Agenda packet — West Sacramento City Council, April 15, 2026 (part 7 of 9)

Existing Massage Business Outreach
Since commencing work on the draft ordinance, staff have undertaken comprehensive and multilingual outreach efforts to notify affected stakeholders, solicit feedback, and encourage participation in the ordinance update process.

On May 3, 2025, staff mailed an initial notification letter to all active massage establishments and associated property owners within the City. The letter outlined the proposed regulatory changes, explained the purpose of the ordinance update and invited recipients to attend a community meeting and provide feedback. In addition to the mailed notification, staff conducted in-person outreach throughout the month of May 2025. Planning and Code Enforcement Division staff visited each existing massage establishment to personally inform business operators and on-site staff about the ordinance revision process and to extend invitations to the business community meeting held on May 22, 2025. These site visits provided an opportunity for introductions to key City staff from Community Development to enter into direct dialogue, clarification of proposed changes, and identification of any preliminary concerns. The City hosted a public meeting on May 22, 2025, inviting all massage businesses to attend, learn more about the proposed updates, and provide comments. The meeting served as an open forum for questions and discussion and allowed staff to gather valuable input to inform refinement of the draft ordinance. The meeting had at least one representative from all existing massage establishments in attendance. The Police Chief was also present at the meeting.

On March 18, 2026, the City Council held a public hearing and consideration of first reading of Ordinance 26-3 repealing and reenacting Chapter 5.12 (Massage Parlors) of the West Sacramento Municipal Code. Upon the opening of the public hearing, staff received two public comments. The council members had several questions for staff which included questions regarding the deposit fees associated with a massage business application, general questions on the proposed inspection program, how the City intends handle enforcement of massage businesses that have not gone through the proper permitting process, and how the City intends to address the human trafficking concerns. Community Development Department staff and the Police Chief provided responses to these questions. Following the public hearing, the City Council decided to vote 4-0 to adopt Ordinance 26-3 repealing and reenacting Chapter 5.12 (Massage Parlors) of the West Sacramento Municipal Code.

ANALYSIS
Over the past several years, many jurisdictions throughout the region have updated their regulatory frameworks governing massage businesses and massage practitioners. These updates have often included enhanced licensing requirements, clearer operational standards, and increased enforcement efforts related to unpermitted facilities. As regulatory approaches have evolved regionally, some massage businesses have sought to establish operations in jurisdictions with differing regulatory structures, including West Sacramento.

While the City supports legitimate massage businesses that operate responsibly and provide valuable wellness services to the community, the City’s current ordinance has created regulatory gaps that can make it more difficult to ensure consistent compliance with applicable standards. In recent years, the City has experienced an increase in code enforcement inquiries and public safety concerns related to certain massage business operations that may not fully align with municipal code requirements or professional regulatory frameworks.

Local governments throughout California have increasingly recognized the importance of maintaining clear regulatory standards for massage businesses to support legitimate operators, promote transparency, and reduce the potential for unlawful or incompatible activities. Strengthening local regulatory frameworks can also assist law enforcement and code enforcement agencies in addressing community concerns more effectively. The proposed amendments to Chapter 5.12 are intended to modernize the City’s regulatory framework, clarify operational expectations, and improve the City’s ability to ensure compliance with applicable laws and professional standards. The proposed updates are designed to support reputable massage businesses while providing clearer tools to address potential violations and protect the health, safety, and welfare of the community.

Summary of Changes
One of the most critical changes being proposed is requiring that all massage practitioners obtain certification from CAMTC to provide massage services. The majority of the other changes being proposed are to add clarity and consistency to the massage business permit application process and requirements, which will make administration and tracking of applications and permits more efficient. The pending ordinance changes also clarify and strengthen operational requirements for massage businesses and massage services and increase potential penalties for noncompliance.
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In addition to individual certification, businesses offering massage services must obtain and maintain a Cityissued Massage Business Permit as well as a valid City business license. This two-layer compliance structure, professional certification and local business permitting clarifies responsibilities and enhances enforceability.

The ordinance expands and clarifies the scope of regulated activities. It expressly includes sole practitioners and permanent or semi-permanent seated massage or reflexology installations within the definition of a massage business. The definition of “compensation” is broadened to include indirect payment methods such as memberships or subscription models, ensuring that emerging business formats are addressed.

The permit application process is significantly updated and strengthened. Applicants must provide detailed ownership and business structure information, proof of property owner authorization, employee and contractor rosters, verification of CAMTC certification for practitioners, evidence of insurance coverage, and LiveScan fingerprint submissions. The ordinance also establishes clear timelines for application completeness review, investigation, approval or denial, and renewal procedures. Permits are valid for two years unless otherwise conditioned, and renewals must be submitted in advance to avoid lapse of permission to operate.

The ordinance codifies objective grounds for permit denial, suspension, and revocation. These include specified criminal convictions, prior permit discipline, false or misleading application information, failure to comply with applicable laws, and location-based factors such as prior closures due to unlawful activity. An administrative appeal process is provided to ensure due process protection for applicants.

Operational standards are also comprehensively updated. Massage businesses are limited to operation between 7:00 a.m. and 9:00 p.m. Services and pricing must be clearly posted, and only listed services may be provided.

Businesses must maintain a service ledger documenting date, time, service provided, and practitioner name, retained for two years and available for inspection. Sanitation requirements address linens, disinfection, sterilization of instruments, ventilation, lighting, and water access. Physical requirements regulate visibility of reception areas, prohibit obscured entry points, and restrict use of massage establishments for sleeping or residential purposes.

The ordinance also strengthens public safety protections through explicit prohibitions on sexual contact and establishes written consent requirements for specific body areas. It also incorporates human trafficking notice posting requirements consistent with State law.

Inspections and Enforcement
The ordinance establishes inspection authority and creates a formal Massage Business Inspection Program to be administered by the City’s Code Enforcement Division. The inspection provisions identify the departments that may participate in inspections, including Police, Fire, Community Development, and/or Environmental Health officials and in accordance with lawful procedures. These provisions are intended to support consistent field practices and ensure the City’s regulatory framework remains clear, fair, and defensible.

The ordinance also requires massage businesses to report certain operational changes following permit issuance, such as staffing changes, certification status, ownership changes, or other relevant updates, so that City records accurately reflect current business operations.

If violations are identified during inspections, the City will generally seek to achieve voluntary compliance through notice and an opportunity to correct the issue. If compliance cannot be achieved through administrative measures, the City may pursue enforcement actions consistent with the Municipal Code, which may include:
 Administrative fines;
 Permit suspension or revocation; or
 Business closure in cases of continued non-compliance.

If the Council adopts the proposed ordinance and licensing program, the City would initiate the inspection program with a baseline inspection of all existing massage establishments operating within West Sacramento.

Following the initial review, establishments would generally be inspected on an annual basis as part of the City’s ongoing compliance program. When compliance issues are identified, Code Enforcement staff will work with business operators to achieve compliance with applicable regulations, which may include follow-up inspections to verify corrective actions.
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Transition Rules for Existing Businesses
To balance objectives of this ordinance with practical implementation for existing operators, the ordinance provides two transition timelines:
1) Existing massage businesses/sole practitioners operating prior to the effective date must submit a City Massage Business Permit application within 60 days; and 2) A limited amortization period of eight months for businesses (and individuals within those businesses) that hold an active City business license as of the effective date to become CAMTC certified.

With the understanding that many current providers may not be CAMTC certified, the ordinance establishes this amortization period that applies only to those massage businesses that already have an active City business license as of the effective date. Those businesses have up to eight months to ensure all persons providing massage services become certified; after that, the amortization provision becomes non-operative and requires that everyone providing massage services must be certified. Staff believe this approach advances the City’s policy direction toward full CAMTC certification while reducing sudden disruption to existing businesses and giving time for workforce transitions, training/certification completion, as well as administrative processing.

Exemptions from the Ordinance
The following professionals are exempt from the ordinance:
 Licensed medical professionals (e.g., doctors, physical therapists, chiropractors);  Licensed barbers and cosmetologists providing services limited to the face, neck, hands, or feet;  Athletic trainers and hospital staff within their licensed scope. 
It should be noted that earlier drafts of the ordinance, including a draft provided to those attending the May 2025 community meeting, allowed for a broader expanse of exemptions. After considering community input and further evaluation on the City’s approach on how to eliminate the current regulatory gaps, several of the draft exemptions were reconsidered and removed from the final draft. The current set of exemptions are meant to address business types that occasionally use massage as an ancillary therapy or treatment.

Collectively, the changes modernize Chapter 5.12, provide oversight and accountability, align the City’s regulatory framework with statewide standards, and provide balanced implementation measures that support legitimate massage businesses while ensuring protections for public health and safety.

Environmental Considerations
The massage ordinance update is exempt from review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3) - the “Common Sense Exemption.” The update involves regulatory amendments that have no potential to have a significant effect on the environment. It does not authorize or permit any development or physical change in land use.

Commission Recommendation
This item was not presented at any commission, as Title 5 of the Municipal Code is not governed by any commission body outside of the City Council.

Strategic Plan Integration
This project advances the City Council’s 2025 Strategic Management Priorities: Citywide Public Safety, Security and Service Metrics.

Alternatives
The City Council’s primary alternatives are summarized below.

1. Adopt Ordinance 26-3; or

2. Deny adoption of Ordinance 26-3 at this time; and/or

3. Continue the item to a future date and request additional information be provided at that time.

Staff recommend Alternative 1. Alternatives 2 and 3 are not recommended as implementation of the massage ordinance updates have been contemplated for several years. Continued delay of updating the ordinance could result in a continued influx of business license applications for new massage establishments attempting to occupy locations in the city under the older, less-regulated ordinance. 1088
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Coordination and Review
This report was developed by the Community Development Department in coordination with the Police Department and the City Attorney’s Office. The draft ordinance was reviewed by staff with the California Massage Therapy Council.

Budget/Cost Impact
There is minimal fiscal impact anticipated. Some staff resources will be needed for outreach and enforcement, but these will be absorbed within current operating budgets. In addition, applicants will provide an application deposit-based fee to cover staff costs to review, comment on and to issue licenses.

ATTACHMENT

1. Ordinance 26-3
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ORDINANCE 26-3

AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF WEST SACRAMENTO REPEALING AND REENACTING CHAPTER 5.12

OF THE CITY OF WEST SACRAMENTO MUNICIPAL CODE RELATED TO

MASSAGE BUSINESSES
WHEREAS, the City is authorized to permit, deny, and otherwise regulate and monitor businesses within the City pursuant to its general police powers where doing so is in the interest of the public's health, safety, and general welfare; and WHEREAS, Business and Professions Code section 4600 et seq. governs the certification of massage therapy professionals, imposes training and technique requirements to protect their clients, and establishes the California Massage Therapy Council ("CAMTC") as the governing body of such certifications; and WHEREAS, the City is expressly authorized to regulate massage businesses pursuant to its general police powers and more specifically pursuant to Government Code section 51030 et seq.; and
WHEREAS, in its current form West Sacramento Municipal Code Chapter 5.12 is difficult to enforce, unclear, and outdated, particularly in light of modern knowledge of the benefits and uses of massage therapy; and
WHEREAS, staff, including but not limited to representatives of Code Enforcement, Community Development, Economic Development, and the Police Department, in collaboration with the City Attorney's office, have prepared proposed changes to Chapter 5.12 to make the Chapter more clear for massage businesses, therapists and practitioners wishing to operate in the City, for staff seeking to enforce it provisions, and for massage clients to consider, to the great benefit of the public health, safety, and general welfare and orderly development of the City; and WHEREAS, the City Council wishes to update Chapter 5.12 of the City Municipal Code related to massage businesses and those who provide massage services.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WEST SACRAMENTO DOES ORDAIN AS FOLLOWS:

Section 1. Purpose and Authority. The purpose of this Ordinance is to repeal and reenact Chapter 5.12 of the City of West Sacramento Municipal Code related to massage businesses in order to protect the public health, safety, and general welfare and allow for the safe and orderly management and operation of massage businesses and those who provide massage services, as well as their clients. The Ordinance is enacted in accordance with the authority granted to cities by State law, particularly 1090
Government Code section 51030 et seq. and Business and Professions Code section 4600 et seq.

Section 2. Repeal and Reenactment. Chapter 5.12 of the City of West Sacramento Municipal Code is hereby repealed and reenacted to read as follows:

CHAPTER 5.12 MASSAGE BUSINESSES
§ 5.12.010 Purpose and Intent
§ 5.12.020 Definitions
§ 5.12.030 CAMTC Certification and Massage Business Permit Required; Prohibited Activities
§ 5.12.040 Limited Amortization Period for Existing Massage Businesses and Massage Professionals
§ 5.12.050 City Massage Business Application and Permit § 5.12.060 Massage Business Permit Issuance – Investigation – Grounds for Denial.
§ 5.12.070 Operating Requirements
§ 5.12.080 Inspection of Records and Facilities by Officials- Massage Business Inspection Program
§ 5.12.090 Reporting Changes to Information Provided in Application Following Issuance of Massage Business Permit
§ 5.12.100 Exemptions
§ 5.12.110 Violation – Penalties
§ 5.12.120 Suspension or Revocation of Massage Business Permit; Appeal § 5.12.130 Public Nuisance
§ 5.12.140 Severability
§ 5.12.150 Usage

5.12.010 Purpose and Intent
A. In enacting this Chapter, the City Council recognizes that commercial Massage Therapy is a professional pursuit which can offer the public valuable health and therapeutic benefits. The City Council further recognizes that, unless properly regulated, the provision of massage services and the operation of massage businesses may be associated with unlawful activity and pose a threat to the public health, safety, and general welfare as well as quality of life in the local community. Accordingly, it is the purpose and intent of this Chapter to protect the public health, safety, and welfare by providing for the orderly regulation of businesses providing massage services while prohibiting prostitution, human trafficking, money laundering, and other illegal activities carried on under the 1091
guise of massage therapy, and establishing certain sanitation, health, and operational standards for massage businesses.

B. Furthermore, it is the purpose and intent of this Chapter to reduce or prevent neighborhood blight and to protect and preserve the quality of city neighborhoods and commercial districts; and to enhance enforcement of criminal statutes relating to the conduct of owners, operators and employees of massage businesses.

C. It is the City Council’s further purpose and intent to rely upon the uniform statewide regulations applicable to massage therapists, massage practitioners, and massage establishments that were enacted by state law and to restrict the commercial practice of massage in the city to those persons duly Certified to practice by the California Massage Therapy Council, and to provide for the registration and regulation of massage businesses for health and safety purposes to the extent allowed by law.

D. In enacting this Ordinance, the City Council expressly intends to make it unlawful for those who perform Massage for compensation to operate within the City of West Sacramento unless they are Certified pursuant to the Massage Therapy Act or are otherwise exempt under state law and this Ordinance, and to ensure that businesses that offer Massage Services only employ Certified Massage Practitioners.

5.12.020 Definitions
For the purposes of this Chapter, unless the particular provision or the context otherwise clearly requires, the definitions in this Section shall govern the construction, meaning, and application of words and phrases used in this Chapter:

A. "Applicant" means any person that seeks a massage business permit as required by this Chapter.

B. “Business” means the same as defined in Section 5.04.050 of this Code, as may be amended from time to time.

C. “California Massage Therapy Council” or “CAMTC” means the entity established by law pursuant to Business and Professions Code section 4602 and tasked with being the oversight body to certify massage professionals and ensure full compliance with the Massage Therapy Act.

D. “Certificate” means the certificate issued by the CAMTC to massage therapists pursuant to Business and Professions Code Section 4601(h), and to massage practitioners pursuant to subdivision 4601(g), 4604.1(a), or 4604.2(c).

E. “Certified Massage Practitioner” or "Certified Practitioner" means an individual certified by CAMTC to practice massage therapy with a current and valid certification from CAMTC. For purposes of this Chapter, the 1092
terms "Certified Massage Practitioner" and "Certified Practitioner" are synonymous and means both certified massage therapists as defined in Business and Professions Code sections 4601(h), and certified massage practitioners as defined in Business and Professions Code sections 4601(g), 4604.1(a), or 4604.2(c).

F. “Client” means the customer or patron who provides compensation for or receives massage services.

G. "Community Development Director" or "Director" means the City of West Sacramento Community Development Director or designee.

H. “Compensation ” means the payment, loan, advance, donation, contribution, deposit, or gift of money or anything of value. Compensation expressly includes the payment, loan, advance, donation, contribution, deposit, or gift of money or anything of value for a product, membership, subscription, or other form of access to a product, service, or facility where massage is provided, but direct payment for a massage is not required.

I. "Conviction" or "Convicted" means and includes a conviction following a plea or verdict of guilty, or plea of nolo contendere (no contest).

J. "Independent Contractor" means a person who contracts to do work for another person according to his or her own processes and methods; the contractor is not subject to another's control except for what is specified in a mutually binding agreement for a specific job.

K. "Massage" means the treating of the external parts of the body by any method of pressure on, or friction against, or stroking, kneading, rubbing, tapping, pounding, vibrating, or stimulating with the hands or with the aid of any mechanical or electrical apparatus or appliance with or without such supplementary aids as rubbing alcohol, liniments, antiseptics, oils, powder, creams, lotions, ointments or other similar preparations commonly used in the practice of massage.

L. “Massage Business” means any business where massage services are available. “Massage Business” expressly includes, but is not limited to, a Sole Practitioner.

M. “Massage Business Permit” or "Permit" means a permit issued by the Community Development Director in accordance with this Chapter.

N. "Massage Services" means the provision of Massage for any form of Compensation.

O. “Massage Therapy” means the provision of Massage Services by a Certified Massage Practitioner.

P. “Operator” or “Massage Business Operator” means any and all person involved in the ownership or management of a Massage Business, 1093
whether actively or passively involved in the management and operations of the business.

Q. "Ordinance" means Ordinance 26-3 which repealed and reenacted this Chapter 5.12.

R. “Owner” means any and all owners of a Massage Business including any of the following persons:

1. A Sole Practitioner as defined in this Section;

2. Any general partner of a general or limited partnership that owns a Massage Business;

3. Any Person who has an ownership interest in a corporation that owns a Massage Business;

4. Any person who is a member of a limited liability company that owns a Massage Business;

5. A massage professional acting as an Independent Contractor as defined in this Section;

6. All owners of any other type of business association that owns a Massage Business.

S. "Person" means any natural person, individual, group, firm, association, partnership, corporation, company, sole proprietorship, or any other legal entity.

T. "Sole Practitioner" means a Massage Business where the owner owns one hundred percent (100%) of the business, is a Certified Massage Practitioner, is the only person who provides Massage Services for that business, and has one or no other employees or Independent Contractors.

5.12.30 CAMTC Certification and Massage Business Permit Required; Prohibited Activities
A. It is unlawful for any Person to own, conduct, operate or maintain a Massage Business within the City without having a valid Massage Business Permit issued pursuant to this Chapter. Massage Business Permits shall also be required of any permanent or semi-permanent seated massage or reflexology installation where Massage Services are provided in whole or in part by a natural person.

B. It is unlawful for any person to own, conduct, operate or maintain a Massage Business within the City unless all Persons providing Massage Services at the Massage Business is a Certified Massage Practitioner. A Massage Business Permit shall in no way be construed to allow any Person to perform Massage Services within the City without an active and valid Certificate from the CAMTC.

C. It is unlawful for any Person to provide Massage Services within the City unless that Person is a Certified Massage Practitioner.
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D. It is unlawful for any Person to, in the course of administering any Massage Services, make physical contact with the genitals or anal region of any other Person regardless of whether the contact is over or under the Person’s clothing.

Providing Massage Services upon female breasts is prohibited without the written consent of the Person receiving the Massage.

E. All Businesses or Sole Practitioners conducting Massage in the City prior to the effective date of the Ordinance will have until 60 calendar days after the effective date of the Ordinance to submit a Massage Business Permit application pursuant to the requirements of Section 5.12.050.

F. It is unlawful for a Massage Business to operate without having a valid City business license in addition to a valid Massage Business Permit.

5.12.040 Limited Amortization Period for Existing Businesses and Massage Professionals
The City recognizes that there are currently massage professionals not certified by the CAMTC providing massage services within the City, and Massage Businesses that employ those uncertified massage professionals. To further the City's goals of regulating massage, and to accommodate existing Business interests, the City hereby establishes a limited amortization period, as described below:

A. This amortization period only applies to Massage Businesses that, as of the effective date of the Ordinance, had an active and valid City-issued Business license demonstrating that the Business provides Massage Services as of the effective date of the Ordinance, and to massage professionals employed or retained by those Businesses.

B. Each such Massage Business will have eight (8) months from the effective date of the Ordinance to ensure that any Person providing Massage Services at that Business is a Certified Massage Practitioner.

C. Any Business or massage professional falling under the limited amortization period shall comply with all the other requirements of this Chapter, except for the CAMTC certification requirements.

D. The Community Development Director may impose conditions upon a Massage Business Permit to implement this Section.

E. This Section shall become non-operative eight (8) months after the effective date of the Ordinance. Following the non-operative date, every Person providing Massage Services in the City must be a Certified Massage Practitioner.

5.12.050 City Massage Business Application and Permit
A. All applications for Massage Business Permits shall be filed with the Community Development Department and shall contain such information as the Community 1095
Development Director shall reasonably deem necessary for the proper processing of the application. The application for a Permit does not authorize the operation of a Massage Business unless and until such Permit has been issued.

B. An application for a Massage Business Permit shall be made by the Owner, as defined in Section 5.12.020(R). Such application shall designate the Person or Persons who will be the operator, if applicable, of the premises.

C. Application. The permit application for a Massage Business Permit shall include at least the following:

1. The full true name and any other names used by the Applicant. If the Applicant is:
a. An individual, the individual shall state his or her full legal name. b. A partnership, the partnership shall state its complete name, address, and the names of all partners, whether the partnership is general or limited, and a copy of the partnership agreement, if any.

In addition, the application must designate the person who will provide all information required by this Chapter.
c. A limited liability company, the limited liability company shall state its complete name, the date of its formation, evidence the limited liability company is in good standing under the laws of California, and the names and capacities of all members and/or managers. In addition, the application must designate the person who will provide all information required by this Chapter.
d. A corporation, the corporation shall state its complete name, the date of its incorporation, evidence that the corporation is in good standing under the laws of California, the names and capacities of all officers and directors, and the name of the registered corporate agent and the address of the registered agent for service of process. In addition, the application must designate the person who will provide all information required by this Chapter.

2. The true, full and precise name under which the Massage Business is to be conducted, as well as any and all names under which the Massage Business is to be advertised.

3. The address where the Massage Business is to be located and all telephone numbers for the Massage Business.

4. The name and address of the owner of the real property upon or in which the proposed Massage Business is to be conducted and, if applicable, the lessor. In the event the Applicant is not the legal owner of the property, the application must be accompanied by a copy of the lease containing specific language from the owner of the property acknowledging that a Massage Business will be located on the property. If the lease does not 1096
contain such language, then the Applicant shall submit other documentation demonstrating the property owner's knowledge and approval of the operation of a Massage Business on the property.

5. The current residential address and telephone number of the Owner, as well as the operator (if the operator is a different person) who will be principally in charge of the operation of the Massage Business, and the previous residential addresses and business addresses within the previous five years, if any.

6. The Applicant's height, weight, eye color, and hair color.

7. Written proof to the satisfaction of the City that the Applicant is at least 18 years of age.

8. The Applicant's business, occupation or employment history for the five years immediately preceding the date of the application. If the Applicant is a Certified Massage Practitioner, this requirement shall not apply.

9. The massage or similar business license history of the Applicant, including whether such person, previously operating in this city or another city, county or state under a certificate, license or permit, has had such certificate, license or permit denied, revoked or suspended; and the reasons and dates for any such denial, revocation or suspension. If the Applicant is a Certified Massage Practitioner, this requirement shall not apply.

10. All criminal convictions, except minor traffic violations. If the Applicant is a Certified Massage Practitioner, this requirement shall not apply.

11. A complete and current list of the names and birthdates of all employees or independent contractors who are or will be employed or retained in the Massage Business, and information satisfactory to the Director demonstrating whether each Person providing Massage Services is a Certified Practitioner and will be providing services as an employee or Independent Contractor. All individuals providing Massage Services must be Certified Massage Practitioners.

12. A clear, color photocopy of a valid, government issued identification card for each Applicant.

13. A complete set of fingerprints (LiveScan) for each Applicant. If the Applicant is a Certified Massage Practitioner, this requirement shall not apply. The Applicant shall be responsible for payment of any associated fees to the City.

14. If the Owner will provide Massage Services, the Owner's original CAMTC Certificate and original CAMTC photo identification card.

15. Authorization for the City, its agents, and employees to seek verification of the information contained in the application.
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16. Such other identification and information as the City may reasonably require in order to discover the truth of the matters herein specified and as required to be set forth in the application.

17. A current and valid policy of insurance issued by an insurance company authorized to do business in the state of California evidencing that the Applicant is insured under a liability insurance policy providing minimum coverage of $1,000,000 for injury or death to any one person arising out of the operation of any Massage Business and the administration of a Massage Services.

18. Proof of current City of West Sacramento Business license or submittal of a Business license application for the Massage Business.

19. A statement in writing and dated by the Person providing the information, that he or she certifies under penalty of perjury, that all information contained in the application is true and correct.

D. Additional Information. In the event that the Community Development Director requires further information, or deems the application incomplete, the Applicant shall be notified in writing of the required information within 20 calendar days of submitting the application. Additional information shall be provided within 15 calendar days of the date of the request, after which time the application shall be deemed abandoned. Abandoned and incomplete applications shall be denied.

E. Amendment. Following submission of an application, but before issuance of a Permit, if an Applicant discovers a need to provide additional information, or the need to correct information previously provided in the submitted application, the Applicant shall reach out to the Community Development Director within three (3) calendar days of discovering the need, and provide and/or correct information on the submitted application.

F. Renewal. A Massage Business shall apply to the City to renew its Massage Business Permit at least ninety (90) calendar days, but no more than one hundred fifty (150) days, prior to the expiration of said Massage Business Permit.

If an application for renewal of a Massage Business Permit and all required information is not timely received and the Massage Business Permit expires, no right or privilege to provide Massage shall exist. The same standards for review and approval of initial Permit issuance shall apply to renewal. The City shall establish fees for administration of renewals.

G. Fees. There shall be an administrative fee for the Massage Business Permit application or any amendment or renewal thereof. The City shall establish fees for implementation and enforcement of this Chapter.

H. Transfer. A Massage Business Permit may not be transferred from one person to another person or from one location to another location without approval of an 1098
amendment as described in Section 5.12.090. Any attempt to transfer the permit without an approved amendment shall make it immediately null and void.

5.12.060 Massage Business Permit issuance – Investigation – Grounds for Denial.

A. Upon receipt of a completed Massage Business Permit application in a form and content suitable to the Community Development Director, the Director, in consultation with the Police Chief, shall conduct an investigation, including an inspection of the Massage Business, if applicable, to ascertain whether a Permit should be issued as requested. The Community Development Director shall approve, condition or deny the Permit. An application not approved within one hundred fifty (150) days shall be deemed denied.

B. A Permit issued pursuant to this Chapter is valid for two years from the date of issuance unless otherwise conditioned by the Community Development Director.

Until a Permit has been issued, no Massage Business may operate within the City.

C. The Community Development Director may deny a Permit provided for in this Chapter if he or she finds any of the following:

1. The Applicant, any Owner, or any Person directly engaged, employed, or retained in the Massage Business, has:
a. Been convicted of a violation of any provision of law pursuant to which a person is required to register under the provisions of Penal Code section 290, or conduct in violation of California Penal Code sections 266h, 266i, 314, 315, 316, 318, subsections (b) or (d) of Penal Code section 647, Penal Code section 653.23, as may be amended, or convicted of an attempt to commit or conspiracy to commit any of the above-mentioned offenses, or any other crime involving
dishonesty, fraud, deceit, or moral turpitude or when the prosecution accepted a plea of guilty or nolo contendere to a charge of a violation of California Penal Code sections 415 or 602, as may be amended, or any lesser included or
related offense, in satisfaction of, or as a substitute for, any of the previously listed crimes, or any crime committed while engaged in the ownership of a Massage Business or the
practice of Massage.
b. Been convicted of a violation of Health and Safety Code section 11550 or any offense involving the illegal sale, distribution or possession of a controlled substance specified in Health and Safety Code sections 11054, 11055, 11056, 11057 or 11058, as may be amended.
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c. Been convicted of any offense in any other state or U.S. territory, which is the equivalent of any of the
abovementioned offenses.
d. Been subjected to a permanent injunction against the conduction or maintaining of a nuisance pursuant to sections 11225 through 11235 of the California Penal Code, as may be amended, or any similar provisions of law in a jurisdiction outside the state of California.
e. Committed an act in another jurisdiction which, if committed in this state, would have been a violation of law and which, if done by a permittee under this Chapter, would be grounds for denial, suspension or revocation of the Permit.
f. Committed any act, which, if done by a permittee, would be grounds for suspension or revocation of a Permit.
g. Had a Massage Business Permit or massage
therapist/practitioner permit or other similar license or permit denied, suspended or revoked for cause by the city, any state, local agency or other licensing authority, or has had to surrender a permit or license as a result of pending criminal charges or in lieu of said permit or license being suspended or revoked.

2. The Applicant has knowingly made any false, misleading, or fraudulent statement of material fact in the application or in any documentation required to be filed in conjunction with said application.

3. The application does not contain all the information required by Section

5.12.050 and Applicant fails to complete the application after having been notified of any additional information or documents required.

4. The Applicant is not at least 18 years of age.

5. The Massage Business, as proposed, does not comply with all applicable laws, including, but not limited to, health, zoning, fire, building, and safety requirements and standards imposed by the laws of the state and the ordinances of the city, including this Chapter.

6. The Applicant failed to obtain all the necessary approvals from the necessary City departments or other governmental agencies, including, but not limited to, the City's Community Development Department.

7. The Applicant has refused to or cannot meet the requirements established by this Chapter.

8. The required fee(s) have not been paid and/or any other requirements of this Chapter have not been satisfied within the time specified. 1100

9. The Massage Business is proposed in the same location in which a Massage Business has previously been closed due to criminal activity within three years prior to the date of the application.

10. If, in the Director's judgment, and supported by documentation and investigation, the proposed Massage Business is reasonably likely to be a threat to the public health, safety, or general welfare for any reason.

11. If the Massage Business is proposed in a location where, in the past two years, a previous Massage Business at that location received a notice of suspension, revocation, or fine issued pursuant to this Chapter.

D. Notwithstanding subsection C, the Applicant shall not be denied a Permit solely on the basis that he or she has been convicted of a felony if he or she has obtained a certificate of rehabilitation under section 4852.01 of the California Penal Code, as may be amended, or on the basis that he or she has been convicted of a misdemeanor not specified in subsection (C)(1)(a), (b), or (c) of this Section.

E. If the Community Development Director, upon completion of the application review and in consultation with the Police Chief’s investigation, determines the Applicant does not fulfill the requirements set forth in this Chapter, the Community Development Director shall provide written notification of the denial to the Applicant. The Applicant shall have the right to appeal to a hearing officer as set forth in Chapter 1.08.

F. Reapplication. No reapplication will be accepted within one (1) year after a City Massage Business Permit application is denied.

G. Upon issuance of any Permit, the Community Development Director may limit the Permit by any condition reasonably necessary to preserve the intent and purpose of this Chapter. Such Permit limitations shall be in writing and provided to the permittee.

5.12.070 Operating Requirements
A Massage Business operating in the City shall comply with the following operational requirements. These requirements expressly apply to Massage Businesses and Certified Massage Practitioners that operate from a fixed location as well as at remote, movable, on-call locations (e.g. travel to clients).

A. A Massage Business shall hold a current and valid Massage Business Permit.

B. All Massage Business employees, agents, Independent Contractors, or other staff offering or providing Massage Services shall display their original Certificate at the Massage Business where they provide Massage Services. A Certificate holder shall have their identification card in their possession while providing Massage Services.
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C. A Massage Business or Certified Practitioner shall not offer Massage Services except between the hours of 7:00 am (seven a.m.) and 9:00 pm (nine p.m). A Massage Business may not be open later than nine p.m. A Massage commenced prior to nine p.m. must terminate at or before nine p.m. All potential or actual Clients must leave the Massage Business at or before nine p.m.

D. A list of Massage Services and cost of each shall be prominently posted in the reception area of a Massage Business. Massage Businesses and Certified Practitioners that travel to locations must provide such list in advance of providing any Massage Services. No Massage Service except those detailed on such list may be offered or provided by a Massage Business or Certified Practitioner.

E. A Massage Business and Certified Practitioner shall keep an accurate and updated ledger of all Massage Services conducted including at least: the date and time, service provided, and name of the Certified Practitioner. Such records shall be readily available and provided for inspection at any time at the request of the Community Development Director. Such records shall be retained on the premises of the Massage Business for a period of two years.

F. Massage Businesses shall at all times be equipped with an adequate supply of clean sanitary towels, coverings, and linens. Clean towels, coverings, and linens shall be stored in enclosed cabinets. Towels and linens shall not be used on more than one Client, unless they have first been laundered and disinfected.

Disposable towels and coverings shall not be used on more than one Client.

Soiled linens and paper towels shall be deposited in separate, appropriate receptacles.

G. Wet and dry heat rooms, steam or vapor rooms or cabinets, toilet rooms, shower and bathrooms, tanning booths, whirlpool baths and pools shall be thoroughly cleaned and disinfected as needed, and at least once each day the premises are open, with an appropriate disinfectant. Bathtubs shall be thoroughly cleaned after each use with an appropriate disinfectant. All walls, ceilings, floors, and other physical facilities for the Massage Business must be in good repair and maintained in a clean and sanitary condition.

H. Instruments utilized in performing massage shall not be used on more than one Client unless they have been sterilized using an appropriate sterilization method.

I. All Massage Business operators and employees, agents, Independent Contractors, and other staff, no matter if offering or providing Massage Services or not, shall wear clean outer garments. Said garments shall not be, or be worn in a manner, that is deemed by the CAMTC to constitute unprofessional attire based on the custom and practice of the profession in California.

J. No person shall enter, be, or remain in any part of a Massage Business while in possession of an open container of alcohol or drugs except prescribed 1102
medication, or consuming, using, or under the influence of any alcoholic beverage or drugs except prescribed medication. No Owner or operator shall permit any such person to enter or remain upon such premises.

K. No Massage Business shall operate as a school of Massage or use the same facilities as that of a school of Massage.

L. No Massage Business shall place, publish, or distribute, or cause to be placed, published, or distributed any advertising matter that depicts any portion of the human body that would reasonably suggest to prospective Clients that any service is available other than those services listed as an available service, nor shall any Massage Business employ language in the text of such advertising that would reasonably suggest to a prospective Client that any service is available other than those services as described in compliance with the provisions of this Chapter.

M. No Massage shall be given unless the Client’s genitalia and, if applicable, female breasts are, at all times, fully covered. A person providing Massage Services shall not, in the course of administering any Massage, make physical contact with the genitals or anal region of any other person regardless of whether the contact is over or under the person’s clothing. Providing Massage of female breasts without the written consent of the Client receiving the massage is prohibited. When providing Massage of female breasts after receiving written consent, the requirement female breasts be fully covered shall not apply.

N. The Massage Business shall remain unlocked during business hours when the Massage Business is open for business and when clients are present. All exterior doors (except a rear entrance for staff only) and interior doors must remain unlocked during business hours, unless there is no Massage Business staff available to assure the security of clients and massage professionals who are behind closed doors. This subsection shall not apply to Sole Practitioners as defined in Section 5.12.020 of this Chapter.

O. Massage Rooms. The room where Massage is administered for each client shall have doors that remain unlocked at all times any client is in the room. A separate dressing area and clothing storage area is required where the massage is performed in a place other than where the client changes their clothing. Doors to such dressing rooms shall be self-closing.

P. No Massage Business located in a building or structure with exterior windows fronting a public street, highway, walkway, or parking area shall, during business hours, block visibility into the interior reception and waiting area through the use of curtains, closed blinds, tints, or any other material that obstructs, blurs, or unreasonably darkens the view into the premises. For the purpose of this subsection, there is an irrebuttable presumption that the visibility is impermissibly 1103
blocked if more than twenty-five percent of the interior reception and waiting area is not visible from the exterior window.

Q. All signs shall be in conformance with the current ordinances of the City.

R. Display of Human Trafficking Notices. The Massage Business shall comply with the requirements of California Civil Code section 52.6 related to the posting of information for victims of human trafficking.

S. Minimum lighting consisting of at least one artificial light of not less than forty watts shall be provided and shall be operating in each room or enclosure where Massage Services are being performed on Clients, and in all areas where Clients are present.

T. Restroom facilities and building ventilation shall be provided in accordance with applicable building codes and regulations.

U. Hot and cold running water shall be provided to a Massage Business at all times.

V. A minimum of one wash basin for employees shall be provided at all times. The basin shall be located within or as close as practicable to the area devoted to performing massage services. Sanitary towels and liquid soap shall also be provided at each basin.

W. A massage table or chair shall be used for all Massage Services, with the exception of “Thai”, “shiatsu”, and similar forms of massage therapy, which may be provided on a padded mat on the floor. Pads used on massage tables shall be covered with an appropriate material.

X. Beds, futons, mattresses, air mattresses, and waterbeds are not permitted on the premises of the massage establishment, and no Massage Business shall be used for residential or sleeping purposes
Y. All Massage Businesses shall comply with all local, county, state, and federal laws and regulations regarding operation of the Massage Business, including, but not limited to those related to accessibility.

5.12.080 Inspection of Records and Facilities by Officials- Massage Business Inspection Program
A. Records and Massage Facilities Subject to Inspection, Review, and Audit. The investigating and enforcing officials of the City, including but not limited to, representatives of the Police Department, Fire Department, Code Enforcement, Community Development Director, County Health, and Building Official, or their designees, shall be permitted to enter and inspect a Massage Business at any reasonable time, without charge or other restraint and in accordance with procedures required by law, to observe and enforce compliance with building, fire, electrical, plumbing, or health regulations, and to enforce compliance with applicable regulations, laws, and statues, and any provisions of this Chapter. 1104
B. Massage Business Inspection Program. The City shall conduct inspections of all Massage Businesses subject to the requirements of this Chapter, hereinafter referred to as the “Massage Business Inspection Program”.

1. The Massage Business Inspection Program is intended to function in parallel with the other enforcement mechanisms specified in this Chapter.

The City reserves the right to pursue all other civil, criminal, administrative, and code enforcement remedies available by law to ensure compliance with this Chapter.

2. The City may charge a fee for any staff and/or administrative costs related to the scheduling, conducting, and required follow-up activities related to inspections.

C. Violations of this Chapter are also violations of Title 19 of the West Sacramento Municipal Code and are subject to enforcement in accordance with both provisions which may include progressive application of administrative proceedings, abatement, civil actions and civil penalties, and may also be prosecuted as a misdemeanor or infraction depending on the nature and repetitiveness of the violations. Nothing in this Chapter shall be interpreted to preclude or limit the City from seeking injunctive or other judicial relief. (Ord. 05- 15 § 1)

5.12.090 Reporting Changes to Information Provided in Application Following Issuance of Massage Business Permit
A. A Massage Business shall notify the Community Development Director of any changes to the information provided in the Massage Business Permit application, including, but not limited to, a list of all current employees and associated contractors or changes in CAMTC certification to those offering or providing Massage Services, changes in ownership or ownership structure, a change in the location of the Massage Business, or changes in Owner(s) information as soon as possible, but not longer than thirty (30) days of the Owner's knowledge of the change.

B. Each Owner or operator of a Massage Business is individually responsible for reporting any of the following within three (3) business days of the occurrence, but may nonetheless collectively notify the Community Development Director of the occurrence:

1. Arrests of any Owners, operators, employees, agents, Independent Contractors, or other staff of the Massage Business for any reason, other than a misdemeanor traffic offense.

2. Resignations, terminations, or transfers of any employee, agent, independent contractor, or other staff person offering or providing Massage Services at or for the Massage Business;
1105

3. Suspension or revocation of the CAMTC certification of any employee, agent, Independent Contractor, or other staff person offering or providing Massage Services at or for the Massage Business.

4. Any event involving the Massage Business or the Massage Practitioners employed therein that constitutes a violation of this Chapter or state or federal law.

C. This provision requires reporting to the Community Development Director even if the Massage Business believes that the Community Development Director has or will receive the information from another source.

5.12.100 Exemptions
A. The provisions of this Chapter shall not apply to the following classes of individuals or businesses while engaged in the performance of their duties:

1. Physicians, surgeons, chiropractors, osteopaths, nurses, acupuncturists in compliance with State law (Business and Professions Code section 4927, et seq.), or any physical therapists who are duly licensed to practice their respective professions in the state of California and persons working directly under the supervision of or at the direction of such licensed persons, working at the same location as the licensed person, and administering Massage subject to review or oversight by the licensed person.

2. Barbers and beauticians who are duly licensed under the laws of the state of California while engaging in practices within the scope of their licenses.

This exception applies solely to the massaging of the neck, face and/or scalp, hands, or feet of the clients.

3. Hospitals, nursing homes, mental health facilities, or any other health facilities duly licensed by the state of California, and employees of these licensed institutions, while acting within the scope of their employment.

4. Accredited high schools, junior colleges, and colleges or universities whose coaches and trainers are acting within the scope of their employment.

5. Trainers of amateur, semi-professional or professional athletes or athletic teams while engaging in their training responsibilities for and with athletes; and trainers working in conjunction with a specific athletic event.

5.12.110 Violation—Penalties
Unless otherwise exempted by the provisions of this Chapter, every Person, whether acting as an individual, Owner, operator, employee, Independent Contractor or agent of the Owner or operator who offers or provides Massage Services or conducts a Massage 1106
Business in violation of this Chapter shall be guilty of a misdemeanor and upon conviction shall be punished in accordance with Chapter 1.12 of this code.

Any Massage Business operated, conducted, or maintained contrary to the provisions of this Chapter shall constitute an unlawful business practice pursuant to Business and Professions Code section 17200 et seq., and the District Attorney may, in the exercise of discretion, in addition to, or in lieu of, taking any other action permitted by this Chapter, commence an action or actions, proceeding or proceedings in the Superior Court of Yolo County, seeking an injunction prohibiting the unlawful business practice and/or any other remedy available at law, including, but not limited to, fines, attorneys’ fees and costs. All remedies provided for in this Chapter are cumulative.

5.12.120 Suspension or Revocation of Massage Business Permit; Appeal A. Grounds. A Massage Business Permit may be suspended or revoked by the Community Development Director upon finding any of the following:

1. A Person offering or performing Massage Services not in possession, or no longer in possession, of a current and valid CAMTC certification.

2. Violates or fails to comply with the terms and conditions of the Permit.

3. Does any act which violates any of the grounds for denial of the Permit.

4. Has engaged in or permitted misconduct substantially related to the qualifications, functions or duties of the permittee.

5. Conducts the Massage Business in a manner contrary to the peace, health, or safety of the public.

6. Has made any false, misleading, or fraudulent statement of material fact in the application or in any documentation required to be filed in conjunction with said application or has omitted material information from the application or in any documentation required to be filed in conjunction with said application.

7. Has been convicted of any of the crimes identified in Section

5.12.050(C)(1)(a), (b), (c) and/or (d).

8. Employs, retains, or otherwise allows any Person to provide Massage Services without an active and valid Certificate from the CAMTC.

9. Engages in unprofessional conduct, including, but not limited to, the following:
a. Engaging in sexually suggestive advertising related to Massage Services.
b. Engaging in any form of sexual activity on the premises of a Massage Business.
c. Engaging in sexual activity while providing Massage Services. d. Providing Massage Services on a suspended or revoked Permit. 1107
e. Providing Massage Services without a Permit.
f. Providing Massage of the genitals or anal region.
g. Providing Massage of the female breasts without the written consent of the Person receiving the Massage.
h. Dressing while engaged in the practice of Massage Services, or while visible to clients in a Massage Business, in a manner that is deemed by the CAMTC to constitute unprofessional attire based on the custom and practice of the profession in California.

10. An Owner fails to register under the provisions of Penal Code section 290 (sex offender registration); is convicted of Sections 266i (pandering), 315 (keeping or residing in a house of ill-fame), 316 (keeping disorderly house), 318 (prevailing upon person to visit a place for prostitution), 647(b) (disorderly conduct/engaging in or soliciting prostitution), or 653.23 (supervision of prostitute); has a business permit or license denied, revoked, restricted, or suspended by any agency, board, city, county, territory, or state; is subject to an injunction for nuisance pursuant to Sections 11225 through 11235 (red light abatement); is convicted of a felony offense involving the sale of a controlled substance; is convicted of any crime involving dishonesty, fraud, deceit, violence, or moral turpitude; or is convicted in any other state of an offense which, if committed in this state, would have been punishable as one or more referenced offenses in this subdivision.

11. The City determines that a material misrepresentation was included on the application for a Permit.

12. A violation of any local, county, state, or federal law has occurred on the premises, including but not limited to a violation of this Chapter or Business and Professions Code section 4600 et seq.

B. Time Period of Suspension. The Community Development Director may, at his or her discretion, suspend a Massage Business Permit for any period, up to and including the end of the Permit term.

C. Notice. Written notice of the denial, suspension, or revocation shall be served on the Owner by certified mail with the violation and supporting facts. The notice shall contain an advisement of the right to request an appeal hearing before the hearing officer.

D. Appeals. The suspension or revocation of a Massage Business Permit may be appealed pursuant to Chapter 1.08 and shall be heard before a hearing officer.

E. Effective Date of Suspension or Revocation. Suspension or revocation issued pursuant to this Chapter will be effective fifteen (15) calendar days from the date appearing on the notice, unless a timely and complete appeal is filed in 1108
accordance with this Chapter. Then, the effective date shall be as determined by the hearing officer.

F. Reapplication. No reapplication will be accepted within one (1) year after a City Massage Business Permit is revoked or suspended.

5.12.130 Public nuisance
It is unlawful and a public nuisance for a Massage Business to be operated, conducted, or maintained contrary to the provisions of this Chapter. The City may exercise its discretion, in addition to or in lieu of prosecuting a criminal action, to commence proceedings for the abatement, removal, and enjoinment of that Massage Business in any manner provided by law.

5.12.140 Severability
If any provision of this Chapter, or the application of any such provision to any Person or circumstance shall be held invalid, the remainder of this Chapter, to the extent it can be given effect, or the application of those provisions to Persons or circumstances other than those as to which it is held invalid, shall not be affected thereby, and to this end the provisions of this Chapter are severable.

5.12.150 Usage
As used in this Chapter, "must", "shall" and "will" are mandatory; "may" is permissive.

Section 3. Severability. If any provision of this Chapter, or the application of any such provision to any person or circumstance shall be held invalid, the remainder of this Chapter, to the extent it can be given effect, or the application of those provisions to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby, and to this end the provisions of this Chapter are severable.

Section 4. CEQA. Adoption of this Ordinance not subject to the California Environmental Quality Act ("CEQA") pursuant to CEQA Guidelines section 15061(b)(3) because it can be seen with certainty that there is no possibility the adoption of this Ordinance may have a significant effect on the environment.

Section 5. Effective Date and Publication. This Ordinance shall take effect thirty (30) days after its adoption, and, pursuant to Resolution 99-46 was published in summary format prior to adoption, and a summary will be published within 15 days after adoption in a paper of general circulation published and circulated within the City of West Sacramento.

PASSED AND ADOPTED by the City Council of the City of West Sacramento this day of , 2026, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
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Martha Guerrero, Mayor
ATTEST: Approved as to form:

Jennifer Cusmir, City Clerk Jeffrey Mitchell, City Attorney

CODIFY X UNCODIFY
1110

CITY COUNCIL AGENDA REPORT
MEETING DATE: April 15, 2026 ITEM # 13
SUBJECT:

CONSIDERATION OF ACCEPTANCE OF THE ANNUAL COMPREHENSIVE FINANCIAL REPORT AND RELATED DOCUMENTS FOR FISCAL YEAR ENDING JUNE 30, 2025 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, 2025 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, 2025.

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, 2025. 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 on March 12, 2026. The final audit report contains no reportable findings related to the city’s financial reporting.

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, 2025 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. 1111
Annual Comprehensive Financial Report
April 15, 2026

Page 2 ends

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
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ANNUAL CITY
OF
WEST

SACRAMENTO

COMPREHENSIVE

FINANCIAL REPORT
For the Fiscal Year Ended June 30, 2025

LOFNIEST SACRAMENTO
ATTACHMENT 1
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CITY OF WEST SACRAMENTO

CITY OF WEST SACRAMENTO, CALIFORNIA
Annual Comprehensive Final Report
For the Year Ended June 30, 2025
2 ATTACHMENT 1
1114

CITY OF WEST SACRAMENTO, CALIFORNIA
Annual Comprehensive Final Report
For the Year Ended June 30, 2025
Table of Contents
INTRODUCTORY SECTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Organizational Chart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 List of Elected and Appointed Officials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 GFOA Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 FINANCIAL SECTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Independent Auditors’ Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Management’s Discussion and Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Basic Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Government-Wide Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Statement of Net Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Statement of Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Fund Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Government Fund Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Balance Sheet - Governmental Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Reconciliation of the Governmental Funds Balance Sheet
with the Statement of Net Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Statement of Revenues, Expenditures and Changes in
Fund Balances - Governmental Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45 Reconciliation of the Net Change in Fund Balances -
Governmental Funds with the Statement of Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Proprietary Fund Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Statement of Net Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 Statement of Revenues, Expenses and Changes in Net Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 Fiduciary Fund Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 Statement of Fiduciary Net Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Statement of Changes in Fiduciary Net Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 Notes to The Basic Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 Page
3 ATTACHMENT 1
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CITY OF WEST SACRAMENTO, CALIFORNIA
Annual Comprehensive Final Report
For the Year Ended June 30, 2025
Table of Contents
Page
REQUIRED SUPPLEMENTARY INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 118 Budgetary Comparison Schedules -
General Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119
HCD - Block Grant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120 Low Moderate Income Housing Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121 Schedule of Changes in Net Pension Liability and Related Ratios - Miscellaneous Plan (Unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122
Schedule of Proportionate Share of the Net Pension Liability - Public Safety Plan (Unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124
Schedule of Contributions to the Pension Plan -
Miscellaneous Plan (Unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125
Schedule of Contributions to the Pension Plan -
Public Safety Plan (Unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125
Schedule of Changes in the Net Other Postemployment
Benefits Liability (Unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 126
Schedule of Contributions to the Other Postemployment
Benefits Liability (Unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 128
SUPPLEMENTARY INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130 Combining Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131 General Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 132 Combining Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances . . . . . . . . . . . . 137 Non - Major Governmental Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 141 Combining Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances . . . . . . . . . . . . 156 Budgetary Comparison Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168 City Capital Projects Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 169 Road Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170 Transit Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 171 Cable Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 172 General Equipment Improvements Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173 Tree Mitigation Improvements Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174 Landscape and Street Lighting Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175 Storm Water Maintenance District Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176 RD 811 Maintenance Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 177 Special Purpose Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 178 Parking Improvement Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 179 Public Safety Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180 Public Art Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181 Development Trust Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182 Bridge District IFD Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 183 Enhanced IFD Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 184 Public Works Support Services Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185 4 ATTACHMENT 1
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CITY OF WEST SACRAMENTO, CALIFORNIA
Annual Comprehensive Final Report
For the Year Ended June 30, 2025
Table of Contents
SUPPLEMENTARY INFORMATION (continued)
Page
Community Development Support Services Fund.................................................................................... 186 Flood Program Support Fund....................................................................................................................... 187 Technology Impact Fee Fund....................................................................................................................... 188 CDD Grants Fund........................................................................................................................................... 189 Environmental Support Services Fund....................................................................................................... 190 Reclamation District 900............................................................................................................................... 191 Traffic Improvements ..................................................................................................................................... 192 General Facilities............................................................................................................................................ 193 Park Improvement.......................................................................................................................................... 194 Police Facility Impact Fees ........................................................................................................................... 195 Fire Facility Impact Fees ............................................................................................................................... 196 Childcare Impact Fees................................................................................................................................... 197 City Hall Impact Fees..................................................................................................................................... 198 Corp Yard Impact Fees.................................................................................................................................. 199 Triangle/Bridge District Capital Fund........................................................................................................... 200 Flood In-Lieu Fees ......................................................................................................................................... 201 Southport Mello-Roos.................................................................................................................................... 202 Community Facilities District Fund.............................................................................................................. 203 2012 Pension Obligation Bonds................................................................................................................... 204 2012 Refunding Lease Revenue Bonds..................................................................................................... 205 2011 Lease Revenue Refunding Bonds ..................................................................................................... 206 General Equipment Lease............................................................................................................................ 207 Fiduciary Funds ....................................................................................................................................................... 208 Private - Purpose Trust Funds - Combining Statement of Fiduciary Net Position..................................... 209 Private - Purpose Trust Funds - Combining Statement of Changes in Fiduciary Net Position............... 210 Custodial Funds - Combining Statement of Fiduciary Net Position............................................................. 213 Custodial Funds - Combining Statement of Changes in Fiduciary Net Position ....................................... 223 5 ATTACHMENT 1
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CITY OF WEST SACRAMENTO, CALIFORNIA
Annual Comprehensive Final Report
For the Year Ended June 30, 2025
Table of Contents
Page
STATISTICAL SECTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 233 Financial Trends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 235 Net Position by Component - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 236 Change in Net Position - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 238 Fund Balances of Governmental Funds - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 242 Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . 244 Revenue Capacity Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246 Assessed Value and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years . . . . . . . . . . . . 247 Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 248 Principal Property Taxpayers - Current Year and Nine Years Ago . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 249 Debt Capacity Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250 Property Tax Levies and Collections - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 251 Ratios of Outstanding Debt by Type - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 252 Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 253 Direct and Overlapping Governmental Activities Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 254 Legal Debt Margin Information - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 256 Pledged - Revenue Coverage - City - Last Ten Fiscal Years:

Continuing Disclosure Water Revenue Bonds and Redevelopment Agency Tax Allocation Bonds and Successor Agency Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 258
Demographic and Economic Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 259 Demographic and Economic Statistics - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 260 Principal Employers - Current Year and Nine Years Ago . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 261 Operating Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 262 Capital Assets Statistics by Function/Program - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 263 Principal Sales Tax Remitters - Current Year and Nine Years Ago . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 264 Full-Time Equivalent City Government Employees by Function/Program - Last Ten Fiscal Years . . . . . . 265 Operating Indicators by Function/Program - Last Ten Fiscal Years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 266 6 ATTACHMENT 1
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INTRODUCTORY SECTION
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Letter of Transmittal
February 6, 2026
To the City Council and Citizens of the City of West Sacramento:

It is a pleasure to submit for your information the Annual Comprehensive Financial Report (Annual Report) of the City of West Sacramento (City) for the fiscal year ended June 30, 2025. Responsibility for both the accuracy of the data and completeness and fairness of the presentation, including all disclosures, rests with the City’s management. To the best of our knowledge and belief, the enclosed data are accurate in all material respects and reported in a manner designed to present fairly the financial position and results of operations of the various funds of the City. All disclosures necessary to enable the reader to gain an understanding of the City’s financial activities have been included.

FORMAL TRANSMITTAL OF THE ANNUAL REPORT
State statutes require an annual audit by independent certified public accountants. The firm LSL, LLP, was selected to audit the City’s financial records. The auditor’s report on the basic financial statement is included in the financial section of this report. The auditor’s report related specifically to the single audit is presented as a separate document.

The Annual Report is prepared in accordance with generally accepted accounting principles (GAAP) as promulgated by the Governmental Accounting Standards Board (GASB) and includes the report of the independent public accounting firm of LSL, LLP. Organization of the financial report follows the guidelines set forth by the Government Finance Officers Association of the United States and Canada (GFOA).

GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of a Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City’s MD&A can be found immediately following the report of the independent auditors.

INTERNAL CONTROLS
Management of the City is responsible for establishing and maintaining internal controls designed to ensure that the assets of the City are protected from loss, theft, or misuse, and to ensure that adequate accounting data are compiled to allow for the preparation of financial statements in conformity with accounting principles generally accepted in the United States. Responsibility for the City’s financial management is in the Finance Department.

The internal controls are designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgments by management.

Management relies on, and is confident that, the internal controls in place are adequate to ensure the accuracy of the financial data provided herein.
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As a recipient of federal, state, and local financial assistance, the City is also responsible for ensuring that adequate internal controls are in place to ensure document compliance with applicable laws and regulations related to these programs. These internal controls are subject to periodic evaluation by management and the internal audit staff of the City.

In addition, the City maintains extensive budgetary controls. The objective of these controls is to ensure compliance with legal provisions embodied in the budget approved by the City Council. Although activities for most funds are included in the Council approved budget, the City Council has delegated authority to the Finance Director to administratively authorize budgets up to the available audited fund balance for special revenue funds which are funded entirely by donations and/or grant funds.

As demonstrated by the statements and schedules included in the financial section of this report, the City continues to meet its responsibility for sound financial management.

PROFILE OF THE GOVERNMENT
The City was incorporated on January 1, 1987 as a general law city. The driving force behind the decision to incorporate was a need for improved community services and a desire by the people to control their own destiny.

The City operates under a council-manager form of government and provides municipal services that include public safety, public works, community services, and community development.

The citizens of West Sacramento elect four City Council Members by district who serve four-year terms and directly elect the Mayor who serves a four-year term. The position of Mayor Pro Tem is chosen by the City Council for a one-year term.

The City Council serves as the policy board for the municipality. As an elected “Board of Directors,” the City Council provides policy direction, establishes goals, and sets priorities for the City government. In addition to serving as the policymakers for the community, the City Council is also responsible for numerous land use decisions within its borders, including the General Plan. The City Council appoints the City Manager, City Attorney, and all members of the advisory boards and commissions.

This report includes all funds of the City and its four blended component units, the Sacramento-Yolo Port District, West Sacramento Redevelopment Successor Agency, Enhanced Infrastructure Financing District, and Reclamation District 900.

Component Units
The City Council also served as the Board for the West Sacramento Redevelopment Agency, and the City Manager served as the Executive Director. The Agency’s project area included approximately 5,416 acres, or 46 percent of the total land area of the City. The Agency’s goal was to maximize the abundant potential of West Sacramento’s land, assets, and people, with positive physical change that created vibrant retail commerce, a prestigious office address, diverse and highly desirable residential neighborhoods, and quality employment opportunities. The State Legislature passed Assembly Bill X1 26 to eliminate redevelopment agencies, which became effective January 31, 2012. The State designated “Successor Agencies” to implement the dissolution of redevelopment agencies, and wind down the affairs of the now dissolved redevelopment agency. Accordingly, the City Council now serves as the Board for the West Sacramento Redevelopment Successor Agency and the City Manager serves as its Executive Director.
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The Sacramento-Yolo Port District was formed in 1947 under Section 6800, et seq., of the California Harbors and Navigation Code. Historically, the district’s seven-member commission was appointed by the City and County of Sacramento (five members), Yolo County (one member), and the City of West Sacramento (one member). In January 2006, the governance of the Port was amended (Governance Agreement), and both the City of Sacramento and County of Sacramento agreed to allow the City to appoint a majority of the Commission members. In September 2006, state legislation was passed modifying the district’s enabling act (Harbor and Navigations Act – River Port Districts) from the above-mentioned seven-member commission to a five-member commission appointed by the City (four members) and Yolo County (one member). The commissioners appointed by the City may be members of the City Council but are not required to be City Council members. The City Manager serves as CEO of the Port.

Pursuant to Government Code commencing 53398.50, the City of West Sacramento Enhanced Infrastructure Financing District No. 1 (the “EIFD”) was formed on June 28, 2017 to assist with the financing of public infrastructure within a 4,127-acre district. The District allows the City to commit tax increment (growth in property tax revenues on assessed valuation over the 2016-17 base year) financing to the District. 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 Public Financing Authority (“the Authority”) was formed on February 1, 2017, to act as the governing body to the EIFD. The Authority membership consists of five members: three members are public members of the City Council, and two members are public members appointed by the City Council. The EIFD has a 45-year term from the date that debt obligations are first authorized by the public financing authority.

A LAFCo Resolution was adopted at the November 14, 2019 meeting for the reorganization of the Reclamation Districts (RDs) within the City limits of West Sacramento. That Resolution established RD 900 as a subsidiary district of the City of West Sacramento; detached the City portion of RD 537 and its Sphere of Influence (SOI); Annexed RD 537’s detached territory, RD 537’s SOI, and the balance of RD 900’s SOI within the West Sacramento Basin Levee System into RD 900. That change resulted in the City Council of the City of West Sacramento becoming the governing board for RD 900, and thus, RD 900 became a blended component unit of the City for financial reporting purposes. RD 900 remains a separate legal entity with its own staff, its own independent auditors, and its own separate accounting records. The City’s independent auditor reviews the audited financial statements prepared by RD 900’s independent auditor and incorporates those results into the City’s financial statements for reporting purposes.

Budget
The City legally adopts annual budgets for all General and some Special Revenue Funds. The City Council has delegated authority to the Finance Director to administratively authorize budgets up to the available audited fund balance for special revenue funds which are funded entirely by donations and/or grant funds.

The Council, on a multiyear basis, has initially covenanted debt service and capital projects with bond proceeds.

Other projects in the capital projects funds are budgeted by the Council on a multiyear basis. The legal level of control is the fund as stated in 7) below. The following procedures are followed in establishing the budgetary data reflected in the financial statements:

1. Department Heads prepare and submit a budget request based upon the previous years’ expenditures, anticipated changes or impacts for the upcoming period, and available resources to the Finance Division.

2. A meeting is held between the Department Heads, the Finance Director, and the City Manager for the purpose of reviewing and prioritizing the budget request.

3. The City Manager approves an estimate of revenues and prepares recommendations for the next biennial budget.

4. The biennial budget may or may not be amended by the City Council and is adopted by the City Council on or before June 30th in accordance with the municipal code.

5. The approved budget is placed in the City accounting system and monitored by the Finance Department as well as by the responsible City Department.
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6. The City Manager is authorized to transfer budgeted amounts within and between activities, within any fund. However, any revisions that alter the total expenditures of any fund must be approved by the City Council.

7. Budgets are adopted on a basis consistent with generally accepted accounting principles. Budgeted amounts are as originally adopted and as further amended by the City Council. The legal level of control (level at which expenditures may not exceed budget) is the fund.

Budget information is presented for the General and Special Revenue Funds in the fund financial statements. The budget information is presented on a basis consistent with generally accepted accounting principles.

Appropriations, except open project appropriations and unexpended grant appropriations, lapse at the end of each fiscal year.

LOCAL ECONOMIC CONDITION AND OUTLOOK
The annual job report in the six-county Sacramento region, of which the City is an integral part, is an essential component of the local/regional economic analysis. According to the 2025 Review, published by the Sacramento Business Review, the Sacramento Region is expected to see resilience in the economy, labor market, and consumer strength. As predicted, the region’s population and Labor Force growth has flattened out. Per the January 2025 Review, the unemployment rate in the Sacramento region is expected to remain relatively flat with unemployment rates in the 4.5 to 5.5% range.

According to the California Employment Development Department (EDD) August 2025 report, Yolo County’s unemployment rate was 5.8% which was slightly higher than the State of California unemployment rate of 5.5%.

The table below illustrates the unemployment rate for Yolo County in comparison with the State of California.

The primary sectors that gained jobs in the last month, according to the California Employment Development’s (EDD) August 2025 report, were Education and Health Services (+9,800) and Leisure and Hospitality (+9,300).

The 2025 Review, published by Sacramento Business Review, breaks real estate into four major sectors: Office, Industrial, Retail, and Residential. The Sacramento region ended the year at the highest vacancy rate since 2017 with industrial spaces lingering on the market. The demand in the Industrial sector slowed from the swift pace of 2021 and 2022. The Retail sector continues to remain stable. However, new retail projects continue to be held back by costs and financing availability. The Residential sector stayed fairly solid despite mortgage rate volatility, poor affordability and a rising resale market. New homes continue to outperform the resale market due to mortgage rate buydowns and incentives bridging the gap in affordability.

In summary, the Sacramento Business Review stated that economists remain pessimistic regarding several socioeconomic challenges, including housing affordability, fragile and recovering service sector economy, rising homelessness and crime, slow return to the office and potential fallout due to overexposure to California’s projected budget deficit.
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LONG-TERM FINANCIAL PLANNING
The City Council conducts an annual Strategic Planning Workshop to review progress and establish priorities and direction for staff for the coming year. The process involves articulating a vision of where an organization wants to go, creating a plan for how to get there and identifying how to carry out the plan. It is a forward-looking process that produces tangible, measurable and meaningful results.

As part of this process, the City Council and senior city staff gather for the purpose of reviewing and adjusting the current Strategic Plan and developing an action document for the upcoming year that sets forth specific projects and programs that further the Plan. The Council considers several issues during the process of evaluating projects and programs for the upcoming year's work program, including financial constraints and opportunities; timing and benefits; urgency; available staffing resources; community demand; and most importantly, relevance to the vision. Ideally, the work program developed for the upcoming year is composed of projects that can be accomplished or moved forward significantly within that year. The projects are monitored and accumulated until they are completed.

Following the Council's annual strategic planning workshop, a new work program incorporating the above ideas and more is developed to establish the short-term policy and management agendas for the upcoming year.

The Policy Agenda includes items that need direction or policy decision by the Council, a major funding decision, or leadership collaboration with other governmental bodies. The 2025 Policy Agenda includes:
• Flood Protection (Federal Project)
• Measure O/EIFD Bond Implementation
• Light Rail Extension/Transit Expansion
• Enterprise Crossing Project Development
• Bryte Park Master Plan Implementation
• Stone Lock Planning & Development
• Climate Action Plan Implementation
• Jefferson Boulevard/Highway 50 Entryway Beautification • Clarksburg Trail Enhancement
• Citywide Public Safety, Security and Service Metrics
• Affordable Childcare/Home Run Integration
• Tree Preservation Ordinance Updates and Urban Forest Master Plan • Southport Framework Plan Review and Design Guidelines • Sidewalk Repair Program
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 2025 Management Agenda includes:
• Homelessness and Communitywide Impacts
• Retail Cannabis Program Implementation
• I Street Bridge Replacement/Deck Conversion
• Municipal Workforce Diversity and Gender Equity
• Grand Gateway Development
• Pheasant Club Development
• Tourism Improvement District Formation
• Development Services Enhancements
• Equitable Investment Strategy/Programs
• Stormwater Flood Protection and Maintenance
• West Capitol Avenue Enforcement/Enhancement
• Proactive and Strategic Communications
• Neighborhood-Focused Road Safety/Traffic Calming Plans • Emergency Water Intertie
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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, V, and O) 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, 2024. This was the 27th 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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Organizational Chart
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List of Elected and Appointed Officials
2024-2025
List of Elected and Appointed Officials
Elected Officials
Mayor Marth Guerrero
Mayor Pro Tem Verna Sulpizio Hull
Council Member Norma Alcala
Council Member Quirina Orozco
Council Member Dawnte Early
Appointed Officials
City Manager Aaron Laurel
City Attorney Jeffrey Mitchell
Executive Team
Assistant City Manager Amanda Berlin
Director of Finance Roberta Raper
Director of Capital Projects Ariana Adame
Director of Community Development Andrea Ouse
Director of Economic Development & Housing Traci Michel Director of Parks & Recreation Kate Smith
Director of Public Works Vacant
Fire Chief Steve Binns
Police Chief Robert Strange
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GFOA Certificate
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FINANCIAL SECTION
City of West Sacramento
Annual Comprehensive Financial Report
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INDEPENDENT AUDITORS’ REPORT
Independent Auditors’ Report
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of West Sacramento, California, (hereafter, the “City”) as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents.

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

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

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

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

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

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

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

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

To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
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Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying combining and individual fund financial statements and schedules (supplementary information) are presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

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

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

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

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated February 6, 2026, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering City’s internal control over financial reporting and compliance.

Sacramento, California
February 6, 2026
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
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MANAGEMENT’S DISCUSSION AND ANALYSIS
Management’s Discussion and Analysis
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As management of the City of West Sacramento (City), we offer readers of the City’s financial statements this narrative overview and analysis of the financial activities for the fiscal year ended June 30, 2025. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which can be found on page viii of this report.

OVERVIEW OF THE ANNUAL COMPREHENSIVE FINANCIAL REPORT
This Annual Comprehensive Financial Report contains three major sections:

1. The Introductory section, which includes the Transmittal Letter and general information;

2. The Financial section, which includes the Management’s Discussion and Analysis (this part), the Basic Financial Statements, including the Government-wide and Fund Financial Statements with the notes to these Financial Statements, and the Combining and Individual Fund Financial Statements and Schedules; and

3. The Statistical section.

The Basic Financial Statements
The Basic Financial Statements consist of the Government-wide Financial Statements and the Fund Financial Statements; these two sets of financial statements provide two different views of the City’s financial activities and financial position.

The Government-wide Financial Statements
The Government-wide Financial Statements provide a broad overview of the City’s activities as a whole and consist of the Statement of Net Position and the Statement of Activities. The Statement of Net Position provides information about the financial position of the City as a whole, including all its capital assets and long-term liabilities on a full-accrual basis, similar to that used by corporations. The Statement of Activities provides information about all the City’s revenues and expenses, also on a full-accrual basis, with the emphasis on measuring net revenues or expenses of each of the City’s programs. The Statement of Activities explains in detail the change in net position for the year.

All the City’s activities are grouped into government activities and business-type activities, as explained below. All the amounts in the Statement of Net Position and the Statement of Activities are separated into government. activities and business-type activities in order to provide a summary of these two activities of the City as a whole. • Government activities – All of the City’s basic services are considered to be governmental activities, including general government, community development, economic development, public safety, animal control, engineering, community events, public improvements, planning and zoning, building inspections, and general administration. These services are supported by general City revenues such as taxes, and by specific program revenues such as developer fees.
• The City’s governmental activities include the activities of three component units, West Sacramento Redevelopment Successor Agency, Enhanced Infrastructure Financing District and Reclamation District 900.
• Business-type activities – All the City’s enterprise activities are reported here, including sewer, water, port, and solid-waste activity. Unlike governmental services, these services are supported by charges paid by users based on the amount of service they use.

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
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Fund Financial Statements
A fund is a group of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All the funds of the City can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds.

Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the Government-wide Financial Statements. However, unlike the Government-wide Financial Statements, Governmental Fund Financial Statements focus on near-term inflows and outflows of spendable resources, as well as balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government’s near-term financing requirements.

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

The Governmental Funds Financial Statements provide detailed information about each of the City’s most significant funds, called major funds. The concept of major funds, and the determination of which are major funds, was established by Governmental Accounting Standards Board (GASB) Statement 34 and replaces the concept of combining like funds and presenting them as one total. Instead, each major fund is presented individually, with all non-major funds summarized and presented only in a single column. Subordinate schedules present the details of these non-major funds. Major funds present the major activities of the City for the year and may change from year to year as a result of changes in the pattern of the City’s activities. For the fiscal year ending June 30, 2025, the City’s major governmental funds are as follows:
• General Fund
• Low Moderate Income Housing Fund – Special Revenue Fund • HCD Block Grant Fund - Special Revenue Fund
• City Capital Projects Fund
Proprietary funds. The City maintains four proprietary funds, all of which are reported as enterprise fund types.

Enterprise funds are used to report the same functions presented as business-type activities in the Governmentwide Financial Statements. The City uses enterprise funds to account for sewer, water, port, and solid-waste activities. The Sewer Fund, Water Fund, Port Fund, and the Solid Waste Fund are major funds.

Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the Government-wide and Fund Financial Statements. The notes to the financial statements can be found starting on page 59 of this report.

Required Supplementary Information
Required supplementary information regarding the funding progress of the City’s pension and post-employment benefits plans can be found starting on page 119 of this report.

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
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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 145 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 $801.5 million as of June 30, 2025, and $792.2 million as of June 30, 2024.

By far the largest portion of the City’s net position (62.0%) 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 38.0% 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 2025 increased by $3.7 million for governmental activities and increased $5.7 million for business-type activities, for a combined increase of $9.4 million. The increase in current and other assets of $13.6 million is primarily due to an increase of $20.1 million in cash and investments due to increases in property taxes, sales taxes with the inclusion of a new general sales tax, and investment earnings due to favorable market conditions in Fiscal Year 2025. Similarly, capital assets increased by $18.7 million due to the completion and recognition of new assets during the fiscal year. Deferred outflows of resources decreased by $7.3 million due to decreases in pension related obligations due to changes in assumptions and decreases in the net difference between projected and actual earnings on the pension plan investment.

Current and other liabilities and long-term liabilities for governmental activities increased by $15.2 million and decreased by $2.2 million for business-type activities. The increase for governmental activities was primarily due to increases in compensated absences related to the implementation of GASB 101. The decrease for businesstype activities was primarily due to a $3.8 million decrease in liabilities due in more than one year as outstanding debt continues to be repaid annually. This decrease was offset by a $1.6 million increase in accounts payable related to the one-time accrual of Refuse Fund payments. Deferred inflows of resources increased by $2.6 million. This is a result of increases in lease-related deferred inflows of resources due to the addition of new leases primarily in governmental activities in Fiscal Year 2025.

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
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CITY OF WEST SACRAMENTO, CALIFORNIA

SUMMARY OF NET POSITION
AS OF JUNE 30, 2025 AND 2024
Governmental Activities Business-Type Activities Total
2025 2024 2025 2024 2025 2024
Current and other assets $ 363,474,492 $ 353,303,426 $ 101,795,325 $ 98,382,517 $ 465,269,817 $ 451,685,943 Capital assets 422,853,890 403,226,202 142,947,576 143,890,643 565,801,466 547,116,845 Total assets 786,328,382 756,529,628 244,742,901 242,273,160 1,031,071,283 998,802,788 Total Deferred Outflow of
Resources 41,186,321 47,913,209 5,936,360 6,474,590 47,122,681 54,387,799 Current and other liabilities 28,871,190 22,975,347 13,304,227 11,702,583 42,175,417 34,677,930 Non-current liabilities 136,534,936 127,209,694 56,972,484 60,758,025 193,507,420 187,967,719 Total liabilities 165,406,126 150,185,041 70,276,711 72,460,608 235,682,837 222,645,649 Total Deferred Inflows of
Resources 13,792,608 9,626,145 27,186,902 28,766,437 40,979,510 38,392,582 Net investment in capital assets 406,576,328 396,590,849 90,044,890 87,172,257 496,621,218 483,763,106 Restricted 146,765,263 159,901,191 - - 146,765,263 159,901,191 Unrestricted 94,974,378 88,139,611 63,170,758 60,348,448 158,145,136 148,488,059 Total net position $ 648,315,969 $ 644,631,651 $ 153,215,648 $ 147,520,705 $ 801,531,617 $ 792,152,356 Governmental Activities
Total governmental revenues reported for Fiscal Year 2025 were $176.9 million, an increase of $7.3 million. This increase is primarily due to increases of $7.2 million in property tax and sales tax revenues due to the addition of a new general sales tax measure, Measure O, and $2.3 million in investment earnings due to favorable market conditions.

Total governmental revenues reported for Fiscal Year 2024 were $169.6 million, an increase of $3.3 million. This increase is primarily due to an increase of $5 million in taxes for property and sales taxes. Miscellaneous revenues decreased by $6.5 million due to the sale of proceeds from land sales in the prior fiscal year while use of money and property increased by $7.3 million due to favorable market conditions.

Business-type Activities
Total business-type revenues reported for Fiscal Year 2025 were $56.4 million, a decrease of $5.8 million. The changes in business-type revenues were primarily due to a $6.6 million gain for the sale of a portion of the Port Seaway property in Fiscal Year 2024.

Total business-type revenues reported for Fiscal Year 2024 were $62.2 million, an increase of $9.1 million. The changes in business-type revenues were primarily due to a $6.6 million gain for the sale of a portion of the Port Seaway property, an increase of $1.4 million in investment earnings due to favorable investment market and $1.9 million in charges for services due to increased connection fees.

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
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CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED JUNE 30, 2025 AND 2024
Governmental Activities Business-type Activities Total
2025 2024 2025 2024 2025 2024
Revenues:

Program Revenues:

Charges For Services $ 28,559,752 $ 32,695,367 $ 49,479,290 $ 49,565,105 $ 78,039,042 $ 82,260,472 Operating Grants And
Contributions 21,384,243 18,852,867 4,841 - 21,389,084 18,852,867 Capital Grants And
Contributions 1,444,728 2,461,570 - - 1,444,728 2,461,570 General Revenues:

Property Taxes 48,231,439 45,436,524 - - 48,231,439 45,436,524 Sales Taxes 50,898,168 46,469,840 - - 50,898,168 46,469,840 Transient Occupancy Taxes 2,378,244 2,357,423 - - 2,378,244 2,357,423 Other Taxes 7,689,268 7,037,513 - - 7,689,268 7,037,513 Investment Earnings 12,993,899 10,698,550 6,280,480 5,369,935 19,274,379 16,068,485 Miscellaneous 3,308,634 3,573,507 603,275 681,208 3,911,909 4,254,715 Gain On Sale Of Capital Asset - - - 6,576,875 - 6,576,875 Total Revenues 176,888,375 169,583,161 56,367,886 62,193,123 233,256,261 231,776,284 Expenses:

Governmental Activities:

General Government 42,697,997 31,780,584 - - 42,697,997 31,780,584 Public Safety 57,098,949 24,818,998 - - 57,098,949 24,818,998 Community Development 22,653,648 56,535,957 - - 22,653,648 56,535,957 Culture And Recreation 13,599,257 10,203,591 - - 13,599,257 10,203,591 Public Works 32,032,241 4,421,462 - - 32,032,241 4,421,462 Landscape And Street Lighting 4,462,809 10,438,766 - - 4,462,809 10,438,766 Housing Rehabilitation 6,322,146 900,404 - - 6,322,146 900,404 Interest On Long-term Debt 1,008,990 649,482 - - 1,008,990 649,482 Loss On Sale Of Capital Asset - - 1,184,344 -
Business-type Activities: - -
Sewer Fund - - 15,416,751 14,816,088 15,416,751 14,816,088 Water Fund - - 12,834,223 12,613,839 12,834,223 12,613,839 Refuse Fund - - 11,993,961 10,846,708 11,993,961 10,846,708 Port Operations - - 2,571,683 10,438,468 2,571,683 10,438,468 Total Expenses 179,876,037 139,749,244 44,000,962 48,715,103 222,692,655 188,464,347 Excess (Deficiency) Before
Transfers (2,987,662) 29,833,917 12,366,924 13,478,020 10,563,606 43,311,937 Transfers 6,671,981 5,847,136 (6,671,981) (5,847,136) - - Changes In Net Position 3,684,319 35,681,053 5,694,943 7,630,884 10,563,606 43,311,937 Net Position - Beginning 644,631,650 608,950,598 147,520,705 139,889,821 792,152,355 748,840,419 Net Position - Ending $ 648,315,969 $ 644,631,651 $ 153,215,648 $ 147,520,705 $ 802,715,961 $ 792,152,356 MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
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Governmental Activities
The following table shows the cost of each of the City’s major programs and the net cost of the programs. Net revenues are the total costs, less fees and other direct revenue generated by those activities. The net revenues reflect the financial burden that was placed on the City taxpayers by each of the programs. 2025 2024
Total Cost of
Services Net Revenues
Total Cost of
Services Net Revenues
General government $ 42,697,997 $ (35,854,801) $ 31,780,584 $ (26,331,350) Public works 32,032,241 (5,952,119) 24,818,998 4,682,216 Public safety 57,098,949 (52,626,210) 56,535,957 (50,998,373) Community development 22,653,648 (16,252,384) 10,203,591 (5,981,240) Landscaping and street lighting 4,462,809 507,011 4,421,462 1,856,232 Culture and recreation 13,599,257 (13,519,036) 10,438,766 (10,325,040) Housing rehabilitation 6,322,146 (3,780,785) 900,404 2,007,597 Interest on long-term debt 1,008,990 (1,008,990) 377,307 (649,482) $ 179,876,037 $ (128,487,314) $ 139,477,069 $ (85,739,440) In all, functions/programs of Governmental Activities, General Government, Community Development, Culture and Recreation and Public Safety have a net cost of $118.3 million which demand the most resources from City taxpayers. The City’s growing population has required significant capital investment, including service programs for fire and police protection as well as parks and recreation improvements and maintenance. Very few direct revenues (charges for these services) can be garnered to offset these costs, thereby requiring taxes to fund these services.

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
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The following chart illustrates the comparison between expenses and program revenues for Governmental Activities:

Expenses Program Revenues
General Government
Public Works
Public Safety
Community Development
Landscaping and Street Lighting
Culture and Recreation
Housing Rehabilitation
Interest on Long-term Debt
$—
$10,000,002
$20,000,004
$30,000,006
$40,000,008
$50,000,010
$60,000,012
The following chart illustrates sources of revenues for Governmental Activities:

Revenues by Source - Governmental Activities
Charges for Services, $28,559,752
Operating grants and
contributions, $21,384,243
Capital grants and contributions, $1,444,728
Investment Earnings, $12,993,899
Taxes, $109,197,119
Other, $3,308,634
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
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BUSINESS-TYPE ACTIVITIES
The following table shows the cost of each of the City’s major programs and the net cost of the programs. Net revenues are the total costs, less fees and other direct revenue generated by those activities. The net revenues reflect the financial burden that was placed on the City taxpayers by each of the programs.

SUMMARY OF NET POSITION
FOR THE FISCAL YEARS ENDED JUNE 30, 2025 and 2024
2025 2024
Total Cost of
Services Net Revenues
Total Cost of
Services Net Revenues
Sewer $ 15,416,751 $ 247,209 $ 14,816,088 $ 810,015
Water 12,834,223 7,294,982 12,613,839 7,898,275
Port 2,571,683 (837,713) 10,438,468 (8,862,917)
Refuse 11,993,961 (36,965) 10,846,708 1,004,629
$ 42,816,618 $ 6,667,513 $ 48,715,103 $ 850,002
The following chart illustrates the comparison between program expenses and program revenues for businesstype activities.

Expenses Program Revenues
Sewer Water Port Refuse
$—
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
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The following chart illustrates revenues by source for business-type activities:

Revenues by Source
Business-Type Activities
Charges for Services, $49,479,290
Operating Grants and
Contributions, $4,841
Miscellaneous, $603,275
Investment Earnings, $6,280,480
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
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Financial Analysis of the Government’s Funds
The City uses fund accounting to assure and demonstrate compliance with finance-related legal requirements.

The fund financial statements focus on individual parts of the City government, reporting the City’s operations in more detail than the government-wide financial statements.

Governmental Funds
At fiscal year-end June 30, 2025, the City’s governmental funds reported a combined fund balance of $319.4 million, an increase of $1.8 million. The General Fund reported a decrease of $3.7 million in fund balance. In the General Fund, revenues increased by $10.3 million primarily due to increases in property and sales taxes.

However, increases in expenses of $22.0 million outpaced revenue increases resulting in the overall decrease in fund balance. This is primarily due to increases of $8.5 million in capital outlay related to property acquisitions and new leases in Fiscal Year 2025.

The HCD - Block Grant reported a fund balance of $33.6 million, an increase of $0.6 million in Fiscal Year 2025 primarily due to increased development fees received.

Low Moderate Income Housing Asset Fund remained nearly the same in Fiscal Year 2025 with small increases due primarily to the proceeds from the sale of an asset and investment earnings.

The fund balance reported in the City Capital Projects Fund increased by $15.5 million and was primarily due to increased transfers in to fund capital projects in Fiscal Year 2025.

The fund balance reported in the Nonmajor Funds decreased by $10.9 million and was primarily due to increased transfers out to fund capital projects in Fiscal Year 2025.

Proprietary Funds
The net position of the Sewer Fund was $39.1 million in Fiscal Year 2025 and $39.9 million in Fiscal Year 2024.

The net position decrease of $0.8 million in Fiscal Year 2025 was due to an increase in transfers out for capital projects while service charges remain stagnant as sewer rates remain unchanged.

The net position of the Water Fund was $70.4 million in Fiscal Year 2025 and $64.6 million in Fiscal Year 2024.

The net increase of $5.8 million in Fiscal Year 2025 was primarily due to incoming connection fee revenues while expenditures remain stable compared to the prior fiscal year.

The net position of the Port Fund was $38.4 million in Fiscal Year 2025 and $36.7 million in Fiscal Year 2024. The net increase of $1.6 million in Fiscal Year 2025 was primarily due to increases in charges for services while ongoing operations and maintenance expenditures remain relatively stable.

The net position of Refuse Fund was $5.3 million in Fiscal Year 2025 and $6.3 million in Fiscal Year 2024. The decrease of $1.0 million in Fiscal Year 2025 is due to increased transfers out for general support.

General Fund Budgetary Highlights
The City has historically adopted two budgets. The first is an operational biennial budget that includes operational costs, staffing, vehicles, and minor departmental capital expenditures. The second is a capital improvement program budget.

The City’s General Fund budgeted operating revenues of $124.2 million and realized $122.1 million (98% of budget). This is an increase of $10.4 million (approximately 8.5%) from the previous year. The increase is attributed to increased taxes due to the addition of a new general sales tax measure, Measure O and increased interest income due to favorable market conditions.

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
31 ATTACHMENT 1
1143
General Fund operating expenditures were budgeted at $130.7 million and recognized $108.6 million in actual expenses (83.1% of budget). Fiscal Year 2025 expenditures remained relatively unchanged from the prior fiscal year resulting in an increase of $20.0 million (approximately 122.6%). This is primarily due to increases of $8.5 million in capital outlay related to property acquisitions and new leases in Fiscal Year 2025.

Capital Assets
As of June 30, 2025, the City had invested $565.8 million in capital assets, net of depreciation/amortization; an increase of 3.4% from the prior year.

Major capital asset events during the year included governmental infrastructure improvements with the following costs:
• City Hall HVAC Replacement $4.2 million
• State Streets Design Project $3.6 million
• Westacre Park Reno & Expansion $2.8 million
• Sycamore Phase II $2.7 million
• 2286 Del Monte Acquisition $2.2 million
• Corporation Yard Phase II $2.1 million
• I Street Bridge Local Match $1.8 million
• HSIP-2 Traffic Signal Improvements $1.5 million
• Street Car Design Phase II $1.4 million
• Bryte Park ADA Upgrades $1.3 million
Business-type activities of capital improvements included the following costs:
• Racks, Components & Integrator $1.9 million
• South Sewer Lift Station Rehab $0.6 million
• GIS Surveying and Mapping $0.4 million
• WTP VFD Replacement $0.4 million
• High Service Manifold Replacement $0.3 million
More details of the capital assets and current transactions can be found in Note 6 of the Financial Statements.

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
32 ATTACHMENT 1
1144

CAPITAL ASSETS (NET OF DEPRECIATION)
AS OF JUNE 30, 2025 and 2024
Governmental Activities Business-type Activities Total
2025 2024 2025 2024 2025 2024
Land $ 35,507,791 $ 34,607,290 $ 11,176,766 $ 11,206,375 $ 46,684,557 $ 45,813,665 Construction In Progress 78,998,744 55,514,335 25,122,406 21,739,908 104,121,150 77,254,243 Buildings And Improvement 74,172,710 68,778,045 14,871,901 15,736,235 89,044,611 84,514,280 Machinery And Equipment 9,462,844 9,680,502 2,222,416 2,221,994 11,685,260 11,902,496 Infrastructure 220,646,317 232,471,207 89,346,181 92,813,915 309,992,498 325,285,122 Lease Assets 3,506,325 1,886,786 98,295 — 3,604,620 1,886,786 Subscription Assets 559,159 288,037 109,611 172,216 668,770 460,253 Total $ 422,853,890 $ 403,226,202 $ 142,947,576 $ 143,890,643 $ 565,801,466 $ 547,116,845 Long-term Debt
The City uses a variety of indebtedness to finance various capital acquisitions and improvements. At June 30, 2025, the City’s long-term liabilities are $136.5 million for governmental activities and $57.0 million for businesstype activities.

More details of the long-term liabilities and current transactions can be found in Note 12 of the Financial Statements.

ECONOMIC OUTLOOK
The City prepares a multi-year financial forecast annually, which focuses on long-term financial viability for the City’s General Fund and allows decision makers to better understand the impact of policy decisions on the City’s finances in the long-term. Budget development adheres to a series of policies adopted by the City Council, which guide long-term planning, reserve levels, cash and debt management, and utility rates. Additional details on the economy of the City are discussed in the accompanying Transmittal Letter.

REQUESTS FOR INFORMATION
This Annual Comprehensive Financial Report is intended to provide citizens, taxpayers, investors, and creditors with a general overview of the City’s finances. If you have any questions about this report, need additional financial information, or would like to obtain component unit financial statements, contact the City of West Sacramento Department of Finance, 1110 West Capitol Avenue, West Sacramento, California 95691, or visit the City’s web page at www.cityofwestsacramento.org.

MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE FISCAL YEAR ENDED JUNE 30, 2025
33 ATTACHMENT 1
1145

BASIC FINANCIAL STATEMENTS
34 ATTACHMENT 1
1146
Government-Wide Financial Statements
35 ATTACHMENT 1
1147
Statement of Net Position
ASSETS
Cash and investments $ 252,293,322 $ 58,684,868 $ 310,978,190 Receivables (net of uncollectibles):

Accounts 4,532,755 9,583,967 14,116,722
Accrued interest 11,716,752 818,394 12,535,146
Due from other governments 14,280,695 21,541 14,302,236 Grants 6,386,517 4,841 6,391,358
Notes and loans 61,247,230 225,643 61,472,873
Leases 7,540,847 30,266,733 37,807,580
Internal balances (2,183,036) 2,183,036 -
Restricted assets:

Cash with fiscal agent 1,801,146 2,828 1,803,974
Land held for resale 3,220,184 - 3,220,184
Prepaid costs 2,638,080 3,474 2,641,554
Capital assets (not being depreciated) 114,506,535 36,299,172 150,805,707 Capital assets (net of accumulated depreciation/amortization) 308,347,355 106,648,404 414,995,759 Total assets 786,328,382 244,742,901 1,031,071,283

DEFERRED OUTFLOWS OF RESOURCES
Deferred amount on refunding - 4,749,121 4,749,121
Pension-related 30,914,907 622,778 31,537,685
OPEB-related 10,271,414 564,461 10,835,875
Total deferred outflows of resources 41,186,321 5,936,360 47,122,681

LIABILITIES
Accounts payable 10,010,371 4,504,505 14,514,876
Due to other governments 814,986 1,729,476 2,544,462
Accrued liabilities 3,090,661 543,983 3,634,644
Accrued interest 253,105 391,595 644,700
Deposits payable 4,401,480 1,617,953 6,019,433
Unearned revenue 3,957,605 177,359 4,134,964
Noncurrent liabilities:

Due within one year: bonds, notes, leases, and
compensated absences 6,342,982 4,339,356 10,682,338
Due in more than one year:

Net pension liability 110,638,020 2,709,789 113,347,809 Net OPEB liability 6,861,054 375,726 7,236,780
Bonds, notes, leases, SBITA, and compensated absences 19,035,862 53,886,969 72,922,831 Total liabilities 165,406,126 70,276,711 235,682,837

DEFERRED INFLOWS OF RESOURCES
Pension-related 1,132,614 - 1,132,614
OPEB-related 5,822,902 318,184 6,141,086
Lease-related 6,837,092 26,868,718 33,705,810
Total deferred inflows of resources 13,792,608 27,186,902 40,979,510

NET POSITION
Net investment in capital assets 406,576,328 90,044,890 496,621,218 Restricted:

Housing rehabilitation 58,815,923 - 58,815,923
Street, road, and drainage projects 12,417,186 - 12,417,186 Community development 10,921,695 - 10,921,695
Capital projects 62,413,495 - 62,413,495
Parks and recreation 79,643 - 79,643
Public safety 974,623 - 974,623
Information technology 643,400 - 643,400
Debt service 499,298 - 499,298
Unrestricted 94,974,378 63,170,758 158,145,136
Total net position $ 648,315,969 $ 153,215,648 $ 801,531,617 Primary Government
Governmental
Activities
Business-Type
Activities Total

CITY OF WEST SACRAMENTO, CALIFORNIA
Statement of Net Position
June 30, 2025
See accompanying Notes to the Basic Financial Statements 36 ATTACHMENT 1
1148
Statement of Activities
Functions/Programs:

Primary government:

Governmental activities:

General government $ 42,697,997 $ 4,398,054 $ 2,378,099 $ 67,043 Public safety 57,098,949 2,450,004 1,289,815 732,920
Community development 22,653,648 4,447,827 1,806,054 147,383 Culture and recreation 13,599,257 75,098 474 4,649
Public works 32,032,241 10,829,000 15,251,122 -
Landscape and street lighting 4,462,809 4,477,087 - 492,733 Housing rehabilitation 6,322,146 1,882,682 658,679 -
Interest expenses and fiscal charges 1,008,990 - - -
Total governmental activities 179,876,037 28,559,752 21,384,243 1,444,728 Business-type activities:

Sewer Fund 15,416,751 15,663,960 - -
Water Fund 12,834,223 20,124,364 4,841 -
Refuse Fund 11,993,961 11,956,996 - -
Port Operations 2,571,683 1,733,970 - -
Total business-type activities 42,816,618 49,479,290 4,841 - Total primary government 222,692,655 78,039,042 21,389,084 1,444,728 General revenues and transfers:

General revenues:

Property taxes
Transient occupancy taxes
Sales taxes
Franchise taxes
Other taxes
Use of money and property
Miscellaneous income
Contributions to permanent fund
Transfers
Total general revenues and transfers
Change in net position
Net position-beginning
Net position-ending
Program Revenues
Expenses
Charges for
Services
Operating
Contributions
and Grants
Capital
Contributions
and Grants

CITY OF WEST SACRAMENTO, CALIFORNIA
Statement of Activities
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements 37 ATTACHMENT 1
1149
$ (35,854,801) $ - $ (35,854,801)
(52,626,210) - (52,626,210)
(16,252,384) - (16,252,384)
(13,519,036) - (13,519,036)
(5,952,119) - (5,952,119)
507,011 - 507,011
(3,780,785) - (3,780,785)
(1,008,990) - (1,008,990)
(128,487,314) - (128,487,314)
- 247,209 247,209
- 7,294,982 7,294,982
- (36,965) (36,965)
- (837,713) (837,713)
- 6,667,513 6,667,513
(128,487,314) 6,667,513 (121,819,801)
48,231,439 - 48,231,439
2,378,244 - 2,378,244
50,898,168 - 50,898,168
3,614,346 - 3,614,346
4,074,922 - 4,074,922
12,993,899 6,280,480 19,274,379
3,308,634 603,275 3,911,909
- (1,184,344) (1,184,344)
6,671,981 (6,671,981) -
132,171,633 (972,570) 131,199,063
3,684,319 5,694,943 9,379,262
644,631,650 147,520,705 792,152,355
$ 648,315,969 $ 153,215,648 $ 801,531,617
Net (Expenses) Revenues and
Changes in Net Position
Primary Government
Governmental
Activities
Business-Type
Activities Total
See accompanying Notes to the Basic Financial Statements 38 ATTACHMENT 1
1150
Fund Financial Statements
39 ATTACHMENT 1
1151

FUND FINANCIAL STATEMENTS
Fund financial statements are presented by individual major funds, while non-major funds are combined in a single column. Major funds are defined generally as having significant activities or balances in the current year.

MAJOR GOVERNMENTAL FUNDS
The funds described below were determined to be major funds by the City. Individual non-major funds may be found in the Supplementary section.

General Fund - to account for all revenues and expenditures necessary to carry out basic governmental activities of the City that are not accounted for through other funds. For the City, the General Fund includes such activities as police protection, planning, engineering, public works operations and maintenance, and legal and administrative services.

HCD Block Grant Special Revenue Fund - 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 - 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 Moderate 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 – to account for future general capital projects of the City in one consolidated capital projects fund.

See accompanying Notes to the Basic Financial Statements 40 ATTACHMENT 1
1152
Government Fund Financial Statements
41 ATTACHMENT 1
1153
Balance Sheet - Governmental Funds
Special Revenue Funds
Capital
Projects
Funds
Formerly
Nonmajor
Fund
General Fund
HCD - Block
Grant
Low Moderate
Income
Housing Fund
City Capital
Projects Fund
ASSETS
Pooled cash and investments $ 61,667,344 $ 4,936,636 $ 694,934 $ 78,098,567 Receivables (net of allowance for uncollectible):

Accounts 2,933,870 162,581 - 1,720
Accrued interest 368,151 4,623,487 6,366,281 96,942
Due from other governments 13,611,259 - - 32,963
Grants - 42,879 - 4,144,309
Notes and loans 121,417 28,741,804 32,384,009 -
Leases 7,455,120 - - -
Due from other funds 2,312,038 - - -
Prepaid costs 891,798 - - -
Land held for resale 3,220,184 - - -
Advances to other funds 3,738,228 - - -
Restricted assets:

Cash with fiscal agent - - - -
Total assets $ 96,319,409 $ 38,507,387 $ 39,445,224 $ 82,374,501

LIABILITIES
Accounts payable $ 2,905,742 $ 32,453 $ - $ 4,831,990
Accrued liabilities 2,653,570 - - -
Unearned revenues 820,410 - - 782,185
Deposits payable 69,570 - - 50,000
Due to other governments 157,255 - - 654,209
Due to other funds 402,473 210,650 - -
Advances from other funds 6,645,833 - - -
Total liabilities 13,654,853 243,103 - 6,318,384

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues 511,785 4,624,316 6,364,954 2,754,909 Leases 6,756,869 - - -
Total deferred inflows of resources 7,268,654 4,624,316 6,364,954 2,754,909

FUND BALANCES (DEFICITS)
Nonspendable 7,971,626 - - -
Restricted - 33,639,968 33,080,270 -
Committed 39,780,502 - - 73,301,208
Assigned - - - -
Unassigned 27,643,774 - - -
Total fund balances (deficits) 75,395,902 33,639,968 33,080,270 73,301,208 Total liabilities and fund balances (deficits) $ 96,319,409 $ 38,507,387 $ 39,445,224 $ 82,374,501

CITY OF WEST SACRAMENTO, CALIFORNIA
Balance Sheet
June 30, 2025
See accompanying Notes to the Basic Financial Statements 42 ATTACHMENT 1
1154
Total Total
Nonmajor Governmental
Funds Funds
ASSETS
Pooled cash and investments $ 106,895,841 $ 252,293,322 Receivables (net of allowance for uncollectible):

Accounts 1,434,584 4,532,755
Accrued interest 261,891 11,716,752
Due from other governments 636,473 14,280,695
Grants 2,199,329 6,386,517
Notes and loans - 61,247,230
Leases 85,727 7,540,847
Due from other funds - 2,312,038
Prepaid costs 1,746,282 2,638,080
Land held for resale - 3,220,184
Advances to other funds 11,439,579 15,177,807
Restricted assets:

Cash with fiscal agent 1,801,146 1,801,146
Total assets $ 126,500,852 $ 383,147,373

LIABILITIES
Accounts payable $ 2,240,186 $ 10,010,371
Accrued liabilities 437,091 3,090,661
Unearned revenues 2,355,010 3,957,605
Deposits payable 4,281,910 4,401,480
Due to other governments 3,522 814,986
Due to other funds 1,698,915 2,312,038
Advances from other funds 10,715,010 17,360,843
Total liabilities 21,731,644 41,947,984

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues 726,823 14,982,787
Leases 80,223 6,837,092
Total deferred inflows of resources 807,046 21,819,879

FUND BALANCES (DEFICITS)
Nonspendable 13,185,861 21,157,487
Restricted 87,355,521 154,075,759
Committed 8,505,878 121,587,588
Assigned 339,169 339,169
Unassigned (5,424,267) 22,219,507
Total fund balances (deficits) 103,962,162 319,379,510
Total liabilities and fund balances (deficits) $ 126,500,852 $ 383,147,373

CITY OF WEST SACRAMENTO, CALIFORNIA
Balance Sheet (Continued)
June 30, 2025
See accompanying Notes to the Basic Financial Statements 43 ATTACHMENT 1
1155
Reconciliation of the Governmental Funds Balance Sheet
with the Statement of Net Position
Amounts reported for governmental activities in the Statement of Net Position are different because:

Total fund balances - governmental funds $ 319,379,510
Capital assets, net of accumulated depreciation/amortization, used in governmental activities are not financial resources and, therefore, are not reported in the funds. 422,853,890 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 30,914,907
Deferred outflows-OPEB related 10,271,414
Deferred inflows-pension related (1,132,614)
Deferred inflows-OPEB related (5,822,902)
Total deferred outflows and inflows related to postemployment benefits 34,230,805 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 revenues 14,982,787
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 (12,733,180)
Leases and SBITA payable (3,544,382)
Compensated absences (9,101,282)
Accrued interest payable on long-term debt (253,105)
Net pension liability (110,638,020)
Net OPEB liability (6,861,054)
Total long-term liabilities (143,131,023)
Net position of governmental activities $ 648,315,969

CITY OF WEST SACRAMENTO, CALIFORNIA
Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position June 30, 2025
See accompanying Notes to the Basic Financial Statements 44 ATTACHMENT 1
1156
Statement of Revenues, Expenditures and Changes in
Fund Balances - Governmental Funds
Special Revenue Funds
Capital
Projects Fund
Formerly
Nonmajor
Fund
HCD - Block
Grant
Low Moderate
Income
Housing Fund
City Capital
General Fund Projects Fund

REVENUES
Taxes $ 105,527,191 $ - $ - $ -
Licenses and permits 910,055 - - -
Intergovernmental 2,017,053 732,075 - 7,678,566
Contributions from property owners 1,496 - - -
Charges for services 8,814,008 997,500 - -
Use of money and property 4,258,361 279,171 25,864 2,382,178 Fines and forfeitures 219,511 - - -
Miscellaneous 351,272 16,371 - 1,720
Total revenues 122,098,947 2,025,117 25,864 10,062,464

EXPENDITURES
Current:

General government 28,071,587 - - -
Public safety 50,755,443 - - -
Community development 299 - - -
Housing rehabilitation - 540,085 171 -
Culture and recreation 10,773,891 - - -
Public works 6,809,586 - - 10,099,807
Landscape and street lighting - - - -
Capital outlay 11,045,512 - - 27,979,041
Debt service:

Principal retirement 943,665 - - -
Interest expenses and fiscal charges 191,154 16,085 - - Total expenditures 108,591,137 556,170 171 38,078,848
Excess (deficiency) of revenues
over (under) expenditures 13,507,810 1,468,947 25,693 (28,016,384)

OTHER FINANCING SOURCES (USES)
Transfers in 8,798,431 177,389 - 45,914,674
Transfers out (28,781,271) (999,154) - (2,383,175)
Subscriptions issuance 2,759,677 - - -
Proceeds from sale of capital assets 5,546 - 243,250 -
Total other financing sources (uses) (17,217,617) (821,765) 243,250 43,531,499 Net change in fund balances (3,709,807) 647,182 268,943 15,515,115 Fund balances-beginning (deficit) 79,105,709 - 32,815,658 57,786,093 Restatements - changes to reporting entity - 32,992,786 (4,331) - Fund balances (deficit)-beginning 79,105,709 32,992,786 32,811,327 57,786,093 Fund balances (deficit)-ending $ 75,395,902 $ 33,639,968 $ 33,080,270 $ 73,301,208

CITY OF WEST SACRAMENTO, CALIFORNIA
Statement of Revenues, Expenditures and Changes in Fund Balances For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements 45 ATTACHMENT 1
1157
Total Total
Nonmajor Governmental
Funds Funds

REVENUES
Taxes $ 3,669,928 $ 109,197,119
Licenses and permits 4,868,003 5,778,058
Intergovernmental 13,677,995 24,105,689
Contributions from property owners 1,574,458 1,575,954
Charges for services 9,155,029 18,966,537
Use of money and property 6,048,325 12,993,899
Fines and forfeitures 81,706 301,217
Miscellaneous 2,939,271 3,308,634
Total revenues 42,014,715 176,227,107

EXPENDITURES
Current:

General government 2,595,852 30,667,439
Public safety 1,135,298 51,890,741
Community development 13,322,664 13,322,963
Housing rehabilitation 1,311,205 1,851,461
Culture and recreation 1,475,045 12,248,936
Public works 13,672,554 30,581,947
Landscape and street lighting 4,462,809 4,462,809
Capital outlay 2,076,535 41,101,088
Debt service:

Principal retirement 865,233 1,808,898
Interest expenses and fiscal charges 636,721 843,960
Total expenditures 41,553,916 188,780,242
Excess (deficiency) of revenues
over (under) expenditures 460,799 (12,553,135)

OTHER FINANCING SOURCES (USES)
Transfers in 13,876,763 68,767,257
Transfers out (29,931,676) (62,095,276)
Subscriptions issuance 4,654,741 7,414,418
Proceeds from sale of capital assets 28,218 277,014
Total other financing sources (uses) (11,371,954) 14,363,413 Net change in fund balances (10,911,155) 1,810,278
Fund balances-beginning (deficit) 147,861,772 317,569,232 Restatements - changes to reporting entity (32,988,455) - Fund balances (deficit)-beginning 114,873,317 317,569,232 Fund balances (deficit)-ending $ 103,962,162 $ 319,379,510

CITY OF WEST SACRAMENTO, CALIFORNIA
Statement of Revenues, Expenditures and Changes in Fund Balances (Continued) For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements 46 ATTACHMENT 1
1158
Reconciliation of the Net Change in Fund Balances -
Governmental Funds with the Statement of Activities
Amounts reported for governmental activities in the Statement of Activities are different because:

Net change in fund balances - total governmental funds: $ 1,810,278 Governmental funds report capital outlays are expenditures. However, in the Statement of Activities, the cost of these assets is allocated over their estimated useful lives and reported as depreciation/amortization expense. This is the amount by which capital outlays exceeded depreciation/amortization expense in the current period.

Capital outlay 43,252,449
Depreciation/amortization expense (19,973,762)
Total adjustment 23,278,687
Revenues in the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds.

Earned but unavailable other revenues 661,268
The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade-ins, and donations) is to increase/(decrease) net position.

Loss/(gain) on disposal of capital assets (3,650,999)
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 expenditure 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.

Notes and loans issued (9,092,526)
Leases issued (2,234,492)
Amortization of deferred amounts on refunding (30,819)
Principal payments 1,715,628
Total adjustment (9,642,209)
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 (165,030)
Compensated absences (2,316,173)
Changes in pension liabilities and related deferred outflows and inflows of resources (7,126,331) Changes in OPEB liabilities and related deferred outflows and inflows of resources 834,828 Total adjustment (8,772,706)
Change in net position of governmental activities $ 3,684,319

CITY OF WEST SACRAMENTO, CALIFORNIA
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements 47 ATTACHMENT 1
1159
Proprietary Fund Financial Statements
48 ATTACHMENT 1
1160

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

The City has identified the funds below as major proprietary funds.

Sewer Fund - to account for sanitary sewer services provided to the citizens of West Sacramento. All activities necessary to provide such services are accounted for in this fund, including, but not limited to, administration, operations, treatment, maintenance, capital improvement, and billing and collection.

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

Port Fund - 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. 49 ATTACHMENT 1
1161
Statement of Net Position
ASSETS
Current assets:

Cash and investments $ 11,923,598 $ 34,501,145 $ 6,257,640 $ 6,002,485 $ 58,684,868 Receivables (net of uncollectibles):

Accounts 2,996,912 3,720,470 2,491,333 375,252 9,583,967 Notes and loans 225,027 616 - - 225,643
Accrued interest 29,452 94,439 20,487 674,016 818,394
Due from other governments 7,310 8,551 5,680 - 21,541
Grants - 4,841 - - 4,841
Leases receivable - - - 550,514 550,514
Prepaid costs 1,723 1,751 - - 3,474
Restricted:

Cash with fiscal agent 156 2,672 - - 2,828
Total current assets 15,184,178 38,334,485 8,775,140 7,602,267 69,896,070 Noncurrent:

Leases - - - 29,716,219 29,716,219
Advances to other funds - - - 2,183,036 2,183,036
Capital assets - net of accumulated depreciation/amortization 35,103,327 80,334,469 127,234 27,382,546 142,947,576 Total noncurrent assets 35,103,327 80,334,469 127,234 59,281,801 174,846,831 Total assets 50,287,505 118,668,954 8,902,374 66,884,068 244,742,901

DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding 46,254 4,702,867 - - 4,749,121 Pension-related 191,624 369,227 - 61,927 622,778
OPEB-related 261,127 274,000 14,609 14,725 564,461
Total deferred outflows of resources 499,005 5,346,094 14,609 76,652 5,936,360

LIABILITIES
Current liabilities:

Accounts payable 157,597 1,005,916 3,250,339 90,653 4,504,505 Accrued liabilities 213,516 262,679 852 66,936 543,983
Accrued interest 67,661 311,476 - 12,458 391,595
Unearned revenue - - - 177,359 177,359
Deposits payable 411,042 730,999 325,912 150,000 1,617,953 Due to other governments 1,649,000 76,148 - 4,328 1,729,476 Accrued compensated absences 54,501 123,641 - 32,905 211,047 Bonds, notes, leases, SBITAs 223,176 3,700,616 - 204,517 4,128,309 Total current liabilities 2,776,493 6,211,475 3,577,103 739,156 13,304,227 Noncurrent liabilities:

Accrued compensated absences 109,729 204,127 - 49,612 363,468 Bonds, notes, leases, SBITA 7,643,373 45,223,002 - 657,126 53,523,501 Net pension liability 833,781 1,606,554 - 269,454 2,709,789 Net OPEB liability 173,816 182,385 9,724 9,801 375,726
Total noncurrent liabilities 8,760,699 47,216,068 9,724 985,993 56,972,484 Total liabilities 11,537,192 53,427,543 3,586,827 1,725,149 70,276,711

DEFERRED INFLOWS OF RESOURCES
OPEB-related 147,196 154,453 8,235 8,300 318,184
Lease-related - - - 26,868,718 26,868,718
Total deferred inflows of resources 147,196 154,453 8,235 26,877,018 27,186,902

NET POSITION
Net investment in capital assets 27,283,032 36,113,721 127,234 26,520,903 90,044,890 Unrestricted 11,819,090 34,319,331 5,194,687 11,837,650 63,170,758 Total net position $ 39,102,122 $ 70,433,052 $ 5,321,921 $ 38,358,553 $ 153,215,648 Business-Type Activities
Sewer Fund Water Fund Refuse Fund
Port
Operations
Total
Enterprise
Funds

CITY OF WEST SACRAMENTO, CALIFORNIA
Statement of Net Position
Proprietary Funds
June 30, 2025
See accompanying Notes to the Basic Financial Statements 50 ATTACHMENT 1
1162
Statement of Revenues, Expenses and Changes in Net Position

OPERATING REVENUES
Charges for services $ 15,324,953 $ 18,118,506 $ 11,956,996 $ 3,147,166 48,547,621 Connection fees 339,007 2,005,858 - - 2,344,865
Other operating revenues 287,310 52,143 - 248,032 587,485 Total operating revenues 15,951,270 20,176,507 11,956,996 3,395,198 51,479,971

OPERATING EXPENSES
Salaries and benefits 1,721,345 3,246,275 - 629,874 5,597,494 Operations and maintenance 11,774,029 4,692,090 11,943,334 1,029,295 29,438,748 Depreciation and amortization 1,658,030 3,223,062 50,627 882,043 5,813,762 Total operating expenses 15,153,404 11,161,427 11,993,961 2,541,212 40,850,004 Operating income (loss) 797,866 9,015,080 (36,965) 853,986 10,629,967

NONOPERATING REVENUES (EXPENSES)
Intergovernmental - 4,841 - - 4,841
Interest revenue 638,790 1,637,604 410,828 2,180,062 4,867,284 Interest expense (268,617) (1,244,528) - (30,471) (1,543,616) Amortization of premiums (discounts) 5,270 783 - - 6,053 Amortization of deferred outflows from refunding - (413,261) - - (413,261) Gain (loss) on disposal of capital assets - - - (1,184,344) (1,184,344) Total nonoperating revenues (expenses) 375,443 (14,561) 410,828 965,247 1,736,957 Income (loss) before capital contributions and transfers 1,173,309 9,000,519 373,863 1,819,233 12,366,924 Transfers in 26,997 51,153 - - 78,150
Transfers out (1,963,189) (3,245,822) (1,339,049) (202,071) (6,750,131) Change in net position (762,883) 5,805,850 (965,186) 1,617,162 5,694,943 Net position-beginning 39,865,005 64,627,202 6,287,107 36,741,391 147,520,705 Net position-ending $ 39,102,122 $ 70,433,052 $ 5,321,921 $ 38,358,553 $ 153,215,648 Business-Type Activities
Sewer Fund Water Fund Refuse Fund
Port
Operations
Total
Enterprise
Funds

CITY OF WEST SACRAMENTO, CALIFORNIA
Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements 51 ATTACHMENT 1
1163
Statement of Cash Flows
Business-Type Activities
Sewer Fund Water Fund Refuse Fund
Port
Operations Totals

CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers $ 15,242,592 $ 19,041,719 $ 11,845,816 $ 3,323,113 $ 49,453,240 Payments to suppliers and service providers (11,905,819) (4,340,317) (10,523,582) (957,201) (27,726,919) Payments to employees for salaries and benefits (1,567,811) (3,025,519) (8,428) (606,922) (5,208,680) Other receipts (payments) - - - (1,041,852) (1,041,852) Net cash provided by (used for)
operating activities 1,768,962 11,675,883 1,313,806 717,138 15,475,789

CASH FLOWS FROM NONCAPITAL

FINANCING ACTIVITIES
Transfers from other funds 26,997 51,153 - - 78,150
Transfers to other funds (1,963,189) (3,245,822) (1,339,049) (202,071) (6,750,131) Interest paid on on-capital debt (2,990) - - (2,858) (5,848) Net cash provided by (used for)
noncapital financing activities (1,939,182) (3,194,669) (1,339,049) (204,929) (6,677,829)

CASH FLOWS FROM CAPITAL AND RELATED

FINANCING ACTIVITIES
Repayment of notes receivable 15,669 2,137 - - 17,806
Acquisition and construction of capital assets (1,466,946) (3,528,353) - (1,120,758) (6,116,057) Principal paid on capital debt (374,357) (3,802,711) - (197,658) (4,374,726) Interest paid on capital debt (261,132) (1,225,944) - (30,471) (1,517,547) Proceeds from sales of assets - - - 141,350 141,350
Net cash provided by (used for)
capital and related financing activities (2,086,766) (8,554,871) - (1,207,537) (11,849,174)

CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of investments - - - 247 247
Interest on investments 653,440 1,636,501 413,777 2,059,010 4,762,728 Net cash provided by (used for)
investing activities 653,440 1,636,501 413,777 2,059,257 4,762,975 Net increase (decrease) in
cash and cash equivalents (1,603,546) 1,562,844 388,534 1,363,929 1,711,761 Cash and cash equivalents-beginning 13,527,300 32,940,973 5,869,106 4,638,556 56,975,935 Cash and cash equivalents-ending $ 11,923,754 $ 34,503,817 $ 6,257,640 $ 6,002,485 $ 58,687,696

CITY OF WEST SACRAMENTO, CALIFORNIA
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements 52 ATTACHMENT 1
1164
Business-Type Activities
Sewer Fund Water Fund Refuse Fund
Port
Operations Totals

RECONCILIATION OF CASH AND CASH EQUIVALENTS

TO THE STATEMENT OF NET POSITION
Cash and investments $ 11,923,598 $ 34,501,145 $ 6,257,640 $ 6,002,485 $ 58,684,868 Cash with fiscal agent 156 2,672 - - 2,828
Total cash and cash equivalents $ 11,923,754 $ 34,503,817 $ 6,257,640 $ 6,002,485 $ 58,687,696

RECONCILIATION OF OPERATING INCOME (LOSS)

TO NET CASH PROVIDED BY (USED FOR)

OPERATING ACTIVITIES
Operating income (loss) $ 797,866 $ 9,015,080 $ (36,965) $ 853,986 $ 10,629,967 Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities:

Depreciation/amortization expense 1,658,030 3,223,062 50,627 882,043 5,813,762 (Increase) decrease in accounts receivable (711,980) (1,157,667) (113,691) (82,636) (2,065,974) (Increase) decrease in due from other governments 4,609 5,391 3,581 - 13,581 (Increase) decrease in prepaid items 90,651 (238) - 247 90,660 Increase (decrease) in accounts payable (183,200) 301,722 1,416,171 68,643 1,603,336 Increase (decrease) in due to other governments (43,850) 44,898 - 3,204 4,252 Increase (decrease) in accrued liabilities 45,094 78,087 - 39,804 162,985 Increase (decrease) in deposits payable 3,302 22,879 2,511 10,551 39,243 Increase (decrease) in compensated absences 69,156 102,214 - (3,397) 167,973 Increase (decrease) in claims and judgments - - - (1,041,852) (1,041,852) Increase (decrease) in net pension liability 65,187 106,111 - (9,031) 162,267 Increase (decrease) in net OPEB liability (25,903) (65,656) (8,428) (4,424) (104,411) Total adjustments 971,096 2,660,803 1,350,771 (136,848) 4,845,822 Net cash provided by (used for)
operating activities $ 1,768,962 $ 11,675,883 $ 1,313,806 $ 717,138 $ 15,475,789

SCHEDULE OF NON-CASH NONCAPITAL, CAPITAL,

AND INVESTING ACTIVITIES
Unrealized gain/(loss) on fair value of investments $ 142,234 $ 301,015 $ 75,584 $ 75,767 $ 594,600 Amortization on bond discount/(premium) 5,270 (412,478) - - (407,208)

CITY OF WEST SACRAMENTO, CALIFORNIA
Statement of Cash Flows (Continued)
Proprietary Funds
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements 53 ATTACHMENT 1
1165
Fiduciary Fund Financial Statements
54 ATTACHMENT 1
1166

FIDUCIARY 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 two trusts that include a scholarship fund where the principal and interest will benefit City and/or individuals, and the activities of the Successor Agency to the City of West Sacramento Redevelopment Agency that assumed the remaining assets and liabilities of the City of West Sacramento Redevelopment Agency when it was dissolved on January 31, 2012.

Custodial Funds are used to account for assets held by the City as an agent for individuals, private organizations, and other governments. The financial activities of these funds are excluded from the entity - wide financial statements, but are presented in separate fiduciary fund financial statements. 55 ATTACHMENT 1
1167
Statement of Fiduciary Net Position
Private
Purpose
Trust Funds
Custodial
Funds
ASSETS
Cash and cash equivalents $ 10,452,419 $ 67,043,522
Receivables:

Accounts - 359,188
Accrued interest 25,080 148,152
Grants - 12,305,758
Leases - 19,278
Prepaid costs - 7,161
Due from other governments - 1,478,927
Restricted assets:

Cash and investments 16,854 832,215
Cash and investments with fiscal agent - 12,971,563
Capital assets not being depreciated 592,925 -
Total assets 11,087,278 95,165,764

DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding 996,445 -
Total deferred outflows of resources 996,445 -

LIABILITIES
Accounts payable 10,614 5,140,324
Accrued interest 682,956 -
Unearned revenues - 19,443,692
Deposits payable 11,358 -
Due to external parties/other agencies - 29,379,697
Long-term liabilities:

Due in one year 5,866,618 -
Due in more than one year 45,489,703 -
Total liabilities 52,061,249 53,963,713

DEFERRED INFLOWS OF RESOURCES
Lease related - 15,638
Total deferred inflows of resources - 15,638

NET POSITION
Restricted for:

Individuals and organizations (39,977,526) 41,186,413
Total net position $ (39,977,526) $ 41,186,413

CITY OF WEST SACRAMENTO, CALIFORNIA
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2025
See accompanying Notes to the Basic Financial Statements 56 ATTACHMENT 1
1168
Statement of Changes in Fiduciary Net Position
Private
Purpose
Trust Funds
Custodial
Funds

ADDITIONS
Contributions:

Employer $ - $ 12,001,361
Total contributions - 12,001,361
Investment earnings:

Interest 363,738 3,843,497
Total investment earnings 363,738 3,843,497
Taxes 8,843,522 18,189,838
Intergovernmental - 13,663,747
Total additions 9,207,260 47,698,443

DEDUCTIONS
Benefits 6,146 -
Contractual services 1,078,869 51,287
Capital outlay - 72,639
Interest expense 1,974,390 5,613,244
Principal expense - 8,273,473
Contributions to other governments 189,057 21,264,833
Total deductions 3,248,462 35,275,476
Net increase (decrease) in fiduciary net position 5,958,798 12,422,967 Net position-beginning (45,936,324) 28,763,446
Net position-ending $ (39,977,526) $ 41,186,413

CITY OF WEST SACRAMENTO, CALIFORNIA
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Year Ended June 30, 2025
See accompanying Notes to the Basic Financial Statements 57 ATTACHMENT 1
1169
Notes to The Basic Financial Statements
58 ATTACHMENT 1
1170
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 fivemember 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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
504
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
59 ATTACHMENT 1
1171

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.

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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
504
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 60 ATTACHMENT 1
1172
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 SacramentoYolo 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 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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
504
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 61 ATTACHMENT 1
1173
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.

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 HCB 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.

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

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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
504
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 62 ATTACHMENT 1
1174
Additionally, the City reports the following fund types:

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.

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.

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.

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Notes to the Financial Statements
For the Year Ended June 30, 2025
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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, 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 multiyear 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.

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Notes to the Financial Statements
For the Year Ended June 30, 2025
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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.

The Economic Development Fund, Underground Improvement Fund, Drainage Improvement Fund, and BD development Fee did not have legally adopted budgets for the year ended June 30, 2025. These funds are not required to adopt a budget; therefore, budgetary comparison schedules are not presented.

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, 2025; expenditures and transfers together, shall not exceed appropriations at the Fund level, which is the legal level of control.

The Funds below incurred expenditures and transfers over appropriations at the Fund level. Funds without a legally adopted budget are omitted.

Fund Name Appropriations
Total
Expenditures
and Transfers
Excess
Expenditures
and Transfers
Non-major Special Revenue Funds
RD 811 Maintenance Fund $ 3,500 $ 24,060 $ (20,560)
Public Art Fund - 1,100 (1,100)
Enhanced IFD Fund 295,039 298,967 (3,928)
Reclamation District 900 2,389,124 3,107,303 (718,179)
Non-major Capital Projects Funds
Traffic Improvements Fund - 1,721 (1,721)
General Facilities Fund - 1,187 (1,187)
Park Improvement Fund 236,588 241,076 (4,488)
Fire Facility Impact Fees 94,284 94,312 (28)
Childcare Impact Fees - 4,756 (4,756)
City Hall Impact Fees - 6,813 (6,813)
Corp Yard Impact Fees 141,776 146,203 (4,427)
Flood In-Lieu Fees 4,000,000 4,004,291 (4,291)
Southport Mello-Roos - 1,026 (1,026)
Community Facilities District Fund - 4,545,119 (4,545,119)

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
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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.

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 $776,634 at June 30, 2025. 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, 2025, the utilities allowances were as follows:

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

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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
504
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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. Donated capital assets are valued at their acquisition value, the price that would have been paid to acquire the asset, on the date donated.

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.

Depreciation/amortization on recorded capital assets is expensed on the straight-line method over the following estimated useful lives:

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

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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
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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. • 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.

GASB Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions, establishes criteria for classifying fund balances into specifically defined classifications and clarifies definitions for governmental funds. GASB Statement No. 54 requires that the fund balances be classified into categories based upon the type of restrictions imposed on the use of funds. The City evaluated each of its funds at June 30, 2025 and classified fund balances into the following five categories:

Nonspendable – includes fund balance amounts that cannot be spent because they are either (a) not expected to be converted to cash or (b) legally or contractually required to be maintained intact.

Restricted – includes fund balance amounts that are subject to externally enforceable legal restrictions or constrained for a specific purpose by external parties, constitutional provisions or enabling legislation.

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Notes to the Financial Statements
For the Year Ended June 30, 2025
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Committed – includes fund balance amounts that can only be used for specific purposes pursuant to constraints imposed by the formal action of the City Council.

Assigned – includes fund balance amounts that are intended to be used for specific purposes that are neither considered restricted or committed. The City Council assigns fund balance.

Unassigned – includes negative fund balances in other governmental funds and positive fund balance within the General Fund which has not been classified within the above mentioned categories.

The City reduces restricted amounts first when expenditures are incurred for purposes for which both restricted and unrestricted (committed, assigned or unassigned) amounts are available. The City reduces committed amounts first, followed by assigned amounts, and then unassigned amounts when expenditures are incurred for purposes for which any of those unrestricted fund balance classifications could be used. Additional information concerning the nature of the City’s fund balances pursuant to GASB Statement No. 54 is provided in Note 12 – Fund Balance.

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.

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.

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Notes to the Financial Statements
For the Year Ended June 30, 2025
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• 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 governmentwide 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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
504
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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, 2023
Measurement Date June 30, 2024
Measurement Period July 1, 2023 to June 30, 2024
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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
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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) pronouncement was effective for and implemented for the fiscal year ended June 30, 2025:

GASB Statement No. 101, Compensated Absences
The requirements of this Statement will improve financial reporting by implementing a unified recognition and measurement model that will result in a liability for compensated absences that more appropriately reflects when a government incurs an obligation. Establishing the unified model will result in consistent application to any type of compensated absence and will eliminate potential comparability issues between governments that offer different types of leave. This Statement will also result in a more robust estimate of the amount of compensated absences that a government will pay or settle, which will enhance the relevance and reliability of information about the liability for compensated absences.

Management has assessed the impact of this Statement on the City’s financial statements and determined that it did not have a material impact.

GASB Statement No. 102, Certain Risk Disclosures
The requirements of this Statement will improve financial reporting by providing users of financial statements with essential information that currently is not often provided. The disclosures will provide users with timely information regarding certain concentrations or constraints and related events that have occurred or have begun to occur that make a government vulnerable to a substantial impact. As a result, users will have better information with which to understand and anticipate certain risks to a government’s financial condition.

Management has assessed the impact of this Statement on the City's financial statements and determined that it did not have a material impact.

J. New GASB Pronouncements Effective in Future Fiscal Years GASB Statement No. 103, Financial Reporting Model Improvements The requirements of this Statement will improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
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The Statement requires that the information presented in MD&A be limited to the related topics discussed in five sections: (1) Overview of the Financial Statements, (2) Financial Summary, (3) Detailed Analyses, (4) Significant Capital Asset and Long-Term Financing Activity, and (5) Currently Known Facts, Decisions, or Conditions.

This Statement describes unusual or infrequent items as transactions and other events that are either unusual in nature or infrequent in occurrence. Furthermore, governments are required to display the inflows and outflows related to each unusual or infrequent item separately as the last presented flow(s) of resources prior to the net change in resource flows in the government-wide, governmental fund, and proprietary fund statements of resource flows.

This Statement also requires that the proprietary fund statement of revenues, expenses, and changes in fund net position continue to distinguish between operating and nonoperating revenues and expenses. Operating revenues and expenses are defined as revenues and expenses other than nonoperating revenues and expenses.

Nonoperating revenues and expenses are defined as (1) subsidies received and provided, (2) contributions to permanent and term endowments, (3) revenues and expenses related to financing, (4) resources from the disposal of capital assets and inventory, and (5) investment income and expenses. In addition to the subtotals currently required in a proprietary fund statement of revenues, expenses, and changes in fund net position, this Statement requires that a subtotal for operating income (loss) and noncapital subsidies be presented before reporting other nonoperating revenues and expenses.

This Statement requires governments to present each major component unit separately in the reporting entity’s statement of net position and statement of activities if it does not reduce the readability of the statements. If the readability of those statements would be reduced, combining statements of major component units should be presented after the fund financial statements.

This Statement requires governments to present budgetary comparison information using a single method of communication—RSI. Governments also are required to present (1) variances between original and final budget amounts and (2) variances between final budget and actual amounts. An explanation of significant variances is required to be presented in notes to RSI.

The requirements of this Statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
504
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GASB Statement No. 104, Disclosure of Certain Capital Assets The requirements of this statement will provide users of government financial statements with essential information about certain types of capital assets. This Statement requires certain types of capital assets to be disclosed separately in the capital assets note disclosures required by Statement 34. Lease assets recognized in accordance with Statement No. 87, Leases, and intangible right-to-use assets recognized in accordance with Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements, should be disclosed separately by major class of underlying asset in the capital assets note disclosures. Subscription assets recognized in accordance with Statement No. 96, Subscription-Based Information Technology Arrangements, also should be separately disclosed. In addition, this Statement requires intangible assets other than those three types to be disclosed separately by major class.

This Statement also requires additional disclosures for capital assets held for sale. A capital asset is a capital asset held for sale if (a) the government has decided to pursue the sale of the capital asset and (b) it is probable that the sale will be finalized within one year of the financial statement date. This Statement requires that capital assets held for sale be evaluated each reporting period. Governments should disclose (1) the ending balance of capital assets held for sale, with separate disclosure for historical cost and accumulated depreciation by major class of asset, and (2) the carrying amount of debt for which the capital assets held for sale are pledged as collateral for each major class of asset.

The requirements of this Statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
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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, 2025. 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, 2025:

Fund Name Fund Type Deficit Cause
Capital Projects Fire Facility Impact Fees Fund (2,134,481) (a) Capital Projects Corporate Yard Impact Fee Fund (3,287,862) (a) (a) Deficit due to advances from other city funds (see Note 4 for additional details), and is expected to be eliminated through future impact fee revenues.

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, 2025 are classified in the accompanying financial statements as follows:

Statement of Net Position
Cash and investments $ 310,978,190
Restricted:

Cash with fiscal agent 1,803,974
Statement of Fiduciary Net Position
Cash and cash equivalents 77,495,941
Investments 13,820,632
Total cash and investments 404,098,737
Cash and investments as of June 30, 2025 consisted of the following:

Cash on hand $ 8,915
Deposits with financial institutions 69,323,167
Investments 334,766,655
Total cash and investments $ 404,098,737

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 2 - STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
ATTACHMENT 1
1187
Cash and investments are categorized as follows under GASB Statement No. 40:

Cash on hand $ 8,915
Deposits with financial institutions 69,323,167
Total cash and deposits 69,332,082
Local Agency Investment Funds (LAIF) 79,405,399
U.S. Treasury Obligations 87,494,972
U.S. Agency Securities 59,261,157
Certificates of Deposit 1,703,650
Investment Agreements 1,197,416
State and Municipal Bonds 2,408,433
Medium Term Notes 61,966,254
Money Market Mutual Funds 24,747,187
Supranational 10,667,637
Joint Powers Agreement (JPA) Pools CAMP 5,914,550
Total investments 334,766,655
Total cash and investments $ 404,098,737
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.

During the year ended June 30, 2025, the City’s permissible investments included the following instruments:

Authorized by Minimum Maximum Maximum
Investment Maximum Credit Percentage Investment
Authorized Investment Type Policy Maturity * Quality of Portfolio * in One Issuer * California Local Agency Investment Fund (LAIF) Yes N/A N/A None None U.S. Treasury Obligations Yes 5 years N/A None None
U.S. Agency Securities Yes 5 years N/A 20% 30%
Banker's Acceptances Yes 180 days A1 40% 5%
Non-Negotiable Certificates of Deposit Yes 5 years N/A 20% None Negotiable Certificate of Deposit Yes 5 years N/A 30% 5% Commercial Paper Yes 270 days A1+ 25% 5%
Repurchase Agreements Yes 1 year N/A None None
Municipal Bonds Yes 5 years A 30% 5%
Corporate Bonds Yes 5 years A 30% 5%
Money Market Mutual Funds Yes N/A AAA 20% 10%
Supranational Yes 5 years AA 30% 10%
JPA Pools, including CAMP Yes N/A N/A None None

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 3 - CASH AND INVESTMENTS (CONTINUED)
76 ATTACHMENT 1
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*Based on state law requirements or City investment policy requirements, whichever is more restrictive.

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.

Minimum
Maximum Credit
Authorized Investment Type Maturity Quality
California Local Agency Investment Fund (LAIF) N/A N/A
U.S. Treasury Obligations 5 years N/A
U.S. Agency Securities 5 years N/A
Banker's Acceptances 180 days A1
Collateralized Certificates of Deposit 5 years N/A
Negotiable Certificate of Deposit 5 years A1
Commercial Paper 180 to 270 days 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 5 years A
Mortgage Pass-through Securities 5 years AA
Money Market Mutual Funds 1 year AAA
Supranational 5 years AA
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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 3 - CASH AND INVESTMENTS (CONTINUED)
77 ATTACHMENT 1
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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:

Remaining Maturity (in Months)
12 Months 13 to 36 37 to 60 Over 60
Investment Type Total or Less Months Months Months
LAIF $ 79,405,399 $ 79,405,399 $ - $ - $ -
U.S. Treasury Obligations 87,494,972 2,746,886 44,235,461 40,512,625 - U.S. Agency Securities 59,261,157 9,919,476 34,949,309 14,392,372 - Certificates of Deposit 1,703,650 1,703,650 - - -
State and Municipal Bonds 2,408,433 - - 2,408,433 -
Medium Term Notes 61,966,254 4,805,371 24,232,635 32,928,248 - Money Market Mutual Funds 10,921,943 10,921,943 - - -
Supranational 10,667,637 4,322,739 2,380,191 3,964,707 - JPA Pools CAMP 5,914,550 5,914,550 - - -
Held by bond trustee:

Investment Agreements 1,197,416 - - - 1,197,416
Money Market Mutual Funds 13,825,244 13,825,244 - - -
Total $ 334,766,655 $ 133,565,258 $ 105,797,596 $ 94,206,385 $ 1,197,416 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.

Moody's Rating as of Fiscal Year End
Minimum Exempt or
Investment Type Total Legal Rating AAA AA A1 Not Rated
LAIF $79,405,399 N/A $- $- $- $79,405,399
U.S. Treasury Obligations 87,494,972 N/A - 87,494,972 - - U.S. Agency Securities 59,261,157 A1 27,520,943 31,740,214 - - Certificates of Deposit 1,703,650 A1 - - - 1,703,650
State and Municipal Bonds 2,408,433 AAA - 2,408,433 - - Medium Term Notes 61,966,254 AA - 25,508,876 36,457,378 - Money Market Mutual Funds 10,921,943 N/A 10,921,943 - - - Supranational 10,667,637 N/A 10,667,637 - - -
JPA Pools CAMP 5,914,550 N/A - - - 5,914,550
Held by bond trustee:

Investment agreements 1,197,416 N/A - - - 1,197,416
Money market mutual funds 13,825,244 N/A - - - 13,825,244 Total $ 334,766,655 $ 49,110,523 $ 147,152,495 $ 36,457,378 $ 102,046,259

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 3 - CASH AND INVESTMENTS (CONTINUED)
78 ATTACHMENT 1
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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, 2025, 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.

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 prorata 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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 3 - CASH AND INVESTMENTS (CONTINUED)
79 ATTACHMENT 1
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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, 2025, these investments have an average maturity of 43 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, 2025, all of the City’s investments are valued as follows:

Input Category
Investment Type Total Level 2 Level 3 Uncategorized
U.S. Treasury Obligations $ 87,494,972 $ 87,494,972 $ - $ - U.S. Agency Securities 59,261,157 59,261,157 - -
Certificates of Deposit (Negotiable) 1,703,650 1,703,650 - - State and Municipal Bonds 2,408,433 2,408,433 - -
Medium Term Corporate Notes 61,966,254 61,966,254 - -
Money Markey Mutual Funds 24,747,187 - - 24,747,187
Investment Agreements 1,197,416 - 1,197,416 -
Supranational 10,667,637 10,667,637 - -
California Asset Management Program (CAMP) 5,914,550 - - 5,914,550 Local Agency Investment Fund (LAIF) 79,405,399 - - 79,405,399 Total $ 334,766,655 $ 223,502,103 $ 1,197,416 $ 110,067,136 NOTE 4 - INTERFUND TRANSACTIONS
A. Due to/Due From Other Funds
There is $2,312,038 of due to/due from other funds noted for the year ended June 30, 2025.

B. Long – Term Interfund Advances
At June 30, 2025, 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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 3 - CASH AND INVESTMENTS (CONTINUED)
80 ATTACHMENT 1
1192
Advances to Other Funds Advances from Other Funds Amount General Fund Non-Major Governmental Funds $ 2,086,101
General Fund General Fund 1,652,127
Non-Major Governmental Funds Non-Major Governmental Funds 6,445,873 Non-Major Governmental Funds General Fund 4,993,706
Port Enterprise Fund Non-Major Governmental Funds 2,183,036 Total $ 17,360,843
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 advance is $2,086,101. The General Long-Term Debt Fund advanced the Measure G Fund for the purchase of 826 W Capital Avenue which will be repaid at the sale of the property. The remaining balance on this advance is $1,502,501. The Measure V Fund may advance the Measure O Fund for capital project expenses up to $15 million which will be repaid over 10 years at the LAIF rate beginning in FY 26/27. The current balance on this advance is $149,626.

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 Fund to finance the Phase 1 Relocation which has a remaining loan balance of $1,031,044. The General Facilities Fund advanced the Fire Impact Fees fund for construction and improvements of Fire Station 45 with a remaining loan balance of $51,337. 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. The Police Impact Fee Fund advanced the Measure N Fund for the purchase of a potential new Police Department location. This advance will be repaid if a new Police Department is not built on this site. The remaining balance of the loan is $1,887,045.

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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 4 - INTERFUND TRANSACTIONS (CONTINUED)
81 ATTACHMENT 1
1193
C. Interfund Transfers
Fund Receiving Transfer Fund Making Transfer Amount
General Fund Capital City Projects Fund $ 1,824,654
General Fund Non-Major Governmental Funds 3,314,615
General Fund Sewer Fund 1,006,948
General Fund Water Fund 1,646,109
General Fund Refuse Fund 805,733
General Fund Port Fund 200,372
Capital City Projects Fund General Fund 20,242,769
Capital City Projects Fund HCD - Block Grant 999,154
Capital City Projects Fund Sewer Fund 755,000
Capital City Projects Fund Water Fund 1,000,000
Capital City Projects Fund Non-Major Governmental Funds 22,917,751 Non-Major Governmental Funds Capital City Projects Fund 490,483 Non-Major Governmental Funds General Fund 8,528,390
Non-Major Governmental Funds Sewer Fund 201,241
Non-Major Governmental Funds Water Fund 599,713
Non-Major Governmental Funds Refuse Fund 533,316
Non-Major Governmental Funds Port Fund 1,699
Non-Major Governmental Funds Non-Major Governmental Funds 3,521,921 HCD - Block Grant Non-Major Governmental Funds 177,389
Sewer Fund Capital City Projects Fund 26,997
Water Fund General Fund 10,112
Water Fund Capital City Projects Fund 41,041
Total $ 68,845,407
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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 4 - INTERFUND TRANSACTIONS (CONTINUED)
82 ATTACHMENT 1
1194
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.

The interest receivable is recognized for government-wide purposes unless management determines the amount to be uncollectible. An allowance for uncollectible notes receivable of $13,802,937 has been recorded in the respective funds at June 30, 2025 and includes $3,799,947 for inclusionary housing receivables. Governmental fund interest receivable on loans of $10,985,338 is not expected to be collected within the availability period and is offset with deferred inflows of resources. The interest receivable of $10,977,859 is recognized, net of allowance for uncollectible amounts at June 30, 2025.

Balance Balance
June 30, 2024 Additions Deletions June 30, 2025
Governmental activities
General Fund $ 121,417 $ - $ - $ 121,417
HCD Block Grant Fund 28,797,503 - 55,699 28,741,804
Low Mod Income Housing Asset Fund 32,454,419 - 70,410 32,384,009 Total governmental activities $ 61,373,339 $ - $ 126,109 $ 61,247,230 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, 2025 is as follows:

Balance Balance
June 30, 2024 Additions Deletions June 30, 2025
Business-type activities
Sewer Fund $ 240,696 $ - $ 15,669 $ 225,027
Water Fund 2,753 - 2,137 616
Total business-type activities $ 243,449 $ - $ 17,806 $ 225,643 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 two to 40 years. As of June 30, 2025, the value of the lease receivable is $7,540,847. The value of the deferred inflow of resources as of June 30, 2025 was $6,837,092, and the amortization of the deferred inflow during the year totaled $6,305,778.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 5 - RECEIVABLES
83 ATTACHMENT 1
1195
Governmental Activities
Lease Lease Lease
Lease Type Term Range Receivable Revenue Interest
Land - Parking Lot 2 - 40 years $ 6,259,366 $ 372,624 $ 187,487 Buildings 2 - 24 years 1,281,481 37,134 42,288
Total - governmental activities $ 7,540,847 $ 409,758 $ 229,775

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 two to 32 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.

Business-type Activities
Lease Lease Lease
Lease Type Term Range Receivable Revenue Interest
Land - Industrial 2 - 32 years $ 29,744,605 $ - $ 1,495,744 Buildings 25 years 513,956 - 36,726
Maritime Facilities 2 - 16 years 8,172 - 278,349
Total - business-type activities $ 30,266,733 $ - $ 1,810,819 Future receivable principal and interest payments expected to be received through maturity are as follows:

Governmental Activities Business-type Activities Total
June 30 Principal Interest Principal Interest Principal Interest 2026 $ 243,183 $ 365,236 $ 559,922 $ 1,254,818 $ 803,105 $ 1,620,054 2027 464,167 223,554 580,384 1,229,153 1,044,551 1,452,707 2028 481,731 209,565 626,406 1,201,512 1,108,137 1,411,077 2029 499,917 195,046 711,655 1,171,085 1,211,572 1,366,131 2030 501,355 179,997 802,933 1,136,872 1,304,288 1,316,869 2031-2035 2,307,662 692,472 3,050,446 5,140,206 5,358,108 5,832,678 2036-2040 2,205,504 316,984 1,673,433 4,730,437 3,878,937 5,047,421 2041-2045 148,860 157,136 3,796,929 4,203,562 3,945,789 4,360,698 2046-2050 171,402 124,023 6,891,900 3,132,856 7,063,302 3,256,879 2051-2055 243,994 82,179 11,352,978 1,315,034 11,596,972 1,397,213 2056-2061 273,072 24,607 219,747 811 492,819 25,418
Totals $ 7,540,847 $ 2,570,799 $ 30,266,733 $ 24,516,346 $ 37,807,580 $ 27,087,145

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 5 - RECEIVABLES (CONTINUED)
84 ATTACHMENT 1
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A. Governmental Activities
Governmental activities’ capital assets for the year ended June 30, 2025, was as follows:

Governmental activities:

Capital assets, not being
depreciated/amortized
Land $ 34,607,290 $ - $ 900,501 $ - $ 35,507,791
Subscription-in-progress - 137,192 - (137,192) -
Construction-in-progress 55,514,335 - 24,189,409 (705,000) 78,998,744 Total capital assets, not being
depreciated/amortized 90,121,625 137,192 25,089,910 (842,192) 114,506,535 Capital assets, being
depreciated/amortized
Buildings 61,581,434 - 9,406,445 (705,000) 70,282,879
Improvements 54,864,157 - - - 54,864,157
Equipment 23,056,388 - 2,777,686 (416,875) 25,417,199
Lease assets 3,261,210 - 2,292,485 (716,467) 4,837,228
Subscription assets 475,762 - 636,950 (12,582) 1,100,130 Infrastructure 532,844,449 - 745,738 - 533,590,187
Total capital assets, being
depreciated/amortized 676,083,400 - 15,859,304 (1,850,924) 690,091,780 Less accumulated
depreciation/amortization
Buildings (23,031,659) - (1,397,442) - (24,429,101)
Improvements (24,635,887) - (1,909,338) - (26,545,225)
Equipment (13,375,886) - (2,987,459) 408,990 (15,954,355) Lease assets (1,374,424) - (663,531) 707,052 (1,330,903) Subscription assets (187,725) - (445,364) 92,118 (540,971) Infrastructure (300,373,242) - (12,570,628) - (312,943,870) Total accumulated
depreciation/amortization (362,978,823) - (19,973,762) 1,208,160 (381,744,425) Total capital assets, being
depreciated/amortized, net 313,104,577 - (4,114,458) (642,764) 308,347,355 Total governmental activities
capital assets $ 403,226,202 $ 137,192 $ 20,975,452 $ (1,484,956) $ 422,853,890 Balance Balance
June 30, 2024 Adjustments Additions Deletions June 30, 2025

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 6 - CAPITAL ASSETS
85 ATTACHMENT 1
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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 were as follows:

General government $ 4,877,193
Public works 10,567,918
Public safety 3,079,155
Community development 265,052
Economic development and housing 7,390
Culture and recreation 1,177,054
Total depreciation/amortization expense $ 19,973,762
B. Business-type Activities
Balance Balance
June 30, 2024 Adjustments Additions Deletions Transfers June 30, 2025 Business-type activities:

Capital assets, not being
depreciated/amortized
Land $ 11,206,375 $ - $ - $ (29,609) $ - $ 11,176,766
Construction-in-progress 21,739,908 - 3,382,498 - - 25,122,406 Total capital assets, not being
depreciated/amortized 32,946,283 - 3,382,498 (29,609) - 36,299,172 Capital assets, being
depreciated/amortized
Buildings 32,754,272 - - - - 32,754,272
Improvements 53,537,988 - 1,120,757 (4,996,637) - 49,662,108 Equipment 8,145,220 - 1,050,704 (623,094) - 8,572,830
Lease assets 49,599 - 117,249 (49,599) - 117,249
Subscription assets 273,176 - 1,830 (36,487) - 238,519
Infrastructure 189,639,951 - 562,098 - - 190,202,049
Total capital assets, being
depreciated/amortized 284,400,206 - 2,852,638 (5,705,817) - 281,547,027 Less accumulated
depreciation/amortization
Buildings (28,763,193) - (299,214) - - (29,062,407)
Improvements (41,791,419) - (994,985) - 4,304,332 (38,482,072) Equipment (5,923,224) - (427,190) - - (6,350,414)
Lease assets (51,016) - (18,953) 51,015 - (18,954)
Subscription assets (100,958) - (43,588) 15,638 - (128,908) Infrastructure (96,826,036) - (4,029,832) - - (100,855,868) Total accumulated
depreciation/amortization (173,455,846) - (5,813,762) 66,653 4,304,332 (174,898,623) Total capital assets, being
depreciated/amortized, net 110,944,360 - (2,961,124) (5,639,164) 4,304,332 106,648,404 Total business-type activities
capital assets $ 143,890,643 $ - $ 421,374 $ (5,668,773) $ 4,304,332 $ 142,947,576

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 6 - CAPITAL ASSETS (CONTINUED)
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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:

Sewer Fund $ 1,658,030
Water Fund 3,223,062
Refuse Fund 50,627
Port Operations 882,043
Total depreciation/amortization expense $ 5,813,762
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, multipleemployer plan, also administered by CalPERS. As of and for the year ended June 30, 2025, the two plans had the following balances reported in the government-wide financial statements:

Net Pension Deferred Outflows Deferred Inflows Pension
Liability of Resources of Resources Expense
Miscellaneous Plan $ 50,840,305 $ 11,685,446 $ - $ 9,694,641 Safety Plan 62,507,504 19,852,239 (1,132,614) 12,844,503 Total pension plans $ 113,347,809 $ 31,537,685 $ (1,132,614) $ 22,539,144 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, 2023 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 $7,005,603.

3. Actuarial Methods and Assumptions Used to Determine Total Pension Liability The June 30, 2023 valuation was rolled forward to determine the June 30, 2024 measurement date total pension liability, based on the following actuarial methods and assumptions:

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 6 - CAPITAL ASSETS (CONTINUED)
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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 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:

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 % 0.5 %
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) %
1An expected inflation of 2.30% used for this period.
2Figures are based on the 2021-2022 Asset Liability Management study.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 7 - PENSION PLANS (CONTINUED)
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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.

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, 2024, 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, 2024 is 3.2 years, which was obtained by dividing the total service years of 3,668 (the sum of remaining service lifetimes of the active employees) by 1,147 (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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 7 - PENSION PLANS (CONTINUED)
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8. Changes in the Net Pension Liability
The following table shows the changes in net pension liability recognized over the measurement period:

Total Pension Plan Fiduciary Net Pension
Liability Net Position Liability/(Asset)
(a) (b) (c) = (a) - (b)
Balance at June 30, 2023 $ 175,479,346 $ 123,823,194 $ 51,656,152 Changes recognized for the
measurement period:

Service cost 4,127,696 - 4,127,696
Interest on total pension liability 12,166,097 - 12,166,097 Changes of benefit terms - - -
Differences between expected and
actual experience 2,956,257 - 2,956,257
Contributions-employer - 6,239,128 (6,239,128)
Contributions-employee - 1,949,685 (1,949,685)
Net investment income - 11,977,841 (11,977,841)
Benefit payments, including refunds of - -
employee contributions (8,358,434) (8,358,434)
Administrative expense - (100,757) 100,757
Net changes during 2023-24 10,891,616 11,707,463 (815,847) Balance at June 30, 2024 $ 186,370,962 $ 135,530,657 $ 50,840,305

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:

Discount Rate Current Discount Rate
-1 Percent Discount Rate +1 Percent
(5.90%) (6.90%) (7.90%)
Plan's net pension liability $ 76,583,687 $ 50,840,305 $ 29,719,816

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 7 - PENSION PLANS (CONTINUED)
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10. Pension Expense and Deferred Outflows and Deferred Inflows of Resources For the fiscal year ended June 30, 2025, the City recognized $9,694,641 in pension expense.

The following table presents deferred outflows and deferred inflows of resources related to pensions as of the June 30, 2025:

Deferred Outflows Deferred Inflows
of Resources of Resources
Contributions subsequent to the
measurement date $ 7,006,654 $ -
Changes of assumptions 189,550 -
Differences between expected and
actual experience 2,702,984 -
Net difference between projected
and actual earnings on pension
plan investments 1,786,258 -
Total $ 11,685,446 $ -
Contributions made after the measurement date of the net pension liability, but before the end of the City's reporting period, will be recognized as a reduction of the net pension liability in the subsequent fiscal period.

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

Deferred
Fiscal year Outflows/(Inflows)
ended June 30, of Resources
2026 $ 1,603,108
2027 4,122,917
2028 (358,112)
2029 (689,121)
Total $ 4,678,792
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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 7 - PENSION PLANS (CONTINUED)
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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, 2023 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/ acfr-2024.pdf.

3. Actuarial Methods and Assumptions Used to Determine Total Pension Liability The collective total pension liability for the June 30, 2024 measurement period was determined by an actuarial valuation as of June 30, 2023, with update procedures used to roll forward the total pension liability to June 30, 2024. The collective total pension liability was based on the following assumptions:

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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 7 - PENSION PLANS (CONTINUED)
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The expected real rates of return by asset class are as followed:

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 2021-2022 Asset Liability Management study

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
Noted no changes in assumptions.

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

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

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 7 - PENSION PLANS (CONTINUED)
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The EARSL for the plan for the measurement period ending June 30, 2024 is 3.8 years, which was obtained by dividing the total service years of 630,177 (the sum of remaining service lifetimes of the active employees) by 166,163 (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 $62,507,504, as of June 30, 2024 (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, 2023 and June 30, 2024 (measurement period), are as follows:

Proportion - June 30, 2023 0.84759 %
Proportion - June 30, 2024 0.85734 %
Change 0.00975 %

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-percentagepoint lower (5.90%) or 1-percentage-point higher (7.90%) than the current rate:

Discount Rate Current Discount Rate
-1 Percent Discount Rate +1 Percent
(5.90%) (6.90%) (7.90%)
Proportionate share of net pension liability $ 93,255,960 $ 62,507,504 $ 37,359,590

10. Pension Expense and Deferred Outflows and Deferred Inflows of Resources For the fiscal year ended June 30, 2025, the City recognized $12,844,503 in pension expense.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 7 - PENSION PLANS (CONTINUED)
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The following table presents deferred outflows and deferred inflows of resources related to pensions as of June 30, 2025:

Deferred Outflows Deferred Inflows
of Resources of Resources
Contributions subsequent to the
measurement date $ 8,243,894 $ -
Changes of assumptions 1,540,056 -
Differences between expected and
actual experience 5,101,168 (165,861)
Net difference between projected
and actual earnings on pension
plan investments 3,021,328 -
Adjustment due to differences
in proportions 627,655 (304,591)
Difference in actual to proportionate
share contribution 1,318,138 (662,162)
Total $ 19,852,239 $ (1,132,614)
Contributions made after the measurement date of the net pension liability, but before the end of the City's reporting period, will be recognized as a reduction of the net pension liability in the subsequent fiscal period.

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

Deferred
Fiscal year
Outflows/
(Inflows)
ended June 30, of Resources
2026 $ 4,067,103
2027 7,347,950
2028 94,440
2029 (1,033,762)
2030 -
Thereafter -
Total $ 10,475,731

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 7 - PENSION PLANS (CONTINUED)
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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 at 400 P Street, Sacramento, California 95814.

In addition, RD 900, a blended component unit of the City, provides post-employment health care benefits to eligible employees. As of June 30, 2025, the net OPEB liability is $55,561, deferred outflows and deferred inflows of resources related to OPEB are $47,389 and $59,665, 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, 2025, membership consisted of:

Inactive members currently receiving benefits 234
Active members 441
Total 675
C. Eligibility
Service - age 50, 5 years of service and retire directly from City under CalPERS or disability retirement.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 8 - OTHER POST EMPLOYMENT BENEFIT (OPEB) OBLIGATIONS 96 ATTACHMENT 1
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D. Benefits Provided
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 6.26% was determined using the asset allocation and assumed rates of return associated with CalPERS’ California Employers’ Retirement Benefit Trust Strategy 1. The long-term expected rate of return is determined using the long-term rates of return developed by the CalPERS Investment Office for financial reporting after September 30, 2022.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 8 - OTHER POST EMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) 97 ATTACHMENT 1
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Asset Class
1-20 Year Projected
Compound Return
Global Equity 6.80 %
Fixed Income 3.70 %
Treasury Inflation Protected Securities (TIPS) 2.80 %
Real Estate Investment Trusts (REITS) 6.00 %
Commodities 2.80 %
Contributions
Contributions to the OPEB Plan from the City were $2,211,539 for the year ended June 30, 2025. 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, 2024, and the net OPEB liability was determined by an actuarial valuation as June 30, 2024.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 8 - OTHER POST EMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) 98 ATTACHMENT 1
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Actuarial Assumptions
The total OPEB liability in the June 30, 2025 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified:

Valuation Date 06/30/24
Measurement Date 06/30/24
Report Date 06/30/25
Actuarial Method Entry Age Normal Level Percentage of Salary Discount Rate 6.40%
Healthcare Trend Rate 6.80%
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 Blended premiums were developed based on the City’s enrollment by plan. These premiums were used in implicit subsidy active explicit subsidy calculations.

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

Salary Increases 2.80% The salary increase is used to determine the growth in the aggregate payroll. Individual Salary Increased: 2021 CalPERS Merit Salary Increases.

Inflation Rate 2.3%. Same as CalPERS.

Marital Status
Current Retirees: Spouse coverage provided by City. Future Retirees:

Miscellaneous- 50%, Safety- 65%
Spouse Gender Assumes spouse of opposite gender for current and future retirees.

Spouse Age Difference Actual spouse age is used for current retirees. Assumes males are three years older than females for future retirees.

Participation Current Retirees: Assume current elections continue until decrement.

Future Retiree election assumptions summarized below:

Condition
Elect CalPERS Medical 60 %
Elect non-CalPERS Medical 15 %

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 8 - OTHER POST EMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) 99 ATTACHMENT 1
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Employer Contributions for Inactives
Trend Rates Medical long-term trends from Society of Actuaries "Long Term Healthcare Cost Trends Model v2024_1b" using baseline assumptions. Applied to both claims and premiums.

PEMHCA Administration Fee $157 for 2024 Calendar Year, $158 for 2025 Calendar Year PEMHCA Information Retirees can enroll themselves and their dependents in the City's medical plans.

If the member is enrolled in a CalPERS plan, then the City pays the PEMHCA minimum (unequal method (60% in 2024 & 65% in 2025)) for all bargaining groups (except FFA, Safety Management, and City Manager prior to July 1, 2019); plus the CalPERS administrative fee. In addition, the City reimburses member premiums
based on the requirements described below. If a retiree procures medical insurance elsewhere, the City provides the same reimbursement, subject to the same parameters.

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

Benefit Cap Trend Rate Assumed to increase at medical trend rates for pre and post retirement.

E. Changes in the Net OPEB Liability
Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability/(Asset)
(a) (b) (c) = (a) - (b)
Balance at June 30, 2024 $ 33,294,517 $ 29,041,899 $ 4,252,618 Changes recognized for the
measurement period:

Service cost 865,173 - 865,173
Interest on total OPEB liability 2,074,299 37,158 2,037,141 Changes of assumptions (1,397,758) - (1,397,758)
Differences between expected and
actual experience 6,694,815 - 6,694,815
Contributions-employer - 1,629,892 (1,629,892)
Contributions-employee - 3,263,702 (3,263,702)
Benefit payments, including refunds of
employee contributions (1,629,892) (1,629,892) -
Administrative expense - (24,390) 24,390
Other miscellaneous (income)/expense (346,005) - (346,005) Net changes during 2023-24 6,260,632 3,276,470 2,984,162 Balance at June 30, 2025 $ 39,555,149 $ 32,318,369 $ 7,236,780 There were no changes between the measurement date and the year ended June 30, 2025 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, 2025 81.7% Discount Rate
All future benefit payments were discounted using a discount rate of 6.40%. 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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 8 - OTHER POST EMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) 100
ATTACHMENT 1
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F. 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:

Discount Rate Current Discount Rate
-1 Percent Discount Rate +1 Percent
(5.40%) (6.40%) (7.40%)
Plan's net OPEB liability $ 11,772,880 $ 7,236,780 $ 3,408,648 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:

Current
1 Percent Heathcare 1 Percent
Decrease Trend Rate Increase
Plan's net OPEB liability $ 4,241,853 $ 7,236,780 $ 10,512,721 G. OPEB Expense, Deferred Outflows of Resources, and Deferred Inflows of Resources Related to OPEB For the year ended June 30, 2025, the City recognized OPEB expense of $1,198,942. At June 30, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Contributions subsequent to the
measurement date $ 2,211,539 $ -
Changes of assumptions 2,163,199 (3,295,779)
Differences between expected and
actual experience 6,301,810 (2,844,462)
Net difference between projected
and actual earnings on OPEB
plan investments 159,327 (845)
Total $ 10,835,875 $ (6,141,086)

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 8 - OTHER POST EMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) 101
ATTACHMENT 1
1213
$2,211,539 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, 2025. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows:

Deferred
Outflows/(Inflows)
Fiscal year ended June 30, of Resources
2026 $ (2,908,788)
2027 2,628,246
2028 (2,702,072)
2029 2,391,999
2030 4,370,565
Thereafter 10,985,472
Total $ 14,765,422
H. 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 contributions were made to the PARS trust for fiscal year June 30, 2025.

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, 2025. 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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 8 - OTHER POST EMPLOYMENT BENEFIT (OPEB) OBLIGATIONS (CONTINUED) 102
ATTACHMENT 1
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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, 2025.

Remaining
Project Spent-to-Date Commitment
Water Projects $ 19,434,476 $ 19,808,732
City Park Improvements 26,228,287 38,342,098
Sewer Projects 3,960,356 4,060,759
City Facilities Projects 40,343,217 17,475,954
Drainage and Flood Control Projects 616,918 473,554
Transportation Projects 67,637,900 66,759,707
Community Investment Projects 20,000,772 6,032,381
Total Commitments 178,221,926 152,953,185
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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 9 - COMMITMENTS AND CONTINGENT LIABILITIES (CONTINUED) 103
ATTACHMENT 1
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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. Equilon 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. A Second Amendment, executed on November 3, 2025, between Equilon and the Sacramento-Yolo Port District, extended the closing feasibility period to May 31, 2026.

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 Public Risk Innovation, Solutions, and Management (PRISM) for claims in excess of YCPARMIA limits indicated below for each insured event.

PRISM 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, 2025. 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.

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 $ 25,000,000 PRISM JPA Workers' Compensation 1,000 1,000,000 Statutory PRISM JPA Property (All Risk) 1,000 50,000 600,000,000 PRISM JPA
Property - Vehicles up to $250k 15,000 -
Property- Vehicles up to $250K 50,000 100,000
Fidelity 1000 2,500 25,000,000 PRISM JPA
Pollution Legal Liability 250,000 - 10,000,000 PRISM JPA Cyber Liability 250,000 - 2,000,000 PRISM JPA
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 Yolo County Public Agency Risk Management Insurance Authority, 77 West Lincoln Avenue, Woodland, CA 95695.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 9 - COMMITMENTS AND CONTINGENT LIABILITIES (CONTINUED) 104
ATTACHMENT 1
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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, 2025:

Spec Tax - CFD No. 12 - Raley's Field $ 1,724,514
Spec Tax - CFD No. 14 - Newport 2004 4,560,000
Spec Tax - CFD No. 20 - Rfnd Bridgeway Lk2 5,325,000
2016 Special Tax Refunding Bond - CFD 27 11,820,000
Spec Tax Rev Bond - 2006 - Series A 19,025,000
Spec Tax Rev Bond - 2006 - Series B 1,705,000
2012 Special Tax Refunding Bond 3,240,000
2014 Special Tax Refunding Bond 14,595,000
2016 Special Tax Refunding Bond Senior Series 6,150,000 2016 Special Tax Refunding Bond Subordinate Series 2,300,000 River City Regional Stadium 14,335,000
2017 Special Tax Bonds - CFD 27 13,305,000
2019 Special Tax Bonds - CFD 29 3,325,000
2015 WSAFCA JPA Bond 23,510,000
2020 WSAFCA JPA Bond 9,390,000
$ 134,309,514
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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 11 - CUSTODIAL BONDS PAYABLE AND OTHER CONDUIT DEBT 105
ATTACHMENT 1
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The following is a summary of changes in long-term liabilities for the year ended June 30, 2025:

Amount
Balance Balance Due Within
June 30, 2024, Additions Deletions June 30, 2025 One Year Governmental activities
Financed purchases $ 4,435,236 $ 6,592,527 $ 794,583 $ 10,233,180 $ 1,270,164 Loans - 2,500,000 - 2,500,000 833,333
Leases 1,900,227 2,538,923 1,377,411 3,061,739 575,833
SBITAs 299,890 427,565 244,812 482,643 170,838
Compensated absences 6,785,109 2,316,173 * - 9,101,282 3,492,814 Total governmental activities $ 13,420,462 $ 14,375,188 $ 2,416,806 $ 25,378,844 $ 6,342,982 Business-type activities
Bonds payable
Bonds payable $ 59,430,000 $ - $ 3,860,000 $ 55,570,000 $ 3,790,000 Premium 532,735 - 23,162 509,573 -
Total bonds payable 59,962,735 - 3,883,162 56,079,573 3,790,000 Financed purchases 534,617 - 92,581 442,036 68,759
Notes and loans 1,220,558 - 358,915 861,643 204,517
Leases - 139,297 39,893 99,404 22,048
SBITAs 179,967 78,365 89,178 169,154 42,985
Compensated absences 406,542 167,973 * - 574,515 211,047 Total business-type activities $ 62,304,419 $ 385,635 $ 4,463,729 $ 58,226,325 $ 4,339,356 Total long-term liabilities $ 75,724,881 $ 14,760,823 $ 6,880,535 $ 83,605,169 $ 10,682,338 *Compensated absences presented as a net change in accordance with GASB No. 101, Compensated Absences.

A. Description of Long-Term Debt

1. Governmental Activities
US Bank Leases: On October 15, 2015, the City entered into a $1,492,100 lease 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 lease to finance the 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 lease bears an interest rate of 2.23%. The Sewer Fund and Water Fund have an interest in the leased equipment and related lease obligation of fifty-three percent (53%) and twenty percent (20%), respectively.

On October 14, 2019 the City entered into a $1,586,600 lease to finance the 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%.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 12 - LONG-TERM LIABILITIES
106
ATTACHMENT 1
1218
Solar Panels Lease: On March 10, 2016 the City executed a lease agreement 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 lease bears an interest rate of 2.60%. The Water Fund has a twenty-five percent (25%) interest in the leased equipment and related lease obligation. The lease is secured with a first lien on the leased equipment.

Fire Apparatus Equipment Lease: On July 30, 2018 the City entered into a $1,800,000 lease to finance the 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 lease bears an interest rate of 3.524%. The U.S. Bancorp lease is secured with a first lien on the leased equipment.

On October 15, 2019 the City entered into a $1,586,600 lease to finance the purchase of a fire apparatus.

Principal payments of $146,487 to 116,214 and interest payments of $33,273 to $3,383 are due annually October through 2030. The lease bears an interest rate of 2.315%. The U.S. Bancorp lease is secured with a first lien on the leased equipment.

On October 22, 2021 the City entered into a $904,000 lease to finance the 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 is secured with a first lien on the leased equipment.

On September 25, 2024, the City entered into a $1,176,950 lease agreement to finance the purchase of a Pierce Type 1 Pumper for the Fire Department. Principal payments of $40,008 to $59,276 and interest payments of $1,022 to $20,291 are due semi-annually on March 25 and September 25 through September 2036. The lease bears an interest of 3.448%.

On October 15, 2024, the City entered into a $1,168,816 lease agreement to finance the purchase of a Pierce Type 1 Pumper for the Fire Department. Principal payments of $38,112 to $60,999 and interest payments of $1,260 to $24,148 are due semi-annually on May 15 and November 15 through November 2036. The lease bears an interest of 4,132%.

Radio Equipment Lease: On March 1, 2025, the City entered into a $4,246,760 agreement lease to purchase radios for operational communications for the City. Principal payments of $337,795 to $523,581 and interest payments of $211,912 to $26,127 are due annually through March 2035. The lease bears an interest of 4.99%.

Homeless Housing Loan: On September 18, 2024, the City entered into a $2,500,000 loan agreement to purchase El Tejon Motel located at 1821 West Capitol Ave and 1812 Merkley Ave for the purpose of providing emergency homeless housing. Principal and interest payments of $983,333 to $883,333 will be paid annually through September 23, 2027. The loan bears an interest of 6.00%.

1. Business-type Activities:

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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 12 - LONG-TERM LIABILITIES (CONTINUED)
107
ATTACHMENT 1
1219
US Bank Lease: 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 leased equipment and related lease obligation of fifty-three percent (53%) and twenty percent (20%) respectively. The Sewer Fund’s share of the lease amount is $652,111 and the Water Funds Share is $242,674. The Sewer Fund’s share of the principal payments is $58,849 to $71,786 with interest payments of $1,568 to $12,937. The Water Fund’s share of the principal payments is $22,207 to $27,089 with interest payments of $592 to $4,882. The payments are due annually on October 30 through October 2024. The loan bears an interest rate of 2.23%.

Solar Panels Lease: On March 10, 2016 the City executed a lease agreement with Banc of America Public Capital in the amount of $3,984,982 to finance the purchase of solar panels installed at City Hall. As indicated in the Governmental Activities section above the Water Fund has a twenty-five percent (25%) interest in leased equipment representing solar panels on water tanks and the related lease obligation. The Water Fund’s share of the lease 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 lease bears an interest rate of 2.69%.

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 October 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 $506.776.50 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 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

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 12 - LONG-TERM LIABILITIES (CONTINUED)
108
ATTACHMENT 1
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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 $231,102 and $1,575,552, respectively; therefore, approximately 20% of the Port Fund’s revenue is pledged.

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:

Governmental Activities
Financed Purchases, Loans
Total Governmental
Activities
June 30 Principal Interest Principal Interest
2026 $ 2,030,724 $ 543,953 $ 2,030,724 $ 543,953
2027 1,929,910 451,981 1,929,910 451,981
2028 1,969,751 362,141 1,969,751 362,141
2029 1,177,833 270,725 1,177,833 270,725
2030 1,220,893 227,664 1,220,893 227,664
2031-2033 4,404,069 578,359 4,404,069 578,359
Totals $ 12,733,180 $ 2,434,823 $ 12,733,180 $ 2,434,823 Business-Type Activities
Bonds Private-Placement Notes
Total Business-Type
Activities
June 30 Principal Interest Principal Interest Principal Interest 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 4,060,000 1,127,732 301,053 9,606 4,361,053 1,137,338 2030 4,165,000 1,028,295 76,515 3,658 4,241,515 1,031,953 2031-2035 22,275,000 2,965,894 79,109 1,586 22,354,109 2,967,480 2036-2040 4,465,000 1,950,484 - - 4,465,000 1,950,484
2041-2045 5,310,000 1,107,897 - - 5,310,000 1,107,897
2046-2048 3,655,000 197,038 - - 3,655,000 197,038
Totals $ 55,570,000 $ 12,332,209 $ 1,303,679 $ 100,598 $ 56,873,679 $ 12,432,807

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 12 - LONG-TERM LIABILITIES (CONTINUED)
109
ATTACHMENT 1
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At June 30, 2025, the governmental funds report the following fund balance classifications:

Notes and loans receivable $ 121,417 $ - $ - $ - $ - $ 121,417 Leases - - - - - -
Inventories - - - - - -
Land held for resale 3,220,184 - - - - 3,220,184
Prepaid costs 891,798 - - - 1,746,282 2,638,080
Advances to other funds 3,738,228 - - - 11,439,579 15,177,807 Measure O - - - - - -
Total nonspendable 7,971,627 - - - 13,185,861 21,157,488 Restricted
Low income housing
projects - 33,639,968 33,080,270 - - 66,720,238
Community Facilities
Districts Capital Projects - - - - 2,296,794 2,296,794
Landscaping and street
lighting projects - - - - 9,830,949 9,830,949
Technology impact fees - - - - 722,107 722,107
Cable - - - - 1,086,532 1,086,532
Public art - - - - 41,067 41,067
Capital improvements - - - - 48,905,762 48,905,762
Special Purpose - - - - 2,470,291 2,470,291
Public safety programs and
projects - - - - 511,366 511,366
Equipment and
maintenance - - - - 1,638,733 1,638,733
Debt service - - - - 879,694 879,694
Transit activities - - - - 3,413,721 3,413,721
Reclamation District - - - - 15,558,505 15,558,505
Total restricted - 33,639,968 33,080,270 - 87,355,521 154,075,759 Committed
Measure K 5,224,721 - - - - 5,224,721
Measure V 19,090,646 - - - - 19,090,646
Measure E 1,263,877 - - - - 1,263,877
Measure N 1,850,394 - - - - 1,850,394
Measure O 3,022,668 - - - - 3,022,668
Measure G 3,832,425 - - - - 3,832,425
Community programs - - - - 1,822,854 1,822,854
Equipment and
maintenance - - - - 5,415,287 5,415,287
Capital Projects - - - 73,301,208 1,267,737 74,568,945
Staff continuity 500,000 - - - - 500,000
Debt service 2,460,935 - - - - 2,460,935
Total committed 37,245,666 - - 73,301,208 8,505,878 119,052,752 Assigned
Council projects - - - - 339,169 339,169
Total assigned - - - - 339,169 339,169
Unassigned 30,178,609 - - - (5,424,267) 24,754,342
Total fund balances (deficits) $ 75,395,902 $ 33,639,968 $ 33,080,270 $ 73,301,208 $ 103,962,162 $ 319,379,510 General
HCD - Block
Grant
Low Moderate
Income Housing
Fund
City Capital
Projects Fund
Total Nonmajor
Funds
Total
Governmental
Funds
Nonspendable

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 13 - NET POSITION AND FUND BALANCE
110
ATTACHMENT 1
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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. 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 A. Leases
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 16.08%. As of June 30, 2025, the total value of the lease liability was $3,161,143. The City is required to make monthly principal and interest payments ranging from $0 to $260,155. Information on the lease assets as of June 30, 2025 are as follows:

Governmental Activities
Total Amount
Major Class of of Lease Total Accumulated
Lease Type Underlying Asset Capital Assets Amortization Vehicle Right-to-use vehicles $ 1,740,549 $ 503,169
Equipment Right-to-use equipment 453,238 256,625
Building Right-to-use buildings 1,059,781 466,705
Land Right-to-use land 1,583,660 104,404
Subtotal - governmental activities 4,837,228 1,330,903
Business-type Activities
Total Amount
Major Class of of Lease Total Accumulated
Lease Type Underlying Asset Capital Assets Amortization Building Right-to-use buildings $ 117,249 $ 18,954
Subtotal - business-type
activities
$ 117,249 $ 18,954
Total $ 4,954,477 $ 1,349,857

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 14 - JOINT POWERS AUTHORITY
111
ATTACHMENT 1
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The future principal and interest lease payments as of June 30, 2025, were as follows:

Governmental Activities Business-type activities Total
Fiscal Year
Ending
June 30, Principal Interest Principal Interest Principal Interest 2026 $ 712,010 $ 144,973 $ 22,048 $ 2,372 $ 734,058 $ 147,345 2027 721,272 83,747 23,163 1,774 744,435 85,521
2028 664,695 66,668 24,324 1,145 689,019 67,813
2029 592,627 51,601 25,532 485 618,159 52,086
2030 470,963 38,510 4,337 14 475,300 38,524
2031-2035 586,535 124,089 - - 586,535 124,089
2036-2040 527,575 33,883 - - 527,575 33,883
Totals $ 4,275,677 $ 543,471 $ 99,404 $ 5,790 $ 4,375,081 $ 549,261 B. Subscription-Based Information Technology Arrangements The City has entered into various SBITAs as the subscriber for the use of software as a service. The terms of the subscriptions range from 2 to 5 years. As of June 30, 2025, the total combined value of the subscription liability is $604,061, and the total combined value of the short-term subscription liability is $213,823. The City is required to make annual fixed payments ranging from $0 to $56,076. The subscriptions have interest rates ranging from

2.35% to 3.76%. Information on the subscription assets as of June 30, 2025 is as follows:

Governmental Activities
Amount of SBITA Accumulated
Subscription Type Capital Assets Amortization
Software as a service $ 1,100,130 $ 540,971
Subtotal Governmental Activities 1,100,130 540,971
Business-type Activities
Amount of SBITA Accumulated
Subscription Type Capital Assets Amortization
Software as a service $ 238,519 $ 128,908
Subtotal - business-type
Activities
238,519 128,908
Total $ 1,338,649 $ 669,879

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 15 - LEASES AND SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS 112
ATTACHMENT 1
1224
The future principal and interest subscription payments as of June 30, 2025, were as follows:

Governmental Activities Business-type activities Total
Fiscal Year
Ending
June 30, Principal Interest Principal Interest Principal Interest 2026 $ 166,415 $ 12,974 $ 42,985 $ 3,225 $ 209,400 $ 16,199 2027 169,588 8,479 45,588 2,090 215,176 10,569
2028 131,036 3,941 32,845 886 163,881 4,827
2029 15,604 396 - - 15,604 396
Totals $ 482,643 $ 25,790 $ 121,418 $ 6,201 $ 604,061 $ 31,991 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, 2025 are required by debt continuing disclosure requirements.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 15 - LEASES AND SUBSCRIPTION-BASED INFORMATION TECHNOLOGY ARRANGEMENTS 113
ATTACHMENT 1
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A. Capital Assets
Successor Agency capital asset activity was as follows for the year ended June 30, 2025:

Balance Balance
July 1, 2024 Additions Deletions June 30, 2025
Successor Agency:

Capital assets, not being depreciated
Land $ 592,925 $ - $ - $ 592,925
Total Successor Agency capital assets, net $ 592,925 $ - $ - $ 592,925 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, 2025:

Amount
Balance Balance Due Within
July 1, 2024 Additions Deletions June 30, 2024 One Year Successor Agency
Tax Allocation Bonds
2014 Tax Allocation Refunding Bonds $ 28,908,213 $ - $ 4,313,956 $ 24,594,257 $ 4,501,393 2014 Tax Allocation Subordinate Refunding Bonds 8,612,064 - 23,506 8,588,558 24,519 2016 Tax Allocation Subordinate Refunding Bonds 16,590,000 - 945,000 15,645,000 990,000 Unamortized bond (premiums)/discounts 2,179,354 - 180,860 1,998,494 180,860 Total bonds payable 56,289,631 - 5,463,322 50,826,309 5,696,772 Notes payable 693,326 - 163,314 530,012 169,846
Total Successor Agency $ 56,982,957 $ - $ 5,626,636 $ 51,356,321 $ 5,866,618 2014 Tax Allocation Refunding Bonds: On January 15, 2014, $58,766,603 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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 16 - SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF WEST

SACRAMENTO
114
ATTACHMENT 1
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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 $58,333,959 at June 30, 2025. The Agency’s principal and interest paid during the current year for all Revenue and Tax Allocation Bonds combined was $7,588,438 during the year ended June 30, 2025.

The pledged revenues reported above represent 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 tax increment revenues). A portion of the pledged tax increment revenues are made available to the Agency under the ROPS process described above. The net pledged tax increment revenues reported above are not intended to represent the amount of revenues of 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:

Tax Allocation Bonds Notes Payable
June 30 Principal Interest Principal Interest
2026 $ 5,515,912 $ 2,114,921 $ 169,846 $ 21,208
2027 5,570,879 1,893,171 176,640 14,414
2028 6,000,953 1,661,742 183,526 7,348
2029 6,292,007 1,420,254 - -
2030 6,648,133 1,167,582 - -
2031-2035 10,850,022 3,007,437 - -
2036-2037 9,948,403 355,958 - -
Totals $ 50,826,309 $ 11,621,065 $ 530,012 $ 42,970

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 16 - SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF WEST

SACRAMENTO
115
ATTACHMENT 1
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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 11, 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 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, 2025 totaled $8,843,522.

Potential Contamination – The Successor Agency identified a property known as the Tower Court property that is potentially contaminated and may require remediation. The property, the former 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 site 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 onto 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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 16 - SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF WEST

SACRAMENTO
116
ATTACHMENT 1
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One agreement ends May 6, 2037 and requires 100% of the tax increment collected on the related property to be 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 $666,623 being made by the Successor Agency during the year ended June 30, 2025.

The City receives approximately 47% of the tax increment revenue distributed by the Successor Agency each year, which results in a loss of tax revenues by the City of approximately 47% of the payments above.

NOTE 17 - RESTATEMENT OF FUND BALANCE/NET POSITION
A. Changes to or within the Reporting Entity
The HCD – Block Grant Fund was previously reported as a nonmajor fund during the prior fiscal year. During the fiscal year ended June 30, 2025, the change in Fund activity resulted in the presentation as a major special revenue fund. As a result, the fund balance as of June 30, 2024 for the HCD – Block Grant and Total Nonmajor Funds were restated by $32,863,667 and ($32,863,667) respectively. Additionally, during the fiscal year, the City conducted an internal review of fund activity. As part of this review, certain transactions were reclassified among the HCD – Block Grant Fund, the Low Moderate Income Housing Fund, and the Special Purpose Fund to more accurately reflect the nature of the underlying activities. These reclassifications resulted in restatements of $1,139,367 to the HCD – Block Grant Fund, ($4,331) to the Low Moderate Income Housing Fund, and ($1,135,036) to the Special Purpose Fund. The net impact of these adjustments across all funds was zero, as the increases and decreases offset each other. The effects of that change to or within the financial reporting entity are shown in the following table.

June 30, 2024
As Previously
Reported
Changes to or
Within the
Reporting Entity
June 30, 2024
Restated
Governmental funds
Major funds
General fund $ 79,105,709 $ - $ 79,105,709
HCD - Block Grant - 32,992,786 32,992,786
Low Moderate Income Housing Fund 32,815,658 (4,331) 32,811,327 City capital projects 57,786,093 - 57,786,093
Nonmajor funds 147,861,772 (32,988,455) 114,873,317
Total governmental funds $ 317,569,232 $ - $ 317,569,232 NOTE 18 - SUBSEQUENT EVENTS
The City evaluated subsequent events for recognition and disclosure through February 6, 2026, the date which these financial statements were available to be issued. Management concluded that no material subsequent events have occurred since June 30, 2025 that required recognition or disclosure in the financial statements.

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Financial Statements
For the Year Ended June 30, 2025
NOTE 16 - SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF WEST

SACRAMENTO
117
ATTACHMENT 1
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REQUIRED SUPPLEMENTARY INFORMATION
118
ATTACHMENT 1
1230
Budgetary Comparison Schedules -
General Fund
Contributions from property owners - - 1,496 1,496
Intergovernmental 593,086 7,496,220 2,017,053 (5,479,167) Charges for services 8,197,143 8,476,393 8,814,008 337,615 Use of money and property 3,500 3,500 4,258,361 4,254,861 Fines and forfeitures 210,000 210,000 219,511 9,511
Miscellaneous 1,266,000 1,278,832 351,272 (927,560)
Total revenues 132,081,412 124,228,778 122,098,947 (2,129,831)

EXPENDITURES
Current:

General government 33,429,860 58,068,276 28,071,587 29,996,689 Public safety 47,185,152 53,516,449 50,755,443 2,761,006 Community development 13,555 (6,453) 299 (6,752)
Culture and recreation 10,736,009 11,257,229 10,773,891 483,338 Public works 6,864,206 7,048,157 6,809,586 238,571
Capital outlay 150,000 230,200 11,045,512 (10,815,312)
Debt service:

Principal retirement 402,869 380,530 943,665 (563,135)
Interest expenses and fiscal charges - 191,154 191,154 - Total expenditures 98,781,651 130,685,542 108,591,137 22,094,405 Excess (deficiency) of revenues
over (under) expenditures 33,299,761 (6,456,764) 13,507,810 19,964,574

OTHER FINANCING SOURCES (USES)
Transfers in 23,845,707 57,305,703 8,798,431 (48,507,272) Transfers out (67,243,188) (89,493,346) (28,781,271) 60,712,075 Subscriptions issuance - 2,759,677 2,759,677 -
Proceeds from sale of capital assets 500 5,546 5,546 -
Total other financing sources (uses) (43,396,981) (29,422,420) (17,217,617) 12,204,803 Net change in fund balances $ (10,097,220) $ (35,879,184) (3,709,807) $ 32,169,377 Fund balances-beginning 79,105,709
Fund balances-ending $ 75,395,902
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Taxes $ 121,034,093 $ 105,985,093 $ 105,527,191 $ (457,902) Licenses and permits 777,590 778,740 910,055 131,315

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual General Fund
For the Year Ended June 30, 2025
119
ATTACHMENT 1
1231
HCD - Block Grant
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Contributions from property owners $ - $ 25,000 $ - $ (25,000) Intergovernmental 1,000 1,756,945 732,075 (1,024,870)
Charges for services - - 997,500 997,500
Use of money and property 11,500 12,150 279,171 267,021 Miscellaneous - 721,371 16,371 (705,000)
Total revenues 12,500 2,515,466 2,025,117 (490,349)

EXPENDITURES
Current:

Community development - 397,722 - 397,722
Housing rehabilitation - 3,156,934 540,085 2,616,849
Debt service:

Interest expenses and fiscal charges - 16,085 16,085 -
Total expenditures - 3,570,741 556,170 3,014,571
Excess (deficiency) of revenues
over (under) expenditures 12,500 (1,055,275) 1,468,947 2,524,222

OTHER FINANCING SOURCES (USES)
Transfers in 140,000 351,048 177,389 (173,659)
Transfers out - (1,394,122) (999,154) 394,968
Total other financing sources (uses) 140,000 (1,043,074) (821,765) 221,309 Net change in fund balances $ 152,500 $ (2,098,349) 647,182 $ 2,745,531 Fund balances-beginning -
Restatements - changes to reporting entity 32,992,786
Fund balances-beginning, as restated 32,992,786
Fund balances-ending $ 33,639,968

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual HCD - Block Grant
For the Year Ended June 30, 2025
120
ATTACHMENT 1
1232
Low Moderate Income Housing Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property $ - $ - $ 25,864 $ 25,864
Total revenues - - 25,864 25,864

EXPENDITURES
Current:

Housing rehabilitation - - 171 (171)
Total expenditures - - 171 (171)
Excess (deficiency) of revenues
over (under) expenditures - - 25,693 25,693

OTHER FINANCING SOURCES (USES)
Proceeds from sale of capital assets - 243,250 243,250 - Total other financing sources (uses) - 243,250 243,250 - Net change in fund balances $ - $ 243,250 268,943 $ 25,693 Fund balances-beginning 32,815,658
Restatements (4,331)
Fund balances-beginning, as restated 32,811,327
Fund balances-ending $ 33,080,270

CITY OF WEST SACRAMENTO
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual (Continued) Low Moderate Income Housing Fund
For the Year Ended June 30, 2025
121
ATTACHMENT 1
1233
Schedule of Changes in Net Pension Liability and Related Ratios - Miscellaneous Plan (Unaudited)
2025 2024 2023 2022
Measurement Date 6/30/2024 6/30/2023 6/30/2022 6/30/2021

TOTAL PENSION LIABILITY
Service cost $ 4,127,696 $ 3,765,106 $ 3,636,502 $ 3,128,556 Interest on total pension liability 12,166,097 11,458,007 10,831,489 10,304,714 Changes of benefit terms - 204,635 - -
Changes of assumptions - - 5,876,038 -
Difference between expected and actual experience 2,956,257 1,875,794 153,504 711,754 Benefit payments, including refunds of employee contributions (8,358,434) (7,838,579) (7,226,905) (6,494,235) Net change in total pension liability 10,891,616 9,464,963 13,270,628 7,650,789 Total pension liability-beginning 175,479,346 166,014,383 152,743,755 145,092,966 Total pension liability-ending (a) 186,370,962 175,479,346 166,014,383 152,743,755

PLAN FIDUCIARY NET POSITION
Contributions-employer 6,239,128 5,853,988 5,227,083 4,850,873 Contributions-employee 1,949,685 1,733,499 1,549,231 1,454,515 Net investment income 11,977,840 7,316,478 (9,663,853) 23,688,912 Benefit payments, including refunds of employee contributions (8,358,434) (7,838,579) (7,226,905) (6,494,235) Net plan to plan resource movement - - 10,917 -
Administrative expense (100,755) (85,922) (79,130) (103,520) Net change in fiduciary net position 11,707,464 6,979,464 (10,182,657) 23,396,545 Plan fiduciary net position-beginning 123,823,193 116,843,729 127,026,386 103,629,841 Plan fiduciary net position-ending (b) 135,530,657 123,823,193 116,843,729 127,026,386 Net pension liability/(asset) (a) - (b) 50,840,305 51,656,153 49,170,654 25,717,369 Plan fiduciary net position as a percentage of the total pension liability 72.7% 70.6% 70.4% 83.2%
Covered-employee payroll $ 21,890,153 $ 20,650,208 $ 19,383,866 $ 18,468,840 Plan net pension liability/(asset) as a percentage of coveredemployee payroll 232.3% 250.1% 253.7% 139.2% Notes to Schedule of Changes in the Net Pension Liability and Related Ratios:

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: There were no assumption changes in 2023 or 2024. Effective with the June 30, 2021, valuation date (June 30, 2022, measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. In addition, demographic assumptions and the price inflation assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. The accounting discount rate was

7.15% for measurement dates June 30, 2017, through June 30, 2021, and 7.65% for measurement dates June 30, 2015, through June 30, 2016.

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Changes in the Net Pension Liability/(Asset) and Related Ratios Miscellaneous Plan
As of June 30, for the Last Ten Fiscal Years1
122
ATTACHMENT 1
1234
2021 2020 2019 2018 2017 2016
6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 3,014,115 2,946,749 2,904,042 2,954,295 2,674,614 2,556,177 9,783,332 9,334,837 8,792,399 8,452,381 8,066,337 7,653,951 - - - - - -
- - (840,317) 7,203,552 - (1,969,754)
(244,985) 1,232,902 (856,846) (792,573) (795,717) (1,118,053) (6,054,458) (5,540,860) (5,187,400) (4,670,394) (4,367,508) (3,798,428) 6,498,004 7,973,628 4,811,878 13,147,261 5,577,726 3,323,893 138,594,962 130,621,334 125,809,456 112,662,195 107,084,469 103,760,576 145,092,966 138,594,962 130,621,334 125,809,456 112,662,195 107,084,469 4,397,555 3,795,683 3,390,005 3,219,379 3,052,035 2,795,566 1,395,359 1,308,445 1,266,743 1,279,199 1,261,639 1,228,203 5,031,113 6,161,623 7,393,264 8,804,045 415,371 1,744,308 (6,054,458) (5,540,860) (5,187,400) (4,670,394) (4,367,508) (87,310) - - - - - -
(139,595) (66,383) (391,104) (115,683) (47,561) (3,798,428) 4,629,974 5,658,508 6,471,508 8,516,546 313,976 1,882,339 98,999,867 93,341,369 86,869,861 78,353,315 78,039,339 76,157,000 103,629,841 98,999,877 93,341,369 86,869,861 78,353,315 78,039,339 41,463,125 39,595,085 37,279,965 38,939,595 34,308,880 29,045,130

71.4% 71.4% 71.5% 69.0% 69.5% 72.9%
$19,045,477 $17,285,967 $17,332,326 $16,668,162 $15,645,379 $15,564,905 217.7% 229.1% 215.1% 233.6% 219.3% 186.6%
123
ATTACHMENT 1
1235
Schedule of Proportionate Share of the Net Pension Liability - Public Safety Plan (Unaudited)
Proportionate Share Plan's Fiduciary
Proportion of the Proportionate of the Net Pension Net Position as a Reporting Date 1 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 2025 0.8573% $ 62,507,504 $ 14,558,494 429.4% 70.54%
2024 0.8476% 63,356,728 13,046,245 485.6% 70.4%
2023 0.8526% 58,590,038 16,939,668 345.9% 71.3%
2022 0.8863% 31,104,341 16,098,239 193.2% 83.4%
2021 0.7525% 50,135,654 15,174,661 330.4% 71.7%
2020 0.7300% 45,571,508 12,694,293 359.0% 73.3%
2019 0.7146% 41,926,786 12,460,506 336.5% 73.7%
2018 0.6916% 41,321,437 12,156,596 339.9% 72.8%
2017 0.6931% 35,897,922 11,780,995 304.7% 74.2%
2016 0.6731% 27,735,405 11,616,423 238.8% 78.9%
Notes to Schedule of Proportionate Share of the Net Pension Liability:

Benefit Changes: None
Changes of Assumptions: None
1 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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedules of Proportationate Share of Net Pension Liability Safety Plan
As of June 30, for the Last Ten Fiscal Years
124
ATTACHMENT 1
1236
Schedule of Contributions to the Pension Plan -
Miscellaneous Plan (Unaudited)
Schedule of Contributions to the Pension Plan -
Public Safety Plan (Unaudited)
Miscellaneous Agent, Multiple-Employer Pension Plan
2025 $ 7,005,603 $ 7,005,603 $ - $ 24,525,821 28.6%
2024 5,853,988 6,239,128 (385,140) 21,890,153 28.5%
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%
Safety Cost-Sharing, Multiple-Employer Pension Plan
2025 $ 8,243,894 $ 8,243,894 $ - $ 14,681,745 56.2%
2024 6,980,427 7,164,403 (183,976) 14,558,494 49.2%
2023 6,209,600 6,209,600 - 13,046,245 47.6%
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%
Notes to Schedule of Plan Contributions:

The actuarial methods and assumptions used to set the actuarially Actuarial Cost Method: Entry Age Normal
Amortization Method/Period: Valuation Report
Asset Valuation Method: Fair Value of Assets. For details see June 30, 2021, Funding Valuation Report.

Inflation: 2.3%
Salary Increases: Varies by Entry Age and Service
Retirement Age: The probabilities of retirement are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.

Mortality: The probabilities of mortality are based on the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. Mortality rates incorporate full generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries.

Covered/ Contribution as a
Fiscal Year Actuarially Actual Contribution Covered- % of Covered/ Ending Determined Employer Deficiency Employee Covered Employee June 30, Contribution Contributions (Excess) Payroll Payroll

CITY OF WEST SACRAMENTO, CALIFORNIA
Miscellaneous and Cost Sharing Plan
Schedules of Plan Contributions
As of June 30, For the Last Ten Fiscal Years
125
ATTACHMENT 1
1237
Schedule of Changes in the Net Other Postemployment
Benefits Liability (Unaudited)
2025 2024 2023 2022
Measurement Date 6/30/2024 6/30/2023 6/30/2022 6/30/2021

TOTAL OPEB LIABILITY
Service cost $ 827,292 $ 676,640 $ 764,702 $ 744,835
Interest on total pension liability 2,049,701 2,060,864 2,298,860 2,213,144 Changes of assumptions (1,397,758) 2,737,919 (304,353) 253,583 Implicit subsidy credit (346,005) (323,446) - -
Difference between expected and actual experience 6,694,815 (22,739) (1,524,951) - Benefit payments, including refunds of employee contributions (1,607,914) (1,496,162) (2,092,130) (2,034,182) Net change in total OPEB liability 6,220,131 3,633,076 (857,872) 1,177,380 Total OPEB liability-beginning 32,892,500 29,259,424 30,117,296 28,939,916 Total OPEB liability-ending (a) 39,112,631 32,892,500 29,259,424 30,117,296

PLAN FIDUCIARY NET POSITION
Contributions-employer 1,953,919 1,496,162 2,092,130 2,451,162 Net investment income 3,263,702 1,841,533 (4,612,582) 6,806,695 Benefit payments, including refunds of employee contributions (1,953,919) (1,496,162) (2,092,130) (2,034,182) Administrative expense (24,119) (20,871) (23,046) (22,544) Other miscellaneous income/(expense) - - - -
Net change in fiduciary net position 3,239,583 1,820,662 (4,635,628) 7,201,131 Plan fiduciary net position-beginning 28,691,829 26,871,167 31,506,795 24,305,664 Plan fiduciary net position-ending (b) 31,931,412 28,691,829 26,871,167 31,506,795 Net OPEB liability/(asset) (a) - (b) 7,181,219 4,200,671 2,388,257 (1,389,499) Plan fiduciary net position as a percentage of the total OPEB liability 81.6% 87.2% 91.8% 104.6%
Covered-employee payroll $ 39,794,552 $ 39,909,107 $ 31,353,560 $ 30,209,899 Plan net OPEB liability/(asset) as a percentage of coveredemployee payroll 18.0% 10.5% 7.6% (4.6)% Notes to Schedule of Changes in the Net OPEB Liability and Related Ratios:

Benefit Changes: None.

Changes in Assumptions: None.
1 Fiscal year 2018 was the first year of implementation; therefore, only eight years are shown.

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Changes in the Net OPEB Liability and Related Ratios As of June 30, For the Last Ten Fiscal Years1
126
ATTACHMENT 1
1238
2021 2020 2019 2018
6/30/2020 6/30/2019 6/30/2018 6/30/2017
$ 1,081,227 $ 1,152,117 $ 1,163,030 $ 1,130,527
2,743,612 2,585,017 2,442,530 2,186,281
(3,424,480) (1,925,148) (1,587,653) -
- - - -
(5,147,610) - 3,425,905 -
(1,818,523) (1,717,697) (1,535,458) (1,404,450)
(6,565,774) 94,289 3,908,354 1,912,358
35,505,690 35,411,401 31,503,047 29,590,689
28,939,916 35,505,690 35,411,401 31,503,047
3,446,373 2,514,355 2,311,728 2,151,000
776,605 1,217,128 1,412,245 1,623,962
(1,818,523) (1,717,697) (1,535,458) (1,404,450)
(19,624) (8,237) (9,234) (7,905)
- (8,939) - -
2,384,831 1,996,610 2,179,281 2,362,607
21,920,833 19,924,223 17,744,942 15,382,335
24,305,664 21,920,833 19,924,223 17,744,942
4,634,252 13,584,857 15,487,178 13,758,105

84.0% 61.7% 56.3% 56.3%
$ 32,095,402 $ 31,236,401 $ 30,400,390 $ 26,329,910

14.4% 43.5% 50.9% 52.3%
127
ATTACHMENT 1
1239
Schedule of Contributions to the Other Postemployment
Benefits Liability (Unaudited)
2025 2024 2023 2022 2021
Actuarially Determined Contribution $ 1,318,559 $ 856,857 $ 1,825,573 $ 1,734,240 $ 2,384,763 Contribution in Relation to the Actuarially Determined Contributions 2,211,539 856,857 1,830,017 2,034,182 3,446,373 Contribution Deficiency (Excess) (892,980) - (4,444) (299,942) (1,061,610) Covered-Employee Payroll $ 39,794,552 $ 39,909,107 $ 31,353,560 $ 30,209,899 $ 32,095,402 Contributions as a percentage of Covered-Employee Payroll 3.3% (2.2)% (5.8)% (6.7)% (10.7)% Notes to Schedule:

Actuarial methods and assumptions used to set the actuarially determined contribution for Valuation Date: June 30, 2024
Actuarial Cost Method: Entry Age Normal, Level Percentage of Payroll Amortization Method: Closed Period, Level Percent of Pay Amortization Period: 19 Years
Discount Rate: 6.40%
General Inflation: 2.30%
Medical Trend: 6.80%, trending down to 4.04%
Mortality: CalPERS OPEB Assumption model, dated November 17, 2021 Mortality Improvement: Mortality projected fully generational with Scale MP-2020 All Other Assumptions: Same as those used to determine the total OPEB liability. (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.

CITY OF WEST SACRAMENTO, CALIFORNIA
Other Post-Employment Benefit Plan
Schedule of Plan Contributions
As of June 30, For the Last Ten Fiscal Years1
128
ATTACHMENT 1
1240
2020 2019 2018
$ 2,492,341 $ 2,315,300 $ 2,315,380
2,514,355 2,311,728 2,151,000
(22,014) 3,572 164,380
$ 31,236,401 $ 30,400,390 $ 26,329,910
(8.1)% (7.6)% (8.2)%
129
ATTACHMENT 1
1241

SUPPLEMENTARY INFORMATION
130
ATTACHMENT 1
1242
Combining Schedules
131
ATTACHMENT 1
1243
General Fund
132
ATTACHMENT 1
1244
Combining Balance Sheets
General Fund
General
Reserve Fund
General LT
Fund
General
Support
Services
ASSETS
Pooled cash and investments $ - $ 15,199,447 $ 2,556,968 $ 1,503,995 Receivables (net of allowance for uncollectible):

Accounts 2,644,283 - - 4,071
Accrued interest 181,349 35,763 6,102 -
Due from other governments 6,233,815 - - -
Notes and loans - - - -
Leases 7,096,846 - - -
Due from other funds 2,312,038 - - -
Prepaid costs 829,631 - - 57,302
Land held for resale - - - -
Advances to other funds 2,086,101 - 1,502,501 -
Total assets $ 21,384,063 $ 15,235,210 $ 4,065,571 $ 1,565,368

LIABILITIES
Accounts payable $ 1,178,584 $ - $ - $ 1,013,559
Accrued liabilities 1,740,354 - 102,136 438,655
Unearned revenues 820,410 - - -
Deposits payable 69,570 - - -
Due to other governments 136,839 - - 11,136
Due to other funds - - - -
Advances from other funds - - - -
Total liabilities 3,945,757 - 102,136 1,463,350

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues 492,590 - - -
Leases 6,400,871 - - -
Total deferred inflows of resources 6,893,461 - - -

FUND BALANCES
Nonspendable 2,915,732 - 1,502,500 57,302
Restricted - - - -
Committed 500,000 - 2,460,935 -
Unassigned 7,129,113 15,235,210 - 44,716
Total fund balances 10,544,845 15,235,210 3,963,435 102,018 Total liabilities and fund balances $ 21,384,063 $ 15,235,210 $ 4,065,571 $ 1,565,368

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Schedule of Revenues, Expenditures, Changes in Fund Balances* General Funds
June 30, 2025
133
ATTACHMENT 1
1245
Budget
Stabilization
General
Special C.I.

Fund
General 1X
Money Fund
Measure K
Fund
ASSETS
Pooled cash and investments $ 2,534,298 $ 8,579,041 $ 5,032,656 $ 4,428,879 Receivables (net of allowance for uncollectible):

Accounts 276,705 552 - -
Accrued interest 6,050 58,480 - 10,926
Due from other governments - 14,255 - 905,207
Notes and loans - 61,417 - -
Leases - 358,274 - -
Prepaid costs - 3,504 - 935
Land held for resale - 3,220,184 - -
Advances to other funds - - - -
Total assets $ 2,817,053 $ 12,295,707 $ 5,032,656 $ 5,345,947

LIABILITIES
Accounts payable $ - $ 51,003 $ 95,829 $ 41,732
Accrued liabilities - 127,128 - 77,559
Due to other governments - - - 1,000
Advances from other funds - 4,609,162 - -
Total liabilities - 4,787,293 95,829 120,291

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - 19,195 - -
Leases - 355,998 - -
Total deferred inflows of resources - 375,193 - -

FUND BALANCES
Nonspendable - 3,285,105 - 935
Restricted - - - -
Committed - 3,832,425 - 5,224,721
Unassigned 2,817,053 15,691 4,936,827 -
Total fund balances 2,817,053 7,133,221 4,936,827 5,225,656 Total liabilities and fund balances $ 2,817,053 $ 12,295,707 $ 5,032,656 $ 5,345,947

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Schedule of Revenues, Expenditures, Changes in Fund Balances* General Funds
June 30, 2025
134
ATTACHMENT 1
1246
Measure V
Fund
Measure E
Fund
Measure N
Fund
Measure O
Fund
ASSETS
Pooled cash and investments $ 18,135,549 $ 739,280 $ 2,957,231 $ - Receivables (net of allowance for uncollectible):

Accounts - 8,259 - -
Accrued interest 49,890 3,538 16,053 -
Due from other governments 905,207 894,306 894,880 3,763,589 Notes and loans - - 60,000 -
Leases - - - -
Due from other funds - - - -
Prepaid costs - 426 - -
Land held for resale - - - -
Advances to other funds 149,626 - - -
Total assets $ 19,240,272 $ 1,645,809 $ 3,928,164 $ 3,763,589

LIABILITIES
Accounts payable $ - $ 289,167 $ 111,275 $ 124,593
Accrued liabilities - 84,213 19,450 64,075
Unearned revenues - - - -
Deposits payable - - - -
Due to other governments - 8,126 - 154
Due to other funds - - - 402,473
Advances from other funds - - 1,887,045 149,626
Total liabilities - 381,506 2,017,770 740,921

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - -
Leases - - - -
Total deferred inflows of resources - - - -

FUND BALANCES
Nonspendable 149,626 426 60,000 -
Restricted - - - -
Committed 19,090,646 1,263,877 1,850,394 3,022,668
Unassigned - - - -
Total fund balances 19,240,272 1,264,303 1,910,394 3,022,668 Total liabilities and fund balances $ 19,240,272 $ 1,645,809 $ 3,928,164 $ 3,763,589

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Schedule of Revenues, Expenditures, Changes in Fund Balances* General Funds
June 30, 2025
135
ATTACHMENT 1
1247
Total
General
Fund
ASSETS
Pooled cash and investments $ 61,667,344
Receivables (net of allowance for uncollectible):

Accounts 2,933,870
Accrued interest 368,151
Due from other governments 13,611,259
Notes and loans 121,417
Leases 7,455,120
Due from other funds 2,312,038
Prepaid costs 891,798
Land held for resale 3,220,184
Advances to other funds 3,738,228
Total assets $ 96,319,409

LIABILITIES
Accounts payable $ 2,905,742
Accrued liabilities 2,653,570
Unearned revenues 820,410
Deposits payable 69,570
Due to other governments 157,255
Due to other funds 402,473
Advances from other funds 6,645,833
Total liabilities 13,654,853

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues 511,785
Leases 6,756,869
Total deferred inflows of resources 7,268,654

FUND BALANCES
Nonspendable 7,971,626
Restricted -
Committed 37,245,666
Unassigned 30,178,610
Total fund balances 75,395,902
Total liabilities and fund balances $ 96,319,409
*The discrepancy between the Combining Schedule of Revenues, Expenditures, and Changes in Fund Balance for General Funds and the Governmental Funds Balance Sheet results from management’s election to present the combining schedule without reflecting intrafund eliminations.

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Schedule of Revenues, Expenditures, Changes in Fund Balances* General Funds
June 30, 2025
136
ATTACHMENT 1
1248
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances General Fund
General
Reserve Fund
General LT
Fund
General
Support
Services

REVENUES
Taxes $ 68,560,058 $ - $ - $ -
Licenses and permits 898,532 - - 11,523
Intergovernmental 1,384,580 - - 124,874
Contributions from property owners 1,496 - - -
Charges for services 8,484,373 - - 179,191
Use of money and property 1,304,241 698,173 206,230 (55,325) Fines and forfeitures 219,511 - - -
Miscellaneous 156,644 - - 194,378
Total revenues 81,009,435 698,173 206,230 454,641

EXPENDITURES
Current:

General government 840,247 4,606 718,526 19,238,737
Public safety 48,883,535 - - -
Community development 299 - - -
Culture and recreation 9,628,815 - - -
Public works 6,285,790 - - -
Capital outlay 2,486,061 - - 765,421
Debt service:

Principal retirement 428,174 - - 448,300
Interest expenses and fiscal charges 45,550 - - 20,971
Total expenditures 68,598,471 4,606 718,526 20,473,429
Excess (deficiency) of revenues
over (under) expenditures 12,410,964 693,567 (512,296) (20,018,788)

OTHER FINANCING SOURCES (USES)
Transfers in 4,141,685 360,593 880,689 19,942,447
Transfers out (27,760,075) - - (144,418)
Subscriptions issuance 2,266,340 - - 457,963
Proceeds from sale of capital assets 5,546 - - -
Total other financing sources (uses) (21,346,504) 360,593 880,689 20,255,992 Net change in fund balances (8,935,540) 1,054,160 368,393 237,204 Fund balances (deficit)-beginning 19,480,385 14,181,050 3,595,042 (135,186) Fund balances (deficit)-ending $ 10,544,845 $ 15,235,210 $ 3,963,435 $ 102,018

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Schedule of Revenues, Expenditures, Changes in Fund Balances* General Funds
June 30, 2025
137
ATTACHMENT 1
1249
Budget
Stabilization
General
Special C.I.

Fund
General 1X
Money Fund
Measure K
Fund

REVENUES
Taxes $ 1,077,510 $ 10,626,248 $ - $ 5,092,025
Licenses and permits - - - -
Intergovernmental - 2,500 500,000 15
Contributions from property owners - - - -
Charges for services - 141,969 - 8,475
Use of money and property 121,942 477,144 (4,211) 172,754 Fines and forfeitures - - - -
Miscellaneous - - - -
Total revenues 1,199,452 11,247,861 495,789 5,273,269

EXPENDITURES
Current:

General government 779 2,827,049 843,509 300,619
Public safety - - - 1,627,622
Community development - - - -
Culture and recreation - - - 298,981
Public works - - - 523,796
Capital outlay - 2,453,750 334,280 250,273
Debt service:

Principal retirement - - - 5,818
Interest expenses and fiscal charges - - - 722
Total expenditures 779 5,280,799 1,177,789 3,007,831
Excess (deficiency) of revenues
over (under) expenditures 1,198,673 5,967,062 (682,000) 2,265,438

OTHER FINANCING SOURCES (USES)
Transfers in - 1,516,531 14,108,794 263,196
Transfers out (1,046,868) (7,931,596) (9,684,483) (2,391,562) Subscriptions issuance - - - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) (1,046,868) (6,415,065) 4,424,311 (2,128,366) Net change in fund balances 151,805 (448,003) 3,742,311 137,072 Fund balances (deficit)-beginning 2,665,248 7,581,224 1,194,516 5,088,584 Fund balances (deficit)-ending $ 2,817,053 $ 7,133,221 $ 4,936,827 $ 5,225,656

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Schedule of Revenues, Expenditures, Changes in Fund Balances* General Funds
June 30, 2025
138
ATTACHMENT 1
1250
Measure V
Fund
Measure E
Fund
Measure N
Fund
Measure O
Fund

REVENUES
Taxes $ 5,092,025 $ 5,055,308 $ 5,059,594 $ 4,964,423
Licenses and permits - - - -
Intergovernmental - - 5,084 -
Contributions from property owners - - - -
Charges for services - - - -
Use of money and property 876,461 46,445 414,507 -
Fines and forfeitures - - - -
Miscellaneous - 250 - -
Total revenues 5,968,486 5,102,003 5,479,185 4,964,423

EXPENDITURES
Current:

General government 6,875 2,071,031 565,145 654,464
Public safety - - 244,286 -
Community development - - - -
Culture and recreation - 846,095 - -
Public works - - - -
Capital outlay - 35,374 4,582,689 137,664
Debt service:

Principal retirement - 27,383 33,990 -
Interest expenses and fiscal charges - 1,420 122,491 -
Total expenditures 6,875 2,981,303 5,548,601 792,128
Excess (deficiency) of revenues
over (under) expenditures 5,961,611 2,120,700 (69,416) 4,172,295

OTHER FINANCING SOURCES (USES)
Transfers in - 118,935 1,000,204 -
Transfers out (3,412,000) (1,949,693) (6,845,592) (1,149,627) Subscriptions issuance - 35,374 - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) (3,412,000) (1,795,384) (5,845,388) (1,149,627) Net change in fund balances 2,549,611 325,316 (5,914,804) 3,022,668 Fund balances (deficit)-beginning 16,690,661 938,987 7,825,198 - Fund balances (deficit)-ending $ 19,240,272 $ 1,264,303 $ 1,910,394 $ 3,022,668

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Schedule of Revenues, Expenditures, Changes in Fund Balances* General Funds
June 30, 2025
139
ATTACHMENT 1
1251
Total
General
Fund

REVENUES
Taxes $ 105,527,191
Licenses and permits 910,055
Intergovernmental 2,017,053
Contributions from property owners 1,496
Charges for services 8,814,008
Use of money and property 4,258,361
Fines and forfeitures 219,511
Miscellaneous 351,272
Total revenues 122,098,947

EXPENDITURES
Current:

General government 28,071,587
Public safety 50,755,443
Community development 299
Culture and recreation 10,773,891
Public works 6,809,586
Capital outlay 11,045,512
Debt service:

Principal retirement 943,665
Interest expenses and fiscal charges 191,154
Total expenditures 108,591,137
Excess (deficiency) of revenues
over (under) expenditures 13,507,810

OTHER FINANCING SOURCES (USES)
Transfers in 42,333,074
Transfers out (62,315,914)
Subscriptions issuance 2,759,677
Proceeds from sale of capital assets 5,546
Total other financing sources (uses) (17,217,617)
Net change in fund balances (3,709,807)
Fund balances (deficit)-beginning 79,105,709
Fund balances (deficit)-ending $ 75,395,902
*The discrepancy between the Combining Schedule of Revenues, Expenditures, and Changes in Fund Balance for General Funds and the Governmental Funds Balance Sheet results from management’s election to present the combining schedule without reflecting intrafund eliminations.

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Schedule of Revenues, Expenditures, Changes in Fund Balances* General Funds
June 30, 2025
140
ATTACHMENT 1
1252
Non - Major Governmental Funds
141
ATTACHMENT 1
1253

NON-MAJOR SPECIAL REVENUE GOVERNMENTAL FUNDS
Special revenue funds are used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes. The non-major special revenue funds of the City are outlined as follows:

Landscaping and Street Lighting Fund - to account for revenues and the associated expenditures of fees levied on property owners of the City which are specifically restricted to landscaping, street lighting and maintenance.

Transit Fund - to account for revenues and the associated expenditures of Transportation Development Act funds, which are restricted for public transit services or streets and roads projects.

Technology Impact Fee Fund - to account for revenues and the associated expenditures of technology impact fees specifically restricted for acquisition and improvement of technology for the City.

Storm Water Maintenance District Fund - to account for revenues and the associated expenditures of fees levied on property owners of the City, which are specifically restricted to the maintenance of pumps to control storm water runoff.

Cable Fund - to account for revenues and the associated expenditures of franchise fees, received from cable television franchises, which are specifically restricted to activities for educational and governmental use.

Special Purpose Fund - to account for revenues and the associated expenditures of various minor programs specifically restricted for community programs, traffic regulation, and disaster reimbursements.

Public Safety Fund - to account for revenues and the associated expenditures of various minor grants specifically restricted for public safety.

Public Art Fund - to account for the revenues and expenditures associated with the public art projects in the City.

Development Trust Fund – to account for revenues and the associated expenditures of a program to assist priority private projects that satisfy the program’s eligibility criteria with impact fee credits in the Washington Neighborhood and Central Business District.

Road Fund - to account for revenues and expenditures of appropriated gas tax, which are specifically restricted for the construction and maintenance of streets.

Community Development Performance Bond Support Services Special Revenue Fund - to account for refundable community development performance bonds received from developers.

CDD Grants Fund – to account for revenues and the associated expenditures of appropriated Community Development Grant funds, which are specifically restricted to the associated grants.

Improvements Fund:

General Equipment Improvements Fund - to account for revenues and the associated expenditures of funds restricted to acquiring equipment.

Tree Mitigation Improvements Fund - to account for revenues and associated expenditures of tree mitigation fees restricted to replace trees destroyed by development activities.

Public Works Support Services Fund - to account for revenues and the associated expenditures for the activities of the Public Works Administration and Equipment Maintenance.

Community Development Support Services Fund - to account for the revenues and the associated expenditures of the Department of Community Development, consisting of planning, engineering, and building inspection. 142
ATTACHMENT 1
1254

NON-MAJOR SPECIAL REVENUE GOVERNMENTAL FUNDS (CONTINUED) Flood Program Support Fund - to account for the revenues and the associated expenditures of flood administration and management activities.

Economic Development Fund - The Economic Development Fund accounts for the revenues and expenditures associated with recruitment to the city of targeted industries and the retention and expansion of West Sacramento businesses.

RD811 Maintenance Fund - to account for the revenues and the associated expenditures of maintenance programs within Reclamation District 811.

Parking Improvement Fund - to account for the revenues and the associated expenditures of parking improvements within the City.

Bridge District IFD Fund - to account for the revenues and the associated expenditures of the Infrastructure Financing District established to fund improvements in the Bridge District.

Environmental Support Services Fund – to account for revenues and the associated expenditures of the Department of Community Development for environmental programs and activities, sustainability efforts, and regulatory permits and compliance.

Enhanced IFD Fund - to account for the revenues and the associated expenditures of the Infrastructure Financing District established to fund a portion of the cost of developing public facilities that will support new investment and redevelopment throughout the City.

Reclamation District 900 – to account for the revenues and the associated expenditures of programs within Reclamation District 900.

NON-MAJOR DEBT SERVICE FUNDS
The debt service funds are used to account for the accumulation of resources for, and payment of, general longterm debt principal and interest. The non-major debt service funds of the City are outlined as follows:
2011 Lease Revenue Bond Fund - to account for the accumulation of resources and payment of revenue bond principal and interest for an administrative facility.
2012 Pension Obligation Bonds Fund - to account for the refunding of the CALPERs side fund obligation related to the Police Safety plan and Fire Safety Plan. Annual debt service for the bond will be paid from this fund. 2012 Refunding Lease Revenue Refund Bonds Fund - to account for the refinancing of the 1997 City Hall Lease Revenue Bond and lower the annual debt service payment. Annual debt service for this obligation will be paid from this fund.

General Equipment Lease Fund - to account for expenditures related to the streetlight improvement project changing the current streetlights with high energy efficient LED lights. This project is funded from the loan proceeds received from PNC Financial Capital. The Accela lease was also added to this fund to account for expenditures related to the online permit system, Accela, from the loan proceeds received from U.S Bank Trust. 143
ATTACHMENT 1
1255

NON-MAJOR CAPITAL PROJECTS FUNDS
The capital projects funds are used to account for financial resources used for the acquisition or construction of major capital facilities. The non-major capital projects funds of the City are as follows:

Traffic Improvement Fund - to account for the construction of traffic improvements.

Park Improvement Fund - to account for revenues and the associated expenditures of the park impact fees specifically restricted for park acquisitions, construction and improvements.

Underground Improvements Fund - to account acquisition and construction of underground improvements.

General Facilities Improvements Fund - to account for revenues and the associated expenditures of funds specifically restricted to finance building and improvements associated with general municipal services.

Police Facility Impact Fees Fund - to account for revenues and the associated expenditures of the police impact fees specifically restricted acquisition and construction of police facilities.

Fire Facility Impact Fees Fund - to account for revenues and the associated expenditures of the fire impact fees specifically restricted acquisition and construction of fire facilities.

Childcare Impact Fees Fund - to account for revenues and the associated expenditures of the childcare impact fees specifically restricted acquisition and construction of childcare facilities.

City Hall Impact Fees Fund - to account for revenues and the associated expenditures of the City Hall impact fees specifically restricted acquisition and construction of City Hall.

Drainage Impact Fees Fund - to account for revenues and the associated expenditures of the storm drain impact fees specifically restricted for drain enhancement and maintenance projects.

Corporate Yard Impact Fees Fund - to account for revenues and the associated expenditures of the corporate yard impact fees specifically restricted acquisition and construction of the corporate yard.

Triangle/Bridge District Project Capital Projects Fund - to account for the construction of the infra- structure in the Bridge District.

Southport Mello-Roos Fund - to account for the acquisition and construction of improvements within the Southport Mello-Roos District from developer impact fees.

Flood Protection In Lieu Fund -to account for revenues and associated expenditures of flood protection fees restricted to finance the maintenance and construction of levee and storm drain in the City.

Bridge District Fund - to account for revenues and expenditures related to the infrastructure improvements in the Bridge District area of the City. The City received $23.0 million in Proposition 1C grant and formed a Community Facilities District No. 27 to fund the backbone infrastructure improvements.

Community Facilities Districts Capital Fund - to account for acquisition and construction activity of various community facilities districts of the City.

MAJOR CAPITAL PROJECTS FUNDS
City Capital Projects Fund – to account for future general capital projects of the City in one consolidated capital projects fund.
144
ATTACHMENT 1
1256
Combining Balance Sheet
Special Revenue Funds
Road Fund Transit Fund Cable Fund
General
Equipment
Improvements
Fund
ASSETS
Pooled cash and investments $ 1,659,955 $ 2,649,763 $ 1,059,305 $ 5,432,222 Receivables (net of allowance for uncollectible):

Accounts 498 64,134 26,249 13,576
Accrued interest 9,414 23,137 2,853 12,782
Due from other governments 255,660 - - -
Grants - 965,463 - -
Leases - - - -
Prepaid costs 335 - - 1,586,600
Advances to other funds - - - -
Restricted assets:

Cash with fiscal agent - - - 1,638,733
Total assets 1,925,862 3,702,497 1,088,407 8,683,913

LIABILITIES
Accounts payable 83,393 6,458 1,875 $ 43,293
Accrued liabilities 30,449 - - -
Unearned revenues 592,590 - - -
Deposits payable - - - -
Due to other governments - - - -
Due to other funds - - - -
Advances from other funds - - - -
Total liabilities 706,432 6,458 1,875 43,293

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - 282,318 - -
Leases - - - -
Total deferred inflows of resources - 282,318 - -

FUND BALANCES (DEFICITS)
Nonspendable 335 - - 1,586,600
Restricted 1,219,095 3,413,721 1,086,532 1,638,733
Committed - - - 5,415,287
Assigned - - - -
Unassigned - - - -
Total fund balances (deficits) 1,219,430 3,413,721 1,086,532 8,640,620 Total liabilities, deferred inflows, and fund
balances (deficits) $ 1,925,862 $ 3,702,497 $ 1,088,407 $ 8,683,913

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2025
145
ATTACHMENT 1
1257
Special Revenue Funds
Tree Mitigation
Improvements
Fund
Landscape
and Street
Lighting Fund
Storm Water
Maintenance
District Fund
RD 811
Maintenance
Fund
ASSETS
Pooled cash and investments $ 439,830 $ 10,089,709 $ 141,530 $ 1,043,190 Receivables (net of allowance for uncollectible):

Accounts 25 - - -
Accrued interest 1,038 23,338 558 2,461
Due from other governments - 369,598 603 -
Grants - - - -
Leases - - - -
Prepaid costs - 15,000 - -
Advances to other funds - - - -
Restricted assets:

Cash with fiscal agent - - - -
Total assets 440,893 10,497,645 142,691 1,045,651

LIABILITIES
Accounts payable $ 12,598 $ 405,961 $ 142,382 $ -
Accrued liabilities - - - -
Unearned revenues - 4,406 - -
Deposits payable - - - -
Due to other governments - - 309 -
Due to other funds - 101,341 - -
Advances from other funds - - - -
Total liabilities 12,598 511,708 142,691 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - 139,988 - -
Leases - - - -
Total deferred inflows of resources - 139,988 - -

FUND BALANCES (DEFICITS)
Nonspendable - 15,000 - -
Restricted 428,295 9,830,949 - 1,045,651
Committed - - - -
Assigned - - - -
Unassigned - - - -
Total fund balances (deficits) 428,295 9,845,949 - 1,045,651 Total liabilities, deferred inflows, and fund
balances (deficits) $ 440,893 $ 10,497,645 $ 142,691 $ 1,045,651

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
146
ATTACHMENT 1
1258
Special Revenue Funds
Special
Purpose Fund
Parking
Improvement
Fund
Public Safety
Fund
Public Art
Fund
ASSETS
Pooled cash and investments $ 2,859,116 $ 2,931,101 $ 1,798,300 $ 40,970 Receivables (net of allowance for uncollectible):

Accounts 350,514 18,005 - -
Accrued interest 151 13,941 - 97
Due from other governments - 4,653 5,959 -
Grants 897,391 - 336,475 -
Leases - 85,727 - -
Prepaid costs - 2 - -
Advances to other funds - - - -
Restricted assets:

Cash with fiscal agent 151,767 - - -
Total assets 4,258,939 3,053,429 2,140,734 41,067

LIABILITIES
Accounts payable $ 183,773 $ 30,374 $ 154,621 $ -
Accrued liabilities 38,868 48,458 - -
Unearned revenues 242,208 - 662,786 -
Deposits payable - - - -
Due to other governments - 2,463 750 -
Due to other funds 787,163 - 695,367 -
Advances from other funds - - - -
Total liabilities 1,252,012 81,295 1,513,524 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues 149,522 - 106,488 -
Leases - 80,223 - -
Total deferred inflows of resources 149,522 80,223 106,488 -

FUND BALANCES (DEFICITS)
Nonspendable - 2 - -
Restricted 2,470,291 2,891,909 511,366 41,067
Committed 57,301 - - -
Assigned 329,813 - 9,356 -
Unassigned - - - -
Total fund balances (deficits) 2,857,405 2,891,911 520,722 41,067 Total liabilities, deferred inflows, and fund
balances (deficits) $ 4,258,939 $ 3,053,429 $ 2,140,734 $ 41,067

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
147
ATTACHMENT 1
1259
Special Revenue Funds
Development
Trust Fund
Bridge District
IFD Fund
Enhanced IFD
Fund
Public Works
Support
Services Fund
ASSETS
Pooled cash and investments $ 1,751,385 $ 3,163,992 $ 375,680 $ 13,691 Receivables (net of allowance for uncollectible):

Accounts - - 255,335 108
Accrued interest - 5,195 18,415 347
Due from other governments - - - -
Grants - - - -
Leases - - - -
Prepaid costs - - - 168
Advances to other funds - - - -
Restricted assets:

Cash with fiscal agent - - - -
Total assets 1,751,385 3,169,187 649,430 14,314

LIABILITIES
Accounts payable $ - $ 3,878 $ 41,785 $ 5,909
Accrued liabilities - - - 487
Unearned revenues - - - -
Deposits payable - - - -
Due to other governments - - - -
Due to other funds - - - -
Advances from other funds - - - -
Total liabilities - 3,878 41,785 6,396

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - -
Leases - - - -
Total deferred inflows of resources - - - -

FUND BALANCES (DEFICITS)
Nonspendable - - - 168
Restricted - 3,165,309 607,645 7,750
Committed 1,751,385 - - -
Assigned - - - -
Unassigned - - - -
Total fund balances (deficits) 1,751,385 3,165,309 607,645 7,918 Total liabilities, deferred inflows, and fund
balances (deficits) $ 1,751,385 $ 3,169,187 $ 649,430 $ 14,314

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
148
ATTACHMENT 1
1260
Special Revenue Funds
Community
Development
Support
Services Fund
Flood
Program
Support Fund
Community
Development
Performance
Bond Support
Fund
Economic
Development
Fund
ASSETS
Pooled cash and investments $ 6,056,817 $ 36,446 $ 4,334,560 $ 20,416 Receivables (net of allowance for uncollectible):

Accounts 645,327 - - -
Accrued interest 15,458 - - 48
Due from other governments - - - -
Grants - - - -
Leases - - - -
Prepaid costs 1,140 1,924 - -
Advances to other funds - - - -
Restricted assets:

Cash with fiscal agent - - - -
Total assets 6,718,742 38,370 4,334,560 20,464

LIABILITIES
Accounts payable $ 406,917 $ 7,532 $ 62,739 $ -
Accrued liabilities 264,396 30,838 - -
Unearned revenues 792,708 - - -
Deposits payable 10,089 - 4,271,821 -
Due to other governments - - - -
Due to other funds - - - -
Advances from other funds - - - -
Total liabilities 1,474,110 38,370 4,334,560 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - -
Leases - - - -
Total deferred inflows of resources - - - -

FUND BALANCES (DEFICITS)
Nonspendable 1,140 1,924 - -
Restricted 5,243,492 - - 20,464
Committed - - - -
Assigned - - - -
Unassigned - (1,924) - -
Total fund balances (deficits) 5,244,632 - - 20,464
Total liabilities, deferred inflows, and fund
balances (deficits) $ 6,718,742 $ 38,370 $ 4,334,560 $ 20,464

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
149
ATTACHMENT 1
1261
Special Revenue Funds
Technology
Impact Fee
Fund
CDD Grants
Fund
Environmental
Support Services
Fund
Reclamation
District 900
ASSETS
Pooled cash and investments $ 725,470 $ 159,432 $ 19,802 $ 15,687,651 Receivables (net of allowance for uncollectible):

Accounts - 1,689 - 59,124
Accrued interest 1,700 - - -
Due from other governments - - - -
Grants - - - -
Leases - - - -
Prepaid costs - - - 141,113
Advances to other funds - - - -
Restricted assets:

Cash with fiscal agent - - - -
Total assets 727,170 161,121 19,802 15,887,888

LIABILITIES
Accounts payable $ 5,063 $ 24,984 $ 2,021 $ 125,873
Accrued liabilities - - 11,999 11,596
Unearned revenues - 57,996 - 2,316
Deposits payable - - - -
Due to other governments - - - -
Due to other funds - 31,810 - -
Advances from other funds - - - -
Total liabilities 5,063 114,790 14,020 139,785

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - 48,485
Leases - - - -
Total deferred inflows of resources - - - 48,485

FUND BALANCES (DEFICITS)
Nonspendable - - - 141,113
Restricted 722,107 32,163 5,782 15,558,505
Committed - 14,168 - -
Assigned - - - -
Unassigned - - - -
Total fund balances (deficits) 722,107 46,331 5,782 15,699,618 Total liabilities, deferred inflows, and fund
balances (deficits) $ 727,170 $ 161,121 $ 19,802 $ 15,887,888

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
150
ATTACHMENT 1
1262
Capital Projects Funds
Traffic
Improvements
General
Facilities
Park
Improvement
Underground
Improvements
Fund
ASSETS
Pooled cash and investments $ 5,407,333 $ 1,258,522 $ 9,393,461 $ 70,621 Receivables (net of allowance for uncollectible):

Accounts - - - -
Accrued interest 13,362 9,215 34,850 166
Due from other governments - - - -
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Advances to other funds 5,363,492 4,189,042 - -
Restricted assets:

Cash with fiscal agent - - - -
Total assets 10,784,187 5,456,779 9,428,311 70,787

LIABILITIES
Accounts payable $ - $ - $ - $ -
Accrued liabilities - - - -
Unearned revenues - - - -
Deposits payable - - - -
Due to other governments - - - -
Due to other funds - - - -
Advances from other funds - - 5,363,492 -
Total liabilities - - 5,363,492 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - -
Leases - - - -
Total deferred inflows of resources - - - -

FUND BALANCES (DEFICITS)
Nonspendable 5,363,492 4,189,042 - -
Restricted 5,420,695 - 4,064,819 70,787
Committed - 1,267,737 - -
Assigned - - - -
Unassigned - - - -
Total fund balances (deficits) 10,784,187 5,456,779 4,064,819 70,787 Total liabilities, deferred inflows, and fund
balances (deficits) $ 10,784,187 $ 5,456,779 $ 9,428,311 $ 70,787

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
151
ATTACHMENT 1
1263
Capital Projects Funds
Police Facility
Impact Fees
Fire Facility
Impact Fees
Childcare
Impact Fees
City Hall
Impact Fees
ASSETS
Pooled cash and investments $ 392,553 $ 12,041 $ 815,276 $ 939,325 Receivables (net of allowance for uncollectible):

Accounts - - - -
Accrued interest - 217 1,916 2,204
Due from other governments - - - -
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Advances to other funds 1,887,045 - - -
Restricted assets:

Cash with fiscal agent - - - -
Total assets 2,279,598 12,258 817,192 941,529

LIABILITIES
Accounts payable $ 5,795 $ - $ - -
Accrued liabilities - - - -
Unearned revenues - - - -
Deposits payable - - - -
Due to other governments - - - -
Due to other funds - 9,301 - -
Advances from other funds - 2,137,438 - -
Total liabilities 5,795 2,146,739 - -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - -
Leases - - - -
Total deferred inflows of resources - - - -

FUND BALANCES (DEFICITS)
Nonspendable 1,887,045 - - -
Restricted 386,758 - 817,192 941,529
Committed - - - -
Assigned - - - -
Unassigned - (2,134,481) - -
Total fund balances (deficits) 2,273,803 (2,134,481) 817,192 941,529 Total liabilities, deferred inflows, and fund
balances (deficits) $ 2,279,598 $ 12,258 $ 817,192 $ 941,529

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
152
ATTACHMENT 1
1264
Capital Projects Funds
Drainage
Impact Fees
Corp Yard
Impact Fees
Flood In-Lieu
Fees
Triangle/
Bridge District
Capital Fund
ASSETS
Pooled cash and investments $ 3,048,630 $ - $ 10,171,857 $ 5,641,961 Receivables (net of allowance for uncollectible):

Accounts - - - -
Accrued interest 7,161 151 33,322 13,408
Due from other governments - - - -
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Advances to other funds - - - -
Restricted assets:

Cash with fiscal agent - - - -
Total assets 3,055,791 151 10,205,179 5,655,369

LIABILITIES
Accounts payable $ - $ - $ - $ 482,962
Accrued liabilities - - - -
Unearned revenues - - - -
Deposits payable - - - -
Due to other governments - - - -
Due to other funds - 73,933 - -
Advances from other funds - 3,214,080 - -
Total liabilities - 3,288,013 - 482,962

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - 22
Leases - - - -
Total deferred inflows of resources - - - 22

FUND BALANCES (DEFICITS)
Nonspendable - - - -
Restricted 3,055,791 - 10,205,179 5,172,385
Committed - - - -
Assigned - - - -
Unassigned - (3,287,862) - -
Total fund balances (deficits) 3,055,791 (3,287,862) 10,205,179 5,172,385 Total liabilities, deferred inflows, and fund
balances (deficits) $ 3,055,791 $ 151 $ 10,205,179 $ 5,655,369

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
153
ATTACHMENT 1
1265
Capital Projects Funds
Debt Service
Funds
Southport
Mello-Roos
B.D.

Development
Fees
Community
Facilities
District Fund
2012 Pension
Obligation
Bonds
ASSETS
Pooled cash and investments $ 3,389,089 $ 704,358 $ 2,280,787 $ - Receivables (net of allowance for uncollectible):

Accounts - - - -
Accrued interest 7,968 1,657 5,361 -
Due from other governments - - - -
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Advances to other funds - - - -
Restricted assets:

Cash with fiscal agent - - 10,646 -
Total assets 3,397,057 706,015 2,296,794 -

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - -
Leases - - - -
Total deferred inflows of resources - - - -

FUND BALANCES (DEFICITS)
Nonspendable - - - -
Restricted 3,397,057 706,015 2,296,794 -
Committed - - - -
Assigned - - - -
Unassigned - - - -
Total fund balances (deficits) 3,397,057 706,015 2,296,794 - Total liabilities, deferred inflows, and fund
balances (deficits) $ 3,397,057 $ 706,015 $ 2,296,794 $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
154
ATTACHMENT 1
1266
Debt Service Funds
2012
Refunding
Lease Revenue
Bonds
2011 Lease
Revenue
Refunding
Bonds
General
Equipment
Lease
Total
Nonmajor
Funds
ASSETS
Pooled cash and investments $ - $ - $ 879,694 $ 106,895,841 Receivables (net of allowance for uncollectible):

Accounts - - - 1,434,584
Accrued interest - - - 261,891
Due from other governments - - - 636,473
Grants - - - 2,199,329
Leases - - - 85,727
Prepaid costs - - - 1,746,282
Advances to other funds - - - 11,439,579
Restricted assets:

Cash with fiscal agent - - - 1,801,146
Total assets - - 879,694 126,500,852

LIABILITIES
Accounts payable $ - $ - $ - $ 2,240,186
Accrued liabilities - - - 437,091
Unearned revenues - - - 2,355,010
Deposits payable - - - 4,281,910
Due to other governments - - - 3,522
Due to other funds - - - 1,698,915
Advances from other funds - - - 10,715,010
Total liabilities - - - 21,731,644

DEFERRED INFLOWS OF RESOURCES
Unavailable revenues - - - 726,823
Leases - - - 80,223
Total deferred inflows of resources - - - 807,046

FUND BALANCES (DEFICITS)
Nonspendable - - - 13,185,861
Restricted - - 879,694 87,355,521
Committed - - - 8,505,878
Assigned - - - 339,169
Unassigned - - - (5,424,267)
Total fund balances (deficits) - - 879,694 103,962,162
Total liabilities, deferred inflows, and fund
balances (deficits) $ - $ - $ 879,694 $ 126,500,852

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Balance Sheet (Continued)
Nonmajor Governmental Funds
June 30, 2025
155
ATTACHMENT 1
1267
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Special Revenue Funds
Formerly
Nonmajor
Fund
HCD - Block
Grant Road Fund Transit Fund Cable Fund

REVENUES
Taxes $ - $ - $ - $ -
Licenses and permits - - - -
Intergovernmental - 3,019,142 4,894,462 -
Contributions from property owners - - - -
Charges for services - 13,078 - 111,883
Use of money and property - 177,309 143,863 54,429
Fines and forfeitures - - - -
Miscellaneous - - 1,106,752 -
Total revenues - 3,209,529 6,145,077 166,312

EXPENDITURES
Current:

General government - - - 22,992
Public safety - - - -
Community development - - 6,142,782 -
Housing rehabilitation - - - -
Culture and recreation - - - -
Public works - 849,112 - -
Landscape and street lighting - - - -
Capital outlay - 74,355 - -
Debt service:

Principal retirement - 6,138 - -
Interest expenses and fiscal charges - 468 - -
Total expenditures - 930,073 6,142,782 22,992
Excess (deficiency) of revenues
over (under) expenditures - 2,279,456 2,295 143,320

OTHER FINANCING SOURCES (USES)
Transfers in - 13,617 3,160,368 5,132
Transfers out - (3,901,853) (260,393) (152,982)
Subscriptions issuance - - - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) - (3,888,236) 2,899,975 (147,850) Net change in fund balances - (1,608,780) 2,902,270 (4,530) Fund balances-beginning 31,853,419 2,828,210 511,451 1,091,062 Restatements - changes to reporting entity (31,853,419) - - - Fund balances (deficit)-beginning - 2,828,210 511,451 1,091,062 Fund balances (deficit)-ending $ - $ 1,219,430 $ 3,413,721 $ 1,086,532

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Nonmajor Governmental Funds
For the Year Ended June 30, 2025
156
ATTACHMENT 1
1268
Special Revenue Funds
General
Equipment
Improvements
Fund
Tree Mitigation
Improvements
Fund
Landscape and
Street Lighting
Fund
Storm Water
Maintenance
District Fund

REVENUES
Taxes $ - $ - $ - $ -
Licenses and permits - 50,475 - -
Intergovernmental - - - -
Contributions from property owners - - - -
Charges for services - - 4,465,190 11,866
Use of money and property 268,545 20,175 424,933 5,736
Fines and forfeitures - - 11,500 31
Miscellaneous - - - -
Total revenues 268,545 70,650 4,901,623 17,633

EXPENDITURES
Current:

General government 1,646 - - -
Public safety 60,221 - - -
Community development - - - 73,232
Housing rehabilitation - - - -
Culture and recreation 31,004 30,532 - -
Public works - - - 467,646
Landscape and street lighting - - 4,462,809 -
Capital outlay 625,007 - 75,074 155,234
Debt service:

Principal retirement - - - 593
Interest expenses and fiscal charges - - - 45
Total expenditures 717,878 30,532 4,537,883 696,750
Excess (deficiency) of revenues
over (under) expenditures (449,333) 40,118 363,740 (679,117)

OTHER FINANCING SOURCES (USES)
Transfers in 674,730 - 1,154,071 1,046,868
Transfers out - (2,327) (638,454) (364,793)
Subscriptions issuance - - - -
Proceeds from sale of capital assets 28,218 - - -
Total other financing sources (uses) 702,948 (2,327) 515,617 682,075 Net change in fund balances 253,615 37,791 879,357 2,958 Fund balances-beginning 8,387,005 390,504 8,966,592 (2,958) Restatements - changes to reporting entity - - - -
Fund balances (deficit)-beginning 8,387,005 390,504 8,966,592 (2,958) Fund balances (deficit)-ending $ 8,640,620 $ 428,295 $ 9,845,949 $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
157
ATTACHMENT 1
1269
Special Revenue Funds
RD 811
Maintenance
Fund
Special
Purpose Fund
Parking
Improvement
Fund
Public Safety
Fund

REVENUES
Taxes $ - $ - $ - $ -
Licenses and permits - - 603,462 -
Intergovernmental - 3,956,418 - 854,174
Contributions from property owners 67,043 497,484 - -
Charges for services - 173,204 25,065 12,754
Use of money and property 47,118 37,828 142,010 9,972
Fines and forfeitures - 7,000 63,052 -
Miscellaneous - 1,344,274 166,691 7,408
Total revenues 114,161 6,016,208 1,000,280 884,308

EXPENDITURES
Current:

General government - 1,015,251 648,727 -
Public safety - - - 1,075,049
Community development - 354,406 - -
Housing rehabilitation - 1,311,199 - -
Culture and recreation - 1,403,165 - -
Public works 24,060 - - -
Landscape and street lighting - - - -
Capital outlay - 121,117 - 31,103
Debt service:

Principal retirement - - - 10,747
Interest expenses and fiscal charges - 306 - 253
Total expenditures 24,060 4,205,444 648,727 1,117,152
Excess (deficiency) of revenues
over (under) expenditures 90,101 1,810,764 351,553 (232,844)

OTHER FINANCING SOURCES (USES)
Transfers in - 316,047 70,726 2,004
Transfers out (22) (681,153) (403,854) -
Subscriptions issuance - - - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) (22) (365,106) (333,128) 2,004 Net change in fund balances 90,079 1,445,658 18,425 (230,840) Fund balances-beginning 955,572 2,546,783 2,873,486 751,562 Restatements - changes to reporting entity - (1,135,036) - - Fund balances (deficit)-beginning 955,572 1,411,747 2,873,486 751,562 Fund balances (deficit)-ending $ 1,045,651 $ 2,857,405 $ 2,891,911 $ 520,722

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
158
ATTACHMENT 1
1270
Special Revenue Funds
Public Art
Fund
Development
Trust Fund
Bridge District
IFD Fund
Enhanced IFD
Fund

REVENUES
Taxes $ - $ - $ 959,720 $ -
Licenses and permits - - - -
Intergovernmental - - - -
Contributions from property owners - - - -
Charges for services - - - -
Use of money and property 2,003 - 100,470 365,643
Fines and forfeitures - - - -
Miscellaneous - - - 263,481
Total revenues 2,003 - 1,060,190 629,124

EXPENDITURES
Current:

General government - - - -
Public safety - - - -
Community development - 31,363 172,824 298,967
Housing rehabilitation - - - -
Culture and recreation 1,100 - - -
Public works - - - -
Landscape and street lighting - - - -
Capital outlay - - - -
Debt service:

Principal retirement - - - -
Interest expenses and fiscal charges - - - -
Total expenditures 1,100 31,363 172,824 298,967
Excess (deficiency) of revenues
over (under) expenditures 903 (31,363) 887,366 330,157

OTHER FINANCING SOURCES (USES)
Transfers in - 400,000 - -
Transfers out (309) (2,403) (3,499) (7,650,000)
Subscriptions issuance - - - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) (309) 397,597 (3,499) (7,650,000) Net change in fund balances 594 366,234 883,867 (7,319,843) Fund balances-beginning 40,473 1,385,151 2,281,442 7,927,488 Restatements - changes to reporting entity - - - -
Fund balances (deficit)-beginning 40,473 1,385,151 2,281,442 7,927,488 Fund balances (deficit)-ending $ 41,067 $ 1,751,385 $ 3,165,309 $ 607,645

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
159
ATTACHMENT 1
1271
Special Revenue Funds
Public Works
Support
Services Fund
Community
Development
Support
Services Fund
Flood Program
Support Fund
Community
Development
Performance
Bond Support
Fund

REVENUES
Taxes $ - $ - $ - $ -
Licenses and permits - 1,512,026 - -
Intergovernmental - - - -
Contributions from property owners - - 147,383 -
Charges for services 144,345 3,269,949 801,731 -
Use of money and property 1,204 328,666 - -
Fines and forfeitures - 123 - -
Miscellaneous 4,456 33,856 - -
Total revenues 150,005 5,144,620 949,114 -

EXPENDITURES
Current:

General government - - - -
Public safety - - - -
Community development - 5,517,435 - -
Housing rehabilitation - - - -
Culture and recreation - - - -
Public works 805,610 - 665,061 -
Landscape and street lighting - - - -
Capital outlay - 110,695 - -
Debt service:

Principal retirement 4,477 48,695 - -
Interest expenses and fiscal charges 368 1,305 - -
Total expenditures 810,455 5,678,130 665,061 -
Excess (deficiency) of revenues
over (under) expenditures (660,450) (533,510) 284,053 -

OTHER FINANCING SOURCES (USES)
Transfers in 668,610 318,601 - -
Transfers out - (915,275) (283,678) -
Subscriptions issuance - 110,695 - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) 668,610 (485,979) (283,678) - Net change in fund balances 8,160 (1,019,489) 375 -
Fund balances-beginning (242) 6,264,121 (375) -
Restatements - changes to reporting entity - - - -
Fund balances (deficit)-beginning (242) 6,264,121 (375) - Fund balances (deficit)-ending $ 7,918 $ 5,244,632 $ - $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
160
ATTACHMENT 1
1272
Special Revenue Funds
Economic
Development
Fund
Technology
Impact Fee
Fund
CDD Grants
Fund
Environmental
Support
Services Fund

REVENUES
Taxes $ - $ - $ - $ -
Licenses and permits - - - -
Intergovernmental - - 57,700 -
Contributions from property owners - - - -
Charges for services - 125,964 - -
Use of money and property 956 35,419 - (9,686)
Fines and forfeitures - - - -
Miscellaneous - - 7,447 -
Total revenues 956 161,383 65,147 (9,686)

EXPENDITURES
Current:

General government - 140,232 - -
Public safety - - - -
Community development - - 35,839 694,577
Housing rehabilitation 6 - - -
Culture and recreation - - - -
Public works - - - -
Landscape and street lighting - - - -
Capital outlay - - - -
Debt service:

Principal retirement - - - -
Interest expenses and fiscal charges - - - -
Total expenditures 6 140,232 35,839 694,577
Excess (deficiency) of revenues
over (under) expenditures 950 21,151 29,308 (704,263)

OTHER FINANCING SOURCES (USES)
Transfers in - - - 709,950
Transfers out - (5,613) - (251)
Subscriptions issuance - - - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) - (5,613) - 709,699 Net change in fund balances 950 15,538 29,308 5,436
Fund balances-beginning 19,514 706,569 17,023 346
Restatements - changes to reporting entity - - - -
Fund balances (deficit)-beginning 19,514 706,569 17,023 346 Fund balances (deficit)-ending $ 20,464 $ 722,107 $ 46,331 $ 5,782

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
161
ATTACHMENT 1
1273
Special
Revenue
Funds Capital Projects Funds
Reclamation
District 900
Traffic
Improvements
General
Facilities
Park
Improvement

REVENUES
Taxes $ 2,710,208 $ - $ - $ -
Licenses and permits - 1,168,779 - 563,458
Intergovernmental 822,479 - - -
Contributions from property owners 862,548 - - -
Charges for services - - - -
Use of money and property 704,380 480,040 367,282 749,085 Fines and forfeitures - - - -
Miscellaneous 4,906 - - -
Total revenues 5,104,521 1,648,819 367,282 1,312,543

EXPENDITURES
Current:

General government 759,004 - 1,187 -
Public safety - - - -
Community development - - - -
Housing rehabilitation - - - -
Culture and recreation - - - 4,488
Public works 1,464,349 1,721 - -
Landscape and street lighting - - - -
Capital outlay 883,950 - - -
Debt service:

Principal retirement - - - -
Interest expenses and fiscal charges - - - 236,588
Total expenditures 3,107,303 1,721 1,187 241,076
Excess (deficiency) of revenues
over (under) expenditures 1,997,218 1,647,098 366,095 1,071,467

OTHER FINANCING SOURCES (USES)
Transfers in - 204,130 1,096,749 -
Transfers out - (573,851) (3,217,700) (6,840,238)
Subscriptions issuance - - - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) - (369,721) (2,120,951) (6,840,238) Net change in fund balances 1,997,218 1,277,377 (1,754,856) (5,768,771) Fund balances-beginning 13,702,400 9,506,810 7,211,635 9,833,590 Restatements - changes to reporting entity - - - -
Fund balances (deficit)-beginning 13,702,400 9,506,810 7,211,635 9,833,590 Fund balances (deficit)-ending $ 15,699,618 $ 10,784,187 $ 5,456,779 $ 4,064,819

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
162
ATTACHMENT 1
1274
Capital Projects Funds
Underground
Improvements
Fund
Police Facility
Impact Fees
Fire Facility
Impact Fees
Childcare
Impact Fees

REVENUES
Taxes $ - $ - $ - $ -
Licenses and permits - 94,162 95,126 11,658
Intergovernmental - - - -
Contributions from property owners - - - -
Charges for services - - - -
Use of money and property 3,308 27,741 7,041 37,785
Fines and forfeitures - - - -
Miscellaneous - - - -
Total revenues 3,308 121,903 102,167 49,443

EXPENDITURES
Current:

General government - - - -
Public safety - - 28 -
Community development - - - -
Housing rehabilitation - - - -
Culture and recreation - - - 4,756
Public works 21 - - -
Landscape and street lighting - - - -
Capital outlay - - - -
Debt service:

Principal retirement - - - -
Interest expenses and fiscal charges - - 94,284 -
Total expenditures 21 - 94,312 4,756
Excess (deficiency) of revenues
over (under) expenditures 3,287 121,903 7,855 44,687

OTHER FINANCING SOURCES (USES)
Transfers in - 2,732,045 - 426
Transfers out - (866,025) - (90)
Subscriptions issuance - - - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) - 1,866,020 - 336
Net change in fund balances 3,287 1,987,923 7,855 45,023 Fund balances-beginning 67,500 285,880 (2,142,336) 772,169 Restatements - changes to reporting entity - - - -
Fund balances (deficit)-beginning 67,500 285,880 (2,142,336) 772,169 Fund balances (deficit)-ending $ 70,787 $ 2,273,803 $ (2,134,481) $ 817,192

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
163
ATTACHMENT 1
1275
Capital Projects Funds
City Hall
Impact Fees
Drainage
Impact Fees
Corp Yard
Impact Fees
Flood In-Lieu
Fees

REVENUES
Taxes $ - $ - $ - $ -
Licenses and permits 52,156 256,750 71,261 385,905
Intergovernmental - - - -
Contributions from property owners - - - -
Charges for services - - - -
Use of money and property 42,225 136,985 3,724 653,920
Fines and forfeitures - - - -
Miscellaneous - - - -
Total revenues 94,381 393,735 74,985 1,039,825

EXPENDITURES
Current:

General government 6,813 - - -
Public safety - - - -
Community development - - - -
Housing rehabilitation - - - -
Culture and recreation - - - -
Public works - 922 4,427 4,004,291
Landscape and street lighting - - - -
Capital outlay - - - -
Debt service:

Principal retirement - - - -
Interest expenses and fiscal charges - - 141,776 -
Total expenditures 6,813 922 146,203 4,004,291
Excess (deficiency) of revenues
over (under) expenditures 87,568 392,813 (71,218) (2,964,466)

OTHER FINANCING SOURCES (USES)
Transfers in 20,758 - - -
Transfers out - - (355) (6,014)
Subscriptions issuance - - - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) 20,758 - (355) (6,014) Net change in fund balances 108,326 392,813 (71,573) (2,970,480) Fund balances-beginning 833,203 2,662,978 (3,216,289) 13,175,659 Restatements - changes to reporting entity - - - -
Fund balances (deficit)-beginning 833,203 2,662,978 (3,216,289) 13,175,659 Fund balances (deficit)-ending $ 941,529 $ 3,055,791 $ (3,287,862) $ 10,205,179

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
164
ATTACHMENT 1
1276
Capital Projects Funds
Triangle/Bridge
District Capital
Fund
Southport
Mello-Roos
B.D.

Development
Fees
Community
Facilities
District Fund

REVENUES
Taxes $ - $ - $ - $ -
Licenses and permits - 2,785 - -
Intergovernmental 73,620 - - -
Contributions from property owners - - - -
Charges for services - - - -
Use of money and property 177,021 158,596 32,987 285,250 Fines and forfeitures - - - -
Miscellaneous - - - -
Total revenues 250,641 161,381 32,987 285,250

EXPENDITURES
Current:

General government - - - -
Public safety - - - -
Community development - 1,026 213 -
Housing rehabilitation - - - -
Culture and recreation - - - -
Public works 840,215 - - 4,545,119
Landscape and street lighting - - - -
Capital outlay - - - -
Debt service:

Principal retirement - - - -
Interest expenses and fiscal charges - - - -
Total expenditures 840,215 1,026 213 4,545,119
Excess (deficiency) of revenues
over (under) expenditures (589,574) 160,355 32,774 (4,259,869)

OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Transfers out (3,160,368) (176) - -
Subscriptions issuance 4,544,046 - - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) 1,383,678 (176) - - Net change in fund balances 794,104 160,179 32,774 (4,259,869) Fund balances-beginning 4,378,281 3,236,878 673,241 6,556,663 Change within reporting entity - - - -
Restatements - changes to reporting entity - - - -
Fund balances (deficit)-beginning 4,378,281 3,236,878 673,241 6,556,663 Fund balances (deficit)-ending $ 5,172,385 $ 3,397,057 $ 706,015 $ 2,296,794

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
165
ATTACHMENT 1
1277
Debt Service Funds
2012 Pension
Obligation
Bonds
2012
Refunding
Lease Revenue
Bonds
2011 Lease
Revenue
Refunding
Bonds
General
Equipment
Lease

REVENUES
Taxes $ - $ - $ - $ -
Licenses and permits - - - -
Intergovernmental - - - -
Contributions from property owners - - - -
Charges for services - - - -
Use of money and property 16 8,969 257 15,120
Fines and forfeitures - - - -
Miscellaneous - - - -
Total revenues 16 8,969 257 15,120

EXPENDITURES
Current:

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

Principal retirement - - - 794,583
Interest expenses and fiscal charges - - - 161,328
Total expenditures - - - 955,911
Excess (deficiency) of revenues
over (under) expenditures 16 8,969 257 (940,791)

OTHER FINANCING SOURCES (USES)
Transfers in 18 9,503 271 1,272,139
Transfers out - - - -
Subscriptions issuance - - - -
Proceeds from sale of capital assets - - - -
Total other financing sources (uses) 18 9,503 271 1,272,139 Net change in fund balances 34 18,472 528 331,348
Fund balances-beginning (34) (18,472) (528) 548,346
Restatements - changes to reporting entity - - - -
Fund balances (deficit)-beginning (34) (18,472) (528) 548,346 Fund balances (deficit)-ending $ - $ - $ - $ 879,694

REVENUES
Taxes $ 3,669,928
Licenses and permits 4,868,003
Intergovernmental 13,677,995
Contributions from property owners 1,574,458
Charges for services 9,155,029
Use of money and property 6,048,325
Fines and forfeitures 81,706
Miscellaneous 2,939,271
Total revenues 42,014,715

EXPENDITURES
Current:

General government 2,595,852
Public safety 1,135,298
Community development 13,322,664
Housing rehabilitation 1,311,205
Culture and recreation 1,475,045
Public works 13,672,554
Landscape and street lighting 4,462,809
Capital outlay 2,076,535
Debt service:

Principal retirement 865,233
Interest expenses and fiscal charges 636,721
Total expenditures 41,553,916
Excess (deficiency) of revenues
over (under) expenditures 460,799

OTHER FINANCING SOURCES (USES)
Transfers in 13,876,763
Transfers out (29,931,676)
Subscriptions issuance 4,654,741
Proceeds from sale of capital assets 28,218
Total other financing sources (uses) (11,371,954)
Net change in fund balances (10,911,155)
Fund balances-beginning 147,861,772
Restatements - changes to reporting entity (32,988,455) Fund balances (deficit)-beginning 114,873,317
Fund balances (deficit)-ending $ 103,962,162

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances (Continued) Nonmajor Governmental Funds
For the Year Ended June 30, 2025
167
ATTACHMENT 1
1279
Budgetary Comparison Schedules
168
ATTACHMENT 1
1280
City Capital Projects Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Contributions from property owners - 313,723 - (313,723) Intergovernmental 13,030,157 15,220,609 7,678,566 (7,542,043) Charges for services - - - -
Use of money and property - - 2,382,178 2,382,178
Miscellaneous - 129,885 1,720 (128,165)
Total revenues 13,030,157 15,664,217 10,062,464 (5,601,753)

EXPENDITURES
Current:

Public works 59,116,347 65,359,821 10,099,807 55,260,014 Capital outlay - - 27,979,041 (27,979,041)
Total expenditures 59,116,347 65,359,821 38,078,848 27,280,973 Excess (deficiency) of revenues
over (under) expenditures (46,086,190) (49,695,604) (28,016,384) 21,679,220

OTHER FINANCING SOURCES (USES)
Transfers in 44,186,238 60,198,585 45,914,674 (14,283,911) Transfers out - (4,644,989) (2,383,175) 2,261,814
Total other financing sources (uses) 44,186,238 55,553,596 43,531,499 (12,022,097) Net change in fund balances $ (1,899,952) $ 5,857,992 15,515,115 $ 9,657,123 Fund balances-beginning 57,786,093
Fund balances-ending $ 73,301,208

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual City Capital Projects Fund
For the Year Ended June 30, 2025
169
ATTACHMENT 1
1281
Road Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Contributions from property owners $ - $ 569,798 $ - $ (569,798) Intergovernmental 2,920,738 2,920,738 3,019,142 98,404
Charges for services - - 13,078 13,078
Use of money and property - - 177,309 177,309
Total revenues 2,920,738 3,490,536 3,209,529 (281,007)

EXPENDITURES
Current:

Public works 1,247,527 1,352,624 849,112 503,512
Capital outlay - - 74,355 (74,355)
Debt service:

Principal retirement - 6,138 6,138 -
Interest expenses and fiscal charges - 468 468 -
Total expenditures 1,247,527 1,359,230 930,073 429,157
Excess (deficiency) of revenues
over (under) expenditures 1,673,211 2,131,306 2,279,456 148,150

OTHER FINANCING SOURCES (USES)
Transfers in - 13,617 13,617 -
Transfers out (3,626,511) (3,901,853) (3,901,853) -
Total other financing sources (uses) (3,626,511) (3,888,236) (3,888,236) - Net change in fund balances $ (1,953,300) $ (1,756,930) (1,608,780) $ 148,150 Fund balances-beginning 2,828,210
Fund balances-ending $ 1,219,430

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Road Fund
For the Year Ended June 30, 2025
170
ATTACHMENT 1
1282
Transit Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Intergovernmental $ 4,000,000 $ 5,246,396 $ 4,894,462 $ (351,934) Use of money and property - - 143,863 143,863
Miscellaneous - 1,123,219 1,106,752 (16,467)
Total revenues 4,000,000 6,369,615 6,145,077 (224,538)

EXPENDITURES
Current:

Community development 2,693,517 9,075,645 6,142,782 2,932,863 Total expenditures 2,693,517 9,075,645 6,142,782 2,932,863 Excess (deficiency) of revenues
over (under) expenditures 1,306,483 (2,706,030) 2,295 2,708,325

OTHER FINANCING SOURCES (USES)
Transfers in - 3,160,368 3,160,368 -
Transfers out (27,972) (260,393) (260,393) -
Total other financing sources (uses) (27,972) 2,899,975 2,899,975 - Net change in fund balances $ 1,278,511 $ 193,945 2,902,270 $ 2,708,325 Fund balances-beginning 511,451
Fund balances-ending $ 3,413,721

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Transit Fund
For the Year Ended June 30, 2025
171
ATTACHMENT 1
1283
Cable Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Charges for services $ 175,000 $ 175,000 $ 111,883 $ (63,117) Use of money and property - - 54,429 54,429
Total revenues 175,000 175,000 166,312 (8,688)

EXPENDITURES
Current:

General government 60,000 60,000 22,992 37,008
Total expenditures 60,000 60,000 22,992 37,008
Excess (deficiency) of revenues
over (under) expenditures 115,000 115,000 143,320 28,320

OTHER FINANCING SOURCES (USES)
Transfers in - 5,132 5,132 -
Transfers out (152,944) (152,982) (152,982) -
Total other financing sources (uses) (152,944) (147,850) (147,850) - Net change in fund balance $ (37,944) $ (32,850) (4,530) $ 28,320 Fund balances-beginning 1,091,062
Fund balances-ending $ 1,086,532

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Cable Fund
For the Year Ended June 30, 2025
172
ATTACHMENT 1
1284
General Equipment Improvements Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property $ - $ - $ 268,545 $ 268,545
Total revenues - - 268,545 268,545

EXPENDITURES
Current:

General government - - 1,646 (1,646)
Public safety 674,730 1,500,781 60,221 1,440,560
Culture and recreation 40,340 147,057 31,004 116,053
Capital outlay - - 625,007 (625,007)
Total expenditures 715,070 1,647,838 717,878 929,960
Excess (deficiency) of revenues
over (under) expenditures (715,070) (1,647,838) (449,333) 1,198,505

OTHER FINANCING SOURCES (USES)
Transfers in 674,730 674,730 674,730 -
Proceeds from sale of capital assets - 28,218 28,218 -
Total other financing sources (uses) 674,730 702,948 702,948 - Net change in fund balances $ (40,340) $ (944,890) 253,615 $ 1,198,505 Fund balances-beginning 8,387,005
Fund balances-ending $ 8,640,620

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual General Equipment Improvements Fund
For the Year Ended June 30, 2025
173
ATTACHMENT 1
1285
Tree Mitigation Improvements Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ 1,500 $ 1,500 $ 50,475 $ 48,975
Use of money and property - - 20,175 20,175
Total revenues 1,500 1,500 70,650 69,150

EXPENDITURES
Current:

Culture and recreation 88,728 92,598 30,532 62,066
Total expenditures 88,728 92,598 30,532 62,066
Excess (deficiency) of revenues
over (under) expenditures (87,228) (91,098) 40,118 131,216

OTHER FINANCING SOURCES (USES)
Transfers out (2,379) (2,327) (2,327) -
Total other financing sources (uses) (2,379) (2,327) (2,327) - Net change in fund balances $ (89,607) $ (93,425) 37,791 $ 131,216 Fund balances-beginning 390,504
Fund balances-ending $ 428,295

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Tree Mitigation Improvements Fund
For the Year Ended June 30, 2025
174
ATTACHMENT 1
1286
Landscape and Street Lighting Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Charges for services $ 4,378,024 $ 4,378,024 $ 4,465,190 $ 87,166 Use of money and property - - 424,933 424,933
Fines and forfeitures - - 11,500 11,500
Total revenues 4,378,024 4,378,024 4,901,623 523,599

EXPENDITURES
Current:

Landscape and street lighting 5,267,732 5,481,957 4,462,809 1,019,148 Capital outlay - - 75,074 (75,074)
Total expenditures 5,267,732 5,481,957 4,537,883 944,074 Excess (deficiency) of revenues
over (under) expenditures (889,708) (1,103,933) 363,740 1,467,673

OTHER FINANCING SOURCES (USES)
Transfers in 1,010,126 1,154,071 1,154,071 -
Transfers out (445,087) (638,454) (638,454) -
Total other financing sources (uses) 565,039 515,617 515,617 - Net change in fund balances $ (324,669) $ (588,316) 879,357 $ 1,467,673 Fund balances-beginning 8,966,592
Fund balances-ending $ 9,845,949

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Landscape and Street Lighting Fund
For the Year Ended June 30, 2025
175
ATTACHMENT 1
1287
Storm Water Maintenance District Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Charges for services $ 12,500 $ 12,500 $ 11,866 $ (634) Use of money and property - - 5,736 5,736
Fines and forfeitures - - 31 31
Total revenues 12,500 12,500 17,633 5,133

EXPENDITURES
Current:

Community development 86,134 86,234 73,232 13,002
Public works 624,139 707,952 467,646 240,306
Capital outlay - - 155,234 (155,234)
Debt service:

Principal retirement - 593 593 -
Interest expenses and fiscal charges - 45 45 -
Total expenditures 710,273 794,824 696,750 98,074
Excess (deficiency) of revenues
over (under) expenditures (697,773) (782,324) (679,117) 103,207

OTHER FINANCING SOURCES (USES)
Transfers in 1,161,150 1,161,150 1,046,868 (114,282)
Transfers out (247,275) (364,793) (364,793) -
Total other financing sources (uses) 913,875 796,357 682,075 (114,282) Net change in fund balances $ 216,102 $ 14,033 2,958 $ (11,075) Fund balances-beginning (2,958)
Fund balances-ending $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Storm Water Maintenance District Fund
For the Year Ended June 30, 2025
176
ATTACHMENT 1
1288
RD 811 Maintenance Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Contributions from property owners $ - $ - $ 67,043 $ 67,043 Use of money and property - - 47,118 47,118
Total revenues - - 114,161 114,161

EXPENDITURES
Current:

Public works 3,500 3,500 24,060 (20,560)
Total expenditures 3,500 3,500 24,060 (20,560)
Excess (deficiency) of revenues
over (under) expenditures (3,500) (3,500) 90,101 93,601

OTHER FINANCING SOURCES (USES)
Transfers out (20) (22) (22) -
Total other financing sources (uses) (20) (22) (22) -
Net change in fund balances $ (3,520) $ (3,522) 90,079 $ 93,601 Fund balances-beginning 955,572
Fund balances-ending $ 1,045,651

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual RD 811 Maintenance Fund
For the Year Ended June 30, 2025
177
ATTACHMENT 1
1289
Special Purpose Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Contributions from property owners $ 333,650 $ 465,243 $ 497,484 $ 32,241 Intergovernmental 2,056,570 4,597,256 3,956,418 (640,838) Charges for services 113,000 164,742 173,204 8,462
Use of money and property - - 37,828 37,828
Fines and forfeitures - - 7,000 7,000
Miscellaneous - 582,059 1,344,274 762,215
Total revenues 2,503,220 5,809,300 6,016,208 206,908

EXPENDITURES
Current:

General government 168,730 2,552,192 1,015,251 1,536,941 Community development 170,134 1,794,421 354,406 1,440,015 Housing rehabilitation 1,321,407 304,110 1,311,199 (1,007,089) Culture and recreation 1,161,237 2,924,727 1,403,165 1,521,562 Capital outlay - - 121,117 (121,117)
Debt service:

Principal retirement - - - -
Interest expenses and fiscal charges 275 275 306 (31)
Total expenditures 2,821,783 7,575,725 4,205,444 3,370,281 Excess (deficiency) of revenues
over (under) expenditures (318,563) (1,766,425) 1,810,764 3,577,189

OTHER FINANCING SOURCES (USES)
Transfers in 341,840 416,840 316,047 (100,793)
Transfers out (508,350) (681,153) (681,153) -
Total other financing sources (uses) (166,510) (264,313) (365,106) (100,793) Net change in fund balances $ (485,073) $ (2,030,738) 1,445,658 $ 3,476,396 Fund balances-beginning 2,546,783
Restatements (1,135,036)
Fund balances-beginning, as restated 1,411,747
Fund balances-ending $ 2,857,405

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Special Purpose Fund
For the Year Ended June 30, 2025
178
ATTACHMENT 1
1290
Parking Improvement Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ 570,500 $ 570,500 $ 603,462 $ 32,962 Charges for services 50,000 50,000 25,065 (24,935)
Use of money and property - - 142,010 142,010
Fines and forfeitures 40,000 45,000 63,052 18,052
Miscellaneous - - 166,691 166,691
Total revenues 660,500 665,500 1,000,280 334,780

EXPENDITURES
Current:

General government 780,903 859,491 648,727 210,764
Total expenditures 780,903 859,491 648,727 210,764
Excess (deficiency) of revenues
over (under) expenditures (120,403) (193,991) 351,553 545,544

OTHER FINANCING SOURCES (USES)
Transfers in 65,000 70,726 70,726 -
Transfers out (388,283) (403,854) (403,854) -
Total other financing sources (uses) (323,283) (333,128) (333,128) - Net change in fund balance $ (443,686) $ (527,119) 18,425 $ 545,544 Fund balances-beginning 2,873,486
Fund balances-ending $ 2,891,911

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Parking Improvement Fund
For the Year Ended June 30, 2025
179
ATTACHMENT 1
1291
Public Safety Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Intergovernmental $ 170,000 $ 1,244,738 $ 854,174 $ (390,564) Charges for services - - 12,754 12,754
Use of money and property - - 9,972 9,972
Miscellaneous - 6,877 7,408 531
Total revenues 170,000 1,251,615 884,308 (367,307)

EXPENDITURES
Current:

Public safety 11,282 1,870,943 1,075,049 795,894
Culture and recreation - - - -
Capital outlay - - 31,103 (31,103)
Debt service:

Principal retirement - 10,747 10,747 -
Interest expenses and fiscal charges - 253 253 -
Total expenditures 11,282 1,881,943 1,117,152 764,791
Excess (deficiency) of revenues
over (under) expenditures 158,718 (630,328) (232,844) 397,484

OTHER FINANCING SOURCES (USES)
Transfers in - 2,004 2,004 -
Total other financing sources (uses) - 2,004 2,004 -
Net change in fund balances $ 158,718 $ (628,324) (230,840) $ 397,484 Fund balances-beginning 751,562
Fund balances-ending $ 520,722

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Public Safety Fund
For the Year Ended June 30, 2025
180
ATTACHMENT 1
1292
Public Art Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property - - 2,003 2,003
Total revenues - - 2,003 2,003

EXPENDITURES
Current:

Culture and recreation - - 1,100 (1,100)
Total expenditures - - 1,100 (1,100)
Excess (deficiency) of revenues
over (under) expenditures - - 903 903

OTHER FINANCING SOURCES (USES)
Transfers out (298) (309) (309) -
Total other financing sources (uses) (298) (309) (309) - Net change in fund balances $ (298) $ (309) 594 $ 903
Fund balances-beginning 40,473
Fund balances-ending $ 41,067

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Public Art Fund
For the Year Ended June 30, 2025
181
ATTACHMENT 1
1293
Development Trust Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

EXPENDITURES
Current:

Community development $ 35,000 $ 40,325 $ 31,363 $ 8,962 Total expenditures 35,000 40,325 31,363 8,962
Excess (deficiency) of revenues
over (under) expenditures (35,000) (40,325) (31,363) 8,962

OTHER FINANCING SOURCES (USES)
Transfers in 400,000 400,000 400,000 -
Transfers out - (2,403) (2,403) -
Total other financing sources (uses) 400,000 397,597 397,597 - Net change in fund balances $ 365,000 $ 357,272 366,234 $ 8,962 Fund balances-beginning 1,385,151
Fund balances-ending $ 1,751,385

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Development Trust Fund
For the Year Ended June 30, 2025
182
ATTACHMENT 1
1294
Bridge District IFD Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Taxes $ 582,359 $ 582,359 $ 959,720 $ 377,361
Use of money and property - - 100,470 100,470
Total revenues 582,359 582,359 1,060,190 477,831

EXPENDITURES
Current:

Community development $ 50,000 $ 200,000 $ 172,824 $ 27,176 Total expenditures 50,000 200,000 172,824 27,176
Excess (deficiency) of revenues
over (under) expenditures 532,359 382,359 887,366 505,007

OTHER FINANCING SOURCES (USES)
Transfers out (3,320) (3,499) (3,499) -
Total other financing sources (uses) (3,320) (3,499) (3,499) - Net change in fund balances $ 529,039 $ 378,860 883,867 $ 505,007 Fund balances-beginning 2,281,442
Fund balances-ending $ 3,165,309

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Bridge District IFD Fund
For the Year Ended June 30, 2025
183
ATTACHMENT 1
1295
Enhanced IFD Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property $ - $ - $ 365,643 $ 365,643
Miscellaneous - 263,481 263,481 -
Total revenues - 263,481 629,124 365,643

EXPENDITURES
Current:

Community development $ 253,000 $ 253,000 $ 298,967 $ (45,967) Public works - 42,039 - 42,039
Total expenditures 253,000 295,039 298,967 (3,928)
Excess (deficiency) of revenues
over (under) expenditures (253,000) (31,558) 330,157 361,715

OTHER FINANCING SOURCES (USES)
Transfers out (4,502,828) (7,650,000) (7,650,000) -
Subscriptions issuance - - - -
Total other financing sources (uses) (4,502,828) (7,650,000) (7,650,000) - Net change in fund balances $ (4,755,828) $ (7,681,558) (7,319,843) $ 361,715 Fund balances-beginning 7,927,488
Fund balances-ending $ 607,645

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Enhanced IFD Fund
For the Year Ended June 30, 2025
184
ATTACHMENT 1
1296
Public Works Support Services Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Charges for services $ - $ - $ 144,345 $ 144,345
Use of money and property - - 1,204 1,204
Miscellaneous - - 4,456 4,456
Total revenues - - 150,005 150,005

EXPENDITURES
Current:

Public works 975,462 989,713 805,610 184,103
Debt service:

Principal retirement - 1,317 4,477 (3,160)
Interest expenses and fiscal charges - 368 368 -
Total expenditures 975,462 991,398 810,455 180,943
Excess (deficiency) of revenues
over (under) expenditures (975,462) (991,398) (660,450) 330,948

OTHER FINANCING SOURCES (USES)
Transfers in 954,562 668,693 668,610 83
Total other financing sources (uses) 954,562 668,693 668,610 83 Net change in fund balances $ (20,900) $ (322,705) 8,160 $ 330,865 Fund balances-beginning (242)
Fund balances-ending $ 7,918

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Public Works Support Services Fund
For the Year Ended June 30, 2025
185
ATTACHMENT 1
1297
Community Development Support Services Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ 1,516,300 $ 1,516,300 $ 1,512,026 $ (4,274) Intergovernmental - 40 - (40)
Charges for services 2,865,795 2,865,795 3,269,949 404,154 Use of money and property - - 328,666 328,666
Fines and forfeitures - - 123 123
Miscellaneous - - 33,856 33,856
Total revenues 4,382,095 4,382,135 5,144,620 762,485

EXPENDITURES
Current:

Community development $ 5,942,054 $ 6,759,147 $ 5,517,435 $ 1,241,712 Capital outlay - - 110,695 (110,695)
Debt service:

Principal retirement - 48,695 48,695 -
Interest expenses and fiscal charges - 1,305 1,305 -
Total expenditures 5,942,054 6,809,147 5,678,130 1,131,017 Excess (deficiency) of revenues
over (under) expenditures (1,559,959) (2,427,012) (533,510) 1,893,502

OTHER FINANCING SOURCES (USES)
Transfers in 1,227,390 496,212 318,601 (177,611)
Transfers out (1,096,228) (1,092,886) (915,275) 177,611 Subscriptions issuance - 110,695 110,695 -
Total other financing sources (uses) 131,162 (485,979) (485,979) - Net change in fund balances $ (1,428,797) $ (2,912,991) (1,019,489) $ 1,893,502 Fund balances-beginning 6,264,121
Fund balances-ending $ 5,244,632

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Community Development Support Services Fund
For the Year Ended June 30, 2025
186
ATTACHMENT 1
1298
Flood Program Support Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Contributions from property owners $ 144,355 $ 144,355 $ 147,383 $ 3,028 Charges for services 1,150,000 1,150,000 801,731 (348,269) Total revenues 1,294,355 1,294,355 949,114 (345,241)

EXPENDITURES
Current:

Public works $ 1,082,438 $ 1,090,109 $ 665,061 $ 425,048 Total expenditures 1,082,438 1,090,109 665,061 425,048
Excess (deficiency) of revenues
over (under) expenditures 211,917 204,246 284,053 79,807

OTHER FINANCING SOURCES (USES)
Transfers out (291,147) (283,678) (283,678) -
Total other financing sources (uses) (291,147) (283,678) (283,678) - Net change in fund balances $ (79,230) $ (79,432) 375 $ 79,807 Fund balances-beginning (375)
Fund balances-ending $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Flood Program Support Fund
For the Year Ended June 30, 2025
187
ATTACHMENT 1
1299
Technology Impact Fee Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Charges for services $ 100,000 $ 100,000 $ 125,964 $ 25,964 Use of money and property - - 35,419 35,419
Total revenues 100,000 100,000 161,383 61,383

EXPENDITURES
Current:

General government 202,506 714,346 140,232 574,114
Total expenditures 202,506 714,346 140,232 574,114
Excess (deficiency) of revenues
over (under) expenditures (102,506) (614,346) 21,151 635,497

OTHER FINANCING SOURCES (USES)
Transfers out (5,711) (5,613) (5,613) -
Total other financing sources (uses) (5,711) (5,613) (5,613) - Net change in fund balances $ (108,217) $ (619,959) 15,538 $ 635,497 Fund balances-beginning 706,569
Fund balances-ending $ 722,107

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Technology Impact Fee Fund
For the Year Ended June 30, 2025
188
ATTACHMENT 1
1300
CDD Grants Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Intergovernmental $ - $ 262,047 $ 57,700 $ (204,347)
Miscellaneous - - 7,447 7,447
Total revenues - 262,047 65,147 (196,900)

EXPENDITURES
Current:

Community development - 296,312 35,839 260,473
Total expenditures - 296,312 35,839 260,473
Net change in fund balances $ - $ (34,265) 29,308 $ 63,573 Fund balances-beginning 17,023
Fund balances-ending $ 46,331

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual CDD Grants Fund
For the Year Ended June 30, 2025
189
ATTACHMENT 1
1301
Environmental Support Services Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property $ - $ - $ (9,686) $ (9,686)
Total revenues - - (9,686) (9,686)

EXPENDITURES
Current:

Community development 830,543 831,518 694,577 136,941
Total expenditures 830,543 831,518 694,577 136,941
Excess (deficiency) of revenues
over (under) expenditures (830,543) (831,518) (704,263) 127,255

OTHER FINANCING SOURCES (USES)
Transfers in 811,518 709,950 709,950 -
Transfers out (234,084) (251) (251) -
Total other financing sources (uses) 577,434 709,699 709,699 - Net change in fund balances $ (253,109) $ (121,819) 5,436 $ 127,255 Fund balances-beginning 346
Fund balances-ending $ 5,782

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Environmental Support Services Fund
For the Year Ended June 30, 2025
190
ATTACHMENT 1
1302
Reclamation District 900
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Taxes $ 2,744,910 $ 2,744,910 $ 2,710,208 $ (34,702)
Contributions from property owners 863,394 863,394 862,548 (846) Intergovernmental 231,250 231,250 822,479 591,229
Use of money and property 120,000 120,000 704,380 584,380 Miscellaneous 6,500 6,500 4,906 (1,594)
Total revenues 3,966,054 3,966,054 5,104,521 1,138,467

EXPENDITURES
Current:

General government 854,500 862,500 759,004 103,496
Public works 1,479,942 1,526,624 1,464,349 62,275
Capital outlay - - 883,950 (883,950)
Total expenditures 2,334,442 2,389,124 3,107,303 (718,179) Net change in fund balances $ 1,631,612 $ 1,576,930 1,997,218 $ 420,288 Fund balances-beginning, as restated 13,702,400
Fund balances-ending $ 15,699,618

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Reclamation District 900
For the Year Ended June 30, 2025
191
ATTACHMENT 1
1303
Traffic Improvements
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ - $ - $ 1,168,779 $ 1,168,779
Use of money and property - - 480,040 480,040
Total revenues - - 1,648,819 1,648,819

EXPENDITURES
Current:

Public works - - 1,721 (1,721)
Total expenditures - - 1,721 (1,721)
Excess (deficiency) of revenues
over (under) expenditures - - 1,647,098 1,647,098

OTHER FINANCING SOURCES (USES)
Transfers in - 204,130 204,130 -
Transfers out (573,804) (573,851) (573,851) -
Total other financing sources (uses) (573,804) (369,721) (369,721) - Net change in fund balances $ (573,804) $ (369,721) 1,277,377 $ 1,647,098 Fund balances-beginning 9,506,810
Fund balances-ending $ 10,784,187

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Traffic Improvements
For the Year Ended June 30, 2025
192
ATTACHMENT 1
1304
General Facilities
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property $ - $ - $ 367,282 $ 367,282
Total revenues - - 367,282 367,282

EXPENDITURES
Current:

General government - - 1,187 (1,187)
Total expenditures - - 1,187 (1,187)
Excess (deficiency) of revenues
over (under) expenditures - - 366,095 366,095

OTHER FINANCING SOURCES (USES)
Transfers in 1,000,000 1,096,749 1,096,749 -
Transfers out (2,700,000) (3,217,700) (3,217,700) -
Total other financing sources (uses) (1,700,000) (2,120,951) (2,120,951) - Net change in fund balances $ (1,700,000) $ (2,120,951) (1,754,856) $ 366,095 Fund balances-beginning 7,211,635
Fund balances-ending $ 5,456,779

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual General Facilities
For the Year Ended June 30, 2025
193
ATTACHMENT 1
1305
Park Improvement
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ - $ - $ 563,458 $ 563,458
Use of money and property - - 749,085 749,085
Total revenues - - 1,312,543 1,312,543

EXPENDITURES
Current:

Culture and recreation - - 4,488 (4,488)
Debt service:

Interest expenses and fiscal charges - 236,588 236,588 - Total expenditures - 236,588 241,076 (4,488)
Excess (deficiency) of revenues
over (under) expenditures - (236,588) 1,071,467 1,308,055

OTHER FINANCING SOURCES (USES)
Transfers out (5,405,660) (6,840,238) (6,840,238) -
Total other financing sources (uses) (5,405,660) (6,840,238) (6,840,238) - Net change in fund balances $ (5,405,660) $ (7,076,826) (5,768,771) $ 1,308,055 Fund balances-beginning 9,833,590
Fund balances-ending $ 4,064,819

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Park Improvement
For the Year Ended June 30, 2025
194
ATTACHMENT 1
1306
Police Facility Impact Fees
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ 100,000 $ 100,000 $ 94,162 $ (5,838) Contributions from property owners - - - -
Intergovernmental - 845,000 - (845,000)
Charges for services - - - -
Use of money and property - - 27,741 27,741
Total revenues 100,000 945,000 121,903 (823,097)

EXPENDITURES
Current:

Public safety - - - -
Total expenditures - - - -
Excess (deficiency) of revenues
over (under) expenditures 100,000 945,000 121,903 (823,097)

OTHER FINANCING SOURCES (USES)
Transfers in - 2,732,045 2,732,045 -
Transfers out (865,992) (866,025) (866,025) -
Total other financing sources (uses) (865,992) 1,866,020 1,866,020 - Net change in fund balances $ (765,992) $ 2,811,020 1,987,923 $ (823,097) Fund balances-beginning 285,880
Fund balances-ending $ 2,273,803

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Police Facility Impact Fees
For the Year Ended June 30, 2025
195
ATTACHMENT 1
1307
Fire Facility Impact Fees
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ - $ - $ 95,126 $ 95,126
Use of money and property - - 7,041 7,041
Total revenues - - 102,167 102,167

EXPENDITURES
Current:

Public safety - - 28 (28)
Debt service:

Interest expenses and fiscal charges - 94,284 94,284 -
Total expenditures - 94,284 94,312 (28)
Net change in fund balances $ - $ (94,284) 7,855 $ 102,139 Fund balances-beginning (2,142,336)
Fund balances-ending $ (2,134,481)

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Fire Facility Impact Fees
For the Year Ended June 30, 2025
196
ATTACHMENT 1
1308
Childcare Impact Fees
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ - $ - $ 11,658 $ 11,658
Use of money and property - - 37,785 37,785
Total revenues - - 49,443 49,443

EXPENDITURES
Current:

Culture and recreation - - 4,756 (4,756)
Total expenditures - - 4,756 (4,756)
Excess (deficiency) of revenues
over (under) expenditures - - 44,687 44,687

OTHER FINANCING SOURCES (USES)
Transfers in - 426 426 -
Transfers out - (90) (90) -
Total other financing sources (uses) - 336 336 -
Net change in fund balances $ - $ 336 45,023 $ 44,687
Fund balances-beginning 772,169
Fund balances-ending $ 817,192

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Childcare Impact Fees
For the Year Ended June 30, 2025
197
ATTACHMENT 1
1309
City Hall Impact Fees
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ - $ - $ 52,156 $ 52,156
Use of money and property - - 42,225 42,225
Total revenues - - 94,381 94,381

EXPENDITURES
Current:

General government - - 6,813 (6,813)
Total expenditures - - 6,813 (6,813)
Excess (deficiency) of revenues
over (under) expenditures - - 87,568 87,568

OTHER FINANCING SOURCES (USES)
Transfers in - 20,758 20,758 -
Total other financing sources (uses) - 20,758 20,758 -
Net change in fund balances $ - $ 20,758 108,326 $ 87,568 Fund balances-beginning 833,203
Fund balances-ending $ 941,529

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual City Hall Impact Fees
For the Year Ended June 30, 2025
198
ATTACHMENT 1
1310
Corp Yard Impact Fees
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ 50,000 $ 50,000 $ 71,261 $ 21,261 Use of money and property - - 3,724 3,724
Total revenues 50,000 50,000 74,985 24,985

EXPENDITURES
Current:

Public works - - 4,427 (4,427)
Debt service:

Interest expenses and fiscal charges 48,000 141,776 141,776 - Total expenditures 48,000 141,776 146,203 (4,427)
Excess (deficiency) of revenues
over (under) expenditures 2,000 (91,776) (71,218) 20,558

OTHER FINANCING SOURCES (USES)
Transfers out (336) (355) (355) -
Total other financing sources (uses) (336) (355) (355) - Net change in fund balances $ 1,664 $ (92,131) (71,573) $ 20,558 Fund balances-beginning (3,216,289)
Fund balances-ending $ (3,287,862)

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Corp Yard Impact Fees
For the Year Ended June 30, 2025
199
ATTACHMENT 1
1311
Triangle/Bridge District Capital Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ 1,000,000 $ 1,000,000 $ 385,905 $ (614,095) Use of money and property - - 653,920 653,920
Total revenues 1,000,000 1,000,000 1,039,825 39,825

EXPENDITURES
Current:

Public works 4,000,000 4,000,000 4,004,291 (4,291)
Total expenditures 4,000,000 4,000,000 4,004,291 (4,291) Excess (deficiency) of revenues
over (under) expenditures (3,000,000) (3,000,000) (2,964,466) 35,534

OTHER FINANCING SOURCES (USES)
Transfers out (5,706) (6,014) (6,014) -
Total other financing sources (uses) (5,706) (6,014) (6,014) - Net change in fund balances $ (3,005,706) $ (3,006,014) (2,970,480) $ 35,534 Fund balances-beginning 13,175,659
Fund balances-ending $ 10,205,179

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Flood In-Lieu Fees
For the Year Ended June 30, 2025
200
ATTACHMENT 1
1312
Flood In-Lieu Fees
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Intergovernmental $ - $ - $ 73,620 $ 73,620
Use of money and property - - 177,021 177,021
Total revenues - - 250,641 250,641

EXPENDITURES
Current:

Public works 13,221,982 10,059,892 840,215 9,219,677
Total expenditures 13,221,982 10,059,892 840,215 9,219,677 Excess (deficiency) of revenues
over (under) expenditures (13,221,982) (10,059,892) (589,574) 9,470,318

OTHER FINANCING SOURCES (USES)
Transfers out - (3,160,368) (3,160,368) -
Subscriptions issuance - 4,544,046 4,544,046 -
Total other financing sources (uses) - 1,383,678 1,383,678 - Net change in fund balances $ (13,221,982) $ (8,676,214) 794,104 $ 9,470,318 Fund balances-beginning 4,378,281
Fund balances-ending $ 5,172,385

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Triangle/Bridge District Capital Fund
For the Year Ended June 30, 2025
201
ATTACHMENT 1
1313
Southport Mello-Roos
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Licenses and permits $ - $ - $ 2,785 $ 2,785
Use of money and property - - 158,596 158,596
Total revenues - - 161,381 161,381

EXPENDITURES
Current:

Community development - - 1,026 (1,026)
Total expenditures - - 1,026 (1,026)
Excess (deficiency) of revenues
over (under) expenditures - - 160,355 160,355

OTHER FINANCING SOURCES (USES)
Transfers out (163) (176) (176) -
Total other financing sources (uses) (163) (176) (176) - Net change in fund balances $ (163) $ (176) 160,179 $ 160,355 Fund balances-beginning 3,236,878
Fund balances-ending $ 3,397,057

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Southport Mello-Roos
For the Year Ended June 30, 2025
202
ATTACHMENT 1
1314
Community Facilities District Fund
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property $ - $ - $ 285,250 $ 285,250
Total revenues - - 285,250 285,250

EXPENDITURES
Current:

Public works - - 4,545,119 (4,545,119)
Total expenditures - - 4,545,119 (4,545,119)
Excess (deficiency) of revenues
over (under) expenditures - - (4,259,869) (4,259,869)

OTHER FINANCING SOURCES (USES)
Transfers out (3,602) - - -
Total other financing sources (uses) (3,602) - - -
Net change in fund balances $ (3,602) $ - (4,259,869) $ (4,259,869) Fund balances-beginning 6,556,663
Fund balances-ending $ 2,296,794

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual Community Facilities District Fund
For the Year Ended June 30, 2025
203
ATTACHMENT 1
1315
2012 Pension Obligation Bonds
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property $ - $ - $ 16 $ 16
Total revenues - - 16 16
Excess (deficiency) of revenues
over (under) expenditures - - 16 16

OTHER FINANCING SOURCES (USES)
Transfers in - 18 18 -
Total other financing sources (uses) - 18 18 -
Net change in fund balances $ - $ 18 34 $ 16
Fund balances-beginning (34)
Fund balances-ending $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 2012 Pension Obligation Bonds
For the Year Ended June 30, 2025
204
ATTACHMENT 1
1316
2012 Refunding Lease Revenue Bonds
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property $ - $ - $ 8,969 $ 8,969
Total revenues - - 8,969 8,969
Excess (deficiency) of revenues
over (under) expenditures - - 8,969 8,969

OTHER FINANCING SOURCES (USES)
Transfers in - 9,503 9,503 -
Total other financing sources (uses) - 9,503 9,503 -
Net change in fund balances $ - $ 9,503 18,472 $ 8,969
Fund balances-beginning (18,472)
Fund balances-ending $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 2012 Refunding Lease Revenue Bonds
For the Year Ended June 30, 2025
205
ATTACHMENT 1
1317
2011 Lease Revenue Refunding Bonds
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property $ - $ - $ 257 $ 257
Total revenues - - 257 257
Excess (deficiency) of revenues
over (under) expenditures - - 257 257

OTHER FINANCING SOURCES (USES)
Transfers in - 271 271 -
Total other financing sources (uses) - 271 271 -
Net change in fund balances $ - $ 271 528 $ 257
Fund balances-beginning (528)
Fund balances-ending $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual 2011 Lease Revenue Refunding Bonds
For the Year Ended June 30, 2025
206
ATTACHMENT 1
1318
General Equipment Lease
Original Final
Actual
Amounts
Variance with
Final Budget
Positive
(Negative)

REVENUES
Use of money and property $ - $ - $ 15,120 $ 15,120
Total revenues - - 15,120 15,120

EXPENDITURES
Debt service:

Principal retirement 1,009,868 794,583 794,583 -
Interest expenses and fiscal charges 132,271 161,328 161,328 - Total expenditures 1,142,139 955,911 955,911 -
Excess (deficiency) of revenues
over (under) expenditures (1,142,139) (955,911) (940,791) 15,120

OTHER FINANCING SOURCES (USES)
Transfers in 1,142,139 1,272,139 1,272,139 -
Total other financing sources (uses) 1,142,139 1,272,139 1,272,139 - Net change in fund balances $ - $ 316,228 331,348 $ 15,120 Fund balances-beginning 548,346
Fund balances-ending $ 879,694

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual General Equipment Lease
For the Year Ended June 30, 2025
207
ATTACHMENT 1
1319
Fiduciary Funds
Private purpose trust funds are used to account for fiduciary activities not required to be reported in another fiduciary fund type. Private purpose trust funds of the City are as follows:

Mcknight Scholarship Fund – account for donations collected for the fallen officer and used for the scholarship program.

Successor Agency to The Redevelopment Agency Fund – to account for the activities of the Successor Agency to the former Redevelopment Agency of the City of West Sacramento. 208
ATTACHMENT 1
1320
Private - Purpose Trust Funds - Combining Statement of Fiduciary Net Position Successor
Agency to the
Redevelopment
Agency
McKnight
Scholarship
Fund
Total Private
Purpose
Trust
Funds
ASSETS
Cash and cash equivalents $ 10,441,837 $ 10,582 $ 10,452,419 Receivables:

Accrued interest 25,055 25 25,080
Restricted assets:

Cash and investments in fiscal agent 16,854 - 16,854
Capital assets not being depreciated 592,925 - 592,925
Total assets 11,076,671 10,607 11,087,278

DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding 996,445 - 996,445
Total deferred outflows of resources 996,445 - 996,445

LIABILITIES
Accounts payable 908 9,706 10,614
Accrued interest 682,956 - 682,956
Deposits payable 11,358 - 11,358
Long-term debt:

Due in one year 5,866,618 - 5,866,618
Due in more than one year 45,489,703 - 45,489,703
Total liabilities 52,051,543 9,706 52,061,249

NET POSITION
Restricted for:

Individuals and organizations (39,978,427) 901 (39,977,526) Total net position $ (39,978,427) $ 901 $ (39,977,526)

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Private Purpose Trust Funds
June 30, 2025
209
ATTACHMENT 1
1321
Private - Purpose Trust Funds - Combining Statement of Changes in Fiduciary Net Position Successor
Agency to the
Redevelopment
Agency
McKnight
Scholarship
Fund
Total Private
Purpose
Trust
Funds

ADDITIONS
Investment earnings:

Interest 363,241 497 363,738
Total investment earnings 363,241 497 363,738
Taxes 8,843,522 - 8,843,522
Total additions 9,206,763 497 9,207,260

DEDUCTIONS
Benefits 6,146 - 6,146
Contractual services 1,078,866 3 1,078,869
Interest expense 1,974,390 - 1,974,390
Contributions to other governments 189,057 - 189,057
Total deductions 3,248,459 3 3,248,462
Net increase (decrease) in fiduciary net position 5,958,304 494 5,958,798 Net position-beginning (45,936,731) 407 (45,936,324)
Net position-ending $ (39,978,427) $ 901 $ (39,977,526)

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
210
ATTACHMENT 1
1322

CUSTODIAL FUNDS
Custodial Funds are used to account for assets held by the government as an custodian for individual, private organizations and other governments. The Custodial Funds of the City are outlined as follows:

Community Facilities District Funds - to account for the collection and payment of assessment district bonded debt service of the following Community Facilities Districts in the City:

No. 8- Series 1999 No. 18- Gateway Unit 4 No. 24- Bridgeway No. 9- Staples Project No. 19- River Ranch No. 26- Yarborough No. 12- Raley Field No. 20- Bridgeway II CFD No. 27- Bridge District No. 14- Newport Estates No. 21- Parlin Ranch Debt No. 28- Rivers II No. 8- Series 2001 No. 23- Triangle Area Debt
No. 21, 23 and 24 Special Tax
Refund
No. 15- Pheasant Hollow
2006 Special Tax Revenue
Bond CFD 17 2017 Construction Fund
No. 16- Bridgeway Lakes No. 10- Bridgeway Series 2006 No. 29- Port Towne No. 17- Parella No. 11- Gateway Series 2006
2012 Special Tax Refunding Bond Fund - to account for collection and payment of the refunding of the Community Facilities District No. 14. Series 2001 Bonds and Community Facilities District No. 17 Series 2003 Bonds.
2011 Flood Bond Debt Fund - to account for interest accrued on the bonds held by trustee.

Sacramento Regional County Sanitation District Fund - to account for a special district formed under the laws of California to provide wastewater treatment services for its member agencies.

Washington School District Impact Fees Fund - to account for developer fees, which are collected and remitted to the school district for the construction of a school.

Raley’s Landing Fund - to account for developer impact fees used for improvements in the Raley’s Landing district.

Yolo County Impact Fees Fund - to account for developer fees, which are collected and remitted to the county for road development.

Yolo County Environmental Health Fund - This fund is to account for the environmental fees collected by the City and passed-thru to the County of Yolo.

Business Improvement Fund - to account for special benefit assessments for improvements in a business improvements district.

River City Stadium Financing Authority Fund - to account for the activity related to the issuance of the bonds in conjunction with the City of Sacramento, California and the River City Stadium Financing Authority.

Sacramento Yolo Finance Authority Fund - to account for the activity related to the issuance of bonds in conjunction with the Sacramento Yolo Financing Authority.

West Sacramento Area Flood Control Agency Funds - to account for revenues and associated expenditures of flood assessment levied on property owners for maintenance and construction of levee, and prevention of flood in the City.
211
ATTACHMENT 1
1323
2015 WSAFCA Bond Debt Service Fund – The 2015 Flood Bond Debt Service Fund is used to account for the accumulation of resources and payments of bond principal and interest of the Assessment Revenue Bonds, Series 2015, issued to finance the construction of certain public capital improvements related to levee improvements and flood control.
2020 WSAFCA Bond Debt Service Fund – The 2020 Flood Bond Debt Service Fund is used to account for the accumulation of resources and payments of bond principal and interest of the Assessment Revenue Bonds, Series 2020, issued to finance the construction of certain public capital improvements related to levee improvements and flood control and to refund the remaining portion of the Assessment Revenue Bonds, Series 2011. 212
ATTACHMENT 1
1324
Custodial Funds - Combining Statement of Fiduciary Net Position No. 8 Series
1999 No. 9 Staples
No. 12
Raley's Field
No. 14
Newport
Estates
ASSETS
Cash and cash equivalents $ 3,841,561 $ 33,722 $ 986,670 $ 659,777 Receivables:

Accounts 287,273 - - -
Accrued interest 9,044 81 1,892 1,554
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Due from other governments 178,004 936 14,594 37,474
Restricted assets: - - - -
Cash and investments - - - -
Cash and investments with fiscal agent - - - 705,348
Total assets 4,315,882 34,739 1,003,156 1,404,153

LIABILITIES
Accounts payable - - - 169
Unearned revenues - - - -
Due to external parties/other agencies 4,315,882 34,739 1,003,156 1,403,984 Total liabilities 4,315,882 34,739 1,003,156 1,404,153

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, CALIFORNIA
Combining Statement of Fiduciary Net Position
Fiduciary Funds - Custodial Funds
June 30, 2025
213
ATTACHMENT 1
1325
No. 8 Series
2001
No. 15
Pheasant
Hollow
No. 16
Bridgeway
Lakes No. 17 Parella
ASSETS
Cash and cash equivalents $ 798,750 $ 179,470 $ 710,257 $ 447,202 Receivables:

Accounts - - - -
Accrued interest 1,900 422 1,673 1,078
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Due from other governments - 8,017 50,757 19,639
Restricted assets: - - - -
Cash and investments - - - -
Cash and investments with fiscal agent 2,034,894 - 49,977 - Total assets 2,835,544 187,909 812,664 467,919

LIABILITIES
Accounts payable - - 153 153
Unearned revenues - - - -
Due to external parties/other agencies 2,835,544 187,909 812,511 467,766 Total liabilities 2,835,544 187,909 812,664 467,919

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, CALIFORNIA
Combining Statement of Fiduciary Net Position (Continued) Fiduciary Funds - Custodial Funds
June 30, 2025
214
ATTACHMENT 1
1326
No. 18
Gateway Unit 4
No. 19 River
Ranch
No. 20
Bridgeway II
No. 21 Parlin
Ranch Debt
ASSETS
Cash and cash equivalents $ 93,736 $ 258,221 $ 836,655 $ 266,178 Receivables:

Accounts - - - -
Accrued interest 221 608 1,970 660
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Due from other governments 3,418 10,483 37,570 11,263
Restricted assets: - - - -
Cash and investments - - - -
Cash and investments with fiscal agent - - 847,598 -
Total assets 97,375 269,312 1,723,793 278,101

LIABILITIES
Accounts payable 46 62 107 92
Unearned revenues - - - -
Due to external parties/other agencies 97,329 269,250 1,723,686 278,009 Total liabilities 97,375 269,312 1,723,793 278,101

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, CALIFORNIA
Combining Statement of Fiduciary Net Position (Continued) Fiduciary Funds - Custodial Funds
June 30, 2025
215
ATTACHMENT 1
1327
No. 23 Triangle
Area Debt
2006 Special
Tax Revenue
Bonds
No. 10
Bridgeway
Series 2006
No. 11
Gateway
Series 2006
ASSETS
Cash and cash equivalents $ 518,371 $ - $ 2,195,001 $ 434,888 Receivables:

Accounts - - - -
Accrued interest 1,288 - 5,169 1,023
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Due from other governments 20,900 - 98,869 18,647
Restricted assets: - - - -
Cash and investments - - - -
Cash and investments with fiscal agent - 2,649,872 - -
Total assets 540,559 2,649,872 2,299,039 454,558

LIABILITIES
Accounts payable - 717,973 262 137
Unearned revenues - - - -
Due to external parties/other agencies 540,559 1,931,899 2,298,777 454,421 Total liabilities 540,559 2,649,872 2,299,039 454,558

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, CALIFORNIA
Combining Statement of Fiduciary Net Position (Continued) Fiduciary Funds - Custodial Funds
June 30, 2025
216
ATTACHMENT 1
1328
No. 24
Bridgeway
No. 26
Yarborough No 27. Bridge
2012 Special
Tax Refunding
Bond
ASSETS
Cash and cash equivalents $ 172,726 $ 52,914 $ 2,060,123 $ 47,732 Receivables:

Accounts - - - -
Accrued interest 419 124 4,865 112
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Due from other governments 4,537 - 84,942 -
Restricted assets: - - - -
Cash and investments - - - -
Cash and investments with fiscal agent - - 1,288,445 576,947 Total assets 177,682 53,038 3,438,375 624,791

LIABILITIES
Accounts payable 16 - - -
Unearned revenues - - - -
Due to external parties/other agencies 177,666 53,038 3,438,375 624,791 Total liabilities 177,682 53,038 3,438,375 624,791

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, CALIFORNIA
Combining Statement of Fiduciary Net Position (Continued) Fiduciary Funds - Custodial Funds
June 30, 2025
217
ATTACHMENT 1
1329
No. 21, 23 and
24 Special Tax
Refund No. 28 Rivers II
No. 29 Port
Towne
Sacramento
Regional
Community
Services
District
ASSETS
Cash and cash equivalents $ 6,298 $ 20,014 $ 171,014 $ 14,737 Receivables:

Accounts - - - -
Accrued interest - 48 404 -
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Due from other governments - - 13,576 -
Restricted assets: - - - -
Cash and investments - - - -
Cash and investments with fiscal agent 964,381 - 273,820 - Total assets 970,679 20,062 458,814 14,737

LIABILITIES
Accounts payable 122 - 241 -
Unearned revenues - - - -
Due to external parties/other agencies 970,557 20,062 458,573 14,737 Total liabilities 970,679 20,062 458,814 14,737

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, CALIFORNIA
Combining Statement of Fiduciary Net Position (Continued) Fiduciary Funds - Custodial Funds
June 30, 2025
218
ATTACHMENT 1
1330
Washington
School Impact
Fees
Raley's
Landing
Yolo County
Impact Fees
Yolo County
Environmental
Health
ASSETS
Cash and cash equivalents $ 264,485 $ - $ 718,557 $ 61,779 Receivables:

Accounts - - - -
Accrued interest - - - -
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Due from other governments - 43,165 - -
Restricted assets: - - -
Cash and investments - - - -
Cash and investments with fiscal agent - - - -
Total assets 264,485 43,165 718,557 61,779

LIABILITIES
Accounts payable - 43,165 - -
Unearned revenues - - - -
Due to external parties/other agencies 264,485 - 718,557 61,779 Total liabilities 264,485 43,165 718,557 61,779

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, CALIFORNIA
Combining Statement of Fiduciary Net Position (Continued) Fiduciary Funds - Custodial Funds
June 30, 2025
219
ATTACHMENT 1
1331
Business
Improvement
River Stadium
Financing
Authority
Sacramento
Yolo Finance
Authority

WSAFCA JPA
Construction
Fund
ASSETS
Cash and cash equivalents $ 9,247 $ 4,865 $ 136,380 $ 50,866,125 Receivables:

Accounts - 20,803 - 51,112
Accrued interest 21 - 338 113,238
Grants - - - 12,305,758
Leases - - - 19,278
Prepaid costs - - - 7,161
Due from other governments - - - 822,136
Restricted assets:

Cash and investments - - - 832,215
Cash and investments with fiscal agent - - - -
Total assets 9,268 25,668 136,718 65,017,023

LIABILITIES
Accounts payable - 17,023 - 4,360,328
Unearned revenues - - - 19,443,692
Due to external parties/other agencies 9,268 8,645 136,718 10,952 Total liabilities 9,268 25,668 136,718 23,814,972

DEFERRED INFLOWS OF RESOURCES
Lease related - - - 15,638
Total deferred inflows of resources - - - 15,638

NET POSITION
Restricted for:

Individuals and organizations - - - 41,186,413
Total net position $ - $ - $ - $ 41,186,413

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Fiduciary Net Position (Continued) Fiduciary Funds - Custodial Funds
June 30, 2025
220
ATTACHMENT 1
1332
2011 Flood
Bond Debt
Fund
2015 WSAFCA
Bond DSF
2020 WSAFCA
Bond DSF CFD 27
ASSETS
Cash and cash equivalents $ 216 $ - $ 173,178 $ 224
Receivables:

Accounts - - - -
Accrued interest - - - -
Grants - - - -
Leases - - - -
Prepaid costs - - - -
Due from other governments - - - -
Restricted assets:

Cash and investments - - - -
Cash and investments with fiscal agent - 1,967,247 - 762,041 Total assets 216 1,967,247 173,178 762,265

LIABILITIES
Accounts payable - - - 264
Unearned revenues - - - -
Due to external parties/other agencies 216 1,967,247 173,178 762,001 Total liabilities 216 1,967,247 173,178 762,265

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, CALIFORNIA
Combining Statement of Fiduciary Net Position (Continued) Fiduciary Funds - Custodial Funds
June 30, 2025
221
ATTACHMENT 1
1333
2022 Special
Tax Refunding
Total
Custodial
Funds
ASSETS
Cash and cash equivalents $ 2,449 $ 67,043,522
Receivables: -
Accounts - 359,188
Accrued interest - 148,152
Grants - 12,305,758
Leases - 19,278
Prepaid costs - 7,161
Due from other governments - 1,478,927
Restricted assets:

Cash and investments - 832,215
Cash and investments with fiscal agent 850,993 12,971,563 Total assets 853,442 95,165,764

LIABILITIES
Accounts payable 11 5,140,324
Unearned revenues - 19,443,692
Due to external parties/other agencies 853,431 29,379,697 Total liabilities 853,442 53,963,713

DEFERRED INFLOWS OF RESOURCES
Lease related - 15,638
Total deferred inflows of resources - 15,638

NET POSITION
Restricted for:

Individuals and organizations - 41,186,413
Total net position $ - $ 41,186,413

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Fiduciary Net Position (Continued) Fiduciary Funds - Custodial Funds
June 30, 2025
222
ATTACHMENT 1
1334
Custodial Funds - Combining Statement of Changes in Fiduciary Net Position No. 8 Series
1999 No. 9 Staples
No. 12 Raley's
Field
No. 14
Newport
Estates

ADDITIONS
Contributions:

Employer $ - $ - $ 189,057 $ -
Total contributions - - 189,057 -
Investment earnings:

Interest 151,058 1,400 33,866 56,155
Total investment earnings 151,058 1,400 33,866 56,155
Taxes 3,365,866 18,429 287,209 708,535
Intergovernmental - - - -
Total additions 3,516,924 19,829 510,132 764,690

DEDUCTIONS
Contractual services - - - -
Capital outlay - - - -
Interest expense - - 66,369 192,060
Principal expense - - 398,473 225,000
Contributions to other governments 3,516,924 19,829 45,290 347,630 Total deductions 3,516,924 19,829 510,132 764,690
Net increase (decrease) in fiduciary net
position - - - -
Net position-beginning - - - -
Net position-ending $ - $ - $ - $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
223
ATTACHMENT 1
1335
No. 8 Series
2001
No. 15
Pheasant
Hollow
No. 16
Bridgeway
Lakes No. 17 Parella

ADDITIONS
Contributions:

Employer $ 2,961,352 $ - $ - $ -
Total contributions 2,961,352 - - -
Investment earnings:

Interest 192,769 7,067 20,866 18,241
Total investment earnings 192,769 7,067 20,866 18,241
Taxes - 149,334 970,444 368,216
Intergovernmental - - - -
Total additions 3,154,121 156,401 991,310 386,457

DEDUCTIONS
Contractual services 3,415 - - 8,638
Capital outlay - - - -
Interest expense 894,271 - - -
Principal expense 2,140,000 - - -
Contributions to other governments 116,435 156,401 991,310 377,819 Total deductions 3,154,121 156,401 991,310 386,457
Net increase (decrease) in fiduciary net
position - - - -
Net position-beginning - - - -
Net position-ending $ - $ - $ - $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position (Continued) Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
224
ATTACHMENT 1
1336
No. 18
Gateway Unit 4
No. 19 River
Ranch
No. 20
Bridgeway II
No. 21 Parlin
Ranch Debt

ADDITIONS
Contributions:

Employer $ - $ - $ - $ -
Total contributions - - - -
Investment earnings:

Interest 3,817 10,396 69,381 11,218
Total investment earnings 3,817 10,396 69,381 11,218
Taxes 61,943 199,147 717,780 210,462
Intergovernmental - - - -
Total additions 65,760 209,543 787,161 221,680

DEDUCTIONS
Contractual services - - - 11,292
Capital outlay - - - -
Interest expense - - 267,472 -
Principal expense - - 425,000 -
Contributions to other governments 65,760 209,543 94,689 210,388 Total deductions 65,760 209,543 787,161 221,680
Net increase (decrease) in fiduciary net
position - - - -
Net position-beginning - - - -
Net position-ending $ - $ - $ - $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position (Continued) Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
225
ATTACHMENT 1
1337
No. 23 Triangle
Area Debt
2006 Special
Tax Revenue
Bonds
No. 10
Bridgeway
Series 2006
No. 11
Gateway
Series 2006

ADDITIONS
Contributions:

Employer $ - $ 3,492,839 $ - $ -
Total contributions - 3,492,839 - -
Investment earnings:

Interest 22,523 74,136 85,167 17,037
Total investment earnings 22,523 74,136 85,167 17,037
Taxes 418,710 - 1,888,272 351,525
Intergovernmental - - - -
Total additions 441,233 3,566,975 1,973,439 368,562

DEDUCTIONS
Contractual services 23,456 - - -
Capital outlay - - - -
Interest expense - 1,081,455 - -
Principal expense - 2,475,000 - -
Contributions to other governments 417,777 10,520 1,973,439 368,562 Total deductions 441,233 3,566,975 1,973,439 368,562
Net increase (decrease) in fiduciary net
position - - - -
Net position-beginning - - - -
Net position-ending $ - $ - $ - $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position (Continued) Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
226
ATTACHMENT 1
1338
No. 24
Bridgeway
No. 26
Yarborough No 27. Bridge
2012 Special
Tax Refunding
Bond

ADDITIONS
Contributions:

Employer $ - $ - $ - $ 483,117
Total contributions - - - 483,117
Investment earnings:

Interest 7,576 2,477 175,915 26,926
Total investment earnings 7,576 2,477 175,915 26,926
Taxes 84,878 - 1,704,471 -
Intergovernmental - - - -
Total additions 92,454 2,477 1,880,386 510,043

DEDUCTIONS
Contractual services 4,450 - - -
Capital outlay - - - -
Interest expense - - 1,093,059 143,836
Principal expense - - 685,000 340,000
Contributions to other governments 88,004 2,477 102,327 26,207 Total deductions 92,454 2,477 1,880,386 510,043
Net increase (decrease) in fiduciary net
position - - - -
Net position-beginning - - - -
Net position-ending $ - $ - $ - $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position (Continued) Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
227
ATTACHMENT 1
1339
No. 21, 23 and
24 Special Tax
Refund No. 28 Rivers II
No. 29 Port
Towne
Sacramento
Regional
Community
Services
District

ADDITIONS
Contributions:

Employer $ 871,539 $ - $ - $ -
Total contributions 871,539 - - -
Investment earnings:

Interest 36,430 936 18,316 -
Total investment earnings 36,430 936 18,316 -
Taxes - - 251,915 -
Intergovernmental - - - 1,203,708
Total additions 907,969 936 270,231 1,203,708

DEDUCTIONS
Contractual services 36 - - -
Capital outlay - - - -
Interest expense 315,075 - 165,350 -
Principal expense 515,000 - 70,000 -
Contributions to other governments 77,858 936 34,881 1,203,708 Total deductions 907,969 936 270,231 1,203,708
Net increase (decrease) in fiduciary net
position - - - -
Net position-beginning - - - -
Net position-ending $ - $ - $ - $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position (Continued) Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
228
ATTACHMENT 1
1340
Washington
School Impact
Fees
Raley's
Landing
Yolo County
Impact Fees
Yolo County
Environmental
Health

ADDITIONS
Contributions:

Employer $ - $ - $ - $ -
Total contributions - - - -
Investment earnings:

Interest - - - -
Total investment earnings - - - -
Taxes - - - -
Intergovernmental 1,750,750 - 945,512 35,866
Total additions 1,750,750 - 945,512 35,866

DEDUCTIONS
Contractual services - - - -
Capital outlay - - - -
Interest expense - - - -
Principal expense - - - -
Contributions to other governments 1,750,750 - 945,512 35,866 Total deductions 1,750,750 - 945,512 35,866
Net increase (decrease) in fiduciary net
position - - - -
Net position-beginning - - - -
Net position-ending $ - $ - $ - $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position (Continued) Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
229
ATTACHMENT 1
1341
Business
Improvement
River Stadium
Financing
Authority
Sacramento
Yolo Finance
Authority

WSAFCA JPA
Construction
Fund

ADDITIONS
Contributions:

Employer $ - $ - $ - $ 4,000,000
Total contributions - - - 4,000,000
Investment earnings:

Interest 433 - 6,698 2,187,624
Total investment earnings 433 - 6,698 2,187,624
Taxes - - - 6,432,702
Intergovernmental - 21,322 - 7,315,745
Total additions 433 21,322 6,698 19,936,071

DEDUCTIONS
Contractual services - - - -
Capital outlay - - - 72,639
Interest expense - - - -
Principal expense - - - -
Contributions to other governments 433 21,322 6,698 7,440,465 Total deductions 433 21,322 6,698 7,513,104
Net increase (decrease) in fiduciary net
position - - - 12,422,967
Net position-beginning - - - 28,763,446
Net position-ending $ - $ - $ - $ 41,186,413

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position (Continued) Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
230
ATTACHMENT 1
1342
2011 Flood
Bond Debt
Fund
2015 WSAFCA
Bond DSF
2020 WSAFCA
Bond DSF CFD 27

ADDITIONS
Contributions:

Employer $ - $ - $ - $ 42
Total contributions - - - 42
Investment earnings:

Interest - 86,911 14,786 -
Total investment earnings - 86,911 14,786 -
Taxes - - - -
Intergovernmental - 1,667,789 723,055 -
Total additions - 1,754,700 737,841 42

DEDUCTIONS
Contractual services - - - -
Capital outlay - - - -
Interest expense - 1,097,038 297,259 -
Principal expense - 570,000 430,000 -
Contributions to other governments - 87,662 10,582 42
Total deductions - 1,754,700 737,841 42
Net increase (decrease) in fiduciary net
position - - - -
Net position-beginning - - - -
Net position-ending $ - $ - $ - $ -

CITY OF WEST SACRAMENTO, CALIFORNIA
Combining Statement of Changes in Fiduciary Net Position (Continued) Fiduciary Funds - Private Purpose Trust Funds
For the Year Ended June 30, 2025
231
ATTACHMENT 1
1343
2022 Special
Tax Refunding
Total
Custodial
Funds

ADDITIONS
Contributions:

Employer $ 3,415 $ 12,001,361
Total contributions 3,415 12,001,361
Investment earnings:

Interest 503,372 3,843,497
Total investment earnings 503,372 3,843,497
Taxes - 18,189,838
Intergovernmental - 13,663,747
Total additions 506,787 47,698,443

DEDUCTIONS
Contractual services - 51,287
Capital outlay - 72,639
Interest expense - 5,613,244
Principal expense - 8,273,473
Contributions to other governments 506,787 21,264,833
Total deductions 506,787 35,275,476
Net increase (decrease) in fiduciary net
position - 12,422,967
Net position-beginning - 28,763,446
Net position-ending $ - $ 41,186,413

STATISTICAL SECTION
233
ATTACHMENT 1
1345

CITY OF WEST SACRAMENTO

DESCRIPTION OF STATISTICAL SECTION CONTENTS
June 30, 2025
This part of the Cityt’s annual comprehensive financial report presents detailed information as a context for understanding what the information in the financial statements and the note disclosures say about the government’s overall financial health.

Contents: Pages:

Financial Trends: these schedules contain trend information to help the reader understand how the City’s financial performance and well being have changed over time . . . . . . . . . . . . . . 235 - Revenue Capacity: these schedules contain information to help the reader assess the City’s most significant local revenue source, the property tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 246 - Debt Capacity: these schedules present information to help the reader assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250 - Demographic and Economic Information: these schedules offer demographic and economic indicators to help the reader understand the environment within which the City’s financial activities take place . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 259 - Operating Information: these schedules contain service and infrastructure data to help the reader understand how the information in the City’s financial report relates to the services the City provides and the activities it performs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 262 - 234
ATTACHMENT 1
1346
Financial Trends
235
ATTACHMENT 1
1347
Net Position by Component
Last Ten Fiscal Years
(Accrual basis accounting, in thousands)
Net Position by Component - Last Ten Fiscal Years
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2025 2024 2023 2022 2021

GOVERNMENTAL ACTIVITIES
Net investment in capital assets $ 406,576 $ 396,591 $ 372,755 $ 357,851 $ 359,368 Restricted 146,765 159,901 152,855 126,805 102,177
Unrestricted 94,974 88,140 83,341 80,384 66,572
Total governmental activities net position $ 648,316 $ 644,632 $ 608,951 $ 565,040 $ 528,117

BUSINESS-TYPE ACTIVITIES
Net investment in capital assets $ 90,045 $ 87,172 $ 86,473 $ 80,104 $ 80,755 Restricted - - 8 8 8
Unrestricted 63,171 60,348 53,409 51,113 47,324
Total business-type activities net position $ 153,216 $ 147,520 $ 139,890 $ 131,225 $ 128,087

PRIMARY GOVERNMENT
Net investment in capital assets $ 496,622 $ 483,763 $ 459,228 $ 437,955 $ 440,123 Restricted 146,765 159,901 152,863 126,813 102,185
Unrestricted 158,145 148,488 136,750 131,497 113,896
Total primary government net position $ 801,532 $ 792,152 $ 748,841 $ 696,265 $ 656,204

CITY OF WEST SACRAMENTO, CALIFORNIA
236
ATTACHMENT 1
1348
Net Position by Component (Continued)
Last Ten Fiscal Years
(Accrual basis accounting, in thousands)
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2020 2019 2018 2017 2016

GOVERNMENTAL ACTIVITIES
Net investment in capital assets $ 350,250 $ 334,970 $ 326,452 $ 327,460 $ 332,044 Restricted 100,633 101,648 59,678 89,067 94,407
Unrestricted 50,999 23,074 53,020 8,628 (4,204)
Total governmental activities net position $ 501,882 $ 459,692 $ 439,150 $ 425,155 $ 422,247

BUSINESS-TYPE ACTIVITIES
Net investment in capital assets $ 80,843 $ 82,271 $ 84,676 $ 108,234 $ 107,080 Restricted 6,387 20,423 24,132 159 1,101
Unrestricted 41,830 18,421 13,474 18,606 19,333
Total business-type activities net position $ 129,060 $ 121,115 $ 122,282 $ 126,999 $ 127,514

PRIMARY GOVERNMENT
Net investment in capital assets $ 431,093 $ 417,241 $ 411,128 $ 435,694 $ 439,124 Restricted 107,020 122,071 83,810 89,226 95,508
Unrestricted 92,829 41,495 66,494 27,234 15,129
Total primary government net position $ 630,942 $ 580,807 $ 561,432 $ 552,154 $ 549,761 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. * 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, CALIFORNIA
237
ATTACHMENT 1
1349
Change in Net Position - Last Ten Fiscal Years
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2025 2024 2023 2022 2021

EXPENSES
Governmental activities:

General government $ 42,698 $ 31,780 $ 26,971 $ 17,389 $ 25,500 Public works 32,032 24,819 30,094 23,767 20,083
Public safety 57,099 56,536 40,132 41,343 50,283
Community development 22,654 10,204 6,918 4,843 5,069
Landscaping and street lighting 4,463 4,421 3,800 3,581 3,077 Culture and recreation 13,599 10,439 10,219 8,017 8,310 Housing rehabilitation 6,322 900 6,483 1,755 1,038
Interest on long-term debt 1,009 650 377 400 428
179,876 139,749 124,994 101,095 113,788
Business-type activities:

Sewer 15,417 14,816 13,772 14,830 15,279
Water 12,834 12,614 12,685 13,096 16,378
Port 2,572 10,847 2,906 2,663 2,712
Refuse 11,994 10,438 10,433 10,478 8,791
42,817 48,715 39,796 41,067 43,160
222,693 188,464 164,790 142,162 156,948

PROGRAM REVENUES
Governmental activities:

Charges for services:

General government 4,398 3,580 3,829 2,909 3,568
Public works 10,829 14,325 16,391 8,948 8,460
Public safety 2,450 3,831 3,690 656 449
Community development 4,448 3,928 3,081 4,964 5,534
Landscaping and street lighting 4,477 4,275 4,183 (18) — Culture and recreation 75 111 173 1,771 1,170
Housing rehabilitation 1,883 2,645 3,071 1,434 1,066
Operating grants and contributions 21,384 18,853 15,791 32,956 32,096 Capital grants and contributions 1,445 2,462 1,638 10,265 6,059 51,389 54,010 51,847 63,885 58,402
Business-type activities:

Charges for services:

Sewer 15,664 15,626 16,534 14,845 14,186
Water 20,124 20,512 18,342 18,672 19,491
Port 1,734 1,576 1,632 2,201 2,650
Refuse 11,957 11,851 11,561 11,265 10,291
Operating grants and contributions 5 — 206 230 536
Capital grants and contributions — — — — —
49,484 49,565 48,275 47,213 47,154
$ 100,873 $ 103,575 $ 100,122 $ 111,098 $ 105,556

NET (EXPENSES) REVENUES
Governmental activities $ (128,487) $ (85,739) $ (73,147) $ (37,210) $ (55,386) Business-type activities 6,667 850 8,479 6,146 3,994
$ (121,820) $ (84,889) $ (64,668) $ (31,064) $ (51,392) *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, CALIFORNIA

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS
(accrual basis of accounting)
(amounts expressed in thousands)
238
ATTACHMENT 1
1350
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2020 2019 2018 2017 2016

EXPENSES
Governmental activities:

General government $ 24,505 $ 12,868 $ 7,814 $ 5,534 $ 8,404 Public works 30,331 36,672 32,062 22,356 19,521
Public safety 39,586 37,522 35,357 40,119 34,171
Community development 7,563 5,820 4,809 6,567 7,002
Landscaping and street lighting 3,443 4,371 2,847 2,462 2,323 Culture and recreation 7,204 7,004 8,943 9,008 9,194
Housing rehabilitation 1,361 346 873 493 584
Interest on long-term debt 734 898 864 916 959
114,727 105,501 93,569 87,455 82,158
Business-type activities:

Sewer 14,539 13,443 13,028 13,684 12,010
Water 13,722 12,831 13,925 13,673 11,283
Port 2,955 2,778 3,600 3,181 3,111
Refuse 8,623 7,637 7,409 7,194 7,046
39,839 36,689 37,962 37,732 33,450
154,566 142,190 131,531 125,187 115,608

PROGRAM REVENUES
Governmental activities:

Charges for services:

General government 2,916 3,579 1,730 2,289 2,984
Public works 5,048 4,094 3,714 2,938 3,041
Public safety 707 871 874 639 748
Community development 6,872 4,600 3,737 3,487 2,884
Landscaping and street lighting 144 14 16 142 —
Culture and recreation 1,911 2,754 2,698 2,692 2,724
Housing rehabilitation 1,430 774 381 277 167
Operating grants and contributions 24,360 21,844 17,526 17,477 22,332 Capital grants and contributions 18,069 8,091 21,742 7,178 5,424 61,457 46,621 52,418 37,119 40,304
Business-type activities:

Charges for services:

Sewer 15,506 13,393 12,894 13,037 11,613
Water 17,252 15,174 14,759 11,693 10,719
Port 2,591 2,628 2,538 2,736 2,268
Refuse 9,769 9,168 8,387 7,318 7,151
Operating grants and contributions 320 264 229 570 553
Capital grants and contributions — — — 1,025 —
45,438 40,627 38,807 36,379 32,304
106,895 87,248 91,225 73,498 72,608

NET (EXPENSES) REVENUES
Governmental activities (53,270) (58,880) (41,151) (50,336) (41,854) Business-type activities 5,599 3,938 845 (1,353) (1,146) $ (47,671) $ (54,942) $ (40,306) $ (51,689) $ (43,000)
*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, CALIFORNIA

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS
(accrual basis of accounting)
(amounts expressed in thousands)
239
ATTACHMENT 1
1351
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2025 2024 2023 2022 2021

GENERAL REVENUES AND OTHER CHANGES IN

NET POSITION
Governmental activities:

Taxes
Property Taxes $ 48,231 $ 45,437 $ 42,406 $ 33,244 $ 31,970 Sales and use tax 50,898 46,470 44,511 43,864 38,959
Transient occupancy tax 2,378 2,357 2,845 2,200 1,298
Other taxes 7,689 7,037 7,695 3,722 3,238
Intergovernmental, unrestricted — — — 58 103
Investment earnings 12,994 10,699 3,364 (4,372) 500
Miscellaneous 3,309 3,574 10,091 59 87
Gain on disposal of capital assets — — — (8,308) 48
Transfers 6,672 5,847 4,590 3,666 4,361
Total governmental activities 132,171 121,421 115,502 74,133 80,564 Business-type activities:

Intergovernmental, unrestricted — — — — —
Investment earnings 6,280 5,370 3,998 (993) 352
Miscellaneous 603 681 794 1,651 3,084
Gain on disposal of capital assets — 6,577 — — (4,104)
Contributions to permanent fund (1,184) — — — —
Transfers (6,672) (5,847) (4,590) (3,666) (4,300)
Total business-type activities (973) 6,781 202 (3,008) (4,968) Total primary government 131,198 128,202 115,704 71,125 75,596 Changes in Net Position
Governmental activities 3,684 35,682 42,355 36,923 25,178 Business-type activities 5,694 7,631 8,681 3,138 (974)
Total primary government $ 9,378 $ 43,313 $ 51,036 $ 40,061 $ 24,204 *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, CALIFORNIA

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS
(accrual basis of accounting)
(amounts expressed in thousands)
240
ATTACHMENT 1
1352
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2020 2019 2018 2017 2016

GENERAL REVENUES AND OTHER CHANGES IN

NET POSITION
Governmental activities:

Taxes
Property Taxes $ 30,194 $ 26,540 $ 25,013 $ 23,860 $ 22,424 Sales and use tax 34,898 33,286 27,008 23,034 24,034
Transient occupancy tax 1,481 1,897 1,686 1,580 1,421
Other taxes 3,122 3,023 2,958 1,811 1,756
Intergovernmental, unrestricted 1,673 259 1,310 75 65
Investment earnings 4,974 1,708 1,544 1,556 2,215
Miscellaneous 1,021 4,762 1,037 1,974 208
Gain on disposal of capital assets — — — — —
Transfers (930) 7,947 5,438 (646) (1,201)
Total governmental activities 76,433 79,422 65,994 53,244 50,922 Business-type activities:

Intergovernmental, unrestricted — — — — 100
Investment earnings 1,143 1,080 384 192 219
Miscellaneous 272 2 282 — 53
Gain on disposal of capital assets — 1,760 211 — 882
Contributions to permanent fund — — — — —
Transfers 930 (7,947) (5,438) 646 1,201
Total business-type activities 2,345 (5,105) (4,561) 838 2,455 Total primary government 78,778 74,317 61,433 54,082 53,377 Changes in Net Position
Governmental activities 23,163 20,542 24,843 2,908 9,068 Business-type activities 7,944 (1,167) (3,716) (515) 1,309 Total primary government $ 31,107 $ 19,375 $ 21,127 $ 2,393 $ 10,377 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. * 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.

CITY OF WEST SACRAMENTO, CALIFORNIA

CHANGES IN NET POSITION

LAST TEN FISCAL YEARS
(accrual basis of accounting)
(amounts expressed in thousands)
241
ATTACHMENT 1
1353

FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
(amounts expressed in thousands)
Fund Balances of Governmental Funds - Last Ten Fiscal Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2025 2024 2023 2022 2021

GENERAL FUND
Nonspendable $ 7,972 $ 6,690 $ 8,908 $ 8,579 $ 8,331
Restricted — — — 136 136
Committed 39,781 26,619 31,190 17,115 17,116
Assigned — — — — —
Unassigned 27,644 45,797 25,030 40,338 24,451
TOTAL GENERAL FUND $ 75,397 $ 79,106 $ 65,128 $ 66,168 $ 50,034

ALL OTHER GOVERNMENTAL FUNDS
Nonspendable $ 13,186 $ 14,018 $ 11,995 $ 1,722 $ 8,605 Restricted 154,076 159,901 152,855 104,212 109,588
Committed 81,807 71,901 77,974 109,626 82,416
Assigned 339 471 677 354 355
Unassigned, reported in
Special revenue funds (2) (4) (5) (6) (1)
Debt service funds — (19) — — —
Capital projects funds (5,422) (7,805) (6,082) (6,898) (7,921)

TOTAL ALL OTHER
GOVERNMENTAL FUNDS $ 243,984 $ 238,463 $ 237,414 $ 209,010 $ 193,042 *There may be immaterial rounding differences between the figures presented in this table and in the balance sheet of governmental funds presented within the Financial Section.

CITY OF WEST SACRAMENTO, CALIFORNIA
242
ATTACHMENT 1
1354
FUND BALANCES OF GOVERNMENTAL FUNDS (Continued)

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
(amounts expressed in thousands)
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2020 2019 2018 2017 2016

GENERAL FUND
Nonspendable $ 8,929 $ 7,921 $ 8,884 $ 8,982 $ 9,353
Restricted 136 — — — 1,900
Committed 13,898 14,166 14,282 9,613 9,293
Assigned — — 3,168 3,169 3,716
Unassigned 24,361 32,936 20,452 25,162 16,030
TOTAL GENERAL FUND $ 47,324 $ 55,023 $ 46,786 $ 46,926 $ 40,292

ALL OTHER GOVERNMENTAL FUNDS
Nonspendable $ 1,679 $ 13,083 $ 61,243 $ 60,553 $ 56,403 Restricted 107,776 88,564 30,750 27,510 33,085
Committed 77,679 40,242 40,906 19,010 20,000
Assigned 359 — — 335 332
Unassigned, reported in
Special revenue funds 1,256 80 — (35) (631)
Debt service funds — — — — —
Capital projects funds (11,424) (4,459) (6,271) (6,427) (6,551)

TOTAL ALL OTHER
GOVERNMENTAL FUNDS $ 177,325 $ 137,510 $ 126,628 $ 100,946 $ 102,638 * 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. *There may be immaterial rounding differences between the figures presented in this table and in the balance sheet of governmental funds presented within the Financial Section.

CITY OF WEST SACRAMENTO, CALIFORNIA
243
ATTACHMENT 1
1355
Changes in Fund Balances of Governmental Funds - Last Ten Fiscal Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2025 2024 2023 2022 2021

REVENUES
Taxes $ 91,287 $ 85,942 $ 81,291 $ 77,359 $ 70,070
Special benefit assessment for operations 14,296 12,200 13,191 13,938 12,083 Contributions from developers and homeowners 1,576 3,157 1,410 1,431 2,404 Franchise fees 3,614 3,027 2,975 2,681 2,579
Licenses and permits 5,778 9,861 14,822 18,661 10,070
Fines and forfeitures 301 315 250 266 268
Use of money and property 12,994 10,529 3,364 (4,338) 569 Intergovernmental revenues 24,106 23,176 23,205 19,505 22,899 Charges for services 18,967 15,061 15,101 9,790 9,482
Contributions from CFDs - 114 160 - -
Program income - - - -
Other revenues 3,309 4,128 1,990 3,574 3,569
176,228 167,510 157,759 142,867 133,993

EXPENDITURES
General government 30,667 25,502 25,023 25,831 29,979
Public works 30,582 22,908 17,251 10,998 9,743
Public safety 51,891 45,312 42,036 40,747 38,530
Community development 13,323 7,470 6,025 5,725 5,374
Landscaping and street lighting 4,463 4,421 3,800 3,491 2,987 Culture and recreation 12,249 10,061 9,457 8,225 7,643
Housing rehabilitation 1,851 1,460 6,483 1,755 1,038
Operations and maintenance - - - 103 -
Capital outlay 41,101 40,477 29,620 19,363 22,920
Debt service:

Principal payments 1,809 2,217 5,635 1,370 2,205
Issuance costs paid - - - - -
Interest and fiscal charges 844 422 431 330 404
188,780 160,250 145,761 117,938 120,823
Excess (deficiency) of revenues over expenditures (12,552) 7,260 11,998 24,929 13,170

OTHER FINANCING SOURCES (USES)
Proceeds from sale of capital assets 277 1,182 9,866 846 52 Proceeds from issuance of debt - - - 2,661 -
Leases issuance - 665 469 - -
Subscriptions issuance 7,414 74 396 - -
Transfers in 68,767 50,691 73,968 52,691 36,112
Transfers out (62,095) (44,844) (69,378) (49,025) (31,751) 14,363 7,768 15,321 7,173 4,413
Net change in fund balances $ 1,811 $ 15,028 $ 27,319 $ 32,102 $ 17,583 Debt service as a percentage of noncapital
expenditures 1.8% 2.2% 5.2% 1.7% 2.7%

CITY OF WEST SACRAMENTO, CALIFORNIA

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
(amounts expressed in thousands)
244
ATTACHMENT 1
1356
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2020 2019 2018 2017 2016

REVENUES
Taxes $ 64,450 $ 62,037 $ 54,070 $ 48,675 $ 48,106
Special benefit assessment for operations 12,854 10,617 9,085 8,533 8,590 Contributions from developers and homeowners 6,119 2,496 15,008 4,626 6,006 Franchise fees 2,459 2,359 2,298 1,335 1,252
Licenses and permits 20,553 6,486 6,616 4,296 2,944
Fines and forfeitures 382 325 297 242 286
Use of money and property 5,513 4,191 1,256 364 1,076
Intergovernmental revenues 10,539 13,047 8,957 8,816 11,334 Charges for services 10,849 10,774 9,427 8,734 7,542
Contributions from CFDs - - - - -
Program income - - - - -
Other revenues 4,064 2,675 2,211 3,896 2,240
137,782 115,007 109,225 89,517 89,376

EXPENDITURES
General government 20,198 18,256 11,883 2,370 6,803
Public works 19,400 15,129 13,778 12,330 10,924
Public safety 35,820 33,948 31,743 36,476 34,155
Community development 7,281 5,419 4,501 6,258 6,896
Landscaping and street lighting 3,353 4,282 2,755 2,462 2,315 Culture and recreation 8,516 8,495 8,183 7,573 8,089
Housing rehabilitation 1,355 533 873 493 593
Operations and maintenance - - - - -
Capital outlay 13,529 19,743 14,958 12,493 18,340
Debt service:

Principal payments 6,714 3,312 2,911 3,061 2,686
Issuance costs paid - - - - 35
Interest and fiscal charges 738 818 836 889 922
116,904 109,935 92,421 84,405 91,758
Excess (deficiency) of revenues over expenditures 20,878 5,072 16,804 5,112 (2,382)

OTHER FINANCING SOURCES (USES)
Proceeds from sale of capital assets 766 4,300 3,300 123 22 Proceeds from issuance of debt 1,587 1,800 - 353 3,323
Leases issuance - - - - -
Subscriptions issuance - - - - -
Transfers in 68,289 33,282 32,615 11,870 16,815
Transfers out (65,635) (25,334) (27,178) (12,516) (18,016) 5,007 14,048 8,737 (170) 2,144
Net change in fund balances $ 25,885 $ 19,120 $ 25,541 $ 4,942 $ (238) Debt service as a percentage of noncapital
expenditures 7.2% 4.6% 4.8% 5.5% 5.0%
* 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.
*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.

CITY OF WEST SACRAMENTO, CALIFORNIA

CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS

LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
(amounts expressed in thousands)
245
ATTACHMENT 1
1357
Revenue Capacity Information
246
ATTACHMENT 1
1358
Assessed Value and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years Fiscal Total
Year Total Taxable Direct
Ended Residential Commercial Industrial Rural Assessed Tax June 30 Property Property Property Property Value (1) Rate 2016 $ 3,198,076,385 $ 872,281,981 $ 1,170,227,505 $ 407,490,615 $ 5,648,076,486 1.0000 2017 $ 3,418,952,537 $ 876,707,082 $ 1,210,252,185 $ 462,111,815 $ 5,968,023,619 1.0000 2018 $ 3,610,347,763 $ 898,080,802 $ 1,224,327,014 $ 501,047,158 $ 6,233,802,737 1.0000 2019 $ 3,884,799,486 $ 944,285,643 $ 1,291,970,705 $ 517,487,447 $ 6,638,543,281 1.0000 2020 $ 4,110,320,466 $ 973,893,515 $ 1,406,994,230 $ 512,100,250 $ 7,003,308,461 1.0000 2021 $ 4,342,310,427 $ 1,009,161,397 $ 1,511,345,319 $ 556,240,478 $ 7,419,057,621 1.0000 2022 $ 4,577,837,429 $ 1,028,381,543 $ 1,701,981,247 $ 513,356,056 $ 7,821,556,275 1.0000 2023 $ 5,005,441,743 $ 1,028,998,445 $ 2,008,909,065 $ 485,339,634 $ 8,528,688,887 1.0000 2024 $ 5,385,110,975 $ 1,047,729,768 $ 2,234,336,759 $ 619,603,307 $ 9,286,780,809 1.0000 2025 $ 5,759,790,256 $ 1,052,336,299 $ 2,357,422,565 $ 620,741,465 $ 9,790,290,585 1.0000 (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).

NOTE 1: In 1978 the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of 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.

Sources: Assessed value data provided by the California Municipal Statistics, Inc.

CITY OF WEST SACRAMENTO, CALIFORNIA

ASSESSED VALUE AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY

LAST TEN FISCAL YEARS
(tax rate per $100 of assessed value)
247
ATTACHMENT 1
1359
Direct and Overlapping Property Tax Rates - Last Ten Fiscal Years City Direct Rates Overlapping Rates
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 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
2024 1.0000 - 1.0000 0.2480 0.0192 1.2672 1.5344
2025 1.0000 - 1.0000 0.1425 0.0200 1.1625 1.3250
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 shared by all taxing agencies for which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property values for the payment of Washington Unified School District and Los Rios Community College District bonds.

Sources: Assessed value data provided by the California Municipal Statistics, Inc.

CITY OF WEST SACRAMENTO, CALIFORNIA

DIRECT AND OVERLAPPING PROPERTY TAX RATES

LAST TEN FISCAL YEARS
(rate per $100 of assessed value)
248
ATTACHMENT 1
1360
Principal Property Taxpayers - Current Year and Nine Years Ago 2025 2016
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. $ 162,366,619 1.71% MSHQLLC $ 119,242,883 2.11% West Sacramento Multifamily
LLC 107,147,533 1.10% Harsch Investment Corp. 107,622,571 1.91% Ginkgo Bioworks Inc. 93,952,920 1.09% Bayer Cropscience LP 73,436,207 1.30% Sac Ziggurat LLC 89,182,624 0.90% Westcore Delta LLC 72,482,062 1.28% BRE Delta Industrial Sac LP 85,001,714 0.80% Tony Ingoglia Salami & Cheese Co. Inc. 54,726,772 0.97% USCLP CA Southport LLC 76,349,880 0.80% Farmers" Rice Co-op 51,988,242 0.92% West Capitol Commons LLC 73,810,134 0.78% River City Land Holding Co. LLC 50,288,352 0.89% Farmers' Rice Co-Op 69,543,142 0.69% West Capitol Commons LLC 49,314,923 0.87% BixbyLand Company 65,690,325 0.69% Excel Riverpoint LLC 44,134,030 0.78% 801 Riverfront Property
Owner LLC 59,215,140 0.68% IKEA Property Inc. 43,631,468 0.77% Total $ 882,260,031 9.24% Total $ 666,867,510 11.80%
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, CALIFORNIA

PRINCIPAL PROPERTY TAXPAYERS

CURRENT YEAR AND NINE YEARS AGO
Calendar Year
249
ATTACHMENT 1
1361
Debt Capacity Information
250
ATTACHMENT 1
1362
Property Tax Levies and Collections - Last Ten Fiscal Years Fiscal Collected within the
Year Taxes Levied Fiscal Year of the Levy Collections Total Collections to Date Ended for the Percentage in Subsequent Percentage
June 30 Fiscal Year Amount (1) of Levy Years Amount of Levy 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% 2024 $ 55,196,417 $ 55,196,417 100.0% N/A $ 55,196,417 100.0% 2025 $ 49,191,158 $ 49,191,158 100.0% N/A $ 49,191,158 100.0% (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) and $5,068,650 (2021). The amounts presented 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).

Sources: Yolo County Auditor-Controller and City of West Sacramento Finance Department

CITY OF WEST SACRAMENTO, CALIFORNIA

PRINCIPAL PROPERTY TAXPAYERS

CURRENT YEAR AND NINE YEARS AGO
Calendar Year
251
ATTACHMENT 1
1363
Ratios of Outstanding Debt by Type - Last Ten Fiscal Years Governmental Activities
Fiscal
Year Tax Lease General Pension
Ended Allocation Revenue Other Obligation Obligation Bond Leases SBITA June 30 Bonds Bonds Debt Bonds Bonds Premium Payable Payable 2016 [1] $ — $ 12,334 $ 6,468 $ — $ 6,403 $ — $ — $ —
2017 [1] $ — $ 11,610 $ 5,897 $ — $ 4,990 $ — $ — $ —
2018 [1] $ — $ 10,860 $ 5,309 $ — $ 3,418 $ — $ — $ —
2019 [1] $ — $ 10,084 $ 6,324 $ — $ 1,737 $ — $ — $ —
2020 [1] $ — $ 5,049 $ 7,018 $ — $ 878 $ — $ — $ —
2021 [1] $ — $ 4,602 $ 6,139 $ — $ — $ — $ — $ —
2022 [1] $ — $ 4,147 $ 5,308 $ — $ — $ — $ 1,757 $ —
2023 [1] $ — $ — $ 5,206 $ — $ — $ — $ 1,733 $ 324
2024 [1] $ — $ — $ 4,435 $ — $ — $ — $ 1,900 $ 300
2025 [1] $ — $ — $ 12,733 $ — $ — $ — $ 3,062 $ 483
Business-type Activities
Water Sewer Port Total Percentage
Revenue Revenue Revenue Other Bond Leases SBITA Primary of Personal Per Bonds Bonds Bonds Debt Premium Payable Payable Government Income Capita $ 54,090 $ 320 $ — $ 7,810 $ 4,457 $ — $ — $ 91,882 7.84 % $ 1,731 $ 52,240 $ 220 $ — $ 5,712 $ 4,193 $ — $ — $ 84,862 6.75 % $ 1,596 $ 65,190 $ 9,010 $ — $ 5,231 $ 4,601 $ — $ — $ 103,619 7.91 % $ 1,913 $ 67,018 $ 9,046 $ — $ 5,110 $ 4,315 $ — $ — $ 103,634 7.06 % $ 1,922 $ 64,379 $ 8,864 $ — $ 4,692 $ 4,028 $ — $ — $ 94,908 6.03 % $ 1,773 $ 68,010 $ 8,677 $ — $ 3,695 $ 1,262 $ — $ — $ 92,385 5.30 % $ 1,712 $ 58,435 $ 8,300 $ — $ 3,455 $ 976 $ 29 $ — $ 82,407 4.46 % $ 1,536 $ 55,060 $ 8,105 $ — $ 2,334 $ 689 $ 12 $ 224 $ 73,687 3.30 % $ 1,338 $ 51,530 $ 7,900 $ — $ 1,880 $ 533 $ — $ 180 $ 68,658 2.95 % $ 1,230 $ 47,880 $ 7,690 $ — $ 1,304 $ 510 $ 99 $ 169 $ 73,930 3.17 % $ 1,320 [1] 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, CALIFORNIA

RATIOS OF OUTSTANDING DEBT BY TYPE

LAST TEN FISCAL YEARS
(dollars in thousands, except per capita)
252
ATTACHMENT 1
1364
Ratios of General Bonded Debt Outstanding - Last Ten Fiscal Years General Bonded Debt Outstanding
Percentage of
Fiscal General Tax Pension Actual Taxable
Year Obligation Allocation Obligation Value of Per
June 30 Bonds [1] Bonds Bonds Total Property Capita
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 $ - $ - $ - $ - -% $ -
2022 $ - $ - $ - $ - -% $ -
2023 $ - $ - $ - $ - -% $ -
2024 $ - $ - $ - $ - -% $ -
2025 $ - $ - $ - $ - -% $ -
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).

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, CALIFORNIA

RATIOS OF GENERAL BONDED DEBT OUTSTANDING

LAST TEN FISCAL YEARS
(dollars in thousands, except per capita)
253
ATTACHMENT 1
1365
Direct and Overlapping Governmental Activities Debt
2024-25 Assessed Valuation $10,513,665,297
Los Rios Community College District 3.760 % $ 356,335,000 $13,398,196 Washigton Unified School District 99.942 % 156,564,182 156,473,375 River Delta Joint Unified School District School
Facilities Improvement District No. 2 1.395 % 17,934,996 224,087 California Municipal Finance Authority Community
Facilities District No. 2021-6, I.A. No. 2. 100 % 10,910,000 10,910,000 California Statewide Communities Development
Authority Community Facilities District No. 2024-23 100 % 3,435,000 3,435,000 City of West Sacramento Community Facilities
District No. 8 100 % 14,232,139 14,232,139
City of West Sacramento Community Facilities
District No. 9 100 % 70,000 70,000
City of West Sacramento Community Facilities
District No. 10 100 % 8,343,302 8,343,302
City of West Sacramento Community Facilities
District No. 11 100 % 1,446,160 1,446,160
City of West Sacramento Community Facilities
District No. 12 100 % 1,724,514 1,724,514
City of West Sacramento Community Facilities
District No. 14 100 % 6,280,000 6,280,000
City of West Sacramento Community Facilities
District No. 15 100 % 875,880 875,880
City of West Sacramento Community Facilities
District No. 16 100 % 6,630,351 6,630,351
City of West Sacramento Community Facilities
District No. 17 100 % 2,930,000 2,930,000
City of West Sacramento Community Facilities
District No. 18 100 % 419,639 419,639
City of West Sacramento Community Facilities
District No. 19 100 % 1,430,199 1,430,199
City of West Sacramento Community Facilities
District No. 20 100 % 6,035,000 6,035,000
City of West Sacramento Community Facilities
District No. 21 100 % 1,900,000 1,900,000
City of West Sacramento Community Facilities
District No. 23 100 % 4,210,000 4,210,000
City of West Sacramento Community Facilities
District No. 24 100 % 830,000 830,000
City of West Sacramento Community Facilities
District No. 27 100 % 25,125,000 25,125,000
City of West Sacramento Community Facilities
District No. 29 100 % 3,325,000 3,325,000
California Statewide Communities Development
Authority 1915 Act Bonds 100 % 9,265,833 9,265,833
West Sacramento Area Flood Control District
Assessment District 100 % 32,900,000 32,900,000

TOTAL OVERLAPPING TAX AND ASSESSMENT
DEBT 673,152,195 312,413,675

DIRECT AND OVERLAPPING GENERAL FUND
DEBT
Yolo County Certificates of Participation 27.525 % 48,976,262 13,480,716 Debt as of Estimated share of
OVERLAPPING TAX AND ASSESSMENT DEBT % Applicable (1) June 30, 2025 overlapping debt

CITY OF WEST SACRAMENTO, CALIFORNIA

DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
As of June 30, 2025
254
ATTACHMENT 1
1366
Yolo County Board of Education Certificates of
Participation 27.525 % 9,037,587 2,487,596
Washington Unified School District Certificates of
Participation 99.942 % 60,206,963 60,172,043
City of West Sacramento General Fund Obligations 100 % 12,684,182 12,684,182

TOTAL GROSS DIRECT AND OVERLAPPING
GENERAL FUND DEBT 130,904,994 88,824,538
Less: City of West Sacramento supported
obligations 5,219,369

TOTAL NET DIRECT AND OVERLAPPING
GENERAL FUND DEBT 83,605,169

OVERLAPPING TAX INCREMENT DEBT
City of West Sacramento Successor Agency 100 % 48,827,815 48,827,815 TOTAL GROSS DIRECT DEBT 12,684,182
TOTAL NET DIRECT DEBT 7,464,813
TOTAL OVERLAPPING DEBT $ 437,407,951
GROSS COMBINED TOTAL DEBT $450,066,028
NET COMBINED TOTAL DEBT $444,846,659
(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.

Ratios to 2023-2024 Assessed Valuation
Total Overlapping Tax and Assessment Debt 2.97 %
Total Gross Direct Debt ($14,860,260) 0.06 %
Total Net Direct Debt ($6,698,783) 0.01 %
Gross Combined Total Debt 4.22 %
Net Combined Total Debt 4.17 %
Ratios to Redevelopment Successor Agency
Incremental Valuation ($4,710,608,164):

Total Overlapping Tax Increment Debt 0.97 %
NOTE 1: For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated 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 those overlapping governments that is borne by the residents and businesses of the City. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is a resident, and therefore responsible for repaying the debt, of each overlapping government.

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.

Sources: Assessed value data used to estimate applicable percentages provided by the California Municipal Statistics, Inc. Debt outstanding data provided by City of West Sacramento Finance Department.

Debt as of Estimated share of
OVERLAPPING TAX AND ASSESSMENT DEBT % Applicable (1) June 30, 2025 overlapping debt

CITY OF WEST SACRAMENTO, CALIFORNIA

DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
As of June 30, 2025
255
ATTACHMENT 1
1367
Legal Debt Margin Information - Last Ten Fiscal Years
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2025 2024 2023 2022 2021
Assessed valuation $ 10,513,665,297 $ 9,965,453,733 $ 8,343,982,998 $ 7,930,488,246 $ 7,495,234,615 Conversion percentage 25% 25% 25% 25% 25%
Adjusted assessed valuation $ 2,628,416,324 $ 2,491,363,433 $ 2,085,995,750 $ 1,982,622,062 $ 1,873,808,654 Debt limit percentage 15 % 15 % 15 % 15 % 15 %
Debt limit $ 394,262,449 $ 373,704,515 $ 312,899,363 $ 297,393,309 $ 281,071,298 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 $ 394,262,449 $ 373,704,515 $ 312,899,363 $ 297,393,309 $ 281,071,298 Total debt applicable to the limit as a
percentage of debt limit N/A N/A N/A N/A N/A

CITY OF WEST SACRAMENTO, CALIFORNIA

LEGAL DEBT MARGIN INFORMATION

LAST TEN FISCAL YEARS
256
ATTACHMENT 1
1368
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2020 2019 2018 2017 2016
Assessed valuation $ 7,130,020,432 $ 6,714,994,092 $ 6,638,543,281 $ 5,968,023,619 $ 5,648,076,486 Conversion percentage 25% 25% 25% 25% 25%
Adjusted assessed valuation $ 1,782,505,108 $ 1,678,748,523 $ 1,659,635,820 $ 1,492,005,905 $ 1,412,019,122 Debt limit percentage 15% 15% 15% 15% 15%
Debt limit $ 267,375,766 $ 251,812,278 $ 248,945,373 $ 223,800,886 $ 211,802,868 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 $ 267,375,766 $ 251,812,278 $ 248,945,373 $ 223,800,886 $ 211,802,868 Total debt applicable to the limit as a
percentage of debt limit N/A N/A N/A N/A N/A
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.

CITY OF WEST SACRAMENTO, CALIFORNIA

LEGAL DEBT MARGIN INFORMATION

LAST TEN FISCAL YEARS
257
ATTACHMENT 1
1369
Pledged - Revenue Coverage - City - Last Ten Fiscal Years:

Continuing Disclosure Water Revenue Bonds and Redevelopment Agency Tax Allocation Bonds and Successor Agency Bonds
Water Revenue Bonds Successor Agency Bonds
Less Net Tax
Fiscal Operating Operating Available Debt Service Increment Debt Service Year Revenues (1) Expenses (2) Revenue Principal Interest Coverage Collections (4) Principal Interest Coverage 2016(3) $ 11,787 $ 5,696 $ 6,091 $ 1,775 $ 2,592 $ 1.39 $ 19,742 $ 4,370 $ 4,096 $ 2.33 2017(3) $ 12,851 $ 7,451 $ 5,400 $ 1,850 $ 2,501 $ 1.24 $ 20,817 $ 4,566 $ 3,614 $ 2.54 2018(3) $ 15,305 $ 7,914 $ 7,391 $ 1,925 $ 2,656 $ 1.61 $ 21,389 $ 4,746 $ 3,520 $ 2.59 2019(3) $ 15,362 $ 6,764 $ 8,598 $ 2,280 $ 2,869 $ 1.67 $ 22,735 $ 4,984 $ 3,296 $ 2.75 2020(3) $ 17,425 $ 5,458 $ 11,967 $ 2,360 $ 2,767 $ 2.33 $ 26,632 $ 4,351 $ 3,090 $ 3.58 2021(3) $ 17,754 $ 6,762 $ 10,992 $ 3,360 $ 1,412 $ 2.30 $ 28,674 $ 4,496 $ 2,911 $ 3.87 2022(3) $ 18,185 $ 9,420 $ 8,765 $ 3,155 $ 1,796 $ 1.77 $ 30,915 $ 4,671 $ 2,853 $ 4.11 2023(3) $ 18,786 $ 7,963 $ 10,823 $ 3,375 $ 1,521 $ 2.21 $ 34,561 $ 4,872 $ 2,532 $ 4.67 2024(3) $ 20,582 $ 10,794 $ 9,788 $ 3,530 $ 1,375 $ 2.00 $ 39,302 $ 5,071 $ 2,532 $ 5.17 2025(3) $ 32,779 $ 26,973 $ 5,806 $ 3,650 $ 1,250 $ 1.18 $ 42,133 $ 5,282 $ 2,115 $ 5.70 (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. (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. (4) Pledged tax increment beginning in 2012 is based on gross receipts net of County of Yolo administration expenses and statutory passthrough 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, CALIFORNIA

PLEDGED-REVENUE COVERAGE - CITY

LAST TEN FISCAL YEARS
(dollars in thousands)
258
ATTACHMENT 1
1370
Demographic and Economic Information
259
ATTACHMENT 1
1371
Demographic and Economic Statistics - Last Ten Fiscal Years Personal Per
Income Capita
Calendar (thousands Personal Unemployment
Year Population of dollars) Income Rate
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%
2024 55,842 $ 2,325,987 $ 41,653 4.6%
2025 55,991 $ 2,332,193 $ 41,653 5.3%
Sources: State Department of Finance and City of West Sacramento Finance Department

CITY OF WEST SACRAMENTO, CALIFORNIA

DEMOGRAPHIC AND ECONOMIC STATISTICS

LAST TEN FISCAL YEARS
260
ATTACHMENT 1
1372
Principal Employers - Current Year and Nine Years Ago
2025 2015
Number of Percentage of Number of Percentage of
Employer Employees Employment Employer Employees Employment Department of General
Services 3,000 26% U.S. Postal Service 1,605 12%
CalSTRS 1,401 12% State of California, General Services 1,960 15% Washington Unified School
District 766 7% California Teachers' Retirement System 1,215 9% Tony's Fine Foods 620 5% United Parcel Service (UPS) 1,182 9% United Postal Service 580 5% Affiliated Computer Services 900 7% City of West Sacramento 400 3% Washington Unified School District 750 6% Blazona Construction 400 3% Raley's/Bel Air 634 5%
Walmart 397 3% Tony's Fine Foods 500 4%
Raley's/ Bel Air Markets
Headquarters 360 3% Nor-Cal Beverage 500 4%
Fedex 300 3% Clark Pacific 439 3%
Clark Pacific 300 3% Coventry Healthcare 400 3%
Capital Express Lines 300 3% ABM Janitorial 400 3%
Beckman Coulter 300 3% Hunter Douglas/Bytheway's Inc. 400 3% IKEA 313 3% Walmart 391 3%
McGuire & Hester 300 3% City of West Sacramento 362 3%
Brown Construction 175 2% Siemens Healthcare Diagnostics 286 2% KOVR 240 2% Xyratex International 282 2%
Broadbase Inc. 220 2% West Sacramento IKEA Home Furnishings 256 2% CA Department of
Technology 200 2% Farmers' Rice Cooperative 250 2%
Golden Brands 150 1% KOVR TV 13 231 2%
IDEXX Laboratories 175 2% IDEXX Veterinary Services 171 1% Target Store #2268 167 1% Target Corporation 150 1%
Farmers Rice 200 2% Home Depot 103 1%
Lowe's Home
Improvemement 175 2% Lowe's 100 1%
Holt of California 150 1%
11,589 13,467
Note: Principal employer data for 2016 was not available at the time of the ACFR’s completion; therefore, 2015 information was utilized in the 2016 ACFR
Sources: Sacramento Business Journal and City Economic Development Department.

CITY OF WEST SACRAMENTO, CALIFORNIA

PRINCIPAL EMPLOYERS

CURRENT YEAR AND NINE YEARS AGO
261
ATTACHMENT 1
1373
Operating Information
262
ATTACHMENT 1
1374
Capital Assets Statistics by Function/Program - Last Ten Fiscal Years Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Function/Program 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Police:

Stations 1 1 1 1 1 1 1 1 1 1
Patrol Units per shift 14 14 14 15 15 15 14 14 14 14
Fire stations 5 5 5 5 5 5 5 5 5 5
Other public works:

Streets (miles) 214 210 198 198 195 194 193 193 199 220 Street lights 5243 5,145 5,115 5,069 5,069 5,048 4,953 4,845 5,368 4,968 Traffic signals 54 54 54 54 54 54 54 53 52 52
Parks and recreation:

Acreage
Owned* 116 116 116 116 116 116 113 113 - -
Maintained 186 186 186 186 186 186 186 186 167 167
Amenities
Play structures 27 27 27 27 27 27 24 24 24 24
Baseball/Softball Diamonds** 17 17 17 17 17 17 17 17 24 24 Soccer/Football Fields*** 7 7 7 7 7 7 7 7 14 14
Skateparks 1 1 1 1 1 1 1 1 1 1
Basketball/Sports Courts 9 9 9 9 9 9 9 9 8 8
Restrooms 12 11 10 10 10 10 9 9 8 8
Covered Picnic Areas 11 11 11 11 11 11 10 10 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) 28.00 28.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 Wastewater:

Sanitary sewers (miles) 203 203 198 198 198 196 206 190 181 190 Storm sewers (miles) 133 133 133 133 135 130 133 120 115 130 * 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, CALIFORNIA

CAPITAL ASSETS STATISTICS BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS
263
ATTACHMENT 1
1375
Principal Sales Tax Remitters - Current Year and Nine Years Ago 2025 2016
Top Ten Tax Remitters Top Ten Tax Remitters
IKEA IKEA Home Furnishings
Amazon MFA Xerox State Healthcare
Legends Sports Western Truck Parts-Equipment
Wal Mart Supercenter Walmart Stores
L&W Supply (Calply) Ramos Oil Company
Target Riverview International Trucks
Home Depot Holt of California
Lowes Home Depot
Vertiv Corporation Independent Electric Supply
Amazon Com Services Inc Target Stores
Source: City of West Sacramento Finance Department & by HDL

CITY OF WEST SACRAMENTO, CALIFORNIA

PRINCIPAL SALES TAX REMITTERS

CURRENT YEAR AND NINE YEARS AGO
264
ATTACHMENT 1
1376
Full-Time Equivalent City Government Employees by Function/Program - Last Ten Fiscal Years As of June 30
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Function/Program 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 General Government 123 111 106 105 95 94 77 76 70 81
Police 126 114 113 113 110 104 102 101 102 97
Fire 77 66 66 66 65 65 65 65 65 64
Refuse collection 0 0 0 0 0 0 0 0 0 0
Other public works 79 60 58 55 53 52 55 55 53 54
Redevelopment 0 0 0 0 0 0 0 0 0 0
Culture and recreation 54 44 39 39 42 42 43 44 45 33
Port 3 3 2 2 2 2 3 3 3 3
Water 24 22 22 22 22 22 22 20 20 21
Wastewater (Sewer) 12 12 12 11 11 11 11 10 10 10
Total 498 432 418 413 400 392 378 374 368 363
Source: City of West Sacramento Finance Department & HR Department

CITY OF WEST SACRAMENTO, CALIFORNIA

FULL-TIME EQUIVALENT CITY GOVERNMENT EMPLOYEES BY FUNCTION/PROGRAM

LAST TEN CALENDAR YEARS
265
ATTACHMENT 1
1377
Operating Indicators by Function/Program - Last Ten Fiscal Years Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Fiscal
Year
Function/Program 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 General government:

Building permits
issued 2,373 2,665 - 2,778 2,641 2,375 2,450 2,371 2,274 2,181 Building inspections
conducted 12,284 11,460 11,116 11,217 9,290 9,770 8,261 7,388 8,330 6,984 Police:

Calls for service 65,278 59,587 63,537 62,452 59,187 62,231 63,611 64,569 64,949 67,574 Parking violations 2,694 3,174 2,438 2,857 3,523 4,120 4,210 4,451 4,013 2,575 Traffic violations 5,392 2,776 3,453 3,164 2,872 5,060 5,675 5,792 6,181 6,101 Fire:

Total emergency
responses 11,622 11,810 11,290 11,001 10,416 11,878 9,325 9,351 9,596 9,047 Medical responses 6,898 6,923 6,801 6,516 6,019 5,321 5,920 5,971 6,218 5,414 Fires extinguished 813 772 628 711 750 630 154 429 394 470 Inspections 7,343 7,919 8,060 5,979 6,837 7,192 2,849 2,616 2,786 2,764 Refuse collection:

Refuse collected
(annual tons) 43,581 34,048 28,303 27,445 28,133 28,588 27,171 28,334 23,387 23,459 Recyclables collected
(annual tons) 13,080 14,114 13,754 14,077 14,252 13,791 12,521 13,554 10,988 11,671 Parks and recreation:

Recreation program
attendees 10,904 10,112 9,048 5,703 3,901 10,342 14,033 15,974 16,365 16,084 Recreation Center
pass holders 10,160 10,435 10,265 4,217 4,203 6,374 12,992 12,588 12,714 11,882 Port:

Tonnage (short tons) 970,674 1,036,947 815,485 920,340 1,022,883 827,248 722,947 763,634 697,187 516,040 Vessel calls 41 43 37 46 46 38 31 39 35 26
Water:

Water main breaks 11 13 23 22 28 25 15 20 23 58
Average daily
consumption 14 10 10 10 11 11 10 16 17 11
(millions of gallons)
Peak daily
consumption 17 16 16 16 17 17 18 18 19 24
(millions of gallons)
Source: Various City Departments

CITY OF WEST SACRAMENTO, CALIFORNIA

OPERATING INDICATORS BY FUNCTION/PROGRAM

LAST TEN FISCAL YEARS
266
ATTACHMENT 1
1378

CITY OF WEST SACRAMENTO, CALIFORNIA
FOR THE YEAR ENDED JUNE 30, 2025 SINGLE AUDIT REPORT
ATTACHMENT 2
1379

CITY OF WEST SACRAMENTO, CALIFORNIA
Single Audit Report
For the Year Ended June 30, 2025
ATTACHMENT 2
1380

CITY OF WEST SACRAMENTO, CALIFORNIA
Single Audit Report
For the Year Ended June 30, 2025
Table of Contents
Page
Number
Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ............................................................................................ 1 Independent 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 .......................................................................................................... 3 Schedule of Expenditures of Federal Awards
For the Year Ended June 30, 2025 ....................................................................................................................... 6 Notes to the Schedule of Expenditures of Federal Awards ...................................................................................... 7 Schedule of Findings and Questioned Costs
For the Year Ended June 30, 2025 ....................................................................................................................... 8 Summary Schedule of Prior Year Findings and Questioned Costs for the Year Ended June 30, 2024.................................................................................................................................. 10 ATTACHMENT 2
1381

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 (hereafter, the City), as of and for the year ended June 30, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated February 6, 2026.

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

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

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.

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 no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

ATTACHMENT 2
1382
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
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
February 6, 2026
2 ATTACHMENT 2
1383
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 (hereafter, 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, 2025. The City’s major federal programs are identified in the summary of auditors’ 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, 2025.

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 Auditors’ 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.
1384
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
Auditors’ 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.

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. 4 ATTACHMENT 2
1385
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
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, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements. We issued our report thereon dated February 6, 2026, 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 11, 2026 (Except for the Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance, which is dated February 6, 2026)
5 ATTACHMENT 2
1386

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Expenditures of Federal Awards
For the Year Ended June 30, 2025
Federal
Assistance Listing Passed-Through Total Federal
Number Unique Entity ID to Subrecipients Expenditures
U.S. Department of Housing and Urban Development:

Direct Programs:

CDBG Entitlements Grants Cluster
Community Development Block Grants/Entitlement Grants 14.218 N/A $ - $ 687,154 Total CDBG - Entitlements Grants Cluster - 687,154
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 - 7,822 HOME Investment Partnership Program- Beginning Loan Balance 14.239 L4JQPJ7N5NT4 - 2,987,634 Subtotal for 14.239 - 2,995,456
Community Development Block Grants/Entitlement Grants -Beginning Loan Balance* 14.228 L4JQPJ7N5NT4 - 7,258,680 Total U.S. Department of Housing and Urban Development - 10,941,290 U.S. Department of the Interior
Direct Program:

Reclamation States Emergency Drought Relief 15.514 N/A - 4,841 Passed-through the State of CA Natural Resources Agency Outdoor Recreation Acquisition, Development, and Planning 15.916 HQQMMCYAM1W3 - 97,122 Total U.S. Department of the Interior - 101,963
U.S. Department of Transportation
Passed-through Sacramento Area Council of Governments:

Highway Planning and Construction* 20.205 YXLCCEGACKS3 - 2,679 Reconnecting Communities Pilot 20.940 YXLCCEGACKS3 - 790 Total U.S. Department of Transportation - 3,469
U.S. Department of Justice
Direct Program:

Bulletproof Vest Partnership Program 16.607 N/A - 13,842 Passed-through the Board of State and Community Corrections Byrne SCIP Memorial Grant 16.579 NKT1QTN2XJZ9 - 52,136
Total U.S. Department of Justice - 65,978
U.S. Federal Highway Administration
Direct Program
Safe Streets & Roads for All 20.939 N/A - 195,793
Passed-through the State of California Business, Transportation and Housing Agency:

Highway Planning and Construction* 20.205 EHEGWCLJEVJ4 - 324,164 Passed-through the State of California Department of Transportation Highway Planning and Construction* 20.205 EHEGWCLJEVJ4 - 303,174 Passed-through Sacramento Area Council of Governments:

Highway Planning and Construction* 20.205 YXLCCEGACKS3 - 1,674,647 Subtotal for 20.205 - 2,301,985
Passed-through State of California Office of Traffic Safety:

State and Community Highway Safety 20.600 XCA4E3XL2KY7 - 39,899 Minimum Penalties for Repeat Offenders for Driving While Intoxicated 20.608 XCA4E3XL2KY7 - 28,192 Total U.S. Federal Highway Administration - 2,565,869
U.S. Department of Treasury
Passed-through the County of Yolo:

COVID-19 Coronavirus State and Local Fiscal Recovery Fund 21.027 GNBCAL3S6KM3 - 1,863,091 Passed-through the State of California Department of Finance:

COVID-19 Coronavirus State and Local Fiscal Recovery Fund 21.027 RN15SP9CPJE6 250,250 574,449 Subtotal for 21.027 250,250 2,437,540
Total U.S. Department of Treasury 250,250 2,437,540
U.S. Department of Homeland Security
Direct Program
SAFER Grant Program 97.083 N/A - 482,955
Passed-through the California Office of Emergency Services:

Disaster Grants- Public Assistance 97.036 UTM3S7LKYQZ4 - 6,557 Total U.S. Department of Homeland Security - 489,512
Total Expenditures of Federal Awards Including Loans $ 250,250 $ 16,605,621 * 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 ATTACHMENT 2
1387

CITY OF WEST SACRAMENTO, CALIFORNIA
Notes to the Schedule of Expenditures of Federal Awards For the Year Ended June 30, 2025
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 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, 2025, are as follows:

AL Number Program Name
Outstanding
Balance at
June 30, 2025

14.228 Community Development Block Grant - Loans
$ 7,246,454

14.239 HOME Investment Partnership Program - Loans 2,964,055

Total Loans Outstanding $ 10,210,509

7 ATTACHMENT 2
1388

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Findings and Questioned Costs
For the Year Ended June 30, 2025

SECTION I - SUMMARY OF AUDITORS' RESULTS
Financial Statements
Type of auditors' report issued: Unmodified Opinion
Internal control over financial reporting:
• Material weaknesses identified? yes X no
• Significant deficiencies identified? yes X none reported Noncompliance material to financial
statements noted? yes X 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)? yes X no
Identification of major programs:

Assistance Listing Number(s) Name of Federal Program or Cluster

14.228 Community Development Block Grant

20.205 Highway Planning & Construction
Dollar threshold used to distinguish
between type A and type B program $750,000
Auditee qualified as low-risk auditee? yes X no
8 ATTACHMENT 2
1389

CITY OF WEST SACRAMENTO, CALIFORNIA
Schedule of Findings and Questioned Costs
For the Year Ended June 30, 2025

SECTION II - FINANCIAL STATEMENT FINDINGS
No matters were reported.

SECTION III - FEDERAL AWARD FINDINGS AND QUESTIONED COSTS No matters were reported.
9 ATTACHMENT 2
1390
1110 West Capitol Avenue
West Sacramento, CA 95691
(916) 617Ͳ4500
www.cityofwestsacramento.org

CITY OF WEST SACRAMENTO, CALIFORNIA
Summary Schedule of Prior Year Findings and Questioned Costs For the Year Ended June 30, 2024
Finding 2024-001: Material Weakness- Cash Reconciliations Appropriate corrective actions were taken; this finding is considered resolved and is not repeated in the fiscal year ended June 30, 2025.

Finding 2024-002: Noncompliance/Significant Deficiency- Continuing Loan Compliance Appropriate corrective actions were taken; this finding is considered resolved and is not repeated in the fiscal year ended June 30, 2025.

Finding 2024-003: Noncompliance- FFATA Reporting
Appropriate corrective actions were taken; this finding is considered resolved and is not repeated in the fiscal year ended June 30, 2025.
10 ATTACHMENT 2
1391
LSLCPAS.COM
INDEPENDENT ACCOUNTANTS’ REPORT ON AGREED-UPON

PROCEDURES APPLIED TO APPROPRIATIONS LIMIT WORKSHEETS
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
We have performed the procedures enumerated below on the accompanying Appropriations Limit Worksheet No. 6 (or other alternative computation) of the City of West Sacramento, California, for the year ended June 30, 2025.

These procedures are the responsibility of the City, which were agreed to by the City of West Sacramento and the League of California Cities (as presented in the publication entitled Agreed-Upon Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution), were performed solely to assist the City of West Sacramento in meeting the requirements of Section 1.5 of Article XIII-B of the California Constitution. The City of West Sacramento’s management is responsible for the Appropriations Limit Worksheet No. 6 (or other alternative computation).

The City has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of recomputing the Appropriations Limit Worksheet No. 6 (or other alternative computation). This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes.

The procedures performed and our findings were as follows:

1. We obtained the completed Worksheets No. 1 through No. 7 (or other alternative computations) and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheets to those that were selected by a recorded vote of the City Council.

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

2. For the accompanying Appropriations Limit Worksheet No. 6, we multiplied line A, last year's limit, by line D, ratio of change and compared the resulting amount to line E, this year's limit.

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

3. We compared the current year information presented in the accompanying Appropriations Limit Worksheet No. 6 to the other worksheets described in No. 1 above.

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

4. We compared the prior year appropriations limit presented in the accompanying Appropriations Limit Worksheet No. 6 to the prior year appropriations limit adopted by the City Council for the prior year.

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

ATTACHMENT 3
1392
To the Honorable Mayor and Members of the City Council
City of West Sacramento, California
We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the AICPA. We were not engaged to and did not conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the accompanying Appropriations Limit Worksheet No. 6 (or other alternative computation). Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

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

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

Sacramento, California
May 28, 2025
ATTACHMENT 3
1393

CITY OF WEST SACRAMENTO
2024-2025

APPROPRIATIONS LIMIT CALCULATION
A. 2023-2024 APPROPRIATIONS LIMIT: $1,793,447,419
B. 2024-2025 CHANGE IN PER CAPITA PERSONAL
INCOME: 3.62%
C. 2024-2025 CHANGE IN POPULATION: 0.05%
D. RATIO OF CHANGE (1.0362 x 1.0005) x 1.0367181
E. 2024-2025 APPROPRIATIONS LIMIT: $1,859,299,401
($1,793,447,419 x 1.0367181)
ATTACHMENT 3
1394

CITY COUNCIL AGENDA REPORT
MEETING DATE: April 15, 2026 ITEM # 14
SUBJECT:

CONSIDERATION OF AN AGREEMENT BETWEEN THE SPRINGLAKE FIRE

PROTECTION DISTRICT, COUNTY OF YOLO, AND CITY OF WEST SACRAMENTO FOR

THE PROVISION OF FIRE PROTECTION SERVICES AND ADOPTION OF RESOLUTION 26-36 AUTHORIZING AN APPROPRIATION FOR THIS AGREEMENT
INITIATED OR REQUESTED BY: REPORT COORDINATED OR PREPARED BY:
[ ] Council [X] Staff
[ ] Other
Steve Binns, Fire Chief
Fire Department
ATTACHMENT [X] Yes [ ] No [ ] Information [ ] Direction [X] Action

OBJECTIVE
The purpose of this report is to provide City Council with information to consider approving an agreement with Yolo County and the Springlake Fire Protection District to provide fire protection services.

RECOMMENDED ACTION
Staff respectfully recommends that the City Council:

1. Authorize the City Manager, or designee, to execute an agreement with Yolo County and the Springlake Fire Protection District to provide fire protection services substantially in the form presented; and

2. Authorize the City Manager, or designee, and City Attorney to make minor edits, as necessary.

3. Adopt Resolution 26-36 appropriating estimated costs and associated reimbursement related to this agreement.

BACKGROUND
For many years, the West Sacramento Fire Department has responded to incidents within the Elkhorn Fire Protection District (EFPD) under mutual aid agreements, ensuring continuity of service when EFPD resources were unavailable. Due to ongoing operational challenges, including staffing limitations, financial constraints, and reduced response capacity, the EFPD has been unable to consistently provide reliable and timely emergency services and has subsequently filed for dissolution.

The Yolo Local Agency Formation Commission (LAFCo), which holds the authority to modify reorganization proposals and determine the most appropriate governance structure for fire protection services, is currently evaluating options for the EFPD service area. In coordination with the Cities of Woodland and West Sacramento, LAFCo is proposing the neighboring jurisdictions assume responsibility for providing emergency services within the affected territory.

Given the West Sacramento Fire Department’s proximity, operational capacity, and established automatic and mutual aid relationships, the City is well-positioned to deliver reliable and effective fire protection and emergency response services to the EFPD area.

ANALYSIS
The proposed agreement (Attachment 1) establishes a framework under which the West Sacramento Fire Department will assume responsibility for fire protection and emergency response services within a defined service area (Attachment 2) of the District. The agreement also establishes limited emergency services to be provided and will include fire suppression, emergency medical services, technical rescue, hazardous materials response, and fire investigation. This agreement specifically excludes services with regard to fire administration, emergency management, and fire prevention.

This transition will:
 Ensure continuity and reliability of emergency response services  Clearly define service responsibilities
 Improve response times within the affected area
 Enhance firefighter and public safety through consistent staffing and deployment models  Provide operational efficiencies through unified command and coordinated resource deployment 1395
Consideration of an Agreement with Yolo County
April 15, 2026

Page 2 ends

West Sacramento City CouncilApril 15, 2026

West Sacramento City Council
April 15, 2026