City Council

l LIVE OAK ( ,\ I I I 1 >I t;,: I ,\ CALL TO ORDER LIVE OAK CITY COUNCIL MINUTES FEBRUARY 7, 2024 6:00 PM MEETING LOCATION LIVE OAK COUNCIL CHAMBERS 9955 LIVE OAK BOULEVARD LIVE OAK, CALIFORNIA 95953 LIVE OAK CITY COUNCIL MINUTES - FEBRUARY 7, 2024 MEMBERS OF THE COUNCIL ASHLEY HERNANDEZ, MAYOR NANCY SANTANA, VICE MAYOR JERAMY CHAPDELAINE, COUNCILMEMBER LAKHVIR GHAG, COUNCILMEMBER Boo WOTEN, COUNCILMEMBER AARON PAlMER, CITY MANAG ER NICOlE ROSSER, CITY ATTORNEY Meeting called to order by Mayor Hernandez at Live Oak City Council Chambers, 9955 Live Oak Boulevard, Live Oak, CA at 6:41 pm. ROLL CALL Present: Councilmembers Woten, Chapdelaine, Ghag, Vice Mayor Santana, and Mayor Hernandez PLEDGE OF ALLEGIANCE AND INVOCATION Mayor Hernandez led the Pledge of Allegiance. Vice Mayor Santana delivered the invocation. CORRECTIONS AND/oR CHANGES TO THE AGENDA BY CITY MANAGER ONLY There were no corrections and/or changes to the agenda. PRESENTATIONS AND RECOGNITIONS There were no presentations and/or recognitions. PUBLIC COMMENT The following member of the public submitted a written public comment: Dale Carlson. CONSENT ITEMS Consent Calendar is passed by one motion with exceptions and separate votes as noted. MOTION: APPROVE THE CONSENT AGENDA. (MOTION: GHAG; SECOND: SANTANA) VOTE: MOTION PASSED UNANIMOUSLY 1. City Council Meeting Minut es Clarissa Mencha ca, City Clerk Council action: January 17, 202 4, City Council Regular Meeting minutes approved. Page 1

2. City Council Meeting Minutes Clarissa Menchaca, City Clerk live OAK CITY COUNCIL MINUTES-FEBRUARY 7, 2024 Council action: January 24, 2024, City Council Special Meeting minutes approved. BUSINESS ITEMS 3. Write-Off of Past Due Water and Sewer Accounts Collections James Ramsey, Finance Director 4. 5. James Ramsey, Finance Director, provided a report for the Council. Public Comment was opened and closed without any speakers. MOTION: ADOPT RESOLUTION . (MOTION: SANTANA; SECOND: GHAG) VOTE: MOTION PASSED UNANIMOUSLY Reference Resolution No. 01-2024. Annual Audited Financial Statements - Year Ended June 30, 2023 James Ramsey, Finance Director James Ramsey, Finance Director, provided a report for the Council. Public Comment was opened and closed without any speakers. MOTION: VOTE: ACCEPT AND FILE ANNUAL FINANCIAL STATEMENTS. (MOTION: GHAG; SECOND: SANTANA) MOTION PASSED UNANIMOUSLY Budget Amendment James Ramsey, Finance Director James Ramsey, Finance Director, provided a report for the Council. Public Comment was opened and clo sed without any speakers. MOTION: ADOPT RESOLUTION. (MOTION: GHAG; SECOND: HERNANDEZ) VOTE: MOTION PASSED UNANIMOUSLY Reference Resolution No. 02-2024. ITEMS REMOVED FROM THE CONSENT AGENDA FOR COUNCIL CONSIDERATION AND ACTION There were no it ems removed from the Consent Agenda for Council consideration and action. Page 2

LI VE OAK CITY COUNCIL MINUTES- FEBRUARY 7, 2024 UPDATES AND ANNOUNCEMENTS FROM THE CITY ATTORNEY AND CITY MANAGER Aaron Palmer, City Manager, highlighted the following Parks and Recreation youth programs: Mighty Mite's Basketball Camp and Youth Basketball. Mr. Palmer also informed staff have begun prepping the pool for summer. COUNCILMEMBER COMMENTS Councilmember Woten touched on the damage caused by the recent storm. Councilmember Chapdelaine highlighted his attendance at the Sutter Animal Services Authority meeting. Councilmember Ghag discussed his attendance at the Feather River Air Quality Management District meeting and Sacramento Area Council of Governments Transportation Committee meeting. Councilmember Ghag touched on the damage caused by the recent storm. Vice Mayor Santana provided a brief update on the dog park project and requested the Council initiate a local hero awards recognition program. Vice Mayor Santana discussed animal control issues in Live Oak and requested the meeting be closed in memory of Hailey Bartell and Karina Figueroa. Mayor Hernandez highlighted some of the business facelifts happening around the City. ADJOURNMENT Mayor Hernandez adjourned the meeting at 8:24 pm in memory of Hailey Bartell and Karina Figueroa. (b/1 ~ /Ula,,i cvNLt\Ashley H ernadez, Mayo~ Page 3

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LIVE OAK CITY COUNCIL AGENDA – FEBRUARY 7, 2024 Page 1 The Council may take up any agenda item at any time, regardless of the order listed. Action may be taken on any item on this agenda. Materials related to an item on this Agenda submitted to the Council after distribution of the agenda packet are available for public inspection at City Hall, 9955 Live Oak Boulevard, Live Oak, during normal business hours. Such documents are also available on the City of Live Oak’s website at www.liveoakcity.org, subject to staff’s availability to post the documents before the meeting. In compliance with the Americans with Disabilities Act, the meeting room is wheelchair accessible and disabled parking is available. If you have a disability and need disability-related modifications or accommodations to participate in this meeting, please contact the City Clerk’s office at (530) 695-2112 x107. Requests must be made at least 24 hours in advance. • Remote Viewing: o Members of the public can view a livestream of the meeting online at https://liveoakca.granicus.com/ViewPublisher.php?view_id=1. o Members of the public can access the Zoom webinar as follows: ▪ Join by Electronic Device: https://us02web.zoom.us/j/88307211804 ▪ Join by Phone: 1-669-900-6833 or 1-833-548-0282 (Toll Free) Webinar ID: 883 0721 1804 • Public Comment: Members of the public can submit general public comments, as well as comment on specific agenda items in the following ways: o Public Attendance: Members of the public who attend in person may make comments from the Council Chamber podium. LIVE OAK CITY COUNCIL REGULAR MEETING AGENDA FEBRUARY 7, 2024 6:00 PM MEETING LOCATION LIVE OAK COUNCIL CHAMBERS 9955 LIVE OAK BOULEVARD LIVE OAK, CALIFORNIA 95953 MEMBERS OF THE COUNCIL ASHLEY HERNANDEZ, MAYOR NANCY SANTANA, VICE MAYOR JERAMY CHAPDELAINE, COUNCILMEMBER LAKHVIR GHAG, COUNCILMEMBER BOB WOTEN, COUNCILMEMBER AARON PALMER, CITY MANAGER NICOLE ROSSER, CITY ATTORNEY 1

LIVE OAK CITY COUNCIL AGENDA – FEBRUARY 7, 2024 Page 2 o Live Remote Public Comment: Members of the public can submit a live remote public comment by: ▪ Joining the virtual Council meeting via the link below. When public comment is opened, raise your virtual hand and be called upon to speak for up to 3 minutes. https://us02web.zoom.us/j/88307211804 ▪ Joining the virtual Council meeting by calling the phone number below. When public comment is opened, dial *9 to raise your hand and be called upon to speak for up to 3 minutes. 1-669-900-6833 or 1-833-548-0282 (Toll Free) Webinar ID: 883 0721 1804 o Email Public Comment: Comments from the public on agenda items will be accepted until 1:00 pm on the date of the meeting, via email to the City Clerk at cmenchaca@liveoakcity.org. Comments will be distributed to Council prior to the meeting and attached to the minutes. Please note that emailed comments will NOT be read aloud by staff during the meeting. o eComment Feature: Comments from the public on agenda items will be accepted until 1:00 pm on the date of the meeting, via the eComment feature at https://liveoakca.granicus.com/ViewPublisher.php?view_id=1. Comments will be distributed to Council prior to the meeting and attached to the minutes. Please note that eComments will NOT be read aloud by staff during the meeting. 2

LIVE OAK CITY COUNCIL AGENDA – FEBRUARY 7, 2024 Page 3 CALL TO ORDER ROLL CALL PLEDGE OF ALLEGIANCE AND INVOCATION CORRECTIONS AND/OR CHANGES TO THE AGENDA BY CITY MANAGER ONLY PRESENTATIONS AND RECOGNITIONS PUBLIC COMMENT Any person wishing to address the City Council on general jurisdictional matters or consent calendar items may do so at this time. If you are commenting on an agenda item, your comments will be heard at the time that item is scheduled for discussion. The City Council adopted a time limit of three minutes per person. The Brown Act does not allow for Council discussion of items not on the agenda. Councilmembers may only a) refer the matter to staff; b) ask for additional information; c) request a report back; or d) provide a limited factual response for items not listed on the agenda. CONSENT ITEMS Consent Calendar is passed by one motion with exceptions and separate votes as noted. 1. City Council Meeting Minutes Recommendation: Approve the January 17, 2024, City Council Regular Meeting minutes. (Clarissa Menchaca, City Clerk) 2. City Council Meeting Minutes Recommendation: Approve the January 24, 2024, City Council Special Meeting minutes. (Clarissa Menchaca, City Clerk) BUSINESS ITEMS 3. Write-Off of Past Due Water and Sewer Accounts Collections Recommendation: Adopt resolution. (James Ramsey, Finance Director) 4. Annual Audited Financial Statements – Year Ended June 30, 2023 Recommendation: Accept and file annual financial statements. (James Ramsey, Finance Director) 5. Budget Amendment Recommendation: Adopt resolution. (James Ramsey, Finance Director) ITEMS REMOVED FROM THE CONSENT AGENDA FOR COUNCIL CONSIDERATION AND ACTION UPDATES AND ANNOUNCEMENTS FROM THE CITY ATTORNEY AND CITY MANAGER COUNCILMEMBER COMMENTS ADJOURNMENT 3

City of Live Oak Report to City Council Meeting Date: February 7, 2024 Title: City Council Meeting Minutes Contact Information: Clarissa Menchaca, City Clerk Recommendation: Approve the January 17, 2024, City Council Regular Meeting minutes. Attachments: Minutes 4

L IVE O AK C ITY C OUNCIL M INUTES – J ANUARY 17, 2024 Page 1 C ALL TO ORDER Meeting called to order by Vice Mayor Santana at Live Oak City Council Chambers, 9955 Live Oak Boulevard, Live Oak, CA at 6:01 pm. MOTION : APPROVE MAYOR HERNANDEZ ’ S REMOTE APPEARANCE. ( MOTION: WOTEN ; SECOND : GHAG ) VOTE : MOTION PASSED 4-0-1 AYES: COUNCILMEMBERS WOTEN , CHAPDELAINE , GHAG , AND VICE MAYOR SANTANA NOES : NONE NOT VOTING : MAYOR HERNANDEZ R OLL C ALL Present: Councilmembers Woten, Chapdelaine, Ghag, and Vice Mayor Santana Appeared via teleconference: Mayor Hernandez P LEDGE OF A LLEGIANCE AND I NVOCATION Councilmember Ghag led the Pledge of Allegiance. Councilmember Woten delivered the invocation. C ORRECTIONS AND/ OR CHANGES TO THE A GENDA BY C ITY MANAGER ONLY There were no corrections and/or changes to the agenda. P RESENTATIONS AND R ECOGNITIONS There were no presentations and/or recognitions. P UBLIC COMMENT Public Comment was opened and closed without any speakers. LIVE OAK CITY COUNCIL M INUTES J ANUARY 17, 2024 6:00 PM M EETING L OCATION L IVE O AK C OUNCIL C HAMBERS 9955 L IVE O AK B OULEVARD L IVE O AK , C ALIFORNIA 95953 MEMBERS OF THE COUNCIL ASHLEY HERNANDEZ , M AYOR N ANCY SANTANA , V ICE MAYOR JERAMY C HAPDELAINE , C OUNCILMEMBER LAKHVIR G HAG, C OUNCILMEMBER B OB WOTEN , C OUNCILMEMBER AARON P ALMER , C ITY M ANAGER NICOLE ROSSER , C ITY ATTORNEY 5

L IVE O AK C ITY C OUNCIL M INUTES – J ANUARY 17, 2024 Page 2 C ONSENT I TEMS Consent Calendar is passed by one motion with exceptions and separate votes as noted. MOTION : APPROVE THE CONSENT AGENDA. ( MOTION: GHAG; SECOND: SANTANA) VOTE : MOTION PASSED UNANIMOUSLY 1. City Council Meeting Minutes Clarissa Menchaca, City Clerk Council action: December 20, 2023, City Council Regular Meeting minutes approved. 2. City Council Meeting Minutes Clarissa Menchaca, City Clerk Council action: December 22, 2023, City Council Special Meeting minutes approved. 3. City Projects Update Luis Cibrian, Parks and Recreation Director Council action: Received and filed. B USINESS I TEMS 4. Discussion of Proposed Sheriff’s Contract Aaron Palmer, City Manager Aaron Palmer, City Manager, introduced the item. Mayor Hernandez provided a report for the Council. Council action: No action was taken on this item. I TEMS REMOVED FROM THE C ONSENT A GENDA FOR C OUNCIL C ONSIDERATION AND A CTION There were no items removed from the Consent Agenda for Council consideration and action. UPDATES AND A NNOUNCEMENTS FROM THE C ITY A TTORNEY AND C ITY MANAGER There were no updates or announcements from the City Attorney or City Manager. C OUNCILMEMBER C OMMENTS Councilmember Ghag highlighted his attendance at the Sacramento Area Council of Governments Transportation Committee meeting and Sutter-Yuba Mosquito and Vector Control District Board meeting. Councilmember Santana touched on the envelope sent to the Yuba County Elections Office containing fentanyl. 6

L IVE O AK C ITY C OUNCIL M INUTES – J ANUARY 17, 2024 Page 3 C LOSED SESSION 5. Public Employee Performance Evaluation Pursuant to California Government Code Section 54957: City Manager 6. Conference with Labor Negotiators Pursuant to California Government Code Section 54957.6: Unrepresented employee: City Manager C LOSED SESSION R EPORT No reportable action anticipated; however, any reportable action will be reported out at the next regularly scheduled Council meeting. A DJOURNMENT Vice Mayor Santana adjourned the regular meeting at 7:52 pm, and Closed Session adjourned at 9:02 pm. Ashley Hernandez, Mayor ATTEST: Clarissa Menchaca, City Clerk 7

City of Live Oak Report to City Council Meeting Date: February 7, 2024 Title: City Council Meeting Minutes Contact Information: Clarissa Menchaca, City Clerk Recommendation: Approve the January 24, 2024, City Council Special Meeting minutes. Attachments: Minutes 8

L IVE O AK C ITY C OUNCIL M INUTES – J ANUARY 24, 2024 Page 1 C ALL TO ORDER Meeting called to order by Mayor Hernandez at Live Oak City Council Chambers, 9955 Live Oak Boulevard, Live Oak, CA at 6:05 pm. R OLL C ALL Present: Councilmembers Woten, Chapdelaine, Ghag, Vice Mayor Santana, and Mayor Hernandez P LEDGE OF A LLEGIANCE AND I NVOCATION Mayor Hernandez led the Pledge of Allegiance. Vice Mayor Santana delivered the invocation. P UBLIC COMMENT Public Comment was opened and closed without any speakers. C LOSED SESSION 1. Public Employee Performance Evaluation Pursuant to California Government Code Section 54957: City Manager 2. Conference with Labor Negotiators Pursuant to California Government Code Section 54957.6: Unrepresented employee: City Manager C LOSED SESSION R EPORT No anticipated reportable action. A DJOURNMENT Mayor Hernandez adjourned the meeting at 6:08 pm. Closed Session adjourned at 7:16 pm. LIVE OAK CITY COUNCIL S PECIAL M EETING M INUTES J ANUARY 24, 2024 6:00 PM M EETING L OCATION L IVE O AK C OUNCIL C HAMBERS 9955 L IVE O AK B OULEVARD L IVE O AK , C ALIFORNIA 95953 MEMBERS OF THE COUNCIL ASHLEY HERNANDEZ , M AYOR N ANCY SANTANA , V ICE MAYOR JERAMY C HAPDELAINE , C OUNCILMEMBER LAKHVIR G HAG, C OUNCILMEMBER B OB WOTEN , C OUNCILMEMBER AARON P ALMER , C ITY M ANAGER NICOLE ROSSER , C ITY ATTORNEY 9

L IVE O AK C ITY C OUNCIL M INUTES – J ANUARY 24, 2024 Page 2 Ashley Hernandez, Mayor ATTEST: Clarissa Menchaca, City Clerk 10

City of Live Oak Report to City Council Meeting Date: February 7, 2024 Title: Write-off of Past Due Water and Sewer Accounts Collections Contact Information: James Ramsey, Finance Director Background: Periodically, the City will evaluate past due balances and determine that there is no recourse to collect on those amounts based on the number of days outstanding. The accounts on the attached listing have been outstanding for a significant period of time and as such, management is requesting that the amounts be written off and sent to collections. If not collected by next year, there is a possibility of that these may be collected next year via a lien on the property tax rolls. These amounts are outstanding from the period January to December 2023. Fiscal Impacts: Total write-offs of $11,262.61 are split between water and sewer funds. Recommendation: Adopt resolution. Attachments: Resolution Exhibit A 11

Resolution No. RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LIVE OAK AUTHORIZING PAST DUE ACCOUNT COLLECTION LOSS WRITE-OFF IN THE AMOUNT OF $11,262.61 WHEREAS, the City of Live Oak furnishes a water and sewer system for obtaining, conserving and disposing of water for public and private uses; and WHEREAS, providing utility services for citizens includes the collection of monthly utility billings; and WHEREAS, the City of Live Oak makes every attempt to collect outstanding balances; and WHEREAS, Exhibit A provides a list of uncollectible accounts for the period ending December 31, 2022, and is made a part of this resolution. NOW, THEREFORE BE IT RESOLVED, the City Council of the City of Live Oak authorizes the Finance Director to write off as collection losses the accounts receivables listed on Exhibit A totaling $11,262.61. PASSED AND ADOPTED this 7th day of February, 2024, by the following vote: AYES: NOES: ABSENT: ABSTAINED: APPROVED: Ashley Hernandez, Mayor ATTEST: Clarissa Menchaca, City Clerk 12

Account Name Service Address Balance 02-0100-00 TERRY CARPENTER 10372 LARKIN ROAD 278.31 02-2420-01 YANNETH LOPEZ 2053 DONNA RAYE 235.99 03-0660-06 FRANCISCO ROMERO 2921 PENNINGTON ROAD 543.40 03-2890-01 KATIE FRY 2893 KOLA STREET 185.54 03-3000-04 SERGIO RIVERA 3008 KOLA STREET 114.41 03-3580-00 EDWARD J JR WARE 3025 FORSTNER COURT 607.59 04-0780-04 SUKHDEEP BASSI 9774 O STREET 532.23 04-4957-02 JAE SHIELDS 9397 COLLIER COURT 372.92 04-8443-01 MANUEL JACOBO/ YESSICA ROMERO 10132 ROSE AVENUE 469.14 02-2420-00 TARSEM PAMMA 2053 DONNA RAYE 146.51 03-2796-01 EVERETT WOODWARD 10146 TULIP AVENUE 78.28 04-0230-03 GLORIA QUIROZ 9890 BROADWAY 132.03 04-0780-05 ANTHONY KEENEY 9774 O STREET 451.07 04-0900-03 RYAN DEVENNY 2969 ELM STREET 835.46 04-1400-03 JAVIER/MAYTE CHAVEZ 9640 P STREET 219.56 04-4655-01 RONALD DEL BIANCO 9539 POPLAR WAY 496.16 04-6150-05 GEORGE ALLEN 9726 CANNON WAY 35.31 04-7610-09 ANGEL DELGADO 2810 DEANNE STREET 432.93 04-8876-02 LYNNE FOX 3416 APRICOT STREET 81.35 04-9613-01 BARRY HAMILTON 2730 IDA STREET 112.94 04-5763-02 JOE WOOTEN 9934 LUTHER ROAD 61.85 04-7980-01 RIGO LEPE 9794 DEREE ROAD 237.83 04-8040-03 JOHNY LUCATERO 9720 DEREE ROAD #A 114.41 02-0270-06 JOY/ANTHONY ALEXANDER, 10264 LARKIN ROAD 141.58 03-0980-03 DANIEL GRAY /AIREYAN BARNES 2620 NEVADA STREET 426.62 03-1250-01 ANGELA LEWIS 2911 GUM STREET 127.55 03-2800-08 BRIDGETTE FERNANDEZ 2960 KOLA STREET 29.65 03-2853-02 LINDA MIRELES 3065 KOLA STREET 402.27 03-2993-02 KAREN BERNEY 3218 HEATHER DRIVE 474.05 03-3670-04 TARA ZALME 3002 FORSTNER COURT 234.79 04-2270-11 YESSICA ORNELAS 9432 N STREET 407.52 04-3500-05 JOSE NATALIO SANDOVAL 2928 FIR STREET 217.05 04-3640-02 SARAH DUTRA 2624 FIR STREET 422.96 04-4655-02 CHAD PARAS 9539 POPLAR WAY 516.61 04-5590-02 MCKELLA WRIGHT 3314 ARBOR WAY 197.80 04-8050-05 AUSTIN LEAMER 9714 DEREE ROAD 602.60 04-8253-02 JOSE CANCHE 9751 RICHARD AVENUE 172.62 04-8402-05 MARIAH PIZANO 3463 MUSGRAVE AVENUE 113.72 11,262.61TOTAL 13

City of Live Oak Report to City Council Meeting Date: February 7, 2024 Title: Annual Audited Financial Statements - Year Ended June 30, 2023 Contact Information: James Ramsey, Finance Director Background: Background: Each year the City of Live Oak issues an Annual Comprehensive Financial Report (ACFR) (attached), which was previously referred to as the Comprehensive Annual Financial Report (CAFR). The ACFR summarizes the financial transactions of a local government for the year in accordance with the generally accepted accounting standards as promulgated by the Governmental Accounting Standards Board (GASB). The audit is required by the loan covenants on the water and sewer systems, as well as the as Title 2, Grants and Agreements, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, of the Code of Federal Regulations (Single Audit). The City has engaged a regional, independent certified public accountants (CPA) firm, Rogers, Anderson, Malody, and Scott LLP (RAMS) to perform the audit in accordance with generally accepted auditing standards and Government Auditing Standards. RAMS has issued an unmodified or "clean" opinion that was dated on December 28, 2023. The Single Audit is currently underway and is expected to be issued by March 31, 2024. Financial Highlights: The City's net position as of June 30, 2023 was $84,245,893, which was a decrease of $1,734,214 as compared to last fiscal year. The net position includes items such as capital assets ($61,235,173), net pension liability ($2,146,875), and other long-term obligations such as bonds, notes, leases, and compensated absences ($5,850,038). The City's General Fund ended with a fund balance of $3,122,701, of which $516 thousand was unassigned and available for spending. $2.6 million is committed for various reserves. The General Fund balance decreased by $837,593 due to expenditures greater than actual revenues received. Across 14

all governmental funds, fund balance ended at $6,156,957, a decrease of $416,000. The most significant decrease is recorded in General Fund. The water fund's net position decreased by $1,005,508 from $9,622,183 to $8,616,675 primarily as a result of capital contributions recorded in the fund. The sewer fund's net position decreased by $929,311 primarily due to a significant increase in the net pension liability as well as other operating expenditures (included depreciation), being greater than revenues. Other Information: The ACFR was submitted to the Government's Finance Officers Association (GFOA) excellence in financial reporting award program. Additionally, RAMS has issued their board communication letter in accordance with the clarified auditing standards. The letter identified the net pension liability and net other-postemployment benefits (OPEB) asset as significant estimates. These estimates are determined by actuaries in accordance with their applicable standards. Finally, RAMS has identified fours items that were reported as observations to management as recommendations to internal controls. Management is in the process of revising policies and procedures to address these findings. Fiscal Impacts: None. Recommendation: Accept and file annual financial statements. Attachments: Annual Comprehensive Financial Report GAGAS GANN Management Comment Letter SAS 114 15

CITY OF LIVE OAK, STATE OF CALIFORNIA ANNUAL COMPREHENSIVE FINANCIAL REPORT Fiscal Year Ended June 30, 2023 PREPARED BY THE FINANCE DEPARTMENT 16

CITY OF LIVE OAK, CALIFORNIA ANNUAL COMPREHENSIVE FINANCIAL REPORT FISCAL YEAR ENDED JUNE 30, 2023 PREPARED BY THE FINANCE DEPARTMENT 17

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City of Live Oak Annual Comprehensive Financial Report For the Fiscal Year Ended June 30, 2023 TABLE OF CONTENTS INTRODUCTORY SECTION (UNAUDITED) : Transmittal Letter .................................................................................................................... i Organizational Chart ............................................................................................................. iv FINANCIAL SECTION: Independent Auditors’ Report ................................................................................................ 1 Management Discussion and Analysis (Required Supplementary Information) .................... 5 Basic Financial Statements Government-Wide Financial Statements: Statement of Net Position ............................................................................................. 14 Statement of Activities .................................................................................................. 15 Fund Financial Statements: Balance Sheet – Governmental Funds ........................................................................ 17 Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ................................................................................... 19 Statement of Revenues, Expenditures and Changes in Fund Balances – Governmental Funds .......................................................................................... 20 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities ................ 22 Statement of Net Position – Proprietary Funds ........................................................... 23 Statement of Revenues, Expenses and Changes in Fund Net Position – Proprietary Funds ................................................................................................... 24 Statement of Cash Flows – Proprietary Funds ............................................................ 25 Notes to Basic Financial Statements ....................................................................................... 26 REQUIRED SUPPLEMENTARY INFORMATION (UNAUDITED): Budgetary Comparison Schedule by Department - General Fund .................................... 65 Budgetary Comparison Schedule – Program Income ....................................................... 66 Schedule of Proportionate Share of Net Pension Liability .................................................... 67 Schedule of Plan Contributions .......................................................................................... 69 Schedule of Changes in the Net OPEB Asset and Related Ratios .................................. 71 Schedule of OPEB Plan Contributions ............................................................................... 72 Notes to Required Supplementary Information ................................................................. 73 19

City of Live Oak Annual Comprehensive Financial Report For the Fiscal Year Ended June 30, 2023 TABLE OF CONTENTS (continued) FINANCIAL SECTION (continued): SUPPLEMENTARY INFORMATION: Nonmajor Governmental Funds: Combining Balance Sheet ............................................................................................ 78 Combining Statement of Revenues, Expenditures and Changes in Fund Balances ........................................................................................................ 86 Budgetary Comparison Schedules: Streets and Roads .................................................................................................. 94 Traffic Safety.................................................................................................................. 95 COPS ......................................................................................................................... 96 Sidewalk Improvement ........................................................................................... 97 Street Lighting ......................................................................................................... 98 Mello Roos CFD 92-1 .......................................................................................................... 99 Fire Benefit Assessment ....................................................................................... 100 Mello Roos CFD 2004-1 Fire ............................................................................ 101 Mello Roos CFD 2004-1 Police ............................................................................ 102 Mello Roos CFD 2004-1 Animal Services ........................................................... 103 Mello Roos CFD 2004-1 Street Lighting ............................................................... 104 Mello Roos CFD 2004-1 Parks/Recreation/Pool ................................................. 105 Mello Roos CFD 2004-1 Storm Drain .................................................................. 106 Parks and Recreation Impact Fees ....................................................................... 107 Community Center Impact Fees ............................................................................ 108 Public Works Impact Fees ...................................................................................... 109 General Government Impact Fees ........................................................................ 110 Police Impact Fees ................................................................................................. 111 Fire Impact Fees ..................................................................................................... 112 Signal Impact Fees