Thousand Oaks City Council
January 10, 2023

HOME and
Community
Development
Block Grant
East County
Transit Alliance
Bicycle and
Pedestrian
Facilities
Landscape and
Lighting
Districts Housing Trust
Assets
Assets:

Cash and investments $ 195,899 - - 13,629,769 3,281,591 Receivables:

Accounts - 120,896 - 63,633 - Accrued interest 379,942 - 57 36,644 127,822 Intergovernmental 164,774 11,778 - 203,468 - Notes/loans 1,254,600 - - - 1,000,000 Restricted cash and investments - - - - - Total assets $ 1,995,215 132,674 57 13,933,514 4,409,413 Liabilities, Deferred Inflows of
Resources and Fund Balances
Liabilities:

Accounts payable $ 125,192 107,338 475 568,285 1,394 Due to other agencies 254,600 - - - - Interfund payables - 3,826 352 - - Unearned revenue 1,000,000 21,510 - 3,060 1,000,000 Total liabilities 1,379,792 132,674 827 571,345 1,001,394 Deferred inflows of resources:

Unavailable revenue 379,942 - - - 118,512 Total deferred inflows of resources 379,942 - - - 118,512 Fund balances:

Restricted 235,481 - - 13,362,169 3,289,507 Committed - - - - - Assigned - - - - - Unassigned - - (770) - - Total fund balances 235,481 - (770) 13,362,169 3,289,507 Total liabilities, deferred inflows of
resources and fund balances $ 1,995,215 132,674 57 13,933,514 4,409,413 See accompanying independent auditors' report.

June 30, 2022
Special Revenue Funds

CITY OF THOUSAND OAKS
Combining Balance Sheet
Nonmajor Governmental Funds
112
112
Item No.7I

Debt Service
Funds
Law
Enforcement
(State)
Cable
Television
(PEG)
Community
Facilities
Districts
County Flood
Control Benefit
Assessment Grants
Federal Asset
Seizure Total
Thousand
Oaks Public
Financing
Authority
259,548 2,842,076 1,738,370 - - 52,708 21,999,961 321 25 97,127 - 345,804 - - 627,485 - 699 7,566 4,198 - - 141 557,069 - - - 181,113 138,265 3,659,678 - 4,359,076 - - - - - - - 2,254,600 - - - 1,998,653 - - - 1,998,653 - 260,272 2,946,769 3,922,334 484,069 3,659,678 52,849 31,796,844 321 905 138 3,922,334 43,034 204,226 - 4,973,321 - - - - - - - 254,600 - - - - 302,770 2,643,531 - 2,950,479 - - - - - 811,921 50,250 2,886,741 - 905 138 3,922,334 345,804 3,659,678 50,250 11,065,141 - - - - 138,265 3,659,687 - 4,296,406 - - - - 138,265 3,659,687 - 4,296,406 - 259,367 2,946,631 - - - 2,599 20,095,754 321 - - - - - - - - - - - - - - - - - - - - (3,659,687) - (3,660,457) - 259,367 2,946,631 - - (3,659,687) 2,599 16,435,297 321 260,272 2,946,769 3,922,334 484,069 3,659,678 52,849 31,796,844 321 113
113
Item No.7I

Community
Recreation and
Open Space
Endowment
Fixed Asset
Replacement Total
Total Nonmajor
Governmental
Funds
Assets
Assets:

Cash and investments $ 2,333,440 15,220,282 17,553,722 39,554,004 Receivables:

Accounts - - - 627,485 Accrued interest 6,269 - 6,269 563,338 Intergovernmental - - - 4,359,076 Notes/loans - - - 2,254,600 Restricted cash and investments - - - 1,998,653 Total assets $ 2,339,709 15,220,282 17,559,991 49,357,156 Liabilities, Deferred Inflows of
Resources and Fund Balances
Liabilities:

Accounts payable $ 2,314 89,217 91,531 5,064,852 Due to other agencies - - - 254,600 Interfund payables - - - 2,950,479 Unearned revenue - - - 2,886,741 Total liabilities 2,314 89,217 91,531 11,156,672 Deferred inflows of resources:

Unavailable revenue - - - 4,296,406 Total deferred inflows of resources - - - 4,296,406 Fund balances:

Restricted - - - 20,096,075 Committed 2,337,395 - 2,337,395 2,337,395 Assigned - 15,131,065 15,131,065 15,131,065 Unassigned - - - (3,660,457) Total fund balances 2,337,395 15,131,065 17,468,460 33,904,078 Total liabilities, deferred inflows of
resources and fund balances $ 2,339,709 15,220,282 17,559,991 49,357,156 See accompanying independent auditors' report.

June 30, 2022
Capital Projects Funds

CITY OF THOUSAND OAKS
Combining Balance Sheet
Nonmajor Governmental Funds
114
114
Item No.7I

HOME and
Community
Development
Block Grant
East County
Transit Alliance
Bicycle and
Pedestrian
Facilities
Landscape and
Lighting
Districts Housing Trust
Revenues:

Taxes $ - - - 3,685,308 - Fines and forfeitures - - - - - Use of money and property 66,314 - (1,299) 108,460 (94,056) Charges for current services - 12,042 - 5,292,038 - Intergovernmental revenue 713,795 663,734 6,008 170,321 - Other - 6,942 - 66,085 - Total revenues 780,109 682,718 4,709 9,322,212 (94,056) Expenditures:

Current:

General government - - - - - Public safety - - - 1,321,275 - Transportation - 682,718 34,086 5,538,475 - Community development 713,796 - - 85,113 27,469 Debt service:

Principal - - - - - Interest - - - - - Capital outlay - - - 55,176 - Total expenditures 713,796 682,718 34,086 7,000,039 27,469 Excess (deficiency) of revenues over
(under) expenditures 66,313 - (29,377) 2,322,173 (121,525) Other financing sources (uses):

Transfers in (note 5) - - - 99,178 - Transfers out (note 5) - - (6,008) - - Total other financing sources (uses) - - (6,008) 99,178 - Net change in fund balance 66,313 - (35,385) 2,421,351 (121,525) Fund balance - beginning 169,168 - 34,615 10,940,818 3,411,032 Fund balance - ending $ 235,481 - (770) 13,362,169 3,289,507 See accompanying independent auditors' report.

Year ended June 30, 2022
Special Revenue Funds

CITY OF THOUSAND OAKS
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
115
115
Item No.7I

Debt Service
Funds
Law
Enforcement
(State)
Cable
Television
(PEG)
Community
Facilities
Districts
County Flood
Control Benefit
Assessment Grants
Federal Asset
Seizure Total
Thousand
Oaks Public
Financing
Authority
- 374,880 - - - - 4,060,188 - 28,351 - - - - - 28,351 - 2,382 24,986 - (1,209) - 499 106,077 323 - - - 581,061 - - 5,885,141 - - - - - 1,826,565 21,783 3,402,206 - 16,597 - - 971 - - 90,595 - 47,330 399,866 - 580,823 1,826,565 22,282 13,572,558 323 - - - - - - - - 37,183 - - - - 22,282 1,380,740 - - - - 775,727 - - 7,031,006 - - 22,315 - - - - 848,693 - - - - - - - - 675,000 - - - - - - - 325,600 - 63,357 - - 4,810,251 - 4,928,784 - 37,183 85,672 - 775,727 4,810,251 22,282 14,189,223 1,000,600 10,147 314,194 - (194,904) (2,983,686) - (616,665) (1,000,277) - - - 194,904 - - 294,082 1,000,587 - - - - - - (6,008) - - - - 194,904 - - 288,074 1,000,587 10,147 314,194 - - (2,983,686) - (328,591) 310 249,220 2,632,437 - - (676,001) 2,599 16,763,888 11 259,367 2,946,631 - - (3,659,687) 2,599 16,435,297 321 116
116
Item No.7I

Community
Recreation and
Open Space
Endowment
Fixed Asset
Replacement Total
Total Nonmajor
Governmental
Funds
Revenues:

Taxes $ 3,000 - 3,000 4,063,188 Fines and forfeitures - - - 28,351 Use of money and property 20,804 - 20,804 127,204 Charges for current services - - - 5,885,141 Intergovernmental revenue - - - 3,402,206 Other - 828,159 828,159 918,754 Total revenues 23,804 828,159 851,963 14,424,844 Expenditures:

Current:

General government - 25,967 25,967 25,967 Public safety - 164,380 164,380 1,545,120 Transportation - - - 7,031,006 Community development - - - 848,693 Debt service:

Principal - - - 675,000 Interest - - - 325,600 Capital outlay 22,230 - 22,230 4,951,014 Total expenditures 22,230 190,347 212,577 15,402,400 Excess (deficiency) of revenues over
(under) expenditures 1,574 637,812 639,386 (977,556) Other financing sources (uses):

Transfers in (note 5) 143,552 - 143,552 1,438,221 Transfers out (note 5) - - - (6,008) Total other financing sources (uses) 143,552 - 143,552 1,432,213 Net change in fund balance 145,126 637,812 782,938 454,657 Fund balance - beginning, as restated 2,192,269 14,493,253 16,685,522 33,449,421 Fund balance - ending $ 2,337,395 15,131,065 17,468,460 33,904,078 See accompanying independent auditors' report.

Year ended June 30, 2022
Capital Projects Funds

CITY OF THOUSAND OAKS
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
117
117
Item No.7I

Original Budget Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Use of money and property $ 20,000 20,000 66,314 46,314 Intergovernmental revenue 573,100 573,100 713,795 140,695 Total revenues 593,100 593,100 780,109 187,009 Expenditures:

Current:

Community development 573,100 988,692 713,796 274,896 Total expenditures 573,100 988,692 713,796 274,896 Excess (deficiency) of revenues over
(under) expenditures 20,000 (395,592) 66,313 461,905 Net change in fund balance 20,000 (395,592) 66,313 461,905 Fund balance - beginning 169,168 169,168 169,168 - Fund balance - ending $ 189,168 (226,424) 235,481 461,905 See accompanying independent auditors' report.

Budgeted Amounts

CITY OF THOUSAND OAKS
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual HOME and Community Development Block Grant (CDBG) Fund
Year ended June 30, 2022
118
118
Item No.7I

Original Budget Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Charges for current services $ 54,000 54,000 12,042 (41,958) Intergovernmental revenue 715,000 715,000 663,734 (51,266) Other 10,000 10,000 6,942 (3,058) Total revenues 779,000 779,000 682,718 (96,282) Expenditures:

Current:

Transportation 1,055,647 1,055,647 682,718 372,929 Total expenditures 1,055,647 1,055,647 682,718 372,929 Excess (deficiency) of revenues over
(under) expenditures (276,647) (276,647) - 276,647 Net change in fund balance (276,647) (276,647) - 276,647 Fund balance - beginning - - - - Fund balance - ending $ (276,647) (276,647) - 276,647 See accompanying notes to basic financial statements.

Budgeted Amounts

CITY OF THOUSAND OAKS
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual East County Transit Alliance Governmental Fund
Year ended June 30, 2022
119
119
Item No.7I

Original Budget Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Use of money and property $ 800 800 (1,299) (2,099) Intergovernmental revenue 5,900 5,900 6,008 108 Total revenues 6,700 6,700 4,709 (1,991) Expenditures:

Current:

Transportation - 33,486 34,086 (600) Total expenditures - 33,486 34,086 (600) Excess (deficiency) of revenues over
(under) expenditures 6,700 (26,786) (29,377) (2,591) Other financing sources (uses):

Transfers out (note 5) (6,700) (6,700) (6,008) 692 Total other financing sources (uses) (6,700) (6,700) (6,008) 692 Net change in fund balance - (33,486) (35,385) (1,899) Fund balance - beginning 34,615 34,615 34,615 - Fund balance - ending $ 34,615 1,129 (770) (1,899) See accompanying independent auditors' report.

Budgeted Amounts

CITY OF THOUSAND OAKS
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Bicycle and Pedestrian Facilities Fund
Year ended June 30, 2022
120
120
Item No.7I

Original Budget Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Taxes $ 3,309,330 3,309,330 3,685,308 375,978 Use of money and property 94,625 94,625 108,460 13,835 Charges for current services 5,188,200 5,188,200 5,292,038 103,838 Intergovernmental revenue - - 170,321 170,321 Other 50,000 50,000 66,085 16,085 Total revenues 8,642,155 8,642,155 9,322,212 680,057 Expenditures:

Current:

Public safety 1,213,800 1,216,789 1,321,275 (104,486) Transportation 6,473,735 6,753,747 5,538,475 1,215,272 Community development 89,825 89,825 85,113 4,712 Capital outlay 2,555,000 2,590,412 55,176 2,535,236 Total expenditures 10,332,360 10,650,773 7,000,039 3,650,734 Excess (deficiency) of revenues over
(under) expenditures (1,690,205) (2,008,618) 2,322,173 4,330,791 Other financing sources (uses):

Transfers in (note 5) 125,000 125,000 99,178 (25,822) Total other financing sources (uses) 125,000 125,000 99,178 (25,822) Net change in fund balance (1,565,205) (1,883,618) 2,421,351 4,304,969 Fund balance - beginning 10,940,818 10,940,818 10,940,818 - Fund balance - ending $ 9,375,613 9,057,200 13,362,169 4,304,969 See accompanying independent auditors' report.

Budgeted Amounts

CITY OF THOUSAND OAKS
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Landscape and Lighting Districts Fund
Year ended June 30, 2022
121
121
Item No.7I

Original Budget Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Use of money and property $ 52,500 52,500 (94,056) (146,556) Total revenues 52,500 52,500 (94,056) (146,556) Expenditures:

Current:

Community development 3,384,550 3,384,550 27,469 3,357,081 Total expenditures 3,384,550 3,384,550 27,469 3,357,081 Excess (deficiency) of revenues over
(under) expenditures (3,332,050) (3,332,050) (121,525) 3,210,525 Net change in fund balance (3,332,050) (3,332,050) (121,525) 3,210,525 Fund balance - beginning 3,411,032 3,411,032 3,411,032 - Fund balance - ending $ 78,982 78,982 3,289,507 3,210,525 See accompanying notes to basic financial statements.

Budgeted Amounts

CITY OF THOUSAND OAKS
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Housing Trust Fund
Year ended June 30, 2022
122
122
Item No.7I

Original Budget Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Use of money and property $ - - 24,986 24,986 Other 325,000 325,000 374,880 49,880 Total revenues 325,000 325,000 399,866 74,866 Expenditures:

Current:

Community development 20,000 20,000 22,315 (2,315) Capital outlay 115,000 115,000 63,357 51,643 Total expenditures 135,000 135,000 85,672 49,328 Excess of revenues over expenditures 190,000 190,000 314,194 124,194 Net change in fund balance 190,000 190,000 314,194 124,194 Fund balance - beginning 2,632,437 2,632,437 2,632,437 - Fund balance - ending $ 2,822,437 2,822,437 2,946,631 124,194 See accompanying notes to basic financial statements.

Budgeted Amounts

CITY OF THOUSAND OAKS
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Cable Television (PEG) Fund
Year ended June 30, 2022
123
123
Item No.7I

Original Budget Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Use of money and property $ 1,800 1,800 - (1,800) Total revenues 1,800 1,800 - (1,800) Expenditures:

Current:

Community development 54,500 54,500 - 54,500 Total expenditures 54,500 54,500 - 54,500 Excess (deficiency) of revenues over
(under) expenditures (52,700) (52,700) - 52,700 Net change in fund balance (52,700) (52,700) - 52,700 Fund balance - beginning - - - - Fund balance - ending $ (52,700) (52,700) - 52,700 See accompanying independent auditors' report.

Budgeted Amounts

CITY OF THOUSAND OAKS
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Community Facilities Districts Fund
Year ended June 30, 2022
124
124
Item No.7I

Original Budget Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Use of money and property $ - - (1,209) (1,209) Charges for current services 496,000 496,000 581,061 85,061 Other 3,000 3,000 971 (2,029) Total revenues 499,000 499,000 580,823 81,823 Expenditures:

Current:

Transportation 1,243,712 1,460,542 775,727 684,815 Capital outlay 150,000 - - - Total expenditures 1,393,712 1,460,542 775,727 684,815 Excess (deficiency) of revenues over
(under) expenditures (894,712) (961,542) (194,904) 766,638 Other financing sources (uses):

Transfers in (note 5) 894,712 894,712 194,904 (699,808) Total other financing sources (uses) 894,712 894,712 194,904 (699,808) Net change in fund balance - (66,830) - 66,830 Fund balance - beginning - - - - Fund balance - ending $ - (66,830) - 66,830 See accompanying independent auditors' report.

Budgeted Amounts

CITY OF THOUSAND OAKS
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual County Flood Control Benefit Assessment Fund
Year ended June 30, 2022
125
125
Item No.7I

Original Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Intergovernmental revenue $ 5,218,640 5,218,640 1,826,565 (3,392,075) Total revenues 5,218,640 5,218,640 1,826,565 (3,392,075) Expenditures:

Capital outlay 5,218,640 13,325,579 4,810,251 8,515,328 Total expenditures 5,218,640 13,325,579 4,810,251 8,515,328 Excess (deficiency) of revenues over
(under) expenditures - (8,106,939) (2,983,686) 5,123,253 Net change in fund balance - (8,106,939) (2,983,686) 5,123,253 Fund balance - beginning (676,001) (676,001) (676,001) - Fund balance - ending $ (676,001) (8,782,940) (3,659,687) 5,123,253 See accompanying notes to basic financial statements.

Budgeted Amounts

CITY OF THOUSAND OAKS
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Grants Fund
Year ended June 30, 2022
126
126
Item No.7I

Original Budget Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Use of money and property $ 63,900 63,900 85,724 21,824 Charges for current services 295,000 295,000 938,909 643,909 Other - - 1,501 1,501 Total revenues 358,900 358,900 1,026,134 667,234 Expenditures:

Current:

Transportation 1,037,000 1,120,285 351,494 768,791 Community development - - 14,420 (14,420) Culture and leisure 480,000 480,000 480,000 - Capital outlay 2,520,500 8,224,432 3,418,883 4,805,549 Total expenditures 4,037,500 9,824,717 4,264,797 5,559,920 Excess (deficiency) of revenues over
(under) expenditures (3,678,600) (9,465,817) (3,238,663) 6,227,154 Other financing sources (uses):

Transfers in (note 5) 2,500,000 2,500,000 2,500,000 - Transfers out (note 5) (500,000) (500,000) (375,601) 124,399 Total other financing sources (uses) 2,000,000 2,000,000 2,124,399 124,399 Net change in fund balance (1,678,600) (7,465,817) (1,114,264) 6,351,553 Fund balance - beginning 14,494,417 14,494,417 14,494,417 - Fund balance - ending $ 12,815,817 7,028,600 13,380,153 6,351,553 See accompanying notes to basic financial statements.

Budgeted Amounts

CITY OF THOUSAND OAKS
Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Capital Improvements Fund
Year ended June 30, 2022
127
127
Item No.7I

127

INTERNAL SERVICE FUNDS

Liability Insurance Fund - This fund was established to account for the cost of providing general liability coverage on a citywide basis.

Workers’ Compensation Fund - This fund was established to account for the cost of providing workers’ compensation coverage on a citywide basis.

Vision Insurance Fund - This fund was established to account for the cost of prov iding vision coverage on a citywide basis.
128
Item No.7I

Liability
Insurance
Workers'
Compensation
Insurance Vision Insurance Total
Assets:

Current assets:

Cash and investments $ 4,394,085 6,797,059 89,547 11,280,691 Receivables:

Accrued interest 11,804 18,417 234 30,455 Total current assets 4,405,889 6,815,476 89,781 11,311,146 Total assets $ 4,405,889 6,815,476 89,781 11,311,146 Liabilities:

Current liabilities:

Accounts payable $ 23,413 8,296 5,239 36,948 Noncurrent liabilities:

Claims payable 2,366,700 2,100,000 - 4,466,700 Total liabilities $ 2,390,113 2,108,296 5,239 4,503,648 Net position:

Unrestricted 2,015,776 4,707,180 84,542 6,807,498 Total net position (deficit) $ 2,015,776 4,707,180 84,542 6,807,498 See accompanying independent auditors' report.

CITY OF THOUSAND OAKS
Combining Statement of Net Position
Internal Service Funds
June 30, 2022
129
129
Item No.7I

Liability
Insurance
Workers'
Compensation
Insurance Vision Insurance Total
Operating revenues:

Charges for services and supplies $ 1,976,081 373,729 65,315 2,415,125 Total operating revenues 1,976,081 373,729 65,315 2,415,125 Operating expenses:

Claims expenses 2,557,329 839,110 55,606 3,452,045 Total operating expenses 2,557,329 839,110 55,606 3,452,045 Operating income (loss) (581,248) (465,381) 9,709 (1,036,920) Nonoperating revenues (expenses):

Interest income 35,308 61,664 780 97,752 Total nonoperating revenues 35,308 61,664 780 97,752 Income (loss) before contributions and
transfers (545,940) (403,717) 10,489 (939,168) Change in net position (545,940) (403,717) 10,489 (939,168) Total net position - beginning 2,561,716 5,110,897 74,053 7,746,666 Total net position - ending $ 2,015,776 4,707,180 84,542 6,807,498 See accompanying independent auditors' report.

CITY OF THOUSAND OAKS
Combining Statement of Revenues, Expenses, and Changes In Net Position Internal Service Funds
Year ended June 30, 2022
130
130
Item No.7I

Liability
Insurance
Workers'
Compensation
Insurance Vision Insurance Total
Cash flows from operating activities:

Cash received from customers $ 1,976,081 377,522 65,373 2,418,976 Cash payments for goods and services (2,083,783) (411,707) (51,741) (2,547,231) Net cash provided by (used for) operating
activities (107,702) (34,185) 13,632 (128,255) Cash flows from investing activities:

Interest received 34,518 60,347 732 95,597 Net cash provided by investing activities 34,518 60,347 732 95,597 Net increase (decrease) in cash and cash
equivalents (73,184) 26,162 14,364 (32,658) Cash and cash equivalents, beginning of year 4,467,269 6,770,897 75,183 11,313,349 Cash and cash equivalents, end of year $ 4,394,085 6,797,059 89,547 11,280,691

Reconciliation of operating income to net cash provided by operating activities:

Operating income (loss) $ (581,248) (465,381) 9,709 (1,036,920) Adjustments to reconcile operating
income/(loss) to net cash provided by (used
for) operating activities:

Decrease in accounts/notes receivable - 3,793 58 3,851 Decrease in prepaid expenses 578 - - 578 Increase (decrease) in accounts payables (64,732) 2,303 3,865 (58,564) Increase in claims payable 537,700 425,100 - 962,800 Total adjustments 473,546 431,196 3,923 908,665 Net cash provided by (used for) operating
activities $ (107,702) (34,185) 13,632 (128,255) See accompanying independent auditors' report.

CITY OF THOUSAND OAKS
Combining Statement of Cash Flows
Internal Service Funds
Year ended June 30, 2022
131
131
Item No.7I

131

CUSTODIAL FUNDS

Custodial Funds are used to account for assets held by the City in a custodial capacity for governmental entities.

Strong Motion Instrumentation Fund - This fund is used to collect fees from applicants for building permits that are used to regulate the statewide strong motion instrumentation program, which accumulates information needed to make homes and other structures safe from destructive earthquakes.

County Flood Zone Fund – This fund collects flood control fees and charges as a condition of land development to derive revenue for flood control purposes.

Parking Citations Surcharge Fund - This fund was established to account for a portion of parking fees collected that are passed through to other governmental agencies. 132
Item No.7I

Strong Motion
Instrumentation
County Flood
Zone
Parking Citations
Surcharge Total
Assets:

Cash and investments $ 4,947 6,525 22,942 34,414 Total assets $ 4,947 6,525 22,942 34,414 Liabilities:

Due to local governments $ 4,947 6,525 22,942 34,414 Total liabilities $ 4,947 6,525 22,942 34,414 Net Postion:

Individuals, organizations, and
other governments $ - - - - Total net position $ - - - -

See accompanying independent auditors' report.

CITY OF THOUSAND OAKS
Combining Statement of Fiduciary Net Position - Custodial Funds June 30, 2022
133
133
Item No.7I

Strong Motion
Instrumentation
County Flood
Zone
Parking Citations
Surcharge Total
Additions:

Miscellaneous $ 948 - - 948 Deductions:

Administrative expenses 948 - - 948

Changes in net position - - - -

Net position - beginning - - - -

Net position - ending $ - - - -

CITY OF THOUSAND OAKS
Combining Statement of Changes in Net Position - Custodial Funds Year ended June 30, 2022
134
134
Item No.7I

City of Thousand Oaks
Year Ended June 30, 2022
(LARGE TAB)

STATISTICAL SECTION

Item No.7I

135

Statistical Section

This section of the City of Thousand Oaks ACFR presents detailed information regarding five categories: financial trends, revenue capacity, debt capacity, demographic and economic information, and operating information. These tables are presented as a context for understanding the City’s overall financial health.

Contents

Financial Trends
These tables contain trend information over multiple years to better help the reader understand how the City’s financial performance has changed over time.

Revenue Capacity
These tables contain information regarding the City’s largest own-source revenue, property tax and sales tax.

Debt Capacity
These tables present information regarding the City’s current debt requirements and the City ’s financial ability to issue additional debt in the future.

Demographic and Economic Information
These tables present demographic and economic indicators that provide the reader a better understanding of the
environment within which the City’s activities take place and allow for comparison between cities.

Operating Information
These tables provide information regarding the City’s
operations and resources to help the reader gain knowledge about how the City’s financial st atistics relate to the services the City provides.

Page

136-145

146-151

152-157

158-159

160-163

135
Item No.7I

2013 2014 2015 2016
Governmental activities
Net investments in capital assets 429,496,970$ 441,224,834$ 482,441,504$ 463,170,097$ Restricted 36,275,259 52,304,427 35,825,757 40,171,977 Unrestricted 115,680,931 118,451,059 90,346,428 98,320,690 Total governmental activities net position 581,453,160$ 611,980,320$ 608,613,689$ 601,662,764$ Business-type activities
Net investments in capital assets 160,080,104$ 163,352,049$ 168,079,871$ 166,146,712$ Restricted 28,017,654 29,970,531 31,397,274 34,008,294 Unrestricted 46,312,992 44,171,611 27,892,382 33,752,786 Total business-type activities net position 234,410,750$ 237,494,191$ 227,369,527$ 233,907,792$ Primary government
Net investments in capital assets 589,577,074$ 604,576,883$ 650,521,375$ 629,316,809$ Restricted 64,292,913 82,274,958 67,223,031 74,180,271 Unrestricted 161,993,923 162,622,670 118,238,810 132,073,476 Total primary government net position 815,863,910$ 849,474,511$ 835,983,216$ 835,570,556$ Source: City of Thousand Oaks
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
Table 1

CITY OF THOUSAND OAKS
$0.0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $10002013 2014 2015 2016 2017 2018 2019 2020 2021 2022Net Position (in millions)Fiscal YearTotal Net Position GovernmentalActivities Business-TypeActivities PrimaryGovernment 136
136
Item No.7I

2017 2018 2019 2020 2021 2022
453,336,316$ 450,107,203$ 449,973,221$ 451,474,455$ 449,337,191$ 456,451,908$ 35,187,559 30,564,146 38,816,944 38,248,520 62,860,845 56,387,142 111,482,413 104,017,721 108,219,762 119,733,030 120,626,828 145,031,249 600,006,288$ 584,689,070$ 597,009,927$ 609,456,005$ 632,824,864$ 657,870,299$ 162,523,929$ 159,522,153$ 163,612,492$ 165,582,694$ 168,087,489$ 170,306,971$ 3,224,630 3,142,286 - - 7,187,089 6,221,453 73,615,294 79,046,508 87,507,964 90,842,266 87,786,380 88,815,936 239,363,853$ 241,710,947$ 251,120,456$ 256,424,960$ 263,060,958$ 265,344,360$ 615,860,245$ 609,629,356$ 613,585,713$ 617,057,149$ 617,424,680$ 626,758,879$ 38,412,189 33,706,432 38,816,944 38,248,520 70,047,934 62,608,595 185,097,707 183,064,229 195,727,726 210,575,296 208,413,208 233,847,185 839,370,141$ 826,400,017$ 848,130,383$ 865,880,965$ 895,885,822$ 923,214,659$ 137
137
Item No.7I

2013 2014 2015 2016
Expenses
Governmental activities:

General government 15,544,721 $ 17,001,257$ 16,633,833$ 17,205,376$ Public safety 27,487,842 28,180,467 28,679,593 28,895,575 Transportation 26,109,347 26,964,212 33,160,508 33,722,007 Community development 11,162,235 12,303,689 9,427,305 13,902,102 Culture and leisure 9,719,771 10,139,607 10,560,758 11,312,504 Interest on long-term debt 636,012 619,929 655,102 595,822 Total governmental activities expenses 90,659,928 95,209,161 99,117,099 105,633,386 Business-type activities:

Water 22,133,144 24,058,407 21,843,944 20,465,622 Wastewater 18,988,040 19,156,409 18,709,803 18,408,978 Golf Course 4,729,238 5,001,182 5,225,508 6,993,159 Transportation 4,655,099 5,092,147 6,038,124 6,779,428 Solid Waste Management 1,899,126 1,633,529 1,608,741 1,244,484 Theatres 4,083,872 4,006,613 3,727,264 3,684,483 Total business-type activities expenses 56,488,519 58,948,287 57,153,384 57,576,154 Total primary government expenses 147,148,447$ 154,157,448$ 156,270,483$ 163,209,540$ Program Revenues
Governmental activities:

Charges for services:

General government 6,281,280 $ 7,220,202$ 6,618,463$ 6,555,307$ Public safety 847,579 832,949 887,976 1,131,555 Transportation 5,460,232 5,448,265 5,844,243 5,725,586 Community development 3,962,106 4,753,171 5,038,087 5,968,502 Culture and leisure 244,486 288,179 255,755 241,480 Operating grants and contributions 11,561,006 8,872,310 5,351,236 6,801,627 Capital grants and contributions 5,570,206 11,467,954 4,148,837 2,129,634 Total governmental activities program revenues 33,926,895 38,883,030 28,144,597 28,553,691 Business-type activities:

Charges for services:

Water 25,548,666 27,570,065 25,903,528 23,526,238 Wastewater 19,347,142 19,300,050 20,959,096 22,768,316 Golf Course 4,646,379 4,609,795 4,665,559 6,058,246 Transportation 998,709 1,288,342 1,991,701 2,316,515 Solid Waste Management 1,621,874 1,486,259 1,454,871 1,440,914 Theatres 3,278,415 3,223,057 3,313,109 3,399,431 Operating grants and contributions 4,393,103 300,000 500,000 300,000 Capital grants and contributions 2,748,298 4,254,160 5,781,443 4,304,759 Total business-type activities program revenues 62,582,586 62,031,728 64,569,307 64,114,419 Total primary government program revenues 96,509,481$ 100,914,758$ 92,713,904 $ 92,668,110$ Net (expense)/revenue
Governmental activities (56,733,033) $ (56,326,131)$ (70,972,502)$ (77,079,695)$ Business-type activities 6,094,067 3,083,441 7,415,923 6,538,265 Total Primary government net expense (50,638,966)$ (53,242,690)$ (63,556,579)$ (70,541,430)$ Table 2

CITY OF THOUSAND OAKS
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
138
138
Item No.7I

2017 2018 2019 2020 2021 2022
18,559,779$ 22,009,003$ 20,652,373$ 23,827,455$ 22,865,565$ 21,582,185$ 33,414,773 31,261,436 32,316,506 32,426,842 31,243,892 31,744,873 31,862,406 28,946,935 29,658,476 32,122,303 29,449,440 27,718,815 9,531,142 10,422,774 10,657,941 12,764,398 12,674,019 11,045,568 10,697,550 14,440,330 11,283,170 11,820,133 13,752,061 10,529,731 556,540 526,631 503,916 517,034 349,433 323,350 104,622,190 107,607,109 105,072,382 113,478,165 110,334,410 102,944,522 21,774,730 24,554,703 24,664,296 26,685,206 29,115,767 27,324,795 18,875,727 19,570,996 21,293,236 21,851,308 22,379,545 21,001,676 5,477,483 5,820,522 6,204,300 6,383,546 5,710,741 8,056,099 6,813,792 6,983,544 7,544,602 6,801,784 7,039,067 7,162,472 1,264,791 1,241,419 1,296,438 1,593,685 1,607,577 1,420,892 4,026,388 4,084,270 4,703,728 4,351,747 869,904 5,099,587 58,232,911 62,255,454 65,706,600 67,667,276 66,722,601 70,065,521 162,855,101$ 169,862,563$ 170,778,982$ 181,145,441$ 177,057,011$ 173,010,043$ 7,816,273$ 10,307,660$ 7,400,502$ 8,519,668$ 7,539,190$ 7,538,015$ 892,756 974,423 956,562 882,498 1,010,067 1,009,850 5,188,260 5,776,193 5,675,414 5,889,463 5,687,471 6,302,734 5,570,226 5,694,880 5,428,584 6,887,198 6,224,028 6,982,353 304,051 369,675 485,072 679,668 197,863 232,728 5,914,541 6,696,406 9,459,745 10,894,147 17,751,988 18,647,401 3,412,100 2,449,510 2,734,993 2,372,032 1,710,538 6,114,884 29,098,207 32,268,747 32,140,872 36,124,674 40,121,145 46,827,965 25,502,093 29,529,144 29,336,595 30,383,914 32,265,526 31,146,135 21,385,939 20,682,588 23,076,241 23,194,778 20,919,990 22,976,534 4,905,388 5,380,828 6,630,009 5,561,132 5,139,244 8,764,109 2,078,215 1,921,292 1,982,752 2,016,229 1,410,476 1,564,698 1,434,211 1,552,730 1,731,389 1,814,664 1,975,070 2,161,822 3,747,826 3,848,918 4,321,991 2,795,445 499,834 2,057,069 300,000 4,836,160 7,682,533 6,125,045 8,774,681 9,681,179 4,346,733 38,165 - 475 861,495 74,458 63,700,405 67,789,825 74,761,510 71,891,682 71,846,316 78,426,004 92,798,612$ 100,058,572$ 106,902,382$ 108,016,356$ 111,967,461$ 125,253,969$ (75,523,983)$ (75,338,362)$ (72,931,510)$ (77,353,491)$ (70,213,265)$ (56,116,557)$ 5,467,494 5,534,371 9,054,910 4,224,406 5,123,715 8,360,483 (70,056,489)$ (69,803,991)$ (63,876,600)$ (73,129,085)$ (65,089,550)$ (47,756,074)$ 139
139
Item No.7I

General Revenues and Change in 2013 2014 2015 2016
Net Position
Governmental activities:

Taxes
Property tax 14,829,441 $ 15,568,174$ 16,142,673$ 16,952,325$ Property tax in-lieu of VLF 9,772,778 10,090,869 10,641,639 11,139,579 Sales tax 25,197,744 27,497,621 29,664,075 25,721,479 Transient occupancy tax 3,162,291 3,528,776 3,921,765 4,671,343 Franchise tax 6,204,829 6,649,679 6,936,019 6,689,427 Business tax 1,840,690 1,793,854 1,940,876 2,009,687 Property transfer tax 734,488 850,572 988,600 1,194,435 Other taxes - 17,298 28,832 29,306 Unrestricted intergovernmental revenue 121,989 - 53,361 54,339 Gain/(loss) from sale of property 1,378,420 378,435 - - Proceeds from insurance recoveries - - - - Proceeds from settlements - - - - Contributions not restricted for specific programs - 135,240 178,120 59,877 Investment earnings not restricted for specific programs 91,728 1,318,781 1,189,635 1,606,973 Extraordinary item - Asset transfer
from Successor Agency (1) - 4,611,540 43,428,316 - Transfers 60,108 14,338,221 - - Total governmental activities 63,394,506 86,779,060 115,113,911 70,128,770 Business-type activities:

Investment earnings not restricted for specific programs - - - - Transfers (60,108) - - - Total business-type activities (60,108) - - - Total primary government 63,334,398 $ 86,779,060$ 115,113,911$ 70,128,770$ Change in Net Position
Governmental activities 6,661,473 $ 30,452,929$ 44,141,409$ (6,950,925)$ Business-type activities 6,033,959 3,083,441 7,415,923 6,538,265 Total primary government 12,695,432 $ 33,536,370$ 51,557,332$ (412,660)$ Notes:
(1)
Source: City of Thousand Oaks
Table 2
In fiscal year 2013-14, as directed by the California Department of Finance (DOF), the City, as the Successor Agency, transferred specified governmental purpose assets of the former redevelopment agency totaling $4.6 million from the Successor Agency to the City. During fiscal year 2014-15 the DOF approved the Long-Range Property Management Plan which resulted in $43.4 million in Successor Agency properties being transferred to the City. (accrual basis of accounting)

CITY OF THOUSAND OAKS
Changes in Net Position
Last Ten Fiscal Years
140
140
Item No.7I

2017 2018 2019 2020 2021 2022
17,874,024$ 18,724,121$ 19,635,884$ 24,865,335$ 25,407,742$ 26,156,296$ 11,606,510 12,168,229 12,701,511 13,222,314 13,642,611 13,952,024 29,136,957 30,230,035 31,310,487 30,539,913 34,462,168 38,071,482 4,538,143 4,750,931 5,081,257 3,681,665 2,712,668 4,503,872 6,473,304 6,600,816 6,749,345 6,794,600 7,262,329 7,235,925 2,000,963 2,053,459 2,082,845 2,011,896 1,985,350 2,221,656 1,075,442 1,060,355 1,041,157 1,000,463 1,465,971 1,628,975 26,998 30,302 27,830 18,183 145,536 114,355 59,298 69,197 62,495 102,538 92,914 146,351 - 12,479 153,254 11,682 (1,411,124) (937,693) - - - - 246,864 - - - - 3,385,940 - 27,233 1,142,403 10,015 17,903 78,084 423,212 20,625 (77,968) 136,904 6,742,997 5,206,415 4,192,412 (12,213,022) - - - - - - 11,433 (172,719) (354,599) (1,149,204) (80,451) 230,013 73,867,507 75,674,124 85,252,366 89,769,824 90,548,202 81,158,092 - - - - 1,431,832 (5,519,369) (11,433) 172,719 354,599 1,149,204 80,451 (230,013) (11,433) 172,719 354,599 1,149,204 1,512,283 (5,749,382) 73,856,074$ 75,846,843$ 85,606,965$ 90,919,028$ 92,060,485$ 75,408,710$ (1,656,476)$ 335,762 $ 12,320,856$ 12,416,333$ 20,334,937$ 25,041,535$ 5,456,061 5,707,090 9,409,509 5,373,610 6,635,998 2,611,101 3,799,585$ 6,042,852$ 21,730,365$ 17,789,943$ 26,970,935$ 27,652,636$ -1.0%0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0%2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Fiscal YearPercent Change in Net Position 141
141
Item No.7I

2013 2014 2015 2016
General Fund
Nonspendable 444,070 $ 3,925,151$ 3,945,620$ 3,911,863$ Restricted - - - - Committed 32,150,306 30,679,785 41,296,049 36,627,164 Assigned 50,970,528 53,756,465 48,584,436 62,654,198 Unassigned 1,096,184 1,033,728 1,878,673 2,399,689 Total General Fund 84,661,088$ 89,395,129$ 95,704,778$ 105,592,914$ All other governmental funds
Nonspendable 671,083 $ 671,084$ 671,083$ - $ Restricted 25,270,524 42,377,963 35,825,757 40,171,977 Committed 1,643,144 1,692,486 1,802,421 1,940,009 Assigned 19,345,705 18,895,556 17,808,062 18,791,815 Unassigned (38,159) - - (26,699) Total all other governmental funds 46,892,297$ 63,637,089$ 56,107,323$ 60,877,102$ Source: City of Thousand Oaks
Table 3

CITY OF THOUSAND OAKS
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
$- $50,000,000 $100,000,000 $150,000,000 $200,000,0002013 2014 2015 2016 2017 2018 2019 2020 2021 2022Total Fund Balances General Fund All OtherGovernmentalFunds 142
142
Item No.7I

2017 2018 2019 2020 2021 2022
2,236,692$ 2,269,250$ 2,317,357$ 1,080,545$ 1,130,616$ 1,187,695$ - - 18,222,316 18,974,851 23,238,029 20,115,837 49,360,297 40,743,359 37,881,913 31,986,843 53,703,306 46,282,903 61,225,142 72,064,828 68,175,670 81,255,371 83,699,079 87,975,966 2,317,700 1,000,000 615,196 6,218,465 1,262,369 10,599,928 115,139,831$ 116,077,437$ 127,212,452$ 139,516,075$ 163,033,399$ 166,162,329$ -$ -$ -$ -$ -$ -$ 35,187,559 30,564,146 38,811,455 38,248,520 39,622,816 36,271,305 2,032,613 2,052,730 2,130,376 2,056,142 2,192,269 2,337,395 18,345,221 21,647,443 14,204,691 15,115,813 14,716,037 21,084,411 (54,303) (7,040) - (5,489) (676,001) (3,660,457) 55,511,090$ 54,257,279$ 55,146,522$ 55,414,986$ 55,855,121$ 56,032,654$ 143
143
Item No.7I

2013 2014 2015 2016
Revenues
Taxes 61,184,148 $ 65,652,130$ 66,697,613$ 70,964,086$ Licenses and permits 5,101,683 5,858,997 6,424,536 7,189,317 Fines and forfeitures 1,170,876 1,201,226 1,138,646 1,047,754 Use of money and property 1,835,698 3,664,767 3,084,840 4,405,485 Charges for current services 11,047,312 11,051,746 11,411,961 11,943,215 Intergovernmental revenue 11,193,429 16,588,309 8,685,090 8,291,953 Other 1,970,848 3,003,278 2,204,224 2,120,846 Total revenues 93,503,994 107,020,453 99,646,910 105,962,656 Expenditures
Current:

General government 14,564,358 15,237,607 17,193,554 17,734,964 Public safety 27,336,083 28,007,014 28,629,008 28,756,519 Transportation 28,459,116 26,492,614 30,645,163 25,023,202 Community development 10,496,554 11,704,339 9,588,092 12,868,799 Culture and leisure 8,451,440 8,704,663 9,321,044 9,891,599 Debt service:

Principal 520,000 535,000 560,000 580,000 Interest 637,312 621,712 656,969 597,755 Issuance cost - - - - Advance refunding escrow - - - - Capital outlay 7,081,193 9,098,366 4,385,257 2,143,483 Total expenditures 97,546,056 100,401,315 100,979,087 97,596,321 Excess (deficiency) of revenues
over (under) expenditures (4,042,062) 6,619,138 (1,332,177) 8,366,335 Other financing sources (uses)
Transfers in 5,271,869 19,536,789 4,915,154 4,403,268 Transfers out (5,211,761) (5,198,568) (4,915,154) (4,403,268) Refunding bonds issued - - - - Payment to refunded bond escrow agent - current - - - - Proceeds from sale of property (1) 38,961 447,243 112,061 6,291,579 Total other financing sources (uses) 99,069 14,785,464 112,061 6,291,579 Net change in fund balances (3,942,993) $ 21,404,602$ (1,220,116)$ 14,657,914$ Debt service as a percentage of noncapital 1.5% 1.4% 1.4% 1.3% expenditures
Notes:
(1)
Source: City of Thousand Oaks
(modified accrual basis of accounting)
In fiscal year 2015-16, the City entered into an agreement with Many Mansions to sell the City owned Schillo Gardens property for $279,043 in cash, along with two note receivables of $3,875,000 and $2,095,957.

Table 4

CITY OF THOUSAND OAKS
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
144
144
Item No.7I

2017 2018 2019 2020 2021 2022
70,353,513$ 74,014,030$ 77,555,321$ 81,608,029$ 86,958,956$ 93,540,808$ 6,766,102 7,098,983 6,490,525 6,793,184 6,956,381 7,426,188 1,070,992 1,226,704 1,000,774 891,163 816,490 1,000,132 1,362,034 1,808,784 8,724,718 7,295,485 5,570,672 (11,117,528) 13,522,017 13,388,778 12,553,890 14,483,764 13,141,162 14,080,672 5,520,776 5,749,365 8,899,698 9,228,194 15,687,382 17,073,326 2,590,830 5,495,691 2,617,982 6,819,484 2,269,519 2,536,004 101,186,264 108,782,335 117,842,908 127,119,303 131,400,562 124,539,602 17,984,450 20,549,299 18,738,211 20,464,844 20,654,867 23,504,199 33,281,120 31,123,639 32,143,045 32,571,959 31,153,862 31,747,131 23,217,710 20,901,692 23,047,091 25,302,172 18,350,563 17,867,837 9,824,408 10,361,447 10,336,754 11,992,809 12,581,379 13,223,051 9,896,139 13,118,303 9,754,875 10,063,063 12,392,968 10,448,092 600,000 630,000 650,000 675,000 650,000 675,000 559,040 528,206 505,812 527,989 351,600 325,600 - - - 217,186 - - - - - 1,173,885 - - 1,740,264 5,754,757 10,312,975 10,729,577 14,338,631 23,696,672 97,103,131 102,967,343 105,488,763 113,718,484 110,473,870 121,487,582 4,083,133 5,814,992 12,354,145 13,400,819 20,926,692 3,052,020 5,729,836 9,557,981 9,015,686 5,753,330 3,033,574 5,093,024 (5,718,403) (9,730,700) (9,370,285) (6,902,534) (3,114,025) (4,863,011) - - - 9,700,157 - - - - - (9,421,115) - - 86,339 12,479 24,712 41,430 77,296 20,530 97,772 (160,240) (329,887) (828,732) (3,155) 250,543 4,180,905$ 5,654,752$ 12,024,258$ 12,572,087$ 20,923,537$ 3,302,563$

1.3% 1.2% 1.3% 1.2% 1.0% 1.0%
In fiscal year 2015-16, the City entered into an agreement with Many Mansions to sell the City owned Schillo Gardens 145
145
Item No.7I

Fiscal Total
Year Taxable Taxable Direct
Ended Assessed Assessed Tax
June 30 Secured Unsecured Value Secured Unsecured Value Rate (1) 2013 22,849,995,645$ 564,130,360$ 23,414,126,005$ 2,036,945,616$ 180,730,861$ 2,217,676,477$ - 2014 23,611,025,109$ 565,199,407$ 24,176,224,516$ 2,096,540,686$ 197,333,069$ 2,293,873,755$ - 2015 24,918,441,906$ 577,344,968$ 25,495,786,874$ 2,188,046,023$ 205,605,677$ 2,393,651,700$ - 2016 26,121,693,208$ 571,824,100$ 26,693,517,308$ 2,343,704,083$ 208,179,143$ 2,551,883,226$ - 2017 27,235,355,088$ 582,728,213$ 27,818,083,301$ 2,544,403,443$ 215,429,196$ 2,759,832,639$ - 2018 28,610,970,248$ 553,669,446$ 29,164,639,694$ 2,709,724,562$ 214,155,260$ 2,923,879,822$ - 2019 29,853,762,564$ 589,039,692$ 30,442,802,256$ 2,850,262,931$ 214,360,133$ 3,064,623,064$ - 2020 31,063,289,932$ 627,765,479$ 31,691,055,411$ 2,945,915,795$ 210,513,322$ 3,156,429,117$ - 2021 32,054,913,504$ 643,504,950$ 32,698,418,454$ 2,944,818,124$ 205,161,063$ 3,149,979,187$ - 2022 32,806,659,164$ 633,355,800$ 33,440,014,964$ 2,989,291,522$ 186,132,087$ 3,175,423,609$ - Notes:
(1) The City does not have a direct property tax rate.
(2)
Source: Ventura County Auditor-Controller

The former Thousand Oaks Redevelopment Agency was dissolved on February 1, 2012, through the California State Supreme Court decision on Assembly Bill X1 26. See Note 15 for more information on the dissolution.

City Former Redevelopment Agency (2)
Table 5

CITY OF THOUSAND OAKS
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years

0.00%1.00%2.00%3.00%4.00%5.00%6.00% $15 $17 $19 $21 $23 $25 $27 $29 $31 $33 $352013 2014 2015 2016 2017 2018 2019 2020 2021 2022BillionsCity Total Assessed Valuation and Change in Assessed ValuationTotal Assessed ValuationChange in Assessed Valuation 146
146
Item No.7I

Total
Ventura Direct &
Fiscal Community MetropolitanOverlapping
Year College Bond (3)Water (3) Rates
2013 - 1.000000 0.030700 0.014000 0.003700 1.048400 2014 - 1.000000 0.032400 0.019100 0.003500 1.055000 2015 - 1.000000 0.032700 0.016700 0.003500 1.052900 2016 - 1.000000 0.032900 0.017600 0.003500 1.054000 2017 - 1.000000 0.031800 0.013000 0.003500 1.048300 2018 - 1.000000 0.032000 0.015500 0.003500 1.051000 2019 - 1.000000 0.021300 0.015100 0.003500 1.039900 2020 - 1.000000 0.020900 0.015200 0.003500 1.039600 2021 - 1.000000 0.028800 0.015000 0.003500 1.047300 2022 - 1.000000 0.031700 0.014800 0.003500 1.050000 Notes:
(1) The City does not have a direct rate.
(2)
(3)
Source: Ventura County Auditor-Controller
Overlapping rates are those of local and county governments and/or special districts that apply to property owners within certain geographic boundaries in the City.

City Direct
Rate (1)
Conejo Valley
Unified School
District Bond (3)
In 1978, California voters passed Proposition 13 which sets the property tax rate at 1 percent fixed amount.

This 1 percent is shared by all taxing agencies for which the subject property resides within. In addition to the 1 percent fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of school and water district bonds.

Table 6

CITY OF THOUSAND OAKS
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
Prop 13
Maximum 1%
Tax (2)
Overlapping Rates
147
147
Item No.7I

Percentage of Percentage of
Taxable Total City Taxable Total City
Assessed Taxable Assessed Taxable
Taxpayer Rank Value (1) Assessed Value Rank Value (1) Assessed Value AMGEN INC. 1 1,460,666,400 $ 4.37% 1 1,116,812,675 $ 4.77% LOS ROBLES HOSPITAL 2 247,773,280 0.74% 5 158,991,023 0.68% BAXALTA US INC/BAXTER HEALTHCARE CORP.3 245,696,674 0.73% 4 168,514,823 0.72% MACERICH OAKS LLC 4 233,383,582 0.70% 2 334,923,191 1.43% UNIVERSITY VILLAGE TO CCRC LLC 5 186,302,446 0.56% KNOLLS APARTMENTS LLC 6 120,869,240 0.36% 7 103,460,616 0.44% WESTLAKE PARK PLACE INC 7 111,454,456 0.33%
REXFORD IND-CONEJO SPEC LLC 8 109,497,755 0.33% DUESENBERG INVESTMENT CO. 9 100,439,310 0.30% 6 118,646,479 0.51% WOODLAKE MANOR LP 10 94,820,377 0.28%
CONTINUING LIFE COMM TO LLC 3 179,077,061 0.76% WESTLAKE PLAZA CTR EAST LLC 8 76,300,000 0.33% SKYWORKS SOLUTIONS INC 9 73,134,153 0.31% REGENCY CENTERS LP 10 72,463,363 0.31%
TOTAL 2,910,903,520 $ 8.70% 2,402,323,384 $ 10.26% Note:
(1) Assessed valuation includes land, buildings, and improvements.

Source: Information Services Department of the Ventura County Tax Collector's Office Table 7

CITY OF THOUSAND OAKS
Principal Property Tax Payers
Current Year and Nine Years Ago
2022 2013
148
148
Item No.7I

Fiscal Year Total Tax
Ended Levy for
June 30 Fiscal Year Amount Amount

2013 35,541,638$ 35,311,933$ 99.35% 105,163$ 35,417,096$ 99.65% 2014 37,900,282$ 37,727,071$ 99.54% 173,211$ 37,900,282$ 100.00% 2015 39,875,934$ 39,710,082$ 99.58% 149,224$ 39,859,306$ 99.96% 2016 42,346,389$ 42,089,830$ 99.39% 30,074$ 42,119,904$ 99.47% 2017 45,148,364$ 44,555,401$ 98.69% 49,177$ 44,604,578$ 98.80% 2018 47,714,787$ 47,549,779$ 99.65% 165,008$ 47,714,787$ 100.00% 2019 49,936,497$ 49,766,021$ 99.66% 170,476$ 49,936,497$ 100.00% 2020 52,948,658$ 52,502,366$ 99.16% 40,156$ 52,542,522$ 99.23% 2021 53,801,765$ 53,511,159$ 99.46% 16,094$ 53,527,253$ 99.49% 2022 54,384,414$ 54,102,715$ 99.48% N/A 54,102,715$ 99.48% Source:Ventura County Auditor-Controller
Table 8

CITY OF THOUSAND OAKS
Property Tax Levies and Collections
Last Ten Fiscal Years
Collected within the
Fiscal Year of the LevyCollections in
Subsequent
Years
Total Collections to Date
Percentage
of Levy
Percentage
of Levy
$0$10,000,000$20,000,000$30,000,000$40,000,000$50,000,000$60,000,0002013 2014 2015 2016 2017 2018 2019 2020 2021 2022Total Tax Levy 149
149
Item No.7I

Fiscal
Year
City
Direct Rate (1)
Ventura
County
State
of California
2013 - 1.00% 6.50%
2014 - 1.00% 6.50%
2015 - 1.00% 6.50%
2016 - 1.25% 6.25%
2017 - 1.25% 6.00%
2018 - 1.25% 6.00%
2019 - 1.25% 6.00%
2020 - 1.25% 6.00%
2021 - 1.25% 6.00%
2022 - 1.25% 6.00%
Note:
(1) The City does not have a direct rate.

Source: California State Board of Equalization
Table 9

CITY OF THOUSAND OAKS
Direct and Overlapping Sales Tax Rates
Last Ten Fiscal Years
150
150
Item No.7I

Calendar
Year
Apparel
Stores
General
Merchandise
Food
Stores
Eating and
Drinking
Establishments
Building
Materials
Auto
Dealers and
Supplies
Service
Stations
Other
Retail
Stores
All Other
Outlets Total
Total
Direct
Sales Tax
Rate (1)
2012 130,175$ 185,207$ 95,751$ 286,385$ 102,679$ 689,807$ 220,282$ 439,270$ 520,425$ 2,669,981$ - 2013 135,135$ 185,757$ 97,931$ 301,340$ 110,826$ 723,102$ 213,980$ 452,188$ 510,048$ 2,730,307$ - 2014 137,718$ 171,953$ 104,993$ 309,383$ 116,109$ 779,819$ 207,189$ 468,498$ 564,595$ 2,860,257$ - 2015 134,786$ 172,903$ 108,512$ 324,856$ 124,378$ 857,268$ 175,810$ 479,729$ 620,102$ 2,998,344$ - 2016 132,750$ 167,712$ 111,289$ 336,018$ 125,530$ 864,638$ 155,546$ 458,628$ 616,444$ 2,968,555$ - 2017 128,375$ 156,234$ 111,916$ 351,554$ 134,877$ 941,618$ 171,230$ 461,621$ 687,962$ 3,145,387$ - 2018 126,688$ 151,074$ 113,555$ 357,304$ 141,581$ 923,273$ 199,188$ 458,878$ 741,555$ 3,213,096$ - 2019 126,383$ 135,207$ 118,975$ 381,316$ 171,576$ 932,959$ 200,056$ 444,633$ 797,423$ 3,308,528$ - 2020 80,444$ 80,960$ 122,708$ 276,039$ 184,898$ 922,205$ 133,842$ 378,919$ 953,053$ 3,133,068$ - 2021 130,201$ 113,905$ 118,027$ 365,675$ 202,211$ 1,137,673$ 196,927$ 458,353$ 1,031,330$ 3,754,302$ - Notes:

Sales tax data by individual taxpayer is confidential. The categories presented are intended to provide alternative information regarding the sources of taxable sales. Amounts are adjusted for economic data. (1) The City does not have a direct sales tax rate.

Sources: State of California Board of Equalization and The HdL Companies

Table 10

CITY OF THOUSAND OAKS
Taxable Sales by Category
Last Ten Calendar Years
(in thousands of dollars)
$- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,0002012 2013 2014 2015 2016 2017 2018 2019 2020 2021Total Taxable Sales 151
151
Item No.7I

Governmental Activities
Capital
Lease (3)
2013 $ 14,940,093 18,450,367$ 464,978$ 9,127,092$ 42,982,530$ 0.7% 335.43$ 2014 $ 14,399,035 16,762,276$ 336,167$ 7,952,471$ 39,449,949$ 0.7% 305.72$ 2015 $ 13,832,978 15,028,994$ 233,009$ 6,752,849$ 35,847,830$ 0.6% 277.14$ 2016 $ 13,246,920 13,249,307$ 225,717$ 5,508,228$ 32,230,172$ 0.5% 243.49$ 2017 $ 12,640,863 11,421,975$ 96,893$ 4,203,606$ 28,363,337$ 0.4% 215.76$ 2018 $ 12,004,805 9,545,721$ 358,687$ 2,838,985$ 24,748,198$ 0.3% 190.08$ 2019 $ 11,348,748 7,619,364$ 409,610$ - 19,377,722$ 0.3% 149.57$ 2020 $ 9,693,262 5,789,956$ - - 15,483,218$ 0.2% 122.41$ 2021 $ 8,960,520 3,911,155$ - - 12,871,675$ 0.2% 102.62$ 2022 $ 8,202,778 1,981,626$ - - 10,184,404$ 0.1% 81.09$ Notes:
(1)
(2)
(3)
(4)
(5)
Source:

Table 11

CITY OF THOUSAND OAKS
Ratios of Outstanding Debt by TypeLast Ten Fiscal Years The State Water Resources Control Board authorized a State of California loan to the City in fiscal year 1999-00.

Business-type Activities
Total Primary
Government
Percentage
of Personal
Income (5)
Fiscal
Year
Refunding Lease
Revenue Bonds (1)
Wastewater
(2)
Revenue
Refunding
Bonds (4)
On January 1, 2007, Golf Course Fund entered into a management agreement with Evergreen Alliance Golf LLP which included capital lease obligations for equipment. Effective fiscal year 2019-20, leases are recorded as operating expenses.

See Table 16 for personal income and population data.

Details regarding the City's outstanding debt can be found in the notes to basic financial statements.

Debt Per
Capita (5)
City of Thousand Oaks
The Authority issued $16,405,000 2010 Refunding Lease Revenue Bonds in fiscal year 2009-10. The purpose of the bonds was to redeem the 2002 General Fund Refunding Certificates of Participation and provide reserves for the 2010 bondholder payments. During fiscal year 2019-20, the Authority issued $8,790,000 2020 Refunding Lease Revenue Bonds to redeem the 2010 Refunding Lease Revenue bonds.

The City issued $11,690,000 Revenue Refunding Bonds in fiscal year 2009-10 to redeem the City's 1998 Wastewater System Certificates of Participation and provide reserves for the 2010 bondholder payments. The bonds matured in fiscal 152
152
Item No.7I

2013 14,940,093$ 0.06% 116.59$
2014 14,399,035$ 0.06% 111.59$
2015 13,832,978$ 0.05% 106.94$
2016 13,246,920$ 0.05% 100.08$
2017 12,640,863$ 0.05% 96.16$
2018 12,004,805$ 0.04% 92.21$
2019 11,348,748$ 0.04% 87.60$
2020 9,693,262$ 0.03% 76.64$
2021 8,960,520$ 0.03% 71.44$
2022 8,202,778$ 0.02% 65.84$
Notes:
(1)
(2)
(3)
Sources:

Bonded debt includes all long-term debt net of applicable deferred amounts, except worker's compensation payable and accrued vacation.

See Table 5 for property value data.

See Table 16 for population data.

Ventura County Auditor-Controller, State of California Department of Finance, and City of Thousand Oaks
Table 12

CITY OF THOUSAND OAKS
Ratio of General Bonded Debt Outstanding
Last Ten Fiscal Years
Bonded
Debt (1)
Fiscal
Year
Percentage of
Actual Taxable
Value of
Property (2)
Debt Per
Capita (3)
153
153
Item No.7I

Amount
Net General Applicable to
Obligation City of
Debt Thousand Oaks
Jurisdiction Outstanding June 30, 2022
Overlapping Tax and Assessment Debt:

Metropolitan Water District 20,175,000 $ 0.986 % 198,926 $ Ventura County Community College District 257,457,000 21.972 % 56,568,452 Conejo Valley Unified School District 151,513,358 90.028 % 136,404,446 City of Thousand Oaks Community Facilities Districts 15,865,000 100.000 % 15,865,000 Overlapping General Fund Debt:

Ventura County General Fund Obligations 304,565,000$ 21.965 % 66,897,702 $ Ventura County Superintendent of Schools Certificates of Participation 7,850,000 21.965 % 1,724,253 Triunfo Water and Sanitation District Certificates of Participation 8,382,251 48.643 % 4,077,378 Subtotal overlapping and assessment debt 281,736,157$
City Direct Debt:

City of Thousand Oaks Refunding Lease Revenue Bonds 8,202,778$ 100.000 % 8,202,778 $ Subtotal direct debt 8,202,778$
Total Direct and Overlapping Debt (2) 289,938,935 $
Notes:
(1) Percentage of overlapping agency's assessed valuation located within City boundaries.

Source: California Municipal Statistics, Inc.
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue, and non-bonded capital lease obligations.

Oaks (1)
Percentage
Applicable
to City of
Table 13
Thousand

CITY OF THOUSAND OAKS
Computation of Direct and Overlapping Debt
June 30, 2022
154
154
Item No.7I

2013 2014 2015 2016
Debt limit 878,029,725 $ 906,608,419$ 956,092,008$ 1,001,006,889$ Total net debt applicable to limit 14,940,093 14,399,035 13,832,978 13,246,920 Legal debt margin 863,089,632$ 892,209,384$ 942,259,030$ 987,759,969$ Total net debt applicable to the limit
as percentage of debt limit 1.70% 1.59% 1.45% 1.32%
Note:
(1)
Sources: Ventura County Auditor-Controller and City of Thousand Oaks Per California Government Code Section 43605,15 percent of the assessed value shall be used for debt limit calculations. However, as of fiscal year 1981-82, assessed value no longer was calculated as 25 percent of market value and instead is calculated as 100 percent of market value. In order to reflect the intent of the debt limit stipulation, the 15 percent has been adjusted to one-fourth of 15 percent (3.75 percent) in this calculation.

Legal Debt Margin Information
Last Ten Fiscal Years
Table 14
City of Thousand Oaks
155
155
Item No.7I

2017 2018 2019 2020 2021 2022
1,043,178,124$ 1,093,673,989$ 1,141,605,085$ 1,188,414,578$ 1,226,190,692$ 1,254,000,561$ 12,640,863 12,004,805 11,348,748 9,693,262 8,960,520 8,202,778 1,030,537,261$ 1,081,669,184$ 1,130,256,337$ 1,178,721,316$ 1,217,230,172$ 1,245,797,783$

1.21% 1.10% 0.99% 0.82% 0.73% 0.65%
Legal Debt Margin Calculation for Fiscal Year 2021-22
Assessed value 33,440,014,964 $
Debt limit (3.75% of total assessed value) (1) 1,254,000,561 Less net amount of debt applicable to debt limit 8,202,778 Legal debt margin 1,245,797,783 $

0.00%0.20%0.40%0.60%0.80%1.00%1.20%1.40%1.60%1.80%2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Percent of Debt Compared to Debt Limit 156
156
Item No.7I

Fiscal
Year Principal Interest
2013 19,347,142$ 12,853,263$ 6,493,879 $ 1,065,000$ 333,138 $ 4.64 2014 19,300,050$ 12,253,237$ 7,046,813 $ 1,090,000$ 306,263 $ 5.05 2015 20,959,096$ 12,939,390$ 8,019,706 $ 1,115,000$ 281,425 $ 5.74 2016 22,768,316$ 12,599,440$ 10,168,876$ 1,160,000$ 238,488 $ 7.27 2017 21,385,939$ 12,654,443$ 8,731,496 $ 1,220,000$ 178,988 $ 6.24 2018 20,682,588$ 13,054,313$ 7,628,275 $ 1,280,000$ 116,488 $ 5.46 2019 23,076,241$ 15,244,005$ 7,832,236 $ 2,705,000$ 42,244 $ 2.85 2020 23,194,778$ 15,759,234$ 7,435,544 $ - - N/A 2021 21,734,815$ 16,355,257$ 5,379,558 $ - - N/A 2022 23,276,586$ 14,930,146$ 8,346,440 $ - - N/A Notes:
(1)
(2)
(3)
(4)
Source: City of Thousand Oaks
Operating expenses exclude depreciation.

Coverage reflects net revenue available divided by debt service.

The City issued $11,690,000 Revenue Refunding Bonds in fiscal year 2009-10. The purpose of the bonds is to redeem the City's 1998 Wastewater System Certificates of Participation and provide reserves for the 2010 bondholder payments. The Revenue Refunding Bonds matured in fiscal year 2018-19.

Gross revenue includes operating revenues, non-operating revenues, and operating transfers in.

Less:

Operating
Expenses (3)
Net Revenue
Available for
Debt Service
Table 15

CITY OF THOUSAND OAKS
Pledged-Revenue Coverage
Last Ten Fiscal Years
Wastewater Revenue Refunding Bonds (1)
Gross
Revenue (2)
Debt Service
Coverage (4)
157
157
Item No.7I

Per Capita
Calendar Personal Personal School Unemployment
Year Population (1) Income Income Enrollment (1) Rate (2) 2013 128,252 6,015,660,060$ 46,905 $ 20,533 5.7% 2014 128,942 5,729,795,654 44,437 20,066 4.8% 2015 129,349 5,720,500,917 44,225 19,706 5.1% 2016 132,365 6,703,086,699 50,641 19,293 5.3% 2017 131,457 6,510,013,554 49,522 19,008 4.3% 2018 130,196 7,512,103,490 57,698 18,722 3.6% 2019 129,557 7,152,010,214 55,204 18,440 2.3% 2020 126,484 7,306,130,708 57,763 18,345 12.3% 2021 125,426 7,218,391,726 57,551 17,367 5.7% 2022 124,592 7,828,613,728 62,834 17,375 2.9% Notes:
(1)
(2) Unemployment rates are as of June of each year.

Sources: California Department of Finance
University of California, Santa Barbara
Conejo Valley Unified School District
State of California Employment Development Department
Table 16

CITY OF THOUSAND OAKS
Demographic and Economic Statistics
Last Ten Calendar Years
Population and School Enrollment figures are as of January of each year. Per California Department of Finance, city population estimates in prior years may be revised.

0.0%2.0%4.0%6.0%8.0%10.0%12.0%14.0%2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Unemployment Rate 158
158
Item No.7I

Percent Percent
of Total City of Total City
Employer Rank Employees Employment Rank Employees Employment Amgen Inc. 1 5,000 8.1% 1 6,000 8.2%
Conejo Valley Unified School District 2 3,200 5.2% 3 1,919 2.6% Los Robles Regional Medical Center3 1,703 2.8% 4 1,619 2.2% California Lutheran University 4 1,374 2.2% 6 929 1.3%
PennyMac 5 934 1.5%
Skyworks Solutions Inc. 6 700 1.1% 8 600 0.8%
Takeda Pharmaceutical Company (2)7 555 0.9% 5 1,220 1.7% City of Thousand Oaks 8 514 0.8% 9 558 0.8%
AmeriHome Mortgage 9 463 0.8%
Sage Publications 10 303 0.5%
The Oaks 2 2,000 2.7%
Anthem, Inc. (3) 7 900 1.2%
Sage Publications 10 454 0.6%
Total 14,746 23.9% 16,199 22.1%
Notes:

Sources: City of Thousand Oaks and State of California Employment Development Department (1) Represents most recent available data at time of reporting.

Table 17

CITY OF THOUSAND OAKS
Current Year and Nine Years Ago
Principal Employers
(3) Formerly Anthem Blue Cross.
(2) Formerly Baxter BioScience, Baxalta, and Shire.
2022 (1) 2013 (1)
159
159
Item No.7I

Function 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 General Government
Central Administration 22 22 23 24 23 27 26 25 26 29
Finance 44 48 51 51 50 52 56 57 57 54
Legal 5 5 5 5 4 5 5 5 5 6
Community Development
Building & Safety 18 17 18 19 20 16 16 14 14 19
Planning 27 26 23 25 25 25 26 28 26 25
Public Works
Central Administration 78 74 72 73 75 74 73 72 66 62
Landscape 25 25 25 24 24 23 22 22 22 19
Streets & Highways 25 26 26 27 24 25 27 27 21 27
Wastewater 40 39 38 34 33 34 34 33 31 29
Water 12 12 13 12 16 17 16 18 18 18
Library 36 38 34 32 30 31 35 32 32 34
Cultural Affairs 15 14 13 13 12 14 15 13 13 12
Total (1) 347 346 341 339 336 343 351 346 331 334
Police (2) 108 108 108 108 108 108 108 108 108 108
Notes:
(1)
(2) The City contracts with the County of Ventura for police services; personnel reported at contract service level.

Source: City of Thousand Oaks
Totals exclude unfilled (vacant) positions and hourly employees.

Table 18

CITY OF THOUSAND OAKS
Full-time Equivalent City Government Employees by Function Last Ten Fiscal Years
4254304354404454504554602013 2014 2015 2016 2017 2018 2019 2020 2021 2022Total Full Time Equivalent Employees and Police 160
160
Item No.7I

Function 2013 2014 2015 2016
General Government
Business licenses 11,746 11,685 11,784 12,226
Building permits issued 2,373 2,941 3,040 3,197
Library
Total volumes in collection 461,448 466,965 452,307 432,615 Police
Physical arrests 2,753 3,129 2,733 2,962
Parking violations 5,325 4,469 3,811 3,716
Traffic violations (1) 10,576 9,613 9,127 10,617
Highways and streets
Potholes repaired 623 1,312 606 317
Streets repaved (miles) (2) 8.99 0.00 7.35 0.00
Water
Service locations 16,995 17,020 17,054 17,088
Average daily consumption
(gallons per household) 454.00 479.00 412.00 332.00
Gallons per day purchased from
Calleguas Municipal Water District 10,876,296 11,419,977 9,616,188 8,006,750 Wastewater
Service locations 38,130 38,165 38,194 38,241
Average daily sewage treatment
(millions of gallons) 9.17 8.93 8.47 7.61
Notes:
(1)
(2)
Source: City of Thousand Oaks
Street overlay only. Overlay program is typically repaved every other fiscal year.

Decrease in fiscal year 2019-20 due to reduced driving activities during the COVID-19 pandemic.

Table 19

CITY OF THOUSAND OAKS
Operating Indicators by Function
Last Ten Fiscal Years
161
161
Item No.7I

2017 2018 2019 2020 2021 2022
11,772 12,264 11,650 11,764 12,737 12,827
2,865 2,717 2,753 2,554 2,980 3,772
408,598 402,010 391,368 361,863 387,118 381,924
2,939 3,134 3,021 2,931 2,926 3,044
3,559 3,733 2,838 2,519 2,427 3,875
8,361 10,182 7,718 5,690 8,117 7,665
248 342 232 186 133 189

24.36 51.40 0.00 46.10 0.00 59.80
17,180 17,191 17,208 17,220 17,230 17,236
336.00 381.80 350.52 326.08 402.27 370.91
8,287,315 9,269,388 8,484,116 8,797,263 9,781,601 8,796,013 38,352 38,365 38,389 38,401 38,412 38,421

8.29 7.94 8.52 8.38 8.95 8.26
162
162
Item No.7I

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Function
Police:

Stations 1 1 1 1 1 1 1 1 1 1
Golf Courses:

Municipal golf courses 1 1 1 1 1 1 1 1 1 1
Libraries:

Public libraries 2 2 2 2 2 2 2 2 2 2
Highways and streets:

Streets (miles) 377 377 377 377 377 377 383 383 383 383 Streetlights (1) 7,846 7,845 7,861 7,886 7,936 7,954 7,919 7,997 7,998 524 Traffic signals (2) 144 154 154 154 154 154 157 157 157 158 Water:

Water mains (miles) (3) 351 351 332 332 334 334 336 335 335 335 Fire hydrants (4) 1,970 1,967 1,982 1,984 1,976 2,006 2,005 2,004 2,004 2,006 Wastewater:

Sanitary sewers (miles) 409 413 415 415 415 415 415 415 415 415 Notes:
(1)
(2)
(3)
(4)
Source:

Table 20

CITY OF THOUSAND OAKS
Capital Asset Statistics by Function
Last Ten Fiscal Years
Fiscal year 2018-19 decrease resulted from updated inventory count by Southern California Edison.

Effective fiscal year 2021-22, only city-owned streetlights are included.

Includes pedestrian signals.

Fiscal year 2014-15 decrease due to deactivated water meters.

Includes privately owned hydrants representing less than 1.5% of hydrants citywide.

City of Thousand Oaks
163
163
Item No.7I

Finance Department

MEMO RANDUM
2100 Thousand Oaks Boulevard • Thousand Oaks, CA 91362
Phone 805/ -+49.2200 • Fax 805/ -+49.2250 • www.toaks.org To:

From:

Date:

Andrew P. Powers, City Manager
Jaime Boscarino, Finance Director
December 21, 2022
Subject: Conejo Open Space Conservation Agency Annual Financial Report - Fiscal Year 2021-22
Enclosed is a copy of the Conejo Open Space Conservation Agency (COSCA) Annual Financial Report for the Fiscal Year ended June 30, 2022. COSCA is a Joint Powers Authority between the City and Conejo Recreation and Park District created in 1977.

Expenditures are shared equally between the City and District. The City is responsible for fiscal management of COSCA activities.

Rogers, Anderson, Malady & Scott, LLP, the City's external auditors, provided an Independent Auditors' Report stating that the financial statements present fairly, in all material respects, the financial position of the City.

Please refer to Management's Discussion and Analysis and Notes to Basic Financial Statements, as shown on pages 4-8 and pages 14-18, respectively, for a comprehensive overview of COSCA's position.

Copies of the report have also been included for each member of the City Council. The report will be presented to the COSCA Board at the February 8, 2023 Board meeting. I would be pleased to meet with you, or individual City Councilmembers interested in a more in-depth discussion of the report. Please feel free to contact me at x2220. ~ &'.11, - &iec---- - JaiB oscarino
Finance Director
Attachment
H:\COMMON\ACFLR\CAFR 2022\ACFR Distribulion\Transmittal Letters\COSCA Letter to Council.docx toak s.org
ATTACHMENT #2
Item No.7I

CONEJO OPEN SPACE

CONSERVATION AGENCY

ANNUAL FINANCIAL REPORT
For the Fiscal Year Ended
June 30, 2022

Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY

ANNUAL FINANCIAL REPORT
For the Fiscal Year Ended June 30, 2022

TABLE OF CONTENTS

Page

i

FINANCIAL SECTION

Independent Auditor’s Report .................................................................................................. 1-3 Management’s Discussion and Analysis (Required Supplemental Information) ...................... 4-8 Basic Financial Statements:

Government-wide Financial Statements
Statement of Net Position .................................................................................................. 9 Statement of Activities ..................................................................................................... 10 Governmental Fund Financial Statements
Balance Sheet and Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ............................................................................... 11 Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds, Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities .......................................................................................... 12 Statement of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual ...................................................................................................... 13 Notes to Basic Financial Statements ................................................................................ 14-18 Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards .......................................................... 19-20

Item No.7I

735 E. Carneg ie Dr. Suite I 00
San Bernardino , CA 92408
909 889 087 1 T
909 889 536 1 F
r amscpa .net

PARTNERS
Teny P Shea. CPA
Scott W Manno. CPA. CGMA
Leena Shanbhag. CPA. MST. CGMA
Br·adferd A. Welebir. CPA. MBA. CGMA
Jenny W Liu. CPA. MST
Brenda L Odle. CPA, MST 1Parrner Emer·irusl

MANAGERS / STAFF
Gar·denya Duran, CPA. CGMA
Br·ianna Schulu. CPA. CGMA
Seong-Hyea Lee. CPA. MBA
Evelyn Mor·entin-Barcena. CPA
Veronrca Hernandez. CPA
Laura Arvizu. CPA
X rnlu Zoe Zhang, CPA MSA
John Maldonado, CPA. MSA
Julia Rodr·iguez Fuentes. CPA. MSA
Demi Hrte. CPA
Jeffrey McKennan, CPA

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PCPS The A/CPA A.I/ranee
{o, CPA Ftrms
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ROGERS , ANDERSON , MALODY & SCOTT , LLP
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1 Independent Auditor’s Report

The Honorable Chair and Members of the Governing Board
Conejo Open Space Conversation Agency
Thousand Oaks, California

Report on the Audit Financial Statements

Opinions

We have audited the financial statements of the governmental activities and General Fund of the Conejo Open Space Conservation Agency (the Agency), as of and for the year ended June 30, 2022, and the related notes to the financial statements, which collectively comprise the Agency’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements present fairly, in all material respects, the respective financial position of the governmental activities and the General Fund of the Agency, as of June 30, 2022, and the respective changes in financial position and the respective changes in financial position and the budgetary comparison information for the General Fund 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. 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 Agency 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.

Item No.7I

2 Responsibilities of Management for the Financial Statements

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

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 Agency’s ability to continue as a going concern for 12 months beyond the financial statements date, including any currently known information that may raise substantial doubt shortly after.

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 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, 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 Agency’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 Agency’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.

Item No.7I

3 Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the required supplementary information, as listed in the table of contents, be presented to supplement the basic financial statements.

Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s re sponses 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.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards , we have also issued our report dated December 13, 2022, on our consideration of the Agency’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 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 Agency’s internal control over financial reporting and compliance.

San Bernardino, California
December 13, 2022

Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY
MANAGEMENT’S DISCUSSION AND ANALYSIS

4 In 1977, the City of Thousand Oaks (City) entered into a Joint Powers Agreement with the Conejo Recreation and Park District (District) to form the Conejo Open Space Conservation Agency (COSCA). COSCA was formed to assist the City and the District in the conservation of open space in and around the City by acquiring and maintaining open space acreage.

COSCA is governed by a five- member board consisting of two City Council members, two District Board members, and one private citizen of the City. Expenditures of COSCA are shared equally between the City and the District. The City is responsible for the fiscal management of COSCA activities. The City and District have an equity interest in COSCA of fifty percent each, which is reported in their respective annual financial reports.

FINANCIAL HIGHLIGHTS

COSCA assets exceeded liabilities at the close of fiscal year 2021-22 by $ 90.1 million. Of this amount, $79.7 million is net investment in capital assets, while the remaining $10.4 million in restricted net position may be used to meet COSCA’s ongoing obligation to acquire and maintain open space acreage.

OVERVIEW OF THE FINANCIAL STATEMENTS

This discussion and analysis is intended to serve as an introduction to COSCA ’s basic financial statements. COSCA’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to basic financial statements.

Government-wide Financial Statements

The government -wide financial statements are designed to provide readers with a broad overview of COSCA’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all COSCA ’s assets and liabilities, 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 COSCA is improving or deteriorating.

The s tatement of activities presents information showing how COSCA’s net position changed during the 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, all current fiscal year’s revenues and expenses are taken into account regardless of when cash is received or disbursed.

The government-wide financial statements can be found on pages 9-10 of this report.

Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Continued)
5 Fund Financial Statements

The fund financial statements consist of COSCA’s governmental funds. T hese 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 statement s 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 government -wide 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.

The basic governmental fund financial statements can be found on pages 11-13 of this report.

Notes to Basic Financial Statements

The notes to basic financial statements 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 basic financial statements can be found on pages 14-17 of this report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

Statement of Net Position

As noted earlier, net position may serve over time as a useful indicator of an Agency’s financial position. COSCA’s assets exceeded liabilities by $90.1 million.

COSCA’s capital assets are comprised primarily of $79.1 million in open space land. Current assets of $ 10.5 million consist primarily of cash and investments held for future open space acquisitions and preservation.

Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Continued)
6 2022 2021
Current assets 10,451,154$ 10,486,689$
Capital assets 79,673,338 76,675,420
Total assets 90, 124,492 87,162,109
Current liabilities 24,195 52,059
Total liabilities 24,195 52,059
Net position:

Net investment in capital assets 79,673,338 76,675,420 Restricted 10,426,959 10,434,630
Total net position 90,100,297$ 87,110,050$

SUMMARY STATEMENT OF NET POSTION
June 30, 2022 and 2021

Liquidity

The nature o f COSCA business operations has minimal cash transactions , as the City and the District incur and fund the m ajority of COSCA’s annual operating expenses. Consequently , COSCA’s liquidity position usually remains consistent with minimum liabilities.

Statement of Activities

The statement of activities shows how COSCA’s net position changed during fiscal year 2021-

22. COSCA’s net position increased $3.0 million from prior fiscal year.

Program revenues increased $ 1.2 million due to $0.9 million increase in capital grants and contributions for land, as well as $0.4 million increase in operating grants and contributions.

General revenues remained at $0.1 million.

Program expenses are primarily for preservation of existing open space and are offset by contributions of equal fundings and services by the City and the District. Expenses remained relatively consistent between FY 2021- 22 and FY 2020- 21 at $2.2 million as the $0.4 million increase in maintenance and operations is offset by $0.4 mi llion decrease in land parcels donated to the District in the prior fiscal year.

Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Continued)
7 2022 2021
Program revenues 5,100,872$ 3,859,399$
General revenues 94,149 107, 452
Total revenues 5,195,021 3,966,851
Program expenses 2,176,669 2,162,447
Change in net position 3,018,352 1,804,404 Net position - beginning, as restated 87,081,945 85,305,646 Net position - ending 90,100,297$ 87,110,050$

SUMMARY STATEMENT OF ACTIVITIES
Year ended June 30, 2022 and 2021

GOVERNMENTAL FUND FINANCIAL ANALYSIS

As noted earlier, COSCA uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Governmental Fund

At the close of fiscal year 20 21-22, COSCA reported a fund balance of $ 10.4 million, comparable to prior fiscal year’s balance of $10.4 million. Increases of $0.3 million in revenues and $0.4 million expenditures ar e primarily due to contributions received to reimburse incurred maintenance costs of COSCA ’s new rental of the City ’s Cameron Center for its range headquarters.

2022 2021
Revenues 2, 137,011$ 1,814,675$
Expenditures 2,144,682 1,704,931
Operating surplus/(deficit) (7,671) 109,744 Fund balance - beginning 10,434,630 10,324,886 Fund balance - ending 10,426,959$ 10,434,630$

SUMMARY STATEMENT OF
Year ended June 30, 2022 and 2021

REVENUES, EXPENDITURES, A ND CHA NGES IN FUND BA LA NCE Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY
MANAGEMENT’S DISCUSSION AND ANALYSIS
(Continued)
8 Capital Assets

Capital assets increased $3. 1 million primarily due to incr eases in capital grants and contributions of $3.1 million for land. COSCA’s capital assets on June 30, 2022, and 2021 are comprised of the following:

Budgetary Highlights

The budget to actual report can be found on page 13. Historically, COSCA’s Board of Directors has chosen not to budget revenues. The difference of $1.2 million between final budget of $3.4 million and actual expenditures of $2. 1 million is primarily due to timing of unspent capital improvements budget of $1.0 million for projects not completed during the fiscal year.

REQUESTS FOR INFORMATION

This financial report is designed to provide a general overview of COSCA finances . Questions concerning information provided in this report , or requests for additional financial informati on, may be addressed to the Finance Director, City of Thousand Oaks, 2100 Thousand Oaks Boulevard, Thousand Oaks, California 91362, or email [email protected]. 2022 2021
Land 79,136,023$ 76,078,013$
Improvements and equipment, net 537,315 569,301
Total, net 79,673,338$ 76,647,314$
Capital Assets
(Net of accumulated depreciation)
Item No.7I

Governmental
Activities
Assets:

Current assets:

Cash and investments (Note 3) 10,423,032 $
Interest and accounts receivable 28,122
Total current assets 10,451,154
Non-current assets:

Capital assets (Note 4):

Land 79,136,023
Improvements and equipment 834,285
Accumulated depreciation (296,970)
Total non-current assets 79,673,338
Total assets 90,124,492
Current liabilities:

Accounts payable 24,195
Total current liabilities 24,195
Net position:

Net investment in capital assets 79,673,338
Restricted 10,426,959
Total net position 90,100,297$
See accompanying notes to basic financial statements.

CONEJO OPEN SPACE CONSERVATION AGENCY
Statement of Net Position
June 30, 2022
9 Item No.7I

Net (Expense)
Charges forOperating Grants Capital GrantsRevenue & Changes Expenses Services & Contributions& Contributions in Net Position Governmental Activities:

Culture and leisure 2,176,669$ 54,264$ 1,988,598$ 3,058,010$ 2,924,203$

General revenues:

Interest on investments 94,149
Total general revenues 94,149
Changes in net position 3,018,352
Net position - beginning, as restated 87,081,945
Net position - ending 90,100,297$
See accompanying notes to basic financial statements.

CONEJO OPEN SPACE CONSERVATION AGENCY
Statement of Activities
Fiscal Year ended June 30, 2022
Program Revenues
Function/Programs
10 Item No.7I

General Fund
Assets
Cash and investments (Note 3) 10,423,032 $
Interest and accounts receivable 28,122
Total assets 10,451,154$
Liabilities and Fund Balances
Liabilities:

Accounts payable 24,195 $
Total liabilities 24,195
Fund balances:

Restricted (Note 5) 10,426,959
Total fund balances 10,426,959
Total liabilities and fund balances 10,451,154$
Total fund balances - total governmental funds, as above 10,426,959$ 79,673,338
Net position of governmental activities (page 9) 90,100,297$ See accompanying notes to basic financial statements.

Capital assets, net of accumulated depreciation, used in governmental activities are not financial resources and, therefore, are not reported in the funds.

CONEJO OPEN SPACE CONSERVATION AGENCY
Balance Sheet
June 30, 2022
Reconciliation of the Governmental Funds Balance Sheet
To the Statement of Net Position
Amounts reported for governmental activities in the statement of net position (page 9) are different because:
11 Item No.7I

General Fund
Revenues
Contributions and donations 1,988,598 $
Rental income 49,705
Other income 4,559
Investment earnings 94,149
Total revenues 2,137,011
Expenditures
Current:

Culture and recreation 2,144,682
Total expenditures 2,144,682
Net change in fund balances (7,671)
Fund balance - beginning 10,434,630
Fund balance - ending 10,426,959 $
Net change in fund balance, as above (7,671) $
3,058,010
(31,987)
Change in net position of governmental activities (page 10) 3,018,352$ See accompanying notes to basic financial statements.

CONEJO OPEN SPACE CONSERVATION AGENCY
Statement of Revenues, Expenditures, and Changes in Fund Balance Governmental Funds
Fiscal Year Ended June 30, 2022
Reconciliation of the Statement of Revenues,
Expenditures, and Changes in Fund Balances of Governmental Funds To the Statement of Activities
Amounts reported for governmental activities in the statement of activities (page 10) are different because:

Capital assets received as donations and contributions are not current financial resources and, therefore, are not reported in governmental funds.

Governmental funds report capital outlays as expenditures. However, in the statement of activities certain cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. 12 Item No.7I

Original
Budget Final Budget Actual
Variance with
Final Budget -
Positive (Negative)
Revenues:

Contributions, donations and
other revenue -$ -$ 1,993,157$ 1,993,157$ Rental income - - 49,705 49,705 Investment earnings - - 94,149 94,149 Total Revenues - - 2,137,011 2,137,011 Expenditures:

Current:

Culture and recreation 2,603,949 3,364,675 2,144,682 1,219,993 Total expenditures 2,603,949 3,364,675 2,144,682 1,219,993 Net change in fund balance (2,603,949) (3,364,675) (7,671) 3,357,004 Fund balance - beginning 10,434,630 10,434,630 10,434,630 - Fund balance - ending 7,830,681$ 7,069,955$ 10,426,959$ 3,357,004$

See accompanying notes to basic financial statements.

CONEJO OPEN SPACE CONSERVATION AGENCY
Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Year ended June 30, 2022
Budgeted Amounts
13 Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY
Notes to Basic Financial Statements

June 30, 2022
14 (1) Summary of Significant Accounting Policies

(a) Description of Reporting Entity

In 1977, the City of Thousand Oaks, California (City) entered into a Joint Powers Agreement with the Conejo Recreation and Park District (District) to form the Conejo Open Space Conservation Agency (COSCA). COSCA is governed by a five-member board consisting of two City Council members, two District members, and one private citizen of the City.

Expenditures of COSCA are shared equally between the City and the District. The City is responsible for the fiscal management of COSCA activities, but does not have primary oversight responsibility for COSCA, which is disclosed as a jointly governed organization in Note 10(a) of the City’s Annual Comprehensive Financial Report for the fiscal year ended June 30, 2022.

(b) Government-wide Financial Statements

COSCA’s government-wide financial statements include a statement of net position and a statement of activities. These statements present a summary of COSCA’s governmental activities.

The government-wide financial statements are reported using the “economic resources” measurement focus and the accrual basis of accounting. Accordingly, COSCA’s assets and liabilities, including capital assets and long-term liabilities, are included in the accompanying statement of net position . The statement of activities presents changes in net position .

Under the accrual basis of accounting, revenues are recognized in the period in which they are earned, while expenses are recognized in the period in which the liability is incurred.

The types of transactions reported as program revenues for COSCA include charges for services, operating grants, and capital grants and contributions.

In accordance with Governmental Standards Accounting Board Statement No. 34 ( GASB 34), a reconciliation of the difference between the fund financial statements and the government-wide financial statements is provided.

(c) Governmental Fund Financial Statements

In accordance with GASB 34, COSCA’s governmental fund financial statements include a balance sheet and statement of revenues, expenditures, and changes in fund balances.

The accompanying governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting.

COSCA’s only governmental fund is the G eneral Fund. Revenues are recognized when received, or within 60 days after year-end, unless susceptible to accrual, i.e., measurable and available to finance COSCA’s operations. Monies received to fund specific future expenditures, such as trail or capital improvements, if any, are classified as unearned Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY
Notes to Basic Financial Statements
(Continued)
June 30, 2022
15 revenue and are recognized when the underlying expenditure is recorded. Expenditures generally are recorded when the related liability is incurred.

(d) Use of Estimates

The preparation of basic financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenue and expenses/expenditures during the reporting period. Actual results could differ from those estimates.

(e) Capital Assets

Capital assets are reported in the government-wide financial statements. Included in capital assets are land, construction in progress, and improvements and equipment. COSCA policy has set the capitalization threshold for reporting capital assets at $5,000. Donated assets are recorded at acquisition value at the date of donation.

Depreciation is recorded on a straight-line basis over the estimated useful lives of the assets as follows:

Buildings and Improvements - 20 to 50 years
Equipment - 3 to 15 years
Intangibles - 2 to 50 years
Infrastructure - 10 to 50 years

(f) Fund Balance Reporting

The accounting policies of the City consider restricted fund balance spent first when expenditure is incurred for purposes for which both restricted and unrestricted fund balance are available. Similarly, when an expenditure is incurred for purposes for which amounts in any of the unrestricted classifications of fund balance could be used, the City considers committed amounts to be reduced first, followed by assigned amounts and then unassigned amounts.

In all cases, encumbrance amounts have been assigned for specific purposes for which resources already have been allocated.

Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY
Notes to Basic Financial Statements
(Continued)
June 30, 2022
16 (2) Stewardship, Compliance, and Accountability

General Budget Policies

COSCA Board does not formally adopt an annual budget. The City and District formally adopt budgets for their share of COSCA costs; historically revenues have not been budgeted. The City and District approve their own appropriations and any amendments to appropriations throughout the fiscal year. Budget data presented in the financial st atements include final adjusted amounts, which include amendments to the budget during the fiscal year.

Formal budgetary integration is employed as a management control device. Commitments for materials and services such as purchase orders and contracts are recorded during the fiscal year as encumbrances to reserve that portion of the applicable appropriation.

(3) Cash and Investments

COSCA’s cash and investments are pooled with those of the City and separately reported at fair value. COSCA’s cash a nd investments on June 30, 20 22, is $10.4 million. The underlying cash and investment pool instruments primarily consist of demand deposits, money marke t funds, certifi cates of deposits, securities of U.S. government sponsored agencies, U.S. Treasury securities, and the California Local Agency Investment Fund (LAIF).

For further information regarding the City’s pooled cash and investments including, custodial risk, concentration of credit risk, and interest rate risk, please refer to the City’s Annual Comprehensive Financial Report for the year ended June 30, 2022.

Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY
Notes to Basic Financial Statements
(Continued)
June 30, 2022
17 (4) Changes in Capital Assets

Capital assets activity for the fiscal year ended June 30, 2022, is as follows:

Balance at Balance at
J
une 30, 2021 Additions Deletions June 30, 2022
Capital assets, not being depreciated:

Land/easement 76,078,013$ 3,058,010$ -$ 79,136,023$ Total 76,078,013 3,058,010 - 79,136,023 Capital assets, being depreciated:

Improvements 812,893 - - 812,893 Equipment 21,392 - - 21,392 Total 834,285 - - 834,285 Less accumulated depreciation for:

Improvements 243,592 31,987 - 275,578 Equipment 21,392 - - 21,392 Total 264,984 31,987 - 296,970 Total, net of accumulated depreciation 569,301 (31,987) - 537,315 Capital Assets, net 76,647,314$ 3,026,023$ -$ 79,673,338$ Note: Allow for rounding within detail tables in Note 4, Changes in Capital Assets.

Overall capital asset additions of $3.1 million resulted from capital donatio ns and contributions of land/easement. Depreciation expense for the fiscal year was $31,987.

(5) Fund Balance

General Fund fund balance of $10,426,959 as of June 30, 2022, is restricted for land and land related maintenance. The “Restricted” fund balance reflects restrictions imposed on COSCA by the City and the District.

(6) Liability, Workers’ Compensation, and Purchased Insurance

COSCA as an agency is covered under the City’s and District ’s insurance policies .

Therefore, the limitation and self-insured retentions applicable to the City and District also apply to COSCA. Additional information as to the coverage and self-insured retentions can be obtained by contacting the City and District.

Item No.7I

CONEJO OPEN SPACE CONSERVATION AGENCY
Notes to Basic Financial Statements
(Continued)
June 30, 2022
18 (7) Restatement of Prior Year Balances

The prior period adjustment reflected on the Statement of Activities on page 10 shows a decrease of $28,105 to the Governmental Activities beginning net position. This adjustment is the result of previously recording construction in progress for amounts that should have been reported as expenses.

Governmental
Activities
Governmental Activities
Net Position - beginning, as previously reported 87,110,050$ Adjustment:

Deletion of construction in progress (28,105)
Net Position - beginning, as restated 87,081,945$

Item No.7I

735 E. Carneg ie Dr. Suite I 00
San Bernardino , CA 92408
909 889 087 1 T
909 889 536 1 F
r amscpa .net

PARTNERS
Teny P Shea. CPA
Scott W Manno. CPA. CGMA
Leena Shanbhag. CPA. MST. CGMA
Br·adferd A. Welebir. CPA. MBA. CGMA
Jenny W Liu. CPA. MST
Brenda L Odle. CPA, MST 1Parrner Emer·irusl

MANAGERS / STAFF
Gar·denya Duran, CPA. CGMA
Br·ianna Schulu. CPA. CGMA
Seong-Hyea Lee. CPA. MBA
Evelyn Mor·entin-Barcena. CPA
Veronrca Hernandez. CPA
Laura Arvizu. CPA
X rnlu Zoe Zhang, CPA MSA
John Maldonado, CPA. MSA
Julia Rodr·iguez Fuentes. CPA. MSA
Demi Hrte. CPA
Jeffrey McKennan, CPA

MEMBERS
Amer-ican I nstrtute of
Cernfied Public Accountants
PCPS The A/CPA A.I/ranee
{o, CPA Ftrms
Governmental Audit
Quality Cente,
Employee Benefit Plan
Aud,r Qual,ry Cente,
Californra Socrety of
Cen:ifred Publrc Accountants
dil5b Proud Member of
qgp AlliottGlobalAlliance™
mm IIIJ

ROGERS , ANDERSON , MALODY & SCOTT , LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
STABILITY . ACCURACY . TRUST.

19 REPORT ON INTERNAL CONTROL OVER FINANCIAL

REPORTING AND ON COMPLIANCE AND OTHER MATTERS

BASED ON AN AUDIT OF FINANCIAL STATEMENTS

PERFORMED IN ACCORDANCE WITH

GOVERNMENT AUDITING STANDARDS

Independent Auditor’s Report

To the Honorable Chair and Members of the Governing Board Conejo Open Space Conversation Agency
City of Thousand Oaks, California

We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements
of the governmental activities and General Fund of the
Conejo Open Space Conservation Agency (the Agency) as of and for the year ended June 30, 2022 and the related notes to the financial statements, which collectively comprise the Agency’s basic financial statements, and have issued our report thereon dated December 13, 2022.

Internal Control over Financial Reporting

In planning and performing our audit of the financial statements, we considered the Agency’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the Agency’s internal control. Accordingly, we do not express an opinion on the effectiveness of the Agency’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the Agency’s financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Item No.7I

20 Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be material weaknesses or significant deficiencies.

Given these limitations, during our audit we did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Compliance and Other Matters

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

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Agency’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Agency’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

San Bernardino, California
December 13, 2022

Item No.7I

City of
Thousan
To: Andrew P. Powers, City Manager
From: Jaime Boscarino, Finance Director
Date: December 21, 2022
Finance Department

MEMORANDUM
2100 Thousand Oaks Bou!c,·ard • Thousand Oaks, CA 91362 Phone 805/-149.2200 • Pax 805/-1-19.2250 • www.toaks.org Subject: City of Thousand Oaks Letter of Engagement, Audit Committee Letter and Management Letter Provided by Independent Auditor- FY 2021-22 Rogers, Anderson, Malady & Scott, LLP, the City's independent audit firm, has concluded their annual audit of the City's financial statements and provided the attached Letter of Engagement, Audit Committee Letter and Management Letter to the City of Thousand Oaks' City Council for the Fiscal Year ended June 30, 2022.

The Governmental Accounting Standards Board requires the independent auditor to communicate certain significant matters related to the audit to those charged with governance. The Letter of Engagement and the Audit Committee Letter describe:
1) audit objectives;
2) management responsibilities;
3) audit procedures - general;
4) audit procedures - internal controls;
5) audit procedures - compliance;
6) significant audit findings; and
7) other matters.

In addition to the Letter of Engagement and Audit Committee Letter, Rogers, Anderson, Malady & Scott, LLP provided a Management Letter to the City Council for the Fiscal Year ended June 30, 2022, which is also attached. The Management Letter is another communication tool to allow the independent auditor to advise the governing board of any issues they encountered concerning the internal control structure, accounting policies, management judgments, or any difficulties with management in performing the audit.

Copies of the Letter of Engagement, Audit Committee Letter and Management Letter have also been included for each member of the City Council. Rogers, Anderson, Malady & Scott, LLP and City staff will be meeting with the City Council Finance/Audit Committee on January 10, 2023 to review and discuss the Fiscal Year 2021-22 audit. Should you have questions please feel free to contact me at x2220.

Slh�inffeia4=-
Finance Director
Attachments
H:ICOMMON\ACFLR\ACFR 2022\CAFR Distribution\Transmittal Letters\Audit Committee-Management Letter.docx ATTACHMENT #3
Item No.7I

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Proud Member of
AlliottGlobalAlliance··
To the Honorable City Council
City of Thousand Oaks
Thousand Oaks, California
The following represents our understanding of the services we will provide the City of Thousand Oaks.

You have requested that we audit the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of Thousand Oaks (the City), as of June 30, 2022, and for the year then ended 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 addition, we will audit the entity's compliance over major federal award programs for the period ended June 30, 2022. We are pleased to confirm our acceptance and our understanding of this audit engagement by means of this letter. Our audits will be conducted with the objectives of our expressing an opinion on each opinion unit and an opinion on compliance regarding the entity's major federal award programs. The objectives of our audit of the financial statements 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 opinion. 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 auditing standards generally accepted in the United States of America (GAAS) and in accordance with Government Auditing Standards will always detect a material misstatement when it exists. Misstatements, including omissions, can arise from fraud or error and 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.

The objectives of our compliance audit are to obtain sufficient appropriate audit evidence to form an opinion and report at the level specified in the governmental audit requirement about whether the entity complied in all material respects with the applicable compliance requirements and identify audit and reporting requirements specified in the governmental audit requirement that are supplementary to GAAS and Government Auditing Standards, if any, and perform procedures to address those requirements.

Accounting principles generally accepted in the United States of America (U.S GAAP), as promulgated by the Governmental Accounting Standards Board (GASB) require that supplementary information, such as management's discussion and analysis (MD&A) and budgetary comparison information be presented to supplement the basic financial statements. -1-
STABILrl Y. ACCURACY. TRUST.

Item No.7I

Honorable City Council
City of Thousand Oaks
Such information, although not a part of the basic financial statements, is required by the GASB, 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. As part of our engagement, we will apply certain limited procedures to the required supplementary information (RSI) in accordance with auditing standards generally accepted in the United States of America, (U.S. GAAS) These limited procedures will consist primarily of inquiries of management regarding their methods of measurement and presentation, and comparing the information for consistency with management's responses to our inquiries We will not express an opinion or provide any form of assurance on the RSI:

1. Management's Discussion and Analysis

2. Major Fund Budgetary Comparison Schedules

3. Pension Related Schedules

4. OPES Related Schedules
Supplementary information other than RSI will accompany the City's basic financial statements. The identified supplementary information will be presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information, which is the responsibility of management, will be 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 auditing standards generally accepted in the United States of America. Our auditor's report will provide an opinion on the supplementary information in relation to the basic financial statements as a whole:

1. Non-major Budgetary Comparison Schedules

2. Combining Schedules

3. Combined Schedules

4. Schedule of Expenditures of Federal Awards, if applicable Also, the document we submit to you will include the following other additional information that will not be subjected to the auditing procedures applied in our audit of the financial statements:

1. Transmittal Letter

2. Statistical Section
Schedule of Expenditures of Federal Awards
We will subject the schedule of expenditures of federal awards to the auditing procedures applied in our audit of the basic financial statements and certain additional procedures, including comparing and reconciling the schedule to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and additional procedures in accordance with auditing standards generally accepted in the United States of America. We intend to provide an opinion on whether the schedule of expenditures of federal awards is presented fairly in all material respects in relation to the financial statements as a whole.

Data Collection Form
Prior to the completion of our engagement, we will complete the sections of the Data Collection Form that are our responsibility. The form will summarize our audit findings, amounts and conclusions. It is management's responsibility to submit a reporting package including financial statements, schedule of expenditure of federal awards, summary schedule of prior audit findings and corrective action plan along with the Data Collection Form to the federal audit clearinghouse. The financial reporting package must be text searchable, unencrypted, and unlocked. Otherwise, the reporting package will not be accepted by the federal audit clearinghouse. We will assist you in the electronic submission and certification. You may request from us copies of our report for you to include with the reporting package submitted to pass-through entities.
-2-
Item No.7I

Honorable City Council
City of Thousand Oaks
The Data Collection Form is required to be submitted within the earlier of 30 days after receipt of our auditors' reports or nine months after the end of the audit period, unless specifically waived by a federal cognizant or oversight agency for audits. Data Collection Forms submitted untimely are one of the factors in assessing programs at a higher risk.

Audit of the Financial Statements
We will conduct our audits in accordance GAAS, the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States of America; the audit requirements of Title 2 U S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) As part of an audit of financial statements in accordance with GAAS and in accordance with Government Auditing Standards, we exercise professional judgment and maintain professional skepticism throughout the audit We also
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. 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.
• 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 entity's internal control. However, we will communicate to you in writing concerning any significant deficiencies or material weaknesses in internal control relevant to the audit of the financial statements that we have identified during the audit. • 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, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Conclude, based on the audit evidence obtained, 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 a reasonable period of time.

Because of the inherent limitations of an audit, together with the inherent limitations of internal control, an unavoidable risk that some material misstatements or noncompliance (whether caused by errors, fraudulent financial reporting, misappropriation of assets, detected abuse or violations of laws or governmental regulations) may not be detected exists, even though the audit is properly planned and performed in accordance with U.S. GAAS and Government Auditing Standards of the Comptroller General of the United States of America. Please note that the determination of abuse is subjective and Government Auditing Standards does not require auditors to detect abuse.

Our responsibility as auditors is limited to the period covered by our audit and does not extend to any other periods.

We will issue a written report upon completion of our audit of the City's basic financial statements. Our report will be addressed to the City Council of the City. Circumstances may arise in which our report may differ from its expected form and content based on the results of our audit. Depending on the nature of these circumstances, it may be necessary for us to modify our opinions, add an emphasis-of-matter or other-matter paragraph(s) to our auditor's report, or if necessary, withdraw from the engagement If our opinions on the basic financial statements are other than unmodified, we will discuss the reasons with you in advance. If, for any reason, we are unable to complete the audit or are unable to form or have not formed opinions, we may decline to express opinions or to issue a report as a result of this engagement. -3-
Item No.7I

Honorable City Council
City of Thousand Oaks
In accordance with the requirements of Government Auditing Standards, we will also issue a written report describing the scope of our testing over internal control over financial reporting and over compliance with laws, regulations, and provisions of grants and contracts, including the results of that testing. However, providing an opinion on internal control and compliance over financial reporting will not be an objective of the audit and, therefore, no such opinion will be expressed.

Audit of Major Program Compliance
Our audit of the City's major federal award program(s) compliance will be conducted in accordance with the requirements of the Single Audit Act, as amended; and the Uniform Guidance, and will include tests of accounting records, a determination of major programs in accordance with the Uniform Guidance and other procedures we consider necessary to enable us to express such an opinion on major federal award program compliance and to render the required reports. We cannot provide assurance that an unmodified opinion on compliance will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or withdraw from the engagement.

The Uniform Guidance requires that we also plan and perform the audit to obtain reasonable assurance about whether material noncompliance with applicable laws and regulations, the provisions of contracts and grant agreements applicable to major federal award programs, and the applicable compliance requirements occurred, whether due to fraud or error, and express an opinion on the entity's compliance based on the audit 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 GM S, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists.

The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements is considered material if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the entity's compliance with the requirements of the federal programs as a whole.

As part of a compliance audit in accordance with GAAS and in accordance with Government Auditing Standards, we exercise professional judgment and maintain professional skepticism throughout the audit We also identify and assess the risks of material noncompliance, whether due to fraud or error, and design and perform audit procedures responsive to those risks.

Our procedures will consist of determining major federal programs and, performing the applicable procedures described in the U.S. Office of Management and Budget 0MB Compliance Supplement for the types of compliance requirements that could have a direct and material effect on each of the entity's major programs, and performing such other procedures as we consider necessary in the circumstances.

The purpose of those procedures will be to express an opinion on the entity's compliance with requirements applicable to each of its major programs in our report on compliance issued pursuant to the Uniform Guidance.

Also, as required by the Uniform Guidance, we will obtain an understanding of the entity's internal control over compliance relevant to the audit in order to design and perform tests of controls to evaluate the effectiveness of the design and operation of controls that we consider relevant to preventing or detecting material noncompliance with compliance requirements applicable to each of the entity's major federal award programs. Our tests will be less in scope than would be necessary to render an opinion on these controls and, accordingly, no opinion will be expressed in our report. However, we will communicate to you, regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we have identified during the audit.
-4-
Item No.7I

Honorable City Council
City of Thousand Oaks
We will issue a report on compliance that will include an opinion or disclaimer of opinion regarding the entity's major federal award programs, and a report on internal controls over compliance that will report any significant deficiencies and material weaknesses identified; however, such report will not express an opinion on internal control.

Management's Responsibilities
Our audit will be conducted on the basis that management acknowledge and understand that they have responsibility
• For the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; • 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;
• For identifying, in its accounts, all federal awards received and expended during the period and the federal programs under which they were received;
• For maintaining records that adequately identify the source and application of funds for federally funded activities;
• For preparing the schedule of expenditures of federal awards (including notes and noncash assistance received) in accordance with the Uniform Guidance; • For designing, implementing, and maintaining effective internal control over federal awards that provides reasonable assurance that the entity is managing federal awards in compliance with federal statutes, regulations, and the terms and conditions of the federal awards; • For identifying and ensuring that the entity complies with federal laws, statutes, regulations, rules, provisions of contracts or grant agreements, and the terms and conditions of federal award programs, and implementing systems designed to achieve compliance with applicable federal statutes, regulations, and the terms and conditions of federal award programs; • For disclosing accurately, currently, and completely the financial results of each federal award in accordance with the requirements of the award;
• For identifying and providing report copies of previous audits, attestation engagements, or other studies that directly relate to the objectives of the audit, including whether related recommendations have been implemented;
• For taking prompt action when instances of noncompliance are identified; • For addressing the findings and recommendations of auditors, for establishing and maintaining a process to track the status of such findings and recommendations and taking corrective action on reported audit findings from prior periods and preparing a summary schedule of prior audit findings;
• For following up and taking corrective action on current year audit findings and preparing a corrective action plan for such findings;
• For submitting the reporting package and data collection form to the appropriate parties; • For making the auditor aware of any significant contractor relationships where the contractor is responsible for program compliance;
• To provide us with:
- Access to all information of which management is aware that is relevant to the preparation and fair presentation of the financial statements including the disclosures, and relevant to federal award programs, such as records, documentation, and other matters;
- Additional information that we may request from management for the purpose of the audit;
Unrestricted access to persons within the entity,from whom we determine it necessary to obtain audit evidence;
- A written acknowledgement of all the documents that management expects to issue that will be included in the annual report and the planned timing and method of issuance of that annual report; and
-5-
Item No.7I

Honorable City Council
City of Thousand Oaks
- A final version of the annual report (including all the documents that, together, comprise the annual report) in a timely manner prior to the date of the auditor's report. • For adjusting the financial statements to correct material misstatements and confirming to us in the management representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the current year period under audit are immaterial, both individually and in the aggregate, to the financial statements as a whole;
• For acceptance of nonattest services, including identifying the proper party to oversee nonattest work;
• For maintaining adequate records, selecting and applying accounting principles, and safeguarding assets;
• For informing us of any known or suspected fraud affecting the entity involving management, employees with significant role in internal control and others where fraud could have a material effect on compliance;
• For the accuracy and completeness of all information provided; • For taking reasonable measures to safeguard protected personally identifiable and other sensitive information; and
• For confirming your understanding of your responsibilities as defined in this letter to us in your management representation letter.

With regard to the schedule of expenditures of federal awards referred to above, you acknowledge and understand your responsibility (a) for the preparation of the schedule of expenditures of federal awards in accordance with the Uniform Guidance, (b) to provide us with the appropriate written representations regarding the schedule of expenditures of federal awards, (c) to include our report on the schedule of expenditures of federal awards in any document that contains the schedule of expenditures of federal awards and that indicates that we have reported on such schedule, and (d) to present the schedule of expenditures of federal awards with the audited financial statements, or if the schedule will not be presented with the audited financial statements, to make the audited financial statements readily available to the intended users of the schedule of expenditures of federal awards no later than the date of issuance by you of the schedule and our report thereon.

As part of our audit process, we will request from management written confirmation concerning representations made to us in connection with the audit.

Nonattest Services
With respect to any nonattest services we perform, we will not assume management responsibilities on behalf of the City. However, we will provide advice and recommendations to assist management of the City in performing its responsibilities.

The City's management is responsible for (a) making all management decisions and performing all management functions; (b) assigning a competent individual to oversee the services; (c) evaluating the adequacy of the services performed; (d) evaluating and accepting responsibility for the results of the services performed; and (e) establishing and maintaining internal controls, including monitoring ongoing activities.

We will perform the services in accordance with applicable professional standards. Our responsibilities and limitations of the nonattest services are as follows:
• Data collection form preparation
Our firm, in its sole professional judgment, reserves the right to refuse to do any procedure or take any action that could be construed as making management decisions or assuming management responsibilities, including determining account coding and approving journal entries. -6-
Item No.7I

Honorable City Council
City of Thousand Oaks
Other
We understand that your employees will prepare all confirmations we request and will locate any documents or support for any other transactions we select for testing.

If you intend to publish or otherwise reproduce the basic financial statements and make reference to our firm, you agree to provide us with printers' proofs or masters for our review and approval before printing.

You also agree to provide us with a copy of the final reproduced material for our approval before it is distributed.

Regarding the electronic dissemination of audited financial statements, including financial statements published electronically on your Internet website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained in these sites or to consider the consistency of other information in the electronic site with the original document.

Professional standards prohibit us from being the sole host and/or the sole storage for your financial and non-financial data. As such, it is your responsibility to maintain your original data and records and we cannot be responsible to maintain such original information. By signing this engagement letter, you affirm that you have all the data and records required to make your books and records complete.

In addition, we will perform an agreed upon procedures engagement related to City's Appropriations Limit. The procedures have been agreed to by the City and the League of California Cities (as presented in the publication entitled Agreed-upon Procedures Applied to the Appropriations Limitation Prescribed by Article XIIIB of the California Constitution) and will be performed solely to assist the City in meeting the requirements of Section 1.5 of Article XIIIB of the California Constitution. The City's management will be responsible for the Appropriations Limit worksheet.

Government Auditing Standards require that we document an assessment of the skills, knowledge, and experience of management, should we participate in any form of preparation of the basic financial statements and related schedules or disclosures as these actions are deemed a non-audit service.

During the course of the engagement, we may communicate with you or your personnel via fax or e­ mail, and you should be aware that communication in those mediums contains a risk of misdirected or intercepted communications.

Our firm may transmit confidential information that you provided us to third parties in order to facilitate delivering our services to you. We have obtained confidentiality agreements with all our service providers to maintain the confidentiality of your information and we will take reasonable precautions to determine that they have the appropriate procedures in place to prevent the unauthorized release of confidential information to others. We will remain responsible for the work provided by any third-party service providers used under this agreement. By your signature below, you consent to having confidential information transmitted to entities outside the firm. Please feel free to inquire if you would like additional information regarding the transmission of confidential information to entities outside the firm.
-7-
Item No.7I

Honorable City Council
City of Thousand Oaks
Terry Shea, CPA is the engagement partner for the audit services specified in this letter. His responsibilities include supervising Rogers, Anderson, Malady & Scott, LLP's (RAMS) services performed as part of this engagement and signing or authorizing another qualified firm representative to sign the audit report.

Our fee for the audit is detailed in attachment B. We will notify you immediately of any circumstances we encounter that could significantly affect this initial fee estimate. Whenever possible, we will attempt to use the City's personnel to assist in the preparation of schedules and analyses of accounts. This effort could substantially reduce our time requirements and facilitate the timely conclusion of the audit Further, we will be available during the year to consult with you on financial management and accounting matters of a routine nature.

Our fee for this engagement assumes the following the City will be adequately prepared for the audit and the City's financial operations and working trial balance will be consistent from year to year If, after we receive the working trial balances, we notice there are excessive new accounts over the prior year; or if there are excessive subsequent journal entries; prepared by client workpapers that do not agree to the working trial balances, there are new funds/functions within the City, or other changes that necessitate a significant amount of time to address, we will need to come to an agreed upon change order to address any possible additional costs incurred by the firm. If the need for additional work does come to our attention, we will immediately notify City staff. If you choose to have us perform the additional work, then such work will be performed at the same hourly rates applicable to the audit work and set forth in an addendum to the contract between the City and our firm.

Management is also responsible for the implementation of new standards issued by the Governmental Accounting Standards Board. We will provide reasonable assistance in the preparation of the items noted herein, but any significant time needed to complete the financial statements will be billed separately.

Our proposed fee is also dependent on all items requested being completed in the format requested or in a mutually agreed upon format and uploaded to the Engagement Organizer hosted by our firm in a timely manner in accordance with the agree-upon audit timeline.

During the course of the audit, we may observe opportunities for economy in, or improved controls over, your operations We will bring such matters to the attention of the appropriate level of management, either orally or in writing.

You agree to inform us of facts that may affect the basic financial statements of which you may become aware during the period from the date of the auditor's report to the date the financial statements are issued.

We agree to retain our audit documentation or work papers for a period of at least seven years from the date of our report. Upon expiration of this period, we will be free to destroy our records related to the engagement However, we do not keep original client documents, so we will return those as they are used during each engagement. It is management's responsibility to retain and protect the records for possible future use, including examination by regulators and federal agencies.

We require that a copy of the final trial balance (i.e., a trial balance ready to audit) be delivered to us at least 10 business days prior to the start of the audit, otherwise we may reschedule the start of the audit -8-
Item No.7I

Honorable City Council
City of Thousand Oaks
At the conclusion of our audit engagement, we will communicate to the City Council the following significant findings from the audit
• Our view about the qualitative aspects of the entity's significant accounting practices; • Significant difficulties, if any, encountered during the audit; • Uncorrected misstatements, other than those we believe are trivial, if any; • Disagreements with management, if any;
• Other findings or issues, if any, arising from the audit that are, in our professional judgment, significant and relevant to those charged with governance regarding their oversight of the financial reporting process;
• Material, corrected misstatements that were brought to the attention of management as a result of our audit procedures;
• Representations we requested from management;
• Management's consultations with other accountants, if any; and • Significant issues, if any, arising from the audit that were discussed, or the subject of correspondence, with management.

The audit documentation for this engagement is the property of RAMS and constitutes confidential information. However, we may be requested to make certain audit documentation available to regulators, federal agencies, and to the U.S. Government Accountability Office pursuant to authority given to it by law or regulation, or to peer reviewers. If requested, access to such audit documentation will be provided under the supervision of Rogers, Anderson, Malady & Scott, LLP's personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the regulators. The regulators may intend, or decide, to distribute the copies of information contained therein to others, including other governmental agencies.

In accordance with the requirements of Government Auditing Standards, we have attached a copy of our latest external peer review report of our firm for your consideration and files.

Non-solicit Clause
We value each and every one of our clients as well as each and every one of our employees. We have spent a great deal of time and resources to locate, train and retain our employees. We respectfully request that you do not solicit our employees to work for you. If you do hire one of our employees within 2 years of when they last worked for RAMS, we will be due a finder's fee equal to 50% of the annual salary they were earning as of their last day of employment. Payment will be due within 10 days of your receipt of our invoice.

International Alliance Membership
RAMS is an independent member firm of Alliott Global Alliance, which is an international alliance of independent accounting, law, and specialist firms. Alliott Global Alliance and its member firms are legally distinct and separate entities. These entities are not and shall not be construed to be in the relationship of a parent firm, subsidiary, partner, joint venture, agent, or a network. No Alliott Global Alliance member firm has any authority (actual, apparent, implied, or otherwise) to obligate or bind Alliott Global Alliance or any other Alliott Global Alliance member firm in any manner whatsoever. Equally, neither Alliott Global Alliance nor any other member firm has any authority to obligate or bind RAMS or any other member firm. All Alliott Global Alliance members are independent firms, and as such, they each render their services entirely on their own account (including benefit and risk). In connection with the engagement contemplated by this letter or any other services from time to time provided by RAMS, RAMS may seek advice from or may recommend the retention of an Alliott Global Alliance member firm. Alliott Global Alliance and its other member firms shall have no liability for advice rendered by RAMS or such consulted or retained Alliott Global Alliance member firm. Nor shall RAMS have liability for advice rendered by any of the other Alliott Global Alliance member firms, even if consulted or recommended to you by RAMS.
-9-
Item No.7I

Honorable City Council
City of Thousand Oaks
Please sign and return this letter to indicate your acknowledgment of, and agreement with, the arrangements for our audit of the financial statements including our respective responsibilities. Keep a copy for your records.

We appreciate the opportunity to be your financial statement auditors and look forward to working with you and your staff.

Respectfully,

ROGERS, ANDERSON, MALODY & SCOTT, LLP
Terry Shea, CPA
Partner
RESPONSE:

This letter correctly sets forth our understanding.

Acknowledged and agreed on behalf of City of Thousand Oaks by Name: _C__,jJ .................. (. ....... l\A.-v~ tD~OJO-IL:::=::----~ - - - - Title: _ _ F_i_n_a_n_c_e_D_i_r_e_c_t_o_r _
Date: _ _ 0_5_/_09_/_2_2 _
-10-
Item No.7I

Attachment B

CITY OF THOUSAND OAKS

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES
FOR THE AUDIT OF THE JUNE 30, 2022 FINANCIAL ST A TEMENTS Service 2021-22
Audit of the City of Thousand Oaks (Including GANN AUP, Single Audit and Management Letter) $ 53,000
COSCA Audit 5,200
Housing Successor Compliance Audit 1,510
TOPASS Foundation Audit (Including Tax Preparation) 2,070 TOARTS Audit (Including Tax Preparation)* 9,500
CAFR Preparation" 8,700
Total for Fiscal Year (not-to-exceed) $ 79,980
*Optional
Item No.7I

Grant Bennett Associates A PROFESSIONAL CORPORATION
Report on the Firm's System of Quality Control
June 4, 2021
To the Partners of Rogers, Anderson, Malady & Scott, LLP, and the Peer Review Committee of the California Society of CPAs
We have reviewed the system of quality control for the accounting and auditing practice of Rogers, Anderson, Malady & Scott, LLP (the firm) in effect for the year ended November 30, 2020. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants (Standards).

A summary of the nature, objectives, scope, limitations of, and the procedures performed in a System Review as described in the Standards may be found at www.aic:pa.org/prsummary. The summary also includes an explanation of how engagements identified as not performed or reported in conformity with applicable professional standards, if any, are evaluated by a peer reviewer to determine a peer review rating.

Firm's Responsibility
The firm is responsible for designing a system of quality control and complying with it to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. The firm is also responsible for evaluating actions to promptly remediate engagements deemed as not performed or reported in conformity with professional standards, when appropriate, and for remediating weaknesses in its system of quality control, if any.

Peer Reviewer's Responsibility
Our responsibility is to express an opinion on the design of the system of quality control and the firm's compliance therewith based on our review.

Required Selections and Considerations
Engagements selected for review included engagements performed under Government Auditing Standards, including a compliance audit under the Single Audit Act, and an audit of an employee benefit plan.

As a part of our peer review, we considered reviews by requlatory entities as communicated by the firm, if applicable, in determining the nature and extent of our procedures.

Opinion
In our opinion, the system of quality control for the accounting and auditing practice of Rogers, Anderson, Malady & Scott, LLP in effect for the year ended November 30, 2020, has been suitably designed and complied with to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. Firms can receive a rating of pass, poss with deficiency(ies) or foil.

Rogers, Anderson, Malady & Scott, LLP has received a peer review rating of poss.

GRANT BENNETT ASSOCIATES

A PROFESSIONAL CORPORATION
Certified Public Accountants
10850 Gold Center Drive. Suite 260
Rancho Cordova, CA 95670
916/922-5109 FAX 916/641-5200
Princeville, HI 96722
888/769- 7 323
www.3b.icpa.coin
Item No.7I

ROGERS, AND ERSO I\I, i"IALO DY & SCOTT, LLP
c rn TIFIFD pu eu c ACCO UI\IT/\J,1 IS. Sll's!C E 19,JU May 9, 2022
735 E. Carnegie Dr. Suite I 00
San Bernardino, CA 92408
909 889 0871 T
909 889 5361 F
ramscpa. net

PARTNERS
Terry P Sh0~1. CP/\
Scott W. Manno. Cf'I\. CGM;\
Lee na Sh;111bh:1g. (_/-'1.\. 1· 1ST. CGl• i/\
13r:idlc1 d A Wclebif'. CPA. Mill\ . CGI' l/1
Jenny W Liu. CPA MST
Bre nda L. Odle. CPI\. MST tP:1rn11~1· FrnN 11u'ii

MANAGERS/ STAFF
C,~1rd0ny;1 D1w.111. Cl1A. (~CM/\
Briann;i Scl1ult.z. CP,\. CGMJ\
Scong-1-lye., l.oc. CPA. MBA
Evelyn fvlon:~1ll"i11~B;11"cc11;i_ Cl'A
V~rornc;-1 Hern.mdcz. CP.J\
l.aura Arvizu. CP1-\
Xi11l11 Zu~ Zh,111~. Cl'A. MS/\
Jolin Haldonado. CPA. MS/\
Thao Le. CPA MBA
Julia Rodnguez Fucrues. CP1\. MS;\

MEMBERS
Certified Puhli•: Acr.ouru ;uH:,
PCPS rtw 1\fCI'/\ 1\/11011<•'
fn1 CPA Filll!\
,:;nV('/fl()H'nfo/ A11d1l
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Cnlifornia Society of
Cer tifi8d Publir' /.l..cr ount.mrs
•
Proud Member of
AlliottGlobalAlliance·"
To the Honorable City Council
City of Thousand Oaks
Thousand Oaks, California
This letter is provided in connection with our engagement to audit the financial statements and to audit compliance over major federal award programs of the City of Thousand Oaks (the City) as of and for the year ended June 30, 2022. Professional standards require that we communicate with you certain items including our responsibilities with regard to the financial statement audit, the compliance audit, and the planned scope and timing of our audit.

As stated in our engagement letter dated May 9, 2022, we are responsible for conducting our audits in accordance with auditing standards generally accepted in the United States of America, and in accordance with Government Auditing Standards of the Comptroller General of the United States of America, the requirements of the Single Audit Act, as amended; and the provisions of the audit requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), for the purpose of forming and expressing opinions on the financial statements, and on major federal award program compliance. Our audit does not relieve you or management of your respective responsibilities.

Our responsibility as it relates to the schedule of expenditures of federal awards is to evaluate its presentation for the purpose of forming and expressing opinions as to whether it is presented fairly in all material respects in relation to the financial statements as a whole.

Our responsibility as it relates to the supplementary information, is to evaluate its presentation for the purpose of forming and expressing an opinion as to whether the information is fairly stated in all material respects in relation to the financial statements as a whole.

Our responsibility for the required supplementary information included in the document containing the audited financial statements and our report thereon includes only the information identified in our report. We have no responsibility for determining whether the required supplementary information is properly stated.

Our responsibility relating to other information, whether financial or nonfinancial information (other than financial statements and the auditor's report thereon), included in the entity's annual report includes only the information identified in our report. We have no responsibility for determining whether the introductory or statistical information is properly stated. We require that we receive the final version of the annual report (including all the documents that, together, comprise the annual report) in a timely manner prior to the date of the auditor's report, or if that is not possible, as soon as practicable and, in any case, prior to the entity's issuance of such information.
-1-
STABILITY. ACCURACY. TRUST.

Item No.7I

Honorable City Council
City of Thousand Oaks
Our audits will include examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be examined and the areas to be tested. Our audit procedures will also include determining major federal programs and performing the applicable procedures described in the U.S. Office of Management and Budget 0MB Compliance Supplement for the types of compliance requirements that could have a direct and material effect on each of the entity's major programs.

Because of the inherent limitations of an audit, together with the inherent limitations of internal control, an unavoidable risk that some material misstatements or material noncompliance may not be detected exists, even though the audit is properly planned and performed in accordance with U.S. GAAS, Government Auditing Standards of the Comptroller General of the United States of America, the requirements of the Single Audit Act, as amended; and the provisions of the Uniform Guidance.

Our audits will include obtaining an understanding of the entity and its environment, including its internal control, sufficient to assess the risks of material misstatement of the financial statements, the risk of material noncompliance in the major federal award programs, and as a basis for designing the nature, timing, and extent of further audit procedures, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control over financial reporting. However, we will communicate to you at the conclusion of our audit any material weaknesses or significant deficiencies identified. We will also communicate to you:
• Any violation of laws or regulations that come to our attention; • Our views relating to qualitative aspects of the entity's significant accounting practices, including accounting policies, accounting estimates, and financial statement disclosures; • Significant difficulties, if any, encountered during the audit; • Disagreements with management, if any, encountered during the audit; • Significant unusual transactions, if any;
• The potential effects of uncorrected misstatements on future-period financial statements; and • Other significant matters that are relevant to your responsibilities in overseeing the financial reporting process.

Although we are currently in the planning stage of our audit, we have identified the following significant risks during our audit to date that require special audit considerations:

Management's override of internal controls over financial reporting: Management override of internal controls is the intervention by management in handling financial information and making decisions contrary to internal control policy.

Revenue recognition: Management's failure to recognize revenue in accordance with generally accepted accounting principles.

These significant risks are presumptive in most audits and merit attention by the auditors due to the direct impact over financial reporting and internal control processes.

We expect to begin our audit on approximately May 31, 2022. Terry Shea, CPA is the engagement partner and is responsible for supervising the engagement and signing the report or authorizing another individual to sign it.

This information is intended solely for the information and use of the City Council and management of the City and is not intended to be and should not be used by anyone other than these specified parties.

Respectfully,
f()le,,.s/ A-~ a-,. M~ s. ~ ti/ LLP.
-2-
Item No.7I

Ci ty of l:inance l) cpartn1cr1t
2100 Thousand Oaks Boulevard • Thousand Oaks, C:1\ 'JI .1(,2 Pho ne 805/ 449.2200 • Fax KOS/.+49.2250 • www.t1.1aks.org December 6, 2022 Jaime Boscarino
Finance Director/Treasurer
Rogers, Anderson, Malody & Scott, LLP
735 E. Carnegie Drive, Suite 100
San Bernardino, California 92408
This representation letter is provided in connection with your audit of the financial statements of the City of Thousand Oaks, California (the City), which comprise the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information as of June 30, 2022, and the respective changes in financial position and, where applicable, cash flows for the year then ended, and the related notes to the financial statements, for the purpose of expressing opinions as to whether the financial statements are presented fairly, in all material respects, the financial position, results of operations, and cash flows, where applicable, of the various opinion units of the City in accordance with accounting principles generally accepted for governments in the United States of America (U.S. GAAP).

Certain representations in this letter are described as being limited to matters that are material.

Items are considered material, regardless of size, if they involve an omission or misstatement of accounting information that, in light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would be changed or influenced by the omission or misstatement.

We confirm that, to the best of our knowledge and belief, having made such inquiries as we considered necessary for the purpose of appropriately informing ourselves as of December 6, 2022:

Financial Statements
1) We have fulfilled our responsibilities, as set out in the terms of the audit engagement dated May 9, 2022, for the preparation and fair presentation of the financial statements of the various opinion units referred to above in accordance with U.S. GAAP. 2) We acknowledge our responsibility 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. 3) We acknowledge our responsibility for the design, implementation, and maintenance of internal control to prevent and detect fraud.
4) We acknowledge our responsibility for compliance with the laws, regulations, and provisions of contracts and grant agreements.
5) We have reviewed, approved, and taken responsibility for the financial statements and related notes.

Item No.7I

Fiscal Year 2021-22 Audit Management Representation
December 6, 2022

6) We have a process to track the status of audit findings and recommendations. 7) We have identified and communicated to you all previous audits, attestation engagements, and other studies related to the audit objectives and whether related recommendations have been implemented.
8) Significant assumptions we used in making accounting estimates, including those measured at fair value, are reasonable.
9) All related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of U.S. GAAP. 10) All events subsequent to the date of the financial statements and for which U.S. GAAP requires adjustment or disclosure have been adjusted or disclosed. 11) The effects of all known actual or possible litigation, claims, and assessments have been accounted for and disclosed in accordance with U.S. GAAP. 12) All component units are included and related organizations are properly disclosed. 13) All funds and activities are properly classified.
14) All funds that meet the quantitative criteria in GASS Statement No. 34, Basic Financial Statements- and Management's Discussion and Analysis- for State and Local Governments, GASS Statement No. 37, Basic Financial Statements- and Management's Discussion and Analysis- for State and Local Governments: Omnibus as amended, and GASB Statement No. 65, Items Previously Reported as Assets and Liabilities, for presentation as major are identified and presented as such and all other funds that are presented as major are considered important to financial statement users.
15) All components of net position, nonspendable fund balance, and restricted, committed, assigned, and unassigned fund balance are properly classified and, if applicable, approved. 16) Our policy regarding whether to first apply restricted or unrestricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position/fund balance are available is appropriately disclosed and net position/fund balance is properly recognized under the policy.
17) All revenues within the statement of activities have been properly classified as program revenues, general revenues, contributions to term or permanent endowments, or contributions to permanent fund principal.
18) All expenses have been properly classified in or allocated to functions and programs in the statement of activities, and allocations, if any, have been made on a reasonable basis. 19) All interfund and intra-entity transactions and balances have been properly classified and reported.
20) Deposit and investment risks have been properly and fully disclosed.

Item No.7I

Fiscal Year 2021-22 Audit Management Representation
December 6, 2022

21) Capital assets, including infrastructure assets, are properly capitalized, reported, and if applicable, depreciated.
22) Nonexchange and exchange financial guarantees, either written or oral, under which it is more likely than not that a liability exists have been properly recorded, or if we are obligated in any manner, are disclosed.
23) All required supplementary information is measured and presented within the prescribed guidelines.
24) With regard to investments and other instruments reported at fair value:
a) The underlying assumptions are reasonable and they appropriately reflect management's intent and ability to carry out its stated courses of action. b) The measurement methods and related assumptions used in determining fair value are appropriate in the circumstances and have been consistently applied. c) The disclosures related to fair values are complete, adequate, and in accordance with U.S. GAAP.
d) There are no subsequent events that require adjustments to the fair value measurements and disclosures included in the financial statements.
25) With regard to pensions and OPEB:
a) We believe that the actuarial assumptions and methods used to measure pension and OPEB liabilities and costs for financial accounting purposes are appropriate in the circumstances.

Information Provided
26) We have provided you with:
a) Access to all information, of which we are aware, that is relevant to the preparation and fair presentation of the financial statements of the various opinion units referred to above, such as records, documentation, meeting minutes and other matters. b) Additional information that you have requested from us for the purpose of the audit. c) Unrestricted access to persons within the City from whom you determined it necessary to obtain audit evidence.
o A written acknowledgement of all the documents that we expect to issue that will be included in the annual report and the planned timing and method of issuance of that annual report.
o A final version of the annual report (including all the documents that, together, comprise the annual report) in a timely manner prior to the date of the auditor's report. 27) All transactions have been recorded in the accounting records and are reflected in the financial statements.

Item No.7I

Fiscal Year 2021-22 Audit Management Representation
December 6, 2022

28) We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. 29) We have no knowledge of any fraud or suspected fraud that affects the City and involves:
a) Management,
b) Employees who have significant roles in internal control, or c) Others where the fraud could have a material effect on the financial statements. 30) We have no knowledge of any instances, that have occurred or are likely to have occurred, of fraud and noncompliance with provisions of laws and regulations that have a material effect on the financial statements or other financial data significant to the audit objectives, and any other instances that warrant the attention of those charged with governance, whether communicated by employees, former employees, vendors (contractors), regulators, or others. 31) We have disclosed to you the identity of the City's related parties and all the related party relationships and transactions of which we are aware.
32) There have been no communications from regulatory agencies concerning noncompliance with or deficiencies in accounting, internal control, or financial reporting practices. 33) The City has no plans or intentions that may materially affect the carrying value or classification of assets and liabilities.
34) We have disclosed to you all guarantees, whether written or oral, under which the City is contingently liable.
35) We have disclosed to you all significant estimates and material concentrations known to management that are required to be disclosed in accordance with GASB Statement No. 62 (GASB-62), Codification of Accounting and Financial Reporting Guidance Contained in Pre­ November 30, 1989 FASB and AICPA Pronouncements. Significant estimates are estimates at the balance sheet date that could change materially within the next year. Concentrations refer to volumes of business, revenues, available sources of supply, or markets or geographic areas for which events could occur that would significantly disrupt normal finances within the next year.
36) We have identified and disclosed to you the laws, regulations, and provisions of contracts and grant agreements that could have a direct and material effect on financial statement amounts, including legal and contractual provisions for reporting specific activities in separate funds. 37) There are no:
a) Violations or possible violations of laws or regulations, or provisions of contracts or grant agreements whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency, including applicable budget laws and regulations.
b) Un asserted claims or assessments that our lawyer has advised are probable of assertion and must be disclosed in accordance with GASB-62.

Item No.7I

Fiscal Year 2021-22 Aud it Management Representation
December 6, 2022

c) Other liabilities or gain or loss contingencies that are required to be accrued or disclosed by GASB-62.
38) The City has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets nor has any asset or future revenue been pledged as collateral, except as disclosed to you.
39) We have complied with all aspects of grant agreements and other contractual agreements that would have a material effect on the financial statements in the event of noncompliance.

Supplementary Information in Relation to the Financial Statements as a Whole 40) With respect to the City's supplementary information:
a) We acknowledge our responsibility for the presentation of the supplementary information in accordance with U.S. GAAP.
b) We believe the supplementary information, including its form and content, is fairly presented in accordance with U.S. GAAP.
c) The methods of measurement and presentation of the supplementary information have not changed from those used in the prior period.
d) We have disclosed to you any significant assumptions or interpretations underlying the measurement and presentation of the supplementary information. e) We acknowledge our responsibility to include the auditor's report on the supplementary information in any document containing the supplementary information and that indicates the auditor reported on such supplementary information. f) We acknowledge our responsibility to present the supplementary information with the audited financial statements or, if the supplementary information will not be presented with the audited financial statements, to make the audited financial statements readily available to the intended users of the supplementary information no later than the date of issuance by the City of the supplementary information and the auditor's report thereon.

Required Supplementary Information
41) With respect to the required supplementary information accompanying the financial statements:
a) We acknowledge our responsibility for the presentation of the required supplementary information in accordance with US. GAAP.
b) We believe the required supplementary information, including its form and content, is measured and fairly presented in accordance with U.S. GAAP. c) The methods of measurement or presentation have not changed from those used in the prior period.

Item No.7I

Fiscal Year 2021-22 Audit Management Representation
December 6, 2022

d) We have disclosed to you any significant assumptions or interpretations underlying the measurement and presentation of the supplementary information. 42) Arrangements with financial institutions involving compensating balances or other arrangements involving restrictions on cash balances, line of credit, or similar arrangements have been properly disclosed.
43) We believe that the actuarial assumptions and methods used to measure pension and other postemployment benefit liabilities and costs for financial accounting purposes are appropriate in the circumstances.
44) We do not plan to make frequent amendments to the City's pension or other postretirement benefit plans.

Signature: ~ £vi), ~ Title: FinanceDie ctor
Item No.7I

City of
Thousand Oaks
To:

From:

Date:

Andrew P. Powers, City Manager
Jaime Boscarino, Finance Director
December 21, 2022
Finance Department

MEMORANDUM
2 l 00 Thousand Oaks Boulevard • Thousand Oaks, CA 9 l 362 Phone 805/-.49.2200 • fax 805/-+49.2250 • www.toaks.org Subject: City of Thousand Oaks Appropriations Limit Worksheet Fiscal Year 2021-22 Enclosed is a copy of the City of Thousand Oaks Appropriations Limit Worksheet for the Fiscal Year ended June 30, 2022. The annual audit of the City's GANN Limit calculation ensures compliance with requirements of Section 1.5 of Article XIII-B of the California Constitution. The City's appropriations subject to the limit is $84,774,157, well within the $197,163,577 appropriations limit calculation at June 30, 2022. City Council annually adopts a resolution approving the GANN appropriations limit calculation. The resolution for the GANN appropriations limit calculation for the Fiscal Year Ended June 30, 2022 was adopted by City Council on June 22, 2021.

Rogers, Anderson, Malady & Scott, LLP, the City's external auditors, applied agreed-upon procedures and found no exceptions in meeting the requirements prescribe by Article XIII-B of the California Constitution.

Copies of the report have also been included for each member of the City Council. I would be pleased to meet with you, or individual City Councilmembers interested in a more in-depth discussion of the report. Please feel free to contact me at x2220.

JaiBoscarino
Finance Director
Attachment
H:\COMMON\ACFLR\CAFR 2022\ACFR Distribution\Transmittal Letters\GANN Letter to Council.docx toaks.org
ATTACHMENT #4
Item No.7I

RO GERS. AI\IDERSO hl. 1'1ALO DY & SCOTT. LLP
.r r: I Ii Ir L; l'I ![',I_I( ;~( ( ' ,1 II H ;,; 11 ', ',II,, f I ,.1;_, 735 E. Carnegie Dr. Suite I 00
San Bernardino. CA 92408
909 B89 0871 T
909 889 5361 F
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Proud Member of
AlliottGlobalAlliance ~
Independent Accountant's Report
To the Honorable City Council
City of Thousand Oaks
Thousand Oaks, California
We have performed the procedures enumerated below (as presented in the publication entitled Agreed-upon Procedures Applied to the Appropriations Limitation Prescribed by Article X/11-8 of the California Constitution) to the accompanying Appropriations Limit Worksheet for the year ended June 30, 2022. The City of Thousand Oaks (the City) management is responsible for the accompanying Appropriations Limit Worksheet for the year ended June 30, 2022.

The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting the City in meeting the requirements of Section 1.5 of Article XIII-B of the California Constitution. Additionally, the League of California Cities has agreed to and acknowledged that the procedures performed are appropriate to meet for their purposes. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.

The procedures and the associated findings are as follows:

1. We obtained the completed worksheets and compared the limit and annual adjustment factors included in those
worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned documents to those that were selected by a recorded vote of the City Council.

Finding: No exceptions were noted as a result of our
procedures.

2. For the accompanying Appropriations Limit worksheet, we added last year's limit to total adjustments and agreed the resulting amount to this year's limit.

Finding: No exceptions were noted as a result of our
procedures .
- 1 -
ST/1,BILITY . ACCURACY. TRUST
Item No.7I

3. We agreed the current year information presented in the accompanying Appropriations Limit Worksheet to the other documents referenced in number one above.

Finding: No exceptions were noted as a result of our procedures.

4. We agreed the prior year appropriations limit presented in the accompanying Appropriations Limit Worksheet to the prior year appropriations limit adopted by the City Council during the prior year.

Finding: No exceptions were noted as a result of our procedures.

We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA.

We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on accompanying Appropriations Limit Worksheet for the year ended June 30, 2022. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

This report is intended solely for the information and use of the City Council and management of the City of Thousand Oaks, California, and is not intended to be and should not be used by anyone other than these specified parties. However, this report is a matter of public record and its distribution is not limited.
'r- ,4-~ .._, M~ Jl. k tt, LLP.

San Bernardino, California
December 6, 2022
- 2 -
Item No.7I

CITY OF THOUSAND OAKS

APPROPRIATIONS LIMIT COMPUTATION
FISCAL YEAR 2021 - 2022
Change in California Per Capita Personal Income
Change in the Population for the
County of Ventura
Change in California Per Capita Personal Income
Converted to a Ratio
Change in County of Ventura Population
Converted to a Ratio
Calculation of Growth Factor (1.057300 x 0.993000)

5.73%
-0.70%

1.057300

0.993000

1.049899
Fiscal Year 2020 - 2021 Limit
Fiscal Year 2021 - 2022 Limit
($187,792,899 X 1.049899)
Appropriations limit per resolution
$ 187,792,899
$ 197,163,577
$ 197,163,577
- 3 -
Item No.7I

TO:Andrew P. Powers, City Manager
FROM:Jaime Boscarino, Finance Director
DATE:January 10, 2023
SUBJECT: Lease Agreement between City and County of Ventura RECOMMENDATION:

1. Approve Civic Arts Plaza Suite E Lease Agreement with County of Ventura for the term of February 1, 2023 through December 31, 2026.

2. Approve budget appropriation and authorize revenue increase in the amount of $14,150 in FY 2022-23 to A/C #001-0000-471-9900 (Rental of City Facilities/Rental Revenues).

3. Find that this action is not a project as defined under the California Environmental Quality Act.

FINANCIAL IMPACT:
$14,150 Increase to Adopted FY 2022-23 General Fund Revenue Budget.

County of Ventura (County) will pay the City monthly rent of $2,830 with annual escalations based on Consumer Price Index (CPI). First agreement year revenue will be $33,960. Increase of $14,150 to Adopted FY 2022-23 General Fund Revenue Budget. Revenue for future years will be included as part of the upcoming biennial budget process.

BACKGROUND:

The City and County have enjoyed a long and collaborative relationship over many years through cooperative agreements that benefit both agencies and more importantly the citizens of Ventura County. Recent agreements with the City include County Clerk and Recorder’s use of office space at CAP and use at multiple locations for ballot drop boxes, the Watershed Protection District’s use of the CAP roof for a weather station, the Ventura County Sheriff’s Office use of space for a police resource center, and use of the Community Gallery in Newbury Park by the County for a Covid testing center.

In December 2022, the City was approached by Ventura County Supervisor-elect Item No.7J

Lease Agreement between City and County of Ventura
January 10, 2023

Jeff Gorell to utilize space available at the CAP for his offices beginning in early 2023. Staff determined that Suite E, the approximate 1,451 square foot space previously occupied by TOArts, is a suitable option. A portion of Suite E is currently used for a City staff member’s office that can easily be relocated. The remaining areas of Suite E are vacant.

DISCUSSION/ANALYSIS:

City and County staff, as well as the Supervisor-elect and his staff, toured Suite E in mid-December. It was unanimously agreed upon that the space would satisfy Supervisor-elect Gorell’s needs, the location would be beneficial for the public, and would help foster a strong relationship with City staff for future Countywide discussions.

The Suite E lease agreement (Attachment #1) has similar terms as the County Clerk’s agreement with a monthly market rent of $2.00 per square foot for comparable spaces. The City will provide basic utilities, cleaning, and maintenance. The County will be responsible for any furniture and office remodel costs. The termination of the agreement at the end of December 2026 corresponds to the term of office for Supervisor-elect Gorell.

This lease does not involve demolition or development and the lease term is relatively short (less than five (5) years). For these reasons the lease is not a disposition of property as defined in the Surplus Lands Act (Act) and does not need to be publicly declared surplus and follow the process as dictated in the Act.

Approval of this lease benefits the citizens of Thousand Oaks by providing convenient access to the District 2 County Supervisor’s office, filling currently under-utilized space, and continuing a long history of cooperative agreements with the County.

COUNCIL GOAL COMPLIANCE:

Meets the following City Council goals:

C. Operate City government in a fiscally and managerially responsible and prudent manner to ensure that the City of Thousand Oaks remains one of California's most desirable places to live, work, visit, recreate, and raise a family.

H. Participate in public-private and multi-jurisdictional opportunities to ensure residents have access to high levels of parks, recreation, education and leisure programs and services.

PREPARED BY: Elizabeth Perez, Facilities Manager
Item No.7J

Lease Agreement between City and County of Ventura
January 10, 2023

Attachments:

Attachment #1 – Lease Agreement with County of Ventura
FIN:201-10\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Staff Report.doc Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx

LEASE AGREEMENT BETWEEN CITY OF THOUSAND OAKS AND

COUNTY OF VENTURA FOR OFFICE SPACE AT CIVIC ARTS PLAZA
THIS Lease Agreement (“Agreement”), effective as of January 10, 2023 (“Effective Date”) , is made and entered into by and between the CITY OF THOUSAND OAKS, a municipal corporation (“CITY”), and COUNTY OF VENTURA, (“LESSEE”). CITY and LESSEE may be referred to individually as a “Party” or collectively as the “Parties.”

RECITALS
WHEREAS, CITY is the owner of Civic Arts Plaza consisting of two theaters, offices and parking structure, located at 2100 E. Thousand Oaks Blvd., Thousand Oaks, California (“Plaza”); and
WHEREAS, LESSEE desires to lease approximately 1,415 square feet of office space within the Plaza’s tenant spaces, commonly known as Suite E identified in Exhibit “A” hereto, (the “Premises”), for use by the Ventura County District 2 Supervisor and his or her staff (“O CCUPANT”). CITY desires to lease the Premises to LESSEE for general office use pursuant to the provisions stated in this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants herein contained, and other good and valuable consideration the Parties hereto agree as follows:

AGREEMENT

1. RECITALS. The above recitals are incorporated herein by this reference.

2. DEFINITIONS.

Unless the context otherwise requires , the terms defined in this Section 2 shall have the meanings as set forth below:
“Anniversary Date” means, for purposes of annual rent adjustments, the 1st day of February.
“Common Areas” mean all areas and facilities outside the Premises and within the Plaza boundaries that are accessible to the public and for the general use and convenience of the OCCUPANT and OCCUPANT's employees, customers, or invitees. Common Areas include without limitation, the Parking Structure, parking lot adjacent to second floor entrance, restrooms, walkways, paths of travel to parking areas from the Premises.

ATTACHMENT #1
Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx “Exclusive Areas” means all areas and facilities in the Plaza that are not accessible to the public.
“Monthly Rent” means the amount due/owed as consideration every month by LESSEE under Section 7 of this Use Agreement.
“Parking Structure ” means the building at th e Plaza which is designed specifically for automobile parking and contains approximately 773 spaces on 5 ½ levels.

3. AGREEMENT TO LEASE.

Pursuant to the provisions set forth herein, CITY hereby agrees to lease Premises to LESSEE and permit LESSEE to use the Premises for the Term of this Agreement, and grants to LESSEE the appurtenant rights set forth below .

LESSEE hereby agrees to use the Premises on the terms and conditions set forth herein.

4. TERM AND RENEWAL.

The term of this Agreement shall commenc e on February 1, 20 23 and terminate at midnight on December 31, 2026 (“Term”).

5. TERMINATION.

CITY and LESSEE retain the right, in their sole and absolute discretion and without cause, to terminate the Agreement upon 120 days ’ prior written notice to the other Party.

In the event this Agreement is terminated, for reasons other than those stated in Section 21 of this Agreement, LESSEE shall remove all personal property and vacate the Premises by the termination date, and LESSEE shall not have the right to occupy the Premises. Should LESSEE continue to occupy the space after termination, without the express writte n consent of CITY, it is agreed that said occupancy shall constitute a trespass and that, in addition to any other remedies available to it, CITY shall be entitled to seek immediate injunctive relief.

6. APPURTENANT RIGHTS.

The appurtenant rights granted to LESSEE under this Agreement are as follows:
a) The right of non -exclusive pedestrian ingress and egress through the Common Areas of the Plaza to the Premises.

Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx b) The non-exclusive right to use of parking spaces for parking purposes only in the Parking Structure and surface parking area adjacent to the second - floor entrance, and public restrooms.

c) Use of Plaza telephone system infrastructure subject to coordination with CITY’s IT Division. LESSEE to be responsible for phone services and any related charges.

d) Additional access to CITY’s facilities such as IT and infrastructure closets , as may from time to time be needed by the LESSEE, may be granted and supervised through the City’s Facilities Division.

7. RENT

a) Amount: LESSEE shall pay to CITY the monthly rent of $ 2,830 (calculated as 1,415 square feet at approximately $2. 00 per square foot per month) commencing on February 1, 2023.

b) Rent Due Date: Rent shall be paid to City on or before the first day of each and every calendar month, in lawful money of the United States of America.

c) Rent Escalation: Beginning on month 13 of the Term of this Agreement and each annual anniversary date ther eafter, the rent shall be increased according to the change in the Consumer Price Index for All Urban Consumers - Los Angeles-Riverside-Orange County (CPI) as published by the United States Department of Labor, Bureau of Labor Statistics. The increase shall be calculated by the percentage increase, if any, in CPI using the most recently published CPI index or using the CPI index available sixty (60) days prior to the annual renewal.

No later than thirty (30) days prior to each anniversary date of the Agreement, CITY shall give LESSEE written notice of the increase in monthly rent for the ensuing 12-month period.

8. ACCEPTANCE OF PREMISES.

LESSEE accepts the Premises as-is. At all times during the Term of this Agreement and at LESSEE’s sole cost, LESSEE shall keep the Premises in good condition and repair excluding ordinary wear and tear and damage to the Premises by fire, earthquake, act of God, or from the elements. At the end of the Term of this Agreement, LESSEE shall surrender t he Premises to CITY in the same condition as when the Premises were received, excluding ordinary wear and tear and damage by fire, earthquake, act of God, or from the elements. CITY has no obligation and has made no promise to alter, remodel, improve, repair, decorate or paint the Premises or any part thereof. CITY has made no representations respecting the condition of the Premises or the building, except as specifically set Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx forth in this Agreement. LESSEE warrants that it has inspected the Premises and accepts them as-is.

9. LESSEE RESPONSIBILITIES.

LESSEE shall be solely responsible for and shall pay for all costs, expenses, and services in connection with this Agreement, including but not limited to office secretarial/reception services, supplies, postage, telephone service, office equipment and other equipment, services and fixtures LESSEE deems are necessary for its operation in the Premises.

LESSEE shall be responsible for and shall pay any and all taxes and assessments of any nature whatsoever, including, but not limited to, personal property taxes, possessory interest taxes, excise taxes, ad valorum taxes, and public improvements assessments, if any levied as the result of this Agreement or upon LESSEE and/or the Premises.

The amounts payable hereunder shall be paid by LESSEE directly to the taxing entity, insurance company, entity, person or persons to whom such amounts shall be due and payable. LESSEE shall pay all such amounts when due, or when such amounts may be paid without penalty.

LESSEE shall be responsible for ensuring that O CCUPANT understands and agrees to abide by the terms and conditions of this Agreement while using the Premises.

10. USE LIMITATIONS: HAZARDOUS SUBSTANCES.

The use of the Premises shall be restricted solely to general office use as the local administrative office for the District 2 County Board of Supervisor and related staff. Without prior written approval of CITY, LESSEE shall not engage in any activity in or about the Premises that constitutes a reportable use of any hazardous substance, nor shall LESSEE store any hazardous substance.

LESSEE shall not use the Premises in a manner that creates waste or a public or private nuisance, or unreasonably disturbs the occupants of the Plaza.

11. SECURITY AND ACCESS.

LESSEE and OCCUPANT will have access to Premises at all times.

LESSEE and/or OCCUPANT shall be issued three sets of keys to the Premises and will be responsible for securing said Premises. Only LESSEE, the OCCUPANT, and their employees, staff, volunteers, or invited guests may access the Premises after regular business hours.

Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx CITY shall issue access cards for 24/7 access to the Premises and parking structure. A maximum of ten cards will be issued during the Term of this Agreement. Additional or lost cards will be replaced at a cost of $10.00 per card.

12. QUIET ENJOYMENT.

CITY covenants and agrees that LESSEE, by keeping and performing the covenants and agreements herein contained, shall, at all times during the Term hereof, peaceably and quietly have, hold and enjoy Premises . LESSEE acknowledges the Premises is located at a facility that houses City Hall offices/lobbies and two public theatres which will have normal pedestrian noise associated with its location.

13. CITY RESPONSIBILITIES.

a) CITY shall provide LESSEE janitorial services, at CITY's expense and clean the interior of the Premises. CITY, at its expense, will also clean, maintain and repair the public and common areas of the Premises, including lobbies, stairs, elevators, corridors, restrooms, all exterio r landscaping, windows, the mechanical, plumbing, and electrical equipment serving the Premises and the structure itself, in reasonably good order and condition so as to meet the reasonable needs of LESSEE, except for damage, excluding normal wear and tear, caused by the LESSEE. Damage by LESSEE shall be repaired by C ITY at LESSEE's expense. The standard for janitorial services and of maintenance shall be equal to that of other LESSEE spaces at the Plaza.

b) CITY shall furnish (i) electricity for lighting a nd the operation of office machines; (ii) heat and air conditioning will be provided to the same extent that such climate control is maintained and programmed for the majority of the Plaza during regular business hours with an over -ride option for LESSEE’s use after-hours including weekends; (iii) general trash collection from the Plaza; (iv) lighting replacement for building standard lights; (v) restroom supplies; (vi) reasonable window washing; and (vii) water and wastewater services for the restrooms. C ITY may establish reasonable measures to conserve energy and water including, but not limited to, automatic light shut -off after hours and other energy efficiency measures, so long as these measures do not unreasonably interfere with LESSEE’s use of the Premises.

c) CITY shall not be in default under this Agreement, nor be liable for any damages resulting from, nor shall the required rent be abated because of (i) installation, use or interruption of use of any equipment in connection with furnishing the previously listed services; (ii) failure to furnish or delay in furnishing these services, when failure or delay is caused by accident or conditions beyond the reasonable control of C ITY or by necessary repairs Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx or improvements to the Premises or to the bui lding; or (iii) the limitation, curtailment, rationing, or restrictions on use of water, electricity, gas, or any other form of energy serving the Premises or the building. CITY shall use reasonable efforts to diligently remedy interruptions in the furnis hing of these services.

14. INSURANCE.

Without limiting LESSEE's indemnification of CITY, and prior to occupation of the Premises, LESSEE shall obtain, provide, and maintain at its own expense during the term of this Agreement, and any extension thereof, policies of insurance of the type and amounts described below and in a form that is satisfactory to the CITY.

Coverage shall be at least as broad as:

a) Commercial General Liability (CGL): LESSEE shall, at LESSEE’s sole cost and expense and throughout the term of this Agreement, and any extensions thereof, carry General Liability insurance coverage in an amount not less than $2,000,000 per occurrence, $4,000,000 general aggregate for bodily injury, personal and advertisin g injury and property damage, including with limitation, blanket contractual liability.

b) Workers' Compensation: LESSEE shall, at LESSEE's sole cost and expense and throughout the term of this Agreement, and any extensions thereof, carry workers' compensation statutory benefits as required by law with employer's liability limits no less than $1,000,000 per accident for bodily injury or disease. LESSEE shall submit to CITY, along with the certificate of insurance, a Waiver of Subrogation endorsement in favor of the CITY, its officers, agents, employees and volunteers for all work performed by LESSEE, its employees, agents and subcontractors.

Other Insurance Provisions

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

Additional Insured Status

CITY, its officers, officials, employees and volunteers are to be covered as additional insureds on the CGL policy with respect to liability arising out of LESSEE's use of Premises, and Plaza in general, and all appurtenant right areas.

CITY's Rights of Enforcement

In the event any policy of insurance required under this Agreement does not comply with these specifications or is cancelled and not replaced, CITY has the right but not the duty to obtain the insurance it deems necessary and any premium paid by the CITY will be promptly reimbursed by LESSEE, or CITY will withhold Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx amounts sufficient to pay premium from LESSEE’s payments. In the alternative, CITY may cancel this Agreement.

CITY's Right to Revise Specifications

CITY reserves the right at any time during the Term of the Agreement to change the amounts and types of insurance required by giving the LESSEE ninety (90) days’ advance written notice of such change. If such change results in substantial additional cost to the LESSEE, CITY and LESSEE may renegotiate LESSEE's compensation.

Primary Coverage

For any claims related to this Agreement, the LESSEE's insurance coverage shall be primary insurance as respects the CITY, its officers, officials, employees and volunteers. Any insurance or self -insurance maintained by the CITY, its officers, officials, employees or volunteers shall be excess of the LESSEE's insurance and shall not contribute with it.

Notice of Cancellation

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

Deductibles and Self-Insured Retentions

Any deductibles or self-insured retentions must be declared to and approved by the CITY. CITY may require the LESSEE to provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention.

Waiver of Subrogation

All insurance coverage maintained or procured pursuant to this Agreement shall be endorsed to waive subrogation against the CITY, its officers, officials, employees or volunteers or shall specifically allow LESSEE or others providing insurance evidence in compliance with these specifications -to waive their right of recovery prior to a loss. LESSEE hereby waives his own right of recovery against CITY, and shall require similar written express waivers and insurance clauses from each of its subcontractors. Copies of these waivers shall be submitted to the CITY prior to commencement of work.

Claims Made Policies

If any of the required policies provided coverage on a claims-made basis:

Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx a) The Retroactive Date must be shown and must be before the date of the Agreement or the beginning of contract work.

b) Insurance must be maintained and evidence of insurance must be provided for at least five (5) years after completion of the work required under this Agreement.

c) If coverage is canceled or non -renewed, and n ot replaced with another claims-made policy form with a Retroactive Date prior to the Effective Date, LESSEE must purchase "extended reporting" coverage for a minimum of five (5) years after completion of Agreement work.

Verification of Coverage

LESSEE shall provide CITY with copies of certificates (on CITY certificate form or an Accord form as modified per CITY’s direction) for all policies, or proof of self - insured status and limits, with the appropriate named additional insured coverage and an endorsement that they are not subject to cancellation without 30 days prior written notice to CITY. LESSEE shall also provide proof of workers' compensation coverage for all LESSEE employees or, at a minimum, those LESSEE employees expected to work at the subject location. All certificates and endorsements are to be received and approved by CITY before LESSEE improvements are initiated or, if no LESSEE improvements anticipated, before occupancy. However, failure to obtain the required documents prior to the work beginning shall not waive LESSEE's obligation to provide them. CITY reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time.

15. NO ASSIGNMENT AND SUBLEASE.

LESSEE may not mortgage, encumber, pledge, assign, sublease or transfer any interest of the LESSEE in this Agreement or the Premises by voluntary act or by operation of law, or otherwise. Any such act w ill result in automatic termination of this Agreement.

16. DESTRUCTION.

If during the term, the Premises are totally or partially destroyed from any cause, rendering the same totally or partially inaccessible or unusable, this Agreement shall automatically t erminate. In such event neither Party shall have an obligation to the other Party under this Agreement except Section 20 shall survive said termination.

Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx

17. ADDITIONS AND IMPROVEMENTS.

a) Except as authorized in this section, LESSEE shall not have the right to make any improvements, additions or structural alterations to the Premises without the written approval of the CITY’s Facilities Division prior to commencement of any work . LESSEE shall not attach or alter wiring, plumbing, ducts, or fixtures. LESSEE may make aesthetic changes relating only to carpeting and wall coverings (with compatible exterior design impacts) with the prior written consent of the CITY. All desks, office partitions/furniture, free-standing furniture, other equipment and other personal property shall be the property of LESSEE unless otherwise designated as property of CITY. LESSEE may not alter the exterior of the building or entryway or alter any CITY approved wi ndow covering/drape in such a manner that such covering/drape is visible from the exterior of the building without the consent of CITY.

b) Any and all LESSEE improvements will be completed by the LESSEE at LESSEE’s cost and shall comply with all required permits, codes and regulations. All improvements must be approved by CITY in writing prior to commencement of any work.

18. RIGHT OF ENTRY: INSPECTION.

Representatives of CITY shall, upon reasonable notice and subject to reasonable security precautions and the personnel and time constraints of LESSEE, have the right to enter upon Premises at all times: (i) to inspect, maintain, and repair the same; (ii) for any purpose connected with the rights or obligations of CITY under this Agreement; (iii) to determine compliance with this Agreement; or (iv) for all other lawful purposes.

19. REPAIRS AND GOVERNMENT REGULATIONS.

a) LESSEE shall not be obligated to make any repairs, replacements or renewals of any kind, nature or description whatsoever to Premises, and LESSEE hereby expressly waives all right to make repairs at CITY's expense under sections 1941 and 1942 of the California Civil Code, or any amendments thereof. Notwithstanding the forego ing, LESSEE shall be responsible for the cost of repairs beyond normal wear and tear to the Premises even if paid for by CITY.

b) LESSEE shall comply with and abide by all federal, state, county, municipal and other governmental statutes, ordinances, laws and regulations affecting Premises, or any activity or condition on or in Premises.

Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx

20. HOLD HARMLESS AND INDEMNITY.

a) Hold Harmless for LESSEE’s Damages. LESSEE holds CITY, its elected officials, officers, agents, and employees, harmless from all of LESSEE’s claims, demands, lawsuits, judgments, damages, losses, injuries or liability to LESSEE, to LESSEE’s elected officials, officers, agents and employees, to LESSEE’s contractors or subcontractors, or to customers/invitees of LESSEE, which damages, losses, injuries or liability occur during any of the obligations or activities required under this Agreement, or occur while LESSEE or OCCUPANT is on the Premises or Plaza , or wh ich are connected, directly or indirectly, with LESSEE's performance of any activity or obligation required under this Agreement, except for such loss or damage which is caused by the sole negligence or willful misconduct of CITY.

b) Defense and Indemnity of Third-Party Claims/Liability. LESSEE shall indemnify, defend with legal counsel approved by CITY, and hold harmless CITY, its officers, officials, employees and volunteers from and against all liability including, but not limited to, loss, damage, expense, cost (including without limitation reasonable legal counsel fees, expert fees and all other costs and fees of litigation) of every nature arising out of or in connection with LESSEE's negligence, recklessness or willful misconduct in the performance of work hereunder or its failure to comply with any of its obligations contained in the Agreement, except for such loss or damage which is caused by the sole negligence or willful misconduct of CITY.

c) Failure of Any Building System at t he Premises. In the event of any failure of any building system or element in the Premises that is a CITY responsibility pursuant to Section 13, CITY shall defend, indemnify and hold harmless LESSEE and its elected officials, officers, directors, agents, employees, subcontractors and volunteers from and against all third -party demands, claims, actions, liabilities, losses, damages and costs, including reasonable attorney’s fees, arising out of or related to any death, bodily injury or property damage resulting from such failure, except as to any loss or damage as may arise from the sole negligence of LESSEE.

d) Nonwaiver. CITY does not waive, nor shall be deemed to have waived, any indemnity, defense or hold harmless rights under this section because of the acceptance by C ITY, or the deposit with C ITY, of any insurance certificates or policies described in Section 14.

21. LESSEE'S DEFAULTS AND CITY’S REMEDIES.

a) The following shall constitute events of default by LESSEE:

Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx i. LESSEE does not timely remit payment of any rent or other moneys due hereunder and such nonpayment continues for a period of ten (10) days after written notice thereof to LESSEE.

ii. LESSEE fails in the performance or observance of any of the other agreements, covenants or conditions of this Agreement on the part of LESSEE to be performed and observed and such default shall continue for a period of thirty (30) days after written notice thereof to LESSEE or, in the case of a default which cannot be cured by the payment of money and cannot be cured within thirty (30) days, shall continue for an unreasonable period after such written notice.

iii. LESSEE abandons the Premises.

iv. LESSEE admits in writing its inability to pay its debts generally as they become due, files a petition in bankruptcy, insolvency, reorganization, readjustment of debt, dissolution or liquidation under any law or statute of the federal government or any state government or any subdivision of either now or hereafter in effect, makes an assignment for the benefit of its creditors, consents to, or acquiesces in the appointment of a receiver of itself or of the whole or any substantial part of the Premises.

v. A court o f competent jurisdiction enters an order, judgment or decree appointing a receiver of LESSEE or of the whole or any substantial part of the Premises, and such order, judgment or decree is not vacated, set aside or stayed within sixty (60) days from the dat e of entry of such order, judgment or decree.

vi. A court of competent jurisdiction enters an order, judgment or decree approving a petition filed against LESSEE under any bankruptcy, insolvency, reorganization, readjustment of debt, dissolution or liquidation law or statute of the federal government or any state government or any subdivision of either now or hereafter in effect, and such order judgment or decree is not vacated, set aside or stayed within sixty (60) days from the date of entry of such order, judgment or decree.

vii. Under the provisions of any other law for the relief or aid of debtors, a court of competent jurisdiction assumes custody or control of LESSEE or of the whole or any substantial part of the Premises, and such custody or control is not t erminated within sixty (60) days from the date of assumption of such custody or control.

b) Upon the occurrence of any event of default by LESSEE hereunder, CITY shall have the following rights and remedies, in addition to all other rights and remedies of CITY provided hereunder or by law:

Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx i. The right to terminate this Agreement, in which event LESSEE shall immediately surrender possession of Premises, and pay to CITY all rent and all other amounts payable by LESSEE hereunder to the date of such termination.

ii. The remedies described in California Civil Code Section 1951.2, including, without limitation, the right to recover the worth at the time of award of the amount by which the unpaid rent for the balance of the Term after the time of award exceeds the amount of such rental loss for the same period that LESSEE proves could be reasonably avoided, as computed pursuant to subdivision (b) of section 1951.2 of the California Civil Code.

22. Real Property Taxes.

Because of this Agreement a possessory interest subject to property tax may be created. To the extent and for such time as the real property is subject to any real property tax to CITY, LESSEE shall be responsible for such tax and CITY shall not be responsible for such tax.

LESSEE further acknowledges, understands and hereby agrees to pay and assume, when due and owing, and hold CITY free and harmless from liability thereon, all such tax levied by reason of such possessory interest. In this regard the following notice is given to LESSEE:

“NOTICE. Pursuant Revenue and Taxation Code Section 107.6 a possessory interest as defined in Sections 107 and 107.4 may be created by this Agreement, and may be subject to property taxation, in which event the Party to this Agreement in which t he possessory interest is vested may be subject to the payment of property tax levied on such interest.”

23. WAIVER.

If any action or proceeding is instituted or if any other steps are taken by CITY or LESSEE, and a compromise, part payment or settlement thereof shall be made, either before or after judgment, the same shall not constitute or operate as a waiver by CITY or LESSEE of any agreement, covenant or condition of this Agreement or of any subsequent breach thereof. No waiver of any default under this Agreement shall constitute or operate as a waiver of any subsequent default hereunder, and no delay, failure or omi ssion in exercising or enforcing any right, privilege, or option under this Agreement shall constitute a waiver, abandonment or relinquishment thereof or prohibit or prevent any election under or enforcement or exercise of any right, privilege, or option hereunder. No waiver of any provision hereof by CITY or LESSEE shall be deemed to have been made unless and until such waiver shall have been reduced to writing and signed by CITY or LESSEE, as the case may be. The receipt by CITY of use fee with knowledge of any default under this Agreement shall not constitute or operate as a waiver of such default.

Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx Payment by LESSEE or receipt by CITY of a lesser amount than the stipulated use fee or other sums due CITY shall operate only as a payment on account of such use fee or other sums. No endorsement or statement on any check or other remittance or in any communication accompanying or relating to such payment shall operate as a compromise or accord and satisfaction unless the same is approved in writing by CITY, and CITY may accept such check, remittance or payment without prejudice to its right to recover the balance of any use fee or other sums due by LESSEE and pursue any remedy provided under this Agreement or by law.

24. FORCE MAJEURE.

Neither Party shall be chargeable with , liable for not acting on time , nor responsible to act on time , if unable to act because of any fire , earthquake, explosion, flood, war, riot, destruction of Premises, strike, material shortage , governmental stop order , or act of God that i s beyond that Party’s control. Any such delay shall not be a breach of this Agreement.

25. GOVERNING LAW.

This Agreement, and the rights and obligations of the Parties, shall be governed and interpreted in accordance with the laws of the State of California.

Should litigation occur, venue shall be in Superior Court of Ventura County.

26. NOTICES.

Any notice required to be given hereunder shall be in writing and shall be deemed received upon personal delivery or upon delivery by email to the Party to whom the notice is directed or, if sent by mail, certified mail or return receipt requested three (3) business days following its deposit in the United States mail, postage prepaid, or if sent by Federal Express or other reliable overnight air courier, on the next business day following dispatch and addressed as follows:

TO LESSEE: County of Ventura
Public Works Agency
Central Services Department
Real Estate Services Division
800 South Victoria Avenue, L#1600
Ventura, CA 93009

TO CITY: City of Thousand Oaks
Attn: Jaime Boscarino, Finance Director
2100 E. Thousand Oaks Boulevard
Thousand Oaks, CA 91362

Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx Or to such other address or addresses as such Party may designate to the others by notice given in accordance with the provisions of this Section.

27. LEGAL ADVICE.

Each Party represents and warrants to the other that its authorized representatives have carefully read this Agreement, and in signing this Agreement, they do so with full knowledge of any right which such Party may have; they have received independent legal advice from their respective legal counsel as to the matters set forth in this Agreement, or have knowingly chosen not to consult legal counsel as to the matters set forth in this Agreement, and they have freely signed this Agreement without any reliance upon any agreement, promise, statement or representation by or on behalf of the ot her Party, or its respective agents, employees, or attorneys, except as specifically set forth in this Agreement, and have signed this Agreement without duress or coercion, whether economic or otherwise.

28. TIME OF ESSENCE.

Time is expressly made of the essence with respect to the performance by the CITY and LESSEE of each and every obligation and condition of this Agreement.

29. AUTHORIZATION.

Each Party has expressly authorized the execution of this Agreement on its behalf and this Agreement shall bind said Party and its respective governing bodies, officers, directors, divisions, agents, employees, successors, assigns, insurance carriers, and any others who may claim through it to this Agreement.

30. MODIFICATIONS.

Any alteration, change or modification of or to this Agreement, in order to become effective, shall be made in writing and in each instance signed by an authorized representative on behalf of each Party.

31. USE OF THE TERM “CITY”.

Reference to “CITY” in this Agreement includes C ITY’s Manager or any authorized representative acting on behalf of CITY.

32. SEVERABILITY.

If any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby.

Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx

33. EMININENT DOMAIN.

If all or any part of the Premises are taken through eminent domain, this Agreement shall terminate for the part taken as of the date of the taking. For a partial taking, either CITY or LESSEE shall have the right to terminate this Agreement for the balanc e of the Premises by notice to the other within 30 days after the taking. However, LESSEE 's right to terminate arises only if the portion of the Premises taken substantially handicaps impedes or impairs LESSEE's use of the balance of the Premises. In the event of any taking, CITY shall be entitled to all compensation, damages, income, rent awards, or any other interest that may be paid in connection with the taking, except for any portion specifically awarded to LESSEE for moving, expenses, trade fixture s, equipment and any LESSEE leasehold improvements in the Premises to the extent of the then unamortized value of those improvements for the remaining term of the Agreement as determined in the award. However, LESSEE shall have no claim against CITY for the value of any unexpired term of this Agreement or otherwise, other than for prepaid rent. In the event of a partial taking of the Premises that does not result in a termination of this Agreement, the subsequent rental shall be equitably reduced.

34. ESTOPPEL CERTIFICATES.

At any time with at least 15 days prior notice by CITY, LESSEE shall execute, acknowledge and deliver to CITY a certificate in the form deemed necessary by CITY certifying: (i) that this Agreement is unmodified and in full force or, if there have been modifications, that this Agreement is in full force, as modified, together with the date and nature of each modification; (ii) the amount of the base rent, most recent escalation rent, if any, and the date to which the rent has been paid; (iii) that no notice has been· received by LESSEE of any default that has not been cured, except defaults specified in the certificate; (iv) that no default of CITY is claimed by LESSEE, except defaults specified in the c ertificate; and (v) other matters as may be reasonably requested by CITY.

35. SUBORDINATION: ATTORNMENT.

This Agreement shall be subordinated to and subject to any mortgage, deed of trust, City bond or certificate of participation now or hereafter placed by the City on Plaza and/or Premises. Such lender, bondholder or certification of participation holder is not and shall not be liable for any act or default of CITY.

36. SIGNATURES.

(a) Counterparts. This Agreement may be executed in two or more counterparts, each of which together shall be deemed an original, but all of which together shall constitute one and the same instrument.

(b) Scanned Signatures. In the event that any signature is delivered by facsimile transmission or submitted electronically as a scanned image ( i.e., files Item No.7J

FIN:201-10\edp\cp\H:\COMMON\Council\2023\Facilities\011023 Ven Co Ste E Lease Agreement.docx with .pdf, .tiff or .jpeg extensions), such signature shall create a valid and binding obligation of the Party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or scanned signature page were an original thereof.
(c) Digital/Electronic Signatures. This Agreement may be executed through the use of digital or electronic signatures provided they meet the requirements of the Electronic Signatures in Global and National Commerce (ESIGN) Act and the California Uniform Electronic Transactions Act (UETA) a nd are produced using a City -approved method. The presence of an electronic signature on this document shall be construed as the Parties’ consent to do business electronically.

IN WITNESS WHEREOF, this Agreement has been executed by the Parties effective on the date and year first written above.

COUNTY OF VENTURA
______________________________
Joan Araujo, Director
Central Services - Public Works Agency

CITY OF THOUSAND OAKS
____
Kevin McNamee, Mayor
ATTEST:
____
Laura B. Maguire, City Clerk
APPROVED AS TO ADMINISTRATION:
_______________________________
Andrew P. Powers, City Manager
APPROVED BY DEPARTMENT HEAD: APPROVED AS TO FORM:

Office of the City Attorney
_______________________________ _____________________________ Jaime Boscarino, Finance Director Tracy Friedl, Assistant City Attorney Item No.7J

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Ord. No. 1708-NS
ORDINANCE NO. 1708-NS

AN ORDINANCE OF THE CITY COUNCIL OF THE

CITY OF THOUSAND OAKS REPEALING SECTIONS
6-6.302 AND 6-6.303 OF THE THOUSAND OAKS
MUNICIPAL CODE AND A DDING CHAPTER 7 TO
TITLE 6 OF THE THOU SAND OAKS MUNICIPAL

CODE RESTRICTING THE USE AND DISTRIBUTION

OF SINGLE-USE FOODWARE ACCESSORIES AND

STANDARD CONDIMENTS

WHEREAS, plastics persist in the env ironment for hundr eds of years, breaking down into ever smaller pieces through photo, physical, and biological degradation, and enter t he food chain when ingested by animals that mistake them for food; and
WHEREAS, the City of Thousand Oaks has a long history of environmental stewardship, the implementation of sust ainability practices, and planning for a sustainable future; and
WHEREAS, on October 27, 2020, Chapter 6 was added to Title 6 of the Thousand Oaks Municipal Code to provide for expanded prohibitions on the use and distribution of single-use materials that pollute the environment and ocean; and
WHEREAS, on October 5, 2021, Go vernor Newsom signed into law California State Assembly Bill (AB) 1276, which expands on existing law prohibiting restaurants fr om providing single-use plastic straws, unless requested by the consumer, by prohibiting food facilit ies from providing any single-use foodware accessory or st andard condiment, as defined, to a consumer unless requested by the consumer; and
WHEREAS, single-use plastic and non-plastic foodware accessories, including straws, condiments, forks, spoons, sporks, and knives, create waste and environmental hazards and therefore should only be made available upon request in compliance with AB 1276; and
WHEREAS, AB 1276 requires every city , including the City of Thousand Oaks, to authorize an enforcement agency to enforce the provisions of AB 1276; and
WHEREAS, the City Council desires to adopt the provisions of AB 1276 and authorize the City’s enforcement officers to enforce the provisions of AB 1276.

Item No.7K

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Ord. No. 1708-NS
NOW, THEREFORE, BE IT RESOLVED , the City Council of the City of Thousand Oaks does hereby ordain as follows:

PART 1

Recitals

The above recitals are true and correct and incorporated herein by this reference as the findings of the City Council.

PART 2
Environmental Determination
The proposed ordinance is exempt from the environmental review requirements of the California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3) of Title 14 of the California Code of Regulations because it can be seen with certainty that there is no possibility t hat the activity in question may have a significant effect on the environment. Furt her, the proposed Ordinance is exempt from CEQA on the separate and independent groun d that it is an action of a regulatory agency (the City) for the protection of the environment because, among other things, it will regulate the distribution of single-use foodware and plastics from entering local landfill and waterways. Thus, this Ordinance is categorically exempt from the requirements of CEQA under Section 15308 of Title 14 of the California Code of Regulations as an action by a regulatory agency for the protection of the environment.

PART 3

Sections 6-6.302 “Distribution of plasti c utensils” and 6-6.303 “Distribution of plastic beverage straws” of Chapter 6 of Title 6 of the Thousand Oaks Municipal Code are repealed and removed in their entirety.

PART 4
A new Chapter 7 “Single-Use Foodware Accessories and Condiments” is added to Title 6 of the Thousand Oaks Municipal Code to read as follows:

Section 6-7.101 Definitions

For the purposes of this Chapter, t he following words and phrases used in this Chapter are defined as follows unl ess it is apparent from the context that a different meaning is intended:

A. “City” means the City of Thousand Oaks

B. “Consumer” has the same meaning as in Section 113757 of the Health and Safety Code.

Item No.7K

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Ord. No. 1708-NS
C. “Food facility” has the same meaning as in Section 11378 9 of the Health and Safety Code.

D. “Ready-to-eat food” has the same meaning as in Section 113881 of the Health and Safety Code.

E. “Self-service dispenser or station” means any type of dispenser, container, shelf, or other location that is acce ssible to consumers of a food service provider at which consumers can independently access single-use foodware accessories and standard condiments.

F. “Single-use” means designed to be used once and then discarded, and not designed for repeated use and sanitizing.

G. “Single-use foodware accessories” means all of the following single-use items provided alongside prepared food: utensils, which is defined as forks, knives, spoons, and sporks; chopsti cks; condiment cups and packets; straws; stirrers; splash sticks; cocktail sticks.

H. “Standard condiment” means relishes, spices, sauces, confections, or seasonings that require no additional preparation and that are usually used on a food item after preparation, incl uding ketchup, mustard, mayonnaise, soy sauce, hot sauce, salsa, salt, pepper, sugar, and sugar substitutes.

I. “Third-party food delivery platfor m” has the same meaning as in Section 113930.5 of the Health and Safety Code.

Section 6-7.102 Disposable Foodware and Standard Condiments To Be Provided Upon Request by Consumer.

A. Except as provided in subdivisions C and D, a food facility, for on-premises dining or when using a third-party food delivery platform, shall not provide any single-use foodware accessory or standard condiment packaged for single use to a consumer unless the single-use foodware accessory or standard condiment is requested by the consumer.

B. Single-use foodware accessori es and standard condiments packaged for single use provided by food facilities for use by consumers shall not be bundled or packaged in a manner that prohibits a consumer from taking only the type of single-use foodware accesso ry or standard condiment desired without also having to ta ke a different type of single-use foodware accessory or standard condiment.

Item No.7K

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Ord. No. 1708-NS
C. A food facility may ask a drive-thr ough consumer if the consumer wants a single-use foodware accesso ry if the single-use foodware accessory is necessary for the consumer to consum e ready-to-eat food, or to prevent spills of or safely transport ready-to-eat food.

D. A third-party food delivery platform shall provide consumers with the option to request single-use foodware accessories or standard condiments from a food facility serving ready-to-eat food.

E. If a food facility uses any third-party delivery platform for ready-to-eat food, the food facility shall customize its m enu with a list of available single-use foodware accessories and standard condiments, and only those single-use foodware accessories or standard condi ments selected by the consumer shall be provided by the food facility. If a consumer does not select any single-use foodware accessories or standard condiment s, no single-use foodware accessory or standard condiment shall be provided by the food facility for delivery of ready-to-eat food.

F. Nothing in this section shall prohi bit a food facility from making unwrapped single-use foodware accessories avail able to a consumer using refillable self-service dispensers that dispense one item at a time to allow for single- use foodware accessories to be obtained.

G. A food facility is encouraged, but not required, to take actions in addition to the requirements of this section that support a goal of reducing the use of and waste generated by all single-use food service products.

Section 6-7.103 Exceptions
This chapter does not apply to any of the following:

A. Health care facilities licensed pur suant to Article 1 (commencing with Section 1250) of Chapter 2 of Division 2 of the Health and Safety Code or facilities that are owned or operated by a health care service plan licensed pursuant to Chapter 2.2 (commencing with Section 1340) of Division 2 of the Health and Safety Code.

B. Residential care facilities licensed pursuant to Division 2 (commencing with Section 1200) of the Health and Safety Code.

C. Public and private school cafeteri as, as referenced in paragraph (1) of subdivision (b) of Section 113789 of the Health and Safety Code.

Section 6-7.104 Enforcement and Penalties

A. Any person violating the provisions of this Chapter shall be guilty of a violation of this Code pursuant to C hapter 2 of Title 1 of this Code and subject to the penalties of subdivision b.

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Ord. No. 1708-NS

B. The first and second violations of th is Chapter shall result in a notice of violation, and any subsequent violatio n shall constitute an infraction punishable by a fine of twenty-five dollars for each day in violation, but not to exceed three hundred dollars annually.

Part 4

Severability
(Uncodified)

If any section, subsection, clause or phrase of this Ordinance is for any reason held to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect the validity or constitutionality of the remaining portions of this title; it being hereby expressly declared that this title, and each section, subsection, sentence, clause and phrase hereof, would hav e been prepared, proposed, adopted, approved and ratified irrespective of t he fact that anyone or more sections, subsections, sentences, clauses or phrases be declared invalid or unconstitutional.

Part 5

Effective Date
(Uncodified)

This Ordinance shall take effect on the thirty-first (31st) day following its final passage and adoption.

PASSED AND ADOPTED this 10th day of January, 2023, by the following vote:

Ayes:

Noes:

Absent:

________________________________
Kevin McNamee, Mayor
City of Thousand Oaks, California
ATTEST:

________________________________
Laura B. Maguire, City Clerk

Date Attested: ____________________

Item No.7K

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Ord. No. 1708-NS
APPROVED AS TO FORM:

Office of the City Attorney

________________________________
Noel Doran, Assistant City Attorney

APPROVED AS TO ADMINISTRATION:

________________________________
Andrew P. Powers, City Manager

Introduced: December 6, 2022
Published:

Ordinance No.: 1708-NS

The presence of electronic signature certifies t hat the foregoing is a true and correct copy as approved by the City of Thousand Oaks City Council on the date cited above.

Item No.7K

TO:City Council
FROM:Kevin McNamee, Mayor
DATE:January 10, 2023
SUBJECT: Proposed 2023 City Councilmember Committee Assignments RECOMMENDATION:

Approve proposed 2023 City Councilmember Committee Assignments and find that this action is not a project as defined under the California Environmental Quality Act.

FINANCIAL IMPACT:

No Additional Funding Requested. Costs associated with City Councilmember and staff time to attend commission, board, and committee meetings are minimal and included in the Adopted FY 2022-23 General Fund Budget.

BACKGROUND:

In compliance with Standards of Operations Resolution No. 2011-066, each year the Mayor sends the previous year’s City Councilmember Committee Assignments list to each City Councilmember to review and request potential revisions. The Mayor then reviews and discusses City Councilmember responses and prepares a proposed list of City Councilmember Assignments for the new calendar year. Section 3 (Committee Assignments) of Resolution No. 2011-066 states that “The Mayor will make all appointments to City Council Committees, with concurrence of City Council.”
DISCUSSION/ANALYSIS:

The 2022 City Councilmember Committee Assignment list was reviewed and amended by the Mayor and those changes are reflected on the Proposed 2023 City Councilmember Committee Assignments List (Attachment #1).

For disclosure purposes, two commissions provide meeting stipends. The Ventura County Transportation Commission (VCTC) provides a stipend of $100 per Item No.13A

Proposed 2023 City Councilmember Committee Assignments
January 10, 2023

meeting, not to exceed $200 per month. The Ventura Regional Sanitation District (VRSD) provides a stipend of $186 per day (including board meetings, ad hoc committees, or attendance at conferences), with a maximum of six days ($1,116) per month. None of the other commissions, boards, and committees provides any form of monetary compensation.

COUNCIL GOAL COMPLIANCE:

Meets the following City Council goal:

B. Provide municipal government leadership which is open and responsive to residents, and is characterized by ethical behavior, stability, promoting public trust, transparency, confidence in the future, and cooperative interaction among civic leaders, residents, business representatives, and staff, while recognizing and respecting legitimate differences of opinion on critical issues facing the City.

PREPARED BY: Katie Morris, Administrative Support Supervisor Attachment:

Attachment #1 – 2023 Councilmember Committee Assignments H:\COMMON\City Council\Council Items\2023\011023\011023 Proposed 2023 Council Committee Assignments Staff Report.docx
Item No.13A

ATTACHMENT #1

2023 City Councilmember Committee Assignments
Councilmember Alternate Staff Rep
Standing Committees

1. Capital Facilities Committee McNamee/Taylor N/A Powers/Marcelino

2. Demands Liaison Adam N/A C. Gomez

3. Finance/Audit Committee Engler/Adam N/A Powers/Boscarino Ad Hoc Committees*

1. Ad Hoc City Council Homelessness Committee Dissolved N/A 1 2. Ad Hoc City Council Campus Master Plan Committee Adam/Engler N/A 2 Outside Joint Boards/Authorities/Commissions with Assignments by City

1. AVCC – Association of Ventura County Cities (meets only as needed) Adam N/A N/A

2. AWA – Association of Water Agencies of Ventura County McNamee N/A Finley

3. CCYF – Conejo Coalition for Youth and Families Newman N/A Mailes

4. CSC – City Selection Committee McNamee N/A Layba

5. COSCA – Conejo Open Space Conservation Agency Newman/Engler N/A Deputy CM

6. EDC-VC – Economic Development Collaborative – Ventura County Engler N/A Alawami

7. CPA – Clean Power Alliance Newman N/A Finley/Cox

8. Pt. Mugu Airport Authority/Ventura County Naval Base Liaison Taylor Adam Alawami

9. RDP-21 – Regional Defense Partnership for 21 st Century Taylor N/A Layba

10.TOPASS – Thousand Oaks Plan to Assist School Sites Foundation Board Adam/McNamee N/A Powers

11.VCOG – Ventura Council of Governments McNamee Engler Layba

12.VCREA – Ventura County Regional Energy Alliance Liaison Newman Engler Cox

13.VCTC – Ventura County Transportation Commission Engler N/A Finley

14.VRSD – Ventura Regional Sanitation District Newman McNamee Finley 1 Staff Reps – Ad Hoc Homelessness Committee*: Hardy (Lead), Powers, Friedl 2 Staff Reps – Ad Hoc City Council Campus Master Plan Committee*: Powers (Lead), Serret, Finley *Meeting invitees/attendees for Ad Hoc City Council Committee meetings may change according to agenda Item No.13A

Councilmember Alternate Staff Rep
Regional, State & National Agencies or Groups with Appointments by Others

1. LAFCo – (Ventura) Local Agency Formation Commission As Appointed N/A N/A

2. Community Commission for Ventura County (Appointment by City Selection Committee) As Appointed Layba

3. SCAG General Assembly TBD Layba

4. SCAG Regional Housing Committee TBD Layba

5. SCAG District 46 Representative (elected by VCOG) As Appointed Layba

6. NLC Public Safety and Crime Prevention Policy Committee (appointed by NLC & State League)
Layba

7. Cal Cities Public Safety Committee (Appointed by Cal Cities) McNamee Layba

8. Cal Cities Transportation Communications and Public Works Policy Committee (Appointed by Cal Cities)
Engler Layba
Individual Involvement in Outside Agencies or Groups

1. Red Cross – Central California Region Engler N/A N/A

2. Kiwanis Club of Thousand Oaks Engler N/A N/A
CMO:120-10H:\COMMON\City Council\Council Items\2023 Staff Reports\011023\011023 Attachment 1 - 2023 City Councilmember Committee Assignments .docx Item No.13A