2026-00432 Fiscal Year (FY) 2024/25 Annual Comprehensive Financial Report (ACFR) — Budget and Audit Committee, February 3, 2026 (part 2 of 2)

136

City of Sacramento
Other Special Revenue Funds
Combining Balance Sheet
June 30, 2025
(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 56,243$ 230$ 34,195$ 1,408$ 231, 608$ Receivables, net:

Taxes - - 243 - 7,533
Accounts 1,748 - 3,247 - 6,126
Loans - - - - 44,954
Intergovernmental 33,800 865 - - 34,721
Leases - - - - 754
Interest - - - - 1,769
Prepaid items 13 - - - 13
Restricted assets:

Cash and investments held by City - - - - 222
Total assets 91,804$ 1,095$ 37,685$ 1,408
$ 327,
700$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 11,485 $ 60$ 6,917$ 110$ 19,622$
Accrued payroll - 29 - - 83
Matured notes and interest payable - - - - 667
Deposits 269 - - - 1,136
Unearned revenue 5,800 - - - 7,007
Advances from other funds - - - - 19,278
Total liabilities 17,554 89 6,917 110 47,793
Deferred Inflows of resources:

Unavailable revenue 32,250 665 - - 33,346
Leases - - - - 725
Total deferred inflows of resources 32,250 665 - - 34,071 Fund balances:

Nonspendable:

Prepaid items 13 - - - 13
Leases - - - - 29
Restricted:

Capital projects - - 3,727 - 34,410
Debt service - - - - 222
Public works programs - - - - 26,903
Economic development programs - - - - 81,352
Other programs 74,237 341 2
7,041 - 106,981
Committed:

Capital projects - - - - 1,400
OPEB - - - - 8
Other programs - - - 1,298 26,458
Assigned:

Other programs - - - - 508
Unassigned (32,250) - - - (32,448)
Total fund balances 42,000 341 30,768 1,298 245,836
Total liabilities, deferred inflows of resources
and fund balances 91,804$ 1,095$ 37,685$ 1,408$ 327, 700$

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137

City of Sacramento
Other Special Revenue Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
(in thousands)
Transportation Culture and Parks and Economic
and Development Leisure Recreation Development
Fund Fund Fund Fund
Revenues:

Taxes -$ -$ -$ 14,735$
Intergovernmental 16,501 - 711 -
Charges for services 22,483 2,920 - -
Fines, forfeits and penalties 202 - - -
Interest, rents, and concessions 3,325 1,297 699 3,818 Community service fees 113 - 640 -
Assessment levies 392 - - -
Contributions and donations - 45 407 -
Miscellaneous - - - 94
Total revenues 43,016 4,262 2,457 18,647
Expenditures:

Current:

General government - - - 3,675
Police - - - -
Fire - - - -
Public works 14,247 - - -
Convention and cultural services - 1,754 - -
Youth, parks, and community enrichment - - 1,441 -
Community development 14,213 - - -
Community response - - - -
Library - - - -
Utilities - - - -

Capital outlay 1,979 769 208 3
Debt service:

Principal 588 595 4 -
Interest and fiscal charges 8 1,012 1 -
Total expenditures 31,035 4,130 1,654 3,678
Excess (deficiency) of revenues over
(under) expenditures 11,981 132 803 14,969
Other financing sources (uses):

Transfers in - 745 31 8,913
Transfers out (1,554) - (23) (21,946)
Issuance of long-term debt - - - -
Total other financing sources (uses) (1,554) 745 8 (13,033) Changes in fund balances 10,427 877 811 1,936
Fund balances (deficits), beginning of year 66,803 2,393 8,766 79,416 Fund balances, end of year 77,230$ 3,270$ 9,577$ 81,352$

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138

City of Sacramento
Other Special Revenue Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
(in thousands)
Operating Total Other
Grants CCOMWP Special Districts Cal EPA Special Revenue Fund Fund Fund Fund Funds
Revenues:

Taxes - $ -$ 1,158$ -$ 15,893$
Intergovernmental 59,701 6,826 6 - 83,745
Charges for services 6,514 - - - 31,917
Fines, forfeits and penalties - - - - 202
Interest, rents, and concessions 388 (12) 757 37 10,309 Community service fees - - - - 753
Assessment levies - - 67,573 - 67,965
Contributions and donations 437 - - - 889
Miscellaneous - - - - 94
Total revenues 67,040 6,814 69,494 37 211,767
Expenditures:

Current:

General government 28,536 4,854 14,777 - 51,842
Police 7,631 - - - 7,631
Fire 4,307 - - - 4,307
Public works 224 - 14,678 - 29,149
Convention and cultural services 947 - 10,332 - 13,033 Youth, parks, and community enrichment 3,555 - 8,054 - 13,050 Community development 239 - 270 - 14,722

Community response 3,048 - - - 3,048
Library - - 9,888 - 9,888
Utilities - - 421 - 421
Capital outlay 3,287 - 2,082 110 8,438
Debt service:

Principal 670 57 - - 1,914
Interest and fiscal charges 52 - - - 1,073
Total expenditures 52,496 4,911 60,502 110 158,516
Excess (deficiency) of revenues over
(under) expenditures 14,544 1,903 8,992 (73) 53,251 Other financing sources (uses):

Transfers in - 651 - - 10,340
Transfers out (388) - (2,690) - (26,601)
Issuance of long-term debt 1,578 - - - 1,578
Total other financing sources (uses) 1,190 651 (2,690) - (14,683) Changes in fund balances 15,734 2,554 6,302 (73) 38,568 Fund balances (deficits), beginning of year 26,266 (2,213) 24,466 1,371 207,268 Fund balances, end of year 42,000$ 341$ 30,768$ 1,298$ 245,836$

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139

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

Intergovernmental 16,470$ 16,470$ 16,501$ 31$
Charges for services 3,921 8,307 8,233 (74)
Fines, forfeits and penalties 300 300 202 (98)
Interest, rents, and concessions 40 40 2,927 2,887
Total revenues 20,731 25,117 27,863 2,746
Expenditures:

Current:

Public works 18,177 18,177 14,247 3,930
Community development 12,441 16,616 2,851 13,765
Capital outlay 11,826 12,019 1,831 10,188
Debt service:

Principal - - 588 (588)
Interest and fiscal charges - - 8 (8)
Total expenditures 42,444 46,812 19,525 27,287
Excess (deficiency) of revenues
over (under) expenditures (21,713) (21,695) 8,338 30,033 Other financing uses:

Transfers out - - (1,177) (1,177)
Changes in fund balance for budgeted activities (21,713) (21,695) 7,161 28,856 Fund balance, beginning of year for budgeted activities 56,742 56,742 56,742 - Fund balance, end of year for budgeted activities 35,029$ 35,047$ 63,903 28,856$ Change in fund balance for Transportation and
Development Special Revenue Fund activities
for which annual budgets are not adopted 3,266
Fund balance, beginning of year for non-budgeted
activities 10,061
Fund balance, end of year 77,230$
(in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2025
Transportation and Development Special Revenue Fund
140

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

Charges for services 1,917$ 2,417$ 2,920$ 503$
Interest, rents and concessions 1,003 1,003 1,297 294
Contributions and donations 45 45 45 -
Total revenues 2,965 3,465 4,262 797
Expenditures:

Current:

Convention and cultural services 1,660 1,714 1,754 (40) Capital outlay 1,417 1,872 769 1,103
Debt service:

Principal 1,166 1,166 595 571
Interest and fiscal charges 927 927 1,012 (85)
Total expenditures 5,170 5,679 4,130 1,549
Excess (deficiency) of revenues
over (under) expenditures (2,205) (2,214) 132 2,346
Other financing sources:

Transfers in 701 701 745 44
Changes in fund balance (1,504) (1,513) 877 2,390
Fund balance, beginning of year 2,393 2,393 2,393 -
Fund balance (deficit), end of year 889$ 880$ 3,270$ 2,390$ (in thousands)
Budgeted Amounts
City of Sacramento
Schedule of Revenues, Expenditures and Changes in Fund Balance For the Fiscal Year Ended June 30, 2025
Culture and Leisure Special Revenue Fund
141

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

Intergovernmental 658$
754$ 711$ (43)$
Interest, rents and concessions 23 23 76 53
Community service fees - - 60 60
Total revenues 681 777 847 70
Expenditures:

Current:

Youth, parks, and community enrichment 518 614 917 (303) Excess (deficiency) of revenues
over (under) expenditures 163 163 (70) (233)
Other financing sources:

Transfers in - 31 31 -
Changes in fund balance for budgeted activities 163 194 (39) (233) Fund balance, beginning of year for budgeted activitie
s 110 110 110 -
Fund balance, end of year for budgeted activities 273$ 304$ 71 (233)$ Change in fund balance for Parks and Recreation
850
Fund balance, beginning of year for non-budgeted
activities 8,656
Fund balance, end of year 9,577$
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, 2025
Parks and Recreation Special Revenue Fund
142

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

Intergovernmental 1,525 $ 1,525$ 1,518$ (7)$
Interest, rents and concessions - - (12) (12)
Total revenues 1,525 1,525 1,506 (19)
Expenditures:

Current:

General government 1,759 2,249 1,923 326
Debt service:

Principal - - 57 (57)
Total expenditures 1,759 2,249 1,980 269
Deficiency of revenues under expenditures (234) (724) (474) 250 Other financing sources:

Transfers in 651 651 651 -
Changes in fund balance 417 (73) 177 250
Fund balance, beginning of year for budgeted activities 829 829 829 - Fund balance, end of year for budgeted activities 1,246$ 756$ 1,006 250$ Change in fund balance for CCOMWP Special Revenue Fund
activities for which annual budgets are not adopted 2,377 Fund deficit, beginning of year for non-budgeted activities (3,042) Fund balance, end of year 341$
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, 2025
(in thousands)
143

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

Taxes 18$ 18$ 1,158 1,140$
Intergovernmental - - 6 6
Interest, rents, and concessions - - 757 757
Assessment levies 60,592 60,592 67,573 6,981
Total revenues 60,610 60,610 69,494 8,884
Expenditures:

Current:

General government 14,495 14,495 14,777 (282)
Public works 18,113 17,838 14,678 3,160
Convention and cultural services 3,635 3,635 10,332 (6,697) Youth, parks, and community enrichment 9,188 8,964 8,054 910 Community development 263 263 270 (7)
Library 9,989 9,989 9,888 101
Utilities 783 783 421 362
Capital outlay 4,258 4,889 2,082 2,807
Total expenditures 60,724 60,856 60,502 354
Excess (deficiency) of revenues
over (under) expenditures (114) (246) 8,992 9,238
Other financing uses:

Transfers out (2,742) (2,742) (2,690) 52
(2,856) (2,988) 6,302 9,290
Fund balance, beginning of year 24,466 24,466 24,466 - Fund balance, end of year 21,610$ 21,478$ 30,768$ 9,290$ Changes in fund balance
Budgeted Amounts
City of Sacramento
For the Fiscal Year Ended June 30, 2025
(in thousands)
Special Districts Special Revenue Fund
144

OTHER DEBT SERVICE FUNDS
Other debt service funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for principal and interest, or that are being accumulated for principal and interest maturing in future years. The following debt service funds have been classified as nonmajor funds:
2006 SERIES B REVENUE BOND FUND is used to account for debt service activities related to financing an arts rehearsal facility and other public capital improvements and redevelopment projects.
2006 SERIES E REVENUE BOND FUND is used to account for refunding debt service related to refinancing all the 2001 Capital Improvement Revenue Bonds and a portion of the 2002 and 2003 Capital Improvement Revenue Bonds.
2015 REFUNDING REVENUE BOND FUND is used to account for debt service activities related to the refunding of the outstanding 2002 Capital Improvement Revenue Bonds, 2003 Capital Improvement Revenue Bonds, 2005 Refunding Revenue Bonds, and the 2006 Capital Improvement Revenue Bonds Series A and C.
2016 SPFA LEASE FINANCING (H STREET THEATER COMPLEX) FUND is used to account for debt service activities related to the refunding of the Sacramento Regional Arts Facilities 2002 Series Certificates of Participation (COPs).

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

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145

City of Sacramento
Other Debt Service Funds
Combining Balance Sheet
June 30, 2025
(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 585 $ -$ 2,127$
Cash and investments held by fiscal agent 121 2 3
Receivables, net:

Intergovernmental 8,351 1,504 -
Leases 2,863 - -
Interest 25 - -
Restricted assets:

Cash and investments held by fiscal agent 3,934 - -
Total assets 15,879$ 1,506$ 2,130$

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

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

Unavailable revenue 8,351 1,504 -
Leases 2,692 - -
Total deferred inflows of resources 11,043 1,504 -
Fund balances:

Nonspendable:

Leases 171 - -
Restricted:

Debt service 3,934 - -
Committed:

Debt service 731 2 -
Assigned:

Debt service - - 2,130
Total fund balances 4,836 2 2,130
Total liabilities, deferred inflows of resources
and fund balances 15,879$ 1,506$ 2,130$

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146

City of Sacramento
Other Debt Service Funds
Combining Balance Sheet
June 30, 2025
(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$ 2,713$
Cash and investments held by fiscal agent - - 126
Receivables, net:

Intergovernmental - - 9,855
Leases - - 2,863
Interest - - 25
Restricted assets:

Cash and investments held by fiscal agent 1,575 - 5,509 Total assets 1,575$ 1$ 21,091$

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

Deposits 456 $ -$ 456$
Deferred inflows of resources:

Unavailable revenue - - 9,855
Leases - - 2,692
Total deferred inflows of resources - - 12,547
Fund balances:

Nonspendable:

Leases - - 171
Restricted:

Debt service 1,119 - 5,053
Committed:

Debt service - - 733
Assigned:

Debt service - 1 2,131
Total fund balances 1,119 1 8,088
Total liabilities, deferred inflows of resources
and fund balances 1,575$ 1$ 21,091$

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147

City of Sacramento
Other Debt Service Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
(in thousands)
2006 2006 2015
Series B Series E Refunding
Revenue Revenue Revenue
Bond Fund Bond Fund Bond Fund
Revenues:

Intergovernmental 530$ 148$ -$
Interest, rents, and concessions 992 100 80
Total revenues 1,522 248 80
Expenditures:

Debt service:

Principal 1,875 5,450 4,125
Interest and fiscal charges 2,059 3,311 2,752
Total expenditures 3,934 8,761 6,877
Excess (deficiency) of revenues over
(under) expenditures (2,412) (8,513) (6,797)
Other financing sources:

Transfers in 2,240 8,508 6,850
Changes in fund balances (172) (5) 53
Fund balances, beginning of year 5,008 7 2,077
Fund balances, end of year 4,836$ 2$ 2,130$

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148

City of Sacramento
Other Debt Service Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
(in thousands)
2016 Total
SPFA Other Debt
Lease Financing Other City Service
Fund Debt Fund Funds
Revenues:

Intergovernmental -$ -$ 678$
Interest, rents, and concessions 916 - 2,088
Total revenues 916 - 2,766
Expenditures:

Debt service:

Principal 535 - 11,985
Interest and fiscal charges 140 - 8,262
Total expenditures 675 - 20,247
Excess (deficiency) of revenues over
(under) expenditures 241 - (17,481)
Other financing sources:

Transfers in - - 17,598
Changes in fund balances 241 - 117
Fund balances, beginning of year 878 1 7,971
Fund balances, end of year 1,119$ 1$ 8,088$

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149

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150

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

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

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

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

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

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

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

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

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

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151

City of Sacramento
Other Capital Projects Funds
Combining Balance Sheet
June 30, 2025
(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 -$ 132,003$ -$ -$
Receivables, net:

Accounts - 1,913 - 954
Intergovernmental - 4,342 - 35,942
Interest - 691 - -
Restricted assets:

Cash and investments held by City 31 - 164 34
Cash and investments held by fiscal agent - - - 150
Total assets 31$ 138,949$ 164$ 37,080$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable - $ 1,555$ -$ 18,875$
Deposits - 25 - -
Due to other funds - - - 10,909
Unearned revenue - - - 5,508
Total liabilities - 1,580 - 35,292
Deferred inflows of resources:

Unavailable revenue - 2,146 - 32,615
Fund balances:

Restricted:

Capital projects 31 136,041 164 1,788
Other programs - - - -
Unassigned - (818) - (32,615)
Total fund balances (deficit) 31 135,223 164 (30,827) Total liabilities, deferred inflows of resources
and fund balances 31$ 138,949$ 164$ 37,080$

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152

City of Sacramento
Other Capital Projects Funds
Combining Balance Sheet
June 30, 2025
(in thousands)
Total
Financing Special Economic Other
Plans Districts Development Capital Projects
Fund Fund Fund Funds
ASSETS
Cash and investments held by City 127,794$ 5,766$ -$ 265,563$ Receivables, net:

Accounts 23,771 - - 26,638
Intergovernmental - - - 40,284
Interest 257 - - 948
Restricted assets:

Cash and investments held by City - - 10,333 10,562
Cash and investments held by fiscal agent - - - 150
Total assets 151,822$ 5,766$ 10,333$ 344,145$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 8,337 $ -$ 50$ 28,817$
Deposits 80 - - 105
Due to other funds - - - 10,909
Unearned revenue 6,979 - - 12,487
Total liabilities 15,396 - 50 52,318
Deferred inflows of resources:

Unavailable revenue 6,217 - - 40,978
Fund balances:

Restricted:

Capital projects 126,840 5,766 10,283 280,913
Other programs 3,369 - - 3,369
Unassigned - - - (33,433)
Total fund balances (deficit) 130,209 5,766 10,283 250,849 Total liabilities, deferred inflows of resources
and fund balances 151,822$ 5,766$ 10,333$ 344,145$

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153

City of Sacramento
Other Capital Projects Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
(in thousands)
Crocker
General Fund Transportation Art Museum Capital
Capital Projects and Development Expansion Grants
Fund Fund Fund Fund
Revenues:

Taxes -$ 2,789$ -$ -$
Intergovernmental - 35,401 - 42,569
Charges for services - 7 - -
Interest, rents, and concessions 1 4,777 4 78
Community service fees - 3,311 - -
Assessment levies - - - -
Contributions and donations - - - 255
Total revenues 1 46,285 4 42,902
Expenditures:

Current:

General government - - - -
Public works - 8,726 - -
Youth, parks, and community enrichment - - - -
Community development - - - -
Capital outlay - 13,784 - 56,128
Debt service:

Principal - - - -
Interest and fiscal charges - - - -
Total expenditures - 22,510 - 56,128
Excess (deficiency) of revenues over
(under) expenditures 1 23,775 4 (13,226)
Other financing sources (uses):

Transfers in - - - -
Transfers out - - - -
Issuance of long-term debt - - - -
Total other financing sources (uses) -
- - -
Changes in fund balances 1 23,775 4 (13,226)
Fund balances (deficit), beginning of year 30 111,448 160 (17,601) Fund balances (deficit), end of year 31$ 135,223$ 164$ (30,827)$

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154

City of Sacramento
Other Capital Projects Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
(in thousands)
Total
Financing Special Economic Other
Plans Districts Development Capital Projects
Fund Fund Fund Funds
Revenues:

Taxes -$ -$ -$ 2,789$
Intergovernmental - - - 77,970
Charges for services 40 - - 47
Interest, rents, and concessions 4,246 313 270 9,689 Community service fees 27,869 - - 31,180
Assessment levies 161 1,071 - 1,232
Contributions and donations - 42,954 - 43,209
Total revenues 32,316 44,338 270 166,116
Expenditures:

Current:

General government - - 20 20
Public works 31 - - 8,757
Youth, parks, and community enrichment 523 - - 523
Community development 6,966 23,677 - 30,643
Capital outlay 8,574 33,673 - 112,159
Debt service:

Principal 4,622 - - 4,622
Interest and fiscal charges 2,791 - - 2,791
Total expenditures 23,507 57,350 20 159,515
Excess (deficiency) of revenues over
(under) expenditures 8,809 (13,012) 250 6,601
Other financing sources (uses):

Transfers in 142 - - 142
Transfers out (1,628) - - (1,628)
Issuance of long-term debt 2,791 - - 2,791

Total other financing sources (uses) 1,305 - - 1,305 Changes in fund balances 10,114 (13,012) 250 7,906
Fund balances (deficit), beginning of year 120,095 18,778 10,033 242,943 Fund balances (deficit), end of year 130,209$ 5,766$ 10,283$ 250,849$

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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, 2025
(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 1,330$ 3,989$ 2,475$ 50$ 7,844$ Receivables, net:

Interest 8 26 2 - 36
Total assets 1,338$ 4,015$ 2,477$ 50$ 7,880$

FUND BALANCES
Liabilities:

Accounts payable 16 $ 50$ -$ -$ 66$
Fund balances:

Nonspendable:

Permanent fund principal 272 278 25 3 578
Restricted:

Other programs 1,050 3,687 2,452 47 7,236
Total fund balances 1,322 3,965 2,477 50 7,814
Total liabilities and fund balances 1,338$ 4,015$ 2,477$ 50$ 7,880$ 157

City of Sacramento
Permanent Funds
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
For the Fiscal Year Ended June 30, 2025
(in thousands)
Bertha George Clark Total
Ann Land Henschel Scholarship Alice Mille r Permanent
Fund Fund Fund Fund Funds
Revenues:

Interest, rents, and concessions 125$ 373$ 331$ 1$ 830$ Expenditures:

Current:

General governmen
t 58 173 26 - 257
Changes in fund balances 67 200 305 1 573
Fund balances, beginning of year 1,255 3,765 2,172 49 7,241 Fund balances, end of year 1,322$ 3,965$ 2,477$ 50$ 7,814$ 158

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

PARKING FUND is used to account for the operation and maintenance of the City's off-street parking facilities throughout the City. 4th 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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City of Sacramento
Other Enterprise Funds
Combining Statement of Net Position
June 30, 2025
(in thousands)
Total
4th R Other
Parking Child Development Enterprise
Fund Fund Funds
ASSETS
Current assets:

Cash and investments held by City 21,978$ 3,034$ 25,012$ Receivables, net:

Accounts 719 138 857
Leases 655 - 655
Interest 9 - 9
Prepaid items 18 - 18
Intangible asset, current portion - 8 8
Total current assets 23,379 3,180 26,559
Noncurrent assets:

Leases receivable 6,803 - 6,803
Intangible assets - 80 80
Capital assets:

Land 5,825 - 5,825
Buildings and improvements 65,200 1,642 66,842
Machinery and equipment 10,310 - 10,310
Construction in progress 731 - 731
Software 41 - 41
Intangible right-to-use lease land 1,978 - 1,978
Intangible right-to-use IT subscriptions 767 - 767
Less: accumulated depreciation/amortization (48,979) (1,534) (50,513) Total noncurrent assets 42,676 188 42,864
Total assets 66,055 3,368 69,423

DEFERRED OUTFLOWS OF RESOURCES
Pensions 1,270 1,021 2,291
OPEB 297 - 297
Total deferred outflows of resources 1,567 1,021 2,588

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City of Sacramento
Other Enterprise Funds
Combining Statement of Net Position
June 30, 2025
(in thousands)
Total
4th R Other
Parking Child Development Enterprise
Fund Fund Funds

LIABILITIES
Current liabilities:

Accounts payable 2,159 44 2,203
Accrued payroll 145 227 372
Accrued compensated absences 245 229 474
Interest payable 29 - 29
Deposits 69 - 69
Unearned revenue 229 171 400
Accrued claims and judgments 8 1 9
Lease liabilities 117 - 117
IT subscription liabilities 50 - 50
Revenue and other bonds payable, net 1,357 - 1,357
Total current liabilities 4,408 672 5,080
Noncurrent liabilities:

Accrued compensated absences 194 203 397
Net OPEB liability 1,436 - 1,436
Lease liabilities 1,420 - 1,420
IT subscription liabilities 568 - 568
Revenue and other bonds payable, net 5,909 - 5,909
Net pension liability 6,501 6,147 12,648
Total noncurrent liabilities 16,028 6,350 22,378
Total liabilities 20,436 7,022 27,458

DEFERRED INFLOWS OF RESOURCES
Gain on debt refundings 97 - 97
Pensions 69 7 76
OPEB 72 - 72
Leases 6,434 - 6,434
Total deferred inflows of resources 6,672 7 6,679

NET POSITION
Net investment in capital assets 26,206 108 26,314
Unrestricted 14,308 (2,748) 11,560
Total net position (deficit) 40,514$ (2,640)$ 37,874$

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162

City of Sacramento
Other Enterprise Funds
Combining Statement of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2025
(in thousands)
Total
4th R Other
Parking Child Development Enterprise
Fund Fund Funds
Operating revenues:

Charges for services:

User fees and charges 19,685 $ 6,948$ 26,633$
Rents and concessions 1,010 - 1,010
Miscellaneous 166 - 166
Total operating revenues 20,861 6,948 27,809
Operating expenses:

Employee services 4,688 6,065 10,753
Services and supplies 8,033 885 8,918
Depreciation/amortization 1,847 39 1,886
Claims and judgments 4 - 4
Total operating expenses 14,572 6,989 21,561
Operating income 6,289 (41) 6,248
Nonoperating revenues (expenses):

Interest and investment revenue 656 54 710
Revenue from other agencies - 349 349
Interest expense (161) - (161)
Gain on lease forgiveness 25 - 25
520 403 923
6,809 362 7,171
5,302 - 5,302
(10,383) - (10,383)
1,728 362 2,090
38,834 (2,941) 35,893
(48) (61) (109)
38,786 (3,002) 35,784
Total nonoperating revenues (expenses)
Income before transfers
Transfers in
Transfers out
Changes in net position
Total net position (deficit), beginning of year, as previously reported Change in accounting principle (GASB 101)
Total net position (deficit), beginning of year, as restated Total net position (deficit), end of year 40,514$ (2,640)$ 37,874$ 163

City of Sacramento
Other Enterprise Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2025
(in thousands)
Total
4th R Othe r
Parking Child Development Enterprise
Fund Fund Funds
Cash flows from operating activities:

Receipts from customers and users 20,425 $ 6,950 $ 27,375$ Payments to suppliers (8,019) (879) (8,898)
Payments to employees (4,811) (5,790) (10,601) Claims and judgments paid (4) (2) (6)
Net cash provided by operating activities 7,591 279 7,870 Cash flows from noncapital financing activities:

Transfers in from other funds 5,302 - 5,302 Transfers out to other funds (2,083) - (2,083) Intergovernmental revenue received - 349 349
Net cash provided by noncapital financing activities 3,219 349 3,568 Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (753) - (753) Principal payments on capital debt (1,150) - (1,150) Interest payments on capital debt (330) - (330)
Principal payments on lease liabilities (89) - (89)
Interest payments on lease liabilities (2) - (2)
Principal payments on IT subscription liabilities (51) - (51) Interest payments on IT subscription liabilities (8) - (8) Transfers out to other funds (8,300) - (8,300) Receipts from leases 340 - 340
Collection of interest from leases 223 - 223
Net cash used for capital and related financing activities (10,120) - (10,120) Cash flows from investing activities:

Collection of interest and investment revenue 537 54 591 Net increase in cash and cash equivalents 1,227 682 1,909 Cash and cash equivalents, beginning of year 20,751 2,352 23,103 Cash and cash equivalents, end of year 21,978$ 3,034$ 25,012$

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164

Operating income (loss) 6,289 $ (41) $ 6,248$ Adjustments to reconcile operating income (loss) to net cash provided by operating activities:

Depreciation/amortization expense 1,847 31 1,878 Amortization of intangible assets - 8 8
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net 26 (15) 11
Prepaid items (18) - (18)
Accounts payable 32 6 38
Accrued payroll 21 34 55
Accrued compensated absences 54 39 93
Accrued claims and judgments - (2) (2)
Deposits 22 - 22
Unearned revenue 33 17 50
Net pension liability and related deferred outflows/inflows of resources 72 195 267 Net OPEB liability and related deferred outflows/inflows of resources (270) 7 (263) Deferred inflows related to leases (517) - (517)
Net cash provided by operating activities 7,591$ 279$ 7,870$ Noncash investing, capital and financing activities:

Amortization of bond premium and discount 151$ -$ 151$ Amortization of bond gain on refunding 24 - 24
Capital asset acquisitions on accounts payable 149 - 149 Forgiven lease liability 25 - 25

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166

WATER FUND

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167

City of Sacramento
Water Fund
June 30, 2025
(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 - $ 234,990$ -$ -$ -$ Cash and investments held by fiscal agent - 79 - - -
Receivables, net:

Accounts 621 23,932 - - -
Intergovernmental . . 6,023 . .

Leases - 67 - - -
Settlement 4,690
Interest - 2,069 - - -
Due from other funds - 5,514 - - -
Inventories - 2,327 - - -
Prepaid items - 144 - - -
Total current assets 621 273,812 6,023 - -
Noncurrent assets:

Restricted assets:

Cash and investments held by City 54,242 8,240 - - -
Cash and investments held by fiscal agent - 639 - - -
Loans receivable - 1,000 - - -
Leases receivable - 692 - - -
Settlement receivable - 2,637 - - -
Net pension asset - 3,015 - - -
Capital assets:

Land 3,127 1,170 - - -
Buildings
and improvements 12,932 55,469 1,990 94,403 -
Machinery and equipment 4,596 27,990 1,104 77,425 8,627 Transmission and distribution systems 4,125 665,068 3,438 100,028 54,381 Construction in progress 6,290 33,447 5,658 3,247 5
Software - 4,023 - - -
Easement - 134 - - -
Intangible right-to-use lease equipment - 184 - - -
Intangible right-to-use IT subscriptions - 1,484 - - - Less: accumulated depreciation/amortization (1,207) (392,973) (2,139) (41,718) (8,013) Total noncurrent assets 84,105 412,219 10,051 233,385 55,000 Total assets 84,726 686,031 16,074 233,385 55,000

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt - 2,621 - - -
Pensions - 12,390 - - -
OPEB - 1,304 - - -
Total deferred outflows of resources - 16,315 - - -
Combining Schedule of Net Position
168

Page 1 of 4 ends

ASSETS
Current assets:

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

Accounts
Intergovernmental
Leases
Settlement
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
Loans receivable
Leases receivable
Settlement receivable
Net pension asset
Capital assets:

Land
Buildings and improvements
Machinery and equipment
Transmission and distribution systems
Construction in progress
Software
Easement
Intangible right-to-use lease equipment
Intangible right-to-use 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, 2025
(in thousands)
Drinking Water 2020 Water 2023 Water Total
SRF Loan Revenue Refunding Revenue Refunding Water
Fund Bonds Fund Bonds Fund Eliminations Fund
-$ -$ -$ -$ 234,990$
- 1 - - 80
- - - - 24,553
.... 6,023
- - - - 67
4,690
- - - - 2,069
- - - (5,514) -
- - - - 2,327
- - - - 144
- 1 - (5,514) 274,943
- - - - 62,482
- - - - 639
- - - - 1,000
- - - - 692
- - - - 2,637
- - - - 3,015
- - - - 4,297
17,752 - - - 182,
546
3,307 - - - 123,049
118,015 - - - 945,055
- - - - 48,647
- - - - 4,023
- - - - 134
- - - - 184
- - - - 1,484
(15,071) - - - (461,121)
124,003 - - - 918,763
124,003 1 - (5,514) 1,193,706
- 2,836 - - 5,457
- - - - 12,390
- - - - 1,304
- 2,836 - - 19,151
(continued)

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169

LIABILITIES
Current liabilities:

Accounts payable 572 5,120 698 - -
Due to other funds - - 5,317 - -
Accrued payroll - 1,728 - - -
Accrued compensated absences - 2,408 - - -
Interest payable - 359 - - 763
Unearned revenue - 1,754 17 - -
Accrued claims and judgments - 155 - - -
IT subscription liabilities - 178 - - -
Revenue and other bonds payable, net - 8,101 - - 1,444 Notes payable - 533 - - -
Total current liabilities 572 20,336 6,032 - 2,207
Noncurrent liabilities:

Accrued compensated absences - 2,792 - - -
Water fee credits 12 84 - - -
Net OPEB liability - 10,523 - - -
IT subscription liabilities - 254 - - -
Revenue and other bonds payable, net - 68,898 - - 52,303 Notes payable - 3,809 - - -
Net pens
ion liability - 53,397 - - -
Total noncurrent liabilities 12 139,757 - - 52,303
Total liabilities 584 160,093 6,032 - 54,510

DEFERRED INFLOWS OF RESOURCES
Gain on debt refunding - - - - -
Pensions - 1,062 - - -
OPEB - 1,630 - - -
Leases - 687 - - -
Total deferred inflows of resources - 3,379 - - -

NET POSITION
Net investment in capital assets 29,279 316,350 9,385 233,385 1,253 Restricted for:

Capital projects 54,863 - - - -
Unrestricted - 222,524 657 - (763)
Total net position (deficit) 84,142$ 538,874$ 10,042$ 233,385$ 490$ (continued)

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170

City of Sacramento
Water Fund
Combining Schedule of Net Position
June 30, 2025
(in thousands)

LIABILITIES
Current liabilities:

Accounts payable
Due to other funds
Accrued payroll
Accrued compensated absences
Interest payable
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
- - - - 6,390
197 - - (5,514) -
- - - - 1,728
- - - - 2,408
- 1,380 350 - 2,852
- - - - 1,771
- - - - 155
- - - - 178
- 4,995 2,456 - 16,996
3,116 - - - 3,649
3,313 6,375 2,806 (5,514) 36,127
- - - - 2,792
- - - - 96
- - - - 10,523
- - - - 254
- 145,500 21,373 - 288,074
114,999 - - - 118,808
- - - - 53,397
114,999 145,
500 21,373 - 473,944
118,312 151,875 24,179 (5,514) 510,071
- - 2,889 - 2,889
- - - - 1,062
- - - - 1,630
- - - - 687
- - 2,889 - 6,268
5,888 (147,659) (26,718) - 421,163
- - - - 54,863
(197) (1,379) (350) - 220,492
5,691$ (149,038)$ (27,068)$ -$ 696,518$

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171

City of Sacramento
Water Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2025
(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 -$ 137,940$ -$ -$ -$
Rent and concessions - 54 - - -
Miscellaneous - 7,414 - - -
Total operating revenues - 145,408 - - -
Operating expenses:

Employee services - 52,734 - - -
Services and supplies - 33,704 1,181 - -
Depreciation/amortization 392 18,441 231 7,608 1,105
Claims and judgments - 254 - - -
Total operating expenses 392 105,133 1,412 7,608 1,105 Operating income (loss) (392) 40,275 (1,412) (7,608) (1,105) Nonoperating revenues (expenses):

Interest and investment revenue 1,420 14,913 - 43 3
Revenue from other agencies - 26 4,239 - -
Interest expense - (3,770) - 82 (1,969)
Amortization of bond prepaid insurance - (23) - - -
Loss on disposition of capital assets - - - (2,347) -
1,420 11,146 4,239 (2,222) (1,966)
1,028 51,421 2,827 (9,830) (3,071)
2,342 2,356 - - -
84 248 - 2,657 3,373
(92) (35,855) - (30) -
- 13,400 - - -
3,362 31,570 2,827 (7,203) 302
80,780 508,109 7,215 240,588 188
- (805) - - -
80,780 507,304 7,215 240,588 188
Total nonoperating revenues (expenses)
Income (loss) before capital contributions and transfers Capital contributions
Transfers in
Transfers out
Special item
Changes in net position
Total net position (deficit), beginning of year, as previously reported Change in accounting principle (GASB 101)
Total net position (deficit), beginning of year, as restated Total net position (deficit), end of year 84,142$ 538,874$ 10,042$ 233,385$ 490$

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172

City of Sacramento
Water Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2025
(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
Loss on disposition of capital assets
Total nonoperating revenues (expenses)
Income (loss) before capital contributions and transfers Capital contributions
Transfers in
Transfers out
Special item
Changes in net position
Total net position (deficit), beginning of year, as previously reported Change in accounting principle (GASB 101)
Total net position (deficit), beginning of year, as restated 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
-$ -$ -$ -$ 137,940$
- - - - 54
- - - - 7,414
- - - - 145,408
- - - - 52,734
- - - - 34,885
3,162 - - - 30,939
- - - - 254
3,162 - - - 118,812
-
(3,162) - - - 26,596
- 4 1 - 16,384
- - - - 4,265
(2,088) (4,310) (785) - (12,840)
- - - - (23)
- - - - (2,347)
(2,088) (4,306) (784) - 5,439
(5,250) (4,306) (784) - 32,035
- -
- - 4,698
8,240 5,197 1,229 (20,726) 302
- - - 20,726 (15,251)
- - - - 13,400
2,990 891 445 - 35,184
2,701 (149,929) (27,513) - 662,139
- - - - (805)
2,701 (149,929) (27,513) - 661,334
5,691$ (149,038)$ (27,068)$ -$ 696,518$

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173

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2025
(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 -$ 134,943$ -$ -$ -$
Payments to suppliers - (20,447) (1,153) - -
Payments to employees - (52,469) - - -
Claims and judgments paid - (210) - - -
Net cash provided by (used for) operating activities - 61,817 (1,153) - - Cash flows from noncapital financing activities:

Interfund cash flow loans - (5,514) 5,317 - -
Transfers in from other funds 84 218 - - -
Transfers out to other funds (92) (15,126) - - -
Interfund loan repayments - 2,989 (2,792) - -
Loan made to water agency - (1,000) - - -
Intergovernmental revenue received - 26 1,233 - -
Net cash provided by (used for) noncapital
financing activities (8) (18,407) 3,758 - -
Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (1,826) (6,849) (2,605) - - Principal payments on capital debt - (7,624) - (5,580) (1,060) Interest payments on capital debt - (4,085) - (140) (2,316) Principal payments on IT subscription liabilities - (492) - - - Intere
st payments on IT subscription liabilities - (8) - - -
Transfers in from other funds - 30 - 2,657 3,373
Transfers out to other funds - (20,729) - (30) -
Capital contributions received 2,401 - - - -
Receipts from leases - 42 - - -
Collection of interest from leases - 12 - - -
Net cash provided by (used for) capital and
related financing activities 575 (39,703) (2,605) (3,093) (3) Cash flows from investing activities:

Collection of interest and investment revenue 1,420 14,132 - 43 3 Net increase (decrease) in cash and cash equivalents 1,987 17,839 - (3,050) - Cash and cash equivalents, beginning of year 52,255 226,109 - 3,050 - Cash and cash equivalents, end of year 54,242$ 243,948$ -$ -$ -$ Reconciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City -$ 234,990$ -$ -$ -$
Cash and investments held by fiscal agent - 79 - - -
Restricted cash and investments held by City 54,242 8,240 - - - Restricted cash and investments held by fiscal agent - 639 - - - Total cash and cash equivalents, end of year 54,242$ 243,948$ -$ -$ -$

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174

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2025
(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
Loan made to water agency
Intergovernmental revenue received
Net cash provided by (used for) noncapital
financing activities
Cash flows from capital and related financing activities:

Acquisition and construction of capital assets
Principal payments on capital debt
Interest payments on capital debt
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
-$ -$ -$ -$ 134,943$
- - - - (21,600)
- - - - (52,469)
- - - - (210)
- - - - 60,664
197 - - - -
- - - - 302
- - - - (15,218)
(197) - - - -
- - - - (1,000)
- - - - 1,259
- - - - (14,657)
- - - - (11,280)
(6,152) (1,050) - - (21,466)
(2,088) (4,151) (1,259) - (14,039)
- - - - (492)
- - - - (8)
8,240 5,197 1,229 (20,726) -
- - - 20,726 (33)
- - - - 2,401
- - - - 42
- - - - 12
- (
4) (30) - (44,863)
- 4 1 - 15,603
- - (29) - 16,747
- 1 29 - 281,444
-$ 1$ -$ -$ 298,191$
-$ -$ -$ -$ 234,990$
- 1 - - 80
- - - - 62,482
- - - - 639
-$ 1$ -$ -$ 298,191$
(continued)

Page 2 of 4 ends

175

Operating income (loss) (392)$ 40,275$ (1,412)$ (7,608)$ (1,105)$ Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation/amortization expense 392 17,826 231 7,608 1,105 Amortization of intangible assets - 615 - - -
Special item 13,400
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net - (3,209) - - -
Settlement receivable - (7,327) - - -
Inventories - (530) - - -
Prepaid items - 343 - - -
Accounts payable - 44 28 - -
Accrued payroll - 320 - - -
Accrued compensated absences - 152 - - -
Accrued claims and judgments - 44 - - -
Deposits - (1) - - -
Unearned revenue - 126 - - -
Net pension liability and related deferred outflows/inflows of resources - 873 - - - Net OPEB liability and related defer red outflows/inflows of resources - (1,080) - - - Deferred inflows related to leases - (54) - - -
Net cash provided by (used for) operating activities -$ 61,817$ (1,153)$ -$ -$ Noncash investing, capital and financing activities:

Contributions of capital assets -$ 2,355$ -$ -$ -$
Amortization of bond premium and discount - 624 - 128 329 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 572 2,744 666 - - Loss on disposition of capital assets - - - 2,347 -
Right-to-use IT subscription assets obtained in exchange for liab ilities - 603 - - - (continued)

Page 3 of 4 ends

176

City of Sacramento
Water Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2025
(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
Special item
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net
Settlement receivable
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 resource s
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
Loss on disposition of capital assets
Right-to-use IT subscription assets obtained in exchange for liab ilities Drinking Water 2020 Water 2023 Water Total
SRF Loan Revenue Refunding Revenue Refunding Water
Fund Bonds Fund Bonds Fund Eliminations Fund
(3,162)$ -$ -$ -$ 26,596$
3,162 - - - 30,324
- - - - 615
13,400
- - - - (3,209)
- - - - (7,327)
- - - - (530)
- - - - 343
- - - - 72
- - - - 320
- - - - 152
- - - - 44
- - - - (1)
- - - - 126
- - - - 873
- - - - (1,080)
- - - - (54)
-$ -$ -$ -$ 60,664$
-$ -$ -$ -$ 2,355$
- - 165 - 1,246
- (165) - - (493)
- - 169 - 169
- - - - (
23)
- - - - 3,982
- - - - 2,347
- - - - 603

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178

WASTEWATER FUND

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179

City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2025
(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 - $ 66,228$ -$ -$
Receivables, net:

Accounts 195 13,669 - -
Intergovernmental - - 1,093 -
Interest - 503 - -
Due from other funds - 851 - -
Inventories - 78 - -
Total current assets 195 81,329 1,093 -
Noncurrent assets:

Restricted assets:

Cash and investments held by City 7,077 - - -
Net pension asset - 241 - -
Capital assets:

Land - 1,138 - -
Buildings and improvements - 42,163 - 12,041
Machinery and equipment - 5,537 382 301
Transmission and distribution systems 23,927 182,110 11,508 21,135 Construction in progress - 2,229 1,008 62
Software - 621 - 97
Intangible right-to-use IT subscriptions - 363 - -
Less: accumulated depreciation/amortization (1,088) (104,520) (692) (4,871) Total noncurrent assets 29,916 129,882 12,206 28,765
Total assets 30,111 211,211 13,299 28,765

DEFERRED OUTFLOWS OF RESOURCES
Loss on refunding of debt - - - -
Pensions - 3,083 - -
OPEB - 390 - -
Total deferred outflows of resources - 3,473 - -

Page 1 of 4 ends

180

City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2025
(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
Net pension asset
Capital assets:

Land
Buildings and improvements
Machinery and equipment
Transmission and distribution systems
Construction in progress
Software
Intangible right-to-use 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
-$ -$ -$ 66,228$
- - - 13,864
- - - 1,093
- - - 503
- - (851) -
- - - 78
- - (851) 81,766
509 - - 7,586
- - - 241
- - - 1,138
4,499 - - 58,703
140 - - 6,360
21,324 - - 260,004
1,789 - - 5,088
2,746 - - 3,464
- - - 363
(2,840) - - (114,011)
28,167 - - 228,936
28,167 - (851) 310,702
- 1,989 - 1,989
- - - 3,083
- - - 390
- 1
,989 - 5,462
(continued)

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181

City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2025
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund

LIABILITIES
Current liabilities:

Accounts payable 237 13,752 242 -
Due to other funds - 851 -
Accrued payroll - 457 - -
Accrued compensated absences - 690 - -
Interest payable - 2 - -
Deposits 20 - -
Accrued claims and judgments - 93 - -
IT subscription liabilities - 63 - -
Revenue and other bonds payable, net - - - -
Total current liabilities 237 15,077 1,093 -
Noncurrent liabilities:

Accrued compensated absences - 1,013 - -
Wastewater fee credits 7,527 - - -
Net OPEB liability - 3,926 - -
IT subscription liabilities - 16 - -
Revenue and other bonds payable, net - - - -
Net pension liability - 15,830 - -
Total noncurrent liabilities 7,527 20,785 - -
Total liabilities 7,764 35,862 1,093 -

DEFERRED INFLOWS OF RESOURCES
Pensions - 277 - -
OPEB - 507 - -
Total deferred inflows of resources - 784 - -

NET POSITION
Net investment in capital assets 15,075 129,337 11,964 28,765 Restricted for:

Capital projects 7,272 - - -
Other programs - - 242 -
Unrestricted - 48,701 - -
Total net position (deficit) 22,347$ 178,038$ 12,206$ 28,765$ (continued)

Page 3 of 4 ends

182

City of Sacramento
Wastewater Fund
Combining Schedule of Net Position
June 30, 2025
(in thousands)

LIABILITIES
Current liabilities:

Accounts payable
Due to other funds
Accrued payroll
Accrued compensated absences
Interest payable
Deposits
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
- - - 14,231
- - (851) -
- - - 457
- - - 690
372 191 - 565
- - - 20
- - - 93
- - - 63
1,321 1,185 - 2,506
1,693 1,376 (851) 18,625
- - - 1,013
- - - 7,527
- - - 3,926
- - - 16
25,213 24,075 - 49,288
- - - 15,830
25,213 24,075 - 77,600
26,906 25,451 (851) 96,225
- - - 277
- - - 507
- - - 784
1,633 (23,271) - 163,
503
- - - 7,272
- - - 242
(372) (191) - 48,138
1,261$ (23,462)$ -$ 219,155$

Page 4 of 4 ends

183

City of Sacramento
Wastewater Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2025
(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 -$ 45,543$ -$ -$
Charge to other agencies for contract services - 1,698 - - Total operating revenues - 47,241 - -
Operating expenses:

Employee services - 16,441 - -
Services and supplies 61 18,066 - -
Depreciation/amortization 238 4,053 143 496
Total operating expenses 299 38,560 143 496
Operating income (loss) (299) 8,681 (143) (496)
Nonoperating revenues (expenses):

Interest and investment revenue 188 3,889 - -
Revenue from other agencies - 18 - -
Interest expense - (3) - -
Loss on disposition of capital assets - - - -
188 3,904 - -
(111) 12,585 (143) (496)
357 1,964 751 -
15 86 - -
(217) (8,778) - -
44 5,857 608 (496)
22,303 172,470 11,598 29,261
- (289) - -
22,303 172,181 11,598 29,261
Total nonoperating revenues (expenses)
Income (loss) before capital contributions and transfers Capital contributions
Transfers in
Transfers out
Changes in net position
Total net position (deficit), beginning of year, as previously reported Change in accounting principle (GASB 101)
Total net position (deficit), beginning of year, as restated Total net position (deficit), end of year 22,347$ 178,038$ 12,206$ 28,765$

Page 1 of 2 ends

184

City of Sacramento
Wastewater Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2025
(in thousands)
Operating revenues:

Charges for services:

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

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

Interest and investment revenue
Revenue from other agencies
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, as previously reported Change in accounting principle (GASB 101)
Total net position (deficit), beginning of year, as restated Total net position (deficit), end of year
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
-$ -$ -$ 45,543$
- - - 1,698
- - - 47,241
- - - 16,441
12 - - 18,139
508 - - 5,438
520 - - 40,018
(520) - - 7,223
14 1 - 4,092
- - - 18
(829) (691) - (1,523)
(179) - - (179)
(994) (690) - 2,408
(1,514) (690) - 9,631
- - - 3,072
2,115 1,748 (3,863) 101
- - 3,863 (5,132)
601 1,058 - 7,672
660 (24,520) - 211,772
- - - (289)
660 (24,520) - 211,483
1,261$ (23,462)$ -$ 219,155$

Page 2 of 2 ends

185

Receipts from customers and users -$ 45,780$ -$ -$
Payments to suppliers (67) (16,934) - -
Payments to employees - (16,428) - -
Claims and judgments paid - (6) - -
Net cash provided by (used for) operating activities (67) 12,412 - - Cash flows from noncapital financing activities:

Interfund cashflow loans - (851) 851 -
Transfers in from other funds 15 86 - -
Transfers out to other funds (217) (4,871) - -
Interfund loan repayments - 458 (458) -
Intergovernmental revenue received - 18 - -
Net cash provided by (used for) noncapital financing activities (202) (5,160) 393 - Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (241) (5,008) (542) - Principal payments on capital debt - - - -
Interest payments on capital debt - - - -
Principal payments on IT subscription liabilities - (92) - - Interest payments on IT subscription liabilities - (4) - - Transfers in from other funds - - - -
Transfers out to other funds - (3,907) - -
Capital contributions received 1,187 - 149 -
Cash re
imbursement for fee credits (686) - - -
Net cash provided by (used for) capital and
related financing activities 260 (9,011) (393) -
Cash flows from investing activities:

Collection of interest and investment revenue 188 3,709 - - Net increase (decrease) in cash and cash equivalents 179 1,950 - - Cash and cash equivalents, beginning of year 6,898 64,278 - - Cash and cash equivalents, end of year 7,077$ 66,228$ -$ -$ Reconciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City -$ 66,228$ -$ -$
Restricted cash and investments held by City 7,077 - - - Total cash and cash equivalents, end of year 7,077$ 66,228$ -$ -$

Page 1 of 4 ends

186

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2025
(in thousands)
Cash flows from operating activities:

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

Acquisition and construction of capital assets
Principal payments on capital debt
Interest payments on capital debt
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
-$ -$ -$ 45,780$
(12) - - (17,013)
- - - (16,428)
- - - (6)
(12) - - 12,333
- - - -
- - - 101
- - - (5,088)
- - - -
- - - 18
- - - (4,969)
(7) - - (5,798)
(975) (1,170) - (2,145)
(1,141) (579) - (1,720)
- - - (92)
- - - (4)
2,115 1,748 (3,863) -
- - 3,863 (44)
- - - 1,336
- - - (686)
(8) (1) - (9,153)
14 1 - 3,912
(6) - - 2,123
515 - - 71,691
509$ -$ -$ 73,814$
-$ -$ -$ 66,228$
509 - - 7,586
509$ -$ -$ 73,814$
(continued)

Page 2 of 4 ends

187

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2025
(in thousands)
Development Grant 2013 Wastewater
Impact Fee User Fee Projects Revenue Bonds
Fund Fund Fund Fund
(299)$ 8,681$ (143)$ (496)$
238 3,941 143 496
112 - -
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 - (1,481) - -
Inventories - 20 - -
Accounts payable (6) 1,112 - -
Accrued payroll - 61 - -
Accrued compensated absences - 30 - -
Accrued claims and judgments - (19) - -
Deposits - 20 - -
Net pension liability and related deferred outflows/inflows of resources - 223 - - Net OPEB liability and related deferred outflows/inflows of resources - (288) - - Net cash provided by (used for) operating activities (67)$ 12,412$ -$ -$ Noncash investing, capital and financing activities:

Contributions of capital assets -$ 1,964$ -$ -$
Amortization of bond premium and discount - - - -
Amortization of bond loss on refunding - - - -
Capital asset acquisitions on accounts payable - 225 242 - Loss on disposition of capital assets - - - -
Fee credit reimbursement accounts payable 237 - - -
(continued)

Page 3 of 4 ends

188

City of Sacramento
Wastewater Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2025
(in thousands)
Reconciliation of operating income (loss) to net
cash provided by (used for) operating activities:

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

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

Accounts receivable, net
Inventories
Accounts payable
Accrued payroll
Accrued compensated absences
Accrued claims and judgments
Deposits
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
2019 Wastewater 2020 Wastewater Total
Revenue Bonds Revenue Refunding Wastewater
Fund Bonds Fund Eliminations Fund
(520)$ -$ -$ 7,223$
325 - - 5,143
183 - - 295
- - - (1,481)
- - - 20
- - - 1,106
- - - 61
- - - 30
- - - (19)
- - - 20
- - - 223
- - - (288)
(12)$ -$ -$ 12,333$
-$ -$ -$ 1,964$
296 - - 296
- (116) - (
116)
- - - 467
179 - - 179
- - - 237

Page 4 of 4 ends

189

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PAGE INTENTIONALLY LEFT BLANK
190

COMMUNITY CENTER FUND

THIS

PAGE INTENTIONALLY LEFT BLANK
191

City of Sacramento
Community Center Fund
Combining Schedule of Net Position
June 30, 2025
(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 37,616 $ -$ -$ -$ 37,616$ Receivables, net:

Taxes 4,792 - - - 4,792
Accounts 3,513 - - - 3,513
Interest 294 - - 14 308
Prepaid items 33 - - - 33
Total current assets 46,248 - - 14 46,262
Noncurrent assets:

Restricted assets:

Cash and investments held by City - 2,231 598 - 2,829
Cash and investments held by fiscal agent 2,203 3,246 - 2,040 7,489 Net pension asset 699 699
Capital assets:

Land 20,071 - - - 20,071
Buildings and improvements 113,190 - - - 113,190
Machinery and equipment 4,913 - - - 4,913
Construction in progress 7,833 295,629 19,517 49,666 372,645 Software 59 - - - 59
Intangible right-to-use lease buildings 1,599 1,599
Intangible right-to-use IT subscriptions 228 - - - 228 Less: accumulated depreciation/amortization (76,740) - - - (76,740) Total noncurrent assets 74,055 301,106 20,115 51,706 446,982 Total assets 120,303 301,106
20,115 51,720 493,244

DEFERRED OUTFLOWS OF RESOURCES
Pensions 2,609 - - - 2,609
OPEB 348 - - - 348
Total deferred outflows of resources 2,957 - - - 2,957

Page 1 of 2 ends

192

LIABILITIES
Current liabilities:

Accounts payable 3,227 21 - - 3,248
Due to other funds 250 - - - 250
Accrued payroll 321 - - - 321
Accrued compensated absences 336 - - - 336
Interest payable 6 1,066 - 140 1,212
Unearned revenue 2,143 - - - 2,143
Accrued claims and judgments 28 - - - 28
Lease liabilities 120 120
IT subscription liabilities 29 - - - 29
Revenue and other bonds payable, net - 7,275 - 1,219 8,494 Total current liabilities 6,460 8,362 - 1,359 16,181
Noncurrent liabilities:

Accrued compensated absences 531 - - - 531
Advances from other funds 4,371 - - - 4,371
Net OPEB liability 167 - - - 167
Lease liabilities 1,416 1,416
IT subscription liabilities 68 - - - 68
Revenue and other bonds payable, net - 273,808 - 48,600 322,408 Net pension liability 10,867 - - - 10,867
Total noncurrent liabilities 17,420 273,808 - 48,600 339,828 Tot
al liabilities 23,880 282,170 - 49,959 356,009

DEFERRED INFLOWS OF RESOURCES
Pensions 176 - - - 176

NET POSITION
Net investment in capital assets 71,484 22,287 19,517 2,416 115,704 Unrestricted 27,720 (3,351) 598 (655) 24,312
Total net position 99,204$ 18,936$ 20,115$ 1,761$ 140,016$ )

Page 2 of 2 ends

193

City of Sacramento
Community Center Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2025
(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 2,804$ -$ -$
Rents and concessions 12,262 - -
Total operating revenues 15,066 - -
Operating expenses:

Employee services 9,524 - -
Services and supplies 15,951 882 -
Depreciation/amortization 1,436 - -
Claims and judgments 72 - -
Total operating expenses 26,983 882 -
Operating loss (11,917) (882) -
Nonoperating revenues (expenses):

Interest and investment revenue 2,267 113 310
Transient occupancy taxes 35,228 - -
Interest expense (154) (11,780) (142)
37,341 (11,667) 168
25,424 (12,549) 168
- 15,139 3,471
(22,405) - -
3,019 2,590 3,639
96,304 16,346 16,476
(119) - -
96,185 16,346 16,476
Total nonoperating revenues (expenses)
Income (loss) before transfers
Transfers in
Transfers out
Changes in net position
Total net position, beginning of year, as previously reported Change in accounting principle (GASB 101)
Total net position, beginning of year, as restated
Total net position, end of year 99,204$ 18,936$ 20,115$

Page 1 of 2 ends

194

City of Sacramento
Community Center Fund
Combining Schedule of Revenues,
Expenses and Changes in Net Position
For the Fiscal Year Ended June 30, 2025
(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, beginning of year, as previously reported Change in accounting principle (GASB 101)
Total net position, beginning of year, as restated
Total net position, end of year
2019 STID
Assessment Total
Revenue Community
Bonds Fund Eliminations Center Fund
-$ -$ 2,804$
- - 12,262
- - 15,066
- - 9,524
- - 16,833
- - 1,436
- - 72
- - 27,865
- - (12,799)
133 - 2,823
- - 35,228
(1,569) - (13,645)
(1,436) - 24,406
(1,436) - 11,607
2,690 (18,610) 2,690
- 18,610 (3,795)
1,254 - 10,502
507 - 129,633
- - (119)
507 - 129,514
1,761$ -$ 140,016$

Page 2 of 2 ends

195

City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2025
(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 14,390 $ -$ -$
Payments to suppliers (16,569) (882) -
Payments to employees (9,360) - -
Claims and judgments paid (58) - -
Net cash used for operating activities (11,597) (882) - Cash flows from noncapital financing activities:

Transient occupancy taxes 34,828 - -
Transfers out to other funds (2,695) - -
Interfund loan repayments (250) - -
Net cash provided by noncapital financing activities 31,883 - - Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (533) (70) (48) Principal payments on capital debt - (1,900) (4,025)
Interest payments on capital debt - (12,889) (155)
Principal payments on lease liabilities (63) - -
Interest payments on lease liabilities (20) - -
Principal payments on IT subscription liabilities (52) - - Interest payments on IT subscription liabilities (4) - - Transfers in from other funds - 15,139 3,471
Transfers out to other funds (19,710) - -
Net cash provided by (used for) capital and related financing activities (20,382) 280 (757) Cash flows from investing activities:

Collection of interest and investment revenue 2,170 113 310 Net increase (decrease) in cash and cash equivalents 2,074 (489) (447) Cash and cash equivalents, beginning of year 37,745 5,966 1,045 Cash and cash equivalents, end of year 39,819$ 5,477$ 598$ Reconciliation of cash and cash equivalents
to the Schedule of Net Position:

Cash and investments held by City 37,616$ -$ -$
Restricted cash and investments held by City - 2,231 5 98 Restricted cash and investments held by fiscal agent 2,203 3,246 - Total cash and cash equivalents, end of year 39,819$ 5,477$ 598$

Page 1 of 4 ends

196

City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2025
(in thousands)
Cash flows from operating activities:

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

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

Acquisition and construction of capital assets
Principal payments on capital debt
Interest payments on capital debt
Principal payments on lease liabilities
Interest payments on lease liabilities
Principal payments on IT subscription liabilities
Interest payments on IT subscription liabilities
Transfers in from other funds
Transfers out to other funds
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
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
-$ -$ 14,390$
- - (17,451)
- - (9,360)
- - (58)
- - (12,479)
- - 34,828
- - (2,695)
- - (250)
- - 31,883
- - (651)
(1,010) - (6,935)
(1,732) - (14,776)
- - (63)
- - (20)
- - (52)
- - (4)
2,690 (18,610) 2,690
- 18,610 (1,100)
(52) - (20,911)
133 - 2,726
81 - 1,219
1,959 - 46,715
2,040$ -$ 47,934$
-$ -$ 37,616$
- - 2,829
2,040 - 7,489
2,040$ -$ 4
7,934$
(continued)

Page 2 of 4 ends

197

Operating loss (11,917)$ (882)$ -$
Adjustments to reconcile operating loss to
net cash used for operating activities:

Depreciation/amortization expense 1,436 - -
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net (1,227) - -
Prepaid items (33) - -
Accounts payable (585) - -
Accrued payroll 82 - -
Accrued compensated absences 88 - -
Accrued claims and judgments 14 - -
Unearned revenue 551 - -
Net pension liability and related deferred outflows/inflows of resources 76 - - Net OPEB liability and related deferred outflows/inflows of resources (82) - - Net cash used for operating activities (11,597)$ (882)$ -$ Noncash investing, capital and financing activities:

Amortization of bond premium and discount -$ 1,101$ -$ Capital asset acquisitions on accounts payable 239 21 - Right-to-use lease assets obtained in exchange for liabilities 1,599 - - (continued)

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198

City of Sacramento
Community Center Fund
Combining Schedule of Cash Flows
For the Fiscal Year Ended June 30, 2025
(in thousands)
Reconciliation of operating los
s to net
cash used for operating activities:

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

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

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

Amortization of bond premium and discount
Capital asset acquisitions on accounts payable
Right-to-use lease assets obtained in exchange for liabilities 2019 STID
Assessment Total
Revenue Community
Bonds Fund Eliminations Center Fund
-$ -$ (12,799)$
- - 1,436
- - (1,227)
- - (33)
- - (585)
- - 82
- - 88
- - 14
- - 551
- - 76
- - (82)
-$ -$ (12,479)$
159$ -$ 1,260$
- - 260
- - 1,599

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

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

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

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201

City of Sacramento
Internal Service Funds
Combining Statement of Net Position
June 30, 2025
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
ASSETS
Current assets:

Cash and investments held by City 47,436$ 96,899$ 144,335$ Cash and investments held by fiscal agent - 816 816
Receivables, net:

Accounts 142 12,645 12,787
Interest 327 577 904
Due from other funds - 11,159 11,159
Prepaid items 15,790 - 15,790
Total current assets 63,695 122,096 185,791
Noncurrent assets:

Advances to other funds - 24,636 24,636
Capital assets:

Buildings and improvements 7,454 - 7,454
Machinery and equipment 813 - 813
Vehicles 231,585 - 231,585
Software 256 - 256
Intangible right-to-use lease buildings - 216 216
Intangible right-to-use IT subscriptions 418 165 583
Less: accumulated depreciation/amortization (139,931) (190) (140,121) Total noncurrent assets 100,595 24,827 125,422
Total assets 164,290 146,923 311,213

DEFERRED OUTFLOWS OF RESOURCES
Pensions 1,980 1,364 3,344
OPEB 388 123 511
Total deferred outflows of resources 2,368 1,487 3,855

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202

City of Sacramento
Internal Service Funds
Combining Statement of Net Position
June 30, 2025
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds

LIABILITIES
Current liabilities:

Accounts payable 4,278 647 4,925
Accrued payroll 257 188 445
Accrued compensated absences 358 259 617
Interest payable 6 - 6
Unearned revenue - 221 221
Accrued claims and judgments 119 39,693 39,812
Lease liabilities - 42 42
IT subscription liabilities 71 - 71
Total current liabilities 5,089 41,050 46,139
Noncurrent liabilities:

Accrued compensated absences 344 470 814
Net OPEB liability 4,371 449 4,820
Accrued claims and judgments - 111,652 111,652
Lease liabilities - 108 108
IT subscription liabilities 271 - 271
Net pension liability 11,813 7,085 18,898
Total noncurrent liabilities 16,799 119,764 136,563
Total liabilities 21,888 160,814 182,702

DEFERRED INFLOWS OF RESOURCES
Pensions 6 1 7
OPEB 636 5 641
Total deferred inflows of resources 642 6 648

NET POSITION
Net investment in capital assets 97,981 41 98,022
Unrestricted 46,147 (12,451) 33,696
Total net position (deficit) 144,128$ (12,410)$ 131,718$

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City of Sacramento
Internal Service Funds
Combining Statement of Revenues, Expenses
and Changes in Net Position
For the Fiscal Year Ended June 30, 2025
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Operating revenues:

Charges for services:

User fees and charges 63,549$ 72,094$ 135,643$
Miscellaneous 8 - 8
Total operating revenues 63,557 72,094 135,651
Operating expenses:

Employee services 8,937 6,077 15,014
Services and supplies 28,410 6,761 35,171
Depreciation/amortization 17,651 94 17,745
Insurance premiums - 19,822 19,822
Claims and judgments 97 40,660 40,757
Total operating expenses 55,095 73,414 128,509
Operating income (loss) 8,462 (1,320) 7,142
Nonoperating revenues (expenses):

Interest and investment revenue 2,722 5,413 8,135
Revenue from other agencies - 32 32
Insurance and other claim recoveries - 3,257 3,257
Interest expense (6) (4) (10)
Gain on disposition of capital assets 395 - 395
3,111 8,698 11,809
11,573 7,378 18,951
- 16 16
(1,849) - (1,849)
9,724 7,394 17,118
134,545 (19,710) 114,835
(141) (94) (235)
134,404 (19,804) 114,600
Total nonoperating revenues (expenses)
Income before transfers
Transfers in
Transfers out
Changes in net position
Total net position (deficit), beginning of year, as previously reported Change in accounting principle (GASB 101)
Total net position (deficit), beginning of year, as restated Total net position (deficit), end of year 144,128$ (12,410)$ 131,718$ 205

City of Sacramento
Internal Service Funds
Combining Statement of Cash Flows
For the Fiscal Year Ended June 30, 2025
(in thousands)
Total
Fleet Risk Internal
Management Management Service
Fund Fund Funds
Cash flows from operating activities:

Receipts from interfund services provided 64,185$ 160,949$ 225,134$ Payments to suppliers (29,047) (115,798) (144,845) Payments to employees (9,911) (5,800) (15,711)
Claims and judgments paid (80) (36,764) (36,844)
Net cash provided by operating activities 25,147 2,587 27,734 Cash flows from noncapital financing activities:

Transfers in from other funds - 16 16
Transfers out to other funds (1,804) - (1,804)
Collections on interfund loans - 9,134 9,134
Loans made to other funds - (10,909) (10,909)
Intergovernmental revenue received - 32 32
Net cash used for noncapital financing activities (1,804) (1,727) (3,531) Cash flows from capital and related financing activities:

Acquisition and construction of capital assets (29,765) - (29,765) Proceeds from sale of capital assets 1,211 - 1,211
Principal payments on lease liabilities - (32) (32)
Principal payments on IT subscription liabilities (76) (55) (131) Interest payments on IT subscription liabilities - (5) (5) Transfers out to other funds (45) - (45)
Net cash used for capital and related financing activities (28,675) (92) (28,767) Cash flows from investing activities:

Collection of interest and investment revenue 2,626 5,192 7,818 Net increase (decrease) in cash and cash equivalents (2,706) 5,960 3,254 Cash and cash equivalents, beginning of year 50,142 91,755 141,897 Cash and cash equivalents, end of year 47,436$ 97,715$ 145,151$ Reconciliation of cash and cash equivalents
to the Statement of Net Position:

Cash and investments held by City 47,436$ 96,899$ 144,335$ Cash and inv
estments held by fiscal agent - 816 816
Total cash and cash equivalents, end of year 47,436$ 97,715$ 145,151$

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206

Operating income (loss) 8,462$ (1,320)$ 7,142$
Adjustments to reconcile operating income (loss) to net cash provided by operating activities:

Depreciation/amortization expense 17,585 94 17,679
Amortization of intangible assets 66 - 66
Nonoperating claims and judgments - (5,034) (5,034)
Changes in assets, liabilities, and deferred outflows and inflows of resources:

Accounts receivable, net (1) 1 -
Accounts payable (985) (378) (1,363)
Accrued payroll 10 29 39
Accrued compensated absences (110) 55 (55)
Accrued claims and judgments 17 8,930 8,947
Unearned revenue - 17 17
Net pension liability and related deferred outflows/inflows of resources 449 313 762 Net OPEB liability and related deferred outflows/inflows of resources (346) (120) (466) Net cash provided by operating activities 25,147$ 2,587$ 27,734$ Noncash investing, capital and financing activities:

Decrease in prepaid items for capital assets 1,441$ -$ 1,441$ Capital asset acquisitions on accounts payable 2,272 - 2,272 Right-to-use lease assets obtained in exchange for liabilities - 77 77 Right-to-use IT subscription assets obtained in exchange for liabilities 418 - 418

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

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

ASSESSMENT DISTRICTS & COMMUNITY FACILITIES DISTRICTS
FUND is used to account for s pecial 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, 2025
(in thousands)
Assessment Total
Individual Districts & Other
Investment Communit y Custodial
Accounts Facilities Districts Funds
ASSETS
Cash and investments held by City 110,286$ 14,237$ 124,523$ Cash and investments held by fiscal agent - 7,132 7,132 Receivables, net:

Accounts - 9 9
Interest 391 61 452
Special assessments - 353 353
Restricted assets:

Cash and investments held by City - 4,807 4,807
Cash and investments held by fiscal agent - 22,468 22,468 Total assets 110,677 49,067 159,744

LIABILITIES
Due to bondholders - 49,067 49,067

NET POSITION
Held for individuals, organizations, and other governments 110,677$ -$ 110,677$ 209
City of Sacramento
Other Custodial Funds
Combining Statement of Changes in Fiduciary Net Position For the Fiscal Year Ended June 30, 2025
(in thousands)
Assessment Total
Individual Districts & Other
Investment Community Custodial
Accounts Facilities Districts Funds
Additions:

Deposits 2,292$ -$ 2,292$
Special assessments - 18,556 18,556
Fines, forfeits, and penalties - 4 4
Capital contributions - 10,467 10,467
Investment income:

From investment activities:

Net appreciation in fair value of investments 3,355 - 3,355 Interest 3,188 1,701 4,889
Total investment income 6,543 1,701 8,244
Total additions 8,835 30,728 39,563
Deductions:

Withdrawals 45,033 - 45,033
Paid to bondholders - 27,750 27,750
Administrative expenses - 2,978 2,978
Total deductions 45,033 30,728 75,761
Changes in net position (36,198) - (36,198)
Net position, beginning of year 146,875 - 146,875
Net position, end of year 110,677$ -$ 110,677$
210

Statistical
Section

These schedules contain trend in for
mation to help the reader understand how the City’s
financial performance and condition have changed over time.

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

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

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

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

Operating Information
These schedules contain servic e and infrastructure data to help the reader understand how the information in the City’s financial report relates to the serv ices the City provides and the activities it performs.
211
Statistical Section
This part of the City’s Annual Comprehensive Financial Report pr esents detailed information as a context for unders tanding 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
City of Sacramento
Net Position by Component (1) (2) (3) (4)
Last Ten Fiscal Years
(accrual basis accounting, in thousands)
2016 2017 2018 2019 2020
Governmental activities
Net investment in capital assets 1,497,796 $ 1,296,493 $ 1,335,576 $ 1,267,837 $ 1,318,817 $ Restricted for:

Capital projects 80,054 119,131 136,831 166,705 191,919 Debt service 1,203 872 606 686 537
Public works programs 20,521 18,866 24,750 27,792 29,972 Economic development programs 16,888 16,251 44,920 48,878 46,954 Ambulance services 1,085 - - - -
Other programs 28,381 23,645 26,786 39,380 60,466 Trust and endowments:

Expendable 8,008 8,545 8,656 9,197 8,547
Nonexpendable 878 878 878 878 878
Unrestricted (581,697) (443,845) (667,254) (606,222) (612,827) Total governmental activities net position 1,073,117$ 1,040,836$ 911,749$ 955,131$ 1,045,263$ Business-type activities
Net investment in capital assets 785,353$ 807,004$ 869,183$ 925,128$ 1,166,785$ Restricted for:

Capital projects 40,772 39,155 38,473 40,411 47,256 Debt service - - - - 401
Other programs 2,203 2,607 2,633 2,963 2,929
Unrestricted 123,842 150,049 124,001 138,742 (44,579) Total business-type activities net position 952,170$ 998,815$ 1,034,290$ 1,107,244$ 1,172,792$ Primary government
Net investment in capital assets 2,283,149$
2,103,497$ 2,204,759$ 2,192,965$ 2,485,602$ Restricted for:

Capital projects 120,826 158,286 175,304 207,116 239,175 Debt service 1,203 872 606 686 938
Public works programs 20,521 18,866 24,750 27,792 29,972 Economic development programs 16,888 16,251 44,920 48,878 46,954 Ambulance services 1,085 - - - -
Other programs 30,584 26,252 29,419 42,343 63,395 Trust and endowments:

Expendable 8,008 8,545 8,656 9,197 8,547
Nonexpendable 878 878 878 878 878
Unrestricted (457,855) (293,796) (543,253) (467,480) (657,406) Total primary government net position 2,025,287$ 2,039,651$ 1,946,039$ 2,062,375$ 2,218,055$ Notes: (1) Fiscal year 2017 beginning net position was restated due to the implementation of GASB 75. (2) GASB 87 was implemented in fiscal year 2022, and beginning net position has not been restated. (3) GASB 96 was implemented in fiscal year 2023, and beginning net position has not been restated. (4) Fiscal year 2025 beginning net position was restated due to the implementation of GASB 101.

Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year
212

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City of Sacramento
Net Position by Component (1) (2) (3) (4)
Last Ten Fiscal Years
(accrual basis accounting, in thousands)
2021 2022 2023 2024 2025
Governmental activities
Net investment in capital assets 1,360,966 $ 1,370,530 $ 1,346,924 $ 1,408,509 $ 1,460,079 $ Restricted for:

Capital projects 214,188 223,243 260,988 269,677 287,606 Debt service 401 907 1,086 1,083 1,341
Public works programs 29,598 35,497 39,396 39,465 50,066 Economic development programs 49,537 55,545 72,326 79,416 81,352 Ambulance services - - - - -
Other programs 61,142 67,600 71,766 81,521 108,965 Trust and endowments:

Expendable 9,934 10,249 10,331 11,168 11,674 Nonexpendable 878 578 586 595 598
Unrestricted (596,900) (407,418) (414,118) (442,055) (445,798) Total governmental activities net position 1,129,744$ 1,356,731$ 1,389,285$ 1,449,379$ 1,555,883$ Business-type activities
Net investment in capital assets 1,167,408$ 937,751$ 952,381$ 972,422$ 985,382$ Restricted for:

Capital projects 43,253 45,942 58,741 60,852 62,135 Debt service - - - - -
Other programs 2,200 2,594 22,020 38,114 51,174 Unrestricted 1,279 268,651 271,835 308,714 368,311 Total business-type activities net position 1,214,140$ 1,254,938$ 1,304,977$ 1,380,102$ 1,467,002$ Primary government
Net investment in capital assets 2,528,374$
2,308,281$ 2,299,305$ 2,380,931$ 2,445,461$ Restricted for:

Capital projects 257,441 269,185 319,729 330,529 349,741 Debt service 401 907 1,086 1,083 1,341
Public works programs 29,598 35,497 39,396 39,465 50,066 Economic development programs 49,537 55,545 72,326 79,416 81,352 Ambulance services - - - - -
Other programs 63,342 70,194 93,786 119,635 160,139 Trust and endowments:

Expendable 9,934 10,249 10,331 11,168 11,674 Nonexpendable 878 578 586 595 598
Unrestricted (595,621) (138,767) (142,283) (133,341) (77,487) Total primary government net position 2,343,884$ 2,611,669$ 2,694,262$ 2,829,481$ 3,022,885$ Notes: (1) Fiscal year 2017 beginning net position was restated due to the implementation of GASB 75. (2) GASB 87 was implemented in fiscal year 2022, and beginning net position has not been restated. (3) GASB 96 was implemented in fiscal year 2023, and beginning net position has not been restated. (4) Fiscal year 2025 beginning net position was restated due to the implementation of GASB 101.

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

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City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2016 2017 2018 2019 2020
Expenses
Governmental activities
General government 59,037 $ 59,033 $ 100,625 $ 116,282 $ 152,791 $ Police 164,750 176,955 199,746 203,303 233,686 Fire 137,859 146,693 160,216 169,819 179,626 Public works 121,184 106,328 122,340 132,958 125,025 Economic development (2) 13,049 13,397 - - -
Convention and cultural services 24,139 20,380 21,066 30,907 20,615 Youth, parks, and community enrichment 53,911 50,156 55,518 61,225 66,885 Community development 36,251 41,726 50,879 60,466 74,398 Community response (3) - - - - -
Library 16,294 16,122 17,376 18,687 19,822
Interest on long-term debt 30,404 27,626 23,144 23,454 24,341 Total governmental activities expenses 656,878 658,416 750,910 817,101 897,189 Business-type activities
Water 73,150 80,176 87,745 99,029 104,542
Wastewater 25,348 29,075 28,251 33,059 32,461
Storm drainage 40,971 40,479 41,199 40,186 44,786
Solid waste 47,703 51,693 56,698 57,408 59,176
Community center 17,277 16,607 17,795 27,058 31,298 Parking 14,451 11,955 13,475 14,354 13,997
Child development 5,519 5,743 6,589 6,766 5,594
Total business-type activities expenses 224,419 235,728 251,752 277,860 291,854 Total primary government expenses 881,297$ 894,144$ 1,002,662$ 1,094,961$ 1,189,043$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the departments. (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 Annual Comprehensive Financial Reports Fiscal Year
214

Page 1 of 6 ends

City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2021 2022 2023 2024 2025
Expenses
Governmental activities
General government 259,529 $ 228,155 $ 208,630 $ 173,246 $ 199,607 $ Police 233,883 214,867 257,552 284,283 292,101 Fire 191,814 165,526 200,767 229,749 252,274 Public works 115,565 116,113 137,292 158,275 130,312 Economic development (2) - - - - -
Convention and cultural services 18,398 21,421 29,053 31,401 29,170 Youth, parks, and community enrichment 57,345 67,602 80,719 100,146 90,092 Community development 71,473 64,151 67,398 75,796 99,966 Community response (3) - 10,703 20,314 20,467 22,000 Library 22,173 23,304 24,416 24,744 25,095
Interest on long-term debt 20,635 18,800 26,259 16,903 18,824 Total governmental activities expenses 990,815 930,642 1,052,400 1,115,010 1,159,441 Business-type activities
Water 102,538 101,546 117,007 124,055 134,022 Wastewater 32,436 30,828 35,415 42,455 41,720
Storm drainage 40,942 41,238 48,231 51,743 59,384
Solid waste 64,060 63,228 77,838 72,036 74,118
Community center 25,257 29,456 32,916 38,448 41,510 Parking 11,454 10,675 12,476 14,148 14,733
Child development 3,422 5,626 6,339 6,317 6,989
Total business-type activities expenses 280,109 282,597 330,222 349,202 372,476 Total primary government expenses 1,270,924$ 1,213,239$ 1,382,622$ 1,464,212$ 1,531,917$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the departments. (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 Annual Comprehensive Financial Reports Fiscal Year
215

Page 2 of 6 ends

City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2016 2017 2018 2019 2020
Program Revenues
Governmental activities
Charge for services
General government 7,103 $
6,573$
19,438$ 22,908$ 26,527$
Police 11,022 13,068 12,586 14,550 13,490
Fire 31,204 30,897 42,898 42,866 44,851
Public works 37,179 42,897 50,159 52,901 50,216
Economic development (2) 7,889 9,140 - - -
Convention and cultural services 10,085 10,860 12,456 12,622 10,385 Youth, parks, and community enrichment 13,792 12,954 13,065 13,365 12,429 Community development 27,025 32,428 36,019 38,218 38,646 Total charge for services 145,299 158,817 186,621 197,430 196,544 Operating grants and contributions 35,442 36,938 41,811 55,535 75,897 Capital grants and contributions 122,528 86,856 101,476 98,903 160,395 Total governmental activities
program revenues 303,269 282,611 329,908 351,868 432,836 Business-type activities
Charge for services
Water 98,533 108,867 119,379 127,868 142,041 Wastewater 31,532 34,311 37,596 42,275 44,562
Storm drainage 40,166 40,124 39,512 39,969 40,871
Solid waste 60,253 61,548 63,556 63,664 67,086
Community center 8,782 9,488 9,848 8,726 2,458
Parking 17,646 18,374 19,003 19,735 17,140
Child development 6,073 5,713 6,419 6,547 5,328
Total charge for services 262,985 278,425 295,313 308,784 319,486 Operating grants and contributions 3,435 3,967 2,179 3,300 1,693 Capital grants and contributions 7,433
6,229 23,726 20,457 32,726
Total business-type activities
program revenues 273,853 288,621 321,218 332,541 353,905 Total primary government
program revenues 577,122$ 571,232$ 651,126$ 684,409$ 786,741$ Net (Expense) Revenue
Governmental activities (353,609)$ (375,805)$ (421,002)$ (465,233)$ (464,353)$ Business-type activities 49,434 52,893 69,466 54,681 62,051 Total primary government net expenses (304,175)$ (322,912)$ (351,536)$ (410,552)$ (402,302)$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the departments. (2) The Economic Development function was reallocated to the General Government function in FY18.

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

Page 3 of 6 ends

City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2021 2022 2023 2024 2025
Program Revenues
Governmental activities
Charge for services
General government 28,247 $ 30,628 $ 27,839 $ 28,932 $ 30,614 $ Police 10,468 12,626 12,438 13,362 12,262
Fire 46,867 54,968 49,582 60,800 71,617
Public works 43,245 55,885 57,100 59,859 70,948
Economic development (2) - - - - -
Convention and cultural services 8,823 10,901 12,831 13,256 15,808 Youth, parks, and community enrichment 8,952 12,470 13,319 16,125 17,984 Community development 34,287 35,516 35,562 30,485 40,324 Total charge for services 180,889 212,994 208,671 222,819 259,557 Operating grants and contributions 185,641 234,294 80,189 90,169 98,534 Capital grants and contributions 141,760 110,961 135,186 154,666 179,709 Total governmental activities
program revenues 508,290 558,249 424,046 467,654 537,800 Business-type activities
Charge for services
Water 144,070 136,613 135,399 132,957 145,408 Wastewater 43,829 44,327 44,809 45,871 47,241
Storm drainage 40,848 41,901 61,120 62,606 65,121
Solid waste 73,465 76,221 87,753 93,291 99,126
Community center 196 10,140 13,889 14,640 15,066
Parking 10,403 13,977 16,978 18,725 20,861
Child development 552 4,356 5,592 6,396 6,948
Total charge for services 313,363 327,535 365,540 374,486 399,771 Operating grants and contributions 501 1,864 1,185 4,762 5,057 Capital grants and contributions 18,445
17,162 18,069 25,168 18,606
Total business-type activities
program revenues 332,309 346,561 384,794 404,416 423,434 Total primary government
program revenues 840,599$ 904,810$ 808,840$ 872,070$ 961,234$ Net (Expense) Revenue
Governmental activities (482,525)$ (372,393)$ (628,354)$ (647,356)$ (621,641)$ Business-type activities 52,200 63,964 54,572 55,214 50,958 Total primary government net expenses (430,325)$ (308,429)$ (573,782)$ (592,142)$ (570,683)$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the departments. (2) The Economic Development function was reallocated to the General Government function in FY18.

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

Page 4 of 6 ends

City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2016 2017 2018 2019 2020
General Revenues and Other
Changes in Net Position
Governmental activities
Taxes:

Property taxes 138,354 $ 146,697 $ 156,710 $ 170,439 $ 184,142 $ Utility user taxes 61,404 62,997 62,989 60,128 60,039 Other taxes 70,761 77,608 83,981 105,997 148,998 Sales taxes shared state revenue 67,983 81,296 82,987 93,770 90,970 In-lieu sales tax 14,387 - - - -
Investment earnings (loss) 11,328 9,178 5,593 20,923 19,646 Miscellaneous 12,954 14,221 17,328 14,834 15,743
Gain (loss) on disposition of capital assets - (79,916) - - - Gain on reduction in lease and IT subscription liabilities - - - - - Special items (8,830) - - 7,000 -
Transfers 14,773 31,443 34,525 35,524 34,947
Total governmental activities 383,114 343,524 444,113 508,615 554,485 Business-type activities
Taxes:

Other taxes 21,800 23,866 26,839 29,477 21,504
Investment earnings (loss) 4,428 1,292 1,013 20,020 16,940 Miscellaneous 20 20 37 - -
Gain (loss) on disposition of capital assets - 17 424 1,747 - Gain on lease forgiveness - - - -
-
Special items - - - 2,553 -
Transfers (14,773) (31,443) (34,525) (35,524) (34,947) Total business-type activities 11,475 (6,248) (6,212) 18,273 3,497 Total primary government 394,589$ 337,276$ 437,901$ 526,888$ 557,982$ Change in Net Position
Governmental activities 29,505$ (32,281)$ 23,111$ 43,382$ 90,132$ Business-type activities 60,909 47,180 63,254 72,954 65,548 Total primary government 90,414$ 14,899$ 86,365$ 116,336$ 155,680$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the departments.

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

Page 5 of 6 ends

City of Sacramento
Changes in Net Position (1)
Last Ten Fiscal Years
(accrual basis of accounting, in thousands)
2021 2022 2023 2024 2025
General Revenues and Other
Changes in Net Position
Governmental activities
Taxes:

Property taxes 198,380 $ 211,331 $ 228,337 $ 244,107 $ 255,397 $ Utility user taxes 62,164 65,461 69,529 64,133 70,306 Other taxes 171,808 193,912 182,459 187,227 187,373 Sales taxes shared state revenue 99,325 115,260 115,343 112,422 112,815 In-lieu sales tax - - - - -
Investment earnings (loss) 4,618 (27,883) 11,711 44,372 51,304 Miscellaneous 12,064 15,304 13,377 13,095 15,667
Gain (loss) on disposition of capital assets - - - - - Gain on reduction in lease and IT subscription liabilities - - - 117 - Special items - - - - -
Transfers 18,647 25,995 40,152 41,976 42,901
Total governmental activities 567,006 599,380 660,908 707,449 735,763 Business-type activities
Taxes:

Other taxes 15,545 26,843 31,294 34,254 35,228
Investment earnings (loss) 5 (24,014) 4,399 27,610 32,129 Miscellaneous - - - - -
Gain (loss) on disposition of capital assets 27 - (74) - - Gain on reduction in lease liabilities - - - 23 25

Special items - - - - 13,400
Transfers (18,647) (25,995) (40,152) (41,976) (42,901) Total business-type activities (3,070) (23,166) (4,533) 19,911 37,881 Total primary government 563,936$ 576,214$ 656,375$ 727,360$ 773,644$ Change in Net Position
Governmental activities 84,481$ 226,987$ 32,554$ 60,093$ 114,122$ Business-type activities 49,130 40,798 50,039 75,125 88,839 Total primary government 133,611$ 267,785$ 82,593$ 135,218$ 202,961$ Notes: (1) The expenses reported in the governmental activities and business-type activities are net of indirect charges between the departments.

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

Page 6 of 6 ends

City of Sacramento
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
2016 2017 2018 2019 2020
General Fund
Nonspendable:

Prepaid items 2$ 12$ 45$ - $ 1,279$
Leases - - - - -
Due from other funds - 3,800 3,800 - -
Restricted:

Capital projects 1,860 - - - -
Ambulance service 1,085 - - - -
Other programs 17 17 - - -
Committed:

Economic uncertainty 46,950 49,644 52,700 55,200 55,200 Capital projects 37,526 49,265 37,583 39,995 57,689 Community center theater renovation 8,500 - - - - Housing trust fund - - - - -
Fire programs 5,720 1,386 6,189 9,568 5,635 Pension - - 5,000 13,500 -
OPEB 6,752 5,324 2,619 6,644 4,264 Set-aside for next year's Budget - - - - -
SCXEA labor for FY2020 - - - 4,256 -
Homeless programs 250 - - - -
Gas tax - 2,087 2,087 2,087 -
Other programs 13,953 19,280 37,325 46,052 49,405 Assigned:

Unrealized investment gains 732 - - 381 1,960
Unassigned 26,649 24,739 25,021 32,923 50,007 Total general fund 149,996$ 155,554$ 172,369$ 210,606$ 225,439$ All Other Governmental Funds
Nonspendable:

Prepaid items - $ - $ - $ - $ 5,715$
Leases - - - - -
Noncurrent assets 283 193 98 - -
Permanent fund principal 878 878 878 878 878
Restricted:

Capital projects 138,562 149,664 159,439 183,772 208,205 Debt service 51,691 58,904 28,539 28,119 27,884 Public works programs 14,522 13,152 18,857 22,071 23,618 Economic development programs 16,887 41,548 44,920 48,878 46,954 Other programs 27,793 28,818 35,025 48,003 63,026 Committed:

Economic uncertainty - - - - -
Capital projects 7,017 9,359 18,245 14,407 15,369 Debt service 8,733 19,110 21,543 17,291 11,401 Housing trust fund - - - - -
B Street Theater project 21,360 - - - -

OPEB - - - - -
Set-aside for next year's Budget - - - - -
Other programs 51,024 56,715 40,683 48,473 62,167 Assigned:

Debt service 2,547 2,406 2,008 2,700 2,968 Unrealized investment gains 40 - - 51 675
Other programs 60 - 360 18 170
Unassigned (19,657) (18,037) (22,656) (18,503) (33,465) Total all other governmental funds 321,740$ 362,710$ 347,939$ 396,158$ 435,565$ Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year
220

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City of Sacramento
Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
2021 2022 2023 2024 2025
General Fund
Nonspendable:

Prepaid items 1,084$ 1,767$ 756$ 449$ 424$ Leases - 1,032 1,743 1,959 2,129 Due from other funds - - - - -
Restricted:

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

Economic uncertainty 58,499 61,310 72,534 74,613 74,613 Capital projects 57,417 50,410 58,540 53,795 58,203 Community center theater renovation - - - - -
Housing trust fund - 1,000 1,000 - -
Fire programs 7,438 8,426 14,999 25,088 25,088 Pension - - - - -
OPEB 6,828
5,727 6,072 6,095 7,876
Set-aside for next year's Budget 5,500 20,891 26,500 10,443 26,850 SCXEA labor for FY2020 - - - - -
Homeless programs - - - - -
Gas tax - - - - -
Other programs 72,809 133,367 131,163 123,702 112,416 Assigned:

Unrealized investment gains 103 - - - -
Unassigned 30,315 44,080 11,172 30,304 27,503 Total general fund 239,993$ 328,010$ 324,479$ 326,448$ 335,102$ All Other Governmental Funds
Nonspendable:

Prepaid items 8,783$ 10,267$ 29$
16$
14$

Leases - 40 109 152 200
Noncurrent assets - - - - -
Permanent fund principal 578 578 578 578 578
Restricted:

Capital projects 230,323 241,218 282,956 292,340 315,323 Debt service 22,722 21,629 22,919 23,317 23,564 Public works programs 21,141 21,293 21,885 19,326 26,903 Economic development programs 49,537 55,545 72,326 79,416 81,352 Other programs 60,517 65,955 79,938 90,682 117,586 Committed:

Economic uncertainty 449 1,046 1,773 1,773 1,773 Capital projects 23,523 19,180 23,874 23,835 22,065 Debt service 12,157 11,802 9,987 9,844 11,082 Housing trust fund 15,000 904 600 - -
B Street Theater project - - - - -
OPEB - 290 465 495 628
Set-aside for next year's Budget - 1,971 4,000 2,158 - Other programs 55,672 86,392 76,262 76,708 76,533 Assigned:

Debt service 2,270 2,017 2,056 3,065 2,739 Unrealized investment gains 51 - - - -
Other programs 63 - - - 508
Unassigned (32,460) (29,423) (45,591) (49,061) (65,881) Total all other governmental funds 470,326$ 510,704$ 554,166$ 574,644$ 614,967$ Source: City of Sacramento Annual Comprehensive Financial Reports Fiscal Year
221

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City of Sacramento
Changes in Fund Balances, Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
Fiscal Year
2016 2017 2018 2019 2020
Revenues
Taxes 365,482 $ 382,155 $ 406,011 $ 434,759 $ 489,569 $ Intergovernmental 128,190 73,082 80,415 97,658 114,274 Charges for services 89,765 105,446 121,368 131,609 131,135 Fines, forfeits and penalties 12,720 11,429 12,643 16,397 13,309 Interest, rents, and concessions 15,221 14,220 10,794 24,907 20,718 Community service fees 16,460 29,740 30,654 30,651 29,072 Assessment levies 43,475 44,339 47,048 52,476 50,080
Contributions and donations 35,820 33,637 14,253 49,053 36,603 Miscellaneous 2,761 383 731 718 974
Total revenues 709,894 694,431 723,917 838,228 885,734 Expenditures
General government 34,197 41,413 72,772 85,272 117,640
Police 152,245 159,572 169,273 182,538 203,980 Fire 119,814 127,970 136,161 144,043 159,771 Public works 42,194 45,457 49,841 51,289 47,350
Convention and cultural services 11,738 12,838 14,372 15,117 13,459 Economic development (1) 9,871 13,270 - - -
Youth, parks, and community enrichment (2) 37,801 38,707 38,615 40,866 45,791 Community development 34,110 40,499 45,787 54,342 67,128 Community response(3) - - - - -
Library 14,771 14,903 16,421 17,732 18,867
Utilities 701 1,583 2,034 2,495 3,555
Citywide and community support 47,961 48,435 46,576 42,827 50,691 Capital outlay 337,817 82,465 90,397 79,175 103,790 Debt service
Principal 16,481 28,677 48,445 56,284 21,308
Interest and fiscal charges 24,822 28,555 24,529 24,818 24,501 Bond issuance costs 5,483 49 1,415 116 1
Payment to refunded bond escrow 38,052 - - - -
Subtotal - debt service 84,838 57,281 74,389 81,218 45,810 Total Expenditures 928,058 684,393 756,638 796,914 877,832 Excess (deficiency) of revenues over
(under) expenditures (218,164) 10,038 (32,721) 41,314 7,902 Other financing sources (uses)
Transfers in 306,810 66,386 70,558 69,931 74,660 Transfers out (270,358) (31,871) (35,801) (33,114) (37,657) Issuance of long-term debt 401,943 1,976 8 1,325 5,452 Premium on long-term debt 13,972 - - - -
Payments to refunded bond escrow (133,931) - - - - Total other financing sources (uses) 318,436 36,491 34,765 38,142 42,455 Special items (8,830) - - 7,000 3,883
Changes in fund balances 91,442$ 46,529$ 2,044$ 86,456$ 54,240$ Debt service as a percentage of
n
oncapital expenditures 12.71% 9.27% 10.61% 10.56% 5.70% Note: (1) The Economic Development function was reallocated to the General Government function in FY18. (2) The Department of
Parks and Recreation has been renamed to the Department of Youth, Parks, and Community Enrichment in FY19. (3) The Department of Community Response was created in FY22.

Source: City of Sacramento Annual Comprehensive Financial Reports

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222

F
iscal Year
2021 2022 2023 2024 2025
Revenues
Taxes 533,811$ 587,137$ 597,288$ 607,804$ 626,609$ Intergovernmental 237,428 292,186 144,284 206,487 204,239 Charges for services 120,468 133,686 139,033 130,885 152,514 Fines, forfeits and penalties 7,630 10,264 9,450 10,156 15,178 Interest, rents, and concessions 10,101 (17,897) 17,562 43,852 50,662 Community service fees 27,217 25,076 31,251 23,463 31,933 Assessment levies 52,000 56,515 60,583 65,901 69,868
Contributions and donations 52,877 11,636 25,340 7,066 44,138 Miscellaneous 1,250 12,543 1,317 139 554
Total revenues 1,042,782 1,111,146 1,026,108 1,095,753 1,195,695 Expenditures
General government 222,591 170,394 143,461 130,633 139,912 Police 211,307 223,613 235,276 246,243 259,468 Fire 168,103 180,143 192,220 206,827 234,236 Public works 51,040 53,547 60,666 63,279 63,483
Convention and cultural services 12,415 14,554 21,636 23,274 20,600 Economic development (1) - - - - -
Youth, parks, and community enrichment (2) 41,878 49,652 55,084 72,404 61,467 Community development 68,404 64,395 61,028 67,166 92,785 Community response(3) - 10,446 19,680 19,874 21,394
Library 21,218 22,349 23,472 23,809 24,160
Utilities 3,882 4,137 4,862 5,998 5,472
Citywide and community support 51,632 58,583 58,755 68,834 75,996 Capital outlay 130,426 156,249 120,518 171,936 153,619 Debt service
Principal 26,228 33,864 22,154 28,650 27,189
Interest and fiscal charges 21,661 19,784 27,227 17,899 19,788 Bond issuance costs - - - - -
Payment to refunded bond escrow - - - - -
Subtotal - debt service 47,889 53,648 49,381 46,549 46,977 Total Expenditures 1,030,785 1,061,710 1,046,039 1,146,826 1,199,569 Excess (deficiency) of revenues over
(under) expenditures 11,997 49,436 (19,931) (51,073) (3,874) Other financing sources (uses)
Transfers in 106,614 86,090 91,695 95,754 105,111 Transfers out (80,551) (59,045) (49,889) (36,346) (60,049) Issuance of long-term debt 11,255 51,914 18,056 14,112 7,789 Premium on long-term debt - - - - -
Payments to refunded bond escrow - - - - -
Total other financing sources (uses) 37,318 78,959 59,862 73,520 52,851 Special items - - - - -
Changes in fund balances 49,315$ 128,395$ 39,931$ 22,447$ 48,977$ Debt service as a percentage of
noncapi
tal expenditures 5.10% 5.49% 4.95% 4.48% 4.30%
Note: (1) The Economic Development function was reallocated to the General Government function in FY18. (2) The Department of Parks
and Recreation has been renamed to the Department of Youth, Parks, and Community Enrichment in FY19. (3) The Department of Community Response was created in FY22.

Source: City of Sacramento Annual Comprehensive Financial Reports

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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 Utility
Year Property (2) Sales & Use (3) Users Others Total
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 2025 255,834 247,520 70,306 52,949 626,609 Notes: (1) In lieu sales tax is reported as property tax. (2) Includes residual property tax from redevelopment agency dissolution. (3) Includes Measure U local sales and use tax.

Sources: (A)Source: City of Sacramento Annual Comprehensive Financial Reports (B) Finance Department, City of Sacramento
224
City of Sacramento
Tax Revenues by Source, Governmental Funds (1)
Last Ten Fiscal Years
(modified accrual basis of accounting, in thousands)
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 Total Exemptions Value 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 2025 72,524,002 2,972,439 10,501 75,506,942 432,343 75,074,599 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) 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
(2)
225

City of Sacramento
Direct and Overlapping Property Tax Rates (1)
Per $100 of Assessed Value
Last Ten Fiscal Years
Basic
Fiscal County,
Year End City, and County of Special
June 30 School Levy (2) Sacramento Schools Districts Total 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
2025 1.0000 __ 0.1517 __ 1.1517
Notes : (1) Data is stated at full value as required under Article XIII-A of the Constitution of the State of California.
(2) This 1.00% is shared by all taxing agencies for which the subject property resides within.

Source: County of Sacramento, Office of Auditor/Controller 226

City of Sacramento
Principal Property Taxpayers
Current Fiscal Year and Nine Years Ago
(in thousands)
Percentage Percentage
o
f Total of Total
Assessed Assessed Assessed Assessed
Taxpayer Valuation Rank Valuation Valuation Rank Valuation Sacramento Kings 389,298$ 1 0.52 % - -
Oakmont Properties ALIRA LLC 344,620 2 0.46
BRE Depot Park LLC 253,506 3 0.34 - -
AS LSTE East Owner LLC 250,928 4 0.33 - - CA Sacramento Commons LLC 226,002 5 0.30 - - Kaiser Foundation Health Plan INC. 225,944 6 0.27 - - HP Hood LLC 204,464 7 0.27 94,529$ 7 0.23 % SRI Eleven 601 Capitol Mall LLC 184,472 8 0.25 - - PW Fund B LP 183,368 9 0.24 - -
PF Portfolio 1 LP 169,844 10 0.23 - -
Hines VAF II Sacramento - - 289,139 1 0.71
CIM Sacramento LP - - 198,501 2 0.49
Arden Fair Associates - - 144,415 3 0.35
621 Capitol Mall LLC - - 127,878 4 0.31
500 Capitol Mall LLC - - 123,978 5 0.30
300 Capitol Association NF LP - - 102,000 6 0.25 Dignity Health - - 86,008 8 0.21
Target Corp - - 81,626 9 0.20
Homecoming at Creekside LLC - - 75,712 10 0.19 2,432,446 3.21 1,323,786 3.24
All other taxpayers 72,642,153 96.79 39,573,998 96.76 Total 75,074,599$ 100.00 % 40,897,784$ 100.00 % Source: County of Sacramento, Office of Auditor/Controller 20162025
227

City of Sacramento
Property Tax Levies and Collections
Last Ten Fiscal Years
(in thousands)
Fiscal
Year Taxes Levied Collection
Ended for the Percentage in Subsequent Percentage
June 30 Fiscal Year (1)
Amount of Levy Year (4)
Amount of Levy
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% 2025 251,099 (2) (3) 248,717 99.05% 2,382 251,099 100.00% Notes: (1) Property taxes in 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 from Sacramento County; amount provided is an estimate. (3) Includes residual property taxes resulting from the redevelopment agency dissolution. (4) Receipts from County's August distribution covering remaining levies not collected as of June 30 each year.

Source: City of Sacramento, Finance Department
Collected within the
Fiscal Year of the Levy Total Collections to Date
228

THI

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229
City of Sacramento
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(in thousands, except Population and Per Capita)
Total
Fiscal Revenue Notes IT Revenue Notes IT Primary
Year Bonds Payable Leases(7) Subscriptions(8) Bonds Payable Leases(7) Subscriptions(8) Government 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 1,165 10,260 765,573 136,812(6) 1,870 1,462 1,240,111 2024 (9)
426,510 15,954 1,191 12,882 732,031 130,875(6) 1,724 1,432 1,191,724 2025 408,868 15,796 3,986 9,830 702,673 124,102 3,110 1,282 1,269,647 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 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.

Business-Type 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.

Governmental Activities
Notes payable includes State Revolving Fund (SRF) Loan of $139 million related to the Accelerated 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.

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230
Percentage
Fiscal of Personal Per
Year Income Population Capita
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
2025 NA 527,979 2,405
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 In 2022, GASB Statement No. 87 was implemented and the term Leases replaced the term Capital Leases.

In 2023, GASB 96 was implemented related to IT subscriptions In 2024, $21 million of refunding bonds were issued.

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

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

Notes payable includes State Revolving Fund (SRF) Loan of $139 million related to the Accelerated Meter Installation and Pipe Replacement Program Z14010000.

Page 2 of 2 ends

City of Sacramento
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
(in thousands, except Population and Per Capita)
231
City of Sacramento
Ratios of Net General Bonded Debt Outstanding
Last Ten Fiscal Years
(in thousands, except Population and Per Capita)
Total Gross Amounts Total Net Net
General Restricted fo r General Actual Taxable Bonded
Fiscal Obligation Principal Obligation Value of Debt Per Year Bonds Repayments Bonds Property Population Capita
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 -
2025 - - - 75,074,599 0.00% 527,979 -
Source: City of Sacramento Annual Comprehensive Financial Reports and the County of Sacramento.

Percentage of
Actual Taxable
Value of
Property
232
City of Sacramento
Direct and Overlapping Governmental Activities Debt (1) As of June 30, 2025
(in thousands)
Estimated
Total Share of
Governmental Unit Debt Overlapping
Outstanding Debt
Overlapping Tax and Assessment Debt:

Los Rios Community College District 356,335$ 27.007 % 96,235$ Elk Grove Unified School District 419,300 11.031 46,253 Natomas Unified School District 358,445 81.186 291,007 Sacramento Unified School District 601,521 85.181 512,382 San Juan Unified School District 673,593 2.776 18,699 Twin Rivers Unified School District:

Twin Rivers Unified School District (former Elementary School District bonds) 73,360 52.579 38,572 Twin Rivers Unified School District (former Grant Joint Union High School District bonds) 272,061 51.671 140,577 Robla School District 86,902 54.335 47,218
City of Sacramento Community Facilities Districts 259,880 100.000 259,880 Elk Grove Unified School District Community Facilities District No. 1 181,266 11.031 19,995 California Statewide Community Development Authority Community Facilities District No. 23-10 16,680 100.000 16,680 California Statewide Community Development Authority Assessment Districts 35,030 100.000 35,030 Sacramento Area Flood Control Agency Consolidated Capital Districts Assessment District 292,885 85.335 249,933 Sacramento Area Flood Control Agency Natomas Local Assessment District 28,615 82.936 23,732 Subtotal - Overlapping Tax and Assessment Debt 1,796,193 Direct and Overlapping General Fund Debt:

Sacramento County General Fund Obligations 91,907 32.374 29,754 Sacramento County Pension Obligation Bonds 308,630 32.374 99,916 Sacramento County Board of Education General Fund Obligations 1,120 32.374 363 Elk Grove Unified School District General Fund Obligations 9,912 11.031 1,093 Sacramento Unified School District General Fund Obligations 45,680 85.181 38,911 Sacramento Metropolitan Fire District General Fund Obligations 6,903 0.014 1 Sacramento Metropolitan Fire District Pension Obligation Bonds 20,200 0.014 3 Arcade Creek Recreation and Park District General Fund Obligations 86 0.982 1 Fulton-El Camino Recreation and Park District General Fund Obligations 839 18.568 156 Subtotal - Direct and Overlapping General Fund Debt 170,198

Total Overlapping Debt 1,966,391
City of Sacramento Direct Debt (2) 438,480
Total Direct and Overlapping Debt 2,404,871$
Note: (1)
Note: (2) City of Sacramento Direct Debt includes bonds, notes payable, lease liabilities and IT subscription liabilities.

Source: Data regarding overlapping debt is obtained from California Municipal Statistics, Inc.

Estimated
Percentage
Applicable
Overlapping governments are those that coincide, at least in part, with the geographical boundaries of the City of Sacramento. This schedule estimates the portion of outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt of each overlapping government. Details regarding the City's outstanding debt can be found in the notes to the financial statements. 233
City of Sacramento
Legal Debt Margin
Last Ten Fiscal Years
(in thousands)
Net Debt Limit - General Amount set aside Total net debt Legal Fiscal Assessed 15% of Obligation for repayment o f applicable to Deb t Year Value Assessed Value Bonds general obligation deb t limit Margin 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% 2025 75,074,599 11,261,190 - - - 11,261,190 0.00% Sources: (A) City of Sacramento Annual Comprehensive Financial Reports. (B) County of Sacramento, Office of Auditor/Controller. percentage of
debt limit
Debt Limit Debt Applicable to Limit
Total net debt
applicable to
the limit as a
234
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235
City of Sacramento
Pledged-Revenue Coverage
Last Ten Fiscal Years
(in thousands)
Fiscal Year Gross Revenue
Less: Operating
Expenses (1)
Net Revenue Principal Interest Coverage
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 2025 145,408 87,873 57,535 14,363 10,069 2.35 Fiscal Year Gross Revenue
Less: Operating
Expenses (1)
Net Revenue Principal Interest Coverage
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
2025 47,241 34,580 12,661 2,145 1,721 3.27
Notes: (1) Total operating expenses is exclusive of depreciation and amortization expense. (2) Debt service requirements include California Department of Public Health Notes Payable, Drinking Water State Revolving Fund Notes Payable, Water Revenue Bonds, Series 2013 and 2017, and Water Revenue Refunding Bonds, Series 2020 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

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236
City of Sacramento
Pledged-Revenue Coverage
Last Ten Fiscal Years
(in thousands)
Fiscal Year Gross Revenue
Less: Operating
Expenses (1)
Net Revenue Principal Interest Coverage
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
2025 65,121 48,142 16,979 101 59 106.12
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
2025 35,228 - 35,228 5,925 13,044 1.86
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
2025 4,117 - 4,117 1,010 1,732 1.50
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 seven years are shown. (4) Debt service requirements include 2019 STID Assessment Revenue Bonds. Therefore, only six years are shown. (5) Due to the classification of TOT and STID revenues as nonoperating revenues, no operating expenses reporte d 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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237
City of Sacramento
Demographic and Economic Statistics for Sacramento County Last Ten Years
Personal Per Education
Income Capita Level
(in millions Personal Median in Years of School Unemploymen t Year Population of dollars) Income Age Schooling Enrollment Rate (A) (B) (C) (D)
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 2025 1,604,745 Not Available (1) Not Available (1) 36 N/A 258,235 5.3 Notes:

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) (1) As of November 25, 2025 the US Bureau of Economic Analysis report on Local Area Personal Income as of March 31 is not available due to the Federal Government shutdown. Data is expected to be released on December 3, 2025. 238
City of Sacramento
Principal Employers
Current Fiscal Year and Nine Years Ago
Percentage Percentage
Employer (A) Employees (A) (1) Rank of Total Employees (A) (1) Rank of Total Employment (B) (2)
Employment (B)
State of California 142,912 1 19.18% 73,676 1 11.22%
University of California, Davis 22,547 2 3.03% N/A N/A N/A Kaiser Permanente 18,903 3 2.54% 8,885 6 1.35%
Sutter Health 17,500 4 2.35% 8,905 5 1.36%
UC Davis Health 17,195 5 2.31% 10,145 3 1.55%
U.S. Government 14,273 6 1.92% 10,007 4 1.52%
Sacramento County 13,653 7 1.83% 11,950 2 1.82%
Dignity Health 8,356 8 1.12% 7,853 7 1.20%
San Juan Unified School District 5,499 9 0.74% N/A N/A N/A City of Sacramento 5,030 10 0.68% 4,300 10 0.66%
Intel Corporation N/A N/A N/A 6,000 8 0.91%
Elk Grove Unified School District N/A N/A N/A 5,863 9 0.89% Notes:
(1) Ranked by number of employees in full-time equivalents. (2) Percentage of total employment is calculated based on Sacramento County's total employment force of 745,000 per Employment Development Department website) in June 2025.

Sources: (A) Sacramento Business Journal, May 31, 2024. List of largest employers in Sacramento County. (B) Employment Development Department, State of California. 20162025
239
PROJECT AREA 2016 2017 2018 2019 2020
Merged Downtown
Secured 2,461,341$ 2,682,975$ 3,294,112$ 3,572,623$ 3,854,509$ Unsecured 124,172 110,587 131,439 147,725 169,620 Utility 748 748 748 696 7
Total 2,586,261$ 2,794,310$ 3,426,299$ 3,721,044$ 4,024,136$ Del Paso Heights
Secured 317,886$ 338,354$ 380,389$ 414,850$ 469,286$ Unsecured 13,621 15,440 14,149 21,771 23,390 Utility 1 1 1 1 -
Total 331,508$ 353,795$ 394,539$ 436,622$ 492,676$ Alkali Flat
Secured 123,251$ 136,555$ 158,376$ 198,843$ 228,034$ Unsecured 2,963 2,996 2,920 3,485 3,582 Total 126,214$ 139,551$ 161,296$ 202,328$ 231,616$ Oak Park
Secured 501,132$ 567,966$ 610,203$ 686,458$ 787,243$ Unsecured 24,938 27,750 28,003 31,947 23,271 Total 526,070$ 595,716$ 638,206$ 718,405$ 810,514$ River District (formerly Richards Blvd)
Secured 393,540$ 404,183$ 413,627$ 444,699$ 474,858$ Unsecured 37,314 34,732 36,120 37,676 35,370 Utility 2,5
91 2,591 2,591 2,464 2,752 Total 433,445$ 441,506$ 452,338$ 484,839$ 512,980$ North Sacramento
Secured 523,526$ 555,437$ 556,306$ 605,147$ 681,316$ Unsecured 36,778 36,563 36,555 43,011 50,625 Utility - - - - 719
Total 560,304$ 592,000$ 592,861$ 648,158$ 732,660$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2) One percent is the maximum tax rate by state law.

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

Page 1 of 4 ends

240
PROJECT AREA 2021 2022 2023 2024 2025
Merged Downtown
Secured 3,927,521$ 3,928,629$ 4,113,421$ 4,414,261$ 4,354,017$ Unsecured 169,037 170,979 174,954 206,081 213,702 Utility 7 7 7 11 11
Total 4,096,565$ 4,099,615$ 4,288,382$ 4,620,353$ 4,567,730$ Del Paso Heights
Secured 510,477$ 547,780$ 598,130$ 643,156$ 673,143$ Unsecured 28,109 28,417 28,240 29,144 34,000 Utility - - - - -
Total 538,586$ 576,197$ 626,370$ 672,300$ 707,143$ Alkali Flat
Secured 250,906$ 256,211$ 277,676$ 288,763$ 301,294$ Unsecured 3,794 2,387 2,569 2,871 3,348 Total 254,700$ 258,598$ 280,245$ 291,634$ 304,642$ Oak Park
Secured 831,901$ 892,936$ 986,212$ 1,086,819$ 1,145,477$ Unsecured 25,615 30,460 30,361 34,957 35,432 Total 857,516$ 923,396$ 1,016,573$ 1,121,776$ 1,180,909$ River District (formerly Richards Blvd)
Secured 535,733$ 570,395$ 634,675$ 692,078$ 768,130$ Unsecured 35,657 38,301 37,076 38,637 42,764 Utility 2,705 2,705 2,705 3,147 3,147 Total 574,095$ 611,401$ 674,456$ 733,862$ 814,041$ North Sacramento
Secured 743,818$ 824,135$ 866,736$ 946,019$ 1,028,890$ Unsecured 57,168 57,816 81,916 111,342 125,203 Utility 719
719 719 735 735
Total 801,705$ 882,670$ 949,371$ 1,058,096$ 1,154,828$ Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2)
One percent is the maximum tax rate by state law.

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

Page 2 of 4 ends

241
PROJECT AREA 2016 2017 2018 2019 2020
Franklin Boulevard
Secured 474,370$ 497,711$ 544,375$ 578,295$ 608,313$ Unsecured 31,565 35,431 34,068 33,800 36,098 Total 505,935$ 533,142$ 578,443$ 612,095$ 644,411$ Stockton Boulevard
Secured 384,262$ 403,482$ 442,555$ 471,634$ 510,666$ Unsecured 16,742 15,941 15,798 18,937 19,758 Total 401,004$ 419,423$ 458,353$ 490,571$ 530,424$ Army Depot
Secured 928,249$ 979,664$ 1,052,144$ 1,130,114$ 1,302,802$ Unsecured 110,209 106,652 111,552 115,208 132,775 Utility 1,072 1,072 1,072 1,072 1,037 Total 1,039,530$ 1,087,388$ 1,164,768$ 1,246,394$ 1,436,614$ 65th Street
Secured 243,684$ 276,299$ 350,567$ 425,730$ 532,239$ Unsecured 14,033 15,339 17,768 22,692 22,321 Utility - - - - 94
Total 257,717$ 291,638$ 368,335$ 448,422$ 554,654$ Railyards
Secured 68,288$ 62,600$ 66,406$ 67,471$ 71,495$ Unsecured 10,940 7,310 7,151 11,438 13,940 Total 79,228$ 69,910$ 73,557$
78,909$ 85,435$
Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2)
One percent is the maximum tax rate by state law.

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

Page 3 of 4 ends

242
PROJECT AREA 2021 2022 2023 2024 2025
Franklin Boulevard
Secured 643,432$ 672,091$ 748,607$ 798,713$ 859,259$ Unsecured 38,111 40,569 49,929 53,967 62,524 Total 681,543$ 712,660$ 798,536$ 852,680$ 921,783$ Stockton Boulevard
Secured 556,549$ 592,937$ 641,363$ 679,010$ 716,357$ Unsecured 23,067 23,646 25,436 28,368 27,086 Total 579,616$ 616,583$ 666,799$ 707,378$ 743,443$ Army Depot
Secured 1,391,639$ 1,475,193$ 1,615,593$ 1,796,202$ 1,877,750$ Unsecured 138,567 150,127 211,999 229,367 249,322 Utility 1,037 1,037 1,037 1,152 1,152 Total 1,531,243$ 1,626,357$ 1,828,629$ 2,026,721$ 2,128,224$ 65th Street
Secured 553,158$ 598,845$ 637,581$ 749,009$ 819,090$ Unsecured 25,276 37,486 39,503 37,974 32,441 Utility 94 94 94 122 122
Total 578,528$ 636,425$ 677,178$ 787,105$ 851,653$ Railyards
Secured 104,469$ 109,005$ 126,886$ 139,788$ 116,694$ Unsecured 15,667 12,508 10,710 5,588 5,506 Total 120,136$ 121,513$ 137,596$
145,376$ 122,200$
Notes: (1) Property is assessed at full cash value upon transfer of title and the assessed value is increased annually by the lesser of the rate of inflation or 2%.
(2)
One percent is the maximum tax rate by state law.

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

Page 4 of 4 ends

243
City of Sacramento
Merged Downtown
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value 500 CAPITOL MALL LLC 158,092 $ 79,046 $ (79,046)$ 8.57% CIM-J STREET HOTEL SACTO, LP (PMC COMM.TRUST) 82,192 41,096 (41,096) 4.46% SVACW 925 LLC 56,202 3,673 (52,529) 5.70%
SVACW 925 LLC 55,100 52,000 (3,100) 0.34%
VALLEJO IMPERIAL VENTURE LIMITED PARTNERSHIP 50,308 25,154 (25,154) 2.73% VALLEJO IMPERIAL VENTURE LIMITED PARTNERSHIP 49,321 24,661 (24,660) 2.67% TONY GIANNONI 45,564 26,000 (19,564) 2.12%
CALIF ASSOC HOSPITALS/HEALTH SYSTEMS CORP 42,068 21,034 (21,034) 2.28% DIPTI LALA 38,586 5,000 (33,586) 3.64%
CALIF ASSN HOSP/HLTH SYM(TSAKOPOULOS FAM LLC/E 37,301 18,651 (18,650) 2.02% Subtotal 614,734 296,315 (318,419) 34.53%
All Other Taxpayers 307,419 144,114 (163,305) 17.71% Total 922,153$ 440,429$ (481,724)$ 52.24% 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, 2025.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2025
244
City of Sacramento
Del Paso Heights
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value 4555 CARMICHAEL LLC 2,794$ 1,676$ (1,118)$ 30.12%
TESLA ENERGY OPERATIONS INC. 317 156 (161) 4.34%
TESLA ENERGY OPERATIONS INC. 309 150 (159) 4.28%
TESLA ENERGY OPERATIONS INC. 292 146 (146) 3.93%
Total 3,712$ 2,128$ (1,584)$ 42.67%
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, 2025.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2025
245
City of Sacramento
Oak Park
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value WALGREENS 123 84 (39) 8.25%
WALGREENS #4136 PPT 123 114 (9) 1.90%
WALGREENS #4170 PPT 114 95 (19) 4.02%
WALGREEN CO 113 87 (26) 5.50%
Total 473$ 3
80$ (93)$ 19.66%
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, 2025.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2025
246
City of Sacramento
River District
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value BERCUT STORAGE 3,842 $ 1,921$ (
1,921)$ 46.46%
CALIBER COLLISION 293 146 (147) 3.56%
Total 4,
135$ 2
,067$ (
2,068)$ 50.01%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2025.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2025
247
City of Sacramento
North Sacramento
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value SEVEN UP BOTTLING 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 17,431 8,716 (8,715) 5.09% SACRAMENTO CA 1 M LLC 17,182 13,576 (3,606) 2.11%
SACRAMENTO HEALTHCARE INVESTORS LP 17,089 8,545 (8,544) 4.99% OMNINET SACRAMENTO JARDINETT LLC/ETAL 9,173 4,587 (4,586) 2.68% KATHLEEN TCHERKOYAN MCSHANE 7,700 4,620 (3,080) 1.80%
OMNINET 5,069 2,534 (2,535) 1.48%
GROCERY OUTLET 4,945 2,473 (2,472) 1.44%
OMNINET 1,847 923 (924) 0.54%
Subtotal 148,348 76,930 (71,418) 41.74%
All Other Taxpayers 22,746 27,375 4,629 -2.71%
Total 171,
094$ 104,305$ (66,789)$ 39.04% 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, 2025.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2025
248
City of Sacramento
Franklin Boulevard
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value GARFIELD BEACH CVS, LLC 8,569 $ 4,285$ (4,284)$ 12.02% MACY'S WEST STORES 5,748 1,947 (3,801) 10.67%
MACY'S WAREHOUSE 5,080 2,700 (2,380) 6.68%
MACY'S WAREHOUSE 5,002 2,600 (2,402) 6.74%
MACY'S INC 3,544 2,199 (1,345) 3.77%
RON HERTEL 3,459 3,095 (364) 1.02%
HP 49TH AVENUE LLC 2,117 1,079 (1,038) 2.91%
HP 49TH AVENUE LLC 2,117 1,058 (1,059) 2.97%
Total 35,
636$ 1
8,963$ (16,673)$ 46.79%
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, 2025.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2025
249
City of Sacramento
Stockton Boulevard
(in thousands)
Percentage
Taxable Assessee's Value of Total
Assessee Value (3) Value (3) Difference Taxable Value STOCKTON PLAZA PARTNERS 19,614 $ 9,700 $ (9,914)$ 28.89% GARFIELD BEACH CVS LLC 7,235 3,617 (3,618) 10.54%
STOCKTON PLAZA PARTNERS 2,894 1,420 (1,474) 4.30%
STOCKTON PLAZA PARTNERS 1,924 940 (984) 2.87%
ROSS DRESS FOR LESS #1837 723 362 (361) 1.05%
ROSS DRESS FOR LESS #1837 686 343 (343) 1.00%
DDS DISCOUNTS #5038 351 175 (176) 0.51%
STARBUCKS COFFEE COMPANY #50884 309 45 (264) 0.77%
DOLLAR TREE STORES #1203 157 79 (78) 0.23%
Subtotal 33,893 16,681 (17,212) 50.16%
All Other Taxpayers 420 1,496 1,076 -3.14%
Total 34,313 $ 18,177$ (16,136)$ 47.03% Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2025.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2025
250
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 109,022$ 95,000$ (14,022)$ 5.31% ACADEMY ON 65TH STATE OWNER LLC 36,712 18,356 (18,356) 6.96% TARGET 31,712 825 (30,887) 11.71%
TARGET 28,859 948 (27,911) 10.58%
TARGET 28,836 855 (27,981) 10.60%
TARGET 28,381 27,354 (1,027) 0.39%
CALIBER BODYWORKS INC #0089 231 116 (115) 0.04%
DOLLAR TREE STORE #3566 98 49 (49) 0.02%
Total 263,851$ 143,503$ (120,348)$ 45.61% Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2025.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2025
251
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 26,221$ 10,488$ (15,733)$ 7.83% SBM REALTY LLC 25,202$ 5,868 (19,334) 9.63%
SBM REALTY LLC 25,153 5,845 (19,308) 9.61%
SBM REALTY LLC 23,941 9,577 (14,364) 7.15%
SBM REALTY LLC 23,012 5,269 (17,743) 8.83%
SBM REALTY LLC 22,992 5,249 (17,743) 8.83%
INDUSTRIAL 2022 LLC 9,515 6,185 (3,330) 1.66%
ALPINE OWNER LLC 9,348 4,443 (4,905) 2.44%
ALPINE OWNER LLC 8,885 4,443 (4,442) 2.21%
ROSS 9832 SACRAMENTO 8,142 4,071 (4,071) 2.03%
Subtotal 182,411 61,438 (120,973) 60.23%
All Other Taxpayers 18,452 10,313 (8,139) 4.05%
Total 200,863$ 71,751$ $ (129,112) 64.28% 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, 2025.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2025
252
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 14,450$ 7,225$ ( 7,225)$ 14.28% CFT NV DEVELOPMENTS LLC 14,370 7,185 (7,084) 19.71%
SIMS METAL MGMT 7,213 3,118 (4,095) 8.09%
SIMS METAL MGMT 5,164 2,582 (2,582) 5.10%
SIMS METAL MGMT 4,903 2,452 (2,451) 4.85%
SIMS METAL MGMT 4,488 2,244 (2,244) 4.44%
Total 50,588$ 24,806$ (25,681)$ 50.77%
Notes: (1) These are outstanding appeals; there is no estimate of outcome. (2) Information for prior years is not readily available and is not statistically significant. (3) Based on Assessor's report "At-Risk Assessed Valuation Through Appeals Process" as of July 1, 2025.

Source: Sacramento County Assessor
Successor Agency Trust Fund
Top 10 Parcels Appealing Assessed Valuation - At Risk of Reduction (1) (2) As of June 30, 2025
253
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) 385,646$ 1 7.81% -$ - CA Sacramento Commons LLC 233,393 2 4.73% - - 500 Capitol Mall LLC 161,254 3 3.27% 133,482 2 5.37% 555 Cap Partners LP 127,563 4 2.58%
GSA Sacramento CA LLC 123,073 5 2.49% 91,373 7 3.68% FGF LLC 115,508 6 2.34% - -
400 CM Owner LLC (Second Street Crossing LLC/ETAL) 111,129 7 2.25% - - Prime US-Park Tower LLC 95,037 8 1.92% - -
SRI Eleven 621 Capitol Mall LLC 95,000 9 1.92% - -
Sac MUBI Hotel LLC 94,428 10 1.91% - -
Hines Sacramento Wells Fargo Center - - 192,500 1 7.75% 621 Capitol Mall LLC - - 129,788 3 5.23%
CIM/980 9th St Sacramento LP - - 119,086 4 4.79%
300 Capitol Associates NF LP - - 114,000 5 4.59%
CIM/J Street Hotel Sacramento LP - - 94,519 6 3.81%
1415 Meridian Plaza Investors LP - - 83,100 8 3.35%
GPT Props Trust - - 79,000 9 3.18%
Capitol Regency LLC - - 75,202 10 3.03%
Subtotal 1,542,031 31.23% 1,112,050 44.77% All Other Taxpayers 3,396,245 68.77% 1,371,595 55.23% Total 4,938,276$ 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 2024-25 Project Area total taxable value.

Source: Sacramento County Assessor
2025 2016
City of Sacramento
Principal Property Taxpayers - Merged Downtown
Current Fiscal Year and Nine Years Ago
254
Successor Agency Trust Fund
(in thousands)
Percentage Percentage
Taxable of Total Taxable of Total
Assessee Value (1) Rank Taxable Value (2) Value Rank Taxable Value Research Properties 6,463$ 1 0.91% 5,460$ 1 1.68%
BM Ventures LLC 6,386 2 0.90% 4,700 2 1.44%
565 Display Way LLC 3,542 3 0.50% - -
John A/Leta K Nichols 1994 Rev Trust 3,404 4 0.48% 2,875 4 0.88% US Rentals Inc. 3,035 5 0.43% 2,564 6 0.79%
Alpine Venture Assets LLC/ETAL 2,991 6 0.42% - -
BM Ventures II LLC 2,857 7 0.40% - -
4555 Carmichael LLC 2,850 8 0.40% - -
Ramon Canyon Associates LP 2,700 9 0.38% 2,969 3 0.91% Proffutt Limited Partnership 2,690 10 0.38%
Garin Elisa R/ETAL - - 2,658 5 0.82%
Proffutt Limited Partnership - - 2,227 7 0.68%
23002 Moulton Parkway LLC - - 1,842 8 0.57%
Terkensha/Associates - - 1,778 9 0.55%
Lundbom Sacramento Realty INVS LP - - 1,562 10 0.48%
Subtotal 36,918 5.19% 28,635 8.79%
All Other Taxpayers 674,222 94.81% 297,115 91.21% Total 711,140$ 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 2024-25 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
2025 2016
255
Successor Agency Trust Fund
(in thousands)
Percentage Percentage
Taxable of Total Taxable of Total
Assessee Value (1) Rank Taxable Value (2) Value Rank Taxable Value Efren R Cota LTD 25,185$ 1 7.99% -$ -
Hearst-Argyle Stations Inc. 18,258 2 5.79% 16,212 2 13.12% Robert Efren Cota Living Trust/Etal 14,804 3 4.69% - - 1000 G Street LLC 13,122 4 4.16% - -
Boys/Girls Club of Greater Sacramento Inc. 5,153 5 1.63% 520-530 9th Street LLC 5,120 6 1.62% - -
1220 E State LLC 3,315 7 1.05% 2,800 5 2.27%
Savant Solutions Holdings LLC 3,224 8 1.02% - -
Felora Corporation 3,017 9 0.96% - -
Ng-Yu Trust 2,503 10 0.79% - -
Blackpine City Flats LLC - - 23,473 1 18.99%
City PK LLC - - 12,359 3 10.00%
Realty Advisors Inc. - - 7,480 4 6.05%
520 Ninth Street - - 2,244 6 1.82%
John Dailey Trust/Charles D. Deloney - - 2,029 7 1.64% GMA Investors LP - - 1,765 8 1.43%
700 E Street Building Partnership - - 1,760 9 1.42%
1001 G State Rehabilitation LP - - 1,520 10 1.23%
Subtotal 93,701 29.72% 71,642 57.96%
All Other Taxpayers 221,626 70.28% 51,965 42.04% Total 315,327$ 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 2024-25 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Alkali Flat
Current Fiscal Year and Nine Years Ago
2025 2016
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 Regents University CA (CY 4422Y LLC) 25,533$ 1 2.08% 10,936$ 3 2.25% University of the Pacific 18,890 2 1.54% 14,184 1 2.92% Rainbow Baking Co of Sac Valley (BBU INC) 14,445 3 1.17% 12,202 2 2.51% Glenn L Evans Trust 10,403 4 0.85% - -
Salvation Army 8,155 5 0.66%
Great Chi Investment LLC 5,600 6 0.46% - -
Crestwood Medical Center Hospital 5,305 7 0.43% 4,492 6 0.92% Security Public Storage 4,694 8 0.38% 3,907 7 0.80%
JJAJ Ventures LP/Ventures JJAJ 4,137 9 0.34% - -
Edmar Invs LLC 3,918 10 0.32% 3,310 8 0.68%
Broadway/Stockton Food Source Inv LLC - - 5,340 4 1.10% CP Howe/Arden LLC/Stockton Blvd Partners LLC - - 4,647 5 0.96% Broadway Triangle LLC - - 2,966 9 0.61%
University of the Pacific McGeorge School of Law - - 2,091 10 0.43% Subtotal 101,080 8.22% 64,075 13.18%
All Other Taxpayers 1,129,044 91.78% 422,032 86.82% Total 1,230,124$ 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 2024-25 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Oak Park
Current Fiscal Year and Nine Years Ago
2025 2016
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 29SC T9 Phase A Property Owner LLC 117,165$
1 14.02% - -
California Almond Growers 115,171 2 13.78% 78,438$ 1 17.68% Bercut-Railyard LLC 42,998 3 5.15% - -
Grove River District LLC 41,898 4 5.01% 35,393 2 7.98% Nome OES LLC 26,500 5 3.17% - -
Raama Investments LLC 18,673 6 2.23%
AK Industrial II LLC 18,571 7 2.22% - -
Bercut Storage LLC 16,814 8 2.01%
Summit 901 B LLC 13,057 9 1.56% - -
Downtown Ford Re LLC 11,445 10 1.37% - -
Mendell Allan/Etal - - 9,462 3 2.13%
Capitol Station 65 LLC - - 8,557 4 1.93%
New Sac Arena Props LLC - - 7,320 5 1.65%
Dos Rios Venture - - 6,434 6 1.45%
JMDH Real Estate Sacramento LLC - - 6,027 7 1.36%
BA Hotel LLC - - 5,892 8 1.33%
Bre/LQ Props LLC - - 5,624 9 1.27%
Vida N Anello Revocable Living Trust - - 5,455 10 1.23% Subtotal 422,292 50.53% 168,602 38.01%
All Other Taxpayers 413,382 49.47% 274,981 61.99% Total 835,674$ 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 2024-25 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - River District
Current Fiscal Year and Nine Years Ago
2025 2016
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 Roseville Life Properties 42,430$ 1 3.80% -$ - One-Sacramento LLC 31,840 2 2.85% - -
PEG Sacramento Hotel LLC 31,137 3 2.79% - -
Costco Wholesale Corporation 30,621 3 2.74%
Veyron/KDP US Leasing LLC 28,440 5 2.55% - -
HS Sacramento Storage LLC 25,204 6 2.26% - -
BLR Apartments LLC 20,041 7 1.80% - -
Omninet Sacramento Jardinette LLC/ETAL 18,861 8 1.69% - - Sacramento CA I MG LLC 18,465 9 1.65% - -
Sacramento Healthcare Investors LP 17,780 10 1.59% - - Westcore West Sac LP - - 36,077 1 6.56%
Seven Up Bottling Company - - 33,618 2 6.12%
Price Company - - 22,234 3 4.04%
North Sacramento Land Company - - 12,687 4 2.31%
McCuen Acoma Street Investors - - 12,284 5 2.23%
Meriliz Incorporated - - 7,959 6 1.45%
Columbia Woodlake LLC - - 7,868 7 1.43%
Sent Expo Pointe LLC - - 7,800 8 1.42%
Recreational Equipment Inc - - 7,765 9 1.41%
Sutter Medical Foundation - - 6,213 10 1.13%
Subtotal 264,819 23.73% 154,505 28.10%
All Other Taxpayers 851,142 76.27% 395,247 71.90% Total 1,115,961$ 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 2024-25 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - North Sacramento
Current Fiscal Year and Nine Years Ago
2025 2016
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 Mulberry Estates LLC 17,319$ 1 1.88% -$ - 3100 52nd Avenue LLC 17,000 2 1.85% - -
6200 Franklin LLC 15,649 3 1.70% 15,404 1 2.99%
ESS CA-TIVS JV CA Reit Sub Limited Partnership 13,357 4 1.45% - - TForce Properties Incorporated 11,587 5 1.26% - -
Rising South Point Owners LLC 10,347 6 1.12% - -
Hillside Apartments LLC 8,941 7 0.97%
Campus Plaza Associates 8,368 8 0.91% - -
Greystone Place Invs LLC 8,109 9 0.88% - -
Sacramento Children's Home (Garfield Beach CVS LLC) 8,000 10 0.87% 4,044 8 0.79% Rosedown Associates LLC - - 6,199 3 1.20%
United States Cold Storage - - 10,413 2 2.02%
Western Village LP - - 4,697 4 0.91%
Extra Space Props Ninety Four Limited Partnership - - 4,452 5 0.86% SEI/PSP Vi Joint Ventures - - 4,374 6 0.85%
Bowling Green Associates - - 4,220 7 0.82%
Con-Way Western Express Inc. - - 3,881 9 0.75%
47th Street Associates LLC - - 3,789 10 0.74%
Subtotal 118,677 12.88% 61,473 11.94%
All Other Taxpayers 802,388 87.12% 453,350 88.06% Total 921,065$ 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 2024-25 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Franklin Boulevard
Current Fiscal Year and Nine Years Ago
2025 2016
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 Stockton Plaza Partners LLC 24,920$
1 3.37% 14,299$ 1 3.74%
Karma Apartments LLC 18,352 2 2.48% - -
EKG Investors LLC 15,425 3 2.09% 9,336 2 2.44%
Sustained Invs LLC 14,877 4 2.01% 4,590 10 1.20%
Wellspace Health 13,785 5 1.87% - -
ESS Ca-Tivs Jv Ca Reit Sub LP 11,366 6 1.54% - -
JMK Family Properties II LP 9,288 7 1.26% - -
Monument Properties Sacramento LLC 8,774 8 1.19% - -
Sustained Invs LLC (Garfield Beach CVS LLC) 7,379 9 1.00% Brittany Arms LLC 7,109 10 0.96% - -
Little Saigon Plaza Sacramento - - 8,000 3 2.09%
John M/Nancy Kehriotis Living Trust - - 7,846 4 2.05% NT Stockton Investors LLC - - 6,950 5 1.82%
ESS Prisa II LLC - - 5,937 6 1.55%
Brittany Arms LLC - - 5,648 7 1.48%
SF Florin LP - - 4,893 8 1.28%
Ralphs Grocery Company - - 4,853 9 1.27%
Subtotal 131,275 17.77% 72,352 18.93%
All Other Taxpayers 607,381 82.23% 309,842 81.07% Total 738,656$ 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 2024-25 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Stockton Boulevard
Current Fiscal Year and Nine Years Ago
2025 2016
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 SBM Realty LLC 51,165$
1 3.89% -$
-
Elder Crk Transfer/Recovery Inc 18,670 2 1.42% 10,366 5 1.03% Watt Elder Creek Holdings LLC 14,056 3 1.07% - -
Pitalo John E 5,531 4 0.42% - -
Hassan/Sons Inc 5,298 5 0.40% - -
BREF2 Elder Creek Road IOS LLC 5,253 6 0.40% - -
Power Inn Business Park LLC 5,089 7 0.39% - -
Fedex Ground Package System Inc 4,512 8 0.34% - -
Elder Creek 18 LLC 4,402 9 0.33% - -
Kennef Estates Housing Associates 4,309 10 0.33% - -
RI Florin Perkins LLC - - 33,338 1 3.32%
US National Leasing LLC - - 27,081 2 2.69%
Engineered Polymer Solutions Inc. - - 14,172 3 1.41%
Central Valley Industrial Core Holdings - - 11,407 4 1.13% Air Products Manufacturing Corporation - - 9,720 6 0.97% A/W Investments LLC - - 9,170 7 0.91%
AFP Inv Partners LLC - - 7,926 8 0.79%
C/S Logistics Sacramento/Tracy LLC - - 7,567 9 0.75%
Massie/Co - - 7,200 10 0.72%
Subtotal 118,285 9.00% 137,947 13.73%
All Other Taxpayers 1,196,334 91.00% 867,093 86.27% Total 1,314,619$
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 2024-25 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - Army Depot
Current Fiscal Year and Nine Years Ago
2025 2016
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 ACEF-Martin Folsom LLC 108,081$ 1 12.66% -$ - Gem Crossings LLC 101,765 2 11.92% - -
NB Element DST 94,073 3 11.02% - -
SSC Sacramento Apartments LLC 82,402 4 9.65% - -
Academy on 65th State Owner LLC 37,446 5 4.39% - -
EPD & BBD Associates LP 35,072 6 4.11% - -
Target Corporation 32,820 7 3.84% 27,114 2 10.88%
Jackson XXXV LLC 24,562 8 2.88% - -
Jackson IV LLC 19,052 9 2.23% 4,315 10 1.73%
Jackson V LLC 18,405 10 2.16% - -
Element Sacramento LLC - - 59,000 1 23.68%
CAV Core Sacramento LLC - - 13,474 3 5.41%
65th St Village LLC - - 11,098 4 4.45%
CPCA 7716 Folsom Blvd LLC - - 7,885 5 3.16%
Dimension Properties LLC - - 6,104 6 2.45%
American River Self Storage LP - - 5,054 7 2.03%
STU Health Revocable Trust/Etal - - 4,791 8 1.92%
2800 Pico Associates LLC - - 4,395 9 1.76%
Subtotal 553,678 64.86% 143,230 57.48%
All Other Taxpayers 299,967 35.14% 105,945 42.52% Total 853,645$ 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 2024-25 Project Area total taxable value.

Source: Sacramento County Assessor
City of Sacramento
Principal Property Taxpayers - 65th Street
Current Fiscal Year and Nine Years Ago
2025 2016
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 Kaiser Foundation Hosps 37,230$ 1 30.72% -$ - Downtown Railyard Venture LLC 21,818 2 18.00% 24,203 1 29.80% CFT NV Developments LLC 13,464 3 11.11% - -
Sims Group USA Corporation 7,797 4 6.43% - -
Sutter HOJ LP 5,629 5 4.64% 3,676 6 4.53%
Ninth & Jefferson Associates LLC 5,483 6 4.52%
1238 Sutter Street LLC 5,400 7 4.46% - -
Sacramento Co Emp Credit Union 5,137 8 4.24% 4,437 4 5.46% PDRA/Company LLC 4,555 9 3.76% 3,848 5 4.74%
930 G Street LLC 3,954 10 3.26% - -
906 Newco LLC - - 12,240 2 15.07%
REA Limited Partnership - - 5,250 3 6.46%
PLF BLDG LLC - - 3,624 7 4.46%
Strumwasser Michael J/Silvia M 3,181 8 3.92%
Bowman/Bay Building Joint Venture - - 2,301 9 2.83%
Legacy Ventures LLC - - 1,354 10 1.67%
Subtotal 110,467 91.16% 64,114 78.94%
All Other Taxpayers 10,718 8.84% 17,104 21.06%
Total 121,185$ 100.00% 81,218$ 100.00% (2) Based on total adjusted 2024-25 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
2025 2016
264
TH

IS PAGE INTENTIONALLY LEFT BLANK
265
Successor Agency Trust Fund
(in thousands)
RDA - All Project Areas
Senior Total
Total Property Tax Net Senio r Debt Subordinat e Total Debt Fiscal Tax Collection AB 129 0 Tax Debt Servic e Debt Debt Servic e Year Increment Fee Pass thru Revenue s Service Coverage Service Service Coverage 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) 2025 113,545 1,754 25,393 86,398 19,293 4.48 4,506 23,799 3.63 (9) Merged Downtown
Senior Total
Total Property Tax Net Senio r Debt Subordinat e Total Debt Fiscal Tax Collection AB 129 0 Tax Debt Servic e Debt Debt Servic e Year Increment Fee Pass thru Revenue s Service Coverage Service Service Coverage 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 2025 43,078 704 7,566 34,808 18,125 1.92 - 18,125 1.92 Del Paso Heights
Senior Total
Total Property Tax Net Senio r Debt Subordinat e Total Debt Fiscal Tax Collection AB 129 0 Tax Debt Servic e Debt Debt Servic e Year Increment Fee Pass thru Revenue s Service Coverage Service Service Coverage 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 2025 7,161 107 1,663 5,391 770 7.00 - 770 7.00 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)
(9)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 $2,381 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.

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.

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.

Page 1 of 4 ends

266
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 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 2025 2,975 46 753 2,176 - - 472 472 4.61 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 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 2025 11,740 176 3,124 8,440 - - - - 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 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 2025 5,640 82 1,453 4,105 - - 225 225 18.24 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.

Page 2 of 4 ends

267
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 2016 2,819$ 40$ 282$ 2,497$ 218$ 11.45 375$ 593$ 4.21 (1) 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 2025 9,007 134 900 7,973 218 36.57 348 566 14.09 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 Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 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 2025 6,098 88 657 5,353 - - - - 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 Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 2016 1,933$ 28$ 526$ 1,379$ 180$ 7.66 149$ 329$ 4.19 (1) 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 2025 5,521 82 1,846 3,593 180 19.96 231 411 8.74 Notes:

NA
(1) Various subordinate debts and a majority of the senior debts were refunded in 2015.

Page 3 of 4 ends

268
Successor Agency Trust Fund
(in thousands)
Army Depot
Senior Total
Total Property Ta x Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 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 2025 15,173 227 4,963 9,983 - - 240 240 41.60 65th Street
Senior Total
Total Property Ta x Net Senior Debt Subordinate Total Debt Fiscal Tax Collection AB 1290 Tax Debt Service Debt Debt Service Year Increment Fee Pass thru Revenues Service Coverage Service Service Coverage 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 2025 7,152 108 2,468 4,576 - - 375 375 12.20 Notes:

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

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270
City of Sacramento
Full-time Equivalent Employees by Function/Program
Last Ten Fiscal Years
Function/Program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Citywide and community support 5 5 5 5 5 7 7 7 6 - Community development 219 227 250 273 288 290 288 315 319 318 Community response - - - - - - 23 (2) 38 37 37 Convention and cultural services 120 116 115 115 115 117 124 123 119 124 Economic development 11 12 - (1) - - - - - - - Fire 674 678 672 681 712 713 718 729 761 761 General government 370 431 512 531 571 576 583 595 602 602 Youth, parks, and community enrichment 599 683 616 619 702 705 724 717 749 710 Police 1,033 1,052 1,030 1,034 1,070 1,098 1,103 1,129 1,131 1,119 Public works 732 725 723 735 736 744 749 766 769 770 Utilities 538 528 546 562 575 570 572 573 582 589 Total 4,301 4,457 4,469 4,555 4,774 4,820 4,891 4,992 5,075 5,030 Notes: (1) The Economic Development function was reallocated to the General Government function in FY18. (2) The Department of Community Response was created in FY22.

Source: City of Sacramento Approved Operating Budgets
271
City of Sacramento
Operating Indicators by Function/Program
Last Ten Fiscal Years
Function/program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Police
Adult arrests 16,778 14,476 13,350 13,975 12,981 12,070 12,842 10,873 10,411 9,001 Citizen initiated calls for service with officer responses 149,275 148,663 152,597 161,914 163,985 153,740 155,159 149,182 145,370 155,199 Fire (1)
Number of incidents 85,742 90,018 92,026 93,836 94,282 99,201 108,924 110,221 108,665 108,035 Number of structure fires 756 735 767 998 1,077 1,522 1,199 1,106 479 570 Number of construction inspection/reviews 4,181 8,268 (2) 10,102 9,830 9,967 8,256 9,517 8,854 10,487 7,146 General services
Number of animal licenses issued 12,016 14,428 23,799 31,507 26,670 (15) 17,155 (15) 15,976 19,126 18,016 19,219 Number of animal outplacements 8,789 9,248 9,589 8,529 7,488 (15) 4,448 (15) 6,256 7,076 7,318 8,690 Public works
Number of traffic investigations completed 896 1,001 1,041 613 611 997 (17) 1,075 920 898 906 Number of parking citations issued 192,708 183,326 197,170 200,338 156,387 (14) 100,244 (12) 113,214 119,807 140,147 199,689 Convention and cultural services
Number of Community Convention Center events (22) 408 430 372 229 38 (13) - (11) 174 (19) 406 (21) 380 272 Community Convention Center event attendance 744,145 905,733 (3) 1,034,980 902,110 155,633 (13) - (11) 446,168 (19) 531,284 (21) 877,152 971,115 Number of Zoo attendance 533,368 500,573 500,535 472,440 357,754 (15) 486,707 (13) 568,311 488,627 484,733 468,404 Youth, parks, and community enrichment
Number of students enrolled in START 4,534 2,785 (4) 711 (6) 477 473 648 (16) 1,770 (18) 456 (20) 500 543 Number of students enrolled in 4th R 1,863 1,180 2,419 (7) 2,250 1,778 (12) 160 (10) 1,484 (18) 1,876 2,686 (23) 2,990 Community development
17,041 18,701 20,582 19,365 18,513 18,556 19,512 19,451 20,201 19,687 778 1,267 1,243 1,809 1,463 1,451 1,351 1,185 1,110 1,114 772 1,644 2,306 2,880 5,325 (8) 3,026 3,163 1,955 3,171 3,122 Number of building permits issued (24)
Building permit valuation (in million of dollars) (24) Vehicles abated by City
Notice and orders issued on housing and dangerous
buildings 239 206 382 369 243 (9) 177 (9) 209 272 241 252 Water
Number of accounts 136,130 139,238 140,735 142,831 144,669 145,769 147,150 148,237 149,069 148,349 Amount distributed/pumped (million of gallons) (14) 27,324 28,511 30,800 28,478 33,845 30,380 30,130 25,884 30,724 33,156 Wastewater
Number of accounts 76,849 77,137 77,521 78,125 78,583 78,932 79,114 79,287 79,424 79,595 Amount distributed/pumped (million of gallons) 10,605 10,605 9,025 6,356 6,619 5,754 6,042 6,360 5,854 5,356 Storm drainage
Number of accounts 137,754 139,198 140,934 142,858 144,168 145,179 146,385 149,005 151,894 153,408 Amount distributed/pumped (million of gallons) (5) 20,225 46,964 18,321 33,624 11,247 7,858 18,921 23,987 19,821 14,683 Solid waste
Residential garbage disposed (in tons) 112,497 118,355 118,437 136,049 129,359 141,185 136,904 127,791 124,650 124,100 Notes: (1) The threshold for investigation of a fire is $30,000. (2) In FY17, the number of construction inspections doubled. (3) In FY17, the number of attendance increased due to increase in events held at the center . (4) 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) (5) Amount of storm drainage distributed/pumped is dependent on rainfall. (6) In FY18, the number of students enrolled in START decreased due to reduced funding and non renewal of 21st century federal grant. (7) 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
(24) Building permit data is run as of the close of each fiscal year. Permits may be withdrawn or voided between the time the data was run and the current day. Amounts are not restated in this schedule for prior fiscal years, as the percentage variance in building permit valuation is immaterial. (17) 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) Increa 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.
(8) 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. (9) 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. (11) 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.
(12) In FY20 and FY21, the decrease in the number of parking citations issued was due to business closures during COVID-19. (13) 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. (23) 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. (10) 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. (20) 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. (21) 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.
(15) 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.
(14) 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. (19) In FY22, after renovation, the Convention Center reopened, thus, there was activity. (22) Number of events includes individual performances. (18) 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. (16) 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 i n
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. 272
Function/program 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Police
Number of stations (1) 4 4 4 4 4 4 4 4 4 4 Police
Number of patrol units (2) 231 234 229 190 195 224 236 265 278 280 Number of aircraft 4 4 5 5 5 5 4 4 5 5 Number of watercraft 2 5 4 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 162 162 162 162 162 166 153 153 140 140 Number of watercraft 1 1 6 6 6 6 6 6 5 7 Public works
Miles of streets 3,059 3,075 3,062 3,118 3,118 3,118 3,118 3,154 3,118 3,198 Number of street lights 42,627 42,914 43,223 43,438 38,985 (12) 39,372 39,604 39,788 40,084 40,087 Number of City public parking spaces (3) 4,775 4,775 4,775 4,775 5,489 (3) 5,620 5,283 5,635 5,635 5,635 Number of City leased parking spaces (9) 2,298 2,298 2,298 2,298 2,349 2,298 2,298 2,298 2,298 2,298 Miles of off-street bikeways 57 57 88 88 88 78 78 78 85 85 Youth, parks, and community enrichment
Number of parks 225 227 227 213 220 230 230 235 235 237 Park acreage (5) 3,183 3,177 3,177 3,340 4,265 (11) 4,829 4,829 4,331 4,358 3,396 Number of community centers (6) 13 13 14 14 14 13 13 13 14 14 27 27 27 27 27 28 28 28 28 28 Water
Miles of water mains and distribution lines (7) (8) 1,599 1,604 1,607 1,603 1,607 1,616 1,635 1,639 1,644 1,645 Sewers and storm drainage
1,869 1,876 1,960 1,961 1,967 1,968 1,967 1,981 1,985 1,985 Off-street parking
7 7 7 7 10 13 12 14 14 14 7 7 7 7 8 7 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) City leased parking spaces is defined as owned by other organizations leased by the City. (10) City leased parking garages, lots and spaces are defined as owned by other organizations leased by the City. (11)
(12)
(13)
Source: Various City of Sacramento Departments
Number of swimming pools (including wading pools)
Miles of sanitary sewers and storm drainage
Number of City public garages and open parking lots (4) The decrease in park acreage is due a change in the calculation method. In the prior years, golf course acreage was included as part of the total. Beginning in FY25, golf course acreage is excluded from park acreage total.

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 (10) 273
City of Sacramento
Miscellaneous Statistics
Current Fiscal Year and Nine Years Ago
Date of incorporation
Date of charter
Date City became State Capitol
Form of government
2025 2016
Number of budgeted positions 5,030 4,300
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) 648/294 663/286 Number of patrol units 280 231
Fire
Number of stations 24 24
Number of fire personnel sworn / unsworn 697/85 620/54
Number of fire protection, support and prevention vehicles 140 162 Utilities
Miles of water mains and distribution lines
(1) 1,645 1,599
Annual water production in gallons 33 billion 27 billion Miles of sanitary sewers and storm drainage 1,985 1,869 Public works
Miles of streets 3,198 3,059
Number of street lights 40,087 42,627
Number of City managed parking lots / spaces 20/4,425 18/4,726 Miles of off-street bikeways 85 57
Boat harbor slips 475 475
Convention and cultural services
Golf courses 6 6
Zoo animals (2) 367 587
Fairytale town attendance for year 194,924 254,863
Crocker Art Museum attendance for year 204,701 277,178
Community Convention Center attendance for year 971,115 744,145 Youth, parks, and community enrichment
Parks 237 225
Park acreage (3) 3,396 3,183
Camp Sacramento attendance for year 2,455 2,931
Community centers 14 13
Neighborhood centers 4 5
Swimming pools 28 12
Baseball fields (4) 99 103
Soccer fields 160 131
Ball courts 248 202
Library
Library branches (5) 28 12
Library books and audiovisual recordings in circulation 1,721,485 1,937,053 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) FY2025 figures include all city and county branches operated by the Sacramento Public Library System. FY2016 figures include only city branches operated by the Sacramento Public Library system. 1921
1849
(4) This includes softball, little league and adult baseball fields. (3) Golf course acreage is not included in this figure. (1) Water mains are pipes over 12" in size. Pipes 12" or less are considered Distribution Lines. Service Mains and Hydrant Mains are excluded.

Council/Manager
1854
274

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, 2025
w
ww.mgocpa.com Macias Gini & O’Connell LLP
500 Capitol Mall, Suite 2200
Sacramento, CA 95814
December 19, 2025
To
the Honorable Mayor and Members of the
City Council of the City of Sacramento, California
We a
re 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, 2025. 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.

I
n addition to the City’s basic financial statements, we audit and separately report on the following financial statements or schedules as of and for the year ended June 30, 2025. These components and fu nds are included in the City’s basic financial statements:
• S
acramento City Employees’ Retirement System (SCERS)
• Cannabis Business Operation Tax (CBOT) Revenue
T
his report is intended solely for the information and use of the Honorable Mayor, Members of the City Council, and management, of the City of Sacramento, California, 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.

S
acramento, California

TABLE OF CONTENTS
Required Communications ........................................................................................................................ 1 Significant Accounting Estimates ............................................................................................................. 4 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 1 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 June 5, 2025. 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 previously issued a separate communication dated June 5, 2025 regarding the planned scope and timing of our audit and identified significant risk.

Accounting Policies and Practices
Preferability of Accounting Policies and Practices
Under 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
Management has the ultimate responsibility for the appropriateness of the accounting policies used by the City. A summary of the significant accounting policies adopted by the City is included in Note 1 to the basic financial statements. As described in Note 1 to the basic financial statements, the City implemented Governmental Accounting Standards Board (GASB) Statement No. 101, Compensated Absences and GASB Statement No. 102, Certain Risk Disclosures. The implementation of GASB Statement No. 101 resulted in the restatement of the beginning net position of $9.6 million as detailed in Note 18 to the basic financial statements. The implementation of GASB Statement No. 102 did not have a significant impact on the City’s basic financial statements.

Significant Accounting Policies
We 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
We did not identify any significant unusual transactions. 2 Management’s Judgments and Accounting Estimates
Summary information about the process used by management 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.

Departure From the Auditor’s Standard Report
Emphasis-of-Matter Paragraph
During the year, the City adopted GASB Statement No. 101, Compensated Absences. In light of this matter, we included the emphasis-of-matter paragraph below in the auditor’s report.

Emphasis of Matter
Effective July 1, 2024, the City adopted the provisions of Governmental Accounting Standards Board Statement No. 101, Compensated Absences. The implementation of GASB Statement No. 101 resulted in the restatement of the beginning net position of $9.6 million as detailed in Note 18 to the basic financial statements. Our opinions are not modified with respect to this matt er.

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 inconsi stent 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
We 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 are not aware of any consultations management had with other accountants about accounting or auditing matters.

Significant Issues Discussed With Management
No significant issues arising from the audit were discussed or were the subject of correspondence with management.

Significant Difficulties Encountered in Performing the Audit We did not encounter any significant difficulties in dealing with management during the audit. 3 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
• AICPA 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
• Timely 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 making 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 m
anagement decisions on behalf of the City.
• Not entering into relationships resulting in close family members of MGO covered persons , t
emporarily 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.

T
he financial and compliance audit of the City’s major federal awards in accordance with the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (Uniform Guidance) is in process and is expected to be issued no later than March 31, 2026.

Significant Written Communications Between Management and Our Firm We have requested certain written representations from management in a letter dated December 19, 2025. 4 SIGNIFICANT ACCOUNTING ESTIMATES
Accounting estimates are an integral part of the preparation of financial statements and are based upon management’s cu rrent judgment. The process used by management encompasses their knowledge and experience about past and current events, and certain assumptions 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:
• Level 1 – Investments whose values are based on quo ted prices (unadjusted) for identical assets in active markets that a government can access at the measurement date.
• Level 2 – Investments whose values are based on inputs – other than quoted prices including prices included within level 1 – that ar e observable for an asset, either directly or indirectly. • 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 on 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 depreciation/amortization expense and determined the estimates were reasonable.
5 Significant Accounting Estimates
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 contributions 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 em ployee 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 right-
to-use lease and
subscription assets and
liabilities
The discount rate used for the calculation of the right-to-use lease and subscription assets and liabilities are based on the City’s estimated incremental borrowing rate which is the estimated interest rate that the City would be charged for entering into lease and subscription agreements.

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 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.
6 Significant Accounting Estimates
Accrued compensated
absences liability
The calculation of the accrued compensated absences liability is based on accumulated employee leave hours at current pay rates, factoring in historical usage pattern and payout, and includes certain salary- related payments that are directly and incrementally associated with payments for leave.

We evaluated the pay rates used, the historical usage pattern and payout, and the salary-related payments 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 w
ww.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 h
ave 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, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated December 19, 2025.

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

A de
ficiency 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.

O
ur 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.

R
eport on Compliance and Other Matters
A
s 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

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s 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.

Sacramento, California
December 19, 2025

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. 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. 103 is effective for the City’s fiscal year ending June 30, 2026.

GASB Statement No. 105,
Subsequent Events
The primary objective of this statement is to improve the financial reporting requirements for subsequent events, thereby enhancing consistency in their application and better meeting the information needs of financial statement users.

Statement No. 105 is effective for the City’s fisc al year ending June 30, 2027.
w
ww.mgocpa.com Macias Gini & O’Connell LLP
500 Capitol Mall, Suite 2200
Sacramento, CA 95814
1 Independent Auditor’s Report
T
o the Honorable Mayor and Members of the
City Council of the City of Sacramento, California
R
eport on the Audit of the Financial Statements
O
pinions
We h
ave audited the financial statements of the governmental activities, the business- type activities, each major fund, and the aggregate remaining fund information of the City of Sacramento, California (City), as of and for the fiscal year ended June 30, 202 5, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

I
n 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 5, and the respective changes in financial position , and, where applicable, cash flow s 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.

B
asis for Opinions
We
conducted 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.

E
mphasis of Matter
Ef
fective July 1, 2024, the City adopted the provisions of Governmental Accounting Standards Board Statement No. 101, Compensated Absences. The implementation of GASB Statement No. 101 resulted in the restatement of the beginning net position of $9.6 million as detailed in Note 18 to the basic financial statements. Our opinions are not modified with respect to this matter.

R
esponsibilities of Management for the Financial Statements Th
e City’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. 2 In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the 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 Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collus ion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

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

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

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management ’s discussion and analysis, the schedule of changes in net pension liability and related ratios – CalPERS Miscellaneous Plan, the schedule of contributions – CalPERS Miscellaneous Plan, the schedule of changes in net pension liability and related ratios – CalPERS Safety Plan, the schedule of contributions – CalPERS Safety Plan, the schedule of changes in net pension liability (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
information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or 3 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 w e obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information

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

Other Information

The C ity’s 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.

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

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards , we have also issued our report dated December 19, 2025, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the 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.

Sacramento, California
December 19, 2025

Budget and Audit CommitteeFebruary 3, 2026

Budget and Audit Committee
February 3, 2026