West Sacramento City Council
June 5, 2024

Budget/Cost Impact
There are no funding considerations associated with the recommended actions. The AECOM Contract will be funded by the Regional Early Action Plan State grant program, appropriated to the Grand Gateway Capital Improvement Project budget via Resolution 23-57.

ATTACHMENTS

1. Professional Services Contract with AECOM Technical Services, Inc.

2. Grand Gateway Site Map
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CONTRACT FOR SERVICES
THIS CONTRACT is made on June 5, 2024, by and between the CITY OF WEST SACRAMENTO (“City”), and AECOM Technical Services, Inc. (“Consultant”).

WITNESSETH:

WHEREAS, the City desires to create a zoning district for the Grand Gateway development project area (“Project Area”) to codify specific development standards; and WHEREAS, the City desires to have environmental technical services prepared to facilitate the Project Area environmental review process; WHEREAS, the Consultant has presented a proposal for such services to the City, dated May 21, 2024, (attached hereto as Exhibit “A”) and is duly licensed, qualified and experienced to perform those services;
NOW, THEREFORE, the parties hereto mutually agree as follows:

1. SCOPE OF SERVICES:

A. Consultant shall do all work, attend all meetings, produce all reports and carry out all activities necessary to completion of the services described in Exhibit A. This Contract and its exhibits shall be known as the “Contract Documents.” Terms set forth in any Contract Document shall be deemed to be incorporated in all Contract Documents as if set forth in full therein. In the event of conflict between terms contained in these Contract Documents, the more specific term shall control. If any portion of the Contract Documents shall be in conflict with any other portion, provisions contained in the Contract shall govern over conflicting provisions contained in the exhibits to the Contract.

B. Consultant enters into this Contract as an independent contractor and not as an employee of the City. The Consultant shall have no power or authority by this Contract to bind the City in any respect. Nothing in this Contract shall be construed to be inconsistent with this relationship or status. All employees, agents, contractors or subcontractors hired or retained by the Consultant are employees, agents, contractors or subcontractors of the Consultant and not of the City. The City shall not be obligated in any way to pay any wage claims or other claims made against Consultant by any such employees, agents, contractors or subcontractors, or any other person resulting from performance of this Contract. In the event that Consultant or any employee, agent, or subcontractor of Consultant providing services under this Agreement claims or is determined by a court of competent jurisdiction or the California Public Employees Retirement System (PERS) to be eligible for enrollment in PERS as an employee of the City, Consultant shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Consultant or its employees, agents, or subcontractors, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of City. Notwithstanding any other agency, state or federal policy, rule, regulation, law or ordinance to the contrary, To the greatest extent permitted by law, Consultant and its employees, agents, and subcontractors shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in PERS as an employee of ATTACHMENT 1
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City and entitlement to any contribution to be paid by City for employer contribution and/or employee contributions for PERS benefits.

C. The Consultant agrees it has satisfied itself by its own investigation and research regarding the conditions affecting the work to be done and labor and materials needed, and that its decision to execute this Contract is based on such independent investigation and research.

2. TERM OF CONTRACT
A. The services of Consultant are to commence upon execution of this Contract by the City, and shall be undertaken and completed in accordance with the Schedule of Performance attached hereto and incorporated herein by this reference as Exhibit “B” and terminate on December 31, 2025.

B. Consultant’s failure to complete work in accordance with the Schedule of Performance may result in delayed compensation as described in Section 3. Notwithstanding the foregoing, Consultant shall not be responsible for a delay in respective performance under this Contract if such delay is caused by acts of God, fire, flood, extraordinary weather conditions, natural catastrophes, unanticipated or differing site conditions, explosion, war, terrorist attacks, sabotage, computer viruses, strikes, lockouts, industrial disturbances, requests, acts, or intervention of a governmental agencies or authorities, court orders, labor relations, accidents, epidemics, pandemics, the inability to obtain materials, equipment, fuel, or transportation, or other events or circumstances beyond the reasonable control of Consultant (“Force Majeure Event”). Consultant shall be entitled to a change in the scope of Services, compensation, and/or the project schedule to the extent a Force Majeure Event results in any increase in the time or costs necessary to perform the work under this Agreement.

C. The City Manager or his or her designee may, by written instrument signed by the Parties, extend the duration of this Contract for two (2) additional one-year extensions in the manner provided in Section 5, provided that the extension does not require the payment of compensation in excess of the Council approved budget.

3. COMPENSATION:

A. The Consultant shall be paid monthly for all time and materials required and expended, but in no event shall total compensation exceed sixty thousand dollars ($60,000.00), without City’s prior written approval. Consultant's fees shall be as specified in the Schedule of Fees, which is attached hereto an incorporated in Exhibit A.

B. Said amount shall be paid upon submittal of a monthly billing showing completion of the tasks that month. Consultant shall furnish City with invoices for all expenses as well as for all materials authorized by this Contract. The invoices shall be submitted with the monthly billings.

If Consultant’s performance is not in conformity with the Schedule of Performance, payments may be delayed or denied, unless the Consultant’s failure to perform in conformity with the Schedule of Performance is a documented result of the City’s failure to conform with the Schedule of Performance, or if the Schedule of Performance is extended pursuant to Section 5.

C. If the work is halted at the request of the City, compensation shall be based upon the proportion that the work performed bears to the total work required by this Contract, subject to Section 4.
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4. TERMINATION:

A. This Contract may be terminated by either party, provided that the other party is given not less than 30 calendar days’ written notice (delivered by certified mail, return receipt requested) of intent to terminate.

B. The City may temporarily suspend this Contract, at no additional cost to City, provided that the Consultant is given written notice (delivered by certified mail, return receipt requested) of temporary suspension. If City gives such notice of temporary suspension, Consultant shall immediately suspend its activities under this Contract.

C. Notwithstanding any provisions of this Contract, Consultant shall not be relieved of liability to the City for damages sustained by the City by virtue of any breach of this Contract by Consultant, and the City may withhold any payments due to Consultant until such time as the exact amount of damages, if any, due the City from Consultant is determined.

D. In the event of termination, the Consultant shall be compensated as provided for in this Contract, except as provided in Section 4C. Upon termination, the City shall be entitled to all work, including but not limited to, appraisals, inventories, studies, analyses, drawings and data estimates performed to that date in accordance with Section 7 hereof.

5. AMENDMENTS, CHANGES OR MODIFICATIONS:

Amendments, changes or modifications in the terms of this Contract may be made at any time by mutual written agreement between the parties hereto and shall be signed by the persons authorized to bind the parties hereto.

6. EXTENSIONS OF TIME:

Consultant may, for good cause, request extensions of time to perform the services required hereunder. Such extensions shall be authorized in advance by the City in writing and shall be incorporated in written amendments to this Contract or the attached Work Program in the manner provided in Section 5.

7. PROPERTY OF CITY:

A. It is mutually agreed that all materials prepared by the Consultant under this Contract shall become the property of the City, and the Consultant shall have no property right therein whatsoever. Immediately upon termination, the City shall be entitled to, and the Consultant shall deliver to the City, all data, drawings, specifications, reports, estimates, summaries and other such materials as may have been prepared or accumulated to date by the Consultant in performing this Contract which is not Consultant’s privileged information, as defined by law, or Consultant’s personnel information, along with all other property belonging exclusively to the City which is in the Consultant’s possession.

B. Additionally, it is agreed that the parties intend this to be a contract for services and each considers the products and results of the services to be rendered by Consultant hereunder (the “Work”) to be a work made for hire. Consultant acknowledges and agrees that the Work (and all rights therein, including, without limitation, copyright) belongs to and shall be the sole and exclusive property of the City.
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C. The City shall furnish to Consultant all applicable information, technical data, and other documents in Company’s possession, custody, or control reasonably required for the proper performance of the services. Consultant shall be entitled to reasonably rely upon such information, data, and documents without independent verification by Consultant of their completeness and accuracy.

8. COMPLIANCE WITH ALL LAWS:

A. Consultant shall comply with all applicable laws, ordinances, and codes of federal, State and local governments, and shall commit no trespass on any public or private property in performing any of the work authorized by this Contract. It shall be City’s responsibility to obtain all rights of way and easements to enable Consultant to perform its services hereunder.

Consultant shall assist City in providing the same.

B. Consultant warrants to the City that it is licensed by all applicable governmental bodies to perform this Contract and will remain so licensed throughout the progress of the Work, and that it has, and will have, throughout the progress of the Work, the necessary experience, skill and financial resources to enable it to perform this Contract.

9. WARRANTIES AND RESPONSIBILITIES - CONSULTANT:

A. Consultant agrees and represents that it is qualified to properly provide the services set forth in Exhibit A in a manner which is consistent with the generally accepted standards of Consultant’s profession.

B. Consultant agrees and represents that the work performed under this Contract shall be in accordance with applicable federal, State and local law in accordance with Section 17A hereof.

C. Consultant shall designate a project manager who at all times shall represent the Consultant before the City on all matters relating to this Contract. The project manager shall continue in such capacity unless and until he or she is removed at the request of the City, is no longer employed by Consultant, or is replaced with the written approval of the City, which approval shall not be unreasonably withheld.

D. Consultant shall provide corrective services without charge to the City for services which fail to meet the above professional and legal standards and which are reported to Consultant in writing within sixty (60) days of discovery. Should Consultant fail or refuse to perform promptly its obligations, the City may render or undertake performance thereof and the Consultant shall be liable for any expenses thereby incurred.

10. SUBCONTRACTING:

None of the services covered by this Contract shall be subcontracted without the prior written consent of the City, which will not be unreasonably withheld. Consultant shall be as fully responsible to the City for the negligent acts and omissions of its contractors and subcontractors, and of persons either directly or indirectly employed by them, as it is for the negligent acts and omissions of persons directly employed by Consultant.

11. ASSIGNABILITY:
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Consultant shall not assign or transfer any interest in this Contract whether by assignment or novation, without the prior written consent of the City which will not be unreasonably withheld.

However, claims for money due or to become due Consultant from the City under this Contract may be assigned to a financial institution, or to a trustee in bankruptcy, without such approval.

Notice of any assignment or transfer whether voluntary or involuntary shall be furnished promptly to the City.

12. INTEREST IN CONTRACT:

Consultant covenants that neither it, nor any of its employees, agents, contractors, subcontractors has any interest, nor shall they acquire any interest, direct or indirect, in the subject of the Contract, nor any other interest which would conflict in any manner or degree with the performance of its services hereunder. Consultant shall make all disclosures required by the City’s conflict of interest code in accordance with the category designated by the City, unless the City Manager determines in writing that Consultant’s duties are more limited in scope than is warranted by the category designated by the City code and that a narrower disclosure category should apply. Consultant also agrees to make disclosure in compliance with the City conflict of interest code if, at any time after the execution of this Contract, City determines and notifies Consultant in writing that Consultant’s duties under this Contract warrant greater disclosure by Consultant than was originally contemplated. Consultant shall make disclosures in the time, place and manner set forth in the conflict of interest code and as directed by the City.

13. MATERIALS CONFIDENTIAL:

All of the materials prepared or assembled by Consultant pursuant to performance of this Contract are confidential and Consultant agrees that they shall not be made available to any individual or organization without the prior written approval of the City, except by court order.

14. LIABILITY OF CONSULTANT-NEGLIGENCE:

Consultant shall be responsible for performing the work under this Contract in a manner which is consistent with the generally-accepted standards of the Consultant’s profession and shall be liable for its own negligence and the negligent acts of its employees, agents, contractors and subcontractors. The City shall have no right of control over the manner in which the work is to be done but only as to its outcome, and shall not be charged with the responsibility of preventing risk to Consultant or its employees, agents, contractors or subcontractors.

15. INDEMNITY AND LITIGATION COSTS:

A. Consultant shall protect, hold free and harmless, defend and indemnify the City, its consultants, and each of their officers, employees and agents, from any and all liability, penalties, costs, losses, damages, expenses, causes of action, claims or judgments, including attorney’s fees and expenses of litigation arising out of, pertaining to, or relating to the negligence, recklessness, or willful misconduct of the Consultant, its employees or anyone else employed by the Consultant in the performance of professional design services under this agreement, to the extent of the Consultant’s proportionate percentage of fault.

B. To the extent permitted by Civil Code section 2782.8, for all other claims unrelated to the provision of professional design services, the Consultant shall protect, hold free and harmless, defend and indemnify the City, its consultants, and each of their officers, employees and agents, from any and all liability, penalties, costs, losses, damages, expenses, causes of 277
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action, claims or judgments, including reasonable attorney’s fees and expenses of litigation, to the extent they arise out of or are in any way connected with the Consultant’s, or its subcontractors’ or suppliers’, negligent performance under this agreement or failure to comply with any of the obligations contained in the agreement. This indemnity shall imply no reciprocal right of the Consultant in any action on the agreement pursuant to California Civil Code section 1717 or section 1717.5. To the fullest extent legally permissible, this indemnity, defense and hold harmless agreement by the Consultant shall apply to any and all negligent acts or omissions unrelated to the provision of professional design services on the part of the Consultant or its agents, employees, representatives, or subcontractor’s agents, employees and representatives, resulting in claim or liability, irrespective of whether or not any acts or omissions of the parties to be indemnified hereunder may also have been a contributing factor to the liability, except such loss or damage which was caused by the active negligence, the sole negligence, or the willful misconduct of the City.

16. CONSULTANT TO PROVIDE INSURANCE:

A. Consultant shall not commence any work before obtaining, and shall maintain in force at all times during the duration and performance of this Contract, the policies of insurance specified in this Section. Such insurance must have the approval of the City as to limit, form, and amount, and shall be placed with insurers with a current A.M. Best’s rating of no less than A VII (an NR rating is acceptable for Worker’s Compensation insurance written with the State Compensation Insurance Fund of California).

B. Prior to execution of this Contract and prior to commencement of any work, the Consultant shall furnish the City with certificates of insurance and copies of endorsements providing evidence of coverage for all policies required by the Contract. The Consultant and its contractors and subcontractors shall, at their expense, maintain in effect at all times during the performance of work under the Contract equal to the following coverage and limits of insurance, which shall be maintained with insurers and under forms of policy satisfactory to the City. The maintenance by Consultant and its contractors and subcontractors of the following coverage and limits of insurance is a material element of this Contract. The failure of Consultant or of any of its contractors or subcontractors to maintain or renew coverage or to provide evidence of renewal may be treated by the City as a material breach of this Contract. Approval of the insurance by the City shall not relieve or decrease any liability of Consultant.

1. Worker’s Compensation and Employer’s Liability Insurance

a. Worker’s Compensation - Insurance to protect the Consultant, its contractors and subcontractors from all claims under Worker’s Compensation and Employer’s Liability Acts, including Longshoremen’s and Harbor Worker’s Act (“Acts”), if applicable. Such coverage shall be maintained, in type and amount, in strict compliance with all applicable state and Federal statutes and regulations.

The Consultant shall execute a certificate in compliance with Labor Code Section 1861, on the form provided in the Contract Documents.
b. Consultant shall provide a Waiver of Subrogation endorsement in favor of the City, its officers, officials, employees, agents and volunteers for losses arising from work performed by the Consultant.

2. Commercial General Liability Insurance
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a. The insurance shall be provided on form CG0001, or it’s equivalent, and shall include coverage for claims for bodily injury or property damage arising out of premises/operations, products/completed operations, contractual liability, and subconsultant’s work and personal and advertising injury resulting from actions, failures to act, or operations of the insured, or by its employees or agents, or by anyone directly or indirectly employed by the insured. The amount of insurance coverage shall be $1,000,000.00 per occurrence and $2,000,000.00 general and products/completed operations aggregates.
b. The commercial general liability insurance shall also include the following:
i. Endorsement equivalent to CG 2010 0714 naming the City, its officers, officials, employees, agents, and volunteers as additional insureds. The endorsement shall contain no special limitations on the scope of protection afforded to the City, its officers, officials, employees or volunteers.
ii. Endorsement stating insurance provided to the City shall be primary as respects the City, its officers, officials, employees and any insurance or self insurance maintained by the City, its officers, officials, employees or volunteers shall be in excess of the Consultant’s insurance and shall not contribute with it, to the payment or satisfaction of any defense expenses, loss, or judgment.
iii. Provision or endorsement stating that the Consultant’s insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer’s liability.

3. Commercial Automobile Insurance
a. The insurance shall include, but shall not be limited to, coverage for claims for bodily injury or property damage for owned, non-owned, and hired automobiles resulting from actions, failures to act, or operations of the insured, or by its employees or agents, or by anyone directly or indirectly employed by the insured. The amount of insurance coverage shall be $1,000,000.00 per accident. b. The commercial automobile insurance shall include the same endorsements required for the commercial general liability policy (see Section

16.B.2.b).

4. Professional Liability. The Consultant and its contractors and subcontractors shall secure and maintain in full force, during the term of this Contract and for five years thereafter, professional liability insurance policies appropriate to the respective professions and the work to be performed as specified in this Contract. The limits of such professional liability insurance coverage shall be $1,000,000.00 per claim/in the aggregate.

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as is not being maintained, in form and amount substantially the same as is required herein, and the City may deduct the cost of such insurance from any amounts due or which may become due Consultant under this Contract.

D. No policy required by this Contract shall be suspended, cancelled, terminated by either party, or reduced in coverage or in limits unless Consultant has provided thirty (30) days prior written notice by certified mail, return receipt requested, to the City.

E. Any deductibles or self-insured retentions shall be the sole responsibility of Consultant.

F. The requirement as to types, limits, and the City’s approval of insurance coverage to be maintained by Consultant are not intended to, and shall not in any manner, limit or qualify the liabilities and obligations assumed by Consultant under the Contract.

17. MISCELLANEOUS PROVISIONS:

A. Consultant shall keep itself fully informed of, shall observe and comply with, and shall cause any and all persons, firms or corporations employed by it or under its control to observe and comply with, applicable federal, state, county and municipal laws, ordinances, regulations, orders and decrees which in any manner affect those engaged or employed on the work described by this Contract or the materials used or which in any way affect the conduct of the work.

B. Consultant shall not engage in unlawful employment discrimination. Such unlawful employment discrimination includes, but is not limited to, employment discrimination based upon a person’s race, religious creed, color, national origin, ancestry, physical handicap, medical condition, marital status, gender, citizenship, or sexual orientation.

C. This Contract is funded in whole in part through grant funds received under the following grant: HCD Regional Early Action Plan (REAP) (the “Grant”), the terms of which are incorporated herein. Copies of the Grant and any related materials have been made available to Consultant, and Consultant shall ensure that its performance under this Contract, and that of any subcontractors, conforms to the requirements of the Grants.

D. Consultant shall maintain and make available for inspection by the City and its auditors accurate records of all of its costs, disbursements and receipts with respect to any work under this Contract. Such inspections may be made during regular office hours at any time until six (6) months after the final payments under this Contract are made to the Consultant.

E. This Contract constitutes the entire agreement between the parties relative to the services specified herein and no modification hereof shall be effective unless and until such modification is evidenced by a writing signed by both parties to this Contract. There are no understandings, agreements, conditions, representations, warranties or promises, with respect to this Contract, except those contained in or referred to in the writing.

F. All notices that are required to be given by one party to the other under this Contract shall be in writing and shall be deemed to have been given if delivered personally or enclosed in a properly addressed envelope and deposited in a United States Post Office for delivery by registered or certified mail addressed to the parties at the following addresses:
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City: City of West Sacramento
Economic Development & Housing Department
Attn to: Mark Polhemus
1110 West Capitol Avenue, 3rd Floor
West Sacramento, CA 95691
Email: [email protected]

Consultant:

AECOM Technical Services, Inc.

Attn to: Matthew Gerken
2020 L Street, Suite 300
Sacramento, CA 95811
Email: [email protected]

G. This Contract shall be interpreted and governed by the laws of the State of California.

H. Any action arising out of this Contract shall be brought and maintained in Yolo County California, regardless of where else venue may lie.

I. In any action brought by either party to enforce the terms of this Contract, each party shall be bear responsibility for its attorney’s fees and all costs regardless of whether one party is determined to be the prevailing party.
[Signatures on following page]
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CITY OF WEST SACRAMENTO
By: __________________________
Amanda Berlin, Assistant City Manager
ATTEST:

By: _______________________
Jennifer Cusmir, City Clerk
APPROVED AS TO FORM:

By: _______________________
Jeffrey Mitchell, City Attorney

CONSULTANT
By: _________________________
Matthew Gerken, Associate Vice President
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EXHIBIT A
Consultant Proposal/Schedule of Fees
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AECOM 916.414.5800 tel
2020 L Street, Suite 300 916.720.0311 fax
Sacramento, CA 95811
USA
www.aecom.com
May 21, 2024
Mark Polhemus, Senior Program Manager
City of West Sacramento
Economic Development & Housing Department
1110 West Capitol Avenue, 3rd Floor
West Sacramento, CA 95691
Subject: Grand Gateway Zoning and Environmental Services Proposal Greetings, Mark.

Thank you for reaching out on this important and interesting assignment.

I have assembled for your review a brief scope of services and cost estimate to update exhibits from the Grand Gateway Master Plan, collaborate with City staff on a new zoning district for the expanded Grand Gateway Master Plan Area, and prepare documentation supporting the use of the California Environmental Quality Act (CEQA) exemption described in CEQA Guidelines Section 15183 for the City’s discretionary action related to these efforts or documentation supporting a finding that the City’s zoning action related to the Grand Gateway area is within the scope of analysis for the General Plan Environmental Impact Report (pursuant to CEQA Guidelines Section 15168).

We look forward to collaborating with the City on this.

Sincerely,
Matthew Gerken
Associate Vice President, Urban + Environmental Planning AECOM, Sacramento
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Mark Polhemus, Senior Program Manager
City of West Sacramento
May 21, 2024

SCOPE OF SERVICES
Task 1: Initiation
The AECOM Project Manager will meet with City staff to review the role of City staff vis-à-vis AECOM staff, particularly as it relates to the development of a new zoning district to accommodate infill development within the Grand Gateway expanded Master Plan Area. AECOM would also be prepared to get input from the City on how the new zoning district should be structured, what components it should contain, what mix of uses and scale of development is anticipated, and related items. We will confirm the project’s objectives, ensure concurrence with the approach outlined in this scope of services, and the City’s schedule goals for this project.

Task 2: Review Master Plan
AECOM will conduct a detailed review of the existing West Sacramento Grand Gateway Master Planning Document. We will identify aspects of this document that provide development standards or other objective standards that either should be included as a part of a new zoning district, or with some adjustments, can be included as a part of a new zoning district. In addition, we anticipate that there may be some design guidance from the existing Grand Gateway Master Planning Document that could be adjusted to ensure clarity and objectivity, and included as design standards in the new zoning district. We will make note of these items during our review for use in later tasks.

Task 3: Review Existing Proposal
AECOM will review the current proposal for redevelopment of the expanded Grand Gateway Master Plan Area. We will make note of elements of this current proposal that would be relevant for our environmental analysis and our collaborative development with City staff of a new zoning district intended to guide redevelopment of the Grand Gateway Master Plan Area. The existing proposal will be used as a possible demonstration of how guidance from the Grand Gateway Master Planning Document could be applied. However, we understand that the current proposal is just that – a current proposal that may or may not represent the actual ultimate development of the expanded Grand Gateway Master Plan Area.

Task 4: Develop Outline of a New Zoning District
We understand that the City’s intent for guiding redevelopment of the Grand Gateway Master Plan Area is to develop a new zoning district that would supersede the existing West Sacramento Grand Gateway Master Planning Document. As a first step, AECOM would draft for the City’s review an annotated outline of the elements of this new zoning district. We assume that much of the original material related to development standards and allowable land use would be included as a part of this new zoning district, while other components (such as sign regulations, etc.) would not be included, and would instead continue to be found in other parts of the City’s Zoning Ordinance and Municipal Code. AECOM would prepare one revised annotated outline that incorporates one set of consolidated City staff comments.

Task 5: Create Exhibits
We understand that the area that was previously the subject of the West Sacramento Grand Gateway Master Planning Document would be expanded to include two additional properties. Since we understand that the Grand Gateway Master Planning Document would no longer be cross-referenced from the Zoning Ordinance, we assume no need to update all of the Master Planning Document exhibits to include the new properties that would become part of the new zoning district. However, we do anticipate the need to develop exhibits that conceptually describe the overall development intent and to use in the environmental documentation and potentially in public meetings. 285
Mark Polhemus, Senior Program Manager
City of West Sacramento
May 21, 2024

Task 6: Draft Zoning District
AECOM will build up on the annotated outline developed in Task 4 and work in tandem with City staff to populate a new zoning district. We assume this district would include a statement of purpose, applicability, and intent, along with standards for allowable use and types of approvals required, minimum and maximum setbacks, structure heights, density and/or intensity, overall parking requirements, window and balcony placement, private storage space, pedestrian access, building orientation, and mechanical equipment and solid waste storage and collection.

Task 7: Final Zoning District
AECOM will review and incorporate City comments on the Draft Zoning District into one Final Zoning District to use in decision maker review and approval.

Task 8: Biological Resources Assessment
AECOM biologists will conduct a reconnaissance-level biological resources survey of the Grand Gateway Master Plan Area. The purpose of the biological resources survey will be to document map and report on landcover, vegetation, and/or the presence of sensitive biological resources and habitats. This survey and report will enable us to provide the City with insights into potential biological resources within the area. AECOM will review of background information and other applicable data provided by the City, examine existing databases for the project vicinity (CNDDB, CNPS, USFWS), and conduct one site visit to assess the site’s potential to support sensitive biological resources.

AECOM will prepare one daft and one final survey report detailing methods and results of the survey; the report will also include a habitat map of the site, showing locations of any special status species habitats or resources. We will identify which Uniformly Applied Development Standards and Policies from the City’s General Plan and Municipal Code would be applicable for future development of the Grand Gateway Master Plan Area.

Task 9: Noise Assessment
AECOM will collect noise measurements to characterize the existing noise environment. We will collect up to four long-term (24-hour) measurements and up to three short-term (15-minute) measurements. We will download and summarize these data and prepare a brief memo outlining existing conditions and identifying relevant Uniformly Applied Development Standards and Policies from the City’s General Plan and Municipal Code would be applicable for future development of the Grand Gateway Master Plan Area.

Task 10: Cultural Resources Assessment
In order to identify previously recorded cultural resources within the Grand Gateway Master Plan Area and to gain an understanding of the area’s overall archaeological and built environment cultural sensitivity, AECOM will have Northwest Information Center (NWIC) staff conduct a record search of the California Historical Resources Information System at Sonoma State University, Rohnert Park to identify previous cultural resources reports or studies completed within a one-quarter-mile radius of the proposed project area. Pre-field literature review will include a review of historic-era maps and aerial photographs; historic newspapers; online local history collections; property records; and other books and documents, as appropriate.

AECOM archaeologists will conduct a pedestrian survey of the Grand Gateway Master Plan Area.

AECOM assumes that no archaeological or built environment resources will be identified by the survey and that the preparation of Department of Parks and Recreation (DPR) 523 forms will not be required. A short memo report will be prepared that summarizes the record search results and the pedestrian survey. We will identify which Uniformly Applied Development Standards and Policies from the City’s General Plan and Municipal Code would be applicable for future development of the Grand 286
Mark Polhemus, Senior Program Manager
City of West Sacramento
May 21, 2024

Gateway Master Plan Area. As we anticipate the approval of the new zoning district would qualify for a CEQA exemption, we assume no tribal consultation is required.

Task 11: Draft CEQA Report
AECOM will draft a report that explains how the General Plan EIR evaluates impacts of development throughout the city, including the subject area, and how relevant Uniformly Applied Development Standards and Policies that would be required as conditions of approval for a future project within the Grand Gateway Master Plan Area would substantially reduce potential impacts. We will summarize briefly the findings of Task 8, 9, and 10. AECOM will report on the land use change assumptions embodied in the General Plan EIR analysis and how the land use change assumptions encompass development that could occur on the subject site under the proposed zoning district. We anticipate a brief report that explains how implementation of the proposed zoning district was anticipated as a part of the General Plan EIR to support the CEQA findings included as a part of adoption of the new zoning district.

Task 12: Final CEQA Report
AECOM will review and incorporate City comments on the Draft CEQA Report into one Final CEQA Report to use in decision maker review and approval.

Task 13: Meeting Attendance
We assume up to eight coordination meetings and up to two public meetings, attended by the AECOM Project Manager.

COST ESTIMATE
AECOM has provided a total allowance of up to $60,000 for the above-described baseline tasks. We will invoice on a time-and-materials basis only for what is actually required to complete this work.

ASSUMPTIONS
► Our cost estimate is based on a specific assumed amount of staff hours on this assignment since we understand this will be a collaborative assignment involving both AECOM staff and City staff in the preparation of deliverables.
► We assume no NEPA analysis or documentation.
► We assume the City will handle the mechanics of the Zoning Ordinance update relative to the City’s website, any municipal code online resources, public noticing, public meeting agendas, and staff reports.
► No focused special-status species surveys or aquatic resource delineation is needed. ► The City will coordinate access to the site.
► We assume no Native American consultation is required. ► The baseline tasks budget is based on completion of work by September 30th, 2024. If delay occurs, an amendment of the budget would be warranted.
287
AECOM Technical Services, Inc.

EDH24-147- Grand Gateway Planning and Environmental Services Expires on 12/31/2025

EXHIBIT B
Schedule of Performance
Contract Start Date June 5, 2024
Deliver Final Zoning District and CEQA
Report September 30, 2024
Attend Public Meetings (Planning
Commission and/or City Council) Fall/Winter 2024
Contract End Date December 31, 2025
288
AECOM Technical Services, Inc.

EDH24-147- Grand Gateway Planning and Environmental Services Expires on 12/31/2025

EXHIBIT C
CERTIFICATE OF COMPLIANCE WITH LABOR CODE § 3700
[Labor Code § 1861]
I am aware of the provisions of Section 3700 of the Labor Code which require every employer to be insured against liability for workers’ compensation or to undertake self-insurance in accordance with the provisions of that code, and I will comply with such provisions before commencing the performance of the work of this contract.

CONSULTANTS
By:

Matthew Gerken, Associate Vice President
289

EXHIBIT D

ADDITIONAL GRANT PROVISIONS

1. The following access to records requirements applies to this contract:
(1) The Consultant agrees to provide the City, or any of their authorized representatives access to any books, documents, papers, and records of the Consultant which are directly pertinent to this contract for the purposes of making audits, examinations, excerpts, and transcriptions. (2) The Consultant agrees to permit any of the foregoing parties to reproduce by any means whatsoever or to copy excerpts and transcriptions as reasonably needed.

2. The Consultant acknowledges that 31 U.S.C. Chap. 38 (Administrative Remedies for False Claims and Statements) applies to the Consultant’s actions pertaining to this contract.

3. Contractor and its subcontractors shall comply with all provisions prohibiting discrimination on the basis of race, color, or national origin of Title VI of the Civil Rights Act of 1964, as amended, 42 U.S.C. §§ 2000d, et seq., with U.S. D.O.T. regulations, “Nondiscrimination in Federally-Assisted Programs of the Department of Transportation – Effectuation of Title VI of the Civil Rights Act”, 49 C.F.R. Part 21, and with any applicable implementing Federal directives that may be issued. Title VI provides that the recipients of federal assistance will implement and maintain a policy of nondiscrimination in which no person shall, on the basis of race, color, ancestry, national origin, religion, religious creed, sex, age, or disability, be excluded from participation in, denied the benefits of, or subject to discrimination under any program or activity by the recipients of federal assistance or their assignees and successors in interest.

4. Contractors and subcontractors shall comply with all applicable equal employment opportunity (EEO) provisions of 42 U.S.C. § 2000e, implementing Federal regulations, and any applicable implementing Federal directives that may be issued. Contractors and subcontractors shall ensure that applicants and employees are treated fairly without regard to their race, color, creed, sex, disability, age, or national origin.

5. Contractors and subcontractors will act in accordance with Title VI and will not unlawfully discriminate, harass, or allow harassment, against any employee or applicant for employment because of sex, sexual orientation, race, color, ancestry, religion, religious creed, national origin, physical disability (including HIV and AIDS), mental disability, medical condition, age or marital status. Contractors and subcontractors will further ensure that the evaluation and treatment of their employees and applicants for employment are free from such discrimination and harassment, including the improper denial of family and medical care leave and pregnancy disability leave. Contractors and subcontractors will comply with all applicable Federal and State employment laws and regulations including, without limitation, the provisions of the California Fair Employment and Housing Act (Government Code § 12900, et seq.) and the applicable regulations promulgated thereunder (California Code of Regulations, Title 2, § 7285.0, et seq.), as well as Title 2, California Code of Regulations, Section 8103. The applicable regulations of the Fair Employment and Housing Commission implementing Government Code §§ 12990 (a-f), set forth in Chapter 5 of Division 4 of Title 2 of the California Code of Regulations, are incorporated into this Agreement by reference and made a part hereof as if set forth in full.

Contractors and subcontractors will give written notice of their obligations under this clause to labor organizations with which they have a collective bargaining or other agreement.

6. Contractors and subcontractors shall also comply with the Older Americans Act, as amended (42 U.S.C. 6101), prohibiting discrimination on the basis of age, Section 324 of Title 23 U.S.C., prohibiting discrimination based on gender, and Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. 794) and 49 CFR part 27 regarding discrimination against individuals with disabilities.

7. Contractor, with regard to the work performed by it during the Agreement, shall act in accordance with Title VI. Specifically, Contractor shall not discriminate on the basis of race, color, ancestry, national origin, religion, religious creed, sex, age, or disability in the selection and retention of subcontractors, including procurement of materials and leases of equipment.

8. Consultant shall comply with all program requirements applicable to the following grants that will be used, in whole or in part, to fund the work under this Contract. The terms and conditions of these grant programs are hereby incorporated by this reference as if set forth in full herein. Copies of all relevant contract documents have been made available to Consultant:
a. The Local Early Action Planning Grants Program (“LEAP”), Health and Safety Code Sections 50515 et seq. (contract dated 2/19/21);
b. The Regional Early Action Planning Grant Program (“REAP”) administered by the Sacramento Area Council of Governments (MOU dated 6/30/2021); and
290
c. The Planning Grants Program, Health and Safety Code Sections 50470 et seq. (contract dated 5/15/20).
291

CITY COUNCIL AGENDA REPORT
MEETING DATE: May 15, 2024 ITEM #9
SUBJECT:

CONSIDERATION OF ACCEPTANCE OF THE ANNUAL COMPREHENSIVE FINANCIAL REPORT AND RELATED DOCUMENTS FOR FISCAL YEAR ENDING JUNE 30, 2023 INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [X] Staff
[ ] Other
Becky Robertson, Finance Manager
Finance Department
ATTACHMENT [X] Yes [ ] No [ ] Information [ ] Direction [X] Action

OBJECTIVE
The purpose of this report is to provide the final audited Annual Comprehensive Financial Report (“Annual Report” or “ACFR”) and related documents to City Council for the fiscal year ending June 30, 2023 as required by federal and state regulations.

RECOMMENDED ACTION
Staff respectfully recommends that the City Council accept the Annual Report, Single Audit, and Appropriations Limit Report for fiscal year ending June 30, 2023.

BACKGROUND
Government Code Sections 37208, 40804 and 53891 and various other federal and state regulations provide that the City prepare and publish annual audited financial statements. This year’s financial statements were audited by Lance, Soll & Lunghard LLP., an independent public accounting firm. The reports will be distributed to other agencies as provided by law.

ANALYSIS
Annual Comprehensive Financial Report (Annual Report) The auditor has opined that the City’s Annual Report presents 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 of West Sacramento, California, as of June 30, 2023. In addition to the respective changes in financial position and cash flows, the respective budgetary comparisons for the general fund and the major special revenue funds for the year ended in conformity with accounting principles generally accepted in the United States of America.

Single Audit and Compliance Reports. As a condition to receiving federal and/or select state financial assistance over a certain dollar value each year, the City is required to have a Single Audit Report. This report focuses on compliance with requirements described in the Code of Federal Regulations (2CFR200) and requirements described in the City’s Internal Control procedures. This report was filed with the regulatory agency of March 31, 2024. The final audit report contains one reportable material weaknesses related to the City’s financial reporting.

Finding 2023-001 refers to a material weakness related to the City’s year-end closing process. City personnel identified miscellaneous correcting entries after furnishing the initial trial balance to the auditors. The Finance Department does have internal controls in place to ensure that all year-end entries are properly calculated and reported, however Finance staff will implement additional year-end procedures in regard to analytics and reconciliations.

Findings 2023-002 and 2023-003 refer to non-compliance in the areas of HOME Investment Partnership Program and Community Development Block Grants/Entitlement Grants loan compliance. During routine audit testing, City personnel were unable to obtain supporting documentation for required loan compliance documents.

The Economic Development and Housing Department will implement procedures to ensure that all annual compliance documents are collected and maintained for the life of the loan. 292
Annual Comprehensive Financial Report

Appropriations Limit. California law requires the City to have a CPA perform certain agreed-upon procedures to the Appropriations Limit under American Institute of Certified Public Accountants attestation standards. Based upon the application of these procedures, the auditors found that nothing came to their attention that caused them to believe that the Appropriations Limit was not computed in accordance with Article XIIIB of the California Constitution.

Digital copies of the Annual Report, Single Audit and Appropriations Limit Report for the fiscal year ending June 30, 2023 may be located on the City’s website at:
https://www.cityofwestsacramento.org/government/departments/administrative-services/financial-documents.

Environmental Considerations
Not applicable
Commission Recommendation
Not applicable
Strategic Plan Integration
These actions support the City’s mission to provide a City government that is financially sound.

Alternatives
Not applicable
Coordination and Review
Not applicable
Budget/Cost Impact
Not applicable

ATTACHMENTS

1. Annual Comprehensive Financial Report

2. Single Audit

3. Appropriations Limit
293

ANNUAL COMPREHENSIVE

FINANCIAL REPORT
For the Fiscal Year Ended June 30, 2023
294
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295

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296

CITY OF WEST SACRAMENTO, CALIFORNIA
Annual Comprehensive Financial Report
For the Year Ended June 30, 2023
Table of Contents
Page

INTRODUCTORY SECTION
Letter of Transmittal ............................................................................................................................................ i Organizational Chart ......................................................................................................................................... vii List of Elected and Appointed Officials ............................................................................................................ viii GFOA Certificate ................................................................................................................................................ ix

FINANCIAL SECTION
Independent Auditors’ Report ............................................................................................................................. 1 Management’s Discussion and Analysis ........................................................................................................... 7 Basic Financial Statements:

Government-Wide Financial Statements:

Statement of Net Position .......................................................................................................................... 23 Statement of Activities ............................................................................................................................... 24 Fund Financial Statements:

Governmental Funds:

Balance Sheet – Governmental Funds .............................................................................................. 28 Reconciliation of the Governmental Funds Balance Sheet
With the Statement of Net Position ................................................................................................ .31 Statement of Revenues, Expenditures, and Changes in
Fund Balances – Governmental Funds .......................................................................................... 32 Reconciliation of the Net Change in Fund Balances –
Governmental Funds with the Statement of Activities .................................................................... 34 Proprietary Funds:

Statement of Net Position ................................................................................................................... 36 Statement of Revenues, Expenses and Changes in Fund Net Position ........................................... 37 Statement of Cash Flow ..................................................................................................................... 38 Fiduciary Funds:

Statement of Fiduciary Net Position ................................................................................................... 40 Statement of Changes in Fiduciary Net Position ................................................................................ 41 Note to the Basic Financial Statements .................................................................................................... 43 297

CITY OF WEST SACRAMENTO, CALIFORNIA
Annual Comprehensive Financial Report
For the Year Ended June 30, 2023
Table of Contents
Page

REQUIRED SUPPLEMENTARY INFORMATION
Budgetary Comparison Schedules –
General Fund ................................................................................................................................................ 101 HCD Block Grant – Special Revenue Fund .............................................................................................. 102 Low and Moderate Income Housing Asset Fund ..................................................................................... 103 Schedule of Changes in the Net Pension Liability and Related Ratios – Miscellaneous Plan (Unaudited) ................................................................................................................. 104 Schedule of the Proportionate Share of the Net Pension Liability – Public Safety Plan (Unaudited) ................................................................................................................... 106 Schedule of Contributions to the Pension Plan –
Miscellaneous Plan (Unaudited) ................................................................................................................. 107 Schedule of Contributions to the Pension Plan –
Public Safety Plan (Unaudited) ................................................................................................................... 107 Schedule of Changes in the Net Other Postemployment
Benefits Liability (Unaudited) ...................................................................................................................... 108 Schedule of Contributions to the Other Postemployment
Benefits Liability (Unaudited) ...................................................................................................................... 110

SUPPLEMENTARY INFORMATION
Combining Schedules:

Non – Major Governmental Funds:

Combining Balance Sheets .............................................................................................................. 116 Combing Statement of Revenues, Expenditures and Changes in Fund Balances ......................... 128 Budgetary Comparison Schedules –
City Capital Projects Fund ............................................................................................................................ 140 Road Fund ................................................................................................................................................. 141 Transit Fund .............................................................................................................................................. 142 Cable Fund ................................................................................................................................................ 143 General Equipment Improvements Fund .................................................................................................. 144 Tree Mitigation Improvements Fund ......................................................................................................... 145 Landscape and Street Lighting Fund ........................................................................................................ 146 Storm Water Maintenance District Fund ................................................................................................... 147 RD 811 Maintenance Fund ....................................................................................................................... 148 Special Purpose Fund ............................................................................................................................... 149 Parking Improvement Fund ....................................................................................................................... 150 Public Safety Fund .................................................................................................................................... 151 Public Art Fund .......................................................................................................................................... 152 Development Trust Fund........................................................................................................................... 153 Bridge District IFD Fund ............................................................................................................................ 154 Enhanced IFD Fund .................................................................................................................................. 155 Public Works Support Services Fund ....................................................................................................... 156 Community Development Performance Bond Support Fund ................................................................... 157 Flood Program Support Fund ................................................................................................................... 158 Economic Development Fund ................................................................................................................... 159 Technology Impact Fee Fund ................................................................................................................... 160 CDD Grants Fund ..................................................................................................................................... 161 Environmental Support Services Fund ..................................................................................................... 162 298

CITY OF WEST SACRAMENTO, CALIFORNIA
Annual Comprehensive Financial Report
For the Year Ended June 30, 2023
Table of Contents
Page
Reclamation District 900 ........................................................................................................................... 163 Traffic Improvements ................................................................................................................................ 164 General Facilities ....................................................................................................................................... 165 Park Improvement ..................................................................................................................................... 166 Underground Improvements Fund ............................................................................................................ 167 Police Facility Impact Fees ....................................................................................................................... 168 Fire Facility Impact Fee ............................................................................................................................. 169 Childcare Impact Fee ................................................................................................................................ 170 City Hall Impact Fees Fund ....................................................................................................................... 171 Drainage Impact Fees Fund ..................................................................................................................... 172 Corp Yard Impact Fees ............................................................................................................................. 173 Flood In-Lieu Fees Fund ........................................................................................................................... 174 Senior Center Construction ....................................................................................................................... 175 Triangle/Bridge District Capital Fund ........................................................................................................ 176 Southport Mello-Roos ............................................................................................................................... 177 B.D. Development Fees ............................................................................................................................ 178 Community Facilities District Fund ........................................................................................................... 179 2012 Pension Obligation Bonds................................................................................................................ 180 2012 Refunding Lease Revenue Bonds ................................................................................................... 181 2011 Lease Revenue Refunding Bonds ................................................................................................... 182 General Equipment Lease ........................................................................................................................ 183 Fiduciary Funds:

Private – Purpose Trust Funds – Combining Statement of Fiduciary Net Position ............................... 186 Private – Purpose Trust Funds – Combing Statement of Changes in Fiduciary Net Position ............... 187 Custodial Funds – Combining Statement of Fiduciary Net Position......................................................... 190 Custodial Funds – Combing Statement of Changes in Fiduciary Net Position ...................................... 200 299

CITY OF WEST SACRAMENTO, CALIFORNIA
Annual Comprehensive Financial Report
For the Year Ended June 30, 2023
Table of Contents
Page

STATISTICAL SECTION
Financial Trends:

Net Position by Components – Last Ten Fiscal Years ........................................................................... 211 Changes in Net Position – Last Ten Fiscal Years .................................................................................. 212 Fund Balances of Governmental Funds – Last Ten Fiscal Years .......................................................... 215 Changes in Fund Balances of Governmental Funds – Last Ten Fiscal Years ...................................... 216 Revenue Capacity:

Assessed Value and Estimated Actual Value of Taxable Property – Last Ten Fiscal Years .......................................................................................................................... 218 Direct and Overlapping Property Tax Rates – Last Ten Fiscal Years .................................................... 219 Principal Property Taxpayers – Current Year and Nine Years Ago ....................................................... 220 Property Tax Levis and Collections – Last Ten Fiscal Years ................................................................. 221 Debt Capacity:

Ratios of Outstanding Debt by Type – Last Ten Fiscal Years ................................................................ 222 Ratios of General Bonded Debt Outstanding – Last Ten Fiscal Years .................................................. 223 Direct and Overlapping Governmental Activities Debt ........................................................................... 224 Legal Debt Margin Information – Last Ten Fiscal Years ........................................................................ 226 Pledged – Revenue Coverage – City – Last Ten Fiscal Years:

Continuing Disclosure Water Revenue Bonds and Redevelopment Agency Tax Allocation Bonds and Successor Agency Bonds ......................................................................... 227 Demographic and Economic Information:

Demographic and Economic Statistics – Last Ten Fiscal Years ............................................................ 228 Principal Employers – Current Year and Nine Years Ago ...................................................................... 229 Operating Information:

Capital Assets Statistics by Function/Program – Last Ten Fiscal Years .................................................... 230 Principal Sales Tax Remitters – Current Year and Nine Years Ago ...................................................... 231 Full – Time Equivalent City Government Employees by Function/Program – Last Ten Fiscal Years .......................................................................................................................... 232 Operating Indicators by Function/Program – Last Ten Fiscal Years ...................................................... 233 300
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The Management Agenda includes items for which the Council has set the overall direction and provided initial funding (e.g. phased project), but may require further Council action on funding; or is a major management project. The 2023 Management Agenda includes:
x Home Run Implementation & Growth
x Homelessness & Communitywide Impacts
x Grand Gateway Development
x Waterfront Districts Public Safety & Security
x Municipal Workforce & Management Diversity
x Climate Action Plan Implementation
x Equitable Investment Strategy/Programs
x I Street Bridge Replacement/Deck Conversion
x Bryte Park Master Plan Implementation
x Explore Park Ranger Program Development
x Core Services/Operations Functions Growth and Funding x Pheasant Club Development
x Cultural Events Fund
In addition, the City updates a Long-Term Financial Forecast on an annual basis to provide a forward look at the City’s General Fund and Tax Measures (E, K, N, and V) operating revenues and expenditures.

Its purpose is to identify financial trends, shortfalls, opportunities, and issues so the City can proactively address them. It does so by projecting the future fiscal results of continuing the City’s current service levels and policies. The Long-Term Forecast lays the foundation for the budget, aiding both the City Manager and City Council in establishing priorities and allocation resources appropriately.

AWARDS
The GFOA awarded a Certificate of Achievement for Excellence in Financial Reporting to the City for its annual comprehensive financial report for the fiscal year ended June 30, 2022. This was the 25th consecutive year that the government has achieved this prestigious award. To be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both generally accepted accounting principles and applicable legal requirements.

A Certificate of Achievement is valid for a period of one year only. In our opinion, the current annual comprehensive financial report continues to meet the Certificate of Achievement Program’s requirements and it will be submitted to the GFOA to determine its eligibility for recognition.

ACKNOWLEDGMENTS
We would like to express our appreciation to the entire Finance Department and City staff across departments for their effort in maintaining accurate and timely accounting records from which this report was prepared. We would also like to acknowledge the professional work and advice of Lance, Soll & Lunghard, LLP.

Roberta Raper
Director of Finance
Rebecca Robertson
Finance Manager









 

 
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308
202/202
City Council
Roberta Raper
Directorof )LQDQFH
Aaron Laurel
City Manager
Amanda Berlin
Assistant City Manager
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Development
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DirectorofEconomic
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Steve Binns
Fire Chief
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DirectorofParks&
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Fiscal Records
Revenue Collection
Budget
Public Finance
City Manager’s Office
City Clerk
Risk Management
Community Relations Human
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Preschools
Special Events
Support Services
Records
Operations (Patrol)
Traffic/Parking
Investigations
Engineering
Inspection Engineering
Capital Improvement
Program
Jeff Mitchell
City Attorney
City Commissions
Board of Appeals
Arts, Culture & Historic
Preservation
Disaster Council
Economic Development &
Housing
Environment & Utilities
Parks, Recreation &
Intergenerational Services
Planning
Transportation, Mobility &
Infrastructure
Total FTE: 391.55
William Roberts
Director of Public Works
Operations & Maintenance
Facilities
Equipment & Facilities
Maintenance
Road
Storm Water
Sewer
Water Distribution
Port of West Sacramento
Flood Protection
Steve Binns
Fire Chief
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vii
309
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Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of West Sacramento
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2022
Executive Director/CEO
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1611 E. Fourth Street, Suite 200
Santa Ana, CA 92701
(714) 569-1000
203 N. Brea Blvd, Suite 203
Brea, CA 92821
(714) 672-0022
21 Waterway Avenue, Suite 30089
The Woodlands, TX 77380
(936) 828-4587
2151 River Plaza Dr., Suite 150
Sacramento, CA 95833
(916) 503-9691
24422 Avenida de la Carlota, Suite 275
Laguna Hills, CA 92653
(949) 829-8299
www.lslcpas.com
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8 322
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2023
Required Supplementary Information
Required supplementary information regarding the funding progress of the City’s pension and postemployment benefits plans can be found starting on page 104 of this report.

Combining and Individual Fund Financial Statements and Schedules The combining statements referred to earlier in connection with non-major governmental funds are presented immediately following the Notes to the Financial Statements. Combining and individual fund statements can be found starting on page 119 of this report.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
The City presents its financial statements under the reporting model required by the GASB Statement No. 34, Basic Financial Statements – and Management’s Discussion and Analysis (MD&A) – for State and Local Governments. For comparison purposes, two years of financial information is provided in the GASB 34 format.

As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. In the case of the City, assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $748.8 million as of June 30, 2023, and $696.3 million as of June 30, 2022.

By far the largest portion of the City’s net position (60.6%) is reflected in net investment of capital assets which includes land, buildings, improvements, equipment and infrastructure, representative of both citywide and business-type assets. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. The remaining 39.4% of the City’s net position represents resources that may be subject to external restrictions on how they may be used.

The net position in Fiscal Year 2023 increased by $43.9 million for governmental activities and $8.7 million for business-type activities, for a combined increase of $52.6 million. The increase in current and other assets of $59.3 million is primarily due to lease receivables increasing by $17.0 million due to an amendment of the master lease agreement between the Sacramento-Yolo Port District and SSA Pacific. In addition, cash and investments increased by $13.8 million and grants receivable increased by $6.3 million which is mostly attributable to increased funding from State and Federal Grants related to capital projects. Similarly, capital assets increased by $11.4 million due to the completion and recognition of new assets during the fiscal year. Deferred outflows of resources increased by $25.9 million due to increases in the net pension and other post-employment benefit (OPEB) as required by GASB 68 and 75.

Current and other liabilities increased by $4.1 million due to accounts payable liabilities increasing by $3.7 million. Long-term liabilities increased by $45.2 primarily due to the net pension and other post-employment benefits liabilities increasing by $41.4 million. Deferred inflows of resources decreased by $16.5 million. This is a result of a decrease in deferred outflows related to pension and other post-employment benefits of $32.2 million while deferred outflows related to leases increased by $15.6 million due to an amendment of the master lease agreement between the Sacramento-Yolo Port District and SSA Pacific.
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22 336

CITY OF WEST SACRAMENTO
Statement of Net Position
Governmental Business-Type
Activities Activities Total
Assets:

Cash and investments $ 53,528,492 216,912,239 $ 270,440,731 $ Receivables:

Accounts 3,176,619 9,066,090 12,242,709
Notes and loans 60,744,081 281,616 61,025,697
Accrued interest 9,773,390 370,536 10,143,926
Leases 1,008,867 31,440,492 32,449,359
Grants 8,302,340 6,311 8,308,651
Internal balances (83,036) 83,036 -
Prepaid costs 2,537,206 4,085 2,541,291
Due from other governments 15,737,783 30,768 15,768,551 Land held for resale 3,220,184 - 3,220,184
Restricted assets:

Cash with fiscal agent 14,299,488 4,333 14,303,821
Capital assets not being depreciated 91,504,191 30,624,698 122,128,889 Capital assets, net of depreciation 288,271,120 116,797,061 405,068,181 Total Assets 715,404,472 242,237,518 957,641,990
Deferred Outflows of Resources:

Deferred charge on refunding 242,028 5,337,676 5,579,704 Pension-related 42,848,823 817,499 43,666,322
OPEB-related 5,397,192 376,437 5,773,629
Total Deferred Outflows
of Resources 48,488,043 6,531,612 55,019,655
Liabilities:

Accounts payable 8,311,719 4,743,869 13,055,588
Accrued liabilities 2,875,886 418,122 3,294,008
Accrued interest 101,698 458,164 559,862
Unearned revenue 3,126,740 51,615 3,178,355
Deposits payable 3,870,200 1,584,870 5,455,070
Due to other governments 1,865,463 1,700,171 3,565,634
Compensated absences 147,124 - 147,124
Noncurrent liabilities:

Due within one year: bonds, notes, leases, SBITA,
and compensated absences 2,621,302 4,584,568 7,205,870
Due in more than one year
Net pension liability 105,243,155 2,517,538 107,760,693 Net OPEB liability 2,232,543 155,714 2,388,257
Bonds, notes, leases, SBITA,
and compensated absences 11,012,167 62,110,864 73,123,031 Total Liabilities 141,407,997 78,325,495 219,733,492
Deferred Inflows of Resources:

Concession arrangement - 122,224 122,224
Pension-related 4,727,831 785 4,728,616
OPEB-related 7,836,978 546,605 8,383,583
Leases 969,111 29,884,200 30,853,311
Total Deferred Inflows
of Resources 13,533,920 30,553,814 44,087,734
Net Position:

Net investment in capital assets 372,754,803 86,472,885 459,227,688 Restricted for:

Housing rehabilitation 65,555,101 - 65,555,101
Street, road and drainage projects 8,472,291 - 8,472,291 Community development 18,357,585 - 18,357,585
Capital projects 57,527,663 7,760 57,535,423
Parks and recreation 44,057 - 44,057
Public safety 923,257 - 923,257
Information technology 717,949 - 717,949
Debt service 1,257,019 - 1,257,019
Unrestricted 83,340,873 53,409,176 136,750,049
Total Net Position $ 608,950,598 $ 139,889,821 $ 748,840,419 June 30, 2023
Primary Government
See Notes to Financial Statement. 23
337

CITY OF WEST SACRAMENTO
Statement of Activities
Year Ended June 30, 2023
Operating Capital
Charges for Contributions Contributions
Expenses Services and Grants and Grants
Functions/Programs
Primary Government:

Governmental Activities:

General government $ 26,970,465 $ 3,829,089 $ 1,974,415 $ 34,207 Public safety 40,131,551 6,960,278 1,175,678 227,916
Community development 6,917,956 3,080,065 1,871 226,004 Culture and Recreation 10,219,091 173,093 7 -
Public works 30,093,745 16,390,708 12,068,689 -
Landscaping and street lighting 3,800,171 4,182,869 - 1,149,581 Housing rehabilitation 6,483,331 3,071,455 570,418 -
Interest on long-term debt 377,307 - - -
Total Governmental Activities 124,993,617 37,687,557 15,791,078 1,637,708 Business-Type Activities:

Sewer Fund 13,771,756 16,534,285 - -
SWater Fund 12,685,085 18,342,125 - -
SRefuse Fund 10,433,355 11,560,738 - -
GPort Operations 2,905,639 1,631,833 205,702 -
Total Business-Type Activities 39,795,835 48,068,981 205,702 - Total Primary Government $ 164,789,452 $ 85,756,538 $ 15,996,780 $ 1,637,708 General Revenues:

Taxes:

Property taxes, levied for general purpose
Transient occupancy taxes
Sales taxes
Franchise taxes
Other taxes
Use of money and property
Other
Transfers
Total General Revenues and Transfers
Change in Net Position
Net Position at Beginning of Year, as Restated
Net Position at End of Year
Program Revenues
See Notes to Financial Statement. 24
338
Primary Government
Governmental Business-Type
Activities Activities Total
$ - (21,132,754) $ (21,132,754) $
(31,767,679) - (31,767,679)
(3,610,016) - (3,610,016)
(10,045,991) - (10,045,991)
(1,634,348) - (1,634,348)
1,532,279 - 1,532,279
(2,841,458) - (2,841,458)
(377,307) - (377,307)
(69,877,274) - (69,877,274)
- 2,762,529 2,762,529
- 5,657,040 5,657,040
- 1,127,383 1,127,383
- (1,068,104) (1,068,104)
- 8,478,848 8,478,848
(69,877,274) 8,478,848 (61,398,426)
42,406,471 - 42,406,471
2,845,071 - 2,845,071
44,510,993 - 44,510,993
2,975,227 - 2,975,227
4,719,135 - 4,719,135
3,364,482 3,997,537 7,362,019
10,090,918 793,999 10,884,917
4,590,139 (4,590,139) -
115,502,436 201,397 115,703,833
45,625,162 8,680,245 54,305,407
563,325,436 131,209,576 694,535,012
$ 139,889,821 608,950,598 $ 748,840,419 $
Net (Expenses) Revenues and
Changes in Net Position
See Notes to Financial Statement. 25
339

THIS PAGE INTENTIONALLY LEFT BLANK
26 340
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27 341

CITY OF WEST SACRAMENTO
Balance Sheet
Governmental Funds
June 30, 2023
Capital
Projects Funds
General
Assets:

Pooled cash and investments $ 43,505,066 $ 4,769,126 $ 306,257 $ 55,776,850 Receivables:

Accounts 2,196,530 113,599 31,731 -
Notes and loans 272,361 27,985,570 32,454,419 -
Accrued interest 271,522 3,450,167 5,746,205 97,559
Leases 920,266 - - -
Grants 205,442 378,674 - 6,187,172
Prepaid costs 826,449 - - -
Due from other governments 12,428,712 - - 251,218
Due from other funds 6,636,531 7,380 - -
Advances to other funds 4,550,754 - - -
Land held for resale 3,220,184 - - -
Restricted assets:

Cash and investments with fiscal agents - - - -
Total Assets $ 75,033,817 $ 36,704,516 $ 38,538,612 $ 62,312,799 Liabilities, Deferred Inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable $ 1,691,313 $ 90,290 $ 4,028,401 - $
Accrued liabilities 2,489,368 - - -
Unearned revenues 803,286 - - 175,000
Deposits payable 48,650 - - -
Due to other governments 293,817 60,571 - -
Due to other funds 392,390 - - -
Advances from other funds 3,106,661 364,653 - -
Compensated absences 147,124 - - -
Total Liabilities 8,972,609 515,514 - 4,203,401
Deferred Inflows of Resources:

Unavailable revenues 51,211 3,426,598 5,745,915 -
Leases 881,547 - - -
Total Deferred Inflows of Resources 932,758 3,426,598 5,745,915 - Fund Balances:

Nonspendable 8,908,467 - - -
Restricted - 32,762,404 32,792,697 -
Committed 31,189,934 - - 58,109,398
Assigned - - - -
Unassigned 25,030,049 - - -
Total Fund Balances 65,128,450 32,762,404 32,792,697 58,109,398 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances $ 75,033,817 $ 36,704,516 $ 38,538,612 $ 62,312,799 City Capital
Projects Fund
Special Revenue Funds
HCD - Block
Grant
Low Moderate
Income
Housing Fund
See Notes to Financial Statement.
28 342

CITY OF WEST SACRAMENTO
Balance Sheet
Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Notes and loans
Accrued interest
Leases
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Land held for resale
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances:

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Compensated absences
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances:

Nonspendable
Restricted
Committed
Assigned
Unassigned
Total Fund Balances
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances
$ 216,912,239 112,554,940 $
866,490 3,208,350
- 60,712,350
236,279 9,801,732
88,601 1,008,867
1,531,052 8,302,340
1,710,757 2,537,206
3,057,853 15,737,783
148,084 6,791,995
10,283,040 14,833,794
- 3,220,184
14,299,488 14,299,488
$ 357,366,328 144,776,584 $
$ 8,311,719 2,501,715 $
414,860 2,904,228
2,148,454 3,126,740
3,821,550 3,870,200
1,511,075 1,865,463
6,399,605 6,791,995
11,445,516 14,916,830
- 147,124
28,242,775 41,934,299
2,697,989 11,921,713
87,564 969,111
2,785,553 12,890,824
11,993,797 20,902,264
87,299,821 152,854,922
19,864,896 109,164,228
677,446 677,446
(6,087,704) 18,942,345
113,748,256 302,541,205
$ 357,366,328 144,776,584 $
Other
Governmental
Funds
Total
Governmental
Funds
See Notes to Financial Statement.
29 343

THIS PAGE INTENTIONALLY LEFT BLANK
30 344

CITY OF WEST SACRAMENTO
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position
June 30, 2023
Fund balances of governmental funds $ 302,541,205
Amounts reported for governmental activities in the Statement of Net Position are different because:

Capital assets net of accumulated depreciation/amortization, used in governmental activities are not financial resources and, therefore, are not reported in the funds. 379,775,311 Differences between expected and actual experiences, assumption changes and net differences between projected and actual earnings, and contributions subsequent to the measurement date for the postretirement benefits (pension and OPEB) are recognized as deferred outflows of resources and deferred inflows of resources on the Statement of Net Position.

Deferred outflows-pension related $ 42,848,823
Deferred outflows-OPEB related 5,397,192
Deferred inflows-pension related (4,727,831)
Deferred inflows-OPEB related (7,836,978) 35,681,206
Other long-term assets that are not available to pay for current period expenditures and, therefore, are either labeled unavailable or not reported in the funds.

Miscellaneous revenue 11,921,713
Long-term liabilities that are not due and payable in the current period, and therefore, are not reported in the funds.

Loans and financed purchases (5,205,990)
Leases and SBITAs (2,056,546)
Compensated Absences (6,370,933)
Accrued interest payable on long-term debt (101,698)
Net pension liability (105,243,155)
Net OPEB liability (2,232,543) (121,210,865)
Notes payable
Governmental funds report the effect of premiums, discounts, and refundings similar items when debt is first issued, whereas, these amounts are defererd and amortized in the Statement of Activities. 242,028
Net Position of governmental activities $ 608,950,598
See Notes to Financial Statement.
31 345

CITY OF WEST SACRAMENTO
Statement of Revenues,
Expenditures and Changes in Fund Balances
Governmental Funds
Year Ended June 30, 2023
Capital
Projects Funds
General
Revenues:

Taxes $ - 92,999,770 $ - $ $ -
Licenses and permits 1,420,927 - - -
Intergovernmental 2,355,098 684,743 - 8,726,572
Contribution from property owners 381 100,000 - -
Charges for services 5,056,252 2,528,927 - -
Use of money and property 1,222,099 274,038 38,402 (66,670) Fines and forfeitures 220,718 - - -
Contributions 153,030 - 6,357 -
Miscellaneous 139,367 - - -
Total Revenues 103,567,642 3,587,708 44,759 8,659,902
Expenditures:

Current:

General government 21,559,882 - - -
Public safety 41,774,353 - - -
Community development 1,067,852 - 6,475 -
Parks and recreation 8,103,584 - - -
Public works 6,929,321 - - -
Landscape and street lighting - - - -
Housing rehabilitation - 6,469,294 - 9,595
Capital outlay 7,530,209 - - 14,268,720
Debt service:

Principal retirement 542,129 - - -
Interest and fiscal charges 91,840 - - -
Total Expenditures 87,599,170 6,469,294 6,475 14,278,315 Excess (Deficiency) of Revenues
Over (Under) Expenditures 15,968,472 (2,881,586) 38,284 (5,618,413) Other Financing Sources (Uses):

Transfers in 11,676,379 364,653 - 37,997,068
Transfers out (29,506,563) (426,674) - (5,348,492)
Leases issuance 451,838 - - -
Subscriptions issuance 351,055 - - -
Proceeds from sale of capital assets 19,214 9,713,809 - - Total Other Financing Sources
(Uses) (17,008,077) 9,651,788 - 32,648,576
Net Change in Fund Balances (1,039,605) 6,770,202 38,284 27,030,163 Fund Balances, Beginning of Year, as
previously reported 66,168,055 25,779,167 32,921,822 31,079,235 Restatements - 213,035 (167,409) -
Fund Balances, Beginning of Year, as restated 66,168,055 25,992,202 32,754,413 31,079,235 Fund Balances, End of Year $ 65,128,450 $ 32,762,404 $ 32,792,697 $ 58,109,398 Special Revenue Funds
HCD - Block
Grant
Low Moderate
Income
Housing Fund
City Capital
Projects Fund
See Notes to Financial Statement.
32 346

CITY OF WEST SACRAMENTO
Statement of Revenues,
Expenditures and Changes in Fund Balances
Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital assets
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances, Beginning of Year, as
previously reported
Restatements
Fund Balances, Beginning of Year, as restated
Fund Balances, End of Year
Other Total
Governmental Governmental
Funds Funds
$ 4,457,127 $ 97,456,897
13,400,837 14,821,764
11,437,880 23,204,293
1,309,411 1,409,792
7,515,445 15,100,624
1,896,613 3,364,482
29,475 250,193
300 159,687
1,851,494 1,990,861
41,898,582 157,758,593
3,463,474 25,023,356
261,472 42,035,825
4,950,860 6,025,187
1,353,794 9,457,378
10,321,726 17,251,047
3,800,171 3,800,171
4,442 6,483,331
7,820,907 29,619,836
5,092,813 5,634,942
338,250 430,090
37,407,909 145,761,163
4,490,673 11,997,430
23,929,737 73,967,837
(34,095,969) (69,377,698)
16,885 468,723
45,391 396,446
132,624 9,865,647
(9,971,332) 15,320,955
(5,480,659) 27,318,385
119,228,915 275,177,194
- 45,626
119,228,915 275,222,820
$ 302,541,205 113,748,256 $
See Notes to Financial Statement.
33 347

CITY OF WEST SACRAMENTO
Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds
to the Statement of Activities
Year Ended June 30, 2023
Net change in fund balances - total governmental funds $ 27,318,385 Amounts reported for governmental activities in the Statement of Activities are different because:

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

Capital outlay $ 28,040,968
Depreciation/amortization (16,427,348) 11,613,620
Bond and other debt proceeds provide current financial resources to governmental funds, but issuing debt increases long-term liabilities in the Statement of Net Position.

Repayment of bond and other debt principal is an expendniture in the governmental funds, but repayment reduces long-term liabilities in the Statement of Net Position.

Also, governmental funds report the effect of premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities.

Principal repayments 5,634,985
Amortization of bond premiums/discounts
Lease issuances (468,723)
Subscription issuances (396,446) 4,769,816
The net effect of various miscellaneous transactions involving capital assets (i.e. sales, trade-ins, and donations) is to decrease net position. (389,530) 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.

Accrued interest on long-term debt 52,783
Compensated absences (148,815)
Changes in pension liabilities and related deferred outflows and inflows of resources 2,306,777 Changes in OPEB liabilities and related deferred outflows and inflows of resources 1,544,438 3,755,183 Revenues reported as unavailable revenue in the governmental funds and recognized in the Statement of Activities. These are included in the intergovernmental revenues in the governmental fund activity. (1,442,312)
Change in net position of governmental activities 45,625,162 $ See Notes to Financial Statement.
34 348
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CITY OF WEST SACRAMENTO
Statement of Net Position
Proprietary Funds
June 30, 2023
Totals
Assets:

Current:

Cash and investments $ 12,646,771 $ 27,581,225 $ 6,316,548 $ 6,983,948 $ 53,528,492 Receivables:

Accounts 2,659,924 3,475,424 2,449,777 480,965 9,066,090 Notes and loans 275,257 6,359 - - 281,616
Accrued interest 33,988 70,638 18,578 247,332 370,536
Leases receivable - - - 922,936 922,936
Grants - 6,311 - - 6,311
Prepaid costs 1,219 2,627 - 239 4,085
Due from other governments 8,108 14,283 8,377 - 30,768
Restricted:

Cash with fiscal agent 472 3,861 - - 4,333
Total Current Assets 15,625,739 31,160,728 8,793,280 8,635,420 64,215,167 Noncurrent:

Leases receivable - - - 30,517,556 30,517,556
Advances to other funds - - - 2,183,036 2,183,036
Capital assets - net of accumulated depreciation/amortization 36,640,323 80,982,223 228,488 29,570,725 147,421,759 Total Noncurrent Assets 36,640,323 80,982,223 228,488 62,271,317 180,122,351 Total Assets 52,266,062 112,142,951 9,021,768 70,906,737 244,337,518 Deferred Outflows of Resources:

Deferred charge on refunding - 5,337,676 - - 5,337,676
Pensions 237,905 482,197 - 97,397 817,499
OPEB 134,697 195,286 22,050 24,404 376,437
Total Deferred Outflows of Resources 372,602 6,015,159 22,050 121,801 6,531,612 Liabilities, Deferred Inflows of Resources, and Net Position:

Liabilities:

Current:

Accounts payable 99,092 1,912,253 2,685,310 47,214 4,743,869 Accrued liabilities 217,284 183,434 - 17,404 418,122
Accrued interest 73,304 366,782 - 18,078 458,164
Unearned revenues - - - 51,615 51,615
Deposits payable 414,650 691,423 328,797 150,000 1,584,870 Due to other governments 1,679,290 13,079 - 7,802 1,700,171 Accrued compensated absences 17,953 34,605 - 12,863 65,421 Bonds, notes, loans, leases, SBITA 379,553 3,948,564 - 191,030 4,519,147 Total Current Liabilities 2,881,126 7,150,140 3,014,107 496,006 13,541,379 Noncurrent:

Advances from other funds - - - 2,100,000 2,100,000
Accrued compensated absences 94,253 181,676 - 67,532 343,461 Bonds, notes, loans, leases, SBITA 8,248,005 52,460,097 - 1,059,301 61,767,403 Net pension liability 732,643 1,484,954 - 299,941 2,517,538 Net OPEB liability 55,719 80,779 9,122 10,094 155,714
Total Noncurrent Liabilities 9,130,620 54,207,506 9,122 3,536,868 66,884,116 Total Liabilities 12,011,746 61,357,646 3,023,229 4,032,874 80,425,495 Deferred Inflows of Resources:

Service concession arrangement - - - 122,224 122,224
Pensions 229 463 - 93 785
OPEB 195,587 283,564 32,018 35,436 546,605
Leases - - - 29,884,200 29,884,200
Total Deferred Inflows of Resources 195,816 284,027 32,018 30,041,953 30,553,814 Net Position:

Net investment in capital assets 28,012,765 29,911,238 228,488 28,320,394 86,472,885 Restricted for capital projects - 7,760 - - 7,760
Unrestricted 12,418,337 26,597,439 5,760,083 8,633,317 53,409,176 Total Net Position 40,431,102 56,516,437 5,988,571 36,953,711 139,889,821 Total Liabilities, Deferred Inflows
of Resources, and Net Position $ 52,638,664 $ 118,158,110 $ 9,043,818 $ 71,028,538 $ 250,869,130 Business-Type Activities - Enterprise Funds
Sewer Fund Water Fund Refuse Fund
Port
Operations
See Notes to Financial Statement. 36
350

CITY OF WEST SACRAMENTO
Statement of Revenues, Expenses
and Changes in Fund Net Position
Proprietary Funds
Year Ended June 30, 2023
Totals
Operating Revenues:

Sales and service charges 14,427,679 $ 16,643,695 $ 11,560,708 $ 1,631,833 $ 44,263,915 $ Connection fees 2,045,439 1,698,430 - - 3,743,869
Other operating revenues 61,268 90,052 38 378,385 529,743 Total Operating Revenues 16,534,386 18,432,177 11,560,746 2,010,218 48,537,527 Operating Expenses:

Salaries and benefits 922,939 2,890,424 6,243 518,671 4,338,277 Operations and maintenance 10,973,104 4,408,894 10,376,485 1,288,032 27,046,515 Depreciation and amortization 1,584,659 3,422,303 50,627 1,005,260 6,062,849 Total Operating Expenses 13,480,702 10,721,621 10,433,355 2,811,963 37,447,641 Operating Income (Loss) 3,053,684 7,710,556 1,127,391 (801,745) 11,089,886 Nonoperating Revenues (Expenses):

Intergovernmental - - - 205,702 205,702
Interest revenue 112,119 420,279 87,667 40,548 660,613
Interest expense (288,952) (1,546,732) - (93,676) (1,929,360) Amortization of bond premiums (discount) 5,270 314,610 - - 319,880 Lease revenue - - - 3,336,924 3,336,924
Amortization of deferred outflows from refunding of debt - (413,261) - - (413,261) Total Nonoperating
Revenues (Expenses) (171,563) (1,225,104) 87,667 3,489,498 2,180,498 Income (Loss) Before Transfers 2,882,121 6,485,452 1,215,058 2,687,753 13,270,384 Transfers in 21,310 86,234 - 15,421 122,965
Transfers out (1,052,139) (2,126,721) (1,389,481) (144,763) (4,713,104) Changes in Net Position 1,851,292 4,444,965 (174,423) 2,558,411 8,680,245 Net Position:

Beginning of Year, as
previously reported 38,579,810 52,086,418 6,162,994 34,395,300 131,224,522 Restatements -(14,946) - - (14,946)
Beginning of Year, as restated 38,579,810 52,071,472 6,162,994 34,395,300 131,209,576 End of Year $ 40,431,102 $ 56,516,437 $ 5,988,571 $ 36,953,711 $ 139,889,821 Business-Type Activities - Enterprise Funds
Sewer Fund Water Fund Refuse Fund
Port
Operations
See Notes to Financial Statement. 37
351

CITY OF WEST SACRAMENTO
Statement of Cash Flows
Proprietary Funds
Year Ended June 30, 2023
Totals
Cash Flows from Operating Activities:

Cash received from customers and users $ 16,187,520 $ 18,736,521 $ 11,273,094 $ 2,058,851 $ 48,255,986 Cash paid to suppliers for goods and services (10,984,136) (3,555,245) (10,142,876) (30,643) (24,712,900) Cash paid to employees for services (952,915) (2,980,514) (4,786) (1,822,111) (5,760,326) Cash received from (payments to) others - - - (1,341,860) (1,341,860) Net Cash Provided (Used) by Operating Activities 4,250,469 12,200,762 1,125,432 (1,135,763) 16,440,900 Cash Flows from Non-Capital
Financing Activities:

Cash transfers out (1,052,139) (2,126,721) (1,389,481) (144,763) (4,713,104) Cash transfers in 21,310 86,234 - 15,421 122,965
Interest paid on bonds (2,391) - - (2,669) (5,060)
Principal paid on bonds - 318,081 - (593,559) (275,478) Repayment received from other funds - - -49,756 49,756
Grant payments - (6,311) - 135,806 129,495
Net Cash Provided (Used) by
Non-Capital Financing Activities (1,033,220) (1,728,717) (1,389,481) (540,008) (4,691,426) Cash Flows from Capital
and Related Financing Activities:

Repayment of notes receivable 31,660 3,489 - - 35,149
Acquisition and construction of capital assets (593) (7,717,031) - (40,497) (7,758,121) Principal paid on capital debt (360,638) (3,522,282) - - (3,882,920) Interest paid on capital debt (291,054) (2,318,307) - (93,676) (2,703,037) Proceeds from other debt - 374,497 - 65,539 440,036
Net Cash Provided (Used) by
Capital and Related Financing Activities (620,625) (13,179,634) - (68,634) (13,868,893) Cash Flows from Investing Activities:

Interest received (paid) 78,131 350,018 69,089 3,230,034 3,727,272 Net Cash Provided (Used) by
Investing Activities 78,131 350,018 69,089 3,230,034 3,727,272 Net Increase (Decrease) in Cash
and Cash Equivalents 2,674,755 (2,357,571) (194,960) 1,485,629 1,607,853 Cash and Cash Equivalents at Beginning of Year 9,972,488 29,942,657 6,511,508 5,498,319 51,924,972 Cash and Cash Equivalents at End of Year 12,647,243 $ $ 27,585,086 $ 6,316,548 $ 6,983,948 $ 53,532,825 Reconciliation of Operating Income to Net Cash
Provided (Used) by Operating Activities:

Operating income (loss) 3,053,684 $ 7,710,556 $ 1,127,391 $ (801,745) $ 11,089,886 $ Adjustments to reconcile operating income (loss)
net cash provided (used) by operating activities:

Depreciation/amortization 1,584,659 3,422,303 50,627 1,005,260 6,062,849 Restatement of net position -(14,946) - - (14,946)
(Increase) decrease in accounts receivable (351,534) 319,290 (287,652) 48,633 (271,263) (Increase) decrease in due from other governments 4,510 (1,082) 18,512 - 21,940 (Increase) decrease in prepaid expense 91,181 (134) - 186 91,233 (Increase) decrease in lease receivable - - - (16,948,670) (16,948,670) (Increase) decrease in deferred pension related outflows (153,761) (294,969) - (61,618) (510,348) (Increase) decrease in deferred OPEB related outflows (29,921) (48,310) (11,955) (5,536) (95,722) Increase (decrease) in accounts payable (99,619) 830,480 211,344 (30,829) 911,376 Increase (decrease) in accrued liabilities 27,641 48,591 - 5,087 81,319 Increase (decrease) in due to other governments (7,104) (11,489) - (8,342) (26,935) Increase (decrease) in deposits payable 4,668 24,385 3,753 - 32,806 Increase (decrease) in compensated absences (8,073) 20,881 - 279 13,087 Increase (decrease) in net pension liability 348,118 629,345 - 136,434 1,113,897 Increase (decrease) in deferred pension related inflows (177,241) (394,427) - (75,371) (647,039) Increase (decrease) in deferred lease inflows - - - 15,606,810 15,606,810 Increase (decrease) in net OPEB liability 81,406 116,815 11,596 14,721 224,538 Increase (decrease) in deferred OPEB related inflows (118,145) (156,527) 1,816 (21,062) (293,918) Total Adjustments 1,196,785 4,490,206 (1,959) (334,018) 5,351,014 Net Cash Provided (Used) by
Operating Activities $ 4,250,469 $ 12,200,762 $ 1,125,432 $ (1,135,763) $ 16,440,900 Business-Type Activities - Enterprise Funds
Sewer Fund Water Fund Refuse Fund
Port
Operations
See Notes to Financial Statement. 38
352
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Custodial Funds DUH XVHG WR DFFRXQW IRU DVVHWV KHOG E\ WKH &LW\ DV DQ DJHQW IRU LQGLYLGXDOV  SULYDWH RUJDQL]DWLRQV DQG RWKHU JRYHUQPHQWV 7KH ILQDQFLDO DFWLYLWLHV RI WKHVH IXQGV DUH H[FOXGHG IURP WKH HQWLW\ ZLGHILQDQFLDOVWDWHPHQWVEXWDUHSUHVHQWHGLQVHSDUDWHILGXFLDU\IXQGILQDQFLDOVWDWHPHQWV 39 353
Private
Purpose Custodial
Trust Funds Funds
ASSETS
Cash and cash equivalents $ 9,965,761 $ 50,632,320
Receivables:

Accounts - 55,105
Accrued interest 26,889 101,670
Grants - 3,246,415
Leases - 37,377
Prepaid costs - 7,161
Due from other governments - 839,150
Restricted assets:

Cash and investments - 850,577
Cash and investments in fiscal agent 1,771 17,818,927
Capital assets not being depreciated 592,925 -
Total assets 10,587,346 73,588,702

DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding 1,174,957 -
Total deferred outflows of resources 1,174,957 -

LIABILITIES
Accounts payable 144,206 467,660
Accrued interest 829,480 -
Unavailable revenues - 50,874
Unearned revenues - 14,573,639
Deposits payable 11,358 -
Due to external parties/other agencies 9,707 36,905,388 Long-term liabilities:

Due in one year 5,408,751 -
Due in more than one year 56,982,958 -
Total liabilities 63,386,460 51,997,561

DEFERRED INFLOWS OF RESOURCES
Lease related - 34,611
Total deferred inflows of resources - 34,611

NET POSITION
Restricted for:

Individuals and organizations (51,624,157) 21,556,530
Total net position $ (51,624,157) $ 21,556,530

CITY OF WEST SACRAMENTO
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2023
See Notes to Financial Statements.
40 354
Private
Purpose Custodial
Trust Funds Funds

ADDITIONS
Contributions:

Employer $ - $ 7,937,735
Total contributions - 7,937,735
Investment earnings:

Interest 51,557 624,852
Total investment earnings 51,557 624,852
Taxes 9,262,767 17,351,170
Intergovernmental - 21,787,873
Miscellaneous - 9,375
Total additions 9,314,324 47,711,005

DEDUCTIONS
Benefits 11,041 -
Contractual services 1,031,086 -
Capital outlay - 2,518,014
Interest expense 2,409,320 7,845,015
Principal expense - 9,715,921
Contributions to other governments 648,396 17,205,096
Total deductions 4,099,843 37,284,046
Net increase (decrease) in fiduciary net position 5,214,481 10,426,959 Net position-beginning, as restated (56,838,638) 11,129,571 Net position-ending $ (51,624,157) $ 21,556,530

CITY OF WEST SACRAMENTO
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Year Ended June 30, 2023
See Notes to Financial Statements.
41 355

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42 356

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of West Sacramento, California (the City) was incorporated in 1987 under the laws and regulations of the State of California. The City operates under a City Manager - Council form of government and provides the following services: general administration, highways and streets, public improvements, public safety (Police and Fire), planning and zoning, culture and recreation, housing rehabilitation, sewer, water, port operations, and solid waste. The voters of the City give authority and responsibility for operations to the City Council. The City Council has the authority to employ administrative and support personnel to carry out its directives. The primary method used to monitor the performance of the City’s management is the financial budget, which is adopted annually by the City Council.

The financial statements of the City have been prepared in accordance with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the standard-setting body for governmental accounting and financial reporting. The City applies all GASB pronouncements. The more significant of these accounting policies are described below:

A. Description of Government-wide Financial Statements
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the nonfiduciary activities of the primary government and its component units. All fiduciary activities are reported only in the fund financial statements. Governmental activities, which normally are supported by taxes, intergovernmental revenues, and other nonexchange transactions, are reported separately from business-type activities, which rely to a significant extent on fees and charges to external customers for support.

Likewise, the primary government is reported separately from certain legally separate component units for which the primary government is financially accountable.

B. Reporting Entity
The City operates as a self-governing local government unit within the State of California. It has limited authority to levy taxes and has the authority to determine user fees for the services that it provides. Voters elect a five-member City Council, elected at large to four-year overlapping terms, that passes laws and determines broad policies. The Council also oversees the operations of the City and approves all budgets, fund transfers and fund balance reserves. The City’s main funding sources include property taxes, sales taxes, other intergovernmental revenue from state and federal sources, user fees, developer fees and federal and state financial assistance.

The financial reporting entity consists of (a) the primary government, the City, (b) organizations for which the primary government is financially accountable and (c) other organizations for which the primary government is not accountable, but for which the nature and significance of their relationship with the primary government are such that would cause the reporting entity’s financial statements to be misleading or incomplete. Financial accountability is defined as the appointment of a voting majority of the component unit’s board, and either (a) the City has the ability to impose its will on the organization or (b) there is a potential for the organization to provide a financial benefit to or impose a financial burden on the City.

As required by generally accepted accounting principles, these financial statements present the government and its component units, entities for which the government is considered to be financially accountable. Blended component units, although legally separate entities, are, in substance, part of the government’s operations and so data from these units are combined with data of the primary government.

1. Blended Component Unit
The West Sacramento Landscaping and Lighting District #1 (WSLLC) provides street lighting, landscape and park maintenance, construction and operation services for property within the City. The WSLLC governing board is comprised of the City Council members. Fees are set each year by the City Council and are collected by Yolo County on the regular property tax bill. WSLLC is reported as a blended component unit because the City may impose its will on the WSLLC and it has the potential to provide financial benefits or burdens to the City. The WSLLC is reported as a special revenue fund. WSLLC does not issue stand - alone financial statements. 43 357

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The West Sacramento Financing Authority (the Authority) was formed on August 1, 1991, by a joint exercise of powers agreement between the City and the former Redevelopment Agency, which was dissolved on January 31, 2012.

The City Council acts as the governing board in a concurrent session, as necessary. The City’s Director of Finance acts as the Authority’s Treasurer, Auditor and Controller. The Authority’s purpose is to assist only the City in financing certain improvement projects within the City. The Authority is financially dependent upon the City.

Its activity is reported as a special revenue fund. No separate financial statements are issued.

The Enhanced Infrastructure Financing District #1 (EIFD) was formed on February 1, 2017 to assist with the financing of public infrastructure within the 4,127 acre district. The district allows the City to commit tax increment financing, or the growth in assessed valuation over a 2016-17 base year, to EIFD. The EIFD has a 45-year term from the date that debt obligations are first authorized by the public financing authority. The EIFD is a legally constituted governmental entity separate and distinct from the City, and its sole purpose is the financing of public facilities or projects. The EIFD membership consists of five members, four members are public members of the City Council, and one member is a public member appointed by the City Council. EIFD is reported as a blended component unit because the City may impose its will on the EIFD and it has the potential to provide financial benefits or burdens to the City. Its activity is reported as a special revenue fund. No separate financial statements are issued.

The Sacramento-Yolo Port District (the Port) was formed under the California Harbors and Navigation Code Section 6800 et seq. in 1947 to operate the Port of Sacramento, a deep-water port opened to commerce in 1963. The Port is 79 nautical miles inland of the Golden Gate and possesses a comprehensive infrastructure with flexible bulk and general cargo handling facilities. On December 5, 2005, the Port Commission approved governing changes to the composition of the Port Commission, which resulted in the City having the authority to appoint four of seven of the Port Commission members rather than one of seven members prior to the change. These governing changes were approved by the City Councils of the City of West Sacramento and the City of Sacramento and the Boards of Supervisors of Sacramento and Yolo Counties through the execution of a Joint Port Governance Agreement (the Agreement) with an effective date of January 15, 2006.

The Agreement included a provision that the Port Commission pursue legislation with the California State Legislature to modify the Harbors and Navigation Code under which the Port was organized to allow the number of Port Commission members to be reduced from seven to five, of which the City would appoint four. The four representatives from the City are also members of the City Council. This provision was approved by the California State Legislature in September 2006. The Agreement also requires approval of leases and sales of land held by the Port and the sharing of proceeds from such sales with the former members using formulas specified in the Agreement.

Due to the change in governance described above, the City Council elects a voting majority of the Port Commission, appoints the Port’s management, and approves the Port’s budget as part of the City’s budget process. The City’s management is also responsible for the administration, accounting and finance functions of the Port and there is a potential for the Port to provide financial benefits or burdens to the City under its operating agreement. Because the Port has substantively the same governing body as the City, the City is responsible for administration of the Port, the City can impose its will on the Port and there is a potential for a benefit and burden relationship, the Port is reported as a blended component unit of the City. The Port’s activities are reported as the Port Enterprise Fund in the City’s financial statements. Separate financial statements are not issued for the Port.

The Sacramento-Yolo Port District Financing Corporation (the Corporation) was formed in 1997 by the Port Commission to lease two warehouses built with the proceeds of Port’s Remarketable Customized Port Improvement Lease Revenue Bonds, Series 1990. The lease payments are pledged to repay the Sacramento-Yolo Port District Variable Rate Demand Port Improvement Lease Revenue Refunding Bonds (California Free Trade Zone Project), 1997 Series A, used to refund the Series 1990 Bonds. The aforementioned agency bonds payable were paid off in 2010. The Port Commission acts as the Corporation’s governing board in 44 358

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) concurrent session, as necessary. The Corporation does not have any assets or liabilities and is financially dependent upon the Port. No separate financial statements are issued by the Corporation. The Corporation was financially defunct as of June 30, 2010.

Reclamation District 900 (RD900) became a subsidiary district to the City of West Sacramento on November 14, 2019. Working through the Yolo Local Agency Formation Commission (LAFCo) the City proposed reorganization effectively aligned the boundaries of RD900 to the West Sacramento Basin Levee System which exists within the City’s sphere of influence. This more closely aligned the flood protection areas that RD900 is responsible for and the boundaries of the City. The City of West Sacramento City Council serves as the District’s Board of Directors while all other reclamation district functions are the same. The Reclamation District 900 was created in 1911 with the mission to operate and maintain both the levees and the internal drainage system that reduce flood risk for properties within its boundaries in the City of West Sacramento.

2. Joint Ventures
The City is a member of a number of joint powers authorities in which the City has only a residual equity interest in the related entity. The City is not liable for the liabilities of the entities if they dissolve. The City is a member of the following joint ventures: Regional Water Authority (advances water issues), River City Regional Stadium Financing Authority (used for Raley’s Field debt), Riverfront Joint Powers Authority (used for Streetcar project), Sacramento Area Council of Governments (transportation planning agency), Sacramento Regional County Sanitation District (sewer treatment), West Sacramento Area Flood Control Agency Joint Powers Authority (levee improvements), Yolo County Transportation District (bus services), Yolo Habitat Conservancy (habitat conservation) and Yolo Subbasin Groundwater Authority (groundwater management). The financial statements of the joint powers authorities are available on the websites of the related entities, if applicable.

C. Basis of Presentation – Government-wide Financial Statements The government-wide financial statements (i.e., the statement of net position and statement of activities) report information on all of the nonfiduciary activities of the primary government and its component units. The City does not eliminate interfund services provided and used from the financial statements. Internal transactions within governmental and business-type activities are eliminated in the government-wide statements. 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 and charges to external parties. The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment.

Certain indirect costs are included in the program expenses of most business-type activities. Program revenues include:
 Charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment, and
 Grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment.

Taxes and other items not properly included among program revenues are reported instead as general revenues.

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary funds and fiduciary funds. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows.

Property taxes are recognized as revenues in the year for which they are levied. Sales taxes are recognized when the underlying sales transaction takes place. Grants and similar items are recognized as revenue as soon as all eligibility requirements are met.
45 359

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. Basis of Presentation – Fund Financial Statements
The fund financial statements provide information about the City’s funds, including its fiduciary funds and blended component units. Separate statements for each fund category—governmental, proprietary, and fiduciary—are presented. The emphasis of fund financial statements is on major governmental and enterprise funds, each displayed in a separate column. All remaining governmental and enterprise funds are aggregated and reported as nonmajor funds. Major individual governmental and enterprise funds are reported as separate columns in the fund financial statements.

The City reports the following major governmental funds:

General Fund - The General Fund is the primary operating fund of the City. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

HCD Block Grant Special Revenue Fund - the HCD Block Grant Special Revenue Fund is used to account for revenues and the associated expenditures of appropriated HCD Block Grant funds, which are specifically restricted to benefit low-income persons by eliminating substandard housing throughout the community.

Low Mod Income Housing Asset Special Revenue Fund - The Low Mod Income Housing Asset Special Revenue Fund is used to account for the activities of the housing assets of the former Redevelopment Agency of the City of West Sacramento, including loans receivable and payments thereon, state and federal grants and reimbursements from other agencies received for low income housing activities as allowed by AB 1484. When loans accounted for in the Low and Mod Income Housing Fund are repaid, if the resources are not used for housing activities within three years, 20% of the resulting residual funds are required to be provided to the Successor Agency to the Redevelopment Agency Private - Purpose Trust Fund in accordance with AB 1484.

City Capital Projects Fund – The City Capital Projects Fund accounts for the City’s current construction projects, including streets, park and recreation facilities, and other major City projects. The primary sources of funds include general fund, tax measure funds, state gas tax, and federal and state grants.

The City reports the following major enterprise funds:

Sewer Enterprise Fund - The Sewer Enterprise Fund is used to account for all activities associated with the acquisition or construction, operation and maintenance, and treatment of sanitary wastewater.

Water Enterprise Fund - The Water Enterprise Fund is used to account for all activities associated with the acquisition or construction, operation and maintenance, distribution and transmission of potable water to users.

Port Operations Enterprise Fund - The Port Enterprise Fund is used to account for all activities associated with the Sacramento-Yolo Port District, which operates the Port of Sacramento.

Refuse Fund - to account for all activities associated with the collection and disposal of solid waste.

Additionally, the City reports the following fund types:

A. Governmental Funds
Special Revenue Funds - Special revenue funds are used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes.

Capital Projects Funds - Capital project funds are used to account for financial resources used for the acquisition or construction of major capital facilities.

Debt Service Funds - Debt service funds are used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest. 46 360

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) B. Proprietary Funds
Enterprise Funds - Enterprise funds are used to account for operations that are financed and operated in a manner similar to private business enterprises. Costs are financed or recovered primarily through user charges.

Proprietary funds distinguish operating revenues and expenses from non-operating 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. The principle operating revenues of the City’s enterprise funds are charges to customers for sales and services and connection fees. Operating expenses for enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources first, then unrestricted resources as they are needed.

C. Fiduciary Funds
Private-Purpose Trust Funds - Private purpose trust funds are used to account for fiduciary activities not required to be reported in another fiduciary fund type. The City’s private purpose trust funds are used to account for the trusts that include a scholarship fund where the principal and interest will benefit the City and/or individuals and a fund formerly used for donations collected from petroleum companies for fire prevention services. A private purpose trust fund is also used for the Successor Agency of the Redevelopment Agency of the City of West Sacramento, which accounts for the accumulation of tax revenues and other resources to be used for bond payments and other expenses related to the former Redevelopment Agency activities at appropriate amounts and times in the future.

Custodial Funds - Custodial funds account for assets held by the City in a purely custodial capacity. Custodial funds typically involve only the receipt, temporary investment and remittance of fiduciary resources to individuals, private organizations or other governments. The City’s custodial funds account for assets held by the City as an agent for bonded assessment districts, private organizations, pass through funds to the County of Yolo and school districts and a financing authority.

The financial activity of these funds are excluded from the City-wide financial statements but are presented in separate fiduciary fund financial statements.

E. Measurement Focus and Basis of Accounting
The accounting and financial reporting treatment is determined by the applicable measurement focus and basis of accounting. Measurement focus indicates the type of resources being measured such as current financial resources or economic resources. The basis of accounting indicates the timing of recognition in the financial statements of various kinds of transactions or events.

The government-wide, proprietary, and 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 when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

The governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized when they have been earned and they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 12 months of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service principal and interest expenditures on general long-term debt, including lease liabilities, as well as expenditures related to compensated absences, and postemployment benefits are recognized later based on specific accounting rules applicable to each, 47 361

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) generally when payment is due. General capital asset acquisitions, including entering into contracts giving the City the right to use leased assets, are reported as expenditures in governmental funds. Issuance of long-term debt and financing through leases are reported as other financing sources.

Property taxes, sales taxes, franchise taxes, licenses, and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period.

Entitlements are recorded as revenues when all eligibility requirements are met, including any time requirements, and the amount is received during the period or within the availability period for this revenue source (within 12 months of year-end). Expenditure-driven grants are recognized as revenue when the qualifying expenditures have been incurred and all other eligibility requirements have been met, and the amount is received during the period or within the availability period for this revenue source (within 12 months of year-end). All other revenue items are considered to be measurable and available only when cash is received by the City.

F. Budgetary Information

1. Budgetary Basis of Accounting
The City Council establishes budgets biennially for all governmental funds except the Low Mod Income Housing Asset Special Revenue Fund, Public Art Special Revenue Fund and Community Development Performing Bond Support Services Special Revenue Fund. Debt-funded and other capital projects are also budgeted on a multi-year basis by the City Council. While State law does not require RD 900 to adopt a budget, the District’s governing board adopts a yearly budget, which is used as a management tool. Budgetary control is legally maintained at the fund level.

Department heads submit budget requests to the City Manager. A meeting is held between the Department Heads, Finance Director and City Manager for the purpose of reviewing and prioritizing budget requests. The City Manager prepares an estimate of revenues and prepares recommendations for the next year’s budget. The preliminary budget may or may not be amended by the City Council and is adopted by resolution of the City Council on or before June 30 in accordance with the municipal code. The approved budget is placed in the City’s accounting system and is monitored by the Finance Department. The City Council may amend the budget by motion during the fiscal year. The City Manager is authorized to transfer budgeted amounts within an activity, within any fund.

However, any revisions that alter the total expenditures of any fund must be approved by the City Council.

The City Manager has the ability to delay implementation of City Council approved expenditures in the event of negative impact on budgeted revenues.

Expenditures may not legally exceed appropriations at the fund level, which is the legal level of control.

Supplemental appropriations, which increase appropriations, may be made during the fiscal year. All budget amounts presented in the accompanying financial statements and supplementary information have been adjusted for legally authorized revisions of the annual budgets during the year. Amounts represent the original budgeted amounts and all supplemental appropriations. The supplemental appropriations were immaterial.

Budget information is presented for all governmental funds, with the exception of the unbudgeted funds discussed above. The governmental fund budgets are maintained on the modified accrual basis of accounting.

Appropriations, except open project appropriations, encumbrances, and unexpended grant appropriations, lapse at the end of each fiscal year. The budgetary data is prepared on the modified accrual basis consistent with the related “actual” amounts.

2. Excess of Expenditures over Appropriations
The following Funds with a legally adopted budget had expenditures and transfers in excess of the final appropriation for the fiscal year ended June 30, 2023; expenditures and transfers together, shall not exceed appropriations at the Fund level, which is the legal level of control. 48 362

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The Funds below incurred expenditures and transfers over appropriations at the Fund level. Funds without a legally adopted budget are omitted.

G. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position/Fund Balance

1. Cash and Investments
For purposes of the accompanying Statement of Cash Flows, cash and investments are defined as deposits and highly liquid investments with original maturities of 90 days or less and are readily convertible to known amounts of cash and not subject to significant changes in value from interest rate fluctuations. Cash and cash equivalents include demand deposits, short-term, highly liquid investments including Treasury bills, commercial paper, certificates of deposit, money market funds, and cash management pools, including California Local Agency Investment Fund (LAIF) and California Asset Management Program (CAMP). Adjustments to fair value, as well as dividend and interest income received are recorded by the City in its governmental funds in the Use of money and property caption while proprietary funds report these items as interest revenue.

2. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both the government-wide and fund financial statements. The cost of prepaid items is recorded as expenditures/expenses when consumed rather than when purchased.

Fund Name Appropriations
Total Expenditures and
Transfers
Excess Expenditures
and Transfers
Lower Moderate Income Housing $ - $ 6,475 $ (6,475)
Non-major Special Revenue Funds
RD 811 Maintenance Fund - 3,312 (3,312)
Reclamation District 900 1,838,321 2,309,076 (470,755)
Non-major Capital Projects Funds
Traffic Improvements Fund 5,394,337 5,514,510 (120,173) General Facilities Fund 2,640,000 2,640,958 (958)
Park Improvement Fund 7,617,389 7,876,680 (259,291)
Underground Improvements Fund - 15 (15)
Police Facility Impact Fee Fund 21,380 21,380 -
Fire Facility Impact Fee Fund 46 67,175 (67,129)
Childcare Impact Fee Fund 41 191 (150)
City Hall Impact Fees Fund 56 197 (141)
Corp Yard Impact Fees Fund 687 37,547 (36,860)
Flood In-Lieu Fees Fund 3,995 6,604 (2,609)
Triangle/Bridge District Capital Fund 198,000 6,334,675 (6,136,675) Southport Mello-Roos Fund 131 997 (866)
B.D. Development Fees Fund 1,366 1,446 (80)
Non-major Debt Service Funds
2012 Refunding Lease Revenue Bonds 4,207,268 4,215,057 (7,789) 2011 Lease Revenue Refunding Bonds - 6 (6)
49 363

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

3. Receivables and Payables
Inclusionary housing receivables represent amounts due to the City from home owners resulting from qualified individuals being provided a home by a developer at a subsidized price below market value. This program allows qualified homeowners to obtain financing to help the City satisfy low income housing requirements. If the home owner obtaining this subsidy subsequently sells the home to a nonqualified person, the amount of the subsidy must be repaid to the City from the home sale proceeds. The City records potential amounts due under this program as loans receivable. The City considers amounts to be uncollectible due to the borrower having an incentive to find a qualifying buyer and offsets them with a valuation allowance.

Activity between funds that is representative of lending/borrowing arrangements outstanding at the end of the fiscal year is referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the non-current portion of interfund loans). Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as “internal balances.”
An allowance for doubtful accounts has been provided for uncollectible state mandates receivable of $767,559 at June 30, 2023. An allowance for doubtful accounts has also been provided for those enterprise fund utilities accounts that were forwarded to a collection agency and for inactive accounts. All other receivables in the opinion of management are fully collectible.

At June 30, 2023, the utilities allowances were as follows:

4. Restricted Assets
Certain proceeds of the City’s long-term liabilities are classified as restricted assets on the balance sheet because their use is limited by applicable bond covenants. The “reserve” account is used to report resources set aside to make up potential future deficiencies in the bond’s debt service. Certain unspent debt proceeds are also restricted to specific capital projects by the applicable debt covenant.

5. Capital Assets
Capital assets, which include land, buildings, improvements, lease assets, subscription assets, equipment, and infrastructure (e.g. roads, bridges, sidewalks, and similar items), are reported on the government-wide Statement of Net Position. Capital assets used in enterprise and fiduciary funds are also reported on those Fund Financial Statements. Capital assets are recorded at cost, except for right-to-use lease and subscription assets, the measurement of which is discussed in the “Leases” and “Subscription-Based Information Technology Arrangements” notes below. The City has set the capitalization threshold for reporting general capital assets at $5,000 including infrastructure with a useful life of more than one year. Major outlays for capital assets are capitalized as projects are constructed.

The cost of assets sold or retired (and related accumulated depreciation/amortization) are eliminated from the accounts in the year of sale or retirement and the resulting gain or loss is included in the operating statement of the related fund. In governmental funds, the sale of general capital assets is included in the statement of revenues, expenditures and changes in fund balances as proceeds from sale.

Water Sewer Refuse Total
$ 2,709 $ 1,762 $ 794 $ 5,265
Enterprise Funds
50 364

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Depreciation/amortization on recorded capital assets is expensed on the straight-line method over the following estimated useful lives:

6. Deferred Outflows/Inflows of Resources:

In addition to assets, the statement of financial position includes a separate section for outflows of resources.

Deferred outflows of resources represent a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The City has three items that qualify for reporting in this category. It is the deferred charge on refunding reported in the government-wide statement of net position, and deferred amounts related to pension and OPEB. The deferred charge on refunding resulted from the difference between the carrying value of refunded debt and its reacquisition price. This amount is deferred and amortized over the shorter of the life of the refunded or refunding debt. The deferred amounts related to pension and OPEB relate differences between estimated and actual investment earnings, changes in actuarial assumptions, and other pension and OPEB related changes.

In addition to liabilities, the statement of financial position includes a separate section for deferred inflows of resources. Deferred inflows of resources represent an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City has four items that qualify for reporting in this category. Unavailable revenue is reported only in the governmental funds balance sheet. The governmental funds report unavailable revenues from two sources: property taxes and special assessments. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available.

In the government-wide financial statements the City reports deferred amounts related to leases and deferred amounts related to pension and OPEB. The last item is reported in both the governmental funds balance sheet and government-wide financial statements related to leases

7. Net Position
For government-wide reporting as well as in proprietary funds, the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources is called net position. Net position is comprised of three components: net investment in capital assets, restricted, and unrestricted.  Net investment in capital assets consists of capital assets, net of accumulated depreciation/amortization and reduced by outstanding balances of bonds, notes, and other debt that are attributable to the acquisition, construction, or improvement of those assets. Deferred outflows of resources and deferred inflows of resources that are attributable to the acquisition, construction, or improvement of those assets or related debt are included in this component of net position.
 Restricted net position consists of restricted assets reduced by liabilities and deferred inflows of resources related to those assets. Assets are reported as restricted when constraints are placed on asset use either by external parties or by law through constitutional provision or enabling legislation.

Asset Classification Years
Buildings and improvements 20 - 40
Vehicles and equipment 5 - 15
Roads, bridges and levees 25 - 50
Curbs, gutters and sidewalks 20 - 30
Traffic signals 10
Park improvements 20 - 30
Lease assets 5 - 10
Subscription assets 5 - 10
Software 5 - 10
51 365

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)  Unrestricted net position is the net amount of the assets, deferred outflows of resources, liabilities, and deferred inflows of resources that does not meet the definition of the two preceding categories.

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

8. Fund Balance
In governmental fund types, the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources is called “fund balance.” City’s governmental funds report the following categories of fund balance, based on the nature of any limitations requiring the use of resources for specific purposes.

9. Leases
Lessee: The City is a lessee for noncancellable leases of equipment. The City 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.

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 and purchase option price that the City is reasonably certain to exercise. 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 is a lessor for noncancellable leases of property. The City recognizes a lease receivable and a deferred inflow of resources in the government-wide and governmental 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. 52 366

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 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 its estimated incremental borrowing rate as the discount rate for leases.  The lease term includes the noncancellable period of the lease. Lease receipts included in the measurement of the lease receivable is 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.

10. Subscription-Based Information Technology Arrangements The City is a subscriber for a noncancellable subscription of information technology services. The City recognizes a subscription liability and an intangible right-to-use subscription asset (subscription asset) in the government-wide financial statements. The City recognizes subscription liabilities with an initial, individual value of $5,000 or more.

At the commencement of a subscription, the City initially measures the subscription liability at the present value of payments expected to be made during the subscription term. Subsequently, the subscription liability is reduced by the principal portion of subscription payments made. The subscription asset is initially measured as the initial amount of the subscription liability, adjusted for subscription payments made at or before the subscription commencement date, plus certain initial direct costs. Subsequently, the subscription asset is amortized on a straight-line basis over its useful life. Key estimates and judgments related to subscriptions include how the City determines (1) the discount rate it uses to discount the expected subscription payments to present value, (2) lease term, and (3) subscription payments.
 The City uses the interest rate charged by the vendor as the discount rate. When the interest rate charged by the vendor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for subscriptions.
 The subscription term includes the noncancellable period of the subscription. Subscription payments included in the measurement of the subscription liability are composed of fixed payments that the City is reasonably certain to exercise.

The City monitors changes in circumstances that would require a remeasurement of its subscriptions and will remeasure the subscription asset and liability if certain changes occur that are expected to significantly affect the amount of the subscription liability.

Subscription assets are reported with other capital assets and subscription liabilities are reported with long-term debt on the statement of net position.

11. Land Held for Resale
The City purchased a motel at 820 and 824 West Capitol Avenue in West Sacramento to demolish and make the land available for private development in the future in the amount of $3,220,184. The land held for resale is recorded in the General Fund.

12. Pension Plans
For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the plan and additions to/deductions from the plan’s fiduciary net position have been determined on the same basis. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value. 53 367

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) GASB Statement No. 68 requires that the reported results must pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used.

Valuation Date June 30, 2021
Measurement Date June 30, 2022
Measurement Period July 1, 2021 to June 30, 2022
H. Revenues and Expenditures/Expenses

1. Program Revenues
Amounts reported as program revenues include (1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided or fines imposed by a given function or segment, and (2) grants and contributions (including special assessments) that are restricted to meeting the operational or capital requirements of a particular function or segment. All taxes, including those dedicated for specific purposes, and other internally dedicated resources are reported as general revenues rather than as program revenues.

2. Property Taxes
The County of Yolo (the County) is responsible for the collection and allocation of property taxes. Under California law, property taxes are assessed and collected by the County up to 1% of the full cash value of taxable property, plus other increases approved by the voters and distributed in accordance with statutory formulas. The City recognizes property taxes when the individual installments are due provided they are collected within 60 days after year-end. Secured property taxes are levied on or before September 30 of each year. They become a lien on real property on March 1 preceding the fiscal year for which taxes are levied. These taxes are paid in two equal installments; the first is due November 1 and delinquent with penalties after December 10; the second is due February 1 and delinquent with penalties after April 10. Secured property taxes, which are delinquent and unpaid as of June 30, are declared to be tax defaulted and are subject to redemption penalties, costs and interest when paid.

The term “unsecured” refers to taxes on personal property other than land and buildings. These taxes are secured by liens on the property being taxed. Property tax revenues are recognized in the fiscal year for which they are levied, provided they are due and collected within sixty days after fiscal year-end. The County apportions secured property tax revenue in accordance with the alternate methods of distribution, the “Teeter Plan,” as prescribed by Section 4717 of the California Revenue and Taxation code. Therefore, the City receives 100% of the secured property tax levies to which it is entitled, whether or not collected. Unsecured delinquent taxes are considered fully collectible.

3. Compensated Absences
Employees accrue vacation, sick leave, floating holiday, management and compensatory time off benefits.

City employees have vested interests in the amount of annual leave accrued and are paid on termination. All vacation pay is accrued when incurred in the government-wide and proprietary financial statements. A liability for these amounts is reported in the governmental funds only if they have matured, for example, as a result of employee resignations or retirements and is currently payable. The General Fund is generally used to liquidate compensated absences.

4. Unearned Revenue
Unearned revenues arise when resources are received by the City before it has legal claim to them (i.e., when cost reimbursement grant revenues are received prior to the incurrence of qualifying expenditures) or when exchange revenues are received before the exchange takes place. 54 368

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Unearned revenue in governmental funds represents unearned exchange revenue received before it was earned and unearned revenue in enterprise funds represents lease revenues received prior to the period when they were due and earned by the City.

5. Proprietary Funds Operating and Nonoperating Revenues and Expenses 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. The principal operating revenues of the water fund, transit fund, and internal service funds are charges to customers for sales and services. The water fund also recognizes as operating revenue the portion of tap fees intended to recover the cost of connecting new customers to the system.

Operating expenses for enterprise funds and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses.

I. New GASB Pronouncements Effective during Fiscal Year The following Government Accounting Standards Board (GASB) pronouncements were effective for and/or early implemented for the fiscal year ended June 30, 2023:

1. GASB Statement No. 91, Conduit Debt Obligations
The requirements of this Statement will improve financial reporting by eliminating the existing option for issuers to report conduit debt obligations as their own liabilities, thereby ending significant diversity in practice. The clarified definition will resolve stakeholders’ uncertainty as to whether a given financing is, in fact, a conduit debt obligation.

Requiring issuers to recognize liabilities associated with additional commitments extended by issuers and to recognize assets and deferred inflows of resources related to certain arrangements associated with conduit debt obligations also will eliminate diversity, thereby improving comparability in reporting by issuers. Revised disclosure requirements will provide financial statement users with better information regarding the commitments issuers extend and the likelihood that they will fulfill those commitments. That information will inform users of the potential impact of such commitments on the financial resources of issuers and help users assess issuers’ roles in conduit debt obligations.

2. GASB Statement No. 96, Subscription-Based Information Technology Arrangements The requirements of this Statement will improve financial reporting by establishing a definition for SBITAs and providing uniform guidance for accounting and financial reporting for transactions that meet that definition. That definition and uniform guidance will result in greater consistency in practice. Establishing the capitalization criteria for implementation costs also will reduce diversity and improve comparability in financial reporting by governments.

This Statement also will enhance the relevance and reliability of a government’s financial statements by requiring a government to report a subscription asset and subscription liability for a SBITA and to disclose essential information about the arrangement. The disclosures will allow users to understand the scale and important aspects of a government’s SBITA activities and evaluate a government’s obligations and assets resulting from SBITAs.

3. GASB Statement No. 100, Accounting Changes and Error Corrections The requirements of this Statement will improve the clarity of the accounting and financial reporting requirements for accounting changes and error corrections, which will result in greater consistency in application in practice. In turn, more understandable, reliable, relevant, consistent, and comparable information will be provided to financial statement users for making decisions or assessing accountability. In addition, the display and note disclosure requirements will result in more consistent, decision useful, understandable, and comprehensive information for users about accounting changes and error corrections.
55 369

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 2: STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
A. Violations of Legal or Contractual Provisions
Note 1.F.2, on the Excess of expenditures over appropriations, describes a budgetary violation that occurred for the year ended June 30, 2023. It also explains the provision provided by law that was used to remedy the violation.

B. Deficit Fund Equity
The following funds reported deficit at June 30, 2023:

NOTE 3: CASH AND INVESTMENTS
The City follows the practice of pooling cash and investments of all funds. Cash and investments as of June 30, 2023 are classified in the accompanying financial statements as follows:

A. Investments Authorized by the California Government Code and the City’s Investment Policy Investments are reported at fair value. California statutes authorize cities to invest idle or surplus funds in a variety of credit instruments as provided for in the California Government Code, Section 53600, Chapter 4 - Financial Affairs.

The table below identifies the investment types that are authorized for the City by the California Government Code and the City’s investment policy. The table also identifies certain provisions of the California Government Code (or the City’s investment policy, if 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 trustee 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.

Fund Name Fund Type Deficit Cause
Special Revenue Public Works Support Services Fund $ (5,645) a Capital Projects Fire Facility Impact Fees Fund (2,580,550) a Capital Projects Corporate Yard Impact Fee Fund (3,500,881) a (a) The deficits in the non-major special revenue and capital project funds are the result of timing of contributions and/or developer fees, and will be eliminated with future contributions from other sources or funds and future developer fees.

Statement of Net Position
Cash and investments $ 270,440,731
Restricted:

Cash with fiscal agent 14,303,821
Statement of Fiduciary Net Position
Cash and cash equivalents 61,448,658
Investments 17,820,698
Total cash and investments $ 364,013,908
Cash on hand $ 18,830
Deposits with financial institutions 104,217,968
Investments 259,777,110
Total cash and investments $ 364,013,908
56 370

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 3: CASH AND INVESTMENTS (CONTINUED)
During the year ended June 30, 2023, the City’s permissible investments included the following instruments:

Authorized investments above exclude amounts held by bond trustee that are not subject to California Government Code restrictions. The City complied with the provisions of California Government Code pertaining to the types of investments held, institutions in which deposits were made and security requirements. The City will continue to monitor compliance with applicable statutes pertaining to public deposits and investments.

B. Investments Authorized by Debt Agreements
Investments of debt proceeds held by bond trustee are governed by provisions of the debt agreements, rather than 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 trustee. The table also identifies certain provisions of these debt agreements that address interest rate risk, credit risk, and concentration of credit risk.

Authorized by Maximum Maximum
Investment Maximum Percentage Investment
Authorized Investment Type Policy Maturity* of Portfolio* in One Issuer* U.S. Treasury obligations Yes 5 years None None
U.S. agency securities Yes 5 years None None
Bankers acceptances Yes 180 days 40% 5%
Commercial paper Yes 270 days 25% 5%
Certificates of deposit (nonnegotiable) Yes 5 years 20% None Certificates of deposit (negotiable) Yes 5 years 30% 5% Repurchase agreements Yes 1 year None None
Municipal bonds Yes 5 years 30% 5%
Corporate bonds Yes 5 years 30% 5%
Money market mutual funds Yes N/A 20% 10%
Supranational Yes 5 years 30% 10%
JPA Pools, including CAMP Yes N/A None None
Local Agency Investment Fund Yes N/A None None
* Based on state law requirements or City investment policy requirements, whichever is more restrictive.

Minimum
Maximum Credit
Authorized Investment Type Maturity Quality
U.S. Treasury obligations 5 years N/A
U.S. agency securities 5 years N/A
Bankers acceptances 180 days A1
Commercial paper 180 to 270 days A1+
Collaterized certificates of deposit 5 years N/A
Certificates of deposit (negotiable) 5 years A1
Repurchase agreements 30 to 365 days N/A
California local agency debt 5 years A
Local agency bonds 5 years AAA
Medium term notes 1 year A
Mortgage pass-through securities 5 years AA
Money market mutual funds 1 year AAA
Supranational 5 years AA
Local Agency Investment Fund N/A N/A
57 371

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 3: CASH AND INVESTMENTS (CONTINUED)
The debt agreements also authorize debt proceeds to be invested in guaranteed investment contracts that are guaranteed by a financial institution which has an unsecured rating or the agreement itself is rated in one of the two highest rating categories by two or more rating agencies and is secured at all times by securities consisting of United States Obligations with a market value of 105% of the principal amount of the obligation. The debt agreements do not specify a maximum percentage of the portfolio or maximum amount in one issuer for guaranteed investment contracts.

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. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer-term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.

Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustee) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity:
12 Months 13 to 36 37 to 60 37 to 60
Investment Type Total or Less Months Months Months
U.S. Treasury obligations $ 41,557,505 $ 1,932,403 $ 17,555,936 $ 22,069,166 $ - U.S. agency securities 46,171,838 6,976,704 30,722,560 8,472,574 - Bankers acceptances - - - - -
Commercial paper - - - - -
Certificates of deposit 248,000 248,000 - - -
Repurchase agreements - - - - -
State and municipal bonds 734,257 734,257 - - -
Medium term notes 34,286,382 2,207,768 21,319,826 10,758,788 - Money market mutual funds 291,931 291,931 - - -
Supranational 4,314,679 4,314,679 - - -
JPA Pools, including CAMP 5,337,269 5,337,269 - - -
Local Agency Investment Fund 101,640,210 101,640,210 - - - Held by bond trustee:

U.S. agency securities 1,716,753 1,716,753 - - -
Investment agreements 1,179,577 - - 1 - ,179,577
Money market mutual funds 22,298,709 22,298,709 - - -
Total $ 259,777,110 $ 142,649,747 $ 74,647,258 $ 41,300,528 $ 1,179,577 Remaining Maturity (in Months)
58 372

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 3: CASH AND INVESTMENTS (CONTINUED)
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 fiscal year end for each investment type.

D. 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). 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.

For investments identified herein as held by bond trustee, the bond trustee selects the investment under the terms of the applicable trust agreement, acquires the investment, and holds the investment on behalf of the reporting government.

As of June 30, 2023, none of the City’s deposits with financial institutions in excess of federal depository insurance limits were held in uncollateralized accounts.

E. Concentration of Credit Risk
The City’s investment policy contains no limitations on the amount that may be invested in any issuer beyond that stipulated by the California Government Code. The City has no investments in any one issuer (other than U.S. Treasury Securities, mutual funds and external investment pools) that represent 5% or more of the City’s investments.

Minimum Exempt or
Investment Type Total Legal Rating AAA AA A1 Not Rated
U.S. Treasury obligations $ 41,557,505 N/A $ 41,557,505 - $ $ - $ - U.S. agency securities 46,171,838 N/A 22,065,213 24,106,625 - - Certificates of deposit 1,964,753 A1 - - 1,964,753 -
State and municipal bonds 734,257 A1 734,257 - - -
Medium term notes 34,286,382 A1 8,161,952 - 25,189,396 935,034 Money market mutual funds 291,931 AAA 291,931 - - -
Supranational 4,314,679 AA 4,314,679 - - -
JPA Pools, including CAMP 5,337,269 N/A - - 5,337,269 - Local Agency Investment Fund 101,640,210 N/A - - 101,640,210 - Held by bond trustee:

Investment agreements 1,179,577 N/A - - 1,179,577 -
Money market mutual funds 22,298,709 N/A - - 22,298,709 - Total $ 259,777,110 $ 26,671,823 - $ $ 74,560,339 $ 25,189,396 $ 133,355,552 Moody's Rating as of Fiscal Year End
59 373

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 3: CASH AND INVESTMENTS (CONTINUED)
F. Investment in State Investment Pool
The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by the California Government Code under the oversight of the Treasurer of the State of California. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based on 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. LAIF does not impose limits or restrictions on participant withdrawals, and the entire balance of the City’s investment in the portfolio is available for withdrawal at any time. LAIF is not registered with the Securities and Exchange Commission and is not rated. Deposits and withdrawals in LAIF are made on the basis of $1 and not fair value. Accordingly, the City’s investment in this pool is measured on uncategorized inputs not defined as Level 1, 2, or 3.

G. Investment in JPA Pool
The City is a voluntary participant in the California Asset Management Program (CAMP). CAMP is an investment pool offered by the California Asset Management Trust (the Trust). The Trust is a joint powers authority and public agency created by the Declaration of Trust and established under the provisions of the California Joint Exercise of Powers Act (California Government Code Section 6500 et seq., or the “Act”) for the purpose of exercising the common power of its Participants to invest certain proceeds of debt issues and surplus funds. The Pool’s investments are limited to investments permitted by subdivisions (a) to (n), inclusive, of Section 53601 of the California Government Code. The City reports its investments in CAMP at the fair value amounts provided by CAMP, which is the same as the value of the pool share. At June 30, 2023, these investments have an average maturity of 45 days.

H. Fair Value Hierarchy
The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hierarchy is based on the valuation inputs used to measure the fair value of the asset.

Level 1 inputs are quoted prices in active markets for identical assets. Level 2 inputs utilized by the City to determine fair market value include: matrix pricing, market corroborated pricing, and other inputs such as yield curves and indices. Level 3 inputs are significant unobservable inputs. At June 30, 2023, all of the City’s investments are valued as follows:

Investment Type Total Level 1 Level 2 Level 3 Uncategorized U.S. Treasury obligations $ 41,557,505 $ 41 - $ ,557,505 $ - $ - U.S. agency securities 46,171,838 46 - ,171,838 - -
Certificates of deposit (negotiable) 1,964,753 1 - ,964,753 - - State and municipal bonds 734,257 - 734,257 - -
Medium-term notes 34,286,382 34 - ,286,382 - -
Money market mutual funds 22,590,640 - - 22,590,640 -
Investment agreements 1,179,577 - - 1,179,577 -
Supranational 4,314,679 4 - ,314,679 - -
California Asset Management Program (CAMP) 5,337,269 - - 5,337,269 - Local Agency Investment Fund 101,640,210 - - 101,640,210 - Total $ 259,777,110 $ - $ 129,029,414 $ 130,747,696 - $ Input Category
60 374

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 4: INTERFUND TRANSACTIONS
A. Due to/Due From Other Funds
There is $6,791,995 due to/due from other funds noted for the year ended June 30, 2023 for operational short-term obligations and negative cash shortfalls across multiple funds.

B. Long – Term Interfund Advances
At June 30, 2023, the funds below had made advances which were not expected to be repaid within the next year. Funds receiving advances are paying interest on the advances at the average LAIF rate. None of the advances require scheduled payments. The funds with the advance to other funds report nonspendable fund balance to indicate the amounts are not available for appropriation.

The General Fund advanced the Fire Facility Impact Fee Capital Projects Fund for the purchase of the Experience Inn which will be repaid with future fire impact fees. The remaining balance on this interfund loan is $2,086,101. The General Fund advanced the Affordable Housing Trust Fund $364,653 for an affordable housing loan to Delta Lane Housing Partners II LP which will be repaid from future in-lieu payments into the Affordable Housing Trust Fund. The General Fund also advanced $2,100,000 to the Port Enterprise Fund to provide cash needed to exercise the option to buy the Stone Lock property and to repay the Successor Agency to the Redevelopment Agency Private Purpose Trust Fund to unwind a transaction disallowed by the State Controller’s Office, respectively. These amounts will be repaid at the Sale of the Stone Lock property.

The Port Enterprise Fund advanced the Corporation Yard Impact Fees Fund to purchase the property at 4300 West Capitol Ave. This loan will be repaid annually with future corporation yard impact fees. The remaining loan amount is $2,183,036.

The advances between non-major special revenue funds and other non-major special revenue funds consisted of advances related to capital projects. The General Facilities Fund advanced the Corporation Yard Impact Fee to finance the Phase 1 Relocation which has a remaining loan balance of $1,317,094. The General Facilities Fund advanced the Fire Impact Fees fund for construction and improvements of Fire Station 45 with a remaining loan balance of $495,793. The Traffic Improvement Fund advanced the Park Improvement Fund for the Sycamore Trail Extension Phase II project with a remaining loan balance of $5,363,492. The General Facilities Fund advanced the General Fund to finance the purchase and demolition of a motel and provide the land for private development recorded as land held for resale, which will be repaid when the property is sold. The remaining balance of the loan is $3,106,661.

Advances to Other Funds Advances from Other Funds Amount General Fund Non-Major Governmental Funds 2,450 $ ,754
General Fund Port Enterprise Fund 2,100,000
Non-Major Governmental Funds Non-Major Governmental Funds 6,811 ,726 Non-Major Governmental Funds HCD - Block Grant 364,653
Non-Major Governmental Funds General Fund 3,106,661
Port Enterprise Fund Non-Major Governmental Funds 2,183 ,036 Total interfund advances $ 17,016,830
61 375

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 4: INTERFUND TRANSACTIONS (CONTINUED)
C. Interfund Transfers
Transfers are used to move revenues from the fund that statute or budget requires to collect them to the funds that statute or budget requires to expend them, move receipts restricted to debt service from the Funds collecting the receipts to the debt service fund as debt service payments become due, and subsidize operating losses.

D. Internal Balances
Internal balances are presented in the Government-wide financial statements only. They represent the net interfund receivables and payables remaining after the elimination of all such balances within governmental and business-type activities.

NOTE 5: RECEIVABLES
A. Notes and Loans Receivable
The City has various notes receivable from individuals, partnerships, and corporations for housing and rehabilitation projects, reimbursement agreements and loans. The notes have varying maturity dates through March 29, 2074. A number of the notes are non-interest bearing and the remaining notes have interest rates ranging from 3.00% to

7.50%. Certain notes receivable payments are deferred with interest being capitalized into the respective principal balances. Interest receivable of governmental fund notes not collected within the 60-day availability period is offset with deferred inflows to recognize that the interest receivable does not represent available spendable resources.

Fund Receiving Transfer Fund Making Transfer Amount
General Fund City Capital Projects Fund $ 3,116,000
General Fund Non-Major Governmental Funds 5,402,864
General Fund Sewer Fund 807,320
General Fund Water Fund 1,461,488
General Fund Refuse Fund 745,208
General Fund Port Fund 143,499
City Capital Projects Fund General Fund 17,083,537
City Capital Projects Fund HCD Block Grant 426,674
City Capital Projects Fund Sewer Fund 25,000
City Capital Projects Fund Water Fund 25,000
City Capital Projects Fund Non-Major Governmental Funds 20,436,857 HCD Block Grant General Fund 364,653
Non-Major Governmental Funds City Capital Projects Fund 2,232,492 Non-Major Governmental Funds General Fund 12,020,030
Non-Major Governmental Funds Sewer Fund 219,819
Non-Major Governmental Funds Water Fund 640,233
Non-Major Governmental Funds Refuse Fund 644,273
Non-Major Governmental Funds Port Fund 1,264
Non-Major Governmental Funds Non-Major Governmental Funds 8,171,626 Sewer Fund Non-Major Governmental Funds 21,310
Water Fund General Fund 38,343
Water Fund Non-Major Governmental Funds 47,891
Port Fund Non-Major Governmental Funds 15,421
Total $ 74,090,802
62 376

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 5: RECEIVABLES (CONTINUED)
The interest receivable is recognized for government-wide purposes unless management determines the amount to be uncollectible. An allowance for uncollectible notes receivable of $12,282,192 has been recorded in the respective funds at June 30, 2023 and includes $3,857,153 for inclusionary housing receivables. Governmental fund interest receivable on loans of $9,120,265 is not expected to be collected within the availability period and is offset with deferred inflows of resources. The interest receivable of $9,220,132 is recognized, net of allowance for uncollectible amounts at June 30, 2023.

With the dissolution of the Redevelopment Agency as discussed in Note 16, the City agreed to become the successor to the Redevelopment Agency’s housing activities and as a result the Low Mod Income Housing Asset Special Revenue Fund assumed the loans receivable of the Redevelopment Agency.

Loans receivable in enterprise funds represent amounts due from the homeowner for water and sewer system improvements that were allowed to be paid over time. The Sewer Fund loans are due when the home is sold, and the Water Fund loans are payable over five years. None of the loans bear interest. A summary of business-type activities notes receivable at June 30, 2023 is as follows:

B. Leases Receivable

1. Governmental Activities
The City leases land and buildings to various companies. The terms by lease type are listed in the following table.

Some leases have extension options ranging from five to 20 years. An initial lease receivable was recorded in the amount of $1,078,088. As of June 30, 2023, the value of the lease receivable is $1,008,867. The value of the deferred inflow of resources as of June 30, 2023 was $969,111, and the amortization of the deferred inflow during the year totaled $70,133.

Balance Balance
July 1, 2022 Additions Deletions June 30, 2023
Governmental activities
Genenral Fund $ 501,173 $ 228,811 - $ $ 272,362
HCD Block Grant Fund 19,401,817 9,713,809 1,130,057 27,985,569 Low Mod Income Housing Asset Fund 32 ,408,792 244,767 167,409 32,486,150 Total governmental activities $ 52,311,782 $ 9,958,576 $ 1,526,277 $ 60,744,081 Balance Balance
July 1, 2022 Additions Deletions June 30, 2023
Business-type activities
Sewer Fund $ 306,918 $ - $ 31,661 $ 275,257
Water Fund 9,586 261 3,488 6,359
Total business-type activities $ 316,504 $ 261 $ 35,149 $ 281,616 63 377

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 5: RECEIVABLES (CONTINUED)

2. Business-type Activities
A significant portion of the Port’s real estate assets are leased to tenants under license and lease agreements.

Leased assets include maritime facilities and industrial land. Lease terms range from 2 years to 35 years. Renewal periods have been considered and included in the lease terms when it is reasonably certain that the Port will exercise the renewal option. The Port’s lease arrangements do not contain any material residual value guarantees.

The Port utilized the stated interest rate in the agreements ranging from 2.11 to 4.91% to discount the lease payments.

Future receivable principal and interest payments expected to be received through maturity are as follows:

Lease Lease Lease
Lease Type Term Range Receivable Revenue Interest
Land - Parking Lot 2 - 40 years $ 87,857 $ 1,302 $ 3,635 Buildings 2 - 24 years 921,010 - 37,388
$ 1,008,867 $ 1,302 $ 41,023
Lease Lease Lease
Lease Type Term Range Receivable Revenue Interest
Land - Industrial 2 - 32 years 25,539,323 542,719 717,507 Maritime Facilities 2 - 16 years 5,901,168 132,549 299,203 $ 31,440,491 $ 675,268 $ 1,016,710
Governmental Activities
Business-type Activities
Total - business-type activities
Total - governmental activities
June 30 Principal Interest Principal Interest Principal Interest 2024 $ 1,356 $ 41,230 $ 922,976 $ 1,302,565 $ 924,332 $ 1,343,795 2025 1,402 41,080 951,179 1,272,294 952,581 1,313,374
2026 1,470 41,007 739,973 1,246,844 741,443 1,287,851
2027 2,129 40,875 784,147 1,221,956 786,276 1,262,831
2028 4,001 40,818 816,505 1,197,494 820,506 1,238,312
2029-2033 40,040 199,562 4,550,966 5,447,877 4,591,006 5,647,439 2034-2038 77,139 187,561 496,589 4,843,756 573,728 5,031,317 2039-2043 125,564 166,819 1,855,050 4,458,715 1,980,614 4,625,534 2044-2048 161,670 136,905 5,553,724 3,619,456 5,715,394 3,756,361 2049-2053 212,755 100,064 9,337,147 2,122,920 9,549,902 2,222,984 2054-2059 368,116 50,267 5,432,235 229,848 5,800,351 280,115 2060-2064 13,225 23 - - 13,225 23
Totals $ 1,008,867 $ 1,046,211 $ 31,440,491 $ 26,963,725 $ 32,449,358 $ 28,009,936 Governmental Activities Business-type Activities Total
64 378

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 6: CAPITAL ASSETS
A. Governmental Activities
Governmental activities’ capital assets for the year ended June 30, 2023, was as follows:

Depreciation and amortization expense is charged to functions and programs based on their usage of the related assets. The amounts allocated to each function or program was as follows:

Balance Balance
July 1, 2022 Adjustments* Additions Deletions Transfers June 30, 2023 Governmental activities:

Capital assets, not being depreciated/amortized
Land $ 33,554,742 $ 777,657 $ (389,530) - $ $ 33,942,869 - $ Construction-in-progress 42,736,414 (2,537,360) 19,122,647 - (1,760,379) 57,561,322 Total capital assets, not being depreciated/amortized 76,291,156 (1,759,703) 19,122,647 (389,530) (1,760,379) 91,504,191 Capital assets, being depreciated/amortized
Buildings 54,984,857 6,596,577 - - 61,581,434 -
Improvements 50,290,325 - - 740,041 - 51,030,366
Equipment 18,680,614 1,456,575 - (411,611) 19,725,578 - Lease assets 2,109,375 468,723 - - 2,578,098 -
Subscription assets - 396,446 - - 396,446 -
Infrastructure 498,346,388 - - 1,020,338 - 499,366,726
Total capital assets, being depreciated/amortized 624,411,559 8,918,321 - (411,611) 1,760,379 634,678,648 Less accumulated depreciation/amortization
Buildings (19,815,464) - (1,545,214) - - (21,360,678)
Improvements (21,223,632) - (1,703,132) - - (22,926,764) Equipment (11,394,673) - (1,260,434) 411,611 - (12,243,496) Lease assets (400,046) - (503,537) - - (903,583)
Subscription assets - - (83,500) - - (83,500)
Infrastructure (277,557,976) - (11,331,531) - - (288,889,507) Total accumulated depreciation/amortization (330,391,791) - (16,427,348) 411,611 - (346,407,528) Total capital assets, being depreciated/amortized, net 294,019,768 - (7,509,027) 1,760,379 - 288,271,120 Total governmental activities capital assets $ 370,310,924 $ (1,759,703) $ 11,613,620 $ (389,530) $ - 379,775,311 $ *Land adjustment pertains to partial land sale transaction in 2015 that was inadvertently recorded as a full sale of land. *Construction-in-progress adjustment pertains to incorrectly capitalized costs that relate to the West Sacramento Area Flood Control Agency.

General government $ 2,473,321
Public works 10,540,272
Public safety 2,382,085
Community development 177,501
Culture and recreation 854,169
Total depreciation/amortization expense $ 16,427,348
65 379

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 6: CAPITAL ASSETS (CONTINUED)
B. Business-type Activities
Business-type activities’ capital assets for the year ended June 30, 2023, was as follows:

Depreciation and amortization expense is charged to functions and programs based on their usage of the related assets. The amounts allocated to each function or program was as follows:

Balance Balance
July 1, 2022 Additions Deletions Transfers June 30, 2023 Business-type activities:

Capital assets, not being depreciated/amortized
Land $ 11,334,397 $ - $ - $ - 11 $ ,334,397
Construction-in-progress 14,693,011 7,647,397 - (3,050,107) 19,290,301 Total capital assets, not being depreciated/amortized 26,027 ,408 7,647,397 - (3,050,107) 30,624,698 Capital assets, being depreciated/amortized
Buildings 32,754,272 - - 32 - ,754,272
Improvements 53,493,145 44,843 - 53 - ,537,988
Equipment 7,846,994 65,881 - 7 - ,912,875
Lease assets 49,599 - - - 49,599
Subscription assets 273,176 - - 273 - ,176
Infrastructure 186,562,002 - 3,050,107 - 189,612,109
Total capital assets, being depreciated/amortized 280 ,706,012 383,900 3,050,107 - 284,140,019 Less accumulated depreciation/amortization
Buildings (28,089,442) (336,981) - - (28,426,423)
Improvements (39,344,037) (1,230,080) - - (40,574,117)
Equipment (5,092,135) (429,859) - - (5,521,994)
Lease assets (22,411) (17,169) - - (39,580)
Subscription assets - (50,480) - - (50,480)
Infrastructure (88,732,084) (3,998,280) - - (92,730,364) Total accumulated depreciation/amortization (161,280,109) (6,062,849) - - (167,342,958) Total capital assets, being depreciated/amortized, net 119 ,425,903 (5,678,949) 3,050,107 - 116,797,061 Total business-type activities capital assets $ 145,453,311 $ 1,968,448 $ - $ - 147 $ ,421,759 Sewer Fund $ 1,584,659
Water Fund 3,422,303
Refuse Fund 50,627
Port Operations 1,005,260
Total depreciation/amortization expense $ 6,062,849
66 380

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 7: PENSION PLANS
The City contributes to two defined benefit pension plans, the CalPERS Miscellaneous Employees Plan, an agent, multi-employer defined benefit retiree health plan administered by the California Public Employees Retirement System (CalPERS), and the City of West Sacramento Safety Employees Plan, which is a cost-sharing, multiple-employer plan, also administered by CalPERS. As of and for the year ended June 30, 2023, the two plans had the following balances reported in the government-wide financial statements:

A. Miscellaneous Employees Agent, Multiple-Employer Defined Benefit Pension Plan

1. Plan Description, Benefits Provided, and Employees Covered The plan is an agent multiple-employer defined benefit pension plan administered by the California Public Employees’ Retirement System (CalPERS). A full description of the pension plan regarding number of employees covered, benefit provisions, assumptions (for funding, but not accounting purposes), and membership information are listed in the plan’s June 30, 2022 Annual Actuarial Valuation Report (funding valuation). Details of the benefits provided can be obtained in Appendix B of the actuarial valuation report. This report and CalPERS’ audited financial statements are publicly available reports that can be obtained at CalPERS’ website.

2. Contribution Description
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’ annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended.

Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions. Plan contributions for the year equaled $ 5,772,287.

3. Actuarial Methods and Assumptions Used to Determine Total Pension Liability The June 30, 2021 valuation was rolled forward to determine the June 30, 2022 measurement date total pension liability, based on the following actuarial methods and assumptions:

Actuarial Cost Method Entry Age Normal Cost Method
Actuarial Assumptions
Discount rate 6.90%
Inflation 2.30%
Salary increases Varies by entry age and services
Mortality rate table Derived using CalPERS’ membership data for all funds Post-retirement benefit increase The lesser of contract COLA or 2.30% until purchasing power protection allowance floor on purchasing power applies, 2.30% thereafter Net Pension Deferred Outflows Deferred Inflows Pension
Liability of Resources of Resources Expense
Miscellaneous Plan 49,170,655 $ $ 15,966,786 $ (15,311) $ 6,936,844 Safety Plan 58,590,038 27,699,536 (4,713,305) 3,266,165 Total pension plans 107,760,693 $ $ 43,666,322 $ (4,728,616) $ 10,203,009 67 381

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 7: PENSION PLANS (CONTINUED)
The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and Post-retirement mortality rates include generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from November 2021 that can be found on the CalPERS website.

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

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

5. 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.

Assumed
Asset
Asset Class Allocation Real Return 1, 2
Global equity-cap-weighted 30.00% 4.54%
Global equity-non-cap-weighted 12.00% 3.84%
Private equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed securities 5.00% 0.50%
Investment grade corporates 10.00% 1.56%
High yield 5.00% 2.27%
Emerging market debt 5.00% 2.48%
Private debt 5.00% 3.57%
Real assets 15.00% 3.21%
Leverage -5.00% -0.59%
1 An expected inflation of 2.30% used for this period.
2 Figures are based on the 2021 Asset Liability Management study 68 382

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 7: PENSION PLANS (CONTINUED)

6. Changes in Assumptions
On July 12, 2021, CalPERS reported a preliminary 21.3% net return on investments for fiscal year 2020-21. Based on the thresholds specified in CalPERS Funding Risk Mitigation policy, the excess return of 14.3% prescribes a reduction in investment volatility that corresponds to a reduction in the discount rate used for funding purposes of

0.20%, from 7.00% to 6.80%. Since CalPERS was in the final stages of the four-year Asset Liability Management (ALM) cycle, the board elected to defer any changes to the asset allocation until the ALM process concluded, and the board could make its final decision on the asset allocation in November 2021 On November 17, 2021, the board adopted a new strategic asset allocation. The new asset allocation along with the new capital market assumptions, economic assumptions and administrative expense assumption support a discount rate of 6.90% (net of investment expense but without a reduction for administrative expense) for financial reporting purposes. This includes a reduction in the price inflation assumption from 2.50% to 2.30% as recommended in the November 2021 CalPERS Experience Study and Review of Actuarial Assumptions. This study also recommended modifications to retirement rates, termination rates, mortality rates and rates of salary increases that were adopted by the board. These new assumptions will be reflected in the GASB 68 accounting valuation reports for the June 30, 2022, measurement date.

7. Amortization of Deferred Outflows and Deferred Inflows of Resources Under GASB Statement No. 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense.

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

Net difference between projected 5-year straight-line amortization and actual earnings on pension
plan investments
All other amounts Straight-line amortization over the expected average remaining service lifetime (EARSL) of all members that are provided with benefits (active, inactive, and retired) as of the beginning of the measurement period.

The EARSL for the plan for the measurement period ending June 30, 2022 is 3.1 years, which was obtained by dividing the total service years of 3,247 (the sum of remaining service lifetimes of the active employees) by 1,035 (the total number of participants: active, inactive, and retired). Inactive employees and retirees have remaining service lifetimes equal to 0. Total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.
69 383

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 7: PENSION PLANS (CONTINUED)

8. Changes in the Net Pension Liability
The following table shows the changes in net pension liability recognized over the measurement period:

9. Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liabilities calculated using the discount rate of 6.90%, as well as what the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5.90%) or 1-percentage-point higher (7.90%) than the current rate:

Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability/(Asset)
(a) (b) (c) = (a) - (b)
Balance at June 30, 2021 $ 152,743,755 $ 127,026,386 $ 25,717,369 Changes recognized for the
measurement period:

Service cost 3,636,502 3 - ,636,502
Interest on total pension liability 10,831,489 10 - ,831,489 Changes of benefit terms - - -
Changes of assumptions 5,876,038 5 - ,876,038
Differences between expected and - - -
actual experience 153,504 - 153,504
Net plan to plan resource movement - 10,917 (10,917)
Contributions-employer 5 - ,227,083 (5,227,083)
Contributions-employee 1 - ,549,231 (1,549,231)
Net investment income (9 - ,663,853) 9,663,853
Benefit payments, including refunds of
employee contributions (7,226,905) (7,226,905) -
Administrative expense - (79,131) 79,131
Other miscellaneous (income)/expense - - -
Net changes during 2021-22 13,270,628 (10,182,658) 23,453,286 Balance at June 30, 2022 $ 166,014,383 $ 116,843,728 $ 49,170,655 Discount Rate Current Discount Rate
-1 Percent Discount Rate +1 Percent
(5.90%) (6.90%) (7.90%)
Plan's net pension liability $ 72,387,620 $ 49,170,655 $ 30,137,433 70 384

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 7: PENSION PLANS (CONTINUED)

10. Pension Expense and Deferred Outflows and Deferred Inflows of Resources For the fiscal year ended June 30, 2023, the City recognized $6,936,844 in pension expense.

The following table presents deferred outflows and deferred inflows of resources related to pensions as of the June 30, 2023:

Amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

B. Safety Employees Cost-Sharing, Multiple-Employer Defined Benefit Pension Plan

1. Plan Description and Benefits Provided
The Public Agency Cost-Sharing Multiple-Employer Defined Benefit Pension Plan (the Plan or PERF C) is administered by the California Public Employees’ Retirement System (the System or CalPERS). The Plan consists of a miscellaneous risk pool and a safety risk pool, which are comprised of individual employer miscellaneous and safety rate plans, respectively. Individual employers may sponsor more than one miscellaneous and safety rate plan. Each individual employer rate plan generally has less than 100 active members.

The Plan was established to provide retirement, death and disability benefits to public agency rate plans with generally less than 100 active members. The benefit provisions for PERF C members are established by statute. A full description regarding the number of employees covered, benefit provisions, assumptions (for funding, but not accounting purposes), and membership information for the respective rate plan is listed in the respective rate plan’s June 30, 2021 Annual Valuation Report (funding valuation). Details of the benefits provided can be obtained in Appendix B of the funding valuation report. This report and CalPERS’ audited financial statements are publicly available reports that can be found on CalPERS’ website https://www.calpers.ca.gov/docs/formspublications/acfr2022.pdf.

Deferred Outflows Deferred Inflows
of Resources of Resources
Contributions subsequent to the
measurement date $ 5,772,287 $ -
Changes of assumptions 3,980,542 -
Differences between expected and
actual experience 356,545 15,311
Net difference between projected
and actual earnings on pension
plan investments 5,857,412 -
Total $ 15,966,786 $ 15,311
Deferred
Outflows/(Inflows)
Fiscal year ended June 30, of Resources
2024 3,084,703 $
2025 2,795,970
2026 617,060
2027 3,681,455
2028 -
Thereafter -
Total $ 10,179,188
71 385

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 7: PENSION PLANS (CONTINUED)

2. Contribution Description
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’ annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended.

Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions. Plan contributions for the year equaled $6,878,131.

3. Actuarial Methods and Assumptions Used to Determine Total Pension Liability The collective total pension liability for the June 30, 2022 measurement period was determined by an actuarial valuation as of June 30, 2021, with update procedures used to roll forward the total pension liability to June 30, 2022. The collective total pension liability was based on the following assumptions:

Actuarial Cost Method Entry Age Normal Cost Method
Actuarial Assumptions
Discount rate 6.90%
Inflation 2.30%
Salary increases Varies by entry age and services
Mortality rate table Derived using CalPERS’ membership data for all funds Post-retirement benefit increase The lesser of contract COLA or 2.30% until purchasing power protection allowance floor on purchasing power applies,

2.30% thereafter
The mortality table was developed based on CalPERS-specific data. The rates incorporate Generational Mortality to capture ongoing mortality improvement using 80% of Scale MP 2020 published by the Society of Actuaries. For more details, please refer to the 2021 experience study report that can be found on the CalPERS website.

4. Long-Term Expected Rate of Return
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. Projected returns for all asset classes are estimated and, combined with risk estimates, are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. 72 386

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 7: PENSION PLANS (CONTINUED)
The expected real rates of return by asset class are as followed:

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

6. Changes in Assumptions
On July 12, 2021, CalPERS reported a preliminary 21.3% net return on investments for fiscal year 2020-21. Based on the thresholds specified in CalPERS Funding Risk Mitigation policy, the excess return of 14.3% prescribes a reduction in investment volatility that corresponds to a reduction in the discount rate used for funding purposes of

0.20%, from 7.00% to 6.80%. Since CalPERS was in the final stages of the four-year Asset Liability Management (ALM) cycle, the board elected to defer any changes to the asset allocation until the ALM process concluded, and the board could make its final decision on the asset allocation in November 2021.

7. Amortization of Deferred Outflows and Deferred Inflows of Resources Under GASB Statement No. 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

The first amortized amounts are recognized in pension expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense.

Assumed
Asset
Asset Class Allocation Real Return 1, 2
Global equity-cap-weighted 30.00% 4.54%
Global equity-non-cap-weighted 12.00% 3.84%
Private equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed securities 5.00% 0.50%
Investment grade corporates 10.00% 1.56%
High yield 5.00% 2.27%
Emerging market debt 5.00% 2.48%
Private debt 5.00% 3.57%
Real assets 15.00% 3.21%
Leverage -5.00% -0.59%
1 An expected inflation of 2.30% used for this period.
2 Figures are based on the 2021 Asset Liability Management study 73 387

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 7: PENSION PLANS (CONTINUED)
The amortization period differs depending on the source of the gain or loss:

Net difference between projected 5-year straight-line amortization and actual earnings on pension
plan investments
All other amounts Straight-line amortization over the expected average remaining service lifetime (EARSL) of all members that are provided with benefits (active, inactive, and retired) as of the beginning of the measurement period.

The EARSL for the plan for the measurement period ending June 30, 2022 is 3.7 years, which was obtained by dividing the total service years of 574,665 (the sum of remaining service lifetimes of the active employees) by 153,587 (the total number of participants: active, inactive, and retired). Inactive employees and retirees have remaining service lifetimes equal to 0. Total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.

8. Proportionate Share of the Net Pension Liability
The City reports a net pension liability of $58,590,038, as of June 30, 2022 (the measurement date). 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 Safety Plan as of June 30, 2021 and June 30, 2022 (measurement period), are as follows:

9. Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the collective net pension liability calculated using a discount rate of 6.90%, as well as what the collective net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5.90%) or 1-percentage-point higher (7.90%) than the current rate:

10. Pension Expense and Deferred Outflows and Deferred Inflows of Resources For the fiscal year ended June 30, 2023, the City recognized $3,266,165 in pension expense.

Proportion - June 30, 2021 0.8863%
Proportion - June 30, 2022 0.8526%
Change -0.0337%
Discount Rate Current Discount Rate
-1 Percent Discount Rate +1 Percent
(5.90%) (6.90%) (7.90%)
Proportionate share of net pension liability $ 86,779,674 $ 58,590,039 $ 35,551,380 74 388

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 7: PENSION PLANS (CONTINUED)
The following table presents deferred outflows and deferred inflows of resources related to pensions as of the June 30, 2023:

Amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

NOTE 8: OTHER POSTEMPLOYMENT BENEFIT (OPEB) OBLIGATIONS A. Plan Description
The City provides post-employment health care benefits to eligible employees. CalPERS invests the Plan’s assets as part of the California Employer’s Retiree Benefit Trust (CERBT), resulting in its classification as an agent plan. The City Council has the authority to establish and amend benefit provisions of the single employer plan according to existing bargaining arrangements. In accordance with City Council Resolution, the plan is available to all employees who retire under CalPERS while working for the City. The City pays a percentage of health insurance premiums of non-safety employees with over ten years of service and 100% of safety employee’s health insurance premiums up to the limit specified in the City’s Memorandums of Understanding. Two ex-council members and an ex-contract city attorney are eligible. Copies of the CalPERS’ ACFR may be obtained from the CalPERS Executive Office – 400 P Street – Sacramento, California 95814.

Deferred Outflows Deferred Inflows
of Resources of Resources
Contributions subsequent to the
measurement date $ 6,878,131 $ -
Changes of assumptions 5,907,650 -
Differences between expected and
actual experience 2,424,829 636,242
Net difference between projected
and actual earnings on pension
plan investments 9,252,186 -
Adjustment due to differences
in proportions 3,236,740 -
Difference in actual to proportionate
share contribution 4 - ,077,063
Total $ 27,699,536 $ 4,713,305
Deferred
Outflows/(Inflows)
Fiscal year ended June 30, of Resources
2024 $ 4,707,475
2025 3,713,481
2026 2,043,192
2027 5,643,952
2028 -
Thereafter -
Total $ 16,108,100
75 389

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 8: OTHER POSTEMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) In addition, RD 900, a blended component unit of the City, provides post-employment health care benefits to eligible employees. As of June 30, 2023, the net OPEB liability is $28,405, deferred outflows and deferred inflows of resources related to OPEB are $76,279 and $85,866, respectively. For additional information regarding RD 900 post-employment benefits see the RD 900 financial statements available at https://www.rd900.org.

B. Plan Membership
At June 30, 2023, membership consisted of:

C. Eligibility
Service - age 50, 5 years of service and retire directly from City under CalPERS or disability retirement.

D. Benefits Provided
Inactive members currently receiving benefits 212
Inactive members entitled to but not yet receiving benefits - Active members 360
Total 572
Medical and Dental Medical Contribution
City Manager No PEM-HCA 100% of premiums No Cap
Dept. Head (Fire Chief) No PEM-HCA 100% of premiums $800 Fire Management No PEM-HCA 100% of premiums $800
FFA No PEM-HCA 5-9 YOS $75+ 30% of premiums $750
Dept. Head (Non-safety) Yes City 10-14 YOS $100+ 50% of premiums Retired < 7/1/11 or 15-19 YOS $150+ 75% of premiums Employees with
20+ YOS 100% of premiums 20+ YOS as of
7/1/11 no cap.

Dept. Head (Police Chief) No City 100% Premiums All others $1,500 Up to Blue Shield
Access+ plan
Police Management No City 100% Premiums if DOH > 7/1/10, $800 need 10 yrs City service
POA (Safety) Hired <6/30/14 No City Retired < 1/1/09 or have 7+ YOS Single $737 as of 1/1/09: 100% PORAC (family) 2 party $1,185
All other retirees: Family $1,511
10-14 YOS 50% of premiums
15-19 YOS 75% of premiums
20+ YOS 90% of premiums
POA (Safety) Hired >6/30/14 No City Same as POA (Safety) hired < 6/30/14 $1,200 Non-Safety Management, POA 10-14 YOS $50+ 25% of premiums Lesser of 75% (Non-Safety), Specialists 15-19 YOS $75+ 30% of premiums of Total & Professionals, Confidential 20+ YOS $100+ 50% of premiums Premiums or $750 POA (non-Safety)
Stationary Engineers Yes City Not to exceed POA
active cafeteria amounts
City Council No City 100% Self pay by the retiree $0
76 390

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 8: OTHER POSTEMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) Vision Benefit
None – City pays 100% of vision premiums for one former City Manager Surviving Spouse Benefit
100% of retiree benefit continues to surviving spouse if retiree elects survivor annuity under retirement plan.

Except for the fire group, the City contribution cap amounts may increase each year based on premiums for active employees. For the fire group, the City contribution cap amounts increase each year in accordance with Government Code Section 22825.

OPEB Plan Investments
The discount rate of 7.10% was determined using the asset allocation and assumed rates of return associated with CalPERS’ California Employers’ Retirement Benefit Trust Strategy 1. The portfolio allocation and rates of return associated with CERBT Trust Strategy 1 are as follows:

Contributions
Contributions to the OPEB Plan from the City were $2,451,162for the year ended June 30, 2023. Employees are not required to contribute to the OPEB Plan. Payments on the OPEB liability are made from the fund for which the related employee worked.

Net OPEB Liability
The City’s net OPEB liability was measured as of June 30, 2023, and the net OPEB liability was determined by an actuarial valuation as June 30, 2023.

Percentage of Real Rate of
Asset Class Portfolio* Return
Global Equity 30.00% 4.54%
Fixed Income 12.00% 3.84%
Treasury Inflation Protected Securities (TIPS) 13.00% 7.28% Real Estate Investment Trusts (REITs) 5.00% 0.27%
Commodities 5.00% 0.50%
*geometric average
77 391

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 8: OTHER POSTEMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) Actuarial Assumptions
The total OPEB liability in the June 30, 2023 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

Employer Contributions for Inactives
Valuation Date June 30, 2022
Measurement Date June 30, 2022
Report Date June 30, 2023
Actuarial Method Entry Age Normal Level Percentage of Salary Discount Rate 7.10%
Healthcare Trend Rate 6.50%
Mortality CalPERS OPEB Assumption Model, revised December 20, 2017 Termination Rates CalPERS OPEB Assumption Model, revised December 20, 2017 Disability CalPERS OPEB Assumption Model, revised December 20, 2017 Retirement CalPERS OPEB Assumption Model, revised December 20, 2017 Premiums
Annual Per Capital Claims Developed based on premiums for the City’s enrollment by plan.

Aging or Morbidity Factors Based on actual CalPERS HMO and PPO population data.

Participant Contributions
Salary Increases
Inflation Rate 2.50%
Marital Status
Spouse Gender Assumes spouse of opposite gender.

Spouse Age Difference Assumes males are three years older than females.

Participation Current Retirees: Assume current elections continue until decremen Blended premiums were developed based on the City’s enrollment by plan. These premiums were used in implicit subsidy active explicit subsidy calculations.

Retiree pays any difference between premiums and the benefit cap for the retiree (which varies by bargaining group).

2.75% (same as CalPERS). The salary increase is used to determine the growth in the aggregate payroll. Individual Salary Increased: 2018 CalPERS Merit Salary Increases.

Current Retirees: Spouse coverage provided by City. Future Retirees: 60% assumed to be married.

Future Retirees: Assume 60% of future retirees will elect to continue coverage in City’s plans, and that 25% will procure similar coverage elsewhere and seek reimbursements. Assume 60% of retirees with coverage enroll a spouse.

Trend Rates
PEMHCA Administration Fee $143/month for 2021, $139/month for 2020. Trended to 3% per annum thereaft PEMHCA Information
Dental Valuation
Benefit Cap Trend Rate Assumed to increase at medical trend rates for pre and post retirement.

Medical Long-Term Trends from Society of Actuaries "Long-Term Healthcare Cost Trends Model 2018".

West Sacramento is enrolled in an unequal contribution, with current retirees receiving 55% of the PEMHCA minimum in 2023 and 50% in 2022. For Firefighters, Safety Management, and City Manager, the PEMCHA minimum is embedded in monthly premiums. For other groups, the PEMHCA minimum is paid to CalPERS in addition to the medical premiums paid to retirees.

Single dental premiums of $468/year in 2018 were trended at 4%. The dental premiums were assumed to not create an implicit subsidy. 78 392

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 8: OTHER POSTEMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) H. Changes in the Net OPEB Liability
There were no changes between the measurement date and the year ended June 30, 2023 which had a significant effect on the City’s net OPEB liability.

Fiduciary Net Position as a % of the total OPEB liability, at June 30, 2023 95.6% Discount Rate
All future benefit payments were discounted using a discount rate of 7.10%. As the plan is funded by an irrevocable trust, and the plans' projected contributions and net position are expected to fully cover future benefit payments, the discount rate has been set to equal the long-term rate of return on plan investments.

I. Discount Rate and Healthcare Rate Sensitivity Analysis The following presents the Net OPEB Liability of the City, as well as what the City’s Net OPEB Liability would be if it were calculated using a discount rate that is one percentage-point lower or one percentage-point higher than the current discount rate:

The following presents the Net OPEB Liability of the City, as well as what the City’s Net OPEB Liability would be if it were calculated using healthcare cost trend rates that are one percentage-point lower or one percentage-point higher than the current healthcare cost trend rates:

Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability/(Asset)
(a) (b) (c) = (a) - (b)
Balance at June 30, 2021 $ 30,117,296 $ 31,089,815 $ (972,519) Changes recognized for the
measurement period:

Service cost 764,702 - 764,702
Interest on total OPEB liability 2,298,860 2 - ,298,860 Changes of assumptions (304,353) - (304,353)
Differences between expected and (1,524,951) (1 - ,524,951) actual experience
Contributions-employer 2 - ,092,130 (2,092,130)
Net investment income (4 - ,195,602) 4,195,602
Benefit payments, including refunds of (2,092,130) (2,092,130) - employee contributions
Administrative expense - (23,046) 23,046
Net changes during 2021-22 (857,872) (4,218,648) 3,360,776 Balance at June 30, 2022 $ 29,259,424 $ 26,871,167 $ 2,388,257 Discount Rate Current Discount Rate
-1 Percent Discount Rate +1 Percent
(6.10%) (7.10%) (8.10%)
Plan's net OPEB liability/(asset) $ 4,289,253 $ 2,388,257 $ (1,355,814) 79 393

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 8: OTHER POSTEMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) J. OPEB Expense, Deferred Outflows of Resources, and Deferred Inflows of Resources Related to OPEB For the year ended June 30, 2023, the City recognized OPEB income of $228,847. At June 30, 2023, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:
$1,830,017 reported as deferred outflows of resources related to benefits paid subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the year ended June 30, 2024. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:

K. Section 115 Trust Fund
On June 14, 2017, the City Council approved establishing a IRC Section 115 trust fund with Public Agency Retirement Services (PARS) for the OPEB plan. The PARS trust is expected to provide advantages over the existing CalPERS CERBT due to the ability to diversify investments to allow for higher returns. Management recommended contributing 50% of its OPEB ARC to the PARS Section 115 trust and 50% to the CalPERS CERBT and to review the performance of the two trust funds on an annual basis for the first three years. No significant contributions have been made to the PARS trust for the fiscal year 2022. Contributions of $1,379,819 have been made to the PARS trust for fiscal year June 30, 2023.

Current
1 Percent Heathcare 1 Percent
Decrease Trend Rate Increase
Plan's net OPEB liability/(asset) $ (958,738) $ 1,232,838 $ 3,635,122 Deferred Outflows Deferred Inflows
of Resources of Resources
Contributions subsequent to the
measurement date $ 1,830,017 $ (4,502,092)
Changes of assumptions 188,561 (3,881,496)
Differences between expected and
actual experience 1,229,810 -
Net difference between projected
and actual earnings on OPEB
plan investments 2,525,245 -
Total $ 5,773,633 $ (8,383,588)
Deferred
Outflows/(Inflows)
Fiscal year ended June 30, of Resources
2024 $ (789,592)
2025 (858,529)
2026 (1,110,334)
2027 (174,857)
2028 (1,075,340)
Thereafter (431,320)
Total $ (4,439,972)
80 394

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 9: COMMITMENTS AND CONTINGENT LIABILITIES
A. Grant Contingencies
The City participates in various federal and state assisted grant programs. These programs are subject to compliance audits by the grantors. No audits by the grantors have been conducted during the year ended June 30, 2023. The amount, if any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time although the City expects such amounts, if any, to be immaterial.

B. Central Valley Regional Water Quality Control Board

1. Groundwater
Per a Groundwater Extraction Pilot Project accepted by the Regional Water Quality Control Board (RWQCB) in 2002, designed to remove nitrate and ammonia in the soil and groundwater at the Port’s North Terminal, the Port operates thirteen groundwater extraction pumps from May through October every year. In 2020, the Project will be expanded by removing asphalt from a 5,000 square foot area and planting vegetation to draw nitrate and ammonia from the soil. The vegetation will be irrigated and the soil/groundwater within the area will be monitored to measure any reduction in nitrate and ammonia. The RWQCB has determined that the groundwater contamination is not a threat to any drinking water supply.

2. Storm Water
Since 2001, the Port has captured and treated its storm water run-off with an innovative storm water collection and treatment system. The total cost of the project was $3,665,052 and was partially financed by an unsecured note payable described in Note 7. During each storm event, the system collects surface run-off from the Port’s terminal and removes nitrates and ammonia prior to the release of the water into the harbor. The system continues to operate as anticipated and is maintained in good condition.

C. Contingencies Related to the Termination of the Redevelopment Agency As indicated in Note 16, certain transfers made by the Successor Agency of the Redevelopment Agency of the City of West Sacramento to other governments are subject to review by departments of the State of California, including transfers made to other City funds. While the State has required any previous unnecessary transfers to other City funds to be reversed and paid to the Successor Agency for distribution to other jurisdictions as residual payments under AB 1484, the Successor complied with these payments totaling $8,909,485. The City completed required residual payments including: 1) the Low and Moderate Income Housing Fund payment, 2) the “July True Up” payment, and 3) the Other Funds and Accounts payment. The State Department of Finance issued a Finding of Completion letter on May 13, 2013. The approval of the annual Recognized Obligation Payment Schedule (ROPS) process was moved to January 2020.

D. Long-Term Commitments
The City had the following significant contract commitments as of June 30, 2023.

Remaining
Project Spent-to-Date Commitment
Water Projects $ 27,702,403 $ 12,022,274
City Park Improvements 15,220,048 23,298,409
Sewer Projects 7,297,108 6,244,387
City Facilities Projects 24,024,507 14,886,747
Drainage and Flood Control Projects 717,383 436,425
Transportation Projects 39,517,811 47,585,197
Community Investment Projects 12,250,642 13,332,511
Total Commitments 126,729,902 $ $ 117,805,950
81 395

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 9: COMMITMENTS AND CONTINGENT LIABILITIES (CONTINUED) E. Stock Lock Property
The transfer of the Stone Lock property to the City occurred in 2015. At acquisition, asbestos and lead paint contamination were strongly suspected in the vacant buildings per the Phase 1 report. Responsibility for remediation is being determined, although staff is currently assuming that it will be a city expense. To date, the Council has appropriated $385,000 in one-time special funds for maintenance and nuisance abatement improvements at the facility and has appropriated $30,000 per annum for trash, graffiti and weed abatement. Based on the 2022, Stone Lock Facility Summary report the total phase 1 rehabilitation cost estimate (includes asbestos and lead removal, securing the buildings, lighting, and for a structural retrofit budget previously prepared by Wood Rodgers) is $1.5 million. The one-time funds are insufficient to complete the first phase of proposed safety and security improvements. Staff has submitted a grant letter proposed to the National Parks Service for a Maritime Heritage Grant and anticipated being asked to apply for a $1.1 million grant in Q1/Q2 of 2023.

F. Port District Agreement to Purchase Land
In April 2017, the Port District approved a Purchase and Sale Agreement (the Agreement) with Equilon Enterprises, Inc. d/b/a Shell Oil Products US (Equilon) where Equilon agreed to sell approximately 8.89 acres of land to the Port District for $3 million. The Agreement requires Equilon to terminate operations at the property by March 31, 2021 and to demolish and remove the facility on the property by December 31, 2021. The property has been identified as contaminated under state and federal regulations and the Agreement requires the property to be remediated by May 31, 2025. The Port District may terminate the Agreement if the property has not been remediated by this date. Equion is responsible for all expenses of the property prior to the close of escrow, which is required to occur no later than November 30, 2025.

NOTE 10: RISK MANAGEMENT
A. Participation in YCPARMIA
The City is a member of the Yolo County Public Agency Risk Management Insurance Authority (YCPARMIA), a public entity risk pool that is currently operating as a common risk management agency. There are six members on the Board of Directors including one member from the City. The Board of Directors elect officers of the YCPARMIA annually. The City pays an annual premium to YCPARMIA for its insurance coverage. The Agreement for Formation of YCPARMIA provides that YCPARMIA will be self-sustaining through member premiums and will be re-insured through California Joint Powers Risk Management Authority (CJPRMA) for claims in excess of YCPARMIA limits indicated below for each insured event.

The CJPRMA is a large risk pool that covers claims for smaller risk pools such as YCPARMIA. The City has no accrued liability or reserves as of June 30, 2023. The City does not retain risk of loss in the pool above the self-funded retention amount for the general liability, property, and workers’ compensation.

The City has had no settlements which exceeded insurance coverage in the last three fiscal years.

The City also maintains a smaller policy with YCPARMIA for Marine Hull and Machinery and Drone Liability Coverage. Complete financial information for YCPARMIA is available at 77 West Lincoln Avenue, Woodland, California 95695.

Coverage
Self-Insured
Retained Limit
(City portion)
Self-Insured
Retained Limit
(Pool portion) Maximum Coverage Maximum Coverage Through General and Auto Liability $ 5,000 $ 1,000,000 $ 40,000,000 CJPRMA Workers' Compensation 1,000 1,000,000 50,000,000 PRISM Risk Property Protection 1,000 25,000 959,357,100 PRISM Risk Fidelity 1,000 25,000 2,000,000 Fidelity & Deposit of Maryland Pollution Legal Liability N/A 250 ,000 10,000,000 Commercial Insurance Cyber Liability N/A 2 ,000,000 1,000,000 Commercial Insurance 82 396

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 11: CUSTODIAL BONDS PAYABLE AND OTHER CONDUIT DEBT Special assessment bonds have been issued under the 1915 Bond Act. The City is in no way liable for repayment of any bonds of the funds reflected in the custodial funds, according to bond counsel, but is acting only as an agent for the property owners/bond holders in collecting and forwarding the special assessments. These debt agreements are accounted for as custodial funds. Balances of the custodial bonds are as follows as of June 30, 2023:

Events of Default with Finance Related Consequences
Upon the occurrence of an event of default under the bond covenants the owner of the bonds is entitled to enforce the covenants and agreements of the Agency by mandamus suit or other proceeding at law or in equity for only the pledged revenues specified in the covenants. In addition, the Trustee has the right to accelerate the total unpaid principal amount outstanding and interest accrued thereon.

Spec Tax - CFD No. 12 - Raley's Field $ 2,505,891
Spec Tax - CFD No. 14 - Newport 2004 5,045,000
Spec Tax - CFD No. 20 - Rfnd Bridgeway Lk2 6,160,000
2016 Special Tax Refunding Bond - CFD 27 12,905,000
Spec Tax Rev Bond - 2006 - Series A 23,560,000
Spec Tax Rev Bond - 2006 - Series B 2,005,000
2012 Special Tax Refunding Bond 3,905,000
2014 Special Tax Refunding Bond 18,770,000
2016 Special Tax Refunding Bond Senior Series 6,865,000 2016 Special Tax Refunding Bond Subordinate Series 2,590,000 River City Regional Stadium 18,675,000
2017 Special Tax Bonds - CFD 27 13,570,000
2019 Special Tax Bonds - CFD 29 3,465,000
2015 WSAFCA JPA Bond 24,620,000
2020 WSAFCA JPA Bond 10,245,000
$ 154,885,891
83 397

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 12: LONG-TERM LIABILITIES
The following is a summary of changes in long-term liabilities for the year ended June 30, 2023:

A. Description of Long-Term Debt

1. Governmental Activities
2012 Refunding Lease Revenue Bonds: On December 21, 2012, $7,954,988 in Refunding Lease Revenue Bonds, Series 2012, were issued by the West Sacramento Financing Authority to refund the remaining 2004 Lease Revenue Bonds. The proceeds are to finance a portion of the cost of construction of a fire station facility, including fixtures and equipment. To provide for repayment of the bonds, the City entered into an agreement to lease its City Hall. Principal payments of $107,394 to $285,157 are due semiannually on March 1 and September 1, through March 1, 2030. Interest payments of $4,135 to $113,790 are due semiannually on March 1 and September 1 through March 1, 3030. The bonds bear an interest rate of 2.9%. City Hall is pledged as collateral for the debt.

US Bank Financing Purchases: On October 15, 2015, the City entered into a $1,492,100 financing purchase that provides the City with fire equipment. Principal payments of $139,139 to $142,785 are due annually on October 15 through 2025. Interest payments of $3,647 to $35,365 are due annually on October 15 through 2025 and bear an interest rate of 2.62%.

On October 30, 2015 the City entered into a $1,228,812 financing purchase of public works equipment.

Principal payments of $111,036 to $135,445 and interest payments of $2,958 to $24,409 are due annually on October 30 through 2024. The financing purchase agreement bears an interest rate of 2.23%. The Sewer Fund and Water Fund have an interest in the purchased equipment and related obligation of fifty-three percent (53%) and twenty percent (20%), respectively.

Amount
Balance Balance Due Within
July 1, 2022 Additions Deletions June 30, 2023 One Year Governmental activities
Bonds payable
Bonds payable $ 4,147,134 $ 4 - $ ,147,134 $ - $ -
Total bonds payable 4,147,134 4 - ,147,134 - -
Financed purchases 5,812,392 - 679,457 5,132,935 697,698 Loans 315,789 - 242,734 73,055 73,055
Leases 1,757,037 468,723 492,847 1,732,913 417,691
SBITAs - 396,446 72,813 323,633 77,625
Compensated absences 6,391,878 1,456,924 1,477,869 6,370,933 1,355,233 Total governmental activities $ 18,424,230 $ 2,322,093 $ 7,112,854 $ 13,633,469 $ 2,621,302 Business-type activities
Bonds payable
Bonds payable $ 66,735,000 $ 3 - $ ,570,000 $ 63,165,000 $ 3,735,000 Premium 975,638 - 286,688 688,950 286,688
Total bonds payable 67,710,638 3 - ,856,688 63,853,950 4,021,688 Financed purchases 713,890 - 88,496 625,394 90,776
Notes and loans 1,914,170 - 342,852 1,571,318 350,762
Leases 28,905 - 17,338 11,567 11,567
SBITAs - 273,176 48,855 224,321 44,354
Service concession arrangement 408,987 - 408,987 - -
Compensated absences 395,794 82,917 69,829 408,882 65,421 Total business-type activities $ 71,172,384 $ 356,093 $ 4,833,045 $ 66,695,432 $ 4,584,568 84 398

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 12: LONG-TERM LIABILITIES (CONTINUED)
On October 14, 2019 the City entered into a $1,586,600 financing purchase of fire equipment. Principal payments of $116,214 to $149,487 are due annually on September 15 through 2030. Interest payments of $3,383 to $33,273 are due annually on September 15 through 2030 and bear an interest rate of 2.32%.

Street Lighting Loans: On March 15, 2013, the City executed a loan agreement of $1,460,000 to finance City-wide street lighting replacements. Principal payments of $128,824 to $164,464 are due annually on March 15 through 2023. Interest payments of $4,524 to $40,165, are due annually on March 15 through 2023 and bear an interest rate of 2.75%.

On March 15, 2014, the City executed an additional loan agreement of $62,425 to finance additional City-wide street lighting replacements. Principal payments of $6,207 to $7,713 are due annually on March 15 through 2023. Interest payments of $212 to $1,717 are due annually on March 15 through 2023 and bear an interest rate of 2.75%. The loans are secured with the purchased assets pledged as collateral.

Portable Radio Loan: On June 25, 2014 the City executed a loan agreement with the County of Sacramento in the amount of $627,810 to finance the purchase of radio equipment from the Sacramento Regional Communications System. Principal payments of up to $75,641 are due annually on July 1 through 2023. Interest payments of $2,586 to $22,224 are due annually on July 1 through 2023 and bear an interest rate of 3.54%.

Solar Panels Finance Purchase: On March 10, 2016 the City executed a financing purchase with Banc of America Public Capital in the amount of $3,984,982 to finance the purchase of solar panels installed at City Hall. Principal payments of $48,037 to $157,175 and interest payments of $2,114 to $52,952 are due semi-annually on June 1 and December 1 through June 1, 2031. The agreement bears an interest rate of 2.60%. The Water Fund has a twenty-five percent (25%) interest in the purchased equipment and related obligation. The financing purchase is secured with a first lien on the purchased equipment. The solar panels purchased had a cost of $3,845,251 and accumulated depreciation of $938,297.

Fire Apparatus Finance Purchase: On July 30, 2018 the City entered into a $1,800,000 financing purchase of two fire apparatus. Principal payments of $180,182 and interest payments of $123,104 to $180,182 are due annually July through 2029. The agreement bears an interest rate of 3.524%. The U.S. Bancorp agreement is secured with a first lien on the purchased equipment.

On October 22, 2021, the City entered into a $904,000 financing purchase of a fire apparatus. Principal payments of $68,941.61 to $83,546.40 and interest payments of $1,589.96 to $15,916.80 are due annually October through 2032. The lease bears an interest rate of 1.94%. The U.S. Bancorp lease are secured with a first lien on the leased equipment.

2. Business-type Activities
Revenue Bonds (Refunding and Water System Improvement Project), Series 2012: In June 2012, $41,930,000 in West Sacramento Financing Authority Revenue Bonds (Refunding and Water System Improvement Project), Series 2012 were issued to finance the acquisition, construction and improvement of certain capital improvements to the water system and to fully refund the outstanding principal amount of the Authority’s Revenue Bonds (Water System Improvement Project, Series 2002), and to partially refund the Authority’s Water Revenue Bonds (Pooled Financing Program), Series 2003C. The bonds are secured by the revenues of the Water Enterprise Fund. Principal payments of $195,000 to $4,195,000 are due annually on October 1 through October 1, 2034.

Interest payments of $104,875 to $981,675 are due semiannually on October 1 and April 1 through October 1, 2034. Interest rates range from 2.00% to 5.00%.

The City has pledged future water and sewer customer revenues, net of specified operating expenses, to repay all of the City’s Water and Sewer Revenue Bonds through 2044. The Sewer and Water Enterprise Fund’s total principal and interest remaining to be paid on all bonds for which revenue is pledged is $103,001,910. The Water Enterprise Fund’s principal and interest paid for the current year and total customer net revenues were $5,260,403 and $9,914,933, respectively; therefore, approximately 53% of Water Fund revenue is pledged for the bonds.
85 399

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 12: LONG-TERM LIABILITIES (CONTINUED)
Revenue Bonds (Refunding and Water System Improvement Project), Series 2013: In July 2013, $18,130,000 in West Sacramento Financing Authority Revenue Bonds (Refunding and Water System Improvement Project), Series 2013 were issued to finance the acquisition, construction and improvement of certain capital improvements to the water system and to fully refund the outstanding principal amount of the Authority’s Water Revenue Bonds (Pooled Financing Program), Series 2003C. The bonds are secured by the revenues of the Water Enterprise Fund.

Principal payments of $1,200,000 to $1,850,000 are due annually on October 1 through October 1, 2024.

Interest payments of $37,000 to $356,275 are due semiannually on October 1 and April 1 through October 1, 2024. Interest rates range from 2.00% to 5.00%. The City has pledged future water customer revenues, net of specified operating expenses, to repay all of the City’s Water Revenue Bonds through 2024. See the disclosure of pledged revenues and payments under the Series 2012 Bonds footnote above.

Revenue Bonds (Wastewater and Water), Series 2017: In October 2017, $23,885,000 in West Sacramento Financing Authority Revenue Bonds (Water Revenue and Wastewater Revenue), Series 2017 were issued to finance certain capital improvements to the water system and the wastewater system of the City of West Sacramento. The bonds are secured by the revenues of the Sewer and Water Enterprise Funds. Principal payments of $170,000 to $2,995,000 are due annually on October 1 through October 1, 2047. Interest payments of $8,313 to $264,791 are due semiannually on October 1 and April 1 through October 1, 2047. Interest rates range from 3.00% to 4.00%.

See the disclosure of pledged revenues and payments under the Series 2012 Bonds footnote above.

Revenue Bonds (Refunding and Water System Improvement Project), Series 2020: In July 2020, $40,175,000 in West Sacramento Financing Authority Revenue Bond, Series 2020 were issued to partially refund the West Sacramento Financing Authority Revenue Bonds (Refunding and Water System Improvement Project), Series 2012. The bonds are secured by the revenues of the Water Enterprise Fund. Principal payments of $565,000 to $3,840,000 are due annually on October 1 through October 1, 2034. Interest payments of $40,512 to $506,776 are due semiannually on October 1 and April 1 through October 1, 2034. Interest rates range from 2.110% to

2.580%. The City has pledged future water customer revenues, net of specified operating expenses, to repay all of the City’s Water Revenue Bonds through 2024. See the disclosure of pledged revenues and payments under the Series 2012 Bonds footnote above.

Port Construction Note: On August 1, 2003, the Sacramento-Yolo Port District entered into a construction note with a bank in the amount of $4,294,183 to finance a storm water collection and treatment system. The Port is required to collect net operating and other revenues equal to 125% of the debt service payments on the note. Principal payments ranging from $98,562 to $239,267 are due annually on August 1 through 2030. Interest payments of $4,151 to $61,868 are due semiannually on February 1 and August 1 through August 1, 2030 at an interest rate of

3.73%. The Port has pledged future operating and other revenues, net of specified operating expenses, to repay the Port Construction Note through August 2030. The Port Enterprise Fund’s total principal and interest remaining to be paid on the notes is $2,078,762. The Port Enterprise Fund’s principal and interest paid for the current year and total customer net revenues were $246,792 and $1,266,056, respectively; therefore, approximately 20% of the Port Fund’s revenue is pledged.

Sewer Notes Payable: In April 2004, the City entered into an agreement for sewer improvements with the State of California State Water Resources Control Board in the amount of $1,819,129. The note is due in annual installments of $90,956 through July 7, 2024. Interest has been capitalized as part of the note amount.

Solar Panels Finance Purchase: On March 10, 2016 the City executed a financing agreement Banc of America Public Capital in the amount of $3,984,982 to finance the purchase of solar panels installed at City Halll. As indicated in the Governmental Activities section above the Water Fund has a twenty-five percent (25%) interest in purchased equipment representing solar panels on water tanks and the related obligation. The Water Fund’s share of the liability amount is $996,246. Its share of the principal payments are $12,009 to $39,294 and interest payments of $529 to $6,030, which are due semi-annually on June 1 and December 1 through June 1, 2031. The agreement bears an interest rate of 2.69%.
86 400

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 12: LONG-TERM LIABILITIES (CONTINUED)
US Bank Finance Purchase: On October 30, 2015 the City issued $1,228,812 of debt to finance the purchase of Public Works equipment. As indicated in the Governmental Activities section above the Sewer Fund and Water Fund have an interest in the purchased equipment and related obligation of fifty-three percent (53%) and twenty percent (20%) respectively. The Sewer Fund’s share of the liability amount it is $652,111 and the Water Funds Share is $242,674. The Sewer Fund’s share of the principal payments are $58,849 to $71,786 with interest payments of $1,568 to $12,937. The Water Fund’s share of the principal payments are $22,207 to $27,089 with interest payments of $592 to $4,882. The payments are due annually on October 30 through 2024. The loan bears an interest rate of 2.23%.

Events of Default with Finance Related Consequences
Upon the occurrence of an event of default under the bond covenants the owner of the bonds is entitled to enforce the covenants and agreements of the City by mandamus suit or other proceeding at law or in equity for only the pledged revenues specified in the covenants. In addition, the Trustee has the right to accelerate the total unpaid principal amount outstanding and interest accrued thereon.

The debt service requirements for the City’s bonds, loans, notes, and financed purchases are as follows:

June 30 Principal Interest Principal Interest
2024 $ 770,753 $ 138,222 $ 770,753 $ 138,222
2025 716,448 116,890 716,448 116,890
2026 698,898 97,624 698,898 97,624
2027 575,091 78,644 575,091 78,644
2028 590,861 62,874 590,861 62,874
2029-2033 1,853 ,939 94,192 1,853,939 94,192
Totals $ 5,205,990 $ 588,446 $ 5,205,990 $ 588,446
June 30 Principal Interest Principal Interest Principal Interest 2024 $ 3,735,000 $ 1,653,636 $ 441,538 $ 59,325 $ 4,176,538 $ 1,712,961 2025 3,860,000 1,520,112 452,032 48,709 4,312,032 1,568,821 2026 3,790,000 1,411,197 273,276 37,765 4,063,276 1,448,962 2027 3,880,000 1,319,080 282,235 28,683 4,162,235 1,347,763 2028 3,970,000 1,224,592 291,491 19,300 4,261,491 1,243,892 2029-2033 21,300 ,000 4,622,031 456,140 34,150 21,756,140 4,656,181 2034-2038 11,785 ,000 2,386,620 - 11,785,000 - 2,386,620 2039-2043 4,960 ,000 1,466,202 - 4,960,000 - 1,466,202
2044-2048 5,885 ,000 528,955 - 5,885,000 - 528,955
Totals $ 63,165,000 $ 16,132,425 $ 2,196,712 $ 227,932 $ 65,361,712 $ 16,360,357 Governmental Activities
Business-Type Activities
Bonds Financed Purchases, Notes, Loans Total Business-Type Activities Financed Purchases, Loans Total Governmental Activities 87 401

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 13: NET POSITION AND FUND BALANCE (CONTINUED)
At June 30, 2023, the governmental funds report the following fund balance classifications:

NOTE 14: JOINT POWERS AUTHORITY
The City also participates in the West Sacramento Area Flood Control Agency (the Flood Control Agency). The Flood Control Agency was established on July 20, 1994 under a joint exercise of powers agreement between the City, Reclamation District No. 900 and Reclamation District 537 to provide a coordinated regional effort to finance and provide facilities and works necessary to ensure not less than the minimum level of flood protection, as defined by the Federal Emergency Management Agency, exists within the boundaries of the Flood Control Agency. The Board of Directors is comprised of a City Council member and one trustee from each of the participating Reclamation Districts. Upon termination of the joint exercise of powers agreement, any surplus funds on hand will be returned to the participants in proportion to the contributions made to the Flood Control Agency.

The Flood Control Agency is authorized, through its participants, to impose special assessments for flood control purposes. The City accounts for the special assessments as well as a reimbursement payable to the Flood Control Agency for costs incurred by its members prior to its formation in the Flood Control Agency Fund.

Low Mod Income Total Total
HCD Block Housing City Capital Nonmajor Governmental
General Fund Grant Fund Asset Fund Projects Fund Funds Funds Nonspendable
Notes and loans receivable $ 272,361 $ - $ - $ - $ 272 - $ ,361 Leases 38,719 - - - - 38,719
Land held for resale 3,220,184 - - - 3 - ,220,184
Prepaid costs 826,449 - - 1,710,757 - 2,537,206
Advances to other funds 4,550,754 - - 10 - ,283,040 14,833,794 Total nonspendable 8,908,467 - - 11 - ,993,797 20,902,264 Restricted
Low income housing projects 32 - ,762,404 32,792,697 - 65 - ,555,101 Community Facilities Districts Capital Projects - - - 6,518,009 - 6,518,009 Landscaping and street lighting projects - - - 8,218,329 - 8,218,329 Technology impact fees - - - 717,949 - 717,949
Cable - - - 923,257 - 923,257
Public art - - - - 44,057 44,057
Capital improvements - - - 57 - ,527,663 57,527,663
Debt service - - - 1,257,019 - 1,257,019
Transit activities - - - 253,962 - 253,962
Reclamation District - - - 11 - ,839,576 11,839,576
Total restricted 32 - ,762,404 32,792,697 87 - ,299,821 152,854,922 Committed
Operations & Maintenance Measure K 5,533,720 - - - 5 - ,533,720 Operations & Maintenance Measure V 11,586,682 - - - 11 - ,586,682 Measure E 3,046,894 - - - 3 - ,046,894
Measure N 6,813,095 - - - 6 - ,813,095
Community programs 4,209,543 - - 1,187,120 - 5,396,663
Public safety programs and projects - - - - 56,422 56,422 Equipment and maintenance - - - 6,671,479 - 6,671,479
Capital Projects - - 58,109,398 - 11,801,076 69,910,474 Other post employment benefits - - - 148,799 - 148,799
Total committed 31,189,934 - 58,109,398 - 19,864,896 109,164,228 Assigned
Council projects - - - 677,446 - 677,446
Total assigned - - - 677,446 - 677,446
Unassigned (deficit) 25,030,049 - - (6 - ,087,704) 18,942,345 Total fund balances (deficits) $ 65,128,450 $ 32,762,404 $ 32,792,697 $ 58,109,398 $ 113,748,256 $ 302,541,205 88 402

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 14: JOINT POWERS AUTHORITY (CONTINUED)
The Flood Control Agency does not meet the definition of a component unit because it has a separate governing body, the City is not financially accountable for it, there is no financial benefit or burden relationship and it does not operate solely for the benefit of the City. Separate financial statements are issued by the Flood Control Agency and are available at the City’s Finance Department or at www.cityofwestsacramento.org.

NOTE 15 LEASES AND SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS The City has entered into various lease agreements as lessee for the acquisition and use of buildings, equipment, and vehicles. The terms of these leasing arrangements range from 1.29% to 12.07%. As of June 30, 2023, the total value of the lease liability was $1,744,480. The City is required to make monthly principal and interest payments ranging from $106 to $10,372. Information on the lease assets as of June 30, 2023 are as follows:

The future principal and interest lease payments as of June 30, 2023, were as follows:

Amount of
Leased Capital Accumulated
Lease Type Major Class of Underlying Asset Assets Amortization Building lease Lease assets $ 1,055,488 $ 449,152
Equipment lease Lease assets 462,829 221,086
Vehicle lease Lease assets 1,059,781 233,345
Subtotal - governmental activities 2,578,098 903,583
Amount of
Leased Capital Accumulated
Lease Type Major Class of Underlying Asset Assets Amortization Vehicle lease Lease assets 49,599 39,580
Subtotal - business-type activities 49,599 39,580
Total $ 2,627,697 $ 943,163
Governmental Activities
Business-type Activities
Fiscal Year
Ending
June 30, Principal Interest Principal Interest Principal Interest 2024 $ 417,691 $ 96,551 $ 11,567 $ 2,186 $ 429,258 $ 98,737 2025 328,571 51,769 - 328,571 - 51,769
2026 268,463 30,280 - 268,463 - 30,280
2027 184,171 18,062 - 184,171 - 18,062
2028 138,254 12,629 - 138,254 - 12,629
2029-2033 395,763 16,415 - 395,763 - 16,415
Totals $ 1,732,913 $ 225,706 $ 11,567 $ 2,186 $ 1,744,480 $ 227,892 Governmental Activities Business-type Activities Total
89 403

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 15 LEASES AND SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS (CONTINUED)
B. Subscription-Based Information Technology Arrangements The City implemented GASB Statement No. 96 in the fiscal year ended June 30, 2023. The primary objective of this statement is to enhance the relevance and consistency of information about governments' subscription based-information technology arrangement (SBITA) activities. This statement establishes a single model for SBITA accounting based on the principle that SBITAs are financings of the right to use an underlying asset. Under this Statement, a subscriber is required to recognize a subscription liability and an intangible right-to-use subscription asset, For additional information, refer to the disclosures below.

The City has entered into various SBITAs as the subscriber for the use of software as a service. An initial subscription liability was recorded in the amount of $669,622 during the current fiscal year. The terms of these subscriptions range from 2 to 5 years. As of June 30, 2023, the total value of the subscription liability was $547,954.

The City is required to make annual fixed payments ranging from $2,356 to $41,400. The subscriptions have interest rates ranging from 2.35% to 2.70%. Information on the subscription assets as of June 30, 2023 are as follows:

The future principal and interest subscription payments as of June 30, 2023, were as follows:

Amount of
SBITA Capital Accumulated
Assets Amortization
$ 396,446 $ 83,500
Subtotal - governmental activities 396,446 83,500
Amount of
SBITA Capital Accumulated
Assets Amortization
273,176 50,480
Subtotal - business-type activities 273,176 50,480
Total $ 669,622 $ 133,980
Subscription Type
Software as a service
Governmental Activities
Business-type Activities
Subscription Type
Software as a service
Fiscal Year
Ending
June 30, Principal Interest Principal Interest Principal Interest 2024 $ 77,625 $ 7,794 $ 44,354 $ 5,887 $ 121,979 $ 13,681 2025 90,860 6,114 46,707 4,730 137,567 10,844
2026 58,386 3,892 49,144 3,511 107,530 7,403
2027 59,845 2,432 51,667 2,226 111,512 4,658
2028 36,917 936 32,449 875 69,366 1,811
Totals $ 323,633 $ 21,168 $ 224,321 $ 17,229 $ 547,954 $ 38,397 Governmental Activities Business-type Activities Total
90 404

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 16: SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF

WEST SACRAMENTO
In an effort to balance its budget, the State of California adopted ABx1 26 on June 28, 2011, as amended by AB1484 on June 27, 2012, which suspended all new redevelopment activities except for limited specified activities as of that date and dissolved redevelopment agencies on January 31, 2012.

Under the provisions of AB 1484, the City may elect to become the Housing Successor and retain the housing assets. The City elected to become the Housing Successor and on February 1, 2012, certain housing assets were transferred to the City’s Low Mod Income Housing Asset Special Revenue Fund. The activities of the Housing Successor are reported in the Low Mod Income Housing Assets Special Revenue Fund as the City has control of those assets, which may be used in accordance with the low and moderate income housing provisions of California Redevelopment Law.

The City also elected to become the Successor Agency and on February 1, 2012 the Redevelopment Agency’s remaining assets were distributed to and liabilities were assumed by the Successor Agency. ABx1 26 requires the establishment of an Oversight Board to oversee the activities of the Successor Agency and one was established in April 2012. The activities of the Successor Agency are subject to review and approval of the Oversight Board, which is comprised of seven members, including one member of City Council, one former Redevelopment Agency employee appointed by the Mayor and the remaining members are appointed by external agencies with an interest in Successor Agency assets. Pursuant to Senate Bill 107, on July 1, 2018, a single consolidated County Oversight Board was established for the four city Oversight Boards.

The activities of the Successor Agency are reported in the Successor Agency to the Redevelopment Agency Private-Purpose Trust Fund as the activities are under the control of the Oversight Board. The City provides administrative services to the Successor Agency to wind down the affairs of the former Redevelopment Agency, including paying debt service payments of existing Redevelopment Agency debt agreements. Currently, the last of the obligations of the former Redevelopment Agency will terminate in 2037.

The following disclosures of the Successor Agency as of June 30, 2023 are required by debt continuing disclosure requirements.

A. Capital Assets
Successor Agency capital asset activity was as follows for the year ended June 30, 2023:

Balance Balance
July 1, 2022 Additions Deletions June 30, 2023
Successor Agency:

Capital assets, not being depreciated
Land $ 592,925 $ - $ 592,925 - $
Total Successor Agency capital assets, net $ 592,925 $ - $ 592,925 - $ 91 405

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 16: SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF

WEST SACRAMENTO (CONTINUED)
B. Long-Term Liabilities
The following is a summary of changes in the Successor Agency’s long-term liabilities for the year ended June 30, 2023:
2014 Tax Allocation Refunding Bonds: On January 15, 2014, $58,766,588 in 2014 Tax Allocation Refunding Bonds were issued by the Successor to the Redevelopment Agency to refund the 1998 Tax Allocation Bonds maturing on or after September 1, 2015, and the portion of the 2004 Tax Allocation Revenue Bonds, Series A maturing on or before September 1, 2029. The bonds are secured by a lien on tax revenues. Principal payments of $1,058,994 to $5,414,106 are due annually on September 1 through 2029. Interest payments of $105,846 to $1,148,887 are due semiannually on March 1 and September 1 through September 1, 2029. The interest rate is

3.91%.
2014 Subordinate Tax Allocation Refunding Bonds: On September 30, 2014, $8,813,730 in 2014 Subordinate Tax Allocation Refunding Bonds were issued by the Successor Agency to refund the remaining 2004 Series A Tax Allocation Revenue Bonds maturing after September 1, 2029. The bonds are secured by a lien on Successor Agency tax revenues, which is subordinate to the lien on tax revenues that secure Senior Obligations, as defined.

Principal payments of $16,771 to $1,562,456 are due annually on September 1, 2015 through 2035. Interest payments of $33,671 to $189,936 are due semiannually on March 1 and September 1 through September 1, 2035.

The interest rate is 5.25% due semiannually on March 1 and September 1 through September 1, 2035. 2016 Subordinate Tax Allocation Refunding Bonds: On July 7, 2016, $20,705,000 in 2016 Subordinate Tax Allocation Refunding Bonds were issued by the Successor Agency to refund the 2007 Series A Revenue Bonds.

The bonds are secured by a lien on Successor Agency tax revenues, which is subordinate to the lien on tax revenues that secure Senior Obligations, as defined. Principal payments of $755,000 to $1,620,000 are due annually on September 1, 2019 through 2036. Interest payments of $24,300 to $456,125 are due semiannually on March 1 and September 1 through 2036. Interest rates range from 3.0% to 5.0%.

With the dissolution of the Redevelopment Agency discussed above, Tax Increment is no longer distributed, and housing set-aside amounts are no longer required, and instead the Successor Agency receives payments from the County’s Redevelopment Property Tax Trust Fund (RPTTF) that are to be used to fund debt service on the Bonds, with no distinction between housing and non-housing revenues. The Agency has pledged future tax revenues to repay all of the Agency’s Revenue and Tax Allocation Bonds through 2036. The Agency’s total principal and interest remaining to be paid on all Revenue and Tax Allocation Bonds combined was $74,084,770 at June 30, 2023. The Agency’s principal and interest paid during the current year for all Revenue and Tax Allocation Bonds combined was $7,594,793 during the year ended June 30, 2023.

The pledged revenues reported above represents tax revenues deposited into the Redevelopment Property Tax Trust Fund administered by the County of Yolo Auditor-Controller’s Office, less property tax administration fees and tax sharing payments made to other local agencies as required under Community Redevelopment Law (net pledged Amount
Balance Balance Due Within
July 1, 2022 Additions Deletions June 30, 2023 One Year Successor Agency
Tax Allocation Bonds
2014 Tax Allocation Refunding Bonds 37,047,131 $ - $ 3,990,593 $ 33,056,538 $ 4,148,325 $ 2014 Tax Allocation Subordinate Refunding Bonds 8,656,201 - 21,603 8,634,598 22,534 2016 Tax Allocation Subordinate Refunding Bonds 18,350,000 - 860,000 17,490,000 900,000 Unamortized bond (premiums)/discounts 2,541,079 - 180,860 2,360,219 180,860 Total bonds payable 66,594,411 - 5,053,056 61,541,355 5,251,719 Notes payable 1,001,352 - 150,992 850,360 157,032
Total Successor Agency 67,595,763 $ - $ 5,204,048 $ 62,391,715 $ 5,408,751 $ 92 406

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 16: SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF

WEST SACRAMENTO (CONTINUED)
tax increment revenues). A portion of the net pledged tax increment revenues are made available to the Agency under the ROPS process described in Note 15. below. The net pledged tax increment revenues reported above are not intended to represent the amount received by the Agency and reported in the Successor Agency PrivatePurpose Trust Fund. Although the Agency does not receive all of the net pledged tax increment revenues, additional revenues would be available to the Agency in the future if necessary to make debt service payments.

Notes Payable: On July 12, 2006, the Redevelopment Agency entered into an agreement with RMC Pacific Materials, Inc. to relocate and relinquish the right to receive rail service at the Cemex cement plant located at 1501 South River Road in exchange for 20 annual payments of $191,054 beginning November 7, 2009. The payments include interest imputed at 4%.

The debt service requirements for the Successor Agency’s bonds and notes are as follows:

Commitments and Contingencies
State Approval of Enforceable Obligations - The Successor Agency prepares a Recognized Obligation Payment Schedule (ROPS) semiannually that contains all proposed expenditures for the subsequent six-month period. The ROPS is subject to the review and approval of the Oversight Board as well as the State Department of Finance.

The amount, if any, of current obligations that may be denied by the State Department of Finance cannot be determined at this time. The City expects such amounts, if any, to be immaterial.

State Asset Transfer Review - Pursuant to Health and Safety code section 34167.5, the activities of the former Redevelopment Agency and the Successor Agency were subject to further examination by the State of California and the amount, if any, of expenditures which may be disallowed by the State cannot be determined at this time.

In November 2012, the State Controller’s Office completed the Asset Transfer Review for the period of January 1, 2011 through January 31, 2012. The State concluded that the City of West Sacramento did not need to reverse any transfer of assets.

Long Range Property Management Plan - Health and Safety Code 34191.5 (b) required that the Successor Agency, upon receipt of a Finding of Completion, prepare a Long Range Property Management Plan (LRPMP) to address the disposition and use of the 12 remaining real properties of the former redevelopment agency. The Oversight Board approved the LRPMP on October 23, 2013.

Pledged Revenue - In addition to the pledge of revenues for all Bonds described above, the former Redevelopment Agency pledged certain revenues for the payment of debt service on bonds issued by Community Facilities District No. 12 (Raley’s Field), which is reported as a custodial fund in the City’s financial statements. As stated in Note 8, the bond is a special assessment bond and the City and Successor Agency are in no way liable for repayment of this Bond. Beginning in 2000, the former Redevelopment Agency agreed to pay an amount equal to $189,057, less the amount of special taxes levied during each year through 2029. In June 30 Principal Interest Principal Interest
2024 $ 5,070,859 $ 2,327,477 $ 157,032 $ 34,022
2025 5,282,462 2,114,921 163,314 27,740
2026 5,515,912 1,893,171 169,846 21,208
2027 5,750,879 1,661,742 176,640 14,414
2028 6,000,953 1,420,254 183,528 7,348
2029-2033 20,899,007 3,826,638 - -
2034-2038 10,661,064 704,339 - -
Totals $ 59,181,136 $ 13,948,542 $ 850,360 $ 104,732
Tax Allocation Bonds Notes Payable
93 407

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 16: SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF

WEST SACRAMENTO (CONTINUED)
addition, beginning in 2002, the Redevelopment Agency agreed to pay $224,000 through 2029. This amount will be increased or decreased by the percentage change in assessed valuation of property within CFD No. 12 from the prior year’s valuation. The revenue is now collected by the Successor Agency Private Purpose Trust Fund and the pledge of revenues has been assumed by the Successor Agency. The amount of revenue collected for the year ended June 30, 2023 totaled $9,262,767.

Potential Contamination - The Successor Agency identified a property known as the Tower Court property that is potentially contaminated and may need remediation. The property, formerly the site of an auto repair shop, was identified as having elevated lead concentrations in the soil. An Environmental Oversight Agreement exists between the Successor Agency and the California Department of Toxic Substances Control to coordinate to clean up the site prior to development. The potential remediation costs for the sight are currently under investigation.

Tax Abatement
The Successor Agency has two agreements approved by the Successor Agency Board of Directors to rebate tax increment revenues collected on to two properties developed by two private entities. The agreement provided an incentive to make the improvements necessary to develop Raley’s Field, a minor league baseball park, and a corporate headquarters of a local company. The tax increment is collected by the Successor Agency and returned to the entities under the agreement.

One agreement ends May 6, 2037 and requires 100% of the tax increment collected on the related property to rebated semi-annually and the second agreement is effective for the term of the special tax bonds for CFD 12 used to build Raley’s Field that is payable through the fiscal year ending September 1, 2029 in the amount of the debt service payments that is paid within 10 days of the debt service payments being made. The agreement resulted in payments of $905,926 being made by the Successor Agency during the year ended June 30, 2023. The City receives approximately 47% of the tax increment revenue distributed by the Successor Agency each year, which results a loss of tax revenues by the City of approximately 47% of the payments above.

NOTE 17: SERVICE CONCESSION ARRANGEMENT
A. Port Operating Agreement
Effective July 1, 2013, the Port executed a Master Lease and Terminal Operations Management Agreement (the Agreement) with SSA Pacific (SSA) SSA for the Port’s North Terminal developed maritime facilities. Control of the Port’s real estate operations and related real estate lease agreements were retained by the Port. Under the Agreement, the wharfage and dockage revenue is retained by SSA and SSA is responsible for all operating and maintenance costs of the leased facilities. Agreements with outside parties related to operating the leased facilities were assigned to SSA. The Port was responsible for payment of one-half of the cost of perimeter fencing around the leased facilities as well as insurance and maintenance costs under the Agreement.

The Port is entitled to receive $650,000 per year in rent for five years plus 25% of the SSA’s wharfage and dockage revenues exceeding $2 million under the Agreement. The rent is due on a monthly basis on the first day of each month and is subject to yearly increases of 1%. SSA agreed forgive $900,000 in Port debt related to previous improvements to the maritime facilities, and to purchase the Port’s PM10 air credits for $50,000 under the Agreement. The Agreement may be extended for three additional five-year periods, including one five-year period at the option of SSA, assuming SSA is not in default, and two five-year periods upon the mutual consent of the Port and SSA.

The Port has also agreed to consider the value of any significant capital investments by SSA in the leased facilities when making the decision whether to further extend the agreement with SSA, but in no case will the term of the agreement exceed fifty years.
94 408

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 17: SERVICE CONCESSION ARRANGEMENT (CONTINUED)
The City determined the most likely lease term was ten years and used the lease revenue and operating and maintenance expenses through June 30, 2023 in this transaction. The deferred inflows of resources are also being amortized over the same ten-year period and the net difference in the principal portion of the cash received for lease payments and cash paid for operating and maintenance expenses is trued-up through the deferred inflows of resources each year and amortized over the remaining portion of the ten-year period. Unamortized deferred inflows of resources under the agreement at June 30, 2023 were $39,453. SSA must return the facilities to the Port at the end of the agreement, so the Port will not depreciate the facilities under the lease and will record any capital additions made by SSA during the lease term according to GASB Statement No. 60.

NOTE 18 PRIOR PERIOD ADJUSTMENTS
A. Changes to or within the Reporting Entity
The CDD Grants Fund was previously reported as a sub-fund of the Special Purpose Fund during the prior fiscal year. During the fiscal year ended June 30, 2023, the City elected to report the CDD Grants Fund as its own special revenue fund and to correct miscellaneous transactions recorded in previous fiscal years. As a result, the fund balance as of June 30, 2022 for the Special Purpose Fund and the CDD Grants Fund were restated by $95,900 and ($95,084), respectively. The effects of that change to or within the financial reporting entity are shown in the following table.

B. Correction of an Error in Previously Issued Financial Statements During fiscal year 2023, the City determined that a partial land sale recorded during fiscal year 2015 inadvertently removed the entire land asset owned by the City. Therefore, capital assets were understated by $777,657. In addition, it was determined that during fiscal year 2022, construction-in-progress expenses were erroneously capitalized for the City rather than the West Sacramento Area Flood Control Agency. Therefore, capital assets were overstated by $2,537,360. The effects of these corrections are shown in the following table.

During fiscal year 2023, the City determined that there was loan activity from prior years in the HCD – Block Grant Fund and Low Moderate Income Housing Fund that were inadvertently omitted from the Annual Comprehensive Financial Reports. The correction of this activity resulted in a restatement of fund balance as of June 30, 2022 in the HCD – Block Grant Fund and Low Moderate Income Housing Fund in the amount of $213,035 and ($167,409), respectively.

During fiscal year 2023, the City determined that there were items incorrectly recorded in the prior year related to the GASB 68 net pension liability and related deferred inflows and outflows. The correction of this activity resulted in a restatement of net position as of June 30, 2022 in the Water Fund in the amount of ($14,946).

During the fiscal year 2023, the City determined that there were items incorrectly recorded within the WSAFCA JPA Construction Custodial Fund that were inadvertently duplicated from a non-major Capital Projects Fund. The correction of this activity resulted in a restatement of net position as of June 30, 2022 in the Custodial Fund in the amount of ($7,112,133).

C. Change in Accounting Principle
For the fiscal year ended June 30, 2023, the City restated the beginning net position of the Custodial Funds by ($36,598,965) and Private Purpose Trust Funds by ($9,707). These prior period adjustments were made to correct the implementation of GASB Statement No. 84, done during prior years. Further clarifications received from the GASB Board subsequent to the issuance of the prior year’s financial statements resulted in the removal of cash held for future bond repayment of conduit debt from Net Position. These amounts are now reflected as a current liability, Due to External Parties/Other Agencies within the Custodial Funds and Private Purpose Trust Funds. 95 409

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 18 PRIOR PERIOD ADJUSTMENTS (CONTINUED)
D. Adjustments to and Restatements of Beginning Balances During fiscal year 2023, changes to or within the financial reporting entity, an error correction, and the change in accounting principle resulted in adjustments to and restatements of beginning net position and fund net position, as follows:

June 30, 2022 Changes to or Changes in
As Previously within the Error Accounting June 30, 2022 Reported Reporting Entity Correction Principle As Restated Government-wide
Governmental activities $ 565,040,214 $ - $ (1,714,778) $ - $ 563,325,436 Business-type activities 131,224,522 - (14,946) - 131,209,576 Total government-wide $ 696,264,736 $ - $ (1,729,724) $ - $ 694,535,012 Governmental funds
Major funds
General fund $ 66,168,055 $ - $ - $ 66 - $ ,168,055
HCD - Block Grant 25,779,167 - 213,035 25 - ,992,202
Low Moderate Income Housing 32,921,822 - (167,409) 32 - ,754,413 City Capital Projects 31,079,235 - - 31 - ,079,235
Nonmajor funds 119,228,915 - - - 119,228,915
Total governmental funds $ 275,177,194 $ - $ 45,626 $ - $ 275,222,820 Proprietary funds
Major funds
Sewer Fund $ 38,579,810 $ - $ - $ 38 - $ ,579,810
Water Fund 52,086,418 - (14,946) 52 - ,071,472
Refuse Fund 6,162,994 - - 6 - ,162,994
Port Operations 34,395,300 - - 34 - ,395,300
Total proprietary funds $ 131,224,522 $ - $ (14,946) $ - $ 131,209,576 Fiduciary funds
Private-purpose trust fund $ (56,828,931) $ - $ - $ (9,707) $ (56,838,638) Custodial funds 54,840,669 (7 - ,112,133) (36,598,965) 11,129,571 Total fiduciary funds $ (1,988,262) $ - $ (7,112,133) $ (36,608,672) $ (45,709,067) 96 410

CITY OF WEST SACRAMENTO
Notes to the Financial Statements
Year Ended June 30, 2023
NOTE 19: SUBSEQUENT EVENTS
The City evaluated subsequent events for recognition and disclosure through March 29, 2024, the date which these financial statements were available to be issued. Management concluded that no material subsequent events have occurred since June 30, 2023 that required recognition or disclosure in the financial statements. 97 411

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98 412
5(48,5('6833/(0(17$5<,1)250$7,21
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100
414

CITY OF WEST SACRAMENTO
Budegetary Comparison Statement
General Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 66,168,055 $ 66,168,055 $- 66,168,055 $ Resources (Inflows):

Taxes 80,028,601 86,800,160 92,999,770 6,199,610
Licenses and permits 2,352,919 1,278,435 1,420,927 142,492 Intergovernmental 3,846,795 2,728,823 2,355,098 (373,725) Contribution from property owners 200 200 381 181
Charges for services 4,826,618 4,585,066 5,056,252 471,186 Use of money and property 1,001,425 951,425 1,222,099 270,674 Fines and forfeitures 129,244 185,000 220,718 35,718
Contributions - - 153,030 153,030
Miscellaneous 172,200 199,225 139,367 (59,858)
Transfers in 24,094,545 25,724,925 11,676,379 (14,048,546) Leases issuance - - 451,838 451,838
Subscriptions issuance - - 351,055 351,055
Proceeds from sale of capital asset 19,650 19,650 19,214 (436) Amounts Available for Appropriation 182,640,252 188,640,964 182,234,183 (6,406,781) Charges to Appropriation (Outflow):

General government 27,396,719 30,158,009 21,559,882 8,598,127 Public safety 39,922,742 43,740,782 41,774,353 1,966,429 Community development 822,716 1,065,224 1,067,852 (2,628) Parks and recreation 8,751,386 9,118,703 8,103,584 1,015,119 Public works 9,889,055 11,017,149 6,929,321 4,087,828
Capital outlay - - 7,530,209 (7,530,209)
Debt service:

Principal retirement - - 542,129 (542,129)
Interest and fiscal charges 20,000 20,000 91,840 (71,840) Transfers out 38,198,270 42,794,508 29,506,563 13,287,945 Total Charges to Appropriations 125,000,888 137,914,375 117,105,733 20,808,642 Budgetary Fund Balance, June 30 $ 57,639,364 $ 50,726,589 $ 65,128,450 $ 14,401,861 101
415

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
HCD - Block Grant
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 25,992,202 $ 25,992,202 $- 25,992,202 $ Resources (Inflows):

Intergovernmental 118,088 118,088 684,743 566,655
Contribution from property owners - - 100,000 100,000
Charges for services - - 2,528,927 2,528,927
Use of money and property 124,850 131,250 274,038 142,788 Transfers in 364,653 364,653 364,653 -
Proceeds from sale of capital asset - - 9,713,809 9,713,809 Amounts Available for Appropriation 26,599,793 26,606,193 39,658,372 13,052,179 Charges to Appropriation (Outflow):

Housing rehabilitation 5,773,490 16,061,579 6,469,294 9,592,285 Transfers out 5,900 1,411,311 426,674 984,637
Total Charges to Appropriations 5,779,390 17,472,890 6,895,968 10,576,922 Budgetary Fund Balance, June 30 $ 20,820,403 $ 9,133,303 $ 32,762,404 $ 23,629,101 102
416

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Low Moderate Income Housing Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 32,754,413 $ 32,754,413 $- 32,754,413 $ Resources (Inflows):

Use of money and property 12,850 2,000 38,402 36,402
Contributions - - 6,357 6,357
Amounts Available for Appropriation 32,767,263 32,756,413 32,799,172 42,759 Charges to Appropriation (Outflow):

Community development - - 6,475 (6,475)
Total Charges to Appropriations - - 6,475 (6,475)
Budgetary Fund Balance, June 30 $ 32,767,263 $ 32,756,413 $ 32,792,697 $ 36,284 103
417

CITY OF WEST SACRAMENTO
Schedule of Changes in Net Pension Liability and Related Ratios Miscellaneous Plan
As of June 30, for the Last Ten Fiscal Years 1
2023 2022 2021 2020
Measurement Date 6/30/2022 6/30/2021 6/30/2020 6/30/2019

TOTAL PENSION LIABILITY
Service cost 3, 3,636,502 3, 128,556 014,115 2,946,749
Interest on total pension liability 10,831,489 10,304,714 9,783,332 9,334,837 Changes of benefit terms - - - -
Changes of assumptions - 5,876,038 - -
Difference between expected and actual experience 153,504 ( 711,754 244,985) 1,232,902 Benefit payments, including refunds of employee
contributions (7,226,905) (6,494,235) (6,054,458) (5,540,860) Net change in total pension liability 13,270,628 7,650,789 6,498,004 7,973,628 Total pension liability-beginning 152,743,755 145,092,966 138,594,962 130,621,334 Total pension liability-ending (a) 166,014,383 152, 145, 743,755 092,966 138,594,962

PLAN FIDUCIARY NET POSITION
Contributions-employer 4, 5,227,083 4, 850,873 397,555 3,795,683 Contributions-employee 1, 1,549,231 1, 454,515 395,359 1,308,445 Net investment income 23,688,912 (9,663,853) 5, 031,113 6,161,623 Benefit payments, including refunds of employee
contributions (7,226,905) (6,494,235) (6,054,458) (5,540,860) Net plan to plan resource movement 10,917 - - -
Administrative expense ( (79,130) ( 103,520) 139,595) (66,393) Other miscellaneous income/(expense) - - - -
Net change in fiduciary net position (10,182,657) 23,396,545 4,629,974 5,658,498 Plan fiduciary net position-beginning 127,026,386 103,629,841 98,999,867 93,341,369 Plan fiduciary net position-ending (b) 127, 116,843,729 103, 026,386 629,841 98,999,867 Net pension liability/(asset) (a) - (b) 49,170,654 25,717,369 41,463,125 39,595,095 Plan fiduciary net position as a percentage of the
total pension liability 70.4% 83.2% 71.4% 71.4%
Covered payroll $ 19,383,866 $ 18,468,840 $ 19,045,477 $ 17,285,967 Plan net pension liability/(asset) as a percentage of
covered payroll 253.7% 139.2% 217.7% 229.1%
Notes to Schedule of Changes in the Net Pension Liability and Related Ratios:
1 Fiscal year 2015 was the first year of GASB Statement No. 68 implementation; therefore only nine years are shown.

Benefit Changes : 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.

Changes of Assumptions : None in 2020-2022. In 2019, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Assumptions December 2017. There were no changes in the discount rate. In 2018, the discount rate was reduced from 7.65% to 7.15%. In 2017, there were no changes. In 2016, amounts reported reflect an adjustment of the discount rate from 7.50% (net of administrative expense) to 7.65% (without a reduction for pension plan administrative expense). In 2015, amounts reported were based on the

7.50% discount rate.
104
418
2019 2018 2017 2016 2015
6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2014
2,904,042 2,954,295 2,674,614 2,556,177 2,590,467
8,792,399 8,452,381 8,066,337 7,653,951 7,272,888
- - - - -
(840,317) 7,203,552 (1, - 969,754) -
(856,846) (792,573) (795,717) (1,118,053) -
(5,187,400) (4,670,394) (4,367,508) (3,798,428) (3,558,794) 4,811,878 5,577,726 13,147,261 3, 6, 323,893 304,561
125,809,456 112,662,195 107,084,469 103,760,576 97,456,015 130,621,334 112,662,195 125,809,456 107,084,469 103,760,576 3,390,005 3,219,379 3,052,035 2,795,566 2,491,490
1,266,743 1,279,199 1,261,639 1,228,203 1,284,689
7,393,264 8,804,045 415,371 1,744,308 11,269,598
(5,187,400) (4,670,394) (4,367,508) (87,310) -
- - - - -
(391,104) (115,683) (47,561) (3,798,428) (3,558,794)
- - - - -
8,516,546 6,471,508 1, 313,976 11, 882,339 486,983
86,869,861 78,353,315 78,039,339 76,157,000 64,670,017
93,341,369 86,869,861 78,353,315 78,039,339 76,157,000
37,279,965 38,939,595 34,308,880 29,045,130 27,603,576

71.5% 69.0% 69.5% 72.9% 73.4%
$ 17,332,326 $ 17,161,678 $ 16,668,162 $ 15,645,379 $ 15,564,905 215.1% 226.9% 205.8% 185.6% 177.3%
105
419

CITY OF WEST SACRAMENTO
Schedules of Proportationate Share of Net Pension Liability Safety Plan
As of June 30, for the Last Ten Fiscal Years 1
Proportionate Share Plan's Fiduciary
Proportion of the Proportionate of the Net Pension Net Position as a Reporting Date 2 Net Pension Share of Net Liability as a % of % of the Total as of June 30, Liability Pension Liability Covered Payroll Covered Payroll Pension Liability 2023 0.8526% $ 58,590,038 $ 13,046,245 449.1% 75.5%
2022 0.8863% 31,104,341 16,939,668 183.6% 83.4%
2021 0.7525% 50,135,654 16,098,239 311.4% 71.7%
2020 0.7300% 45,571,508 15,174,661 300.3% 73.3%
2019 0.7146% 41,926,786 12,694,293 330.3% 73.7%
2018 0.6916% 41,321,437 12,460,506 331.6% 72.8%
2017 0.6931% 35,897,922 12,156,596 295.3% 74.2%
2016 0.6731% 27,735,405 11,780,995 235.4% 78.9%
2015 0.6339% 23,778,042 12,111,651 196.3% 81.4%
Notes to Schedule of Proportionate Share of the Net Pension Liability:
1 Fiscal year 2015 was the first year of GASB Statement No. 68 implementation; therefore only nine years are shown. 2 The proportions and proportionate share of the net pension liability are measured as of one year behind the reporting date. Refer to notes to basic financial statements.

Benefit Changes : None
Changes of Assumptions : None
106
420

CITY OF WEST SACRAMENTO
Miscellaneous and Cost Sharing Plan
Schedules of Plan Contributions
As of June 30, for the Last Ten Fiscal Years 1
Contribution as a
Fiscal Year Actuarially Actual Contribution Covered/ % of Covered/ Ending Determined Employer Deficiency Covered-Employee Covered Employee June 30, Contribution Contributions (Excess) Payroll Payroll 2023 $ 5,227,083 $ 5,227,083 $ - $ 20,650,208 25.3%
2022 4,850,873 4,850,873 - 19,383,868 25.0%
2021 4,397,555 4,397,555 - 18,468,840 23.8%
2020 4,427,970 4,427,970 - 19,045,477 23.2%
2019 2,808,875 2,808,875 - 17,285,967 16.2%
2018 3,389,260 3,389,260 - 17,332,326 19.6%
2017 3,219,379 3,219,379 - 16,668,162 19.3%
2016 3,249,114 3,249,114 - 15,645,379 20.8%
2015 2,881,871 2,881,871 - 15,564,905 18.5%
2023 $ 6,878,131 $ 6,878,131 $ - $ 13,046,245 52.7%
2022 5,713,913 5,713,913 - 16,939,668 33.7%
2021 5,082,353 5,082,353 - 16,098,239 31.6%
2020 5,132,299 5,132,299 - 15,174,661 33.8%
2019 4,303,927 4,303,927 - 12,694,293 33.9%
2018 3,789,158 3,789,158 - 12,460,506 30.4%
2017 3,413,718 3,413,718 - 12,156,596 28.1%
2016 3,132,597 3,132,597 - 11,780,995 26.6%
2015 2,945,130 2,945,130 - 12,111,651 24.3%
Actuarial Cost Method: Entry Age Normal
mortization Method/Period:

Asset Valuation Method:

Inflation: 2.30%
Salary Increases:

Retirement Age:

Mortality:

Miscellaneous Agent, Multiple-Employer Pension Plan
Safety Cost-Sharing, Multiple-Employer Pension Plan
(1) Historical information is required only for measurement for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only nine years are shown.

The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019.

Pre-retirement and Post-retirement mortality rates include generational mortality improvement using 80% of Scale MP-2020.

The probabilities of Retirement are based on the 2021 CalPERS Experience Study for the period of 2001 to 2019.

The actuarial methods and assumptions used to set the actuarially Notes to Schedule of Plan Contributions:
g
Valuation Report.

Varies by Entry Age and Service
Market Value of Assets. For details, see June 30, 2021 Funding Valuation Report. 107
421

CITY OF WEST SACRAMENTO
Schedule of Changes in Net OPEB Liability and Related Ratios As of June 30, for the Last Ten Fiscal Years 1
2023 2022 2021 2020
Measurement Date 6/30/2022 6/30/2021 6/30/2020 6/30/2019

TOTAL OPEB LIABILITY
Service cost 764,702 744,835 1,081,227 1,152,117
Interest on total pension liability 2,298,860 2,213,144 2,743,612 2,585,017 Changes of benefit terms --- -
Changes of assumptions (304,353) 253,583 (3,424,480) (1,925,148) Difference between expected and actual experience (1,524,951) - (5,147,610) - Benefit payments, including refunds of employee
contributions (2,092,130) (2,034,182) (1,818,523) (1,717,697) Net change in total OPEB liability (857,872) 1,177,380 (6,565,774) 94,289 Total OPEB liability-beginning 30,117,296 28,939,916 35,505,690 35,411,401 Total OPEB liability-ending (a) 29,259,424 30,117,296 28,939,916 35,505,690

PLAN FIDUCIARY NET POSITION
Contributions-employer 2,092,130 2,451,162 3,446,373 2,514,355 Contributions-employee --- -
Net investment income (4,612,582) 6,806,695 776,605 1,217,128 Benefit payments, including refunds of employee
contributions (2,092,130) (2,034,182) (1,818,523) (1,717,697) Net plan to plan resource movement --- -
Administrative expense (23,046) (22,544) (19,624) (8,237) Other miscellaneous income/(expense) --- (8,939)
Net change in fiduciary net position (4,635,628) 7,201,131 2,384,831 1,996,610 Plan fiduciary net position-beginning 31,506,795 24,305,664 21,920,833 19,924,223 Plan fiduciary net position-ending (b) 26,871,167 31,506,795 24,305,664 21,920,833 Net OPEB liability/(asset) (a) - (b) 2,388,257 (1,389,499) 4,634,252 13,584,857 Plan fiduciary net position as a percentage of the
total OPEB liability 91.8% 104.6% 84.0% 61.7%
Covered-employee payroll $ 30, 31,353,560 $ 32, 209,899 $ 095,402 $ 31,236,401 Plan net OPEB liability/(asset) as a percentage of
covered-employee payroll 7.6% -4.6% 14.4% 43.5%
Notes to Schedule of Changes in the Net OPEB Liability and Related Ratios:
1 Fiscal year 2018 was the first year of GASB Statement No. 75 implementation; therefore only six years are shown.

Benefit Changes : None
Changes of Assumptions : None
108
422
2019 2018
6/30/2018 6/30/2017
1,163,030 1,130,527
2,442,530 2,186,281
- -
(1,587,653) -
3,425,905 -
(1,535,458) (1,404,450)
3,908,354 1,912,358
31,503,047 29,590,689
35,411,401 31,503,047
2,311,728 2,151,000
- -
1,412,245 1,623,962
(1,535,458) (1,404,450)
- -
(9,234) (7,905)
- -
2,179,281 2,362,607
17,744,942 15,382,335
19,924,223 17,744,942
15,487,178 13,758,105

56.3% 56.3%
$ 30,400,390 $ 26,329,910

50.9% 52.3%
109
423

CITY OF WEST SACRAMENTO
Other Post-Employment Benefit Plan
Schedules of Plan Contributions
As of June 30, for the Last Ten Fiscal Years 1
Contribution as a
Fiscal Year Actuarially Actual Contribution Covered/ % of Covered/ Ending Determined Employer Deficiency Covered-Employee Covered Employee June 30, Contribution Contributions (Excess) Payroll Payroll 2023 $ 1,825,573 $ 1,830,017 $ (4,444) $ 31,353,560 5.8% 2022 1,734,240 2,034,182 (299,942) 30,209,899 6.7%
2021 2,384,763 3,446,373 (1,061,610) 32,095,402 10.7%
2020 2,492,341 2,514,355 (22,014) 31,236,401 8.0%
2019 2,315,300 2,311,728 3,572 30,400,390 7.6%
2018 2,315,380 2,151,000 164,380 26,329,910 8.2%
Notes to Schedule:

Valuation Date: June 30, 2022
Actuarial Cost Method: Entry Age Normal, Level Percentage of Payroll Amortization Method: Closed Period, Level Percent of Pay Amortization Period: 20 Years
Discount Rate: 7.10% at June 30, 2022
General Inflation: 2.30% annually
Medical Trend:

Mortality: CalPERS 1997-2015 experience study
Mortality Improvement:

All Other Assumptions:

Actuarial methods and assumptions used to set the actuarially determined contribution for Mortality projected fully generational with Scale MP-2020 Same as those used to determine the total OPEB

6.50%, trending down to 3.73%
(1) Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years' information will be displayed up to 10 years as information becomes available. 110
424
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115
429

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments $ 1,641,801 $ 1,724,153 $ 885,142 $ 5,029,881 Receivables:

Accounts 105,827 35,952 35,887 -
Accrued interest 7,499 - 5,728 11,151
Deferred loans - - - -
Grants - - - -
Prepaid costs 777 - - 1,586,600
Due from other governments 118,335 2,697,967 - -
Due from other funds - - - -
Advances to other funds - - - -
Restricted assets:

Cash and investments with fiscal agents - - - 1,638,569 Total Assets $ 1,874,239 $ 4,458,072 $ 926,757 $ 8,266,201 Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable $ 52,320 $ 6,141 $ 3,500 $ 8,122
Accrued liabilities 39,706 - - -
Unearned revenues - - - -
Deposits payable - - - -
Due to other governments - 1,500,000 - -
Due to other funds - - - -
Advances from other funds - - - -
Total Liabilities 92,026 1,506,141 3,500 8,122
Deferred Inflows of Resources:

Unavailable revenues - 2,697,967 - -
Leases - - - -
Total Deferred Inflows of Resources - 2,697,967 - -
Fund Balances (Deficit):

Nonspendable 777 - - 1,586,600
Restricted 1,781,436 253,964 923,257 -
Committed - - - 6,671,479
Assigned - - - -
Unassigned (deficit) - - - -
Total Fund Balances (Deficit) 1,782,213 253,964 923,257 8,258,079 Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit) $ 1,874,239 $ 4,458,072 $ 926,757 $ 8,266,201 Special Revenue Funds
Road Fund Transit Fund Cable Fund
General
Equipment
Improvements
Fund
116
430

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
(Continued)
$ 349,346 $ 8,396,480 $ 32,319 $ 847,176
----
891 20,817 - 2,146
----
----
----
- 196,721 615 -
- 67,625 - -
----
----
$ 350,237 $ 8,681,643 $ 32,934 $ 849,322
$ 454,608 - $ 19,937 $ - $
- 3,702 12,700 -
-5,000 - -
----
- - 297 -
----
----
- 463,310 32,934 -
----
----
----
----
350,237 8,218,333 - 849,322
----
----
----
350,237 8,218,333 - 849,322
$ 350,237 $ 8,681,643 $ 32,934 $ 849,322
Special Revenue Funds
Tree
Mitigation
Improvements
Fund
Landscape
and Street
Lighting Fund
Storm Water
Maintenance
District Fund
RD 811
Maintenance
Fund
117
431

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
$ 2,285,874 $ 2,624,914 $ 989,719 $ 43,939
287,132 - - -
1,044 10,243 1,195 118
- 88,601 - -
766,163 - 143,339 -
----
- 21,463 22,752 -
36,559 - 26,728 -
----
89,142 - - -
$ 3,465,914 $ 2,745,221 $ 1,183,733 $ 44,057
$ 98,554 14,559 $ 26,471 $ - $
14,529 9,636 3,637 -
1,647,922 - 171,503 -
----
1,294 2,853 - -
----
----
1,678,304 111,043 201,611 -
----
- 87,564 - -
- 87,564 - -
----
977,981 2,546,614 742,448 44,057
334,471 - 37,386 -
475,158 - 202,288 -
----
1,787,610 2,546,614 982,122 44,057
$ 3,465,914 $ 2,745,221 $ 1,183,733 $ 44,057
Special Revenue Funds
Special
Purpose Fund
Parking
Improvement
Fund
Public Safety
Fund
Public Art
Fund
118
432

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
(Continued)
$ 852,651 $ 1,402,474 $ 6,208,524 $ 18,661
- - -74
- 2,085 11,361 629
----
----
- - - 210
----
- - -3,131
----
----
$ 852,651 $ 1,404,559 $ 6,219,885 $ 22,705
$ - - $ - $ 6,485 $
- - - 21,865
----
----
----
----
----
- - - 28,350
----
----
----
- - - 210
- 1,404,559 6,219,885 -
852,651 - - -
----
- - - (5,855)
852,651 1,404,559 6,219,885 (5,645)
$ 852,651 $ 1,404,559 $ 6,219,885 $ 22,705
Special Revenue Funds
Development
Trust Fund
Bridge
District IFD
Fund
Enhanced IFD
Fund
Public Works
Support
Services Fund
119
433

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
$ 8,479,359 $ 52,303 $ 3,811,461 $ 18,728
----
22,004 - - -
----
----
1,039 418 - -
----
----
----
----
$ 8,502,402 $ 52,721 $ 3,811,461 $ 18,728
$ 462,826 $ 895 $ - $ -
124,730 51,826 - -
321,452 - - -
10,089 - 3,811,461 -
6,631 - - -
----
----
925,728 52,721 3,811,461 -
----
----
----
1,039 418 - -
7,575,635 - - 18,728
----
----
- (418) - -
7,576,674 - - 18,728
$ 8,502,402 $ 52,721 $ 3,811,461 $ 18,728
Special Revenue Funds
Community
Development
Support
Services Fund
Flood
Program
Support Fund
Community
Development
Performance
Bond Support
Fund
Economic
Development
Fund
120
434

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
(Continued)
$ 719,453 $ 15,748 $ 29,339 $ 11,700,706
- 1,016 - 382,257
1,831 - 71 -
----
- 81,281 - -
- - - 121,713
----
- - 14,041 -
----
----
$ 721,284 $ 98,045 $ 43,451 $ 12,204,676
$ 67,463 3,335 $ 4,486 $ 24,906 $
- - 38,965 67,105
- - -2,577
----
----
----
----
3,335 67,463 43,451 94,588
----
----
----
- - - 121,713
717,949 11,549 - 11,839,576
- 19,033 - 148,799
----
----
717,949 30,582 - 12,110,088
$ 721,284 $ 98,045 $ 43,451 $ 12,204,676
Special Revenue Funds
Technology
Impact Fee
Fund
CDD Grants
Fund
Environmental
Support
Services Fund
Reclamation
District 900
121
435

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
$ 2,873,730 $ 5,853,105 $ 16,730,973 $ 64,618
----
7,285 10,708 46,311 164
----
----
----
----
----
5,363,492 4,919,548 - -
----
$ 8,244,507 $ 10,783,361 $ 16,777,284 $ 64,782
$ - - $ - $ - $
----
----
----
----
----
- - 5,363,492 -
- - 5,363,492 -
----
----
----
5,363,492 4,919,548 - -
2,881,015 - 11,413,792 63,971
- 5,863,813 - 811
----
----
8,244,507 10,783,361 11,413,792 64,782
$ 8,244,507 $ 10,783,361 $ 16,777,284 $ 64,782
Capital Projects Funds
Traffic
Improvements
General
Facilities
Park
Improvement
Underground
Improvements
Fund
122
436

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
(Continued)
$ 2,496,260 $ 131 $ 669,856 $ 628,404
----
6,337 1,213 1,678 1,572
----
----
----
----
----
----
----
$ 2,502,597 $ 1,344 $ 671,534 $ 629,976
$ - - $ - $ - $
----
----
----
----
----
- 2,581,894 - -
- 2,581,894 - -
----
----
----
----
2,502,597 - 671,534 629,976
----
----
- (2,580,550) - -
2,502,597 (2,580,550) 671,534 629,976
$ 2,502,597 $ 1,344 $ 671,534 $ 629,976
Capital Projects Funds
Police Facility
Impact Fees
Fire Facility
Impact Fee
Childcare
Impact Fee
City Hall
Impact Fees
Fund
123
437

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
$ 2,337,357 $ 11,551,028 - $ $ -
----
5,909 907 29,165 -
----
----
----
----
----
----
----
$ 2,343,266 $ 907 $ 11,580,193 $ -
$ - - $ - $ - $
----
----
----
----
-1,658 - -
- 3,500,130 - -
- 3,501,788 - -
----
----
----
----
1,479,247 - 11,580,193 -
864,019 - - -
----
- (3,500,881) - -
2,343,266 (3,500,881) 11,580,193 -
$ 2,343,266 $ 907 $ 11,580,193 $ -
Capital Projects Funds
Drainage
Impact Fees
Fund
Corp Yard
Impact Fees
Flood In-Lieu
Fees Fund
Senior Center
Construction
124
438

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
(Continued)
$ 3,824,542 5,745,382 $ 351,817 $ - $
18,345 - - -
15,567 9,686 892 -
--- -
540,269 - - -
--- -
--- -
--- -
--- -
- - - 12,571,777
$ 3,834,228 6,319,563 $ 352,709 $ 12,571,777 $
$ - 1,247,107 $ - $ - $
- - - 16,201
--- -
--- -
--- -
- - - 6,397,566
--- -
1,247,107 - - 6,413,767
22 - - -
--- -
22 - - -
--- -
- 3,834,228 352,709 6,158,010
5,072,434 - - -
--- -
--- -
5,072,434 3,834,228 352,709 6,158,010
$ 3,834,228 6,319,563 $ 352,709 $ 12,571,777 $
Capital Projects Funds
Triangle/Bridge
District Capital
Fund
Southport
Mello-Roos
B.D.

Development
Fees
Community
Facilities
District Fund
125
439

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
$ 952,036 1,758 $ 26,873 $ 286,919 $
-- --
4-68-
-- --
-- --
-- --
-- --
-- --
-- --
-- --
$ 952,036 1,762 $ 26,941 $ 286,919 $
$ - $ - $ - $ -
- 8,010 - 2,248
-- --
-- --
-- --
- 381 - -
-- --
- 8,391 - 2,248
-- --
-- --
-- --
-- --
1,762 943,645 26,941 284,671
-- --
-- --
-- --
1,762 943,645 26,941 284,671
$ 952,036 1,762 $ 26,941 $ 286,919 $
Debt Service Funds
2012 Pension
Obligation
Bonds
2012
Refunding
Lease
Revenue
Bonds
2011 Lease
Revenue
Refunding
Bonds
General
Equipment
Lease
126
440

CITY OF WEST SACRAMENTO
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
Assets:

Pooled cash and investments
Receivables:

Accounts
Accrued interest
Deferred loans
Grants
Prepaid costs
Due from other governments
Due from other funds
Advances to other funds
Restricted assets:

Cash and investments with fiscal agents
Total Assets
Liabilities, Deferred Inflows of Resources,
and Fund Balances (Deficit):

Liabilities:

Accounts payable
Accrued liabilities
Unearned revenues
Deposits payable
Due to other governments
Due to other funds
Advances from other funds
Total Liabilities
Deferred Inflows of Resources:

Unavailable revenues
Leases
Total Deferred Inflows of Resources
Fund Balances (Deficit):

Nonspendable
Restricted
Committed
Assigned
Unassigned (deficit)
Total Fund Balances (Deficit)
Total Liabilities, Deferred Inflows of
Resources, and Fund Balances (Deficit)
Total
Governmental
Funds
$ 112,554,940
866,490
236,279
88,601
1,531,052
1,710,757
3,057,853
148,084
10,283,040
14,299,488
$ 144,776,584
$ 2,501,715
414,860
2,148,454
3,821,550
1,511,075
6,399,605
11,445,516
28,242,775
2,697,989
87,564
2,785,553
11,993,797
87,299,821
19,864,896
677,446
(6,087,704)
113,748,256
$ 144,776,584
127
441

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes $ - $ - $ 152,313 $ -
Licenses and permits - - - -
Intergovernmental 2,514,953 5,722,324 - -
Contribution from property owners 526,810 - - -
Charges for services - - - -
Use of money and property 18,754 (23,856) (18,570) 61,361 Fines and forfeitures - - - -
Contributions - - - -
Miscellaneous - 743,643 - -
Total Revenues 3,060,517 6,442,111 133,743 61,361
Expenditures:

Current:

General government - - 34,962 -
Public safety - - - 998
Community development - - - -
Parks and recreation - - - 17,419
Public works 723,686 6,445,551 - -
Landscape and street lighting - - - -
Housing rehabilitation - - - -
Capital outlay 23,682 - - 698,271
Debt service:

Principal retirement 8,991 - - 67,630
Interest and fiscal charges 124 - - 15,917
Total Expenditures 756,483 6,445,551 34,962 800,235
Excess (Deficiency) of Revenues
Over (Under) Expenditures 2,304,034 (3,440) 98,781 (738,874) Other Financing Sources (Uses):

Transfers in 8,660 2,170,609 - 640,000
Transfers out (1,715,290) (2,064,320) (3,422) -
Leases issuance - - - -
Subscriptions issuance 23,682 - - -
Proceeds from sale of capital asset 77,271 - - 55,353
Total Other Financing Sources
(Uses) (1,605,677) 106,289 (3,422) 695,353
Net Change in Fund Balances 698,357 102,849 95,359 (43,521) Fund Balances (Deficit), Beginning of Year, as Restated 1,083,856 151,115 827,898 8,301,600 Fund Balances (Deficit), End of Year $ 1,782,213 $ 253,964 $ 923,257 $ 8,258,079 Road Fund Transit Fund Cable Fund
General
Equipment
Improvements
Fund
Special Revenue Funds
128
442

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
(Continued)
$ - - $ - $ - $
1,825 - - -
----
- - - 34,207
- 4,234,004 12,309 -
4,819 68,264 (7,933) 9,936
-3,540 - -
----
-52 -
6,644 4,305,813 4,378 44,143
- 494 - 192
- - 386 -
- -9 -
----
12,183 - 401,803 3,120
- 3,799,099 1,072 -
-50 - -
- -7,894 -
- -1,656 -
----
12,183 3,799,643 412,820 3,312
(5,539) 506,170 (408,442) 40,831
- 734,520 733,080 -
(571) (537,495) (332,532) -
----
- -7,894 -
----
(571) 197,025 408,442 -
(6,110) 703,195 - 40,831
356,347 7,515,138 - 808,491
$ 8,218,333 350,237 $ - $ 849,322 $
Tree
Mitigation
Improvements
Fund
Landscape
and Street
Lighting Fund
Storm Water
Maintenance
District Fund
RD 811
Maintenance
Fund
Special Revenue Funds
129
443

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
$ - - $ - $ - $
- 501,175 - -
767,342 - 278,578 -
522,390 - - -
146,037 1,230 17,537 -
21,637 38,351 5,155 708
- 25,935 - -
----
660,107 - 90,375 -
2,117,513 566,691 391,645 708
2,147,268 - - -
5,885 - 251,689 -
71,836 - - -
1,071,340 - - 5,607
170 460,358 - -
----
4,392 - - -
104,445 - 123,728 -
----
----
3,405,336 460,358 375,417 5,607
(1,287,823) 106,333 16,228 (4,899)
2,780,467 7,428 27,791 -
(12,530,182) (61,650) (6,633) (6)
----
----
----
(9,749,715) (54,222) 21,158 (6)
(11,037,538) 52,111 37,386 (4,905)
12,825,148 2,494,503 944,736 48,962
$ 2,546,614 1,787,610 $ 982,122 $ 44,057 $
Public Safety
Fund
Public Art
Fund
Special
Purpose Fund
Parking
Improvement
Fund
Special Revenue Funds
130
444

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
(Continued)
$ 558,752 - $ - $ - $
----
----
----
----
- 12,471 79,786 (2,371)
----
- - -300
- - - 1,979
- 571,223 79,786 (92)
----
----
246,483 - - -
----
- - - 756,476
----
----
- - - 32,208
- - - 7,990
- - -105
246,483 - - 796,779
(246,483) 571,223 79,786 (796,871)
400,000 - - 765,921
----
- - - 16,885
- - - 13,815
----
400,000 - - 796,621
153,517 571,223 79,786 (250)
699,134 833,336 6,140,099 (5,395)
$ 1,404,559 852,651 $ 6,219,885 $ (5,645) $
Development
Trust Fund
Bridge District
IFD Fund
Enhanced IFD
Fund
Public Works
Support
Services Fund
Special Revenue Funds
131
445

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
$ - - $ - $ - $
1,175,363 - - -
----
- 226,004 - -
2,296,542 715,612 - -
109,035 4,515 - 238
----
----
486 - - -
3,581,426 946,131 - 238
- 795,683 - -
----
3,737,076 - - -
----
- - -4
----
----
----
4,895 - - -
819 - - -
3,742,790 795,683 - 4
(161,364) 150,448 - 234
577,485 26,570 - -
(696,123) (177,092) - -
----
----
----
(118,638) (150,522) - -
(280,002) (74) - 234
7,856,676 74 - 18,494
$ - 7,576,674 $ - $ 18,728 $
Community
Development
Support
Services Fund
Flood
Program
Support Fund
Community
Development
Performance
Bond Support
Fund
Economic
Development
Fund
Special Revenue Funds
132
446

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
(Continued)
$ - - $ - $ 3,746,062 $
----
- 129,431 - -
----
92,171 - - -
8,557 (255) (1,054) 224,666
----
----
- 8,134 - 326,968
100,728 137,310 (1,054) 4,297,696
66,646 - - 415,479
----
- 201,812 693,563 -
----
- - - 1,091,900
----
----
- - - 801,697
----
----
66,646 201,812 693,563 2,309,076
34,082 (64,502) (694,617) 1,988,620
- - 704,447 -
(722)- - -
----
----
----
(722) - 704,447 -
33,360 (64,502) 9,830 1,988,620
684,589 95,084 (9,830) 10,121,468
$ 30,582 717,949 $ - $ 12,110,088 $
Environmental
Support
Services Fund
Reclamation
District 900
Technology
Impact Fee
Fund
CDD Grants
Fund
Special Revenue Funds
133
447

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
$ - - $ - $ - $
3,938,498 - 4,075,269 -
----
----
----
253,568 133,427 158,257 826
----
----
----
4,192,066 133,427 4,233,526 826
----
- 958 - 15
----
- - 259,278 -
120,173 - - -
----
----
----
----
- -13 -
120,173 958 259,291 15
4,071,893 132,469 3,974,235 811
- 3,600,852 5,363,492 -
(5,394,337) (2,640,000) (7,617,389) -
----
----
----
(5,394,337) 960,852 (2,253,897) -
(1,322,444) 1,093,321 1,720,338 811
9,566,951 9,690,040 9,693,454 63,971
$ 10,783,361 8,244,507 $ 11,413,792 $ 64,782 $
General
Facilities
Park
Improvement
Underground
Improvements
Fund
Traffic
Improvements
Capital Projects Funds
134
448

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
(Continued)
$ - - $ - $ - $
481,413 490,254 149,577 268,471
----
----
----
21,413 7,818 5,015 1,679
----
----
----
502,826 498,072 154,592 270,150
- - -141
567 108 - -
----
- - 150 -
----
----
----
----
----
- 67,021 - -
567 67,129 150 141
502,259 430,943 154,442 270,009
----
(20,813) (46) (41) (56)
----
----
----
(20,813) (46) (41) (56)
481,446 430,897 154,401 269,953
2,021,151 (3,011,447) 517,133 360,023
$ (2,580,550) 2,502,597 $ 671,534 $ 629,976 $
Childcare
Impact Fee
City Hall
Impact Fees
Fund
Police Facility
Impact Fees
Fire Facility
Impact Fee
Capital Projects Funds
135
449

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
$ - - $ - $ - $
854,026 367,265 1,055,146 -
----
----
----
12,853 55,549 121,715 -
----
----
----
866,879 422,814 1,176,861 -
- -2,609 -
----
-81 - -
----
529 - - -
----
----
----
----
1,919 36,779 - -
2,448 36,860 2,609 -
864,431 385,954 1,174,252 -
----
(412) (687) (3,995) (289,764)
----
----
----
(412) (687) (3,995) (289,764)
864,019 385,267 1,170,257 (289,764)
1,479,247 (3,886,148) 10,409,936 289,764
$ (3,500,881) 2,343,266 $ 11,580,193 $ - $
Drainage
Impact Fees
Fund
Corp Yard
Impact Fees
Flood In-Lieu
Fees Fund
Senior Center
Construction
Capital Projects Funds
136
450

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
(Continued)
$ - - $ - $ - $
- 42,555 - -
2,025,252 - - -
----
3- - -
182,470 47,568 4,527 331,099
----
----
18,345 - - 1,450
2,226,070 90,123 4,527 332,549
----
- 866 - -
----
----
305,693 - 80 -
----
----
6,028,982 - - -
----
----
6,334,675 866 80 -
(4,108,605) 89,257 4,447 332,549
----
- (131) (1,366) (894)
----
----
----
- (131) (1,366) (894)
(4,108,605) 89,126 3,081 331,655
9,181,039 3,745,102 349,628 5,826,355
$ 3,834,228 5,072,434 $ 352,709 $ 6,158,010 $
Triangle/Bridge
District Capital
Fund
Southport
Mello-Roos
B.D.

Development
Fees
Community
Facilities
District Fund
Capital Projects Funds
137
451

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
$ - - $ - $ - $
----
----
----
----
24 (40,910) 343 (14,842)
----
----
----
24 (40,910) 343 (14,842)
----
----
----
----
----
----
----
----
- 4,147,090 - 854,561
- 67,967 6 147,580
- 4,215,057 6 1,002,141
24 (4,255,967) 337 (1,016,983)
- 4,207,268 - 1,181,147
----
----
----
----
- 4,207,268 - 1,181,147
24 (48,699) 337 164,164
1,738 992,344 26,604 120,507
$ 1,762 $ 943,645 $ 26,941 $ 284,671
2012
Refunding
Lease
Revenue
Bonds
2011 Lease
Revenue
Refunding
Bonds
General
Equipment
Lease
2012 Pension
Obligation
Bonds
Debt Service Funds
138
452

CITY OF WEST SACRAMENTO
Combining Statement of Revenues,
Expenditures and Changes in Fund Balances
Nonmajor Governmental Funds
Year Ended June 30, 2023
Revenues:

Taxes
Licenses and permits
Intergovernmental
Contribution from property owners
Charges for services
Use of money and property
Fines and forfeitures
Contributions
Miscellaneous
Total Revenues
Expenditures:

Current:

General government
Public safety
Community development
Parks and recreation
Public works
Landscape and street lighting
Housing rehabilitation
Capital outlay
Debt service:

Principal retirement
Interest and fiscal charges
Total Expenditures
Excess (Deficiency) of Revenues
Over (Under) Expenditures
Other Financing Sources (Uses):

Transfers in
Transfers out
Leases issuance
Subscriptions issuance
Proceeds from sale of capital asset
Total Other Financing Sources
(Uses)
Net Change in Fund Balances
Fund Balances (Deficit), Beginning of Year, as Restated Fund Balances (Deficit), End of Year
Total
Governmental
Funds
$ 4,457,127
13,400,837
11,437,880
1,309,411
7,515,445
1,896,613
29,475
300
1,851,494
41,898,582
3,463,474
261,472
4,950,860
1,353,794
10,321,726
3,800,171
4,442
7,820,907
5,092,813
338,250
37,407,909
4,490,673
23,929,737
(34,095,969)
16,885
45,391
132,624
(9,971,332)
(5,480,659)
119,228,915
$ 113,748,256
139
453

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
City Capital Projects Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 31,079,235 $ 31,079,235 $- 31,079,235 $ Resources (Inflows):

Intergovernmental 4,047,772 14,264,572 8,726,572 (5,538,000) Contribution from property owners 655,000 1,065,000 - (1,065,000) Use of money and property 750,000 750,000 (66,670) (816,670) Transfers in 4,825,000 43,084,880 37,997,068 (5,087,812) Amounts Available for Appropriation 41,357,007 90,243,687 77,736,205 (12,507,482) Charges to Appropriation (Outflow):

Housing Rehabiliation Exepnse - - 9,595 (9,595)
Capital outlay 5,848,960 48,228,140 14,268,720 33,959,420 Transfers out 6,356,745 5,356,745 5,348,492 8,253
Total Charges to Appropriations 12,205,705 53,584,885 19,626,807 33,958,078 Budgetary Fund Balance, June 30 $ 29,151,302 $ 36,658,802 $ 58,109,398 $ 21,450,596 140
454

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Road Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 1,083,856 $ 1,083,856 $- 1,083,856 $ Resources (Inflows):

Intergovernmental 2,477,504 2,477,504 2,514,953 37,449
Contribution from property owners 222,647 222,647 526,810 304,163 Use of money and property 15,000 15,000 18,754 3,754
Transfers in - 8,660 8,660 -
Subscriptions issuance - - 23,682 23,682
Proceeds from sale of capital asset - - 77,271 77,271
Amounts Available for Appropriation 3,799,007 3,807,667 4,253,986 446,319 Charges to Appropriation (Outflow):

Public works 882,251 961,447 723,686 237,761
Capital outlay - - 23,682 (23,682)
Debt service:

Principal retirement - - 8,991 (8,991)
Interest and fiscal charges - - 124 (124)
Transfers out 1,586,852 1,715,290 1,715,290 -
Total Charges to Appropriations 2,469,103 2,676,737 2,471,773 204,964 Budgetary Fund Balance, June 30 $ 1,329,904 $ 1,130,930 $ 1,782,213 $ 651,283 141
455

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Transit Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 151,115 $ 151,115 $ 151,115 $ - Resources (Inflows):

Intergovernmental 3,360,000 3,360,000 5,722,324 2,362,324 Use of money and property - - (23,856) (23,856)
Miscellaneous - - 743,643 743,643
Transfers in - - 2,170,609 2,170,609
Amounts Available for Appropriation 3,511,115 3,511,115 8,763,835 5,252,720 Charges to Appropriation (Outflow):

Public works 5,404,501 8,499,747 6,445,551 2,054,196
Transfers out 12,049 2,062,740 2,064,320 (1,580)
Total Charges to Appropriations 5,416,550 10,562,487 8,509,871 2,052,616 Budgetary Fund Balance, June 30 $ (1,905,435) $ (7,051,372) $ 253,964 $ 7,305,336 142
456

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Cable Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 827,898 $ 827,898 $ 827,898 $ - Resources (Inflows):

Taxes 340,000 340,000 152,313 (187,687)
Use of money and property 19,000 19,000 (18,570) (37,570) Amounts Available for Appropriation 1,186,898 1,186,898 961,641 (225,257) Charges to Appropriation (Outflow):

General government 45,000 60,000 34,962 25,038
Transfers out 3,253 3,422 3,422 -
Total Charges to Appropriations 48,253 63,422 38,384 25,038 Budgetary Fund Balance, June 30 $ 1,138,645 $ 1,123,476 $ 923,257 $ (200,219) 143
457

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
General Equipment Improvements Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 8,301,600 $ 8,301,600 $- 8,301,600 $ Resources (Inflows):

Use of money and property 180,000 180,000 61,361 (118,639) Transfers in 640,000 640,000 640,000 -
Proceeds from sale of capital asset - - 55,353 55,353
Amounts Available for Appropriation 9,121,600 9,121,600 9,058,314 (63,286) Charges to Appropriation (Outflow):

Public safety 80,500 80,500 998 79,502
Parks and recreation 465 465 17,419 (16,954)
Capital outlay 652,340 1,483,553 698,271 785,282
Debt service:

Principal retirement - - 67,630 (67,630)
Interest and fiscal charges - - 15,917 (15,917)
Total Charges to Appropriations 733,305 1,564,518 800,235 764,283 Budgetary Fund Balance, June 30 $ 8,388,295 $ 7,557,082 $ 8,258,079 $ 700,997 144
458

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Tree Mitigation Improvements Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 356,347 $ 356,347 $ 356,347 $ - Resources (Inflows):

Licenses and permits 5,000 5,000 1,825 (3,175)
Intergovernmental 500 500 - (500)
Use of money and property - - 4,819 4,819
Amounts Available for Appropriation 361,847 361,847 362,991 1,144 Charges to Appropriation (Outflow):

Public works 17,270 17,270 12,183 5,087
Transfers out 579 571 571 -
Total Charges to Appropriations 17,849 17,841 12,754 5,087 Budgetary Fund Balance, June 30 $ 343,998 $ 344,006 $ 350,237 $ 6,231 145
459

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Landscape and Street Lighting Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 7,515,138 $ 7,515,138 $ 7,515,138 $ - Resources (Inflows):

Charges for services 4,090,126 4,090,126 4,234,004 143,878 Use of money and property 167,864 167,864 68,264 (99,600) Fines and forfeitures - - 3,540 3,540
Miscellaneous - - 5 5
Transfers in 734,520 944,037 734,520 -
Amounts Available for Appropriation 12,717,165 12,507,648 12,555,471 47,823 Charges to Appropriation (Outflow):

General government 467 467 494 (27)
Landscape and street lighting 4,867,576 5,191,194 3,799,099 1,392,095 Housing rehabilitation - - 50 (50)
Debt service:

Transfers out 349,646 537,495 537,495 -
Total Charges to Appropriations 5,217,689 5,729,156 4,337,138 1,392,018 Budgetary Fund Balance, June 30 $ 7,499,476 $ 6,778,492 $ 8,218,333 $ 1,439,841 146
460

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Storm Water Maintenance District Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ - $ - $ - $ -
Resources (Inflows):

Charges for services 12,500 12,500 12,309 (191)
Use of money and property - - (7,933) (7,933)
Miscellaneous - - 2 2
Transfers in 759,154 733,080 733,080 -
Subscriptions issuance - - 7,894 7,894
Amounts Available for Appropriation 771,654 745,580 745,352 (228) Charges to Appropriation (Outflow):

Public safety 515 515 386 129
Community development - - 9 (9)
Public works 498,901 502,506 401,803 100,703
Landscape and street lighting 2,000 2,000 1,072 928
Capital outlay - - 7,894 (7,894)
Debt service:

Principal retirement - - 1,656 (1,656)
Transfers out 330,519 332,532 332,532 -
Total Charges to Appropriations 831,935 837,553 745,352 92,201 Budgetary Fund Balance, June 30 $ (60,281) $ (91,973) $ - $ 91,973 147
461

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
RD 811 Maintenance Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 808,491 $ 808,491 $ 808,491 $ - Resources (Inflows):

Contribution from property owners 30,000 30,000 34,207 4,207 Use of money and property 18,000 18,000 9,936 (8,064)
Amounts Available for Appropriation 856,491 856,491 852,634 (3,857) Charges to Appropriation (Outflow):

General government - - 192 (192)
Public works - - 3,120 (3,120)
Total Charges to Appropriations - - 3,312 (3,312)
Budgetary Fund Balance, June 30 $ 856,491 $ 856,491 $ 849,322 $ (7,169) 148
462

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Special Purpose Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 12,825,148 $ 12,825,148 $- 12,825,148 $ Resources (Inflows):

Intergovernmental 3,267,462 3,445,184 1,427,449 (2,017,735) Contribution from property owners 456,914 456,914 522,390 65,476 Charges for services 140,638 140,638 146,037 5,399
Use of money and property 18,700 18,700 21,637 2,937
Transfers in 229,621 2,780,467 2,780,467 -
Amounts Available for Appropriation 16,938,483 19,667,051 17,723,128 (1,943,923) Charges to Appropriation (Outflow):

General government 754,060 750,560 2,147,268 (1,396,708) Public safety - - 5,885 (5,885)
Community development 3,500 3,500 71,836 (68,336)
Parks and recreation 1,199,145 1,122,124 1,071,340 50,784 Public works 42,048 22,048 170 21,878
Housing rehabilitation 2,651,462 2,651,462 4,392 2,647,070 Capital outlay - - 104,445 (104,445)
Transfers out 14,245,654 12,530,182 12,530,182 -
Total Charges to Appropriations 18,895,869 17,079,876 15,935,518 1,144,358 Budgetary Fund Balance, June 30 $ (1,957,386) $ 2,587,175 $ 1,787,610 $ (799,565) 149
463

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Parking Improvement Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 2,494,503 $ 2,494,503 $- 2,494,503 $ Resources (Inflows):

Licenses and permits 538,236 538,236 501,175 (37,061)
Charges for services - - 1,230 1,230
Use of money and property 45,000 45,000 38,351 (6,649)
Fines and forfeitures 139,291 139,291 25,935 (113,356)
Transfers in - 7,428 7,428 -
Amounts Available for Appropriation 3,217,030 3,224,458 3,068,622 (155,836) Charges to Appropriation (Outflow):

Public works 693,170 740,597 460,358 280,239
Capital outlay 5,253 5,253 - 5,253
Transfers out 57,926 61,650 61,650 -
Total Charges to Appropriations 756,349 807,500 522,008 285,492 Budgetary Fund Balance, June 30 $ 2,460,681 $ 2,416,958 $ 2,546,614 $ 129,656 150
464

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Public Safety Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 944,736 $ 944,736 $ 944,736 $ - Resources (Inflows):

Intergovernmental 231,095 231,095 368,953 137,858
Charges for services - - 17,537 17,537
Use of money and property 10,550 10,550 5,155 (5,395)
Transfers in 34,272 27,791 27,791 -
Amounts Available for Appropriation 1,220,653 1,214,172 1,364,172 150,000 Charges to Appropriation (Outflow):

Public safety 419,198 431,865 251,689 180,176
Capital outlay - - 123,728 (123,728)
Transfers out - 6,633 6,633 -
Total Charges to Appropriations 419,198 438,498 382,050 56,448 Budgetary Fund Balance, June 30 $ 801,455 $ 775,674 $ 982,122 $ 206,448 151
465

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Public Art Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 48,962 $ 48,962 $ 48,962 $ - Resources (Inflows):

Use of money and property 1,000 2,000 708 (1,292)
Amounts Available for Appropriation 49,962 50,962 49,670 (1,292) Charges to Appropriation (Outflow):

Parks and recreation 1,000 48,961 5,607 43,354
Transfers out 6 6 6 -
Total Charges to Appropriations 1,006 48,967 5,613 43,354 Budgetary Fund Balance, June 30 $ 48,956 $ 1,995 $ 44,057 $ 42,062 152
466

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Development Trust Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 699,134 $ 699,134 $ 699,134 $ - Resources (Inflows):

Transfers in 400,000 400,000 400,000 -
Amounts Available for Appropriation 1,099,134 1,099,134 1,099,134 - Charges to Appropriation (Outflow):

Community development - 1,099,134 246,483 852,651
Transfers out 1,140 - - -
Total Charges to Appropriations 1,140 1,099,134 246,483 852,651 Budgetary Fund Balance, June 30 $- 1,097,994 $ 852,651 $ $ 852,651 153
467

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Bridge District IFD Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 833,336 $ 833,336 $ 833,336 $ - Resources (Inflows):

Taxes 514,500 514,500 558,752 44,252
Use of money and property - - 12,471 12,471
Amounts Available for Appropriation 1,347,836 1,347,836 1,404,559 56,723 Charges to Appropriation (Outflow):

Transfers out 1,466 - - -
Total Charges to Appropriations 1,466 - - -
Budgetary Fund Balance, June 30 $ 1,346,370 $ 1,347,836 $ 1,404,559 $ 56,723 154
468

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Enhanced IFD Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 6,140,099 $ 6,140,099 $- 6,140,099 $ Resources (Inflows):

Use of money and property - - 79,786 79,786
Transfers in 1,000,000 - - -
Amounts Available for Appropriation 7,140,099 6,140,099 6,219,885 79,786 Charges to Appropriation (Outflow):

Debt service:

Transfers out 8,827 - - -
Total Charges to Appropriations 8,827 - - -
Budgetary Fund Balance, June 30 $ 7,131,272 $ 6,140,099 $ 6,219,885 $ 79,786 155
469

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Public Works Support Services Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ (5,395) $ (5,395) $ (5,395) $ - Resources (Inflows):

Use of money and property 10,000 10,000 (2,371) (12,371) Contributions - - 300 300
Miscellaneous 3,000 3,000 1,979 (1,021)
Transfers in 791,977 766,221 765,921 (300)
Leases issuance - - 16,885 16,885
Subscriptions issuance - - 13,815 13,815
Amounts Available for Appropriation 799,582 773,826 791,134 17,308 Charges to Appropriation (Outflow):

Public works 829,957 961,247 756,476 204,771
Capital outlay - - 32,208 (32,208)
Debt service:

Principal retirement - - 7,990 (7,990)
Interest and fiscal charges - - 105 (105)
Total Charges to Appropriations 829,957 961,247 796,779 164,468 Budgetary Fund Balance, June 30 $ (30,375) $ (187,421) $ (5,645) $ 181,776 156
470

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Community Development Support Services Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 7,856,676 $ 7,856,676 $ 7,856,676 $ - Resources (Inflows):

Licenses and permits 1,460,400 1,460,400 1,175,363 (285,037) Contribution from property owners 52,331 52,331 - (52,331) Charges for services 2,760,061 2,760,061 2,296,542 (463,519) Use of money and property - 109,035 - 109,035
Miscellaneous 40 40 486 446
Transfers in 747,989 830,835 577,485 (253,350)
Amounts Available for Appropriation 12,877,497 12,960,343 12,015,587 (944,756) Charges to Appropriation (Outflow):

Public safety 100 - - -
Community development 3,678,775 4,256,439 3,735,761 520,678 Public works 300 - 1,315 (1,315)
Debt service:

Principal retirement - - 4,895 (4,895)
Interest and fiscal charges - - 819 (819)
Transfers out 881,628 949,473 696,123 253,350
Total Charges to Appropriations 4,560,803 5,205,912 4,438,913 766,999 Budgetary Fund Balance, June 30 $ 8,316,694 $ 7,754,431 $ 7,576,674 $ (177,757) 157
471

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Flood Program Support Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 74 $ 74 $ 74 $ -
Resources (Inflows):

Contribution from property owners - - 226,004 226,004
Charges for services 1,132,750 1,132,750 715,612 (417,138) Use of money and property - - 4,515 4,515
Transfers in - 26,570 26,570 -
Amounts Available for Appropriation 1,132,824 1,159,394 972,775 (186,619) Charges to Appropriation (Outflow):

General government 1,001,865 1,082,541 795,683 286,858
Transfers out 166,361 177,092 177,092 -
Total Charges to Appropriations 1,168,226 1,259,633 972,775 286,858 Budgetary Fund Balance, June 30 $ (35,402) $- (100,239) $ 100,239 $ 158
472

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Economic Development Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 18,494 $ 18,494 $ 18,494 $ - Resources (Inflows):

Use of money and property 200 200 238 38
Amounts Available for Appropriation 18,694 18,694 18,732 38 Charges to Appropriation (Outflow):

Public works - 18,494 4 18,490
Total Charges to Appropriations - 18,494 4 18,490
Budgetary Fund Balance, June 30 $ 18,694 $ 200 $ 18,728 $ 18,528 159
473

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Technology Impact Fee Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 684,589 $ 684,589 $ 684,589 $ - Resources (Inflows):

Charges for services 200,000 200,000 92,171 (107,829)
Use of money and property 11,500 11,500 8,557 (2,943)
Amounts Available for Appropriation 896,089 896,089 785,317 (110,772) Charges to Appropriation (Outflow):

General government 80,175 80,175 66,646 13,529
Transfers out 651 722 722 -
Total Charges to Appropriations 80,826 80,897 67,368 13,529 Budgetary Fund Balance, June 30 $ 815,263 $ 815,192 $ 717,949 $ (97,243) 160
474

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
CDD Grants Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 95,084 $ 95,084 $ 95,084 $ - Resources (Inflows):

Intergovernmental 60,000 258,419 137,565 (120,854)
Use of money and property - - (255) (255)
Amounts Available for Appropriation 155,084 353,503 232,394 (121,109) Charges to Appropriation (Outflow):

Community development 60,000 429,554 201,812 227,742
Total Charges to Appropriations 60,000 429,554 201,812 227,742 Budgetary Fund Balance, June 30 $ 95,084 $ (76,051) $ 30,582 $ 106,633 161
475

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Environmental Support Services Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ (9,830) $ (9,830) $ (9,830) $ - Resources (Inflows):

Use of money and property (7,500) (7,500) (1,054) 6,446 Transfers in 651,536 704,447 704,447 -
Amounts Available for Appropriation 634,206 687,117 693,563 6,446 Charges to Appropriation (Outflow):

Community development 651,536 717,733 693,563 24,170
Total Charges to Appropriations 651,536 717,733 693,563 24,170 Budgetary Fund Balance, June 30 $ (17,330) $ (30,616) $ - $ 30,616 162
476

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Reclamation District 900
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 10,121,468 $ 10,121,468 $ 10,121,468 $ - Resources (Inflows):

Taxes - - 3,746,062 3,746,062
Use of money and property - 224,666 - 224,666
Miscellaneous - 326,968 - 326,968
Amounts Available for Appropriation 10,121,468 10,121,468 14,419,164 4,297,696 Charges to Appropriation (Outflow):

General government - 415,479 - (415,479)
Public works 1,838,322 1,838,322 1,091,900 746,422
Capital outlay - 801,697 - (801,697)
Total Charges to Appropriations 1,838,322 1,838,322 2,309,076 (470,754) Budgetary Fund Balance, June 30 $ 8,283,146 $ 8,283,146 $ 12,110,088 $ 3,826,942 163
477

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Traffic Improvements
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 9,566,951 $ 9,566,951 $- 9,566,951 $ Resources (Inflows):

Licenses and permits - - 3,938,498 3,938,498
Use of money and property 215,000 215,000 253,568 38,568 Amounts Available for Appropriation 9,781,951 9,781,951 13,759,017 3,977,066 Charges to Appropriation (Outflow):

Public works - - 120,173 (120,173)
Transfers out 669 5,394,337 5,394,337 -
Total Charges to Appropriations 669 5,394,337 5,514,510 (120,173) Budgetary Fund Balance, June 30 $ 9,781,282 $ 4,387,614 $ 8,244,507 $ 3,856,893 164
478

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
General Facilities
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 9,690,040 $ 9,690,040 $- 9,690,040 $ Resources (Inflows):

Use of money and property 142,000 142,000 133,427 (8,573) Transfers in 3,311,088 3,600,852 3,600,852 -
Amounts Available for Appropriation 13,143,128 13,432,892 13,424,319 (8,573) Charges to Appropriation (Outflow):

Public safety - - 958 (958)
Transfers out 2,640,000 2,640,000 2,640,000 -
Total Charges to Appropriations 2,640,000 2,640,000 2,640,958 (958) Budgetary Fund Balance, June 30 $ 10,503,128 $ 10,792,892 $( 10,783,361 $ 9,531) 165
479

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Park Improvement
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 9,693,454 $ 9,693,454 $- 9,693,454 $ Resources (Inflows):

Licenses and permits - - 4,075,269 4,075,269
Use of money and property 150,000 150,000 158,257 8,257 Transfers in 5,363,492 5,363,492 5,363,492 -
Amounts Available for Appropriation 15,206,946 15,206,946 19,290,472 4,083,526 Charges to Appropriation (Outflow):

Parks and recreation - - 259,278 (259,278)
Debt service:

Interest and fiscal charges - - 13 (13)
Transfers out 1,303,513 7,617,389 7,617,389 -
Total Charges to Appropriations 1,303,513 7,617,389 7,876,680 (259,291) Budgetary Fund Balance, June 30 $ 13,903,433 $ 7,589,557 $ 11,413,792 $ 3,824,235 166
480

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Underground Improvements Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 63,971 $ 63,971 $ 63,971 $ - Resources (Inflows):

Use of money and property - - 826 826
Amounts Available for Appropriation 63,971 63,971 64,797 826 Charges to Appropriation (Outflow):

Public safety - - 15 (15)
Total Charges to Appropriations - - 15 (15)
Budgetary Fund Balance, June 30 $ 63,971 $ 63,971 $ 64,782 $ 811 167
481

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Police Facility Impact Fees
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 2,021,151 $ 2,021,151 $- 2,021,151 $ Resources (Inflows):

Licenses and permits 100,000 100,000 481,413 381,413
Use of money and property 30,000 30,000 21,413 (8,587)
Amounts Available for Appropriation 2,151,151 2,151,151 2,523,977 372,826 Charges to Appropriation (Outflow):

Public safety - - 567 (567)
Transfers out 20,718 20,813 20,813 -
Total Charges to Appropriations 20,718 20,813 21,380 (567) Budgetary Fund Balance, June 30 $ 2,130,433 $ 2,130,338 $ 2,502,597 $ 372,259 168
482

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Fire Facility Impact Fee
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ (3,011,447) $ (3,011,447) $- (3,011,447) $ Resources (Inflows):

Licenses and permits - - 490,254 490,254
Use of money and property 14,500 14,500 7,818 (6,682)
Amounts Available for Appropriation (2,996,947) (2,996,947) (2,513,375) 483,572 Charges to Appropriation (Outflow):

Public safety - - 108 (108)
Debt service:

Interest and fiscal charges - - 67,021 (67,021)
Transfers out 41 46 46 -
Total Charges to Appropriations 41 46 67,175 (67,129)
Budgetary Fund Balance, June 30 $ (2,996,988) $ (2,996,993) $ (2,580,550) $ 416,443 169
483

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Childcare Impact Fee
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 517,133 $ 517,133 $- 517,133 $ Resources (Inflows):

Licenses and permits - - 149,577 149,577
Use of money and property 13,000 13,000 5,015 (7,985)
Amounts Available for Appropriation 530,133 530,133 671,725 141,592 Charges to Appropriation (Outflow):

Parks and recreation - - 150 (150)
Transfers out 37 41 41 -
Total Charges to Appropriations 37 41 191 (150)
Budgetary Fund Balance, June 30 $ 530,096 $ 530,092 $ 671,534 $ 141,442 170
484

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
City Hall Impact Fees Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 360,023 $ 360,023 $- 360,023 $ Resources (Inflows):

Licenses and permits - - 268,471 268,471
Use of money and property 17,500 17,500 1,679 (15,821)
Amounts Available for Appropriation 377,523 377,523 630,173 252,650 Charges to Appropriation (Outflow):

General government - - 141 (141)
Transfers out 50 56 56 -
Total Charges to Appropriations 50 56 197 (141)
Budgetary Fund Balance, June 30 $ 377,473 $ 377,467 $ 629,976 $ 252,509 171
485

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Drainage Impact Fees Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 1,479,247 $ 1,479,247 $ 1,479,247 $ - Resources (Inflows):

Licenses and permits 95,000 95,000 854,026 759,026
Use of money and property 34,980 34,980 12,853 (22,127) Amounts Available for Appropriation 1,609,227 1,609,227 2,346,126 736,899 Charges to Appropriation (Outflow):

Public works - - 529 (529)
Debt service:

Interest and fiscal charges 90,000 90,000 1,919 88,081
Transfers out 370 412 412 -
Total Charges to Appropriations 90,370 90,412 2,860 87,552 Budgetary Fund Balance, June 30 $ 1,518,857 $ 1,518,815 $ 2,343,266 $ 824,451 172
486

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Corp Yard Impact Fees
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ (3,886,148) $ (3,886,148) $- (3,886,148) $ Resources (Inflows):

Licenses and permits 96,000 96,000 367,265 271,265
Use of money and property 120,000 120,000 55,549 (64,451) Amounts Available for Appropriation (3,670,148) (3,670,148) (3,463,334) 206,814 Charges to Appropriation (Outflow):

Community development - - 81 (81)
Debt service:

Interest and fiscal charges - - 36,779 (36,779)
Transfers out 616 687 687 -
Total Charges to Appropriations 616 687 37,547 (36,860) Budgetary Fund Balance, June 30 $ (3,670,764) $ (3,670,835) $ (3,500,881) $ 169,954 173
487

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Flood In-Lieu Fees Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 10,409,936 $ 10,409,936 $- 10,409,936 $ Resources (Inflows):

Licenses and permits 1,000,000 1,000,000 1,055,146 55,146 Use of money and property 150,000 150,000 121,715 (28,285) Amounts Available for Appropriation 11,559,936 11,559,936 11,586,797 26,861 Charges to Appropriation (Outflow):

General government - - 2,609 (2,609)
Transfers out 3,590 3,995 3,995 -
Total Charges to Appropriations 3,590 3,995 6,604 (2,609) Budgetary Fund Balance, June 30 $ 11,556,346 $ 11,555,941 $ 11,580,193 $ 24,252 174
488

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Senior Center Construction
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 289,764 $ 289,764 $- 289,764 $ Resources (Inflows):

Use of money and property 8,500 8,500 - (8,500)
Amounts Available for Appropriation 298,264 298,264 289,764 (8,500) Charges to Appropriation (Outflow):

Transfers out 289,764 289,764 289,764 -
Total Charges to Appropriations 289,764 289,764 289,764 - Budgetary Fund Balance, June 30 $ 8,500 $ 8,500 $ - $ (8,500) 175
489

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Triangle/Bridge District Capital Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 9,181,039 $ 9,181,039 $- 9,181,039 $ Resources (Inflows):

Intergovernmental - - 2,043,597 2,043,597
Charges for services - - 3 3
Use of money and property 56,000 56,000 182,470 126,470 Amounts Available for Appropriation 9,237,039 9,237,039 11,407,109 2,170,070 Charges to Appropriation (Outflow):

Public works 198,000 198,000 305,693 (107,693)
Capital outlay - - 6,028,982 (6,028,982)
Total Charges to Appropriations 198,000 198,000 6,334,675 (6,136,675) Budgetary Fund Balance, June 30 $ 9,039,039 $ 9,039,039 $ 5,072,434 $ (3,966,605) 176
490

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Southport Mello-Roos
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 3,745,102 $ 3,745,102 $- 3,745,102 $ Resources (Inflows):

Licenses and permits - - 42,555 42,555
Use of money and property 22,000 22,000 47,568 25,568
Amounts Available for Appropriation 3,767,102 3,767,102 3,835,225 68,123 Charges to Appropriation (Outflow):

Public safety - - 866 (866)
Transfers out 125 131 131 -
Total Charges to Appropriations 125 131 997 (866)
Budgetary Fund Balance, June 30 $ 3,766,977 $ 3,766,971 $ 3,834,228 $ 67,257 177
491

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
B.D. Development Fees
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 349,628 $ 349,628 $- 349,628 $ Resources (Inflows):

Use of money and property 9,750 9,750 4,527 (5,223)
Amounts Available for Appropriation 359,378 359,378 354,155 (5,223) Charges to Appropriation (Outflow):

Public works - - 80 (80)
Transfers out 1,109 1,366 1,366 -
Total Charges to Appropriations 1,109 1,366 1,446 (80)
Budgetary Fund Balance, June 30 $ 358,269 $ 358,012 $ 352,709 $ (5,303) 178
492

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
Community Facilities District Fund
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 5,826,355 $ 5,826,355 $- 5,826,355 $ Resources (Inflows):

Use of money and property 276,300 276,300 331,099 54,799 Miscellaneous - - 1,450 1,450
Amounts Available for Appropriation 6,102,655 6,102,655 6,158,904 56,249 Charges to Appropriation (Outflow):

Transfers out 803 894 894 -
Total Charges to Appropriations 803 894 894 -
Budgetary Fund Balance, June 30 $ 6,101,852 $ 6,101,761 $ 6,158,010 $ 56,249 179
493

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
2012 Pension Obligation Bonds
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 1,738 $ 1,738 $ 1,738 $ - Resources (Inflows):

Use of money and property 1,000 1,000 24 (976)
Amounts Available for Appropriation 2,738 2,738 1,762 (976) Budgetary Fund Balance, June 30 $ 2,738 $ 2,738 $ 1,762 $ (976) 180
494

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
2012 Refunding Lease Revenue Bonds
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 992,344 $ 992,344 $- 992,344 $ Resources (Inflows):

Use of money and property 27,000 27,000 (40,910) (67,910) Transfers in 584,460 4,207,269 4,207,268 (1)
Amounts Available for Appropriation 1,603,804 5,226,613 5,158,702 (67,911) Charges to Appropriation (Outflow):

Debt service:

Principal retirement 467,560 4,207,268 4,147,090 60,178 Interest and fiscal charges 116,900 - 67,967 (67,967)
Total Charges to Appropriations 584,460 4,207,268 4,215,057 (7,789) Budgetary Fund Balance, June 30 $ 1,019,344 $ 1,019,345 $( 943,645 $ 75,700) 181
495

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
2011 Lease Revenue Refunding Bonds
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 26,604 $ 26,604 $ 26,604 $ - Resources (Inflows):

Use of money and property (12,000) (12,000) 343 12,343
Amounts Available for Appropriation 14,604 14,604 26,947 12,343 Charges to Appropriation (Outflow):

Debt service:

Interest and fiscal charges - - 6 (6)
Total Charges to Appropriations - - 6 (6)
Budgetary Fund Balance, June 30 $ 14,604 $ 14,604 $ 26,941 $ 12,337 182
496

CITY OF WEST SACRAMENTO
Budgetary Comparison Schedule
General Equipment Lease
Year Ended June 30, 2023
Variance with
Final Budget
Budget Amounts Actual Positive
Original Final Amounts (Negative)
Budgetary Fund Balance, July 1 $ 120,507 $ 120,507 $- 120,507 $ Resources (Inflows):

Use of money and property 2,000 2,000 (14,842) (16,842) Transfers in 1,000,964 1,181,147 1,181,147 -
Amounts Available for Appropriation 1,123,471 1,303,654 1,286,812 (16,842) Charges to Appropriation (Outflow):

Debt service:

Principal retirement 873,751 1,010,333 854,561 155,772
Interest and fiscal charges 127,213 170,814 147,580 23,234 Total Charges to Appropriations 1,000,964 1,181,147 1,002,141 179,006 Budgetary Fund Balance, June 30 $ 122,507 $ 122,507 $ 284,671 $ 162,164 183
497

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184
498
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3ULYDWHSXUSRVHWUXVWIXQGVDUHXVHGWRDFFRXQWIRUILGXFLDU\DFWLYLWLHVQRWUHTXLUHGWREHUHSRUWHGLQDQRWKHU ILGXFLDU\ IXQGW\SH3ULYDWHSXUSRVHWUXVWIXQGVRIWKH&LW\DUHDVIROORZV 
Mcknight Scholarship Fund ± DFFRXQWIRU GRQDWLRQV FROOHFWHGIRUWKHIDOOHQ RIILFHU DQG XVHGIRUWKH VFKRODUVKLS SURJUDP
Successor Agency to The Redevelopment Agency Fund ±WRDFFRXQWIRUWKHDFWLYLWLHVRIWKH6XFFHVVRU $JHQF\WR WKHIRUPHU5HGHYHORSPHQW$JHQF\RIWKH&LW\RI:HVW6DFUDPHQWR 185
499
Total Private
Purpose
Trust
Funds
ASSETS
Cash and cash equivalents $ 9,682 9,956,079 $ $ 9,965,761 Receivables:

Accrued interest 26,864 25 26,889
Restricted assets:

Cash and investments in fiscal agent 1,771 - 1,771
Capital assets not being depreciated 592,925 - 592,925
Total assets 10,577,639 9,707 10,587,346

DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding 1,174,957 - 1,174,957
Total deferred outflows of resources 1,174,957 - 1,174,957

LIABILITIES
Accounts payable 144,206 - 144,206
Accrued interest 829,480 - 829,480
Deposits payable 11,358 - 11,358
Due to external parties/other agencies - 9,707 9,707
Long-term liabilities:

Due in one year 5,408,751 - 5,408,751
Due in more than one year 56,982,958 - 56,982,958
Total liabilities 63,376,753 9,707 63,386,460

NET POSITION
Restricted for:

Individuals and organizations (51,624,157) - (51,624,157) Total net position $ (51,624,157) $ (51,624,157) - $

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Private Purpose Trust Funds
June 30, 2023
Successor
Agency to the
Redevelopment
Agency Fund
McKnight
Scholarship
Fund
186
500
Total Private
Purpose
Trust
Funds

ADDITIONS
Investment earnings:

Interest $ 51,434 $ 123 51,557
Total investment earnings 51,434 123 51,557
Taxes 9,262,767 - 9,262,767
Total additions 9,314,201 123 9,314,324

DEDUCTIONS
Benefits 11,041 - 11,041
Contractual services 1,031,084 2 1,031,086
Interest expense 2,409,320 - 2,409,320
Contributions to other governments 648,396 - 648,396
Total deductions 4,099,841 2 4,099,843
Net increase (decrease) in fiduciary net position 5,214,360 121 5,214,481 Net position-beginning, as restated (56,838,517) (121) (56,838,638) Net position-ending $- (51,624,157) $ (51,624,157) $

CITY OF WEST SACRAMENTO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2023
McKnight
Scholarship
Fund
Successor
Agency to the
Redevelopment
Agency Fund
187
501

THIS PAGE INTENTIONALLY LEFT BLANK
188
502
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Community Facilities District Funds  WR DFFRXQW IRUWKH FROOHFWLRQ DQG SD\PHQW RI DVVHVVPHQW GLVWULFW ERQGHG GHEWVHUYLFHRIWKHIROORZLQJ&RPPXQLW\)DFLOLWLHV'LVWULFWVLQWKH&LW\ 
2012 Special Tax Refunding Bond Fund WRDFFRXQWIRUFROOHFWLRQDQGSD\PHQWRIWKHUHIXQGLQJRIWKH &RPPXQLW\ )DFLOLWLHV'LVWULFW1R6HULHV%RQGVDQG&RPPXQLW\)DFLOLWLHV'LVWULFW1R6HULHV %RQGV 2011 Flood Bond Debt Fund WRDFFRXQWIRULQWHUHVWDFFUXHGRQWKHERQGVKHOGE\WUXVWHH Sacramento Regional County Sanitation District Fund WRDFFRXQWIRUDVSHFLDOGLVWULFWIRUPHGXQGHUWKH ODZVRI &DOLIRUQLDWRSURYLGHZDVWHZDWHUWUHDWPHQWVHUYLFHVIRULWVPHPEHUDJHQFLHV Washington School District Impact Fees Fund WRDFFRXQWIRUGHYHORSHUIHHVZKLFKDUHFROOHFWHGDQG UHPLWWHG WRWKHVFKRROGLVWULFWIRUWKHFRQVWUXFWLRQRIDVFKRRO Raley’s Landing Fund WRDFFRXQWIRUGHYHORSHULPSDFWIHHVXVHGIRULPSURYHPHQWVLQWKH5DOH\¶V/DQGLQJ GLVWULFW Yolo County Impact Fees Fund WR DFFRXQWIRU GHYHORSHUIHHVZKLFK DUH FROOHFWHG DQG UHPLWWHGWRWKH FRXQW\ IRUURDGGHYHORSPHQW
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Business Improvement Fund  WR DFFRXQW IRU VSHFLDO EHQHILW DVVHVVPHQWV IRU LPSURYHPHQWV LQ D EXVLQHVV LPSURYHPHQWVGLVWULFW
River City Stadium Financing Authority Fund WRDFFRXQWIRUWKHDFWLYLW\UHODWHGWRWKHLVVXDQFHRIWKHERQGV LQ FRQMXQFWLRQZLWKWKH&LW\RI6DFUDPHQWR&DOLIRUQLDDQGWKH5LYHU&LW\6WDGLXP)LQDQFLQJ$XWKRULW\ Sacramento Yolo Finance Authority Fund  WR DFFRXQW IRU WKH DFWLYLW\ UHODWHG WR WKH LVVXDQFH RI ERQGV LQ FRQMXQFWLRQZLWKWKH6DFUDPHQWR<ROR)LQDQFLQJ$XWKRULW\ West Sacramento Area Flood Control Agency Funds WRDFFRXQWIRUUHYHQXHVDQGDVVRFLDWHGH[SHQGLWXUHV RIIORRG DVVHVVPHQWOHYLHGRQSURSHUW\RZQHUVIRUPDLQWHQDQFHDQGFRQVWUXFWLRQRIOHYHHDQGSUHYHQWLRQ RIIORRGLQWKH &LW\
2015 WSAFCA Bond Debt Service Fund – 7KH)ORRG%RQG'HEW6HUYLFH)XQGLVXVHGWRDFFRXQWIRU WKH DFFXPXODWLRQ RI UHVRXUFHV DQG SD\PHQWV RI ERQG SULQFLSDO DQG LQWHUHVW RI WKH $VVHVVPHQW 5HYHQXH %RQGV 6HULHV  LVVXHG WR ILQDQFH WKH FRQVWUXFWLRQ RI FHUWDLQ SXEOLF FDSLWDO LPSURYHPHQWV UHODWHG WR OHYHH LPSURYHPHQWVDQGIORRGFRQWURO
2020 WSAFCA Bond Debt Service Fund – 7KH)ORRG%RQG'HEW6HUYLFH)XQGLVXVHGWRDFFRXQWIRU WKH DFFXPXODWLRQ RI UHVRXUFHV DQG SD\PHQWV RI ERQG SULQFLSDO DQG LQWHUHVW RI WKH $VVHVVPHQW 5HYHQXH %RQGV 6HULHV  LVVXHG WR ILQDQFH WKH FRQVWUXFWLRQ RI FHUWDLQ SXEOLF FDSLWDO LPSURYHPHQWV UHODWHG WR OHYHH LPSURYHPHQWV DQG IORRG FRQWURO DQG WR UHIXQG WKH UHPDLQLQJ SRUWLRQ RI WKH $VVHVVPHQW 5HYHQXH %RQGV 6HULHV
1R  6H  ULHV

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 6  WDSOHV3URMHFW 1R
 5LYH  U5DQFK 1R  <D  UERURXJK
1R  5D  OH\)LHOG 1R  %ULGJHZD\,  , &)'1R  %  ULGJH'LVWULFW 1R  1HZSRUW(V  WDWHV 1R  3DU  OLQ5DQFK'HEW 1R  5LYH  UV,, 1R  6H  ULHV 1R  7ULDQJ  OH$UHD'HEW 1RDQG6SHFLDO7D[5HIXQG 1R  3KHDVDQW  +ROORZ 6SHFLDO7D[5HYHQXH%RQG &)'&RQVWUXFWLRQ)XQG 1R  %  ULGJHZD\/DNHV 1R  %  ULGJHZD\6HULHV 1R  3R  UW7RZQH
1R  3D  UHOOD 1R  *DWHZD\  6HULHV
189
503
ASSETS
Cash and cash equivalents $ 28,902 3,428,263 $ 916,048 $ $ 655,950 Receivables:

Accounts - - - -
Accrued interest 8,739 74 889 1,675
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Due from other governments 941 150,168 14,432 38,712
Restricted assets:

Cash and investments - - - -
Cash and investments in fiscal agent - - - 639,508
Total assets 3,587,170 29,917 931,369 1,335,845

LIABILITIES
Accounts payable - - - -
Unavailable revenues - - - -
Unearned revenues - - - -
Due to external parties/other agencies 29,917 3,587,170 931,369 1,335,845 Total liabilities 3,587,170 29,917 931,369 1,335,845

DEFERRED INFLOWS OF RESOURCES
Lease related - - - -
Total deferred inflows of resources - - - -

NET POSITION
Restricted for:

Individuals and organizations - - - -
Total net position $ - $ - $ - $ -
No. 9 Staples
No. 12 Raley's
Field
No. 14
Newport
Estates

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2023
No. 8 Series
1999
190
504
ASSETS
Cash and cash equivalents
Receivables:

Accounts
Accrued interest
Grants
Leases
Prepaid costs
Due from other governments
Restricted assets:

Cash and investments
Cash and investments in fiscal agent
Total assets

LIABILITIES
Accounts payable
Unavailable revenues
Unearned revenues
Due to external parties/other agencies
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Lease related
Total deferred inflows of resources

NET POSITION
Restricted for:

Individuals and organizations
Total net position

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2023 (Continued)
$ 159,254 766,083 $ 626,180 $ $ 412,853
- - - -
406 1,947 1,603 1,052
- - - -
- - - -
- - - -
7,706 - 48,405 18,276
- - - -
- 1,837,480 45,647 -
167,366 2,605,510 721,835 432,181
- - - -
- - - -
- - - -
2,605,510 167,366 721,835 432,181
167,366 2,605,510 721,835 432,181
- - - -
- - - -
- - - -
$ - - $ - $ - $
No. 15
Pheasant
Hollow
No. 16
Bridgeway
Lakes No. 17 Parella
No. 8 Series
2001
191
505
ASSETS
Cash and cash equivalents
Receivables:

Accounts
Accrued interest
Grants
Leases
Prepaid costs
Due from other governments
Restricted assets:

Cash and investments
Cash and investments in fiscal agent
Total assets

LIABILITIES
Accounts payable
Unavailable revenues
Unearned revenues
Due to external parties/other agencies
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Lease related
Total deferred inflows of resources

NET POSITION
Restricted for:

Individuals and organizations
Total net position

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2023
$ 226,637 78,554 $ 758,798 $ $ 241,316
- - - -
578 200 1,935 618
- - - -
- - - -
- - - -
10,057 3,152 35,700 10,609
- - - -
- - 768,459 -
237,272 81,906 1,564,892 252,543
- - - -
- - - -
- - - -
81,906 237,272 1,564,892 252,543
237,272 81,906 1,564,892 252,543
- - - -
- - - -
- - - -
$ - - $ - $ - $
No. 18
Gateway Unit 4
No. 19 River
Ranch
No. 20
Bridgeway II
No. 21 Parlin
Ranch Debt
192
506
ASSETS
Cash and cash equivalents
Receivables:

Accounts
Accrued interest
Grants
Leases
Prepaid costs
Due from other governments
Restricted assets:

Cash and investments
Cash and investments in fiscal agent
Total assets

LIABILITIES
Accounts payable
Unavailable revenues
Unearned revenues
Due to external parties/other agencies
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Lease related
Total deferred inflows of resources

NET POSITION
Restricted for:

Individuals and organizations
Total net position

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2023 (Continued)
$ - 515,547 $ 1,956,242 $ $ 387,867
- - - -
- 1,313 4,990 989
- - - -
- - - -
- - - -
- 18,420 94,514 17,779
- - - -
1,965,565 - - -
1,965,565 535,280 2,055,746 406,635
- 972 - -
- - - -
- - - -
535,280 1,964,593 2,055,746 406,635
1,965,565 535,280 2,055,746 406,635
- - - -
- - - -
- - - -
$ - - $ - $ - $
2006 Special
Tax Revenue
Bonds
No. 11
Gateway
Series 2006
No. 10
Bridgeway
Series 2006
No. 23 Triangle
Area Debt
193
507
ASSETS
Cash and cash equivalents
Receivables:

Accounts
Accrued interest
Grants
Leases
Prepaid costs
Due from other governments
Restricted assets:

Cash and investments
Cash and investments in fiscal agent
Total assets

LIABILITIES
Accounts payable
Unavailable revenues
Unearned revenues
Due to external parties/other agencies
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Lease related
Total deferred inflows of resources

NET POSITION
Restricted for:

Individuals and organizations
Total net position

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2023
$ 48,415 155,789 $ 1,962,720 $ $ 53,333
- - - -
123 396 4,997 135
- - - -
- - - -
- - - -
- 4,459 77,845 -
- - - -
- - 1,095,964 522,802
48,538 160,644 3,141,526 576,270
- - 2,755 -
- - - -
- - - -
160,644 48,538 3,138,771 576,270
48,538 160,644 3,141,526 576,270
- - - -
- - - -
- - - -
$ - - $ - $ - $
2012 Special
Tax Refunding
No. 27 Bridge Bond
No. 26
Yarborough
No. 24
Bridgeway
194
508
ASSETS
Cash and cash equivalents
Receivables:

Accounts
Accrued interest
Grants
Leases
Prepaid costs
Due from other governments
Restricted assets:

Cash and investments
Cash and investments in fiscal agent
Total assets

LIABILITIES
Accounts payable
Unavailable revenues
Unearned revenues
Due to external parties/other agencies
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Lease related
Total deferred inflows of resources

NET POSITION
Restricted for:

Individuals and organizations
Total net position

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2023 (Continued)
$ 18,315 - $ 158,727 $ $ 57,183
- - - -
46 - 406 -
- - - -
- - - -
- - - -
- - 12,502 -
- - - -
- 865,035 248,152 -
18,361 865,035 419,787 57,183
- 35 - 57,183
- - - -
- - - -
865,000 18,361 419,787 -
18,361 865,035 419,787 57,183
- - - -
- - - -
- - - -
$ - - $ - $ - $
No. 29 Port
No. 28 Rivers II Towne
Sacramento
Regional
Community
Services
District
No. 21, 23 and
24 Special Tax
Refund
195
509
ASSETS
Cash and cash equivalents
Receivables:

Accounts
Accrued interest
Grants
Leases
Prepaid costs
Due from other governments
Restricted assets:

Cash and investments
Cash and investments in fiscal agent
Total assets

LIABILITIES
Accounts payable
Unavailable revenues
Unearned revenues
Due to external parties/other agencies
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Lease related
Total deferred inflows of resources

NET POSITION
Restricted for:

Individuals and organizations
Total net position

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2023
$ 59 117,157 $ 561,077 $ $ 25,432
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
59 117,157 561,077 25,432
- - - -
- - - -
- - - -
5 117,157 9 561,077 25,432
59 117,157 561,077 25,432
- - - -
- - - -
- - - -
$ - - $ - $ - $
Yolo County
Environmental
Health
Yolo County
Impact Fees
Raley's
Landing
Washington
School Impact
Fees
196
510
ASSETS
Cash and cash equivalents
Receivables:

Accounts
Accrued interest
Grants
Leases
Prepaid costs
Due from other governments
Restricted assets:

Cash and investments
Cash and investments in fiscal agent
Total assets

LIABILITIES
Accounts payable
Unavailable revenues
Unearned revenues
Due to external parties/other agencies
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Lease related
Total deferred inflows of resources

NET POSITION
Restricted for:

Individuals and organizations
Total net position

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2023 (Continued)
$ - 8,461 $ 134,062 $ $ 34,172,636
14,343 - - 40,762
- 21 331 63,887
- - - 3,246,415
- - - 37,377
- - - 7,161
- - - 275,473
- - - 850,577
6,959,336 - - -
6,973,679 8,482 134,393 38,694,288
1 - ,674 - 359,317
8 - ,396 - 42,478
- - - 14,573,639
8,482 6,963,609 134,393 2,084,489
6,973,679 8,482 134,393 17,059,923
- - - 34,611
- - - 34,611
- - - 21,599,754
$ - - $ - $ 21,599,754 $

WSAFCA JPA
Construction
Fund
Sacramento
Yolo Finance
Authority
River Stadium
Financing
Authority
Business
Improvement
197
511
ASSETS
Cash and cash equivalents
Receivables:

Accounts
Accrued interest
Grants
Leases
Prepaid costs
Due from other governments
Restricted assets:

Cash and investments
Cash and investments in fiscal agent
Total assets

LIABILITIES
Accounts payable
Unavailable revenues
Unearned revenues
Due to external parties/other agencies
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Lease related
Total deferred inflows of resources

NET POSITION
Restricted for:

Individuals and organizations
Total net position

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2023
$ 1,114,561 199 $ 877,603 $ $ -
- - - -
2,810 1 1,509 -
- - - -
- - - -
- - - -
- - - -
- - - -
1,780,722 - - 762,041
2,898,093 200 879,112 762,041
- - - 2,500
- - - -
- - - -
200 2,898,093 879,112 759,541
2,898,093 200 879,112 762,041
- - - -
- - - -
- - - -
$ - - $ - $ - $
2011 Flood
Bond Debt
Fund
CFD 17 2017
Construction
Fund
2020 WSAFCA
Bond DSF
2015 WSAFCA
Bond DSF
198
512
ASSETS
Cash and cash equivalents
Receivables:

Accounts
Accrued interest
Grants
Leases
Prepaid costs
Due from other governments
Restricted assets:

Cash and investments
Cash and investments in fiscal agent
Total assets

LIABILITIES
Accounts payable
Unavailable revenues
Unearned revenues
Due to external parties/other agencies
Total liabilities

DEFERRED INFLOWS OF RESOURCES
Lease related
Total deferred inflows of resources

NET POSITION
Restricted for:

Individuals and organizations
Total net position

CITY OF WEST SACRAMENTO
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2023
Total
Custodial
Funds
$ 8,097 $ 50,632,320
- 55,105
- 101,670
- 3,246,415
- 37,377
- 7,161
- 839,150
- 850,577
328,216 17,818,927
73,588,702 336,313
- 424,436
- 50,874
- 14,573,639
336,313 36,905,388
51,954,337 336,313
- 34,611
34,611 -
- 21,599,754
$ 21,599,754 - $
2022 Special
Tax Refunding
199
513

ADDITIONS
Contributions:

Employer $ - $ - $ - $ -
Total contributions - - - -
Investment earnings:

Interest 27,997 251 6,724 30,322
Total investment earnings 251 27,997 6,724 30,322
Taxes 3,026,846 18,826 288,639 774,246
Intergovernmental - - - -
Miscellaneous - - - -
Total additions 3,054,843 19,077 295,363 804,568

DEDUCTIONS
Contractual services - - - -
Capital outlay - - - -
Interest expense - - 92,852 208,229
Principal expense - - 370,921 255,000
Contributions to other governments 3,054,843 19,077 (168,410) 341,339 Total deductions 3,054,843 19,077 295,363 804,568
Net increase (decrease) in fiduciary net position - - - - Net position-beginning, as restated - - - -
Net position-ending $ - $ - $ - $ -

CITY OF WEST SACRAMENTO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2023
No. 8 Series
1999 No. 9 Staples
No. 12
Raley's Field
No. 14
Newport
Estates
200
514

ADDITIONS
Contributions:

Employer
Total contributions
Investment earnings:

Interest
Total investment earnings
Taxes
Intergovernmental
Miscellaneous
Total additions

DEDUCTIONS
Contractual services
Capital outlay
Interest expense
Principal expense
Contributions to other governments
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning, as restated
Net position-ending

CITY OF WEST SACRAMENTO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2023 (Continued)
$ - 3,129,490 $ - $ $ -
- 3,129,490 - -
1 126,969 ,040 3,893 6,381
1 126,969 ,040 3,893 6,381
- 154,127 968,093 365,526
- - - -
- - - -
3,256,459 155,167 971,986 371,907
- - - -
- - - -
- 1,037,013 - -
- 2,090,000 - -
129,446 155,167 971,986 371,907
3,256,459 155,167 971,986 371,907
- - - -
- - - -
$ - - $ - $ - $
No. 8 Series
2001
No. 15
Pheasant
Hollow
No. 16
Bridgeway
Lakes No. 17 Parella
201
515

ADDITIONS
Contributions:

Employer
Total contributions
Investment earnings:

Interest
Total investment earnings
Taxes
Intergovernmental
Miscellaneous
Total additions

DEDUCTIONS
Contractual services
Capital outlay
Interest expense
Principal expense
Contributions to other governments
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning, as restated
Net position-ending

CITY OF WEST SACRAMENTO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2023
$ - - $ $ - $ -
- - - -
1 622 ,645 30,817 1,854
1 622 ,645 30,817 1,854
63,030 201,132 714,006 212,172
- - - -
- - - -
63,652 202,777 744,823 214,026
- - - -
- - - -
- - 297,994 -
- - 395,000 -
63,652 202,777 51,829 214,026
63,652 202,777 744,823 214,026
- - - -
- - - -
$ - - $ - $ - $
No. 18
Gateway Unit
4 No. 19 River
Ranch
No. 21 Parlin
Ranch Debt
No. 20
Bridgeway II
202
516

ADDITIONS
Contributions:

Employer
Total contributions
Investment earnings:

Interest
Total investment earnings
Taxes
Intergovernmental
Miscellaneous
Total additions

DEDUCTIONS
Contractual services
Capital outlay
Interest expense
Principal expense
Contributions to other governments
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning, as restated
Net position-ending

CITY OF WEST SACRAMENTO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2023 (Continued)
$ - 3,486,115 $ $ - $ -
- 3,486,115 - -
4,431 64,306 12,847 2,628
4,431 64,306 12,847 2,628
- 414,709 1,890,279 355,587
- - - -
- - - -
419,140 3,550,421 1,903,126 358,215
- - - -
- - - -
- 1,318,205 - -
- 2,255,000 - -
419,140 (22,784) 1,903,126 358,215
419,140 3,550,421 1,903,126 358,215
- - - -
- - - -
$ - - $ - $ - $
2006 Special
Tax Revenue
Bonds
No. 23
Triangle Area
Debt
No. 10
Bridgeway
Series 2006
No. 11
Gateway
Series 2006
203
517

ADDITIONS
Contributions:

Employer
Total contributions
Investment earnings:

Interest
Total investment earnings
Taxes
Intergovernmental
Miscellaneous
Total additions

DEDUCTIONS
Contractual services
Capital outlay
Interest expense
Principal expense
Contributions to other governments
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning, as restated
Net position-ending

CITY OF WEST SACRAMENTO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2023
$ - - $ $ - $ 477,877
- - - 477,877
1,315 618 79,706 9,485
1,315 618 79,706 9,485
- 89,170 1,821,522 -
- - - -
- - - -
90,485 1,901,228 618 487,362
- - - -
- - - -
- - 1,141,359 168,079
- - 640,000 310,000
90,485 618 119,869 9,283
90,485 1,901,228 618 487,362
- - - -
- - - -
$ - - $ - $ - $
2012 Special
Tax Refunding
No. 27 Bridge Bond
No. 26
Yarborough
No. 24
Bridgeway
204
518

ADDITIONS
Contributions:

Employer
Total contributions
Investment earnings:

Interest
Total investment earnings
Taxes
Intergovernmental
Miscellaneous
Total additions

DEDUCTIONS
Contractual services
Capital outlay
Interest expense
Principal expense
Contributions to other governments
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning, as restated
Net position-ending

CITY OF WEST SACRAMENTO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2023 (Continued)
$ - 844,299 $ - $ $ -
- 844,299 - -
26,018 239 9,032 -
26,018 239 9,032 -
- - 250,034 -
- - - 1,217,220
- - - -
870,317 239 259,066 1,217,220
- - - -
- - - -
- 356,569 170,850 -
- 475,000 65,000 -
38,748 239 23,216 1,217,220
870,317 239 259,066 1,217,220
- - - -
- - - -
$ - - $ - $ - $
Sacramento
Regional
Community
Services
District
No. 29 Port
Towne
No. 28 Rivers
II
No. 21, 23
and 24 Special
Tax Refund
205
519

ADDITIONS
Contributions:

Employer
Total contributions
Investment earnings:

Interest
Total investment earnings
Taxes
Intergovernmental
Miscellaneous
Total additions

DEDUCTIONS
Contractual services
Capital outlay
Interest expense
Principal expense
Contributions to other governments
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning, as restated
Net position-ending

CITY OF WEST SACRAMENTO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2023
$ - - $ $ - $ -
- - - -
- - - -
- - - -
- - - -
2 2,279,263 1,649,993 0 19,790
- - - -
2 2,279,263 1,649,993 0 19,790
- - - -
- - - -
- - - -
- - - -
2 2,279,263 1,649,993 0 19,790
2 2,279,263 1,649,993 0 19,790
- - - -
- - - -
$ - - $ - $ - $
Yolo County
Environmental
Health
Yolo County
Impact Fees
Raley's
Landing
Washington
School Impact
Fees
206
520

ADDITIONS
Contributions:

Employer
Total contributions
Investment earnings:

Interest
Total investment earnings
Taxes
Intergovernmental
Miscellaneous
Total additions

DEDUCTIONS
Contractual services
Capital outlay
Interest expense
Principal expense
Contributions to other governments
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning, as restated
Net position-ending

CITY OF WEST SACRAMENTO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2023 (Continued)
$ - $ (46) $ - $ -
- (46) - -
108 31,245 4,854 (11,632)
108 31,245 4,854 (11,632)
- - - 5,743,226
- 3,515,950 - 13,148,861
- - - 9,375
3,547,149 108 4,854 18,889,830
- - - -
- - - 2,518,014
- 1,588,876 - -
- 1,930,000 - -
108 28,273 4,854 5,901,633
3,547,149 108 4,854 8,419,647
- - - 10,470,183
- - - 11,129,571
$ - - $ - $ 21,599,754 $

WSAFCA JPA
Construction
Fund
Sacramento
Yolo Finance
Authority
River
Stadium
Financing
Authority
Business
Improvement
207
521

ADDITIONS
Contributions:

Employer
Total contributions
Investment earnings:

Interest
Total investment earnings
Taxes
Intergovernmental
Miscellaneous
Total additions

DEDUCTIONS
Contractual services
Capital outlay
Interest expense
Principal expense
Contributions to other governments
Total deductions
Net increase (decrease) in fiduciary net position
Net position-beginning, as restated
Net position-ending

CITY OF WEST SACRAMENTO
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Custodial Funds
For the Year Ended June 30, 2023
Total
Custodial
Funds
$ - - $ - $ $ 7,937,735
- - - 7,937,735
- 125,667 25,470 624,852
- 125,667 25,470 624,852
- - - 17,351,170
- - - 21,831,097
- - - 9,375
- 125,667 25,470 47,754,229
- - - -
- - - 2,518,014
- 1,151,288 313,701 7,845,015
- 520,000 410,000 9,715,921
- (1,545,621) (698,231) 17,205,096
- 125,667 25,470 37,284,046
- - - 10,470,183
- - - 11,129,571
$ - - $ $ 21,599,754 - $
2020
WSAFCA
Bond DSF
2015
WSAFCA
Bond DSF
2011 Flood
Bond Debt
Fund
208
522
67$7,67,&$/6(&7,21
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THIS PAGE INTENTIONALLY LEFT BLANK
210
524
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014

GOVERNMENTAL ACTIVITIES
Net investment in capital assets 372,755 $ 357,851$ 359,368$ 350,250$ 334,970$ 326,452$ 327,460$ 332,044$ 330,739$ 314,738$ Restricted 152,855 126,805 102,177 100,633 101,648 59,678 89,067 94,407 88,076 80,814Unrestricted 83,341 80,384 66,572 50,999 23,074 53,020 8,628 (4,204) (5,636) 49,714 Total governmental activities net position 608,951 $ 565,040$ 528,117$ 501,882$ 459,692$ 439,150$ 425,155$ 422,247$ 413,179$ 445,266$

BUSINESS-TYPE ACTIVITIES
Net investment in capital assets 86,473 $ 80,104$ 80,755$ 80,843$ 82,271$ 84,676$ 108,234$ 107,080$ 104,892$ 109,835$ Restricted 8 8 8 6,387 20,423 24,132 159 1,101 1,465 1,466Unrestricted 53,409 51,113 47,324 41,830 18,421 13,474 18,606 19,333 19,848 20,626 Total business-type activities net position 139,890 $ 131,225$ 128,087$ 129,060$ 121,115$ 122,282$ 126,999$ 127,514$ 126,205$ 131,927$

PRIMARY GOVERNMENT
Net investment in capital assets 459,228 $ 437,955$ 440,123$ 431,093$ 417,241$ 411,128$ 435,694$ 439,124$ 435,631$ 424,573$ Restricted 152,863 126,813 102,185 107,020 122,071 83,810 89,226 95,508 89,541 82,280Unrestricted 136,750 131,497 113,896 92,829 41,495 66,494 27,234 15,129 14,212 70,340 Total primary government net position 748,841 $ 696,265$ 656,204$ 630,942$ 580,807$ 561,432$ 552,154$ 549,761$ 539,384$ 577,193$ * RD 900 became a blended component unit of the City in the 2020 fiscal year. The amounts above prior to the 2020 fiscal year do not include RD 900 financial information. Source: City Finance Division

CITY OF WEST SACRAMENTO
NOTE: Information was not available from the City's pension plan to report both the pension liability and changes in pension liability under GASB Statement No. 68 prior to 2015.Consequently, the amounts reported above are prior to restatement. (amounts expressed in thousands)
(accrual basis of accounting)

LAST TEN FISCAL YEARS

NET POSITION BY COMPONENTS
211
525
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
EXPENSESGovernmental activities:

General government 26,971 $ 17,389 $ 25,500 $ 24,505 $ 12,868 $ 7,814 $ 5,534 $ 8,404 $ 11,856 $ 11,478 $ Public works 30,094 23,767 20,083 30,331 36,672 32,062 22,356 19,521 19,907 24,286 Public safety 40,132 41,343 50,283 39,586 37,522 35,357 40,119 34,171 29,331 29,167Community development 6,918 4,843 5,069 7,563 5,820 4,809 6,567 7,002 6,373 5,924Landscaping and street lighting 3,800 3,581 3,077 3,443 4,371 2,847 2,462 2,323 2,189 2,359Culture and recreation 10,219 8,017 8,310 7,204 7,004 8,943 9,008 9,194 11,577 7,332Housing rehabilitation 6,483 1,755 1,038 1,361 346 873 493 584 3,476 1,821Interest on long-term debt 377 400 428 734 898 864 916 959 751 1,282 124,994 101,095 113,788 114,727 105,501 93,569 87,455 82,158 85,460 83,649 Business-type activities:

Sewer 13,772 14,830 15,279 14,539 13,443 13,028 13,684 12,010 11,404 9,727Water 12,685 13,096 16,378 13,722 12,831 13,925 13,673 11,283 11,460 10,080Port 2,906 2,663 2,712 2,955 2,778 3,600 3,181 3,111 3,181 3,218Refuse 10,433 10,478 8,791 8,623 7,637 7,409 7,194 7,046 6,528 6,338 39,796 41,067 43,160 39,839 36,689 37,962 37,732 33,450 32,573 29,363 164,790 142,162 156,948 154,566 142,190 131,531 125,187 115,608 118,033 113,012 PROGRAM REVENUESGovernmental activities:

Charges for services:

General government - 2,909 3,568 2,916 3,579 1,730 2,289 2,984 2,772 2,871 Public works - 8,948 8,460 5,048 4,094 3,714 2,938 3,041 4,939 4,303Public safety - 656 449 707 871 874 639 748 578 541Community development - 4,964 5,534 6,872 4,600 3,737 3,487 2,884 3,122 2,859Landscaping and street lighting - (18) - 144 14 16 142 - 124 1Culture and recreation - 1,771 1,170 1,911 2,754 2,698 2,692 2,724 2,460 2,564Housing rehabilitation - 1,434 1,066 1,430 774 381 277 167 569 1,181 Operating grants and contributions - 32,956 32,096 24,360 21,844 17,526 17,477 22,332 21,124 17,977Capital grants and contributions - 10,265 6,059 18,069 8,091 21,742 7,178 5,424 7,317 4,415 - $ 63,885 $ 58,402 $ 61,457 $ 46,621 $ 52,418 $ 37,119 $ 40,304 $ 43,005 $ 36,712 $ *There may be immaterial rounding differences between the figures presented in this table and in the statement of changes in fiduciary net position presented within the Financial Section.

CITY OF WEST SACRAMENTO

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS
(accrual basis of accounting)
(amounts expressed in thousands)
212
526
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Business-type activities:

Charges for services:

Sewer - $ 14,845 $ 14,186 $ 15,506 $ 13,393 $ 12,894 $ 13,037 $ 11,613 $ 11,191 $ 9,697 $ Water - 18,672 19,491 17,252 15,174 14,759 11,693 10,719 10,564 11,523 Port - 2,201 2,650 2,591 2,628 2,538 2,736 2,268 2,098 2,573Refuse - 11,265 10,291 9,769 9,168 8,387 7,318 7,151 6,777 6,323 Operating grants and contributions - 230 536 320 264 229 570 553 107 173Capital grants and contributions - - - - - - 1,025 - - - - 47,213 47,154 45,438 40,627 38,807 36,379 32,304 30,737 30,289- 111,098 105,556 106,895 87,248 91,225 73,498 72,608 73,742 67,001

NET (EXPENSES) REVENUES
Governmental activities - (37,210) (55,386) (53,270) (58,880) (41,151) (50,336) (41,854) (42,455) (46,937)Business-type activities - 6,146 3,994 5,599 3,938 845 (1,353) (1,146) (1,836) 926 - (31,064) (51,392) (47,671) (54,942) (40,306) (51,689) (43,000) (44,291) (46,011)

GENERAL REVENUES AND OTHER CHANGES IN

NET POSITION
Governmental activities:

Taxes
Property Taxes - 33,244 31,970 30,194 26,540 25,013 23,860 22,424 21,014 19,096 Sales and use tax - 43,864 38,959 34,898 33,286 27,008 23,034 24,034 23,156 22,339Transient occupancy tax - 2,200 1,298 1,481 1,897 1,686 1,580 1,421 1,290 1,129Other taxes - 3,722 3,238 3,122 3,023 2,958 1,811 1,756 1,862 1,627 Intergovernmental, unrestricted - 58 103 1,673 259 1,310 75 65 37 22Investment earnings - (4,372) 500 4,974 1,708 1,544 1,556 2,215 1,410 2,122Miscellaneous - 59 87 1,021 4,762 1,037 1,974 208 730 239Special Items: - (8,308) 48 - - - - - - - --------- -- - - - - - - - 15,141 -- - - - - - - - (1,446) -- - - - - - - - 1,400 - Transfers - 3,666 4,361 (930) 7,947 5,438 (646) (1,201) 2,757 2,427 Total governmental activities - $ 74,133 80,564 76,433 79,422 65,994 53,244 50,922 67,351 49,001*There may be immaterial rounding differences between the figures presented in this table and in the statement of changes in fiduciary net position presented within the Financial Section. (amounts expressed in thousands)
(accrual basis of accounting)

LAST TEN FISCAL YEARS
CHANGES IN NET POSITION (Continued)

CITY OF WEST SACRAMENTO
Successor Agency assets and liabilitiesContribution of assets by Successor AgencyContribution of land to Successor AgencyForgiven Lighthouse Assessment District loan 213
527
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Business-type activities:

Intergovernmental, unrestricted - $ - $ - $ - $ - $ - $ - $ 100 $ 198 $ - $ Investment earnings - (993) 352 1,143 1,080 384 192 219 124 95 Miscellaneous - 1,651 3,084 272 2 282 - 53 (3) 58
Gain on disposal of capital assets - - (4,104) - 1,760 211 - 882 - 19 Special Items: Treatment plant impairment loss - - - - - - - - Transfers - (3,666) (4,300) 930 (7,947) (5,438) 646 1,201 (2,757) (2,427) Total business-type activities - (3,008) (4,968) 2,345 (5,105) (4,561) 838 2,455 (2,438) (2,255)Total primary government - 71,125 75,596 78,778 74,317 61,433 54,082 53,377 64,913 46,746Changes in Net Position Governmental activities - 36,923 25,178 23,163 20,542 24,843 2,909 9,068 24,896 2,064Business-type activities - 3,138 (974) 7,945 (1,167) (3,716) (515) 1,309 (4,274) (1,329) Total primary government - $ 40,061 $ 24,204 $ 31,108 $ 19,375 $ 21,127 $ 2,394 $ 10,377 $ 20,622 $ 735 $ * RD 900 became a blended component unit of the City in the 2020 fiscal year. The amounts above prior to the 2020 fiscal year do not include RD 900 financial information.

Source: City Finance Division*There may be immaterial rounding differences between the figures presented in this table and in the statement of changes in fiduciary net position presented within the Financial Section.

NOTE: Information was not available from the City's pension plan to report both the pension liability and changes in pension liability under GASB Statement No. 68 prior to 2015. Consequently, the amounts reported above are prior to restatement.
(amounts expressed in thousands)
(accrual basis of accounting)

LAST TEN FISCAL YEARS
CHANGES IN NET POSITION (Continued)

CITY OF WEST SACRAMENTO
214
528
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014

GENERAL FUND
Nonspendable 8,908 $ 8,579 $ 8,331 $ 8,929 $ 7,921 $ 8,884$ 8,982 $ 9,353 $ 12,829 $ 8,560$ Restricted - 136 136 136 - - - 1,900 1,900 1,900
Committed 31,190 17,115 17,116 13,898 14,166 14,282 9,613 9,293 8,493 7,600 Assigned - - - - - 3,168 3,169 3,716 4,264 -Unassigned 25,030 40,338 24,451 24,361 32,936 20,452 25,162 16,030 12,913 21,703 TOTAL GENERAL FUND 65,128 $ 66,168 $ 50,034 $ 47,324$ 55,023$ 46,786$ 46,926 $ 40,292 $ 40,399 $ 39,763 $

ALL OTHER GOVERNMENTAL FUNDS
Nonspendable 11,994 $ 1,722 $ 8,605 $ 1,679 $ 13,083 $ 61,243$ 60,553 $ 56,403 $ 54,195$ 53,317 $ Restricted 152,855 104,212 109,588 107,776 88,564 30,750 27,510 33,085 32,625 26,159 Committed 77,974 109,626 82,416 77,679 40,242 40,906 19,010 20,000 22,284 24,826 Assigned 677 354 355 359 - - 335 332 328 328Unassigned, reported in Special revenue funds (6) (6) (1) 1,256 80 - (35) (631) (200) (6,117) Debt service funds - - - - - - - - - -
Capital projects funds (6,081) (6,898) (7,921) (11,424) (4,459) (6,271) (6,427) (6,551) (6,461) (6,966) TOTAL ALL OTHERGOVERNMENTAL FUNDS 237,413 $ 209,010 $ 193,042 $177,325 $ 137,510 $126,628 $100,946 $ 102,638$ 102,771 $ 91,547$ Source: City Finance Division

FUND BALANCES OF GOVERNMENTAL FUNDS

CITY OF WEST SACRAMENTO
* RD 900 became a blended component unit of the City in the 2020 fiscal year. The amounts above prior to the 2020 fiscal year do not include RD 900 financialinformation. *There may be immaterial rounding differences between the figures presented in this table and in the balance sheet of governmental funds presented within the FinancialSection. (amounts expressed in thousands)
(modified accrual basis of accounting)

LAST TEN FISCAL YEARS
NOTE 1: The City implemented GASB statement No. 54 during Fiscal Year 2013, resulting in reserved fund balances in governmental funds being reclassified into thecurrent categories. This change was implemented prospectively. 215
529
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014

REVENUES
Taxes 81,291 $ 77,359 $ 70,070 $ 64,450 $ 62,037 $ 54,070 $ 48,675 $ 48,106 $ 45,659 $ 42,732 $ Special benefit assessment for operations 13,191 13,938 12,083 12,854 10,617 9,085 8,533 8,590 6,011 6,843 Contributions from developers and homeowners 1,410 1,431 2,404 6,119 2,496 15,008 4,626 6,006 4,859 5,263 Franchise fees 2,975 2,681 2,579 2,459 2,359 2,298 1,335 1,252 1,267 1,191 Fees, licenses and permits 14,822 18,661 10,070 20,553 6,486 6,616 4,296 2,944 9,133 4,759 Fines and forfeitures 250 266 268 382 325 297 242 286 216 187 Use of money and property 3,364 (4,338) 569 5,513 4,191 1,256 364 1,076 418 272 Intergovernmental revenues 23,205 19,505 22,899 10,539 13,047 8,957 8,816 11,334 12,991 7,243 Charges for services 15,101 9,790 9,482 10,849 10,774 9,427 8,734 7,542 7,456 7,989 Contributions from CFDs 160 - - - - - - - - -
Program income - - - - - - - - - -
Other revenues 1,990 3,574 3,569 4,064 2,675 2,211 3,896 2,240 2,665 1,892 157,759 142,867 133,993 137,782 115,007 109,225 89,517 89,376 90,675 78,371

EXPENDITURES
General government 25,023 25,831 29,979 20,198 18,256 11,883 2,370 6,803 11,007 8,948 Public works 17,251 10,998 9,743 19,400 15,129 13,778 12,330 10,924 11,600 13,092 Public safety 42,036 40,747 38,530 35,820 33,948 31,743 36,476 34,155 28,683 29,063Community development 6,025 5,725 5,374 7,281 5,419 4,501 6,258 6,896 6,221 5,804Landscaping and street lighting 3,800 3,491 2,987 3,353 4,282 2,755 2,462 2,315 2,176 2,330Culture and recreation 9,457 8,225 7,643 8,516 8,495 8,183 7,573 8,089 6,881 6,643 Housing rehabilitation 6,483 1,755 1,038 1,355 533 873 493 593 2,010 1,821 Operations and maintenance - 103 - - - - - - - -
Capital outlay 29,620 19,363 22,920 13,529 19,743 14,958 12,493 18,340 12,928 10,634 Debt service:

Principal payments 5,635 1,370 2,205 6,714 3,312 2,911 3,061 2,686 2,480 2,577 Issuance costs paid - - - - - - 35 - -
Interest and fiscal charges 431 330 404 738 818 836 889 922 919 1,179 145,761 117,938 120,823 116,904 109,935 92,421 84,405 91,758 84,905 82,091 Excess (deficiency) of revenues over expenditures 11,998 24,929 13,170 20,878 5,072 16,804 5,112 (2,382) 5,770 (3,720) (modified accrual basis of accounting)

LAST TEN FISCAL YEARS

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

CITY OF WEST SACRAMENTO
(amounts expressed in thousands)
216
530
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2023 2022 2021 2020 2019 2018 2020 2019 2018 2017

OTHER FINANCING SOURCES (USES)
Proceeds from sale of capital assets 9,866 $ 846 $ 52 $ 766 $ 4,300 $ 3,300 $ 123 $ 22 $ 1,840 $ 55 $ Proceeds from issuance of debt - 2,661 - 1,587 1,800 - 353 3,323 1,492 1,300Leases issuance 469 - - - - - - - - -Subscriptions issuance 396 - - - - - - - - -Transfers in 73,968 52,691 36,112 68,289 33,282 32,615 11,870 16,815 24,479 22,046Transfers out (69,378) (49,025) (31,751) (65,635) (25,334) (27,178) (12,516) (18,016) (21,722) (19,620) 15,321 7,173 4,413 5,007 14,048 8,737 (170) 2,144 6,089 3,781 Net change in fund balances 27,319 $ 32,102 $ 17,583 $ 25,885 $ 19,120 $ 25,541 $ 4,942 $ (238) $ 11,859 $ 61 $ Debt service as a percentage of noncapital
expenditures 5.2% 1.7% 2.7% 7.2% 4.6% 4.8% 5.5% 5.0% 4.7% 5.3% * RD 900 became a blended component unit of the City in the 2020 fiscal year. The amounts above prior to the 2020 fiscal year do not include RD 900 financial information.

Source: City Finance Division
*There may be immaterial rounding differences between the figures presented in this table and in the statement of revenues, expenditures, and changes in fund balances of governmental funds presented within the Financial Section.
(amounts expressed in thousands)
(modified accrual basis of accounting)

LAST TEN FISCAL YEARS
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS (Continued)

CITY OF WEST SACRAMENTO
217
531
Fiscal Total
Year Total Taxable Direct
Ended Residential Commercial Industrial Rural Assessed Tax June 30 Property Property Property Property Value (1) Rate 2014 2,527,440,451 $ 861,097,407 $ 1,067,256,406 $ 415,021,042 $ 4,870,815,306 $ 1.0000 2015 2,911,448,351 852,966,247 1,086,329,095 391,518,816 5,242,262,509 1.00002016 3,198,076,385 872,281,981 1,170,227,505 407,490,615 5,648,076,486 1.00002017 3,418,952,537 876,707,082 1,210,252,185 462,111,815 5,968,023,619 1.00002018 3,610,347,763 898,080,802 1,224,327,014 501,047,158 6,233,802,737 1.00002019 3,884,799,486 944,285,643 1,291,970,705 517,487,447 6,638,543,281 1.00002020 4,110,320,466 973,893,515 1,406,994,230 512,100,250 7,003,308,461 1.00002021 4,342,310,427 1,009,161,397 1,511,345,319 556,240,478 7,419,057,621 1.00002022 4,577,837,429 1,028,381,543 1,701,981,247 513,356,056 7,821,556,275 1.00002023 5,005,441,743 1,028,998,445 2,008,909,065 485,339,634 8,528,688,887 1.0000 Sources: Assessed value data provided by the California Municipal Statistics, Inc. (1) Includes the assessed value of the Redevelopment Agency of $2,077,868,964 (2013); $2,424,781,608 (2014); $2,449,410,832 (2015); $2,670,024,211 (2016); $3,270,136,086 (2017); $3,354,775,638 (2018); $3,542,382,076 (2019) and $3,730,937,499 (2020).

CITY OF WEST SACRAMENTO

ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY

LAST TEN FISCAL YEARS
(tax rate per $100 of assessed value)
NOTE 1: In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a totalmaximum rate of 1% based upon the assessed value of property 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 market value of taxable property and is subject to the limitations described above. 218
532
Fiscal General Total Washington Los Rios
Year Obligation City Unified Community
Ended Basic Debt Direct School College Yolo Total
June 30 Rate Service Rate District District County Direct Rate 2014 1.0000 - 1.0000 0.0695 0.0181 1.0876 1.1752
2015 1.0000 - 1.0000 0.0695 0.0113 1.0808 1.1616
2016 1.0000 - 1.0000 0.1083 0.0091 1.1174 1.2348
2017 1.0000 - 1.0000 0.1082 0.0141 1.1223 1.2446
2018 1.0000 - 1.0000 0.1038 0.0130 1.1168 1.2336
2019 1.0000 - 1.0000 0.0920 0.0131 1.1051 1.2102
2020 1.0000 - 1.0000 0.0810 0.0232 1.1042 1.2084
2021 1.0000 - 1.0000 0.0730 0.0223 1.0953 1.1906
2022 1.0000 - 1.0000 0.1148 0.0249 1.1397 1.2794
2023 1.0000 - 1.0000 0.1030 0.0226 1.1256 1.2512
Sources: Assessed value data provided by the California Municipal Statistics, Inc.

Overlapping Rates City Direct Rates

CITY OF WEST SACRAMENTO

DIRECT AND OVERLAPPING PROPERTY TAX RATES

LAST TEN FISCAL YEARS
(rate per $100 of assessed value)
NOTE 1: In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1.00% fixed amount. This 1.00% is sharedby all taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of Washington Unified School District and Los Rios Community College District bonds.
219
533
Percentage Percentage
of Total City of Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Taxpayer Value Value Taxpayer Value Value
Harsch Investment Corp. 165,903,781 $ 1.95% MSHQ LLC 114,096,796 $ 2.43% Sac Ziggurat LLC 107,700,000 1.26% Harsch Investment Corp. 109,125,044 2.33%ET West Sacramento LLC 91,892,256 1.08% Farmer's Rice Co-Op 63,254,520 1.35%BRE Delta Industrial Sac LP 81,701,007 0.96% JB Management LP 57,729,201 1.23%USCLP CA Southport LLC 71,393,400 0.84% RMC Pacific Materials Inc 57,813,164 1.23%West Capitol Commons LLC 70,920,774 0.83% Buzz Oates LLC 51,167,073 1.09%Bayer CropScience LP 65,675,112 0.77% River City Land Holdings Co. LLC 47,562,836 1.01%Farmer’s Rice Co-Op 63,559,127 0.75% Tony Ingoglia Salami & Cheese Co. Inc. 42,506,440 0.91%Tony’s Fine Foods 56,373,916 0.66% IKEA Property Inc. 41,905,490 0.89%Ikea Property Inc. 44,590,399 0.52% ARC FESACCA001 LLC 35,300,641 0.75%Total 819,709,772 $ 9.62% Total 620,461,205 $ 13.22%NOTE 1: The amounts shown above include the assessed value data for both the City and the Redevelopment Agency.Sources: Assessed value data provided by the California Municipal Statistics, Inc.

CITY OF WEST SACRAMENTO
2013 2023
Calendar Year

CURRENT YEAR AND NINE YEARS AGO

PRINCIPAL PROPERTY TAXPAYERS
220
534
Fiscal
Year Taxes Levied Collections
Ended for the Percentage in Subsequent Percentage
June 30 Fiscal Year Amount (1) of Levy Years Amount of Levy 2014 32,778,198 $ 32,778,198 $ 100.0% N/A 32,778,198 $ 100.0% 2015 33,614,301 33,614,301 100.0% N/A 33,614,301 100.0% 2016 33,881,865 33,881,865 100.0% N/A 33,881,865 100.0% 2017 36,961,272 36,961,272 100.0% N/A 36,961,272 100.0% 2018 37,846,802 37,846,802 100.0% N/A 37,846,802 100.0% 2019 38,749,114 38,749,114 100.0% N/A 38,749,114 100.0% 2020 38,333,935 38,333,935 100.0% N/A 38,333,935 100.0% 2021 39,548,013 39,548,013 100.0% N/A 39,548,013 100.0% 2022 41,916,476 41,916,476 100.0% N/A 41,916,476 100.0% 2023 49,318,512 49,318,512 100.0% N/A 49,318,512 100.0% Sources: Yolo County Auditor-Controller and City Finance Division Fiscal Year of the Levy
Collected within the
Total Collections to Date
(1) Excludes property taxes exchanges with state for sales, VLF and ERAF totaling $3,385,982 (2012); $3,405,087 (2014); $3,645,733 (2015); $3,909,504 (2016); $4,109,395 (2017); $4,291,785 (2018); $4,557,043 (2019), $4,790,464 (2020) nad $5,068,650 (2021). The amountspresented include City property taxes and Redevelopment Agency tax increment. On February 1, 2012, the State of California Legislator eliminated the Redevelopment Agency. Redevelopment tax increment is collected and reported in a Redevelopment Property Tax Trust Fund (RPTTF).

CITY OF WEST SACRAMENTO

PROPERTY TAX LEVIES AND COLLECTIONS

LAST TEN FISCAL YEARS
221
535

CITY OF WEST SACRAMENTO
Governmental Activities Business-type Activities
Fiscal
Year Tax Lease General Pension Water Sewer Port Total Percentage Ended Allocation Revenue Other Obligation Obligation Revenue Revenue Revenue Other Primary of Personal Per June 30 Bonds Bonds Debt Bonds Bonds Bonds Bonds Bonds Debt Government Income Capita 2014 [1] - $ 13,721 $ 4,376 $- $ 8,797 $ 57,580$ 505 $- $ 4,944 $ 89,923 $ 8.83% 1,776 $2015 [1] - 13,038 3,862 - 7,669 55,865 415 - 7,066 87,915 8.20% 1,7242016 [1] - 12,334 6,468 - 6,403 54,090 320 - 7,810 87,425 7.46% 1,6472017 [1] - 11,610 5,897 - 4,990 52,240 220 - 5,712 80,669 6.42% 1,5172018 [1] - 10,860 5,309 - 3,418 65,190 9,010 - 5,231 99,018 7.56% 1,8282019 [1] - 10,084 6,324 - 1,737 67,018 9,046 - 5,110 99,319 6.77% 1,8422020 [1] - 5,049 7,018 - 878 64,379 8,864 - 4,692 90,880 5.77% 1,6982021 [1] - 4,602 6,139 - - 68,010 8,677 - 3,695 91,123 5.23% 1,6882022 [1] - 4,147 5,308 - - 58,435 8,300 - 3,455 79,645 4.32% 1,4852023 [1] - - 5,206 - - 55,060 8,105 - 2,334 70,705 3.17% 1,284 [1] On February 1, 2012, the State of California eliminated the Redevelopment Agencies in California pursuant to Assembly Bill 1x26. The liabilitieSource: City Finance Division s of the Redevelopment Agencies
are reported as Redevelopment Obligation Retirement Fund, a private purpose trust fund.

RATIOS OF OUTSTANDING DEBT BY TYPE

LAST TEN FISCAL YEARS
(dollars in thousands, except per capita)
222
536
Percentage of
Fiscal General Tax Pension Actual Taxable
Year Obligation Allocation Obligation Value of Per
June 30 Bonds [1] Bonds Bonds Total Property Capita
2014 $ - $ 8,797 - $ 8,797$ 1.81% 174$
2015 - - 7,669 7,669 1.46% 150
2016 - - 6,403 6,403 1.13% 121
2017 - - 4,990 4,990 0.84% 94
2018 - - 3,418 3,418 0.55% 63
2019 - - 1,737 1,737 0.26% 32
2020 - - 878 878 0.13% 16
2021 - - - - 0.00% -
2022 - - - - 0.00% -
2023 - - - - 0.00% -
Source: City Finance Division
General Bonded Debt Outstanding
NOTE 2: On February 1, 2012, the State of California eliminated the Redevelopment Agencies in California pursuant to Assembly Bill 1x26. The liabilities of the Redevelopment Agencies are reported as Redevelopment Obligation Retirement Fund, a private purpose trust fund.

CITY OF WEST SACRAMENTO

RATIOS OF GENERAL BONDED DEBT OUTSTANDING

LAST TEN FISCAL YEARS
(dollars in thousands, except per capita)
NOTE 1: General bonded debt is debt payable with governmental fund resources and general obligation bonds recorded in enterprise funds (of which, the City has none). 223
537
2022/23 Assessed Valuation 9,104,422,371 $
Debt as of Estimated share of
OVERLAPPING TAX AND ASSESSMENT DEBT % Applicable (1) June 30, 2023 overlapping debt Los Rios Community College District 3.663% 448,500,000 $ 16,428,555 $ Washigton Unified School District 99.940% 124,654,270 124,579,476 River Delta Joint Unified School District School Facilities Improvement District No. 2 1.344 10,025,523 134,743 City of West Sacramento Community Facilities District No. 8 100% 18,575,000 18,575,000 City of West Sacramento Community Facilities District No. 9 100% 90,000 90,000 City of West Sacramento Community Facilities District No. 10 100% 10,852,591 10,852,591 City of West Sacramento Community Facilities District No. 11 100% 1,915,409 1,915,409 City of West Sacramento Community Facilities District No. 12 100% 2,505,891 2,505,891City of West Sacramento Community Facilities District No. 14 100% 7,175,000 7,175,000City of West Sacramento Community Facilities District No. 15 100% 1,042,543 1,042,543City of West Sacramento Community Facilities District No. 16 100% 7,718,763 7,718,763City of West Sacramento Community Facilities District No. 17 100% 3,360,000 3,360,000City of West Sacramento Community Facilities District No. 18 100% 481,147 481,147 City of West Sacramento Community Facilities District No. 19 100% 1,634,494 1,634,494 City of West Sacramento Community Facilities District No. 20 100% 6,870,000 6,870,000City of West Sacramento Community Facilities District No. 21 100% 2,135,000 2,135,000City of West Sacramento Community Facilities District No. 23 100% 4,715,000 4,715,000City of West Sacramento Community Facilities District No. 24 100% 920,000 920,000 City of West Sacramento Community Facilities District No. 27 100% 26,475,000 26,475,000 City of West Sacramento Community Facilities District No. 29 100% 3,465,000 3,465,000 California Statewide Communities Development Authority 1915 Act Bonds 100% 9,680,453 9,680,453West Sacramento Area Flood Control District Assessment District 100% 34,865,000 34,865,000 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 727,656,084 285,619,066

DIRECT AND OVERLAPPING GENERAL FUND DEBT
Yolo County Certificates of Participation 26.770% 57,821,909 15,478,925 Yolo County Board of Education Certificates of Participation 26.770% 4,775,000 1,278,268

CITY OF WEST SACRAMENTO

DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
As of June 30, 2023
224
538
Debt as of Estimated share of
% Applicable (1) June 30, 2023 overlapping debt
Washington Unified School District Certificates of Participation 99.940% 66,964,411 66,924,232 City of West Sacramento General Fund Obligations 100% 12,198,466 12,198,466 TOTAL GROSS DIRECT AND OVERLAPPING GENERAL FUND DEBT 141,759,786 95,879,891 Less: City of West Sacramento supported obligations 6,798,017 TOTAL NET DIRECT AND OVERLAPPING GENERAL FUND DEBT 89,081,874

OVERLAPPING TAX INCREMENT DEBT
City of West Sacramento Successor Agency 100% 59,181,136 59,181,136 TOTAL GROSS DIRECT DEBT 12,198,466TOTAL NET DIRECT DEBT 5,400,449TOTAL OVERLAPPING DEBT 428,481,627GROSS COMBINED TOTAL DEBT 440,680,093NET COMBINED TOTAL DEBT 433,882,076 $ Ratios to 2022-23 Assessed Valuation:

Total Overlapping Tax and Assessment Debt 3.14%
Total Gross Direct Debt ($14,860,260) 0.13%
Total Net Direct Debt ($6,698,783) 0.06%
Gross Combined Total Debt 4.84% Net Combined Total Debt 4.77%Ratios to Redevelopment Successor Agency Incremental Valuation ($4,145,563,061): Total Overlapping Tax Increment Debt 1.43% As of June 30, 2023
(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. Qualified Zone Academy Bonds are included based on principal due at maturity.

NOTE 2: On February 1, 2012, the State of California eliminated the Redevelopment Agencies in California pursuant to Assembly Bill 1x26. The liabilities of the Redevelopment Agencies are reported as Redevelopment Obligation Retirement Fund, a private purpose trust fund.

CITY OF WEST SACRAMENTO
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT (Continued) Sources: Assessed value data used to estimate applicable percentages provided by the California Municipal Statistics, Inc. Debt outstanding data provided by City Finance Division.

NOTE 1: For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages wereestimated by determining the portion of another government unit's taxable assessed value that is within the City's boundaries and dividing it by each unit's total taxable assessed value.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 thoseoverlapping 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.
225
539
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Assessed valuation 9,104,422,371 $ 8,343,982,998 $ 7,930,488,246 $ 7,495,234,615 $ 7,130,020,432 $ 6,714,994,092 $ 6,638,543,281 $ 5,968,023,619 $ 5,648,076,486 $ 5,242,262,509 $ Conversion percentage 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% Adjusted assessed valuation 2,276,105,593 2,085,995,750 1,982,622,062 1,873,808,654 1,782,505,108 1,678,748,523 1,659,635,820 1,492,005,905 1,412,019,122 1,310,565,627 Debt limit percentage 15% 15% 15% 15% 15% 15% 15% 15% 15% 15% .

Debt limit 341,415,839 312,899,362 297,393,309 281,071,298 267,375,766 251,812,278 248,945,373 223,800,886 211,802,868 196,584,844 Debt applicable to limit: General obligations bonds Less: Amount set aside for repayment of general obligation debt Total net debt applicable to limit - - - - - - - - - - Legal debt margin 341,415,839 $ 312,899,362 $ 297,393,309 $ 281,071,298 $ 267,375,766 $ 251,812,278 $ 248,945,373 $ 223,800,886 $ 211,802,868 $ 196,584,844 $

N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Total debt applicable to the limit as a percentage of debt limit Source: City Finance Division

LAST TEN FISCAL YEARS

LEGAL DEBT MARGIN INFORMATION

CITY OF WEST SACRAMENTO
NOTE 1: The Government Code of the State of California provides for a legal limit of grossed assessed valuation. However, this provision was enacted when assessed valuation was based upon 25% 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 full valuation perspective to the 25% level that was in effect at the time that the legal debt margin was enacted by the State of California for local governments located within the state.
226
540
Less Net Tax
Fiscal Operating Operating Available Increment
Year Revenues (1) Expenses (2) Revenue Principal Interest Coverage Collections (4) Principal Interest Coverage 2014 (3) 12,427 $ 4,198 $ 8,229$ 1,925$ 2,876$ 1.71 17,657 $ 3,715 $ 5,587 $ 1.90 2015(3) 11,448 4,075 7,373 1,715 2,650 1.69 17,410 4,968 4,539 1.832016(3) 11,787 5,696 6,091 1,775 2,592 1.39 19,742 4,370 4,096 2.332017(3) 12,851 7,451 5,400 1,850 2,501 1.24 20,817 4,566 3,614 2.542018(3) 15,305 7,914 7,391 1,925 2,656 1.61 21,389 4,746 3,520 2.592019(3) 15,362 6,764 8,598 2,280 2,869 1.67 22,735 4,984 3,296 2.752020(3) 17,425 5,458 11,967 2,360 2,767 2.33 26,632 4,351 3,090 3.582021(3) 17,754 6,762 10,992 3,360 1,412 2.30 28,674 4,496 2,911 3.872022(3) 18,185 9,420 8,765 3,155 1,796 1.77 30,915 4,671 2,853 4.112023(3) 18,786 7,963 10,823 3,375 1,521 2.21 34,561 4,872 2,532 4.67 (1) Total operating revenues, including transfers in from General Fund to subsidize utility service charges and transfers in for rate stabilization fund.(2) Total operating expenses, excluding depreciation and amortization and including transfers out for administrative costs prior to 2017.

Source: City Finance Division
(4) Pledged tax increment beginning in 2012 is based on gross receipts net of County of Yolo administration expenses and statutory pass-through payments; these are the funds deposited into the Redevelopment Property Tax Trust Fund (RPTTF). Only a portion of the tax increment is distributed to the Successor Agency.

CITY OF WEST SACRAMENTO

PLEDGED-REVENUE COVERAGE - CITY

LAST TEN FISCAL YEARS
(dollars in thousands)
Debt Service
Water Revenue Bonds
Debt Service
Successor Agency Bonds
(3) On February 1, 2012, the State of California eliminated the Redevelopment Agencies in California pursuant to Assembly Bill 1x26. The liabilities of the Redevelopment Agencies are reported as Redevelopment Obligation Retirement Fund, a private purpose trust fund. 227
541
Personal Per
Income Capita
Calendar (thousands Personal Unemployment
Year Population of dollars) Income Rate
2014 50,640 $ 1,018,596 $6 20,114 .7%
2015 51,005 1,072,329 21,024 6.0%
2016 53,082 1,172,284 20,201 5.8%
2017 53,163 1,257,503 26,414 5.0%
2018 54,163 1,310,099 24,188 6.1%
2019 53,911 1,467,673 27,224 4.0%
2020 53,519 1,574,261 29,415 3.7%
2021 53,967 1,743,026 32,298 6.2%
2022 53,637 1,845,649 34,410 4.6%
2023 55,064 2,233,010 40,553 3.9%
Sources: State Department of Finance and City Finance Division

LAST TEN FISCAL YEARS

DEMOGRAPHIC AND ECONOMIC STATISTICS

CITY OF WEST SACRAMENTO
228
542
Number of Percentage of Number of Percentage of
Employer Employees Employment Employer Employees Employment Department of General Services 3,000 25% U.S. Postal Service 1,605 12% CalSTRS 1,401 12% State of California, General Services 1,960 15%Washington Unified School District 766 6% California Teachers' Retirement System 1,215 9%Tony's Fine Foods 580 5% United Parcel Service (UPS) 1,182 9% United Postal Service 580 5% Affiliated Computer Services 900 7% Nor Cal Beverage 500 4% Washington Unified School District 750 6%City of West Sacramento 400 3% Raley's/Bel Air 634 5%Blazona Construction 400 3% Tony's Fine Foods 500 4%Walmart 397 3% Nor-Cal Beverage 500 4% Raley's/ Bel Air Markets Headquarters 360 3% Clark Pacific 439 3% Fedex 300 2% Coventry Healthcare 400 3%Clark Pacific 300 2% ABM Janitorial 400 3%Capital Express Lines 300 2% Hunter Douglas/Bytheway's Inc. 400 3%Beckman Coulter 300 2% Walmart 391 3%IKEA 300 2% City of West Sacramento 339 3%McGuire & Hester 300 2% Siemens Healthcare Diagnostics 286 2%Treasure Chest Advg. Co Inc. 250 2% Xyratex International 282 2%KOVR 240 2% West Sacramento IKEA Home Furnishings 256 2%Broadbase Inc. 220 2% Farmers' Rice Cooperative 250 2%CA Department of Technology 200 2% KOVR TV 13 231 2%Golden Brands 200 2% IDEXX Veterinary Services 171 1%IDEXX Laboratories 200 2% Target Corporation 150 1%Target Store #2268 199 2% Home Depot 103 1%Farmers Rice 198 2% Lowe's 100 1%Bimbo Bakeries USA 180 1% 12,071 13,444
Sources: Sacramento Business Journal and City Economic Development Department.

CITY OF WEST SACRAMENTO

PRINCIPAL EMPLOYERS

CURRENT YEAR AND NINE YEARS AGO
2023 2013
229
543
Fiscal YearFiscal YearFiscal YearFiscal YearFiscal YearFiscal YearFiscal YearFiscal YearFiscal YearFiscal Year Function/Program 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Police:

Stations 1111111111Patrol Units per shift 14 15 15 15 14 14 14 14 9 10 Fire stations 5555555555
Other public works:

Streets (miles) 198 198 195 194 193 193 199 220 220 220 Street lights 5115 5,069 5,069 5,048 4,953 4,845 5,368 4,968 4,933 4,899 Traffic signals 54 54 54 54 54 53 52 52 52 49
Parks and recreation:

Acreage Owned* 116 116 116 116 113 113 Maintained 186 186 186 186 186 186 167 167 167 164Amenities Play structures 27 27 27 27 24 24 24 24 24 23 Baseball/Softball Diamonds** 17 17 17 17 17 17 24 24 24 24 Soccer/Football Fields*** 7 7 7 7 7 7 14 14 14 14 Skateparks 1 1 1 1 1 1 1 1 1 1
Basketball/Sports Courts 9 9 9 9 9 9 8 8 8 8
Restrooms 10 10 10 10 9 9 8 8 8 8 Covered Picnic Areas 11 11 11 11 10 10 8 8 8 8 Splash Park 1 1 1 1 1 1 1 1 1 1
Dog Park 2 2 2 2 2 2 2 2 2 2
Water:

Storage capacity (millions of gallons) 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 24.50 Wastewater:

Sanitary sewers (miles) 198 198 198 196 206 190 181 190 190 194Storm sewers (miles) 133 133 135 130 133 120 115 130 130 165 * Prior to 2018 the park acreage was reported as one line item. ** In 2018 existing backstops were no longer considered as full diamonds.*** Reduced number accounts for formal fields vs. number of fields created in turf areas to accommodate league play.

Source: Various City Departments

CITY OF WEST SACRAMENTO

CAPITAL ASSETS STATISTICS BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS
230
544

IKEA HOME FURNISHINGS HD SUPPLY

WAL MART STORES IKEA HOME FURNISHINGS
AMAZON.COM SERVICES RAMOS OIL COMPANY

HOME DEPOT WALMART STORES

ARCO AM/PM MINI MARTS RIVERVIEW INTERNATIONAL TRUCKS

GRAYBAR ELECTRIC COMPANY XEROX STATE HEALTHCARE

TARGET STORES WESTERN TRUCK PARTS
UNISOURCE WORLWIDE MACYS.COM
LOWE"S HOME CENTERS W.W. GRAINGER

CHEVRON SERVICE STATIONS HOLT OF CALIFORNIA
Source: City Finance Division
Avenu Insights: Muni Services
Top Ten Tax Remitters Top Ten Tax Remitters

CITY OF WEST SACRAMENTO

PRINCIPAL SALES TAX REMITTERS

CURRENT YEAR AND NINE YEARS AGO
2023 2013
231
545
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Function/Program 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 General Government 106.375 105.375 95.375 94.375 77.25 75.75 69.67 81.15 76.3 72.3 Police 113 113 110 104 102 101 102 97 94 93
Fire 66 66 65 65 65 65 65 64 67 65Other public works 57.5 55 53 52 54.59 54.59 53.34 53.74 56.34 54.34 Culture and recreation 38.55 38.55 41.55 41.55 42.55 43.55 44.55 33 32 29 Port 2.125 2.125 2.125 2.125 2.5 2.5 2.5 2.5 - -
Water 21.75 21.5 21.5 21.5 21.58 20.08 20.08 21.08 18.58 18.08 Wastewater (Sewer) 11.75 11 11 11 10.58 9.58 9.58 9.58 8.58 8.08 Total 417.05 412.55 399.55 391.55 376.05 372.05 366.72 362.05 352.8 339.8Source: City Finance Division/ HR

LAST TEN CALENDAR YEARS
As of June 30

FULL-TIME EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM

CITY OF WEST SACRAMENTO
232
546
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Function/Program 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 General government:

Building permits issued 2,776 2,778 2,641 2,375 2,450 2,371 2,274 2,181 2,062 1,697Building inspections conducted 11,116 11,217 9,290 9,770 8,261 7,388 8,330 6,984 8,994 7,743 Police:

Calls for service 63,537 62,452 59,187 62,231 63,611 64,569 64,949 67,574 72,906 49,701Parking violations 2,438 2,857 3,523 4,120 4,210 4,451 4,013 2,575 1,137 1,567Traffic violations 3,453 3,164 2,872 5,060 5,675 5,792 6,181 6,101 5,588 4,803 Fire:

Total emergency responses 11,290 11,001 10,416 11,878 9,325 9,351 9,596 9,047 8,544 8,021Medical responses 6,801 6,516 6,019 5,321 5,920 5,971 6,218 5,414 5,710 5,396Fires extinguished 628 711 750 630 154 429 394 470 315 339Inspections 8,060 5,979 6,837 7,192 2,849 2,616 2,786 2,764 2,769 2,922 Refuse collection:

Refuse collected (annual tons) 28,303 27,445 28,133 28,588 27,171 28,334 23,387 23,459 23,394 21,806Recyclables collected (annual tons 13,754 14,077 14,252 13,791 12,521 13,554 10,988 11,671 11,572 11,449 Parks and recreation:

Recreation program attendees 9,048 5,703 3,901 10,342 14,033 15,974 16,365 16,084 12,946 13,262Recreation Center pass holders 10,265 4,217 4,203 6,374 12,992 12,588 12,714 11,882 12,027 11,810 Port:

Tonnage (short tons) 815,485 920,340 1,022,883 827,248 722,947 763,634 697,187 516,040 342,726 389,091Vessel calls 37464638313935261926 Water:

Water main breaks 23222825152023581635
Average daily consumption 10 10 11 11 10 16 17 11 11 13 (millions of gallons)Peak daily consumption 16 16 17 17 18 18 19 24 21 24 (millions of gallons)
Source: Various City Departments

CITY OF WEST SACRAMENTO

OPERATING INDICATORS BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS
233
547

THIS PAGE INTENTIONALLY LEFT BLANK
234
548

CITY OF WEST SACRAMENTO, CALIFORNIA
FOR THE FISCAL YEAR ENDED JUNE 30, 2023 SINGLE AUDIT REPORT 549
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1611 E. Fourth Street, Suite 200
Santa Ana, CA 92701
(714) 569-1000
203 N. Brea Blvd, Suite 203
Brea, CA 92821
(714) 672-0022
21 Waterway Avenue, Suite 30089
The Woodlands, TX 77380
(936) 828-4587
2151 River Plaza Dr., Suite 150
Sacramento, CA 95833
(916) 503-9691
24422 Avenida de la Carlota, Suite 275
Laguna Hills, CA 92653
(949) 829-8299
www.lslcpas.com
INDEPENDENT AUDITORS’ 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 Members of the City Council
City of West Sacramento, 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 West Sacramento, California (the “City”), as of and for the year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated March 29, 2024.

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.

Our consideration of internal control was for the limited purpose described in the preceding paragraph 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. However, as described in the accompanying schedule of findings and questioned costs, we identified certain deficiencies in internal control that we consider to be material weaknesses and significant deficiencies.

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. We identified a certain deficiency in internal control, described in the accompanying schedule of findings and questioned costs as item 2023-001 that we consider to be a material weakness. 552
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
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 2023-002.

City of West Sacramento’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 City’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 City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Sacramento, California
March 29, 2024
2 553

1611 E. Fourth Street, Suite 200
Santa Ana, CA 92701
(714) 569-1000
203 N. Brea Blvd, Suite 203
Brea, CA 92821
(714) 672-0022
21 Waterway Avenue, Suite 30089
The Woodlands, TX 77380
(936) 828-4587
2151 River Plaza Dr., Suite 150
Sacramento, CA 95833
(916) 503-9691
24422 Avenida de la Carlota, Suite 275
Laguna Hills, CA 92653
(949) 829-8299
www.lslcpas.com
INDEPENDENT AUDITORS’ REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM AND ON INTERNAL

CONTROL OVER COMPLIANCE AND REPORT ON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS

REQUIRED BY THE UNIFORM GUIDANCE
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
Report on Compliance for Each Major Federal Program
Opinion on Each Major Federal Program
We have audited the City of West Sacramento, California (the “City”)’s 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, 2023. 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.

In our opinion, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal programs for the year ended June 30, 2023.

Basis for Opinion on Each Major Federal Program
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 opinion 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.

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.
554
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
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
The results of our auditing procedures disclosed instances of noncompliance which are required to be reported in accordance with the Uniform Guidance and which are described in the accompanying schedule of findings and questioned costs as items 2023-002 and 2023-003 Those instances of noncompliance related to the following programs and compliance requirements:

Finding #
Assistance
Listing # Program (or Cluster) Name Compliance Requirement 2023-002 14.239 and

14.218
HOME Investment
Partnership Program and
Community Development
Block Grants/Entitlement
Grant
Loan Compliance
4 555
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
Our opinion on each major federal program is not modified with respect to these 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
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.

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. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified.

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.

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, as of and for the year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements. We issued our report thereon dated March 29, 2024, 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.

Sacramento, California
March 29, 2024
5 556

CITY OF WEST SACRAMENTO
Schedule of Expenditures of Federal Awards
For the Fiscal Year Ended June 30, 2023
Federal
Assistance Listing Passed-Through Total Federal
Number Unique Entity ID to Subrecipients Expenditures
U.S. Department of Housing and Urban Development:

Direct Programs:

Community Development Block Grants/Entitlement Grants* 14.218 N/A $ - $ 1,295,013 Total CDBG - Entitlements Grants Cluster - 1,295,013
Total U.S. Department of Housing and Urban Development 1,295,013 - Other Programs
U.S. Department of Housing and Urban Development:

Passed-through Yolo County Health and Human Services:

Emergency Solutions Grant 14.231 K7CAELM4DN84 - 521,734 Passed-through the State of California Department of Housing and Community Development:

HOME Investment Partnership Program- Revolving PI- Multi Year Home Grant* 14.239 L4JQPJ7N5NT4 - 5,958 HOME Investment Partnership Program- Beginning Loan Balance* 14.239 L4JQPJ7N5NT4 - 3,924,214 Total for Program - 3,930,172
Community Development Block Grants/Entitlement Grants -Beginning Loan Balance* 14.228 L4JQPJ7N5NT4 - 7,597,783 Total U.S. Department of Housing and Urban Development 12,049,689 - U.S. Department of Justice
Direct Program:

Bulletproof Vest Partnership Program 16.607 N/A - 8,000 Total U.S. Department of Justice 8,000 -
U.S. Federal Highway Administration
Passed-through the State of California Business, Transportation and Housing Agency:

Highway Planning and Construction 20.205 EHEGWCLJEVJ4 - 270,513 Passed-through Sacramento Area Council of Governments:

Highway Planning and Construction 20.205 YXLCCEGACKS3 - 3,328,285 Passed-through State of California Office of Traffic Safety:

State and Community Highway Safety 20.600 XCA4E3XL2KY7 - 39,880 Minimum Penalties for Repeat Offednders for Driving While Intoxicated 20.608 XCA4E3XL2KY7 - 26,951 Total U.S. Federal Highway Administration 3,665,629 -
U.S. Department of Treasury
Passed-through the County of Yolo:

COVID-19 Coronavirus Relief Fund 21.019 GNBCAL3S6KM3 - 31,821 COVID-19 Coronavirus State and Local Fiscal Recovery Fund* 21.027 GNBCAL3S6KM3 - 431,407 Passed-through the State of California Department of Finance:

COVID-19 Coronavirus State and Local Fiscal Recovery Fund* 21.027 RN15SP9CPJE6 100,250 10,135,982 Total U.S. Department of Treasury 10,599,210 100,250
U.S. Environmental Protection Agency
Direct Program:

Brownfields Assessment and Cleanup Cooperative Agreements 66.818 N/A - 30,164 Total U.S. Environmental Protection Agency - 30,164
U.S. Department of Health and Human Services
Passed-through the California Department of Community Services and Development:

Low Income Household Water Assistance Program 93.499 F4LGDJEVBFK4 - 2,279 Total U.S. Department of Health and Human Services - 2,279 U.S. Department of Homeland Security
Passed-through the California Office of Emergency Services:

Disaster Grants- Public Assistance 97.036 UTM3S7LKYQZ4 - 180,600 Passed-through the County of Yolo
Homeland Security Grant Program 97.067 GNBCAL3S6KM3 - 87,543 Total U.S. Department of Homeland Security - 268,143
Total Other Programs 26,623,114 100,250
Total Expenditures of Federal Awards $ 100,250 $ 27,918,127 * Major Program
There was no federal awards expended in the form of noncash assistance and insurance in effect during the year.

Grantor/Program or Cluster Title
Federal Grantor/Pass-Through
The notes to the schedule of expenditures of federal awards are an integral part of this schedule. 6 557

CITY OF WEST SACRAMENTO
Notes to the Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2023
NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES APPLICABLE TO THE SCHEDULE OF

EXPENDITURES OF FEDERAL AWARDS
A. Scope of Presentation
The accompanying schedule presents only the expenditures incurred by the City of West Sacramento, California, that are reimbursable under federal programs of federal financial assistance. For the purposes of this schedule, federal awards include both federal financial assistance received directly from a federal agency, as well as federal funds received indirectly by the City from a non-federal agency or other organization. Only the portion of program expenditures reimbursable with such federal funds is reported in the accompanying schedule. Program expenditures in excess of the maximum federal reimbursement authorized or the portion of the program expenditures that were funded with state, local or other non-federal funds are excluded from the accompanying schedule.

B. Basis of Accounting
The expenditures included in the accompanying schedule were reported on the modified accrual basis of accounting.

Under the modified accrual basis of accounting, expenditures are incurred when the City becomes obligated for payment as a result of the receipt of the related goods and services. Expenditures reported included any property or equipment acquisitions incurred under the federal program. The City has elected not to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.

NOTE 2: LOAN PROGRAMS WITH CONTINUING COMPLIANCE REQUIREMENTS The outstanding balance of loan programs as of June 30, 2023, are as follows:

AL Number Program Name
Outstanding
Balance at
June 30, 2023

14.228 Community Development Block Grant - Loans
$ 7,531,883

14.239 HOME Investment Partnership Program - Loans 3,037,911

Total Loans Outstanding $ 10,569,794

7 558

CITY OF WEST SACRAMENTO
Schedule of Findings and Questioned Costs
For the Fiscal Year Ended June 30, 2023

SECTION I - SUMMARY OF AUDITORS' RESULTS
Financial Statements
Type of auditors' report issued: Unmodified Opinion
Internal control over financial reporting:
 Material weaknesses identified? X yes no
 Significant deficiencies identified? yes X none reported Noncompliance material to financial
statements noted? X yes no
Federal Awards
Internal control over major programs:
 Material weaknesses identified? yes X no
 Significant deficiencies identified? yes X none reported Type of auditors' report issued on compliance for major programs: Unmodified Opinion Any audit findings disclosed that are required to be
reported in accordance with Title 2 U.S. Code of
Federal Regulations (CFR) Part 200, Uniform
Administrative Requirements, Cost Principles, and
Audit Requirements for Federal Awards (Uniform
Guidance)? X yes no
Identification of major programs:

Assistance Listing Number(s) Name of Federal Program or Cluster

14.228

14.218
Community Development Block Grant
Community Development Block Grant/Entitlement Grants

14.239

21.027
HOME Investment Partnership Program
COVID-19 Coronavirus State and Local Fiscal Recovery Funds

Dollar threshold used to distinguish
between type A and type B program $838,544
Auditee qualified as low-risk auditee? yes X no
8 559

CITY OF WEST SACRAMENTO
Schedule of Findings and Questioned Costs
For the Fiscal Year Ended June 30, 2023

SECTION II - FINANCIAL STATEMENT FINDINGS
Reference Number
2023-001 – Financial Close and Reporting
Evaluation of Finding
Material Weakness
Criteria
Management is responsible for the preparation and fair presentation, as well as the accuracy of its financial statements, including disclosures in accordance with accounting principles generally accepted in the United States of America. This includes the design, implementation, and maintenance of internal controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to error or fraud.

Condition
During the audit, we noted the following conditions that resulted in audit adjustments to the financial statements:

Accuracy in External Financial Reporting
The year-end closing process did not ensure that account balances were reconciled to internal accounting records in advance of the audit requiring multiple correcting entries provided by the City. It appears these errors were primarily caused by clerical errors between Funds, reclassifications of prior reported information, and other miscellaneous correcting entries identified by City personnel after the furnishing of the initial trial balance to the auditors.

Cause of Condition
Due to necessary reclassifications identified by City personnel, correcting entries for the aforementioned items were posted in the accounting software.

Effect or Potential Effect of Condition
The City did not have in place a systematic method for ensuring that timely and complete year end closing procedures were in operation before presenting the final trial balance to the auditors, resulting in a number of journal entries made to correct or to reclassify balances in the financial statements that should have been captured through the closing process. Those adjustments have been reported and posted by the City.

Recommendation
The City should put in place formalized year end closing procedures to ensure the close is complete and reduce the number of journal entries needed and errors found internally after the closing process has been completed. We suggest management also establish effective review policies and procedures, including but not limited to, apply analytical procedures on the trial balance numbers and perform reconciliations of all significant accounts.

Management Response
Management agrees with the finding and is currently implementing year end procedures to apply analytical procedures on the trial balance numbers, perform reconciliations of all significant accounts, and apply formal year end closing procedures for subsequent fiscal years.
9 560

CITY OF WEST SACRAMENTO
Schedule of Findings and Questioned Costs
For the Fiscal Year Ended June 30, 2023

SECTION III - FEDERAL AWARD FINDINGS AND QUESTIONED COSTS Finding 2023-002: Continuing Loan Compliance
Noncompliance
Federal Award Information:

Assistance Listing Number: 14.239
Program Title: HOME Investment Partnership Program
Federal Award Year(s): FY 2022-23
Name of Federal Agency: U.S. Department of Housing and Urban Development Passed through: State of California Department of Housing and Community Development

Criteria or Specific Requirement:

The City was unable to provide compliance supporting documentation for the HOME Investment Partnership Program loan proof of insurance and/or residency compliance requirements for the year ended June 30, 2023.

Condition:

We noted that of the 11 loan balances that we sampled, the City was unable to provide supporting documentation for proof of insurance and/or residency for 9 of the selected loans.

Cause of the Condition:

Per our inquiries with the City, due to the significant age of the selected loans, City personnel were unable to obtain the supporting documentation as a significant number of the selected loans had inception dates of ten years or more.

Effect or Possible Effect:

Adequate supporting documentation of outstanding loans are not being effectively maintained and archived by City personnel.

Context:

We selected a sample of 11 outstanding loan balances, of which 9 selected loans City personnel were unable to provide supporting documentation.

Repeat Finding:

N/A
Recommendation:

We recommend that management monitors each loan to ensure that the City maintains the most up-to-date information.

Management’s Response and Corrective Action:

The Finance Department agrees with the finding. The Economic Development and Housing Department will implement procedures to ensure that all annual compliance documents are collected and maintained for the life of the loan.
10 561

CITY OF WEST SACRAMENTO
Schedule of Findings and Questioned Costs
For the Fiscal Year Ended June 30, 2023

SECTION III - FEDERAL AWARD FINDINGS AND QUESTIONED COSTS (CONTINUED) Federal Award Information:

Assistance Listing Number: 14.228
Program Title: Community Development Block Grants/Entitlement Grants Federal Award Year(s): FY 2022-23
Name of Federal Agency: U.S. Department of Housing and Urban Development Passed through: State of California Department of Housing and Community Development

Criteria or Specific Requirement:

The City was unable to provide compliance supporting documentation for the Community Development Block Grant/Entitlement Grant loan proof of insurance and/or residency compliance requirements for the year ended June 30, 2023.

Condition: