Agenda packet — San Dimas City Council, December 9, 2025 (part 1 of 2)

CITY COUNCIL SUCCESSOR AGENCY,
HOUSING AUTHORITY, AND PUBLIC FACILITIES
FINANCING CORPORATION MEETING AGENDA
TUESDAY DECEMBER 9, 2025 7:00 PM
SAN DIMAS COUNCIL CHAMBER
245 EAST BONITA AVENUE
A public agenda packet is available for review on the City’s website www.sandimasca.gov or by contacting the City Clerk’s Office at [email protected].

Members of the public may observe the City Council meeting live on the City of San Dimas website at www.sandimasca.gov or on KWST Channel 3. To view from the website, select the Watch City Council Meetings blue button from the home page.
7:00 PM
CITY COUNCIL
Mayor Emmett Badar, Mayor Pro Tem Eric Weber, Councilmember Rachel Bratakos, Councilmember Eric Nakano, Councilmember Ryan A. Vienna
CALL TO ORDER AND FLAG SALUTE

RECOGNITION

1. Recognization of Peter Sluis – Dedication to Transit Related Issues ORAL COMMUNICATIONS
(Members of the audience are invited to address the City Council on any item on this agenda or not on this agenda. Public comment will not be taken during each individual agenda item, except for public hearing items. Comments on public hearing items will be heard when that item is scheduled for discussion. Under the provisions of the Brown Act, the legislative body is prohibited from engaging in discussion on any item not appearing on the posted agenda. However, your concerns may be referred to staff or set for discussion at a later date. Each speaker will be limited to speaking once for up to (3) three minutes.)
CONSENT CALENDAR
(All items on the Consent Calendar are considered to be routine and will be enacted by one motion unless a member of the City Council requests separate discussion.) CC1. Adopt Resolution 202557, A Resolution of the City Council of the City of San Dimas, Approving Certain Demands for the Warrant Register of November 26, 2025 in the Amount of $1,141,041.05, PrePaid Warrant Register of November 30, 2025 in the Amount of $1,831,843.50 and Warrant Register of December 15, 2025 in the Amount of $370,291.13.

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(All items on the Consent Calendar are considered to be routine and will be enacted by one motion unless a member of the City Council requests separate discussion.) CC1. Adopt Resolution 202557, A Resolution of the City Council of the City of San Dimas, Approving Certain Demands for the Warrant Register of November 26, 2025 in the Amount of $1,141,041.05, PrePaid Warrant Register of November 30, 2025 in the Amount of $1,831,843.50 and Warrant Register of December 15, 2025 in the Amount of $370,291.13.

CC2. Approve Minutes of November 12, 2025 City Council Meeting CC3. Adopt Resolution 202558, Approving the Update to the City's Record Retention Schedule CC4. Deny Bearden Claim v. City of San Dimas CJP 3055385 CC5. Receive and file the November 2025 Investment Report CC6. Approve the Administrative Services Agreement between the City of San Dimas and the San Dimas Housing Authority.

END OF CONSENT CALENDAR
RECOMMENDATION: Approve consent calendar with recommendations as presented in staff reports.

OTHER BUSINESS
OB1. Receive and File the City's Annual Independent Audited Financial Statements; Approve Budget Appropriations for an additional payment towards the City’s CALPERS unfunded liability, Infrastructure Projects, and Equipment Purchases.

RECOMMENDATION:

City staff recommends that the City Council:

Receive and File the City's Independent Audited Annual Comprehensive Financial Report.

Approve an additional budget appropriation of $945,000 to account number 001.4190.200.001 and authorize an additional $1,000,000 payment towards the Cities unfunded liability with CALPERS.

Approve a revenue budget appropriation of $750,000 to the transfer in account 012.500.001 and $250,000 to transfer in revenue account 070.500.001 which corresponds with an additional $750,000 budget appropriation to expense account 001.5000.099.012 to fund future alley, sidewalk and grant funded projects requiring a match that are not eligible for funding from special funds and an additional budget appropriation of $250,000 to expense account 001.5000.099.012 for future new equipment purchases.

SUCCESSOR AGENCY
SA1. Approve Minutes of the November 12, 2025 Successor Agency Meeting SAN DIMAS HOUSING AUTHORITY

1. Approve the December 10, 2024 Housing Authority Minutes

2. Appointment of Members of the Authority
Chair
Executive Director

3. Approve the Administrative Services Agreement between the City of San Dimas and the San iihi

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SUCCESSOR AGENCY
SA1. Approve Minutes of the November 12, 2025 Successor Agency Meeting SAN DIMAS HOUSING AUTHORITY

1. Approve the December 10, 2024 Housing Authority Minutes

2. Appointment of Members of the Authority
Chair
Executive Director

3. Approve the Administrative Services Agreement between the City of San Dimas and the San Dimas Housing Authority.

4. Receive and File the Housing Authority Annual Audit Report SAN DIMAS PUBLIC FACILITIES FINANCING CORPORATION

1. Approve the December 10, 2024 San Dimas Public Facilities Financing Corporation Minutes

2. Appointment of Members of the Corporation
President
VicePresident
Secretary/Treasurer
ORAL COMMUNICATIONS
(Members of the Audience (Speakers are limited to (3) minutes or as may be determined by the Chair.) CITY REPORTS
CR1. City Manager
CR2. City Attorney
CR3. Appoint a New Commissioner to the Parks and Recreation Commission CR4. Members of the City Council
Councilmembers’ Report on Meetings Attended at the Expense of the Local Agency (Pursuant to AB 1234 – G.C. §53232.3(d)
City Council Requests for Future Items, Comments and Updates

ADJOURNMENT
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Notice Regarding Americans with Disabilities Act: In compliance with the ADA, if you need assistance to participate in a city meeting, please contact the City Clerk's Office at (909) 3946216. Early notification before the meeting you wish to attend will make it possible for the City to make reasonable arrangements to ensure accessibility to this meeting [28 CFR 35.10235.104 ADA Title II].

Copies of documents distributed for the meeting are available in alternative formats upon request. Any iididdhCiCildiihidillbd

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b
c
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Notice Regarding Americans with Disabilities Act: In compliance with the ADA, if you need assistance to participate in a city meeting, please contact the City Clerk's Office at (909) 3946216. Early notification before the meeting you wish to attend will make it possible for the City to make reasonable arrangements to ensure accessibility to this meeting [28 CFR 35.10235.104 ADA Title II].

Copies of documents distributed for the meeting are available in alternative formats upon request. Any writings or documents provided to the City Council regarding any item on this agenda will be made available for public review Monday through Thursday 7:30 a.m. to 5:30 p.m. and on Fridays from 7:30 a.m. to 4:30 p.m. at the Administration Department and San Dimas Library. In addition, most documents are posted on the City's website at www.sandimasca.gov.

Posting Statement: I declare under penalty of perjury that on December 4, 2025, I posted a true and correct copy of this agenda on the bulletin board in the Civic Center Plaza of City Hall at 245 E. Bonita Ave.,San Dimas Library 145 N. Walnut Ave., San Dimas Post Office 300 E. Bonita Ave., Von’s Via Verde Shopping Center 1160 Via Verde Ave., and on the City's website www.sandimasca.gov/agendasminutes/as required by law.

December 4, 2025 Debra Black
Debra Black, City Clerk

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Pete Sluis
The San Dimas City Council hereby recognizes Pete
Sluis for his dedicated contribution of countless hours attending City Council and Metro Gold Line meetings,
and for his ongoing efforts to educate and inform the community on the state of affairs of transit operations. His commitment has played a meaningful role in advancing public understanding and supporting the progress made in local regional transit initiatives.

Thank You Pete
In Witness Thereof, I, Mayor Emmett G.

Badar, have hereunto set my hand and caused the seal of the City of San Dimas to be affixed this
9 th, day of December 2025.

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RESOLUTION 2025-57

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN DIMAS, COUNTY OF LOS ANGELES, APPROVING CERTAIN DEMANDS NOVEMBER 26, NOVEMBER 30, AND DECEMBER 15, 2025
WHEREAS, the following listed demands have been audited by the Director of Administrative Services; and
WHEREAS, the Director of Administrative Services has certified as to the availability of funds for payment thereto; and
WHEREAS, the register of audited demands has been submitted to the City Council for approval.

NOW, THEREFORE, BE IT FURTHER RESOLVED that the City Council of the City of San Dimas does hereby approve Warrant Register of November 26, 2025 in the amount of $1,141,041.05, Pre-Paid Warrant Register November 30, 2025 in the amount of $1,831,843.50 and the Warrant Register December 15, 2025 in the amount of $370,291.13.

PASSED, APPROVED AND ADOPTED this 9th day of December, 2025. ____________________________________
Emmett G. Badar, Mayor
ATTEST:
_______________________________
Debra Black, City Clerk

STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §

CITY OF SAN DIMAS )
I, DEBRA BLACK, CITY CLERK of the City of San Dimas, California, do hereby certify that Resolution 2025-57 was duly adopted and passed at a regular meeting of the San Dimas City Council on the 9th, day of December, 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Debra Black, City Clerk

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CITY COUNCIL MEETING

ACTION MINUTES
NOVEMBER 12, 2025, 7:00 PM

REGULAR MEETING
Council Members Present: Mayor Emmett Badar, Mayor Pro Tem Eric Weber, Councilmember Rachel Bratakos, Councilmember Eric Nakano, Councilmember Ryan A. Vienna Staff: City Manager Brad McKinney, Assistant City Manager Travis Sais, Director of Public Works Shari Garwick, Director of Administrative Services Michael O’Brien, Director of Community Development Luis Torrico, Director of Parks and Recreation Scott Wasserman, City Attorney Jeff Malawy, City Clerk Debra Black
Call to Order: 7:05 PM

CONSENT ITEMS COMMENTS/RECOMMENDATIONS

1. Adopt Resolution 2025-56, A Resolution
of the City Council of the City of San
Dimas, Approving Certain Demands for
the Pre-Paid Warrant Register of October
31, 2025, in the Amount of $1,323,314.82
and Warrant Register of November 14,
2025, in the Amount of $563,340.53.

2. Approve Minutes of the October 28, 2025,
Special Meeting and October 28, 2025,
City Council Meeting

3. Approve Capital Improvement Projects at
the San Dimas Canyon Golf Course with
a Total Cost of $916,283

4. Approve and Authorize the City Manager
to Execute a Bus Stop Enhancement
Program (BSEP) Funds Agreement with
Foothill Transit; and Approve and
Authorize the Appropriation of $40,000
Upon Receipt of the Grant Revenue
Funds.

5. Deny Claim Cruz v. City of San Dimas
CJP 3055185

6. Receive and File the October 2025
Investment Report
MOTION: Motion/seconded by Mayor Pro
Tem Weber/Councilmember Vienna to
approve consent calendar items 1,2,4,5,6.

Motion carried 5-0.

Yes: Badar, Bratakos, Nakano, Vienna,
Weber
No: None

Absent: None
Abstain: None
MOTION: Motion/seconded by
Councilmember Bratakos/Councilmember
Vienna to approve the consent calendar 3.

Motion carried 5-0.

Yes: Badar, Bratakos, Nakano, Vienna,
Weber
No: None

Absent: None
Abstain: None

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Approve Minutes of November 12, 2025 City Council Meeting Page 2 For the Meeting of December 9, 2025

OTHER BUSINESS ITEMS COMMENTS/RECOMMENDATIONS

1. Award a Contract to Waterline
Technologies, Inc. for the Replacement of
Swim Blocks at the Recreation Center in
the Amount of $71,350.45; approve a total
project budget of $78,485.45 which
includes a 10% Contingency of $7,135;
and Authorize the City Manager to
Negotiate and Execute a Contract in a
Form Approved by the City Attorney.

MOTION: Motion/seconded by
Councilmember Vienna/Councilmember
Bratakos to award a contract to Waterline
Technologies, Inc. and authorize the City
Manager to negotiate and execute the
contract in a form approved by the City
Attorney. Motion carried 5-0.

Yes: Badar, Bratakos, Nakano, Vienna,
Weber
No: None

Absent: None
Abstain: None

CITY REPORTS COMMENTS/RECOMMENDATIONS
a. City Manager City Manager McKinney provided updates on the following:
• Public Works Department is actively
monitoring and removing debris for
the upcoming storm.
• Sandbags can be filled at the San
Dimas Yard, 301 S. Walnut Avenue.
• Paving for the 5th Street Improvement
Project is scheduled for next week on
five streets (Fifth, Belleview, Hallock,
Smead, Payson), followed by grinding
and paving Iglesia and Gladstone
streets the week of November 24,
2025, dates may change dependent
on weather.
• Golden State Water’s major waterline
replacement is scheduled through
early December.
• Contractor will be installing holiday
decorations along Bonita Avenue next
week.
• Conversion of the tennis court into
four pickleball courts at the San
Dimas SportsPlex is scheduled to
begin on December 4th – January 5th
dependent on the weather.
b. City Attorney None.
c. Members of the City Council
Reports on Meetings Attended AB 1234
(G.C. §53232.3(d))
None.

CITY COUNCIL REQUESTS FOR

FUTURE ITEMS

COMMENTS/RECOMMENDATIONS

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Approve Minutes of November 12, 2025 City Council Meeting Page 3 For the Meeting of December 9, 2025
Request by Councilmember Nakano
supported by Councilmember Vienna to
recognize Pete Sluis commitment to
community engagement on Mass
Transportation
Adjourned: 7:54 P.M.

I, Debra Black, City Clerk attest that these draft minutes are accurate and reflective of the actions taken by the City Council.
________________________________
Debra Black, City Clerk

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Agenda Item Staff Report
To: Honorable Mayor and Members of City Council
For the Meeting of December 9, 2025
From: Brad McKinney, City Manager
Prepared by: Debra Black, City Clerk
Subject: Adopt Resolution 2025-58, Approving the Update to the City's Record Retention Schedule
____________________________________________________________________________

SUMMARY
The City last updated the Records Retention Schedule in 2016. Staff is working with a consultant on a Records and Information Management Program Policy, and a modernized Records Retention Schedule is the first phase for this Program. This update will include all changes in laws to date.

RECOMMENDATION
City Staff recommends that the City Council:
• Rescind Minute Resolution February 23, 2016, and the adopted Records Retention Schedule (2016)
• Adopt Resolution 2025-58, approving the update to the City ‘s Records Retention Schedule.

GOVERNMENT CODE §84308 APPLIES:
https://leginfo.legislature.ca.gov
No

FISCAL IMPACT
There is no fiscal impact for the recommended action.

BACKGROUND
In 1968, the California State Legislature adopted the California Public Records Act (“CPRA”) which requires the inspection or disclosure of governmental records to the public upon request,

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Approve the Update to the City's Record Retention Schedule Page 2 For the Meeting of December 9, 2025
unless exempted by law. This law did not provide a distinction between what is a record and what is not a record. In addition, CPRA did not tell the City how long each record, once defined, had to be retained. Absent a clear definition and clear rules for retaining records, the City has prepared for the Council’s consideration the Records Retention Schedule that defines what a record is and the rules and requirements for the administering the City’s records.

A Records and Information Management Policy clearly defines what a record is for the City of San Dimas and the rules the City will follow in managing both its records and general information. The Records Retention Schedule informs the public who may wish to obtain information from the City about what types of records the City creates and/or receives in the normal course of doing business and how long these record types will be retained by the City.

The Records Retention Schedule was created in collaboration with each department, and each department has had the opportunity to review and edit the document to meet the department’s business needs. The Records Retention Schedule has also been reviewed by outside counsel to ensure compliance with all pertaining federal and state laws and requirements.

In June 2025, the City authorized the City Manager to enter into a professional services agreement with Kaizen InfoSource LLC, to prepare a Records and Information Management Policy and update the Records Retention Schedule for the City of San Dimas. Kaizen has prepared the attached Records Retention Schedule and is currently working on developing a Records and Information Management Policy that will be presented to the Council at a future date.

DISCUSSION/ANALYSIS
As required under the Brown Act and CPRA, there is a need to have a Records and Information Management Program that is compliant, professional, cost effective, preserves vital and historical City records, and guarantees its citizens access to public records of the City. The City of San Dimas needs a modern Records Retention Schedule, as well as a Records and Information Management Policy (RMP) that will support City records. These new governance documents will not only increase government transparency but will also minimize legal risk to the City. After Council’s approval, training for the Records Retention Schedule will begin in the new year.

The next phase of the RMP will recognize the use of electronic technology as a repository for records with the Records and Information Management Policy. This will require analysis of the various electronic processing platforms currently in use by City Staff, which in part looks at whether a system can be considered a Trusted System (ensures records are true and unalterable when added to an electronic system) and creating written policies for implementation.

ALTERNATIVES
Receive and file this report on the proposed Records Retention Schedule update and provide alternative direction to staff on preferred next steps.

ENVIRONMENTAL REVIEW
Pursuant to CEQA guidelines Section 15061 (b)(3), CEQA does not apply to this item because there is no potential for causing a significant effect on the environment. Therefore, no additional environmental review is needed at this time.

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Approve the Update to the City's Record Retention Schedule Page 3 For the Meeting of December 9, 2025
Respectfully submitted,
Debra Black
City Clerk
Attachments:

1. Resolution 2025-58

2. 2025 Records Retention Schedule

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ATTACHMENT 1
RESOLUTION 2025-58

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN DIMAS, COUNTY OF LOS ANGELES, APPROVING THE UPDATE TO THE CITY’S

RECORDS RETENTION SCHEDULE
WHEREAS, the City Records Retention Schedule was created in 2016 and has not been updated since; and
WHEREAS, the purpose of the City Records Retention Schedule is to establish the categories of records created or received by City departments and to clearly establish retention periods for those records, in compliance with Federal, State and local laws including the California Government Code 6250 et seq.; and WHEREAS, the City desires to repeal Minute Resolution February 23, 2016 in its entirety to ensure that the Records Retention Schedule is modern and up-to-date, accurately reflects the record categories of all City departments and specifies legally compliant retention periods that serve the best interests of the City and the public, and to amend the City Records Retention as forth in Attachment 1 of this resolution.

NOW, THEREFORE, BE IT FURTHER RESOLVED that the City Council of the City of San Dimas does hereby repeal Minute Resolution February 23, 2016 in its entirety and approve the updated City Records Retention Schedule as set forth in Attachment 1 to this resolution.

PASSED, APPROVED AND ADOPTED this 9th, day of December, 2025. ____________________________________
Emmett G. Badar, Mayor
ATTEST:
_______________________________
Debra Black, City Clerk

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Resolution 2025-58 Page 3
Approve the Update to the Records Retention Schedule
December 9th, 2026

STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §

CITY OF SAN DIMAS )
I, DEBRA BLACK, CITY CLERK of the City of San Dimas, California, do hereby certify that Resolution 2025-58 was duly adopted and passed at a regular meeting of the San Dimas City Council on the 9th, day of December, 2025 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
______________________________
Debra Black, City Clerk

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City of San Dimas
Records Retention Schedule ATTACHMENT 2

ACRONYMS USED IN LEGAL CITATIONS
AC = While Active CU = Current Year CL = Closed D = Day FR = Final Resolution LA = Limitation on Action LI = Life (of program, asset) M = Month MA = Maturity MAINT = Maintain Records PR = Permanent S = Superseded T = Termination Y = Year Record No. Record Name and Description Example Records Responsible Department(s) Retention Legal Citations and Comments
001 Agreements, Contracts and Leases - Construction, Improvements to Real Property and City Facilities and Infrastructure
Executed agreements and contracts for construction and/or improvements to the City's real property and facilities.

Addendums and Amendments
Attachments / Exhibits
Bids, Awards (including responses to RFPs, RFQs, and RFBs, evaluation sheets, quotations)
Bonds
Certificates of Insurance and Endorsements
Change Orders
Construction Drawings
Construction Notices (including notices of award, notices of completion, etc.)
Disclosures
Exhibits
Letters of Intent
Memoranda of Agreement (MOAs)
Preliminary Notices (from third-party subcontractors)
Price Lists
Professional Services Agreements
Proposals, Quotations
Proof of Insurance Certificates
Purchase Orders
Receiving Reports
Requisitions
Specifications
Statements of Work (SOWs)
Successful Requests for Proposal (RFP)
Warranties
All Departments Permanent CA - CCP 315 - (LA10Y)
CA - CCP 337.1 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090(a) - (PR)
US - 2 CFR 200.334 - (CL+3Y)
US - 48 CFR 4.705-3(h) - (4Y)
002 Agreements, Contracts and Leases - Goods and Services Executed agreements and contracts for goods and services (which includes all types of contracts, such as an agreement, franchise, lease, JPA, MOA, MOU and associated ancillary documents, between the City and other parties.

Addendums and Amendments
Attachments / Exhibits
Bids, Awards (including responses to RFPs, RFQs, and RFBs, evaluation sheets, quotations)
Bonds
Certificates of Insurance and Endorsements
Change Orders
Compliance with City Purchasing Requirements
Disclosures
Exhibits
Franchises
Letters/Notices of Intent
Price Lists
Proposals, Quotations
Purchase Orders
Receiving Reports
Requisitions
Specifications
Statements of Work (SOWs)
Successful Requests for Proposal (RFP)
Warranties
All Departments While Active+4Y CA - CCP 337 - (LA4Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
US - 2 CFR 200.334 - (CL+3Y)
US - 29 CFR 516.5 - (3Y)
US - 48 CFR 4.705-1(b) - (4Y)
Draft
US - 48 CFR 4.705-3(f) - (4Y)

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City of San Dimas
Records Retention Schedule
003 Community Assistance, Engagement, Outreach and Public Relations Records and information regarding external-facing services, communications, advertising and press relations materials, including documentation of outreach activities/events held in cooperation or for the benefit of City staff and for the local community.

Applications
Brochures, Flyers
Community Event and Services Records
Community Meeting Documents (agendas, minutes,
correspondence)
FAQs
Informational Handouts
Media Packets
Newsletters
PowerPoint Presentations
Press Releases
Public / Media Inquiries
Public Information / Outreach / Education
Public Surveys
Publicity Files
Registrations
Sign-in Sheets
Sister City Program(s)
Social Media Documentation
Speeches
Tours
Training Offered to the Public (e.g., fire extinguisher use) All Departments 4Y CA - CCP 337 - (LA4Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
004 Compliance and Regulatory Reporting
Official non-financial reports issued by City organizations to comply with regulatory requirements.

AB-939 Reports
Annual Asbestos Notification
Annual Reports (e.g., Housing Element Progress to HCD)
CUPA Self-Audit Documentation
EEO-4 Reports
IRS Form 1095-C
Labor Reports
OSHA 300 Reports
Reports to Regulatory Agencies
Violence Incident Logs
All Departments 6Y CA - 2 CCR 11013(c)(1) - (4Y)
CA - 8 CCR 14300.33(a) - (CU+5Y)
CA - GOV 34090 - (2Y)
CA - LAB 6401.9 - (5Y)
US - 26 CFR 31.6001-1(e)(2) - (CU+4Y)
US - 29 CFR 405.9 - (5Y)
US - 29 CFR 1602.14 - (AC+1Y)
US - 29 CFR 1602.30 - (3Y)
US - 29 CFR 1904.33 - (CU+5Y)
005 Department Administration
General internal administrative records of City departments, including:
- General correspondence, memos, notes and emails that do not require acknowledgment and do not pertain to another category
- Documentation of department internal activities
- Routine department reports
- Information captured on a log or a list
- Special projects
- Unsuccessful applications, including those for grant funding - Bid rejections
Ad Hoc Committees and Subcommittees
Constituent Correspondence
Department Administrative Documents (budgets, budget memos, calendars, committees, goals, objectives, meeting agendas, meeting minutes, meeting tapes/recording, plans, spreadsheets)
Department Awards and/or Community Accolades
Department Generated Routine Studies / Reports
Department Project Files
Employee Communication Letters (announcements, new programs, notices)
Fuel Card Authorizations
Gifts Received by the City
Internal Committees / Employee Committees
Letters Signed by City Officials
Logs and Lists (e.g., work, scheduling, emergency contacts) Organization Charts
Photos of Department Events
Routine Correspondence
Safety Team Meeting Minutes
Unsuccessful Grant Funding Applications
All Departments While Active+2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y) CA - GOV 34090 - (2Y)

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City of San Dimas
Records Retention Schedule
006 Emergency Management
All documentation for dealing with preparation for and responses to emergencies, disasters and/or system failures for City facilities. Includes the Emergency Operations Center.

Business Continuity Plans
Business Response Plans (hazardous materials, hazardous waste, hazardous spills)
Emergency Communication
Disaster Recovery Plan
Disaster Service Worker Records
Drill Records and Employee Training
Emergency Contact Lists, Employee Lists, Roster of Workers Emergency Operation Plans
Emergency Preparedness
Evacuation Procedures
Hazard/Risk Mitigation Plans (Cal-Arp, etc.)
All Departments While Active+2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y) CA - GOV 34090 - (2Y)
007 Grants and External Funding Sources
Documents the application, evaluation, awarding, administration, monitoring, reporting, and status of grants and other funding sources in which the City is the recipient, grantor, allocator, or administrator, other than HUD grants (for HUD grants see 065). Includes:
- Community Grants
- Combined Federal, State, Local Grants
- Federal Grants
- Local Grants
- State Grants
Applications (including project proposals)
Audits
Award Notification
Funding Requests
Grant Administration
Grant Evaluations
Grant Funding
Grant Reconciliation Reports
Grant Reimbursement Documents
Monitoring Visit Letters (and related correspondence)
Payroll (certified, Davis Bacon)
Program Rules, Regulations, Procedures
Reports to Funding Agencies
Required Financial Reports (e.g., SF-425)
Semi-annual Labor Reports
All Departments While Active+7Y CA - GOV 8546.7 - (CL+3Y) CA - GOV 34090 - (2Y)
CA - Office of Emergency Services 2025/2026 Subrecipient Handbook §12015 - (AC+7Y)
US - 2 CFR 200.334 - (CL+3Y)
US - 24 CFR 570.502(a)(7)(i)(A) - (AC+4Y)
Unsuccessful applications are retained for 2 years.

NOTE: If a grant requires longer retention, its specific requirements will take precedence.
008 Legal Advice and Opinions
Official written legal advice and/or opinions prepared by the City Attorney.

Amicus Briefs
Attorney Opinions
Legal Memorandum
All Departments While Active+2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y) CA - GOV 34090 - (2Y)
009 Legislative and Advisory Body Records
Records of all action taken by City legislative and advisory bodies taken during public and closed sessions meetings, including those subject to the rules of the Brown Act. Such bodies include:
- Ad Hoc Committees
- City Council
- Development Plan Review Board
- Equestrian Commission
- Golf Course Advisory Committee
- Parks and Recreation Commission
- Planning Commission
- Public Safety Commission
- San Dimas Housing Authority
- San Dimas Public Facilities Financing Authority
- Senior Citizens Commission
- Successor Agency to the SDRA
- Traffic Safety and Traffic Improvements Committee
Agendas
Annual Reports
Bylaws
City Codes
City-wide Plans/Programs Adopted
Formation Documents
Meeting Minutes
Minute Books & Index
Minute Resolutions
Municipal Code and Code Supplements
Notices of Cancellation/Adjournment
Oaths of Office
Ordinances
Resolutions
All Departments Permanent CA - GOV 34090(e) - (PR)

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010 Legislative Records - Audio/Video Records
Audio and Video Recordings of City legislative bodies subject to the Brown Act, including:
- Ad Hoc Committees
- City Council
- Development Plan Review Board
- Equestrian Commission
- Golf Course Advisory Committee
- Parks and Recreation Commission
- Planning Commission
- Public Safety Commission
- Senior Citizens Commission
- Traffic Safety Committee
Audio and Video Recordings All Departments 1Y CA - GOV 54953.5(b) - (30D) 011 Personnel Records - Volunteers and Unpaid Interns
All documents related to unpaid volunteers and interns including but not limited to:
- recruitment
- selection
- assignments
- separation / discharge / resignation
Applications (selected, rejected)
Awards, Commendations, Certificates
Evaluations
Recognition
Volunteer Acknowledgements, Waivers, Executed Policy Receipts All Departments While Active+2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y) CA - GOV 34090 - (2Y)
012 Policies and Procedures
All administrative documentation of City policies and procedures.

Acronyms
Administrative Policies
Administrative Regulations
Directives (including City Manager memos)
General Orders
Guidelines
Handbooks
Policies
Procedure Manuals
Procedures
Program / Initiative Plans
Standards
All Departments While Active+4Y CA - CCP 337 - (LA4Y)
CA - GOV 34090 - (2Y)
013 Procurement - RFP, RFQ, RFI, Bids Not Awarded
Records and information received in response to the City's requisitioning of goods services, or real property, but where the purchase order, contract, or agreement was not awarded.

Bids (unaccepted, rejected)
Contest Letters
Exhibits
Price Lists
Quotations
Requisitions
Scorecards
Specifications
Unsuccessful Invitation for Bids (IFB)
Unsuccessful Requests for Information (RFI)
Unsuccessful Requests for Proposal (RFP)
Unsuccessful Requests for Quote (RFQ)
All Departments While Active+2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y) CA - GOV 34090 - (2Y)

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014 Public Notices
Records documenting compliance with laws requiring public notice of government activities, excluding agendas and legislative body-related documents. Subjects may include assessments, elections, land use changes, public meetings and hearings, sale of property, and others.

Affidavits of Mailing
Affidavits of Posting
Affidavits of Publication/Legal Notices
Escheatment Notices/Unclaimed Money, Financial Transactions Maddy Act Lists and Notices
Mailing Lists
Public Hearing Notices
Public Meeting Notices
Publication Documents
Reports
Vacancy Notices
All Departments While Active+2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y) CA - GOV 34090 - (2Y)
015 Service Requests, Issues, and Complaints
Documentation regarding complaints and requests for service received by City departments.

Complaints and Inquiries and Related Correspondence
Follow-up Investigations
Issues Log
Trouble Reports
Work Orders
All Departments 2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
016 Strategic, Budget and Financial Planning
Records and information relating to strategic and financial planning and to City budgets.

Budget Planning Documents
Budget Presentations
Business Plans
Consolidated Action Plans
Financial Plans
Five-Year Capital Improvement Plans
Forecasts
Minimum Wage Rate Bulletins
Municipal Fee Schedules
Program / Initiative Plans
Revenue/Expenditure Reports
Strategic Plans
Ten-year Forecasts
All Departments 2Y CA - GOV 34090 - (2Y)
017 Election Records - Administrative Files
Documentation of the administration of City elections as well as the submission and processing of initiatives, referenda, recalls, or ballot measures, excluding petitions.

Ballot Measure (arguments for/against, full text, rebuttals, impartial analyses)
Calendar of Appointments
Certificates of Election
Certified Election Results
City Attorney Opinion
Election Bulletins
Election Notices
Election Results
Research Notes
City Clerk 4Y CA - GOV 34090 - (2Y)
CA - GOV 81009(f) - (4Y)
018 Election Records - Candidates Not Elected
Campaign statements and election documentation for candidates who are not elected.

Campaign Disclosures
Campaign Statements
Nomination Papers
City Clerk 5Y CA - ELEC 17100(a) - (4Y)
CA - GOV 81009(b) - (5Y)
CA - GOV 84616(b) - (4Y)
019 Election Records - Officeholders and Candidates Elected Campaign statements and election documentation for candidates who are elected or appointed to City offices and officeholders.

Campaign Disclosures
Campaign Statements
Nomination Papers
City Clerk Permanent CA - ELEC 17100(a) - (Term of Office+4Y) CA - GOV 81009(b) - (PR)

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Records Retention Schedule
020 FPPC Forms - Mandated Reporting
Forms mandated by state law related to related to conflict of interest, receipt and redistribution of gifts and honoraria, ceremonial roles, and holding of multiple positions for certain employees, elected or appointed officials, or consultants.

Form 700
Form 801
Form 802
Form 803
Form 804
Form 805
Form 806
City Clerk 7Y CA - GOV 81009(e) - (7Y)
021 Historical Documents, Events, and Collections
Records and information documenting the history and significant milestones of the City.

Awards to the City
Biographies of City Officials
Census Information
City Seal and Logo
City Incorporation
City Publications
City-Owned Property Records
Elections (historic, significant)
Executive, City Official Communications, Speeches, Videos Historic Districts
Historical Events, Artifacts, Architecture, Designations, Projects History of Elected Officials
Memorial Programs
Photo Collections
Significant News Clippings, Releases
City Clerk Permanent* CA - GOV 34090 - (2Y)
*Note: Only those records determined to have significant and ongoing long-term usefulness and value to the City will be designated as historical or archival.
022 Public Information Requests
Records requested by the public, required for provision to the public, and related inquiries.

Collection Lists
Formal Public Records Requests
Inquiries
Local Appointments List (Maddy Act)
Subpoenas duces tecum
Subpoenas for Records (other than for City legal actions) City Clerk While Active+2Y CA - GOV 34090 - (2Y)
023 Recorded Documents
Records and information pertaining to those original key documents recorded by the County on behalf of the City.

Abandonments
Address Records
Annexations
Certificate of Correction
Conveyances from the City (deeds, easements,
abandonments/vacations)
Conveyances to the City (deeds, easements, dedications) Deeds
Detachments
Easements (emergency vehicle access easement, sidewalk
easement, street light electric easement, underground electric easement, water utility easement)
Grant Deeds
Irrevocable Offers to Dedicate
Liens
Rights-of-Way
Vacations
City Clerk Permanent CA - CCP 337.15 - (LA10Y)
CA - GOV 34090(a) - (PR)

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Records Retention Schedule
024 Records, Information Management
Documentation of the compliance with Records and Information Management policy and procedures.

Certificates of Destruction
Inactive Records Storage Information
Lists of Stored / Destroyed Records
Records Transfers (to storage, to other depts.)
City Clerk 10Y CA - CCP 315 - (LA10Y)
CA - CCP 337 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
025 Settlement Agreements
Records and information regarding the final settlement in an action between the City and another party.

Agreement
Court Rulings/Decisions
City Clerk Permanent CA - GOV 945.6(a)(2) - (LA6M; LA2Y) CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
026 Administrative Citation Appeals Records
Records and information resulting from oversight of appeals to administrative citations, regardless of which City department or other local agency originally issued the appeal.

Appeal Forms
Department Responses
Evidence
Final Decision Statements
Hearings
Supporting Documents
City Clerk
Community Development
Current Year+2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
CA - PEN 802(a) - (LA1Y)
027 Code Compliance and Enforcement
Records and information documenting compliance with City codes, including such issues as:
- Abandoned shopping carts
- Graffiti
- Home occupations
- Illegal dumping
- Prohibited signage
- Property maintenance
- Vacant/abandoned buildings
- Vehicle related, e.g., abandoned, parking
- Weed abatement
- Yard/garage sales
Administrative Citations
Administrative Enforcement Orders
Administrative Hearings
Audio Recordings of Hearings
Case Files
Certificates of Nuisance and Abatement
Citations (and related documents)
Code Files
Compliance with Conditions of Approval
Customer Services Requests (CRMs)
Determination Letters
Inspections / Enforcement (business, residential)
Investigations
Liens and Releases
Notices of Noncompliance
Notices of Violation
Parking Citations
Photographs
Related Correspondence
Violations
City Clerk
Community Development
Closed+2Y CA - CCP 329 - (LA2Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
CA - PEN 802(a) - (1Y)
NOTE: Records for repeat offenders may be retained longer to document a history of violations
028 Audits - Internal, External and Administration
Records and information related to both internal and external audits of City activities and administration of auditing activities, including reviewing and documenting operational, compliance, or financial information created as a part of an audit.

Annual Audit Reports
Audit Files, Plans
Audit Schedules
Audit Workpapers
Auditors Reports
General Purpose Financial Audits, Single Audits
Management Responses
Responses
City Clerk
Community Development
Finance
6Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
US - 26 CFR 31.6001-1(e)(2) - (CU+4Y)
US - 26 USC 6531 - (LA6Y)

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Records Retention Schedule
029 Appointments to Boards and Commissions
Staff records related to appointments and membership made by authorized elected officials to councils, committees, boards, and commissions.

Applications (appointed, unsuccessful)
Interview Notes
Letters of Appointment
Letters of Non-Appointment
Letters of Recommendation
Oaths of Office
Resumes
City Clerk
Community Development
Parks & Recreation
Term of Office+2Y CA - GOV 34090 - (2Y)
030 Legislative Administrative Records
Administrative documents associated with meetings and activities of the City's legislative bodies, as well as documentation of non-legislative commissions, committees and task forces.

Activity Reports
Agenda Packets
Annual Administrative Reports
Appeals to Council
Attachments to Staff Reports
Ceremonial Requests
Commendations
Conference Documentation
Contact Lists
General Correspondence
Memos to Council
Presentations
Proclamations
Public Comments
Resignation Letters
Rosters
Staff Reports
Trainings Certificates
City Clerk
Community Development
Parks & Recreation
2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
031 Insurance Claims by the City
Records detailing claims lodged by the City for damages to City property.

Accident/Incident Reports
Actuarial Reports
Annual Audit of Open Claims
Appraisals
Claims By the City
Closing Letters
Damage Estimate Reports
Supporting Documentation
Insurance Claims, Appraisals, Reports, Settlements
Investigations
City Clerk
Finance
Final Resolution+4Y CA - CCP 337 - (LA4Y)
CA - CCP 338.1 - (LA4Y)
CA - GOV 34090 - (2Y)

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Records Retention Schedule
032 Real Estate Financial Transactions
Records and information related to the ownership, acquisition, disposition, transfer of, lease of, infrastructure and facilities including grant deeds, owned by or used by the City.

Acquisitions
Appraisals
Attachments
Buildings
Capital Improvements
Community Development Block Grant (CDBG) Property
Deeds of Trust
Development Agreements
Dispositions
Easements
Land
Loan Agreements
Mortgages
Possessory Interest
Promissory Notes
Regulatory Agreement
Right of Way
Sales
Subdivision Improvement Agreements (SIAs)
Title Reports
Valuation Information
City Clerk
Community Development
(Housing)
Finance
Permanent CA - CCP 315 - (LA10Y)
CA - CCP 337 - (LA4Y)
CA - CCP 337.1 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090(a) - (PR)
US - 2 CFR 200.334 - (CL+3Y)
US - 24 CFR 570.502(a)(7)(i)(A) - (CL+4Y)
US - 48 CFR 4.705-3(h) - (4Y)
033 Economic Development Programs and Services
Records and information documenting the City's economic development programs and redevelopment successor programs including marketing, events and customer relationships management.

Business Recruitment Programs
Economic Development Strategy
Outreach
Workforce Statistics and Data
City Manager While Active+4Y CA - CCP 337 - (LA4)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
US - 2 CFR 200.334 - (CL+3Y)
US - 24 CFR 570.502(a)(7)(i)(A) - (CL+4Y)
034 Risk Management - Insurance Coverage
Records detailing the City's general coverage against property damage and liability, including renewal submission information, insurance quotes, broker correspondence, and oversight of third party administrators.

Binding Information
Broker Correspondence
California Joint Powers Insurance Authority (CJPIA)
Certificates of Insurance
Completed Applications
Excess Insurance Authority (EIA)
Flood Insurance
Insurance Policies
Insurance Quotes
Insurance Submissions
Liability Insurance
Renewal Strategy
City Manager While Active+4Y CA - 22 CCR 3267-2 - (MAINT) CA - CCP 337 - (LA4Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
035 Real Estate Acquisition and Management
Records and information pertaining to the oversight and administration of acquiring and maintaining City real estate assets.

Appraisal Reports
Deeds
Related Correspondence
Title Insurance
City Manager
Finance
While Active+10Y CA - CCP 315 - (LA10Y)
CA - CCP 337 - (4Y)
CA - CCP 337.1 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
US - 2 CFR 200.334 - (CL+3Y)
US - 24 CFR 570.502(a)(7)(i)(A) - (AC+4Y)
US - 48 CFR 4.705-1 - (4Y)

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036 Building Plans, Building Permits, Appeals and Decisions Records and information documenting the building or fire services provided by the City regulating private property.

Alternate Materials and Methods of Construction
Appeals
Authorization Letters
Building Inspections
Building Permits (issued, active, history)
Building Plans - Commercial & Residential
Certificates (compliance, elevation, occupancy)
Compaction and Soil Reports
Construction Signs
Correction Notices
Design and Construction Standards
Developer Fee's and Waivers
Energy Calculations
Environmental Impact Reports (EIRs)
Modifications and Related Tests
Plans
Related Correspondence
Supplemental and Supporting Documents
Structural Calculations
Temporary Certificate of Occupancy
Community Development Permanent CA - CBC 107.5 - (Completion+180D) CA - CRC R106.5 - (Completion+180D)
CA - CCP 337.1 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
CA - HSC 19850 - (LI)*
* Life of Building
037 Building Plans, Building Permits, Planning Projects - Cancelled, Denied or Abandoned
Records of building plans, building permits, and planning projects, with associated documents, where the permit was never issued or the project was abandoned, cancelled, or denied.

Applications (and related correspondence)
Authorization Letters
Drawings
Energy Calculations
Owner Authorization Letters
Permit Cancellation Form
Plans
Proof of Ownership/Escrow Documents
Refund Supporting Documents
Related Correspondence
Supplemental and Supporting Documents
Structural Calculations
Community Development Current Year+2Y CA - CBC 105.5.1 - (1Y) CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
038 Housing Project Files
Records and information associated with grant and loan funding for housing and home improvements, and other related housing project activities, including:
- HUD and other grant projects (CDBG, CalHOME, MORE, PLHA) - Neighborhood Conservation and Improvement Program (NCIP) grants and loans - Below Market Purchase (BMP) Program
- First-Time Homebuyer (FTHB) Program
- Rental assistance
- City-owned mobile home park
- Homelessness assistance
Applications
Awards
Bid Packets
Correspondence
Grant Documentation
Loan Documentation
Monitoring Files
Notices
Project Files
Reconveyances
Community Development Closed*+5Y CA - 25 CCR 7721(a)(5) - (MAINT) CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
US - 2 CFR 200.334 - (CL+3Y)
US - 24 CFR 5.514 - (5Y)
US - 24 CFR 92.508(c) - (AC+5Y)
US - 24 CFR 570.502(a)(7)(i)(A) - (AC+4Y)
US - 24 CFR 908.101 - (AC+3Y)
* Closes when grant closes out or when loan is fully paid

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039 Planning and Zoning Services
Records and information pertaining to the activities of the planning division, including zoning.

Boundaries
CEQA Documents
Design Review
Development Plans
General Plans
Home Occupancy Permits
Land Use Studies
Master Plans and Specific Plans
Permit Application Files (annexations, appeals, development applications and permits, entitlements, land use permits, planned development, variances, zoning, rezoning, map amendments) Planning Review Case Files (notices, neighbor letters, plans) Related Correspondence
Supplemental and Supporting Documents
Community Development Permanent CA - CCP 337.1 - (LA4Y) CA - CCP 337.15 - (LA10Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 12981 - (1Y)
CA - GOV 34090 - (2Y)
CA - HSC 19850 - (LI)
040 Short-Term Permits Issued
Documentation of permits issued by the City for the short-term purposes and activities within the City limits.
- Fire code permits (e.g., assembly, candles, fireworks, fire hydrant use, open flames) - Garage sales
- Party tents
- Sewer discharge permits
- Special events
- Temporary barricades
- Temporary event permits (Xmas tree lots, pumpkin patches) - Temporary signs
- Temporary use permits
- Transportation permits (traffic control, wide load, etc.) - Tree Removals
Applications
Backup Documentation
Fingerprints
Pictures
Plans
Related Correspondence
Renewals
Community Development
Finance
Parks & Recreation
Public Works
While Active+4Y CA - CCP 337 - (4Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
041 Hazardous Materials & Hazardous Waste - Monitoring and Remediation Planning, monitoring and contingency/emergency action plans for hazardous materials, hazardous waste, emergency and spill response, natural and exposure emergencies, notifications and response; environmental action plans and supporting documentation; hazardous communications plans, including labeling, MSDS controls, training programs and procedures.

Correspondence with Regulatory Agencies
Emergency Response Programs
Employee Hazardous Chemical Exposure
Hazardous Material Incident Reports
Hazardous Substances Manifests
Hazardous Waste
Material Safety Data Sheets (MSDS)
Proposition 65 Monitoring
Site Mitigation
Toxic Substance Inventory
Community Development
Human Resources
Parks & Recreation
Public Works
While Active+30Y CA - 8 CCR 3204(d) - (CL+30Y)
CA - 22 CCR 66262.40 - (3Y)
CA - 22 CCR 66263.22 - (3Y)
CA - CCP 338.1 - (LA5Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
CA - HSC 25160.8(c)(3)(D) - (AC+3Y)
US - 29 CFR 1910.1020 - (CL+30Y)

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042 Technical Documents & Standards, Real Property Maps and Record Drawings Final standards, technical requirements, maps, record drawings and geographical information pertaining to City infrastructure.

Aerial Photos
Assessor Parcel Maps
Annexations
Benchmarks
Block Books
Building Site Determination
Center Line Ties
Construction Drawings
Drainage
Flood Hazard Boundary Maps (FHBMs)
Geographic Information System (GIS)
Improvement Plans, Drawings
Lot Line Adjustments
Lot Numbers
Parcel Maps
Parcel Mergers
Parcels, Plats
Record of Survey Maps
Rights of Way
Site Maps
Sphere of Influence
Street Address Files
Subdivisions
Technical Documents and Standards
Tentative Maps
Tract Maps
Utility Maps
Community Development
Public Works
Permanent CA - CCP 337.15 - (LA10Y)
CA - GOV 34090(a) - (PR)
CA - HSC 19850 - (LI)*
US - 44 CFR 60.3(b)(5) - (MAINT)
* Life of Building, Asset or Facility
043 Accounts Payable and Receivable
Records and information related to the accounting of monies paid or received by the City, as well as the Mendota Community Corporation (MCC), including payment for financial obligations.

Aging Reports
AR Memos
Bankruptcy Notices
Business License Files, including Fees
Cash Management Records (cash disbursement, cash register receipts, cash receipts, petty cash)
Collections and Bad Debt
Credit Memos
Donations (monetary, in-kind)
Expense Reports, Reimbursements for Employees and Officials (including mileage and travel)
FEMA/DHS Reimbursements
Form 1099 and Form W-9 Records
Fund Transfers (inter-departmental memos, etc.)
Invoices and Vouchers
Payables
Purchasing Card Expense Reconciliation/Allocations
Receivables (including deposit forms)
Reconciliations
Refunds
Sales and Use Taxes Paid
Surplus Property Auction Revenue
Tax Payments and Revenue (e.g., transient occupancy taxes, gas taxes, property taxes, utility user taxes)
Warrant Register
Finance 6Y CA - CCP 337 - (LA4Y)
CA - CCP 338 - (LA3Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
US - 2 CFR 200.334 - (CL+3Y)
US - 26 CFR 31.6001-1(e)(2) - (CU+4Y)
US - 26 USC 6531 - (LA6Y)
US - 48 CFR 4.705-1 - (4Y; 2Y)

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Records Retention Schedule
044 Bank Account Information
Records and information related to banking authorities, activities, transactions and correspondence.

Bank Account Administration
Bank Statements
Checks, Canceled
Check Registers, Journals
Corrections / Returns / Adjustments
Credit Card Merchant Activity Statements
Deposit Permits, Deposits
Reconciliations
Signature Cards
Finance 5Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
US - 26 CFR 31.6001-1(e)(2) - (CU+4Y)
US - 48 CFR 4.705-1 - (4Y)
045 Debt Management
Records and information relating to City debt issuances of all types and for all departments.

Arbitrage Reports
Bond Issuance and Payments
California Debt and Investment Advisory Commission (CDIAC) Filings (and related documents)
CDIAC Annual Debt Transparency Reports (ADTR)
Continuing Disclosure Documents (including supplemental information and no-default certificates)
Cost of Issuance Documents (including copies of agreements and invoices)
Credit Rating Agency Rating Reports
Debt Management Policy
Financing Analyses
Monthly Fiscal Agent Statements
Transcripts of Debt Issuances by Each Series
Finance Maturity*+10Y CA - CCP 336a - (LA6Y)
CA - CCP 337.5 - (LA10Y)
CA - CCP 338 - (LA3Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
*Maturity includes cancellation and redemption
046 Financial Reporting - Internal
Annual and periodic financial reports, whether required by regulations or generated to track financial transactions and achievements by the City.

Cashier's Report
Debt Report
Deferred Compensation Reports
FHRMS Report
Monthly Financial Reports
Monthly Investment Reports
Revenue/Expenditures Reports
Utility Billing Reports
Finance 6Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
US - 26 CFR 1.1461-2 - (CU+1Y)
US - 26 USC 6531 - (LA6Y)
047 Financial Reporting - Official
Official financial reports of the City.

AB1600 Report
AB2854 Sales Tax Sharing Report
Annual Report of Financial Transactions To State
Audited Financial Statements
CalPERS Reports and Retirement Plans
COVID-related FEMA Projects
Equitable Sharing Agreement and Certification to DOJ
PFFC Tax Return
Possessory Interest Report
Quarterly SLFEF Compliance Report to Depart of the Treasury Underground Tank Report
Finance 6Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
US - 26 CFR 1.1461-2 - (CU+1Y)
US - 26 USC 6531 - (LA6Y)

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048 Fixed Assets
Fixed asset records and information related to the ownership, transfer, acquisition, disposition, or improvement of fixed assets (including machinery and equipment, infrastructure, and vehicles) owned by or used by the City.

Acquisitions
Amortization
Asset Retirement Records
Asset Tags
Capital Asset Records
Capital Improvements
Depreciation Schedules
Dispositions
Fixed Asset Ledger
Fixed Asset Reports
Fixed/Capital Asset Accounting
Transfers
Finance Life*+10Y CA - CCP 337.15 - (LA10Y)
CA - GOV 34090 - (2Y)
US - 26 USC 6531 - (LA6Y)
US - 48 CFR 4.705-3(h) - (4Y)
* Life of Asset
049 Funding Districts
Records and information documenting the formation and operations of the City's funding districts:
- Lighting district
- Landscape parcel tax district
- Northwoods district
Continuing Disclosures
Debt Reporting
District Formation Documents
Finance Permanent CA - CCP 337.1 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - GOV 34090(a) - (PR)
CA - GOV 60201 - (PR)
050 General Ledger, Journal Entries, Budget Adjustments Records and information related to the transfer of charges between accounts and summaries of account information, including year end summaries of general ledger transactions.

Account Ledgers
Balance Sheets
Budget Adjustments
Cash Journal Entries
Chart of Accounts
Deposit Cards
Downloads / Data Exports
Expenditure Reports
General Ledger
Journal Entries, Journal Vouchers, and Backup Documentation Revenue
Sub-Ledgers
Summary Reports
Trial Balance
Year-End / Account Detail History Report
Finance 6Y CA - GOV 34090 - (2Y)
US - 26 CFR 31.6001-1(e)(2) - (CU+4Y)
US - 26 USC 6531 - (LA6Y)
051 Investments and Treasury
Records and information relating to City investment activities.

Certificates of Deposit (CDs)
Corporate Bond Documents
Money Market Investment Statements
Financial Investment Planning
Government Sponsored Enterprise Bond Documents
Investment Reporting and Portfolio Management
Investment Reports (monthly, etc.)
Joint Powers Authority (JPA) Pool Investment Fund Statements Local Agency Investment Fund (LAIF) Statements
Quarterly Investment Committee Reports
Security Instruments
Third Party Trustee Account Statements
Trade Tickets/Confirmations
Treasury Bills
Finance Maturity*+5Y CA - CCP 336 - (LA5Y)
CA - CCP 337 - (LA4Y)
CA - CCP 338 - (LA3Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
* Maturity includes cancellation and redemption

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Records Retention Schedule
052 Payroll
Records and information related to the accounting of payroll earnings, deductions, and issuance. This also includes records and information reflecting all earnings and benefits paid to each employee, including:
- Name, address, SSN
- Total amount and date of payments
- Period of service covered for each
- Withholding
- Tax collected
- Administrative support for use of electronic timekeeping system Adjustments (including requests, request forms, queries and supporting documents)
Checks (off-cycle, stale dated)
Computer Loan Enrollment Records
Garnishments
Overtime Authorizations
Payroll and Timekeeping Memos (including related action items) Payroll Registers
PERS Reporting
Processing Reports, Reports to Government
Reconciliations (general ledger (GL), military pay)
Retroactive Payments/Deductions (HR authorizations and
calculation)
Salary Schedules (including calculations)
Separation Records (lists, payoffs)
Timekeeping Records (timecards, as-needed employee timesheets, extra help requests, DOT timesheets, prior period adjustments, FLSA report, payroll reclass forms)
Year-end Annual Tax Forms, State and Federal (W-2, electronic W2, State forms) Finance 6Y CA - 2 CCR 570.5(a)(7) - (5Y)
CA - 2 CCR 571(b)(1)(E) - (5Y)
CA - 8 CCR 11040(7)(c) - (3Y)
CA - 22 CCR 1085-2(c) - (4Y)
CA - GOV 12946 - (4Y)
CA - GOV 34090 - (2Y)
CA - LAB 226a - (3Y)
CA - LAB 1174(d) - (3Y)
CA - LAB 1197.5(e) - (3Y)
CA - UIC 1132 - (LA3Y)
US - 20 CFR 655.760 - (3Y)
US - 26 CFR 31.6001-1(e)(2) - (5Y)
US - 26 USC 6531 - (LA6Y)
US - 29 CFR 516.5 - (3Y)
US - 29 CFR 516.6 - (2Y)
US - 29 CFR 1620.32 - (2Y)
US - 29 CFR 1627.3(a) - (3Y)
US - 29 USC 436 - (5Y)
US - 48 CFR 4.705-2 - (4Y; 2Y)
053 Redevelopment/Successor Agency Official Reports
Official reports issued by the former San Dimas Redevelopment Agency or the Successor agency to the San Dima Redevelopment Agency.

Annual Report to State
Due Diligence Reviews
Enforceable Obligation Payment Schedule (EOPS)
Excess Bond Proceeds
Prior Period Adjustment Records
Recognized Obligation Payment Schedule (ROPS)
State Controllers Report
State Department of Finance Determination Letter
Statement of Indebtedness
Successor Agency Property Management Plans
Finance While Active+4Y CA - GOV 34090 - (2Y)
CA - HSC 34177(n) - (1Y)
US - 24 CFR 570.502 - (CL+4Y)
054 Unclaimed Funds
Records and information pertaining to unclaimed or outstanding checks not cashed by recipient.

Notice of Unclaimed Checks & Publication Records
Uncashed Checks
Unclaimed Funds
Finance 3Y CA - CCP 1519 - (3Y)
CA - GOV 34090 - (2Y)
055 Benefit Plans and Programs
Benefit Plans established to provide employee benefits and associated administrative documents.

COBRA Rates, Records, Histories
Employee Benefit Plans (e.g. medical, dental, vision, EAP, etc.) Group Insurance Cost Data
Premium Information
Retirement Plans
Summary Plan Descriptions
Human Resources Life*+6Y CA - CCP 337 - (LA4Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
US - 29 CFR 1627.3(b)(2) - (AC+1Y)
US - 29 CFR 4007.10(a)(1) - (6Y)
US - 29 CFR 4041.5 - (LI*+6Y)
US - 29 USC 1027 - (6Y)
US - 29 USC 1059 - (T+1Y)
US - 29 USC 1113 - (LA6Y)
US - 29 USC 1451 - (LA6Y)
*Life of Plan or Benefit

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City of San Dimas
Records Retention Schedule
056 Employee Benefit Files
Employee election (selection), enrollment or termination forms and related correspondence, including transmissions to carriers of additions, changes, claims and deletions (includes employee medical records subject to HIPAA requirements).

Benefits Files, Enrollments, Appeals
Beneficiary Designations
Benefit Requests
Death Claims, Life Event Documents
Disability Accommodations
Disability Claims
Employment Status Changes (authorizations, terminations, confirmations, status changes, coverage changes)
Flexible Spending Enrollment
FMLA
Leave Records
Life Insurance Notification Letters/EOI
Required Benefits Reporting
Retiree Medical Benefit Claims and Reimbursements
Supplemental Forms
Unemployment Claims and Appeals
Human Resources Separation+4Y CA - 2 CCR 11013(c) - (AC+4Y) CA - 22 CCR 1085-2 - (CU+4Y)
CA - GOV 12946 - (AC+4Y)
CA - GOV 34090 - (2Y)
US - 26 CFR 301.6501(a)-1 - (CU+3Y)
US - 29 CFR 516.6 - (2Y)
US - 29 CFR 1602.30 - (3Y)
US - 29 CFR 1602.31 - (AC+2Y)
US - 29 USC 1059 - (T+1Y)
057 Employee Hazardous Exposure and Medical Records
Documents pertaining to medical and hazardous exposure records of City staff, City officials, and others performing work on behalf of the City.

NOTE: May include employee medical information subject to HIPAA requirements.

ADA Compliance and Reasonable Accommodation
Drug Testing
Exposure Files
Exposure Monitoring
Field Exposure
Fitness for Duty
Medical Leaves of Absence
Medical Records
Pre-employment Medical Exams
Vaccination Records
Human Resources Separation+30Y CA - 8 CCR 3204(d) - (T+30Y) CA - CCP 338.1 - (LA5Y)
CA - GOV 12946 - (4Y; T+4Y)
CA - GOV 34090 - (2Y)
CA - 29 CFR 1904.33 - (CU+5Y)
US - 29 CFR 1910.95(m)(3)(ii) - (T)
US - 29 CFR 1910.1020(d) - (T+30Y)
058 Employee Training
All documents related to general and specialized technical education and training taken by officials, paid employees and unpaid volunteers, beyond what is required for position. May include, but is not limited to:
- Compliance
- Ethics
- FEMA/SEMS/CSTI
- Fire Extinguisher
- First Aid/CPR
- Specialized Equipment
- Workplace Harassment Prevention
- Workplace Violence Prevention
Certification Records
Compliance Training
Individual Education, Development
Human Resources Separation+5Y CA - 8 CCR 3203(b)(2) - (1Y) CA - GOV 34090 - (2Y)
CA - GOV 53235.2(b) - (5Y)
CA - GOV 53237.2(b) - (5Y)
CA - HSC 25505(a)(4) - (3Y)
CA - LAB 6401.9(f)(2) - (1Y)
US - 29 CFR 1602.14 - (AC+1Y)
US - 29 CFR 1602.31 - (2Y)
059 Employee Training Materials, Courses, Scheduling
Documentation regarding the content of courses and schedules for training offered to employees, officials and volunteers.

Attendance Lists
Presentation Materials
PowerPoint Slide Decks
Rosters
Sign-in Sheets
Testing/Qualifications
Training Bulletins
Human Resources 5Y CA - 8 CCR 3203(b)(2) - (AC+1)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 12946 - (4Y)
CA - GOV 34090 - (2Y)
CA - GOV 53235.2(b) - (5Y)
CA - GOV 53237.2(b) - (5Y)
CA - LAB 6401.9(f)(2) - (1Y)
US - 29 CFR 1602.14 - (1Y)

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City of San Dimas
Records Retention Schedule
060 Labor Relations Grievances
Documentation related to labor grievances filed under current collective bargaining agreements.

Grievance Files/Commission Hearing
Grievance/Hearing Logs
Union Grievances
Human Resources Final Resolution+4Y CA - CCP 337 - (LA4Y) CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 12946 - (4Y)
CA - GOV 12960 - (LA3Y)
CA - GOV 12965 - (LA2Y)
CA - GOV 34090 - (2Y)
US - 29 CFR 1602.31 - (CL+2Y)
US - 29 USC 255 - (LA2Y)
061 Labor Relations Negotiations
Documentation related to the negotiations between labor unions for collective bargaining purposes.

Confidential Memos
Costing
Ground Rules
Handouts
Information Requests
Miscellaneous Information
Notes
Proposals - City
Proposals - Union
Human Resources While Active+4Y CA - CCP 337 - (LA4Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 12946 - (4Y)
US - 29 CFR 516.5(b) - (3Y)
062 Personnel Records - Employees and Officials
All documents related to paid employees (full and part-time)and officials including but not limited to:
- selection/hiring
- assignments
- promotion
- demotion
- transfer
- layoff / recall / out-placement
- separation / discharge / resignation
- pay rates / other terms of compensation
Applications
Awards, Commendations, Certificates
DMV Records (pull notices)
Deduction Authorizations, Registers, and Reports
Deferred Compensation Reports
Direct Deposit Documentation (authorization forms, ESS direct deposit verifications)
Employee Driver Qualification Files
Employee Policy Acknowledgements
Individual Education, Development, Training Records
Job Offer Letters, Conditional Offers of Employment
LiveScan Records (hired staff)
New Hire Checklist
Oaths of Office
Payroll Taxes and Withholding Forms (DE-4, W-4)
Performance Evaluations, Reviews or PIPs
Personnel Action Forms (PAF)
Recognition
Human Resources Separation+4Y CA - 2 CCR 11013(c) - (AC+4Y) CA - GOV 12946 - (T+4Y)
CA - GOV 34090 - (2Y)
CA - LAB 1198.5(c)(1) - (T+3Y)
CA - LAB 2810.8(b)(4) - (3Y)
CA - VEH 1808.1(c) - (1Y)
US - 29 CFR 825.500(b) - (3Y)
US - 29 CFR 1602.14 - (AC+1Y)
US - 29 CFR 1602.31 - (AC+2Y)
US - 41 CFR 60-1.12(a) - (AC+2Y)
US - 41 CFR 60-741.80 - (AC+1Y)

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City of San Dimas
Records Retention Schedule
063 Recruitment
Records and information related to recruitment of qualified persons for paid positions with the City, whether full time or temporary, including:
- Applications and related records of candidates interviewed but not hired or accepted - Applications received but not acted upon
Applications, CVs, Resumes (rejected, unsolicited)
Applicant Tracking Records (hired, rejected)
Drug Testing, Pre-Hire Screening - candidates not hired/accepted Eligible Lists
Job Postings, Announcements
Job Requisition Requests
Job Specifications
LiveScan Records (unsuccessful candidates)
Miscellaneous Hiring Process Notes
Personal History Statement (PHS)
Position Information
Offers - Conditional and Formal
Rating Sheets
Temporary Staffing
Test Results
Test and Examination Materials
Human Resources 4Y CA - 2 CCR 11013(c)(2) - (4Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 12946 - (4Y)
CA - GOV 34090 - (2Y)
US - 29 CFR 1602.31 - (2Y)
US - 29 CFR 1627.3(b)(1) - (1Y)
US - 41 CFR 60-741.44(f)(4) - (3Y)
US - 41 CFR 60-741.44(k) - (3Y)
064 Salary, Compensation
Documentation of job classification compensation.

Classification Studies
Compensation Plans, Planning, Analysis
Cost of Living Adjustments
Job Descriptions
Salary Range History
Salary Surveys
Human Resources 5Y CA - 2 CCR 570.5(a)(7) - (5Y)
CA - 2 CCR 571(b)(1)(E) - (5Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
US - 29 CFR 516.6 - (2Y)
US - 29 CFR 1602.14 - (AC+1Y)
US - 29 CFR 1602.31 - (2Y)
065 Work Authorizations and Supporting Documentation
Employment eligibility verification forms collected for active employees and supporting documentation regarding immigration status.

I-9 Documents Human Resources Termination+3Y CA - GOV 34090 - (2Y) US - 20 CFR 655.760 Subpart H - (T+1Y)
US - 8 CFR 274a.2 - (3Y or T+1Y, whichever is longer)
066 Worker Compensation Records
Documents pertaining to work-related injuries and related claims for workers' compensation.

NOTE: May include employee medical information subject to HIPAA requirements.

Claims and Incident Files
Workers Compensation
Human Resources While Active+6Y CA - 8 CCR 10102 - (Injury+5Y or Closed+1Y) CA - 8 CCR 14300.33 - (5Y)
CA - CCP 338.1 - (LA5Y)
CA - GOV 12946 - (4Y; T+4Y)
CA - GOV 34090 - (2Y)
CA - 29 CFR 1904.33 - (CU+5Y)

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City of San Dimas
Records Retention Schedule
067 Employee Health & Safety
Documents related to the protection of employee health and safety and employee drug screening.

NOTE: May include employee medical information subject to HIPAA requirements.

Accident (Injury or Illness) Investigation Reports
Bloodborne Pathogen/Exposure Control Plan
Covid Contact Tracing
Emergency Action Plans
Employee Safety Training Records
Ergonomic Evaluations
Health and Safety Bulletins
Health & Safety Reviews
Lockout/Tagout (LOTO)
New Hire Health & Safety Orientation Checklist Forms
Public Access Defibrillation
Reports (Unsafe Conditions, Hazards, Hazard Correction, Workplace Violence)
Safety Committee (employee suggestions and responses, safety letters/memos, meeting minutes)
Safety Inspections
Human Resources 6Y CA - 8 CCR 3203(b)(1) - (1Y)
CA - 8 CCR 5157 - (1Y)
CA - CCP 337 - (LA4Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
CA - LAB 6409.6(f) - (5Y)
US - 29 CFR 1602.14 - (AC+1Y)
US - 29 CFR 1602.31 - (AC+2Y)
US - 29 CFR 1904.33 - (CU+5Y)
US - 29 CFR 1910.95(m)(3)(i) - (2Y)
US - 49 CFR 382.401(b)(1) - (5Y)
068 Computing Application, System Maintenance
Technical documentation related to management of City technology processes, applications, or systems.

Business, Functional Requirements
Change Requests
System, Application Maintenance Documentation
(hardware/operating system requirements, monitoring logs, operating manuals)
Information Technology Life*+2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y) CA - GOV 34090 - (2Y)
*Life of Application.
069 Technology Help Desk
Records and technical documentation of internal controls and system security. Includes data / information security breaches, notifications, and supporting documentation.

NOTE: Records may include confidential information.

Access Requests
Audit Trail Files
Data Breaches (notifications, reports, responses)
Special Access Approvals
Trouble Tickets
Usage Reports (summary, system)
User Access Records (logs, user accounts, log-in files, data entry logs, accounts)
User Incident, Response Files
Information Technology While Active+2Y CA - CIV 1798.29 - (MAINT) CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GC 34090 - (2Y)
070 Facility Rentals
Records and information documenting rental arrangements for the City's facilities, including those for:
- Meeting rooms
- Event and party rentals
- Picnic areas
- Sports fields
- Agnews Campus auditorium and mansion
- Mission City Center for Performing Arts
Applications (approved, unapproved)
Insurance Certificates
Permits
Releases of Liability
Reports
Parks & Recreation While Active+4Y CA - CCP 337 - (LA4Y) CA - CCP 338 - (LA3Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)

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City of San Dimas
Records Retention Schedule
071 Parks and Recreation Programs and Services
Records and information documenting the City's parks and recreational programs and services, including those for:
- Classes Instructor Contracts
- CNIPS (California Nutrition Information and Payment System) - Outdoor Recreation, including hikes and campouts
- Program/Class/Leagues
- Racket courts
- Recreation Center, including fitness room, weight room, sauna, and showers - Senior Center, including seminars, classes, excursions, and workshops - Special events
- Summer camp
- Swim centers
- Youth & Teen Center
Annual Memberships
Applications (programs, scholarships)
Instructor Contracted Agreement Packet
Mandated Reporting: Child or Elder Abuse
Program/Event Evaluations
Recreation Schedules
Registrations/Withdrawal Reports and Forms
Reservations and Waivers
Scholarship Award Records
Parks & Recreation While Active+4Y CA - CCP 337 - (LA4Y) CA - 22 CCR 65523 - (2Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
072 Asset Management and Maintenance
Records related to the management and maintenance of City assets, including equipment and fleet vehicles:
- Irrigation (parks, public green space)
- Landscaping
- Playground equipment
- Pump Stations
- Traffic signals
- Streetlights
- Swimming Pools
- Trees
- Vehicles/Fleet
Calibration Records
Chemical Readings
Equipment Certifications
Equipment Inspections
Inventory of City Trees
Maintenance and Repair Work Orders
Maintenance Inspection Reports (equipment, trees)
Maintenance Reports
Pressure Vessel Certifications or Permits
Pesticide Applications
Repair Records
Smog Reports
Tree Trimming Schedules
Vehicle Safety Checks
Vehicle Titles (pink slips)
Work Orders
Parks & Recreation
Public Works
Life*+4Y CA - 3 CCR 6624(g) - (2Y)
CA - 22 CCR 65523(e) - (2Y)
CA - 22 CCR 66266.130(c)(5) - (3Y)
CA - CCP 337 - (LA4Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 4216.2(f) - (3Y)
CA - GOV 34090 - (2Y)
CA - HSC 25250.18(b) - (3Y)
CA - HSC 44019(b) - (3Y)
CA - VEH 34505.5(c) - (2Y)
* Life of Asset
073 Building, Property Management
Records and information regarding the structure of City buildings.

As-Built Blueprints
Construction Records
Electrical Wiring Schematics
Floor Plans
Property Inventory
Utility Consumption Tracking
Parks & Recreation
Public Works
Life*+10Y CA - CCP 337.1 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
* LI = Life of Building or Facility

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City of San Dimas
Records Retention Schedule
074 Capital Project Files - Administrative Documents
Records and information related to the administration of public works, Capital Improvement Program (CIP) and Engineering & Capital Projects for City facilities and infrastructure.

Bid and Proposal Documents (list of bidders, openings, proposals, RFIs, RFPs, summaries)
Certified Payrolls
Construction Management Logs
Daily Inspection Diary
Developer Payment / Trusts (Contractor's Trusts)
Engineering Comments
Estimates
Notices to Proceed
Plan Check Comments
Progress Meetings
Project Administration
Project Schedules
Parks & Recreation
Public Works
While Active+10Y CA - CCP 337.1 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - 14 CCR 15095 - (Reasonable)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
US - 2 CFR 200.334 - (CL+3Y)
US - 24 CFR 92.508(c) - (AC+5Y)
US - 24 CFR 570.502(a)(7)(i)(A) - (AC+4Y)
075 Capital Project Files - Permanent Documents
Records and information related to the analysis, design, development, planning, construction and maintenance of public works, Capital Improvement Program (CIP) and Engineering & Capital Projects for City facilities and infrastructure.

Assessments
Capacity (water, wastewater) Fees
Certificates of Compliance/Notice of Non-Compliance
Daily Inspections and Progress Meetings
E.I.R., Notice of Determination, Categorical Exemptions Encroachment Permits, Certificates
Field Inspections, Closures
Final Improvement Plans/As-Built Plans
NPDES Permits
Photos/Pictures
Project Plans and Permits
Real Estate Appraisals
Reports: (Geotechnical, Soil, Drainage, Stormwater, Sewer, and Traffic)
Specifications, Calculations, Change Orders
Studies and Surveys
Underground Utilities Maps
Parks & Recreation
Public Works
Permanent CA - CCP 337.1 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - 14 CCR 15095 - (Reasonable)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 8546.7 - (CL+3Y)
CA - GOV 34090 - (2Y)
US - 2 CFR 200.334 - (CL+3Y)
US - 24 CFR 92.508(c) - (AC+5Y)
US - 24 CFR 570.502(a)(7)(i)(A) - (AC+4Y)
076 Security, Access Operations
Records and information regarding physical access controls and protection for City buildings and facilities.

Access Controls
Access Reports
Building Security Forms
Camera Footage - City Controlled
Camera Footage - Sheriff's Department Control
Daily Activity Logs
Facility Key Lists/Logs
Key Cards
Security Guards
Transaction Logs
Visitor's Logs
Parks & Recreation
Public Works
2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
CA - GOV 34090.6 - (Routine Video: 1Y)
* Exception: Camera footage is retained for one year

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City of San Dimas
Records Retention Schedule
077 Traffic and Transportation Design and Planning
Records and information of activities impacting City streets and traffic, as well as transportation projects and efforts to manage traffic circulation and plan for upcoming improvements, including
- Bicycle and pedestrian program
- Dial-A-Cab program
- Highway corridors
- Parking restrictions
- Pothole monitoring
- Signs and street markings
- Street Name Changes
- Studies and surveys
- Traffic calming programs
- Traffic signals
Impact Studies
Parking Plans
Rights-of-Way
Shared Mobility Permits
Speed Surveys
Traffic Counts
Traffic Management Plans
Traffic Signal Studies
Transportation Planning
Warrants and Justification Memos
Work Orders
Parks & Recreation
Public Works
While Active+2Y CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
San Dimas Municipal Code 3.08.040 - (MAINT)
078 Development Reviews
Documentation of engineering reviews of development plans for residential and commercial projects within the city to assure they meet State Standards and issue encroachment permits for those projects.

Development Plans
Engineering Reviews
Related Correspondence
Public Works Life*+10Y CA - CCP 337.1 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - CCP 338.1 - (LA5Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
* Life of Development
079 Encroachments
Records documenting long-term encroachments upon City property, or by the City on the property of others that are not stored in a project file.

Certificates of Compliance
Encroachment Permits and Related Documents
Public Works While Active+10Y CA - CCP 337.1 - (LA4Y)
CA - CCP 337.15 - (LA10Y)
CA - GOV 34090 - (2Y)
080 Fuel Management
Records related to the storage and management of fuel for City vehicles.

California Air Resources Board Certificate
Fuel Pump Maintenance and Testing
Fuel Reports, Billing Reports, Journals, Fuel Tickets
Fuel Tank Integrity Testing
Fuel Tank Maintenance (aboveground, below ground)
Public Works Life*+5Y CA - 23 CCR 2712 - (LI)*
CA - CCP 338.1 - (LA5Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GC 34090 - (2Y)
CA - HSC 25285 - (5Y)
CA - HSC 25292(b)(4) - (1Y)
CA - HSC 25293 - (MAINT)
* LI - Life of Tank
Exceptions - For testing and maintenance of underground storage tanks, the following exceptions apply:
- Monitoring and maintenance records - retain 3Y
- Release detection system, such as written performance claims, calibration, and maintenance records - retain 5Y
- Records pertaining to a cathodic protection system - retain 6.5Y

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City of San Dimas
Records Retention Schedule
081 Storm Drainage Management
Records and information associated with management of the City's storm drain system.

Inventories (equipment, materials, meters, pipes)
NPDES Permits
Pollution Control Permits
Sewer Management Plan
Storm Drains
Storm Water Monitoring
Water Runoff Testing
Public Works While Active+5Y CA - CCP 338 - (LA3Y)
CA - CCP 338.1 - (LA5Y)
CA - GOV 945.6(a)(2) - (LA6M; LA2Y)
CA - GOV 34090 - (2Y)
CA - HSC 25244.19 - (4Y)
CA - HSC 25244.20 - (4Y)
US - 40 CFR 122.21(p) - (3Y)
US - 40 CFR 122.41(j) - (3Y)
US - 40 CFR 122.44(i)(4)(ii) - (3Y)

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PO Box 2411, Tustin, CA 92781
T: 657-622-4200 | F: 866-254-4423 | www.carlwarren.com
CA License #2607296
11/25/2025
TO: City of San Dimas
ATTENTION: Debra Black

RECOMMENDATION TO REJECT
RE: Claimant: Theresa Bearden
Our Client: City of San Dimas
Date of Loss: 11-08-2025
Our File Number: CJP-3055385
Please allow this correspondence to acknowledge receipt of the captioned claim. Please take the following action:
❖ CLAIM REJECTION: Send a standard rejection letter to the claimant.

Please include proof of mailing with your rejection notice to the claimant. Please provide us with a copy of the city’s notice of rejection and a copy of the proof of mailing. If you have any questions, please feel free to contact the assigned adjuster or the undersigned claims specialist.

Very Truly Yours,
Janice Bartlett
Janice Bartlett
Claims Examiner
Carl Warren & Company, LLC | A Venbrook Company
Direct: 657.622.4326
Email: [email protected]

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PO Box 2411, Tustin, CA 92781
T: 657-622-4200 | F: 866-254-4423 | www.carlwarren.com
CA License # 2607296
11/ 25/ 2025
Theresa Bearden
Explanation of Rejection
RE: Claim : Theresa Bearden V. City of San Dimas
Claimant : Theresa Bearden
Member : City of San Dimas
Date Rec’ d by Mbr : 11-17-2025
Date of Event : 11-08-2025
CW File Number : CJP- 3055385
Dear Ms. Bearden:

As you may recall we are the claim administrators for the City of San Dimas.

The city of San Dimas generally requires a root inspection to determine ownership and responsibility. Based on the information we received from the city, there appears to be 3 other trees located on your property that could also be contributing to the damage. Without an inspection to verify the source of the roots, we are unable to conclude that the City- owned tree is the cause of the reported damage.

Therefore, we are unable to recommend settlement of your claim at this time.

Thank you
Janice Bartlett
Janice Bartlett
Claims Examiner
Carl Warren & Company, LLC | A Venbrook Company
Direct: 657.622.4326
Email: jbartlett@carlwarren. com
Cc: City of San Dimas

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W
NOV 1 7 2025
DIMAS CITY OF SAN i} IP fAS

ADMINISTRATION
1960
City Clerk Stamp

CLAIM AGAINST THE CITY OF SAN DIMAS
For damages to Persons or Personal Property)
Received by i.., l /:' via O US MAIL O Inter -Office Mail '% Over the Counter A claim must be filed with the City Clerk of the City of San Dimas within six ( 6) months after which the incident or event occurred. Be sure your claim is against the City of San Dimas, not another public entity. Where space is insufficient, please use additional paper and identify information by paragraph number. Completed claims must be mailed or delivered to the City Clerk, the City of San Dimas, 245 E. Bonita Avenue, San Dimas, CA 91773- 3002

TO THE HONORABLE MAYOR & CITY COUNCIL, THE CITY OF SAN DIMAS, CALIFORNIA The undersigned respectfully submits the following claim and information relative to damage to persona and/ or personal property:

I. Name of Claimant__ e , y C rye
a. Address of Claimant
b. Telephone Number ( c. Date of Birth

2. Name, telephone and post office address to which claimant desires notices to be sent If other than above:

3. Occurrence or event from which the claim arises:
a. Date d/ ' - c2 ";— b. Time 7 a. na. p. m.
c. Place ( exact & specific location) % (
How and under what circumstances did damage or injury occur? Specify the particular occurrence, event, act or omission you claim caused the injury or damage Use dditional paper if necessary)_` ; f _ 44Z _ ; O,/ Zq r -/e: a iLi e. What particular action by the City, or its employees, caused the alleged damage or

Page 84 ends

4. Give a description of the injury, property damage or loss, so far as is known at the time of this claim. If there were no injuries,. state " no injuries".

5. Give the name(s) of the City employee( s) causing the damage or injury:

6. Name and address of any other person injured:

7. Name and address of the owner of any damaged property:
a4 - 0-ai - P— L
S/a- 2n , r2 41 ! Z

8. Damages claims:
a. Amount claimed as of this date: // vGr1 d 6
b. Estimated amount of future costs: $
c. Total amount claimed: $ -- cfn o ei '!`
d. Basis for computation of amounts claimed ( attach copies of ail bills, invoices, estimates, etc.)

9. Names and addresses of all witnesses, hospitals, doctors, etc.

2. . h cJ ^ f
C.
d.

10. Any additional information that might be helpful in considering this claim:
72; Insurance Code § 556. 1)
I have read the matters and statements made in the above claim and I know the same to be true of my own knowledge, except as to those matters stated upon information or belief as to such matters I believe the same to be true. I certify under penalty of perjury that the foregoing is TRUE AND CORRECT.

Signed this NO J day of --///) e , 201., 4 at _ 5- C) i m ., Ci+ Claimant' s signature

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Page 87 ends

Grand West Coast Construction
6262221824
adrian@grandpumping. com
194MITIMMISMMM
Removal of concrete
Disposal of concrete
Adding new Concrete
Terri Bearden
United States

INVOICE
001
Issued 11/ 8/ 2025
1, 000.00 $ 1, 000.00
lff,
Paid

Page 88 ends

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Page 89 ends

Agenda Item Staff Report
To: Honorable Mayor and Members of City Council
For the Meeting of December 9, 2025
From: Brad McKinney, City Manager
Prepared by: Michael O'Brien, Director of Administrative Services Subject: Receive and file the November 2025 Investment Report ____________________________________________________________________________

SUMMARY
Monthly Reporting for the City of San Dimas investment of idle funds and cash condition.

RECOMMENDATION
Staff recommends that the City Council:
• Receive and file the Investment and Cash Condition report for the month of November 2025.

GOVERNMENT CODE §84308 APPLIES:
https://leginfo.legislature.ca.gov
No

FISCAL IMPACT
There is no fiscal impact for the recommended action.

DISCUSSION/ANALYSIS
It is the policy of the City of San Dimas to invest public funds in a manner that will provide an optimal combination of security and investment return while meeting the daily cash flow demands of the City and conforming to all State and local statutes governing the investment of public funds.

The priority objectives of the City’s investment activities are as follows: safety, liquidity and returns.

The City’s investment portfolio as of November 30, 2025 maintained liquid cash in the amount of $12,273,924.25 held between BMO Harris, the City and LAIF and the CALTRUST Liquidity Fund which amounts to just over 16% of the portfolio to provide the cash flow necessary for City payroll and operating expenditures as well as large capital project expenses and unforeseen

Page 90 ends

Receive and file the November 2025 Investment Report Page 2 For the Meeting of December 9, 2025
emergencies that may occur throughout the year. The following chart displays the total investments and weighted average yield per investment category:

The City’s Banking Services Provider BMO Harris provides a fully collateralized checking account whose funds are used to make cash payments for City payroll and operational expenses. The City performs daily bank reconciliations to assure adequate cash is held in the checking account for upcoming expenditures. Cash held in the account earns income credits that accumulate at a rate of .75% which offsets banking service charges that are charged each quarter to the city. As of June 10, 2024, the City opened a collateralized money market account BMO Harris.

Petty Cash is held at City facilities for cashiering purposes and to reimburse small dollar expenditures between $0.01 and $50.00.

The Local Agency Investment Fund (LAIF) is considered a Local Agency Investment Pool and acts much like a money market account. Funds can be deposited and withdrawn without penalty.

The pool invests funds in short-term securities and can produce returns at rates like money markets but is considered more secure.

CALTRUST is a public agency that provides investment funds that are liquid, short term, and medium term. The assets held by CALTRUST are managed by State Street Global Advisors.

Since the City first invested with CALTRUST in August of 2010, buying into the Medium-Term Fund. The City has made various contributions throughout the years as well as reinvested any accumulated interest earnings throughout the life of the fund.

In total the weighted average cost of investing in CALTRUST is $9.99. Currently due to increasing interest rates driving market rates down for assets already held, the share price of the fund as of November 30, 2025 was $9.93. Until interest rates decline to the point that share price would increase to $9.99 or above, the City would be recognizing a loss on sale. However, the City could pull out funds at any time if liquidity needs arose.

WEIGHTED AVG.

YIELD TOTAL INVESTMENT

0.75% $1,204,497.13

3.41% $43,844.14

0.00% $2,640.00

4.09% $6,328,944.99

4.15% $4,693,997.99

3.97% $14,430,938.33
PRINCIPAL IN BROKER MONEY MARKET 0.00% $50,000.00

3.84% $26,754,862.58
WEIGHTED AVG.

YIELD TOTAL INVESTMENT

4.61% $8,694,237.18

4.70% $1,063,985.19

2.43% $2,274,492.50

0.00% $0.00

2.53% $1,728,000.00

2.22% $1,010,228.46

4.32% $277,068.00

2.91% $13,228,620.81

2.64% $737,350.00

3.65% $18,605,000.00

3.83% $47,618,982.14

3.84% $74,373,844.72

STIFEL NEGOTIABLE CD'S OF DEPOSIT

TOTAL BROKER ACCOUNTS

TOTAL OF ALL INVESTMENTS

BMO HARRIS - GENERAL ACCOUNT

SAN DIMAS PETTY CASH - IMPREST FUNDS

LOCAL AGENCY INVESTMENT FUND (LAIF) CA STATE TREASURER

CALTRUST INVESTMENT PROGRAM-MEDIUM TERM-SHARES

GREAT PACIFIC SECURITIES CORPORATE & MUNICIPAL BONDS

TVI CORPORATE BONDS
TVI U.S.TRESURY BILLS

TVI NEGOTIABLE CERTIFICATES OF DEPOSIT

STIFEL GOVERNMENT SPONSORED ENTERPRISES (GSE) AGENCY BONDS

STIFEL COMMERCIAL & MUNICIPAL BONDS

GREAT PACIFIC SECURITIES GOVERNMENT SPONSORED ENTERPRISE (GSE)

TVI COMMERCIAL & MUNICIPAL BONDS

COLLATERALIZED, POOLED AND PUBLIC AGENCY INVESTMENTS

INVESTMENTS PURCHASED THROUGH BROKERS

TOTAL OF ALL COLLATERALIZED,POOLED AND PUBLIC AGENCY ACCOUNTS

CALTRUST INVESTMENT LIQUIDITY FUNDS

BMO HARRIS - MONEY MARKET ACCOUNT

TVI GOVERNMENT SPONSORED ENTERPRISES (GSE) AGENCY BONDS

Page 91 ends

Receive and file the November 2025 Investment Report Page 3 For the Meeting of December 9, 2025
Beginning in the month of December 2023, the City opened a liquid fund with CALTRUST which is not subject to market rate adjustments due to the type of investments utilized. The fund yielded

4.09% for the month of November. The City intends to take advantage of the high yielding short term investments until yields are no longer inverted.

The City Treasurer also utilizes Brokers to purchase investment securities such as Government Sponsored Enterprises (Agency Bonds), Corporate Bonds, U.S. Treasuries and Negotiable CD’s.

As investments get purchased a broker money marker will be used for the transition time between investments maturing and becoming available cash for reinvestments.

The investment policy and California Government Code Section 53600.3 allow the City to invest 30% of its portfolio in Certificates of Deposit and 20% of its portfolio in Corporate Bonds through Brokers. U.S. Treasuries and Government Sponsored Enterprises (Agency Bonds) have no investment limits. However, it is considered a best practice not to invest more than 5% in a single Government Sponsored Enterprises.

The following is a breakdown of the total invested in each type of investment along with its percentage of the portfolio:

Additionally, per the Investment Policy, the City has an established maturity matrix with the investment ranges as follows:

Maturity Range Guideline Portfolio Percentage
The City’s current investment maturity range is as follows:

Amount % of Portfolio
$1,300,981.27 2%
$4,693,997.99 6%
$20,759,883.32 28%
$20,133,131.74 27%
$7,152,850.40 10%
$0.00 0%
$20,333,000.00 27%
$74,373,844.72 100%

LOCAL AGENCY INVESTMENT FUND (LAIF)

INVESTMENTS BY TYPE

CHECKING & MONEY MARKET ACCOUNTS/CASH ON HAND/

CASH HELD FOR INVESTMENT
Type

CALTRUST

GSE AGENCY BONDS

COMMERCIAL & MUNICIPAL BONDS
U.S TREASURY BILLS

NEGOTIABLE CERTIFICATES OF DEPOSIT

TOTAL OF ALL INVESTMENTS
1 Day to 1 Year 30% - 100%
1 Year to 3 Years 5% - 60%
3 Years to 5 Years 0% - 40%
Amount % of Portfolio
34,179,022.31$ 46%
13,961,776.37$ 19%
26,233,046.04$ 35%
74,373,844.72$ 100%

INVESTMENTS BY MATURITY
Maturity Range
1 Day to 1 Yr.
1 Yr. to 3 Yrs.
3 Yrs. to 5 Yrs.

Total

Page 92 ends

Receive and file the November 2025 Investment Report Page 4 For the Meeting of December 9, 2025
The weighted average maturity for all City investments is 1.80 years, short term investments with maturity within six months continues to draw higher yields. However longer-term yields have been increasing making investing in longer term assets more appealing.

Specific details pertaining to the City’s investment names, CUSIP #’s, coupon and purchase yields, maturity dates, par and book values are included in the Investment and Cash Condition Report attachment.

Respectfully submitted,
Michael O'Brien
Director of Administrative Services
Attachments:

1. Investment and Cash Condition Report

2. Investment Authorization Form

Page 93 ends

CITY OF SAN DIMAS

MONTHLY CASH BALANCE INVESTMENT REPORT
NOVEMBER 2025

ENDING BALANCE
$1,204,497.13
BMO HARRIS - MONEY MARKET ACCOUNT $43,844.14
$2,640.00
$4,693,997.99
$6,328,944.99
$14,430,938.33
$50,000.00
CUSIP # COUPON
YIELD

PURCHASE

YIELD MATURITY PAR VALUE BOOK VALUE
CHEVRON - 3 YEAR BOND 166756ALO 1.02% 4.75% 8/12/2027 $250,000.00 $222,444.51 UNITED HEALTH GROUP - 4 YEAR BOND 91324PDK5 3.85% 4.73% 6/15/2028 $250,000.00 $241,935.46 ADVOCATE HEALTH & HOSPS CORP 007589AA2 3.83% 4.64% 8/15/2028 $305,000.00 $296,779.55 ATHENE GLOBAL FDG - 5 YEAR BOND 04685A3G4 2.71% 4.43% 1/7/2029 $350,000.00 $326,841.60 METLIFE GLOBAL - 5 YEAR BOND 59217GFR5 4.85% 4.90% 1/8/2029 $250,000.00 $249,451.14 TOYOTA MTR CORP 59217GFR5 3.65% 4.20% 1/9/2029 $300,000.00 $293,442.80 NORTHWESTERN MUT GLOBAL - 5 YEAR BOND 66815L2Q1 4.71% 5.16% 1/10/2029 $250,000.00 $245,327.02 RGA GLOBAL - 5 YEAR BOND 76209PAB9 2.70% 4.50% 1/18/2029 $300,000.00 $278,689.63 NY LIFE GLOBAL - 5 YEAR BOND 64952WFF5 4.70% 4.76% 1/29/2029 $500,000.00 $500,000.00 MASS MUTUAL GLOBAL - 5 YEAR BOND 57629W4T4 5.15% 5.15% 5/30/2029 $250,000.00 $249,998.23 MERCEDES BENZ - 4.85 YEAR BOND 233851DW1 3.10% 4.64% 8/15/2029 $350,000.00 $327,541.16 ASCENSION TAXABLE - 4.5 YEAR BOND 04352EAA3 4.45% 4.45% 8/15/2029 $350,000.00 $322,849.13 MUTUAL OF OMAHA - 5 YEAR BOND 62829D2E9 4.75% 4.75% 10/15/2029 $250,000.00 $249,997.05 PRICOA GLOBAL FUNDING - 5 YEAR BOND 74153WCW7 4.70% 4.40% 10/15/2029 $325,000.00 $325,000.00 GUARDIAN LIFE CORP BOND - 5 YEAR BOND 40139LBN2 4.33% 4.10% 5/15/2030 $350,000.00 $350,000.00 MET TOWER CORP BOND - 5 YEAR BOND 58989V2L7 4.05% 4.05% 10/6/2030 $350,000.00 $350,000.00 $4,830,297.28
YUCAIPA VY CALIF WATER DISTRICT 98840BBD4 2.29% 4.72% 9/1/2027 $250,000.00 $232,227.50 ONTARIO CALIFORNIA PUB - 3 YEAR BOND 68304RCD0 1.81% 4.52% 10/1/2027 $255,000.00 $232,539.60 CALIFORNIA ST UNIV REV SYSTEMWIDE- 4 YEAR BOND 13077DQG0 3.85% 4.70% 6/15/2028 $310,000.00 $270,924.50 SOLANO CALIF COMMUNITY COLLEGE - 4 YEAR BOND 83412PHB1 1.48% 4.50% 8/1/2028 $350,000.00 $308,661.50 CALIFORNIA ST DEPT WATER - 4 YEAR BOND 13067WRF1 1.32% 4.70% 12/1/2028 $250,000.00 $215,147.50 CALIFORNIA ST DEPT WTR - 3 YEAR BOND 13067WRF1 1.32% 4.28% 12/1/2028 $330,000.00 $297,851.40 BMW US CAP LLC - 4.5 YEAR BOND 05565ECR4 4.65% 5.00% 8/13/2029 $300,000.00 $295,721.23 PACIFIC LIFE GLOBAL - 4.5 YEAR BOND 6944PL3C1 4.50% 4.55% 8/28/2029 $250,000.00 $248,463.27 AIG GLOBAL - 4.43 YEAR BOND 00138CBC1 4.90% 4.90% 12/3/2029 $350,000.00 $348,496.02 PROTECTIVE LIFE GLOBAL - 4.8 YEAR BOND 74368CCA0 4.77% 4.77% 12/9/2029 $350,000.00 $347,908.68 SAN BUENAVENTURA CALIFORNIA WATER - 4.5 YEAR BOND 797055DQ0 4.37% 4.37% 1/1/2030 $305,000.00 $271,553.70 WESTERN - SOUTHERN GLOBAL - 5 YEAR BOND 95954A2A0 4.50% 4.90% 5/1/2030 $350,000.00 $350,000.00 UNIVERSITY OF CALIFORNIA - 5 YEAR BOND 91412HJR5 4.43% 4.43% 5/15/2030 $500,000.00 $444,445.00 $3,863,939.90
FEDERAL NATIONAL MTG ASSN - 4 YEAR BOND 3135GASJ1 4.50% 4.70% 5/17/2028 $250,000.00 $248,175.00 FEDERAL HOME LOAN - 5 YEAR BOND 1334HA2L6 4.37% 4.55% 1/16/2030 $500,000.00 $496,000.00 TEXAS INSTRUMENT - 4 YEAR BOND 3882508BJ2 1.75% 3.85% 5/4/2030 $350,000.00 $319,810.19 $1,063,985.19
JP MORGAN BOND - 5 YEAR BOND 48128G3G3 1.20% 1.20% 4/30/2026 $285,000.00 $285,000.00 EXXON MOBILE CORP - 7 YEAR BOND 30231GBD3 2.28% 0.98% 8/16/2026 $250,000.00 $264,953.75 GOLDMAN SACHS GROUP - 5 YEAR BOND 38150AJ63 1.70% 1.70% 10/29/2026 $210,000.00 $210,000.00 MORGAN STANLEY FIN GLOBAL - 5 YEAR BOND 61766YGT2 1.35% 1.35% 11/18/2026 $250,000.00 $250,000.00 JP MORGAN CHASE BOND - 5 YEAR BOND 48128G5Y2 2.10% 2.10% 1/29/2027 $270,000.00 $270,000.00 BANK OF AMERICA - 5 YEAR BOND 06048WS84 2.75% 2.75% 3/2/2027 $250,000.00 $250,000.00 MORGAN STANLEY-FIN GLOBAL 5 YEAR BOND 61766YJQ5 3.25% 3.25% 4/13/2027 $250,000.00 $250,000.00 INTEL CORP - 5 YEAR BOND 458140BY5 3.75% 4.25% 8/5/2027 $250,000.00 $244,538.75 WELLS FARGO - 4 YEAR BOND 95001DL99 4.50% 4.50% 8/4/2029 $250,000.00 $250,000.00 TVI CORPORATE BONDS INVESTMENTS SUBTOTAL: $2,274,492.50

SUMMARY OF BANK BALANCES YIELD

0.75%

4.150%

BMO HARRIS - GENERAL ACCOUNT

SAN DIMAS PETTY CASH - IMPREST FUNDS

LOCAL AGENCY INVESTMENT FUND (LAIF) CA STATE TREASURER

3.41%

CALTRUST INVESTMENT PROGRAM-MEDIUM TERM

INVESTMENTS

3.97%

CALTRUST LIQUIDITY FUND
INVESTMENTS HELD WITH TVI:

GREAT PACIFIC SECURITIES COMMERCIAL & MUNICIPAL BONDS INVESTMENTS SUBTOTAL:

GREAT PACIFIC SECURITIES CORPORATE BONDS INVESTMENTS SUBTOTAL:

GREAT PACIFIC SECURITIES GOVERNMENT SPONSORED ENTERPRISES (GSE) AGENCY BONDS INVESTMENTS SUBTOTAL:

4.09%
INVESTMENTS HELD WITH GREAT PACIFIC SECURITIES:

PRINCIPAL IN BROKER MONEY MARKET
ATTACHMENT 1

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CAPITAL ONE BANK - 4 YEAR CD 14042TFH5 2.65% 2.65% 4/13/2026 $246,000.00 $246,000.00 TOYOTA FINANCIAL SAVINGS - 5 YEAR CD 89235MLC3 0.95% 0.95% 7/15/2026 $248,000.00 $248,000.00 MARINE FEDERAL CREDIT UNION - 2 YEAR CD 56824JBD54 4.20% 4.20% 11/27/2026 $249,000.00 $249,000.00 GOLDMAN SACHS BANK USA NEW YORK - 5 YEAR CD 38149M4T7 2.65% 2.65% 4/13/2027 $246,000.00 $246,000.00 STATE BANK OF INDIA - 5 YEAR CD 856285N64 3.30% 3.30% 6/1/2027 $245,000.00 $245,000.00 BRIDGEWATER BANK - 4 YEAR CD 108622QG94 3.90% 3.90% 10/30/2030 $249,000.00 $249,000.00 FIRST GTY BK HAMMOND - 5 YEAR CD 320437BF2 4.05% 4.05% 11/29/2030 $245,000.00 $245,000.00 $1,728,000.00
CALIFORNIA STATE - 5 YEAR BOND 13063EGT7 4.50% 4.32% 8/1/2029 $275,000.00 $277,068.00 $277,068.00
FEDERAL FARM CR BKS CONS SYSTEMWIDE - 5 YEAR BOND 3133ERL41 4.13% 4.40% 12/17/2029 $517,000.00 $510,703.46 3130B7SM77 3.75% 3.77% 9/23/2030 $500,000.00 $499,525.00 $1,010,228.46
FEDL HOME LOAN BANK - 5 YEAR BOND 3130AL2G8 0.60% 0.75% 2/18/2026 $250,000.00 $248,250.00 FEDL NATL MTG ASSN - DISC BOND - 3YEAR 3138LDPW7 2.68% 4.58% 5/1/2026 $250,000.00 $228,805.98 FEDL NATL MTG ASSN - 2 YEAR BOND 3138LDYL1 2.47% 4.93% 6/1/2026 $500,000.00 $473,750.00 FEDL HOME LOAN BANK - 5 YEAR BOND 3130ANMH0 1.10% 1.42% 8/20/2026 $250,000.00 $246,400.00 FEDL FARM CREDIT BANK BOND - 5 YEAR BOND 3133ENSZ4 2.75% 2.75% 4/1/2027 $250,000.00 $250,000.00 CHIEF FINANCIAL FED CR UN - 2 YEAR BOND 16863LAB1 3.50% 3.50% 7/29/2027 $175,000.00 $173,950.00 FEDL NATL MTG ASSN- 5 YEAR BOND 3140LBSE4 1.09% 4.38% 3/1/2028 $350,000.00 $306,250.00 FEDL NATL MTG ASSN - 5 YEAR BOND 3140NUUA5 4.52% 4.52% 3/1/2029 $500,000.00 $499,062.50 FEDL NATL MTG ASSN - 3.9 YEAR BOND 3140LFKC7 4.20% 2.11% 3/1/2029 $365,000.00 $337,739.06 FEDL HOME LOAN MTG CORP - 5 YEAR BOND 3132XDBP7 4.15% 4.61% 4/1/2029 $400,000.00 $392,857.31 FEDL HOME LOAN MTG CORP - 5 YEAR BOND 3132XKSV0 3.81% 3.81% 7/1/2029 $400,000.00 $387,000.00 FEDL NATL MTG ASSN - 5 YEAR BOND 314HU7G5 2.74% 4.06% 8/1/2029 $500,000.00 $472,031.25 FEDL HOMELOAN MTG CORP - 5 YEAR BOND 3132XKTE7 4.02% 4.49% 8/1/2029 $505,000.00 $495,846.88 FEDL NATL MTG ASSN - 4.8 YEAR BOND 3140HVJ62 4.60% 2.61% 9/1/2029 $390,000.00 $357,946.88 FEDL HOME LOAN MTG CORP - 5 YEAR BOND 3132XFSR0 4.42% 4.71% 9/1/2029 $500,000.00 $494,687.50 FEDL NATL MTG ASSN - 5 YEAR BOND 340NWFK6 4.01% 4.37% 10/1/2029 $500,000.00 $492,656.25 FEDL NATL MTG ASSN - 5 YEAR BOND 3140HV4J0 2.14% 4.60% 10/1/2029 $550,000.00 $493,028.24 FEDL NATL MTG ASSN - 4 YEAR BOND 3140HWK50 2.67% 3.84% 11/1/2029 $500,000.00 $479,687.50 FEDL NATL MTG ASSN - 5 YEAR BOND 3140NXC50 4.56% 4.76% 1/1/2030 $500,000.00 $496,562.50 FEDL NATL MTG ASSN - 5 YEAR BOND 3140HW4G4 2.43% 4.75% 1/1/2030 $550,000.00 $493,281.25 FEDL HOME LOAN BANK BOND - 4.75 YEAR BOND 3132XFVC9 4.00% 4.00% 1/1/2030 $325,000.00 $321,140.63 FEDL HOME LOAN MTG CORP- 4.75 YEAR BOND 3132XFWC8 4.31% 4.31% 2/1/2030 $500,000.00 $500,000.00 FEDL HOME LOAN MTG CORP - 4.9 YEAR BOND 3132ZKYX9 4.15% 4.15% 3/1/2030 $500,000.00 $498,906.25 FEDL HOME LOAN MTG CORP - 4.9 YEAR BOND 3132XFWA2 3.75% 3.75% 3/1/2030 $500,000.00 $489,375.00 FEDL HOME LOAN MTG CORP- 4.8 YEAR BOND 313XFWS3 4.17% 4.12% 4/1/2030 $340,000.00 $339,681.25 FEDL NATL MTG ASSN - 5 YEAR BOND 314ONYPF2 4.25% 4.25% 6/1/2030 $500,000.00 $498,281.25 FEDL NATL MTG ASSN - 5 YEAR BOND 3140NYQL8 4.15% 4.15% 6/1/2030 $500,000.00 $498,125.00 FEDL NATL MTG ASSN - 5 YEAR BOND 3140NYXE6 4.24% 4.24% 7/1/2030 $500,000.00 $499,375.00 FNMA BOND - 5 YEAR BOND 3140J0JC5 4.07% 1.25% 7/1/2030 $550,000.00 $481,250.00 FEDL NATL MTG ASSN - 5 YEAR BOND 3140Q0A77 4.14% 4.14% 8/1/2030 $300,000.00 $299,812.50 FEDL HOME LOAN MTG CORP - 5 YEAR BOND 3132XHS47 3.25% 3.92% 9/1/2030 $500,000.00 $482,880.83 FEDL NATL MTG ASSN - 5 YEAR BOND 3136GASX8 3.75% 3.75% 9/18/2030 $500,000.00 $500,000.00 $13,228,620.81
BANK OF AMERICA - 5 YEAR BOND 06048WP20 1.25% 1.25% 9/24/2026 $250,000.00 $250,000.00 APPLE INC - 10 YEAR CORPORATE BOND 037833CR9 3.20% 3.30% 5/11/2027 $250,000.00 $248,850.00 SADDLEBACK VALLEY - 7.75 YEAR BOND (MUNICIPAL BOND) 786318LF0 2.40% 3.41% 8/1/2027 $250,000.00 $238,500.00 $737,350.00
STIFEL GOVERNMENT SPONSORED ENTERPRISES (GSE) AGENCY BONDS INVESTMENTS SUBTOTAL:

TVI CD'S INVESTMENTS SUBTOTAL :

TVI MUNICIPAL BONDS SUBTOTAL :

TVI GOVERNMENT AGENCY BONDS SUBTOTAL :

STIFEL COMMERCIAL & MUNICIPAL BONDS SUBTOTAL:

FEDL HOME LOAN - 5 YEAR BOND

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BARCLAYS BANK - 4 YEAR CD 06740KNT0 1.00% 1.00% 12/15/2025 $248,000.00 $248,000.00 US ALLIANCE FED C.U - 4 YEAR CD 90352RCD5 1.35% 1.35% 1/28/2026 $249,000.00 $249,000.00 FARMERS & MERCHANTS BANK- 3.5 YEAR CD 3078115EL9 3.20% 3.20% 2/5/2026 $249,000.00 $249,000.00 CONNEX CREDIT UNION - 18 MONTH CD 208212BN9 4.45% 4.45% 2/27/2026 $249,000.00 $249,000.00 CFG COMMUNITY BANK - 3.5 YEAR CD 12527CFL1 3.80% 3.80% 3/11/2026 $245,000.00 $245,000.00 ALASKA US FEDERAL CREDIT UNION - 3 YEAR CD 011852AH3 5.15% 5.15% 3/23/2026 $248,000.00 $248,000.00 COMENITY CAPITAL BANK- 4 YEAR CD 20033A2Z8 2.60% 2.60% 4/14/2026 $249,000.00 $249,000.00 BAXTER CR UN - 4 YEAR CD 07181JAD6 3.05% 3.05% 6/22/2026 $249,000.00 $249,000.00 INSPIRE FEDERAL CREDIT UNION - 3 YEAR CD 457731AQ0 5.00% 5.00% 6/30/2026 $248,000.00 $248,000.00 NEW YORK COMMUNITY BANK - 5 YEAR CD 649447UZ0 0.70% 0.70% 7/1/2026 $249,000.00 $249,000.00 SALLIE MAE BANK SALT LAKE CITY UT - 5 YEAR CD 795451AB9 1.00% 1.00% 7/21/2026 $248,000.00 $248,000.00 AUSTIN TELCO FED CR - 2 YEAR CD 052392DG9 4.25% 4.25% 8/21/2026 $249,000.00 $249,000.00 WORKERS CREDIT UNION - 2 YEAR CD 98138MCJ7 4.15% 4.15% 8/31/2026 $249,000.00 $249,000.00 FIRST STATE BANK - 4 YEAR CD 33650TAH3 3.60% 3.60% 9/16/2026 $249,000.00 $249,000.00 QUORUM FED CR - 4 YEAR CD 74909LAB6 3.85% 3.85% 9/23/2026 $249,000.00 $249,000.00 PENTAGON FEDERAL CR UN - 5 YEAR CD CUSIP #70962LAS1 70962LAS1 0.90% 0.90% 9/29/2026 $249,000.00 $249,000.00 ONPATH FEDERAL CREDIT UN - 4 YEAR CD 68283MAF3 3.25% 3.25% 9/30/2026 $249,000.00 $249,000.00 HAWAII CENTRAL FCU - 3 YEAR CD 419700AG4 5.50% 5.50% 10/27/2026 $248,000.00 $248,000.00 BANK UNITED NA - 5 YEAR CD 066519RW1 1.35% 1.35% 12/8/2026 $248,000.00 $248,000.00 RIZE FED CR UN - 2 YEAR CD 76971LAJ7 4.25% 4.25% 12/14/2026 $249,000.00 $249,000.00 BANK HAPOALIM BM - 5 YEAR CD 06251A3K4 1.35% 1.35% 12/16/2026 $248,000.00 $248,000.00 CONNEXUS CREDIT UNION - 5 YEAR CD 20825WAR1 1.25% 1.25% 12/23/2026 $249,000.00 $249,000.00 WEST VIRGINIA CENTRAL FCU - 2 YEAR CD 95649LAB6 4.60% 4.60% 12/23/2026 $249,000.00 $249,000.00 AMERANT BANK - 5 YEAR CD 02357QAQ0 1.60% 1.60% 2/16/2027 $248,000.00 $248,000.00 PIMA CREDIT UNION- 4.5 YEAR CD 722000AA4 5.15% 5.15% 2/17/2027 $248,000.00 $248,000.00 METRO CREDIT UNION - 5 YEAR CD 59161YAP1 1.70% 1.70% 2/18/2027 $249,000.00 $249,000.00 BEAL BANK PLANO TEXAS - 5 YEAR CD 07371AZQ9 2.05% 2.05% 3/3/2027 $248,000.00 $248,000.00 BEAL BANK USA LAS VEGAS - 5 YEAR CD 07371CK81 2.05% 2.05% 3/3/2027 $248,000.00 $248,000.00 SPOKANE TEACHERS CR 849061AF3 4.75% 4.75% 3/25/2027 $249,000.00 $249,000.00 MORGAN STANLEY- 5 YEAR CD 61773TDN0 3.00% 3.00% 4/29/2027 $246,000.00 $246,000.00 GENERATION BANK ROGERS AR CD - 5 YEAR CD 37149CAV9 3.10% 3.10% 5/6/2027 $249,000.00 $249,000.00 DEPARTMENT OF COMMERCE - 5 YEAR CD 24951TAT2 3.25% 3.25% 5/13/2027 $249,000.00 $249,000.00 RADIFI FEDERAL CREDIT UNION - 2 YEAR CD 75034WAA9 4.00% 4.00% 5/13/2027 $249,000.00 $249,000.00 FIRST FED SVGS - 3 YEAR CD 32023HBT4 5.25% 5.25% 6/28/2027 $248,000.00 $248,000.00 CALDWELL BT CO - 2 YEAR CD 128829AQ1 4.00% 4.00% 6/30/2027 $245,000.00 $245,000.00 TRUSTONE FINL CR UN - 5 YEAR CD 89841MAF4 3.40% 3.40% 7/19/2027 $249,000.00 $249,000.00 BMO HARRIS BANK - 5 YEAR CD 05600XHE3 3.55% 3.55% 7/27/2027 $247,000.00 $247,000.00 THIRD FEDL S&L ASSN - 5 YEAR CD 88413QDM7 3.40% 3.40% 7/27/2027 $245,000.00 $245,000.00 CMNTY COMMERCE BANK CLAREMONT- 5 YEAR CD 20367GBH1 3.30% 3.30% 8/10/2027 $249,000.00 $249,000.00 ST VINCENT MED CTR CR - 5 YEAR CD 85279AAA0 3.50% 3.50% 8/12/2027 $249,000.00 $249,000.00 PITTSBURG CITY HALL FCU - 5 YEAR CD 72500MAA3 3.60% 3.60% 8/16/2027 $249,000.00 $249,000.00 SHARONVIEW FCU - 5 YEAR CD 819866BL7 3.50% 3.50% 8/16/2027 $249,000.00 $249,000.00 GHS FEDERAL CREDIT UNION - 5 YEAR CD 36266LAA4 3.80% 3.80% 9/15/2027 $249,000.00 $249,000.00 OKLAHOMA EDUCATORS CR - 2 YEAR CD 67885MAE0 3.65% 3.65% 10/4/2027 $249,000.00 $249,000.00 VALLEY NAT BANK - 2.5 YEAR CD 919853QW4 4.20% 4.20% 12/23/2027 $244,000.00 $244,000.00 SOUTHPOINT BANK - 3 YEAR CD 84464PCC9 4.00% 4.00% 4/28/2028 $249,000.00 $249,000.00 SOUND CREDIT UNION - 4 YEAR CD 83616HAH7 4.15% 4.15% 6/2/2028 $249,000.00 $249,000.00 MEDALLION BANK - 3 YEAR CD 58404DXY2 4.10% 4.10% 6/30/2028 $249,000.00 $249,000.00 NEW ORLEANS FIREMANS FCU - 5 YEAR CD 647608AH1 5.00% 5.00% 7/17/2028 $248,000.00 $248,000.00 NUMERICA CREDIT UNION - 5 YEAR CD 67054NBK8 5.10% 5.10% 7/31/2028 $248,000.00 $248,000.00 SOUTHWEST FINAL FED - 3 YEAR CD 84485EAN7 4.00% 4.00% 8/15/2028 $249,000.00 $249,000.00 GREEN STATE CREDIT UNION- 5 YEAR CD 39573LEL8 5.00% 5.00% 8/29/2028 $248,000.00 $248,000.00 RIA FEDERAL CREDIT UNION - 3 YEAR CD 749622BX3 4.00% 4.00% 10/13/2028 $249,000.00 $249,000.00 CIVIC FEDERAL CREDIT UNION - 3.25 YEAR CD 178808AB7 4.10% 4.10% 10/23/2028 $249,000.00 $249,000.00 ALLIANT CREDIT UNION- 5 YEAR CD 01882MAH5 5.35% 5.35% 11/15/2028 $248,000.00 $248,000.00 SAN FRANCISCO FEDL CR UNION - 4 YEAR CD 79772FAL0 4.25% 4.25% 11/27/2028 $249,000.00 $249,000.00 SKYLA FEDL CREDIT UNION - 3.5 YEAR CD 83086XAE0 4.10% 4.10% 11/30/2028 $249,000.00 $249,000.00 MAINE SAVINGS - 3.5 YEAR CD 560507AU9 4.00% 4.00% 1/30/2029 $249,000.00 $249,000.00 OPTUM BANK - 4 YEAR CD 68405VDC0 4.00% 4.00% 4/30/2029 $245,000.00 $245,000.00 TRUIST BANK - 5 YEAR CD 897926BG5 4.45% 4.45% 4/30/2029 $245,000.00 $245,000.00 MORGAN STANLEY PVT - 5 YEAR CD 61776NRX3 4.15% 4.15% Page 96 – 324 5/7/2029 $244,000.00 $244,000.00 TEXAS EXCHABGE BANK - 4 YEAR CD 88241TWS5 3.60% 3.60% 10/5/2029 $249,000.00 $249,000.00 USF FEDL CREDIT UNION - 5 YEAR CD 90353EBS1 4.65% 4.65% 12/20/2029 $249,000.00 $249,000.00 JP MORGAN CHASE BANK - 5 YEAR CD 46657VWH9 4.75% 4.75% 1/31/2030 $248,000.00 $248,000.00 WEST GATE BANK LINCOLN -5 YEAR CD 95285QCE6 4.60% 4.60% 2/19/2030 $249,000.00 $249,000.00 TUCSON FEDL CREDIT UNION - 5 YEAR CD 898812AE2 4.65% 4.65% 3/7/2030 $249,000.00 $249,000.00 AMERICAN EXPRESS NATIONAL BANK - 5 YEAR CD 02589AGX4 4.15% 4.15% 3/26/2030 $244,000.00 $244,000.00 A+ FEDERAL CREDIT UNION - 5 YEAR CD 00224TAS5 4.15% 4.15% 3/28/2030 $249,000.00 $249,000.00 AMERICAN BANK COMMERCE - 5 YEAR CD 02432LAC1 4.50% 4.50% 6/25/2030 $249,000.00 $249,000.00 CITIBANK SIOUX BANK - 5 YEAR CD 17290GCM7 4.25% 4.25% 7/21/2030 $244,000.00 $244,000.00 CREDIT HUMAN FED CR UN - 5 YEAR CD 22537MAJ6 3.65% 3.65% 9/30/2030 $249,000.00 $249,000.00 FIRST FEDL BANK - 5 YEAR CD 32022WEF9 3.75% 3.75% 10/17/2030 $249,000.00 $249,000.00 HOLYOKE CR - 5 YEAR CD 43666MAD8 3.95% 3.95% 11/5/2030 $249,000.00 $249,000.00 BNY MELLON - 5 YEAR CD 05614FCH4 3.65% 3.65% 11/19/2030 $245,000.00 $245,000.00 $18,605,000.00
$47,618,982.14
$74,373,844.72
Amount % of Portfolio Amount % of Portfolio
$1,300,981.27 2% $ 34,179,022.31 46%
$4,693,997.99 6% $ 13,961,776.37 19%
$20,759,883.32 28% $ 26,233,046.04 35%
$20,133,131.74 27% $ 74,373,844.72 100%
$7,152,850.40 10%
$0.00 0%
$20,333,000.00 27% 3.84%
$74,373,844.72 100% 1.80
Michael O'Brien Administrative Services Director/City Treasurer Prepared by: Jennifer Legaspi
The above investments have met the requirements as stated in the City's Annual Investment Policy.

CALTRUST

GSE AGENCY BONDS

COMMERCIAL & MUNICIPAL BONDS
U.S TREASURY BILLS

NEGOTIABLE CERTIFICATES OF DEPOSIT
TOTAL OF ALL INVESTMENTS Weighted Average Maturity in Years Weighted Average Yield
3 Yrs. to 5 Yrs.

Total

LOCAL AGENCY INVESTMENT FUND (LAIF)

INVESTMENTS BY TYPE INVESTMENTS BY MATURITY

CHECKING & MONEY MARKET ACCOUNTS/CASH ON HAND/ CASH

HELD FOR INVESTMENT
Maturity Range
1 Day to 1 Yr.
1 Yr. to 3 Yrs.

Type
TOTAL CD's/GSE BONDS/ CORPORATE BONDS/TREASURY BILLS

TOTAL OF ALL INVESTMENTS
STIFEL CD'S INVESTMENT SUBTOTAL:

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ATTACHMENT 2

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Agenda Item Staff Report
To: Honorable Mayor and Members of City Council
For the Meeting of December 9, 2025
From: Brad McKinney, City Manager
Prepared by: Michael O'Brien, Director of Administrative Services Subject: Approve the Administrative Services Agreement between the City of San Dimas and the San Dimas Housing Authority.
____________________________________________________________________________

SUMMARY
Approval of an annual Administrative Services Agreement between the City of San Dimas and the San Dimas Housing Authority in order to recoup costs for administrative oversight of the Housing Authority program.

RECOMMENDATION
Staff recommends that the City Council approve the attached Administrative Services Agreement with an estimated amount of $300,212.70.

GOVERNMENT CODE §84308 APPLIES:
https://leginfo.legislature.ca.gov
No

FISCAL IMPACT
The $300,212.70 Administrative Services costs were included in the adopted Fiscal Year 2025- 26 budget.

BACKGROUND
With the dissolution of redevelopment agencies, HSC Section 34176 provided that a City Council could elect to retain the housing assets and functions of a dissolved redevelopment agency. On January 24, 2012, the City Council of the City of San Dimas adopted Resolution 2012-06 electing to have the San Dimas Housing Authority retain the housing assets and functions of the dissolved San Dimas Redevelopment Agency.

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Approve Administrative Services Agreement between the City of San Dimas and the San Dimas Housing Authority. Page 2
For the Meeting of December 9, 2025
Shortly after the assets and functions were transferred, many of the programs and functions were curtailed due to the elimination of new funding from tax increment set-aside funds. However, there were programs and functions that needed to be maintained for the continued operations of the housing assets.

The personnel, equipment, and facilities to maintain the Authority' s functions have been provided by existing City staff and operations. When the Council approved the Fiscal Year 2025-26 Annual Capital and Operating Budget, they approved the concept of the Housing Authority reimbursing the City for the personnel and expenses for managing the Housing Authority functions. To effectuate the reimbursement, the City and Authority need to enter into an annual Administrative Services Agreement.

DISCUSSION/ANALYSIS
The current programs and functions of the Authority include:
• Oversight of management and maintenance of the Monte Vista Apartments. • Mobile Home Rehab Grant program.
• Reconstruction of the house on the Taylor property.
• On-going and expansion of homelessness programs and initiatives. • Monitoring and compliance with low- and moderate-income housing requirements and updates to the Housing element.
• Accounting, treasurer, public meeting coordination, and clerical support for the general Authority functions.
• Future housing developments.

The attached Agreement includes an estimate of the personnel hours and costs of this year's reimbursement. The estimated number of personnel hours is very conservative. The total cost, based upon the estimate, is just over $300,000 but could be higher depending on housing activities. The City will be reimbursed based upon the actual costs at the end of the year.

ALTERNATIVES
The City Council may elect not to approve the agreement, which would require the General Fund to pay for all staff time that would be attributed to housing activities.

Respectfully submitted,
Michael O'Brien
Director of Administrative Services
Attachments:

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Approve Administrative Services Agreement between the City of San Dimas and the San Dimas Housing Authority. Page 3
For the Meeting of December 9, 2025

1. Housing and Administrative Services Agreement

2. Cost estimates

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ADMINISTRATIVE SERVICES

AGREEMENT
This Agreement entered into this 9th day of December, 2025 by and between the City of San Dimas, hereinafter referred to as "City" and the San Dimas Housing Authority, hereinafter referred to as "Authority".

WITNESSETH
WHEREAS, the City has the personnel, supplies and equipment required for the operation of the Authority's housing properties and program.

WHEREAS, the Authority is desirous of utilizing said personnel, supplies and equipment.

NOW, THEREFORE, in consideration of the foregoing recital, the parties hereby do agree as follows:

1. Authority contracts with the City to provide personnel, supplies and equipment to maintain the effective operation of the Authority' s housing properties and program.

2. City agree to provide Authority with adequate personnel, supplies and equipment.

3. This agreement may be terminated upon 30 days written notice by either party with the incurred charge to date due upon termination.

4. This agreement shall provide for services rendered from July 1, 2025 through June 30, 2026.

5. Authority agrees to pay the City annually based upon the actual hours of work performed by the personnel who provide services to the Authority. Those employees may include City Manager, Assistant City Manager, Administrative Services Director, City Clerk, Accounting Supervisor, Housing Manager, Management Analyst, Management Aide, Community Development Director, Planning Manager, Senior Planner, Associate Planner, Director of Parks and Recreation, Facilities Manager, Facilities Supervisor, Facilities Maintenance Worker and Building Maintenance Aide.

6. The total cost based upon an estimate is $300,212.70, but could be higher based upon housing activities.

CITY OF SANDIMAS SAN DIMAS HOUSING AUTHORITY
BY: BY:

Mayor/Chairman City Manager/Executive Director
ATTEST:

City Clerk
ATTACHMENT 1

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Administrative Services Hours Productive Hourly
Rate
Cost
City Manager 3 253.12 $ 759.36
Assistant City Manager 2 195.25 $ 390.50
Administrative Services Director 26 158.58 $ 4,123.08
City Clerk 2 133.16 $ 266.32
Accounting Supervisor (2) 26 90.61 $ 2,355.86
Community Development
Director of Development Services 2 159.3 $ 318.60
Planning Manager 2 133.16 $ 266.32
Senior Planner 2 109.27 $ 218.54
Planning Assistant (2) 2 75.44 $ 150.88
Housing Manager 1000 122.01 $ 122,010.00
Management Analyst 1000 90.07 $ 90,070.00
Management Aide 1000 76.40 $ 76,400.00
Public Works
Public Works Director 2 199.98 $ 399.96
Engineering Manager 2 149.04 $ 298.08
Parks & Recreation
Parks & Recreation Director 2 178.4 $ 356.80
Faciliities Manager 5 130.78 $ 653.90
Facilities Supervisor 5 103.27 $ 516.35
Facilities Maintenance Worker II & I (3) 5 79.91 $ 399.55 Building Maintenance Aide (4) 5 51.72 $ 258.60
TOTAL PERSONNEL $ 300,212.70
TOTAL EXPENDITURES $ 300,212.70

RATES ARE PRODUCTIVE HOURLY RATES

NUMBER OF HOURS ARE ESTIMATES

ADMINISTRATIVE SERVICES AGREEMENT

BETWEEN

CITY OF SAN DIMAS AND SAN DIMAS HOUSING AUTHORITY
ESTIMATED BUDGET FY 25-26
ATTACHMENT 2

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Agenda Item Staff Report
To: Honorable Mayor and Members of City Council
For the Meeting of December 9, 2025
From: Brad McKinney, City Manager
Prepared by: Michael O'Brien, Director of Administrative Services Subject: Receive and File the City's Annual Independent Audited Financial Statements; Approve Budget Appropriations for an additional payment towards the City’s CALPERS unfunded liability, Infrastructure Projects, and Equipment Purchases.
____________________________________________________________________________

SUMMARY
The City's Independent Audited Annual Comprehensive Financial Report is submitted as an informational item for the City Council. Staff is requesting the approval of budget appropriations for an additional payment towards the City’s CALPERS unfunded liability, Infrastructure Projects, and Equipment Purchases.

RECOMMENDATION
City staff recommends that the City Council:
• Receive and File the City's Independent Audited Annual Comprehensive Financial Report.
• Approve an additional budget appropriation of $945,000 to account number 001.4190.200.001 and authorize an additional $1,000,000 payment towards the Cities unfunded liability with CALPERS.
• Approve a revenue budget appropriation of $750,000 to the transfer in account 012.500.001 and $250,000 to transfer in revenue account 070.500.001 which corresponds with an additional $750,000 budget appropriation to expense account 001.5000.099.012 to fund future alley, sidewalk and grant funded projects requiring a match that are not eligible for funding from special funds and an additional budget appropriation of $250,000 to expense account 001.5000.099.012 for future new equipment purchases.

FISCAL IMPACT
The 2024-25 fiscal year financial activity resulted in an increase to the city-wide net position of $3,671,152, for a total net position of $134,610,271.

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Receive and File the City's Annual Independent Audited Financial Statements. Page 2 For the Meeting of December 9, 2025
The General Fund consists of funding that is not restricted for a specific purpose and may be used to fund the priorities of the City’s residents. It increased by $8,421,446. The following is a breakdown of the changes in the General Fund Balance.

Description 2025 2024 Difference
Unassigned 22,168,637 17,812,239 4,356,398
Assigned Fund Balance 13,236,592 9,836,592 3,400,000
New Equipment Reserve (070) 751,747 929,412 (177,665)
Capital Asset Replacement (100) 8,538,456 7,695,743 842,713 Non-spendable (Outstanding Loans Due to City) 8,700,732 8,700,732 -0- Total Fund Balance 53,396,164 44,974,718 8,421,446
The $8,421,446 increase to fund balance includes $3,400,000 that was received from an exchange of funding between Proposition A funds and General Fund Dollars that were generated from a sale of Land to Metro for the A line Parking lot. The $3,400,000 was assigned by the Council for future improvements in the Downtown to support the Downtown Specific Plan.

Of the increase, $842,713 was an additional contribution to meet future Capital Asset maintenance and replacement needs, the majority of which will be used for the City Hall Roof replacement that was recently completed. A total of $480,329 of budgeted expenditures has been carried over in fund 100, which would effectively reduce the $842,713 increase to $362,384.

The remaining $4,356,398 increase to the Unassigned General Fund Balance includes $1,065,032 of budgeted expenditures that have been carried over in the Fiscal Year 2025-26 budget. Those carryovers effectively reduce the surplus amount of $4,356,398 to $3,291,366.

BACKGROUND
At the end of each fiscal year, an audit of the City's financial records is conducted by an outside auditing firm. Within six months of the close of each fiscal year, State law requires that all generalpurpose local governments publish a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants. The City of San Dimas contracts with Rogers, Anderson, Malody & Scott, LLP to conduct the audit and produce our annual report.

DISCUSSION/ANALYSIS
The unassigned surplus of $3,291,366 provides an opportunity for the City to make additional progress towards its largest liability, as well as provide funding for infrastructure replacements that have no dedicated funding source such as alleys and sidewalks.

As of the end of the 2024-25 fiscal year the City’s CALPERS plan is calculated to be 77.87% funded per the below pension outlook model provided by CALPERS. If the Council were to approve an additional $1,000,000 payment towards its outstanding unfunded liability to go along with the additional $500,000 payment that was made in May of 2025, the projected unfunded liability rate would increase to 81.60% assuming CALPERS meets its projected return of 6.8%

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Receive and File the City's Annual Independent Audited Financial Statements. Page 3 For the Meeting of December 9, 2025
which it is trending to meet or exceed at the time of this report. Below is the chart provided by the CALPERS Pension outlook system that demonstrates the effects of the additional contributions.

The difference in the base funded status and the modeled funded status for June 30, 2025, is a result of inputting the actual investment return of 11.6% versus the forecasted assumed rate of return of 6.8%.

The changes going forward are a result of the proposed additional contribution of $1,000,000, as well as the prior contribution of $500,000 that was made last May 2025.

The 80% is a legislative benchmark for private retirement plans to be considered solvent. Below 80% is considered at risk of ever becoming solvent. Not only would the additional contribution create a healthier plan for the City, but it would also reduce the future contributions the City must make on an ongoing basis until the unfunded liability is paid – which would assist in eliminating future budget deficits.

The additional combined $1,000,000 in appropriations would be transferred from the General Fund to infrastructure Fund 12 and Fund 70 ($750,000 Fund 12, $250,000 Fund 70). Fund 12 is where the City contributes funding for sidewalks, alleys and other grant funded projects that require a match and cannot be paid for with any of the City’s special funds, including road funds.

Fund 70 is utilized to purchase new equipment that does not replace existing equipment. New equipment purchases such as a compact loader (Toro Dingo) or IT infrastructure are determined to be necessary to improve operational efficiencies and/or security enhancements.

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Receive and File the City's Annual Independent Audited Financial Statements. Page 4 For the Meeting of December 9, 2025
The City has a number of miles of sidewalks that require upgrades to meet ADA standards, which will require significant investment over time, as well as miles of alleys that need to be repaved.

Road funds such as Gas Tax, Measure M and Measure R cannot be used for sidewalk or alley repair and must instead rely on grants or General Fund dollars. This transfer will help meet the needs for a few years as programmed projects are completed.

Audit Findings
During the audit process the auditors noted an internal control concern regarding staff’s ability to edit vendor information. At the beginning of the fiscal year, staff implemented a new approval process for vendors that were created. The assumption was that the approval process would capture new vendors imputed, as well as edits to current vendors. Prior to this implementation, the Supervisors reviewed a track changes report to monitor changes to vendor histories and new vendors entered. During the audit testing, it was revealed that edits could be made without being subject to the system’s approval process.

Upon realizing this, management determined that it was best to utilize the security features to remove vendor modification abilities from the staff that enters invoices. Going forward, vendor modifications will be entered by the Accounting Supervisors or the Administrative Services Director in order to properly separate duties for this internal control process.

City Financial Outlook: Budget and Economic Considerations for Next Year Purpose of the Budget
Our City's budget is more than just numbers—it's a plan that ensures we use our resources efficiently and effectively, prioritizing the City’s most important goals. The City Council shapes the community's direction and priorities through the budget, carefully allocating the City’s financial resources.

Forecasting Our Finances
The 2025-26 budget projections are crafted using economic trends and forecasts specific to our area. These estimates, informed by state agencies, the Los Angeles County Assessor’s Office, and consulting services provided by companies such as HDL, help us predict our revenue from various sources like property tax, sales tax, Transient Occupancy Tax (TOT) and business license taxes.

During the 2024-25 fiscal year, our General Fund saw a notable increase of $8,421,446. $3,400,000 was generated from the exchange of funds between Proposition A monies and the General Fund to help support the implementation of the Downtown Specific Plan. The additional $5,021,446 is a mix of much higher than anticipated interest income as well as $1,545,361 of expenditures that will be carried over into the next fiscal year. Permit revenues from a major business development, as well as salary savings from vacancies also attributed to this surplus.

Going forward the City is fully staffed heading into the 2025-26 fiscal year, and interest rates on investments have declined approximately 1% since the beginning of the 2024-25 fiscal year.

Interest rates will likely continue to decrease moderately over the course of the 2025-26 fiscal year, which will result in decreased interest revenues. Some major housing developments have

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Receive and File the City's Annual Independent Audited Financial Statements. Page 5 For the Meeting of December 9, 2025
been approved and are expected to generate additional permit and property tax revenues.

However, construction may or may not take place within the 2025-26 fiscal year, making it uncertain if permit revenues will come in at the levels we experienced in the 2024-2025 fiscal year.

Future Financial Conditions and Key Fiscal Risks
As the City looks ahead to Fiscal Year 2025-26 and beyond, several financial factors will influence the City’s ability to sustain high quality public services while maintaining long term fiscal stability.

These considerations include:

1. Slowing Revenue Growth – Property tax growth is expected to be moderate, and sales tax revenues are projected to remain flat due to shifting consumer spending patterns and the continued volatility in auto sales, a key local tax driver.

2. Declining Interest Earnings – Interest revenue was a major contributor to the Fiscal Year 2024- 25 surplus. However, declining interest rates are expected to reduce earnings by approximately 1%, creating downward pressure on General Fund revenues.

3. Increasing Contract Service Costs – Public safety, landscape maintenance, engineering, and janitorial services continue to experience cost increases exceeding inflation. These increases outpace City revenue growth and present structural budget challenges.

4. Rising Pension and OPEB Costs – The City’s CalPERS retirement obligations will continue to rise as the discount rate declines and investment returns remain volatile. CalPERS’ reduction of amortization periods from 30 to 20 years further increases the City’s annual required contributions.

5. Aging Infrastructure and Facility Needs – Major facility investments will be required over the next 5–10 years, including improvements to the City Yard, Recreation Center, and core building systems (HVAC, plumbing, electrical). Deferred maintenance costs are expected to accelerate.

6. Future Development Uncertainty – Several approved housing developments are projected to increase City revenues. However, construction timelines are uncertain, potentially delaying anticipated building permit and property tax revenues.

7. State and Regional Mandates – Housing, environmental compliance, stormwater regulations, and other mandates may increase operational and capital costs without providing stable funding sources.

Despite these challenges, the City maintains substantial General Fund reserves, and its net position remains at an all-time high. The City continues to utilize its financial resources to invest strategically in infrastructure, and is actively exploring opportunities to diversify revenue streams, utilize computer software programs, third parties and AI to modernize its processes to be more efficient in order to enhance the City’s long term fiscal sustainability, and to maintain our service offerings that are so vital to our residents.

ALTERNATIVES

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Receive and File the City's Annual Independent Audited Financial Statements. Page 6 For the Meeting of December 9, 2025
The City Council could elect not to adopt the Annual Comprehensive Financial Report until a later date. Adopting the Annual Comprehensive Financial Report at this time allows the City to submit for excellence in financial reporting award consideration.

The City Council could also elect not to approve any of the proposed budget appropriations, which includes the use of funds to make an additional payment towards the City’s unfunded CALPERS liability.

Respectfully submitted,
Michael O'Brien
Director of Administrative Services
Attachments:

1. 2024-25 City of San Dimas Annual Financial Report

2. Auditor Reports

3. ACFR Presentation

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City of San Dimas, California

ANNUAL COMPREHENSIVE FINANCIAL

REPORT FOR THE FISCAL YEAR ENDED
JUNE 30, 2025
Prepared By:

CITY OF SAN DIMAS FINANCE DEPARTMENT
245 E. Bonita Ave. San Dimas CA, 91773
ATTACHMENT 1

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City of San Dimas, California

ANNUAL COMPREHENSIVE FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED
JUNE 30, 2025
Prepared By

FINANCE DEPARTMENT

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City of San Dimas
Annual Comprehensive Financial Report
For the Fiscal Year Ended June 30, 2025

TABLE OF CONTENTS

INTRODUCTORY SECTION
Letter of Transmittal ..........................................................................................................i Organizational Chart ...................................................................................................... vii Certificate of Achievement for Excellence in Financial Reporting .................................. viii

FINANCIAL SECTION
Independent Auditor’s Report ................................................................................................ 1 Management’s Discussion and Analysis ............................................................................... 4 Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Position ........................................................................................ 16 Statement of Activities ............................................................................................. 17 Fund Financial Statements
Balance Sheet – Governmental Funds .................................................................... 18 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position .................................................................................. 19 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ......................................................................................... 20 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ............... 21 Statement of Fiduciary Net Position – Fiduciary Funds ............................................ 22 Statement of Changes in Fiduciary Net Position – Fiduciary Funds ......................... 23 Notes to Financial Statements ....................................................................................... 24 Required Supplementary Information
Budgetary Comparison Schedule by Department – General Fund ................................ 62 Budgetary Comparison Schedule – Golf Course Maintenance and Operation ............... 63 Notes to Required Supplementary Information .............................................................. 64 Schedule of Proportionate Share of Net Pension Liability .............................................. 65 Schedule of Plan Contributions ..................................................................................... 66 Schedule of Changes in the Total OPEB Liability and Related Ratios ........................... 67

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City of San Dimas
Annual Comprehensive Financial Report
For the Fiscal Year Ended June 30, 2025
TABLE OF CONTENTS, (Continued)
Supplementary Information
Combining and Individual Fund Statements and Schedules
Combining Balance Sheet – Nonmajor Governmental Funds .................................. 71 Combining Statement of Revenues, Expenditures and Changes in Fund Balance – Nonmajor Governmental Funds ............................................... 77 Budgetary Comparison Schedules –
Gas Tax Fund ..................................................................................................... 83 Sewer Expansion Fund ....................................................................................... 84 City Wide Lighting District Fund .......................................................................... 85 Landscape Parcel Tax Fund ............................................................................... 86 Infrastructure Replacement Fund ........................................................................ 87 North & West Park District Fund ......................................................................... 88 East Park District Fund ....................................................................................... 89 Housing Authority (Housing Successor) Fund ..................................................... 90 Housing & Community Development Fund ......................................................... 91 Citizen’s Option for Public Safety Fund ............................................................... 92 Air Quality Management District Fund................................................................. 93 Proposition A Local Transit Fund ........................................................................ 94 Transportation Proposition C Fund ..................................................................... 95 Open Space Maintenance District Fund .............................................................. 96 Measure R Transit Fund ..................................................................................... 97 Measure M Transit Fund ..................................................................................... 98 Road Maintenance Rehabilitation Act Fund ........................................................ 99 Measure W Storm Water Fund ......................................................................... 100 Housing Authority Fund .................................................................................... 101

STATISTICAL SECTION (UNAUDITED)
Net Position by Component ......................................................................................... 103 Change in Net Position ................................................................................................ 105 Fund Balances of Governmental Funds ...................................................................... 109 Changes in Fund Balances of Governmental Funds .................................................... 111 Top 25 Sales Tax Producers ....................................................................................... 113 Taxable Sales by Category ......................................................................................... 115 Top Ten Property Tax Payers ..................................................................................... 116 Direct and Overlapping Property Tax Rates ................................................................ 118 Assessed Value of Taxable Property ........................................................................... 119 2024/25 Use Category Summary ................................................................................ 120 Property Tax Dollar Breakdown .................................................................................... 121 2024/25 Roll Summary ................................................................................................. 122 Net Taxable Assessed Value History .......................................................................... 123

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City of San Dimas
Annual Comprehensive Financial Report
For the Fiscal Year Ended June 30, 2025
TABLE OF CONTENTS, (Continued)
Ratios of Outstanding Debt by Type ............................................................................. 124 Legal Debt Margin Information ..................................................................................... 125 Direct and Overlapping General Fund Debt ................................................................. 127 Full-time City Employees by Function .......................................................................... 128 Sales Value History ..................................................................................................... 130 Demographic and Economic Statistics ........................................................................ 131 Capital Asset Statistics by Function/Program ............................................................... 132

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Director of Administrative
Services
Michael O’Brien
Director of Community
Development
Luis Torrico
Director of Parks and
Recreation
Scott Wasserman
Director of Public Works
Shari Garwick
245 East Bonita Avenue ∙ San Dimas ∙ California 91773-3002 ∙ (909) 394-6200 ∙ Fax (909) 394-6209  sandimasca.gov i
City Council
Emmett Badar, Mayor
Eric Weber, Mayor Pro Tem – District 1
Rachel Bratakos - District 3
Eric Nakano, - District 2
Ryan Vienna - District 4
City Manager
Brad McKinney
Assistant City Manager
Travis Sais
City Attorney
Jeff Malawy
December 2, 2025
To the Honorable Mayor, City Council and Citizens of the City of San Dimas:

State law requires that all general-purpose local governments publish within six months of the close of each fiscal year a complete set of financial statements presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards by a firm of licensed certified public accountants. Pursuant to that requirement, we hereby issue the annual financial report of the City of San Dimas for the fiscal year ended June 30, 2025.

This report consists of management’s representations concerning the finances of the City of San Dimas.

Consequently, management assumes full responsibility for the completeness and reliability of all the information presented in this report. To provide a reasonable basis for making these representations, management of the City of San Dimas has established a comprehensive internal control framework that is designed both to protect the government’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City of San Dimas’ financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the City of San Dimas’ comprehensive framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatement.

The City has financial internal controls policies and procedures intended to provide adequate control over the reporting of financial information. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects.

The City of San Dimas’ financial statements have been audited by Rogers, Anderson, Malody & Scott, LLP, a firm of licensed certified public accountants, their first year conducting this financial statement audit. The goal of the independent audit was to provide reasonable assurance that the financial statements of the City of San Dimas for the fiscal year ended June 30, 2023, are free of material misstatement.

All General, Special Revenue, Debt Service, Private Purpose Trust Fund and Custodial funds have annually appropriated budgets.

Auditor’s Opinion on Financial Statements for June 30, 2025 The independent audit conducted by Rodgers, Anderson, Malody & Scott LLP, Certified Public Accountants involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation.

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245 East Bonita Avenue ∙ San Dimas ∙ California 91773-3002 ∙ (909) 394-6200 ∙ Fax (909) 394-6209  sandimasca.gov ii
The independent auditor concluded based upon the audit, that there was a reasonable basis for rendering an unmodified (clean) opinion that the City of San Dimas’ financial statements for the fiscal year ended June 30, 2025, are fairly presented in conformity with GAAP. The independent auditor’s report is presented as the first component of this report.

The independent audit of the financial statements of the City of San Dimas includes the determination as to whether the City will require a Single Audit which is designed to meet the special needs of federal grantor agencies. GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A).

This letter of transmittal is designed to complement MD&A and should be read in conjunction with it. The City of San Dimas’ MD&A can be found immediately following the independent auditors report.

Profile of the Government
The City of San Dimas is located about 30 miles east of Los Angeles and near the western boarder of San Bernardino County, at the base of the San Gabriel Mountains. Superior access to freeways offers a centralized location from which to enjoy Southern California’s many excellent cultural and recreational activities. San Dimas currently occupies a land area of 15 square miles and serves a population of 34,924.

The City of San Dimas’ citizens receive a full range of services through the combined efforts of the City’s five departments (City Manager’s Office, Administrative Services, Parks & Recreation, Public Works and Community Development) and many contract services, including services from the County of Los Angeles for police and fire services.

The City of San Dimas was incorporated in 1960 with a Council-Manager form of government. Policymaking and legislative authority are vested in a governing council consisting of the mayor and four council members. The governing council is responsible among other things, for passing ordinances, adopting the budget, appointing commissions, and hiring both the City Manager and City Attorney. The City Manager is responsible for carrying out the policies and ordinances of the governing council, for overseeing the dayto-day operations of the City and for appointing the heads of the various departments. The council is elected on a non-partisan basis. Council members serve four-year staggered terms, with two council members elected every two years. The mayor is directly elected to serve a two-year term. The City of San Dimas is empowered to levy a property tax on both real and personal properties located within its boundaries. It also is empowered by state statute to extend its corporate limits by annexation, which occurs periodically when deemed appropriate by the governing council.

The annual budget serves as the foundation for the City of San Dimas’ financial planning and control. All departments and agencies of the City of San Dimas are required to submit requests for appropriation to the City Manager for the new fiscal year around March of each year. The City Manager uses these requests as the starting point for developing a proposed budget. Once budget sessions are complete, the City Manager then presents this proposed budget to the City Council for review. The City Council is required to adopt a final budget no later than June 30th, which is the close of the City of San Dimas’ fiscal year. The appropriated budget is prepared by fund, function (e.g., public safety), and department (e.g., public works).

Budget-to-actual comparisons are provided in this report for each individual governmental fund for which an appropriated annual budget has been adopted.

Factors Affecting Financial Condition
The City’s overall financial position continued to improve during the 2024-25 fiscal year, additional funding was attributable to a fund exchange between Proposition A funds and General Fund dollars that increased the General Fund Assigned Reserves by $3,400,000 to address future improvements in support

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245 East Bonita Avenue ∙ San Dimas ∙ California 91773-3002 ∙ (909) 394-6200 ∙ Fax (909) 394-6209  sandimasca.gov iii
of the Downtown Specific Plan. Additionally, one time revenues came in significantly above budget which included Interest Revenues, Permits and Charges for Services as fee increases meant to address the shortfall between the cost to deliver the service and the fees charged went into effect in the 2024-2025 fiscal year and yielded better than projected results.

Local economy. Sales tax revenues have remained mostly flat over the past fiscal year with minimal increases projected in the 2025-26 fiscal year as cost increases have affected their buying power. The coming year will see housing developments that are planned to begin construction in the coming years that will increase property tax revenues and help drive an uptick in sales tax revenues. The City also has potential for expansion for businesses to fill unoccupied industrial locations that were vacated by Gilead that can be replaced with a business that produces Sales Taxes for the City along with Property tax dollars.

Long-term financial planning. San Dimas has taken proactive steps to secure its financial future, establishing a Capital Asset Reserve and assigning a total of $8.5 million for future lifecycle replacements and capital maintenance of essential facilities and infrastructure. The City is also committed to reviewing its five-year financial projections for both revenue and expenditures, identifying areas where reserve funding may be necessary to sustain operations and infrastructure improvements.

To support the community's quality of life and financial stability, San Dimas has implemented multiyear initiatives focused on public safety, homelessness response, and infrastructure maintenance, while carefully managing fiscal challenges. Through responsible budgeting and investment in priority projects, the City aims to maintain service levels that meet the community's needs without compromising its financial health.

San Dimas will continue to monitor economic trends and adjust its financial strategies accordingly, focusing on preserving essential services and enhancing operational efficiency to respond effectively to any future fiscal pressures.

The City of San Dimas maintains a five-year capital improvement program which serves as its planning document to ensure that its facilities, equipment, and infrastructure are well maintained and operating in peak condition. The City remains committed to maintaining and enhancing its infrastructure, vehicles, and equipment through strategic capital investments and a well-structured replacement program. As part of this process, the City of San Dimas identifies and quantifies the operational costs associated with its capital projects and budgets resources accordingly.

The fiscal year 2025-26 Capital Improvement Program has allocated funding to ensure essential infrastructure upgrades, park improvements, and the modernization of public facilities to support continued quality of life and operational efficiency.

Key capital improvement projects for this fiscal year include a little over 9.5 million of allocated funding to address our aging street infrastructure to improve safety and longevity. Other planned allocations focus on enhancing infrastructure, such as sidewalks, parks, and municipal buildings, which are critical to meeting community expectations and maintaining asset integrity.

To support ongoing operations and ensure service reliability, San Dimas has also prioritized the replacement of aging fleet vehicles and essential equipment. The 2025-26 budget includes $1,558,000 for replacing fleet vehicles and $550,000 to improve the storm water infrastructure at the Horse Thief Canyon Equestrian Center. This investment addresses immediate operational needs and aligns with the City’s long-term goal of prioritizing the approach to capital replacement, ensuring funding availability for necessary replacements without disrupting current year resources.

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245 East Bonita Avenue ∙ San Dimas ∙ California 91773-3002 ∙ (909) 394-6200 ∙ Fax (909) 394-6209  sandimasca.gov iv
Through these investments, San Dimas demonstrates a commitment to fiscal responsibility, ensuring that its capital assets, vehicles, and equipment remain reliable, safe, and capable of supporting the City’s high standards for service and infrastructure.

Cash management policies and practices. Cash temporarily idle during the year was mainly invested in the State Treasurer’s investment pool, CALTRUST, Certificates of Deposit, United States Treasuries, Government Sponsored Enterprise Bonds, Municipal Bonds and Corporate Bonds invested through brokers Time Value Investments, Great Pacific Securities and Stifel. The strategy for investment is intended to maximize earnings on available funds.

Tax Abatement Program. The City of San Dimas, through the Former Redevelopment Agency (RDA) and now the Successor Agency, entered into a performance-based tax abatement agreement with a local retailer to stimulate economic activity and foster public benefit. This agreement, approved by the City Council, provides the retailer with a structured incentive tied to sales, property, and business license tax revenues, while also securing a leased parking lot space for public use.

Under this agreement, fifty percent (50%) of the portion of annual sales tax revenues exceeding $200,000 is abated each year as an incentive for the retailer's continued growth and contribution to the local economy.

The agreement is currently set to conclude at the end of fiscal year 2026-27. This partnership reflects the City’s commitment to economic development through strategic tax incentives, fostering job creation and local commerce while providing valuable public infrastructure.

Pension and other post-employment benefits. The City of San Dimas contracts with the Public Employees Retirement System (PERS) for the pension plan for miscellaneous employees. Each year, PERS prepares an actuarial report that calculates the amount of the annual contribution that the City of San Dimas must make to the pension plan to ensure that the plan will be able to fully meet its obligations to retired employees on a timely basis. For fiscal year 2025-26, the City had an employer rate of 11.94% and made an annual lump sum pre-payment of $1,456,620 towards the Cities unfunded accrued liability. The total unfunded liability is equal to $15,987,517. The employee’s contribution is 7% from their pay to the retirement plan in fiscal year 2025-26. The unfunded liability rate increased from previous reports due to lower rates of return than is anticipated as well as a reduction in the discount rate which reduces the assumed rate of return on investments. However, at the end of June 30,2025 CALPERS realized gains of 11.6%, out pacing the expected rate of return of 6.8%. This unexpected gain should help to moderately reduce the unfunded liability.

For Other Post Employee Benefits (OPEB), the City pays the Public Employees’ Medical and Hospital Care Act minimum amount for retiree health benefits and therefore, budgets and disburses payments on a “pay as you go” basis. With the implementation of Governmental Accounting Standards Board (GASB) Standard 75, the City is reporting OPEB liabilities on its 2024-25 government wide financial statements in the amount of $2,309,953, an increase of $48,423 from the liability measured for 2023-24.

Additional information. The goal of the City of San Dimas’ financial staff is to strive for excellence in the performance of the financial functions and reporting. The requirements of GASB have expanded requirements related to financial reporting. It is our goal to achieve the standards set by these professional organizations and preserve the qualities of financial reporting excellence. As mentioned in the beginning

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245 East Bonita Avenue ∙ San Dimas ∙ California 91773-3002 ∙ (909) 394-6200 ∙ Fax (909) 394-6209  sandimasca.gov v
of this letter, the City of San Dimas’ financial statements for the year ended June 30, 2025, were audited by Rogers, Anderson, Malody & Scott, LLP. Also mentioned in the beginning of this report, Rogers, Anderson, Malody & Scott, PPL, have issued an unmodified (clean) opinion on the City of San Dimas’ financial statements for the year ended June 30, 2025.

Awards and Acknowledgments
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of San Dimas for its annual comprehensive financial report (ACFR) for the fiscal year ended June 30, 2024. This was the second consecutive year that the City of San Dimas had achieved this prestigious award. In order to be awarded a Certificate of Achievement, the City of San Dimas had to publish an easily readable and efficiently organized ACFR that satisfied both generally accepted accounting principles and applicable program requirements.

A Certificate of Achievement for Excellence in Financial Reporting is valid for a period of one year only.

However, we believe that our current ACFR continues to meet the Certificate of Achievement for Excellence in Financial Reporting Program’s requirements, and we are submitting it to the GFOA to determine its eligibility for another certificate.

The City of San Dimas also received the California Society of Municipal Finance Officers CSMFO Distinguished Budget Presentation Award for its annual budget document dated June 30, 2024. To qualify for the Distinguished Budget Presentation Award, the City of San Dimas budget document had to be judged proficient as a policy document, a financial plan, an operations guide, and a communications device.

The preparation of this report could not have been accomplished without the efficient and dedicated services of the entire staff of the Finance Division and cooperation of all City departments. We would also like to thank the Mayor and members of the City Council for their prudent planning and support in executing the financial operations of the City in a responsible and thoughtful manner.

Brad McKinney, Michael O’Brien,
City Manager Administrative Services Director

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-viCity of San Dimas
Organizational Chart

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-viiCITY OF SAN DIMAS ORGANIZATION CHART

CITY COUNCIL CITY ATTORNEY

PUBLIC SAFETY CITY MANAGER CITY CLERK
Sheriff’s Contract
Assistant City
Manager
Assistant to City
Council
Humane Society
Contract
Economic Legislative
Fire District
Liaison
Successor Agency
Support Administration
Elections
Policy Records
Budget

PARKS &

RECREATION

COMMUNITY

DEVELOPMENT

ADMINISTRATIVE

SERVICES

PUBLIC WORKS
Programs Current & Long-Range
Planning
Treasurer Engineering
Senior Programs DEVELOPMENT

SERVICES
Finance Management Capital Project
Facilities
Code Compliance Human Resources Street & Infrastructure Maintenance
Landscape
Building & Safety
Information Environmental &
Waste Services
Risk Management HOUSING
Franchise
Housing Authority
Public Information
Block Grant
Transit Programs
Successor Agency
Support
Mobile Home

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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of San Dimas
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2024
Executive Director/CEO
-viiiPage 125 – 324
Tel. 909-889-0871 | www.ramscpa.net | 735 E. Carnegie Dr. Suite 100, San Bernardino, CA 92408

CERTIFIED PUBLIC ACCOUNTANTS
-1-
Independent Auditor’s Report
To the Honorable City Council
City of San Dimas, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the City of San Dimas, California (the City), as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2025, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

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

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

Emphasis of Matter
As described in Note 1 to the financial statements during the year ended June 30, 2025, the City adopted new accounting guidance under Governmental Accounting Standards Board (GASB) Statement No. 101, Compensated Absences. Our opinions are not modified with respect to this matter.

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

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

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-2-
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

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

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

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the required supplementary information, such as management’s discussion and analysis, and tables listed in the table of contents be presented to supplement the basic financial statements.Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The supplementary information as listed in the table of contents is presented for purposes of additional analysis and are not a required part of the basic financial statements.

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-3-
Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion, the accompanying supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual comprehensive financial report.

The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor's report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

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

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 2, 2025 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters.

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

San Bernardino, California
December 2, 2025

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-4-
As management of the City of San Dimas, we offer readers of the City of San Dimas’ financial statements this narrative overview and analysis of the financial activities of the City of San Dimas for the fiscal year ended June 30, 2025. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal and the City’s financial statements.

Financial Highlights
 The assets and deferred outflows of the City of San Dimas exceeded the liabilities and deferred inflows at the close of the most recent fiscal year by $134,610,271 (net position). The net position is comprised of net investment in capital assets in the amount of $59,180,178 restricted and unrestricted net position in the amount of $75,430,093 for public safety, parks & recreation, public works, debt service, housing and the government’s ongoing obligations as listed on the Statement of Net Position.
 The Statement of Activities details the program and general revenues in the amount of $52,986,636. The costs of governmental activities were $49,315,484 as shown on the Statement of Activities. Thus, the City’s net position increased by $3,671,152 as a result of the 2024-25 operations
 The General Fund reported excess revenues over expenditures of $8,459,777 excluding transfers in and transfers out. Refer to the Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds. This is offset by a net transfer of ($138,541) out of the General Fund to support other fund activity and the proceeds from issuance of Subscription based information technology arrangements (SBITAs) and leases of $100,210 for a net change in the General Fund balance of $8,421,446.  The Budgetary Comparison Schedule by Department shows the General Fund, actual resources available for appropriation (revenue inflows and fund balance) were over the final budget by $4,828,986, and actual appropriations (outflows) were under budget by $5,397,636.  The City of San Dimas’ total long-term liabilities decreased by $982,171 during the current fiscal year. The key factor in this decrease was due to the actuarial Net Pension liability decreasing as well as the City making its annual debt service payment towards the Charter Oak Mobile Home Park Bond. (Refer to Notes 5, 6 and 7).

OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis section is intended to serve as an introduction to the City of San Dimas’ basic financial statements. The City of San Dimas’ basic financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements. The government-wide financial statements are designed to provide readers with a broad overview of the City of San Dimas’ finances, in a manner similar to private-sector business.

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-5-
The statement of net position presents information on all of the City of San Dimas’ assets plus deferred outflows of resources and liabilities plus deferred inflows of resources, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City of San Dimas is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave.)
Both of the government-wide financial statements distinguish functions of the City of San Dimas that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City of San Dimas include General Government, Public Safety, Community Development, Public Works and Parks and Recreation.

The government-wide financial statements include the blending of separate legal entities such as:
the Successor Agency for the former San Dimas Redevelopment Agency, San Dimas Public Financing Authority, San Dimas Public Corporation and San Dimas La Verne Facilities Authority.

Although legally separate, these “component units” are important because the City of San Dimas is financially accountable for them.

Fund Financial Statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City of San Dimas, like other local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City of San Dimas can be divided into two categories: governmental funds and fiduciary funds.

Governmental Funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements.

However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the governmentwide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-6-
The City of San Dimas maintains twenty-three individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General Fund and the Golf Course Maintenance and Operation Fund are considered to be major funds. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements elsewhere in this report.

The City of San Dimas adopts an annual appropriated budget for all material funds. Budgetary comparison schedules have been provided for the general fund and two other major funds to demonstrate compliance with this budget.

Fiduciary Funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statement because the resources of those funds are not available to support the City of San Dimas’ own programs. The City has two Fiduciary Funds. 1) The Successor Agency (PrivatePurpose Trust Fund) and 2) Walker House, LLC Fund (Custodial Fund). The City budgets for these funds to reflect the operations of the Successor Agency and the Walker House. The fiduciary fund financial statements can be found on page 22-23 of this report.

Notes to the Financial Statements. The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

The notes to the financial statements can be found on pages 24-61.

Other information. In addition to the basic financial statements and accompanying notes, this report also presents required supplementary information concerning the City of San Dimas progress in funding its obligations to provide pension and OPEB benefits to its employees.

Required supplementary information can be found immediately after the notes to the financial statements on pages 62-68 and the notes to the required supplementary information on page 69.

The combining statements referred to earlier in connection with non- major governmental funds and pension (and other employee benefits) are presented immediately following the schedule of changes in the total OPEB liability and related ratios. Combining and individual fund statements and schedules can be found on pages 71-82.

Government-Wide Financial Analysis
Our analysis focuses on the net position and changes in net position of the City’s governmental activities. No business-type activities are reported in the government-wide statements.

The City’s net position from governmental activities increased from $130,939,119 to $134,610,271. This increase comes from City operations bringing in more resources than it used during the fiscal year, as recorded in the Statement of Activities and flows through the Statement of Net Position.

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-7-
Governmental Activities
Net Position
2025 2024
Current and other assets 100,100,878 $ 99,340,791 $
Capital and intangible, net 59,859,586 56,510,980 Total Assets 159,960,464 155,851,771 Deferred outflows related to pensions 5,911,450 7,655,579 Deferred outflows related to OPEB items 322,276 414,326 Total Deferred Outflows 6,233,726 8,069,905 Long-term liabilities outstanding 20,638,993 20,022,507 Other liabilities 6,098,775 8,256,044 Total Liabilities 26,737,768 28,278,551 Deferred inflows related to leases 2,202,447 2,563,086 Deferred inflows related to pensions 1,856,018 1,339,296 Deferred inflows related to OPEB 787,686 801,624 Total Deferred Inflows 4,846,151 4,704,006 Net Position:

Net investment in capital assets 59,180,178 55,300,168 Restricted/unrestricted 75,430,093 75,638,951 Total Net Position 134,610,271 $ 130,939,119 $
June 30,
Changes in Revenue. Total revenues saw an increase of $7.6 M, which was attributed by a onetime exchange of Proposition A Funds that resulted in an additional 3.4 million in revenues.

Additionally, the City generated an additional $1,515,570 of interest revenue than it did in the prior year. Increases in property taxes, permit revenues from increased activity and fee increases implemented in the prior year were a major factor for increasing revenues from the prior year. 54,027,729
37,027,325
36,458,752
55,300,168
37,891,775
37,747,176
- 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 Net Investment in Captial
Assets
Restricted
Unrestricted
City of San Dimas Net Position 2024 & 2023
2024 2023

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-8-
Change in Expenditures. Total expenditures saw an increase of $7.3 M, which was attributed to investments in infrastructure improvements, equipment purchases as well as increases for contract services such as public safety, landscaping and engineering due to CPI increases and general contract increases. Additionally, the $4,000,000 of Proposition A funds that were expensed to be converted to General Fund dollars is reflected in the increase of expenditures.

Governmental Activities. Governmental activities increased the City of San Dimas’ net position by a total of $3,671,152.
2025 2024
Revenues
Program Revenues:

Charges for services 4,543,281 $ 3,671,531 $
Operating contributions and grants 3,811,006 1,948,977 Capital contributions and grants 312,830 248,285 General Revenues:

Taxes:

Property taxes 13,370,119 12,414,457 Sales taxes 11,523,319 11,552,286 Franchise taxes 2,878,168 2,916,135 Other taxes 3,833,435 3,645,341 Motor vehicle in lieu unrestricted 68,617 57,132 Use of money and property 9,224,957 8,945,411 Other 3,420,904 19,787 Total Revenues 52,986,636 45,419,342 Expenses General government 12,190,340 7,848,561 Public safety 9,385,423 9,302,564 Community development 6,989,260 6,583,939
Parks and recreation 10,350,089 9,626,819
Public works 10,029,538 8,206,398
Interest on long-term debt 370,834 422,748 Total Expenses 49,315,484 41,991,029 Change in Net Position 3,671,152 3,428,313 Net Position - Beginning Balance 130,939,119 127,510,806 Net Position - Ending Balance 134,610,271 $ 130,939,119 $ Changes in Net Position
Governmental Activities
Fiscal Year Ended June 30,
The cost of all programs and services are $49,315,484; total revenues are $52,986,636 equals the change in net position of $3,671,152.

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-9-
The following presents the cost of each of the City’s six largest programs – General Government, Public Safety, Community Development, Parks and Recreation, Public Works and Interest on Long-Term Debt – as well as each program’s net cost (total cost less revenues generated by the activities). The net cost shows the financial impact that was placed on the City’s resources by each of these functions.

The following presents a comparison of revenues by source and their percentage of total general revenues.
-
2,000,000.00
4,000,000.00
6,000,000.00
8,000,000.00
10,000,000.00
12,000,000.00
14,000,000.00
General
Government
Public Safety Community
Development
Parks &
Recreation
Public Works Interest on
Long-Term Debt
Expenses & Program Revenues - Governmental Funds
Expenses Program Revenues
Charges for
Services, 8.57%
Operating
Contributions &
Grants, 7.19%
Capital
Contributions and
Grants, 0.59%
Property
Taxes, 25.23%
Sales
Taxes, …
Franchise
Taxes, 5.43%
Other Taxes, 2.44%
Motor Vehicle in
Lieu Unrestricted,

0.13%
Use of Money
& Properrty,

17.41%
TOT & Business Licence Tax,

4.79%
Other, 6.46%
Revenues by Source - Governmental Activities

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-10-
Governmental Activities
Total Cost Net Cost
of Services of Services
2025 2025
General government 12,190,340 $ 11,230,083 $
Public safety 9,385,423 8,551,899 Community development 6,989,260 4,252,180 Parks and recreation 10,350,089 8,210,092
Public works 10,029,538 8,033,279
Interest on long-term debt 370,834 370,834 Totals $ 40,648,367 49,315,484 $ The net cost of services indicates that the overall cost of government is significantly more than the revenues generated to support it. The City is not fully recovering the cost of these services with program revenues from user fees and other contributions. See the Statement of Activities for further detail on program revenues and general revenues.

FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS
The City of San Dimas uses fund accounting to ensure and demonstrate compliance with financerelated legal requirements.

Governmental Funds. The focus of the City of San Dimas’ governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City of San Dimas’ financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year.

As of the end of the current fiscal year, the City of San Dimas’ total governmental funds reported combined ending fund balance of $81,495,622, an increase of $2,451,756 in comparison with the prior year as noted on the Balance Sheet Governmental Funds.

The General Fund is the chief operating fund of the City of San Dimas. At the end of the current fiscal year, excluding transfers, the General Fund (Fund 01 & Fund 70) had excess revenues over expenditures of $8,459,777 (see the Statement of Revenues, Expenditures and Changes in Fund Balance). This is offset by a net transfer of $(138,541) out of the General Fund to support other fund activity, and proceeds from issuance of SBITAs and leases of $100,210 for a net change in the General Fund balance of $8,421,446. Most of the funds transferred out of the General Fund were for capital projects to improve our major roads and park amenities as well as equipment purchases to modernize our vehicle fleet. Additional assignments of fund balance were approved by the City Council to fund future improvements in relation to the Downtown Specific Plan in the amount of $3,400,000.

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-11-
General Fund Budgetary Highlights
The Budgetary Comparison Schedule by Department for the General Fund will detail the final budget for appropriations in the General Fund (Fund 01, 70 & Fund 100) at year-end was $37,770,626. The actual appropriations were $30,372,990 under budget by $5,397,636 for the fiscal year including transfers out. The majority of the budget variance is due to Capital projects and equipment purchases that were budgeted but not completed within the 2024-25 fiscal year.

Major projects and equipment being carried over include the City Hall Roof Repair as well as a large variety of fleet vehicles, as the City moves to modernize our fleet inventory. Budgeted costs for other general operating expenses came in under budget as well as a number of large expenditure line items related to grant funds and multi-year projects such as the safety element update, ADU standards update and online permitting will have their budgets carried over into the 2025-26 fiscal year. Additionally, large budgets for expenditures related to professional services were not utilized, the majority of which was related to a potential request for proposals for waste collection services which was not needed when terms were met for an extension with the current service provider.

The final budget for revenues in the General Fund (Fund 01, 070 & Fund 100) at year end was $33,965,450. The actual revenues were $38,794,436 over the budget by $4,828,986 for the fiscal year including transfers in. The main factor for the increase in revenue was due to interest revenues, which were predicted to see a larger drop in interest rates than was realized. The additional interest as well as a favorable fair market valuation adjustment generated 3.8 million of additional revenue over budget along with an additional $1,196,550 of taxes, licenses and fees over budget that was supported in part because of the recently adopted fee increases that drove the additional revenues. Sales tax revenues were a major revenue category that came in under budget by a little over $83,000 as sales tax revenues remained mostly flat when compared to the prior fiscal year.

- 5,000,000.00 10,000,000.00 15,000,000.00 20,000,000.00 25,000,000.00 Unassigned
Assigned to
Nonspendable
Change in General Fund Balance 2025 & 2024
General Fund Balance 2024 General Fund Balance 2025

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-12-
The most significant differences between estimated revenues and actual revenues were as follows:

Revenue Source Final Budget Revenues Actual Revenues Difference Use of Money & Property $1,650,569 $5,455,828 $3,805,259 Licenses and Permits $1,539,022 $1,995,045 $456,023
Taxes $23,789,171 $24,207,454 $418,283
Charges for Services $1,563,510 $1,885,754 $322,244
Capital Asset and Debt Administration
Capital Assets. At the end of fiscal year 2024-25, the City of San Dimas had $59,859,586 invested in a broad range of capital assets, including land, buildings, infrastructure, equipment and right to use assets. This amount represents a net increase of $3,348,606 over last year. The increase was mainly due to completion of a major road replacement project on Covina Boulevard as well as upgrades at the Horsethief Canyon Park soccer field turf, lighting and fencing as well as a number of vehicle replacement purchases were made to update the current fleet at the City Yard.

Capital Assets
(Net of Depreciation/Amortization)
Governmental
Activities
2025 2024
Land 13,191,817 $ 13,191,817 $
Buildings and Structures 8,224,654 9,185,579
Improvements Other Than Buildings 4,432,594 4,090,191
Construction in Progress 4,735,888 1,887,071
Furniture and Equipment 1,807,138 1,300,341
Infrastructure 27,258,982 26,591,432 Right-to-use leases 62,799 7,876 Right-to-use subscriptions 145,714 256,673 Totals $ 56,510,980 59,859,586 $ The City’s Capital Improvement Plan includes expenditures for street improvements, street reconstructions, miscellaneous storm drain improvements, and recreation facilities. Funding will come from current fund balance, projected revenues, and grants. More detailed information about the City’s capital assets is presented in Note 1 and Note 4 to the financial statements.

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-13-
Right to Use Assets. As part of the GASB 87 which went into effect in the 2021-22 fiscal year, long term leases are now being displayed on the financial statements. The $62,799 represents the total remaining lease value less accumulated amortization. As part of the GASB 96 which went into effect in the 2022-23 fiscal year, long term subscriptions are now being displayed on the financial statements. The $145,714 represents the total remaining subscription value less accumulated amortization.

Long-term Liabilities. At the end of the current fiscal year, the City of San Dimas had total bonded debt outstanding for the Civic Center Facilities, San Dimas Public Financing Authority, Housing Authority, accrued employee’s benefits for compensated absences, subscription liability, lease liability and accrued pension and OPEB liability in the amount of $20,685,367.

More detailed information about the City’s long-term liabilities is presented in Notes 11 to the financial statements.

The major factor for the City of San Dimas’ and Successor Agency’s total debt decrease is repayments of debt during the fiscal year. The City of San Dimas maintains an “AA-” rating from Standard & Poor’s and Fitch for general obligation debt.

State statutes limit the amount of general obligation debt a governmental entity may issue to 10 percent of its total assessed valuation. The current debt limitation for the City of San Dimas is $2,237,005,472.

City Financial Outlook: Budget and Economic Considerations for Next Year Purpose of the Budget
Our City's budget is more than just numbers—it's a plan that ensures we use our resources efficiently and effectively, prioritizing our most important goals. The City Council shapes our community's direction and priorities through this budget, carefully allocating our financial resources.

Forecasting Our Finances
The 2025-26 budget projections are crafted using economic trends and forecasts specific to our area. These estimates, informed by state agencies, the Los Angeles County Assessor’s Office, and consulting services provided by companies such as HDL help us predict our income from various sources like property, sales, TOT and Business License Taxes.

During the 2024-25 fiscal year, our General Fund saw a notable increase of $8,421,446. $3,400,000 was generated from the exchange of funds between Proposition A monies and the General Fund to help support the implementation of the Downtown Specific Plan. The additional $5,021,446 is a mix of much higher than anticipated interest income as well as $1,545,361 of expenditures that will be carried over into the next fiscal year. Permit revenues from a major business development as well as salary savings from vacancies also attributed to this surplus.

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-14-
Going forward the City is fully staffed heading into the 2025-26 fiscal year and interest rates on investments have declined approximately 1% since the beginning of the 2024-25 fiscal year.

Interest rates will look to continue to decrease moderately over the course of the 2025-26 fiscal year which will result in decreased interest revenues. Some major housing developments have been approved that will generate additional permit and property tax revenues, but construction may or may not take place within the 2025-26 fiscal year making it uncertain if permit revenues will come in at the levels we experienced in the 2024-2025 fiscal year.

Future Financial Conditions and Key Fiscal Risks
As the City looks ahead to fiscal years 2025-26 and beyond, several financial factors will influence the City’s ability to sustain high-quality public services while maintaining long-term fiscal stability.

These considerations include:

1. Slowing Revenue Growth – Property tax growth is expected to moderate, and sales tax revenues are projected to remain flat due to shifting consumer spending patterns and the continued volatility in auto sales, a key local tax driver.

2. Declining Interest Earnings – Interest revenue was a major contributor to the FY 2024-25 surplus. However, declining interest rates are expected to reduce earnings by approximately 1%, creating downward pressure on General Fund revenues.

7. State and Regional Mandates – Housing, environmental compliance, stormwater regulations, and other mandates may increase operational and capital costs without providing stable funding sources.

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City of San Dimas
Management’s Discussion and Analysis
For the Year Ended June 30, 2025
-15-
Despite these challenges, the City maintains substantial General Fund reserves and its net position is as high as its ever been. The City continues to utilize its financial resources to invest strategically in infrastructure, and is actively exploring opportunities to diversify revenue streams, utilize computer software programs, third parties and AI to modernize our processes to be more efficient in order to enhance the Cities long-term fiscal sustainability and to maintain our service offerings that are so vital to our residents.

Request for Information
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors with a general overview of the City’s finances and to show the City’s accountability for the money it receives. If you have any questions about this report or need additional information, contact the City’s Administrative Services Department, Finance Division, at City of San Dimas
245 East Bonita Avenue
San Dimas, California 91773
(909) 394-6225.

Page 141 ends

City of San Dimas
Statement of Net Position
June 30, 2025
The accompanying notes are an integral part of these financial statements. -16-
Governmental
Activities
ASSETS
Cash and investments 81,492,029 $
Receivables:

Accounts 601,523 Taxes 2,436,758 Notes and loans 556,566 Accrued interest 365,951
Grants 1,061,406 Lease 2,260,796
Due from other entities 163,164 Restricted assets:

Cash and investments with fiscal agent 1,079,627
Due from Successor Agency 10,083,058 Capital assets not being depreciated/amortized 17,927,705 Capital assets, net of depreciation/amortization 41,931,881 Total Assets 159,960,464 DEFERRED OUTFLOWS OF RESOURCES Deferred pension related items 5,911,450 Deferred OPEB related items 322,276 Total Deferred Outflows of Resources 6,233,726

LIABILITIES
Accounts payable 3,336,452
Accrued liabilities 305,501 Accrued interest 4,462 Deposits payable 1,253,074 Unearned revenue 1,152,912 Total OPEB liability 46,374 Noncurrent liabilities:

Compensated absences - due within one year 756,089 Long-term debt - due within one year 603,651 Compensated absences - due more in than one year 952,400 Long-term debt - due in more than one year 75,757 Net pension liability 15,987,517 Total OPEB liability 2,263,579 Total Liabilities 26,737,768

DEFERRED INFLOWS OF RESOURCES
Deferred lease related items 2,202,447 Deferred pension related items 1,856,018 Deferred OPEB related items 787,686 Total Deferred Inflows of Resources 4,846,151

NET POSITION
Net investment in capital assets 59,180,178 Restricted for:

Public safety 320,136 Parks and recreation 374,676
Public works 25,705,252 Housing 7,391,263 Unrestricted 41,638,766 Total Net Position 134,610,271 $

Page 142 ends

City of San Dimas
Statement of Activities
For the Year Ended June 30, 2025
The accompanying notes are an integral part of these financial statements. -17-
Net
(Expenses)
Revenues and
Change in Net
Program Revenues Position
Operating Capital
Functions/Programs Charges for Contributions Contributions Governmental Primary Government: Expenses Services and Grants and Grants Activities Governmental Activities
General government 12,190,340 $ 384,126 $ 576,131 $ - $ (11,230,083) $ Public safety 9,385,423 544,956 288,568 - (8,551,899) Community development 6,989,260 2,008,734 728,346 - (4,252,180) Parks and recreation 10,350,089 1,347,423 792,574 - (8,210,092) Public works 10,029,538 258,042 1,425,387 312,830 (8,033,279) Interest on long-term debt 370,834 - - - (370,834) Total Governmental Activities 49,315,484 4,543,281 3,811,006 312,830 (40,648,367) Total Primary Government 49,315,484 $ 4,543,281 $ 3,811,006 $ 312,830 $ (40,648,367) General Revenues Taxes
Property taxes, levied for general purpose 13,370,119 Transient occupancy taxes 1,815,534 Sales taxes 11,523,319 Franchise taxes 2,878,168
Business licenses tax 723,313 Other taxes 1,294,588
Motor vehicle in lieu - unrestricted 68,617 Use of money and property 9,224,957 Other revenues 3,420,904
Total General Revenues 44,319,519 Change in Net Position 3,671,152 Net Position at Beginning of Year 130,939,119 Net Position at End of Year 134,610,271 $

Page 143 ends

City of San Dimas
Balance Sheet
Governmental Funds
June 30, 2025
The accompanying notes are an integral part of these financial statements. -18-
Special Revenue Funds
Golf Course Nonmajor Total
Maintenance Governmental Governmental
General and Operation Funds Funds
ASSETS
Cash and investments 45,510,403 $ 2,104,936 $ 33,876,690 $ 81,492,029 $ Receivables:

Accounts 315,495 87,312 198,716 601,523 Taxes 2,298,726 - 138,032 2,436,758 Notes and loans 339,748 - 216,818 556,566 Accrued interest 363,682 2,269 - 365,951 Grants 17,378 - 1,044,028 1,061,406 Lease 12,090 2,248,706 - 2,260,796 Due from other funds 125,968 - - 125,968 Due from other entities 163,164 - - 163,164 Advances to other funds 6,991,171 - - 6,991,171 Cash and investments with fiscal agents - - 1,079,627 1,079,627 Due from Successor Agency 10,083,058 - - 10,083,058 Total Assets 66,220,883 $ 4,443,223 $ 36,553,911 $ 107,218,017 $

LIABILITIES, DEFERRED INFLOWS OF

RESOURCES AND FUND BALANCES
Liabilities:

Accounts payable 2,110,643 $ 5,177 $ 1,220,632 $ 3,336,452 $ Accrued liabilities 293,332 - 12,169 305,501 Deposits payable 1,251,221 - 1,853 1,253,074 Due to other funds - - 125,968 125,968 Advances from other funds - 6,991,171 - 6,991,171 Unearned revenues - - 1,152,912 1,152,912 Total Liabilities 3,655,196 6,996,348 2,513,534 13,165,078 Deferred Inflows of Resources:

Unavailable revenues 9,157,714 - 1,197,156 10,354,870 Lease related 11,809 2,190,638 - 2,202,447 Total Deferred Inflows of Resources 9,169,523 2,190,638 1,197,156 12,557,317 Fund Balance (Deficit):

Nonspendable:

Due from Successor Agency 8,700,733 - - 8,700,733 Restricted for:

Public safety - - 320,136 320,136 Parks and recreation - - 374,676 374,676 Public works - - 25,302,974 25,302,974 Housing - - 6,825,010 6,825,010 Committed to:

Parks and recreation - - 126,815 126,815 Public works - - 29,791 29,791 Assigned to:

Risk management 2,036,592 - - 2,036,592 Emergency 1,000,000 - - 1,000,000 New equipment 751,747 - - 751,747 General plan update 3,000,000 - - 3,000,000 Other Post-Employment Benefits 2,300,000 - - 2,300,000 Compensated absences 1,500,000 - - 1,500,000
Downtown Specific Plan 3,400,000 - - 3,400,000
Capital Assets Replacement 8,538,456 - - 8,538,456
Unassigned 22,168,636 (4,743,763) (136,181) 17,288,692 Total Fund Balances 53,396,164 (4,743,763) 32,843,221 81,495,622 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances 66,220,883 $ 4,443,223 $ 36,553,911 $ 107,218,017 $

Page 144 ends

City of San Dimas
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position
June 30, 2025
The accompanying notes are an integral part of these financial statements. -19-
Fund balances of governmental funds 81,495,622 $
Amounts reported for governmental activities in the statement of net position are different because:

Capital assets, net of depreciation/amortization, have not been included as financial resources in governmental fund activity. 59,859,586 Deferred outflow of resources reported are:

Pension related items:

Differences between Expected and Actual Experience 1,382,267 $ Net Difference between Projected and Actual Earnings on Pension Plan Investments 920,382 Change in employer's proportion and differences between the employer's contributions and the employer's proportionate share of contributions 286,516 Adjustment due to Differences in Proportions 356,339
Changes of Assumptions 410,912
Contributions made subsequent to measurement date 2,555,034 5,911,450 OPEB related items:

Changes of Assumptions 117,849 Difference between expected and actual experience 159,043 Contributions made subsequent to measurement date 45,384 322,276 Long-term debt, compensated absences, net pension liability and total other post employment liability that have not been included in the governmental fund activity:

Bonds payable (482,400) Lease liabilities (63,806) Subscription liability (133,202) Compensated Absences (1,708,489) Net Pension Liability (15,987,517) Total OPEB Liability (2,309,953) Accrued interest payable for the current portion of interest due on bonds has not been reported in the governmental funds. (4,462) Deferred inflow of resources reported are:

Pension related items:

Differences between Expected & Actual Experience (53,935) Adjustment due to Differences in Proportions (198,985) Change in employer's proportion and differences between the employer's contributions and the employer's proportionate share of contributions (1,603,098) (1,856,018) OPEB related items:

Changes of Assumptions (501,942) Differences between Expected & Actual Experience (285,744) (787,686) Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the intergovernmental revenues in the governmental fund activity. 10,354,870 Net Position of Governmental Activities 134,610,271 $

Page 145 ends

City of San Dimas
Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2025
The accompanying notes are an integral part of these financial statements. -20-
Special Revenue Funds
Golf Course Nonmajor Total
Maintenance Governmental Governmental
General and Operation Funds Funds

REVENUES
Taxes 24,207,454 $ - $ 7,471,782 $ 31,679,236 $
Licenses and permits 1,995,045 - - 1,995,045
Intergovernmental 269,208 - 2,396,256 2,665,464
Charges for services 1,885,754 - 87,208 1,972,962
Use of money and property 5,455,828 904,262 4,163,230 10,523,320 Fines and forfeitures 527,286 - - 527,286 Miscellaneous 3,951,651 406,766 41,707 4,400,124 Total Revenues 38,292,226 1,311,028 14,160,183 53,763,437 EXPENDITURES Current:

General government 7,097,872 - 4,522,087 11,619,959 Public safety 9,215,734 - 169,689 9,385,423 Community development 2,398,666 - 4,164,904 6,563,570 Parks and recreation 6,020,867 267,409 4,586,671 10,874,947 Public works 3,991,285 64,831 5,984,755 10,040,871 Capital outlay 950,211 - 970,079 1,920,290 Debt service:

Principal retirement 157,814 - 473,800 631,614
Interest and fiscal charges - 361,910 13,307 375,217
Total Expenditures 29,832,449 694,150 20,885,292 51,411,891 Excess (Deficiency) of Revenues Over (Under) Expenditures 8,459,777 616,878 (6,725,109) 2,351,546 OTHER FINANCING SOURCES (USES) Transfers in 402,000 - 540,541 942,541 Transfers out (540,541) - (402,000) (942,541) Lease acquisition 71,036 - - 71,036 Subscription acquisition 29,174 - - 29,174 Total Other Financing Sources (Uses) (38,331) - 138,541 100,210 Net Change in Fund Balances 8,421,446 616,878 (6,586,568) 2,451,756 Beginning of Year 44,974,718 (5,360,641) 39,429,789 79,043,866 End of Year 53,396,164 $ (4,743,763) $ 32,843,221 $ 81,495,622 $

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City of San Dimas
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the Year Ended June 30, 2025
The accompanying notes are an integral part of these financial statements. -21-
Net change in fund balances - total governmental funds 2,451,756 $ Amounts reported for governmental activities in the statement of activities are different because:

Governmental funds report capital outlays as expenditures. However, in the statement of activities, the costs of those assets is allocated over their estimated useful lives as depreciation expense. This is the amount by which depreciation exceeded capital outlays in the current period.

Capital additions 6,966,705 $
Depreciation (3,562,063) 3,404,642
Intangible right to use assets are reported as expenditures. However, in the statement of activities, the costs of those assets are allocated over their estimated useful lives as amortization expense. This is the amount of intangible assets and related amortization for the current period.

Intangible assets 100,210 Amortization (156,246) (56,036) Repayment of bond principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the statement of net position.

Principal repayments on lease revenue bonds 473,800 Subscription and lease acquisition (100,210) Principal repayments on lease/subscription liability 157,814 531,404 Accrued interest for long-term liabilities. This is the net change in accrued interest for the current period. 4,383 Compensated absences expenses report in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (123,771) Pension obligation expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (1,637,890) OPEB obligation expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (126,535) Revenues reported as unavailable revenue in the governmental funds and recognized in the statement of activities. These are included in the intergovernmental revenues in the governmental fund activity. (776,801) Change in Net Position of Governmental Activities 3,671,152 $

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City of San Dimas
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2025
The accompanying notes are an integral part of these financial statements. -22-
PrivatePurpose Trust
Fund Custodial Fund
Successor
Agency of the Walker House
Former RDA LLC
ASSETS
Cash and investments - $ 210,445 $
Land held for resale 2,118,502 - Due from other governments - 358,749 Total Assets 2,118,502 569,194 LIABILITIES
Accounts payable 6,091 17,333
Retention payable - 2,200
Deposits payable - 6,000
Due to other entities 163,164 Due in one year 719,577 - Due in more than one year 9,722,230 - Total Liabilities 10,611,062 25,533 NET POSITION (DEFICIT) Restricted for:

Other governments and other agencies (8,492,560) 543,661 Total Net Position (8,492,560) $ 543,661 $

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City of San Dimas
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Year Ended June 30, 2025
The accompanying notes are an integral part of these financial statements. -23-
PrivatePurpose Trust
Fund Custodial Fund
Successor
Agency of the Walker House
Former RDA LLC

ADDITIONS
Taxes 1,849,828 $ - $
Rental collection on behalf of other agencies - 100,991 Miscellaneous - 237 Total Additions 1,849,828 101,228 DEDUCTIONS Administrative expenses 50,018 - Contractual services 3,017,002 - Interest expense 64,095 - Payments to other agencies - 189,395 Total Deductions 3,131,115 189,395 Changes in Net Position (1,281,287) (88,167) Net Position (Deficit), Beginning of Year (7,211,273) 631,828 Net Position (Deficit), End of Year (8,492,560) $ 543,661 $

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-24-
I. SIGNIFICANT ACCOUNTING POLICIES
1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A) Description of the Reporting Entity
The City of San Dimas, California (“City”), was incorporated on August 4, 1960, under the laws of the State of California and enjoys all the rights and privileges applicable to a General Law City. It is governed by an elected five-member board. As required by accounting principles generally accepted in the United States of America, these financial statements present the City of San Dimas (the primary government) and its component units. The component units discussed below are included in the reporting entity because their governing boards are the same as that of the primary government and because of their operational or financial relationships with the City of San Dimas.

Blended component units
The San Dimas - La Verne Recreational Authority was created by a joint exercise of powers agreement between the cities of San Dimas and La Verne dated December 1, 1970. No separate financial statements are prepared.

The San Dimas Public Financing Authority was created by a joint exercise of powers agreement between the City of San Dimas and the former San Dimas Redevelopment Agency on April 23, 1996, to facilitate the issuance of bonds from the former Redevelopment Agency. No separate financial statements are prepared.

The San Dimas Public Facilities Financing Corporation was formed November 12, 1991. It is a nonprofit public benefit corporation, organized and existing under the laws of the State of California, authorized pursuant to Section 5140 of the Corporations Code, to assist the City in financing certain public facilities. No separate financial statements are prepared.

The San Dimas Housing Authority was formed on September 27, 1994, by Resolution No. 94-65. The authority was created in order to establish an entity that could own and operate low- and moderate-income housing facilities. Separate financial statements of the Authority are not prepared.

B) Government-Wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all the nonfiduciary activities of the primary government and its component units. All fiduciary activities are reported only in the fund financial statements. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities are normally supported by taxes and intergovernmental revenues. The primary government is reported separately from certain legally separate component units for which the primary government is financially accountable.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-25-
1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (continued)
B) Government-Wide and Fund Financial Statements, (continued) The statement of activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services or privileges provided by a given function or segment, and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not properly included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds and fiduciary funds even though the latter are excluded from the government-wide financial statements. The fiduciary funds are reported on the accrual basis of accounting. Major individual governmental funds are reported as separate columns in the fund financial statements.

C) Measurement Focus, Basis of Accounting and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days of the end of the current fiscal period, with the exception of grants which have availability period of 90 days. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due.

Property taxes, franchise taxes, licenses and interest associated with the current fiscal period are accrued and so have been recognized as revenues of the current fiscal period.

Only the portion of special assessments receivable due within the current fiscal period is accrued as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the government.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-26-
1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (continued)
C) Measurement Focus, Basis of Accounting and Financial Statement Presentation, (continued)
In the fund financial statements, fiduciary funds are presented using the accrual basis of accounting. Revenues are recognized when they are earned, and expenses are recognized when the related goods or services are delivered. In the fund financial statements, fiduciary funds are presented using the economic resources measurement focus. This means that all assets and all liabilities (whether current or non-current) associated with their activity are included on their balance sheets. Fiduciary fund type operating statements present increases (revenues) and decreases (expenses) in total net position.

The City reports the following major governmental funds:
 The General Fund is the City's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.
 The Golf Course Maintenance and Operation Fund accounts for the proceeds of the golf course activities that are restricted by law or administrative action to expenditures for specified purposes.
 Additionally, the City also reports the following fund types:

Special Revenue Fund – Account for taxes and other revenues, which are set aside for a specific purpose in accordance with law or administrative regulation.

Capital Projects Fund – Accounts for financial resources used for the acquisition or construction of major capital facilities.

Debt Service Fund – Accounts for the accumulation of resources for and the payment of principal and interest on general long-term debt.

The Private-Purpose Trust Fund – Accounts for the assets, liabilities, and net position of the former redevelopment agency and is allocated revenue to pay estimated installment payments of enforceable obligations until obligations of the former redevelopment agency are paid in full and assets have been liquidated.

The Custodial Fund – Accounts for receipts and expenditures of monies received from the repayment of principal and interest from the Successor Agency and to expenditures associated with the maintenance and operations of the Walker House.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-27-
1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (continued)
D) Assets, Deferred Outflows, Liabilities, Deferred Inflows, and Net Position or Equity

1. Deposits and Investments
The City's cash and cash equivalents are considered to be cash on hand, demand deposits and short-term investments with original maturities of three months or less from the date of acquisition.

Investments for the City, as well as for its component units, are reported at fair value.

The State Treasurer's Investment Pool operates in accordance with appropriate state laws and regulations. The reported value of the pool is the same as the fair value of the pool shares.

2. Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either "due to/from other funds" (i.e., the current portion of interfund loans) or "advances to/from other funds" (i.e., the non-current portion of interfund loans). All other outstanding balances between funds are reported as "due to/from other funds." Advances between funds, as reported in the fund financial statements, are offset by a fund balance non-spendable account in applicable governmental funds to indicate that they are not available for appropriation and are not expendable available financial resources.

All trade and property tax receivables are shown net of an allowance for un-collectibles.

Property tax revenue is recognized in the fiscal year for which the taxes have been levied providing they become available. Available means then due or past due and receivable within the current period and collected within the current period or expected to be collected soon enough thereafter (not to exceed 60 days), to be used to pay liabilities of the current period. The County of Los Angeles collects property taxes for the City. Tax liens attach annually on the first day in January proceeding the fiscal year for which the taxes are levied. The tax levy covers the fiscal period July 1 to June

30. All secured personal property taxes and one-half of the taxes on real property are due November 1; the second installment is due February 1.

All taxes are delinquent if unpaid on December 10 and April 10, respectively.

Unsecured personal property taxes become due on the first of March each year and are delinquent on August 31.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-28-
1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (continued)
D) Assets, Deferred Outflows, Liabilities, Deferred Inflows, and Net Position or Equity, (continued)

3. Inventories, Prepaid Items and Land Held for Resale
All inventories are valued at cost using the first-in/first-out (FIFO) method. Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased.

Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Land purchased for resale is capitalized as inventory at acquisition costs or net realizable value, if lower.

4. Policy for Eliminating Internal Activity in Government-Wide Statement of Activities
Administrative overhead charges are made to funds and programs and are thereby included in the direct expenses of those funds and programs.

5. Capital Assets
Capital assets which include property, plant, equipment and infrastructure assets (e.g., roads, bridges, sidewalks and similar items), are reported in the governmental activities’ column in the government-wide financial statements. Capital assets other than infrastructure assets are defined by the City as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of three years. Infrastructure assets have a capitalization threshold of $50,000. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value on the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Right-to-use lease and subscription assets are amortized over the life of the associated contract using the straight-line method.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-29-
1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (continued)
D) Assets, Deferred Outflows, Liabilities, Deferred Inflows, and Net Position or Equity, (continued)
Property, plant and equipment of the primary government, as well as the component units, are depreciated using the straight-line method over the following estimated useful lives:

Assets Years
Buildings and structures 10-25
Equipment 3-10
Improvements other than buildings 3-25

6. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The government has items that qualify for reporting in this category. The deferred outflows relating to the net pension obligation and related to OPEB are reported in the government-wide statement of net position. These outflows are the results of either the contributions made subsequent to the measurement period, which are expensed in the following year, differences between expected and actual experiences, adjustments due to differences in proportion, the difference between actual contributions made and the proportionate share of the risk pool’s total contributions, net difference between projected and actual earnings on plan investments or change in assumptions.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The government has one item, which arises only under a modified accrual basis of accounting that qualifies for reporting in this category.

Accordingly, the item, unavailable revenue, is reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from taxes, grant revenues, and deferred loans. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. In addition, the government has items that qualify for reporting in this category which are deferred inflows relating to the deferred inflows relating to the net pension obligation and related to OPEB reported in the government-wide statement of net position. These inflows are the result of either the net difference between projected and actual earnings on plan investments, adjustments due to differences in proportion, differences between expected and actual experiences, changes in assumptions or the difference between actual contributions made and the proportionate share of the risk pool’s total contributions.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-30-
1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (continued)
D) Assets, Deferred Outflows, Liabilities, Deferred Inflows, and Net Position or Equity, (continued)
Gains and losses related to changes in net pension liability and fiduciary net position are recognized in pension expense systematically over time. Amounts are first recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB or pension and are to be recognized in future OPEB and pension expense. In addition, deferred inflow related to leases are reported in the governmental funds and the government-wide statements.

7. Compensated Absences
It is the City's policy to permit employees to accumulate earned but unused vacation and sick pay benefits. Vacation pay is payable to employees at the time a vacation is taken or upon termination of employment. Normally an employee cannot accrue more than two and one-half times their regular annual entitlement.

Sick leave is payable when an employee is unable to work because of illness. Except for retirement, unused sick leave is forfeited upon termination. Upon retirement an employee will be paid for any unused sick leave up to the first 100 hours at full pay and the remainder will be paid at a 50% rate.

All vacation and sick leave pay is accrued when incurred in the government-wide statements.

8. Net Pension Liability
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the Plan and additions to/deductions from the Plan’s fiduciary net position have been determined on the same basis. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms.

Investments are reported at fair value.

Generally accepted accounting principles requires that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used.

Valuation Date June 30, 2023
Measurement Date June 30, 2024
Measurement Period July 01, 2023 to June 30, 2024

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-31-
1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (continued)
D) Assets, Deferred Outflows, Liabilities, Deferred Inflows, and Net Position or Equity, (continued)

9. Other Post-Employment Benefits (OPEB)
For purposes of measuring the total OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, have been determined by an independent actuary.

For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value. Typically, the general fund is used to liquidate the total OPEB liability.

Generally accepted accounting principles require that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used:

Valuation Date June 30, 2023
Measurement Date June 30, 2024
Measurement Period July 1, 2023 to June 30, 2024

10. Long-Term Obligations
In the government-wide financial statements, long-term debt and other long-term obligations are reported as liabilities in the governmental activities Statement of Net Position.

In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

11. Fund Balance
In the fund financial statements, government funds report the following fund balance classification:

Non-spendable includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-32-
1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (continued)
D) Assets, Deferred Outflows, Liabilities, Deferred Inflows, and Net Position or Equity, (continued)
Restricted includes amounts that are constrained on the use of resources by either (a) external creditors, grantors, contributors, or laws and regulations of other governments or (b) by law through constitutional provisions or enabling legislation.

Committed includes amounts that can only be used for specific purposes pursuant to constraints imposed by formal action of the City’s highest authority, the City Council.

The formal action that is required to be taken to establish, modify, or rescind a fund balance commitment is through a resolution or ordinance.

Assigned includes amounts that are constrained by the City’s intent to be used for specific purposes but are neither restricted nor committed. The City Manager, Assistant City Manager and/or Administrative Services Director are authorized to assign amounts to a specific purpose, which was established by the governing body in a Council action in fiscal year 2020-21.

Unassigned includes the residual amounts that have not been restricted, committed, or assigned to specific purposes.

An individual governmental fund could include non-spendable resources and amounts that are restricted or unrestricted (assigned or unassigned) or any combination of those classifications. Restricted amounts are to be considered spent when an expenditure is incurred for purposes for which both restricted and unrestricted fund balance is available. Committed, assigned and unassigned amounts are considered to have been spent when an expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications can be used.

Additionally, only the general fund can report a positive unassigned fund balance amount. In other governmental funds it is not appropriate to report a positive unassigned fund balance amount. However, in governmental funds other than the general fund, if expenditures incurred for specific purposes exceed the amounts that are restricted, committed, or assigned to those purposes, it may be necessary to report a negative unassigned fund balance in that fund.

12. Net Position Flow Assumption
Sometimes the City will fund outlays for a particular purpose from both restricted (e.g., restricted bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as restricted – net position and unrestricted – net position in the government-wide and proprietary fund financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted – net position to have been depleted before unrestricted – net position is applied.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-33-
1) ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, (continued)
D) Assets, Deferred Outflows, Liabilities, Deferred Inflows, and Net Position or Equity, (continued)

13. Fund Balance Flow Assumption
Sometimes the City will fund outlays for a particular purpose from both restricted and unrestricted resources (the total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the City’s policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.

14. New Accounting Pronouncements
During the fiscal year ended June 30, 2025, the City implemented the following GASB standard:

GASB Statement No. 101 – Compensated Absences: The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences.

The remainder of the page was intentionally left blank

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-34-
II. DETAILED NOTES ON ALL FUNDS
2) CASH AND INVESTMENTS
As of June 30, 2025, cash and investments were reported in the accompanying financial statements as follows:

Statement of net position:

Cash and investments 81,492,029 $
Cash and investments with fiscal agent 1,079,627 Statement of fiduciary net position:

Cash and investments 210,445 Total Cash and Investments 82,782,101 $ The City of San Dimas maintains a cash and investment pool that is available for use for all funds. Each fund type's position in the pool is reported on the combined balance sheet as cash and investments. The City has adopted an investment policy which authorizes it to invest in various investments.

Deposits
At June 30, 2025, cash and investments consist of the following:

Demand Deposits:

Petty cash on hand 2,640 $
Financial institutions 1,327,423 Total Demand Deposits 1,330,063 Investments:

Investments 80,372,411 Restricted investments 1,079,627 Total Investments 81,452,038 Total Cash and Investments 82,782,101 $

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-35-
2) CASH AND INVESTMENTS, (continued)
The California Government Code requires California banks and savings and loan associations to secure a City’s deposits by pledging government securities with a value of 110% of a City’s deposits. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of a City's total deposits. The City Treasurer may waive the collateral requirement for deposits which are fully insured up to $250,000 by the FDIC. The collateral for deposits in federal and statechartered banks is held in safekeeping by an authorized Agent of Depository recognized by the State of California Department of Banking. The collateral for deposits with savings and loan associations is generally held in safekeeping by the Federal Home Loan Bank in San Francisco, California as an Agent of Depository. These securities are physically held in an undivided pool for all California public agency depositors. Under Government Code Section 53655, the placement of securities by a bank or savings and loan association with an "Agent of Depository" has the effect of perfecting the security interest in the name of the local governmental agency. Accordingly, all collateral held by California Agents of Depository are considered to be held for, and in the name of, the local governmental agency.

Investments
Under provision of the City’s investment policy and in accordance with the California Government Code, the following investments are authorized:
 U.S. Treasury Securities
 Federal Agency and U.S. Government-Sponsored Enterprise Obligations  Medium Term Notes
 Corporate Bonds
 Commercial Paper
 Time Deposits (including non-negotiable Certificates of Deposit)  Negotiable Certificates of Deposit
 Bankers’ Acceptances
 Local Agency Investment Fund (LAIF)
 Los Angeles County Investment Pool (LACIP)
 Cal Trust
 Shares of Beneficial Interest issued by a Joint Powers Authority  Repurchase Agreements
 Mutual Funds
 Money Market Mutual Funds
 U.S. Supranational Securities
 Municipal Bonds.

Investments Authorized by Debt Agreements
The above investments do not address investment of debt proceeds held by a bond trustee.

Investments of debt proceeds held by a bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-36-
2) CASH AND INVESTMENTS, (continued)
Investments in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. LAIF is overseen by the Local Agency Investment Advisory Board, which consists of five members in accordance with State statute. The State Treasurer's Office audits the fund annually. The fair value of the position in the investment pool is the same as the value of the pool shares.

Fair Value of Investments
Generally accepted accounting principles establishes fair value standards for investments in participating interest earning investment contracts, external investment pools, equity securities, option contracts, stock warrants and stock rights that have readily determinable fair values. Accordingly, the City reports its investments at fair value in the balance sheet.

All investment income including changes in the fair value of investments is recognized as revenue in the operating statement.

Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. The City’s investment policy does not limit investments in Federal Agency Securities and Treasury Obligations to ratings issued by nationally recognized statistical rating organizations. Presented below are the City’s investments and the actual rating as of fiscal year end for each investment type:

AAA - AA- A+ - BBB+ Unrated Total
Certificates of Deposit - $ - $ 20,492,390 $ 20,492,390 $ Local Agency Investment Fund - - 9,015,038 9,015,038 Money Market Funds - - 4,293,576 4,293,576 Corporate Bond 3,240,567 3,863,887 - 7,104,454
U.S. Treasury Obligations - - 83,434 83,434 GSE Agency Bonds 5,685,640 - 9,428,976 15,114,616 Commercial Bonds 1,205,569 896,818 - 2,102,387 Asset–Backed Securities - - 1,884,264 1,884,264 Government Related - - 951,298 951,298
Investment Grade corporates - - 3,061,674 3,061,674 STIF Funds - - 2,352,783 2,352,783 Municipal Bonds 2,875,726 - - 2,875,726
Treasury Bonds - - 12,120,398 12,120,398 Total 13,007,502 $ 4,760,705 $ 63,683,831 $ 81,452,038 $ Investment ratings at year end

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-37-
2) CASH AND INVESTMENTS, (continued)
Custodial Credit Risk
The custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of an outside party.

The City Treasurer may waive the collateral requirement for deposits that are fully insured up to $250,000 by the FDIC.

Concentration of Credit Risk
The City’s investment policy imposes restrictions on the percentage that the City can invest in certain types of investments. As of June 30, 2025, in accordance with GASB No. 40 disclosure requirements, the City has not invested more than 5% of its total investments in any one issuer. Investments guaranteed by the U.S. government and investments in mutual funds and external investment pools are excluded from this requirement.

Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value is to changes in market interest rates. Information about the sensitivity of the fair values of the City's investments to market interest rate fluctuations is provided by the following table that shows the distribution of the City's investments by maturity:

As of June 30, 2025, the City had the following investments and maturities:

Remaining Investment Maturities
1 year or less 1 to 3 years 3 to 5 years Total
Certificates of Deposit 5,188,782 $ 10,062,351 $ 5,241,257 $ 20,492,390 $ Local Agency Investment Fund 9,015,038 - - 9,015,038 Money Market Funds 3,213,949 - - 3,213,949 Corporate Bond 1,557,571 2,164,621 3,382,262 7,104,454
U.S. Treasury Obligations 83,434 - - 83,434 GSE Agency Bonds 1,457,291 1,573,857 12,083,468 15,114,616 Commercial Bonds - 487,803 1,614,584 2,102,387 Asset–Backed Securities 1,884,264 - - 1,884,264 Government Related 951,298 - - 951,298
Investment Grade corporates 3,061,674 - - 3,061,674 STIF Funds 2,352,783 - - 2,352,783 Municipal Bonds - 242,522 2,633,204 2,875,726
Treasury Bonds 12,120,398 - - 12,120,398 Cash with Fiscal Agents Money Market Mutual Funds 1,079,627 - - 1,079,627 Total 41,966,109 $ 14,531,154 $ 24,954,775 $ 81,452,038 $

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-38-
2) CASH AND INVESTMENTS, (continued)
Fair Value Hierarchy
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. The City has the following recurring fair value measurements as of June 30, 2025:

Level
Investment by Fair Value Level Totals 1 2 3
Certificates of Deposit 20,492,390 $ - $ 20,492,390 $ - $ Corporate Bond 7,104,454 - 7,104,454 - U.S. Treasury Obligations 83,434 - 83,434 - GSE Agency Bonds 15,114,616 - 15,114,616 - Commercial Bonds 2,102,387 - 2,102,387 - Asset–Backed Securities 1,884,264 - 1,884,264 - Government Related 951,298 - 951,298 - Investment Grade corporates 3,061,674 - 3,061,674 - STIF Funds 2,352,783 - 2,352,783 - Municipal Bonds 2,875,726 - 2,875,726 Treasury Bonds 12,120,398 - 12,120,398 - Totals 68,143,424 - $ 68,143,424 $ - $ Not subject to the Fair Value Hierarchy:

Money Market Funds(1) 3,213,949
Local Agency Investment Fund(1) 9,015,038
Cash with Fiscal Agents
Money Market Mutual Funds(1) 1,079,627
Totals 13,308,614 Total Investments 81,452,038 $
(1)Investment uncategorized and not subject to hierarchy of input valuation techniques under GASB 72. 3) LEASE RECEIVABLE
The City has entered into leases as a Lessor for the use of a Golf Course, a Restaurant and the Sycamore Canyon Equestrian Center, which are operated by a property manager, for a period of 54 to 126 months. The initial lease receivables were recorded in the range between $106,281 to $2,833,265. The lessee is required to make monthly fixed payments in the range between $2,022 to $23,412. The leases have an interest rate in the range between 1.1770% to 1.3350%. The Building Improvements estimated useful life have a range between 54 to 126 months as of the contract commencement. The Golf Course and Restaurant have 2 extension options, each for 60 months.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-39-
3) LEASE RECEIVABLE, (continued)
Total lease receivable and deferred inflow of resources at June 30, 2025 were $2,260,796 and $2,202,447 respectively. The total lease receivable is as follows:

Year Ending Lease Receivable
June 30, Principal Interest Total
2026 345,479 $ 28,027 $ 373,506 $
2027 337,867 23,507 361,374 2028 342,405 18,969 361,374 2029 347,005 14,370 361,375
2030 351,666 9,709 361,375
2031 - 2032 536,374 5,687 542,061
Totals 2,260,796 $ 100,269 $ 2,361,065 $
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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-40-
4) CAPITAL ASSETS
Capital asset activity for the year ended June 30, 2025, was as follows:

Beginning Ending
Balance Transfers Additions Deletions Balance
Governmental Activities:

Capital assets, non-depreciable:

Land
City 6,435,446 $ - $ - $ - $ 6,435,446 $
Housing 6,756,371 - - - 6,756,371
- 13,191,817 - - 13,191,817 Construction-in-progress
City 1,887,071 (1,101,743) 3,950,560 - 4,735,888
(1,101,743) 1,887,071 3,950,560 - 4,735,888 Total Capital Assets, Non-Depreciable: 15,078,888 (1,101,743) 3,950,560 - 17,927,705 Capital assets, depreciable/amortizable:

Buildings and structures
City 25,764,035 - - - 25,764,035 Housing 3,082,114 - - - 3,082,114 Equipment City 6,022,868 123,826 1,024,719 274,362 6,897,051
Improvements other than buildings
City 17,186,828 12,739 693,223 61,868 17,830,922
Infrastructure
City 139,795,629 965,178 1,298,203 304,075 141,754,935
Right-to-use assets
City
Right-to-use leases 57,066 - 71,035 - 128,101 Right-to-use subscriptions 557,126 - 29,175 137,818 448,483 Total Capital Assets, Depreciable/amortizable: 192,465,666 1,101,743 3,116,355 778,123 195,905,641 Less accumulated depreciation/amortization:

Buildings and structures
City 17,036,136 - 914,183 - 17,950,319 Housing 2,624,434 - 46,742 - 2,671,176 Equipment City 4,722,527 - 641,748 274,362 5,089,913
Improvements other than buildings
City 13,096,637 - 363,559 61,868 13,398,328
Infrastructure
City 113,204,197 - 1,595,831 304,075 114,495,953
Right-to-use assets
City
Right-to-use leases 49,190 - 16,112 - 65,302 Right-to-use subscriptions 300,453 - 140,134 137,818 302,769 Total Accumulated Depreciation/Amortization 151,033,574 - 3,718,309 778,123 153,973,760 Total Capital Assets,
Depreciable/Amortizable, Net 41,432,092 1,101,743 (601,954) - 41,931,881 Governmental Activities Capital Assets, Net 56,510,980 $ - $ 3,348,606 $ - $ 59,859,586 $

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-41-
4) CAPITAL ASSETS, (continued)
Amortization/depreciation expense were charged to functions/programs of the primary government as follows:

Governmental Activities:

General government 199,920 $
Parks and recreation 2,031,339 Public works 1,487,050
Total Depreciation/Amortization Expense - Governmental Activities 3,718,309 $ 5) PENSION PLAN
General Information about the Pension Rate Plan
Plan Description
All qualified permanent and probationary employees are eligible to participate in the Public Agency Cost-Sharing Multiple-Employer Defined Benefit Pension Plan (Plan or PERF C) administered by the California Public Employees’ Retirement System (CalPERS.) The Plan consists of a miscellaneous pool and a safety pool (also referred to as “risk pools”), which are comprised of individual employer miscellaneous and safety rate plans, respectively.

Plan assets may be used to pay benefits for any employer rate plan of the safety and miscellaneous pools. Accordingly, rate plans within the safety or miscellaneous pools are not separate plans under generally accepted accounting principles. Individual employers may sponsor more than one rate plan in the miscellaneous or safety risk pools. The City participates in two rate plans (two miscellaneous). Benefit provisions under the Plan are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plan regarding benefit provisions, assumptions and membership information that can be found on the CalPERS’ website, at www.calpers.ca.gov.

Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 5 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-42-
5) PENSION PLAN, (continued)
The Plan operates under the provisions of the California Public Employees’ Retirement Law (PERL), the California Public Employees’ Pension Reform Act of 2013 (PEPRA), and the regulations, procedures and policies adopted by the CalPERS Board of Administration. The Plan’s authority to establish and amend the benefit terms are set by the PERL and PEPRA, and may be amended by the California state legislature and in some cases require approval by the CalPERS Board.

The Plans’ provisions and benefits in effect at June 30, 2025, are summarized as follows:

PEPRA
Miscellaneous Miscellaneous
Rate Plan Rate Plan
Prior to On or after
Hire date January 1, 2013 January 1, 2013
Benefit formula 2.0% @ 55 2.0% @ 62
Benefit vesting schedule 5 years of service 5 years of service Benefit payments monthly for life monthly for life
Retirement age 50 - 55 52 - 67
Monthly benefits, as a % of eligible
compensation 1.426% - 2.418% 1.0% - 2.5%
Required employer contribution rates 11.88% 7.87%
Required employee contribution rates 7.00% 7.75%
Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate.

The total plan contributions are determined through CalPERS’ annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions.

Employer contributions to the Plan for the fiscal year ended June 30, 2025 were $2,555,034.

Net Pension Liability
The City’s net pension liability for the Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2024, using an annual actuarial valuation as of June 30, 2023 rolled forward to June 30, 2024 using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is as follows.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-43-
5) PENSION PLAN, (continued)
Actuarial Methods and Assumptions Used to Determine Total Pension Liability The collective total pension liability for the June 30, 2024 measurement period was determined by an actuarial valuation as of June 30, 2023, with update procedures used to roll forward the total pension liability to June 30, 2024. The collective total pension liability was based on the following assumptions:

Valuation Date June 30, 2023
Measurement Date June 30, 2024
Actuarial Cost Method Entry Age Actuarial Cost Method
Asset Valuation Method Fair Value of Assets
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Salary Increases Varies by Entry Age and Service
Mortality Rate Table (1) Derived using CalPERS' membership data for all funds Post Retirement Benefit
Increase
The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.30% thereafter.
(1) The mortality table used was developed based on CalPERS-specific data. The rates incorporate Generational Mortality to capture ongoing mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details, please refer to the 2021 experience study report from November 2021 that can be found on the CalPERS website.

Long-term Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a building-block method in which expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

In determining the long-term expected rate of return, CalPERS took into account both shortterm and long-term market return expectations. Using historical returns of all of the funds’ asset classes, expected compound (geometric) returns were calculated over the next 20 years using a building-block approach. The expected rate of return was then adjusted to account for assumed administrative expenses of 10 Basis points.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-44-
5) PENSION PLAN, (continued)
The expected real rates of return by asset class are as follows:

Asset Class
Assumed Asset
Allocation Real Return1,2
Global equity - cap-weighted 30.00% 4.54%
Global equity - non-cap-weighted 12.00% 3.84%
Private equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed securities 5.00% 0.50%
Investment grade corporates 10.00% 1.56%
High yield 5.00% 2.27%
Emerging market debt 5.00% 2.48%
Private debt 5.00% 3.57%
Real assets 15.00% 3.21%
Leverage (5.00%) (0.59%) 2
Figures are based on the 2021-22 Asset Liability Management study. 1 An expected inflation of 2.30% used for this period.

Discount Rate
The discount rate used to measure the total pension liability for PERF C was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members.

Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Subsequent Events
There were no subsequent events that would materially affect the results presented in this disclosure.

Pension Plan Fiduciary Net Position
Information about the pension plan’s assets, deferred outflows of resources, liabilities, deferred inflows of resources, and fiduciary net position are presented in CalPERS’ audited financial statements, which are publicly available reports that can be obtained at CalPERS’ website, at www.calpers.ca.gov. The plan’s fiduciary net position and additions to/deductions from the plan’s fiduciary net position have been determined on the same basis used by the pension plan, which is the economic resources measurement focus and the accrual basis of accounting. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan. Investments are reported at fair value.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-45-
5) PENSION PLAN, (continued)
Proportionate Share of Net Pension Liability
The following table shows the Plan’s proportionate share of the net pension liability over the measurement period.

Plan Total
Pension Liability
Plan Fiduciary
Net Position
Plan Net Pension
Liability
Balance at: 6/30/2023 (VD) 62,865,014 $ 46,254,536 $ 16,610,478 $ Balance at: 6/30/2024 (MD) 65,595,380 49,607,863 15,987,517 Net Changes during 2023-24 2,730,366 $ 3,353,327 $ (622,961) $ Increase (Decrease)
Valuation Date (VD), Measurement Date (MD).

The City’s proportion of the net pension liability was determined by CalPERS using the output from the Actuarial Valuation System and the fiduciary net position, as provided in the CalPERS Public Agency Cost-Sharing Allocation Methodology Report, which is a publicly available report that can be obtained at CalPERS’ website, at www.calpers.ca.gov. The City’s proportionate share of the net pension liability for the Miscellaneous Plan as of the June 30, 2023, and 2024 measurement dates was as follows:

Proportionate Share - June 30, 2023 0.332180%
Proportionate Share - June 30, 2024 0.330550%
Change - Increase (Decrease) -0.001630%
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate
The following presents the City’s proportionate share of the net pension liability of the Miscellaneous Plan as of the measurement date, calculated using the discount rate of 6.9 percent, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.9 percent) or 1 percentage-point higher (7.9 percent) than the current rate:

Discount Rate - 1% Current Discount Rate Discount Rate + 1% (5.90%) (6.90%) (7.90%)
Plan's Net Pension Liability 24,838,983 $ 15,987,517 $ 8,701,458 $ Amortization of Deferred Outflows and Deferred Inflows of Resources Gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-46-
5) PENSION PLAN, (continued)
The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense.

The amortization period differs depending on the source of the gain or loss:

Net difference between
projected and actual earnings
on pension plan investments
5-year straight-line amortization
All other amounts Straight-line amortization over the expected average remaining service lives (EARSL) of all members that
are provided with benefits (active, inactive and
retired) as of the beginning of the measurement
period
Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions
As of the start of the measurement period (July 1, 2023), the City’s net pension liability was $16,610,478. For the measurement period ending June 30, 2024 (the measurement date), the City recognized pension expense of $3,307,365.

As of June 30, 2025, the City has deferred outflows and deferred inflows of resources related to pensions as follows:

Deferred Outflows Deferred Inflows
of Resources of Resources
Change in assumptions 410,912 $ - $
Difference between expected and actual experience 1,382,267 (53,935) Net difference between projected and actual earnings on pension plan investments 920,382 - Change in employer's proportion and differences between the employer's contributions and the
employer's proportionate share of contributions 286,516 (1,603,098) Adjustment due to differences in proportions 356,339 (198,985) Pension contributions subsequent to measurement date 2,555,034 - Total 5,911,450 $ (1,856,018) $

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-47-
5) PENSION PLAN, (continued)
Contributions subsequent to the measurement date of $2,555,034 reported with deferred outflows of resources will be recognized as a reduction of the net pension liability in the upcoming fiscal year. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

Year Ended Deferred Outflows/
June 30, (Inflows) of Resources
2026 733,092 $
2027 1,647,527 2028 (330,403) 2029 (549,818)
2030 - Thereafter -
Payable to the Pension Plan
At June 30, 2025, the City reported a payable of $0 for the outstanding amount of contributions to the pension plan required for the year then ended. 6) OTHER POST-EMPLOYMENT BENEFITS (OPEB)
Plan Description
The City has a single-employer plan which it provides the minimum required employer contribution under the CalPERS Health Plan (HC Plan) for eligible retirees and surviving spouses in receipt of a pension benefit from CalPERS. An employee is eligible for this employer contribution provided they are vested in their CalPERS pension benefit and commence payment of their pension benefit within 120 days of retirement with the City.

Vesting requires at least 5 years of CalPERS total service. The surviving spouse of an eligible retiree who elected spouse coverage under CalPERS is eligible for the employer contribution upon the death of the retiree.

The City does not issue any financial report for the HC plan. A separate financial report is not prepared for the plan.

The minimum required employer contributions are statutorily set under PEMHCA and is scheduled to increase in the future based on the medical portion of CPI. Minimum required employer contributions for the calendar years 2024 and 2025 were $157 and $158, respectively. There are no assets accumulated in a qualifying trust to pay related benefits.

The City participates in the CalPERS Health Program, a community-rated program for its medical coverage.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-48-
6) OTHER POST-EMPLOYMENT BENEFITS (OPEB), (continued)
Employees Covered
As of the June 30, 2023 actuarial valuation, the following current and former employees were covered by the benefit terms under the Plan:

Active 83
Inactive employees or beneficiaries currently receiving benefits 25 108
Contributions
The HC Plan and its contribution requirements are established by the City's Personnel Rules and Regulations which is reviewed by the employees and adopted by the City Council. The Personnel Rules and Regulations may be amended by City Council. The City utilizes the Public Employees' Medical and Hospital Care Act (PEMHCA) minimum contribution limits to contribute to retirees health care. The annual contribution is based on the actuarially determined contribution. For the fiscal year ended June 30, 2025 (measurement date June 30, 2024), the City’s cash contributions were $46,200 and recognized as a reduction to the OPEB liability.

Total OPEB Liability
The City’s Total OPEB liability was measured as of June 30, 2024, and the total OPEB liability used to calculate the total OPEB liability was determined by an actuarial valuation dated June 30, 2023, based on the following actuarial methods and assumptions.

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-49-
6) OTHER POST-EMPLOYMENT BENEFITS (OPEB), (continued)
Discount Rate
When an entity finances retiree benefits on a pay-as-you-go basis, GASB Statement No. 75 requires the use of a discount rate equal to a 20-year high grade municipal bond rate.

The City intends to continue financing its OPEB liability on a pay-as-you-go basis.

Therefore, the City’s discount rate used in this valuation is based on the S&P Municipal Bond 20 Year High Grade Index. The index requires use of discount rates of 3.93% as of June 30, 2024, and 3.65% as of June 30, 2023. The discount rate used to measure the total OPEB liability was 3.93%. The projection of cash flows used to determine the discount rate assumed that City contributions will be made at rates equal to the actuarially determined contribution rates. The City does not participate in a trust fiduciary fund as the OPEB plan is unfunded and there are no assets.

Actuarial Assumptions June 30, 2024 Measurement Date
Actuarial Valuation Date June 30, 2023
Contribution Policy Pay-as-you-go funding
Actuarial Cost Method Entry Age Normal
Actuarial Assumptions
Discount Rate 3.93%
Inflation 2.50%
Salary Increases 2.75% per annum, in aggregate
Mortality, Retirement, Disability,
Termination
According to the rates under the 2021 CalPERS
Mortality for Miscellaneous and Schools Employees
Medical Trend 4.0% per year
Healthcare Participation 50% of eligible active employees are assumed to elect medical coverage at retirement.

Changes in the Total OPEB Liability
The changes in the Total OPEB liability for the HC Plan are as follows:

Total OPEB
Liability
Balance at June 30, 2024 (measurement date 6/30/2023) 2,261,530 $ Changes recognized over the measurement period:

Service Cost 146,578
Interest on the total OPEB liability 83,504 Employer Contributions (94,080) Changes in Assumptions (87,579) Net Changes 48,423 Balance at June 30, 2025 (measurement date 6/30/2024) 2,309,953 $

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-50-
6) OTHER POST-EMPLOYMENT BENEFITS (OPEB), (continued)
Sensitivity of the Total OPEB Liability to Changes in the Discount Rate The following presents the total OPEB liability of the City if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate, for measurement period ended June 30, 2024:

Current
1% Decrease Discount Rate 1% Increase
(2.93%) (3.93%) (4.93%)
Total OPEB Liability 2,637,677 $ 2,309,953 $ 2,045,707 $ Sensitivity of the Total OPEB Liability to Changes in the Health Care Cost Trend Rates The following presents the Total OPEB liability of the City if it were calculated using health care cost trend rates that are one percentage point lower or one percentage point higher than the current rate, for measurement period ended June 30, 2024:

Current
Healthcare
Cost
1% Decrease Trend Rates 1% Increase
Total OPEB Liability 1,954,359 $ 2,309,953 $ 2,756,777 $ OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB For the fiscal year ended June 30, 2025, the City recognized OPEB expense of $221,062.

As of fiscal year ended June 30, 2025, the City reported deferred outflows/inflows of resources related to OPEB from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Changes of assumptions 117,849 $ (501,942) $
Difference between expected and actual experience 159,043 (285,744) OPEB contributions subsequent to measurement date 45,384 - Total $ (787,686) 322,276 $

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City of San Dimas
Notes to Financial Statements
For the Fiscal Year Ended June 30, 2025
-51-
6) OTHER POST-EMPLOYMENT BENEFITS (OPEB), (concluded)
The $45,384 reported as deferred outflows of resources related to contributions subsequent to the June 30, 2024 measurement date will be recognized as a reduction of the Total OPEB liability during the fiscal year ending June 30, 2026. Other amounts reported as deferred outflows of resources related to OPEB will be recognized as expense as follows:

Year Ended Deferred Outflows/
June 30, (Inflows) of Resources
2026 (9,024) $
2027 (44,943) 2028 (71,080)
2029 (71,080)
2030 (71,080)
Thereafter (243,587)
7) LONG-TERM LIABILITIES
The following is a schedule of changes in long-term debt of the City for the fiscal year ended June 30, 2025:

Beginning Ending Due Within
Balance Additions Deletions Balance One Year
Direct Placements:
2020A MHP Housing Rev. Refunding Bonds 956,200 $ - $ 473,800 $ 482,400 $ 482,400 $ - 956,200 473,800 482,400 482,400 Direct Borrowing:

Lease Liability 7,320 71,036 14,550 63,806 15,551 Subscription Liability 247,292 29,174 143,264 133,202 105,700 Totals 1,210,812 $ 100,210 $ 631,614 $ 679,408 $ 603,651 $

A description of long-term debt outstanding as of June 30, 2025, follows:

Refunding – October 29, 2020
On October 29, 2020, the City of San Dimas Housing Authority placed a direct refinancing of $2,318,400 Mobile Home Park Revenue Refunding Bond (Charter Oak Mobile Home Estates Refunding Project), Series 2020A with the City National Bank to provide financing for the advance refunding of the City’s Mobile Home Park Revenue Bonds, Series 1998A.

The net savings and economic gain (loss) from this current refunding is $486,660.

The Series 2020A bonds mature annually through July 1, 2025, in amounts ranging from $440,100 to $482,400, with and interest rate of 1.850% over the term of the bonds.

The bonds are special limited obligations of the Authority, secured and payable from net operating revenues arising from the operation of the Project and Housing Set-Aside Revenues pledged by the Agency under the Housing Assistance Agreement dated as of June 1, 1998, by and between the Authority and the Agency.

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San Dimas City CouncilDecember 9, 2025

San Dimas City Council
December 9, 2025