,648) 2,025 6,673 Fund balance, beginning of year 22,441 22,441 22,441 - Fund balance, end of year 17,684 $ 17,793 $ 24,466 $ 6,673 $ Changes in fund balance
Budgeted Amounts
City of Sacramento
For the Fiscal Year Ended June 30, 2024
(in thousands)
Special Districts Special Revenue Fund
146

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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147
City of Sacramento
Other Debt Service Funds
Combining Balance Sheet
June 30, 2024
(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 868 $ -$ 2,071$
Cash and investments held by fiscal agent 48 7 6
Receivables, net:

Intergovernmental 8,881 1,652 -
Leases 2,900 - -
Interest 25 - -
Restricted assets:

Cash and investments held by fiscal agent 3,938 - -
Total assets 16,660$ 1,659$ 2,077$

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

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

Unavailable revenue 8,881 1,652 -
Leases 2,771 - -
Total deferred inflows of resources 11,652 1,652 -
Fund balances:

Nonspendable:

Leases 129 - -
Restricted:

Debt service 3,938 7 -
Committed:

Debt service 941 - -
Assigned:

Debt service - - 2,077
Total fund balances 5,008 7 2,077
Total liabilities, deferred inflows of resources
and fund balances 16,660$ 1,659$ 2,077$

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148
City of Sacramento
Other Debt Service Funds
Combining Balance Sheet
June 30, 2024
(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$ 2,940$
Cash and investments held by fiscal agent - - 61
Receivables, net:

Intergovernmental - - 10,533
Leases - - 2,900
Interest - - 25
Restricted assets:

Cash and investments held by fiscal agent 2,174 - 6,112 Total assets 2,174$ 1$ 22,571$

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

Deposits 1,296 $ - $ 1,296$
Deferred inflows of resources:

Unavailable revenue - - 10,533
Leases - - 2,771
Total deferred inflows of resources - - 13,304
Fund balances:

Nonspendable:

Leases - - 129
Restricted:

Debt service 878 - 4,823
Committed:

Debt service - - 941
Assigned:

Debt service - 1 2,078
Total fund balances 878 1 7,971
Total liabilities, deferred inflows of resources
and fund balances 2,174$ 1$ 22,571$

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149
City of Sacramento
Other Debt Service Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2024
(in thousands)
2006 2006 2015
Series B Series E Refunding
Revenue Revenue
Revenue
Bond Fund Bond Fund Bond Fund
Revenues:

Intergovernmental 500$
141$
-$

Interest, rents, and concessions 985 99 78
Total revenues 1,485 240 78
Expenditures:

Debt service:

Principal 1,770 5,260 3,925
Interest and fiscal charges 2,168 3,592 2,954
Total expenditures 3,938 8,852 6,879
Deficiency of revenues
under expenditures (2,453) (8,612) (6,801)
Other financing sources:

Transfers in 2,581 8,614 6,853
Changes in fund balances 128 2 52
Fund balances, beginning of year 4,880 5 2,025
Fund balances, end of year 5,008$
7$
2,077$

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150
City of Sacramento
Other Debt Service Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2024
(in thousands)
2016 Total
SPFA Other Debt
Lease Financing Other City Service
Fund Debt Fund Funds
Revenues:

Intergovernmental -$
-$
641$

Interest, rents, and concessions 652 - 1,814
Total revenues 652 - 2,455
Expenditures:

Debt service:

Principal 515 - 11,470
Interest and fiscal charges 154 - 8,868
Total expenditures 669 - 20,338
Deficiency of revenues
under expenditures (17) - (17,883)
Other financing sources:

Transfers in - - 18,048
Changes in fund balances (17) - 165
Fund balances, beginning of year 895 1 7,806
Fund balances, end of year 878$
1$
7,971$

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152

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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153
City of Sacramento
Other Capital Projects Funds
Combining Balance Sheet
June 30, 2024
(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 -$ 113,355$ -$ -$
Receivables, net:

Accounts - 2,880 - 971
Intergovernmental - 4,528 - 33,360
Interest - 269 - -
Restricted assets:

Cash and investments held by City 30 - 160 33
Total assets 30$ 121,032$ 160$ 34,364$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable - $ 6,273$ -$ 18,878$
Deposits - - - -
Due to other funds - - - 6,378
Unearned revenue - - - 7,595
Total liabilities - 6,273 - 32,851
Deferred inflows of resources:

Unavailable revenue - 3,311 - 19,114
Fund balances:

Restricted:

Capital projects 30 112,742 160 1,513
Other programs - - - -
Unassigned - (1,294) - (19,114)
Total fund balances (deficit) 30 111,448 160 (17,601) Total liabilities, deferred inflows of resources
and fund balances 30$ 121,032$ 160$ 34,364$

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154
City of Sacramento
Other Capital Projects Funds
Combining Balance Sheet
June 30, 2024
(in thousands)
Total
Financing Special Economic Other
Plans Districts Development Capital Projects
Fund Fund Fund Funds
ASSETS
Cash and investments held by City 116,793$ 18,778$ -$ 248,926$ Receivables, net:

Accounts 13,492 - - 17,343
Intergovernmental - - - 37,888
Interest 172 - - 441
Restricted assets:

Cash and investments held by City - - 10,033 10,256
Total assets 130,457$ 18,778$ 10,033$ 314,854$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 2,739 $ -$ -$ 27,890$
Deposits 80 - - 80
Due to other funds - - - 6,378
Unearned revenue 305 - - 7,900
Total liabilities 3,124 - - 42,248
Deferred inflows of resources:

Unavailable revenue 7,238 - - 29,663
Fund balances:

Restricted:

Capital projects 117,071 18,778 10,033 260,327
Other programs 3,024 - - 3,024
Unassigned - - - (20,408)
Total fund balances (deficit) 120,095 18,778 10,033 242,943 Total liabilities, deferred inflows of resources
and fund balances 130,457$ 18,778$ 10,033$ 314,854$

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155
City of Sacramento
Other Capital Projects Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2024
(in thousands)
Crocker
General Fund Transportation Art Museum Capital
Capital Projects and Development Expansion Grants
Fund Fund Fund Fund
Revenues:

Taxes -$ 1,773$ -$ -$
Intergovernmental - 32,343 - 60,771
Charges for services - 110 - -
Interest, rents, and concessions - 2,761 5 127
Community service fees - 96 - -
Assessment levies - - - -
Contributions and donations - - - 594
Total revenues - 37,083 5 61,492
Expenditures:

Current:

General government - - - -
Public works - 7,360 - -
Youth, parks, and community enrichment - - - -
Community development - - - -
Capital outlay - 23,216 - 63,717
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total expenditures - 30,576 - 63,717
Excess (deficiency) of revenues over
(under) expenditures - 6,507 5 (2,225)
Other financing sources (uses):

Transfers in - - - -
Transfers out - - - -
Issuance of long-term debt - - - -
- - - -
- 6,507 5 (2,225)
30 104,941 155 (15,376)
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficit), beginning of year
Fund balances (deficit), end of year 30$ 111,448$ 160$ (17,601)$

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156
City of Sacramento
Other Capital Projects Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2024
(in thousands)
Total
Financing Special Economic Other
Plans Districts Development Capital Projects
Fund Fund Fund Funds
Revenues:

Taxes -$ -$ -$ 1,773$
Intergovernmental - - - 93,114
Charges for services 474 - - 584
Interest, rents, and concessions 3,641 537 251 7,322 Community service fees 21,903 - - 21,999
Assessment levies 82 1,917 - 1,999
Contributions and donations - 290 - 884
Total revenues 26,100 2,744 251 127,675
Expenditures:

Current:

General government - - 92 92
Public works 20 - - 7,380
Youth, parks, and community enrichment 470 - - 470
Community development 7,373 69 - 7,442
Capital outlay 13,363 8,126 40 108,462
Debt service:

Principal 7,638 - - 7,638
Interest and fiscal charges 19 - - 19
Total expenditures 28,883 8,195 132 131,503
Excess (deficiency) of revenues over
(under) expenditures (2,783) (5,451) 119 (3,828)
Other financing sources (uses):

Transfers in 2,942 - - 2,942
Transfers out (1,432) - - (1,432)
Issuance of long-term debt 6,111 - - 6,111
7,621 - - 7,621
4,838 (5,451) 119 3,793
115,257 24,229 9,914 239,150
Total other financing sources (uses)
Changes in fund balances
Fund balances (deficit), beginning of year
Fund balances (deficit), end of year 120,095$ 18,778$ 10,033$ 242,943$

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158

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, 2024
(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 1,247$ 3,741 $ 2,170 $ 49 $ 7,207 $ Receivables, net:

Interest 8 24 2 - 34 Total assets 1,255 $ 3,765 $ 2,172 $ 49 $ 7,241 $

FUND BALANCES
Fund balances:

Nonspendable:

Permanent fund principal 272 278 25 3 578 Restricted:

Other programs 983 3,487 2,147 46 6,663 Total fund balances 1,255$ 3,765 $ 2,172 $ 49 $ 7,241 $

159
City of Sacramento
Permanent Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2024
(in thousands)
Bertha George Clark Total
Ann Land Henschel Scholarship Alice Mille r Permanent
Fund Fund Fund Fund Funds
Revenues:

Interest, rents, and concessions 109$ 327 $ 274 $ 1 $ 711 $ Expenditures:

Current:

General governmen
t 41 123 25 - 189 Changes in fund balances 68 204 249 1 522 Fund balances, beginning of year 1,187 3,561 1,923 48 6,719 Fund balances, end of year 1,255$ 3,765$ 2,172$ 49$ 7,241$ 160

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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161
City of Sacramento
Other Enterprise Funds
Combining Statement of Net Position
June 30, 2024
(in thousands)
Total
4th R Other
Parking Child Development Enterprise
Fund Fund Funds
ASSETS
Current assets:

Cash and investments held by City 20,751$ 2,352$ 23,103$ Receivables, net:

Accounts 745 123 868 Leases 518 - 518 Interest 113 - 113 Intangible asset, current portion - 8 8 Total current assets 22,127 2,483 24,610 Noncurrent assets:

Leases receivable 7,280 - 7,280 Intangible assets - 88 88 Capital assets:

Land 5,825 - 5,825 Buildings and improvements 62,954 1,642 64,596 Machinery and equipment 6,235 - 6,235 Construction in progress 6,165 - 6,165 Software 41 - 41 Leased land 1,978 - 1,978 IT subscriptions 767 - 767 Less: accumulated depreciation/amortization (47,132) (1,503) (48,635) Total noncurrent assets 44,113 227 44,340 Total assets 66,240 2,710 68,950

DEFERRED OUTFLOWS OF RESOURCES
Pensions 1,688 1,380 3,068 OPEB 346 83 429 Total deferred outflows of resources 2,034 1,463 3,497

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162
City of Sacramento
Other Enterprise Funds
Combining Statement of Net Position
June 30, 2024
(in thousands)
Total
4th R Other
Parking Child Development Enterprise
Fund Fund Funds

LIABILITIES
Current liabilities:

Accounts payable 1,993 38 2,031 Accrued payroll 124 193 317 Accrued compensated absences 16 15 31 Interest payable 34 - 34 Deposits 47 - 47 Unearned revenue 196 154 350 Accrued claims and judgments 8 3 11 Lease liabilities 114 - 114 IT subscription liabilities 50 - 50 Revenue and other bonds payable, net 1,301 - 1,301 Total current liabilities 3,883 403 4,286 Noncurrent liabilities:

Accrued compensated absences 320 317 637 Net OPEB liability 1,509 6 1,515 Lease liabilities 1,537 - 1,537 IT subscription liabilities 619 - 619 Revenue and other bonds payable, net 7,266 - 7,266 Net pension liability 6,857 6,303 13,160 Total noncurrent liabilities 18,108 6,626 24,734 Total liabilities 21,991 7,029 29,020

DEFERRED INFLOWS OF RESOURCES
Gain on debt refundings 121 - 121 Pensions 59 15 74 OPEB 318 70 388 Leases 6,951 - 6,951 Total deferred inflows of resources 7,449 85 7,534

NET POSITION
Net investment in capital assets 25,810 139 25,949 Unrestricted 13,024 (3,080) 9,944 Total net position (deficit) 38,834$ (2,941)$ 35,893$

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164
City of Sacramento
Other Enterprise Funds
Combining Statement of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2024
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Operating revenues:

Charges for services:

User fees and charges 17,533 $ 6,396 $ 23,929 $ Rents and concessions 1,081 - 1,081 Miscellaneous 111 - 111 Total operating revenues 18,725 6,396 25,121 Operating expenses:

Employee services 4,152 5,496 9,648 Services and supplies 8,210 764 8,974 Depreciation/amortization 1,562 57 1,619 Claims and judgments 4 - 4 Total operating expenses 13,928 6,317 20,245 Operating income 4,797 79 4,876 Nonoperating revenues (expenses):

Interest and investment revenue 582 38 620 Revenue from other agencies - 281 281 Interest expense (220) - (220) Gain on lease forgiveness 23 - 23 Total nonoperating revenues (expenses) 385 319 704 Income before transfers 5,182 398 5,580 Transfers in 5,300 - 5,300 Transfers out (10,762) - (10,762) Changes in net position (280) 398 118 Total net position (deficit), beginning of year 39,114 (3,339) 35,775 Total net position (deficit), end of year 38,834 $ (2,941) $ 35,893 $ 165
City of Sacramento
Other Enterprise Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2024
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Cash flows from operating activities:

Receipts from customers and users 18,079 $ 6,313 $ 24,392$ Payments to suppliers (8,742) (758) (9,500)
Payments to employees (4,088) (5,236) (9,324) Claims and judgments paid (2) - (2)
Net cash provided by operating activities 5,247 319 5,566 Cash flows from noncapital financing activities:

Transfers in from other funds 5,300 - 5,300 Transfers out to other funds (2,162) - (2,162) Intergovernmental revenue received - 281 281
Net cash provided by noncapital financing activities 3,138 281 3,419 Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (173) - (173) Proceeds from sale of capital assets 765 - 765
Principal payments on capital debt (1,090) - (1,090) Interest payments on capital debt (387) - (387)
Principal payments on lease liabilities (88) - (88)
Interest payments on lease liabilities (5) - (5)
Principal payments on IT subscription liabilities (48) - (48) Interest payments on IT subscription liabilities (9) - (9) Transfers out to other funds (8,600) - (8,600) Receipts from leases 281 - 281
Collection of interest from leases 88 - 88
Net cash used for capital and related financing activities (9,266) - (9,266) Cash flows from investing activities:

Collection of interest and investment revenue 459 38 497 Net increase (decrease) in cash and cash equivalents (422) 638 216 Cash and cash equivalents, beginning of year 21,173 1,714 22,887 Cash and cash equiv
alents, end of year 20,751$ 2,352$ 23,103$

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166
City of Sacramento
Other Enterprise Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2024
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Reconciliation of operating income to net cash
provided by operating activities:

Operating income 4,797 $ 79 $ 4,876$
Adjustments to reconcile operating income to net cash
provided by operating activities:

Depreciation/amortization expense 1,562 49 1,611 Amortization of intangible assets - 8 8
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net (38) (63) (101)
Prepaid items 20 - 20
Accounts payable (552) 6 (546)
Accrued payroll 11 13 24
Accrued compensated absences (117) (27) (144)
Accrued claims and judgments 2 - 2
Deposits (25) - (25)
Unearned revenue (66) (20) (86)
Net pension liability and related deferred outflows/inflows of resources 449 344 793 Net OPEB liability and related deferred outflows/inflows of resources (279) (70) (349) Deferred inflows related to leases (517) - (517)
Net cash provided by operating activities 5,247$ 319$ 5,566$ Noncash investing, capital and financing activities:

Amortization of bond premium and discount 151$ -$ 151$ Amortization of bond gain on refunding 25 - 25
Capital asset acquisitions on accounts payable 15 - 15
Forgiven lease liability 23 - 23

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168

WATER FUND

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169
City of Sacramento
Water Fund
June 30, 2024
(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 - $ 217,187$ -$ -$ -$ Cash and investments held by fiscal agent - 43 - 190 - Receivables, net:

Accounts 680 20,723 - - -
Intergovernmental . . 3,018 . .

Leases - 64 - - -
Interest - 1,300 - - -
Due from other funds - 2,989 - - -
Inventories - 1,797 - - -
Prepaid items - 509 - - -
Total current assets 680 244,612 3,018 190 -
Noncurrent assets:

Restricted assets:

Cash and investments held by City 52,255 8,240 - - -
Cash and investments held by fiscal agent - 639 - 2,860 - Leases receivable - 737 - - -
Capital assets:

Land 2,467 1,170 - - -
Buildings and improvements 820 54,680 559 94,403 -
Machinery and equipment 680 26,341 641 77,425 8,627
Transmission and distribution systems 3,429 662,170 3,355 100,028 54,381 Construction in progress 21,402 28,550 4,574 5,59
4 5
Software - 3,541 - - -
Easement - 134 - - -
Leased equipment - 184 - - -
IT subscriptions - 1,117 - - -
Less: accumulated depreciation/amortization (815) (374,767) (1,908) (34,110) (6,908) Total noncurrent assets 80,238 412,736 7,221 246,200 56,105 Total assets 80,918 657,348 10,239 246,390 56,105

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt - 2,949 - - -
Pensions - 16,586 - - -
OPEB - 1,646 - - -
Total deferred outflows of resources - 21,181 - - -
Combining Schedule of Net Position

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170

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, 2024
(in thousands)
Drinking Water 2020 Water 2023 Water Total
SRF Loan Revenue Refunding Revenue Refunding Water
Fund Bonds Fund Bonds Fund Eliminations Fund
-$ -$ -$ -$ 217,187$
- 1 29 - 263
- - - - 21,403
.... 3,018
- - - - 64
- - - - 1,300
- - - (2,989) -
- - - - 1,797
- - - - 509
- 1 29 (2,989) 245,541
- - - - 60,495
- - - - 3,499
- - - - 737
- - - - 3,637
17,752 - - - 168,214
3,307 - - - 117,021
118,015 - - - 941,378
- - - - 6 0,12
5 - - - - 3,541
- - - - 134
- - - - 184
- - - - 1,117
(11,909) - - - (430,417)
127,165 - - - 929,665
127,165 1 29 (2,989) 1,175,206
- 3,001 - - 5,950
- - - - 16,586
- - - - 1,646
- 3,001 - - 24,182
(continued)

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171

City of Sacramento
Water Fund
June 30, 2024
(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 126 3,565 214 - -
Due to other funds - - 2,792 - -
Accrued payroll - 1,408 - - -
Accrued compensated absences - 312 - - -
Interest payable - 387 - 94 781
Deposits - 1 - - -
Unearned revenue - 1,628 18 - -
Accrued claims and judgments - 111 - - -
IT subscription liabilities - 198 - - -
Revenue and other bonds payable, net - 7,728 - 5,708 1,389 Notes payable - 520 - - -
Total current liabilities 126 15,858 3,024 5,802 2,170 Noncurrent liabilities:

Accrued compensated absences - 3,931 - - -
Water fee credits 12 84 - - -
Net OPEB liability - 10,964 - - -
IT subscription liabilities - 123 - - -
Revenue and other bonds payable, net - 76,999 - - 53,747 Notes payable - 4
,342 - - -
Net pension liability - 53,779 - - -
Total noncurrent liabilities 12 150,222 - - 53,747
Total liabilities 138 166,080 3,024 5,802 55,917

DEFERRED INFLOWS OF RESOURCES
Gain on debt refunding - - - - -
Pensions - 988 - - -
OPEB - 2,611 - - -
Leases - 741 - - -
Total deferred inflows of resources - 4,340 - - -

NET POSITION
Net investment in capital assets 27,845 317,176 7,011 242,480 969 Restricted for:

Capital projects 52,935 - - - -
Unrestricted - 190,933 204 (1,892) (781)
Total net position (deficit) 80,780$ 508,109$ 7,215$ 240,588$ 188$ (continued)

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172
172
City of Sacramento
Water Fund
Combining Schedule of Net Position
June 30, 2024
(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
Gain on debt refunding
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 2023 Water Total
SRF Loan Revenue Refunding Revenue Refunding Water
Fund Bonds Fund Bonds Fund Eliminations Fund
- - - - 3,905
197 - - (2,989) -
- - - - 1,408
- - - - 312
- 1,386 490 - 3,138
- - - - 1
- - - - 1,646
- - - - 111
- - - - 198
- 1,050 166 - 16,041
3,063 - - - 3,583
3,260 2,436 656 (2,989) 30,343
- - - - 3,931
- - - - 96
- - - - 10,964
- - - - 123
- 150,495 23,828 - 305,069
121,204 - - - 125,546
- - - - 53,77
9 121,204 150,495 23,828 - 499,508
124,464 152,931 24,484 (2,989) 529,851
- - 3,058 - 3,058
- - - - 988
- - - - 2,611
- - - - 741
- - 3,058 - 7,398
2,898 (148,544) (27,052) - 422,783
- - - - 52,935
(197) (1,385) (461) - 186,421
2,701$ (149,929)$ (27,513)$ -$ 662,139$

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173
City of Sacramento
Water Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2024
(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 -$ 132,825$ -$ -$ -$
Rent and concessions - 54 - - -
Miscellaneous - 78 - - -
Total operating revenues - 132,957 - - -
Operating expenses:

Employee services - 47,452 - - -
Services and supplies - 31,341 750 - -
Depreciation/amortization 169 18,561 205 7,620 1,105
Claims and judgments - 205 - - -
Total operating expenses 169 97,559 955 7,620 1,105
Operating income (loss) (169) 35,398 (955) (7,620) (1,105) Nonoperating revenues (expenses):

Interest and investment revenue 1,285 13,726 - 145 2
Revenue from other agencies - 19 2,649 - -
Interest expense - (4,149) - 447 (2,022)
Amortization of bond prepaid insurance - (23) - - -
Total nonoperating revenues (expenses) 1,285 9,573 2,649 592 (2,020) Income (loss) before capital contributions and transfers 1,116 44,971 1,694 (7,028) (3,125) Capital contributions 1,969 11,351 - - -
Transfer
s in 203 75 - 5,677 3,375
Transfers out - (39,512) - - -
Changes in net position 3,288 16,885 1,694 (1,351) 250 Total net position (deficit), beginning of year 77,492 491,224 5,521 241,939 (62) Total net position (deficit), end of year 80,780$ 508,109$ 7,215$ 240,588$ 188$

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174
City of Sacramento
Water Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2024
(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
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 2023 Water Total
SRF Loan Revenue Refunding Revenue Refunding Water
Fund Bonds Fund Bonds Fund Eliminations Fund
-$ -$ -$ -$ 132,825$
- - - - 54
- - - - 78
- - - - 132,957
- - - - 47,452
(31) - 591 - 32,651
3,162 - - - 30,822
- - - - 205
3,131 - 591 - 111,130
-
(3,131) - (591) - 21,827
- 4 1 - 15,163
- - - - 2,668
(2,186) (4,697) (295) - (12,902)
- - - - (23)
(2,186) (4,693) (294) - 4,906
(5,317) (4,693) (885) - 26,733
- - - - 13,320
8,240 34,071 831 (52,195) 277
- - (27,459) 52,195 (14,776)
2,923 29,378 (27,513) - 25,554
(222) (179,307) - - 636,585
2,701$ (149,929)$ (
27,513)$ -$ 662,139$

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175
City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(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 -$ 133,103$ -$ -$ -$
Payments to suppliers - (33,372) (800) - -
Payments to employees - (44,996) - - -
Claims and judgments paid - (148) - - -
Net cash provided by (used for) operating activities - 54,587 (800) - - Cash flows from noncapital financing activities:

Interfund cash flow loans - (2,989) 2,792 - -
Transfers in from other funds 203 75 - - -
Transfers out to other funds - (14,742) - - -
Interfund loan repayments - 1,515 (565) - -
Intergovernmental revenue received - 19 268 - -
Interest payments on overbilling - (13) - - -
Net cash provided by (used for) noncapital
financing activities 203 (16,135) 2,495 - -
Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (594) (4,832) (1,695) - - Proceeds from issuance of debt - - - - -
Principal payments on capital debt - (7,258) - (5,315) (1,010) Interest payments on capital debt - (4,462) - (404) (2,367) Princ
ipal payments on IT subscription liabilities - (497) - - - Interest payments on IT subscription liabilities - (5) - - - Transfers in from other funds - - - 5,677 3,375
Transfers out to other funds - (24,770) - - -
Capital contributions received 1,744 - - - -
Receipts from leases - 39 - - -
Collection of interest from leases - 13 - - -
Net cash provided by (used for) capital and
related financing activities 1,150 (41,772) (1,695) (42) (2) Cash flows from investing activities:

Collection of interest and investment revenue 1,285 13,563 - 145 2 Net increase (decrease) in cash and cash equivalents 2,638 10,243 - 103 - Cash and cash equivalents, beginning of year 49,617 215,866 - 2,947 - Cash and cash equivalents, end of year 52,255$ 226,109$ -$ 3,050$ -$ Reconciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City -$ 217,187$ -$ -$ -$
Cash and investments held by fiscal agent - 43 - 190 -
Restricted cash and investments held by City 52,255 8,240 - - - Restricted cash and investments held by fiscal agent - 639 - 2,860 - Total c
ash and cash equivalents, end of year 52,255$ 226,109$ -$ 3,050$ -$

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176
City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(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
Interest payments on overbilling
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
Interest 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 (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

Drinking Water 2020 Water 2023 Water Total
SRF Loan Revenue Refunding Revenue Refunding Water
Fund Bonds Fund Bonds Fund Eliminations Fund
-$ -$ -$ -$ 133,103$ 31 - (591) - (34,732) - - - - (44,996) - - - - (148) 31 - (591) - 53,227 197 - - - - - - - - 278 - - - - (14,742) (950) - - - - - - - - 287 - - - - (13) (753) - - - (14,190) - - - - (7,121) 722 - 24,091 - 24,813 (6,054) (26,166) - - (45,803) (2,186) (4,754) - - (14,173) - - - - ( 497) - - - - (5) 8,240 30,915 831 (49,038) - - - (24,303) 49,038 (35) - - - - 1,744 - - - - 39 - - - - 13 722 (5) 619 - (41,025) - 4 1 - 15,000 - (1) 29 - 13,012 - 2 - - 268,432 -$ 1$ 29$ -$ 281,444$ -$ -$ -$ -$ 217,187$ - 1 29 - 263 - - - - 60,495 - - - - 3,499 -$ 1$ 29$ -$ 281,444$ (continued)

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177
City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(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) (169)$
35,398$
(955)$
(7,620)$
(1,105)$
Adj
ustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation/amortization expense 169 17,995 205 7,620 1,105 Amortization of intangible assets - 566 - - -
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net - 155 - - -
Inventories - (593) - - -
Prepaid items - (330) - - -
Accounts payable - (1,108) (50) - -
Accrued payroll - 180 - - -
Accrued compensated absences - 294 - - -
Accrued claims and judgments - 57 - - -
Deposits - (4) - - -
Unearned revenue - 49 - - -
Net pension liability and related deferred outflows/inflows of resources - 3,311 - - - Net OPEB liability and related deferred outflows/inflows of resources - (1,329) - - - Deferred inflows related to leases - (54) - - -
N
et cash provided by (used for) operating activities -$ 54,587$ ( 800)$ -$ -$
N
oncash investing, capital and financing activities:

Contributions of capital assets -$ 11,351$ -$ -$ -$
Am
ortization of bond premium and discount - 624 - 769 329 Amortization of bond loss on refunding - (328) - - -
Amortization of bond gain on refunding - - - - -
Amortization of bond prepaid insurance - (23) - - -
Capital asset acquisitions on accounts payable 126 1,233 210 - - Cancellation of capital debt with bond tender - - - - - Transfers in from other funds related to bond tender - - - - - Transfers out to other funds with escrow funds - - - - - Forgiven subscription liability - 12 - - -
(continued)

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178
City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(in thousands)
Reconciliation of operating income (loss) to net
cash provided by (used for) operating activities:

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

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

Accounts receivable, net
Inventories
Prepaid items
Accounts payable
Accrued payroll
Accrued compensated absences
Accrued claims and judgments
Deposits
Unearned revenue
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 gain on refunding
Amortization of bond prepaid insurance
Capital asset acquisitions on accounts payable
Cancellation of capital debt with bond tender
Transfers in from other funds related to bond tender
Transfers out to other funds with escrow funds
Forgiven subscription liability
Drinking Water 2020 Water 2023 Water Total
SRF Loan Revenue Refunding Revenue Refunding Water
Fund Bonds Fund Bonds Fund Eliminations Fund
(3,131)$ -$ ( 591)$ -$ 21,827$
3,162 - - - 30,256
- - - - 566
- - - - 155
- - - - (
593)
- - - - (330)
- - - - (1,158)
- - - - 180
- - - - 294
- - - - 57
- - - - (
4)
- - - - 49
- - - - 3,311
- - - - (
1,329)
- - - - (54)
31$ -$ (
591)$ -$ 53,227$
-$ -$ -$ -$ 11,351$
- - 98 - 1,820
- (
763) - - (1,091)
- - 97 - 97
- - - - (
23)
- - - - 1,569
- (
3,157) - - (3,157)
- 3,157 - (
3,157) -
- - (3,157) 3,157 -
- - - - 12

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179

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180

WASTEWATER FUND

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181
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2024
(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 - $ 64,278$ -$ -$
Receivables, net:

Accounts 1,025 12,188 - -
Intergovernmental - - 491 -
Interest - 324 - -
Due from other funds - 458 - -
Inventories - 98 - -
Total current assets 1,025 77,346 491 -
Noncurrent assets:

Restricted assets:

Cash and investments held by City 6,898 - - -
Capital assets:

Land - 1,138 - -
Buildings and improvements - 42,114 - 12,041
Machinery and equipment - 5,455 148 301
Transmission and distribution systems 23,686 174,249 11,508 21,135 Construction in progress - 4,410 491 62
Software - 621 - 97
IT subscriptions - 363 - -
Less: accumulated depreciation/amortization (850) (100,467) (549) (4,375) Total noncurrent assets 29,734 127,883 11,598 29,261
Total assets 30,759 205,229 12,089 29,261

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt - - - -
Pensions - 4,338 - -
OPEB - 539 - -
Total deferred outflows of resources - 4,877 - -

Page 1 of 4 ends

182
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2024
(in thousands)
ASSETS
Current assets:

Cash and investments held by City
Receivables, net:

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

Restricted assets:

Cash and investments held by City
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
-$ -$ -$ 64,278$
- - - 13,213
- - - 491
- - - 324
- - (458) -
- - - 98
- - (458) 78,404
515 - - 7,413
- - - 1,138
4,499 - - 58,654
140 - - 6,044
20,831 - - 251,409
2,454 - - 7,417
2,746 - - 3,464
- - - 363
(2,332) - - (108,573)
28,853 - - 227,329
28,853 - (458) 305,733
- 2,105 - 2,105
- - - 4,338
- - - 53 9
- 2,105 - 6,982
(continued)

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183
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2024
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund

LIABILITIES
Current liabilities:

Accounts payable 692 13,801 33 -
Due to other funds - - 458 -
Accrued payroll - 396 - -
Accrued compensated absences - 72 - -
Interest payable - 3 - -
Accrued claims and judgments - 112 - -
IT subscription liabilities - 92 - -
Revenue and other bonds payable, net - - - -
Total current liabilities 692 14,476 491 -
Noncurrent liabilities:

Accrued compensated absences - 1,313 - -
Wastewater fee credits 7,764 - - -
Net OPEB liability - 4,101 - -
IT subscription liabilities - 79 - -
Revenue and other bonds payable, net - - - -
Net pension liability - 16,656 - -
Total noncurrent liabilities 7,764 22,149 - -
Total liabilities 8,456 36,625 491 -

DEFERRED INFLOWS OF RESOURCES
Pensions - 242 - -
OPEB - 769 - -
Total deferred inflows of resources - 1,011 - -

NET POSITION
Net investment in capital assets 14,386 126,326 11,565 29,261 Restricted for:

Capital projects 7,917 - - -
Other programs - - 33 -
Unrestricted - 46,144 - -
Total net position (deficit) 22,303$ 172,470$ 11,598$ 29,261$ (continued)

Page 3 of 4 ends

184
City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2024
(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
- - - 14,526
- - (458) -
- - - 396
- - - 72
388 195 - 586
- - - 112
- - - 92
1,271 1,170 - 2,441
1,659 1,365 (458) 18,225
- - - 1,313
- - - 7,764
- - - 4,101
- - - 79
26,534 25,260 - 51,794
- - - 16,656
26,534 25,260 - 81,707
28,193 26,625 (458) 99,932
- - - 242
- - - 769
- - - 1,011
1,048 (24, 325) - 158,261
- - - 7,917
- - - 33
(388) (195) - 45,561
660$ (24,520)$ -$ 211,772$

Page 4 of 4 ends

185
City of Sacramento
Wastewater Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2024
(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 -$ 44,226$ -$ -$
Charge to other agencies for contract services - 1,645 - - Total operating revenues - 45,871 - -
Operating expenses:

Employee services - 15,080 - -
Services and supplies 200 19,695 - -
Depreciation/amortization 237 4,043 130 499
Claims and judgments - 37 - -
Total operating expenses 437 38,855 130 499
Operating income (loss) (437) 7,016 (130) (499)
Nonoperating revenues (expenses):

Interest and investment revenue 167 3,676 - 6
Interest expense - (4) - -
Loss on disposition of capital assets - - - (79)
Total nonoperating revenues (expenses) 167 3,672 - (73) Income (loss) before capital contributions and transfers (270) 10,688 (130) (572) Capital contributions 1,295 1,298 1,024 -
Transfers in 325 64 - 400
Transfers out - (8,255) - (4)
Changes in net position 1,350 3,795 894 (176)
Total net position (deficit), beginning of year 20,953 168,675 10,704 29,437 Total net posi
tion (deficit), end of year 22,303$ 172,470$ 11,598$ 29,261$

Page 1 of 2 ends

186
City of Sacramento
Wastewater Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2024
(in thousands)
Operating revenues:

Charges for services:

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

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

Interest and investment revenue
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
-$ -$ -$ 44,226$
- - - 1,645
- - - 45,871
- - - 15,080
6 - - 19,901
499 - - 5,408
- - - 37
505 - - 40,426
(505) - - 5,445
14 - - 3,863
(877) (701) - (1,582)
(368) - - (447)
(1,231) (701) - 1,834
(1,736) (701) - 7,279
- - - 3,617
2,112 926 (3,442) 385
- - 3,442 (4,817)
376 225 - 6,464
284 (24,745) - 205,308
660$ (24,520)$ -$ 211,772$

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187
City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(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 -$ 45,459$ -$ -$
P
ayments to suppliers (194) (19,673) - -
Payments to employees - (14,542) - -
Claims and judgments paid - (13) - -
Net cash provided by (used for) operating activities (194) 11,231 - - Cash flows from noncapital financing activities:

Interfund cashflow loans - (458) 458 -
Transfers in from other funds 325 60 - -
Transfers out to other funds - (4,771) - -
Interfund loan repayments - 787 (787) -
Net cash provided by (used for) noncapital financing activities 325 (4,382) (329) - Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (29) (1,800) (1,214) - Principal payments on capital debt - - - (805)
Interest payments on capital debt - - - (20)
Principal payments on IT subscription liabilities - (117) - - Interest payments on IT subscription liabilities - (1) - - Transfers in from other funds - 4 - 400
Transfers out to other funds - (3,484) - (4)
Capital contributions received 447 - 1,543 -
Cash reimbursement for fee credits (2,322) - - -
Net c
ash provided by (used for) capital and
related financing activities (1,904) (5,398) 329 (429)
Cash flows from investing activities:

Collection of interest and investment revenue 167 3,646 - 5 Net increase (decrease) in cash and cash equivalents (1,606) 5,097 - (424) Cash and cash equivalents, beginning of year 8,504 59,181 - 424 Cash and cash equivalents, end of year 6,898$ 64,278$ -$ -$ R
econciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City -$ 64,278$ -$ -$
R
estricted cash and investments held by City 6,898 - - - Total cash and cash equivalents, end of year 6,898$ 64,278$ -$ -$ 188

Page 1 of 4 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(in thousands)
Cash flows from operating 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
Interest 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:

Cash and investments held by City
Restricted cash and investments held by City
Total cash and cash equivalents, end of year
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 45,459$ (6) - - (19,873) - - - (14,542) - - - (13) (6) - - 11,031 - - - - - - - 385 - - - (4,771) - - - - - - - (4,386) (33) - - (3,076) (925) (340) - (2,070) (1,189) (586) - (1,795) - - - (117) - - - (1) 2,112 926 (3,442) - - - 3,442 (46) - - - 1,990 - - - (2,322) (35) - - (7,437) 14 - - 3,832 (
27) - - 3,040 542 - - 68,651

515$ -$ -$ 71,691$ -$ -$ -$ 64,278$ 515 - - 7,413 515$ -$ -$ 71,691$ (continued)
189

Page 2 of 4 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund
(437)$ 7,016$ (
130)$ (499)$
237 3,897 130 499
146 - -
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 - (412) - -
Inventories - (28) - -
Accounts payable 6 50 - -
Accrued payroll - 40 - -
Accrued compensated absences - 170 - -
Accrued claims and judgments - 24 - -
Net pension liability and related deferred outflows/inflows of resources - 766 - - Net OPEB liability and related deferred outflows/inflows of resources - (438) - - (194)$ 11,231$ -$ -$
-$ 1,298$ -$ -$
- - - 8
- - - -
- 1,386 33 -
- - - 79
686 - - -
Net cash provided by (used for) operating activities
Noncash investing, capital and financing activities:

Page 3 of 4 ends

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(in thousands)
Reconciliation of operating income (loss) to net
cash provided by (used for) operating activities:

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

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

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

Contributions of capital assets
Amortization of bond premium and discount
Amortization of bond loss on refunding
Capital asset acquisitions on accounts payable
Loss on disposition of capital assets
Fee credit reimbursement accounts payable
Forgiven IT subscription liability
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
(505)$ -$ -$ 5,445$
316 - - 5,079
183 - - 329
- - - (
412)
- - - (28)
- - - 56
- - - 40
- - - 170
- - - 24
- - - 766
- - - (438)
(6)$ -$ -$ 11,031$
-$ -$ -$ 1,298$
296 - - 304
- (116) - (116)
- - - 1,419
368 - - 447
- - - 686
- - - 8
191

Page 4 of 4 ends

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192

COMMUNITY CENTER FUND

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193
City of Sacramento
Community Center Fund
Combining Schedule of Net Position
June 30, 2024
(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 35,654 $ -$ -$ -$ 35,654$ Receivables, net:

Taxes 4,392 - - - 4,392
Accounts 2,286 - - - 2,286
Interest 197 - - 14 211
Total current assets 42,529 - - 14 42,543
Noncurrent assets:

Restricted assets:

Cash and investments held by City - 3,115 630 - 3,745
Cash and investments held by fiscal agent 2,091 2,851 415 1,959 7,316 Capital assets:

Land 20,071 - - - 20,071
Buildings and improvements 113,190 - - - 113,190
Machinery and equipment 4,913 - - - 4,913
Construction in progress 7,065 295,546 19,504 49,666 371,781 Software 59 - - - 59
IT subscriptions 228 - - - 228
Less: accumulated depreciation/amortization (75,304) - - - (75,304) Total noncurrent assets 72,313 301,512 20,549 51,625 445,999 Total assets 114,842 301,512 20,549 51,639 488,542

DEFERRED OUTFLOWS OF RESOURCES
Pensions 3,254 - - - 3,254
OPEB 451 - - - 451
Total deferred outflows of resources 3,705 - - - 3,705

Page 1 of 2 ends

194
City of Sacramento
Community Center Fund
Combining Schedule of Net Position
June 30, 2024
(in thousands)
2018 TOT 2019 STID
Revenue Bonds, 2018 TOT Assessment Total
Community Tax-Exempt Revenue Bonds, Revenue Community
Center Fund Fund Taxable Fund Bonds Fund Center Fund

LIABILITIES
Current liabilities:

Accounts payable 3,577 8 35 - 3,620
Due to other funds 250 - - - 250
Accrued payroll 239 - - - 239
Accrued compensated absences 49 - - - 49
Interest payable 4 1,074 13 144 1,235
Unearned revenue 1,592 - - - 1,592
Accrued claims and judgments 14 - - - 14
IT subscription liabilities 52 - - - 52
Revenue and other bonds payable, net - 3,000 4,025 1,169 8,194 Total current liabilities 5,777 4,082 4,073 1,313 15,245 Noncurrent liabilities:

Accrued compensated absences 611 - - - 611
Advances from other funds 4,493 - - - 4,493
Net OPEB liability 297 - - - 297
IT subscription liabilities 97 - - - 97
Revenue and other bonds payable, net - 281,084 - 49,819 330,903 Net pension liability 10,751 - - - 10,751
Total noncurrent liabilities 16,249 281,084 - 49,819 347,152 To
tal liabilities 22,026 285,166 4,073 51,132 362,397

DEFERRED INFLOWS OF RESOURCES
Pensions 162 - - - 162
OPEB 55 - - - 55
Total deferred inflows of resources 217 - - - 217

NET POSITION
Net investment in capital assets 72,160 19,705 16,695 1,528 110,088 Unrestricted 24,144 (3,359) (219) (1,021) 19,545
Total net position 96,304$ 16,346$ 16,476$ 507$ 129,633$

Page 2 of 2 ends

195
City of Sacramento
Community Center Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2024
(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 2,175 $ -$ -$
Rents and concessions 12,465 - -
Total operating revenues 14,640 - -
Operating expenses:

Employee services 8,279 - -
Services and supplies 14,821 43 -
Depreciation/amortization 1,366 - -
Claims and judgments 39 - -
Total operating expenses 24,505 43 -
Operating loss (9,865) (43) -
Nonoperating revenues (expenses):

Interest and investment revenue 1,734 490 16
Transient occupancy taxes 34,254 - -
Interest expense (128) (11,849) (306)
Total nonoperating revenues (expenses) 35,860 (11,359) (290) Income (loss) before transfers 25,995 (11,402) (290)
Transfers in 1 14,162 4,443
Transfers out (21,489) - -
Changes in net position 4,507 2,760 4,153
Total net position (deficit), beginning of year 91,797 13,586 12,323 Total net position, end of year 96,304$ 16,346$ 16,476$

Page 1 of 2 ends

196
City of Sacramento
Community Center Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2024
(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, end of year
2019 STID
Assessment Total
Revenue Community
Bonds Fund Eliminations Center Fund
-$ -$ 2,175$
- - 12,465
- - 14,640
- - 8,279
- - 14,864
- - 1,366
- - 39
- - 24,548
- - (9,908)
130 - 2,370
- - 34,254
(1,617) - (13,900)
(1,487) - 22,724
(1,487) - 12,816
2,688 (18,605) 2,689
- 18,605 (2,884)
1,201 - 12,621
(694) - 117,012
507$ -$ 129,633$

Page 2 of 2 ends

197
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(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 17,080 $ -$ -$
Payments to suppliers (16,130) (43) 35
Payments to employees (7,947) - -
Claims and judgments paid (29) - -
Net cash provided by (used for) operating activities (7,026) (43) 35 Cash flows from noncapital financing activities:

Transient occupancy taxes 33,429 - -
Transfers out to other funds (2,884) - -
Interfund loan repayments (250) - -
Net cash provided by noncapital financing activities 30,295 - - Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (820) (2,239) (105) Principal payments on capital debt - (1,325) (4,370)
Interest payments on capital debt - (12,955) (320)
Principal payments on IT subscription liabilities (53) - - Transfers in from other funds - 14,162 4,443
Transfers out to other funds (18,605) - -
Net cash used for capital and related financing activities (19,478) (2,357) (352) Cash flows from investing activities:

Collection of interest and investment revenue 1,696 490 16 Net increase (decrease) in cash and cash equivalents 5,487 (1,910) (301) Cash and cash equivalents, beginning of year 32,258 7,876 1,346 Cash and cash equivalents, end of year 37,745$ 5,966$ 1,045$ Reconciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City 35,654$ -$ -$
Restricted cash and investments held by City - 3,115 630 Restricted cash and investments held by fiscal agent 2,091 2,851 415 Total cash and cash equivalents, end of year 37,745$ 5,966$ 1,045$

Page 1 of 4 ends

198
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(in thousands)
Cash flows from operating 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:

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
-$ - $ 17,080$ - - (16,138) - - (7,947) - - (29) - - (7,034) - - 33,429 - - (2,884) - - (250) - - 30,295
(13) - (3,177) (960) - (6,655) (1,780) - (15,055) - - (53) 2,688 (18,605) 2,688 - 18,605 - (65) - (22,252) 130 - 2,332 65 - 3,341 1,894 - 43,374 1,959$ -$ 46,715$ -$ -$ 35,654$ - - 3,745 1,959 - 7,316 1,959$ -$ 46,715$ (continued)

Page 2 of 4 ends

199
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(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 provided by (used for) operating activities:

Operating loss (9,865)$ (43) $ - $ Adjustments to reconcile operating loss to
net cash provided by (used for) operating activities:

Depreciation/amortization expense 1,366 - - Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net 2,105 - - Prepaid items 8 - - Accounts payable (1,317) - 35 Accrued payroll 57 - - Accrued compensated absences 119 - - Accrued claims and judgments 10 - - Unearned revenue 335 - - Net pension liability and related deferred outflows/inflows of resources 533 - - Net OPEB liability and related deferred outflows/inflows of resources (377) - - Net cash provided by (used for) operating activities (7,026)$ (43)$ 35$ Noncash investing, capital and financing activities:

Amortization of bond premium and discount -$ 1,100$ -$ Capital asset acquisitions on accounts payable 4 8 - (continued)

Page 3 of 4 ends

200
City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2024
(in thousands)
Reconciliation of operating loss to net
cash provided by (used for) operating activities:

Operating loss
Adjustments to reconcile operating loss to
net c
ash provided by (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 provided by (used for) operating activities
Noncash investing, capital and financing activities:

Amortization of bond premium and discount
Capital asset acquisitions on accounts payable
2019 STID
Assessment Total
Revenue Community
Bonds Fund Eliminations Center Fund
-$ -$ (9,908)$
- - 1,366
- - 2,105
- - 8
- - (1,282)
- - 57
- - 119
- - 10
- - 335
- - 533
- - (377)
-$ -$ (7,034)$
159$ -$ 1,259$
- - 12

Page 4 of 4 ends

201

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202

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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203
City of Sacramento
Internal Service Funds
Combining Statement of Net Position
June 30, 2024
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
ASSETS
Current assets:

Cash and investments held by City 50,142$ 9
0,997$ 141,
139$
Cash and investments held by fiscal agent - 758 7
58 Rec
eivables, net:

Accounts 244 4
,355 4
,599
In
terest 231 3
56 5
87 Due f
rom other funds - 8,441 8
,441
P
repaid items 9,798 - 9
,798
T
otal current assets 60,415 104,
907 165,
322
Nonc
urrent assets:

Advances to other funds - 25,579 2
5,579
C
apital assets:

Buildings and improvements 7,454 - 7
,454
M
achinery and equipment 543 - 5
43 V
ehicles 216,495 - 216,
495
Cons
truction in progress 503 - 5
03 So
ftware 256 - 2
56 Leas
ed building - 175 1
75 IT su
bscriptions - 165 1
65 Les
s: accumulated depreciation/amortization (131,164) (132) (131,296) T
otal noncurrent assets 94,087 2
5,787 119,
874
T
otal assets 154,502 130,
694 285,
196
DE

FERRED OUTFLOWS OF RESOURCES
Pensions 2,812 1 ,911 4 ,723
O
PEB 466 1
47 6
13 T
otal deferred outflows of resources 3,278 2
,058 5
,336

Page 1 of 2 ends

204
City of Sacramento
Internal Service Funds
Combining Statement of Net Position
June 30, 2024
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds

LIABILITIES
Current liabilities:

Accounts payable 4,582 1,025 5,607 Accrued payroll 247 159 406 Accrued compensated absences 61 46 107 Interest payable - 1 1 Unearned revenue - 204 204 Accrued claims and judgments 102 36,591 36,693 Lease liabilities - 22 22 IT subscription liabilities - 55 55

Total current liabilities 4,992 38,103 43,095 Noncurrent liabilities:

Accrued compensated absences 610 534 1,144 Net OPEB liability 4,480 484 4,964 Accrued claims and judgments - 105,824 105,824 Lease liabilities - 83 83 Net pension liability 12,175 7,312 19,487 Total noncurrent liabilities 17,265 114,237 131,502 Total liabilities 22,257 152,340 174,597

DEFERRED INFLOWS OF RESOURCES
Pensions 27 8 35 OPEB 951 114 1,065 Total deferred inflows of resources 978 122 1,100

NET POSITION
Net investment in capital assets 92,497 48 92,545 Unrestricted 42,048 (19,758) 22,290 Total net position (deficit) 134,545$ (19,710)$ 114,835$

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206
City of Sacramento
Internal Service Funds
Combining Statement of Revenues, Expenses
and Changes in Net Position
For the Fiscal Year Ended June 30, 2024
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Operating revenues:

Charges for services:

User fees and charges 65,181$ 62,314$ 127,495$
Miscellaneous 92 - 92
Total operating revenues 65,273 62,314 127,587
Operating expenses:

Employee services 8,637 5,769 14,406
Services and supplies 26,482 5,826 32,308
Depreciation/amortization 16,780 77 16,857
Insurance premiums - 17,726 17,726
Claims and judgments 142 44,630 44,772
Total operating expenses 52,041 74,028 126,069
Operating income (loss) 13,232 (11,714) 1,518
Nonoperating revenues (expenses):
1,718 5,952 7,670
- 19 19
- 1,287 1,287
- (3) (3)
Interest and investment revenue
Revenue from other agencies
Insurance and other claim recoveries
Interest expense
Gain on disposition of capital assets 486 - 486 Total nonoperating revenues (expenses) 2,204 7,255 9,459 Income (loss) before transfers 15,436 (4,459) 10,977
Transfers in - 10 10
Transfers out (1,199) (15,000) (16,199)
Changes in net position 14,237 (19,449) (5,212)
Total net position (deficit), beginning of year 120,308 (261) 120,047 Total net position (deficit), end of year 134,545$ (19,710)$ 114,835$ 207
City of Sacramento
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2024
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Cash flows from operating activities:

Receipts from interfund services provided 65,274$ 143, 995$ 209,269$
Payments to suppliers (26,282) (104,955) (131,237) Payments to employees (8,208) (5,412) (13,620)
Claims and judgments paid (97) (35,074) (35,171)
Net cash provided by (used for) operating activities 30,687 (1,446) 29,241 Cash flows from noncapital financing activities:

Transfers in from other funds - 10 10
Transfers out to other funds (1,153) - (1,153)
Collections on interfund loans - 4,649 4,649
Loans made to other funds - (23,191) (23,191)
Intergovernmental revenue received - 19 19
Net cash used for noncapital financing activities (1,153) (18,513) (19,666) Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (20,195) - (20,195) Proceeds from sale of capital assets 941 - 941
Initial direct costs to place lease asset into service - (24) (24) Principal payments on lease liabilities - (19) (19)
Principal payments on IT subscription liabilities - (54) (54) Interest payments on IT subscription liabilities - (3) (3) Transfers out to other funds (46) - (46)
Net cash used for capital and related financing activities (19,300) (100) (19,400) Cash flows from investing activities:

Collection of interest and investment revenue 1,651 5,948 7,599 Net increase (decrease) in cash and cash equivalents 11,885 (14,111) (2,226) Cash and cash equivalents, beginning of year 38,257 105,866 144, 123
C
ash and cash equivalents, end of year 50,142$ 9
1,755$ 141,
897$
Reconciliation of cash and cash equivalents
to t
he Statement of Net Position:

Cash and investments held by City 50,142$ 9
0,997$ 141,
139$
Cash and investments held by fiscal agent - 758 758
Total cash and cash equivalents, end of year 50,142$ 9 1,755$ 141,
897$

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208
City of Sacramento
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2024
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Reconciliation of operating income (loss) to net
cash provided by (used for) operating activities:

Operating income (loss) 13,232$ (11,714)$ 1,518$ Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation/amortization expense 16,763 77 16,840 Amortization of intangible assets 17 - 17 Nonoperating claims and judgments - 1,929 1,929 Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net 2 (1) 1 Prepaid items - 1 1 Accounts payable 199 277 476 Accrued payroll 48 11 59 Accrued compensated absences 46 (5) 41 Accrued claims and judgments 45 7,627 7,672 Unearned revenue - 1 1 Net pension liability and related deferred outflows/inflows of resources 715 479 1,194 Net OPEB liability and related deferred outflows/inflows of resources (380) (128) (508) Net cash provided by (used for) operating activities 30,687$ (1,446)$ 29,241$ Noncash investing, capital and financing activities:

Decrease in prepaid items for capital assets 1,250$ -$ 1,250$ Capital asset acquisitions on accounts payable 1,590 - 1,590

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209

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210

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, 2024
(in thousands)
Assessment Total
Individual Districts & Other
Investment Communit y Custodial
Accounts Facilities Districts Funds
ASSETS
Cash and investments held by City 146,394$ 15,027$ 161,421$ Cash and investments held by fiscal agent - 3,901 3,901 Receivables, net:

Interest 481 36 517
Special assessments - 482 482
Restricted assets:

Cash and investments held by City - 3,074 3,074 Cash and investments held by fiscal agent - 18,764 18,764 Total assets 146,875 41,284 188,159

LIABILITIES
Accounts payable - 9 9
Due to bondholders - 41,275 41,275
Total liabilities - 41,284 41,284

NET POSITION
Held for external pool participants 146,875$ - $ 146,875$ 211
City of Sacramento
Other Custodial Funds
Combining Statement of Changes in Fiduciary Net Position For the Fiscal Year Ended June 30, 2024
(in thousands)
Assessment Total
Individual Districts & Other
Investment Communit y Custodial
Accounts Facilities Districts Funds
Additions:

Deposits 2,061 $ - $ 2,061 $ Special assessments - 18,373 18,373 Capital contributions - 27,113 27,113 Investment income:

From investment activities:

Net appreciation in fair value of investments 3,037 - 3,037 Interest 4,221 2,133 6,354 Total investment income 7,258 2,133 9,391 Total additions 9,319 47,619 56,938 Deductions:

Withdrawals 39 - 39 Paid to bondholders - 46,459 46,459 Administrative expenses - 1,160 1,160 Total deductions 39 47,619 47,658
Changes in net position 9,280 - 9,280 Net position, beginning of year 137,595 - 137,595 Net position, end of year 146,875 $ - $ 146,875$ 212
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.
213
City of Sacramento
Net Position by Component (1) (2) (3)
Last Ten Fiscal Years
(accrual basis accounting, in thousands)
2015 2016 2017 2018 2019
Governmental activities
Net investment in capital assets 1,445,139 $ 1,497,796 $ 1,296,493 $ 1,335,576 $ 1,267,837 $ Restricted for:

Capital projects 116,910 80,054 119,131 136,831 166,705 Debt service 665 1,203 872 606 686 Public works programs 19,027 20,521 18,866 24,750 27,792 Economic development programs 17,280 16,888 16,251 44,920 48,878 Ambulance services 1,085 1,085 - - - Other programs 26,735 28,381 23,645 26,786 39,380 Trust and endowments:

Expendable 7,789 8,008 8,545 8,656 9,197 Nonexpendable 878 878 878 878 878 Unrestricted (591,896) (581,697) (443,845) (667,254) (606,222) Total governmental activities net position 1,043,612 $ 1,073,117 $ 1,040,836 $ 911,749 $ 955,131 $ Business-type activities
Net investment in capital assets 748,312 $ 785,353 $ 807,004 $ 869,183 $ 925,128 $ Restricted for:

Capital projects 33,914 40,772 39,155 38,473 40,411 Debt service - - - - - Other programs 1,730 2,203 2,607 2,633 2,963 Unrestricted 107,305 123,842 150,049 124,001 138,742 Total business-type activities net position 891,261$ 952,170$ 998,815$ 1,034,290$ 1,107,244$ Primary government
Net investment in capital assets 2,193,451$ 2,283,149$ 2,103,497$ 2,204,759$ 2,192,965$ Restricted for:

Capital projects 150,824 120,826 158,286 175,304 207,116 Debt service 665 1,203 872 606 686 Public works programs 19,027 20,521 18,866 24,750 27,792 Economic development programs 17,280 16,888 16,251 44,920 48,878 Ambulance services 1,085 1,085 - - - Other programs 28,465 30,584 26,252 29,419 42,343 Trust and endowments:

Expendable 7,789 8,008 8,545 8,656 9,197 Nonexpendable 878 878 878 878 878 Unrestricted (484,591) (457,855) (293,796) (543,253) (467,480) Total primary government net position 1,934,873$ 2,025,287$ 2,039,651$ 1,946,039$ 2,062,375$ 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. (4) GASB 96 was implemented in fiscal year 2023, and beginning net position has not been restated.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 1 of 2 ends

214
City of Sacramento
Net Position by Component (1) (2) (3)
Last Ten Fiscal Years
(accrual basis accounting, in thousands)
2020 2021 2022 2023 2024
Governmental activities
Net investment in capital assets 1,318,817 $ 1,360,966 $ 1,370,530 $ 1,346,924 $ 1,408,509 $ Restricted for:

Capital projects 191,919 214,188 223,243 260,988 269,677 Debt service 537 401 907 1,086 1,083
Public works programs 29,972 29,598 35,497 39,396 39,465 Economic development programs 46,954 49,537 55,545 72,326 79,416 Ambulance services - - - - -
Other programs 60,466 61,142 67,600 71,766 81,521 Trust and endowments:

Expendable 8,547 9,934 10,249 10,331 11,168 Nonexpendable 878 878 578 586 595
Unrestricted (612,827) (596,900) (407,418) (414,118) (442,055) Total governmental activities net position 1,045,263$ 1,129,744$ 1,356,731$ 1,389,285$ 1,449,379$ Business-type activities
Net investment in capital assets 1,166,785$ 1,167,408$ 937,751$ 952,381$ 972,422$ Restricted for:

Capital projects 47,256 43,253 45,942 58,741 60,852 Debt service 401 - - - -
Other programs 2,929 2,200 2,594 22,020 38,114 Unrestricted (44,579) 1,279 268,651 271,835 308,714 Total business-type activities net position 1,172,792$ 1,214,140$ 1,254,938$ 1,304,977$ 1,380,102$ Primary government
Net investment in capital assets 2,485,602$ 2,528,374$ 2,308,281$ 2,299,305$ 2,380,931$ Restricted for:

Capital projects 239,175 257,441 269,185 319,729 330,529 Debt service 938 401 907 1,086 1,083
Public works programs 29,972 29,598 35,497 39,396 39,465 Economic development programs 46,954 49,537 55,545 72,326 79,416 Ambulance services - - - - -
Other programs 63,395 63,342 70,194 93,786 119,635 Trust and endowments:

Expendable 8,547 9,934 10,249 10,331 11,168 Nonexpendable 878 878 578 586 595
Unrestricted (657,406) (595,621) (138,767) (142,283) (133,341) Total primary government net position 2,218,055$ 2,343,884$ 2,611,669$ 2,694,262$ 2,829,481$ 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. (4) GASB 96 was implemented in fiscal year 2023, and beginning net position has not been restated.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 2 of 2 ends

215
City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2015 2016 2017 2018 2019
Expenses
Governmental activities
General government 52,474 $ 59,037 $ 59,033 $ 100,625 $ 116,282 $ Police 166,797 164,750 176,955 199,746 203,303 Fire 127,561 137,859 146,693 160,216 169,819 Public works 103,088 121,184 106,328 122,340 132,958 General services (2) 15,619 - - - -
Economic development (3) 11,075 13,049 13,397 - -
Convention and cultural services 19,441 24,139 20,380 21,066 30,907 Youth, parks, and community enrichment 56,573 53,911 50,156 55,518 61,225 Community development 30,221 36,251 41,726 50,879 60,466 Community response (4) - - - - -
Library 15,629 16,294 16,122 17,376 18,687
Interest on long-term debt 29,046 30,404 27,626 23,144 23,454 Total governmental activities expenses 627,524 656,878 658,416 750,910 817,101 Business-type activities
Water 69,428 73,150 80,176 87,745 99,029
Wastewater 25,432 25,348 29,075 28,251 33,059
Storm drainage 41,830 40,971 40,479 41,199 40,186
Solid waste 47,149 47,703 51,693 56,698 57,408
Community center 17,690 17,277 16,607 17,795 27,058
Parking 13,704 14,451 11,955 13,475 14,354
Child development 6,151 5,519 5,743 6,589 6,766
Total business-type activities expenses 221,384 224,419 235,728 251,752 277,860 Total primary government expenses 848,908$ 881,297$ 894,144$ 1,002,662$ 1,094,961$ 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

Page 1 of 6 ends

216
City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2020 2021 2022 2023 2024
Expenses
Governmental activities
General government 152,791 $ 259,529 $ 228,155 $ 208,630 $ 173,246 $ Police 233,686 233,883 214,867 257,552 284,283 Fire 179,626 191,814 165,526 200,767 229,749 Public works 125,025 115,565 116,113 137,292 158,275 General services (2) - - - - -
Ec
onomic development (3) - - - - -
Conv
ention and cultural services 20,615
18,398 21,421
29,053 31,401
Youth, parks, and community enrichment 66,885
57,345 67,602
80,719 100,146
Community development 74,398
71,473 64,151
67,398 75,796
Community response (4) - - 10,703 20,314 20,467
Library 19,822
22,173 23,304
24,416 24,744
Interest on long-term debt 24,341
20,635 18,800
26,259 16,903
Total governmental activities expenses 897,189 990,815 930,642 1,052,400 1,115,010 Business-type activities
Water 104,542 102,538 101,546 117,007 124,055 Wastewater 32,461 32,436 30,828 35,415 42,455
Stor
m drainage 44,786 40,942 41,238 48,231 51,743
Sol
id waste 59,176 64,060 63,228 77,838 72,036
Communi
ty center 31,298 25,257 29,456 32,916 38,448
Par
king 13,997 11,454 10,675 12,476 14,148
Chi
ld development 5,594 3,422 5,626 6,339 6,317
T
otal business-type activities expenses 291,854 280,109 282,597 330,222 349,202 Total primary government expenses 1,189,043$ 1,270,924$ 1,213,239$ 1,382,622$ 1,464,212$ 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 FY 18. (
4) The Department of Community Response was created in FY22.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

Page 2 of 6 ends

217
City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2015 2016 2017 2018 2019
Program Revenues
Governmental activities
Charge for services
General government 6,436 $ 7,103 $ 6,573 $ 19,438 $ 22,908 $ Police 11,583 11,022 13,068 12,586 14,550 Fire 32,264 31,204 30,897 42,898 42,866 Public works 32,840 37,179 42,897 50,159 52,901 General services (2) 1,251 - - - - Economic development (3) 7,659 7,889 9,140 - - Convention and cultural services 9,303 10,085 10,860 12,456 12,622 Youth, parks, and community enrichment 15,004 13,792 12,954 13,065 13,365 Community development 25,069 27,025 32,428 36,019 38,218 Library 29 - - - - Total charge for services 141,438 145,299 158,817 186,621 197,430 Operating grants and contributions 52,306 35,442 36,938 41,811 55,535 Capital grants and contributions 115,354 122,528 86,856 101,476 98,903 Total governmental activities
program revenues 309,098 303,269 282,611 329,908 351,868 Business-type activities
Charge for services
Water 100,523 98,533 108,867 119,379 127,868 Wastewater 32,223 31,532 34,311 37,596 42,275 Storm drainage 37,646 40,166 40,124 39,512 39,969 Solid waste 59,095 60,253 61,548 63,556 63,664 Community center 8,748 8,782 9,488 9,848 8,726 Parking 16,595 17,646 18,374 19,003 19,735 Child development 5,553 6,073 5,713 6,419 6,547 Total charge for services 260,383 262,985 278,425 295,313 308,784 Operati
ng grants and contributions 2,142 3,435 3,967 2,179 3,300 Capital grants and contributions 7,292 7,433 6,229 23,726 20,457 Total business-type activities
program revenues 269,817 273,853 288,621 321,218 332,541 Total primary government
program revenues 578,915$ 577,122$ 571,232$ 651,126$ 684,409$ Net (Expense) Revenue
Governmental activities (318,426)$ (353,609)$ (375,805)$ (421,002)$ (465,233)$ Business-type activities 48,433 49,434 52,893 69,466 54,681 Total primary government net expenses (269,993)$ (304,175)$ (322,912)$ (351,536)$ (410,552)$ 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

Page 3 of 6 ends

218
City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2020 2021 2022 2023 2024
Program Revenues
Governmental activities
Charge for services
General government 26,527 $ 28,247 $ 30,628 $ 27,839 $ 28,932 $ Police 13,490 10,468 12,626 12,438 13,362 Fire 44,851 46,867 54,968 49,582 60,800 Public works 50,216 43,245 55,885 57,100 59,859 General services (2) - - - - - Economic development (3) - - - - - Convention and cultural services 10,385 8,823 10,901 12,831 13,256 Youth, parks, and community enrichment 12,429 8,952 12,470 13,319 16,125 Community development 38,646 34,287 35,516 35,562 30,485 Library - - - - - Total charge for services 196,544 180,889 212,994 208,671 222,819 Operating grants and contributions 75,897 185,641 234,294 80,189 90,169 Capital grants and contributions 160,395 141,760 110,961 135,186 154,666 Total governmental activities
program revenues 432,836 508,290 558,249 424,046 467,654 Business-type activities
Charge for services
Water 142,041 144,070 136,613 135,399 132,957 Wastewater 44,562 43,829 44,327 44,809 45,871 Storm drainage 40,871 40,848 41,901 61,120 62,606 Solid waste 67,086 73,465 76,221 87,753 93,291 Community center 2,458 196 10,140 13,889 14,640 Parking 17,140 10,403 13,977 16,978 18,725 Child development 5,328 552 4,356 5,592 6,396 Total charge for services 319,486 313,363 327,535 365,540 374,486 Operati
ng grants and contributions 1,693 501 1,864 1,185 4,762 Capital grants and contributions 32,726 18,445 17,162 18,069 25,168 Total business-type activities
program revenues 353,905 332,309 346,561 384,794 404,416 Total primary government
program revenues 786,741$ 840,599$ 904,810$ 808,840$ 872,070$ Net (Expense) Revenue
Governmental activities (464,353)$ (482,525)$ (372,393)$ (628,354)$ (647,356)$ Business-type activities 62,051 52,200 63,964 54,572 55,214 Total primary government net expenses (402,302)$ (430,325)$ (308,429)$ (573,782)$ (592,142)$ 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

Page 4 of 6 ends

219
City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2015 2016 2017 2018 2019
General Revenues and Other
Changes in Net Position
Governmental activities
Taxes:

Property taxes 129,714 $ 138,354 $ 146,697 $ 156,710 $ 170,439 $ Utility user taxes 59,947 61,404 62,997 62,989 60,128 Other taxes 66,205 70,761 77,608 83,981 105,997 Sales taxes shared state revenue 58,476 67,983 81,296 82,987 93,770 In-lieu sales tax 16,632 14,387 - - - Investment earnings (loss) 8,769 11,328 9,178 5,593 20,923 Miscellaneous 11,060 12,954 14,221 17,328 14,834 Contributions to permanent fund 1 - - - - Gain (loss) on disposition of capital assets 5,340 - (79,916) - - Gain on reduction in lease and IT subscription liabilities - - - - - Special items - (8,830) - - 7,000 Transfers 32,148 14,773 31,443 34,525 35,524 Total governmental activities 388,292 383,114 343,524 444,113 508,615 Business-type activities
Taxes:

Other taxes 20,108 21,800 23,866 26,839 29,477 Investment earnings (loss) 1,567 4,428 1,292 1,013 20,020 Miscellaneous 5 20 20 37 - Gain (l
oss) on disposition of capital assets - - 17 424 1,747 Gain on lease forgiveness - - - - - Special items 4,554 - - - 2,553 Transfers (32,148) (14,773) (31,443) (34,525) (35,524) Total business-type activities (5,914) 11,475 (6,248) (6,212) 18,273 Total primary government 382,378$ 394,589$ 337,276$ 437,901$ 526,888$ Change in Net Position
Governmental activities 69,866$ 29,505$ (32,281)$ 23,111$ 43,382$ Business-type activities 42,519 60,909 47,180 63,254 72,954 Total primary government 112,385$ 90,414$ 14,899$ 86,365$ 116,336$ 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

Page 5 of 6 ends

220
City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2020 2021 2022 2023 2024
General Revenues and Other
Changes in Net Position
Governmental activities
Taxes:

Property taxes 184,142 $ 198,380 $ 211,331 $ 228,337 $ 244,107 $ Utility user taxes 60,039 62,164 65,461 69,529 64,133 Other taxes 148,998 171,808 193,912 182,459 187,227 Sales taxes shared state revenue 90,970 99,325 115,260 115,343 112,422 In-lieu sales tax - - - - - Investment earnings (loss) 19,646 4,618 (27,883) 11,711 44,372 Miscellaneous 15,743 12,064 15,304 13,377 13,095 Contributions to permanent fund - - - - - Gain (loss) on disposition of capital assets - - - - - Gain on reduction in lease and IT subscription liabilities - - - - 117 Special items - - - - - Transfers 34,947 18,647 25,995 40,152 41,976 Total governmental activities 554,485 567,006 599,380 660,908 707,449 Business-type activities
Taxes:

Other taxes 21,504 15,545 26,843 31,294 34,254 Investment earnings (loss) 16,940 5 (24,014) 4,399 27,610 Miscellaneous - - - - - Gain (l
oss) on disposition of capital assets - 27 - (74) - Gain on lease forgiveness - - - - 23 Special items - - - - - Transfers (34,947) (18,647) (25,995) (40,152) (41,976) Total business-type activities 3,497 (3,070) (23,166) (4,533) 19,911 Total primary government 557,982$ 563,936$ 576,214$ 656,375$ 727,360$ Change in Net Position
Governmental activities 90,132$ 84,481$ 226,987$ 32,554$ 60,093$ Business-type activities 65,548 49,130 40,798 50,039 75,125 Total primary government 155,680$ 133,611$ 267,785$ 82,593$ 135,218$ 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

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221
City of Sacramento
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
2015 2016 2017 2018 2019
General Fund
Nonspendable:

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

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

Economic uncertainty 38,967 46,950 49,644 52,700 55,200 Capital projects 32,987 37,526 49,265 37,583 39,995 Community center theater renovation 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 9,568 Pension - - - 5,000 13,500
OPEB 6,717 6,752 5,324 2,619 6,644 Set-
aside for next year's Budget - - - - -
SC
XEA labor for FY2020 - - - - 4,256
H
omeless programs 750 250 - - -
Gas tax - - 2,087 2,087 2,087
Other
programs 8,860 13,953 19,280 37,325 46,052 Assigned:

Unrealized investment gains 50 732 - - 381
U
nassigned 16,028 26,649 24,739 25,021 32,923 Total general fund 123,444$ 149,996$ 155,554$ 172,369$ 210,606$ All Other Governmental Funds
Nonspendable:

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

Capital projects 124,790 138,562 149,664 159,439 183,772 Debt service 20,218 51,691 58,904 28,539 28,119 Public works programs - 14,522 13,152 18,857 22,071 Am
bulance service 13,842 - - - -
Ec
onomic development programs 17,271 16,887 41,548 44,920 48,878 Other programs 27,029 27,793 28,818 35,025 48,003 Co
mmitted:

Economic uncertainty - - - - -
C
apital projects 3,355 7,017 9,359 18,245 14,407 Grant retention 500 - - - -
D
ebt service 5,660 8,733 19,110 21,543 17,291 Housing trust fund - - - - -
B Str
eet Theater project 16,391 21,360 - - - Ec
onomic development programs - - - - -

OPEB - - - - -
Set-
aside for next year's Budget - - - - -
Other
programs 50,001 51,024 56,715 40,683 48,473 Assigned:

Debt service 717 2,547 2,406 2,008 2,700 U
nrealized investment gains 15 40 - - 51
Other
programs 2,344 60 - 360 18
U
nassigned (26,554) (19,657) (18,037) (22,656) ( 18,503)
Total all other governmental funds 256,850$ 321,740$ 362,710$ 347,939$ 396,158$ Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

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222
City of Sacramento
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
2020 2021 2022 2023 2024
General Fund
Nonspendable:

Prepaid items 1,279$ 1,084$ 1,767$ 756$ 449$ Leases - - 1,032 1,743 1,959 Due from other funds - - - - - Noncurrent assets - - - - - Restricted:

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

Economic uncertainty 55,200 58,499 61,310 72,534 74,613 Capital projects 57,689 57,417 50,410 58,540 53,795 Community center theater renovation - - - - - Housing trust fund - - 1,000 1,000 - B Street Theater project - - - - - Fire programs 5,635 7,438 8,426 14,999 25,088 Pension - - - - - OPEB 4,264 6,828 5,727 6,072 6,095 Set-aside for next year's Budget - 5,500 20,891 26,500 10,443 SCXEA labor for FY2020 - - - - - Homeless programs - - - - - Gas tax - - - - - Other programs 49,405 72,809 133,367 131,163 123,702 Assigned:

Unrealized investment gains 1,960 103 - - - Unassigned 50,007 30,315 44,080 11,172 30,304 Total general fund 225,439$ 239,993$ 328,010$ 324,479$ 326,448$ All Other Governmental Funds
Nonspendable:

Prepaid items 5,715$ 8,783$ 10,267$ 29$ 16$ Leases - - 40 109 152 Noncurrent assets - - - - - Permanent fund principal 878 578 578 578 578 Restricted:

Capital projects 208,205 230,323 241,218 282,956 292,340 Debt service 27,884 22,722 21,629 22,919 23,317 Public works programs 23,618 21,141 21,293 21,885 19,326 Ambulance service - - - - - Economic development programs 46,954 49,537 55,545 72,326 79,416 Other programs 63,026 60,517 65,955 79,938 90,682 Committed:

Economic uncertainty - 449 1,046 1,773 1,773 Capital projects 15,369 23,523 19,180 23,874 23,835 Grant retention - - - - - Debt service 11,401 12,157 11,802 9,987 9,844 Housing trust fund - 15,000 904 600 - B Street Theater project - - - - - Economic development programs - - - - - OPEB - - 290 465 495 Set-aside for next year's Budget - - 1,971 4,000 2,158 Other programs 62,167 55,672 86,392 76,262 76,708 Assigned:

Debt service 2,968 2,270 2,017 2,056 3,065 Unrealized investment gains 675 51 - - - Other programs 170 63 - - - Unassigned (33,465) (32,460) (29,423) (45,591) (49,061) Total all other governmental funds 435,565$ 470,326$ 510,704$ 554,166$ 574,644$ Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year

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223
City of Sacramento
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
Fiscal Year
2015 2016 2017 2018 2019
Revenues
Taxes 334,649$ 365,482$ 382,155$ 406,011$ 434,759$ Intergovernmental 111,017 128,190 73,082 80,415 97,658 Charges for services 86,061 89,765 105,446 121,368 131,609 Fines, forfeits and penalties 11,403 12,720 11,429 12,643 16,397 Interest, rents, and concessions 12,681 15,221 14,220 10,794 24,907 Community service fees 7,869 16,460 29,740 30,654 30,651 Assessment levies 41,884 43,475 44,339 47,048 52,476
Contributions and donations 45,177 35,820 33,637 14,253 49,053 Miscellaneous 501 2,761 383 731 718
Total revenues 651,242 709,894 694,431 723,917 838,228 Expenditures
General government 28,491 34,197 41,413 72,772 85,272
Police 149,448 152,245 159,572 169,273 182,538 Fire 110,585 119,814 127,970 136,161 144,043 Public works 35,502 42,194 45,457 49,841 51,289
General services (1) 10,058 - - - -
Convention and cultural services 10,978 11,738 12,838 14,372 15,117 Economic development (2) 10,797 9,871 13,270 - -
Youth, parks, and community enrichment (3) 38,894 37,801 38,707 38,615 40,866 Community development 26,819 34,110 40,499 45,787 54,342 Community response(4) - - - - -
Library 14,496 14,771 14,903 16,421 17,732
Utilities 522 701 1,583 2,034 2,495
Citywide and community support 37,216 47,961 48,435 46,576 42,827 Capital outlay 128,805 337,817 82,465 90,397 79,175 Debt service
Principal 23,699 16,481 28,677 48,445 56,284
Interest and fiscal charges 33,493 24,822 28,555 24,529 24,818 Bond issuance costs - 5,483 49 1,415 116
Subtotal - debt service 57,192 84,838 57,281 74,389 81,218 Total Expenditures 659,803 928,058 684,393 756,638 796,914 Excess (deficiency) of revenues over
(under) expenditures (8,561) (218,164) 10,038 (32,721) 41,314 Other financing sources (uses)
Transfers in 69,117 306,810 66,386 70,558 69,931 Transfers out (33,267) (270,358) (31,871) (35,801) (33,114) Issuance of long-term debt 3,984 401,943 1,976 8 1,325 Premium on long-term debt - 13,972 - - -
Proceeds from sale of property 12,500 - - - -
Payments to refunded bond escrow - (133,931) - - -
52,334 318,436 36,491 34,765 38,142
- (8,830) - - 7,000
43,773$ 91,442$ 46,529$ 2,044$ 86,456$ Total other financing sources (uses)
Special items
Changes in fund balances
Debt service as a percentage of
noncapital expenditures 10.46% 12.71% 9.27% 10.61% 10.56% 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

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224
City of Sacramento
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
Fiscal Year
2020 2021 2022 2023 2024
Revenues
Taxes 489,569$ 533,811$ 587,137$ 597,288$ 607,804$ Intergovernmental 114,274 237,428 292,186 144,284 206,487 Charges for services 131,135 120,468 133,686 139,033 130,885 Fines, forfeits and penalties 13,309 7,630 10,264 9,450 10,156 Interest, rents, and concessions 20,718 10,101 (17,897) 17,562 43,852 Community service fees 29,072 27,217 25,076 31,251 23,463 Assessment levies 50,080 52,000 56,515 60,583 65,901
Contributions and donations 36,603 52,877 11,636 25,340 7,066 Miscellaneous 974 1,250 12,543 1,317 139
Total revenues 885,734 1,042,782 1,111,146 1,026,108 1,095,753 Expenditures
General government 117,640 222,591 170,394 143,461 130,633 Police 203,980 211,307 223,613 235,276 246,243 Fire 159,771 168,103 180,143 192,220 206,827 Public works 47,350 51,040 53,547 60,666 63,279
General services (1) - - - - -
Convention and cultural services 13,459 12,415 14,554 21,636 23,274 Economic development (2) - - - - -
Youth, parks, and community enrichment (3) 45,791 41,878 49,652 55,084 72,404 Community development 67,128 68,404 64,395 61,028 67,166 Community response(4) - - 10,446 19,680 19,874
Library 18,867 21,218 22,349 23,472 23,809
Utilities 3,555 3,882 4,137 4,862 5,998
Citywide and community support 50,691 51,632 58,583 58,755 68,834 Capital outlay 103,790 130,426 156,249 120,518 171,936 Debt service
Principal 21,308 26,228 33,864 22,154 28,650
Interest and fiscal charges 24,501 21,661 19,784 27,227 17,899 Bond issuance costs 1 - - - -
Subtotal - debt service 45,810 47,889 53,648 49,381 46,549 Total Expenditures 877,832 1,030,785 1,061,710 1,046,039 1,146,826 Excess (deficiency) of revenues over
(under) expenditures 7,902 11,997 49,436 (19,931) (51,073) Other financing sources (uses)
Transfers in 74,660 106,614 86,090 91,695 95,754 Transfers out (37,657) (80,551) (59,045) (49,889) (36,346) Issuance of long-term debt 5,452 11,255 51,914 18,056 14,112 Premium on long-term debt - - - - -
Proceeds from sale of property - - - - -
Payments to refunded bond escrow - - - - -
42,455 37,318 78,959 59,862 73,520
3,883 - - - -
54,240$ 49,315$ 128,395$ 39,931$ 22,447$ Total other financing sources (uses)
Special items
Changes in fund balances
Debt service as a percentage of
noncapital expenditures 5.70% 5.10% 5.49% 4.95% 4.48%
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

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225
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
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 2024 244,494 246,715 64,133 52,462 607,804 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
226
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
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 2024 69,335,897 2,468,674 10,448 71,815,019 436,558 71,378,461 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)
227
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 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
2024 1.0000 __ 0.147 __ 1.1470
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 228
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 352,617$ 1 0.49 % - - BRE Depot Park LLC 271,195 2 0.38
SRI Eleven 621 Capitol Mall LLC 267,318 3 0.37 - - CA Sacramento Commons LLC 221,577 4 0.31 - - Oakmont Properties ALIRA LLC 218,255 5 0.31 - - Hancock SREIT Sacramento LLC 208,922 6 0.29 - - HP Hood LLC 195,125 7 0.27 84,970$ 9 0.22 % Kaiser Foundation Health Plan INC. 185,825 8 0.26 - - Natomas Development Partners LLC 180,056 9 0.25 - - AB PR QOZB III Property LLC 166,927 10 0.23 - - Hines VAF II Sacramento - - 389,398 1 1.00 CIM Sacramento LLC - - 216,695 2 0.55 Arden Fair Associates - - 136,662 3 0.35 Verizon Wireless - - 135,889 4 0.35 621 Capitol Mall LLC - - 125,470 5 0.32 500 Capitol Mall LLC - - 118,033 6 0.30 300 Capitol Association NF LP - - 109,000 7 0.28 KW Captowers LLC - - 95,659 8 0.24 Target Corp - - 81,000 10 0.21 2,267,817 3.16 1,492,776 3.82 All other taxpayers 69,110,644 96.84 37,574,727 96.18 Total 71,378,461$ 100.00 % 39,067,503$ 100.00 % Source: County of Sacramento, Office of Auditor/Controller 20152024
229
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
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% 2024 240,913 (2) (3) 238,774 99.11% 2,139 240,913 100.00% Notes: (1) Property taxes in 2015 and 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
230

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231
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(7)(8) Bonds Payable Subscriptions(7)(8) Government 2015 398,544$ 15,680 $ 10,456 $ 519,869$ 29,844$ 4,075$ 978,468$ 2016 (1)
627,351 15,290 7,294 493,406 26,340 8,654 1,178,335 2017 (2)
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 (3)
513,186 14,014 1,011 831,547 33,185 2,340 1,395,283 2020 (4)
494,320 16,915 325 858,891 56,713 973 1,428,137 2021 (5)
475,282 16,909 199 822,397 124,073(6) - 1,314,787 2022 459,996 16,702 1,643 794,212 143,211(6) 2,012 1,274,565 2023 443,396 16,385 11,425 765,573 136,812(6) 3,332 1,240,111 2024 (9)
426,510 15,954 14,073 732,031 130,875(6) 3,156 1,191,724 Notes:
(1) In 2016, $273 million of lease revenue bonds and a $183 million refunding revenue bonds were issued. (2) In 2017, $53 million of revenue bonds were issued for improvements to the City's municipal water system. (3)
(4)
(5)
(6)
(7)
(8)
(9)
NA
Personal income data for the City was not available.

Source: City of Sacramento Annual Comprehensive Financial Reports 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.

Notes payable includes State Revolving Fund (SRF) Loan of $139 million related to the Accelearted Meter Installation and Pipe Replacement Program Z14010000. Construction began in October 2017 and ended June 2022. The City submitted the final requisition to the CA State Water Resources Control Board for reimbursement of eligible costs in FY23 and received the final reimbursement in FY24.

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

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

In 2024, $21 million of refunding bonds were issued.

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232
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
2015 NA 480,105 2,038 $
2016 (1) NA 485,683 2,426
2017 (2) NA 493,025 2,409
2018 NA 501,344 2,231
2019 (3) NA 508,172 2,746
2020 (4) NA 510,931 2,795
2021 (5) NA 515,673 2,550
2022 NA 518,037 2,460
2023 NA 518,161 2,393
2024 (9) NA 520,407 2,290
Notes:
(1) In 2016, $273 million of lease revenue bonds and a $183 million refunding revenue bonds were issued. (2) In 2017, $53 million of revenue bonds were issued for improvements to the City's municipal water system. (3)
(4)
(5)
(6)
(7)
(8)
In 2023, GASB 96 was implemented related to IT subscriptions. (9)
NA Personal income data for the City was not available.

Source: City of Sacramento Annual Comprehensive Financial Reports 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 2022, GASB Statement No. 87 was implemented and the term Leases replaced the term Capital Leases.

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

In 2024, $21 million of refunding bonds were issued.

Page 2 of 2 ends

233
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
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 - 2024 - - - 71,378,461 0.00% 520,407 - Source: City of Sacramento Annual Comprehensive Financial Reports and the County of Sacramento.

Percentage of
Actual Taxable
Value of
Property
234
City of Sacramento
Direct and Overlapping Governmental Activities Debt (1) As of June 30, 2024
(in thousands)
Estimated
Total Share of
Governmental Unit Debt Overlapping
Outstanding Debt
Overlapping Tax and Assessment Debt:

Los Rios Community College District 399,905$ 26.995 % 107,954$ Elk Grove Unified School District 425,350 11.232 47,775 Natomas Unified School District 370,755 82.279 305,054 Sacramento Unified School District 638,741 85.196 544,182 San Juan Unified School District 726,020 2.804 20,358 Twin Rivers Unified School District:

Twin Rivers Unified School District (former Elementary School District bonds) 82,920 51.994 43,113 Twin Rivers Unified School District (former Grant Joint Union High School District bonds) 282,906 51.393 145,394 Robla School District 88,282 55.341 48,856 City of Sacramento Community Facilities Districts 217,730 100.000 217,730 Elk Grove Unified School District Community Facilities District No. 1 192,126 11.232 21,580 California Statewide Community Development Authority Community Facilities District No. 23-10 2,410 100.000 2,410 California Statewide Community Development Authority Assessment Districts 35,769 100.000 35,769 Sacramento Area Flood Control Agency Consolidated Capital Districts Assessment District 299,665 85.335 255,719 Sacramento Area Flood Control Agency Natomas Local Assessment District 29,440 82.936 24,416 Subtotal - Overlapping Tax and Assessment Debt 1,820,310 Direct and Overlapping General Fund Debt:

Sacramento County General Fund Obligations 104,676 32.411 33,927 Sacramento County Pension Obligation Bonds 433,295 32.411 140,435 Sacramento County Board of Education General Fund Obligations 1,645 32.411 533 Elk Grove Unified School District General Fund Obligations 10,402 11.232 1,168 Sacramento Unified School District General Fund Obligations 48,945 85.196 41,699 Arcade Creek Recreation and Park District General Fund Obligations 119 1.005 1 Fulton-El Camino Recreation and Park District General Fund Obligations 902 18.549 167 Subtotal - Direct and Overlapping General Fund Debt 217,930 Total Overlapping Debt 2,038,240
City of Sacramento Direct Debt (2) 456,537
Total Direct and Overlapping Debt 2,494,777$
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. 235
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 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% 2024 71,378,461 10,706,769 - - - 10,706,769 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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237
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
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 2024 132,957 80,308 52,649 14,966 9,842 2.12 Fiscal Year Gross Revenue
Less: Operating
Expenses (1)
Net Revenue Principal Interest Coverage
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
2024 45,871 35,018 10,853 2,070 1,795 2.81
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 Sta te
Revolving Fund Notes Payable, Water Revenue Bonds, Series 2013 and 2017, and Water Revenue Refunding Bonds, Series 2020 and 2023.
(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

Page 1 of 2 ends

238
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
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
2024 62,606 40,604 22,002 98 62 137.51
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
2024 34,254 - 34,254 5,695 13,274 1.81
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
2024 4,049 - 4,049 960 1,780 1.48
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 six years are shown. (4) Debt service requirements include 2019 STID Assessment Revenue Bonds. Therefore, only five 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)

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239
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)
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 2024 1,578,938 102,795 65,104 35 N/A 253,331 5.3 Sources: (A) California Department of Finance - Population estimates as of January 1st of each year:
http://www.dof.ca.gov/Forecasting/Demographics/Estimates/e-1/ (B) US Bureau of Economic Analysis, report on Local Area Personal Income as of March 31 each year: https://www.bea.gov/ (C) California Department of Education, report on Sacramento County as of June 30 each year: http://dq.cde.ca.gov/dataquest/ (D) California Employment Development Department, Report 400 C - Monthly Labor Force Data for California Counties:
http://www.labormarketinfo.edd.ca.gov/ (as of June each year) 240
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 113,610 1 16.21% 74,329 1 11.44%
UC Davis Health System 16,075 2 2.29% 9,706 3 1.49%
Sacramento County 13,611 3 1.94% 10,598 2 1.63%
Kaiser Permanente 11,856 4 1.69% 6,464 7 0.99%
U.S. Government 10,699 5 1.53% 9,668 4 1.49%
Sutter Health 10,129 6 1.45% 8,817 5 1.36%
Dignity Health 7,353 7 1.05% 6,286 8 0.97%
San Juan Unified School District 5,346 8 0.76% 7,523 6 1.16% City of Sacramento 5,075 9 0.72% N/A N/A N/A
Intel Corporation 4,300 10 0.61% 6,200 9 0.95%
Elk Grove Unified School District N/A N/A N/A 5,758 10 0.89% 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 700,900 per E
mployment Development Department website) in July 2024.

Sources: (A) Sacramento Business Journal, May 31, 2024. List of largest employers in Sacramento County. (B) Em
ployment Development Department, State of California.
20152024
241
PROJECT AREA 2015 2016 2017 2018 2019
Merged Downtown
Secured 2,344,213$ 2,461,341$ 2,682,975$ 3,294,112$ 3,572,623$ Unsecured 138,662 124,172 110,587 131,439 147,725 Utility 770 748 748 748 696
Total 2,483,645$ 2,586,261$ 2,794,310$ 3,426,299$ 3,721,044$ Del Paso Heights
Secured 311,285$ 317,886$ 338,354$ 380,389$ 414,850$ Unsecured 14,464 13,621 15,440 14,149 21,771 Utility 1 1 1 1 1
Total 325,750$ 331,508$ 353,795$ 394,539$ 436,622$ Alkali Flat
Secured 120,103$ 123,251$ 136,555$ 158,376$ 198,843$ Unsecured 3,504 2,963 2,996 2,920 3,485 Utility - - - - -
Total 123,607$ 126,214$ 139,551$ 161,296$ 202,328$ Oak Park
Secured 476,624$ 501,132$ 567,966$ 610,203$ 686,458$ Unsecured 9,483 24,938 27,750 28,003 31,947 Utility - - - - -
Total 486,107$ 526,070$ 595,716$ 638,206$ 718,405$ River District (formerly Richards Blvd)
Secured 403,452$ 393,540$ 404,
183$ 413,627$ 444,699$
Unsecured 35,352 37,314 34,732 36,120 37,676 Utility 4,779 2,591 2,591 2,591 2,464 Total 443,583$ 433,445$ 441,506$ 452,338$ 484,839$ North Sacramento
Secured 509,637$ 523,526$ 555,437$ 556,306$ 605,147$ Unsecured 40,115 36,778 36,563 36,555 43,011 Utility - - - - -
Total 549,752$ 560,304$ 592,000$ 592,861$ 648,158$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

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

Page 1 of 4 ends

242
PROJECT AREA 2020 2021 2022 2023 2024
Merged Downtown
Secured 3,854,509$ 3,927,521$ 3,928,629$ 4,113,421$ 4,414,261$ Unsecured 169,620 169,037 170,979 174,954 206,081 Utility 7 7 7 7 11
Total 4,024,136$ 4,096,565$ 4,099,615$ 4,288,382$ 4,620,353$ Del Paso Heights
Secured 469,286$ 510,477$ 547,780$ 598,130$ 643,156$ Unsecured 23,390 28,109 28,417 28,240 29,144 Utility - - - - -
Total 492,676$ 538,586$ 576,197$ 626,370$ 672,300$ Alkali Flat
Secured 228,034$ 250,906$ 256,211$ 277,676$ 288,763$ Unsecured 3,582 3,794 2,387 2,569 2,871 Utility - - - - -
Total 231,616$ 254,700$ 258,598$ 280,245$ 291,634$ Oak Park
Secured 787,243$ 831,901$ 892,936$ 986,212$ 1,086,819$ Unsecured 23,271 25,615 30,460 30,361 34,957 Utility - - - - -
Total 810,514$ 857,516$ 923,396$ 1,016,573$ 1,121,776$ River District (formerly Richards Blvd)
Secured 474,
858$ 535,733$ 570,395$ 634,675$ 692,078$ Unsecured 35,370 35,657 38,301 37,076 38,637 Utility 2,752 2,705 2,705 2,705 3,147 Total 512,980$ 574,095$ 611,401$ 674,456$ 733,862$ North Sacramento
Secured 681,316$ 743,818$ 824,135$ 866,736$ 946,019$ Unsecured 50,625 57,168 57,816 81,916 111,342 Utility 719 719 719 719 735
Total 732,660$ 801,705$ 882,670$ 949,371$ 1,058,096$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

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

Page 2 of 4 ends

243
PROJECT AREA 2015 2016 2017 2018 2019
Franklin Boulevard
Secured 482,823$ 474,370$ 497,711$ 544,375$ 578,295$ Unsecured 32,000 31,565 35,431 34,068 33,800 Utility - - - - -
Total 514,823$ 505,935$ 533,142$ 578,443$ 612,095$ Stockton Boulevard
Secured 364,463$ 384,262$ 403,482$ 442,555$ 471,634$ Unsecured 17,731 16,742 15,941 15,798 18,937 Utility - - - - -
Total 382,194$ 401,004$ 419,423$ 458,353$ 490,571$ Army Depot
Secured 864,133$ 928,249$ 979,664$ 1,052,144$ 1,130,114$ Unsecured 139,964 110,209 106,652 111,552 115,208 Utility 943 1,072 1,072 1,072 1,072 Total 1,005,040$ 1,039,530$ 1,087,388$ 1,164,768$ 1,246,394$ 65th Street
Secured 231,632$ 243,684$ 276,299$ 350,567$ 425,730$ Unsecured 17,543 14,033 15,339 17,768 22,692 Utility - - - - -
Total 249,175$ 257,717$ 291,638$ 368,335$ 448,422$ Railyards
Secured 75,
245$ 68,288$ 62,600$ 66,406$ 67,471$ Unsecured 5,973 10,940 7,310 7,151 11,438 Utility - - - - -
Total 81,218$ 79,228$ 69,910$ 73,557$ 78,909$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

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

Page 3 of 4 ends

244
PROJECT AREA 2020 2021 2022 2023 2024
Franklin Boulevard
Secured 608,313$ 643,432$ 672,091$ 748,607$ 798,713$ Unsecured 36,098 38,111 40,569 49,929 53,967 Utility - - - - -
Total 644,411$ 681,543$ 712,660$ 798,536$ 852,680$ Stockton Boulevard
Secured 510,666$ 556,549$ 592,937$ 641,363$ 679,010$ Unsecured 19,758 23,067 23,646 25,436 28,368 Utility - - - - -
Total 530,424$ 579,616$ 616,583$ 666,799$ 707,378$ Army Depot
Secured 1,302,802$ 1,391,639$ 1,475,193$ 1,615,593$ 1,796,202$ Unsecured 132,775 138,567 150,127 211,999 229,367 Utility 1,037 1,037 1,037 1,037 1,152 Total 1,436,614$ 1,531,243$ 1,626,357$ 1,828,629$ 2,026,721$ 65th Street
Secured 532,239$ 553,158$ 598,845$ 637,581$ 749,009$ Unsecured 22,321 25,276 37,486 39,503 37,974 Utility 94 94 94 94 122
Total 554,654$ 578,528$ 636,425$ 677,178$ 787,105$ Railyards
Secured 71,
495$ 104,469$ 109,005$ 126,886$ 139,788$ Unsecured 13,940 15,667 12,508 10,710 5,588 Utility - - - - -
Total 85,435$ 120,136$ 121,513$ 137,596$ 145,376$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

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

Page 4 of 4 ends

245
City of Sacramento
Merged Downtown
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value 300 CAPITOL MALL INVESTORS LP 136,170 $ 75,634 $ (60,536) $ 5.91% BRENT CARROLL 102,749 78,951 (23,798) 2.32% GPT PROPERTIES 91,026 45,513 (45,513) 4.44% 15TH/L INVESTORS LLC 81,072 40,536 (40,536) 3.96% 1415 MERIDIAN PLAZA INVESTORS LP 77,550 62,757 (14,793) 1.44% VALLEJO IMPERIAL VENTURE LIMITED PARTNERSHIP 49,321 24,661 (24,660) 2.41% GPT PROPERTIES TRUST 49,132 24,566 (24,566) 2.40% MNCVAD II OFC 770 L STATE CA LLC 48,667 24,334 (24,333) 2.38% 1122 7TH STREET LLC 47,356 23,678 (23,678) 2.31%

400 R STREET LLC 26,676 13,000 (13,676) 1.34% Subtotal 709,719 413,630 (296,089) 28.90% All Other Taxpayers 314,635 191,156 (123,479) 12.05% Total 1,024,354 $ 604,786 $ (419,568) $ 40.96% 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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
246
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 2,740 $ 1,644 $ (1,096) $ 31.69% TESLA ENERGY OPERATIONS INC. 309 150 (159) 5% TESLA ENERGY OPERATIONS INC. 292 146 (146) 4% DIRECTV LLC 73 44 (29) 1% DIRECTV LLC 45 27 (18) 1% Subtotal 3,459 2,011 (1,448) 41.86% All Other Taxpayers - - - - Total 3,459 $ 2,011 $ (1,448) $ 41.86%

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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
247
City of Sacramento
Alkali Flat
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value JOSEPH CONSULO 2013 TRUST 378 $ 189 $ (189) $ 50.00% Subtotal 378 189 (189) 50.00% All Other Taxpayers - - - - Total 378$ 189 $ (189)$ 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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
248
City of Sacramento
Oak Park
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value BIMBO BAKERIES USA 21,584 $ 17,267 $ (4,317) $ 14.68% DAVITA INC 6,582 3,200 (3,382) 11.50% MATTHEW KEARNS/IRON STRIKE INVESTMENTS LLC 410 134 (276) 0.94% MATTHEW KEARNS/IRON STRIKE INVESTMENTS LLC 360 102 (258) 0.88% WALGREENS 123 84 (39) 0.13% WALGREENS #4136 PPT 123 114 (9) 0.03% WALGREENS #4170 PPT 114 95 (19) 0.06% WALGREEN CO 112 87 (25) 0.09% Subtotal 29,408 21,083 (8,325) 28.31% All Other Taxpayers - - - - Total 29,408 $ 21,083 $ (8,325) $ 28.31% 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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
249
City of Sacramento
River District
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value NOME CAPITAL PARTNERS, LLC 18,605 $ 11,827 $ (6,778) $ 16.55% AMERICAN RIVERS INVS INCORPORATED 6,778 3,351 (3,427) 8.37% NOME CAPITAL PARTNERS, LLC 6,579 4,182 (2,397) 5.85% NOME CAPITAL PARTNERS, LLC 3,886 2,470 (1,416) 3.46% ONTARIO ASSOCIATES 3,767 1,884 (1,883) 4.60% 1501 N C STREET SAC LLC 1,348 674 (674) 1.65% Subtotal 40,963 24,388 (16,575) 40.46% All Other Taxpayers - - - - Total 40,963 $ 24,388 $ (16,575) $ 40.46% 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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
250
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)$ 14.00% SEVEN UP BOTTLING COMPANY OF SAN FRANCISCO 36,336 15,168 (21,168) 14.82% SEVEN UP BOTTLING COMPANY OF SAN FRANCISCO 31,576 15,788 (15,788) 11.05% SACRAMENTO HEALTHCARE INVESTORS LP 17,089 8,545 (8,544) 5.98% SENT EXPO POINT LLC 7,940 5,161 (2,779) 1.95% 2022 RESTATED TCHERKOYAN FAMILY TRUST 6,500 3,900 (2,600) 1.82% DAVIS FLEX LLC 2,040 1,608 (432) 0.30% ALDON BOLANOS 280 150 (130) 0.09% STARBUCKS COFFEE COMPANY #9638 241 45 (196) 0.14% TESLA ENERGY OPERATIONS INC 221 110 (111) 0.08% Subtotal 142,206 70,466 (71,740) 50.22% All Other Taxpayers 642 411 (231) 0.16% Total 142,848 $ 70,877$ (71,971)$ 50.38% 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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
251
City of Sacramento
Franklin Boulevard
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value CVS CAREMARK CORP/CHERYL 8,401 $ 4,201 $ (4,200) $ 13.20% MACY'S WEST STORES 5,748 1,947 (3,801) 11.94% MACY'S WAREHOUSE 5,080 2,700 (2,380) 7.48% MACY'S WAREHOUSE 5,002 2,600 (2,402) 7.55% MACY'S INC 3,544 2,199 (1,345) 4.23% HP 49TH AVENUE LLC 2,117 1,058 (1,059) 3.33% HP 52ND AVENUE LLC 1,163 581 (582) 1.83% HP 52ND AVENUE LLC 775 388 (387) 1.22% Subtotal 31,830 15,674 (16,156) 50.76% All Other Taxpayers - - - - Total 31,830 $ 15,674 $ (16,156) $ 50.76% 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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
252
City of Sacramento
Stockton Boulevard
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value SUSTAINED INVS LLC 4,371 $ 2,186 $ (2,185) $ 14.39% SUSTAINED INVS LLC 4,255 2,128 (2,127) 14.00% SUSTAINED INVS LLC 2,499 1,249 (1,250) 8.23% SUSTAINED INVS LLC 1,869 935 (934) 6.15% SUSTAINED INVS LLC 791 395 (396) 2.61% ROSS DRESS FOR LESS #1837 723 362 (361) 2.38% MATTHEW KEARNS/IRON STRIKE INVESTMENTS LLC 350 99 (251) 1.65% STARBUCKS COFFEE COMPANY #50884 330 54 (276) 1.82% Subtotal 15,188 7,408 (7,780) 51.22% All Other Taxpayers - - - - Total 15,188 $ 7,408 $ (7,780) $ 51.22% 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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
253
City of Sacramento
Army Depot
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value SBM REALTY LLC 25,202 $ 5,868 $ (19,334) $ 17.41% SBM REALTY LLC 25,153 5,845 (19,308) 17.39% SBM REALTY LLC 23,012 5,269 (17,743) 15.98% SBM REALTY LLC 22,992 5,249 (17,743) 15.98% HASSAN / SONS INC 4,960 2,800 (2,160) 1.95% JELD-WEN, INC 4,651 2,325 (2,326) 2.09% ELDER CREEK 18 LLC 3,306 2,418 (888) 0.80% HEDG 825 LLC 1,693 1,483 (210) 0.19% MORRISON PAINT 76 20 (56) 0.05% Subtotal 111,045 31,277 (79,768) 71.83% All Other Taxpayers - - - - Total 111,045 $ 31,277 $ (79,768) $ 71.83% 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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
254
City of Sacramento
65th Street
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value THE MARTIN GROUP 106,884 $ 93,000 $ (13,884) $ 2.12% THE MARTIN GROUP 106,729 93,000 (13,729) 2.10% GEM CROSSINGS LLC 97,756 82,500 (15,256) 2.33% GEM CROSSINGS LLC 96,100 48,050 (48,050) 7.35% ELEMENT DST NB 51,822 14,545 (37,277) 5.70% ACADEMY ON 65TH STATE OWNER LLC 35,992 17,996 (17,996) 2.75% TARGET 31,713 825 (30,888) 4.72% ELEMENT DST NB 29,091 14,545 (14,546) 2.22% TARGET 28,859 948 (27,911) 4.27% TARGET 28,836 855 (27,981) 4.28% Subtotal 613,782 366,264 (247,518) 37.85% All Other Taxpayers 40,081 37,984 (2,097) 0.32% Total 653,863 $ 404,248 $ (249,615) $ 38.18% 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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
255
City of Sacramento
Railyards
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value CFT NV DEVELOPMENTS LLC 14,167$ 7,083$ (7,084)$ 19.71% SIMS METAL MGMT 7,213 3,118 (4,095) 11.40% SIMS METAL MGMT 5,164 2,582 (2,582) 7.19% SIMS METAL MGMT 4,903 2,452 (2,451) 6.82% SIMS METAL MGMT 4,488 2,244 (2,244) 6.24% Subtotal 35,935 17,479 (18,456) 51.36% All Other Taxpayers - - - - Total 35,935 $ 17,479$ (18,456)$ 51.36% 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, 2024.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2024
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 City of Sacramento (Sacramento Downtown Arena LLC) 389,298$ 1 8.43% -$ - CA Sacramento Commons LLC 226,003 2 4.89% - -

500 Capitol Mall LLC 158,092 3 3.42% 123,978 3 4.99% Hancock SREIT Sacramento LLC 155,000 4 3.35% - - Prime US-Park Tower LLC 145,042 5 3.14% - - 300 Capitol Mall Investors LP 138,893 6 3.01% - - 555 Cap Partners LP 125,062 7 2.71% - - GSA Sacramento CA LLC 120,659 8 2.61% 69,647 9 2.80% Sacramento CA I FGF LLC 113,250 9 2.45% - - SRI Eleven 621 Capitol Mall LLC 107,000 10 2.32% - - Hines Sacramento Wells Fargo Center - - 172,000 1 6.93% 621 Capitol Mall LLC - - 127,878 2 5.15% 300 Capitol Associates NF LP - - 102,000 4 4.11% CIM/980 9th St Sacramento LP - - 100,959 5 4.06%

CIM/J Street Hotel Sacramento LP - - 94,246 6 3.79% Capitol Regency LLC - - 75,226 7 3.03% SG Downtown LLC - - 74,824 8 3.01% KW Captowers LLC - - 66,308 10 2.67% Subtotal 1,678,299 36.32% 1,007,066 40.55% All Other Taxpayers 2,942,054 63.68% 1,476,579 59.45% Total 4,620,353 $ 100.00% 2,483,645$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2023-24 Project Area total taxable value.

Source: Sacramento County Assessor
2024 2015
City of Sacramento
Principal Property Taxpayers - Merged Downtown
Current Fiscal Year and Nine Years Ago
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 Research Properties 6,336 1 0.94% 5,378 1 1.65% BM Ventures LLC 6,260 2 0.93% 4,700 2 1.44% 565 Display Way LLC 3,472 3 0.52% - - John A/Leta K Nichols 1994 Rev Trust 3,337 4 0.50% 2,832 4 0.87%

US Rentals Inc. 2,976 5 0.44% 2,526 6 0.78% Alpine Venture Assets LLC/ETAL 2,933 6 0.44% - - Albert/Jacklin Yamin Trust 2,804 7 0.42% - - BM Ventures II LLC 2,801 8 0.42% - - 4555 Carmichael LLC 2,794 9 0.42% - - Ramon Canyon Associates LP 2,700 10 0.40% 2,924 3 0.90% Garin Elisa R/ETAL - - 2,618 5 0.80% Proffutt Limited Partnership - - 2,194 7 0.67% 23002 Moulton Parkway LLC - - 1,842 8 0.57% Terkensha/Associates - - 1,756 9 0.54% Lundbom Sacramento Realty INVS LP - - 1,538 10 0.47% Subtotal 36,413 5.42% 28,308 8.69% All Other Taxpayers 635,887 94.58% 297,442 91.31% Total 672,300$ 100.00% 325,750$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2023-24 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
2024 2015
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 Efren R Cota LTD 24,691$ 1 8.47% -$ -

Hearst-Argyle Stations Inc. 17,931 2 6.15% 16,356 1 13.23% Robert Efren Cota Living Trust/Etal 14,514 3 4.98% - - 1000 G Street LLC 12,857 4 4.41% - - 520-530 9th Street LLC 5,020 5 1.72% - - 1220 E State LLC 3,250 6 1.11% - - Savant Solutions Holdings LLC 3,160 7 1.08% - - Felora Corporation 2,958 8 1.01% - - California Quarters LLC 2,788 9 0.96% - - Ng-Yu Trust 2,453 10 0.84% - - Blackpine City Flats LLC - - 9,629 2 7.79% City PK LLC - - 8,899 3 7.20% Realty Advisors Inc. - - 5,490 4 4.44% John Dailey Trust/Charles D. Deloney - - 1,998 5 1.62% GMA Investors LP - - 1,738 6 1.41% 700 E Street Building Partner - - 1,664 7 1.35% Tarpin Samuel D - - 1,497 8 1.21% 520 Ninth Street - - 1,450 9 1.17% Adrian L./Michelle J. Randolph Family Trust - - 1,368 10 1.11% Subtotal 89,622 30.73% 50,089 40.52% All Other Taxpayers 202,012 69.27% 73,518 59.48% Total 291,634$ 100.00% 123,607$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2023-24 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Alkali Flat
Current Fiscal Year and Nine Years Ago
2024 2015
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 Regents University CA (CY 4422Y LLC) 25,032$ 1 2.23% 10,772$ 2 2.22% Rainbow Baking Co of Sac Valley (BBU INC) 14,161 2 1.26% 12,019 1 2.47% Glenn L Evans Trust 10,199 3 0.91% - - University of the Pacific 7,989 4 0.71% - - Great Chi Investment LLC 5,600 5 0.50% - - Crestwood Medical Center Hospital 5,201 6 0.46% 4,425 4 0.91% Security Public Storage 4,616 7 0.41% 3,787 5 0.78% JJAJ Ventures LP/Ventures JJAJ 4,056 8 0.36% - - Edmar Invs LLC 3,841 9 0.34% 3,260 6 0.67% Broadway Triangle LLC 3,728 10 0.33% 2,626 7 0.54% US Bank National Association - - 5,430 3 1.12% Mundy Family Trust/Skaggs Family Trust - - 2,275 8 0.47% St. Hope Academy - - 1,872 9 0.39%

John C Skinner 2001 Living Trust - - 1,856 10 0.38% Subtotal 84,423 7.53% 48,322 9.94% All Other Taxpayers 1,037,353 92.47% 437,785 90.06% Total 1,121,776$ 100.00% 486,107$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2023-24 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Oak Park
Current Fiscal Year and Nine Years Ago
2024 2015
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 California Almond Growers 117,066$ 1 15.95% 70,603$ 1 15.92%

29SC T9 Phase A Property Owner LLC 81,269 2 11.07% - - Grove River District LLC 41,076 3 5.60% 34,861 2 7.86% Bercut-Railyard LLC 38,405 4 5.23% - - Nome OES LLC 29,651 5 4.04% - - AK Industrial II LLC 18,207 6 2.48% - - Raama Investments LLC 14,974 7 2.04% - - Summit 901 B LLC 12,801 8 1.74% - - Downtown Ford Re LLC 11,220 9 1.53% - - 29SC BC Holding Company LLC 11,037 10 1.50% - - T9 Affordable Housing Partners - - 14,816 3 3.34% Sacramento Loaves/Fishes - - 10,976 4 2.47% Capitol Station 65 LLC - - 10,359 5 2.34% Mendell Allan/Etal - - 9,462 6 2.13% Dos Rios Venture - - 6,338 7 1.43% BA Hotel LLC - - 5,820 8 1.31% New Sac Arena Props LLC - - 5,650 9 1.27% Detmer Family Limited Partnership - - 5,546 10 1.25% Subtotal 375,706 51.20% 174,431 39.32% All Other Taxpayers 358,156 48.80% 269,152 60.68% Total 733,862$ 100.00% 443,583$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2023-24 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - River District
Current Fiscal Year and Nine Years Ago
2024 2015
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 Roseville Life Properties 41,598$ 1 3.93% -$ - Woodlake Care Group LLC 30,303 2 2.86% - - Veyron/KDP US Leasing LLC 27,883 3 2.64% - - Price Company 25,902 4 2.45% 21,729 3 3.95% HS Sacramento Storage LLC 24,710 5 2.34% - - BLR Apartments LLC 18,570 6 1.76%
Omninet Sacramento Jardinette LLC/ETAL 18,491 7 1.75% - - Sacramento CA I MG LLC 18,103 8 1.71% - - Sacramento Healthcare Investors LP 17,431 9 1.65% - - PEG Sacramento Hotel LLC 16,050 10 1.52% - - Westcore Delta LLC - - 35,535 1 6.46% Seven Up Bottling Company - - 31,216 2 5.68% North Sacramento Land Company - - 12,318 4 2.24% McCuen Acoma Street Investors - - 12,099 5 2.20% Meriliz Incorporated - - 8,790 6 1.60% Recreational Equipment Inc. - - 7,758 7 1.41% Sent Expo Pointe LLC - - 7,485 8 1.36% Sutter Medical Foundation - - 6,120 9 1.11% 2006 Tcherkoyan Family Trust - - 5,845 10 1.06% Subtotal 239,041 22.59% 148,895 27.08% All Other Taxpayers 819,055 77.41% 400,857 72.92% Total 1,058,096 $ 100.00% 549,752$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2023-24 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - North Sacramento
Current Fiscal Year and Nine Years Ago
2024 2015
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 Mulberry Estates LLC 19,102$ 1 2.24% -$ - 3100 52nd Avenue LLC 17,000 2 1.99% - - 6200 Franklin LLC 15,342 3 1.80% 15,172 1 2.95%
ESS CA-TIVS JV CA Reit Sub Limited Partnership 13,095 4 1.54% - - Hillside Apartments LLC 8,766 5 1.03% - - Rising South Point Owners LLC 8,707 6 1.02% - - Sacramento Children's Home (Garfield Beach CVS LLC) 8,569 7 1.00% 3,983 8 0.77% Campus Plaza Associates 8,195 8 0.96% - - Greystone Place Invs LLC 7,950 9 0.93% - - Rosedown Associates LLC 7,142 10 0.84% 6,115 3 1.19% United States Cold Storage - - 9,979 2 1.94% Western Village LP - - 4,626 4 0.90% Extra Space Props Ninety Four Limited Partnership - - 4,385 5 0.85% SEI/PSP Vi Joint Ventures - - 4,309 6 0.84% Bowling Green Associates - - 4,156 7 0.81% Con-Way Western Express Inc. - - 3,822 9 0.74% 47th Street Associates LLC - - 3,732 10 0.72% Subtotal 113,868 13.35% 60,279 11.71% All Other Taxpayers 738,812 86.65% 454,544 88.29% Total 852,680$ 100.00% 514,823$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2023-24 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Franklin Boulevard
Current Fiscal Year and Nine Years Ago
2024 2015
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 Stockton Plaza Partners LLC 24,432$ 1 3.45% 12,704$ 1 3.32% Karma Apartments LLC 16,941 2 2.39% - - EKG Investors LLC 15,400 3 2.18% 9,336 2 2.44% Sustained Invs LLC 14,306 4 2.02% - - Wellspace Health 13,515 5 1.91% - - ESS Ca-Tivs Jv Ca Reit Sub LP 11,143 6 1.58% - - JMK Family Properties II LP 9,106 7 1.29% - - Monument Properties Sacramento LLC 8,602 8 1.22% - - NT Stockton Investors LLC 7,550 9 1.07% 6,710 5 1.76% Sustained Invs LLC (Garfield Beach CVS LLC) 7,234 10 1.02% - - Brittany Arms LLC - - 5,230 6 1.37% John M/Nancy Kehriotis Living Trust - - 7,728 3 2.02% Luong Do Revocable Trust - - 7,675 4 2.01% SF Florin LP - - 4,819 7 1.26% Ralphs Grocery Company - - 4,780 8 1.25% Mulleian Investments LLC - - 4,739 9 1.24% ESS Prisa II LLC - - 4,727 10 1.24% Subtotal 128,229 18.13% 68,448 17.91% All Other Taxpayers 579,149 81.87% 313,746 82.09% Total 707,378$ 100.00% 382,194$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2023-24 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Stockton Boulevard
Current Fiscal Year and Nine Years Ago
2024 2015
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 SBM Realty LLC 50,162$ 1 2.48% -$ - Elder Crk Transfer/Recovery Inc 18,960 2 0.94% 9,562 4 0.95%

Watt Elder Creek Holdings LLC 13,780 3 0.68% - - Pitalo John E 5,423 4 0.27% - - BREF2 Elder Creek Road IOS LLC 5,150 5 0.25% - - Power Inn Business Park LLC 5,088 6 0.25% 4,950 9 0.49%

Hassan/Sons Inc 5,059 7 0.25% - - Fedex Ground Package System Inc 4,424 8 0.22% - - PW Fund B LP 3,619 9 0.18% - - Elder Creek 18 LLC 3,373 10 0.17% - - R/G Hayward LLC - - 16,585 1 1.65% Engineered Polymer Solutions Inc. - - 14,080 2 1.40% Central Valley Industrial Core Holdings - - 11,331 3 1.13% Air Products Manufacturing Corporation - - 7,864 5 0.78% A/W Investments LLC - - 7,460 6 0.74% Massie & Company - - 6,870 7 0.68% C/S Logistics Sacramento/Tracy LLC - - 6,206 8 0.62% Teichert Land Co - - 4,819 10 0.48% Subtotal 115,038 5.68% 89,727 8.93% All Other Taxpayers 1,911,683 94.32% 915,313 91.07% Total 2,026,721 $ 100.00% 1,005,040$ 100.00% Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2023-24 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Army Depot
Current Fiscal Year and Nine Years Ago
2024 2015
265
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 109,022$ 1 13.85% -$ - Gem Crossings LLC 99,546 2 12.65% - - NB Element DST 91,692 3 11.65% - -

SSC Sacramento Apartments LLC 80,786 4 10.26% - - Academy on 65th State Owner LLC 36,712 5 4.66% - - EPD & BBD Associates LP 34,384 6 4.37% - - Target Corporation 32,282 7 4.10% 26,726 3 10.73% Jackson XXXV LLC 22,780 8 2.89% - - Jackson IV LLC 18,679 9 2.37% - - Jackson V LLC 18,044 10 2.29% - - 65th St Village LLC - - 9,570 4 3.84% CPCA 7716 Folsom Blvd LLC - - 7,769 6 3.12% HRA Element LLC - - 36,937 1 14.82% Sally R Davis Trust ETAL - - 28,127 2 11.29% Atlas Disposal Industries LLC - - 8,101 5 3.25% Dimension Properties LLC - - 5,958 7 2.39% Kenneth/Susan Catchot Family 2005 Revocable Trust - - 5,224 8 2.10% American River Self Storage LP - - 5,023 9 2.02% 2800 Pico Associates LLC - - 4,329 10 1.74% Subtotal 543,927 69.10% 137,764 55.29% All Other Taxpayers 243,178 30.90% 111,411 44.71% Total 787,105$ 100.00% 249,175$ 100.00%

Notes: (1) Based on ownership of locally-assessed secured and unsecured real property net of exemptions. (2) Based on total adjusted 2023-24 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - 65th Street
Current Fiscal Year and Nine Years Ago
2024 2015
266
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 36,500$ 1 25.11% -$ -

Downtown Railyard Venture LLC 21,390 2 14.71% - - CFT NV Developments LLC 14,450 3 9.94% - - Sims Group USA Corporation 7,466 4 5.14% - - Sutter HOJ LP 5,518 5 3.80% 3,621 6 4.46% 1238 Sutter Street LLC 5,400 6 3.71% - - Sacramento Co Emp Credit Union 5,062 7 3.48% 4,349 4 5.35% PDRA/Company LLC 4,466 8 3.07% 3,790 5 4.67% 930 G Street LLC 3,876 9 2.67% - - Strumwasser Michael J/Silvia M 3,745 10 2.58% 3,133 8 3.86% IA Sacramento Development LLC - - 27,550 1 33.92% 906 Newco LLC - - 12,240 2 15.07% REA Limited Partnership - - 4,376 3 5.39% PLF BLDG LLC - - 3,570 7 4.40% Bowman/Bay Building Joint Venture - - 2,267 9 2.79%

Legacy Ventures LLC - - 1,334 10 1.64% Subtotal 107,873 74.20% 66,230 81.55% All Other Taxpayers 37,503 25.80% 14,988 18.45% Total 145,376$ 100.00% 81,218$ 100.00%

(2) Based on total adjusted 2023-24 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
2024 2015
267
Successor Agency Trust Fund
(in thousands)
RDA - All Project Areas
Senior Total
Total Property Tax Net Senio r 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 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 (1) 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 (2) 2019 73,805 867 13,766 59,172 10,423 5.68 15,194 25,617 2.31 (3) 2020 84,030 955 16,751 66,324 683 97.11 15,173 15,856 4.18 (4) 2021 87,253 991 17,657 68,605 18,133 3.78 29,731 47,864 1.43 (5) 2022 92,562 1,023 19,122 72,417 18,133 3.99 6,172 24,305 2.98 (6) 2023 102,291 959 21,721 79,611 17,233 4.62 6,323 23,556 3.38 (7) 2024 113,414 1,158 25,599 86,657 16,983 5.10 6,508 23,491 3.69 (8) Merged Downtown
Senior Total
Total Property Tax Net Senio r 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 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 (1) 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 (2) 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 2024 46,383 492 8,630 37,261 15,815 2.36 - 15,815 2.36 Del Paso Heights
Senior Total
Total Property Tax Net Senio r Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Yea
r Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 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 (1) 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 2024 6,870 70 1,569 5,231 770 6.79 - 770 6.79 Notes:

NA
(1) Various subordinate debts and a majority of the senior debts were refunded in 2015. (2) 1993 Merged Downtown TABS were paid off in 2018.
(3)
(4)
(5)
(6)
(7)
(8)
Source: County of Sacramento, Office of Auditor/Controller Total Debt Service includes $4,379 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 $4,196 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.

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268
Successor Agency Trust Fund
(in thousands)
Alkali Flat
Senior Total
Total Property Ta x Net Senio r 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 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 (1) 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 2024 2,884 30 719 2,135 - - 472 472 4.52 Oak Park
Senior Total
Total Property Ta x Net Senio r 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 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(1) 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 2024 11,387 115 2,995 8,277 - - - - 0.00 River District
Senior Total
Total Property Ta x Net Senio r 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 2015 1,542$ 23$ 280$ 1,239$ - $ - 642$ 642$ 1.93 2016 1,544 22 288 1,234 - - 229 229 5.39 (1) 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 2024 5,239 48 1,335 3,856 - - 224 224 17.21 Notes:

NA
(1) 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.

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269
Successor Agency Trust Fund
(in thousands)
North Sacramento
Senior Total
Total Property Ta x Net Senio r 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 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 (2) 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 2024 8,203 82 820 7,301 218 33.49 348 566 12.90 Franklin Boulevard
Senior Total
Total Property Ta x Net Senio r Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Yea
r Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2015 952 $ 24 $ 117$ 811$ - $ - 99$ 99$ 8.19 (1) 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 2024 5,418 54 554 4,810 - - - - 0.00 Stockton Boulevard
Senior Total
Total Property Ta x Net Senio r Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Yea
r Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 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 (2) 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 2024 5,064 53 1,678 3,333 180 18.52 231 411 8.11 Notes:

NA
(1) Revised to correct total tax increment received.
(2) Various subordinate debts and a majority of the senior debts were refunded in 2015.

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270
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 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 2024 14,870 146 4,852 9,872 - - 240 240 41.13 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 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 2024 7,096 68 2,447 4,581 - - 379 379 12.09 Notes:

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

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272
City of Sacramento
Full-time Equivalent Employees by Function/Program
Last Ten Fiscal Years
Function/Program 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Citywide and community support 21 5 5 5 5 5 7 7 7 6 Community development 166 219 227 250 273 288 290 288 315 319 Community response - - - - - - - 23 (3) 38 37 Convention and cultural services 126 120 116 115 115 115 117 124 123 119 Economic development 11 11 12 - (2) - - - - - - Fire 657 674 678 672 681 712 713 718 729 761 General government 325 370 431 512 531 571 576 583 595 602 General services 372 - (1) - - - - - - - - Youth, parks, and community enrichment 568 599 683 616 619 702 705 724 717 749 Police 973 1,033 1,052 1,030 1,034 1,070 1,098 1,103 1,129 1,131 Public works 415 732 725 723 735 736 744 749 766 769 Utilities 522 538 528 546 562 575 570 572 573 582 Total 4,156 4,301 4,457 4,469 4,555 4,774 4,820 4,891 4,992 5,075 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
273
City of Sacramento
Operating Indicators by Function/Program
Last Ten Fiscal Years
Function/program 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Police
Adult arrests 18,113 16,778 14,476 13,350 13,975 12,981 12,070 12,842 10,873 10,411 Citizen initiated calls for service with officer responses 141,181 149,275 148,663 152,597 161,914 163,985 153,740 155,159 149,182 145,370 Fire (1)
Number of incidents 80,596 85,742 90,018 92,026 93,836 94,282 99,201 108,924 110,221 108,665 Number of structure fires 784 756 735 767 998 1,077 1,522 1,199 1,106 479 Number of construction inspection/reviews 3,234 4,181 8,268 (4) 10,102 9,830 9,967 8,256 9,517 8,854 10,487 General services
Number of animal licenses issued 8,995 12,016 (2) 14,428 23,799 31,507 26,670 (17) 17,155 (17) 15,976 19,126 18,016 Number of animal outplacements 7,447 8,789 9,248 9,589 8,529 7,488 (17) 4,448 (17) 6,256 7,076 7,318 Public works
Number of traffic investigations completed 678 896 1,001 1,041 613 611 997 (19) 1,075 920 898 Number of parking citations issued 196,586 192,708 183,326 197,170 200,338 156,387 (14) 100,244 (14) 113,214 119,807 140,147 Convention and cultural services
Number of Community Convention Center events(24) 358 408 430 372 229 38 (13) - (13) 174 (21) 406 (23) 380 Community Convention Center event attendance 775,253 744,145 905,733 (5) 1,034,980 902,110 155,633 (13) - (13) 446,168 (21) 531,284 (23) 877,152 Number of Zoo attendance 549,407 533,368 500,573 500,535 472,440 357,754 (15) 486,707 (15) 568,311 488,627 484,733 Youth, parks, and community enrichment
Number of students enrolled in START 6,897 4,534 (3) 2,785 (6) 711 (8) 477 473 648 (18) 1,770 (20) 456 (22) 500 Number of students enrolled in 4th R 2,007 1,863 1,180 2,419 (9) 2,250 1,778 (12) 160 (12) 1,484 (20) 1,876 2,686 (25) Community development
Number of building permits issued 14,002 17,041 18,701 20,582 19,365 18,513 18,556 19,512 19,451 20,201 Building permit valuation (in million of dollars) 544 778 1,267 1,243 1,809 1,463 1,451 1,351 1,185 1,110 Vehicles abated by City 356 772 1,644 2,306 2,880 5,325 (10) 3,026 3,163 1,955 3,171 Notice and orders issued on housing and dangerous
buildings 279 239 206 382 369 243 (11) 177 (11) 209 272 241 Water
Number of accounts 134,971 136,130 139,238 140,735 142,831 144,669 145,769 147,150 148,237 149,069 Amount distributed/pumped (million of gallons)(16) 29,557 27,324 28,511 30,800 28,478 33,845 30,380 30,130 25,884 30,724 Wastewater
Number of accounts 76,471 76,849 77,137 77,521 78,125 78,583 78,932 79,114 79,287 79,424 Amount distributed/pumped (million of gallons) 10,605 10,605 10,605 9,025 6,356 6,619 5,754 6,042 6,360 5,854 Storm drainage
Number of accounts 136,850 137,754 139,198 140,934 142,858 144,168 145,179 146,385 149,005 151,894 Amount distributed/pumped (million of gallons)(7) 24,179 20,225 46,964 18,321 33,624 11,247 7,858 18,921 23,987 19,821 Solid waste
Residential garbage disposed (in tons) 111,140 112,497 118,355 118,437 136,049 129,359 141,185 136,904 127,791 124,650 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
(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.
(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. (25) In the prior year, the number was estimated based on a specific month's attendance. In FY24, a system report was used that more accurately captures registrations. (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. (21) In FY22, after renovation, the Convention Center reopened, thus, there was activity. (24) Number of events includes individual performances. (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. 274
Function/program 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Police
Number of stations (1) 4 4 4 4 4 4 4 4 4 4 Police
Number of patrol units (2) 226 231 234 229 190 195 224 236 265 278 Number of aircraft 4 4 4 5 5 5 5 4 4 5 Number of watercraft 2 (9) 2 5 4 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 159 162 162 162 162 162 166 153 153 140 Number of watercraft 1 (9) 1 1 6 6 6 6 6 6 5 Public works
Miles of streets 3,059 3,059 3,075 3,062 3,118 3,118 3,118 3,118 3,154 3,118 Number of street lights 42,225 42,627 42,914 43,223 43,438 38,985 (14) 39,372 39,604 39,788 40,084 Number of City public parking spaces (3) 4,775 (10) 4,775 4,775 4,775 4,775 5,489 (3) 5,620 5,283 5,635 5,635 Number of City leased parking spaces (11) 519 2,298 2,298 2,298 2,298 2,349 2,298 2,298 2,298 2,298 Miles of off-street bikeways 57 57 57 88 88 88 78 78 78 85 Youth, parks, and community enrichment
Number of parks 222 225 227 227 213 220 230 230 235 235 Park acreage (5) 3,161 3,183 3,177 3,177 3,340 4,265 (13) 4,829 4,829 4,331 4,358 Number of community centers (6) 13 13 13 14 14 14 13 13 13 14 26 27 27 27 27 27 28 28 28 28 Water
Miles of water mains and distribution lines (7) (8) 1,727 1,599 1,604 1,607 1,603 1,607 1,616 1,635 1,639 1,644 Sewers and storm drainage
1,873 1,869 1,876 1,960 1,961 1,967 1,968 1,967 1,981 1,985 Off-street parking
7 (10) 7 7 7 7 10 13 12 14 14 3 7 7 7 7 8 7 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 City-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 Mains 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) 275
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
2024 2015
Number of budgeted positions 5,075
4,156
Area in square miles 100 99
Elevation in feet 33 20
City of Sacramento facilities and services:

Police
Number of stations 4 4
Number of police personnel sworn / civilian (actual) 688/289 650/282 Number of patrol units 278 226
Fire
Number of stations 24 24
Number of fire personnel sworn / unsworn 671/90 592/65
Number of fire protection, support and prevention vehicles 140 159 Utilities
Miles of water mains and distribution lines (1) 1,644 1,727 Annual water production in gallons 31 billion 30 billion Miles of sanitary sewers and storm drainage 1,985 1,873 Public works
Miles of streets 3,118 3,059
Number of street lights 40,084 42,225
Number of City managed parking lots / spaces 23/4,714 15/4,046 Miles of off-street bikeways 85 57
Boat harbor slips 475 475
Convention and cultural services
Golf courses 6 6
Zoo animals (2) 368 549
Fairytale town attendance for year 199,551 250,656
Crocker Art Museum attendance for year 181,475 257,633
Community Convention Center attendance for year 877,152 775,253 Youth, parks, and community enrichment
Parks 235 222
Park acreage (3) 4,358 3,161
Camp Sacramento attendance for year 2,608 2,770
Community centers 14 13
Neighborhood centers 4 5
Swimming pools 28 12
Baseball fields (4) 98 103
Soccer fields 137 137
Ball courts 266 183
Library
Library branches (5) 28 12
Library books and audiovisual recordings in circulation 1,857,852 2,244,774 Notes:
(2) Zoo animals number is comprised of animals on-site (either owned by zoo or owned by other entity).

Source: Various City of Sacramento departments and publications (5) FY2024 figures include all city and county branches operated by the Sacramento Public Library System. FY2015 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
276

CITY OF SACRAMENTO, CALIFORNIA
Report to the Honorable Mayor and
Members of the City Council of the
City of Sacramento, California
Fiscal Year Ended June 30, 2024

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

1 December 20, 2024

To the Honorable Mayor and Members of the
City Council of the City of Sacramento, California

We are pleased to present this report related to our audit of the basic financial statements of the City of Sacramento, California (the City) as of and for the fiscal year ended June 30, 2024. This report summarizes certain matters required by professional standards to be communicated to you in your oversight responsibility for the City’s financial reporting process.

This report is intended solely for the information and use of the Honorable Mayor and Members of the City Council of the City of Sacramento, California, and management, and is not intended to be, and should not be, used by anyone other than these specified parties. It will be our pleasure to respond to any questions you have about this report. We appreciate the opportunity to continue to be of service to the City.

TABLE OF CONTENTS
Required Communications 2
Significant Accounting Estimates 5
Exhibits
Exhibit A— Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 7 Exhibit B— Recent Accounting Pronouncements 9
2 REQUIRED COMMUNICATIONS
Auditing standards generally accepted in the United States of America (AU-C 260, The Auditor’s Communication With Those Charged With Governance) require the auditor to promote effective two-way communication between the auditor and those charged with governance. Consistent with this requirement, the following summarizes our responsibilities regarding the basic financial statement audit as well as observations arising from our audit that are significant and relevant to your responsibility to oversee the financial and related compliance reporting process.

Our Responsibilities With Regard to the Financial Statement Audit Our responsibilities under auditing standards generally accepted in the United States of America and Government Auditing Standards issued by the Comptroller General of the United States have been described to you in our engagement letter dated August 26, 2024. Our audit of the basic financial statements does not relieve management or those charged with governance of their responsibilities, which are also described in that letter.

Overview of the Planned Scope and Timing of the Financial Statement Audit We have issued in our engagement letter dated August 26, 2024, regarding the planned scope and timing of our audit.

Accounting Policies and Practices
Preferability of Accounting Policies and Practices
Unde
r accounting principles generally accepted in the United States of America, in certain circumstances, management may select among altern ative accounting practices. In our view, in such circumstances, management has selected the preferable accounting practice.

Adoption of, or Change in, Accounting Policies
Ma
nagement has the ultimate responsibility for the appropriateness of the accounting policies used by the City. The following is a description of significant accounting policies or their application that were either initially selected or changed during the year:
• GASB Statement No. 99, Omnibus 2022 – In April 2022, GASB issued Statement No. 99, Omnibus 2022. The objectiv es of this statement are to enhance comparability in accounting and financial reporting and to improve the consistency of authoritative literature by addressing (1) practice issues that have been identified during implementation and application of certain GASB Statements and (2) accounting and financial reporting for financial guarantees. The provisions of paragraphs 4 through 10 of Statement 99 are effective for fiscal years beginning after June 15, 2023. The applicable provisions of paragraphs 4 through 10 were implemented July 1, 2023, and did not have a material impact to the financial statements.
• GASB Statement No. 100, Accounting Changes and Error Corrections – an amendment of GASB Statement No. 62 – In June 2022, GASB issued Statement No. 100, Accounting Changes and Error Corrections – an amendment of GASB Statement No. 62. The objective of this statement is to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. The provisions in Statement 100 are 3 effective for fiscal years beginning after June 15, 2023. The applicable provisions were implemented July 1, 2023. The ch ange in accounting estimate is disclosed in the Landfill Post closure Care Cost section of Note 13 of the financial statements.

Significant Accounting Policies
W
e did not identify any significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.

Significant Unusual Transactions
W
e did not identify any significant unusual transactions.

Management’s Judgments and Accounting Estimates
S
ummary information about the process used by manageme nt in formulating particularly sensitive accounting estimates and about our conclusions regarding the reasonableness of those estimates is in the attached Summary of Significant Accounting Estimates.

Audit Adjustments and Uncorrected Misstatements
There were no audit adjustments made to the original trial balance presented to us to begin our audit.

We are not aware of any uncorrected misstatements other than misstatements that are clearly trivial.

Other Information Included in Annual Comprehensive Financial Reports Our responsibility for other information included in annual comprehensive financial reports is to read the information and consider whether its content or the manner of its presentation is materially inconsistent with the financial information covered by our auditor’s report, whether it contains a material misstatement of fact or whether the other information is otherwise misleading. We read the City’s Introductory and Statistical Section and did not identify material inconsistencies with the audited basic financial statements.

Observations About the Audit Process
Disagreements With Management
W
e encountered no disagreements with management over the application of significant accounting principles, the basis for management’s judgments on any significant matters, the scope of the audit or significant disclosures to be included in the basic financial statements.

Consultations With Other Accountants
We a
re not aware of any consultations management had with other accountants about accounting or auditing matters.

Significant Issues Discussed With Management
N
o significant issues arising from the audit were discussed or were the subject of correspondence with management.
4 Significant Difficulties Encountered in Performing the Audit We
did not encounter any significant difficulties in dealing with management during the audit.

Shared Responsibilities for Independence
Independence is a joint responsibility and is managed most effectively when management, audit committees (or their equivalents), and audit firms work together in considering compliance with American Institute of Certified Public Accountants ( AICPA) and Government Accountability Office (GAO) independence rules. For Macias Gini & O’Connell LLP (MGO) to fulfill its professional responsibility to maintain and monitor independence, management, the Honorable Mayor and Members of the City Council of the City of Sacramento, California, and MGO each play an important role.

Our Responsibilities
• AIC
PA and GAO rules require independence both of mind and in appearance when providing audit and other attestation services. MGO is to ensure that the AICPA and GAO’s General Requirements for performing non-attest services are adhered to and included in all letters of engagement. • Maintain a system of quality management over compliance with independence rules and firm policies.

The City’s Responsibilities
• Tim
ely inform MGO, before the effective date of transactions or other business changes, of the following:
− New affiliates, directors, or officers.
− Changes in the organizational structure or the reporting entity impacting affiliates such as subsidiaries, partnerships, related entities, investments, joint ventures, component units, and jointly governed organizations.
• Provide necessary affiliate information such as new or updated structure charts, as well as financial information required to perform materiality calculations needed for maki ng affiliate determinations.
• Understand and conclude on the permissibility, prior to the City and its affiliates, officers, directors, or persons in a decision-making capacity, engaging in business relationships with MGO. • Not entering into arrangements of nonaudit services resulting in MGO being involved in making management decisions on behalf of the City.
• Not entering into relationships resulting in close family members of MGO covered persons , temporarily or permanently acting as an officer, director, or person in an accounting, financial reporting or compliance oversight role at the City.

Internal Control and Compliance Matters
We have separately communicated on internal control and compliance over financial reporting identified during our audit of the basic financial statements , as required by Government Auditing Standards . This communication is attached as Exhibit A.

Sig
nificant Written Communications Between Management and Our Firm We have requested certain written representations from management in a letter dated December 20, 2024. 5 SIGNIFICANT ACCOUNTING ESTIMATES
Accounting estimates are an integral part of the preparation of financial statements and are based upon management’s current judgment. The process used by management encompasses their knowledge and experience about past and current events, and certain assu mptions about future events. You may wish to monitor throughout the year the process used to determine and record these accounting estimates. The following summarizes the significant accounting estimates reflected in the City’s basic financial statements.

Significant Accounting Estimates
Measurement of
investments at fair value
The City’s investments are accounted for in accordance with the provisions of GASB Statement No. 72, Fair Value Measurement and Application, and accordingly, its fair value measurements are categorized within the fair value hierarchy established by the standard. The following levels indicate the hierarchy of inputs used to measure fair value and the primary valuation methodologies used for financial instruments measured at fair value on a recurring basis:
o Level 1 – Investments whose values are based on quoted prices (unadjusted) for identical assets in active markets that a government can access at the measurement date.
o Level 2 – Investments whose values are based on inputs – other than quoted prices including prices included within level 1 – that are observable for an asset, either directly or indirectly. o Level 3 – Investments whose values are based on unobservable inputs for an asset and may require a degree of professional judgment.

MGO compared investment values from quoted market information and using pricing applications and models obtained from custodian bank, fiscal agents or other sources and determined that they were reasonable.

Estimated allowance for
losses on accounts
receivable
Estimated allowance for losses on accounts receivable was based on historical experience.

MGO evaluated the methodologies and assumptions used in mak ing the estimated allowance for losses and tested subsequent cash receipts of significant accounts receivable and determined the estimates were reasonable.

Depreciation and
amortization of capital
assets, including
depreciation/amortization
methods and useful lives
assigned to
depreciable/amortizable
property
Useful lives, or in the case of intangible right-to-use lease and subscription- based information technology assets, the shorter of useful lives or the lease/subscription term, for depreciable/amortizable capital assets were determined by management based o n the nature of the capital asset.

Depreciation/amortization was calculated on the straight-line method.

MGO assessed the reasonableness of the useful lives based on the nature of the capital assets and performed substantive analytical procedures on 6 Significant Accounting Estimates
depreciation/amortization expense and determined the estimates were reasonable.

Accrual and disclosure of
self-insurance claims
liabilities
Estimated liabilities are based on the estimated ultimate cost of settling claims, including effects of inflation and other social and economic factors.

The estimated actuarial liability is then discounted by the City’s expected rate of return and anticipated timing of cash outlays to determine the present value of the liability.

MGO evaluated the methodologies and assumptions used to develop the actuarial estimate through data testing. MGO also obtained legal confirmation and obtained evidence relevant to the period in which the underlying cause for legal action occurred, the degree of probability of an unfavorable outcome, and the amount or range of potential loss.

Measurement of the
pension contributions, net
pension liability, pension
expense, and pension-
related deferred outflows
and inflows of resources
Pension plans’ employer and employee con tributions requirements, net pension liability, and related deferred outflows and inflows of resources were based on actuarial valuations prepared by third party specialist s for the Sacramento City Employees' Retirement System (SCERS) and by CalPERS.

MGO agreed the calculations to the actuarial valuations prepared by third party specialists for SCERS and by CalPERS, and tested the reasonableness of allocations to various City funds.

Measurement of the other
postemployment benefits
(OPEB) contributions, net
OPEB liability, OPEB
expense and OPEB-related
deferred outflows and
inflows of resources
OPEB plan ’s employer and employee contributions requirements, net OPEB liability, and related deferred outflows and inflows of resources were based on actuarial valuations prepared by the City’s actuarial specialist.

MGO agreed the calculations to actuarial valuations prepared by the City’s actuarial specialist and tested the reasonableness of allocations to various City funds.

Measurement of the lease
and public-private
partnership/service
concession arrangement
receivables, and the lease
and subscription liabilities
The discount rate used for the calculation of the lease and public-private partnership/service concession arrangement receivables, and the lease and subscription liabilities are based on the City’s estimated incremental borrowing rate based on the estimate of interest rates that the City would be charged for borrowing lease and IT subscrip tion amounts during the term of the agreement.

We evaluated the discount rates used and determined they were reasonable.

Landfill postclosure care
liability
Landfill postclosure care cost estimates are based on historical actual costs for the fiscal years 2022, 2023, and 2024 and may change due to inflation or deflation, technology, or applicable laws and regulations.

We evaluated the historical actual costs used in preparation of the estimate and determined they were reasonable.

EXHIBIT A
Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards ww
w.mgocpa.com Macias Gini & O’Connell LLP
500 Capitol Mall, Suite 2200
Sacramento, CA 95814
7 Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards The Honorable Mayor and Members of the
City Council of the City of Sacramento, California
We hav
e 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, 2024, 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 20, 2024.

Re
port on Internal Control Over Financial Reporting
In pl
anning 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.

A def
iciency in internal control exists when the design or operation of a control does not allow management or employees , in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable 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 deficien cy is 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 pur pose 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 weaknesses or significant deficiencies may exist that were not identified.

Re
port on Compliance and Other Matters
As
part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statement s. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
8 Purpose of This Report
T
he 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 int ernal 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.

S
acramento, California
December 20, 2024

EXHIBIT B
Recent Accounting Pronouncements
9 RECENT ACCOUNTING PRONOUNCEMENTS
The following accounting pronouncements have been issued as of the date of this communication but are not yet effective and may affect the future financial reporting by the City.

Pronouncement Summary
GASB Statement No. 101,
Compensated Absences
The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain
previously required disclosures.

Statement No. 101 is effective for the City’s fiscal year ending June 30, 2025.

GASB Statement No. 102, Certain
Risk Disclosures
The objective of this Statement is to provide users of government financial statements with essential information about risks related to a government’s vulnerabilities due to certain concentrations or constraints.

Statement No. 102 is effective for the City’s fiscal year ending June 30, 2025.

GASB Statement No. 103, Financial
Reporting Model Improvements
The objective of this Statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability. This Statement also addresses certain application issues.

Statement No. 103 is effective for the City’s fiscal year ending June 30, 2026.

GASB Statement No. 104, Disclosure
of Certain Capital Assets
The objective of this Statement is to provide users of
governmental financial statements with essential information about certain types of capital assets.

Statement No. 104 is effective for the City’s fiscal year ending June 30, 2026.
ww
w.mgocpa.com Macias Gini & O’Connell LLP
500 Capitol Mall, Suite 2200
Sacramento, CA 95814
Independent Auditor’s Report
To the
Honorable Mayor and Members of the
City Council of the City of Sacramento, California
Rep
ort on the Audit of the Financial Statements
Opin
ions
We have
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, 202 4, 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, 202 4, and the respective changes in financial position , and, where applicable, cash f lows 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.

Basi
s for Opinions
We con
ducted 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.

Res
ponsibilities of Management for the Financial Statements The City’s man
agement 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.

In p
reparing the financial statements, management is required to evaluate whether 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 twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor’s Responsibilities for the Audit of the Financial Statements O
ur 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 absolu te 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, individ ually 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. • I
dentify 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 reasonablene ss 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
A
ccounting 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 (asset) 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
i
nformation 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 financial reporting for placing the basic financial statements in an appro priate 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.

S
upplementary Information
O
ur 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 pr ocedures 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.

O
ther Information
Th
e C ity’s m anagement 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.

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

O
ther Reporting Required by Government Auditing Standards In acco
rdance with Government Auditing Standards , we have also issued our report dated December 20, 2024, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regula tions, 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 C ity’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

S
acramento, California
December 20, 2024

Sacramento City CouncilFebruary 25, 2025

Sacramento City Council
February 25, 2025