Salinas City Council
February 24, 2026

2.30%
Varies by category, entry age, and service
398
City of Salinas
Required Supplemental Information (Unaudited)
Schedule of Pension Plan Contributions
City Fire Plans (Continued)

155
Fiscal Year Ended June 30: 2020 2019 2018 2017 2016
Actuarially determined
contribution 5,058,738 $ 4,369,284 $ 5,440,481 $ 5,132,440 $ 4,732,759 $ Contributions in relation to
the actuarially determined
contribution (5,058,738) (4,369,284) (16,741,091) (5,132,440) (4,732,759) Contr ibution deficiency
(excess) -$ - $ (11,300,610)$ - $ - $ Covered payroll 11,013,870$ 10,748,465 $ 9,763,022 $ 9,636,368 $ 9,436,668 $ Contributions as a percentage
of covered payroll 45.93% 40.65% 171.47% 53.26% 50.15%
Notes to Schedule:

Methods and assumptions used to determine contribut ion rates:

Actuarial cost method
Amortization method/period
Asset valuation method
Inflation
Salary increases
Mortality
The actuarial methods and assumption used to set th e actuarially determined contributions for Fiscal Y ear 2025 were derived from the June 30, 2022 funding valuation report.

Entry age normal cost method
Varies by date established and source. May be level dollar or level percent of pay and may include direct rate smoothing
Market value of assets

2.30%
Varies by category, entry age, and service
Derived using CalPERS’ Membership Data for all Fund s. The post-retirement mortality rates include 15 years of projected on-going mortality im provement using 80% of the Society of Actuaries’ Scale MP-2020
399
City of Salinas
Required Supplemental Information (Unaudited)
Schedule of Changes in Net Pension Liability and Related Ratios Single Employer Plan

156
2025 2024 2023 2022 2021
Measurement Period, Year Ended June 30: 2024 2023 2022 2021 2020 T otal Pension Liability
Service Cost 86,971$ 91,735 $ 131,853 $ 345,756 $ 325,385 $ Interest on total pension liability 270,258 274,479 255,632 283,983 506,095 Changes in benefit terms - - - - - Differences between expected and actual
experience - 398,477 - 1,595,858 - Changes in assumptions - (522,172) (533,090) (37,244) 907,299 Benefit payments, including refunds of
employee contributions (443,530) (338,894) (3,218,471) (2,656,129) (9,123,048) Net change in total pension liability (86,301) (96,375) (3,364,076) (467,776) (7,384,269) T otal pension liability - beginning 9,962,372 10,058,747 13,422,823 13,893,599 21,277,868 T otal pension liability - ending (a) 9,876,071$ 9,962,372 $ 10,058,747 $ 13,425,823 $ 13,893,599 $ Plan fiduciary net position
Contributions - employer 192,131$ 2,180,872 $ 190,126 $ 5,695,926 $ 8,030,028 $ Contributions - employee 19,213 18,087 19,012 34,635 52,751 Net investment income 1,218,104 46,143 (486,138) 894,536 338,833 Benefit payments, including refunds of
employee contributions (443,530) (338,894) (3,218,471) (2,656,129) (9,123,048) Administrative expense (15,617) (16,305) (17,057) (18,061) (18,582) Net change in plan fiduciary net
position 970,301 1,889,903 (3,512,528) 3,950,907 (720,018) Plan fiduciary net position - beginning 8,239,722 6,349,819 9,862,347 5,914,440 6,634,458 Plan fiduciary net position - ending (b) 9,210,023$ 8,239,722 $ 6,349,819 $ 9,865,347 $ 5,914,440 $ Net pension liability - ending (a) - (b) 666,048$ 1,722,650 $ 3,708,928 $ 3,560,476 $ 7,979,159 $ Plan fiduciary net position as a percentage
of the total pension liability 93.26% 82.71% 63.13% 73.48% 42.57% Covered payroll 428,805$ 402,079 $ 437,872 $ 768,725 $ 1,176,879 $ Plan net pension liability as a percentage of
covered payroll 155.33% 428.44% 847.03% 463.17% 677.99%

400
City of Salinas
Required Supplemental Information (Unaudited)
Schedule of Changes in Net Pension Liability and Related Ratios Single Employer Plan (Continued)

157
2020 2019 2018 2017 2016
Measurement Period, Year Ended June 30: 2019 2018 2017 2016 2015 T otal Pension Liability
Service Cost 232,193$ 302,184 $ 279,000 $ 336,000 $ 436,000 $ Interest on total pension liability 684,730 679,330 537,000 655,000 676,000 Changes in benefit terms - - - 531,000 - Differences between expected and actual
experience 889,365 - 2,172,000 - - Changes in assumptions 217,496 - (106,000) - - Benefit payments, including refunds of
employee contributions (1,305,661) (199,769) (3,508,000) (87,000) (3,139,000) Net change in total pension liability 718,123 781,745 (626,000) 1,435,000 (2,027,000) T otal pension liability - beginning 20,559,745 19,778,000 20,404,000 18,969,000 20,996,000 T otal pension liability - ending (a) 21,277,868$ 20,559,745 $ 19,778,000 $ 20,404,000 $ 18,969,000 $ Plan fiduciary net position
Contributions - employer 2,919,589$ 1,927,686 $ 1,654,000 $ 1,483,000 $ 1,340,000 $ Contributions - employee 71,806 70,043 69,000 82,000 77,000 Net investment income 503,893 60,254 (506,000) 84,000 (85,000) Benefit payments, including refunds of
employee contributions (1,305,661) (199,769) (3,508,000) (87,000) (3,139,000) Administrative expense (19,188) (54,195) (75,000) (83, 000) (100,000) Net change in plan fiduciary net
position 2,170,439 1,804,019 (2,366,000) 1,479,000 (1,907,000) Plan fiduciary net position - beginning 4,464,019 2,660,000 5,026,000 3,547,000 5,454,000 Plan fiduciary net position - ending (b) 6,634,458$ 4,464,019 $ 2,660,000 $ 5,026,000 $ 3,547,000 $ Net pension liability - ending (a) - (b) 14,643,410$ 16,095,726 $ 17,118,000 $ 15,378,000 $ 15,422,000 $ Plan fiduciary net position as a percentage
of the total pension liability 31.18% 21.71% 13.45% 24.63% 18.70% Covered payroll 1,628,432$ 1,610,679 $ 1,649,359 $ 1,461,000 $ 1,738,432 $ Plan net pension liability as a percentage of
covered payroll 899.23% 999.31% 1037.86% 1052.57% 887.12% 401
City of Salinas
Required Supplemental Information (Unaudited)
Schedule of Pension Plan Contributions
Single Employer Plan

158
Fiscal Year Ended June 30: 2025 2024 2023 2022 2021
Actuarially determined
contribution 971,000$ 558,000 $ 697,000 $ 2,963,000 $ 4,252,000 $ Contributions in relation to
the actuarially determined
contribution (2,213,909) (2,180,872) (145,965) (208,396) (10,212,240) Contribution deficiency
(excess) (1,242,909)$ (1,622,872) $ 551,035 $ 2,754,604 $ (5,960,240) $ Covered payroll 458,504$ 420,593 $ 401,365 $ 463,101 $ 804,977 $ Contributions as a percentage
of covered payroll 482.85% 518.52% 36.37% 45.00% 1268.64% Notes to Schedule:

Methods and assumptions used to determine contribut ion rates:

Actuarial cost method
Amortization method/period
Asset valuation method
Discount rate
Inflation
Salary increases
Mortality

2.5% annually
The probabilities of mortality are based on the Cal PERS Experience Study for the period from 2000 to 2019. Pre-retirement and post-retirement mo rtality rates include 20 years of projected mortality improvement using Scale BB published by t he Actuaries. 1Information only presented from the implementation year The actuarial methods and assumption used to set th e actuarially determined contributions for Fiscal Y ear 2024 were derived from the September 1, 2023 funding valuation report.

Individual aggregate cost method
N/A
Cash value as reported by New York Life Investment Management, LLC

0.0275

0.0225

402
City of Salinas
Required Supplemental Information (Unaudited)
Schedule of Pension Plan Contributions
Single Employer Plan (Continued)

159
Fiscal Year Ended June 30: 2020 2019 2018 2017 2016
Actuarially determined
contribution 4,114,000$ 2,000,000 $ 1,932,000 $ 1,583,000 $ 1,520,000 $ Contributions in relation to
the actuarially determined
contribution (5,573,828) (2,135,107) (1,614,000) (1,571,000) (1,107,000) Contribution deficiency
(excess) (1,459,828)$ (135,107) $ 318,000 $ 12,000 $ 413,000 $ Covered payroll 1,273,326$ 1,664,538 $ 1,693,493 $ 1,796,000 $ 1,872,000 $ Contributions as a percentage
of covered payroll 437.74% 128.27% 95.31% 87.47% 59.13% Notes to Schedule:

Methods and assumptions used to determine contribut ion rates:

Actuarial cost method
Amortization method/period
Asset valuation method
Discount rate
Inflation
Salary increases
Mortality
The actuarial methods and assumption used to set th e actuarially determined contributions for Fiscal Y ear 2024 were derived from the September 1, 2023 funding valuation report .

Individual aggregate cost method
N/A
Cash value as reported by New York Life Investment Management, LLC

0.0275

0.0225

2.5% annually
The probabilities of mortality are based on the Cal PERS Experience Study for the period from 2000 to 2019. Pre-retirement and post-retireme nt mortality rates include 20 years of projected mortality improvement using Scale BB publ ished by the Actuaries. 1Information only presented from the implementation year 403
City of Salinas
Required Supplemental Information (Unaudited)
Schedule of Changes in the City’s Net OPEB Liability

160
2025 2024 2023
For the Measurement Period: 2023-2024 2022-2023 2021-2022 Total OPEB Liability:

Service Cost 774,430$ 825,453 $ 1,043,749 $ Interest on the total OPEB liability 926,135 982,077 849,992 Changes in benefit terms - - - Difference between expected and actual experience - (2,049,364) - Changes in assumptions (142,193) (1,094,099) (3,086,884) Benefit payments (614,476) (739,295) (685,206) Net changes in Total OPEB Liability 943,896 (2,075,228) (1,878,349) Beginning of Year 17,308,909 19,384,137 21,262,486 End of Year 18,252,805$ 17,308,909 $ 19,384,137 $ Plan Fiduciary Net Position:

Employer contribution 621,272$ 996,208 $ 940,051 $ Employee contributions - - - Net investment income (loss) 477,784 248,010 (599,182) Benefit payments (614,476) (739,295) (685,206) Administrative expenses (8,214) (8,095) (5,965) Net changes in Fiduciary Net Position 476,366 496,828 (350,302) Beginning of Year 4,350,748 3,853,920 4,204,222 End of Year 4,827,114$ 4,350,748 $ 3,853,920 $ Net OPEB Liability 13,425,691$ 12,958,161 $ 15,530,217 $ Fiduciary Net Position as a % of Total OPEB Liabili ty 26.45% 25.14% 19.88% Covered Payroll 78,487,319$ 72,990,943 $ 69,854,034 $ Net OPEB Liability as a % of Payroll 17.11% 17.75% 22.23% Notes to Sc hedule:

Information is only presented from the implementation year.

Change of assumptions: For the measurement period ended June 30, 2024, the discount rate changed from 5.21% to 5.28%

404
City of Salinas
Required Supplemental Information (Unaudited)
Schedule of Changes in the City’s Net OPEB Liability (Continued)

161
2022 2021 2020 2019 2018
For the Measurement Period: 2020-2021 2019-2020 2018-2019 2017-2018 2016-2017 Total OPEB Liability:

Service Cost 1,639,274$ 1,169,996 $ 1,065,470 $ 1,085,475 $ 1,209,000 $ Interest on the total OPEB liability 884,846 974,493 1,143,094 1,064,391 951,000 Changes in benefit terms - - 574,467 - - Difference between expected and actual experience (4 ,117,866) - (4,138,016) - - Changes in assumptions (4,258,871) 4,678,007 1,474,189 (609,871) (1,765,000) Benefit payments (704,749) (676,514) (945,329) (915,000) (861,000) Net changes in Total OPEB Liability (6,557,366) 6,145,982 (826,125) 624,995 (466,000) Beginning of Year 27,819,852 21,673,870 22,499,995 21,875,000 22,341,000 End of Year 21,262,486$ 27,819,852 $ 21,673,870 $ 22,499,995 $ 21,875,000 $ Plan Fiduciary Net Position:

Employer contribution 959,007$ 931,063 $ 1,195,329 $ 1,165,000 $ 1,111,000 $ Employee contributions - - - - - Net investment income (loss) 897,217 102,633 152,998 159,215 171,000 Benefit payments (704,749) (676,514) (945,329) (915,000) (861,000) Administrative expenses (5,500) (5,988) (541) (3,619) (1,000) Net changes in Fiduciary Net Position 1,145,975 351,194 402,457 405,596 420,000 Beginning of Year 3,058,247 2,707,053 2,304,596 1,899,000 1,479,000 End of Year 4,204,222$ 3,058,247 $ 2,707,053 $ 2,304,596 $ 1,899,000 $ Net OPEB Liability 17,058,264$ 24,761,605 $ 18,966,817 $ 20,195,399 $ 19,976,000 $ Fiduciary Net Position as a % of Total OPEB Liabili ty 19.77% 10.99% 12.49% 10.24% 8.68% Covered Payroll 64,469,561$ 64,146,096 $ 64,026,542 $ 62,965,263 $ 48,821,000 $ Net OPEB Liability as a % of Payroll 26.46% 38.60% 29.62% 32.07% 40.92% Notes to Schedule:

Information is only presented from the implementation year.

Change of assumptions: For the measurement period ended June 30, 2024, the discount rate changed from 5.21% to 5.28% 405
City of Salinas
Required Supplemental Information (Unaudited)
Schedule of OPEB Contributions

162
2025 2024 2023
Actuarially determined contribution 1,654,796 $ 1,603,871 $ 1,733,000 $ Contributions in relation to the
actuarially determined contributions (825,623) (621,272) (996,208) Contribution deficiency (excess) 829,173$ 982,599 $ 736,792 $ Covered payroll 78,487,319$ 72,990,943 $ 69,854,034 $ Contributions as a percentage of
covered payroll 1.05% 0.85% 1.43%
Notes to Schedule:
assumptions used to set the actuarially
Methods and assumptions used to determine contribut ion rates:

ADC for fiscal year 6/30/2025
Actuarial valuation date 6/30/2023
Actuarial cost method Entry-Age Normal Cost Method
Asset valuation method Actuarial value of assets
Inflation 2.50%
Investment rate of return 6.25%
Healthcare cost trend rate Non-Medicare - 7.90% for 2026, decreasing to an ultimate rate of 3.45% in 2076; Medicare - 5.65% for 2026, decreasing to an ultimate rate of 3.45% in 2076; Projected salary growth and increase Not applicable
Mortality CalPERS 2000-2019 Experience Study
1 Information only presented from the implementation year

406
City of Salinas
Required Supplemental Information (Unaudited)
Schedule of OPEB Contributions (Continued)

163
2022 2021 2020 2019 2018
Actuarially determined contribution 1,687,000$ 1,997,000 $ 1,938,000 $ 2,322,000 $ 2,188,000 $ Contributions in relation to the
actuarially determined contributions (940,051) (959,007) (931,063) (1,195,329) (1,165,000) Contribution deficiency (excess) 746,949$ 1,037,993 $ 1,006,937 $ 1,126,671 $ 1,023,000 $ Covered payroll 67,797,683 $ 64,469,561 $ 64,146,096 $ 64,026,452 $ 51,530,000 $ Contributions as a percentage of
covered payroll 1.39% 1.49% 1.45% 1.87% 2.26%
Notes to Schedule:
assumptions used to set the actuarially
Methods and assumptions used to determine contribut ion rates:

ADC for fiscal year 6/30/2025
Actuarial valuation date 6/30/2023
Actuarial cost method Entry-Age Normal Cost Metho
d
Asset valuation method Actuarial value of assets
Inflation 2.50%
Investment rate of return 6.25%
Healthcare cost trend rate Non-Medicare - 7.90% for 2026, decreasing to an ultimate rate of 3.45% in 2076; Medicare - 5.65% for 2026, decreasing to an ultimate rate of 3.45% in 2076; Projected salary growth and increase Not applicable
Mortality CalPERS 2000-2019 Experience Study
1 Information only presented from the implementation year 407

164
This page left intentionally blank.
408

165

SUPPLEMENTARY INFORMATION
409

166
This page left intentionally blank.
410
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
EXPENDITURES:

Current:

General government 2,988,000$ 11,225,190 $ 2,520,742 $ 8,704,448 $ Public safety - 301,998 152,852 149,146 Public works 3,920,000 27,661,602 5,359,159 22,302,443 Recreation - 3,546,306 1,130,531 2,415,775 Library - 84,852 - 84,852 Capital outlay 11,854,115 87,145,025 19,484,166 86,611,320 Debt Service:

Principal 533,930 533,930 533,705 533,930 Interest and fiscal charges 26,030 26,030 25,921 109 Total expenditures 19,322,075 130,524,933 29,207,076 120,802,023 REVENUES OVER (UNDER) EXPENDITURES (19,322,075) (130,524,933) (29,207,076) (120,802,023) OTHER FINANCING SOURCES (USES):

Transfers in 18,704,000 138,961,302 27,870,450 (111,090,852) Total other financing sources (uses) 18,704,000 138,961,302 27,870,450 (111,090,852) Net change in fund balance (618,075)$ 8,436,369 $ (1,336,626) (9,772,995) $ FUND BALANCE:

Beginning of year 8,490,095
End of year 7,153,469$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Capital Projects Fund
For the Year Ended June 30, 2025
167 411
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Taxes - special assessments 510,000 $ 510,000 $ 501,200 $ (8,800) $ Investment income (loss) 12,000 12,000 16,391 4,391 Total revenues 522,000 522,000 517,591 (4,409) EXPENDITURES:

Current:

General government 15,000 15,000 7,126 7,874 Debt Service:

Principal 155,000 155,000 155,000 155,000 Interest and fiscal charges 304,200 304,200 301,684 2,516 Total expenditures 474,200 474,200 463,810 165,390 REVENUES OVER (UNDER) EXPENDITURES 47,800 47,800 53,781 (169,799) Net change in fund balance 47,800$ 47,800 $ 53,781 5,981 $ FUND BALANCE:

Beginning of year 933,253
End of year 987,034$
Bud
geted Amounts
Monte Bella Debt Service Fund
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - 2019 Special Tax Bond
For the Year Ended June 30, 2025
168 412
Non-Major Non-Major Non-Major Total
Special Debt Capital Non-Major
Revenue Service Projects Governmental
Funds Funds Funds Funds
ASSETS
Cash and investments 61,879,186$ 2,042,663 $ 6,745,115 $ 70,666,964 $ Receivables, net:

Accounts 13,483 - 582,758 596,241 Taxes 29,360 - - 29,360 Interest 1,201,405 6,409 420,117 1,627,931 Due from other agencies 3,396,612 - 1,099,334 4,495,946 Assessments - 45,000 - 45,000 Leases 18,975 - 3,307,506 3,326,481 Restricted cash and investments - 6,338,310 13,287 6,351,597 Loans and notes receivable, net of allowance 51,571 - - 51,571 Land and properties held for resale 1,380,000 - - 1,380,000 Total assets 67,970,592$ 8,432,382 $ 12,168,117 $ 88,571,091 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 231,587$ - $ - $ 231,587$ Accrued liabilities 205,235 - - 205,235 Due to other funds 2,739,499 1,018,962 5,613,106 9,371,567 Unearned revenues 930,869 45,000 - 975,869 Total liabilities 4,107,190 1,063,962 5,613,106 10,784,258

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 654,039 - - 654,039 Related to leases 14,193 - 2,967,094 2,981,287 Total deferred inflows of resources 668,232 - 2,967,094 3,635,326

Fund Balances:

Nonspendable 1,431,571 - - 1,431,571 Restricted 62,320,436 8,080,567 3,587,917 73,988,920 Unassigned (deficit) (556,837) (712,147) - (1,268,984) Total fund balances 63,195,170 7,368,420 3,587,917 74,151,507 Total liabilities, deferred inflows of
resources, and fund balances 67,970,592$ 8,432,382 $ 12,168,117 $ 88,571,091 $ June 30, 2025
City of Salinas
Combing Balance Sheet
Nonmajor Governmental Fund
s
169 413
Non-Major Non-Major Non-Major Total
Special Debt Capital Non-Major
Revenue Service Projects Governmental
Funds Funds Funds Funds
REVENUES:

Taxes 648,806$ - $ - $ 648,806$ Taxes - special assessments - - - - Licenses and permits 97,006 - - 97,006 Intergovernmental 18,042,019 - 7,364,969 25,406,988 Charges for services 1,629,720 - 33,675 1,663,395 Investment income 2,493,166 446,994 295,583 3,235,743 Rental income 310,989 - - 310,989 Fines and forfeitures 258,136 - - 258,136 Miscellaneous 2,159,234 - - 2,159,234 Total revenues 25,639,076 446,994 7,694,227 33,780,297

EXPENDITURES:

Current:

General government 1,224,552 954,805 - 2,179,357 Public safety 4,646,283 - - 4,646,283 Public works 1,569,304 - 188 1,569,492 Recreation 959,621 - - 959,621 Library 318,877 - - 318,877 Capital outlay 252,510 - - 252,510 Debt service:

Principal - 6,189,000 - 6,189,000 Interest and fiscal charges - 4,023,938 - 4,023,938 Bond issuance costs - 63,684 - 63,684 Total expenditures 8,971,147 11,231,427 188 20,202,762

REVENUES OVER (UNDER) EXPENDITURES 16,667,929 (10,784,433) 7,694,039 13,577,535 OTHER FINANCING SOURCES (USES):

Proceeds from issuance of leases - 4,735,000 - 4,735,000 Transfers in 3,305,262 12,004,967 - 15,310,229 Transfers out (10,605,363) - (6,480,570) (17,085,933) Total other financing sources (uses) (7,300,101) 16,739,967 (6,480,570) 2,959,296 NET CHANGE IN FUND BALANCES 9,367,828 5,955,534 1,213,469 16,536,831 FUND BALANCES:

Beginning of year, as previously presented as of June 30, 2024 74,935,717 1,412,886 2,374,448 78,723,051 Change within financial reporting entity:
(nonmajor to major) (21,108,375) - - (21,108,375) Beginning of year, as restated (Note 22) 53,827,342 1,412,886 2,374,448 57,614,676 End of year 63,195,170$ 7,368,420 $ 3,587,917 $ 74,151,507 $ For the Year Ended June 30, 2025
City of Salinas
Combing Statement of Revenues, Expenditures, and Changes in Fund Balances Non-Major Governmental Fund
s
170 414
Special Revenue Funds
Special Revenue Funds are used to account for specific revenues that are legally restricted to expenditure for specified purposes. The Special Revenue Funds used by the City in this report are as follows:

Lighting, Landscape and Maintenance District - This fund accounts for monies received from the various maintenance districts throughout the City. Funds are used to pay for the lighting and landscape maintenance of the respective districts.

Local Public Safety - This fund accounts for monies received from federal and state grants, which are expended to enhance law enforcement services.

Gas Tax - This fund accounts for gas tax revenues received from State apportionments of gasoline taxes. Expenditures are restricted to street maintenance and street improvements. No expenditures are made directly from this fund, but transfers are made to the General Fund for street maintenance and engineering salaries and to the Capital Projects Fund for street improvements based on actual expenditures.

Emergency Medical Services - This fund accounts for monies received from County Service Area (CSA) 74. Funds are used to purchase emergency medical and safety equipment under the capital improvement program.

Asset Seizure - This fund accounts for the proceeds from sale of assets seized primarily from illegal narcotics activity.

These funds are used for law enforcement.

Traffic Safety - This fund accounts for revenues derived from traffic violations whose use is restricted by State statute for traffic safety and street maintenance purposes. No expenditures are made directly from this fund, but transfers are made to the General Fund for traffic safety expenditures and street maintenance.

Vehicle Abatement - This fund accounts for monies allocated by the State to fund the vehicle abatement program.

Cable - This funds accounts for revenues received for public, educational and governmental (PEG) fees from video service providers. Its use is restricted to provide non-commercial public, educational and government channels.

Contributions and Donations - This fund accounts for contributions and donations from different individuals and agencies to the Library, Rec-Park, Fire and Police Department. Use of the funds are restricted for use of the appropriate Department.

Nonmajor Governmental Funds
171
415
Special Revenue Funds (Continued)
KDF Los Padres Dev Social Services - This fund accounts for social services provided by the City of Salinas to lower income residents of the Development. On June 1, 2003, the Salinas Redevelopment Agency, the City of Salinas and the KDF Los Padres, L.P. entered into a loan agreement where loan payments will be collected annually by the City and used to provide recreational and social services to lower income residents of the Development. Term of the loan is 55 years commencing in 2006. Payment will increase by 3% annually.

Measure X Transport Safety & Inv Plan - This fund accounts for revenues allocated by TAMC from the transportation sales and use tax. Expenditures are restricted to road improvements, pothole repairs, street and road maintenance, traffic deduction and regional safety, mobility and walkability.

SB1 Road Maintenance & Rehab & SB1 Traffic Congestion Relief - This fund accounts for gas tax revenues received from State apportionments of an increased tax on gasoline and a new vehicle license fee from Senate Bill 1 (SB 1), the Road Repair and Accountability Act of 2017. Expenditures are restricted to street maintenance and street improvements including facilities for bicycles and pedestrians. No expenditures are made directly from this fund, but transfers are made to the General Fund for street maintenance and engineering salaries and to the Capital Projects Fund for street improvements based on actual expenditures.

SRA Public Improvement Grant - This fund accounts for the use of monies received fro m proceeds of the land sale located in Main Street where the “Taylor Farms” headquarters is constructed and other properties held for re-sale.

Affordable Housing - These funds are used to improve and increase the supply of low income housing within the City.

Grants - This fund accounts for various minor grants received for purposes ranging from library to police operations.

Rent Stabilization - This fund accounts for the monies received from the Residential Rental Registration and Rent Stabilization Programs. The Residential Rental Registration and Rent Stabilization Programs require property owners to register their residential rental units, ensuring compliance with approved ordinances.

Local Housing Trust - This fund accounts for the monies received from the California Department of Housing and Community Development Local Housing Trust Fund Program.

Non-Major Governmental Funds (Continued)
172
416
Lighting,
Landscape,
and Local Emergency
Maintenance Public Gas Medical Asset
District Safety Tax Services Seizure
ASSETS
Cash and investments 11,033,471 $ 3,175,200 $ 7,703,029 $ - $ 302,248$ Receivables, net:

Accounts - - 4,198 - - Taxes - - - - - Interest 35,926 4,470 26,632 - 928 Due from other agencies - 117,433 456,977 - - Leases - - - - - Loans and notes receivable, net of allowance - - - - - Land and properties held for resale - - - - - Total assets 11,069,397$ 3,297,103 $ 8,190,836 $ - $ 303,176$

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 47,308 $ - $ - $ 3,085$ - $ Accrued liabilities 11,139 - - 65,398 - Due to other funds 53,127 - 45,187 27,506 - Unearned revenues - - - - - Total liabilities 111,574 - 45,187 95,989 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - - - - - Related to leases - - - - - Total deferred inflows of resources - - - - -

Fund Balances:

Nonspendable - - - - - Restricted 10,957,823 3,297,103 8,145,649 - 303,176 Unassigned (deficit) - - - (95,989) - Total fund balance (deficit) 10,957,823 3,297,103 8,145,649 (95,989) 303,176 Total liabilities, deferred inflows of
resources, and fund balances 11,069,397$ 3,297,103 $ 8,190,836 $ - $ 303,176$ (Continued)
City of Salinas
Combining Balance Sheet
Nonmajor Special Revenue Funds
June 30, 2025
173 417
KDF
Los Padres
Traffic Vehicle Contributions & Dev Social
Safety Abatement Cable Donations Services
ASSETS
Cash and investments -$ 274,888$ 520,844 $ 549,339 $ 232,094 $ Receivables, net:

Accounts - - - - - Taxes - - 29,360 - - Interest - - - - - Due from other agencies - - - - - Leases - - - - - Loans and notes receivable, net of allowance - - - - - Land and properties held for resale - - - - - Total assets -$ 274,888$ 550,204 $ 549,339 $ 232,094 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable -$ - $ 36,250$ 13,548 $ - $ Accrued liabilities - 11,096 - - - Due to other funds 59,575 - - - - Unearned revenues - - - - - Total liabilities 59,575 11,096 36,250 13,548 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - - - - - Related to leases - - - - - Total deferred inflows of resources - - - - -

Fund Balances:

Nonspendable - - - - - Restricted - 263,792 513,954 535,791 232,094 Unassigned (deficit) (59,575) - - - - Total fund balance (deficit) (59,575) 263,792 513,954 535,791 232,094 Total liabilities, deferred inflows of
resources, and fund balances -$ 274,888$ 550,204 $ 549,339 $ 232,094 $ (Continued)
City of Salinas
Combining Balance Sheet (Continued)
Nonmajor Special Revenue Funds
June 30, 2025
174 418
Measure X SRA
Transport SB1 Road SB1 Traffic Public
Safety & Maintenance & Congestion Improvement Affordable Inv Plan Rehab Relief Grant Housing
ASSETS
Cash and investments 15,706,794 $ 9,468,932 $ 628,062 $ 1,800,598 $ 3,494,779 $ Receivables, net:

Accounts - - - - - Taxes - - - - - Interest 50,937 29,685 2,024 5,735 1,041,751 Due from other agencies 1,429,839 370,598 - - - Leases - - - - - Loans and notes receivable, net of allowance - - - - 51,571 Land and properties held for resale - - - 584,419 795,581 Total assets 17,187,570$ 9,869,215 $ 630,086 $ 2,390,752 $ 5,383,682 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable -$ - $ - $ - $ 591 $ Accrued liabilities - - - - - Due to other funds 27,809 41,475 - - - Unearned revenues - - - - 930,869 Total liabilities 27,809 41,475 - - 931,460

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - - - - - Related to leases - - - - - Total deferred inflows of resources - - - - -

Fund Balances:

Nonspendable - - - 584,419 847,152 Restricted 17,159,761 9,827,740 630,086 1,806,333 3,605,070 Unassigned (deficit) - - - - - Total fund balance (deficit) 17,159,761 9,827,740 630,086 2,390,752 4,452,222 Total liabilities, deferred inflows of
resources, and fund balances 17,187,570$ 9,869,215 $ 630,086 $ 2,390,752 $ 5,383,682 $ (Continued)
City of Salinas
Combining Balance Sheet (Continued)
Nonmajor Special Revenue Funds
June 30, 2025
175 419
Rent Local
Grants Stabilization Housing Trust Total
ASSETS
Cash and investments 1,945,507$ 1,568,160 $ 3,475,241 $ 61,879,186 $ Receivables, net:

Accounts 9,285 - - 13,483 Taxes - - - 29,360 Interest 3,317 - - 1,201,405 Due from other agencies 1,021,765 - - 3,396,612 Leases 18,975 - - 18,975 Loans and notes receivable, net of allowance - - - 51,571 Land and properties held for resale - - - 1,380,000 Total assets 2,998,849$ 1,568,160 $ 3,475,241 $ 67,970,592 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 130,691$ 114 $ - $ 231,587$ Accrued liabilities 116,379 197 1,026 205,235 Due to other funds 2,484,820 - - 2,739,499 Unearned revenues - - - 930,869 Total liabilities 2,731,890 311 1,026 4,107,190

DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 654,039 - - 654,039 Related to leases 14,193 - - 14,193 Total deferred inflows of resources 668,232 - - 668,232

Fund Balances:

Nonspendable - - - 1,431,571 Restricted - 1,567,849 3,474,215 62,320,436 Unassigned (deficit) (401,273) - - (556,837) Total fund balance (deficit) (401,273) 1,567,849 3,474,215 63,195,170 Total liabilities, deferred inflows of
resources, and fund balances 2,998,849$ 1,568,160 $ 3,475,241 $ 67,970,592 $ (Concluded)
City of Salinas
Combining Balance Sheet (Continued)
Nonmajor Special Revenue Funds
June 30, 2025
176 420
Lighting,
Landscape,
and Local Emergency
Maintenance Public Gas Development Medical
District Safety Tax Fees Services
REVENUES:

Taxes -$ 648,806$ - $ - $ Licenses and permits - - - - Intergovernmental - 486,395 4,340,025 138,646 Charges for services - - - - Investment income (loss) 531,904 12,858 394,885 - Rental income - - 260,632 - Fines and forfeitures - - - - Miscellaneous 1,780,468 - - - Total revenues 2,312,372 1,148,059 4,995,542 138,646

EXPENDITURES:

Current:

General government 1,938 - - - Public safety - 546,882 - 1,687,861 Public works 1,434,862 - - - Recreation 62,157 - - - Library - - - - Capital outlay - - - 1,116 Total expenditures 1,498,957 546,882 - 1,688,977

REVENUES OVER (UNDER) EXPENDITURES 813,415 601,177 4,995,542 (1,550,331) OTHER FINANCING SOURCES (USES):

Transfers in - - - 1,600,000 Transfers out (62,618) - (3,436,791) - Total other financing sources (uses) (62,618) - (3,436,791) 1,600,000 NET CHANGE IN FUND BALANCES 750,797 601,177 1,558,751 49,669 FUND BALANCES (DEFICIT):

Beginning of year, as previously presented as of June 30, 2024 10,207,026 2,695,926 6,586,898 21,108,375 (145,658) Change within financial reporting entity:
(nonmajor to major) - - - (21,108,375) - Beginning of year, as restated (Note 22) 10,207,026 2,695,926 6,586,898 - (145,658) End of year 10,957,823$ 3,297,103 $ 8,145,649 $ - $ (95,989)$ (Continued)
City of Salinas
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Special Revenue Funds
For the Year Ended June 30, 2025
177 421
Asset Traffic Vehicle Contributions &
Seizure Safety Abatement Cable Donations
REVENUES:

Taxes -$ - $ - $ - $ - $ Licenses and permits - - - 97,006 - Intergovernmental 48,818 - 252,344 - - Charges for services - - - - - Investment income (loss) 11,691 - - - - Rental income - - - - - Fines and forfeitures - 258,136 - - - Miscellaneous - - - - 54,362 Total revenues 60,509 258,136 252,344 97,006 54,362

EXPENDITURES:

Current:

General government - 85,205 - 145,000 - Public safety 4,128 - 244,883 - - Public works - - 124,703 - - Recreation - - - - 1,920 Library - - - - 22,880 Capital outlay - - - - - Total expenditures 4,128 85,205 369,586 145,000 24,800

REVENUES OVER (UNDER) EXPENDITURES 56,381 172,931 (117,242) (47,994) 29,562 OTHER FINANCING SOURCES (USES):

Transfers in - - - - - Transfers out - (200,000) - - - Total other financing sources (uses) - (200,000) - - - NET CHANGE IN FUND BALANCES 56,381 (27,069) (117,242) (47,994) 29,562 FUND BALANCES (DEFICIT):

Beginning of year, as previously presented as of June 30, 2024 246,795 (32,506) 381,034 561,948 506,229 Change within financial reporting entity:
(nonmajor to major) - - - - - Beginning of year, as restated (Note 22) 246,795 (32,506) 381,034 561,948 506,229 End of year 303,176$ (59,575) $ 263,792 $ 513,954 $ 535,791 $ (Continued)
City of Salinas
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Special Revenue Funds
For the Year Ended June 30, 2025
178 422
KDF Measure X SRA
Los Padres Transport SB1 Road SB1 Traffic Public
& Dev Social Safety & Maintenance & Congestion Improvement Services Inv Plan Rehab Relief Grant
REVENUES:

Taxes -$ - $ - $ - $ - $ Licenses and permits - - - - - Intergovernmental - 4,628,185 4,403,564 - - Charges for services - - - - - Investment income (loss) - 807,998 409,185 30,573 88,127 Rental income - - - - - Fines and forfeitures - - - - - Miscellaneous - - - - - Total revenues - 5,436,183 4,812,749 30,573 88,127

EXPENDITURES:

Current:

General government - - - - - Public safety - - - - - Public works - - - - - Recreation 17,175 - - - - Library - - - - - Capital outlay - - - - - Total expenditures 17,175 - - - -

REVENUES OVER (UNDER) EXPENDITURES (17,175) 5,436,183 4,812,749 30,573 88,127 OTHER FINANCING SOURCES (USES):

Transfers in - - - - - Transfers out - (5,140,925) (1,765,029) - - Total other financing sources (uses) - (5,140,925) (1,765,029) - - NET CHANGE IN FUND BALANCES (17,175) 295,258 3,047,720 30,573 88,127 FUND BALANCES (DEFICIT):

Beginning of year, as previously presented as of June 30, 2024 249,269 16,864,503 6,780,020 599,513 2,302,625 Change within financial reporting entity:
(nonmajor to major) - - - - - Beginning of year, as restated (Note 22) 249,269 16,864,503 6,780,020 599,513 2,302,625 End of year 232,094$ 17,159,761$ 9,827,740 $ 630,086 $ 2,390,752 $ (Continued)
City of Salinas
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Special Revenue Funds
For the Year Ended June 30, 2025
179 423
Affordable Rent Local
Housing Grants Stabilization Housing Trust Total
REVENUES:

Taxes -$ - $ - $ - $ 648,806$ Licenses and permits - - - - 97,006 Intergovernmental - 3,744,042 - - 18,042,019 Charges for services 124,439 - 1,505,281 - 1,629,720 Investment income (loss) 164,885 41,060 - - 2,493,166 Rental income - 50,357 - - 310,989 Fines and forfeitures - - - - 258,136 Miscellaneous 283,790 40,614 - - 2,159,234 Total revenues 573,114 3,876,073 1,505,281 - 25,639,076

EXPENDITURES:

Current:

General government 15,412 664,982 286,230 25,785 1,224,552 Public safety - 2,162,529 - - 4,646,283 Public works - 9,739 - - 1,569,304 Recreation - 878,369 - - 959,621 Library - 295,997 - - 318,877 Capital outlay - 251,394 - - 252,510 Total expenditures 15,412 4,263,010 286,230 25,785 8,971,147

REVENUES OVER (UNDER) EXPENDITURES 557,702 (386,937) 1,219,051 (25,785) 16,667,929 OTHER FINANCING SOURCES (USES):

Transfers in - 59 205,203 1,500,000 3,305,262 Transfers out - - - - (10,605,363) Total other financing sources (uses) - 59 205,203 1,500,000 (7,300,101) NET CHANGE IN FUND BALANCES 557,702 (386,878) 1,424,254 1,474,215 9,367,828 FUND BALANCES (DEFICIT):

Beginning of year, as previously presented as of June 30, 2024 3,894,520 (14,395) 143,595 2,000,000 74,935,717 Change within financial reporting entity:
(nonmajor to major) - - - - (21,108,375) Beginning of year, as restated (Note 22) 3,894,520 (14,395) 143,595 2,000,000 53,827,342 End of year 4,452,222$ (401,273) $ 1,567,849 $ 3,474,215 $ 63,195,170 $ (Concluded)
City of Salinas
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Special Revenue Funds
For the Year Ended June 30, 2025
180 424
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Investment income (loss) 171,400$ 171,400 $ 531,904 $ 360,504 $ Miscellaneous 1,975,660 1,975,660 1,780,468 (195,192) Total revenues 2,147,060 2,147,060 2,312,372 165,312 EXPENDITURES:

Current:

General government - - 1,938 (1,938) Public works 1,604,772 1,614,772 1,434,862 179,910 Recreation 55,100 55,100 62,157 (7,057) Capital outlay 15,000 5,000 - 5,000 Total expenditures 1,674,872 1,674,872 1,498,957 175,915 REVENUES OVER (UNDER) EXPENDITURES 472,188 472,188 813,415 (10,603) OTHER FINANCING SOURCES (USES):

Transfers out (696,000) (3,279,706) (62,618) 3,217,088 Total other financing sources (uses) (696,000) (3,279,706) (62,618) 3,217,088 Net change in fund balance (223,812)$ (2,807,518) $ 750,797 3,558,315 $ FUND BALANCE:

Beginning of year 10,207,026
End of year 10,957,823$
Bud
geted Amounts
District Special Revenue Fund
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Lighting, Landscape, and Maintenance For the Year Ended June 30, 2025
181 425
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Taxes 600,000$ 600,000 $ 648,806 $ 48,806 $ Intergovernmental 500,000 500,000 486,395 (13,605) Investment income (loss) 15,600 15,600 12,858 (2,742) Total revenues 1,115,600 1,115,600 1,148,059 32,459 EXPENDITURES:

Current:

Public safety 1,100,000 1,100,000 546,882 553,118 Total expenditures 1,100,000 1,100,000 546,882 553,118 REVENUES OVER (UNDER) EXPENDITURES 15,600 15,600 601,177 (520,659) Net change in fund balance 15,600$ 15,600 $ 601,177 585,577 $ FUND BALANCE:

Beginning of year 2,695,926
End of year 3,297,103$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Local Public Safety
Special Revenue Fund
For the Year Ended June 30, 2025
182 426
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Intergovernmental 4,252,000$ 4,252,000 $ 4,340,025 $ 88,025 $ Investment income (loss) 80,100 80,100 394,885 314,785 Rental income 250,000 250,000 260,632 10,632 Total revenues 4,582,100 4,582,100 4,995,542 413,442 REVENUES OVER (UNDER) EXPENDITURES 4,582,100 4,582,100 4,995,542 413,442 OTHER FINANCING SOURCES (USES):

Transfers out (5,140,000) (8,581,374) (3,436,791) 5,144,583 Total other financing sources (uses) (5,140,000) (8,581,374) (3,436,791) 5,144,583 Net change in fund balance (557,900)$ (3,999,274) $ 1,558,751 5,558,025 $ FUND BALANCE:

Beginning of year 6,586,898
End of year 8,145,649$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Gas Tax
Special Revenue Fund
For the Year Ended June 30, 2025
183 427
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Intergovernmental 137,000$ 137,000 $ 138,646 $ 1,646 $ Total revenues 137,000 137,000 138,646 1,646 EXPENDITURES:

Current:

Public safety 1,758,700 1,757,585 1,687,861 69,724 Capital outlay - 1,116 1,116 1,116 Total expenditures 1,758,700 1,758,701 1,688,977 70,840 REVENUES OVER (UNDER) EXPENDITURES (1,621,700) (1,621,701) (1,550,331) (69,194) OTHER FINANCING SOURCES (USES):

Transfers in 1,600,000 1,600,000 1,600,000 - Transfers out - (18,158) - 18,158 Total other financing sources (uses) 1,600,000 1,581,842 1,600,000 18,158 Net change in fund balance (21,700)$ (39,859) $ 49,669 89,528 $ FUND BALANCE (DEFICIT):

Beginning of year (145,658)
End of year (95,989)$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Emergency Medical Services Special Revenue Fund
For the Year Ended June 30, 2025
184 428
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Intergovernmental 25,000$ 25,000 $ 48,818 $ 23,818 $ Investment income (loss) 7,000 7,000 11,691 4,691 Total revenues 32,000 32,000 60,509 28,509 EXPENDITURES:

Current:

Public safety 30,000 30,000 4,128 25,872 Total expenditures 30,000 30,000 4,128 25,872 Net change in fund balance 2,000$ 2,000 $ 56,381 54,381 $ FUND BALANCE:

Beginning of year 246,795
End of year 303,176$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Asset Seizure
Special Revenue Fund
For the Year Ended June 30, 2025
185 429
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Fines and forfeitures 325,000$ 325,000 $ 258,136 $ (66,864) $ Total revenues 325,000 325,000 258,136 (66,864) EXPENDITURES:

Current:

General government 125,000 125,000 85,205 39,795 Total expenditures 125,000 125,000 85,205 39,795 REVENUES OVER (UNDER) EXPENDITURES 200,000 200,000 172,931 (106,659) OTHER FINANCING SOURCES (USES):

Transfers out (200,000) (200,000) (200,000) - Total other financing sources (uses) (200,000) (200,000) (200,000) - Net change in fund balance -$ - $ (27,069) (27,069) $ FUND BALANCE (DEFICIT):

Beginning of year (32,506)
End of year (59,575)$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Traffic Safety
Special Revenue Fund
For the Year Ended June 30, 2025
186 430
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Intergovernmental 160,000$ 160,000 $ 252,344 $ 92,344 $ Total revenues 160,000 160,000 252,344 92,344 EXPENDITURES:

Current:

Public safety 246,400 246,400 244,883 1,517 Public works - - 124,703 (124,703) Total expenditures 246,400 246,400 369,586 (123,186) Net change in fund balance (86,400)$ (86,400) $ (117,242) (30,842) $ FUND BALANCE:

Beginning of year 381,034
End of year 263,792$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Vehicle Abatement
Special Revenue Fund
For the Year Ended June 30, 2025
187 431
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Licenses and permits 150,000$ 150,000 $ 97,006 $ (52,994) $ Total revenues 150,000 150,000 97,006 (52,994) EXPENDITURES:

Current:

General government 145,000 145,000 145,000 - Total expenditures 145,000 145,000 145,000 - Net change in fund balance 5,000$ 5,000 $ (47,994) (52,994) $ FUND BALANCE:

Beginning of year 561,948
End of year 513,954$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Cable
Special Revenue Fund
For the Year Ended June 30, 2025
188 432
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Miscellaneous -$ 29,293$ 54,362 $ 25,069 $ Total revenues - 29,293 54,362 25,069 EXPENDITURES:

Current:

Public safety - 396,613 - 396,613 Public works - 5,000 - 5,000 Recreation - 30,626 1,920 28,706 Library - 103,284 22,880 80,404 Total expenditures - 535,523 24,800 510,723 Net change in fund balance -$ (506,230)$ 29,562 535,792 $ FUND BALANCE:

Beginning of year 506,229
End of year 535,791$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Contributions & Donations Special Revenue Fund
For the Year Ended June 30, 2025
189 433
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
EXPENDITURES:

Current:

Recreation -$ - $ 17,175$ (17,175) $ Total expenditures - - 17,175 (17,175) REVENUES OVER (UNDER) EXPENDITURES - - (17,175) 17,175 Net change in fund balance -$ - $ (17,175) (17,175) $ FUND BALANCE:

Beginning of year 249,269
End of year 232,094$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - KDF Los Padres Dev Social Services Special Revenue Fund
For the Year Ended June 30, 2025
190 434
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Intergovernmental 5,500,000$ 5,500,000 $ 4,628,185 $ (871,815) $ Investment income (loss) 194,500 194,500 807,998 613,498 Total revenues 5,694,500 5,694,500 5,436,183 (258,317) REVENUES OVER (UNDER) EXPENDITURES 5,694,500 5,694,500 5,436,183 (258,317) OTHER FINANCING SOURCES (USES):

Transfers out (5,609,100) (11,309,062) (5,140,925) 6,168,137 Total other financing sources (uses) (5,609,100) (11,309,062) (5,140,925) 6,168,137 Net change in fund balance 85,400$ (5,614,562)$ 295,258 5,909,820 $ FUND BALANCE:

Beginning of year 16,864,503
End of year 17,159,761$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Measure X Transport Safety & Inv Plan Special Revenue Fund
For the Year Ended June 30, 2025
191 435
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Intergovernmental 4,135,000$ 4,135,000 $ 4,403,564 $ 268,564 $ Investment income (loss) 129,800 129,800 409,185 279,385 Total revenues 4,264,800 4,264,800 4,812,749 547,949 REVENUES OVER (UNDER) EXPENDITURES 4,264,800 4,264,800 4,812,749 547,949 OTHER FINANCING SOURCES (USES):

Transfers out (3,600,000) (7,919,060) (1,765,029) 6,154,031 Total other financing sources (uses) (3,600,000) (7,919,060) (1,765,029) 6,154,031 Net change in fund balance 664,800$ (3,654,260) $ 3,047,720 6,701,980 $ FUND BALANCE:

Beginning of year 6,780,020
End of year 9,827,740$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - SB1 Road Maintenance & Rehab Special Revenue Fund
For the Year Ended June 30, 2025
192 436
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Investment income (loss) 10,600$ 10,600 $ 30,573 $ 19,973 $ Total revenues 10,600 10,600 30,573 19,973 Net change in fund balance 10,600$ 10,600 $ 30,573 19,973 $ FUND BALANCE:

Beginning of year 599,513
End of year 630,086$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - SB1 Traffic Congestion Relief Special Revenue Fund
For the Year Ended June 30, 2025
193 437
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Investment income (loss) 30,400$ 30,400 $ 88,127 $ 57,727 $ Total revenues 30,400 30,400 88,127 57,727 Net change in fund balance 30,400$ 30,400 $ 88,127 57,727 $ FUND BALANCE:

Beginning of year 2,302,625
End of year 2,390,752$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - SRA Public Improvement Grant Special Revenue Fund
For the Year Ended June 30, 2025
194 438
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Charges for services 83,000$ 220,000 $ 124,439 $ (95,561) $ Investment income (loss) 61,000 61,000 164,885 103,885 Miscellaneous - - 283,790 283,790 Total revenues 144,000 281,000 573,114 292,114 EXPENDITURES:

Current:

General government 1,000 222,426 15,412 207,014 Total expenditures 1,000 222,426 15,412 207,014 Net change in fund balance 143,000$ 58,574 $ 557,702 499,128 $ FUND BALANCE:

Beginning of year 3,894,520
End of year 4,452,222$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Affordable Housing
Special Revenue Fund
For the Year Ended June 30, 2025
195 439
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Intergovernmental -$ 10,983,526$ 3,744,042 $ (7,239,484) $ Investment income (loss) - - 41,060 41,060 Rental income - - 50,357 50,357 Miscellaneous - 40,614 40,614 - Total revenues - 11,024,140 3,876,073 (7,148,067) EXPENDITURES:

Current:

General government 84,030 2,240,997 664,982 1,576,015 Public safety 475,740 5,625,884 2,162,529 3,463,355 Public works 400 4,096 9,739 (5,643) Recreation - 1,834,014 878,369 955,645 Library 83,340 375,866 295,997 79,869 Capital outlay - 578,098 251,394 578,098 Total expenditures 643,510 10,658,955 4,263,010 6,647,339 REVENUES OVER (UNDER) EXPENDITURES (643,510) 365,185 (386,937) (13,795,406) OTHER FINANCING SOURCES (USES):

Transfers in - - 59 59 Total other financing sources (uses) - - 59 59 Net change in fund balance (643,510)$ 365,185 $ (386,878) (752,063) $ FUND BALANCE (DEFICIT):

Beginning of year (14,395)
End of year (401,273)$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Grants
Special Revenue Fund
For the Year Ended June 30, 2025
196 440
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Charges for services 80,000$ 310,047 $ 1,505,281 $ 1,195,234 $ Total revenues 80,000 310,047 1,505,281 1,195,234 EXPENDITURES:

Current:

General government 45,000 605,950 286,230 319,720 Capital outlay - 49,300 - 49,300 Total expenditures 45,000 655,250 286,230 369,020 REVENUES OVER (UNDER) EXPENDITURES 35,000 (345,203) 1,219,051 826,214 OTHER FINANCING SOURCES (USES):

Transfers in - 205,203 205,203 - Total other financing sources (uses) - 205,203 205,203 - Net change in fund balance 35,000$ (140,000) $ 1,424,254 1,564,254 $ FUND BALANCE:

Beginning of year 143,595
End of year 1,567,849$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Rent Stabilization
Special Revenue Fund
For the Year Ended June 30, 2025
197 441
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
EXPENDITURES:

Current:

General government -$ 2,000,000$ 25,785 $ 1,974,215 $ Total expenditures - 2,000,000 25,785 1,974,215 REVENUES OVER (UNDER) EXPENDITURES - (2,000,000) (25,785) (1,974,215) OTHER FINANCING SOURCES (USES):

Transfers in - 1,500,000 1,500,000 - Total other financing sources (uses) - 1,500,000 1,500,000 - Net change in fund balance -$ (500,000)$ 1,474,215 1,974,215 $ FUND BALANCE:

Beginning of year 2,000,000
End of year 3,474,215$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Local Housing Trust
Special Revenue Fund
For the Year Ended June 30, 2025
198 442
Debt Service Funds
Debt Service Funds are used for the accumulation and disbursement of financial resources that will be used to make principal and interest payments on general long-term debt. The nonmajor debt service funds include the following debt issuances:

Assessment District Debt Service - This fund is used to accumulate monies for payment of the City's Assessment Districts Improvement Bonds. Debt service is financed with special assessments levied against property owners within the respective improvement districts.

COP 1999 & COP 2004 Consolidation (2014) - This fund is used to accumulate funds for the payment of principal and interest on the 2014 Lease Purchase/Agreement that was issued on January 29, 2014 to refinance the portion of the 1999 Certificates of Participation that were used to finance the construction of the City Animal Shelter. Debt service for the Animal Shelter is used to finance the City’s General Fund. 2018 Lease-PS Building Police - This fund is used to accumulate monies for the designing, permitting, constructing and equipping the new public safety building, including ancillary parking and related facilities, located at 312 E Alisal Street in Salinas. Salinas Public Safety Facilities Inc. (SPF) issued lease revenue bonds to finance the construction of the new building. Lease payments are made from the City’s Measure G Funds.

COP 2018B T.R.I.P. Total Road Improvement - This fund is used to accumulate monies for the principal and interest payments for the Transportation Revenue COP Certificates issued to finance large scale street improvement projects.

COPs will be secured by Measure X Revenues the City receives from the Transportation Agency of Monterey County (TAMC).
2018 Lease-El Gabilan Library - This fund is used to accumulate monies for the designing, permitting, constructing and equipping the El Gabilan Library expansion, including ancillary parking, located at 1400 N Main Street in Salinas.

Salinas Public Safety Facilities, Inc. (SPF) issued lease revenue bonds to facilitate the construction of the El Gabilan Library. Lease payments are made from the City’s Measure E Funds. 2020A Refunding Energy - This fund is used to account for the refunding of the 2014 Energy Improvement Lease and accumulate monies for the payment of principal and interest. 2020A Refunding SVSWA - for the refunding of the outstanding portion of the Certificates of Participation Series 2015B (1997 Capital Improvement Projects) and accumulate monies for the payment of principal and interest.

Assessment District Administration - This fund accounts for the cost of administering the City’s assessment district bonds used to finance improvements within those districts. Funding is provided by an assessment equal to 5% of the assessment amount with a maximum $16 levy per parcel per bond.

Assessment District Reserve - This fund accounts for the reserves on outstanding assessment districts bonds. 2024 Energy Efficiency - This fund is used to account for the 2024 Energy Efficiency solar project at the Salinas Public Safety Building and accumulate monies for the payment of principal and interest.

Nonmajor Governmental Funds
199
443
COP 1999 & 2018 COP 2018B 2018
Assessment 2004 Lease-PS T.R.I.P. Lease
District Consolidation Building Total Road El Gabilan
Debt Service (2014) Police Improvement Library
ASSETS
Cash and investments -$ - $ - $ - $ - $ Receivables, net:

Interest - - - - - Assessments 45,000 - - - - Restricted cash and investments 143,413 - - 2,490,996 - Total assets 188,413$ - $ - $ 2,490,996$ - $

LIABILITIES AND FUND BALANCES
Liabilities:

Due to other funds 853,382 - - 163,402 - Unearned revenues 45,000 - - - - Total liabilities 898,382 - - 163,402 -

Fund Balances:

Restricted - - - 2,327,594 - Unassigned (deficit) (709,969) - - - - Total fund balances (709,969) - - 2,327,594 - Total liabilities and fund balances 188,413$ - $ - $ 2,490,996$ - $ (Continued)
City of Salinas
Combining Balance Sheet
Nonmajor Debt Service Funds
June 30, 2025
200 444
2020A 2020A Assessment Assessment
Refunding Refunding District District
Energy SVSWA Administration Reserve
ASSETS
Cash and investments -$ - $ - $ 2,042,663$ Receivables, net:

Interest - - - 6,409 Assessments - - - - Restricted cash and investments - - - - Total assets -$ - $ - $ 2,049,072$

LIABILITIES AND FUND BALANCES
Liabilities:

Due to other funds - - 2,178 - Unearned revenues - - - - Total liabilities - - 2,178 -

Fund Balances:

Restricted - - - 2,049,072 Unassigned (deficit) - - (2,178) - Total fund balances - - (2,178) 2,049,072 Total liabilities and fund balances -$ - $ - $ 2,049,072$ City of Salinas
Combining Balance Sheet (Continued)
Nonmajor Debt Service Funds
June 30, 2025
201 445
2024
Energy
Efficiency Total
ASSETS
Cash and investments -$ 2,042,663$ Receivables, net:

Interest - 6,409
Assessments - 45,000
Restricted cash and investments 3,703,901 6,338,310 Total assets 3,703,901$ 8,432,382 $

LIABILITIES AND FUND BALANCES
Liabilities:

Due to other funds - 1,018,962
Unearned revenues - 45,000
Total liabilities - 1,063,962

Fund Balances:

Restricted 3,703,901 8,080,567
Unassigned (deficit) - (712,147) Total fund balances 3,703,901 7,368,420
Total liabilities and fund balances 3,703,901$ 8,432,382 $ (Concluded)
City of Salinas
Combining Balance Sheet (Continued)
Nonmajor Debt Service Funds
June 30, 2025
202 446
COP 1999 & 2018 COP 2018B 2018
Assessment 2004 Lease-PS T.R.I.P. Lease
District Consolidation Building Total Road El Gabilan
Debt Service (2014) Police Improvement Library
REVENUES:

Investment income 7,558$ - $ - $ 261,493$ - $ Total revenues 7,558 - - 261,493 -

EXPENDITURES:

Current:

General government - - - - - Debt service:

Principal 45,000 179,000 3,210,000 850,000 240,000 Interest and fiscal charges 6,173 49,064 1,262,169 1,486,275 539,719 Bond issuance costs - - - - - Total expenditures 51,173 228,064 4,472,169 2,336,275 779,719

REVENUES OVER (UNDER) EXPENDITURES (43,615) (228,064) (4,472,169) (2,074,782) (779,719) OTHER FINANCING SOURCES (USES):

Proceeds from issuance of leases - - - - - Transfers in - 228,064 4,457,230 4,287,533 777,515 Total other financing sources (uses) - 228,064 4,457,230 4,287,533 777,515 NET CHANGE IN FUND BALANCES (43,615) - (14,939) 2,212,751 (2,204) FUND BALANCES (DEFICIT):

Beginning of year (666,354) - 14,939 114,843 2,204 End of year (709,969)$ - $ - $ 2,327,594$ - $ (Continued)
For the Year Ended June 30, 2025
City of Salinas
Combining Statement of Revenues, Expenditures, and Changes in Fund Balance Nonmajor Debt Service Funds
203 447
2020A 2020A Assessment Assessment
Refunding Refunding District District
Energy SVSWA Administration Reserve
REVENUES:

Investment income -$ - $ - $ 99,890$ Total revenues - - - 99,890

EXPENDITURES:

Current:

General government - - - - Debt service:

Principal 1,080,000 585,000 - - Interest and fiscal charges 511,295 78,580 - - Bond issuance costs - - - - Total expenditures 1,591,295 663,580 - -

REVENUES OVER (UNDER) EXPENDITURES (1,591,295) (663,580) - 99,890 OTHER FINANCING SOURCES (USES):

Proceeds from issuance of leases - - - - Transfers in 1,591,295 663,330 - - Total other financing sources (uses) 1,591,295 663,330 - - NET CHANGE IN FUND BALANCES - (250) - 99,890 FUND BALANCES (DEFICIT):

Beginning of year - 250 (2,178) 1,949,182 End of year -$ - $ (2,178)$ 2,049,072 $ (Continued)
City of Salinas
Combining Statement of Revenues, Expenditures, and Changes in Fund Balance (Continued) Nonmajor Debt Service Funds
For the Year Ended June 30, 2025
204 448
2024
Energy
Efficiency Total
REVENUES:

Investment income 78,053$ 446,994 $
Total revenues 78,053 446,994

EXPENDITURES:

Current:

General government 954,805 954,805
Debt service:

Principal - 6,189,000
Interest and fiscal charges 90,663 4,023,938 Bond issuance costs 63,684 63,684
Total expenditures 1,109,152 11,231,427

REVENUES OVER (UNDER) EXPENDITURES (1,031,099) (10,784,433) OTHER FINANCING SOURCES (USES):

Proceeds from issuance of leases 4,735,000 4,735,000 Transfers in - 12,004,967
Total other financing sources (uses) 4,735,000 16,739,967 NET CHANGE IN FUND BALANCES 3,703,901 5,955,534
FUND BALANCES (DEFICIT):

Beginning of year - 1,412,886
End of year 3,703,901$ 7,368,420 $
(Concluded)
City of Salinas
Combining Statement of Revenues, Expenditures, and Changes in Fund Balance (Continued) Nonmajor Debt Service Funds
For the Year Ended June 30, 2025
205 449
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Taxes - special assessments 50,000$ 50,000 $ - $ (50,000)$ Investment income (loss) 4,400 4,400 7,558 3,158 Total revenues 54,400 54,400 7,558 (46,842) EXPENDITURES:

Debt Service:

Principal 45,000 45,000 45,000 45,000 Interest and fiscal charges 6,900 6,900 6,173 727 Total expenditures 51,900 51,900 51,173 45,727 Net change in fund balance 2,500$ 2,500 $ (43,615) (46,115) $ FUND BALANCE (DEFICIT):

Beginning of year (666,354)
End of year (709,969)$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Assessment District
Debt Service Fund
For the Year Ended June 30, 2025
206 450
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
EXPENDITURES:

Debt Service:

Principal 179,000$ 179,000 $ 179,000 $ 179,000 $ Interest and fiscal charges 49,100 49,100 49,064 36 Total expenditures 228,100 228,100 228,064 179,036 REVENUES OVER (UNDER) EXPENDITURES (228,100) (228,100) (228,064) (179,036) OTHER FINANCING SOURCES (USES):

Transfers in 228,100 228,100 228,064 (36) Total other financing sources (uses) 228,100 228,100 228,064 (36) Net change in fund balance -$ - $ - - $ FUND BALANCE:

Beginning of year -
End of year -$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - COP 1999 & 2004 Consolidation (2014) Debt Service Fund
For the Year Ended June 30, 2025
207 451
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Investment income (loss) 8,700$ 8,700 $ - $ (8,700)$ Total revenues 8,700 8,700 - (8,700) EXPENDITURES:

Debt Service:

Principal 3,210,000 3,210,000 3,210,000 3,210,000 Interest and fiscal charges 1,263,200 1,263,200 1,262,169 1,031 Total expenditures 4,473,200 4,473,200 4,472,169 3,211,031 REVENUES OVER (UNDER) EXPENDITURES (4,464,500) (4,464,500) (4,472,169) (3,219,731) OTHER FINANCING SOURCES (USES):

Transfers in 5,543,900 5,543,900 4,457,230 (1,086,670) Total other financing sources (uses) 5,543,900 5,543,900 4,457,230 (1,086,670) Net change in fund balance 1,079,400$ 1,079,400 $ (14,939) (1,094,339) $ FUND BALANCE:

Beginning of year 14,939
End of year -$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - 2018 Lease-PS Building Police Debt Service Fund
For the Year Ended June 30, 2025
208 452
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Investment income (loss) 376,300$ 376,300 $ 261,493 $ (114,807) $ Total revenues 376,300 376,300 261,493 (114,807) EXPENDITURES:

Debt Service:

Principal 850,000 850,000 850,000 850,000 Interest and fiscal charges 1,489,100 1,489,100 1,486,275 2,825 Total expenditures 2,339,100 2,339,100 2,336,275 852,825 REVENUES OVER (UNDER) EXPENDITURES (1,962,800) (1,962,800) (2,074,782) (967,632) OTHER FINANCING SOURCES (USES):

Transfers in 2,339,100 2,339,100 4,287,533 1,948,433 Total other financing sources (uses) 2,339,100 2,339,100 4,287,533 1,948,433 Net change in fund balance 376,300$ 376,300 $ 2,212,751 1,836,451 $ FUND BALANCE:

Beginning of year 114,843
End of year 2,327,594$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - 2018B T.R.I.P. Total Road Improvement Debt Service Fund
For the Year Ended June 30, 2025
209 453
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Investment income (loss) 1,600$ 1,600 $ - $ (1,600)$ Total revenues 1,600 1,600 - (1,600) EXPENDITURES:

Debt Service:

Principal 240,000 240,000 240,000 240,000 Interest and fiscal charges 544,200 544,200 539,719 4,481 Total expenditures 784,200 784,200 779,719 244,481 REVENUES OVER (UNDER) EXPENDITURES (782,600) (782,600) (779,719) (246,081) OTHER FINANCING SOURCES (USES):

Transfers in 1,175,100 1,175,100 777,515 (397,585) Total other financing sources (uses) 1,175,100 1,175,100 777,515 (397,585) Net change in fund balance 392,500$ 392,500 $ (2,204) (394,704) $ FUND BALANCE:

Beginning of year 2,204
End of year -$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - 2018 Lease El Gabilan Library Debt Service Fund
For the Year Ended June 30, 2025
210 454
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
EXPENDITURES:

Debt Service:

Principal 1,080,000$ 1,080,000 $ 1,080,000 $ 1,080,000 $ Interest and fiscal charges 512,300 512,300 511,295 1,005 Total expenditures 1,592,300 1,592,300 1,591,295 1,081,005 REVENUES OVER (UNDER) EXPENDITURES (1,592,300) (1,592,300) (1,591,295) (1,081,005) OTHER FINANCING SOURCES (USES):

Transfers in 1,592,600 1,592,600 1,591,295 (1,305) Total other financing sources (uses) 1,592,600 1,592,600 1,591,295 (1,305) Net change in fund balance 300$ 300 $ - (300) $ FUND BALANCE:

Beginning of year -
End of year -$
Bud
geted Amounts
City of Salinas
Required Supplementary Information (Unaudited)
Budgetary Comparison Schedule - 2020A Refunding Energy
Debt Service Fund
For the Year Ended June 30, 2025
211 455
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
EXPENDITURES:

Debt Service:

Principal 585,000$ 585,000 $ 585,000 $ 585,000 $ Interest and fiscal charges 80,300 80,300 78,580 1,720 Total expenditures 665,300 665,300 663,580 586,720 REVENUES OVER (UNDER) EXPENDITURES (665,300) (665,300) (663,580) (586,720) OTHER FINANCING SOURCES (USES):

Transfers in 665,300 665,300 663,330 (1,970) Total other financing sources (uses) 665,300 665,300 663,330 (1,970) Net change in fund balance -$ - $ (250) (250) $ FUND BALANCE:

Beginning of year 250
End of year -$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - 2020A Refunding SVSWA
Debt Service Fund
For the Year Ended June 30, 2025
212 456
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
Net change in fund balance -$ - $ - $ - $ FUND BALANCE (DEFICIT):

Beginning of year (2,178)
End of year (2,178)$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Assessment District Administration Debt Service Fund
For the Year Ended June 30, 2025
213 457
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Investment income 34,100$ 34,100 $ 99,890 $ 65,790 $ Total revenues 34,100 34,100 99,890 65,790 Net change in fund balance 34,100$ 34,100 $ 99,890 65,790 $ FUND BALANCE:

Beginning of year 1,949,182
End of year 2,049,072$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Assessment District Reserve Debt Service Fund
For the Year Ended June 30, 2025
214 458
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Investment income (loss) -$ - $ 78,053$ 78,053 $ Total revenues - - 78,053 78,053 EXPENDITURES:

Current:

General government - - 954,805 (954,805) Debt Service:

Interest and fiscal charges - - 90,663 (90,663) Bond issuance costs - - 63,684 (63,684) Total expenditures - - 1,109,152 (1,109,152) REVENUES OVER (UNDER) EXPENDITURES - - (1,031,099) 1,187,205 OTHER FINANCING SOURCES (USES):

Proceeds from issuance of long-term debt - - 4,735,000 4,735,000 Total other financing sources (uses) - - 4,735,000 4,735,000 Net change in fund balance -$ - $ 3,703,901 3,703,901 $ FUND BALANCE:

Beginning of year -
End of year 3,703,901$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - 2024 Energy Efficiency
Debt Service Fund
For the Year Ended June 30, 2025
215 459
This page intentionally left blank.
216 460
Capital Projects Funds
Capital Projects Funds are used to account for major capital acquisition and construction activities. The nonmajor Capital Projects Funds used by the City in this report are as follows:

Special Construction Assistance Capital Projects - This fund accounts for proceeds of long-term borrowings resulting from the sale of Certificates of Participation to finance the acquisition and construction of capital projects.

Special Aviation - This fund accounts for federal and state airport grants. Funds are used to reimburse the Capital Projects Fund for airport capital expenditures.

Assessment District Projects - This fund accounts for bond proceeds from assessment districts used for capital improvements. Funds are used to reimburse the Capital Projects Fund for assessment district capital project expenditures.
2019 Special Tax Bond Monte Bella - This fund accounts for bond proceeds from assessments from the Monte Bella District for Capital Improvements. Funds are used to reimburse the Capital Projects Fund for Monte Bella District Capital Project Expenditures.

Nonmajor Governmental Funds
217
461
This page intentionally left blank.
218 462
Special Assessment 2019 Special
Construction Special District Tax Bond
Assistance Aviation Project Monte Bella Total
ASSETS
Cash and investments 5,413,662 $ 853,212 $ 461,149 $ 17,092 $ 6,745,115 $ Receivables, net:

Accounts 582,758 - - - 582,758 Interest 415,985 2,530 1,518 84 420,117 Due from other agencies 1,049,218 50,116 - - 1,099,334 Assessments - - - - - Leases 3,307,506 - - - 3,307,506 Restricted cash and investments - - - 13,287 13,287 Total assets 10,769,129$ 905,858 $ 462,667 $ 30,463 $ 12,168,117$

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Due to other funds 5,605,329 $ 7,777 $ - $ - $ 5,613,106$ Total liabilities 5,605,329 7,777 - - 5,613,106

DEFERRED INFLOWS OF RESOURCES
Related to leases 2,967,094 - - - 2,967,094 Total deferred inflows of resources 2,967,094 - - - 2,967,094

Fund Balances:

Restricted 2,196,706 898,081 462,667 30,463 3,587,917 Total fund balances 2,196,706 898,081 462,667 30,463 3,587,917 Total liabilities, deferred inflows of
resources, and fund balances 10,769,129$ 905,858 $ 462,667 $ 30,463 $ 12,168,117$ June 30, 2025
City of Salinas
Combining Balance Sheet
Nonmajor Capital Projects Funds
219 463
Special Assessment 2019 Special
Construction Special District Tax Bond
Assistance Aviation Project Monte Bella Total
REVENUES:

Intergovernmental 6,649,188 $ 715,781 $ - $ - $ 7,364,969$ Charges for services 33,675 - - - 33,675 Investment income (loss) 232,147 39,386 22,290 1,760 295,583 Total revenues 6,915,010 755,167 22,290 1,760 7,694,227

EXPENDITURES:

Current:

Public works - 188 - - 188 Total expenditures - 188 - - 188

REVENUES OVER (UNDER) EXPENDITURES 6,915,010 754,979 22,290 1,760 7,694,039 OTHER FINANCING SOURCES (USES):

Transfers out (6,439,355) (41,215) - - (6,480,570) Total other financing sources (uses) (6,439,355) (41,215) - - (6,480,570) NET CHANGE IN FUND BALANCES 475,655 713,764 22,290 1,760 1,213,469 FUND BALANCES:

Beginning of year 1,721,051 184,317 440,377 28,703 2,374,448 End of year 2,196,706$ 898,081 $ 462,667 $ 30,463 $ 3,587,917 $ For the Year Ended June 30, 2025
City of Salinas
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Capital Projects Funds
220 464
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Intergovernmental 100,000$ 350,000 $ 6,649,188 $ 6,299,188 $ Charges for services - - 33,675 33,675 Investment income (loss) - - 232,147 232,147 Total revenues 100,000 350,000 6,915,010 6,565,010 REVENUES OVER (UNDER) EXPENDITURES 100,000 350,000 6,915,010 6,565,010 OTHER FINANCING SOURCES (USES):

Transfers out - (35,037,052) (6,439,355) 28,597,697 Total other financing sources (uses) - (35,037,052) (6,439,355) 28,597,697 Net change in fund balance 100,000$ (34,687,052)$ 475,655 35,162,707 $ FUND BALANCE:

Beginning of year 1,721,051
End of year 2,196,706$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Special Construction Assistance Capital Projects Fund
For the Year Ended June 30, 2025
221 465
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Intergovernmental -$ - $ 715,781$ 715,781 $ Investment income (loss) 14,900 14,900 39,386 24,486 Total revenues 14,900 14,900 755,167 740,267 EXPENDITURES:

Current:

Public works - - 188 - Total expenditures - - 188 - REVENUES OVER (UNDER) EXPENDITURES 14,900 14,900 754,979 740,267 OTHER FINANCING SOURCES (USES):

Transfers out - 199,388 (41,215) (240,603) Total other financing sources (uses) - 199,388 (41,215) (240,603) Net change in fund balance 14,900$ 214,288 $ 713,764 499,476 $ FUND BALANCE:

Beginning of year 184,317
End of year 898,081$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Special Aviation
Capital Projects Fund
For the Year Ended June 30, 2025
222 466
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Investment income (loss) -$ - $ 22,290$ 22,290 $ Total revenues - - 22,290 22,290 Net change in fund balance -$ - $ 22,290 22,290 $ FUND BALANCE:

Beginning of year 440,377
End of year 462,667$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - Assessment District Project Capital Projects Fund
For the Year Ended June 30, 2025
223 467
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Investment income (loss) -$ - $ 1,760 $ 1,760 $ Total revenues - - 1,760 1,760 Net change in fund balance -$ - $ 1,760 1,760 $ FUND BALANCE:

Beginning of year 28,703
End of year 30,463$
Bud
geted Amounts
City of Salinas
Supplementary Information
Budgetary Comparison Schedule - 2019 Special Tax Bond Monte Bella Capital Projects Fund
For the Year Ended June 30, 2025
224 468
Internal Service Funds
Internal Service Funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the government and to other government units, on a cost reimbursement basis.

Risk Management - This fund is used to account for the City’s risk management program which administers employee benefits and the Internal Service Funds insurance programs.

General Insurance - This fund is used to account for city-wide safety programs, employee assistance programs, unemployment claims, biennial physical exams, and insurance for property, fine arts, and reimbursable damages.

Workers Compensation - This fund is used to account for the City’s self-insured workers compensation program.

General Liability - This fund is used to account for the City’s self-insured general liability insurance program.

Fleet Maintenance - This fund is used to account for the inspection, maintenance, and repair of all the City’s vehicles and equipment.
225
469
This page intentionally left blank.
226 470
Risk General Workers General Fleet
Management Insurance Compensation Liability Maintenance Total ASSETS
Current assets:

Cash and cash equivalents 194,440 $ - $ 7,090,560$ 3,144,515 $ 255,884 $ 10,685,399$ Due from other funds - - 16,831,462 - - 16,831,462 Accrued interest - - 24,541 4,470 - 29,011 Total current assets 194,440 - 23,946,563 3,148,985 255,884 27,545,872 Noncurrent assets:

Restricted cash and investments - - 278,435 235,625 - 514,060 Total noncurrent assets - - 278,435 235,625 - 514,060 Total assets 194,440 - 24,224,998 3,384,610 255,884 28,059,932

DEFERRED OUTFLOWS OF RESOURCES
Related to pensions - - 90,721 - 302,410 393,131 Related to OPEB - - 10,823 12,787 44,889 68,499 Total deferred outflows of resources - - 101,544 12,787 347,299 461,630

LIABILITIES
Current liabilities:

Accounts payable - 28,753 18,596 55,036 56,377 158,762 Accrued liabilities - - 19,161 10,424 80,375 109,960 Due to other funds - 303,832 - - - 303,832 Insurance claims payable - due within one year - - 7,103,000 2,807,671 - 9,910,671 Compensated absences - due within one year - - 8,998 3,791 29,828 42,617 Total current liabilities - 332,585 7,149,755 2,876,922 166,580 10,525,842 Noncurrent liabilities:

Insurance claims payable - due in more than one year - - 32,240,333 1,162,332 - 33,402,665 Compensated absences - due in more than one year - - 35,991 15,167 119,312 170,470 Net pension liability - - 335,627 - 1,118,756 1,454,383 Net OPEB liability - - 43,633 51,555 180,978 276,166 Total noncurrent liabilities - - 32,655,584 1,229,054 1,419,046 35,303,684 Total liabilities - 332,585 39,805,339 4,105,976 1,585,626 45,829,526

DEFERRED INFLOWS OF RESOURCES
Related to pensions - - 5,085 - 16,952 22,037 Related to OPEB - - 35,087 41,457 145,530 222,074 Total deferred inflows of resources - - 40,172 41,457 162,482 244,111

NET POSITION
Unrestricted (deficit) 194,440 (332,585) (15,518,969) (750,036) (1,144,925) (17,552,075) Total net position (deficit) 194,440$ (332,585) $ (15,518,969)$ (750,036) $ (1,144,925) $ (17,552,075) $ June 30, 2025
All Internal Service Funds
Combining Statement of Net Position
City of Salinas
227 471
This page intentionally left blank.
228 472
Risk General Workers General Fleet
Management Insurance Compensation Liability Maintenance Total OPERATING REVENUES:

Charges for services 220 $ 85,541$ 7,067,969$ 383,411 $ - $ 7,537,141$ Total operating revenues 220 85,541 7,067,969 383,411 - 7,537,141 OPERATING EXPENSES:

Personnel services - - 610,607 365,100 1,556,358 2,532,065 Contractual services - 87,116 - - 150,699 237,815 Supplies - - - - 849,878 849,878 Insurance - 1,822,554 693,103 3,913,863 - 6,429,520 Insurance claims - - 12,287,921 412,574 - 12,700,495 Other - 151,972 - - 17,373 169,345 Total operating expenses - 2,061,642 13,591,631 4,691,537 2,574,308 22,919,118 OPERATING INCOME (LOSS) 220 (1,976,101) (6,523,662) (4,308,126) (2,574,308) (15,381,977) NONOPERATING REVENUES (EXPENSES):

Investment income - - 373,423 20,515 - 393,938 Other non-operating revenue (expense) - (395) (252,888) - (23,006) (276,289) Total nonoperating revenues (expenses) - (395) 120,535 20,515 (23,006) 117,649 INCOME (LOSS) BEFORE TRANSFERS 220 (1,976,496) (6,403,127) (4,287,611) (2,597,314) (15,264,328) TRANSFERS:

Transfers in - 1,450,000 - 6,650,000 2,000,000 10,100,000 Transfers out - - (650,000) - - (650,000) Total transfers - 1,450,000 (650,000) 6,650,000 2,000,000 9,450,000 Changes in net position 220 (526,496) (7,053,127) 2,362,389 (597,314) (5,814,328) NET POSITION (DEFICIT):

Beginning of year 194,220 193,911 (8,465,842) (3,112,425) (547,611) (11,737,747) End of year 194,440$ (332,585) $ (15,518,969)$ (750,036) $ (1,144,925)$ (17,552,075) $ For the Year Ended June 30, 2025
All Internal Service Funds
Combining Statement of Revenues, Expenses, and Changes in Net Position City of Salinas
229 473
Risk General Workers General Fleet
Management Insurance Compensation Liability Maintenance Total CASH FLOWS FROM OPERATING ACTIVITIES:

Receipts from customers 220 $ 85,541$ 7,067,969$ 383,411 $ - $ 7,537,141$ Payments to suppliers for goods and services - (1,897,048) (16,087) (206,802) (1,086,924) (3,206,861) Payments to employees for services - - (596,326) (354,615) (1,600,036) (2,550,977) Payments to claimants - - (5,866,616) (4,105,142) - (9,971,758) Other - (151,972) - - (17,373) (169,345) Net cash provided by (used in)
operating activities 220 (1,963,479) 588,940 (4,283,148) (2,704,333) (8,361,800)

CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES:

Other expenses - (395) (252,888) - (23,006) (276,289) Transfers from other funds - 1,450,000 - 6,650,000 2,000,000 10,100,000 Transfers to other funds - -
(650,000) - - (650,000) Net cash provided by (used in) noncapital
financing activities - 1,753,437 (902,888) 6,650,000 1,976,994 9,477,543 CASH FLOWS FROM INVESTING ACTIVITIES:

Investment income - - 376,431 16,045 - 392,476 Net cash provided by investing activities - - 376,431 16,045 - 392,476 Net change in cash and cash equivalents 220 (210,042) 62,483 2,382,897 (727,339) 1,508,219 CASH AND CASH EQUIVALENTS:

Beginning of year 194,220 210,042 7,306,512 997,243 983,223 9,691,240 End of year 194,440$ - $ 7,368,995$ 3,380,140 $ 255,884 $ 11,199,459$

RECONCILIATION OF CASH AND

CASH EQUIVALENTS TO
STATEMENT OF NET POSITION:

Cash and cash investments 194,440 $ - $ 7,090,560$ 3,144,515 $ 255,884 $ 10,685,399$ Total cash and cash equivalents 194,440$ - $ 7,368,995$ 3,380,140 $ 255,884 $ 11,199,459$ City of Salinas
For the Year Ended June 30, 2025
All Internal Service Funds
Combining Statement of Cash Flows
230 474
Risk General Workers General Fleet
Management Insurance Compensation Liability Maintenance Total

RECONCILIATION OF OPERATING

INCOME (LOSS) TO NET CASH (USED IN)
OPERATING ACTIVITIES:

Operating income (loss) 220 $ (1,976,101)$ (6,523,662) $ (4,308,126) $ (2,574,308) $ (15,381,977) $ Adjustments to reconcile operating (loss) to net
cash provided by (used in) operating activities:

Changes in operating assets and liabilities, and
deferred outflows and inflows of resources:

Deferred outflows - related to pensions - - 47,274 - 203,764 251,038 Deferred outflows - related to OPEB - - 2,369 2,799 9,826 14,994 Accounts payable - 12,622 (16,087) (206,802) (86,347) (296,614) Accrued liabilities - - 19,161 10,424 80,375 109,960 Insurance claims payable - - 7,114,408 221,295 - 7,335,703 Compensated absences - - 11,578 4,274 21,712 37,564 Net pension liability - - (55,626) - (316,386) (372,012) Net OPEB liability - - 1,519 1,796 6,302 9,617 Deferred inflows - related to pensions - - (4,539) - (18,351) (22,890) Deferred inflows - related to OPEB - - (7,455) (8,808) (30,920) (47,183) Total adjustments - 12,622 7,112,602 24,978 (130,025) 7,020,177 Net cash provided by (used in)
operating activities 220$ (1,963,479)$ 588,940 $ (4,283,148)$ (2,704,333) $ (8,361,800) $ For the Year Ended June 30, 2025
All Internal Service Funds
Combining Statement of Cash Flows (Continued)
City of Salinas
231 475
This page intentionally left blank.
232 476

PRIVATE PURPOSE TRUST FUNDS
The private-purpose trust funds accounts for assets and activities of the dissolved Redevelopment Agency, which is accounted for in the Successor Agency Trust, and other trust arrangement not otherwise reported in a pension trust.

Successor Agency Redevelopment Obligation Retirement – This fund accounts for all the financial activities of the Redevelopment Obligation Retirement Fund (RORF) related to the former Redevelopment Project Area in accordance with AB 1x26 and AB 1484 which unwind the Redevelopment Agency of the City of Salinas.

Successor Agency Administration – This fund accounts for the administrative activities of the Successor Agency to the former Salinas Redevelopment Agency which was dissolved on February 1, 2012 in accordance with AB 1x26 (enacted June 28, 2011).

Other Private Purpose Trust Funds – These funds are used to account for other trust arrangements not properly reported in a pension trust fund under which principal and income benefit individuals, private organizations, or other governments. The City accounts for the following trust funds: Community Center, Monterey Regional Water Pollution Control Agency (MRWPCA) Fees, Sales Tax, Payroll Taxes, Developer Deposits, Evidence Room, Construction Bonds, Monterey County Tourism Improvement District, Leadership Salinas, and miscellaneous.

Fiduciary Funds
233
477
This page intentionally left blank.
234 478
Redevelopment Total Other Total
Obligation Successor Agency Private Purpose Private Purpose Retirement Fund Administration Trust Trust Fund Trust Funds ASSETS
Cash and investments 2,340,179 $ 34,018 $ 2,374,197 $ 1,310,130 $ 3,684,327 $ Receivables:

Accounts - - - 7,618 7,618 Interest 6,662 - 6,662 1,096 7,758 Loans and notes 163,900 - 163,900 - 163,900 Total assets 2,510,741 34,018 2,544,759 1,318,844 3,863,603

LIABILITIES
Accounts payable - 66 66 191,758 191,824 Deposits payable - - - 169,744 169,744 Unearned revenue 817,554 10,000 827,554 - 827,554 Long-term debt:

Due in more than one year 157,500 - 157,500 - 157,500 Total liabilities 975,054 10,066 985,120 361,502 1,346,622

NET POSITION
Restricted for individuals and organizations 1,535,687 23,952 1,559,639 957,342 2,516,981 Total net position 1,535,687$ 23,952 $ 1,559,639 $ 957,342 $ 2,516,981 $ Combining Statement of Fiduciary Net Position
Successor Agency Trust
City of Salinas
Private Purpose Trust Funds
June 30, 2025
235 479
Redevelopment Total Other Total
Obligation Successor Agency Private Purpose Private Purpose Retirement Fund Administration Trust Trust Fund Trust Funds ADDITIONS:

Taxes 4,246,550$ 10,000 $ 4,256,550 $ - $ 4,256,550$ Private contributions - - - 6,306,404 6,306,404 Interest 90,738 - 90,738 18,445 109,183 Miscellaneous - - - 449,032 449,032 Total additions 4,337,288 10,000 4,347,288 6,773,881 11,121,169 DEDUCTIONS:

Expenses 107,621 1,159 108,780 130,790 239,570 Payments on behalf of trustees - 4,309 4,309 6,106,395 6,110,704 Contributions to other agencies 3,192,836 - 3,192,836 - 3,192,836 Payments to City 946,093 - 946,093 - 946,093 Total deductions 4,246,550 5,468 4,252,018 6,237,185 10,489,203 Change in net position 90,738 4,532 95,270 536,696 631,966 NET POSITION:

Beginning of year 1,444,949 19,420 1,464,369 420,646 1,885,015 End of year 1,535,687$ 23,952 $ 1,559,639 $ 957,342 $ 2,516,981 $ City of Salinas
Combining Statement of Changes in Fiduciary Net Position Successor Agency Trust
Private Purpose Trust Funds
For the Year Ended June 30, 2025
236 480
Custodial Funds
Custodial Funds are used to account for assets held by the City as an agent for individuals, private organizations, other governments and/or other funds. Agency Funds operate as a clearing mechanism. Cash resources are collected, held for a brief period and then distributed to the proper recipients. The City has a fiduciary responsibility for the assets, which it does not own outright.

Flexible Spending - This fund is used to account for revenues resulting of employee concessions contributions used to reduce the cost of medical, vision and dental health insurance premiums.

Downtown Community Benefit District - This fund accounts for the property assessment generated revenues imposed on the Downtown Community Benefit District. The concept is that eventually the Downtown Community Benefit District will grow and receive revenues from multiple sources within a defined boundary that can among other things, including entrepreneurial activities, special mandate, are not be excluded, and no exemptions for not-for-profit entities are being considered. It can be governed by a 501(c)3 non-profit corporation, merging the existing energies in Downtown into just one organization, rather than the 501(c)6 BID and the OSA Foundation. It can receive grants and donations, and merge these with more assessments that are powerful.

Fiduciary Funds
237
481
This page intentionally left blank.
238 482
Downtown Total
Flexible Community Custodial
Spending Benefit District Funds
ASSETS
Cash and investments 77,986$ 3,890 $ 81,876 $ Total assets 77,986 3,890 81,876

LIABILITIES
Accounts payable 169,087 3,890 172,977 Total liabilities 169,087 3,890 172,977

NET POSITION (DEFICIT)
Restricted for individuals and organizations (91,101) - (91,101) Total net position (deficit) (91,101)$ - $ (91,101)$ Combining Statement of Fiduciary Net Position
City of Salinas
Custodial Funds
June 30, 2025
239 483
Downtown Total
Flexible Community Custodial
Spending Benefit District Funds
ADDITIONS:

Taxes -$ 505,983$ 505,983 $ Plan member contributions 365,659 - 365,659 Total additions 365,659 505,983 871,642 DEDUCTIONS:

Expenses 352,368 - 352,368 Benefit payments 136,722 - 136,722 Assessments disbursed to other governments - 505,983 505,983 Total deductions 489,090 505,983 995,073 Change in net position (123,431) - (123,431) NET POSITION (DEFICIT):

Beginning of year 32,330 - 32,330 End of year (91,101)$ - $ (91,101)$ City of Salinas
Combining Statement of Changes of Fiduciary Net Position Custodial Funds
For the Year Ended June 30, 2025
240 484
General Measure E Measure G
Fund Fund Fund Total
ASSETS
Cash and investments 41,278,214$ 23,730,631 $ 25,211,234 $ 90,220,079 $ Receivables, net:

Accounts 917,236 - - 917,236 Taxes 10,127,718 3,499,433 7,035,175 20,662,326 Interest 296,775 74,550 80,284 451,609 Due from other agencies 98,864 - - 98,864 Leases 1,052,262 - - 1,052,262 Due from other funds 11,784,054 - - 11,784,054 Advances to other funds 2,785,000 - - 2,785,000 Total assets 68,340,123$ 27,304,614 $ 32,326,693 $ 127,971,430 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES, AND FUND BALANCES
Liabilities:

Accounts payable 2,473,046$ 231,382 $ 625,829 $ 3,330,257 $ Accrued liabilities 4,129,409 457,226 773,794 5,360,429 Due to other funds 17,235,353 313,154 975,077 18,523,584 Deposits payable 52,802 - - 52,802 Total liabilities 23,890,610 1,001,762 2,374,700 27,267,072

DEFERRED INFLOWS OF RESOURCES
Related to leases 995,273 - - 995,273 Total deferred inflows of resources 995,273 - - 995,273

Fund Balances (deficit):

Nonspendable 2,785,000 - - 2,785,000 Restricted 6,000,000 1,320,000 2,680,000 10,000,000 Committed 21,362,658 3,713,235 13,166,286 38,242,179 Assigned 8,134,367 7,702,794 8,987,839 24,825,000 Unassigned (deficit) 5,172,215 13,566,823 5,117,868 23,856,906 Total fund balances (deficit) 43,454,240 26,302,852 29,951,993 99,709,085 Total liabilities, deferred inflows of
resources, and fund balances 68,340,123$ 27,304,614 $ 32,326,693 $ 127,971,430 $ June 30, 2025
City of Salinas
Combining Balance Sheet
General, Measure E, & Measure G Funds
241 485
General Measure E Measure G Intrafund
Fund Fund Fund Eliminations Total
REVENUES:

Taxes 105,760,656$ 17,960,622 $ 36,033,894 $ - $ 159,755,172$ Licenses and permits 10,919,325 - - - 10,919,325 Intergovernmental 1,428,928 - - - 1,428,928 Charges for services 9,305,281 - - - 9,305,281 Interest (loss) 3,102,038 1,088,861 1,279,159 - 5,470,058 Rental income 406,138 - - - 406,138 Fines and forfeitures 198,664 - - - 198,664 Miscellaneous 1,017,855 (123) 351 - 1,018,083 Total revenues 132,138,885 19,049,360 37,313,404 - 188,501,649

EXPENDITURES:

Current:

General government 27,329,978 2,736 2,836,272 - 30,168,986 Public safety 75,823,190 3,961,042 9,339,186 - 89,123,418 Public works 10,079,553 8,383 6,898,201 - 16,986,137 Recreation 791,896 2,569,713 5,496,409 - 8,858,018 Library - 6,095,902 - - 6,095,902 Capital outlay 254,055 - 152,635 - 406,690 Debt service:

Principal 1,148,865 - - - 1,148,865 Interest and fiscal charges 163,990 - - - 163,990 Total expenditures 115,591,527 12,637,776 24,722,703 - 152,952,006

REVENUES OVER (UNDER) EXPENDITURES 16,547,358 6,411,584 12,590,701 - 35,549,643 OTHER FINANCING SOURCES (USES):

Proceeds from issuance of long-term debt 239,641 - - - 239,641 Transfers in 4,977,200 - - (2,512,200) 2,465,000 Transfers out (18,221,803) (2,391,593) (14,805,692) 2,512,200 (32,906,888) Total other financing sources (uses) (13,004,962) (2,391,593) (14,805,692) - (30,202,247) NET CHANGE IN FUND BALANCES 3,542,396 4,019,991 (2,214,991) - 5,347,396 FUND BALANCES:

Beginning of year 39,911,844 22,282,861 32,166,984 - 94,361,689 End of year 43,454,240$ 26,302,852 $ 29,951,993 $ - $ 99,709,085$ For the Year Ended June 30, 2025
City of Salinas
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances General, Measure E, & Measure G Funds
242 486
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Taxes 17,200,000$ 17,200,000 $ 17,960,622 $ 760,622 $ Interest 300,000 300,000 1,088,861 788,861 Miscellaneous - - (123) (123) Total revenues 17,500,000 17,500,000 19,049,360 1,549,360 EXPENDITURES:

Current:

General government 59,000 59,000 2,736 56,264 Public safety 4,456,200 4,459,200 3,961,042 498,158 Public works - 9,772 8,383 1,389 Recreation 2,888,270 2,878,498 2,569,713 308,785 Library 6,136,900 6,136,901 6,095,902 40,999 Total expenditures 13,540,370 13,543,371 12,637,776 905,595 REVENUES OVER (UNDER) EXPENDITURES 3,959,630 3,956,629 6,411,584 (2,454,955) OTHER FINANCING SOURCES (USES):

Transfers out (2,169,700) (12,098,972) (2,391,593) (9,707,379) Total other financing sources (uses) (2,169,700) (12,098,972) (2,391,593) (9,707,379) Net change in fund balance 1,789,930$ (8,142,343) $ 4,019,991 12,162,334 $ FUND BALANCE:

Beginning of year 22,282,861
End of year 26,302,852$
City of Salinas
Budgetary Comparison Schedule
Measure E
For the Year Ended June 30, 2025
Bud
geted Amounts
243 487
Variance with
Final Budget
Actual Favorable/
Original Final Amount s (Unfavorable)
REVENUES:

Taxes 34,400,000$ 34,400,000 $ 36,033,894 $ 1,633,894 $ Interest 500,000 500,000 1,279,159 779,159 Total revenues 34,900,000 34,900,000 37,313,404 2,413,404 EXPENDITURES:

Current:

General government 2,965,170 3,777,670 2,836,272 941,398 Public safety 8,713,520 8,728,560 9,339,186 (610,626) Public works 7,038,678 7,264,252 6,898,201 366,051 Recreation 5,363,377 5,647,689 5,496,409 151,280 Capital outlay 122,825 136,998 152,635 136,998 Total expenditures 24,203,570 25,555,169 24,722,703 985,101 REVENUES OVER (UNDER) EXPENDITURES 10,696,430 9,344,831 12,590,701 (3,245,870) OTHER FINANCING SOURCES (USES):

Transfers out (10,256,200) (33,113,804) (14,805,692) (18,308,112) Total other financing sources (uses) (10,256,200) (33,113,804) (14,805,692) (18,308,112) Net change in fund balance 440,230$ (23,768,973)$ (2,214,991) 21,553,982 $ FUND BALANCE:

Beginning of year 32,166,984
End of year 29,951,993$
City of Salinas
Budgetary Comparison Schedule
Measure
G
For the Year Ended June 30, 2025
Budgeted Amounts
244 488

OTHER INFORMATION
245 489
2016 2017 2018 2019 2020
Net earned required contribution
and investment revenues 1,019,378 $ 1,074,526 $ 863,563 $ 342,324 $ 263,104 $ Unallocated expenses 339,171 314,127 374,303 651,645 748,046 Estimated incurred claims and expenses,
end of policy year 534,565 36,271 7,532 892,986 4,006 Paid claims as of:

End of policy year 116,262 15,603 6,310 75,401 3,618 One year later 20,991 227,379 22,088 387,594 7,635 Two years later 64,153 846,232 285,818 2,660,599 312,080 Three years later 65,043 947,734 340,771 2,723,293 225,494 Four years later 66,412 1,019,825 1,072,628 895,990 308,901 Five years later 835,586 1,721,882 438,723 927,957 354,018 Six years later 588,263 90,970 525,270 927,957 Seven years later 563,125 90,970 525,675 Eight years later 563,125 90,970
Nine years later 563,125
Reestimated incurred claims and expenses:

End of policy year 234,565 36,271 7,532 892,986 4,006 One year later 194,433 357,416 796,619 1,583,466 42,411 Two years later 79,955 1,714,261 327,418 3,952,801 468,435 Three years later 94,678 949,419 666,518 3,936,716 51,124 Four years later 80,580 1,041,511 1,144,430 17,475 204,287 Five years later 835,586 1,721,882 8,760 2,434,585 204,287 Six years later 1,234,203 131,016 1,000,872 2,434,585 Seven years later 26,455 1,635,665 1,000,872 Eight years later 622,109 1,635,665
Nine years later 622,109
Increase/(decrease) in estimated incurred
claims and expenses 387,544 1,599,394 993,340 1,541,599 200,281 City of Salinas
Other Information (Unaudited)
Claims Development
Internal Service Funds - General Liability Insurance
Last Ten Fiscal Years
246 490
2021 2022 2023 2024 2025
Net earned required contribution
and investment revenues 276,393 $ 1,228,577 $ 273,301 $ 265,624 $ 403,927 $ Unallocated expenses 1,090,415 1,860,605 2,140,090 2,890,348 2,537,406 Estimated incurred claims and expenses,
end of policy year 53,317 603,165 19,883 19,203 50,678 Paid claims as of:

End of policy year 2,999 233,121 120 50,111 81,911 One year later 33,435 47,068 337 877,899 Two years later 428,518 126,776 328,869 Three years later 513,811 340,302
Four years later 538,056
Five years later
Six years later
Seven years later
Eight years later
Nine years later
Reestimated incurred claims and expenses:

End of policy year 53,317 603,165 19,883 19,203 50,678 One year later 778,790 66,288 38,767 51,986 Two years later 11,615 818,262 122,675 Three years later 707,865 1,143,262
Four years later 887,865
Five years later
Six years later
Seven years later
Eight years later
Nine years later
Increase/(decrease) in estimated incurred
claims and expenses 834,548 540,097 102,793 32,783 - City of Salinas
Other Information (Unaudited)
Claims Developmen
t
Internal Service Funds - General Liability Insurance (Continued) Last Ten Fiscal Years
247 491
2016 2017 2018 2019 2020
Net earned required contribution
and investment revenues 13,748,053 $ 4,743,276 $ 4,922,253 $ 6,079,547 $ 10,151,619 $ Unallocated expenses 471,472 334,542 1,056,134 210,341 436,618 Estimated incurred claims and expenses,
end of policy year 813,874 953,545 1,284,514 1,222,180 1,638,983 Paid claims as of:

End of policy year 333,561 357,390 346,475 722,652 567,497 One year later 1,061,264 1,070,983 1,177,834 1,580,493 1,844,018 Two years later 1,602,857 1,997,607 1,617,945 1,987,948 2,550,102 Three years later 1,895,742 2,329,308 1,937,327 2,763,247 2,996,808 Four years later 2,014,757 2,558,332 2,010,366 2,941,966 3,444,801 Five years later 2,044,352 270,304 2,133,667 3,077,553 3,641,213 Six years later 2,064,349 2,846,811 2,170,114 3,470,753 Seven years later 2,105,316 3,594,261 2,199,891 Eight years later 2,151,551 3,654,630
Nine years later 2,158,501
Reestimated incurred claims and expenses:

End of policy year 813,874 953,545 1,284,514 1,222,180 1,638,983 One year later 1,711,199 1,934,390 1,833,783 2,488,357 3,759,255 Two years later 2,433,616 2,924,696 2,290,339 3,269,045 4,558,744 Three years later 2,406,924 2,932,147 3,249,184 4,060,647 2,012,955 Four years later 2,505,621 3,111,763 3,195,733 1,061,645 1,801,516 Five years later 2,618,375 3,804,982 1,135,620 1,134,913 1,616,899 Six years later 2,636,313 1,104,685 1,088,259 1,016,053 Seven years later 576,053 319,687 1,073,138 Eight years later 727,812 321,398
Nine years later 318,619
Increase/(decrease) in estimated incurred
claims and expenses (495,255) (632,147) (211,376) (206,127) (22,084) City of Salinas
Other Information (Unaudited)
Claims Development
Internal Service Funds - Workers Compensation Insurance Last Ten Fiscal Years
248 492
2021 2022 2023 2024 2025
Net earned required contribution
and investment revenues 8,119,793 $ 5,176,801 $ 5,807,667 $ 6,502,944 $ 7,441,392 $ Unallocated expenses 323,042 216,651 216,651 216,651 223,150 Estimated incurred claims and expenses,
end of policy year 4,366,805 2,233,467 2,515,012 2,311,342 3,403,343 Paid claims as of:

End of policy year 1,420,172 930,895 1,518,668 1,093,682 824,823 One year later 2,372,771 3,271,499 3,811,029 2,767,901 Two years later 3,310,505 5,525,014 5,416,865 Three years later 4,778,794 6,724,967
Four years later 5,111,407
Five years later
Six years later
Seven years later
Eight years later
Nine years later
Reestimated incurred claims and expenses:

End of policy year 4,366,805 2,223,467 2,515,012 2,311,342 3,403,343 One year later 5,391,076 4,145,263 3,587,562 2,812,896 Two years later 3,959,616 4,678,243 3,180,582 Three years later 1,495,635 4,480,758
Four years later 1,092,887
Five years later
Six years later
Seven years later
Eight years later
Nine years later
Increase/(decrease) in estimated incurred
claims and expenses (3,273,918) 2,257,291 665,570 501,554 - City of Salinas
Other Information (Unaudited)
Claims Developmen
t
Internal Service Funds - Workers Compensation Insurance (Continued) Last Ten Fiscal Years
249 493
This page intentionally left blank.
250 494

STATISTICAL SECTION
251 495
2015-16 2016-17 2017-18 2018-19 2019-20
Governmental Activities:

Net investment in capital assets 149,110,836$ 151,863,517 $ 165,269,307 $ 132,079,740 $ 143,281,912 $ Restricted 44,746,885 38,505,368 43,285,333 87,701,244 89,496,097 Unrestricted (deficit) (134,121,226) (116,218,453) (133,796,786) (120,946,521) (134,321,510) Total government activities net position 59,736,495$ 74,150,432 $ 74,757,854 $ 98,834,463 $ 98,456,499 $ Business-type Activities:

Net investment in capital assets 86,565,608$ 83,589,376 $ 80,551,269 $ 78,755,026 $ 76,397,363 $ Restricted 3,696,823 3,018,809 1,932,223 1,965,948 1,949,081 Unrestricted 6,578,760 6,639,777 7,886,163 8,036,958 8,998,352 Total business-type net position 96,841,191$ 93,247,962 $ 90,369,655 $ 88,757,932 $ 87,344,796 $ Primary Government
Net investment in capital assets 235,676,444$ 235,452,893 $ 245,820,576 $ 210,834,766 $ 219,679,275 $ Restricted 48,443,708 41,524,177 45,217,556 89,667,192 91,445,178 Unrestricted (deficit) (127,542,466) (109,578,676) (125,910,623) (112,909,563) (125,323,158) Total primary government net position 156,577,686$ 167,398,394 $ 165,127,509 $ 187,592,395 $ 185,801,295 $ City of Salinas
Net Position by Component
Last Ten Fiscal Years
accrual basis of accounting
252 496
Schedule 1
2020-21 2021-22 2022-23 2023-24 2024-25
Governmental Activities:

Net investment in capital assets 167,726,772$ 204,559,079 $ 212,511,725 $ 223,199,988 $ 221,270,561 $ Restricted 80,741,294 76,573,216 84,106,986 89,559,884 123,726,335 Unrestricted (deficit) (132,215,799) (111,270,940) (103,386,480) (125,547,113) (129,249,480) Total government activities net position 116,252,267$ 169,861,355 $ 193,232,231 $ 187,212,759 $ 215,747,416 $ Business-type Activities:

Net investment in capital assets 77,467,957 $ 47,973,525 $ 45,330,812 $ 44,273,730 $ 42,828,175 $ Restricted 6,807 - - - - Unrestricted (deficit) 7,395,738 8,245,394 7,105,284 10,174,571 10,485,064 Total primary government net position 84,870,502$ 56,218,919 $ 52,436,096 $ 54,448,301 $ 53,313,239 $ Primary Government
Net investment in capital assets 245,194,729$ 252,532,604 $ 257,842,537 $ 267,473,718 $ 264,098,736 $ Restricted 80,748,101 76,573,216 84,106,986 89,559,884 123,726,335 Unrestricted (deficit) (124,820,061) (103,025,546) (96,281,196) (115,372,542) (118,764,416) Total primary government net position 201,122,769$ 226,080,274 $ 245,668,327 $ 241,661,060 $ 269,060,655 $ City of Salinas
Net Position by Component (Continued)
Last Ten Fiscal Years
accrual basis of accounting
253 497
2015-16 2016-17 2017-18 2018-19 2019-20
Program Functions
Governmental activities
General government (10,490,317) $ (11,703,239) $ (15,576,829) $ 3,892,145 $ (3,549,819) $ Public safety (54,464,917) (62,938,627) (65,552,658) (87,583,641) (99,190,153) Public works (17,413,222) (26,931,555) (27,431,103) (22,913,235) (18,938,990) Recreation (2,523,212) (2,535,785) (2,873,180) (4,153,713) (4,212,571) Library (3,942,678) (4,289,362) (4,760,510) (4,926,139) (4,681,660) Interest on long-term debt (1,486,654) (1,639,707) (1,103,866) (3,746,197) (3,807,469) Total government activities program functions (90,321,000) (110,038,275) (117,298,146) (119,430,780) (134,380,662) General Revenues and Other Changes in Net Position
Governmental activities
Taxes
Sales tax 62,373,876$ 64,579,520 $ 64,924,869 $ 72,866,480 $ 69,670,899 $ Property tax 26,049,176 26,987,393 28,499,277 30,099,616 31,484,162 Utility users tax 12,060,151 11,669,515 12,562,782 11,663,551 11,654,328 Franchise tax 8,701,170 9,064,319 8,920,619 9,088,100 9,305,059 Business tax 4,828,100 7,435,123 7,205,531 8,040,739 7,434,073 Transient occupancy tax 2,601,117 2,730,456 2,917,997 3,610,296 2,824,027 Other taxes 1,029,889 580,430 421,584 773,899 708,577 Investment Earnings 304,982 509,020 1,045,387 4,487,749 2,753,098 Gain (loss) on sale of capital assets 2,239,354 377,969 (270,444) 54,930 - Miscellaneous revenue 581,326 1,505,726 1,271,291 1,792,717 2,231,781 Transfers (1,290,241) (855,521) (1,900,111) (3,703,420) (4,063,306) Total government activities general revenues 119,478,900 124,583,950 125,598,782 138,774,657 134,002,698 Total government activities changes in net position 29,157,900$ 14,545,675 $ 8,300,636 $ 19,343,877 $ (377,964) $ Program Functions
Business Type activities
Airport 712,576$ 168,108 $ (240,653) $ (631,541) $ (463,611) $ Industrial waste 2,759,859 1,476,455 1,763,043 851,477 1,030,744 Municipal golf courses (731,129) (622,086) (599,405) (441,054) (228,041) Sanitary sewer (254,385) (581,000) (164,315) (498,418) (663,157) Storm sewer (4,074,720) (4,541,418) (4,086,805) (5,710,647) (4,563,120) Water utility (10,267) (10,046) (15,731) (15,774) (13,381) Downtown parking (1,305,652) (1,356,967) (1,505,068) 36,662 (3,232) Permit services - - 102,237 691,666 (362,346) Interest on long-term debt - - - - - Total business type program function (2,903,718) (5,466,954) (4,746,697) (5,717,629) (5,266,144) General Revenues and Other Changes in Net Position
Business Type activities
Taxes
Revenue from Fiduciary Funds - $ - $ - $ - $ - $ Investment Earnings 106,627 67,261 157,966 379,511 328,265 Gain (loss) on sale of capital assets - - (18,843) 3,886 4,501 Miscellaneous revenue 950,535 950,943 951,566 - - Transfers 1,314,577 855,521 1,900,111 3,703,420 4,063,306 Total business type activities general revenues 2,371,739 1,873,725 2,990,800 4,086,817 4,396,072 Total business type activities changes in net position (531,979)$ (3,593,229) $ (1,755,897) $ (1,630,812) $ (870,072) $ Total primary government changes in net position 28,625,921$ 10,952,446 $ 6,544,739 $ 17,713,065 $ (1,248,036) $ City of Salinas
Changes in Net Position
Last Ten Fiscal Years
accrual basis of accounting
254 498
Schedule 2
2020-21 2021-22 2022-23 2023-24 2024-25
Program Functions
Governmental activities
General government 6,262,338 $ (13,706,071) $ (2,980,124) $ (14,424,431) $ (13,769,549) $ Public safety (95,334,628) (86,324,078) (97,734,106) (120,478,622) (95,612,921) Public works (23,081,474) (14,887,126) (23,146,312) (26,409,016) (21,246,383) Recreation (3,932,796) (7,503,502) (10,157,949) (11,985,675) (13,532,105) Library (4,762,278) (4,863,134) (5,820,068) (6,426,865) (6,395,481) Interest on long-term debt (4,954,767) (4,808,025) (4,371,939) (4,063,122) (3,921,907) Total government activities program functions (125,803,605) (132,091,936) (144,210,498) (183,787,731) (154,478,346) General Revenues and Other Changes in Net Position
Governmental activities
Taxes
Sales tax 80,811,345$ 88,968,698 $ 91,620,947 $ 91,312,258 $ 94,640,604 $ Property tax 33,087,471 34,755,630 37,290,006 39,126,724 40,561,028 Utility users tax 11,608,242 12,106,526 12,766,039 14,050,246 15,758,261 Franchise tax 9,620,994 10,600,386 9,717,168 10,043,832 10,423,060 Business tax 7,034,664 7,234,759 6,902,315 7,481,659 6,724,871 Transient occupancy tax 2,338,402 3,682,621 3,224,396 2,906,219 2,828,874 Other taxes - - - 3,045 261,482 Investment Earnings 777,268 (1,572,611) 6,345,564 11,203,141 11,638,579 Gain (loss) on sale of capital assets 10,926 (34,879) (47,200) 5,690 (3,653,255) Miscellaneous revenue 1,834,421 1,220,103 262,754 991,325 418,622 Transfers (3,524,360) 4,243,402 (500,615) 644,120 3,410,877 Total government activities general revenues 143,599,373 161,204,635 167,581,374 177,768,259 183,013,003 Total government activities changes in net position 17,795,768$ 29,112,699 $ 23,370,876 $ (6,019,472) $ 28,534,657 $ Program Functions
Business Type activities
Airport (604,366)$ (398,015) $ (558,191) $ (382,276) $ (841,554) $ Industrial waste 905,368 878,616 (370,171) (293,894) 747,922 Municipal golf courses (336,722) - - - - Sanitary sewer (861,624) (900,846) (797,807) (663,643) (952,224) Storm sewer (5,426,920) - - - - Water utility (12,577) - - - - Downtown parking (220,274) (1,831,590) (1,432,311) (1,576,209) (1,831,521) Permit services 444,299 972,911 (370,221) 2,193,952 1,544,963 Interest on long-term debt - (709,198) (671,380) (629,735) (584,217) Total business type program function (6,112,816) (1,988,122) (4,200,081) (1,351,805) (1,916,631) General Revenues and Other Changes in Net Position
Business Type activities
Taxes
Revenue from Fiduciary Funds - $ - $ - $ - $ 946,093$ Investment Earnings 87,962 (37,810) 503,455 925,646 1,032,269 Gain (loss) on sale of capital assets 26,200 - (2,402,411) (12,058) - Miscellaneous revenue - 2,614,571 1,815,599 3,094,542 2,214,084 Transfers 3,524,360 (4,243,402) 500,615 (644,120) (3,410,877) Total business type activities general revenues 3,638,522 (1,666,641) 417,258 3,364,010 781,569 Total business type activities changes in net position (2,474,294)$ (3,654,763) $ (3,782,823) $ 2,012,205 $ (1,135,062) $ Total primary government changes in net position 15,321,474$ 25,457,936 $ 19,588,053 $ (4,007,267) $ 27,399,595 $ City of Salinas
Changes in Net Position (Continued)
Last Ten Fiscal Years
accrual basis of accounting
255 499
2015-16 2016-17 2017-18 2018-19 2019-20
General Fund
Nonspendable 4,226,413 $ 4,975,310 $ 6,948,604 $ 6,171,019 $ 6,618,146 $ Restricted - - - - - Committed 12,819,700 15,177,339 5,038,675 5,038,675 5,038,675 Assigned 13,169,516 6,439,802 12,161,256 30,739,004 30,739,004 Unassigned 3,040,076 16,301,224 9,764,806 10,323,543 13,015,196 Total general fund 33,255,705 $ 42,893,675 $ 33,913,341 $ 52,272,241 $ 55,411,021 $ All Other Governmental Funds
Nonspendable 6,514,124 $ 2,507,553 $ 2,524,124 $ 2,734,158 $ 2,507,553 $ Restricted 37,237,337 35,131,863 40,241,770 84,967,086 86,988,544 Committed 2,000,000 4,159,828 8,516,804 2,000,000 2,096,246 Assigned 1,794,208 - - - - Unassigned (deficit) (1,317,970) (1,264,764) (9,545,676) (3,880,400) (3,166,131) Total all other governmental funds 46,227,699 $ 40,534,480 $ 41,737,022 $ 85,820,844 $ 88,426,212 $ Total all governmental funds 79,483,404 $ 83,428,155 $ 75,650,363 $ 138,093,085 $ 143,837,233 $ City of Salinas
Fund Balances of Governmental Funds
Last Ten Fiscal Years
accrual basis of accounting
256 500
Schedule 3
2020-21 2021-22 2022-23 2023-24 2024-25
General Fund
Nonspendable 7,060,000 $ 2,785,000 $ 2,785,000 $ 2,785,000 $ 2,785,000 $ Restricted - 6,000,000 6,000,000 10,000,000 10,000,000 Committed 2,345,602 36,365,323 36,101,009 39,909,826 38,242,179 Assigned 25,079,875 15,266,804 18,387,565 31,490,364 23,856,906 Unassigned 30,010,062 9,567,543 22,085,188 10,176,499 24,825,000 Total general fund 64,495,539 $ 69,984,670 $ 85,358,762 $ 94,361,689 $ 99,709,085 $ All Other Governmental Funds
Nonspendable 2,524,124 $ 1,463,139 $ 1,450,526 $ 1,439,746 $ 3,303,696 $ Restricted 70,273,209 73,000,753 81,557,344 88,415,240 112,144,762 Committed 2,000,000 2,141,985 2,141,985 8,632,080 7,153,469 Assigned - - - - - Unassigned (deficit) (877,889) (3,263,121) (4,295,780) (10,397,442) (1,268,984) Total all other governmental funds 73,919,444 $ 73,342,756 $ 80,854,075 $ 88,089,624 $ 121,332,943 $ Total all governmental funds 138,414,983 $ 143,327,426 $ 166,212,837 $ 182,451,313 $ 221,042,028 $ City of Salinas
Fund Balances of Governmental Funds (Continued)
Last Ten Fiscal Years
accrual basis of accounting
257 501
2015-16 2016-17 2017-18 2018-19 2019-20
Revenues
Taxes 116,588,839$ 115,611,632 $ 118,261,582 $ 127,939,543 $ 132,305,683 $ Taxes - special assessments 2,833,325 2,483,106 2,514,982 2,479,777 2,521,100 Licenses and permits 1,591,305 6,642,397 6,357,723 7,490,908 824,569 Intergovernmental 17,239,454 17,441,983 24,531,643 19,052,616 21,287,712 Charges for service 5,779,360 6,340,509 6,507,589 8,304,237 6,224,883 Investment income (loss) 572,229 509,019 1,045,387 3,416,428 2,989,595 Rental income 575,124 512,490 608,312 635,882 545,137 Fines and forfeitures 474,447 792,725 847,826 549,831 640,262 Miscellaneous 1,247,912 1,871,079 1,124,430 1,705,367 4,513,618 Total revenues 146,901,995 152,204,940 161,799,474 171,574,589 171,852,559 Expenditures
Current:

General government 20,302,850 27,936,383 34,303,909 19,092,506 29,432,887 Public safety 64,668,021 71,730,386 76,243,153 75,938,379 78,580,637 Public works 12,792,810 13,118,008 13,512,685 12,789,997 17,231,621 Recreation 1,930,449 2,471,488 2,566,808 3,963,593 3,493,581 Library 4,516,332 4,643,159 4,805,647 5,113,905 4,781,223 Capital outlay 36,956,428 20,867,874 29,816,713 23,944,192 10,658,987 Debt service
Principal 9,300,000 7,979,428 3,232,023 3,159,338 9,905,582 Interest and fiscal charges 1,860,336 1,659,842 1,094,547 3,397,650 4,102,067 Bond issuance costs - - - - - Total expenditures 152,327,226 150,406,568 165,575,485 147,399,560 158,186,585 Excess of revenues over (under) expenditures (5,425,231) 1,798,372 (3,776,011) 24,175,029 13,665,974 Other Financing Sources (Uses)
Proceeds from issuance of long-term debt 9,670,683 4,555,000 - 44,207,527 2,295,255 Proceeds from issuance of subscriptions - - - - - Proceeds from issuance of leases - - - - - Transfers in 41,871,648 22,089,828 26,227,345 25,201,691 27,633,653 Transfers out (43,504,889) (25,123,449) (30,229,126) (34,219,715) (35,895,259) Total other financing sources (uses) 8,037,442 1,521,379 (4,001,781) 35,189,503 (5,966,351) Net change in fund balance 2,612,211 3,319,751 (7,777,792) 59,364,532 7,699,623 Debt service as a percentage of noncapital expenditures 9.7% 7.4% 3.2% 5.3% 9.5% City of Salinas
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
accrual basis of accounting
258 502
Schedule 4
2020-21 2021-22 2022-23 2023-24 2024-25
Revenues
Taxes 145,043,435$ 146,371,334 $ 151,267,363 $ 153,971,152 $ 160,403,978 $ Taxes - special assessments 2,774,645 749,723 561,982 502,652 501,200 Licenses and permits 812,083 11,655,858 10,691,862 11,309,586 11,016,331 Intergovernmental 31,404,757 43,503,917 42,767,631 49,384,015 62,746,390 Charges for service 6,854,066 7,779,989 8,114,352 6,050,377 24,969,116 Investment income (loss) 673,582 (2,221,283) 5,505,406 9,883,356 10,254,997 Rental income 927,623 597,016 641,793 812,030 717,127 Fines and forfeitures 623,400 736,590 543,135 711,595 332,097 Miscellaneous 2,243,489 5,205,563 3,117,144 3,465,643 3,586,484 Total revenues 191,357,080 214,378,707 223,210,668 236,090,406 274,527,720 Expenditures
Current:

General government 39,992,586 41,040,602 39,056,519 43,240,999 46,965,317 Public safety 82,842,431 86,257,361 90,370,207 93,218,151 96,074,412 Public works 18,892,966 21,406,979 25,392,307 25,959,566 28,351,504 Recreation 2,935,550 6,203,379 9,088,579 10,257,955 11,107,419 Library 4,363,997 4,759,516 5,370,849 5,655,883 6,414,779 Capital outlay 29,525,238 18,038,903 12,436,563 31,688,117 33,353,305 Debt service
Principal 6,465,528 15,167,720 8,063,292 8,341,358 8,026,570 Interest and fiscal charges 5,951,232 5,474,806 5,096,739 4,774,021 4,515,533 Bond issuance costs - - - - 63,684 Total expenditures 190,969,528 198,349,266 194,875,055 223,136,050 234,872,523 Excess of revenues over (under) expenditures 387,552 16,029,441 28,335,613 12,954,356 39,655,197 Other Financing Sources (Uses)
Proceeds from issuance of long-term debt 3,371,258 1 410,213 - - Proceeds from issuance of subscriptions - - - - 239,641 Proceeds from issuance of leases - - - - 4,735,000 Transfers in 26,900,580 36,013,486 35,916,982 45,212,136 45,711,257 Transfers out (36,081,640) (44,551,384) (41,777,397) (50,928,016) (51,750,380) Total other financing sources (uses) (5,809,802) (8,537,897) (5,450,202) (5,715,880) (1,064,482) Net change in fund balance (5,422,250) 7,491,544 22,885,411 7,238,476 38,590,715 Debt service as a percentage of noncapital expenditures 7.7% 11.4% 7.2% 6.9% 5.7% City of Salinas
Changes in Fund Balances of Governmental Funds (Continued) Last Ten Fiscal Years
accrual basis of accounting
259 503
Schedule 5
Taxable
Assessed Direct
Fiscal Year Secured Unsecured SBE Nonunitary Value(1) Rate 2015-16 9,319,550,214 $ 640,297,582 $ 3,934,826 $ 9,963,782,622 $ 0.14690% 2016-17 9,767,715,990 651,335,351 3,470,236 10,422,521,577 0.14660% 2017-18 10,238,835,813 669,809,400 3,470,236 10,912,115,449 0.14642% 2018-19 10,757,374,277 656,477,084 3,470,236 11,417,321,597 0.14654% 2019-20 11,276,259,989 800,945,719 3,488,485 12,080,694,193 0.14597% 2020-21 11,827,782,321 803,250,124 5,035,765 12,636,068,210 0.14572% 2021-22 12,232,849,898 813,400,265 5,035,765 13,051,285,928 0.14564% 2022-23 12,989,192,919 839,425,903 5,035,765 13,833,654,587 0.14527% 2023-24 13,568,979,378 923,910,678 5,035,765 14,497,925,821 0.14540% 2024-25 14,253,543,407 969,927,008 5,035,765 15,228,506,180 0.14452% Notes:
(1)
Source: Monterey County Assessor 2015/16 - 2024/25 Combined Tax Rolls.

City of Salinas
Assessed Value and Actual Value of Taxable Property
Last Ten Fiscal Years
In 1978 the voters of the State of California passed Proposition 13 which limited taxes to a total maximum rate of 1%, based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum of 2%). With few exceptions, property is only reassessed as a result of new construction activity or at the time it is sold to a new owner. At that point, the property is reassessed based upon the added value of the construction or at the purchase price (market value) or economic value of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.260 504 Schedule 6
Total Direct
and
Basic Alisal Salinas City Salinas Union Santa Rita Spreckels Overlapping Fiscal Year Levy Union Hartnell Elementary High Union Union Rate 2015-16 1.00000% 0.16320% 0.02113% 0.04151% 0.11438% 0.07310% 0.06995% 1.48327% 2016-17 1.00000% 0.17218% 0.01921% 0.03094% 0.09903% 0.06996% 0.05246% 1.44378% 2017-18 1.00000% 0.23166% 0.03724% 0.02309% 0.06521% 0.06869% 0.05825% 1.48414% 2018-19 1.00000% 0.19092% 0.03765% 0.03407% 0.03079% 0.06758% 0.04404% 1.40505% 2019-20 1.00000% 0.23983% 0.03561% 0.02441% 0.03389% 0.01015% 0.03563% 1.37952% 2020-21 1.00000% 0.18954% 0.04289% 0.02646% 0.01004% 0.03771% 0.03624% 1.34288% 2021-22 1.00000% 0.17677% 0.02169% 0.03241% 0.04475% 0.06370% 0.03737% 1.37669% 2022-23 1.00000% 0.12180% 0.04432% 0.02573% 0.05162% 0.03129% 0.03603% 1.31079% 2023-24 1.00000% 0.21538% 0.03313% 0.02999% 0.07862% 0.04833% 0.03577% 1.44122% 2024-25 1.00000% 0.21926% 0.03418% 0.05244% 0.07183% 0.10111% 0.03490% 1.51372% Notes:
(1)
Source: Monterey County Assessor 2015-16 - 2024/25 Tax Rate Table.

In 1978, California voters passed Proposition 13 which set the property tax rate at a 1.00% fixed amount. This 1.00% is shared by all taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of any voter approved bonds.

Overlapping Rates
City of Salinas
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
261 505
Schedule 7
Total % of Total Total % of Total
Assessed City Taxable Assessed City Taxable
Taxpayer Value Rank Assessed Value Value Rank Assessed Value Mersho Investments LLC 95,046,734 $ 1 0.62% - $ - - CMP-1 LLC 91,966,531 2 0.60% 77,151,209 2 0.77% Harden Ranch Plaza Associates LLC 90,267,425 3 0.59% 76,366,675 3 0.77% Taylor Farms Retail Inc. 86,671,720 4 0.57% 69,688,383 4 0.70% Taylor Farms California Inc. 82,773,760 5 0.54% - - - California Water Service Company 77,524,436 6 0.51% 42,504,267 8 0.43% Salinas City Center LLC 58,978,438 7 0.39% - - - The Uni-Kool Partners 56,611,208 8 0.37% 41,493,963 9 0.42% Chiquita Brands International Inc. 51,522,192 9 0.34% 48,818,705 6 0.49% Casentini Street Apartments LLC 48,444,260 10 0.32% - - - Northridge Owner LP - - - 123,435,882 1 1.24% Fresh Express Inc. - - - 61,579,899 5 0.62% Mann Packing Company Inc. - - - 45,958,737 7 0.46% Growers Ice Company - - - 41,199,626 10 0.41% Total 739,806,704$ 4.85% 628,197,346 $ 6.31%
Source: Monterey County Assessor 2015/16 - 2024/25 Combined Tax Rolls and the SBE Non Unitary Tax Roll. 2015-162024-25
City of Salinas
Principal Property Tax Payers
Current Year and Nine Years Ago
262 506
Schedule 8
Taxes Levied Delinquent
for the Amount Percentage Tax
Fiscal Year Fiscal Year(1) Collected of Levy Collections(2) 2015-16 13,549,327 $ 13,434,529 $ 99.15% 211,345 $ 2016-17 14,283,349 14,158,803 99.13% 200,190 2017-18 14,952,545 14,861,993 99.39% 183,568 2018-19 15,676,194 15,529,233 99.06% 225,285 2019-20 16,446,333 16,144,400 98.16% 161,770 2020-21 17,187,585 17,178,305 99.95% 221,769 2021-22 17,770,945 17,630,571 99.21% 207,476 2022-23 18,867,138 18,775,945 99.52% 141,841 2023-24 19,778,162 19,649,179 99.35% 309,600 2024-25 20,971,156 20,646,267 98.45% 172,421 Notes:
(1)
(2)
Source: Monterey County Auditor-Controller.

Taxes levied are based on revenue estimates provided annually by the Monterey County Auditor-Controller Agency.

Collected within the
Fiscal Year of the Levy
The City does not have access to data showing delinquent tax collections by fiscal year of delinquency. Amounts shown are total collections of delinquent property taxes during the year.

City of Salinas
Property Tax Levies and Collections
Last Ten Fiscal Years
263 507
Schedule 9
Percentage of
Direct Certificates Assessment Total Taxable Percentage of Borrowing - Of District Outstanding Assessed Personal Debt Per Fiscal Year Capital Leases Participation Bonds Debt Value(2) Income(3) Capita(4) 2015-16 28,479,082$ 7,035,000 $ 6,160,000 $ 41,674,082 $ 0.42% 1.52% 259 $ 2016-17 26,979,654 6,510,000 4,760,000 38,249,654 0.37% 1.38% 235 2017-18 94,647,219 5,970,000 3,775,000 104,392,219 0.96% 3.65% 645 2018-19 96,347,881 46,871,285 5,719,934 148,939,100 1.30% 4.93% 915 2019-20 88,522,299 45,237,690 7,183,854 140,943,843 1.17% 4.39% 869 2020-21 65,977,431 62,304,689 9,489,303 137,771,423 1.09% 4.10% 860 2021-22 56,058,302 65,546,356 8,799,773 130,404,431 1.00% 3.52% 815 2022-23 51,685,223 62,153,846 8,206,866 122,045,935 0.88% 2.99% 765 2023-24 46,818,865 58,620,763 7,583,959 113,023,587 0.78% 2.54% 698 2024-25 47,011,936 54,936,999 7,366,052 109,314,987 0.72% 2.34% 680 Notes:
(1)
(2)
(3)
(4)
City of Salinas
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Personal income data is disclosed in Schedule 13.

Population data is disclosed in Schedule 13.

Property value data is disclosed in Schedule 5.

Governmental Activities(1)
Outstanding debt includes unamortized bond premium. Details regarding the City's outstanding debt can be found in the Notes to the Basic Financial Statements.

A prior period adjustment of $6,8771,886 was made in FY 21-22 to move certain debts from business-type activities and to implement GASB 87 Leases.
264 508
Schedule 10
Percentage of
Certificates Assessment Total Taxable
Of District Outstanding Assessed Debt Per
Fiscal Year Participation Bonds Debt Value(2) Capita(3) 2015-16 7,035,000 6,160,000 $ 13,195,000 $ 0.13% 82 $ 2016-17 6,510,000 4,760,000 11,270,000 0.11% 69 2017-18 5,970,000 3,775,000 9,745,000 0.09% 60 2018-19 46,871,285 5,719,934 52,591,219 0.46% 323 2019-20 45,237,690 7,183,854 52,421,544 0.43% 323 2020-21 62,304,689 9,489,303 71,793,992 0.57% 448 2021-22 65,546,356 8,799,773 74,346,129 0.57% 465 2022-23 62,153,846 8,206,866 70,360,712 0.51% 441 2023-24 58,620,763 7,583,959 66,204,722 0.46% 409 2024-25 54,936,999 7,366,052 62,303,051 0.41% 388 Notes:
(1)
(2)
(3)
City of Salinas
Ratios of Outstanding General Bonded Debt
Last Ten Fiscal Years
Population data is disclosed in Schedule 13.

Property value data is disclosed in Schedule 5.

General Bonded Debt Outstanding(1)
Outstanding debt includes unamortized bond premium. Details regarding the City's outstanding debt can be found in the Notes to the Basic Financial Statements.
265 509
This page intentionally left blank.
266 510
Schedule 11
2024-25 Assessed Valuation: $15,228,506,180 Estimated Amount Applicable Debt Percentage to Primary
Overlapping Government Unit Outstanding Applicable(1) Government(2) Overlapping Tax and Assessment Debt
Hartnell Joint Community College District 233,349,103$ 39.437% 92,025,886 $ Salinas Union High School District 176,420,149 67.395% 118,898,359 Salinas Union High School District School Facilities Improvement District 2,590,866 94.993% 2,461,141 Alisal Union School District 91,984,170 89.858% 82,655,135 Salinas City School District 106,257,030 97.238% 103,322,211 Santa Rita Union School District 16,282,651 69.763% 11,359,266 Santa Rita Union School District School Facilities Improvement District No. 2022-1 9,000,000 71.418% 6,427,620 Spreckels Union School District 5,304,920 2.586% 137,185 Monterey County Water Resources Authority Benefit Assessment District, Zone 2C 16,990,000 16.456% 2,795,874 City of Salinas Community Facilities District No. 2016-1, I.A. Nos. 1,2, & 3 6,865,000 100.000% 6,865,000 City of Salinas 1915 Act Bonds 45,000 100.000% 45,000 Subtotal, overlapping tax and assessment debt 426,992,678$ Direct and Overlapping General Fund Debt
Monterey County General Fund Obligations 100,145,000$ 16.456% 16,479,861 $ Monterey County Board of Education General Fund Obligations 36,301,000 16.456% 5,973,693 Salinas Union High School District General Fund Obligations 23,597,339 67.395% 15,903,427 Alisal Union School District General Funs Obligations 7,905,000 89.858% 7,103,275 Salinas City School District Certificates of Participation 3,274,889 97.238% 3,184,437 City of Salinas General Fund Obligations 70,528,000 100.000% 63,386,000 Subtotal, direct and overlapping general fund debt 112,030,692$ Total Direct Debt 63,386,000$
Total Overlapping Debt 475,637,370
Combined Total Debt 539,023,370$
Notes:
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue, and non-bonded capital lease obligations.

Source: California Municipal Statistics, Inc.
(1) The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value.

City of Salinas
Direct and Overlapping Governmental Activities Bonded Deb t
As of June 30, 2025
267 511
2015-16 2016-17 2017-18 2018-19 2019-20
Debt limit(1) 373,641,848$ 390,844,559 $ 409,204,329 $ 428,149,560 $ 453,026,032 $ Debt applicable to limit(2) 7,035,000 6,510,000 5,970,000 46,871,285 45,237,690 Legal debt margin 366,606,848$ 384,334,559 $ 403,234,329 $ 381,278,275 $ 407,788,342 $ Percentage available 98.1% 98.3% 98.5% 89.1% 90.0%
Notes:
(1)
(2) Outstanding general obligation bond debt is disclosed in Schedule 9.

Source: City of Salinas Finance Department; Monterey County Assessor.

The Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuation; however, this provision was enacted when assessed valuation was based upon 25% of market value. The computation above reflects a conversion of assessed valuation data from the current full valuation perspective to the 25% level that was in effect at the time that the legal debt margin was enacted by the State of California for local governments.

City of Salinas
Legal Debt Margin Information
Last Ten Fiscal Years
268 512
Schedule 12
2020-21 2021-22 2022-23 2023-24 2024-.25
Debt limit(1) 473,852,558$ 489,423,222 $ 518,762,047 $ 543,672,218 $ 516,131,983 $ Debt applicable to limit(2) 62,304,689 65,546,356 62,153,846 58,620,763 54,936,999 Legal debt margin 411,547,869$ 423,876,866 $ 456,608,201 $ 485,051,455 $ 461,194,984 $ Percentage available 86.9% 86.6% 88.0% 89.2% 89.4%
Calculation of Legal Debt Margin
Assessed value of taxable property 15,228,506,180 $
25% of Assessed Valuation 3,807,126,545
Debt limit (15% of assessed value) 571,068,982
General obligation bonds outstanding 54,936,999
Legal debt margi
n 516,131,983$
City of Salinas
Legal Debt Margin Information (Continued)
Last Ten Fiscal Years
269 513
Schedule 13
Per Capita Personal Unemployment
Calendar Year Population(1) Income Income(2) Rate(3)
2015 161,042 17,039 $ 2,744,108,000$ 8.5% 2016 162,470 17,097 2,777,833,000 8.0% 2017 161,784 17,678 2,860,157,000 7.6% 2018 162,797 18,559 3,021,463,000 8.3% 2019 162,222 19,787 3,209,975,000 8.3% 2020 160,206 20,958 3,357,626,000 12.7% 2021 159,932 23,150 3,702,460,000 10.3% 2022 159,475 25,615 4,084,967,000 7.8% 2023 162,037 27,469 4,451,108,000 9.1% 2024 160,645 29,054 4,667,435,000 8.9% Sources:
(1)
(2)
(3)
State of California, Department of Finance.

U.S. Census Bureau.

State of California, Employment Development Department.

City of Salinas
Demographic and Economic Statistics
Last Ten Calendar Years
270 514
Schedule 14
Number of Estimated Number of Estimated Number of Estimated Fiscal Year Permits Issued Value Permits Issued Value Permits Issued Value 2015-16 511 42,856,234$ 2,278 $ 29,693,305$ 2,789 72,549,538$ 2016-17 466 55,104,426 1,997 21,340,982 2,463 76,445,408 2017-18 501 59,858,711 1,897 35,873,328 2,398 95,732,039 2018-19 700 76,685,250 1,743 31,108,612 2,443 107,793,862 2019-20 391 11,866,830 1,554 31,223,288 1,945 43,090,118 2020-21 612 37,324,800 1,833 60,127,751 2,445 97,452,551 2021-22 439 52,890,556 1,702 30,481,134 2,141 83,371,691 2022-23 258 68,808,346 1,701 36,716,781 1,959 105,525,127 2023-24 261 64,409,303 1,857 51,657,877 2,118 116,067,180 2024-25(2) 309 530,599,522 2,964 49,259,228 3,273 579,858,750 Notes:
(1)
(2) Includes approximately $460M in Amazon construction valuation major permits.

Source: City of Salinas Community Development Department.

TotalCommercial/Industrial(1) Residential(1)
Revision permits that were not identified as commercial or residential are not included in the permit numbers above. Revision permits do not have a valuation.

City of Salinas
Construction Permits Issued and Estimated Valu
e
Last Ten Fiscal Years
271 515
This page intentionally left blank.
272 516
Schedule 15
Percentage of
Total City
Employer Employment Employees Rank
County of Monterey 1.54% 3,319 1 Sodexo Management Inc. 1.31% 2,817 2 Sunberry Growers, LLC 1.04% 2,230 3 Newstar Fresh Foods, LLC 0.70% 1,497 4 Salinas Valley Health Service League 0.67% 1,432 5 Employment, Inc. 0.62% 1,327 6 Salinas Union High School District 0.46% 994 7 Unilab Corporation 0.43% 934 8 Salinas City Elementary School District 0.36% 778 9 Monterey County Office of Education 0.35% 745 10 City of Salinas 0.31% 670 11 Natividad Medical Center 0.31% 659 12 Organicgirl, LLC 0.30% 650 13 Roman Catholic Bishop of Monterey, CA 0.30% 644 14 Hartnell College 0.24% 515 15 Source: U.S. Bureau of Labor Statistics and Dun & Bradstreet. 2024-25
City of Salinas
Principal Employers
Current Year
273 517
Function/Program 2015-16 2016-17 2017-18 2018-19 2019-20 Public Safety
Fire 100.000 99.000 100.000 98.000 98.000 Police 229.500 227.500 231.500 231.500 231.500 Total 329.500 326.500 331.500 329.500 329.500 General Operations
Mayor and City Council 7.000 7.000 7.000 7.000 7.000 Administration 15.275 16.000 16.000 12.000 12.000 Human Resources - - - - - Finance 24.000 24.000 26.000 26.000 26.667 City Attorney 5.000 5.000 5.000 5.000 5.000 Community Development 35.345 39.750 29.000 29.000 29.850 Engineering and Transportation 32.375 32.125 35.200 35.150 35.650 Environmental and Maintenance Services 52.875 47.625 48.700 46.500 46.750 Parks and Community Services 12.620 14.000 14.000 19.000 19.000 Library 43.500 43.500 41.000 41.000 41.500 Total 227.990 229.000 221.900 220.650 223.417 Internal Services 3.000 12.000 13.000 13.200 13.450 Enterprise Operations 31.000 33.500 44.100 43.150 43.383 Assessment and Maintenance Districts 1.750 1.750 1.750 1.750 1.750 Successor Agency 1.260 0.750 0.750 0.750 - Citywide Total 594.500 603.500 613.000 609.000 611.500 Source: City of Salinas FY 2021-22 and FY 2025-26 Adopted Operating Budgets.

City of Salinas
Full-time Equivalent Employees by Function
Last Ten Fiscal Years
274 518
Schedule 16
Function/Program 2020-21 2021-22 2022-23 2023-24 2024-25 Public Safety
Fire 98.000 98.000 103.000 104.000 104.000 Police 227.500 221.000 213.000 213.000 208.000 Total 325.500 319.000 316.000 317.000 312.000 General Operations
Mayor and City Council 7.000 7.000 7.000 7.000 7.000 Administration 6.000 8.000 8.000 10.000 10.000 Human Resources 7.000 7.000 9.000 11.000 11.000 Finance 25.000 28.000 30.000 31.000 31.000 City Attorney 5.000 3.000 7.000 6.000 6.000 Community Development 31.010 34.500 60.000 67.000 76.000 Engineering and Transportation 33.930 34.180 34.180 34.180 33.180 Environmental and Maintenance Services 46.750 33.750 87.820 88.820 89.820 Parks and Community Services 19.000 31.000 33.000 34.000 33.000 Library 41.500 41.500 41.500 41.500 41.000 Total 222.190 227.930 317.500 330.500 338.000 Internal Services 13.450 13.450 - - - Enterprise Operations 43.610 45.370 - - - Assessment and Maintenance Districts 1.750 0.750 - - - Successor Agency - - - - - Citywide Total 606.500 606.500 633.500 647.500 650.000 City of Salinas
Full-time Equivalent Employees by Function (Continued)
Last Ten Fiscal Years
275 519
Function/Program 2015-16 2016-17 2017-18 2018-19 2019-20 Police
Dispatched calls for service(1) 94,740
Arrest reports 4,258 3,732 3,744 3,676 2,535 Citations and warnings 3,329 3,631 3,904 3,601 2,756 Fire
Emergency Responses(2) 13,659 14,283 15,093 15,042 Fire Responses 612 451 542 657 652 4-6 Minute Response - General Plan Service Standard 84.8% 40.0% 40.9% 41.2% 45.7% EMS Responses 10,796 10,890 10,890 11,548 10,855 Number of Paramedics 26 24 24 25 27 Number of Firefighters per Capita 0.50 0.60 0.60 0.60 0.60 Number of Fire Code/State Mandated Inspections 282 891 1,063 1,930 1,966 Parks and recreation
Youth sports registrants 3,936 3,652 3,476 3,354 2,923 Recreation facility attendance (all sites) 220,635 276,554 325,524 286,640 261,403 Notes:
1) Number of dispatched calls for service are not available from FY 16-17 to FY 20-21. 2) Number of emergency responses are not available for FY 15-16.

Source: City of Salinas Police, Fire, and Library and Community Services Departments.

City of Salinas
Operating Indicators by Function
Last Ten Fiscal Years
276 520
Schedule 17
Function/Program 2020-21 2021-22 2022-23 2023-24 2024-25 Police
Dispatched calls for service(1) 98,110 96,051 92,119 106,828 Arrest reports 2,291 2,454 2,552 2,200 2,677 Citations and warnings 2,489 2,857 2,882 2,797 4,047 Fire
Emergency Responses(2) 15,336 16,705 17,341 17,605 17,670 Fire Responses 896 1,067 923 921 1,017 4-6 Minute Response - General Plan Service Standard 45.8% 45.7% 44.9% 46.9% 37.8% EMS Responses 9,452 10,602 11,059 11,418 11,155 Number of Paramedics 25 26 26 26 25 Number of Firefighters per Capita 0.60 0.54 0.54 0.54 0.48 Number of Fire Code/State Mandated Inspections 2,115 2,315 1,349 700 924 Parks and recreation
Youth sports registrants 492 1,055 3,012 3,536 3,030 Recreation facility attendance (all sites) 1,593 163,031 310,233 299,899 299,839 City of Salinas
Operating Indicators by Function (Continued)
Last Ten Fiscal Years
277 521
Function/Program 2015-16 2016-17 2017-18 2018-19 2019-20 Police
Stations 1 1 1 1 1 Police fleet cars and motorcycles(1) 85 95 Fire
Stations 6 6 6 6 6 Engines 8 8 8 8 8 Tiller Ladder Trucks 2 2 2 2 2 Fire fleet vehicles(2) 21 26 26 Parks and recreation
Acreage 460 460 460 409 409 Parks 42 42 42 42 42 Playgrounds 35 35 35 35 35 Baseball/softball diamonds 10 10 10 10 10 Soccer/football fields 11 11 11 11 11 Tennis courts 6 6 6 6 6 Golf courses 2 2 2 2 2 Community/recreation centers 8 8 8 8 8 Notes:
1) Police fleet cars and motorcycles are not available from FY 15-16 to FY 17-18. 2) Fire fleet vehicles are not available from FY 15-16 to FY 16-17.

Source: City of Salinas Police, Fire, and Library and Community Services Departments.

City of Salinas
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
278 522
Schedule 18
Function/Program 2020-21 2021-22 2022-23 2023-24 2024-25 Police
Stations 1 1 1 1 1 Police fleet cars and motorcycles(1) 110 121 140 147 167 Fire
Stations 6 6 6 6 6 Engines 8 8 8 8 8 Tiller Ladder Trucks 2 2 2 2 2 Fire fleet vehicles(2) 26 25 34 36 36 Parks and recreation
Acreage 409 391 391 391 391 Parks 42 42 42 42 42 Playgrounds 35 35 35 35 35 Baseball/softball diamonds 10 10 10 10 10 Soccer/football fields 11 11 11 12 12 Tennis courts 6 6 6 6 6 Golf courses 2 2 2 2 2 Community/recreation centers 7 7 7 7 7 City of Salinas
Capital Asset Statistics by Function/Program (Continued) Last Ten Fiscal Years
279 523
This page intentionally left blank.
280 524

CITY OF SALINAS
Presentation to the Finance Committee
For the Fiscal Year Ended June 30, 2025
February 3, 2026
525
2 CONTENTS
• Required Communications (AU-C 260)
• Audit Responsibilities
• Overview of Financial Statements
• Audit Results
526
3 REQUIRED COMMUNICATIONS (AU-
C 260)
527
4 Required Communications (AU-C 260)
• Independence
• We complied with ALL relevant requirements regarding independence • Significant Accounting Policies
• The City disclosed all significant accounting policies in Note 2 to the financial statements. • The City implemented GASB Statement No. 101, Compensated Absences and GASB Statement No. 102, Certain Risk Disclosures
• Significant Estimates
• Fair market value on investments
• Depreciation/amortization on capital assets
• Proportional share of joint ownership for investment in joint venture (CSD only) • Liability for unused sick leave / “more likely than not” amount • Net pension liability actuarial inputs
• Net other postemployment benefit liability actuarial inputs 528
5 Required Communications (AU-C 260)
• Sensitive Disclosures
• Note 1 – Summary of Significant Accounting Policies
• Note 2 – Stewardship, Compliance, and Accountability
• Note 12 – Long-Term Debt
• Note 16 – Retirement Programs
• Note 17 – Other Post-Employment Benefits (OPEB)
• Note 18 – Net Position and Fund Balances
• Note 19 – Other Required Disclosures
• Note 22 – Changes to or within the Financial Reporting Entity • Misstatements
• There were no uncorrected misstatements reported.
• Consultation with Other Accountants
• There were no consultations with other accountants regarding audit-related matters. 529
6 Required Communications (AU-C 260)
• Significant Difficulties
• We encountered no significant difficulties in dealing with management. • Disagreements with Management
• We did not have any disagreements with management in terms of accounting treatments or audit procedures performed.
• Non-Authoritative Guidance
• We did not come across any instances where transactions occurred that did not have authoritative guidance.
530
7 AUDIT RESPONSIBILITIES
531
8 MANAGEMENT’S RESPONSIBILITIES
• Responsible for the financial statements
• Present the financial statements in accordance with accounting principles generally accepted in the United States of America (US GAAP)
• Adopt sound accounting policies
• Establish and maintain internal controls over financial reporting and compliance • Provide evidence supporting the amounts and disclosures in the financial statements • Fair presentation of financial statements that are free from material misstatements, whether due to fraud or error
• Prevent and detect fraud
532
9 AUDITORS’ RESPONSIBILITIES
• Perform the audit in conformity 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
• Communicate with “Those Charged with Governance”
• Assess audit risk of internal control over financial reporting • Determine the fairness of the presentation of the financial statements • Render an opinion on the financial statements
• Issue recommendations to management, if any
533
10 OVERVIEW OF THE FINANCIAL

STATEMENTS
534
11 City of Salinas
Government-Wide
Condensed Statement of Net Position – Governmental Activities June 30, 2025 and 2024
2025 2024 $ Change % Change
Assets 617,519,002$ 611,392,288$ 6,126,714$ 1.0% Deferred Outflows of Resources 55,743,612 69,786,809 (14,043,197) (20.1%) Liabilities 440,094,812 472,959,695 (32,864,883) (6.9%) Deferred Inflows of Resources 17,420,386 21,006,643 (3,586,257) (17.1%) Net Position
Net investment in capital assets 221,270,561 223,199,988 (1,929,427) (0.9%) Restricted 123,726,335 89,559,884 34,166,451 38.1% Unrestricted (129,249,480) (125,547,113) (3,702,367) 2.9% Total Net Position 215,747,416$ 187,212,759$ 28,534,657$ 15.2% 535
12 City of Salinas
Government-Wide
Condensed Statement of Net Position – Business-Type Activities June 30, 2025 and 2024
2025 2024 $ Change % Change
Assets 83,018,916$ 86,492,102$ (3,473,186)$ (4.0%) Deferred Outflows of Resources 1,549,629 2,265,033 (715,404) (31.6%) Liabilities 26,436,134 28,930,302 (2,494,168) (8.6%) Deferred Inflows of Resources 4,819,172 5,378,532 (559,360) (10.4%) Net Position
Net investment in capital assets 42,828,175 44,273,730 (1,445,555) (3.3%) Unrestricted 10,485,064 10,174,571 310,493 3.1% Total Net Position 53,313,239$ 54,448,301$ (1,135,062)$ (2.1%) 536
13 City of Salinas
Government-Wide Summary
Statement of Activities – Governmental Activities
For the Years Ended June 30, 2025 and 2024
2025 2024 $ Change % Change
Program Revenues
Charges for services 28,598,610$ 9,951,057$ 18,647,553$ 187.4% Operating grants and contributions 46,428,658 39,160,212 7,268,446 18.6% Capital grants and contributions 14,021,584 11,642,670 2,378,914 20.4% Total revenues 89,048,852 60,753,939 28,294,913 46.6% Expenses (243,527,198) (244,541,670) 1,014,472 (0.4%) Net Cost of Services (154,478,346) (183,787,731) 29,309,385 (15.9%) General Revenues
Taxes 171,198,180 164,923,983 6,274,197 3.8% Investment earnings 11,638,579 11,203,141 435,438 3.9% Other (3,234,633) 997,015 (4,231,648) (424.4%) Total general revenues 179,602,126 177,124,139 2,477,987 1.4% Transfers (net) 3,410,877 644,120 2,766,757 429.5% Change in net position 28,534,657$ (6,019,472)$ 34,554,129$ (574.0%) 537
14 City of Salinas
Government-Wide Summary
Statement of Activities – Business-Type Activities
For the Years Ended June 30, 2025 and 2024
2025 2024 $ Change % Change
Operating Revenues
Charges for services 17,174,847$ 14,078,424$ 3,096,423$ 22.0% Total revenues 17,174,847 14,078,424 3,096,423 22.0% Expenses (19,091,478) (15,430,229) (3,661,249) 23.7% Operating Income (1,916,631) (1,351,805) (564,826) 41.8% Non-Operating Revenue (Expense)
Investment earnings 1,032,269 925,646 106,623 11.5% Other 3,160,177 3,082,484 77,693 2.5% Total non-operating 4,192,446 4,008,130 184,316 4.6% Transfers (net) (3,410,877) (644,120) (2,766,757) 429.5% Change in net position (1,135,062)$ 2,012,205$ (3,147,267)$ (156.4%) 538
15 City of Salinas
General Fund
Condensed Balance Sheets
June 30, 2025 and 2024
2025 2024 $ Change % Change
Assets 127,971,430$ 124,398,014$ 3,573,416$ 2.9% Liabilities 27,267,072 28,729,843 (1,462,771) (5.1%) Deferred Inflows of Resources 995,273 1,306,482 (311,209) (23.8%) Fund Balance
Nonspendable 2,785,000 2,785,000 - 0.0% Restricted 10,000,000 10,000,000 - 0.0% Committed 38,242,179 39,909,826 (1,667,647) (4.2%) Assigned 24,825,000 31,490,364 (6,665,364) (21.2%) Unassigned 23,856,906 10,176,499 13,680,407 134.4% Total Fund Balance 99,709,085 94,361,689 5,347,396 5.7% Total Liabilities, DI, and
Fund Balance 127,971,430$ 124,398,014$ 3,573,416$ 2.9% 539
16 City of Salinas
General Fund
Condensed Statement of Revenues, Expenditures and Changes in Fund Balance For the Years Ended June 30, 2025 and 2024
2025 2024 $ Change % Change
Revenues 188,501,649$ 178,784,971$ 9,716,678$ 5.4% Expenditures (152,952,006) (144,244,342) (8,707,664) 6.0% Revenue over expenditures 35,549,643 34,540,629 1,009,014 2.9% Other financing sources/(uses)
Transfers (net) (30,441,888) (25,537,702) (4,904,186) 19.2% Debt issuance 239,641 - 239,641 n/a Total other financing sources/(uses) (30,202,247) (25,537,702) (4,664,545) 18.3% Change in fund balance 5,347,396$ 9,002,927$ (3,655,531)$ (40.6%) 540
17 AUDIT RESULTS
541
18 Audit Results
• Opinions
• Unmodified Opinions issued to All Opinion Units
• Financial statements are fairly presented in all material respects • Accounting policies have been consistently applied
• Estimates used are reasonable
• Disclosures are properly reflected in the financial statements 542
19 Other Results
• No disagreements with management were noted
• No material weaknesses or significant deficiencies were identified in internal control over financial reporting and/or compliance (2025 federal Single Audit issuance still pending – no findings anticipated) • No inappropriate activities or fraud, waste, or abuse were noted • No accounting issues were noted where there was a lack of authoritative guidance
543
20 HQ - ORANGE
COUNTY
200 E. Sandpointe Avenue
Suite 600
Santa Ana, CA 92707

SAN DIEGO
4660 La Jolla Village Dr.

Suite 100
San Diego CA 92122

BAY AREA
2121 North California Blvd.

Suite 290
Walnut Creek, CA 94596

LAS VEGAS
1980 Festival Plaza Drive
Suite 300
Las Vegas, NV 89135

SACRAMENTO
1511 Corporate Way
Suite 220
Sacramento, CA 95831

PHOENIX
2 N. Central Avenue
Suite 1800
Phoenix, AZ 85004
Thank you!
544
City of Salinas
Legislation Text
200 Lincoln Ave., Salinas,
CA 93901
www.cityofsalinas.org
File #: ID#26-030, Version: 1
..Title
Amendment No. 3 to the On-Call Streetlight Agreement with St. Francis Electric, LLC. ..Recommended Action
Approve a Resolution authorizing the City Manager to execute Amendment No. 3 to the On-Call Streetlight Service Agreement with St. Francis Electric, LLC to increase the annual amount by $136,595 for a revised annual not-to exceed amount of $386,595; de-appropriating $137,000 from CIP 9163, Traffic Calming Improvements; and appropriating $137,000 to the Public Works Operating Budget.

City of Salinas Printed on 2/20/2026Page 1 of 1
powered by Legistar™
545

Page | 1

CITY OF SALINAS

COUNCIL STAFF REPORT
N incr

DATE: FEBRUARY 24, 2026
DEPARTMENT: PUBLIC WORKS
FROM: DAVID JACOBS, PUBLIC WORKS DIRECTOR
BY: JENNY DAVILA, PUBLIC WORKS ADMIN SUPERVISOR
TITLE: AMENDMENT NO. 3 TO THE ON -CALL STREETLIGHT
AGREEMENT WITH ST. FRANCIS ELECTRIC, LLC.

RECOMMENDED MOTION:

A motion to approve a Resolution:

1. Authorizing the City Manager to execute Amendment No. 3 to the On-Call Streetlight Service Agreement with St. Francis Electric , LLC to increase the annual amount by $136,595 for a revised annual not-to exceed amount of $386,595;

2. De-appropriating $137,000 from CIP 9163, Traffic Calming Improvements; and

3. Appropriating $137,000 to the Public Works Operating Budget.

EXECUTIVE SUMMARY:

Due to ongoing incidents of streetlight wire thefts throughout the City, St. Francis Electric, LLC was contacted to assist with replacement and repair efforts. The contractor provided a proposal for Phase 1 of the streetlight wire replacement and was scheduled to complete the associated repairs.

As wire theft continues to occur in additional locations, St. Francis Electric has submitted a proposal to address newly affected areas. Amendment No. 3 is required to fund Phase 2 of the streetlight wire replacement work.

BACKGROUND:

In October 2023, the City issued a Request for Qualifications (RFQ) on PlanetBids for On-Call Streetlight Maintenance contractors . The City received two complete responses. Following evaluation, Bear Electrical Solutions, LLC. and St. Francis Electric, LLC were selected.

On December 5. 2023, the Salinas City Council awarded the On -Call Streetlight Maintenance Agreements to both Bear Electrical Solutions, LLC and St . Francis Electric, LLC for a two -year term with an annual not-to-exceed amount of $50,000 per contractor pursuant to Resolution 22850. 546
Page | 2

Due to increased demand for on-call streetlight maintenance services, the Public Works Department requested City Council for approval of Amendment No. 1 to increa se each agreement’s annual not-to-exceed amount to $100,000 per contractor. This request was approved by City Council under Resolution 23117.

In mid-2025, the City observed a growing number of streetlight outage reports. Upon investigation, staff determined that the streetlight wire was being cut and stolen. The Public Works Department requested quotes from both Bear Electrical Solutions, LLC and St. Francis Electric to replace the stolen wiring. Based on the submitted proposals, Amendment No . 2 was executed, increasing St.

Francis Electric’s overall not-to-exceed amount to $250,000.

While Phase 1 of the streetlight wire replacement was being scheduled, additional streetlight wire theft occurred, impacting new locations . The Public Works Department solicited proposals for Phase 2 of the wire replacement work and received a proposal from St. Francis Electric in the amount of $136,595.

To fund this increase , the Public Works Department will de-appropriate $137,000 from C apital Improvement Project (CIP) No. 9163, Traffic Calming Improvements. Approval of Amendment No. 3 will increase the agreement’s overall not -to-exceed amount to $386 ,595 and allow continuation of necessary repairs to restore affected streetlights. It is important to note that this de- appropriation is recommended to move quickly and minimize the impact on the existing budget.

When the new Traffic Calming Process is brought forward to the Council all efforts will be made to restore and hopefully add more funding.

The Public Works Department is requesting that the City Council approve the City Manager to execute Amendment No. 3 to the agreement with St. Francis increasing the overall not-to-exceed amount to $386,595 and to de-appropriate $137,000 from CIP 9163 to cover the cost of Amendment No. 3.

CEQA CONSIDERATION:

Not a Project . The City of Salinas has determined that the proposed action is not a project as defined by the California Environmental Quality Act (CEQA) (CEQA Guidelines Section 15378).

In addition, CEQA Guidelines Section 15061 includes the general rule that CEQA applies only to activities which have the potential for causing a significant effect on the environment. Where it can be seen with certainty tha t there is no possibility that the activity in question may have a significant effect on the environment, the activity is not subject to CEQA. Because the proposed action and this matter have no potential to cause any effect on the environment, or because it falls within a category of activities excluded as projects pursuant to CEQA Guidelines section 15378, this matter is not a project. Because the matter does not cause a direct or foreseeable indirect physical change on or in the environment, this matter is not a project

CALIFORNIA GOVERNMENT CODE §84308 APPLIES:

Yes.
547
Page | 3

STRATEGIC PLAN INITIATIVE:

This item relates to the current City Council Goal of Infrastructure. An increase in the Master Service Agreement will contribute towards the efficient and effective process to complete emergency work that benefits the community’s safety and wellbeing.

DEPARTMENTAL COORDINATION:

The Public Works Department worked alongside the City Legal Department and the City Finance department in the Amendment No. 3 review process.

FISCAL AND SUSTAINABILITY IMPACT:

Fund

General Ledger Number
(Operating/CIP)
General Ledger Account
Name

Remaining Budget
Appropriation
Amount Requested
1000 50.5235-63.4900 Outside Services –
Maintenance & Repairs
Others
$61,297 $136,595
1000 50.9163-66.4000 Capital Outlays
Improvements
$173,000 ($136,595)

Approval of Amendment No. 3 will increase the not-to-exceed amount of the On-Call Streetlight Maintenance Agreement with St. Francis Electric, LLC by $136,595, for a revised total not -to- exceed amount of $386,595. To fund Phase 2 of the Streetlight Wire Theft Repairs, the Public Works Department will de-appropriate $136,595 from Capital Improvement Project (CIP) No. 9163, Traffic Calming Improvements. This reallocation will provide sufficient funding to address ongoing streetlight wire theft impacts and restore affected streetlight infrastructure. The de- appropriation will not increase the City’s overall budget and will allow timely completion of critical public safety-related streetlight repairs.

ATTACHMENTS:

Resolution
Amendment No. 3
Amendment No. 2
Amendment No. 1
Original Agreement
548
Page | 1

RESOLUTION NO. (N.C.S.)

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE
AMENDMENT NO. 3 TO THE ON-CALL STREETLIGHT AGREEMENT WITH ST.

FRANCIS ELECTRIC, LLC.

WHEREAS, in October 2023, the City issued a Request for Qualifications (RFQ) for on- call streetlight maintenance services, and Bear Electrical Solutions, LLC and St. Francis Electric, LLC were selected as qualified contractors; and

WHEREAS, on December 5, 2023, the City Council approved an On -Call Streetlight Maintenance Agreement with Bear Electrical Solutions, LLC and St. Francis Electric, LLC for a two-year term with an annual not-to-exceed amount of $50,000, pursuant to Resolution No. 22850; and

WHEREAS, due to an increased demand for streetlight maintenance services, the City Council approved Amendment No. 1 increasing the annual not-to-exceed amount to $100,000 per contractor pursuant to Resolution No. 23117; and

WHEREAS, in mid-2025, the City experienced widespread streetlight outages caused by theft of streetlight wiring, requ iring replacement and repair services and Amendment No. 2 was executed increasing the agreement overall not-to-exceed amount to $250,000; and

WHEREAS, continued incidents of streetlight wire theft have occurred in additional locations throughout the City, necessitating Phase 2 of the streetlight wire replacement work and St Francis Electric, LLC submitted a proposal in the amount of $136 ,595 to complete Phase 2 of the streetlight wire replacement; and

WHEREAS, the Public Works Department proposes de -appropriate $137,000 from Capital Improvement Project (CIP) 9163, Traffic Calming Improvements, to fund the additional work without increasing the City’s overall budget.

NOW, THEREFORE, BE IT RESOLVED that the Salinas City Council authorizes the City Manager to execute Amendment No. 3 to the On -Call Streetlight maintenance Agreement with St. Francis Electric, LLC, increasing the not -to-exceed amount by $136,5 95 for a revised annual not-to-exceed amount of $386,595; and

BE IT FURTHER RESOLVED that an amount of $137,000 is hereby de -appropriated from Capital Improvement Project No. 9163, Traffic Calming Improvements and appropriate $137,000 to the Public Works Operating Budget to fund Phase 2 of the streetlight wire theft repairs.

PASSED AND APPROVED this 24th day of February 2026, by the following vote:

AYES:

NOES:
549
Page | 2

ABSENT:

ABSTAIN:

APPROVED:

_______________________
Dennis Donohue, Mayor

ATTEST:

_________________________
Patricia M. Soratos, City Clerk
550

Form: Agreement Amendment
Version: July 2025

AGREEMENT —AMENDMENT NO. 3 TO

ON-CALL STREETLIGHT MAINTENANCE SERVICES
BETWEEN CITY OF SALINAS AND ST. FRANCIS ELECTRIC, LLC.

This Amendment No. 3 to the On-Call Streetlight Maintenance Services Agreement (the “Amendment”) is entered into this 3rd day of February 2026, by and between the City of Salinas (the “City”) and St. Francis Electric, LLC., (the “Contractor”). City and Contractor may be individually referred to herein as a “Party” and collectively the City and Contractor may be referred to as the “Parties.”

RECITALS

WHEREAS, the City and Contractor first entered into a/an Agreement for Services for On-Call Streetlight Maintenance effective December 5, 2023, pursuant to which Contractor agreed to act as and provide certain services to the City for compensation (the “Agreement”); and

WHEREAS, the City and Contractor desire to further amend the Agreement to reflect an increase in the total amount of compensation to be paid under the Agreement.

NOW, THEREFORE, in mutual consideration of the terms and conditions set forth below, the Parties agree as follows:

TERMS

1. Section 3 of the Agreement is amended to increase the annual not-to-exceed amount of compensation by one hundred thirty-six thousand five hundred ninety-five dollars ($136,595) for a total amount of compensation to be paid under the Agreement to an amount not to exceed three hundred eighty-six thousand five hundred ninety-five dollars ($386,595).

2. All other covenants, terms, and conditions set forth in the Agreement and not amended by this Amendment shall remain in full force and effect as if fully set forth herein.

IN WITNESS WHEREOF, the undersigned, as authorized representatives of the City and Contractor have entered into this Amendment as of the date first written above.

CITY OF SALINAS

___________________________________
René Mendez, City Manager

APPROVED AS TO FORM:

___________________________________
□ Christopher A. Callihan, City Attorney
□ Rhonda Combs, Assistant City Attorney

ST. FRANCIS ELECTRIC, LLC.

____________________________________
Printed name: ___Guy Smith_____________
Title: ___President_____________________
551
Docusign Envelope ID: 50808653-DE28-4CCF-8161-F670F7C79EF6 AGREEMENT -AMENDMENT NO. 3 TO

ON-CALL STREETLIGHT MAINTENANCE SERVICES
BETWEEN CITY OF SALINAS AND ST. FRANCIS ELECTRIC, LLC.

This Amendment No. 3 to the On-Call Streetlight Maintenance Services Agreement (the "Amendment") is entered into this 3rd day of February 2026, by and between the City of Salinas (the "City") and St. Francis Electric, LLC., (the "Contractor"). City and Contractor may be individually referred to herein as a "Party" and collectively the City and Contractor may be referred to as the "Parties."

RECITALS
WHEREAS, the City and Contractor first entered into a/an Agreement for Services for On-Call Streetlight Maintenance effective December 5, 2023, pursuant to which Contractor agreed to act as and provide certain services to the City for compensation (the "Agreement"); and
WHEREAS, the City and Contractor desire to further amend the Agreement to reflect an increase in the total amount of compensation to be paid under the Agreement.

NOW, THEREFORE, in mutual consideration of the terms and conditions set forth below, the Parties agree as follows:

TERMS

1. Section 3 of the Agreement i s amended to increase the annual not-to-exceed amount of compensation by one hundred thirty-six thousand five hundred ninety-five dollars ($136,595) for a total amount of compensation to be paid under the Agreement to an amount not to exceed Three hundred Eighty-Six Thousand, Five Hundred Ninety-Five Dollars ($386,595).

2. All other covenants, terms, and conditions set forth in the Agreement and not amended by this Amendment shall remain in full force and effect as if fully set forth herein.

IN WITNESS WHEREOF, the undersigned, as authorized representatives of the City and Contractor have entered into this Agreement as of the date first written above.

CITY OF SALINAS
Rene Mendez, City Manager
APPROVED AS TO FORM:
o Christopher A. Callihan, City Attorney
o Rhonda Combs, Assistant City Attorney
ST. FRANCIS ELECTRIC, LLC.

Printed name: __ G=uyi...=.S.:..:m.:..:it.:..:ch-'-------- Title: President
Form: Agreement Amendment
Version: July 2025

552

Form: Agreement Amendment
Version: July 2025

AGREEMENT —AMENDMENT NO. 2 TO

ON-CALL STREETLIGHT MAINTENANCE SERVICES
BETWEEN CITY OF SALINAS AND ST FRANCIS ELECTRIC, LLC.

This Amendment No. 2 to the On-Call Streetlight Maintenance Services Agreement (the “Amendment”) is entered into this 8th day of September 2025, by and between the City of Salinas (the “City”) and St. Francis Electric, LLC., (the “Contractor”). City and Contractor may be individually referred to herein as a “Party” and collectively the City and Contractor may be referred to as the “Parties.”

RECITALS

WHEREAS, the City and Contractor first entered into a/an Agreement for Services for On-Call Streetlight Maintenance effective December 5, 2023, pursuant to which Contractor agreed to act as and provide certain services to the City for compensation (the “Agreement”); and

WHEREAS, the City and Contractor desire to amend the Agreement to reflect the City and Contractors desire to increase the compensation not to exceed amount to $250,000 and to extend the terms of the agreement.

NOW, THEREFORE, in mutual consideration of the terms and conditions set forth below, the Parties agree as follows:

TERMS

1. The Agreement, Term, Section 2, is amended to replace completion date to the following: The work under this Agreement shall commence December 5, 2023, and shall terminate on December 5, 2026, unless extended in writing by either party upon (30) days written notice.

2. The Agreement, Compensation, Section 3, is amended to replace the not to exceed amount to the following:
not to exceed Two Hundred Fifty Thousand ($250,000).

3. All other covenants, terms, and conditions set forth in the Agreement and not amended by this Amendment shall remain in full force and effect as if fully set forth herein.

IN WITNESS WHEREOF, the undersigned, as authorized representatives of the City and Contractor have entered into this Agreement as of the date first written above.

CITY OF SALINAS

___________________________________
René Mendez, City Manager

APPROVED AS TO FORM:

___________________________________
□ Christopher A. Callihan, City Attorney
□ Rhonda Combs, Assistant City Attorney

St. FRANCIS ELECTRIC, LLC.

Docusign Envelope ID: 0B589CF7-1187-4A05-A1D1-713F55D9F003 553915

Form: Agreement Amendment
Version: July 2025

____________________________________
Printed name: __Guy Smith______________
Title: ____President____________________
Docusign Envelope ID: 0B589CF7-1187-4A05-A1D1-713F55D9F003 554916
/0/1/2/3/i255/5/i255/6/7/i255/8/i255
/9/3/10/11/12/6/13/14/i255/15/1/13/16/1/10/17/i255/8/18/8/5/i255 /i255
/19/20/21/22/22/23/22/24/25/i255/27/19/23/22/24/28/23/22/24/25/i255/24/29/30/i255/31/i255/25/29/i255/i255 /29/24/32/33/19/34/34/i255/35/25/21/22/22/25/34/36/20/37/25/i255/23/19/36/24/25/22/24/19/24/33/22/i255/35/22/21/38/36/33/22/35/i255 /39/22/25/40/22/22/24/i255/i255
/35/25/30/i255/41/21/19/24/33/36/35/i255/22/34/22/33/25/21/36/33/42/i255/34/34/33/30/i255/19/24/28/i255/33/36/25/43/i255/29/41/i255/35/19/34/36/24/19/35/i255 /i255
/i255/44/45/12/11/i255/46/47/3/13/48/47/3/13/49/i255/50/6/51/i255/5/i255/49/6/i255/49/45/3/i255/46/2/10/3/3/47/3/13/49/i255/7/6/10/i255/52/3/10/53/12/54/3/11/i255/7/6/10/i255/55/13/56/57/1/58/58/i255/52/49/10/3/3/49/58/12/2/45/49/i255/59/1/12/13/49/3/13/1/13/54/3/i255/60/49/45/3/i255 /61/62/63/64/65/66/63/64/65/67/68/69/i255/12/11/i255/3/13/49/3/10/3/48/i255/12/13/49/6/i255/49/45/12/11/i255/70/49/45/i255/48/1/17/i255/6/7/i255/55/54/49/6/71/3/10/i255/8/18/8/72/73/i255/71/17/i255/1/13/48/i255/71/3/49/74/3/3/13/i255/49/45/3/i255/57/12/49/17/i255/6/7/i255/52/1/58/12/13/1/11/i255/60/49/45/3/i255/61/75/12/49/17/68/76/i255/1/13/48/i255/52/49/i255 /77/10/1/13/54/12/11/i255/78/58/3/54/49/10/12/54/73/i255/79/79/57/51/73/i255/60/49/45/3/i255/61/75/80/65/67/81/82/83/67/80/81/68/69/84/i255/57/12/49/17/i255/1/13/48/i255/57/6/13/49/10/1/54/49/6/10/i255/63/82/85/i255/87/64/i255/88/65/66/88/89/88/66/90/82/91/91/85/i255/81/64/92/64/81/81/64/66/i255/67/80/i255/93/64/81/64/88/65/i255/82/94/i255/82/i255/61/95/82/81/67/85/68/i255/82/65/66/i255 /54/6/58/58/3/54/49/12/53/3/58/17/i255/49/45/3/i255/57/12/49/17/i255/1/13/48/i255/57/6/13/49/10/1/54/49/6/10/i255/63/82/85/i255/87/64/i255/81/64/92/64/81/81/64/66/i255/67/80/i255/82/94/i255/67/93/64/i255/61/95/82/81/67/88/64/94/84/68/i255/i255 /i255
/21/22/33/36/25/19/34/35/i255
/i255
/i255/96 /97/78/98/78/46/52/73/i255/49/45/3/i255/57/12/49/17/i255/1/13/48/i255/57/6/13/49/10/1/54/49/6/10/i255/7/12/10/11/49/i255/3/13/49/3/10/3/48/i255/12/13/49/6/i255/1/99/1/13/i255/46/2/10/3/3/47/3/13/49/i255/7/6/10/i255/52/3/10/53/12/54/3/11/i255/7/6/10/i255/55/13/56/57/1/58/58/i255/52/49/10/3/3/49/58/12/2/45/49/i255 /59/1/12/13/49/3/13/1/13/54/3/i255/3/7/7/3/54/49/12/53/3/i255/100/3/54/3/47/71/3/10/i255/101/73/i255/8/18/8/102/73/i255/103/16/10/11/16/1/13/49/i255/49/6/i255/74/45/12/54/45/i255/57/6/13/49/10/1/54/49/6/10/i255/1/2/10/3/3/48/i255/49/6/i255/1/54/49/i255/1/11/i255/1/13/48/i255/103/10/6/53/12/48/3/i255/54/3/10/49/1/12/13/i255/11/3/10/53/12/54/3/11/i255 /49/6/i255/49/45/3/i255/57/12/49/17/i255/7/6/10/i255/54/6/47/103/3/13/11/1/49/12/6/13/i255/104/67/93/64/i255/61/46/2/10/3/3/47/3/13/49/68/69/105/i255/82/65/66/i255 /i255
/i255/96 /97/78/98/78/46/52/73/i255/49/45/3/i255/57/12/49/17/i255/1/13/48/i255/57/6/13/49/10/1/54/49/6/10/i255/48/3/11/12/10/3/i255/49/6/i255/1/47/3/13/48/i255/49/45/3/i255/46/2/10/3/3/47/3/13/49/i255/49/6/i255/10/3/7/58/3/54/49/i255/49/45/3/i255/10/3/53/12/11/3/48/i255/54/6/47/103/3/13/11/1/49/12/6/13/i255/49/6/i255/71/3/i255 /103/1/12/48/i255/49/6/i255/49/45/3/i255/54/6/13/49/10/1/54/49/6/10/51/i255/i255 /i255
/50/55/96/73/i255/44/97/78/98/78/77/55/98/78/73/i255/12/13/i255/47/16/49/16/1/58/i255/54/6/13/11/12/48/3/10/1/49/12/6/13/i255/6/7/i255/49/45/3/i255/49/3/10/47/11/i255/1/13/48/i255/54/6/13/48/12/49/12/6/13/11/i255/11/3/49/i255/7/6/10/49/45/i255/71/3/58/6/74/73/i255/49/45/3/i255/0/1/10/49/12/3/11/i255/1/2/10/3/3/i255/49/6/i255/1/47/3/13/48/i255 /49/45/3/i255/46/2/10/3/3/47/3/13/49/i255/1/11/i255/7/6/58/58/6/74/11/14/i255 /i255
/25/22/21/23/35/i255
/i255
/5/51/i255/44/45/3/i255/49/6/49/1/58/i255/1/47/6/16/13/49/i255/6/7/i255/54/6/47/103/3/13/11/1/49/12/6/13/i255/49/6/i255/71/3/i255/103/1/12/48/i255/16/13/48/3/10/i255/49/45/3/i255/46/2/10/3/3/47/3/13/49/i255/11/45/1/58/58/i255/13/6/49/i255/3/107/54/3/3/48/i255/1/i255/49/6/49/1/58/i255/54/6/13/49/10/1/54/49/i255/1/47/6/16/13/49/i255/i255 /6/7/i255/108/5/18/18/73/18/18/18/i255/7/6/10/i255/49/45/3/i255/103/3/10/12/6/48/i255/6/7/i255/100/3/54/3/47/71/3/10/i255/101/73/i255/8/18/8/102/73/i255/49/45/10/6/16/2/45/i255/100/3/54/3/47/71/3/10/i255/101/73/i255/8/18/8/101/51/i255 /i255
/8/51/i255/46/58/58/i255/6/49/45/3/10/i255/54/6/53/3/13/1/13/49/11/73/i255/49/3/10/47/11/73/i255/1/13/48/i255/54/6/13/48/12/49/12/6/13/11/i255/11/3/49/i255/7/6/10/49/45/i255/12/13/i255/49/45/3/i255/46/2/10/3/3/47/3/13/49/i255/1/13/48/i255/13/6/49/i255/1/47/3/13/48/3/48/i255/71/17/i255/49/45/12/11/i255/46/47/3/13/48/47/3/13/49/i255 /11/45/1/58/58/i255/10/3/47/1/12/13/i255/12/13/i255/7/16/58/58/i255/7/6/10/54/3/i255/1/13/48/i255/3/7/7/3/54/49/i255/1/11/i255/12/7/i255/7/16/58/58/17/i255/11/3/49/i255/7/6/10/49/45/i255/45/3/10/3/12/13/51/i255 /i255
/109/50/i255/96/109/44/50/78/52/52/i255/96/97/78/98/78/55/77/73/i255/49/45/3/i255/16/13/48/3/10/11/12/2/13/3/48/73/i255/1/11/i255/1/16/49/45/6/10/12/110/3/48/i255/10/3/103/10/3/11/3/13/49/1/49/12/53/3/11/i255/6/7/i255/49/45/3/i255/57/12/49/17/i255/1/13/48/i255/57/6/13/49/10/1/54/49/6/10/i255/45/1/53/3/i255/3/13/49/3/10/3/48/i255/12/13/49/6/i255 /49/45/12/11/i255/46/2/10/3/3/47/3/13/49/i255/1/11/i255/6/7/i255/49/45/3/i255/48/1/49/3/i255/7/12/10/11/49/i255/74/10/12/49/49/3/13/i255/1/71/6/53/3/51/i255 /i255
/33/36/25/43/i255/29/41/i255/35/19/34/36/24/19/35/i255
/i255
/i255
/111/111/111/111/111/111/111/111/111/111/111/111/111
/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/i255 /98/3/13/3/i255/59/3/13/48/3/110/73/i255/57/12/49/17/i255/59/1/13/1/2/3/10/i255 /i255
/46/0/0/98/55/9/78/100/i255/46/52/i255/44/55/i255/77/55/98/59/14/i255 /i255
/i255
/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/i255 /112/i255/75/93/81/88/94/49/6/103/45/3/10/i255/46/51/i255/57/1/58/58/12/45/1/13/73/i255/57/12/49/17/i255/46/49/49/6/10/13/3/17/i255 /112/i255/98/45/6/13/48/1/i255/57/6/47/71/11/73/i255/46/11/11/12/11/49/1/13/49/i255/57/12/49/17/i255/46/49/49/6/10/13/3/17/i255 /i255
/35/25/i255/41/21/19/24/33/36/35/i255/22/34/22/33/25/21/36/33/42/i255/34/34/33/30/i255 /i255
/i255
/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/111/i255 /0/10/12/13/49/3/48/i255/13/1/47/3/14/i255/111/111/111/111/113/16/17/i255/52/47/12/49/45/111/111/111/111/111/111/111/111/111/111/111/111/i255 /114/115/116/117/118/119/120/121/i255/123/121/124/125/126/115/127/125/i255/128/114/129/i255/130/131/132/114/133/134/135/136/137/133/135/138/134/137/133/132/139/140/137/139/132/114/141/137/142/143/135/141/138/130/139/144/133/131/133/134 555
/0/1/2/3/i255/5/i255/6/7/i255/5/i255
/8/3/9/10/11/6/12/13/i255/14/1/12/15/1/9/16/i255/5/17/5/18/i255 /i255
/19/11/20/21/3/13/i255/22/22/22/22/22/22/22/0/9/3/10/11/23/3/12/20/22/22/22/22/22/22/22/22/22/22/22/22/22/22/22/22/22/i255 /24/25/26/27/28/29/30/31/i255/33/31/34/35/36/25/37/35/i255/38/24/39/i255/40/41/42/24/43/44/45/46/47/43/45/48/44/47/43/42/49/50/47/49/42/24/51/47/52/53/45/51/48/40/49/54/43/41/43/44 556

CITY BUSINESS

CONTRACT ROUTING FORM
fnsffuctions: Ci\/ business contracts, regardless of value, are to be routed through the originating Department, Finance Department for Purchasing policy compliance and signatory authorization review, City Attorneys'Offlce for legal evaluation as to the contract form, and the lvlayor, City 14anager, or authorized Depaftment signatory for revlew and processing, This form standardizes that rocess and is to be used as the cover sheet to ensure the complete review by appropriate City staff Please route cantract routtng form and agreements electronica 'lly to [email protected] until fufther notice Department Name

REQUESTING DEPARTMENT
758-7275Staff Member Responsible for
Contract ('DSMR")
Dept, Primary Point of Conta€t for
Contrbcts CDPPC")
Jenny Davila
Tel#
Tel# 758-7108
coNTRACTOR/VENDOR COMPANY INFORMATION
Contractor Name
Tel#
Address
[email protected]
510-725-5185Monica Kint

CONTRACT DESCRIPTION/INFORMATION
Purpose of Contract
(Brief description)
RFP - On-Call Streetlight Maintenance Services
Start Date 1 0s12023 End Date 1 0sl202sTerm of Contract $50,o00 Account No 1000.50.5235-63.4900
Type of Funding E General Funds tr Grant Funds/Federal ! crant Funds/State tr Restricted Funds E Revenue Generatin tr Other:

Type of Contract
(Check all that apply)
tr Personal/Professional Consu lta nt
tr Amendment/Renewal
tr Contract for Worksho Seminar
tr Non-Standard (Vendor-Generated
tem late
tr Goods/lvlateria ls and Devices
tr Services - General
tr License / Lease / Use of Facility
Attachment
Checklist
(Check all that are
attached )
E Request for Proposal (usually an
attachment/exhibit to professional services
contract)
tr Bid Tabulation (Bid Opening results or
Quotes received formal or informal)
tr City Council Reso
tr Original contract (Required for Routing
Amendments or Renewals)
El Endorsements to Insurance
_x_ General Liability Additional Insured
x Workers Com p Waiver of Subrogati
tr Bonds Payment _ Peformance
on I. l
Informal Purchase quotes or bids obtained.
l)Vendor: Quote:
2)Vendor: Quote:
3) Vendor: _Quote:_ Exception to Competitive Purchasing - Sole Source Form (attached)
. Exception to Competitive Purchasing -
Cooperative Form (attached) (piggybacking
not authorized under existing City Code)
tr Warranties Sample Actual
Page I of2

SALINAS
Public Works - Street l4aintenance
Francisco Aguilar
ST Francis Electric, LLC. Email
Contact Person
975 Carden Street
CiW, State. ziD San Leandro, Ca 94577
Contract Amount
tr Construction
B Services - Repair 8y'or Maintenance
tr lvlemorandum of Understandinq
* Alternative{y, if no attachment regarding purchasing
proc€ss complete this se€tion:
tr Purchase of $30,000+ general purchases; PW
Projects $100,000+, adjusted to index annually, or
! Certificates of Insurance:
_GL Auto _ WC Other:

V. lanuary 2024
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 557884

CERTIFICATION & APPROVALS
Requesting DSMR, DCPP, and Department Head each certify that he/she:
(1) has read the attached contract/agreement and that the requesting department will comPly with all its req u ire me nts
(2) recognize that while Legal may review the contract from a legal and/or policy perspective. it is the requesting department's responsibility to ensure the business terms and specifications are sufficient and/or practical for departmental needs
(3) is responsible to monitor the contract for compliance, payment obligations, and to obtain effective evidence of insurance, and any required bonds at contract initiation.

SIGNATURE DatePRINT NAME
s/r/z,l
Dept. Staff Member
Responsible for
Contract
Francisco Aguilar

3.'J.2,Jenny Davila
Dept. Primary Point of
contact for Contracts
3 7-.F,q/-
David lacobs
Department Head

FINANCE/ PURCHASING REVIEWED FOR COMPLIANCE
Point of Contact: Assistant Finance Director, Selina Andrews r Reviewed for
Compliance with City
Purchasing Code and
Policy
tr Confirmed an
authorized signer (title
and name) is on contract
=f rsfz'1
LEGAL
Approved as to Form
Christopher Callihan
Comments respecting Contract being routed that may be helpful to reviews, notifications respecting non-approva and/or recommendations for additi onal City Departments to review (or attached memo):
ls,
Council approved
Notei Please do not send the routing form oT any comments or advice from the City Attorn parties/contractor(s) when negotiating or corresponding. Those communications may be attorney-client privileged, and by forwarding them, you could be waiving that protective privilege, and/or doing so could affect negotiations with a third party. Further Note: If contractor requests an originally executed contract two (2) contract originals must contract.Form of aBusiness Contract Routinattached to the Ci a ey's Office to any third
V. lanuary 2024

Selina Andrews
d*r
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 3/24/2024 | 11:06 AM PDT
558885

AGREEMENT FOR SERVICES BETWEEN
THE CITY OF SALINAS AND ST FRANCIS ELECTRIC' LLC.

ON.CALL STREETLIGHT MAINTENANCE SERVICES
THIS AGREEMENT is executed this 5th day of December 2023 (" Agreement" or ..Contract") between the City of Salinas, a Califomia Charter city and municipal corporation (hereinafter "City"), and St Francis Electric, LLC., a Limited Liability Company, (hereinafter "Contractor").

IT IS HEREBY MUTUALLY AGREED AS FOLLOWS:

1. Scope. Contractor hereby agrees to provide to the City, as the scope of services under this Agreement, services related to On'Call Streetlight Maintenance.

It is understood by City and Contractor that Contractor performs or secures the performance of On-Call Streetlight Maintenance and related services for the City on an on-going basis. On each occasion Contractor performs services for City, Contractor shall advise the City in writing of the scope of services to be provided, and the cost of, and estimated time to perform the services.

Contractor shall not proceed to perform any such service until City and Contractor have established a project cost, a completion schedule or a time period for performance, and the city has given its written authorization to perform. Written approval for performance and compensation may be granted by the appointed City Project Manager.
1 Term: Comoletion Schedule, This Agreement shall commence on December 5,2023, and shall terminate on December 5,2025, unless extended in writing by either party upon (30 days written notice. This Agreement may be extended only upon mutual written consent of the parties and may be terminated only pusuant to the terms of this Agreement and the original RFQ'

3. Compensation. City hereby agrees to pay Contractor for services rendered the City )
pursuant to this Agreement on a time and materials basis according to the rates of as shown on [!][i!! and an amount not to exceed Fifty Thousand ($50,000) Dol compensation
lars.
4, Billing. Contractor shall submit to City an itemized invoice, prepared in a form satisfactory to City, describing its services and costs for the period covered by the invoice. Except as specifically authorized by City, Contractor shall not bill City for duplicate services performed by more than one person. Contractor's bills shall include the following information to which such services cost or Pertain:
(A) A brief description of services performed;
(B) The date the services were performed;
(C) The number of hours spent and by whom;
(D) A brief description of any costs incurred; and
Master Services Agreement v. January 2021
Bear Electric Solutions, [nc.

December 2023
Page I of 12
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 559886
( f) The Contraclor's signalure.

Any such invoices shall be in full accord with any and all applicable provisions of this Agreement.
city shall make payment on each such invoice within thirty (30) days ofreceipt; provided, however, that if Contractor submits an invoice which is incorrect, incomplete, or not in accord with the provisions of this Agreement, city shall not be obligated to process any payment to Contractor until thirty (30) days after a correct and complying invoice has been submitted by Contractor. The City shall process undisputed portion immediately.

Mcet and Confer. Contractor agrees to meet and confer with City or its agents or employees with regard to services as set forth herein as may be required by the City to ensure timely and adequate performance ofthe Agreement.

6. Additional Copies. If City requires additional copies of reports, or any other material which Contractor is required to fumish as part of the services under this Agreement, Contractor shall provide such additional copies as are requested, and City shall compensate Contractor for the actual costs related to the production ofsuch copies by Contractor. 7 . Resp onsibilitv of Contractor. By executing this Agreement, Contactor agrees that the services to be provided and work to be performed under this Agreement shall be performed in a fully competent maruter. By executing this Agreement, Contractor further agrees and represents to City that the Contractor possesses, or shall arrange to secure from others, all of the necessary professional capabilities, experience, resources, and facilities necessary to provide the City the iervices contemplated under this Agreement and that City relies upon the professional skills of Contractor to do and perform Contractor's work. Contractor further agrees and represents that Contractor shall follow the current, generally accepted practices in this area to the profession to make findings, render opinions, prepare factual presentations, and provide professional advice and recommendations regarding the projects for which the services are rendered under this Agreement.

8. Responsibilitv of CiE. To the extent appropriate to the projects to be completed by Contractor pursuant to this Agreement, City shall:
(A) Assist Contractor by placing at its disposal all available information pertinent to the projects, including but not limited to, previous reports and any other data relative to the projects. i..toitting contained herein shall obligate City to incur any expense in connection with completion of studies or acquisition of information not otherwise in the possession of City' (B) Examine all studies, reports, sketches, drawings, specifications. proposals. and other documents presented by Contractor, and render verbally or in writing as may be-appropriate, decisions pertaining thereto within a reasonable time so as not to delay the services of Contractor. (c) Jim Pia, Interim city Manager, or his designee, shall act as city's representative *ith respect to the work to be perlormed under this Agreement. Such person shall have the complet; authority to ffansmit instructions, receive information, interpret and define City's Master Services Agreement v. January 2021
St Francis Electric. LLC
December 2023

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 560887
policies and decisions with respect to materials, equipment. elements, and systems pertinent to Contractor's services. City may unilaterally change its representative upon notice to the Contractor.
(D) Give prompt written notice to Conhactor whenever City observes or otlerwise becomes aware ofany defect in a project.

9. Acceptance of Work Not a Release. Acceptance by the City of the work to be performed under this Agreement does not operate as a release of Contractor from professional responsibility for the work performed

10. Indemnification and Hold Harmless. Contractor shall defend, indemnifr, and hold harmless the City and its officers, officials, employees, volunteers. and agents from and against any and all liability, loss, damage, expense, costs (including without limitation costs and fees of litigation) of every nature arising out of or in connection with Contractor's performance of work hereunder, including the performance of work of any of Contractor's subcontractors or agents, or Contractor's iailure to comply with any of its obligations contained in the agreement. except such loss or damage which was caused by the sole negligence or willful misconduct of the City.

11. Insurance. Contractor shall procure and maintain for the duration of this Agreement insurance meeting the requirements specified in Exhibit A hereto

12. Access to Records. Contractor shall maintain all preparatory books. records, documents, accounting ledgers, and similar materials including but not limited to calculation and survey notes relating to work performed for the city under this Agreement on file for at least thee (3) years following the date of final payment to Contractor by City. Any duly authorized representative(s) of City shall have access to such records for the purpose of inspection, audit, and copying at reasonable times during Contractor's usual and customary business hours. Contractor shall provide proper facilities to City's representative(s) for such access and inspection.

13. Non-Assi abilitv. It is recognized by the parties hereto that a substantial inducement to City for entering into this Agreement was, and is. the professional reputation and competence Contractor. This Agreement is personal to Contractor and shall not be assigned by it witho of
ut
express written approval ofthe City.

14. Chanses to ScoDe of Work. City may at any time, and upon a minimum of ten (10) days written notice, seek to modiff the scope ofservices to be provided for any project to be completed under this Agreement. Contractor shall, upon receipt of said notice, determine the impact on both time and compensation of such change in scope and notifu city in writing. Upon agreement between City and Contractor as to the extent of said impacts to time and compensation, an amendment io this Agreement shall be prepared describing such changes. Execution of the amendment by City and Contractor shall constitute the Contractor's notice to proceed with the changed scope.

15. Ownershio of Documents, Title to all final documents. including drawings' specifications, data, reports, summaries, conespondence, photographs, computer software (if Master Services Agreement v. January 2021
St Francis Electric. LLC.

December 2023

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 561888
purchased on the City's behalf), video and audio tapes, software output, and any other materials with respect to work performed under this Agreement shall vest with City at such time as City has compensated Contractor, as provided herein, for the services rendered by Contractor in connection with which they were prepared. City agrees to hold harmless and indemnify the Contractor against all damages, claims, lawsuits. and losses ofany kind including defense costs arising out ofany use of said documents, drawings, and/or specifications on any other project without written authorization of the Contractor.

16. Termination.
(A) City shall have the authority to terminate this Agreement, upon ten days written notice to Contractor. as follows:
(1) If in the City's opinion the conduct ofthe Contractor is such that the interest of the City may be impaired or prejudiced, or
(2) For any reason whatsoever.
(B) Upon termination, Contractor shall be entitled to payment of such amount as fairly compensates Contractor for all work satisfactorily performed up to the date of termination based upon the Contractor's rates shown in Exhibit B and/or Section 3 of this Agreement, except that:
(1) In the event of termination by the City for Conffactor's default, City shall deduct from the amount due Contractor the total amount of additional expenses incurred by City as a result of such default. Such deduction from amounts due Contractor are made to compensate City for its actual additional costs incurred in securing satisfactory performance ofthe terms ofthis Agreement, including but not limited to, costs ofengaging another Contractor(s) for such purposes. In the event that such additional expenses shall exceed amounts otherwise due and payable to Contractor hereunder, Contractor shall pay City the full amount of such expense.
(C) In the event that this Agreement is terminated by City for any reason, Contractor shall
(1) Upon receipt of written notice of such termination promptly cease all services on this project, unless otherwise directed by City; and (2) Deliver to City all documents, data, reports, summaries, correspondence, photographs, computer software output, video and audio lup"^t, u+d any other materials frovidedio Contrtctor or prepared by or for Contractor or the City in connection_with this Agreement. Such material is to be delivered to City. in completed . form; however,
no-twithstanding the provisions of Section 15 herein, City may condition payment for services renderEd to the date of termination upon Confactor's delivery to the City ofsuch material.
(D) In the event that this Agreement is terminated by City for any reason, City is hereby expressly permitted to assume the projects and complete them by any means, including but not limited to. an agreement with another party.

Master Services Agrccment v. January 2021
St Francis Electric. LLC.

December 2023

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 562889
(E) The rights and remedy ofthe City and Contractor provided under this Sectton are not exclusive and are in addition to any other dghts and remedies provided by law or appearing in any other section of this Agreement.
17, Comnliance with Laws. Rules. and Resulations. Services performed by Contractor pursuant to this Agreement shall be performed in accordance and full compliance with all applicable federal, state, and City laws and any rules or regulations promulgated thereunder.

18. Exhibits Incornorated. All exhibits referred to in this Agreement and attached to it are hereby incorporated in it by this reference. In the event there is a conflict between any of the terms of this Agreement and any of the terms of any exhibit to the Agreement, the terms of the Agreement shall control the respective duties and liabilities ofthe parties.

19. Indenendent Contractor. It is expressly understood and agreed by both pafiies that Contractor, while engaged in carrying out and complying with any of the terms and conditions of this Agreement, is an independent contractor and not an employee of the City. Contactor expressly warrants not to represent, at any time or in any manner, that Contractor is an employee or servant ofthe Citv.

20. Intesration and Entire Asreement. l'his Agreement represents the entire understanding of City and Contractor as to those matters contained herein. No prior oral or written understanding shall be of any force or effect with respect to those matters contained herein. This Agreement may not be modified or altered except by amendment in writing signed by both parties.

21. Jurisdiction and Venue. This Agreement shall be govemed by and construed in accordance with the laws of the State of California, County of Monterey, and City of Salinas.

Jurisdiction of litigation arising from this Agreement shall be in the State of California, in the County of Monterey or in the appropriate federal court with jurisdiction over the matter' )) Severabilitv, lf any part of this Agreement is found to be in conflict with applicable laws. such part shall be inoperative, null and void insofar as it is in conflict with said laws, but the remainder of the Agreement shall continue to be in full force and effect.

23. Notices,
(A) Written notices to the City hereunder shall, until further notice by City, be addressed to:

City Manager
City of Salinas
200 Lincoln Avenue
Salinas. Califomia 93901
With a copy to
City Attomey
Master Services Agreement v. January 2021
St Francis Electric. LLC.

December 2023

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 563890
City of Salinas
200 Lincoln Avenue
Salinas. Califomia 93901
(B)
addressed to:

Written notices to the Contractor shall, until further notice by the Contractor, be Guy Smith. President
ST Francis Electric. LLC
975 Carden Street
San Leandro, CA94577
(C) The execution of any such notices by the City Manager shall be effective as to Contractor as if it were by resolution or order ofthe City Council, and Contractor shall not question the authority ofthe City Manager to execute any such notice. (D) All such notices shall either be delivered personally to the other party's designee named above, or shall be deposited in the United States Mail. properly addressed as aforesaid, postage fully prepaid, and shall be effective the day following such deposit in the mail.

24. Nondiscrimination. During the performance of this Agreement, Contractor shall not discriminate against any employee or applicant for employment because of race, color, religion, ancestry, creed, sex, national origin, familial status, sexual orientation, age (over 40 years) or disability. Contractor shall take affirmative action to ensure that applicants are empioyed, and that employees are treated during employment without regard to their race, color, religion, ancestry, creed, sex, national origin, familial status, sexual orientation, age (over 40 years) or disability. 25, Conflict of Interest. Contractor warrants and declares that it presently has no interest. and shall not acquire any interest, direct or indirect, financial or otherwise. in any manner or degree which will render the services required under the provisions of this Agreement a violation ofany applicable local, state or federal law. Contractor further declares that, in the performance ofthis Agreement, no subcontractor or person having such an interest shall be employed. In the event that any conflict ofinterest should nevertheless hereinafter arise, Contractor shall promptly notifr City of the existence of such conflict of interest so that City may determine whether to terminate this Agreement. Contractor further warrants its compliance with the Political Reform Act (Government code section 81000 et seq.) and Salinas city code chapter 2A that apply to Contractor as the result ofContractor's performance of the work or services pursuant to the terms of this Agreement.

26. Headinss. The section headi ngs appearing herein shall not be deemed to govem. limit. modiff. or in any manner affect the scope, meaning or intent ofthe provisions of this Agreement.

27. Attornevst Fees. In case suit shall be brought to interpret or to enforce this Agreement, or because of the breach ofany other covenant or provision herein contain ed, the prevailing party in such action shall be entitled to recover their reasonable attomeys' fees in addition to such costs Master Services Agreement v January 2021
St Francis Electric. LLC
December 2023

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 564891
as may be allowed by the Court. City's attomeys' fees, if awarded, shall be calculated at the market rate.

28. Non-Exclusive Asreement, This Agreement is non-exclusive and both City and Contractor expressly reserves the right to contract with other entities for the same or similar services.

29. Rishts and Oblieations Under Asreement. By entering into this Agreement. the parties do not intend to create any obligations express or implied other than those set out herein; further, this Agreement shall not create any rights in any party not a signatory hereto.

30. Licenses. If a license of any kind, which term is intended to include evidence of registration, is required ofContractor, its representatives, agents or subcontractors by federal, state or local law. Contractor warrants that such license has been obtained, is valid and in good standing, and that any applicable bond posted in accordance with applicable laws and regulations.

32. Lesal Representation. Each party affirms that it has been represented, if it so chose, by legal counsel of its own choosing regarding the preparation and the negotiation of this Agreement and the matters and claims set forth herein, and that each ofthem has read this Agreement and is fully aware of its contents and its legal effect. Neither party is relying on any statement of the other party outside the terms set forth in this Agreement as an inducement to enter into this Agreement.

33. JointRepresentation. The language of all parts of this Agreement shall in all cases be construed as a whole, according to its fair meaning, and not strictly for or against any party. No presumptions or rules of interpretation based upon the identity ofthe parry preparing or drafting the Agreement, or any part thereof, shall be applicable or invoked.

34. Warrantv of Authoritv. Each party represents and warants that it has the right, power, and authority to enter into this Agreement. Each party further represents and warrants that it has given any and all notices, and obtained any and all consents, powers, and authorities, necessary to permit it. and the persons entering into this Agreement for it, to enter into this Agreement.

35. No Waiver of Rights. Waiver of a breach or default under this Agreement shall not constitute a continuing waiver or a waiver of a subsequent breach of the same or any other provision of this Agreement. The failure to provide notice of any breach of this Agreement or failure to comply with any of the terms of this Agreement shall not constitute a waiver thereof.

Failure on the part ofeither parry to enforce any provision ofthis Agreement shall not be construed as a waiver of the right to compel enforcement of such provision or any other provision. A waiver by the City of any one or more of the conditions of performance under this Agreement shall not be construed as waiver(s) ofany other condition of performance under this Agreement.

Master Services Agreement v. January 2021
St Francis Electric. LLC.

December 2023
Pase l0 of 15

31. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute a single agreement.

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 565892
IN WITNESS WHEREOF, the parties hereto have made and executed this Agreement on the date first written above.

CITY OF SALINAS
Jim Pia
Interim City Manager
APPROVED AS TO FORM:
r Christopher A. Callihan, City Attomey or
o Rhonda Combs, Assistant City Attomey

CONTRACTOR
By Name):

Its (Title): President
Master Services Agreement v. January 2021
St Francis Electric. [,LC.

December 2023
Page ll of15
4-n-
Guy
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 566893
Contractor shall procure and maintain for the duration ofthe Agreement insurance against claims for injuries to p"iront o. damage to property which may arise from or in connection with the performance ofthe work hereunder and the results ofthat work by the Contractor, his agents, representatives, employees, or subcontractors. With respect to General Liability, coverage should be maintained for a minimum of five (5) years after Agreement completion.

MINIMUM SCOPE AND LIMIT OF INSURANCE
Coverage shall be at least as broad as:

1. Commercial General Liabilify (,,cGL"): Insurance services office ("ISO") Form CG 00 01 covering CGL on an "occurrence" basis. including products and completed operations, property damage, bodily injury and personal & advertising injury with limits no less than bl,0OO,OOO per occurence. If a general aggregate limit applies, either the general aggregate limit shall ipply separately to this project/location (lSO CG 25 03 or 25 04) or the general aggregate limit shatl be twice the required occurrence limit.

2. Automobile Liabitity: ISO Form CA 0001 covering any auto, or if Contractor has no owned autos. hired and non-owned autos, with limits no less than $1,000,000 per accident for bodily injury and property damage.

3. Workers' Compensation: Insurance as required by the State of Califomia, with Statutory Limits, and Empioyer's Liability Insurance with limits of no less than $1,000,000 per accident for bodily injury or disease.

4. professional Liability (also known as Errors and Omissions): Insurance appropriate to the work being performed, with limits no less than $1,000,000 per occulrence or claim, and $2,000,000 aggregate per policy period of one year.

If the Contractor maintains broader coverage and/or higher limits than the minimums shown above, the City ofSalinas requires and shall be entitled to the broader coverage and/or higher limits maintained by the Contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City'

OTHER INSURANCE PROVISIONS
The insurance policies are to contain, or be endorsed to contain,, the following provisions:

Atltlitio nal I ns ured Stat us
Insurance Requiremcnts
Exhibit A- Insurance Requirements
Self-Ins ured Rete ntion s
Self-insured retentions must be declared to and approved by the City. At the option of the City, the Confactor shall provide coverage to reduce or eliminate such self-insured retentions as respects the city, its officers, officials, employees, and volunteers; or the contractor shall provide "rid"n""
satisfactory to the City guarante;ing payment oflosses and related investigations, claim Master Services Agreement v. January 2021
St Francis Electric, LLC.

December 2023
Page l2 of l5
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 567894
administration. and defense expenses. The policy language shall provide, or be endorsed to provide. that the self-insured retention may be satisfied by either the named insured or City.

Other Insurance Provisions
A. The General Liability, Automobile Liability, Contractors Pollution Liability, and/or Asbestos Pollution policies are to contain, or be endorsed to contain, the foilowing provisions:
l. The City of Salinas, its officers, officials, employees, and volunteers are to be covered as additional insureds with respect to liability arising out ofwork or operations performed by or on behalf of the Contractor including materials, parts or equipment furnished in connection with such work or operations. General liability coverage can be provided in the form of an endorsement to the Contractor's insurance (at least as broad as ISO Forms CG 20 10, CG 11 85 or both CG 20 10, CG20 26, CG 20 33. or CG 20 38; gd CG 20 37 forms if later revisions used).

2. For any claims related to this project, the contractor's insurance coverage shall be primary insurance coverage at least as broad as ISO CG 20 01 04 13 as respects the City of Salinas, its officers, officials, employees, agents, and volunteers. Any insurance or self- insurance maintained by the City, its officers, officials, employees. agents, or volunteers shall be excess ofthe Contractor's insurance and shall not contribute with it.

3. Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to the City.

B. The Automobile Liability policy shall be endorsed to include Transportation Pollution Liability insurance, covering materials to be transported by Contractor pursuant to the contract. This coverage may also be provided on the Contractor's PLL policy.

C. If General Liability, Contractors Pollution Liability and/or Asbestos Pollution Liabililv andior Errors & Omissions coverages are written on a claims-made form:
l. The retroactive date must be shown and must be before the date of the contract or the beginning of Agreement of work.

2. Insurance must be maintained, and evidence ofinsurance must be provided for at least five (5) years after completion ofthe Agreement of work.

3. Ifcoverage is canceled or non-renewed, and not replaced with another claims-made policy form with a retroactive date prior to the contract effective date, the Contractor must purchase an extended period coverage for a minimum offive (5) years after completion of Agreement work.

4. A copy of the claims reporting requirements must be submitted to the City for review.

5. If the services involve lead-based paint or asbestos identification / remediation, the Contractor's PLL policy shall not contain lead-based paint or asbestos exclusions. If the services involve mold identification / remediation, the Contractor's PLL shall not contain a mold exclusion and the definition of "Pollution" shall include microbial matter including mold.

Acceptabiliry of Insurers
Master Services Agreement v. January 2021
St Fmncis Electric. LLC.

December 2023

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 568895
Insurance is to be placed with insurers with a current A.M. Best rating of no less than A:VII if admitted in the State of Califomia. If Contractor's Pollution Liability, Asbestos Pollution and/or Errors & Omissions coverages are not availabie from an admitted insurer, the coverage may be written by a non-admitted insurance company. A non-admitted company should have an A.M.

Best rating of A:X or higher. Exception may be made for the Califomia State Compensation Insurance Fund if not rated.

Ve r ijic ation of C ov e ra ge
Contractor shall fumish the City with original certificates of insurance and amendatory endorsements. or copies ofthe applicable insurance policy language effecting coverage required by this contract and a copy of the Declarations and Endorsements page of the policy listing all policy endorsements. All certificates and endorsements are to be received and approved by the City before work cofitmences. However, failue to obtain the required documents prior to the work beginning shall not waive the Contractor's obligation to provide them. The City reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time.
lYaiver of Subrogation
Contractor hereby grants to City a waiver of subrogation which any insurer may acquire against City, its officers. officials, employees, and volunteers, from Contractor by virtue of the payment of any loss. Contractor agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless ofwhether or not the City has received a waiver of subrogation endorsement from the insurer.

The Workers' Compensation policy shall be endorsed with a waiver of subrogation in favor ofthe City of Salinas for all work performed by the Contractor, its employees, agents, and subcontractors.

Suhcontractors
Contractor shall require and verifu that all subcontractors maintain insurance meeting all the requirements stated herein, and Contractor shall ensure that City ofSalinas is an additional insured on insurance required from subcontractors. For CGL coverage subcontractors shall provide coverage with a form at least as broad as ISO CG 20 38 04 13.

Special Risks or Circumstances
City reserves the right to modifu these requirements, including limits, based on the nature ofthe risk, prior experience, insurer, coverage, or other special circumstances.

Maintenance of Insursnce
Maintenance of insurance by Contractor as specified shall in no way be interpreted as relieving Contracror of its indemnification obligations or any responsibility whatsoever and the Contractor may carry, at its own expense, such additional insurance as it deems necessary.

Master Services Ageement v. Jaruary 2021
St Francis Electric. LLC.

December 2023

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 569896
.1 t itf,.u, r, . L'tt, c ! n,
Exhibit B- Fee Schedule

CITY OF SALINAS

RATE SHEET
5r. FBjNCIS ELECTRJC | 975 CAIDEIT ST. I sAN LEANDRo, aL 94577 | OFF: s10-539{639 | FAJ( 51S639{653 ,n tslrtulb,.ld. attal ldrdhatloi @,ilr.d h sfE\ Dro,6ats/orts. *, .6.,.t d.t.rtltattdt o. @t rct lrtj a, tt- @ttua.abt .ba.dr<, ,r&,fi.w,.tddt ttldtDdd M tri.6an,5rt., * n trt tcd,1dt t&,.,''[email protected] 4t t!t.,-,b!d. d,4!sni;ih4tat@ or otrr,.rBr.tE bd bt.nr .t*a!* t6.nr ,.rid, tlrin, e*.td6, d afint ,,,rlt.fit'd,i * C.tE d e .@@rt ot9eE.

Master Services Agreement v. January 2021
St Francis Electric. LLC.

December 2023
Jouroclmao Elecrriciao - Tra-fEc SiCnal Maioteaaoce e.d Rcpair Houdy StrarEht Time
Itrourly Orerti"-
Ilourly Doubletirnc
S-Ll9@per hr.

S-S9.09_pcr hr.

S 200.00 per hr.

Foreaun Electrician - Traffic Signal Maist sarrce and Repair Hourly Straight Tim.

Itroudy Overtirc
lloudv Doublaimc
$-130-00pcr hr.
t-,128-Q0 per br.
$ 225.00 pcr hr.

Iaborer - Excavation- Jackhanrmer aod (ieoeral Laborer \l'qk Houdy Staipfit TiEc
Houdy Or.ertioe
S--8LQ9. perhr.
$ 105-00 pcr br.

Bucket Tnrck
Houdy Ratc S_:10- 00_per hr.

Mobile Crane
Houly Rate S-.61-0Q- per hr.

FlatbedrlJtility Tnlck
Houdy Rate $-21=Q0- pcr hr.

Page I5 of l5
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 570897
ACORD" CERTIFICATE OF LIABILITY INSURANCE
DAIE (iIM'DDIYYYY)
02/oa/202t
THIS CERTIFICATE IS ISSUEO AS A MATTER OF INFORI/IATION ONLY AND CONFERS NO RIGHTS UPON THE CERNFICATE HOLDER. THIS

CERTIFICATE DOES NOT AFFIRMATTVELY OR NEGATIVELY AMEND, EXTEND OR ALTER TTIE COVERAGE AFFORDEO BY TIIE POLICIES BELOW. THIS CERNFICATE OF INSURANCE OOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLOER.

IMPORTANT: lf the cerlificate holder is an ADDITIONAL INSURED, the pollcy(ies) must havo ADDITIONAL INSURED provlslons or bo endorsed lf SUBROGAnON |s WAIVED, subloc-t to thc torm! and condltlons of ths pollcy, certaln pollcles may .equlls an ondors.ftent. A statemenl on thls certificato does not confer hls to tho certificate holder in lieu of such ondo PROoUCER cn LIC 0429370 -? 98-3334 S.ra Dotrl!.y
Edgeyood Partnels Insurance Cente! (EPIC)
[concord - Branch ID 15459]
P. o. Bor. 5669
PHOIIE 92S-422-9009 925-887-5815
Ir,rsu AFFORDII{G COVERAGE
concoEd, CA 9{524 TNSURERA: NATIONAL UNTON EIRE INS CO OE PITTS 19445

ITISURED
g!. Eranci! El.ctllc, !!c
PO Boi 2057
s.n L€andro. cA 94577
INSURERB: AIILIED TIORLD NAT! ASSI'R CO 10590
titsuRERc: lfEw EtuPsSrRE fNs co

INSURER D

INSURER E
COVERAGES cERT|F|CATE NUMBER. ?054??18 REVISION NUMBER:

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTEO BELOW HAVE BEEN ISSUED TO THE INSURED NAMED AAOVE FOR THE POLICY PERIOD

INDICATED, NOTWTHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIAED HEREIN IS SUAJECT TO ALL THE TERMS,

EXCLUSIONS AND CONDITIONS OF SUCH POLICIES, LIMITS SHOWN MAY HAVE EEEN REDUCED BY PAID CLAIMS, EACHOCCI]RRENCE 3 2,000,000x
$ 500,000
$ 25,000MED EXP
2,000,000PERSONAL & ADV INJURY
r 4,000,000GEN E RAL AGGREGATE
i 4,0o0,000PRODUCTS. COMP/OP AGG
$
x cr5342018 u/0a/23 o4/oL/24xA COMMERCIAL GEI{ERAL LIABTLITY GEN'L AGGREGATE LIMII APPLIES PER:
x JECT
CLAIMS.MADE occrrR
LOC
$ 2,000,000
EODltY INJURY (Per peBon) $x
AOOITY INJURY (Ps aqrden0 $
$x
o4/oL/24
$
x x cA4 ??3 67 6 o4 / oa /23
OWNED

AUTOS ONTY
HIREO

AWOS ONLY

AUTOMOBILE LIABILITY
$ 10,o00,000EACH OCCURRENCE
r 10,000,000
OCCUR
CLAIM$MADEx

UMBRELLAUAB

EXCESS LIAB
04 / 0L /23 04lot/2403102 6?3B
DED
x ATUTE
E,L EACH ACCIOENI $ 1.000,000
€ L. OISEASE . EA EMPLOYE $ 1,000.000
01/0a/24
E.L. DISE:ASE - POIICY LIMIT r 1,000.000
x wco22294334 o4 / oL /23c WORXERS COMPENSATION

AND EMPLOYERS' L'ABLIAY

ANYPROPRIETOR/PARTNER/EXECUTIVE
OFFICER/MEMBEREXCLIJDED? Y
I
Ea. occlAgglegat€
Ea Occ/AggEeqate
5,000.000
1,000,000
o1/01/23
o4 / 0L /23
o4/01/24
o4/oL/2a
03092664
o3092664
Pollutioa !i.bi1icy
Prote3sioa.l Llrbil,ity
B
B
DESCR|PT|ON OF OPERAT|Oi{S / LOCATTONS / VEHICLES (ACORO tO1, Addlilon.l R.m.rL Sch.dul., m.y b..hch.d llmor..p.c. i. oquidd) RE: SEE Job 121-0501, On-Cal'I StreetLight lleint€nanc€ S€rvices.

AdditionaL lnsur.d(!): The City of Salinat, itt offlcers, officirl!, eryLoye.s, end volunt'cr3' nh.n r.quiEcd by xritten contEact, Additional Insulad rtatu! yith Pri-n !y t Non-cont.ibutory covclag. rPPlie! to c€ncr!1 Liabitity and auto Ll.bility .nd lhivor of gubrogation rpplles to Gcn.rrl Litbitity, Auto Lilbility and tforklrs Coqrca3.tion, .fl as Per th. attach€d .ndorseltentt. 30 dsys notice of cancclfation, e3 Per the attached andortcnentt.

Exc.s3 Li..billty und.Elying PoIi cles includc Gcnerat I.i.bilit'y , autonobile liabil,ity rnd E4Loyer! Li..bility. cERTIFICATE HOLDER CANCELLATION
SEE Job I24-050?
city of stlineg
200 LLncoln Avenu.

Salinst, CA 93901 gsA

AUIHORIZED REPRESENTATIVE
1*P-
@ 1988.2015ACORo CoRPORATION. All rights reserved.

ACORD 25 (2016103)
PATRAOl
705t7718
2344t
x

SCHEDULEO
AUTOS
NON.OWNED

AUTOS ONTY
OTH.

SHOULD AI{Y OF THE ABOVE DESCRIBED POLICIES BE CANCELLEO BEFORE THE EXPIRATIOI{ OATE THEREOF, NOTICE WILL BE DELIVERED II{ ACCOROANCE WITH THE POUCY PROVISIONS.

The ACORD name and logo are registered marks ofACORD
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 571898

SUPPLEMENT TO CERTIFICATE OF INSURANCE
OATE
02loa/2o24
NAME OF INSURED: St. ar.nciE El.€cr.ic, !!c
Additional DescriDtion oI Ooerations/Remarks from Paoe 1:
suPP (0s/04)
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 572899

ENDORSEMENT
This endorsement, effective 12;O1 A.M. O4lOLl2O23 forms a part oI policy No.CA 477-36-76 issued to ST. FRAI{C I S ELECTRIC, LLC byNATIONAL UNI0N FIRE INSURANCE C0IIPANY 0F PITTSBURGH, PA THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITIONAL INSURED . WHERE REOUIRED UNDER CONTRACT OR AGREEMENT This endorsement modilies insurance provided under the following:

BUSINESS AUTO COVERAGE FORM

SCHEDULE
ADDITIONAL INSURED:

Anv oerson or oroanization for whom you are contractually bound to or6v'ide Addition;l lnsured status but only to the extent of such berson's or organization's Iiability arislng out of the use of a covered 'auto'.
l. SECTION ll - LIABILITY COVERAGE. A. Coverage, 1. - Who ls lnsured, is amended to add:
d. Any person or organization, shown in the schedule above, to whom you become obligated to include as an additional insured under this policy, as a result of any contract or agreement you enter into which requires you to furnish insurance to that person or organization of the type provided by this policy. but only with respect to liability arising out of use of a covered "auto", However, the insurance provided will not exceed the lesser of:
(1) The coverage and/or limits of this policy. or
(2) The coverage and/or limits required by said contract or agreement. here
87950 {10/05) Page 1 of 1
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 573900
ENDORSEMENT #
This endorsement, effective 12:O1 A.M. O4/OU2O21 forms a part of Policy No.CA 477-36-76 issued to ST. FRANCTS ELECTRtC, LLC Bv NATI0NAL UNI0N FIRE INSURANCE C0[iPANY oF P|TTSBURGH, pA THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

LIMITED ADVICE OF CANCELLATION PROVIDED VIA E-MAIL

TO ENTITIES OTHER THAN THE FIRST NAMED INSURED
This policy is amended as follows:
ln the event that the lnsurer cancels this policy for any reason other than non-payment of premium, and

1. the cancellation ellective date is prior to this policy's expiration date; 2 the Firsl Named lnsured is under an existing contractual obligation to notify a certi{icate holder when this policy is canceled (hereinafter. the "Certificate Holder(s),') and has provided to the lnsurer, either directly or through its broker of record, the email address of a contact at each such entity; and

3. the lnsurer received this information after the First Namod lnsured receives notice of cancellation of this policy and prior to this policy's cancellation effective date, via an electronic spreadsheet that is acceptable to the lnsurer, the lnsurer will provide advice oI cancellation (the "Advice") via e-mail to each such Certificate Holders within !Q days after the First Named lnsured provides such information to the lnsurer;provided, however, that if a specific number of days is not stated above, then the Advice will beprovided to such Certificate Holder(s) as soon as reasonably practicable after the First Named lnsured provides such inlormation to thelnsurer.

Proof of the lnsurer emailing the Advice. using the inrormation provided by the First Namod lnsured, will serve as proof that the lnsurer has fully satisfied its obligations under this endorsement.

This endorsement does not affect, in any way, coverage provided under this policy or the cancellation of this policy or the effective date thereof, nor shall this endorsement invest any rights in any entity not insured under this policy.

The following Detinitions apply to this endorsement
l First Named lnsured means the Named lnsured shown on the Declarations page ol thispolicy.

2. lnsurer means the insurance company shown in the header on the Declarations page of thispolicy. 1O7414 lo3t11|
Authorized Rapresentative
All other terms, conditions and exclusions shall remain the same.

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 574901

ENDORSEMENT
This endorsement, effective 12:O1A .M. 04/07/2023 forms a part of policyNo. CA 477 -36'76 issuedto ST. FRANCIS ELECTRIC, LLC Saction lV - Business Auto Conditions, 8., Goneral Conditions, 5., Other lnsurance, c., is amended by the addition of the following sentence:

The insurance aflorded under this policy to an add itional insu red will apply as primary insurance for such additionalinsured where so required under an agreement executed prior to the date of accident We will not ask any insurer that has issued other insurance to such additionalinsured to contribute to the settlement of loss arising out of such accident.

All other terms and conditions remain unchanged,
74445 (1O/99)
byNATIONAL UNION FIRE INSURANCE COI'IPANY 0F PITTSBURGH, PA THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

INSURANCE PRIMARY AS TO CERTAIN ADDIT]ONAL INSUREDS
This endo$ement modifies insurance provided under the following:

BUSINESS AUTO COVERAGE FORM
or
Where
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 575902

ENDORSEMENT
This endorsement, effective 12:01 A.M. O4/OI/ZOZ3 forms a part of policy No. CA 477 -36-76 issued to ST. FRANC I S ELECTR tC, LLC by NATIONAL UNION FIRE INSURANCE cof.IPANY oF PITISBURGH, PA THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US This endorsement modifies insurance provided under the following:

BUSINESS AUTO COVERAGE FORM
section lv - Business Auto conditions, A. - Loss conditions, 5. - Transfer of Rights of Recovery Against Others to Us, is amended to add:

However, we will waive any right of recover vre have against any person or organization with whom you have entered into a contract or agreement because of payments we make under this Coverage Form arising out of an "accident" or "loss" if:
(1) The "accident" or "loss" is due to operations undertaken in accordance with the contract existing between you and such person or organizalion; and
(21 The contract or agreement was entered into prior to any " accident,, or ,,loss,, .

No waiver of the right of recovery will directly or indirectly apply to your employees or employees of the person or organization, and we reserve our rights or lien to be reimbursed from any recovery funds obtained by any injured employee.
62897 (6/9s)

ORIZED REPRESENTATIVE
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 576903

COMMERCIAL GENERAL LIABILITY
cG 20'10 1219
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITIONAL TNSURED - OWNERS, LESSEES OR

CONTRACTORS - SCHEDULED PERSON OR

ORGANIZATION
This endorsement modifies insurance provided under the following:

COMMEBCIAL GENERAL LIABILITY COVEBAGE PART

SCHEDULE
Name Of Additional lnsured Person(sl
Or Organization(s) ationsLocation(s) Ol Covered O

ANY PERSON OR ORGANIZATION WHOM YOU

BECOME OBLIGATED TO INCLUDE AS AN

ADDITIONAL INSURED AS A RESULT OF ANY

CONTRACT OR AGREEMENT YOU HAVE

ENTERED INTO,
lnformation required to complete this Schedule. iI not shown above, will be shown in the Declarations

PER THE CONTRACT OR AGREEMENT
A. Section ll - Who ls An lnsured is amended to
include as an additional insured the person(s) or
organization(s) shown in the Schedule, but only
with respect to liability for "bodily injury",
"property damage" or "personal and advertising
injury" caused, in whole or in part, by;

1. Your acts or omissions; or

2. The acts or omissions of those acting on
your behalJ;
in the per{ormance o{ your ongoing operations
for the additional insured(s) at the location(s)
designated above.

However:

1. The insurance af{orded to such additional
insured only applies to the extent permitted
by law; and

2. lf coverage provided to the additional
insured is required by a contract or
agreement, the insurance arforded to such
additional insured will not be broader than
that which you are required by the contract
or agreement to provide for such additional
insured.

B. With respect to the insurance afrorded to these
additional insureds, the following additional
exclusions apply:

This insurance does not apply to "bodily inlury"
or "property damage" occurring after:

1. All work, including materials, parts or
equipment furnished in connection with such
work, on the project (other than service,
maintenance or repairs) to be performed by
or on behslf of the additional insured(s) at
the location of the covered operations has
been completed; or

2. That portion of "your work" out of which
the injury or damage arises has been put to
its intended use by any Person or
organization other than another contractor or
subcontractor engaged in performing
operations for a principal as a part of the
same project.
cG 20 10 12 19 Page 'l ol 2
POLICY NUMBER: GL 534-20.18
O lnsurance Services Office, lnc., 2018
DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 577904
C. With respect to the insurance afforded to these
additional insureds, the following is added to
Section lll - Limits Of lnsurance:
lf coverage provided to the additional insured is
required by a contract or agreement, the most
we will pay on behalf of the additional insured
is the amount of insurance:

1. Required by the contract or agreement; or

2. Available under the applicable limits of
insurance;
whichever is less,
This endorsement shall not increase the
applicable limits ot insurance.

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 578905
POLICY NUMBEH: GL 534-20.18
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITTONAL INSURED. OWNERS, LESSEES OR

CONTRACTORS - COMPLETED OPERATIONS
This endorsement modifies insurance provided under the following

COMMERCIAL GENERAL LIABILITY COVERAGE PART

PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART

SCHEOULE
A. Section ll - Who ls An lnsured is amended to
include as an additional insured the person(s) or
organization(s) shown in the Schedule, but only
with respect to liability for "bodily iniury" or
"property damage" caused, in whole or in part.
by "your work" at the location designated and
described in the Schedule of this endorsement
performed for that additional insured and
included in the " products-completed operations
hazard".

However:

1. The insurance aftorded to such additional
insured only applies to the extent permitted
by law; and

2. lf coverage provided to the additional
insured is required by a contract or
agreement, the insurance afforded to such
additional insured will not be broader than
that which you are required by the contract
or agreement to provide for such additional
insured.

COMMERCIAL GENERAL LIABILITY
cG 20 37 1219
B. With respect to the insurance afforded to these
additional insureds, the following is added to
soction lll - Limits Of lnsurance:
lJ coverage provided to the additional insured is
required by a contract or agreement, the most
we will pay on behalf of the additional insured
is the amount of insurance:

1. Required by the contract or agreement; or

2. Available under the applicable limits of
insurance;
whichever is less.

This endorsement shall not increase the
applicable limits of insurance.

Location And Description Ot Co tionsleted O

PER THE CONTRACT OR AGREEMENT
lnformation required to complete this Schedule, if not shown above, will be shown in the Declarations. cG 20 37 12 19 O lnsurance Services Office, lnc., 2018
Name Of Additional lnsured Person{s)
Or Organization(s)

ANY PERSON OR ORGANIZATION

WHOM YOU BECOME OBLIGATED

TO INCLUDE AS AN ADDITIONAL INSURED
A5 A RESULT OF ANY CONTRACT OR
AGREEMENT YOU HAVE ENTERED INTO.

DocuSign Envelope ID: 3A95C326-1FAA-4942-9B98-0C7A503B0FC7 579906 ENDORSEMENT#
This endorsement, effective 12:O1 A.M. O4/O1/2O23 forms a part of Policy No.GL 534-20-18 issued to ST. FRANCTS ELECTRtC, LLC By NATIONAL Ut{lON FIRE INSURANCE C0iiPANY 0F P|TTSBURGH, pA THIS ENOORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

LIMITED ADVICE OF CANCELLATION PROVIDED VtA E-MAIL

TO ENTITIES OTHER THAN THE FIRST NAMED INSURED
This policy is amended as follows:
ln the event that the lnsurer cancels this policy for any reason other than non-payment of premium, and

1. the cancellation effective date is prior to this policy's expiration date;

2. the First Named lnsured is under an existing contractual obligation to notify a certificate holder when this policy is canceled (hereinafter, the ',Certificate Holde(s),') and has provided to the lnsurer, either directly or through its broker of record. the email address of a contact at each such entity; and
3, the lnsurer received this inrormation after the First Named lnsured receives notice of cancellation of this policy and prior to this policy's cancellation erfective date. via an electronic spreadsheet that is acceptable to the lnsurer, the lnsurer will provide advice of cancellation (the "Advice") via e-mail to each such Certiricate Holders within ]Q days after the First Named lnsured provides such information to the lnsurer; provided, however, that if a specific number o, days is not stated above, then the Advice will be provided to such Certificate Holder(s) as soon as reasonably practicable after the First Named lnsured provides such inlormation to thelnsurer.

All other terms, conditions and exclusions shall remain the same. 1074141O3t',t1t
Authorized Repr6santative
Proot of the lnsurer emailing the Advice. using the inJormation provided by the First Named lnsured, will serve as proof that the lnsurer has fully satisfied its obligations under this endorsement.

This endorsement does not affect. in any way. coverage provided under this policy or the cancellation of this policy or the effective date thereof, nor shall this endorsement invest any rights in any entity not insured under this policy.

The following Definitions apply to this endorsement:

1. First Named lnsured means the Named lnsured shown on the Oeclarations page of thispolicy.

2. lnsurer means the insurance company shown in the header on the Declarations page ol thispolicy.