Wheatland City Council
April 8, 2025

REGULAR CITY COUNCIL MEETING
Agenda
April 08, 2025 at 6:00 PM
Wheatland Community Center: 101 C Street, Wheatland, CA 95692 City Council meetings are held in-person and are no longer available via ZOOM.

In compliance with the Americans with Disabilities Act, if you are a disabled person and you need a disability-related modification or accommodation to participate in this meeting, please contact City Hall at (530) 633-2761 or (530) 633-9102 (fax). Requests must be made as early as possible and at least one full business day before the start of the meeting.

1. OPENING MATTERS

1.1 Call to Order and Roll Call

1.2 Pledge of Allegiance to the Flag

2. PUBLIC COMMENT
At this time, the public is permitted to address the City Council on non-agendized items.

COMMENTS SHOULD NOT EXCEED THREE (3) MINUTES. In accordance with State Law, however, no action or discussion may take place on any item not appearing on the posted agenda. The Council may respond to statements made or questions asked or may request Staff to report back at a future meeting concerning the matter. Any member of the public may contact the City Clerk’s Office related to the proper procedure to place an item on a future City Council agenda. The exceptions under which the Council MAY discuss and/or act on items not appearing on the agenda are contained in Government Code §54954.2(b) (1) (2) (3)

3. CONSENT CALENDAR

3.1 Minutes from the March 25, 2025 City Council Meeting

3.2 Proclamations Honoring Marysville Police Officer Osmar Rodarte

4. REGULAR CALENDAR

4.1 Fiscal Year 2024 Audited Financial Report

4.2 Consideration and Adoption of Resolution Approving One-Time Reduction in Development Impact Fees for a 16-Unit Multi-Family Residential Project Located at Main Street and C Street

5. REPORTS

6. ADJOURN
1 Any writings or documents provided to a majority of the Wheatland City Council after distribution of the agenda packet are available for public inspection on the City’s website, www.wheatland.ca.gov This institution is an equal opportunity provider, and employer. 2 REGULAR CITY COUNCIL MEETING
Minutes
March 25, 2025, at 6:00 PM
Wheatland Community Center: 101 C Street, Wheatland, CA 95692 City Council meetings are held in-person and are no longer available via ZOOM.

In compliance with the Americans with Disabilities Act, if you are a disabled person and you need a disability-related modification or accommodation to participate in this meeting, please contact City Hall at (530) 633-2761 or (530) 633-9102 (fax). Requests must be made as early as possible and at least one full business day before the start of the meeting.

1. OPENING MATTERS

1.1 Call to Order and Roll Call
Mayor Angela Teter called the meeting to order at 6:00 p.m.

PRESENT
Mayor Angela Teter
Vice Mayor Lisa McIntosh
Council Member Bob Coe
Council Member Brian Abe
Council Member John Abe

OTHERS PRESENT
City Manager Bill Zenoni
Gavin Ralphs, Deputy City Attorney
Police Chief Brian Wittmer
Fire Chief Art Paquette

1.2 Pledge of Allegiance to the Flag
Mayor Angela Teter led the Pledge of Allegiance

2. PUBLIC COMMENT
At this time, the public is permitted to address the City Council on non-agendized items.

COMMENTS SHOULD NOT EXCEED THREE (3) MINUTES. In accordance with State Law, however, no action or discussion may take place on any item not appearing on the posted agenda. The Council may respond to statements made or questions asked or may request Staff to report back at a future meeting concerning the matter. Any member of the public may contact the City Clerk’s Office related to the proper procedure to place an item on a future City Council agenda. The exceptions under which the Council MAY discuss and/or act on items not appearing on the agenda are contained in Government Code §54954.2(b) (1) (2) (3) None
3 Section 3, Item # 3.1

3. CONSENT CALENDAR
Item No.'s 3.2 and 3.3 were pulled for discussion.

3.2 Council Member John Abe commented on ADU's (Accessory Dwelling Units) and having one set of ADU plans and density of housing. Community Development Director Tim Raney stated he needs directions from council and cost.

Vice Mayor Mcintosh stated it would be beneficial to mirror Yuba City.

3.3 Vice Mayor Lisa McIntosh commented on the Housing Element and being current and compliant with the state. T. Raney responded it is in compliance with the state with the exception of an additional 10 acres for multi-family housing. McIntosh questioned if the Heritage Oaks Estates East project should be part of the Housing Element if the development has not been approved.

Motion made by Council Member Coe, Seconded by Council Member Abe to approve minutes from the February 24, 2024, meeting, the General Plan Annual progress report, the Housing Element Annual Progress Report meeting and Resolution No. 12-25 Adopting Updated City of Wheatland Conflict of Interest Code and Resolution No. 12-25 Adopting Updated City of Wheatland Conflict of Interest Code.

Voting Yea: Mayor Teter, Vice Mayor McIntosh, Council Member Coe, Council Member Abe, Council Member Abe

3.1 Minutes from 02/25/2025, City Council Meeting

3.2 City of Wheatland General Plan Annual Progress Report for 2024.

3.3 City of Wheatland Housing Element Annual Progress Report for 2024.

3.4 Council review and acceptance of revision to the recently updated Conflict of Interest Code provisions concerning Architectural and Engineering Services Administration and Procurement for Federal and State-Funded Transportation Projects.

4. PRESENTATION
Update on Status of Yuba Applied Research Center

4.1 Executive Director Lon Hatamiya and Associate Executive Director Leonard Spigiel with The Hatamiya Group presented audience and council members with a PowerPoint for an update of the status of Yuba Applied Research Center (YARC). Information included mission and vision statements, key tasks, core focus areas, goals and objectives, phasing strategy, 2024 EOY Assessment, research focus areas, objectives, and the Value Proposition Model.

Council Member Brian Abe commented on collaboration and possible project expansion.

Council Member John Abe commented on workforce training and where information is available, the General Plan and what would help the project. Abe also commented on the CRATA completion.

Mayor Angela Teter commented on 10-15 acres for the project.

Council Member Lisa McIntosh commented on additional funding and information on the location of the 10-15 acres. City Manager Bill Zenoni stated the property will be donated. 4 Section 3, Item # 3.1

5. REGULAR CALENDAR

5.1 Yuba-Sutter Economic Development District 2025-2030 Five-Year CEDS Update, Appendix I Public Works Projects Updates and 2024 CEDS Annual performance and Evaluation Brynda Stranix with Yuba-Sutter Economic Development Corporation presented the staff report for the 2025-2030 five-year Comprehensive Economic Development Strategy (CEDS) update, Appendix I Public Works Projects updates and 2024 CEDS Annual Performance and Evaluation. Stranix provided a PowerPoint presentation for audience and council members.

Information included employment and workforce, economics, education attainment, top industries by jobs, establishments, notable goals and accomplishments, consortium partners, regional housing projects in Wheatland, other regional amenities, and regional safety.

Council Member John Abe commented on the definition of establishment, new businesses and what the City can do for resources.

Mayor Angela Teter commented on education decline.

Council Member Bob Coe commented on COVID derailing progress.

Motion made by Council Member Abe, Seconded by Council Member Coe to approve Resolution No. 13-25 Approving the 2025-2030 Comprehensive Economic Development Strategy, 2024 Annual Performance Report and Update to Appendix I - Public Works Projects.

Voting Yea: Mayor Teter, Vice Mayor McIntosh, Council Member Coe, Council Member Abe, Council Member Abe

5.2 Bishop’s Pumpkin Farm 2024 Season Report
City Manager Bill Zenoni presented the staff report for Bishop's Pumpkin Farm 2024 Season Report. Zenoni covered information on traffic, public safety support and admission fee revenue.

Council Member John Abe commented on the cost of signs throughout the City and whether the City is paying to rent them or buy. Abe also recommended that staff should look into the costs and decide if it is better to buy or rent and the number of employees.

Council Member Brian Abe commented on obstacles for Bishops and questioned if the City is helping.

Vice Mayor Lisa McIntosh recommended that the City expedite plans for a new project at Bishop's this year.

Wayne Bishop stated they are communicating well with the City and commented on traffic, attendance, and payroll.

5.3 Wheatland Police Department Annual Report
Police Chief Brian Wittmer presented a PowerPoint for the Wheatland Police Department Annual Report. Information included a mission statement, core values, message from Police Chief Wittmer, personnel update, new items for the Police Department, 2024 Officer of the Year, 2024 Police Chief's Awards, community relations and safety awareness, community support, training and education, patrol stats, part one crimes, administrative staff reports and code enforcement.
5 Section 3, Item # 3.1
Vice Mayor Lisa McIntosh commented on site and release.

Council Member Brian Abe commented on narcotic arrests and third strike.

Council Member John Abe commented on priorities for code enforcement.

Mayor Angela Teter expressed appreciation for the Police Department.

5.4 Wheatland Fire Authority Annual Report
Fire Chief Art Paquette presented audience and council members with a PowerPoint presentation for the Wheatland Fire Authority (WFA) annual report. Information included a mission statement, policy and procedures, core values, a message from the Fire Chief, WFA Calls for Service, 10 year history, activity incidents summary, training and education, community relations, WFA recruitment, code enforcement, WFA station repairs and upgrades, personnel, appreciation award, above and beyond, top training of the year, top responder of the year, firefighter of the year, ouch award, agency assistance and the Explorer Program.

Council Member John Abe commented on calls, training, grass fires and vehicles.

Vice Mayor Lisa McIntosh commented on new engines fitting in the bays.

6. REPORTS
Fire Chief Art Paquette reported on a grant and driver operation class.

Police Chief reported on the motorola grant.

City Manager Bill Zenoni reported on the City Council/Planning Commission joint workshop on April 9th.

Vice Mayor Lisa McIntosh commented on web based Ethics training, an update on the chicken ordinance, the process for the Bishop's addition and development impact fees for Dean Webb.

7. ADJOURN
There being no further business, Mayor Angela Teter adjourned the meeting at 8:03 p.m.

ATTEST:
________________________
Angela Teter, Mayor
______________________________
Lisa J. Thomason, City Clerk
Any writings or documents provided to a majority of the Wheatland City Council after distribution of the agenda packet are available for public inspection on the City’s website, www.wheatland.ca.gov This institution is an equal opportunity provider, and employer. 6 Section 3, Item # 3.1
City Council Meeting Staff Report
Meeting Date: April 8, 2025
Subject: Proclamations Honoring Marysville Police Officer Osmar Rodarte Prepared By: Bill Zenoni, City Manager
Recommendation: Staff recommends that the Wheatland City Council consider approval of two Proclamations honoring Marysville Police Officer Osmar Rodarte.

Discussion: Marysville Police Officer Osmar Rodarte was killed while on duty on Wednesday March 26, 2025. Two proclamations honoring Officer Rodarte have been prepared and are being presented to the legislative bodies of Wheatland, Marysville, Yuba City, Yuba County and Sutter County. The proclamations will be signed by the mayor/board chairperson of each agency.

Fiscal Impact: None.

Attachments:

Proclamations
7 Section 3, Item # 3.2

HONORING OFFICER OSMAR RODARTE
WHEREAS, the mission of the Marysville Police Department is to protect life and property, enhance the safety, trust, and quality of life in the community, and to serve with compassion and courage; and WHEREAS, on this day April 8, 2025 we gather in Marysville California, with heavy hearts to remember and honor the life and service of Officer Osmar Rodarte, a dedicated officer of the Marysville Police Department, who exhibited the highest levels of selfless bravery and courage; and WHEREAS, Officer Rodarte made the ultimate sacrifice in the line of duty on March 26, 2025, while serving the citizens of Marysville, Yuba City, Yuba County, Sutter County, Butte, and Tehama County, on assignment in 20 search warrants with Yuba-Sutter Narcotic and Gang Enforcement Task Force (NET-5), where he served with courage and dedication; and
WHEREAS, Officer Osmar Rodarte’s service and sacrifice will forever be etched in the hearts of our community, and we will mourn the loss of a husband, father, and hero; and WHEREAS, as stated “How do we find such men and women? Men and women who engage in gunfire and walk into burning buildings! Well we don’t find them, they step forward. They step forward as a central element in their life plan, all on our behalf and we shall forever be grateful”.

NOW, THEREFORE, BE IT PROCLAIMED, we, the undersigned organizations come together to extend our utmost sympathies to the Marysville Police Department and, do hereby proclaim and affirm the remembrance, recognition and honor of Officer Osmar Rodarte. ____________________ _____________________
Gary Bradford, Chairman Dan Flores, Chairman
County of Yuba County of Sutter
______________________ _____________________ ____________________ Chris Branscum, Mayor Dave Shaw, Mayor Angela Teter, Mayor City of Marysville City of Yuba City City of Wheatland
8 Section 3, Item # 3.2

HONORING MARYSVILLE OFFICER OSMAR RODARTE
WHEREAS, every day Officer Osmar Rodarte would pin his badge on his uniform; and make an extraordinary commitment to the citizens of Marysville and neighboring communities. He would rush toward danger regardless of the risk, to faithfully stand up for the rule of law. Daily he put himself in harm’s way; and WHEREAS, today we acknowledge the profound loss of Officer Osmar Rodarte, his unwavering dedication to upholding the law and protecting our citizens is a testament to his character, we will be eternally grateful for his service and sacrifice; and
WHEREAS, the same is true for his family who have sacrificed alongside this heroic American. It takes a special person to marry or be the child of a law enforcement officer – knowing the uncertainty as their loved one walks out the door each day; and
WHEREAS, no memorial can ever fill the void left in the hearts of those who have lost a loved one in the line of duty. But their sacrifices in full service to our communities and to our Nation will never be forgotten. We will continue to honor their memories with actions that help keep his sacrifice alive; and WHEREAS, there isn’t enough words to express the pain and sorrow that is felt and shared amongst his family, his friends, his co-workers, the entire community, we are all with you. Though Osmar Rodarte is gone, his spirit will forever live on in our hearts and he will be remembered as a true hero who gave his life in the line of duty; and WHEREAS, we celebrate his remarkable courage as one of our local law enforcement and we will honor him as a fallen hero who made the ultimate sacrifice to protect their fellow Americans. Being a law enforcement officer is not just what they do, it is who they are.

NOW, THEREFORE, BE IT PROCLAIMED, may Marysville Officer Osmar Rodarte’s memory serve as a constant reminder of the courage and dedication of all law enforcement officers, and we will remember his ultimate sacrifice he made to protect our communities.
____________________ _____________________
Gary Bradford, Chairman Dan Flores, Chairman
County of Yuba County of Sutter
______________________ _____________________ ____________________ Chris Branscum, Mayor Dave Shaw, Mayor Angela Teter, Mayor City of Marysville City of Yuba City City of Wheatland
9 Section 3, Item # 3.2
1 CITY OF WHEATLAND

CITY COUNCIL MEETING

STAFF REPORT
April 8, 2025
SUBJECT: Fiscal Year 2024 Audited Financial Report
PREPARED BY: Susan Mahoney, Finance Director
Recommendation
Staff recommends the City Council receive and file the audited Annual Financial Report for the fiscal year ending June 30, 2024.

Background/Discussion
Each year, an audit of the City’s financial statements is conducted by an independent auditor and the results are presented to the City Council. The audit for the fiscal year ended June 30, 2024, was conducted by Chavan and Associates llp, CPAs. This is the first year this firm has audited the City.

The scope of the annual audit includes:
 An opinion from the auditor that the preparation of the financial statements by City staff fairly presents the financial position of the City. The opinion of the auditor is as follows:
“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.”
 A separate audit called a Single Audit is required when the City receives over $750,000 in federal funds. For fiscal year 2024 a Single Audit is not required.  The auditor’s letter to the City Council and City Management (Attachment 2) comments on the City’s system of internal controls and provides recommendations for improvements.

The auditor did not identify any deficiencies in internal control over financial reporting that would be considered a material weakness.

The Annual Financial Report for the Fiscal Year Ended June 30, 2024 (Attachment 1) includes a Management Discussion and Analysis (pages 15 through 25) which provides an overview of the City’s financial activity.
10 Section 4, Item # 4.1
2 The following are key highlights in the financial report:
 On June 30, 2024, the net position of the City (assets less liabilities) was $21.9 million.

This amount includes $5.3 million in capital assets, $11.5 million cash restricted for specific purposes, and $5.1 million unrestricted cash.
 The General Fund had a positive change in net position (revenues minus expenses) of $424,426 mainly due to excise tax revenue from development activity and a police vehicle insurance reimbursement.
 The Water Fund change in net position was $241,994.
 The Sewer Fund change in net position was $152,761.
 The City received the Government Finance Officers Association (GFOA) Certificate of Achievement for Excellence in Financial Reporting for its fiscal year 2023 financial report.

This was the fifth year in a row that the City received the award. The fiscal year 2024 financial report has been submitted to GFOA and the City is hopeful that it will earn the award for a sixth consecutive year.

Fiscal Impact
There is no fiscal impact associated with this item.

Attachments

1. Annual Financial Report for the fiscal year ended June 30, 2024.

2. Auditor’s letter to the City Council and City Management 11 Section 4, Item # 4.1

CITY OF WHEATLAND

ANNUAL COMPREHENSIVE FINANCIAL REPORT

FOR THE FISCAL YEAR ENDED
JUNE 30, 2024
111 C STREET, WHEATLAND CALIFORNIA 95692
www.wheatland.ca.gov
12 Section 4, Item # 4.1
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13 Section 4, Item # 4.1

INTRODUCTORY SECTION
14 Section 4, Item # 4.1
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15 Section 4, Item # 4.1

CITY OF WHEATLAND

ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2024

TABLE OF CONTENTS

INTRODUCTORY SECTION
Transmittal Letter .......................................................................................................................... 1 List of Principal Officials................................................................................................................. 4 Organizational Chart ...................................................................................................................... 5 GFOA Certificate ........................................................................................................................... 6

FINANCIAL SECTION
Independent Auditor’s Report......................................................................................................... 9 Management’s Discussion and Analysis (Required Supplementary Information) ............................ 15 Basic Financial Statements:

Government-Wide Financial Statements:

Statement of Net Position .................................................................................................. 29 Statement of Activities...................................................................................................... 30 Fund Financial Statements
Governmental Funds:

Balance Sheet .............................................................................................................. 31 Reconciliation of the Government Funds Balance Sheet
to the Government-Wide Financial Statement of Net Position .................................. 32 Statement of Revenues, Expenditures and Changes in Fund Balances............................ 33 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-Wide Statement of Activities ........................................................................................... 34 Proprietary Funds:

Statement of Net Position ............................................................................................ 35 Statement of Revenues, Expenses, and Changes in Net Position.................................... 36 Statement of Cash Flows.............................................................................................. 37 Notes to the Basic Financial Statements .................................................................................. 40

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis):

General Fund .................................................................................................................... 64 Pool Operations Fund ........................................................................................................ 65 Development Impact Fund ................................................................................................. 66

SUPPLEMENTARY INFORMATION
Budgeted Major Funds:

Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis):

Planning Projects Fund............................................................................................................................. 69 Nonmajor Governmental Funds:

Combining Balance Sheet .........................................................................................................73 Combining Statement of Revenues, Expenditures and Changes in Fund Balances .......................80 16 Section 4, Item # 4.1

CITY OF WHEATLAND

ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2024

TABLE OF CONTENTS
Schedule of Revenues, Expenditures and Changes in Fund Balances – Budget and Actual (GAAP Basis):

Gas Tax Fund ........................................................................................................................................ 87 SB1 Fund............................................................................................................................................... 88 Transportation Development Fund........................................................................................................ 89 CDBG 1989 Loan Fund ........................................................................................................................ 90 CDBG 1990 Loan Fund ........................................................................................................................ 91 Economic Development Fund............................................................................................................... 92 Bear River Impact Fees Fund................................................................................................................ 93 Regional Bypass Impact Fees Fund ...................................................................................................... 94 General Plan Update Impact Fees Fund................................................................................................ 95 Storm Drainage Impact Fees Fund........................................................................................................ 96 Road Circulation Impact Fees Fund...................................................................................................... 97 City Hall Facilities Impact Fees Fund................................................................................................... 98 Vehicle and Equipment Impact Fees Fund ........................................................................................... 99 Public Works Facilities Impact Fees Fund.......................................................................................... 100 Law Enforcement Facilities Impact Fees Fund................................................................................... 101 Fire Department Facilities Fund........................................................................................................... 102 Parkland Facilities Impact Fees Fund .................................................................................................. 103 Public Meeting Facilities Fund ........................................................................................................... 104 SLES Fund .......................................................................................................................................... 105 Pumpkin Patch Joint Admissions Fund............................................................................................... 106 Wheatland Community Gardens Fund................................................................................................ 107 Heritage Oaks East AD Fund.............................................................................................................. 108 Comprehensive Drinking Water Fund ................................................................................................ 109 Agricultural Production Standards Fund............................................................................................. 110 Tobacco Grant Fund............................................................................................................................ 111 COVID-19 Fund.................................................................................................................................. 112 SB2 Fund............................................................................................................................................. 113 First Street Senior Housing Fund........................................................................................................ 114 Prop 68 Grant Fund............................................................................................................................. 115 6th Cycle Housing Fund...................................................................................................................... 116 Planning Projects Fund ....................................................................................................................... 117 General Plan Update Fund .................................................................................................................. 118 Corporation Yard Sinkhole Fund ........................................................................................................ 119

STATISTICAL SECTION
Financial Trends Information:

Net Position by Component..................................................................................................... 124 Changes in Net Position.......................................................................................................... 125 Fund Balances of Governmental Funds.................................................................................... 127 Changes in Fund Balances of Governmental Funds.................................................................. 128 17 Section 4, Item # 4.1

CITY OF WHEATLAND

ANNUAL COMPREHENSIVE FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2024

TABLE OF CONTENTS
Revenue Capacity Information:

Assessed Value and Actual Value of Taxable Property................................................................................. 129 Direct and Overlapping Property Tax Rates.................................................................................................. 130 Top Ten Property Taxpayers.......................................................................................................................... 131 Property Tax Levies and Collections............................................................................................................. 132 Debt Capacity Information:

Ratios of Outstanding Debt by Type – Financed Purchases.......................................................................... 133 Ratios of Outstanding Debt by Type – Business-type Activities................................................................... 134 Direct and Overlapping Debt......................................................................................................................... 135 Legal Debt Margin Information..................................................................................................................... 136 Demographic and Economic Information:

Demographic and Economic Statistics .......................................................................................................... 137 Principal Employers - Top Ten...................................................................................................................... 138 Full-Time and Part-Time City Employees by Function................................................................................. 139 Operating Information:

Capital Asset Statistics by Function............................................................................................................... 140 Operating Indicators by Function .................................................................................................................. 141 Top 25 Sales Tax Taxpayers.......................................................................................................................... 142

18 Section 4, Item # 4.1
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19 Section 4, Item # 4.1

TRANSMITTAL LETTER
20 Section 4, Item # 4.1
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21 Section 4, Item # 4.1
111 C Street . Wheatland . California . 95692
_____________________________________________________________________________________ March 30, 2025
To the Honorable Mayor and Members of the City Council and Citizens of the City of Wheatland:

We are pleased to submit the City of Wheatland’s Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2024. It is the policy of the Council to have a licensed certified public accountant conduct an annual audit at the end of each fiscal year and to issue a complete set of financial statements for the Council and all stakeholders of the City. The financial statements are presented in conformity with generally accepted accounting principles (GAAP) and audited in accordance with generally accepted auditing standards.

Responsibility for the accuracy of the data and the fairness of presentation, including all footnotes and disclosures, rests with the City. We believe the data presented in this report is accurate in material respects and all statements and disclosures necessary for the reader to obtain a thorough understanding of the City’s financial activities have been included. Management of the City has established an internal control framework that is designed both to protect the City’s assets from loss, theft, or misuse and to compile sufficient reliable information of the preparation of the City’s financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the City’s framework of internal controls has been designed to provide reasonable rather than absolute assurance that the financial statements will be free from material misstatements.

While traditionally addressed to the governing body of the City, this report is intended to provide relevant financial information to the citizens of the City of Wheatland, City staff, creditors, investors, and other concerned readers. We encourage all readers to contact the Finance Department with any questions or comments concerning this report.

The City’s financial statements have been audited by Chavan and Associates, Certified Public Accountants. The goal of the independent audit is to provide reasonable assurance that the financial statements of the City for the fiscal year ended June 30, 2024, are free of material misstatements. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Based upon the audit, the independent auditors concluded that there was a reasonable basis for rendering an unmodified opinion, which states that the City’s financial statements for the fiscal year ended June 30, 2024, are fairly 22 Section 4, Item # 4.1
presented in conformity with GAAP. The independent auditor’s report is presented as the first component of the financial section of this report.

The independent audit of the financial statements of the City can be part of a broader, federally mandated “Single Audit” designed to meet the special needs of federal grantor agencies. A Single Audit is required when a state, local government, or not-for-profit organizations expends more than $750,000 per fiscal year in federal grant money. The standards governing Single Audit engagements require the independent auditor to report not only on the fair presentation of the financial statements, but also on the audited government’s internal controls and compliance with legal requirements, with special emphasis on internal controls and legal requirements involving the administration of federal awards.

For the fiscal year ending June 30, 2024, the City was not required to issue a Single Audit Report.

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.

Profile of the City of Wheatland
The City of Wheatland operates under a Council-Manager form of government and provides municipal services that include public safety, public works, parks and recreation, planning services, water and wastewater services, and general administration. This report includes all funds of the City of Wheatland.

The City does not have a Redevelopment Agency.

The City Council establishes an annual budget with a mid-year review for the General Fund and all other funds. Budgetary control is legally maintained at the fund level. Department heads submit budget requests to the City Manager and Finance Director. The Finance Director prepares an estimate of revenues and prepares recommendations for the next year’s budget. After approval by the City Manager, the preliminary budget is presented to the City Council who may or may not make amendments. The budget is adopted by resolution by the City Council on or before June 30 in accordance with the municipal code.

The City of Wheatland, incorporated in 1874, is one of two incorporated cities in Yuba County. It is nestled at the northeastern edge of California’s vast Sacramento Valley. Located 34 miles north of Sacramento, 107 miles northeast of San Francisco and 417 miles northwest of Los Angeles with a population of more than 4,100 in an 8.2 square-mile area, Wheatland is valued by its residents for its small-town atmosphere and rural setting.

The City of Wheatland City Council consists of five members, elected at large to four-year overlapping terms. Council members must be residents of the City. The position of Mayor and Vice Mayor are chosen by the City Council. The Mayor conducts the Council meetings and represents the City on ceremonial occasions.
23 Section 4, Item # 4.1
The City Council serves as the policy board for the municipality. As elected officials, the City Council provides policy direction, establishes goals, and sets priorities for the City government. In addition to serving as the policy makers for the community, the City Council is also responsible for numerous land use decisions within its borders in accordance with the General Plan and the Wheatland Municipal Code.

The City Council appoints the City Manager, City Attorney, and all members of advisory boards and commissions.

Current Economic Conditions and Outlook
The City’s economic development efforts and implementation of the City’s financial policies help to promote Wheatland’s long-term fiscal stability. Each year, staff conducts a systematic review of operations to make sure the blend of contract services and in-house staffing promotes long-term savings and ensures long-term stability. In addition, the City annually adopts an Economic Development Action Program that identifies short and long-term priorities and the implementation and financing required to achieve them. The City anticipates significant growth in the next ten years in property tax revenue as planned subdivisions are being considered by several developers.

Acknowledgements
The preparation of this Financial Report could not be accomplished without the efficient and dedicated service of the entire staff of the Finance Department and the auditing firm of Chavan and Associates.

The work of the Finance Department staff comprised of April Ouellette, Senior Accountant; Rafaela Vargas, Senior Account Clerk; and Jessy Johnson, Account Clerk.

A word of thanks is also extended to the members of the City Council, the City Manager, and the other City departments for their cooperation and support in planning and conducting the financial operations of the City during the fiscal past year.

Respectfully submitted,
Bill Zenoni Susan Mahoney
Bill Zenoni Susan Mahoney
City Manager Finance Director
24 Section 4, Item # 4.1

CITY OF WHEATLAND COUNCIL AND PRINCIPAL OFFICIALS

CITY COUNCIL
Angela Teter, Mayor
Lisa McIntosh, Vice Mayor
Brian Abe, Councilmember
John Abe, Councilmember
Robert Coe, Councilmember

CITY OFFICIALS
Bill Zenoni, City Manager
Lisa Thomason, City Clerk
Don Scott, Public Works Director
Art Paquette, Fire Chief, Wheatland Fire Authority
Tim Raney, Planning Director (contract)
Dane Schilling, City Engineer (contract)
Brian Wittmer, Police Chief
Susan Mahoney, Finance Director
25 Section 4, Item # 4.1

CITY OF WHEATLAND ORGANIZATIONAL CHART
Citizens of Wheatland
Public Works
Director
Public Works
Supervisor
Maintenance
Workers (3)
Water/Sewer
Operators (3)
Chief Building
Official (contract)
Police Chief
Administrative
Assistant (2) Sergeant
Reserve Officers
(2)
Officers (7)
City Engineer
(contract)
Finance Director
Senior
Accountant
Senior Account
Clerk
Account Clerk (2)
Planning Director
(contract)
City Attorney
(contract) City Council
Planning
Commission
City Clerk City Manager
26 Section 4, Item # 4.1
27 Section 4, Item # 4.1

FINANCIAL SECTION
28 Section 4, Item # 4.1
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29 Section 4, Item # 4.1

16450 Monterey Road, Suite #5, Morgan Hill, CA 95037
Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
INDEPENDENT AUDITOR’S REPORT
To the Honorable Mayor and Members of the City Council
of the City of Wheatland
Wheatland, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of Wheatland (the “City"), as of and for the year ended June 30, 2024, and the related notes to the financial statements, which collectively comprise 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, business-type activities, each major fund, and the aggregate remaining fund information of the City of Wheatland, as of June 30, 2024, and the respective changes in financial position and, where applicable, cash flows thereof, for the year then ended in accordance with accounting principles generally accepted in the United States of America.

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

Emphasis of a Matter
As noted in Note 11 to the basic financial statements, adjustments were made to beginning fund balance and net position for the corrections of errors and reclassification of fund balances. Our opinion as not modified with respect to this matter.

Responsibilities of Management for the Financial Statements City 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. 30 Section 4, Item # 4.1

16450 Monterey Road, Suite #5, Morgan Hill, CA 95037
Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and GAGAS, 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 other required supplementary information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, 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. 31 Section 4, Item # 4.1

16450 Monterey Road, Suite #5, Morgan Hill, CA 95037
Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
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 combining and individual fund financial statements, schedules, and other information listed in the supplementary information section of the table of contents 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 GAAS. In our opinion, the combining and individual fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole.

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

The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor’s report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 14, 2025 on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is 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 internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Chavan & Associates, LLP
Certified Public Accountants
March 14, 2025
Morgan Hill, California
32 Section 4, Item # 4.1
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33 Section 4, Item # 4.1
MANAGEMENT’S DISCUSSION

AND ANALYSIS
34 Section 4, Item # 4.1
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35 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis

INTRODUCTION
As management of the City of Wheatland, we offer readers of the City’sfinancial statements this narrative overview and analysis of financial activities of the City of Wheatland, for the fiscal year that ended on June 30, 2024. We encourage readers to consider the information presented here, in conjunction with additional information that we have furnished in our letter of transmittal. This information can be found on page i of this report. The required components of the report are listed below.

Required Components of the Annual Financial Report
FISCAL YEAR 2023/2024 FINANCIAL HIGHLIGHTS
Government-Wide Highlights
• The assets of the City of Wheatland exceeded the liabilities at the close of the most recent fiscal year by $21,881,997 (net position). Of this amount, net position included $5,333,365 classified as net investment in capital assets; $11,453,611 as restricted; and $5,095,021 as unrestricted net position. • The City’s total net position increased by $2,707,751 and its change in net position was $853,383 more than the prior fiscal year.
• In Governmental Activities, tax revenues increased by $148,711, charges for services increased by $1,236,269, operating grants and contributions decreased by $466,378, and capital grants and contributions increased by $261,950.
• In the Business-Type Activities, charges for services increased by $156,967, operating grants and contributions decreased by $205,125, and capital grants and contributions decreased by $1,448,417. • The City’s long-term debt increased by $116,065 or 1.5% in Fiscal Year 2023/2024 primarily from increases in notes payable offset by refunding bond repayments, net of amortized premiums.

Management’s
Discussion & Analysis
Government-Wide
Financial Statements
Fund
Financial Statements
Notes to the
Financial Statements
Basic
Financial Statements
36 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis
• The City’s net capital assets decreased by 4% or $545,789, primarily due to depreciation and the completion of projects included in construction in progress.

Fund Highlights
• At the close of Fiscal Year 2023/2024, the City of Wheatland’s governmental funds reported combined fund balances of $9,101,525, an increase of $2,692,449 in comparison with the prior year.

Approximately 30% or $2,700,368 was classified as unassigned fund balance and was available for spending at the government’s discretion.
• At the end of the current fiscal year, the general fund’s unrestricted fund balance (the total of the committed, assigned, and unassigned components of fund balance) was $2,789,164, or 112% of total general fund expenditures, prior to transfers.
• The fund balance in the General Fund increased by $424,426, with revenues of $2,784,351 and expenditures of $2,484,291, prior to transfers in of $170,000, and transfers out of $97,238.

OVERVIEW OF THE FINANCIAL STATEMENTS
The discussion and analysis are intended to serve as an introduction to the City of Wheatland’s financial statements. The City of Wheatland’s basic financial statements are comprised of (1) Government-wide Financial Statements (2) Fund Financial Statements, and (3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the City of Wheatland’s finances, in a manner similar to a private-sector business. Government-wide financial statements are prepared on the accrual basis, which means they measure the flow of all economic resources of the City as a whole. Government-wide financial statements consist of the Statement of Net Position and the Statement of Activities.

The Statement of Net Position presents financial information on all of the City of Wheatland’s assets, liabilities, and deferred inflows/outflows of resources, with the difference reported as net position, as applicable. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City of Wheatland is improving or declining.

The Statement of Activities presents information showing how the City of Wheatland’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. This is consistent with a full accrual concept, which may result in the reporting of revenues and expenses in the current fiscal year, with cash flows occurring in future fiscal periods (e.g. uncollected revenues; and earned but not used vacation leave).

Both of the government-wide financial statements distinguish functions of the City of Wheatland that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). An overview of the City’s functions associated with each classification is listed 37 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis
below.

Governmental Activities – All of the City's basic services are considered to be governmental activities. This includes general government, public safety, public works, community development, and parks and recreation. Sales taxes, property taxes, impact fees, state and federal grants finance most of these activities.

Charges for services are also used to help offset costs of providing certain services.

Business-Type Activities – This City’s enterprise activities include Water and Sewer operations. Unlike governmental services, these services are fully supported by charges paid by users based on the amount of services they use.

Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

Fund financial statements provide detailed information about each of the City's most significant funds, called major funds. Major funds are presented individually, with all non-major funds summarized and presented only in a single column. Subordinate schedules present the detail of these non-major funds. Major funds present the major activities of the City for the fiscal year and may change from year to year as a result of changes in the pattern of the City's activities. The City's funds are segregated into two categories:
governmental funds and proprietary funds.

Governmental Funds
Governmental funds are used to account for essentially the same function reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental funds focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. This represents a modified accrual basis of accounting, with capital assets, long-lived assets, and long-term liabilities excluded from the financial statements. Such information may be useful in evaluating the City's near-term financing requirements.

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

The City maintains multiple governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances. Data from the other governmental funds are combined into a single aggregated presentation.

Individual fund data for each of these non-major governmental funds is provided in the form of combining statements in the combining and individual fund statements and schedules section of this report. A budgetary comparison statement has been provided as required supplementary information for the General Fund to demonstrate compliance with this budget.
38 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis
Proprietary Funds
The City of Wheatland has two enterprise funds, the Water and Sewer funds, which are proprietary funds.

Enterprise funds provide the same type of information as business-type activities in the government-wide statements.

NOTES TO THE FINANCIAL STATEMENTS
Notes to the Financial Statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes can be found immediately following the fund financial statements.

OTHER INFORMATION
In addition to the basic financial statements and accompanying notes, this report also presents required supplementary information concerning the City of Wheatland’s general fund and major special revenue fund budget to actual schedules. The combining statements referred to earlier in connection with nonmajor governmental funds are presented immediately following the required supplementary information supplementary information. The supplementary information also includes budget to actual schedules for major capital projects funds. An unaudited statistical section provides historical and current data on financial trends, revenue and debt capacity, demographic and economic information, and operating information.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
Over time, net position may serve as an indicator of a government’s financial position. In the case of the City of Wheatland, assets exceeded liabilities by $21,881,997 at the close of the Fiscal Year 2023/2024. This is an increase of $2,707,751 over the prior year.

The following table summarizes the City’s ending net position:
2024 2023 2024 2023 2024 2023
Assets
Current and other assets $ 9,589,743 $ 6,983,769 $ 9,857,090 $ 9,074,475 $ 19,446,833 $ 16,058,244 Capital assets 4,387,439 4,774,013 8,672,089 8,831,304 13,059,528 13,605,317 Total Assets $ 13,977,182 $ 11,757,782 $ 18,529,179 $ 17,905,779 $ 32,506,361 $ 29,663,561 Liabilities
Current and other liabilities $ 541,017 $ 617,674 $ 2,415,510 $ 2,332,899 $ 2,956,527 $ 2,950,573 Noncurrent liabilities 79,199 2,233,524 7,588,638 5,305,218 7,667,837 7,538,742 Total Liabilities $ 620,216 $ 2,851,198 $ 10,004,148 $ 7,638,117 $ 10,624,364 $ 10,489,315 Net Position
Net investment in capital assets $ 4,387,439 $ 4,774,013 $ 945,926 $ 3,378,876 $ 5,333,365 $ 8,152,889 Restricted 6,314,647 4,390,389 5,138,964 4,867,016 11,453,611 9,257,405 Unrestricted 2,654,880 (257,818) 2,440,141 2,021,770 5,095,021 1,763,952 Total Net Position $ 13,356,966 $ 8,906,584 $ 8,525,031 $ 10,267,662 $ 21,881,997 $ 19,174,246 Table 1 - Net Position
Governmental Activities Business-Type Activities Total
39 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis
Net position of the City’s governmental activities increased $4,450,382 to $13,356,966. Approximately 20% of net position relating to governmental activities are unrestricted, and $4,387,439 of the net position for governmental activities was for investments in capital assets, (e.g., land, buildings, general government infrastructure, equipment, etc.), less accumulated depreciation and any outstanding that was debt used to acquire or construct those assets. Capital assets represent infrastructure which provide services to citizens and are not available for future spending. Although the City‘s investment in capital assets is reported net of related debt, it should be noted that the resources to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate the liabilities.

Total net position of the City’s business-type activities decreased $1,742,631 to $8,825,031. At the end of the current fiscal year, the City of Wheatland is able to report a positive balance for the government as a whole.

The reasons for the overall financial changes are discussed in the following sections for governmental and business-type activities.

With total revenues for Fiscal Year 2023/2024 at $10,049,460 and total expenses at $6,871,666, the change in net position for current activity yielded an increase of $3,177,794.

An analysis of the changes in revenues and expenses by type of significant events follows:

Increase Increase
Functions/Programs 2024 2023 (Decrease) 2024 2023 (Decrease) Program Revenues
Charges for services $ 2,942,044 $ 1,705,775 $ 1,236,269 $ 2,443,301 $ 2,286,334 $ 156,967 Operating grants and contributions 408,283 874,661 (466,378) 85,000 290,125 (205,125) Capital grants and contributions 261,950 - 261,950 - 1,448,417 (1,448,417) Total Program Revenues 3,612,277 2,580,436 1,031,841 2,528,301 4,024,876 (1,496,575) General Revenues
Property taxes 955,263 928,438 26,825 - - -
Sales taxes 978,477 1,083,496 (105,019) - - -
Franchise taxes 161,528 152,519 9,009 - - -
Excise tax 258,307 93,511 164,796 - - -
Other taxes 508,958 455,858 53,100 - - -
Investment earnings 279,245 83,760 195,485 376,177 195,741 180,436 Other revenues 368,298 866,174 (497,876) 22,629 - 22,629 Transfers - (38,320) 38,320 - 38,320 (38,320)
Total General Revenues, Transfers and Special 3,510,076 3,625,436 (115,360) 398,806 234,061 164,745 Expenses
General government 575,481 572,635 2,846 - - -
Public safety 2,250,667 1,780,545 470,122 - - -
Public works 375,198 2,107,604 (1,732,406) - - -
Community development 882,227 1,008,912 (126,685) - - - Parks and recreation 255,741 335,660 (79,919) - - -
Interest on fiscal charges - 483 (483) - - -
Water - - - 1,194,983 1,103,152 91,831
Sewer - - - 1,337,369 1,231,407 105,962
Total Expenses 4,339,314 5,805,839 (1,466,525) 2,532,352 2,334,559 197,793 Increase / (Decrease) in Net Position 2,783,039 400,033 2,383,006 394,755 1,924,378 (1,529,623) Prior Period Adjustments 1,667,343 (657,672) 2,325,015 (2,137,386) - (2,137,386) Net Position, Beginning of Year 8,906,584 9,164,223 (257,639) 10,267,662 8,343,284 1,924,378 Net Position, End of Year $ 13,356,966 $ 8,906,584 $ 4,450,382 $ 8,525,031 $ 10,267,662 $ (1,742,631) Table 2 - Statement of Changes in Net Position
Governmental Activities Business-Type Activities
40 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis
Governmental Activities
As shown in table 2 schedule, the net position for governmental activities increased from $8,906,584 in the prior year to $13,356,966 in the current fiscal year. This increase is largely due to increases in investment earnings, development impact fees, and taxes.

Total program revenues for governmental activities were $3,612,277, which included $2,942,044 in charges for services, $408,283 in operating grants and contributions and $261,950 in capital grants and contributions. Total program revenues from the prior year were $2,580,436. Current year charges for services included $258,307 for economic and community development.

Total expenditures for governmental activities were $4,339,314, which was an decrease of $1,466,525 from the prior year of $5,805,839. This decrease was largely due to public works capital expenditures in the prior fiscal year.

Business-Type Activities
The City’s business type activities represent the water and sewer enterprise operations.

Total program revenues for business-type activities were $2,528,301 and was comprised of $2,443,301 in charges for services and $85,000 in capital grants. Total program revenues from the prior year were $4,024,876. This decrease was mainly due to a decrease in grant contributions associated with capital projects.

Total expenses for business-type activities were $2,532,352, which was an increase of $197,793 from prior year.
41 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis
FINANCIAL ANALYSIS OF THE CITY’S GOVERNMENTAL FUNDS
As noted earlier, the City of Wheatland uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements.

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

In particular, the unassigned fund balance may serve as a useful measure of a government’s net resources available for discretionary use as they represent the portion of fund balance which has not yet been limited to use for a particular purpose by either an external party, the City itself, or a group or individual that has been delegated authority to assign resources for particular purposes by the City of Wheatland’s Council.

The following table summarizes the changes in fund balance of the Major Funds and Other Nonmajor Governmental Funds:

General Fund – Components of Fund Balance
The general fund is the chief operating fund of the City of Wheatland. At the end of the current fiscal year, the unassigned fund balance of the general fund was $2,785,957 and the total fund balance in the General Fund was $2,789,164. This is an increase in total fund balance of $424,426 from the prior year.

Pool Development Planning Nonmajor
General Operations Impact Projects Gov't
Fund Fund Fund Fund Funds Total
Total Revenues $ 2,784,351 $ 43,043 $ 855,359 $ 699,480 $ 2,740,120 $ 7,122,353 Total Expenditures (2,484,291) - - (1,016,222) (844,056) (4,344,569) Revenues Over (Under) Expenditures 300,060 43,043 855,359 (316,742) 1,896,064 2,777,784 Transfers In 170,000 - - 422,700 447,238 1,039,938
Transfers Out (97,238) - - - (942,700) (1,039,938)
Change in Fund Balances 372,822 43,043 855,359 105,958 1,400,602 2,777,784 Beginning Fund Balances 2,364,738 1,049,935 1,168,120 - 1,826,283 6,409,076 Prior Period Adjustments 51,604 - - (22,655) (114,284) (85,335) Ending Fund Balances $ 2,789,164 $ 1,092,978 $ 2,023,479 $ 83,303 $ 3,112,601 $ 9,101,525 Major Funds
Table 3 - Summary of Changes in Fund Balance - Governmental Funds 42 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis
FINANCIAL ANALYSIS OF THE CITY’S ENTERPRISE FUNDS
The following table summarizes the changes in fund net position of the City’s enterprise funds:

The Water fund is financed and operated in a manner similar to that of a private business. The fund’s net position went from $2,029,665 in Fiscal Year 2022/2023 to $2,381,657 in Fiscal Year 2023/2024, an increase of $351,992. Revenues totaled $1,379,818. This decrease of $111,725 from the prior fiscal year was mainly due to a decrease in grant revenue offset by waterrate increases. Annual rate increases will continue through March 2028. Expenses totaled $1,118,183. This is an increase of $95,540 from the prior year.

The Sewer fund is financed and operated in a manner similar to that of a private business. The fund’s net position went from $8,237,997 in Fiscal Year 2022/2023 to $6,143,374 in Fiscal Year 2023/2024, a decrease of $2,094,623. This decrease was mainly due to a prior period adjustment totaling $2,157,670 to reclassify a note payable that was incorrectly reported as a governmental activity instead if a business-type activity in the enterprise funds in Fiscal Year 2022/2023. Also included in the prior period adjustment was a $89,714 decrease to reclassify a Fiscal Year 2022/2023 capital contribution to notes payable. Revenues totaled $1,171,112. This increase of $86,196 from the prior fiscal year was mainly due to sewer rate increases.

Annual rate increases will continue through March 2028. Expenses totaled $1,229,256. This is an increase of $107,196 from the prior year.

Water Sewer
Fund Fund Total
Total Revenues $ 1,379,818 $ 1,171,112 $ 2,550,930
Total Expenditures 1,118,183 1,229,256 2,347,439
Operating Income (Loss) 261,635 (58,144) 203,491
Nonoperating Revenues (Expenses) (19,641) 210,905 191,264 Change in Net Position 241,994 152,761 394,755
Beginning Net Position 2,029,665 8,237,997 10,267,662
Prior Period Adjustment 109,998 (2,247,384) (2,137,386) Ending Net Position $ 2,381,657 $ 6,143,374 $ 8,525,031 Enterprise Funds
Summary of Changes in Net Position - Proprietary Funds
43 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis

CAPITAL ASSETS
The following table summarizes the City’s capital assets at the end of the year:

At the end of Fiscal Year 2023/2024, the City invested $27.9 million in a broad range of capital assets, including police and fire equipment, buildings, park facilities, street and storm drainage improvements and water and sewer facilities. Additional detailed information on the City’s capital assets is presented Note 5 to the financial statements on pages 55 and 56.

DEBT ADMINISTRATION
The following table summarizes the City’s debt at the end of the year:

At June 30, 2024, the City had $7,726,163 in bonds and notes payable. Debt service payments and premium reductions decreased the bond debt by $177,629 from Fiscal Year 2022/2023. A prior period adjustment reclassified the Governmental Activities Notes Payable to a Business-type Activities Notes Payable. Additional detail and information on long-term debt activity is described in Note 6 of these financial statements.
2024 2023 2024 2023 2024 2023 % Change
Land $ 86,063 $ 86,063 $ 33,938 $ 33,938 $ 120,001 $ 120,001 0.00% Construction-in-progress - 1,007,507 5,628,734 5,339,755 5,628,734 6,347,262 -11.32% Buildings and improvement 1,647,160 1,453,009 51,186 62,950 1,698,346 1,515,959 12.03% Infrastructure 2,380,396 1,973,458 - - 2,380,396 1,973,458 20.62% Vehicles 197,797 - 26,824 34,488 224,621 34,488 551.30% Machinery and equipment 76,023 253,976 33,276 44,554 109,299 298,530 -63.39% Water system improvements - - 1,908,063 2,052,813 1,908,063 2,052,813 -7.05% Sewer system improvements - - 990,068 1,262,806 990,068 1,262,806 -21.60% Total Capital Assets, Net $ 4,387,439 $ 4,774,013 $ 8,672,089 $ 8,831,304 $ 13,059,528 $ 13,605,317 -4.01% Table 4 - Capital Assets at Year End - Net
Governmental Activities Business-type Activities Total
2024 2023 % Change
Notes Payable $ - $ 2,157,670 -100.00%
2024 2023 % Change
Notes Payable $ 2,451,364 $ - 100.00%
Water Revenue Refunding Bonds (2019 B) 2,168,323 2,252,816 -3.75% Wastewater Revenue Refunding Bonds (2019 A) 3,106,476 3,199,612 -2.91% Total outstanding long-term debt $ 7,726,163 $ 5,452,428 41.70% Table 5 - Outstanding Long-Term Debt at Year End
Governmental Activities
Business-type Activities
44 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis

GENERAL FUND BUDGETARY HIGHLIGHTS
Changes from the City's General Fund original budget to the final budget are detailed in the Required Supplementary Information section along with a comparison to actual activity for the year ended. In Fiscal Year 2023/2024, the City originally estimated that a $187,851 surplus change in fund balance which would increase overall fund balance. The City ended the year with an actual surplus change in fund balance of the General Fund of $372,822.

Revenues
The General Fund adopted and final revenue budgets were $2,406,316 and $2,705,316 while actual revenues recorded were $2,784,351. During the year, the City recorded $87,459 more in taxes and assessments, and $56,067 more in other revenue than budgeted. The other revenue was mostly from residential building activity administrative fees.

Expenditures
The General Fund adopted expenditures were $2,291,805 and the final budget was $2,513,291. Actual expenditures totaled $2,484,291. The budgetary variance is primarily related to overages in public safety.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGET AND RATES
The City continues to see healthy single-family and multi-family residential construction activity. We anticipate this will continue throughout Fiscal Year 2024-2025 as the City continues to work with various developers on their mapping and other requirements. The City annexed approximately 4,500 acres to the City in 2014. Preliminary planning is continuing for this annexation area.

The City’s one-half cent transaction sales tax received overwhelming voter approval to extend it through March 2031. The spike in Fiscal Year 2018/2019 and correction in Fiscal Year 2019/2020 was a misallocation by the California Department of Tax and Fee Administration. Sales tax revenue is expected to increase 3% in Fiscal Year 2024/2025.

Property tax revenues are budgeted to increase 7% in Fiscal Year 2024/2025 based on the assessed value increase per Yuba County. Anticipated new residential growth could increase budgeted estimates. 45 Section 4, Item # 4.1
City of Wheatland Management’s Discussion and Analysis
The Fiscal Year 2024/2025 budget includes a 3.0% salary increase for City employees as agreed upon in a Memorandum of Understanding between the City and employee bargaining units. Fiscal Year 2024/2025 service levels will remain the same as Fiscal Year 2023/2024. It is anticipated that staffing levels will increase in future years as required by development activity.

REQUEST FOR FINANCIAL INFORMATION
This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general overview of the City’s finances and to demonstrate the City’s accountability for the money it receives and spends. If you have questions about this report or need additional financial information, contact the City of Wheatland Finance Department, 111 C Street, Wheatland, California, 95692 or by calling 530-633-2761.
46 Section 4, Item # 4.1
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47 Section 4, Item # 4.1

BASIC FINANCIAL STATEMENTS
48 Section 4, Item # 4.1
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49 Section 4, Item # 4.1
City of Wheatland
Statement of Net Position
June 30, 2024
BusinessGovernmental type
Activities Activities Total
ASSETS
Current Assets:

Cash and investments 8,545,515 $ 8,159,829 $ $ 16,705,344 Accounts receivable 975,904 177,401 1,153,305
Interest receivable 138,617 265,942 404,559
Prepaid items 3,207 - 3,207
Internal balances (212,884) 212,884 -
Total Current Assets 9,450,359 8,816,056 18,266,415
Noncurrent Assets:

Notes receivable 139,384 1,041,034 1,180,418
Capital Assets:

Nondepreciable 86,063 5,628,734 5,714,797
Depreciable, net of accumulated depreciation 4,301,376 3,043,355 7,344,731 Total Capital Assets, Net 4,387,439 8,672,089 13,059,528 Total Noncurrent Assets 4,526,823 9,713,123 14,239,946
Total Assets $ 13,977,182 $ 18,529,179 $ 32,506,361

LIABILITIES
Current Liabilities:

Accounts payable $ 302,622 $ 122,888 $ 425,510
Accrued liabilities 16,637 19,057 35,694
Unearned revenue 112,254 2,025,818 2,138,072
Deposits 56,705 43,383 100,088
Compensated absences, due within one year 52,799 26,736 79,535 Long-term debt, due within one year - 177,628 177,628
Total Current Liabilities 541,017 2,415,510 2,956,527
Noncurrent Liabilities:

Compensated absences, due in more than one year 79,199 40,103 119,302 Long-term debt, due in more than one year - 7,548,535 7,548,535 Total Noncurrent Liabilities 79,199 7,588,638 7,667,837 Total Liabilities $ 620,216 $ 10,004,148 $ 10,624,364

NET POSITION
Net investment in capital assets $ 4,387,439 $ 945,926 $ 5,333,365 Restricted for:

Housing 142,373 - 142,373
Public safety 123,653 - 123,653
Public works 494,534 - 494,534
Community development 3,608,950 - 3,608,950
Parks and recreation 1,586,550 - 1,586,550
Capital projects 358,587 - 358,587
Water impact fees - 271,090 271,090
Sewer impact fees - 4,867,874 4,867,874
Total Restricted 6,314,647 5,138,964 11,453,611
Unrestricted 2,654,880 2,440,141 5,095,021
Total Net Position $ 13,356,966 $ 8,525,031 $ 21,881,997 The accompanying notes are an integral part of these financial statements. 50 Section 4, Item # 4.1
City of Wheatland
Statement of Activities
For the Year Ended June 30, 2024
Operating Capital BusinessCharges for Grants and Grants and Governmental type Functions/Programs Expenses Services Contributions Contributions Activities Activities Total Primary Government:

Governmental Activities:

General government $ 575,481 $ 740,125 $ 39,927 -$ 204,571 $ $ 204,571 Public safety 2,250,667 7,766 217,363 - (2,025,538) (2,025,538) Public works 375,198 - 150,993 261,950 37,745 37,745
Community development 882,227 2,132,724 - - 1,250,497 1,250,497 Parks and recreation 255,741 61,429 - - (194,312) (194,312) Total Governmental Activities $ 4,339,314 $ 2,942,044 $ 408,283 $ 261,950 (727,037) (727,037) Business-type Activities:

Water $ 1,194,983 $ 1,285,325 $ 85,000 -$ 175,342 175,342 Sewer 1,337,369 1,157,976 - - (179,393) (179,393)
Total Business-type Activities $ 2,532,352 $ 2,443,301 $ 85,000 -$ (4,051) (4,051) General Revenues:

Taxes:

Property taxes 955,263 - 955,263
Sales taxes 978,477 - 978,477
Franchise taxes 161,528 - 161,528
Excise tax 258,307 - 258,307
Highway user tax 106,597 - 106,597
Special assessments 257,607 - 257,607
Road Maintenance and rehabilitation tax (SB1) 98,347 - 98,347 Other taxes 46,407 - 46,407
Total taxes - 2,862,533 2,862,533
Investment earnings 279,245 376,177 655,422
Other revenues 368,298 22,629 390,927
Total General Revenues 398,806 3,510,076 3,908,882
Change in Net Position 394,755 2,783,039 3,177,794
Net Position - Beginning of Year 10,267,662 8,906,584 19,174,246 Prior Period Adjustments (2,137,386) 1,667,343 (470,043) Net Position - Beginning of Year, As Adjusted 8,130,276 10,573,927 18,704,203 Net Position - End of Year $ 8,525,031 13,356,966 $ 21,881,997 $ The accompanying notes are an integral part of these financial statements.

Net (Expense) Revenue and
Program Revenues Changes in Net Position
51 Section 4, Item # 4.1
City of Wheatland
Balance Sheet
Governmental Funds
June 30, 2024
Pool Development Planning Nonmajor Total
General Operations Impact Projects Governmental Governmental Fund Fund Fund Fund Funds Funds
ASSETS
Cash and investments $ 2,367,892 $ 1,092,978 $ 2,023,479 $ 73,289 $ 2,987,877 $ 8,545,515 Accounts receivable 584,719 - - 219,924 171,261 975,904 Interest receivable 138,617 - - - - 138,617
Due from other funds 99,683 - - - - 99,683
Prepaid items 3,207 - - - - 3,207
Notes receivable - - - - 139,384 139,384
Total assets $ 3,194,118 $ 1,092,978 $ 2,023,479 $ 293,213 $ 3,298,522 $ 9,902,310

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable $ 159,207 -$ -$ $ 76,367 $ 67,048 $ 302,622 Accrued liabilities 10,847 - - - 5,790 16,637
Unearned revenue 15,000 - - 97,254 - 112,254
Deposits 7,016 - - 36,289 13,400 56,705
Due to other funds 212,884 - - - 99,683 312,567
Total liabilities 404,954 - - 209,910 185,921 800,785
Fund Balances:

Nonspendable
Prepaid items 3,207 - - - - 3,207
Restricted:

Housing - - - - 142,373 142,373
Public safety - - - - 123,653 123,653
Public works - - - - 494,534 494,534
Community development - - 2,023,479 - 1,585,471 3,608,950 Parks and recreation - 1,092,978 - - 493,572 1,586,550
Capital projects - - - - 358,587 358,587
Total restricted - 1,092,978 - 3,198,190 2,023,479 6,314,647 Assigned for capital projects - - - 83,303 - 83,303
Unassigned - 2,785,957 - - (85,589) 2,700,368
Total fund balances 1,092,978 2,789,164 2,023,479 83,303 3,112,601 9,101,525 Total liabilities and fund balances $ 1,092,978 3,194,118 $ 2,023,479 $ 293,213 $ 3,298,522 $ 9,902,310 $ The accompanying notes are an integral part of these financial statements.

Major Funds
52 Section 4, Item # 4.1
City of Wheatland
Reconciliation of the Government Funds Balance Sheet
to the Government-Wide Statement of Net Position
June 30, 2024
Total Fund Balances - Total Governmental Funds $ 9,101,525 Amounts reported for governmental activities in the statement of net position were different because:

Capital assets used in governmental activities were not current financial resources. Therefore, they were not reported in the Governmental Funds Balance Sheet. The capital assets were adjusted as follows:

Capital assets 10,398,927
Less: accumulated depreciation (6,011,488)
Total Capital Assets 4,387,439
Long-term obligations were not due and payable in the current period. Therefore, they were not reported in the Governmental Funds Balance Sheet. The long-term liabilities were adjusted as follows:

Compensated absences (131,998)
Net Position of Governmental Activities $ 13,356,966
The accompanying notes are an integral part of these financial statements. 53 Section 4, Item # 4.1
City of Wheatland
Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds
For the Year Ended June 30, 2024
Regional
Pool Development Sewer Planning Nonmajor Total
General Operations Impact Connection Projects Governmental Governmental Fund Fund Fund Fund Fund Funds Funds

REVENUES
Taxes and assessments 2,370,734 $ - $ -$ -$ $ 491,799 - $ $ 2,862,533 Licenses and permits 72,417 - - - - - 72,417
Fines and forfeitures 6,821 - - - - - 6,821
Charges for services 106,714 791,256 - 498,079 - 1,401,747 2,797,796 Intergovernmental 17,226 - - 133,321 - 467,250 617,797
Use of money and property 150,872 43,043 64,103 - 130 92,932 351,080 Other revenue 59,567 - - - 67,950 286,392 413,909
Total Revenues 2,784,351 43,043 855,359 699,480 - 2,740,120 7,122,353

EXPENDITURES
Current:

General government 429,954 - - - - 429,954 -
Public safety 1,677,320 - - - - 1,677,320 -
Public works 60,700 - - - 203,190 - 263,890
Community development 208,527 - - - 40,733 435,034 684,294 Parks and recreation 107,790 - - - - 57,052 164,842
Capital outlay - - - 975,489 - 148,780 1,124,269
Total Expenditures 2,484,291 - - 1,016,222 - 844,056 4,344,569 Excess (Deficiency) of
Revenues over Expenditures 300,060 43,043 855,359 (316,742) - 1,896,064 2,777,784

OTHER FINANCING SOURCES (USES)
Transfers in 170,000 - - 422,700 - 447,238 1,039,938
Transfers out (97,238) - - - (942,700) - (1,039,938)
Total Other Financing Sources (Uses) 72,762 - - 422,700 - (495,462) - Net Change in Fund Balances 372,822 43,043 855,359 105,958 - 1,400,602 2,777,784 Fund Balances Beginning 2,364,738 1,049,935 1,168,120 (2,019) 1,826,283 - 6,407,057 Prior Period Adjustments 51,604 - - - 832 - 52,436
Prior Period Fund Reclassifications - - - 2,019 (23,487) (114,284) (135,752) Fund Balances Beginning, as Adjusted 2,416,342 1,049,935 1,168,120 (22,655) - 1,711,999 6,323,741 Fund Balances Ending $ 2,789,164 $ 1,092,978 $ 2,023,479 $ - $ 83,303 $ 3,112,601 $ 9,101,525 The accompanying notes are an integral part of these financial statements.

Major Funds
54 Section 4, Item # 4.1
City of Wheatland
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances to the Government-Wide Statement of Activities
For the Year Ended June 30, 2024
Net Change in Fund Balances - Total Governmental Funds $ 2,777,784 Amounts reported for governmental activities in the Statement of Activities and Changes in net position were different because:

Governmental Funds report capital outlay as expenditures. However, in the Government-Wide Statement of Activities and Changes in net position, the cost of those assets was allocated over their estimated useful lives as depreciation expense.

Capital asset additions 475,912
Depreciation expense (455,475)
Compensated absences not required to be paid with current financial resources are not reported in the governmental funds, but are accrued as noncurrent liabilities in the Government Wide Statement Net Position. The change from prior year accrued compensated absences is reported in the applicable program expense. (15,182)
Change in Net Position of Governmental Activities $ 2,783,039 The accompanying notes are an integral part of these financial statements. 55 Section 4, Item # 4.1
City of Wheatland
Statement of Net Position
Proprietary Funds
June 30, 2024

Water Sewer
Fund Fund Total
ASSETS
Current assets:

Cash and cash equivalents 1,659,078 $ 6,500,751 $ 8,159,829 $ Accounts receivable, net 83,262 94,139 177,401
Interest receivable - 265,942 265,942
Due from other funds - 212,884 212,884
Total current assets 1,742,340 7,073,716 8,816,056
Noncurrent assets:

Notes receivable - 1,041,034 1,041,034
Capital assets:

Nondepreciable assets 975,923 4,652,811 5,628,734
Depreciable, net 1,989,762 1,053,593 3,043,355
Total capital assets, net 2,965,685 5,706,404 8,672,089 Total noncurrent assets 2,965,685 6,747,438 9,713,123
Total assets $ 4,708,025 $ 13,821,154 $ 18,529,179

LIABILITIES
Current liabilities:

Accounts payable $ 57,706 $ 65,182 $ 122,888
Accrued liabilities 9,990 9,067 19,057
Unearned revenue 12,434 2,013,384 2,025,818
Deposits 43,383 - 43,383
Current portion of compensated absences 13,813 12,923 26,736 Current portion of revenue refunding bonds 93,136 84,492 177,628 Total current liabilities 221,818 2,193,692 2,415,510
Noncurrent liabilities:

Noncurrent compensated absences 20,719 19,384 40,103
Noncurrent notes payable - 2,451,364 2,451,364
Noncurrent revenue refunding bonds 2,083,831 3,013,340 5,097,171 Total noncurrent liabilities 2,104,550 5,484,088 7,588,638 Total liabilities $ 7,677,780 2,326,368 $ 10,004,148 $

NET POSITION
Net Investment in capital assets 797,362 $ 148,564 $ 945,926 $ Restricted for impact fees 271,090 4,867,874 5,138,964
Unrestricted 1,126,936 1,313,205 2,440,141
Total net position $ 2,381,657 $ 6,143,374 $ 8,525,031
The accompanying notes are an integral part of these financial statements.

Business-Type Activities
Enterprise Funds
56 Section 4, Item # 4.1
City of Wheatland
Statement of Revenues, Expenses and Changes in Fund Net Position Proprietary Funds
For the Year Ended June 30, 2024

Water Sewer
Fund Fund Total

OPERATING REVENUES
Sales and service charges $ 1,285,325 $ 1,157,976 $ 2,443,301 Intergovernmental - 85,000 85,000
Other revenue 9,493 13,136 22,629
Total operating revenues 1,379,818 1,171,112 2,550,930

OPERATING EXPENSES
Salaries and benefits 427,046 391,033 818,079
Contracted services 75,665 101,990 177,655
Materials and supplies 222,414 234,280 456,694
Repairs and maintenance 5,965 20,925 26,890
Utilities 166,178 117,164 283,342
Insurance 56,851 56,851 113,702
Rent and leases - 22,883 22,883
Depreciation 164,064 284,130 448,194
Total operating expenses 1,118,183 1,229,256 2,347,439
Operating income (loss) 261,635 (58,144) 203,491

NONOPERATING REVENUES(EXPENSES)
Interest expense (76,800) (108,113) (184,913)
Investment earnings 57,159 319,018 376,177
Total nonoperating revenues(expenses) (19,641) 210,905 191,264 Change in net position 152,761 241,994 394,755
Total net position - beginning 2,029,665 8,237,997 10,267,662 Prior period error corrections (27,773) (87,695) (115,468) Prior period error correction notes payable - (2,157,670) (2,157,670) Prior period fund reclassifications 137,771 (2,019) 135,752 Total net position - beginning , as adjusted 2,139,663 5,990,613 8,130,276 Total net position - ending $ 2,381,657 $ 6,143,374 $ 8,525,031 The accompanying notes are an integral part of these financial statements.

Business-Type Activities
Enterprise Funds
57 Section 4, Item # 4.1
City of Wheatland
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2024

Water Sewer
Fund Fund Total
Cash flows from operating activities:

Receipts from customers and users 1,343,147 $ 1,160,435 $ 2,503,582 $ Payments to suppliers (391,059) (619,022) (1,010,081)
Payments to employees (414,773) (382,050) (796,823)
Net cash provided (used) by operating activities 537,315 159,363 696,678 Cash flows from noncapital financing activities:

Receipts from notes receivable 555,000 - 555,000
Interfund transactions (30,152) - (30,152)
Net cash provided (used) by noncapital financing activities 524,848 - 524,848 Cash flows from capital financing activities:

Purchases of capital assets (85,000) (203,979) (288,979) Proceeds from long-term debt - 293,694 293,694
Principal payments on long-term debt (75,000) (80,000) (155,000) Interest paid on long-term debt (77,900) (109,263) (187,163) Net cash provided (used) by capital financing activities (237,900) (99,548) (337,448) Cash flows from investing activities:

Investment income received 49,866 251,495 301,361
Net cash provided (used) by investing activities 49,866 251,495 301,361 Net increase (decrease) in cash and cash equivalents 349,281 836,158 1,185,439 Cash and cash equivalents - beginning 1,309,797 5,664,593 6,974,390 Cash and cash equivalents - ending 1,659,078 $ 6,500,751 $ 8,159,829 $ Reconciliation of operating income to net cash provided (used) by operating activities:

Operating income (loss) 261,635 $ (58,144) $ 203,491 $
Adjustments to reconcile operating income (loss)
to net cash provided (used) by operating activities:

Depreciation 164,064 284,130 448,194
Prior period adjustments 109,998 (89,714) 20,284
Changes in operating assets and liabilities:

Accounts receivable (54,660) (10,677) (65,337)
Accounts payable 26,016 24,785 50,801
Accrued liabilities 2,762 2,075 4,837
Compensated absences 9,511 6,908 16,419
Unearned revenue 12,434 - 12,434
Deposits 5,555 - 5,555
Net cash provided (used) by operating activities $ 537,315 $ 696,678 159,363 $ The accompanying notes are an integral part of these financial statements.

Business-Type Activities
Enterprise Funds
58 Section 4, Item # 4.1

NOTES TO THE BASIC

FINANCIAL STATEMENTS
59 Section 4, Item # 4.1
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60 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Financial Reporting Entity
The City of Wheatland (the City) was incorporated in 1874, under the laws and regulations of the State of California. The City operates under the City Council - Manager form of government and provides or contracts for the following services: public safety (Police and Fire), highways and streets, water, wastewater, culture-recreation, public improvements, planning and zoning, and general administration.

Authority and responsibility for operations is given to the City Council by the voters of the City of Wheatland. 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 City operates as a self-governing governmental unit within the State of California. There are no component units that are part of the City's operations.

B. Basis of Presentation
The basic financial statements of the City have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental agencies. The Governmental Accounting Standards Boards (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the City's accounting policies are described below.

The accounts of the City are organized on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund equity, revenues, and expenditures or expenses, as appropriate. These funds are established for the purpose of carrying out specific activities or certain objectives in accordance with specific regulations, restrictions, or limitations. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Government-Wide Financial Statements
The City's government-wide financial statements include a Statement of Net Position and a Statement of Activities and Changes in Net Position. These statements present summaries of governmental and business-type activities for the City. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support.

These statements are presented on an "economic resources" measurement focus and the accrual basis of accounting. Accordingly, all of the City's assets, deferred outflows of resources, liabilities, deferred inflows of resources (including capital assets, as well as infrastructure assets, and long-term liabilities), are included in the accompanying Statement of Net Position. The Statement of Activities presents changes in net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. The 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 clearly identifiable with a specific function or segment. Certain indirect costs are included in the program expense reported for individual 61 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
functions and activities. Certain types of transactions are reported as program revenues for the City in three categories, as applicable:
• Charges for services
• Operating grants and contributions
• Capital grants and contributions
Separate financial statements are provided for governmental funds and proprietary funds. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. Certain eliminations have been made as prescribed by GASB Statement No. 34 in-regards-to interfund activities, payables, and receivables. All internal balances in the Statement of Net Position have been eliminated. Interfund services provided and used are not eliminated in the process of consolidation. The following interfund activities have been eliminated:
• Transfers in/Transfers out
• Interfund receivable and payables
• Indirect costs between funds
The City applies all applicable GASB pronouncements including all interpretations currently in effect.

Governmental Fund Financial Statements
Governmental fund financial statements include a Balance Sheet and a Statement of Revenues, Expenditures and Changes in Fund Balances for all major governmental funds and non-major funds aggregated. An accompanying schedule is presented to reconcile and explain the differences in net position as presented in these statements to the net position presented in the government-wide financial statements. The City has presented all major funds that met the applicable criteria.

All governmental funds are accounted for on a spending or "current financial resources" measurement focus and the modified accrual basis of accounting. Accordingly, only current assets, deferred outflows of resources, current liabilities, and deferred inflows of resources are included on the balance sheets. The Statement of Revenues, Expenditures and Changes in Fund Balances present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets.

Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period.

Accordingly, revenues are recorded when received in cash, except that revenues subject to accrual (up to 60 days after year-end) are recognized when due. Property 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. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the government.

Expenditures are recorded in the accounting period in which the related fund liability is incurred.

However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due.
62 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
Unearned revenues arise when potential revenues do not meet both the "measurable" and "available" criteria for recognition in the current period. In subsequent periods when both revenue recognition criteria are met or when the government has a legal claim to the resources, the unearned revenue is removed from the combined balance sheet and revenue is recognized.

The City reports the following funds as major funds:

General Fund
The General Fund accounts for all financial resources except those to be accounted for in another fund. It is the general operating fund for the City.

Pool Operations Fund
The Pool Operations Fund accounts for donations provided for pool operations.

Development Impact Fund
This Development Impact Fee fund is used to account for development impact fees collected per the Caliterra Ranch Development Agreement.

Planning Projects Fund
The Planning Projects Fund accounts for revenue and expenses associated with planning and engineering projects.

Additionally, the City reports the following nonmajor fund types of governmental funds:

Special Revenue Funds
Special revenue funds account for and report the proceeds of specific revenue sources that are restricted, committed or assigned to specific purposes other than debt service or capital projects.

Capital Project Funds
Capital project funds account for and report financial resources that are restricted, committed, or assigned to expenditures for capital outlays, including the acquisition or construction of capital facilities and other capital assets in governmental funds.

Proprietary Funds
Proprietary Fund Financial Statements include a Statement of Net Position, a Statement of Revenues, Expenses and Changes in Fund Net Position, and a Statement of Cash Flows for each major proprietary fund and non-major funds aggregated.

In the fund financial statements, proprietary funds are presented using the accrual basis of accounting.

Revenues are recognized when they are earned and expenses are recognized when the related goods or services are delivered. Proprietary funds are presented using the “economic resources measurement focus”. This means all assets, deferred outflows of resources, liabilities (whether current or noncurrent) and deferred inflows of resources associated with their activities are included on their balance sheets.

Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in total net position.

Proprietary fund operating revenues, such as charges for services, result from exchange transactions associated with principal activity of the fund. Exchange transactions are those in which each party 63 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
receives and gives up essentially equal value. Non-operating revenues, such as subsidies, taxes, and investment earnings result from nonexchange transactions or ancillary activities. Amounts paid to acquire capital assets are capitalized as assets in the proprietary funds financial statements.

The City has the following enterprise funds that have been reported as major:

Water Fund
The Water Fund accounts for the operation and maintenance of the City's water production and distribution system.

Sewer Fund
The Sewer Fund accounts for the operation and maintenance of the City's wastewater collection system including operating costs of the wastewater treatment facility.

C. Cash and Investments
The City pools cash resources from all funds, except for cash with fiscal agent, in order to facilitate the management of cash and improve flexibility of its investment program. The balance in the pooled cash account is available to meet current operating requirements. The cash and investments balance in each fund represents that fund's equity share of the City's cash and investment pool. As the City places no restrictions on the deposit or withdrawal of a particular fund's equity in the pool, the pool operates like a demand deposit account for the participating funds.

Interest income earned on pooled cash and investments is allocated quarterly to the various funds based on quarterly balances. Interest income on restricted cash and investments with fiscal agents is credited directly to the related fund.

The City's cash and cash equivalents are considered to be cash on hand, demand deposits, and short-term investments with original maturity of three months or less from the date of acquisition. Cash and cash equivalents are combined with investments and displayed as Cash and Investments. The City also considers all non-pooled cash and investments (consisting of cash with fiscal agent and restricted cash and investments held by fiscal agent) as cash and cash equivalents because investments meet the criteria for cash equivalents defined above.

Other disclosures are specified including use of certain methods to present deposits and investments, highly sensitive investments, credit quality at year-end and other disclosures. The City participates in an investment pool managed by the State of California titled Local Agency Investment Fund (LAIF), which has invested a portion of the pool funds in Structured Notes and Asset Backed Securities. LAIF's investments are subject to credit risk with the full faith and credit of the State of California collateralizing these investments. In addition, these Structured Notes and Asset-Backed Securities are subject to market risk as to change in interest rates.

Investments are recorded at fair value in accordance with GASB Statement No. 72, Fair Value Measurement and Application. Accordingly, the change in fair value of investments is recognized as an increase or decrease to investment assets and investment income. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction. 64 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
In determining this amount, three valuation techniques are available:
• Market approach - This approach uses prices generated for identical or similar assets or liabilities.

The most common example is an investment in a public security traded in an active exchange such as the NYSE.
• Cost approach - This technique determines the amount required to replace the current asset. This approach may be ideal for valuing donations of capital assets or historical treasures. • Income approach - This approach converts future amounts (such as cash flows) into a current discounted amount.

Each of these valuation techniques requires inputs to calculate a fair value. Observable inputs have been maximized in fair value measures, and unobservable inputs have been minimized.

D. Receivables
Billed, but unpaid, services provided to individuals or non-governmental entities are recorded as accounts receivable. Revenues earned but not collected by year-end are accrued. No allowance for uncollectible accounts receivable has been provided as management has determined that uncollectible accounts have been immaterial historically and the direct write-off method does not result in a material difference from the allowance method.

E. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items. In governmental funds, prepaid items are accounted for using the consumption method and a portion of fund balance equal to the prepaid items has been offset by nonspendable fund balance to indicate that is not available for appropriation.

F. Interfund Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as either “due to/from other funds” (i.e., the current portion of interfund loans) or “advances to/from other funds” (i.e., the non-current portion of interfund loans). All other outstanding balances between funds are reported as “due to/from other funds.” Advances between funds, as reported in the fund financial statements, are offset by a fund balance reserve account in applicable government funds to indicate that they are not available for appropriation and are not expendable available financial resources. There were no advances between funds reported as of June 30, 2024.

G. Notes Receivable
The City uses CDBG grant and program income funds to provide housing loans to eligible applicants.

Such loans are made to low and moderate-income households to improve or rehabilitate residences.

Repayments of the outstanding loans are classified as revenue in the applicable governmental funds, and as a reduction to principal and as interest income in the government-wide statements.

City also has notes receivable from developers for the augmentation of sewer infrastructure to be paid to the City as part of development agreements. Principal repayments decrease the note balances in the 65 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
Sewer enterprise fund while the interest payment is reported as interest income when earned.

H. Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads, bridges, sidewalks, traffic lights and signals, street lights, and similar items), are reported in the applicable governmental or business-type activities in the government-wide financial statements. Capital assets are defined by the City as assets with an initial, individual cost of $10,000 or more and an estimated useful life in excess of three years. Such capital assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets, donated works of art and similar items, and capital assets received in a service concession arrangement are reported at acquisition value. The cost of normal maintenance and repairs that do not add to the value of the capital asset or materially extend capital asset lives are not capitalized.

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

Interest incurred during the construction phase of capital assets of business-type activities is included as part of the capitalized value of the assets constructed.

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

Buildings 30-50 Years
Improvements other than buildings 20-30 Years
Infrastructure 20-39 Years
Vehicles 5-15 Years
Computer equipment 3-5 Years
Other equipment and furnishings 3-5 Years
I. Deferred Outflows/Deferred Inflows of Resources
In addition to assets, the statement of financial position or balance sheet will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position or balance sheet will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

J. Compensated Absences
It is the City's policy to permit employees to accumulate earned but unused vacation and sick leave benefits. All vacation and sick leave benefits are accrued as earned by employees. Twenty-five percent of unused sick leave benefits is payable upon termination of employment with the City. For governmental activities and proprietary funds, a current liability is reported for that portion of the estimated value of vacation and sick leave benefits to be used during the subsequent fiscal year. The General Fund is primarily responsible for the repayment of the governmental portion of compensated absences while the Water and Sewer enterprise fund’s share in the allocation of compensated absences for business-type activities.
66 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
K. Long-Term Liabilities
In the government-wide financial statements and proprietary funds, long-term debt and other long-term obligations are reported as liabilities in the applicable governmental and business-type activities. When applicable, bond premiums and discounts are deferred and amortized over the life of the bonds using the straight-line method, bonds payable are reported net of the applicable bond premium or discount, and debt issuance costs are expensed in year incurred. The difference between the reacquisition price of refunding bonds and the net carrying amount of refunded debt (deferred amount on refunding) is amortized over the shorter of the life of the refunding debt or remaining life of the refunded debt. Amortization of bond premiums or discounts, and deferred amounts on refunding are included in interest expense.

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

L. Fund Balances
In accordance with Government Accounting Standards Board 54, Fund Balance Reporting and Governmental Fund Type Definitions, the City classifies governmental fund balances as follows:

Nonspendable
Nonspendable fund balance represents balances set aside to indicate items that do not represent available, spendable resources even though they are a component of assets. This includes amounts that cannot be spent because they are either (a) not spendable in form or (b) legally or contractually required to be maintained intact.

Restricted
Restricted fund balances have external restrictions imposed by creditors, grantors, contributors, laws, regulations, or enabling legislation which requires the resources to be used only for specific purpose.

Encumbrances and nonspendable amounts subject to restrictions are included along with spendable resources.

Committed
The City Council, as the City’s highest level of decision-making authority, may commit fund balance for specific purposes pursuant to the constraints imposed by formal actions taken, such as an ordinance or resolution. These committed amounts cannot be used for any other purpose unless the City Council removes or changes the specified use through the same type of formal action taken to establish the commitment. City Council action to commit fund balance needs to occur within the fiscal reporting period; however the specific amounts can be determined subsequently. Encumbrances and nonspendable amounts subject to Council commitments are included along with spendable resources.

Assigned
Assigned fund balances are amounts constrained by the City’s intent to be used for a specific purpose, but are neither restricted nor committed. Intent is expressed by the City Council or its designee, the City Manager, and may be changed at the discretion of the City Council or its designee. This category includes encumbrances; nonspendable amounts, when it is the City’s intent to use proceeds or collections for a 67 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
specific purpose, and residual fund balances, if any, of Special Revenue and Capital Projects Funds, which have not been restricted or committed.

Unassigned
Unassigned fund balance represents residual amounts that have not been restricted, committed, or assigned. This includes the residual general fund balance and residual fund deficits, if any, of other governmental funds.

Flow Assumption / Spending Order Policy
When expenditures are incurred for purposes for which both restricted and unrestricted fund balance is available, the City considers restricted funds to be spent first. When expenditures are incurred for which committed, assigned, or unassigned fund balances are available, the City considers amounts to be spent first out of committed funds, then assigned funds, and finally unassigned funds, as needed, unless the City Council has directed otherwise.

M. Net Position
In the government-wide financial statements, net position is classified in the following categories:

Net Investment in Capital Assets
This amount consists of capital assets net of accumulated depreciation and reduced by outstanding debt that are attributed to the acquisition, construction, or improvement of the assets. In addition, deferred outflows of resources and deferred inflows of resources that are attributable to the acquisition, construction, or improvement of those assets or related debt also are included in the net investment in capital assets component of net position.

Restricted Net Position
This amount is restricted by external creditors, grantors, contributors, or laws or regulations of other governments. These include developer fees received for use on capital projects, debt service requirements, and community development projects.

Unrestricted Net Position
This amount is all net position that does not meet the definition of "net investment in capital assets" or "restricted net position." The detail of amounts reported for each of the above defined net position categories is reported in the government-wide Statement of Net Position.

Use of Restricted/Unrestricted Net Position
When an expense is incurred for purposes for which both restricted and unrestricted net position are available, the City's policy is to apply restricted net position first.

N. Interfund Transactions
Interfund services provided and used are accounted for as revenue, expenditures or expenses, as appropriate. Transactions that constitute reimbursements to a fund for expenditures/expenses initially made from it that are properly applicable to another fund are recorded as expenditures/expenses in the reimbursed fund. All other interfund transactions, except for interfund services provided and used and reimbursements, are reported as transfers. All other interfund transfers are reported as transfers. 68 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
O. Property Taxes and Special Assessments
California Constitution Article XIII A limits the combined property tax rate to one percent of a property’s assessed valuation. Additional taxes may be imposed with voter approval. Assessed value is calculated at one hundred percent of a property’s fair value, as defined by Article XIII A, and may be increased no more than two percent per year unless a change in ownership occurs. The state legislature has determined the method of distributing the one percent tax levy among the various taxing jurisdictions.

Assessed values for purposes of property taxes are determined on an annual basis for the period July 1 to June 30 by the Yuba County Assessor as of January 1. Taxes are levied annually on July 1 and become a lien on real property at January 1. Taxes are due November 1 and February 1 and are delinquent if not paid by December 10 and April 10, respectively, at which time applicable penalties and interest are assessed. Unsecured taxes become delinquent if not paid by August 31.

P. Budgetary Information
The annual budget adopted by the City Council provides for the general operation of the City. It includes proposed expenditures and the means of financing them.

The City Council approves total budgeted appropriations and any amendments to appropriations throughout the fiscal year. All amendments made during the fiscal year are included in the budgetary amounts reported herein. The "appropriated budget" covers all City expenditures, with the exception of debt service on bond issues and capital improvement projects carried forward from prior fiscal years, which expenditures constitute legally authorized "non-appropriated budget". Actual expenditures may not exceed budgeted appropriations at the fund level, which is the legal level of control.

The City Manager is authorized to transfer budgeted amounts between departments within any fund; however, any revisions that alter the total expenditures of any fund must be approved by the City Council.

Budgets for the General and Special Revenue Funds are adopted on a basis substantially consistent with accounting principles generally accepted in the United States of America (USGAAP). Accordingly, actual revenues and expenditures can be compared with related budgeted amounts without any significant reconciling items.

Budget comparisons are not presented for the Proprietary Funds, as the City is not legally required to adopt a budget for these type funds. Budgets were not adopted for the following nonmajor governmental funds: Prop 68 Grant Fund and the 6th Cycle Housing Fund. Appropriations for capital projects authorized but not constructed or completed during the fiscal year are carried forward as continuing appropriations into the following fiscal year's budget.

Under Article XIII-B of the California constitution (the Gann Spending Limitation Initiative), the City is restricted as to the amount of annual appropriations from the proceeds of taxes, and if proceeds of taxes exceed allowed appropriations, the excess must either be refunded to the State Controller or returned to the taxpayers through revised tax rates or revised fee schedules, or an excess in one year may be offset by a deficit in the following year. For the fiscal year ended June 30, 2024, based on calculations by City staff, proceeds of taxes did not exceed appropriations. Further, Section 5 of Article XIII-B allows the City to designate a portion of fund balance for general contingencies, to be used for any purpose. 69 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
The following summarizes the General Fund’s actual and budgeted expenditures by department during the year:

Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)

EXPENDITURES
Current:

General government $ 254,956 $ 435,186 $ 429,954 $ 5,232 Public safety 1,616,209 1,587,790 1,677,320 (89,530)
Public works 106,150 106,150 60,700 45,450
Community development 216,446 194,791 208,527 (13,736)
Parks and recreation 98,044 99,644 107,790 (8,146)
Total Expenditures $ 2,291,805 $ 2,423,561 $ 2,484,291 $ (60,730) There were no material expenditures in excess of budget by department during the year.

Q. Unearned Revenue
Unearned revenue arises when assets are received before revenue recognition criteria have been satisfied.

Grants and entitlements received before eligibility requirements are met are recorded as deferred inflows of resources from unavailable revenue.

R. Use of Estimates
The preparation of basic financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

S. Implementation of New Accounting Pronouncements
GASB Statement No. 100, Accounting Changes and Error Corrections—an amendment of GASB Statement No. 62
This Statement defines accounting changes as changes in accounting principles, changes in accounting estimates, and changes to or within the financial reporting entity and describes the transactions or other events that constitute those changes. This Statement also prescribes the accounting and financial reporting for (1) each type of accounting change and (2) error corrections in previously issued financial statements.

This Statement did not have a material impact on the financial statements.

T. Upcoming New Accounting Pronouncements
The City is currently analyzing its accounting practices to identify the potential impact on the financial statements of the following GASB Statements:

GASB Statement No. 101, Compensated Absences
70 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
This Statement requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used but not yet paid in cash or settled through noncash means. A liability should be recognized for leave that has not been used if (a) the leave is attributable to services already rendered, (b) the leave accumulates, and (c) the leave is more likely than not to be used for time off or otherwise paid in cash or settled through noncash means. Leave is attributable to services already rendered when an employee has performed the services required to earn the leave. Leave that accumulates is carried forward from the reporting period in which it is earned to a future reporting period during which it may be used for time off or otherwise paid or settled. In estimating the leave that is more likely than not to be used or otherwise paid or settled, a government should consider relevant factors such as employment policies related to compensated absences and historical information about the use or payment of compensated absences. However, leave that is more likely than not to be settled through conversion to defined benefit postemployment benefits should not be included in a liability for compensated absences.

This Statement requires that a liability for certain types of compensated absences - including parental leave, military leave, and jury duty leave—not be recognized until the leave commences. This Statement also requires that a liability for specific types of compensated absences not be recognized until the leave is used. A liability for leave that has been used but not yet paid or settled should be measured at the amount of the cash payment or noncash settlement to be made. Certain salary-related payments that are directly and incrementally associated with payments for leave also should be included in the measurement of the liabilities. The requirements of this Statement are effective for fiscal years beginning after December 15, 2023, and all reporting periods thereafter.

GASB Statement No. 102, Certain Risk Disclosures
This Statement requires a government to assess whether a concentration or constraint makes the primary government reporting unit or other reporting units that report a liability for revenue debt vulnerable to the risk of a substantial impact. Additionally, this Statement requires a government to assess whether an event or events associated with a concentration or constraint that could cause the substantial impact have occurred, have begun to occur, or are more likely than not to begin to occur within 12 months of the date the financial statements are issued.

If a government determines that those criteria for disclosure have been met for a concentration or constraint, it should disclose information in notes to financial statements in sufficient detail to enable users of financial statements to understand the nature of the circumstances disclosed and the government’s vulnerability to the risk of a substantial impact. The disclosure should include descriptions for (1) the concentration or constraint (2) each event associated with the concentration or constraint that could cause a substantial impact if the event had occurred or had begun to occur prior to the issuance of the financial statements (3) actions taken by the government prior to the issuance of the financial statements to mitigate the risk. The requirements of this Statement are effective for fiscal years beginning after June 15, 2024, and all reporting periods thereafter.

GASB Statement No. 103, Financial Reporting Model Improvements This Statement is to 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.
71 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
This Statement establishes new accounting and financial reporting requirements or modifies existing requirements related to (a) Management’s discussion and analysis (MD&A) (b) Unusual or infrequent items (c) Presentation of the proprietary fund statement of revenues, expenses, and changes in fund net position (d) Information about major component units in basic financial statements (5) Budgetary comparison information (6) Financial trend information in the statistical section. The requirements of this Statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter.

NOTE 2 - CASH AND INVESTMENTS
Cash and investments consisted of the following as of June 30, 2024:

Deposits:

Cash on hand $ 600
Deposits with financial institutions 2,339,181
Total Deposits 2,339,781
Investments:

Local Agency Investment Fund 11,838,153
Certificates of deposit 2,327,657
PARS restricted cash with fiscal agent 199,753
Total investments 14,365,563
Total cash and investments $ 16,705,344
A. Cash Deposits
The California Government Code requires California banks and savings and loan associations to secure the City's cash deposits by pledging securities as collateral. This Code states that collateral pledged in this manner shall have the effect of perfecting a security interest, and places the City ahead of general creditors of the institution. The fair value of pledged securities must equal at least 110 percent of the City's cash deposits. California law also allows institutions to secure City deposits by pledging first trust deed mortgage notes that have a value of 150 percent of the City's total cash deposits. Cash deposits insured up to $250,000 per entity, per bank by the Federal Deposit Insurance Corporation (FDIC).

The bank balances before reconciling items totaled $2,166,265 at June 30, 2024 and were different from carrying amounts due to deposits in transit and outstanding checks. The amount uninsured was $1,916,265, which was collateralized by securities held by pledging financial institutions. The City follows the practice of pooling cash and investments of all funds, except for funds required to be held by fiscal agents. Interest income earned on pooled cash and investments is allocated to the various funds based on the period-end cash and investment balances. Interest income from cash and investments with fiscal agents is credited directly to the related fund.

B. Fair Value Measurements
GASB 72 established a hierarchy of inputs to the valuation techniques with three levels:
• Level 1 inputs are quoted prices in active markets for identical assets or liabilities. • Level 2 inputs are quoted market prices for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other than quoted prices that are not observable
• Level 3 inputs are unobservable inputs, such as a property valuation or an appraisal. 72 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
C. Investment Policy
Allowable investment instruments are defined in the California Government Code Section 53600, et. seq., as amended. If the Code is further revised to allow additional investments or is changed regarding the limits on certain categories of investments, the City is authorized to conform to these changes, excluding those changes that may be prohibited by this policy. Where the Government Code specifies a percentage limitation for a particular category of investments, that percentage is applicable only at the date of purchase.

The table below identifies the investment types that are authorized by the City’s investment policy and the California Government Code (or the City's investment policy, if more restrictive). Under the provisions of the City's investment policy, and in accordance with California Government Code, the following investments are authorized:

Authorized Investment Type
Maximum
Maturity
Maximum
Percentage of
Portfolio
Maximum
Investment in
One Issuer
US Treasury and Other Government Obligations 5 Years None None Federal Agency Issues 5 Years 25% None
Negotiable Certificates of Deposit 5 Years 30% 5%
Banker's Acceptance 180 Days 40% 5%
Mutual Funds and Money Market Mutual Funds n/a 20% None Commercial Paper 270 Days 25% 5%
Local Agency Investment Fund (LAIF) n/a None $75M
Non-Negotiable Certificates of Deposit 5 Years 20% None D. External Investment Pool
The City's investments with LAIF at June 30, 2024, includes a portion of the pooled funds invested in Structured Notes and Asset-Backed Securities. These investments include the following:

Structured Notes
These are debt securities (other than asset-backed securities) whose cash flow characteristics (coupon rate, redemption amount, or stated maturity) depend upon one or more indices and/or that have embedded forwards or options.

Asset-Backed Securities
The bulk of asset-backed securities are mortgage-backed securities, entitle their purchasers to receive a share of the cash flows from a pool of assets such as principal and interest repayments from a pool of mortgages (such as CMO's) or credit card receivables.

LAIF is not registered with the Securities and Exchange Commission and is not rated. LAIF is overseen by the Local Agency Investment Advisory Board, which consists of five members, in accordance with State statute. The approved investments policy is listed on the LAIF website, located at http://www.treasurer.ca.gov/pmia-laif/.
73 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
E. Risk Disclosures
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 term of an investment’s maturity, the greater the sensitivity 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.

Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of an investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. As of June 30, 2024, the City’s investments were in compliance with the ratings required by the City’s investment policy and Government Code.

Concentrations of Credit Risk
The investment policy of the City contains no limitations on the amount that can be invested in any one issuer beyond that stipulated by the California Government Code. There are no investments in any one issuer that represent 5% or more of total City investments required to be disclosed.

Custodial Credit Risk
For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the City will not be able to recover the value of its investments or collateral securities that are in the possession of an outside 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 investments.

With respect to investments, custodial credit risk generally applies only to direct investments in marketable securities. Custodial credit risk does not apply to a local government's indirect investment in securities through the use of mutual funds or government investment pools (such as LAIF).

As of June 30, 2024, the City’s investments had the following maturities:
12 Months or
Less 1-5 years Fair Value
Fair Value
Input Levels Rating
Local Agency Investment Funds $ 11,838,153 $ - $ 11,838,153 n/a n/a Certificates of deposit 1,129,473 1,198,184 2,327,657 Level 1 Not rated Treasuries 199,753 - 199,753 Level 1 AA/AAA
Total Investments $ 13,167,379 $ 1,198,184 $ 14,365,563 Investment Type
74 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
NOTE 3 - NOTES RECEIVABLE
Notes receivable consisted of the following as of June 30, 2024:

Notes Interest Balance
Description Receivable Receivable June 30, 2024
Governmental Activities
Special Revenue Funds:

CDBG Loans $ 139,384 $ 139,384 - $
Busioness-type Activities
Enterprise Funds:

Developer Notes 1,041,034 265,942 1,306,976
Total Notes Receivable $ 1,180,418 $ 265,942 $ 1,446,360 CDBG Loans
CDBG loans to assist low-income residents to afford safe and sanitary housing, including improvements to housing; non-interest; principal and interest generally due at maturity or change of home ownership; secured by deeds of trust.

Developer Notes
Notes receivable from developers are for the augmentation of sewer infrastructure to be paid to the City as part of development agreements. Interest on the notes is based on rates that are matched to the Construction Cost Index annually.

NOTE 4 - INTERFUND TRANSACTIONS
Inter-fund Receivables and Payables
Amounts due to or due from other funds reflect inter-fund balances for services rendered or short-term loans expected to be repaid in the next fiscal year. As of June 30, 2024, the City reported the following interfund balances:

Due from Due to
Fund Other Funds Other Funds
General Fund $ 99,683 $ 212,884
Nonmajor Funds - 99,683
Sewer Fund 212,884 -
Total Due From/To $ 312,567 $ 312,567
75 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
Transfers In/Out
Transfers from the General Fund to the Lighting and Landscape funds were to fund the General Fund portion of the District’s operating expenses. Transfers from the General Fund and Nonmajor funds to the Planning Projects fund were to pay for capital improvements. Material transfers between Nonmajor funds included $350,000 transferred from the General Plan Update Impact Fees fund to the General Plan Update Fund. The following summarizes transfers between funds during the fiscal year ended June 30, 2024:

Fund Transfer in Transfer out
General Fund $ 170,000 $ 97,238
Planning Projects 422,700 -
Nonmajor Funds 447,238 942,700
Total Transfers $ 1,039,938 $ 1,039,938
NOTE 5 - CAPITAL ASSETS
Capital assets for governmental activities consisted of the following as of June 30, 2024:

Balance Deletions/ Balance
Governmental activities: July 01, 2023 Additions Transfers Adjustments June 30, 2024 Non-depreciable:

Land $ 86,063 $ - $ - $ - $ 86,063
Construction in progress 1,007,507 72,283 (672,779) (407,011) - Total Non-Depreciable 1,093,570 72,283 (672,779) (407,011) 86,063 Depreciable:

Buildings and improvements 3,641,029 21,372 289,068 - 3,951,469 Infrastructure 4,521,114 382,257 383,711 (121,081) 5,166,001 Vehicles - - - 823,155 823,155
Machinery and equipment 1,074,313 - - (702,074) 372,239 Total Depreciable 9,236,456 403,629 672,779 - 10,312,864 Less Accumulated Depreciation for:

Buildings and improvements (2,188,020) (116,289) - - (2,304,309) Infrastructure (2,547,656) (237,949) - - (2,785,605)
Vehicles - (72,459) - (552,899) (625,358)
Machinery and equipment (820,337) (28,778) - 552,899 (296,216) Total Accumulated Depreciation (5,556,013) (455,475) - - (6,011,488) Total Depreciable Capital Assets - Net 3,680,443 (51,846) 672,779 - 4,301,376 Total Capital Assets - Net $ 4,774,013 $ 20,437 $ - $ (407,011) $ 4,387,439 Depreciation expense was charged to governmental activities as follows:

General Government $ 56,935
Public Safety 227,737
Public Works 56,934
Community Development 56,935
Parks and Recreation 56,934
Total depreciation expense $ 455,475
76 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
Capital assets for business-type activities consisted of the following as of June 30, 2024:

Balance Deletions/ Balance
Water Fund July 01, 2023 Additions Transfers Adjustments June 30, 2024 Non-depreciable:

Land $ 16,969 $ - $ - $ - $ 16,969
Construction in rogress 890,923 85,000 - - 975,923
Total Non-Depreciable 907,892 85,000 - - 992,892
Depreciable:

Buildings and improvements 113,045 - - (2,412) 110,633
Infrastructure 5,019,130 - - - 5,019,130
Vehicles 45,354 - - - 45,354
Machinery and equipment 438,632 - - (16,789) 421,843
Total Depreciable 5,616,161 - - (19,201) 5,596,960
Less Accumulated Depreciation for:

Buildings and improvements (81,571) (5,882) - 2,412 (85,041) Infrastructure (2,966,317) (144,750) - - (3,111,067)
Vehicles (28,110) (3,832) - - (31,942)
Machinery and equipment (403,306) (9,600) - 16,789 (396,117) Total Accumulated Depreciation (3,479,304) (164,064) - 19,201 (3,624,167) Total Depreciable Capital Assets - Net 2,136,857 (164,064) - - 1,972,793 Total Capital Assets - Net $ 3,044,749 $ (79,064) $ - $ - $ 2,965,685 Balance Deletions/ Balance
Sewer Fund July 01, 2023 Additions Transfers Adjustments June 30, 2024 Non-depreciable:

Land $ 16,969 $ - $ - $ - $ 16,969
Construction in rogress 4,448,833 203,978 - - 4,652,811 Total Non-Depreciable 4,465,802 203,978 - - 4,669,780
Depreciable:

Buildings and improvements 113,045 - - (2,412) 110,633
Infrastructure 5,759,698 - - - 5,759,698
Vehicles 31,867 - - - 31,867
Machinery and equipment 332,474 - - - 332,474
Total Depreciable 6,237,084 - - (2,412) 6,234,672
Less Accumulated Depreciation for:

Buildings and improvements (81,569) (5,882) - 2,412 (85,039) Infrastructure (4,496,892) (272,738) - - (4,769,630)
Vehicles (14,623) (3,832) - - (18,455)
Machinery and equipment (323,246) (1,678) - - (324,924) Total Accumulated Depreciation (4,916,330) (284,130) - 2,412 (5,198,048) Total Depreciable Capital Assets - Net 1,320,754 (284,130) - - 1,036,624 Total Capital Assets - Net $ 5,786,556 $ (80,152) $ - $ - $ 5,706,404 Depreciation expense was charged to business-type activities as follows:

Water $ 164,064
Sewer 284,130
Total depreciation expense $ 448,194
77 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
NOTE 6 - NONCURRENT LIABILITIES
The City's noncurrent liabilities consisted of the following as of June 30, 2024:

Balance Balance Due Within
Description July 01, 2023 Adjustments Additions Repayments June 30, 2024 One Year Governmental Activities:

Note Payable $ 2,157,670 $ (2,157,670) $ - $ - $ - $ -
Compensated Absences 116,816 - 50,227 (35,045) 131,998 52,799 Total Governmental Activities Debt $ 2,274,486 $ (2,157,670) $ 50,227 $ (35,045) $ 131,998 $ 52,799 Business-type Activities:

Water Fund:

Compensated Absences $ 25,021 $ - $ 17,017 $ (7,506) $ 34,532 13,813 Direct Borrowing:

Water Revenue Refunding Bonds (2019 B) 2,025,000 - - (75,000) 1,950,000 75,000 Premium 227,816 - - (9,493) 218,323 9,492
Total Water Fund 2,277,837 - 17,017 (91,999) 2,202,855 98,305 Sewer Fund:

Compensated Absences 25,399 - 14,528 $ (7,620) 32,307 12,923 Note Payable - 2,157,670 293,694 - 2,451,364 -
Direct Borrowing:

Wastewater Revenue Refunding Bonds (2019 A) 2,950,000 - - (80,000) 2,870,000 80,000 Premium 249,612 - - (13,136) 236,476 13,136
Total Sewer Fund 3,225,011 2,157,670 308,222 (100,756) 5,590,147 106,059 Total Business-type Activities Debt $ 5,502,848 $ 2,157,670 $ 325,239 $ (192,755) $ 7,793,002 $ 204,364 Compensated Absences
Compensated absences in governmental activities have been paid from the General Fund. Compensated absences in business-type activities have been paid from the Water and Sewer Funds.

Water Fund - Revenue Refunding Bonds 2019 series B
On December 1, 2019, The City issued Revenue Refunding Bonds 2019 series B, (the “Bonds”) in the amount of $2,210,000 to refund certificates of participation from the United States Department of Agriculture. The bonds bear interest between 3% and 4% with scheduled semiannual debt service payments due from May 1, 2021 through May 1, 2042. The City's Water Fund charges for services were pledged as the specific revenue source for the repayment of the Bonds.

The following summarizes the City’s debt service requirements:

Fiscal Year Ending: Principal Interest Total
2025 $ 75,000 $ 75,650 $ 150,650
2026 80,000 72,650 152,650
2027 85,000 69,450 154,450
2028 85,000 66,050 151,050
2029 90,000 62,650 152,650
2030-2034 505,000 256,450 761,450
2035-2039 610,000 155,050 765,050
2038-2041 420,000 34,000 454,000
Total $ 1,950,000 $ 791,950 $ 2,741,950
78 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
Note Payable
On July 7, 2020, the City entered into a grant and loan agreement with the Yuba County Water Agency for funding to design and build wastewater system improvements, that service parts of the City and connect to the Olivehurst Public Utilities District. The agreement was amended on October 18, 2022. The grant totaled $1,300,000 and the loan was not to exceed $3,300,000 with repayment required once work on the project is completed. The repayment structure and schedule will be determined at the time of project completion. The City has drawn $2,451,364 in funding from the loan and the project was still in progress as of June 30, 2024. During the year, the City reclassified the loan from governmental activities to business-type activities which was reflected as a prior period correction on the government wide statement of activities of $2,157,670.

Wastewater Fund - Revenue Refunding Bonds 2019 Series A On December 1, 2019, The City issued Revenue Refunding Bonds 2019 series A (the “Bonds”), in the amount of $3,245,000 to refund certificates of participation from the United States Department of Agriculture. The bonds bear interest between 3% and 4% with scheduled semiannual debt service payments due from May 1, 2020 through May 1, 2047. The City's Sewer Fund charges for services were pledged as the specific revenue source for the repayment of the Bonds.

The following summarizes the City’s debt service requirements:

Fiscal Year Ending: Principal Interest Total
2025 $ 80,000 $ 106,863 $ 186,863
2026 85,000 103,663 188,663
2027 90,000 100,263 190,263
2028 90,000 96,663 186,663
2029 95,000 93,063 188,063
2030-2034 530,000 405,510 935,510
2035-2039 635,000 306,350 941,350
2040-2044 745,000 195,800 940,800
2045-2047 520,000 42,200 562,200
Total $ 2,870,000 $ 1,450,375 $ 4,320,375
NOTE 7 - DEFICIT FUND BALANCES
As of June 30, 2024, the city reported a deficit fund balance of $34,825 in the Heritage Oaks East AD Fund, $39,770 in the Public Meeting Facilities Impact Fees Fund, and $10,994 Bear River Impact Fees Fund. These deficits are expected to be reduced by future revenues and transfers from other funds.

NOTE 8 - RISK MANAGEMENT AND JOINT VENTURES
California Intergovernmental Risk Authority (CIRA)
The City is self-insured for the first $5,000 on each general liability claim. The City has a $5,000 selfinsured retention for workers' compensation liability claims. The insurance coverage in excess of the self-insured amount is provided by the California Intergovernmental Risk Authority (CIRA), a public entity risk pool currently operating as a common risk management and insurance program for 50 California cities, up to a limit of $1,000,000 for general liability and $500,000 for workers' compensation.

The City pays an annual premium to the pool for its excess general liability insurance coverage. The agreement for formation of the CIRA provides that the pool will be self-sustaining through member premiums. Losses that exceed $1,000,000 for general liability are covered via PRISM up to $40,000,000 79 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
and commercial insurance coverage through Safety National and Gray Insurance for excess workers' compensation up to statutory limits. The City is self-insured for the first $250,000; $1,000,000 is provided by the Employment Risk Management Authority (ERMA); and excess coverage up to $50,000,000 is provided by PRISM. In addition, the City purchases crime insurance coverage in the amount of $1,000,000 with a $2,500 deductible. The fidelity coverage is group-purchased through the Authority.

Premiums are paid annually and are not subject to retroactive adjustments. Claims, expenditures and liabilities are reported when it is probable that a loss has occurred and the amount of that loss can be reasonably estimated. These losses include an estimate of claims that have been incurred but not reported.

The City funds all claims payable, including those incurred but not reported, in the yearly deposit it pays to CIRA, except for its self-insured retention.

CIRA publishes its own financial report each year, which can be obtained from https://cira-jpa.org/aboutcira/financials/.

There were no material unpaid and uninsured claims outstanding at the beginning or end of the last two fiscal years. Settlements have not exceeded insurance in the past three fiscal years.

Wheatland Fire Authority
The City of Wheatland and the Plumas Brophy Fire District created a Joint Powers Authority called the Wheatland Fire Authority. Its purpose is to serve the City of Wheatland, whether developed or undeveloped and surrounding unincorporated areas as a joint firefighting organization.

NOTE 9 - COMMITMENTS AND CONTINGENCIES
Litigation
The City is subject to certain matters of litigation that may arise in the normal course of conducting City business. City management believes, based upon consultation with legal counsel, that these cases, in the aggregate, are not expected to result in a material adverse financial impact on the City. Additionally, City management believes that the City's insurance programs are sufficient to cover any potential losses should an unfavorable outcome materialize.

Federal and State Grant Programs
The City participates in federal and state grant programs. These programs are audited by the City's independent accountants if required by and in accordance with the provisions of the Uniform Guidance and applicable State requirements. Expenditures which may be disallowed, if any, by the granting agencies, cannot be determined at this time. The City expects such amounts, if any, to be immaterial.

NOTE 10 - PENSION
The employees of the City accumulate retirement benefits through a defined contribution plan with the MissionSquare Retirement Corporation. The City makes bi-weekly contributions to a 401(a) plan amounting to 6% (General Employees) or 7% (Public Safety Employees) of the employee's base salary. A matching 3% contribution is required from the employee. Employees are 100% vested (employer portion) at five years of service, except for those employees over 50 years old who are fully vested from the month of employment. The plan is administered and held in trust for the exclusive benefit of participants and are not assets of the City. The balance at June 30, 2024 is $1,663,031. The City does not offer other postemployment benefits.
80 Section 4, Item # 4.1
City of Wheatland
Notes to the Basic Financial Statements
June 30, 2024
NOTE 11 - PRIOR PERIOD ADJUSTMENTS – ACCOUNTING CHANGES AND

CORRECTIONS
The following summarizes the prior period adjustments by fund and opinion unit as of June 30, 2024:

Planning Total
General Projects Nonmajor Fund
Fund Balance Adjustments: Fund Fund Funds Balance
Error corrections $ 51,604 $ 832 -$ $ 52,436
Nonmajor to major fund reclassifications - (23,487) 23,487 - Reclassifications to proprietary funds - - (135,752) (135,752) Net prior period adjustments to fund balance 51,604 $ $ (22,655) $ (112,265) $ (83,316) Total
Governmental Business-type Net
Net Position Adjustments: Activities Activities Position Fund Balance Adjustments $ (83,316) -$ (83,316) $
Capital asset corrections (407,011) - (407,011)
Reclassifications from governmental funds - 135,752 135,752 Reclassification of note payable 2,157,670 (2,157,670) - Error corrections - (115,468) (115,468)
Net prior period adjustments to net position $ 1,667,343 $ (2,137,386) $ (470,043) 81 Section 4, Item # 4.1
Page Intentionally Left Blank
82 Section 4, Item # 4.1

REQUIRED SUPPLEMENTARY

INFORMATION
83 Section 4, Item # 4.1
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84 Section 4, Item # 4.1
City of Wheatland
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (GAAP Basis)
General Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Taxes and assessments $ 2,283,275 2,078,275 $ 2,370,734 $ 87,459 $ Licenses and permits 40,915 19,915 72,417 31,502
Fines and forfeitures 5,000 5,000 6,821 1,821
Charges for services 94,426 94,426 106,714 12,288
Intergovernmental 149,100 111,100 17,226 (131,874)
Use of money and property 129,100 94,100 150,872 21,772 Other revenue 3,500 3,500 59,567 56,067
Total Revenues 2,705,316 2,406,316 2,784,351 79,035

EXPENDITURES
Current:

General government 435,186 254,956 429,954 5,232
Public safety 1,587,790 1,616,209 1,677,320 (89,530)
Public works 106,150 106,150 60,700 45,450
Community development 194,791 216,446 208,527 (13,736)
Parks and recreation 99,644 98,044 107,790 (8,146)
Total Expenditures 2,423,561 2,291,805 2,484,291 (60,730) Excess (Deficiency) of Revenues over Expenditures 114,511 281,755 300,060 18,305

OTHER FINANCING SOURCES (USES)
Transfers in 170,000 170,000 170,000 -
Transfers out (96,660) (96,660) (97,238) (578)
Total Other Financing Sources (Uses) 73,340 73,340 72,762 (578) Net Change in Fund Balance 355,095 187,851 372,822 17,727 Fund Balance Beginning 2,364,738 2,364,738 - 2,364,738
Prior Period Adjsutments 51,604 51,604 - 51,604
Fund Balance Beginning, as Adjusted 2,416,342 2,416,342 2,416,342 - Fund Balance Ending 2,604,193 $ 2,771,437 $ 2,789,164 $ 17,727 $ The annual budget adopted by the City Council provides for the general operation of the City. It includes proposed expenditures and the means of financing them.

Budgets for the General and Special Revenue Funds are adopted on a basis substantially consistent with the accounting principles generally accepted in the United States of America (US GAAP). Accordingly, actual revenues and expenditures can be compared with the related budgeted amounts without any significant reconciling items.

Additional information concerning the General Budget policies is explained more thoroughly in Note 1 of the Notes to the Basic Financial Statements. Expenditures in excess of appropriations were covered by budgets in other objects/functions or beginning fund balance.
85 Section 4, Item # 4.1
City of Wheatland
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (GAAP Basis)
Pool Operations Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Use of money and property $ 20,000 20,000 $ 43,043 $ 23,043 $ Total Revenues 20,000 20,000 43,043 23,043
Net Change in Fund Balance 20,000 20,000 43,043 23,043
Fund Balance Beginning 1,049,935 1,049,935 - 1,049,935
Fund Balance Ending $ 1,069,935 $ 1,069,935 $ 1,092,978 $ 23,043 The annual budget adopted by the City Council provides for the general operation of the City. It includes proposed expenditures and the means of financing them.

Budgets for the General and Special Revenue Funds are adopted on a basis substantially consistent with the accounting principles generally accepted in the United States of America (US GAAP). Accordingly, actual revenues and expenditures can be compared with the related budgeted amounts without any significant reconciling items.

Additional information concerning the General Budget policies is explained more thoroughly in Note 1 of the Notes to the Basic Financial Statements. Expenditures in excess of appropriations were covered by budgets in other objects/functions or beginning fund balance.
86 Section 4, Item # 4.1
City of Wheatland
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (GAAP Basis)
Development Impact Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Charges for services $ - - $ 791,256 $ 791,256 $
Use of money and property - - 64,103 64,103
Total Revenues - - 855,359 855,359
Net Change in Fund Balance - - 855,359 855,359
Fund Balance Beginning 1,168,120 1,168,120 - 1,168,120
Fund Balance Ending $ 1,168,120 $ 1,168,120 $ 2,023,479 $ 855,359 The annual budget adopted by the City Council provides for the general operation of the City. It includes proposed expenditures and the means of financing them.

Budgets for the General and Special Revenue Funds are adopted on a basis substantially consistent with the accounting principles generally accepted in the United States of America (US GAAP). Accordingly, actual revenues and expenditures can be compared with the related budgeted amounts without any significant reconciling items.

Additional information concerning the General Budget policies is explained more thoroughly in Note 1 of the Notes to the Basic Financial Statements. Expenditures in excess of appropriations were covered by budgets in other objects/functions or beginning fund balance.
87 Section 4, Item # 4.1
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88 Section 4, Item # 4.1

SUPPLEMENTARY INFORMATION
89 Section 4, Item # 4.1
City of Wheatland
Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual (GAAP Basis)
Planning Projects Fund
For the Year Ended June 30, 2024
Variance with
Budgeted Amounts Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Charges for services $ 686,046 439,546 $ 498,079 $ (187,967) $ Intergovernmental 459,519 681,344 133,321 (326,198)
Other revenue 464,200 464,200 67,950 (396,250)
Total Revenues 1,585,165 1,609,840 699,480 (910,360)

EXPENDITURES
Current:

Public works 210,000 210,000 - 210,000
Capital outlay 1,357,766 1,387,766 975,489 412,277
Total Expenditures 1,567,766 1,597,766 1,016,222 581,544 Excess (Deficiency) of Revenues over Expenditures 17,399 12,074 (316,742) (328,816)

OTHER FINANCING SOURCES (USES)
Transfers in - - 422,700 422,700
Transfers out - - - -
Total Other Financing Sources (Uses) - - 422,700 422,700 Net Change in Fund Balance 12,074 17,399 105,958 93,884 Fund Balance Beginning 832 832 - 832
Nomajor to Major Fund Reclassification (23,487) (23,487) - (23,487) Fund Balance Beginning, as Adjusted (22,655) (22,655) (22,655) - Fund Balance Ending (5,256) $ (10,581) $ 83,303 $ 93,884 $ 90 Section 4, Item # 4.1

NONMAJOR GOVERNMENTAL FUNDS
Special Revenue Funds
Gas Tax Fund
This fund accounts for the City's share of gas tax monies received from the State and expenses related to maintaining the City's road system.

SB1 Fund
This fund accounts for the City's share of SB1 monies received from the State and expenses related to maintaining the City's road system.

Transportation Development Fund
This fund accounts for sales tax monies allocated to the City through the Sacramento Area Council of Governments and expenses related to transit operations and local street, roadway, bicycle, and pedestrian projects.

CDBG 1989 Loan Fund
This fund accounts for loans issued to low-income Wheatland homeowners for home repairs.

CDBG 1990 Loan Fund
This fund accounts for loans issued to low-income Wheatland homeowners for home repair.

Economic Development Fund
This fund accounts for revenues and expenses associated with the creation and enhancement of job growth and the promotion of business development and stability.

Bear River Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of Levee upgrades and maintenance that were necessary to mitigate the effects of new development projects.

Regional Bypass Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of providing public infrastructure, improvements and facilities that are necessary to mitigate the effects of new development projects. This fee has been replaced with a County fee accounted for by the Sutter Yuba Transportation Improvement Authority.

General Plan Update Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of general plan updates that are necessary to mitigate the effects of new development projects.

Storm Drainage Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of constructing additional storm drainage that are necessary to mitigate the effects of new development projects.

Road Circulation Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs road circulation improvements that are necessary to mitigate the effects of new development projects.

City Hall Facilities Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of City Hall facility upgrades and maintenance that are necessary to mitigate the effects of new development projects.

Vehicle and Equipment Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of providing for additional vehicles and equipment that are necessary to mitigate the effects of new development projects. 91 Section 4, Item # 4.1

NONMAJOR GOVERNMENTAL FUNDS
Public Works Facilities Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of providing additional public works facilities that are necessary to mitigate the effects of new development projects.

Law Enforcement Facilities Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of providing additional law enforcement facilities that are necessary to mitigate the effects of new development projects.

Fire Department Facilities Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of providing additional fire facilities that are necessary to mitigate the effects of new development projects.

Parkland Facilities Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of providing additional park facilities that are necessary to mitigate the effects of new development projects.

Public Meeting Facilities Impact Fees Fund
This fund accounts for fees imposed on new development to offset the costs of providing additional public meeting facilities that are necessary to mitigate the effects of new development projects.

SLES Fund
This fund accounts for revenues and expenditure associated with Supplemental Law Enforcement Services funding from the State of California which provides for local law enforcement services.

Pumpkin Patch Joint Admissions Fund
This fund accounts for Admission Fee revenues received from an annual agricultural entertainment event and expenses for enhanced safety, signage and traffic control required during the event.

Wheatland Community Gardens Fund
This fund accounts for annual revenue from leased garden plots and expenses associated with providing operational oversight.

Ryantown LLD Fund
This fund accounts for revenues received from benefitted parcels within a specific District and expenses related to the cost of maintaining streetlights and common area improvements.

Park Place LLD Fund
This fund accounts for revenues received from benefitted parcels within a specific District and expenses related to the cost of maintaining streetlights and common area improvements.

Wheatland Public Services CFD 2015-1 Fund
This fund accounts for assessment revenue received from benefitted properties within a specific District and expenses related to the cost of providing public services and maintenance, operations, and replacement of public infrastructure within the District.

Heritage Oaks East CFD 2015-2 Fund
This fund accounts for assessment revenue received from benefitted properties within a specific District and expenses related to the cost of providing public services and maintenance, operations, and replacement of public infrastructure within the District.

Agricultural Production Standards Fund
This fund accounts for revenue and expenses associated with a funding agreement with the Bear River Walnut Ranch to create zoning protections and citywide standards for agricultural production operations. 92 Section 4, Item # 4.1

NONMAJOR GOVERNMENTAL FUNDS
Tobacco Grant Fund
This fund accounts for revenues and expenses associated with grant funding received from the California Department of Justice for efforts to reduce early onset of youth using alcohol, tobacco, and other drugs.

COVID-19 Fund
This fund accounts for revenues and expenses associated with grant funding received under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to assist with expenses incurred due to the public health emergency and response to COVID-19.

SB2 Fund
This fund accounts for revenue and expenses associated with updates to the City's AB1600 reporting and the Housing Element.

First Street Senior Housing Fund
This fund accounts for revenue and expenses associated with planning and administration of a new senior housing project.

Prop 68 Grant Fund
This fund accounts for grant revenue and expenses associated with preparing a grant application to the State Department of Parks and Recreation.
6th Cycle Housing Fund
This fund accounts for revenue and expenses associated with the 6th cycle (2021-2029) Housing Element update.

Capital Projects Funds
General Plan Update Fund
This fund accounts for revenue and expenses associated with updating the City’s General Plan.

Corporation Yard Sinkhole Fund
This fund accounts for revenue and expenses associated with repair of the sinkhole at the City's corporation yard.
93 Section 4, Item # 4.1
City of Wheatland
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024

Transportation CDBG CDBG
Gas Tax SB1 Development 1989 Loan 1990 Loan
Fund Fund Fund Fund Fund
ASSETS
Cash and investments $ 254,444 93,326 $ 74,638 $ - $ 2,989 $ Accounts receivable 23,514 17,140 11,641 - -
Notes receivable - - - 61,948 77,436
Total assets $ 271,584 116,840 $ 86,279 $ 61,948 $ 80,425 $

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable $ - 8,497 $ 11,641 $ - $ - $
Accrued liabilities 1,869 - - - -
Deposits - - - - -
Due to other funds - - - - -
Total liabilities - 10,366 11,641 - -
Fund Balances:

Restricted:

Housing - - - 61,948 80,425
Public safety - - - - -
Public works 106,474 271,584 74,638 - -
Community development - - - - -
Parks and recreation - - - - -
Capital projects - - - - -
Unassigned - - - - -
Total fund balances 271,584 106,474 74,638 61,948 80,425 Total liabilities and fund balances $ 271,584 116,840 $ 86,279 $ 61,948 $ 80,425 $ Continued
Special Revenue Funds
94 Section 4, Item # 4.1
City of Wheatland
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
ASSETS
Cash and investments
Accounts receivable
Notes receivable
Total assets

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable
Accrued liabilities
Deposits
Due to other funds
Total liabilities
Fund Balances:

Restricted:

Housing
Public safety
Public works
Community development
Parks and recreation
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances

Regional General Storm Road
Economic Bear River Bypass Plan Update Drainage Circulation Development Impact Fees Impact Fees Impact Fees Impact Fees Impact Fees Fund Fund Fund Fund Fund Fund
$ - 24,686 $ 19,827 $ 35,884 251,040 $ 642,557 $
- - - - - -
- - - - - -
$ - 24,686 $ 19,827 $ 35,884 $ 251,040 $ 642,557 $
$ - 3,277 $ - $ - $ - $ - $
- - - - - -
- - - - - -
10,994 - - - - -
10,994 3,277 - - - -
- - - - - -
- - - - - -
- - - - - -
- 21,409 19,827 35,884 251,040 642,557
- - - - - -
- - - - - -
(10,994) - - - - -
(10,994) 21,409 19,827 35,884 251,040 642,557
$ - 24,686 $ 19,827 $ 35,884 $ 251,040 $ 642,557 $
Continued
Special Revenue Funds
95 Section 4, Item # 4.1
City of Wheatland
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
ASSETS
Cash and investments
Accounts receivable
Notes receivable
Total assets

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable
Accrued liabilities
Deposits
Due to other funds
Total liabilities
Fund Balances:

Restricted:

Housing
Public safety
Public works
Community development
Parks and recreation
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Law Fire
City Hall Vehicle and Public Works Enforcement Department Facilities Equipment Facilities Facilities Facilities
Impact Fees Impact Fees Impact Fees Impact Fees Impact Fees Fund Fund Fund Fund Fund
$ 8,970 238,777 $ 41,838 $ 63,392 $ 19,832 $
- - - - -
- - - - -
$ 8,970 238,777 $ 41,838 $ 63,392 $ 19,832 $
$ - - $ - $ - $ - $
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - 63,392 19,832
- - 41,838 - -
8,970 238,777 - - -
- - - - -
- - - - -
- - - - -
8,970 238,777 41,838 63,392 19,832
$ 8,970 238,777 $ 41,838 $ 63,392 $ 19,832 $
Continued
Special Revenue Funds
96 Section 4, Item # 4.1
City of Wheatland
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
ASSETS
Cash and investments
Accounts receivable
Notes receivable
Total assets

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable
Accrued liabilities
Deposits
Due to other funds
Total liabilities
Fund Balances:

Restricted:

Housing
Public safety
Public works
Community development
Parks and recreation
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Public
Parkland Meeting Pumpkin Wheatland
Facilities Facilities Patch Joint Community
Impact Fees Impact Fees SLES Admissions Gardens
Fund Fund Fund Fund Fund
$ - 420,060 $ 40,429 $ 53,918 $ 19,994 $
- - - - -
- - - - -
$ - 420,060 $ 40,429 $ 53,918 $ 19,994 $
$ - - $ - $ - $ - $
- - - - -
- - - - 400
39,770 - - - -
39,770 - - - 400
- - - - -
- - 40,429 - -
- - - - -
- - - - -
- 420,060 - 53,918 19,594
- - - - -
(39,770) - - - -
(39,770) 420,060 40,429 53,918 19,594
$ - 420,060 $ 40,429 $ 53,918 $ 19,994 $
Continued
Special Revenue Funds
97 Section 4, Item # 4.1
City of Wheatland
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
ASSETS
Cash and investments
Accounts receivable
Notes receivable
Total assets

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable
Accrued liabilities
Deposits
Due to other funds
Total liabilities
Fund Balances:

Restricted:

Housing
Public safety
Public works
Community development
Parks and recreation
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
Wheatland Heritage Agricultural
Ryantown Park Place Public Services Oaks East Production LLD LLD CFD 2015-1 CFD 2015-2 Standards
Fund Fund Fund Fund Fund
$ 27,708 50,957 $ 166,839 $ - $ 13,000 $
- - - - -
- - - - -
$ 27,708 50,957 $ 166,839 $ - $ 13,000 $
$ 1,323 1,074 $ 511 $ - $ - $
1,111 1,111 1,699 - -
- - - - 13,000
- - - 34,825 -
2,434 2,185 2,210 34,825 13,000
- - - - -
- - - - -
- - - - -
25,274 48,772 164,629 - -
- - - - -
- - - - -
- - - (34,825) -
25,274 48,772 164,629 (34,825) -
$ 27,708 50,957 $ 166,839 $ - $ 13,000 $
Continued
Special Revenue Funds
98 Section 4, Item # 4.1
City of Wheatland
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
ASSETS
Cash and investments
Accounts receivable
Notes receivable
Total assets

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable
Accrued liabilities
Deposits
Due to other funds
Total liabilities
Fund Balances:

Restricted:

Housing
Public safety
Public works
Community development
Parks and recreation
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
First Street
Tobacco Senior Prop 68 6th Cycle
Grant COVID-19 SB2 Housing Grant Housing
Fund Fund Fund Fund Fund Fund
$ 149,564 - $ - $ - $ - $ - $
- - - 11,599 - -
- - - - - -
$ 149,564 - $ - $ 11,599 $ - $ - $
$ 21,232 - $ - $ 3,572 $ - $ - $
- - - - - -
- - - - - -
- - - 8,027 - -
21,232 - - 11,599 - -
- - - - - -
- - - - - -
- - - - - -
128,332 - - - - -
- - - - - -
- - - - - -
- - - - - -
128,332 - - - - -
$ 149,564 - $ - $ 11,599 $ - $ - $
Continued
Special Revenue Funds
99 Section 4, Item # 4.1
City of Wheatland
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2024
ASSETS
Cash and investments
Accounts receivable
Notes receivable
Total assets

LIABILITIES AND FUND BALANCES
Liabilities:

Accounts payable
Accrued liabilities
Deposits
Due to other funds
Total liabilities
Fund Balances:

Restricted:

Housing
Public safety
Public works
Community development
Parks and recreation
Capital projects
Unassigned
Total fund balances
Total liabilities and fund balances
General Corporation Total
Plan Yard Nonmajor
Update Sinkhole Governmental
Fund Fund Funds
$ - 273,208 $ 2,987,877 $
100,000 7,367 171,261
- - 139,384
$ 7,367 373,208 $ $ 3,298,522
$ 1,300 14,621 $ 67,048 $
- - 5,790
- - 13,400
6,067 99,683 -
7,367 14,621 185,921
- - 142,373
- - 123,653
- - 494,534
- - 1,585,471
- - 493,572
- 358,587 358,587
- - (85,589)
- 358,587 3,112,601
$ 7,367 373,208 $ 3,298,522 $
Concluded
Capital Projects Funds
100
Section 4, Item # 4.1
City of Wheatland
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

Transportation CDBG CDBG
Gas Tax SB1 Development 1989 Loan 1990 Loan
Fund Fund Fund Fund Fund

REVENUES
Taxes and assessments $ 98,347 106,597 $ - $ - $ - $
Charges for services - - - - -
Intergovernmental - 14,366 261,950 - -
Use of money and property 10,510 2,151 2,377 - 110
Other revenue - - - 44,285 -
Total Revenues 108,857 123,114 308,612 - 110

EXPENDITURES
Current:

Public works 1,000 157,905 44,285 - -
Community development - - - - -
Parks and recreation - - - - -
Capital outlay - - - - -
Total Expenditures 1,000 157,905 44,285 - -
Excess (Deficiency) of Revenues over Expenditures 107,857 (34,791) 264,327 - 110

OTHER FINANCING SOURCES (USES)
Transfers in 65,431 - - - -
Transfers out - (80,000) (262,700) - -
Total Other Financing Sources (Uses) (80,000) 65,431 (262,700) - - Net Change in Fund Balances 30,640 27,857 1,627 - 110
Fund Balances Beginning 75,834 243,727 73,011 61,948 80,315 Prior Period Fund Reclassifications - - - - -
Fund Balances Beginning, as Adjusted 75,834 243,727 73,011 61,948 80,315 Fund Balances Ending $ 271,584 106,474 $ 74,638 $ 61,948 $ 80,425 $ Continued
Special Revenue Funds
101
Section 4, Item # 4.1
City of Wheatland
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Prior Period Fund Reclassifications
Fund Balances Beginning, as Adjusted
Fund Balances Ending

Regional General Storm Road
Economic Bear River Bypass Plan Update Drainage Circulation Development Impact Fees Impact Fees Impact Fees Impact Fees Impact Fees Fund Fund Fund Fund Fund Fund
$ - 29,248 $ - $ - $ - $ - $
33,684 - - - 170,369 343,416
- - - - - -
(680) - 730 12,995 8,137 21,255
12,000 - - - - -
33,004 41,248 730 12,995 178,506 364,671
- - - - - -
- 43,238 - - - -
- - - - - -
- - - - - -
- 43,238 - - - -
33,004 (1,990) 730 12,995 178,506 364,671
- - - - - -
- - - (350,000) - -
- - - (350,000) - -
33,004 (1,990) 730 (337,005) 178,506 364,671
(43,998) 23,399 19,097 372,889 72,534 277,886
- - - - - -
(43,998) 23,399 19,097 372,889 72,534 277,886
$ (10,994) 21,409 $ 19,827 $ 35,884 $ 251,040 $ 642,557 $ Continued
Special Revenue Funds
102
Section 4, Item # 4.1
City of Wheatland
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Prior Period Fund Reclassifications
Fund Balances Beginning, as Adjusted
Fund Balances Ending
Law Fire
City Hall Vehicle and Public Works Enforcement Department Facilities Equipment Facilities Facilities Facilities
Impact Fees Impact Fees Impact Fees Impact Fees Impact Fees Fund Fund Fund Fund Fund
$ - - $ - $ - $ - $
8,268 76,571 34,990 54,830 75,783
- - - - -
218 8,522 1,066 1,930 135
- - - - -
8,486 85,093 36,056 56,760 75,918
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
8,486 85,093 36,056 56,760 75,918
- - - - -
- - - - -
- - - - -
8,486 85,093 36,056 56,760 75,918
484 153,684 5,782 6,632 (56,086)
- - - - -
484 153,684 5,782 6,632 (56,086)
$ 8,970 238,777 $ 41,838 $ 63,392 $ 19,832 $
Continued
Special Revenue Funds
103
Section 4, Item # 4.1
City of Wheatland
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Prior Period Fund Reclassifications
Fund Balances Beginning, as Adjusted
Fund Balances Ending
Public
Parkland Meeting Pumpkin Wheatland
Facilities Facilities Patch Joint Community
Impact Fees Impact Fees SLES Admissions Gardens
Fund Fund Fund Fund Fund
$ - - $ - $ - $ - $
150,724 392,833 - 60,279 -
- - 187,628 - -
(2,704) 12,466 4,609 3,458 1,287
- - - - 750
148,020 405,299 192,237 63,737 2,037
- - - - -
- - - - -
- - - 29,802 26,672
- - - - -
- - - 29,802 26,672
148,020 405,299 192,237 33,935 (24,635)
- - - - -
- - (170,000) (80,000) -
- - (170,000) (80,000) -
148,020 405,299 22,237 (46,065) (24,635)
(187,790) 14,761 18,192 99,983 44,229
- - - - -
(187,790) 14,761 18,192 99,983 44,229
$ (39,770) 420,060 $ 40,429 $ 53,918 $ 19,594 $
Continued
Special Revenue Funds
104
Section 4, Item # 4.1
City of Wheatland
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Prior Period Fund Reclassifications
Fund Balances Beginning, as Adjusted
Fund Balances Ending
Wheatland Heritage Comprehensive Agricultural
Ryantown Park Place Public Services Oaks East Drinking Production LLD LLD CFD 2015-1 CFD 2015-2 Water Standards
Fund Fund Fund Fund Fund Fund
$ 46,334 70,932 $ 140,341 $ - $ - $ - $
- - - - - -
- - - - - -
664 576 4,412 (1,292) - -
- - - - - -
46,998 71,508 144,753 (1,292) - -
- - - - - -
67,906 66,296 89,963 - - -
- - - - - -
- - - - - -
67,906 66,296 89,963 - - -
(20,908) 5,212 54,790 (1,292) - -
13,385 17,844 - - - -
- - - - - -
13,385 17,844 - - - -
(7,523) 23,056 54,790 (1,292) - -
32,797 25,716 109,839 (33,533) 137,771 -
- - - - (137,771) -
32,797 25,716 109,839 (33,533) - -
$ 25,274 48,772 $ 164,629 $ (34,825) $ - $ - $
Continued
Special Revenue Funds
105
Section 4, Item # 4.1
City of Wheatland
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Prior Period Fund Reclassifications
Fund Balances Beginning, as Adjusted
Fund Balances Ending
First Street
Tobacco Senior Prop 68 6th Cycle
Grant COVID-19 SB2 Housing Grant Housing
Fund Fund Fund Fund Fund Fund
$ - - $ - $ - $ - $ - $
- - - - - -
- 200 3,106 - - -
- - - - - -
- - - 70,623 - 1,367
- 200 3,106 70,623 - 1,367
- - - - - -
82,598 2,375 11,825 70,623 - 210
- - - - 578 -
- - - - - -
82,598 2,375 11,825 70,623 578 210
(82,598) (2,175) (8,719) - (578) 1,157
- - - - 578 -
- - - - - -
- - - - 578 -
(82,598) (2,175) (8,719) - - 1,157
210,930 2,175 8,719 - - (1,157)
- - - - - -
210,930 2,175 8,719 - - (1,157)
$ 128,332 - $ - $ - $ - $ - $
Continued
Special Revenue Funds
106
Section 4, Item # 4.1
City of Wheatland
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Prior Period Fund Reclassifications
Fund Balances Beginning, as Adjusted
Fund Balances Ending
General Corporation Total
Planning Plan Yard Nonmajor
Projects Update Sinkhole Governmental
Fund Fund Fund Funds
$ - - $ - $ 491,799 $
- - - 1,401,747
- - - 467,250
- - - 92,932
150,000 - 7,367 286,392
150,000 - 7,367 2,740,120
- - - 203,190
- - - 435,034
- - - 57,052
141,413 7,367 148,780 -
141,413 - 7,367 844,056
8,587 - - 1,896,064
350,000 - - 447,238
- - - (942,700)
350,000 - - (495,462)
358,587 - - 1,400,602
- (23,487) - 1,826,283
- 23,487 - (114,284)
- - - 1,711,999
$ 358,587 - $ - $ 3,112,601 $
Concluded
Capital Projects Funds
107
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)

REVENUES
Taxes and assessments 102,000 $ 102,000 $ 106,597 $ 4,597 $ Charges for services - - - -
Intergovernmental - - 14,366 14,366
Use of money and property 100 100 2,151 2,051
Other revenue - - - -
Total Revenues 102,100 102,100 123,114 21,014

EXPENDITURES
Current:

Public works 182,855 182,855 24,950 157,905
Community development - - - -
Parks and recreation - - - -
Capital outlay - - - -
Total Expenditures 182,855 182,855 157,905 24,950
Excess (Deficiency) of Revenues over Expenditures (80,755) (80,755) (34,791) 45,964

OTHER FINANCING SOURCES (USES)
Transfers in 65,431 65,431 - 65,431
Transfers out - - - -
Total Other Financing Sources (Uses) 65,431 65,431 65,431 - Net Change in Fund Balances (15,324) (15,324) 30,640 45,964 Fund Balances Beginning 75,834 75,834 75,834 -
Fund Balances Ending $ 60,510 60,510 $ 106,474 $ 45,964 $ Cont'd
Gas Tax Fund
Budgeted Amounts
108
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ 90,000 90,000 $ 98,347 $ 8,347 $
- - - -
- - - -
3,500 3,500 10,510 7,010
- - - -
93,500 93,500 108,857 15,357
11,000 11,000 10,000 1,000
- - - -
- - - -
- - - -
11,000 11,000 1,000 10,000
82,500 82,500 107,857 25,357
- - - -
(80,000) (80,000) - (80,000)
(80,000) (80,000) (80,000) -
2,500 2,500 27,857 25,357
243,727 243,727 243,727 -
$ 246,227 246,227 $ 271,584 $ 25,357 $
Cont'd
SB1 Fund
Budgeted Amounts
109
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
69,200 69,200 261,950 192,750
100 100 2,377 2,277
- - 44,285 44,285
69,300 69,300 308,612 239,312
- - (44,285) 44,285
- - - -
- - - -
- - - -
- - 44,285 (44,285)
69,300 69,300 264,327 195,027
- - - -
(304,200) (304,200) 41,500 (262,700)
(304,200) (304,200) (262,700) 41,500
(234,900) (234,900) 1,627 236,527
73,011 73,011 73,011 -
$ (161,889) (161,889) $ 74,638 $ 236,527 $
Cont'd
Transportation Development Fund
Budgeted Amounts
110
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
50 50 - (50)
- - - -
50 50 - (50)
- - - -
- - - -
- - - -
- - - -
- - - -
50 50 - (50)
- - - -
- - - -
- - - -
50 50 - (50)
61,948 61,948 61,948 -
$ 61,998 61,998 $ 61,948 $ (50) $
Cont'd
Budgeted Amounts
CDBG 1989 Loan Fund
111
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
- - 110 110
- - - -
- - 110 110
- - - -
- - - -
- - - -
- - - -
- - - -
- - 110 110
- - - -
- - - -
- - - -
- - 110 110
80,315 80,315 80,315 -
$ 80,315 80,315 $ 80,425 $ 110 $
Cont'd
CDBG 1990 Loan Fund
Budgeted Amounts
112
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ 27,500 27,500 $ 29,248 $ 1,748 $
- - - -
12,000 12,000 - (12,000)
- - - -
- - 12,000 12,000
39,500 39,500 41,248 1,748
- - - -
35,500 35,500 (7,738) 43,238
- - - -
- - - -
35,500 35,500 43,238 (7,738)
4,000 4,000 (1,990) (5,990)
- - - -
- - - -
- - - -
4,000 4,000 (1,990) (5,990)
23,399 23,399 23,399 -
$ 27,399 27,399 $ 21,409 $ (5,990) $
Cont'd
Economic Development Fund
Budgeted Amounts
113
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - 33,684 33,684
- - - -
- - (680) (680)
- - - -
- - 33,004 33,004
- - - -
- - - -
- - - -
- - - -
- - - -
- - 33,004 33,004
- - - -
- - - -
- - - -
- - 33,004 33,004
(43,998) (43,998) (43,998) -
$ (43,998) (43,998) $ (10,994) $ 33,004 $
Cont'd
Bear River Impact Fees Fund
Budgeted Amounts
114
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
400 400 730 330
- - - -
400 400 730 330
- - - -
- - - -
- - - -
- - - -
- - - -
400 400 730 330
- - - -
- - - -
- - - -
400 400 730 330
19,097 19,097 19,097 -
$ 19,497 19,497 $ 19,827 $ 330 $
Cont'd
Regional Bypass Impact Fees Fund
Budgeted Amounts
115
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
100,000 100,000 - (100,000)
- 250 - -
250 - 12,995 12,745
- - - -
100,250 100,250 12,995 (87,255)
375,000 375,000 375,000 -
- - - -
- - - -
- - - -
375,000 375,000 - 375,000
(274,750) (274,750) 12,995 287,745
- - - -
- - (350,000) (350,000)
- - (350,000) (350,000)
(274,750) (274,750) (337,005) (62,255)
372,889 372,889 372,889 -
$ 98,139 98,139 $ 35,884 $ (62,255) $
Cont'd
General Plan Update Impact Fees Fund
Budgeted Amounts
116
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
1,500 1,500 170,369 168,869
- - - -
- - 8,137 8,137
- - - -
1,500 1,500 178,506 177,006
- - - -
- - - -
- - - -
- - - -
- - - -
1,500 1,500 178,506 177,006
- - - -
- - - -
- - - -
1,500 1,500 178,506 177,006
72,534 72,534 72,534 -
$ 74,034 74,034 $ 251,040 $ 177,006 $
Cont'd
Storm Drainage Impact Fees Fund
Budgeted Amounts
117
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - 343,416 343,416
- - - -
3,200 3,200 21,255 18,055
- - - -
3,200 3,200 364,671 361,471
- - - -
- - - -
- - - -
- - - -
- - - -
3,200 3,200 364,671 361,471
- - - -
- - - -
- - - -
3,200 3,200 364,671 361,471
277,886 277,886 277,886 -
$ 281,086 281,086 $ 642,557 $ 361,471 $
Cont'd
Road Circulation Impact Fees Fund
Budgeted Amounts
118
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - 76,571 76,571
- - - -
85 85 8,522 8,437
- - - -
85 85 85,093 85,008
- - - -
- - - -
- - - -
- - - -
- - - -
85 85 85,093 85,008
- - - -
- - - -
- - - -
85 85 85,093 85,008
153,684 153,684 153,684 -
$ 153,769 153,769 $ 238,777 $ 85,008 $
Cont'd
City Hall Facilities Impact Fees Fund
Budgeted Amounts
119
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - 8,268 8,268
- - - -
10 10 218 208
- - - -
10 10 8,486 8,476
- - - -
- - - -
- - - -
- - - -
- - - -
10 10 8,486 8,476
- - - -
- - - -
- - - -
10 10 8,486 8,476
484 484 484 -
$ 494 494 $ 8,970 $ 8,476 $
Cont'd
Vehicle and Equipment Impact Fees Fund
Budgeted Amounts
120
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - 34,990 34,990
- - - -
120 120 1,066 946
- - - -
120 120 36,056 35,936
- - - -
- - - -
- - - -
- - - -
- - - -
120 120 36,056 35,936
- - - -
- - - -
- - - -
120 120 36,056 35,936
5,782 5,782 5,782 -
$ 5,902 5,902 $ 41,838 $ 35,936 $
Cont'd
Public Works Facilities Impact Fees Fund
Budgeted Amounts
121
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - 54,830 54,830
- - - -
150 150 1,930 1,780
- - - -
150 150 56,760 56,610
- - - -
- - - -
- - - -
- - - -
- - - -
150 150 56,760 56,610
- - - -
- - - -
- - - -
150 150 56,760 56,610
6,632 6,632 6,632 -
$ 6,782 6,782 $ 63,392 $ 56,610 $
Cont'd
Law Enforcement Facilities Impact Fees Fund
Budgeted Amounts
122
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - 75,783 75,783
- - - -
400 400 135 (265)
- - - -
400 400 75,918 75,518
- - - -
- - - -
- - - -
- - - -
- - - -
400 400 75,918 75,518
- - - -
- - - -
- - - -
400 400 75,918 75,518
(56,086) (56,086) (56,086) -
$ (55,686) (55,686) $ 19,832 $ 75,518 $
Cont'd
Fire Department Facilities Impact Fees Fund
Budgeted Amounts
123
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - 392,833 392,833
- - - -
300 300 12,466 12,166
- - - -
300 300 405,299 404,999
- - - -
- - - -
- - - -
- - - -
- - - -
300 300 405,299 404,999
- - - -
- - - -
- - - -
300 300 405,299 404,999
14,761 14,761 14,761 -
$ 15,061 15,061 $ 420,060 $ 404,999 $
Cont'd
Parkland Facilities Impact Fees Fund
Budgeted Amounts
124
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - 150,724 150,724
- - - -
275 275 (2,704) (2,979)
- - - -
275 275 148,020 147,745
- - - -
- - - -
- - - -
- - - -
- - - -
275 275 148,020 147,745
- - - -
- - - -
- - - -
275 275 148,020 147,745
(187,790) (187,790) (187,790) -
$ (187,515) (187,515) $ (39,770) $ 147,745 $
Cont'd
Public Meeting Facilities Impact Fees Fund
Budgeted Amounts
125
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
160,000 160,000 187,628 27,628
1,000 1,000 4,609 3,609
- - - -
161,000 161,000 192,237 31,237
- - - -
- - - -
- - - -
- - - -
- - - -
161,000 161,000 192,237 31,237
- - - -
(170,000) (170,000) - (170,000)
(170,000) (170,000) (170,000) -
(9,000) (9,000) 22,237 31,237
18,192 18,192 18,192 -
$ 9,192 9,192 $ 40,429 $ 31,237 $
Cont'd
SLES Fund
Budgeted Amounts
126
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
60,201 60,201 60,279 78
- - - -
2,000 2,000 3,458 1,458
- - - -
62,201 62,201 63,737 1,536
- - - -
- - - -
9,785 9,785 (20,017) 29,802
- - - -
9,785 9,785 29,802 (20,017)
52,416 52,416 33,935 (18,481)
- - - -
(80,000) (80,000) - (80,000)
(80,000) (80,000) (80,000) -
(27,584) (27,584) (46,065) (18,481)
99,983 99,983 99,983 -
$ 72,399 72,399 $ 53,918 $ (18,481) $
Cont'd
Pumpkin Patch Joint Admissions Fund
Budgeted Amounts
127
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
800 800 1,287 487
250 250 750 500
1,050 1,050 2,037 987
- - - -
- - - -
30,000 - 3,328 26,672
- - - -
30,000 - 26,672 3,328
(28,950) 1,050 (24,635) 4,315
- - - -
- - - -
- - - -
(28,950) 1,050 (24,635) 4,315
44,229 44,229 44,229 -
$ 15,279 45,279 $ 19,594 $ 4,315 $
Cont'd
Wheatland Community Gardens Fund
Budgeted Amounts
128
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ 71,056 71,056 $ 70,932 $ (124) $
- - - -
- - - -
125 125 576 451
- - - -
71,181 71,181 71,508 327
- - - -
81,193 81,193 14,897 66,296
- - - -
- - - -
81,193 81,193 66,296 14,897
(10,012) (10,012) 5,212 15,224
17,844 17,844 - 17,844
- - - -
17,844 17,844 17,844 -
7,832 7,832 23,056 15,224
25,716 25,716 25,716 -
$ 33,548 33,548 $ 48,772 $ 15,224 $
Cont'd
Budgeted Amounts
Ryantown LLD Fund
129
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ 46,415 46,415 $ 46,334 $ (81) $
- - - -
- - - -
50 50 664 614
- - - -
46,465 46,465 46,998 533
- - - -
64,109 64,109 (3,797) 67,906
- - - -
- - - -
64,109 64,109 67,906 (3,797)
(17,644) (17,644) (20,908) (3,264)
13,385 13,385 - 13,385
- - - -
13,385 13,385 13,385 -
(4,259) (4,259) (7,523) (3,264)
32,797 32,797 32,797 -
$ 28,538 28,538 $ 25,274 $ (3,264) $
Cont'd
Park Place LLD Fund
Budgeted Amounts
130
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ 70,049 70,049 $ 140,341 $ 70,292 $
- - - -
- - - -
1,400 1,400 4,412 3,012
- - - -
71,449 71,449 144,753 73,304
- - - -
80,166 80,166 (9,797) 89,963
- - - -
- - - -
80,166 80,166 89,963 (9,797)
(8,717) (8,717) 54,790 63,507
- - - -
- - - -
- - - -
(8,717) (8,717) 54,790 63,507
109,839 109,839 109,839 -
$ 101,122 101,122 $ 164,629 $ 63,507 $
Cont'd
Wheatland Public Services CFD 2015-1 Fund
Budgeted Amounts
131
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
- - (1,292) (1,292)
- - - -
- - (1,292) (1,292)
- - - -
- - - -
- - - -
- - - -
- - - -
- - (1,292) (1,292)
- - - -
- - - -
- - - -
- - (1,292) (1,292)
(33,533) (33,533) (33,533) -
$ (33,533) (33,533) $ (34,825) $ (1,292) $
Cont'd
Heritage Oaks East CFD 2015-2 Fund
Budgeted Amounts
132
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - 200 200
- - - -
- - - -
- - 200 200
- - - -
1,435 1,435 (940) 2,375
- - - -
- - - -
1,435 1,435 2,375 (940)
(1,435) (1,435) (2,175) (740)
- - - -
- - - -
- - - -
(1,435) (1,435) (2,175) (740)
2,175 2,175 2,175 -
$ 740 740 $ - $ (740) $
Cont'd
Tobacco Grant Fund
Budgeted Amounts
133
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - (82,598) 82,598
- - - -
- - - -
- - 82,598 (82,598)
- - (82,598) (82,598)
- - - -
- - - -
- - - -
- - (82,598) (82,598)
210,930 210,930 210,930 -
$ 210,930 210,930 $ 128,332 $ (82,598) $
Cont'd
COVID-19 Fund
Budgeted Amounts
134
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
11,282 11,282 3,106 (8,176)
- - - -
- - - -
11,282 11,282 3,106 (8,176)
- - - -
20,000 20,000 8,175 11,825
- - - -
- - - -
20,000 20,000 11,825 8,175
(8,718) (8,718) (8,719) (1)
- - - -
- - - -
- - - -
(8,718) (8,718) (8,719) (1)
8,719 8,719 8,719 -
$ 1 1 $ - $ (1) $
Cont'd
SB2 Fund
Budgeted Amounts
135
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
- - - -
85,000 85,000 70,623 (14,377)
85,000 85,000 70,623 (14,377)
- - - -
85,000 85,000 14,377 70,623
- - - -
- - - -
85,000 85,000 70,623 14,377
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
$ - - $ - $ - $
Cont'd
First Street Senior Housing Fund
Budgeted Amounts
136
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - (578) 578
- - - -
- - 578 (578)
- - (578) (578)
- - 578 578
- - - -
- - 578 578
- - - -
- - - -
$ - - $ - $ - $
Cont'd
Budgeted Amounts
Prop 68 Grant Fund
137
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
- - - -
- - 1,367 1,367
- - 1,367 1,367
- - - -
- - (210) 210
- - - -
- - - -
- - 210 (210)
- - 1,157 1,157
- - - -
- - - -
- - - -
- - 1,157 1,157
(1,157) (1,157) (1,157) -
$ (1,157) (1,157) $ - $ 1,157 $
Cont'd
6th Cycle Housing Fund
Budgeted Amounts
138
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
- - - -
- - 150,000 150,000
- - 150,000 150,000
- - - -
- - - -
- - - -
- - (141,413) 141,413
- - 141,413 (141,413)
- - 8,587 8,587
- - 350,000 350,000
- - - -
- - 350,000 350,000
- - 358,587 358,587
- - - -
$ - - $ 358,587 $ 358,587 $
Cont'd
General Plan Update Fund
Budgeted Amounts
139
Section 4, Item # 4.1
City of Wheatland
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances
Budget and Actual (GAAP Basis)
Nonmajor Governmental Funds
For the Year Ended June 30, 2024

REVENUES
Taxes and assessments
Charges for services
Intergovernmental
Use of money and property
Other revenue
Total Revenues

EXPENDITURES
Current:

Public works
Community development
Parks and recreation
Capital outlay
Total Expenditures
Excess (Deficiency) of Revenues over Expenditures

OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
Net Change in Fund Balances
Fund Balances Beginning
Fund Balances Ending
Variance with
Final Budget
Actual Positive
Original Final Amounts (Negative)
$ - - $ - $ - $
- - - -
- - - -
- - - -
- - 7,367 7,367
- - 7,367 7,367
- - - -
- - - -
- - - -
- - (7,367) 7,367
- - 7,367 (7,367)
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
$ - - $ - $ - $
Concluded
Corporation Yard Sinkhole Fund
Budgeted Amounts
140
Section 4, Item # 4.1

STATISTICAL SECTION
141
Section 4, Item # 4.1
Page Intentionally Left Blank
142
Section 4, Item # 4.1
City of Wheatland
Statistical Section
June 30, 2024
This part of the City's annual financial report presents detailed information in a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City's overall financial health.

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.

Revenue Capacity
These schedules contain information to help the reader assess the factors affecting the City's ability to generate its property and sales taxes.

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.

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 and to help make comparisons over time and with other governments.

Operating Information
These schedules contain information about the City's operations and resources to help the reader understand how the City's financial information relates to the services the City provides and the activities it performs.
143
Section 4, Item # 4.1
Page Intentionally Left Blank
144
Section 4, Item # 4.1
** ***
2017 2018 2019 2020 2021 2022 2023 2024
Governmental activities
Invested in capital assets $ 4,752,455 $ 4,492,713 $ 4,519,235 $ 4,521,906 $ 4,491,606 $ 4,592,299 $ 4,774,013 $ 4,387,439 Restricted - 1,031,832 1,029,493 2,117,925 2,240,094 3,311,363 4,390,389 6,314,647 Unrestricted 1,818,667 1,261,130 1,775,783 1,688,554 1,239,706 1,918,233 1,409,525 2,654,880 Total governmental activities net
position $ 6,571,122 $ 6,785,675 $ 7,324,511 $ 8,328,385 $ 7,971,406 $ 9,821,895 $ 10,573,927 $ 13,356,966 Business-type activities ****
Invested in capital assets $ 1,000,358 $ 800,875 $ 435,093 $ (119,428) $ (16,926) $ 1,958,291 $ 3,378,876 $ 945,926 Restricted 377,998 377,998 7,653,873 7,351,619 7,348,300 4,390,567 4,867,016 5,138,964 Unrestricted 6,834,367 7,486,950 472,646 1,036,004 (1,727,628) 1,336,754 (115,616) 2,440,141 Total business-type activities net
position $ 8,212,723 $ 8,665,823 $ 8,561,612 $ 8,268,195 $ 5,603,746 $ 7,685,612 $ 8,130,276 $ 8,525,031 Primary government
Invested in capital assets $ 5,752,813 $ 5,293,588 $ 4,954,328 $ 4,402,478 $ 4,474,680 $ 6,550,590 $ 8,152,889 $ 5,333,365 Restricted 377,998 1,409,830 8,683,366 9,469,544 9,588,394 7,701,930 9,257,405 11,453,611 Unrestricted 8,653,034 8,748,080 2,248,429 2,724,558 (487,922) 3,254,987 1,293,909 5,095,021 Total primary government net
position $ 14,783,845 $ 15,451,498 $ 15,886,123 $ 16,596,580 $ 13,575,152 $ 17,507,507 $ 18,704,203 $ 21,881,997 * The City of Wheatland prepared its first ACFR for the fiscal year ended June 30, 2017 ** FY2022 $657,672 was reclassified from unrestricted net position in governmental activities to business-type activities to correctly classify notes payable. *** FY2023 unrestricted net position in governmental activities was increased by $1,667,343. See Note 11 to the basic financial statements. **** FY2023 unrestricted net position in business-type activities was decreased by $2,137,386. See Note 11 to the basic financial statements.

City of Wheatland
Net Position By Component
Nine Fiscal Years*
Fiscal year ended June 30, 2024
(Accrual basis of accounting)
Source: City of Wheatland Audited Financial Reports
145
Section 4, Item # 4.1
Expenses 2017 2018 2019 2020 2021 2022 2023 2024
Governmental activities:

General government $ 634,638 $ 569,454 $ 518,787 $ 588,399 $ 584,842 $ 530,193 $ 572,635 $ 575,481 Public safety 1,277,664 1,259,788 1,429,319 1,492,216 1,645,037 1,673,594 1,780,545 2,250,667 Public works 356,079 422,919 607,519 669,162 984,472 2,332,804 2,107,604 375,198 Parks and recreation 69,777 50,744 100,774 208,884 134,276 91,312 335,660 882,227 Community development 235,532 335,771 312,805 243,952 309,393 739,514 1,008,912 255,741 Interest expense 3,744 3,269 2,768 2,240 2,123 1,099 483 - Total Governmental Activities $ 2,577,434 $ 2,641,945 $ 2,971,972 $ 3,204,853 $ 3,660,143 $ 5,368,516 $ 5,805,839 $ 4,339,314 Business-type activities:

Water $ 832,077 $ 867,301 $ 931,768 $ 1,065,455 $ 982,558 $ 1,060,831 $ 1,103,152 $ 1,194,983 Wastewater 1,001,324 1,155,617 1,194,741 1,364,264 1,183,332 1,217,841 1,231,407 1,337,369 Total Business-Type Activities $ 1,833,401 $ 2,022,918 $ 2,126,509 $ 2,429,719 $ 2,165,890 $ 2,278,672 $ 2,334,559 $ 2,532,352 Total Expenses $ 4,410,835 $ 4,664,863 $ 5,098,481 $ 5,634,572 $ 5,826,033 $ 7,647,188 $ 8,140,398 $ 6,871,666 Program Revenues
Governmental activities:

Charges for services:

General government $ 168,151 $ 344,530 $ 362,637 $ 337,467 $ 440,074 $ 812,148 $ 900,698 $ 740,125 Public safety 39,076 8,529 - 2,850 2,850 - 6,503 7,766
Public works - 34,852 - - - - - -
Parks and recreation 42,533 26,553 31,492 30,594 30,594 46,022 57,334 61,429 Community development 12,810 812 - - - 288,755 741,240 2,132,724 Operating grants and contributions 130,309 440,274 366,711 208,205 252,684 780,006 874,661 408,283 Capital grants and contributions 701,280 - 251,762 344,733 329,844 1,728,255 - 261,950 Total Government Activities $ 1,094,159 $ 855,550 $ 1,012,602 $ 923,849 $ 1,056,046 $ 3,655,186 $ 2,580,436 $ 3,612,277 Business-type activities:

Charges for services:

Water $ 803,989 $ 877,371 $ 894,618 $ 1,033,129 $ 1,108,974 $ 1,129,149 $ 1,201,418 $ 1,285,325 Sewer 876,250 909,198 915,749 977,536 1,003,819 1,026,612 1,084,916 1,157,976 Operating contributions and grants - 11,406 25,735 37,378 469,568 2,834,588 290,125 85,000 Capital grants and contributions - - - 33,632 - - 1,448,417 - Total Business-Type Activities $ 1,680,239 $ 1,797,975 $ 1,836,102 $ 2,081,675 $ 2,582,361 $ 4,990,349 $ 4,024,876 $ 2,528,301 Total Program Revenues $ 2,774,398 $ 2,653,525 $ 2,848,704 $ 3,005,524 $ 3,638,407 $ 8,645,535 $ 6,605,312 $ 6,140,578 City of Wheatland
Changes in Net Position
Nine Fiscal Years*
Fiscal year ended June 30, 2024
(Accrual basis of accounting)
Source: City of Whealtland Audited Financial Statements 146
Section 4, Item # 4.1
City of Wheatland
Changes in Net Position
Nine Fiscal Years*
Fiscal year ended June 30, 2024
(Accrual basis of accounting)
Continued from previous page
2017 2018 2019 2020 2021 2022 2023 2024
Net (Expense)/Revenue
Governmental activities $ (1,483,275) $ (1,786,395) $ (1,959,370) $ (2,281,004) $ (2,604,097) $ (1,713,330) $ (3,225,403) $ (727,037) Business-type activities $ (153,162) $ (224,943) $ (290,407) $ (348,044) $ 416,471 $ 2,711,677 $ 1,690,317 $ (4,051) Total Net Expense $ (1,636,437) $ (2,011,338) $ (2,249,777) $ (2,629,048) $ (2,187,626) $ 998,347 $ (1,535,086) $ (731,088) General Revenues and Other Changes in Net Position
Governmental activities:

Taxes:

Property taxes 659,157 $ 692,486 $ 745,213 $ 787,497 $ 834,108 $ 897,656 $ 928,438 $ 955,263 Sales and use taxes 745,094 809,867 1,131,863 721,665 925,679 994,489 1,083,496 978,477 Franchise taxes 112,910 109,344 115,287 118,257 126,639 142,337 144,424 161,528 Other taxes 93,340 96,427 222,439 273,270 328,708 339,808 548,930 767,265 Other revenues 130,541 76,665 176,816 1,154,016 250,062 448,336 809,376 368,298 Transfers 174,480 - - 107,083 - - (38,320) -
Investment income 59,361 78,758 106,589 123,090 46,730 83,521 149,092 279,245 Total Governmental Activities $ 1,974,883 $ 1,863,547 $ 2,498,207 $ 3,284,878 $ 2,511,926 $ 2,906,147 $ 3,625,436 $ 3,510,076 Business-type activities:

Investment income $ 53,697 $ 98,452 $ 186,196 $ 161,709 $ 48,080 $ 27,861 $ 195,741 $ 376,177 Other revenues - - - - - - - 22,629
Transfers (174,480) - - (107,083) - - 38,320 -
Total Business-Type Activities $ (120,783) $ 98,452 $ 186,196 $ 54,626 $ 48,080 $ 27,861 $ 234,061 $ 398,806 Total Primary Government $ 1,854,100 $ 1,961,999 $ 2,684,403 $ 3,339,504 $ 2,560,006 $ 2,934,008 $ 3,859,497 $ 3,908,882 Changes in Net Position
Governmental Activities $ 491,608 $ 77,152 $ 538,837 $ 1,003,874 $ (92,171) $ 1,192,817 $ 400,033 $ 2,783,039 Business-Type Activities (273,945) (126,491) (104,211) (293,418) 464,551 2,739,538 1,924,378 394,755 Total Change in Net Position $ 217,663 $ (49,339) $ 434,626 $ 710,456 $ 372,380 $ 3,932,355 $ 2,324,411 $ 3,177,794 * The City of Wheatland prepared its first ACFR for the fiscal year ended June 30, 2017 Source: City of Whealtland Audited Financial Statements 147
Section 4, Item # 4.1
**
2017 2018 2019 2020 2021 2022 2023 2024
General Fund:

Nonspendable $ 164,765 $ 171,109 $ 182,876 $ 214,159 $ 182,732 $ 182,732 $ 2,779 $ 3,207 Committed 30,000 - - - - - - -
Unassigned 1,438,203 1,517,874 1,678,454 1,538,346 1,426,063 1,729,295 2,413,563 2,785,957 Total general fund $ 1,632,968 $ 1,688,983 $ 1,861,330 $ 1,752,505 $ 1,608,795 $ 1,912,027 $ 2,416,342 $ 2,789,164 All Other Governmental Funds:

Nonspendable $ 183,532 $ 157,044 $ - $ - $ - $ - $ - $ - Restricted - 874,788 1,029,493 2,117,925 2,240,094 3,311,363 4,252,618 6,314,647 Assigned - 5,977 338,380 328,524 45,365 - - 83,303
Unassigned 319,022 (356,226) (332,291) (326,796) (322,074) (558,731) (345,219) (85,589) Total all other governmental funds $ 502,554 $ 681,583 $ 1,035,582 $ 2,119,653 $ 1,963,385 $ 2,752,632 $ 3,907,399 $ 6,312,361 Total all governmental funds $ 2,135,522 $ 2,370,566 $ 2,896,912 $ 3,872,158 $ 3,572,180 $ 4,664,659 $ 6,323,741 $ 9,101,525 * The City of Wheatland prepared its first ACFR for the fiscal year ended June 30, 2017 ** FY2023 fund balance was adjusted as follows for error corrections and reclassifications: The General Fund was increased by $51,604 and all other governmental funds were decreased by $134,920.

City of Wheatland
Fund Balances, Governmental Funds
Nine Fiscal Years*
Fiscal year ended June 30, 2024
(Modified accrual basis of accounting)
Source: City of Wheatland Audited Financial Statements
148
Section 4, Item # 4.1
2017 2018 2019 2020 2021 2022 2023 2024
Revenues:

Taxes and assessments $ 1,689,215 $ 1,815,546 $ 2,214,802 $ 1,900,689 $ 2,215,134 $ 2,374,290 $ 2,705,288 $ 2,862,533 Licenses, fees and permits 184,517 29,320 25,269 37,145 15,758 29,569 20,837 72,417 Intergovernmental revenues 61,567 332,852 618,473 552,938 582,528 2,508,261 874,661 617,797 Charges for services 11 177,170 135,930 127,120 214,076 839,811 1,382,819 2,797,796 Use of money and property 59,361 78,758 106,589 123,090 116,872 83,521 149,092 351,080 Fines and forfeitures 16,475 10,652 10,620 5,510 8,548 9,624 4,333 6,821 Grant revenue 831,589 - - - - - - -
Miscellaneous 51,827 36,693 140,927 1,111,361 225,756 409,143 784,206 413,909 Total revenues 2,894,562 2,480,991 3,252,610 3,857,853 3,378,672 6,254,219 5,921,236 7,122,353 Expenditures:

General government 423,867 352,788 309,728 392,567 365,613 294,618 309,435 429,954 Public safety 1,076,291 982,606 1,139,602 1,221,788 1,335,597 1,355,172 1,414,752 1,677,320 Community development 224,425 277,873 252,736 188,015 244,452 674,610 932,923 684,294 Public works and engineering 228,580 380,810 564,569 653,137 936,734 2,288,263 2,053,029 263,890 Parks and recreation 69,777 50,744 100,774 208,884 134,276 91,312 335,660 164,842 Capital Improvements 573,184 188,477 346,207 312,653 384,522 445,119 582,069 1,124,269 Debt service:

Principal 8,903 9,378 9,879 10,406 10,962 11,547 12,165 - Interest 3,744 3,269 2,768 2,240 1,686 1,099 483 -
Total expenditures 2,608,771 2,245,945 2,726,263 2,989,690 3,413,842 5,161,740 5,640,516 4,344,569 Excess of revenues over (under) expenditures 285,791 235,046 526,347 868,163 (35,170) 1,092,479 280,720 2,777,784 Other financing sources (uses):

Debt issuances - - - - - - 1,499,998 -
Transfers in 682,314 483,690 895,614 524,402 420,580 5,489 1,229,914 1,039,938 Transfers out (682,314) (483,690) (895,614) (417,319) (420,580) (5,489) (1,268,234) (1,039,938) Total other financing sources (uses) - - - 107,083 - - 1,461,678 - Net change in fund balances $ 285,791 $ 235,046 $ 526,347 $ 975,246 $ (35,170) $ 1,092,479 $ 1,742,398 $ 2,777,784 Debt service percentage of
noncapital expenditures 0.63% 0.62% 0.53% 0.47% 0.42% 0.27% 0.25% 0.00% *The City of Wheatland prepared its first ACFR for the fiscal year ended June 30, 2017 Prior period interfund nonreciprocal overhead charges were reclassified from revenue to expenditures in the following functions:
2017 2018 2019 2020 2021 2022 2023
General government $ 79,900 $ 113,576 $ 123,160 $ 116,288 $ 123,753 $ 146,492 $ 154,049 Public safety $ 76,500 $ 108,742 $ 117,919 $ 111,338 $ 118,486 $ 140,258 $ 147,493 Community development $ 11,107 $ 15,788 $ 17,120 $ 16,165 $ 17,203 $ 20,364 $ 21,414 Total interfund overhead charges $ 167,507 $ 238,106 $ 258,199 $ 243,791 $ 259,442 $ 307,114 $ 322,956 City of Wheatland
Changes in Fund Balances, Governmental Funds
Nine Fiscal Years*
Fiscal year ended June 30, 2024
(Modified accrual basis of accounting)
Source: City of Wheatland Audited Financial Statements
149
Section 4, Item # 4.1
Fiscal Year Taxable Total Direct
Ending June 30 Secured Unsecured Assessed Value % Change Tax Rate 2015 187,241,765 4,582,604 191,824,369 14.80% 0.17159
2016 229,813,378 4,638,696 234,452,074 22.22% 0.13888
2017 238,789,220 4,892,773 243,681,993 3.94% 0.13966
2018 256,022,742 5,103,873 261,126,615 7.16% 0.14028
2019 273,813,300 5,420,310 279,233,610 6.93% 0.14205
2020 288,196,363 5,955,138 294,151,501 5.34% 0.14176
2021 302,349,503 5,919,220 308,268,730 4.80% 0.14169
2022 312,132,353 5,490,030 317,622,383 3.03% 0.14121
2023 339,386,313 7,099,448 346,485,761 9.09% 0.14161
2024 368,472,792 7,456,668 375,929,460 8.50% 0.14331
Note:

In 1978 the voters of the State of California passed Proposition 13 which limited taxes to a total maximum rate of 1%, based upon the assessed value of the property being taxed. Each year, the assessed value of property may be increased by an "inflation factor" (limited to a maximum of 2%). With few exceptions, property is only reassessed as a result of new construction activity or at the time it is sold to a new owner.

At that point, the property is reassessed based upon the added value of the construction or at the purchase price (market value) or economic value 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.

City of Wheatland
Assessed Value and Actual Value of Taxable Property
For the last ten fiscal years
-
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
350,000,000
400,000,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Taxable Assessed Value
Source: Yuba County Assessor 2012/13 - 2023/24 Combined Tax Rolls 150
Section 4, Item # 4.1
City Assessed Valuation: $ 375,929,460
City's
Outstanding Share of
Percent Debt Overlapping
Applicable June 30, 2024 Debt
Overlapping Tax and Assessment Debt:

Yuba Community College 0.883% $ 170,866,106 $ 1,508,748 Wheatland Union High School 15.161% 8,310,000 1,259,879 Western Placer Unified School District 0.007% 103,280,000 7,230 California Statewide Community Development Authority
Assessment District No., 21-03 Series 2022 A 100.000% 1,588,000 1,588,000 California Statewide Community Development Authority
Assessment District No., 21-01 Series 2023 F 100.000% 2,610,000 2,610,000

Total Overlapping Tax and Assessment Debt $ 286,654,106 $ 6,973,856 Direct and Overlapping General Fund Debt:

Yuba County General Fund Obligations 4.366% $ 44,737,500 $ 1,953,239 Sierra Joint Community College District 0.001% 406,000 4 Yuba Joint Community College District 0.883% 9,231,628 81,515 Western Placer Unified School District 0.007% 136,032,598 9,522 Wheatland Union High Schoold District 15.161% 5,321,285 806,760 Total Direct and Overlapping General Fund Debt $ 195,729,011 $ 2,851,041 COMBINED TOTAL DEBT $ 482,383,117 $ 9,824,897
For the outside agency debt obligations referenced above, the City's overlapping debt obligation is based on the proration of the aggregate issuance as directed by each issue's underlying funding agreements. The proration is generally based on the percentage of the overlapping agency's assessed valuation located within boundaries of the City City of Wheatland
Direct and Overlapping Debt
Current Year
Fiscal year ended June 30, 2024
Source: Avenue Insights Analaytics
151
Section 4, Item # 4.1
Rank Value % of Net AV Rank Value % of Net AV
Bear River Walnut Ranch 1 $ 22,217,863 5.91%
AKT Wheatland Ranch 2 9,100,717 2.42%
Overland Trail Johnson Ranch 3 6,303,262 1.68%
Dale Investments 4 3,577,495 0.95% 1 3,616,342 1.89%
Frank Dean and Frances Webb 5 3,371,412 0.90% 4 2,019,857 1.05% Bishops Pumpkin Farm 6 2,930,740 0.78%
Sandra Bishop Trustee 7 2,628,183 0.70%
Lewis Investment Company 8 2,624,481 0.70% 3 2,227,463 1.16% AG EHC II California 9 2,573,256 0.68%
Settlers Vlillage Center 10 2,483,950 0.66% 2 3,492,239 1.82% Paradise Petro 5 1,609,576 0.84%
Raj and Namarta Sharma 6 1,432,590 0.75%
Joyce Boehm Trustee 7 1,146,275 0.60%
Orteza 2014 Trust 8 1,096,094 0.57%
Comcast 9 997,204 0.52%
Wheatland River Associates 10 893,669 0.47%
Top Ten Total $ 57,811,359 15.38% $ 18,531,309 9.67%
City Total $ 375,929,460 $ 191,824,369
City of Wheatland
Top Ten Property Tax Payers
Current Year and Nine Years Ago
FY 2023-24 FY 2014-15
Source: Yuba County Assessor Combined Tax Rolls
152
Section 4, Item # 4.1
Taxes
Fiscal for the
Year Fiscal Year Amount Percent of Levy Amount Percent of Levy 2011-12 $ 491,184 $ 491,184 100.00% $ 491,184 100.00%
2012-13 453,056 453,056 100.00% 453,056 100.00%
2013-14 542,753 542,753 100.00% 542,753 100.00%
2014-15 523,990 523,990 100.00% 523,990 100.00%
2015-16 629,472 629,472 100.00% 629,472 100.00%
2016-17 649,277 649,277 100.00% 649,277 100.00%
2017-18 679,878 679,878 100.00% 679,878 100.00%
2018-19 732,729 732,729 100.00% 732,729 100.00%
2019-20 774,294 774,294 100.00% 774,294 100.00%
2020-21 815,054 815,054 100.00% 815,054 100.00%
2021-22 873,810 873,810 100.00% 873,810 100.00%
2022-23 909,138 909,138 100.00% 909,138 100.00%
2023-24 934,353 934,353 100.00% 934,353 100.00%
Note: Amounts are reported and collected under the Teeter Plan in which all taxes are distributed to the City in the year of the levy with the County retaining any interest or penalties on uncollected balances.

Fiscal Year of the Levy Total Collections to Date
City of Wheatland
Property Tax Levies and Collections
For the last ten fiscal years
Collections within the
Source: City Finance Department
153
Section 4, Item # 4.1
Fiscal Debt Debt % Personal Debt Debt % Personal
Year Outstanding Per Capita Income Outstanding Per Capita Income 2014-15 89,716 26.24 0.03% 67,587 19.77 0.03%
2015-16 82,093 23.33 0.03% 61,570 17.50 0.02%
2016-17 73,241 20.87 0.03% 54,931 15.65 0.02%
2017-18 64,338 15.69 0.02% 48,253 11.77 0.01%
2018-19 54,959 13.40 0.01% 41,219 10.05 0.01%
2019-20 45,081 11.00 0.01% 33,811 8.25 0.01%
2020-21 23,712 6.57 0.00% 17,784 4.93 0.00%
2021-22 12,165 3.32 0.00% 9,124 2.49 0.00%
2022-23 - - 0.00% - - 0.00%
2023-24 - - 0.00% - - 0.00%
Fiscal Debt Debt % Personal Debt Debt % Personal
Year Outstanding Per Capita Income Outstanding Per Capita Income 2014-15 67,587 19.77 0.03% 224,890 65.78 0.08%
2015-16 61,570 17.50 0.02% 205,233 58.32 0.08%
2016-17 54,931 15.65 0.02% 183,103 52.18 0.06%
2017-18 48,253 11.77 0.01% 160,844 39.23 0.05%
2018-19 41,219 10.05 0.01% 137,397 33.51 0.03%
2019-20 33,811 9.29 0.01% 112,703 27.49 0.03%
2020-21 17,784 4.93 0.00% 59,280 14.46 0.01%
2021-22 9,124 2.49 0.00% 30,413 8.30 0.01%
2022-23 - - 0.00% - - 0.00%
2023-24 - - 0.00% - - 0.00%
TOTAL Financed Purchases
Financed Purchases Governmental
City of Wheatland
Financed Purchases Governmental and Business-Like Activities For the last ten fiscal years
Financed Purchases Business-Like Water
Financed Purchases Business-Like Sewer
Ratios of Oustanding Debt by Type
Source: City Finance Department
154
Section 4, Item # 4.1
Fiscal Debt Debt % Personal Debt Debt % Personal Debt Debt % Personal Year Outstanding Per Capita Income Outstanding Per Capita Income Outstanding Per Capita Income 2014-15 1,679,000 477.12 0.64% 966,000 274.51 0.37% 3,622,400 1,029.38 1.38% 2015-16 1,646,000 469.08 0.58% 947,000 269.88 0.34% 3,565,900 1,016.22 1.27% 2016-17 1,611,000 460.68 0.54% 927,000 226.10 0.26% 3,507,100 855.39 0.99% 2017-18 1,575,000 425.33 0.43% 906,000 220.98 0.22% 3,445,900 840.46 0.85% 2018-19 1,537,000 422.14 0.39% 884,000 215.61 0.20% 3,382,100 824.90 0.77% 2019-20 - - - - - -
2020-21 - - - - - -
2021-22
2022-23
2023-24
Fiscal Debt Debt % Personal Debt Debt % Personal Debt Debt % Personal Year Outstanding Per Capita Income Outstanding Per Capita Income Outstanding Per Capita Income 2014-15 - - - - 1,781.02 6,267,400 2.39%
2015-16 - - - - 1,755.17 6,158,900 2.19%
2016-17 - - - - 1,542.17 6,045,100 1.79%
2017-18 - - - - 1,486.77 5,926,900 1.50%
2018-19 - - - - 1,462.65 5,803,100 1.36%
2019-20 3,459,026 886.93 0.80% 2,466,292 677.37 0.61% 1,564.30 5,925,318 1.42% 2020-21 3,375,888 865.61 0.66% 2,416,800 669.47 0.51% 1,535.08 5,792,688 1.16% 2021-22 3,287,750 801.89 0.65% 2,337,308 637.91 0.52% 1,439.80 5,625,058 1.17% 2022-23 3,199,612 780.39 0.65% 2,252,816 591.14 0.49% 1,371.53 5,452,428 1.14% 2023-24 3,106,476 797.96 0.61% 2,168,323 556.98 0.42% 1,354.94 5,274,799 1.03% City of Wheatland
Business-type Activities
For the last ten fiscal years
Wastewater Bonds A Water Bonds B
USDA Water Loan #1 USDA Water Loan #3 USDA Wastewater Loan TOTAL
Ratios of Oustanding Debt by Type
Source: City Finance Department
155
Section 4, Item # 4.1
City Assessed Valuation $ 308,268,730
FY 2019-20 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Basic Levy1

1.00000 1.00000 1.00000 1.00000 1.00000
Western Placer Unified 1993 Series A 0.00000 0.00000 0.00000 0.00000 0.00000 Wheatland Union High School 2012A 0.02803 0.02503 0.02498 0.02820 0.01668 Yuba Community College 0.02874 0.03091 0.03606 0.03218 0.03148 Total Direct and Overlapping2 Tax Rates 1.05677 1.05594 1.06104 1.06038 1.04816 City's Share of 1% Levy Per Prop 133

0.12906 0.12906 0.13052 0.12900 0.12897
Total Direct Rate4

0.14176 0.14169 0.14121 0.14161 0.14331
FY 2014-15 FY 2015-16 FY 2016-17 FY 2017-18 FY 2018-19
Basic Levy1

1.00000 1.00000 1.00000 1.00000 1.00000
Western Placer Unified 1993 Series A 0.02504 0.02469 0.02526 0.02526 0.00000 Wheatland Union High School 2012A 0.02994 0.03000 0.03000 0.03000 0.02987 Yuba Community College 0.02500 0.02494 0.02635 0.02635 0.02994 Total Direct and Overlapping2 Tax Rates 1.07998 1.07963 1.08161 1.08161 1.05981 City's Share of 1% Levy Per Prop 133

0.1297 0.1282 0.12841 0.12841 0.12906
Total Direct Rate4

0.13021 0.13888 0.13966 0.14028 0.14205
Notes:
1 In 1978, California voters passed Proposition 13 which set the property tax rate at 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 any voter approved bonds. 2Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city property owners. 3 City's share of 1.00% levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the City.
4 Total Direct Rate is the weighted average of all individual direct rates applied by the City /Agency preparing the statistical section information and excludes revenues derived from aircraft.

City of Wheatland
Direct and Overlapping Tax Rates
For the last ten fiscal years
Source: Yuba County Assessor 2014-15 to 2023-24 Tax Rate Table 156
Section 4, Item # 4.1
Net Debt
Applicable
Adjusted Net Debt Legal to the Limit
Fiscal Assessed Assessed Debt Limit Applicable Debt as a % of Year Value Secured Value* Percentage Debt Limit to Limit Margin Debt Limit 2014-15 187,093,367 46,773,342 15% 7,016,001 224,890 6,791,111 3.21% 2015-16 229,664,980 57,416,245 15% 8,612,437 205,233 8,407,204 2.38% 2016-17 238,640,822 59,660,206 15% 8,949,031 183,103 8,765,928 2.05% 2017-18 256,022,742 64,005,686 15% 9,600,853 160,844 9,440,009 1.68% 2018-19 273,813,300 68,453,325 15% 10,267,999 137,397 10,130,602 1.34% 2019-20 288,196,363 72,049,091 15% 10,807,364 112,703 10,694,661 1.04% 2020-21 302,349,503 75,587,376 15% 11,338,106 59,280 11,278,826 0.52% 2021-22 312,132,353 78,033,088 15% 11,704,963 30,413 11,674,550 0.26% 2022-23 339,386,313 84,846,578 15% 12,726,987 - 12,726,987 0.00% 2023-24 368,472,792 92,118,198 15% 13,817,730 - 13,817,730 0.00% *The Government Code of the State of California provides for a legal debt limit of 15% of gross assessed valuation. However, this provision was enacted when assessed valuation was based 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). This 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 the legal debt margin was enacted by the State of California for local governments.

City of Wheatland
Legal Debt Margin Information
For the last ten fiscal years
Source: City Finance Department
157
Section 4, Item # 4.1
Personal
Income Unemployment % of Pop % of Pop
City of Per Capita Rate 25+ with 25+ with
Wheatland Personal City of Median High School Bachelor's Year Population (in thousands) Income Wheatland Age Degree Degree 2014 3,419 $ 77,447 $ 22,652 12.1% 33.2 83.6% 15.2%
2015 3,519 $ 74,642 $ 21,211 10.1% 35.9 83.5% 14.5%
2016 3,509 $ 80,286 $ 22,880 9.3% 34.3 84.3% 13.9%
2017 3,497 $ 99,253 $ 28,382 7.5% 37.5 84.7% 14.4%
2018 3,703 $ 107,788 $ 29,108 8.0% 38.6 84.2% 16.1%
2019 3,641 $ 110,299 $ 30,294 6.7% 38.9 85.8% 15.0%
2020 3,610 $ 132,028 $ 36,573 11.6% 41.6 85.5% 18.4%
2021 3,664 $ 122,712 $ 33,491 4.5% 40.2 90.8% 20.4%
2022 3,811 $ 120,492 $ 31,617 1.7% 39.7 91.3% 23.0%
2023 3,893 $ 131,465 $ 33,770 2.0% 39.1 91.6% 21.4%
City of Wheatland
Demographic and Economic Statistics
For the past ten calendar years
Calendar year 2014 through 2023
Sources:

Population: CA State Dept of Finance
Income, Age, Education Data: US Census Bureau
Unemployment Data: CA Employment Dev Dept
158
Section 4, Item # 4.1
Range of
Number of
Employer Employees Rank
Marysville Joint Unified School District 1,000-4,999 1
Rideout Outpatient 1,000-4,999 1
Beale Air Force Base 500-999 2
Yuba County 251-999 3
Bishop's Pumpkin Farm 250-499 4
Toyota Ampitheatre 250-499 4
Walmart Supercenter 250-499 4
Appeal Democrat 100-249 5
California Dept of Transportation 100-249 5
Lindhurst High School 100-249 5
Lone Tree School 100-249 5
Marysville Care & Rehab Center 100-249 5
Recology Yuba-Sutter 100-249 5
Shoei Food USA 100-249 5
US Post Office 100-249 5
Wheatland School District 100-249 5
1 Information for the City of Wheatland is not available. Information presented is for the entire Yuba County
City of Wheatland
Principal Employers in Yuba County1
For the calendar year 2023
Source: California Employment Development Department
159
Section 4, Item # 4.1
Function 2022 2023 2024
General Government 5.7 6.2 6.0
Public Safety Non-Sworn 1.2 1.2 2.0
Public Safety Sworn 9.5 9.8 9.5
Engineering1

0.0 0.0 0.0
Community Development2

0.0 0.0 0.0
Public Works3

6.9 7.8 7.8
Total 23.3 25.0 25.3
Function 2017 2018 2019 2020 2021
General Government 5.3 4.8 5.2 5.7 5.3
Public Safety Non-Sworn 0.9 0.9 1.0 1.3 1.2
Public Safety Sworn 9.0 9.0 9.0 9.0 9.0
Engineering1

0.0 0.0 0.0 0.0 0.0
Community Development2

0.0 0.0 0.0 0.0 0.0
Public Works3

6.9 7.2 7.0 7.0 6.9
Total 22.1 21.9 22.2 23.0 22.4
1 The City contracts with Coastland Engineering for engineering services 2 The City contracts with Raney and Associates for planning and building inspection services 3 Public Works includes street, building, park maintenance, and water and sewer operations City of Wheatland
Full-time and Part-time City Employees by Function
For the last 8 fiscal years
Source: City Finance Department
160
Section 4, Item # 4.1
Function 2017 2018 2019 2020 2021 2022 2023 2024
Police Stations 1 1 1 1 1 1 1 1
Fire Stations* 1 1 1 1 1 1 1 1
Public Works
Street Miles 22.4 22.4 22.4 22.4 22.4 22.4 22.98 22.98
Street Lights 234 234 234 234 234 234 240 240
Parks and Recreation
Parks 5 5 5 5 5 5 5 5
Community centers 1 1 1 1 1 1 1 1
Ball fields 1 1 1 1 1 1 1 1
Utilities
Miles of municipal sewer mains 18 18 18 18 18 18 18 18
Miles of water mains 18 18 18 18 18 18 18 18
Water wells 6 6 6 6 6 6 6 6
Water storage tanks 2 2 2 2 2 2 2 2
*Fire services are provided by the Wheatland Fire Protection District City of Wheatland
Capital Asset Statistics by Function
For the last 8 years
Source: City Public Works Department
161
Section 4, Item # 4.1
Function 2021 2022 2023
Police
Calls for service 1792 4861 4094
911 calls per year 475 697 497
Public Works
Street Resurfacing (miles) 0 0 0
Encroachment permits 9 15 38
Parks and recreation
Facility rental hours 128.5 265.5 272.0
Sports field rental hours 500 532 540
Building Valuations
Building permits issued per year 146 54 196
Building valuation $ 2,250,231 $ 14,907,185 $ 19,214,432 Utilities
Gallons of wastewater treated per 99 102 105
year (in millions)
Business Licenses
Annual business licenses issued 222 247 240
Function 2016 2017 2018 2019 2020
Police
Calls for service 1,461 1,625 1776 1452 1400
911 calls per year 315 340 441 439 425
Public Works
Street Resurfacing (miles) 0.00 0.00 0.22 0.034 0.06
Encroachment permits 9 9 6 16 12
Parks and recreation
Facility rental hours 144 157 137 182 29
Sports field rental hours 750 750 750 750 500
Building Valuations
Building permits issued per year 95 106 124 120 133
Building valuation $ 2,465,854 $ 3,145,999 $1,667,422 $2,514,613 $3,965,832 Utilities
Gallons of wastewater treated per 124 125 128 139 108
year (in millions)
Business Licenses
Annual business licenses issued 231 273 265 241 167
City of Wheatland
Operating Indicators by Function
For the last 8 calendar years
Source: City Finance Department
162
Section 4, Item # 4.1
Business Name Business Category Business Name Business Category 3 Hermanos Taqueria Casual Dining Big Al's Market Grocery Big Al's Market Grocery Bills Place Casual Dining
Bill's Place Casual Dining Bills Place Casual Dining
Bishops Pumpkin Farm Specialty Bishops Pumpkin Farm Specialty Cade Patrick Boeger Leisure/Entertainment Capital Custom Sportswear Leisure/Entertainment Capital Custom Sportswear Leisure/Entertainment City Grill Casual Dining City Grill Casual Dining Dollar General Variety
Dollar General Variety Elkins Frosty Quick Svc Restaurant Elkins Frosty Quick Svc Restaurant Flower Hut Nursery Garden/Ag Supplies Empire Comfort Systems Contractors Maxs Black Bear BBQ Casual Dining Heaven S Gate Specialty Mi Pueblito Taqueria Casual Dining Heng Z Huang Casual Dining Primetime Pizza Quick Svc Restaurant Mi Pueblito Taqueria Casual Dining Rajs Mini Mart Service Station Primetime Pizza Quick Svc Restaurant Ready to Help Estate Sales Business Services Raj's Mini Mart Service Station Robertos Restaurant Casual Dining Ready to Help Estate Sales Business Services Subway Quick Svc Restaurant Subway Quick Svc Restaurant Tobacco Shop Cigarette/Cigar Taco Bell Quick Svc Restaurant Vacation RVs & Auto Sales Used Auto Dealer Tobacco Shop Cigarette/Cigar Village Pharmacy Drug Store Tobacco Shop Cigarette/Cigar Wheatland 99 & Liquor Convenience Store Wheatland 99 & Liquor Convenience Store Wheatland Elementary School Government/Social Org Wheatland Elementary School Government/Social Org Wheatland Smog & Repair Auto Repair Wheatland Smog & Repair Auto Repair Wheatland Station Service Station Wheatland Station Service Station Wheatland Tire Co Auto Repair Wheatland Tire Co Auto Repair Wonderful Chinese Restaurant Casual Dining *Firms listed alphabetically
(represents 99.62% of total sales tax
2014
(represents 99.62% of total sales tax)
City of Wheatland
Top 25 Sales Tax Producers*
Calendar Year 2023 and Nine Years Ago
2023
Source: Hinderliter, de Llamas Assoc, CA Dept of Tax and Fee Administration, State Controller's Office 163
Section 4, Item # 4.1
164
Section 4, Item # 4.1
Page | 1 16450 Monterey Road, Suite #5, Morgan Hill, CA 95037 Tel: 408-217-8749 • E-Fax: 408-872-4159
[email protected] • www.cnallp.com
City of Wheatland
City Council and Management
Wheatland, California
In planning and performing our audit of the financial statements of City of Wheatland as of and for the year ended June 30, 2024, 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, we considered City of Wheatland’s internal control over financial reporting (internal control) as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of City of Wheatland’s internal control.

Accordingly, we do not express an opinion on the effectiveness of City of Wheatland’s internal control over financial reporting.

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 over financial reporting, 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 reasonable possibility exists when the likelihood of an event occurring is either reasonably possible or probable as defined as follows:
 Reasonably possible: The chance of the future event or events occurring is more than remote but less than likely.
 Probable: The future event or events are likely to occur.

Our consideration of internal control was for the limited purpose described in the first paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses.

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

Respectfully,
March 14, 2025
Morgan Hill, California
165
Section 4, Item # 4.1
City Council Meeting Staff Report
Meeting Date: April 8, 2025
Subject: Consideration and Adoption of Resolution Approving One-Time Reduction in Development Impact Fees for a 16-Unit Multi-Family Residential Project Located at Main Street and C Street
Prepared By: Bill Zenoni, City Manager
Recommendation: Staff recommends that the Wheatland City Council consider not adopting the resolution approving a one-time reduction in development impact fees for a 16-unit multi-family residential project located at Main Street and C Street as this action may set a precedent for future development impact fee waiver requests.

Discussion: The Wheatland Planning Commission, on July 16, 2024, adopted Resolution No. 2024-03 approving the conditional use permit, site plan and design review for a 16-unit apartment project to be located at Main Street and C Street. The project applicant is Frank Webb Construction, Inc.. Subsequent to that action by the Planning Commission, the City’s development impact fees were calculated for the project applicant. Mr. Webb reviewed the development impact fee calculation and indicated to staff that payment of the required impact fees would make his project financially unfeasible. Mr. Webb subsequently contacted Councilmember McIntosh and requested consideration of a reduction in the development impact fees for his project. Councilmember McIntosh raised this matter at the February 25, 2025 City Council meeting and the City Council directed staff to agendize this item for further discussion.

According to the City’s adopted 2025 Master Fee Schedule, the Development Impact Fees for a 16-unit multi-family residential project total $33,306 per unit ($532,896 for a 16-unit development). In response to the City Council direction, staff has prepared a reduced development impact fee schedule for this particular project for Council consideration. The reduced fee schedule (Exhibit A) would provide a onetime 50% reduction in the following development impact fees: (Water Distribution Facilities, Law Enforcement Facilities, General Government Facilities, Public Meeting Facilities, Parkland Facilities, Bear River Levee, Pool Facility and Administrative Fee). It is strongly recommended that the Storm Drainage Facilities, Sewer Collection Facilities, Wastewater Treatment Facilities and Bridges, Signals, Thoroughfares (Streets) development impact fees not be reduced as revenue from these fees is critical for funding planned capital projects.

The potential one-time development impact fee reduction for this project would reduce the City of Wheatland development impact fees due by $6,325 per unit, a total reduction of $101,200. This represents an overall fee reduction of 19 percent. It should be noted that, if approved, this would be a one-time reduction in fees payable to the City and should not set a precedent for future development projects.

Fiscal Impact: Approval of the resolution will result in a reduction of $101,200 in development impact fees paid to the City of Wheatland.

Attachments:

1. Resolution

2. Development Impact Fee Calculation
166
Section 4, Item # 4.2

RESOLUTION NO. XX-25

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WHEATLAND

APPROVING A ONE-TIME REDUCTION IN DEVELOPMENT IMPACT FEES FOR A 16-UNIT MULTI-FAMILY RESIDENTIAL PROJECT LOCATED AT MAIN STREET

AND C STREET
WHEREAS, on July 16, 2024, the Wheatland Planning Commission adopted Resolution No. 2024-03 approving the conditional use permit, site plan and design review for a 16-unit apartment project to be located at Main Street and C Street (“Project”); and WHEREAS, the development impact fees associated with development projects are approved by the City Council and included in the City of Wheatland Master Fee Schedule; and WHEREAS, the development impact fees for a 16-unit multi-family residential project calculated in accordance with the 2025 City of Wheatland Master Fee Schedule total $532,896; and
WHEREAS, the Project applicant, Frank Webb Construction Inc., has indicated that payment of the calculated development impact fees would make the Project financially unfeasible; and
WHEREAS, the City Council, on February 25, 2025, directed staff to agendize this item for City Council consideration; and
WHEREAS, staff has prepared an alternate calculation of development impact fees for the Project and City Council consideration, attached as Exhibit A.

NOW, THEREFORE IT IS HEREBY RESOLVED, ORDERED AND FOUND by the City Council of the City of Wheatland that:

A. The foregoing recitals are true and correct.

B. The City Council approves the reduced development impact fee calculation, attached as Exhibit A, for the 16-unit multi-family apartment complex to be located at Main Street and C Street.

C. The reduced development impact fee calculation is applicable only to the project identified in this resolution and does not set a precedent for reduced development impact fees for future development projects.
167
Section 4, Item # 4.2

PASSED AND ADOPTED by the City Council of the City of Wheatland, State of California this 8
h day of April 2025, by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

ATTEST:
______________________________
Angela Teter, Mayor Lisa Thomason, City Clerk
168
Section 4, Item # 4.2
Exhibit A
City of Wheatland Development Impact Fees
Potential Fee Reduction - 16-Unit Apartment Complex - Main Street and C Street Multi Family Residences 2025 Development Impact Fee Fixed Subject to 1x Reduction? 50% Reduction Storm Drainage Facilities $2,039 $2,039 No -
Sewer Collection Facilities $3,346 $3,346 No -
Wastewater Treatment Facilities $7,392 $7,392 No -
Bridges, Signals, Thoroughfares (Streets) $7,879 $7,879 No - Water Distribution Facilities $3,635 - $3,635 $1,817.50 Law Enforcement Facilities $997 - $997 $498.50
General Government Facilities $1,642 - $1,642 $821.0
Public Meeting Facilities $683 - $683 $341.50
Parkland Facilities $4,080 - $4,080 $2,040.0
Bear River Levee $744 - $744 $372.0
Pool Facility $547 - $547 $273.50
Administrative Fee $322 - $322 $161.0
TOTAL PER UNIT $33,306 $20,656 $12,650 $6,325
Development Impact Fees Per Multi-Family Residential Unit $33,306 Development Impact Fees for 16 Unit Complex $532,896
One-Time Reduction (101,200) (6,325 x 16 = $101,200)
Development Impact Fees for 16 Unit Complex with OneTime Reduction $431,696 $26,981 per unit 169
Section 4, Item # 4.2