Agenda packet — Tulare City Council, October 7, 2025 (part 1 of 2)

City of Tulare Page 1 of 4
Tulare Public Library & Council Chamber Tuesday, October 7, 2025 491 North M Street, Tulare CA 93274 6:00 p.m. Special Meeting www.tulare.ca.gov 7:00 p.m. Regular Meeting
Mission Statement
To promote a quality of life making Tulare the most desirable community in which to live, learn, play, work, worship and prosper.

Regular City Council meetings are held on the first and third Tuesdays of each month at the Council Chamber, located inside the Tulare Public Library, 491 North M Street, Tulare. Meetings are subject to cancellation. Additional meetings may be scheduled as needed.

Public Access and Participation
Meetings are open to the public and may be attended in person or viewed live online via the City of Tulare’s YouTube Channel. To provide public comment remotely, please call (559) 366-1849 during the designated Public Comment period. Note: There is a 20-second broadcast delay. If calling in, mute your viewing device to avoid feedback.

Public Comment Guidelines
Members of the public may address the City Council on matters within the jurisdiction of the City of Tulare.

Those wishing to speak are encouraged to complete a Public Comment Card and submit it to the City Clerk prior to the start of the meeting.
• Comments are limited to three minutes per speaker, unless otherwise extended by the Council. • At the start of any agenda item, the mayor may limit the number of speakers or the time allotted per comment, depending on the number of participants and length of the agenda. • When called upon by the mayor, please approach the lectern, state your name and city of residence, and begin your comments.

Rules of Conduct
To maintain order and decorum, the following rules apply:
• All remarks must be directed to the City Council as a whole, not to individual members. • Only the Council and the person recognized to speak may engage in discussion unless authorized by the mayor.
• Questions to Councilmembers or City staff must be directed through the mayor. • Comments must remain on topic, except during the general Public Comment period. • Disruptive behavior (e.g., shouting, interrupting, or creating a disturbance) may result in removal from the meeting under Government Code Sections 54954.3 and 54957.95.

Accessibility
In compliance with the Americans with Disabilities Act (ADA), individuals who require modifications, accommodations, or auxiliary aids to participate in this meeting should contact the City Clerk’s Office at (559) 684-4200. Requests made at least 48 hours in advance will help ensure availability.

Additional Information
• Meeting agendas and related documents are available at www.tulare.ca.gov. • Copies are also available for public inspection at the City Clerk’s Office, City Hall, 411 E. Kern Avenue, Second Floor, during regular business hours.

City Councilmembers
Patrick Isherwood, Mayor
Steve Harrell, Vice Mayor
Jose Sigala
Terry A. Sayre
City Council Meeting Notice & Agenda Dennis A. Mederos
City Council Meeting Agenda Tuesday, October 7, 2025
City of Tulare Page 2 of 4
6:00 P.M. SPECIAL MEETING

1. CALL TO ORDER

2. STUDY SESSION - Comments at a special meeting are limited to items listed on the special meeting agenda. Each speaker will be allowed three minutes per item. For those that wish to provide public comment while not physically in attendance, you may call (559) 366-1849. Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting.

2.1 Fiscal Impact Analysis and Community Facilities District Overview.

Recommended Action: Receive a presentation by NBS providing an overview of the fiscal impact analysis and Community Facilities District (CFD).

3. ADJOURNMENT
7:00 P.M. REGULAR MEETING

4. CALL TO ORDER

5. PLEDGE OF ALLEGIANCE AND INVOCATION – Dennis Sunderland, Pastor of Tulare Bethel Church, to deliver an invocation.

6. PROCLAMATIONS & RECOGNITIONS

6.1 Proclamation for Fire Prevention Week – October 5-11, 2025.

6.2 Proclamation for Code Enforcement Officer Appreciation Week – October 5-11, 2025.

7. PUBLIC COMMENT - Members of the public wishing to comment on any item not appearing on the agenda may address the City Council at this time. State law prevents Council from acting on any matter not on the agenda; however, your comments may be referred to staff for follow up. This is also the time for the public to comment on items listed under the Consent Calendar or to request an item from the Consent Calendar be pulled for discussion purposes. Comments related to Public Hearing and General Business items will be heard at the time those items are discussed. In fairness to all who wish to speak, public comment is limited to a total of fifteen minutes with each speaker allowed three minutes, unless otherwise extended by Council. Please begin your comments by stating your name and providing your city of residence. For those that wish to provide public comment while viewing the meeting online, you may call (559) 366-1849. Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting.

8. PRESENTATIONS

8.1 Review of the City’s Draft Active Transportation Plan (ATP).

9. COMMUNICATIONS - Communications are to be submitted to the City Manager’s Office ten days prior to a Council meeting to be considered for this section of the agenda. No action will be taken on matters listed under Communications; however, the Council may direct staff to schedule issues raised during Communications for a future meeting.

10. COUNCIL REPORTS AND ITEMS OF INTEREST
City Council Meeting Agenda Tuesday, October 7, 2025
City of Tulare Page 3 of 4

11. CONSENT CALENDAR - All matters listed under the Consent Calendar are considered by the Council to be routine and will be enacted in one motion without discussion. If discussion is desired, that item may be removed and considered separately.

11.1 Waive the reading of ordinances and approve reading by title only.

Recommended Action: Approve the reading by title only of all ordinances and that further reading of such ordinances by waived.

11.2 Approval of City Council Meeting Minutes.

Recommended Action: Approve the minutes of the special and/or regular meeting of September 16, 2025. [M. Wilcox]

11.3 Purchase of Motorola Patrol Two-Way Radios.

11.4 Capital Improvements Project Dashboard for October 2025.

Recommended Action: Accept the Capital Improvements Project Dashboard for October 2025. [M. Miller]

11.5 Parcel Map Acceptance – TPM 2025-01.

11.6 Project for Communications at Tulare County Fire Station 25.

11.7 Electric Vehicle Purchase.

12. GENERAL BUSINESS - Comments related to General Business items are limited to three minutes per speaker, for a maximum of thirty minutes per item, unless otherwise extended by Council. For those that wish to provide public comment while viewing the meeting online, you may call (559) 366-1849.

Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting.

12.1 FY 2024 Annual Comprehensive Financial Report and Single Audit.

Recommended Action: Review and accept the Annual Comprehensive Financial Report (ACFR) and Single Audit for the Fiscal Year Ended June 30, 2024.. [M. Roberts]

12.2 Cross Avenue Traffic Studies and Designation of All-Way Stop.

12.3 SJV Horizontal, LLC Improvement Agreement for Mooney Blvd Street Improvements.

12.4 City Manager Employment Agreement Amendment.

Recommended Action: Approve the Fourth Amendment to the Employment Agreement with City Manager Marc Mondell. [M. Zamora]

13. FUTURE AGENDA ITEMS - NONE SUBMITTED

14. STAFF UPDATES

15. RECESS TO CLOSED SESSION TO DISCUSS THE FOLLOWING

15.1 Conference with Real Property Negotiations (Gov. Code § 54956.8) Property: APNs 191-070-025, 182-230-047, and 171-090-034 Agency Negotiators: City Attorney Zamora, City Manager Mondell, Assistant City Manager Gaffery, Deputy City Manager/CTO Bowling, City Engineer Miller Negotiating Parties: California Department of Transportation (Caltrans) Under Negotiation: Price and terms of payment

15.2 Conference with Labor Negotiators (Gov. Code § 54957.6) Agency Designated Representative: City Attorney Zamora, City Manager Mondell, Assistant City Manager Gaffery, Deputy City Manager/CTO Bowling
Employee Organization: Tulare Professional Fire Fighter Association – Management, Tulare Professional Fire Fighter Association – Non-Management
Unrepresented Employee: Fire Battalion Chiefs

16. RECONVENE FROM CLOSED SESSION

17. CLOSED SESSION REPORT - This is the time for Council to publicly report specified closed session action and the vote taken on those actions, if any.

18. ADJOURNMENT
The next regularly scheduled meeting of the Tulare City Council is Tuesday, October 21, 2025, at 7:00 p.m. in the Council Chamber, 491 North M Street, Tulare.

AFFIDAVIT OF POSTING AGENDA
I hereby certify, in conformance with Government Code Sections 54954.2 and 54956, this agenda was posted in the kiosk at the front of City Hall, 411 E. Kern Avenue, as well as on the City of Tulare’s website (www.tulare.ca.gov).

POSTED: Wednesday, October 1, 2025 Melissa Wilcox, Chief Deputy City Clerk Office of the City Manager
411 East Kern, Tulare, CA 93274
559.684.4200 | www.tulare.ca.gov
To: Mayor and City Council Members
From: Marc Mondell, City Manager
Subject: October 7, 2025 Agenda Memo
Date: October 1, 2025
Time estimates are provided as part of the Council’s effort to manage its time at Council meetings. Listed times are estimates only and are subject to change at any time, including while the meeting is in progress.

The Council, by consensus, reserves the right to use more or less time on any item, to change the order of items, and/or to continue items to another meeting. Items may be heard before or after the time estimated on the agenda. This may occur to best manage the time at a meeting or to adapt to the participation of the public.
6:00 p.m. Special Meeting

1. CALL TO ORDER

2.1 Fiscal Impact Analysis and Community Facilities District Overview.

Recommended Action: Receive a presentation by NBS providing an overview of the fiscal impact analysis and Community Facilities District (CFD).

3. ADJOURNMENT
7:00 p.m. Regular Meeting

4. CALL TO ORDER

5. PLEDGE OF ALLEGIANCE AND INVOCATION - Dennis Sunderland, Pastor of Tulare Bethel Church, to deliver an invocation.

6. PROCLAMATIONS & RECOGNITIONS [Time Estimate: 7:05 p.m.]

6.1 Proclamation for Fire Prevention Week – October 5-11, 2025.

6.2 Proclamation for Code Enforcement Officer Appreciation Week – October 5-11, 2025.

7. PUBLIC COMMENT - Members of the public wishing to comment on any item not appearing on the agenda may address the City Council at this time. State law prevents Council from acting on any matter not on the agenda; however, your comments may be referred to staff for follow up. This is also the time for the public to comment on items listed under the Consent Calendar or to request an item from the Consent Calendar be pulled for discussion purposes. Comments related to Public Hearing and General Business items will be heard at the time those items are discussed. In fairness to all who wish to speak, public comment is limited to a total of fifteen minutes with each speaker allowed three minutes, unless otherwise extended by Council. Please begin your comments by stating your name and providing your city of residence. For those that wish to provide public comment while viewing the meeting online, you Tulare City Council Page 2 of 11
Agenda Memo - October 7, 2025
may call (559) 366-1849. Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting. [Time Estimate: 7:15 p.m.]

8. PRESENTATIONS [Time Estimate: 7:30 p.m.]

8.1 Review of the City’s Draft Active Transportation Plan (ATP).

10. COUNCIL REPORTS AND ITEMS OF INTEREST [Time Estimate: 7:50 p.m.]

11.1 Waive the reading of ordinances and approve reading by title only.

Recommended Action: Approve the reading by title only of all ordinances and that further reading of such ordinances be waived.

11.2 Approval of City Council Meeting Minutes.

Recommended Action: Approve the minutes of the special and/or regular meeting of September 16, 2025. [M. Wilcox]

11.3 Purchase of Motorola Patrol Two-Way Radios.

Recommended Action: Award the purchase of 10 Motorola Patrol two-way radios to Motorola Solutions in the amount of $62,289.62, using Sourcewell Contract No. 042021-MOT (price includes all fees, taxes, and shipping charges). [M. Reed] Summary: The City is a member of Sourcewell, which is a national public service agency that provides cooperative purchasing for government agencies. Through Sourcewell Contract No. 042021-MOT, staff is requesting authorization to purchase 10 new Motorola APX6500E Patrol two-way radios. The purchase of the new Police patrol units was previously approved by the City Council. Once the vehicles are received, they are “upfitted” before they are placed into service. Upfitting includes adding lights, racks, safety cages, radios, etc. to the units.

Fiscal Impact & Funding Source(s): The radios will be purchased using the Police Departments vehicle replacement funds allocated for FY 2026. New patrol vehicles are budgeted at $80,000 per unit which allows for all upfit costs including the cost for radios.

Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

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Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table. If the purchase of the radios is denied, the upfitting of the new Police Interceptors will be delayed until radios can be purchased.

11.4 Capital Improvements Project Dashboard for October 2025.

Recommended Action: Accept the Capital Improvements Project Dashboard for October 2025. [M. Miller]
Summary: On December 16, 2014, the Tulare City Council adopted the Tulare Project Management System Program Policy (TPMS). The goal of the TPMS is to help the City accomplish significant projects on time, within budget, and in accordance with each project’s clearly defined scope. The TPMS utilizes a systematic approach to project management with the following goals:
• Establish consistency in how projects are managed,
• Create department 5-year project plans,
• Improve pre-planning and preparation,
• Identify and implement management policies and procedures, • Improve project cost tracking and project delivery,
• Formalize and improve project reporting, and
• Review and evaluate project successes or failures upon completion in order to improve on future projects.

Pursuant to the City Council’s request, staff provides quarterly Capital Improvement Project Dashboards for all major capital projects that fall under City Council’s purview. The dashboard provides a visual summary of the overall progress of the projects so that City Council is aware of their status. The dashboards identify the project number, project title, project phase, project manager, start date, end date, budget, expenditures/encumbrances, and special notes regarding the status and/or issues affecting the project.

The attached Capital Improvements Project Dashboard reflects the quarterly status of active projects as of September 2025. The dashboard uses a color metric for the completion status graphic (pie chart) that reflects the phase each project is in. BLUE shading indicates that the project is in the Design phase, GREEN shading indicates that the project is in the Environmental or Right-of-Way Acquisition phase, and ORANGE shading indicates that the project is in the Construction or Implementation phase.

Fiscal Impact & Funding Source(s): There is no fiscal impact associated with this action.

Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

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Agenda Memo - October 7, 2025

11.5 Parcel Map Acceptance – TPM 2025-01.

Recommended Action: Approve the parcel map filed by BF Central Valley Holdings, LLC, a Washington Limited Liability Company, for the division of land located 400 feet east of E Street and 1,300 feet north of Paige Avenue for recording, and accept all dedications and easements offered to the City. [M. Miller]
Summary: Tentative Parcel Map No. 2025-01, filed by BF Central Valley Holdings, LLC, seeks to create two parcels from one existing parcel for the future development associated with the Valov Subdivision. The City of Tulare Planning Commission approved the Tentative Parcel Map on March 24, 2025. This parcel map covers approximately 30 acres, with Parcel 1 measuring

17.5 acres and Parcel 2 measuring 12.5 acres.

Fiscal Impact & Funding Source(s): There is no fiscal impact associated with this action.

Environmental Review: The tentative subdivision map for the Valov Subdivision was approved by the Tulare Planning Commission on February 10, 2025, by Resolution No. 5504. A Mitigated Negative Declaration was prepared in support of the tentative map submittal, and the Planning Commission made the finding that there was no substantial evidence that the project would have a significant effect on the environment with the incorporated mitigation measures.

Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes - Changes may result in a delay to the project continuing and an additional financial burden to the applicant; 2) Deny - Denial would prevent the division of the existing parcel, which may hinder the future development of the Valov Subdivision; or 3) Table - Tabling the item may cause delays in the project's continuation and add financial burdens for the applicant.

11.6 Project for Communications at Tulare County Fire Station 25.

Recommended Action: Approve appropriation of $181,000 from the Technology reserve from General CIP Fund (Formally Fund 603 Technology CIP) for the creation of an out-of-cycle Capital Improvement Project to add communications equipment at County Fire Station 25 in the amount of $226,000; and authorize a sole source purchase of police and fire radio equipment from Motorola Solutions to be used at County Fire Station 25 from Motorola Solutions in the amount of $68,628.26. [J. Bowling]
Summary: In May 2025, City of Tulare entered a memorandum of understanding (MOU) with Tulare County for the use of a recently constructed 140ft communications tower located at 2082 Foster Drive, Tulare CA for radio and Communication Services. Over the past several months City of Tulare Public Safety and Information Technology staff have worked to develop a comprehensive project to add communications to this location. The scope of this project will add police and fire communications to this site as well as infrastructure to read water meters. Tower location and height make this an ideal site to add to police and fire radio network. The addition of this site will help ensure coverage in the growth areas on the east of the city. Attached is a project sheet outlining the expenses and funding sources proposed for this project.

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The City of Tulare police and fire departments use Motorola solutions to the back-end infrastructure for their radio networks. Motorola is the only vendor who can provide equipment for an additional site that is consistent with other sites in the network. This purchase from Motorola will add an additional radio voting site increasing radio coverage and resiliency for both Police and Fire.

This project will engage an architect for a small scope of work using an existing on-call contract to create a design to add an additional air-conditioned communication cabinet at the tower site using an existing concrete pad. The design will then go to bid. The work will be considered a “public work” and is required to be bid. If the resulting winning bid will then need to be approved based on the bid amount. If the bid amount if over the City Manager approval level it will come back to City council for approval.

There is an approximate 6-month lead time to receive radio equipment from Motorola once ordered. The intent is to order the radio equipment, and then work through the design, bidding and construction process while we are waiting for the radio equipment.

Fiscal Impact & Funding Source(s): This project is being funded by two sources. The primary funding is a new appropriation of $181,000.00 from the Technology reserve now included in General CIP Fund which was formally Fund 603 Technology CIP Fund. The remaining funding for the completion of this project will come from approved project WT0049 Meter Upgrade. This funding has already been approved by the Board of Public Utilities and will be used for the water meter reading equipment portion and a share of the communications cabinet and power construction.

Environmental Review: This project is exempt pursuant to Sections 15268 (Ministerial Projects) and 15301 (existing facilities) of the California Environmental Quality Act.

Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

11.7 Electric Vehicle Purchase.

Recommended Action: Authorized the City Manager or designee to apply for an electric vehicle grant from the San Joaquin Valley Air Pollution Control District (SJVAPCD) and sign all applicable paperwork. [M. Correa; T. Whitfield]
Summary: The San Joaquin Valley Air Pollution Control District (SJVAPCD) has received limited funds and is offering to supply specific grants for the replacement of eligible specialty vehicles with electric powered vehicles for the fiscal year 2026.

Staff intend to apply for grant funding to replace gasoline powered light vehicles that have reached the end of useful life for electric vehicles. The grant is $100,000 ($20,000 per vehicle) for fiscal year 2026.

Fiscal Impact & Funding Source(s): Funding will be from equipment replacement funds for $259,042 before the grant, after receiving the reimbursement the total will be $159,042.

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Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

Please note that there will be approximately a 20-second delay in broadcast for viewers. When calling in, mute the device used for viewing the meeting. [Time Estimate: 8:05 p.m.]

12.1 FY 2024 Annual Comprehensive Financial Report and Single Audit.

Recommended Action: Review and accept the Annual Comprehensive Financial Report (ACFR) and Single Audit for the Fiscal Year Ended June 30, 2024. [M. Roberts] Summary: The Fiscal Year 2024 ACFR was performed by Price Paige & Company auditors.

Attached is the finalized ACFR and related reports, including the audit communication letter, government audit standards report, and related management comment letter.

Fiscal Impact & Funding Source(s): There is no fiscal impact associated with this action.

Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

12.2 Cross Avenue Traffic Studies and Designation of All-Way Stop.

Recommended Action: Receive the results of traffic studies conducted for the intersections of Cross Avenue and Brentwood Street and Cross Avenue and Coelho Avenue; and adopt a resolution designating the intersection of Cross Avenue and Brentwood Street as an all-way stop intersection and authorizing the installation of corresponding stop control. [M. Miller] Summary: The City of Tulare received multiple citizen requests to evaluate traffic operations and safety concerns in the vicinity of the intersections of Cross Avenue and Brentwood Street, and Cross Avenue and Coehlo Street. These concerns were forwarded to the City’s Transportation Management Team, which authorized traffic studies for both intersections. 4Creeks of Visalia, CA was tasked with preparing the studies under their existing on-call services contract with the City to evaluate whether all-way stop or traffic signal warrants Tulare City Council Page 7 of 11
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identified in the California Manual of Uniform Traffic Control Devices (CA MUTCD) were met for either intersection.

Cross Avenue at Brentwood Street
The traffic study prepared by 4Creeks for the intersection of Cross Avenue and Brentwood Street offers the following Results and Conclusions:
“The results of the multi-way stop warrant analysis indicate that installation of a multi-way stop is not warranted based on the criteria established in the CA MUTCD. None of the criteria for a multi-way stop was met, including the optional warrants for left-turn conflicts, vehicle/pedestrian conflicts, visibility, and residential collector streets.

The results of the traffic signal warrant analysis indicate that a traffic control signal is warranted based on the criteria established in the CA MUTCD. Warrants 1, 2, and 3 were satisfied. The installation of a traffic signal is warranted at the intersection of E. Cross Avenue and N.

Brentwood Street.

It should be noted that it is possible for an intersection to meet warrants for a traffic control signal but not warrants for a multi-way stop sign. There are key differences in the warrant criteria for a multi-way stop and traffic control signal. Traffic control signals are typically considered when traffic volumes are high, delays or crashes are excessive, or there is a need for orderly movement or pedestrian accommodation. Multi-way stop control warrants require relatively balanced volumes on major or minor approaches or significant delays or crash patterns.

As stated in Section 2, a multi-way stop can be installed as an interim measure to a traffic signal installation, placed in accordance with CA MUTCD and City standards. Given that a traffic signal installation will require funding, design, and construction lead time, it is recommended that the City consider whether an interim multi-way stop should be installed. It is also recommended that the City conduct an Intersection Safety Optimization Assessment Program (ISOAP) evaluation to determine the most beneficial and appropriate traffic control, geometric modifications, or other countermeasures that may provide a more effective long-term solution than a traffic control signal.”
The findings and recommendations of the traffic study were presented to the City’s Transportation Management Team, who concurred and recommends that the intersection of Cross Avenue and Brentwood Street be designated as an all-way stop intersection in accordance with the attached Resolution. In conjunction with the installation of stop control, the Transportation Management Team recommends revisions to the striping pattern on Cross Avenue between Blackstone Street and Laspina Street to implement road diet strategies to reduce the speed of traffic on the roadway.

Cross Avenue at Coelho Avenue
The traffic study prepared by 4Creeks for the intersection of Cross Avenue and Coelho Avenue offers the following Results and Conclusions:
“The results of the multi-way stop warrant analysis indicate that installation of a multi-way stop is not warranted under Criteria A through D of the CA MUTCD. Although corner sight distance at Decision Point A remains constrained due to roadway curvature and adjacent fencing and block walls, the installation of red curb along E. Cross Avenue, as shown in Attachment C, provides improved visibility. At Decision Point B, the recommended corner sight distance can be achieved, demonstrating that the optional warrant for restricted sight distance is not met.

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Therefore, the existing two-way stop control remains appropriate, with red curb restrictions recommended to enhance safety and visibility.

The traffic signal warrant analysis further determined that a traffic control signal is not warranted at this time, as the intersection does not meet any of the six signal warrants evaluated as part of this study. Traffic volumes, pedestrian activity, crash history, and peak-hour conditions all fall below the thresholds identified in the CA MUTCD for signalization. Installation of a traffic signal under current conditions would therefore not be justified and could result in unnecessary delay or adverse operational impacts.

In summary, neither a multi-way stop nor a traffic signal is recommended at this location. The intersection should continue to operate under two-way stop control, with the addition of red curb parking restrictions along E. Cross Avenue to improve corner sight distance. It is further recommended that the intersection be monitored over time for changes in traffic volumes, pedestrian activity, or safety performance that could warrant reconsideration of traffic control in the future.”
The findings and recommendations of the traffic study were presented to the City’s Transportation Management Team, who concurred and recommends that the intersection of Cross Avenue and Coelho Avenue remain as a two-way stop control intersection. The recommended parking restrictions will be implemented to improve corner sight distance at the intersection.

Fiscal Impact & Funding Source(s): Funding for the signage and pavement markings associated with the proposed all-way stop designation at the intersection of Cross Avenue and Brentwood Street, and the parking restrictions at the intersection of Cross Avenue and Coelho Avenue is budgeted to cover the estimated $2,500 expense through the Street Department’s Maintenance Materials account.

Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This item does not require legal review.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes - Staff would work with the consultant that prepared the traffic study to address changes requested by Council; 2) Deny - Council could opt to not approve the resolution, resulting in the intersection remaining as a 1-way stop control intersection. The City could incur liability by not following the recommendations of the traffic study, which were based upon the standards and guidelines contained within the CA MUTCD; or 3) Table - Tabling the item would delay implementation of the recommendations of the traffic study, which could carry some liability risk.

12.3 SJV Horizontal, LLC Improvement Agreement for Mooney Blvd Street Improvements.

Recommended Action: Authorize the City Manager to execute an improvement agreement with SJV Horizontal, LLC for the construction of street improvements along the west side of Mooney Boulevard (State Route 63) from Cartmill Avenue to the south side of the Bella Oaks Tulare City Council Page 9 of 11
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subdivision located approximately 290 feet south of Bella Oaks Avenue, subject only to minor conforming and clarifying changes acceptable to the City Attorney and City Manager. [M. Miller] Summary: SJV Horizontal, LLC (SJV) is currently developing the Sorrento subdivision located at the southwest corner of Cartmill Avenue and Mooney Boulevard (State Route 63). As part of their project, SJV is conditionally required to construct frontage improvements across the Sorrento subdivision’s Mooney Boulevard frontage. These improvements include the relocation and undergrounding of existing overhead utilities, and the construction of curb, gutter, sidewalk, street lighting, street pave-out, and landscaping improvements. The improvements also include the connection of Ribolla Avenue to Mooney Boulevard, which necessitates modifications to the Mooney Boulevard median island and drainage system. The design and permitting requirements are subject to the review and approval of both Southern California Edison (SCE) and Caltrans, requiring significant time and coordination.

The same Mooney Boulevard street improvements being undertaken by SJV for the Sorrento subdivision were also conditionally required for the Bella Oaks and Tesori subdivisions located immediately to the south. These improvements were the subject of a lawsuit between the City of Tulare and the respective developers of those subdivisions, which resulted in the City assuming responsibility for their completion. Staff has determined that significant cost and time savings to the City could be achieved by constructing these improvements in conjunction with the SJV’s improvements for the Sorrento subdivision. SJV and the City have worked towards drafting an improvement agreement to facilitate such a joint undertaking, the result of which is presented for Council’s consideration.

Some key points contained in the agreement include the following:
• The City will reimburse SJV for actual construction costs associated with the Bella Oaks and Tesori subdivision improvements. An estimated construction cost will be identified in the agreement (current figure in draft agreement is $5.9 million), • SJV is required to seek a minimum of 3 bids for the City portion of the improvements, with award to the lowest responsive bidder,
• City may terminate the agreement if the lowest responsive bid exceeds the estimated construction cost by more than 10%,
• SVJ will obtain the required encroachment permit from the State with the City serving as Lead Agency for the improvements,
• By securing the Mooney Boulevard frontage improvements for the Sorrento Subdivision through this agreement, they will be separated from the onsite improvements. Upon their completion and acceptance, the City will issue a Notice of Completion for the Sorrento subdivision onsite improvements and will release all restrictions on issuance of building permits and certificates of occupancy provided that SJV; 1) verifies that a contract has been awarded for construction of the Mooney Boulevard improvements, 2) an encroachment permit has been issued by Caltrans for the work, and 3) a detailed construction schedule has been provided to the City,
• The estimated time required to construct the improvements is 30 months, resulting in an anticipated completion date of April 2028,
• The City will pay SJV a fee of 7% of the construction cost of the City improvements for administrative, management and oversight services.
• There can be no increase in construction costs to the City without the City’s explicit written authorization.

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Agenda Memo - October 7, 2025
• SJV has to comply with the City’s standard insurance requirements, • Any work performed that is subject to City reimbursement must be completed at State prevailing wage rates.

Fiscal Impact & Funding Source(s): CIP Project EN0101 – “Tesori-Bella Oaks Improvements” is a street improvement project to construct public improvements that were not completed by the developers of the Tesori and Bella Oaks subdivisions. These improvements include the Mooney Boulevard street improvements that are incorporated into the subject improvement agreement. The funding sources identified for CIP Project EN0101 are as follows: Fund 100 – General Fund – A total of $6,086,491.62 from “Other General Fund CIP” and “Del Lago Place Settlement”; Fund 233 – State Highway Projects DIF Fund – $60,500.

Environmental Review: The proposed street improvements along Mooney Boulevard were included in the environmental review process for the associated developments (Sorrento subdivision, Bella Oaks subdivision, and Tesori subdivision). Additional environmental review will be undertaken through the Caltrans permitting process prior to construction of the improvements.

Conflict of Interest: Councilmember Mederos owns property within 500 feet of the Sorrento subdivision, and within 1,000 feet of the proposed Mooney Boulevard improvements.

Legal Review: The improvement agreement has been reviewed and approved as to form by the City Attorney.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes - Staff would work with SJV Horizontal and the City Attorney to incorporate revisions requested by Council; 2) Deny - The City would pursue completion of the Tesori-Bella Oaks Mooney Boulevard improvements on its own as a typical capital improvement project; or 3) Table - A delay in the City’s approval of the improvement agreement would result in delay to both SJV Horizontal’s and the City’s efforts to complete their respective Mooney Boulevard improvements.

12.4 City Manager Employment Agreement Amendment.

Recommended Action: Approve the Fourth Amendment to the Employment Agreement with City Manager Marc Mondell. [M. Zamora]
Summary: The City of Tulare entered into an Employment Agreement with Marc Mondell for the position of City Manager on September 27, 2022. This Fourth Amendment to the Agreement reflects the City's ongoing commitment to retaining highly qualified personnel and ensuring competitive compensation and benefits.

Summary of Amendment
The Fourth Amendment modifies and adds certain provisions to the Employment Agreement, effective October 7, 2025. Key changes include:
• Term: The term of the agreement is extended through September 27, 2027. • Base Salary Increase: Provides a 5% increase to the City Manager's annual base salary, raising it to $254,699.28 annually.

Tulare City Council Page 11 of 11
Agenda Memo - October 7, 2025
• Benefit Increase: Increases the deferred compensation amount to $20,000.00 annually. • City Council’s Handbook of Rules and Procedures: Reaffirms the role and responsibilities of the City Manager and City Council’s interactions with the City Manager.

This Amendment recognizes the City Manager's performance and contributions to the City. It also ensures that the City Manager’s compensation and benefits remain competitive with those offered to similar positions in comparable municipalities and support the City Manager's professional development, well-being, and ability to effectively perform his duties.

Fiscal Impact & Funding Source(s): The total cost of this package is $32,128.52.

Environmental Review: This action does not constitute a “project” pursuant to California Environmental Quality Act (CEQA).

Conflict of Interest: Staff is not aware of any conflicts of interest.

Legal Review: This has been reviewed by the City Attorney.

Public Notice: This item does not require a public hearing and was noticed as part of the agenda.

Alternative Action: 1) Approve with changes; 2) Deny; or 3) Table.

13. FUTURE AGENDA ITEMS - NONE SUBMITTED [Time Estimate: 9:05 p.m.]

14. STAFF UPDATES [Time Estimate: 9:05 p.m.]

15. RECESS TO CLOSED SESSION TO DISCUSS THE FOLLOWING [Time Estimate: 9:10 p.m.]

15.1 Conference with Real Property Negotiations (Gov. Code § 54956.8) Property: APNs 191-070-025, 182-230-047, and 171-090-034 Agency Negotiation: City Attorney Zamora, City Manager Mondell, Assistant City Manager Gaffery, Deputy City Manager/CTO Bowling, City Engineer Miller Negotiating Parties: California Department of Transportation (Caltrans) Under Negotiation: Price and terms of payment

16. RECONVENE FROM CLOSED SESSION [Time Estimate: 9:40 p.m.]

17. CLOSED SESSION REPORT - This is the time for Council to publicly report specified closed session action and the vote taken on those actions, if any.

18. ADJOURNMENT [Time Estimate: 9:40 p.m.]
The next regularly scheduled meeting of the Tulare City Council is Tuesday, October 21, 2025, at 7:00 p.m. in the Council Chamber, 491 North M Street, Tulare. t
WHEREAS, the city of Tulare is committed to ensuring the safety and security of all those living in and visiting the CitY of Tulare; and
WHEREAS, fiie remains a serious public safety concern both locally and nationally, and the presence of lithium-ion batteriel in *"ny household devices introduces unique fire risks; and WHEREAS, most of the electronics used in homes daily including smartphones, tablets' laptops' power tools, e-bikes, e-scooters, and various toys are po*"oo'oy lithium--ion batteries' which if misused' damaged, or improperly charged, can overheat, siart a fire' or explode; and WHEREAS, the National Fire protection Association@ (NFPA@) reports.an,increase in battery-related fires, underscoring tne neeO for public eiucation on the safe use of lithium-ion batteries; and WHEREAS, residents should follow three key calls to action: Buy,only listed products, charge batteries safely, and recycle ihem responsibly to prevent battery-related fires; and WHEREAS, lithium-ion batteries store a large amount of energy in'a small space, and improper use such as overcharging, using off-brand .n*g"rr wit[out safety certificJtion, or exposing batteries to damage can result in fire or exPlosion; and
WHEREAS, the proper disposal and recycling of lithium-ion batteries help prevent environmental hazards and reduce fire risks in the home and community; and WHEREAS, the city of Tulare first responders are dedicated to reducing the occurrence of fires through prevention, safety e-ducation, and community outreach; and WHEREAS, the 202b Fire prevention WeekrM theme, "Charge into Fire SafetyrM: Lithium-lon Batteries in your Home,, serves to remind us of the importance of usingJcharging, and recycling lithium-ion batteries safely to reduce the risk of fires in homes and communities' NOW,THEREFORE,we,theCityCounciloftheCityofTulare'
October 5-11,2025 as
Fire Prevention Week
in the City of Tulare.

Dated this 7th daY of October 2025
T
do herebY Proclaim the week of
lsherwood, MaYor
t'- C. A n^;'tC. Harrell, Vice MaYor
J"r^---
coun4lmember
Ntu,i, n, ilnltuwDennis A. Mederos, Councilmember
o
WHEREAS, the State of California has designated the second week of October as Code Enforcement Officer Appreciation Week, recognizing the vital contributions of these public servants; and WHEREAS, Code Enforcement Officers play a crucial role in safeguarding the health, safety, and welfare of the residents and businesses of the City of Tulare by enforcing local, state, and federal laws related to public safety, zoning, building standards, housing, nuisance abatement, and environmental regulations; and
WHEREAS, these officers perform challenging and often demanding work, directly impacting the quality of life in our neighborhoods and commercial areas; and WHEREAS, the responsibilities of Code Enforcement Officers have significantly expanded in recent years, with cities increasingly relying on their expertise and professionalism to maintain safe, clean, and thriving communities; and
WHEREAS, Tulare's Code Enforcement Officers are trained, knowledgeable, and committed professionals who work diligently to prevent neighborhood decline, support community development, protect property values, and promote public safety through consistent enforcement and community engagement; and
WHEREAS, the City of Tulare wishes to formally recognize and commend the dedication, professionalism, and impact of its Code Enforcement Officers, whose efforts make our city a better place to live, work, and do business.

NOW, THEREFORE, we, the City Council of the City of Tulare, do hereby proclaim the week of October 5-11,2025, as
Code Enforcement Officer Appreciation Week
in the City of Tulare and encourage all residents to show their gratitude for the service and dedication of Tulare's Code Enforcement Officers.

Dated this 7th day of October 2025
lsherwood, Mayor
t- C An^;rt
LL
n G. Harrell, Vice MaYor
-L*/-
Sigala/councilmember
T
J*q^-"--
, Goulfcilmem ber
Ntuni, n. rudtuwDennis A. Mederos, Gouncilmember
City of Tulare Page 1 of 4

CITY OF TULARE

CITY COUNCIL MEETING MINUTES
Tulare Public Library & Council Chamber
491 North M Street, Tulare
Tuesday, September 16, 2025
6:00 p.m. Special Meeting
7:00 p.m. Regular Meeting
Proper notice of this meeting was given pursuant to Government Code Section 54954.2 and 54956.

COUNCIL PRESENT: Mayor Patrick Isherwood
Vice Mayor Steve Harrell
Councilmember Jose Sigala
Councilmember Terry A. Sayre
Councilmember Dennis A. Mederos
STAFF PRESENT: City Manager Marc Mondell; City Attorney Mario U. Zamora; Chief Deputy City Clerk Melissa Wilcox; Assistant City Manager Thomas W. Gaffery IV; Deputy City Manager/Chief Technology Officer Jason Bowling; Chief Financial Officer Mark Roberts; City Engineer Michael Miller; Public Works Director Trisha Whitfield; Community Services Director Chris Orr; Police Chief Fred Ynclan; Fire Chief Michael Ott; General Services Director Manny Correa; Community Development Director Mario Anaya; Executive Director of Economic Development & Redevelopment Jennifer Gomez

1. CALL TO ORDER
Mayor Isherwood called to order the special meeting of the Tulare City Council at 6:04 p.m. in the Council Chamber located at 491 North M Street.

2. STUDY SESSION

2.1 Adventure Park Operations and Elk Bayou Nature Preserve Master Plan RFP.

Recommended Action: Receive a presentation and provide direction to staff thereto.

Presented By: City Manager Mondell; Dylan Burt of Applied Adventure Public Comment: Nathaniel Holmes expressed his support for the idea of adding an adventure park to the City.

Council Action: Councilmember Sigala requested an additional public input meeting to be held at the Council Chamber to be added in addition to the meetings indicated in the Elk Bayou Nature Preserve Master Plan Request for Proposals (RFP). Councilmember Sigala also inquired whether the $50,000 for the Parks and Recreation Master Plan implementation that was part of the budget would be used for this purpose as he had hoped to use that for a feasibility study for a softball complex in West Tulare. City Manager Mondell stated there will be a meeting to discuss the regional sportsplex, and the project’s source is different from that of the regional sportsplex. The RFP will be issued on Wednesday, September 17. There was no action taken by Council.

3. ADJOURNMENT
Mayor Isherwood adjourned the special meeting at 7:03 p.m.

4. CALL TO ORDER
Mayor Isherwood called to order the regular meeting of the City Council at 7:13 p.m. in the Council Chamber located at 491 North M Street.

Item #: 11.2
Consent
City Council Meeting Minutes Tuesday, September 16, 2025 City of Tulare Page 2 of 4

5. PLEDGE OF ALLEGIANCE AND INVOCATION
Vice Mayor Harrell led the Pledge of Allegiance, and an invocation was given by Ty Davis, Pastor at Tulare Community Church.

6. PUBLIC COMMENT
Lacey Perryman, on behalf of their neighbor, read a letter concerning ongoing issues with Scott’s Social Services who is operating a group home in Del Lago.

Elise addressed the Council regarding the group home issue in Del Lago and the detrimental effect the screaming and violence from the residents in the home is having on her child.

Donnette Silva-Carter, Tulare Chamber of Commerce CEO, provided Chamber updates.

7. COMMUNICATIONS
City Manager Marc Mondell advised there were no communications.

8. COUNCIL REPORTS AND ITEMS OF INTEREST
Council reported on recent events and discussed items of interest.

9. CONSENT CALENDAR
Item 9.10 was removed from the Consent Calendar.

It was moved by Councilmember Mederos, seconded by Councilmember Sayre, and unanimously carried to approve the items on the Consent Calendar as presented except for item 9.10.

9.1 Waive the reading of ordinances and approve reading by title only.

Recommended Action: Approve the reading by title only of all ordinances and that further reading of such ordinances be waived.

9.2 Approval of City Council Meeting Minutes.

Recommended Action: Approve the minutes of the special and/or regular meeting of September 2, 2025. [M. Wilcox]

9.3 Second Reading and Adoption of Ordinance 2025-13.

Recommended Action: Adopt Ordinance 2025-13 repealing and replacing Section

1.16.010 (Time, place of regular meetings) of Chapter 1.16 (Council Meetings) of the Tulare Municipal Code to change the start time of regular City Council meetings to 5:30 p.m. [M. Mondell]

9.4 Monthly Investments Report.

Recommended Action: Accept the monthly investments report for June 2025. [M.

Roberts]

9.5 Water Line Easement – McDonalds (Vineyard Commercial Center).

Recommended Action: Accept a Grant of Easement for water line purposes from F & C Farming, a California Liability Partnership, for the repair and maintenance of a water line and associated appurtenances to provide city water service a parcel located within The Vineyard Commercial Center at the northwest corner of Prosperity Avenue and Mooney Boulevard; and authorize the City Manager or his designee to sign the Certificate of Acceptance for the same. [M. Miller]
City Council Meeting Minutes Tuesday, September 16, 2025 City of Tulare Page 3 of 4

9.6 Grant of Easement to SCE for Utilities in Landscaping Outlots.

Recommended Action: Authorize the City Manager to execute a Grant of Easement and Certificate of Conveyance to Southern California Edison Company (SCE) for installation and maintenance of SCE utilities located within Landscaping Outlot D and Outlot E of the Farrar Estates No. 2 subdivision, subject only to minor conforming and clarifying changes acceptable to the City Attorney and City Manager. [M. Miller]

9.7 Purchase of 2026 Ford Police Interceptors.

Recommended Action: Award the purchase of three new/unused 2026 Ford Police Interceptor Utility (K8A) AWD vehicles to National Auto Fleet Group of Watsonville, CA using Sourcewell Contract No. 091521-NAF in the amount of $173,107.98. [T. Whitfield]

9.8 Pavement Management System Update Contract.

Recommended Action: Award and authorize the city manager to execute an agreement with International Cybernetics Company, LP (d.b.a. IMS Infrastructure Management Services), of Largo, FL in the amount of $78,480.00 for the 2025 Pavement Management System Update subject to minor, conforming and clarifying changes acceptable to both the city attorney and the city manager. [J. Bowling]

9.9 All-Way Stop Designation for Intersection of Inyo Avenue and O Street.

Recommended Action: Adopt a resolution designating the intersection of Inyo Avenue and O Street as an all-way stop intersection and authorizing the installation of corresponding stop control. [M. Miller]

9.11 Economic Development Updates.

Recommended Action: Receive an update on economic development activities in the City of Tulare. [J. Gomez]

ITEM(S) PULLED FROM CONSENT CALENDAR

9.10 Settlement and Release Agreement.

Recommended Action: Approve the Settlement and Release Agreement in the matter of City of Tulare v. Carolina Gamero de Garnica, Tulare County Superior Court Case No.

VCU322185. [M. Zamora]
Council Action: Councilmember Sigala pulled this item to receive an update on the project. City Engineer Miller provided a response thereto. It was moved by Councilmember Sigala, seconded by Vice Mayor Harrell, and unanimously carried to approve the item as presented.

10. PUBLIC HEARING

10.1 Proposed 2024 Consolidated Annual Performance Evaluation Report.

Recommended Action: Adopt a resolution as presented approving the 2024 Consolidated Annual Performance Evaluation Report (CAPER); and authorize the City Manager or his designee to submit the CAPER to HUD on behalf of the City of Tulare.

Presented By: Housing and Grants Specialist Brar
Public Comment: The public hearing was opened at 7:47 p.m. Receiving no public comment, the hearing was closed at 7:47 p.m.

Council Action: It was moved by Councilmember Sigala, seconded by Vice Mayor Harrell, and unanimously carried to approve the item as presented.

City Council Meeting Minutes Tuesday, September 16, 2025 City of Tulare Page 4 of 4

11. GENERAL BUSINESS

11.1 Voting Delegate Selection for Annual CalCities Conference.

Recommended Action: Select a voting delegate and alternate for the General Assembly at the League of California Cities Annual Conference; and authorize the city clerk to execute and submit the voting delegate form.

Presented By: Chief Deputy City Clerk Wilcox
Public Comment: There were no public comments.

Council Action: It was moved by Councilmember Mederos, seconded by Councilmember Sayre, and unanimously carried to approve the item as presented, appointing Councilmember Sigala as the voting delegate and Councilmember Mederos as the alternate.

12. FUTURE AGENDA ITEMS - NONE SUBMITTED

13. STAFF UPDATES
Staff provided updates on department activities.

14. RECESS TO CLOSED SESSION TO DISCUSS THE FOLLOWING ITEMS

14.1 Conference with Labor Negotiators (Gov. Code § 54957.6) Agency Designated Representatives: City Attorney Zamora, City Manager Mondell, Assistant City Manager Gaffery, Deputy City Manager/CTO Bowling Unrepresented Employee(s): Fire Battalion Chiefs

14.2 Public Employee Performance Evaluation (Gov. Code § 54957) Title: City Manager
Council recessed to closed session at 7:57 p.m.

15. RECONVENE FROM CLOSED SESSION
Council reconvened from closed session at 9:45 p.m.

16. CLOSED SESSION REPORT
City Attorney Zamora advised there was no reportable action.

17. ADJOURNMENT
Seeing no further business to discuss, Mayor Isherwood adjourned the regular meeting at 9:45 p.m.

This is to certify that the foregoing is a true and
correct copy of the minutes of Click or tap to enter a
date., as approved by the Tulare City Council.

Marc Mondell, City Clerk
By Melissa Wilcox, Chief Deputy City Clerk
Staff Report
Meeting: City Council
Date: October 7, 2025
Department: Public Works - Fleet Maintenance
Submitted by: Mike Reed - Fleet Maintenance Manager
Agenda Title: Purchase of Motorola Patrol Two-Way Radios

RECOMMENDED ACTION
Award the purchase of 10 Motorola Patrol two-way radios to Motorola Solutions in the amount of $62,289.62, using Sourcewell Contract No. 042021-MOT (price includes all fees, taxes and shipping charges).

SUMMARY
The City is a member of Sourcewell, which is a national public service agency that provides cooperative purchasing for government agencies. Through Sourcewell Contract No. 042021-MOT, staff is requesting authorization to purchase 10 new Motorola APX6500E Patrol two-way radios. The purchase of the new Police patrol units was previously approved by the City Council. Once the vehicles are received, they are “upfitted” before they are placed into service. Upfitting includes adding lights, racks, safety cages, radios, etc. to the units.

FISCAL IMPACT & FUNDING SOURCES
The radios will be purchased using the Police Departments vehicle replacement funds allocated for FY 2026. New patrol vehicles are budgeted at $80,000 per unit which allows for all upfit costs including the cost for radios.

ENVIRONMENTAL REVIEW
This action does not constitute a “project” pursuant to the California Environmental Quality Act (CEQA).

CONFLICT OF INTEREST
Staff is not aware of any conflicts of interest.

LEGAL REVIEW
This item does not need legal review.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as a part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes

2. Deny

3. Table
If the purchase of the radios is denied, the upfitting of the new Police Interceptors will be delayed until radios can be purchased.

ATTACHMENTS

1. Quote from Motorola Solutions
Reviewed/Approved: TG
Item #: 11.3
Consent
Billing Address:
411 E KERN AVE
TULARE, CA 93274
US
Quote Date:08/27/2025
Expiration Date:10/26/2025
Quote Created By:

Randy Emerzian
[email protected]
End Customer:

TULARE, CITY OF - FLEET DEPT.

Mike Reed
[email protected]
559-684-4336
Contract: 36273 - SOURCEWELL 042021-
MOT
Line # Item Number Description Qty List Price Sale Price Ext. Sale Price APX™ 6500 / Enh Series ENHANCEDAPX6500
1 M25QSS9PW1BN MOBILE RADIO APX6500
ENHANCED UHF R1
10 $3,764.00 $2,747.72 $27,477.20
1a GA00318AF ENH: 5 YEAR ESSENTIAL SVC 10 $480.00 $480.00 $4,800.00 1b G48BD SOFTWARE LICENSE ENH:

CONVENTIONAL OPERATION
APX6500
10 $589.00 $429.97 $4,299.70
1c GA01606AA ADD: NO BLUETOOTH/

WIFI/GPS ANTENNA NEEDED
10 $0.00 $0.00 $0.00
1d G843AH ADD: AES ENCRYPTION AND
ADP
10 $560.00 $408.80 $4,088.00
1e G426AD ADD: ANT 1/4 WAVE WHIP
450-470 MHZ
10 $30.00 $21.90 $219.00
1f G444AH ADD: APX CONTROL HEAD

SOFTWARE
10 $0.00 $0.00 $0.00
1g G806BL SOFTWARE LICENSE ENH:

ASTRO DIGITAL CAI OP APX
10 $607.00 $443.11 $4,431.10
1h W969BG SOFTWARE LICENSE ENH:

MULTIKEY OPERATION
10 $388.00 $283.24 $2,832.40
1i G67DT ADD: REMOTE MOUNT E5
APXM
10 $350.00 $255.50 $2,555.00
1j W432AG ADD: AUXILIARY SPKR 13W
(3.2OHM)
10 $85.00 $62.05 $620.50
QUOTE-3272080
APX6500E Patrol Radios
Any sales transaction following Motorola's quote is based on and subject to the terms and conditions of the valid and executed written contract between Customer and Motorola (the ""Underlying Agreement"") that authorizes Customer to purchase equipment and/or services or license software (collectively ""Products""). If no Underlying Agreement exists between Motorola and Customer, then Motorola's Standard Terms of Use and Motorola's Standard Terms and Conditions of Sales and Supply shall govern the purchase of the Products.

Motorola Solutions, Inc.: 500 West Monroe, United States - 60661 ~ #: 36-1115800

Page 1 ends

TULARE, CITY OF
Line # Item Number Description Qty List Price Sale Price Ext. Sale Price 1k GA01670AA ADD: APX E5 CONTROL HEAD 10 $767.00 $559.91 $5,599.10 1l W22BA ADD: STD PALM MICROPHONE
APX
10 $85.00 $62.05 $620.50
Subtotal $57,542.50
Estimated Tax $4,747.26
Grand Total $62,289.76(USD)
Notes:

QUOTE-3272080
APX6500E Patrol Radios
Any sales transaction following Motorola's quote is based on and subject to the terms and conditions of the valid and executed written contract between Customer and Motorola (the ""Underlying Agreement"") that authorizes Customer to purchase equipment and/or services or license software (collectively ""Products""). If no Underlying Agreement exists between Motorola and Customer, then Motorola's Standard Terms of Use and Motorola's Standard Terms and Conditions of Sales and Supply shall govern the purchase of the Products.

Motorola Solutions, Inc.: 500 West Monroe, United States - 60661 ~ #: 36-1115800

Page 2 ends

Purchase Order Checklist NA OM
Marked as PO/ Contract/ Notice to Proceed on Company Letterhead (PO will not be processed without this)
PO Number/ Contract Number
PO Date
Vendor = Motorola Solutions, Inc.

Payment (Billing) Terms/ State Contract Number
Bill-To Name on PO must be equal to the Legal Bill-To Name Bill-To Address
Ship-To Address (If we are shipping to a MR location, it must be documented on PO) Ultimate Address (If the Ship-To address is the MR location then the Ultimate Destination address must be documented on PO )
PO Amount must be equal to or greater than Order Total
Non-Editable Format (Word/ Excel templates cannot be accepted) Tax Exemption Status
Signatures (As required)
NOTE: When an email order is submitted a confirmation is sent from Motorola AutoNotify referencing a case number.

Once checklist is complete, order still must go through Order Validation/Credit Approval Staff Report
Meeting: City Council
Date: October 7, 2025
Department: Engineering Services - Project Management
Submitted by: Michael Miller, City Engineer
Agenda Title: Capital Improvements Project Dashboard for October 2025

RECOMMENDED ACTION
Accept the Capital Improvements Project Dashboard for October 2025.

SUMMARY
On December 16, 2014, the Tulare City Council adopted the Tulare Project Management System Program Policy (TPMS). The goal of the TPMS is to help the City accomplish significant projects on time, within budget, and in accordance with each project’s clearly defined scope. The TPMS utilizes a systematic approach to project management with the following goals:
• Establish consistency in how projects are managed,
• Create department 5-year project plans,
• Improve pre-planning and preparation,
• Identify and implement management policies and procedures, • Improve project cost tracking and project delivery,
• Formalize and improve project reporting, and
• Review and evaluate project successes or failures upon completion in order to improve on future projects.

FISCAL IMPACT & FUNDING SOURCES
There is no fiscal impact associated with this action.

ENVIRONMENTAL REVIEW
This action does not constitute a “project” pursuant to the California Environmental Quality Act (CEQA).

CONFLICT OF INTEREST
Staff is not aware of any conflicts of interest.

LEGAL REVIEW
This item does not require legal review.

Item #: 11.4
Consent

PUBLIC NOTICE
This item does not require a public hearing and was noticed as a part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes

2. Deny

3. Table

ATTACHMENTS

1. Capital Improvement Project Dashboard as of October 2025 Reviewed/Approved: TG
Project Name Contacts Discription Progress Update Project Budget Phase Completion PK0033: Zumwalt
Park Renovation District(s): 3
Total budget: $15,156,227
Division: Parks
Project Manager: Dylan Chimienti Contract Amount: $11,964,000 Engineer: RRM Design Group Contract Working Days: 365
Contractor: Caliber Contracting Services
Estimated Completion: 2025
Funding: ARPA Federal Grand, Park DIF,
Other General Fund CIP
Project Name Contacts Discription Progress Update Project Budget Phase Completion PK0037: K9 Bane
Dog Park District(s): 4
Total budget: $1,600,000
Division: Parks
Project Manager: Dylan Chimienti Total Contract: $1,287,000 Engineer: 4Creeks Contract Working Days: 70
Contractor: Caliber Contracting Services
Estimated Completion: May 2025
Funding: Park DIF, CDBG
New improvements include a concrete
drive approach and concrete flatwork on
site, asphalt parking lot with concrete ADAaccessible parking stalls, signing and pavement marking, fencing, landscape
architecture and irrigation, architectural
elements including benches, shade
structure, bike racks, drinking fountains,
parking lot and site lighting. Off-site
improvements consist of new curb and
gutter, sidewalk, and asphalt paving on N
“O” Street and N “N” Street
Construction:

The contractor has completed all
construction, and a final contract amount
has been established. The contractor has
procured the warranty bond, and project
closeout procedures have begun. There are
pending labor compliance obligations that
must be fulfilled before staff can take the
NOC to Council.

New improvements will generally include
concrete flatwork, site walls, lighting,
landscaping, playground equipment,
splash pad, new stage and amphitheater
building, new restroom building, ramps,
stairs, fencing, signage, and storm drain
improvements. The existing gazebo shall
remain in place or get rebuilt as an
alternative. Off-site improvements will
consist of new curb, gutter, sidewalk, and
striping along "N" Street and Kern Avenue.

Construction:

All contract construction work has been
completed. Staff are working with the
contractor to close out the project.

Currently pending labor compliance
obligations and warranty bonds. Once
completed, staff will bring it to the Council
for NOC. 100%
Design R.O.W. Const.

Design R.O.W. Const.
100%
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0074: Cross &
West
Improvements
District(s): 1 & 2
Total budget: $842,500
Division: Engineering Total Contract: $1,320,761.56
Project Manager: Dylan Chimienti
Engineer: 4 Creeks Contract Working Days: 120
Contractor: 99 Pipeline Estimated Completion: 2026
Funding: Measure R, Gas Tax, RMRA SB
Project Name Contacts Discription . Project Budget Phase Completion WT0056: Well 50
(Well 1
Replacement)
District(s): 2
Total budget: $2,102,000
Division: Water Drilling Contract: $589,300
Project Manager: Dylan Chimienti Drilling Working Days: 65 Engineer: Carollo
Contractor: Drilling - South Valley
Companies. Equipping -
TBD
Equipping Contract: TBD
Funding: Water CIP Equipping Working Days: 240
Estimated Completion: 2026
This project involves installing a sidewalk
on the north side of Cross Avenue,
enhancing surface water drainage,
modifying water and sewer services,
reconstructing the street, and improving
the westerly side of the Cross Avenue-West
Street intersection. The project will also
improve pedestrian connectivity in the
area.

Construction: The
construction phase started on September
9, 2025. The contractor is currently
conducting potholing. Staff is also working
with private utilities to relocate their
facilities to the new poles.

Construction of new water well to replace
existing Well #1 on the same site.

Construction:

The drilling phase is complete. Staff is
collaborating with the contractor to finalize
project closeout. Once all obligations are
fulfilled, the staff will submit the NOC to
the Council. Additionally, staff is working
with the design engineer on the equipping
phase, which is expected to go out for bid
in October.

Design R.O.W. Const.
5%
Design R.O.W. Const.
100%
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0088: Prosperity
& West Traffic
Signal District(s): 1 & 2
Total budget: $3,486,480
Division: Engineering
Project Manager: Dylan Chimienti
Engineer: QK Contract Working Days: 200
Contractor: TBD Estimated Completion: 2026
Funding: Measure R, Gas Tax, CIP Water,
Sewer CIP
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0095: Academy
& Apricot
Improvements District(s): 4
Total budget: $12,741,517
Division: Engineering
Construction Contract:
$9,931,583
Project Manager: Dylan Chimienti
Engineer: 4 Creeks Contract Working Days: 280
Contractor: Dawson-Mauldin LLC.

Estimated Completion: December
2025
Funding: Gas Tax (RMRA/HUTA), Water
CIP, Sewer CIP, Streets CIP, Storm Drain

CIP, CDBG
Expansion project to install a traffic signal
at the intersection of Prosperity and West.

This includes ROW acquisition to allow the
placement of facilities at their ultimate
location. Includes ADA concrete work,
sewer water, storm drain, and TID facilities.

ROW:

A resolution of necessity was presented to
the Council on May 20, 2025. Following the
approval of the resolution, the City
Attorney's office has filed the eminent
domain complaint. On September 16, the
Council approved the settlement
agreement. Once the settlement
agreement and easement are signed, staff
can coordinate the utility pole relocation
with SCE.

Pavement Management System / Utility
project on Apricot Ave. between Gem St.
and Blackstone St.; Academy Ave. between
Gem St. and Blackstone Ave.; Pine Dr.
between Academy Ave. and Highland St.;
E. La Mesa Dr. between Academy Ave. and
Blackstone St.; N. Gem St. between San
Joaquin Ave. and Academy Ave.; Highland
St. between San Joaquin Ave. and the
Santa Fe Trail; and Olympic Ct. at Apricot
Ave. Includes ADA Concrete work, Water,
Sewer and Surface Water facilities.

Construction:

Phases 1, 2, 3, and 4 are completed except
for punch lists and HMA remediation. The
contractor is now working on phase 5,
which covers Apricot and Academy, east of
Highland to Blackstone. Water, storm, and
sewer have been installed on Apricot and
Olympic Ct. The contractor is installing
sewer down Academy.

Design R.O.W. Const.
100%
Design R.O.W. Const.
85%
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0099: Mt. View
St. Improvemetns District(s): 5
Total budget: $5,521,134
Division: Engineering Contract Amount: TBD
Project Manager: Dylan Chimienti
Engineer: 4Creeks Contract Working Days: TBD
Contractor: TBD Estimated Completion: TBD
Funding: Gas Tax (RMRA), Water CIP,
Sewer CIP, Streets CIP, Storm Drain CIP
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0101: TesoriBella Oaks
Improvements
District(s): 5
Total budget: $3,247,500
Division: Engineering Contract Amount: TBD
Project Manager: TBD Remaining Budget:

Engineer: 4Creeks Contract Working Days: TBD
Contractor: TBD Estimated Completion: TBD
Funding: State HWY DIF Fund, Other
General Fund CIP, Nunley Settlement
Infrastructure improvements, traffic safety,
liability relief concerns, and compliance
with ADA requirements associated with the
Tesori and Bella Oaks subdivisions,
including Mooney Boulevard (SR63)
improvements across project frontages.

Design:

A contract with the design engineer was
awarded by Council on 11/24. City staff
anticipates a 30% plans and specifications
review in early 2025.

Pavement Management System / Utility
project on Tulare Ave./Cheryl Lane Alley
between Canby St. and Mt. View St.; Cheryl
Lane at Laspina St.; Academy Ave.
between Laspina St. and Mt. View St.;
Burton Ave. west of Laspina to east of Mt.

View St.; Eastgate Ave. west of Laspina St.
to Mt. View St.; Vineland Ave. between
Laspina St. and Mt. View St.; and Fairwind
Ct. at Vineland Ave. Includes ADA
Concrete work, Water, Sewer and Surface
Water facilities.

Design :

One hundred percent of the design and bid
specifications have been completed.

Waiting for approval to put out to bid.

Design R.O.W. Const.
100%
Design R.O.W. Const.
30%
Project Name Contacts Discription Progress Update Project Budget Phase Completion WT0040: Well 4-3
SRF Grant Project
(Pratt Matheny
Well and Pipeline)
District(s): All
Total budget: $8,061,402
Division: Water
Construction Contract:
$7,885,711
Project Manager: Dylan Chimienti
Engineer: Cannon Contract Working Days: 270
Contractor: WM Lyles Estimated Completion: 2025
Funding: Water CIP, SRF Grant
Project Name Contacts Discription Progress Update Project Budget Phase Completion FM0046:

Courthouse
Renovation
District(s): 3
Total budget: $6,707,956
Division: Facility Maintenance
Construction Contract:
$5,800,000
Project Manager: Bryan Cahill
Engineer: 4Creeks Contract Working Days: 200
Contractor: 4CG and Various others Estimated Completion: 2025 Funding: ARPA Funds, General CIP, Lease
Revenue Bonds
Funded by an SRF grant from the State as a
result of the Matheny Tract connection to
the City water system. The project
includes construction of a new City well 4-
3 (per the Carollo Matheny/Soultz
Technical Memorandum) and extending
the 12" mainline from Well 14 north up I
Drive to Matheny Tract.

Construction:

All construction-related activities have
been completed. Project closeout is
pending the final contract amount,
warranty bond, and outstanding labor
compliance.

City of Tulare purchased the Tulare County
Superior Court House, Renovations include
Police Department, Business Incubator,
and Chamber of Commerce.

Construction: Temporary Occupancy
granted. Working through Punch List
items. Anticipated punch list to be
completed within the next 2 weeks.

Design R.O.W. Const.
100%
Design R.O.W. Const.
99%
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0096:

International Agricenter Interchange District(s): 3
Total budget: $52,800,000
Division: Engineering
Construction Contract:
$52,800,000
Project Manager: Bryan Cahill
Engineer: Caltrans & NV5 Contract Working Days:

Contractor: Security Paving
Estimated Completion: January
2026
Funding: TCAG
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0097:

International Agricenter Extension District(s): 3
Total budget: $6,040,779
Division: Engineering Construction Contract: TBD
Project Manager: Bryan Cahill
Engineer: Peter Engineering Group Contract Working Days: TBD Contractor: TBD Estimated Completion: TBD
Funding: Measure R Local, CDBG, Streets
DIF, Water DIF, IAC Way Benefit District
and Federal Earmark
4 Lane overpass constructed over Hwy 99
connecting K St through Commercial Ave
to Laspina St.

Construction: Infastructure improvements
including: sewer line, water line, and storm
drain are 80% complete. Bridgedeck 80%
complete. Asphalt and cement work for onand off-ramps continues. Anticipated work includes water connections to businesses,
drive approaches, and sidewalks on
International Agri Center Way.

Coordination with City Departments is
ongoing.

Street Construction, including water,
sewer, and storm drain lines. Connecting
Laspina St thru to Turner Dr.

ROW: City is in negotiations with the
Interational Agri-Center and the Faria
Family on right of way acquisition. Project
plans and specifications are now
complete. Federal funding requires the City
to conduct a NEPA study. City staff is
working on retaining a consultant to
conduct the study.

Design R.O.W. Const.
80%
Design R.O.W. Const.
50%
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0078: Bardsley
Sidewalk
Improvements District(s): 5
Total budget: $303,444
Division: Engineering Construction Contract:

Project Manager: Bryan Cahill
Engineer: City of Tulare Contract Working Days:

Contractor: TBD Estimated Completion: TBD
Funding: Gas Tax
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0103: Tulare Ave
Roundabout District(s): 5
Total budget: $1,605,000
Division: Engineering Construction Contract:

Project Manager: Bryan Cahill
Engineer: 4Creeks Contract Working Days: 180
Contractor: Cen-Cal Estimated Completion: 2025
Funding: Fund 245 – State HWY DIF Funds
Traffic Safety Project. To install a
continuous ADA-compliant sidewalk and
curb gutter along Bardsley Ave at Morrison
St.

ROW: Staff has reached an agreement with
the property located at 3158 E Bardsley.

Staff is currently in negotiations with the
property located at 3136 E Bardsley. All
parties are in agreement, pending the
submission of probate court
documentation. Once the documents are
finalized, staff will proceed with issuing a
request for bids.

Construct a roundabout at the intersection
of Tulare Ave and Morrison Street in
partnership with Caltrans and Woodside
homes, the developer of the Farrar Estates
subdivision.

Construction: All contract work has been
completed. SCE requested the realignment
of electrical conduit and meter sockets.

This change has been completed. Currently
pending SCE to entergize roundabout
flashing beacons. Once complete, staff will
work towards project closeout.

Design R.O.W. Const.
90%
Design R.O.W. Const.
100%
Project Name Contacts Discription Progress Update Project Budget Phase Completion WT0055: HWY 99
Water Crossing at
Washington Ave District(s): 4
Total budget: $1,400,000
Division: Water Construction Contract: TBD
Project Manager: Bryan Cahill
Engineer: Provost & Prichard Contract Working Days: TBD Contractor: TBD Estimated Completion: TBD
Funding: Water DIF; Water CIP
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0102: South K
Street
Improvements
District(s): 3
Total budget: $7,009,870
Division: Engineering Construction Contract: TBD
Project Manager: Bryan Cahill
Engineer: Peter Engineering Group Contract Working Days: 120 Contractor: TBD Estimated Completion: 2026
Funding: Measure R Local, Gas Tax (HUTA),
STBGP Funds, Franchise Fee (Solid Waste)
The pavement management system project
is on South K Street between Olson Avenue
and Paige Avenue. It includes ADA
concrete work.

Construction of a water main under
Highway 99 between Prosperity and
Cartmill. This project has been identified in
the Water Master Plan and is needed to
help loop the system on the north side of
Tulare. This project will need to occur with
the development of Cartmill.

ROW: Property acquisition is now
complete. Due to funding requirements,
the City has to develop an EPA Work Plan.

This plan is nearing completion, with the
cultural resources having been completed
and submitted to the EPA. Once finalized,
staff will publish a request for bids in
November 2025.

Construction: Staff conducted a bid
opening on September 18, 2025. Staff is
currently reviewing all bids for
completeness and accuracy. Once the
review process is complete, staff will bring
the bid to Council for award. Staff
anticipates this date will be discussed at
the October 21st Council meeting.

Design R.O.W. Const.
100%
Design R.O.W. Const.
0%
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0093: Prosperity
& J St. Intersection
Improvements District(s): 2 & 4
Total budget: $2,800,000
Division: Engineering Construction Contract:

Project Manager: TBD
Engineer: Peter Engineering Group Contract Working Days:

Contractor: TBD Estimated Completion: 2026
Funding: Gas Tax (HUTA), CRISI Grant
Project Name Contacts Discription Progress Update Project Budget Phase Completion FM0048:

Emergency
Homeless Shelter District(s): 3
Total budget: $12,970,101
Division: Facility Maintenance
Construction Contract:
$8,940,000
Project Manager: Bryan Cahill
Engineer: 4Creeks Contract Working Days: 300
Contractor: Superior Construction Estimated Completion: 2026 Funding: ARPA Federal Grant, 601 General
Fund, County ARPA, Federal Earmark, ERF
Round 2 Grant, State Earmark.

CRISI Grant funded project to add
protected left movements for E/bound &
W/bound traffic at Prosperity and J Street,
add a pre-signal in advance of the UPRR
crossing, and install ADA compliant
pedestrian improvements.

Construct an emergency homeless shelter
facility consisting of perimeter fencing,
parking, exterior lighting, modular offices,
laundry, living quarters, ADA restrooms,
showers, single-use restrooms, showers,
modular classrooms, a food pantry,
storage containers, dog kennels, and
20,000 sf steel building primary shelter
structure.

Construction: Underground installation is
complete. Sixteen modular living quarters
will be relocated to their foundations on
September 30th. In the Metal Building, 90%
of the Mechanical, Electrical, Fire Control,
Plumbing, and HVAC systems are currently
being installed. Upcoming work includes
concrete flatwork, foundations, restrooms,
and showers. The Office, Laundry,
Classroom, and Food Pantry buildings are
in fabrication and scheduled for delivery.

Design: Due to additional scope required
by the UPRR that is not covered by the
available CRISI grant funding, this project is
not expected to move forward to
construction. Design per the original scope
will be completed to be used for future
funding applications.

Design R.O.W. Const.
85%
Design R.O.W. Const.
50%
Project Name Contacts Discription Progress Update Project Budget Phase Completion EN0098: Tulare -
Dayton Ave
Improvements
District(s): 3
Total budget: $6,807,467
Division: Engineering Construction Contract:

Project Manager: Bryan Cahill
Engineer: Peter Engineering Group Contract Working Days:

Contractor: TBD Estimated Completion: 2027
Funding: Gas Tax (RMRA), Water CIP,
Sewer CIP, Storm Drain CIP, CDBG
Project Name Contacts Discription Progress Update Project Budget Phase Completion PK0039: Alpine
Property
Improvements
District(s): 5
Total budget: $419,790
Division: Parks Construction Contract: TBD
Project Manager: Dylan Chimienti
Engineer: Lane Engineering Contract Working Days: TBD
Contractor: TBD Estimated Completion: 2026
Funding: Fund 601 - Other General Fund
CIP
Design and construct frontage
improvements across City-owned property
at the southeast corner of Alpine Avenue
and Nelder Grove Street in accordance
with the terms of a lease agreement
between the City and Tulare City School
District dated December 12, 2023.

Design: Plans and specifications have been
completed. Staff is currently coordinating
with SCE on the addition of an additional
streetlight associated with this project.

Once SCE finalizes the plan and
requirements, the streetlight staff will work
towards putting the project out to bid.

Pavement Management System / Utility
project on Academy Ave. between Dayton
St. and Laspina St; Stanley Dr. between
Lane St. and Academy Ave.; La Mesa Ave.
between Dayton St. and Spruce St.; Burton
Ave. east of Lane St.; Miracle Ct.; Dayton
St. between Tulare Ave. and La Mesa Ave.;
Lane St. between Tulare Ave. and Burton
Ave.; and Canby St. between Tulare Ave.
and the Santa Fe Trail. Includes ADA
Concrete work, Water, Sewer and Surface
Water facilities.

Design: Plans and specifications are
complete. Staff is working towards
procuring a Community Development
Block Grant to subsidize construction
costs. Funding requirements dictate that
the disbursment be made in 2026. Staff will
publish the request for bids in December
2025.

Design R.O.W. Const.
100%
Design R.O.W. Const.
100%
Staff Report
Meeting: City Council
Date: October 7, 2025
Department: Engineering Services - Engineering
Submitted by: Michael W. Miller, City Engineer
Agenda Title: Parcel Map Acceptance – TPM 2025-01

RECOMMENDED ACTION
Approve the parcel map filed by BF Central Valley Holdings, LLC, a Washington Limited Liability Company, for the division of land located 400 feet east of E Street and 1,300 feet north of Paige Avenue for recording, and accept all dedications and easements offered to the City.

SUMMARY
Tentative Parcel Map No. 2025-01, filed by BF Central Valley Holdings, LLC, seeks to create two parcels from one existing parcel for the future development associated with the Valov Subdivision. The City of Tulare Planning Commission approved the Tentative Parcel Map on March 24, 2025. This parcel map covers approximately 30 acres, with Parcel 1 measuring 17.5 acres and Parcel 2 measuring 12.5 acres.

FISCAL IMPACT & FUNDING SOURCES
There is no fiscal impact associated with this action.

ENVIRONMENTAL REVIEW
The tentative subdivision map for the Valov Subdivision was approved by the Tulare Planning Commission on February 10, 2025, by Resolution No. 5504. A Mitigated Negative Declaration was prepared in support of the tentative map submittal, and the Planning Commission made the finding that there was no substantial evidence that the project would have a significant effect on the environment with the incorporated mitigation measures.

CONFLICT OF INTEREST
Staff is not aware of any conflicts of interest.

LEGAL REVIEW
The parcel map will be reviewed for compliance with applicable legal requirements prior to recordation.

ALTERNATIVE ACTION

1. Approve with changes - Changes may result in a delay to the project continuing and an additional financial burden to the applicant.

2. Deny – Denial would prevent the division of the existing parcel, which may hinder the future development of the Valov Subdivision.

3. Table - Tabling the item may cause delays in the project's continuation and add financial burdens for the applicant.

ATTACHMENTS

1. Parel Map Committee Resolution 865

2. Parcel Map TPM 2025-01
Reviewed/Approved: TG
Item #: 11.5
Consent

N0° 00' 12"E 2630.74' (N0° 00'E 2628.16') [N0° 00' 14"W 2630.80'] PARCEL 2

12.56 AC
PARCEL 1

17.46 AC
N89° 42' 45"E 2,642.92' (S89° 47'W 2643.43') [N89° 42' 30"E 2642.71'] <N89° 42' 30" 2642.71'> 579.68' 993.95' (994.14') [993.87'] 726.68' 588.68'
993.95' (994.14') [993.87'] ((993.86')) [[993.87']] N0° 00' 12"E 1,315.57' (N0°00'E 1314.95') [N0° 0' 14'E 1315.62'] [[N0° 00' 15"E 1315.55']] N89° 42' 04"E 993.95' (N89° 44'E) [N89° 41' 45"E 2643.29'] 1315.37' (1314.08') [1315.40'] N89° 41' 26"E 671.95' N89° 59' 48"W 164.00' N0° 00' 12"E 46.32' N0° 00' 12"E 53.94' N89° 59' 48"W 158.00' WEST LINE, EAST 30 ACRES, NE1/4, SE1/4, SEC. 15, T20S, R24E 735.88' PREPARED BY: 324 S. SANTA FE, STE. A
VISALIA, CA 93292 TEL: 559.802.3052 FAX: 559.802.3215 www.4-creeks.com PREPARED BY: 324 S. SANTA FE, STE. A
VISALIA, CA 93292 TEL: 559.802.3052 FAX: 559.802.3215 www.4-creeks.com NORTH VICINITY MAP NO SCALE LEGAL DESCRIPTION: THE EAST 30 ACRES OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 15, TOWNSHIP 20 SOUTH, RANGE 24 EAST, MOUNT DIABLO BASE AND MERIDIAN, IN THE CITY OF TULARE, COUNTY OF TULARE, STATE OF CALIFORNIA, ACCORDING TO THE OFFICIAL PLAT THEREOF PARCEL MAP NO.

CITY OF

TULARE, CA

BOARD OF SUPERVISOR'S STATEMENT

RECORDER'S STATEMENT

SURVEYOR'S STATEMENT

CITY SURVEYOR'S STATEMENT

OWNER'S STATEMENT

THIS MAP WAS PREPARED BY ME OR UNDER MY DIRECTION AND IS BASED UPON A FIELD SURVEY

IN CONFORMANCE WITH THE REQUIREMENTS OF THE SUBDIVISION MAP ACT AND LOCAL ORDINANCE AT THE REQUEST OF WOODSIDE HOMES ON DECEMBER 19, 2023, I HEREBY STATE THAT THIS

PARCEL MAP SUBSTANTIALLY CONFORMS TO THE APPROVED OR CONDITIONALLY APPROVED TENTATIVE MAP, IF ANY. ALL MONUMENTS ARE OF THE CHARACTER AND OCCUPY THE POSITIONS INDICATED AND ARE SUFFICIENT TO ENABLE THE SURVEY TO BE RETRACED. THE MONUMENTS NOT YET SET, WILL BE SET WITHIN ONE YEAR OF RECORDATION OF THIS MAP CLINTON J. CAUDLE P.L.S. 9849 DATE

I HEREBY STATE THAT I HAVE CAREFULLY EXAMINED THIS MAP AND AM SATISFIED THAT THIS MAP IS

TECHNICALLY CORRECT, PURSUANT TO THE PROVISIONS OF THE SUBDIVISION MAP ACT TIMOTHY M. ODOM CITY SURVEYOR P.L.S. 8468 DATE
I, JASON T. BRITT, COUNTY ADMINISTRATIVE OFFICER/CLERK OF THE BOARD OF SUPERVISORS OF THE COUNTY OF TULARE, STATE OF CALIFORNIA, DO HEREBY STATE THE SAID BOARD OF SUPERVISORS HAS APPROVED THE PROVISIONS MADE FOR THE PAYMENT OF TAXES AS PROVIDED IN DIVISION 2 OF TITLE 7 OF THE GOVERNMENT CODE OF THE STATE OF CALIFORNIA. DATED THIS DAY OF , 20 . JASON T. BRITT COUNTY ADMINISTRATIVE OFFICER/CLERK OF THE BOARD OF SUPERVISORS BY: DEPUTY DOCUMENT NO. FEE PAID FILED THIS DAY OF , 20 , AT M., IN BOOK OF PARCEL MAPS, AT PAGE TULARE COUNTY RECORDS, AT THE REQUEST OF 4 CREEKS, INC. TARA K FREITAS, CPA

TULARE COUNTY ASSESSOR/CLERK-RECORDER
BY: DEPUTY

WE HEREBY STATE THAT WE ARE THE LEGAL OWNERS OF, OR HAVE SOME RIGHT, TITLE OR

INTEREST IN AND TO THE REAL PROPERTY INCLUDED WITHIN THE BOUNDARIES OF THE

SUBDIVISION SHOWN UPON THIS PARCEL MAP, AND THAT WE ARE THE ONLY PERSONS WHOSE CONSENT IS NECESSARY TO PASS A CLEAR TITLE OF SAID PROPERTY, AND WE CONSENT TO THE MAKING AND FILLING OF SAID PARCEL MAP AS SHOWN WITHIN THE BOLD BORDER LINES HEREON. WE HEREBY OFFER TO DEDICATE AND DO HEREBY DEDICATE THE FOLLOWING, AS SHOWN WITHIN THE BOUNDARIES OF THE MAP HEREON, FOR THE SPECIFIED PURPOSES: _________________________________________________________________________________________________ BF CENTRAL VALLEY HOLDINGS, LLC DATE

A WASHINGTON LIMITED LIABILITY COMPANY
TPM 2022-02

STATE OF CALIFORNIA/COUNTY OF TULARE
SIGNATURE MY COMMISSION EXPIRES: PRINCIPAL PLACE OF BUSINESS: COUNTY ON _______________, BEFORE ME, ____________________________, A NOTARY PUBLIC PRINT NAME COMMISSION NO.

A NOTARY PUBLIC OR OTHER OFFICER COMPLETING THIS CERTIFICATE VERIFIES ONLY THE

IDENTITY OF THE INDIVIDUAL WHO SIGNED THE DOCUMENT TO WHICH THIS CERTIFICATE IS ATTACHED, AND NOT THE TRUTHFULNESS, ACCURACY, OR VALIDITY OF THAT DOCUMENT. PERSONALLY APPEARED, _______________________________________ WHO PROVED TO ME ON THE BASIS OF SATISFACTORY EVIDENCE TO BE THE PERSON(S) WHOSE NAME(S)

IS/ARE SUBSCRIBED TO THE WITHIN INSTRUMENT AND ACKNOWLEDGED TO ME THAT HE/SHE/THEY EXECUTED THE SAME IN HIS/HER/THEIR AUTHORIZED CAPACITY(IES), AND

THAT BY HIS/HER/THEIR SIGNATURE(S) ON THE INSTRUMENT THE PERSON(S), OR THE ENTITY UPON BEHALF OF WHICH THE PERSON(S) ACTED, EXECUTED THE INSTRUMENT.

I CERTIFY UNDER PENALTY OF PERJURY UNDER THE LAWS OF THE STATE OF CALIFORNIA THAT THE FOREGOING PARAGRAPH IS TRUE AND CORRECT. WITNESS MY HAND.

NOTARY ACKNOWLEDGEMENT CITY OF
TULARE

CITY OF
TULARE
TULARE
COUNTY
TULARE

COUNTY PRATT STI ST

PAIGE AVE

BARDSLEY AVE

SUBJECT PARCEL
1321.46' [1321.36']
PARKWOOD MEADOWS UNIT NO. 8
(RM 36-44) 2 3 4 5 6 7 8 7 6 5 4 3 2 1 1 2 3
PARKWOOD MEADOWS UNIT NO. 9
(RM 36-45) DEER CREEK STREET 53 52 51 32 31 30 29 LOT 56 22 21 PARKWOOD MEADOWS UNIT NO. 10 (RM 36-77) PARKWOOD MEADOWS UNIT NO. 12 (RM 36-79) DRIFTWOOD AVENUE

LEMONWOOD
AVENUE EAST QUARTER COR. SECT. 15-20/24 FOUND 1" IRON PIPE WITH PIN PER LS 8-66 (1314.08') [1315.40'] SOUTHEAST COR. SECT. 15-20/24 FOUND 1/2" IRON PIPE WITH NO TAG, 11" DP PER JACK MICHAEL LANE 1978 TIES
SOUTH QUARTER COR. SECT. 15-20/24 FOUND BRASS DISC NO STAMP FLUSH IN CONC, PER K.B. 1976 TIES CHECK CENTER QUARTER COR. SECT. 15-20/24 FOUND TC CORNER 12" DEEP PER L.S. 8-66
1321.88' N0° 01' 17"E 2631.79' [N0° 01' 17"E 2631.96'] BASIS OF BEARINGS PARKWOOD MEADOWS UNIT NO. 5
(RM 35-32) BASIS OF BEARINGS
THE WEST LINE OF THE SOUTHEAST QUARTER OF SECTION 15, TOWNSHIP 20 SOUTH, RANGE 24 EAST, MOUNT DIABLO BASE AND MERIDIAN, PER RECORD OF SURVEY RECORDED IN BOOK 13, OF LICENSED SURVEYS, PAGE 02, TULARE COUNTY RECORDS
TAKEN AS N0°01'17"E
SCALE: 1" = 200' 200' 200' 23 20 27 50
1 N89° 41' 23"E 2643.76' (N89° 41'E 2644.22') [N89° 41' 00"E 2643.88'] 1321.88' 1321.67'
327.51' [327.48']
327.72'
LEGEND
TCR

FOUND AND ACCEPTED MONUMENT AS DESCRIBED

TULARE COUNTY RECORDS

SUBDIVISION BOUNDARY
SET 3/4" IRON PIPE TAGGED "PLS 9849" DOWN 6IN
( ) RECORD DATA PER RECORD OF SURVEY RECORDED IN
VOLUME 8, OF LICENSED SURVEY, PAGE 66, TCR
[ ] RECORD DATA PER RECORD OF SURVEY RECORDED IN
VOLUME 13, OF LICENSED SURVEY, PAGE 2, TCR
< > RECORD DATA PER PARKWOOD MEADOWS UNIT NO. 12 RECORDED IN BOOK 36, OF MAPS, PAGE 79, TCR (( )) RECORD DATA PER PARKWOOD MEADOWS UNIT NO. 5 RECORDED IN BOOK 35, OF MAPS, PAGE 32, TCR [[ ]] RECORD DATA PER PARKWOOD MEADOWS UNIT NO. 10 RECORDED IN BOOK 36, OF MAPS, PAGE 77, TCR 1315.37' 1315.90' 1315.90'

PRELIMINARY

SOIL ENGINEER'S REPORT

A SOILS REPORT WAS PREPARED FOR THIS SUBDIVISION BY IN CONFORMANCE WITH THE PROVISION OF STATE AND LOCAL STATUES DATED AND SHALL BE KEPT ON FILE FOR PUBLIC INSPECTION.

CITY ENGINEER'S STATEMENT
I HEREBY STATE THAT I HAVE EXAMINED THIS MAP; THAT THE SUBDIVISION AS SHOWN IS

SUBSTANTIALLY THE SAME AS IT APPEARED ON THE TENTATIVE MAP, AND ANY APPROVED ALTERATIONS THEREOF; THAT ALL OF THE PROVISIONS OF THE SUBDIVISION MAP ACT AND ANY

LOCAL ORDINANCES APPLICABLE AT THE TIME OF APPROVAL OF THE TENTATIVE MAP HAVE BEEN COMPLIED WITH. I FURTHER CERTIFY THAT ALL REQUIRED OFFSITE AND ONSITE IMPROVEMENTS HAVE EITHER ALREADY BEEN INSTALLED, HAVE BEEN DEFERRED UNTIL FUTURE DEVELOPMENT, OR ADEQUATE BONDS OR OTHER SUITABLE SURETIES HAVE BEEN PROVIDED. MICHAEL W. MILLER CITY ENGINEER R.C.E. 53462 DATE COMMUNITY DEVELOPMENT DIRECTOR'S STATEMENT

I HEREBY CERTIFY ON BEHALF OF THE PARCEL MAP COMMITTEE THAT THIS PARCEL MAP CONFORMS TO THE APPROVED TENTATIVE PARCEL MAP NUMBER 2025-01 BY THE CITY OF TULARE PARCEL MAP COMMITTEE AT THE REGULAR MEETING HELD ON THE 25TH DAY OF MARCH, 2025. BY: MARIO ANAYA, DATE

PLANNING AND COMMUNITY PRESERVATION DIRECTOR / CITY PLANNER CITY CLERK'S STATEMENT THIS IS TO CERTIFY THAT AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF TULARE HELD ON THE DAY OF , 20 AN ORDER WAS DULY

AND REGULARLY MADE AND ENTERED APPROVING THIS PARCEL MAP AND ACCEPTING ON BEHALF OF THE PUBLIC, SUBJECT TO IMPROVEMENT, ANY OFFERS TO THE PUBLIC INCLUDED WITHIN THE BOUNDARIES AS SHOWN UPON THIS MAP. THE FILING OF THIS MAP SHALL CONSTITUTE ABANDONMENT OF THE TEMPORARY ALLEY EASEMENT PER GRANT OF EASEMENT RECORDED IN 10/10/1994 AS INSTRUMENT NUMBER 94-072868, OFFICIAL TULARE COUNTY RECORDS WITNESS MY HAND AND OFFICIAL SEAL OF THE CITY OF TUALRE THIS DAY OF , 20 . MARC MONDELL, CITY MANAGER/CITY CLERK
BY:

MELISSA WILCOX, CMC, CPMC, CHIEF DEPUTY CITY CLERK

RIGHT TO FARM NOTICE
IN ACCORDANCE WITH SECTION 10.160.50 OF THE CITY OF TULARE ORDINANCE CODE, AND AS A CONDITION OF APPROVAL OF THE ABOVE REFERENCE PARCEL MAP, SUBDIVISION MAP, OR USE PERMIT, THE OWNERS HEREBY ACKNOWLEDGE THAT:

IF THE PROPERTY IN WHICH YOU ARE TAKING AN INTEREST IS LOCATED ADJACENT TO AGRICULTURAL LANDS OR OPERATIONS, OR IS INCLUDED WITHIN AN AREA ZONED FOR AGRICULTURAL PURPOSES, YOU MAY BE SUBJECT TO INCONVENIENCES OR DISCOMFORT ARISING FROM SUCH OPERATIONS INCLUDING, BUT NOT LIMITED TO: NOISE, ODORS, FUMES, DUST, SMOKE, INSECTS, OPERATIONS OF MACHINERY (INCLUDING AIRCRAFT) DURING ANY 24-HOUR PERIOD, STORAGE AND DISPOSAL OF MANURE, AND THE APPLICATION (BY SPRAYING OR OTHERWISE) OF CHEMICAL FERTILIZERS, SOIL AMENDMENTS, HERBICIDES, AND PESTICIDES. ONE OR MORE OF THE

INCONVENIENCES DESCRIBED HEREIN MAY OCCUR AS A RESULT OF ANY SUCH AGRICULTURAL OPERATION WHICH IS IN CONFORMANCE WITH EXISTING LAWS AND REGULATIONS AND ACCEPTED CUSTOMS AND STANDARDS. IF YOU LIVE ADJACENT TO AN

AGRICULTURAL OPERATION, YOU SHOULD BE PREPARED TO ACCEPT SUCH INCONVENIENCES AND DISCOMFORT AS A NORMAL AND NECESSARY ASPECT OF LIVING IN A CITY WITH A STRONG RURAL CHARACTER AND AN ACTIVE AGRICULTURAL SECTOR IN THE REGION. NOTICE TO HOMEOWNERS THIS SUBDIVISION IS WITHIN A LANDSCAPE MAINTENANCE DISTRICT WITH ANNUAL ASSESSMENTS FOR LANDSCAPING, IRRIGATION SYSTEMS, PEDESTRIAN SIDEWALKS AND BLOCK WALLS ASSOCIATED WITH COMMON AREAS LOTS; SUPPLEMENTAL STREET MAINTENANCE COSTS ASSOCIATED WITH LOCAL STREETS WITHIN THE DISTRICT BOUNDARIES; AND MAINTENANCE AND REGULATORY COMPLIANCE MEASURES ASSOCIATED WITH THE STORM DRAINAGE BASIN SERVING THE AREA WITHIN THE DISTRICT BOUNDARIES. ASSESSMENTS ARE SUBJECT TO ANNUAL INCREASES IN ACCORDANCE WITH THE CONSUMER PRICE INDEX FOR THE LOS ANGELES - ANAHEIM AREA.

PAGE 1 OF 1 1315.63' N0° 00' 44"E 2631.26' 1315.63'
Staff Report
Meeting: City Council
Date: October 7, 2025
Department: Information Technology Services
Submitted by: Jason Bowling Deputy City Manager/ Chief Technology Officer Agenda Title: Project for Communications at Tulare County Fire Station 25

RECOMMENDED ACTION
Approve appropriation of $181,000 from the Technology reserve from General CIP Fund (Formally Fund 603 Technology CIP) for the creation of an out-of-cycle Capital Improvement Project to add communications equipment at County Fire Station 25 in the amount of $226,000; and authorize a sole source purchase of police and fire radio equipment from Motorola Solutions to be used at County Fire Station 25 from Motorola Solutions in the amount of $68,628.26.

SUMMARY
In May 2025, City of Tulare entered a memorandum of understanding (MOU) with Tulare County for the use of a recently constructed 140ft communications tower located at 2082 Foster Drive, Tulare CA for radio and Communication Services. Over the past several months City of Tulare Public Safety and Information Technology staff have worked to develop a comprehensive project to add communications to this location. The scope of this project will add police and fire communications to this site as well as infrastructure to read water meters. Tower location and height make this an ideal site to add to police and fire radio network. The addition of this site will help ensure coverage in the growth areas on the east of the city. Attached is a project sheet outlining the expenses and funding sources proposed for this project.

The City of Tulare police and fire departments use Motorola solutions to the back-end infrastructure for their radio networks. Motorola is the only vendor who can provide equipment for an additional site that is consistent with other sites in the network. This purchase from Motorola will add an additional radio voting site increasing radio coverage and resiliency for both Police and Fire.

FISCAL IMPACT & FUNDING SOURCES
This project is being funded by two sources. The primary funding is a new appropriation of $181,000.00 from the Technology reserve now included in General CIP Fund which was formally Fund 603 Technology CIP Fund. The remaining funding for the completion of this project will come from approved project WT0049 Meter Upgrade. This funding has already been approved by the Board of Public Utilities and will be used for the water meter reading equipment portion and a share of the communications cabinet and power construction.

ENVIRONMENTAL REVIEW
This project is exempt pursuant to Sections 15268 (Ministerial Projects) and 15301 (existing facilities) of the California Environmental Quality Act.

Item #: 11.6
Consent

CONFLICT OF INTEREST
Staff is not aware of any conflicts of interest.

LEGAL REVIEW
This item does not require legal review.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as a part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes

2. Deny

3. Table

ATTACHMENTS

1. Project Sheet for WT0049 Meter Upgrade

2. Project Sheet for Communications Equipment for County Fire Station 25 Reviewed/Approved: TG
PROJECT MANAGER:

PROJECT DESCRIPTION & PURPOSE:

KEY POINTS:

PROJECT STATUS:

PROJECTED START DATE:

PROJECTED END DATE:

FUTURE M & O:
(Additional Cost & Department
Responsibility)
CRITERIA (1-8):

To Date Remaining
Year 2025/2026 2026/2027 2027/2028 2028/2029 2029/2030
010 - Administrative $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 020 - Conceptual $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 030 - Preliminary Design/Plan $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 040 - Environmental $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 050 - Final Design/Plan $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0200 - Setup & Training $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0612 - Materials & Licensing $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 060 - Right of Way/Property $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 070 - Construct/Implement $212,193.90 $0.00 $0.00 $76,500.00 $25,000.00 $0.00 $0.00 $0.00 $313,693.90 $0.00 0001 - Construction $212,193.90 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $212,193.90 $0.00 0700 - Construction/Labor & Materials Costs $0.00 $0.00 $0.00 $65,000.00 $19,000.00 $0.00 $0.00 $0.00 $84,000.00 $0.00 0900 - City Staff Time $0.00 $0.00 $0.00 $5,000.00 $4,000.00 $0.00 $0.00 $0.00 $9,000.00 $0.00 0999 - Contingency $0.00 $0.00 $0.00 $6,500.00 $2,000.00 $0.00 $0.00 $0.00 $8,500.00 $0.00 080 - Closeout $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Total Costs: $212,193.90 $0.00 $0.00 $76,500.00 $25,000.00 $0.00 $0.00 $0.00 $313,693.90 $0.00 To Date Remaining
Year 2025/2026 2026/2027 2027/2028 2028/2029 2029/2030
Fund 010 - Water Operations $0.00 $0.00 $0.00 $5,000.00 $4,000.00 $0.00 $0.00 $0.00 $9,000.00 $0.00 Fund 610 - Water CIP $212,193.90 $0.00 $0.00 $71,500.00 $21,000.00 $0.00 $0.00 $0.00 $304,693.90 $0.00 Fund 891 - Water Fund Salaries $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Total Funding: $212,193.90 $0.00 $0.00 $76,500.00 $25,000.00 $0.00 $0.00 $0.00 $313,693.90 $0.00 G/L #'s:

Notes:
(Equipment Replacement)
District(s): All
2025 - 2030 CIP Water
PROJECT #: WT0049
Water Meter Infrastructure Upgrade (AMI)
(Operations)
Funding Sources Prior Fiscal
Years
Fiscal Year 2024/2025
Total Unfunded
610-4610-6816
2025-2030 CIP.

Criteria 5: Project extends an existing City Program or function to meet the Council's vision and explicit direction.

The project will increase Water Division's M&O commencing July 2020 in the amount of $3,000 annually. 6/30/2027
Prior Fiscal
Years
Fiscal Year 2024/2025
Total Unfunded
Engineering studies required for the installation of an upgraded base station, repeaters and antenna to begin utilizing the 4G AMI functionality of the new meters that have been installed. This project will take place over two years. It is expected to include base stations, repeaters, towers, engineering studies, and software integration and training.

Tim Doyle
Future Fiscal Years
Future Fiscal Years
Costs Description
7/1/2021
Ongoing
This will produce engineering studies and operations of 4G meters that confirm the placement of base station, repeaters and antennas. It will allow functionality that the new 4G water meters have that needs to be utilizied. 145
G/L #:

Prior Years 2023/2024 2024/2025 2025/2026 2026/2027 2027/2028 Costs Description
Design Costs $0 $0 $0 $15,000 $0 $0 $15,000 $0
Construction Costs $0 $0 $0 $65,000 $0 $0 $65,000 $0
Police and Fire Radio Equipment $0 $0 $0 $85,000 $0 $0 $85,000 $0 Radio and Communication Installation $0 $0 $0 $16,000 $0 $0 $16,000 $0 Water Meter Reading Equipment Relocation $0 $0 $0 $25,000 $0 $0 $25,000 $0 Contingency $0 $0 $0 $20,000 $0 $0 $20,000 $0
Total Costs: $0 $0 $0 $226,000 $0 $0 $226,000 $0
Funding Sources
Technology Fund $0 $0 $0 $181,000 $0 $0 $181,000 $0
Existing Project WT0049 $0 $0 $0 $45,000 $0 $0 $45,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0 $0 $0
Total Funding: $0 $0 $0 $226,000 $0 $0 $226,000 $0
Total Unfunded
Fiscal Year
10/15/2025
Proposed
Criteria 2: Project addresses regulatory, safety, or environmental requirements that more likely than not threatens in whole or in part the City's ability to operate a core program or function within the next fiscal year if not replace or repaired.
6/30/2026
New equipment will be added to equipment replacement program and will increase replacement costs based on the expected lifespan of equipment.

PROJECT STATUS:

PROJECTED START DATE:

FUTURE M & O:

PROJECTED END DATE:

CRITERIA (1-8):

KEY POINTS:
(Capital)
PROJECT MANAGER:

PROJECT DESCRIPTION & PURPOSE:

Jason Bowling
The addition of communication equipment at Fire Station 25 for Police Radios, Fire Radios, and Water Meter Reading infrastructure.

MOU is currently in place with the County of Tulare. County has agreed to let the City use the large tower they have onsite.

Communications Equipment for County Fire Station 25
(Capital)
2023 - 2028 CIP IT Services
PROJECT #:

District(s):

Staff Report
Meeting: City Council
Date: October 7, 2025
Department: General Services / Public Works
Submitted by: Manuel Correa, General Services Director
Trisha Withfield, Public Works Director
Agenda Title: Electric Vehicle Purchase

RECOMMENDED ACTION
Authorized the City Manager or designee to apply for an electric vehicle grant from the San Joaquin Valley Air Pollution Control District (SJVAPCD) and sign all applicable paperwork.

SUMMARY
The San Joaquin Valley Air Pollution Control District (SJVAPCD) has received limited funds and is offering to supply specific grants for the replacement of eligible specialty vehicles with electric powered vehicles for the fiscal year 2026.

FISCAL IMPACT & FUNDING SOURCES
Funding will be from equipment replacement funds for $259,042 before the grant, after receiving the reimbursement the total will be $159,042.

ENVIRONMENTAL REVIEW
This action does not constitute a “project” pursuant to the California Environmental Quality Act (CEQA).

CONFLICT OF INTEREST
Staff is not aware of any conflicts of interest.

LEGAL REVIEW
This item does not require legal review.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as a part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes

2. Deny

3. Table

ATTACHMENTS

1. Resolution

2. New alternative fuel vehicle purchase application
Reviewed/Approved: TG
Item #: 11.7
Consent
RESOLUTION 202X-XX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TULARE

AUTHORIZING THE CITY MANAGER OR DESIGNEE TO APPLY TO THE SAN JOAQUIN

VALLEY AIR POLLUTION CONTROL DISTRICT (SJVAPCD) FOR AN ELECTRIC VEHICLE

GRANT AND SIGN ALL APPLICABLE PAPERWORK
WHEREAS, the City of Tulare (City) desires to obtain several hybrid vehicles using a Grant Program from the San Joaquin Valley Air Pollution Control District (SJVAPCD), and WHEREAS, the City will administer the Grant in accordance with the Grant provisions as required by the SJVAPCD and will accept responsibility for and will act as sponsor for the Grant.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Tulare, as follows:

Section 1. The City Manager, or designee, is hereby authorized to apply for an electric vehicle grant through the San Joaquin Valley Air Pollution Control District (SJVAPCD) and to sign all applicable paperwork.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Tulare this 7th day of October 2025, by the following vote:

Ayes:

Noes:

Absent:

Abstain:

Patrick Isherwood, President of the Council
and Ex-Officio Mayor
ATTEST:

Marc Mondell, City Clerk
By Melissa Wilcox, Chief Deputy City Clerk
The presence of an electronic signature certifies that the foregoing is a true and correct copy as approved by the Tulare City Council.

Staff Report
Meeting: City Council
Date: October 7, 2025
Department: Finance
Submitted by: Mark Roberts, Chief Financial Officer / Treasurer Agenda Title: FY 2024 Annual Comprehensive Financial Report and Single Audit

RECOMMENDED ACTION
Review and accept the Annual Comprehensive Financial Report (ACFR) and Single Audit for the Fiscal Year Ended June 30, 2024.

SUMMARY
The Fiscal Year 2024 ACFR was performed by Price Paige & Company auditors. Attached is the finalized ACFR and related reports, including the audit communication letter, government audit standards report, and related management comment letter.

FISCAL IMPACT & FUNDING SOURCES
There is no fiscal impact associated with this action.

ENVIRONMENTAL REVIEW
This action does not constitute a “project” pursuant to the California Environmental Quality Act (CEQA).

CONFLICT OF INTEREST
Staff is not aware of any conflicts of interest associated with this action.

LEGAL REVIEW
This item does not require legal review.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as a part of the agenda.

ATTACHMENTS

1. Annual Comprehensive Financial Report for the Year Ended June 30, 2024

2. Single Audit Financial Statements for the Year Ended June 30, 2024 Reviewed/Approved: TG
Item #: 12.1
General Business
CITY OF TULARE | CA

ANNUAL COMPREHENSIVE FINANCIAL REPORT
For the Year Ended June 30, 2024
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Annual Comprehensive Financial Report

TABLE OF CONTENTS
PAGE

INTRODUCTORY SECTION
Letter of Transmittal ............................................................................................................................................................. i Principal City Officials ...........................................................................................................................................................vi Departmental Organization Chart ....................................................................................................................................... vii Certificate of Achievement for Excellence in Financial Reporting ..................................................................................... viii

FINANCIAL SECTION
Independent Auditor’s Report ............................................................................................................................................ 1 Management’s Discussion and Analysis ............................................................................................................................. 5 Basic Financial Statements:

Government-Wide Financial Statements:

Statement of Net Position .......................................................................................................................................... 22 Statement of Activities ............................................................................................................................................... 23 Fund Financial Statements:

Governmental Funds:

Balance Sheet ....................................................................................................................................................... 25 Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position ................................................................................................... 26 Statement of Revenues, Expenditures, and Changes in
Fund Balances .................................................................................................................................................... 27 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-Wide Statement of Activities ............................................ 28 Proprietary Funds:

Statement of Net Position .................................................................................................................................... 29 Statement of Revenues, Expenses and Changes in Net Position ......................................................................... 30 Statement of Cash Flows ...................................................................................................................................... 31 Fiduciary Funds:

Statement of Fiduciary Net Position .................................................................................................................... 32 Statement of Changes in Fiduciary Net Position .................................................................................................. 33 Notes to the Basic Financial Statements ............................................................................................................................ 35 CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Annual Comprehensive Financial Report
TABLE OF CONTENTS (Continued)
PAGE
Required Supplementary Information:

Pension Plans:

Agent Multiple Defined Benefit Pension Plan:

Schedule of Changes in the Net Pension Liability and Related Ratios ................................................................. 83 Schedule of Contributions .................................................................................................................................... 84 Cost-Sharing Multiple-Employer Defined Benefit Pension Plan:

Schedule of the City’s Proportionate Share of the Net Pension Liability ............................................................. 85 Schedule of Contributions .................................................................................................................................... 86 Single Employer Defined Benefit Pension Plan:

Schedule of Changes in Net Pension Liability and Related Ratios ....................................................................... 87 Schedule of Contributions .................................................................................................................................... 88 Retiree Healthcare Plan (OPEB):

Schedule of Changes in the Net Other Post-Employment
Benefits (OPEB) Liability and Related Ratios ...................................................................................................... 89 Schedule of Other Postemployment Benefits Contributions ............................................................................... 90 Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual:

General Fund (GAAP Basis) ......................................................................................................................................... 91 American Rescue Plan Act Fund .................................................................................................................................. 92 Notes to the Required Supplementary Information .......................................................................................................... 93 Combining and Individual Fund Statements and Schedules:

Nonmajor Governmental Funds:

Combining Balance Sheet ............................................................................................................................................ 97 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ................................................... 98 Nonmajor Special Revenue Funds:

Combining Balance Sheet ............................................................................................................................................ 99 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ................................................. 100 Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual:

Senior Services Fund .......................................................................................................................................... 103 Encampment Resolution Grant Fund ................................................................................................................. 104 Housing Redevelopment CDBG Fund ................................................................................................................. 105 Gas Tax Fund ...................................................................................................................................................... 106 CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Annual Comprehensive Financial Report
TABLE OF CONTENTS (Continued)
PAGE
Combining and Individual Fund Statements and Schedules: (Continued) Nonmajor Special Revenue Funds: (Continued)
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual: (Continued) Traffic Safety Fund ............................................................................................................................................. 107 COPS – State Grant Fund .................................................................................................................................... 108 Local Law Enforcement Block Grant Fund ......................................................................................................... 109 Measure R Fund ................................................................................................................................................. 110 Landscape and Lighting Fund ............................................................................................................................. 111 Office of Traffic and Safety Grant Fund ............................................................................................................. 112 Auto Theft Deterrence Fund .............................................................................................................................. 113 Police Forfeiture Fund ........................................................................................................................................ 114 Vehicle Abatement Fund .................................................................................................................................... 115 Public Mitigation Grant Fund ............................................................................................................................. 116 Rental Rehabilitation Fund ................................................................................................................................. 117 HOME Program Fund ......................................................................................................................................... 118 Developer Impact Fees Fund ............................................................................................................................. 119 Nonmajor Capital Projects Fund:

Balance Sheet ............................................................................................................................................................ 121 Statement of Revenues, Expenditures and Changes in Fund Balance ...................................................................... 122 Statement of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual ..................................... 123 Nonmajor Debt Service Fund:

Balance Sheet ............................................................................................................................................................ 125 Statement of Revenues, Expenditures and Changes in Fund Balance ...................................................................... 126 Statement of Revenues Expenditures and Changes in Fund Balance – Budget and Actual ...................................... 127 Nonmajor Enterprise Funds:

Combining Statement of Net Position....................................................................................................................... 133 Combining Statement of Revenues, Expenses and Changes in Net Position ............................................................ 134 Combining Statement of Cash Flows ......................................................................................................................... 135 CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Annual Comprehensive Financial Report
TABLE OF CONTENTS (Continued)
PAGE
Combining and Individual Fund Statements and Schedules: (Continued) Schedule of Expenditures by Department – Budgetary Level of Control – Budget and Actual (GAAP Basis) – General Fund ........................................................................................................... 137 Expenditures – Budget and Actual – Measure I Sales Tax Revenues and Related Expenditures ............................................................................................................................................... 138 Long-Term Debt Recorded in Private Purpose Trust Fund ............................................................................................... 139

STATISTICAL SECTION
Net Position by Component ............................................................................................................................................. 142 Changes in Net Position ................................................................................................................................................... 143 Fund Balances of Governmental Funds ............................................................................................................................ 145 Assessed Value and Estimated Actual Value of Taxable Property ................................................................................... 146 Direct and Overlapping Property Tax Rates ..................................................................................................................... 147 Historical Sales and Use Tax Rates ................................................................................................................................... 148 Principal Property Taxpayers ............................................................................................................................................ 149 Assessed Value and Estimated Actual Value of Taxable Property ................................................................................... 150 Assessed Value of Property by Use Code, City-Wide ....................................................................................................... 151 Property Tax Levies and Collections ................................................................................................................................. 152 Schedule of Taxable Sales by Category ............................................................................................................................ 153 Principal Producers ........................................................................................................................................................... 154 Ratios of Outstanding Debt by Type ................................................................................................................................. 155 Ratios of General Bonded Debt Outstanding ................................................................................................................... 157 Direct and Overlapping Debt ............................................................................................................................................ 158 Legal Debt Margin Information ........................................................................................................................................ 159 Pledged Revenue Coverage .............................................................................................................................................. 160 Demographic and Economic Statistics ............................................................................................................................. 161 Principal Employers .......................................................................................................................................................... 162 Full-Time and Part-Time City Employees by Function ...................................................................................................... 163 Operating Indicators by Function ..................................................................................................................................... 164 Capital Asset Statistics by Function .................................................................................................................................. 165

INTRODUCTORY SECTION
i
ii
iii
iv
v
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Principal City Officials
vi

CITY COUNCIL
Terry A. Sayre Mayor, District 2
Stephen C. Harrell Vice Mayor, District 3
Jose Sigala Council Member, District 1
Patrick Isherwood Council Member, District 5
Dennis A. Mederos Council Member, District 4

BOARD OF PUBLIC UTILITIES COMMISSIONERS
Ray Fonseca President
Tony Sozinho Vice President
Rene Soto Commissioner
Blake Wilbur Commissioner
Brian Nunes Commissioner

ADMINISTRATIVE OFFICIALS AND DEPARTMENT HEADS
Marc Mondell City Manager
Shonna Oneal Human Resources Director
Jason Glick Community Services Director
Fred Ynclan Chief of Police
Josh McDonnell Assistant City Manager
Michael Miller City Engineer
Traci Myers Community & Economic Development Executive Director Michael Ott Fire Chief
Mark Roberts Finance Director/Treasurer
Trisha Whitfield Public Works Director
Jason Bowling Information Technology Director
Mario Anaya Community Development Director
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Department Organization Chart
vii
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Certificate of Achievement for Excellence in Financial Reporting viii

FINANCIAL SECTION
1 INDEPENDENT AUDITOR’S REPORT
To the Honorable Mayor and City Council
City of Tulare, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Tulare, California (the City), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2024, and the respective changes in financial position, and, where applicable, cash flows thereof 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 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 City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

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

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
2 Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions.

Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

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

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

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and the Required Supplementary Information (RSI), as noted 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 responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying combining and individual nonmajor fund financial statements and other supplementary information are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing 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 3 procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual nonmajor fund financial statements and other supplementary information are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor’s report thereon.

Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

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

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated September 26, 2025, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance.

That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering City’s internal control over financial reporting and compliance.

Clovis, California
September 26, 2025
4 Management’s Discussion and Analysis
CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
5 This discussion and analysis of the financial performance of the City of Tulare (the City) provides an overview of the City's financial activities for the fiscal year ended June 30, 2024. The Government-Wide statements present a combined picture of the City on a full accrual basis of accounting, where all debts and assets are included in the presentation. Conversely, the fund-level statements present a picture based upon the modified accrual basis of accounting, where long-term assets and debts are excluded. Thus, the Government-Wide and fund-level presentations produce different results based on the type of accounting basis used. Please read this document in conjunction with the accompanying Transmittal Letter and the Basic Financial Statements.

FINANCIAL HIGHLIGHTS
• The assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $485.58 million at the close of the most recent fiscal year, which is a $51.64 million, or 11.90%, increase in comparison with the prior year. Of this amount, $123.32 million (unrestricted net position) may be used to meet the City's ongoing obligations to its citizens and creditors. The City has $306.33 million in net investment in capital assets.

The total net position includes all major infrastructure networks. • The City's total net position increased by $51.64 million over the prior fiscal year. The majority of this increase is attributable to the increase in capital assets of $31.45 million (net of accumulated depreciation). • As of the close of the current fiscal year, the City's governmental funds reported a combined ending fund balance of $102.29 million, a decrease of $3.69 million in comparison with the prior year. Amounts available for spending include restricted, committed, assigned, and unassigned fund balances. Of this amount, $55.92 million is restricted by law or externally imposed requirements and $878,283 is committed for specific purposes. Assigned amounts of $36.34M were noted, which are those constrained by the City’s intent. • The City's total outstanding debt showed a net decrease of $8.51 million due to consistent execution of regular annual principal payments.

OVERVIEW OF THE FINANCIAL STATEMENTS
The City's Basic Financial Statements are comprised of three components: 1) Government-Wide Financial Statements, 2) Fund Financial Statements, and 3) Notes to the Basic Financial Statements. This report also contains other supplementary information in addition to the Basic Financial Statements themselves.

THE GOVERNMENT-WIDE FINANCIAL STATEMENTS
The Government-Wide Financial Statements are designed to provide readers with a broad overview of the City's finances, in a manner similar to a private-sector business. The statements present the financial picture of the City using the economic resources measurement focus and the accrual basis of accounting. They present governmental activities and business-type activities separately. Additionally, certain eliminations have occurred as prescribed by the Governmental Accounting Standards Board (GASB) statements with respect to interfund activity, payables, and receivables.

The Statement of Net Position and the Statement of Activities report information about the City as a whole and about its activities. These statements include all assets, deferred outflows of resources, liabilities, and deferred inflows of resources of the City using the accrual basis of accounting, which is similar to the accounting methodology used by most privatesector companies. All of the current year's revenues and expenses are taken into account, regardless of when cash is received or paid.

The Statement of Net Position reflects the City's net position, and the Statement of Activities reports schanges in it. Net position is the difference between assets and deferred outflows of resources, and liabilities and deferred inflows of resources, which is one way to measure the City's financial health, or financial position. Over time, increases or decreases in the City's net position are one indicator of whether its financial health is improving or deteriorating. Other factors to consider are changes in the City's property tax base and sales tax base.

CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
6 In these statements the City’s activities are separated as follows:

Governmental Activities - Most of the City's basic services are reported in this category, including the General Government, Police, Fire, Public Works, Parks, Recreation, and Library. Property and sales taxes, user fees, interest income, franchise fees, and state and federal shared revenues and grants generally finance these activities.

Business-Type Activities - The City charges a fee to customers to cover all or most of the cost of certain services it provides. The City's Water Fund, Sewer/Wastewater Fund, Solid Waste Fund, Development Services Fund, Aviation Fund, and Transit Fund are reported in this category.

The Fund Financial Statements include statements for each of the three categories of activities: governmental, businesstype, and fiduciary. The governmental activities statements are prepared using the current financial resources measurement focus and modified accrual basis of accounting. The business-type activities and fund financial statements are prepared using the economic resources measurement focus and the accrual basis of accounting. Reconciliations of the Fund Financial Statements to the Government-Wide Financial Statements are provided to explain the difference created by the integrated approach.

FUND FINANCIAL STATEMENTS
The City, like other state and local governments, uses fund accounting to account for a number of funding sources and activities. In general, fund accounting provides a mechanism to separately account for a variety of different funding sources and enables the City to demonstrate compliance with legal and/or contractual requirements that may be associated with these funds. Thus, the accompanying fund financial statements present individual funds, organized into one of three groups based on the nature of the activities and their purpose: governmental, proprietary, or fiduciary Funds. Note that the fund financial statements only present the most significant (or major) funds. In addition, the fund financial statements include a schedule that reconciles the Fund Financial Statements to the Government-Wide Financial Statements. This is designed to explain the difference created by the integrated approach.

Governmental Funds - Most of the City's basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year-end that are available for spending. These funds are reported using the modified accrual basis of accounting, which measures cash and all other financial assets that can readily be converted to cash. The Governmental Fund statements provide a detailed short-term view of the City’s general government operations and the basic services it provides. Governmental fund information helps determine whether there are more or fewer financial resources available to be spent in the near future to finance the City's programs. The differences of results in the governmental funds financial statements to those in the Government-Wide Financial Statements are explained in a reconciliation schedule following each governmental funds’ financial statement.

Proprietary Funds - When the City charges customers for the services it provides, whether to outside customers or to other units of the City, these services are generally reported in proprietary funds. Proprietary funds are reported in the Statement of Net Position and the Statement of Revenues, Expenses, and Changes in Net Position. The City’s enterprise fund activities are those reported as Business-Type Activities in the Government-Wide Financial Statements but more detail and additional information, such as cash flows, is provided in the proprietary fund statements. The City uses internal service funds (the other component of proprietary funds) to report activities that provide supplies and services for the City’s other programs and activities – such as the City’s self-insurance, fleet maintenance, and purchasing funds.

The internal service funds are reported within Governmental Activities in the Government-Wide Financial Statements.

Fiduciary Funds - The City is the trustee, or fiduciary, for certain funds held on behalf of various third parties. The City’s fiduciary activities are reported in separate statements, the Statement of Fiduciary Net Position and the Statement of Changes in Fiduciary Net Position. The City excludes these activities from the City's other financial statements because the City cannot use assets it holds as a fiduciary to finance its operations. The City is responsible for ensuring the assets reported in these funds are used for their intended purposes.

CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
7 Notes to Basic Financial Statements - The Notes to Basic Financial Statements provide information essential to a full understanding of the data provided in the Government-Wide and Fund Financial Statements.

Other Information - In addition to the Basic Financial Statements and accompanying Notes, this report also presents certain "required supplementary information" concerning the City’s progress in funding its obligation to provide pension and other postemployment benefits to its employees and budgetary comparison schedules for the General Fund and other major funds.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
Statement of Net Position
As noted earlier, net position may serve over time as a useful indicator of a government's financial health. In the case of the City, assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $485.58 million at the close of the most recent fiscal year, which is a $51.64 million, or 11.90%, increase in comparison with the prior year.

The largest portion of the City's net position (63.09%) reflects its investment in capital assets (e.g., land, buildings, machinery, infrastructure, and equipment), less any related debt used to acquire those assets that is still outstanding and cash and investments with fiscal agents which are restricted for capital assets. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate the liabilities.

Of the total $801.73 million in assets, approximately 31.52%, $252.69 million, consists of cash and investments. These funds are invested in accordance with State law and the City's investment policy and include funds legally and/or contractually restricted as to their use.

CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
8 City of Tulare
Statement of Net Position
As of June 30, 2024 and 2023
2024 2023 2024 2023 2024 2023
ASSETS
Current and other assets $ 164,782,571 168,978,213 $ 124,074,464 $ 109,263,738 $ 293,052,677 $ 274,046,309 $ Capital assets (net of depreciation) 162,331,676 194,717,895 313,962,467 310,488,834 508,680,362 472,820,510 Total assets 327,114,247 363,696,108 438,036,931 419,752,572 801,733,039 746,866,819

DEFERRED OUTFLOWS OF RESOURCES
Pensions 25,286,055 24,447,996 6,151,780 5,836,395 30,599,776 31,122,450 Other post-employment benefits (OPEB) 322,044 338,175 122,697 150,941 444,741 489,116 Deferred charges - - 834,269 880,539 834,269 880,539
Total deferred outflows of resources 24,770,040 25,624,230 7,108,746 6,867,875 31,878,786 32,492,105

LIABILITIES
Current and other liabilities 23,475,512 28,773,365 5,265,048 5,299,845 34,038,413 28,775,357 Long-term liabilities 100,129,532 103,291,357 206,360,446 210,153,311 309,651,803 310,282,843 Total liabilities 123,605,044 132,064,722 211,625,494 215,453,156 343,690,216 339,058,200

DEFERRED INFLOWS OF RESOURCES
Pensions 4,294,615 2,258,350 253,455 574,045 2,511,805 4,868,660 Other post-employment benefits (OPEB) 922,891 1,164,766 443,770 411,923 1,608,536 1,334,814 Leases 9,427 - 225,107 151,313 225,107 160,740
Total deferred inflows of resources 3,423,116 5,226,933 922,332 1,137,281 4,345,448 6,364,214

NET POSITION
Net investment in capital assets 139,655,205 174,863,208 131,470,223 122,335,466 306,333,431 261,990,671 Restricted 41,650,527 55,921,884 - - 55,921,884 41,650,527 Unrestricted 22,193,218 42,600,768 101,127,628 87,694,544 123,320,846 130,295,312 Total net position $ 223,906,500 252,978,310 $ 232,597,851 $ 210,030,010 $ 485,576,161 $ 433,936,510 $ Governmental Activities Business-Type Activities Total
Governmental Activities - Total assets for Governmental Activities increased by $36.58 million, with a current and other assets increase of $4.2 million and a capital assets increase of $32.39 million. Total liabilities increased by $8.46 million with current and other liabilities increasing by $5.30 million and long-term liabilities increasing by $3.16 million.

Of the $29.07 million increase in Governmental Activities’ total net position, unrestricted net position decreased by $20.41 million, restricted net position increased by $14.27 million, and net investment in capital assets increased by $35.21 million.

CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
9 Business-Type Activities - Total assets for Business-Type activities increased by $18.28 million with an increase in current and other assets of $14.81 million and an increase in capital assets of $3.47 million. Total liabilities decreased by $3.83 million with current and other liabilities decreasing by $34,797 and long-term liabilities decreasing by $3.79 million. Total net position for Business-Type Activities increased by $22.57 million. Business-Type Activities’ unrestricted net position increased by $13.43 million.

Change in Net Position of the City
The following table presents the government-wide changes in net position for both 2023 and 2024. The City's total revenues of $176.25 million exceeded transfers and expenses of $127.35 million for an increase in net position of $51.64 million.

Statement of Activities
As discussed earlier, the Statement of Net Position provides a measure of the financial health of an entity at a specific date in time (usually year-end). The Statement of Activities provides details of how net position changed from the beginning of the year to the end of the year and whether it increased or decreased. Thus, it indicates whether the City as a whole is better off at June 30, 2024, than it was at June 30, 2023.

CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
10 City of Tulare
Statement of Activities
For the Years Ended June 30, 2024 and 2023
Governmental Activities Business-Type Activities Total
2024 2023 2024 2023 2024 2023

REVENUES
Program revenues:

Charges for services $ 12,040,385 13,081,819 $ 68,726,473 $ 64,966,731 $ 81,808,292 $ 77,007,116 $ Operating grants and contributions 4,472,609 4,807,245 806,306 147,199 5,613,551 4,619,808 Capital grants and contributions 7,031,876 15,365,829 1,126,406 942,334 16,492,235 7,974,210 General revenues:

Taxes 56,977,275 58,364,367 - - 58,364,367 56,977,275
Rental income 154,677 162,833 - - 162,833 154,677
American Rescue Plan Act 3,176,975 3,009,724 - - 3,009,724 3,176,975 Gain on disposal of fixed assets 293,000 2,250 1,200 - 3,450 293,000 Investment earnings (losses) (563,004) 3,553,050 3,856,291 (400,461) 7,409,341 (963,465) Miscellaneous 1,478,957 2,117,641 1,269,979 648,333 3,387,620 2,127,290 Total revenues 85,062,750 100,464,758 75,786,655 66,304,136 176,251,413 151,366,886

EXPENDITURES
Governmental activities:

General government 15,851,263 8,145,106 - - 8,145,106 15,851,263 Intergovernmental 10,575 4,325 - - 4,325 10,575
Public safety 31,723,979 37,466,084 - - 37,466,084 31,723,979 Public works 3,046,291 2,769,951 - - 2,769,951 3,046,291 Community development 2,920,799 7,762,574 - - 7,762,574 2,920,799 Community services 8,483,177 9,582,490 - - 9,582,490 8,483,177 Library and cultural 1,756,273 2,040,796 - - 2,040,796 1,756,273 Interest on long-term debt 878,845 1,450,913 - - 1,450,913 878,845 Business-type activities
Aviation - - 499,940 457,662 499,940 457,662
Transit - - 823,690 573,472 823,690 573,472
Development Services - - 4,798,302 3,821,392 4,798,302 3,821,392 Water - - 12,581,427 11,405,944 12,581,427 11,405,944
Solid Waste - - 11,779,026 11,510,574 11,779,026 11,510,574 Sewer - - 27,645,793 24,933,539 27,645,793 24,933,539
Total expenses 69,222,239 64,671,202 58,128,178 52,702,583 127,350,417 117,373,785 Change in net position before
Transfers 31,242,519 20,391,548 17,658,477 13,601,553 48,900,996 33,993,101 Transfers 270,273 (5,196,278) 5,196,278 (270,273) - -
Net change in fund balance 26,046,241 20,661,821 22,854,755 13,331,280 48,900,996 33,993,101 Net position - beginning, as previously reported 203,244,679 223,906,500 210,030,010 210,030,010 433,936,510 413,274,689 Error correction (see footnote 14) - 3,025,569 (286,914) - 2,738,655 - Net position - beginning, as restated 203,244,679 226,932,069 209,743,096 210,030,010 436,675,165 413,274,689 Net position - ending 252,978,310 $ 223,906,500 $ 232,597,851 $ 223,361,290 $ 485,576,161 $ 447,267,790 $ CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
11 Governmental Activities - Governmental activities increased the City's net position by $29.07 million during the year. The main increase in the City's net position is due to an increase in the net investment in capital assets. In the table below, the difference between the program revenues and expenses bars by activity illustrates the amount each respective activity is supported by program revenues. Public Safety programs rely heavily on taxes to support their operations. -
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
Expenses
Program Revenues
CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
12 Revenues and expenses in Governmental Activities have grown as the population has grown. The sales tax, gas tax, and Measure R category is the largest revenue source for governmental activities and amounts to $24.88 million, or 26.11% of the total revenues. Utility user's tax, motor vehicle-in-lieu tax, and property taxes are also significant revenue sources for the City's governmental activities, amounting to $24.09 million or 25.28% of total revenue, and public safety is the largest expense activity, amounting to $37.47 million or 54.12% of total expenses. 14%
5%
16%
26%
2%
8%
8%
4%
8%
9%
Charges for services
Operating grants and contributions
Capital grants and contributions
Sales tax, gas tax, and Measure R
Motel/hotel and franchise tax
Motor vehicle-in-lieu
Other taxes
Miscellaneous
Property tax
Utility tax
CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
13 -
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
Aviation Transit Development
Services
Water Solid Waste Sewer
Expenses
Program Revenues
Governmental Activities revenue increased $15.40 million, a 18.11% increase compared to the previous fiscal year. This increase is primarily attributable to Capital grants and contributions.

Total expenses in Governmental Activities had an increase of $4.55 million from the previous fiscal year for an 7.04% increase. The largest increase of $5.74 million was in Public Safety.

Business-Type Activities - The City operates six enterprise funds that offer water, sewer services, solid waste collection, transit service, inspection services and engineering, and a municipal airport. Major revenue for the enterprise funds is charges for services, and the largest expenditure is sewer service.

CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
14 Business-type activities increased the City's net position by $22.85 million. The bar chart above compares total program revenues and expenses. Program revenues exceeded program expenses in Solid Waste by $791,160, in Water by $2.50 million, and in Sewer/Wastewater by $10.57 million. This increase was offset by program expenses exceeding program revenues in Aviation by $345,433, in Transit by $778,265, and in Development Services by $202,963.

The pie chart illustrates the distribution of business-type revenues by category. The City's business-type activities rely heavily on charges for services to fund their operations, making up 97% of total revenues. Grants and contributions revenue represent 3 % of total revenue.
68,726,473 , 85%
806,306 , 1%
1,126,406 , 1%
10,323,748 , 13%
Charges for services
Operating grants and contributions
Capital grants and contributions
Miscellaneous
Total revenues increased by $9.48 million or 14.30% over the prior year with the Sewer/Wastewater Fund showing the largest increase of $3.61 million.

CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
15 FINANCIAL ANALYSIS OF THE CITY’S FUNDS
As previously noted, the City uses fund accounting to demonstrate compliance with legal and contractual requirements.

This section provides an analysis and discussion of individual funds and fund types presented in the financial statements.

Governmental Funds - The focus of the City's governmental funds is to provide information on near-term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City's financing requirements.

In particular, total fund balance less the non-spendable portion is a useful measure of the City's resources available for spending at the end of the fiscal year.

As of the end of the current fiscal year, the City's governmental funds reported a combined ending fund balance of $102.29 million, a decrease of $3.48 million in comparison with the prior year. The components of total fund balance are as follows (for more information see Note 13 - Fund Balances):
• Nonspendable Fund Balance - $9.21 million comprises of amounts that are not in spendable form, such as prepaid items.
• Restricted Fund Balance - $55.92 million consists of amounts with externally imposed constraints put on their use by creditors, grantors, contributions, laws, regulations, or enabling legislation. Examples of restrictions on funds are those for 1) $6.23 million for the purpose of the fund (i.e., Measure R for street projects) and 2) $1.71 million for debt service.
• Committed Fund Balance - $878,283 have been committed by the City Council for appropriation for next year’s budget and cash basis reserve.
• Assigned Fund Balance - $9.0 million set aside by management for specific purposes. • Unassigned Fund Balance - $27,265,276 in residual funds that are not restricted, committed, or assigned to specific purposes.

General Fund - The General Fund is the chief operating fund of the City. At the end of the fiscal year, the General Fund's total fund balance decreased by 8.48%, or $5.41 million to $58.41 million. The major factor for this overall decrease is an $8.60 million increase in transfers for capital projects.

Other Major Governmental Funds
In the American Rescue Plan Act Fund there was a negative prior year fund balance of $356,285. The current year ending $0 fund balance is due to the GASB Statement No. 31 adjustment. The adjustment reflects changes in the fair value of investments held by the fund, which impacted its ending fund balance.

CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
16 Nonmajor Governmental Funds
The combined Nonmajor Governmental Funds total fund balance increased from $5.79 million to $43.87 million. This overall increase of $38.09 million is due to the change of several funds – Measure R, HOME Program, Developer Impact Fees, and Financing Authority Fund – from major to nonmajor funds.

Proprietary Funds – The City’s proprietary funds are shown in the government-wide financial statements. Major proprietary funds include Water, Sewer/Wastewater, and Solid Waste.

The Water Fund has a total net position of $84.36 million at the end of the fiscal year, an increase of $8.95 million over the prior year. The increase to net position is due to investment in capital assets.

The Solid Waste Fund has a total net position of $8.82 million at the end of the fiscal year, an increase of $1.01 million over the prior year. The net position increase is due to a decrease in current liabilities.

Nonmajor Enterprise Funds - The combined Nonmajor Enterprise Funds’ total net position increased to $9.59 million. This increase is mainly due to the reclassification of funds – from major to nonmajor funds.

CAPITAL ASSETS AND DEBT ADMINISTRATION
Capital Assets - The City’s investment in capital assets for its governmental and business-type activities as of June 30, 2024, amounts to $508.68 million (net of accumulated depreciation). This investment in capital assets includes land, right-of-way, buildings, infrastructure, structures and improvements, equipment, and construction in progress. (Please refer to Note 4 – Capital Assets.)
Infrastructure assets are included within Governmental Activities, with a total investment of $98.63 million (net of accumulated depreciation). The total increase in the City’s investment in capital assets for the current fiscal year was $31.45 million (net of accumulated depreciation). Of this amount, $27.97 million was an increase to Governmental Activities and $3.47 million was an increase to Business-Type Activities. Depreciation expense of $18.45 million is netted against additions to capital assets by this amount.

CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
17 City of Tulare
Capital Assets
As of June 30, 2024 and 2023
2024 2023 2024 2023 2024 2023
Land 24,069,960 $ 19,303,728 $ 8,280,895 $ 8,280,895 $ 32,350,855 $ 27,584,623 $ Right-of-way 1,194,641 1,306,651 - - 1,194,641 1,306,651 Construction in progress (CIP) 9,867,153 15,486,082 19,863,287 23,641,564 29,730,440 39,127,646 Infrastructure 244,263,596 227,349,961 - - 244,263,596 227,349,961 Structures and improvements 79,786,812 61,937,561 395,777,843 381,722,005 475,564,655 443,659,566 Equipment 40,083,143 40,285,833 42,558,561 39,632,788 82,641,704 79,918,621 Right-to-use SBITA asset 189,987 156,539 27,120 - 217,107 156,539 Less: accumulated depreciation/amortization (204,737,397) (199,080,826) (152,545,239) (142,788,418) (357,282,636) (341,869,244) Total $ 166,745,529 194,717,895 $ 313,962,467 $ 310,488,834 $ 508,680,362 $ 477,234,363 $ Governmental
Activities
Business-type
Activities Total
Long-Term Debt - At the end of the fiscal year, the City had a total debt outstanding of $216,140,098, which included the major liabilities shown in the table below. (Please refer to Note 6 – Long-Term Debt.) City of Tulare
Outstanding Debt
As of June 30, 2024 and 2023
2024 2023 2024 2023 2024 2023
Lease revenue bonds 21,241,542 $ 22,636,472 $ - $ - $ 21,241,542 $ 22,636,472 $ Revenue bonds payable - - 183,303,285 189,033,907 183,303,285 189,033,907 Finance leases 11,595,271 12,982,126 - - 11,595,271 12,982,126 Total $ 35,618,598 32,836,813 $ 183,303,285 $ 189,033,907 $ 216,140,098 $ 224,652,505 $ Activities Total
Governmental
Activities
Business-type
CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
18 With respect to Governmental Activities, the outstanding $21,241,542 in lease revenue bonds (which includes the bond premium and discount) were issued in 2018 for $26,675,000 to refinance the 2008 lease revenue bonds and to help fund additional projects for Cartmill Corridor and the purchase and renovation of the former County Courthouse located next to City Hall of an additional $4 million. In 2024, the City entered into a lease-purchase agreement for the installation of energy cost savings infrastructure improvements. The outstanding balance for finance leases is $11,595,271.

Of the $183,303,285 outstanding debt in Business-Type Activities, $151,365,201 relates to the Sewer/Wastewater Fund for the expansion and upgrade of the sewer and wastewater plant. These bonds have been rated "AA" by Standard & Poor’s.

GENERAL FUND BUDGETARY HIGHLIGHTS
General Fund - Original and Final Budget Comparison
The City’s final General Fund budget differs from the original budget due to carry-forward appropriations for capital projects and minor supplemental appropriations approved throughout the year at Council meetings and during mid-year budget review.

Final budgeted total revenues of $62.06 million did not change from original budget.

Budgeted total expenditures increased by $60.51 million to a final budget of $125.49 million, mainly due to capital outlay related to infrastructure improvements.

General Fund – Final Budget and Actual Budget Comparison Total revenue was $8.53 million higher than the final budgeted amount, as detailed below:

Sales Tax – was $347,077 more than budgeted due to increased consumer spending.

Property Tax – was $895,854 greater than budgeted as valuation and construction increased more than anticipated.

Utility Use Tax – was $1.75 million more than budgeted due to increases in costs.

Charges for Services – was $746,002 more due to increased activity in library and recreation programs.

Interest and Rentals – was $29,083 greater than budget due to market value being higher than the cost.

Total expenditures were $45,434,803 million less than budgeted. This difference is due to ongoing capital projects not completed during the current year.

ECONOMIC FACTORS AND NEXT YEAR'S BUDGET AND RATES
The key assumptions in the General Fund forecast for fiscal year 2024-25 were:
• Reduction in General Fund contribution to CIP funds due to the number of existing/active projects Citywide and staff capacity to start new projects
• Increase in CalPERS unfunded liability payment by 21.27%. • Increases in employees’ salaries based on previously negotiated agreements. • County increase in property taxes for inflation of property tax value.

CITY OF TULARE| JUNE 30, 2024
Management’s Discussion and Analysis
19 REQUESTS FOR INFORMATION
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors with a general overview of the City's finances and to show the City's accountability for the money it receives. Questions concerning any of the information provided in this report or requests for additional financial information can be sent via e-mail to:
[email protected]. Formal written requests should be addressed to: City of Tulare, Attn: Department of Finance, 411 East Kern Avenue, Tulare, California 93274.
20 Basic Financial Statements
21 Government-Wide Financial Statements
CITY OF TULARE | JUNE 30, 2024
Statement of Net Position
The notes to the basic financial statements are an integral part of this statement. 22 Governmental Business-Type
Activities Activities Total
ASSETS
Cash and investments $ 101,650,916 124,480,422 $ 226,131,338 $ Cash and investments with fiscal agent 12,345,657 14,208,715 26,554,372 Receivables:

Accounts 7,610,836 1,322,739 8,933,575
Interest 294,586 1,195,816 1,490,402
Taxes - 6,442,674 6,442,674
Intergovernmental 606,069 948,923 1,554,992
Notes 1,500,000 759,458 2,259,458
Leases 324,055 - 324,055
Inventories - 547,130 547,130
Internal balances (303,969) 303,969 -
Loans receivable 21,315 9,554,506 9,575,821
Land held for resale 24,999 35,000 59,999
Long-term receivables - 9,178,861 9,178,861
Nondepreciable capital assets 8,280,895 35,131,754 43,412,649 Depreciable capital assets, net 305,681,572 159,586,141 465,267,713 Total assets 438,036,931 363,696,108 801,733,039

DEFERRED OUTFLOWS OF RESOURCES
Pensions 6,151,780 24,447,996 30,599,776
Other post-employment benefits (OPEB) 122,697 322,044 444,741 Deferred charges 834,269 - 834,269
Total deferred outflows of resources 24,770,040 7,108,746 31,878,786

LIABILITIES
Current liabilities:

Accounts payable and accrued liabilities 2,627,509 10,054,758 12,682,267 Accrued interest payable 826,490 251,063 1,077,553
Deposits payable 371,512 3,347,028 3,718,540
Other payable 9,153 - 9,153
Unearned revenue 1,430,384 15,120,516 16,550,900
Long-term liabilities:

Due within one year:

Compensated absences payable 114,244 265,062 379,306
Insurance claims payable - 1,444,875 1,444,875
Revenue bonds payable 5,945,622 1,459,930 7,405,552
IT subscription liability - 11,123 11,123
Finance leases - 10,637 10,637
Due after one year:

Compensated absences payable 1,236,158 2,868,059 4,104,217 Net pension liability 21,196,482 64,513,989 85,710,471
Net other post-employment benefits (OPEB) liability 510,277 1,339,331 1,849,608 Revenue bonds payable 177,357,663 19,781,612 197,139,275 IT subscription liability - 12,105 12,105
Finance leases 11,584,634 - 11,584,634
Total liabilities 211,625,494 132,064,722 343,690,216

DEFERRED INFLOWS OF RESOURCES
Pensions 253,455 2,258,350 2,511,805
Other post-employment benefits (OPEB) 443,770 1,164,766 1,608,536 Leases 225,107 - 225,107
Total deferred inflows of resources 3,423,116 922,332 4,345,448

NET POSITION
Net investment in capital assets 131,470,223 174,863,208 306,333,431 Restricted - 55,921,884 55,921,884
Unrestricted 22,193,218 101,127,628 123,320,846
Total net position $ 232,597,851 252,978,310 $ 485,576,161 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Statement of Activities
The notes to the basic financial statements are an integral part of this statement. 23 Net (Expenses) Revenues and
Program Revenues Changes in Net Position
Operating Capital
Charges for Grants and Grants and Governmental Business-Type Expenses Services Contributions Contributions Activities Activities Total Primary government:

Governmental activities:

General government 8,145,106 $ 7,965,620 $ 431,283 $ 11,919,840 $ 12,171,637 $ - $ 12,171,637 $ Intergovernmental 4,325 - 10,231 - 5,906 - 5,906
Public safety 37,466,084 761,455 328,292 - (36,376,337) - (36,376,337) Public works 2,769,951 93,956 - - (2,675,995) - (2,675,995) Community development 7,762,574 1,507,175 3,119,281 3,445,989 309,871 - 309,871 Community services 9,582,490 2,340,647 918,158 - (6,323,685) - (6,323,685) Library and cultural 2,040,796 412,966 - - (1,627,830) - (1,627,830) Interest on long-term debt 1,450,913 - - - (1,450,913) - (1,450,913) Total governmental activities 69,222,239 13,081,819 4,807,245 15,365,829 (35,967,346) - (35,967,346) Business type-activities:

Aviation 499,940 124,507 - 30,000 - (345,433) (345,433) Transit 823,690 45,425 - - - (778,265) (778,265)
Community and development 4,798,302 4,022,166 573,173 - - (202,963) (202,963) Water 12,581,427 14,526,463 30,527 525,316 - 2,500,879 2,500,879 Solid waste 11,779,026 12,367,580 202,606 - - 791,160 791,160 Sewer 27,645,793 37,640,332 - 571,090 - 10,565,629 10,565,629 Total business-type activities 58,128,178 68,726,473 806,306 1,126,406 - 12,531,007 12,531,007 Total primary government 127,350,417 $ 81,808,292 $ 5,613,551 $ 16,492,235 $ (35,967,346) 12,531,007 (23,436,339) General revenues:

Taxes:

Sales 24,875,477 - 24,875,477Property 8,092,353 - 8,092,353Utility 8,582,573 - 8,582,573Motor vehicle-in-lieu 7,410,768 - 7,410,768Other 7,719,372 - 7,719,372Motel/hotel and franchise 1,683,824 - 1,683,824 Rental income 162,833 - 162,833
American Rescue Plan Act 3,009,724 - 3,009,724
Gain on disposal of fixed assets 2,250 1,200 3,450
Investment earnings 3,553,050 3,856,291 7,409,341
Miscellaneous 2,117,641 1,269,979 3,387,620
Transfers (5,196,278) 5,196,278 -
Total general revenues and transfers 62,013,587 10,323,748 72,337,335 Change in net position 26,046,241 22,854,755 48,900,996Net position - beginning, as previously reported 223,906,500 210,030,010 433,936,510Error correction (see footnote 15) 3,025,569 (286,914) 2,738,655 Net position - beginning, restated 226,932,069 209,743,096 436,675,165 Net position - ending 252,978,310 $ 232,597,851 $ 485,576,161 $ Functions/Programs
24 Fund Financial Statements
CITY OF TULARE | JUNE 30, 2024
Governmental Funds
Balance Sheet
The notes to the basic financial statements are an integral part of this statement. 25 American Nonmajor Total
General Rescue Plan Governmental Governmental
Fund Act Fund Funds Funds
ASSETS
Cash and investments $ 9,713,586 37,826,468 $ 44,863,117 $ 92,403,171 $ Cash and investments with fiscal agent - 12,899,144 1,254,858 14,154,002 Receivables:

Accounts - 1,052,872 8,899 1,061,771
Interest - 190,335 916,333 1,106,668
Taxes - 5,496,554 945,332 6,441,886
Intergovernmental - 726,807 222,116 948,923
Loans - - 9,554,506 9,554,506
Notes - - 759,458 759,458
Land held for resale - - 35,000 35,000
Due from other funds - 8,910,283 - 8,910,283
Long-term receivables 9,178,861 - - 9,178,861
Total assets $ 9,713,586 76,281,324 $ 58,559,619 $ 144,554,529 $

LIABILITIES
Accounts payable and accrued liabilities $ 218,884 8,776,848 $ 676,598 $ 9,672,330 $ Deposits payable - 3,347,028 - 3,347,028
Due to other funds - 3,160,966 942,046 4,103,012
Unearned revenue 2,583,322 9,494,702 2,760,092 14,838,116 Total liabilities 9,713,586 17,868,164 4,378,736 31,960,486

DEFERRED INFLOWS OF RESOURCES
Deferred loans - - 10,306,139 10,306,139
Total deferred inflows of resources - - 10,306,139 10,306,139

FUND BALANCES (DEFICITS)
Nonspendable - 9,178,861 35,000 9,213,861
Restricted - 12,899,144 43,022,740 55,921,884
Committed - - 878,283 878,283
Assigned - 9,008,600 - 9,008,600
Unassigned - 27,326,555 (61,279) 27,265,276
Total fund balances (deficits) - 58,413,160 43,874,744 102,287,904 Total liabilities, deferred inflows of resources,
and fund balances (deficits) $ 9,713,586 76,281,324 $ 58,559,619 $ 144,554,529 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position The notes to the basic financial statements are an integral part of this statement. 26 Amounts reported for governmental activities in the statement of net position are different because:

Total fund balances – total governmental funds $ 102,287,904 180,840,651
10,306,139
38,525,233
(251,063)
Deferred outflows of resources from pensions 23,782,011 Deferred inflows of resources from pensions 21,551,247 (2,230,764) Deferred outflows of resources from OPEB 309,238
Deferred inflows of resources from OPEB (809,210) (1,118,448) Compensated absences payable (3,062,106)
Net pension liability (62,264,373)
Net other post-employment benefits (OPEB) liability (1,286,071) Debt issued, net of premiums and discounts (32,860,041) (99,472,591) Net position of governmental activities $ 252,978,310
Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the governmental funds.

OPEB-related deferrals are reported as deferred outflows and inflows of resources on the statement of net position:

Long-term liabilities are not due and payable in the current year period and, therefore, are not reported in the governmental funds balance sheet. Long-term liabilities at yearend consist of:

Internal service funds are used by the management to charge the costs to individual funds. These assets, deferred outflows of resources, liabilities, and deferred inflows of resources are included in the statement of net position.

Certain loans receivable are not due in the current period and, therefore, should not be reported in the governmental funds balance sheet.

Pension-related deferrals are reported as deferred outflows and inflows of resources on the statement of net position:

Interest payable on long-term debt does not require current financial resources.

Therefore, interest payable is not reported as a liability in the governmental funds balance sheet.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Governmental Funds
Statement of Revenues, Expenditures, and Changes in Fund Balances The notes to the basic financial statements are an integral part of this statement. 27 Debt
Special Revenue Funds Service Fund
(Formerly major American (Formerly major (Formerly major (Formerly major Other Total General fund) Measure R Rescue Plan fund) HOME fund) Developer fund) Financing Governmental Governmental Fund Fund Act Fund Program Fund Impact Fees Fund Authority Fund Funds Funds

REVENUES
Taxes $ - 51,858,386 $ - $ - $ - $ - $ 5,358,335 $ 57,216,721 $ Intergovernmental - 5,462,193 3,009,725 - - - 4,282,976 12,754,894 Licenses and permits - 1,427,001 - - - - - 1,427,001
Charges for services - 7,924,941 - - - - 8,327,107 16,252,048 Donations - - - - - - 47,480 47,480
Fines and forfeitures - 29,564 - - - - 79,014 108,578
Use of money and property - 1,597,366 356,286 - - - 1,599,398 3,553,050 Interest and rentals - 162,833 - - - - - 162,833
Loan repayments - - - - - - 32,374 32,374
Assessments - - - - - - 1,301,136 1,301,136
Other 2,123,844 - - - - - 1,029 2,124,873
Total revenues 70,586,128 - 3,366,011 - - - 21,028,849 94,980,988

EXPENDITURES
Current:

General government - 7,598,537 38,973 - - - - 7,637,510 Intergovernmental - - - - - - 4,325 4,325
Public safety - 35,050,842 - - - - 268,509 35,319,351
Public works - 2,732,115 - - - - - 2,732,115
Community development - 217,524 - - - - 3,909,586 4,127,110 Community services - 7,860,151 - - - - 1,756,378 9,616,529 Library and cultural - 1,677,253 - - - - - 1,677,253
Capital outlay - 22,875,159 2,970,753 - - - - 25,845,912 Debit service:

Principal - 1,507,020 - - - - 1,285,000 2,792,020
Interest and fiscal charges - 534,834 - - - - 940,000 1,474,834 Total expenditures 80,053,435 - 3,009,726 - - - 8,163,798 91,226,959 Excess (deficiency) of revenues
over (under) expenditures - (9,467,307) 356,285 - - - 12,865,051 3,754,029

OTHER FINANCING SOURCES (USES)
Transfers in - 8,739,625 - - - - 1,662,730 10,402,355
Transfers out - (4,720,174) - - - - (13,157,749) (17,877,923) Proceeds on debt issuance - 33,448 - - - - - 33,448
Sale of capital assets - 2,250 - - - - - 2,250
Total other financing sources (uses) - 4,055,149 - - - - (11,495,019) (7,439,870) Net change in fund balance - (5,412,158) 356,285 - - - 1,370,032 (3,685,841) Fund balances (deficits) - beginning,
as previously presented 5,043,335 63,825,318 (356,285) (310) 28,900,840 2,772,533 5,788,314 105,973,745 Change within financial reporting entity (major to
nonmajor fund) (5,043,335) - - 310 (28,900,840) (2,772,533) 36,716,398 - Fund balances (deficits) - beginning, restated 63,825,318 - (356,285) - - - 42,504,712 105,973,745 Fund balances (deficits) - ending $ - 58,413,160 $ - $ - $ - $ - $ 43,874,744 $ 102,287,904 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government-Wide Statement of Activities
The notes to the basic financial statements are an integral part of this statement. 28 Amounts reported for governmental activities in the statement of activities are different because:

Net change in fund balances - total governmental funds (3,685,841) $ Capital outlay 34,100,831
Depreciation and amortization expense (6,661,128)
Gain (loss) on sale of assets (137,968)
This amount represents the incurrence of new debt. (33,448) This amount represents long-term debt repayments. 2,722,074 This amount represents amortization of bond discounts/premiums. 109,930 This amounts represents costs of compensated absences. (94,082) (16,063)
(3,617,204)
64,096
(560,405)
3,855,449
Change in net position of governmental activities 26,046,241 $ Changes to net OPEB liability and related deferred outflows and inflows of resources do not provide current financial resources or liabilities and, therefore, are not reported in the governmental funds.

The changes in net position of certain activities of the internal service funds is reported within governmental activities.

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

The issuance of long-term debt (e.g., bonds, leases) provides current financial resources to the governmental funds, while the repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds report the effect of prepaid insurance, premiums, original issue discounts, and deferred inflows of resources on bond refunding charge when debt is first issued, whereas these amounts are amortized to interest and expensed over the life of the debt in the government-wide statement of activities.

Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in the governmental funds.

Interest payable on long-term debt is reported in the government-wide statement of activities, but it does not require the use of current financial resources. Therefore, the interest expense is not reported as an expenditure in the governmental funds. The following amount represents the change in accrued interest from the prior year.

Changes to the net pension liability and related deferred outflows and inflows of resources do not provide current financial resources or liabilities and, therefore, are not reported in the governmental funds.

The distribution of housing loans and corresponding payments that were recognized in the governmental funds are not recognized in the statement of activities.

The net effect of various miscellaneous transactions involving capital assets (sales, disposals, and donations) is to increase net position.

CITY OF TULARE | JUNE 30, 2024
Proprietary Funds
Statement of Net Position
The notes to the basic financial statements are an integral part of this statement. 29 Governmental
Activities
Nonmajor Total Internal
Enterprise Enterprise Service
Water Solid Waste Sewer Funds Funds Funds
ASSETS
Current assets:

Cash and investments $ 12,496,383 21,108,586 $ 65,005,192 $ 3,040,755 $ 101,650,916 $ 32,077,251 $ Cash and investments with fiscal agent - 6,976,892 5,368,765 - 12,345,657 54,713 Receivables:

Accounts 1,576,900 1,716,858 4,307,823 9,255 7,610,836 260,968 Interest 37,060 50,888 198,482 8,156 294,586 89,148
Taxes - - - - - 788
Intergovernmental - - - 606,069 606,069 -
Loans - 21,315 - - 21,315 -
Notes - - - 1,500,000 1,500,000 -
Leases - 15,235 - 308,820 324,055 -
Inventories - - - - - 547,130
Advances to other funds 516,667 - - - 516,667 -
Prepaid items - - 24,999 - 24,999 -
Total current assets 14,627,010 29,889,774 74,905,261 5,473,055 124,895,100 33,029,998 Noncurrent assets:

Nondepreciable capital assets - 2,559,092 5,249,327 472,476 8,280,895 75,000 Depreciable capital assets, net 33,958 89,463,374 206,870,838 9,313,402 305,681,572 13,802,244 Total noncurrent assets 33,958 92,022,466 212,120,165 9,785,878 313,962,467 13,877,244 Total assets 14,660,968 121,912,240 287,025,426 15,258,933 438,857,567 46,907,242

DEFERRED OUTFLOWS OF RESOURCES
Pensions 1,872,277 1,101,406 1,759,828 1,418,269 6,151,780 666,007 Other post-employment benefits (OPEB) 34,753 22,182 37,143 28,619 122,697 12,806 Deferred charges - 100,050 734,219 - 834,269 -
Total deferred outflows of resources 1,907,030 1,223,638 2,531,190 1,446,888 7,108,746 678,813

LIABILITIES
Current liabilities:

Accounts payable and accrued liabilities 468,925 1,007,644 924,952 225,988 2,627,509 382,428 Accrued interest payable - 101,925 724,565 - 826,490 -
Deposits payable - 183,909 187,603 - 371,512 -
Due to other funds - - - 492,070 492,070 4,315,201
Other payable - 9,153 - - 9,153 -
Unearned revenue - PTMISEA - - - 642,225 642,225 -
Unearned revenue - Other 3,666 719,473 - 65,020 788,159 282,400 Compensated absences payable 40,013 20,516 24,739 28,976 114,244 6,008 Revenue bonds payable - 793,660 5,151,962 - 5,945,622 - Total current liabilities 512,604 2,836,280 7,013,821 1,454,279 11,816,984 4,986,037 Noncurrent liabilities:

Compensated absences payable 432,958 221,990 267,679 313,531 1,236,158 65,007 Insurance claims payable - - - - - 1,444,875
Advances from other funds - 516,667 - - 516,667 -
Net pension liability 6,458,682 3,827,003 6,051,057 4,859,740 21,196,482 2,249,616 Net other post-employment benefits (OPEB) liability 144,532 92,253 154,473 119,019 510,277 53,260 Revenue bonds payable - 31,144,424 146,213,239 - 177,357,663 - Total noncurrent liabilities 7,036,172 35,802,337 152,686,448 5,292,290 200,817,247 3,812,758 Total liabilities 7,548,776 38,638,617 159,700,269 6,746,569 212,634,231 8,798,795

DEFERRED INFLOWS OF RESOURCES
Pensions 74,012 49,224 79,580 50,661 253,477 27,586
Other post-employment benefits (OPEB) 125,694 80,229 134,340 103,507 443,770 46,318 Leases 6,255 - - 218,852 225,107 -
Total deferred inflows of resources 199,706 135,708 213,920 373,020 922,354 73,904

NET POSITION (DEFICIT)
Net investment in capital assets 33,958 60,084,382 60,754,964 9,785,878 130,659,182 13,877,244 Unrestricted 8,785,558 24,277,171 68,887,463 (199,646) 101,750,546 24,836,112 Total net position $ 8,819,516 84,361,553 $ 129,642,427 $ 9,586,232 $ 232,409,728 38,713,356 $ Adjustment to report the cumulative internal balance
service funds and the enterprise funds over time 188,123 Net position of business-type activities 232,597,851 $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Proprietary Funds
Statement of Revenues, Expenses and Changes in Net Position The notes to the basic financial statements are an integral part of this statement. 30 Governmental
Business-Type Activities - Enterprise Funds Activities
(Formerly major fund)
Nonmajor Total Internal
(Formerly major Development (Formerly major Enterprise Enterprise Service fund) Transit Services Water Solid Waste Sewer Aviation Funds Funds Funds Operating revenues:

Charges for services $ - - $ 14,526,463 $ 12,367,580 $ 37,640,332 $ - $ 4,191,998 $ 68,726,373 $ - $ Departmental charges - - - - - - - - 15,954,923
Employee Contributions - - - - - - - - 1,444,992
Other revenues - - 121,638 22,297 928,506 - 197,638 1,270,079 - Total operating revenues - - 14,648,101 12,389,877 38,568,838 - 4,389,636 69,996,452 17,399,915 Operating expenses:

General administration - - 541,124 - 691,280 - - 1,232,404 384,896 Personnel services - - 2,567,824 4,608,097 4,019,248 - 2,897,940 14,093,109 1,088,313 Contractual services - - - - - - - - 247,575
Maintenance and supplies - - 5,980,432 7,380,847 10,781,683 - 2,303,614 26,446,576 - Equipment usage and operation - - - - - - - - 2,664,675 Insurance - - - - - - - - 10,790,979
Depreciation and amortization - - 2,344,045 16,579 6,488,608 - 918,236 9,767,468 1,960,898 Total operating expenses - - 11,433,425 12,005,523 21,980,819 - 6,119,790 51,539,557 17,137,336 Operating income (loss) - - 3,214,676 384,354 16,588,019 - (1,730,154) 18,456,895 262,579 Nonoperating revenues (expenses):

Use of money and property - - 978,041 424,830 2,331,302 - 122,118 3,856,291 1,016,418 Intergovernmental - - 30,527 202,606 - - 603,173 836,306 - Other income - miscellaneous - - - - - - - - 17,291
Interest and fiscal charges - - (1,120,140) - (5,373,729) - - (6,493,869) - Gain (loss) on sale of assets - - - - 1,200 - - 1,200 185,119 Total nonoperating revenues (expenses) - - (111,572) 627,436 (3,041,227) - 725,291 (1,800,072) 1,218,828 Income (loss) before transfers and capital contributions - - 3,103,104 1,011,790 13,546,792 - (1,004,863) 16,656,823 1,481,407 Transfers in - - 6,027,888 - - - 350,000 6,377,888 3,529,290 Transfers out - - (711,150) (6,150) (462,290) - (2,020) (1,181,610) (1,250,000) Capital Contributions - - 525,316 - 571,090 - - 1,096,406 - Change in net position (deficit) - - 8,945,158 1,005,640 13,655,592 - (656,883) 22,949,507 3,760,697 Net position (deficits) - beginning,
as previously presented (2,331,731) 9,354,531 75,510,285 7,886,033 116,107,702 3,220,315 - 209,747,135 34,952,659 Error correction (see footnote 15) - - (93,890) (72,157) (120,867) - - (286,914) - Change within financial reporting entity (major to
nonmajor fund) 2,331,731 (9,354,531) - - - (3,220,315) 10,243,115 - - Net position (deficit) - beginning, restated - - 75,416,395 7,813,876 115,986,835 - 10,243,115 209,460,221 34,952,659 Net position (deficit) - ending $ - - $ 84,361,553 $ 8,819,516 $ 129,642,427 $ - $ 9,586,232 $ 232,409,728 $ 38,713,356 $ Adjustment for the net effect of the current year activity between the internal service funds and the enterprise funds (94,752) $ Changes in net position of business-type activities 22,854,755 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Proprietary Funds
Statement of Cash Flows
The notes to the basic financial statements are an integral part of this statement. 31 Governmental
Activities
Other Total Internal
Enterprise Enterprise Service
Water Solid Waste Sewer Funds Funds Funds

CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers $ 12,429,161 15,573,111 $ 37,164,697 $ 4,465,730 $ 69,632,699 $ - $ Cash received from interfund services provided - - - - - 17,318,107 Cash payments to employees (4,135,341) (2,453,107) (3,981,682) (2,447,998) (13,018,128) (1,074,381) Cash payments to suppliers (7,289,754) (6,423,475) (11,439,356) (2,362,652) (27,515,237) (831,212) Cash payments for reported claims - - - - - (13,455,654) Net cash provided by (used for) operating activities 1,004,066 6,696,529 21,743,659 (344,920) 29,099,334 1,956,860

CASH FLOWS FROM NONCAPITAL AND RELATED FINANCING ACTIVITIES Cash received from operating grants 202,606 30,527 9,623 - 242,756 5,322 Cash payments to (from) other funds (short-term borrowings) 103,333 (103,333) - 322,733 322,733 1,737,971 Cash payments to (from) other organizations (loans receivable) - - - - - - Cash received from transfers from other funds - 6,027,888 - 350,000 6,377,888 3,529,290 Cash payments for transfers to other funds (6,150) (711,150) (462,290) (2,020) (1,181,610) (1,250,000) Cash received from other revenue - - - - - 17,291
Net cash provided by (used for) noncapital and related financing activities 299,789 5,243,932 (452,667) 670,713 5,761,767 4,039,874

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Cash received from capital grants - - - 12,774 12,774 - Cash payments for the acquisition of capital assets (27,119) (6,051,941) (5,868,605) (197,030) (12,144,695) (2,649,166) Cash received from the sale of capital assets - - 1,200 - 1,200 202,756 Cash payments for principal paid on capital debt - (768,660) (4,961,962) - (5,730,622) - Cash payments for interest on capital debt - (1,118,343) (5,353,752) - (6,472,095) - Net cash provided by (used for) capital and related financing activities (27,119) (7,938,944) (16,183,119) (184,256) (24,333,438) (2,446,410)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments 401,481 952,616 2,212,632 117,646 3,684,375 962,764 Rental property - 5,685 - (63,274) (57,589) -
Net cash provided by (used for) investing activities 401,481 958,301 2,212,632 54,372 3,626,786 962,764 Net increase (decrease) in cash and cash equivalents 1,678,217 4,959,818 7,320,505 195,909 14,154,449 4,513,088 Cash and cash equivalents - beginning 23,125,660 10,818,166 63,053,452 2,844,846 99,842,124 27,618,876 Cash and cash equivalents - ending $ 12,496,383 28,085,478 $ 70,373,957 $ 3,040,755 $ 113,996,573 $ 32,131,964 $ Reconciliation of operating income (loss) to net cash provided by (used for) operating activities:

Operating income (loss) 3,214,676 $ 384,354 $ 16,588,019 $ (1,730,154) $ 18,456,895 $ 262,579 $ Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation and amortization 2,344,045 16,579 6,488,608 918,236 9,767,468 1,960,898 Changes in assets and liabilities:
(Increase) decrease in consumer receivables 208,218 35,618 (481,959) (381) (238,504) (81,808) (Increase) decrease in prepaids 4,426 11,077 (14,942) (72) 489 3,922 (Increase) decrease in pension related deferred outflows (41,305) (150,424) 26,903 (147,803) (312,629) 294,905 of resources -
Increase (decrease) accounts payable 98,081 91,093 (863,576) (59,038) (733,440) (470,435) Increase (decrease) unearned revenue 719,473 3,666 - - 723,139 30,325 Increase (decrease) in compensated absences (48,755) (457) 48,462 (49,363) (50,113) 19,983 Increase (decrease) in net pension liability 707,107 247,733 43,055 703,061 1,700,956 (23,750) Increase (decrease) in pension related deferred inflows of resources (50,063) (94,547) (90,911) 20,594 (214,927) (39,759) Net cash provided by (used for) operating activities $ 6,696,529 1,004,066 $ 21,743,659 $ (344,920) $ 29,099,334 $ 1,956,860 $ Reconciliation of cash and cash equivalents per statement of cash flows to the statement of net position:

Cash and investments 21,108,586 $ 12,496,383 $ 65,005,192 $ 3,040,755 $ 101,650,916 $ 32,077,251 $ Cash and investments with fiscal agents 6,976,892 - 5,368,765 - 12,345,657 54,713 Cash and cash equivalents per statement of cash flows $ 12,496,383 28,085,478 $ 70,373,957 $ 3,040,755 $ 113,996,573 $ 32,131,964 $ CITY OF TULARE | JUNE 30, 2024
Fiduciary Funds
Statement of Fiduciary Net Position
The notes to the basic financial statements are an integral part of this statement. 32 Private Purpose Custodial
Trust Fund Funds
ASSETS
Cash and investments $ 644,084 3,349,628 $
Interest receivable - 907,337
Note receivable - 9,545,155
Land held for sale - 91,321
Total assets 13,893,441 644,084

DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows from deferred loans - 207,343
Total deferred outflows of resources - 207,343

LIABILITIES
Accounts payable and accrued liabilities 11,349 6,017
Interest payable - 259,071
Unearned revenue - 891,865
Deposits payable - 20,250
Bonds and advances 29,242,952 -
Total liabilities 30,420,155 11,349

DEFERRED INFLOWS OF RESOURCES
Deferred inflows from deferred loans - 444,554
Total deferred outflows of resources - 444,554

NET POSITION
$ 632,735 (16,763,925) $
Restricted for individuals, organizations, and other
governments
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Fiduciary Funds
Statement of Changes in Fiduciary Net Position
The notes to the basic financial statements are an integral part of this statement. 33 Private Purpose Custodial
Trust Fund Funds

ADDITIONS
Contributions and fundraising $ - 164,489 $
Use of money and property - 125,585
Contributions from the City of Tulare - 158,372
Collections on behalf of other governments & organizations:

Property taxes 2,250,015 -
Permits and other - 131,044
Total collections on behalf of other governments & organizations: 2,250,015 131,044 Total additions 2,698,461 131,044

DEDUCTIONS
Payments to other governments & organizations 44,205 933,582 Debt service (5,679) -
Total deductions 44,205 927,903
Change in fiduciary net position (deficit) 86,839 1,770,558 Fiduciary net position (deficit) - beginning 545,896 (18,534,483) Fiduciary net position (deficit) - ending $ 632,735 (16,763,925) $ 34 Notes to the Basic Financial Statements
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
35 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accompanying financial statements of the City of Tulare (the City) have been prepared in conformity with accounting principles generally accepted in the United States of America as prescribed by the Governmental Accounting Standards Board (GASB).

The accompanying financial statements present the financial position of the City and the various funds and fund types, the results of operations of the City and the various funds and fund types, and the cash flows of the proprietary funds.

The financial statements are presented as of June 30, 2024, and for the year then ended.

A. Description of the Reporting Entity
The City was incorporated on April 5, 1888, as a municipal corporation under the General Laws of the State of California.

The City operates as a self-governing local government unit within the State of California. A five-member City Council appoints a City Administrator who administers the daily affairs under the policy guidance of the City Council. The City has limited authority to levy taxes and has the authority to determine user fees for the services that it provides. Voters elect a City Council that passes laws and determines broad policies. The City Council also oversees the operations of the City and approves all budgets, fund transfers, and fund balance reserves. Services provided by the City include public safety, streets and roads, water, sanitation, public improvements, culture and recreation, parks, building inspections, planning and zoning, redevelopment, and general administration.

Blended Component Unit
The Tulare Public Financing Authority (the Authority) is a joint exercise of powers authority duly organized and existing under a Joint Exercise of Powers Agreement dated as of August 15, 1997, by and between the City and the former Tulare Redevelopment Agency. The Authority was formed to assist the City in the financing and refinancing of public capital improvements. The Authority is governed by a five-member board whose members are the same as the City Council. The Authority's financial data and transactions are included in the City's Financing Authority Fund.

B. Basis of Presentation
Government-Wide Financial Statements
The Government-Wide Financial Statements (the Statement of Net Position and the Statement of Activities) report information of all of the nonfiduciary activities of the primary government and its blended component unit. Eliminations have been made to minimize the double counting on internal activities. lnterfund services provided and used are not eliminated in the process of consolidation. These statements distinguish between the governmental and business-type activities of the City. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees charged to external parties.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
36 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Basis of Presentation (Continued)
Government-Wide Financial Statements (Continued)
The Statement of Activities presents a comparison between direct expenses and program revenues for each segment of the business-type activities of the City and for each function of the City's governmental activities. Direct expenses are those that are specifically associated with a program or function and, therefore, are clearly identifiable to a particular function. Certain indirect costs are included as part of the program expense reported for individual functions and activities. Program revenues include 1) charges paid by the recipients of goods or services offered by the programs, 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular program, and 3) interfund services provided and used. lnterfund services provided and used are not eliminated in the process of consolidation. Revenues that are not classified as program revenues, including all taxes, are presented instead as general revenues.

Net position is restricted when constraints placed on it are either externally imposed or are imposed by constitutional provisions or enabling legislation. Internally imposed designations of resources are not presented as restricted net position. When both restricted and unrestricted resources are available for use, generally it is the City's policy to use restricted resources first, then unrestricted resources as they are needed.

The funds described below were determined to be major funds by the City in fiscal year 2024. Individual nonmajor funds may be found in the Combining Financial Statements and Schedules.

The City reports the following major governmental funds:

General Fund – The General Fund is the principal operating fund of the City. It is used to account for all financial resources except those required to be accounted for in other funds.

American Rescue Plan Act Fund (ARPA) – The American Rescue Plan Act (ARPA) Fund accounts for receipts and expenditures of money appropriated be the ARPA, a federal relief package established in response to the COVID-19 pandemic, which was enacted in 2021. The fund tracks both the inflow and allocation of resources provided by the stimulus program.

Proprietary funds account for the City operations financed and operated in a manner similar to a private business enterprise. The intent of the City is that the cost of providing goods and services be financed primarily through user charges.

The City reports the following major enterprise funds:

Water Fund – The Water Fund is used to account for the financial activities of the water utility of the City.

Solid Waste Fund – The Solid Waste Fund is used to account for the financial activities of the collection of solid waste and disposal utility of the City.

Sewer Fund – The Sewer Fund is used to account for financial activities of the sewage collection and wastewater treatment utility of the City.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
37 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) B. Basis of Presentation (Continued)
Government-Wide Financial Statements (Continued)
The City also reports the following fund types:

Internal Service Funds - Accounts for financial transactions related to the City’s fleet management, insurance, surface water management, and purchase services. These services are provided to other departments or agencies of the City on a cost-reimbursement basis.

Fiduciary Funds – A Private Purpose Trust Fund is used to record the assets, liabilities, and the activities of the Successor Agency. Custodial funds are used to account for assets held by the City as a custodian for resources collected for the benefit of other individuals and organizations. The financial activities of these funds are excluded from the entity-wide financial statements but are presented in separate Fiduciary Fund financial statements.

C. Basis of Accounting
The government-wide financial statements, proprietary fund financial statements, and the fiduciary fund financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take place. Nonexchange transactions, in which the City gives (or receives) value without directly receiving (or giving) equal value in exchange, include property and sales taxes, grants, entitlements, and donations. On an accrual basis of accounting, revenue from property taxes is recognized in the fiscal year for which the taxes are levied. Revenues from sales tax are recognized when the underlying transactions take place. Revenues from grants, entitlements, and donations are recognized in the fiscal year in which all eligible requirements have been satisfied. Unbilled water utility receivables are not recorded at year-end. However, the amount of unbilled receivables is not material to the financial statements.

Governmental funds are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available. Property and sales taxes, interest, certain state and federal grants and charges for services are accrued when their receipt occurs within sixty days after the end of the accounting period so as to be both measurable and available. Expenditures are generally recorded when a liability is incurred, as under the accrual basis of accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due.

General capital assets acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term debt and capital leases are reported as other financing sources.

Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. Revenues and expenses not meeting this definition are reported as nonoperating.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
38 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Assets, Liabilities, Net Position or Fund Balance, and Other Financial Statement Items Cash and Cash Equivalents
For purposes of the Statement of Cash Flows, the City considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. In addition, cash invested in the City's cash management pool is considered to be cash equivalents.

Cash and Investments
The City maintains a cash and investment pool that is available for all funds. Each fund-type balance in the pool is reflected on the combined balance sheet as cash and investments. The City apportions interest earnings to all funds based on their quarterly cash balances.

The City pools cash and investments with the City Treasurer except for investments managed by fiscal agents under bonded debt agreements. Interest from bank accounts and investments are allocated quarterly to the various funds based on the fund’s contribution to the pool. The City has stated investments at fair value in the statement of net position and balance sheet. The fair value of investments is based on published market prices and quotations from major investment brokers.

Cash and investments with fiscal agent represent funds held by various trustees from proceeds of the issuance of bonds in order to establish required reserve funds and to pay bond issuance costs per the respective trust agreements.

Credit Risk – The City’s investment policy limits certain types of investments to various ratings.

Custodial Credit Risk—Deposits – Custodial credit risk is the risk that in the event of a bank failure, the City’s deposits may not be returned to it. The City has a deposit policy for custodial risk that requires collateralization on certificates of deposit and repurchase (and reverse) agreements. In addition, the City maintains custodial agreements with certain independent third parties.

Concentration of Credit Risk – The City places no additional limit on the amount the City may invest in any one issuer beyond that established by the California Government Code.

Interest Rate Risk – Reserve funds may be invested in securities exceeding 10 years if the maturity of such investments are made to coincide as closely as practicable with the expected use of the funds.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
39 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Assets, Liabilities, Net Position or Fund Balance, and Other Financial Statement Items (Continued) Interfund Transactions
Interfund transactions are reflected as either loans, services provided or used, reimbursements, or transfers. Loans are reported as receivables and payables as appropriate, are subject to elimination upon consolidation, and are referred to as either "due to/from other funds" (i.e., the current portion of interfund loans) or "advances to/from other funds" (i.e., the noncurrent portion of interfund loans). Any residual balances outstanding between the governmental activities and the business-type activities are reported in the government-wide financial statements as "internal balances." Advances between funds, as reported in the fund financial statements, are offset by a fund balance reserve account in applicable governmental funds to indicate that they are not available for appropriation and are not available financial resources.

Services provided and used, deemed to be at market or near market rates, are treated as revenues and expenditures/expenses. Reimbursements are when one fund incurs a cost, charges the appropriate benefiting fund, and reduces its related cost as a reimbursement. All other interfund transactions are treated as transfers. Transfers between governmental or proprietary funds are netted as part of the reconciliation to the government-wide presentation.

Interfund transfers are generally recorded as transfers except for the following types of transactions:
 Charges for services are recorded as revenues of the performing fund and expenditures of the requesting fund.

Unbilled costs are recognized as unbilled receivables at the end of the fiscal year.  Reimbursements for costs of services performed are recorded as a reduction of expenditure in the performing fund and an expenditure of the requesting fund.

Receivables
In the government-wide financial statements, receivables consist of all revenues earned at year-end and not yet received.

Allowances for uncollectible accounts receivable are based upon historical trends and the periodic aging of accounts receivable. Major receivable balances for the governmental activities include intergovernmental and taxes receivable.

Business-type activities report trade and intergovernmental as their major receivables.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
40 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Assets, Liabilities, Net Position or Fund Balance, and Other Financial Statement Items (Continued) Loans & Notes Receivable
The City engages in programs designed to encourage construction or improvement of housing for persons with low to moderate income and to encourage business development. Under these programs, grants or loans are provided under favorable terms to homeowners or developers who agree to spend these funds in accordance with the City’s terms. For financial statement purposes, the City has established an estimated allowance for potentially uncollectible loans. The balance of notes receivable includes loans that may be forgiven if certain terms and conditions of the loans are met.

Inventory
Inventories of materials and supplies in the proprietary and internal service funds are valued at cost, carried on a first-in, first-out (FIFO) basis. The City follows the consumption method of accounting for inventories.

Land Held for Resale
Land held for resale is recorded at the lower of cost or estimated realizable value. Fund balances are reserved in amounts equal to the carrying value of the land held for resale because such assets are not available to finance the City's current operations.

Capital Assets
The accounting treatment over property, plant, and equipment (capital assets) depends on whether the assets are used in governmental fund operations or proprietary fund operations and whether they are reported in the government-wide or fund financial statements.

Government-Wide Financial Statements
In the government-wide financial statements, land, buildings, improvements, equipment, and construction in progress are accounted for as capital assets. All capital assets are valued at historical cost, or estimated historical cost if actual is unavailable, except for donated capital assets which are recorded at their acquisition value at the date of donation.

The City's capitalization threshold, including intangible assets, is $5,000. In other words, capital assets are capitalized only if they have a cost in excess of $5,000 and have an expected useful life of three years or more. Capital assets that have a cost below $5,000 are expensed during the fiscal year they are acquired.

Depreciation and amortization of all exhaustible capital assets are recorded as an allocated expense in the Statement of Activities, with accumulated depreciation and amortization reflected in the Statement of Net Position. Depreciation and amortization are provided over the assets' estimated useful lives using the straight-line method of depreciation and amortization. The range of estimated useful lives by type of asset is as follows:

Infrastructure 20-50 years
Buildings 20-50 years
Improvements other than buildings 20-50 years
Machinery and equipment 5-20 years
Intangible assets 2-10 years
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
41 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Assets, Liabilities, Net Position or Fund Balance, and Other Financial Statement Items (Continued) Capital Assets (Continued)
Government-Wide Financial Statements (Continued)
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets’ lives are not capitalized. Betterments and major improvements which significantly increase values, change capacities, or extend useful lives are capitalized. Upon sale or retirement of capital assets, the cost and related accumulated depreciation and amortization are removed from the respective accounts and any resulting gain or loss is included in the results of operations.

Major outlays for capital assets and improvements are capitalized as projects are constructed.

Fund Financial Statements
In the fund financial statements, capital assets used in governmental fund operations are accounted for as capital outlay expenditures of the governmental fund upon acquisition. Capital assets used in proprietary fund operations are accounted for in the same manner as in the government-wide financial statements.

Software Subscription Arrangements
The City has subscriptions for various information technology applications. The City recognizes subscription-based information technology arrangement (SBITA) liabilities and intangible right-to-use software arrangement assets in the government-wide financial statements as required by Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription-Based Information Technology Arrangements (SBITAs). At the commencement of a subscription arrangement, the City initially measures the SBITA liability at the present value of payments expected to be made during the SBITA term. Subsequently, the SBITA liability is reduced by the principal portion of the payments made. The Intangible Right-to-Use Software Arrangement asset is initially measured as the initial amount of the SBITA liability, adjusted for payments made at or before the commencement of the subscription term. Subsequently, the intangible right-to-use software arrangement asset is amortized on a straight-line basis over its useful life.

Key estimates and judgments related to SBITAs include how the City determines (1) the rate it uses to discount the expected SBITA payments to present value, (2) the SBITA term, and (3) the SBITA payments.  The City uses the interest rate charged by the SBITA vendors as the discount rate. When the interest rate charged by the SBITA vendors is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for SBITAs.
 The subscription term includes the non-cancellable period of the arrangement. SBITA payments included in the measurement of the SBITA liability are composed of fixed payments made during the subscription term.

The city monitors changes in circumstances that would require a remeasurement of its SBITA liability and related asset and will remeasure the SBITA asset and liability if certain changes occur that are expected to significantly affect the amount of the SBITA liability. SBITA assets are reported with other capital assets and SBITA liabilities are reported with long-term debt on the Statement of Net Position. Payments made on the SBITA liability are reported as debt service expenditures within the Statement of Revenues, Expenditures and Changes in Fund Balances.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
42 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Assets, Liabilities, Net Position or Fund Balance, and Other Financial Statement Items (Continued) Leases
Lessee: The City is a lessee for a noncancellable lease of a building. The lessee recognizes a lease liability and an intangible right-to-use lease asset (lease asset) in the government-wide financial statements. The City recognizes lease liabilities with an initial, individual value of $5,000 or more. At the commencement of a lease, the City initially measures the lease liability at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made. The lease asset is initially measured as the initial amount of the lease liability, adjusted for lease payments made at or before the lease commencement date, plus certain initial direct costs. Subsequently, the lease asset is amortized on a straight-line basis over its useful life.

Key estimates and judgments related to leases include how the City determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments.  The City uses the interest rate charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for leases, which it has determined is the prime rate at the inception of the lease.  The lease term includes the noncancellable period of the lease. Lease payments included in the measurement of the lease liability are composed of fixed payments.

The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability. Lease assets are reported with other capital assets and lease liabilities are reported with long-term debt on the Statement of Net Position.

Lessor: The City recognizes a lease receivable and a deferred inflow of resources in the government-wide and governmental and enterprise fund financial statements.

At the commencement of a lease, the City initially measures the lease receivable at the present value of payments expected to be received during the lease term. Subsequently, the lease receivable is reduced by the principal portion of lease payments received. The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferred inflow of resources is recognized as revenue over the life of the lease term.

Key estimates and judgments include how the City determines (1) the discount rate it uses to discount the expected lease receipts to present value, (2) lease term, and (3) lease receipts.  The City uses the interest rate charged to the lessees as the discount rate. When the interest rate charged to the lessees is not provided, the City generally uses the implied rate of return as the discount rate for leases. When the implied rate of return has not been determined, the City uses its estimated incremental borrowing rate which it has determined is the prime rate at the inception of the lease.  The lease term includes the non-cancellable period of the lease. Lease receipts included in the measurement of the lease receivable are composed of fixed payments from the lessee.

The City monitors changes in circumstances that would require a remeasurement of its lease, and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
43 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Assets, Liabilities, Net Position or Fund Balance, and Other Financial Statement Items (Continued) Compensated Absences
It is the City's policy to permit employees to accumulate earned but unused vacation, sick pay benefits, and compensatory time. All vacation, sick, and compensatory pay is accrued when incurred in the government-wide, proprietary, and fiduciary fund financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements. For additional information regarding compensated absences, see Note 6.

Long-Term Obligations
In the government-wide financial statements and proprietary fund type in the fund financial statements, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund-type Statement of Net Position. Debt principal payments of both governmental and business-type activities are reported as decreases in the balance of the liability on the Statement of Net Position. Bond premiums, discounts, and deferred gains and losses at refunding are deferred and amortized over the life of the bonds using the effective interest method. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are expensed in the year incurred.

In the fund financial statements, however, debt principal payments of governmental funds are recognized as expenditures when paid. Governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses.

Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Net Position/Fund Balances
The government-wide and proprietary fund financial statements utilize a net position presentation. Net position is categorized as net investment in capital assets, restricted, and unrestricted.

Net Investment in Capital Assets – This category groups all capital assets, including infrastructure, into one component of net position. Accumulated depreciation and amortization and the outstanding balances of debt that are attributable to the acquisition, construction, or improvement of these assets reduce the balance in this category.

Restricted – This category presents amounts with external restrictions on its use imposed by creditors, grantors, contributors, or laws or regulations of other governments and restrictions imposed by law through constitutional provisions or enabling legislation.

Unrestricted – This category represents net position of the City, not restricted for any project or other purpose.

When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources as they are needed.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
44 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Assets, Liabilities, Net Position or Fund Balance, and Other Financial Statement Items (Continued) Net Position/Fund Balances (Continued)
The City’s fund balances are classified in accordance with Governmental Accounting Standards Board Statement No. 54 (GASB 54), Fund Balance Reporting and Governmental Fund Type Definitions, which requires the City to classify its fund balances based on spending constraints imposed on the use of resources. For programs with multiple funding sources, the City prioritizes and expends funds in the following order: Restricted, Committed, Assigned and Unassigned. Each category in the following hierarchy is ranked according to the degree of spending constraint:

Nonspendable – includes net resources that cannot be spent because of their form or because of legal or contractual limitations; resources must remain intact.

Restricted – includes net resources that have externally enforceable limitations on their use. These limitations can be established by creditors, grantors, or by laws and regulations.

Committed – includes amounts with self-imposed limitations and are set in place prior to the end of the fiscal year.

Commitments are set forth by the formal action of the City's highest level of decision-making authority, the City Council, and the limitations require that same level of authority to be removed.

Assigned – includes amounts for which the intended use results in limitations but do not meet the requirements for either the "Restricted" or "Committed" classifications. Intended use can be established by the City Council, a governing committee or board, or by a City official designated as having that authority. The City's Finance Director has been designated to make assignments, through the budget, which is approved by the City Council.

Unassigned – is the residual balance of the General Fund not included in the other classifications. In other funds, the unassigned classification is used only if expenditures incurred for specific purposes exceed the amounts restricted, committed, or assigned to those purposes.

The City Council establishes, modifies or rescinds fund balance commitments and assignments by passage of a resolution.

When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources first, followed by the committed, assigned and unassigned resources as they are needed.

Property Taxes
In 1978, a state constitutional amendment (Proposition 13) provided that the tax rate be limited to 1% of market value, levied only by the County of Tulare (the County) and shared with all other jurisdictions. Such limitation on the rate may only be increased through voter approval. The County collects property taxes and distributes them to taxing jurisdictions on the basis of the taxing jurisdiction's assessed valuations and on the tax rate for voter-approved debt. In the fund financial statements, property tax is recorded as revenue in the period levied to the extent it is collected within 60 days of year-end.

The property tax calendar for the City is as follows:

Lien date January 1
Levy dates July 1 through June 30
Due dates November 1 – 1st installment
February 1 – 2nd installment
Collection dates December 10 – 1st installment
April 10 – 2nd installment
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
45 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) D. Assets, Liabilities, Net Position or Fund Balance, and Other Financial Statement Items (Continued) Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amounts of revenues and expenditures/expenses during the reporting period. Actual results could differ from those estimates.

E. Reclassifications and Eliminations
lnterfund balances must generally be eliminated in the government-wide financial statements, except for the net residual amounts due between governmental activities and business-type activities. Amounts involving fiduciary funds should be reported as external transactions. Any allocations must reduce the expenses of the function from which the expenses are being allocated, so that expenses are reported only once—in the function in which they are allocated.

G. Pensions
For purposes of measuring the net pension liability, deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the City's California Public Employees' Retirement System (CalPERS) pension plans (the Plans) and additions to/deductions from the Plans' fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments (including refunds of employee contributions) are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value.

H. Other Post-Employment Benefits (OPEB)
For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City's plan (OPEB Plan) and additions to/deductions from the OPEB Plan's fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this purpose, benefit payments are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value. Accounting principles generally accepted in the United States of America require that the reported results must pertain to liability and asset information within certain defined timeframes.

I. Deferred Outflows and Inflows of Resources
As required by GASB Statements No. 63 and No. 65, the City recognized applicable deferred outflows and inflows of resources in the government-wide and fund financial statements.

The Statements of Net Position and Balance Sheet will sometimes report separate sections for deferred outflows of resources and deferred inflows of resources. Deferred outflows of resources are defined as a consumption of net assets by the City that applies to future periods, while deferred inflows of resources represent an acquisition of net assets by the City that applies to future periods. The City has items that qualify for reporting in these categories, which are detailed in a separate note disclosure.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
46 NOTE 2 – CASH AND INVESTMENTS
Cash and investments as of June 30, 2024, are classified in the accompanying financial statements as follows:

Statement of net position:

Cash and investments 226,131,338 $
Cash and investments with fiscal agent 26,554,372
Statement of fiduciary net position:

Cash and investments 3,993,712
Total cash and investments 256,679,422 $
Cash and investments as of June 30, 2024, consist of the following:

Cash on hand 35,600 $
Deposits with financial institutions 60,388,127
Investments 196,255,695
Total cash and investments 256,679,422 $
A. Investments Authorized by the California Government Code and the City's Investment Policy The table below identifies the investment types that are authorized for the City by the California Government Code (or the City's investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code (or the City's investment policy, where more restrictive) that address interest rate risk, credit risk, and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustees that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City's investment policy.

Maximum
Parentage/ Maximum
Maximum Amount Investment in
Authorized Investment Type Maturity of Portfolio Other Issuer Time Certificates of Deposit N/A 30% N/A
Local Agency Investment Fund (LAIF) N/A $50 million N/A Bankers Acceptances 180 days 40% 30%
Treasury Bonds and Notes 10 years N/A N/A
Treasury Bills (T-Bills) 1 year N/A N/A
Federally Sponsored Agency Securities N/A N/A N/A
Repurchase Agreements (3) 90 days N/A N/A
Medium-Term Notes/Corporate Bonds (1) 5 years 30% N/A
Money Market Mutual Funds (4) N/A 15% N/A
Commercial Paper (6) N/A 25% N/A
Zero Coupon Bonds (2) N/A N/A N/A
Passbook Savings Account Demand Deposits (5) N/A N/A N/A surplus funds.
(2) May only be purchased for purposes of bond defeasance or future capital improvement projects. a qualified safekeeping institution.
(4) Purchases may not exceed 15% of the City's surplus funds. (5) Requires investing only in Federal Deposit Insurance Corporation (FDIC) savings and loan institutions. (6) Purchases may not exceed 25% of the City's surplus funds. (1)Must be rated A or better by a nationally recognized rating service and may not exceed 30% of the City's (3) Requires physical delivery of the securities backing the repurchase agreements or safekeeping documentation to CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
47 NOTE 2 – CASH AND INVESTMENTS (Continued)
B. Investments Authorized by Debt Agreements
Investments of debt proceeds held by bond trustees are governed by the provisions of the debt agreements, rather than the general provisions of the California Government Code or the City's investment policy. The table below identifies the investment types that are authorized for investments held by bond trustees. The table also identifies certain provisions of these debt agreements that address interest rate risk, credit risk, and concentration of credit risk.

Maximum
Parentage/ Maximum
Maximum Amount Investment in
Authorized Investment Type Maturity of Portfolio Other Issuer U.S. Treasury Obligations None None None
U.S. Agency Securities None None None
Bankers' Acceptances 180 days None None
Commercial Paper 270 days None None
Money Market Mutual Funds N/A None None
Investment Contracts 30 years None None
C. Disclosures Relating to Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment.

Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates. None of the City's investments, as shown below, are adversely affected by changes in interest rates.

Amount 12 months or less 13 to 24 months 25 to 60 months Federal Agency Securities 145,626,857 $ 10,426,162 $ 84,030,320 $ 51,170,375 $ Local Agency Investment fund (LAIF) 36,963,225 36,963,225 - - Held by Bond Trustees:

Money Market Mutual Funds 8,528,574 8,528,574 - -
Investment Contracts 5,082,326 5,082,326 - -
Held by Insurance Administrator: -
Pooled Insurance Investments 54,713 54,713 - -
Total 196,255,695 $ 61,055,000 $ 84,030,320 $ 51,170,375 $ Investment Type
Remaining Maturity (in months)
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
48 NOTE 2 – CASH AND INVESTMENTS (Continued)
D. Disclosures Relating to Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment.

This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below is the minimum rating required by (where applicable) the California Government Code, the City's investment policy, or debt agreements, and the actual rating as of year-end for each investment type:

Minimum
Legal Rating as of Year-End
Amount Rating Aaa Not Rated
Federal Agency Securities 145,626,857 $ N/A 140,930,597 $ 4,696,260 $ * Local Agency Investment fund (LAIF) 36,963,225 Collateralized - 36,963,225 Held by Bond Trustees:

Money Market Mutual Funds 8,528,574 N/A - 8,528,574
Investment Contracts 5,082,326 N/A - 5,082,326
Held by Insurance Administrator: -
Pooled Insurance Investments 54,713 N/A - 54,713
Total 196,255,695 $ 140,930,597 $ 55,325,098 $
* Amounts reported here as "Not Rated" are deemed to be "Withdrawn" by Moody's Rating Agency.

Investment Type
E. Concentration of Credit Risk
The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code. Investments in any one issuer that represents 5% or more of the City's total investments are as follows:

Reported
Investment Type Amount
Federal National Mortgage Association Federal Agency Securities 12,357,530 $ Federal Home Loan Mortgage Corp Federal Agency Securities 48,585,435 Federal Home Loan Banks Federal Agency Securities 77,623,342 Total Federal Agency Securities 138,566,307 $
Investment Type
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
49 NOTE 2 – CASH AND INVESTMENTS (Continued)
F. Custodial Credit Risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City's investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provision for deposits: The California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). Collateral for cash deposits is considered to be held in the City's name. The fair value of the pledged securities in the collateral pool must equal at least 110% of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the secured public deposits. The City may waive collateral requirements for cash deposits, which are fully insured up to $250,000 by the FDIC. The City, however, has not waived the collateralization requirements.

The carrying amounts of the City's cash deposits were $60,388,126 at June 30, 2024. Bank balances before reconciling items were $63,517,314 at that date, the total amount of which was collateralized or insured with securities held by the pledging financial institutions in the City's name as discussed above.

The City follows the practice of pooling cash and investments of all funds, except for funds required to be held by fiscal agents under the provisions of bond indentures. Interest income earned on pooled cash and investments is allocated on an accounting period basis to the various funds based on the period-end cash and investment balances. Interest income from cash and investments with fiscal agents is credited directly to the related fund.

G. Investments in State Investment Pool
The City is a voluntary participant in LAIF that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. The State Treasurer's Office reports its investments at fair value. The fair value of securities in the State Treasurer's pooled investment program, including LAIF, generally is based on quoted market prices. The State Treasurer's Office performs a quarterly fair market valuation of the pooled investment program portfolio. In addition, the State Treasurer's Office performs a monthly fair valuation of all securities held against carrying cost. These valuations and financial statements are posted to the State Treasurer's Office website at www.treasurer.ca.gov. The fair value of the City's investment in this pool is reported in the accompanying financial statements at amounts based upon the City's pro-rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.

H. Fair Value Measurements
The City categorizes its fair value measurements within the fair value hierarchy established by accounting principles generally accepted in the United States of America. These principles recognize a three-tiered fair value hierarchy, as follows:
• Level 1: Investments reflect prices quoted in active markets; • Level 2: Investments reflect prices that are based on a similar observable asset either directly or indirectly, which may include inputs in markets that are not considered to be active;  Level 3: Investments reflect prices based upon unobservable sources.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
50 NOTE 2 – CASH AND INVESTMENTS (Continued)
H. Fair Value Measurements (Continued)
The City has the following recurring fair value measurements as of June 30, 2024:

Quoted Prices Significant
Active Markets Other Significant
for Identical Observable Unobservable
Assets Inputs Inputs
Totals (Level 1) (Level 2) (Level 3)
Debt Securities:

Federal Agency Security 145,626,857 $ 145,626,857 $ - $ - $ Total investments measured at fair value 145,626,857 145,626,857 $ - $ - $ Investments measured at amortized cost:

LAIF 36,963,225
Pooled Insurance Investments 54,713
Money Market Mutual Funds 8,528,574
Investment Contracts 5,082,326
Total investments measured at amortized cost 50,628,838 Total pooled and direct investments 196,255,695 $
Investment types by Fair Value Level
Fair Value Measurements Using
NOTE 3 – NOTES, LOANS AND LONG-TERM RECEIVABLES
Notes receivable for the primary government consist of:

Primary government:

Total notes receivable $ 759,458
Five secured notes receivable for various amounts from Kaweah Management for properties at 145 No B St, 445 So I St, 361 Beechwood, 484 Beechwood, and 524 Aspenwood. These loans are 55 year notes with affordability agreements. If these notes stay in compliance for the full term, then the notes are forgiven. If not, then the notes are due and payable and any funds returned to the City will be forwarded to Tulare County as program income per Federal funding rules for the Neighborhood Stabilization Program (NSP).

Loans receivable consist of:

Primary government:

HOME Program (Housing Successor Agency (HSA)) 7,991,786 $ Housing Community Development Block Grant (CDBG) loans 471,725 Rehabilitation loans 1,090,995
Others 21,315
Total loans receivable $ 9,575,821
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
51 NOTE 3 – NOTES, LOANS AND LONG-TERM RECEIVABLES (Continued) On January 5, 2017, the Department of Finance (DOF) approved a loan between the City and Successor Agency for the amount of $10,588,362. Annual City loan payments cannot exceed 50% of the incremental growth of residual Redevelopment Property Tax Trust Fund (RPTTF) revenues between the previous fiscal year and fiscal year 2012-13. The Successor Agency intends to repay the loan as soon as possible. The balance of this long-term receivable as of June 30, 2024, was $9,178,861.

In fiscal year 1990, the City’s Aviation Fund leased land to a third party. The lease is for 45 years and the City will receive monthly payments of $304. The City recognized $1,409 in lease revenue during the current fiscal year related to this lease. As of June 30, 2024, the City’s receivable for lease payments was $41,616. Also, the City has a deferred inflow of resources associated with this lease that will be recognized as revenue over the lease term. As of June 30, 2024, the balance of the deferred inflow of resources was $15,031.

In fiscal year 1997, the City’s Water Fund leased a parcel of land and a water tower to a third party. The lease is for 30 years and the City will receive monthly payments of $600. The City recognized $2,680 in lease revenue during the current fiscal year related to this lease. As of June 30, 2024, the City’s receivable for lease payments was $15,235. Also, the City has a deferred inflow of resources associated with this lease that will be recognized as revenue over the lease term. As of June 30, 2024, the balance of the deferred inflow of resources was $6,255.

In fiscal year 2007, the City’s Aviation Fund leased a portion of the Tulare Airport to a third party. The lease is for 25 years and the City will receive monthly payments of $1,114. The City recognized $5,690 in lease revenue during the current fiscal year related to this lease. As of June 30, 2024, the City’s receivable for lease payments was $71,528. Also, the City has a deferred inflow of resources associated with this lease that will be recognized as revenue over the lease term. As of June 30, 2024, the balance of the deferred inflow of resources was $40,308.

In fiscal year 2013, the City’s Transit Fund leased property to a third party. The lease is for 15 years and the City will receive monthly payments of approximately $4,175. The City recognized $28,213 in lease revenue during the current fiscal year related to this lease. As of June 30, 2024, the City’s receivable for lease payments was $83,609. Also, the City has a deferred inflow of resources associated with this lease that will be recognized as revenue over the lease term. As of June 30, 2024, the balance of the deferred inflow of resources was $51,724.

In fiscal year 2019, the City’s General Fund leased a Cycle Park to a third party. The lease is for 5 years and the City will receive monthly payments of approximately $1,793. The City recognized $9,428 in lease revenue during the current fiscal year related to this lease. As of June 30, 2024, the City’s receivable for lease payments was $0. Also, the City has a deferred inflow of resources associated with this lease that will be recognized as revenue over the lease term. As of June 30, 2024, the balance of the deferred inflow of resources was $0.

In fiscal year 2021, the City’s Aviation Fund leased an airport hanger to a third party. The lease is for 15 years and the City will receive monthly payments of $797.22 which increases by 3% per year beginning June 1, 2025. The City recognized $771 in lease revenue during the current fiscal year related to this lease. As of June 30, 2024, the City’s receivable for lease payments was $112,068. Also, the City has a deferred inflow of resources associated with this lease that will be recognized as revenue over the lease term. As of June 30, 2024, the balance of the deferred inflow of resources was $111,789.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
52 NOTE 4 – CAPITAL ASSETS
Capital assets activities for the year ended June 30, 2024, were as follows:

Restated
Balance Transfers/ Balance
June 30, 2023 Additions Deletions Adjustments June 30, 2024 Governmental Activities:

Capital assets not being depreciated:

Land 19,303,728 $ 4,848,600 $ (82,368) $ - $ 24,069,960 $ Right-of-way 1,306,651 - - (112,010) 1,194,641
Construction in progress (CIP) 3,707,659 15,486,082 (55,600) (9,270,988) 9,867,153 Total capital assets not being depreciated 8,556,259 36,096,461 (137,968) (9,382,998) 35,131,754 Capital assets being depreciated/amortized:

Infrastructure 7,530,634 227,349,961 - 9,383,001 244,263,596 Structures and improvements 17,963,105 61,937,561 (113,854) 79,786,812 Equipment 2,726,162 40,285,833 (2,928,852) 40,083,143
Right-to-use SBITA asset 156,539 33,448 - - 189,987
Total capital assets being depreciated 28,253,349 329,729,894 (3,042,706) 9,383,001 364,323,538 Less accumulated depreciation/amortization for:

Infrastructure (140,611,975) (5,026,173) - - (145,638,148) Structures and improvements (31,278,196) (1,420,582) 113,852 (32,584,926) Equipment (27,105,560) (2,175,273) 2,911,218 - (26,369,615) Right-to-use SBITA asset (59,613) (85,095) - - (144,708) Total accumulated depreciation/amortization (8,681,641) (199,080,826) 3,025,070 - (204,737,397) Total capital assets being depreciated/amortized, net 19,571,708 130,649,068 (17,636) 9,383,001 159,586,141 Governmental activities capital assets, net $ 28,127,967 166,745,529 $ (155,604) $ 3 $ 194,717,895 $ Balance Transfers/ Balance
July 1, 2023 Additions Deletions Adjustments June 30, 2024 Business-Type Activities
Capital assets not being depreciated:

Land 8,280,895 $ - $ - $ - $ 8,280,895 $
Construction in progress (CIP) 23,641,564 10,105,006 - (13,883,283) 19,863,287 Total capital assets not being depreciated 31,922,459 10,105,006 - (13,883,283) 28,144,182 Capital assets being depreciated:

Buildings 18,901 7,527,788 - - 7,546,689
Improvements other than buildings 2,668,539 374,194,217 - 11,368,398 388,231,154 Equipment 421,535 39,632,788 (10,647) 2,514,885 42,558,561 Right-to-use SBITA asset 27,120 - - - 27,120
Total capital assets being depreciated 3,136,095 421,354,793 (10,647) 13,883,283 438,363,524 Less accumulated depreciation for:

Buildings (2,477,203) (167,685) - - (2,644,888)
Improvements other than buildings (127,620,977) (8,228,212) - - (135,849,189) Equipment (12,690,238) (1,364,791) 10,647 - (14,044,382) Right-to-use SBITA asset (6,780) - - - (6,780)
Total accumulated depreciation (9,767,468) (142,788,418) 10,647 - (152,545,239) Total capital assets being depreciated, net (6,631,373) 278,566,375 - 13,883,283 285,818,285 Business-type activities capital assets, net $ 3,473,633 310,488,834 $ - $ - $ 313,962,467 $ CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
53 NOTE 4 – CAPITAL ASSETS (Continued)
Depreciation and amortization expense is charged to functions and programs based on their usage of the related assets.

Depreciation and amortization expense for the year ended June 30, 2024, was charged to the following activities:

Governmental activities:

General government $ 308,575
Public safety 279,454
Community development 5,132,540
Community services 1,928
Library and cultural 998,246
Internal service fund 1,960,898
Total governmental activities $ 8,681,641
Business-type activities:

Transit $ 764,500
Community and development 1,517
Water 2,344,045
Solid waste 16,579
Sewer 6,488,608
Aviation 152,219
Total business-type activities $ 9,767,468
NOTE 5 – INTERFUND TRANSACTIONS
Interfund transactions are reported as either loans, services provided, reimbursements or transfers. Loans are reported as interfund receivables and payables, as appropriate, and are subject to elimination upon consolidation. Services provided, deemed to be at market or near market rates, are treated as revenues and expenditures/expenses. Reimbursements occur when one fund incurs a cost, charges the appropriate benefiting fund, and reduces its related cost as a reimbursement. All other interfund transactions are treated as transfers. Transfers among governmental or proprietary funds are netted as part of the reconciliation to the government-wide financial statements.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
54 NOTE 5 – INTERFUND TRANSACTIONS (Continued)
The balances below represent short-term borrowing resulting from a temporary need for additional cash. Amounts are expected to be repaid shortly after the end of the fiscal year. lnterfund transactions due from/to other funds at June 30, 2024, were as follows:

Due From Due To
Governmental Funds:

Major Funds:

General 8,910,283 $ 3,160,966 $
Nonmajor Funds:

Senior Services - 538,555
Housing Redevelopment CDBG - 338,257
Traffic Safety - 13,205
Local Law Enforcement Block Grant - 52,029
Proprietary Funds:

Nonmajor Funds:

Aviation - 492,070
Internal Service Funds:

Fleet Maintenance Fund 193,092 -
General Insurance 3,741,712 -
Unemployment Insurance 32,268 -
Purchasing 348,129 -
$ 8,910,283 8,910,283 $
lnterfund transfers consist of transfers from funds receiving resources to funds through which the resources are to be expended. lnterfund transfers for the current year are as follows:

Transfers In Transfers Out
Governmental Funds:

Major Funds:

General 8,739,625 $ 4,720,174 $
Nonmajor Funds:

Senior Services 434,920 -
Gas Tax - 715,431
Traffic Safety - 74,685
Measure R - 470,852
OTS Grant - 4,517
Developer Impact Fees - 11,892,264
Technology CIP - 127,810
Financing Authority 1,100,000 -
Proprietary Funds:

Major Funds:

Water 6,027,888 711,150
Solid Waste - 6,150
Sewer - 462,290
Nonmajor Funds:

Development Services 2,020 300,000
Aviation 50,000 -
Internal Service Funds:

Fleet Maintenance Fund - 2,050,000
Unemployment Insurance - 53,490
Surface Water Management 1,425,800 1,250,000
Total transfers $ 20,309,533 20,309,533 $
Transfers noted during the year are for funding of capital projects, reimbursements of costs, and debt service related payments.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
55 NOTE 6 – LONG-TERM DEBT
The following is a summary of the long-term debt activity for the year ended June 30, 2024:

Amounts Due
Balance Balance Within
July 1, 2023 Additions Deletions June 30, 2024 One Year Governmental activities:

Notes from direct borrowings and direct placements
Lease revenue bonds payable $ - 21,015,000 $ (1,285,000) $ 19,730,000 $ 1,350,000 $ Bond premium 1,621,472 - (109,930) 1,511,542 109,930
Total notes from direct borrowings and direct placements - 22,636,472 (1,394,930) 21,241,542 1,459,930 Finance leases - 12,982,126 (1,386,855) 10,637 11,595,271 Compensated absences payable 3,019,056 302,052 (187,987) 3,133,121 265,062 Insurance claim payable 1,444,875 - - 1,444,875 1,444,875 Net pension liability 58,319,973 8,460,085 (2,266,069) 64,513,989 - Net OPEB liability 1,687,031 73,908 (421,608) 1,339,331 - Total governmental activities $ 8,836,045 100,089,533 $ (5,657,449) $ 103,268,129 $ 3,180,504 $ Business-type activities:

Notes from direct borrowings and direct placements
Revenue bonds payable $ - 174,935,001 $ (5,095,000) $ 169,840,001 $ 5,310,000 $ Bond premium 14,098,906 - (635,622) 13,463,284 635,622
Total notes from direct borrowings and direct placements - 189,033,907 (5,730,622) 183,303,285 5,945,622 Compensated absences payable 1,400,515 57,919 (108,032) 1,350,402 114,244 Net pension liability 18,965,900 3,167,476 (936,894) 21,196,482 - Net OPEB liability 752,989 (294,303) 51,591 - 510,277
Total business-type activities $ 3,276,986 210,153,311 $ (7,069,851) $ 206,360,446 $ 6,059,866 $ Type of Debt
Amounts Due
Balance Balance Within
July 1, 2023 Additions Deletions June 30, 2024 One Year Primary government:

Revenue bonds payable $ - 195,950,001 $ (6,380,000) $ 189,570,001 $ 6,660,000 $ Bond premium - 15,720,378 (745,552) 14,974,826 745,552
Finance leases - 12,982,126 (1,386,855) 11,595,271 10,637 Compensated absences payable 4,419,571 359,971 (296,019) 4,483,523 379,306 Insurance claim payable 1,444,875 - - 1,444,875 1,444,875 Net pension liability 77, 11,627,561 285,873 (3,202,963) 85,710,471 - Net OPEB liability 125,499 2,440,020 (715,911) 1,849,608 - Total primary government activities $ 12,113,031 310,242,844 $ (12,727,300) $ 309,628,575 $ 9,240,370 $ Type of Debt
The liability for pension related debt, OPEB debt, and compensated absences for governmental activities is primarily liquidated by the General Fund with smaller portions charged to other funds in an amount proportional to the personnel costs incurred. The pension-related debt and compensated absences for business-type activities will be paid by the respective proprietary funds.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
56 NOTE 6 – LONG-TERM DEBT (Continued)
A. Governmental Activities
Lease Revenue Bonds (the Authority)
On March 27, 2018, the City issued $26,675,000 in Lease Revenue Bonds to refund the City's 2008 Lease Revenue Bond with an outstanding balance of $26,670,000. The reacquisition price exceeded the net carry amount of the old debt by $5,000. The transaction resulted in an economic gain of $4,478,415. Due to the advance refunding of the 2008 Lease Revenue Bond, a deferred outflow of resources (refunding of debt) of $175,898 was calculated and will be amortized over the life of the debt. The bonds are payable in amounts ranging from $1,040,000 to $1,700,000 per year on April 1 each year, commencing April 1, 2019, through April 1, 2038, and bear interest at rates ranging from 3.00% to 5.00% depending upon the date of maturity. At June 30, 2024, the outstanding balance, including the related unamortized bond premium and discount, was $21,241,542. There is a provision in the bonds whereby in an event of default the lender may declare the principal of the bonds outstanding and the interest accrued to be immediately due and payable.

Finance Lease Payable
On June 29, 2023, the City entered into a financing lease with Banc of America Public Capital Corp, a Kansas corporation, for an amount not to exceed $12,982,126 (to lease and acquire from Lessor certain equipment). The proceeds from this obligation will help finance the cost, acquisition, and installation of various equipment for the City. The payments range from $1,886,667 to $457,055 per year, commencing on June 29, 2024 through June 29, 2043. The financing lease has a contract rate of 3.850% per annum. The finance lease is secured by the equipment being financed. There is a provision within the lease agreement whereby in the event of default, the lender may declare all rental payments immediately due and payable, may retake possession of the equipment, and may terminate the Escrow Agreement and apply proceeds from the escrow account to the rental payments.

As of June 30, 2024, the City has received the full proceeds from Banc of America Public Capital Corp., and has drawn down $8,834,865 of the loan proceeds for equipment related purchases.

B. Business-Type Activities
2015 Sewer Revenue Refunding Bonds
In November 2015, the City issued $84,555,000 in Sewer Revenue Refunding Bonds to refund the City's 2006 Sewer Revenue Bonds with an outstanding principal of $76,800,000. The reacquisition price exceeded the net carry amount of the old debt by $7,755,000. This amount is being netted against the new debt and amortized over the new debt's life. The transaction resulted in an economic gain of $7,433,828. Principal and interest payments are due semi-annually commencing on November 15, 2015, through November 15, 2045, and bear interest at a rate of 5%. In October 2020, the City paid off a portion of the remaining balance by using the Sewer Revenue Refunding Bonds, Series 2020A and 2020B. At June 30, 2024, the outstanding balance, including the related unamortized bond premium, was $57,990,911. There is a provision in the refunding bonds whereby in the event of default, the unpaid principal and accrued interest become immediately due, and the lender may pursue legal action to enforce repayment.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
57 NOTE 6 – LONG-TERM DEBT (Continued)
B. Business-Type Activities (Continued)
2016 Sewer Revenue Refunding Bonds
On July 20, 2016, the City issued $58,265,000 in Sewer Revenue Refunding Bonds to refund the City's 2010 Sewer Revenue Bonds with an outstanding principal of $8,375,000, and the City's 2009 Sewer Revenue Bonds with an outstanding principal of $54,775,000. Due to the advance refunding of the 2010 Sewer Revenue Bonds, a deferred outflow of resources (refunding of debt) of $387,453 was calculated and will be amortized over the life of the debt. The transaction resulted in a reduction of $1,951,172 in future debt service payments. The economic gain was $906,004.

Principal and interest payments are due semi-annually commencing November 15, 2019, through November 15, 2044, and bear interest at rates from 3% to 5%. At June 30, 2024, the outstanding balance, including unamortized bond premium, was $59,096,139. There is a provision in the refunding bonds agreement, where in the event of default, the trustee may accelerate repayment, making the full bond principal and interest due immediately. Additionally, the trustee may also initiate legal proceedings and apply pledged revenues to satisfy debt obligations and related costs. 2017 Water Revenue Refunding Bonds
In 2018, the City issued $18,155,000 in Water Revenue Refunding Bonds. The bond principal is payable in amounts ranging from $330,000 to $1,080,000 per year on December 1 each year, commencing December 1, 2018, through December 1, 2047, and bears interest at rates from 2.00% to 5.00%. The bond interest is payable twice a year, on June 1 and December 1 each year. At June 30, 2024, the outstanding balance, including the related unamortized bond premium, was $17,766,547. There is a provision within the agreement whereby in the event of default, the principal and interest may be declared immediately due and payable.
2020 Water Revenue Refunding Bonds
In 2020, the City issued $15,735,000 in Water Revenue Refunding Bonds. The bond principal is payable in amounts ranging from $260,000 to $1,050,000 per year on December 1 each year, commencing December 1, 2020, through December 1, 2049, and bears interest at rates from 4.00% to 5.00%. The bond interest is payable twice a year, on June 1 and December 1 each year. At June 30, 2024, the outstanding balance, including the related unamortized bond premium, was $14,171,538. There is a provision within the agreement, whereby in the event of default, the full principal and interest may be declared immediately due and payable, in addition the trustee may also pursue legal actions, including applying pledged revenues to satisfy the obligation.
2020A and 2020B Sewer Revenue Refunding Bonds
In 2021, the City issued $20,170,000 and $17,210,000 in Series A and Series B Revenue Refunding Bonds, respectively, to refund the City's 2012 Sewer Revenue Refunding Bond with an outstanding principal of $5,364,005, 2013 Sewer Revenue Refunding Bonds with an outstanding principal of $20,060,000, and $20,000,000 of the 2015 Sewer Revenue Refunding Bonds. Due to the advance refunding of each Sewer Revenue Bonds, a deferred outflow of resources (refunding debt) of $332,418 was calculated and will be amortized over the life of the debt. The transaction resulted in a reduction of $10,279,742 in future debt service payments. The economic gain was $6,927,470.

The 2020A bond principal is payable in amounts ranging from $305,000 to $2,955,000 per year on November 15 each year, commencing November 15, 2021, through November 15, 2041, and bears interest at rates from 4% to 5%. The bond interest is payable twice a year, on May 15 and November 15 each year. At June 30, 2024, the outstanding balance, including the related unamortized premium, was $21,208,211. There is a provision within the agreement, whereby in the event of default, the full principal and interest may be declared immediately due and payable, in addition the trustee may also pursue legal actions, including applying pledged revenues to satisfy the obligation.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
58 NOTE 6 – LONG-TERM DEBT (Continued)
2020A and 2020B Sewer Revenue Refunding Bonds (Continued) The 2020B bond principal is payable in amounts ranging from $805,000 to $2,020,000 per year on November 15 each year, commencing November 15, 2021, through November 15, 2033, and bears interest at rates from 0.809% to 2.794%.

The bond interest is payable twice a year, on May 15 and November 15 each year. At June 30, 2024, the outstanding balance, including the related unamortized premium, was $13,865,000. There is a provision within the agreement, whereby in the event of default, the full principal and interest may be declared immediately due and payable, in addition the trustee may also pursue legal actions, including applying pledged revenues to satisfy the obligation.

The annual requirements to amortize bonded debt and notes payable, including interest, are as follows:

Governmental
Activities
2018 Lease 2015 Sewer 2016 Sewer 2017 Water
Year Ending Revenue Revenue Revenue Revenue
June 30 Bonds Refunding Bonds Refunding Bonds Refunding Bonds 2025 2,225,750 $ 5,007,625 $ 2,773,250 $ 1,102,800 $
2026 2,223,250 4,951,750 2,772,800 1,106,600
2027 2,222,500 4,843,875 2,771,950 1,104,700
2028 1,768,250 4,827,875 2,748,175 1,107,100
2029 1,768,000 4,860,000 2,695,800 1,106,350
2030-2034 8,853,000 23,855,875 14,009,000 5,520,650
2035-2039 7,079,751 15,615,625 20,412,500 5,523,625
2040-2044 - 6,861,250 31,839,450 5,521,250
2045-2049 - 11,502,500 9,614,200 4,418,375
2050-2054 - - - -
82,326,375 26,140,501 89,637,125 26,511,450
Less interest 6,410,500 28,681,375 34,357,125 10,466,450 Plus unamortized premium 1,511,541 4,345,912 3,816,139 1,721,547 Total 21,241,542 $ 57,990,912 $ 59,096,139 $ 17,766,547 $ Business-Type Activities
Primary Government
2020 Water 2020A Sewer 2020B Sewer
Year Ending Revenue Revenue Revenue
June 30, Refunding Bonds Refunding Bonds Refunding Bonds 2025 770,650 $ 1,434,275 $ 1,129,236 $
2026 771,775 1,433,150 1,122,762
2027 772,150 972,025 1,124,025
2028 771,775 659,400 2,093,570
2029 770,650 659,400 2,090,707
2030-2034 3,863,550 3,297,000 8,037,032
2035-2039 3,862,800 10,678,500 -
2040-2044 3,865,275 9,165,000 -
2045-2049 3,865,475 - -
2050-2054 770,100 - -
28,298,750 20,084,200 15,597,332
Less interest 7,314,200 10,063,750 1,732,331
Plus unamortized premium 1,401,537 2,178,149 -
Total 14,171,537 $ 20,413,149 $ 13,865,001 $
Business-Type Activities
Primary Government
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
59 NOTE 6 – LONG-TERM DEBT (Continued)
Compensated Absences:

The City accounts for compensated absences (unpaid vacation, sick leave, and compensatory time) in accordance with the City's policy. At June 30, 2024, the compensated absences payable totaled $3,133,121 and $1,350,402 for governmental activities and business-type activities, respectively.

NOTE 7 – PENSION PLANS
The City participates in the Miscellaneous Plan, an agent multiple employer defined benefit pension plan of the City of Tulare, and the Safety Fire Plan and Safety Police Plan, cost-sharing multiple employer defined benefit pension plans of the City of Tulare, which are included in the Public Agency portion of CalPERS.

A. Miscellaneous Plan
General Information
Plan Description
All qualified permanent and probationary employees are eligible to participate in the City's Miscellaneous Plan, an agent multiple-employer defined benefit pension plan administered by the California Public Employees' Retirement System (CalPERS), which acts as a common investment and administrative agent for its participating member employers. Benefit provisions under the Plan are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions, and membership information that can be found on the CalPERS website.

Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments, and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit.

The cost-of-living adjustments for Miscellaneous Plan are applied as specified by the Public Employees' Retirement Law.

The Public Employees' Pension Reform Act of 2013 (PEPRA) requires new benefits and member contributions for new members as defined by PEPRA, that are hired after January 1, 2013. Pursuant to PEPRA, the Miscellaneous 2nd Tier Plan is closed to new entrants as of January 1, 2013.

The rate plan provisions and benefits in effect at June 30, 2024, are summarized as follows:

Miscellaneous Miscellaneous Miscellaneous
1st Tier 2nd Tier PEPRA
Prior to January 1, 2011 thru On or after
Hire Date January 1, 2011 December 31, 2013 January 1, 2013 Benefit formula 2.7% @ 55 2.5% @ 55 2% @ 62
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50 - 55 50 - 63 52 - 67
Monthly benefits, as a % of annual salary 2.0% to 2.7% 2.0% to 2.5% 1.0% to 2.5% Required employee contribution rates 8.000% 8.000% 8.250% Required employer contribution rates 11.850% 11.850% 11.850% CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
60 NOTE 7 – PENSION PLANS (Continued)
A. Miscellaneous Plan (Continued)
General Information (Continued)
Benefits Provided (Continued)
Beginning in fiscal year 2016, CalPERS collects employer contributions for the Plan as a percentage of payroll for the normal cost portion as noted in the rates above and as a dollar amount for contributions toward the unfunded liability and side fund, if applicable. The dollar amounts are billed on a monthly basis. The City's required contribution for the unfunded liability was $3,619,211 for the year ended June 30, 2024.

Employees Covered
At June 30, 2024, the following employees were covered by the benefit terms for the Plan:

Inactive employees or beneficiaries currently receiving benefits 352 Inactive employees entitled to but not yet receiving benefits 154 Active employees 238
Total 744
Contributions
Section 20814(c) of the California Public Employees' Retirement Law requires that the employer rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS' annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions.

The City's contributions to the Plan recognized as a part of pension expense for the year ended June 30, 2024, were $5,088,377.

Net Pension Liability
As of June 30, 2024, the City reported a net pension liability for its proportionate share of the net pension liability of the Plan of $42,631,363.

The City's net pension liability for its Plan is measured as the total pension liability, less the pension plan's fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2023, using an annual actuarial valuation as of June 30, 2022, rolled forward to June 30, 2023, using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is shown below.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
61 NOTE 7 – PENSION PLANS (Continued)
A. Miscellaneous Plan (Continued)
Net Pension Liability (Continued)
Actuarial Assumptions
The total pension liability in the June 30, 2022 actuarial valuation was determined using the following actuarial assumptions:

Valuation Date
Measurement Date
Actuarial Cost Method
Actuarial Assumptions:

Discount Rate
Inflation
Payroll Growth
Projected Salary Increase
Investment Rate of Return
Mortality
(1) Net of pension plan investment expenses, including inflation (2) The mortality table was developed based on CalPERS specific data.

The table includes 15 years of mortality improvements using Society of Actuaries Scale BB.

Derived using CalPERS' Membership
Data for all Funds(2)
Entry- Age Normal Cost Method
Varies by Entry Age and Service

7.00%
June 30, 2022
June 30, 2023

6.90%

2.500%

2.750%
The underlying mortality assumptions and all other actuarial assumptions used in the June 30, 2022 valuation were based on the results of a November 2021 actuarial experience study for the period 2016 to 2021. Further details of the Experience Study can be found on the Cal PERS website.

Changes of Assumptions
The figures above generally include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
62 NOTE 7 – PENSION PLANS (Continued)
A. Miscellaneous Plan (Continued)
Net Pension Liability (Continued)
Actuarial Assumptions (Continued)
Discount Rate
The long-term expected rate of return on pension plan investments was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

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

The expected real rates of return by asset class are as follows:

Asset Class (a)
Assumed Asset Allocation Real Return Years 1-10(b)
Global equity - cap-weighted 30.0% 4.45%
Global equity non-cap-weighted 12.0% 3.84%
Private Equity 13.0% 7.28%
Treasury 5.0% 0.27%
Mortgage-backed Securities 5.0% 0.50%
Invetment Grade Corporates 10.0% 1.56%
High Yield 5.0% 2.27%
Emerging Market Debt 5.0% 2.48%
Private Debt 5.0% 3.57%
Real Assets 15.0% 3.21%
Leverage -5.0% -0.59%
Total 100%
(a) An expected inflation of 2.30% used for this period (b) Figures are based on the 2021-22 Asset Liability Management Study CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
63 NOTE 7 – PENSION PLANS (Continued)
A. Miscellaneous Plan (Continued)
Changes in Net Pension Liability
The changes in the net pension liability for the Plan follow:

Increase
(Decrease) in Net Pension
Total Pension Plan Fiduciary Liability (Asset)
Liability (1) Net Position (2) (3)=(1)-(2)
lance at June 30, 2022 $ 148,736,326 $ 106,571,141 $ 42,165,185 anges recognized for the measurement period:

Service cost 2,839,631 2,839,631
Interest on total pension liability 10,324,925 10,324,925 Changes in benefit terms 224,352 224,352
Changes of assumptions - -
Differences between expected and actual experience 3,238,725 3,238,725 Plan to plan resource movement - -
Contributions - employer (5,007,336) 5,007,336
Contributions - employees (1,646,809) 1,646,809
Net investment income (6,585,677) 6,585,677
Benefit payment, including refunds of employee contributions (7,965,217) (7,965,217) - Administrative expenses - (78,367) 78,367
t Changes 5,196,238 8,662,416 3,466,178
lance at June 30, 2023 $ 157,398,742 $ 111,767,379 $ 45,631,363 Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the City for the Miscellaneous Plan, calculated using the discount rate for the Miscellaneous Plan, as well as what the City's net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:

Discount Rate -1% Current Discount Rate Discount Rate +1%

5.90% 6.90% 7.90%
$ 45,631,363 65,543,351 $ 29,125,267 $
Pension Plan Fiduciary Net Position
Detailed information about the pension plan's fiduciary net position is available in the separately issued CalPERS financial reports.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
64 NOTE 7 – PENSION PLANS (Continued)
A. Miscellaneous Plan (Continued)
Pension Expense and Deferred Outflows/Inflows of Resources Related to Pensions For the year ended June 30, 2024, the City recognized pension expense of $7,358,696. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to the measurement date $ - 5,088,377 $ Changes of assumptions 1,188,186 -
Differences between actual and expected experience 518,543 2,121,923 Net differences between projected and actual earnings on plan investments 5,016,771 - Total $ 518,543 13,415,257 $
$5,088,377 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Year Ended June 30
2025 $ 2,673,639
2026 1,511,349
2027 3,483,211
2028 140,138
2029 -
Thereafter -
Total 7,808,337 $
Payable to the Pension Plan
The City did not have any outstanding contributions payable to the pension plan for the year ended June 30, 2024.

B. Safety Police and Safety Fire Plans
General Information
Plan Description
All qualified permanent and probationary employees are eligible to participate in the Public Agency Cost-Sharing MultipleEmployer Plan (the Plan) administered by the California Public Employees' Retirement System (CalPERS). The Plan consists of individual rate plans (benefit tiers) within a safety risk pool (police and fire) and a miscellaneous risk pool (all other).

Plan assets may be used to pay benefits for any employer rate plan of the safety and miscellaneous pools. Accordingly, rate plans within the safety or miscellaneous pools are not separate plans under GASB Statement No. 68. Individual employers may sponsor more than one rate plan in the miscellaneous or safety risk pools. The City sponsors six safety rate plans (three police and three fire). Benefit provisions under the Plan are established by State statute and City resolution. CalPERS issues publicly available reports that include a full description of the pension plan regarding benefit provisions, assumptions, and membership information that can be found on the Cal PERS website.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
65 NOTE 7 – PENSION PLANS (Continued)
B. Safety Police and Safety Fire Plans (Continued)
General Information (Continued)
Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments, and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for nonduty disability benefits after 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit.

The cost-of-living adjustments for the Plan are applied as specified by the Public Employees' Retirement Law.

The Plan's provisions and benefits in effect at June 30, 2024, are summarized as follows:

Safety - Police Safety - Police Safety - Police
1st Tier 2nd Tier PEPRA
Prior to January 1, 2011 thru On or after
Hire date January 1, 2011 December 31, 2012 January 1, 2013 Benefit formula 3% @ 50 3% @ 55 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50 - 55 50 - 55 50 - 57
Monthly benefits, as a % of annual salary 3.00% 2.4% to 3.0% 2.0% to 2.7% Required employee contribution rates 9.000% 9.000% 13.750% Required employer contribution rates 27.110% 22.830% 13.540% Safety - Fire Safety - Fire Safety - Fire
1st Tier 2nd Tier PEPRA
Prior to January 1, 2011 thru On or after
Hire Date January 1, 2011 December 31, 2012 January 1, 2013 Benefit formula 3% @ 50 3% @ 55 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50 - 55 50 - 55 50 - 57
Monthly benefits, as a % of annual salary 3.00% 2.4% to 3.0% 2.0% to 2.7% Required employee contribution rates 9.000% 9.000% 13.750% Required employer contribution rates 27.110% 24.150% 13.540% Beginning in fiscal year 2016, CalPERS collects employer contributions for the Plan as a percentage of payroll for the normal cost portion as noted in the rates above and as a dollar amount for contributions toward the unfunded liability and side fund, if applicable. The dollar amounts are billed on a monthly basis. The City's required contribution for the unfunded liability was $2,370,456 for the year ended June 30, 2024.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
66 NOTE 7 – PENSION PLANS (Continued)
B. Safety Police and Safety Fire Plans (Continued)
General Information (Continued)
Contributions
Section 20814(c) of the California Public Employees' Retirement Law mandates that the employer rates for all public employers must be determined annually by the actuary and will be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS' annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The City is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions.

The City's contributions to the Plan recognized as a part of pension expense for the year ended June 30, 2024, were $4,294,568.

Pension Liabilities, Pension Expense and Deferred Outflows/Inflows of Resources Related to Pensions As of June 30, 2024, the City reported a net pension liability for its proportionate share of the net pension liability of the Plan of $38,723,645.

The City's net pension liability for the Plan is measured as the proportionate share of the net pension liability. The net pension liability of the Plan is measured as of June 30, 2023, and the total pension liability for the Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2022, rolled forward to June 30, 2023, using standard update procedures. The City's proportion of the net pension liability was based on a projection of the City's long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined. The City's proportionate share of the net pension liability for the Plan as of June 30, 2022 and 2023, was as follows:

Proportion - June 30, 2022 0.5111%
Proportion - June 30, 2023 0.5180%
Change - Increase (Decrease) 0.0069%
For the year ended June 30, 2024, the City recognized pension expense of $7,404,773. At June 30, 2024, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to the measurement date $ - 4,547,187 $ Changes in assumptions 2,259,964 -
Differences between actual and expected experience 243,393 2,843,029 Net differences between projected and actual earnings on plan investments - 5,299,321 Changes in City's proportion - 2,111,412
Differences between the employer's actual contributions and the employer's proportionate share of contributions 115,417 1,634,634
Total $ 1,878,027 17,176,330 $
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
67 NOTE 7 – PENSION PLANS (Continued)
B. Safety Police and Safety Fire Plans (Continued)
Pension Liabilities, Pension Expense and Deferred Outflows/Inflows of Resources Related to Pensions (Continued) $4,547,187 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Year Ended June 30
2025 $ 3,664,610
2026 2,549,963
2027 4,388,628
2028 147,915
2029 -
Thereafter -
Total 10,751,116 $
Actuarial Assumptions
The total pension liability in the June 30, 2022 actuarial valuation was determined using the following actuarial assumptions:

Valuation Date
Measurement Date
Actuarial Cost Method
Actuarial Assumptions:

The table includes 15 years of mortality improvements using Society of Actuaries Scale 90% of scale MP 2016.

2.80%
Varies by Entry Age and Service

6.90%(1)
Derived using CalPERS'
Membership Data for all Funds(2)
June 30, 2022
June 30, 2023
Entry- Age Normal Cost Method

6.90%

2.30%
The underlying mortality assumptions and all other actuarial assumptions used in the June 30, 2022 valuation were based on the results of a November 2021 actuarial experience study for the period 2016 to 2021. Further details of the Experience Study can be found on the Cal PERS website.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
68 NOTE 7 – PENSION PLANS (Continued)
B. Safety Police and Safety Fire Plans (Continued)
Pension Liabilities, Pension Expense and Deferred Outflows/Inflows of Resources Related to Pensions (Continued) Actuarial Assumptions
Changes of Assumptions - There were no assumption changes in 2023. Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was 7.15% for measurement dates June 30, 2017 through June 30, 2021, 7.65% for measurement dates June 30, 2015 through June 30, 2016, and 7.50% for measurement date June 30, 2014.

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

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

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations as well as the expected PERF cash flows. Using historical returns of all the funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equivalent to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
69 NOTE 7 – PENSION PLANS (Continued)
B. Safety Police and Safety Fire Plans (Continued)
Pension Liabilities, Pension Expense and Deferred Outflows/Inflows of Resources Related to Pensions (Continued) Discount Rate (Continued)
The expected real rates of return by asset class are as follows:

Asset Class (a) Assumed Asset Allocation Real Return Years 1-10(b) Global equity - cap-weighted 30.0% 4.54%
Global equity non-cap-weighted 12.0% 3.84%
Private Equity 13.0% 7.28%
Treasury 5.0% 0.27%
Mortage-backed Securities 5.0% 0.50%
Investment Grade Corporates 10.0% 1.56%
High Yield 5.0% 2.27%
Emerging Market Debt 5.0% 2.48%
Private Debt 5.0% 3.57%
Real Assets 15.0% 3.21%
Leverage -5.0% -0.59%
Total 100%
(a) An expected inflation of 2.30% used for this period (b) Figures are based on the 2021-22 Asset Liability Management Study Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents the City's proportionate share of the net pension liability for the Plan, calculated using the discount rate for the Plan, as well as what the City's proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:

Discount Rate -1% Current Discount Rate Discount Rate +1%

5.90% 6.90% 7.90%
$ 38,723,645 58,280,558 $ 22,734,476 $
Pension Plan Fiduciary Net Position
Detailed information about the Plan's fiduciary net position is available in the separately issued CalPERS financial reports.

Payable to the Pension Plan
The City did not have any outstanding contributions payable to the pension plan for the year ended June 30, 2024.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
70 NOTE 8 – SINGLE EMPLOYER DEFINED BENEFIT PENSION PLAN A. Overview of the Plan
Specific management employees were eligible to participate in the City’s Retirement Enhancement Plan (the Plan); however, entrance into the Plan is now closed. The Plan is administered through the Public Agency Retirement Services (PARS) and provides additional retirement benefits to eligible employees beyond those provided by the cost-sharing multiple-employer defined benefit pension plan. Eligibility requirements were based upon years of employment, date of hire, and date of birth, which meet the requirements of a pension trust under California Government Code. Additional information concerning this single-employer defined benefit pension plan can be obtained from the City’s Finance Director.

B. Benefits Provided
PARS provides service retirement benefits equal to the “2.7% at 55” plan factor, offset by the CalPERS “2.0% at 50” plan factor, for all years of City management service through July 1, 2012. Benefits under the Plan were frozen as of July 1, 2012. Benefits in payment status increase by 2% annually on the anniversary of the participant’s retirement date. The Plan does not provide a withdrawal, death, or disability benefit. Actuarial assumptions are based on CalPERS rates for Miscellaneous Public Agency “2.7% at 55” pension plans, assuming 20 years of service, with an increased retirement rate of 20% at age 55.

C. Contribution Description
The City makes contributions required as the employer. Employee members are not required to make contributions. The contribution requirements of the plan are established and may be amended by PARS. California Public Employees’ Retirement Law Section 20814(c) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for the Plan are determined annually on an actuarial basis as of June 30 by PARS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. Employer contributions to the plan are made in accordance with the contribution requirements determined by the actuarial valuation of the plan.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
71 NOTE 8 – SINGLE EMPLOYER DEFINED BENEFIT PENSION PLAN (Continued) D. Actuarial Methods and Assumptions Used to Determine Total Pension Liability The following actuarial methods and assumptions were used in the funding valuation:

Valuation Date June 30, 2024
Measurement Date June 30, 2024
Measurement Period July 1, 2023 - June 30, 2024
Reporting Date June 30, 2024
Actuarial Assumptions:

Valuation Timing Actuarially determined contribution rates are calculated as of June 30, two years prior to the end of the fiscal year in which the contributions are reported Actuarial Cost Method Entry-Age Normal
Amortization Method
Level percent or level dollar Level Dollar
Closed, open, or layered periods Closed
Amortization period at 06/30/2024 19 years
Amortization growth rate 0.00%
Asset Valuation Method
Smoothing period None
Recognition method None
Corridor None
Inflation 2.30%
Investment Rate of Return 6.50%
Salary Increases Consistent with rates used to value Miscellaneous Public Agency CalPERS Pension Plans (Entry Age 30)
Payroll Growth 2.80%
Cost of Living Adjustments 2.00%
Retirement Rates are based on CalPERS rate for 20 years of service retirement for Miscellaneous Public Agency "2.7% at age 55" Pension Plans, with an increased retirement rate of 20% at age 55 Turnover Consistent with the Non-Industrial rates used to value the CalPERS Miscellaneous Public Agency Pension Plans after June 30, 2021 Mortality Consistent with the Non-Industrial rates used to value the CalPERS Miscellaneous Public Agency Pension Plans after June 30, 2021 Disability Consistent with the Non-Industrial rates used to value the CalPERS Miscellaneous Public Agency Pension Plans after June 30, 2021 Maximum Benefits & Salary Salary limits under IRS Section 401(a)(17) apply. Limit is assumed to increase 2.30% per year Form of Payment Single Life Annuity
Discount Rate 6.50%
General Inflation 2.30%
Mortality Consistent with Non-Industrial rates used to value the CalPERS Miscellaneous Public Agency Pension Plans after June 30, 2021 E. Funded Status
Total Pension Liability 1,929,155 $
Plan Fiduciary Net Position 573,693
Net Pension Liability $ 1,355,462
Pension plan expense for the year $ (70,418)
F. Covered Employees
Active 3
Terminated vested & other inactive -
Retirees and beneficiaries 14
Total 17
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
72 NOTE 8 – SINGLE EMPLOYER DEFINED BENEFIT PENSION PLAN (Continued) G. Discount Rate
The discount rate used to measure the total pension liability was 6.50%, which is the long-term expected rate of return on pension plan investments. The best-estimated range for the long-term expected rate of return is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation. The capital market assumptions are per the actuary’s investment consulting practice as of June 30, 2024.

GASB 68 allows the use of a discount rate that is up to the expected long-term rate of return on the assets in the Trust set aside to pay benefits, if the plan sponsor makes regular contributions to the Trust such that the assets are not depleted at any point in the future. If the Plans' actuary determines that contributions are not sufficient to keep the Trust funded, a blend of the long-term rate of return and the yield or index rate for 20-year, tax-exempt municipal bonds will be used for the periods when the Trust funds are not sufficient to cover benefit payments. Based on this requirement, and with the approval of the plan sponsor, the discount rate used to measure the total pension liability is 6.50%.

Expected Expected
Target Arithmetic Geometric
Asset Class Index Allocation Rate of Return Rate of Return US Cash BAML 3-Month T-Bills 5.00% 0.94% 0.91%
US Core Fixed Income (Aggregate) Bloomberg Barclays Aggregate 33.50% 2.52% 2.36% US Short (1-3 Yr) Bonds Bloomberg US Govt/Credit 1-3 Yr 10.00% 1.65% 1.59% US High Yield Bonds ICE BofA US High Yield 1.50% 4.43% 3.87% US Large & Mid Cap Equity Russell 1000 26.50% 5.41% 3.74% US Mid Cap Equity Russell Mid Cap 5.00% 5.98% 3.90%
US Small Cap Equity Russell 2000 7.50% 6.99% 4.41%
Foreign Developed Equity MSCI EAFE NR USD 6.00% 6.92% 5.12% Emerging Markets Equity MSCI EM NR USD 3.25% 9.34% 6.21% US REITs FTSE Nareit All Equity REITs 1.75% 6.91% 4.72% Assumed Inflation - Mean 2.31% 2.30%
Assumed Inflation - Standard Deviation 1.45% 1.45%
Portfolio Real Mean Return 4.22% 3.70%
Portfolio Nominal Mean Return 6.53% 6.08%
Portfolio Standard Deviation 9.63%
Long-Term Expected Rate of Return 6.50%
H. Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the City’s Retirement Enhancement Plan, calculated using the discount rate as well as what the City’s net pension liability would be if it were calculated using a discount rate that is 1 percentage point lower or 1 percentage point higher than the current rate:

Discount Rate -1% Current Rate Discount Rate +1%

5.50% 6.50% 7.50%
Net Pension Liability 1,557,456 $ 1,355,462 $ 1,184,011 $ CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
73 NOTE 8 – SINGLE EMPLOYER DEFINED BENEFIT PENSION PLAN (Continued) I. Deferred Outflows/Inflows of Resources Related to Pensions The city reported deferred outflows of resources and deferred inflows of resources related to this pension plan from the following sources:

Deferred Deferred
Outflows Inflows
of Resources of Resources
Difference between expected and actual experience - $ (115,257) $ Changes of assumptions - -
Net difference between projected and actual earnings 8,204 - Contributions made subsequent to measurement date - -
Total $ (115,257) 8,204 $
Recognition of deferred outflows and inflows of resources in future pension expense is as follows:

Year Ending
June 30
2025 (113,036) $
2026 15,917
2027 (5,166)
2028 (4,768)
2029 -
Thereafter* -
Total (107,053) $
*Note that additional future deferred inflows and outflows of resources may impact these numbers J. Pension Plan Fiduciary Net Position
Detailed information about the Plan’s fiduciary net position is available in the separately issued PARS financial reports.

K. Payable to the Pension Plan
The city did not have any outstanding contributions payable to the pension plan as of June 30, 2024.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
74 NOTE 9 – RISK MANAGEMENT
The City is a member of the Central San Joaquin Valley Risk Management Authority (CSJVRMA). CSJVRMA is a consortium of fifty-four (54) cities in the San Joaquin Valley, California, established under the provisions of California Government Code Section 6500, et seq. CSJVRMA provides risk coverage for its members through the pooling of risks and purchased insurance. This coverage extends to workers' compensation and general liability. CSJVRMA is governed by a board consisting of one board member appointed by each member agency and meets three to four times a year. The board has contracted with a management group to supervise and conduct CSJVRMA affairs.

In the event of termination and after all claims have been settled, any excess or deficit will be divided among the agencies in accordance with an approved formula.

A. General Liability Insurance
Annual deposits are paid by member cities and are adjusted retrospectively to cover costs. Each member city self-insures through the CSJVRMA for the first $100,000 of each loss. However, this self-insurance retention is funded through annual contributions; therefore, the City effectively has no exposure except for specific limits as described herein. Participating cities then share in the next $100,000 to $1,000,000 per loss occurrence. Specific coverage includes comprehensive and general automotive liability, personal injury, errors and omissions, and certain other coverage.

Separate deposits are collected from the member cities to cover claims between $1,000,000 and $15,000,000. These deposits are also subject to retrospective adjustment.

B. Workers’ Compensation
The workers' compensation program includes pooling of retained losses plus excess insurance. Annual deposits are paid by member cities and are adjusted retrospectively on an annual basis to cover costs and reflect claims experience of both the individual member and the pool. The annual retrospective computation of the deposit is based on the member's own losses up to its retention level plus a pro-rata share of general/administrative expenses and losses between $100,000 and $500,000. The City has a retention level of $100,000, and all claims up to that level are paid by the City. However, this selfinsured retention is funded through annual contributions; therefore, the City effectively has no exposure except for specific limits described herein. Benefits from $100,000 to $500,000 are covered by the pool. Excess insurance covers claims from $500,000 up to the statutory benefits schedule under California Workers’ Compensation Law.

There have been no significant changes in insurance coverage as compared to last year, and settlements have not exceeded coverage in each of the past three fiscal years. The insurance claims payable at June 30, 2024, was $1,444,875.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
75 NOTE 10 – OTHER POST EMPLOYMENT BENEFITS
A. Plan Description
Plan Administration
The City provides a single-employer OPEB Plan to cover eligible retirees’ health care insurance and life insurance costs in accordance with a resolution approved by the City Council.

Benefits Provided
The benefits are provided in the form of:
• An explicit subsidy where the City contributes towards health contributions of those active employees and retirees hired before June 23, 1984.
• An explicit subsidy for OPEB life insurance benefits.

For employees hired before June 24, 1984, the City operates under an agreement to continue to provide health care insurance benefits to all employees who retire after the age of 50 and who have 10 years of service to the City. The retirees are required to pay the employee insurance contribution being charged at the time of their retirement and the City pays the excess of the cost over the amount of the contribution.

The employees' contribution rate is frozen for them; they will never have to pay a larger amount regardless of changes in the City's cost to provide the insurance. At June 30, 2023, members affected by this provision are as follows:

Active employees -
Retired employees 21
Total 21
In June 1984, in the City's annual memorandum of understanding with employee bargaining units, this agreement was amended for those hired after June 23, 1984: Employees hired after June 23, 1984, must be 55 years old and work 10 years to qualify for the benefits. In addition, for those employees who are hired after June 23, 1984, any increases in contributions after retirement must be borne by the retirees (their rates are not frozen); the City still pays the excess of the cost over the amount of the employees cost of the contribution. The City's obligation under the agreements continues until the death of the employee unless the employee chooses to discontinue the insurance.

Effective August 1, 2006, management employees with more than 20 years of service with the City and attaining age 50 are eligible to continue with the City's health insurance at the same rate as if they were 55.

Plan Membership
At June 30, 2023, Plan membership consisted of the following:

Inactive plan members or beneficiaries currently
receiving benefits payments 32
Active plan members 331
Total 363
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
76 NOTE 10 – OTHER POST EMPLOYMENT BENEFITS (Continued) B. Plan Description
Contributions
The contribution requirements of OPEB Plan members and the City are established and amended by the City Council. The required contribution is based on projected pay-as-you-go financing requirements. No assets are accumulated in a trust that meets the criteria in Paragraph 4 of GASB Statement No. 75.

C. Net OPEB Liability
The City's net OPEB liability was measured as of June 30, 2023, and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation as of June 30, 2023. Standard actuarial update procedures were used to project/discount from valuation to measurement dates.

Actuarial Assumptions
The total OPEB liability was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

Discount rate 3.86%
Inflation rate 2.50%
Salary increases 3.50%
Healthcare cost trend rate

6.00% for 2023; 5.50% for 2024; 5.25% for 2025-2029,

5.00% for 2030-2039, 4.75% for 2040-2049, 4.50% for 2050- 2069, and 4.00% for 2070 and later years; Medicare ages:

4.50% for 2023-2029 and 4.00% for 2030 and later years.

Pre-retirement/post-retirement
Mortality Pre-retirement Mortality Rates from CalPERS Experience Study (2000-2019); Post-retirement Mortality Rates for
Healthy Recipients from CalPERS Experience Study (2000- 2019)
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
77 NOTE 10 – OTHER POST EMPLOYMENT BENEFITS (Continued) C. Net OPEB Liability (Continued)
Actuarial assumptions used in the June 30, 2023 valuation were based on a review of plan experience during the period July 1, 2021 to June 30, 2023.

Discount Rate
GASB Statement No. 75 requires a discount rate that reflects the following:
a) The long-term expected rate of return on OPEB Plan investments - to the extent that the OPEB Plan's fiduciary net position (if any) is projected to be enough to make projected benefit payments and assets are expected to be invested using a strategy to achieve that return.
b) A yield or index rate for 20-year, tax-exempt general obligation municipal bonds with an average rating of AA/Aa or higher - to the extent that the conditions in (a) are not met.

To determine a resulting single (blended) rate, the amount of the OPEB Plan's projected fiduciary net position (if any) and the amount of projected benefit payments is compared in each period of projected benefit payments. The discount rate used to measure the City's total OPEB liability is based on these requirements and the following information:

Fidelity GO AA
Reporting Measurement 20-Year High Discount
Date Date Municipal Index Rate
June 30, 2023 June 30, 2022 3.69% 3.69%
June 30, 2024 June 30, 2023 3.86% 3.86%
Changes in the Net OPEB liability
The changes in the net OPEB liability for the OPEB Plan are as follows:

Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability(Asset)
Balance at June 30, 2022 2,440,021 $ - $ 2,440,021 $
Changes in the year:

Service cost 25,841 - 25,841 $
Interest 88,171 - 88,171
Contributions - employer - 154,221 (154,221)
Difference between expected
and actual experience (561,691) - (561,691)
Change of assumptions 11,487 - 11,487
Benefit payments (154,221) (154,221) -
Net Changes (590,413) - (590,413)
Balance at June 30, 2023 1,849,608 $ - $ 1,849,608 $
Increase (Decrease)
CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
78 NOTE 10 – OTHER POST EMPLOYMENT BENEFITS (Continued) C. Net OPEB Liability (Continued)
Sensitivity of the Net OPEB Liability to Changes in the Discount Rate The following presents the net OPEB liability, as well as what the net OPEB liability would be if it were calculated using a discount rate that is 1-percentage point lower (2.86 percent) or 1-percentage-point higher (4.86 percent) than the current discount rate:
1% Decrease Discount Rate 1% Increase

2.86% 3.86% 4.86%
Net OPEB Liability 2,045,889 $ 1,849,608 $ 1,681,549 $
Sensitivity of the Net OPEB Liability to Changes in the Healthcare Cost Trend Rates The following presents the net OPEB liability, as well as what the net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower (5.00 percent) or 1-percentage-point higher (7.00 percent) than the current healthcare cost trend rates:
1% Decrease Discount Rate 1% Increase

5.00% 6.00% 7.00%
Net OPEB Liability 1,613,447 $ 1,849,608 $ 2,131,305 $
OPEB Plan Fiduciary Net Position
Detailed information about the OPEB Plan's fiduciary net position is available in the separately issued CalPERS financial reports.

Recognition of Deferred Outflows and Deferred Inflows of Resources Gains and losses related to changes in total OPEB liability and fiduciary net position are recognized in OPEB expense systematically over time. Amounts are first recognized in OPEB expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB and are to be recognized in future OPEB expense.

OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB For the fiscal year ended June 30, 2024, the City recognized OPEB expense (credit) of $(116,073). As of the fiscal year ended June 30, 2024, the City reported deferred outflows of resources related to OPEB from the following sources:

Deferred Deferred
Outflows of Inflows of
Resources Resources
OPEB Contributions subsequent to measurement date 156,245 $ - $ Difference between expected and actual experience 113 1,066,696 Changes in assumptions or other inputs 288,383 541,840
Total 444,741 $ 1,608,536 $
The $156,245 reported as deferred outflows of resources related to contributions subsequent to the June 30, 2023 measurement date will be recognized as a reduction of the net OPEB liability during the fiscal year ending June 30, 2025.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
79 NOTE 10 – OTHER POST EMPLOYMENT BENEFITS (Continued) C. Net OPEB Liability (Continued)
OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB (Continued) Amounts reported as deferred outflows and deferred inflows of resources will be recognized in OPEB expense as follows:

Year Ending June 30:
2024 (230,086) $
2025 (230,086)
2026 (205,369)
2027 (178,598)
2028 (142,127)
Thereafter (333,774)
Total (1,320,040) $
NOTE 11 – LEASES
City as Lessor
The City leases its facilities to private and corporate entities and various users for office space, municipal facilities, and land leases. The lease terms range from five to thirty-five years, including the noncancelable period of the lease and extensions the City is reasonably certain to exercise and vary with each contract. Each contract either provides for an annual increase of 3% to the lease payments on the anniversary of the agreement or an increase in the line with the CPI.

During the fiscal year, the City recognized $38,762 as lease revenue which is the reduction in deferred inflows of resources, and $22,595 as interest income. At June 30, 2024, the balance of lease receivables was $324,055, and the balance of deferred inflows of resources was $225,107.

NOTE 12 – COMMITMENTS AND CONTINGENCIES
General Liability
Several claims and suits have been filed against the City in the normal course of business. In the opinion of management and the City Attorney, the potential liability of the City for such claims will not have a material adverse effect on the financial statements of the City. Also, the City has certain commitments under long-term construction projects which will be funded out of future revenues.

CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
80 NOTE 13 – FUND BALANCES
Fund balances are presented in the following categories: nonspendable, restricted, committed, assigned, and unassigned (see Note 1 for a description of these categories). A detailed schedule of fund balances at June 30, 2024, is as follows:

American Nonmajor Total
General Rescue Plan Governmental Governmental
Fund Balances Fund Act Fund Fund Fund
Nonspendable 9,178,861 $ - $ 35,000 $ 9,213,861 $
Total nonspendable 9,178,861 - 35,000 9,213,861
Restricted:

Public safety - police - - 11,921 11,921
Public safety - fire - - 122,159 122,159
Public works - street - - 12,227,354 12,227,354
Debt service - - 1,714,701 1,714,701
Capital projects 12,899,144 - - 12,899,144
Development services - - 28,946,605 28,946,605
Total restricted 12,899,144 - 43,022,740 55,921,884
Committed:

Capital projects - - 878,283 878,283
Total committed - - 878,283 878,283
Assigned:

Capital projects 9,008,600 - - 9,008,600
Total committed 9,008,600 - - 9,008,600
Unassigned 27,326,555 - (61,279) 27,265,276
Total unassigned 27,326,555 - (61,279) 27,265,276
Total fund balances 58,413,160 $ - $ 43,874,744 $ 102,287,904 $ CITY OF TULARE | JUNE 30, 2024
Notes to the Basic Financial Statements
81 NOTE 14 – DEFICIT FUND BALANCES/NET POSITION
The following funds contained a deficit fund balance as of June 30, 2024. Future revenues or transfers from other funds are expected to offset these deficits.

Governmental Funds:

Nonmajor Funds:

Auto Theft Deterrance 9,250 $
Proprietary Major Funds:

Development Services 2,018,670
Internal Service Funds:

General Insurance 3,812,244
Total $ 5,840,164
NOTE 15 – RESTATEMENT OF BEGINNING FUND BALANCES/NET POSITION During the year ended June 30, 2024, various adjustments to opening fund balances/net positions were identified and corrected. A summary of the prior period adjustments are noted below.

Proprietary Funds
Governmental
Activities
Business-type
Activities Transit
Development
Services Water Solid Waste Sewer Aviation
Nonmajor
Enterprise Funds
$ 210,030,010 223,906,500 $ 9,354,531 $ (2,331,731) $ 75,510,285 $ 7,886,033 $ 116,107,702 $ 3,220,315 $ - $ Error correction:

Understatement of capital assets 4,413,853 - - - - - - - - Understatement of net pension liability (286,914) (1,388,284) - - (93,890) (72,157) (120,867) - - Total error correction 3,025,569 (286,914) - - (93,890) (72,157) (120,867) - - Change from major to nonmajor fund - - (9,354,531) 2,331,731 - - - (3,220,315) 10,243,115 $ 209,743,096 226,932,069 $ - $ - $ 75,416,395 $ 7,813,876 $ 115,986,835 $ - $ 10,243,115 $ Fund balance/net position, June 30, 2023, as previously reported
Fund balance/net position, July 1, 2023, as restated
82 REQUIRED SUPPLEMENTARY INFORMATION
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Pension Plans – Agent Multiple Defined Benefit Pension Plan Schedule of Changes in Net Pension Liability and Related Ratios 83 Report Date - Fiscal Year Ended June 30
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Total Pension LiabilityService cost $ 2,817,366 2,839,631 $ 2,557,674 $ 2,509,174 $ 2,285,059 $ 2,285,059 $ 2,302,467 $ 1,881,617 $ 1,895,137 $ 2,020,696 $ Interest on total pension liability 9,748,281 10,324,925 9,565,778 9,221,043 8,338,921 8,338,921 8,001,199 7,819,665 7,433,900 7,176,661 Changes in benefit terms - 224,352 - - - - - - - -
Change of assumptions 4,158,654 - - - (886,564) (886,564) 6,473,120 - (1,775,482) - Differences - expected/actual experience (1,814,905) 3,238,725 (347,865) 465,723 729,871 729,871 (1,583,358) 562,943 (1,397,005) - Benefit payments, including refunds of employee contributions (7,400,125) (7,965,217) (6,809,319) (6,360,937) (6,209,260) (5,624,680) (5,205,114) (5,023,725) (4,661,365) (4,290,119) Net change in total pension liability 7,509,271 8,662,416 4,966,268 5,835,003 7,128,419 4,842,607 9,988,314 5,240,500 1,495,185 4,907,238 Total pension liability - beginning 141,227,055 148,736,326 136,260,787 130,425,784 123,297,365 118,454,758 108,466,444 103,225,944 101,730,759 96,823,521 Total pension liability - ending (a) $ 148,736,326 157,398,742 $ 141,227,055 $ 136,260,787 $ 130,425,784 $ 123,297,365 $ 118,454,758 $ 108,466,444 $ 103,225,944 $ 101,730,759 $ Plan Fiduciary Net PositionPlan to plan resource movement $ - - $ - $ - $ - $ (203) $ - $ - $ - $ - $ Contributions - employer 4,700,557 5,007,336 4,313,159 3,910,427 3,408,537 3,026,404 2,953,750 2,660,488 2,433,522 2,318,875 Contributions - employee 1,572,986 1,646,809 1,516,692 1,621,617 1,431,732 1,314,215 1,173,897 938,085 1,680,617 905,841 Net investment income (8,740,028) 6,585,677 21,676,108 4,626,622 5,746,746 6,978,602 8,340,246 417,640 (86,194) 11,296,380 Administration expenses (72,579) (78,367) (95,808) (130,038) (62,543) (128,722) (111,403) (46,628) - - Other miscellaneous income/(expense) - - - - - (244,445) - - - - Benefit payments, including refunds of - employee contributions (7,400,125) (7,965,217) (6,809,319) (6,360,937) (6,209,260) (5,624,680) (5,205,114) (5,023,725) (4,661,365) (4,290,119) Net change in plan fiduciary net position (9,939,189) 5,196,238 20,600,832 3,667,691 4,315,212 5,321,171 7,151,376 (1,054,140) 258,837 10,230,977 Plan fiduciary net position - beginning 116,510,330 106,571,141 95,909,498 92,241,807 87,926,595 82,605,424 75,454,048 76,508,188 76,249,351 66,018,374 Plan fiduciary net position - ending (b) $ 106,571,141 111,767,379 $ 116,510,330 $ 95,909,498 $ 92,241,807 $ 87,926,595 $ 82,605,424 $ 75,454,048 $ 76,508,188 $ 76,249,351 $ Net pension liability - ending (a) - (b) $ 42,165,185 45,631,363 $ 24,716,725 $ 40,351,289 $ 38,183,977 $ 35,370,770 $ 35,849,334 $ 33,012,396 $ 26,717,756 $ 25,481,408 $ Plan fiduciary net position as a percentage of the total pension liability 71.01% 71.65% 82.50% 70.39% 70.72% 71.31% 69.74% 69.56% 74.12% 74.95%Covered employee payroll $ 10,736,617 11,148,282 $ 10,448,740 $ 10,134,999 $ 9,287,900 $ 9,499,135 $ 11,261,890 $ 785,106 $ 10,614,682 $ 10,372,469 $ Net pension liability (asset) as percentage of
covered employee payroll 409.31% 392.72% 236.55% 398.14% 411.12% 372.36% 318.32% 4204.83% 251.71% 245.66%Notes to the ScheduleChanges in Assumptions - None Changes in Benefit Terms - The figures above generally include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the Valuation Date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Pension Plans – Agent Multiple Defined Benefit Pension Plan Schedule of Contributions
84 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Actuarially determined employer contributions $ 5,007,336 5,088,377 $ 4,700,556 $ 3,103,795 $ 3,908,531 $ 3,374,661 $ 3,007,436 $ 2,950,052 $ 2,663,687 $ 2,416,465 $ Actual employer contributions 5,088,377 5,007,336 4,700,556 3,103,795 3,908,531 3,374,661 3,007,436 2,950,052 2,663,687 2,416,465 Contribution excess (deficiency) $ - - $ - $ - $ - $ - $ - $ - $ - $ - $ Covered payroll $ 11,148,282 12,398,029 $ 10,736,617 $ 10,448,740 $ 10,134,999 $ 9,287,900 $ 9,499,135 $ 11,261,890 $ 10,756,983 $ 10,614,682 $ Contributions as a percentage of covered-employee payroll 41.04% 44.92% 43.78% 29.70% 38.56% 36.33% 31.66% 26.19% 24.76% 22.77% CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Pension Plans – Cost Sharing Multiple Employer Defined Benefit Pension Plan Schedule of the City’s Proportionate Share of the Net Pension Liability 85 Measurement Date - Fiscal Year Ended June 30
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Proportion of the net pension liability 51.8000% 0.5111% 0.4746% 0.4432% 0.4249% 0.4125% 0.4168% 0.4316% 0.4443% 0.4487%Proportionate share of the net pension liability 38,723,645 $ 35,120,688 $ 16,655,139 $ 29,527,370 $ 26,521,847 $ 24,205,123 $ 24,905,736 $ 22,352,131 $ 18,307,442 $ 16,966,410 $ Covered payroll 9,526,970 $ 8,633,379 $ 8,637,146 $ 8,384,958 $ 8,017,645 $ 8,887,143 $ 9,255,346 $ 8,848,988 $ 9,091,762 $ 8,626,208 $ Proportionate share of the net pension liability as a percentage of covered payroll 406.46% 406.80% 192.83% 352.15% 330.79% 272.36% 269.10% 252.60% 201.36% 196.68%Plan fiduciary net pension as a percentage of the total pension liability 72.84% 73.61% 86.37% 74.61% 75.79% 75.93% 73.62% 73.74% 77.09% 77.86%Notes to the ScheduleChanges in Benefit Terms - None Changes in Benefit Terms - None
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Pension Plans – Cost Sharing Multiple Employer Defined Benefit Pension Plan Schedule of Contributions
86 Report Date - Fiscal Year Ended June 30
2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Actuarially required contribution (actuarially determined) 4,547,187 $ 4,294,568 $ 3,844,348 $ 3,537,773 $ 3,151,438 $ 2,701,815 $ 2,549,074 $ 3,368,410 $ 3,071,894 $ 3,136,890 $ Contributions in relation to the actuarially determined contributions 4,547,187 4,294,568 3,844,348 3,537,773 3,151,438 2,701,815 2,549,074 3,368,410 3,071,894 3,136,890 Contribution deficiency (excess) - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Covered payroll 10,303,153 $ 9,526,970 $ 8,633,379 $ 8,637,146 $ 8,384,958 $ 8,017,645 $ 8,887,143 $ 9,255,346 $ 8,848,988 $ 9,091,762 $ Contributions as a percentage of covered payroll 44.13% 45.08% 44.53% 40.96% 37.58% 33.70% 28.68% 36.39% 34.71% 34.50% CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Pension Plans – Single Employer Defined Benefit Pension Plan Schedule of Changes in Net Pension Liability and Related Ratios 87 Report Date - Fiscal Year Ended June 30
2024 2023 2022 2021 2020 2019 2018 2017
Total Pension LiabilityService cost $ 6,167 6,340 $ 14,048 $ 13,665 $ 14,452 $ 14,065 $ 21,938 $ 21,938 $ Interest on total pension liability 139,436 140,511 134,962 133,885 132,640 123,881 131,533 128,178 Effect of plan changes - - - - - - - -
Effect of economic/demographic gains or losses - (307,352) 59,642 - - 7,608 - - Effect of assumption changes or inputs - - - - (854) 114,451 - - Benefits payments (129,134) (129,371) (134,650) (128,193) (124,476) (126,739) (110,914) (112,985) Net change in total pension liability 16,469 (289,872) 74,002 19,357 21,762 133,266 42,557 37,131 Total pension liability - beginning 2,219,027 2,202,558 2,128,556 2,109,199 2,087,437 1,954,171 1,911,614 1,874,483 Total pension liability - ending (a) $ 1,929,155 2,219,027 $ 2,202,558 $ 2,128,556 $ 2,109,199 $ 2,087,437 $ 1,954,171 $ 1,911,614 $ Fiduciary Net PositionEmployer contributions $ 138,675 142,265 $ 130,098 $ 120,486 $ 121,729 $ 100,000 $ 106,229 $ 94,272 $ Member contributions - - - - - - - -
Net investment income 32,559 57,087 (70,235) 97,857 13,801 26,570 25,654 40,110 Benefit payments (129,134) (129,371) (134,650) (128,193) (124,476) (126,739) (110,914) (112,985) Administration expenses (2,816) (2,552) (2,820) (2,651) (2,389) (2,316) (2,352) (2,229) Net Change in plan fiduciary net position 39,548 67,165 (77,607) 87,499 8,665 (2,485) 18,617 19,168 Plan fiduciary net position - beginning 506,528 466,980 544,587 457,088 448,423 450,908 432,291 413,123 Plan fiduciary net position - ending (b) $ 573,693 506,528 $ 466,980 $ 544,587 $ 457,088 $ 448,423 $ 450,908 $ 432,291 $ Net pension liability (asset) - ending (a) - (b) $ 1,355,462 1,712,499 $ 1,735,578 $ 1,583,969 $ 1,652,111 $ 1,639,014 $ 1,503,263 $ 1,479,323 $ Plan fiduciary net position as a percentage of the total pension liability 29.74% 22.83% 21.20% 25.58% 21.67% 21.48% 23.07% 22.61%Covered payroll $ 4,471,415 4,761,068 $ 4,349,625 $ 4,188,486 $ 4,074,403 $ 4,211,300 $ 3,832,018 $ 3,720,406 $ Net pension liability (asset) as percentage of covered employee payroll 28.47% 38.30% 39.90% 37.82% 40.55% 38.92% 39.23% 39.76%*This schedule is presented to illustrate the requirement to show information for 10 years. However, recalculations of prior years are not required , and if prior years are not reported in accordance with the current GASB standards, they should not be reported CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Pension Plans – Single Employer Defined Benefit Pension Plan Schedule of Contributions
88 Report Date - Fiscal Year Ended June 30
2024 2023 2022 2021 2020 2019 2018 2017
Actuarially required contribution (actuarially determined) 169,471 $ 163,075 $ 163,075 $ 154,905 $ 154,905 $ 167,222 $ 151,627 $ 94,272 $ Contributions in relation to the actuarially determined contributions 142,265 138,675 130,098 120,486 121,729 100,000 106,229 94,272 Contribution deficiency (excess) 27,206 $ 24,400 $ 32,977 $ 34,419 $ 33,176 $ 67,222 $ 45,398 $ - $ Covered payroll 4,761,068 $ 4,471,415 $ 4,349,625 $ 4,188,486 $ 4,074,403 $ 4,211,300 $ 3,832,018 $ 3,720,406 $ Contributions as a percentage of covered payroll 2.99% 3.10% 2.99% 2.88% 2.99% 2.37% 2.77% 2.53%*This schedule is presented to illustrate the requirement to show information for 10 years. However, recalculations of prior years are not required , and if prior years are not reported in accordance with the current GASB standards, they should not be reported CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Pension Plans – Retiree Healthcare Plan (OPEB)
Schedule of Changes in the Net Other Post Employment Benefits (OPEB) Liability and Related Ratios 89 2024 2023 2022 2021 2020 2019 20182023 2022 2021 2020 2019 2018 2017 Total OPEB LiabilityService cost $ 6,230 25,841 $ 18,574 $ 615 $ 572 $ 524 $ 508 $ Interest 59,163 88,171 81,505 97,955 139,688 130,720 134,199Change of benefit terms - - - - - - - Differences - expected/actual experience - (561,691) (423,590) - (677,736) 443 - Change of assumptions (622,524) 11,487 243,916 232,088 (18,841) (222,884) - Benefit payments (155,295) (154,221) (151,322) (151,322) (194,036) (259,572) (259,568) Net change in total OPEB liability (712,426) (590,413) (230,917) 179,336 (750,353) (350,769) (124,861) Total OPEB liability - beginning (a) 2,440,020 3,152,446 3,383,363 3,204,027 3,954,380 4,305,149 4,430,010 Total OPEB liability - ending (b) $ 1,849,607 2,440,020 $ 3,152,446 $ 3,383,363 $ 3,204,027 $ 3,954,380 $ 4,305,149 $ Plan Fiduciary New PositionContributions - employer $ 155,295 154,221 $ 151,322 $ 194,036 $ 194,036 $ 259,572 $ 259,568 $ Net investment income - - - - - - -
Benefit payments (155,295) (154,221) (151,322) (194,036) (194,036) (259,572) (259,568) Trustee fees - - - - - - -
Administration expense - - - - - - -
Net change in plan fiduciary net position - - - - - - - Plan fiduciary net position - beginning (c) - - - - - - - Plan fiduciary net position - ending (d) $ - - $ - $ - $ - $ - $ - $ Net OPEB liability - beginning (a) - (c) $ 2,440,020 3,152,446 $ 3,383,363 $ 3,204,027 $ 3,954,380 $ 4,305,149 $ 4,430,010 $ Net OPEB liability - ending (b) - (d) $ 1,849,607 2,440,020 $ 3,152,446 $ 3,383,363 $ 3,204,027 $ 3,954,380 $ 4,305,149 $ Covered employee payroll 32,571,855 $ 30,575,472 $ 27,781,007 $ 26,850,953 $ 26,066,514 $ 25,391,445 $ 23,580,458 $ Net OPEB liability as percentage of covered employee payroll 5.68% 7.98% 11.35% 12.60% 12.29% 15.57% 18.26%Plan fiduciary net position as a percentage of the total OPEB liability 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%*Fiscal year 2017-2018 was the first year of implementation, therefore, only six fiscal years are shown.Notes to the ScheduleThe OPEB schedule presented relates solely to the City. No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other than Pensions.For Reporting at Fiscal Year Ended June 30:Measurement Date -- Fiscal Year Ended June 30:

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Pension Plans – Retiree Healthcare Plan (OPEB)
Schedule of Other Postemployment Benefits Contributions 90 2024 2023 2022 2021 2020 2019 2018
Actuarially Determined Contribution (ADC) 154,221 $ 155,295 $ 151,322 $ 194,036 $ 194,036 $ 259,572 $ 259,568 $ Contributions in relation to the ADC 154,221 155,295 151,322 194,036 194,036 259,572 259,568 Contribution deficiency (excess) - $ - $ - $ - $ - $ - $ - $ Covered-employee payroll 32,571,855 $ 30,575,472 $ 27,781,007 $ 26,850,953 $ 26,066,514 $ 25,391,445 $ 23,580,458 $ Contributions as a percentage of covered-employee payroll 0.47% 0.51% 0.54% 0.72% 0.74% 1.02% 1.10% *Fiscal year 2017-2018 was the first year of implementation, therefore, only six fiscal years are shown.

For Reporting at Fiscal Year Ended June 30:

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual General Fund (GAAP Basis)
91 Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Taxes $ 48,936,267 48,936,267 $ 51,858,386 $ 2,922,119 $ Intergovernmental 2,942,817 2,942,817 5,462,193 2,519,376 Licenses and permits 1,475,881 1,475,881 1,427,001 (48,880) Charges for services 7,178,939 7,178,939 7,924,941 746,002 Fines and forfeitures 82,000 82,000 29,564 (52,436)
Use of money and property 177,500 177,500 1,597,366 1,419,866 Interest and rentals 133,750 133,750 162,833 29,083
Other 1,129,800 1,129,800 2,123,844 994,044
Total revenues 62,056,954 62,056,954 70,586,128 8,529,174

EXPENDITURES
Current:

General government 13,126,712 7,868,372 7,598,537 5,528,175 Public safety 31,113,847 30,772,223 35,050,842 (3,936,995) Public works 2,733,730 2,733,730 2,732,115 1,615
Community development 233,150 233,150 217,524 15,626
Community services 7,036,139 6,852,839 7,860,151 (824,012) Library and cultural 1,586,923 1,586,923 1,677,253 (90,330) Capital outlay 67,734,486 14,876,150 22,875,159 44,859,327 Debt service:

Principal 1,428,139 54,320 1,507,020 (78,881)
Interest and fiscal charges 495,113 - 534,834 (39,721)
Total expenditures 64,977,707 125,488,238 80,053,435 45,434,803 Excess (deficiency) of revenues
over (under) expenditures (63,431,284) (2,920,753) (9,467,307) 53,963,977

OTHER FINANCING SOURCES (USES)
Transfers in 36,530,196 24,234,746 8,739,625 (27,790,571) Transfers out (16,930,259) (5,161,553) (4,720,174) 12,210,085 Proceeds on debt issuance - - 33,448 33,448
Sale of capital assets - - 2,250 2,250
Total other financing sources (uses) 19,073,193 19,599,937 4,055,149 (15,544,788) Net change in fund balance $ (43,831,347) 16,152,440 $ (5,412,158) 38,419,189 $ Fund balance - beginning 63,825,318
Fund balance - ending 58,413,160 $
CITY OF TULARE| FOR THE YEAR ENDED JUNE 30, 2024
Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual American Rescue Plan Act Fund
92 Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Intergovernmental $ - - $ 3,009,725 $ 3,009,725 $
Use of money and property - - 356,286 356,286
Total revenues - - 3,366,011 3,366,011

EXPENDITURES
Current:

General government 100,000 100,000 38,973 61,027
Capital outlay 10,198,581 10,683,895 2,970,753 7,713,142 Total expenditures 10,298,581 10,783,895 3,009,726 7,774,169 Excess (deficiency) of revenues
over (under) expenditures (10,783,895) (10,298,581) 356,285 11,140,180 Fund balance - beginning (356,285)
Fund balance - ending - $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Notes to the Required Supplementary Information
93 NOTE 1 – BUDGETARY DATA
The procedures established by the City Council in adopting the budgetary data reflected in the financial statements are as follows:

On or before the second meeting in May, the City Manager submits to the City Council a proposed operating and capital projects budget for the fiscal year commencing the following July 1st. Following publication and public hearings, the budget is legally enacted by resolution.

The City Manager is authorized to transfer funds appropriated with respect to all classifications within the same department. The City Manager may transfer appropriated funds from any classification within other expenditure categories to existing capital outlay and capital projects classifications within the same department only; however, any revisions that alter the total expenditures of any department or create additional projects must be approved by the City Council.

Supplemental budgetary appropriations were negligible for the year ended June 30, 2024. All unencumbered appropriations lapse at year-end.

For budgeting purposes, the General Fund is composed of several departments while all other budgeted funds are considered a single department. Revenues are budgeted on a line-item basis. A comparison of budgeted and actual revenues by line item would be too voluminous for this report.

Budgets for the General, Special Revenue, and Debt Service Funds are presented on a basis consistent with accounting principles generally accepted in the United States of America. No budgets are adopted for the Proprietary and Fiduciary Fund types. Budgetary comparison schedules are presented for all required funds with legally adopted budgets.

Budgeted amounts are as originally adopted or as amended by the City Council.

NOTE 2 – EXCESS EXPENDITURES OVER APPROPRIATIONS
The City incurred expenditures in excess of appropriations in the following amounts for the year ended June 30, 2024:

Budget Actual Variance
General Fund:

Current:

Public safety $ 35,050,842 31,113,847 $ (3,936,995) $
Community services 7,860,151 7,036,139 (824,012)
Library and cultural 1,677,253 1,586,923 (90,330)
Debt service:

Principal 1,507,020 1,428,139 (78,881)
Interest and fiscal charges 534,834 495,113 (39,721)
Appropriations Category
94 COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES 95 NONMAJOR SPECIAL REVENUE FUNDS
Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specific purposes.

The Senior Services Fund accounts for receipts of funds from various sources and expenditures to provide meals to senior citizens.

The Encampment Resolution Grant Fund accounts for receipts of funds from various sources and expenditures aimed at addressing and resolving issues related to homeless encampments.

The Housing Redevelopment CDBG Fund accounts for capital projects relating to the low- and moderate-income housing program.

The Gas Tax Fund accounts for receipts and expenditures of money apportioned under Streets and Highway Code Sections 2105, 2106, 2107, and 2107.5 of the State of California.

The Traffic Safety Fund accounts for vehicle code fund revenues and expenditures for traffic safety purposes.

The Citizens Option for Public Safety (COPS) - State Grant Fund accounts for the City's allocation of the State of California COPS program established by Assembly Bill (AB) 3229.

Local Law Enforcement Block Grant Fund accounts for Federal funds received from the U.S. Department of Justice for the purpose of reducing crime and improving public safety.

The Measure R Fund accounts for the City’s share of the county-wide ½ cent sales tax for various street projects.

The Landscape and Lighting Fund accounts for revenues from assessments collected under the 1972 Landscape and Lighting Act and expenditures for maintenance of landscaping in the special assessment districts.

The Office of Traffic and Safety (OTS) Grant Fund accounts for Federal revenues for the comprehensive traffic safety program.

The Auto Theft Deterrence Fund accounts for State revenues for the suppression of auto theft.

The Police Forfeiture Fund accounts for State and Federal revenues for narcotic suppression activities.

The Vehicle Abatement Fund accounts for State and Federal revenues for the abatement of abandoned vehicles. 96 The Public Mitigation Grant Fund accounts for receipts of funds from various sources, including federal, state, and local grants, and expenditures focused on enhancing public services and infrastructure.

Rental Rehabilitation Fund accounts for financial assistance to pay for mandatory repairs to self-contained units occupied by low-income tenants.

The HOME Investment Partnerships (HOME) Program Fund manages the financial activities associated with the HOME Program, a grant program administered by the U.S. Department of Housing and Urban Development (HUD). The program is designed to support state and local governments in their efforts to expand the availability of affordable housing for lowincome households. The fund documents the receipt and distribution of HOME grant funds to facilitate the development, acquisition, and rehabilitation of affordable housing projects within the community.

The Developer Impact Fees Fund accounts for fees collected from developers to cover the anticipated costs of improvements that will be necessary as a result of the impact the development has on the City.

CITY OF TULARE | JUNE 30, 2024
Nonmajor Governmental Funds
Combining Balance Sheet
97 Total Nonmajor
Special Capital Capital Governmental
Revenue Funds Projects Fund Projects Fund Funds
ASSETS
Cash and investments $ 878,754 43,521,020 $ 463,343 $ 44,863,117 $ Cash and investments with fiscal agent - - 1,254,858 1,254,858 Receivables:

Accounts - 8,899 - 8,899
Interest - 916,333 - 916,333
Taxes - 945,332 - 945,332
Intergovernmental - 222,116 - 222,116
Loans - 9,554,506 - 9,554,506
Notes - 759,458 - 759,458
Land held for resale - 35,000 - 35,000
Total assets $ 878,754 55,962,664 $ 1,718,201 $ 58,559,619 $

LIABILITIES
Accounts payable and accrued liabilities $ 471 672,627 $ 3,500 $ 676,598 $ Due to other funds - 942,046 - 942,046
Unearned revenue - other 2,760,092 - - 2,760,092
Total liabilities 4,374,765 471 3,500 4,378,736

DEFERRED INFLOWS OF RESOURCES
Deferred loans 10,306,139 - - 10,306,139
Total deferred inflows of resources 10,306,139 - - 10,306,139

FUND BALANCES (DEFICITS)
Nonspendable - 35,000 - 35,000
Restricted - 41,308,039 1,714,701 43,022,740
Committed 878,283 - - 878,283
Unassigned (61,279) - - (61,279)
Total fund balances (deficits) 41,281,760 878,283 1,714,701 43,874,744 Total liabilities, deferred inflows of resources,
and fund balances (deficits) $ 878,754 55,962,664 $ 1,718,201 $ 58,559,619 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 98 Total Nonmajor
Special Capital Debt Governmental
Revenue Funds Projects Fund Service Fund Funds

REVENUES
Taxes $ - 5,358,335 $ - $ 5,358,335 $
Intergovernmental - 4,282,976 - 4,282,976
Charges for services - 8,327,107 - 8,327,107
Donations - 47,480 - 47,480
Fines and forfeitures - 79,014 - 79,014
Use of money and property - 1,527,905 71,493 1,599,398
Loan repayments - 32,374 - 32,374
Assessments - 1,301,136 - 1,301,136
Other - 1,029 - 1,029
Total revenues 20,957,356 - 71,493 21,028,849

EXPENDITURES
Current:

Intergovernmental - - 4,325 4,325
Public safety - 268,509 - 268,509
Community development 108,483 3,801,103 - 3,909,586
Community services - 1,756,378 - 1,756,378
Debt service:

Principal - - 1,285,000 1,285,000
Interest and fiscal charges - - 940,000 940,000
Total expenditures 5,825,990 108,483 2,229,325 8,163,798 Excess (deficiency) of revenues
over (under) expenditures 15,131,366 (108,483) (2,157,832) 12,865,051 Other financing sources (uses):

Transfers in 127,810 434,920 1,100,000 1,662,730
Transfers out - (13,157,749) - (13,157,749)
Total other financing sources (uses) 127,810 (12,722,829) 1,100,000 (11,495,019) Net change in fund balance 2,408,537 19,327 (1,057,832) 1,370,032 Fund balances (deficits) - beginning,
as previously presented 4,929,358 858,956 - 5,788,314
Change within financial reporting entity (major to
nonmajor fund) - 33,943,865 2,772,533 36,716,398
Fund balances (deficits) - beginning, restated 38,873,223 858,956 2,772,533 42,504,712 Fund balances (deficits) - ending $ 878,283 41,281,760 $ 1,714,701 $ 43,874,744 $ CITY OF TULARE | JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Balance Sheet
99 Housing Local Law
Senior Encampment Redevelopment Gas Traffic COPS - Enforcement Measure R Services Resolution Grant CDBG Tax Safety State Grant Block Grant Fund

REVENUES
Taxes $ - - $ - $ 3,810,018 $ - $ - $ - $ 1,497,608 $
Intergovernmental 3,179,733 439,563 450,697 - - 179,699 - - Charges for services - 5,018 - - - - - -
Donations - 47,480 - - - - - -
Fines and forfeitures - - - - 72,980 - - -
Use of money and property - - - 176,946 1,705 6,458 - 197,848 Loan repayments - - - - - - - -
Assessments - - - - - - - -
Other - - - - - - - -
Total revenues 3,179,733 492,061 450,697 3,986,964 74,685 186,157 - 1,695,456

EXPENDITURES
Current:

Public safety - - - - - 186,207 21,904 -
Community development 3,179,733 - 557,604 - - - - -
Community services - 926,984 - - - - - -
Capital outlay - - - - - - - -
Total expenditures 3,179,733 926,984 557,604 - - 186,207 21,904 - Excess (deficiency) of revenues
over (under) expenditures - (434,923) (106,907) 3,986,964 74,685 (50) (21,904) 1,695,456 Other financing (uses):

Transfers in - 434,920 - - - - - -
Transfers out - - - (715,431) (74,685) - - (470,852)
Total other financing sources - 434,920 - (715,431) (74,685) - - (470,852) Net change in fund balance - (3) (106,907) 3,271,533 - (50) (21,904) 1,224,604 Fund balances (deficits) - beginning,
as previously presented - 3 543,990 2,687,882 1 52 (30,125) - Change within financial reporting entity (major to
nonmajor fund) - - - - - - - 5,043,335
Fund balances (deficits) - beginning, restated 3 - 543,990 2,687,882 1 52 (30,125) 5,043,335 Fund balances (deficits) - ending $ - - $ 437,083 $ 5,959,415 $ 1 $ 2 $ (52,029) $ 6,267,939 $ CITY OF TULARE | JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Balance Sheet (Continued)
100
Landscape Office of Traffic Auto Public
and and Safety Theft Police Vehicle Mitigation Rental HOME Developer Lighting Grant Deterrence Forfeiture Abatement Grant Rehabilitation Program Fund Impact Fees Total ASSETS
Cash and investments $ - 2,169,559 $ 3,220 $ 47,145 $ 122,961 $ - $ 3,146 $ 365,297 $ 26,272,872 $ 43,521,020 $ Receivables:

Accounts - - - - - - 320 - 2,908 8,899
Interest - 6,492 10 141 368 - 9 750,176 113,127 916,333 Taxes - - - - - - - - - 945,332
Intergovernmental - 8,366 - - - - - 20,356 - 222,116
Loans - - - - - - 1,090,995 7,991,786 - 9,554,506
Notes - - - - - - - - - 759,458
Land held for resale - - - - - - - - - 35,000
Total assets $ - 2,184,417 $ 3,230 $ 47,286 $ 123,329 $ - $ 1,094,470 $ 9,127,615 $ 26,388,907 $ 55,962,664 $

LIABILITIES
Accounts payable and accrued liabilities $ - 28,802 $ 12,480 $ - $ 1,170 $ - $ 2,113 $ 10,269 $ - $ 672,627 $ Due to other funds - - - - - - - - - 942,046
Unearned revenue - other - - - 35,368 - - 1,362 376,477 - 2,760,092 Total liabilities - 28,802 12,480 35,368 1,170 - 3,475 386,746 - 4,374,765

DEFERRED INFLOWS OF RESOURCES
Deferred Loans - - - - - - 1,090,995 8,740,869 - 10,306,139 Total deferred inflows of resources - - - - - - 1,090,995 8,740,869 - 10,306,139

FUND BALANCES (DEFICITS)
Nonspendable - - - - - - - - - 35,000
Restricted - 2,155,615 - 11,918 122,159 - - - 26,388,907 41,308,039 Unassigned - - (9,250) - - - - - - (61,279)
Total fund balances (deficits) 2,155,615 - (9,250) 11,918 122,159 - - - 26,388,907 41,281,760 Total liabilities, deferred inflows of resources,
and fund balances (deficits) $ - 2,184,417 $ 3,230 $ 47,286 $ 123,329 $ - $ 1,094,470 $ 9,127,615 $ 26,388,907 $ 55,962,664 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 101
Housing Local Law
Senior Encampment Redevelopment Gas Traffic COPS - Enforcement Measure R Services Resolution Grant CDBG Tax Safety State Grant Block Grant Fund

EXPENDITURES
Current:

Transfers in - 434,920 - - - - - -
Transfers out - - - (715,431) (74,685) - - (470,852)
Total other financing sources - 434,920 - (715,431) (74,685) - - (470,852) Net change in fund balance - (3) (106,907) 3,271,533 - (50) (21,904) 1,224,604 Fund balances (deficits) - beginning,
as previously presented - 3 543,990 2,687,882 1 52 (30,125) - Change within financial reporting entity (major to
nonmajor fund) - - - - - - - 5,043,335
Fund balances (deficits) - beginning, restated 3 - 543,990 2,687,882 1 52 (30,125) 5,043,335 Fund balances (deficits) - ending $ - - $ 437,083 $ 5,959,415 $ 1 $ 2 $ (52,029) $ 6,267,939 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances (Continued) 102
Landscape Office of Traffic Auto Public
and and Safety Theft Police Vehicle Mitigation Rental HOME Developer Lighting Grant Deterrance Forfeiture Abatement Grant Rehabilitation Program Fund Impact Fees Total

REVENUES
Taxes $ - - $ - $ - $ 50,709 $ - $ - $ - $ - $ 5,358,335 $ Intergovernmental - - - - - - - 33,284 - 4,282,976
Charges for services - - 12,480 - - - - - 8,309,609 8,327,107 Donations - - - - - - - - - 47,480
Fines and forfeitures 6,034 - - - - - - - - 79,014
Use of money and property 113 70,807 89 1,619 4,139 - 94 (2,635) 1,070,722 1,527,905 Loan repayments - - - - - - - 32,374 - 32,374
Assessments - 1,301,136 - - - - - - - 1,301,136
Other - - - 70 - - 959 - - 1,029
Total revenues 6,147 1,371,943 12,569 1,689 54,848 - 1,053 63,023 9,380,331 20,957,356

EXPENDITURES
Current:

Public safety - - 12,480 - 47,912 6 - - - 268,509
Community development - - - - - - 1,053 62,713 - 3,801,103 Community services 1,630 827,764 - - - - - - - 1,756,378 Capital outlay - - - - - - - - - -
Total expenditures 1,630 827,764 12,480 - 47,912 6 1,053 62,713 - 5,825,990 Excess (deficiency) of revenues
over (under) expenditures 4,517 544,179 89 1,689 6,936 (6) - 310 9,380,331 15,131,366 Other financing (uses):

Transfers in - - - - - - - - - 434,920
Transfers out (4,517) - - - - - - - (11,892,264) (13,157,749) Total other financing sources (4,517) - - - - - - - (11,892,264) (12,722,829) Net change in fund balance - 544,179 89 1,689 6,936 (6) - 310 (2,511,933) 2,408,537 Fund balances (deficits) - beginning,
as previously presented - 1,611,436 (9,339) 10,229 115,223 6 - - - 4,929,358 Change within financial reporting entity (major to
nonmajor fund) - - - - - - - (310) 28,900,840 33,943,865 Fund balances (deficits) - beginning, restated 1,611,436 - (9,339) 10,229 115,223 6 - (310) 28,900,840 38,873,223 Fund balances (deficits) - ending $ 2,155,615 - $ (9,250) $ 11,918 $ 122,159 $ - $ - $ - $ 26,388,907 $ 41,281,760 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Senior Services Fund
103
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Intergovernmental $ 463,400 280,000 $ 439,563 $ (23,837) $ Other - - - -
Total revenues 463,400 280,000 439,563 (23,837)

EXPENDITURES
Current:

Community services 985,595 716,771 926,984 58,611
Total expenditures 985,595 716,771 926,984 58,611
Excess (deficiency) of revenues
over (under) expenditures (522,195) (436,771) (487,421) 34,774

OTHER FINANCING SOURCES (USES)
Transfers in 357,751 357,751 434,920 77,169
Total other financing sources 357,751 357,751 434,920 77,169 Net change in fund balance $ (164,444) (79,020) $ (52,501) 111,943 $ Fund balance (deficit) - beginning 3
Fund balance (deficit) - ending (52,498) $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Encampment Resolution Grant Fund
104
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Intergovernmental $ 4,822,586 5,235,324 $ 3,179,733 $ (2,055,591) $ Total revenues 5,235,324 4,822,586 3,179,733 (2,055,591)

EXPENDITURES
Current:

Community development 4,677,718 2,201,909 3,179,733 1,497,985 Total expenditures 4,677,718 2,201,909 3,179,733 1,497,985 Excess (deficiency) of revenues
over (under) expenditures $ 2,620,677 557,606 $ - (557,606) $ Fund balance (deficit) - beginning -
Fund balance (deficit) - ending - $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Housing Redevelopment CDBG Fund
105
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Intergovernmental $ 759,421 827,504 $ 450,697 $ (376,807) $ Total revenues 827,504 759,421 450,697 (376,807)

EXPENDITURES
Current:

Community development 379,783 274,691 557,604 (177,821) Total expenditures 379,783 274,691 557,604 (177,821)
Excess (deficiency) of revenues
over (under) expenditures $ 447,721 484,730 $ (106,907) (554,628) $ Fund balance (deficit) - beginning 543,990
Fund balance (deficit) - ending 437,083 $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Gas Tax Fund
106
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Taxes $ 3,532,197 3,532,197 $ 3,810,018 $ 277,821 $
Use of money and property 20,000 20,000 176,946 156,946 Total revenues 3,552,197 3,552,197 3,986,964 434,767

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues
over (under) expenditures 3,552,197 3,552,197 3,986,964 434,767

OTHER FINANCING SOURCES (USES)
Transfers out (7,379,135) (4,931,375) (715,431) 6,663,704 Total other financing sources (7,379,135) (4,931,375) (715,431) 6,663,704 Net change in fund balance $ (3,826,938) (1,379,178) $ 3,271,533 7,098,471 $ Fund balance (deficit) - beginning 2,687,882
Fund balance (deficit) - ending 5,959,415 $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Traffic Safety Fund
107
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Fines and forfeitures $ 60,000 60,000 $ 72,980 $ 12,980 $ Use of money and property 100 100 1,705 1,605
Total revenues 60,100 60,100 74,685 14,585

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues
over (under) expenditures 60,100 60,100 74,685 14,585

OTHER FINANCING SOURCES (USES)
Transfers out (50,000) (50,000) (74,685) (24,685)
Total other financing sources (50,000) (50,000) (74,685) (24,685) Net change in fund balance $ 10,100 10,100 $ - (10,100) $ Fund balance (deficit) - beginning 1
Fund balance (deficit) - ending 1 $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual COPS – State Grant Fund
108
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Intergovernmental $ 107,000 107,000 $ 179,699 $ 72,699 $ Use of money and property 1,000 1,000 6,458 5,458
Total revenues 108,000 108,000 186,157 78,157

EXPENDITURES
Current:

Public safety 148,815 148,815 186,207 (37,392)
Total expenditures 148,815 148,815 186,207 (37,392)
Excess (deficiency) of revenues
over (under) expenditures $ (40,815) (40,815) $ (50) 40,765 $ Fund balance (deficit) - beginning 52
Fund balance (deficit) - ending 2 $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Local Law Enforcement Block Grant Fund
109
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Total revenues $ - - $ - $ - $

EXPENDITURES
Current:

Public safety 22,360 - 21,904 456
Total expenditures 22,360 - 21,904 456
Excess (deficiency) of revenues
over (under) expenditures $ (22,360) - $ (21,904) 456 $ Fund balance (deficit) - beginning (30,125)
Fund balance (deficit) - ending (52,029) $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Measure R Fund
110
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Taxes $ 1,200,000 1,200,000 $ 1,497,608 $ 297,608 $
Use of money and property - - 197,848 197,848
Total revenues 1,200,000 1,200,000 1,695,456 495,456

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues
over (under) expenditures 1,200,000 1,200,000 1,695,456 495,456

OTHER FINANCING SOURCES (USES)
Transfers out (2,544,412) (1,544,412) (470,852) 2,073,560 Total other financing sources (uses) (2,544,412) (1,544,412) (470,852) 2,073,560 Net change in fund balance $ (1,344,412) (344,412) $ 1,224,604 2,569,016 $ Fund balances (deficits) - beginning,
as previously presented -
Change within financial reporting entity (major to
nonmajor fund) 5,043,335
Fund balances (deficits) - beginning, restated 5,043,335 Fund balances (deficits) - ending $ 6,267,939
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Landscape and Lighting Fund
111
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Use of money and property $ 10,000 10,000 $ 70,807 $ 60,807 $ Assessments 1,297,780 1,297,780 1,301,136 3,356
Total revenues 1,307,780 1,307,780 1,371,943 64,163

EXPENDITURES
Current:

Community services 1,033,282 1,004,222 827,764 205,518
Total expenditures 1,033,282 1,004,222 827,764 205,518
Excess (deficiency) of revenues
over (under) expenditures $ 274,498 303,558 $ 544,179 269,681 $ Fund balance (deficit) - beginning 1,611,436
Fund balance (deficit) - ending 2,155,615 $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Office of Traffic and Safety Grant Fund
112
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Fines and forfeitures $ 7,000 7,000 $ 6,034 $ (966) $
Use of money and property - - 113 113
Total revenues 7,000 7,000 6,147 (853)

EXPENDITURES
Current:

Community services 1,630 1,630 1,630 -
Total expenditures 1,630 1,630 1,630 -
Excess (deficiency) of revenues
over (under) expenditures 5,370 5,370 4,517 (853)

OTHER FINANCING SOURCES (USES)
Transfers out (8,370) (8,370) (4,517) 3,853
Total other financing sources (8,370) (8,370) (4,517) 3,853 Net change in fund balance $ (3,000) (3,000) $ - 3,000 $ Fund balance (deficit) - beginning -
Fund balance (deficit) - ending - $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Auto Theft Deterrence Fund
113
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Charges for services $ - - $ 12,480 $ 12,480 $
Use of money and property - - 89 89
Total revenues $ - - $ 12,569 $ 12,569 $

EXPENDITURES
Current:

Public safety 12,480 - 12,480 -
Total expenditures 12,480 - 12,480 -
Excess (deficiency) of revenues
over (under) expenditures $ (12,480) - $ 89 12,569 $
Fund balance (deficit) - beginning (9,339)
Fund balance (deficit) - ending (9,250) $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Police Forfeiture Fund
114
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Use of money and property $ - - $ 1,619 $ 1,619 $
Other - - 70 70
Total revenues - - 1,689 1,689

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues
over (under) expenditures $ - - $ 1,689 1,689 $
Fund balance (deficit) - beginning 10,229
Fund balance (deficit) - ending 11,918 $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Vehicle Abatement Fund
115
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Taxes $ - - $ 50,709 $ 50,709 $
Use of money and property 450 450 4,139 3,689
Total revenues 450 450 54,848 54,398

EXPENDITURES
Current:

Public safety 46,803 46,803 47,912 (1,109)
Total expenditures 46,803 46,803 47,912 (1,109)
Excess (deficiency) of revenues
over (under) expenditures $ (46,353) (46,353) $ 6,936 53,289 $ Fund balance (deficit) - beginning 115,223
Fund balance (deficit) - ending 122,159 $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Public Mitigation Grant Fund
116
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Total revenues - - - -

EXPENDITURES
Current:

Public safety - - 6 (6)
Total expenditures - - 6 (6)
Excess (deficiency) of revenues
over (under) expenditures $ - - $ (6) 6 $
Fund balance (deficit) - beginning 6
Fund balance (deficit) - ending - $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Rental Rehabilitation Fund
117
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Use of money and property $ - - $ 94 $ 94 $
Other - - 959 959
Total revenues - - 1,053 1,053

EXPENDITURES
Current:

Community development - - 1,053 (1,053)
Total expenditures - - 1,053 (1,053)
Excess (deficiency) of revenues
over (under) expenditures $ - - $ - - $
Fund balance (deficit) - beginning -
Fund balance (deficit) - ending - $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual HOME Program Fund
118
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Intergovernmental $ - - $ 33,284 $ 33,284 $
Use of money and property - - (2,635) (2,635)
Loan repayments - - 32,374 32,374
Total revenues - - 63,023 63,023

EXPENDITURES
Current:

Community development - - 62,713 (62,713)
Total expenditures - - 62,713 (62,713)
Excess (deficiency) of revenues
over (under) expenditures - - 310 125,736
Net change in fund balance $ - - $ 310 125,736 $
Fund balances (deficits) - beginning,
as previously presented -
Change within financial reporting entity (major to
nonmajor fund) (310)
Fund balances (deficits) - beginning, restated (310)
Fund balances (deficits) - ending $ -
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual Developer Impact Fees Fund
119
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Charges for services $ - - $ 8,309,609 $ 8,309,609 $
Use of money and property 257,500 257,500 1,070,722 813,222 Total revenues 257,500 257,500 9,380,331 9,122,831

EXPENDITURES
Total expenditures - - - -
Excess (deficiency) of revenues
over (under) expenditures 257,500 257,500 9,380,331 9,122,831

OTHER FINANCING SOURCES (USES)
Transfers out (2,434,504) (2,434,504) (11,892,264) (9,457,760) Total other financing sources (2,434,504) (2,434,504) (11,892,264) (9,457,760) Net change in fund balance $ (2,177,004) (2,177,004) $ (2,511,933) (334,929) $ Fund balances (deficits) - beginning,
as previously presented -
Change within financial reporting entity (major to
nonmajor fund) 28,900,840
Fund balances (deficits) - beginning, restated 28,900,840 Fund balances (deficits) - ending $ 26,388,907
120

NONMAJOR CAPITAL PROJECTS FUND
The Capital Projects Fund is used to account for financial resources to be used for the acquisition or construction of major capital facilities other than those financed by proprietary funds.

The Technology Construction in Progress (CIP) Fund accounts for the capital projects expenditures related to technology.

CITY OF TULARE | JUNE 30, 2024
Nonmajor Capital Projects Fund
Balance Sheet
121
Technology
CIP
ASSETS
Current assets:

Cash and investments $ 878,754
Total assets $ 878,754

LIABILITIES
Liabilities:

Accounts payable and accrued liabilities $ 471
Total liabilities 471

FUND BALANCE (DEFICIT)
Committed 878,283
Total fund balance (deficit) 878,283
Total liabilities and fund balance 878,754 $
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Capital Projects Fund
Statement of Revenues, Expenditures and Changes in Fund Balance 122
Technology
CIP

REVENUES
Other $ -
Total revenues -

EXPENDITURES
Current:

Community development 108,483
Total expenditures 108,483
Excess (deficiency) of revenues
over (under) expenditures (108,483)
Other financing sources:

Transfers in 127,810
Total other financing sources 127,810
Net change in fund balance 19,327
Net position (deficit) - beginning 858,956
Fund balance (deficit) - ending $ 878,283
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Nonmajor Capital Projects Fund
Statement of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual 123
Technology CIP
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Other $ - - $ - $ - $

EXPENDITURES
Current:

Community development 185,000 185,000 108,483 76,517
Total expenditures 185,000 185,000 108,483 76,517
Excess (deficiency) of revenues
over (under) expenditures (185,000) (185,000) (108,483) 76,517

OTHER FINANCING SOURCES (USES)
Transfers in 127,810 127,810 127,810 -
Total other financing sources 127,810 127,810 127,810 - Net change in fund balance $ (57,190) (57,190) $ 19,327 76,517 $ Fund balance (deficit) - beginning 858,956
Fund balance (deficit) - ending 878,283 $
124

NONMAJOR DEBT SERVICE FUND
The Financing Authority Fund accounts for the annual debt service on the 2018 Lease Revenue Bonds. Lease revenues are derived from lease payments made by the City’s General Fund.

CITY OF TULARE | JUNE 30, 2024
Nonmajor Debt Service Fund
Balance Sheet
125
Financing
Authority
Fund
ASSETS
Cash and investments $ 463,343
Cash and investments with fiscal agent 1,254,858
Total assets $ 1,718,201

LIABILITIES
Accounts payable and accrued liabilities $ 3,500
Total liabilities 3,500

FUND BALANCES (DEFICITS)
Restricted 1,714,701
Total fund balances (deficits) 1,714,701
Total liabilities, deferred inflows of resources,
and fund balances (deficits) $ 1,718,201
CITY OF TULARE | JUNE 30, 2024
Nonmajor Debt Service Fund
Statement of Revenues, Expenditures and Changes in Fund Balance 126
Financing
Authority
Fund

REVENUES
Use of money and property $ 71,493
Total revenues 71,493

EXPENDITURES
Current:

Intergovernmental 4,325
Debit service:

Principal 1,285,000
Interest and fiscal charges 940,000
Total expenditures 2,229,325
Excess (deficiency) of revenues
over (under) expenditures (2,157,832)

OTHER FINANCING SOURCES (USES)
Transfers in 1,100,000
Total other financing sources (uses) 1,100,000
Net change in fund balance (1,057,832)
Fund balances (deficits) - beginning,
as previously presented -
Change within financial reporting entity (major to
nonmajor fund) 2,772,533
Fund balances (deficits) - beginning, restated 2,772,533 Fund balances (deficits) - ending $ 1,714,701
CITY OF TULARE | JUNE 30, 2024
Nonmajor Debt Service Fund
Statement of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual 127
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Use of money and property $ 5,000 5,000 $ 71,493 $ 66,493 $ Total revenues 5,000 5,000 71,493 66,493

EXPENDITURES
Current:

Intergovernmental 8,890 8,890 4,325 4,565
Debt service:

Principal 1,285,000 1,285,000 1,285,000 -
Interest and fiscal charges 940,000 940,000 940,000 -
Total expenditures 2,233,890 2,233,890 2,229,325 4,565
Excess (deficiency) of revenues
over (under) expenditures (2,228,890) (2,228,890) (2,157,832) 71,058

OTHER FINANCING SOURCES (USES)
Transfers in 1,100,000 1,100,000 1,100,000 -
Total other financing sources (uses) 1,100,000 1,100,000 1,100,000 - Net change in fund balance $ (1,128,890) (1,128,890) $ (1,057,832) 71,058 $ Fund balances (deficits) - beginning,
as previously presented -
Change within financial reporting entity (major to
nonmajor fund) 2,772,533
Fund balances (deficits) - beginning, restated 2,772,533 Fund balances (deficits) - ending $ 1,714,701
128

NONMAJOR ENTERPRISE FUNDS
The Transit Fund accounts for the financial activity of the City’s transit system, which offers fixed route and dial-a-ride transportation services.

The Community Services Fund is a cost center that accounts for inspection, permits, and engineering services.

The Aviation Fund accounts for the financial activities of the City’s municipal airport.

CITY OF TULARE | JUNE 30, 2024
Nonmajor Enterprise Funds
Combining Statement of Net Position
129
Total
Development Nonmajor
Transit Services Aviation Enterprise Funds
ASSETS
Current assets:

Cash and investments $ 1,583,066 1,457,689 $ - $ 3,040,755 $ Receivables:

Accounts 1,652 4,391 3,212 9,255
Interest 3,794 4,362 - 8,156
Intergovernmental 573,173 2,896 30,000 606,069
Notes - 1,500,000 - 1,500,000
Leases - 83,609 225,211 308,820
Total current assets 3,052,947 2,161,685 258,423 5,473,055 Noncurrent assets:

Nondepreciable capital assets - 193,261 279,215 472,476 Depreciable capital assets, net 6,192,888 1,391 3,119,123 9,313,402 Total noncurrent assets 6,386,149 1,391 3,398,338 9,785,878 Total assets 9,439,096 2,163,076 3,656,761 15,258,933

DEFERRED OUTFLOWS OF RESOURCES
Pensions 1,397,790 13,653 6,826 1,418,269
Other post-employment benefits (OPEB) 28,198 276 145 28,619 Total deferred outflows of resources 1,425,988 13,929 6,971 1,446,888

LIABILITIES
Current liabilities:

Accounts payable and accrued liabilities 205,790 1,114 19,084 225,988 Due to other funds - - 492,070 492,070
Unearned revenue - PTMISEA - 642,225 - 642,225
Unearned revenue - Other - 65,020 - 65,020
Compensated absences payable 28,905 - 71 28,976
Total current liabilities 708,359 234,695 511,225 1,454,279 Noncurrent liabilities:

Compensated absences payable 312,759 - 772 313,531
Net pension liability 4,791,293 45,631 22,816 4,859,740 Net other post-employment benefits (OPEB) liability 117,272 1,147 600 119,019 Total noncurrent liabilities 5,221,324 46,778 24,188 5,292,290 Total liabilities 5,456,019 755,137 535,413 6,746,569

DEFERRED INFLOWS OF RESOURCES
Pensions 49,728 622 311 50,661
Other post-employment benefits (OPEB) 101,987 998 522 103,507 Leases - 51,724 167,128 218,852
Total deferred inflows of resources 151,715 53,344 167,961 373,020

NET POSITION (DEFICIT)
Net investment in capital assets 1,391 6,386,149 3,398,338 9,785,878 Unrestricted 2,258,395 (2,020,061) (437,980) (199,646)
Total net position $ (2,018,670) 8,644,544 $ 2,960,358 $ 9,586,232 $ CITY OF TULARE | JUNE 30, 2024
Nonmajor Enterprise Funds
Combining Statement of Revenues, Expenses, and Changes in Net Position 130
Total
Nonmajor
Development Enterprise
Transit Services Aviation Funds
Operating revenues:

Charges for services $ 4,022,166 45,425 $ 124,407 $ 4,191,998 $ Other revenues 197,538 - 100 197,638
Total operating revenues 45,425 4,219,704 124,507 4,389,636 Operating expenses:

Personnel services 2,895,156 (5,512) 8,296 2,897,940
Maintenance and supplies 56,569 1,932,290 314,755 2,303,614 Depreciation and amortization 1,517 764,500 152,219 918,236 Total operating expenses 4,828,963 815,557 475,270 6,119,790 Operating income (loss) (609,259) (770,132) (350,763) (1,730,154) Nonoperating revenues (expenses):

Use of money and property 51,167 60,145 10,806 122,118
Intergovernmental 573,173 - 30,000 603,173
Total nonoperating revenues (expenses) 60,145 624,340 40,806 725,291 Income (loss) before transfers 15,081 (709,987) (309,957) (1,004,863) Transfers in 300,000 - 50,000 350,000
Transfers out (2,020) - - (2,020)
Change in net position (deficit) 313,061 (709,987) (259,957) (656,883) Net position (deficits) - beginning,
as previously presented - - - -
Change within financial reporting entity (major to
nonmajor fund) (2,331,731) 9,354,531 3,220,315 10,243,115 Net position (deficit) - beginning, restated (2,331,731) 9,354,531 3,220,315 10,243,115 Net position (deficit) - ending $ (2,018,670) 8,644,544 $ 2,960,358 $ 9,586,232 $ CITY OF TULARE | JUNE 30, 2024
Nonmajor Enterprise Funds
Combining Statement of Cash Flows
131
Business-Type Activities - Enterprise Funds
Total Nonmajor
Development Enterprise
Transit Services Aviation Funds

CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers $ 4,219,704 17,105 $ 228,921 $ 4,465,730 $ Cash payments to employees (2,412,547) (24,032) (11,419) (2,447,998) Cash payments to suppliers (56,900) (2,004,582) (301,170) (2,362,652) Net cash provided by (used for) operating activities (63,827) (197,425) (83,668) (344,920)

CASH FLOWS FROM NONCAPITAL AND RELATED FINANCING ACTIVITIES Cash payments to (from) other funds (short-term borrowings) - - 322,733 322,733 Cash received from transfers from other funds 300,000 - 50,000 350,000 Cash payments for transfers to other funds (2,020) - - (2,020) Net cash provided by (used for) noncapital and related financing activities 297,980 - 372,733 670,713

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Cash received from capital grants - 12,774 - 12,774
Cash payments for the acquisition of capital assets - - (197,030) (197,030) Net cash provided by (used for) capital and related financing activities - 12,774 (197,030) (184,256)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments 49,227 57,613 10,806 117,646
Rental property - 39,567 (102,841) (63,274)
Net cash provided by (used for) investing activities 49,227 97,180 (92,035) 54,372 Net increase (decrease) in cash and cash equivalents 149,782 46,127 - 195,909 Cash and cash equivalents - beginning 1,411,562 1,433,284 - 2,844,846 Cash and cash equivalents - ending $ 1,457,689 1,583,066 $ - $ 3,040,755 $ Reconciliation of operating income (loss) to net cash provided by (used for) operating activities:

Operating income (loss) (770,132) $ (609,259) $ (350,763) $ (1,730,154) $ Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation and amortization 764,500 1,517 152,219 918,236 Changes in assets and liabilities:
(Increase) decrease in consumer receivables (106) - (275) (381) (Increase) decrease in prepaids - (25) (47) (72)
(Increase) decrease in pension related deferred outflows 4,674 (153,436) 959 (147,803) of resources
Increase (decrease) accounts payable (331) (72,292) 13,585 (59,038) Increase (decrease) in compensated absences (6,814) (41,121) (1,428) (49,363) Increase (decrease) in net pension liability (18,947) 724,379 (2,371) 703,061 Increase (decrease) in pension related deferred inflows of resources (36,671) (47,188) 104,453 20,594
Net cash provided by (used for) operating activities $ (197,425) (63,827) $ (83,668) $ (344,920) $ Reconciliation of cash and cash equivalents per statement of cash flows to the statement of net position:

Cash and investments 1,457,689 $ 1,583,066 $ - $ 3,040,755 $ Cash and cash equivalents per statement of cash flows $ 1,457,689 1,583,066 $ - $ 3,040,755 $ 132

NONMAJOR INTERNAL SERVICE FUNDS
Internal Service Funds are used to account for the financing of goods or services provided by one department of the City to another on a cost-reimbursement basis.

The Fleet Maintenance Fund accounts for the costs of maintaining and replacing City vehicles and equipment. Costs are funded by charges to using departments based upon actual usage and rental rates.

The Employee Welfare Fund accounts for the cost of the City's health insurance program. Costs are funded by charges to departments based upon the number of employees and by employee contributions for department coverage.

The Workers' Compensation Fund accounts for the cost of the City's self-insured workers' compensation program. Costs are funded by charges to departments based upon standard workers' compensation rates.

The General Insurance Fund accounts for the cost of the City's self-insured liability and fire insurance program. Costs are funded by charges to departments based upon a combination of number of employees and square footage of buildings factors.

The Unemployment Insurance Fund accounts for the cost of unemployment claims paid and is funded by the General Fund.

The Purchasing Fund accounts for the cost of purchases of inventory items and the department charges for issuance of those items.

The Surface Water Management Fund accounts for the cost of flood control, water recharge, capacity enhancement, and pollution control. Costs are funded by the General Fund, Water Fund, and Sewer Fund contributions.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Internal Service Funds Combining Statement of Net Position 133
Fleet Employee Workers' General Unemployment Surface Water Maintenance Welfare Compensation Insurance Insurance Purchasing Management Total ASSETSCurrent assets:

Cash and investments $ 6,701,051 9,833,273 $ 11,100,779 $ - $ 53,490 $ - $ 4,388,658 $ 32,077,251 $ Cash and investments with fiscal agent 10,188 - - 44,525 - - - 54,713 Receivables:

Accounts 30,524 154,710 - - - 75,734 - 260,968
Interest 20,052 23,285 33,217 - - - 12,594 89,148
Taxes - 788 - - - - - 788
Inventory - - - - - 547,130 - 547,130
Total current assets 10,012,056 6,761,815 11,133,996 44,525 53,490 622,864 4,401,252 33,029,998 Noncurrent assets:

Capital assets:

Nondepreciable:

Land - 75,000 - - - - - 75,000
Depreciable:

Buildings - 6,187,770 - - - - - 6,187,770
Improvements other than buildings - 1,709,932 - - - - - 1,709,932 Machinery and equipment - 29,308,590 - - - - 9,821 29,318,411Accumulated depreciation and amortization - (23,407,205) - - - - (6,664) (23,413,869) Total noncurrent assets 13,874,087 - - - - - 3,157 13,877,244 Total assets 23,886,143 6,761,815 11,133,996 44,525 53,490 622,864 4,404,409 46,907,242

DEFERRED OUTFLOWS OF RESOURCES
Pensions 30,855 456,219 46,206 43,048 - - 89,679 666,007 Other post-employment benefits (OPEB) 632 8,562 947 880 - - 1,785 12,806 Total deferred outflows of resources 31,487 464,781 47,153 43,928 - - 91,464 678,813 LIABILITIESCurrent liabilities:

Accounts payable and accrued liabilities 122,315 100,367 2,836 2,396 21,222 120,432 12,860 382,428 Due to other funds - 193,092 - 3,741,712 32,268 348,129 - 4,315,201 Compensated absences - current 118 5,549 171 170 - - - 6,008Unearned revenue - other 282,400 - - - - - - 282,400 Total current liabilities 404,833 299,008 3,007 3,744,278 53,490 468,561 12,860 4,986,037 Noncurrent liabilities:

Compensated absences payable 1,277 60,036 1,854 1,840 - - - 65,007 Insurance claims payable - - 1,444,875 - - - - 1,444,875 Net OPEB liability 2,628 35,609 3,938 3,663 - - 7,422 53,260 Net pension liability 104,952 1,533,214 155,147 146,020 - - 310,283 2,249,616 Total noncurrent liabilities 1,628,859 108,857 1,605,814 151,523 - - 317,705 3,812,758 Total liabilities 1,927,867 513,690 1,608,821 3,895,801 53,490 468,561 330,565 8,798,795

DEFERRED INFLOWS OF RESOURCES
Pensions 1,193 19,808 2,022 1,711 - - 2,852 27,586
Other post-employment benefits (OPEB) 2,286 30,968 3,424 3,185 - - 6,455 46,318 Total deferred inflows of resources 3,479 50,776 5,446 4,896 - - 9,307 73,904 NET POSITION (DEFICIT)Net investments in capital assets - 13,874,087 - - - - 3,157 13,877,244 Unrestricted 6,276,133 8,498,194 9,566,882 (3,812,244) - 154,303 4,152,844 24,836,112 Total net position (deficit) $ 6,276,133 22,372,281 $ 9,566,882 $ (3,812,244) $ - $ 154,303 $ 4,156,001 $ 38,713,356 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Internal Service Funds Combining Statement of Revenues, Expenses and Changes in Net Position 134
Fleet Employee Workers' General Unemployment Surface Water Maintenance Welfare Compensation Insurance Insurance Purchasing Management Total Operating revenues:

Departmental charges $ 3,806,287 3,729,072 $ 4,570,959 $ 1,780,101 $ - $ 2,068,504 $ - $ 15,954,923 $ Employee contributions 1,444,992 - - - - - - 1,444,992
Total operating revenues 3,729,072 5,251,279 4,570,959 1,780,101 - 2,068,504 - 17,399,915 Operating expenses:

General administration 56,411 170 3,928 38,998 - - 285,389 384,896 Personnel services 66,885 606,797 76,935 85,620 - - 252,076 1,088,313 Contractual services - 247,575 - - - - - 247,575
Equipment usage and operation - 334,052 - - - 2,330,623 - 2,664,675 Insurance 4,669,786 345,853 2,513,189 3,208,638 53,513 - - 10,790,979 Depreciation and amortization 1,959,495 - - - - - 1,403 1,960,898 Total operating expenses 3,493,942 4,793,082 2,594,052 3,333,256 53,513 2,330,623 538,868 17,137,336 Operating income (loss) 458,197 235,130 1,976,907 (1,553,155) (53,513) (262,119) (538,868) 262,579 Nonoperating revenues (expenses):

Use of money and property 219,788 280,118 366,582 - 23 - 149,907 1,016,418 Other income (expense) - miscellaneous 1,709 15,582 - - - - - 17,291 Gain (loss) on sale of assets - 185,119 - - - - - 185,119 Total nonoperating revenues (expenses) 221,497 480,819 366,582 - 23 - 149,907 1,218,828 Income (loss) before transfers 679,694 715,949 2,343,489 (1,553,155) (53,490) (262,119) (388,961) 1,481,407Transfers in - 2,050,000 - - 53,490 - 1,425,800 3,529,290 Transfers out - - - - - - (1,250,000) (1,250,000)
Change in net position (deficit) 679,694 2,765,949 2,343,489 (1,553,155) - (262,119) (213,161) 3,760,697 Net position (deficit) - beginning 19,606,332 5,596,439 7,223,393 (2,259,089) - 416,422 4,369,162 34,952,659 Net position (deficit) - ending $ 6,276,133 22,372,281 $ 9,566,882 $ (3,812,244) $ - $ 154,303 $ 4,156,001 $ 38,713,356 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Internal Service Funds Combining Statement of Cash Flows 135
Fleet Employee Workers' General Unemployment Surface Water Maintenance Welfare Compensation Insurance Insurance Purchasing Management Total

CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from interfund services provided $ 5,241,721 3,652,695 $ 4,570,959 $ 1,780,101 $ - $ 2,072,631 $ - $ 17,318,107 $ Cash payments to employees (33,356) (676,428) (87,782) (83,646) - - (193,169) (1,074,381) Cash payments to suppliers (202,881) (574,261) (3,577) (39,071) 7,853 271,694 (290,969) (831,212) Cash payments for reported claims (4,669,786) (679,905) (2,513,189) (3,208,638) (53,513) (2,330,623) - (13,455,654) Net cash provided by (used for) operating activities 335,698 1,722,101 1,966,411 (1,551,254) (45,660) 13,702 (484,138) 1,956,860

CASH FLOWS FROM NONCAPITAL AND RELATED FINANCING ACTIVITIES Cash received from operating grants - 5,322 - - - - - 5,322 Cash payments to (from) other funds (short-term borrowings) (11,419) 193,092 - 1,551,254 18,746 (13,702) - 1,737,971 Cash received from transfers from other funds - 2,050,000 - - 53,490 - 1,425,800 3,529,290 Cash payments for transfers to other funds - - - - - - (1,250,000) (1,250,000) Cash received from other revenue 1,709 15,582 - - - - - 17,291 Net cash provided by (used for) noncapital and related financing activities (9,710) 2,263,996 - 1,551,254 72,236 (13,702) 175,800 4,039,874

CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Cash received from capital grants - - - - - - - -
Cash payments for the acquisition of capital assets - (2,649,166) - - - - - (2,649,166) Cash received from the sale of capital assets - 202,756 - - - - - 202,756 Net cash provided by (used for) capital and related financing activities - (2,446,410) - - - - - (2,446,410)

CASH FLOWS FROM INVESTING ACTIVITIES
Interest on investments 207,741 267,025 344,759 - 23 - 143,216 962,764 Net cash provided by (used for) investing activities 207,741 267,025 344,759 - 23 - 143,216 962,764Net increase (decrease) in cash and cash equivalents 533,729 1,806,712 2,311,170 - 26,599 - (165,122) 4,513,088 Cash and cash equivalents - beginning 6,177,510 8,026,561 8,789,609 44,525 26,891 - 4,553,780 27,618,876 Cash and cash equivalents - ending $ 9,833,273 6,711,239 $ 11,100,779 $ 44,525 $ 53,490 $ - $ 4,388,658 $ 32,131,964 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Internal Service Funds Combining Statement of Cash Flows (Continued) 136
Fleet Employee Workers' General Unemployment Surface Water Maintenance Welfare Compensation Insurance Insurance Purchasing Management Total Reconciliation of operating income (loss) to net cash provided by (used for) operating activities:

Operating income (loss) 235,130 $ 458,197 $ 1,976,907 $ (1,553,155) $ (53,513) $ (262,119) $ (538,868) $ 262,579 $ Adjustments to reconcile operating income (loss) to net cash provided by (used for) operating activities:

Depreciation and amortization 1,959,495 - - - - - 1,403 1,960,898 Changes in assets and liabilities:
(Increase) decrease in consumer receivables (76,377) (9,558) - - - 4,127 - (81,808) (Increase) decrease in pension related deferred outflows 39,447 (1,011) 4,399 (229) - 270,613 (18,314) 294,905 of resources(Increase) decrease in prepaid 4,547 (45) (18) (146) - - (416) 3,922Increase (decrease) accounts payable (326,516) (146,470) 351 (73) 7,853 - (5,580) (470,435)Increase (decrease) unearned revenue - 29,244 - - - 1,081 - 30,325Increase (decrease) in compensated absences 27,600 (1,248) (3,177) (3,192) - - - 19,983Increase (decrease) in net pension liability (107,279) 7,671 (9,995) 6,878 - - 78,975 (23,750)Increase (decrease) in pension related deferred inflows of resources (33,946) (1,082) (2,056) (1,337) - - (1,338) (39,759) Net cash provided by (used for) operating activities $ 1,722,101 335,698 $ 1,966,411 $ (1,551,254) $ (45,660) $ 13,702 $ (484,138) $ 1,956,860 $ Reconciliation of cash and cash equivalents per statement of cash flows to the statement of net position:

Cash and investments 9,833,273 $ 6,701,051 $ 11,100,779 $ - $ 53,490 $ - $ 4,388,658 $ 32,077,251 $ Cash and investments with fiscal agents - 10,188 - 44,525 - - - 54,713 Cash and cash equivalents per statement of cash flows $ 9,833,273 6,711,239 $ 11,100,779 $ 44,525 $ 53,490 $ - $ 4,388,658 $ 32,131,964 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Schedule of Expenditures by Department
Budgetary Level of Control – Budget and Actual (GAAP Basis) General Fund
137
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

EXPENDITURES
General government:

City council $ 123,779 123,779 $ 95,265 $ 28,514 $
City manager 691,217 691,217 653,521 37,696
Finance 1,614,532 1,519,682 1,641,863 (27,331)
Economic development 611,895 611,895 312,828 299,067
CIP administrative 6,214,154 1,050,664 1,077,768 5,136,386 IT division 920,996 920,996 713,576 207,420
Personnel 566,810 566,810 629,645 (62,836)
Non-departmental 1,300,554 1,300,554 1,255,787 44,767
Animal control 1,082,776 1,082,776 1,218,284 (135,508)
Total general government 7,868,372 13,126,712 7,598,537 5,528,175 Public safety:

Police 15,817,624 15,530,224 17,542,012 (1,724,388)
Fire code enforcement 8,050,096 8,095,321 9,182,673 (1,087,352) Total public safety 23,912,945 23,580,320 26,724,685 (2,811,740) Public works:

Streets 1,608,421 2,982,240 2,732,115 (1,123,694)
Storm drains 56,490 56,490 - 56,490
Total public works 3,038,730 1,664,911 2,732,115 (1,067,204) Community development:

Parking and business improvement 86,100 86,100 79,534 6,566 Downtown parking 117,050 117,050 117,702 (652)
Dangerous building abatement 30,000 30,000 20,288 9,712 Total community development 233,150 233,150 217,524 15,626 Community services:

Parks 3,395,963 3,272,663 3,626,708 (230,745)
Community services 3,580,176 3,640,176 4,233,443 (593,267) Total community services 6,852,839 7,036,139 7,860,151 (824,012) Library and cultural 1,586,923 1,586,923 1,677,253 (90,330) Capital outlay 68,247,856 15,531,350 22,875,159 45,372,697 Debt service:

Principal 1,428,139 54,320 1,507,020 (78,881)
Interest and fiscal charges 495,113 - 534,834 (39,721)
Total debt service 1,923,252 54,320 2,041,854 (118,602) Transfers out 5,161,553 16,930,259 4,720,174 12,210,085 Total General Fund expenditures $ 134,662,146 63,907,557 $ 76,447,452 $ 58,214,694 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Expenditures – Budget and Actual
Measure I Sales Tax Revenues and Related Expenditures
138
Budgeted Amounts Actual Variance with
Original Final Amounts Final Budget

REVENUES
Measure I sales tax $ 8,323,000 8,323,000 $ 8,579,467 $ 256,467 $

EXPENDITURES
Measure I - police 5,233,486 5,224,486 5,829,761 (596,275) Measure I - fire 1,829,316 1,829,316 2,359,171 (529,855) Measure I - code enforcement 138,100 138,100 137,225 875 Measure I - streets 200,000 200,000 - 200,000
Total expenditures 7,391,902 7,400,902 8,326,157 (925,255) Excess (deficiency) of revenues
over (under) expenditures $ 931,098 922,098 $ 253,310 $ (668,788) $ Note: Amounts reported here are included in the City's general fund.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Long-Term Debt Recorded in Private Purpose Trust Fund
139
On February 16, 2017, the former Redevelopment Agency participated in issuing its Merged Tulare Redevelopment Serial Tax Allocation Bonds Series A (Tax-Exempt). Series A bonds totaling $7,915,000 are payable in amounts ranging from $13,400 to $752,900 semiannually on August 1 and February 1 commencing August 1, 2017, through August 1, 2040, and bear interest at rates from 2.00% to 5.00%. The transaction resulted in a reduction of $2,218,010 in future debt service payments. The economic gain was $646,754. At June 30, 2023, the outstanding balance, including the related unamortized bond premium and discount was: $ 7,421,342 On February 16, 2017, the former Redevelopment Agency participated in issuing its Merged Tulare Redevelopment Serial Tax Allocation Bonds Series B (Tax-Exempt). Series A bonds totaling $14,015,000 are payable in amounts ranging from $14,130 to $1,268,902 semiannually on August 1 and February 1 commencing August 1, 2017, through August 1, 2040, and bear interest at rates from 2.00% to 4.71%. The transaction resulted in a reduction of $6,397,531 in future debt service payments. The economic gain was $1,292,184. At June 30, 2023, the outstanding balance, including the related unamortized bond premium and discount, was: $ 7,240,000 On June 30, 2010, the former Redevelopment Agency participated in issuing its Merged Tulare Redevelopment Projects Serial Tax Allocation Bonds Series A (Tax-Exempt). Series A bonds totaling $8,605,000 were payable in amounts ranging from $45,562 to $955,156 semiannually on August 1 and February 1, commencing August 1, 2010, through August 1, 2040, and bore interest at rates from 6.00% to 6.25%. Term Bonds of $2,245,000 were due August 1, 2030, at interest rate 6.00%. Term Bonds of $2,470,000 were due August 1, 2035, at interest rate 6.125%.

Term Bonds of $3,890,000 were due August 1, 2040, at interest rate 6.25%. The former Redevelopment Agency paid off the remaining balance by issuing its Merged Tulare Redevelopment Serial Tax Allocation Bonds Series A and B (Tax-Exempt).

On June 30, 2010, the former Redevelopment Agency participated in issuing its Merged Tulare Redevelopment Projects Serial Tax Allocation Bonds Series B (Taxable). Series B bonds totaling $4,915,000 were payable in amounts ranging from $29,622 to $640,035 semiannually on August 1, 2023, and bore interest at rates from 4.125% to

7.70%. Term Bonds of $350,000 were due August 1, 2023, at interest rate 4.125%. Term Bonds of $365,000 were due August 1, 2014, at interest rate 4.50%. Term Bonds of $380,000 were due August 1, 2015, at interest rate

5.00%. Term Bonds of $3,820,000 were due August 1, 2023, at interest rate 7.70%. The former Redevelopment Agency paid off the remaining balance by issuing Merged Tulare Redevelopment Serial Tax Allocation Bonds Series A and B (Tax-Exempt).

On June 30, 2010, the former Redevelopment Agency participated in issuing its Merged Tulare Redevelopment Projects Serial Tax Allocation Bonds Series C (Taxable). Series C bonds totaling $9,830,000 were payable in amounts ranging from $68,853 to $734,963 semiannually on August 1 and February 1, commencing August 1, 2010, through August 1, 2040, and bore interest at rates from 5.25% to 8.50%. Term Bonds of $445,000 were due August 1, 2015, at interest rate 5.25%. Term Bonds of $1,390,000 were due August 1, 2020, at interest rate 7.50%. Term Bonds of $3,040,000 were due August 1, 2030, at interest rate 8.25%. Term Bonds of $4,955,000 were due August 1, 2040, at interest rate 8.50%. The former Redevelopment Agency paid off the remaining balance by issuing its Merged Tulare Redevelopment Serial Tax Allocation Bonds Series A and B (Tax-Exempt).

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Long-Term Debt Recorded in Private Purpose Trust Fund
(Continued)
140
y p gy p
date back since inception, and were payable upon demand, with interest accruing at 8% per annum on the unpaid balance. As of June 30, 2009, the remaining balance was approximately $66 million. On June 29, 2010, the former Redevelopment Agency and the City reached an amended repayment agreement. The City forgave $44,258,915 to reduce the outstanding principal balance to the City to $22,052,848. In addition, the former Redevelopment Agency repaid $6,000,000 and reduced the balance to the amount of $3,302,059 as of June 30, 2011.

The former Redevelopment Agency would make annual payments to the City with the annual interest rate at 3%. Beginning in fiscal year 2010-11, the former Redevelopment Agency was required to make annual payments of interest only to the City. This agreement was to continue through fiscal year 2024-25 and commencing in fiscal year 2025-26, payments of principal and interest were to be due until all amounts due were paid in full. However, in 2013, after the dissolution of the former Redevelopment Agency and when the State took control, the State Controller's Office issued a written finding in regards to an accelerated loan payment made by the City in December 3011, after the effective AB 1X 26 and ordered the City to return $1,634,962 in property taxes to the Successor Agency which increased the advance to $4,937,021. Included in the $15,991,111 ending balance as of June 30, 2023, is also $465,736 in property to be sold to the County Superintendent of Schools. At June 30, 2023, the outstanding balance was: $ 14,581,610
The annual requirements to amortize debt payable are as follows in the Private-Purpose Trust Fund:

Year Ending
June 30
Allocation Bonds
Series A
Allocation Bonds
Series B
From the
Primary Govt.
2025 889,900 $ 903,847 $ 14,581,610 $
2026 434,500 562,888 -
2027 442,600 567,393 -
2028 458,875 571,033 -
2029 477,875 568,881 -
2030-2034 2,765,925 2,938,830 -
2035-2039 3,378,300 3,051,921 -
2040-2041 1,449,700 1,241,167 -
10,405,960 10,297,675 14,581,610
Less Interest (2,973,354) (3,165,960) -
Plus Unamortized Premium 97,021 - -
Total 7,421,342 $ 7,240,000 $ 14,581,610 $
Fiduciary Fund - Private Purpose Trust Fund
141

STATISTICAL SECTION
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Net Position by Component Last Ten Fiscal Years
142
2014 2015 2016 2017 2018 2019 2020 2021 (Restated) 2022 2023 2024 Governmental Activities:

Net Investment in Capital Assets 177,172,689 $ 207,289,716 $ 211,461,105 $ 211,265,222 $ 208,315,732 $ 217,579,213 $ 233,031,562 $ 98,357,048 $ 99,554,621 $ 139,655,205 $ 174,863,208 $ Restricted 1,283,898 1,164,494 1,198,432 1,168,992 4,006,738 4,109,899 1,753,750 1,750,803 1,186,861 - 55,921,884 Unrestricted 47,137,211 11,560,174 44,306,438 47,705,937 50,782,588 46,588,528 29,301,183 32,038,570 43,183,619 84,251,295 22,193,218 Total Business-Type ActivitiesNet Position 225,593,798 $ 220,014,384 $ 256,965,975 $ 260,140,151 $ 263,105,058 $ 268,277,640 $ 264,086,495 $ 132,146,421 $ 143,925,101 $ 223,906,500 $ 252,978,310 $ Business-Type Activities:

Net Investment in Capital Assets 85,354,787 $ 86,153,865 $ 80,626,706 $ 79,725,820 $ 66,846,189 $ 90,621,714 $ 88,766,270 $ 104,023,400 $ 112,236,168 $ 122,335,466 $ 131,470,223 $ Restricted 12,828,344 8,572,997 8,572,997 7,675,730 13,006,601 13,006,601 - - - - -Unrestricted (7,120,889) (6,566,796) 4,481,990 11,706,869 24,722,430 20,856,181 70,265,299 77,388,968 84,144,129 87,694,544 101,127,628 Total Business-Type ActivitiesNet Position 91,062,242 $ 88,160,066 $ 93,681,693 $ 99,108,419 $ 104,575,220 $ 124,484,496 $ 159,031,569 $ 181,412,368 $ 196,380,297 $ 210,030,010 $ 232,597,851 $ Primary Government:

Net Investment in Capital Assets 262,527,476 $ 293,443,581 $ 292,087,811 $ 290,991,042 $ 275,161,921 $ 308,200,927 $ 321,797,832 $ 202,380,448 $ 211,790,789 $ 261,990,671 $ 306,333,431 $ Restricted 14,112,242 9,737,491 9,771,429 8,844,722 17,013,339 17,116,500 1,753,750 1,750,803 1,186,861 - 55,921,884 Unrestricted 40,016,322 4,993,378 48,788,428 59,412,806 75,505,018 67,444,709 99,566,482 109,427,538 127,327,748 171,945,839 123,320,846 Total Primary GovernmentNet Position 316,656,040 $ 308,174,450 $ 350,647,668 $ 359,248,570 $ 367,680,278 $ 392,762,136 $ 423,118,064 $ 313,558,789 $ 340,305,398 $ 433,936,510 $ 485,576,161 $ Source: Annual Comprehensive Financial ReportSource: Statement of Net Position CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Changes in Net Position Last Ten Fiscal Years
143
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Expenses:

Governmental Activities:

General Government 4,862,056 $ 5,972,924 $ 4,975,254 $ 2,475,077 $ 5,805,716 $ 4,703,423 $ 5,829,647 $ 6,365,027 $ 6,713,368 $ 15,851,263 $ 8,145,106 $ Intergovernmental 148,790 2,001 2,400 - - - - - - 10,575 4,325 Public Safety 19,915,983 20,543,299 18,978,334 22,434,933 27,123,518 27,945,951 30,094,565 31,438,950 22,486,173 31,723,979 37,466,084 Public Works 2,287,781 2,987,540 10,078,440 2,275,960 2,452,434 2,425,727 2,672,177 2,687,512 3,831,706 3,046,291 2,769,951 Community Development 5,968,778 4,217,078 10,236,915 5,682,852 8,126,574 5,905,476 2,847,502 10,585,221 12,010,940 2,920,799 7,762,574 Community Services 4,981,447 5,106,177 5,749,780 5,927,569 6,834,186 6,510,435 6,687,290 6,484,755 7,658,997 8,483,177 9,582,490 Library and Cultural 4,438,440 3,210,010 5,952,134 3,128,200 3,083,550 2,956,417 1,885,453 3,918,457 4,379,160 1,756,273 2,040,796 Interest on Long-Term Debt 1,548,628 1,555,034 1,488,132 1,450,221 598,884 1,088,411 1,472,373 1,311,580 914,972 878,845 1,450,913 Total Governmental Activities Expenses 44,151,903 43,594,063 57,461,389 43,374,812 54,024,862 51,535,840 51,489,007 62,791,502 57,995,316 64,671,202 69,222,239 Business-Type Activities:

Aviation 351,636 251,520 410,647 303,045 421,384 360,020 378,379 408,388 392,742 457,662 499,940 Transit 2,948,977 3,111,671 3,123,964 3,526,009 3,664,540 3,935,325 3,970,662 4,087,217 2,505,212 573,472 823,690 Community and Development 2,203,021 1,956,087 1,573,507 2,275,967 3,329,780 3,266,224 2,508,214 2,829,135 2,987,161 3,821,392 4,798,302 Water 6,497,620 5,926,633 6,784,595 8,148,054 8,587,085 9,126,304 10,630,882 10,492,761 10,846,789 11,405,944 12,581,427 Solid Waste 6,346,567 6,685,681 7,283,313 7,355,336 8,288,359 9,021,964 9,382,570 10,035,760 9,637,100 11,510,574 11,779,026 Sewer 27,656,817 25,267,201 29,281,564 30,471,856 28,290,003 28,648,005 28,308,670 25,308,216 24,689,685 24,933,539 27,645,793 Total Business-Type Activities Expenses 46,004,638 43,198,793 48,457,590 52,080,267 52,581,151 54,357,842 55,179,377 53,161,477 51,058,689 52,702,583 58,128,178 Total Primary Government Expenses 90,156,541 86,792,856 105,918,979 95,455,079 106,606,013 105,893,682 106,668,384 115,952,979 109,054,005 117,373,785 127,350,417 Program Revenues:

Governmental Activities:

Charges for Services:

General Government 274,788 463,179 455,588 264,526 670,136 820,542 1,105,565 614,639 856,211 7,347,522 7,965,620 Intergovernmental 103,241 321,569 220 - 56,396 2,428 191 724 1,118 - - Public Safety 1,330,307 1,775,665 1,737,861 2,397,756 3,302,341 4,953,595 5,708,283 3,039,476 2,871,591 1,041,334 761,455 Public Works 129,298 231,673 922,891 243,245 298,589 429,975 506,854 259,825 489,327 74,991 93,956 Community Development 1,161,062 1,114,835 937,402 607,361 989,426 1,046,783 540,067 1,023,365 1,533,854 1,211,150 1,507,175 Community Services 281,516 395,966 526,512 633,515 832,075 1,154,015 1,268,433 626,938 978,090 2,001,805 2,340,647Library and Cultural 250,847 248,925 545,042 334,330 375,428 524,044 357,629 378,831 559,239 363,583 412,966 Operating Grants and Contributions 1033917 1,240,627 1,782,930 959,415 3,189,647 1,155,276 3,328,130 2,252,847 4,016,675 - 4,807,245 Capital Grants and Contributions 8,919,700 12,424,332 7,918,523 - - - - - - 7,031,876 15,365,829 Total Governmental Activities Program Revenues 13,484,676 18,216,771 14,826,969 5,440,148 9,714,038 10,086,658 12,815,152 8,196,645 11,306,105 19,072,261 33,254,893 Business-Type Activities:

Charges for Services:

Aviation 115,405 118,564 121,172 121,108 125,042 112,361 111,510 112,193 103,975 112,088 124,507 Transit 2,370,665 2,338,653 1,615,709 1,684,809 1,546,582 1,739,886 1,840,650 113,645 (400) 44,971 45,425 Community and Development 1,370,618 1,924,910 1,963,243 2,173,788 2,257,858 2,148,526 2,222,616 2,445,132 2,992,396 3,185,514 4,022,166 Water 6,635,639 8,112,880 8,014,181 10,611,372 12,295,297 14,770,030 14,150,290 15,188,361 14,865,402 14,175,049 14,526,463 Solid Waste 8,206,431 8,315,243 8,723,653 8,700,096 8,990,099 9,606,652 10,381,634 10,876,931 11,541,701 12,260,531 12,367,580 Sewer 26,207,894 27,054,457 29,436,905 30,349,080 32,200,444 33,864,373 35,442,110 37,434,359 37,535,687 35,188,578 37,640,332 Operating Grants and Contributions 2,031,384 1,157,482 837,623 3,721,134 1,697,847 2,636,741 5,119,938 3,996,986 520,616 147,199 806,306 Capital Grants and Contributions - 2,221,961 - - - - - - - 942,334 1,126,406 Total Business-Type Activities Program Revenues 46,938,036 51,244,150 50,712,486 57,361,387 59,113,169 64,878,569 69,268,748 70,167,607 67,559,377 66,056,264 70,659,185 Total Primary Government Program Revenues 60,422,712 69,460,921 65,539,455 62,801,535 68,827,207 74,965,227 82,083,900 78,364,252 78,865,482 85,128,525 103,914,078 Net Revenues (Expenses):

Governmental Activities (30,667,227) (25,377,292) (42,634,420) (37,934,664) (44,310,824) (41,449,182) (38,673,855) (54,594,857) (46,689,211) (45,598,941) (35,967,346) Business-Type Activities 933,398 8,045,357 2,254,896 5,281,120 6,532,018 10,520,727 14,089,371 17,006,130 16,500,688 13,353,681 12,531,007 Total Net Revenues (Expenses) (29,733,829) $ (17,331,935) $ (40,379,524) $ (32,653,544) $ (37,778,806) $ (30,928,455) $ (24,584,484) $ (37,588,727) $ (30,188,523) $ (32,245,260) $ (23,436,339) $ Source: Annual Comprehensive Financial ReportSource: Statement of Net Position CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Changes in Net Position Last Ten Fiscal Years (Continued) 144
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
General Revenue and Other Changes in Net Position:

Governmental Activities:

Taxes:

Sales Tax/Gas Tax/Measure R Taxes 23,393,201 $ 31,070,736 $ 26,818,588 $ 18,074,636 $ 19,519,868 $ 20,118,217 $ 21,619,073 $ 24,252,291 $ 28,854,256 $ 24,282,444 $ 24,875,477 $ Property Tax 4,705,679 4,688,189 4,780,267 5,181,172 5,553,078 5,884,742 6,194,371 6,664,504 6,914,707 7,378,064 8,092,353 Utility Tax 5,592,318 5,869,634 5,622,124 5,568,461 5,961,321 5,882,716 5,737,809 6,272,932 6,597,024 9,541,261 8,582,573 Motel/Hotel and Franchise Tax 2,101,367 22,157,176 2,219,734 2,326,641 2,465,042 2,594,469 2,544,058 2,708,877 3,178,939 6,920,240 7,410,768 Motor-Vehicle-in-Lieu Tax 7,719,372 7,270,764
(Intergovernmental, Unrestricted) 4,326,227 4,629,563 4,882,755 5,107,399 5,349,628 5,572,329 5,895,136 6,186,789 6,523,262 1,584,502 1,683,824 Other Taxes 660,950 695,971 726,940 740,839 799,940 788,765 842,249 873,710 948,057 154,677 162,833 Investment Income (Losses) - Unrestricted 736,701 567,673 711,185 140,642 454,925 3,155,785 1,850,871 (6,098) (3,824,988) 3,176,975 3,009,724 Miscellaneous Revenues 1,708,873 8,499,838 28,876,448 4,213,419 4,585,416 5,444,536 4,446,620 8,455,405 9,111,514 293,000 2,250 Grants and Contributions Not Restricted to 3,553,050 (563,004) Specific Programs - - - - - - - - - 1,478,957 2,117,641 Transfers (728,438) (746,270) (1,328,598) 570,630 4,334,254 (2,306,639) (14,647,477) 653,093 224,157 270,273 (5,196,278) Total Governmental Activities 42,496,878 77,432,510 73,309,443 41,923,839 49,023,472 47,134,920 34,482,710 56,061,503 58,526,928 61,788,153 62,013,587 Business-Type Activities:

Investment Income (Loss) 692,776 636,054 588,133 820,923 1,444,614 2,600,791 1,846,765 (172,985) (4,361,145) (400,461) 3,856,291 Gain (Loss) on Sale of Capital Assets - - - (71,322) - - - (173,046) - - 1,200 Miscellaneous - - - - - 4,481,519 3,963,460 6,386,130 2,958,688 648,333 1,269,979 Transfers 728,438 746,270 2,678,598 (570,630) (662,772) 2,306,239 14,647,477 (665,430) (347,685) (270,273) 5,196,278 Total Business-Type Activities 1,421,214 1,382,324 3,266,731 178,971 781,842 9,388,549 20,457,702 5,374,669 (1,750,142) (22,401) 10,323,748 Total Primary Government 43,918,092 78,814,834 76,576,174 42,102,810 49,805,314 56,523,469 54,940,412 61,436,172 56,776,786 61,810,554 72,337,335 Special Items:

Extraordinary Loss on Dissolution of Redevelopment Agency - - - - - - - - - - Other - - - - - (513,556) - (138,047) - -
Extraordinary Gain (Loss) on Dissolution of
Lawsuit Settlement - - 6,276,568 - - - - - (59,037) -
Total Special Items - - 6,276,568 - - (513,556) - (138,047) (59,037) - Changes in Net Position:Governmental Activities 11,829,651 32,113,218 36,951,591 3,989,175 4,712,648 5,172,182 (4,191,145) 1,328,599 11,778,680 16,189,212 26,046,241 Business-Type Activities 2,354,612 9,427,681 5,521,627 5,460,091 7,313,860 19,909,276 34,547,073 22,380,799 14,750,546 13,331,280 22,854,755 Total Primary Government 14,184,263 $ 41,540,899 $ 42,473,218 $ 9,449,266 $ 12,026,508 $ 25,081,458 $ 30,355,928 $ 23,709,398 $ 26,529,226 $ 29,520,492 $ 48,900,996 $ Source: Annual Comprehensive Financial ReportSource: Statement of Net Position CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Fund Balances of Governmental Funds (Modified Accrual Basis of Accounting) Last Ten Fiscal Years 145
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
General Fund:

Nonspendable - $ - $ - $ - $ - $ - $ - $ - $ - $ 10,001,471 $ 9,178,861 $ Restricted 29,077 1,431,320 5,268,406 3,210,570 8,255,722 - - - - - 12,899,144 Committed 22,004,228 21,840,982 46,394,799 47,275,064 47,558,487 53,360,296 36,993,740 42,493,097 44,165,268 6,485,536 9,008,600 Unassigned - - - - - - - - - 47,338,311 27,326,555
Total General Fund 22,033,305 $ 23,272,302 $ 51,663,205 $ 50,485,634 $ 55,814,209 $ 53,360,296 $ 36,993,740 $ 42,493,097 $ 44,165,268 $ 63,825,318 $ 58,413,160 $ All Other Governmental Funds:

Nonspendable 35,000 $ 35,000 $ 35,000 $ 35,000 $ - $ - $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ 35,000 $ Restricted 12,594,663 11,034,408 9,989,692 9,544,309 14,276,293 14,081,580 12,569,286 10,517,062 10,725,774 41,650,527 43,022,740 Committed 722,545 744,557 461,054 312,130 281,719 424,962 342,738 253,813 556,051 (5,626,580) 878,283 Assigned - 22,951 - - - - - - - - -
Unassigned (1,082) (624,325) - - - - - - (570,733) (396,056) (61,279) Total All Other Governmental Funds 13,351,126 $ 11,212,591 $ 10,485,746 $ 9,891,439 $ 14,558,012 $ 14,506,542 $ 12,947,024 $ 10,805,875 $ 10,746,092 $ 35,662,891 $ 43,874,744 $ Source: Annual Comprehensive Financial ReportSource: Balance Sheet - Governmental Funds CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Assessed Value of Estimated Actual Value of Taxable Property Last Ten Fiscal Years
146
Fiscal Year Secured Utility Unsecured
Taxable Assessed
Value (1)
Total Direct
Tax Rate (2)
2015 3,593,640,822 2,859,722 134,753,531 3,731,254,075 0.14% 2016 3,789,718,353 2,859,722 143,801,821 3,936,379,896 0.14% 2017 3,962,134,430 2,589,722 151,219,467 4,115,943,619 0.14% 2018 4,096,151,430 3,323,768 208,318,421 4,307,793,619 0.14% 2019 4,275,737,413 3,323,768 209,716,581 4,488,777,762 0.14% 2020 4,517,255,501 3,323,768 214,038,086 4,734,617,355 0.14% 2021 4,758,154,693 3,323,768 214,030,845 4,975,509,306 0.14% 2022 4,959,482,006 3,484,168 229,920,063 5,192,886,237 0.14% 2023 5,273,050,799 3,484,168 249,864,366 5,526,399,333 0.14% 2024 5,596,766,882 3,484,168 303,238,113 5,903,489,163 0.14% (1) Assessed valuations are net of exemptions.
(2) Total direct tax rate is the city share of the 1% Proposition 13 tax only for TRA 5-000.

Source: County of Tulare, Office of the Auditor-Controller.

Note: In 1978, the voters of the state of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the proeprty being taxed. Each year, the assessed value of property may be increased by an “inflation factor” (limited to a maximum increase of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual value of taxable property and is subject to the limitations described above.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Direct and Overlapping Property Tax Rates (Rate Per $100 of Assessed Value) Current Year and Nine Years Ago 147
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Direct Rate:

City of Tulare 0.143000 0.142000 0.142000 0.141000 0.141000 0.141000 0.141000 0.141000 0.141000 0.141000County of Tulare 0.857000 0.858000 0.858000 0.859000 0.859000 0.863767 0.859000 0.859000 0.859000 0.859000 Total - 1% Breakout 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 1.000000 Overlapping Rate:

College of Sequoias Tulare SFID 2008 0.025000 0.020000 0.017200 0.024300 0.021600 0.020000 0.020000 0.010000 0.012500 0.014000Tulare Joint Union High School District 20 0.063200 0.064500 0.066200 0.073800 0.064000 0.061500 0.060000 0.060000 0.060000 0.060000 Kaweah Delta Water District 0.000500 0.000400 0.000300 0.000400 0.000400 0.000300 0.000400 0.000400 0.000300 0.000300 Tulare Health Care 2005 0.081500 0.081500 0.085600 0.100300 0.100300 0.100300 0.050000 0.030000 0.020000 0.029300 Total - Overlapping Rate 0.170200 0.166400 0.169300 0.198800 0.186300 0.182100 0.130400 0.100400 0.092800 0.103600 Total Tax Rate 1.170200 1.166400 1.169300 1.198800 1.186300 1.182100 1.130400 1.100400 1.092800 1.103600 Table has been reinstated. Rates are not adjusted for ERAF.Tax Rate as represented by TRA 005-000.Source: MuniServices / Avenu Insights & Analytics CompanySource: County Auditor-Controller Data CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Historical Sales and Use Tax Rates
148
Effective
Date
End
Date
State
Jurisdiction
Local
Transportation
Fund
City
Rate
County
Rate
Combined
Rate
8/1/1933 6/30/1935 2.50% 2.50%
7/1/1935 6/30/1943 3.00% 3.00%
7/1/1943 6/30/1949 2.50% 2.50%
7/1/1949 12/31/1961 3.00% 1.00% 4.00%
1/1/1962 (1) 7/31/1967 4.00% 1.00% 5.00%
8/1/1967 6/30/1972 3.75% 0.25% 1.00% 5.00%
7/1/1972 6/30/1973 4.75% 0.25% 1.00% 6.00%
7/1/1973 6/30/1973 3.75% 0.25% 1.00% 5.00%
10/1/1973 3/31/1974 5.00% 0.25% 1.00% 1.30%
4/1/1974 11/30/1989 5.00% 0.25% 1.00% 6.25%
12/1/1989 12/31/1990 4.75% 0.25% 1.00% 6.00%
1/1/1991 7/14/1991 6.00% 0.25% 1.00% 7.25%
7/15/1991 12/31/2000 5.75% 0.25% 1.00% 7.00%
1/1/2001 12/31/2001 6.00% 0.25% 1.00% 7.25%
1/1/2002 6/30/2004 6.25% 0.25% 1.00% 7.25%
7/1/2004 (2) 3/31/2007 6.25% 0.25% 1.00% 7.25%
4/1/2006 (3) 7.25% 0.25% 1.00% 8.75%
4/1/2007 (4) 7.25% 0.25% 1.00% 0.50% 9.25%
7/1/2010 6.25% 0.25% 1.00% 0.50% 8.25%
1/1/2017 6.00% 0.25% 1.00% 0.50% 8.25%
1/1/2017 6.00% 0.25% 1.00% 0.50% 8.25%
(4) In November 2006, voters in the County of Tulare approved a countywide sales tax measure giving the County a ½% rate increase which became effective April 1, 2007. The sales tax measure has a sunset period of 30 years. The revenue is earmarked for transportation projects (i.e., streets, transit, etc.). The allocation is as follows: 50% - regional projects, 35% - goes to the cities for their street programs, 14% - transportation enhancement programs, and 1 % -administration.

State Mandated Purposes
Source: State Board of Equalization, State of California Notes:
(1) Sales tax only. The use tax was enacted effective July 1, 1955. (2) In March 2004, a State ballot measure was passed issuing deficit reduction bonds for State purposes.

Funding was provided effective July 1, 2004, by repealing 25% of the local 1 % sales tax and then adopting a new ¼-cent sales tax dedicated to repayment of the deficit reduction bonds. Cities and counties would then be "made whole" by the State from increased property allocations via reduced contributions to Education Revenue Augmentation Fund (ERAF). This "triple flip" is theoretically revenue-neutral, and as such, the effective rate for revenue purposes remains at 1%.
(3) In November 2005, voters in the City of Tulare approved a local sales tax measure increasing the City rate by ½% which became effective April 1, 2006. The sales tax measure does not have a sunset period.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Principal Property Taxpayers
Current Year and Nine Years Ago
149
Taxpayer Taxable Value
Percent of
Total City
Taxable
Value Taxable Value
Percent of
Total City
Taxable
Value
Saputo Cheese And Protein LLC 203,894,033 3.45% 261,280,311 7.00% Land O'lakes Inc. 177,554,667 3.01% 172,477,189 4.62%
Lactalis Heritage Dairy Inc. 90,606,959 1.53%
Dreyers Grand Ice Cream Inc. 83,165,972 1.41% 51,919,986 1.39% United States Cold Storage Of California 72,542,824 1.23% 65,343,266 1.75% Craig Realty Group Tulare LLC 43,506,356 0.74%
Target Corporation 31,189,463 0.53% 23,057,861 0.62%
Sulphur Springs Cultured Specialties LLC 29,033,441 0.49% 22,994,868 0.62% Hillman Tulare Investors LLC 25,238,272 0.43%
International Agri-Center Inc. 20,011,083 0.34% 16,851,888 0.45% Loves Country Stores Of California 16,972,376 0.29% 11,418,963 0.31% Oak Valley Tulare LLC 16,309,622 0.28%
Central CA Fuel Cell 2 LLC Lessee 15,532,680 0.26%
BDC Prosperity LP 13,150,739 0.22% 10,131,697 0.27%
Tulare Village LLC 12,600,713 0.21% 10,683,226 0.29%
Tulare Investments Group Gp & Tulare Investme 12,546,000 0.21% Wal-Mart Real Estate Business Trust 12,407,166 0.21% 13,012,500 0.35% Lowes HIW Inc. 11,979,210 0.20% 12,060,480 0.32%
G & J Heavy Haul Inc. 10,997,430 0.19%
Monterey Dynasty LLC 10,957,294 0.19%
HD Development Of Maryland Inc. 10,808,860 0.18% 10,313,750 0.28% Quinn Rental Services 10,633,820 0.18%
Cherry Hospitality LLC 10,602,852 0.18%
Pilot Travel Centers LLC 10,460,940 0.18%
Kloeckner Metals Corp 10,187,209 0.17% 9,031,534 0.24%
Oscar Mayer Foods Corp 79,545,651 2.13%
1407 Retherford Street Holding 34,021,465 0.91%
Daley Enterprise Inc. 23,875,403 0.64%
Blain Construction Co Inc. 15,748,570 0.42%
Moyles Central Valley Health 13,067,436 0.35%
PRE Tulare Holdings LLC 10,077,943 0.27%
Rutherford Investment Properties 10,073,850 0.27%
Cinemas Tulare LP 9,519,084 0.26%
Tulare Lodging Assoc A LLC Lse 9,404,096 0.25%
Pimentel Lino A Betty T 8,990,352 0.24%
Ch Bethel Assembly Of God Of T 8,819,428 0.24%
Total Top 25 Taxpayers 962,889,981 16.31% 913,720,797 24.49% Total Taxable Value 5,903,489,163 100.00% 3,731,254,075 100.00% Source: County Assessor Data
Source: County Assessor Data
2024 2015
Source: MuniServices / Avenu Insights & Analytics Company CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Assessed Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years 150
Fiscal Year,
Residential
Property
Commercial
Property
Industrial
Property Other Property*
Unsecured
Property
Less
Tax-Exempt
Property
Taxable Assessed
Value
Total Direct
Tax Rate (1)
Estimated Actual
Taxable Value (2)
Factor of
Taxable
Assessed
Value (2)
2015 - - - 3,596,500,544 134,753,531 - 3,731,254,075 0.14% - - 2016 - - - 3,792,578,075 143,801,821 - 3,936,379,896 0.14% - - 2017 - - - 3,964,724,152 151,219,467 - 4,115,943,619 0.14% - - 2018 - - - 4,099,475,198 208,318,421 - 4,307,793,619 0.14% - - 2019 - - - 4,279,061,181 209,716,581 - 4,488,777,762 0.14% - - 2020 - - - 4,520,579,269 214,038,086 - 4,734,617,355 0.14% - - 2021 - - - 4,761,478,461 214,030,845 - 4,975,509,306 0.14% - - 2022 3,587,346,382 801,662,908 651,528,395 138,170,046 243,440,607 229,262,101 5,192,886,237 0.14% 7,631,205,970 1.469550 2023 3,818,249,466 834,343,720 697,975,380 147,553,758 266,079,961 237,802,952 5,526,399,333 0.14% 8,997,459,386 1.628087 2024 4,043,865,634 886,816,160 725,922,788 171,688,605 323,685,078 248,489,102 5,903,489,163 0.14% 9,143,436,182 1.548819 Source: 2021 and Prior years: Prior published ACFR. Other Property represents Secured and Utility values.( - ) data unavailable Table has been reformatted to comply with GASB No. 44 and include estimated actual value.Prior Year values are net of all exemptions.*Other Property includes State Unitary value of $3,484,168.(1) Total direct tax rate is the city share of the 1% Proposition 13 tax only for TRA 5-000. (2) EsƟmated Actual Value is derived from a series of calculaƟons comparing median assessed values from 1940 to current median sale prices.

Based on these calculations a multiplier value was extrapolated and applied to current assessed values.Source: County Assessor data, MuniServices / Avenu Insights & Analytics Company CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Assessed Value of Property by Use Code, City-Wide
Current Year
151
Category 2023 2024
Residential 3,818,249,466 $ 4,043,865,634 $
Commercial 834,343,720 886,816,160
Industrial 697,975,380 725,922,788
Institution 92,299,554 94,094,733
Agriculture 21,992,889 20,276,496
Unknown 13,137,171 29,283,097
Miscellaneous 14,122,188 22,631,839
Unitary 3,484,168 3,484,168
Government 2,411,786 1,806,561
Misc - -
Recreation 106,002 111,711
Gross Secured Value 5,498,122,324 5,828,293,187
Unsecured 266,079,961 323,685,078
Exemptions 237,802,952 248,489,102
Net Taxable Value 5,526,399,333 $ 5,903,489,163 $
Source: MuniServices / Avenu Insights & Analytics Company Source: County Assessor Data;
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Property Tax Levies and Collections
Last Ten Fiscal Years
152
Fiscal Year
Ended June 30,
Taxes Levied
for the
Fiscal Year (1) Amount (2)
Percent
of Levy
Collections in
Subsequent
Years Amount
Percent of
Levy
2015 (3) 3,880,262 4,454,173 87.12% 133,290 4,013,552 90.11% 2016 (4) 4,237,324 4,715,361 89.86% 146,721 4,384,045 92.97% 2017 (5) 4,459,365 4,887,339 91.24% 103,452 4,562,817 93.36% 2018 (6) 4,778,139 5,246,283 91.08% 106,867 4,885,006 93.11% 2019 (7) 5,034,816 5,527,262 91.09% 108,602 5,143,418 93.06% 2020 (8) 5,295,495 5,800,055 91.30% 115,956 5,411,451 93.30% 2021 (9) 5,666,998 6,119,608 92.60% 139,323 5,806,321 94.88% 2022 (10) 5,905,609 6,463,561 91.37% 136,932 6,042,541 93.49% 2023 (11) 6,294,243 6,646,500 94.70% 130,925 6,425,168 96.67% 2024 (12) 6,801,102 7,242,302 93.91% 186,134 6,987,235 96.48% (11) Reduced approximately $2,684,793 for the property tax shift to education. (12) Reduced approximately $2,502,341 for the property tax shift to education. (7) Reduced approximately $1,861,417 for the property tax shift to education. (8) Reduced approximately $1,980,278 for the property tax shift to education.

Total Collections to Date
(9) Reduced approximately $2,313,482 for the property tax shift to education. (10) Reduced approximately $2,430,970 for the property tax shift to education. (2) City of Tulare Finance Department
(3) Reduced approximately $1,698,640 for the property tax shift to education. (4) Reduced approximately $1,626,244 for the property tax shift to education. (5) Reduced approximately $1,639,505 for the property tax shift to education. (6) Reduced approximately $1,747,188 for the property tax shift to education. (1) County of Tulare, Office of Auditor-Controller
Sources:

Collected within the
Fiscal Year of Levy
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Schedule of Taxable Sales by Category (In Thousands) Last Ten Fiscal Years 153
CDTFA NAICS SECTOR 2024Q1 2023Q1 2022Q1 2021Q1 2020Q1 2019Q1 2018Q1 2017Q1 2016Q1 2015Q1 Accommodation and Food Services 1,425,693 $ 1,356,387 $ 1,290,852 $ 966,317 $ 948,195 $ 933,904 $ 877,635 $ 879,250 $ 838,959 $ 767,017 $ Agriculture, Forestry, Fishing and Hunting 148,379 78,767 483,831 56,823 75,563 78,054 43,819 60,971 63,671 34,286Arts, Entertainment, and Recreation 5,726 5,377 5,037 1,876 5,719 5,054 4,681 8,157 4,975 3,957Construction 342,414 347,261 375,524 341,050 293,604 250,894 237,547 244,505 259,533 234,465Educational Services 15,852 7,765 5,427 5,101 20,433 15,771 13,939 17,552 14,086 13,502Information 38,341 40,200 38,537 11,117 33,459 32,666 29,571 29,732 26,073 23,683Manufacturing 406,832 288,474 220,661 188,870 228,132 279,696 212,574 177,436 179,498 239,550Mining, Quarrying, and Oil and Gas Extraction 1,999,623 2,049,985 1,912,380 1,595,434 1,567,724 1,447,845 1,428,628 1,229,580 1,269,492 1,316,672Other Services (except Public Administration) 171,954 176,517 169,656 130,085 110,543 98,497 86,559 75,870 75,840 75,416Professional, Scientific, and Technical Services 11,693 11,609 10,403 9,835 11,038 9,015 9,127 6,891 6,763 9,217Real Estate and Rental and Leasing 84,657 130,997 97,390 67,984 69,224 44,551 71,227 70,395 60,414 63,016Retail Trade 8,054,538 8,379,438 8,007,819 6,661,954 6,364,351 6,176,755 5,937,324 5,743,698 5,727,105 5,819,958Utilities 56,271 51,849 41,755 45,102 36,039 58,599 48,562 27,204 24,503 27,515Undefined 474,604 442,854 441,910 383,624 332,571 260,467 255,748 268,132 270,910 233,066TOTAL $ 13,367,479 13,236,577 $ 13,101,183 $ 10,465,172 $ 10,096,593 $ 9,691,768 $ 9,256,942 $ 8,839,372 $ 8,821,822 $ 8,861,322 $ Source: MuniServices / Avenu Insights & Analytics Company CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Principal Producers
Current Year and Nine Years Ago
154
Taxpayer Business Type Taxpayer Business Type
Arco AM/PM Mini Marts Service Stations Arco AM/PM Mini Marts Service Stations Calif Turf Equip & Supply Bldg.Matls-Whsle Central California Implement Heavy Industry Chevron Service Stations Service Stations Chevron Service Stations Service Stations Circle K Service Stations Service Stations Garton Tractor Heavy Industry Garton Tractor Heavy Industry High Sierra Lumber & Supply Bldg.Matls-Whsle High Sierra Lumber & Supply Bldg.Matls-Whsle Home Depot Bldg.Matls-Retail Home Depot Bldg.Matls-Retail K Mart Department Stores
Linder Equipment Co. Heavy Industry Linder Equipment Co. Heavy Industry Love's Travel Stop Service Stations Love's Travel Stop Service Stations Lowe's Home Centers Bldg.Matls-Retail Lowe's Home Centers Bldg.Matls-Retail McDonald's Restaurants Restaurants McDonald's Restaurants Restaurants Merle Stone Chevrolet Auto Sales - New Merle Stone Chevrolet Auto Sales - New Mid-Valley Pipe & Supply Heavy Industry Mid-Valley Pipe & Supply Heavy Industry Nike Factory Store Apparel Stores Nike Factory Store Apparel Stores Paige Truck Stop Service Stations Orchard Machinery Heavy Industry Pilot Travel Center Service Stations Paige Truck Stop Service Stations Quinn Rental Services Heavy Industry Quality Machinery Center Heavy Industry Roche Oil Energy Sales Roche Oil Energy Sales
Ross Stores Apparel Stores Shell Service Stations Service Stations Shell Service Stations Service Stations Sturgeon and Beck Buick & GMC Auto Sales - New Target Stores Department Stores Target Stores Department Stores US Farm Systems Heavy Industry TF Tire & Service Auto Parts/Repair Valero Service Stations Service Stations Valero Service Stations Service Stations Wal Mart Stores Department Stores Wal Mart Stores Department Stores Will Tiesiera Ford Auto Sales - New Will Tiesiera Ford Auto Sales - New Source: MuniServices / Avenu Insights & Analytics Company 2023-24 2014-15
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
155
Fiscal Year
Ended June 30,
Lease Revenue
Bonds (1) Leases Payable Notes Payable
Advances from
Other Fund
General Obligation
Bond
Total
Governmental
Activities
2014 29,773,588 $ 1,035,583 $ - $ - $ - $ 30,809,171 $
2015 28,951,872 933,039 - - - 29,884,911
2016 28,095,156 825,839 - - - 28,920,995
2017 27,203,440 713,771 - - - 27,917,211
2018 29,005,402 597,202 - - - 29,602,604
2019 27,696,192 474,727 - - - 28,170,919
2020 26,501,262 - - - - 26,501,262
2021 25,256,332 - - - - 25,256,332
2022 23,966,402 - - - - 23,966,402
2023 22,636,472 - 12,982,126 - - 35,618,598
2024 21,241,542 - 11,595,271 - - 32,836,813
(1) The City issued over $29 million of new revenue bonds in 2003 and 2004. The City issued $79 million of new revenue bonds in 2007. The City issued $55 million of new revenue bonds in 2009.
(2) Ratio calculated using population for the prior calendar year. (3) See the schedule of Demographic and Economic Statistics for personal income and per capital data.

Governmental Activities
Notes:

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Ratios of Outstanding Debt by Type (Continued)
Last Ten Fiscal Years
156
Revenue Bonds
Payable (1) Leases Payable Notes Payable
Total BusinessType ActivitiesTotal Primary
Government
Debt per
Capita (2)
Percentage of Gross
Assessed Valuation
Percentage of
Personal
Income (3)
$ 9,882,269 192,163,518 $ 1,530,000 $ 203,575,787 $ 234,384,958 $ 3,911 $ 6.73% 20.75% 8,657,524 189,179,833 1,031,886 198,869,243 228,754,154 3,817 6.13% 20.17% 7,382,888 192,182,638 521,793 200,087,319 229,008,314 3,627 5.90% 22.92% 6,519,902 243,697,903 - 250,217,805 278,135,016 4,301 6.76% 23.66% 5,612,978 260,258,512 - 265,871,490 295,474,094 4,478 6.86% 24.74% 4,660,072 256,006,225 - 260,666,297 288,837,216 4,480 6.43% 23.19% 1,474,943 213,702,484 - 215,177,427 241,678,689 3,626 5.20% 17.96% - 201,170,151 - 201,170,151 226,426,483 3,380 4.62% 16.68% - 194,596,530 - 194,596,530 218,562,932 3,147 4.21% 13.52% - 189,033,907 - 189,033,907 224,652,505 3,224 3.83% 11.88% - 183,303,285 - 183,303,285 216,140,098 3,053 3.66% 10.05% Business-Type Activities
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Ratios of General Bonded Debt Outstanding (In Thousands, Except Per Capita) Last Ten Fiscal Years
157
Fiscal Year
Ended June 30,
General
Obligation
Bonds
Tax Allocation
Bonds Total
Percentage of
Assessed
Value (1) Per Capita
2014 - $ 29,774 $ 29,774 $ 0.66% 369.32 $
2015 - 28,952 28,952 0.60% 359.42
2016 - 28,095 28,095 0.53% 350.00
2017 - 27,203 27,203 65.00% 404.20
2018 - 28,846 28,846 0.62% 437.18
2019 - 27,696 27,696 0.62% 432.75
2020 - 26,501 26,501 0.59% 389.72
2021 - 25,256 25,256 0.51% 371.41
2022 - 23,966 23,966 0.46% 345.03
2023 - 22,636 22,636 0.41% 324.88
2024 - 31,325 31,325 0.53% 442.45
General bonded debt is payable with governmental fund resource and general obligation bonds recorded in enterprise funds (of which the City has none.
(1) Assessed value has been used because the actual value of taxable property is not readily available from the State of California.

Notes:

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Direct and Overlapping Debt
158
Total Debt
6/30/24
Applicable
Percentage (1)
City's Share of
Debt 6/30/24
Overlapping Tax and Assessment Debt:

College of the Sequoias Tulare School
Facilities Improvement District 54, $ 49.268% 26,733,800 261,996 $ Tulare Union High School District 11,289,707 63.612% 7,181,608 Liberty School District 253,050 35.605% 90,098
Tulare Local Health Care District 141,415,000 62.168% 87,914,877 Total Overlapping Tax and Assessment Debt 121,920,383 $ Direct and Overlapping General Fund Debt:

Tulare County General Fund Obligations 37,394,094 12.826% 4,796,166 $ Tulare County Pension Obligation Bonds 189,585,000 12.826% 24,316,172 Tulare County Board of Education Certificates of Participation 33,080,000 12.826% 4,242,841 Liberty Joint Union High School District General Fund Obligation 164,253 63.612% 104,485 Tulare School District General Fund Obligations 4,755,000 94.994% 4,516,965 Liberty School District General Fund Obligations 1,975,000 35.605% 703,199 City of Tulare Lease Revenue Obligations 19,730,000 100.000% 19,730,000 City of Tulare Equipment Lease Obligations 11,595,271 100.000% 11,595,271 Total Direct and Overlapping General Fund Debt 100.000% 70,005,099 $ Overlapping Tax Increment Debt (Successor Agency) 100.000% 14,570,000 14,570,000 $ Total Direct Debt (3) $ 31,325,271
Total Overlapping Debt 175,170,211
Combined Total Debt $ (2) 206,495,482
Ratios to 2023-24 Assessed Valuation:

Total Overlapping Tax and Assessment Debt 2.05%
Total Direct Debt ($21,015,000) 0.53%
Combined Total Debt 3.48%
Ratios to Redevelopment Successor Agency Incremental Valuation ($831,929,232):

Total Overlapping Tax Increment Debt 1.75%
Notes:

Source: Avenu Insights & Analytics. California Municipal Statistics, Inc. (1) The percentage of overlapping debt applicable to the City is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the City divided by the district's total taxable assessed value. (2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue, and non-bonded capital lease obligations.
(3) Includes any applicable bond premium and/or bond discounts.

Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident. and therefore responsible for repaying the debt, of each overlapping government.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Legal Debt Margin Information Last Ten Fiscal Years
159
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Assessed Valuation 3,731,254,075 $ 3,936,379,896 $ 4,116,213,619 $ 4,307,793,619 $ 4,488,777,762 $ 4,734,617,355 $ 4,758,154,693 $ 4,959,482,006 $ 5,561,184,238 $ 5,903,489,000 $ Debt Margin Ratio 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%Debt Margin 139,922,028 147,614,246 154,358,011 161,542,261 168,329,166 177,548,151 178,430,801 185,980,575 208,544,409 221,380,838 Less Outstanding General Obligations - - - - - - - - - - Net Debt Margin 139,922,028 $ 147,614,246 $ 154,358,011 $ 161,542,261 $ 168,329,166 $ 177,548,151 $ 178,430,801 $ 185,980,575 $ 208,544,409 $ 221,380,838 $ Notes:Source: City of Tulare Finance DepartmentSource: Cal MuniThe Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was based on 15% of market value. Effective with the 1981-82 fiscal year, each parcel is now assessed at 100% of market value (as of the most recent change in ownership for that parcel). The computations shown above reflect a conversion of assessed valuation data for each fiscal year from the current fullvaluation perspective to the 25% level that was in effect at the time that the legal debt margin was enacted by the State of California for local governments located within the State.

Fiscal Year
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Pledged Revenue Coverage Last Ten Fiscal Years
160
Fiscal Year
Ended June
30 Total
Sewer
Revenue
Less
Operating
Expenses
Net
Revenues
2001
Senior
Bonds
Senior
Debt
Coverage
Remaining
Net
Revenues
Parity
(Subordinate)
Debt
Parity Debt
Coverage
Fiscal Year
Ended June
30 Total
Water
Revenue
Less
Operating
Expenses
Net
Revenues
Debt
Service
Debt
Coverage
2015 26,023 $ 9,615 $ 16,408 $ 923 $ 17.77 15,485 $ 11,221 $ 1.38 2015 - $ - $ - $ - $ - 2016 28,308 10,559 (2) 17,749 923 19.22 16,826 10,858 1.55 2016 - - - - - 2017 29,556 9,787 19,769 923 21.41 18,846 10,617 1.78 2017 - - - - - 2018 31,650 10,669 (3) 20,981 923 22.72 20,058 10,673 1.88 2018 12,658 6,795 5,863 379 15.47 2019 37,071 11,071 26,000 923 28.16 25,077 10,633 2.36 2019 15,639 6,924 8,715 1,107 7.88 2020 38,398 11,561 26,837 923 29.06 25,914 10,456 2.48 2020 14,662 7,296 7,367 1,353 5.45 2021 38,643 10,916 27,727 462 60.06 27,266 9,859 2.77 2021 15,219 7,015 8,205 2,737 3.00 2022 39,084 12,349 26,735 - - 26,735 10,354 2.58 2022 15,073 7,358 7,715 2,735 2.82 2023 35,339 12,869 22,470 - - 22,470 10,327 2.18 2023 14,256 7,935 6,321 2,295 2.75 2024 38,569 21,981 16,588 - - 16,588 10,340 1.60 2024 14,648 11,433 3,215 1,877 1.71 Source: Prepared by Bartle Wells Associated based on audited financial information and outstanding debt service schedules.Operating Expenses exclude interest expenses and depreciation. For purposes of calculating debt service coverage, Federal Reimbursable Credits for Build America Bonds are treated as reductions in debtservice and are excluded from Sewer Revenues. Debt service shown on the table is based on total debt payments due and payable each fiscal year and excludes a) payments made from escrow funds,and b) adjustments due to accounting accruals or interest earnings on debt service reserve funds or other bond funds. Details regarding the City’s outstanding debt can be found in the notes to thefinancial statements.(1) Operating Expenses is Fiscal Year Ended June 30, 2014, included a number of extraordinary expenses for: a) sludge disposal of approximately 8 years of sludge accumulation, b) roadwork funded fromthe Capital Improvement Fund but written off as an expense, and c) higher-than-normal natural gas purchases incurred during removal of the Bulk Volume Fermenter cover for repair and during sludgeremoval.(2) Operating Expenses shown for Fiscal Year Ended June 30, 2016, exclude $1,543,438.74 of bond-funded expenses related to the Series 2015 Bonds and the unamortized portions of the Series 2006Bonds and Series 2010 Bonds. (3) Operating Expenses shown for Fiscal Year Ended June 30, 2018, exclude $3,163,328.48 of bond funded expenses related to the Series 2016 Bonds and unamortized portion of the Series 2010 Bonds.

Operating Expenses exclude interest expenses and depreciation. For purposes of calculating debt service coverage, Federal Reimbursable Credits for Build America Bonds are treated as reductions in debtservice and are excluded from Sewer Revenues. Debt service shown on the table is based on total debt payments due and payable each fiscal year and excludes a) payments made from escrow funds, andb) adjustments due to accounting accruals or interest earnings on debt service reserve funds or other bond funds. Details regarding the City's outstanding debt can be found in the notes to the financialstatements.Notes:

Sewer Revenue Bonds Water Revenue Bonds
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Demographic and Economic Statistics
Last Ten Calendar Years
161
Fiscal Year,
City Population
(1) Personal Income (2)
Personal Income (in
thousands) (2)
Per Capita Personal
Income (2)
Assessed Valuation
(in thousands)
City
Unemployment
Rate (3)
County
Unemployment
Rate (3)
2015 62,363 1,134,393,312 1,134,393 18,336 3,731,254 9.20% 10.90% 2016 63,515 1,004,957,149 1,004,957 15,872 3,936,380 9.10% 10.60% 2017 64,661 1,175,483,033 1,175,483 18,179 4,116,214 8.90% 10.60% 2018 65,982 1,194,535,485 1,194,535 18,707 4,307,794 6.40% 9.60% 2019 66,967 1,245,463,575 1,245,464 19,317 4,488,778 7.00% 10.00% 2020 67,834 1,369,297,124 1,369,297 20,186 4,734,617 14.60% 16.20% 2021 67,940 1,376,600,280 1,376,600 20,262 4,975,509 7.40% 9.30% 2022 69,462 1,616,614,827 1,616,615 23,273 5,192,886 3.40% 6.50% 2023 69,677 1,891,424,668 1,891,425 27,146 5,526,399 5.70% 10.00% 2024 70,799 2,150,175,542 2,150,176 30,370 5,903,489 5.70% 9.30% MuniServices / Avenu Insights & Analytics Company
Source: 2022 and prior years: City of Tulare Comprehensive Annual Financial Report For the Year Ended June 30th, 2022 (1) State of California Department of Finance;
(2) U.S. Census Bureau, adjusted for inflation;
(3) State of California Employment Development Department; CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Principal Employers
Current Year and Nine Years Ago
162
Employer
Number of
Employees
Percent of
Total
Employment
Number of
Employees
Percent of
Total
Employment
Saputo Cheese USA, Inc. (4 locations) 1,178 3.88% 550 2.02% Tulare City School District 1,027 3.38% - -
Tulare Joint Union High School District 646 2.13% - -
Land O'Lakes, Inc. (formerly Dairyman's Cooperative Creamery) 470 1.55% 530 1.95% Adventist Health Hospital 410 1.35% - -
City of Tulare 381 1.25% - -
Dryer's Grand Ice Cream (formerly Haagen-Dazs) * 350 1.15% 350 1.29% Lactalis Heritage Dairy (formerly Kraft Foods USA Tulare) 238 0.78% 180 0.66% Walmart Store 218 0.72% 225 10.83%
U.S. Cold Storage of California (2 locations) 201 0.66% 200 0.74% J.D. Heiskell Company - - 350 1.29%
Morris Levin & Sons Hardware - - 200 0.74%
Ruan, Inc. - - 180 0.66%
Southern Ca Edison Company - - 120 0.44%
Total Top Employers 5,119 16.84% 2,885 20.62%
Total Labor Force (1) 30,400
Source: FY2015, City of Tulare Comprehensive Annual Financial Rep (1) State of California Employment Development Department Notes:
* No response received from Employer, previous year employee co School Districts include Administrators, Certificated, and Classified employees for schools within the city limits only.

Source: MuniServices / Avenu Insights & Analytics Company 2024 2015
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Full-Time and Part-Time City Employees by Function
Last Ten Fiscal Years
163
Function 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 General Government 46 38 40 37 38 37 39 32 35 35
Public Safety 160 159 124 161 161 161 161 160 162 164
Public Works 88 95 92 103 112 112 114 120 120 121
Community Development 17 15 17 21 21 21 20 25 29 31
Community Services 22 22 26 26 21 20 19 21 22 22
Library and Cultural 10 11 16 12 12 12 12 10 10 10
Total 343 340 315 360 365 363 365 368 378 383
Source: City of Tulare Human Resources and Finance Department Full-Time and Part-Time Employees as of June 30
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Operating Indicators by Function
Last Ten Fiscal Years
164
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Police:

Arrests 4,429 3,577 3,345 3,294 3,118 3,354 2,853 2,219 2,063 1,578 Parking Citations Issued 246 182 255 35 123 135 94 218 N/A N/A Fire:

Number of Emergency Calls 5,762 5,392 5,496 5,350 5,350 5,704 7,096 8,516 7,687 7,662 Inspections 2,205 1,978 1,447 1,439 1,439 1,290 647 895 1,023 1,079 Parks and Recreation:

Number of Recreation Classes 320 340 721 989 973 215 243 618 636 667 Number of Facility Rentals 2,428 2,885 2,469 2,977 2,967 1,998 648 2,386 2,565 2,952 Water:

New Connections 211 701 (1) 378 339 382 394 354 342 362 394 Average Daily Consumption
(millions of gallons) 14 12 13 14 14 14 15 15 13 14
Sewer:

New Connections 239 280 380 340 382 394 354 216 333 1,521 Source: City of Tulare Human Resources and Finance Department Note: Parking citation information not available as of the time of publishing this report.

Fiscal Year
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Capital Asset Statistics by Function
Last Ten Fiscal Years
165
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Police:

Stations 1 1 1 1 1 1 1 1 1 1
Fire:

Fire Stations 3 3 3 3 3 3 3 3 3 3
Public Works:

Streets (miles) 215.32 220.00 221.72 223.32 223.39 224.78 227.66 227.66 229.24 261.75 Traffic Signals 47 47 47 46 47 47 51 54 54 54
Parks and Recreation:

Parks 18 18 18 18 18 18 18 20 20 20
Park Acreage 363.00 363.00 363.00 367.52 368.66 368.66 370.45 371.12 371.12 371.12 Water:

Water Mains (miles) 231.68 232.16 234.19 235.75 236.63 238.18 241.49 242.72 244.20 279.00 Average Daily Consumption
(millions of gallons) 14.43 12.46 13.31 13.55 14.16 13.99 15.46 15.00 13.45 13.60 Sewer:

Sanitary Sewers (miles) 243.31 243.76 245.89 247.35 248.53 249.81 252.92 254.17 255.35 270.00 Average Daily Wastewater Flow
(millions of gallons) 11.37 11.08 11.24 11.54 11.68 11.65 11.74 11.54 11.46 11.64 Source: Various City of Tulare Departments as appropriate Fiscal Year,
CITY OF TULARE | CALIFORNIA
Single Audit Financial Statements
For the Year Ended June 30, 2024
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Single Audit Financial Statements

TABLE OF CONTENTS
PAGE
Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ............................................................... 1 Independent Auditor’s Report on Compliance for Each Major Program; Report on Internal Control Over Compliance; and Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance .................................................................................................... 3 Schedule of Expenditures of Federal Awards ...................................................................................................................... 6 Notes to the Schedule of Expenditures of Federal Awards ................................................................................................. 7 Schedule of Findings and Questioned Costs ........................................................................................................................ 9 Summary Schedule of Prior Audit Findings ........................................................................................................................ 12 Corrective Action Plan ........................................................................................................................................................ 14 1 INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER

FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS

BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN

ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Honorable Mayor and City Council
City of Tulare, California
We have audited, in accordance with the 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, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Tulare, California (the City), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements and have issued our report thereon dated September 26, 2025.

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

A 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 entity’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.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. We identified certain deficiencies in internal control, described in the accompanying schedule of findings and questioned costs as items 2024-001 and 2024-002 that we consider to be significant deficiencies. 2 Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. 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 instances of noncompliance or other matters that are required to be reported under Government Auditing Standards and which are described in the accompanying schedule of findings and questioned costs as item 2024-003.

City’s Response to Findings
Government Auditing Standards requires the auditor to perform limited procedures on the City’s response to the findings identified in our audit and described in the accompanying schedule of findings and questioned costs. The City’s response was not subjected to the other auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on the response.

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

Clovis, California
September 26, 2025
3 INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM; REPORT ON INTERNAL CONTROL OVER COMPLIANCE; AND REPORT ON SCHEDULE OF

EXPENDITURES OF FEDERAL AWARDS REQUIRED BY THE UNIFORM GUIDANCE To the Honorable Mayor and City Council
City of Tulare, California
Report on Compliance for Each Major Federal Program
Qualified Opinion
We have audited the City of Tulare, California’s (the City) compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on each of the City’s major federal programs for the year ended June 30, 2024. The City’s major federal programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs.

Qualified Opinion on Coronavirus State and Local Fiscal Recovery Funds In our opinion, except for the noncompliance described in the Basis for Qualified Opinion section of our report, the City of Tulare, California, complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on the Coronavirus State and Local Fiscal Recovery Funds for the year ended June 30, 2024.

Basis for Qualified Opinion
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).

Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor’s Responsibilities for the Audit of Compliance section of our report.

We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with 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 qualified and unmodified opinions on compliance for each major federal program.

Our audit does not provide a legal determination of the City’s compliance with the compliance requirements referred to above.

Matters Giving Rise to Qualified Opinion on the Coronavirus State and Local Fiscal Recovery Funds As described in the accompanying schedule of findings and questioned costs, the City did not comply with requirements regarding the Coronavirus State and Local Fiscal Recovery Funds as described in finding number 2024-003 for Reporting.

Compliance with such requirements is necessary, in our opinion, for the City to comply with the requirements applicable to that program.
4 Responsibilities of Management for Compliance
Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the City’s federal programs.

Auditor’s Responsibilities for the Audit of Compliance
Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City’s compliance based on our 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 generally accepted auditing standards, 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 referred to above 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 City’s compliance with the requirements of each major federal program as a whole.

In performing an audit in accordance with generally accepted auditing standards, Government Auditing Standards, and the Uniform Guidance, we:
 Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material noncompliance, 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 City’s compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.  Obtain an understanding of the City’s internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control over compliance. Accordingly, no such opinion is expressed.

We are required to communicate with those charged with governance 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 identified during the audit.

Other Matters
Government Auditing Standards requires the auditor to perform limited procedures on the City’s response to the noncompliance findings identified in our compliance audit described in the accompanying schedule of findings and questioned costs. The City’s response was not subjected to the other auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response.

Report on Internal Control over Compliance
Our consideration of internal control over compliance was for the limited purpose described in the Auditor’s Responsibilities for the Audit of Compliance section above and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance and therefore, material weaknesses or significant deficiencies may exist that were not identified. However, as discussed below, we did identify certain deficiencies in internal control over compliance that we consider to be material weaknesses.
5 A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis.

A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. We consider the deficiency in internal control over compliance described in the accompanying schedule of findings and questioned costs as item 2024-003 to be a material weakness.

Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed.

Government Auditing Standards requires the auditor to perform limited procedures on the City’s response to the internal control over compliance findings identified in our compliance audit described in the accompanying schedule of findings and questioned costs. The City’s response was not subjected to the other auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response.

The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose.

Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Tulare, California, as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements. We issued our report thereon dated September 26, 2025, which contained unmodified opinions on those financial statements. Our audit was performed for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the 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. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the basic financial statements as a whole.

Clovis, California
September 26, 2025
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Schedule of Expenditures of Federal Awards
The accompanying notes are an integral part of this statement. 6 Federal Grantor/Program or Cluster Title
Assistance Listing
Number Pass-through Grantor and Number
Federal
Expenditures($)
Passed-through to
Subrecipients ($)
Department of Health and Human Services
Aging Cluster-Cluster:

Special Programs for the Aging, Title III, Part C, Nutrition Services 93.045 Tulare County HHSA Federal,2301CAOACM-01 78,410 $ - $ Special Programs for the Aging, Title III, Part C, Nutrition Services 93.045 Tulare County HHSA Federal,2301CAOAHD-01 80,263 - Special Programs for the Aging, Title III, Part C, Nutrition Services 93.045 Tulare County HHSA State,2301CAOACM-01 20,926 - Special Programs for the Aging, Title III, Part C, Nutrition Services 93.045 Tulare County HHSA State,2301CAOAHD-01 - 107,235 Subtotal for 93.045 286,834 -
Nutrition Services Incentive Program 93.053 Tulare County HHSA Federal,2301CAOANS-01 6,510 - Nutrition Services Incentive Program 93.053 Tulare County HHSA Federal,2301CAOANS-01 - 7,066 Subtotal for 93.053 - 13,576
Total Aging Cluster-Cluster 300,410 -
Total Department of Health and Human Services 300,410 - Department of Housing and Urban Development
CDBG - Entitlement Grants-Cluster:

Community Development Block Grants/Entitlement Grants 14.218 B-22-MC-06-0034 109,685 154,330 Community Development Block Grants/Entitlement Grants 14.218 B-23-MC-06-0034 124,125 204,018 Community Development Block Grants/Entitlement Grants 14.218 B-20-MW-06-0034 243 243 Total CDBG - Entitlement Grants-Cluster 358,591 234,053 Total Department of Housing and Urban Development 358,591 234,053 Department of Transportation
Airport Improvement Program - Federal Aviation Administration Grant - CARES: 20.106 30,000 -
--
Federal Railroad Administration Grants 20.325 State of California,CAA - 2020YR - 75,229 Total Department of Transportation 105,229 -
Department of Homeland Security
Disaster Grants - Public Assistance (Presidentially Declared Disasters) 97.036 State of California Office of Emergency
Services,FEMA-4482-DR-CA - 10,231
Total Department of Homeland Security - 10,231
Department of the Treasury
COVID-19 - Coronavirus State and Local Fiscal Recovery Funds 21.027 State of California,A00078-01 169,494 COVID-19 - Coronavirus State and Local Fiscal Recovery Funds 21.027 State of California,A00078-01 185,905 COVID-19 - Coronavirus State and Local Fiscal Recovery Funds 21.027 State of California - 3,009,725 Subtotal for 21.027 3,365,124 -
Total Department of the Treasury 3,365,124 -
Total Expenditures of Federal Awards $ 4,139,585 234,053 $ CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Notes to the Schedule of Expenditures of Federal Awards 7 NOTE 1 – REPORTING ENTITY
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all Federal Awards programs of the City of Tulare, California (the City). The City’s reporting entity is defined in Note 1 to the City’s basic financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule. The information on the Schedule of Expenditures of Federal Awards is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).

NOTE 2 – BASIS OF ACCOUNTING
Consistent with the City’s method of filing federal financial reports, the accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting. Differences, if any, between the schedule and the financial statements (presented on an accrual basis of accounting) are not material.

NOTE 3 – RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Federal award expenditures agree or can be reconciled with the amounts reported in the City’s basic financial statements.

NOTE 4 – SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
The Schedule of Expenditures of Federal Awards presented is prepared from only accounts of the various grant programs and, therefore, does not present the financial position of operations of the city.

NOTE 5 – OUTSTANDING LOANS
The City has issued various loans (such as homebuyer and home improvement loans) through the Community Development Block Grants/Entitlement Grants Program and HOME Investment Partnerships Program. The table below presents the cumulative federally funded loans outstanding as of June 30, 2024. Repayments received on these loans are accounted for as program income, and the loans are not subject to a continuing compliance requirement. Accordingly, the amounts noted below are not reported on the Schedule of Expenditures of Federal Awards.

Assistance Listing
Number Program Title
Balance
06/30/2023 Increase Decrease
Balance
06/30/2024

14.228
Community Development Block
Grants/Entitlement Grants 1,032,097 $ - $ (560,372) $ 471,725 $

14.239
Home Investment Partnerships Program
(HOME) 6,033,044 (64,886) 23,628 5,991,785
Total $ 7,065,141 $ 23,628 $ (625,259) $ 6,463,510
NOTE 6 – INDIRECT COST RATE
The City has elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Notes to the Schedule of Expenditures of Federal Awards 8 NOTE 7 – AMOUNTS PROVIDED TO SUBRECIPIENTS
The City has provided federal awards to various subrecipients. For the year ended June 30, 2024, amounts provided to subrecipients from each federal program are as follows:

Name of Program
Assistance
Listing Number Subrecipient Amount
Community Development Block Grant (CDBG) 14.218 SELF-HELP ENTERPRISES - TULARE COUNTY 4,050 $ Community Development Block Grant (CDBG) 14.218 KINGS/TULARE HOMELESS ALLIANCE 9,033 Community Development Block Grant (CDBG) 14.218 KINGS VIEW 8,064 Community Development Block Grant (CDBG) 14.218 SALT & LIGHT WORKS 18,038 Community Development Block Grant (CDBG) 14.218 HABITAT FOR HUMANITY - TULARE/KINGS COUNTIES 194,625 Community Development Block Grant (CDBG) -
CARES (COVID) 14.218 UNITED WAY OF TULARE COUNTY 243
Total passed through to subrecipients $ 234,053
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Schedule of Findings and Questioned Costs
9 SECTION I – SUMMARY OF AUDITOR’S RESULTS

FINANCIAL STATEMENTS
Type of auditor's report issued: Unmodified
Internal control over financial reporting:

Material weaknesses identified? Yes X No
Significant deficiencies identified -
not considered to be material weaknesses? X Yes None reported Noncompliance material to financial statements noted? Yes X No

FEDERAL AWARDS
Internal control over major programs:

Material weaknesses identified? X Yes No
Significant deficiencies identified -
not considered to be material weaknesses? Yes X None reported Type of auditor's report issued on compliance for
major programs: Modified
Any audit findings disclosed that are required
to be reported in accordance with
2 CFR 200.516(a)? X Yes No
IDENTIFICATION OF MAJOR PROGRAMS:

Assistance Listing Number(s)

21.027 COVID19 - Coronavirus State and Local Fiscal Recovery Funds Dollar threshold used to distinguish
between Type A and Type B programs:

Auditee qualified as low-risk auditee? Yes X No
Name of Federal Program or Cluster
$750,000
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Schedule of Findings and Questioned Costs
(Continued)
10 SECTION II – FINANCIAL STATEMENT FINDINGS
Finding 2024-001 – Incomplete Bank Reconciliation (Significant Deficiency) Condition: During our testing of cash and investments, we noted that the City’s bank reconciliations included an unreconciled difference of approximately $120,000.

Criteria: Sound financial management and internal control practices require that cash accounts be reconciled to bank statements monthly, with all differences identified and resolved timely.

Cause: The City did not investigate and resolve reconciling items during its bank reconciliation process.

Effect: Unreconciled differences in cash accounts increase the risk of undetected errors, misstatements, or irregularities in the City’s financial records.

Recommendation: We recommend that the City perform complete and timely reconciliations of all bank accounts, ensuring all differences are identified, investigated, and resolved promptly.

Management’s Response: See Corrective Action Plan.

Finding 2024-002 – Outdated and Unsupported Overhead Cost Allocation Methodology (Significant Deficiency) Condition: The City used an overhead cost allocation methodology that has not been reviewed or updated for an extended period. The schedule is based on an old roll-forward with minor adjustments made each year; staff were unable to explain the underlying basis or rationale for the allocations. Despite this, the allocations were incorporated into the budget and approved by the City Council.

Criteria: Generally accepted accounting principles and sound financial management practices require that overhead cost allocations be based on a reasonable, supportable methodology. Such methodologies should be periodically reviewed and updated to ensure they reflect current economic conditions and service levels.

Cause: The Finance Department continued to rely on an outdated roll-forward schedule without reviewing or revising the methodology to ensure its continued relevance or accuracy.

Effect: Overhead allocations may not accurately reflect the City’s current operations and costs, which could result in misallocation of expenditures across funds and programs and reduce the reliability of budgetary information presented to decision-makers.

Recommendation: We recommend that the City develop and implement a reasonable, supportable methodology for allocating overhead costs. The methodology should be reviewed at least annually, updated as needed, and formally presented to and approved by the City Council as part of the annual budget process.

Management’s Response: See Corrective Action Plan
CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Schedule of Findings and Questioned Costs
(Continued)
11 SECTION III – FEDERAL AWARD FINDINGS
Finding 2024-003 – Internal Controls Over Reporting (Material Weakness) Condition: The City did not report accurate expenditures during the year in its Project and Expenditure Quarterly Reports for the uses of ARPA funding. The reports contained incorrect project amounts and expenditure classifications due to internal control deficiencies, including insufficient review by someone other than the preparer.

Criteria: Per 2 CFR 200.302(b)(3) and 2 CFR 200.328, recipients of federal funds are required to maintain accurate financial records and report expenditures in accordance with federal award terms. Specifically, recipients of ARPA funding are required to submit accurate quarterly Project and Expenditure Reports to provide transparency and ensure funds are used in compliance with allowable purposes.

Cause: The inaccuracies resulted from a lack of sufficient internal controls over the reporting process.

Specifically:
 No independent review was performed to validate the accuracy and completeness of the quarterly reports.  Documentation of the expenditure allocation process was not consistently maintained to support the reported amounts.
 The timing of the prior year audit limited the City’s ability to implement corrective measures before the FY2025 reports were due.

Effect: The lack of accurate reporting undermines compliance with the reporting requirements of the federal award.

Although no unallowable costs were identified, the inaccuracies may necessitate correction of reported amounts in the future.

Recommendation: We recommend that the City strengthen its internal controls over the reporting process by:

1. Identify and correct previous reporting amounts and balances to ensure the lifetime project is properly reported.

2. Implementing a formal review process where quarterly reports are reviewed and approved by a designated individual other than the preparer.

3. Establishing a documented process for reconciling expenditures reported to the underlying accounting records and federal award guidelines.

4. Providing training to staff responsible for the preparation and review of federal compliance reports to ensure familiarity with reporting requirements.

Management’s Response: See Corrective Action Plan.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Summary Schedule of Prior Audit Findings
12 FINANCIAL STATEMENT FINDINGS
Finding 2023-001 – Financial Close and Reporting (Material Weakness) Condition: The City’s financial balances and activity required various adjustments during the audit to reflect complete and accurate financial statements presented in accordance with generally accepted accounting standards in the United States of America (GAAP).

Criteria: As described in the California State Controller’s “2015 Internal Control Guidelines” an effective internal control system and timely financial reporting of all financial activity provide reasonable assurance for the safeguarding of assets, the reliability of financial information, and compliance with laws and regulations. This includes the design and implementation of control systems that ensure accurate financial reporting in accordance with applicable standards and regulations.

Cause: The City’s year-end closing process was incomplete or improperly designed, failing to identify omissions and errors in the City’s financial data in accordance with GAAP. Contributing to this issue, was a lack of sufficient resources within the finance and administration department in recent years, including staff turnover and inadequate staffing levels resulting in new personnel with significant oversight over the financial close.

Effect: Various adjustments were required to correct the City’s general ledger during our audit, including the following:

1. Fund balance – opening fund balance/net position did not reconcile to the prior year ending balance reported by the City for two (2) City financial statement funds (approximate $83k misstatement in the General Fund and $169k in the internal service funds).

2. Bank reconciliation – The City’s bank reconciliations were initially misstated by approximately $141k as a result of journal entries posted by the City but not considered on the reconciliation.

3. Omission of finance leases – the City did not record debt proceeds related to the finance lease noted during the year. In addition, the related debt balances and repayment information was not included in the City’s debt schedules (approximate misstatement of $12.9m).

4. Fiduciary activities – previously reported fiduciary activities were determined to be related to the City’s own revenue source (developer impact fees) and accordingly, reclassified as a special revenue fund (approximately $21.6m restatement of fund balance/fiduciary net position).

5. Grant revenues – Grant revenues were recorded in the current year that relate to the prior year (approximately $318k overstatement of current year revenues).

6. Unrecorded loans – Unrecorded loans and interfund advances activity identified a $1.5m loan made to other organizations not recorded, in addition to interfund advances that were not repaid in accordance with City established agreements (approximate $205k misstatement).

7. Opening capital assets – Opening capital assets balances and accumulated depreciation identified $36.7m of duplicated accumulated depreciation for various infrastructure capital assets recorded by the City, in addition to various differences in opening balances when compared to the prior year financial statements.

8. Unidentified retirement plan – identified a retirement plan that was not considered during the city’s calculation of liability balances under GASB68.

Recommendation: We recommend that the City reevaluate the current design of the City’s year-end close and incorporate a more rigorous review by those with appropriate skills, knowledge, and experience to identify errors and omissions of financial information in accordance with GAAP. In addition, the City should consider whether additional resources within the finance and administration department are needed to incorporate a more timely and sufficient yearend financial close process.

Status: Partially implemented in current year. See finding 2024-001.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Summary Schedule of Prior Audit Findings
(Continued)
13 FEDERAL AWARD FINDINGS
Finding 2023-002 – Internal Controls Over Reporting (Material Weakness) Condition: The City did not report accurate expenditures during the year in its Project and Expenditure Quarterly Reports for the uses of ARPA funding. The reports contained incorrect project amounts and expenditure classifications due to internal control failures, including insufficient review by someone other than the preparer.

Cause: The inaccuracies resulted from a lack of sufficient internal controls over the reporting process.

Effect: The lack of accurate reporting undermines compliance with the reporting requirements of the federal award.

Although no unallowable costs were identified, the inaccuracies may necessitate correction of reported amounts in the future.

Recommendation: We recommend that the City strengthen its internal controls over the reporting process by:

1. Implementing a formal review process where quarterly reports are reviewed and approved by a designated individual other than the preparer.

2. Establishing a documented process for reconciling expenditures reported to the underlying accounting records and federal award guidelines.

3. Providing training to staff responsible for the preparation and review of federal compliance reports to ensure familiarity with reporting requirements.

Status: Partially implemented in current year. See finding 2024-001.

CITY OF TULARE | FOR THE YEAR ENDED JUNE 30, 2024
Corrective Action Plan
14 Staff Report
Meeting: City Council
Date: October 7, 2025
Department: Engineering Services - Engineering
Submitted by: Michael Miller, City Engineer
Agenda Title: Cross Avenue Traffic Studies and Designation of All-Way Stop

RECOMMENDED ACTION
Receive the results of traffic studies conducted for the intersections of Cross Avenue and Brentwood Street and Cross Avenue and Coelho Avenue; and adopt a resolution designating the intersection of Cross Avenue and Brentwood Street as an all-way stop intersection and authorizing the installation of corresponding stop control.

SUMMARY
The City of Tulare received multiple citizen requests to evaluate traffic operations and safety concerns in the vicinity of the intersections of Cross Avenue and Brentwood Street, and Cross Avenue and Coehlo Street. These concerns were forwarded to the City’s Transportation Management Team, which authorized traffic studies for both intersections. 4Creeks of Visalia, CA was tasked with preparing the studies under their existing on-call services contract with the City to evaluate whether all-way stop or traffic signal warrants identified in the California Manual of Uniform Traffic Control Devices (CA MUTCD) were met for either intersection.

Multi-way stop control warrants require relatively balanced volumes on major or minor approaches or significant delays or crash patterns.

As stated in Section 2, a multi-way stop can be installed as an interim measure to a traffic signal installation, placed in accordance with CA MUTCD and City standards. Given that a traffic signal installation will require funding, design, and construction lead time, it is recommended that the City consider whether an interim multi-way stop should be installed. It is also recommended that the City conduct an Intersection Safety Optimization Assessment Program (ISOAP) evaluation to determine the most beneficial and appropriate traffic control, geometric modifications, or other countermeasures that may provide a more effective long-term solution than a traffic control signal.” Item #: 12.2
General Business
The findings and recommendations of the traffic study were presented to the City’s Transportation Management Team, who concurred and recommends that the intersection of Cross Avenue and Brentwood Street be designated as an all-way stop intersection in accordance with the attached Resolution. In conjunction with the installation of stop control, the Transportation Management Team recommends revisions to the striping pattern on Cross Avenue between Blackstone Street and Laspina Street to implement road diet strategies to reduce the speed of traffic on the roadway.

Traffic volumes, pedestrian activity, crash history, and peak-hour conditions all fall below the thresholds identified in the CA MUTCD for signalization. Installation of a traffic signal under current conditions would therefore not be justified and could result in unnecessary delay or adverse operational impacts.

In summary, neither a multi-way stop nor a traffic signal is recommended at this location. The intersection should continue to operate under two-way stop control, with the addition of red curb parking restrictions along E. Cross Avenue to improve corner sight distance. It is further recommended that the intersection be monitored over time for changes in traffic volumes, pedestrian activity, or safety performance that could warrant reconsideration of traffic control in the future.” The findings and recommendations of the traffic study were presented to the City’s Transportation Management Team, who concurred and recommends that the intersection of Cross Avenue and Coelho Avenue remain as a two-way stop control intersection. The recommended parking restrictions will be implemented to improve corner sight distance at the intersection.

FISCAL IMPACT & FUNDING SOURCES
Funding for the signage and pavement markings associated with the proposed all-way stop designation at the intersection of Cross Avenue and Brentwood Street, and the parking restrictions at the intersection of Cross Avenue and Coelho Avenue is budgeted to cover the estimated $2,500 expense through the Street Department’s Maintenance Materials account.

ENVIRONMENTAL REVIEW
This action does not constitute a “project” pursuant to the California Environmental Quality Act (CEQA)

CONFLICT OF INTEREST
Staff is not aware of any conflicts of interest.

LEGAL REVIEW
This item does not require legal review.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as a part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes – Staff would work with the consultant that prepared the traffic study to address changes requested by Council.

2. Deny – Council could opt to not approve the resolution, resulting in the intersection remaining as a 1- way stop control intersection. The City could incur liability by not following the recommendations of the traffic study, which were based upon the standards and guidelines contained within the CA MUTCD.

3. Table – Tabling the item would delay implementation of the recommendations of the traffic study, which could carry some liability risk.

ATTACHMENTS

1. Main Body of 4Creeks Traffic Study for Cross Avenue and Brentwood Street

2. Main Body of 4Creeks Traffic Study for Cross Avenue and Coelho Avenue

3. Resolution
Reviewed/Approved: TG
Cross Avenue and Brentwood Street
Multi-Way Stop and Traffic Signal Warrant Analyses
City of Tulare, CA
August 26, 2025
Prepared For:

Michael Miller, City Engineer
City of Tulare
411 East Kern Avenue
Tulare, CA 93274
Prepared By:
4Creeks, Inc.
324 S. Santa Fe Street, Suite A
Visalia, CA 93292
4Creeks’ Project No.: 251473
City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | i
Table of Contents

1.0 Project Overview....................................................................................................................................................................................1

1.1 Existing Conditions......................................................................................................................................................................1

1.2 Data Collection..............................................................................................................................................................................1

1.3 Crash History..................................................................................................................................................................................2

2.0 Multi-Way Stop Warrant.................................................................................................................................................................2

2.1 Multi-Way Stop Warrant Methodology ......................................................................................................................2

2.1.1 Criterion A – Interim Measure.....................................................................................................................................3

2.1.2 Criterion B - Crash History.............................................................................................................................................3

2.1.3 Criterion C - Traffic Volume .........................................................................................................................................3

2.1.4 Criterion D - Combination Warrant ...................................................................................................................... 4

2.2 Optional Warrants..................................................................................................................................................................... 4

2.2.1 Left-Turn Conflicts .............................................................................................................................................................. 4

2.2.2 Vehicle/Pedestrian Conflicts...................................................................................................................................... 5

2.2.3 Visibility ....................................................................................................................................................................................... 5

2.2.4 Residential Collector Street......................................................................................................................................... 6

3.0 Signal Warrant Analysis................................................................................................................................................................. 6

3.1 Signal Warrant Methodology............................................................................................................................................ 6

3.2.1 Warrant 1, Eight-Hour Vehicular Volume............................................................................................................7

3.2.2 Warrant 2, Four-Hour Vehicular Volume........................................................................................................... 8

3.2.3 Warrant 3, Peak Hour........................................................................................................................................................ 8

3.2.4 Warrant 4, Pedestrian Volume.................................................................................................................................. 9

3.2.5 Warrant 5, School Crossing......................................................................................................................................... 9

3.2.6 Warrant 7, Crash Experience .....................................................................................................................................10

4.0 Results and Conclusions............................................................................................................................................................... 11 Attachment A: Multi-Modal Turning Movement Reports, Speed Report, and Vehicle StopDelays Report Attachment B: Collison Records
Attachment C: Corner Sight Distance Exhibit
Attachment D: Traffic Signal Warrant Worksheets
Resources: CA MUTCD – Section 2B.07, Multi-way Stop Application CA MUTCD – Chapter 4C, Traffic Control Signal Needs Studies City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 1

1.0 Project Overview
The City of Tulare requested 4Creeks to conduct a multi-way stop warrant and traffic signal warrant analyses for the intersection of E. Cross Avenue and N. Brentwood Street. These analyses evaluated existing traffic volumes, crash history, and existing traffic conditions. This study has been conducted in accordance with the latest version of the California Manual on Uniform Traffic Control Devices (CA MUTCD), as well as the California Department of Transportation (Caltrans) Highway Design Manual (HDM), 7th Edition, 2019.

1.1 Existing Conditions
The study intersection is currently a T-intersection with eastbound stop control on N.

Brentwood Street. The major street is E. Cross Avenue, which is a two-lane minor arterial street with designated bike lanes, on-street parking, and a posted speed limit of 40 miles per hour (mph). The minor street, N. Brentwood Street, is a two-lane secondary collector with designated on-street parking and a posted speed limit of 35 mph. The area around this intersection is zoned as low- and medium-density residential.

1.2 Data Collection
Existing weekday traffic volume counts (including vehicles, pedestrians, and bicycles) were collected at the study intersection by Metro Traffic Data, Inc. on Wednesday, June 4, 2025, for a 24-hour period. On the same day, vehicle stop delays and a speed survey were also collected.

The data collected can be found in Attachment A.

The traffic data indicated a total of 12,339 vehicles per day at the study intersection. The morning and afternoon peak hours were 11:45 a.m. to 12:45 p.m. and 3:45 p.m. to 4:45 p.m. with 933 and 951 total vehicles entering the intersection each peak hour, respectively. There was a total of 105 trucks per day at the intersection, with 8 trucks in the a.m. peak hour and 10 trucks in the p.m. peak hour. The peak hour truck percentage was determined to be approximately 1% for both the a.m. and p.m. peak hours.

The traffic data indicated a total of 15 bicycles and 20 pedestrians per day entering the intersection. No bicycles were present in either peak hour. There were 14 pedestrian crossings that occurred across N. Brentwood Street, the west leg of the intersection. The remaining 6 pedestrian crossings occurred across E. Cross Avenue, the north leg of the intersection. Of the 20 pedestrian crossings, 4 occurred during the a.m. peak hour and 1 occurred during the p.m. peak hour. All peak hour pedestrians crossings were across N. Brentwood Street.

City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 2
The speed survey indicates the 85th-percentile speed (the speed at or below which 85 percent of the drivers are traveling on a roadway segment) on E. Cross Avenue is 41 mph and the average speed is 37 mph.

1.3 Crash History
The collision records for the intersection studied were obtained from the City of Tulare Police Department for the period of 2020 to 2025. During this time, there were 10 collisions that occurred at the intersection of E. Cross Avenue and N. Brentwood Street. None of the collisions resulted in injury or fatality nor involved a pedestrian or bicyclist. There were 4 rear-end collisions, 3 side swipes, 1 head-on, 1 hit object, and 1 broad side collision. Collision data can be found in Attachment B.

2.0 Multi-Way Stop Warrant

2.1 Multi-Way Stop Warrant Methodology
Per the CA MUTCD, Section 2B.07, Multi-Way Stop Applications, the following criteria should be considered in the engineering study for a multi-way stop sign installation:

A. Where traffic control signals are justified, the multi-way stop is an interim measure that can be installed quickly to control traffic while arrangements are being made for the installation of the traffic control signal.

B. Five or more reported crashes in a 12-month period that are susceptible to correction by a multi-way stop installation. Such crashes include right-turn and left-turn collisions as well as right-angle collisions.

C. Minimum volumes:

1. The vehicular volume entering the intersection from the major street approaches (total of both approaches) averages at least 300 vehicles per hour for any 8 hours of an average day; and

2. The combined vehicular, pedestrian, and bicycle volume entering the intersection from the minor street approaches (total of both approaches) averages at least 200 units per hour for the same 8 hours, with an average delay to minor-street vehicular traffic of at least 30 seconds per vehicle during the highest hour; but

3. If the 85th-percentile approach speed of the major-street traffic exceeds 40 mph, the minimum vehicular volume warrants are 70 percent of the values provided in Items 1 and 2.

City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 3
D. Where no single criterion is satisfied, but where Criteria B, C.1, and C.2 are all satisfied with 80 percent of the minimum values. Criterion C.3 is excluded from this condition.

Option:

Other criteria that may be considered in an engineering study include:

A. The need to control left turn conflicts;
B. The need to control vehicle/pedestrian conflicts near locations that generate high pedestrian volumes;
C. Locations where a road user, after stopping, cannot see conflicting traffic and is not able to negotiate the intersection unless conflicting traffic is also required to stop; and
D. An intersection of two residential neighborhood collector (through) streets of similar design and operating characteristics where multi-way stop control would improve traffic operational characteristics of the intersection.

2.1.1 Criterion A – Interim Measure
The installation of a traffic control signal is not currently planned at this intersection; therefore, Criterion A shown above is not applicable. However, traffic signal warrants will be reviewed as part of Section 3 of this report to determine if a traffic signal is warranted at this location.

2.1.2 Criterion B - Crash History
After analyzing the crash data obtained from the City of Tulare Police Department, there were less than 5 crashes reported within any 12-month period of the 5 years evaluated. Thus, Criterion B is not met. Crash data is included in Attachment B.

2.1.3 Criterion C - Traffic Volume
For a multi-way stop to be warranted based on the volume criteria in the CA MUTCD, the major street (E. Cross Avenue) would need to average a minimum of 300 vehicles per hour (vph) for any eight hours of an average day. In addition, the minor street (N. Brentwood Street) would need an average combined vehicle, pedestrian, and bicycle volume of 200 units or more in the same 8-hour period, as well as an average delay to minor street vehicle traffic of at least 30 seconds per vehicle during the highest hour.

The major street (E. Cross Avenue) experienced an 85th-percentile approach speed of 41 mph and has a posted speed limit of 40 mph. Since the 85th-percentile speed exceeds 40 mph, the intersection can be evaluated using reduced volumes. The minimum vehicular volumes City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 4
warrants shall be 70 percent of the values indicated previously. E. Cross Avenue is required to meet a minimum average volume of 210 vph and N. Brentwood Street would need to meet a minimum average volume of 140 vph.

The eight hours with the highest major street volumes were 7:30 a.m. to 8:30 a.m., 11:00 a.m. to 3:00 p.m.; 3:45 p.m. to 4:45 p.m., and between 5:00 p.m. to 7:00 p.m. The average volume entering the intersection from E. Cross Avenue for these eight hours was 667 vph and the average combined vehicle, pedestrian, and bicycle volume entering the intersection from N.

Brentwood Street for the same eight hours was 207 vph. The average delay during the a.m. and p.m. peak hours for the minor street (N. Brentwood Street) was 10 seconds and 8 seconds, respectively.

The vehicular volumes entering the intersection from the major and minor streets did meet the criteria outlined in the CA MUTCD; however, the minor street did not meet the average delay criteria. Since every part of Criterion C was not met, a multi-way stop is not warranted based on Criterion C.

2.1.4 Criterion D - Combination Warrant
The combination warrant only applies when none of the preceding criteria are met but the crash and minimum volume criteria can all be satisfied to 80 percent of the minimum values.

This would require 4 crashes in a 12-month period; 240 vph on the major street for eight hours; and 160 vehicles, pedestrians, and bicycles per hour on the minor street during the same eight hours. The major and minor street volume criteria were met with the 80 percent requirements; however, the crash volumes were not. A multi-way stop is not warranted based on Criterion D.

2.2 Optional Warrants
The CA MUTCD also provides four optional warrants that can be considered with engineering judgement to warrant a multi-way stop.

2.2.1 Left-Turn Conflicts
The optional warrant for left-turn conflicts is intended to address situations where left-turning vehicles from the minor street experience frequent conflicts with oncoming through traffic on the major street. A review of collision history found 3 crashes related to improper turning movements over the five-year study period. Considering both the limited crash history, lower traffic volumes and delays on the minor street, the data does not indicate the presence of a significant left-turn conflict. Therefore, the left-turn conflicts optional warrant is not satisfied.

City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 5

2.2.2 Vehicle/Pedestrian Conflicts
This warrant addresses pedestrian and vehicle conflicts in high pedestrian areas. There were 20 pedestrians in a 24-hour period. There was a total of 14 pedestrians crossing across N.

Brentwood Street, the west leg of the intersection. The remaining 6 pedestrian crossings occurred across E. Cross Avenue, the north leg of the intersection. Of the 20 pedestrian crossings, 4 occurred during the a.m. peak hour and 1 occurred during the p.m. peak hour.

Given the low pedestrian volume, as well as there being no reported vehicle/pedestrian crashes at this intersection, there is no evidence of the need to control vehicle/pedestrian conflicts. The vehicle/pedestrian conflicts optional warrant is not satisfied.

2.2.3 Visibility
When an intersection does not have stop controls, a clear line of sight needs to be maintained between the driver on the minor street (N. Brentwood Street) and the driver on the major street (E. Cross Avenue). The Caltrans’ HDM indicates that “adequate time should be provided for the stopped vehicle on the minor road to either cross all lanes of through traffic, cross the near lanes and turn left, or turn right, without requiring through traffic to radically alter their speed.” Corner sight distance was evaluated based on design criteria in Section 405.1 of the Caltrans HDM.

Recommended sight distances for public streets are based on corner sight distance and the approach speed of the major street. As previously noted, E. Cross Avenue experienced an 85thpercentile speed of 41 mph. The minimum acceptable corner sight distance (feet) is determined by the equation below, where Vm is the design speed (mph) of the major street and Tg is the time gap (seconds) for the minor street vehicle to enter the major street.

1.47VmTg
Per HDM recommendations for passenger cars, Tg is 7.5 seconds for left turns from the minor street and 6.5 seconds for right turns and crossing maneuvers from the minor street. The recommended corner sight distances are 452 feet for left turns and 392 feet for right turns and crossing maneuvers from N. Brentwood Street, respectively.

City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 6

2.2.4 Residential Collector Street
For this warrant to be applicable, the intersection in question must consist of two residential neighborhood collector streets of similar designs and operating characteristics. E. Cross Avenue is not a residential street and is not of similar design to N. Brentwood Street. The optional residential collector street warrant is not applicable.

3.0 Signal Warrant Analysis

3.1 Signal Warrant Methodology
The CA MUTCD, Chapter 4C, Traffic Control Signal Needs Studies, contains nine traffic signal warrants which address a variety of criteria to be considered in an engineering study to establish a minimum criterion for consideration of traffic signal installation. The investigation to determine the need for a traffic signal should include analyses of the applicable factors contained in the nine warrants and factors related to safety and existing operations at the study intersection and the potential to improve these conditions. The nine warrants are listed below:
x Warrant 1, Eight-Hour Vehicular Volume
x Warrant 2, Four-Hour Vehicular Volume
x Warrant 3, Peak Hour
x Warrant 4, Pedestrian Volume
x Warrant 5, School Crossing
x Warrant 6, Coordinated Signal System
x Warrant 7, Crash Experience
x Warrant 8, Roadway Network
x Warrant 9, Intersection Near a Grade Crossing
Warrants 1 through 5 and Warrant 7 have been included in this study. Warrant 3, Peak Hour, has been included as it is commonly used. However, it should be noted that the CA MUTCD indicates “this signal warrant shall be applied only in unusual cases, such as office complexes, manufacturing plants, industrial complexes, or high-occupancy vehicle facilities that attract or discharge large numbers of vehicles over a short time.” Warrants 6, 8, and 9 are omitted as they do not appear to be appropriate for the intersection studied. Warrant 6, Coordinated Signal System, is intended to determine when a traffic signal may be needed in a coordinated signal system to maintain proper platooning of vehicles.

Warrant 8, Roadway Network, is intended to justify the need for a traffic signal at some intersections to encourage concentration and organization of traffic flow on a roadway City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 7
network. Warrant 9, Intersection Near a Grade Crossing, applies when the other warrants are not met, but the proximity to a railroad grade crossing is the reason for consideration of a traffic signal. These warrants (Warrants 6, 8, and 9) do not apply to the study intersection and have been omitted from further analyses.

The criteria for each applicable warrant are described below as well as the general analyses results. Traffic signal warrant worksheets are included in Attachment D.

3.2.1 Warrant 1, Eight-Hour Vehicular Volume
The purpose of Warrant 1 is to determine if a traffic signal is warranted due to a consistently high volume of traffic at the intersection. Condition A, Minimum Vehicular Volume, applies when a large volume of intersecting traffic is the main reason for warranting a traffic signal.

Condition B, Interruption of Continuous Traffic, applies when Condition A is not met but the major street (E. Cross Avenue) traffic is so heavy that the minor street (N. Brentwood Street) traffic experiences excessive delays or conflict in entering or crossing the major street. See the traffic signal warrant worksheets included in Attachment D.

Warrant 1 may be met if minimum volumes are met for either:
x Condition A; or
x Condition B; or
x Both Conditions A and B are met at the 80% level after adequate trial of other remedial measures.

Per the CA MUTCD, if the major street speed exceeds 40 mph or the intersection is in an isolated community with a population of less than 10,000, the minimum traffic volumes for the warrant to be met may be adjusted as follows:
x Condition A at the 70% level; or
x Condition B at the 70% level; or
x Both Conditions A and B at a 56% level after adequate trial of other remedial measures have been taken.

The posted speed limit is 40 mph and the 85th-percentile speed exceeds 40 mph; therefore, the lower minimum volumes to warrant the traffic signal have been utilized for this analysis.

After comparing the traffic volumes of the eight highest hours of the study intersection with the volumes as shown in the traffic signal worksheets, Condition A and Condition B are met.

The criteria for Warrant 1 has been met.

City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 8

3.2.2 Warrant 2, Four-Hour Vehicular Volume
Warrant 2, Four-Hour Vehicular Volume, is also intended to apply where the volume of intersecting traffic is the primary reason to consider the installation of a traffic signal. Per the CA MUTCD, the need for a traffic signal shall be considered if for each of any four hours of an average day, the plotted point for the vehicles per hour on the major street (E. Cross Avenue) and the corresponding vehicles per hour on the minor street (N. Brentwood Street) approach fall above an applicable curve as shown on the traffic signal worksheets. The 85th-percentile speed for the study intersection is above 40 mph; therefore, Figure 4C-2 of the traffic signal worksheets has been utilized and is shown in Attachment D. As shown in the attachment, Warrant 2 is met.

3.2.3 Warrant 3, Peak Hour
Warrant 3, Peak Hour, is intended for use at a location where traffic conditions are such that for a minimum of one hour of an average day, the minor street traffic suffers undue delay. It should be noted that although this warrant is commonly used, per the CA MUTCD definition, it is intended to be applied only in unusual cases that attract or discharge large numbers of vehicles over a short period of time such as office complexes, manufacturing plants, or industrial complexes.

See the traffic signal warrant worksheets included in Attachment D. As shown in the attachment, under Warrant 3, a traffic signal may be warranted if the study finds the criteria in either of the following two categories are met:

A. If all three of the following conditions exist for the same one hour (any four consecutive 15-minute periods) of an average day:

1. The total stopped time delay experience by the traffic on one minor-street approach (one direction only) controlled by a STOP sign equals or exceeds:
four vehicle-hours for a one-lane approach or five vehicle-hours for a twolane approach; and

2. The volume on the same minor street approach (one direction only) equals or exceeds 100 vehicles per hour for one moving lane of traffic or 150 vehicles per hour for two moving lanes; and

3. The total entering volume serviced during the hour equals or exceeds 650 vehicles per hour for intersections with three approaches or 800 vehicles per hour for intersections with four or more approaches.

B. The plotted point representing the vehicles per hour on the major street (total of both approaches) and the corresponding vehicles per hour on the higher-volume City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 9
minor-street approach (one direction only) for one hour (any four consecutive 15- minute periods) of an average day falls above the applicable curve in Figure 4C-3 (Figure 4C-4 for major street 85th-percentile speeds exceeding 40 mph) for the existing combination of approach lanes. See the traffic signal warrant worksheets in Attachment D.

Based on the data taken, the hour with the highest major street traffic (total of both approaches) and corresponding minor street traffic (one approach only) is from 1:00 p.m. to 2:00 p.m. Criteria 2 and 3 of Part A are met but Criterion 1 is not met; therefore, Part A is not met.

When the intersection was evaluated using the criteria for Part B, the minimum volume requirements were met. This warrant only requires Part A or Part B to be met to be satisfied.

Warrant 3 is satisfied.

3.2.4 Warrant 4, Pedestrian Volume
Warrant 4, Pedestrian Volume, is intended for application where the traffic volume on a major street is so heavy that pedestrians experience excessive delay in crossing the major street.

See the traffic signal warrant worksheets included in Attachment D. As shown in the attachment, under Warrant 4, a traffic control signal or a midblock crossing shall be considered if the minimum vehicular and pedestrian volumes meet the criteria for either:
x Condition A; or
x Condition B.

Per the CA MUTCD, if the major street speed exceeds 35 mph or the intersection is in an isolated community with a population of less than 10,000, the minimum traffic volumes for the warrant to be met may be adjusted to 70% of the required volumes found within Conditions A and B.

The posted speed limit and the 85th-percentile speed both exceed 35 mph; therefore, the lower minimum volumes to warrant the traffic signal have been utilized for this analysis. After comparing the traffic volumes of the study intersection with the corresponding pedestrian volumes as shown in the traffic signal worksheets, neither Condition A nor B were met.

Warrant 4 is not met.

3.2.5 Warrant 5, School Crossing
Warrant 5, School Crossing, is intended for application where the presence of schoolchildren crossing the major street is the principal reason to consider installing a traffic control signal.

City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 10
For the purposes of this study, “schoolchildren” will include elementary through high school aged students.

This warrant states that a signal shall be considered if the following criteria have been efficiently met:
x The frequency and adequacy of gaps in the vehicular traffic stream limit the ability for schoolchildren to adequately cross. The number of adequate gaps in the traffic stream during the period when the schoolchildren are using the crossing is less than the number of minutes in the same period and there is a minimum of 20 schoolchildren during the highest crossing hour.
x Consideration has been given to the implementation of other remedial measures. o Warning signs and flashers,
o School speed zones,
o School crossing guards, or
o A grade-separated crossing.
x The School Crossing signal warrant shall not be applied at locations where the distance to the nearest traffic control signal along the major street is less than 300 feet unless the proposed traffic control signal will not restrict the progressive movement of traffic.

During the study period, fewer than the required 20 schoolchildren per hour were observed utilizing the crosswalks within the study intersection. Because the minimum pedestrian volume threshold was not met, a pedestrian gap study was not conducted. Accordingly, Warrant 5 is not satisfied.

3.2.6 Warrant 7, Crash Experience
Warrant 7, Crash Experience, is intended to apply where the severity and frequency of crashes is the primary reason for the installation of a traffic signal. Per the CA MUTCD, the traffic signal may be considered if an adequate trial of alternatives with satisfactory observance and enforcement failed to reduce the crash frequency, if there have been 5 or more reported crashes of types susceptible to correction by a traffic control signal that occurred within a 12- month period, and if minimum traffic volume requirements have been met.

Based on the collision data provided by the City of Tulare Police Department for the five-year study period of 2020 through 2025, there were 10 collisions at the subject intersection. However, there were not 5 crashes within a 12-month period. Warrant 7 is not met. Related crash data is included in Attachment B.

City of Tulare
E. Cross Avenue and N. Brentwood Street – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 11

4.0 Results and Conclusions
The results of the multi-way stop warrant analysis indicate that installation of a multi-way stop is not warranted based on the criteria established in the CA MUTCD. None of the criteria for a multi-way stop was met, including the optional warrants for left-turn conflicts, vehicle/pedestrian conflicts, visibility, and residential collector streets.

Cross Avenue and Coelho Avenue
Multi-Way Stop and Traffic Signal Warrant Analyses
City of Tulare, CA
August 25, 2025
Prepared For:

Michael Miller, City Engineer
City of Tulare
411 East Kern Avenue
Tulare, CA 93274
Prepared By:
4Creeks, Inc.
324 S. Santa Fe Street, Suite A
Visalia, CA 93292
4Creeks’ Project No.: 251473
City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | i
Table of Contents

1.0 Project Overview..................................................................................................................................................................................1

1.1 Existing Conditions....................................................................................................................................................................1

1.2 Data Collection............................................................................................................................................................................1

1.3 Crash History............................................................................................................................................................................... 2

2.0 Multi-Way Stop Warrant.............................................................................................................................................................. 2

2.1 Multi-Way Stop Warrant Methodology ................................................................................................................... 2

2.1.1 Criterion A – Interim Measure....................................................................................................................................3

2.1.2 Criterion B - Crash History............................................................................................................................................3

2.1.3 Criterion C - Traffic Volume ........................................................................................................................................3

2.1.4 Criterion D - Combination Warrant.......................................................................................................................4

2.2 Optional Warrants...................................................................................................................................................................4

2.2.1 Left-Turn Conflicts ..............................................................................................................................................................4

2.2.2 Vehicle/Pedestrian Conflicts ......................................................................................................................................4

2.2.4 Residential Collector Street .........................................................................................................................................6

3.0 Signal Warrant Analysis...............................................................................................................................................................6

3.1 Signal Warrant Methodology..........................................................................................................................................6

3.2.1 Warrant 1, Eight-Hour Vehicular Volume ........................................................................................................... 7

3.2.2 Warrant 2, Four-Hour Vehicular Volume ...........................................................................................................8

3.2.3 Warrant 3, Peak Hour ........................................................................................................................................................8

3.2.4 Warrant 4, Pedestrian Volume ...................................................................................................................................9

3.2.5 Warrant 5, School Crossing ........................................................................................................................................ 10

3.2.6 Warrant 7, Crash Experience...................................................................................................................................... 10

4.0 Results and Conclusions.............................................................................................................................................................11 Attachment A: Multi-Modal Turning Movement Reports, Speed Report, and Vehicle StopDelays Report Attachment B: Collison Records
Attachment C: Corner Sight Distance Exhibit
Attachment D: Traffic Signal Warrant Worksheets
Resources: CA MUTCD – Section 2B.07, Multi-Way Stop Application CA MUTCD – Chapter 4C, Traffic Control Signal Needs Studies City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 1

1.0 Project Overview
The City of Tulare requested 4Creeks to conduct a multi-way stop warrant and traffic signal warrant analyses for the intersection of E. Cross Avenue and E. Coelho Avenue. These analyses evaluated existing traffic volumes, crash history, and existing traffic conditions. This study has been conducted in accordance with the latest version of the California Manual on Uniform Traffic Control Devices (CA MUTCD), as well as the California Department of Transportation (Caltrans) Highway Design Manual (HDM), 7th Edition, 2019.

1.1 Existing Conditions
The study intersection is currently a four-legged intersection with stop controls for the east and west legs, E. Coelho Avenue. The major street, E. Cross Avenue, is a two-lane minor arterial street with designated bike lanes, on-street parking, and a posted speed limit of 40 miles per hour (mph). The minor street, E. Coelho Avenue, is an unstriped residential street with on-street parking on each side and an unposted speed limit of 25 mph. The area around this intersection is zoned as low-density residential.

1.2 Data Collection
Existing weekday traffic volume counts (including vehicles, pedestrians, and bicycles) were taken at the study intersection by Metro Traffic Data, Inc. on Wednesday, June 4, 2025, for a 24-hour period. On the same day, vehicle stop delays and a speed survey were also collected. The data collected can be found in Attachment A.

The traffic data indicated a total of 11,628 vehicles per day at the intersection. The morning and afternoon peak hours were 11:45 a.m. to 12:45 p.m. and 3:45 to 4:45 p.m. with 885 and 876 total vehicles entering the intersection each peak hour, respectively. The traffic data indicates a total of 85 trucks per day at the intersection. There were 8 trucks in the a.m. peak hour and 5 trucks in the p.m. peak hour, resulting in less than 1% of the total traffic.

The traffic data indicates a total of 18 bicycles and 48 pedestrians per day entering the intersection. There was 1 bicycle in the a.m. peak hour and 1 in the p.m. peak hour. There were 4 pedestrians during the a.m. peak hour and none during the p.m. peak hour. There was a total of 45 pedestrians crossing E. Coelho Avenue: 31 across the east leg of the intersection and 14 across the west leg. The remaining 3 occurred across Cross Avenue, 2 across the north leg of the intersection and 1 across the south leg.

City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 2
The speed survey indicates the 85th-percentile speed (the speed at or below which 85 percent of the drivers are traveling on a roadway segment) on E. Cross Avenue is 41 mph. The average speed is 37 mph.

1.3 Crash History
The collision records for the intersection studied were obtained from the City of Tulare Police Department for the period between 2020 to 2025. During this time, there was only 1 reported collision that occurred at the studied intersection in 2021. The crash did not result in injury or fatality and did not involve a pedestrian or bicyclist. Crash data is included in Attachment B.

2.0 Multi-Way Stop Warrant

C. Minimum volumes:

1. The vehicular volume entering the intersection from the major street approaches (total of both approaches) averages at least 300 vehicles per hour for any 8 hours of an average day; and

3. If the 85th-percentile approach speed of the major-street traffic exceeds 40 mph, the minimum vehicular volume warrants are 70 percent of the values provided in Items 1 and 2.

D. Where no single criterion is satisfied, but where Criteria B, C.1, and C.2 are all satisfied with 80 percent of the minimum values. Criterion C.3 is excluded from this condition.

City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 3
Option:

Other criteria that may be considered in an engineering study include:

2.1.3 Criterion C - Traffic Volume
For a multi-way stop to be warranted based on the volume criteria in the CA MUTCD, the major street (E. Cross Avenue) would need to average a minimum of 300 vehicles per hour (vph) for any eight hours of an average day. In addition, the minor street (E. Coelho Avenue) would need an average combined vehicle, pedestrian, and bicycle volume of 200 units or more in the same 8-hour period, as well as an average delay to minor street vehicle traffic of at least 30 seconds per vehicle during the highest hour.

The major street (E. Cross Avenue) experienced an 85th-percentile approach speed of 41 mph and has a posted speed limit of 40 mph. Since the 85th-percentile speed exceeds 40 mph, the intersection can be evaluated using reduced volumes. The minimum vehicular volumes warrants shall be 70 percent of the values indicated previously. E. Cross Avenue would need to meet a minimum average volume of 210 vph and E. Coelho Avenue would need to meet a minimum average volume of 140 vph.

City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 4
The eight hours with the highest major street volumes are from 7:30 a.m. to 8:30 a.m., 11:45 a.m. to 4:45 p.m., and from 5:00 p.m. to 7:00 p.m. The average volume entering the intersection from E. Cross Avenue for the highest volume eight hours was 796 vph and the average combined vehicle, pedestrian, and bicycle volume entering the intersection from E.

Coelho Avenue for the same eight hours was 34 vph. The average delay during the a.m. and p.m. peak hours for the minor street (E. Coelho Avenue) was 13 seconds and 10 seconds, respectively.

The vehicular volume entering the intersection from the major street met the criteria outlined in the CA MUTCD; however, the minor street did not meet the combined vehicular, pedestrian, and bicycle volume nor the average delay criteria. Since all areas of criteria were not met, a multi-way stop is not warranted based on the volume criteria.

The volume constraints outlined in the CA MUTCD were only met for the major street, E. Cross Avenue. The minor street volumes, as well as the delays experienced, did not meet the necessary criteria. A multi-way stop is not warranted based on Criterion C.

This would require 4 crashes in a 12-month period; 240 vph on the major street for eight hours; and 160 vehicles, pedestrians, and bicycles per hour on the minor street during the same eight hours. The total crashes and the volume criteria were not met with the 80 percent requirements. A multi-way stop is not warranted based on Criterion D.

2.2 Optional Warrants
The CA MUTCD also provides four optional warrants that can be considered with engineering judgement to warrant a multi-way stop.

2.2.1 Left-Turn Conflicts
This optional warrant is intended to control conflicts between left-turning traffic on the major street with oncoming through traffic. Given the crash history and low minor street volume, there is no evidence of a left-turn conflict. The left-turn conflicts optional warrant is not met.

2.2.2 Vehicle/Pedestrian Conflicts
This warrant addresses pedestrian and vehicle conflicts in high pedestrian areas. There were 48 pedestrians in a 24-hour period. There was a total of 45 pedestrians crossing E. Coelho City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 5
Avenue: 31 across the east leg of the intersection and 14 across the west leg. The remaining 3 occurred across Cross Avenue: 2 across the north leg of the intersection and 1 across the south. There were 4 pedestrians during the a.m. peak hour and none during the p.m. peak hour. Given the low pedestrian volume, as well as there being no reported vehicle/pedestrian crashes at this intersection, there is no evidence of the need to control vehicle/pedestrian conflicts. The vehicle/pedestrian conflicts optional warrant is not met.

2.2.3 Visibility
When an intersection does not have stop controls, a clear line of sight needs to be maintained between the driver on the minor street (E. Coelho Avenue) and the driver on the major street (E. Cross Avenue). The Caltrans’ HDM indicates that “adequate time should be provided for the stopped vehicle on the minor road to either cross all lanes of through traffic, cross the near lanes and turn left, or turn right, without requiring through traffic to radically alter their speed.” Corner sight distance was evaluated based on the design criteria in Section 405.1 of the Caltrans’ HDM.

Recommended sight distances for public streets are based on corner sight distance and the approach speed of the major street. As previously noted, E. Cross Avenue experienced an 85th-percentile speed of 41 mph. The minimum acceptable corner sight distance (feet) is determined by the equation below, where Vm is the design speed (mph) of the major street and Tg is the time gap (seconds) for the minor street vehicle to enter the major street.

The corner sight distance evaluation reviewed two decision points: an 8-foot setback from the stop bar (Decision Point A) and a 10-foot setback from the edge of travel way (Decision Point B). The site-specific analysis is provided in Attachment C. With the installation of red curb to restrict parking along E. Cross Avenue, as illustrated in Attachment C, available sight distance would be improved. At Decision Point B, the recommended corner sight distance can be achieved; however, visibility at Decision Point A remains constrained due to the intersection’s location between two roadway curves and the presence of residential fencing City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 6
and block walls. Therefore, the optional warrant for restricted corner sight distance is not considered satisfied, since adequate sight distance is attainable at Decision Point B.

2.2.4 Residential Collector Street
For this warrant to be applicable, the intersection in question must consist of two residential neighborhood collector streets of similar designs and operating characteristics. E. Cross Avenue is not a residential collector street and is not of similar cross section design to E.

Coelho Avenue. This optional residential collector street warrant is not applicable.

3.0 Signal Warrant Analysis

3.1 Signal Warrant Methodology
The CA MUTCD, Chapter 4C, Traffic Control Signal Needs Studies, contains nine traffic signal warrants which address a variety of criteria to be considered in an engineering study to establish a minimum criterion for consideration of traffic signal installation. The investigation to determine the need for a traffic signal should include analyses of the applicable factors contained in the nine warrants and factors related to safety and existing operations at the study intersection and the potential to improve these conditions. The nine warrants are listed below:
x Warrant 1, Eight-Hour Vehicular Volume
x Warrant 2, Four-Hour Vehicular Volume
x Warrant 3, Peak Hour
x Warrant 4, Pedestrian Volume
x Warrant 5, School Crossing
x Warrant 6, Coordinated Signal System
x Warrant 7, Crash Experience
x Warrant 8, Roadway Network
x Warrant 9, Intersection Near a Grade Crossing
Warrants 1 through 5 and Warrant 7 have been included in this study. Warrant 3, Peak Hour, has been included as it is commonly used. However, it should be noted that the CA MUTCD indicates “this signal warrant shall be applied only in unusual cases, such as office complexes, manufacturing plants, industrial complexes, or high-occupancy vehicle facilities that attract or discharge large numbers of vehicles over a short time.” Warrants 6, 8, and 9 are omitted as they do not appear to be appropriate for the intersection studied. Warrant 6, Coordinated Signal System, is intended to determine when a traffic signal City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 7
may be needed in a coordinated signal system to maintain proper platooning of vehicles.

Warrant 8, Roadway Network, is intended to justify the need for a traffic signal at some intersections to encourage concentration and organization of traffic flow on a roadway network. Warrant 9, Intersection Near a Grade Crossing, applies when the other warrants are not met, but the proximity to a railroad grade crossing is the reason for consideration of a traffic signal. These warrants (Warrants 6, 8, and 9) do not apply to the study intersection and have been omitted from further analyses.

The criteria for each applicable warrant are described below as well as the general analyses results. Traffic signal warrant worksheets are included in Attachment D.

Condition B, Interruption of Continuous Traffic, applies when Condition A is not met but the major street (E. Cross Avenue) traffic is so heavy that the minor street (E. Coelho Avenue) traffic experiences excessive delays or conflict in entering or crossing the major street. See the traffic signal warrant worksheets included in Attachment D.

Warrant 1 may be met if minimum volumes are met for either:
x Condition A; or
x Condition B; or
x Both Conditions A and B are met at the 80% level after adequate trial of other remedial measures.

The posted speed limit is 40 mph, and the 85th-percentile speed exceeds 40 mph; therefore, the lower minimum volumes to warrant the traffic signal have been utilized for this analysis.

After comparing the traffic volumes of the eight highest hours of the study intersection with City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 8
the volumes as shown in the traffic signal worksheets, Condition A or B are not met. The volumes were reviewed for the combination warrant, which was not satisfied. Warrant 1 is not met.

3.2.2 Warrant 2, Four-Hour Vehicular Volume
Warrant 2, Four-Hour Vehicular Volume, is also intended to apply where the volume of intersecting traffic is the primary reason to consider the installation of a traffic signal. Per the CA MUTCD, the need for a traffic signal shall be considered if for each of any four hours of an average day, the plotted point for the vehicles per hour on the major street (E. Cross Avenue) and the corresponding vehicles per hour on the minor street (E. Coelho Avenue) approach fall above an applicable curve as shown on the traffic signal worksheets. The 85th-percentile speed for the study intersection is above 40 mph; therefore, Figure 4C-2 of the traffic signal worksheets has been utilized and is shown in Attachment D. As shown in the attachment, Warrant 2 is not met.

3.2.3 Warrant 3, Peak Hour
Warrant 3, Peak Hour, is intended for use at a location where traffic conditions are such that for a minimum of one hour of an average day, the minor street traffic suffers undue delay. It should be noted that although this warrant is commonly used, per the CA MUTCD, it is intended to be applied only in unusual cases that attract or discharge large numbers of vehicles over a short period of time such as office complexes, manufacturing plants, or industrial complexes.

A. If all three of the following conditions exist for the same one hour (any four consecutive 15-minute periods) of an average day:

2. The volume on the same minor street approach (one direction only) equals or exceeds 100 vehicles per hour for one moving lane of traffic or 150 vehicles per hour for two moving lanes; and
City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 9

B. The plotted point representing the vehicles per hour on the major street (total of both approaches) and the corresponding vehicles per hour on the higher-volume minor-street approach (one direction only) for one hour (any four consecutive 15- minute periods) of an average day falls above the applicable curve in Figure 4C-3 (Figure 4C-4 for major street 85th-percentile speeds exceeding 40 mph) for the existing combination of approach lanes. See the traffic signal warrant worksheets in Attachment D.

Based on the data taken, the overall peak hour is from 11:45 a.m. to 12:45 p.m. and the total vehicle volume entering the intersection is 885. Item 3 above was the only requirement met for Part A, and the volumes at this intersection did not fulfill the requirements of Part B.

Warrant 3 is not met.

City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 10

For the purposes of this study, “schoolchildren” will include elementary through high school aged students.

This warrant states that a signal shall be considered if the following criteria have been efficiently met:
x The frequency and adequacy of gaps in the vehicular traffic stream limit the ability for schoolchildren to adequately cross. The number of adequate gaps in the traffic stream during the period when schoolchildren are using the crossing is less than the number of minutes in the same period and there is a minimum of 20 schoolchildren during the highest crossing hour.
x Consideration has been given to the implementation of other remedial measures. o Warning signs and flashers,
o School speed zones,
o School crossing guards, or
o A grade-separated crossing.
x The School Crossing signal warrant shall not be applied at locations where the distance to the nearest traffic control signal along the major street is less than 300 feet unless the proposed traffic control signal will not restrict the progressive movement of traffic.

City of Tulare
E. Cross Avenue and E. Coelho Avenue – Multi-Way Stop and Traffic Signal Warrant Analyses Page | 11
Based on the crash data provided by the City of Tulare Police Department for the five-year study period of 2020 through 2025, there was only 1 collision at the study intersection.

Warrant 7 is not met. Related crash data is included in Attachment B.

4.0 Results and Conclusions
The results of the multi-way stop warrant analysis indicate that installation of a multi-way stop is not warranted under Criteria A through D of the CA MUTCD. Although corner sight distance at Decision Point A remains constrained due to roadway curvature and adjacent fencing and block walls, the installation of red curb along E. Cross Avenue, as shown in Attachment C, provides improved visibility. At Decision Point B, the recommended corner sight distance can be achieved, demonstrating that the optional warrant for restricted sight distance is not met. Therefore, the existing two-way stop control remains appropriate, with red curb restrictions recommended to enhance safety and visibility.

Installation of a traffic signal under current conditions would therefore not be justified and could result in unnecessary delay or adverse operational impacts.

In summary, neither a multi-way stop nor a traffic signal is recommended at this location.

The intersection should continue to operate under two-way stop control, with the addition of red curb parking restrictions along E. Cross Avenue to improve corner sight distance. It is further recommended that the intersection be monitored over time for changes in traffic volumes, pedestrian activity, or safety performance that could warrant reconsideration of traffic control in the future.

RESOLUTION 2025-XX

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TULARE

DESIGNATING THE INTERSECTION OF CROSS AVENUE AND BRENTWOOD STREET AS AN

ALL-WAY STOP INTERSECTION AND AUTHORIZING THE INSTALLATION OF CORRESPONDING

STOP CONTROL
WHEREAS, the City of Tulare received citizen requests to investigate traffic operations and safety concerns at the subject intersection; and
WHEREAS, a traffic study of the subject intersection was conducted on behalf of the City of Tulare by 4-Creeks of Visalia, California; and
WHEREAS, said traffic study identified that certain warrants established by the California Manual of Uniform Traffic Control Devices (CA MUTCD) for an all-way stop installation were met for the subject intersection; and
WHEREAS, said traffic study concluded that the installation of all-way stop control would be appropriate for the subject intersection; and
WHEREAS, the Chief of Police and City Engineer concur with the findings of said traffic study.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Tulare, as follows:

Section 1. The intersection of Cross Avenue and Brentwood Street is hereby designated as an all-way stop controlled intersection with traffic on all legs of the intersection being required to stop.

Section 2. The Public Works Director of the City of Tulare, or designee, is hereby authorized to install stop control for said designated intersection as indicated in Section 1 of this resolution.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of Tulare this 7th day of October 2025, by the following vote:

Ayes:

Noes:

Absent:

Abstain:

Patrick Isherwood, President of the Council
and Ex-Officio Mayor
ATTEST:

Staff Report
Meeting: City Council
Date: October 7, 2025
Department: Engineering Services - Engineering
Submitted by: Michael Miller, City Engineer
Agenda Title: SJV Horizontal, LLC Improvement Agreement for Mooney Blvd Street Improvements

RECOMMENDED ACTION
Authorize the City Manager to execute an improvement agreement with SJV Horizontal, LLC for the construction of street improvements along the west side of Mooney Boulevard (State Route 63) from Cartmill Avenue to the south side of the Bella Oaks subdivision located approximately 290 feet south of Bella Oaks Avenue, subject only to minor conforming and clarifying changes acceptable to the City Attorney and City Manager.

SUMMARY
SJV Horizontal, LLC (SJV) is currently developing the Sorrento subdivision located at the southwest corner of Cartmill Avenue and Mooney Boulevard (State Route 63). As part of their project, SJV is conditionally required to construct frontage improvements across the Sorrento subdivision’s Mooney Boulevard frontage. These improvements include the relocation and undergrounding of existing overhead utilities, and the construction of curb, gutter, sidewalk, street lighting, street pave-out, and landscaping improvements. The improvements also include the connection of Ribolla Avenue to Mooney Boulevard, which necessitates modifications to the Mooney Boulevard median island and drainage system. The design and permitting requirements are subject to the review and approval of both Southern California Edison (SCE) and Caltrans, requiring significant time and coordination.

Staff has determined that significant cost and time savings to the City could be achieved by constructing these improvements in conjunction with the SJV’s improvements for the Sorrento subdivision. SJV and the City have worked towards drafting an improvement agreement to facilitate such a joint undertaking, the result of which is presented for Council’s consideration.

Some key points contained in the agreement include the following:
• The City will reimburse SJV for actual construction costs associated with the Bella Oaks and Tesori subdivision improvements. An estimated construction cost will be identified in the agreement (current figure in draft agreement is $5.9 million), • SJV is required to seek a minimum of 3 bids for the City portion of the improvements, with award to the lowest responsive bidder,
• City may terminate the agreement if the lowest responsive bid exceeds the estimated construction cost by more than 10%,
• SVJ will obtain the required encroachment permit from the State with the City serving as Lead Agency for the improvements,
• By securing the Mooney Boulevard frontage improvements for the Sorrento Subdivision through this agreement, they will be separated from the onsite improvements. Upon their completion and acceptance, the City will issue a Notice of Completion for the Sorrento subdivision onsite improvements and will release all restrictions on issuance of building permits and certificates of Item #: 12.3
General Business
occupancy provided that SJV; 1) verifies that a contract has been awarded for construction of the Mooney Boulevard improvements, 2) an encroachment permit has been issued by Caltrans for the work, and 3) a detailed construction schedule has been provided to the City, • The estimated time required to construct the improvements is 30 months, resulting in an anticipated completion date of April 2028,
• The City will pay SJV a fee of 7% of the construction cost of the City improvements for administrative, management and oversight services.
• There can be no increase in construction costs to the City without the City’s explicit written authorization.
• SJV has to comply with the City’s standard insurance requirements, • Any work performed that is subject to City reimbursement must be completed at State prevailing wage rates.

FISCAL IMPACT & FUNDING SOURCES
CIP Project EN0101 – “Tesori-Bella Oaks Improvements” is a street improvement project to construct public improvements that were not completed by the developers of the Tesori and Bella Oaks subdivisions. These improvements include the Mooney Boulevard street improvements that are incorporated into the subject improvement agreement. The funding sources identified for CIP Project EN0101 are as follows:
• Fund 100 – General Fund – A total of $6,086,491.62 from “Other General Fund CIP” and “Del Lago Place Settlement”
• Fund 233 – State Highway Projects DIF Fund – $60,500

ENVIRONMENTAL REVIEW
The proposed street improvements along Mooney Boulevard were included in the environmental review process for the associated developments (Sorrento subdivision, Bella Oaks subdivision, and Tesori subdivision). Additional environmental review will be undertaken through the Caltrans permitting process prior to construction of the improvements.

CONFLICT OF INTEREST
Councilmember Mederos owns property within 500 feet of the Sorrento subdivision, and within 1,000 feet of the proposed Mooney Boulevard improvements.

LEGAL REVIEW
The improvement agreement has been reviewed and approved as to form by the City Attorney.

PUBLIC NOTICE
This item does not require a public hearing and was noticed as a part of the agenda.

ALTERNATIVE ACTION

1. Approve with changes – Staff would work with SJV Horizontal and the City Attorney to incorporate revisions requested by Council.

2. Deny – The City would pursue completion of the Tesori-Bella Oaks Mooney Boulevard improvements on its own as a typical capital improvement project.

3. Table – A delay in the City’s approval of the improvement agreement would result in delay to both SJV Horizontal’s and the City’s efforts to complete their respective Mooney Boulevard improvements.

ATTACHMENTS

1. Draft Agreement
Reviewed/Approved: TG
Draft: 2025-09-23
Subdivider Revisions
1 CITY OF TULARE

OFFSITE IMPROVEMENT AGREEMENT
TRACT NO. ______
THIS OFFSITE IMPROVEMENT AGREEMENT (“Agreement”) is made and entered into March _____, 2025 (“Effective Date”) by and between SJV Horizontal, LLC, a Delaware limited liability company d/b/a San Joaquin Valley Homes (“Subdivider”), and the City of Tulare, a California Municipal Corporation (“City”).

RECITALS
A. The Subdivider has recorded a final map (“Final Map”) for the subdivision of certain real property located on Cartmill Avenue at State Route 63 (Mooney Boulevard) within the city limits of the City and identified as Lago Subdivision (Sorrento), and more particularly described in Exhibit “A” which is attached hereto and made a part hereof (“Subdivision”).

B. The Subdivider will be required to satisfy certain City conditions of approval including the construction and installation of certain off-site street improvements for the development of the Subdivision as identified on Exhibit “B” which is attached hereto and made a part hereof (collectively “Subdivision Street Improvements”) at its sole cost and expense.

Concurrently with the construction and installation of the Subdivision Street Improvements, the City is requesting the Subdivider construct and install certain offsite improvements the City deems as necessary for the benefit and use of the public and as more particularly described in Exhibit “C” which is attached hereto and made a part hereof (collectively “City Street Improvements”).

C. The Subdivider agrees to construct and install the City Street Improvements in accordance with the provisions of this Agreement and the City agrees to reimburse the Subdivider the total cost of the construction and installation of the City Street Improvements as estimated in Exhibit “C” (“Total Cost of Construction”). The Total Cost of Construction for the City Street Improvements shall be equal to the actual construction cost of the items plus Developer’s Fee (as defined in Section 4 below) listed in Exhibit “C”.

D. The Subdivider shall request bids from at least three responsible contractors licensed in the State of California for the construction of City Street Improvements. The contractor (“Contractor”) chosen to complete the City Street Improvements will be based on the lowest responsive bid.

E. The Subdivider and the City agree that the Total Cost of Construction is based on the engineer’s estimation of probable costs of construction of City Street Improvements plus the Developer Fee. If the lowest responsive bid (“Contract Amount”) exceeds the engineer’s estimated probable cost, listed in Exhibit “C”, by more than 10% of such estimate, the City may choose to reject all bids and terminate this Agreement.

F. Subject to the provisions of Section 7 of this Agreement, the Subdivider agrees to obtain an encroachment permit from Caltrans for said City Street Improvements. The City agrees to be the signatory on the Caltrans State Route 63 Right-of-Way Certification for both the City Street Improvements and the Subdivision Street Improvements.

NOW THEREFORE, in consideration of the mutual covenants set forth in this Agreement Draft: 2025-09-23
Subdivider Revisions
2 and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereby agree as follows:

1. Construction of Subdivision. City and Subdivider agree Subdivider will construct and install the Subdivision Street Improvements concurrently with the construction and installation of the City Street Improvements. City and Subdivider acknowledge the construction and installation of the Subdivision onsite improvements (collectively “Onsite Improvements”) will be completed prior to completion and installation of the Subdivision Street Improvements and the City Street Improvements. City agrees that upon City’s final approval of the Onsite Improvements City will issue a Notice of Completion for the Onsite Improvements even though the construction and installation of the Subdivision Street Improvements and the City Street Improvements have not been completed.

2. Construction and Installation of the City Street Improvements. Subdivider shall construct and install all the City Street Improvements in accordance with all requirements and standards as set forth in the City Municipal Code, City of Tulare Design Guidelines and Public Improvement Standards, Caltrans Standards and requirements, all applicable laws, codes and regulations as determined by the City Engineer and the terms and conditions of this Agreement. It is estimated it will take approximately thirty (30) months after the date of the City’s approval of the Final Map for the Subdivision to complete the construction and installation of the City Street Improvements (“Construction Period”). However, City and Subdivider agree the Construction Period is only an estimate and the completion of the construction and installation of the City Street Improvements may exceed the Construction Period. On or before the first (1st) day of each calendar quarter that this Agreement remain effect, Subdivider will provide a written update to the City Engineer regarding the status of Subdivider’s construction of the City Street Improvements.

Subdivider shall require the Contractor and their subcontractors to provide and maintain barricades and warning signs to protect and warn the public of construction hazards. Traffic control shall conform to a traffic control plan approved by the City Engineer and Caltrans.

Subdivider shall notify the City Engineer in writing of the date Subdivider intends to commence construction and installation of the City Street Improvements. Because the Construction Period is an estimate of the time required to construct and install the City Street Improvements, upon Subdivider’s request, the City agrees to extend the Construction Period for the time period requested by the Subdivider so long as the extension: (i) does not exceed six (6) months; and (ii) Subdivider illustrates to the Tulare City Manager’s reasonable satisfaction that construction delays are beyond Subdivider’s reasonable control. Any extension exceeding six (6) months will require approval by the Tulare City Council.

Within thirty (30) days after the Subdivider notifies the City Engineer that the construction and installation of the City Street Improvements has been completed, the City Engineer shall inspect the City Street Improvements and confirm the City Street Improvements have been constructed and installed in accordance with the provisions of this Agreement or provide the Subdivider with a detailed punch list of those items the City Engineer believes must be completed. The Subdivider and the City Engineer will meet and agree upon how to address the punch list items.

Subdivider shall remedy any defective work, labor or materials related to the City Street Improvements, which occur within a period of one year from the date of final acceptance of the City Street Improvements by City, and Subdivider will promptly repair damage to the City Street Draft: 2025-09-23
Subdivider Revisions
3 Improvements or any other public improvements caused by Subdivider’s remedy of defective work, labor, or materials related to the City Street Improvements. Prior to final acceptance of the City Street Improvements by City, a warranty/maintenance bond or certificate of deposit, equal to 10% of the City Street Improvements cost, shall be provided to City by Subdivider, and shall be released one year following final acceptance, less any amount required to remedy defective work. Such security will satisfy the warranty bond requirements in the City’s standard form of Subdivision Agreement. Concurrently with the City’s final acceptance of the City Street Improvements, City shall issue to Subdivider a Notice of Completion of the City Street Improvements (“City NOC”).

3. Inspection. The City may inspect the construction and installation of the City Street Improvements as they are constructed and installed by the Subdivider and provide the Subdivider with a detailed list of those items the City believes must be corrected to comply with the provisions of this Agreement. The Subdivider and the City Engineer will meet and agree upon how to address the items identified on the City’s list of corrections.

4. Costs and Fees. Exhibit “C” identifies the estimated of the Total Cost of Construction of the City Street Improvements plus a fee equal to seven percent (7%) of the total estimated cost of the City Street Improvements in consideration for Developer's administrative, management, and oversight services required for the construction and installation of the City Street Improvements (“Developer Fee”). City approves the Total Cost of Construction and Developer Fee identified in Exhibit “C”. Upon completion of each phase of the City Street Improvements, Subdivider shall submit to the City an invoice of the actual cost of the City Street Improvements and a pro rata portion the Developer Fee identified in the invoice. Each invoice shall include invoices and related documents which identify costs and expenses of contractors, subcontractors, laborers, material men and other persons providing services, labor and materials used in the construction and installation of the City Street Improvements. The invoices shall also include the amount of prevailing wages paid by Subdivider or any contractor or subcontractor.

Within forty five (45) days after the date of each invoice, City will reimburse to Subdivider the total amount identified in the invoice, less any amounts that are not in compliance with the City approved civil plans for the City Street Improvements or the scope of the estimated Total Cost of Construction and the Developer’s Fee identified on Exhibit “C” to this Agreement. Concurrently with the payment of invoice submitted by Developer, City shall provide Subdivider with a detailed written statement identifying any amounts not paid by the City and the specific reasons in support of withholding such amounts from the reimbursement payment to Subdivider. Notwithstanding the provisions contained herein, City may withhold payment to Subdivider if City provides Subdivider with written notice that Subdivider is in breach of this Agreement (“Default Notice”). If payment is withheld by City, City’s payment to Subdivider will be due within forty-five (45) days after Subdivider’s cure of all breaches identified in the Default Notice.

Under no circumstance shall the City be responsible for any increase in the Total Cost of Construction for the City Street Improvements resulting from a change from the approved City Street Improvement plans, whether through a change order or otherwise, unless the change from the approved plans and the increase in the Total Cost of Construction have been approved in writing by the City.

5. Insurance. Prior to commencement of the construction and installation of the City Street Improvements, Subdivider shall furnish the City with a certificate of insurance and endorsements evidencing the following insurance coverage:

Commercial general liability (CGL) insurance with a combined single limit of not Draft: 2025-09-23
Subdivider Revisions
4 less than Two Million Dollars ($2,000,000.00) per occurrence and Four Million Dollars ($4,000,000) aggregate. Such CGL insurance shall include products/completed operations liability, owners and contractors protective blanket contractual liability, personal injury liability, broad form property damage coverage and explosion, collapse and underground hazard coverage.

Automobile liability coverage with a limit of no less than Two Million Dollars ($2,000,000) per accident for bodily injury and property damage.

The CGL and automobile liability insurance shall be endorsed to name the City and its appointed and elected officials, officers, and employees as additional insureds (collectively, “City Insureds”); and be primary with respect to any insurance or self-insurance programs maintained by the City, and shall protect the City Insureds from all claims of whatever kind or nature arising out of or in any way connected with the construction and installation of the City Street Improvements.

In addition to the CGL and automobile liability coverage, Subdivider will also maintain workers compensation coverage as required by the State of California with statutory limits and employer’s liability insurance with a limit of no less than One Million Dollars ($1,000,000) per accident for bodily injury or disease.

For any claims subject to the insurance coverage identified in this Section 5, Subdivider’s insurance coverage shall be endorsed to indicate that such coverage is primary and at least as broad as ISO CG 20 01 04 13 with respect to City and appointed and elected officials, officers, and employees. Any insurance or self-insurance maintained by City and/or its appointed and elected officials, officers, and employees shall be in excess of Subdivider’s insurance and shall be non-contributory.

Subdivider hereby grants to the City Insureds a waiver of any right to subrogation which any insurer of Subdivider may acquire against the City Insureds by virtue of payment of any loss under any of Subdivider’s insurance policies. Subdivider will obtain endorsements necessary to effect this waiver of subrogation, but this provision applies regardless of whether City receives a waiver of subrogation endorsement from an insurer.

The required policies of insurance shall specifically provide that the City shall receive at least ten (10) days prior to written notice of any cancellation or modification of such policy. Any such notice shall be sent to the attention of the City Engineer.

Subdivider shall furnish the City with original certificates and amendatory endorsements or copies of the applicable policy language effecting coverage required herein. All certificates and endorsements are to be received and approved by the City before commencement of construction and installation of the City Street Improvements. However, failure to obtain the required documents identified in this Section 5 prior to commencement of construction and installation of the City Street Improvements shall not waive the Subdivider’s obligation to provide them.

Subdivider’s insurance policies shall cover the actions and omissions of each contractor utilized for construction of the City Street Improvements, or, alternatively, Subdivider shall cause each of its contractor to satisfy the insurance requirements described herein.

6. Indemnification. Subdivider hereby agrees to and shall protect, indemnify, Draft: 2025-09-23
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5 defend and hold harmless the City and all officials, officers, and employees from and against any and all liability, loss, claims, costs, expenses and damages of whatsoever kind or character, including attorney’s fees and costs of all types (collectively “Claims”), in any way arising out of, or in any way related, directly or indirectly to: (i) the construction and installation of the City Street Improvements in accordance with the provisions of this Agreement; or (ii) Subdivider’s breach of this Agreement. Subdivider’s obligation of indemnity as set forth in this Section 6 shall not apply to any Claims resulting from the negligent acts or omissions or willful misconduct of the City or its officials, officers, employees, contractors, representatives, and agents.

City hereby agrees to and shall protect, indemnify, defend and hold harmless the Subdivider and all members, managers, officers and employees from and against any and all Claims in any way arising out of, or in any way related to: (i) the negligent acts or omissions or willful misconduct of the City or its officials, officers, employees, contractors, representatives, and agents; or (ii) City’s breach of this Agreement. City’s obligation of indemnity as set forth in this Section 6 shall not apply to any Claims resulting from the negligent acts or omissions or willful misconduct of Subdivider or its members, managers, officers and employees.

The provisions of this Section 6 shall survive the completion of the construction and installation of the City Street Improvements.

7. Permits and Improvement Plans. Should Subdivider be required to obtain any permits from the City to construct and install the City Street Improvements within the City rightof-way, the City will issue all such permits to the Contractor or their subcontractor at no cost to the Subdivider. Subdivider shall obtain a single Caltrans Encroachment Permit that covers both the Subdivision Street Improvements and the City Street Improvements. The City will reimburse to Subdivider a pro-rata share of the Caltrans Encroachment Permit fee based on the City's Caltrans project frontage. An estimate of the City’s pro-rata share is identified as “Pro-Rata Fee” in Exhibit “D”. Should the Subdivider be required to obtain from any other agency or entity any other permits or permissions to construct and install the City Street Improvements, City shall reimburse the cost of such permits or permissions. City reimbursement of the permit costs identified in this Section 7 shall be paid to Subdivider within thirty (30) days after City’s receipt of Subdivider’s invoice identifying the costs to be reimbursed.

The City shall furnish to the Subdivider the following documents in digital format:
a) City approved set of City Street Improvement Plans (“City Street Plans”); and. b) Street Improvement Caltrans Permitting Documents, including but not limited to: Design Engineering Evaluation Report (DEER), Design Standard Decision Document (DSDD), Storm Water Data Report (SWDR), Utility Certification, pavement section calculations, and traffic control plans.

Subdivider shall furnish to the City a set of reproducible as-built plans for all Subdivision Street Improvements and City Street improvements. The Subdivision Street and City Street Plans shall be in digital format. The Subdivision Street and City Street Plans shall include the location of all underground utilities and finished grades for all curb returns.

8. Scheduling. It shall be the responsibility of the Subdivider to coordinate all work performed by its contractors and subcontractors, such as scheduling the sequence of operations and the determination of liability if one contractor or subcontractor operation delays another.

9. Prevailing Wage Laws, Rules and Regulations. Prevailing wage requirements of the State of California will apply to Subdivider’s construction of the City Street Improvements since City will utilize public funds to reimburse Subdivider for such work. As a result, Subdivider shall Draft: 2025-09-23
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6 comply with and shall require all contractors to comply with all prevailing wage laws, rules and regulations with respect to the City Street Improvements. Subdivider will be solely responsible for the payment of any claims, fines, penalties, reimbursements, payments or any other actions that may be initiated against City or its appointed and elected officials, officers, and employees as a result of failure to pay prevailing wages.

Subdivider shall defend, indemnify and hold harmless City and its appointed and elected officials, officers, and employees from and against any and all claims, damages, losses, judgments, liabilities, expenses and other costs, including, without limitation, litigation costs and attorney’s fees arising out of, resulting from or in any way in connection with any violation or claim of violation of any prevailing wage law, rule or regulation applicable to any portion or aspect of the City Street Improvements. Subdivider’s obligation to defend, indemnify and hold City and its appointed and elected officials, officers, and employees harmless specifically includes, but is not limited to, any suit or administrative action against City which claims a violation of any prevailing wage law, rule or regulation applicable to any portion or aspect of the City Street Improvements.

The provisions of this Section 9 shall survive the completion of the construction and installation of the City Street Improvements.

10. Force Majeure. In the event that either party hereto shall be delayed or hindered in or prevented from the performance of any act, including, without limitation, the completion of the construction and installation of the City Street Improvements required hereunder by reason of strikes, lock-outs, labor troubles, inability to procure materials, failure of power, governmental moratorium or other governmental action or inaction (including failure, refusal or delay in issuing permits, approvals and/or authorizations), injunction or court order, riots, insurrection, war, fire, earthquake, inclement weather (including but not limited to excessive rain or mud), flood or other natural disaster, epidemics, pandemics or other reasons of a like nature not the fault of the party delaying in performing work or doing acts required under the terms of this Agreement (collectively, "Force Majeure Delays"), then performance of such act shall be excused for the period of the delay and the period for the performance of any such act shall be extended for a period equivalent to the period of such delay. The provisions of this Section 10 shall not apply to or operate to excuse City from making reimbursement payments to Subdivider payment in accordance with the terms of this Agreement.

11. Sole and Only Agreement. This Agreement supersedes any and all other agreements, either oral or in writing, between the parties hereto with respect to the matters set forth herein and contains all of the covenants and agreements between the parties regarding such matters. Each party to this Agreement acknowledges that no representations, inducements, promises or agreements, orally or in writing, have been made by any party or anyone acting on behalf of any party which are not embodied in this Agreement and no other agreement, statement or promises shall be valid or binding.

12. Invalidity. If any provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions shall nevertheless continue in full force and effect without being impaired or invalidated in any way.

13. Attorneys’ Fees. If an action at law or in equity is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other reasonable relief to which he Draft: 2025-09-23
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7 may be entitled. With respect to any suit, action or proceeding arising out of or related to this Agreement, or the documentation related hereto, the parties hereby submit to the jurisdiction and venue of the Superior Court in the County of Tulare, State of California for any proceeding arising hereunder.

Tulare City CouncilOctober 7, 2025

Tulare City Council
October 7, 2025