Yorba Linda City Council
March 19, 2024

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-49-
3) CASH AND INVESTMENTS (continued)
Credit Risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization (NRSRO). The City’s investment policy does not limit investments in Federal Agency Securities to ratings issued by nationally recognized statistical rating organizations. Presented below is the minimum rating required by (where applicable) the CGC, the City’s investment policy, or debt agreements, and the actual rating, by Standard and Poor’s, as of fiscal year end for each investment type. For the Medium-Term Corporate Notes shown with a rating below the minimum level required of A-, a NRSRO other than Standard and Poor’s currently maintains an A or better rating on these securities. Additionally, six Asset-Backed Securities held in the City’s portfolio were not rated by Standard and Poor’s but were rated Aaa, by Moody’s. The Asset-Backed Securities are then grouped in the AAA column from the table below.

Rating as of Fiscal Year End
Minimum
Legal Not
Investment Type Amount Rating AAA AA+/- A+/- BBB Rated
Medium Term Corporate Notes 12,654,468 $ A- - $ 3,406,907 $ 8,177,358 $ 1,070,203 $ - $ Negotiable Certificates of Deposit 449,696 A- - - 449,696 - - Asset-backed Securities 2,621,223 A- 2,231,491 - - - 389,732 U.S. Treasury Issues 20,965,181 N/A - 20,965,181 - - -
U.S. Government Agency Securities:

Federal Home Loan Mortgage Corp. 1,590,098 N/A - 1,590,098 - - - Federal National Mortgage Assn. 4,829,389 N/A - 4,829,389 - - - Municipal Bond 2,920,845 N/A 1,148,528 1,407,474 - - 364,843 Supra-National Agency Bond / Note 452,354 N/A 452,354 - - - - Local Agency Investment Funds (LAIF) 10,505,796 N/A - - - - 10,505,796 California Asset Management Program (CAMP) 21,787,676 N/A - - - - 21,787,676 Total 78,776,726 $ 3,832,373 $ 32,199,049 $ 8,627,054 $ 1,070,203 $ 33,048,047 $

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-50-
3) CASH AND INVESTMENTS (continued)
Concentration of Credit Risk
The City is in compliance with restrictions imposed by its investment policy, which limits certain types of investments. There were no investments in any one issuer (other than U.S. Treasury and agency securities, mutual funds, and external investment pools) that represent 5% or more of total City investments.

Custodial Credit Risk
The custodial credit risk for deposits is the risk that in the event of the failure of a depository financial institution, a government will not be able to recover deposits or will not be able to recover collateral securities that are in the possession of an outside party.

The custodial credit risk for investments is the risk that in the event of the failure of the counterparty to a transaction, a government will not be able to recover the value of investment or collateral securities that are in the possession of an outside party.

As of June 30, 2023, none of the City’s deposits or investments were exposed to custodial credit risk.

External Investment Pools
Local Agency Investment Pool – The City is a voluntary participant in the Local Agency Investment Fund (LAIF) that is regulated by California Government Code Section 16429 under the oversight of the Treasurer of the State of California. The fair value of the City’s investment in this pool is reported in the accompanying financial statements at amounts based upon the City’s pro-rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the amortized cost of that portfolio). The balance available for withdrawal is based on the accounting records maintained by LAIF, which are recorded on an amortized cost basis.

Currently, LAIF does not have an investment rating. LAIF has a minimum $5,000 transaction amount in increments of $1,000 with a maximum of 15 transactions (combination of deposits and withdrawals) per month. LAIF requires a one-day prior notice for deposits and withdrawals of $10 million or more.

The total amount invested by the City in LAIF as of June 30, 2023, was $10,505,796 LAIF is part of the California Pooled Money Investment Account (PMIA), which as of June 30, 2023, had a balance of $176,442,053,163. LAIF is unrated as to credit quality.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-51-
3) CASH AND INVESTMENTS (continued)
External Investment Pools (continued)
California Asset Management Program – The City is a voluntary participant in the California Asset Management Program (CAMP), a California Joint Powers Authority (JPA) established in 1989 to provide California public agencies with professional investment services. The CAMP Pool is a permitted investment for all local agencies under CGC Section 53601(p). CAMP is directed by a Board of Trustees, which is made up of experienced finance directors and treasurers of California public agencies that are members of the JPA. CAMP determines fair value on its investment portfolio based on amortized cost. The City measures the value of its CAMP investment at the fair value amount provided by CAMP. On June 30, 2023, CAMP had a total portfolio of approximately $17 billion of which all was invested in non-derivative financial products.

The average maturity of CAMP investments was 60 days as of June 30, 2023. 4) LEASE RECEIVABLE
On July 1, 2021, the City entered into various leases ranging from 19 - 163 months as a Lessor. An initial lease receivable was recorded in the amount of $1,161,756. As of June 30, 2023, the value of the lease receivable is $898,584. The lessee is required to make monthly fixed payments ranging from $400 - $3,042. The leases have interest rates ranging from

0.3160% - 1.9134%. The value of the deferred inflow of resources as of June 30, 2023, was $854,170, and the City recognized lease revenue of $79,500 during the fiscal year. The lessees have 1 – 3 extension option(s), each for 60 months.

The remaining expected to maturity principal and interest payments related to leases for the following fiscal years:

Fiscal Year
Ending June 30, Principal Interest Total Payments
2024 183,351 $ 10,423 $ 193,774 $
2025 155,598 9,027 164,625
2026 131,626 7,719 139,345
2027 82,358 6,733 89,091
2028 56,015 5,925 61,940
2029 - 2033 208,500 18,326 226,826
2034 - 2036 81,136 1,297 82,433
Total 898,584 $ 59,450 $ 958,034 $

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-52-
5) CAPITAL ASSETS
The City elected to use the Modified Approach for infrastructure reporting for its Pavement Subsystem. As a result, no accumulated depreciation or depreciation expense has been recorded for this system. A more detailed discussion of the Modified Approach is presented in the Required Supplementary Information section of this report. All other capital assets including other infrastructure systems are depreciated.

Capital asset activity for the fiscal year ended June 30, 2023, was as follows:

Balance Balance
July 1, 2022 Increases Decreases Transfers June 30, 2023 Governmental Activities:

Capital Assets, Not Being Depreciated:

Land 34,543,302 $ - $ - $ - $ 34,543,302 $
Street pavement infrastructure 200,603,744 33,781 - - 200,637,525 Construction In Progress 10,069,477 5,377,035 (903,341) (1,745,132) 12,798,039 Total Capital Assets
Not Being Depreciated 245,216,523 5,410,816 (903,341) (1,745,132) 247,978,866 Capital Assets, Being Depreciated:

Buildings and improvements 125,503,096 5,832 - - 125,508,928 Machinery and equipment 15,206,493 954,176 - - 16,160,669 Motor vehicles 1,601,363 749,525 (53,160) - 2,297,728
Other Infrastructure 156,477,301 3,135,803 - 1,745,132 161,358,236 Right-to-use subscriptions - 541,711 - - 541,711
Total Capital Assets
Being Depreciated 298,788,253 5,387,047 (53,160) 1,745,132 305,867,272 Less Accumulated Depreciation:

Buildings and improvements (34,706,655) (2,984,816) - - (37,691,471) Machinery and equipment (12,682,532) (681,388) - - (13,363,920) Motor vehicles (1,248,627) (81,111) 53,160 - (1,276,578) Other Infrastructure (43,263,873) (2,812,007) - - (46,075,880) Right-to-use subscriptions - (138,758) - - (138,758)
Total Accumulated Depreciation (91,901,687) (6,698,080) 53,160 - (98,546,607) Total Capital Assets
Being Depreciated, Net 206,886,566 (1,311,033) - 1,745,132 207,320,665 Capital Assets, Net 452,103,089 $ 4,099,783 $ (903,341) $ - $ 455,299,531 $ Depreciation/amortization expense was charged to the following functions in the Statement of Activities:

Governmental Activities:

General government $ 2,212,060
Public safety 66,609
Community development 35,457
Parks and recreation 3,039,241
Public works 1,344,713
Total 6,698,080 $

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-53-
5) CAPITAL ASSETS (continued)
Balance Balance
July 1, 2022 Increases Decreases Transfers June 30, 2023 Business-Type Activities:

Capital Assets, Not Being Depreciated:

Land 12,721,948 $ - $ - $ - $ 12,721,948 $
Total Capital Assets
Not Being Depreciated 12,721,948 - - - 12,721,948
Capital Assets, Being Depreciated:

Structures and improvements 21,759,949 178,767 (239,006) - 21,699,710 Machinery and equipment 3,552,286 1,125,720 (1,259,548) - 3,418,458 Total Capital Assets
Being Depreciated 25,312,235 1,304,487 (1,498,554) - 25,118,168 Less Accumulated Depreciation:

Structures and improvements (12,557,808) (614,821) 235,399 - (12,937,230) Machinery and equipment (2,673,925) (232,652) 1,259,548 - (1,647,029) Total Accumulated Depreciation (15,231,733) (847,473) 1,494,947 - (14,584,259) Total Capital Assets
Being Depreciated, Net 10,080,502 457,014 (3,607) - 10,533,909 Capital Assets, Net 22,802,450 $ 457,014 $ (3,607) $ - $ 23,255,857 $ Depreciation expense was charged to the following function in the Statement of Revenues, Expenses and Changes in Fund Net Position:

Business-Type Activities:

Golf Course $ 847,473
Total 847,473 $

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-54-
6) LONG-TERM RECEIVABLES
Loans Receivable (Net)
Loans and notes receivable as of June 30, 2023, totaled $47,542,328 and were recorded as follows in the Affordable Housing Fund:

Owner Participation Agreements
Yorba Linda Housing Partners, L.P.

In May 2006, the former Redevelopment Agency (the Agency) entered into an OPA with Yorba Linda Housing Partners, L.P. for the purchase and rehabilitation of a multi-family apartment complex now known as “Villa Plumosa Apartments.” The Project consists of substantially rehabilitating and developing the Property in order to create a 76-unit multi-family affordable rental housing comprised of a new community center, 52 two-bedroom units and 24 three-bedroom units subject to affordable housing restrictions. The Agency provided the developer with financial assistance by providing: (1) a loan of $7,400,000 to assist in financing the acquisition of the property, and (2) a loan not to exceed $5,376,000 to assist in financing the development of the project. In June 2008, the developer was granted an additional $200,000 in loan proceeds from the Agency to comply with additional requirements placed upon the project by the Agency relating to ADA accessibility requirements. This brought the total maximum loan to $12,976,000. The loan bears simple interest at 3% per annum and will be repaid over the 55-year covenant period. The Agreement also provides that payments toward principal and interest shall not commence until the operation of the project has generated residual receipts calculated annually. The outstanding balance as of June 30, 2023, was $18,423,088.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-55-
6) LONG-TERM RECEIVABLES (continued)
Loans Receivable (Net) (continued)
Affordable Housing Agreements
Evergreen Villas, L.P.

In December 2009, the former Redevelopment Agency entered into an Affordable Housing Agreement with Evergreen Villas, LP for the purchase and rehabilitation of a multi-family condominium complex commonly known as “Evergreen Condominiums”. The project consists of rehabilitating all 26 condominium units and offering them at rents affordable to and to be occupied by very low-income occupants. The Agency assisted in the development of the project by providing financial assistance in the form of a subordinate financing loan in an amount not to exceed $3,254,200. This amount consists of the agreed upon value of the property of $3,169,500 plus an amount not to exceed $84,700 cash for certain property acquisition and development expenses associated with the project. The loan bears no interest and will be repaid over the 55-year covenant period from the close of escrow. In June 2010, the Agency provided further financial assistance in the form of a subordinate financing loan in the amount of $196,140 for the developer’s acquisition and rehabilitation of an additional unit. In April 2011, the Agency expanded the program citywide, committing up to an additional $9.0 million of housing funds for the acquisition and rehabilitations in various condominium complexes citywide that were experiencing high rates of foreclosure.

Additional amounts of $744,142, $494,516, $1,329,009, and $331,569 were loaned during fiscal years 2013-2014, 2014-2015, 2016-2017, and 2017-2018, respectively. On December 18, 2018, the City Council authorized the reallocation of up to $2,382,050 of the funds from this project to the development of a new 48-unit senior apartment complex on Altrudy Lane as discussed in more detail below under Orange Housing Development Corporation. During fiscal year 2019- 2020, a total of $1,215,813 was reallocated between the two projects. The total outstanding balance as of June 30, 2023, for Evergreen Villas was $9,719,695.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-56-
6) LONG-TERM RECEIVABLES (continued)
Loans Receivable (Net) (continued)
Affordable Housing Agreements (continued)
National Community Renaissance of California, L.P.

In March 2011, the former Redevelopment Agency entered into an Affordable Housing Agreement with National Community Renaissance of California, LP for the construction of 69 apartment units for extremely low, very low, and lowincome residents. In June 2013, a second Affordable Housing Agreement was entered into to provide for an additional 54 units in a second phase of development. An Agency acquisition loan was made in an amount not to exceed $5,075,250, secured by a promissory note that the developer was not obligated to pay until it has received its tax credits. At that time the entire loan amount was rolled into the balance of a development loan in an amount not to exceed $3,257,227 towards the construction costs. An additional amount of $480,271 was added to the loan in 2013. The developer will repay the loan over a period of 55 years from the date a certificate of occupancy is issued, with simple interest accruing at a maximum rate of 3% per annum and principal payments to be made from residual receipts generated by the project. In March 2017, the City entered into a second amendment to the agreement to add an additional $2,000,000 to the loan balance, which was subject to funds availability when the City had sufficient housing funds on hand to make the loan. In September 2018, sufficient housing funds were available to the City and the additional loan was disbursed. The outstanding balance as of June 30, 2023, was $12,606,319.

Orange Housing Development Corporation
In December 2018, the City entered into an Affordable Housing and Property Disposition Agreement with Orange Housing Development Corporation and C&C Development for the construction of a 48-unit senior apartment complex to be located at the corner of Lakeview Avenue and Altrudy Lane. The Project consists of affordable units for low, very low, and extremely low-income senior citizens, with a percentage of units set aside for senior veterans. Under the terms of the Agreement, the City conveyed the property on which the project is being built to the developer, the value of which was evidenced by a promissory note reflecting the appraised value of $4,320,000.

Additionally, the developer, which is the same parent entity as for the City’s Agreement with Evergreen Villas LP, was authorized to reallocate up to $2,382,050 of the funds from that project to this project through the resale of various condominium units. During fiscal year 2019-2020, a total of $1,215,813 was reallocated between the two projects. The total of the loan for the value of the property plus the reallocated amount(s) bears simple interest at 0.5% per annum and will be repaid over the 55-year covenant period.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-57-
6) LONG-TERM RECEIVABLES (continued)
Loans Receivable (Net) (continued)
Affordable Housing Agreements (continued)
Orange Housing Development Corporation (continued)
The Agreement also provides that payments toward principal and interest shall not commence until the operation of the project has generated residual receipts calculated annually, anticipated to be in 2028. The outstanding balance as of June 30, 2023, was $6,793,226.

On January 21, 2020, an additional Affordable Housing and Property Disposition Agreement was entered into for a second phase of the project that will include an additional 40 senior apartment units. Under this agreement, property immediately to the east of the original property on Altrudy Lane was purchased by the City for $2.6 million from a private party. The City will hold title to the property until a General Plan Housing Element update is completed that will include the subject property as an affordable housing site. A successful vote of the citizens of the City required under local Measure B to change the zoning on the property from single family residential to a more intense zoning that will allow the second phase of the project to move forward is also required to trigger the transfer of the property to the Developer. As of June 30, 2023, this process has not yet been completed and the property is held by the City in its Affordable Housing Fund as land held for resale.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-58-
7) INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS
The composition of interfund balances as of June 30, 2023, was as follows:

A) Due To / From Other Funds
Paying Funds Amount Receiving Funds Amount
Major Governmental Fund Major Governmental Fund
General Fund 1,853,298 $ Miscellaneous Grants Fund 1,480,586 $ Capital Improvements Fund 116,688
Nonmajor Governmental Funds
Road Maintenance and Rehab Fund 156,611
Traffic Safety Fund 6,935
CDBG Grant Fund 325,854
Total 489,400
$ 1,969,986 1,969,986 $
Interfund balances are the result of short-term borrowing to cover negative cash balances and operating shortages as of June 30, 2023. All of these balances are expected to be reimbursed within the subsequent year.

B) Advances To / From Other Funds
Receiving Funds Amount Paying Funds Amount
Nonmajor Governmental Funds Proprietary Fund
Master Plan of Drainage Fund 1,300,000 $ Black Golf Course Fund 1,300,000 $ $ 1,300,000 1,300,000 $
On February 18, 2020, the City Council authorized the cancellation of all advances due to the General Fund from the Black Gold Golf Course Fund as well as the related accrued interest payable. These advances were made when the golf course was initially built to cover construction cost overruns and subsequently to pay off the remaining principal balance of the Golf Course’s 2003 Revenue Bonds. Following a detailed long-term financial analysis of the expected cash flows for the golf course, it was determined that it was unlikely that sufficient cash would be generated from the golf course operations to repay the advances within a reasonable period of time. At that time, a new advance of $2,300,000 was also made from the Master Plan of Drainage Fund to the Black Gold Golf Course Fund to eliminate the fund’s negative cash position. The advance will be repaid over a period of ten years. Sufficient resources are expected to be on hand generated from golf course operations to make regular payments on this advance.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-59-
7) INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS (continued) C) Interfund Transfers
Receiving Funds Amount Paying Funds Amount
Major Governmental Funds Major Governmental Funds
General Fund 776,117 $ General Fund 3,176,506 $
Landscape Maintenance
Assessment District Fund 976,618
Landscape Maintenance
Assessment District Fund 554,046
Capital Improvements Fund 14,203,311 Public Library Fund 541,533 Miscellaneous Grants Fund 1,242,847
Nonmajor Governmental Funds Nonmajor Governmental Funds Lighting and Signal Project Fund 101,605
CDBG Fund 78,045
Gas Tax Fund 1,940,306
Measure M2 Fund 1,351,395
Road Maintenance and
Rehabilitation Fund 2,453,726
Traffic Safety Fund 55,401
Citizen Option Public Safety fund 171,682
ARPA Fund 2,732,686
Park in Lieu Fund 1,416,233
Master Plan of Drainage Fund 260,593
Traffic Mitigation fund 55,163
Lighting and Signal Project Fund 27,489
$ 16,057,651 16,057,651 $
The transfer to the Capital Improvements Fund in the amount of $14,203,311 consisted primarily of:

1. The transfer from the General Fund of $2,199,885, is related to a reimbursement of funding the Capital Improvements Fund for miscellaneous projects.

2. The transfer from Landscape Maintenance Assessment District Fund (LMAD) of $452,441, is related to funding the LMAD Median Landscape Transit project and LMAD Capital Improvement Renovation project.

3. The transfers from the Miscellaneous Grants Fund of $1,242,847 and other nonmajor governmental funds of $10,308,138, were primarily for funding the Capital Improvements Fund for capital expenditures.

The transfer to the Landscape Maintenance Assessment District Fund of $976,618 from the General Fund to cover the general benefit costs associated with landscape and lighting maintenance.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-60-
7) INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS (continued) C) Interfund Transfers (continued)
The transfers to the General Fund of $776,117 were primarily the result of transfers from the Library Fund. The remaining amounts are from other nonmajor governmental funds of $234,584 to fund the General Fund for public safety services performed by the Orange County Sheriff’s Department under the City’s Police Services contract and engineering and administrative services in support of the City’s street maintenance program as authorized under California Streets and Highway Code Section 2107.5.

The transfer to the Lighting and Signal Improvement Fund of $101,605 from the Landscape Maintenance Assessment District (LMAD) Fund is for certain revenues collected from the lighting and traffic signal zones which are segregated from operating funds for future lighting and traffic signal capital improvements. 8) LONG-TERM LIABILITIES
A) Long-Term Liabilities – Governmental Activities
The following is a summary of changes in long-term liabilities of the City’s governmental activities for the fiscal year ended June 30, 2023:

Balance Balance Due Within
July 1, 2022 Additions Deletions June 30, 2023 One Year Governmental Activities:

Lease Revenue Bonds 13,100,000 $ - $ (570,000) $ 12,530,000 $ 600,000 $ Unamortized Bond Premium 1,019,588 - (64,262) 955,326 - Subscription Liability - 481,436 (128,195) 353,241 127,915 Claims and Judgements:

Claims Liability 256,850 6,100 (106,850) 156,100 156,100 Workers Compensation 724,021 - (130,779) 593,242 47,934 Compensated Absences 1,583,355 764,892 (770,205) 1,578,042 855,025 Net Pension Liability (Note 10) 13,482,230 11,583,064 - 25,065,294 - Net OPEB Liability (Note 11) 15,396,297 2,636,972 - 18,033,269 - Total 45,562,341 $ 15,472,464 $ (1,770,291) $ 59,264,514 $ 1,786,974 $ The Net Pension Liability and Net OPEB Liability are liquidated from the General Fund, Library Fund and Landscape Maintenance Assessment District Fund.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-61-
8) LONG-TERM LIABILITIES (continued)
A) Long-Term Liabilities – Governmental Activities (continued) Lease Financings
2018 Yorba Linda Public Financing Authority Lease Revenue Bonds – Series A In December 2018, the Yorba Linda Municipal Financing Authority issued $14,645,000 of lease revenue bonds to fund a portion of the construction costs of the new Yorba Linda Public Library facility. The bonds are payable from the lease payment revenues received by the Authority from the City as pledged under a trust indenture. The lease payments are a budgetary obligation of the Public Library Special Revenue Fund. However, the City has covenanted to appropriate sufficient funds to make the annual lease payments, which would include appropriations from the City’s General Fund in the event that the Library Special Revenue Fund were to have insufficient funds on hand to make the payments. The lease payments and corresponding bond debt service payments began on May 1, 2019. The bonds are current interest serial bonds maturing between May 1, 2020, and May 1, 2038, at interest rates ranging from 3.25% to 5.00% and with annual principal payments ranging from $0 to $1,095,000. The interest payments are due semi-annually on May 1 and November 1. The outstanding balance as of June 30, 2023, was $12,530,000.

The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2023, including interest, are as follows:

Fiscal Year
Ending June 30, Principal Interest Total
2024 600,000 $ 543,138 $ 1,143,138 $
2025 630,000 513,138 1,143,138
2026 660,000 481,638 1,141,638
2027 690,000 448,638 1,138,638
2028 725,000 414,138 1,139,138
2029 - 2033 4,165,000 1,515,438 5,680,438
2034 - 2038 5,060,000 62,297 5,122,297
Total 12,530,000 $ 3,978,425 $ 16,508,425 $

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-62-
8) LONG-TERM LIABILITIES (continued)
A) Long-Term Liabilities – Governmental Activities (continued) Subscription Liability
On July 1, 2022, the City entered into various subscriptions ranging from 37 - 60 months for the use of software. An initial subscription liability was recorded in the amount of $481,436. As of June 30, 2023, the value of the subscription liability is $353,241. The City is required to make annual fixed payments ranging from $8,775 to $52,259. The subscriptions have interest rates ranging from 1.7103% - 2.3657%.

The value of the right-to-use asset as of June 30, 2023, of $541,711 with accumulated amortization of $138,758 is included on the capital asset note. The City has extension option(s), ranging from 12 to 36 months.

The interest payments are due semi-annually on February 1 and August 1. The City fully paid the outstanding liability during fiscal year ending June 30, 2023.

The annual requirements to amortize the outstanding indebtedness as of June 30, 2023, including interest, are as follows:

Fiscal Year
Ending June 30, Principal Interest Total
2024 127,915 $ 6,490 $ 134,405 $
2025 131,553 4,255 135,808
2026 52,409 1,934 54,343
2027 41,364 979 42,343
Total 353,241 $ 13,658 $ 366,899 $
Claims and Judgments
The City of Yorba Linda is a member of the California Insurance Pool Authority (CIPA). CIPA is a Joint Powers Authority with 13-member cities in Los Angeles County and Orange County, California, which was established in 1978 to pool resources, share risks, purchase excess insurance, and share costs for professional risk management and claims administration. The Governing Board consists of one member from each participating city and is responsible for the selection of management and for the budgeting and financial management of the Authority.

The rights of the City of Yorba Linda are to receive assistance from the CIPA in establishing and maintaining a risk management program compatible with the policies and programs of the Authority and to appeal decisions of the Claims Committee to the Executive Committee or the Board, subject to such restrictions as the Board may adopt by resolution or Bylaws.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-63-
8) LONG-TERM LIABILITIES (continued)
A) Long-Term Liabilities – Governmental Activities (continued) Claims and Judgments (continued)
The City initiated self-insurance programs for general liability and workers’ compensation on July 1, 1985, and July 1, 1989, respectively. Outside insurance coverage is purchased through CIPA for individual claims in excess of the City’s selfinsurance retention limits. Larger claims are processed by an outside insurance service that administers the programs, while smaller claims are processed in-house by the City’s Risk Manager. For general liability claims, CIPA provides 1) a risksharing pool for claims in excess of the City’s self-insured retention level of $250,000 up to $3,000,000 and 2) a non-risk-sharing insurance-purchasing pool for claims in excess of $3,000,000 up to $38,000,000 per occurrence.

For workers compensation claims, the City has obtained excess insurance coverage from an outside commercial insurance company through CIPA’s non-risk-sharing insurance purchasing program. The policy provides coverage for claims in excess of the City’s $500,000 self-insured retention level up to the California statutory limits for workers compensation. If CIPA’s Board of Directors determines that the funds on hand are insufficient to pay losses, a special assessment may be imposed on all participating members.

The City is also obligated to pay its proportional share of the workers compensation liability for City of Brea Police Department employees who were injured on the job during a portion of the time that the City of Brea provided police services for the City, which ended on July 7, 2012. The degree of the City’s obligation for these liabilities changed several times, as further described in the former agreements with the City of Brea to provide police services in Yorba Linda. Annually, the City of Brea’s risk manager provides the City with an updated actuarial analysis of the City’s share of Brea’s workers compensation liability, which the City reports as a liability. The City of Brea invoices the City monthly for Yorba Linda’s share of actual claims payments made. The City Council has established and fully funded a Special Reserves account that offsets this liability. Funds are transferred to the General Fund from Special Reserves to make the monthly payments to the City of Brea.

The City accounts for material claims and judgments when it is probable that a claim liability has been incurred at fiscal year-end and the amount of the loss can be reasonably estimated. The City records the estimated loss, including a provision for incurred but not reported claims, net of any insurance coverage under its selfinsurance program.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-64-
8) LONG-TERM LIABILITIES (continued)
A) Long-Term Liabilities – Governmental Activities (continued) Claims and Judgments (continued)
On June 30, 2023, various claims have been received by the City that the City has denied, but no action has yet been filed. Litigation is still pending on cases that the City believes are adequately covered as described in the following paragraphs. Small dollar claims and judgments are recorded as expenditures when paid.

A liability as of June 30, 2023, of $749,342 is reported in the Statement of Net Position for general liability and workers’ compensation claims and judgments.

Changes in the claims and judgements liability balance for the fiscal years ended June 30, 2023, and 2022, including a provision for incurred but not reported claims were as follows:

Claims Claims and Claims
Fiscal Year Payable Changes in Claims Payable
Ending June 30, Beginning Estimates Payments Ending
2021 939,444 $ 649,292 $ 621,323 $ 967,413 $
2022 967,413 58,049 44,591 980,871
2023 980,871 6,100 237,629 749,342
There have been no significant changes to insurance coverage.

The City has not experienced settlements in excess of insurance coverage during the past three years.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-65-
8) LONG-TERM LIABILITIES (continued)
A) Long-Term Liabilities – Governmental Activities (continued) Compensated Absences
The City’s policies relating to compensated absences are described in Note 1 to the basic financial statements. This liability will be paid in the future from the General Fund or the Public Library Fund. While small amounts of personnel costs are allocated to other funds, the General Fund covers the compensated absences obligations of these other funds. The City Council has established and fully funded a Special Reserves account that offsets the General Fund’s share of this liability. The Public Library Fund maintains operating reserves sufficient to fund its share of the liability. The outstanding balance at June 30, 2023, was $1,578,042.

B) Long-Term Liabilities – Business-Type Activities
The following is a summary of changes in long-term liabilities of the City’s businesstype activities for the fiscal year ended June 30, 2023:

Balance Balance Due Within
July 1, 2022 Additions Deletions June 30, 2023 One Year Business-Type Activities:

Loan payable 1,125,938 $ - $ (244,522) $ 881,416 $ 247,737 $ Lease Financing
In November 2021, Black Gold Golf Course entered into a lease financing agreement with Zions Bancorporation for the purchase of groundskeeping equipment, mowing vehicles and equipment, and a clubhouse transportation vehicle. The total amount financed is $1,246,466 over five years. The interest rate is 1.31% with semi-annual payments of $129,237 beginning June 1, 2022. The outstanding balance at June 30, 2023 was $881,416.

Fiscal Year
Ending June 30, Principal Interest Total
2024 247,737 $ 10,738 $ 258,475 $
2025 250,992 7,482 258,474
2026 254,291 4,183 258,474
2027 128,396 841 129,237
Total 881,416 $ 23,244 $ 904,660 $

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-66-
9) CONDUIT DEBT
During fiscal year 2000-2001, the Agency issued, on behalf of National CORE (Southern California Housing Corporation), the Yorba Linda Redevelopment Agency Multi-Family Housing Revenue Bonds 2000, Series A, in the principal amount of $2,754,321. These bonds are not reflected in the City’s long-term liabilities because they are special obligations payable solely from and secured by specific revenue sources described in the resolution and official statement of the issue. Neither the faith and credit nor the taxing power of the City, the former Redevelopment Agency, the State of California or any political subdivision thereof, is pledged for the payment of these bonds. The balance as of June 30, 2023, is $1,217,036.
10) CITY EMPLOYEES RETIREMENT PLAN (DEFINED BENEFIT PENSION PLAN) A) General Information about the Pension Plan
Plan Description
The Plan is an agent multiple-employer defined benefit pension plan administered by the California Public Employees’ Retirement System (CalPERS). A full description of the pension plan regarding number of employees covered, benefit provisions, assumptions (for funding, but not accounting purposes), and membership information are listed in the Plan’s June 30, 2021 Annual Actuarial Valuation Report (funding valuation). Details of the benefits provided can be obtained in Appendix B of the actuarial valuation report.

This report and CalPERS’ audited financial statements are publicly available reports that can be obtained at CalPERS’ website.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-67-
10) CITY EMPLOYEES RETIREMENT PLAN (DEFINED BENEFIT PENSION PLAN) (continued)
A) General Information about the Pension Plan (continued) Benefits Provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, who must be public employees and beneficiaries. Benefits are based on years of credited service, equal to one year of full-time employment. Members with five years of total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 5 years of service. The death benefit is one of the following:
the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The cost-of-living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

The Plan operates under the provisions of the California Public Employees’ Retirement Law (PERL), the California Public Employees’ Pension Reform Act of 2013 (PEPRA), and the regulations, procedures and policies adopted by the CalPERS Board of Administration. The Plan’s authority to establish and amend the benefit terms are set by the PERL and PEPRA, and may be amended by the California state legislature and in some cases require approval by the CalPERS Board.

The Plan’s provisions and benefits in effect at June 30, 2023 are summarized as follows:

Miscellaneous
Prior to On or After
January 1, 2013 January 1, 2013
Benefit formula 2.0% @ 55 2.0% @ 62
Benefit vesting schedule 5 years of service 5 years of service Benefit payments monthly for life monthly for life monthly for life monthly for life Retirement age 50-63 52-67
Monthly benefits, as a % of eligible compensation 1.426% to 2.418% 1.000% to 2.500% Required employee contribution rates 7.00% 7.25%
Required employer contribution rates 10.83% 7.25%

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-68-
10) CITY EMPLOYEES RETIREMENT PLAN (DEFINED BENEFIT PENSION PLAN) (continued)
A) General Information about the Pension Plan (continued) Employees Covered
On June 30, 2022 (measurement date), the following employees were covered by the benefit terms for the Plan:

Miscellaneous
Inactive employees or beneficiaries currently receiving benefits 155 Inactive employees entitled to but not yet receiving benefits 64 Former employees currently working for another CalPERS agency 57 Active employees 122
Total 398
Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the employer contribution rates for all public employers are determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. The total plan contributions are determined through CalPERS’ annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability.

The employer is required to contribute the difference between the actuarially determined rate and the contribution rate of employees. Employer contribution rates may change if plan contracts are amended. Payments made by the employer to satisfy contribution requirements that are identified by the pension plan terms as plan member contribution requirements are classified as plan member contributions.

Employer Contributions to the Plan for the fiscal year ended June 30, 2022 were $3,083,164.

B) CalPERS Net Pension Liability
The City’s net pension liability for the Plan is measured as the total pension liability, less the pension plan’s fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2022, using an annual actuarial valuation as of June 30, 2021, rolled forward to June 30, 2022, using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is shown below.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-69-
10) CITY EMPLOYEES RETIREMENT PLAN (DEFINED BENEFIT PENSION PLAN) (continued)
B) CalPERS Net Pension Liability (continued)
Actuarial Methods and Assumptions Used to Determine Total Pension Liability Valuation Date June 30, 2021
Measurement Date June 30, 2022
Actuarial Cost Method Entry-Age Actuarial Cost Method
Asset Valuation Method Fair Value of Assets
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Salary Increase Varies by Entry Age and Service
Mortality Rate Table(1) Derived using CalPERS' Membership Data for all Funds Post Retirement Benefit Increase The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor on purchasing power
applies, 2.30% thereafter.
(1) The mortality table used was developed based on CalPERS-specific data. The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and Post-retirement mortality rates include generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from November 2021 that can be found on the CalPERS website.

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

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

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-70-
10) CITY EMPLOYEES RETIREMENT PLAN (DEFINED BENEFIT PENSION PLAN) (continued)
B) CalPERS Net Pension Liability (continued)
The expected real rates of return by asset class are as follows:

Assumed
Asset Real Return
Asset Class1 Allocation Years 1,2
Global equity - cap-weighted 30.00% 4.54%
Global equity - non-cap-weighted 12.00% 3.85%
Private equity 13.00% 7.28%
Treasury 5.00% 0.27%
Mortgage-backed Securities 5.00% 0.50%
Investment grade corporates 10.00% 1.56%
High yield 5.00% 2.27%
Emerging market debt 5.00% 2.48%
Private debt 5.00% 3.57%
Real assets 15.00% 3.21%
Leverage (5.00%) (0.59%)
1 An expected inflation of 2.30% used for this period.
2 Figures are based on the 2021 Asset Liability Management study.

Change of Assumptions
Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the longterm expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions.

Discount Rate
The discount rate used to measure the total pension liability was 6.90%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-71-
10) CITY EMPLOYEES RETIREMENT PLAN (DEFINED BENEFIT PENSION PLAN) (continued)
B) CalPERS Net Pension Liability (continued)
Discount Rate
Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members.

Therefore, the long-term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Subsequent Events
On July 12, 2021, CalPERS reported a preliminary 21.3% net return on investments for fiscal year 2020-21. Based on the thresholds specified in CalPERS Funding Risk Mitigation policy, the excess return of 14.3% prescribes a reduction in investment volatility that corresponds to a reduction in the discount rate used for funding purposes of 0.20%, from 7.00% to 6.80%. Since CalPERS was in the final stages of the four-year Asset Liability Management (ALM) cycle, the board elected to defer any changes to the asset allocation until the ALM process concluded, and the board could make its final decision on the asset allocation in November 2021.

On November 17, 2021, the board adopted a new strategic asset allocation. The new asset allocation along with the new capital market assumptions, economic assumptions and administrative expense assumption support a discount rate of

6.90% (net of investment expense but without a reduction for administrative expense) for financial reporting purposes. This includes a reduction in the price inflation assumption from 2.50% to 2.30% as recommended in the November 2021 CalPERS Experience Study and Review of Actuarial Assumptions. This study also recommended modifications to retirement rates, termination rates, mortality rates and rates of salary increases that were adopted by the board. These new assumptions will be reflected in the GASB 68 accounting valuation reports for the June 30, 2022, measurement date.

Pension Plan Fiduciary Net Position
Information about the pension plan’s assets, deferred outflows of resources, liabilities, deferred inflows of resources, and fiduciary net position are presented in CalPERS’ audited financial statements, which are publicly available reports that can be obtained at CalPERS’ website, at www.calpers.ca.gov. The plan’s fiduciary net position and additions to/deductions from the plan’s fiduciary net position have been determined on the same basis used by the pension plan, which is the economic resources measurement focus and the accrual basis of accounting. Benefits and refunds are recognized when due and payable in accordance with the terms of the plan. Investments are reported at fair value.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-72-
10) CITY EMPLOYEES RETIREMENT PLAN (DEFINED BENEFIT PENSION PLAN) (continued)
C) Changes in the CalPERS Net Pension Liability
Increase (Decrease)
Net Position
Total Pension Plan Fiduciary Liability
Liability (a) Net Position (b) (c)=(a)-(b)
Balance, June 30, 2021 (VD) $ 71,133,066 84,615,296 $ 13,482,230 $ Changes in Recognized for the -
Measurement Period: -
Service Cost 2,107,336 - 2,107,336
Interest on the Total Pension Liability 5,919,104 - 5,919,104 Changes in Benefit Terms - - -
Differences between Expected -
and Actual Experience (481,420) - (481,420)
Changes of Assumptions 2,606,715 - 2,606,715
Contribution from the Employer - 2,692,476 (2,692,476)
Contributions from the Employees - 1,334,623 (1,334,623) Net Investment Income2 (5,414,116) - 5,414,116
Benefit Payments, including Refunds -
of Employee Contributions (4,020,261) (4,020,261) -
Administrative Expense - (44,312) 44,312
Other Miscellaneous Income/(Expense) - - -
Net Changes during 2021-22 (5,451,590) 6,131,474 11,583,064 Balance, June 30, 2022 (MD)
1 $ 65,681,476 90,746,770 $ 25,065,294 $
2 Net of administrative expenses.
1 The fiduciary net position includes receivables for employee's service buybacks, deficiency reserves, fiduciary self-insurance and OPEB expense. This may differ from the plan assets reported in the funding actuarial valuation report.

Valuation Date (VD), Measurement Date (MD).

Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the net pension liability of the Plan as of the measurement date, calculated using the discount rate of 6.9 percent, as well as what the net pension liability would be if it were calculated using a discount rate that is 1 percentage-point lower (5.9 percent) or 1 percentage-point higher (7.9 percent) than the current rate:

Discount Discount
Rate - 1% Current Discount Rate +1%
(5.90%) Rate (6.90%) (7.90%)
Plan's Net Pension Liability/(Asset) 37,584,895 $ 25,065,294 $ 14,804,436 $

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-73-
10) CITY EMPLOYEES RETIREMENT PLAN (DEFINED BENEFIT PENSION PLAN) (continued)
C) Changes in the CalPERS Net Pension Liability

Amortization of Deferred Outflows and Deferred Inflows of Resources Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

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

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

Net difference between
projected and actual earnings
on pension plan investments
5-year straight-line amortization
All other amounts Straight-line amortization over the expected average remaining service lives (EARSL) of all members that
are provided with benefits (active, inactive and retired) as of the beginning of the measurement period
D) Pension Expense and Deferred Outflows and Deferred Inflows of Resources Related to Pensions
As of the start of the measurement period (July 1, 2021), the City’s net pension liability was $13,482,230. For the measurement period ending June 30, 2022 (the measurement date), the City incurred pension expense of $2,908,711.

As of June 30, 2023, the City has deferred outflows and deferred inflows of resources related to pensions as follows:

Deferred Deferred
Outflows of Inflows of
Resources Resources
Pension contributions subsequent to measurement date 3,083,164 $ - $ Changes of assumption 1,882,627 -
Differences between expected and actual experience 116,578 (389,700) Net differences between projected and actual earnings
on pension plan investments 3,340,236 -
Total 8,422,605 $ (389,700) $

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-74-
10) CITY EMPLOYEES RETIREMENT PLAN (DEFINED BENEFIT PENSION PLAN) (continued)
D) CalPERS Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions (continued)
These amounts above are net of outflows and inflows recognized in the 2021-22 measurement period expense. Contributions subsequent to the measurement date of $3,083,164 reported with deferred outflows of resources will be recognized as a reduction of the net pension liability in the upcoming fiscal year. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in future pension expense as follows:

Deferred Outflows
Fiscal Year (Inflows) of
Ended June 30, Resources
2024 1,163,227 $
2025 1,115,584
2026 606,798
2027 2,064,132
E) Payable to the Pension Plan
At June 30, 2023, the City reported a payable of $83,545 for the outstanding amount of contributions to the pension plan required for the year then ended.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-75-
11) OTHER POST-EMPLOYMENT BENEFITS
A) General Information about the Other Post-employment Benefits Plan Plan Description
The City provides other post-employment benefits (OPEB) through the Public Employees’ Medical and Hospital Care Act (PEMHCA), a single employer defined benefit healthcare plan administered by the California Public Employees’ Retirement System (CalPERS). Separate financial statements for the PEMHCA may be obtained by writing to CalPERS at Lincoln Plaza North 400 Q Street, Sacramento, California, 95814 or by visiting the CalPERS website at www.calpers.ca.gov.

Benefits Provided
Eligible active employees are offered a choice of medical (including prescription drug coverage) plans through the CalPERS Health Program under the Public Employees’ Medical and Hospital Care Act (PEMHCA). The City offers the same medical plans to eligible retirees except that once a retiree is eligible for Medicare, the retiree must join a Medicare HMO or Supplement Plan with Medicare being the primary payer. In addition, the City provides dental and vision coverage to eligible retirees. Retirees may elect coverage for their spouse and eligible dependents.

Contribution
Currently, the City contributes the minimum amount required by PEMHCA toward health insurance premiums for all retirees. For retirees hired prior to April 1, 2017, an additional contribution up to the average two-party premium of HMO Plans offered by CalPERS is provided through a health reimbursement account. Retirees hired on or after April 1, 2017, only receive the minimum contribution required by PEMHCA. In addition, retirees hired prior to April 1, 2017, are eligible to participate in the City’s dental and vision insurance plans at no cost. Retirees hired on or after April 1, 2017, are not eligible for dental or vision insurance coverage in retirement. These benefits are provided per contract between the City and the employee associations. The City was required to contribute $809,799 and the total actual contribution was $1,235,999 for fiscal year ended June 30, 2023.

Funding Policy
The contribution requirements of plan members and the City are established and may be amended by the City, City Council and/or the employee associations. The City made an annual contribution to an OPEB trust with CalPERS beginning in fiscal year 2017- 2018. The City Council has established a formal funding policy relative to these contributions and intends to make them on a periodic, discretionary basis as funds permit in order to reduce the City’s unfunded OPEB liability.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-76-
11) OTHER POST-EMPLOYMENT BENEFITS (continued)
A) General Information about the Other Post-employment Benefits Plan (continued) Employees Covered
On June 30, 2022 (measurement date), the following employees were covered by the benefit term:

Inactive employees or beneficiaries currently receiving benefits 74 Inactive employees entitled to but not yet receiving benefits 17 Active employees 131
Total 222
B) Net OPEB Liability
The net OPEB liability of the Plan was measured as of June 30, 2022, using an interim actuarial valuation as of January 1, 2022, rolled back to June 30, 2022, in accordance with the parameters of GASB Statement No. 75.

Actuarial Assumptions
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan members to that point.

The actuarial methods and assumptions used include techniques that are designed to reduce the effects of short-term volatility in the actuarial accrued liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations.

The net OPEB liability in the June 30, 2022 (measurement date) actuarial valuation was determined using the following actuarial assumptions:

Measurement Date June 30, 2022
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 6.00%
Inflation 2.50%
Payroll Growth 2.80%
Projected Salary Increase 0.40% - 8.50%(1)
Asset Return 6.8%(2)
Mortality Derived using CalPERS' Membership Data for all Funds (1) Depending on age, service and type of employment.
(2) Assuming the City invests in California Employers' Retiree Benefit Trust (CERBT) under its investment allocation strategy.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-77-
11) OTHER POST-EMPLOYMENT BENEFITS (continued)
B) Net OPEB Liability (continued)
Discount Rate
The discount rate used to measure the total OPEB liability as of the June 30, 2022 measurement date, was 6.00%.

The long-term expected rate of return on OPEB plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long- term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic real rates of return for each major asset class included in the OPEB plan's target asset allocation as of June 30, 2022, are summarized in the following table:

Long-term Expected Real
Asset Class Target Allocation Rate of Return
Global Equity 49.0% N/A
Global Fixed Income 23.0% N/A
Inflation Assets 5.0% N/A
Commodities 3.0% N/A
REITs 20.0% N/A

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-78-
11) OTHER POST-EMPLOYMENT BENEFITS (continued)
C) Change in the Net OPEB Liability
The changes in the net OPEB liability for the Plan are as follows:

Net OPEB
Liability
Total OPEB Liability Balance, June 30, 2021 (MD) 17,030,082 $ Service Cost 511,612
Interest 1,168,575
Differences between Expected
and Actual Experience (167,601)
Changes of Assumptions 1,867,235
Benefit Payments, including Refunds
of Employee Contributions (725,445)
Net Changes during 2020-21 2,654,376
Total OPEB Liability Balance, June 30, 2022 (MD) 19,684,458 Plan Fiduciary Net Position
Contribution from the Employer 995,445
Net Investment Income (252,164)
Benefit Payments, including Refunds
of Employee Contributions (725,445)
Admin and Other Expense (432)
Net Changes during 2020-21 17,404
Plan Fiduciary Net Position - Beginning 1,633,785
Plan Fiduciary Net Position - Ending 1,651,189
Net OPEB Liability Balance, June 30, 2021 (MD) 18,033,269 $ Sensitivity of the Net OPEB Liability to Changes in the Discount Rate The following presents the net OPEB liability as of the measurement date, calculated using the discount rate of 6.00%, as well as what the net OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5.00%) or 1- percentage-point higher (7.00%) than the current rate:

Discount Rate - Current Discount Discount Rate
1% (5.00%) Rate (6.00%) +1% (7.00%)
Net OPEB Liability 21,393,822 $ 18,033,269 $ 16,203,810 $

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-79-
11) OTHER POST-EMPLOYMENT BENEFITS (continued)
C) Change in the Net OPEB Liability (continued)
Sensitivity of the Net OPEB Liability to changes in healthcare cost trend rates The following presents the net OPEB liability as of the measurement date, as well as what net OPEB liability would be if it were calculated using a trend rate that is one percentage point lower or one percentage point higher than the current healthcare trend rate:

Current
Healthcare Cost
1% Decrease Trend Rates 1% Increase
Net OPEB Liability 15,719,984 $ 18,033,269 $ 22,102,250 $ D) OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB
For the fiscal year ended June 30, 2023, the City recognized OPEB expense of $644,790. At measurement date of June 30, 2022, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources:

Deferred Deferred
Outflows of Inflows of
Resources Resources
OPEB contributions subsequent to measurement date 1,235,999 $ - $ Differences between expected and actual experience
in measurement of the Total OPEB Liability - (2,198,984) Changes of assumption 2,128,864 (3,130,773)
Differences between projected and actual earnings
on OPEB plan investments 177,241 -
Total 3,542,104 $ (5,329,757) $

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-80-
11) OTHER POST-EMPLOYMENT BENEFITS (continued)
D) OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB (continued)
The amount of $1,235,999 reported as deferred outflows of resources related to contributions subsequent to the measurement date will be recognized as a reduction of the net OPEB liability in the fiscal year ending June 30, 2024. Other amounts reported as deferred outflows and deferred inflows of resources related to OPEB will be recognized in future OPEB expense as follows:

Deferred Outflows
Fiscal Year (Inflows) of
Ended June 30, Resources
2024 (917,021) $
2025 (914,026)
2026 (921,910)
2027 (877,461)
2028 (35,492)
Thereafter 642,258

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-81-
12) Net Position
As of June 30, 2023, the City reported the following net position classifications:

Net investment in capital assets:

Governmental activities capital assets, net 455,299,531 $ Lease Revenue Bonds (12,530,000)
Unamortized bond premium (955,326)
Subscription liability (353,241)
Total net investment in capital assets 441,460,964 $
Restricted for:

General government 323,302
Parks and recreation 1,085,209
Public works 26,881,404
Library 6,040,079
Low and moderate housing 52,170,317
Unrestricted 6,537,745
Total net position - governmental activities 534,499,020 $ Net investment in capital assets:

Business-type activities capital assets, net 23,255,857 $ Loan Payable (881,416)
Unspent proceeds - Loan Payable 56,426
Total net investment in capital assets 22,430,867 $
Unrestricted (1,527,797)
Total net position - business-type activities 20,903,070 $ 13) JOINT VENTURES
Orange County Fire Authority
In January 1995, the City entered into a joint powers agreement with the Cities of Buena Park, Cypress, Dana Point, Irvine, Laguna Hills, Laguna Niguel, Lake Forest, La Palma, Los Alamitos, Mission Viejo, Placentia, San Clemente, San Juan Capistrano, Seal Beach, Stanton, Tustin, Villa Park, and the County of Orange to create the Orange County Fire Authority (Authority). The purpose of the Authority is to provide for mutual fire protection, prevention and suppression services, and related and incidental services including, but not limited to, emergency medical and transport services, as well as providing facilities and personnel for such services.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-82-
13) JOINT VENTURES (continued)
Orange County Fire Authority (continued)
The effective date of formation was March 1, 1995. The Authority’s governing board consists of one representative from each City and two from the County. The operations of the Authority are funded with structural fire fees collected by the County through the property tax roll for the unincorporated areas of the County and on behalf of all member Cities except for the Cities of Stanton, Tustin, San Clemente, Buena Park, Placentia and Seal Beach. The County pays all structural fire fees it collects to the Authority. The Cities of Stanton, Tustin, San Clemente, Buena Park, Placentia and Seal Beach are considered “cash contract Cities” and accordingly, make cash contributions based on the Authority’s annual budget.

No determination has been made as to each participant’s proportionate share of fund equity as of June 30, 2023. Upon dissolution of the Authority, all surplus money and property of the Authority will be conveyed or distributed to each member in proportion to all funds provided to the Authority by that member or by the County on behalf of that member during its membership. Complete financial statements may be obtained from the Orange County Fire Authority, 1 Fire Authority Road, Building A, Irvine, CA 92602. 14) COMMITMENTS AND CONTINGENT LIABILITIES
A) The City has been named as a defendant in various lawsuits and claims arising in the course of operations. These lawsuits and claims against the City are incidental to the ordinary course of operations and are largely covered by the City’s self-insurance program. In the opinion of management and the City Attorney, such claims and litigation will not have a material adverse effect upon the financial position or results of the City.

To the extent the outcome of such litigation or claims is determined to result in probable financial loss to the City, such loss is accrued in the accompanying basic financial statements.

B) On July 17, 2012, the City entered into a contract with the Orange County Sheriff’s Department for the provision of law enforcement services, which was most recently renewed on May 16, 2023, for a five-year term. This contract constitutes the single largest expenditure from the City’s General Fund each year, representing approximately 30% of the General Fund operating expenditures. The contract is reimbursement-based, with a year-end reconciliation payment to adjust for actual costs.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-83-
14) COMMITMENTS AND CONTINGENT LIABILITIES (continued)
C) On April 19, 2016, the City entered into a Participation Agreement with the County of Orange to fund the City’s proportionate share of the construction costs for the new regional animal shelter at the former Tustin Marine Corps Air Station. Under the Agreement, the City is obligated to pay a total of $509,899 over a ten-year period, reflecting 1.87% of the construction costs for the shelter. The County is also charging the City interest at 0.81%. These payments are funded from the General Fund operating budget and are made on a quarterly basis. The outstanding balance was $157,219 at June 30, 2023.
15) SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY
The California Supreme Court upheld Assembly Bill 1X 26 (“the Bill”) that provides for the dissolution of all redevelopment agencies in the State of California. This action impacted the reporting entity of the City of Yorba Linda that previously had reported a Redevelopment Agency within the reporting entity of the City as a blended component unit.

The Bill provides that upon dissolution of a Redevelopment Agency, either the City or another unit of local government will agree to serve as the “Successor Agency” to hold the assets until they are distributed to other units of state and local government. On January 3, 2012, the City Council elected to become the Successor Agency for the former Redevelopment Agency in accordance with the Bill as part of City resolution number 2012- 5095.

After enactment of the law, which occurred on June 28, 2011, redevelopment agencies in the State of California cannot enter into new projects, obligations or commitments. Subject to the control of a newly established oversight board, remaining assets can only be used to pay enforceable obligations in existence at the date of dissolution (including the completion of any unfinished projects that were subject to legally enforceable contractual commitments).

Successor Agencies will only be allocated revenue in the amount that is necessary to pay the estimated annual installment payments on enforceable obligations of the former Redevelopment Agency until all enforceable obligations of the prior Redevelopment Agency have been paid in full and all assets have been liquidated in accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on December 29, 2011). All redevelopment agencies in the State of California were dissolved and ceased to operate as legal entities as of February 1, 2012.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-84-
15) SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (continued)
A) Cash and Investments
The following is a summary of Successor Agency cash and investments as of June 30, 2023:

Pooled cash and investments 2,592,791 $
Restricted cash and investments held with fiscal agent 3,428,261 Total cash and investments 6,021,052 $
The Successor Agency’s cash and investments are pooled with the City’s cash and investment in order to generate optimum interest income. The share of the pooled cash account is separately accounted for, and investment income is allocated to all participating funds based on the relationship of their average daily cash balances to the total of the pooled cash and investments. Information regarding the authorized types of deposits and investments, the type of risks (i.e., credit, interest rate, custodial, etc.) and other disclosures associated with the City's pooled cash and investments and those restricted with fiscal agent is reported in Note 3 to the basic financial statements.

B) Long-Term Liabilities
A description of long-term liabilities outstanding (excluding defeased debt) of the Successor Agency as of June 30, 2023, follows:

Balance Accreted Balance Due Within
June 30, 2022 Interest Deletions June 30, 2023 One Year Tax Allocation Bonds 36,447,121 $ 868,100 $ 3,460,000 $ 33,855,221 $ 3,640,000 $ Unamortized Premium 1,570,523 - 154,154 1,416,369 154,154 Unamortized Gain on
Defeasance 2,639,148 - 259,045 2,380,103 259,046
Unamortized Discount (48,858) - (4,795) (44,063) (4,795) Total 40,607,934 $ 868,100 $ 3,868,404 $ 37,607,630 $ 4,048,405 $ There are a number of limitations and restrictions contained in the various bond indentures. The City is in compliance with all significant limitations and restrictions.

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-85-
15) SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (continued)
B) Long-Term Liabilities (continued)
Tax Allocation Bonds
The former Redevelopment Agency pledged, as security for bonds issued, a portion of property tax increment revenue that it receives. The bonds issued were to provide financing for various capital projects and to defease previously issued bonds.

Assembly Bill 1X 26 provided that upon dissolution of the Redevelopment Agency, property taxes allocated to former redevelopment agencies no longer are deemed tax increment but rather property tax revenues and will be allocated first to successor agencies to make payments on the indebtedness incurred by the dissolved redevelopment agency.
1998 Tax Allocation Parity Refunding Bonds, Series A
On June 18, 1998, the Yorba Linda Redevelopment Agency issued $17,131,503 in 1998 Tax Allocation Parity Refunding Bonds, Series A, with interest rates ranging from 4.05% to 5.00% to advance refund the remaining $15,890,000 of outstanding 1989 Tax Allocation Bonds with interest rates ranging from 6.750% to 7.125%.

Current interest serial bonds totaling $12,645,000 were payable in amounts ranging from $1,030,000 to $2,025,000 per year on September 1 of each year, commencing September 1, 2002 through September 1, 2009. Capital appreciation serial bonds with an original amount totaling $4,486,503 are due on each September 1, commencing September 1, 2024 through 2028. The outstanding balance, including the accreted value of $12,338718 of the capital appreciation bonds as of June 30, 2023, was $16,825,221.

The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2023, including interest, are as follows:

Fiscal Year
Ending June 30, Principal Interest
2024 - $ - $
2025 996,572 2,978,428
2026 945,335 3,029,665
2027 896,720 3,078,280
2028 845,761 3,129,239
2029-2032 802,115 3,172,885
Total 4,486,503 15,388,497 $
Accretion 12,338,718
$ 16,825,221

City of Yorba Linda
Notes to the Basic Financial Statements
For the Fiscal Year Ended June 30, 2023
-86-
15) SUCCESSOR AGENCY TRUST FOR ASSETS OF FORMER REDEVELOPMENT AGENCY (continued)
B) Long-Term Liabilities (continued)
2017 Tax Allocation Refunding Bonds, Series A (Tax-Exempt) and B (Taxable) On August 24, 2017, the Successor Agency to the Yorba Linda Redevelopment Agency issued $15,070,000 in tax-exempt Tax Allocation Refunding Bonds, Series A, with interest rates ranging from 3.000% to 5.000%, and $12,570,000 in taxable Tax Allocation Refunding Bonds, Series B, with interest rates ranging from 1.500% to

3.625%. These bonds were issued to refund the following obligations of the former Redevelopment Agency:

1. Partial outstanding balance of the 1993 Tax Allocation Bonds - $14,000,000

2. The outstanding balance of the 2005 Tax Allocation Bonds - $11,770,000

3. The outstanding balance of the 2011 Tax Allocation Bonds - $4,206,250 Current interest serial bonds for 2017 Tax Allocation Refunding Bonds Series A totaling $14,965,000 are payable in amounts ranging from $15,000 to $3,275,000 per year on September 1 of each year, commencing on September 1, 2018, through September 1, 2032. A term bond of $105,000 is due September 1, 2028. Current interest serial bonds for 2017 Tax Allocation Refunding Bonds Series B totaling $12,570,000 are payable in amounts ranging from $235,000 to $3,290,000 per year on September 1 each year, commencing on September 1, 2018, through September 1, 2032. The outstanding balance as of June 30, 2023, was $17,030,000.

The annual requirements to amortize the outstanding bond indebtedness as of June 30, 2023, including interest, are as follows:

Fiscal Year
Ending June 30, Principal Interest
2024 3,640,000 $ 556,056 $
2025 390,000 464,281
2026 440,000 452,919
2027 450,000 440,194
2028 450,000 426,794
2029-2032 11,660,000 1,212,047
Total 17,030,000 $ 3,552,291 $
C) Insurance
The Successor Agency is covered under the City of Yorba Linda’s insurance policies.

Therefore, the limitation and self-insured retentions applicable to the City also apply to the Successor Agency.

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REQUIRED SUPPLEMENTARY

INFORMATION

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City of Yorba Linda
Required Supplementary Information
Budgetary Comparison Schedule
General Fund
For the Fiscal Year Ended June 30, 2023
-87-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Taxes 35,020,341 $ 36,610,675 $ 36,662,832 $ 52,157 $
Licenses and permits 1,724,568 2,024,568 2,446,906 422,338 Intergovernmental 264,950 701,420 788,451 87,031
Charges for services 4,216,433 4,790,958 4,940,900 149,942 Investment income 237,000 150,000 631,091 481,091
Fines and forfeitures 60,000 45,000 43,277 (1,723)
Miscellaneous 584,613 858,639 1,268,501 409,862
Total revenues 45,181,260 42,107,905 46,781,958 1,600,698 Expenditures
General government:

Administration 7,544,975 9,016,034 7,930,299 1,085,735
City Attorney 650,000 650,000 593,668 56,332
Finance 1,213,406 1,353,761 1,315,510 38,251
Public safety 13,526,197 14,115,922 13,664,873 451,049
Community development 3,498,914 3,998,808 3,587,102 411,706 Parks and recreation 7,810,411 9,026,437 8,527,887 498,550 Public works 5,665,361 6,499,523 5,996,038 503,485
Capital outlay 392,974 1,120,931 1,310,291 (189,360)
Debt service:

Principal retirement 179,620 - 128,195 (128,195)
Interest - - 654 (654)
Total expenditures 45,781,416 40,481,858 43,054,517 2,726,899 Excess of Revenues over
(under) Expenditures 1,626,047 (600,156) 3,727,441 4,327,597 Other financing sources (uses):

Transfers in 303,250 963,896 776,117 (187,779)
Transfers out (2,013,085) (16,034,127) (3,176,506) 12,857,621 Proceeds on sale of assets and land 10,000 10,000 14,595 4,595 Subscription acquisition - - 481,436 481,436
Total other financing sources (uses) (1,699,835) (15,060,231) (1,904,358) 13,155,873 Net change in fund balance (73,788) (15,660,387) 1,823,083 17,483,470 Fund balance at beginning of fiscal year 42,605,651 42,605,651 42,605,651 - Fund balance at end of fiscal year 42,531,863 $ 26,945,264 $ 44,428,734 $ 17,483,470 $

City of Yorba Linda
Required Supplementary Information
Budgetary Comparison Schedule
Affordable Housing Special Revenue Fund
For the Fiscal Year Ended June 30, 2023
-88-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Investment income 56,000 $ 10,000 $ 749,804 $ 739,804 $ Total revenues 10,000 56,000 749,804 739,804
Expenditures
Community development 58,500 58,500 - 58,500
Total expenditures 58,500 58,500 - 58,500
Excess of Revenues over
(under) Expenditures (2,500) (48,500) 749,804 798,304
Fund balance at beginning of fiscal year 51,338,345 51,338,345 51,338,345 - Fund balance at end of fiscal year 51,335,845 $ 51,289,845 $ 52,088,149 $ 798,304 $

City of Yorba Linda
Required Supplementary Information
Budgetary Comparison Schedule
Miscellaneous Grants Special Revenue Fund
For the Fiscal Year Ended June 30, 2023
-89-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Intergovernmental 4,624,105 $ 13,036,575 $ 148,011 $ (12,888,564) $ Total revenues 13,036,575 4,624,105 148,011 (12,888,564) Other financing sources (uses):

Transfers out (5,329,105) (10,557,577) (1,242,847) 9,314,730 Total other financing sources (uses) (5,329,105) (10,557,577) (1,242,847) 9,314,730 Net change in fund balance (705,000) 2,478,998 (1,094,836) (3,573,834) Fund balance (deficit) at beginning of fiscal year (237,739) (237,739) (237,739) - Fund balance (deficit) at end of fiscal year (942,739) $ 2,241,259 $ (1,332,575) $ (3,573,834) $

City of Yorba Linda
Required Supplementary Information
Budgetary Comparison Schedule
Public Library Special Revenue Fund
For the Fiscal Year Ended June 30, 2023
-90-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Taxes 7,293,382 $ 7,649,830 $ 7,830,776 $ 180,946 $
Intergovernmental - - 20,022 20,022
Charges for services 175,000 140,000 204,899 64,899
Investment income 81,500 20,000 35,574 15,574
Fines and forfeitures 25,000 25,000 42,988 17,988
Miscellaneous - - 617,681 617,681
Total revenues 7,834,830 7,574,882 8,751,940 917,110
Expenditures
Library 5,356,932 5,793,188 5,611,607 181,581
Capital outlay 32,950 114,544 103,253 11,291
Debt service:

Principal retirement 515,000 515,000 570,000 (55,000)
Interest 624,388 624,388 571,638 52,750
Total expenditures 7,047,120 6,529,270 6,856,498 190,622 Excess of Revenues over
(under) Expenditures 1,045,612 787,710 1,895,442 1,107,732 Other financing sources (uses):

Transfers in - - - -
Transfers out - (541,533) (541,533) -
Total other financing sources (uses) - (541,533) (541,533) - Net change in fund balance 1,045,612 246,177 1,353,909 1,107,732 Fund balance at beginning of fiscal year 4,686,170 4,686,170 4,686,170 - Fund balance at end of fiscal year 5,731,782 $ 4,932,347 $ 6,040,079 $ 1,107,732 $

City of Yorba Linda
Required Supplementary Information
Budgetary Comparison Schedule
Landscape Maintenance Assessment District Special Revenue Fund For the Fiscal Year Ended June 30, 2023
-91-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Taxes 8,827,921 $ 9,051,668 $ 9,100,047 $ 48,379 $
Investment income 52,000 40,000 75,165 35,165
Miscellaneous - - 58,866 58,866
Total revenues 9,091,668 8,879,921 9,234,078 142,410
Expenditures
Public works 9,221,942 9,812,433 8,935,834 876,599
Total expenditures 9,812,433 9,221,942 8,935,834 876,599 Excess of Revenues over
(under) Expenditures (342,021) (720,765) 298,244 1,019,009 Other financing sources (uses):

Transfers in 890,085 943,735 976,618 32,883
Transfers out (1,935,830) (1,924,860) (554,046) 1,370,814 Total other financing sources (uses) (1,045,745) (981,125) 422,572 1,403,697 Net change in fund balance (1,387,766) (1,701,890) 720,816 2,422,706 Fund balance at beginning of fiscal year 7,374,705 7,374,705 7,374,705 - Fund balance at end of fiscal year 5,986,939 $ 5,672,815 $ 8,095,521 $ 2,422,706 $

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City of Yorba Linda
Required Supplementary Information (Unaudited)
For the Fiscal Year Ended June 30, 2023
-92-
1) Infrastructure Assets Reported Using the Modified Approach The City’s infrastructure assets are recorded at historical cost in the government-wide financial statements as required by the GASB Statement No. 34. The maintained subsystem of the City’s major infrastructure network is reported under modified approach and is not subject to depreciation under GASB Statement No. 34
The Public Works Department, in conjunction with City Management, is responsible for determining the appropriate condition level at which the assets are to be maintained. The City documents that eligible infrastructure capital assets are being preserved approximately at or above the established and disclosed condition level.

A physical condition assessment of the City’s streets is required by the Orange County Transportation Authority (OCTA) every two years for arterial streets and every six years for residential streets. The City contracts with a consultant to assess the City’s pavement condition every two years in order to comply with this requirement. The consultant’s assessment rates the City’s pavement condition based on a Pavement Condition Index (PCI) scale ranging from zero for a failed pavement to 100 for pavement in perfect condition.

The most recent report dated June 2022, documented a PCI score of 82 for the City’s pavement. The City Management, in consultation with the Public Works Department, has established the OCTA’s standard for receiving competitive grant funding of a PCI of 75 as the condition level against which the City’s current PCI should be measured. With a current PCI score of 82, the City’s pavement is being maintained at or above this condition level.

The table below provides a five-year historical view of the City’s PCI score, estimated preservation costs to maintain the then-current PCI rating, and the actual preservation costs incurred. The lower actual preservation costs as compared to the estimated preservation costs have been sufficient to maintain the City’s pavement at or above the established and disclosed condition level because:

1. Major capital projects are budgeted on an irregular cycle that does not neatly fit into fiscal years;

2. Actual costs can be lower than estimates; and

3. Actual conditions differ from those assumed in the standard pavement assessment methodology.

City of Yorba Linda
Required Supplementary Information (Unaudited)
For the Fiscal Year Ended June 30, 2023
-93-
1) Infrastructure Assets Reported Using the Modified Approach (continued) This is demonstrated by the stable and at times improving PCI ratings over the five-year period shown in the table.

Payment Condition Estimated Actual
Fiscal Year Index (PCI) Rating Preservation Costs Preservation Costs 2018-2019 80 4,800,000 $ 2,800,000 $
2019-2020* 78 4,000,000 3,200,000
2020-2021 78 4,000,000 3,000,000
2021-2022* 79 8,200,000 4,137,389
2022-2023 82 8,200,000 6,650,803
*Denotes years condition assessment was performed.

City of Yorba Linda
Required Supplementary Information (Unaudited)
For the Fiscal Year Ended June 30, 2023
-94-
2) Schedule of Changes in the Net Pension Liability and Related Ratios – Last 10 Years* Measurement Measurement Measurement Measurement
Date Date Date Date
June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 Total Pension Liability
Service cost 2,107,336 $ 1,885,407 $ 1,696,577 $ 1,623,776 $ Interest on total pension liability 5,919,104 5,709,277 5,438,271 5,230,301 Changes in assumptions 2,606,715 - - -
Difference between expected and actual
experience (481,420) 272,016 (252,047) 716,490
Benefit payments, including refunds of
employee contributions (4,020,261) (3,773,449) (3,648,478) (3,811,074) Net change in total pension liability 6,131,474 4,093,251 3,234,323 3,759,493 Total pension liability - beginning 84,615,296 80,522,045 77,287,722 73,528,229 Total pension liability - ending (a) 90,746,770 84,615,296 80,522,045 77,287,722 Plan Fiduciary Net Position
Contributions - employer 2,692,476 2,521,606 2,329,240 2,063,002 Contributions - employee 1,334,623 1,317,894 1,285,901 1,228,098 Net investment income (5,414,116) 13,199,190 2,777,374 3,467,727 Benefit payments, including refunds of
employee contributions (4,020,261) (3,773,449) (3,648,478) (3,811,074) Net plan to plan resource movement - - - -
Administrative expense (44,312) (57,864) (77,902) (37,357) Other miscellaneous income/(expense) - - - 122
Net change in plan fiduciary net position (5,451,590) 13,207,377 2,666,135 2,910,518 Plan fiduciary net position - beginning 71,133,066 57,925,689 55,259,554 52,349,036 Plan fiduciary net position - ending (b) 65,681,476 71,133,066 57,925,689 55,259,554 Plan net pension liability - ending (a) - (b) 25,065,294 $ 13,482,230 $ 22,596,356 $ 22,028,168 $ Plan fiduciary net position as a
percentage of the total pension liability 72.38% 84.07% 71.94% 71.50% Covered payroll 10,785,880 $ 10,892,012 $ 9,973,996 $ 9,336,874 $ Net pension liability as a percentage of
covered payroll 232.39% 123.78% 226.55% 235.93%
* Fiscal year 2015 was the first year of implementation; additional information will be presented as it becomes available. ** Covered payroll is based on pensionable earnings per CalPERS for 2014

City of Yorba Linda
Required Supplementary Information (Unaudited)
For the Fiscal Year Ended June 30, 2023
-95-
2) Schedule of Changes in the Net Pension Liability and Related Ratios – Last 10 Years* (continued)
Measurement Measurement Measurement Measurement Measurement Date Date Date Date Date
June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 June 30, 2014** $ 1,472,818 1,458,002 $ 1,318,758 $ 1,295,229 $ 1,290,965 $ 4,762,222 4,969,509 4,610,554 4,439,809 4,254,542
4,016,681 (313,447) - (1,091,497) -
(618,862) 203,742 (505,685) (236,444) -
(3,089,914) (3,347,753) (3,046,770) (2,971,575) (2,848,785) 6,542,945 2,970,053 2,376,857 1,435,522 2,696,722
64,015,231 70,558,176 61,638,374 60,202,852 57,506,130
70,558,176 73,528,229 64,015,231 61,638,374 60,202,852
1,483,366 1,833,255 1,186,312 1,121,845 1,245,275
1,062,547 1,150,359 979,418 925,172 636,643
4,935,247 4,165,920 222,302 944,792 6,731,502
(3,089,914) (3,347,753) (3,046,770) (2,971,575) (2,848,785) - (122) - - -
(65,616) (75,993) (27,503) - -
- (144,313) - - -
4,325,630 3,581,353 (686,241) 20,234 5,764,635
44,442,053 48,767,683 45,128,294 45,108,060 39,343,425
48,767,683 52,349,036 44,442,053 45,128,294 45,108,060
$ 21,790,493 21,179,193 $ 19,573,178 $ 16,510,080 $ 15,094,792 $

71.20% 69.12% 69.42% 73.21% 74.93%
$ 8,519,800 8,523,335 $ 8,331,278 $ 7,983,907 $ 7,672,440 $ 248.48% 255.76% 234.94% 206.79% 196.74%

City of Yorba Linda
Required Supplementary Information (Unaudited)
For the Fiscal Year Ended June 30, 2023
-96-
2) Schedule of Changes in the Net Pension Liability and Related Ratios – Last 10 Years* (continued)
Notes to Schedule of Changes in the Net Pension Liability and Related Ratios:

Benefit Changes: There were no changes to benefit terms that applied to all members of the Public Agency Pool. Additionally, the figures above do not include any liability impact that may have resulted from Golden Handshakes that occurred after the June 30, 2021 valuation date, unless the liability impact is deemed to be material to the Public Agency Pool.

Changes of Assumptions: Effective with the June 30, 2021 valuation date (2022 measurement date), the accounting discount rate was reduced from 7.15% to 6.90%. In determining the long-term expected rate of return, CalPERS took into account long-term market return expectations as well as the expected pension fund cash flows. Projected returns for all asset classes are estimated, combined with risk estimates, and are used to project compound (geometric) returns over the long term. The discount rate used to discount liabilities was informed by the long-term projected portfolio return. In addition, demographic assumptions and the inflation rate assumption were changed in accordance with the 2021 CalPERS Experience Study and Review of Actuarial Assumptions. There were no assumption changes for 2021. For 2020, the Plan adopted a new amortization policy effective with the 2019 actuarial valuation. The new amortization policy shortens the period over which actuarial gains and losses are amortized from 30 years to 20 years with the payments computed as a level dollar amount. In addition, the new policy does not utilize a five-year ramp-up and ramp-down on UAL bases attributable to assumption changes and non-investment gains/losses. The new policy also does not utilize a five-year ramp-down on investment gains/losses. These changes apply only to new UAL bases established on or after June 30, 2019. There were no changes in assumptions in 2019. In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017. There were no changes in the discount rate in 2019. In 2017, the accounting discount rate was reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes in the discount rate. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate.

City of Yorba Linda
Required Supplementary Information (Unaudited)
For the Fiscal Year Ended June 30, 2023
-97-
3) Schedule of Pension Contributions – Last 10 Years*
Fiscal year ended June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 Actuarially determined contribution 2,716,202 $ 2,412,234 $ 2,270,954 $ 2,001,025 $ Contributions in relation to the
actuarially determined contributions (3,083,164) (2,692,503) (2,329,240) (2,329,240) Contribution deficiency (excess) (366,962) $ (280,269) $ (58,286) $ (328,215) $ Covered payroll 11,564,860 $ 10,785,880 $ 10,892,012 $ 9,973,996 $ Contributions as a percentage of covered
payroll 26.66% 24.96% 21.38% 23.35%
*Fiscal year 2015 was the first year of implementation; additional information will be presented as it becomes available.

City of Yorba Linda
Required Supplementary Information (Unaudited)
For the Fiscal Year Ended June 30, 2023
-98-
3) Schedule of Pension Contributions – Last 10 Years* (continued) June 30, 2019 June 30, 2018 June 30, 2017 June 30, 2016 June 30, 2015 $ 1,417,449 1,706,948 $ 1,268,816 $ 1,186,312 $ 1,121,845 $ (1,833,255) (2,063,002) (1,483,366) (1,186,312) (1,121,845) $ (415,806) (356,054) $ (214,550) $ - $ - $
$ 8,523,335 9,336,874 $ 8,519,800 $ 8,331,278 $ 7,983,907 $

22.10% 21.51% 17.41% 14.24% 14.05%
Notes to Schedule of Pension Contributions
Valuation Date June 30, 2021
Measurement Date June 30, 2022
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 6.90%
Inflation 2.30%
Salary Increase Varies by Entry Age and Service
Mortality Rate Table
Post Retirement Benefit Increase
The mortality table used was developed based on CalPERS-specific data.

The probabilities of mortality are based on the 2021 CalPERS Experience Study for the period from 2001 to 2019. Pre-retirement and Post-retirement mortality rates include generational mortality improvement using 80% of Scale MP-2020 published by the Society of Actuaries.

The lesser of contract COLA or 2.30% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.30% thereafter.

The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2022-23 were from the June 30, 2021 Funding Valuation Report.

City of Yorba Linda
Required Supplementary Information (Unaudited)
For the Fiscal Year Ended June 30, 2023
-99-
4) Schedule of Changes in the Net OPEB Liability and Related Ratios – Last 10 Years* Measurement Measurement Measurement Measurement Measurement Measurement Date Date Date Date Date Date
June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 June 30, 2017 Total OPEB Liability
Service cost 511,612 $ 432,681 $ 514,178 $ 1,041,877 $ 1,616,456 $ 1,559,082 $ Interest on total OPEB liability 1,168,575 1,102,167 1,081,753 1,103,430 1,051,971 879,863 Differences between expected and
actual experience (167,601) (17,234) (738,379) (3,081,922) (2,643,488) - Changes in assumptions 1,867,235 554,630 (1,509,066) (4,249,457) (3,754,316) (3,742,978) Benefit payments, including refunds of
employee contributions (725,445) (697,659) (688,476) (708,272) (701,025) (734,912) Net change in total OPEB liability 2,654,376 1,374,585 (1,339,990) (5,894,344) (4,430,402) (2,038,945) Total OPEB liability - beginning 17,030,082 15,655,497 16,995,487 22,889,831 27,320,233 29,359,178 Total OPEB liability - ending (a) 19,684,458 17,030,082 15,655,497 16,995,487 22,889,831 27,320,233 Plan Fiduciary Net Position
Contributions - employer 995,445 997,659 919,194 942,684 935,437 1,170,145 Net investment income (252,164) 304,626 22,861 57,133 17,983 (1,266) Benefit payments, including refunds of
employee contributions (725,445) (697,659) (688,476) (708,272) (701,025) (935,739) Administrative expense (432) (436) (437) (133) (184) (1) Other - - - - (309) -
Net change in plan fiduciary net position 17,404 604,190 253,142 291,412 251,902 233,139 Plan fiduciary net position - beginning 1,633,785 1,029,595 776,453 485,041 233,139 - Plan fiduciary net position - ending (b) 1,651,189 1,633,785 1,029,595 776,453 485,041 233,139 Net OPEB liability - ending (a) - (b) 18,033,269 $ 15,396,297 $ 14,625,902 $ 16,219,034 $ 22,404,790 $ 27,087,094 $ Plan fiduciary net position as a percentage
of the total OPEB liability 8.39% 9.59% 6.58% 4.57% 2.12% 0.85% Covered payroll 12,224,264 10,892,012 9,973,996 9,336,874 8,523,335 8,519,800 Net OPEB liability as a percentage of
covered payroll 147.52% 141.35% 146.64% 173.71% 262.86% 317.93% *Fiscal year 2018 was the first year of implementation; additional information will be presented as it becomes available.

City of Yorba Linda
Required Supplementary Information (Unaudited)
For the Fiscal Year Ended June 30, 2023
-100-
5) Schedule of OPEB Contributions – Last 10 Years*
Fiscal year ended June 30, 2023 June 30, 2022 June 30, 2021 June 30, 2020 June 30, 2019 June 30, 2018 Actuarially determined contribution 2,383,354 $ 2,290,449 $ 919,194 $ 1,909,606 $ 2,107,584 $ 2,088,038 $ Contributions in relation to the
actuarially determined contributions (1,235,999) (683,193) (599,730) (771,379) (832,398) (1,170,151) Contribution deficiency (excess) 1,147,355 $ 1,607,256 $ 319,464 $ 1,138,227 $ 1,275,186 $ 917,887 $ Covered payroll 11,486,244 $ 12,224,264 $ 10,892,012 $ 9,973,996 $ 9,336,874 $ 8,523,335 $ Contributions as a percentage of
covered payroll 10.76% 5.59% 5.51% 7.73% 8.92% 13.73%
*Fiscal year 2018 was the first year of implementation; additional information will be presented as it becomes available.

Notes to Schedule of OPEB Contributions
Valuation Date January 1, 2022
Measurement Date June 30, 2022
Amortization Method Level Percent of Payroll
Actuarial Cost Method Entry-Age Normal Cost Method
Actuarial Assumptions:

Discount Rate 6.00%
Inflation 2.50%
Projected Salary Increase 0.40% - 8.50%(1)
Investment Rate of Return 7.00%(2)
Mortality Derived using CalPERS' Membership Data for all Funds (1)Depending on age, service and type of employment.
(2)Assumes the City invests in the CERBT under its investment allocation strategy.

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City of Yorba Linda
Notes to Required Supplementary Information (Unaudited) For the Fiscal Year Ended June 30, 2023
-101-
1) BUDGETARY DATA
All financial activities of the General Fund, Special Revenue Funds, Capital Projects Funds, and Debt Service Funds are part of the appropriated budget. Appropriated amounts are as originally adopted or as amended by the City Council throughout the year. The following general procedures are followed in establishing the annual budget:

1. 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.

2. The City Manager may approve additional appropriations up to $25,000 per transaction and may authorize the transfer of budgeted amounts between items, accounts, and programs within the same department. Any increase in total appropriations over $25,000 per transaction or transfer of budgeted amounts between departments or funds must be approved by the City Council.

3. Formal budgetary integration is employed as a management control device during the year. The legal level of budgetary control is at the department level within each fund, with budget transfers between departments or funds requiring approval by the City Council.

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

Budgets are adopted for all governmental fund types, on a basis consistent with the U.S. GAAP, except for the purchases and sales of land that are recognized as expenditures and revenues, respectively. The modified accrual basis of accounting is employed in the preparation of the budget. Budget comparisons are not presented for the Proprietary, Agency, and Trust Funds, as the City is not legally required to adopt a budget for these fund types.

5. At fiscal year-end operating budget appropriations lapse, however, incomplete capital improvement project appropriations within Capital Projects Funds, appropriations related to outstanding encumbrances, and authorized non-capital appropriations can be carried over to the following fiscal year with approval of the City Council.

City of Yorba Linda
Notes to Required Supplementary Information (Unaudited) For the Fiscal Year Ended June 30, 2023
-102-
2) EXCESS OF APPROPRIATIONS
The following major funds have expenditures in excess of the appropriations:

Excess Of
Final Budgeted Actual Expenditures Over
Expenditures Expenditures Budgeted Amounts
Major fund:

General Fund
Capital outlay 1,120,931 $ 1,310,291 $ (189,360) $
Debt service
Principal retirement - 128,195 (128,195)
Interest - 654 (654)
Public Library
Debt service
Principal retirement 515,000 570,000 (55,000)

OTHER SUPPLEMENTARY

INFORMATION

THIS PAGE INTENTIONALLY LEFT BLANK

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Capital Improvements Capital Projects Fund
For the Fiscal Year Ended June 30, 2023
-103-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Expenditures
Capital outlay 11,752,937 $ 47,744,285 $ 14,203,311 $ 33,540,974 $ Total expenditures 47,744,285 11,752,937 14,203,311 33,540,974 Excess of Revenues over
(under) Expenditures (11,752,937) (47,744,285) (14,203,311) 33,540,974 Other financing sources (uses):

Transfers in 17,056,147 48,391,472 14,203,311 (34,188,161) Total other financing sources (uses) 17,056,147 48,391,472 14,203,311 (34,188,161) Net change in fund balance 5,303,210 647,187 - (647,187) Fund balance at beginning of fiscal year - - - -
Fund balance at end of fiscal year 5,303,210 $ 647,187 $ - $ (647,187) $

City of Yorba Linda
Description of Nonmajor Funds
For the Fiscal Year Ended June 30, 2023
-104-
Special Revenue Funds
The Special Revenue funds account for the proceeds of specific revenue sources that are legally restricted to expenditures for particular purposes.

Gas Tax Fund – To account for the City’s share of State gas tax revenues. The tax allocations are expended on street maintenance and street construction.

Traffic Safety Fund – To account for revenues generated from enforcement of the California Vehicle Code and City ordinances. These funds may only be used for traffic signals, school crossing guards and other related traffic safety expenditures.

CDBG Grant Fund – To account for Housing and Community Development Act revenues and expenditures for social services, neighborhood and commercial improvement projects, and program administration.

Citizens Option Public Safety Fund – To account for the revenues allocated by the State for enhanced levels of law enforcement.

AQMD Fund – To account for the revenues allocated by the Southern California Air Quality Management District (SCAQMD) and restricted for expenditures that improve local area air quality.

Measure M2 Fund – To account for county transportation tax revenues for street projects within the City.

SB-2 Fund – To account for the City’s allocation of funds from California Senate Bill 2, which are utilized for homeless outreach and shelter services. There was no legally adopted budget for this fund for the fiscal year ending June 30, 2022.

American Rescue Plan Act (ARPA) Fund – To track the activities of the funding provided by the U.S. Department of Treasury under Coronavirus State and Local Fiscal Recovery Funds program.

Mortgage Assistance Program Fund – To account for financial resources segregated to help low- and moderate-income people purchase their first home.

PEG Fund – To account for franchise fees collected from cable television providers that are required to be used for capital expenditures related to the City’s public, educational, and government access television channels.

Road Maintenance and Rehabilitation Account Fund – To account for the City’s share of funds used to address basic road maintenance, rehabilitation and critical safety needs on local streets, which is funded through a per gallon fuel tax and vehicle registration fees.

City of Yorba Linda
Description of Nonmajor Funds
For the Fiscal Year Ended June 30, 2023
-105-
Capital Projects Funds
The Capital Projects funds are used to account for the acquisition and construction of various capital improvements and equipment for the City.

Parking In-Lieu Fund – To account for fees received from developers and businesses operating in the City’s Town Center to purchase parking allocations in the City’s parking structure in lieu of providing onsite parking as required for their development or business proposal. Funds collected following the construction of the parking structure will be utilized for future public parking improvements in the Town Center. The city did not adopt a budget for the Parking In-Lieu Fund.

Park In-Lieu Fund – To account for development impact fees used for the acquisition of parklands and the construction of park and recreation facilities.

Lighting and Signal Project Improvements Fund – To account for a portion of funds received in the lighting and traffic signal zones of the Landscape Maintenance Assessment District that have been allocated to street lighting and traffic signal capital projects.

Master Plan of Drainage Fund – To account for development impact fees used for the construction of major drainage improvements within the City.

Traffic Signal Improvements Fund – To account for development impact fees used for the construction of major street and traffic signal improvements within the City.

City of Yorba Linda
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023
-106-

Traffic CDBG
Gas Tax Safety Grant
Assets:

Pooled cash and investments 4,141,045 $ - $ - $
Receivables:

Accounts - - -
Accrued interest 11,755 - -
Advances to other funds - - -
Due from other governments 151,425 6,935 341,104
Total assets $ 6,935 4,304,225 $ 341,104 $
Liabilities and fund balances
Liabilities:

Accounts payable - $ - $ 15,250 $
Due to other funds - 6,935 325,854
Total liabilities 6,935 - 341,104
Deferred inflows of resources:

Unavailable revenues - - 150,000
Total deferred inflows of resources - - 150,000
Fund balances:

Restricted for:

General government - - -
Parks and recreation - - -
Public works 4,304,225 - -
Low and moderate housing - - -
Unassigned (deficit) - - (150,000)
Total fund balances - 4,304,225 (150,000)
Total liabilities and fund balances (deficit) $ 6,935 4,304,225 $ 341,104 $ Special Revenue Funds

City of Yorba Linda
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023 (continued)
-107-
Citizens
Option Public Measure
Safety AQMD M2 SB-2 ARPA
$ 1,173,394 - $ 3,231,795 $ 153,372 $ - $
- - - - -
4,394 - 13,839 - -
- - - - -
22,423 - 231,680 - -
$ 1,200,211 - $ 3,477,314 $ 153,372 $ - $
$ 519,822 - $ - $ - $ - $
- - - - -
519,822 - - - -
- - - - -
- - - - -
- - - - -
- - - - -
680,389 - 3,477,314 153,372 -
- - - - -
- - - - -
680,389 - 3,477,314 153,372 -
$ 1,200,211 - $ 3,477,314 $ 153,372 $ - $
Special Revenue Funds

City of Yorba Linda
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023 (continued)
-108-
Mortgage Road Maintenance
Assistance and Rehabilitation
Program PEG Account
Assets:

Pooled cash and investments 81,068 $ 292,972 $ - $
Receivables:

Accounts - 33,719 -
Accrued interest 1,100 522 2,946
Advances to other funds - - -
Due from other governments - - 266,299
Total assets $ 327,213 82,168 $ 269,245 $
Liabilities and fund balances
Liabilities:

Accounts payable - $ 3,911 $ - $
Due to other funds - - 156,611
Total liabilities 3,911 - 156,611
Deferred inflows of resources:

Unavailable revenues - - -
Total deferred inflows of resources - - -
Fund balances:

Restricted for:

General government - 323,302 -
Parks and recreation - - -
Public works - - 112,634
Low and moderate housing 82,168 - -
Unassigned (deficit) - - -
Total fund balances 323,302 82,168 112,634
Total liabilities and fund balances (deficit) $ 327,213 82,168 $ 269,245 $ Special Revenue Funds

City of Yorba Linda
Combining Balance Sheet
Nonmajor Governmental Funds
June 30, 2023 (continued)
-109-
Total
Lighting and Traffic Nonmajor
Parking Park Signal Project Master Plan Signal Governmental In-Lieu In-Lieu Improvements of Drainage Improvements Funds $ 1,080,584 27,703 $ 1,136,404 $ 5,974,304 $ 1,585,207 $ 18,877,848 $ - - - - - 33,719
4,625 - 1,504 27,939 5,404 74,028
- - - 1,300,000 - 1,300,000
- - - - - 1,019,866
$ 1,085,209 27,703 $ 1,137,908 $ 7,302,243 $ 1,590,611 $ 21,305,461 $ $ - 516 $ - $ - $ - $ 539,499 $
- - - - - 489,400
- 516 - - - 1,028,899
- - - - - 150,000
- - - - - 150,000
- - - - - 323,302
1,085,209 - - - - 1,085,209
- 27,187 1,137,908 7,302,243 1,590,611 18,785,883
- - - - - 82,168
- - - - - (150,000)
1,085,209 27,187 1,137,908 7,302,243 1,590,611 20,126,562 $ 1,085,209 27,703 $ 1,137,908 $ 7,302,243 $ 1,590,611 $ 21,305,461 $ Capital Projects Funds

City of Yorba Linda
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds
Fiscal Year Ended June 30, 2023
-110-
Traffic CDBG
Gas Tax Safety Grant
Revenues:

Taxes - $ - $ - $
Intergovernmental 1,726,397 - 319,945
Investment income 43,203 - -
Fines and forfeitures - 55,401 -
Developer participation - - -
Total revenues 55,401 1,769,600 319,945
Expenditures:

Current:

General government - - -
Community development - - 391,900
Capital outlay - net current - - -
Total expenditures - - 391,900
Excess (deficiency) of revenues
over (under) expenditures 1,769,600 55,401 (71,955)
Other financing sources (uses):

Transfers in - - -
Transfers out (1,940,306) (55,401) (78,045)
Total other financing sources (uses) (55,401) (1,940,306) (78,045) Net change in fund balances (170,706) - (150,000)
Fund balances (deficit) at beginning of fiscal year 4,474,931 - - Fund balances (deficit) at end of fiscal year $ - 4,304,225 $ (150,000) $ Special Revenue Funds

City of Yorba Linda
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds
Fiscal Year Ended June 30, 2023 (continued)
-111-
Citizens
Option Public Measure
Safety AQMD M2 SB-2 ARPA
$ - - $ - $ - $ - $
88,751 171,682 1,412,867 347,795 2,700,000
12,879 - 29,458 - 32,686
- - - - -
- - - - -
101,630 171,682 1,442,325 347,795 2,732,686
- - - 101,537 -
- - - - -
519,822 - - - -
519,822 - - 101,537 -
(418,192) 171,682 1,442,325 246,258 2,732,686
- - - - -
- (171,682) (1,351,395) - (2,732,686)
- (171,682) (1,351,395) - (2,732,686)
(418,192) - 90,930 246,258 -
1,098,581 - 3,386,384 (92,886) -
$ 680,389 - $ 3,477,314 $ 153,372 $ - $
Special Revenue Funds

City of Yorba Linda
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds
Fiscal Year Ended June 30, 2023 (continued)
-112-
Mortgage Road Maintenance
Assistance and Rehabilitation
Program PEG Account
Revenues:

Taxes - $ 138,814 $ - $
Intergovernmental - - 1,519,711
Investment income 1,101 902 (9,343)
Fines and forfeitures - - -
Developer participation - - -
Total revenues 139,716 1,101 1,510,368
Expenditures:

Current:

General government - 48,034 -
Community development - - -
Capital outlay - net current - - -
Total expenditures 48,034 - -
Excess (deficiency) of revenues
over (under) expenditures 1,101 91,682 1,510,368
Other financing sources (uses):

Transfers in - - -
Transfers out - - (2,453,726)
Total other financing sources (uses) - - (2,453,726)
Net change in fund balances 1,101 91,682 (943,358)
Fund balances (deficit) at beginning of fiscal year 81,067 231,620 1,055,992 Fund balances (deficit) at end of fiscal year $ 323,302 82,168 $ 112,634 $ Special Revenue Funds

City of Yorba Linda
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances Nonmajor Governmental Funds
Fiscal Year Ended June 30, 2023 (continued)
-113-
Total
Lighting and Traffic Nonmajor
Parking Park Signal Project Master Plan Signal Governmental In-Lieu In-Lieu Improvements of Drainage Improvements Funds $ - - $ - $ - $ - $ 138,814 $
- - - - - 8,287,148
84,184 376 10,182 60,811 22,914 289,353
- - - - - 55,401
398,568 - - 435,566 45,226 879,360
482,752 376 10,182 496,377 68,140 9,650,076
- - - - - 149,571
- - - - - 391,900
- - - - 1,396 521,218
- - - - 1,396 1,062,689
482,752 376 10,182 496,377 66,744 8,587,387
- - 101,605 - - 101,605
(1,416,233) - (27,489) (260,593) (55,163) (10,542,719)
(1,416,233) - 74,116 (260,593) (55,163) (10,441,114)
(933,481) 376 84,298 235,784 11,581 (1,853,727)
2,018,690 26,811 1,053,610 7,066,459 1,579,030 21,980,289 $ 1,085,209 27,187 $ 1,137,908 $ 7,302,243 $ 1,590,611 $ 20,126,562 $ Capital Projects Funds

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Gas Tax Special Revenue Fund
Fiscal Year Ended June 30, 2023
-114-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Intergovernmental 1,692,600 $ 1,876,533 $ 1,726,397 $ (150,136) $ Investment income 33,000 30,000 43,203 13,203
Total revenues 1,906,533 1,725,600 1,769,600 (136,933)
Other financing sources (uses)
Transfers out (4,274,114) (6,385,015) (1,940,306) 4,444,709 Total other financing sources (uses) (6,385,015) (4,274,114) (1,940,306) 4,444,709 Net change in fund balance (2,548,514) (4,478,482) (170,706) 4,307,776 Fund balance at beginning of fiscal year 4,474,931 4,474,931 4,474,931 - Fund balance at end of fiscal year 1,926,417 $ (3,551) $ 4,304,225 $ 4,307,776 $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Traffic Safety Special Revenue Fund
Fiscal Year Ended June 30, 2023
-115-
Variance with
Final Budget
Original and Actual Positive
Final Budget Amounts (Negative)
Revenues
Fines and forfeitures 70,000 $ 55,401 $ (14,599) $
Total revenues 55,401 70,000 (14,599)
Other financing sources (uses)
Transfers out (70,000) (55,401) 14,599
Total other financing sources (uses) (55,401) (70,000) 14,599 Net change in fund balance - - -
Fund balance at beginning of fiscal year - - -
Fund balance at end of fiscal year - $ - $ - $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual CDBG Grant Special Revenue Fund
Fiscal Year Ended June 30, 2023
-116-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Intergovernmental 260,000 $ 486,575 $ 319,945 $ (166,630) $ Total revenues 486,575 260,000 319,945 (166,630)
Expenditures
Community development 258,530 433,003 391,900 41,103
Total expenditures 433,003 258,530 391,900 41,103
Excess (Deficiency) of Revenues
over (under) Expenditures 1,470 53,572 (71,955) (125,527) Other financing sources (uses)
Transfers out - (78,045) (78,045) -
Total other financing sources (uses) (78,045) - (78,045) - Net change in fund balance 1,470 (24,473) (150,000) (125,527) Fund balance at beginning of fiscal year - - - -
Fund balance at end of fiscal year 1,470 $ (24,473) $ (150,000) $ (125,527) $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Citizens Option for Public Safety Special Revenue Fund
Fiscal Year Ended June 30, 2023
-117-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Intergovernmental 170,000 $ 170,000 $ 171,682 $ 1,682 $ Investment income 750 750 - (750)
Total revenues 170,750 170,750 171,682 932
Other financing sources (uses)
Transfers out (170,750) (171,682) (171,682) -
Total other financing sources (uses) (171,682) (170,750) (171,682) - Net change in fund balance - (932) - 932
Fund balance at beginning of fiscal year - - - -
Fund balance at end of fiscal year - $ (932) $ - $ 932 $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual AQMD Special Revenue Fund
Fiscal Year Ended June 30, 2023
-118-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Intergovernmental 85,000 $ 85,000 $ 88,751 $ 3,751 $
Investment income 7,300 7,500 12,879 5,379
Total revenues 92,500 92,300 101,630 9,130
Expenditures
Capital outlay - 519,822 519,822 -
Total expenditures 519,822 - 519,822 -
Excess (Deficiency) of Revenues
over (under) Expenditures 92,300 (427,322) (418,192) 9,130 Fund balance at beginning of fiscal year 1,098,581 1,098,581 1,098,581 - Fund balance at end of fiscal year 1,190,881 $ 671,259 $ 680,389 $ 9,130 $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Measure M2 Special Revenue Fund
Fiscal Year Ended June 30, 2023
-119-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Intergovernmental 1,051,693 $ 1,051,693 $ 1,412,867 $ 361,174 $ Investment income 24,000 25,000 29,458 4,458
Total revenues 1,076,693 1,075,693 1,442,325 365,632
Other financing sources (uses)
Transfers out (2,043,098) (4,453,380) (1,351,395) 3,101,985 Total other financing sources (uses) (4,453,380) (2,043,098) (1,351,395) 3,101,985 Net change in fund balance (967,405) (3,376,687) 90,930 3,467,617 Fund balance at beginning of fiscal year 3,386,384 3,386,384 3,386,384 - Fund balance at end of fiscal year 2,418,979 $ 9,697 $ 3,477,314 $ 3,467,617 $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual SB-2 Special Revenue Fund
Fiscal Year Ended June 30, 2023
-120-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Intergovernmental - $ 347,795 $ 347,795 $ - $
Total revenues 347,795 - 347,795 -
Expenditures
General government - 145,088 101,537 43,551
Total expenditures 145,088 - 101,537 43,551
Net change in fund balance - 202,707 246,258 43,551
Fund balance at beginning of fiscal year (92,886) (92,886) (92,886) - Fund balance at end of fiscal year (92,886) $ 109,821 $ 153,372 $ 43,551 $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual ARPA Special Revenue Fund
Fiscal Year Ended June 30, 2023
-121-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Intergovernmental - $ - $ 2,700,000 $ 2,700,000 $
Investment income - 20,000 32,686 12,686
Total revenues 20,000 - 2,732,686 2,712,686
Other financing sources (uses):

Transfers out - (2,732,686) (2,732,686) -
Total other financing sources (uses) - (2,732,686) (2,732,686) - Net change in fund balance - (2,712,686) - 2,712,686
Fund balance at beginning of fiscal year - - - -
Fund balance at end of fiscal year - $ (2,712,686) $ - $ 2,712,686 $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Mortgage Assistance Program Special Revenue Fund
Fiscal Year Ended June 30, 2023
-122-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Investment income 1,700 $ 2,500 $ 1,101 $ (1,399) $
Total revenues 2,500 1,700 1,101 (1,399)
Expenditures
Total expenditures - - - -
Excess (Deficiency) of Revenues over
(under) Expenditures 1,700 2,500 1,101 (1,399)
Net change in fund balance 1,700 2,500 1,101 (1,399)
Fund balance at beginning of fiscal year 81,067 81,067 81,067 - Fund balance at end of fiscal year 82,767 $ 83,567 $ 82,168 $ (1,399) $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual PEG Special Revenue Fund
Fiscal Year Ended June 30, 2023
-123-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Taxes 145,500 $ 145,500 $ 138,814 $ (6,686) $
Investment income 2,900 2,500 902 (1,598)
Total revenues 148,000 148,400 139,716 (8,284)
Expenditures
General government 70,800 102,910 48,034 54,876
Total expenditures 102,910 70,800 48,034 54,876
Net change in fund balance 77,600 45,090 91,682 46,592
Fund balance at beginning of fiscal year 231,620 231,620 231,620 - Fund balance at end of fiscal year 309,220 $ 276,710 $ 323,302 $ 46,592 $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Road Maintenance and Rehabilitation Special Revenue Fund Fiscal Year Ended June 30, 2023
-124-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Intergovernmental 1,369,695 $ 1,502,390 $ 1,519,711 $ 17,321 $ Investment income 7,100 7,500 (9,343) (16,843)
Total revenues 1,509,890 1,376,795 1,510,368 478
Other financing sources (uses)
Transfers out (1,342,838) (2,555,453) (2,453,726) 101,727 Total other financing sources (uses) (2,555,453) (1,342,838) (2,453,726) 101,727 Net change in fund balance 33,957 (1,045,563) (943,358) 102,205 Fund balance at beginning of fiscal year 1,055,992 1,055,992 1,055,992 - Fund balance at end of fiscal year 1,089,949 $ 10,429 $ 112,634 $ 102,205 $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Park In-Lieu Capital Projects Fund
Fiscal Year Ended June 30, 2023
-125-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Investment income 42,000 $ 40,000 $ 84,184 $ 44,184 $
Developer participation - - 398,568 398,568
Total revenues 40,000 42,000 482,752 442,752
Other financing sources (uses)
Transfers out - (1,416,233) (1,416,233) -
Total other financing sources (uses) (1,416,233) - (1,416,233) - Net change in fund balance 42,000 (1,376,233) (933,481) 442,752 Fund balance at beginning of fiscal year 2,018,690 2,018,690 2,018,690 - Fund balance at end of fiscal year 2,060,690 $ 642,457 $ 1,085,209 $ 442,752 $

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City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Lighting and Signal Project Improvements Capital Projects Fund Fiscal Year Ended June 30, 2023
-126-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Investment income 5,500 $ 5,000 $ 10,182 $ 5,182 $
Total revenues 5,000 5,500 10,182 5,182
Other financing sources (uses)
Transfers in - - 101,605 101,605
Transfers out (362,235) (655,257) (27,489) (627,768)
Total other financing sources (uses) (655,257) (362,235) 74,116 729,373 Net change in fund balance (356,735) (650,257) 84,298 734,555 Fund balance at beginning of fiscal year 1,053,610 1,053,610 1,053,610 - Fund balance at end of fiscal year 696,875 $ 403,353 $ 1,137,908 $ 734,555 $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Master Plan of Drainage Capital Projects Fund
Fiscal Year Ended June 30, 2023
-127-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Investment income 37,000 $ 35,000 $ 60,811 $ 25,811 $
Developer participation - - 435,566 435,566
Total revenues 35,000 37,000 496,377 461,377
Other financing sources (uses)
Transfers out (531,607) (1,874,579) (260,593) 1,613,986 Total other financing sources (uses) (1,874,579) (531,607) (260,593) 1,613,986 Net change in fund balance (494,607) (1,839,579) 235,784 2,075,363 Fund balance at beginning of fiscal year 7,066,459 7,066,459 7,066,459 - Fund balance at end of fiscal year 6,571,852 $ 5,226,880 $ 7,302,243 $ 2,075,363 $

City of Yorba Linda
Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget and Actual Traffic Signal Improvements Capital Projects Fund
Fiscal Year Ended June 30, 2023
-128-
Variance with
Final Budget
Budgeted Amount Actual Positive
Original Final Amounts (Negative)
Revenues
Investment income 15,100 $ 10,000 $ 22,914 $ 12,914 $
Developer participation - - 45,226 45,226
Total revenues 10,000 15,100 68,140 58,140
Expenditures
Capital outlay - 4,453 1,396 3,057
Total expenditures 4,453 - 1,396 3,057
Excess (Deficiency) of Revenues
over (under) Expenditures 15,100 5,547 66,744 61,197
Other financing sources (uses)
Transfers out (176,820) (848,676) (55,163) 793,513
Total other financing sources (uses) (848,676) (176,820) (55,163) 793,513 Net change in fund balance (161,720) (843,129) 11,581 854,710 Fund balance at beginning of fiscal year 1,579,030 1,579,030 1,579,030 - Fund balance at end of fiscal year 1,417,310 $ 735,901 $ 1,590,611 $ 854,710 $

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STATISICAL SECTION

City of Yorba Linda
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
-129-
2014 2015 2016 2017 2018
Governmental activities
Net investment in capital assets 368,711,483 $ 369,642,916 $ 375,388,766 $ 376,813,472 $ 393,042,394 $ Restricted 73,066,968 78,795,131 84,293,217 88,147,090 89,319,318 Unrestricted (deficit) 46,198,664 31,529,685 28,716,148 30,924,813 2,056,587 Total governmental activities net position 487,977,115 479,967,732 488,398,131 495,885,375 484,418,299 Business-type activities:

Net investment in capital assets 7,567,000 6,425,228 5,780,632 25,162,397 24,442,477 Unrestricted (deficit) (5,563,647) (5,045,542) (3,721,769) (23,363,950) (22,918,767) Total business-type activities net assets 2,003,353 1,379,686 2,058,863 1,798,447 1,523,710 Primary Government:

Net investment in capital assets 376,278,483 376,068,144 381,169,398 401,975,869 417,484,871 Restricted 73,066,968 78,795,131 84,293,217 88,147,090 89,319,318 Unrestricted (deficit) 40,635,017 26,484,143 24,994,379 7,560,863 (20,862,180) Total primary government net assets 489,980,468 $ 481,347,418 $ 490,456,994 $ 497,683,822 $ 485,942,009 $ Source: City of Yorba Linda, Finance Department
Fiscal Year

City of Yorba Linda
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting) (continued)
-130-
2019 2020 2021 2022 2023
Governmental activities
Net investment in capital assets 380,956,770 $ 404,615,432 $ 424,485,221 $ 437,983,501 $ 441,460,964 $ Restricted 108,594,404 95,479,106 87,730,127 85,472,395 86,500,311 Unrestricted (deficit) 9,383,520 (8,718,665) (5,602,336) 3,052,522 6,537,745 Total governmental activities net position 498,934,694 491,375,873 506,613,012 526,508,418 534,499,020 Business-type activities:

Net investment in capital assets 23,846,232 23,323,238 23,039,783 21,676,512 22,430,867 Unrestricted (deficit) (22,995,261) (2,543,666) (2,376,682) (1,170,490) (1,527,797) Total business-type activities net assets 850,971 20,779,572 20,663,101 20,506,022 20,903,070 Primary Government:

Net investment in capital assets 404,803,002 427,938,670 447,525,004 459,660,013 463,891,831 Restricted 108,594,404 95,479,106 87,730,127 85,472,395 86,500,311 Unrestricted (deficit) (13,611,741) (11,262,331) (7,979,018) 1,882,032 5,009,948 Total primary government net assets 499,785,665 $ 512,155,445 $ 527,276,113 $ 547,014,440 $ 555,402,090 $ Source: City of Yorba Linda, Finance Department
Fiscal Year

City of Yorba Linda
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
-131-
2014 2015 2016 2017 2018
Expenses
Governmental activities:

General government 9,882,765 $ 9,589,107 $ 11,181,226 $ 10,794,754 $ 8,604,233 $ Public safety 10,819,766 9,625,078 10,194,206 10,751,963 11,691,912 Community development 4,248,543 3,301,567 3,307,460 3,076,508 9,363,144 Recreation and community services 5,891,506 6,893,996 6,829,957 7,401,076 7,535,284 Library - - - - 3,967,009
Public works 14,978,073 14,666,439 13,659,070 22,728,098 11,202,747 Interest on long-term debt - - - - -
Total governmental activites expenses 45,820,653 44,076,187 45,171,919 54,752,399 52,364,329 Business-type activities:

Golf Course 6,395,656 6,105,749 5,692,893 6,043,094 6,092,497 Disposal 5,188,805 3,889,115 - - -
Yorba Linda Center Catering 156,894 176,712 174,854 179,229 220,618 Total business-type activities expenses 11,741,355 10,171,576 5,867,747 6,222,323 6,313,115 Total primary government expenses 57,562,008 54,247,763 51,039,666 60,974,722 58,677,444 Program Revenues
Governmental activities:

Charges for services
General government 826,650 838,008 975,797 1,053,695 1,127,014 Public safety 142,843 134,503 128,051 130,010 838
Community development 2,042,831 2,786,159 2,284,965 2,444,166 516,178 Recreation and community services 2,070,339 3,165,573 2,853,198 3,040,194 1,838,992 Library - - - - 110,951
Public works 306,689 660,693 1,573,551 349,656 189,317
Operating grants and contributions 3,144,728 2,471,970 1,850,120 1,972,296 3,938,022 Capital grants and contributions 8,301,311 4,451,347 3,687,861 4,917,936 3,011,719 Total governmental activites program revenues 16,835,391 14,508,253 13,353,543 13,907,953 10,733,031 Business-type activities:

Charges for services:

Golf Course 5,799,564 5,886,365 5,811,759 5,779,197 5,824,698 Refuse 5,332,477 3,956,222 - - -
Yorba Linda Center Catering 101,816 133,888 184,185 170,462 209,615 Total business-type activities program revenues 11,233,857 9,976,475 5,995,944 5,949,659 6,034,313 Total primary government program revenues 28,069,248 24,484,728 19,349,487 19,857,612 16,767,344 Net (expense)/revenue
Governmental activities (28,985,262) (29,567,934) (31,818,376) (40,844,446) (41,631,298) Business-type activities (507,498) (195,101) 128,197 (272,664) (278,802) Total net revenues (expenses) (29,492,760) (29,763,035) (31,690,179) (41,117,110) (41,910,100) Fiscal Year

City of Yorba Linda
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting) (continued)
-132-
2019 2020 2021 2022 2023
Expenses
Governmental activities:

General government 7,182,245 $ 7,850,800 $ 9,360,113 $ 10,455,564 $ 11,631,484 $ Public safety 11,839,819 12,455,656 11,755,722 13,188,544 13,731,482 Community development 2,864,767 3,329,740 2,705,644 3,412,017 3,847,863 Recreation and community services 7,431,280 6,762,170 6,623,647 11,422,317 17,569,992 Library 4,746,418 5,262,202 4,780,791 5,169,332 5,433,637 Public works 21,174,891 19,646,992 14,300,587 14,175,743 16,052,471 Interest on long-term debt - - 108,271 277,954 573,477
Total governmental activites expenses 55,239,420 55,307,560 49,634,775 58,101,471 68,840,406 Business-type activities:

Golf Course 6,709,630 6,298,218 6,695,753 9,262,348 9,149,857 Disposal - - - - -
Yorba Linda Center Catering 200,518 - - - -
Total business-type activities expenses 6,910,148 6,298,218 6,695,753 9,262,348 9,149,857 Total primary government expenses 62,149,568 61,605,778 56,330,528 67,363,819 77,990,263 Program Revenues
Governmental activities:

Charges for services
General government 1,479,021 4,399 10,769 - 8,063,303
Public safety - 40,733 56,807 90,709 98,679
Community development 55,380 1,643,000 2,007,274 2,600,154 2,571,587 Recreation and community services 1,835,129 1,149,503 1,065,415 2,441,850 2,643,357 Library 130,000 90,262 15,390 176,212 247,887
Public works 329,930 221,495 304,666 346,179 358,196
Operating grants and contributions 3,923,715 5,136,854 3,474,747 5,361,712 7,655,338 Capital grants and contributions 12,158,579 7,025,870 5,418,821 6,921,650 5,775,097 Total governmental activites program revenues 19,911,754 15,312,116 12,353,889 17,938,466 27,413,444 Business-type activities:

Charges for services:

Golf Course 6,042,347 5,455,174 6,526,689 9,138,075 9,512,853 Refuse - - - - -
Yorba Linda Center Catering 195,062 - - - -
Total business-type activities program revenues 6,237,409 5,455,174 6,526,689 9,138,075 9,512,853 Total primary government program revenues 26,149,163 20,767,290 18,880,578 27,076,541 36,926,297 Net (expense)/revenue
Governmental activities (35,327,666) (39,995,444) (37,280,886) (40,163,005) (41,426,962) Business-type activities (672,739) (843,044) (169,064) (124,273) 362,996 Total net revenues (expenses) (36,000,405) (40,838,488) (37,449,950) (40,287,278) (41,063,966) Fiscal Year

City of Yorba Linda
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting) (continued)
-133-
2014 2015 2016 2017 2018
General Revenues and Other Changes in Net Position
Governmental activities:

Property taxes 19,463,202 $ 20,803,253 $ 22,256,451 $ 23,301,893 $ 24,724,246 $ Sales taxes 6,108,523 6,515,766 7,215,608 7,666,640 7,426,486 Franchise taxes 2,086,354 2,239,149 2,271,901 1,949,679 2,101,241 Transient occupancy taxes 434,583 442,656 488,437 482,652 487,217 Business licenses taxes 433,511 378,306 395,184 418,008 385,676 Other taxes 6,810,919 6,903,837 6,995,040 7,340,671 8,392,701 Motor vehicle in lieu, unrestricted 29,389 28,389 27,323 30,300 35,736 Investment income 699,314 577,480 559,845 562,730 5,448,994 Other 854,614 411,483 172,973 394,295 880,542
Gain on sale of capital assets - - - 294,375 14,257
Transfers - - (550,980) (12,248) -
Total governmental activities 36,920,409 38,300,319 39,831,782 42,428,995 49,897,096 Business-type activities:

Investment income 248 681 - - -
Transfers - - 550,980 12,248 -
Gain on sale of capital assets - - - - 4,065
Total business-type activities 248 681 550,980 12,248 4,065 Total primary government 36,920,657 38,301,000 40,382,762 42,441,243 49,901,161 Changes in Net Position
Governmental activities 7,935,147 8,732,385 8,013,406 1,584,549 8,265,798 Business-type activities (507,250) (194,420) 679,177 (260,416) (274,737) Total primary government 7,427,897 $ 8,537,965 $ 8,692,583 $ 1,324,133 $ 7,991,061 $ Note: * In fiscal year 2017-2018 the City began reporting library services separarately from General Govenrment.

Source: City of Yorba Linda, Finance Department
Fiscal Year

City of Yorba Linda
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting) (continued)
-134-
2019 2020 2021 2022 2023
General Revenues and Other Changes in Net Position
Governmental activities:

Property taxes 26,867,452 $ 27,909,436 $ 29,540,612 $ 30,699,489 $ 32,870,894 $ Sales taxes 7,461,391 7,531,434 7,595,867 8,936,655 8,765,991 Franchise taxes 2,093,989 2,102,927 2,172,656 2,265,614 2,517,208 Transient occupancy taxes 498,253 390,641 311,017 497,046 541,747 Business licenses taxes 416,275 518,592 487,243 385,104 426,601 Other taxes 7,601,071 7,542,323 8,010,697 8,612,318 546,726 Motor vehicle in lieu, unrestricted 33,178 54,378 50,350 81,515 77,281 Investment income 3,414,409 3,799,085 718,564 (1,594,916) 1,780,988 Other 511,547 252,809 267,470 225,159 1,875,533
Gain on sale of capital assets 10,759 3,106,643 3,363,548 9,950,427 14,595 Transfers - (20,771,645) - - -
Total governmental activities 48,908,324 32,436,623 52,518,024 60,058,411 49,417,564 Business-type activities:

Investment income - - 43,292 (32,806) 11,732
Transfers - 20,771,645 - - -
Gain on sale of capital assets - - 9,301 - 22,320
Total business-type activities - 20,771,645 52,593 (32,806) 34,052 Total primary government 48,908,324 53,208,268 52,570,617 60,025,605 49,451,616 Changes in Net Position
Governmental activities 13,580,658 (7,558,821) 15,237,139 19,895,406 7,990,602 Business-type activities (672,739) 19,928,601 (116,471) (157,079) 397,048 Total primary government 12,907,919 $ 12,369,780 $ 15,120,668 $ 19,738,327 $ 8,387,650 $ Note: * In fiscal year 2017-2018 the City began reporting library services separarately from General Govenrment.

Source: City of Yorba Linda, Finance Department
Fiscal Year

City of Yorba Linda
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
-135-
2014 2015 2016 2017 2018
General Fund
Nonspendable $ 25,609,575 $ 25,879,553 $ 25,615,978 $ 25,360,804 $ 25,134,611 Committed - 23,125,506 23,143,531 23,096,672 18,554,579 Restricted 7,500 5,352 - - -
Assigned - 3,750,035 2,810,864 6,026,646 3,198,889
Unassigned 27,434,921 2,987,075 4,694,175 3,952,237 3,936,830 Total General Fund 53,051,996 55,747,521 56,264,548 58,436,359 50,824,909 All Other Governmental Funds
Restricted 65,340,535 78,714,230 83,854,961 87,563,450 89,339,885 Assigned 7,739,067 - - - -
Unassigned (413,540) (489,090) (1,988,163) (849,737) (794,022) Total All Other Governmental Funds 72,666,062 78,225,140 81,866,798 86,713,713 88,545,863 Total All Governmental Funds $ 125,718,058 $ 133,972,661 $ 138,131,346 $ 145,150,072 $ 139,370,772 Note: Certain classifications of 2015 fund balances have been reclassified to conform to the current year's presentation.

Specifically, in the 2015 financial statements General Fund amounts were not shown as assigned and committed as they are in 2016 and restricted amounts in other Governmental Funds were shown as assigned.

Source: City of Yorba Linda, Finance Department
Fiscal Year

City of Yorba Linda
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting) (continued)
-136-
2019 2020 2021 2022 2023
General Fund
Nonspendable $ 24,183,522 $ 2,850,846 $ 627,888 $ 33,115 $ 86,578 Committed 23,252,150 27,742,190 31,713,494 31,849,609 26,109,298 Restricted - - - - -
Assigned 2,115,847 2,208,551 1,102,561 2,024,793 14,407,135 Unassigned 4,953,048 3,755,960 3,736,843 8,698,134 3,825,723 Total General Fund 54,504,567 36,557,547 37,180,786 42,605,651 44,428,734 All Other Governmental Funds
Restricted 86,564,633 68,701,623 87,734,738 85,472,395 86,500,311 Assigned - - - - -
Unassigned (179,022) (725,130) (799,966) (330,625) (1,482,575) Total All Other Governmental Funds 86,385,611 67,976,493 86,934,772 85,141,770 85,017,736 Total All Governmental Funds $ 140,890,178 $ 104,534,040 $ 124,115,558 $ 127,747,421 $ 129,446,470 Note: Certain classifications of 2015 fund balances have been reclassified to conform to the current year's presentation.

Specifically, in the 2015 financial statements General Fund amounts were not shown as assigned and committed as they are in 2016 and restricted amounts in other Governmental Funds were shown as assigned.

Source: City of Yorba Linda, Finance Department
Fiscal Year

City of Yorba Linda
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
-137-
2014 2015 2016 2017 2018
Revenues
Taxes 35,274,571 $ 37,304,207 $ 39,622,621 $ 41,311,999 $ 43,517,567 $ Licenses and permits 1,794,234 1,822,533 1,681,175 1,906,900 1,277,319 Intergovernmental 4,882,336 3,877,534 3,550,775 4,911,723 5,054,524 Charges for services 3,202,764 3,724,560 3,636,143 3,670,482 3,783,290 Investment Income 699,314 525,717 476,108 561,578 5,448,994 Fines and forfeitures 186,542 209,420 191,903 193,873 172,153 Contributions 7,149 2,281 851 - -
Developer Participation 245,242 2,025,694 2,278,589 1,284,622 1,336,048 Gain on sale of City property - - - 294,375 14,257
Miscellaneous 709,005 193,644 113,587 314,259 880,542
Total Revenues 47,001,157 49,685,590 51,551,752 54,449,811 61,484,694 Expenditures
Current:

General government 8,021,451 8,385,012 8,597,028 9,608,392 7,412,889 Public safety 9,351,367 9,535,298 10,111,264 10,665,634 11,601,058 Community Development 3,039,321 3,178,940 3,116,057 2,932,425 9,004,086 Parks and recreations 5,658,851 5,664,224 5,603,750 6,216,676 6,098,032 Library - - - - 3,967,009
Public works 11,235,425 10,646,686 10,719,703 11,986,129 11,583,370 Capital outlay 10,447,448 6,829,408 10,497,334 10,776,488 17,803,173 Debt Service:

Principal retirement - - - - -
Interest and fiscal charges - - - - -
Bond issuance costs - - - - -
Total Expenditures 47,753,863 44,239,568 48,645,136 52,185,744 67,469,617 Excess of revenues over/(under) expenditures (752,706) 5,446,022 2,906,616 2,264,067 (5,984,923) Other Financing Sources (Uses)
Transfers in 7,963,808 7,508,620 11,159,224 9,035,390 17,821,152 Transfers out (7,963,808) (7,508,620) (11,710,204) (9,047,638) (17,821,152) Long term debt issued - - - - -
Proceeds from sale of capital asset - - - - -
Subscription acquisition - - - - -
Contributions from Successor Agency 6,716,848 3,013,793 1,386,056 3,143,678 205,623 Total other financing sources (uses) 6,716,848 3,013,793 835,076 3,131,430 205,623 Net change in fund balances 5,964,142 $ 8,459,815 $ 3,741,692 $ 5,395,497 $ (5,779,300) $ Debt service as a percentage of noncapital expenditures 0.0% 0.0% 0.0% 0.0% 0.0% Fiscal Year
Note: * In fiscal year 2017-2018 the City began reporting library services separately from General Government. In addition, debt service and related expenditures are reported in the library function on the basic financial statements.

City of Yorba Linda
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting) (continued)
-138-
2019 2020 2021 2022 2023
Revenues
Taxes 44,938,431 $ 45,995,354 $ 47,277,203 $ 51,396,226 $ 53,732,469 $ Licenses and permits 1,758,173 1,758,957 1,905,891 2,502,333 2,446,906 Intergovernmental 5,847,394 7,793,872 6,441,439 9,560,743 9,243,632 Charges for services 3,829,460 3,149,392 3,178,690 4,555,316 5,145,799 Use of money and property 3,414,409 3,799,085 718,569 (1,366,833) 1,780,987 Fines and forfeitures 158,529 136,271 63,000 120,332 141,666 Contributions - - - - -
Developer Participation 3,794,795 2,916,798 448,537 1,702,646 879,360 Gain on sale of City property 10,759 3,106,643 3,363,549 - - Miscellaneous 511,547 252,809 1,167,358 307,478 1,945,048 Total Revenues 64,263,497 68,909,181 64,564,236 68,778,241 75,315,867 Expenditures
Current:

General government 7,556,660 7,382,901 9,918,063 9,419,419 9,989,048 Public safety 11,774,157 12,451,068 12,584,332 13,134,552 13,664,873 Community Development 3,027,458 4,923,127 3,355,451 3,877,107 3,979,002 Parks and recreations 6,652,263 8,447,644 6,317,469 8,010,629 8,527,887 Library 4,523,472 4,291,564 5,638,179 5,787,704 5,611,607 Public works 11,536,226 12,113,687 13,327,507 13,613,147 14,931,872 Capital outlay 14,937,875 36,668,311 20,468,213 13,032,060 16,138,073 Debt Service:

Principal retirement - 490,000 - 8,151,000 698,195
Interest and fiscal charges - 648,888 108,271 277,954 572,292 Bond issuance costs 321,311 105,052 - - -
Total Expenditures 60,329,422 87,522,242 71,717,485 75,303,572 74,112,849 Excess of revenues over/(under) expenditures 3,934,075 (18,613,061) (7,153,249) (6,525,331) 1,203,018 Other Financing Sources (Uses)
Transfers in 20,503,308 24,009,934 22,610,921 14,431,285 16,057,651 Transfers out (20,503,308) (44,781,579) (22,610,921) (14,431,285) (16,057,651) Long term debt issued 15,892,798 7,611,000 - - -
Proceeds from sale of capital asset - - - 10,157,193 14,595 Subscription acquisition - - - - 481,436
Contributions from Successor Agency 3,756,523 87,345 - - - Total other financing sources (uses) 19,649,321 (13,073,300) - 10,157,193 496,031 Net change in fund balances 23,583,396 $ (31,686,361) $ (7,153,249) $ 3,631,862 $ 1,699,049 $ Debt service as a percentage of noncapital expenditures 0.7% 2.2% 0.2% 13.5% 2.0% Fiscal Year
Note: * In fiscal year 2017-2018 the City began reporting library services separately from General Government. In addition, debt service and related expenditures are reported in the library function on the basic financial statements.

City of Yorba Linda
Assessed Value of Estimated Actual Value of Taxable Property Last Ten Fiscal Years
-139-
Fiscal Year
Ended
June 30
2014 $ 11,690,283,468 $ 152,053,662 $ (307,993,529) $ 11,534,343,601 2015 12,492,822,864 153,579,513 (309,102,030) 12,646,402,377 2016 13,334,274,219 147,399,256 (350,162,998) 13,481,673,475 2017 13,959,347,366 137,076,955 (210,599,989) 14,096,424,321 2018 14,716,674,476 148,335,423 (220,753,799) 14,865,009,899 2019 15,471,407,750 151,643,596 (211,377,405) 15,623,051,346 2020 16,112,175,947 181,515,582 (251,855,293) 16,293,691,529 2021 16,775,906,874 167,238,127 (269,590,593) 16,943,145,001 2022 17,350,569,091 175,408,871 (288,495,018) 17,525,977,962 2023 18,283,910,002 195,886,460 (293,156,599) 18,479,796,462 (2) Total includes Nonunitary Taxable Assessed Values.

Note:

Source: HdL Coren and Cone, Orange County Assessor Combined Tax Rolls In 1978, the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year the assessed value of property may be increased by an inflation factor (limited to a maximum increase of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. The assessed valuation data shown above represents the only data currently available with respect to the actual market value of taxable property and is subject to the limitations described above.
(1) Exemptions are netted against the individual property categories.

Secured Unsecured Exemptions (1) Value (2)
Less: Assessed
Taxable

City of Yorba Linda
Direct and Overlapping Property Tax Rates (Rate per $100 of assessed value) Last Ten Fiscal Years -140-
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Basic Levy (1) 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 Brea Olinda Unified 0.02470 0.02528 0.02292 0.02298 0.02325 0.02370 0.02291 0.02489 0.02376 0.02412 Metropolitan Water District 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 0.00350 N. OC Community College 2002 Bond Series #2003B 0.00000 0.00000 0.00000 0.00000 0.00000 0.00001 0.00000 0.00000 0.00000 0.00000 N. Orange County Community College 0.01704 0.01704 0.03043 0.02885 0.02927 0.02828 0.02409 0.03198 0.02877 0.02778 Orange USD Elem 2016 Series 2022 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00000 0.00946Orange USD Series 2018 2016 0.00000 0.00000 0.00000 0.00000 0.00000 0.02685 0.02288 0.01664 0.01656 0.01609 Placentia Yorba Linda Unified 0.06525 0.05822 0.05665 0.05475 0.05529 0.05261 0.04848 0.06032 0.04849 0.04641 Rancho Santiago Community College 0.03334 0.02878 0.03063 0.02999 0.03013 0.02875 0.02818 0.02768 0.02652 0.02738Total Direct & Overlapping (2) Tax Rates 1.14383 1.13282 1.14413 1.14007 1.14144 1.16370 1.15004 1.16501 1.14760 1.15474City's share of 1% Levy per Prop 13 (3) City 0.12480 0.12480 0.12480 0.12480 0.10625 0.10625 0.10625 0.10625 0.10625 0.10625Library 0.05525 0.05525 0.05525 0.05525 0.05570 0.05570 0.05570 0.05570 0.05570 0.05570 Total City Direct Rate 0.18005 0.18005 0.18005 0.18005 0.16195 0.16195 0.16195 0.16195 0.16195 0.16195Redevelopement Rate (4)Total Direct Rate (5) 0.13436 0.13453 0.13468 0.13507 0.13557 0.13552 0.13575 0.13628 0.13639 0.13682 (2) Overlapping 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% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the city. ERAF general fund tax shifts may not be included in tax ratio figures.(4) Redevelopment Rate is based on the largest RDA tax rate area and only includes rate(s) from indebtedness adopted prior to 1989 per California State statue. RDA direct and overlapping rates are applied only to the incremental property values. The approval of ABX1 26 eliminated Redevelopment from the State of California for the fiscal year 2012/13 and years thereafter.(5) Total Direct Rate is the weighted average of all individual direct rates applied to by the government preparing the statistical section information and excludes revenues derived from aircraft. Beginning in 2013/14 the Total Direct Rate no longer includes revenue generated from the fov are assumed to have been resolved during 2012/13. For the purposes of this report, residual revenue is assumed to be distributed to the City in the same proportions are general fundrevenue.(1) In 1978, the voters of the State of California passed Proposition 13 which limited property taxes to a total maximum rate of 1% based upon the assessed value of the property being taxed. Each year the assessed value of property may be increased by an inflation factor (limited to a maximum increase of 2%). With few exceptions, property is only reassessed at the time that it is sold to a new owner. At that point, the new assessed value is reassessed at the purchase price of the property sold. The

City of Yorba Linda
Principal Property Taxpayers
Current Year and Nine Years Ago
-141-
Percent of Percent of
Total City Total City
Taxable Taxable Taxable Taxable
Assessed Assessed Assessed Assessed
Value Value Value Value
Bryant at Yorba Linda $ 133,334,267 0.72% - 0.00%
Savi Ranch Property Holdings LLC 94,004,814 0.51% - 0.00% Savi Ranch Group LLC 45,395,819 0.25% - 0.00%
KLLB AIV LLC 43,758,000 0.24% - 0.00%
Packing House Yorba Linda LLC 37,130,767 0.20% - 0.00%
YL Pines LLC 36,396,787 0.20% 30,398,640 0.26%
Yorba Linda Town Center LLC 34,492,067 0.19% - 0.00%
San Jose Central Travel Inc. 28,431,641 0.15% - 0.00%
Eastlake Commercial 2007 LLC 27,677,842 0.15% 24,095,557 0.20% YLB20 LLC 26,606,824 0.14% - 0.00%
Savi Technology Center Props Owner LL 0.00% 84,923,703 - 0.72% LMI Riverbend LLC - 0.00% 64,658,844 0.55%
Bridgemark Corporation - 0.00% 35,059,620 0.30%
Savi Ranch 1690 Inc - 0.00% 34,500,000 0.29%
St Jude Hospital Yorba Linda - 0.00% 29,796,557 0.25%
Du Min - 0.00% 28,736,018 0.24%
Nobel Biocare USA LLC - 0.00% 23,422,119 0.20%
Trico-Savi Business Park LP - 0.00% 22,283,747 0.19%
Top Ten Totals $ 507,228,828 2.74% $ 377,874,805 3.19%
City Totals $ 18,479,796,462 $ 11,842,337,130
Source: HdL Coren and Cone, Orange County Assessor 2012/13 and 2021/22 Tax Rolls 2023 2014

City of Yorba Linda
Property Tax Levies and Collections
Last Ten Fiscal Years
-142-
Fiscal
Year
Ended
June 30
2014 $ 26,114,981 $ 25,628,853 98.139% $ 242,572 $ 25,871,425 99.067% 2015 27,573,088 27,075,082 98.194% 195,477 27,270,559 98.903% 2016 27,926,587 27,285,154 97.703% 201,624 27,486,778 98.425% 2017 28,894,519 28,539,922 98.773% 170,053 28,709,974 99.361% 2018 31,244,974 30,898,210 98.890% 116,309 31,014,519 99.262% 2019 32,504,590 32,189,975 99.032% 124,953 32,314,928 99.417% 2020 33,288,749 32,965,561 99.029% 135,497 33,101,058 99.436% 2021 34,706,969 34,431,243 99.206% 236,450 34,667,693 99.887% 2022 36,437,371 35,967,667 98.711% 257,528 36,225,195 99.418% 2023 38,796,303 38,367,984 98.896% 242,798 38,610,781 99.522% (1) Total amount of delinquent taxes collected in each fiscal year; information regarding levy year to which delinquent tax collections pertain is not provided by the Orange County Auditor- Controller.

Source: Orange County Auditor- Controller
Fiscal Year of Levy Collections in
Amount of Levy
Total Collections to Date
Percent
Years (1) Amount of Levy
Subsequent
Collected within the
Taxes Levied
for the Percent
Fiscal Year

City of Yorba Linda
Ratios of Outstanding Debt by Type Last Ten Fiscal Years -143-
Fiscal Year Lease Golf Course Total Percentage
Ended Revenue Subscription Revenue Loan Primary of Personal Debt Per Calendar Personal June 30 Financings Liability Bonds Payable Government (1) Income Capita Year Income Population 2014 - $ - $ - $ 146,885 $ 146,885 $ 0.00% 2.19 2013 3,204,691,000 $ 67,069 2015 - - - - - n/a n/a 2014 3,158,626,000 67,0552016 - - - - - n/a n/a 2015 3,174,294,000 67,6372017 - - - - - n/a n/a 2016 3,213,873,000 67,8902018 - - - - - n/a n/a 2017 3,250,126,000 69,1212019 15,857,373 (2) - - - 15,857,373 0.46% 230.80 2018 3,453,929,000 68,706 2020 22,914,112 (3) - - - 22,914,112 0.62% 333.78 2019 3,668,872,000 68,6502021 22,463,372 - - - 22,463,372 0.60% 331.09 2020 3,772,935,000 67,846 2022 13,100,000 - - 1,125,938 14,225,938 0.37% 211.59 2021 3,838,762,000 67,2332023 13,485,326 353,241 - 881,416 14,719,983 0.36% 219.48 2022 4,130,949,000 67,068 Note: (1) Details regarding the City of Yorba Linda's outstanding debt can be found in the notes to the financial Statements. (2) In December 2018, the Yorba Linda Municipal Financing Authority issued $14,645,000 of lease revenuebonds to fund a portion of the construction costs of the new Yorba Linda Public Library facility.(3) In June 2020, the Yorba Linda Municipal Financing Authority issued $7,611,000 through a privateplacement lease financing with Sterling National Bank to fund a portion of the construction costs of the newCultural Arts Center facility.

Governmental Activities Business-type Activities

City of Yorba Linda
Ratios of General Bonded Debt Outstanding
Last Ten Fiscal Years
-144-
Fiscal Year Lease Percent of
Ended Revenue Assessed Per
June 30 Financing (2) (3) Total (1) Value (4) Capita
2014 - $ - $ - $ - $
2015 - - - -
2016 - - - -
2017 - - - -
2018 - - - -
2019 15,857,373 15,857,373 0.10% 231
2020 22,914,112 22,914,112 0.14% 334
2021 22,463,372 22,463,372 0.13% 331
2022 13,100,000 13,100,000 0.07% 195
2023 13,485,326 13,485,326 0.07% 201
Note: (1) Details regarding the City of Yorba Linda's outstanding debt can be found in the notes to the financial statements.
(2) In December 2018, the Yorba Linda Municipal Financing Authority issued $14,645,000 of lease revenue bonds to fund a portion of the construction costs of the new Yorba Linda Public Library facility.
(3) In June 2020, the Yorba Linda Municipal Financing Authority issued $7,611,000 through a private placement lease financing with Sterling National Bank to fund a portion of the construction costs of the new Cultural Arts Center facility.
(4) Assessed value has been used because the actual value of taxable property is not readily available in the State of California.

Source: City of Yorba Linda Finance Department

City of Yorba Linda
Direct and Overlapping Debt
As of June 30, 2023
-145-
2022-2023 Taxable Assessed Valuation: $15,325,012,920
City Assessed Valuation $ 18,505,831,369
Redevelopment Agency Incremental Valuation (3,180,818,449) $ 15,325,012,920
Total Debt City's Share of
6/30/23 % Applicable (1) Debt 6/30/23
OVERLAPPING TAX AND ASSESSMENT DEBT :

Metropolitian Water District 19,215,000 $ 0.509% 97,804 $ North Orange County Joint Community College District 324,914,503 11.266% 36,604,868 Rancho Santiago Community College District 176,539,286 0.452% 797,958 Brea Unified School District 5,051,844 0.100% 5,052
Orange Unified School District 277,865,000 0.969% 2,692,512 Placentia-Yorba Linda Unified School District 204,786,502 49.785% 101,952,960 Placentia-Yorba Linda Unified School District Community Facilities District No. 1 4,320,000 100.000% 4,320,000 TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT 146,471,154 $

DIRECT AND OVERLAPPING GENERAL FUND DEBT
Orange County General Fund Obligations 451,165,000 $ 2.553% 11,518,242 $ Orange County Board of Education Certificates of Participation 10,860,000 2.553% 277,256 North Orange County Regional Occupation Program Certificates of Participation 7,790,000 11.589% 902,783 Brea-Olinda Unified School District 8,520,000 0.100% 8,520 Orange Unified School District Benefit Obligations 58,570,000 0.969% 567,543 Orange Unified School District Pension Obligation Bonds 12,945,618 0.969% 125,443 Placentia-Yorba Linda Unified School District Certificates of Participation 84,135,000 49.785% 41,886,610 City of Yorba Linda General Fund Obligations 12,530,000 100.000% 12,530,000 TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT 67,816,397 $ OVERLAPPING TAX INCREMENT DEBT (Successor Agencies): 21,516,503 $ 100% 21,516,502 $ TOTAL DIRECT DEBT $ 12,530,000
TOTAL OVERLAPPING DEBT $ 223,274,053
COMBINED TOTAL DEBT $ 223,274,053
CITY DIRECT DEBT:

CITY OF YORBA LINDA LEASE REVENUE FINANCINGS 13,485,326 $ 100.000% 13,485,326 $ TOTAL DIRECT AND OVERLAPPING DEBT $ 159,956,480
Ratios to 2022-23 Assessed Valuation
Direct Debt ($12,530,000)…....................................................................... 0.07% Total Direct and Overlapping Tax and Assessment Debt…............................. 0.79% Combined Total Debt….............................................................................. 1.27% Ratios to Redevelopment Successor Agency Incremental Valuation ($3,180,818,449):

Overlapping Tax Increment Debt 0.68%
(1)
(2) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue, and non-bonded capital lease obligations.

Source: California Municipal Statistics, Inc.

The percentage of overlapping debt applicable to the city is estimated using taxable assessed property value. Applicable percentages were estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's total taxable assessed value.

City of Yorba Linda
Legal Debt Margin Information
Last Ten Fiscal Years
-146-
Legal Debt Margin Calculation for the Current Year
Assessed value $ 18,479,796,462
Conversion percentage 25%
Adjusted assessed value 4,619,949,116
Debt limit (15% of adjusted assessed value) 692,992,367 Debt applicable to limit -
Legal debt margin - Current Year $ 692,992,367
Fiscal
Year
2014 $ 432,537,885 $ - $ 432,537,885 0.0%
2015 474,240,089 - 474,240,089 0.0%
2016 505,562,755 - 505,562,755 0.0%
2017 528,615,912 - 528,615,912 0.0%
2018 692,992,367 - 692,992,367 0.0%
2019 585,864,425 - 585,864,425 0.0%
2020 611,013,432 - 611,013,432 0.0%
2021 635,367,938 - 635,367,938 0.0%
2022 657,224,174 - 657,224,174 0.0%
2023 692,992,367 - 692,992,367 0.00%
Source: City of Yorba Linda Finance Department
Limit to Limit
Debt as
Percentage
Margin of Limit
Debt
Debt
Applicable Debt
Legal

City of Yorba Linda
Demographic and Economic Statistics
Last Ten Fiscal Years
-147-
Personal Per Capita
Calendar Income Personal Unemployment Median % of Pop 25+ with % of Pop 25+ with Year Population (1,000s) Income Rate Age High School Degree Bachelor's Degree 2013 67,069 3,204,691 $ 47,782 $ 3.30% 41.4 95.3% 47.3% 2014 67,055 3,158,626 47,105 4.80% 41.8 95.6% 48.6%
2015 67,637 3,174,294 46,931 3.90% 41.8 95.5% 49.4%
2016 67,890 3,213,873 47,339 3.50% 42.8 95.5% 51.4%
2017 69,121 3,250,126 47,021 3.30% 42.9 95.8% 52.0%
2018 68,706 3,453,929 50,271 2.70% 43.3 95.4% 53.2%
2019 68,650 3,668,872 53,443 2.60% 43.5 95.5% 53.4%
2020 67,846 3,772,935 55,610 7.20% 44.2 95.5% 54.1%
2021 67,233 3,838,762 57,096 4.90% 43.9 95.8% 53.8%
2022 67,068 4,130,949 61,593 2.80% 44.3 95.6% 53.6%
Source: HdL Coren and Cone

City of Yorba Linda
Principal Employers
Current and Seven Years Ago
-148-
Percentage Percentage
of Total City of Total City
Employer Employees Employment Employees Employment
Nobel Biocare U S A, L L C 269 2.62% 269 3.67%
Costco Wholesale Corporation # 445 255 2.49% 293 4.00%
Euroline Steel Windows 155 1.51% - 0.00%
Jondo Ltd. 144 1.40% - 0.00%
Coldwell Banker 118 1.15% 118 1.61%
Serento Rosa 115 1.12% - 0.00%
Vons Grocery Co #3069 98 0.96% 86 1.17%
Sprouts Farmers Market 94 0.92% 78 1.06%
Bristol Farms 87 0.85% - 0.00%
Trader Joe's #176 86 0.84% 50 0.68%
So CA Permanente Medical Group 86 0.84% 55 0.75%
Chick-Fil-A At Yorba Linda Fsr 85 0.83% - 0.00%
Sunrise of Yorba Linda 84 0.82% 42 0.57%
Sprouts Farmers Market 81 0.79% 70 0.96%
White House Catering Inc 80 0.78% 75 1.02%
Office Solutions Business 80 0.78% 98 1.34%
1,917 18.69% 1,234 16.85%
Note: The City of Yorba Linda issued financial statements, but not a ACFR, prior to 2016. Data is therefore not available for this table prior to 2016.

Source: City of Yorba Linda, Finance Department
2023 2016

City of Yorba Linda
Full-Time Equivalent City Government Employees by Function Last Ten Fiscal Years
-149-
Function/Program 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 General Government
City Council 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 Administration 6.00 8.00 9.00 9.00 9.96 9.48 10.25 10.73 17.45 17.55 City Clerk 3.00 3.00 3.00 3.00 3.00 3.00 3.48 3.48 3.48 3.48 Finance 6.00 6.00 6.00 6.00 6.50 6.75 6.48 6.48 6.75 6.75 Community Development
Planning 6.20 6.20 6.20 6.20 6.98 6.98 6.50 6.50 6.50 6.50 Building 8.70 8.70 8.70 8.70 10.30 10.30 11.30 11.30 11.30 10.30 Community Preservation 3.25 3.25 3.25 3.25 3.20 3.20 3.20 3.20 3.20 3.20 NPDES 0.30 0.30 0.30 0.30 - - - - - -
Public Works
Administration/Engineering 6.90 6.90 6.65 6.65 6.75 7.71 7.75 7.75 8.45 8.60 Maintenance 10.04 10.04 10.04 10.04 10.04 10.04 11.04 11.04 11.04 11.04 NPDES 1.25 1.25 1.25 1.25 1.25 1.25 1.35 1.35 1.35 1.35 Landscape Assessment Dist. 3.71 3.71 3.96 3.96 3.96 3.96 5.82 5.82 6.61 7.70 Parks & Recreation
Administration 2.45 2.95 2.95 2.95 2.80 2.80 2.48 2.48 4.49 4.12 Recreation 29.91 29.91 29.91 29.91 32.51 32.51 32.95 36.94 32.98 32.98 Parks Maintenance 8.85 8.85 8.85 8.85 9.05 9.05 10.05 10.05 9.05 9.40 Facilities Maintenance 2.20 2.20 2.20 2.20 2.40 2.40 2.75 3.75 3.40 3.52 Library 31.55 31.55 31.55 31.55 31.32 31.32 31.81 33.15 33.15 35.95 Total 135.31 137.81 138.81 138.81 145.02 145.75 152.21 159.02 164.20 167.44 Source: City of Yorba Linda
Fiscal Year

City of Yorba Linda
Operating Indicators by Function
Last Ten Fiscal Years
-150-
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Parks & Recreation
Number of participants 13,152 11,406 9,356 11,331 10,162 10,395 6,183 6,116 12,770 14,211 Number of facility rentals 1,833 1,722 1,958 1,973 1,826 1,492 902 329 3016 2836 Teams in league events 155 227 175 148 144 137 148 145 185 164 Police (1)
Calls for Service 17,452 18,497 18,162 19,922 22,125 20,158 18,666 17,766 18,437 17,767 Arrests 378 435 458 717 442 470 902 629 632 682
Moving Citations 2,220 2,507 2,808 1,910 1,728 1,776 1,542 1,465 1,253 2,275 Crime reports 2,344 2,408 2,705 2,541 2,640 2,715 2,523 233 2,434 2,205 Parking citations 277 425 419 720 1,001 842 566 264 347 531 Public Works (2)
Street resurfacing (# streets) 211 84 173 173 182 151 139 292 135 267 Library
Attendance in Library (door count) 334,942 323,415 328,646 328,646 276,051 284,628 185,038 83,346 374,333 473,593 Number of items checked out 917,134 870,029 881,283 881,283 938,109 1,044,225 799,631 620,161 1,130,025 1,329,559 Number of programs 601 666 721 721 961 930 619 89 33,926 919 Golf Course
Number of rounds played 57,476 55,755 55,483 55,483 60,355 59,237 52,804 67,251 64,716 58,872 Source: City of Yorba Linda
Fiscal year

City of Yorba Linda
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
-151-
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Parks & Recreation
Municipal Parks 29 29 30 32 33 33 33 33 33 33
Gyms 2 2 2 2 2 2 2 2 2 2
Community Center 1 1 1 1 1 1 1 1 1 1
Horse Arena 1 1 1 1 1 1 1 1 1 1
Municipal Golf Course 1 1 1 1 1 1 1 1 1 1
Arts Center 111
Museum 1 1 1 1 1 1 1 1 1 1
Library
Library Facility 1 1 1 1 1 1 1 1 1 1
Police
Stations 1 1 1 1 1 1 1 1 1 1
Public Works
Streets (centerline miles) 213 213 211 211 217 217 215.5 215.5 214.7 214.7 Street Lights n/a n/a 5,756 6,096 6,139 6,139 6,139 6,139 6,171 6,171 Traffic Signals 61 61 61 64 62 64 65 65 67 67
Source: City of Yorba Linda, Finance Department
Fiscal Year

The image on the front cover is the Dominguez Trailside Park. Yorba Linda has an ambitious Citywide system of over 100 miles of trails coordinated for use by hikers, bikers, and equestrians. These trails are intended to also enhance open space opportunities by providing non-vehicular linkages to open space areas and recreational facilities.

- 1 -
February 28, 2024
To the Honorable Mayor and Members of the City Council
City of Yorba Linda
Yorba Linda, California
We have audited the financial statements of City of Yorba Linda (the City) as of and for the year ended June 30, 2023, and have issued our report thereon dated February 28, 2024. Professional standards require that we advise you of the following matters relating to our audit.

Our Responsibility in Relation to the Financial Statement Audit As communicated in our engagement letter dated May 3, 2023, our responsibility, as described by professional standards, is to form and express opinions about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities.

Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatement. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing 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 over financial reporting. Accordingly, as part of our audit, we considered the internal control of the City solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.

We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process.

However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.

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Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to you.

Compliance with All Ethics Requirements Regarding Independence The engagement team, others in our firm, and our firm have complied with all relevant ethical requirements regarding independence.

Significant Risks Identified
We have identified the possibility of the following significant risks:

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

Revenue recognition – Revenue recognition is a generally accepted accounting principle that refers to the conditions under which an entity can recognize a transaction as revenue.

Auditing standards indicate that recognizing revenue is a presumed fraud risk and usually classified as a significant risk in most audits.

These significant risks are presumptive in most audits and merit attention by the auditors due to the direct impact over financial reporting and internal control processes. Although identified as significant risks, we noted no matters of management override of controls or deviations from generally accepted accounting principles which caused us to modify our audit procedures or any related matters which are required to be communicated to those charged with governance due to these identified risks.

Qualitative Aspects of the City’s Significant Accounting Practices Significant Accounting Policies
Management has the responsibility to select and use appropriate accounting policies. A summary of the significant accounting policies adopted by the City is included in Note 1 to the financial statements. The City adopted GASB Statement No. 96, Subscription-Based Information Technology Arrangements during fiscal year 2023. No matters have come to our attention that would require us, under professional standards, to inform you about (1) the methods used to account for significant unusual transactions and (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.

Significant Accounting Estimates
Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments are normally based on knowledge and experience about past and current events and assumptions about future events.

Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ markedly from management’s current judgments.

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The most sensitive accounting estimates affecting the financial statements are:

Management’s estimate of the fair value of investments is based on information provided by financial institutions. We evaluated the key factors and assumptions used to develop the fair value of investments in determining that it is reasonable in relation to the financial statements taken as a whole.

Management’s estimate of the depreciation expense is based on historical estimates of each capitalized item’s useful life. We evaluated the key factors and assumptions used to develop the estimated useful lives in determining that it is reasonable in relation to the financial statements taken as a whole.

Management’s estimate of the net pension liability and related deferred inflows and outflows is based on actuarial reports provided by independent actuaries. We evaluated the key factors and assumptions used to develop the estimate in determining that it is reasonable in relation to the financial statements taken as a whole.

Management’s estimate of the net OPEB liability and related deferred inflows and outflows is based on actuarial reports provided by independent actuaries. We evaluated the key factors and assumptions used to develop the estimate in determining that it is reasonable in relation to the financial statements taken as a whole.

Management’s estimate of leases receivable, deferred inflows of resources related to leases, and lease amortization is based on present value calculations using certain terms and assumptions in the lease agreements in accordance with generally accepted accounting principles. Management’s estimate of lease and subscription liabilities, right-to-use assets, and asset amortization is based on present value calculations using certain terms and assumptions in the lease/subscription agreements and estimated useful lives of assets in accordance with generally accepted accounting principles. We evaluated the key factors and assumptions used to develop the lease-related estimates in determining that it is reasonable in relation to the financial statements taken as a whole.

Financial Statement Disclosures
Certain financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the City’s financial statements relate to:

The disclosure of the fair value of investments in the notes to the financial statements represents amounts susceptible to market fluctuations.

The disclosure of accumulated depreciation in the notes to the financial statements is based on estimated useful lives which could differ from actual useful lives of each capitalized item.

The disclosure of net pension liability and related deferred inflows and outflows in the notes to the financial statements is based on actuarial assumptions. Actual future liabilities may vary from disclosed estimates.

The disclosure of net OPEB liability and related deferred inflows and outflows in the notes to the financial statements is based on actuarial assumptions. Actual future liabilities may vary from disclosed estimates.

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The disclosure of leases receivables, deferred inflows of resources related to leases, lease amortization, leases/subscription liabilities, right-to-use assets, and asset amortization in the basic financial statements is based on certain term and assumptions in the lease agreements which could differ from actual amounts.

The financial statement disclosures are neutral, consistent, and clear.

Significant Difficulties Encountered during the Audit
We encountered no significant difficulties in dealing with management relating to the performance of the audit.

Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that we believe are trivial, and communicate them to the appropriate level of management. Further, professional standards require us to also communicate the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole and each applicable opinion unit. Management has corrected all identified misstatements.

In addition, professional standards require us to communicate to you all material, corrected misstatements that were brought to the attention of management as a result of our audit procedures. Attachment A reflects all material misstatements that we identified as a result of our audit procedures were brought to the attention of, and corrected by, management.

Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the City’s financial statements or the auditor’s report. No such disagreements arose during the course of the audit.

Representations Requested from Management
We have requested certain written representations from management, which are included in the attached letter dated February 28, 2024.

Management’s Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters.

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Other Significant Matters, Findings, or Issues
In the normal course of our professional association with the City, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, operating and regulatory conditions affecting the entity, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the City’s auditors.

Other Information Included in Annual Reports
Pursuant to professional standards, our responsibility as auditors for other information in documents containing the City's audited financial statements does not extend beyond the financial information identified in the audit report, and we are not required to perform any procedures to corroborate such other information. However, in accordance with such standards, we have applied certain limited procedures to the required supplementary information (RSI), as listed in the basic financial statements table of contents, which are required information that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding 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 did not audit the RSI and do not express an opinion or provide any assurance on the RSI.

We were engaged to report on the combining and individual nonmajor fund financial statements and the budgetary comparison schedules, which accompany the financial statements but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements.

We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves.

We were not engaged to report on the transmittal letter and statistical section, which accompany the financial statements but are not RSI. We did not audit or perform other procedures on this other information and we do not express an opinion or provide any assurance on it Our responsibility also includes communicating to you any information which we believe is a material misstatement of fact. Nothing came to our attention that caused us to believe that such information, or its manner of presentation, is materially inconsistent with the information, or manner of its presentation, appearing in the financial statements.

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

San Bernardino, California
February 28, 2024

Attachment A
Engagement: 2023 - City of Yorba Linda
Period Ending: 6/30/2023
Account Description Debit Credit
902-9020000-221350 INTEREST PAYABLE 92,419.00
902-9020000-509000 FUND BALANCE UNRESERVED 92,419.00
Total 92,419.00 92,419.00
702-7020900-427950 GASB 34 DEBT ISSUANCE COSTS 408,404.46 902-9021091-427950 GASB 34 DEBT ISSUANCE COSTS 64,261.61 702-7020900-427800 BOND/INTEREST 408,404.46
902-9021091-427990 GASB 34 DEBT SVC/INTEREST 64,261.61
Total 472,666.07 472,666.07
702-7020000-221350 INTEREST PAYABLE 264,837.52
702-7020900-427800 BOND/INTEREST 264,837.52
Total 264,837.52 264,837.52
501-5010000-221350 INTEREST PAYABLE 1,168.70
501-5010480-427800 BOND/INTEREST 1,168.70
Total 1,168.70 1,168.70
501-5010000-116280 DEPRECIATION/MACHINERY/EQUIP 1,259,548.41 501-5010000-115280 MACHINERY/EQUIPMENT 1,259,548.41
Total 1,259,548.41 1,259,548.41
501-5010480-427800 BOND/INTEREST 13,934.00
501-5010000-111900 ADVANCE/KEMPER GC OPERATIONS 13,934.00 Total 13,934.00 13,934.00
208-2085320-355011 COVID-19 CARES ACT 150,000.00
RAMS 2080000-277850 DEFERRED REVENUE 150,000.00
Total 150,000.00 150,000.00
101-1010000-114150 DUE FROM OTHER FUNDS 39,923.00
213-2130000-101100 FUND CASH 39,923.00
101-1010000-101100 FUND CASH 39,923.00
213-2130000-224150 DUE TO OTHER FUNDS 39,923.00
Total 79,846.00 79,846.00
Adjusting Journal Entries
Adjusting Journal Entries JE # 1
To reverse FY 2022 accrued interest
Adjusting Journal Entries JE # 3
To correctly record current year amortized bond premium under interest expenses account which was wrongly credited to Debt Issuance Costs
Adjusting Journal Entries JE # 4
To reverse opening balance of 2017 A&B loan series' accrued interest as the payment for the same has been duly made in CY
Adjusting Journal Entries JE # 5
To reverse opening balance of 2018 Lease Revenue Bonds' accrued interest as the payment for the same has been duly made in CY
Adjusting Journal Entries JE # 6
To dispose of additional assets per the BGGC reports not previously recorded by the City Adjusting Journal Entries JE # 7
To reclassify the interest paid from the accrued liability to interest expense.

Adjusting Journal Entries JE # 8
Adjusting Journal Entries JE # 9
To adjust negative cash
To reclassify revenue to unavailable revenue as reimbursement was not requested until September 2023.
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CITY of YORBA LINDA
February 28,2024
Rogers, Anderson, Malody & Scott, LLP
735 E Carnegie Drive, Suite 100
San Bernardino, Ca 92408
This representation letter is provlded in connection with your audit of the basic financial statements of the City of Yorba Linda (the City) as of June 30,2023, and for the year then ended, and the related notes to the financial statements, for the purpose of expressing opinions on whether the basic financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows, where applicable, of the various opinion units of the City in accordance with accounting principles generally accepted for governments in the united states of America (u.s. GAAP).

Certain representations in this letter are described as being limited to matters that are material. ltems are considered material, regardless of size, if they involve an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable that the judgment of ã reasonable person relying on the information would be changed or influenced by thê omiss¡on or misstatement.

We confirm that, to the best of our knowledge and belief, having made such inquiries as we considered necessary for the purpose of appropriately informing ourselves as of February 28,2024:

Financial Statements
. We have fulfilled our responsibilities, as set out in the terms of the audit engagement letter dated May 3, 2023, for the preparation and fair presentation of the financial statements of the various opinion units referred to above in accordance with U.S. GAAP. . We acknowledge our responsibility for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
. We acknowledge our responsibility for the design, implementation, and maintenance of internal control to prevent and detect fraud.
. We acknowledge our responsibility for compliance with the laws, regulations, and provisions of contracts and grant agreements.
o We have reviewed, approved, and taken responsibility for the financial statements and related notes.
. We have a process to track the status of audit findings and recommendations. . We have identified and communicated to you all previous audits, attestation engagements, and other studies related to the audit objectives and whether related recommendatioñs have been implemented.
. Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.
. A]l related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of U.S. GAAP. 4845 Coso Lomo Avenue, Yorbo Lindo, CA g2BBó
714-961 -7100 Page 325 of 443 | www.yorbolindoco.gov
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All events subsequent to the date of the financial statements and for which U.S. GAAP requires adjustment or disclosure have been adjusted or disclosed.

The effects of uncorrected misstatements summarized in the attached schedule and aggregated by you during the current engagement are immaterial, both individually and in the aggregate, to the applicable opinion units and to the financial statements as a whole.

The effects of all known actual or possible litigation and claims have been accounted for and disclosed in accordance with U.S. GAAP
All component units, as well as joint ventures with an equity interest, are included and other joint ventures and related organizations are properly disclosed.

Allfunds and activities are properly classified.

All funds that meet the quantitative criteria in GASB Statement No. 34, Basic Financial Statements-and Management's Drscussion and Analysis-for State and Local Governments, GASB Statement No. 37, Basic Financiat Statements-and Management's Discussion and Analysis-for State and Local Governments: Omnibus as amended, and GASB Statement No. 65, /fems Previously Reported as Assefs and Liabilities, for presentation as major are identified and presented as such and all other funds that are presented as major are considered important to financial statement users.

All components of net position, nonspendable fund balance, and restricted, committed, assigned, and unassigned fund balance are properly classified and, if applicable, approved.

Our policy regarding whether to first apply restricted or unrestricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position/fund balance are available is appropriately disclosed and net position/fund balance is properly recognized under the policy.

All revenues within the statement of activities have been properly classified as program revenues, general revenues, contributions to term or permanent endowments, or contribution! to permanent fund principal.

All expenses have been properly classified in or allocated to functions and programs in the statement of activities, and allocations, if any, have been made on a reasonable Oas¡s.

All interfund and intra-entity transactions and balances have been properly classified and reported.

Special items and extraordinary items have been properly classified and reported.

Deposit and investment risks have been properly and fuily discrosed.

Capital assets, including infrastructure assets, are properly capitalized, reported, and if applicable, depreciated.

All required supplementary information is measured and presented within the prescribed guidelines.

We have evaluated all of our lease and subscription agreements and have given you our assessment as to whether each lease agreement is subject to GASB Statement No. 87, Leases and GASB Statement No. 96 Subscription-Based lnformation Technology Arrangements. a
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o W¡th regard to investments and other instruments reported at fair value:
o The underlying assumptions are reasonable and they appropriately reflect management's intent and ability to carry out its stated courses of action. o The measurement methods and related assumptions used in determining fair value are appropriate in the circumstances and have been consistently applied. o The disclosures related to fair values are complete, adequate, and in accordance with U.S, GAAP.
o There are no subsequent events that require adjustments to the fair value measurements and disclosures included in the financial statements.
o With respect to nonattest services provided, we have performed the following:
o Made all management decisions and performed all management functions; o Assigned a competent individual to oversee the services; o Evaluated the adequacy of the services performed;
o Evaluated and accepted responsibility for the result of the service performed; and o Established and maintained internal controls, including monitoring ongoing activities. lnformation Provided
. We have provided you with:
o Access to all information, of which we are aware that is relevant to the preparation and fair presentation of the financial statements of the various opinion units referred to above, such as records, documentation, meeting minutes, and other matters; o Additional information that you have requested from us for the purpose of the audit; and o Unrestricted access to persons within the entity from whom you determined it necessary to obtain
äi:::1i::iredsement or ail the documents that we expect to issue that wiil be included in the annual report and the planned timing and method of issuance of that annual report;
A final version of the annual report (including all the documents that, together, comprise the annual report) in a timely manner prior to the date of the auditor's report.
o The financial statements and any other information included in the annual report are consistent with one another, and the other information does not contain any material misstatements. ¡ All transactions have been recorded in the accounting records and are reflected in the financial statements.
. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.

' We have provided to you our analysis of the entity's ability to continue as a going concern, including significant conditions and events present, anO if necessary, ouJ añalysis of management's plans, and our ability to achieve those plans. o We have no knowledge of any fraud or suspected fraud that affects the entity and involves:
o Management;
o Employees who have significant roles in internal control; or o Others where the fraud could have a material effect on the financial statements. ¡ We have no knowledge of any allegations of fraud, or suspected fraud, affecting the entity's financial statements communicated by employees, former employees, vendors, Égulators, or others.
o We are not aware of any pending or threatened litigation, claims, and assessments whose effects should be considered when preparing the financial statements. o We have disclosed to you the identity of the entity's related parties and all the related party relationships and transactions of which we are aware.
o There have been no communications from regulatory agencies concerning noncompliance with or deficiencies in accounting, internal control, or financiai reporting practice!. o The City has no plans or intentions that may materially affect the carrying value or classification of assets and liabilities.
o We have disclosed to you all guarantees, whether written or oral, under which the City is contingently liable.
¡ We have disclosed to you all nonexchange financial guarantees, under which we are obligated and have declared liabilities and disclosed properly in accordance with GASB Statement Nó. 70, Accounting and Financial Reporting for Nonexchange Financiat Guarantees, forthose guarantees where it is more likely than not that the entity will make a payment on any guarantee. o For nonexchange financial guarantees where we have declared liabilities, the amount of the liability recognized is the discounted present value of the best estimate of the future outflows expected to be incurred as a result of the guarantee. Where there was no best estimate but a range of estimated future outflows has been established, we have recognized the minimum amount within the range.
o We have disclosed to you all significant estimates and material concentrations known to management that are required to be disclosed in accordance with GASB Statement No. 62 (GASB-62), Codification of Accounting and Financial Reporting Guidance Contained in preNovember 30, 1989 FASB and AICPA Pronouncements. Signifiõant estimates are estimates at the balance sheet date that could change materially within thé next year. Concentrations refer to volumes of business, revenues, available sources of supply, or markets or geographic areas for which events could occur that would significantly disrupt noimal finances w¡fn¡n Ihe next year.

We have identified and disclosed to you the laws, regulations, and provisions of contracts and grant agreements that could have a direct and material effect on financial statement amounts, including legal and contractual provisions for reporting specific activities in separate funds.

. There are no:
o Violations or possible violations of laws or regulations, or provisions of contracts or grant agreements whose effects should be considered for disclosure in the financial statements or as a basis for recording a loss contingency, including applicable budget laws and regulations.
o Unasserted claims or assessments that our lawyer has advised are probable of assertion and must be disclosed in accordance with GASB-62.
o Other liabilities or gain or loss contingencies that are required to be accrued or disclosed by GASB-62
o Continuing disclosure consent decree agreements or filings with the Securities and Exchange Commission and we have filed updates on a timely basis in accordance with the agreements (Rule 240, 1 5c2-12).
o The City has satisfactory title to all owned assets, and there are no liens or encumbrances on such assets nor has any asset or future revenue been pledged as collateral, except as disclosed to you.
. We have complied with all aspects of grant agreements and other contractual agreements that would have a material effect on the financial statements in the event of noncompliance. o There have been no changes or updates to legal information disclosed to you by our attorneys since the date of such legal response and now.

Use of a Specialist
o We agree with the findings of specialists in evaluating the City's pension liability and related deferred amounts and have adequately considered the qualifications of the specialist in determining the amounts and disclosures used in the financial statements and underlying accounting records. We did not give or cause any instructions to be given to specialists witñ respect to the values or amounts derived in an attempt to bias their work, and we are not othenruise aware of any matters that have had an impact on the independence or objectivity of the specialists.
o We believe that the actuarial assumptions and methods used to measure pension and other postemployment benefit liabilities and costs for financial accounting purposes are appropriate in the circumstances
Supplementary lnformation in Retation to the Financial Statemenús as a Whote With respect to supplementary information accompanying the financial statements:
. We acknowledge our responsibility for the presentation of the supplementary information in accordance with accounting principles generally accepted in the United States of America. . We believe the supplementary information, including its form and content, is fairly presented in accordance with accounting principles generally accepted in the United States of America. . The methods of measurement or presentation have not changed from those used in the prior period.

. We believe any significant assumptions or interpretations underlying the measurement or presentation of the supplementary information, and the basis for our assumptions and interpretations, are reasonable and appropriate in the circumstances. . When the supplementary information is not presented with the audited financial statements, management will make the audited financial statements readily available to the intended users of the supplementary information no later than the date of issuance by the entity of the supplementary information and the auditor's report thereon. . We acknowledge our responsibility to include the auditor's report on the supplementary information in any document containing the supplementary information and that indicates the auditor reported on such supplementary information.
o We acknowledge our responsibility to present the supplementary information with the audited financial statements or, if the supplementary information will not be presented with the audited financial statements, to make the audited financial statements readily available to the intended users of the supplementary information no later than the date of issuance by the entity of the supplementary information and the auditor's report thereon.

Required Supplementary Information
With respect to the required supplementary information accompanying the financial statements:
. We acknowledge our responsibility forthe presentation of the required supplementary information in accordance with U.S. GAAP.
. We believe the required supplementary information, including its form and content, is measured and fairly presented in accordance with U.S. GAAP.
o The methods of measurement or presentation have not changed from those used in the prior period.
o We believe the significant assumptions or interpretations underlying the measurement or presentation of the required supplementary information, and the basis for our assumptions and interpretations, are reasonable and appropriate in the circumstances.

Signature
Title: Finance Director/Citv Treasurer

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REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT

OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH

GOVERNMENT AUDITING STANDARDS
Independent Auditor's Report
To the Honorable Mayor and Members of the City Council
City of Yorba Linda
Yorba Linda, California
We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, the aggregate remaining fund information and each major fund of the City of Yorba Linda (the City) as of and for the year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated February 28, 2024.

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

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

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.

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

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

San Bernardino, California
February 28, 2024

PUBLIC WORKS DEPARTMENT
DATE: MARCH 19, 2024
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: JAMIE LAI, P.E., DIRECTOR OF PUBLIC WORKS/CITY ENGINEER PREPARED BY: AUSTIN POSTOVOIT, SENIOR MANAGEMENT ANALYST SUBJECT: ADOPTION OF RESOLUTION NO. 2024-5880 INITIATING PROCEEDINGS

RELATIVE TO LEVYING ANNUAL STREET LIGHTING AND LANDSCAPE

MAINTENANCE ASSESSMENT DISTRICT (LMAD) ASSESSMENTS FOR
FISCAL YEAR 2024/2025

RECOMMENDATION
It is recommended that the City Council Adopt the proposed Resolution No. 2024-5880, initiating proceedings to levy annual assessments for Fiscal Year 2024/2025 for the Street Lighting and Landscape Maintenance Assessment District (LMAD), and ordering the Engineer to prepare and file a report in accordance with the Landscaping and Lighting Act of 1972 (Streets and Highways Code).

BACKGROUND
The City’s LMAD was formed pursuant to the Landscaping and Lighting Act of 1972, which is included in the State of California Streets and Highways Code Division 15, Part 2, and the provisions of the California Constitution, Article XIII D (commonly referred to as Proposition 218). Under such provisions, the City annually levies and collects special assessments for the City’s LMAD in order to provide and maintain various landscaping, lighting and traffic signal improvements throughout the City that provide benefits to properties within the LMAD.

To that end, annually, the City is required to prepare an Engineer’s Report identifying the proposed assessments for the fiscal year and setting forth the proposed changes and/or new improvements as well as describing the servicing, maintenance, and operation of the public lighting and landscaping maintenance facilities within the City. The City has an existing professional services agreement with Willdan Financial Services (Willdan) to prepare the Engineer’s Report and perform associated services.

In addition to providing for the preparation of the annual Engineer’s Report, the professional services agreement with Willdan also includes a scope component for as needed engineering and associated services. The majority of the additional services relate to the provision of specific standalone Proposition 218 studies, reports, and balloting services for underfunded LMAD zones as needed.

A D O P T I O N O F R E S O L U T I O N N O . 2 0 2 4 - 5 8 8 0 I N I T I A T I N G

P R O C E E D I N G S R E L A T I V E T O L E V Y I N G A N N U A L S T R E E T L I G H T I N G

A N D L A N D S C A P E M A I N T E N A N C E A S S E S S M E N T D I S T R I C T ( L M A D ) A S S E S S M E N T S F O R F I S C A L Y E A R 2 0 2 4 / 2 0 2 5 P a g e | 2

DISCUSSION
The proposed Resolution orders the preparation and filing of an Engineer’s Report in accordance with the Streets and Highways Code of the State of California (Section 22622).

The LMAD is an allowable method to service, maintain and operate street lighting, traffic signals, and landscape improvements and facilities, with the special benefit costs of those various improvements being proportionately assessed on those properties within the District that receive special benefits from the servicing, maintenance, and operation of those improvements. The first step in the process involves the adoption of a resolution ordering the Engineer to prepare and file a report. The procedural steps necessary to levy the annual assessment are briefly summarized as follows:

1. Adopt a resolution initiating proceedings and ordering the Engineer to prepare and file a report for Fiscal Year 2024/2025.

2. Adopt a resolution approving the Engineer’s Report and adopt a resolution declaring the intention to levy and collect assessments and setting a public hearing date. Both resolutions are tentatively scheduled for the May 7, 2024, City Council meeting.

3. Conduct a public hearing and adopt a resolution confirming the levying of assessments, which is tentatively scheduled for the June 4, 2024, City Council meeting.

It should be noted that the tentative target dates listed above are subject to change based upon meeting availability, budget preparation timelines and other factors.

FISCAL IMPACT
Funds necessary for the development of the annual Engineer’s Report are included in the current fiscal year’s approved LMAD Operating budget (2010350-431480).

ALTERNATIVES
Do not adopt Resolution No. 2024-5880. This alternative would hinder the City’s ability to assess properties for funding of the assessment district.

ATTACHMENTS
Attachment 1 - Resolution No. 2024-5880.

RESOLUTION NO. 2024-5880

A RESOLUTION OF THE CITY COUNCIL OF THE CITY

OF YORBA LINDA, CALIFORNIA, PURSUANT TO THE
LANDSCAPING AND LIGHTING ACT OF 1972
(SECTIONS 22500 ET. SEQ. OF THE CALIFORNIA

STREETS AND HIGHWAYS CODE) INITIATING

PROCEEDINGS TO LEVY ANNUAL ASSESSMENTS
FOR THE 2024/2025 FISCAL YEAR FOR THE CITY OF

YORBA LINDA STREET LIGHTING AND

LANDSCAPING MAINTENANCE ASSESSMENT

DISTRICT AND ORDERING THE ENGINEER TO

PREPARE AND FILE A REPORT IN ACCORDANCE
WITH ARTICLE 4 OF CHAPTER 1 OF SAID ACT
WHEREAS, the City Council of the City of Yorba Linda did form the City of Yorba Linda Street Lighting and Landscaping Maintenance Assessment District (“District”) pursuant to the provisions of the Landscape and Lighting Act of 1972 (Streets and Highways Code), in which assessments were levied and collected for Fiscal Year 2023/2024; and
WHEREAS, said Act requires that proceedings for the levy of annual assessments shall be initiated by resolution describing any proposed new improvements or any substantial changes in existing improvements in accordance with Chapter 3 (commencing with Section 22620) of Part 2 of Division 15 of the Streets and Highway Code of the State of California, and ordering the engineer to prepare and file a report in accordance with Article 4 of Chapter 1 of said Act.

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

SECTION 1. The City Council of the City of Yorba Linda proposes the levy of an annual assessment for the City of Yorba Linda Street Lighting and Landscaping Maintenance District pursuant to the Landscaping and Lighting Act of 1972 for Fiscal Year 2024/2025.

SECTION 2. The proposed improvements for the Fiscal Year 2024/2025 are generally described as the servicing, maintaining and operating of public street lighting, traffic signals, and landscaping improvements and facilities, including newly accepted improvements or improvements prior to vacation by the District.

SECTION 3. The City Council hereby orders the City Engineer to prepare and file with the City Clerk a written report in accordance with Section 22565 et. seq. of the California Streets and Highways Code.

R E S O L U T I O N N O . 2 0 24 - 5 8 8 0
P A G E N O . 2
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Yorba Linda on this 19th day of March 2024. ___________________________

TARA CAMPBELL, MAYOR

CITY OF YORBA LINDA
ATTEST:
___________________________

MARCIA BROWN, CITY CLERK

CITY OF YORBA LINDA
APPROVED AS TO FORM:

RUTAN & TUCKER LLP
___________________________

CITY ATTORNEY

R E S O L U T I O N N O . 2 0 24 - 5 8 8 0
P A G E N O . 3

STATE OF CALIFORNIA )
ss.

COUNTY OF ORANGE )
I, MARCIA BROWN, City Clerk of the City of Yorba Linda, California, DO HEREBY CERTIFY that the foregoing Resolution was adopted at a regular meeting of the City Council of the City of Yorba Linda held on the 19th day of March, 2024, and was carried by the following roll call vote:

AYES: COUNCILMEMBERS:

NOES: COUNCILMEMBERS:

ABSENT: COUNCILMEMBERS:
__________________________

MARCIA BROWN, CITY CLERK

CITY OF YORBA LINDA

PUBLIC WORKS DEPARTMENT
DATE: MARCH 19, 2024
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: JAMIE LAI, P.E., DIRECTOR OF PUBLIC WORKS/CITY ENGINEER PREPARED BY: AUSTIN POSTOVOIT, SENIOR MANAGEMENT ANALYST SUBJECT: APPROVAL COOPERATIVE AGREEMENT AMONG THE CITIES OF

YORBA LINDA, ANAHEIM, PLACENTIA, AND FULLERTON FOR THE

YORBA LINDA BOULEVARD / WEIR CANYON ROAD CORRIDOR
TRAFFIC SIGNAL SYNCHRONIZATION PROJECT (TC231003)

RECOMMENDATION
It is recommended that the City Council:
1) Approve the Cooperative Agreement among the cities of Yorba Linda, Anaheim, Placentia, and Fullerton for the Yorba Linda Boulevard / Weir Canyon Road Corridor Traffic Signal Synchronization Project (TC231003); and
2) Approve a supplemental budget appropriation in an aggregate amount of $2,465,566.00 with an increase to the Capital Improvement Program Fund (401) budget for Project TC231003; funding will be categorized in amounts of $2,433,262.59 for Miscellaneous Grants Fund (207), and $32,303.41 for the Lighting and Signal Fund (407); and
3) Authorize the City Manager to sign and execute the Cooperative Agreement and potential future amendments to the agreement on behalf of the City Council.

BACKGROUND
The Yorba Linda Boulevard/Weir Canyon Road Corridor Regional Traffic Signal Synchronization (RTSSP) project is a multi-agency synchronization of traffic signals on the Yorba Linda Boulevard/Weir Canyon Road Corridor. The approximate 11-mile project segment covers 47 traffic signals from State College Boulevard in the City of Fullerton, through the Cities of Placentia and Yorba Linda and culminates at Oak Canyon Drive in the City of Anaheim. Since the majority (23 out of 47) of the traffic signals on this corridor are within the city limits, the City of Yorba Linda is acting as the lead agency for this project and will be collaborating with all involved agencies to ensure successful delivery of design and construction services. As a part of the project, the City of Yorba Linda will be receiving cabinet/controller upgrades, communication upgrades, and traffic management center upgrades.

A P P R O V A L C O O P E R A T I V E A G R E E M E N T A M O N G T H E C I T I E S O F

Y O R B A L I N D A , A N A H E I M , P L A C E N T I A , A N D F U L L E R T O N F O R T H E

Y O R B A L I N D A B O U L E V A R D / W E I R C A N Y O N R O A D C O R R I D O R T R A F F I C S I G N A L S Y N C H R O N I Z A T I O N P R O J E C T ( T C 2 3 1 0 0 3 ) P a g e | 2
On August 9, 2021, the Orange County Transportation Authority (OCTA) Board of Directors (Board) issued calls for projects for the 2022 Comprehensive Transportation Funding Program (CTFP). The CTFP is the mechanism by which OCTA administers competitive funding for street and roads projects. In October of 2021 the City Council approved the submission of a CTFP application and approved a Yorba Linda commitment of matching funds for the project in an amount of $431,250.00, which was equal to the City’s 20% obligation at the time. OCTA’s Board approved programming recommendations for the Yorba Linda Boulevard/Weir Canyon Road Regional Traffic Signal Synchronization Project.

The approval funded 80% of the $4,302,312.00 project costs via Measure M2 competitive grant funds and obligated a cumulative 20% Local Match amount of $860,462.00. However, on May 9, 2022, OCTA approved programming recommendations for the RTSSP Project that allowed for a cost escalation for the project, raising the total project cost as well as the grant and local match amounts (as shown in Table 1 of the discussion section).

On May 16, 2023, the City Council approved the award of a Professional Services Agreement to Iteris, Inc., in the amount of $1,217,951.98 for the Design of the RTSSP (TC231003). Design is currently underway and eventual construction level activities will not begin until after plans, specifications and other necessary documents are completed and reviewed by all participating cities. On January 11, 2024, the City of Yorba Linda, as the lead agency, entered into a Cooperative Agreement with Caltrans, on behalf of corridor agencies, to coordinate the implementation of Intelligent Transportation System (ITS) equipment and coordinated signal synchronization at intersections between city streets and State Highway System Off-Ramps.

DISCUSSION
The project is to provide improvements at forty-seven (47) traffic signals along Yorba Linda Boulevard and Weir Canyon Road. The scope of work includes:
 Hardware and software upgrades to traffic controllers, traffic telecommunications, master controllers and associated systems.
 Development, implementation and fine-tuning of coordination signal timing for various peak, and the ongoing monitoring and maintenance of the coordinated signal system operation.
 Review, implementation and maintenance of signal timing at forty (40) offset traffic signals, defined as signalized intersections situated within 2700’ along the side streets of the Project corridor signals.

As lead agency, the City of Yorba Linda is obligated to coordinate activities amongst the other participating cities. One key obligation was formalizing the cost share and project responsibilities amongst the cities by negotiating and bringing about the execution of a cooperative agreement (Attachment 1). The cooperative agreement notably designates shared responsibilities amongst all cities party to the agreement, which include coordination, support, maintenance, waiver of permitting fees, and ensuring project documentation takes place. Moreover, the agreement also outlines the roles and responsibilities of Anaheim,

A P P R O V A L C O O P E R A T I V E A G R E E M E N T A M O N G T H E C I T I E S O F

Y O R B A L I N D A , A N A H E I M , P L A C E N T I A , A N D F U L L E R T O N F O R T H E

Y O R B A L I N D A B O U L E V A R D / W E I R C A N Y O N R O A D C O R R I D O R T R A F F I C S I G N A L S Y N C H R O N I Z A T I O N P R O J E C T ( T C 2 3 1 0 0 3 ) P a g e | 3
Placentia, and Fullerton regarding implementation and funding for the project. Lastly, the agreement delineates responsibilities of Yorba Linda acting as lead agency, primarily obligating the City to serve in a lead capacity in administering the agreement, managing consultants and contractors, pay all project costs and subsequently appropriately invoice other agencies for work performed in their portion of the scope.

The agreement formalizes Anaheim, Placentia, and Fullerton’s authorization of OCTA to distribute their proportional share of the project grant amount (80% of the project cost, by agency) to Yorba Linda in order to pool the cities’ grant funds to effect completion of a more thorough Project than could be accomplished by each city individually. As such, the City of Yorba Linda will be required to appropriate all the project grant funds as shown in the table below, in addition to funding required to meet its own cost share. Further, Yorba Linda will be required to appropriate sufficient funding to cover the incurred matching costs of each city (up to $460,809.79, which is the total Local Agency match amount less Yorba Linda’s portion of the match), make necessary project payments on the other cities’ behalf and then invoice the cities to request reimbursement.

TABLE 1 – TOTAL PROJECT COST SUMMARY
The tables differentiate between Primary Implementation (PI) and Operation and Maintenance (O&M) phases of the project, but both phases contribute to the project totals.

Additionally incorporated into the agreement is an exhibit that delineates specific task obligations and budget breakdowns by applicable City. Yorba Linda’s project task Table, outlining the subtask values and line items, can be seen in the following table:

A P P R O V A L C O O P E R A T I V E A G R E E M E N T A M O N G T H E C I T I E S O F

Y O R B A L I N D A , A N A H E I M , P L A C E N T I A , A N D F U L L E R T O N F O R T H E

Y O R B A L I N D A B O U L E V A R D / W E I R C A N Y O N R O A D C O R R I D O R T R A F F I C S I G N A L S Y N C H R O N I Z A T I O N P R O J E C T ( T C 2 3 1 0 0 3 ) P a g e | 4
TABLE 2 – YORBA LINDA SPECIFIC PROJECT COST SUMMARY
The City Councils of Anaheim, Placentia and Fullerton have each approved the attached cooperative agreement in February and March respectively. Each City has signed in counterpart and upon Yorba Linda’s Council approval and City Manager’s signature, the fully executed agreement will be provided to each city and to OCTA.

FISCAL IMPACT
Appropriations are required to cover the City of Yorba Linda’s local match cost escalation, provide sufficient project budget to make local match payments on behalf of the Cities of Anaheim, Placentia, and Fullerton for their portion of the 20% local match, and account for the OCTA 80% project share.

Therefore, staff is recommending that the City Council approve an aggregate appropriation in the amount of $2,465,566.00, with a corresponding budget increase to the TC231003 project budget. This amount will be inclusive of $32,303.41 from the Lighting and Signal Fund (407) to account for Yorba Linda’s local match share of the project, and $2,433,262.59 bearing a Miscellaneous Grants Fund (207) categorization. The Miscellaneous Grants amount is comprised of a $1,972,452.80 portion, to account for the remaining balance of the OCTA grant share of the project and $460,809.79 to account for the cumulative local match shares of Anaheim, Placentia, and Fullerton (as noted in Table 1).

Upon the approval of the recommended appropriations, the total TC231003 Project budget will be $4,621,816.00. Of that total, $3,697,452.80 (80%) will be programmed as Miscellaneous grant in accordance with OCTA’s grant share. Of the remaining 20% of the programmed project budget, an amount of $463,553.41 (Yorba Linda’s Local Share) will be programmed with Local Lighting & Signal funding (407), and $460,809.79 (Anaheim, Placentia, and Fullerton’s Local Share) will be programmed as grant funding. The $460,809.79 appropriated for the other Cities’ shares will be fully reimbursable to Yorba Linda and will be invoiced to each agency for repayment and will be booked appropriately as offsetting revenue.

A P P R O V A L C O O P E R A T I V E A G R E E M E N T A M O N G T H E C I T I E S O F

Y O R B A L I N D A , A N A H E I M , P L A C E N T I A , A N D F U L L E R T O N F O R T H E

Y O R B A L I N D A B O U L E V A R D / W E I R C A N Y O N R O A D C O R R I D O R T R A F F I C S I G N A L S Y N C H R O N I Z A T I O N P R O J E C T ( T C 2 3 1 0 0 3 ) P a g e | 5

ALTERNATIVES
Do not authorize the City Manager to sign the Cooperative Agreement. However, it is not recommended as it will delay the retiming effort of traffic signals along Yorba Linda Boulevard.

ATTACHMENTS
Attachment 1 – Cooperative Agreement

1 COOPERATIVE AGREEMENT

AMONG THE CITIES OF YORBA LINDA, ANAHEIM, PLACENTIA, AND FULLERTON

FOR THE YORBA LINDA BOULEVARD / WEIR CANYON ROAD CORRIDOR

TRAFFIC SIGNAL SYNCHRONIZATION PROJECT
THIS COOPERATIVE AGREEMENT (“AGREEMENT”) is made and entered into this __ day of ____ , 2024 ("Effective Date"), by and among the CITY OF YORBA LINDA, a municipal corporation ("YORBA LINDA"), the CITY OF ANAHEIM, a municipal corporation ("ANAHEIM"), the CITY OF PLACENTIA, a municipal corporation ("PLACENTIA"), and the CITY OF FULLERTON, a municipal corporation ("FULLERTON"). YORBA LINDA, ANAHEIM, PLACENTIA, and FULLERTON are collectively referred to herein as "CITIES" or individually as “CITY”.

RECITALS
Whereas, YORBA LINDA applied for a grant from the Orange County Transportation Authority ("OCTA") as part of the Renewed Measure M (M2) Regional Traffic Signal Synchronization Program ("RTSSP") (Project P), aimed to coordinate traffic signals across multiple jurisdictions to enhance countywide traffic flow and reduce congestion (the "APPLICATION").

Whereas, the Yorba Linda Boulevard/Weir Canyon Road Traffic Signal Synchronization Project (the "PROJECT") was selected by OCTA as one of the RTSSP projects to be funded in Fiscal Year 2022-2023, based on the APPLICATION submitted by YORBA LINDA on behalf of CITIES.

Whereas, OCTA and YORBA LINDA entered into a Master Funding Agreement, effective August 1, 2022 (Agreement No. C-1-2789), defining the terms and conditions for approved Measure M2 projects.

Whereas, CITIES desire to initiate and implement the PROJECT, with YORBA LINDA as the lead agency.

Whereas, CITIES desire to enter into this AGREEMENT to demonstrate their commitment to improving traffic signal synchronization opportunities for Orange County and to develop and implement the PROJECT.

Whereas, CITIES desire to set specific terms, conditions, and funding responsibilities among the CITIES for the implementation of the PROJECT.

Whereas, CITIES acknowledge that other RTSSP corridor projects are currently underway or completed which intersect the PROJECT, and that these other RTSSP corridor timing operations must be incorporated into the design and completion of this PROJECT.

NOW, THEREFORE, it is mutually understood and agreed by the CITIES as follows:

1. TERM
This AGREEMENT shall commence on the Effective Date and continue in full force and effect until December 31, 2030.

2 2. SCOPE OF PROJECT
A. The PROJECT includes improvements at forty-seven (47) traffic signals along Yorba Linda Boulevard and Weir Canyon Road as described in and at an estimated cost as set forth in the PROJECT APPLICATION attached as Exhibit "A" and incorporated herein by this reference.

B. The PROJECT includes elements identified in the APPLICATION, including certain hardware and software upgrades to traffic controllers, traffic telecommunications, master controllers and associated systems (collectively referred to as "Traffic Control Elements"), and these Traffic Control Elements will be constructed and/or installed and implemented as part of the PROJECT as identified in the APPLICATION, attached as Exhibit "A." C. The PROJECT includes the development, implementation and fine-tuning of coordination signal timing for various peak periods for the forty-seven (47) traffic signals along Yorba Linda Boulevard and Weir Canyon Road, and the ongoing monitoring and maintenance of the coordinated signal system operation including timing coordination and system communication/detection upkeep for two years for the forty-seven (47) traffic signals along the PROJECT corridor.

D. The PROJECT includes the review, implementation and maintenance of signal timing at forty (40) offset traffic signals, defined as signalized intersections situated within 2700’ along the side streets of the PROJECT corridor signals.

3. SHARED RESPONSIBILITIES
A. CITIES agree to coordinate the inclusion of other Traffic Control Elements and in-kind services to be integrated during the construction of the PROJECT that are not included in the PROJECT APPLICATION and that the applicable CITY will have the responsibility for verifying and coordinating during the course of the PROJECT. All costs associated with the inclusion of other Traffic Control Elements, if any, are the sole responsibility of the CITY owning each and any of those other elements during the PROJECT.

B. CITIES agree to implement the PROJECT based on Exhibit "A," including a combined cash match of approximately Nine Hundred Twenty-Four Thousand, Three Hundred and Sixty-Three Dollars and Twenty Cents ($924,363.20), which equals twenty percent (20%) of the PROJECT cost of Four Million, Six Hundred Twenty-One Thousand, Eight Hundred and Sixteen Dollars ($4,621,816) split with the following cost contribution of cash and inkind services as summarized in “Table 1” below.

3 TABLE 1
Notes: PI - Primary Implementation Phase
O&M - Operations and Maintenance Phase
CITIES agree the final PROJECT cost amounts and the corresponding local agency matches may vary and will be based on 20% of the actual PROJECT cost of implementing all timing, improvements, and maintenance, as identified in the PROJECT application.

OCTA will fund the remaining 80% of the PROJECT cost estimated at Three Million, Six Hundred Ninety-Seven Thousand, Four Hundred and Fifty-Two Dollars and Eighty Cents ($3,697,452.80).

C. CITIES agree that unused PROJECT funds from one CITY may be used by another CITY (with matching fund responsibility) upon mutual written agreement of CITIES.

D. In the event the cost of the PROJECT exceeds the estimates as submitted in the APPLICATION, YORBA LINDA shall meet with the affected CITY to determine revisions to the PROJECT. Any revisions necessitating an increase to the budget(s) or revised funding proposal(s) are subject to advanced written approval by the affected CITY. Any cost overruns shall be the financial responsibility of the jurisdiction where the work improvement occurs, or, causes the required improvement.

E. CITIES agree to:
1) Designate a technical lead person to act as the liaison for the PROJECT. The liaison and any other required personnel shall attend and participate in all PROJECT-related meetings and participate in the OCTA Traffic Forum. 2) Participate, cooperate and coordinate with contractors, consultants, vendors and staff in good faith using reasonable efforts to resolve any unforeseen issues and disputes arising out of the PROJECT to the extent practicable with respect to the performance of the PROJECT.

PI O&M PI + O&M PI O&M PI + O&M
Fullerton $665,584.60 $32,400.00 $697,984.60 $133,116.92 $6,480.00 $139,596.92 Placentia $761,074.90 $39,600.00 $800,674.90 $152,214.98 $7,920.00 $160,134.98 Yorba Linda $2,213,367.03 $104,400.00 $2,317,767.03 $442,673.41 $20,880.00 $463,553.41 Anaheim $760,389.48 $45,000.00 $805,389.48 $152,077.90 $9,000.00 $161,077.90 Total: $4,400,416.00 $221,400.00 $4,621,816.00 $880,083.20 $44,280.00 $924,363.20 $3,697,452.80
Agency
Project Cost
OCTA 80% share:

Local Agency In-Kind Match (@ 20%)
Yorba Linda Blvd/Weir Canyon Rd Corridor Project Cost Summary

4 3) Participate and support the PROJECT implementation within the timeframe outlined in the APPLICATION and consistent with OCTA’s Comprehensive Transportation Funding Programs (“CTFP”) Guidelines.
4) Provide YORBA LINDA with all current intersection, local field master, and/or central control system timing plans and related data upon request. 5) Identify and verify the upgrades to Traffic Control Elements to be constructed and installed as part of the PROJECT and as identified in the project application for each city.
6) Coordinate the inclusion of other Traffic Control Elements and in-kind services, where necessary, that CITIES require for the implementation of the PROJECT but are not included in the project application. Each CITY shall be responsible for the inclusion of such elements within reason.
7) Maintain PROJECT-related signals and telecommunications equipment with high priority during the PROJECT and be responsible for repair of the signal control systems in CITIES’ own jurisdiction.
8) Provide on-site support for signal control systems, timing plans, detection systems and related equipment during construction, installation and integration, and be available to change or make adjustments to timing plans at a central or field location when necessitated by the PROJECT.
9) Waive all fees associated with any local agency permits that may be required of the consultant, sub-consultants, contractors and/or service or equipment providers in the performance of the PROJECT.
10) Document in-kind match or dollar match funding as identified in the project application and provide verification of such expenditures as part of any required review or audit process, which may include payroll records, contracts and purchase orders.

Documentation of CITIES’ in-kind services, such as administrative services, design and construction-related services including equipment procurement of Cityfurnished PROJECT equipment and inspection, shall meet OCTA CTFP Guidelines.
11) Maintain and operate the forty-seven (47) traffic signals along Yorba Linda Boulevard/Weir Canyon Road and their respective improvements for a period of two (2) years following the completion of the Primary Implementation Phase of the PROJECT.

Review, implement and maintain signal timing at the forty (40) offset traffic signals for a period of two (2) years following the completion of the Primary Implementation Phase of the PROJECT.

5 4. RESPONSIBILITIES OF ANAHEIM, PLACENTIA, AND FULLERTON A. ANAHEIM, PLACENTIA, and FULLERTON agree to the following responsibilities for implementation and funding of the PROJECT:
1) To designate YORBA LINDA as the Administering Agency for the PROJECT, authorizing YORBA LINDA to manage, procure and implement all aspects of the PROJECT.
2) To authorize YORBA LINDA to enter into a Cooperative Agreement on CITIES’ behalf with the State of California Department of Transportation (”CALTRANS”) to coordinate the implementation of Intelligent Transportation System (ITS) equipment and coordinated signal synchronization at intersections between city streets and State Highway System Off-Ramps ( CALTRANS Improvements). Such Cooperative Agreement for General Traffic Signal Synchronization is required by CALTRANS. (This Section is not applicable to PLACENTIA.)
3) To reimburse YORBA LINDA for the costs of improvements and coordination attributable to CALTRANS Improvements in each ’ CITY’s jurisdiction. Payment shall be within thirty (30) days of receipt of invoice from YORBA LINDA. (This Section is not applicable to PLACENTIA.)
4) To authorize OCTAto distribute its grant allocation of approximately Three Million, Six Hundred Ninety-Seven Thousand, Four Hundred Fifty-Two Dollars and Eighty Cents ($3,697,452.80) to YORBA LINDA in order to pool the CITIES’ grant funds to effect completion of a more thorough PROJECT than could be accomplished by each CITY individually.
5) To contribute CITIES’ match share of cash and in-kind services as set forth in Table 1, within Section 3.B, above. Payment shall be within thirty (30) days of receipt of invoice from YORBA LINDA.
6) To provide detailed documentation supporting any in-kind match set forth in Table 1, within Section 3.B, above, to the reasonable satisfaction of YORBA LINDA.

Documentation of CITIES’ in-kind services, such as administrative services, design and construction-related services including equipment procurement of City-furnished PROJECT equipment and inspection, shall meet OCTA CTFP Guidelines. 7) To help develop the PROJECT scope, attend team meetings, and review all consultant and administrative reports pertaining to the scope of work in their individual jurisdictions.
8) To provide required updates as requested by OCTA as part of the semi-annual review process until the completion of the grant period. Documents to be provided include but

6 are not limited to payroll records, contracts, and purchase orders related to the PROJECT.

B. ANAHEIM may request to implement, within its own jurisdiction, Tasks 3 as listed in the Primary Implementation Phase as specified in Exhibit “A”, in coordination with and the written approval of YORBA LINDA as follows:
1) Prior to YORBA LINDA granting approval of ANAHEIM’s request, ANAHEIM shall initiate discussions with and obtain concurrence from OCTA. 2) ANAHEIM shall assume responsibility for the coordination, design, construction and integration of all field and Traffic Management Center elements in the assigned Tasks and according to the timeline as set forth in the APPLICATION. 3) ANAHEIM shall ensure its PROJECT Tasks are performed in accordance with OCTA’s Comprehensive Transportation Funding Program Guidelines. 4) Any change in scope from Exhibit “A” or change in budget as outlined in Task 3.B as it pertains to any Tasks undertaken by ANAHEIM shall require prior written approval from YORBA LINDA.
5) ANAHEIM’s responsibilities and the required timeline shall be set forth in a separate writing, signed by the designated project managers for ANAHEIM and YORBA LINDA.
6) Failure of ANAHEIM to perform Tasks 3 within the approved timeline and according to the approved scope may result in a loss of funding or costs deemed ineligible for reimbursement. Costs incurred by ANAHEIM that are deemed ineligible shall be the sole responsibility of ANAHEIM.
7) ANAHEIM shall fund the approved Tasks as the costs are incurred. ANAHEIM shall receive reimbursement for said Tasks after OCTA approves such expenses.

5. RESPONSIBILITIES OF YORBA LINDA
YORBA LINDA agrees to the following responsibilities for implementation and funding of the PROJECT:

A. To manage the PROJECT for CITIES. YORBA LINDA shall act as the Administering Agency for the work for all CITIES. Within ten (10) days after this Agreement has been executed, YORBA LINDA will provide an executed copy of this Agreement to OCTA, pursuant to the terms and conditions set forth herein.

B. To contribute its match share of cash as set forth in Table 1, within Section 3.B, above.

7 C. To enter into any required Cooperative Agreement with CALTRANS regarding CALTRANS Improvements in CITIES; to comply with all the terms and conditions of said Cooperative Agreement; to pay invoices for such CALTRANS Improvements as required by CALTRANS; and to invoice CITIES in a timely manner with detailed documentation of said CALTRANS Improvements.

D. To work cooperatively with CITIES; to ensure that CITIES have the opportunity to provide meaningful input into all phases of the PROJECT; to ensure that CITIES’ staff has adequate time to review all draft reports, contracts, the proposed scope of work, and any other pertinent information; and to convene regular meetings of staff representatives from CITIES to provide a regular process of input from CITIES to the consultant team.

E. To enter into an agreement with a qualified consultant and contractor to assist in the completion and monitoring of the PROJECT.

F. To coordinate the work effort of the PROJECT, provide the day to-day management of the PROJECT, and manage all consultant and contractor administration and contracting.

YORBA LINDA shall review and pay all consultant and contractor invoices accordingly after ensuring that the work has been satisfactorily performed.

G. To provide ongoing maintenance and operation of optimized signal timing after the Primary Implementation phase of the PROJECT is completed and to continue such maintenance until the end of the grant period and provide verification of such activities as required by Measure M2 program funding.

H. To comply with all of the terms and conditions of its Master Funding Agreement with OCTA, including the project reporting and auditing requirements contained therein.

6. MUTUAL INDEMNIFICATION
YORBA LINDA and the participating CITIES agree to indemnify, defend and hold harmless all PROJECT CITIES, their elected officials, officers, agents and employees from and against all claims (including attorney's fees and reasonable expenses for litigation and settlement) for any loss or damages, bodily injuries, damage to, or loss of property caused by negligent acts, omission or willful misconduct of the CITIES, their officers, agents and employees in connection with or arising out of the performance of this Agreement.

7. INSURANCE
A. CITIES shall each maintain and keep in full force and effect during the term of this Agreement insurance or a program of self-insurance against claims for injuries to persons or damages to property which may arise in connection with CITIES' performance of their obligations hereunder.

B. CITIES shall require their consultants and contractors performing work in connection with this Agreement to obtain and maintain the following minimum amount of insurance during the term of this Agreement as described below:

8 1) General liability insurance in the amount of $1,000,000 per occurrence. Such insurance shall: (a) cover bodily injury, death and property damage; (b) name CITIES, and their elected officials, officers, employees, agents, volunteers and representatives as additional insured(s); and (c) be primary and not contributory with respect to insurance or self-insurance programs maintained by the CITY. 2) Business automobile liability with a combined single limit of $1,000,000. Said insurance shall cover bodily injury, death and property damage for all owned, nonowned and hired vehicles and be written on an occurrence basis. 3) Workers' compensation insurance as required by law with any required employer's liability insurance with limits not less than $1,000,000 per accident. 4) Professional liability insurance covering errors and omissions arising out of the performance of this Agreement with a minimum limit of $1,000,000 per claim.

Contractor shall agree to keep such policy in force and effect for PROJECT duration.

C. The insurance policies maintained by a consultant or contractor shall be primary insurance and no insurance held or owned by CITIES shall be called upon to cover any loss under the policy. A consultant or contractor will determine its own needs in procurement of insurance to cover liabilities other than as stated above.

D. Before a consultant or contractor performs any work or prepares or delivers any materials, it shall furnish certificates of required insurance and endorsements to CITIES, evidencing the aforementioned minimum insurance coverages on forms acceptable to YORBA LINDA, which shall provide that the insurance in force will not be canceled or allowed to lapse without at least ten (10) days' prior written notice to CITIES.

E. If a consultant or contractor maintains broader coverage and/or higher limits than the minimums described above, the CITIES shall require and shall be entitled to the broader coverage and/or higher limits maintained by the consultant or contractor.

8. GENERAL PROVISIONS
A. Completed Agreement. This Agreement, including any attachments incorporated herein and made applicable by reference, constitutes the complete and exclusive statement of the terms and conditions of the agreement among CITIES and it supersedes all prior representations, understandings and communications among the parties.

B. Representatives. YORBA LINDA, PLACENTIA and FULLERTON each designate their respective City Manager or his/her designee to be the representative of YORBA LINDA, PLACENTIA and FULLERTON respectively for purposes of this Agreement. ANAHEIM designates their Director of Public Works or his/her designee to be the representative of ANAHEIM for the purposes of this Agreement. The City Manager and Director of Public

9 Works respectively may issue all consents, approvals, directives, and agreements called for by this Agreement, except as otherwise expressly provided in this Agreement.

C. Waiver. The delay or failure of any CITY at any time to require performance or compliance by the other of any of its obligations or agreements shall in no way be deemed a waiver of those rights to require such performance or compliance. No waiver of any provision of this Agreement shall be effective unless in writing and signed by a duly authorized representative of the CITY against whom enforcement of a waiver is sought. The waiver of any right or remedy in respect to any occurrence or event shall not be deemed a waiver of any right or remedy in respect to any other occurrence or event, nor shall any waiver constitute a continuing waiver.

D. Severability. If any term, provision, covenant or condition of this Agreement is held to be invalid, void or otherwise unenforceable, to any extent, by any court of competent jurisdiction, the remainder of this Agreement shall not be affected thereby, and each term, provision, covenant or condition of this Agreement shall be valid and enforceable to the fullest extent permitted by law.

E. Compliance with All Laws. CITIES shall comply with all applicable federal, state and local laws, statutes, ordinances and regulations of any governmental agency having jurisdiction over the PROJECT.

F. Force Majeure. CITIES shall not be responsible for delays or lack of performance resulting from acts beyond their reasonable control. Such acts include, but are not limited to, any incidence of fire, flood, acts of God, commandeering of material, products, plants or facilities by the federal, state or local government, national fuel shortage, pandemic, and any other conditions beyond the reasonable control of any CITY.

G. Assignment. Neither this Agreement, nor any of the CITIES' rights, obligations, or duties hereunder may be assigned in whole or in part by any CITY without the prior written consent of the other CITIES in their sole and absolute discretion. Any attempted assignment shall be deemed void and of no force and effect. Consent to one assignment shall not be deemed consent to any subsequent assignment, nor the waiver of any right to consent to such subsequent assignment.

H. Governing Law. This Agreement shall be governed by and construed under the laws of the State of California and applicable local and federal laws, regulations and guidelines.

In the event of any legal action to enforce or interpret this Agreement, the CITIES agree that the sole and exclusive venue shall be a court of competent jurisdiction located in Orange County, California.

I. Attorneys' Fees. If litigation is brought by any CITY(IES) in connection with this Agreement, the prevailing CITY(IES)shall be entitled to recover from the opposing CITY(IES) all costs and expenses, including reasonable attorneys' fees, incurred by the prevailing CITY(IES) in the exercise of its rights and remedies hereunder or the enforcement of any of the terms, conditions, or provisions hereof.

10 J. Notices. Any notices, requests, or demands made among the CITIES pursuant to this Agreement are to be directed as follows:

To YORBA LINDA:

City Clerk
City of Yorba Linda
4845 Casa Loma Ave
Yorba Linda, CA 92886
To PLACENTIA:

City Clerk
City of Placentia
401 E. Chapman Ave.

Placentia, CA 92870
To ANAHEIM:

City Clerk
City of Anaheim
200 S. Anaheim Blvd.
2nd Floor, Room 217
Anaheim, CA 92805
To FULLERTON:

City Clerk
City of Fullerton
303 W. Commonwealth Ave.

Fullerton, CA, 92832
K. Order of Precedence. In the event of an inconsistency between this Agreement and the attached Exhibit, the terms set forth in this Agreement shall prevail. If, and to the extent this Agreement incorporates by reference any provision of any document, such provision shall be deemed a part of this Agreement. Nevertheless, if there is any conflict among the terms and conditions of this Agreement and those of any such provision or provisions so incorporated by reference, this Agreement shall govern over the document referenced.

L. Headings. Paragraphs and subparagraph headings contained in this Agreement are included solely for convenience and are not intended to modify, explain or to be a full or accurate description of the content thereof and shall not in any way affect the meaning or interpretation of this Agreement.

M. Construction. The CITIES have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises with respect to this Agreement, this Agreement shall be construed as if drafted jointly by the CITIES and in accordance with its fair meaning. There shall be no presumption or burden of proof favoring or disfavoring any CITY by virtue of the authorship of any of the provisions of this Agreement.

N. Amendments. Only a writing executed by the CITIES hereto or their respective successors and assigns may amend this Agreement.

O. Counterparts of Agreement. This Agreement may be executed and delivered in any number of counterparts, each of which, when executed and delivered shall be deemed an original and all of which together shall constitute one agreement.

P. Corporate Authority. The persons executing this Agreement on behalf of the CITIES hereto warrant that they are duly authorized to execute this Agreement on behalf of said

11 CITIES and that by doing so the CITIES hereto are formally bound to the provisions of this Agreement.

IN WITNESS WHEREOF, CITIES have caused this Agreement to be executed by and through their respective authorized officers, as of the date first above written. [SIGNATURES ON FOLLOWING PAGE]

12 CITY OF YORBA LINDA,
a California municipal corporation
____________________________________
Mark A. Pulone
City Manager
ATTEST:
____________________________________
Marcia Brown
City Clerk
APPROVED AS TO FORM:
____________________________________
Todd O. Litfin
City Attorney
RECOMMENDED FOR APPROVAL:
____________________________________
Jamie Lai
Director of Public Works/City Engineer

CITY OF ANAHEIM,
a California municipal corporation
____________________________________
Ashleigh Aitken
Mayor
ATTEST:
____________________________________
Theresa Bass
City Clerk
APPROVED AS TO FORM:
____________________________________
Bryn M. Morley
Deputy City Attorney

13 CITY OF PLACENTIA,
a California municipal corporation
___________________________________
Damien R. Arrula
City Administrator
ATTEST:
____________________________________
Robert S. McKinnell
City Clerk
APPROVED AS TO FORM:
____________________________________
Christian L. Bettenhausen
City Attorney

CITY OF FULLERTON,
a California municipal corporation
_____________________________________
Eric Levitt
City Manager
ATTEST:
____________________________________
Lucinda Williams
City Clerk
APPROVED AS TO FORM:
_____________________________________
Richard D. Jones
City Attorney

14 LIST OF CONTACTS
City of Yorba Linda – Lead Agency
4845 Casa Loma Avenue
Yorba Linda, CA 92886
Tony Wang, PE, TE, PTOE
Traffic Engineering Manager
[email protected]
(714) 961-7184
City of Anaheim
200 South Anaheim Boulevard
Anaheim, CA 92805
John Thai, EE
Principal Traffic Engineer
[email protected]
(714) 765-5202
City of Placentia
401 E. Chapman Avenue
Placentia, CA 92870
Luis Estevez
Director of Public Works
[email protected]
(714) 993-8120
City of Fullerton
303 W. Commonwealth Avenue
Fullerton, CA 92838
Stephen Bise
City Engineer/Asst. Public Works Director
[email protected]
(714) 738-6852
Caltrans District 12
6681 Marine Way
Irvine, CA 92618
Shivinderjit Singh
Branch Chief – Electrical
[email protected]
(949) 936-3464

15 EXHIBIT A
City of Fullerton
Number of Signals: 12
City of Placentia
Number of Signals: 18
Cash In-Kind
$ 1,000.00 $ 7,000.00 $ 1,400.00
$ 4,000.00 $ 28,000.00 $ 5,600.00
- $ 584,784.60 $ 116,956.92 $ -
$ 5,000.00 $ 39,500.00 $ 7,900.00
$ 900.00 $ 6,300.00 $ 1,260.00
$ 300.00 $ 2,100.00 $ 420.00
$ 3,600.00 $ 28,200.00 $ 5,640.00
$ 300.00 $ 2,100.00 $ 420.00
$ 697,984.60 $ 139,596.92 $ -
$ 558,387.68 Total Match: $ 139,596.92
Total Cost
Match
Cost / Int
Task 5: Project Report
Project Tasks (Fullerton)
Task 1: Project Management - PI Phase
Task 2: Data Collection
Task 3: System Design and Construction
Task 4: Signal Timing Optimization and Implementation
Task 6: Project Management - O&M Phase
Task 7: Continuing Support
Task 8: Final Technical Memorandum
PI M2 Request: $ 532,467.68 Total Project Cost:

O&M M2 Request: $ 25,920.00 Total M2 Request:

Cash In-Kind
$ 1,000.00 $ 8,000.00 $ 1,600.00
$ 4,000.00 $ 32,000.00 $ 6,400.00
- $ 664,874.90 $ 132,974.98 $ -
$ 5,000.00 $ 49,000.00 $ 9,800.00
$ 900.00 $ 7,200.00 $ 1,440.00
$ 300.00 $ 2,400.00 $ 480.00
$ 3,600.00 $ 34,800.00 $ 6,960.00
$ 300.00 $ 2,400.00 $ 480.00
$ 800,674.90 $ 160,134.98 $ -
$ 640,539.92 Total Match: $ 160,134.98
Task 1: Project Management - PI Phase
Cost / Int
Task 7: Continuing Support
Task 8: Final Technical Memorandum
Task 2: Data Collection
Task 3: System Design and Construction
Total Cost Match Project Tasks (Placentia)
Task 4: Signal Timing Optimization and Implementation
Task 5: Project Report
Task 6: Project Management - O&M Phase
PI M2 Request: $ 608,859.92 Total Project Cost:

O&M M2 Request: $ 31,680.00 Total M2 Request:

16 City of Yorba Linda
Number of Signals: 36
City of Anaheim
Number of Signals: 21
Cash In-Kind
$ 1,000.00 $ 23,000.00 $ 4,600.00
$ 4,000.00 $ 92,000.00 $ 18,400.00
- $ 1,950,967.03 $ 390,193.41 $ -
$ 5,000.00 $ 126,700.00 $ 25,340.00
$ 900.00 $ 20,700.00 $ 4,140.00
$ 300.00 $ 6,900.00 $ 1,380.00
$ 3,600.00 $ 90,600.00 $ 18,120.00
$ 300.00 $ 6,900.00 $ 1,380.00
$ 2,317,767.03 $ 463,553.41 $ -
$ 1,854,213.62 Total Match: $ 463,553.41
Task 4: Signal Timing Optimization and Implementation
Task 5: Project Report
Task 6: Project Management - O&M Phase
Task 7: Continuing Support
Task 2: Data Collection
Task 3: System Design and Construction
Cost / Int Total Cost Match
Task 8: Final Technical Memorandum
Project Tasks (Yorba Linda)
Task 1: Project Management - PI Phase
PI M2 Request: $ 1,770,693.62 Total Project Cost:

O&M M2 Request: $ 83,520.00 Total M2 Request:

Cash In-Kind
$ 1,000.00 $ 9,000.00 $ 1,800.00
$ 4,000.00 $ 36,000.00 $ 7,200.00
- $ 652,989.48 $ 130,597.90 $ -
$ 5,000.00 $ 54,900.00 $ 10,980.00
$ 900.00 $ 8,100.00 $ 1,620.00
$ 300.00 $ 2,700.00 $ 540.00
$ 3,600.00 $ 39,000.00 $ 7,800.00
$ 300.00 $ 2,700.00 $ 540.00
$ 805,389.48 $ 161,077.90 $ -
$ 644,311.58 Total Match: $ 161,077.90
Total Project Cost:

O&M M2 Request: $ 35,520.00
Total Cost Match
Task 4: Signal Timing Optimization and Implementation
Task 5: Project Report
Task 6: Project Management - O&M Phase
Task 7: Continuing Support
Task 8: Final Technical Memorandum
Task 1: Project Management - PI Phase
Task 3: System Design and Construction
Project Tasks (Anaheim) Cost / Int
Total M2 Request:

Task 2: Data Collection
PI M2 Request: $ 608,791.58

COMMUNITY DEVELOPMENT DEPARTMENT
DATE: MARCH 19, 2024
TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: DAVID BRANTLEY, DIRECTOR OF COMMUNITY DEVELOPMENT PREPARED BY: NATE FARNSWORTH, PLANNING MANAGER
SUBJECT: 2023 GENERAL PLAN ANNUAL PROGRESS REPORT

RECOMMENDATION
It is recommended that the City Council approve the General Plan Annual Progress Report (APR) for 2023 and authorize staff to send the APR to the Governor’s Office of Planning and Research (OPR) and the State Department of Housing and Community Development (HCD) in compliance with Government Code Section 65400.

BACKGROUND AND DISCUSSION
The City Council is required under state law to provide an APR to OPR and HCD pursuant to Government Code Section 65400 prior to April 1st of each year. The intent of this statute is to ensure that the General Plan directs all land use decisions and remains an effective guide for future development. The main purpose, and most important function of the APR is to provide local legislative bodies with information regarding implementation of the General Plan. In addition, the APR provides information that allows OPR and HCD to monitor local planning activities and to identify trends in land use planning and decision-making throughout the State of California.

The APR for calendar year 2023 is provided as Attachment 1. The APR includes a summary of the City’s progress towards implementing the General Plan. The City has made significant progress towards implementing the General Plan since its adoption in November 2016 and since the adoption of the Housing Element in 2022. While this APR is a report on all housing activity in the City, the vast majority of new housing units permitted in 2023 are accessory dwelling units (ADUs).

Per SB 35/SB 423, the APR is also used by HCD to determine whether a jurisdiction has made sufficient progress towards meeting its regional housing needs assessment (RHNA).

Jurisdictions that have not built their pro-rata share of RHNA within specific income categories have specific streamlining penalties:
1) Jurisdictions that have not issued building permits for their pro-rata share of lower income housing units are required to approve by right any housing project that proposes 50% affordability in the project.

2023 GENERAL PLAN ANNUAL PROGRESS REPORT
P a g e | 2
2) Jurisdictions that have not issued building permits for their pro-rata share of above moderate housing must approve by right any housing project that proposes 10% affordability in the project.

The 6
th cycle RHNA is 2,415 housing units and runs from 2021-2029. During the 6th cycle, the City has approved 34 above moderate housing units, which is below pro-rata share of the 710 assigned above moderate units (or approximately 88 units per year over the 8-year cycle).

Therefore, like most other cities in the State, HCD may determine that the City is subject to the SB 35 penalty for by right approval (i.e., “streamlined approval”) for projects providing 10% affordability until the City comes into compliance with SB 35. Compliance is determined by HCD based on production of the annual pro-rata share of assigned RHNA units within the above moderate income category. It is important to note that while SB 35 would require project proponents requesting streamlined approval to pay prevailing wages for construction, SB 423 established a three-tiered system for projects that include market-rate units to provide some flexibility to the prevailing wage requirement.

Furthermore, the City has approved 62 units of its 1,171 lower income housing obligation (or approximately 146 units per year). Similarly, like most other cities in the state, HCD may determine that the City falls into the SB 35 penalty for by right approval of housing projects with 50% affordability. However, staff believes that it is highly unlikely that a housing project would be able to provide 50% affordability without significant financial assistance. Furthermore, the City, along with most cities throughout the state, has been subject to the 50% streamlining penalty since 2018.

It is also important to note that the SB 35/SB 423 penalties are separate from the “builder’s remedy” within the Housing Accountability Act, which allows for by right approval of housing projects that do not comply with the General Plan and/or Zoning Code within jurisdictions that do not have a State-certified Housing Element. The City’s Housing Element was conditionally certified by the State in April 2022. The City has until February 2025 to implement the rezoning program outlined in the Housing Element.

Since the failed Measure Z vote in November 2022, the City has been proactively working with the Yorba Linda Resident Working Group and the general public to revise the Housing Element. On February 23, 2024, HCD completed its review of the City’s revised Housing Element and determined that it is in full compliance with State housing laws. If these rezoning efforts are not completed by February 2025, the City will likely lose State-certification of its Housing Element and would be subject to a variety to statutory penalties including builder’s remedy.

FISCAL IMPACT
None.

ATTACHMENTS
1) 2023 General Plan Annual Progress Report

Jurisdiction Yorba Linda ANNUAL ELEMENT PROGRESS REPORT Note: "+" indicates an optional field Reporting Year 2023 (Jan. 1 - Dec. 31) Housing Element Implementation Planning Period 6th Cycle 10/15/2021 - 10/15/2029
Date
Application
Submitted
Total
Approved
Units by
Project
Total
Disapproved
Units by
Project
Streamlining
2 3 4 6 7 8 9
Prior APN+ Current APN Street Address Project Name+ Local Jurisdiction Tracking ID
Unit Category
(SFA,SFD,2 to
4,5+,ADU,MH)
Tenure
R=Renter
O=Owner
Date
Application
Submitted
(see
instructions)
Very LowIncome Deed
Restricted
Very LowIncome Non
Deed
Restricted
Low-Income
Deed
Restricted
Low-Income
Non Deed
Restricted
ModerateIncome
Deed
Restricted
ModerateIncome
Non Deed
Restricted
Above
ModerateIncome
Total PROPOSED
Units by Project
Total

APPROVED
Units by project
Total

DISAPPROVED
Units by Project
Please select
streamlining
provision/s the
application was
submitted pursuant
to.

Did the housing
development
application seek
incentives or
concessions
pursuant to
Government Code
section 65915?
Summary Row: Start Data Entry Below 0 17 0 8 0 6 7 38 27 0 348-271-05 5327 LOS

ALTOS LN,

YORBA LINDA,
CA 92886
Singer ADU 2023-01
ADU R
1/26/2023
1 1 1 NONE No
334-173-09 4779 KONA

KOVE WY,

YORBA LINDA,
CA 92886
Sorrells ADU 2023-23
ADU R
8/16/2023
1 1 1 NONE No
349-263-19
4573 AVENIDA

DEL ESTE,

YORBA LINDA,
CA 92886
Girourd ADU 2023-05
ADU R
4/18/2023
1 1 1 NONE No
348-141-01 5309

GRANDVIEW

AVE, YORBA

LINDA, CA
Martin ADU 2023-02
ADU R
4/24/2023
1 1 1 NONE No
351-811-06 5190

STONEHAVEN

DR, YORBA

LINDA, CA
Naqvi ADU 2023-06
ADU R
5/30/2023
1 1 1 NONE No
348-242-08 6198

SADDLETREE

LN, YORBA

LINDA, CA
92886
Amaya ADU 2023-16
ADU R
6/26/2023
1 1 1 NONE No
323-451-42 18924

HIDEAWAY DR,

YORBA LINDA,
CA 92886
Love ADU 2023-19
ADU R
7/24/2023
1 1 1 NONE No
323-482-07 19309 GREEN

OAKS RD,

YORBA LINDA,
CA 92887
He ADU 2023-12
ADU R
7/27/2023
1 1 1 NONE No
349-211-09 20093

AVENIDA DEL
NORTE,

YORBA LINDA,
CA 92886
Yaomei ADU 2023-14
ADU R
8/10/2023
1 1 1 NONE No
349-291-13 19725

GREENLEAF

PLZ, YORBA

LINDA, CA
92886
Shahverdian ADU 2023-20
ADU R
8/15/2023
1 1 1 NONE No
323-231-07 4682

LAKEVIEW

AVE, YORBA

LINDA, CA
92886
Agahi CUP 2023-09
SFD O
8/16/2023
1 1 1 NONE No
323-231-07 4684

LAKEVIEW

AVE, YORBA

LINDA, CA
92886
Agahi ADU 2023-21
ADU R
8/16/2023
1 1 1 NONE No
Table A
Cells in grey contain auto-calculation formulas
1 5
Project Identifier Unit Types Proposed Units - Affordability by Household Incomes Density Bo Applica
10 Housing Development Applications Submitted

341-212-16 5324

LIVERPOOL

ST, YORBA

LINDA, CA
92886
Vargas ADU 2023-03
ADUR
8/21/2023
111 NONE No
323-071-38 4441 RAINBOW

LN, YORBA

LINDA, CA
92886
Arambuia ADU 2023-15
ADUR
10/6/2023
11 1 NONE No
334-361-21 4435

PALOMINO LN,

YORBA LINDA,
CA 92886
Webster ADU 2023-07
ADU
R
10/18/2023
111 NONE No
351-311-07 5230 PASEO

PANORAMA,

YORBA LINDA,
CA 92887
White ADU 2023-27
ADUR
10/25/2023
111 NONE No
323-261-04 18793 HAVEN

LN, YORBA

LINDA, CA
92886
Bawa ADU 2023-25
ADUR
10/25/2023
111 NONE No
341-213-07 17310

CALGARY AVE,

YORBA LINDA,
CA 92886
Chan ADU 2023-29
ADUR
11/16/2023
11 1 NONE No
348-391-02 5907

GRANDVIEW

AVE, YORBA

LINDA, CA
92886
Nason ADU 2023-11
ADUR
12/6/2023
111 NONE No
334-231-34 4692

PROSPECT
AVE
Amini ADU 2023-04
ADUR
3/23/2023
1 11 NONE No
343-303-01 18202 E

PEPPERGROV
E ST
Chavez ADU 2023-08
ADUR
5/1/2023
11 1 NONE No
334-403-17 4911 PARK PL Fabian ADU 2023-09 ADUR
5/11/2023
111 NONE No
343-601-02 18161 BUENA
VISTA Xiao ADU 2023-10 ADU
R
6/26/2023
111 NONE No
343-551-26 17775
APPALOOSA Laborde ADU 2023-13 ADU
R
6/10/2023
111 NONE No
322-061-08 3616 ROSE DR Creanga ADU 2023-17 ADUR
7/18/2023
111 NONE No
343-521-05 6006

GRANDVIEW
AVE
McDaniel ADU 2023-18
ADUR
7/15/2023
111 NONE No
343-521-06 6011 SHORT
ST Preciado ADU 2023-22 ADU
R
8/1/2023
1 11 NONE No
348-371-40 19000
WESTVALE LN Davis ADU 2023-24
ADUR
9/1/2023
11 NONE No
323-092-09 18040 MARK
LN Herrington ADU 2023-26 ADU
R
10/10/2023
11 NONE No
343-261-23 5202 CASA
LOMA Marton ADU 2023-28 ADU
R
10/25/2023
11 NONE No
323-271-14 4972
AVOCADO AVE Rathi ADU 2023-30
ADUR
11/29/2023
11 NONE No
341-211-04 17351
CALGARY AVE Mayorga ADU 2023-31
ADUR
12/15/2023
11 NONE No
334-192-12 4611

PROSPECT
AVE
Kim TPM 2023-119
SFDO
1/31/2023
22 NONE No
353-634-17 5005 HIDDEN
GLEN LN Hardas TPM 2021-145 SFD
O
3/2/2023
44 NONE No

Table A2
2 3 5 6
Prior APN+ Current APN Street Address Project Name+ Local Jurisdiction Tracking ID
Unit Category
(SFA,SFD,2 to
4,5+,ADU,MH)
Tenure
R=Renter
O=Owner
Very LowIncome Deed
Restricted
Very LowIncome Non
Deed Restricted
Low- Income
Deed
Restricted
Low- Income
Non Deed
Restricted
ModerateIncome Deed
Restricted
ModerateIncome Non
Deed Restricted
Above
ModerateIncome
Entitlement
Date Approved # of Units issued
Entitlements
Summary Row: Start Data Entry Below 0 17 0 8 0 6 1 32
341-152-11 5891 Rich Hill Way Petriccione ADU 2022-28 ADU R 0 322-131-07 17080 Wabash Ave Sun ADU 2022-29/YL0074664 ADU R 0 323-251-42 4618 Vallecito Dr Rechsteiner ADU 2022-30 ADU R 0 343-191-39 17795 Neff Ranch
Rd Dong ADU 2022-33/YL0074461 ADU R 0
343-561-05 18093 Blair Dr Seaton ADU 2022-35/YL0075387 ADU R 0 348-271-05 5327 LOS ALTOS

LN, YORBA LINDA,
CA 92886
Singer ADU 2023-01
ADU R 1
1/26/2023 1
334-173-09 4779 KONA KOVE

WY, YORBA
LINDA, CA 92886
Sorrells ADU 2023-23
ADU R 1
8/16/2023 1
349-263-19 4573 AVENIDA

DEL ESTE, YORBA
LINDA, CA 92886
Girourd ADU 2023-05
ADU R 1
4/18/2023 1
348-141-01 5309 GRANDVIEW

AVE, YORBA

LINDA, CA
Martin ADU 2023-02
ADU R 1
4/24/2023 1
351-811-06 5190

STONEHAVEN

DR, YORBA

LINDA, CA
Naqvi ADU 2023-06/YL0075384
ADU R 1
5/30/2023 1
348-242-08 6198

SADDLETREE LN,

YORBA LINDA, CA
92886
Amaya ADU 2023-16/YL0075564
ADU R 1
6/26/2023 1
323-451-42 18924 HIDEAWAY

DR, YORBA
LINDA, CA 92886
Love ADU 2023-19
ADU R 1
7/24/2023 1
323-482-07 19309 GREEN

OAKS RD, YORBA
LINDA, CA 92887
He ADU 2023-12/YL0075781
ADU R 1
7/27/2023 1
349-211-09 20093 AVENIDA

DEL NORTE,

YORBA LINDA, CA
92886
Yaomei ADU 2023-14
ADU R 1
8/10/2023 1
349-291-13 19725

GREENLEAF PLZ,

YORBA LINDA, CA
92886
Shahverdian ADU 2023-20
ADU R 1
8/15/2023 1
323-231-07 4682 LAKEVIEW

AVE, YORBA
LINDA, CA 92886
Agahi CUP 2023-09
SFD O 1
8/16/2023 1
323-231-07 4684 LAKEVIEW

AVE, YORBA
LINDA, CA 92886
Agahi ADU 2023-21
ADU R 1
8/16/2023 1
341-212-16 5324 LIVERPOOL

ST, YORBA LINDA,
CA 92886
Vargas ADU 2023-03
ADU R 1
8/21/2023 1
1 4
Annual Building Activity Report Summary - New Construction, Entitled, Permits and Completed Units Project Identifier Unit Types Affordability by Household Incomes - Completed Entitlement

323-071-38 4441 RAINBOW

LN, YORBA LINDA,
CA 92886
Arambuia ADU 2023-15
ADUR1
10/6/20231
334-361-21 4435 PALOMINO

LN, YORBA LINDA,
CA 92886
Webster ADU 2023-07
ADUR1
10/18/20231
351-311-07 5230 PASEO

PANORAMA,

YORBA LINDA, CA
92887
White ADU 2023-27/YL0076392
ADUR1
10/25/2023
1 323-261-04 18793 HAVEN LN,

YORBA LINDA, CA
92886
Bawa ADU 2023-25
ADUR1
10/25/20231
341-213-07 17310 CALGARY

AVE, YORBA
LINDA, CA 92886
Chan ADU 2023-29
ADUR1
11/16/20231
348-391-02 5907 GRANDVIEW

AVE, YORBA
LINDA, CA 92886
Nason ADU 2023-11/YL0075091
ADUR1
12/6/20231
334-231-34 4692 PROSPECT
AVE Amini ADU 2023-04 ADU
R1
3/23/20231
343-303-01 18202 E

PEPPERGROVE
ST
Chavez ADU 2023-08
ADUR1
5/1/20231
334-403-17 4911 PARK PL Fabian ADU 2023-09 ADUR1 5/11/2023 1 343-601-02 18161 BUENA
VISTA Xiao ADU 2023-10 ADU
R1
6/26/20231
343-551-26 17775
APPALOOSA Laborde ADU 2023-13 ADU
R1
6/10/20231
322-061-08 3616 ROSE DR Creanga ADU 2023-17 ADUR1 7/18/2023 1 343-521-05 6006 GRANDVIEW
AVE McDaniel ADU 2023-18
ADUR1
7/15/20231
343-521-06 6011 SHORT ST Preciado ADU 2023-22 ADU
R1 8/1/2023
1 348-371-40 19000 WESTVALE
LN Davis ADU 2023-24 ADU
R1
9/1/20231
323-092-09 18040 MARK LN Herrington ADU 2023-26 ADUR1 10/10/2023 1 343-261-23 5202 CASA LOMA Marton ADU 2023-28 ADUR1
10/25/20231
323-271-14 4972 AVOCADO
AVE Rathi ADU 2023-30 ADU
R1
11/29/20231
341-211-04 17351 CALGARY
AVE Mayorga ADU 2023-31 ADU
R1
12/15/20231
334-361-23 17061 El Cajon Ave YL-0666663 SFDO
0 323-051-28 4431 Casa Loma
Ave YL-0067752 SFD
O
0 349-881-22 20550 Via
Campanas ADU 2020-08 ADU
R
0 323-451-21 4521 Ohio St Dong YL-0068749 ADU
R
0 323-191-31 4012 Elsie Dr Nguyen ADU 2021-15/YL0069139 ADUR 0 343-111-30 17966 Anna Marie
Rd YL-0069283 SFD
O
0 343-461-02 18224 Via Madera Richardson ADU 2021-06/YL0070042 ADUR 0 334-301-07 4821 Collins Lane Breedlove YL-0070331 ADU R
0 323-361-26 19114 Oro Verde
Lane Lin YL-0070587 ADU
R
0 343-341-29 17833 Buena Vista Brathwaite YL-0071355 ADU R
0 323-161-06 18094 Clove Dr YL-0071638 SFD
O
0 323-161-06 18084 Clove Dr YL-0071638 SFD
O
0 343-101-13 17959 Caballo Slawson YL-0071717 ADU
R
0 343-321-03 5887 Lakeview Beverage YL-0072145 ADU
R
0 351-345-11 5525 Calle Vista
Linda YL-0072425 ADU
R
0 351-315-02 5245 Avenida de
Amor Nelson ADU 2022-13/YL0072532
ADUR
0 351-331-02 20822 Circulo Bajo Greenburg ADU 2022-12/YL0072797ADUR 0 323-161-06 18034 Clove Dr YL-0072850 SFD
O
0 323-161-06 18044 Clove Dr YL-0072852 SFD
O
0 323-161-06 18054 Clove Dr YL-0072861 SFD
O
0 323-161-06 18064 Clove Dr YL-0072865 SFD
O
0 323-151-03 18014 Clove Dr YL-0073571 SFDO
0 323-151-03 18024 Clove Dr YL-0073645 SFDO
0 323-151-03 4341 Cilantro Dt YL-0073647 SFDO
0

323-151-03 4351 Cilantro Ct YL-0073648 SFD
O
0 323-151-03 18045 Lemongrass
Ave YL-0073760 SFD
O
0 323-151-03 4371 Cilantro Ct YL-0073767 SFD
O
0 323-151-03 18015 Lemongrass
Ave YL-0073770 SFD
O
0 323-151-03 18065 Lemongrass
Ave YL-0073771 SFD
O
0 323-151-03 18025 Lemongrass
Ave YL-0073773 SFD
O
0 323-151-03 4361 Cilantro Ct YL-0073781 SFD
O
0 323-151-03 18055 Lemongrass
Ave YL-0073783 SFD
O
0 323-151-03
18035 Lemongrass
Ave YL-0073784 SFD
O
0 334-072-39 4441 Rose Dr Hovarter ADU 2022-32 ADUR
0 349-371-24 19771 Marsala Dr Estebane YL-0071466 ADU
R
0 329-081-09 5540 Kodiak
Mountain Dr YL-0066997 SFD
O
0 343-301-05 18116 Heather Wy YL-0070357 ADUR
0 343-341-30 17833 Buena Vista YL-0071753 ADU
R
0 351-352-07 20671 Calle de
Ladera Kristoff ADU 2022-19/YL0073342
ADUR
0 350-121-40 20670 Via Amarilla Kim ADU 2022-26 ADU
R
0 348-201-15 5335 Ohio St McAninch ADU 2022-31 ADUR
0 348-201-15 5335 Ohio St YL-0073855 SFD
O
0 351-792-01 21890 Cardiff Dr Chang CUP 2022-17 SFDO
0 350-152-26 4700 Via Amante Lundstedt ADU 2022-37 ADUR 0000000000000000000000000000000000000000000000000

Table A2
Annual Building Activity Report Summary - New Construction, Entitled, Permits and Completed Units 8 9
Current APN Street Address Project Name+
Very LowIncome Deed
Restricted
Very LowIncome Non
Deed Restricted
Low- Income
Deed
Restricted
Low- Income
Non Deed
Restricted
ModerateIncome Deed
Restricted
ModerateIncome Non
Deed Restricted
Above
ModerateIncome
Building Permits
Date Issued
# of Units Issued
Building Permits
0 14 0 3 0 3 2 22
341-152-11 5891 Rich Hill Way Petriccione 1 5/17/2023 1 322-131-07 17080 Wabash Ave Sun 1 7/25/2023 1
323-251-42 4618 Vallecito Dr Rechsteiner 1 5/25/2023 1
343-191-39 17795 Neff Ranch
Rd Dong 1 8/25/2023 1
343-561-05 18093 Blair Dr Seaton 1 9/13/2023 1
348-271-05 5327 LOS ALTOS

LN, YORBA LINDA,
CA 92886
Singer 1 4/4/2023 1
334-173-09 4779 KONA KOVE

WY, YORBA
LINDA, CA 92886
Sorrells 0
349-263-19 4573 AVENIDA

DEL ESTE, YORBA
LINDA, CA 92886
Girourd 1 6/20/2023 1
348-141-01 5309 GRANDVIEW

AVE, YORBA

LINDA, CA
Martin 0
351-811-06 5190

STONEHAVEN DR,

YORBA LINDA, CA
Naqvi 1
9/21/2023
1 348-242-08 6198

SADDLETREE LN,

YORBA LINDA, CA
92886
Amaya 1 12/18/2023 1
323-451-42 18924 HIDEAWAY

DR, YORBA
LINDA, CA 92886
Love 1
8/31/2023
1 323-482-07 19309 GREEN

OAKS RD, YORBA
LINDA, CA 92887
He 0
7 Project Identifier Affordability by Household Incomes - Building Permits

349-211-09 20093 AVENIDA

DEL NORTE,

YORBA LINDA, CA
92886
Yaomei0
349-291-13 19725

GREENLEAF PLZ,

YORBA LINDA, CA
92886
Shahverdian1 9/26/20231
323-231-07 4682 LAKEVIEW

AVE, YORBA
LINDA, CA 92886
Agahi0
323-231-07 4684 LAKEVIEW

AVE, YORBA
LINDA, CA 92886
Agahi0
341-212-16 5324 LIVERPOOL

ST, YORBA LINDA,
CA 92886
Vargas0
323-071-38 4441 RAINBOW

LN, YORBA LINDA,
CA 92886
Arambuia0
334-361-21 4435 PALOMINO

LN, YORBA LINDA,
CA 92886
Webster0
351-311-07 5230 PASEO

PANORAMA,

YORBA LINDA, CA
92887
White1 12/12/20231
323-261-04 18793 HAVEN LN,

YORBA LINDA, CA
92886
Bawa0
341-213-07 17310 CALGARY

AVE, YORBA
LINDA, CA 92886
Chan0
348-391-02 5907 GRANDVIEW

AVE, YORBA
LINDA, CA 92886
Nason1 7/12/20231
334-231-34 4692 PROSPECT
AVE Amini
0 343-303-01 18202 E

PEPPERGROVE
ST
Chavez0
334-403-17 4911 PARK PL Fabian
0 343-601-02 18161 BUENA
VISTA Xiao
0 343-551-26 17775
APPALOOSA Laborde
0 322-061-08 3616 ROSE DR Creanga
0 343-521-05 6006 GRANDVIEW
AVE McDaniel
0 343-521-06 6011 SHORT ST Preciado
0 348-371-40 19000 WESTVALE
LN Davis
0 323-092-09 18040 MARK LN Herrington
0 343-261-23 5202 CASA LOMA Marton
0 323-271-14 4972 AVOCADO
AVE Rathi
0

341-211-04 17351 CALGARY
AVE Mayorga
0 334-361-23 17061 El Cajon Ave0
323-051-28 4431 Casa Loma
Ave
0 349-881-22 20550 Via
Campanas
0 323-451-21 4521 Ohio St Dong
0 323-191-31 4012 Elsie Dr Nguyen0
343-111-30 17966 Anna Marie
Rd
0 343-461-02 18224 Via Madera Richardson0
334-301-07 4821 Collins Lane Breedlove
0 323-361-26 19114 Oro Verde
Lane Lin
0 343-341-29 17833 Buena Vista Brathwaite
0 323-161-06 18094 Clove Dr
0 323-161-06 18084 Clove Dr
0 343-101-13 17959 Caballo Slawson
0 343-321-03 5887 Lakeview Beverage
0 351-345-11 5525 Calle Vista
Linda
0 351-315-02 5245 Avenida de
Amor Nelson
0 351-331-02 20822 Circulo Bajo Greenburg
0 323-161-06 18034 Clove Dr
0 323-161-06 18044 Clove Dr
0 323-161-06 18054 Clove Dr
0 323-161-06 18064 Clove Dr
0 323-151-03 18014 Clove Dr0
323-151-03 18024 Clove Dr0
323-151-03 4341 Cilantro Dt0
323-151-03 4351 Cilantro Ct0
323-151-03 18045 Lemongrass
Ave
0 323-151-03 4371 Cilantro Ct0
323-151-03 18015 Lemongrass
Ave
0 323-151-03 18065 Lemongrass
Ave
0 323-151-03 18025 Lemongrass
Ave
0 323-151-03 4361 Cilantro Ct
0 323-151-03 18055 Lemongrass
Ave
0 323-151-03
18035 Lemongrass
Ave
0 334-072-39 4441 Rose Dr Hovarter
1 3/9/20231
349-371-24 19771 Marsala Dr Estebane
0 329-081-09 5540 Kodiak
Mountain Dr
0 343-301-05 18116 Heather Wy1 4/10/20231
343-341-30 17833 Buena Vista
1 5/8/20231
351-352-07 20671 Calle de
Ladera Kristoff
1 5/30/20231

350-121-40 20670 Via Amarilla Kim
1 6/15/20231
348-201-15 5335 Ohio St McAninch
1 6/13/20231
348-201-15 5335 Ohio St1 6/13/20231
351-792-01 21890 Cardiff Dr Chang
1 8/2/20231
350-152-26 4700 Via Amante Lundstedt
1 3/14/2023100000000000000000000000000000000000000000000000000000

Table A2
Annual Building Activity Report Summary - New Construction, Entitled, Permits and Completed Units 11 12
Current APN Street Address Project Name+
Very LowIncome Deed
Restricted
Very LowIncome Non
Deed
Restricted
Low- Income
Deed
Restricted
Low- Income
Non Deed
Restricted
ModerateIncome Deed
Restricted
ModerateIncome Non
Deed Restricted
Above
ModerateIncome
Certificates of
Occupancy or other
forms of readiness
(see instructions) Date
Issued
# of Units
issued
Certificates of
Occupancy or
other forms of
readiness
0 10 0 2 0 4 22 38
341-152-11 5891 Rich Hill Way Petriccione 0
322-131-07 17080 Wabash Ave Sun 0
323-251-42 4618 Vallecito Dr Rechsteiner 0
343-191-39 17795 Neff Ranch
Rd Dong 0
343-561-05 18093 Blair Dr Seaton 0
348-271-05 5327 LOS ALTOS

LN, YORBA LINDA,
CA 92886
Singer 1 11/6/2023 1
334-173-09 4779 KONA KOVE

WY, YORBA
LINDA, CA 92886
Sorrells 0
349-263-19
4573 AVENIDA

DEL ESTE, YORBA
LINDA, CA 92886
Girourd 1 12/15/2023 1
348-141-01 5309 GRANDVIEW

AVE, YORBA

LINDA, CA
Martin 0
351-811-06
5190

STONEHAVEN DR,

YORBA LINDA, CA
Naqvi 0
348-242-08 6198

SADDLETREE LN,

YORBA LINDA, CA
92886
Amaya 0
323-451-42
18924 HIDEAWAY

DR, YORBA
LINDA, CA 92886
Love 0
Affordability by Household Incomes - Certificates of Occupancy 10 Project Identifier

323-482-07 19309 GREEN

OAKS RD, YORBA
LINDA, CA 92887
He0
349-211-09 20093 AVENIDA

DEL NORTE,

YORBA LINDA, CA
92886
Yaomei0
349-291-13 19725

GREENLEAF PLZ,

YORBA LINDA, CA
92886
Shahverdian0
323-231-07 4682 LAKEVIEW

AVE, YORBA
LINDA, CA 92886
Agahi0
323-231-07 4684 LAKEVIEW

AVE, YORBA
LINDA, CA 92886
Agahi0
341-212-16 5324 LIVERPOOL

ST, YORBA LINDA,
CA 92886
Vargas0
323-071-38 4441 RAINBOW

LN, YORBA LINDA,
CA 92886
Arambuia0
334-361-21 4435 PALOMINO

LN, YORBA LINDA,
CA 92886
Webster0
351-311-07 5230 PASEO

PANORAMA,

YORBA LINDA, CA
92887
White0
323-261-04 18793 HAVEN LN,

YORBA LINDA, CA
92886
Bawa0
341-213-07 17310 CALGARY

AVE, YORBA
LINDA, CA 92886
Chan0
348-391-02 5907 GRANDVIEW

AVE, YORBA
LINDA, CA 92886
Nason0
334-231-34 4692 PROSPECT
AVE Amini
0 343-303-01 18202 E

PEPPERGROVE
ST
Chavez0
334-403-17 4911 PARK PL Fabian
0 343-601-02 18161 BUENA
VISTA Xiao
0 343-551-26 17775
APPALOOSA Laborde
0 322-061-08 3616 ROSE DR Creanga
0 343-521-05 6006 GRANDVIEW
AVE McDaniel
0 343-521-06 6011 SHORT ST Preciado
0 348-371-40 19000 WESTVALE
LN Davis
0

323-092-09 18040 MARK LN Herrington
0 343-261-23 5202 CASA LOMA Marton
0 323-271-14 4972 AVOCADO
AVE Rathi
0 341-211-04 17351 CALGARY
AVE Mayorga
0 334-361-23 17061 El Cajon Ave1 9/8/20231
323-051-28 4431 Casa Loma
Ave
1 11/8/20231
349-881-22 20550 Via
Campanas
1 11/23/20231
323-451-21 4521 Ohio St Dong1 1/24/20231
323-191-31 4012 Elsie Dr Nguyen
1 1/24/20231
343-111-30 17966 Anna Marie
Rd
1 5/11/20231
343-461-02 18224 Via Madera Richardson1 8/1/20231
334-301-07 4821 Collins Lane Breedlove
1 4/13/2023
1 323-361-26 19114 Oro Verde
Lane Lin
1 6/8/20231
343-341-29 17833 Buena Vista Brathwaite
1 2/9/20231
323-161-06 18094 Clove Dr
1 12/21/20231
323-161-06 18084 Clove Dr1 11/14/20231
343-101-13 17959 Caballo Slawson
1 12/11/20231
343-321-03 5887 Lakeview Beverage
1 9/7/20231
351-345-11 5525 Calle Vista
Linda
1 4/6/20231
351-315-02 5245 Avenida de
Amor Nelson
1 2/1/20231
351-331-02 20822 Circulo Bajo Greenburg
1 7/12/20231
323-161-06 18034 Clove Dr
1 5/23/20231
323-161-06 18044 Clove Dr1 5/23/20231
323-161-06 18054 Clove Dr1 5/23/20231
323-161-06 18064 Clove Dr1 5/23/20231
323-151-03 18014 Clove Dr1 9/27/20231
323-151-03 18024 Clove Dr1 9/27/20231
323-151-03 4341 Cilantro Dt1 9/27/20231
323-151-03 4351 Cilantro Ct1 9/27/20231
323-151-03 18045 Lemongrass
Ave
1 12/6/20231
323-151-03 4371 Cilantro Ct1 11/1/20231
323-151-03 18015 Lemongrass
Ave
1 11/1/20231
323-151-03 18065 Lemongrass
Ave
1 11/1/20231
323-151-03 18025 Lemongrass
Ave
1 11/1/20231
323-151-03 4361 Cilantro Ct
1 12/6/20231
323-151-03 18055 Lemongrass
Ave
1 12/6/20231
323-151-03
18035 Lemongrass
Ave
1 12/6/20231
334-072-39 4441 Rose Dr Hovarter
1 11/29/20231
349-371-24 19771 Marsala Dr Estebane
1 12/18/20231

329-081-09 5540 Kodiak
Mountain Dr
1 8/30/20231
343-301-05 18116 Heather Wy0
343-341-30 17833 Buena Vista
0 351-352-07 20671 Calle de
Ladera Kristoff
0 350-121-40 20670 Via Amarilla Kim
0 348-201-15 5335 Ohio St McAninch
0 348-201-15 5335 Ohio St0
351-792-01 21890 Cardiff Dr Chang
0 350-152-26 4700 Via Amante Lundstedt
000000000000000000000000000000000000000000000

Table A2
Annual Building Activity Report Summary - New Construction, Entitled, Permits and Completed Units Streamlining Infill
Housing without Financial
Assistance or Deed
Restrictions
Term of Affordability
or Deed Restriction
13 14 15 16 17 18 19 20 21 22 23 24
Current APN Street Address Project Name+
How many of the
units were
Extremely Low
Income?
Please select the
streamlining
provision the project
was APPROVED
pursuant to. (may
select multiple)
Infill Units?
Y/N+
Assistance Programs
for Each Development
(may select multiple -
see instructions)
Deed Restriction
Type
(may select multiple -
see instructions)
For units affordable without
financial assistance or deed
restrictions, explain how the
locality determined the units
were affordable
(see instructions)
Term of Affordability or
Deed Restriction (years)
(if affordable in perpetuity
enter 1000)+
Number of
Demolished/Destroyed
Units
Demolished or
Destroyed Units
Demolished/Des
troyed Units
Owner or Renter
Total Density Bonus Applied to
the Project (Percentage
Increase in Total Allowable
Units or Total Maximum
Allowable Residential Gross
Floor Area)
Number of Other
Incentives,
Concessions, Waivers,
or Other Modifications
Given to the Project
(Excluding Parking
Waivers or Parking
Reductions)
List the incentives,
concessions,
waivers, and
modifications
(Excluding Parking
Waivers or Parking
Modifications)
Did the project receive a
reduction or waiver of
parking standards? (Y/N)
0 0
341-152-11 5891 Rich Hill Way Petriccione 0 NONE Y ADU Affordability Survey 322-131-07 17080 Wabash Ave Sun 0 NONE Y ADU Affordability Survey 323-251-42 4618 Vallecito Dr Rechsteiner 0 NONE Y SCAG ADU Affordability Analysis 343-191-39 17795 Neff Ranch
Rd Dong 0 NONE Y ADU Affordability Survey
343-561-05 18093 Blair Dr Seaton 0 NONE Y ADU Affordability Survey 348-271-05 5327 LOS ALTOS

LN, YORBA LINDA,
CA 92886
Singer 0 NONE Y
ADU Affordability Survey
334-173-09 4779 KONA KOVE

WY, YORBA
LINDA, CA 92886
Sorrells 0 NONE Y
SCAG Affordability
349-263-19 4573 AVENIDA

DEL ESTE, YORBA
LINDA, CA 92886
Girourd 0 NONE Y
ADU Affordability Survey
348-141-01 5309 GRANDVIEW

AVE, YORBA

LINDA, CA
Martin 0 NONE Y
SCAG Affordability
351-811-06 5190

STONEHAVEN DR,

YORBA LINDA, CA
Naqvi 0 NONE Y
ADU Affordability Survey
348-242-08 6198

SADDLETREE LN,

YORBA LINDA, CA
92886
Amaya 0 NONE Y
ADU Affordability Survey
323-451-42 18924 HIDEAWAY

DR, YORBA
LINDA, CA 92886
Love 0 NONE Y
ADU Affordability Survey
323-482-07 19309 GREEN

OAKS RD, YORBA
LINDA, CA 92887
He 0 NONE Y
SCAG Affordability
349-211-09 20093 AVENIDA

DEL NORTE,

YORBA LINDA, CA
92886
Yaomei 0 NONE Y
SCAG Affordability
349-291-13 19725

GREENLEAF PLZ,

YORBA LINDA, CA
92886
Shahverdian 0 NONE Y
SCAG Affordability
323-231-07 4682 LAKEVIEW

AVE, YORBA
LINDA, CA 92886
Agahi 0 NONE Y
ADU Affordability Survey
323-231-07 4684 LAKEVIEW

AVE, YORBA
LINDA, CA 92886
Agahi 0 NONE Y
ADU Affordability Survey
341-212-16 5324 LIVERPOOL

ST, YORBA LINDA,
CA 92886
Vargas 0 NONE Y
ADU Affordability Survey
323-071-38 4441 RAINBOW

LN, YORBA LINDA,
CA 92886
Arambuia 0 NONE Y
SCAG Affordability
334-361-21 4435 PALOMINO

LN, YORBA LINDA,
CA 92886
Webster 0 NONE Y
SCAG Affordability
351-311-07 5230 PASEO

PANORAMA,

YORBA LINDA, CA
92887
White 0 NONE Y
SCAG Affordability
Housing with Financial Assistance
and/or Deed Restrictions Project Identifier Demolished/Destroyed Units Density Bonus

323-261-04 18793 HAVEN LN,

YORBA LINDA, CA
92886
Bawa0 NONEY
ADU Affordability Survey
341-213-07 17310 CALGARY

AVE, YORBA
LINDA, CA 92886
Chan0 NONEY
ADU Affordability Survey
348-391-02 5907 GRANDVIEW

AVE, YORBA
LINDA, CA 92886
Nason0 NONEY
ADU Affordability Survey
334-231-34 4692 PROSPECT
AVE Amini
0 NONEY ADU Affordability Survey
343-303-01 18202 E

PEPPERGROVE
ST
Chavez0 NONEY
ADU Affordability Survey
334-403-17 4911 PARK PL Fabian
0 NONEY SCAG Affordability
343-601-02 18161 BUENA
VISTA Xiao
0 NONEY SCAG Affordability
343-551-26 17775
APPALOOSA Laborde
0 NONEY ADU Affordability Survey
322-061-08 3616 ROSE DR Creanga
0 NONE
Y ADU Affordability Survey
343-521-05 6006 GRANDVIEW
AVE McDaniel
0 NONEY
ADU Affordability Survey
343-521-06 6011 SHORT ST Preciado
0 NONEY SCAG Affordability
348-371-40 19000 WESTVALE
LN Davis
0 NONEY SCAG Affordability
323-092-09 18040 MARK LN Herrington
0 NONEY ADU Affordability Survey
343-261-23 5202 CASA LOMA Marton
0 NONEY SCAG Affordability
323-271-14 4972 AVOCADO
AVE Rathi
0 NONEY SCAG Affordability
341-211-04 17351 CALGARY
AVE Mayorga
0 NONEY SCAG Affordability
334-361-23 17061 El Cajon Ave0 NONEY
323-051-28 4431 Casa Loma
Ave
0 NONEY
349-881-22 20550 Via
Campanas
0 NONEY SCAG Affordability Survey
323-451-21 4521 Ohio St Dong0 NONEY SCAG Affordability Survey 323-191-31 4012 Elsie Dr Nguyen0 NONEY SCAG Affordability Survey 343-111-30 17966 Anna Marie
Rd
0 NONEY
343-461-02 18224 Via Madera Richardson0 NONEY SCAG Affordability Survey 334-301-07 4821 Collins Lane Breedlove
0 NONEY SCAG Affordability Survey
323-361-26 19114 Oro Verde
Lane Lin
0 NONEY ADU Affordability Survey
343-341-29 17833 Buena Vista Brathwaite
0 NONEY SCAG Affordability Survey
323-161-06 18094 Clove Dr
0 NONEY
323-161-06 18084 Clove Dr
0 NONEY
343-101-13 17959 Caballo Slawson
0 NONEY SCAG Affordability Survey
343-321-03 5887 Lakeview Beverage
0 NONEY SCAG Affordability Survey
351-345-11 5525 Calle Vista
Linda
0 NONEY SCAG Affordability Survey
351-315-02 5245 Avenida de
Amor Nelson
0 NONEY ADU Affordability Survey
351-331-02 20822 Circulo Bajo Greenburg
0 NONEY SCAG Affordability Survey
323-161-06 18034 Clove Dr
0 NONEY
323-161-06 18044 Clove Dr
0 NONEY
323-161-06 18054 Clove Dr
0 NONEY
323-161-06 18064 Clove Dr
0 NONEY
323-151-03 18014 Clove Dr0 NONEY
323-151-03 18024 Clove Dr0 NONEY
323-151-03 4341 Cilantro Dt0 NONEY
323-151-03 4351 Cilantro Ct0 NONEY
323-151-03 18045 Lemongrass
Ave
0 NONEY
323-151-03 4371 Cilantro Ct0 NONE
Y
323-151-03 18015 Lemongrass
Ave
0 NONEY
323-151-03 18065 Lemongrass
Ave
0 NONEY
323-151-03 18025 Lemongrass
Ave
0 NONEY
323-151-03 4361 Cilantro Ct
0 NONEY
323-151-03 18055 Lemongrass
Ave
0 NONEY
323-151-03
18035 Lemongrass
Ave
0 NONEY
334-072-39 4441 Rose Dr Hovarter
0 NONEY SCAG Affordability Survey
349-371-24 19771 Marsala Dr Estebane
0 NONEY ADU Affordability Survey