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HomeMy WebLinkAbout2022-02-15 Agenda Packet - Hybrid AGENDA City Council/Public Financing Authority Regular Meeting Tuesday, February 15, 2022 Study Session/Closed Session – 4:00 PM Regular Meeting – 6:00 PM MAYOR AND CITY COUNCIL BARBARA DELGLEIZE, Mayor MIKE POSEY, Mayor Pro Tem RHONDA BOLTON, Councilmember KIM CARR, Councilmember DAN KALMICK, Councilmember NATALIE MOSER, Councilmember ERIK PETERSON, Councilmember Council Chambers 2000 Main Street Huntington Beach, CA 92648 -or- Virtual via Zoom Webinar STAFF SEAN JOYCE, Interim City Manager MICHAEL E. GATES, City Attorney ROBIN ESTANISLAU, City Clerk ALISA BACKSTROM, City Treasurer IN-PERSON PUBLIC PARTICIPATION/ZOOM ACCESS: In keeping with the Governor’s mandate to limit in-person gatherings that can spread COVID-19, the Tuesday, February 15, 2022 meeting remains virtually accessible. In addition, the Council Chambers will be open for public attendance and masks are optional for those who are fully vaccinated (with booster). Assembly Bill 361 (AB 361) authorizes public meetings to take place via teleconference (i.e., virtual using Zoom), or in person if in part, State and Local officials continue to recommend measures to promote social distancing. In addition to this hybrid format, alternate ways to view City Council meetings live or on-demand remain: livestreamed on HBTV Channel 3 (replayed on Wednesday’s at 10:00 a.m. and Thursday’s at 6:00 p.m.); live and archived meetings for on-demand viewing accessed from https://huntingtonbeach.legistar.com/calendar; or, from any Roku, Fire TV or Apple device by downloading the Cablecast Screenweave App and searching for the City of Huntington Beach channel. PUBLIC COMMENTS: To ensure the public’s right to fully participate in providing meaningful public comments at the February 15, 2022 City Council meeting, the Council Chambers will be open for public attendance to provide public comments on agendized or non-agendized items. Individuals may also provide a comment from a virtual location by entering Zoom Webinar ID 971 5413 0528 via computer device, or by phone at (669) 900-6833. The Zoom Webinar can be accessed here: https://huntingtonbeach.zoom.us/j/97154130528. Instructions for those utilizing computer or telephone devices to request to speak are provided in each section of the agenda where public comments are accepted. Members of the public unable to personally participate in the meeting but interested in communicating with the City Council on agenda-related items are encouraged to submit a written (supplemental) communication via email at SupplementalComm@Surfcity-hb.org, or City.Council@surfcity-hb.org. Supplemental Communications are public record, and if received by 2:00 PM on the day of the meeting, will be distributed to the City Council prior to consideration of agenda- related items, posted to the City website, and announced, but not read, at the meeting. Communications received following the 2:00 PM deadline will be incorporated into the administrative record. MEETING ASSISTANCE NOTICE: In accordance with the Americans with Disabilities Act, services are available to members of our community who require special assistance to participate in public meetings. If you require special assistance, 48-hour prior notification will enable the City to make reasonable arrangements for an assisted listening device (ALD) for the hearing impaired, American Sign Language interpreters, a reader during the meeting and/or large print agendas. Please contact the City Clerk's Office at (714) 536-5227 for more information. 1 AGENDA February 15, 2022City Council/Public Financing Authority 4:00 PM - COUNCIL CHAMBERS CALL TO ORDER ROLL CALL Peterson, Bolton, Posey, Delgleize, Carr, Moser, Kalmick ANNOUNCEMENT OF SUPPLEMENTAL COMMUNICATIONS (Received After Agenda Distribution) PUBLIC COMMENTS PERTAINING TO STUDY SESSION / CLOSED SESSION ITEMS (3-Minute Time Limit) - At approximately 4:00 PM, individuals wishing to provide a comment on item(s) scheduled for Study Session or Closed Session may do so either in person by filling out a Request to Speak form delivered to the City Clerk, via computer through Zoom Webinar ID 971 5413 0528, or Zoom Webinar by phone by calling (669) 900-6833. Once the Mayor opens Public Comments, in-person participants will be called to speak first. Zoom Webinar participants wishing to speak will be provided a 15-minute window to select the “Raise Hand” feature in the Webinar Controls section. Attendees entering the Webinar and requesting to speak by phone can enter *9 to enable the “Raise Hand” feature, followed by the *6 prompt that unmutes their handheld device microphone. Individuals will be prompted to speak when the Clerk announces their name or the last three digits of their phone number. After a virtual speaker concludes their comment, their microphone will be muted but they may remain in Webinar attendance for the duration of the Study Session. All speakers are encouraged, but not required to identify themselves by name. Each speaker may have up to 3 minutes unless the volume of speakers warrants reducing the time allowance. STUDY SESSION 22-1311.Discussion of the Policy Issues concerning the Cannabis-related Taxation and Regulation RECESS TO CLOSED SESSION CLOSED SESSION ANNOUNCEMENT(S) 22-1332.Mayor Delgleize to Announce: Pursuant to Government Code § 54957.6, the City Council takes this opportunity to publicly introduce and identify designated labor negotiator Sean Joyce, Interim City Manager, who will be participating in today's Closed Session discussions regarding labor negotiations with: Non-Represented (Non-Associated) Employees (NA) Page 1 of 7 2 AGENDA February 15, 2022City Council/Public Financing Authority 22-1343.Mayor Delgleize to Announce: Pursuant to Government Code § 54957.6, the City Council takes this opportunity to publicly introduce and identify designated labor negotiators: Sean Joyce, Interim City Manager and Brittany Mello, Administrative Services Director, who will be participating in today's Closed Session discussions regarding labor negotiations for: City Manager CLOSED SESSION 22-1294.CONFERENCE WITH LABOR NEGOTIATORS (Gov. Code section 54957.6.) Agency designated representatives: Sean Joyce, Interim City Manager. Employee Organizations: Non-Represented (Non-Associated) Employees (NA) 22-1305.CONFERENCE WITH LABOR NEGOTIATORS (Unrepresented Employee) Government Code section 54957.6. Title: City Manager, City Designated Representatives: Sean Joyce, Interim City Manager and Brittany Mello, Administrative Services Director 22-1406.CONFERENCE WITH LEGAL COUNSEL-EXISTING LITIGATION. (Paragraph (1) of subdivision (d) of Section 54956.9). Name of case: Hernandez (Angela) v. City of Huntington Beach, et al., OCSC Case No. 30-2020-01137506 6:00 PM – COUNCIL CHAMBERS RECONVENE CITY COUNCIL/PUBLIC FINANCING AUTHORITY MEETING ROLL CALL Peterson, Bolton, Posey, Delgleize, Carr, Moser, Kalmick PLEDGE OF ALLEGIANCE INVOCATION In permitting a nonsectarian invocation, the City does not intend to proselytize or advance any faith or belief. Neither the City nor the City Council endorses any particular religious belief or form of invocation. 21-9647.Zarathushti Maneck Bhujwala of the Zoroastrian Community and Page 2 of 7 3 AGENDA February 15, 2022City Council/Public Financing Authority member of the Greater Huntington Beach Interfaith Council CLOSED SESSION REPORT BY CITY ATTORNEY AWARDS AND PRESENTATIONS 22-1258.Mayor Delgleize to present the Mayor’s HB Excellence Award for the month of February to Justin Torres, Landscape Maintenance Supervisor, Department of Public Works ANNOUNCEMENT OF SUPPLEMENTAL COMMUNICATIONS (Received After Agenda Distribution) PUBLIC COMMENTS (3-Minute Time Limit) - At approximately 6:00 PM, individuals wishing to provide a comment on agendized or non-agendized items may do so either in person by filling out a Request to Speak form delivered to the City Clerk, via computer through Zoom Webinar ID 971 5413 0528, or Zoom Webinar by phone by calling (669) 900-6833. Once the Mayor opens Public Comments, in-person participants will be called to speak first. Zoom Webinar participants wishing to speak will be provided a 15-minute window to select the “Raise Hand” feature in the Webinar Controls section. Attendees entering the Webinar and requesting to speak by phone can enter *9 to enable the “Raise Hand” feature, followed by the *6 prompt that unmutes their handheld device microphone. Individuals will be prompted to speak when the Clerk announces their name or the last three digits of their phone number. After a virtual speaker concludes their comment, their microphone will be muted but they may remain in Webinar attendance for the duration of the meeting. All speakers are encouraged, but not required to identify themselves by name. Each speaker may have up to 3 minutes unless the volume of speakers warrants reducing the time allowance. While the City Council welcomes public involvement and free speech, it rejects comments from anyone that are discriminatory, defamatory or otherwise not protected speech. Those comments will not inform nor be considered by the City Council and may be cause for the Mayor to interrupt the public speaker. Such public comments will not be consented to or otherwise adopted by the City Council in its discussions and findings for any matter tonight. COUNCIL COMMITTEE - APPOINTMENTS - LIAISON REPORTS, AB 1234 REPORTING, AND OPENNESS IN NEGOTIATIONS DISCLOSURES CITY MANAGER'S REPORT CITY CLERK'S REPORT 22-0829.Presentation on the Safe and Sane Fireworks Stand Application and Lottery Process for 2022 Page 3 of 7 4 AGENDA February 15, 2022City Council/Public Financing Authority 22-12610.City Archivist Kathie Schey to announce receipt of a third digitization grant award from California Revealed, an initiative of the California State Library CONSENT CALENDAR 22-08611.Approve and Adopt Minutes Approve and adopt the City Council/Public Financing Authority regular meeting minutes dated February 1, 2022, as written and on file in the office of the City Clerk. Recommended Action: 21-101812.Reaffirm adoption of Resolution No. 2021-62 finding a proclaimed state of emergency continues to impact the ability to meet safely in person, and allows meetings of the City Council and all City boards, commissions and committees to be conducted remotely as needed in compliance with new Brown Act provisions identified in Assembly Bill 361 Reaffirm Resolution No. 2021-62, “A Resolution of the City Council of the City of Huntington Beach, California, finding that the proclaimed state of emergency continues to impact the ability to meet safely in person.” Recommended Action: 22-04713.Award and authorize the execution of a construction contract with Orion Construction Corporation, in the amount of $3,486,243 for the McFadden Sewer Lift Station Replacement Project, CC-1610; approve appropriation of funds and declare Arnaz Engineering Contractors, Inc. as non-responsive A) Appropriate $1,403,302 from the Sewer Service Fund (511) to Account 51189016.82600; and, B) Declare the first apparent lowest bid from Arnaz Engineering Contractors, Inc. as non-responsive; and , C) Accept the second lowest responsive and responsible bid submitted by Orion Construction Corporation, in the amount of $3,486,243; and , D) Authorize the Mayor and City Clerk to execute a construction contract in a form Recommended Action: Page 4 of 7 5 AGENDA February 15, 2022City Council/Public Financing Authority approved by the City Attorney. 22-05114.Accept the lowest responsive and responsible bid, approve appropriation of funds and authorize execution of a construction contract with RJ Noble Company in the amount of $2,658,630 for the Zone 5 Overlay Project, CC-1638 A) Accept the lowest responsive and responsible bid submitted by RJ Noble Company in the amount of $2,658,630; and, B) Appropriate $1,154,500 from the undesignated Measure M fund balance to account 21390002.82300; and, C) Authorize the Mayor and City Clerk to execute a construction contract in a form approved by the City Attorney. Recommended Action: 22-07815.Reject all bids for the Storm Water Pump Station Facility Improvements Project CC-1657; update specifications and rebid the project Reject all bids for the Storm Water Pump Station Facility Improvements Project CC -1657, update project specifications and the rebid the project . Recommended Action: PUBLIC HEARING Individuals wishing to provide a comment on an item scheduled for Public Hearing may do so either in person by filling out a Request to Speak form delivered to the City Clerk, via computer through Zoom Webinar ID 971 5413 0528, or Zoom Webinar by phone by calling (669) 900-6833. Once the Mayor opens Public Comments, in-person participants will be called to speak first. Zoom Webinar participants wishing to speak will be provided a 15-minute window to select the “Raise Hand” feature in the Webinar Controls section. Attendees entering the Webinar and requesting to speak by phone can enter *9 to enable the “Raise Hand” feature, followed by the *6 prompt that unmutes their handheld device microphone. Individuals will be prompted to speak when the Clerk announces their name or the last three digits of their phone number. After a virtual speaker concludes their comment, their microphone will be muted but they may remain in Webinar attendance for the duration of the meeting. All speakers are encouraged, but not required to identify themselves by name. Each speaker may have up to 3 minutes unless the volume of speakers warrants reducing the time allowance. 22-08716.Approve for introduction Ordinance No. 4234 approving Zoning Text Amendment (ZTA) No. 21-006 establishing electric vehicle charging Page 5 of 7 6 AGENDA February 15, 2022City Council/Public Financing Authority station sign standards PLANNING COMMISSION AND STAFF RECOMMENDATION: A) Find that Zoning Text Amendment No. 21-006 is categorically exempt pursuant to City Council Resolution No. 4501, Class 20, which supplements the California Environmental Quality Act (CEQA); and, B) Approve Zoning Text Amendment No. 21-006 with findings (Attachment No. 1) by approving for introduction City Council Ordinance No. 4234, “An Ordinance of the City of Huntington Beach Amending Chapter 233 of the Huntington Beach Zoning and Subdivision Ordinance Establishing Electric Vehicle Charging Station Sign Standards (Zoning Text Amendment No. 21-006)” (Attachment No. 2). Recommended Action: ADMINISTRATIVE ITEMS 22-10717.Year-End Audit Results for the FY 2020/21 Annual Comprehensive Financial Report (ACFR) and FY 2021/22 Mid-Year Budget Adjustments A) Receive and File the FY 2020/21 Annual Comprehensive Financial Report and other auditor issued reports; and, B) Approve mid-year budget adjustments to the FY 2021/22 Revised Budget in the funds and by the amounts contained in Attachment 3; and, C) Authorize additional Professional Services authority in the Fiscal Year 2021/22 Revised Budget in the departments and by the amounts contained in Attachment 4; and, D) Approve and authorize the Mayor and City Clerk to execute “Amendment No. 2 to Agreement between the City of Huntington Beach and National Council for Community Development (NDC) for Technical Assistance Services” (Attachment 5); and, E) Approve and authorize the Mayor and City Clerk to execute “Amendment No. 1 to Agreement between the City of Huntington Beach and Mind OC for Pilot Mobile Crisis Response Program” (Attachment 6). Recommended Action: COUNCILMEMBER ITEMS 22-13218.Submitted by Councilmember Kalmick - Updating Bolsa Chica Page 6 of 7 7 AGENDA February 15, 2022City Council/Public Financing Authority Annexation Feasibility Study Direct staff to undertake an update of the Bolsa Chica Annexation Feasibility Study and return to Council with a Study Session upon completion of that update, at which time the Council can discuss the merit of annexation. Recommended Action: 22-13719.Submitted by Mayor Delgleize, Councilmember Carr and Councilmember Kalmick - Hosting a Senior Resource Fair in Huntington Beach Direct staff to work with the Senior Center and community partners to plan and implement a one-day senior resource fair, targeting mobile home park residents and low-income seniors in the community. Recommended Action: COUNCILMEMBER COMMENTS (Not Agendized) ADJOURNMENT The next regularly scheduled meeting of the Huntington Beach City Council/Public Financing Authority is Tuesday, March 1, 2022, at 4:00 PM in the Civic Center Council Chambers, 2000 Main Street, Huntington Beach, California. INTERNET ACCESS TO CITY COUNCIL/PUBLIC FINANCING AUTHORITY AGENDA AND STAFF REPORT MATERIAL IS AVAILABLE PRIOR TO CITY COUNCIL MEETINGS AT http://www.huntingtonbeachca.gov Page 7 of 7 8 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-131 MEETING DATE:2/15/2022 Discussion of the Policy Issues concerning the Cannabis-related Taxation and Regulation City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™9 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-133 MEETING DATE:2/15/2022 Mayor Delgleize to Announce: Pursuant to Government Code § 54957.6, the City Council takes this opportunity to publicly introduce and identify designated labor negotiator Sean Joyce, Interim City Manager, who will be participating in today's Closed Session discussions regarding labor negotiations with: Non-Represented (Non-Associated) Employees (NA) City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™10 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-134 MEETING DATE:2/15/2022 Mayor Delgleize to Announce: Pursuant to Government Code § 54957.6, the City Council takes this opportunity to publicly introduce and identify designated labor negotiators: Sean Joyce, Interim City Manager and Brittany Mello, Administrative Services Director, who will be participating in today's Closed Session discussions regarding labor negotiations for: City Manager City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™11 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-129 MEETING DATE:2/15/2022 CONFERENCE WITH LABOR NEGOTIATORS (Gov. Code section 54957.6.) Agency designated representatives: Sean Joyce, Interim City Manager. Employee Organizations: Non- Represented (Non-Associated) Employees (NA) City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™12 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-130 MEETING DATE:2/15/2022 CONFERENCE WITH LABOR NEGOTIATORS (Unrepresented Employee) Government Code section 54957.6. Title: City Manager, City Designated Representatives: Sean Joyce, Interim City Manager and Brittany Mello, Administrative Services Director City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™13 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-140 MEETING DATE:2/15/2022 CONFERENCE WITH LEGAL COUNSEL-EXISTING LITIGATION. (Paragraph (1) of subdivision (d) of Section 54956.9). Name of case: Hernandez (Angela) v. City of Huntington Beach, et al., OCSC Case No. 30-2020-01137506 City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™14 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:21-964 MEETING DATE:2/15/2022 Zarathushti Maneck Bhujwala of the Zoroastrian Community and member of the Greater Huntington Beach Interfaith Council City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™15 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-125 MEETING DATE:2/15/2022 Mayor Delgleize to present the Mayor’s HB Excellence Award for the month of February to Justin Torres, Landscape Maintenance Supervisor, Department of Public Works City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™16 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-082 MEETING DATE:2/15/2022 Presentation on the Safe and Sane Fireworks Stand Application and Lottery Process for 2022 City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™17 SAFE AND SANE FIREWORKS STAND APPLICATION AND LOTTERY PROCESS 2022 18 2022 FIREWORKS STAND APPLICATION/LOTTERY PROCESS Application Period: March 1 through March 31 Permits: The maximum number of permits that may be issued during any one calendar year shall be fifteen, with a maximum number of five permits issued to qualified organizations in each of the following categories: Civic Organizations High School Youth Sports 19 2022 FIREWORKS STAND APPLICATION/LOTTERY PROCESS CIVIC ORGANIZATIONS (5): Organizations operating within the City whose sole purpose is for civic betterment or charitable or religious purposes to and for the citizens of Huntington Beach –EXCLUDES high school extracurricular activities or youth or adult sports groups Approved applications will be entered into a lottery drawing held at the April 19 City Council meeting 20 2022 FIREWORKS STAND APPLICATION/LOTTERY PROCESS HIGH SCHOOL (5): High schools operating within the City that agree to use the proceeds for the benefit of valid student extracurricular activities/sports shall be allowed to submit one application Each public high school may be awarded one permit; upon application receipt and approval, each high school shall hold a lottery among its student clubs and organizations, and can dedicate its stand to not more than two groups 21 2022 FIREWORKS STAND APPLICATION/LOTTERY PROCESS A private high school may submit an application for the fifth high school permit If no private high school applies, the four public high schools will be entered into the lottery drawing for the fifth high school permit 22 2022 FIREWORKS STAND APPLICATION/LOTTERY PROCESS YOUTH SPORTS (5): Organizations operating within the City whose main purpose is to benefit a valid youth sports activity –EXCLUDES individual club or travel sports teams, or high school extracurricular activities/sports groups Approved applications will be entered into a lottery drawing held at the April 19 City Council meeting 23 2022 FIREWORKS STAND APPLICATION/LOTTERY PROCESS Prior to March 1, applicants successful in the 2021 application process will be notified by email of the 2022 process; and, A public announcement regarding the 2022 application process will be posted to local social media sites 24 2022 FIREWORKS STAND APPLICATION/LOTTERY PROCESS At the conclusion of the lottery drawing held on April 19, representatives from the Fire Department will contact successful applicants to explain what happens next, and to distribute temporary fireworks stand sales applications. For more information, visit these online resources: Fireworks Information –2022 http://www.huntingtonbeachca.gov/fireworks/ HB Municipal Code Chapter 5.90 –Fireworks 25 QUESTIONS? 26 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-126 MEETING DATE:2/15/2022 City Archivist Kathie Schey to announce receipt of a third digitization grant award from California Revealed, an initiative of the California State Library City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™27 California State Library Initiative Digitization, Preservation and On-Line Access Fully Awarded 3 Years in a row 66 films –more than our first 2 years combined! Content Focus – Surf Museum Construction Early Bolsa Chica Preservation American Trader Oil Spill 28 No Cost to City, Thousands of $ in Value Digitization Free on-line hosting Cal Revealed Website Internet Archive Digital Public Library of America University of California Calisphere 29 Outreach –Thousands of Viewers Worldwide!!! ABC/Fremantle Productions “Barons” Outreach and Online Access: Innovations from Smaller Institutions 30 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-086 MEETING DATE:2/15/2022 REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO:Honorable Mayor and City Council Members SUBMITTED BY:Robin Estanislau, CMC, City Clerk PREPARED BY:Robin Estanislau, CMC, City Clerk Subject: Approve and Adopt Minutes Statement of Issue: The City Council/Public Financing Authority regular meeting minutes of February 1, 2022, require review and approval. Financial Impact: None. Recommended Action: Approve and adopt the City Council/Public Financing Authority regular meeting minutes dated February 1, 2022, as written and on file in the office of the City Clerk. Alternative Action(s): Do not approve and/or request revision(s). Analysis: None Environmental Status: Non-Applicable Strategic Plan Goal: Non Applicable - Administrative Item Attachment(s): 1. February 1, 2022 CC/PFA regular meeting minutes City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™31 Minutes City Council/Public Financing Authority City of Huntington Beach Tuesday, February 1, 2022 5:00 PM – Closed Session 6:00 PM – Regular Meeting Civic Center, 2000 Main Street Huntington Beach, California 92648 or Virtual via Zoom A video recording of the 5:00 PM and 6:00 PM portions of this meeting is on file in the Office of the City Clerk, and archived at www.surfcity-hb.org/government/agendas/ 5:00 PM - COUNCIL CHAMBERS CALLED TO ORDER — 5:00 PM ROLL CALL Present: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) Absent: None ANNOUNCEMENT OF SUPPLEMENTAL COMMUNICATIONS PERTAINING TO CLOSED SESSION: (Received After Agenda Distribution) Pursuant to the Brown "Open Meetings" Act, City Clerk Robin Estanislau announced supplemental communications received by her office following distribution of the Council Agenda packet: Closed Session #3 (22-095) Email communication received regarding Pacific Airshow Refunds. PUBLIC COMMENTS PERTAINING TO CLOSED SESSION ITEMS (3-Minute Time Limit) — None A motion was made by Moser, second Carr to recess to Closed Session for Items 2 – 4. With no objections, the motion carried. RECESSED TO CLOSED SESSION — 5:05 PM CLOSED SESSION ANNOUNCEMENT(S) 1. 22-089 Mayor Delgleize Announced: Pursuant to Government Code § 54957.6, the City Council takes this opportunity to publicly introduce and identify designated labor negotiator Sean Joyce, Interim City Manager; also in attendance: Brittany Mello, Director of Administrative Services, who will be participating in today’s Closed Session discussions regarding labor negotiations with: Non-Represented (Non- Associated) Employees (NA) 32 CLOSED SESSION 2. 22-085 CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION. (Paragraph (1) of subdivision (d) of Section 54956.9). Name of case: Davis (Kesean Harvey) v. City of Huntington Beach, et al., USDC Case No.: 8:21-cv-01032-JVS (ADSx). 3. 22-095 CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION. Significant Exposure to Litigation Pursuant to Paragraph (2) of Subdivision (d) of Section 54956.9: Number of cases, one (1) - Threat of Litigation re Oil Spill Air Show. 4. 22-088 Pursuant to Government Code § 54957.6, the City Council recessed into Closed Session to meet with its designated labor negotiator: Sean Joyce, Interim City Manager; also in attendance: Brittany Mello, Director of Administrative Services, regarding the following: Non-Represented (Non-Associated) Employees (NA). 6:00 PM — COUNCIL CHAMBERS RECONVENED CITY COUNCIL/PUBLIC FINANCING AUTHORITY MEETING — 6:01 PM ROLL CALL Present: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) Absent: None PLEDGE OF ALLEGIANCE — Led by Councilmember Moser INVOCATION In permitting a nonsectarian invocation, the City does not intend to proselytize or advance any faith or belief. Neither the City nor the City Council endorses any particular religious belief or form of invocation. 5. 21-963 Rev. Steve Wright of St. Peter’s by the Sea Presbyterian Church, and member of the Greater Huntington Beach Interfaith Council CLOSED SESSION REPORT BY CITY ATTORNEY — None AWARDS AND PRESENTATIONS 6. 22-083 Mayor Delgleize proclaimed February as Black History Month Mayor Delgleize announced that this year's theme for Black History Month is Health and Wellness, and a time to honor and reflect on the contributions, struggles and legacy of African-Americans. Mayor Delgleize announced that the Human Relations Committee, in partnership with Huntington Beach public libraries, would be presenting a film series featuring African-American stories and storytellers beginning February 15 through the City's YouTube Channel, and HBTV Channel 3. Additional information is available City's Human Relations Committee webpage. 33 7. 22-063 Mayor Delgleize called on Orange County Mosquito and Vector Control District (OCMVCD) Communications Director, Lora Young to provide information on the District’s Sterile Insect Technique Technology program and to recognize Mayor Pro Tem Posey for his service as 2021 OCMVCD President of the Board of Trustees Lora Young, Communications Director, Orange County Mosquito and Vector Control District, presented a PowerPoint Communication titled Invasive Aedes Mosquitoes and SIT, with slides entitled: Scope and Governance, What is a Vector?, Mosquitoes (2), How OCMVCD Controls Mosquitoes, Service Request Data, Life Cycle of Aedes Mosquito, Invasive Aedes, Impacts to Orange County, Maintain Your Drain, Controlling for Aedes Mosquitoes, What is SIT, Different SIT Techniques, What you need to know, SIT in Orange County (2), and Questions. Ms. Young presented Mayor Pro Tem Posey with a plaque and Orange County Mosquito and Vector Control District (OCMVCD) jacket to acknowledge his service as 2021 OCMVCD Board of Trustees President. Mayor Pro Tem Posey congratulated Ms. Young for recently being promoted to the position of Assistant District Manager in conjunction with her Communications Director position. Mayor Delgleize and Ms. Young discussed how Aedes Mosquitoes were introduced to California, and Ms. Young explained some people's strong reaction to Aedes bites because the mosquitoes are so new to the area and most people may have not yet developed natural immunity. Councilmember Carr and Ms. Young discussed that the Sterile Insect Technique (SIT) plan would be implemented March through October, or during the mosquito season. ANNOUNCEMENT OF SUPPLEMENTAL COMMUNICATIONS (Received After Agenda Distribution) Pursuant to the Brown "Open Meetings" Act, City Clerk Robin Estanislau announced supplemental communications that were received by her office following distribution of the Council Agenda packet: Awards and Presentations #7 (22-063) PowerPoint Communication titled Invasive Aedes Mosquitoes and SIT received from Lora Young, Orange County Mosquito and Vector Control Communications Director. City Manager's Report #8 (22-076) PowerPoint Communication titled Huntington and Talbert Channels Update received from Sean Crumby, Director of Public Works. #8 (22-076) Fourteen (14) email communications received regarding the proposed "Trails to the Sea" project. Consent Calendar #15 (22-069) Inter-Departmental Communication received from Sean Joyce, Interim City Manager, requesting the removal of the item so that it can be reviewed by the Intergovernmental Review Committee (IRC) and then presented to Council at a future date. Administrative Items #18 (22-074) PowerPoint Communication titled Community Choice Aggregators (CCA) — Orange County Power Authority Rate Selection received from Sean Joyce, Interim City Manager. #18 (22-074) Eighty-four (84) email communications received regarding the Orange County Power Authority (OCPA) Default Rate Selection. 34 Councilmember Items #19 (22-079) Email received regarding the proposed blood drive at a City of Huntington Beach facility. PUBLIC COMMENTS (2-Minute Time Limit) — 26 In-Person and 26 Call-In Speakers The number [hh:mm:ss] following the speakers' comments indicates their approximate starting time in the archived video located at http://www.surfcity-hb.org/government/agendas. Carol Rohr, President, Skandia Home Owners Association, was called to speak and described the hardships created by predatory mobile home park owners, thanked the City Council for their support, and encouraged their efforts to place a mobile home carve out amendment to City Charter Section 803 on the November 2022 election. (00:33:15) Robert Herold, 90-year-old resident of Skandia Mobile Home Park, was called to speak and shared details on the lease agreements that new owner IPG is implementing, including what he believes are unreasonable lease increases for fixed-income residents. (00:35:02) Patricia Taylor, a resident of Rancho Huntington Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (00:37:24) Melanie Garrison, a 24-year resident of Skandia Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (00:39:40) Suzan Neil, a resident of Skandia Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (00:40:55) Jeanne Farrens, a resident of Skandia Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (00:42:03) Lynn Plumb, widow of a veteran living in Skandia Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (00:43:24) Dan Pantano, a resident of Skandia Mobile Home Park, was called to speak and asked that City Council approve a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (00:45:39) Gina Pantano, a resident of Skandia Mobile Home Park, was called to speak and asked that City Council approve a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (00:47:37) Joanne Purdie, a resident of Skandia Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (00:49:53) 35 Michael was called to speak and asked that City Council vote to help people keep their mobile homes. (00:51:37) Karen, a resident of Shore Cliff Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (00:52:04) Tim Geddes, 37-year resident of Huntington Beach and former member of the Mobile Home Advisory Board, was called to speak and shared his opinions related to some mobile home park acquisitions by corporate investment groups, which he believes has resulted in great harm to the park residents. He further stated that local government can no longer look the other way, but must act now and act decisively. (00:53:34) Vicki DiPaolo was called to speak and stated her support for Administrative Items #18 regarding Orange County Power Authority (OCPA) 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (00:55:34) Mary Jo Baretich, 39-year resident at Cabrillo Beachfront Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (00:56:54) Damon Mircheff, Chair of the City of Huntington Beach Charter Review Committee, was called to speak and shared that this Committee is charged to think critically regarding best practices for good government as the City grows and evolves. Mr. Mircheff described the deliberative process and the commitment of Committee members. (00:59:07) CJ Ray, Vice Chair of the City of Huntington Beach Charter Review Committee, was called to speak and encouraged residents to get involved and participate in the Charter Review process, thanked Councilmembers for their appointments to this Committee, and thanked staff for their support throughout the process. (01:01:19) Pano Frousiakis, Candidate for City Council in 2022, was called to speak and shared his opposition to the Orange County Power Authority (OCPA) as the provider for City of Huntington Beach energy, and his opposition to The York, a new high-density development planned on Beach Boulevard at Yorktown. (01:02:56) Danny Gray, Climate Reality Project OC member, resident of Capistrano Beach and supporter of the Surfrider Foundation, was called to speak and shared his support for Administrative Items No. 18 regarding Orange County Power Authority (OCPA) 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (01:05:09) Gary Hann, owner of a mobile home in Skandia Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (01:07:03) Michael Lugenbuehl, resident in Skandia Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (01:09:21) 36 Sheila Lugenbuehl, a resident of Skandia Mobile Home Park, was called to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (01:11:20) Sandy Smallshaw, a resident of Huntington Beach since 1989, was called to speak and stated her support for Administrative Items No. 18 regarding Orange County Power Authority (OCPA) 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (01:12:02) Linda Kraemer, Co-Chair, Climate Reality Project OC, was called to speak and stated her support for Administrative Items No. 18 regarding Orange County Power Authority (OCPA) 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (01:14:08) Cory Johnson, a 23-year resident of Huntington Beach, was called to speak and stated his support for Administrative Items No. 18 regarding Orange County Power Authority (OCPA) 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (01:16:16) Austin Edsell, a resident of Huntington Beach, was called to speak and stated his support for Administrative Items No. 18 regarding Orange County Power Authority (OCPA) Basic Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (01:18:16) Caller Richard Smith, a retired veteran and resident of Skandia Mobile Home Park, was invited to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (01:20:12) Caller Ruben, a veteran and resident of Skandia Mobile Home Park, was invited to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (01:22:36) Caller Bob Mark was invited to speak and stated his disappointment in the Re-scope of Huntington and Talbert Channels Effort, and stated if plans proceed to provide a walking path along Huntington Beach Channel it will negatively impact the protected wetlands, and asked that any new plans eliminate use of any Channel roads. (01:24:19) Caller Paul Engstrom was invited to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (01:27:08) Caller Kim Casey, a resident of Skandia Mobile Home Park, was invited to speak and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (01:28:28) Caller Nick Pezzaniti, a resident of Huntington Beach whose home backs to the Talbert Channel, was invited to speak and stated his opposition to having the Channel service roads turned into walking trails as it will remove all privacy to residents' back yards. (01:29:27) Caller Chris Button, who lives adjacent to the Huntington Channel, was invited to speak and stated his opposition to having the Channel roads turned into unsafe trails at major street crossings. (01:31:15) 37 Caller Trent Harris, whose home backs to the Talbert Channel, was invited to speak and stated his opposition to having the Channel service roads turned into walking trails as it will remove all privacy to residents' back yards, as well as create unsafe street crossings. (01:32:12) Caller Autumn Digiovanni, a south Huntington Beach resident whose home backs up to Talbert Channel, was invited to speak and stated her opposition to having Channel service roads turned into walking trails as it will remove all privacy to residents' back yards, as well as making it harder for the schools adjacent to any Channel to secure their premises for student safety. (01:33:45) Caller Ray Scrafield, an Army veteran and 11-year resident of Skandia Mobile Home Park, was invited to speak and shared details on the lease agreements that new owner IPG is implementing, including what he believes are unreasonable lease increases for fixed-income residents, and asked that City Council support placing a mobile home carve out amendment to City Charter Section 803 on the November 2022 ballot. (01:36:17) Caller Steven Shepherd was invited to speak and stated his support for Administrative Items No. 18 regarding Orange County Power Authority (OCPA) 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. Mr. Shepherd also noted that the Re-scope of Huntington and Talbert Channels Effort has certainly brought to everyone's attention the need for safe walking and bicycle trails in southeast Huntington Beach. (01:38:32) Caller Vickie Talley, Executive Director, Manufactured Housing Educational Trust (MHET), was invited to speak and shared her opinions regarding the situations shared by Skandia Mobile Home Park residents. She suggested they apply for rent subsidy assistance, and gather signatures for the City Charter amendment they want to see on the November 2022 ballot. (01:41:08) Caller Ada Hand, a resident of Del Mar Estates Mobile Home Park, was invited to speak and stated support for the concerns of the Skandia Mobile Home Park residents. Ms. Hand asked that the Mobile Home Advisory Board support the efforts of mobile home owners and ensure this topic is placed on the February 15, 2022, City Council Agenda. (01:44:01) Caller Julie Poly, Western Manufactured Housing Communities Association, was invited to speak and shared her perspective that the rent increases proposed by IPG for Skandia Mobile Home Park only cover the new property tax basis for the new property owner, and is not profit for IPG. She stated that about 60% of the property tax increase goes to the local school district, and suggested there are solutions to consider, such as implementing a mobile home rental assistance program, rather than implementing any type of rent control. (01:46:15) Caller Frances Delaney-Barron, a resident of Sunset Beach for 31 years, was invited to speak and stated her support for Administrative Items No. 18 regarding Orange County Power Authority (OCPA) 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (01:49:05) Caller Chris Houser, owner of Rancho del Rey Mobile Home Estates and Mobile Home Advisory Board Member, was called to speak and stated that approximately three percent of their mobile home owners utilize the support of the Rental Assistance and Orange County Housing Assistance Programs. Mr. Houser further stated he is opposed to singling out mobile home parks for any type of rent control. (01:50:45) 38 Caller Gary Wong, a veteran and resident of Huntington Beach for 38 years, was invited to speak and stated his support for any project that will provide an independent source of water, in addition to the Colorado River and Northern California sources. From his perspective, the question is whether the approved solution will provide an independent source of water without disturbing the environmental quality of life for future generations. (01:53:04) Caller Kathleen McGowan, Huntington Beach Environmental and Sustainability Board Member, and an Orange County Power Authority (OCPA) Community Advisory Committee, City of Huntington Beach Representative, and Environmental Engineer speaking on her own behalf, was invited to speak and stated her support for Administrative Items No. 18 regarding OCPA 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (01:55:22) Caller Valerie Avila, IPG Regional Manager, Skandia Mobile Home Park, was invited to speak and stated that all Skandia homeowners were notified of the availability of the Manufactured Housing Educational Trust (MHET) Rental Assistance Program, and may qualify for a ten-percent discount that never has to be paid back. (01:56:46) Caller Joclyn Rabbitt-Sire, a 23-year resident of Huntington Beach, was invited to speak and stated her support for Administrative Items No. 18 regarding Orange County Power Authority 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (01:58:06) Caller Marilyn Palomino, a resident of Huntington for 35 years, was invited to speak and stated her support for Administrative Items No. 18 regarding Orange County Power Authority 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (02:00:25) Caller Julie Rodriguez, Property Management President for Investment Property Group (IPG), owner of Skandia Mobile Home Park, was called to speak and described examples of investments made to the Park to increase property values, and increased costs for taxes and maintenance to justify the rental increases. (02:01:53) Caller Richard Hughes, Owner, Rancho Del Rey Mobile Home Estates, was invited to speak and shared his opinions related to the increased costs described by the Skandia Mobile Park residents, and stated all costs are going up because of inflation. He further described the rental assistance programs available to mobile park homeowners, and park management efforts to support their homeowners. (02:04:09) Caller Erin Lusgignan, a resident for 20+ years whose home backs to Talbert Channel next to Sowers School, was invited to speak and stated her opposition to having Channel service roads turned into walking trails as it will remove all privacy to adjacent residents' back yards, and create unsafe street crossings at multiple locations. (02:06:36) Caller Ayn Craciun was invited to speak and stated her support for Administrative Items No. 18 regarding Orange County Power Authority 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (02:09:05) Caller Alexis Hernandez, OC Equity Organizer and Policy Advocate for nonprofit Climate Action Campaign, was invited to speak and stated her support for Administrative Items No. 18 regarding Orange 39 County Power Authority 100% Renewable Choice as the default energy product offering for residential and commercial customers in Huntington Beach. (02:11:26) COUNCIL COMMITTEE — APPOINTMENTS — LIAISON REPORTS, AB 1234 REPORTING, AND OPENNESS IN NEGOTIATIONS DISCLOSURES Councilmember Carr reported attending meetings of the Mobile Home Advisory Board, and announced openings for this Board, the Communications Committee, and Southeast Area Committee. Councilmember Carr asked that staff upload the presentations from the Southeast Area Committee meeting to the City's website as they contained important information related to City Updates, AES, ASCON and Poseidon. Councilmember Moser reported attending meetings of the Homeless Task Force; West Orange County Water Board; HB Central Park Collaborative; and Communications Committee. Councilmember Bolton reported attending meetings of the Human Relations Committee, which will celebrate 25 Years of Service on April 7th at City Hall; Southeast Huntington Beach Community; Jet Noise Commission; and Santa Ana River Flood Protection Agency. Mayor Pro Tem Posey reported attending meetings of the Orange County Mosquito and Vector Control District Board; and Orange County Council of Governments (OCCOG). Councilmember Kalmick reported attending meetings of the West Orange County Water Board; Cannabis Ad Hoc Committee; Design, Build, Finance, Operate and Maintain (DBFOM) Ad Hoc Committee; Mobile Home Advisory Board; and Communications Committee. Mayor Delgleize invited Police Chief Para to the podium for a brief report on the recent Fish with the Force event at Carr Park for local elementary students. Mayor Delgleize reported attending the Salvation Army shelter groundbreaking in Anaheim. CITY MANAGER’S REPORT 8. 22-076 Re-scope of Huntington and Talbert Channels Effort Interim City Manager Sean Joyce explained that the title for this report, which describes how the former “Trails to the Sea” mobility concept is changing, was chosen with the intent of ensuring interested residents would not miss the change of focus. Interim City Manager Joyce introduced Public Works Director Sean Crumby who presented a PowerPoint communication titled Huntington and Talbert Channels Update with slides entitled: Overview, Survey, and Next Steps. Mayor Pro Tem Posey thanked Director Crumby and staff for remaining flexible and confirming the remaining budgeted funds will still be focused on mobility concerns. CITY TREASURER’S REPORT 9. 22-036 Received and Filed the City Treasurer’s December 2021 Quarterly Investment Summary Report 40 City Treasurer Alisa Backstrom presented a PowerPoint communication titled Quarterly Investment Report for the Quarter Ended: December 31, 2021 with slides entitled: Investment Portfolio – Summary, Investment Portfolio – Investments by Type, Investment Portfolio – Quarterly Activity (Oct-Dec), Investment Portfolio – Earnings, Interest Rates – US Treasury Rates, Selected Investment Policy Compliance Requirements, and Summary. A motion was made by Carr, second Posey to receive and file the City Treasurer's Quarterly Investment Report for December 2021, pursuant to Section 17.0 of the Investment Policy of the City of Huntington Beach. The motion carried by the following vote: AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) NOES: None CONSENT CALENDAR 10. 22-033 Approved and Adopted Minutes A motion was made by Carr, second Posey to approve and adopt the City Council/Public Financing Authority regular meeting minutes dated January 18, 2022, as written and on file in the office of the City Clerk. The motion carried by the following vote: AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) NOES: None 11. 22-031 Received and filed the 2022 annual update of the Council Manual digitally compiled to incorporate policy information previously adopted by Resolution No. 2019-09 A motion was made by Carr, second Posey to receive and file the updated Council Manual 2022. The motion carried by the following vote: AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) NOES: None 12. 22-064 Adopted Resolution No. 2022-03 approving the 2022 Investment Policy A motion was made by Carr, second Posey to adopt Resolution No. 2022-03, "A Resolution of the City Council of the City of Huntington Beach Approving the Statement of Investment Policy 2022." The motion carried by the following vote: AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) NOES: None 41 13. 22-075 Approved positions on legislation pending before the State Legislature, as recommended by the Intergovernmental Relations Committee (IRC) A motion was made by Carr, second Posey to approve a letter of support for Assembly Bill 1595 (Quirk- Silva & Choi): Veterans Cemetery. The motion carried by the following vote: AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) NOES: None 14. 22-001 Approved and authorized execution of a Professional Service Agreement for the preparation of an Americans with Disabilities Act (ADA) Self-Evaluation and Transition Plan with Disability Access Consultants (DAC) A motion was made by Carr, second Posey to approve and authorize the Mayor and City Clerk to execute "Professional Services Contract Between the City of Huntington Beach and Disability Access Consultants, LLC for ADA Self-Evaluation and Transition Plan." The motion carried by the following vote: AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) NOES: None 15. 22-069 WITHDRAWN Approve and authorize execution of a Professional Services Contract with K Street Consulting, LLC for Legislative Advocacy and Grant Management Services 16. 22-061 Approved and authorized execution of Amendment No. 5 to Agreement with Biggs Cardosa Associates, Inc. (BCA) for bridge design services in the amount of $301,857.00, for a total contract amount not to exceed $3,115,654.00 and extending the contract term 3 years A motion was made by Carr, second Posey to approve and authorize the Mayor and City Clerk to execute "Amendment No. 5 to Agreement Between the City of Huntington Beach and Biggs Cardosa Associates, Inc. for Bridge Design Services." The motion carried by the following vote: AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) NOES: None 17. 22-062 Approved the purchase of 23 replacement vehicles from National Auto Fleet Group using lease financing and authorized the City Manager to enter into all documents necessary to lease finance the purchase of the vehicles A motion was made by Carr, second Posey to approve the purchase of 23 replacement vehicles utilizing 5-year lease financing at an interest rate not to exceed 2.375 percent and authorize the City Manager to 42 enter into all documents necessary to lease finance the purchase of the vehicles and take all administrative and budgetary actions necessary to complete the purchase and financing. The motion carried by the following vote: AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) NOES: None ADMINISTRATIVE ITEMS 18. 22-074 Selected Orange County Power Authority (OCPA) Alternative Default Energy Product Offerings for Residential/Commercial customers and City facilities Interim City Manager Sean Joyce presented a PowerPoint communication titled Community Choice Aggregators (CCA) Orange County Power Authority Rate Selection with slides entitled: What is a Community Choice Aggregator (CCA)?; CCA Background in HB; Alternative Default Energy Product Offerings; Orange County Power Authority Member Agencies; Basic Choice; Smart Choice; 100% Renewable; Policy Decisions, and Questions? Mayor Pro Tem Posey, as an Orange County Power Authority (OCPA) Board Member, elaborated on the 69% Renewable Choice and explained that option is an average of the Basic Tier at 38.5% and 100% for the Upper Tier, and described OCPA Board discussion options for setting each Tier rate. He also reviewed other steps the City has taken to be energy conservative including the purchase and conversion of street light poles, City Hall parking lot solar panels, battery back-up, and commitment to acquiring hybrid City vehicles. Mayor Pro Tem Posey stated his opinion that there are funds in the budget, the City has exhibited good stewardship, and the Return on Investment (ROI) for the switch to LED street lights will pencil out, resulting in the City's greenhouse gas reductions playing a part in complying with SB 32 and other mandates from Sacramento. Councilmember Kalmick described his perspective that by joining the OCPA, people will have four options for energy source, including local control for setting rates, and a viable way to meet the City's greenhouse gas emission plans as described in the General Plan. He also stated his opinion that this effort will make a measurable impact on the effort to forestall climate change and sea level rise. Councilmember Kalmick explained his perspective that even though this program will not make any immediate changes in the use of power generated locally, it is a first step to creating revenue that can be used for local jobs and local energy projects in the future. He further stated his support for the 100% Renewable Choice as the default product offering. Mayor Pro Tem Posey explained that commercial users will have access to the OCPA options beginning in April, and residential customers will have access in the Fall. Option notices will be sent out 60 days before launch, and customers will have up to 60 days after launch to select one of four options: Southern California Edison, Community Choice Aggregate (CCA) at 38.5%, 67% or 100% renewable energy. In addition, anyone with solar panels will get 10% more than investor-owned utilities currently offer if they select a CCA option. 43 Councilmember Carr shared information about the California Energy Rates Program that can offer a 30 – 35% discount on electrical rates for qualified consumers. Details can be found on the Southern California Edison website. There is also a Family Electric Rate Assistance Program available to customers who may be just above the low-income qualification that provides an 18% discount. The discounts for each Program are available regardless of energy supplier. Councilmember Carr stated the intention for energy choice has always been about allowing choices, providing local control, and having profits returned to the local community rather than to an investor- owned utility. She further stated her support for the 100% Renewable Choice as the default product offering. Councilmember Peterson shared his opinion that true choice is not forcing everyone into one program while providing an opt-out option. He further stated there is a new power plant in Huntington Beach, but there are no solar, wind farms, or hydro dams locally, nor would it be possible to build a solar plant or wind farm in Huntington Beach that would be big enough to supply the power needs of Huntington Beach. In reality, offering a 100% renewable option, in his opinion is only subsidizing green energy being created somewhere else. Councilmember Peterson stated his support for selecting the Basic Tier of 38.5% Renewable Choice as the default product offering and any customer then can choose to switch to the 100% Renewable Choice if it makes sense to them. He added that he believes there are better uses for the City's $200,000/year, the amount the 100% Renewable Choice is projected to cost. Councilmember Carr clarified for the record that no one has ever said that a 100% Renewable Choice means that 100% of the power is renewable. She further clarified that voluntarily opting in to alternatives would be preferable, but that is not allowed by the California Public Utilities Commission (CPUC), who sets the rules for program offerings. Councilmember Bolton and Mayor Pro Tem Posey discussed an expected nominal fee that will only apply to customers changing their option after the 60-day deadline. Mayor Pro Tem Posey re-iterated everyone will receive Option Notices 60 and 30 days before the switchover, as well as 30 and 60 days after the switch has been made. Councilmember Bolton stated her support for the City using all avenues possible to educate and assist residents in option decisions, in addition to the planned mailings. She also encouraged people to look at the map prepared by the California Environmental Protection Agency, Office of Environmental Health Hazard Assessment to better understand the pollution burden that exists in some areas of Huntington Beach. Councilmember Bolton further stated her support for the OCPA. Councilmember Moser stated her support for implementing a proven model and making a decision that will improve life for future generations. She added her opinion that this decision is one of many that will need to be made regarding future sustainability, and suggested it may be time for an efficiency audit to evaluate the success of the past decisions such as street lights, solar panels, and battery backup, as well as look for other options for reducing energy and costs. Councilmember Moser stated her support for the 100% Renewable Choice as the default offering, and for staff making extra effort to assist consumers with their choices. She also shared her expectation that 44 OCPA will be transparent in their operations, and will provide regular outreach communication in collaboration with the City. Mayor Pro Tem Posey responded to Councilmember Moser's comments about OCPA communication, by stating the OCPA does have a Communications Committee, for which he is Chair, and has a couple of press conferences coming up soon with exciting news to share. Mayor Delgleize shared her perspective on the City's long-term focus on ways to increase energy efficiency. She stated her support for 100% Renewable Choice as truly embracing the highest available standard, and encouraged taking steps to ensure staff is available during normal business hours to answer questions and assist customers with their rate choice decisions. Interim City Manager Joyce confirmed there is a budget for OCPA outreach efforts, as well as a commitment to attend civic events. He also affirmed the City could make facilities and staff available as well. Mr. Probolsky, Orange County Power Authority (OCPA) CEO, joined the meeting via Zoom, and confirmed that OCPA has the budget and bodies to assist Huntington Beach in whatever ways requested in implementing electric power choices. Councilmember Carr stated her support for multi-channel outreach opportunities, and noted that Huntington Beach is the second biggest City in the OCPA and may require more resources than smaller cities would for adequate community outreach. A motion was made by Kalmick, second Carr to select 100% Renewable Choice as the default energy product offering for Residential, Commercial and City municipal energy accounts in Huntington Beach. The motion carried by the following vote: AYES: Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) NOES: Peterson COUNCILMEMBER ITEMS 19. 22-079 Approved Item Submitted by Mayor Delgleize, Councilmember Moser and Councilmember Bolton — Consider support of a Blood Drive in collaboration with the UCI Health Bloodmobile, and direct staff to coordinate with UCI Health to host the event at a City Facility Councilmember Moser introduced this item by stating this effort is in response to the National Blood Crisis, due to the COVID-19 pandemic, as announced by the American Red Cross in January 2022. She noted that the Huntington Beach Fire Association, partnering with the Red Cross, Nuvision Credit Union and Refuge Calvary Chapel, managed three successful blood drives during the pandemic. Councilmember Moser added that the intent of this item is to not only approve an upcoming blood drive in collaboration with UCI Health, but also to direct staff to regularly engage in continued blood drive opportunities. She also noted that the Huntington Beach Fire Association is working on another blood drive scheduled for May. 45 A motion was made by Moser, second Delgleize to direct staff to collaborate with UCI Health to host a blood drive at a City of Huntington Beach facility tentatively on March 5, 2022; and, direct staff to highlight and promote resources for additional opportunities for the community to participate in blood drives. The motion carried by the following vote: AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, and Kalmick (Zoom) NOES: None COUNCILMEMBER COMMENTS (Not Agendized) Mayor Pro Tem Posey complimented Police Chief Parra for his daily City Council updates on activities by officers on proactive patrol, and thanked him and all Huntington Beach Police Officers for their outstanding work. Councilmember Carr wished everyone Happy Lunar New Year, Year of the Tiger. She gave a shout-out to the Huntington Beach High School Model United Nations Team for earning the Most Outstanding Delegation recognition at the recent international competition at Harvard University, and acknowledged her daughter, who received Best Delegate recognition. Councilmember Carr reported participating in the 14th Anniversary celebration of Sweet Elle Cafe, and attending the 12th Annual KinderVision Celebrity Benefit Golf Tournament. Councilmember Moser announced that EveryoneCounts.org is live and encouraged those interested in volunteering for the Orange County Point-In-Time Homeless Count, February 22 – 24, 2022, to go to that website for details and to sign up. She also reported attending the grand Re-Opening and 14th Anniversary Celebration for Sweet Elle Cafe; grand openings for Plants by Yours Truly & BYO, as well as Plants and Refills, two local women-owned businesses; and described her experience of recently participating in a Be Well OC ride-along. ADJOURNMENT — 9:39 PM to the Strategic Planning Workshop scheduled for 9:00 AM, Friday, February 4, 2022 at Huntington Beach Central Library, Rooms C & D, 7111 Talbert Avenue, Huntington Beach, California. The next regularly scheduled meeting of the Huntington Beach City Council/Public Financing Authority is Tuesday, February 15, 2022, at 4:00 PM in the Civic Center Council Chambers, 2000 Main Street, Huntington Beach, California. INTERNET ACCESS TO CITY COUNCIL/PUBLIC FINANCING AUTHORITY AGENDA AND STAFF REPORT MATERIAL IS AVAILABLE PRIOR TO CITY COUNCIL MEETINGS AT http://www.huntingtonbeachca.gov 46 ________________________________________ City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach and Secretary of the Public Financing Authority of the City of Huntington Beach, California ATTEST: ______________________________________ City Clerk-Secretary ______________________________________ Mayor-Chair 47 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:21-1018 MEETING DATE:2/15/2022 REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO:Honorable Mayor and City Council Members SUBMITTED BY:Robin Estanislau, CMC, City Clerk PREPARED BY:Robin Estanislau, CMC, City Clerk Subject: Reaffirm adoption of Resolution No. 2021-62 finding a proclaimed state of emergency continues to impact the ability to meet safely in person, and allows meetings of the City Council and all City boards, commissions and committees to be conducted remotely as needed in compliance with new Brown Act provisions identified in Assembly Bill 361 Statement of Issue: On September 16, 2021, Governor Newsom approved Assembly Bill 361 (Rivas) that amends the Ralph M. Brown Act to include a new authorization that allows all local agencies to host remote meetings and remote public comments. The authorization, which largely extends the provisions of the Governor’s Executive Order N-29-20 (approved March 17, 2020) and Executive Order N-35-20 (approved March 21, 2020), is in effect until January 1, 2024. To comply with the new provisions identified in AB 361, the City Council adopted Resolution No. 2021-62 finding a proclaimed state of emergency continues to impact the ability to meet safely in person, and allows meetings of the City Council and all City boards, commissions and committees to be conducted remotely as needed due to health and safety concerns for the public. Financial Impact: Not applicable. Recommended Action: Reaffirm Resolution No. 2021-62, “A Resolution of the City Council of the City of Huntington Beach, California, finding that the proclaimed state of emergency continues to impact the ability to meet safely in person.” Alternative Action(s): Do not reaffirm Resolution No. 2021-62 and direct staff accordingly. Analysis: A provision of Assembly Bill 361 requires local agencies to verify every 30 days that the exemption from traditional teleconference requirements is still necessary. Specifically, the legislative body must City of Huntington Beach Printed on 2/9/2022Page 1 of 2 powered by Legistar™48 File #:21-1018 MEETING DATE:2/15/2022 make findings no later than 30 days after the first teleconference and every 30 days thereafter that: ·The legislative body has reconsidered the state of emergency circumstances; and ·Either i) the state of emergency continues to directly impact the ability of the members to meet safely in person, or ii) state or local officials continue to impose or recommend measures to promote social distancing. If necessary, the City will continue to make appropriate findings at least every 30 days to ensure compliance with this verification requirement of Assembly Bill 361 until its sunset date of January 1, 2024. Environmental Status: Not applicable. Strategic Plan Goal: Non Applicable - Administrative Item Attachment(s): 1. Resolution No. 2021-62 2. Assembly Bill 361 City of Huntington Beach Printed on 2/9/2022Page 2 of 2 powered by Legistar™49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-047 MEETING DATE:2/15/2022 REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO:Honorable Mayor and City Council Members SUBMITTED BY:Sean Joyce, Interim City Manager PREPARED BY:Sean Crumby, Director of Public Works Subject: Award and authorize the execution of a construction contract with Orion Construction Corporation, in the amount of $3,486,243 for the McFadden Sewer Lift Station Replacement Project, CC-1610; approve appropriation of funds and declare Arnaz Engineering Contractors, Inc. as non-responsive Statement of Issue: On December 15, 2021, bids were received electronically for the McFadden Sewer Lift Station Replacement Project. City Council action is requested to award the construction contract to Orion Construction Corporation, the lowest responsive and responsible bidder. Financial Impact: Total funds for the project, including contingency and supplemental expenses, are estimated at $4,532,200. Funds for the project are available in Sewer Development Fee Fund account 21089018.82600 ($1,428,898) and in Sewer Service Fund account 51189016.82600 ($1,700,000). Staff requests a $1,403,302 appropriation from the Sewer Service Fund (511). Recommended Action: A) Appropriate $1,403,302 from the Sewer Service Fund (511) to Account 51189016.82600; and, B) Declare the first apparent lowest bid from Arnaz Engineering Contractors, Inc. as non-responsive; and, C) Accept the second lowest responsive and responsible bid submitted by Orion Construction Corporation, in the amount of $3,486,243; and, D) Authorize the Mayor and City Clerk to execute a construction contract in a form approved by the City Attorney. Alternative Action(s): Reject all bids and provide staff with an alternative direction. City of Huntington Beach Printed on 2/9/2022Page 1 of 3 powered by Legistar™67 File #:22-047 MEETING DATE:2/15/2022 Analysis: The existing McFadden Sewer Lift Station,located at the southeast corner of McFadden Avenue and Dawson Lane in Greer Park,was constructed in 1972 and needs replacement due to its age and insufficient wet well capacity. The existing concrete box structure is also experiencing structural failures due to immersion in a high chloride groundwater environment. The issue concerning insufficient wet well capacity is problematic as the wet well lacks holding time, which limits maintenance staff’s ability to respond to issues. Also, the undersized wet well causes the pumps to cycle excessively,which reduces pump life and overall station’s reliability. A new duplex submersible pump lift station and a separate valve vault with a magnetic flow meter will be constructed per current state-of-the-art equipment and material that will improve the sewer system’s reliability and staff’s response time for any emergency situation. This project will also remove approximately 1,300 lineal feet of 4-inch sewer force main pipeline located along McFadden Avenue starting at Dawson Lane and will construct an 8-inch gravity flow pipeline system. This project will also include an emergency natural gas generator so the sewer lift station facility will continue to function normally during an electrical power outage, consequently minimizing sewage spills. The bids were received electronically on December 15, 2021. The verified bid amounts are listed below: Bidding Contractor Bid Amount Submitted Arnaz Engineering Contractors, Inc.$2,974,905 Orion Construction Corporation $3,486,243 Vido Artukovich & Son Inc./Vidmar Inc. A JV $3,786,090 Mladen Buntich Construction $4,130,855 Mehta Mechanical Company, Inc.$4,192,030 Caliagua, Inc.$4,633,912 Zusser Company, Inc.$4,695,200 Mike Prlich and Sons, Inc.$4,882,868 The apparent lowest bid was submitted by Arnaz Engineering Contractor Inc. After a thorough review of the bid and under direction of the City Attorney’s Office, the City determined Arnaz Engineering Contractors to be non-responsive for not providing construction experience similar to the work required per the project specifications. Therefore,staff is recommending award of the construction contract to the second apparent lowest bidder Orion Construction Corporation. Staff checked their references and recommends award of a construction contract to Orion Construction Corporation in the amount of $3,486,243. The total estimated construction cost is $4,532,200,which includes the construction contract amount, a 15% contingency, and supplemental expenses, including contracted construction project management, and materials testing. Environmental Status: The project is categorically exempt pursuant to Section 15304 of California Environmental Quality Act. City of Huntington Beach Printed on 2/9/2022Page 2 of 3 powered by Legistar™68 File #:22-047 MEETING DATE:2/15/2022 Strategic Plan Goal: Infrastructure & Parks Attachment(s): 1. Location Map City of Huntington Beach Printed on 2/9/2022Page 3 of 3 powered by Legistar™69 MCFADDEN SEWER LIFT STATION CC-1610 70 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-051 MEETING DATE:2/15/2022 REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO:Honorable Mayor and City Council Members SUBMITTED BY:Sean Joyce, Interim City Manager PREPARED BY:Sean Crumby, Director of Public Works Subject: Accept the lowest responsive and responsible bid, approve appropriation of funds and authorize execution of a construction contract with RJ Noble Company in the amount of $2,658,630 for the Zone 5 Overlay Project, CC-1638 Statement of Issue: On January 20, 2022, bids were publically opened for the Zone 5 Overlay project. City Council action is requested to award the construction contract to RJ Noble Company, the lowest responsive and responsible bidder. Financial Impact: The total cost of the project is $3,034,500. Funds for this project are available in the current fiscal year budget in the Gas Tax Account 20790059.82300 ($1,630,000), Water Fund Account 50685201.82100 ($150,000) and Sewer Fund Account 51185101.82600 ($100,000). Staff is requesting an appropriation from the undesignated Measure M fund balance of $1,154,500. Recommended Action: A) Accept the lowest responsive and responsible bid submitted by RJ Noble Company in the amount of $2,658,630; and, B) Appropriate $1,154,500 from the undesignated Measure M fund balance to account 21390002.82300; and, C) Authorize the Mayor and City Clerk to execute a construction contract in a form approved by the City Attorney. Alternative Action(s): Reject all bids, or provide staff with an alternative action. City of Huntington Beach Printed on 2/9/2022Page 1 of 2 powered by Legistar™71 File #:22-051 MEETING DATE:2/15/2022 Analysis: This project will rehabilitate the pavement for approximately 80 of the worst residential street segments in Maintenance Zone 5. Maintenance Zone 5 is bounded by Yorktown Avenue to the north, Beach Boulevard to the east, and Pacific Coast Highway to the south and west. Work will include limited localized pavement repairs, crack sealing, cold milling, striping, and an asphalt overlay. Bids were publicly opened on January 20, 2022, with the following results: BIDDER'S NAME BID AMOUNT RJ Noble Company $2,658,630.00 All American Asphalt $2,807,130.00 Hardy & Harper $3,119,000.00 Excel Paving $3,186,150.00 RJ Noble Company has provided acceptable experience on similar City projects in the past. Therefore, staff recommends awarding a contract to RJ Noble Company in the amount of $2,658,630. The total cost of the project is $3,034,500. This total includes the construction contract of $2,658,630 plus ten-percent (10%) construction contingency. In addition, supplemental expenses for labor compliance monitoring and project inspection are needed for this project. Environmental Status: The project is categorically exempt pursuant to Class 1, Section 15301(c) of the California Environmental Quality Act. Public Works Commission Action: The Public Works Commission reviewed and approved CC-1638 on November 17, 2021, with a vote of 5-0-1 (Commissioner Shepard absent). Strategic Plan Goal: Infrastructure & Parks Attachment(s): 1. Vicinity Map City of Huntington Beach Printed on 2/9/2022Page 2 of 2 powered by Legistar™72 73 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-078 MEETING DATE:2/15/2022 REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO:Honorable Mayor and City Council Members SUBMITTED BY:Sean Joyce, Interim City Manager PREPARED BY:Sean Crumby, Director of Public Works Subject: Reject all bids for the Storm Water Pump Station Facility Improvements Project CC -1657; update specifications and rebid the project Statement of Issue: On December 2, 2021 bids were opened for the Storm Water Pump Station Facility Improvements Project CC 1657. It is recommended that all bids be rejected, update the project specifications and the project be rebid. Financial Impact: Funds for the project totaling $575,000 are included in the Fiscal Year 2021-22 approved budget in Infrastructure Account No. 31440005.82500. The recommended action will preserve funds in the Account. Recommended Action: Reject all bids for the Storm Water Pump Station Facility Improvements Project CC -1657, update project specifications and the rebid the project. Alternative Action(s): Do not reject bids at this time and direct staff on how to proceed. Analysis: Following a facility assessment of the fifteen storm water pump stations, the Utilities Division prioritized the roof replacements of the Adams, Atlanta, Bolsa Chica, Flounder, and Indianapolis stations. These roofs were last replaced in the 1990s and have reached end of life, with some having leaks. A modern membrane style roofing system with a 30-year life will be installed at these stations. Roof hatches and fascia boards will also be replaced as they have deteriorated due to weather and termite damage. In addition to the roof work, facility louvers and doors will also be replaced or installed to improve security and equipment reliability. The (20) existing louvered openings located throughout these five City of Huntington Beach Printed on 2/9/2022Page 1 of 2 powered by Legistar™74 File #:22-078 MEETING DATE:2/15/2022 stations are wooden, original, and have become a security concern. They will be replaced with steel louvers. Some of the (7) existing doors have also been damaged from break-ins, or are at end of life, and will be replaced with heavy gage metal doors. The Engineer’s Estimate for this project was $575,000. Bids for the Storm Water Pump Station Facility Improvements Project CC1657 were opened on December 2, 2021, and are listed in ascending order. Bidder Submitted Bid Corrected Bid 1 Zara Construction $508,474.05 $508,474.05 2 ERC Roofing $531,040.00 $531,040.00 3 Elegant Construction Inc.$558,750.04 $558,750.04 4 AME Builders Inc $619,506.00 $619,506.00 5 Corner Keystone Construction Corporation $637,773.70 $637,773.70 After the bids were opened the City received a bid protest from the second place bidder claiming that the apparent low bidder, Zara Construction, had not properly completed the bid bond form and was not qualified by the equipment supplier as required in the project specifications. After review, the validity of Zara Construction’s bid bond was not completely clear to the City as the bond was not signed by Zara, but was in fact signed and validated by the company’s surety. Additionally, the specifications listed certification from the material supplier as a requirement, but did not clearly state if this was required prior to submission of bids. Due to the uncertainty on these two issues, it is recommended by the City’s legal department to reject all bids and rebid the project with clarified specification requirements on these two items. Environmental Status: This project is categorically exempt pursuant to the California Environmental Quality Act, Section 15303.c. Strategic Plan Goal: Infrastructure & Parks Attachment(s): 1. Project Location Map City of Huntington Beach Printed on 2/9/2022Page 2 of 2 powered by Legistar™75 76 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-087 MEETING DATE:2/15/2022 REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO:Honorable Mayor and City Council Members SUBMITTED BY:Sean Joyce, Interim City Manager PREPARED BY:Ursula Luna-Reynosa, Director of Community Development Subject: Approve for introduction Ordinance No. 4234 approving Zoning Text Amendment (ZTA) No. 21- 006 establishing electric vehicle charging station sign standards Statement of Issue: The proposed Zoning Text Amendment (ZTA) would amend Chapter 233 (Signs) of the Huntington Beach Zoning and Subdivision Ordinance (HBZSO) to regulate signs on electric vehicle charging stations.On January 11, 2022, the Planning Commission held a public hearing to consider the proposed ZTA. The Planning Commission and staff recommend approval. Financial Impact: Not applicable. Recommended Action: PLANNING COMMISSION AND STAFF RECOMMENDATION : A) Find that Zoning Text Amendment No. 21-006 is categorically exempt pursuant to City Council Resolution No. 4501, Class 20, which supplements the California Environmental Quality Act (CEQA); and, B) Approve Zoning Text Amendment No. 21-006 with findings (Attachment No. 1) by approving for introduction City Council Ordinance No. 4234, “An Ordinance of the City of Huntington Beach Amending Chapter 233 of the Huntington Beach Zoning and Subdivision Ordinance Establishing Electric Vehicle Charging Station Sign Standards (Zoning Text Amendment No. 21-006)” (Attachment No. 2). Alternative Action(s): The City Council may make the following alternative motions: 1. Do not approve Zoning Text Amendment No. 21-006. City of Huntington Beach Printed on 2/9/2022Page 1 of 3 powered by Legistar™77 File #:22-087 MEETING DATE:2/15/2022 2. Continue Zoning Text Amendment No. 21-006 and direct staff accordingly. Analysis: A.PROJECT PROPOSAL: Applicant: City of Huntington Beach ZTA No. 21-006 is a request amend Chapter 233 (Signs) of the Huntington Beach Zoning and Subdivision Ordinance (HBZSO) to regulate signs on electric vehicle charging stations. B.BACKGROUND: Electric vehicles and electric vehicle charging stations have become more prevalent in the City in recent years. Building permit applications for publicly accessible electric vehicle charging stations are often proposed within parking lots at commercial shopping centers. Most of these charging stations are provided by independent contractors and provide charging services to the user for a fee. Some charging stations are operated at no cost to the user, especially when the installation is funded via grants. In other cases, when the electric charging services are provided for free to the driver, the independent contractor earns revenue by providing off-site advertising in LED message boards within the charging unit itself. The LED message boards typically face the public areas of the shopping center, allow the independent contractor to sell advertising, and subsequently provide the charging services at no cost. The advertising associated with these electric vehicle charging stations is in conflict with the provisions of the zoning code because off-premises signs, including billboards or advertising structures installed for the purpose of advertising a project, subject or business unrelated to the premises upon which the sign is located, are currently prohibited. On the other hand, signs manufactured as a standard, integral part of a mass-produced product accessory or display structure including vending machines, automated teller machines, and gasoline pumps are exempt from sign permit requirements. These types of product or display structure signs are not restricted by content and no fee, permit or application is required. C.PLANNING COMMISSION MEETING AND RECOMMENDATION: On January 11, 2022, the Planning Commission held a public hearing on the ZTA. There were no written public comments received for the public hearing. The Planning Commission had a general discussion about the proposed standards and whether it was appropriate to regulate the price that the operator can charge for the service being provided. The Planning Commission recommended approval of the request to the City Council. Planning Commission Action on January 11, 2022: A motion made by Rodriguez, seconded by Scandura, to recommend to the City Council approval of ZTA No. 21-006 carried by the following vote: City of Huntington Beach Printed on 2/9/2022Page 2 of 3 powered by Legistar™78 File #:22-087 MEETING DATE:2/15/2022 AYES: Adams, Rodriguez, Acosta-Galvan, Perkins, Mandic, Scandura, Ray NOES: None ABSTAIN: None ABSENT: None MOTION PASSED D.STAFF ANALYSIS: The January 11, 2022, Planning Commission staff report provides a more detailed description and analysis of the proposed ZTA (Attachment No. 4). In summary, staff and the Planning Commission recommend approval of the ZTA based on the following reasons: 1. It is consistent with general land use and environmental resources goals and policies of the General Plan. 2. The revenue derived from advertising allows the electric vehicle charge to be free to consumers. Environmental Status: ZTA No. 21-006 is categorically exempt pursuant to City Council Resolution No. 4501, Class 20, which supplements the California Environmental Quality Act, because minor amendments to zoning ordinances that do not change the development standards intensity or density, are exempt. Strategic Plan Goal: Economic Development & Housing Attachment(s): 1. Suggested Findings of Approval of ZTA No. 21-006 2. Ordinance No. 4234 3. ZTA No. 21-006 Legislative Draft and Revised HBZSO Section 233.14 4. January 11, 2022, Planning Commission Staff Report 5. Example Charging Station 6. PowerPoint Presentation City of Huntington Beach Printed on 2/9/2022Page 3 of 3 powered by Legistar™79 Attachment No. 1.1 ATTACHMENT NO. 1 FINDINGS OF APPROVAL ZONING TEXT AMENDMENT NO. 21-006 FINDINGS FOR PROJECTS EXEMPT FROM CEQA: Zoning Text Amendment (ZTA) No. 21-006 is categorically exempt pursuant to City Council Resolution No. 4501, Class 20, which supplements the California Environmental Quality Act because minor amendments to ordinances that do not change the development standards intensity or density, are exempt. ZTA 21-006 amends the signage standards for electric vehicle charging stations and does not change development intensity or density. FINDINGS FOR APPROVAL - ZONING TEXT AMENDMENT NO. 21-006: 1. Zoning Text Amendment No. 21-006 to amend Huntington Beach Zoning and Subdivision Ordinance (HBZSO) Section 233.08 to add signs on electric vehicle charging stations to the list of Readerboard signs is consistent with general land uses, programs, goals, and policies of the General Plan as follows: Land Use Element Goal LU-11 – Commercial land uses provide goods and services to meet regional and local needs. Policy LU-11 (A) – Encourage a variety of commercial uses that cater to local and regional demand to create an environment that meets the needs and increases the capture of sales tax revenues. Environmental Resources and Conservation Element Goal ERC-13 – Increase both distributed generation and utility renewable energy sources within municipal and community-wide practices. Policy ERR-13 (B) – Encourage renewable energy options that are affordable and benefit all community members. Circulation Element Goal CIRC-8 – Planning and infrastructure support electric and alternative fuel vehicles through power or fueling stations and other means. As electric vehicle production and ownership expands within the City, charging stations conveniently located within commercial shopping centers meets the needs of both visitors and residents alike. The revenue derived from the advertising allows the charge to be minimal or 80 Attachment No. 1.2 free to the electric vehicle owner. This encourages electric vehicle ownership, which helps reduce carbon emissions and is good for the environment. 2. Zoning Text Amendment No. 21-001 is compatible with the uses authorized in, and the standards prescribed for, the zoning district for which it is proposed because it does not propose any new land uses and only minimally revises development standards in the narrow category of signage. 3. A community need is demonstrated for the chan ge proposed because electric vehicles are gaining in popularity and the ZTA will allow providers to derive revenue from advertising and provide the charge at minimal or no cost to the electric vehicle owner. 4. Its adoption will be in conformity with public convenience, general welfare and good zoning practice because other readerboard type signs are allowed to have off-site advertising. In this case, the electric charge will be nominal or free to the public because the provider can derive revenue from the advertising sales. 81 82 83 84 85 86 87 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-024 MEETING DATE:1/11/2022 PLANNING COMMISSION STAFF REPORT TO:Planning Commission FROM:Ursula Luna-Reynosa, Director of Community Development BY:Jane James, Planning Manager SUBJECT: ZONING TEXT AMENDMENT NO. 21-006 (ELECTRIC VEHICLE CHARGING STATION SIGNS) - CONTINUED FROM AUGUST 10, 2021 REQUEST: To amend Chapter 233, Signs, of the Huntington Beach Zoning and Subdivision Ordinance to regulate signs on electric vehicle charging stations. LOCATION: Citywide APPLICANT: City of Huntington Beach PROPERTY OWNER: Various BUSINESS OWNER: Not applicable STATEMENT OF ISSUE: 1. Does the project satisfy all the findings required for a Zoning Text Amendment? 2. Has the appropriate level of environmental analysis been determined? RECOMMENDATION: That the Planning Commission take the following actions: A) Find that Zoning Text Amendment (ZTA) No. 21-006 is categorically exempt pursuant to City Council Resolution No. 4501, Class 20, which supplements the California Environmental Quality Act City of Huntington Beach Printed on 1/7/2022Page 1 of 8 powered by Legistar™88 File #:22-024 MEETING DATE:1/11/2022 (CEQA); and B) Recommend approval of Zoning Text Amendment No. 21-006 with findings (Attachment No. 1) by approving draft City Council Ordinance No. 4234 and forward to the City Council for consideration (Attachment No. 2). ALTERNATIVE ACTION(S): A) Do not recommend approval of Zoning Text Amendment No. 21-006 to the City Council; or B) Continue Zoning Text Amendment No. 21-006 and direct staff accordingly. PROJECT PROPOSAL: Background: Electric vehicles and electric vehicle charging stations have become more prevalent in the City in recent years. Building permit applications for publicly accessible electric vehicle charging stations are often proposed within parking lots at commercial shopping centers. Most of these charging stations are provided by independent contractors and provide charging services to the user for a fee. Some charging stations are operated at no cost to the user, especially when the installation is funded via grants. In other cases, when the electric charging services are provided for free to the driver, the independent contractor earns revenue by providing off-site advertising in LED message boards within the charging unit itself. The LED message boards typically face the public areas of the shopping center, allow the independent contractor to sell advertising, and subsequently provide the charging services at no cost. The advertising associated with these electric vehicle charging stations is in conflict with the provisions of the zoning code because off-premises signs, including billboards or advertising structures installed for the purpose of advertising a project, subject or business unrelated to the premises upon which the sign is located, are currently prohibited. On the other hand, signs manufactured as a standard, integral part of a mass-produced product accessory or display structure including vending machines, automated teller machines, and gasoline pumps are exempt from sign permit requirements. These types of product or display structure signs are not restricted by content and no fee, permit or application is required. On August 10, 2021, staff presented a suggested Zoning Text Amendment to add electric vehicle charging stations signs to the list of mass-produced product or display structures that are exempt from sign permit requirements. Previous Public Hearing: The Planning Commission held a public hearing to consider the request on August 10, 2021. There was no one who spoke during the meeting. The Planning Commission raised several concerns with the proposal to exempt the EV charging stations signs from permit requirements as they determined that EV charging station signs were not similar to gasoline dispensary signs. Instead, the Planning Commission expressed a desire to regulate and limit the size, lighting, sound, location, and number of the off-premise advertising signs. Staff evaluated the Planning Commission’s comments and is returning with a newly proposed sign ordinance to capture theCity of Huntington Beach Printed on 1/7/2022Page 2 of 8 powered by Legistar™89 File #:22-024 MEETING DATE:1/11/2022 Commission’s comments and is returning with a newly proposed sign ordinance to capture the Planning Commission’s concerns. Staff now recommends incorporating EV charging station signs into the already existing zoning code section for Readerboard Signs, which allow for off-premise advertising on an electronic screen in certain circumstances. ISSUES AND ANALYSIS: General Plan Conformance: The ZTA is consistent with the goals and policies of the General Plan as follows: Land Use Element Goal LU-11 - Commercial land uses provide goods and services to meet regional and local needs. Policy LU-11 (A)- Encourage a variety of commercial uses that cater to local and regional demand to create an environment that meets the needs and increases the capture of sales tax revenues. Environmental Resources and Conservation Element Goal ERC-13 - Increase both distributed generation and utility renewable energy sources within municipal and community-wide practices. Policy ERR-13 (B)- Encourage renewable energy options that are affordable and benefit all community members. Circulation Element Goal CIRC-8 - Planning and infrastructure support electric and alternative fuel vehicles through power or fueling stations and other means. As electric vehicle production and ownership expands within the City, charging stations conveniently located within commercial shopping centers meets the needs of both visitors and residents alike. The revenue derived from the advertising allows the charge to be free to the electric vehicle owner. This incentive encourages electric vehicle ownership, which helps reduce carbon emissions and is good for the environment. The Planning Commission raised reasonable sign pollution and related aesthetic concerns. Land use regulations often entail a critical analysis of tradeoffs between different policy objectives. The proposed modifications to the sign code do enable vehicle charging stations to include a mini- electronic billboard of sorts and conduct offsite advertising. Cities in general, and the City of Huntington Beach in particular, have not favored such sign clutter for multiple reasons. Reduction of greenhouse gases (GHG) has been an issue of statewide concern since 2005 when then-Governor Arnold Schwarzenegger signed Executive Order (EO) S-3-05, declaring that California is vulnerable to the impacts of climate change through reductions in the Sierra Nevada snowpack (a major source of water for the state), reduced air quality, and rising sea levels. EO S-3-05 also sets City of Huntington Beach Printed on 1/7/2022Page 3 of 8 powered by Legistar™90 File #:22-024 MEETING DATE:1/11/2022 major source of water for the state), reduced air quality, and rising sea levels. EO S-3-05 also sets the following GHG reduction goals for the state: • Reduce emissions to 2000 levels by 2010 • Reduce emissions to 1990 levels by 2020 • Reduce emissions to 80% below 1990 levels by 2050 Numerous assembly bills and senate bills aimed at identifying and reducing sources of GHG have subsequently become effective in California. In particular, vehicle emissions have been identified as a primary source of greenhouse gases. The figure below, from the recent General Plan update, illustrates Transportation, defined as on-road vehicle trips that begin and/or end in Huntington Beach, as the single largest contributor to GHG emissions in the city. As another example, the California Air Resources Board (CARB), in January 2012, approved the Advanced Clean Cars program, an emissions-control program for model years 2017 through 2025. The program combines the control of smog, soot, and GHGs with requirements for greater numbers of zero-emission vehicles. By 2025, when the rules will be fully implemented, the new automobiles will emit 34 percent fewer global warming gases and 75 percent fewer smog-forming emissions. The program also requires car manufacturers to offer for sale an increasing number of zero-emission vehicles each year, including battery electric, fuel cell, and plug-in hybrid electric vehicles. In December 2012, CARB adopted regulations allowing car manufacturers to comply with California's GHG emissions requirements for model years 2017-2025 through compliance with the EPA GHG requirements for those same model years (CARB 2012). City of Huntington Beach Printed on 1/7/2022Page 4 of 8 powered by Legistar™91 File #:22-024 MEETING DATE:1/11/2022 With the advent of these and other bills, electric vehicles and the need for charging stations throughout the City will become more prevalent. Encouraging electric vehicles by making ownership more affordable will further assist in reduction of GHG. Expansion of the charging station network in turn can make vehicle ownership more convenient, practical, and affordable. In this particular case, due to the State’s objectives and other General Plan objectives achieved (see above list) by allowing these electronic signs for offsite advertising, the tradeoffs are worthy of Planning Commission consideration. Zoning Compliance: The signs associated with electric vehicle charging stations are typically reader board type signs and include a revolving message/advertising display. They are usually proposed in commercial center parking lots and the LED signs are visible to users of the property such as e-vehicle owners charging their vehicle and other visitors and pedestrians at the shopping center (see example in Attachment No. 4). By including such signs in the list of Readerboard Signs, the electric vehicle charging station operator can sell advertising and then provide the charge free or with a nominal fee to customers. ZTA 21-006 includes the following amendments, in bold underlined blue typeface, to HBZSO Section 233.14 Readerboard Signs-Multiple Users: 233.14 Readerboard Signs-Multiple Users Off-site electronic readerboard signs may be permitted subject to review by the Design Review Board and approval of a conditional use permit by the Zoning Administrator.Off-site electronic readerboards as part of an electric vehicle charging station may be permitted subject to building permit and compliance with criteria in 233.14 F.Approval of all other electronic readerboard signs shall be subject to the following criteria A. through E.: A.Required Findings. Prior to approving a conditional use permit to allow a multiple user electronic readerboard sign, the Zoning Administrator shall make the following findings: 1. The proposed electronic readerboard sign conforms with the standards and criteria as set forth in the Huntington Beach Zoning and Subdivision Ordinance; 2. The proposed electronic readerboard sign will not adversely impact traffic circulation in adjacent right-of-way or create a hazard to vehicle or pedestrian traffic. B.Multiple User Readerboard Sign Criteria. 1. Multiple user electronic readerboard signs may be located at a site which is not the location of any of the parties using the sign for advertising. 2. Multiple user electronic readerboard shall be freestanding. 3. The maximum sign area shall be 1,200 square feet. 4. The maximum height of a multiple user readerboard sign shall be 85 feet. 5. The multiple user readerboard shall have cylinders or directional incandescent lamps and have a shade screen or louver system, a shade screen and a photocell for reducing the intensity of lighting at night. C.Lighting Standards. 1. The maximum night time light intensity and illuminance shall conform to the following: City of Huntington Beach Printed on 1/7/2022Page 5 of 8 powered by Legistar™92 File #:22-024 MEETING DATE:1/11/2022 Maximum Night Time Intensity Height from Ground (in feet)5 10 20 30 50 70 85 Max. Intensity (x 1,000 lumens) 125 130 145 170 250 370 490 Maximum Night Time Illuminance Land Use at Receptor Site Residential Commercial Other Max. Illuminance (foot- candles) 0.3 2.0 1.0 The maximum night time illuminance shall be measured at the receptor site, at ground level, by a direct reading, portable light meter. Measurements shall not be made within one hour after sunset or before sunrise. 2. Illuminance shall be determined by the difference between a reading taken with the sign on and another reading taken within three minutes with the sign off. 3. An illuminance chart shall be prepared by a licensed engineer and submitted to the Director for approval prior to installation. Conformance with this section shall be verified by actual measurements made, as specified herein, after installation. The method of measurement and results shall be subject to approval of the Director. D.Location Requirements. 1. A multiple user readerboard shall be located no farther than 200 feet from a freeway. 2. The minimum distance between multiple user readerboards shall be 1,000 feet. 3. The sign shall be a minimum distance of 600 feet from residential properties. E.Other Standards. 1. No off-site electronic readerboard will be permitted except for multiple users. 2. At least 20% of the message time, or any percentage deemed necessary by the City for emergency conditions shall be used for public service announcements. 3. Messages in a multiple user sign shall be no faster than one message every four seconds and the minimum interval between messages shall be at least one second. 4. Light intensity changes (other than between day and night uses) are not permitted. F. Electronic Vehicle Charging Station Sign (EVCSS) Standards. 1. The EVCSS shall have a maximum of two (2) sides and a maximum of nine (9) square feet of signage on each side. The maximum height of an EVCSS is five (5) feet and shall be designed with a solid monument type base and integrated into the EV charging station. 2. All EVCSS shall be located at the head of each parking stall and oriented toward the single vehicle user and/or adjacent sidewalk. The EVCSS shall maintain a minimum 10 feet by 10 feet visibility triangle at the foot of each parking stall. The City of Huntington Beach Printed on 1/7/2022Page 6 of 8 powered by Legistar™93 File #:22-024 MEETING DATE:1/11/2022 EVCSS shall not encroach into the required parking stall dimensions. If located within a landscaped area, any required landscaping shall be replaced. 3. Only static or still pictures and images are permitted on the EVCSS; moving video type images are not permitted. 4. No audio or sound components are permitted on the EVCSS. 5. The EVCSS shall be located a minimum of 150 feet from any residential property line or residential use. 6. The EVCSS screen shall dim by at least 50% between 8:00 pm and 8:00 am. 7. There shall be a maximum of two (2) EVCSS for every 100 parking stalls on the property. 8. An EVCSS with Level 1 (approximately 120 volt outlet) and Level 2 Chargers (approximately 240 volt outlet) shall be provided free of charge to the public consumer; Level 3 Direct Current Fast Chargers (approximate range in output from 50 kW to 350 kW) may include a fee to the consumer. 9. Each EVCSS shall comply with 233.14 C. Lighting Standards. 10. Each EVCSS shall comply with 233.14 E. Other Standards. 11. Electric vehicle charging stations, which include readerboard signage granted under this section, shall be in operational working condition at all times and, at a minimum, available for use during regular business hours. When an electric vehicle charging station is not operational for 14 consecutive days, it shall be considered to have been removed from service. If removed from service, the EVCSS shall be removed from the site and the parking spaces shall be returned to their original condition within 30 days. Presently, signs included on EV charging stations are not addressed in the HBZSO and therefore are prohibited. Establishing the above regulations as part of the readerboard sign section of the code provides parameters for size, location, height, and frequency of messaging while allowing for off-site advertising to occur. The proposed revisions to Chapter 233, Signs, are responsive to the Planning Commission’s comments at the August 10, 2021 public hearing. Urban Design Guidelines Conformance: Not applicable Environmental Status: ZTA No. 21-006 is categorically exempt pursuant to City Council Resolution No. 4501, Class 20, which supplements the California Environmental Quality Act, because minor amendments to zoning ordinances that do not change the development standards intensity or density, are exempt. Coastal Status: If approved, this ZTA will require approval of a Local Coastal Program Amendment by the California Coastal Commission to incorporate the new provisions in the Coastal Zone. Design Review Board: No applicable City of Huntington Beach Printed on 1/7/2022Page 7 of 8 powered by Legistar™94 File #:22-024 MEETING DATE:1/11/2022 Other Departments Concerns and Requirements: No applicable Public Notification: Legal notice was published in the Huntington Beach Wave on December 30, 2021 and notices were sent to individuals and organizations requesting notification. As of January 5, 2022, no communications regarding the request have been received. Application Processing Dates: DATE OF COMPLETE APPLICATION:MANDATORY PROCESSING DATE(S): Not applicable Not applicable SUMMARY: Staff recommends approval of ZTA No. 21-006 based on the following: 1. It is consistent with general land use and environmental resources goals and policies of the General Plan. 2. The revenue derived from advertising allows the electric vehicle charge to be free to consumers. ATTACHMENTS: 1.ZTA No. 21-006 Suggested Findings for Approval 2. Draft City Council Ordinance No. XXXX 3. ZTA No. 21-006 Legislative Draft and Revised HBZSO Section 233.14 4.Example Charging Station City of Huntington Beach Printed on 1/7/2022Page 8 of 8 powered by Legistar™95 ZONING TEXT AMENDMENT NO. 21-006 CHARGING STATION EXAMPLES 96 ZONING TEXT AMENDMENT 21-006 Electric Vehicle Charging Station Signs FEB.15, 2022 97 BACKGROUND EVs and EV charging stations more prevalent in recent years Proposed in commercial centers by independent contractors LED message boards with off-site advertising Advertising revenue = no cost to charge Conflicts with current ZSO ZTA intended to establish regulations 98 REQUEST Add to Readerboard ZSO Section 233.14 Allows off-site advertising similar to other readerboards Max. 9 sq ft Max. 5 ft high Locate towards head of each stall No audio or video Min. 150 ft from residential Max 2 signs for every 100 parking stalls Level 1 and 2 free; Level 3 super charger may include fee No faster than 1 message/4 seconds; 1 second pause between messages 99 ANALYSIS EV charging stations not in existence when current code considered EV charging stations with advertising now more common ZTA establishes parameters for size, location, height, and frequency of messaging 100 ANALYSIS AND RECOMMENDATION General Plan Goals and Policies LU and ERC Charging stations meet needs of visitors and residents Advertising revenue allows charging at minimal or no cost Encourages EV ownership; reduces tailpipe emissions and GHG No public comments received 101 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-107 MEETING DATE:2/15/2022 REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO:Honorable Mayor and City Council Members SUBMITTED BY:Sean Joyce, Interim City Manager PREPARED BY:Dahle Bulosan, Chief Financial Officer Subject: Year-End Audit Results for the FY 2020/21 Annual Comprehensive Financial Report (ACFR) and FY 2021/22 Mid-Year Budget Adjustments Statement of Issue: Fiscal Year F2020/21 Year-End Audit Results The City received an Unmodified (Clean) Audit Opinion for the City’s Fiscal Year (FY) 2020/21 Annual Comprehensive Financial Report (ACFR), which is the best audit result available. In addition, the Government Finance Officers Association awarded their Certificate of Achievement for Excellence in Financial Reporting to the City for the 35th consecutive year. Included as an attachment is the FY 2020/21 ACFR to receive and file. Fiscal Year 2021/22 Mid-Year Adjustments The Finance Department has also performed a mid-year budget review for the fiscal year that began on July 1, 2021. In interfacing with operating departments, budgetary requests have been assessed across all City departments, and certain adjustments are being recommended based on available resources through grants and/or restricted funds. Financial Impact: Fiscal Year 2021/22 Mid-Year Adjustments 1. General Fund (100) budget adjustments are requested as follows: a. Administrative Services Department - funding for increased pre-employment medical exams, labor and employee relations consulting services, and a performance evaluation system ($120,000) b. City Manager - funding for executive recruitments, City Charter review, and Project Zero/Healing Center ($120,000) c. Community Development Department - funding for increased plan check services ($150,000); inspection services ($140,000); and sales tax sharing ($500,000) offset with plan check and inspection permit revenues and sales tax revenues for a net zero impact. d. Finance Department - funding for parking citation processing ($100,000) offset with parking citation revenues for a net zero impact. e. Fire Department - funding for Fire Strike team reimbursement costs ($1,700,000) offset City of Huntington Beach Printed on 2/9/2022Page 1 of 7 powered by Legistar™102 File #:22-107 MEETING DATE:2/15/2022 e. Fire Department - funding for Fire Strike team reimbursement costs ($1,700,000) offset with strike team reimbursement revenues for a net zero impact; Emergency Transport deployment ($381,284) offset with emergency medical services revenue for a net zero impact; and funding for physical exams for suppression staff ($47,300) f. Police Department - funding for temporary retired annuitant employees ($300,000) g. Public Works Department - funding for increased janitorial and maintenance contracts ($235,000) h. Non-Departmental - funding for COVID related expenditures disallowed for FEMA reimbursement ($1,000,000) and Be Well OC (Mind OC) Mobile Crisis Response Program contract costs ($300,000) 2. The Public Works Department is requesting additional appropriations totaling $583,000, through the following sources: a. Residential Park Development Impact Fund 228 ($150,000) b. Refuse Collection Fund 504 ($195,000) offset with refuse collection revenue for a net zero impact c. Energy Efficiency Fund 807 ($238,000) 3. The Non-Departmental Department is requesting appropriations of $2,000,000 and additional amounts as needed, in the Emergency Operations Center Fund 238 for continued COVID related expenditures offset with FEMA reimbursement revenue for a net zero impact 4. The Community Development Department is requesting an additional appropriation of $30,000 in the In-Lieu Parking Improvements Fund 308 5. The Community Development Department is requesting approval to amend a professional services contract with the National Development Council (NDC) and corresponding increase in Professional Services Authority of $125,100 6. The Non-Departmental Department is requesting approval to amend a professional services contract with Mind OC for mobile crisis response service and corresponding increase in Professional Services Authority of $1,500,000 Details related to the proposed adjustments are outlined in the report below. Further, there are sufficient revenues, cash, and / or fund balances to support the above referenced adjustments. Recommended Action: A) Receive and File the FY 2020/21 Annual Comprehensive Financial Report and other auditor issued reports; and, B) Approve mid-year budget adjustments to the FY 2021/22 Revised Budget in the funds and by the amounts contained in Attachment 3; and, C) Authorize additional Professional Services authority in the Fiscal Year 2021/22 Revised Budget in the departments and by the amounts contained in Attachment 4; and, City of Huntington Beach Printed on 2/9/2022Page 2 of 7 powered by Legistar™103 File #:22-107 MEETING DATE:2/15/2022 D) Approve and authorize the Mayor and City Clerk to execute “Amendment No. 2 to Agreement between the City of Huntington Beach and National Council for Community Development (NDC) for Technical Assistance Services” (Attachment 5); and, E) Approve and authorize the Mayor and City Clerk to execute “Amendment No. 1 to Agreement between the City of Huntington Beach and Mind OC for Pilot Mobile Crisis Response Program” (Attachment 6). Alternative Action(s): Do not approve the recommended action(s) and direct staff accordingly. Analysis: Year-End Audit Results Auditing firm Davis Farr LLP (Auditors) audited the City’s financial statements and internal control for the FY 2020/21. The City received an Unmodified (Clean) Audit Opinion for the FY 2020/21 Annual Comprehensive Financial Report (ACFR), which is the highest opinion possible (Attachment 1). In addition, the Auditors issued the following reports (Attachment 2): ·AU-C 260 Letter: Auditor’s Communications with Those Charged with Governance ·Appropriations Limit Agreed-Upon Procedures ·Air Quality Management District (AQMD) Report Fiscal Year 2021/22 Mid-Year Adjustments The FY 2021/22 Budget was adopted by the City Council on June 1, 2021, for the fiscal year beginning July 1, 2021. The Finance Department has compiled recommended budget adjustments to cover additional costs and/or provide appropriations necessary to expend funds that have been received for specific purposes. The City has received revenues or has set-aside prior year fund balances that will support the requested adjustments in the General Fund. The Other Funds adjustments will be funded by available revenue or fund balances within each distinct Fund. GENERAL FUND (FUND 100) The Administrative Services Department is requesting appropriations for increased pre-employment physicals, labor and employee relations consulting services, and a performance evaluation system ($120,000). The City Manager’s Office requests a $120,000 budget increase for professional services to cover unanticipated contract costs related to 1) executive recruitment efforts for both Police Chief and City Manager, 2) Charter Review Committee consultant, and 3) Citywide homeless census and planning costs for the City’s Project Zero/Healing Center. These projects are aligned with the City Council’s strategic plan. The City received higher than anticipated requests for development services from multiple large projects. The Community Development Department is requesting to increase its professional City of Huntington Beach Printed on 2/9/2022Page 3 of 7 powered by Legistar™104 File #:22-107 MEETING DATE:2/15/2022 services appropriation for plan check services by $150,000 and building inspections by $140,000 to cover these pass-thru costs, which have been offset by the fee revenue and result in a net neutral impact to the General Fund. Auto dealerships have done better than anticipated due to the vehicle shortage and higher sale prices per vehicle. Fuel costs have also been increasing, driving up sales tax revenues related to fuel purchases. As a result of higher than projected sales tax revenues in these areas, the portion of City sales tax sharing expenditures is also higher due to City sales tax sharing agreements with Pinnacle Petroleum, Jeep and McKenna. The Community Development Department is requesting an appropriation of $500,000 to cover the additional costs related to these sales tax sharing agreements. The Community Development Department is also requesting to amend a professional services agreement for consulting services with the National Development Council. The agreement will be increased by $125,100 for a total of $225,000 and a not to exceed $75,000 per contract year for the remainder of the three-year term. Available funds are budgeted this fiscal year and no budget appropriation increase is needed. The Finance Department is requesting an appropriation of $100,000 to cover increased expenditures for parking citation processing. The City has received increased parking fines and fees, resulting in a net neutral impact to the General Fund. The Fire Department participates in the California Fire and Rescue Emergency Mutual Aid System, and the department has responded to multiple mutual aid requests to assist in major fires over the past years. The State of California will fully reimburse Huntington Beach for all allowable Strike Team expenditures and will reimburse an additional 16.78% administrative rate applied to these allowable expenditures. The CAL FIRE 2022 Fire Season Outlook states that while wildfires are a natural part of California’s landscape, the fire season in California and across the West is starting earlier and ending later each year. The Fire Department has incurred $1,309,351 in Strike Team expenditures for FY 21/22 so far, which is approximately 18.5% (or $204,351) higher than this time last fiscal year. Since there is no annual appropriation for this business unit, given that Strike Team costs are unknown until costs are incurred, the Fire Department is requesting a budget appropriation of $1,700,000. This FY 21/22 Mid-Year appropriation request is approximately 12.5% (or $189,059) higher than the actual amount paid by the State of California for last fiscal year. To meet the operational demands of increased medical calls and extended wait times at overcrowded hospitals, especially during the current COVID surge, the Fire Department is requesting a budget appropriation to fund a fifth 24-hour ambulance, third 14-hour day-time ambulance, and extended hours to the existing day-time ambulances deployed in FY 2021/22. The Fire Department is requesting to increase the budget appropriation by $381,284 to account for this deployment through the end of FY 2021/22. Additional emergency medical service revenues are anticipated to offset the added costs. The Fire Department's Organizational Manual Policy D-4 states sworn personnel are required to City of Huntington Beach Printed on 2/9/2022Page 4 of 7 powered by Legistar™105 File #:22-107 MEETING DATE:2/15/2022 undergo a medical examination at least once in any three year period following date of employment. Currently, the department is able to send 21 safety personnel for physical medical exams. The Fire Department is requesting to increase the budget appropriation by $47,300, which would allow an additional 43 personnel to have a physical medical exam by the end of FY 2021/22. The Police Department is requesting an appropriation of $300,000 for temporary salaries, as the Department continues to utilize part-time retired annuitant employees to maintain gaps in staffing resulting from the Separation Incentive Program. For example, pilot police officers hired back as retired annuitant employees have been working on a near full time basis to ensure proper staffing levels in the Air Support Division and to train new pilots. Additionally, the Department increased work hours of the part time homeless task force case managers to assist with the implementation of the Be Well project. The Public Works Department is requesting appropriations of $235,000 for contractual maintenance expenses that increased as a result of new contract bids issued after the FY 2021-22 budget submission. The additional expenses are due to prevailing wage requirements and general labor increases; fuel increases; shifting duties from part-time temporary staff to contract services; and additional scope of work to meet community standards. Staff is requesting appropriations of $1,000,000 in the Non-Departmental Department to provide funding for COVID related expenditures that will potentially be denied for FEMA reimbursement. The City has taken an aggressive approach in charging COVID related costs to the Emergency Operations Center Fund 238 in order to ensure the City receives the greatest amount of reimbursement. Examples of disallowed costs include public safety straight time, medical and other benefit costs, Zoom subscription costs, and increased operating costs for non-essential services such as community classes and the junior lifeguard program. Since its successful launch in August 2021,Be Well OC in Huntington Beach, the City’s pilot mobile crisis response program has become a critical resource to address a variety of non-emergency crisis situations including but not limited to mental health, addiction, family disputes, and homelessness. Be Well’s trained crisis counselors have responded to over 730 calls in the past five months, and the number of service requests continue to increase every month. Due to Be Well’s ability to successfully assist community members experiencing crises, staff recommends extending this pilot program for an additional 14 months from April 21, 2022 to June 30, 2023 and increasing the contract by $1.5 million. Furthermore, for year 1 of the contract ending April 20, 2022, the City planned to use Permanent Local Housing Allocation funds from the State to cover eligible Be Well expenses including calls for service related to homelessness (60-65% of total calls). At-home visits were ineligible to be funded by previously identified federal funding sources. As such, the City requests General Fund budget appropriation in amount of $300,000 for the first year’s contract. OTHER FUNDS Park Development Impact - Residential (Fund 228) City of Huntington Beach Printed on 2/9/2022Page 5 of 7 powered by Legistar™106 File #:22-107 MEETING DATE:2/15/2022 An additional appropriation of $150,000 is needed in the Park Development Impact - Residential Fund to backfill a vacant Contract Administrator position. This position is critical to provide continuity with the large volume of park related projects currently underway. Emergency Operations Center (Fund 238) This fund accounts for citywide COVID related expenditures reimbursable by FEMA. An additional appropriation of $2,000,000 is requested to continue charging eligible COVID related expenditures which will be submitted to FEMA for reimbursement. Refuse Collection Service (Fund 504) The residential curbside collection rate increased by $0.81 effective July 1, 2021, based on the formula adopted in Resolution 2021-05, and is estimated to provide an additional $464,000 in revenues. Part of this increase was included in the FY 2021/22 Adopted Budget. However, due to higher than anticipated inflation and increased fuel costs, the Public Works Department is requesting an expenditure appropriation of $195,000 to fund the additional pass-thru costs associated with the Refuse Collection and Disposal Services contract. Based on current revenue collection amounts, these adjustments will have a net neutral impact. In-Lieu Parking Improvements (Fund 308) An appropriation of $30,000 is needed for a Parking Structure Audit and Operational Assessment of the 5th and PCH parking structure for review of the operating revenues and expenses and Operating Agreement. There is sufficient fund balance in this fund to cover the appropriation. Energy Efficiency (Fund 807) The Public Works Department is requesting an appropriation of $238,000 in the Energy Efficiency Fund. An appropriation of $18,000 is needed for ongoing payments related to the Civic Center storage system and software, which provides battery storage and energy management for the solar panel system. Additionally, the City has applied for funding via the Southern California Edison (SCE) Charge Ready 2 (CR2) grant program to provide Electric Vehicle (EV) charging infrastructure for the city's EV fleet at the Police Department, Civic Center, Utilities Yard and Corporation Yard. In the CR2 program, SCE provides all of the necessary labor and material to install underground infrastructure for EV charging, from SCE vault to City stub out. The City is responsible for furnishing and installing the charging port hardware to complete each station, for a cost of $220,000. This request will fund 25 dual port charging stations - 50 total charging ports. Environmental Status: Not applicable. Strategic Plan Goal: Community Engagement Homelessness Response Economic Development & Housing Infrastructure and Parks COVID-19 Response City of Huntington Beach Printed on 2/9/2022Page 6 of 7 powered by Legistar™107 File #:22-107 MEETING DATE:2/15/2022 Attachment(s): 1. FY 2020/21 Annual Comprehensive Financial Report (ACFR) 2. Other Auditor Issued Reports 3. Fiscal Year 2021/22 Recommended Mid-Year Adjustments 4. Fiscal Year 2021/22 Recommended Mid-Year Professional Services Authority 5. Amendment No. 2 to Agreement between the City of Huntington Beach and National Council for Community Development (NDC) for Technical Assistance Services 6. Amendment No. 1 to Agreement between the City of Huntington Beach and Mind OC for Pilot Mobile Crisis Response Program City of Huntington Beach Printed on 2/9/2022Page 7 of 7 powered by Legistar™108 CITY OF HUNTINGTON BEACH For The Fiscal Year Ended June 30, 2021 California Annual Comprehensive Financial Report 109 CITY OF HUNTINGTON BEACH, CALIFORNIA ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR THE YEAR ENDED JUNE 30, 2021 Prepared by the Finance Department 110 THIS PAGE INTENTIONALLY LEFT BLANK 111 INTRODUCTORY SECTION 112 THIS PAGE INTENTIONALLY LEFT BLANK 113 i City of Huntington Beach Annual Comprehensive Financial Report For the Year Ended June 30, 2021 TABLE OF CONTENTS INTRODUCTORY SECTION Table of Contents ........................................................................................................................................... i-ii Letter of Transmittal ....................................................................................................................................... iii-xi City Officials ................................................................................................................................................... xii Organizational Chart ...................................................................................................................................... xiii Certificate of Achievement in Excellence in Financial Reporting .................................................................. xiv FINANCIAL SECTION Independent Auditor’s Report ........................................................................................................................ 1-3 Management’s Discussion and Analysis (Required Supplementary Information) ........................................ 4-21 Basic Financial Statements: Government-wide Financial Statements: Statement of Net Position ..................................................................................................................... 25 Statement of Activities .......................................................................................................................... 26 Fund Financial Statements: Balance Sheet – Governmental Funds ................................................................................................ 27 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ......... 28 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds ...... 29 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities ......................................................................... 30 Statement of Net Position – Proprietary Funds .................................................................................... 31 Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds............. 32 Statement of Cash Flows – Proprietary Funds..................................................................................... 33 Statement of Fiduciary Fund Net Position – Fiduciary Funds .............................................................. 34 Statement of Changes in Fiduciary Fund Net Position – Fiduciary Funds .......................................... 34 Notes to Financial Statements ................................................................................................................. 36-123 Required Supplemental Information: Notes to Required Supplementary Information .................................................................................... 126 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget And Actual – General Fund ............................................................................................................... 127 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget And Actual – Grants Special Revenue Fund ..................................................................................... 128 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget And Actual – LMIHAF Capital Projects Fund .................................................................................... 129 Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget And Actual – Pension Liability Debt Service Fund ............................................................................ 129 Schedule of Changes in the Net Pension Liability and Related Ratios ............................................... 130-132 Schedule of Changes in the Net OPEB Liability and Related Ratios .................................................. 133 Schedule of Contributions..................................................................................................................... 134-136 Schedule of Money Market Weighted Rate of Return .......................................................................... 136 Schedule of Contributions for the OPEB Plan ...................................................................................... 137 114 ii FINANCIAL SECTION (Continued) Supplementary Information: Combining and Individual Fund Statements and Schedules: Combining Balance Sheet – Other Governmental Funds .................................................................... 141-144 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Other Governmental Funds ............................................................................................................... 145-148 Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – Other Governmental Funds ............................................................................. 149-155 Statement of Net Position – Internal Service Funds ............................................................................ 160 Statement of Revenues, Expenses, and Changes in Fund Net Position Internal Service Funds ..................................................................................................................... 161 Statement of Cash Flows – Internal Service Funds ............................................................................. 162 Combining Statement of Fiduciary Fund Assets and Liabilities ........................................................... 166 Combining Statement of Changes in Fiduciary Net Position ............................................................... 166 STATISTICAL SECTION Net Position by Component – Last Ten Fiscal Years .................................................................................... 169-170 Changes in Net Position – Last Ten Fiscal Years ......................................................................................... 171-172 Fund Balances – Governmental Funds – Last Ten Fiscal Years .................................................................. 173 Changes in Fund Balances – Governmental Funds – Last Ten Fiscal Years .............................................. 175-176 Assessed and Actual Valuation of All Taxable Property (Excluding Redevelopment Agency) - Last Ten Fiscal Years ................................................................................................................................. 177 Property Tax Rates – All Direct and Overlapping Government Tax Rate 04-001 Largest Area in City – Last Ten Fiscal Years ............................................................................................. 177 Property Tax Levies and Collections – Last Ten Fiscal Years ...................................................................... 178 Top Ten Property Tax Payers – Current Year and Nine Years Ago ............................................................. 179 Ratios of Outstanding Debt by Type – Last Ten Fiscal Years ....................................................................... 181-182 Legal Debt Margin – Last Ten Fiscal Years................................................................................................... 183 Statement of Direct and Overlapping Bonded Debt ...................................................................................... 184 Principal Private Employers – Current Year and Nine Years Ago ................................................................ 185 Full-Time Actual and Budgeted City Employees by Function/Program– Last Ten Fiscal Years .................. 186 Operating Indicators by Function/Activity – Last Ten Fiscal Years ............................................................... 187-188 Capital Assets Statistics by Function/Activity ................................................................................................ 189 115 iii CITY OF HUNTINGTON BEACH December 16, 2021 Honorable Mayor, City Council and Citizens of the City of Huntington Beach: In accordance with the requirements of the City Charter, and the City of Huntington Beach’s ongoing commitment to transparent financial reporting, I am pleased to present the Annual Comprehensive Financial Report (ACFR) for the year ended June 30, 2021. As required by the City Charter, and to ensure the reliability of the information contained herein, the City of Huntington Beach (the City) contracted with the independent auditing firm of Davis Farr LLP. The goal of the audit was to provide reasonable assurance that the City’s financial statements are free from material misstatement. In addition, Davis Farr LLP audits the City’s major program expenditures of federal grants for compliance with Title 2 of the United States Code of Federal Regulations Part 200 (Uniform Guidance). The report of the Single Audit is published separately from this ACFR and may be obtained upon request from the City’s Finance Department. This report consists of management’s representations concerning the City’s finances. As such, management assumes full responsibility for the completeness and accuracy of the information presented in this document and that it is reported in a manner that fairly presents the financial position and operations of the various funds of the City. To provide a reasonable basis for making these representations, and assurance that the financial statements will be free from material misstatement, management has established a comprehensive internal control framework that is designed to both protect the government’s assets from theft, loss, or misuse and to compile sufficient reliable information for financial statement conformity with GAAP. As the cost of internal controls should not outweigh their benefits, the City’s comprehensive framework of internal controls has been designed to provide reasonable assurance rather than absolute assurance that the financial statements will be free from material misstatement. We are pleased to report that Davis Farr LLP granted the City an unmodified (clean) opinion for the financial statements of the City for the year ended June 30, 2021. The auditor’s opinion can be found in the Financial Section of this report. GAAP requires that management provide a narrative introduction, overview and analysis to accompany the financial statements in the form of a Management Discussion and Analysis (MD&A). This transmittal letter is designed to complement and should be read in conjunction with it. The MD&A can be found immediately following the independent auditor’s report. 116 iv Profile of the City of Huntington Beach The City of Huntington Beach is home to a thriving beach community, located on the Orange County coast, 35 miles south of Los Angeles and 90 miles north of San Diego. With a population of 198,039 residents, it is known as Surf City due to its abundance of beaches; the year-round sunny and warm Mediterranean climate; and its casual lifestyle. With over 10 miles of coastline and iconic pier spanning 1,856 foot in length- the longest pier on the West Coast- Huntington Beach plays host to over 16 million visitors annually. As the fourth largest city in Orange County, and the 23rd largest in California by population, Huntington Beach is recognized as a prime location to live, work and play, ranking #1 in the nation for “Quality of City Services” and #18 for “Best-Run City in America Poll” by WalletHub (June 2020) and one of the top three “Best Cities to Live In” by the Orange County Register for the past five consecutive years. Huntington Beach was also ranked the 33rd Happiest City in America by WalletHub (March 2021). The City boasts an annual median household income of $91,318, 51 percent higher than the median household income for the United States, 28 percent higher than the State of California and 6 percent higher than Orange County. In addition, more than half of its residents, or 53 percent, have a college education. There are over 105,600 people employed by public and private entities in Huntington Beach. Founded in the late 1880s, Huntington Beach was incorporated as a Charter City in 1909. Huntington Beach has a Council/Manager form of government wherein seven City Council members are elected to four-year terms, and the Mayor is filled on a rotating basis from the incumbent Council Members. The City Attorney, City Clerk and City Treasurer positions are also elected and serve four-year terms. The City of Huntington Beach is a full-service city including police, fire, public works, and other key functional departments with a dedicated and talented team of over 900 full-time equivalent employees. In 2011, the unincorporated oceanfront community of Sunset Beach was officially annexed by the City of Huntington Beach. Sunset Beach is a small beachfront community with approximately 1,000 residents and 1.5 square miles of land. Beachfront properties with high property values make this community a valuable addition to the City. Sunset Beach features one of the widest and most pristine beaches in Southern California and is home to the historic Sunset Beach Arts Festival. A thriving beach community, Huntington Beach is home to numerous events, including the Great Pacific Airshow – the only beachfront airshow on the West Coast featuring the U.S. Navy Blue Angels, U.S. Marine Corps MV-22 Osprey Demo Team, U.S. Army Golden Knights, and many others. This unique airshow, which first premiered in October 2016, has gained tremendous popularity and attracts visitors from all over the world to view the two-day event. The City’s century-old traditional Fourth of July Fireworks Show and Parade, known nationally as “the largest Fourth of July Parade west of the Mississippi,” which was adapted in 2020 to comply with State and County Shelter-in-Place orders, returned in 2021. In addition to the traditional parade, 5K run, and Pier Plaza festival, the three-day event also included an all-new Amusements Area, featuring a 75-foot tall ferris wheel, 90-foot Monster Slide, traditional carnival games, and other family-friendly activities. 117 v The City also hosts a variety of other exciting events for families and visitors such as the annual Concours d’Elegance, Cherry Blossom Festival, Civil War Days, and other events. In November 2021, the City unveiled a new ice rink in Pier Plaza, kicking off its inaugural Winter Wonderland event. Surf City Winter Wonderland will transform downtown Huntington Beach into a holiday destination by providing various winter activities, such as ice-skating, live entertainment, festive programming, and more. Economic Condition and Outlook As the economy continues to recover from the impacts of the COVID-19 pandemic and public health guidelines become less restrictive, revenue sources such as Sales Tax and Transient Occupancy Tax are anticipated to increase considerably in coming fiscal years. In addition, low interest rates, recovering unemployment rates, rising consumer confidence, and recovery in the hospitality and travel industries are expected to improve Huntington Beach’s economy; however, continuing volatility in the financial and equity markets, along with the rapidly changing economic picture and the length and continuing scope of the COVID-19 pandemic, adds a layer of uncertainty to the City’s financial projections. The City of Huntington Beach continues to thrive together through the motto “OneHB,” which reflects the City’s commitment to facing the unprecedented challenges created by the COVID- 19 pandemic guided by the following principles:  To stay committed to being One Team: working together to serve the people of Huntington Beach exceptionally to inspire pride in the community.  Work to have One Focus: to stay fanatical about achieving municipal excellence by being active caretakers of our unique, people‐centric HB culture.  Continue to pursue One Goal: to ensure that HB continually improves its standing as a premier coastal community as measured through the health of our people, our organization, our infrastructure, and our community. Property Tax The City of Huntington Beach’s assessed valuations are very strong, reflecting both new development and increased property values. The City’s Fiscal Year 2021/22 assessed property value grew 2.6 percent to $47.3 billion. This solid performance, coupled with steady year-over- year growth, reflects a stable property tax base that can weather steep declines in real estate markets. Over 60 percent of parcels have an assessed valuation (AV) base year prior to 2004, representing a significant amount of untapped AV. For Fiscal Year 2020/21, secured property tax revenue collections totaled $61.1 million. For Fiscal Year 2021/22, secured property taxes are estimated at $62.6 million, reflecting a 2.5 percent increase. 118 vi Sales Tax Huntington Beach’s business community is well-diversified with no single industry or business dominating the local economy. Local businesses include aerospace and high technology, petroleum, manufacturing, computer hardware and software, financial and business services, hotel and tourism, automobile services, large-scale retailers, and surf apparel. The City’s diverse sales tax base makes it a stable source of revenue and mitigates the impact of industry- specific downturns as shown below. 119 vii *Fiscal Year 2017/18 reflects nine months of data only due to the change in the City’s fiscal year Transient Occupancy Tax (TOT) Transient Occupancy Tax (TOT), a 10 percent tax applied to hotel stays within the City remains strong as Huntington Beach remains a prime tourist destination and the hotel industry continues to thrive. The City collected $10.4M in TOT revenues during Fiscal Year 2020/21, with the $0.8M increase due to the lifting of Shelter-in-Place orders that was used to combat the COVID-19 virus on business and leisure travel. *Fiscal Year 2017/18 reflects nine months of data only due to the change in the City’s fiscal year Budget Development and Monitoring The budget is prepared under the supervision of the City Manager and transmitted to the City Council for deliberation at least 30 days prior to the end of the fiscal year. Pursuant to the City’s Charter, the City Council must adopt the annual budget by June 30 th and may amend or revise 120 viii it any time at a properly noticed meeting. Budgetary control is at the Department level within each fund and a Department Head, with the Chief Financial Officer’s approval, may transfer funds within like categories (operating and capital expenditures) of the same Department. The transfer of funds for salaries and benefits requires additional approval by the City Manager or his designee. Cash Management Policies and Practices Surplus cash is invested by the elected City Treasurer, in investments allowed by the City’s Investment Policy. The Investment Policy is adopted annually by the City Council after approval by the Investment Advisory Board. It outlines guidelines to meet the daily cash flow needs of the City, maximize the efficiency of the City’s cash management system, and identifies prudent investment vehicles for cash balances. The rate of return earned for the year ended June 30, 2021 was 1.41 percent. The City Treasurer, as required by California Government Code 53601, has prepared an annual Statement of Investment Policy which allows the City to meet current obligations while earning a market rate of return. Further information regarding the City’s cash and investments can be found in Note 2 of the financial statements. Long-Term Financial Planning and Major Initiatives The Strategic Goals provides the framework for the goals and objectives of the City. The City Council has six Strategic Goals:  Community Engagement  Homelessness Response  Economic Development & Housing  Infrastructure and Parks  COVID-19 Response  Overall Organizational Fiscal Stability The goals drive both short and long-term budgetary decisions and the daily operations of the City by ensuring everyone is consistently working to achieve the goals outlined in the Plan. Pension Obligation Bonds To meet the goal of strengthening overall financial sustainability, the City issued Pension Obligation Bonds (POBs) in April 2021 in the amount of $363.6 million to refinance 85 percent of its Unfunded Pension Liability (UAL) with CalPERS. In conjunction with the issuance of the POBs, the City also implemented a robust plan to manage future pension liabilities which includes the following provisions:  A minimum $1 million annual contribution to the City’s Section 115 Pension Trust  100% of the first year refinance savings will be contributed to the Section 115 Trust in Fiscal Year 2021/22, then 50 percent annually thereafter (increased for CPI)  At the end of each fiscal year, 50 percent of any unassigned General Fund surplus would be dedicated to the Section 115 Trust  Accelerated repayment of any new UAL to be paid from the Section 115 Trust or General Fund Pension Rate Stabilization Reserve 121 ix Paying down these liabilities, controlling the City’s pension costs through various mechanisms including the issuance of Pension Obligation Bonds, funding a Section 115 trust, and creating an Unfunded Pension Liability Policy helps build capacity to manage future pension cost increases. While the impact of higher CalPERS costs will not be entirely mitigated, this proactive strategy has placed Huntington Beach in a stronger financial position than many other cities. American Rescue Plan Act (ARPA) On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law, which allocated $1.9 trillion in economic recovery funding for families, businesses, schools, and governments impacted by the COVID-19 public health crisis. Pursuant to that legislation, the City was allocated $29.6 million in funding, 50 percent of which was received in May 2021. City Council established a three-person City Council Ad-hoc Subcommittee in June 2021 to develop a proposed ARPA spending plan that either addressed immediate, current needs of the City, or constituted a transformative, “Plan for the Future” project with long-term positive community impacts. On September 7, 2021, City Council approved an ARPA spending plan which includes the following projects:  Oak View Rising Program: to fund implementation efforts associated with livability/landscape improvements, parking impact mitigation, community center facility planning, and youth programming efforts in the Oakview area.  Community Loan Program: to provide loan funding for start-ups and smaller, less established businesses where borrowers are making 80 percent of the Area Median Income (AMI) or less and to support existing mid-sized qualified businesses as they look to expand within the City.  Economic Development Fund: to establish a fund to help support local business expansion efforts, with a particular focus on environmental mitigation.  Major City Facility Upgrade Project: to fund the preliminary planning work associated with the City’s proposed Design-Build-Finance-Operate-Maintain (DBFOM) major City facility upgrade project. Through this initial effort, the City will be able to fund site assessment work, facility master planning, and conceptual design efforts.  Police Technology Infrastructure Improvements: to upgrade HBPD's Computer Aided Dispatch (CAD) & Records Management Systems (RMS) technology infrastructure for police department response.  World Skate Skatepark Development: to ascertain the feasibility of developing local Olympic-quality recreational facilities to bring LA 2028 Olympics action sports to HB (for skateboarding, surfing, and BMX).  Joint Youth Training Center for Police & Fire: to build a new Joint Youth Training Center on the CNET training ground with new Fire and Police equipment to develop a two-track program that provides vocational and educational pathways for local students and underserved youth. Healing Center Project During the past fiscal year, the City has made tremendous strides in its efforts to end homelessness in Huntington Beach through a multifaceted project which includes the development of a premier homeless prevention program that will incorporate transitional housing program options, shelter options for families and children, and additional permanent supportive housing units in the community. As a part of this effort, the City constructed a 174- 122 x bed temporary Navigation Center at 17642 Beach Boulevard in partnership with the County of Orange, which opened in December 2020. The Navigation Center, operated by Mercy House, will provide homeless adults with access to healthcare, dental, and behavioral services. Staff will also assist in finding employment and permanent housing for this vulnerable population to help them on their path to housing security. In April 2021, City Council also approved the creation of Orange County’s first mobile mental health response program in partnership with Be Well OC. This mobile response team, launched in September 2021, is composed of two crisis counselors and assists with many non-emergency and non-medical situations, including public assistance with lack of basic needs (e.g., food, shelter, water) and homelessness, in collaboration with the Huntington Beach Homeless Task Force. Currently, the program is available seven days a week, 12 hours per day, and is planned to expand to 24-hour coverage by Winter 2021-22. City Council also approved the use of $2.5 million in ARPA funds to assist in the creation of a healing center campus facility that embeds medical, behavioral health, recuperative care, and respite housing options that integrate into a broader continuum of mental health/substance abuse care. An additional $2.5 million was approved to facilitate the production of additional Permanent Support Housing units in the City to assist in homeless mitigation efforts. Downtown and Beach Enhancements In May 2021, the City rolled out its first Mobi-Mat to improve beach accessibility for visitors with disabilities, parents with strollers, and others with limited mobility. The mat, located near 6 th Street and PCH, provides a stable walkway across the sand and to the water’s edge. Due to immense popularity, a second Mobi-Mat was made available in October 2021. The City also launched a five-month pilot micro-mobility program in July 2021. This free transit service, in partnership with Circuit, provides five low-speed, six-seat electric shuttles to transport residents, workers, and visitors over short distances within the downtown area using the Circuit app and is available seven days a week. This option will reduce greenhouse gas emissions and also encourage visitors to “park once” and explore all that Huntington Beach has to offer. As part of the City’s commitment to improving the downtown area, City Council approved the use of $1.75 million in ARPA funds towards Downtown Revitalization Improvements to develop final plans for reconfiguring the broader downtown resort district, including enhancements to Main Street, while investing in improvements to enhance connectivity and revitalize businesses and activities. Awards and Acknowledgements The City of Huntington Beach has once again received the “Certificate of Achievement for Excellence in Financial Reporting” award bestowed by the Government Finance Officers’ Association (GFOA) of the United States and Canada for the 35th consecutive year. Receipt of the award requires government entities to publish transparent, easily readable and efficiently organized Annual Comprehensive Financial Reports, conforming to program, accounting, and legal standards. The Certificate of Achievement earned for the fiscal year ended June 30, 2020, is valid for one year only. The City believes that this Annual Comprehensive Financial Report continues to 123 xi conform to the Certificate of Achievement Program requirements and will be submitted to the GFOA for its consideration for another award. I wish to thank the City Council, City Manager, and City Departments for their continued diligence in their role as fiscal stewards for the City of Huntington Beach. Without their leadership and support, the favorable financial results contained in this report would not have been possible. I would also like to thank the Finance Commission, a seven member body appointed by the City Council, which has been instrumental in helping the City maintain its long term goal of financial sustainability. The preparation of this report would also not have been possible without the professional dedicated staff of the Finance Department. Specifically, I would like to thank Sunny Rief, Zack Zithisakthanakul, Ian Wuh, John Willard, Ming Zhai, Leslie Zimmer, Michael Dolan, and Thuy Vi for their hard work and dedication. Respectfully, Dahle Bulosan Chief Financial Officer 124 xii City of Huntington Beach City Council Barbara Delgleize, Mayor Mike Posey, Mayor Pro Tem Rhonda Bolton, Councilmember Kim Carr, Councilmember Dan Kalmick, Councilmember Natalie Moser, Councilmember Erik Peterson, Councilmember Executive Team Oliver Chi, City Manager Travis Hopkins, Assistant City Manager Elected Department Heads Alisa Backstrom, City Treasurer Robin Estanislau, City Clerk Michael Gates, City Attorney Department Directors Dahle Bulosan, Finance Sean Crumby, Public Works Chief Scott Haberle, Fire Interim Chief Julian Harvey, Police Ursula Luna-Reynosa, Community Development Brittany Mello, Interim Administrative Services Chris Slama, Community & Library Services 125 xiii 126 xiv 127 FINANCIAL SECTION 128 Independent Auditor’s Report City Council City of Huntington Beach Huntington Beach, California Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Huntington Beach, California, as of June 30, 2021, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes 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. Auditor’s Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. 129 Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Huntington Beach, California, as of June 30, 2021, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America. Emphasis of Matter During the year ended June 30, 2021, the City implemented Governmental Accounting Standards Board (GASB) Statement No. 84: Fiduciary Activities. Our opinion is not modified with respect to this matter. The financial statements for the year ended June 30, 2021 reflect certain prior period adjustments as described further in note 19 to the financial statements. Our opinion is not modified with respect to this matter. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis, budgetary comparison information for the General Fund and each major special revenue fund, schedule of changes in net pension liability and related ratios, schedule of pension contributions, schedule of money market weighted rate of return, schedule of changes in net OPEB liability and related ratios, and schedule of OPEB contributions be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City of Huntington Beach’s basic financial statements. The combining and individual fund financial statements and schedules, the introductory section and the statistical section are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual fund financial statements and schedules are the responsibility of management and were derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, 130 including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the combining and individual fund financial statements and schedules are fairly stated, in all material respects, in relation to the basic financial statements as a whole. The introductory section and the statistical section have not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 16, 2021 on our consideration of the City of Huntington Beach's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering City of Huntington Beach’s internal control over financial reporting and compliance. Irvine, California December 16, 2021 131 MANAGEMENT DISCUSSION AND ANALYSIS 132 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 As management of the City of Huntington Beach, we offer readers of the City’s financial statements this narrative overview and analysis of the financial activities of the City of Huntington Beach for the year ended June 30, 2021. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our Letter of Transmittal, which can be found on pages iii-xi of this report. Financial Highlights Below is a summary of the City’s government-wide financial information (in thousands):  The City of Huntington Beach’s total assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources at the close of the most recent fiscal year by $691,730,000. Total net position increased modestly by $3,567,000 or 0.5 percent in spite of the growth in assets primarily as a result of the ramp up in liabilities and increase in deferred outflows of resources related to pension and other postemployment benefits.  Long-term obligations increased by $377,840,000 or 70.2 percent. This increase is primarily due to issuance of Pension Obligation Bonds in the amount of $363,645,000 to refinance 85 percent of the City’s unfunded pension liability with CalPERS. In addition, a new lease in the amount of $12,753,000 was approved in Fiscal Year 2020/21 to finance the purchase of three helicopters, one rescue boat, and one fire engine. Deferred outflows of resources increased by $361,306,000 or 625.5 percent primarily due to pension contributions made subsequent to the measurement date including the unfunded liability payment to CalPERS totaling $362,430,000 made from proceeds of the Pension Obligation Bond. Deferred inflows of resources increased by $5,028,000 or 35.2 percent primarily due to changes in assumptions and the differences between the expected and actual experience used to determine the City’s net pension liability. June 30, 2021 June 30, 2020 (Restated) Amount Increase (Decrease) Percent Increase (Decrease) Assets 1,254,251$ 1,214,369$ 39,882$ 3.3% Deferred Outflows of Resources 419,067 57,761 361,306 625.5% Liabilities 962,271 569,678 392,593 68.9% Deferred Inflows of Resources 19,317 14,289 5,028 35.2% Total Net Position 691,730 688,163 3,567 0.5% Unrestricted Net Position (236,030) (236,041) 11 0.0% Long-Term Obligations 915,921 538,081 377,840 70.2% Program Revenues 136,519 146,713 (10,194) -6.9% Taxes 186,787 175,663 11,124 6.3% Other General Revenues 26,660 9,271 17,389 187.6% Expenses 346,399 332,175 14,224 4.3% Total Governmental and Business-Type Activities 133 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021  Program revenues decreased by $10,194,000 or 6.9 percent. The decrease is primarily due to one-time revenues received in Fiscal Year 2019/20 for the payoff of Hermosa Vista and Huntington Pointe loan repayments totaling almost $7,400,000, as well as affordable housing in-lieu fees of $2,200,000 paid by the developer to fulfill the affordable housing requirement for the Sea Dance Housing Development. Additionally, the City experienced reductions in City-owned beach concessionaire and recreation class revenues as a result of a temporary rent abatement program beginning in March 2020 to help offset the loss in revenues small businesses are experiencing due to COVID-19, and the cancellation of in- person recreation programs in accordance with State and County health orders in place in prevent the spread of COVID-19.  Expenses increased by $14,224,000 or 4.3 percent largely due to additional costs incurred related to the COVID-19 pandemic. The City awarded $5,423,000 in grants to 785 local small business and non-profits impacted by COVID-19 utilizing CARES and other funds passed through the County of Orange. Additionally, the City incurred other COVID-19 related expenses, primarily within the Police and Fire departments, for increased labor costs related to paramedic transport, vaccine pod staffing, and overtime to maintain essential levels of service which are anticipated to be reimbursed with FEMA Public Assistance funds. Expenses also increased due to rising pension and workers compensation costs allocated to all City functions. Overview of the Financial Statements This discussion and analysis serves as an introduction to the City of Huntington Beach’s basic financial statements. The City of Huntington Beach’s basic financial statements are comprised of three components: 1) government-wide financial statements; 2) fund financial statements; and 3) notes to the financial statements. This report also contains certain other supplementary information in addition to the basic financial statements. Government-wide Financial Statements The government-wide financial statements are designed to provide readers with a broad overview of the City’s financial condition and are prepared similarly to those in the private sector. The Statement of Net Position presents information on all of the City’s assets, liabilities, deferred outflows and inflows with the difference between them reported as net position. Over time, continued increases or decreases in net position may indicate whether the City’s financial condition is improving or deteriorating. The Statement of Activities presents information on how the City’s net position changed during the most recent fiscal year. These changes are reported on the full accrual basis when the economic event occurs (not when the cash is received or paid). 134 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 The government-wide financial statements separate functions that are primarily supported by taxes and intergovernmental revenues (governmental activities) from functions that are supported by user fees (business-type activities). Governmental activities include the City Council, City Manager, City Treasurer, City Attorney, City Clerk, Finance, Community Development, Fire, Information Services, Police, Community Services, Library Services, and Public Works departments. Business-type activities include Water, Sewer, Refuse, and Hazmat Services. The government-wide financial statements include the City and all of its component units that are legally separate but whose activities entirely support the City of Huntington Beach. The government-wide financial statements can be found on pages 25-26 of this report. Fund Financial Statements The City separates financial activities into funds to maintain control over resources that have been legally separated. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds. Governmental Funds Governmental funds are used to account for the same functions reported in governmental activities in the government-wide financial statements. However, the focus in the governmental fund section of these financial statements is on near-term resource inflows and outflows available for spending, as well as balances of resources available for spending at the end of the fiscal year. It is useful to compare information presented for the governmental funds to information presented for governmental activities in the government-wide financial statements. The reconciliations indicate to the reader the differences in financial reporting between the governmental activities section and the governmental funds section. The City maintains 26 individual governmental funds. Information is presented separately in the governmental funds Balance Sheet and in the governmental funds Statement of Revenue, Expenditures, and Changes in Fund Balances for the General Fund, Grants Special Revenue Fund, Low and Moderate Income Housing Asset Fund (LMIHAF) and Pension Liability Debt Service Fund, all of which are considered to be major funds. Data from the other 22 smaller funds are combined into a single, aggregated presentation. Individual fund data for each of these other governmental funds is provided in combining statements elsewhere in this report. The City provides an annual appropriated budget for its governmental funds. Budgetary comparison schedules for the General Fund and other major governmental funds (Grants Special Revenue Fund, LMIHAF Capital Projects Fund, and Pension Liability Debt 135 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 Service Fund) are required to be presented and are included on pages 127-129 of this report and demonstrate compliance with the budget. The basic governmental fund financial statements can be found on pages 27 and 30 of this report. Proprietary Funds The City maintains two different types of proprietary funds, which are used to account for the same activities as the business-type activities in the government-wide financial statements. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its Water, Sewer Service, Refuse, and Hazmat Service activities. Internal Service funds are used in accounting as a device to accumulate and allocate costs internally among the City's various functions. The City uses internal service funds to account for its self-insurance worker’s compensation activities, self-insurance general liability activities, and equipment replacement needs. Because these services predominantly benefit governmental rather than business-type functions, they have been included with governmental activities in the government-wide financial statements. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provides information for Water, Sewer Service, Refuse, Hazmat Service, Self-Insurance Workers’ Compensation, Self-Insurance General Liability, and Equipment Replacement Funds. The basic proprietary fund financial statements can be found on pages 31-33 of this report. Fiduciary Funds Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the City of Huntington Beach’s own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. The basic fiduciary fund financial statements can be found on page 34 of this report. Notes to the Financial Statements The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to the financial statements can be found on pages 36-123 of this report. 136 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 Other information In addition to the basic financial statements and accompanying notes, this report also presents certain required supplementary information concerning the City’s progress in funding its obligation to provide pension and OPEB benefits to its employees and General Fund and major special revenue funds budget-to-actual comparisons. Required supplementary information can be found on pages 126-137 of this report. The combining statements and schedules referred to earlier in connection with other governmental funds is presented immediately following the required supplementary information on pensions. Combining and individual fund statements and schedules can be found on pages 141-148 of this report. Government-wide Financial Analysis As noted earlier, net position may serve, over time, as a useful indicator of a government’s financial position. At the end of the current fiscal year, the City reported positive net position balances for both governmental and business-type activities, with total assets plus deferred outflows exceeding liabilities plus deferred inflows by $691,730,000. Below is a summary schedule of the City’s net position at June 30, 2021 (in thousands): Governmental Activities June 30, 2021 June 30, 2020 (Restated) Amount Increase (Decrease) Percent Increase (Decrease) Current and Other Assets 276,665$ 257,987$ 18,678$ 7.2% Capital Assets 737,256 714,759 22,497 3.1% Total Assets 1,013,921 972,746 41,175 4.2% Deferred Outflows of Resources 393,130 54,499 338,631 621.4% Current and Other Liabilities 34,751 20,645 14,106 68.3% Long-Term Obligations 864,784 508,578 356,206 70.0% Total Liabilities 899,535 529,223 370,312 70.0% Deferred Inflows of Resources 17,716 13,374 4,342 32.5% Net Position: Net Investment in Capital Assets 699,204 673,498 25,706 3.8% Restricted 65,755 85,673 (19,918) -23.2% Unrestricted (275,159) (274,523) (636) -0.2% Total Net Position 489,800$ 484,648$ 5,152$ 1.1% Business-Type Activities June 30, 2021 June 30, 2020 (Restated) Amount Increase (Decrease) Percent Increase (Decrease) Current and Other Assets 97,861$ 98,838$ (977)$ -1.0% Capital Assets 142,469 142,785 (316) -0.2% Total Assets 240,330 241,623 (1,293) -0.5% Deferred Outflows of Resources 25,937 3,262 22,675 695.1% Current and Other Liabilities 11,599 10,952 647 5.9% Long-Term Obligations 51,137 29,503 21,634 73.3% Total Liabilities 62,736 40,455 22,281 55.1% Deferred Inflows of Resources 1,601 915 686 75.0% Net Position: Net Investment in Capital Assets 142,469 142,785 (316) -0.2% Restricted 20,332 22,248 (1,916) -8.6% Unrestricted 39,129 38,482 647 1.7% Total Net Position 201,930$ 203,515$ (1,585)$ -0.8% 137 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 Analysis of the City’s Net Position Current and Other Assets: The increase in current and other assets of $18,678,000 for governmental activities is mainly due to the increase in cash and receivables balances related to increased property and sales tax revenues, as well as the receipt of the first tranche of American Rescue Plan Act funds in May 2021 totaling $14,803,000. The decrease in current and other assets of $977,000 for business-type activities is primarily due to a reduced cash balance in the Water Master Plan fund due to ongoing large capital project costs in Fiscal Year 2020/21 that were delayed from prior year, including water main replacements and the City’s share of slip lining the OC-44 imported water transmission line. Current and Other Liabilities: Current and other liabilities for governmental activities increased by $14,106,000 and increased by $647,000 for business-type activities due to normal fluctuations in the accounts payable and payroll cycles. For governmental activities, the majority of the increase is related to American Rescue Plan Act Funds received in May 2021 that was recorded as unearned revenue. Deferred Outflows and Inflows of Resources: The increase in deferred outflows of resources of $338,631,000 and $22,675,000 for governmental activities and business- type activities, respectively, is mainly due to deferral of pension contributions made subsequent to the measurement date, including the unfunded liability payment to CalPERS totaling $362,430,000 made from proceeds of the Pension Obligation Bond. The increase in deferred inflows of resources of $4,342,000 for governmental activities and $686,000 for business-type activities is related to the actuarially determined amortization of changes in assumptions, differences between projected and actual earnings on pension plan investments, and differences between expected and actual experience used to determine the net pension and other postemployment benefits liabilities. See Notes 6, 7, and 8 for additional information. Long-Term Obligations: Long-term obligations increased by $356,206,000 for governmental activities and $21,634,000 for business-type activities primarily due to the City issuing a $363,645,000 Pension Obligation Bond to refinance 85 percent of its unfunded pension liability with CalPERS. Net Investment in Capital Assets: The largest portion of the City’s net position reflects investment in capital assets (e.g., land, buildings, machinery, equipment, and infrastructure), less any related debt used to acquire those assets that is still outstanding. The City uses capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City’s investment in its capital assets are reported net of related debt, the resources needed to repay this debt must be provided from other sources, since capital assets themselves cannot be used to liquidate these liabilities. Net position invested in capital assets net of related debt from governmental 138 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 activities increased $25,706,000 or 3.8 percent, primarily due the acquisition of property and related construction of the City’s 174-bed Navigation Center and residential street improvements. Net position invested in capital assets net of related debt from business- type activities decreased $316,000 or 0.2 percent primarily due to normal year to year depreciation. Restricted Net Position: An additional portion of the City’s net position is subject to external (legally imposed or statutory) restrictions ($65,755,000 for governmental activities, and $20,332,000 for business-type activities). These amounts represent 13.4 percent and 10.1 percent of net position for governmental activities and business-type activities, respectively. Restricted net position from governmental activities decreased $19,918,000 or 23.2 percent, largely due to the change in restricted net position in the LMIHAF Capital Project fund as funds were spent for the purchase of property to construct a 174-bed Navigation Center, and in the Gas Tax Special Revenue fund for the construction of various street improvements, including arterial rehabilitation and residential street overlay projects. Restricted net position from business-type activities decreased by $1,916,000 or 8.6 percent primarily due to an increase in restricted Water Master Plan funds available for capital projects as funds are spent. Unrestricted Net Position: The unrestricted net position (negative $275,159,000 for governmental activities and $39,129,000 for business-type activities) represent negative 56.2 percent and 19.4 percent, respectively, of net position for governmental activities and business-type activities. Unrestricted net position for governmental activities decreased $636,000 or 0.2 percent. Unrestricted net position for business-type activities increased by $647,000 or 1.7 percent during the year due to the increase in Investment in Capital Assets from the Sewer fund in fiscal year 2020/21. 139 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 A condensed summary of governmental activities (in thousands) follows: Revenues: June 30, 2021 June 30, 2020 Amount Increase (Decrease) Percent Increase (Decrease) Program Revenues: Charges for Current Services 53,683$ 59,819$ (6,136)$ -10.3% Operating Grants and Contributions 6,013 8,141 (2,128) -26.1% Capital Grants and Contributions 10,192 14,483 (4,291) -29.6% Total Program Revenues 69,888 82,443 (12,555) -15.2% General Revenues: Property Taxes 99,958 94,263 5,695 6.0% Sales Taxes 51,162 44,616 6,546 14.7% Utility Taxes 18,374 18,149 225 1.2% Franchise Taxes 8,040 7,872 168 2.1% Transient Occupancy Tax 9,253 10,763 (1,510) -14.0% Use of Money and Property 4,399 3,208 1,191 37.1% From Other Agencies - Unrestricted 22,000 3,317 18,683 563.2% Total General Revenues 213,186 182,188 30,998 17.0% Total Revenues 283,074 264,631 18,443 7.0% Expenses: City Council 423 405 18 4.4% City Manager 11,163 3,328 7,835 235.4% City Treasurer 340 317 23 7.3% City Attorney 3,140 3,136 4 0.1% City Clerk 1,147 949 198 20.9% Finance 6,828 6,661 167 2.5% Community Development 19,716 15,722 3,994 25.4% Fire 65,960 62,840 3,120 5.0% Information Services 6,230 8,643 (2,413) -27.9% Police 102,415 97,204 5,211 5.4% Community Services 11,365 12,539 (1,174) -9.4% Library Services 6,181 5,776 405 7.0% Public Works 40,270 45,834 (5,564) -12.1% Interest on Long-Term Debt 2,706 1,686 1,020 60.5% Total Expenses 277,884 265,040 12,844 4.8% Change in Net Position Before Transfers 5,190 (409) Transfers (38) (38) Change in Net Position 5,152 (447) Net Position - Beginning of Year 478,901 479,348 Cumulative Effect of Changes in Accounting Principles 5,747 - Net Position - Beginning of Year as Restated 484,648 479,348 Net Position - End of Year 489,800$ 478,901$ Governmental Activities 140 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 The cost of all governmental activities this year was $277,884,000. However, as shown in the Statement of Activities, the amount that taxpayers ultimately financed for these activities was $207,996,000, because costs of $53,683,000 were paid by those who directly benefited from the programs, or by other governments and organizations that subsidized certain programs with operating grants and contributions of $6,013,000, and capital grants and contributions of $10,192,000. Overall, the City’s governmental program revenues were $69,888,000. The City paid for the remaining “public benefit” portion of governmental activities with $213,186,000 in taxes and general revenue (some of which may only be used for certain programs) and with other revenues, such as interest and general entitlements. Charges for current services decreased $6,136,000 or 10.3 percent. As noted in the financial highlights section, the absence of one-time revenue sources from large development projects and City’s responses to help mitigate the risks posed by COVID-19 negatively impacted the City’s recreational fee revenue which caused the Charges for Current Services to drop. Operating Grants and Contributions decreased by $2,128,000 or 26.1 percent and Capital Grants and Contributions have decreased by $4,291,000 or 29.6 percent, primarily due to the one-time Hermosa Vista and Huntington Pointe loan repayments of almost $7,400,000 received in the prior fiscal year. Program expenses increased by $12,844,000 or 4.8 percent due to the rise in pension and workers compensation costs coupled with the increase in spending to mitigate the effects of COVID-19. As mentioned previously, the City awarded $5,423,000 in grants to 785 local small business and non-profits impacted by COVID-19 using grant funds provided by the County of Orange. Police and Fire also incurred additional COVID-19 related personnel costs by providing services such as paramedic transport of COVID-19 patients, vaccine pod staffing, and overtime to maintain essential levels of service, which is anticipated to be reimbursed through FEMA Public Assistance funds. To help fund some of these increased costs by other departments, Public Works decreased their overall spending by $5,564,000. Total resources available during the year to finance governmental operations were $767,722,000 consisting of restated net position at July 1, 2020 of $484,648,000, program revenues of $69,888,000, and general revenues of $213,186,000. Total expenses for governmental activities during the year were $277,884,000 plus transfers of $38,000. Thus, net position increased by $5,152,000 or 1.1 percent, to $489,800,000. 141 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 A condensed summary of business-type activities (in thousands) follows: The City’s net position from business-type activities decreased by $1,623,000 before transfers. This is mainly due to increases in Water expenses for capital projects including the City’s share of slip lining the OC-44 imported water transmission line and water main replacements. The cost of all business-type activities this year was $68,515,000. As shown in the Statement of Activities, the amount paid by users of the systems was $66,631,000, other revenue was $261,000, and transfers were $38,000. Beginning net position was $203,515,000 and ending net position was $201,930,000, a decrease of $1,585,000 which is less than a tenth of a percentage. Of the ending net position amount, $142,469,000, or 70.6 percent, was invested in capital assets, $20,332,000 or 10.1 percent was restricted for expenses for the Water Master Plan, and $39,129,000, or 19.4 percent was unrestricted. Transfers in for business-type activities were $38,000 for the current year, which is the same as prior year. June 30, 2021 June 30, 2020 Amount Increase (Decrease) Percent Increase (Decrease) Program Revenues: Charges for Current Services 66,631$ 64,270$ 2,361$ 3.7% Total Program Revenues 66,631 64,270 2,361 3.7% Use of Money and Property 261 2,746 (2,485) -90.5% Total Revenues 66,892 67,016 (124) -0.2% Expenses: Water Utility 46,054 44,463 1,591 3.6% Sewer Service 9,284 9,828 (544) -5.5% Refuse Collection 12,936 12,609 327 2.6% Hazmat Service 241 235 6 2.6% Total Expenses 68,515 67,135 1,380 2.1% Increase (Decrease) in Net Position Before Transfers (1,623) (119) Transfers 38 38 Total Change In Net Position (1,585) (81) Net Position - Beginning of Year 203,515 203,596 Net Position - End of Year 201,930$ 203,515$ Business-Type Activities 142 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 Financial Analysis of the City’s Major Governmental Funds Below is an analysis of the City’s major governmental fund activities for the year (in thousands): The General Fund Balance increased by $12,486,000 due to increased property and sales tax revenues. The City also received one-time revenues from AES Southland Development, Inc. totaling $4,900,000 related to improvements in the Southeast area, as well as Strike Team revenues totaling $1,458,000 for Fire department wildfire response through the California Fire Service and Rescue Emergency Mutual Aid System managed by CalOES. The Section 115 trust fund balance also increased by $2,875,000 due to budgeted contributions to the trust and strong investment returns. The Grants Special Revenue Fund Balance decreased by $2,207,000 primarily due to the increase in COVID-19 related expenditures that is anticipated to be reimbursed with FEMA Public Assistance Disaster Relief funds, and other capital projects that have not been reimbursed by the granting agencies. The bulk of the expenditure increase is related to the Small Business Grant Program and construction of a temporary Navigation Center Program totaling $5,423,000 and $5,610,000, respectively. The LMIHAF Capital Projects Fund Balance decreased by $5,863,000 primarily as a result of the acquisition of property for the construction of a 174-bed Navigation Center. The Pension Liability Fund increased by $9,083,000, largely due to revenues set aside from the voter-approved property tax override dedicated to the payment of Public Safety pension costs. The Fiscal Year 2020/21 revenues includes a one-time true up payment of $908,000 from the County for override tax generated from the former Redevelopment area. June 30, 2021 June 30, 2020 (Restated) Amount Increase (Decrease) Percent Increase (Decrease) Total Fund Equity: General Fund 94,609$ 82,123$ 12,486$ 15.2% Grants Special Revenue Fund 2,354 4,561 (2,207) -48.4% LMIHAF Capital Projects Fund 3,622 9,485 (5,863) -61.8% Pension Liability Fund 16,943 7,860 9,083 0.0% Total Fund Equity 117,528$ 104,029$ 13,499$ 13.0% Governmental Funds 143 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 Financial Analysis of the City’s Major Proprietary Funds Below is an analysis of the fund equity of the City’s proprietary funds (in thousands): The Water Fund total net position decreased by $3,408,000 due to planned capital expenditures exceeding revenues in Fiscal Year 2020/21, which caused the unrestricted net position to decline by $879,000. The Sewer Fund net position increased by $1,678,000 and unrestricted net position increased by $1,359,000 due to planned sewer projects being deferred to the following year. In addition, all enterprise funds with the exception of the Water Fund generated revenues that exceeded the expenses incurred for the current fiscal year. Long-Term Obligations Below is a schedule of the changes to the City’s long-term obligations (in thousands): Governmental Activities:June 30, 2020 Additions Retirements June 30, 2021 Revenue Bonds 35,665$ 19,275$ (25,395)$ 29,545$ Compensated Absences 12,633 5,971 (5,199) 13,405 Claims Payable 37,155 23,258 (13,634) 46,779 Pollution Remediation 2,000 - - 2,000 LED Lighting Phase I 546 - (114) 432 I-Bank CLEEN Loan 2,171 - (289) 1,882 CEC Loan 2,588 - (131) 2,457 Pension Obligation Bonds - 341,501 - 341,501 Leases Payable 5,241 12,753 (5,241) 12,753 Total Long-Term Obligations Governmental Activities 97,999 402,758 (50,003) 450,754 Business-Type Activities: Compensated Absences 1,615 542 (731) 1,426 Pension Obligation Bonds - 22,144 - 22,144 Business-Type Activities:1,615 22,686 (731) 23,570 Total Long-Term Obligations 99,614$ 425,444$ (50,734)$ 474,324$ June 30, 2021 June 30, 2020 Amount Increase (Decrease) Percent Increase (Decrease) Net Position: Water Fund 121,825$ 125,233$ (3,408)$ -2.7% Sewer Fund 79,953 78,275 1,678 2.1% Refuse Fund 48 (83) 131 157.8% Hazmat Service Fund 104 90 14 15.6% Total Net Position 201,930$ 203,515$ (1,585)$ -0.8% Unrestricted Net Position: Water Fund 10,246$ 11,125$ (879)$ -7.9% Sewer Fund 28,865 27,506 1,359 4.9% Refuse Fund (86) (239) 153 64.0% Hazmat Service Fund 104 90 14 15.6% Total Unrestricted Net Position 39,129$ 38,482$ 647$ 1.7% Enterprise Funds 144 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 Additional information on the City’s long-term debt is shown in Note 11 to the financial statements. The City of Huntington Beach is legally restricted to issuing general obligation bonds to 12 percent of its assessed valuation. Since the City has no general obligation bonds outstanding, the limit does not apply. The City’s total long-term obligations increased by $374,710,000 or 376.2 percent from the prior fiscal year as the City issued a $363,645,000 Pension Obligation Bond and $12,753,000 lease for public safety equipment in Fiscal Year 2020/21. The City continues to maintain strong credit ratings on all of its debt issues. Most notably, on August 27, 2014 Fitch Ratings issued an AAA Implied General Obligation Bond rating to the City of Huntington Beach and that same rating was most recently reaffirmed in July 2020. The following are the ratings as determined by Standard and Poors and Fitch Ratings as of June 30, 2021. Capital Assets The capital assets of the City are those assets which are used in the performance of the City’s functions including infrastructure assets. The City has elected to use the “Basic Approach” as defined by GASB Statement No. 34 for infrastructure reporting. The following infrastructure networks are recorded as capital assets in the government-wide financial statements:  Storm drain system including pump stations, drainage system and manholes.  Streets (including land underneath streets), traffic signals, curbs, gutters, and sidewalks. Debt Instrument S & P Fitch 1999 Tax Allocation Refunding Bonds AA-AA 2002 Tax Allocation Refunding Bonds AA-N/A 2020(a) Lease Revenue Bonds AA AA+ 2020(b) Lease Revenue Bonds AA AA+ 2021 Pension Obligation Bonds AA+AA+ 145 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 Below is a schedule of the City’s capital assets, net of accumulated depreciation (in thousands): Capital assets from governmental activities increased $22,497,000 or 3.1 percent. This increase is largely due to street replacement infrastructure costs and the acquisition of property and construction of a 174-bed Navigation Center. Capital assets from business- type activities decreased $316,000 or 0.2 percent largely due to regular depreciation for the year. Further information on the City’s capital assets can be found in Note 12 of the financial statements. General Fund Budgetary Highlights Changes to Original Budget Comparing the Fiscal Year 2020/21 General Fund Original (i.e. Adopted) Budget expenditures amount of $206,060,000 to the final budgeted amount of $220,756,000 shows a net increase of $14,696,000, or 7.1 percent. This overall increase is due to budget carryovers from the previous year and increased transfers to the Infrastructure and Equipment Replacement funds of $4,400,000 and $1,319,000, respectively. Final budgeted revenues for the General Fund increased $19,928,000 or 9.2 percent from the original (adopted) budget for the fiscal year ended June 30, 2021. The change from original to final budget occurred primarily as a result of adjustments made to budgeted property tax, sales tax, utility tax, other taxes, and transfers to other funds. Governmental Activities: June 30, 2021 June 30, 2020 Amount Increase (Decrease) Percent Increase (Decrease) Land 368,795$ 362,069$ 6,726$ 1.9% Buildings 126,122 126,779 (657) -0.5% Machinery and Equipment 19,583 13,962 5,621 40.3% Construction in Progress 8,584 7,515 1,069 14.2% Infrastructure 214,172 204,434 9,738 4.8% Total Governmental Activities 737,256 714,759 22,497 3.1% Business-Type Activities: Land 3,907 3,907 - 0.0% Buildings 65,847 68,359 (2,512) -3.7% Machinery and Equipment 6,786 7,025 (239) -3.4% Construction in Progress 1,782 442 1,340 303.2% Infrastructure 64,147 63,052 1,095 1.7% Total Business-Type Activities 142,469 142,785 (316) -0.2% Total Capital Assets 879,725$ 857,544$ 22,181$ 2.6% 146 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 Variance with Final Budget General Fund actual revenues were greater than the final budget by $1,543,000 for the fiscal year ended June 30, 2021. This favorable budget variance is due in large part to actual investment returns exceeding budgeted amounts in the City’s Section 115 Trust. General Fund expenditures were $4,910,000 less than the final budget. The favorable budget variance is due in large part to the following:  The Community Services and Library Services Departments realized $2,758,000 in savings primarily due to a reduction in city-provided services impacted by the COVID-19 pandemic.  The Public Works and Community Development Departments realized $1,050,000 in savings primarily due to differences in the projected versus actual timing of design, construction, and maintenance contracts for projects, as well as the deferral of various building and planning contracts. Analysis of City’s Other Major Governmental Funds Grants Special Revenue Fund The fund balance in the Grant Special Revenue Fund decreased by $2,207,000, largely due to COVID-19 related expenditures that are expected to be reimbursed through FEMA Public Assistance funds. LMIHAF Capital Projects Fund The fund balance in the LMIHAF Capital Projects Fund decreased by $5,863,000 due to the purchase of property to construct a temporary 174-bed Navigation Center in partnership with the County of Orange. Pension Liability Debt Service Fund The fund balance in the Pension Liability Debt Service Fund increased by $9,083,000 due to revenues set-aside from the voter-approved property tax override dedicated to the payment of Public Safety pension costs. The Fiscal Year 2020/21 revenues includes a one-time true up payment of $908,000 from the County for override tax generated from the former Redevelopment area. 147 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 Economic Factors and Next Year’s Budget The Adopted Fiscal Year 2021/22 Budget is structurally balanced, totaling $424.4 million in All Funds. This reflects a $65.4 million, or 18.2 percent, increase from the Fiscal Year 2020/21 Adopted All Funds Budget of $359.0 million. A significant portion of the increase is due to added investment in essential infrastructure and equipment and the restoration of COVID-19 temporary cost saving measures. The larger increases were due to the following funds: Infrastructure Fund ($13.3 million), Equipment Fund ($3.4 million), Pension Liability Fund ($22.6 million), Retirement Supplement Fund ($5.3 million), and General Liability Fund ($2.6 million). The General Fund budget, which provides the majority of public services to the community, totals $228.0 million, reflecting a $11.1 million, or 5.1 percent increase from the Fiscal Year 2020/21 budget of $216.9 million. This increase is a result of the added Section 115 Trust pension liability set-aside, increased investment in infrastructure and equipment, and restoration of temporary expenditure reductions made in response to the COVID-19 pandemic. The Adopted General Fund Budget for next year has no reliance on one-time revenues to fund ongoing operations, which is critical to maintaining the City’s financial viability and success. Major highlights are as follows: Public Safety: Funding for Public Safety represents 55 cents for every dollar spent in the General fund. With over half of the General Fund Budget committed to the Police and Fire Departments, the City has dedicated the greatest share of its resources, or $125.3 million to these core services. In the Police Department, the budget adds $2.3 million in equipment funds, largely to finance the purchase of three new helicopters and the replacement of 39 police vehicles. The CIP includes $1,624,000 for relocation and expansion of the Police Department Communications Center and Traffic Office, Helipad Lot Replacement, and the installation of street cameras to assist with traffic monitoring and investigations. In the Fire Department, the Adopted Budget includes $1.1 million in Equipment Replacement Fund comprising the replacement of a Fire Engine, Rescue Boat, Command Vehicle, and Cardiac Monitors/Defibrillators. The General Fund CIP includes $590,000 for Lifeguard and Jr. Lifeguard upgrades and signals at Murdy and Heil Fire Stations. The Fiscal Year 2021/22 Adopted Budget is a balanced budget. As the economy continues to bounce back and public health guidelines become less restrictive, revenue sources such as Sales Tax and Transient Occupancy Tax are anticipated to increase considerably in the coming year. The Fiscal Year 2021/22 Adopted Budget includes the continuation of Citywide restructuring measures implemented during Fiscal Year 2020/21, restores a number of operating cuts made in response to the COVID-19 pandemic, 148 City of Huntington Beach Management’s Discussion and Analysis For the Year Ended June 30, 2021 includes mandated savings along with the debt service payment for the City’s recently instituted Pension Obligation Bonds, and prioritizes improvements to the City’s facilities, roads and parks. The Fiscal Year 2021/22 budget remains committed to improving the quality of life for our residents, businesses, and visitors by increasing funding for core services such as public safety, community & library service programs, and improving the City’s infrastructure. General Fund Revenue General Fund revenue is projected to be $228.0 million, a $11.1 million or 5.1 percent decrease from the Fiscal Year 2020/21 Adopted Budget resulting from projected positive economic impacts resulting from widespread COVID-19 vaccinations, loosening public health orders, and the re-opening of businesses for indoor dining and shopping.  Property Taxes are estimated at $93.2 million, reflecting an increase of 1.2 percent due to the low interest rates leading to accelerated growth in assessed valuations and Employee Retirement Override revenues being transferred to the Pension Liability Fund and no longer being budgeted in the General Fund.  Sales Tax revenues are projected to be $44.6 million, an increase of 13.8 percent from Fiscal Year 2020/21. Transient Occupancy Taxes are anticipated to increase $3.8 million, or 55.1 percent. The increases in these two revenue sources is attributable to the projected positive economic impacts resulting from widespread COVID-19 vaccinations, loosening public health orders, and the re-opening of businesses for indoor dining and shopping.  Licenses and Permits, estimated at $7.8 million, reflect a 5.7 percent increase, as economic and development activity are anticipated to increase in the coming year. Franchise Taxes are anticipated at $7.1 million, a 29.0 percent increase. Use of Money & Property, which includes parking revenues and lease concessions, is projected to increase $1.7 million, or 11.5 percent, due to business re-openings and expected increases in visitors to our beach and downtown areas, especially as international travel continues to become less restrictive. Contacting the City’s Financial Management Team This financial report is designed to provide our citizens, taxpayers, customers, and investors and creditors with a general overview of the City’s finances and to show the City’s accountability for the money it receives. If you have questions about this report, separate reports of the City’s component units or need any additional financial information, contact the Finance Department at 2000 Main Street, Huntington Beach, California, 92648-2702, phone (714) 536-5630 or email tvi@surfcity-hb.org. 149 THIS PAGE INTENTIONALLY LEFT BLANK 150 THIS PAGE INTENTIONALLY LEFT BLANK 151 BASIC FINANCIAL STATEMENTS 152 ASSETS Governmental Activities Business-Type Activities Total Cash and Investments 227,029$ 88,351$ 315,380$ Cash and Investments with Fiscal Agent 9,902 - 9,902 Receivables, Net 36,889 6,496 43,385 Advances to Successor Agency 1,363 - 1,363 Inventories - 1,442 1,442 Prepaids 1,297 - 1,297 Joint Venture 185 1,572 1,757 Subtotal 276,665 97,861 374,526 Capital Assets: Non-Depreciable 377,379 5,689 383,068 Depreciable, Net 359,877 136,780 496,657 Total Capital Assets 737,256 142,469 879,725 Total Assets 1,013,921 240,330 1,254,251 DEFERRED OUTFLOWS OF RESOURCES Deferred Outflows Related to Pensions 390,427 25,616 416,043 Deferred Outflows Related to Other Postemployment Benefits 2,703 321 3,024 Total Deferred Outflows of Resources 393,130 25,937 419,067 LIABILITIES Accounts Payable 9,927 9,346 19,273 Accrued Payroll 5,877 631 6,508 Unearned Revenue 15,846 - 15,846 Accrued Interest Payable 2,341 131 2,472 Deposits 760 1,491 2,251 Subtotal 34,751 11,599 46,350 Long-Term Obligations: Long-Term Obligations Due Within One Year 30,295 1,165 31,460 Long-Term Obligations Due in More than One Year 420,459 22,405 442,864 Net Pension Liability 411,153 27,224 438,377 Net Other Postemployment Benefits Liability 2,877 343 3,220 Total Long-Term Obligations 864,784 51,137 915,921 Total Liabilities 899,535 62,736 962,271 DEFERRED INFLOWS OF RESOURCES Deferred Inflows Related to Pensions 15,306 1,314 16,620 Deferred Inflows Related to Other Postemployment Benefits 2,410 287 2,697 Total Deferred Inflow of Resources 17,716 1,601 19,317 NET POSITION Net Investment in Capital Assets 699,204 142,469 841,673 Restricted for: Debt Service 4,435 - 4,435 Capital Projects 13,927 20,332 34,259 Public Works and Community Services Projects 47,393 - 47,393 Total Restricted Net Position 65,755 20,332 86,087 Unrestricted (275,159) 39,129 (236,030) Total Net Position 489,800$ 201,930$ 691,730$ CITY OF HUNTINGTON BEACH STATEMENT OF NET POSITION JUNE 30, 2021 (In Thousands) See Notes to the Financial Statements 153 Program Revenues Functions/Programs Expenses Charges for Current Services Operating Grants and Contributions Capital Grants and Contributions Governmental Activities Business- Type Activities Total Governmental Activities: City Council 423$ 162$ -$ -$ (261)$ -$ (261)$ City Manager 11,163 4,208 33 14 (6,908) - (6,908) City Treasurer 340 149 - - (191) - (191) City Attorney 3,140 6 - - (3,134) - (3,134) City Clerk 1,147 30 - - (1,117) - (1,117) Finance 6,828 3,055 - - (3,773) - (3,773) Community Development 19,716 8,353 2,142 964 (8,257) - (8,257) Fire 65,960 8,877 25 - (57,058) - (57,058) Information Services 6,230 610 - - (5,620) - (5,620) Police 102,415 6,477 1,519 - (94,419) - (94,419) Community Services 11,365 15,558 427 28 4,648 - 4,648 Library Services 6,181 153 401 - (5,627) - (5,627) Public Works 40,270 6,045 1,466 9,186 (23,573) - (23,573) Interest on Long-Term Debt 2,706 - - - (2,706) - (2,706) Total Governmental Activities 277,884 53,683 6,013 10,192 (207,996) - (207,996) Business-type Activities: Water Utility 46,054 42,523 - - - (3,531) (3,531) Sewer Service 9,284 10,828 - - - 1,544 1,544 Refuse Collection 12,936 13,014 - - - 78 78 Hazmat Service 241 266 - - - 25 25 Total Business-Type Activities 68,515 66,631 - - - (1,884) (1,884) Total Governmental and Business Type Activities 346,399$ 120,314$ 6,013$ 10,192$ (207,996)$ (1,884)$ (209,880)$ General Revenues: Taxes: Property Taxes 99,958$ -$ 99,958$ Sales Taxes 51,162 - 51,162 Utility Taxes 18,374 - 18,374 Franchise Taxes 8,040 - 8,040 Transient Occupancy Tax 9,253 - 9,253 Total Taxes 186,787 - 186,787 Other: Use of Money and Property 4,399 261 4,660 From Other Agencies - Unrestricted 22,000 - 22,000 Total General Revenues 213,186 261 213,447 Transfers (38) 38 - Total General Revenues and Transfers 213,148 299 213,447 Change in Net Position 5,152 (1,585) 3,567 Net Position - Beginning of Year 478,901 203,515 682,416 Cumulative Effect of Changes in Accounting Principles 5,747 - 5,747 Net Position - Beginning of Year as Restated 484,648 203,515 688,163 Net Position - End of Year 489,800$ 201,930$ 691,730$ Net (Expense) Revenue and Changes in Net Position CITY OF HUNTINGTON BEACH STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) See Notes to the Financial Statements 154 CITY OF HUNTINGTON BEACH BALANCE SHEET GOVERNMENTAL FUNDS JUNE 30, 2021 (In Thousands) ASSETS General Fund Grants Special Revenue LMIHAF Capital Projects Pension Liability Other Governmental Funds Total Cash and Investments 86,267$ 17,434$ 2,263$ 16,762$ 70,447$ 193,173$ Cash and Investments with Fiscal Agent - 30 - 36 9,836 9,902 Taxes Receivable 13,258 - - 98 1,494 14,850 Other Receivables, Net 8,163 5,094 8,092 47 547 21,943 Advances to Successor Agency - - 1,363 - - 1,363 Prepaids 115 - - - 105 220 TOTAL ASSETS 107,803$ 22,558$ 11,718$ 16,943$ 82,429$ 241,451$ LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities: Accounts Payable 3,803$ 862$ 3$ -$ 4,544$ 9,212$ Accrued Payroll 5,567 95 7 - 192 5,861 Unearned Revenue 1,020 14,826 - - - 15,846 Deposits Payable 760 - - - - 760 Total Liabilities 11,150 15,783 10 - 4,736 31,679 Deferred Inflows of Resources: Unavailable Revenue 2,044 4,421 8,086 - 209 14,760 Total Deferred Inflows of Resources 2,044 4,421 8,086 - 209 14,760 Fund Balances: Nonspendable Prepaids 115 - - - 105 220 Restricted Underground Utilities 364 - - - - 364 Restitution 282 - - - - 282 Donations 767 - - - - 767 Section 115 Trust 11,378 - - - - 11,378 Pollution Remediation - - - - 355 355 Debt Service - - - 16,943 4,435 21,378 Highways, Streets and Transportation - - - - 10,443 10,443 Low Income Housing - - 3,622 - 2,698 6,320 Air Quality - - - - 1,518 1,518 Other Capital Projects - - - - 25,775 25,775 Other Purposes 770 2,354 - - 2,018 5,142 Committed Economic Uncertainties 25,381 - - - - 25,381 Parks - - - - 1,389 1,389 Other Capital Projects 184 - - - 21,852 22,036 Other Purposes - - - - 3,616 3,616 Assigned Litigation Reserves 3,650 - - - - 3,650 AES Reserve 4,900 - - - - 4,900 Capital Improvement Reserve 8,230 - - - 3,280 11,510 Equipment Replacement 8,295 - - - - 8,295 General Plan Maintenance 791 - - - - 791 General Liability Plan Migration 2,801 - - - - 2,801 Pension Rate Stabilization 741 - - - - 741 Cityview Replacement 1,028 - - - - 1,028 Section 115 Trust 1,500 - - - - 1,500 Triple Flip 749 - - - - 749 Strategic Initiatives 16,536 - - - - 16,536 Housing Agreement 174 - - - - 174 Year-End Fair Value 1,983 - - - - 1,983 Other Purposes 3,990 - - - - 3,990 TOTAL FUND BALANCES 94,609 2,354 3,622 16,943 77,484 195,012 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES 107,803$ 22,558$ 11,718$ 16,943$ 82,429$ 241,451$ See Notes to the Financial Statements 155 Amounts reported for governmental activities in the statement of net position are different because: Total Fund Balances Governmental Funds 195,012$ Net capital assets used in governmental activities are not current financial resources and, therefore, are not reported in the governmental funds. Amounts exclude net Capital Assets of the Internal Service Funds. Capital Assets 1,113,591 Accumulated Depreciation (381,639) Total Capital Assets 731,952 731,952 Joint Venture 185 Internal Services funds are used by management to charge the cost of various city activities to individual governmental and business-like funds. The assets and liabilities of the Internal Service fund must be added to the Statement of Net Position.(8,441) Revenues that are measurable but not available are not recognized as revenue in governmental funds. Such amounts are recorded as unavailable revenue under the modified accrual basis of accounting.14,760 Deferred outflows related to pensions 389,193 Deferred outflows related to Other Postemployment Benefits (OPEB)2,688 Governmental funds report all pension contributions as expenditures; however, in the statement of net position, the excess of the total pension liability over the plan fiduciary net position is reported as a net pension liability.(409,844) Deferred inflows related to pensions (15,245) Deferred inflows related to Other Postemployment Benefits (OPEB)(2,397) Governmental funds report all OPEB contributions as expenditures; however, in the statement of net position, the excess of the total OPEB liability over the plan fiduciary net position is reported as a net pension liability.(2,861) Other long-term liabilities are not due in the current period and, therefore, are not recorded in the governmental funds. Accrued Interest Payable (2,337) Long-term Liabilities, including bonds and certificates of participation payable, are not due and payable in the current period and therefore are not reported in the governmental funds. Amounts exclude Long-Term Obligation of the Internal Service Fund. Long-Term Obligations Due in One Year (20,138) Long-Term Obligations Due in More than One Year (382,727) Net Position of Governmental Activities 489,800$ (In Thousands) CITY OF HUNTINGTON BEACH RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION JUNE 30, 2021 See Notes to the Financial Statements 156 REVENUES General Fund Grants Special Revenue LMIHAF Capital Projects Pension Liability Other Governmental Funds Total Property Taxes 91,708$ -$ -$ 8,250$ -$ 99,958$ Sales Taxes 47,676 - - - 3,486 51,162 Utility Taxes 18,374 - - - - 18,374 Other Taxes 18,428 - - - 7,317 25,745 Licenses and Permits 7,805 - - - 408 8,213 Fines and Forfeitures 4,619 - - - - 4,619 From Use of Money and Property 16,196 222 964 300 1,481 19,163 Intergovernmental 9,967 18,075 - - 1,794 29,836 Charges for Current Services 21,878 - - 1,493 2,018 25,389 Other 2,001 - - - 38 2,039 Total Revenues 238,652 18,297 964 10,043 16,542 284,498 EXPENDITURES Current: City Council 397 - - 646 - 1,043 City Manager 3,867 5,453 - 6,284 372 15,976 City Treasurer 319 - - 518 - 837 City Attorney 2,938 - - 4,776 - 7,714 City Clerk 1,068 8 - 1,734 - 2,810 Finance 6,025 18 - 9,788 342 16,173 Community Development 8,920 8,450 6,421 14,492 929 39,212 Fire 57,002 1,880 - 89,773 1,071 149,726 Information Services 6,991 64 - 11,358 682 19,095 Police 89,440 2,141 - 140,857 - 232,438 Community Services 7,708 553 - 12,523 4,280 25,064 Library Services 5,150 233 - 8,367 349 14,099 Public Works 24,116 1,569 - 39,177 23,145 88,007 Debt Service: Principal 1,723 - - - 2,260 3,983 Interest 182 - - - 755 937 Total Expenditures 215,846 20,369 6,421 340,293 34,185 617,114 Excess (Deficiency) of Revenues Over (Under) Expenditures 22,806 (2,072) (5,457) (330,250) (17,643) (332,616) OTHER FINANCING SOURCES (USES) Transfers In 548 1,271 - - 11,239 13,058 Issuance of Long-Term Debt - - - (453) - (453) Issuance Premium - - - - 1,743 1,743 Issuance Discount - - - (649) - (649) Proceeds of Long Term Debt - - - 340,435 32,028 372,463 Payments to Escrow - - - - (28,256) (28,256) Transfers Out (10,868) (1,406) (406) - (416) (13,096) Total Other Financing Sources (Uses) (10,320) (135) (406) 339,333 16,338 344,810 Net Change In Fund Balances 12,486 (2,207) (5,863) 9,083 (1,305) 12,194 Fund Balances - Beginning of Year 80,088 4,561 9,485 7,860 75,077 177,071 Cumulative Effect of Changes in Accounting Principles 2,035 - - - 3,712 5,747 Fund Balances - Beginning of Year as Restated 82,123 4,561 9,485 7,860 78,789 182,818 Fund Balances - End of Year 94,609$ 2,354$ 3,622$ 16,943$ 77,484$ 195,012$ (In Thousands) CITY OF HUNTINGTON BEACH STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021 See Notes to the Financial Statements 157 Amounts reported for governmental activities in the Statement of Activities are different because: Net Changes in Fund Balances - Total Governmental funds 12,194$ Depreciable Assets Purchased 29,506 Non-Depreciable Assets Purchased 11,575 Non-Depreciable Assets Disposition (3,780) Capital Asset Depreciation (16,050) Joint Venture (72) Current Year Grant and Other Revenue Accrual 3,010 Prior Year Grant and Other Revenue Accrual (2,922) (1,064) Pension expenses reported in the statement of activities includes the change in the net pension liability and related changes in pension amounts for deferred outflows and deferred inflows of resources. (9,994) Governmental funds report expenditures for retirement contributions whereas these amounts are reported as deferred outflows of resources on the Statement of Net Position. 339,296 454 Internal service funds are used by management to charge the costs of certain activities, such as self insurance workers' compensation charges. The net revenue of this internal service fund is reported as governmental activities. (13,168) Current Year Interest Accrual (2,337) Prior Year Interest Accrual 568 31,170 (372,463) (771) Change in Net Position of Governmental Activities 5,152$ FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) CITY OF HUNTINGTON BEACH RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES Accrual of Revenues - Certain revenues in the Statement of Activities do not meet the "availability" criteria for revenue recognition in the governmental funds and are not reported in the governmental funds as revenue. Capital Expenditures - Governmental funds report capital outlays as expenditures. However, in the Statement of Activities, the cost of these assets are allocated over their estimated useful lives and reported as depreciation expense. Liabilities not liquidated with current resources - Some expenses reported in the Statement of Activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. The issuance of long-term debt provides current financial resources to governmental funds. Repayment of long-term debt principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the Statement of Net Position. Other Postemployment Benefits Payments - Expenses reported in the Statement of Activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds (expenses). Repayments on long-term receivables provide current financial resources to governmental funds, while loans provided consume the current financial resources of governmental funds. These transactions, however, have no effect on net position. The repayment of some expenses such as compensated absences, claims, and pension expenses, reported in the Statement of Activities, do not require the use of current resources, and therefore are not reported as expenditures in the governmental funds. See Notes to the Financial Statements 158 Governmental Activities Water Fund Sewer Service Fund Refuse Fund Hazmat Service Fund Total Internal Service Funds ASSETS Current Assets: Cash and Investments 31,348$ 35,763$ 420$ 488$ 68,019$ 33,856$ Restricted Cash and Investments 20,332 - - - 20,332 - Other Receivables, Net 2,575 579 606 9 3,769 96 Prepaids - - - - - 1,077 Joint Ventures 1,572 - - - 1,572 - Inventories 1,442 - - - 1,442 - Unbilled Receivables 1,727 441 559 - 2,727 - Total Current Assets 58,996 36,783 1,585 497 97,861 35,029 Capital Assets: Land 3,907 - - - 3,907 - Buildings and Improvements 57,298 42,784 - - 100,082 - Machinery and Equipment 16,797 4,584 215 - 21,596 6,831 Infrastructure 104,496 44,808 - - 149,304 - Construction in Progress 294 1,488 - - 1,782 - Less Accumulated Depreciation (91,545) (42,576) (81) - (134,202) (1,527) Total Capital Assets 91,247 51,088 134 - 142,469 5,304 Total Assets 150,243 87,871 1,719 497 240,330 40,333 DEFERRED OUTFLOWS OF RESOURCES Deferred Outflows Related to Pensions 17,925 6,705 600 386 25,616 1,234 Deferred Outflows Related to Other Postemployment Benefits 231 79 8 3 321 15 Total Deferred Outflows of Resources 18,156 6,784 608 389 25,937 1,249 Total Assets and Deferred Outflows of Resources 168,399$ 94,655$ 2,327$ 886$ 266,267$ 41,582$ LIABILITIES Current Liabilities: Accounts Payable 7,630$ 693$ 1,023$ -$ 9,346$ 715$ Accrued Payroll 433 174 14 10 631 16 Deposits Payable 1,491 - - - 1,491 - Interest Payable 91 35 3 2 131 4 Current Portion of Claims Payable - - - - - 10,108 Current Portion of Compensated Absences 274 103 10 2 389 12 Total Current Liabilities 9,919 1,005 1,050 14 11,988 10,855 Non-Current Liabilities: Compensated Absences 731 275 24 7 1,037 32 Long-Term Obligations Due Within One Year 543 203 18 12 776 37 Long-Term Obligations Due in More than One Year 14,953 5,593 501 321 21,368 1,029 Net Pension Liability 19,053 7,126 639 406 27,224 1,309 Net Other Postemployment Benefits Liability 246 84 9 4 343 16 Claims Payable - - - - - 36,671 Total Non-Current Liabilities 35,526 13,281 1,191 750 50,748 39,094 Total Liabilities 45,445 14,286 2,241 764 62,736 49,949 DEFERRED INFLOWS OF RESOURCES Deferred Inflows Related to Pensions 923 345 31 15 1,314 61 Deferred Inflows Related to Other Postemployment Benefits 206 71 7 3 287 13 Total Deferred Inflows of Resources 1,129 416 38 18 1,601 74 NET POSITION Investment in Capital Assets 91,247 51,088 134 - 142,469 5,304 Restricted for: Capital Projects 20,332 - - - 20,332 - Unrestricted 10,246 28,865 (86) 104 39,129 (13,745) Total Net Position 121,825 79,953 48 104 201,930 (8,441) Total Liabilities, Deferred Inflows of Resources, and Net Position 168,399$ 94,655$ 2,327$ 886$ 266,267$ 41,582$ PROPRIETARY FUNDS STATEMENT OF NET POSITION CITY OF HUNTINGTON BEACH Business-Type Activities - Enterprise Funds (In Thousands) June 30, 2021 See Notes to the Financial Statements 159 Governmental Activities Water Fund Sewer Service Fund Refuse Fund Hazmat Service Fund Total Internal Service Funds OPERATING REVENUES Sales 38,995$ -$ -$ -$ 38,995$ -$ Fees and Charges for Service - 10,814 12,968 266 24,048 14,130 Other 3,528 14 46 - 3,588 73 Total Operating Revenues 42,523 10,828 13,014 266 66,631 14,203 OPERATING EXPENSES Water Purchases 17,144 - - - 17,144 - Supplies and Operations 9,664 7,096 12,911 239 29,910 4,486 Engineering 3,013 - - - 3,013 - Production and Distribution 8,339 - - - 8,339 - Maintenance 561 - - - 561 - Water Meters 2,178 - - - 2,178 - Water Quality 834 - - - 834 - Water Use Efficiency 244 - - - 244 - Claims and Judgments - - - - - 22,073 Depreciation 3,986 2,153 22 - 6,161 714 Total Operating Expenses 45,963 9,249 12,933 239 68,384 27,273 Operating Income (Loss) (3,440) 1,579 81 27 (1,753) (13,070) NON-OPERATING REVENUES (EXPENSES) Investment Income (Loss) 123 134 2 2 261 (90) Interest Expense (91) (35) (3) (2) (131) (4) Debt Service - - - - - (4) Total Non-Operating Revenues (Expenses) 32 99 (1) - 130 (98) Income (Loss) Before Transfers (3,408) 1,678 80 27 (1,623) (13,168) TRANSFERS Transfers In - - 51 - 51 - Transfers Out - - - (13) (13) - Total Transfers - - 51 (13) 38 - Change in Net Position (3,408) 1,678 131 14 (1,585) (13,168) Net Position - Beginning of Year 125,233 78,275 (83) 90 203,515 4,727 Net Position - End of Year 121,825$ 79,953$ 48$ 104$ 201,930$ (8,441)$ Business-Type Activities - Enterprise Funds (In Thousands) FOR THE YEAR ENDED JUNE 30, 2021 PROPRIETARY FUNDS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION CITY OF HUNTINGTON BEACH See Notes to the Financial Statements 160 Governmental Activities Water Fund Sewer Service Fund Refuse Fund Hazmat Service Fund Total Internal Service Funds CASH FLOWS FROM OPERATING ACTIVITIES Cash Received from Customers and Users 41,916$ 10,797$ 12,802$ 265$ 65,780$ 14,241$ Cash Paid to Employees for Services (24,920) (9,342) (844) (573) (35,679) (1,561) Cash Paid to Suppliers of Goods and Services (32,327) (3,565) (12,593) (3) (48,488) (16,762) Net Cash and Investment Provided by Operating Activities (15,331) (2,110) (635) (311) (18,387) (4,082) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Transfers In - - 51 - 51 - Transfers Out - - - (13) (13) - Debt Service - - - - - (4) Proceeds from Issuance of Long-Term Debt 15,496 5,796 519 333 22,144 1,066 Net Cash and Investments Provided (Used) by Noncapital Financing Activities 15,496 5,796 570 320 22,182 1,062 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of Capital Assets (3,373) (2,472) - - (5,845) (1,960) Net Cash and Investments Used by Capital and Related Financing Activities (3,373) (2,472) - - (5,845) (1,960) CASH FLOWS FROM INVESTING ACTIVITIES Investment Income (Loss) 123 134 2 2 261 (90) Net Cash and Investments Provided by Investing Activities 123 134 2 2 261 (90) Net Increase (Decrease) in Cash and Investments (3,085) 1,348 (63) 11 (1,789) (5,070) Cash and Investments - Beginning of Year 54,765 34,415 483 477 90,140 38,926 Cash and Investments - End of Year 51,680$ 35,763$ 420$ 488$ 88,351$ 33,856$ RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH AND INVESTMENTS PROVIDED (USED) BY OPERATING ACTIVITIES Operating Income (Loss) (3,440)$ 1,579$ 81$ 27$ (1,753)$ (13,070)$ Adjustments to Reconcile Operating Income (Loss) to Net Cash and Investments Provided (Used) by Operating Activities Depreciation 3,986 2,153 22 - 6,161 714 (Increase) Decrease in Other Receivables, Net (446) (66) (223) (1) (736) 38 Decrease in Unbilled Receivables 141 35 11 - 187 - Decrease (Increase) in Prepaids - - - - - (477) (Increase) in Joint Ventures (254) - - - (254) - (Increase) in Inventory (9) - - - (9) - Increase (Decrease) in Accounts Payable 692 29 14 - 735 177 Increase (Decrease) in Accrued Payroll 63 17 3 - 83 (7) Increase (Decrease) in Deposits Payable (302) - - - (302) - Increase (Decrease) in Claims Payable - - - - - 9,624 Increase (Decrease) in Compensated Absences (150) (18) (26) 5 (189) - (Increase) Decrease in Deferred Pension Outflow (15,878) (5,939) (532) (342) (22,691) (1,093) Increase (Decrease) in Deferred Pension Inflow 501 187 17 6 711 32 Increase (Decrease) in Net Pension Liability (196) (73) - (6) (275) (19) Decrease in Deferred Other Postemployment Benefits Outflow 12 4 - - 16 1 (Decrease) in Deferred Other Postemployment Benefits Inflow (18) (6) (1) - (25) (1) (Decrease) in Net Other Postemployment Benefits Liability (33) (12) (1) - (46) (1) Net Cash and Investments Provided by Operating Activities (15,331)$ (2,110)$ (635)$ (311)$ (18,387)$ (4,082)$ NONCASH INVESTING, CAPITAL, AND FINANCING ACTIVITIES There were no noncash investing, capital, or financing activities during the year ended June 30, 2021. Business-Type Activities - Enterprise Funds CITY OF HUNTINGTON BEACH STATEMENT OF CASH FLOWS PROPRIETARY FUNDS FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) See Notes to the Financial Statements 161 ASSETS Custodial Funds Pension Trust Fund - Retirement Supplemental Fund Huntington Beach Redevelopment Successor Agency Private Purpose Trust Cash and Investments 4,490$ 3$ 6,647$ Cash and Investments with Fiscal Agent 3,265 - 2,582 Mutual Funds - 69,928 - Money Market Funds - 433 - Accounts Receivable, Net 699 - 20 Total Assets 8,454 70,364 9,249 LIABILITIES Accounts Payable 1,928 - 427 Accrued Payroll - - 6 Advances from City of Huntington Beach - - 1,363 Long-Term Obligations: Long-Term Obligations Due Within One Year - - 4,171 Long-Term Obligations Due in More than One Year - - 25,550 Total Long-Term Obligations - - 29,721 Total Liabilities 1,928 - 31,517 NET POSITION Restricted for Pension Benefits - 70,364 - Held in Trust For Other Purposes - - (22,268) Restricted for Individuals and Organizations 6,526 - - Total Net Position 6,526$ 70,364$ (22,268)$ ADDITIONS Custodial Funds Pension Trust Fund - Retirement Supplemental Fund Huntington Beach Redevelopment Successor Agency Private Purpose Trust Employer Contributions -$ 933$ -$ Special Assessments or Special Taxes Collected from Property Owners 1,512 - 5,201 Business Improvement District Taxes 4,093 - - Parking Assessments 2,442 - - Total Additions Before Investment Income 8,047 933 5,201 Investment Income: Investment Income 13 15,846 10 Less Investment Expense - (129) - Net Investment Income 13 15,717 10 Total Additions 8,060 16,650 5,211 DEDUCTIONS Benefits - 5,494 - Administrative Costs 51 314 - Payments to other Organizations 4,748 - - Economic Development - - 223 Interest and Fiscal Agency Expenses 1,511 - 1,822 Principal 1,810 - - Total Deductions 8,120 5,808 2,045 Change in Net Position (60) 10,842 3,166 Net Position - Beginning of Year - 59,522 (25,434) Cumulative Effect of Changes in Accounting Principles 6,586 - - Net Position - Beginning of Year as Restated 6,586 59,522 (25,434) Net Position - End of Year 6,526$ 70,364$ (22,268)$ STATEMENT OF CHANGES IN FIDUCIARY FUND NET POSITION FIDUCIARY FUNDS FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) CITY OF HUNTINGTON BEACH STATEMENT OF FIDUCIARY FUND NET POSITION FIDUCIARY FUNDS JUNE 30, 2021 (In Thousands) CITY OF HUNTINGTON BEACH See Notes to the Financial Statements 162 THIS PAGE INTENTIONALLY LEFT BLANK 163 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 Footnote Number Description Page 1. Summary of Significant Accounting Policies ............................ 37-53 2. Cash and Investments ................................................................... 54-61 3. Other Receivables .......................................................................... 61-62 4. Unearned Revenue ........................................................................ 63 5. Unavailable Revenue .................................................................... 63 6. Retirement Plan – Normal ............................................................ 64-74 7. Retirement Plan – Supplemental ................................................ 74-81 8. Other Post Employment Benefits ............................................... 82-88 9. Risk Management ................................................................ 89-90 10. Interfund Transactions .......................................................................... 91-92 11. Long-Term Obligations .................................................................. 93-105 12. Capital Assets ................................................................................. 106-108 13. Investment in Joint Ventures ....................................................... 108 14. Related Party Transaction ............................................................ 108 15. Successor Agency Trust for Assets of the Former Redevelopment Agency of the City of Huntington Beach ..... 109-116 16. Commitments and Contingencies ............................................... 116-120 17. Other Information .......................................................................... 120 18. Subsequent Events ....................................................................... 120-122 19. Prior Period Adjustments ............................................................. 122-123 164 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Reporting Entity The City of Huntington Beach is the primary government. It was incorporated in 1909 as a charter, full-service city. The form of government is Council-Manager. Component units are legally separate organizations for which the City Council is financially accountable, or organizations that if excluded from the accompanying financial statements, would make them misleading. The component units described below are blended (presented as if they are part of the primary government) or presented as a fiduciary trust fund with the primary government for financial reporting purposes. The criteria used in determining the scope of the reporting entity are based on the provisions of GASB Statement 14, The Financial Reporting Entity, as amended by GASB Statement 39, Determining Whether Certain Organizations Are Component Units, and GASB Statement 61, The Financial Reporting Entity: Omnibus an amendment of GASB Statements No. 14 and No. 34. A legally separate, tax exempt organization should be reported as a blended component unit of the City if all of the following criteria are met: 1. The governing board is substantively the same as the primary government and there is a financial benefit or burden relationship between the primary government and the component unit; 2. The component unit provides services entirely, or almost entirely, to the primary government or otherwise exclusively, or almost exclusively, benefits the primary government even though it does not provide services directly to it; and 3. The component unit’s total debt outstanding, including leases, is expected to be repaid entirely or almost entirely with the resources of the primary government. Based on the application of the criteria listed above, the following component units have been included. Huntington Beach Housing Authority The Housing Authority (the Authority) was established in March 2011 pursuant to Housing Authority Laws of California to provide rental assistance programs to low- income families and senior citizens, and to operate a Housing Rehabilitation Loan Program and other approved programs. The Authority is governed by a commission of seven members comprised of the City Council, which appoints management and has full accountability for the Authority's fiscal affairs. The Authority's financial data and transactions are included within the capital projects Low and Moderate Income Housing Asset Fund (LMIHAF). On January 9, 2012, the City adopted a resolution designating the Housing Authority of the City of Huntington Beach to serve as the Housing Successor Agency. The Housing Successor Agency's financial data and transactions are included within the LMIHAF Capital Projects Fund. There is no separate Component Unit Financial Report (CUFR) prepared for the Authority. 165 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Huntington Beach Public Financing Authority (Public Financing Authority) – This Corporation was formed in March 1988 to issue debt to finance public improvements and other capital purchases for the City and the former Redevelopment Agency. The Public Financing Authority’s governing body is the City Council, which also adopts its annual budget. The Public Financing Authority is financially dependent on the City. There are no separately issued financial statements available for the Public Financing Authority. The City of Huntington Beach Supplemental Retirement Plan and Trust (Supplemental Retirement Plan and Trust) – The Trust was formed to provide a supplemental retirement plan for all employees hired prior to 1997 (exact dates differed for various associations). The governing board of the Supplemental Retirement Plan consists of the City Treasurer, Chief Financial Officer, and the City Manager (or designee). The Retirement Board is responsible for supervising all investments, resolving benefit disputes, and ensuring that contributions are made in order to pay the required benefits. There are no separate financial statements for this plan and trust. b. Government-wide Financial Statements The government-wide financial statements include a Statement of Net Position and a Statement of Activities. These statements present summaries of Governmental and Business-Type Activities for the City accompanied by a total column. Fiduciary activities of the City are not included in these statements. These statements are presented on an “economic resources” measurement focus and the accrual basis of accounting. Accordingly, all of the City’s assets, deferred inflows/outflows of resources, and liabilities, including capital assets, as well as infrastructure assets, and long-term liabilities, are included in the accompanying Statement of Net Position. The Statement of Activities presents changes in Net Position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. 166 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The Statement of Activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Indirect expenses are allocated to the various functions based on a proportionate use of services. The types of transactions reported as program revenues for the City are reported in three categories: 1) charges for current services; 2) operating grants and contributions; and, 3) capital grants and contributions. Taxes and other items not properly included among program revenues are reported as general revenues. As a general rule, the effects of interfund activity have been eliminated from the government-wide financial statements. When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first, then unrestricted resources as they are needed. Financial Statement Classification In the government-wide financial statements, net position is classified in the following categories: Net Investment in Capital Assets – This category groups all capital assets, including infrastructure, into one component of net position. Accumulated depreciation and the outstanding balances of debt that are attributable to the acquisition, construction, or improvement of these assets reduce this category. Restricted Net Position – This category presents restrictions imposed by creditors, grantors, contributors or laws or regulations of other governments and restrictions imposed by law through constitutional provisions or enabling legislation. The government-wide Statement of Net Position reports $65,755,000 of governmental activities restricted net position, of which $36,839,000 is restricted by enabling legislation. The government-wide Statement of Net Position reports $20,332,000 of business-type activities restricted net position, of which all is restricted by enabling legislation. This category presents restrictions placed on the categories of Capital Projects, Debt Service, and Specific Projects and Programs. 167 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Unrestricted Net Position – This category represents the net position of the City, not restricted for any project or other purpose. The government-wide Statement of Net Position reports a deficit unrestricted net position of $275,159,000 of governmental activities unrestricted net position, which is largely a result of the recent implementation of GASB Statement Nos. 68 and 75 that requires the City to report Net Pension Liabilities and Net Other Post-Employment Benefits (OPEB) Liability. The City’s Net Pension Liability at June 30, 2021 is $438,377,000 and Net OPEB Liability is $3,220,000, respectively, of which $411,153,000 and $2,877,000, respectively, is payable from Governmental Activities. The government-wide Statement of Net Position reports $39,129,000 of business-type activities unrestricted net position. c. Fund Financial Statements Separate fund financial statements are prepared for governmental funds, proprietary funds, and fiduciary funds. Major individual governmental and enterprise funds are reported as separate columns in the fund financial statements. Measurement Focus, Basis of Accounting, and Financial Statement Presentation All governmental funds are accounted for on a spending or "current financial resources" measurement focus and the modified accrual basis of accounting. Only current assets, current liabilities, and deferred inflows are included on the Balance Sheets. The Statement of Revenues, Expenditures, and Changes in Fund Balances presents increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period. Revenues are recorded when received in cash, except that revenues subject to accrual (generally 60 days after year-end) are recognized when due. The primary revenue sources, which have been treated as susceptible to accrual by the City, are property tax, sales tax, use of money and property, intergovernmental revenues, charges for current services, and other taxes. Expenditures are recorded in the accounting period in which the related fund liability is incurred. However, debt service expenditures as well as expenditures related to compensated absences and claims are recorded only when payment is due. 168 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Governmental Funds Financial Statements Governmental Funds Financial Statements include a Balance Sheet and a Statement of Revenues, Expenditures, and Changes in Fund Balances for all major governmental funds and non-major funds aggregated. Accompanying schedules are presented to reconcile and explain the differences in fund balances and changes in fund balances as presented in these statements to the net position and changes in net position presented in the government-wide financial statements. The City presents all major funds that meet those qualifications. The City’s Governmental Fund Balances are comprised of the following components:  Nonspendable fund balance includes amounts that are not in spendable form and typically includes inventories, prepaid items, and other items that by definition cannot be appropriated.  The restricted fund balance category includes amounts that can be spent only for the specific purposes stipulated by constitution, external resource providers, or through enabling legislation.  The committed fund balance classification includes amounts that can be used only for the specific purposes determined by a formal action of the City Council. The City Council has authority to establish, modify, or rescind a fund balance commitment by formal action as specified by the City’s Fund Balance Policy. Commitments to fund balance are made through adoption of a resolution by City Council.  Amounts in the assigned fund balance classification are intended to be used by the City for specific purposes but do not meet the criteria to be classified as restricted or committed. The City Manager or designee has the authority to establish, modify, or rescind a fund balance assignment as specified by the City’s Fund Balance Policy.  Unassigned fund balance is the residual classification for the City’s General Fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance in other governmental funds is limited to any negative residual fund balance after fund balance has been classified as restricted, committed, or assigned. 169 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) In the government-wide statements, the City considers restricted funds to be spent first then unrestricted amounts when expenditures are incurred for purposes for which both restricted and unrestricted fund balance is available. In the governmental fund statements, when expenditures are incurred, the City uses the most restrictive funds first. The City would use the appropriate funds in the following order: committed, assigned, and lastly unassigned amounts. The City establishes encumbrances to record the amount of purchase orders, contracts, and other obligations, which have not yet been fulfilled, cancelled, or discharged. Encumbrances outstanding at year-end are recorded as part of restricted or assigned fund balance. Encumbrances outstanding as of June 30, 2021, by major fund (in thousands): Economic Uncertainties Reserve The City Council established an Economic Uncertainties Reserve in the General Fund through a resolution with a goal to commit the value of two months of the General Fund expenditure adopted budget amount. Appropriations from the Economic Uncertainties Reserve commitments can only be made by formal City Council action. Generally, appropriations and access to these funds will be reserved for emergency situations. Examples of such emergencies include, but are not limited to:  An unplanned, major event such as catastrophic disaster requiring expenditures over 5% of the General Fund adopted budget;  Budgeted revenue in excess of $1 million taken by another government entity;  Drop in projected/actual revenue of more than 5% of the General Fund adopted revenue budget; and,  Should the Economic Uncertainties Reserve be used, and its level falls below the minimum amount of two months of General Fund expenditures adopted budget, the goal is to replenish the fund within three fiscal years. General Fund 3,940$ Grants Special Revenue 1,782 LMIHAF Capital Projects 12 Other Governmental Funds 19,067 Total Encumbrance All Funds 24,801$ 170 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Proprietary Fund Financial Statements The City’s enterprise and internal service funds are proprietary funds. Proprietary Fund Financial Statements include a Statement of Net Position, a Statement of Revenues, Expenses, and Changes in Fund Net Position, and a Statement of Cash Flows for each major proprietary fund. Proprietary funds are accounted for using the "economic resources" measurement focus and the accrual basis of accounting. Accordingly, all assets, deferred inflows/outflows, and liabilities (whether current or non-current) are included on the Statement of Net Position. The Statement of Revenues, Expenses, and Changes in Fund Net Position present increases (revenues) and decreases (expenses) in total Net Position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred. Operating revenues in the proprietary funds are those revenues that are generated from the primary operations of the fund. All other revenues are reported as non- operating revenues. Operating expenses are those expenses that are essential to the primary operations of the fund. All other expenses are reported as non-operating expenses. The internal service funds, which provide services to the other funds of the City, are presented in a single column in the proprietary funds financial statements. Because the principal users of the internal services funds are the City’s governmental activities, the assets and liabilities of the internal service funds are consolidated into the governmental activities column of the government-wide Statement of Net Position. The costs of the internal service fund services are spread to the appropriate function or program on the government-wide Statement of Activities and the revenues and expenses within the internal service funds are eliminated from the government-wide financial statements to avoid any doubling effect of these revenues and expenses. 171 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Fiduciary Funds Financial Statements Fiduciary Funds Financial Statements include a Statement of Net Position and a Statement of Changes in Net Position for Custodial and Trust Funds. The City's fiduciary funds include Custodial and Trust Funds. Custodial Funds report fiduciary activities that are not held in a trust or equivalent arrangement that meets specific criteria. The Custodial funds present results of operations and include net position. Custodial funds are accounted for on the accrual basis of accounting. Trust Funds present results of operations and include net position. The Retirement Supplemental Trust Fund accounts for the activities of the Supplemental Retirement Plan for all employees hired prior to 1997, which accumulates resources for pension benefits to qualified employees. Contributions are made to the Supplemental Plan based on the City’s policy to fund the required contributions as determined by the Plan’s actuary and are recognized when they are made. The Retiree Medical Insurance Trust Fund accounts for the activities of the City’s Other Post- Employment Benefits plans, which provide postemployment medical insurance to retirees. The Huntington Beach Redevelopment Successor Agency Private Purpose Trust Fund accounts for the Successor Agency for the former Redevelopment Agency pursuant to Assembly Bill X1 26. Fiduciary funds are not presented in the government-wide financial statements because these funds do not represent net position available to the City. The City reports the following major funds: Governmental Funds General Fund – accounts for activity not required to be accounted for in another fund. Grants Special Revenue – accounts for grant revenues received from federal, state, and local agencies restricted for related project expenditures. LMIHAF Capital Projects – accounts for the activity related to the development of affordable housing. Pension Liability Debt Service – accounts for the City’s contribution to its pension plan obligations, as provided by the voter-approved property tax override and other sources of revenue, including the allocable share from Enterprise Funds and Other Governmental Funds. Proprietary Funds Water Fund – used to account for water sales to customers. Sewer Service Fund – accounts for user fees charged to residents and businesses for sewer service. 172 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Refuse Fund – used to account for activities related to refuse collection and disposal. Hazmat Service Fund – accounts for user fees charged for the City’s hazardous waste material program. The City’s fund structure also includes the following fund types: Special Revenue Funds are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditure for specified purposes other than debt service or capital projects. Debt Service Funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for principal and interest. Capital Projects Funds are used to account for and report financial resources that are restricted, committed, or assigned to expenditure for capital outlays, including the acquisition or construction of capital facilities and other capital assets. Internal Service Funds Self Insurance Workers’ Comp Fund – accounts for the City’s self insurance workers’ compensation program in an internal service fund. Self Insurance General Liability Fund – accounts for the City’s self insurance general liability program in an internal service fund. Equipment Replacement Fund – accounts for the City’s equipment replacement needs in an internal service fund. Fiduciary Funds Custodial Funds – are used to account for debt service activities related to the Parking Structure – Bella Terra and Community Facilities District conduit debt issues, in which the City acts as an agent, not as a principal. The Business Improvement District fund is used to account for taxes received and held until disbursement. Pension Trust Fund – Retirement Supplemental Fund - accounts for the City’s supplemental retirement plan. Huntington Beach Redevelopment Successor Agency Private Purpose Trust Fund – accounts for the Successor Agency of the former Redevelopment Agency in accordance with the State’s Dissolution Act. 173 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) d. Cash and Investments The City pools cash resources of its various funds to facilitate cash management. Cash in excess of daily needs is invested and reported as investments. It is the City’s intent to hold investments until maturity. However, the City may, in response to market conditions, sell investments prior to maturity in order to improve the quality, liquidity, or yield of the portfolio. Interest earnings are apportioned among funds based on month-end cash and investment balances. The City’s cash and cash equivalents are considered to be cash on hand, demand deposits, and highly liquid investments, such as money market funds, and any investment with a maturity of 90 days or less at the time of purchase. For financial reporting purposes, investments are adjusted to their fair value whenever the difference between fair value and the carrying amount is material. Changes in fair value that occur during the fiscal year are recognized as investments income reported for that fiscal year. Investment income includes interest earnings, changes in fair value and any gains or losses realized upon the liquidation or sale of investments. The City participates in the Local Agency Investment Fund (LAIF), an investment pool managed by the State Treasurer of the State of California. LAIF has invested a portion of the pool funds in structured notes and asset-backed securities. LAIF’s investments are subject to credit risk. In addition, these structured notes and asset- backed securities are subject to interest rate risk as a result of changes in interest rates. In June 2020, the City Council adopted a resolution authorizing the deposit and investment of excess funds in the Orange County Investment Pool (OCIP). The investments in OCIP are managed by the County Treasurer. The City’s investment policy is further discussed in Note 2 on page 54. The City pools all non-restricted cash for investment purchases and allocates interest income to the funds based on month-end cash balances. Funds that have restricted cash record interest income in the respective fund. 174 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) e. Capital Assets Capital assets, which include property, plant, equipment, and infrastructure, are reported in the applicable governmental or business-type activities columns in the government-wide financial statements and in the proprietary funds financial statements. Capital assets have an acquisition cost of $50,000 or greater ($100,000 for infrastructure) and a useful life of one year or more. The City records all purchased capital assets at historical cost (where historical records are available) and at estimated historical cost where no historical records exist. Capital assets acquired from gifts or contributions are recorded at acquisition value at the time received, or in the case of infrastructure assets, at City Council acceptance date. Capital assets acquired through annexation are recorded at net book value. In the government-wide and proprietary funds financial statements, depreciation is recorded on the straight-line method over the estimated useful life of the assets as shown below and charged to the respective activity or fund. No depreciation is recorded in the governmental funds of the fund financial statements. Buildings 20 to 50 years Machinery and Equipment 5 to 30 years Infrastructure 50 Years f. Unearned Revenue In the government-wide and the fund-level financial statements, unearned revenues are those where the asset recognition (availability criteria) has been met, but the revenue recognition criteria have not been met. 175 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) g. Deferred Outflows/Inflows of Resources In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to future periods and so will not be recognized as an outflow of resources (expense/expenditure) until then. The City reports deferred outflows related to pensions and OPEB which are the result of the implementation of GASB Statement Nos. 68 and 75. In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future periods and so will not be recognized as an inflow of resources (revenue) until that time. The City reported the following in this category: 1. Unavailable revenues (which include revenues, notes, and long-term receivables) measured under the modified accrual basis of accounting reported in governmental funds. These amounts are deferred and will be recognized as an inflow of resources in the period that the amounts become available. 2. Changes in the net pension liability not included in pension expense. 3. Changes in the net other postemployment benefits liability not included in OPEB expense. h. Inventories Proprietary fund inventories are valued at weighted-average cost and consist of expendable supplies and repair parts. The cost of such inventories is recorded as expenditures/expenses when consumed rather than when purchased. 176 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) i. Interfund Transactions As a general rule, interfund transactions have been eliminated from the government-wide financial statements. Exceptions to this rule are payments in-lieu or charges for current service between the City’s enterprise activities and the City’s governmental activities. Elimination of these transactions would distort the direct costs and program revenues for the various functions. Certain eliminations have been made regarding interfund activities, payables, and receivables. All internal balances in the Statement of Net Position have been eliminated except those representing balances between the governmental activities and the business-type activities, which are presented as internal balances and eliminated in the total primary government column. Numerous transactions occur between funds of the City resulting in transfers and amounts due to or from other funds. Amounts due to or from are the current (due within one year) portion of monies that are to be paid or to be received from other funds. j. Long-Term Obligations In the government-wide and proprietary funds financial statements, long-term obligations are recorded as liabilities in the applicable governmental activities, business-type activities, or proprietary fund-type statement of net position. Bond premiums and discounts are deferred and amortized over the life of the debt. In the governmental fund financial statements, bond discounts and premiums are recognized as another financing source or use. Issuance costs are recorded as a current year debt service expenditure. k. Employee Compensated Absences The City records the cost of all accumulated and unused leave time (vacation, sick, and comp) as a liability when earned in the government-wide and proprietary funds financial statements. In the governmental funds financial statements these amounts are recorded as expenditures when due and payable. 177 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) l. Property Tax Revenue Property tax in California is levied according to Article 13-A of the California Constitution. The basic levy is a countywide-levy of one percent of total assessed valuation and is allocated to county governments, school districts, cities and special districts. Additional levies require two-thirds approval by voters and are allocated directly to the specific government. In the government-wide financial statements, property tax is recorded when earned, regardless of when levied, due, or received. City property tax revenues are recognized when levied in the governmental funds to the extent that they result in current receivables collectible within 60 days after year-end. The County acts as a collection agent for property tax for all of the local governmental units. Property taxes are normally collected twice per year. The property tax calendar is as follows:  Lien Date, January 1 - Prior Fiscal Year  Levy Date, July 1 - Levy Fiscal Year  Due Date, First Installment - November 1  Due Date, Second Installment - February 1  Delinquent Date, First Installment - December 10  Delinquent Date, Second Installment - April 10 178 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) m. Redevelopment Property Tax Trust Funds Under ABX1 26, revenues that were previously distributed to redevelopment agencies (prior to their dissolution) in the form of property tax increment will no longer be received. Instead, revenues are deposited by County Auditors into Redevelopment Property Tax Trust Funds (RPTTF) created in the County Treasury for each Successor Agency. The County Auditor administers the RPTTF and disburses twice annually from this fund pass-through payments to affected taxing entities, an amount equal to the total of obligation payments that are required to be paid from tax increment as denoted on the Recognized Obligation Payment Schedules (ROPS) to Recognized Obligation Retirement Funds (RORF) established in the treasury of the Successor Agencies, and various allowed administrative fees and allowances. Any remaining balance is then distributed by the County Auditor back to affected taxing entities under a prescribed method that accounts for pass-through payments. The calendar for distribution of RPTTF funds is as follows:  Annual ROPS submission due to Department of Finance, February 1  Distribution of RPTTF to Successor Agencies for the July-December ROPS period, June 1  Distribution of RPTTF to Successor Agencies for the January-June ROPS period, January 2 n. Cash Flow Statements For purposes of the Statement of Cash Flows, the Proprietary Funds consider all cash and investments to be cash equivalents, as these funds participate in the citywide cash and investment pool. o. Estimates The accompanying financial statements require management to make estimates and assumptions that effect certain reported amounts and disclosures. Actual results could differ from those estimates. 179 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) p. Pensions and OPEB For purposes of measuring the net pension liability, net OPEB liability, related deferred outflows of resources and deferred inflows of resources, pension/OPEB expense, information about the fiduciary net position of the Plan and additions to/deductions from the Plan’s fiduciary net position have been determined on the same basis as they are reported by the CalPERS’ Financial Office and the City’s Defined Benefit Pension Plan. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value. GASB Statement Nos. 68 and 75 require reported results to pertain to liability and asset information within certain defined timeframes. For this report, the following timeframes are used. Supplemental Employee Retirement Plan CalPERS Pension Plans Other Post-Employment Benefit Plan Valuation Date (VD)June 30, 2019 June 30, 2019 June 30, 2019 Measurement Date (MD) June 30, 2021 June 30, 2020 June 30, 2020 Measurement Period (MP) July 1, 2020 to June 30, 2021 July 1, 2019 to June 30, 2020 July 1, 2019 to June 30, 2020 180 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) q. Fair Value Measurements Certain assets and liabilities are required to be reported at fair value. The fair value framework provides a hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of fair value hierarchy are described as follows: Level 1 - Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly and fair value is determined through the use of models or other valuation methodologies including: Quoted prices for similar assets or liabilities in active markets; Quoted prices for identical or similar assets or liabilities in markets that are inactive; Inputs other than quoted prices that are observable for the asset or liability; Inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 - Inputs to the valuation methodology are unobservable and significant to the fair value measurement. These unobservable inputs reflect the City’s own assumptions about the inputs market participants would use in pricing the asset or liability (including assumptions about risk). These unobservable inputs are developed based on the best information available in the circumstances and may include the City’s own data. 181 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 2. CASH AND INVESTMENTS Investments Authorized by the California Government Code and the City’s Investment Policy The table below identifies the investment types that are authorized for the City by the California Government Code (or the City’s investment policy, where more restrictive). The table also identifies certain provisions of the California Government Code Section 53601 (or the City’s investment policy, where more restrictive) that address interest rate risk and concentration of credit risk. This table does not address investments of debt proceeds held by bond trustees that are governed by the provisions of debt agreements of the City, rather than the general provisions of the California Government Code or the City’s investment policy. INVESTMENT TYPE  MAXIMUM MATURITY MAXIMUM SPECIFIED % OF PORTFOLIO  / MAXIMUM PER ISSUER MINIMUM RATING  REQUIREMENTS Bankers' Acceptances 180 days 25% (up to 40% with Council approval) /  10%A1/P1, "A" Rating Negotiable Certificates of Deposit 3 years (Up to 5 years  with Council approval 30% / 10%A1/P1, "A" Rating Commercial Paper 270 days 25% / 10%A1, "A" Rating State Obligations ‐ CA And Others 5 years None / 10%"A" Rating City/Local Agency of CA Obligations 5 years None / 10%"A" Rating U.S. Treasury Obligations 5 years None None U.S. Government Agency Obligations 5 years None None IBRD, IFC, IADB 5 years 10%"AA" Rating Repurchase Agreements 3 Months None None Reverse Repurchase Agreements  92 days 20% of the base value of the portfolio.  Requires City Council Approval.None Medium‐Term Corporate Notes 5 years 30% / 10%"A" Rating Non‐negotiable Certificates of Deposit 3 years None / 10%A1/P1, "A" Rating Money Market Mutual Funds 60 days 15% / 10%"AAA" Rating Local Agency Investment Fund (LAIF) N/A Up to $75,000,000 None Orange County Investment Pool (OCIP) N/A Up to $75,000,000 None Joint Powers Authority N/A None / $20,000,000 See 10.0N of IPS 182 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 2. CASH AND INVESTMENTS (Continued) Investments Authorized by Debt Agreements Investments of debt proceeds held by bond trustee are governed by provisions of the debt agreements, rather than the general provisions of the California Government Code or the City’s investment policy. The table below identifies the investment types that are authorized for investments held by a bond trustee, but bond indentures do allow for other forms of investments if approved in writing by the bond insurer that are not identified below. The table also identifies certain provisions of these debt agreements that address interest rate risk and concentration of credit risk. Authorized Investment Type Maximum Maturity Maximum  Percentage  of Portfolio Maximum  Investment  in One Issuer U.S. Treasury Securities 5 Years No Limit No Limit Federal Agency Securities 5 Years No Limit No Limit Bankers' Acceptances 180 Days No Limit No Limit Time CDs 360 Days No Limit No Limit Negotiable CDs 360 Days No Limit No Limit LAIF N/A No Limit No Limit Commercial Paper 270 Days No Limit No Limit Municipal Bonds from Any State Life of Bond No Limit No Limit Money Market Funds N/A No Limit No Limit Investment Agreements Life of Bond No Limit No Limit Corporate Bonds 5 Years No Limit No Limit California Asset Mgmt. Program N/A No Limit No Limit Forward Purchase/Delivery Agreements Life of Bond No Limit No Limi t 183 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 2. CASH AND INVESTMENTS (Continued) Investment of the Pension Trust Fund – Retirement Supplemental Fund The Investment Policy Statement (IPS) of the Huntington Beach Supplemental Pension Trust is established in accordance with the assignment of fiduciary duties by the State of California Constitution and State and Local Government Codes. The purpose of the Investment Policy is to set guidelines for a prudent investment-making process. The policy was established with the assumption that the longer-term nature of the portfolio provides for higher risk tolerance and short-term volatility, but more potential for capital growth. The Investment Manager will be responsible for carrying out the activities related to the portfolio in accordance with the IPS to meet the goals of an agreed upon risk/return profile, and in accordance with the mix of parameters outlined below: Authorized Investment Type Minimum  Allocation Target Asset  Allocation Maximum  Allocation Cash or Equivalents 0% 0% 10% Money Market 0% 0% 10% Fixed Income 30% 40% 50% Intermediate Bond 30% 40% 50% Short‐Term Bond 0% 0% 10% Long‐Term Bond 0% 0% 10% High Yield Bond 0% 0% 10% Inflation Protected Bond 0% 0% 10% World Bond 0% 0% 10% Domestic Equity 17% 27% 37% Large Cap Equity (Value, Blend, Growth) 8% 18% 28% Mid Cap Equity (Value, Blend, Growth) 0% 6% 16% Small Cap Equity (Value, Blend, Growth) 0% 3% 13% Foreign Equity 11% 21% 31% Foreign Large Equity (Value, Blend, Growth) 7% 17% 27% Foreign Sm / Mid Equity (Value, Growth) 0% 0% 10% Emerging Markets 0% 4% 14% Real Estate 0% 10% 20% Real Estate 0% 10% 20% Commodities 0% 2% 12% Natural Resources 0% 2% 12% 184 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 2. CASH AND INVESTMENTS (Continued) At year-end, the City had the following deposits and investments (amounts in thousands): Disclosures Relating to Interest Rate Risk Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair value is to changes in market interest rates. One of the ways that the City manages its exposure to interest rate risk is by purchasing a combination of shorter term and longer term investments and by timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations. Information about the sensitivity of the fair values of the City’s investments, including investments held by bond trustees, to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity (in thousands). Primary Government: Cash and Investments 315,380$ Cash and Investments with Fiscal Agent 9,902 Total Primary Government 325,282 Fiduciary Funds: Cash and Investments 11,140 Cash and Investments with Fiscal Agent 76,208 Total Fiduciary Funds 87,348 Total Deposits and Investments 412,630$ INVESTMENTS: Fair Value Less than 1 1 to 3 3 to 5 More than 5 Total US Treasuries 13,129$ -$ 3,065$ 10,064$ -$ 13,129$ US Agency Securities*113,063 10,018 32,424 70,621 - 113,063 Mutual Funds 69,928 69,928 - - - 69,928 Money Market Funds 1,578 1,578 - - - 1,578 Medium Term Notes - IADB 30,616 - 15,596 15,020 - 30,616 Corporate Bonds 45,968 18,155 23,806 4,007 - 45,968 Local Agency Investment Fund 44,677 44,677 - - - 44,677 Orange County Investment Pool 65,337 65,337 - - - 65,337 California Asset Mgmt Program 2,773 2,773 - - - 2,773 PARS Pension Rate Stabilization Program 11,378 11,378 - - - 11,378 Total Investments 398,447$ 223,844$ 74,891$ 99,712$ -$ 398,447 Total Deposits 14,183 Total Deposits and Investments 412,630$ * Security is callable, but classified above according to original maturity date Investment Maturities (In Years) 185 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 2. CASH AND INVESTMENTS (Continued) Disclosures Relating to Credit Risk Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Presented below are the minimum ratings required by, where applicable, the California Government Code or the City’s investment policy, or debt agreements, and the actual rating as of the year-end for each investment type (in thousands): Concentration of Credit Risk The City’s investment policy limits investments in any one issuer, except for U.S. Treasury Securities, U.S. Government Agencies and the Local Agency Investment Fund, to no more than 10% of the portfolio. In addition, no more than 50% can be invested in a single security type or with a single financial institution and every security type has a specific limit. This is in addition to the limits placed on investments by State law. Investments in any one issuer (other than U.S. Treasury Securities, external investment pools, or Money Market Funds) that represent 5% or more of the City’s total investments are as follows (in thousands): Fair Value Issuer Investment Type Amount Federal Home Loan Bank U.S. Agency Securities 73,200$ Federal Home Loan Mortgage Corporation U.S. Agency Securities 16,313$ Inter-American Development Bank Medium Term Notes 15,596$ Remaining as of Year End INVESTMENTS: Minimum Legal Rating Total AAA AA A BBB+ Not Rated US Treasuries N/A 13,129$ 13,129$ -$ -$ -$ -$ US Agency Securities*N/A 113,063 113,063 - - - - Mutual Funds N/A 69,928 - - - - 69,928 Money Market Funds AAA 1,578 1,578 - - - - Medium Term Notes - IADB AA 30,616 30,616 - - - - Corporate Bonds A 45,968 - 12,531 27,431 6,006 - Local Agency Investment Fund N/A 44,677 - - - - 44,677 Orange County Investment Pool N/A 65,337 - - - - 65,337 California Asset Mgmt Program N/A 2,773 2,773 - - - - PARS Pension Rate Stabilization Program N/A 11,378 - - - - 11,378 Total Investments 398,447$ 161,159$ 12,531$ 27,431$ 6,006$ 191,320$ Note: All US Agencies are rated AAA by Moody's and AA by S&P 186 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 2. CASH AND INVESTMENTS (Continued) Custodial Credit Risk Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a government will not be able to recover its deposits or will not be able to recover collateral securities that are in the possession of an outside party. The custodial credit risk for investments is the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a government will not be able to recover the value of its investment or collateral securities that are in the possession of another party. The California Government Code and the City’s investment policy do not contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits or investments, other than the following provisions for deposits: The California Government Code requires that a financial institution secure deposits made by state or local governmental units by pledging securities in an undivided collateral pool held by a depository regulated under state law (unless so waived by the governmental unit). The fair value of the pledged securities in the collateral pool must equal at least 110 percent of the total amount deposited by the public agencies. California law also allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150 percent of the secured public deposits. As of June 30, 2021, the City’s deposits with financial institutions were covered by FDIC up to $250,000, and the remaining amounts were collateralized as described above. None of the City’s investments were subject to custodial credit risk. Per the Investment Policy’s statement, the City of Huntington Beach is the registered owner of all investments in the portfolio. Investment in State Investment Pool The City is a voluntary participant in LAIF, which 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. 187 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 2. CASH AND INVESTMENTS (Continued) Investment in the Orange County Investment Pool The City is a participant in the County Treasurer’s Orange County Investment Pool (OCIP). The OCIP is an external investment pool, is not rated and is not registered with the Securities Exchange Commission (SEC). The County Treasury Oversight Committee conducts OCIP oversight. Cash on deposit in the OCIP at June 30, 2021 is stated at fair value. The OCIP values participant shares on an amortized cost basis during the year and adjusts to fair value at year-end. For further information regarding the OCIP, refer to the County of Orange Annual Comprehensive Financial Report. Investment in California Asset Management Program Pool The City is a voluntary participant in the California Asset Management Program (CAMP). CAMP is an investment pool offered by the California Asset Management Trust (the Trust). The Trust is a joint powers authority and public agency created by the Declaration of Trust and established under the provisions of the California Joint Exercise of Powers Act (California Government Code Sections 6500 et seq., or the “Act”) for the purpose of exercising the common power of its Participants to invest certain proceeds of debt issues and surplus funds. The Trust’s activities are directed by a Board of Trustees, all of whom are employees of the California public agencies which are participants in the Trust. The City reports investments in CAMP at the fair value amounts provided by CAMP, which is the same as the value of the pool share. The Pool is managed to maintain a dollar-weighted average portfolio maturity of 60 days or less and seeks to maintain a constant net asset value (NAV) per share of $1.00. The Pool invests in obligations of the United States Government and its agencies, high- quality, short-term debt obligations of U.S. companies and financial institutions. The Pool is a permitted investment for all local agencies under California Government Code Section 53601(p). CAMP is rated AAAm by Standard & Poor's. Investment in Public Agency Retirement Services Pension Rate Stabilization Program The City established a Section 115 pension trust account within the Public Agency Retirement Services Pension Rate Stabilization Program (PARS PRSP) to hold assets that are legally restricted for use in administering the City’s defined benefit pension plan. The pension trust fund’s specific cash and investments are managed by a third- party portfolio manager under guidelines approved by the City. 188 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 2. CASH AND INVESTMENTS (Continued) Fair Value Measurement The City categorizes its fair value investments within the fair value hierarchy established by generally accepted accounting principles. The City has the following recurring fair value measurements as of June 30, 2021 (in thousands): 3. OTHER RECEIVABLES A summary of Other Receivables as of June 30, 2021 is as follows (in thousands): INVESTMENTS: Level 1 Level 2 Level 3 Total U.S. Treasuries -$ 13,129$ -$ $ 13,129 U.S. Agency Securities - 113,063 - 113,063 Medium Term Notes - IADB - 30,616 - 30,616 Corporate Bonds - 45,968 - 45,968 Total Investments -$ 202,776$ -$ 202,776$ Fair Value Hierarchy Description Amount Developer Loans Receivable 39,286$ Emerald Cove Loan Receivable 6,640 Housing Rehabilitation Loans Receivable 2,207 First Time Homebuyers Receivable 1,446 Emergency Medical Fee Receivable 1,500 CDBG Program Receivable 1,076 Affordable Housing In-Lieu Receivable 84 Infrastructure Fund 209 Other Grants Receivable 1,586 Other Receivable 7,195 Total Other Receivables 61,229 Allowance for Uncollectible Developer Loans (39,286) Net Other Receivables on Governmental Fund Financial Statements 21,943$ Other Receivables Reconciliation Net Receivable on Government-wide Financial Statements 36,889$ Taxes Receivable on Governmental Fund Financial Statements (14,850) Other Receivables on Internal Service Fund (96) Net Other Receivables on Governmental Fund Financial Statements 21,943$ 189 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 3. OTHER RECEIVABLES (Continued) a. Developer Loans Loans made to developers to construct or rehabilitate certain facilities under deferred loan agreements total $39,286,000 at year-end. These loans are allowed until a future event occurs. Loans to the Low and Moderate Income Housing Asset Fund total $20,935,000, loans made under the Home Program total $14,040,000 and loans made under the Affordable Housing In-Lieu Program total $4,311,000. Interest rates on these loans range from 0% to 10%. The allowance for uncollectible developer loans is $39,286,000 due to the terms of the agreement to forgive the balance of loans after a specified time period if all the conditions of loan forgiveness are met. b. Emerald Cove Loan On June 15, 2010, the former Redevelopment Agency loaned Emerald Cove, LP $8,000,000 to acquire and rehabilitate Emerald Cove Senior Apartments. The loan has an interest rate of 3% and is to be repaid annually from residual receipts over 60 years. The loan was transferred to the Low and Moderate Income Housing Asset Fund in Fiscal Year 2011-12. The loan balance as of June 30, 2021 is $6,640,000. c. Housing Rehabilitation Loans Loans made to qualified homeowners and landlords in the City of Huntington Beach to rehabilitate certain single-family homes or multifamily rental housing under deferred loan agreements total $2,207,000 at year-end. These loans are deferred until a future event occurs. The interest rates on these loans range from 0% to 6%. d. Deferred Loans – First Time Homebuyers and Down Payment Assistance Loans made for down payment assistance of qualified first time homebuyers under deferred loan agreements total $1,446,000 at year-end. These loans are deferred until a future event occurs. 190 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 4. UNEARNED REVENUE Governmental and enterprise funds defer revenue recognition in connection with resources that have been received as of year-end, but not yet earned (unearned revenue). The amounts are as follows (in thousands): 5. UNAVAILABLE REVENUE Certain revenues in governmental funds are considered unavailable revenue until received. All revenues including property and sales tax are recognized in the year earned or levied in the government-wide financial statements, but are recorded as unavailable revenue in the fund financial statements to the extent they are not collected within 60 days after year-end. The amounts are as follows (in thousands): Deferred Loans to developers and qualified individuals for housing rehabilitation and to first time homebuyers are discussed in Note 3. Related Party Transaction related to the housing loan granted to the City Manager is discussed in Note 14. General Fund Grants Special Revenue Total Unearned Revenue Comm Services Unearned Revenue (Classes)1,020$ -$ 1,020$ Grants - 14,826 14,826 Total $ 1,020 $ 14,826 $ 15,846 General Fund Grants Special Revenue LMIHAF Other Governmental Funds Total Unavailable Revenue Grants -$ 2,214$ -$ -$ 2,214$ Deferred Loans: Emerald Cove - - 6,640 - 6,640 Housing Rehabilitation - 2,207 - - 2,207 First Time Homebuyers - - 1,446 - 1,446 Related Party Transaction (City Manager's Housing Loan)1,457 - - - 1,457 Other Unavailable Revenue 587 - - 209 796 Total 2,044$ 4,421$ 8,086$ 209$ 14,760$ 191 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL a. Summary Net Pension Liability Net Pension Liability is reported in the accompanying statement of net position as follows: Deferred Outflows of Resources Deferred Outflows of Resources are reported in the accompanying statement of net position as follows: Deferred Inflows of Resources Deferred Inflows of Resources are reported in the accompanying statement of net position as follows: Net Pension Liability CalPERS Miscellaneous Plan 160,441$ CalPERS Safety Plan 271,528 Supplemental Plan (Note 7)6,408 Total 438,377$ Deferred employer Investment earnings Differences between pension contributions less than Expected and made after expected earnings Actual Experience measurement date Total CalPERS Miscellaneous Plan 3,239$ -$ 150,880$ 154,119$ CalPERS Safety Plan 4,106 489 257,329 261,924 Total 7,345$ 489$ 408,209$ 416,043$ Differences between Changes Expected and in assumptions Actual Experience Total CalPERS Miscellaneous Plan -$ 3,587$ 3,587$ CalPERS Safety Plan 692 4,104 4,796 Supplemental Plan (Note 7)- 8,237 8,237 Total 692$ 15,928$ 16,620$ 192 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL (Continued) Pension expenses for the measurement period ending June 30, 2020 (the measurement date), are included in the accompanying financial statements as follows: b. Plan Description Substantially all City employees working the equivalent of 1,000 hours per fiscal year are eligible to participate in the Safety Plan and Miscellaneous Plan Agent multiple-employer defined benefit plans administered by California Public Employees Retirement System (CalPERS), which acts as a common investment and administrative agent for its participating member employers. Benefit Provisions under the Plans are established by State statutes within the Public Employee’s Retirement Law. Following the passage of AB340, Public Employees’ Pension Reform Act (PEPRA) by the California Legislature, employees hired on or after January 1, 2013, who were not previously enrolled in the PERS system elsewhere, or who have had a break in service of at least six months are required to be enrolled in this retirement program which provides a benefit level that is lower than the benefits provided for CalPERS employees that do not meet the PEPRA qualifications previously described. CalPERS issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website. Copies of the CalPERS annual financial report may be obtained from the CalPERS Executive Office – 400 P Street, Sacramento, CA 95814. Net Pension Expense CalPERS Miscellaneous Plan 14,962$ CalPERS Safety Plan 36,664 Supplemental Plan (Note 7) 5,381 Total 57,007$ 193 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL (Continued) Benefits Provided CalPERS provides retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and beneficiaries. Benefits are based on years of credited service, equal to one year of full time employment. Benefit provisions and all other requirements are established by State statute and may be amended by city contracts with employee bargaining groups. Participant is eligible for non-industrial disability retirement if becomes disabled and has at least 5 years of credited service. There is no special age requirement. The standard non-industrial disability retirement benefit is a monthly allowance equal to 1.8 percent of final compensation, multiplied by service. Industrial disability benefits are not offered to miscellaneous employees. The City provides industrial disability retirement benefit to safety employees. The industrial disability retirement benefit is a monthly allowance equal to 50 percent of final compensation. An employee's beneficiary may receive the basic death benefit if the employee dies while actively employed. The employee must be actively employed with the City to be eligible for this benefit. An employee's survivor who is eligible for any other pre- retirement death benefit may choose to receive that death benefit instead of this basic death benefit. The basic death benefit is a lump sum in the amount of the employee's accumulated contributions, where interest is currently credited at 7.5 percent per year, plus a lump sum in the amount of one month's salary for each completed year of current service, up to a maximum of six months' salary. For purposes of this benefit, one month's salary is defined as the member's average monthly full-time rate of compensation during the 12 months preceding death. Upon the death of a retiree, a one-time lump sum payment of $500 will be made to the retiree's designated survivor(s), or to the retiree's estate. Benefit terms provide for annual cost-of-living adjustments to each employee’s retirement allowance. Beginning the second calendar year after the year of retirement, retirement and survivor allowances will be annually adjusted on a compound basis by 2 percent. 194 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL (Continued) The Plans’ provisions and benefits in effect at June 30, 2021 are summarized as follows: Classic PEPRA Hire date Prior to January 1, 2013 January 1, 2013 and after Benefit formula 2.5% @ 55 2% @ 62 Benefit vesting schedule 5 years of service 5 years of service Benefit payments monthly for life monthly for life Retirement age minimum 50 years minimum 52 years Monthly benefits, as a % of eligible compensation 2.0% - 2.5%, 50 years - 63+ years, respectively 1.0% - 2.5%, 52 years - 67+ years, respectively Required employee contribution rates 8.000%6.250% Required employer contribution rates July 1, 2020 - June 30, 2021 38.855%38.855% Classic PEPRA Hire date Prior to January 1, 2013 January 1, 2013 and after Benefit formula 3% @ 50 2.7% @ 57 Benefit vesting schedule 5 years of service 5 years of service Benefit payments monthly for life monthly for life Retirement age minimum 50 years minimum 52 years Monthly benefits, as a % of eligible compensation 3%, 50+ years 2.0% - 2.7%, 50 years - 57+ years, respectively Required employee contribution rates 9.000%11.750% Required employer contribution rates July 1, 2020 - June 30, 2021 60.780%60.780% Miscellaneous Agent Plans Safety Agent Plans 195 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL (Continued) c. Contributions Section 20814(c) of the California Public Employees’ Retirement Law (“PERL”) requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. 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. For the measurement period ended June 30, 2020, miscellaneous participants under the Classic and PEPRA plans are required to contribute 8% and 6.25% of their annual covered salary, respectively. Safety participants under the Classic and PEPRA plans are required to contribute 9% and 11.75% of their annual covered salary, respectively. In addition, the City is required to make employer contributions at the actuarially determined rates of 38.855% and 60.780% for the miscellaneous and safety plans, respectively, for the period July 1, 2020 through June 30, 2021. At June 30, 2019, the valuation date, the following employees were covered by the benefit terms for each Plan: Miscellaneous Safety Active members 593 377 Transferred members 439 79 Terminated members 329 58 Retired members and beneficiaries 1003 610 196 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL (Continued) d. Net Pension Liability The City’s net pension liability 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, 2020, using an annual actuarial valuation as of June 30, 2019 rolled forward to June 30, 2020 using standard update procedures. A summary of principal assumptions and methods used to determine the net pension liability is illustrated below: Actuarial Assumptions – The total pension liabilities in the June 30, 2019 actuarial valuation, rolled forward to June 30, 2020 using standard update procedures, were determined using the following actuarial assumptions: Actuarial Methods and Assumptions Used to Determine Total Pension Liability Actuarial Cost Method Entry Age Normal in accordance with the requirement of GASB Statement No. 68 Actuarial Assumptions: Discount Rate Inflation Salary Increases Investment Rate of Return 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 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of 90% of Scale MP-2016 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and projected mortality improvement using Review of Actuarial Assumptions report from December 2017 that can be found on the CalPERS website. 7.15% Net of Pension Plan Investment and Administrative Expenses; includes Inflation Derived using CalPERS’ Membership Data for all Funds. The lesser of contract COLA or 2.50% until Purchasing Power Protection Allowance floor on purchasing power applies, 2.50% thereafter. 7.15% 2.50% Varies by Entry Age and Service 197 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL (Continued) 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 as well as the expected pension fund cash flows. Using historical returns of all of the funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the rounded single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses. The expected real rates of return by asset class are as follows: Current Target Real Return Real Return Asset Class1 Allocation Years 1-102 Years 11+3 Global Equity 50.00%4.80%5.98% Fixed Income 28.00%1.00%2.62% Inflation Assets 0.00%0.77%1.81% Private Equity 8.00%6.30%7.23% Real Estate 13.00%3.75%4.93% Liquidity 1.00%0.00%-0.92% 1 In the System's ACFR, Fixed Income is included in Global Debt Securities; Liquidity is included in Short-term Investments; Inflation Assets are included in both Global Equity Securities and Global Debt Securities. 2 An expected inflation of 2.00% used for this period 3 An expected inflation of 2.92% used for this period. 198 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL (Continued) Discount Rate – The discount rate used to measure the total pension liability at June 30, 2020 was 7.15 percent. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made at statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long- term expected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability. Subsequent Events – There were no subsequent events that would materially affect the results presented in this disclosure. e. Changes in the Net Pension Liability The following table shows the changes in net pension liability recognized over the measurement period: Total Pension Liability Plan Fiduciary Net Position Net Pension Liability Balance at June 30, 2019 (Valuation Date) 591,598$ 432,522$ 159,076$ Changes in the year: Service cost 7,779 - 7,779 Interest on the total pension liabilities 41,058 - 41,058 Differences between expected and actual experience (6,087) - (6,087) Benefit payments, including refunds of members contributions (30,321) (30,321) - Contributions - employer - 16,879 (16,879) Contributions - employee - 3,630 (3,630) Net investment income - 21,486 (21,486) Administrative expenses - (610) 610 Net changes 12,429 11,064 1,365 Balance at June 30, 2020 (Measurement Date)604,027$ 443,586$ 160,441$ Total Pension Liability Plan Fiduciary Net Position Net Pension Liability Balance at June 30, 2019 (Valuation Date) 782,327$ 518,645$ 263,682$ Changes in the year: Service cost 13,226 - 13,226 Interest on the total pension liabilities 54,597 - 54,597 Differences between expected and actual experience (4,721) - (4,721) Benefit payments, including refunds of members contributions (41,247) (41,247) - Contributions - employer - 25,848 (25,848) Contributions - employee - 4,355 (4,355) Net investment income - 25,784 (25,784) Administrative expenses - (731) 731 Net changes 21,855 14,009 7,846 Balance at June 30, 2020 (Measurement Date)804,182$ 532,654$ 271,528$ Miscellaneous Plan Safety Plan 199 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL (Continued) Sensitivity of the Net Pension Liability to Changes in the Discount Rate - The following presents the City’s net pension liability, calculated using the discount rate, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate: Pension Plan Fiduciary Net Position – Detailed information about each pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports. Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions As of the start of the measurement period (July 1, 2019), the net pension liability was $159,076,000 for the Miscellaneous Plan and $263,682,000 for the Safety Plan. For the measurement period ending June 30, 2020 (the measurement date), the City incurred a pension expense of $14,962,000 and $36,664,000 for the Miscellaneous and Safety Plans, respectively. The amortization period differs depending on the source of the gain or loss. The difference between projected and actual earnings is amortized over 5-years straight line. All other amounts are amortized straight-line over the average expected remaining service lives of all members that are provided with benefits (active, inactive and retired) as of the beginning of the measurement period. Discount Rate - 1%Current Discount Discount Rate + 1% (6.15%)Rate (7.15%)(8.15%) Miscellaneous Plan 237,719$ 160,441$ 96,583$ Safety Plan 376,752 271,528 184,923 Aggregate Total 614,471$ 431,969$ 281,506$ Plan's Aggregate Net Pension Liability/(Asset) 200 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL (Continued) The Expected Average Remaining Service Lifetime (“EARSL”) is calculated by dividing the total future service years of active employees by the total number of plan participants (active, inactive, and retired) in the risk pool. For the 2019-20 measurement period, the EARSL for each plan is as follows: At June 30, 2021 the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Miscellaneous Safety Expected Average Remaining Service Lifetime 2.4 3.9 Miscellaneous Plan Deferred outflows Deferred inflows of Resources of Resources Difference between projected and actual earning on pension plan investments 3,239$ -$ Difference between expected and actual experience - (3,587) Contributions made subsequent to the measurement date 150,880 - Total 154,119$ (3,587)$ Safety Plan Deferred outflows Deferred inflows of Resources of Resources Difference between projected and actual earning on pension plan investments 4,106$ -$ Changes in assumptions - (692) Difference between expected and actual experience 489 (4,104) Contributions made subsequent to the measurement date 257,329 - Total 261,924$ (4,796)$ 201 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 6. RETIREMENT PLAN – NORMAL (Continued) For the Miscellaneous Plan and Safety Plan, $150,880,000 and $257,329,000, respectively, was reported as deferred outflows of resources related to pensions resulting from City’s contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2022. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows: 7. RETIREMENT PLAN – SUPPLEMENTAL a. Plan Description and Benefits The City administers a supplemental single-employer defined benefit retirement plan (Supplemental Plan) for all employees hired prior to 1997 (exact dates are different for various associations). The Plan is governed by a three-member Supplemental Employee Retirement Plan and Trust Board consisting of the City Treasurer, Chief Financial Officer, and the City Manager, or his/her designee. The Board has the authority, under the terms of the Trust agreement, to control and manage the operation and administration of the Plan. Benefit provisions are established and may be amended through negotiations between the City and employee bargaining associations during each bargaining period, which are then approved through resolutions of the City Council. In fiscal year 2008-09, the City established the Supplemental Employee Retirement Plan and Trust, and transferred $24,918,000 to an irrevocable trust from the prefunded amounts. The plan and trust are reported as a pension trust fund in the City’s financial statements on a full accrual basis. Measurement Periods Ended June 30,Miscellaneous Safety 2021 (4,427)$ (3,860)$ 2022 101 (67) 2023 2,183 1,555 2024 1,795 2,171 (348)$ (201)$ Deferred Outflows/ (Inflows) of Resources 202 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 7. RETIREMENT PLAN – SUPPLEMENTAL (Continued) The Supplemental Plan will pay the retiree an additional amount to his or her CalPERS retirement benefit for life. In order to be eligible for the benefit, the retiree must retire from the City. The amount that is computed as a factor of an employee’s normal retirement allowance is computed at retirement and remains constant for his or her life. This benefit is payable by the City for the duration of the life of the member, and shall cease upon the employee’s death. As of June 30, 2019, the date of the Plan’s most recent actuarial valuation, the average monthly benefit received by inactive plan members and beneficiaries receiving benefits is $625. Effective in 1998 (exact dates are different for various associations), new City employees are ineligible to participate in the Supplemental Employee Retirement Plan. Employees Covered: At June 30, 2021, the measurement date, the following employees were covered by the benefit terms for the Plan: b. Employer Contributions The City’s policy is to make required contributions as determined by the Supplemental Plan’s actuary. The required contributions were determined as part of the September 30, 2018 actuarial valuation. The City is required to contribute the actuarially determined rate of 2.5% of total payroll for all permanent employees for the year ended June 30, 2021. There are no employee contributions required for the plan. Survivor and termination benefits are not included in the plan. Administrative costs of this plan are financed through investment earnings. For the year ended June 30, 2021, the contributions were (in thousands): Contributions - employer 1,435$ Inactive employees receiving benefits 753 Active employees 65 Total 818 203 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 7. RETIREMENT PLAN – SUPPLEMENTAL (Continued) c. Investments Investments of the Supplemental Plan are held separately from those of other City funds by investment custodians. The Supplemental Employee Retirement Plan and Trust Board is responsible for supervising all investments. Changes to the Investment Policy require approval by the Board. The policy remained the same as last fiscal year. The most recent policy was reviewed in June 2021 with an effective date of July 1, 2021. Please refer to Note 2 for a detailed description of the Supplemental Plan’s Investment Policy. The major asset class allocation for the Supplemental Plan as of June 30, 2021 is listed below: Quoted market prices have been used to value investments as of June 30, 2021. These investments are held by the Trust or by an agent in the Trust’s name. A portion of these investments is subject to credit risk (including custodial credit risk and concentrations of credit risk), interest rate risk and/or foreign currency risk. The Governmental Accounting Standards Board (GASB) Statement No. 40 requires the disclosure of such risk. Please see below for a list of investments held in any one organization that represents five percent or more of the Plan’s investment portfolio at June 30, 2021: Asset Class Strategic Allocation Allocation as of June 30,2019 Long-Term Expected Rate of Return Fixed Income 40.00%38.36%1.55% Equities 27.00%56.08%5.35% Real Estate 10.00%4.95%0.00% Commodities 2.00%0.00%0.00% Cash and Equivalents 0.00%0.61%0.45% Total 79.00%100.00% AssetsVanguard International Growth Adm 17.22% Fidelity® US Bond Index 14.11% DoubleLine Total Return Bond I 10.08% PGIM Total Return Bond R6 10.06% Harbor Capital Appreciation Inst 8.13% Parnassus Core Equity Institutional 7.78% Vanguard Equity-Income Adm 7.51% Concentration of Investments Equaling or Exceeding 5% 204 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 7. RETIREMENT PLAN – SUPPLEMENTAL (Continued) All Supplemental Plan investments are reflected in the schedule included in Section c of the Note, with the exception of amounts held in the City’s investment pool account. The City maintains an investment pool account for City funds. Monthly contributions for the Plan are held in the City’s investment pool account and are used to pay recurring expenditures. Refer to Note 2 for a description of the City’s investments. For the year ended June 30, 2021, the annual money-weighted rate of return on the Plan’s investments, net of pension plan investment expenses, was 26.88%. The money-weighted rate of return expresses investment performance, net of investment expenses, adjusted for the changing amounts actually invested. d. Net Pension Liability The City’s net pension liability 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, 2021, using an annual actuarial valuation as of June 30, 2020 rolled forward to June 30, 2021 using standard update procedures. A summary of principal assumptions and methods used to determine the City’s net pension liability is shown on the following page. 205 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 7. RETIREMENT PLAN – SUPPLEMENTAL (Continued) Actuarial Assumptions – The total pension liabilities in the June 30, 2019 actuarial valuations for the June 30, 2021 measurement date were determined using the following actuarial assumptions: The changes in actuarial assumptions include the following: All other actuarial assumptions used in the June 30, 2019 valuation were based on the results of an actuarial experience study for the period from 1997 to 2015, including updates to salary increase, mortality, and retirement rates. The future service retirement liabilities load increased from 15% to 23% to reflect recent experience of benefits being larger than anticipated. e. Discount Rate & Sensitivity The discount rate is used in the measurement of the Total Pension Liability. This rate considers the ability of the fund to meet benefit obligations in the future. To make this determination, employee contributions, benefit payments, expenses, and investment returns are projected into the future. The Plan Net Position (assets) in future years can then be determined and compared to its obligation to make benefit payments in those years. As long as assets are projected to be on hand in a future year, the assumed valuation discount is used. For this valuation, the discount rate is 5.25%, based on the inflation assumption of 2.50% and a long-term asset allocation of 70% equities and 30% fixed income. The geometric real rates of return were assumed to be 5.35% for equities and 1.55% for fixed income. The long-term expected rate of return is applied to all future projected benefit payments. Actuarial Methods and Assumptions Used to Determine Total Pension Liability Actuarial Cost Method Entry Age Normal, Level Percentage of Payroll Actuarial Assumptions: Discount Rate 5.25% Inflation 2.50% Salary Increases CalPERS 1997-2015 Experience Study plus 2.75% aggregate increase Investment Rate of Return 5.25% Net of Investment Expenses Mortality Rate Table Retirement, Disability, Withdrawal CalPERS 1997-2015 Experience Study plus 23% load on future service retirement liability added to reflect recent benefits experience. CalPERS 1997-2015 Experience Study, mortality projected fully generational with Scale MP-2019 206 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 7. RETIREMENT PLAN – SUPPLEMENTAL (Continued) According to Paragraph 30 of Statement 68, the long-term discount rate should be determined without reduction for pension plan administrative expense. An investment return excluding administrative expenses would have been 6.25 percent. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. In determining the long-term expected rate of return, both short-term and long-term market return expectations were taken into account along with expected pension fund cash flows. Such cash flows were developed assuming that both members and employers will make their required contributions on time and as scheduled in all future years. Using historical returns of all the funds’ asset classes, expected compound (geometric) returns were calculated over the short-term (first 10 years) and the long-term (11-60 years) using a building-block approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating the single equivalent expected return that arrived at the same present value of benefits for cash flows as the one calculated using both short-term and long-term returns. The expected rate of return was then set equivalent to the single equivalent rate calculated above and rounded down to the nearest one quarter of one percent. 207 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 7. RETIREMENT PLAN – SUPPLEMENTAL (Continued) Changes in the Net Pension Liability The following table shows the changes in net pension liability recognized over the measurement period (in thousands): Sensitivity of the Net Pension Liability to Changes in the Discount Rate - The following presents the City’s net pension liability, calculated using the discount rate, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate: Discount Rate - 1% (4.25%) Current Discount Rate (5.25%) Discount Rate + 1% (6.25%) 14,397$ 6,408$ (368)$ Plan's Aggregate Net Pension Liability/(Asset) (in thousands) Total Pension Liability Plan Fiduciary Net Position Net Pension Liability Balance at June 30, 2020 71,074$ 59,017$ 12,057$ Changes in the year: Service cost 350 - 350 Interest on the total pension liabilities 4,292 - 4,292 Changes of Assumptions 6,547 - 6,547 Benefit payments, including refunds of members contributions (5,494) (5,494) - Contributions - employer - 1,435 (1,435) Net investment income - 15,717 (15,717) Administrative expenses - (314) 314 Net changes 5,695 11,344 (5,649) Balance at June 30, 2021 76,769$ 70,361$ 6,408$ Supplemental Plan 208 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 7. RETIREMENT PLAN – SUPPLEMENTAL (Continued) f. Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions For the year ended June 30, 2021, the City recognized pension expense in the amount of $5,381,000 for the Supplemental Plan. At June 30, 2021, the City reported deferred inflows of resources related to the supplemental pension plan from the following source (in thousands): For the Supplemental Plan, $8,237,000 was reported as deferred inflows of resources related to pensions which will be recognized in pension expense as follows (in thousands): Deferred Outflows / (Inflows) Year Ended June 30,of Resources 2022 (1,825)$ 2023 (1,908) 2024 (2,097) 2025 (2,407) (8,237)$ Deferred Inflows of Resources Difference between projected and actual earnings on (8,237)$ pension plan investments 209 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 8. OTHER POST EMPLOYMENT BENEFITS a. Plan Description The City administers the following two other post employment benefit (OPEB) plans: Postemployment Medical Insurance The City agreed, via contract, with each employee association to provide postemployment medical insurance to retirees. These Other Postemployment Benefits (OPEB) are based on years of service and are available to all retirees who meet all three of the following criteria: At the time of retirement, the employee is employed by the City. At the time of retirement, the employee has a minimum of ten years of service credit or is granted a service connected disability retirement. Following official separation from the City, CalPERS grants a retirement allowance. The City’s obligation to provide the benefits to a retiree ceases when either of the following occurs: During any period the retiree is eligible to receive health insurance at the expense of another employer; and/or The retiree becomes eligible to enroll automatically or voluntarily in Medicare. The subsidy a retiree is entitled to receive is based on the retiree’s years of service credit and is limited to $344 per month after 25 years of service. If a retiree dies, the benefits that would be payable for his or her insurance are provided to the spouse or family for 12 months. The retiree may use the subsidy for any of the medical insurance plans that the City’s active employees may enroll in. Employees hired on or after October 1, 2014 are not eligible for this benefit. PEMHCA The City provides an agent multiple-employer defined benefit healthcare plan to retirees through CalPERS under the California Public Employees Medical and Hospital Care Act (PEMHCA), commonly referred to as PERS Health. PEMHCA provides health insurance through a variety of Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO) options. The PEMHCA benefits are applied to all safety employee groups, based on retirement plan election. The benefits continue to the surviving spouse for one year. The Huntington Beach Firefighters’ Association (HBFA) joined PEMHCA in 2011. All other safety groups - Fire Management Association (FMA), Marine Safety Management Association (MSOA), Police Management Association (PMA), and Police Officers’ Association POA) - joined in 2004. 210 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 8. OTHER POST EMPLOYMENT BENEFITS (Continued) Safety employees are eligible for PEMHCA benefits if they retire from the City on or after age 50 with at least five years of service or disability, and are eligible for a PERS pension. As of the June 30, 2020 measurement date, the following current and former employees were covered by the benefit terms under the plan: b. Accounting and Funding The City utilizes the California Employers’ Retiree Benefit Trust (CERBT), an agent multiple-employer plan, for the postemployment medical insurance benefit. Benefits paid from the CERBT were $842,000 for year ended June 30, 2021. The assets of the CERBT are excluded from the accompanying financial statements since they are in an irrevocable trust administered by CalPERS. Copies of CalPERS’ annual financial report may be obtained from their executive office: 400 P Street, Sacramento, CA, 95814 or on their website: www.calpers.ca.gov. The City’s policy is to make 100% of each year’s ARC, with an additional amount to prefund benefits as determined annually by City Council in order to improve the funded status of the plan. For PEMHCA, the City selected the “unequal” method for the contribution. Under this method, the City offered a lesser contribution for retirees than for active employees. The City paid the PEMHCA minimum for actives ($136 in 2019, $139 in 2020, and $143 in 2021). Beginning in 2008, Assembly Bill 2544 changed the computation for annual increases to annuitant health care under the unequal method. Under the new provisions, the City increases annuitant health care contributions equal to an amount not less than five percent of the active employee contributions, multiplied by the number of years in PEMHCA. The City’s contribution for retirees is $71.50 per employee for the Huntington Beach Firefighter’s Association (HBFA) and $121.55 for all other Safety groups in 2021. The annual increase in minimum PEMHCA contribution to CalPERS will continue until the time that the City contribution for retirees equals the City contribution paid for active employees. Postemployment Medical Insurance PEMHCA Retirees and beneficiaries receiving benefits 263 189 Inactive employees not yet receiving benefits 301 - Active Plan Members 861 384 Total Plan Participants 1,425 573 211 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 8. OTHER POST EMPLOYMENT BENEFITS (Continued) The City’s net OPEB liability was measured as of June 30, 2020 and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation dated June 30, 2019, based on the following actuarial methods and assumptions:  Actuarial Cost Method – Entry Age Normal  Discount rate – 6.25%  Projected salary increases for covered employees due to inflation – aggregate increases of 3.00% per annum  Investment Rate of Return – 6.25%, assuming actuarially determined contributions funded into CERBT Investment Strategy 2  Mortality Rate1 – Derived using CalPERS’ membership data for all funds  Pre-Retirement Turnover2 – Derived using CalPERS’ membership data for all funds  PEMCHA minimum increases for actives - $145 in 2021, with 4.25% annual increases thereafter  Healthcare Trend Rate – The medical trend rate represents the long-term expected growth of medical benefits paid by the plan, due to non-age-related factors such as general medical inflation, utilization, new technology, and the like. The following table sets for the inflation trend assumption used for the valuation: 1 Mortality information was derived from data collected during 1997 to 2015 CalPERS Experience Study dated December 2017, which may be accessed on the CalPERS website www.calpers.ca.gov under Forms and Publications. Post- retirement mortality rates include mortality projected fully generational with Scale MP-19. 2. The pre-retirement turnover information was developed based on CalPERS’ specific data. For more details, please refer to the 2007 to 2011 Experience Study Report. The Experience Study Report may be accessed on the CalPERS website www.calpers.ca.gov under Forms and Publications. Calendar Calendar Year Non-Medicare Medicare Year Non-Medicare Medicare 2021 7.25%6.30%2029 5.40% 4.85% 2022 7.00%6.10%2030 5.20% 4.70% 2023 6.75%5.90%2031-35 5.05% 4.60% 2024 6.50%5.70%2036-45 4.90% 4.50% 2025 6.25%5.50%2046-55 4.75% 4.45% 2026 6.00%5.30%2056-65 4.60% 4.40% 2027 5.80%5.15%2066-75 4.30% 4.20% 2028 5.60%5.00%2076+ 4.00% 4.00% Annual RateAnnual Rate 212 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 8. OTHER POST EMPLOYMENT BENEFITS (Continued) Long-Term Expected Rate of Return The long-term expected rate of return on OPEB plan investments was determined using a building-block method in which 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. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table: Discount Rate The discount rate used to measure the total OPEB liability was 6.25 percent. The projection of cash flows used to determine the discount rate assumed that City contributions will be made at rates equal to the actuarially determined contribution rates. Based on those assumptions, the OPEB plan’s fiduciary net position was projected to be available to make all projected OPEB payments for current active and inactive employees and beneficiaries. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability. Asset Class Target Allocation Long-Term Expected Real Rate of Return Global Equity 40%4.82% Fixed Income 43%1.47% Treasury Inflation-Protected Securities ("TIPS") 5%1.29% Commodities 4%0.84% Real Estate Investment Trusts ("REITS")8%3.76% Total 100% * Long-term expected rate of return is 6.25% CERBT Strategy 2 213 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 8. OTHER POST EMPLOYMENT BENEFITS (Continued) The changes in the net OPEB Liability for the plan are as follows (in thousands): Sensitivity of the Net OPEB Liability to Changes in the Discount Rate The following presents the net OPEB liability of the City if it were calculated using a discount rate that is one percentage point lower or one percentage point higher than the current rate, for the measurement period ended June 30, 2020 (in thousands): 1% Decrease Current Discount Rate 1% Increase (5.25%)(6.25%)(7.25%) Net OPEB Liability 7,368$ 3,220$ (178)$ Total OPEB Liability Plan Fiduciary Net Position Net OPEB Liability / (Asset) (a)(b)(c) = (a) - (b) Balance at June 30, 2020 32,845$ 29,193$ 3,652$ (Measurement Date June 30, 2019) Changes recognized for the measurement period: Service Cost 1,096 - 1,096 Interest 2,064 - 2,064 Assumption Changes (298) - (298) Contributions - Employer - 1,959 (1,959) Net Investment Income - 1,580 (1,580) Benefit Payments (1,848) (1,848) - Administrative Expenses - (245) 245 Net Changes 1,014 1,446 (432) Balance at June 30, 2021 33,859$ 30,639$ 3,220$ (Measurement Date June 30, 2020) Increase / (Decrease) 214 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 8. OTHER POST EMPLOYMENT BENEFITS (Continued) Sensitivity of the Net OPEB Liability to Changes in the Health Care Cost Trend Rates The following presents the net OPEB liability of the City if it were calculated using health care cost trend rates that are one percentage point lower or one percentage point higher than the current rate, for the measurement period ended June 30, 2020 (in thousands): OPEB Plan Fiduciary Net Position The CERBT issues a publicly available financial report that includes financial statements and required supplementary information. That report may be obtained from the California Public Employees’ Retirement System, CERBT, P.O. Box 942703, Sacramento, CA 94429-2703. Recognition of Deferred Outflows and Deferred Inflows of Resources Gains and losses related to changes in total OPEB liability and fiduciary net position are recognized in OPEB expense systematically over time. Amount are first recognized in OPEB expense for the year the gain or loss occurs. The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to OPEB and are to be recognized in future OPEB expense. The recognition period differs depending on the source of the gain or loss: 1% Decrease Current Trend 1% Increase (6.25% Non-Medicare / 5.30% Medicare, decreasing to 3.0% Non-Medicare / 3.0% Medicare) (7.25% Non-Medicare / 6.30% Medicare, decreasing to 4.0% Non-Medicare / 4.0% Medicare) (8.25% Non-Medicare / 7.30% Medicare, decreasing to 5.0% Non-Medicare / 5.0% Medicare) Net OPEB Liability (504)$ 3,220$ 7,950$ 5 Years Net difference between projected and actual earnings on OPEB plan investments 215 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 8. OTHER POST EMPLOYMENT BENEFITS (Continued) OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB As of June 30, 2021, the City recognized OPEB expense of $1,373,000. As of June 30, 2021, the City reported deferred outflows of resources related to OPEB from the following sources: The $1,882,000 reported as deferred outflows of resources related to contributions subsequent to the June 30, 2020 measurement date will be recognized as a reduction of the net OPEB liability during the fiscal year ending June 30, 2022. Other amounts reported as deferred outflows of resources related to OPEB will be recognized as expense as follows (in thousands): Measurement Periods Ended June 30, 2022 (205)$ 2023 (302) 2024 (343) 2025 (257) 2026 (306) Thereafter (142) (1,555)$ Deferred Outflows/ (Inflows) of Resources Deferred Outflows Deferred Inflows of Resources of Resources OPEB Contributions subsequent to the measurement date 1,882$ -$ Difference between expected and actual experience 1,025 - Changes in Assumptions - 2,697 Net difference between projected and actual earnings on 117 - 3,024$ 2,697$ 216 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 9. RISK MANAGEMENT The City is exposed to various risks of losses related to torts; theft of, damage to and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The City records the liability claims as expenditures in the Self Insurance General Liability Internal Service Fund and the workers’ compensation claims in the Self Insurance Workers’ Compensation Internal Service Fund. BICEP was created in 1988 by a joint powers agreement between the City of Huntington Beach and four other local entities including Oxnard, Ventura, Santa Ana, and West Covina, for the purpose of providing joint insurance coverage and related risk management services for member cities. BICEP allows member entities to finance a claims payment pool for certain liability claims in excess of $1,000,000 to a maximum coverage limit of $27,000,000 for claims incurred through June 30, 2015, and $24,000,000 thereafter. Effective July 1, 2019, the member agencies of BICEP agreed to dissolve the Joint Powers Authority. BICEP continues to exist for the purpose of disposing of all claims, the distribution of assets, and any other functions necessary to conclude the affairs of BICEP as provided in the Bylaws of the Authority. Upon dissolution of BICEP, the City purchased liability insurance in the open marketplace, which provides insurance for claims costs exceeding the City’s self-insured retention of $1,000,000. The maximum coverage limit is $30,000,000, which is inclusive of the self-insured retention. Claims that exceed the maximum limit of liability are covered by the City’s Self-Insurance General Liability Internal Service Fund. There were no liability claims in the past three years that exceeded the coverage limit. Although, there is a claim that exceeds the self-insured retention of $1,000,000 and is not covered under the City’s liability insurance plan. Refer to note 18d. for further details. Liability Claims Claims up to $1,000,000 are paid from the City’s Self Insurance General Liability Internal Service Fund. Payments for claims from $1,000,000 to the maximum limit discussed above are covered by the excess liability coverage purchased by the City. Any claims exceeding the maximum limit are covered by the Self Insurance General Liability Internal Service Fund. The liability for these claims is recorded as part of long- term obligations in the Self Insurance General Liability Fund and government-wide financial statements. Liabilities include amounts incurred, but not reported. 217 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 9. RISK MANAGEMENT (Continued) Workers’ Compensation Claims Workers’ compensation claims of up to $1,000,000 per claim are paid from the Self Insured Workers’ Comp Internal Service Fund. Excess workers’ compensation coverage is purchased through the CSAC/Prism-Excess Insurance Authority. Payments for claims from $1,000,000 to statutory limits are covered by CSAC/Prism- Excess Insurance Authority. The Self Insurance Workers’ Comp Internal Service Fund has a $19.6 million deficit at year-end at the 55 percent confidence level. The City has established plans to help reduce the deficit in this fund. This will be accomplished by additional transfers from the General Fund, Proprietary funds, and other governmental funds in which employees are charged over the next nine years. Claims activity and liabilities relating to the current and prior year are (in thousands): Workers' Compensation General Liability Total Balance June 30, 2019 26,630$ 8,396$ 35,026$ Additions 9,758 3,310 13,068 Reductions (6,782) (4,157) (10,939) Net Increase (Decrease)2,976 (847) 2,129 Balance June 30, 2020 29,606 7,549 37,155 Additions 12,200 11,058 23,258 Reductions (7,012) (6,622) (13,634) Net Increase (Decrease)5,188 4,436 9,624 Balance June 30, 2021 34,794$ 11,985$ 46,779$ 218 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 10. INTERFUND TRANSACTIONS a. Advances to/from Other Funds The amounts at year-end were (in thousands): There is a $1,363,000 advance from the LMIHAF Capital Projects Fund to the Redevelopment Agency Private Purpose Trust Fund as of June 30, 2021 for Main Pier property acquisitions prior to the dissolution of the Redevelopment Agency on February 1, 2012. No set interest rates or fixed repayment terms have been established. Redevelopment Agency Private Purpose Trust Advances from (Receivable): Major Governmental Funds LMIHAF Capital Projects 1,363$ Advances to (Payable): 219 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 10. INTERFUND TRANSACTIONS (Continued) b. Transfers In/Out The amounts at year-end were (in thousands): The following is a summary of the significant transfers:  $10,817,000 was transferred from the General Fund to Other Governmental Funds for debt service payments of $1,371,000 and for infrastructure related projects including road repairs, police facility repairs and enhancement, equipment, and other capital improvement projects of $9,400,000.  $51,000 was transferred from the General Fund to the Refuse Enterprise Fund to fund the senior citizen rate reduction on refuse charges.  $406,000 was transferred from the LMIHAF Fund to Other Governmental Funds for debt service payments.p  $135,000 was transferred from the Grants Special Revenue Fund to the General Fund for lost EMS revenue related to COVID-19 reimbursed by HHS Grant Funds.  $16,000 was transferred from the 2014A Bond Project Fund to the Infrastructure Fund to utilize bond funds on eligible Police Headquarters Modernization Project costs.  $13,000 was transferred from the Hazmat Service Enterprise Fund to the General Fund to cover administrative and overhead expenditures. Transfers In General Fund Grants Special Revenue LMIHAF Capital Projects Other Governmental Funds Total Governmental Funds Hazmat Service Fund Total Transfers In General Fund -$ 135$ -$ 400$ 535$ 13$ 548$ Grants Special Revenue - 1,271 - - 1,271 - 1,271 Other Governmental Funds 10,817 - 406 16 11,239 - 11,239 Total Governmental Funds 10,817 1,406 406 416 13,045 13 13,058 Refuse Fund 51 - - - 51 - 51 Total Enterprise Funds 51 - - - 51 - 51 Total Transfers Out 10,868$ 1,406$ 406$ 416$ 13,096$ 13$ 13,109$ Transfers Out 220 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS Below is a schedule of changes in long-term governmental obligations for the year (in thousands): Governmental Activities: June 30, 2020 Additions Retirements June 30, 2021 Accrued Interest Due Within One Year Public Financing Authority: 2010(a) Lease Revenue Bonds 7,410$ -$ (7,410)$ -$ -$ -$ 2011(a) Lease Revenue Bonds 15,725 - (15,725) - - - 2014(a) Lease Revenue Bonds 12,530 - (650) 11,880 138 665 2020(a) Lease Revenue Bonds - 4,835 - 4,835 36 - 2020(b) Lease Revenue Bonds - 14,440 (1,610) 12,830 25 1,515 Total Public Financing Authority 35,665 19,275 (25,395) 29,545 199 2,180 Other Long-Term Obligations: Compensated Absences 12,633 5,971 (5,199) 13,405 - 4,432 Claims Payable 37,155 23,258 (13,634) 46,779 - 10,108 Pollution Remediation 2,000 - - 2,000 - - LED Lighting Phase I 546 - (114) 432 2 119 I-Bank CLEEN Loan 2,171 - (289) 1,882 18 296 CEC Loan 2,588 - (131) 2,457 13 394 Pension Obligation Bonds - 341,501 - 341,501 2,101 10,859 Leases Payable 5,241 12,753 (5,241) 12,753 8 1,907 Total Other Long-Term Obligations 62,334 383,483 (24,608) 421,209 2,142 28,115 Total Long-Term Obligations - Governmental Activities 97,999$ 402,758$ (50,003)$ 450,754$ 2,341$ 30,295$ 221 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) a. Public Financing Authority (1) 2010(a) Public Financing Authority Lease Revenue Bonds Year of Issuance 2010 Type of Debt Lease Revenue Bonds Original Principal Amount $14,745,000 Security Lease with City Interest Rates 2.0% to 5.0% Interest Payment Dates March 1st, September 1st Principal Payment Dates September 1st Purpose of Debt Defease 1997 Leasehold Revenue Bonds (Construct Pier Plaza and Purchase 800 MHz System) and 2000 Lease Revenue Bonds (Capital Improvements and defeasance of Emerald Cove Certificates of Participation) Bonds of $6,545,000 were advance refunded by the 2020(a) Lease Revenue Bonds on September 1, 2020. (2) 2011(a) Public Financing Authority Lease Revenue Bonds Year of Issuance 2011 Type of Debt Lease Revenue Bonds Original Principal Amount $36,275,000 Security Lease with City Interest Rates 2.0% to 5.0% Interest Payment Dates March 1st, September 1st Principal Payment Dates September 1st Purpose of Debt Defease 2001(a) Leasehold Revenue Bonds (Construct Sports Complex and South Beach Phase II Improvements) and 2001(b) Lease Revenue Bonds (Defease Civic Improvement Corporation Certificates) Bonds of $13,570,000 were advance refunded by the 2020(b) Lease Revenue Bonds on August 12, 2020. The 2011(a) Lease Revenue were paid on September 1, 2021 but in substance defeased as of June 30, 2021. 222 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) (3) 2014(a) Public Financing Authority Lease Revenue Bonds Year of Issuance 2014 Type of Debt Lease Revenue Bonds Original Principal Amount $15,295,000 Security Lease with City Interest Rates 3.0% to 5.0% Interest Payment Dates March 1st, September 1st Principal Payment Dates September 1st Purpose of Debt Finance the construction of a new Senior Center Debt service requirements to maturity are (in thousands): Year Ending June 30 Principal Interest Total 2022 665$ 411$ 1,076$ 2023 685 384 1,069 2024 720 352 1,072 2025 750 319 1,069 2026 785 289 1,074 2027-2031 4,305 1,067 5,372 2032-2035 3,970 310 4,280 Total 11,880$ 3,132$ 15,012$ 223 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) (4) 2020(a) Public Financing Authority Lease Revenue Bonds Year of Issuance 2020 Type of Debt Lease Revenue Bonds Original Principal Amount $4,835,000 Security Lease with City Interest Rates 4.0% to 5.0% Interest Payment Dates May 1st, November 1st Principal Payment Dates May 1st Purpose of Debt Defease 2010(a) Lease revenue Bonds which Defeased 1997 Leasehold Revenue Bonds (Construct Pier Plaza and Purchase 800 MHZ system), 2000 Lease Revenue Bonds (Capital Improvements and defeasance of Emerald Cove Certificate of Participation) Debt service requirements to maturity are (in thousands): On August 12, 2020, the Public Financing Authority issued $4,835,000 of 2020 Series A Lease Revenue Bonds on behalf of the City. The bond proceeds were used to advance refund the outstanding 2010 Series A Lease Revenue Bonds. The 2020 Series A bonds bear fixed interest rates ranging from 4.00 percent to 5.00 percent and have a final maturity date of May 1, 2032. The 2020 Series A bonds payments to escrow from net proceeds are reported as other financing uses. The 2010 Series A bonds in the amount of $6,545,000 were redeemed on September 1, 2020. The Public Financing Authority in effect reduced its aggregate debt service payments by approximately $2,118,000 over the next 12 years and obtained a net economic gain (difference between the present values of the old and new debt service payments) of $1,246,000. Year Ending June 30 Principal Interest Total 2022 -$ 223$ 223$ 2023 - 223 223 2024 - 224 224 2025 - 224 224 2026 - 224 224 2027-2031 3,020 1,053 4,073 2032 1,815 73 1,888 Total 4,835$ 2,244$ 7,079$ 224 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) (5) 2020(b) Public Financing Authority Lease Revenue Bonds Year of Issuance 2020 Type of Debt Lease Revenue Bonds Original Principal Amount $14,440,000 Security Lease with City Interest Rates .329% to 1.831% Interest Payment Dates May 1st, November 1st Principal Payment Dates May 1st Purpose of Debt Defease 2011(a) Lease revenue Bonds which Defeased 2001(a) Leasehold Revenue Bonds (Construct Sports Complex and South Beach Phase II Improvements) and 2001(b) Lease Revenue Bonds (Defeased Civic Improvement Corporation Certificates) Debt service requirements to maturity are (in thousands): On August 12, 2020, the Public Financing Authority issued $14,440,000 of 2020 Series B Lease Revenue Bonds on behalf of the City. The bond proceeds were used to advance refund the outstanding 2011 Series A Lease Revenue Bonds. The 2020 Series B bonds bear fixed interest rates ranging from 0.329 percent to 1.831 percent and have a final maturity date of May 1, 2030. The 2020 Series B bond payments to escrow from net proceeds are reported as other financing uses. The 2011 Series A bonds in the amount of $13,570,000 were paid on September 1, 2021 but in substance defeased as of June 30, 2021. The Public Financing Authority in effect reduced its aggregate debt service payments by approximately $4,533,000 over the next 10 years and obtained a net economic gain (difference between the present values of the old and new debt service payments) of $1,738,000. Year Ending June 30 Principal Interest Total 2022 1,515$ 145$ 1,660$ 2023 1,520 138 1,658 2024 1,530 129 1,659 2025 1,545 117 1,662 2026 1,560 103 1,663 2027-2030 5,160 186 5,346 Total 12,830$ 818$ 13,648$ 225 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) b. Other Long-Term Obligations (1) Compensated Absences There is no repayment schedule to pay the compensated absences amount of $13,405,000 relating to governmental operations. The General Fund typically liquidates the vacation and sick leave liability. (2) Claims Payable There is no repayment schedule for the claims payable for governmental activities of $46,779,000 described in Note 9. The City pays the claims upon final settlement. The General Fund typically liquidates the claims payable liability. (3) Pollution Remediation The City plans to remediate hazardous materials contamination of land located within Huntington Central Park used as a gun range facility prior to its close in 1997. The City is voluntarily planning to remediate the site in order to use the area for park purposes. The cost of the gun range remediation is estimated to be $2,000,000 and is reported as a long-term liability in the government-wide financial statements. The liability was measured by estimating a reasonable range of potential outlays and multiplying those outlays by their probability of occurring. (4) LED Lighting Phase I Year of Issuance 2016 Type of Debt Leaseback from Capital One Public Funding, LLC Principal Amount Original $1,062,924 Security Loan Agreement with Capital One Public Funding, LLC Interest Rates Original 2.32% Interest Payment Dates February 1st and August 1st Principal Payment Dates August 1st Purpose of Debt To purchase and upgrade street, area and pole lighting to energy efficient LED light sources 226 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) Debt service requirements to maturity are (in thousands): (5) I-Bank CLEEN Loan Year of Issuance 2016 Type of Debt CLEEN Loan from the California Infrastructure and Economic Development Bank (I-Bank) Principal Amount Original $3,000,000 Security Edwards Fire Station Interest Rates Original 2.32% Interest Payment Dates February 1st and August 1st Principal Payment Dates August 1st Purpose of Debt To purchase and upgrade street pole lighting to energy efficient LED light sources Debt service requirements to maturity are (in thousands): Year Ending June 30 Principal Interest Total 2022 119$ 14$ 133$ 2023 122 10 132 2024 126 5 131 2025 65 1 66 Total 432$ 30$ 462$ Year Ending June 30 Principal Interest Total 2022 296$ 40$ 336$ 2023 303 33 336 2024 310 26 336 2025 317 19 336 2026 324 11 335 2027 332 4 336 Total 1,882$ 133$ 2,015$ 227 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) (6) California Energy Commission (CEC) Loan Year of Issuance 2016 Type of Debt Loan from the California Energy Commission (CEC) Principal Amount Original $3,000,000 Security Loan Agreement with CEC Interest Rates Original 1.00% Interest Payment Dates June 22nd and December 22nd Principal Payment Dates June 22nd and December 22nd Purpose of Debt To upgrade street pole lighting to energy efficient LED light sources Debt service requirements to maturity are (in thousands): Year Ending June 30 Principal Interest Total 2022 394$ 34$ 428$ 2023 266 20 286 2024 269 17 286 2025 272 13 285 2026 274 12 286 2027-2030 982 20 1,002 Total 2,457$ 116$ 2,573$ 228 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) (7) Pension Obligation Bonds Year of Issuance 2021 Type of Debt Pension Obligation Bonds Principal Amount Original $341,501,000 Interest Rates 0.221% to 3.376% Interest Payment Dates June 15th and December 15th Principal Payment Dates June 15th Purpose of Debt Pay 85% of CalPERS UAL as of the June 30, 2019 valuation report. In June 2021, the City issued a Pension Obligation Bond to pay for 85 percent of its current unfunded pension liability with CalPERS. Debt service requirements to maturity are (in thousands): Year Ending June 30 Principal Interest Total 2022 10,859$ 10,290$ 21,149$ 2023 12,637 8,511 21,148 2024 12,683 8,463 21,146 2025 12,768 8,384 21,152 2026 12,898 8,248 21,146 2027-2031 67,921 37,818 105,739 2032-2036 76,573 29,162 105,735 2037-2041 88,914 16,828 105,742 2042 46,248 2,919 49,167 Total 341,501$ 130,623$ 472,124$ 229 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) (8) Leases Payable Year of Issuance 2021 Type of Debt Capital Leases Principal Amount Various Security Master Lease Agreement Interest Rates 1.249% and 1.775% Interest Payment Dates Semi-Annually Principal Payment Dates Semi-Annually Purpose of Debt Public Safety Equipment Financing In June 2021, a new ten-year lease agreement was approved by City Council in the amount of $12,753,130 to finance the replacement of a one fire engine, one rescue boat, three helicopters. Additionally, the City refinanced its existing capital leases into a single lease with a six-year term. Debt service requirements to maturity are (in thousands): Year Ending June 30 Principal Interest Total 2022 1,907$ 172$ 2,079$ 2023 1,901 177 2,078 2024 1,930 149 2,079 2025 1,268 121 1,389 2026 1,022 100 1,122 2027-2031 4,725 248 4,973 Total 12,753$ 967$ 13,720$ 230 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) c. Long-Term Obligations – Business-Type Activities Below is a schedule of the long-term obligations of business-type activities (in thousands): (1) Compensated Absences There is no repayment schedule for the compensated absences amount of $1,426,000 relating to business-type activities. The balance for the outstanding business-type compensated absences is predominately related to the Water and Sewer funds. June 30, 2020 Additions Retirements June 30, 2021 Accrued Interest Due Within One Year Compensated Absences 1,615$ 542$ (731)$ 1,426$ -$ 389$ Pension Obligation Bonds - 22,144 - 22,144 131 776 Total Long-Term Obligations - Business-Type Activities 1,615$ 22,686$ (731)$ 23,570$ 131$ 1,165$ Long-Term Obligations - Business-Type Activities: 231 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) (2) Pension Obligation Bond Year of Issuance 2021 Type of Debt Pension Obligation Bonds Principal Amount Original $22,144,000 Interest Rates 0.221% to 3.376% Interest Payment Dates June 15th and December 15th Principal Payment Dates June 15th Purpose of Debt Pay 85% of CalPERS UAL as of the June 30, 2019 valuation report. In June 2021, the City issued a Pension Obligation Bond to pay for 85 percent of its current unfunded pension liability with CalPERS. Debt service requirements to maturity are (in thousands): Year Ending June 30 Principal Interest Total 2022 776$ 647$ 1,423$ 2023 888 535 1,423 2024 892 531 1,423 2025 897 527 1,424 2026 907 518 1,425 2027-2031 4,774 2,342 7,116 2032-2036 5,382 1,734 7,116 2037-2041 6,251 866 7,117 2042 1,377 46 1,423 Total 22,144$ 7,746$ 29,890$ 232 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 11. LONG-TERM OBLIGATIONS (Continued) d. Long-Term Conduit Debt Obligations Below is a schedule of the conduit debt obligations for which the City is not liable in any manner (in thousands): June 30, 2020 Additions Retirements June 30, 2021 Community Facilities District No. 1990-1 Special Tax Refunding Bonds 170$ -$ (170)$ -$ Community Facilities District No. 2000-1 2013 Special Tax Refunding Bonds 9,675 - (625) 9,050 Community Facilities District No. 2002-1 Special Assessment Tax Bonds 3,945 - (160) 3,785 Community Facilities District No. 2003-1 2013 Special Tax Refunding Bonds 16,415 - (855) 15,560 Total Community Facilities Districts 30,205 - (1,810) 28,395 Residential Redevelopment Bonds 2,900 - (2,900) - Total Obligations Not Recorded in Financial Statements 33,105$ -$ (4,710)$ 28,395$ Community Facilities Districts: 233 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 12. CAPITAL ASSETS a. Changes in Capital Assets Capital asset activity for the year was (in thousands): Governmental Activities June 30, 2020 Additions Dispositions June 30, 2021 Capital Assets, Not Depreciated: Land 362,069$ 6,726$ -$ 368,795$ Construction in Progress 7,515 4,848 (3,779) 8,584 Total Capital Assets -Not Depreciated 369,584 11,574 (3,779) 377,379 Capital Assets Being Depreciated Buildings 211,278 4,228 - 215,506 Machinery and Equipment 67,003 9,533 - 76,536 Infrastructure 434,072 17,704 (775) 451,001 Total Capital Assets Being Depreciated 712,353 31,465 (775) 743,043 Less Accumulated Depreciation: Buildings (84,499) (4,885) - (89,384) Machinery and Equipment (53,041) (3,912) - (56,953) Infrastructure (229,638) (7,966) 775 (236,829) Total Accumulated Depreciation (367,178) (16,763) 775 (383,166) Total Depreciated - Net 345,175 14,702 - 359,877 Total Capital Assets 1,081,937 43,039 (4,554) 1,120,422 Total Accumulated Depreciation (367,178) (16,763) 775 (383,166) Capital Assets of Governmental Activities - Net 714,759$ 26,276$ (3,779)$ 737,256$ 234 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 12. CAPITAL ASSETS (Continued) b. Depreciation Expense Depreciation in governmental activities was charged to the following functions/programs in the Statement of Activities (in thousands): Business-Type Activities: June 30, 2020 Additions Dispositions June 30, 2021 Capital Assets, Not Depreciated: Land 3,907$ -$ -$ 3,907$ Construction in Progress 442 1,340 - 1,782 Total Capital Assets -Not Depreciated 4,349 1,340 - 5,689 Capital Assets Being Depreciated Buildings 100,082 - - 100,082 Machinery and Equipment 20,657 939 - 21,596 Infrastructure 145,961 3,566 (223) 149,304 Total Capital Assets Being Depreciated 266,700 4,505 (223) 270,982 Less Accumulated Depreciation: Buildings (31,723) (2,512) - (34,235) Machinery and Equipment (13,632) (1,178) - (14,810) Infrastructure (82,909) (2,471) 223 (85,157) Total Accumulated Depreciation (128,264) (6,161) 223 (134,202) Total Depreciated - Net 138,436 (1,656) - 136,780 Total Capital Assets 271,049 5,845 (223) 276,671 Total Accumulated Depreciation (128,264) (6,161) 223 (134,202) Capital Assets of Business Activities - Net 142,785$ (316)$ -$ 142,469$ Department: City Manager 23$ Finance 30 Community Development 122 Fire 299 Information Services 25 Police 190 Community & Library Services 2,435 Library Services 334 Public Works 12,592 Internal Service Fund depreciation charged to functions 713 Total 16,763$ 235 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 12. CAPITAL ASSETS (Continued) Depreciation in business-type activities was charged to the following functions/programs in the Statement of Activities (in thousands): 13. INVESTMENT IN JOINT VENTURES The City participates in a firefighter training center called Central Net Operations Authority (CNOA) through a joint powers agreement with the City of Fountain Valley. The City of Huntington Beach records 76 percent of CNOA net assets as Joint Venture Investments. 14. RELATED PARTY TRANSACTION The City has entered into a housing loan and equity sharing agreement in the principal sum of $1,510,000 with City Manager Oliver Chi in October 2019 to use as funding for the purchase of a home within the City. The property is held as security for repayment of the loan until it is paid, and will remain subject to the provisions of the loan agreement until sold. When or if the property is sold, the City will receive 50% of the increase in the value of the home. This housing loan and equity sharing agreement has a term of thirty (30) years. The balance as of the loan as of June 30, 2021 is $1,456,867. Fund: Water 3,986$ Sewer Service 2,153 Refuse 22 Total 6,161$ 236 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 15. SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH a. General Discussion On December 29, 2011, the California Supreme Court upheld ABX1 26 that provided for the dissolution of all redevelopment agencies in the State of California. This action impacted the reporting entity of the City of Huntington Beach that previously had reported a redevelopment agency within the reporting entity of the City as a blended component unit. ABX1 26 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 9, 2012, the City Council elected to become the Successor Agency for the former Redevelopment Agency in accordance with ABX1 26 as part of City resolution number 2012-01. After enactment of the law, effective June 28, 2011, redevelopment agencies in the State of California generally 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). In future fiscal years, 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. ABX1 26 directs the State Controller of the State of California to review the propriety of any transfers of assets between redevelopment agencies and other public bodies that occurred after January 1, 2011. If the public body that received such transfers is not contractually committed to a third party for the expenditure or encumbrance of those assets, the State Controller is required to order the available assets to be transferred to the public body designated as of successor agency by ABX1 26. 237 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 15. SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (Continued) b. Long-Term Debt Below is a schedule of changes in long-term obligations of the Successor Agency for the year (in thousands): Successor Agency: June 30, 2020 Additions Retirements June 30, 2021 Accrued Interest Due Within One Year Bonds Payable 1999 Tax Allocation Refunding Bonds 1,935$ -$ (365)$ 1,570$ 33$ 380$ 2002 Tax Allocation Bonds 4,215 - (800) 3,415 71 840 Total Bonds Payable 6,150 - (1,165) 4,985 104 1,220 Other Long-Term Obligations Mayer DDA 1,854 - (600) 1,254 20 599 Bella Terra OPA (Parking)6,328 - (1,343) 4,985 - 1,343 Bella Terra AHA (Phase II)13,553 - (686) 12,867 - 686 CIM DDA (Parking & Infrastructure)5,567 - (288) 5,279 276 308 CIM DDA (Additional Parking)364 - (13) 351 26 15 Total Other Long-Term Obligations 27,666 - (2,930) 24,736 322 2,951 Total Long-Term Obligations 33,816$ -$ (4,095)$ 29,721$ 426$ 4,171$ 238 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 15. SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (Continued) (1) 1999 Tax Allocation Refunding Bonds Year of Issuance 1999 Type of Debt Tax Allocation Refunding Bonds Original Principal Amount $10,835,000 Security Tax Increment Interest Rates 3.00% to 5.05% Interest Payment Dates February 1st and August 1st Principal Payment Dates August 1st Purpose of Debt Prepay Agency’s 1992 Loans to Public Financing Authority Debt service requirements to maturity are (in thousands): Year Ending June 30 Principal Interest Total 2022 380$ 69$ 449$ 2023 405 49 454 2024 425 29 454 2025 360 9 369 Total 1,570$ 156$ 1,726$ 239 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 15. SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (Continued) (2) 2002 Tax Allocation Refunding Bonds Year of Issuance 2002 Type of Debt Tax Allocation Refunding Bonds Original Principal Amount $20,900,000 Security Tax Increment Interest Rates 2.00% to 5.00% Interest Payment Dates February 1st and August 1st Principal Payment Dates August 1st Purpose of Debt Prepay Agency’s 1992 Loans to Public Financing Authority and fully defease 1992 Public Financing Authority bonds Debt service requirements to maturity are (in thousands): Pledged Revenues The Successor Agency will repay a total of $5,480,000, principal and interest, for the outstanding 1999 and 2002 Tax Allocation Refunding Bonds as of June 30, 2021 from semi-annual Redevelopment Property Tax Trust Fund (RPTTF) revenue allocations. The 1999 and 2002 Tax Allocation Refunding Bonds are not a debt of the City of Huntington Beach, the State of California, nor any of its political subdivisions, and neither the City, the State nor any of its political subdivision is liable therefore, not in any event shall the bonds be payable out of funds or properties other than those of the Redevelopment Agency as set forth in the bond indenture. Year Ending June 30 Principal Interest Total 2022 840$ 150$ 990$ 2023 875 107 982 2024 920 62 982 2025 780 20 800 Total 3,415$ 339$ 3,754$ 240 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 15. SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (Continued) (3) Mayer Disposition and Development Agreement In fiscal year 1996-97, the Agency entered into a disposition and development agreement (DDA) with Robert Mayer Corporation (Corporation) concerning additional development adjacent to the Waterfront Hotel. Under the agreement, the Corporation would advance payments for the project costs with the Agency reimbursing up to $16,750,000 of the costs. As of year- end, the Successor Agency obligation under the agreement amounted to $1,254,000. Project-generated revenues as available will repay these amounts over the time needed to fully amortize the advance. The interest rate of this obligation is 6.32%. The DDA has been approved as an enforceable obligation by the DOF. (4) Bella Terra Parking Structure In fiscal year 2005-06, the Agency entered into an owner participation agreement with Bella Terra Associates, LLC (formerly Huntington Center Associates, LLC). Under the agreement, the Corporation would construct various public improvements, including a parking structure, which would then be deeded to the City. The Agency would reimburse $15,000,000 of the costs of the public improvements. As of year-end, the Successor Agency obligation under the agreement amounted to $4,985,000. Project-generated revenues as available will repay these amounts over the time needed to fully amortize the advance. The interest rate of this obligation is 6.94%. The agreement has been approved as an enforceable obligation by the DOF. (5) Bella Terra Phase II In fiscal year 2010-11, the Agency entered into an affordable housing agreement with BTDJM Phase II Associates (DJM). The agreement would facilitate the construction of a 467 unit mixed use project, including 43 moderate units and 28 very low units. Under the terms of the agreement, the Agency would reimburse DJM for the construction of the affordable units up to $17,000,000. DJM has transferred the site to UDR, and as of year-end, the Successor Agency obligation under the agreement amounted to $12,867,000. Reimbursement of the affordable units will be based upon the site-generated tax increment for the mixed use project as well as the 20% housing fund from the site-generated Bella Terra I. The interest rate of this obligation is 4.00%. The agreement has been approved as an enforceable obligation by the DOF. 241 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 15. SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (Continued) (6) CIM/Huntington Disposition and Development Agreement – Strand Parking Structure and Infrastructure Year of Issuance 2009 Type of Debt Loan from CIM Group, LLC Original Principal Amount $7,900,000 Security Tax Increment Interest Rates 7.00% Interest Payment Dates September 30th Principal Payment Dates September 30th Purpose of Debt Strand Parking Structure and Infrastructure As of year-end, the Successor Agency obligation under the agreement amounted to $5,279,000. Repayment shall be made solely from Redevelopment Property Tax Trust Fund (RPTTF) revenues received by the Huntington Beach Redevelopment Successor Agency Private Purpose Trust Fund in the amounts included in the Oversight Board approved Recognized Obligation Payment Schedule (ROPS) to the County Auditor Controller (CAC) and the Department of Finance (DOF). The DDA has been approved as an enforceable obligation by the DOF. 242 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 15. SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (Continued) (7) CIM/Huntington Disposition and Development Agreement – Additional Strand Parking Year of Issuance 2009 Type of Debt Loan from CIM Group, LLC Original Principal Amount $950,000 Security Tax Increment Interest Rates 10.00% Interest Payment Dates September 30th Principal Payment Dates September 30th Purpose of Debt Additional Strand Parking Structure and Infrastructure As of year-end, the Successor Agency obligation under the agreement amounted to $351,000. Repayment shall be made solely from Redevelopment Property Tax Trust Fund (RPTTF) revenues received by the Huntington Beach Redevelopment Successor Agency Private Purpose Trust Fund in the amounts included in the Oversight Board approved Recognized Obligation Payment Schedule (ROPS) to the County Auditor Controller (CAC) and the Department of Finance (DOF). The DDA has been approved as an enforceable obligation by the DOF. 243 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 15. SUCCESSOR AGENCY TRUST FOR ASSETS OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH (Continued) c. Advances from the City Housing Fund The Successor Agency has recorded advances from the City Housing Fund totaling $1,363,000 from the Low-Income Housing Fund to the Redevelopment Agency Capital Projects Fund for Main Pier property acquisitions. 16. COMMITMENTS AND CONTINGENCIES a. Legal Actions There are legal actions pending against the City resulting from normal operations. In the opinion of management and the City Attorney, the financial resolution of these actions should not have a significant impact on these financial statements. b. Sales Tax Sharing Agreements City Council has agreed to provide sales tax rebates to various companies, based upon various factors such as increased job-base or new sales tax to the City. The sales tax rebates serve to attract and retain various companies in the City of Huntington Beach. The City of Huntington Beach has four sales tax sharing agreements that extend until 2024, 2033, and 2038. Sales tax rebates totaled $1,097,750 for the year ended June 30, 2021. Sales tax sharing agreements include an agreement with Surf City Auto Group II, Inc. wherein the sales tax sharing is a 50%/50% Auto Group/City split with base sales of $1,681,797 (Jeep sales for 2016) and increases by 1% each year. The other sales tax sharing agreements are with Pinnacle Petroleum through 2024, with base sales of $100,000, and McKenna Subaru Huntington Beach through 2033 with a 45%/55% McKenna/City split with base sales of $150,800. 244 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 16. COMMITMENTS AND CONTINGENCIES (Continued) c. Cooperation and Owner Participation Agreements On September 2, 2003, the Redevelopment Agency Approved a Cooperation Agreement Regarding Capital Improvements in the Southeast Coastal Redevelopment Project with the City. This agreement commits the Redevelopment Agency to reimburse the City for a number of capital improvement projects to be undertaken as part of the Five Year Capital Improvement Program in the Southeast Redevelopment project area starting in FY 2003/04 as they are undertaken. The Successor Agency received its Finding of Completion notice from the Department of Finance on May 13, 2014. The Oversight Board (to the Successor Agency) have approved and reauthorization of the loans between the City and former Redevelopment Agency in FY 16/17. The State Department of Finance has denied the validity of the loans and the City has filed suit against the State. d. Redevelopment Successor Agency Debt to City The City has advanced money to the Redevelopment Agency for major capital improvements, economic development projects, and operations. In January 2011, the City Council and Redevelopment Agency Board approved a revised Cooperation Agreement, which included a Promissory Note that memorialized indebtedness previously incurred by the Agency and owed to the City from a series of loans made from the City to the Agency from 1982 to present. The City and Successor Agency have not recorded the advances in the accompanying financial statements due to uncertainties related to Health and Safety Code Section 34191.4, which establishes certain restrictions and limitations on the repayment of city- agency loans. In accordance with Health and Safety Code Section 34191.4(b)(3), all other loans between the city and former Redevelopment Agency will begin to be repaid, at a 3% interest rate, as determined by SB 107 upon approval of the Oversight Board and the Department of Finance. The Oversight Board (to the Successor Agency) have approved and reauthorization of the loans between the City and former Redevelopment Agency in FY 16/17. The State Department of Finance has denied the validity of the loans and the City has filed suit against the State. 245 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 16. COMMITMENTS AND CONTINGENCIES (Continued) Below is a schedule of the activity for the year (in thousands): e. Low Moderate Income Housing Asset Fund Debt to City In May 2009, a Promissory Note was issued by the Redevelopment Agency to the City to pay for outstanding bonded debt related to the Emerald Cove Housing Project. The note is secured by a pledge of Set-Aside Funds. Based on the Promissory Note, the interest rate for the loan is 0% and the loan was scheduled to be repaid by 2021. The City has not recorded the advances in the accompanying financial statements due to uncertainties surrounding ABX1 26 and Assembly Bill 1484 and related litigation (see note 16f). Below is a schedule of the activity for the year (in thousands): June 30, 2020 Additions Reductions June 30, 2021 General Fund Direct Advances 2,312$ -$ -$ 2,312$ Indirect Advances 6,567 - - 6,567 Land Sales 32,833 - - 32,833 Interest 30,480 404 - 30,884 Total General Fund 72,192 404 - 72,596 Sewer Fund Direct Advances 298 2 - 300 Deferred Development Fees 186 1 - 187 Total Sewer Fund 484 3 - 487 Drainage Fund Direct Advances 720 4 - 724 Deferred Development Fees 199 1 - 200 Total Drainage Fund 919 5 - 924 Park Acquisition and Development Fund Direct Advances 5,927 33 - 5,960 Deferred Development Fees 440 2 - 442 Total Park Acquisition and Development Fund 6,367 35 - 6,402 Water Fund Direct Advances 4,461 25 - 4,486 Total Water Fund 4,461 25 - 4,486 Total All Funds 84,423$ 472$ -$ 84,895$ June 30, 2020 Additions Reductions June 30, 2021 General Fund Emerald Cove 3,245$ -$ -$ 3,245$ 246 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 16. COMMITMENTS AND CONTINGENCIES (Continued) f. Successor Agency Litigation Until 2012, the Huntington Beach Redevelopment Agency existed and received property tax increment from property within the “City Redevelopment Project Area.” In 2012, the State Legislature dissolved all redevelopment agencies, and all tax increment was returned to the County for payment to other taxing entities. The only exception was that tax increment would continue to be paid to the Successor Agency to the City Redevelopment Agency to pay any pre-dissolution, legally binding obligations established prior to the dissolution of the agencies. Further, the City transferred the former Redevelopment Agency’s housing obligations to the Huntington Beach Housing Authority pursuant to Health and Safety Code section 34176. The Successor Agency contended that its payments to retire the former Redevelopment Agency’s portion of the 2010 Lease Revenue Bonds used to finance the Emerald Cove low income housing project were such an obligation. The annual payment on these bonds is approximately $400,000 a year. The amount that the City contends to be due to pay the former Redevelopment Agency’s share of the bonds is $3,245,000. The Successor Agency also contended that the 2012 Pacific City Development Agreement was a pre-dissolution, legally binding obligation. Pacific City is a development project that was conditioned on providing 77 affordable housing units, of which the Successor Agency now was obliged to construct 26 units off-site, at a cost of $6,500,000. This would not be a City General Fund obligation. The State Department of Finance rejected the City’s “Recognized Obligation Payment Schedule” (“ROPS”) to establish these two obligations as entitled to be funded through tax increment. In response, the City sued the Department of Finance. All post-redevelopment matters are being heard in Sacramento before a select panel of judges. On January 29, 2014, the Superior Court held that the Emerald Cove Bonds and the Pacific City housing were not preexisting Authority obligations payable with tax increment. The Successor Agency appealed the judgment. The appellate decision was received in 2018 and the Successor Agency lost the appeal. The Housing Authority is reviewing options on meeting the affordable housing requirements for Pacific City with other projects. The City itself does not require a reserve for either case. 247 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 16. COMMITMENTS AND CONTINGENCIES (Continued) In addition, as stated above in section (c) and (d), the City of Huntington Beach has filed suit against the State of California regarding the Department of Finance’s denial of loans which were between the Redevelopment Agency and the City of Huntington Beach. 17. OTHER INFORMATION a. Fund and Accumulated Deficits The following funds have total fund deficits at year-end (in thousands): The Self Insurance Workers’ Comp fund has a deficit due to increases in statutory benefits related to workers’ comp claims, rising healthcare costs, and the implementation of GASB Nos. 68 and 75. The Self Insurance General Liability fund has a deficit due to increases in claims judgement, cost of litigation and rising number of lawsuits against the City. As such, the City set aside $3,650,000 in litigation reserve for general liability claims in the General Fund. The City has established plans to reduce and eliminate the deficits in these funds. Additional transfers will be made over the next ten to twenty years from the General Fund, Proprietary funds, and other governmental funds to address the deficit in the Self Insurance Workers’ Comp Internal Service Fund. 18. SUBSEQUENT EVENTS a. American Rescue Plan Act of 2021 (ARPA) As a response to COVID-19, the federal government passed the American Rescue Plan Act of 2021 to help combat the disease outbreak and its impacts. Enacted March 11, 2021, the ARPA bill provides $1.9 trillion in pandemic relief and authorized $350 billion in state and local government financial assistance. Through the ARPA bill, the City is eligible to receive $29.6 million in funding for allowable expenditures. ARPA funding is provided in two tranches covering 50 percent each tranche. In fiscal year 2020/21, the City received its first tranche in May 2021 of $14.8 million and will be receiving the remaining $14.8 million one year later. Internal Service Fund: Self Insurance Workers' Comp 19,584$ Self Insurance General Liability 1,834$ 248 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 18. SUBSEQUENT EVENTS (Continued) A three-person City Council ARPA subcommittee was established in June 2021 to develop and review a list of potential projects. On September 7, 2021, City Council approved a spending plan which addresses both immediate, current needs of the City and transformative, “Plan for the Future” projects with long-term community impacts including Downtown Revitalization Improvements, Police Technology Infrastructure Improvements, and a comprehensive Homeless Response Plan. b. Orange County Oil Spill Response On October 2, 2021, the United State Coast Guard notified the City of a possible oil spill in the area of Huntington Beach, which was classified as a major spill later in the day. The oil spill was originally estimated to be 5.8 nautical miles long, running from the Huntington Beach Pier down to Newport Beach. Given the oil spill impacts, a decision was made by the City and State to close the ocean from the Pier to the Santa Ana River jetty. Additionally, a decision was made by City leadership to cancel the third day of the Pacific Airshow on October 3 rd. The oil spill was declared a State emergency by the Governor on October 4th, with a local emergency declaration following the same day. The oil spill has significantly affected the City, with substantial ecological impacts occurring at the beach and at the Huntington Beach Wetlands. In response, Huntington Beach Fire and Marine Safety personnel were deployed to implement oil containment efforts. The U.S. Coast Guard, acting as the lead agency, formed an Incident Management Team (comprised of federal, state and regional agencies) to respond to the oil spill incident and coordinate clean-up efforts. A Unified Command Team that includes the U.S. Coast Guard, California Department of Fish and Wildlife, and Amplify Energy Corporation has also been established to investigate the oil spill incident. As of October 11, 2021, both City and State beaches have reopened after water quality testing results showed non- detectable amounts of oil associated toxins. The City continues to actively monitor the water quality so that any further impacts may be avoided and safety measures deployed as needed. The financial impacts of the oil spill are still being evaluated at this time. 249 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 18. SUBSEQUENT EVENTS (Continued) c. Community Choice Energy (CCE) The City of Irvine began efforts to create a regional Community Choice Energy (CCE) program known as the Orange County Power Authority (OCPA), which would allow local governments to purchase energy on behalf of their communities, while still receiving transmission and distribution service from their existing utility provider. On December 10, 2020, Huntington Beach voted to join the OCPA as a founding member, along with the cities of Buena Park and Fullerton. There is no direct fiscal impact to join OCPA. Per the Joint Powers Agreement with OCPA, member agencies are not required to make any financial contributions, with the City of Irvine financing all initial start-up costs. Currently, commercial service is planned to begin April 2022, with residential service following in October 2022. d. Kennedy Commission v. Huntington Beach The Kennedy Commission case arises from an amendment to City’s Beach and Edinger Corridors Specific Element Plan to limit the development of multifamily housing. The case, filed by the Kennedy Commission in July 2015 stating that the amendment was in violation of California’s Housing Element laws, was tried in Superior Court and ruled in favor of the Plaintiff. The City appealed the trial court decision and prevailed upon appeal. The Kennedy Commission then appealed the decision with the Supreme Court, which upheld the Court of Appeal’s decision in favor of the City. In February 2020, the City adopted a revised Housing Element to comply with clarifying language in Senate Bill 1333 regarding the applicability of key provisions of state planning and zooming laws to charter cities which was certified by the California Department of Housing and Community Development as compliant with Housing Element Law. In response, the Kennedy Commission requested its remaining claims against the City be dismissed and filed a motion for attorney’s fees. In July 2021, the Superior Court awarded the Kennedy Commission $3.5 million in attorney’s fees, which is currently under appeal. 19. PRIOR PERIOD ADJUSTMENTS During the fiscal year ended June 30, 2021, the City adopted new accounting guidance by implementing the provisions of GASB Statement No. 84, Fiduciary Activities, which establishes criteria for identifying and reporting fiduciary activities. The implementation of this change in accounting principles has resulted in altering the presentation of the financial statements as the City is no longer required to report the following three funds: General Deposit, Central Net Operation and West Orange County Water Board. The implementation also resulted in splitting the Parking Structure Fiduciary Fund into two separate funds, the Bella Terra Parking Structure Custodial Fund, and the Strand Parking Fund. 250 City of Huntington Beach Notes to Financial Statements For the Year Ended June 30, 2021 19. PRIOR PERIOD ADJUSTMENTS (Continued) The implementation of the Statement required the City to make prior period adjustments as shown below (in thousands): Statement of Activities Statement of Changes in Fiduciary Net Position Governmental Activities Fiduciary Activities Beginning net position/fund balance, as previously reported $ 478,901 $ - Implementation of GASB 84 5,747 6,586 Beginning net position/fund balance, as restated $ 484,648 $ 6,586 251 REQUIRED SUPPLEMENTARY INFORMATION 252 THIS PAGE INTENTIONALLY LEFT BLANK 253 City of Huntington Beach Notes to Required Supplementary Information For the Year Ended June 30, 2021 Budgetary Information The City Council must annually adopt a budget by June 30 of the prior fiscal year. The budgeted expenditures become the appropriations to the various departments. The budget includes estimates for revenue that, along with the appropriations, compute the budgetary fund balance. The appropriated budget covers substantially all governmental fund expenditures with the exception of capital improvement projects (capital projects funds) carried forward from prior years, which constitute a legally authorized non-appropriated budget. The City Council may amend the budget at any time. The City Manager may transfer funds from between object purposes (personal services, operating expenditures, or capital outlay expenditures) within the same department without changing the total departmental budget. Department heads, with the Chief Financial Officer’s approval, may transfer funds from like object categories of the same department. The City Council must approve any changes to departmental budgets. Expenditures may not exceed appropriations at the departmental level. All unused appropriations lapse at year-end. During the year, the City Council made several supplemental appropriations which included carryovers of prior year encumbrances, all of which were within available fund balance and estimated revenue amounts. The City Council adopts governmental fund budgets consistent with generally accepted principles as legally required. There are no significant non-budgeted financial activities. Revenues for special revenue funds are budgeted by entitlements, grants and estimates of future development and economic growth. Expenditures and transfers are budgeted based upon available financial resources. On or before February 28th of each year, each department submits data to the City Manager for budget preparation. Staff prepares the budget by fund, function, and activity. The budget includes information on past years, current year estimates and requested appropriations for the next fiscal year. Before May 1st, the City Council receives the proposed budget. The City Council holds public hearings and may amend the budget by a majority vote. Changes to the budget must be within the available revenues and reserves. These financial schedules show budgetary data for the General, Grants Special Revenue, LMIHAF Capital Projects, and Pension Liability Debt Service Fund. The original budget, revised budget, actual expenditures, and variance amounts are shown. The City uses an encumbrance system as an aid in controlling expenditures. When the City issues a purchase order for goods or services, it records an encumbrance until the vendor delivers the goods or performs the service. At year-end, the City reports all outstanding encumbrances as restricted, committed, or assigned fund balance in governmental fund types. The City reappropriates these encumbrances into the new fiscal year. The following pages present schedules of budget to actual comparison of the General, Grants Special Revenue, LMIHAF Capital Projects and Pension Liability Debt Service Fund’s Revenues, and Expenditures and Changes in Fund Balance (in thousands). 254 REVENUES Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Property Taxes 94,350$ 91,708$ 91,708$ -$ Sales Taxes 39,227 47,676 47,676 - Utility Taxes 16,605 18,374 18,374 - Other Taxes 12,416 18,428 18,428 - Licenses and Permits 7,358 7,805 7,805 - Fines, Forfeitures and Penalties 3,282 4,619 4,619 - Use of Money and Property 14,500 14,183 16,196 2,013 Intergovernmental 3,138 9,881 9,967 86 Charges for Current Service 25,326 22,560 21,878 (682) Other 979 1,875 2,001 126 Total Revenues 217,181 237,109 238,652 1,543 EXPENDITURES Current: City Council 389 404 397 7 City Manager 4,075 3,873 3,867 6 City Treasurer 280 319 319 - City Attorney 2,980 3,103 2,938 165 City Clerk 988 1,080 1,068 12 Finance 6,054 6,529 6,025 504 Community Development 9,088 9,675 8,920 755 Fire 49,994 57,003 57,002 1 Information Services 7,341 7,248 6,991 257 Police 82,267 89,440 89,440 - Community Services 8,929 9,910 7,708 2,202 Library Services 5,259 5,706 5,150 556 Public Works 26,361 24,411 24,116 295 Debt Service: Principal 1,861 1,861 1,723 138 Interest 194 194 182 12 Total Expenditures 206,060 220,756 215,846 4,910 Excess of Revenues Over Expenditures 11,121 16,353 22,806 6,453 OTHER FINANCING SOURCES (USES) Transfers In 1,433 1,581 548 (1,033) Transfers Out (11,426) (10,868) (10,868) - Total Other Financing Sources (Uses)(9,993) (9,287) (10,320) (1,033) Net Change In Fund Balance 1,128 7,066 12,486 5,420 Fund Balance - Beginning of Year 80,088 80,088 80,088 - Cumulative Effects of Changes in Accounting Principles - - 2,035 2,035 Fund Balance - Beginning of Year as Restated 80,088 80,088 82,123 2,035 Fund Balance - End of Year 81,216$ 87,154$ 94,609$ 7,455$ CITY OF HUNTINGTON BEACH SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) General Fund See Accompanying Notes to Required Supplementary Information 255 REVENUES Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property -$ 6$ 222$ 216$ Intergovernmental 3,100 16,443 18,075 1,632 Total Revenues 3,100 16,449 18,297 1,848 EXPENDITURES Current: City Manager 6 5,530 5,453 77 City Clerk - 8 8 - Finance - 18 18 - Community Development 1,573 14,633 8,450 6,183 Fire - 1,919 1,880 39 Information Systems - 89 64 25 Police 1,039 3,547 2,141 1,406 Community Services 258 675 553 122 Library Services 70 239 233 6 Public Works 809 6,148 1,569 4,579 Total Expenditures 3,755 32,806 20,369 12,437 Excess of Revenues Over (Under) Expenditures (655) (16,357) (2,072) 14,285 OTHER FINANCING USES Transfers In - 1,271 1,271 - Transfers Out - (1,399) (1,406) (7) Total Other Financing Sources (Uses)- (128) (135) (7) Net Change In Fund Balance (655) (16,485) (2,207) 14,278 Fund Balance - Beginning of Year 4,561 4,561 4,561 - Fund Balance - End of Year 3,906$ (11,924)$ 2,354$ 14,278$ (In Thousands) Grants Special Revenue CITY OF HUNTINGTON BEACH SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2021 See Accompanying Notes to Required Supplementary Information 256 LMIHAF Capital Projects Fund REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property 380$ 380$ 964$ 584$ EXPENDITURES: Community Development 334 6,579 6,421 158 Excess of Revenues Over (Under) Expenditures 46 (6,199) (5,457) 742 OTHER FINANCING SOURCES (USES): Transfers Out (406) (406) (406) - Total Other Financing Sources (Uses) (406) (406) (406) - Net Change in Fund Balance (360) (6,605) (5,863) 742 Fund Balance - Beginning of Year 9,485 9,485 9,485 - Fund Balance - End of Year 9,125$ 2,880$ 3,622$ 742$ - Pension Liability Debt Service Fund REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Property Taxes -$ 8,250$ 8,250$ -$ Use of Money and Property - 300 300 - Charges for Current Service - 1,493 1,493 - Total Revenues - 10,043 10,043 - EXPENDITURES: Current: City Council - 647 646 1 City Manager - 6,294 6,284 10 City Treasurer - 519 518 1 City Attorney - 4,784 4,776 8 City Clerk - 1,737 1,734 3 Finance - 9,803 9,788 15 Community Development - 14,514 14,492 22 Fire - 89,896 89,773 123 Information Systems - 11,375 11,358 17 Police - 141,052 140,857 195 Community Services - 12,542 12,523 19 Library Services - 8,380 8,367 13 Public Works - 39,238 39,177 61 Total Expenditures - 340,781 340,293 488 Excess of Revenues Over (Under) Expenditures - (330,738) (330,250) 488 OTHER FINANCING SOURCES (USES): Proceeds of Long-Term Debt - 340,435 340,435 - Issuance of Long-Term Debt - (453) (453) - Issuance Discount - (649) (649) - Total Other Financing Sources (Uses) - 339,333 339,333 - Net Change in Fund Balance - 8,595 9,083 488 Fund Balance - Beginning of Year 7,860 7,860 7,860 - Fund Balance - End of Year 7,860$ 16,455$ 16,943$ 488$ CITY OF HUNTINGTON BEACH (In Thousands) SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2021 See Accompanying Notes to Required Supplementary Information 257 Measurement Period 2019-20 2018-19 2017-18 2016-17 2015-16 2014-15 2013-14 Total Pension Liability Service cost 7,779$ 8,327$ 8,314$ 8,084$ 7,436$ 7,102$ 7,263$ Interest on total pension liability 41,058 40,150 38,769 37,749 37,194 35,653 34,412 Differences between expected and actual experience (6,087) (183) (2,042) (9,148) 1,072 (2,900) - Changes in assumptions - - (3,634) 30,762 - (8,565) - Benefit payments, including refunds of employee contributions (30,321) (28,508) (26,685) (25,312) (24,316) (23,377) (22,444) Net change in total pension liability 12,429 19,786 14,722 42,135 21,386 7,913 19,231 Total pension liability - beginning 591,598 571,812 557,090 514,955 493,569 485,656 466,425 Total pension liability - ending (a)604,027$ 591,598$ 571,812$ 557,090$ 514,955$ 493,569$ 485,656$ Plan Fiduciary Net Position Contributions - employer 16,879$ 14,816$ 13,495$ 12,316$ 10,982$ 9,747$ 9,066$ Contributions - employee 3,630 3,779 3,649 3,869 3,736 3,790 3,909 Investment income 21,485 27,288 32,963 40,328 1,856 8,230 56,429 Administrative Expense (609) (296) (614) (536) (226) (418) (472) Benefit payments (30,321) (28,508) (26,685) (25,312) (24,316) (23,377) (22,444) Plan to Plan Resource Movement - (13) 1 - - -- Other - 1 (1,166) - - 2 - Net change in plan fiduciary net position 11,064 17,067 21,643 30,665 (7,968) (2,026) 46,488 Plan fiduciary net position - beginning 432,522 415,455 393,812 363,147 371,115 373,141 326,653 Plan fiduciary net position - ending (b)443,586$ 432,522$ 415,455$ 393,812$ 363,147$ 371,115$ 373,141$ Net pension liability - beginning 159,076 156,357 163,278 151,808 122,454 112,515 139,771 Net pension liability - ending (a)-(b)160,441$ 159,076$ 156,357$ 163,278$ 151,808$ 122,454$ 112,515$ Plan fiduciary net position as a percentage of the total pension liability 73.44% 73.11% 72.66% 70.69% 70.52% 75.19% 76.83% Covered payroll 45,952$ 45,419$ 45,431$ 44,848$ 44,365$ 44,233$ 41,142$ Net pension liability as a percentage of covered payroll 349.15% 350.24% 344.16% 364.07% 342.18% 276.84% 273.48% Notes to Schedule: * Fiscal year 2013/14 was the first year of implementation, therefore only seven years are shown. * For covered employee payroll, the measurement period of July 1, 2019 to June 30, 2020 was used. Benefit changes: the figures above include any liability impact that may have resulted from voluntary benefit changes that occurred after the June 30, 2019 valuation. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the June 30, 2019 valuation date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary. Changes in assumptions: None in 2019 or 2020. 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 2017, the accounting discount rate reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. 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 Huntington Beach Required Supplementary Information Schedule of Changes in the Net Pension Liability and Related Ratios During the Measurement Period (in Thousands) Last Ten Fiscal Years* CalPERS City Miscellaneous Plan - 99 258 City of Huntington Beach Required Supplementary Information Schedule of Changes in the Net Pension Liability and Related Ratios During the Measurement Period (in Thousands) Measurement Period 2019-20 2018-19 2017-18 2016-17 2015-16 2014-15 2013-14 Total Pension Liability Service cost 13,226$ 13,644$ 13,509$ 13,657$ 12,159$ 11,119$ 11,096$ Interest on total pension liability 54,597 53,048 51,223 49,350 48,390 46,160 44,246 Differences between expected and actual experience (4,721) (1,220) 2,584 (10,819) 2,678 (820) - Changes in assumptions - - (3,657) 40,352 - (11,054) - Benefit payments, including refunds of employee contributions (41,247) (38,958) (37,128) (34,222) (32,116) (30,535) (29,540) Net change in total pension liability 21,855 26,514 26,531 58,318 31,111 14,870 25,802 Total pension liability - beginning 782,326 755,812 729,281 670,963 639,852 624,982 599,180 Total pension liability - ending (a)804,181$ 782,326$ 755,812$ 729,281$ 670,963$ 639,852$ 624,982$ Plan Fiduciary Net Position Contributions - employer 25,848$ 23,063$ 21,058$ 20,629$ 18,703$ 17,791$ 15,152$ Contributions - employee 4,355 4,337 4,164 4,570 4,058 4,110 3,850 Investment income 25,784 32,776 39,336 48,413 2,144 9,661 66,805 Administrative Expense (731) (355) (736) (640) (270) (497) (555) Benefit payments (41,247) (38,958) (37,128) (34,222) (32,116) (30,535) (29,540) Net Plan to Plan Resource Movement - 13 (3) - (29) - - Other - 1 (1,398) - - - - Net change in plan fiduciary net position 14,009 20,877 25,293 38,750 (7,510) 530 55,712 Plan fiduciary net position - beginning 518,644 497,767 472,474 433,724 441,234 440,704 384,992 Plan fiduciary net position - ending (b)532,653$ 518,644$ 497,767$ 472,474$ 433,724$ 441,234$ 440,704$ Net pension liability - beginning 263,682 258,045 256,807 237,239 198,618 184,278 214,188 Net pension liability - ending (a)-(b)271,528$ 263,682$ 258,045$ 256,807$ 237,239$ 198,618$ 184,278$ Plan fiduciary net position as a percentage of the total pension liability 66.24% 66.30% 65.86% 64.79% 64.64% 68.96% 70.51% Covered payroll 43,783$ 43,684$ 43,371$ 43,283$ 42,619$ 42,252$ 38,397$ Net pension liability as a percentage of covered payroll 620.17% 603.61% 594.97% 593.32% 556.65% 470.08% 479.93% Notes to Schedule: * Fiscal year 2013/14 was the first year of implementation, therefore only seven years are shown. * For covered employee payroll, the measurement period of July 1, 2019 to June 30, 2020 was used. Changes in assumptions: None in 2019 or 2020. 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 2017, the accounting discount rate reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. 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. Benefit changes: the figures above include any liability impact that may have resulted from voluntary benefit changes that occurred after the June 30, 2019 valuation. However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the June 30, 2019 valuation date are not included in the figures above, unless the liability impact is deemed to be material by the plan actuary. Last Ten Fiscal Years* CalPERS City Safety Plan - 100 259 Total Pension Liability 2020-21 2019-20 2018-19 2017-18** 2016-17 2015-16 2014-15 2013-14 Service cost 350$ 338$ 398$ 344$ 487$ 552$ 495$ 544$ Interest on total pension liability 4,292 3,954 3,990 2,964 3,976 3,945 3,919 3,828 Differences between expected and actual experience - 4,594 - (794) - 982 - - Changes in assumptions 6,547 1,756 - 2,115 1,515 2,928 - - Benefit payments, including refunds of employee contributions (5,494) (5,012) (4,771) (3,388) (4,144) (3,773) (3,588) (3,548) Net change in total pension liability 5,695 5,630 (383) 1,241 1,834 4,634 826 824 Total pension liability - beginning 71,074 65,444 65,827 64,586 62,752 58,118 57,292 56,468 Total pension liability - ending (a)76,769$ 71,074$ 65,444$ 65,827$ 64,586$ 62,752$ 58,118$ 57,292$ Plan Fiduciary Net Position Contributions - employer 1,435$ 3,506$ 4,962$ 3,507$ 5,346$ 7,277$ 4,678$ 4,539$ Investment income 15,717 2,114 2,582 2,128 6,373 4,282 (1,313) 3,465 Administrative Expense (314) (444) (191) (145) (182) (189) (170) (176) Benefit payments (5,494) (5,012) (4,771) (3,388) (4,144) (3,773) (3,588) (3,548) Section 115 Trust Segregation - - - (3,788) - - - - Other - - - - - - 3,183 258 Net change in plan fiduciary net position 11,344 164 2,582 (1,686) 7,393 7,597 2,790 4,538 Plan fiduciary net position - beginning 59,017 58,853 56,271 57,957 50,564 42,967 40,177 35,639 Plan fiduciary net position - ending (b)70,361$ 59,017$ 58,853$ 56,271$ 57,957$ 50,564$ 42,967$ 40,177$ Net pension liability - beginning 12,057 6,591 9,556 6,629 12,188 15,151 17,115 20,829 Net pension liability - ending (a)-(b)6,408$ 12,057$ 6,591$ 9,556$ 6,629$ 12,188$ 15,151$ 17,115$ Plan fiduciary net position as a percentage of the total pension liability 91.65% 83.04% 89.93% 85.48% 89.74% 80.58% 73.93% 70.13% Covered payroll 7,684$ 8,469$ 12,863$ 10,890$ 17,167$ 19,517$ 22,069$ 22,004$ Net pension liability as a percentage of covered payroll 83.39% 142.37% 51.24% 87.75% 38.61% 62.45% 68.65% 77.78% * Fiscal year 2013/14 was the first year of implementation, therefore only eight years are shown. ** The 2017-18 period reflects nine months of activity only as the fiscal year change resulted in a nine-month reporting period from October 1, 2017 to June 30, 2018. Supplemental Retirement Plan (in Thousands) Last Ten Fiscal Years* Schedule of Changes in the Net Pension Liability and Related Ratios During the Measurement Period City of Huntington Beach Required Supplementary Information 260 City of Huntington Beach Required Supplementary Information Schedule of Changes in Net OPEB Liability and Related Ratios For the Measurement Periods Ended June 30 (in Thousands) Measurement Period 2020 2019 2018 2017 Total OPEB Liability Service cost 1,096$ 1,241$ 1,205$ 877$ Interest on the total OPEB liability 2,064 1,859 1,787 1,293 Actual and expected experience difference - 1,411 - - Changes in assumptions (298) (3,358) - - Benefit payments (1,848) (1,742) (1,683) (1,036) Net change in total OPEB liability 1,014 (589) 1,309 1,134 Total OPEB liability - beginning 32,845 33,434 32,125 30,991 Total OPEB liability - ending (a)33,859$ 32,845$ 33,434$ 32,125$ Plan Fiduciary Net Position Contribution - employer**1,959$ 2,270$ 4,191$ 1,036$ Net investment income 1,580 1,901 1,126 471 Benefit payments (1,848) (1,742) (1,683) (1,036) Administrative expense (245) (61) (131) (9) Net change in plan fiduciary net position 1,446 2,368 3,503 462 Plan fiduciary net position - beginning 29,193 26,825 23,322 22,860 Plan fiduciary net position - ending (b)30,639$ 29,193$ 26,825$ 23,322$ Net OPEB liability - ending (a)-(b)3,220$ 3,652$ 6,609$ 8,803$ Plan fiduciary net position as a percentage of the total OPEB liability 90.49%88.88%80.23%72.60% Covered employee payroll 76,521$ 79,682$ 81,458$ 60,985$ Net OPEB liability as a percentage of covered employee payroll 4.21%4.58%8.11%14.43% Notes to Schedule: * Fiscal year 2017/18 was the first year of implementation, therefore only four years of information are shown. **Contributions to the OPEB plan are not based on employee pay. Last Ten Fiscal Years* Other Post Employment Benefits Plan 261 2020-21 1 2019-20 1 2018-19 1 2017-18 1, 2 2016-17 1 2015-16 1 2014-15 1 2013-14 1 Actuarially determined contribution 18,086$ 16,878$ 14,819$ 9,734$ 11,921$ 11,238$ 10,510$ 8,685$ Contributions in relation to the actuarially determined contributions (18,086) (16,878) (14,819) (9,734) (11,921) (11,238) (10,510) (8,685) Contribution deficiency (excess)-$ -$ -$ -$ -$ -$ -$ -$ Covered payroll 45,740$ 45,952$ 45,419$ 33,210$ 45,118$ 44,253$ 46,337$ 43,327$ Contributions as a percentage of covered payroll 39.54% 36.73% 32.63% 29.31% 26.42% 25.39% 22.68% 20.05% Notes to Schedule Valuation date: 6/30/2012 through 06/30/2018 Methods and assumptions used to determine contribution rates: Actuarial cost method Entry Age Normal Amortization method/period Asset valuation method Inflation 2.50% Salary increases Varies by entry age and service Payroll growth Discount Rate Retirement age Mortality For 10/1/14-6/30/15, 15 Year Smoothed Market (for details, see June 30, 2012 Funding Valuation Report). For 7/1/15- 6/30/20, Fair Value (for details, see the Funding Valuation Reports for the years ended June 30, 2013, 2014, 2015, 2016 and 2017). City of Huntington Beach Required Supplementary Information Schedule of Contributions For the Year Ended June 30, 2021 (in Thousands) Last Ten Fiscal Years* CalPERS City Miscellaneous Plan - 99 1 Historical information is required only for measurement periods for which GASB 68 is applicable. For details, see Miscellaneous Plan of the City of Huntington Beach Annual Valuation Report as of June 30, 2020. 2 The 2017-18 period reflects nine months of activity only as the fiscal year change resulted in a nine-month reporting period from October 1, 2017 to June 30, 2018. Note: The CalPERS Board of Administration has adopted a new amortization policy effective with the June 30, 2019 actuarial valuation. The new policy shortens the period over which actuarial gains and losses are amortized from 30 years to 20 years with the payments computed using a level dollar amount. In addition, the new policy removes the 5-year ramp-up and ramp-down on UAL bases attributable to assumption changes and non-investment gains/losses. The new policy removes the 5-year ramp-down on investment gains/losses. These changes will apply only to new UAL bases established on or after June 30, 2019. 2.75% The prescribed discount rate assumption, adopted by the Board on December 21, 2016, is 7.00 percent compounded annually (net of investment and administrative expenses) as of June 30, 2018. For 10/1/13-6/30/16, the probabilities of retirement are based on the 2014 CalPERS Experience study for the period from 1997 to 2007. For 7/1/16-6/30/19, the probabilities of retirement are based on the 2014 CalPERS Experience study for the period from 1997 to 2011. For 7/1/19-6/30/20, the probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. For 10/1/13-6/30/16, the probabilities of mortality are based on the 2010 CalPERS Experience Study for the period from 1997 to 2007. For 7/1/16-6/30/19, the probabilities of mortality are based on the 2014 CalPERS Experience Study for the period from 1997 to 2011. For 7/1/16-6/30/18, Pre-retirement and Post-retirement mortality rates include 5 years of projected mortality improvement using Scale AA published by the Society of Actuaries. For 7/1/18-6/30/19, Pre-retirement and Post-retirement mortality rates include 20 years of projected mortality improvement using Scale BB published by the Society of Actuaries. For 7/1/19-6/30/20, the probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries. *Beginning with the June 30, 2013 valuations, CalPERS employed an amortization and smoothing policy that will pay for all gains and losses over a fixed 30-year period with the increases or decreases in the rate spread directly over a 5-year period. 262 City of Huntington Beach Required Supplementary Information Schedule of Contributions For the Year Ended June 30, 2021 (in Thousands) 2020-21 1 2019-20 1 2018-19 1 2017-18 1, 2 2016-17 1 2015-16 1 2014-15 1 2013-14 1 Actuarially determined contribution 27,691$ 25,847$ 23,062$ 15,223$ 19,468$ 19,129$ 18,125$ 14,759$ Contributions in relation to the actuarially determined contributions (27,691) (25,847) (23,062) (15,223) (19,468) (19,129) (19,125) (14,759) Contribution deficiency (excess)-$ -$ -$ -$ -$ -$ (1,000)$ -$ Covered payroll 45,665$ 43,783$ 43,684$ 31,943$ 43,269$ 42,607$ 44,055$ 41,167$ Contributions as a percentage of covered payroll 60.64% 59.03% 52.79% 47.66% 44.99% 44.90% 43.41% 35.85% Notes to Schedule Valuation date: 6/30/2012 through 06/30/2018 Methods and assumptions used to determine contribution rates: Actuarial cost method Entry Age Normal Amortization method/period For details, see Safety Plan of the City of Huntington Beach Annual Valuation Report as of June 30, 2020. Asset valuation method Inflation 2.50% Salary increases Varies by entry age and service. Payroll growth Discount Rate Retirement age Mortality Last Ten Fiscal Years* The prescribed discount rate assumption, adopted by the Board on December 21, 2016, is 7.00 percent compounded annually (net of investment and administrative expenses) as of June 30, 2018. *Beginning with the June 30, 2013 valuations, CalPERS employed an amortization and smoothing policy that will pay for all gains and losses over a fixed 30- year period with the increases or decreases in the rate spread directly over a 5-year period. Note: The CalPERS Board of Administration has adopted a new amortization policy effective with the June 30, 2019 actuarial valuation. The new policy shortens the period over which actuarial gains and losses are amortized from 30 years to 20 years with the payments computed using a level dollar amount. In addition, the new policy removes the 5-year ramp-up and ramp-down on UAL bases attributable to assumption changes and non-investment gains/losses. The new policy removes the 5-year ramp-down on investment gains/losses. These changes will apply only to new UAL bases established on or after June 30, 2019. For 10/1/13-6/30/16, the probabilities of retirement are based on the 2014 CalPERS Experience study for the period from 1997 to 2007. For 7/1/16-6/30/19, the probabilities of retirement are based on the 2014 CalPERS Experience study for the period from 1997 to 2011. For 7/1/19-6/30/20, the probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. For 10/1/13-6/30/16, the probabilities of mortality are based on the 2010 CalPERS Experience Study for the period from 1997 to 2007. For 7/1/16-6/30/19, the probabilities of mortality are based on the 2014 CalPERS Experience Study for the period from 1997 to 2011. For 7/1/16-6/30/18, Pre-retirement and Post-retirement mortality rates include 5 years of projected mortality improvement using Scale AA published by the Society of Actuaries. For 7/1/18-6/30/19, Pre-retirement and Post-retirement mortality rates include 20 years of projected mortality improvement using Scale BB published by the Society of Actuaries. For 7/1/19-6/30/20, the probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries. CalPERS City Safety Plan - 100 1 Historical information is required only for measurement periods for which GASB 68 is applicable. For 10/1/14-6/30/15, 15 Year Smoothed Market (for details, see June 30, 2012 Funding Valuation Report). For 7/1/15-6/30/20, Fair Value (for details, see the Funding Valuation Reports for the years ended June 30, 2013, 2014, 2015, 2016 and 2017). 2.75% 2 The 2017-18 period reflects nine months of activity only as the fiscal year change resulted in a nine-month reporting period from October 1, 2017 to June 30, 2018. 263 City of Huntington Beach Required Supplementary Information Schedule of Contributions For the Year Ended June 30, 2021 (in Thousands) 2020-21 1 2019-20 1 2018-19 1 2017-18 1, 2 2016-17 1 2015-16 1 2014-15 1 2013-14 1 Actuarially determined contribution 933$ 1,689$ 2,258$ 2,879$ 3,895$ 3,576$ 3,634$ 4,534$ Contributions in relation to the actuarially determined contributions (1,435) (3,506) (4,962) (3,507) (5,346) (7,277) (4,678) (4,539) Contribution deficiency (excess)(502)$ (1,817)$ (2,704)$ (628)$ (1,451)$ (3,701)$ (1,044)$ (5)$ Covered payroll 7,684$ 8,469$ 12,863$ 10,890$ 17,167$ 19,517$ 22,069$ 22,004$ Contributions as a percentage of covered payroll 18.68% 41.40% 38.58% 32.20% 31.14% 37.29% 21.20% 20.63% Notes to Schedule Valuation date:6/30/2019 6/30/2019 9/30/2017 9/30/2017 9/30/2015 9/30/2013 9/30/2013 9/30/2011 Methods and assumptions used to determine contribution rates: Actuarial cost method Entry Age Normal, Level Percentage of Payroll Amortization method/period Asset valuation method Inflation 2.50% Salary increases Aggregate - 2.75% annually. Merit - CalPERS 1997-2015 Experience Study. Payroll growth Investment rate of return Retirement age Mortality 2021 2 2020 2 2019 2 2018 2 2017 2016 2015 2014 Annual Money Weighted Rate of Return, net of investment expense 26.88% 3.79% 4.79% 4.04% 12.87% 10.20% -2.82% 9.20% 2 The 2017-18 period reflects nine months of activity only as the fiscal year change resulted in a nine-month reporting period from October 1, 2017 to June 30, 2018. The probabilities of mortality are based on the CalPERS 1997-2015 Experience Study. Pre-retirement and Post- retirement mortality rates include mortality projected fully generational with Scale MP-2019, modified to converge to ultimate improvement rates in 2022 for the October 1, 2013 to June 30, 2018 measurement period. Mortality projected fully generational with Scale MP-2019 for the July 1, 2019 to June 30, 2021 measurement period. Schedule of Money Weighted Rate of Return 6.5%, net of pension plan investment and administrative expenses, including inflation for the October 1, 2013 to June 30, 2018 measurement period. 6.25%, net of pension plan investment and administrative expenses, for the July 1, 2019 - June 30, 2021 measurement period. The probabilities of retirement are based on the CalPERS 1997-2015 Experience Study. Investment gains/losses spread over a 3-year rolling period. 1 Historical information is required only for measurement periods for which GASB 68 is applicable. 2 The 2017-18 period reflects nine months of activity only as the fiscal year change resulted in a nine month reporting period from October 1, 2017 to June 30, 2018. Last Ten Fiscal Years* Supplemental Retirement Plan 1 Historical information is required only for measurement periods for which GASB 68 is applicable. Merit - CalPERS 1997-2011 Experience Study plus 3.25% aggregate increase for the October 1, 2013 to June 30, 2018 measurement period. 3% aggregate increase for the July 1, 2018 - June 30, 2019 measurement period. Merit - CalPERS 1997-2015 Experience Study plus 2.75% annually increase for the July 1, 2019 - June 30, 2020. 9/30/12 UAAL: fixed 10-year period, Gains/Losses: fixed 15-year period, Discount rate change loss: 10-year period, 6/30/18 UAAL: fixed 5-year period fresh start. 20-year closed period for 2020/2021. Level dollar amortization. 264 Fiscal Year Ended June 30 2021 2020 2019 2018** Actuarially Determined Contribution (ADC)1,364$ 1,793$ 1,746$ 2,022$ Contributions in relation to the ADC***(1,882) (1,959) (2,270) (4,192) Contribution deficiency (excess)(518)$ (166)$ (524)$ (2,170)$ Covered-employee payroll**70,881$ 76,521$ 79,682$ 59,589$ Contributions as a percentage of covered-employee payroll 2.66%2.56%2.85%7.03% Notes to Schedule: Valuation date:6/30/2019 6/30/2017 6/30/2017 6/30/2015 Methods and assumptions used to determine contributions: Actuarial Cost Method Entry Age Normal Amortization Method/Period Level percent of payroll over a closed rolling 15-year period Asset Valuation Method Investment gains and losses spread over 5-year rolling period. Inflation Payroll Growth 3.00% per annum, in aggregate. Investment Rate of Return Healthcare cost-trend rates Retirement Age Mortality *Historical information is required only for measurement periods for which GASB 75 is applicable. Future years' information will be displayed up to 10 years as information becomes available. **For the nine-month period ending June 30, 2018. The City changed its fiscal year effective October 1, 2017. ***Contributions to the OPEB plan are not based on employee pay. 7.0% initial, 1.0% - 2.0% near term increase then decreasing 0.5% per year to trend rate that reflects medical price inflation to an ultimate rate of 4.0% in 2076. Tier 1 employees - 2.5% @55 and Tier 2 employees - 2.0% @62. The probabilities of retirement are based on the 2014 CalPERS Experience Study for the period from 1997-2011. Tier 1 employees - 2.5% @55 and Tier 2 employees - 2.0% @ 62. The probabilities of retirement are based on the CalPERS 1997-2015 experience Study for Measurement period as of 6/30/20. Pre-retirement mortality probability based on 2014 CalPERS 1997-2011 Experience Study covering CalPERS participants. Post-retirement mortality probability based on CalPERS Experience Study 2007-2011 covering participants in CalPERS. Mortality based on CalPERS 1997-2015 Experience Study covering participants in CalPERS. For the Year Ended June 30, 2021 3% for 10/1/17-6/30/18 and 2.75% per annum for the measurement period July 1, 2019 to June 30, 2020. 6% for the October 1, 2017 - June 30, 2018 period. 6.25% for the July 1, 2018 - June 30, 2020. Assumes investing in California Employers' Retiree Benefit Trust asset allocation Strategy 3, moving to Strategy 2 in March 2019. Last Ten Fiscal Years* Other Post Employment Benefits Plan (in Thousands) City of Huntington Beach Required Supplementary Information Schedule of Contributions 265 SUPPLEMENTARY INFORMATION 266 THIS PAGE INTENTIONALLY LEFT BLANK 267 City of Huntington Beach Other Governmental Funds Special Revenue Funds account for revenues and expenditures legally constrained to a specific purpose.  The Air Quality Fund accounts for revenues from the local agencies used to improve local air quality.  The Development Impact Fee Fund accounts for fees collected for new developments to be used for transportation, park land acquisition and development, library and other public facilities in an effort to mitigate the impacts of those new developments.  The Disability Access Fund accounts for the State Mandated Disability Access Fee (SB 1186) to fund increased training certified access specialist (CASp) services for the public and to facilitate compliance with construction related accessibility requirements.  The Drainage Fund accounts for fees received from developers to construct and maintain the City’s drainage system.  The Fourth of July Parade Fund accounts for the activities of the City’s annual parade.  The Strand Parking Structure Fund accounts for the activities of the Strand Parking Structure.  The Gas Tax Fund accounts for monies allocated under the Streets and Highways Code of California. Expenditures may be made for any street related purpose allowed under the code.  The Housing Residual Receipt Fund accounts for residual receipts received for housing activities.  The Park Acquisition and Development Fund accounts for fees received from developers to develop and maintain the City’s park system.  The Surf City “3” Fund accounts for revenues and expenditures related to a 1% fee on cable television and other video subscription services to fund the purchase and acquisition of capital equipment and facilities necessary to program and broadcast PEG (public, education and government) events on the City’s cable channel.  The ELM Automation Fund accounts for automation fee revenues and Enterprise Land Management (ELM) replacement costs and maintenance expenditures.  The Traffic Congestion Relief Fund accounts for moneys allocated for roadway maintenance as established by Assembly Bill 2928.  The Traffic Impact Fee Fund accounts for moneys received from the traffic impact fee levied on new developments in the City.  The Transportation Fund accounts for moneys received from the countywide half cent sales tax and other specific sources to be spent on transportation related expenditures. Debt Service Funds account for the receipts for and payment of general long-term debt.  The Public Financing Authority accounts for the activity of the Huntington Beach Public Financing Authority. Capital Projects Funds account for the acquisition and construction of capital assets other than those financed by proprietary fund types.  The Affordable Housing In-Lieu Fund accounts for the Affordable Housing In-Lieu Fee from developers of housing projects who have elected to pay the fee in-lieu of building the affordable housing in their project.  The Infrastructure Fund records activity for certain designate infrastructure related expenditures.  The Lease Capital Project Fund records activity for capital lease project expenditures.  The Parking In-Lieu Fund records construction activity from developers who pay fees in-lieu of directly providing parking facilities to the City.  The Senior Center Development Fund records construction activity for the Senior Center Development at Central Park.  The Sewer Development Fund accounts for fees received from developers to construct and maintain sewer facilities.  The Technology Fund accounts for technology infrastructure project expenditures. 268 CITY OF HUNTINGTON BEACH COMBINING BALANCE SHEET OTHER GOVERNMENTAL FUNDS June 30, 2021 (In Thousands) ASSETS Air Quality Development Impact Fee Disability Access Drainage Fourth of July Parade Strand Parking Structures Cash and Investments 1,446$ 14,535$ 294$ 2,714$ -$ 3,797$ Taxes Receivable - - - - - - Other Receivables 72 43 1 8 - 11 Total Assets 1,518$ 14,578$ 295$ 2,722$ -$ 3,808$ LIABILITIES Accounts Payable -$ 273$ 4$ -$ -$ 192$ Accrued Payroll - 5 - - - - Total Liabilities - 278 4 - - 192 FUND BALANCES Restricted Pollution Remediation - - - - - - Highways, Streets and Transportation - - - - - - Low Income Housing - - - - - - Air Quality 1,518 - - - - - Other Capital Projects - 14,300 - 2,722 - - Other Purposes - - 291 - - - Committed Parks - - - - - - Other Purposes - - - - - 3,616 Total Fund Balances 1,518 14,300 291 2,722 - 3,616 Total Liabilities and Fund Balances 1,518$ 14,578$ 295$ 2,722$ -$ 3,808$ SPECIAL REVENUE FUNDS 269 Gas Tax Housing Residual Receipt Park Acquisition and Development Surf City "3" ELM Automation Fund Traffic Congestion Relief Traffic Impact Fee Transportation Total Special Revenue Funds 3,829$ 1,247$ 1,749$ 1,259$ 274$ 2,064$ 2,915$ 2,434$ 38,557$ 680 - - 229 - - - 585 1,494 11 4 5 4 1 6 9 7 182 4,520$ 1,251$ 1,754$ 1,492$ 275$ 2,070$ 2,924$ 3,026$ 40,233$ 1,803$ -$ 10$ 32$ -$ 35$ 2$ 158$ 2,509$ 48 - - - 8 - - 51 112 1,851 - 10 32 8 35 2 209 2,621 - - 355 - - - - - 355 2,669 - - - - 2,035 2,922 2,817 10,443 - 1,251 - - - - - - 1,251 - - - - - - - - 1,518 - - - - - - - - 17,022 - - - 1,460 267 - - - 2,018 - - 1,389 - - - - - 1,389 - - - - - - - - 3,616 2,669 1,251 1,744 1,460 267 2,035 2,922 2,817 37,612 4,520$ 1,251$ 1,754$ 1,492$ 275$ 2,070$ 2,924$ 3,026$ 40,233$ SPECIAL REVENUE FUNDS (continued) COMBINING BALANCE SHEET OTHER GOVERNMENTAL FUNDS June 30, 2021 (In Thousands) CITY OF HUNTINGTON BEACH 270 ASSETS Public Financing Authority Total Debt Service Fund Affordable Housing In-Lieu Infrastructure Cash and Investments 3,350$ 3,350$ 1,359$ 18,712$ Cash and Investments with Fiscal Agent 1,086 1,086 - - Taxes Receivable - - - - Other Receivables 1 1 88 250 Prepaids - - - 105 Total Assets 4,437$ 4,437$ 1,447$ 19,067$ LIABILITIES Accounts Payable 2$ 2$ -$ 1,713$ Accrued Payroll - - - 80 Total Liabilities 2 2 - 1,793 DEFERRED INFLOWS OF RESOURCES Unavailable Revenue - - - 209 Total Deferred Inflows of Resources - - - 209 FUND BALANCES Nonspendable Prepaid Insurance - - - 105 Restricted Pollution Remediation - - - - Debt Service 4,435 4,435 - - Highways, Streets and Transportation - - - - Low Income Housing - - 1,447 - Air Quality - - - - Other Capital Projects - - - - Other Purposes - - - - Committed Parks - - - - Other Capital Projects - - - 16,960 Other Purposes - - - - Assigned Capital Improvement Reserve - - - - Total Fund Balances 4,435 4,435 1,447 17,065 4,437$ 4,437$ 1,447$ 19,067$ CITY OF HUNTINGTON BEACH COMBINING BALANCE SHEET OTHER GOVERNMENTAL FUNDS June 30, 2021 (In Thousands) (continued) Total Liabilities, Deferred Inflows of Resources and Fund Balances DEBT SERVICE FUNDS CAPITAL PROJECT FUNDS 271 Lease Capital Project Parking In-Lieu Senior Center Development Sewer Development Technology Total Capital Projects Funds Total Other Governmental Funds 3$ 655$ -$ 4,540$ 3,271$ 28,540$ 70,447$ 8,750 - - - - 8,750 9,836 - - - - - - 1,494 - 3 - 13 10 364 547 - - - - - 105 105 8,753$ 658$ -$ 4,553$ 3,281$ 37,759$ 82,429$ -$ -$ -$ 319$ 1$ 2,033$ 4,544$ - - - - - 80 192 - - - 319 1 2,113 4,736 - - - - - 209 209 - - - - - 209 209 - - - - - 105 105 - - - - - - 355 - - - - - - 4,435 - - - - - - 10,443 - - - - - 1,447 2,698 - - - - - - 1,518 8,753 - - - - 8,753 25,775 - - - - - - 2,018 - - - - - - 1,389 - 658 - 4,234 - 21,852 21,852 - - - - - - 3,616 - - - - 3,280 3,280 3,280 8,753 658 - 4,234 3,280 35,437 77,484 8,753$ 658$ -$ 4,553$ 3,281$ 37,759$ 82,429$ CAPITAL PROJECT FUNDS CITY OF HUNTINGTON BEACH COMBINING BALANCE SHEET OTHER GOVERNMENTAL FUNDS June 30, 2021 (In Thousands) (continued) 272 REVENUES Air Quality Development Impact Fee Disability Access Drainage Fourth of July Parade Strand Parking Structures Sales Taxes -$ -$ -$ -$ -$ -$ Other Taxes - - - - - - Licenses and Permits - - 69 - - - Use of Money and Property 8 19 2 12 16 1,232 Intergovernmental 263 - - - - - Charges for Current Service - 1,148 - 218 - - Other - - - - - - Total Revenues 271 1,167 71 230 16 1,232 EXPENDITURES Current: City Manager - - - - - - Community Development - - - - - 928 Finance - - 11 - - - Information Systems - - - - - - Community Services - 3,557 - - 99 - Library Services - 349 - - - - Public Works 15 - - 27 - - Total Expenditures 15 3,906 11 27 99 928 Excess Of Revenues Over (Under) Expenditures 256 (2,739) 60 203 (83) 304 Other Financing Sources (Uses): Transfers In - - - - 45 - Transfers Out - - - - - (400) Total Other Financing Sources (Uses) - - - - 45 (400) Net Change in Fund Balances 256 (2,739) 60 203 (38) (96) Fund Balances - Beginning of Year 1,262 17,039 231 2,519 38 - Cumulative Effect of Changes in Accounting Principles - - - - - 3,712 Fund Balance as Restated 1,262 17,039 231 2,519 38 3,712 Fund Balances - End of Year 1,518$ 14,300$ 291$ 2,722$ -$ 3,616$ CITY OF HUNTINGTON BEACH COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES SPECIAL REVENUE FUNDS OTHER GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) 273 Gas Tax Housing Residual Receipt Park Acquisition and Development Surf City "3" ELM Automation Fund Traffic Congestion Relief Traffic Impact Fee Transportation Total Special Revenue Funds -$ -$ -$ -$ -$ -$ -$ 3,486$ 3,486$ 6,783 - - 534 - - - - 7,317 - - - - - - - - 69 - 5 - 6 - 4 9 14 1,327 42 - - - - 1,456 - 21 1,782 - - - - 335 - 225 - 1,926 - 28 - - - - - - 28 6,825 33 - 540 335 1,460 234 3,521 15,935 - - - 372 - - - - 372 - - - - - - - - 928 - - - - - - - - 11 - - - - 428 - - - 428 - - 562 - - - - - 4,218 - - - - - - - - 349 11,262 - - - - 1,208 52 3,124 15,688 11,262 - 562 372 428 1,208 52 3,124 21,994 (4,437) 33 (562) 168 (93) 252 182 397 (6,059) - - - - - - - - 45 - - - - - - - - (400) - - - - - - - - (355) (4,437) 33 (562) 168 (93) 252 182 397 (6,414) 7,106 1,218 2,306 1,292 360 1,783 2,740 2,420 40,314 - - - - - - - - 3,712 7,106 1,218 2,306 1,292 360 1,783 2,740 2,420 44,026 2,669$ 1,251$ 1,744$ 1,460$ 267$ 2,035$ 2,922$ 2,817$ 37,612$ CITY OF HUNTINGTON BEACH COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES SPECIAL REVENUE FUNDS OTHER GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) (continued) 274 REVENUES Public Financing Authority Total Debt Service Funds Affordable Housing In- Lieu Infrastructure Sales Taxes -$ -$ -$ -$ Other Taxes - - - - Licenses and Permits - - 224 - Use of Money and Property 9 9 92 46 Intergovernmental - - - - Charges for Current Service - - - - Other - - - 10 Total Revenues 9 9 316 56 EXPENDITURES Current: City Manager - - - - Community Development - - 1 - Finance 331 331 - - Fire - - - - Information Systems - - - - Community Services - - - 62 Library Services - - - - Public Works - - - 4,503 Debt Service:- Principal 2,260 2,260 - - Interest 700 700 - - Total Expenditures 3,291 3,291 1 4,565 Excess Of Revenues Over (Under) Expenditures (3,282) (3,282) 315 (4,509) Other Financing Sources (Uses): Transfers In 1,777 1,777 - 9,417 Proceeds of Long-Term Debt 19,275 19,275 - - Issuance Premium 1,743 1,743 - - Payments to Escrow (24,204) (24,204) - - Transfers Out - - - - Total Other Financing Sources (Uses) (1,409) (1,409) - 9,417 Net Change in Fund Balances (4,691) (4,691) 315 4,908 Fund Balances - Beginning of Year 9,126 9,126 1,132 12,157 Cumulative Effect of Changes in Accounting Principles - - - - Fund Balance As Restated 9,126 9,126 1,132 12,157 Fund Balances - End of Year 4,435$ 4,435$ 1,447$ 17,065$ CAPITAL PROJECT FUNDS CITY OF HUNTINGTON BEACH COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OTHER GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) (continued) DEBT SERVICE FUNDS 275 Lease Capital Project Parking In-Lieu Senior Center Development Sewer Development Technology Total Capital Projects Funds Total Other Governmental Funds -$ -$ -$ -$ -$ -$ 3,486$ - - - - - - 7,317 - 115 - - - 339 408 - - - - 7 145 1,481 - - - 12 - 12 1,794 - - - 92 - 92 2,018 - - - - - 10 38 - 115 - 104 7 598 16,542 - - - - - - 372 - - - - - 1 929 - - - - - - 342 1,071 - - - - 1,071 1,071 - - - - 254 254 682 - - - - - 62 4,280 - - - - - - 349 - - - 2,954 - 7,457 23,145 - - - - - - 2,260 55 - - - - 55 755 1,126 - - 2,954 254 8,900 34,185 (1,126) 115 - (2,850) (247) (8,302) (17,643) - - - - - 9,417 11,239 12,753 - - - - 12,753 32,028 - - - - - - 1,743 (4,052) - - - - (4,052) (28,256) - - (16) - - (16) (416) 8,701 - (16) - - 18,102 16,338 7,575 115 (16) (2,850) (247) 9,800 (1,305) 1,178 543 16 7,084 3,527 25,637 75,077 - - - - - - 3,712 1,178 543 16 7,084 3,527 25,637 78,789 8,753$ 658$ -$ 4,234$ 3,280$ 35,437$ 77,484$ CAPITAL PROJECT FUNDS CITY OF HUNTINGTON BEACH COMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OTHER GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) (continued) 276 REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property -$ -$ 8$ 8$ Intergovernmental 250 250 263 13 TOTAL REVENUES 250 250 271 21 EXPENDITURES: Current: Public Works 540 1,255 15 1,240 TOTAL EXPENDITURES 540 1,255 15 1,240 NET CHANGE IN FUND BALANCE (290) (1,005) 256 1,261 Fund Balance - Beginning of Year 1,262 1,262 1,262 - Fund Balance - End of Year 972$ 257$ 1,518$ 1,261$ REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property -$ -$ 19$ 19$ Charges for Current Service 315 315 1,148 833 TOTAL REVENUES 315 315 1,167 852 EXPENDITURES: Current: Fire 280 900 - 900 Police - 115 - 115 Community Services 5,098 8,304 3,557 4,747 Library Services 200 490 349 141 TOTAL EXPENDITURES 5,578 9,809 3,906 5,903 NET CHANGE IN FUND BALANCE (5,263) (9,494) (2,739) 6,755 Fund Balance - Beginning of Year 17,039 17,039 17,039 - Fund Balance - End of Year 11,776$ 7,545$ 14,300$ 6,755$ REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Licenses and Permits 84$ 84$ 69$ (15)$ Use of Money and Property - - 2 2 TOTAL REVENUES 84 84 71 (13) EXPENDITURES: Current: Finance 84 87 11 76 TOTAL EXPENDITURES 84 87 11 76 NET CHANGE IN FUND BALANCE - (3) 60 63 Fund Balance - Beginning of Year 231 231 231 - Fund Balance - End of Year 231$ 228$ 291$ 63$ (In Thousands) Air Quality Development Impact Fee Disability Access CITY OF HUNTINGTON BEACH SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL OTHER GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021 277 REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) From Use of Money and Property -$ -$ 12$ 12$ Charges for Current Service 150 150 218 68 TOTAL REVENUES 150 150 230 80 EXPENDITURES: Current: Public Works 100 100 27 73 TOTAL EXPENDITURES 100 100 27 73 NET CHANGE IN FUND BALANCE 50 50 203 153 Fund Balance - Beginning of Year 2,519 2,519 2,519 - Fund Balance - End of Year 2,569$ 2,569$ 2,722$ 153$ REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property 120$ 16$ 16$ -$ Intergovernmental 63 - - - Charges for Current Service 142 - - - Other 82 - - - TOTAL REVENUES 407 16 16 - EXPENDITURES: Current: Community Services 407 130 99 31 TOTAL EXPENDITURES 407 130 99 31 OTHER FINANCING SOURCES (USES): Transfers In - 46 45 (1) TOTAL OTHER FINANCING SOURCES (USES) - 46 45 (1) NET CHANGE IN FUND BALANCE - (68) (38) 30 Fund Balance - Beginning of Year 38 38 38 - Fund Balance - End of Year 38$ (30)$ -$ 30$ Strand Parking Structure REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property 1,403$ 1,403$ 1,232$ (171)$ TOTAL REVENUES 1,403 1,403 1,232 (171) EXPENDITURES: Current: Community Development 1,041 1,041 928 113 TOTAL EXPENDITURES 1,041 1,041 928 113 OTHER FINANCING SOURCES (USES): Transfers Out (400) (400) (400) - TOTAL OTHER FINANCING SOURCES (USES) (400) (400) (400) - NET CHANGE IN FUND BALANCE (38) (38) (96) (58) Fund Balance - Beginning of Year - - - - Cumulative Effect of Changes in Accounting Principles - - 3,712 3,712 Fund Balance as Restated - - 3,712 3,712 Fund Balance - End of Year (38)$ (38)$ 3,616$ 3,654$ Fourth of July Parade Drainage CITY OF HUNTINGTON BEACH SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL OTHER GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) 278 REVENUES: Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Other Taxes 6,077$ 6,077$ 6,783$ 706$ Intergovernmental - - 42 42 TOTAL REVENUES 6,077 6,077 6,825 748 EXPENDITURES: Current: Public Works 5,530 11,985 11,262 723 TOTAL EXPENDITURES 5,530 11,985 11,262 723 NET CHANGE IN FUND BALANCE 547 (5,908) (4,437) 1,471 Fund Balance - Beginning of Year 7,106 7,106 7,106 - Fund Balance - End of Year 7,653$ 1,198$ 2,669$ 1,471$ REVENUES: Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property -$ -$ 5$ 5$ Other 200 200 28 (172) TOTAL REVENUES 200 200 33 (167) EXPENDITURES: Current: Community Development 50 50 - 50 TOTAL EXPENDITURES 50 50 - 50 NET CHANGE IN FUND BALANCE 150 150 33 (117) Fund Balance - Beginning of Year 1,218 1,218 1,218 - Fund Balance - End of Year 1,368$ 1,368$ 1,251$ (117)$ REVENUES: Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Charges for Current Service 70$ 70$ -$ (70)$ TOTAL REVENUES 70 70 - (70) EXPENDITURES: Current: Community Services 625 1,979 562 1,417 TOTAL EXPENDITURES 625 1,979 562 1,417 NET CHANGE IN FUND BALANCE (555) (1,909) (562) 1,347 Fund Balance - Beginning of Year 2,306 2,306 2,306 - Fund Balance - End of Year 1,751$ 397$ 1,744$ 1,347$ CITY OF HUNTINGTON BEACH SCHEDULE OF REVENUES, EXPENDITURES, AND FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) Park Acquisition and Development CHANGES IN FUND BALANCES - BUDGET AND ACTUAL OTHER GOVERNMENTAL FUNDS Gas Tax Housing Residual Receipt 279 REVENUES: Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Other Taxes 605$ 605$ 534$ (71)$ Use of Money and Property - - 6 6 TOTAL REVENUES 605 605 540 (65) EXPENDITURES: Current: City Manager 353 671 372 299 TOTAL EXPENDITURES 353 671 372 299 NET CHANGE IN FUND BALANCE 252 (66) 168 234 Fund Balance - Beginning of Year 1,292 1,292 1,292 - Fund Balance - End of Year 1,544$ 1,226$ 1,460$ 234$ REVENUES: Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Charges for Current Service 360$ 360$ 335$ (25)$ TOTAL REVENUES 360 360 335 (25) EXPENDITURES: Current: Information Systems 431 431 428 3 TOTAL EXPENDITURES 431 431 428 3 NET CHANGE IN FUND BALANCE (71) (71) (93) (22) Fund Balance - Beginning of Year 360 360 360 - Fund Balance - End of Year 289$ 289$ 267$ (22)$ REVENUES: Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property -$ -$ 4$ 4$ Intergovernmental 1,535 1,535 1,456 (79) TOTAL REVENUES 1,535 1,535 1,460 (75) EXPENDITURES: Current: Public Works 1,200 2,744 1,208 1,536 TOTAL EXPENDITURES 1,200 2,744 1,208 1,536 NET CHANGE IN FUND BALANCE 335 (1,209) 252 1,461 Fund Balance - Beginning of Year 1,783 1,783 1,783 - Fund Balance - End of Year 2,118$ 574$ 2,035$ 1,461$ CITY OF HUNTINGTON BEACH (In Thousands) Surf City "3" ELM Automation Fund Traffic Congestion Relief CHANGES IN FUND BALANCES - BUDGET AND ACTUAL OTHER GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021 SCHEDULE OF REVENUES, EXPENDITURES, AND 280 REVENUES: Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property -$ -$ 9$ 9$ Charges for Current Service - - 225 225 TOTAL REVENUES - - 234 234 EXPENDITURES: Current: Public Works 195 722 52 670 TOTAL EXPENDITURES 195 722 52 670 NET CHANGE IN FUND BALANCE (195) (722) 182 904 Fund Balance - Beginning of Year 2,740 2,740 2,740 - Fund Balance - End of Year 2,545$ 2,018$ 2,922$ 904$ REVENUES: Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Sales Taxes 3,008$ 3,008$ 3,486$ 478$ Use of Money and Property - - 14 14 Intergovernmental - - 21 21 TOTAL REVENUES 3,008 3,008 3,521 513 EXPENDITURES: Current: Public Works 3,398 4,929 3,124 1,805 TOTAL EXPENDITURES 3,398 4,929 3,124 1,805 NET CHANGE IN FUND BALANCE (390) (1,921) 397 2,318 Fund Balance - Beginning of Year 2,420 2,420 2,420 - Fund Balance - End of Year 2,030$ 499$ 2,817$ 2,318$ REVENUES: Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property -$ -$ 9$ 9$ TOTAL REVENUES - - 9 9 EXPENDITURES: Current: Finance 10 349 331 18 Debt Service: Principal 2,575 3,125 2,260 865 Interest 1,387 1,906 700 1,206 TOTAL EXPENDITURES 3,972 5,380 3,291 2,089 OTHER FINANCING SOURCES (USES): Transfers In 1,334 1,334 1,777 443 Proceeds of Long-Term Debt - 19,275 19,275 - Issuance Premium - 1,743 1,743 - Payments to Escrow - (23,135) (24,204) (1,069) TOTAL OTHER FINANCING SOURCES (USES) 1,334 (783) (1,409) (626) NET CHANGE IN FUND BALANCE (2,638) (6,163) (4,691) 1,472 Fund Balance - Beginning of Year 9,126 9,126 9,126 - Fund Balance - End of Year 6,488$ 2,963$ 4,435$ 1,472$ Traffic Impact Fee (In Thousands) CITY OF HUNTINGTON BEACH SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL FOR THE YEAR ENDED JUNE 30, 2021 OTHER GOVERNMENTAL FUNDS Transportation Public Financing Authority 281 REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Licenses and Permits 546$ 546$ 224$ (322)$ Use of Money and Property - - 92 92 TOTAL REVENUES 546 546 316 (230) EXPENDITURES: Current: Community Development 200 203 1 202 TOTAL EXPENDITURES 200 203 1 202 NET CHANGE IN FUND BALANCE 346 343 315 (28) Fund Balance - Beginning of Year 1,132 1,132 1,132 - Fund Balance - End of Year 1,478$ 1,475$ 1,447$ (28)$ REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property -$ -$ 46$ 46$ Other - - 10 10 TOTAL REVENUES - - 56 56 EXPENDITURES: Current: Community Services 250 439 62 377 Public Works 4,071 16,330 4,503 11,827 TOTAL EXPENDITURES 4,321 16,769 4,565 12,204 OTHER FINANCING SOURCES (USES): Transfers In 3,000 9,417 9,417 - TOTAL OTHER FINANCING SOURCES (USES) 3,000 9,417 9,417 - NET CHANGE IN FUND BALANCE (1,321) (7,352) 4,908 12,260 Fund Balance - Beginning of Year 12,157 12,157 12,157 - Fund Balance - End of Year 10,836$ 4,805$ 17,065$ 12,260$ EXPENDITURES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Current: Fire -$ 9,830$ 1,071$ 8,759$ Debt Service: Interest - 55 55 - TOTAL EXPENDITURES - 9,885 1,126 8,759 OTHER FINANCING SOURCES (USES): Proceeds of Long-Term Debt - 21,503 12,753 (8,750) Payments to Escrow - (4,052) (4,052) - TOTAL OTHER FINANCING SOURCES (USES) - 17,451 8,701 (8,750) NET CHANGE IN FUND BALANCE - 7,566 7,575 9 Fund Balance - Beginning of Year 1,178 1,178 1,178 - Fund Balance - End of Year 1,178$ 8,744$ 8,753$ 9$ Lease Capital Project OTHER GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021 CITY OF HUNTINGTON BEACH SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL (In Thousands) Infrastructure Affordable Housing In-Lieu 282 REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Licenses and Permits 38$ 38$ 115$ 77$ TOTAL REVENUES 38 38 115 77 EXPENDITURES: Current: Community Development 38 38 - 38 TOTAL EXPENDITURES 38 38 - 38 NET CHANGE IN FUND BALANCE - - 115 115 Fund Balance - Beginning of Year 543 543 543 - Fund Balance - End of Year 543$ 543$ 658$ 115$ OTHER FINANCING SOURCES (USES):Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Transfers Out -$ (16)$ (16)$ -$ TOTAL OTHER FINANCING SOURCES (USES) - (16) (16) - NET CHANGE IN FUND BALANCE - (16) (16) - Fund Balance - Beginning of Year 16 16 16 - Fund Balance - End of Year 16$ -$ -$ -$ REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Intergovernmental -$ -$ 12$ 12$ Charges for Current Service 160 160 92 (68) TOTAL REVENUES 160 160 104 (56) EXPENDITURES: Current: Public Works 150 6,348 2,954 3,394 TOTAL EXPENDITURES 150 6,348 2,954 3,394 NET CHANGE IN FUND BALANCE 10 (6,188) (2,850) 3,338 Fund Balance - Beginning of Year 7,084 7,084 7,084 - Fund Balance - End of Year 7,094$ 896$ 4,234$ 3,338$ REVENUES:Original Budget Final Budget Actual Variance with Final Budget Positive (Negative) Use of Money and Property -$ -$ 7$ 7$ TOTAL REVENUES - - 7 7 EXPENDITURES: Current: Information Systems - 418 254 164 TOTAL EXPENDITURES - 418 254 164 NET CHANGE IN FUND BALANCE - (418) (247) 171 Fund Balance - Beginning of Year 3,527 3,527 3,527 - Fund Balance - End of Year 3,527$ 3,109$ 3,280$ 171$ Technology Sewer Development Senior Center Development CITY OF HUNTINGTON BEACH SCHEDULE OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL OTHER GOVERNMENTAL FUNDS FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) Parking In-Lieu 283 THIS PAGE INTENTIONALLY LEFT BLANK 284 THIS PAGE INTENTIONALLY LEFT BLANK 285 City of Huntington Beach Internal Service Funds Internal Services Funds are used to accumulate and allocate costs internally among the City’s various functions.  The Self Insurance Workers’ Comp Fund accounts for the City’s self insurance workers’ compensation program.  The Self Insurance General Liability Fund accounts for the City’s self insurance general liability program.  The Equipment Replacement Fund accounts for the City’s equipment replacement needs. 286 THIS PAGE INTENTIONALLY LEFT BLANK 287 Self Insurance Workers' Comp Self Insurance General Liability Equipment Replacement Fund Internal Service Fund Total ASSETS Current Assets: Cash and Investments 16,197$ 10,337$ 7,322$ 33,856$ Other Receivables, Net 48 30 18 96 Prepaids 600 - 477 1,077 Total Current Assets 16,845 10,367 7,817 35,029 Capital Assets: Machinery and Equipment - - 6,831 6,831 Less Accumulated Depreciation - - (1,527) (1,527) Total Capital Assets - - 5,304 5,304 Total Assets 16,845 10,367 13,121 40,333 DEFERRED OUTFLOWS OF RESOURCES Deferred Outflows Related to Pensions 1,234 - - 1,234 Deferred Outflows Related to Other Postemployment Benefits 10 5 - 15 Total Deferred Outflows of Resources 1,244 5 - 1,249 Total Assets and Deferred Outflows of Resources 18,089$ 10,372$ 13,121$ 41,582$ LIABILITIES Current Liabilities: Accounts Payable 359$ 212$ 144$ 715$ Accrued Payroll 16 - - 16 Interest Payable 4 - - 4 Current Portion of Claims Payable 6,268 3,840 - 10,108 Current Portion of Compensated Absences 12 - - 12 Total Current Liabilities 6,659 4,052 144 10,855 Non-Current Liabilities: Compensated Absences 32 - - 32 Long-Term Obligations Due Within One Year 37 - - 37 Long-Term Obligations Due in More than One Year 1,029 - - 1,029 Net Pension Liability 1,309 - - 1,309 Net Other Postemployment Benefits Liability 11 5 - 16 Claims Payable 28,526 8,145 - 36,671 Total Non-Current Liabilities 30,944 8,150 - 39,094 Total Liabilities 37,603 12,202 144 49,949 DEFERRED INFLOWS OF RESOURCES Deferred Inflows Related to Pensions 61 - - 61 Deferred Inflows Related to Other Postemployment Benefits 9 4 - 13 Total Deferred Inflows of Resources 70 4 - 74 NET POSITION Net Investment in Capital Assets - - 5,304 5,304 Unrestricted (19,584) (1,834) 7,673 (13,745) Total Net Position (19,584) (1,834) 12,977 (8,441) Total Liabilities, Deferred Inflows of Resources, and Net Position 18,089$ 10,372$ 13,121$ 41,582$ Governmental Activities CITY OF HUNTINGTON BEACH STATEMENT OF NET POSITION INTERNAL SERVICE FUNDS June 30, 2021 (In Thousands) 288 Self Insurance Workers' Comp Self Insurance General Liability Equipment Replacement Fund Internal Service Fund Total OPERATING REVENUES Fees and Charges for Service 6,731$ 2,399$ 5,000$ 14,130$ Other 73 - - 73 Total Operating Revenues 6,804 2,399 5,000 14,203 OPERATING EXPENSES Supplies and Operations 1,529 837 2,120 4,486 Claims and Judgments 10,667 11,406 - 22,073 Depreciation - - 714 714 Total Operating Expenses 12,196 12,243 2,834 27,273 Operating Income (5,392) (9,844) 2,166 (13,070) NON-OPERATING REVENUES (EXPENSES) Investment Income (Loss) (4) (78) (8) (90) Interest Expense (4) - - (4) Debt Service (4) - - (4) Total Non-Operating Revenues (Expenses) (12) (78) (8) (98) Income (Loss) Before Transfers (5,404) (9,922) 2,158 (13,168) Change in Net Position (5,404) (9,922) 2,158 (13,168) Net Position - Beginning of Year (14,180) 8,088 10,819 4,727 Net Position - End of Year (19,584)$ (1,834)$ 12,977$ (8,441)$ CITY OF HUNTINGTON BEACH STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) Governmental Activities 289 Self Insurance Workers' Comp Self Insurance General Liability Equipment Replacement Fund Internal Service Fund Total CASH FLOWS FROM OPERATING ACTIVITIES Cash Received from Customers and Users 6,811$2,424$5,006$14,241$ Cash Paid to Employees for Services (1,528)(33) - (1,561) Cash Paid to Suppliers of Goods and Services (6,513) (7,694) (2,555) (16,762) Net Cash and Investment Provided by Operating Activities (1,230) (5,303) 2,451 (4,082) CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES Debt Service (4) - - (4) Proceeds from Issuance of Debt 1,066 - - 1,066 Net Cash and Investments Used by Noncapital Financing Activities 1,062 - - 1,062 CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES Purchase of Capital Assets - - (1,960) (1,960) Net Cash and Investments (Used) by Capital and Related Financing Activities - - (1,960) (1,960) CASH FLOWS FROM INVESTING ACTIVITIES Investment Income (Loss) (4) (78) (8) (90) Net Cash and Investments Provided by Investing Activities (4) (78) (8) (90) Net Increase in Cash and Investments (172) (5,381)483 (5,070) Cash and Investments - Beginning of Year 16,369 15,718 6,839 38,926 Cash and Investments - End of Year 16,197$ 10,337$ 7,322$ 33,856$ RECONCILIATION OF OPERATING INCOME (LOSS) TO NET CASH AND INVESTMENTS PROVIDED (USED) BY OPERATING ACTIVITIES Operating (Loss) (5,392)$ (9,844)$ 2,166$ (13,070)$ Adjustments to Reconcile Operating Income (Loss) to Net Cash and Investments Provided (Used) by Operating Activities Depreciation - - 714 714 Decrease in Other Receivables, Net 7 25 6 38 Decrease (Increase) in Prepaids - - (477) (477) Increase (Decrease) in Accounts Payable 55 80 42 177 Increase (Decrease) in Accrued Payroll (7) - - (7) Increase (Decrease) in Claims Payable 5,188 4,436 - 9,624 Decrease (Increase) in Deferred Pension Outflow (1,093)- - (1,093) Increase (Decrease) in Deferred Pension Inflow 32 - - 32 Increase in Net Pension Liability (19) - - (19) Decrease in Deferred Other Postemployment Benefits Outflow 1 - - 1 Increase in Deferred Other Postemployment Benefits Inflow (1) - - (1) (Decrease) in Ending Net Other Postemployment Benefits Liability(1) - - (1) Net Cash and Investments Provided by Operating Activities (1,230)$ (5,303)$ 2,451$ (4,082)$ NONCASH INVESTING, CAPITAL, AND FINANCING ACTIVITIES There were no noncash investing, capital, or financing activities during the year ended June 30, 2021. Governmental Activities CITY OF HUNTINGTON BEACH STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS FOR THE YEAR ENDED JUNE 30, 2021 (In Thousands) 290 THIS PAGE INTENTIONALLY LEFT BLANK 291 City of Huntington Beach Fiduciary Funds Fiduciary Funds account for assets held by the City as a custodian for other organizations or individuals.  The Community Facilities Districts Funds accounts for the debt service activity of the City’s three community facilities districts.  The Huntington Beach Business Improvement District Fund accounts for the activities of the City’s business improvement district.  The Bella Terra Parking Structure Fund accounts for the activities of the Bella Terra Parking Structure. 292 THIS PAGE INTENTIONALLY LEFT BLANK 293 Custodial Funds Assets: Community Facilities Districts Business Improvement Districts Parking Structure - Bella Terra Total Custodial Funds Current Assets: Cash and Investments 1,286$ 1,184$ $ 2,020 $ 4,490 Cash with Fiscal Agent 1,584 - 1,681 3,265 Accounts Receivable, Net - 697 2 699 Total Assets 2,870 1,881 3,703 8,454 Liabilities: Current Liabilities: Accounts Payable - 1,714 214 1,928 Total Current Liabilities - 1,714 214 1,928 NET POSITION Restricted for Individuals and Organizations 2,870 167 3,489 6,526 Total Net Position 2,870$ 167$ 3,489$ 6,526$ CITY OF HUNTINGTON BEACH COMBINING STATEMENT OF CHANGES IN FIDUCIARY NET POSITION FIDUCIARY FUNDS JUNE 30, 2021 Custodial Funds ADDITIONS Community Facilities Districts Business Improvement Districts Parking Structure - Bella Terra Total Custodial Funds Special Assessments or Special Taxes Collected from Property Owners 1,512$ -$ -$ 1,512$ Business Improvement District Taxes - 4,093 - 4,093 Parking Assessments - - 2,442 2,442 Interest Income 9 - 4 13 Total Additions 1,521 4,093 2,446 8,060 DEDUCTIONS Administrative Costs 40 1 10 51 Payments to other Organizations - 4,121 627 4,748 Interest and Fiscal Agency Expenses 705 - 806 1,511 Principal 955 - 855 1,810 Total Deductions 1,700 4,122 2,298 8,120 Change in Net Position (179) (29) 148 (60) Net Position - Beginning of Year - - - - Cumulative Effect of Changes in Accounting Principles 3,049 196 3,341 6,586 Net Position - Beginning of Year as Restated 3,049 196 3,341 6,586 Net Position - End of Year 2,870$ 167$ 3,489$ 6,526$ CITY OF HUNTINGTON BEACH COMBINING STATEMENT OF FIDUCIARY FUND ASSETS AND LIABILITIES FIDUCIARY FUNDS JUNE 30, 2021 294 THIS PAGE INTENTIONALLY LEFT BLANK 295 City of Huntington Beach Statistical Section This part of the City of Huntington Beach’s Annual Comprehensive Report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information say about the City’s overall financial health. Financial Trends – contains trend information to help the reader understand how the City’s financial performance has changed over time. Revenue Capacity – contains information to help the reader assess the City’s most significant local revenue source, the property tax. Debt Capacity – presents information to assess the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future. Demographic and Economic Information – offers information to help the reader understand the environment within which the City’s financial activities take place. Operating Information – contains service and infrastructure data to help the reader understand how the City’s financial report relates to the services the City provides and the activities it performs. Unless otherwise noted, the information in these schedules is derived from the annual comprehensive financial reports for the relevant year. 296 September 30, Governmental Activities 2021 2020 2019 2018***2017 Net investment in capital assets 699,204$ 673,498$ 664,281$ 650,466$ 646,336$ Restricted 65,755 79,926 66,089 58,537 41,888 Unrestricted (275,159) (274,523) (251,022) (254,528) (262,874) Total Governmental Activities Net Position 489,800$ 478,901$ 479,348$ 454,475$ 425,350$ Business-Type Activities Net investment in capital assets 142,469$ 142,785$ 145,696$ 143,954$ 140,478$ Restricted 20,332 22,248 21,153 25,886 30,444 Unrestricted 39,129 38,482 36,747 27,492 22,228 Total Business-Type Activities Net Position 201,930$ 203,515$ 203,596$ 197,332$ 193,150$ Primary Government Net investment in capital assets 841,673$ 816,283$ 809,977$ 794,420$ 786,814$ Restricted 86,087 102,174 87,242 84,423 72,332 Unrestricted (236,030) (236,041) (214,275) (227,036) (240,646) Total Primary Government Net Position 691,730$ 682,416$ 682,944$ 651,807$ 618,500$ Expenses:September 30, Governmental Activities:2021 2020 2019 2018***2017 City Council 423$ 405$ 360$ 218$ 347$ City Manager 11,163 3,328 4,501 2,063 4,691 City Treasurer 340 317 246 101 216 City Attorney 3,140 3,136 2,886 1,536 3,307 City Clerk 1,147 949 976 475 889 Finance 6,828 6,661 6,245 3,455 6,201 Human Resources*****- - 6,261 4,760 5,693 Community Development*19,716 15,722 6,144 4,301 7,576 Fire 65,960 62,840 56,494 26,688 52,941 Information Services 6,230 8,643 7,530 4,375 7,047 Police 102,415 97,204 87,355 42,109 84,786 Economic Development**- - - - - Community Services 11,365 12,539 13,369 6,768 15,558 Library Services 6,181 5,776 5,206 2,890 5,064 Public Works 40,270 45,834 40,803 23,898 35,373 Non-Departmental****- - - 18,164 29,368 Interest on Long-Term Debt 2,706 1,686 1,823 1,467 2,063 Total Governmental Activities 277,884 265,040 240,199 143,268 261,120 Business-Type Activities Water Utility 46,054 44,463 43,405 28,414 45,940 Sewer Service 9,284 9,828 9,442 6,127 9,351 Refuse Collection 12,936 12,609 12,051 8,916 10,821 Hazmat Service 241 235 234 117 224 Total Business-Type Activities 68,515 67,135 65,132 43,574 66,336 Total Business and Government Type Activities 346,399$ 332,175$ 305,331$ 186,842$ 327,456$ * Planning and Building departments were combined in the year ended September 30, 2011. The combined department was later renamed to Community Development in the year ended September 30, 2016. ** Economic Development was combined with Community Development in the year ended June 30, 2020. Previously, it was combined with the City Manager's Office as of the year ended September 30, 2014. *** The 2018 period reflects nine months of activity only as the fiscal year change resulted in reporting period from October 1, 2017 to June 30, 2018. **** Beginning with the fiscal year ended June 30, 2019, non-departmental expenditures are no longer presented separately but are included as part of functional expenditures. ***** Human Resources was combined with the City Manager's Office in the year ended June 30, 2020. June 30, CHANGES IN NET POSITION - LAST TEN FISCAL YEARS (In Thousands) Fiscal Year Ended CITY OF HUNTINGTON BEACH CITY OF HUNTINGTON BEACH Fiscal Year Ended (In Thousands) NET POSITION BY COMPONENT - LAST TEN FISCAL YEARS June 30, 297 Governmental Activities 2016 2015 2014 2013 2012 Net investment in capital assets 624,180$ 615,512$ 618,825$ 617,267$ 612,346$ Restricted 41,555 52,270 34,018 51,867 44,220 Unrestricted (222,863) (222,787) 89,524 54,076 53,098 Total Governmental Activities Net Position 442,872$ 444,995$ 742,367$ 723,210$ 709,664$ Business-Type Activities Net investment in capital assets 142,566$ 142,616$ 140,770$ 145,886$ 134,129$ Restricted 32,049 28,096 27,951 27,488 27,804 Unrestricted 21,997 28,476 53,166 65,595 63,686 Total Business-Type Activities Net Position 196,612$ 199,188$ 221,887$ 238,969$ 225,619$ Primary Government Net investment in capital assets 766,746$ 758,128$ 759,595$ 763,153$ 746,475$ Restricted 73,604 80,366 61,969 79,355 72,024 Unrestricted (200,866) (194,311) 142,690 119,671 116,784 Total Primary Government Net Position 639,484$ 644,183$ 964,254$ 962,179$ 935,283$ Expenses: Governmental Activities:2016 2015 2014 2013 2012 City Council 321$ 270$ 258$ 271$ 310$ City Manager 3,849 3,302 3,878 1,583 1,767 City Treasurer 208 158 169 132 141 City Attorney 2,598 2,284 2,321 2,221 2,313 City Clerk 806 855 747 797 689 Finance 5,765 5,208 5,314 4,825 4,573 Human Resources*****6,814 5,169 4,616 5,032 4,743 Community Development*7,208 6,605 7,091 6,155 6,123 Fire 47,965 42,162 43,194 36,323 35,336 Information Services 6,852 6,552 6,456 6,096 5,857 Police 74,943 64,048 66,681 60,466 60,690 Economic Development**- - - 8,395 3,703 Community Services 9,935 13,809 12,509 15,521 15,586 Library Services 4,611 4,246 4,024 3,873 3,777 Public Works 31,791 27,979 31,691 28,500 26,508 Non-Departmental****35,240 24,080 21,602 25,563 19,190 Interest on Long-Term Debt 2,119 2,245 1,946 2,289 2,376 Total Governmental Activities 241,025 208,972 212,497 208,042 193,682 Business-Type Activities Water Utility 41,643 38,614 41,499 38,446 37,437 Sewer Service 8,729 8,192 9,712 7,253 7,623 Refuse Collection 11,277 11,308 11,145 10,882 10,785 Hazmat Service 244 204 231 220 216 Total Business-Type Activities 61,893 58,318 62,587 56,801 56,061 Total Business and Government Type Activities 302,918$ 267,290$ 275,084$ 264,843$ 249,743$ CHANGES IN NET POSITION - LAST TEN FISCAL YEARS (In Thousands) (continued) Fiscal Year Ended September 30, CITY OF HUNTINGTON BEACH CITY OF HUNTINGTON BEACH NET POSITION BY COMPONENT - LAST TEN FISCAL YEARS (In Thousands) (continued) Fiscal Year Ended September 30, 298 Program Revenues:September 30, Governmental Activities:2021 2020 2019 2018***2017 Charges for Services City Council 162$ 177$ 149$ 91$ 108$ City Manager 4,208 5,315 3,300 2,374 3,515 City Treasurer 149 163 135 81 100 City Attorney 6 7 7 4 5 City Clerk 30 220 327 229 257 Finance 3,055 3,302 2,899 1,746 2,047 Human Resources*****- - 751 373 654 Community Development*8,353 10,037 7,459 5,448 7,448 Fire 8,877 10,122 9,831 9,104 10,296 Information Services 610 636 628 381 501 Police 6,477 5,329 6,044 4,703 4,968 Economic Development**- - - - - Community Services 15,558 17,631 23,530 19,245 21,693 Library Services 153 266 308 237 476 Public Works 6,045 6,614 6,368 4,392 5,392 Non-Departmental****- - - 916 1,116 Total Charges for Services 53,683 59,819 61,736 49,324 58,576 Operating Grants 6,013 8,141 6,644 3,976 7,329 Capital Grants 10,192 14,483 8,361 6,055 3,408 Total Governmental Activities Program Revenue 69,888 82,443 76,741 59,355 69,313 Business-Type Activities: Water Utility 42,523 40,518 43,958 29,530 39,938 Sewer Service 10,828 10,900 11,868 8,362 10,854 Refuse Collection 13,014 12,573 12,022 8,820 11,282 Hazmat Service 266 279 276 25 287 Total Business-Type Activities Program Revenues 66,631 64,270 68,124 46,737 62,361 Total Primary Government Program Revenue 136,519 146,713 144,865 106,092 131,674 Net (Expense) Revenue: Governmental Activities (207,996) (182,597) (188,299) (180,844) (73,955) Business-Type Activities (1,884) (2,865) 989 (18,395) 18,787 Total Net (Expense) Revenue (209,880) (185,462) (187,310) (199,239) (55,168) General Revenue and Other Changes in Net Position Governmental Activities: Property Taxes 99,958 94,263 61,185 82,925 87,128 Sales Taxes 51,162 44,616 33,844 43,551 34,289 Utility Taxes 18,374 18,149 14,014 19,303 19,482 Other Taxes 17,293 18,635 14,883 17,991 17,313 Use of Money and Property 4,399 3,208 2,158 3,370 3,618 From Other Agencies 22,000 3,317 2,263 3,896 4,397 Other - - 2,811 2,438 5,693 Transfers (38) (38) (332) (51) (38) Total Governmental Activities General Revenues 213,148 182,150 130,826 173,423 171,882 Business-Type Activities: Use of Money and Property 261 2,746 279 462 939 Transfers 38 38 332 51 38 Total Business-Type Activities General Revenues 299 2,784 611 513 977 Total General Revenues and Transfers 213,447 184,934 131,437 173,936 172,859 Extraordinary Gain - - - - - Changes in Net Position - Governmental Activities 5,152 (447) (57,473) (7,421) 97,927 Changes in Net Position - Business-Type Activities (1,585) (81) 3,603 3,676 (2,998) Net Position - Beginning of Year 682,416 682,944 627,548 630,431 535,502 Prior Period Adjustment - Governmental Activities 5,747 - (17,788) 862 - Prior Period Adjustment - Business-Type Activities - - 408 - - Net Position - Beginning of Year as restated 688,163 682,944 610,168 631,293 535,502 Net Position - End of Year 691,730$ 682,416$ 556,298$ 627,548$ 630,431$ * Planning and Building departments were combined in the year ended September 30, 2011. The combined department was later renamed to Community Development in the year ended September 30, 2016. ** Economic Development was combined with Community Development in the year ended June 30, 2020. Previously, it was combined with the City Manager's Office as of the year ended September 30, 2014. *** The 2018 period reflects nine months of activity only as the fiscal year change resulted in reporting period from October 1, 2017 to June 30, 2018. **** Beginning with the fiscal year ended June 30, 2019, non-departmental expenditures are no longer presented separately but are included as part of functional expenditures. ***** Human Resources was combined with the City Manager's Office in the year ended June 30, 2020. Fiscal Year Ended CHANGES IN NET POSITION - LAST TEN FISCAL YEARS CITY OF HUNTINGTON BEACH (In Thousands) June 30, 299 Program Revenues: Governmental Activities:2016 2015 2014 2013 2012 Charges for Services City Council 116$ 71$ 68$ 66$ 65$ City Manager 3,029 2,994 2,835 134 130 City Treasurer 101 639 621 602 585 City Attorney 4 143 139 135 131 City Clerk 201 199 321 248 170 Finance 2,277 1,353 1,313 1,275 1,238 Human Resources*****513 1,263 2,499 1,236 1,150 Community Development*9,252 10,670 9,357 9,411 7,706 Fire 9,894 8,625 8,672 9,482 9,497 Information Services 521 834 809 786 763 Police 5,958 5,512 5,170 4,653 5,073 Economic Development**- - - 2,505 2,303 Community Services 18,853 18,569 18,055 17,832 17,792 Library Services 408 495 434 634 466 Public Works 5,733 6,474 6,367 7,315 5,482 Non-Departmental****1,290 327 318 306 281 Total Charges for Services 58,150 58,168 56,978 56,620 52,832 Operating Grants 4,723 7,458 7,958 7,303 5,088 Capital Grants 5,939 9,809 5,486 7,191 6,624 Total Governmental Activities Program Revenue 68,812 75,435 70,422 71,114 64,544 Business-Type Activities: Water Utility 35,765 35,350 36,944 38,679 35,926 Sewer Service 11,280 11,239 10,665 12,267 11,546 Refuse Collection 11,215 11,221 11,006 10,950 10,786 Hazmat Service 235 222 183 278 154 Total Business-Type Activities Program Revenues 58,495 58,032 58,798 62,174 58,412 Total Primary Government Program Revenue 127,307 133,467 129,220 133,288 122,956 Net (Expense) Revenue: Governmental Activities (192,308) (165,590) (138,550) (141,383) (143,498) Business-Type Activities (7,841) (3,861) 480 (413) 1,611 Total Net (Expense) Revenue (200,149) (169,451) (138,070) (141,796) (141,887) General Revenue and Other Changes in Net Position Governmental Activities: Property Taxes 82,615 81,355 74,795 74,856 86,056 Sales Taxes 33,063 29,243 30,276 30,051 25,339 Utility Taxes 20,229 20,621 20,764 20,152 19,135 Other Taxes 16,464 15,601 14,568 12,930 13,368 Use of Money and Property 5,551 3,725 2,816 3,434 3,239 From Other Agencies 5,653 4,279 6,003 6,585 5,647 Other 4,440 6,903 5,240 4,941 3,060 Transfers 35 (38) (38) (38) (38) Total Governmental Activities General Revenues 168,050 161,689 154,424 152,911 155,806 Business-Type Activities: Use of Money and Property 1,281 1,015 137 1,100 1,135 Transfers (35) 38 38 38 38 Total Business-Type Activities General Revenues 1,246 1,053 175 1,138 1,173 Total General Revenues and Transfers 169,296 162,742 154,599 154,049 156,979 Extraordinary Gain - - (4,669) 23,960 - Changes in Net Position - Governmental Activities (24,258) (3,901) 11,205 35,488 12,308 Changes in Net Position - Business-Type Activities (2,152) 767 (3,614) 6,511 3,524 Net Position - Beginning of Year 919,403 937,340 921,228 879,229 863,397 Prior Period Adjustment - Governmental Activities (333,677) (457) 719 - - Prior Period Adjustment - Business-Type Activities (23,814) (14,346) 7,802 - - Net Position - Beginning of Year as restated 561,912 922,537 929,749 879,229 863,397 Net Position - End of Year 535,502$ 919,403$ 937,340$ 921,228$ 879,229$ September 30, CITY OF HUNTINGTON BEACH CHANGES IN NET POSITION - LAST TEN FISCAL YEARS (In Thousands) Fiscal Year Ended (continued) 300 Fiscal Year Ended September 30, 2021 2020 2019 2018 2017 General Fund: Nonspendable 115$ 120$ 23$ 41$ -$ Restricted 13,561 9,320 8,154 6,384 2,671 Committed 25,565 25,010 25,011 25,011 25,011 Assigned 55,368 45,638 45,825 34,464 33,498 Unassigned - - - 2,734 - Total General Fund 94,609$ 80,088$ 79,013$ 68,634$ 61,180$ Other Governmental Funds: Nonspendable 105$ 50$ 64$ 726$ -$ Restricted 70,161 71,671 59,213 52,742 40,588 Committed 26,857 21,735 20,308 20,800 17,686 Assigned 3,280 3,527 3,614 2,701 826 Total Other Governmental Funds 100,403$ 96,983$ 83,199$ 76,969$ 59,100$ 2016 2015 2014 2013 2012 General Fund: Nonspendable -$ 4,479$ 4,378$ 4,040$ 4,633$ Restricted 2,637 2,871 2,070 1,878 1,387 Committed 25,011 25,011 25,011 24,011 - Assigned 35,199 32,431 29,595 24,578 48,415 Total General Fund 62,847$ 64,792$ 61,054$ 54,507$ 54,435$ Other Governmental Funds: Restricted 40,293$ 45,515$ 27,214$ 27,425$ 27,722$ Committed 21,368 21,659 16,447 11,098 6,745 Assigned 838 161 151 316 1,181 Unassigned - - - (210) (395) Total Other Governmental Funds 62,499$ 67,335$ 43,812$ 38,629$ 35,253$ Fiscal Year Ended September 30, Fiscal Year Ended June 30, CITY OF HUNTINGTON BEACH FUND BALANCES - GOVERNMENTAL FUNDS - LAST TEN FISCAL YEARS (In Thousands) (Modified Accrual Basis of Accounting) 301 THIS PAGE INTENTIONALLY LEFT BLANK 302 September 30, 2021 2020 2019 2018*2017 REVENUES: Property Taxes 99,958$ 94,263$ 89,367$ 80,614$ 80,826$ Sales Taxes 51,162 44,616 47,437 33,844 43,551 Utility Taxes 18,374 18,149 18,788 14,014 19,303 Other Taxes 25,745 24,578 27,196 18,409 17,991 Licenses and Permits 8,213 11,266 8,574 6,293 8,812 Fines and Forfeitures 4,619 3,403 4,300 3,048 3,995 From Use of Money and Property 19,163 27,863 23,276 11,600 17,210 From Other Agencies 29,836 11,309 13,072 10,384 15,293 Charges for Current Service/Other Revenue 27,428 34,772 33,787 30,216 32,351 TOTAL REVENUES 284,498 270,219 265,797 208,422 239,332 EXPENDITURES Current: City Council 1,043 394 369 279 333 City Manager 15,976 4,342 6,598 3,143 4,116 City Treasurer 837 297 248 134 201 City Attorney 7,714 2,898 2,874 2,037 3,052 City Clerk 2,810 886 981 602 830 Finance 16,173 6,200 6,484 4,376 5,763 Human Resources******- - 6,362 5,323 5,535 Community Development**39,212 14,692 8,138 5,554 6,963 Fire 149,726 56,477 54,431 36,347 46,831 Information Systems 19,095 8,473 8,342 5,385 6,603 Police 232,438 87,682 83,546 57,916 75,015 Economic Development***- - - - - Community Services 25,064 14,429 11,720 7,958 14,124 Library Services 14,099 5,199 4,944 3,436 4,422 Public Works 88,007 47,655 46,878 30,357 38,635 Non-Departmental*****- - - 22,432 28,396 Capital Outlay****- - - - - Debt Service: Principal 3,983 5,122 5,346 311 5,091 Interest 937 1,748 1,890 965 2,066 TOTAL EXPENDITURES 617,114 256,494 249,151 186,555 247,976 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (332,616) 13,725 16,646 21,867 (8,644) OTHER FINANCING SOURCES (USES): Transfers In 13,058 10,009 11,190 13,261 6,692 Issuance of Long-Term Debt (453) 1,172 - - 2,767 Issuance Premium 1,743 - - - - Issuance Discount (649) - - - - Proceeds of Long Term Debt 372,463 - - - - Payments to Escrow (28,256) - - - - Transfers Out (13,096) (10,047) (11,227) (13,593) (6,743) TOTAL OTHER FINANCING SOURCES (USES)344,810 1,134 (37) (332) 2,716 Extraordinary Item - Dissolution of RDA - - - - - INCREASE (DECREASE) IN FUND BALANCES 12,194$ 14,859$ 16,609$ 21,535$ (5,928)$ DEBT SERVICE AS A PERCENTAGE OF NON-CAPITAL EXPENDITURES 0.8%3.0%3.3%0.7%3.2% * The 2017-18 period reflects nine months of activity only as the fiscal year change resulted in a nine month reporting period from October 1, 2017 to June 30, 2018. ** Planning and Building departments were combined in the year ended September 30, 2011. The department was later renamed to Community Development in the year ended September 30, 2016. *** Economic Development was combined with Community Development in the year ended June 30, 2020. Previously, it was combined with the City Manager's Office as of the year ended September 30, 2014. (Modified Accrual Basis of Accounting) Fiscal Year Ended June 30, CITY OF HUNTINGTON BEACH CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS - LAST TEN FISCAL YEARS (In Thousands) 303 (continued) 2016 2015 2014 2013 2012 REVENUES: Property Taxes 86,382$ 82,472$ 79,460$ 74,442$ 74,554$ Sales Taxes 39,305 32,234 30,454 29,763 29,126 Utility Taxes 19,482 20,229 20,621 20,764 20,152 Other Taxes 17,313 16,464 15,601 14,568 12,930 Licenses and Permits 9,820 9,270 7,976 9,880 7,773 Fines and Forfeitures 5,144 4,746 4,392 4,058 4,252 From Use of Money and Property 18,055 17,473 16,695 16,046 16,855 From Other Agencies 13,712 18,634 16,804 18,237 18,537 Charges for Current Service/Other Revenue 32,506 35,869 33,886 34,150 30,051 TOTAL REVENUES 241,719 237,391 225,889 221,908 214,230 EXPENDITURES Current: City Council 318 278 258 260 310 City Manager 3,092 2,703 3,040 1,574 1,758 City Treasurer 204 167 169 132 141 City Attorney 2,539 2,425 2,321 2,221 2,313 City Clerk 790 895 747 797 689 Finance 5,659 5,452 5,314 4,825 4,573 Human Resources******6,776 4,606 4,298 5,661 5,213 Community Development**7,062 6,954 7,091 6,155 6,119 Fire 46,200 45,008 42,602 35,920 35,145 Information Systems 6,742 6,846 6,456 6,096 5,857 Police 72,612 68,940 66,628 60,460 60,249 Economic Development***- - - 7,012 3,389 Community Services 10,768 10,223 10,040 13,952 14,082 Library Services 4,247 4,146 3,739 3,588 3,492 Public Works 23,659 23,820 22,872 22,169 22,666 Non-Departmental*****24,670 20,067 21,033 19,684 15,455 Capital Outlay****27,269 14,986 10,729 10,745 11,096 Debt Service: Principal 5,933 5,454 4,797 9,381 6,012 Interest 2,138 2,226 1,987 2,321 2,564 TOTAL EXPENDITURES 250,678 225,196 214,121 212,953 201,123 EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES (8,959) 12,195 11,768 8,955 13,107 OTHER FINANCING SOURCES (USES): Transfers In 9,034 12,158 9,832 9,501 18,904 Issuance of Long-Term Debt 10,197 - - Issuance Premium - - - - - Issuance Discount - - - - - Proceeds of Long Term Debt - - - - - Payments to Escrow - - - - - Transfers Out (17,053) (14,238) (9,870) (10,339) (18,942) TOTAL OTHER FINANCING SOURCES (USES)2,178 (2,080) (38) (838) (38) Extraordinary Item - Dissolution of RDA - - - (4,669) (11,839) INCREASE (DECREASE) IN FUND BALANCES (6,781)$ 10,115$ 11,730$ 3,448$ 1,230$ DEBT SERVICE AS A PERCENTAGE OF NON-CAPITAL EXPENDITURES 3.6%3.7%3.3%5.8%4.5% **** Beginning with the fiscal year ended September 30, 2017, capital outlay expenditures are no longer presented separately but are included as part of functional expenditures. However, capital outlay expenditures are excluded in the calculation of debt service as a percentage of non-capital expenditures. ***** Beginning with the fiscal year ended June 30, 2019, non-departmental expenditures are no longer presented separately but are included as part of functional expenditures. ****** Human Resources was combined with the City Manager's Office in the year ended June 30, 2020. CITY OF HUNTINGTON BEACH CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS - LAST TEN FISCAL YEARS (In Thousands) September 30, (Modified Accrual Basis of Accounting) Fiscal Year Ended 304 Fiscal Year Common Property Public Utilities Total Secured Unsecured Total Assessed Valuation Total Direct Tax Rate 2011-2012 25,480,770 72,602 25,553,372 1,170,004 26,723,376 0.17082 2012-2013 26,927,738 60,802 26,988,540 1,056,938 28,045,478 0.17082 2013-2014 28,005,989 53,702 28,059,691 1,106,038 29,165,729 0.17082 2014-2015 29,723,274 74,102 29,797,376 989,809 30,787,185 0.17082 2015-2016 31,193,211 66,802 31,260,013 1,132,728 32,392,741 0.17082 2016-2017 32,540,317 55,802 32,596,119 1,067,760 33,663,879 0.17082 2017-2018 34,199,035 41,102 34,240,137 1,100,077 35,340,214 0.17082 2018-2019 35,941,648 61,202 36,002,850 1,117,879 37,120,729 0.17082 2019-2020 37,741,095 518 37,741,613 1,145,838 38,887,451 0.17082 2020-2021 39,449,688 518 39,450,206 1,111,018 40,561,224 0.17082 Source: County of Orange Auditor Controller Fiscal Year City Basic Rate (1), (2) City Other School Districts Metro Water District Others 2011-2012 0.15582 0.01500 0.58334 0.00370 0.32513 1.08299 2012-2013 0.15582 0.01500 0.60412 0.00350 0.30798 1.08642 2013-2014 0.15582 0.01500 0.59841 0.00350 0.31444 1.08717 2014-2015 0.15582 0.01500 0.62448 0.00350 0.29444 1.09324 2015-2016 0.15582 0.01500 0.07615 0.00350 0.84418 1.09465 2016-2017 0.15582 0.01500 0.07786 0.00350 0.83599 1.08817 2017-2018 0.15582 0.01500 0.09970 0.00350 0.84418 1.11820 2018-2019 0.15582 0.01500 0.09246 0.00350 0.84418 1.11096 2019-2020 0.15582 0.01500 0.07541 0.00350 0.85665 1.10638 2020-2021 0.15582 0.01500 0.07541 0.00350 0.84418 1.09391 Note: Rates are per $100 of assessed valuation Source: County of Orange Auditor Controller (1) Excludes rates associated with Mello-Roos Districts (2) In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1% fixed amount. This 1% is shared by all taxing agencies for which the subject property resides. In 1986, the State Constitution was amended to allow rates over the 1% base rate for voter approved general obligation debt. Valuations of real property are frozen at the value of the property in 1975, with an allowable adjustment up to 2% per year for inflation. However, property is assessed to its current value when a change of ownership occurs. New construction, including tenant improvements, is assessed at its current value. Direct Total Direct and Overlapping Overlapping CITY OF HUNTINGTON BEACH ASSESSED AND ACTUAL VALUATION OF ALL TAXABLE PROPERTY (EXCLUDING REDEVELOPMENT AGENCY) LAST TEN FISCAL YEARS LAST TEN FISCAL YEARS (In Thousands) PROPERTY TAX RATES ALL DIRECT AND OVERLAPPING GOVERNMENTS TAX RATE 04-001 LARGEST AREA IN CITY 305 Fiscal Year Total Levy Amount Percentage of Levy Delinquent Tax Collections Amount Percentage of Levy Delinquent Taxes Receivable Delinquency Percent Secured Taxes 2011-2012 44,304 42,611 96.2% 951 43,562 98.3% 660 1.5% 2012-2013 47,162 45,722 96.9% 855 46,577 98.8% 565 1.2% 2013-2014 49,808 48,452 97.3% 656 49,108 98.6% 545 1.1% 2014-2015 52,188 50,759 97.3% 576 51,335 98.4% 519 1.0% 2015-2016 55,886 53,916 96.5% 546 54,462 97.5% 1,263 2.3% 2016-2017 58,258 56,481 96.9% 525 57,006 97.9% 1,253 2.2% 2017-2018 62,418 59,731 95.7% 474 60,205 96.5% 2,073 3.3% 2018-2019 63,934 62,222 97.3% 622 62,844 98.3% 920 1.4% 2019-2020 66,411 64,767 97.5% 496 65,263 98.3% 1,092 1.6% 2020-2021 69,341 67,887 97.9% 626 68,513 98.8% 926 1.3% Unsecured Taxes 2011-2012 1,863 1,731 92.9%28 1,759 94.4%68 3.7% 2012-2013 1,882 1,653 87.8%23 1,676 89.1%62 3.3% 2013-2014 1,922 1,693 88.1%33 1,726 89.8%76 4.0% 2014-2015 2,016 1,839 91.2%37 1,876 93.1%69 3.4% 2015-2016 1,925 1,740 90.4%35 1,775 92.2%39 2.0% 2016-2017 1,899 1,692 89.1%23 1,715 90.3%34 1.8% 2017-2018 1,964 1,829 93.1%28 1,857 94.6%26 1.3% 2018-2019 1,964 1,804 91.9%20 1,824 92.9%29 1.5% 2019-2020 2,038 1,906 93.5%15 1,921 94.3%43 2.1% 2020-2021 2,143 1,955 91.2%26 1,981 92.4%82 3.8% Community Facilities Districts 2011-2012 4,106 4,091 99.6%3 4,094 99.7%2 0.0% 2012-2013 4,093 4,077 99.6%4 4,081 99.7%4 0.1% 2013-2014 3,968 3,957 99.7%6 3,963 99.9%- 0.0% 2014-2015 3,981 3,967 99.6%1 3,968 99.7%2 0.1% 2015-2016 4,121 4,106 99.6%9 4,115 99.9%2 0.0% 2016-2017 4,098 4,085 99.7%2 4,087 99.7%- 0.0% 2017-2018 4,141 4,128 99.7%5 4,133 99.8%- 0.0% 2018-2019 4,099 4,086 99.7%3 4,089 99.8%1 0.0% 2019-2020 4,053 4,027 99.4%2 4,029 99.4%14 0.3% 2020-2021 3,949 3,937 99.7%- 3,937 99.7%- 0.0% Note: The levy and tax year is for July 1st through June 30th and does not include the Redevelopment Agency. 2011/2012 to current fiscal year includes the following: Unsecured: includes aircraft unsecured tax. Does not include CFD. Miscellaneous: excluded from all tables. Delinquency Amount: reflects the "unpaid" amounts as stated in the OC Auditor-Controller website. Secured: includes supplemental, st ltg reorg, nuisance abatement, weed abatement, retirement override, tax admin charges, and community interest. Does not include CFD. CITY OF HUNTINGTON BEACH Collected within the Fiscal Year of the Levy Total Collections Source: County of Orange Auditor Controller's Office (In Thousands) LAST TEN FISCAL YEARS PROPERTY TAX LEVIES AND COLLECTIONS 306 2020-2021 Taxable Assessed Value Percent (In Thousands)of Total TAV AES Huntington Beach Energy, LLC 793,339$ 1.96% Bella Terra Associates LLC 389,326 0.96% PCH Beach Resort LLC 225,367 0.56% DCO Pacific City LLC 221,223 0.55% The Waterfront Hotel LLC 145,907 0.36% One Pacific Plaza Owner LLC 127,420 0.31% Pacific City Hotel LLC 118,448 0.29% Bella Terra Villas LLC 110,349 0.27% PC Group Retail LLC 92,869 0.23% Onni Huntington Beach LLC 89,960 0.22% Total Top Ten 2,314,208 5.71% All Other Property Taxpayers 38,247,016 94.29% City Total 40,561,224$ 100.00% 2011-2012 Taxable Assessed Value Percent (In Thousands)of Total TAV The Boeing Company/McDonnell Douglas Corporation 302,894$ 1.13% Bella Terra Associates LLC 299,064 1.12% Mayer Financial LP 199,083 0.74% CIM Huntington LLC 151,838 0.57% Pacific Sands LLC 84,960 0.32% AES Huntington Beach LLC 72,600 0.27% United Dominion Realty LP 68,702 0.26% Seacliff Village Shopping Center Inc 64,483 0.24% Cambro Manufacturing Company 60,817 0.23% NF Huntington Plaza LP 59,496 0.22% Total Top Ten 1,363,937 5.10% All Other Property Taxpayers 25,359,439 94.90% City Total 26,723,376$ 100.00% Source: County of Orange Auditor Controller's Office Note: Information provided for the period from July 1st through June 30th. TOP TEN PROPERTY TAXPAYERS CURRENT YEAR AND NINE YEARS AGO CITY OF HUNTINGTON BEACH 307 THIS PAGE INTENTIONALLY LEFT BLANK 308 September 30, Long-Term Indebtedness 2021 2020 2019 2018***2017 Governmental Activities: Judgement Obligation Bonds -$ -$ -$ -$ -$ Public Financing Authority: 2010(a) Lease Revenue Bonds - 7,410 8,235 9,030 9,030 2011(a) Lease Revenue Bonds - 15,725 17,770 19,735 19,735 2014(a) Lease Revenue Bonds 11,880 12,530 13,145 13,740 13,740 2020(a) Lease Revenue Bonds 4,835 - - - - 2020(b) Lease Revenue Bonds 12,830 - - - - Total Public Financing Authority 29,545 35,665 39,150 42,505 42,505 Other Long-Term Obligations: Leases Payable 12,753 5,241 5,083 6,079 6,286 PARS Payable - - - - - Section 108 Loan City - - - 430 430 LED Lighting Phase I 432 546 656 762 866 CEC 2,457 2,588 2,818 3,000 3,000 I-Bank 1,882 2,171 2,454 2,730 2,730 Pension Obligation Bonds 341,501 - - - - Total Other Long-Term Obligations 359,025 10,546 11,011 13,001 13,312 Total Long-Term Obligations - Governmental Activities 388,570 46,211 50,161 55,506 55,817 Long-Term Obligations - Business-Type Activities: Leases Payable - - - - - Pension Obligation Bonds 22,144 - - - - Total Long-Term Obligations - Business-Type Activities 22,144 - - - - Total Long Term Obligations - Governmental Activities and Business-Type Activities 410,714$ 46,211$ 50,161$ 55,506$ 55,817$ 2021 2020 2019 2018***2017 Population 198,039 200,748 202,265 201,761 202,413 Debt Per Capita 2,074$ 230$ 248$ 275$ 276$ Total Personal Income (In Thousands)*9,659,154$ 9,450,814$ 9,222,677$ 8,849,843$ 8,878,441$ Per Capita Personal Income*48,774$ 47,078$ 45,597$ 43,863$ 43,863$ Unemployment Rate**4.70% 8.60% 2.60% 2.70%2.80% Total Employment**105,600 96,200 110,500 109,900 103,200 * Source: Claritas, Inc. ** Source: State of California Employment Development Department *** The 2017-18 period reflects nine months of activity only as the fiscal year change resulted in a nine month reporting period from October 1, 2017 to June 30, 2018. Fiscal Year Ended CITY OF HUNTINGTON BEACH RATIOS OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS (In Thousands) June 30, 309 Long-Term Indebtedness 2016 2015 2014 2013 2012 Governmental Activities: Judgement Obligation Bonds 659$ 1,634$ 2,574$ 3,474$ 4,339$ Public Financing Authority: 2010(a) Lease Revenue Bonds 9,795 10,525 11,230 11,910 12,565 2011(a) Lease Revenue Bonds 21,650 24,985 28,165 31,195 34,155 2014(a) Lease Revenue Bonds 14,315 14,865 - - - 2020(a) Lease Revenue Bonds - - - - - 2020(b) Lease Revenue Bonds - - - - - Total Public Financing Authority 45,760 50,375 39,395 43,105 46,720 Other Long-Term Obligations: Leases Payable 4,130 - - - 290 PARS Payable - - 29 56 4,517 Section 108 Loan City 625 805 975 1,135 1,285 LED Lighting Phase I 966 1,063 - - - CEC 3,000 - - - - I-Bank 3,000 - - - - Pension Obligation Bonds - - - - - Total Other Long-Term Obligations 11,721 1,868 1,004 1,191 6,092 Total Long-Term Obligations - Governmental Activities 58,140 53,877 42,973 47,770 57,151 Long-Term Obligations - Business-Type Activities: Leases Payable - - - - 3 Pension Obligation Bonds - - - - - Total Long-Term Obligations - Business-Type Activities - - - - 3 Total Long Term Obligations - Governmental Activities and Business-Type Activities 58,140$ 53,877$ 42,973$ 47,770$ 57,154$ 2016 2015 2014 2013 2012 Population 201,919 198,389 195,999 193,616 192,524 Debt Per Capita 288$ 272$ 219$ 247$ 297$ Total Personal Income (In Thousands)*8,880,801$ 8,725,545$ 8,278,410$ 7,839,899$ 7,573,894$ Per Capita Personal Income*43,982$ 43,982$ 42,237$ 40,492$ 39,340$ Unemployment Rate**3.90% 3.90% 3.60% 3.60% 4.30% Total Employment**107,200 104,000 120,200 120,200 119,600 September 30, Fiscal Year Ended CITY OF HUNTINGTON BEACH RATIOS OF OUTSTANDING DEBT BY TYPE LAST TEN FISCAL YEARS (In Thousands) 310 2011-2012 - 2012-2013 - 2013-2014 - 2014-2015 - 2015-2016 - 2016-2017 - 2017-2018 - 2018-2019 - 2019-2020 - 2020-2021 - CITY OF HUNTINGTON BEACH LAST TEN FISCAL YEARS Assessed Valuation Debt Limit - 12% of Assessed Valuation Debt Applicable to Limit Legal Debt MarginFiscal Year (In Thousands) LEGAL DEBT MARGIN 26,723,376 3,206,805 3,206,805 28,045,478 3,365,457 3,365,457 29,165,729 3,499,887 3,499,887 30,787,185 3,694,462 3,694,462 32,392,741 3,887,129 3,887,129 33,663,879 4,039,665 4,039,665 35,340,214 4,240,826 4,240,826 4,867,347 4,867,347 37,120,729 4,454,487 4,454,487 38,887,451 4,666,494 4,666,494 40,561,224 311 2020/21 Assessed Valuation: $44,615,313,174 Debt Repaid with Property Taxes (Tax and Assessment Debt): Overlapping Tax and Assessment Debt Percent Applicable* Debt Applicable to City Metropolitan Water District 1.365% 366,230 Coast Community College District 28.593% 253,416,850 Huntington Beach Union High School District 73.089% 127,602,429 Fountain Valley School District 26.863% 15,812,905 Huntington Beach City School District 99.949% 153,985,389 Ocean View School District 93.589% 33,205,377 Westminster School District 23.996% 26,967,358 Los Alamitos Unified School District Facilities District No. 1 1.190% 2,394,342 City of Huntington Beach Community Facilities Districts (1990-1, 2000-1, 2002-1, 2003-1) 100.000% 28,395,000 Total Overlapping Tax and Assessment Debt 642,145,880$ Direct and Overlapping General Fund Debt Orange County General Fund Obligations 6.806% 25,991,093 Orange County Pension Obligations 6.806% 33,030,757 Orange County Board of Education Certificates of Participation 6.806% 837,819 North Orange County Regional Occupation Program Certificates of Participation 0.087% 7,473 Coast Community College District General Fund Obligations 28.593% 640,483 Coast Community College District Pension Obligation Bonds 28.593% 651,920 Huntington Beach Union High School District Certificates of Participation 73.089% 44,884,752 Los Alamitos Unified School District Certificates of Participation 1.069% 390,500 Huntington Beach School District General Fund Obligations 99.949% 17,288,610 Ocean View School District Certificates of Participation 93.589%16,836,661 Westminster School District General Fund Obligations 23.993% 7,480,753 City of Huntington Beach General Fund Obligations: 100.000% 47,069,157 City of Huntington Beach Pension Obligation Bonds 100.000% 363,645,000 Total Direct and Overlapping General Fund Obligation Debt 558,754,978$ Overlapping Tax Increment Debt (Successor Agency)100.000% 4,985,000 Total Direct Debt 410,714,157$ Total Overlapping Debt 795,171,701 Combined Total Debt 1,205,885,858$ (1) Excludes tax and revenue anticipation notes, enterprise revenue, mortgage revenue, and non-bonded capital lease obligations. Ratios to Adjusted Assessed Valuations Combined Direct Debt ($393,621,687) 0.92% Combined Total Debt 2.70% Ratios to Redevelopment Successor Agency Incremental Valuation ($3,835,496,390) Total Overlapping Tax Increment Debt 0.13% Source: California Municipal Statistics and City of Huntington Beach Finance Department STATEMENT OF DIRECT AND OVERLAPPING BONDED DEBT JUNE 30, 2021 CITY OF HUNTINGTON BEACH * 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. 312 2021 % of total The Boeing Company 3,112 2.95% Safran Cabin Inc 884 0.84% No Ordinary Moments 646 0.61% Hyatt Regency Huntington Beach 641 0.61% Boardriders Wholesale LLC 559 0.53% Cambro Manufacturing 550 0.52% Huntington Beach Hospital 527 0.50% Wal-Mart 462 0.44% Waterfront Hilton Beach Resort 450 0.43% Huntington Valley Healthcare 381 0.36% Total of top 10 8,212 7.78% All others 97,388 92.22% Total employment (public and private)105,600 100.00% 2012 % of total The Boeing Company 4,676 4.06% Quiksilver 1,594 1.38% Cambro MFG Co.951 0.83% Ensign United States Drilling 925 0.80% Hyatt Regency Huntington Beach 641 0.56% C & D Aerospace 555 0.48% Huntington Beach Hospital 520 0.45% Rainbow Disposal 408 0.35% Huntington Beach Healthcare 381 0.33% Wal-Mart 379 0.33% Total of top 10 11,030 9.58% All others 104,070 90.42% Total employment (public and private)115,100 100.00% Source: Finance Department, City of Huntington Beach CITY OF HUNTINGTON BEACH PRINCIPAL PRIVATE EMPLOYERS CURRENT YEAR AND NINE YEARS AGO 313 General Government:2021 2020 2019 2018***2017 2016 2015 2014 2013 2012 City Council 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 City Manager 18.00 18.00 12.50 12.50 11.50 11.50 11.50 11.50 7.00 7.00 City Treasurer 1.50 1.50 2.00 2.00 2.00 1.50 1.50 1.50 1.50 1.50 City Attorney 11.00 11.00 11.00 11.00 12.00 11.00 11.00 11.00 11.00 11.00 City Clerk 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 4.00 Finance 31.50 31.50 33.00 33.00 33.00 32.50 31.50 31.50 29.50 29.50 Human Resources **- - 15.00 15.00 15.00 15.00 15.00 15.00 14.50 15.00 Community Development 54.00 54.00 44.00 44.00 44.00 43.50 44.00 43.00 42.75 42.75 Information Systems 23.00 22.00 30.00 30.00 30.00 30.00 30.00 30.00 29.50 29.50 Economic Development *- - - - - - - - 4.50 5.50 Library Services 27.25 23.25 28.25 28.25 28.25 28.25 28.25 28.25 27.75 27.75 Fire 200.00 200.00 198.00 198.00 198.00 198.00 198.00 196.50 176.50 176.50 Police 357.00 356.00 365.50 364.50 364.50 364.50 361.50 360.50 358.50 363.00 Community Services 33.00 37.00 36.00 36.00 44.00 44.00 43.00 43.00 56.00 61.00 Public Works 201.00 199.00 207.00 207.00 199.00 199.00 198.00 196.00 196.00 196.00 962.25 958.25 987.25 986.25 986.25 983.75 978.25 972.75 960.00 971.00 Source: Finance Department, City of Huntington Beach * Economic Development was combined with Community Development in the year ended June 30, 2020. Previously, it was combined with the City Manager's Office as of the year ended September 30, 2014. ** Human Resources was combined with City Manager's Office in the year ended June 30, 2020. *** The 2017-18 period reflects nine months of activity only as the fiscal year change resulted in a nine month reporting period from October 1, 2017 to June 30, 2018. Actual CITY OF HUNTINGTON BEACH FULL-TIME ACTUAL AND BUDGETED CITY EMPLOYEES BY FUNCTION/PROGRAM LAST TEN FISCAL YEARS 314 Function/Program 2021 2020 2019 2018*** 2017 Finance: Water Bills Processed 637,920 636,708 639,245 476,290 632,997 Active Business Licenses 19,011 20,910 21,414 21,782 22,074 Accounts Receivable Billings Processed 20,183 25,687 30,217 25,000 34,963 City Clerk: Passports Issued ****418 4,579 7,024 5,757 7,408 Planning: Entitlements Processed 112 162 221 206 216 Plan Reviews 1,955 1,358 1,542 1,466 1,376 Field Inspection Complaints 11,899 11,610 8,183 7,005 8,459 Code Violation Cases 4,473 3,260 4,786 4,219 3,981 Building: Number of Permits Issued 9,075 8,855 9,807 7,490 9,728 Number of Inspections Completed 26,710 32,859 36,562 30,501 38,796 Value of Construction Permits (Thousands of Dollars) 166,000 169,393 135,910 109,462 216,252 Processed Number of Certificate of Occupancies*655 515 686 523 740 Completed Plan Reviews 4,673 3,469 3,491 2,771 4,172 Counter Visits 115 14,922 21,409 16,498 21,731 Fire: Inspections 4,008 5,965 6,140 3,963 2,758 Responses 20,428 21,068 20,354 14,490 20,555 Ocean Rescues 4,116 2,487 4,953 3,530 3,639 Estimated Beach Visitors 7,910,293 6,712,125 10,577,290 12,522,640 13,339,518 Police: Physical Arrests 5,363 5,785 5,979 4,614 5,298 Parking Violations 95,753 59,484 79,069 54,500 70,846 Traffic Violations 10,920 12,105 13,314 11,869 19,916 Community Services: Park/Open Space Acreage 1,072 1,066 1,066 1,065 1,065 Enrollment in Recreation Classes 15,511 28,952 37,978 27,152 37,968 Public Works: Water Sold (Acre Feet)**27,731 25,966 26,251 19,777 25,944 Gallons of Sewage Pumped Per Day**19 million 19 million 19 million 19 million 22 million Library: Items in Collection 291,444 294,849 293,995 292,037 288,599 Items Borrowed 481,523 779,124 942,821 655,626 943,642 * Beginning the 2013/14 Fiscal Year, the Building Department no longer processes Certificate of Occupancies. ** Reduction of estimate is the result of the Governor's executive order to reduce water consumption. *** The 2017-18 period reflects nine months of activity only as the fiscal year change resulted in a nine month reporting period from October 1, 2017 to June 30, 2018. **** Passport acceptance was closed to the public from June 2020 through May 2021 due to COVID-19. It was reopened on June 15, 2021 Source: Various departments of the City of Huntington Beach CITY OF HUNTINGTON BEACH OPERATING INDICATORS BY FUNCTION/ACTIVITY LAST TEN FISCAL YEARS 315 Function/Program 2016 2015 2014 2013 2012 Finance: Water Bills Processed 635,052 536,684 630,240 628,207 646,229 Active Business Licenses 21,420 21,424 20,450 21,127 22,304 Accounts Receivable Billings Processed 30,826 38,594 42,360 45,422 45,422 City Clerk: Passports Issued 5,623 5,121 4,598 4,220 3,850 Planning: Entitlements Processed 221 280 204 231 205 Plan Reviews 1,653 1,595 1,466 1,575 1,184 Field Inspection Complaints 7,951 8,233 7,030 7,301 6,105 Code Violation Cases 4,324 4,710 2,545 2,385 2,573 Building: Number of Permits Issued 10,981 10,670 9,348 8,970 8,444 Number of Inspections Completed 39,380 38,320 36,142 33,962 31,224 Value of Construction Permits (Thousands of Dollars) 283,910 234,946 216,343 248,246 190,992 Processed Number of Certificate of Occupancies*n/a n/a n/a 477 647 Completed Plan Reviews 4,172 3,815 3,148 n/a n/a Counter Visits 23,492 21,893 21,326 20,854 19,777 Fire: Inspections 5,132 6,499 6,641 5,087 6,974 Responses 20,279 19,562 15,815 15,608 15,040 Ocean Rescues 3,977 5,371 6,426 4,195 4,669 Estimated Beach Visitors 12,272,030 11,803,943 12,035,134 11,016,615 8,906,592 Police: Physical Arrests 5,112 4,854 4,303 4,237 5,774 Parking Violations 90,361 83,453 74,668 72,347 77,282 Traffic Violations 17,639 17,596 16,330 13,016 16,916 Community Services: Park/Open Space Acreage 1,062 1,062 1,062 1,062 1,062 Enrollment in Recreation Classes 34,424 30,228 30,184 30,218 32,817 Public Works: Water Sold (Acre Feet)**24,505 24,763 29,279 28,354 27,784 Gallons of Sewage Pumped Per Day**19 million 19 million 22 million 22 million 22 million Library: Items in Collection 285,814 343,655 332,092 385,901 420,956 Items Borrowed 921,105 908,656 937,533 892,543 888,019 CITY OF HUNTINGTON BEACH OPERATING INDICATORS BY FUNCTION/ACTIVITY LAST TEN FISCAL YEARS (Continued) 316 Library Services One Main Library and Four Branches Fire: Fire Stations 8 Police: Stations One Main Station and Three Substations Community Services: Acreage of Parks 1,066 Community Centers 6 Public Works: Centerline Square Miles of Streets Maintained 451 Miles of Beach Maintained 4.7 Miles of Storm Drains Maintained 120 Miles of Sewer Maintained 362 Source: Various departments of the City of Huntington Beach JUNE 30, 2021 CAPITAL ASSET STATISTICS BY FUNCTION/ACTIVITY CITY OF HUNTINGTON BEACH 317 REQUIRED AUDIT COMMUNICATIONS Honorable Mayor and City Council City of Huntington Beach Huntington Beach, California We have audited the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Huntington Beach for the year ended June 30, 2021. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards, Government Auditing Standards and the Uniform Guidance, as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our letter to you dated June 17, 2021. Professional standards also require that we communicate to you the following information related to our audit. Significant Audit Findings Qualitative Aspects of Accounting Practices Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City of Huntington Beach are described in Note 1 to the financial statements. The City implemented Governmental Accounting Standards Board (GASB) Statement No. 84 related to Fiduciary Activities and GASB Statement No. 98 that changed the name of the Comprehensive Annual Financial Statements to the Annual Comprehensive Financial Statements. We noted no transactions entered into by the City of Huntington Beach during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s 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 significantly from those expected. The most sensitive estimates affecting the City of Huntington Beach’s financial statements were:  J udgments involving the estimated useful lives and depreciation methodology used for capital assets, including certain infrastructure. We evaluated management’s judgments for reasonableness.  Judgments as to which City capital projects should be capitalized and depreciated in the government-wide financial statements and proprietary funds. We evaluated management’s judgments for reasonableness.  Judgments relating to the collectability of accounts and notes receivable. We evaluated management’s judgments for reasonableness.  Judgments with respect to recording claims payable and remediation obligations. We evaluated management’s judgments for reasonableness. 318 Judgments involving calculation of the pension liability. We evaluated the actuarial valuation report supporting the calculations. Judgments involving the calculation of the other post-employment benefit (OPEB) liability. We evaluated the actuarial valuation report supporting the calculations. The financial statement disclosures are neutral, consistent, and clear. Difficulties Encountered in Performing the Audit We encountered no significant difficulties in dealing with management in performing and completing our audit. Corrected and Uncorrected Misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Management has corrected those misstatements. We recorded material adjustments to the fiduciary funds related to the implementation of GASB 84.Additionally, the following immaterial misstatements detected as a result of audit procedures were not corrected by management: recording LAIF and OCIP investments at fair value, recording prior year adjustment to allocate interest to the Pension Liability debt service fund, recording the bond premium and deferred refunding charge on the 2020 Lease Revenue Bonds, and reclassification of operating expenses to change in joint venture investment in the nonoperating section of the Water Fund. Management believes these adjustments are not material, either individually or in the aggregate, to each opinion unit’s financial statements taken as a whole. Disagreements with Management For purposes of this letter, a disagreement with management is a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit. Management Representations We have requested certain representations from management that are included in the management representation letter dated December 16, 2021. Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the City of Huntington Beach’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. 319 Other Audit Findings or Issues We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the City of Huntington Beach’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. Other Matters We applied certain limited procedures to management’s discussion and analysis, budgetary comparison information for the General Fund and each major special revenue fund, schedule of funding progress, schedule of changes in net pension liability and related ratios, schedule of pension contributions, schedule of money-weighted rate of return, schedule of changes in net OPEB liability and related ratios and schedule of OPEB contributions, which are required supplementary information (RSI) 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 supplementary information, 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 introductory section and the statistical section, which accompany the financial statements but are not RSI. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements, and accordingly, we do not express an opinion or provide any assurance on it. Restriction on Use This information is intended solely for the information and use of the City Council and management of the City of Huntington Beach and is not intended to be, and should not be, used by anyone other than these specified parties. Irvine, California December 16, 2021 320 Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Air Quality Special Revenue Fund Performed in Accordance with Government Auditing Standards City Council City of Huntington Beach Huntington Beach, California We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, Air Quality Management District Fund of the City of Huntington Beach, California, as of and for the year ended June 30, 2021, and the related notes to the financial statements, which collectively comprise the Air Quality Management District Fund of the City of Huntington Beach’s basic financial statements, and have issued our report thereon dated December 16, 2021. Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered the Air Quality Management District Fund'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 Air Quality Management District Fund's internal control. Accordingly, we do not express an opinion on the effectiveness of the Air Quality Management District Fund'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 may exist that have not been identified. 321 Compliance and Other Matters As part of obtaining reasonable assurance about whether the Air Quality Management District Fund's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, including applicable provisions of Assembly Bill 2766 (AB2766) Chapter 1705 (Health and Safety Code Sections 44220 through 44247), 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 entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Irvine, California December 16, 2021 322 INDEPENDENT ACCOUNTANT’S REPORT The Honorable Mayor and City Council City of Huntington Beach, California We have performed the procedures enumerated below on the City of Huntington Beach, California (City) appropriations limit worksheets for compliance with the requirements of Section 1.5 of Article XIIIB of the California Constitution for the year ended June 30, 2021. The City is responsible for compliance with Section 1.5 of Article XIIIB of the California Constitution. The City has agreed to and acknowledged that these procedures are appropriate to meet the intended purpose of evaluating compliance with the requirements of Section 1.5 of Article XIIIB of the California Constitution and the League of California Cities publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines for the year ended June 30, 2021. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The procedures and the associated findings are as follows: 1. We obtained the worksheets referred to above and compared the limit and annual adjustment factors included in those worksheets to the limit and annual adjustment factors that were adopted by resolution of the City Council. We also compared the population and inflation options included in the aforementioned worksheets to those that were selected by a recorded vote. Results: No exceptions were noted as a result of our procedures. 2. We recalculated the mathematical computations reflected in the City’s worksheets. Results: No exceptions were noted as a result of our procedures. 3. We compared the current year information used to determine the current year limit and agreed it to worksheets prepared by the City and to information provided by the State Department of Finance. Results: No exceptions were noted as a result of our procedures. 4. We compared the amount of the prior year appropriations limit presented in the worksheets to the amount adopted by the City Council for the prior year. Results: No exceptions were noted as a result of our procedures. 323 The Honorable Mayor and City Council City of Huntington Beach, California Page Two We were engaged by the City to perform this agreed-upon procedures engagement and conducted our engagement in accordance with standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively on the worksheets referred to above. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. No procedures have been performed with respect to the determination of the appropriation limit for the base year, as defined by the League publication entitled Article XIIIB Appropriations Limitation Uniform Guidelines. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement. This report is intended solely for the information and use of the Management of the City of Huntington Beach, California and is not intended to be, and should not be, used by anyone other than the specified party. Irvine, California December 16, 2021 324 Recommended Adjustments by Fund: APPROPRIATION INCREASE Fund No Fund Name Appropriation Revenue Offset Net Increase Dept 100 General Fund 120,000               ‐                        120,000               Administrative Services 100 General Fund 120,000               ‐                        120,000               City Manager 100 General Fund 790,000               790,000               ‐                         Community Development 100 General Fund 100,000               100,000               ‐                         Finance 100 General Fund 2,128,584           2,081,284           47,300                 Fire 100 General Fund 300,000               ‐                        300,000               Police 100 General Fund 235,000               ‐                        235,000               Public Works 100 General Fund 1,300,000           ‐                        1,300,000           Non‐Departmental General Fund Subtotal  5,093,584           2,971,284           2,122,300           228 Park Development Impact ‐ Residential 150,000               ‐                        150,000               Public Works 238 Emergency Operations Center* 2,000,000           2,000,000           ‐                         Non‐Departmental 308 In‐Lieu Parking Improvements 30,000                 ‐                        30,000                 Community Development 504 Refuse Collection Service 195,000               195,000               ‐                         Public Works 807 Energy Efficiency 238,000               ‐                        238,000               Public Works Other Funds Subtotal 2,613,000           2,195,000           418,000               All Funds Total 7,706,584          5,166,284          2,540,300          * Additional appropriations in excess of $2 million to be budgeted as needed in the Emergency Operation Center  Fund 238 for COVID response efforts and will be fully offset by FEMA reimbursement revenues. ATTACHMENT 3 Fiscal Year 2021/2022 Recommended Mid‐Year Budget Adjustments 325 Fund No Fund Name Description Amount Department 100 General Fund Technical assistance services 125,100    Community Development 100 General Fund Mobile crisis response 1,500,000 Non‐Departmental 1,625,100 ATTACHMENT 4 Fiscal Year 2021/2022 Recommended Mid‐Year Professional Services Authority 326 327 328 329 330 331 332 333 334 335 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-132 MEETING DATE:2/15/2022 Submitted by Councilmember Kalmick - Updating Bolsa Chica Annexation Feasibility Study Direct staff to undertake an update of the Bolsa Chica Annexation Feasibility Study and return to Council with a Study Session upon completion of that update, at which time the Council can discuss the merit of annexation. City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™336 TO: THE HONORABLE MAYOR AND CITY COUNCIL FROM: DAN KALMICK, CITY COUNCIL MEMBER DATE: FEBRUARY 15, 2022 SUBJECT: UPDATING BOLSA CHICA ANNEXATION FEASIBILITY STUDY Annexation of the Bolsa Chica State Ecological Reserve has been previously contemplated by the city of Huntington Beach via a feasibility study prepared in 2009, updated in 2013 and last discussed in 2015. The study determined that the annexation was generally fiscally neutral, but there were outstanding questions on the part of the City Council and no direction was given to pursue the annexation. With the incorporation of Sunset Beach and Brightwater, the annexation of the unincorporated Bolsa Chica area would essentially complete the city's corporate boundary. More importantly, the wetlands and uplands are ecological and tourist resources that would complement the diverse portfolio of amenities that help to make Huntington Beach a destination location. It is expected that some items in the 2009/2013 study would need to be updated. RECOMMENDED ACTION Motion to direct staff to undertake an update of the Bolsa Chica Annexation Feasibility Study and return to Council with a Study Session upon completion of that update, at which time the Council can discuss the merit of annexation. 337 City of Huntington Beach 2000 Main Street, Huntington Beach, CA 92648 File #:22-137 MEETING DATE:2/15/2022 Submitted by Mayor Delgleize, Councilmember Carr and Councilmember Kalmick - Hosting a Senior Resource Fair in Huntington Beach Direct staff to work with the Senior Center and community partners to plan and implement a one-day senior resource fair, targeting mobile home park residents and low-income seniors in the community. City of Huntington Beach Printed on 2/9/2022Page 1 of 1 powered by Legistar™338 CITY OF HUNTINGTON BEACH CITY COUNCIL MEETING – COUNCIL MEMBER ITEMS REPORT TO: THE CITY COUNCIL FROM: BARBARA DELGLEIZE, MAYOR KIM CARR, CITY COUNCIL MEMBER DAN KALMICK, CITY COUNCIL MEMBER DATE: FEBRUARY 15, 2022 SUBJECT: HOSTING A SENIOR RESOURCE FAIR IN HUNTINGTON BEACH Many of the City’s mobile home park residents are seniors who are on a limited, fixed income. Approximately 40% of the City’s eighteen mobile home parks are senior parks. Recently, it has been brought to the city council’s attent ion that many seniors living in these mobile home parks are experiencing financial hardship due to increasing rent and the cost of living . In partnership with the Senior Center, the Huntington Beach Council on Aging, utility companies, state legislators and community partners, the City can help mobile home residents and seniors by hosting a Senior Resource Fair. Seniors will be offered a variety of helpful guides, discounts, and resources available through city programs and community partners. Staff and community partners will be on hand connecting seniors with the information and helping them sign up for programs that they may be eligible. Through this fair, the City can take a proactive role in helping mobile home park residents and seniors reduce their financial burdens. RECOMMENDED ACTION Direct staff to work with the Senior Center and community partners to plan and implement a one-day senior resource fair, targeting mobile home park residents and low-income seniors in the community. 339