HomeMy WebLinkAbout4.06 AnnualAuditRptFY00-01 CITY CLERK
File # 310-30
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: (December 18, 2001)
SUBJECT:
Annual Audit Report for Fiscal Year 2000-01
Report Prepared by: Carole Perry, Administrative Services Director
and Fred Marsh, Finance Manager
ATTACHMENTS:
RECOMMENDATIO~ 1.
2.
Comprehensive Annual Financial Report,
dated June 30, 2001
Independent Auditor's Report On Compliance With~The
Proposition 111 2001-02 Appropriations Limit Increment.
Receive the Reports
Confirm the Reservations of Fund Balances
for Fiscal Year 2000-2001.
FINANCIAL STATEMENT:
See Staff Report.
DESCRIPTION: The City of I~ublin has compiled and published its Comprehensive Annual
Financial Report (CAFR), Attachment 1, for the Fiscal Year ending June 30, 2001. This report includes
financial statements prepared by Vavrinek, Trine, Day, & Co. (VTD), the independent auditors selected by
the City Council. This is the sixth year in which VTD has conducted the audit.
The financial section of the report includes an unqualified opinion issued by VTD. The Audit was also
reviewed on December 13,200,1 by the City Council Ad Hoc Audit Committee. The Committee met with
the auditors to review the information and discuss the report. Overall, the Auditors found no matters
involving the City's internal controls over its financial reporting and operations that were considered to be
a material weakness requiring disclosure in a management letter.
The transmittal letter, contained on pages viii - xiii of the CAFR, provides a good overview of the
financial activities of the City. This letter focuses on significant trends as well as major changes
associated with the General Fund. The General Fund represents the largest portion of the City's revenues
and expenditures and therefore is of primary importance in evaluating the City's fiscal condition. The
statistical section in the CAFR (Attachment 2 pages 77-89) includes graphs of relevant historical data.
The visual presentation can be helpful in identifying trends and/or the timing of key changes which have
impacted the City's financial condition.
In the past, the City has submitted its Annual Financial Report to State and National organizations, which
review it for conformance with desired reporting standards. For the past eleven years, the City has
received awards from both organizations, and the format of this report is intended to continue to qualify
the City for this recognition. These organizations do not announce the results until later in the year.
COPIES TO:
G:~a. UDITXFY 2000-01\cafr~agenda statement for final audit report.doc
Kevin Pulliam, VTD
Gail Smith, VTD
ITEM NO.
4.6
DESIGNATIONS OF FUND BALANCES
A. For Recycling Programs - Measure D Recycling Fund
During the last five Fiscal Years the City has received Mitigation and Recycled Product Grant Funds from
County Waste Management Authority (WMA), which were to be utilized solely for designated Recycling
Programs. All of these funds have been accounted for in the Measure D Recycling Fund. As of June 30,
2001 the City will have $109,446 available to carryover to Fiscal Year 2001/02. These funds have been
shown as a separate restricted fund balance, in Order to segregate them from the remainder of the Measure
D Funds, as they will be a source of'fimding for enhanced recycling programs. The City Council is
requested to confirm this designation, as part of accepting this report.
B. For Authorized Expenditures
This designation is established to allow the City Council to carryover any unused funds as of June 30,
2001 to fired future year operations and projects for each of those fimds with a positive fund balance. The
City Council is requested to confirm this designation, as part of accepting this report for all funds with a
positive fund balance as of June 30, 2001.
COMPLIANCE REPORT FOR THE 2001/02 APPROPRIATIONS LIMIT CALCULATION
As part of their engagement, the Auditors are required to review compliance with laws related to the
calculation of the annual ApproPriations Limit. As required by State Law, the City Council annually .
adopts an Appropriations Limit in conjunction with the annual Budget. Attachment 2 contains the
Auditor's report related to this item. Although this does not represent a formal audit, the report states that
there was nothing found to indicate that the calculation was not in conformance with the required laws.
CONCLUSION
Staff recommends that the City Council receive and file the reports and confirm the designation of Fund
Balances as presented in the audit. In the event that there are specific questions, the members of the City
Council Subcommittee or Staff will be available.
City of Dublin, California
CITY OF DUBLIN
DUBLIN, CALIFORNIA
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED
JUNE 30, 2001
Prepared By: Administrative Services Department
This page left blank intentionally.
CITY OF DUBLIN
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2001
TABLE OF CONTENTS
Page
INTRODUCTORY SECTION
Table of Contents ...................................................................................................... i
Elected Officials and Administration Personnel ..................................................................iv
Organizational Chart .................................................................................................. v
GFOA Certificate of Achievement for Excellence in Financial Reporting .................................... vi
CSMFO Certificate of Award for Outstanding Financial Reporting .......................................... vii
Letter of Transmittal .................................................................................................. vm
FINANCIAL SECTION
Independent Auditor's Report ....................................................................................... 1
General Purpose Financial Statements
Combined Balance Sheets - All Fund Types and Account Groups ............................................. 3
Combined Statement of Revenues, Expenditures and Changes in Fund Balances -
All Governmental Fund Types .................................................................................5
Combined Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
General, Special Revenue Funds and Capital Projects Funds ................................................ 6
Combined Statement of Revenues, Expenses and Changes in Retained Earnings
All Proprietary Fund Types .......................................................................................
Combined Statement of Cash Flows - All Proprietary Fund Types ...........................................
Notes To General Purpose Financial Statements
8
9
CITY OF DUBLIN
COMPREI~F~NSIVE ANNUAL FINANCIAL REPORT
FOR TI~E YEAR ENDED JUNE 30, 2001
TABLE OF CONTENTS (Continued)
COMBINING FUND STATEMENTS AND scm~,DULES Page
General Fund
Comparative Balance Sheets ................................................................................... 33
Combining Statement of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual ........................................................................................... 34
Schedule of Budget Versus Actual Revenues by Source ................................................... 35
Schedule of Budget Versus Actual Departmental Expenditures .......................................... 37
Special Revenue Funds
Combining Balance Sheet ...................................................................................... 41
Combining Statement of Revenues, Expenditures and Changes in Fund Balance ..................... 45
Combining Statement of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual - Budgeted Special Revenue Funds ............................................. 49
Capital Projects Funds
Combining Balance Sheet ....................................................................................... 60
Combining Statement of Revenues, Expenditures and Changes in Fund Balance ...................... 62
Combining Statement of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual ........................................................................................... 64
Internal Service Funds
Combining Balance Sheet ....................................................................................... 68
Combining Statement of Revenues, Expenses and Changes in Retained Earnings ..................... 70
Combining Statement of Cash Flows ..........................................................................72
ii
CITY OF DUBLIN
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2001
TABLE OF CONTENTS (Continued)
Agency Funds
Statement of Changes in Assets and Liabilities ................................................
Page
75
STATISTICAL SECTION
Governmental Expenditures by Function - All Governmental Fund Types -
Last Ten Fiscal Years ............................................................................................ 77
General Governmental Revenues by Source - All Governmental Fund Types -
Last Ten Fiscal Years ............................................................................................ 78
Assessed Value of Taxable Property - Last Ten Fiscal Years ................................................... 79
Property Tax Rates - All Direct and Overlapping Governments - Last Ten Fiscal Years ................... 80
Computation of Legal Debt Margin ................................................................................. $1
Computation of Direct and Overlapping Debt .....................................................................82
Demographic Statistics - Last Ten Fiscal Years ............................................................... 83
Property Value, Construction, and Bank Deposits - Last Ten Fiscal Years .................................. 84
Schedule of 1993 Certificates of Participation Coverage - Fiscal Years 1994-1999 ......................... 85
Property Tax Levies and Collections - Last Ten Fiscal Years ................................................... 86
Principal Property Taxpayers ........................................................................................ 87
Top 25 Sales Tax Producers .......................................................................................... 88
Miscellaneous Statistical Data ....................................................................................... 89
iii
CITY OF DUBLIN
ELECTED OFFICIALS
June 30, 2001
Mayor
Guy S. Houston
Vice Mayor
Janet Lockhart
Councilmember
Claudia McCormick
Councilmember
Tony Oravetz
Councilmember
George Zika
ADMINISTRATION PERSONNEL
City Manager
Administrative Services Director
City Attorney
City Clerk
Chief of Police
Public Works Director
Community Development Director
Parks & Community Services Director
Fire Chief
Richard C. Ambrose
Carole Perry
Elizabeth Silver
Kay Keck
Gary Thuman
Lee Thompson
Eddie Peabody
Diane Lowart
Bill McCammon
CITY OF DUBLIN ORGANIZATIONAL CHART
Residents of Dublin
I
Heritage &
Cultural Arts
Commission
Police Services
Police
Animal Control
Parking Administration
6/2001
City Council
Parks & Community
Services
Commission
!
Youth
Advisory
Committee
Senior
Center
Advisory
Committee
City Manager
City Clerk
Elections
Economic Development
Central Services:
Human Resources
Risk Management
Disaster Preparedness
Waste Management
Cable TV
Crossing Guards
Planning
Commission
City
Attorney
Community
Development
Building & Safety
Planning
Parks &
Community Services
Recreation
Library Services
Cultural Activities
Heritage Center
Dublin Cemetery
Parks & Facilities Mgmnt
Administrative
Services
Finance
Treasurer
Information Systems/
Technology
Public Works
Building Management
Traffic Signals
Street Lighting
Street Maintenance
Street Sweeping
Street Tree Maint
Street Landscape Maint
Park Maintenance
Engineering
Fire
Services
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Dublin,
California
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 2000
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
ecutive lrector
C. lif ornia of
c,'~4unicipal ~inance Officers
Certificate of Award
Outstanding Financial Reporting 1999-2000
Presented to the
City of Dublin
This certificate is issued itt recognition of meethtg professional standards attd criteria bt reportittg
which reflect a high level of quality itt the atmual financial statements
and itt the underlyittg accounting system fi'om which the reports were prepared.
February 26, 2001
Ch~r, P~ ofesslonal & Technical Standards Committee
Dedicated to Excellence in Municipal Financial Management
CITY OF DUBLIN
December 5, 2001
100 Civic Plaza, Dublin California 94568
Website: nttp://www.ci.dublin.ca.us
Honorable Mayor and
Members of the City Council
Presented with this transmittal is the City of Dublin Comprehensive Annual Financial Report, for the year ended June 30,
2001. The responsibility for the accuracy and fairness of this report rests with the City.
REPORT FORMAT
The Comprehensive Annual Financial Report contains information which has been divided into the following three main
sections:
Introductory Section : This consists of: the table of contents; directory of elected officials and staff; city
organization chart; GFOA and CSMFO awards; and a letter of transmittal. This section is intended to assist the
reader and provide a narrative overview of the entire report.
Financial Section: This consists off the independent auditor's report; general purpose financial statements and
notes; and combining statements by fund type. In its entirety this section comprises the annual financial audit
prepared by the City's Certified Public Accountants.
Statistical Section: This section includes both financial and non-financial data about the City and its operations.
The information provides historical comparisons of key factors.
The information in this Comprehensive Annual Financial Report is prepared in accordance with Generally Accepted
Accounting Principles (GAAP) as promulgated by the Governmental Accounting Standards Board (GASB) and includes
the report prepared by the City's independent certified public accountants, Vavrinek, Trine, Day & Co, LLP.
REPORTING ENTITY
This report reflects reporting as a single entity for all operations directly associated and controlled by the City. In
addition to reporting directly for the City operations, Dublin Information Inc. (DID, a separate legal entity, has been
included in the pr/mary reporting entity. This is a non profit corporation originally formed by the City to address the
distribution of public information. The functions were expanded in 1985 to include financing for the construction of a
new Civic Center. The project was completed and the Center was occupied in 1989; the related Certificates of
Participation were paid off during Fiscal Year 1998-1999. During Fiscal Year 2000-01 DII had no financial activity.
SUMMARY OF TI-IE LOCAL ECONOMY
The City of Dublin is located at the intersection of Interstates 580 and 680 approximately 35 miles east of San Francisco.
The City has a wide range of housing types available to meet the demands of various employers throughout the region.
The City has a large retail base which serves local residents as well as those in surrounding communities. The largest
employers include: public agencies such as the County of Alameda and the Dublin Unified School District; corporate
offices such as Calpine, E Loan, Franklin Resources, Humphrey Instruments, Micro Dental Laboratories, Pacific Bell and
Supergen; retailers such as Best Buy, Burlington Coat Factory, Circuit City, Good Guys, Mervyns, Old Navy, Target,
Toys R Us, and a Regal IMAX 21 screen theater, and auto dealers such as Crown Chevrolet, Dublin Honda, Dublin
Toyota, Shamrock Ford, Stoneridge Motors and Valley Auto Center. In addition, Sybase is expected to open its
.corporate headquarters in Dublin by the end of 2001, Safeway anticipates opening a new showcase store in Dublin by the
end of 2001, and Home Expo Design will open a new store in Dublin during the early part of 2002.
Area Code (925) · City Manager 833-6650 · City Council 833-6650 · Personnel 833-6605 · Economic Development 833-6650
Finance 833-6640 - Public Works/Engineering 833-6630 · Parks & Community Services 833-6645 · Police 833-6670
Planning/Code Enforcement 833-6610 - Building Inspection 833-6620 · Fire Prevention Bureau 833-6606
Printed on Recycled Paper
Economic conditions throughout the State improved during Fiscal Year 2000/2001. Retail Sales are an obvious indicator
of the general economic climate. The General Fund Sales Tax in 2000-2001 increased by 12% over the amount
attributable to the prior year ($13.0 million in FY 2000/01 vs. $11.5 million in FY 1999/2000). A significant mount of
the City's retail sales are attributable to the sales of new and used automobiles which continued to improve for the sixth
year in a row with improved sales.
The future economic outlook for the City is geared towards enhancing the City's existing economic base, while seeking
opportunities for expansion and adding diversity to the current retail base. There is the ability to accommodate
significant new development projects in the City's Eastern Dublin Specific Plan Area, as evidenced by several
development agreements entered into with the Alameda County Surplus Property Authority and Dublin Ranch during the
- past few fiscal years.
The economic outlook for the City of Dublin for Fiscal Year 2001-02, however, has been impacted by the downturn in
the State economy, the State energy crisis, and the national events of September 11, 2001. As a result, the City is
expecting lower than estimated revenues in most of its major revenue categories for Fiscal Year 2001-02, although the
City anticipates that there will be sufficient reserves to cover any revenue shortfalls.
MAJOR INITIATIVES
The City of Dublin is an active and vibrant community, with a municipal government that is proactive and prepared to
respond to changes which are occurring. Each year the City Council adopts Goals and Objectives for the upcoming year
and evaluates the progress achieved on the goals previously established. The City's Goals and Objectives program is the
process by which the City Council formulates major initiatives for the City.
In Fiscal Year 2000-01, the City began work on the new Civic Center Library and began design work on the new Emerald
Glen Fire Station. In addition, the City continued to make progress on the design and construction of arterial street and
freeway interchange improvements in the Eastern Dublin Specific Plan area, contributed $90,000 for the "Computers for
Our Schools" project, and completed conversion to energy saving traffic signal lights.
The market for new housing of all types slowed during Fiscal Year 2000-2001, with permits issued for 514 new
residential units, a drop of 34% from the previous Fiscal Year. The valuation of these new residential units was
estimated to be $155 million, adding to the City's taxable assessed value for Fiscal Year 2001-2002. Non residential
activity increased somewhat during Fiscal Year 2001-02, as building permits were issued for a new neighborhood
shopping center in Eastern Dublin, a Home Expo Design store and several new office buildings, including the corporate
headquarters for Sybase. Due to the above mentioned economic events, previously apprOved plans for a GM AutoMall,
another hotel and the completion of additional office buildings have been delayed and construction of new single family
detached housing is also expected to decline during Fiscal Year 2001-02.
ACCOUNTING SYSTEM AND BUDGETARY CONTROL
- Note 2 in the General Purpose Financial Statements provides a detailed explanation of the significant accounting policies.
For all City Governmental funds, the revenues and expenditures are based on a modified accrual basis of accounting.
This means that revenues are recorded when measurable and available rather than when they are received. Expenditures
· ~- are recorded when the liability is incurred rather than when it is paid. In the case of proprietary funds, expenditures are
accounted for using the accrual basis of accounting.
In developing and evaluating the City's accounting system, consideration is given to the adequacy of controls. Internal
accounting conlrols are designed to provide reasonable assurance regarding: safeguarding of assets against loss, accuracy
and reliability of accounting data, and adherence to prescribed policies. The concept of reasonable assurance recognizes
that the cost of a control should not exceed benefits likely to be derived and that the evaluation of costs and benefits
require estimates and judgments by management.
The City Manager develops and presents a budget for approval by the City Council on an annual basis. The budget
includes appropriations for both operating programs and capital improvement projects. The budget is approved by
departmental level based upon the identified funding sources. The adopted accounting procedures authorize the City
Manager to transfer budget mounts between line items within the same Department. Expenditures may not exceed
budgeted appropriations at the departmental level without City Council approval, except as provided for in the City
Council resolution adopting the budget.
FINANCIAL ItIGltLIGltTS OF FISCAL YEAR 2000 - 2001
The financial reports identify that among all of the Governmental Fund Types, the General Fund represents over 70% of
both Revenues and Expenditures. Although the financial activities within all funds are detailed in the Financial Section
of the report, it is clear that the activity within the General Fund is of primary importance when evaluating the City's
fiscal condition. Therefore, this discussion will focus on the General Fund.
The following analysis shows changes in major General Fund Revenue Types as compared to the previous Fiscal Year:
GENERAL FUND REVENUES
PROPERTY TAXES
TAXES OTHER THAN PROPERTY
LICENSES / PERMITS
INTERGOVERNMENTAL REVENUE
CHARGES FOR SERVICES
INTEREST
USE OF PROPERTY
FINES & FORFEITURES
OTHER
TOTAL
Collected In % of Total Prior Year Change % Change
FY 2000-01 FY 2000-01. Amount from PY from PY
$7,174,290 19% $5,991,816 $1,182,474 20%
$15,885,153 43% $13,691,605 $2,193,548 16%
$3,028,655 8% $3,897,965 ($869,310) (22%)
$2,006,116 5% $1,632,441 $373,675 23%
$3,719,568 10% $3,308,263 $411,305 12%
$2,512,223 7% $1,254,906 $1,257,317 100%
$114,614 0% $85,831 $28,783 34%
$106,234 0% $84,543 $21,691 26%
$2,716,621 8% $726,525 $1,990,096 274%
$37,263,474 100% $30,673,895 $6,589,579 21% a
The following sections describe changes in Fiscal Year 2000-01 within each of the major revenue categories:
Property Tax related revenues reflect an increase due to new residential and commercial units (mostly in Eastern
Dublin) constructed in Fiscal Year 1999-2000 and included for the first time on the 2000-01 tax roll. In addition, there
was a general overall increase in property values in the City due to an active housing market and demand for office and
retail space. The City's taxable assessed value increased from $2.4 billion in Fiscal Year 1999-2000 to $3.0 billion in
Fiscal Year 2000-01, a 25% increase over the prior Fiscal Year. The taxable assessed value on the property in Eastern
Dublin will continue to increase as new residential and commercial units are constructed by developers.
The increase in Taxes Other Than Property category is primarily related to sales taxes. The City experienced a 12%
increase in sales taxes over the prior year due to continued strong auto sales. In addition, the City experienced a
significant increase in the amount of Transient Occupancy Taxes as the City's two new hotels were open for the entire
year and increased revenues were received from the City's other two existing hotels.
The decrease in Licenses and Permits category is primarily related to building permits. As previously noted the
development sector showed a decrease in activity resulting from a decline in the number of permits issued for new
residential units. The valuation of the additions and improvements covered by these new building permits decreased
from $287 million in Fiscal Year 1999-2000 to approximately $269 million in Fiscal Year 2000-01. Even though permits
may have been obtained in Fiscal Year 2000-01, the City will continue to incur inspection related costs in Fiscal Year
2001-02 for those buildings not completed as of June 30, 2001.
Intergovernmental Revenues increased from the prior year due to an increase in the allocation of State Motor Vehicle
in Lieu fees from the State resulting from an increase in the City's population and an increase in car sales statewide.
Charges for Services are higher than in the same period of the prior year due to additional monies received for planning
and fire plan check fees for work performed by staff and consultants on new development occurring within the City.
The Fine and Forfeiture category showed an increase attributable to an increase in the parking £mes and other fines
collected by the municipal court and allocated to the City. This category represents a very small fraction of the total
General Fund revenues.
Interest earnings were higher than originally anticipated as additional funds were made available for investment due to
expenditure savings, delays in Capital Projects, higher than anticipated revenues in the General Fund and a higher rate of
return on the City's investments than in the previous year.
Other Revenues showed an increase over the previous year due to a $2 million contribution from a developer to partially
fund construction of the new Civic Center Library.
The following chart compares changes in General Fund expenditures to the previous Fiscal Year:
GENERAL FUND EXPENDITURES
Expended In % of Total Prior Year Change % Change
FY 2000-01 FY 2000-01 Amount from PY from PY
GENERAL GOVERNMENT $3,085,725 12% $2,274,914 810,811 36%
DEBT SERVICE $251,004 1% $251,004 0 0%
PUBLIC SAFETY $10,401,808 42% $9,485,166 916,642 10%
HIGHWAYS & STREETS $959,762 4% $827,141 132,621 16%
HEALTH & WELFARE $13,483 0% $19,086 (5,603) (29%)
CULTURE & LEISURE $3,332,421 13% $2,827,621 504,800 18%
COMMUNITY DEVELOPMENT $4,526,076 18% $4,116,030 410,046 10%
CAPITAL OUTLAY $2,431,558 10% $2,115,204 316,354 15%
TOTAL $25,001,837 100% $21,916,166 3,085,671 14%
The following sections describe changes in Fiscal Year 2000-01 within each of the major expenditure categories:
General Government expenditures increased over the prior year due to higher amounts paid for insurance premiums and
claims, additional staffing in the Administrative Services divisions, increased legal costs related to development related
legal review, and funding of computer technical support for "Computers in Our Schools" program.
related legal costs are reimbursed by the project applicant and offset by revenue.
The development
The Debt Service category represents the third of four annual debt payments due to the Dublin Unified School District
for costs incurred in the construction of a new gymnasium.
Public Safety costs increased over the prior year due to increased Police expenditures resulting from the hiring of
additional public safety officers, increased fees for bookings at the County Jail, higher fees for dispatch services and a
cost of living adjustment from Alameda County for contract Police personnel. Fire expenditures also increased due to a
cost of living adjustment from the Alameda County Fire Department for Contract fire personnel.
Culture and Leisure Services expenditures increased over the prior year due to higher expenditures for park
maintenance and additional expenditures incurred for Parks and Connnunity Services programs and other special events,
including the annual St. Patrick's Day celebration and concerts at thc Civic Center.
Community Development expenditures increased over the prior year due to additional time spent by consultants on
various development projects, primarily in the Eastern Dublin Specific Plan area.
Capital Outlay expenditures were $316,354 more in Fiscal Year 2000-01 than the previous year. DUe to the one-time
nature of capital projects, fluctuations from year to year are common. Approximately 66% of General Fund spending on
Capital Projects in Fiscal Year 20004)1 was related to the following five projects:
Civic Center Library
· Dublin Boulevard Widening- Dougherty to Scarlett
· LED Traffic Signal Conversion
· Alamo Canal Bikepath
Swim Center Improvements
DEBT ADMINISTRATION
The City has no outstanding General Obligation debt. However, the City does administer funds for debt issued pursuant
to the 1915 Improvement Act for thc Dublin Boulevard Extension Assessment District. The total amount of assessment
debt outstanding at June 30, 2001 is $1,770,000. This amount is repayable from property assessments levied on
prOPerties benefiting from the improvements, and the City has no legal, contingent or moral obligation for thc repayment
of this debt. Revenues collected were sufficient to finance all required debt service expehditures for the year ending June
30, 2001. There were no material delinquent assessment revenues at year end.
RISK MANAGEMENT
The City of Dublin is a member of ABAG PLAN Corporation. This is a public agency pool providing liability insurance
coverage to 29 Bay Area cities. The coverage limit for Fiscal Year 2000-01 was $7 million per occurrence, which does
not cover damage resulting from an earthquake. The City of Dublin has selected a $50,000 deductible. The pool also
provides property insurance coverage with a $5,000 deductible except for vehicle losses, which carry a $10,000
deductible. The pool purchases the required employee bonds from a commercial surety company. In accordance with
GASB 10, the City established a liability of $137,210 for claim deductibles. This includes a provision for losses which
may be "incurred but not reported" (IBNR). The actual cost for liability claims paid by the City for Fiscal Year 2000-01
was $47,803.
CASH MANAGEMENT
Cash temporarily idle during the year was invested in accordance with adopted investment policies. The amount of
interest earned on all Governmental and Proprietary Fund Types was approximately $2.7 million. The City's yield on all
of its investments as of June 30, 2001 was 5.20%.
At June 30, 2001, the City's portfolio of investments had an average weighted maturity of 1.3 years. The city has
positioned its cash needs to allow it to hold all securities to maturity. On a quarterly basis the City Council is provided
with a report on investment activity. The investment strategy emphasizes the safety of the portfolio and liquidity to
match anticipated cash flow needs. The portion of the portfolio containing U.S. Notes and Agency Obligations does not
include any repurchase agreements.
INDEPENDENT AIJDIT'
Each year the City of Dublin obtains an independent annual audit of the City's financial records. The information
presented includes a review of operations and changes in financial position. This report includes the Auditor's unqualified
opinion on the City's combined financial statements.
AWARDS
The Government Finance Officers' Association (GFOA) and the California Society of Municipal Finance Officers'
(CSMFO) have both recognized the City of Dublin for its Comprehensive Annual Financial Report covering the period
ending June 30, 2000. Copies of the awards from these entities are included in this report. 'These awards represent the
eleventh consecutive year that the City's report was recognized by the GFOA. In order to be recognized, the City was
required to produce an easily readable and efficiently organized report. The report must also meet the standard for
generally accepted accounting principles and legal requirements. The Certificate of Achievement is valid for a period of
one year. We believe that our current report continues to meet the Certificate of Achievement program requirements. It
is our intent to submit this report to GFOA and CSMFO to determine eligibility for their certificates.
ACKNOWLEDGMENTS
Among the responsibilities assigned to the Administrative Services Department are the functions associated with Finance.
It is especially appropriate to recognize the efforts of Finance Manager Fred Marsh, Administrative Analyst Lisa
Hisatomi, Finance Technicians Lynn Harrington, Katie Mooney and Diane Stanley and Office Assistants Wanda
Oppenheim and Tami Garner in preparing this report.
The City is fortunate to have these dedicated staff members who are willing to devote extensive time and energy in
preparing such a comprehensive report. The City has had its financial reports recognized by GFOA and CSFMO for
several years, which is a significant accomplishment, since this task is often undertaken only by larger organizations.
Staff also appreciates the professional effort expended by the independent auditors of Vavrinek, Trine, Day & Co., LLP
in the preparation of the financial statements.
The City Council is recognized for its continued support and encouragement. Staff intends for the report to be a source
of pride and accomplishment; representing excellence in financial reporting and exemplifying the high priority given to
the provision of quality services.
Sincerely,
Carole Perry
Administrative Services Director
xiii
FINANCIAL SECTION
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Vavrinek, Trine, Day & Co., LLP
Certified Public Accountants & Consultants
INDEPENDENT AUDITOR'S REPORT
To the City Council
City of Dublin, California
We have audited the general-purpose financial statements of the City of Dublin as of and for the year ended
June 30, 2001, as listed in the Table of Contents. These financial statements are the responsibility of the City's
management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America
and the standards for 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 audits to obtain reasonable
assurance as to whether the financial statements are free of material misstatement. An audit includes examining
on a test basis evidence supporting the amounts and disclosures in the financial statements. An audit also
includes assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe our audits provide a reasonable basis for our
opinion.
In our opinion, such general-purpose financial statements present fairly in all material respects the financial
position of the City of Dublin at June 30, 2001, and the results of its operations and cash flows of its proprietary
fund types for the years then ended, in conformity with accounting principles generally accepted in the United
States of America.
In accordance with Government Auditing Standards, we have also issued a report dated September 21,2001, on
our consideration of the City's internal control over financial reporting and our tests of its compliance with
certain provisions of laws, regulations, contracts and grants.
Our audits were made for the purpose of forming an opinion on the general-purpose financial statements taken as
a whole. The combining fund statements and schedules listed in the Table of Contents are presented for the
purpose of additional analysis and are not a required part of the general-purpose financial statements. These
combining fund statements and schedules have been subjected to the auditing procedures applied in the audits of
the general purpose financial statements, and in our opinion are fairly stated in all material respects when
considered in relation to the general purpose financial statements taken as a whole. The Statistical Section listed
in the Table of Contents was not examined by us and we do not express an opinion on this information.
Pleasanton, California
September 21,2001
5000 Hopyard Rd., Suite 335 Pleasanton, CA 94588-3351 Tel: 925.734.6600 Fax: 925.734.6611 www.vtdcpa.com
FRESNO · LAGUNA HILLS · PLEASANTON · RANCHO CUCAMONGA · SACRAMENTO · SAN JOSE
CITY OF DUBLIN
GENERAL PURPOSE FINANCIAL STATEMENTS
These statements provide an overview of the combined financial position and the operating results of all fund
types and account groups. Individual funds and account groups utilized by the City are grouped in these
statements as follows:
GOVERNMENTAL FUND TYPES
These funds include general, special revenue and capital projects funds, through which governmental functions
are typically funded, with the emphasis on sources and uses of resources.
PROPRIETARY FUND TYPES
These funds include enterprise and internal service funds, which are used to account for activities similar to
private industry, with emphasis on net income determination and cost recovery.
FIDUCIARY FUND TYPES
These agency funds are used to account for assets held by the City as an agent.
ACCOUNT GROUPS
The account groups are used to establish accounting control over the City's general fixed assets and general long-
term obligations. These assets and liabilities are not spendable resources and do not require current
appropriation. They are accounted for separately from governmental fund types.
-- 2
CITY OF DUBLIN
COMBINED BALANCE SI:[EETS
ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30, 2001
(With Comparative Totals for June 30, 2000)
ASSET
Cash and investments (Note #3)
Restricted cash and investments (Note #3)
Accounts receivable
Accrued interest receivable
Due from other governments
Due from other funds (Note
Prepaids
Escrow deposit
Fixed Assets (Note #5)
Amount to be provided for retirement
of general long-term obligations (Note #6)
Total Assets
LIABILITIES
Accounts payable
Accrued wages
Accumulated unpaid general leave (Note #2)
Deposits payable
Liability insurance claims payable (Note #9)
Deferred revenues
Due to other funds (Note #4)
Due to other governments
Due to bondholders
Advance payable (Note #6)
Total Liabilities
FUND EQUITY AND OTHER CREDITS
Investment in general fixed assets
Contributed capital
Retained earnings
Reserved for equipment replacement
Fund balances reserved for (Note #7): Prepaids
Recycling programs
Fund balances unreserved, designated for (Note #7):
Cemetery endowment
Economic uncertainty
Downtown improvements/Open space
Library
Senior center
Emerald Glen Fire Station
Senior center van
Authorized expenditures
Undesignated
Total Fund Equity and Other Credits
Total Liabilities and Fund Equity
GOVERNMENTAL FUND TYPES
Special Capital
General Revenue Pro, iects
$ 37,115,672 $ 3,423,482 $ 27,742,815
2,621,747 864,009
744,407
550,855
5,175
109,300
$ 41,037,856 $ 4,287,491 $ 27~852,115
~463,418 543,699 322,979
197,143
323,537
927,256
137,210
147,203 27,108,594
550,855
52,266
6,248,033 1,094,554 27,431,573
5,175
60,000
1,369,133
1,589,596
4,169,097
2,135,910
2,552,324
50,000
22,858,588
34,789,823
$ 41,037,856
109,446
3,083,491 420,542
3,192,937 420~542
$ 4,287,491 $ 27,852,115
See accompanying notes to financial statements.
PROPRIETARY
FUND TYPE
Internal
Service
FIDUCIARY
FUND TYPE
Agency
$ 5,377,229 $ 147,619
166,814
6,495 31,968
22,149,266
$ 2%532,990
$ 346,401
ACCOUNT GROUPS
General
Fixed Assets
General-Long
Term Debt
9,590,322
$ 9,590,322
$ 7,241,501
$ 7,241,501
TOTALS
{Memorandum Only)
2001
2000
73,806,817
166,814
3,524,219
744,407
550,855
5,175
109,300
31,739,588
50,213,452
157,925
2,242,997
841,359
667
60,543
13,144
4,267,787
29,731,788
7,241,501 7,205,562
$ 117,888,676 $ 94,735,224
15,141
15,141
22,176,624
5,341,225
2%517,849
$ 27,532,990
346,401
346.401
$ 346~401 $
9,590,322
9,590,322
9,590,322
7,241,501
7,241,501
$ 7,241,501
5,345~37 &855,948
197,143 158,520
323,537 262,319
927,256 1,017,683
137,210 137,210
27,255,797 20,794,042
550,855 60,543
52,266 177,077
346,401 326,781
%241,501 7,205,562
42,377,203 34,995,685
9,590,322 8,626,022
22,176,624 2t,286,492
5,341,225 2,197,604
5,175 13,144
109,446 93,056
60~00
1,369,133
1,589,596
4,169~97
2,135,910
2,552,324
50,000
26,362,621
75,511,473
$ 117,888,6%
60,000
1,369,133
400,000
1,783,857
266,098
23,648,275
(4,142)
59,739,539
94,735~224
_ 4
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CITY OF DUBLIN
COMBINED STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Totals for the Fiscal Year Ended June 30, 2000)
GOVERNMENTAL FUND TYPES
TOTALS
(Memorandum Only)
General Special Capital
Fund Revenue Projects
REVENUES
Property taxes $ 7,174,290
Taxes other than property 15,885,153 $ 300,030
Licenses and permits 3,028,655
Intergovernmental 2,006,116 2,122,974
Charges for services 3,719,568 766,872
Interest 2,512,223 212,854
Use of property 114,614
Fines and forfeitures 106,234 136,129
Developer fees
Other revenue 2,716,621 20,231
Special assessmems 384,649
Total Revenues 37,263,474
2001 2000
$ 8,882,375
$ 7,174,290 $ 5,991,816
16,185,183 13,962,982
3,028,655 3,897,965
4,129,090 3,056,557
4,486,440 4,041,472
2,725,077 1,375,317
114,614 85,831
242,363 197,914
8,882,375 10,337,149
2,736,852 767,795
384,649 318,355
3,943,739 8,882,375 50,089,588 44,033,153
EXPENDITURES
Current:
General government
Public safety
Highways and streets
Health and welfare
Culture and leisure
Community development
Capital outlay
Debt Service
Principal
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers om
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
3,085,725 3,085,725 2,274,914
10,401,808 558,944 10,960,752 9,892,983
959,762 486,181 1,445,943 1,504,050
13,483 1,125,916 1,139,399 893,254
3,332,421 3,332,421 2,827,621
4,526,076 16,050 30,855 4,572,981 4,138,916
2,431,558 849,686 8,796,238 12,077,482 13,052,015
251,004
25,001,837
12,261,637
16,202
(2,4O0,000)
(2,383,798)
9,877,839
50,000 301,004 251,004
3,036,777 8,877,093 36,915,707 34,834,757
906,962 5,282 13,173,881 9,198,396
(15,062) (1,140)
(15,062) (1,140)
16,202 17,869
(2,416,202) (949,510)
(2,400,000) (931,641)
891,900 4,142 10,773,881 8,266,755
Fund Balance, Beginning of Year
Fund Balance, End of Year
24,911.984 2,301,037 416,400 27.629,421 19.362.666
$ 34,789,823 $ 3z192,937 $ 420,542 $ 38,403,302 $ 27,629,421
See accompanying notes to financial statements.
_ 5
CITY OF DUBLIN
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
GENERAL, SPECIAL REVENUE AND CAPITAL PROJECTS FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
REVENUES Property taxes
Taxes other than property
Licenses and permits
Intergovernmental
Charges for services
Interest
Use of property
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDrrURES
Current:
General government
Public safety
Highways and streets
Health and welfare
Culture and leisure
Community development
Capital outlay
Debt Service
Principal
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
GENERAL FUND
Budget
Actual
Variance
Favorable
(Unfavorable)
6,168,350
13,515,840
3,124,088
1,813,500
3,542,918
1,411,205
102,054
68,755
2,935,854
32,682,564
$ 7,174,290 $ 1,005,940
15,885,153 2,369,313
3,028,655 (95,433)
2,006,116 192,616
3,719,568 176,650
2,512,223 1,101,018
114,614 12,560
106,234 37,479
2,716,621
37,263,474
(219,233)
4,580,910
3,314,765
10,858,374
967,545
19,390
3,475,641
4,894,262
4,896,739
251,004
28,677,720
3,085,725
10,401,808
959,762
13,483
3,332,421
4,526,076
2,431,558
251,004
25~001,837
4,004,844
12,261,637
229,040
456,566
7,783
5,907
143,220
368,186
2,465,181
3,675,883
8,256,793
(2,400,000)
(2,400,000)
1~202
(2,400,000)
(2,383,798)
16~02
16,202
$ 8,272,995
1,604,844
9,877,839
24,911,984
$ 34,789,823
See accompanying notes to financial statements.
SPECIAL REVENUE
Budget
Actual
Variance
Favorable
(Unfavorable)
CAPITAL PROJECTS
Budget
Actual
Variance
Favorable
(Unfavorable)
$ 276,850
3,477,434
763,302
114,265
89,475
I1,000
390,388
5,122,714
300,030
2,122,974
766,872
212,854
136,129
20,231
384,649
3~943,739
23,180
(1,354,460)
3,570
98,589
46,654
9,231
(5,739)
(1~178,975)
$ 19,313,432
19,313,432
$ 8,882,375
8,882,375
$ (10,431,057)
(10~431 t057)
727,934
736,785
1,200,091
67,051
3,038,992
5,770,853
(648~139)
558,944
486,181
1,125,916
16,050
849,686
3,036,777
906,962
168,990
250,604
74,175
51,001
2,189,306
2,734,076
1.555.101
8,776
8.776
37,834
23,901,243
50~000
23,989,077
(4,675,645)
0,14o)
(1,14o)
30,855
8,796,238
50,000
8~877,093
5.282
6,979
15,105,005
15~111,984
4,680,927
(23,838)
(23,838)
(15,o62)
(15,o62)
(1,14o)
(1,14o)
$ (671,977)
891,900
2,301,037
$ 3,192~937
$ 1,563,877
$ (4,676,785)
4,142
416,400
$ 420.542
$ 4,680,927
CITY OF DUBLIN
COMBINED STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
ALL PROPRIETARY FUND TYPES
FOR TI~E FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Totals for the Fiscal Year Ended June 30, 2000)
REVENUES
Charges for services
Miscellaneous
Total Revenues
EXPENSES
Depreciation
Services and supplies
Total Expenses
Operating (LOSS)
NONOPERATING INCOME (EXPENSES)
Interest Income
Nonoperating Income (Loss)
Income (Loss) Before Operating Transfers
Operating transfers in
Net Income
Charge to contributed capital for depreciation on
fixed assets acquired with contributions
Retained Earnings, Be~nning of year
Retained Earnings, End of year
Internal
Service Funds
2001 2000
$ 944,536 $ 580,974
6895 42215
951,031 623,189
841,988 762,448
217,499 103228
1,059887 865,676
(108856) (242,487)
205,272 65,324
205272 65,324
96,816 (177,163)
2800,000 931,641
2,496,816 754878
646,805 545,510
2,197,604 897,616
$ 5,341,225 $ 2,197,604
See accompanying notes to financial statements.
CITY OF DUBLIN
COMBINED STATEMENT OF CASH FLOWS
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Totals for the Fiscal Year Ended June 30, 2000)
CASH FLOWS FROM OPERATING ACTIVITIES
Operating (loss)
Adjustments to reconcile operating income
to cash flows from operating activities:
Depreciation
Net effect of changes in
Accounts receivable
Accounts payable
Cash Flows from Operating Activities
CASH FLOWS FROM/NVESTING ACTIVITIES
Interest received
Cash Flows from Investing Activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Fixed asset purchases
Financing Activities
CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES
Operating Transfers In
Cash Flows from Noncapital
Financing Activities
Net Cash Flows
Cash and investments, Beginning of Year
Cash and investments, End of Yeax
Non-cash investing, capital and financing activities:
Contributed fixed assets
Internal
Service Funds
2001
2000
$ (108,456) $ (242,487)
841,988 762,448
(6,495)
8,787 (14,453)
735,824 505,508
205,272 65,324
205,272 65,324
(348~550)
(348,550)
(141,297)
(141,297)
2,400,000 931,641
2,400,000 931,641
2,992,546 1,361,176
2r384,683 1,023,507
$ 5~37%229 $ 2,38~683
$ 1,53~937
$ 2,275,141
See accompanying notes to financial statements.
This page left blank intentionally.
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #1 - GENERAL
The City of Dublin is a residential community with a significant regional commercial base, located in the Tri-
Valley area of Alameda County at the crossroads of Interstate Freeways 580 and 680. The City was incorporated
as a municipal corporation February 1, 1982; population at January 1, 2001, was 32,570, including prisoners
housed at the Alameda County Sheriffs Department Santa Rita Jail and the Federal Correctional Institute.
The City operates under the Council-Manager form of government, with five elected Council members served by
a full-time City Manager and staff. At June 30, 2001, the City's staff comprised 67 full-time employees who
were responsible for City-provided services. In addition, the City employs approximately 30-75 seasonal
recreation personnel. The City provides many traditional municipal services through contracts with both public
and private entities. Approximately 99 contract employees provide a variety of municipal services from City
facilities.
NOTE #2 - SUMMARY OF SIGNIFICANT A CCO UNTING POLICIES
The following is a summary of significant accounting policies of the City, which conform with accounting
principles generally accepted in the United States of America applicable to governments.
,4. Reporting Entity
The general-purpose financial statements of the City of Dublin include the financial activities of the City as
well as Dublin Information, Inc. (DII). DH is a separate legal entity, which assists in providing financing to
the City. DH is governed by the same governing board as the City plus the City Manager and Assistant City
Manager and is dependent on the City for its cash flows. The financial activities of DII have been aggregated
and merged (termed "olended') with those of the City in the Dublin Information, Inc. Enterprise Fund. Since
DII's sole business was facilities rental, it accounts for rents as operating revenues.. The ownership of assets
previously owned by DH was transferred to the City as of February 1, 1999 in conjunction with the early
retirement of the 1993 COPs. There was no activity during the fiscal year 2000-2001.
B. Fund Accounting
The accounts of the City are organized on the basis of funds and account groups, each of which is considered
a separate accounting entity. The operations of each fund are accounted for with a separate set of self-
balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures, or expenses,
as appropriate. Government resources are allocated to and accounted for in individual funds based upon the
purposes for which they are to be spent and the means by which spending activities are controlled. The
various fimds are grouped in the general-purpose financial statements as follows:
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE 2 - SUMMARY OF SIGNIFICANT A CCOUNTING POLICIES (Continued)
· General Fund is the general operating fund of the City. It is used to account for all financial resources
except those required to be accounted for in another fund.
· Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than
major capital projects) that are legally restricted to expenditures for specific purposes.
· Capital Projects Funds are used to account for financial resources to be used for the acquisition or
construction of major capital facilities (other than those financed by propr/etary funds).
PROPRIETARY FUND TYPES
· Internal Service Funds are used to account for the fmancing of goods provided by one department or
agency to other departments or agencies of the City on a cost-reimbursement basis.
FIDUCIARY FUND TYPE
Agency Funds are used to account for assets held by the City as an agent for individuals, private
organizations, other governments and/or other funds, in accordance with the conditions of the
agreements. Agency funds are purely custodial and thus do not involve measurement of results of
operations.
C. Measurement Focus
All governmental funds are accounted for on a spending or financial flow measurement focus, which means
that only current assets and current liabilities are generally included on their balance sheets. Their reported
fund balance is their net current assets, which is considered only to be a measure of available spendable
resources. Governmental fund operating statements present a summary of sources and uses of available
spendable resources during a period by presenting increases and decreases in net current assets.
Because of their spending measurement focus, governmental funds exclude fixed assets and non-current
liabilities. Instead, these assets and liabilities are reported in the General Fixed Assets Account Group and
the General Long-Term Obligations Account Group. These account groups measure only financial position;
they are not funds and they do not measure results of operations. They maintain accounting control over the
City's governmental fund fixed assets and City debt, which will be repaid by governmental funds.
In those cases when a governmental fund records a long-term receivable or other non-current asset, an
offsetting credit is made to deferred revenue, or undesignated fund balance is reduced to reflect the fact that
this amount is not Yet available.
Proprietary funds are accounted for on a cost of services or capital maintenance measurement focus, which
means that all assets and all liabilities associated with their activity are included on their balance sheets.
i1
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #2 o SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Their reported fund equity is segregated into contributed capital and retained earnings components.
Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in tOtal
assets.
In accordance with GASB Statement No. 20, for proprietary fund accounting, the City applies all applicable
GASB pronouncements and all applicable FASB Statements and Interpretations, Accounting Principles
Board (APB) Opinions and Accounting Research Bulletins (ARB) issued on or before November 30, 1989,
unless those pronouncements conflict with or contradict GASB pronouncements. The City also applies all
FASB Statements and Interpretations issued after November 30, 1989, except for those that conflict with or
contradict GASB pronouncements.
D. Fixed Assets, Depreciation, and Long-Term Liabilities
The General Fixed Assets Account Group provides accounting control over the cost of fixed assets used by
the City's governmental funds. The General Fixed Assets Account Group is not a fund and its balances are
not financial resources available for expenditure. Rather, they provide an historical accounting record of
resources expended on general fored assets. Pubhc domain (infrastructure) general fixed assets, which
include roads, bridges, curbs and gutters, streets and sidewalks, drainage systems, and lighting systems, have
not been capitalized because these assets are immovable and of value only to the public. No depreciation has
been provided on general fixed assets.
Proprietary fund fixed assets are recorded at cost and depreciated over their estimated useful lives. The
purpose of depreciation is to spread the cost of proprietary fund fixed assets over the useful life of these
assets. The amount charged to depreciation expense each year represents that year's pro rata share of the cost
of proprietary fund fixed assets.
All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not
available. Donated fixed assets are valued at their estimated fair market value on the date donated.
Depreciation of all proprietary fund fixed assets is charged as an expense against operations each year and
the tOtal amount of depreciation taken over the years, called accumulated depreciation, is reported on the
proprietary funds' balance sheet as a reduction in the book value of the fixed assets.
Depreciation of fixed assets in service is provided using the straight line method which means the cost of the
asset is divided by its expected useful life in years and the result is charged to expense each year until the
asset is fully depreciated.
The City has assigned the useful lives listed below to proprietary fund fixed assets.
Buildings
Machinery and equipment
37.5 Years
3-15 Years
12
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #2 - SUMMARY OF SIGNIFIC,4NT.4CCOUNTING POLICIES (Continued)
The General Long-Term Debt Account Group provides accounting control over the unmamred principal of
the City's general long-term debt. This debt will be repaid out of governmental funds but is not accounted for
in these funds because this part of the debt does not require an appropriation or expenditure in this
accounting period.
The two account groups are not funds. They are concerned only with the measurement of fmancial position.
They are not involved with measurement of results of operations.
E. Contributed Capital in Proprietary Fund T_¥pes
Contributed capital in proprietary funds represents contributed fixed assets. Contributed capital in the
Internal Service Fund increased by $890,132 during the year ended June 30, 2001.
F. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and
reported in the general-purpose financial statements. Basis of accounting relates to the timing of the
measurements made, regardless of the measurement focus applied.
All governmental and agency fund types are accounted for using the modified accrual basis of accounting.
Their revenues are recognized when they become measurable and available as net current assets.
Those revenues susceptible to accrual are property taxes, sales taxes, transient occupancy taxes, interest
revenues, and charges for services. Fines, licenses, use of property and permit revenues are not susceptible to
accrual because they generally are not measurable until received in cash.
Expenditures are generally recognized under the modified accrual basis of accounting when the related fund
liability is incurred, except for principal and interest on general long term obligations which is recognized
when due. Because of their current financial resources focus, expenditure recognition for governmental fund
types excludes amounts represented by non-current liabilities. Since they do not affect net current assets,
such long-term amounts are not recognized as governmental fund expenditures or fund liabilities.
All proprietary fund types are accounted for using the accrual basis of accounting. Their revenues are
recognized when they are earned, and their expenses are recognized when they are incurred.
13
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #2 - SUMMARY OF SIGNIFICANT A CCO UNTING POLICIES (Continued)
G. Budgets and Budgetary Accounting
The City follows these procedures in establishing the budgetary data reflected in the general-purpose financial
statements:
Prior to June 30 the City Manager submits to the City Council a proposed operating budget for the fiscal
year commencing the following July 1. The operating budget includes proposed expenditures and the
means of financing them.
2. The public is given an opportunity to comment on the budget at a noticed City Council meeting.
3. Prior to July 1, the budget is legally enacted through passage of a resolution.
The City Manager is authorized to transfer budgeted mounts between line items within any department.
Any revisions, which alter total departmental expenditures of the City must be approved by City Council
except as follows: The City Manager will be allowed to transfer funds from the contingent reserve to
operating department's salary related and health and welfare accounts when required due to employee
mover or change in status, City Council approved funding for increases in employees salaries and
benefits, and City Council approved funding for increases in contract or labor rates. Expenditures may
not exceed budgeted appropriations at the departmental level without City Council approval.
5. Formal budgetary integration is employed as a management control device during the year for the general
fund, special revenue funds and capital projects funds.
Budgets for the general, special revenue and capital projects funds are adopted on a basis consistent with
accounting principles generally accepted in the United States of America. Special revenue funds without
budgets were the FEMA Fund and Storm Water Runoff Fund.
7. All unexpended appropriations lapse at the end of the fiscal year.
8. Budgeted amounts presented in the financial statements are as originally adopted, or as amended by the
City Council. Individual amendments were not material in relation to original appropriations.
H. Cash Flows
Proprietary fund type cash and investments are used in the preparation of the statement of cash flows as
investments are not allocated to specific funds. Each of these funds' allocation of pooled cash and
investments is considered cash and cash equivalents.
-- 14
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #2 - SUMMARY OF SIGNIFIC.4NT.4 CCO UNTING POLICIES (Continued)
I. Deferred Compensation Plan
City employees may defer a portion of their compensation under a City sponsored deferred compensation
plan created in accordance with Internal Revenue Code Section 457. Under this plan, participants are not
taxed on the deferred portion of their compensation until it is distributed to them; distributions may be made
only at termination of employment, retirement, death, or in an emergency as defined by the Plan. In
accordance with GASB 32, thc City revised the plan to no longer make the funds available to the City's
general creditors and accordingly, the City does not report the assets in thc financial statements.
J. Property Tax
Alameda County assesses properties and bills, collects, and distributes property taxes to the City. The
County remits the entire amount paid and handles all delinquencies. The City receives proportionate shares
of prior year collections including retaining interest and penalties. Secured and unsecured property taxes are
levied on January 1 of the preceding fiscal year.
Secured property tax is due in two installments, on November 1 and March 1, and becomes a lien on those
dates. It becomes delinquent on December 10 and April 10, respectively. Unsecured property tax is due on
July 1, and becomes delinquent on August 31.
The term 'unsecured' refers to taxes on personal property other than real estate, land and buildings. These
taxes are secured by liens on the property being taxed. Property tax revenues are recognized by the City in
the fiscal year they are assessed provided they become available within 60 days of year-end.
K. Accurnulated Unpaid General Leave
The City accounts for 100 percent of the liability for accumulated unpaid general leave in the General Fund
since the City's policy is to liquidate any unpaid general leave from currently available expendable resources
rather than future resources. The City offers its employees general leave benefits, which are composed of
time off for illnesses and vacations. Employees receive benefits in the form of time off or in cash if
employment with the City ceases.
L. Post EmploYment Health Care Benefits
The City provides certain health care benefits for six retirees as required under a contract signed with PERS.
All former employees who retire with the City under PERS are eligible for these benefits. The cost of retiree
health care benefits is recognized as an expenditure as premiums are paid. For the year ended June 30, 2001
those costs totaled $73,482.
15
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NO TE #2 - SUMMARY OF SIGNIFICANT ACCO UNTING POLICIES (Continued)
M. Deferred Revenue
Deferred revenues are recorded to the extent that cash is received but the measurable and availability revenue
recognition criteria is not met.
N. Escrow Deposit
Escrow deposit is an amount deposited with the State of California condemnation deposit fund to acquire
land for street right of way.
O. New Accounting Pronouncements
Governmental Accounting Standards Board (GASB) Statement No. 33
The City of Dublin has implemented Governmental Accounting Standards Board (GASB) Statement No. 33,
"Accounting and Financial Reporting for Nonexchange Transactions". The requirements of this Statement
are effective for financial statements for periods beginning after June 15, 2000. The Statement establishes
accounting and fmancial reporting standards to guide state and local governments' decisions about when to
report the results of nonexchange transactions involving cash and other financial capital resources.
The Statement identifies four classes ofnonexchange transactions, these are: (a) derived tax revenues (for
example income taxes, sales taxes, and other assessments on earning or consumption), (b) imposed
nonexchange revenues (for example property taxes and fines), (c) government-mandates nonexchange
transactions (for example federal programs that state or local governments are mandated to perform), and (d)
voluntary nonexchange transactions (for example certain grants and private donations).
The implementation had an immaterial effect on the financial statements of the City.
Governmental Accounting Standards Board (GASB) Statement No. 34
The Governmental Accounting Standards Board has issued Statement No. 34, "Basic Financial Statements -
and Management's Discussion and Analysis - for State and Local Governments". This Statement establishes
a new financial reporting model for state and local governments. This new model requires that at a minimum
the basic fmancial statements of a government include: (1) Management's discussion and analysis (MD&A)
as a component of required supplementary information (RSI), (2) both government-wide financial statements
and fund financial statements, (3) notes to the financial statements, and (4) RSI other than MD&A.
The implementation of the Statement is mandated in three phases based upon a government's total annual
revenues of its governmental and enterprise funds in the fiscal years ending after June 15, 1999.
Phase 1 govermnents, those with annual revenues of $100 million or greater will be required to implement
for periods beginning after June 15, 2001.
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #2 - SUMMARY OF SIGNIFICANT A CCOUNTING POLICIES (Continued)
Phase 2 governments, those with annual revenues of $10 million or more but less than $100 million will
be required to implement for periods beginning after June 15, 2002.
Phase 3 governments, those with annual revenues of less than $10 million will be required to implement
for periods beginning after June 15, 2003.
The Statement also requires that governments capitalize all infrastructure assets, and also include all debt of
the government in the Statement of Net Assets. (Although the implementation of the infrastructure assets can
be deferred until future years depending on the implementation Phase as noted above).
This will be a complete change in the presentation of government financial statements. The City of Dublin
has already begun to develop plans and implement policies to prepare for the implementation of the new
reporting model defined within GASB Statements No. 34.
P. Total Columns on Combined Financial Statements
Although each of the City's funds is a separate accounting entity, the Combined Financial Statements also
include total columns, which are captioned Memorandum Only to indicate that they are presented only to
facilitate financial analysis. Data in these columns do not present financial position, results of operations, or
changes in cash flow in conformity with accounting principles generally accepted in the United States of
America. Neither is such data comparable to a consolidation, since no interfund eliminations have been
made in the aggregation of this data.
NOTE #3 - CASH AND INVESTMENTS
The City pools cash from all sources and all funds except that held by fiscal agents under debt indentures so that
it can be safely invested at maximum yields, consistent with safety and liquidity, while individual funds can make
expenditures at any time.
Cash and Investment Summary
Cash $ (2,342,511)
Investments 76,316,142
Total
$ 73,973,631
17
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #3 - CASH AND INVESTMENTS (Continued)
A. Cash Deposits and Collateral
Categorized
Cash in banks
Certificates of deposit
BANK BALANCE
CATEGORY CARRYING
1 2 3 TOTAL AMOUNT
$102,070 $ 602,975 $ 705,045 $ (2,442,811)
99,000 99,000 99,000
$201,070 $ $ 602,975 $ 804,045 (2,343,811)
Total Deposits
Uncategorized:
Petty cash
1,300
$ (2,342,511)
Total Cash
California law requires banks and savings and loan institutions to pledge government securities with a market
value of 110 percent of the deposit or first trust deed mortgage notes with a value of 150 percent of the
deposit, as collateral for all municipal deposits. This collateral places the City ahead of general creditors of
the institution. The City has waived collateral requirements for the portion of deposits covered by federal
deposit insurance.
These categories are as follows:
Category 1: Cash on hand or insured by the Federal Deposit Insurance Corporation or collateralized with
securities held by the City or by its agent in the City's name.
Category 2: Collateralized with securities held by the pledging financial institution's trust department or
agent in the City's name.
Category 3:
Uncollateralized - (This includes any bank balance that is collateralized with securities held
by the pledging financial institution or by its trust department or agent but not in the City's
name).
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #3 - CASH AND INVESTMENTS (Continued)
B. Categorization of Credit Risk of Securities Instruments
The Governmental Accounting Standards Board (GASB) has issued Statement No. 31, "Accounting and
Financial Reporting for Certain Investments and for External Investment Pools," effective for periods
beginning after June 15, 1997. The statement generally applies to investments in external investment pools
(State of California LAIF & county treasury investment pools), investments purchased with maturities greater
than one year, mutual funds, and certain investment agreements. Generally, governmental entities need to
report the "fair value" changes for these investments at year-end and records these gains or losses on their
income statement.
Methods and assumptions used to estimate fair value: The City maintains investment accounting records
on amortized cost and adjusts those records to 'fair value' on an annual basis. The City's investment
custodian provides market values on each investment instrument on a monthly basis. The investments held
by the City arc widely traded in the financial markets and trading values arc readily available from numerous
published sources. Unrealized gains and losses are recorded on an annual basis and the carrying value of its
investments is considered 'fair value'.
State of California State Treasurer's Local Agency Investment Fund ('LAIF'): The City holds an
investment in LAIF that is subject to being adjusted to "fair value". The City is required to disclose its
methods and assumptions used to estimate the fair value of its holdings in LAIF. The City relied upon
information provided by the State Treasurer in estimating the City's fair value position of its holdings in
LAW. The City had a contractual withdrawal value of $29,077,949 whose pro-rata share of fair value was
estimated by thc State Treasurer to be $29,143,012. Thc fair value change in this investment for the year
came to an amount that was not material for presentation in the financial statements.
The State Treasurer's Local Agency Investment Fund ("LAIF") is a governmental investment pool managed
and directed by the California State Treasurer and is not registered with the Securities and Exchange
Commission. An oversight committee, comprised of California State officials and various participants,
provide oversight to the management of the fund. The daily operations and responsibilities of LAIF fall under
the auspices of the State Treasurer's office. The City is a voluntary participant in the investment pool.
19
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #3 - CASH AND INVESTMENTS (Continued)
Investments:
Categorized
U.S. Government Agency Securities
Total Categorized Investments
CATEGORY REPORTED FAIR
1 2 3 AMOUNT VALUE
$ 21,266,560 $ 21,266,560 $ 21,266,560
$ 21,266,560 $ $ 21,266,560 21,266,560
Uncategorized:
Local Agency Investment Fund (LAW) (1) (2)
Morgan Stanley/Dean Witter U.S. Government Securities Mutual Fund (2)
Nations Bank Government Reserves Capital Fund (2)
Money Market Fund (2)
29,077,949 29,143,012
1,594,497 '1,594,497
13,156,000 13,156,000
11,221,136 11,221,136
Total Uncategorized Investments
55,049,582 55,114,645
$ 76,316,142 $ 76,381,205
Grand Total Investments
As of June 30, 2001, all investments held by the City are carried at fair value.
(1)
The management of the State of California Pooled Money Investment Account (generally referred to as
LAIF) has indicated to the City that as of June 30, 2001, the amortized cost of the pool was
$54,496,268,373 and the fair value for the pool was $55,175,428,123. Included m LAIF's investment
portfolio are certain derivative securities or similar products in the form of smactured notes, totaling
$1,517,548,000 and asset-backed securities, totaling $937,996,000. LAIF's (and the City's) exposure to
risk (credit, market or legal) is not currently available.
(2) Pooled Investments - Pooled investments are not categorized because of their pooled, rather than
individual, nature.
The City categorizes its individual securities instruments in ascending order to reflect the relative risk of loss
of these instruments. This risk is called Credit Risk, the lower the number, the lower the risk. The three
levels of risk prescribed by accounting principles generally accepted in the United States of America are
described below:
Category 1: Insured or registered for which securities are held by the City or its agent in the City's namel
Category 2: Uninsured and unregistered for which securities are held by the counterparty's trust
department or agent in the City's name.
Category 3: Uninsured and unregistered for which securities are held by the counterparty's mast or its mast
department or agent but not in the City's name.
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #3 - CASH /IND INVESTMENTS (Continued)
C. Authorized lnvestments
The City's investment policy and the California Government Code allow the City to invest in the following
types of investments, subject to certain limitations as described in the City's investment policy:
Securities of the U.S. Government, or its agencies
Certificates of Deposit
Bankers Acceptances
Local Agency Investment Fund (State Pool) Deposits
Repurchase Agreements
Commercial Paper
Mutual Funds
D. Market Risk and Investment Maturities
The City limits market risk by limiting the types and maturities of its investments and by not borrowing
against its investments. Investment yield is ranked after safety and liquidity in making investment decisions.
All investments are held to maturity and maturities are matched to the City's projected cash flow needs.
Investments matured as follows at June 30:
2001
Available immediately
Maturities of less than one year
Maturities o£ one to five years
55,049,582
12,111,240
9,155,320
Total $ 76,316,142
E. Return on Investments
The City's return on investments comprises only interest income; there were no gains or losses on sales of
securities since all were held to maturity. This income is allocated among funds on the basis of their average
month-end cash and investment balances.
21
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE g4- INTERFUND TRANSACTIONS
A. Interfund Balances
During the normal course of business, individual funds may receive or pay amounts for other funds, giving
rise to interfund receivables or payables, which are liquidated shortly after year-end. These interfund
balances comprised the following at June 30, 2001:
Special Revenue Funds:
Community Development Block Grant
Intermodal Surface Transportation Efficiency Act
Transportation Development Act
State Transportation Improvement
Garbage Service
13,518
268,170
18,927
202,994
47,246
Total $ 550,855
The amounts owed represent General Fund advances for expenditures chargeable to these funds, and will be
repaid in the normal course of business in fiscal year 2002.
B. Operating Transfers
With Council approval, resources may be transferred from one City fund to another. The purpose of the
majority of transfers, called operating transfers, is to reimburse a fund, which has made an expenditure on
behalf of another fund. Less often, a residual equity transfer may be made to open or close a fund. Operating
transfers between individual funds during the fiscal year ended June 30, 2001, are presented below. The
transfer from the General Fund to Retiree Health Care - Internal Service Fund represents additional funding
for future retirees health cost.
Fund Making Transfer
Fund Receiving Transfer
AIIlount
General Fund
Vehicle Abatement
Community Development Block Grant
FEMA
Measure D Recycling
Storm Water Runoff
Traffic Impact Fees
Retiree Health Care-Internal Service $ 2,400,000
General Fund 7,094
General Fund 6,600
General Fund 781
General Fund 500
General Fund 87
General Fund 1,140
Total
$ 2,416,202
22
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #5- FIXED ASSETS
The City makes capital outlays for general fixed assets and for infras~cture. General fixed assets include land,
buildings and equipment used in City operations. Depreciation is not provided on general fixed assets since the
cost of these assets is accounted for as an expenditure, reducing fund balance in the year they are acquired.
Infrastructure includes roads, bridges, curbs, sidewalks, drainage systems, street and traffic lights and Other
improvements used by all citizens. Expenditures for infrastructure are not capitalized.
Fixed assets balances and activity were as follows:
Balance Balance
July 1, 2000 Additions Disposals June 30, 2001
General Fixed Assets
Land $ 2,278,965 $ 654,000 $ 2,932,965
Equipment 414,299 49,172 463,471
Buildings and improvements 5,932,758 261,128 6,193,886
Total $ 8,626,022 $ 964,300 $ - $ 9,590,322
Internal Service Fund
Land $ 6,842,037
Buildings and improvements 16,979,629 $ 196,338
Machinery and equipment 3,355,138 532,962 $ 197,106
Construction in process 1,156,188
Total 27,176,804 1,885,488 197,106
Less accumulated depreciation (6,071,038) (841,988) 197,106
Net Internal Service Fund $ 21,105,766 $ 1,043,500 $ 394,212
$ 6,842,037
17,175,967
3,690,994
1,156,188
28,865,186
(6,715,920)
$ 22,149,266
The total construction in process of $1,152,173 was for the Civic Center Library. The total approved contract for
the library is for $11,852,182.
23
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #6-LONG TERM OBLIG,4TIONS
The City generally incurs long-term debt to finance projects or purchase assets, which will have useful lives
equal to or greater than the related debt. The City's debt issues and transactions are summarized below and.
discussed in detail subsequently.
.4. General Long-Term Debt Account Group
Bart Long Term Advance
City of Pleasanton
Alameda County Surplus
Property Authority
Dublin Unified School District
Total
Balance Balance
July 1, 2000 Additions Retirements June 30, 2001
$ 1,731,507 $ 95,079 $ 1,826,586
2,995,719 155,251 $ (50,000) 3,100,970
1,976,328 86,613 2,062,941
502,008 (251,004) 251,004
$ 7,205,562 $ 336,943 $ (301,004) $ 7,241,501
BART A~reement
In 1990, the City and Bay Area Rapid Transit District (BART) entered into a Settlement Agreement
regarding the City's extension of Dublin Boulevard to the extension of Hacienda Drive. BART advanced the
City $2,285,000 to purchase land and construct the road extensions. The advance was structured with two
components; a Short Term and a Long Term Advance. These projects are now complete.
Short Term Advance:
The amount provided as a "Short-Term Advance" came due on December 31, 1995. In accordance with a
separate agreement, the amount was repaid by the Alameda County Surplus Property Authority. See the
related note on the Alameda County Surplus Property Authority long-term debt below.
Long Term Advance:
BART's long term advance to the City, including accrued interest as of June 30, 2001 is $1,826,586, which
has no specific due date. Under the City's Agreement with BART, interest on the advance accrues at a rate
based on BART's average rate of return on its investments. During the year ended June 30, 2001 unpaid
interest incurred was added to the balance owed in the amount of $95,079. The City expects to repay
principal and interest on BART's advance out of developer fees, charges and other non-tax revenues
generated by future development in the area of the BART station. The agreement states that in no event is
the advance to be repaid from the City's General fund or from general revenues. The Agreement provides for
the forgiveness by BART of any principal or interest still outstanding on March 27, 2010.
24
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #6- LONG TERM OBLIGATIONS (Continued)
City of Pleasanton
The City has entered into an agreement with the City of Pleasanton for the reimbursement of the cost of
construction ora two-lane access road and the extension of Hacienda Drive. The advance as of
June 30, 2001, is $3,100,970, which includes $155,251 interest for the current year. Interest accrues on the
reimbursement at 7.48 percent per year. The reimbursement is to be repaid from proceeds of assessments,
special taxes or fees imposed on the property east of Dougherty Road with no specific due date. The City's
General Fund shall not be obligated to repay this obligation.
Alameda County Surplus Property AuthoriW
The City entered into an agreement with Alameda County Surplus Property Authority for the repayment of
the City's Short Term BART Advance by the Authority. Under the terms of the agreement with the
Authority, interest on the advance shall accrue at a rate based on the Alameda County Treasurers remm on
investments. As of June 30, 2001, the advance including accrued interest is $2,062,941. The advance is to
be repaid from developer fees, charges, and other non-tax revenues from the benefiting area and has no
specific due date. The City's General Fund shall not be obligated to repay this obligation.
The City has recorded the BART, Alameda County Surplus Authority and the City of Pleasanton advances as
general long-term debt at June 30, 200t, because, despite the Agreements' forgiveness clauses, the City is
confident there will be sufficient City revenues generated from traffic impact fees levied on new
development in the Eastern Dublin Specific Plan Area to repay these advances.
Dublin Unified School District
The City has entered into an agreement with the Dublin Unified School District to provide constmction and
annual funding assistance with the maintenance costs of a gymnasium. The City will reimburse the District
for part of the cost of the construction of the gym in the amount of $1,004,016 in four equal annual payments
beginning in Fiscal Year 1998-99. During the year ended June 30, 2001, the third payment of $251,004 was
made. The reimbursement was repaid out of the General Fund. The remaining balance at June 30, 2001, is
$251,004.
25
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #6 - LONG TERM OBLIGATIONS (Continued)
B. Combining Maturit~ Schedule - (General Long-Term Debt Account Group and Enterprise Debt):
Annual debt service requirements for long-term debt are as follows:
Alameda County
For the Year City of BART Surplus Dublin Unified
Ending June 30, Pleasanton Agreement Property School District Total
2002 $ - $ $ $ 251,004 $ 251,004
2003
2004
2005
2006 -
ThereaRer 3,100,970 1,826,586 2,062,941 6,990,497
$3,100,970 $1,826,586 $ 2,062,941 $ 251,004 $7,241,501
C. Special Assessment District Debt
The Dublin Boulevard Extension Special Assessment District, formed within City limits, had outstanding
debt with a balance of $1,770,000 at June 30, 2001. Proceeds of the debt were used to finance improvements
within District boundaries. The City has no legal, contingent or moral obligation for the repayment of this
debt and acts solely as the collecting and paying agent for the District and activities of the District are
reported in the Dublin Boulevard Extension Assessment District Agency Fund.
NOTE #7- FUND BALANCES
Reserves and Designations
Fund equity consists of reserved and unreserved amounts. Reserved fund equity represents that portion ora fund
balance or retained earnings, which has been appropriated for expenditure or is legally segregated for a specific
future use. The remaining portion is unreserved.
A portion of unreserved fund balance may be designated to indicate plans for financial resource use in a future
period, such as for general contingencies or capital projects.
Fund balances are reserved as follows:
· Reserve for prepaids is the portion of fund balance set aside to indicate that these items do not represent
available, spendable resources even though they are a component of assets.
-- 26
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #7- FUND BALANCES (Continued)
Reserve for Recycling Programs is the portion of the fund balances set aside for revenue received from the
Alameda County Waste Management Authority to be used solely for recycling.
Fund balances designated by City Council are as follows:
Designated for cemetery endowment is the portion of fund balance to be retained. This represents funds
transferred by the Dublin Cemetery Association, when the City acquired the cemetery.
Designated for economic uncertainty is the portion of fund balance to be used in the event of economic
uncertainty. Designated for authorized expenditures is the portion of fund balance to be used for
expenditures approved by Council.
Designated for senior center, library, downtown improvements and open space, senior center van, and
Emerald Glen fire station are the portions of fund balance to be used to partially fund these projects in future
years.
NOTE #8 - JOINT POWERS AGREEMENTS
The City participates in joint ventures with other municipal entities through Joint Powers Agreements (JPAs)
established under the Joint Exercise of Powers Act of the State of California.
Joint Ventures
The Cities of Dublin, Pleasanton, and Livermore and the County of Alameda have entered a joint powers
agreement, dated September 15, 1992, under which Alameda County constructed an animal shelter facility on
county property. Certificates of Participation were issued to construct the facility. Under the agreement the
entities will share in the debt service costs of the project based upon their use of the animal shelter. The original
total principal portion of the scheduled debt is $4,523,877. Dublin's share for the 2000-2001 fiscal year, based
upon the statistics of live animals handled in the shelter in calendar year 1999, was $39,426 representing 12.428
percent of the debt service requirements. In addition, $97,477 was paid for the City's share of operating
expenses.
The City has not recorded an equity interest for the animal shelter agreement. As noted aboge the ongoing
financial interest is limited to the statistics of live animals handled in the appropriate fiscal year. No Joint
Powers Authority was established as part of this agreement, therefore, separate financial statements are not
issued.
27
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #9 - RISK MANAGEMENT
A. Risk Pool
The City participates in the ABAG PLAN Corporation, which covers general liability claims in an amount up
to $7,000,000 and property insurance coverage for members up to $772,224,059. The City has a deductible
or uninsured liability for general liability of up to $50,000 per claim. The deductible for property claims is
$5,000 per occurrence, excluding auto claims, which have a $10,000 deductible. Once the City's deductible is
met ABAG PLAN becomes responsible for payment of all claims up to the limit. During the fiscal year
ended June 30, 2001, the City contributed $96,351 for current year coverage and received a refund of
$38,489 of prior years excess contributions.
ABAG PLAN is governed by a board consisting of representatives from member municipalities. The board
controls the operations of ABAG PLAN including selection of management and approval of operating
budgets, independent of any influence by member municipalities beyond their representation on the Board.
The City's contributions to ABAG PLAN for liability coverage is based on a formula which considers the
ratio of the City's payroll to the total payrolls of all entities participating in the same layer of each program, in
each program year's loss history and population. Actual surpluses or losses are shared according to a
formula developed from overall loss costs and spread to member entities on a percentage basis after a
retrospective rating.
There have been no significant reductions in any of the City's areas of insurance coverage and no settlement
amounts have exceeded coverage.
Audited financial information for ABAG PLAN can be obtained from ABAG PLAN, P.O. Box 2050,
Oakland, CA 94604-2050.
B. Liability for Uninsured Claims-Adoption of GASB 10
The Governmental Accounting Standards Board (GASB) requires municipalities to record their liability for
uninsured claims and to reflect the current portion of this liability as an expenditure in their financial
statements. As discussed, above, the City has coverage for such claims, but it has retained the risk for the
deductible, or uninsured portion of these claims in the ABAG PLAN. GASB Statement 10, "Financial
Reporting for Risk Financing and Related Insurance Issues" require that this amount be separately identified
and recorded as a hability.
-- 28
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #9- RISK MANAGEMENT (Continued)
The City's liability for uninsured claims, limited to general liability claims as discussed above, includes a
provision for IBNR losses. This amount was estimated based on claims experience. Since incorporation in
1982, the City has never had a loss which exceeded the amount of insurance coverage. The claim liability for
the current and prior years are as follows:
Beginning balance
Provision for claims
Claims paid
Ending balance
June 30, 2001 June 30, 2000
$ 137,210 $ 137,210
47,664 26,153
(47,664) (26,153)
$ 137,210 $ 137,210
The City has obtained a workers' compensation insurance policy from the State Compensation Insurance
Fund, which has no deductible.
NOTE #10 - PENSION PLAN
A. PERS
Plan Description. The City of Dublin's defined benefit pension plan, (Miscellaneous Plan), provides
retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and
beneficiaries. The Miscellaneous Plan is part of the Public Agency portion of the California Public
Employees Retirement System (CalPERS), an agent multiple-employer plan administered by CalPERS,
which acts as a common investment and administrative agent for participating public employers within the
State of Califomia. A menu of benefit provisions as well as other requirements are established by State
statutes within the Public Employees' Retirement Law. The City of Dublin selects optional benefit
provisions from the benefit menu by contract with CalPERS and adopts those benefits through local
ordinance or resolution. CalPERS issues a separate comprehensive annual financial report. Copies of the
CalPERS's annual financial report may be obtained from the CalPERS Executive Office -400 P Street -
Sacramento, California, 95814.
Funding Policy. Active plan members in the Miscellaneous Plan are required to contribute 7 percent of their
annual covered salary of which the City pays on behalf of the employees. The City of Dublin is required to
contribute the actuarially determined remaining amounts necessary to fund the benefits for its members. The
actuarial methods and assumptions used are those adopted by the CalPERS Board of Administration. The
required employer contribution rate for Fiscal Year 2000-2001 was 4.369 percent for miscellaneous
employees. (Dublin has only miscellaneous employees.) The contribution requirements of the plan members
are established by State statute and the employer contribution rate is established and may be amended by
CalPERS.
29
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #10 - PENSION PLAN (Continued)
Annual Pension Cost. For Fiscal Year 2000-2001, the City of Dublin's annual pension cost was $419,314
and was equal to the City's required and actual contributions. The required contribution for Fiscal Year
2000-2001 was determined as part of the June 30, 1999, actuarial valuation (the most recent year available)
using the entry age normal actuarial cost method with the contributions determined as a percent of pay. The
actuarial assumptions included (a) 8.5 percent investment rate of return (net of administrative expenses); (b)
projected salary increases that vary by duration of service ranging from 4.5 percent to 14.95 percent for
miscellaneous members; and (c) zero percent cost-of-living adjustment. Both (a) and (b) include an inflation
component of 4.5 percent. The actuarial value of Miscellaneous Plan's assets was determined using a
technique that smoothes the effect of short-term volatility in the market value of investments over a two to
five year period depending on the size of investment gains and/or losses. Miscellaneous Plan's unfunded
actuarial accrued liability (or excess assets) is being amortized as a level percentage of projected payroll on a
closed basis. The remaining amortization period ends June 30, 2011.
Three-year Trend Information for the Miscellaneous Plan
Annual Percentage
Fiscal Year pension Cost of APC Net Pension
Ending (A_PC) Contributed Obligation
6/30/99 $ 272,816 100% $ 0
6/30/00 $ 267,564 100% $ 0
6/30/01 $ 419,314 100% $ 0
Funded Status of the Miscellaneous Plan
Actuarial Entry Age Unfunded Annual
Valuation Value of Normal Accrued (Overfunded) Funded Covered UAAL as a
Date Assets Liability Liability Ratio Payroll % of Payroll
6/30/97 $2,808,416 $ 3,545,415 $ (736,999) 126.2% $2,107,245 (34.975)%
6/30/98 $3,305,559 $ 4,557,898 $ (1,252,339) 137.9% $ 2,~/.~.,573 (51.229)%
6/30/99 $4,435,948 $ 5,683,503 $ (1,247,555) 128.1% $2,555,919 (48.810)%
B. Social Security
The Omnibus Budget Reconciliation Act of 1990 (OBRA) mandates that public sector employees who are
not members of their employer's existing retirement system as of January 1, 1992 be covered by either Social
Security or an alternative plan. The City's part-time, seasonal and temporary employees are covered under
Social Security, which requires these employees and the City to each contribute 6.2 percent of the
employees' pay.
30
CITY OF DUBLIN
NOTES TO GENERAL PURPOSE FINANCIAL STATEMENTS
JUNE 30, 2001
NOTE #11 - COMMITMENT AND CONTINGENT LIABILITIES
Grant Programs
The City participates in several Federal and State grant programs. No cost disallowances were proposed as a
result of the City's financial audit; however, these programs are still subject to further examination by the
grantors and the amount, if any, of expenditures, which may be disallowed by the granting agencies cannot be
determined at this time. The City expects such amounts, if any, to be immaterial.
B. Litigation
The City is subject to litigation arising in the normal course of business. In the opinion of the City Attorney
there is no pending litigation, which is likely to have a material adverse effect on the financial position of the
City.
Reimbursement to City of Pleasanton for Freeway Interchange Work
On January 23, 1996, the City of Dublin adopted a fee for the purpose of reimbursing the City of Pleasanton
for the costs of making improvements to the interchanges on Interstate 580 at Hacienda Drive and Tassajara
Road/Santa R/ta Road that benefit development in both Pleasanton and future development in Eastern
Dublin. This reimbursement w/Il occur through the assessment of fees on future development projects in the
City of Dublin. The Cities entered into an agreement on November 3, 1998, to allow for an automatic annual
escalator factor in the amount of the fee assessed to developers based upon the LAIF interest rate and to
repay the City of Pleasanton. The amount of the contingent liability outstanding at June 30, 2001, was
$6,002,490, which is net of the $474,151 in payments made by the City of Dublin to reduce this contingent
liability during the year. The accounting for the amount due is not recorded as indebtedness since future
payments are contingent upon the future collection of development fees assessed for reimbursement of these
improvements.
Other Development Agreements
The City of Dublin entered into several agreements with various developers and merchant builders who are
developing numerous residential and commercial projects throughout the City. The City agreed to grant the
developers impact fee credits since the developers constructed certain improvements beyond what was
needed to serve their specific projects. The value of credits do not increase for inflation nor do they accrue
interest. Any unused credits may be used by the developers on other projects located elsewhere in the City.
The value of the credits as of June 30, 2001, was $28,444,508 after a total of $6,915,100 was used as credits
during fiscal year 2000-2001. The accounting for the amounts due are not recorded as indebtedness since the
payments (use of the credits) are contingent upon the collection of development fees from building growth
that has not yet occurred.
31
COMBINING FUND STATEMENTS AND SCHEDULES
This page left blank intentionally.
CITY OF DUBLIN
GENERAL FUND
The General Fund is used to account for all financial resources except those required to be accounted for in
another fund.
32
CITY OF DUBLIN
COMPARATIVE BALANCE SI:IEETS
GENERAL FUND
JUNE 30, 2001
(With Comparative Totals for June 30, 2000)
ASSET
Cash and investments
Receivable:
Accounts
Accrued interest
Due fi-om other funds
Prepaids
Toml Asses
LIABILITIES
Accounts payable
Accrued wages
Accumulated unpaid general leave
Deposits payable
Liability insurance claims payable
Deferred revenues
Due to other governments
Total Liabilities
FUND BALANCE
Reserved for:
Prepaids
Unreserved
Designated for:
Cemetery endowment
Economic uncertainty
Downtown improvements/Open space
Library
Senior center
Fire
Senior center van
Authorized expenditures
Total Fund Balance
Total Liabilities and Fund Balance
33
2001
$ 37,115,672
2,621,747
744,407
550,855
5,175
$ 41,037,856
4,463,418
197,143
323,537
927,256
137,210
147,203
52,266
6,248,033
5,175
60,000
1,369,133
1,589,596
4,169,097
2,135,910
2,552,324
50,000
22,858,588
34,789,823
$ 41,037,856
200O
$ 27,616,819
1,555,154
841,359
60,543
13,144
$ 30,087,019
3,272,729
158,520
262,319
1,017,683
137,210
149,497
177,077
5,175,035
13,144
60,000
1,369,133
400,000
1,783,857
266,098
21,019,752
24,911,984
$ 30,087,019
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CE[ANGES IN FUND BALANCES - BUDGET AND ACTUAL
GENERAL FUND
FOR TEIE FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Actuals for the Fiscal Year Ended June 30, 2000)
2001
Budget Actual
REVENUES
Property taxes $ 6,168,350 $ 7,174,290
Taxes other than property 13,515,840 15,885,153
Licenses and permits 3,124,088 3,028,655
Intergovernmental 1,813,500 2,006,116
Charges for services 3,542,918 3,719,568
Interest 1,411,205 2,512,223
Use of property 102,054 114,614
Fines and forfeitures 68,755 106,234
Other revenue 2,935,854 2,716~621
Total Revenues 32~682,564 37,263~474
Variance
Favorable
(Unfavorable)
1,005,940
2,369,313
(95,433)
192,616
176,650
1,101,018
12,560
37,479
(219,233)
4,580,910
2000
Actual
5,991,816
13,691,605
3,897,965
1,632,441
3,308,263
1,254,906
85,831
84,543
726.525
30~673,895
EXPENDITURES
Current:
General government 3,314,765 3,085,725 229,040 2,274,914
Public safety 10,858,374 10,401,808 456,566 9,485,166
Highways and streets 967,545 959,762 7,783 827,141
Health and welfare 19,390 13,483 5,907 19,086
Culture and leisure 3,475,641 3,332,421 143,220 2,827,621
Community development 4,894,262 4,526,076 368,186 4,116,030
Capital outlay 4,896,739 2,431,558 2,465,181 2,115,204
Debt Service
Principal 251,004 251 004 251,004
Total Expenditures 28,677,720 25,001,837 3,675,883 21,916,166
REVENUES OVER (UNDER) EXPENDITURES
4,004,844 12,261 ~637 8,256,793 8,757,729
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out
Total Other Financing Sources (Uses)
16,202 16,202 17,869
(2,400,000) (2,400~000) (931,64 1 )
(2,400,000) (2,383,798) 16,202 (913,772)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
$ 1,604,844
9,877,839
24.911,984
$ 34,789,823
$ 8,272,995
7,843,957
17,068,027
$ 24,911,984
CITY OF DUBLIN
SCI-1F, DULE OF BUDGET VERSUS ACTUAL
REVENUES BY SOURCE
GENERAL FUND
FOR THE, FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Actuals for the Fiscal Year Ended 2000)
Budget
Property Taxes
Current Year Secured $ 5,144,000
Current Year Unsecured 500,000
Prior Year Secured 83,000
Prior Year Unsecured 13,000
Supplemental Property Tax 330,000
Pilot Tax 54,350
Property Tax Penalties 44,000
Sub-Total 6,168,350
Taxes Other Than Property
Sales & Use Tax 11,300,000
Real Property Transfer Tax 288,000
Hotel Transient Occupancy Tax 910,000
Franchise Taxes 1,017,840
Sub-Total 13,515,840
License and Permits
Building Permits 2,905,000
Animal Licenses 4,000
Encroachment Permits 69,000
Fire Permits 106,000
Business License 40,088
Sub-Total 3,124,088
Fines and Forfeitures
Parking Fines 36,000
Other Court Fines 30,000
Other Fines & Penalties 2,755
Sub-Total 68,755
Revenue From Use of Money and Property
Interest 1,411,205
Rents & Concession:
Field Rentals 22,100
Building 51,950
Pool 7,380
Heritage Center 6,975
Community Gym 13,649
Sub-Total 1,513,259
2001
Actual
Variance
Favorable
(Unfavorable)
2000
Actual
5,980,766 $ 836,766 $ 5,031,589
577,449 77,449 468,309
83,223 223 75,159
15,167 2,167 11,441
401,554 71,554 297,371
55,047 697 48,336
61,084 17,084 59,611
7,174,290
12,985,985
575,282
1,010,799
1,313,087
15,885,153
2,786,047
5,588
34,647
106,983
95,390
3,028,655
59,953
39,281
7,000
106,234
2,512,223
1,005,940
1,685,985
287,282
100,799
295,247
2,369,313
(118,953)
1,588
(34,353)
983
55,302
(95,433)
23,953
9,281
4,245
37A79
1,101,018
857
2,966
5,197
(2,934)
6,474
1,113,578
22,957
54,916
12,577
4,041
20,123
2,626,837
5,991,816
11,548,901
370,946
808,688
963,070
13,691,605
3,669,480
2,845
70,479
51,805
103,356
3,897,965
39,692
33,315
11,536
84,543
1,254,906
23,789
42,075
540
5,125
14,302
1,340,737
35
CITY OF DUBLIN
SCHEDULE OF BUDGET VERSUS ACTUAL
REVENUES BY SOURCE (Continued)
GENERAL FUND
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Actuals for the Fiscal Year Ended 2000)
Budget
2001
Actual
Intergovernmental Revenues - State
Motor Vehicle In-Lieu Tax 1,600,000 1,779,752
OffHighway Vehicle In-Lieu Fee 500 641
Homeowner's Property Tax Relief 104,000 116,166
Educational Revenue Augmentation Fund 109,000 109,557
Sub-Total 1,813,500 2,006,116
Intergovernmental Revenues-County
Tobacco Control Program
Sub-Total
Charges for Services
Zoning & Subdivision Fees 709,328 941,258
Plan Check & Inspection Fees 1,480,000 1,397,866
Fire Plan Chk & Insp Fees 87,800 183,356
Sale of Maps & Documents 14,380 17,680
Special Police Services 21,000 20,495
Fire Service Charges 322,950 327,465
Park and Recreation Fees:
Recreation Instruction 97,389 105,525
Preschool 54,407 58,696
Special Events 117,245 33,896
Playgrounds 141,540 126,810
Teens 39,580 42,194
Adult Sports 46,695 51,980
Aquatics 133,325 132,309
Seniors 32,936 27,560
Youth Sports 57,216 63,501
Heritage Center 100 504
Building Use Insurance 2,670 5,190
Zone 7 Drainage Fees 8,100 7,598
DUI Program 3,100 9,320
Booking Fees Recovery 82,700 62,954
Solid Waste Fee 81,890 94,126
Internment Fees 8,567 9,285
Annexation Services
Sub-Total 3,542,918 3,719,568
Other Revenues
Sale of Real & Personal Property 5,500 6,708
Contributions 2,147,175 1,995,213
Miscellaneous 47,400 48,633
Reimbursement 712,879 634,952
Reimbursement-Public Damage 22,900 31,115
Sub-Total 2,935,854 2,716,621
Total Revenues By Source $ 32,682,564 $ 37,263,474
Favorable
(Unfavorable)
2000
Actual
179,752 1,457,548
141 515
12,166 98,282
557 73,502
192,616 1,629,847
- 2,594
2,594
231,930 777,737
(82,134) 1,249,855
95~56 111~86
3,300 11399
(505) 21,813
4,515 294,666
8,136 86,199
4~89 53,638
(83,349) 93,687
(14,730) 123,733
2,614 30,179
5,285 43,161
(1,016) 89,629
(5,376) 23,902
6,285 48,945
404 63
2,520 3,762
(502) 5,874
6,220 2,275
(19,746) 64,638
12,236 79,941
718 5,460
86,121
176,650 3,308,263
1,208 409~06
(151,962) 74,690
1,233 65,354
(77,927) 173,850
8,215 3,225
(219,233) 726,525
$ 4,580,910 $ 30,673,895
36
CITY OF DUBLIN
SCFfEDULE OF BUDGET VERSUS ACTUAL
DEPARTMENTAL EXPENDITURES
GENERAL FUND
FOR T~ FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Actuals for the Fiscal Year Ended 2000)
2001
Budget
Actual
General government
City Council $ 178,205 $ 157,650
City Manager 451,461 451,461
Central Services 254,491 254,491
City Attorney 566,877 566,877
Administrative Services 889,601 755,670
Building management 561,348 561,348
Insurance cost center 273,268 273,268
Elections cost center 12,014 12,014
Nondepartmental 127,500 52,946
Variance
Favorable
(Unfavorable)
$ 20,555
133,931
74,554
229,040
Total General Governmental
3,314,765
3,085,725
2000
Actual
$ 144,215
368,092
202~89
301,447
606,030
482,597
169,062
904
78
2,274,914
Public safety
Police 6,125,924 5,842,598 283,326 5,106,217
Crossing guards 63,760 49,327 14,433 47,608
Animal control 177,595 136,903 40,692 107,720
Disaster preparedness 42,264 41,743 521 37,094
Fire Services 4,448,831 4,331,237 117,594 4,186,527
10,858,374 10,401,808 456,566 9,485,166
3,526
2,796
Total Public Safety
508,071 504,545
107,892 105,096
52,930 52,930
298,652 297,191
Highways and streets
Public works administration
Street maintenance and sweeping
Street tree maintenance
Street landscape maintenance
Total Highways and Streets
Health and welfare
Waste management
Child care
967,545 959,762
7,390 1,483
12,000 12,000
19,390 13,483
Total Health and Welfare
1,461
7,783
5,907
5,907
406,082
93,954
40,288
286,817
827,141
7,086
12,000
19,086
37
CITY OF DUBLIN
SCHEDULE OF BUDGET VERSUS ACTUAL
DEPARTMENTAL EXPENDITURES (Continued)
GENERAL FUND
FOR Tl~E FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Actuals for the Fiscal Year Ended 2000)
2001
Budget
Actual
Variance
Favorable
(Unfavorable)
2000
Actual
Culture and leisure
Library services 362,922 362,922 342,557
Cultural activities 55,408 48,979 6,429 53,367
Heritage Center 67,861 64,337 3,524 56,072
Cemetery operation s 35,169 35,169 30,226
Park maintenance 863,907 863,489 418 633,590
Community cable television 69,852 65,377 4,475 66,951
Parks and community services 1,924,207 1,796,440 127,767 1,559,123
Parks and facilities management 96,315 95,708 607 85,735
Total Culture and Leisure
3,475,641 3,332,421 143,220 2,827,621
Community development
Planning/Building safety
Engineering
Economic development
2,778,014 2,665,129 112,885 2,397,492
1,816,058 1,606,494 209,564 1,462,848
300,190 254,453 45,737 255,690
Total Community Development
4,894,262 4,526,076 368,186 4,116,030
Capital Outlay
General improvements
Community improvements
Parks
Street construction and improvements
618,855 439,988 178,867 1,297,741
3,398,939 1,379,215 2,019,724 234~73
172,965 113,855 59,110 471,638
705,980 498,500 207,480 111,552
Total Capital Outlay
Debt Service
Principal
Total Debt Service
Total Expenditures
4,896,739 2,431,558 2365,181 2,115,204
251,004 251,004 251,004
251,004 251,004 251,004
$ 28,677,720 $ 25,001,837 $ 3,675,883 $ 21,916,166
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CITY OF DUBLIN
SPECIAL REVENUE FUNDS
Special Criminal Activity Fund - Established to account for receipt of funds derived from asset forfeitures.
Vehicle Abatement Fund - Established to account for the use of funds received from vehicle registration of
Dublin residents for the towing of abandoned vehicles in city limits.
Supplemental Law Enforcement - Established to account for police expenditures funded by a State grant.
Federal Police Grant - Established to account for police expenditures funded by a Federal grant.
CLEEP Grant - Established to account for police technology expenditures funded by a State grant.
Traffic Safety Fund - Established to account for the receipt of traffic frees and traffic safety expenditures.
State Gas Tax Fund - Established to account for receipt of state gasoline taxes and expenditures.
OTS Grant - Established to account for police personnel expenditures funded by a Federal grant.
Community Development Block Grant Fund - Used to account for grants and expenditures related to the
community development block grants.
Intermodal Surface Transportation Efficiency Act - Established to account for street construction
expenditures funded by a Federal grant.
Transportation Development Act Fund - Established to account for Transportation Development Act grant
receipts and construction expenditures for bike paths and access ramps for the handicapped.
FEMA Fund - Established to account for expenditures funded with FEMA grants.
Sales Tax Measure B Fund - Established to account for an Alameda County voter approved increase in sales tax
used for improvements on streets and roads.
State Transportation Improvement - Established to account for grant receipts from the state used for capital
improvements on local streets.
Measure D Recycling Fund - Established to account for the use of funds received which are levied by the
County pursuant to a charter amendment and are provided for recycling and related activities.
Garbage Service Fund - Established to account for the use of funds received which are levied by the county for
garbage pick-up and removal and recycling services.
Storm Water Runoff Fund - Established to account for the use of funds received from fees collected to mitigate
pollution within the City without specific sources and to comply with Federal requirements for National Pollution
Discharge Elimination System (NPDES).
39
This page left blank intentionally.
CITY OF DUBLIN
SPECIAL REVENUE FUNDS
EMS Tax Fund - Established to account for excise taxes received to fund the costs of providing Emergency
Medical Services.
Traffic Congestion Relief - Established to account for traffic congestion relief expenditures funded by a State
grant.
Maintenance Districts - Established to account for revenue and related expenditures of lighting and landscape
activities.
40
CITY OF DUBLIN
COMBINING BALANCE SgIEET
SPECIAL REVENUE FUNDS
JUNE 30, 2001
(With Comparative Totals for June 30, 2000)
ASSET
Cash and investments
Receivable:
Accounts
Due from other governments
Total Assets
LIABILITIES
Accounts payable
Due to other funds
Total Liabilities
FUND BALANCE
Reserved for recycling programs
Unreserved
Designated for:
Authorized expenditures
Total Fund Balance
Total Liabilities and Fund Balance
Special
Criminal
Activity
Vehicle
Abatement
Supplemental Federal
Law Police CLEEP
Enforcement Grant Grant
$ 17,197 $ 86,421 $ 80,245 $ 6,265 $ 118,032
$ 17,197 $ 86,421
17,197 86,421
17,197 86,421
$ 17,197 $ 86,421
$ 80,245
16,257
16,257
63,988
63,988
$ 80,245
50,000
$ 56,265 $ 118,032
55,574
55,574
691 118,032
691 118,032
$ 56,265 $ 118,032
41
Traffic
Safety
State
Gas Tax
OTS
Grant
Community
Development
Block Grant
Intermodal Surface
Transportation
Efficiency Act
Transportation
Development
Act
FEMA
$ 114,227
21,965
$ 136,192
$ 1,737,301
$ 1,737,301
$ 38,860 $ 300,000
$ 32,988
$ $ 38,860 $ 300,000 $ 32,988 $
13,103
13,103
193,108
193,108
25,342 31,830 14,061
13,518 268,170 18,927
38,860 300,000 32,988
123,089
123,089
$ 136,192
1,544,193
1,544,193
$ 1,737,301
$ 38,860 $ 300,000 $ 32,988 $
(Continued)
42
CITY OF DUBLIN
COMBINING BALANCE SHEET (Continued)
SPECIAL REVENUE FUNDS
JUNE 30, 2001
(With Comparative Totals for June 30, 2000)
ASSET
Cash and investments
Receivable:
Accounts
Due from other governments
Total Assets
LIABILITIES
Accounts payable
Due to other funds
Total Liabilities
FUND BALANCE
Reserved for recycling programs
Unreserved
Designated for:
Authorized expenditures
Total Fund Balance
Total Liabilities and Fund Balance
Sales Tax
Measure
B
$ 330,685
State
Transportation
Improvement
$ 292,874
$ 330,685 $ 292,874
330,685
330,685
$ 330,685
89,880
202,994
Measure D
Recycling
$ 292,874
Garbage
Service
$ 186,037 $ 4,556
55~53
$ 186,037 $ 60,009
15,182
47,246
292,874 15,182 47,246
109,446
61,409 12,763
170,855 12,763
$ 186,037 $ 60,009
Storm
Water
Runoff
911
$ 911
911
911
$ 911
43
MAINTENANCE DISTRICTS
Traffic Dougherty Santa Rim Dublin Street TOTALS
Congestion Street Stagecoach Landscape Assessment Light
EMS Relief Lighting Landscape & Lighting District 97-1 Assessment 2001 2000
$ 49,659 $ 244,024 $ 197,671 $ 27,024 $ 45,307 $ 151,705 $ 27,126 $ 3,423,482 $ 2,562,058
29,539 15,158 6,794 7,499 10,922 1,046 864,009 687,843
667
$ 79,198 $ 244,024 $ 212,829 $ 33,818 $ 52,806 $ 162,627 $ 28,172 $ 4,287,491 $ 3,250,568
49,659 19,172 5,629 10,773 4,129
543,699 893,131
550,855 56,400
49,659 19,172 5,629 10,773 4,129 1,094,554 949,531
109,446 93,056
29,539 244,024 193,657 28,189 42,033 158,498 28,172 3,083,491 2,207,981
29,539 244,024 193,657 28,189 42,033 158,498 28,172 3,192,937 2,30 ! ,037
$ 79,198 $ 244,024 $ 212,829 $ 33,818 $ 52,806 $ 162,627 $ 28,172 $ 4,287,491 $ 3,250,568
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
SPECIAL REVENUE FUNDS
FOR TI-rE FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Totals for the Fiscal Year Ended June 30, 2000)
REVENUES
Taxes other than property
Intergovernmental
Charges for services
Interest $
Fines and forfeitures
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety Police
Emergency medical
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street landscaping maintenance
Street maintenance
Health and welfare
Waste management
Senior Support
Community development - Engineering
Capital outlay General
Community Improvement
Parks
Street Projects
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year $
Special Supplemental Federal
Criminal Vehicle Law Police CLEEP
Activi~ Abatement Enforcement Grant Grant
$ 17,446 $ 100,000
1,359 5,438 4,532
5,260
79,939 $ 111,235
906 6,797
6,619 22,884 104,532 80,845 118,032
9,466 4t,797 80,305
9A66 41,797
(2,847) 22,884 62,735
(7,094)
(7,094)
(2,847) 15,790 62,735
20,044 70,631 1~253
17,197 $ 86,421 $ 63,988
80,305
540 118z032
540 118,032
151
691 $ 118,032
45
Traffic State OTS
Safety Gas Tax Grant
5,891
136,129
Community
Development
Block Grant
$ 616,995 $ 32,201 $
109,207
Intennodal Surface
Transportation
Efficiency Act
74,133 $ 300,000
Transportation
Development
Act
$ 32,988 $ 114
142,020 726,202 32,201 74,133 300,000 32,988
114
86,239
1,551
32,201
348,602
4,999
17,419
36,535
111,601
50,114
86,239 503,288 32~01 67,533
55,781 222,914 6,600
300,000
(6,600)
(6,600)
300,000
$
32,988
32,988
114
(781)
(781)
55,781
67,308
$ 123,089
222,914
1,321,279
$ 1,544,193 $ $
(667)
$ 667
$
(Continued)
_ 46
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE (Continued)
SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Totals for the Fiscal Year Ended June 30, 2000)
Taxes other than property $ 218,443
Inrergovemmental
Charges for services
Interest 17,219
Fines and forfeitures
Other revenue
Special assessments
Total Revenues 235,662
EXPENDITURES
Current:
Public safety
Police
Emergency medical
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street landscaping ma/ntenanee
Street maimenanee
Health and welfare
Waste management
Senior Support
Community development - Engineering
Capital outlay
General
Community Improvement
Parks
Street Projects
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES 191,961
Fund Balance, Beginning of Year 138~724
Fund Balance, End of Year $ 330,685
Sales Tax State
Measure Transportation Measure D
B Improvement Recycling
Garbage
Service
$ 272,228 $ 163,906
$ 765,874
13,141 9,219
12,671
272,228 189,718 775,093
Storm
Water
Runoff EMS
$ 81,587
90,000
$ 998
453
998 ..... 172,040
188,300
331,406 777,091
43,701 272,228
43,701 272~228
191,961
331,406 777,091
(141,688) (1,998)
188,300
998 (16,260)
(soo) (87)
(soo) (87)
$ $
(142,188) (1,998) 911
313,043 14,761
170,855 $ 12,763 $ 911 $
(16,260)
45,799
29,539
47
MAINTENANCE DISTRICTS
Traffic Dougherty Santa Rita Dublin Street
Congestion Street Stagecoach Landscape Assessment Light
Relief Lighting Landscape & Lighting District 97-1 Assessment
231,789
12,235
12,210 $ 2,121
2,30O
159,619 55,101
244~024 174,129 57,222
3,929 $ ~766 $ 1,431
54~436 105.149 10,344
58,365 111.915 11,775
TOTALS
2001
300,030
2,122,974
766,872
212,854
136,129
20,231
384.649
3,943,739
2000
271,377
1,424,116
733,209
120,411
113,371
41,270
318,355
3,022,109
118,975
1,491
179
1,250
53,129
240
2,907
69,069
163,769 88,259
188,300 79,100
II0 206,875 240~58
437 406 2,753 3,612
18 4,175 4,219
8,453 130,651 131,202
348,602 533,581
1,108,497 866,219
17319 7,949
1,100 1,675 16,050 10,496
13,998
89,168 63,195
8,992
760,518 504,253
10,008 2,191 3,036,777 2,555,533
101,907 9,584 906,962 466.576
3,355 1,209 3,712
804 1,715
123,821 56,571
244,024 50,308 651
77,643
(19,278)
(15,o62)
(15,o62)
(17,869)
(17,869)
244,024 50,308 651 (19,278)
143,349 27,538 61,311
244,024 $ 193,657 $ 28.189 $ 42,033
101,907 9,584
56.591 18,588
158,498 $ 28.172
891~00 448,707
2,301,037 1,852,330
$ 3,192,937 $ 2,301,037
-- 48
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
SPECIAL REVENUE FUNDS
FOR Tgll~ FISCAL YEAR ENDED JUNE 30, 2001
REVENUES
Taxes other than property
Intergovernmental
Charges for services
Interest
Fines and forfeitures
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Police
Emergency medical
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street landscaping maintenance
Street maintenance
Health and welfare
Waste management
Senior Support
Community development - Engineering
Capital outlay
Community Improvement
Street Projects
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating uansfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCIN'G
SOURCES OVER EXPENDITUREs AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
Special
Criminal
Activit~
Budget Actual
Variance
Favorable
(Unfavorable)
Vehicle
Abatement
Budset
Actual
Variance
Favorable
(Unfavorable)
1,011 $ 1,359 $ 348
5,000 5,260 260
6,011 6,619 608
22,000
5,019
27,019
$ 17,446
5,438
22,884
(4,554)
419
(4,135)
13,510 9,466 4,044
13,510
, (7,499)
9,466 4,044
(2,847) 4,652 27,019
(15,750)
(15,75o)
22,884
(7,o94)
(7~o94)
(4,135)
8,656
8,656
$ (7,499)
(2,847)
20,044
$ 17,197
$ 4,652 $ 11,269
15,790
70,631
$ 86,421
4,521
49
Supplemental
Law
Enforcement
Budget Actual
Variance
Favorable
(Unfavorable)
Federal
Police
Grant
Budget Actual
Variance
Favorable
(Unfavorable)
$ 63,700 $ 100,000
47 4,532
36,300 $ 79,939 $ 79,939
4,485 906 $
906
CLEEP
Grant
Budget Actual
Variance
Favorable
(Unfavorable)
$ 111,235
$ 111,235
6,797
6,797
63,747 104,532 40~785 79~939 80,845
906 111,235 118,032
6,797
65,109 41,797 23,312 80,305 80,305
65~ 109 41,797 23~312 80,305 80,305
( 17362) 62,735 64~097 (366) 540
906 111,235 118,032
6,797
(1,362)
62,735 $
1,253
$ 63,988
64,097 $ (366)
540 $
151
$ 691
906 $ 111.235
118,032 $ 6,797
$ 118,032
(Continued)
50
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued)
SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
REVENUES
Taxes other than property
Intergovernmental
Charges for services
Interest
Fines and forfeitures
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Police
Emergency medical
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street landscaping maintenance
Street maintenance
Health and welfare
Waste management
Senior Support
Community development - Engineering
Capital outlay
Community Improvement
Street Projects
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
Traffic State
Safety Gas Tax
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ 1,214 $ 5,891 $ 4,677
89,475 136,129 46,654
$ 576,000 $ 616,995 $ 40,995
69,329 109,207 39,878
90,689 142,020 51,331 645,329 726,202 80~873
128,475 86,239 42,236 13,170 1,551 11,619
477,096 348,602 128,494
6,000 4,999 1,001
234,890 36,535 198,355
315,292 111,601 203,691
128,475 86,239
(37,786) 55,781
42,236 1,046,448 503,288 543,160
93,567 (401,119) 222,914 624,033
(37,786) 55,781
67.308
$ 123.089
$ 93,567 $ (401,119)
222,9t4
1,321,279
$ 1,544,193
$ 624,033
51
Community Intermodal Surface
OTS Development Transportation
Grant Block Grant Efficiency Act
Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$ 66,950 $ 32,201 $ (34,749) $ 74,214 $ 74,133 $ ($1) $ 820,000 $ 300,000 $ (520,000)
66,950 32,201 (34,749) 74,214 74~133 (81) 820,000 300~000 (520,000)
66,950 32,201 34,749
17,500 17,419 81
50,114 50,114
820,000 300,000
66,950 32,201 3~749 67,614 6Z533 81 820,000 300,000
6,600 6,600
520,000
520,000
$
(6,600) (6,600)
(6,600) (6,600)
$ $ $ $
$ $ $ -
(Continued)
52
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued)
SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
REVENUES
Taxes other than property
Intergovernmental
Charges for services
Interest
Fines and forfeitures
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Police
Emergency medical
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street landscaping maintenance
Street maintenance
Health and welfare
Waste management
Senior Support
Community development - Engineering
Capital outlay
Community Improvement
Street Projects
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
Transportation
Development
Act
Budget Actual
Variance
Favorable
(Unfavorable)
Budget Actual
Variance
Favorable
(Unfavorable)
$ 26,025 $ 32,988 $ 6,963
$ 114 $
26,025 32,988 6,963
114
32,988 32,988
32,988 32,988
(6,963) 6,963 114
$ (782) (782)
(781) (781)
(6,963)
$ 6,963 $ (781)
(667)
667
114
114
114
$ 114
53
Sales Tax State
Measure Transportation Measure D
B Improvement Recycling
Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual . (Unfavorable)
$ 194,000 $ 2 ! 8,443 $ 24,443
$ 1,164,689 $ 272,228 $ (892,461) $ 150,894 $ 163,906 $ 13,012
5,808 17,219 11,41 ] 17,910 13,141 (4,769)
12,671 12,671
199~808 235.662 35,854 1,164,689 272,228 (892,461) 168z804 189,718 20,914
405,500 331,406 74,094
270,908 43,701 227,207 1,311,960 272,228 1,039,732
270,908 43,701 227,207 1,311,960 272,228 1,039,732 405.500 331,406 74,094
(71,100) 191,961 263,061 (147,271) 147,271 (236,696) (141,688) 95.008
(5o0) (500)
(500) (500)
s (71,1oo)
191,961 $ 263,061 $ (147,271)
138.724
$ 330,685
$ 147,271 $ (237,196)
(142,188) $ 95,008
313.043
$ 170,855
54
(Continued)
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued)
SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
REVENUES
Taxes other than property
Intergovernmental
Charges for services
Interest
Fines and forfeitures
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Police
Emergency medical
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street landscaping maintenance
Street maintenance
Health and welfare
Waste management
Senior Support
Community development - Engineering
Capital outlay
Community Improvement
Street Projects
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating Iransfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
Garbage
Service
Budget Actual
Variance
Favorable
(Unfavorable)
Storm
Water
Runoff
Budget
Actual
Variance
Favorable
(Unfavorable)
$ 763,302 $ 765,874 $ 2,572
338 9,219 8,881
$ 998 $ 998
763,640 775,093
11~53
998 998
777,091 777,091
777,091 777,091
(13,451) ('1,998) 11,453
998 998
(207) (87) 120
(207) (87) 120
$ (13,451)
(1,998)
14,761
$ 12,763
$ 11,453 $ (207)
911 $ 1,118
$ 911
55
EMS
Traffic
Congestion
Relief
Variance
Favorable
Budget Actual (Unfavorable) Budget Actual
Favorable
(Unfavorable)
Stree!
Ligrhtin~
$ 82,850 $ 81,587 $ (1,263)
90,000 90,000 $ 231,788 $ 231,789 $
453 453 12,235
12,235 $ 6,512 $ 12,210 $
6,000 2,300
151,874 159,619
Variance
Favomble
(Unfavorable)
5,698
(3,700)
7,745
172,850 172,040 {810) 231,788 244,024 12,236 164,386 174,129
9,743
188,300 188,300
153,045 118,975 3~070
3,019 1,491 1,528
53,355 3,355 50,000
188.300 188,300
(15A50) (16,260)
209,419 123,821 85,598
(810) 231,788 244,024 12,236 (45,033) 50,308 95~,341
$ (15,450)
(16,260) $ (810) $ 231,788
45,799
$ 29,539
244,024 $ 12,236 $ (45,033)
$ 244,024
50,308 $ 95.341
143,349
$ 193,657
(Continued)
56
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued)
SPECIAL REVENUE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
REVENUES
Taxes other than property
Intergovernmental
Charges for services
Interest
Fines and forfeitures
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Police
Emergency medical
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street landscaping maintenance
Street maintenance
Health and welfare
Waste management
Senior Support
Community development - Engineering
Capital outlay
Community Improvement
Street Projects
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
Stagecoach
landscape
Budget Actual
Variance
Favorable
(Unfavorable)
Dougherty
Landscape
a Li~fing
Budl~et Actual
Variance
Favorable
(Unfavorable)
$ 2,101 $ 2,121 $
20 $ 2,582 $ 3,929 $ 1,347
54~256 55~101
56,357 57,222
845 54,855 54,436 (419)
865 57,437 58,365 928
179 179
2,365 1,250
53,129 53,129
1,115
240 240
4,945 2,907 2,038
78,492 69,069 9,423
1,209 1,209
870 804
57,752 56,571 1,181
(1,395) 651 2,046
3,712 3,712
66 1,970 1,715 255
89,359 77,643 11,716
(3t,922) (19,278) 12,644
$ (1,395)
651
27,538
$ 28,189
$ 2,046 $ (3 I~922)
(19,278)
61,311
$ 42,033
$ 12,644
57
Santa Rita
Assessment
District 97-1
Budl~et Actual
Variance
Favorable
(unfavorable)
$ 1,564 $ 6,766 $ 5,202 $
118,302 105,149 (13J53)
119,866 111,915 (7,95
Dublin Street
Light
Assessment
Budget
Actual
Variance
Favorable
(Unfavorable)
830 $ 1,431 $ 601
11.101 10,344 (757)
11,931 11,775 (156]}
Total
Budget Actual
Variance
Favorable
(Unfavorable)
$ 276,850 $ 300,030 $ 23,180
3,477,434 2,122;974 (1,354,460)
763,302 766,872 3,570
114,265 212,854 98,589
89,475 136,129 46,654
11,000 20,231 9,231
390,388 384,649 (5,739)
5,122,7t4 3,943,739 (1,178,975]}
713 437 276
4,729 18 4711
111,380 8,453 102,927
1,t00 1,100
19,070 110 18,960
498 406 92
1,675 1,675
117,922 10,008 107,914 21,243 2,191 19,052
1~944 101~907 99,963 (9~312) 9~584 18,896
225,874 163,769 62,105
188,300 188,300
313,760 206,875 106,885
4,649 2,753 1,896
12,039 4,175 7,864
243,001 130,651 112,350
477,096 348,602 128,494
1,182,591 1,108,497 74,094
17,500 17,419 81
67,051 16,050 51,001
287,844 89,168 198,676
2,751,148 760,518 1,990,630
5,770,853 3,036,777 2,734,076
(648,139]} 906,962 1,555,101
(23,838]} (15~062)
(23,838) (15,062)
8,776
8,776
$ 1.944
101,907 $
56,591
$ 158.498
99,963 $ (9,312)
9,584 $
18,588
$ 287172
18.896 $ (671,977]}
891,900
2,301z037
$ 3,192,937
$ 1,563,877
58
This page left blank intentionally.
CITY OF DUBLIN
CAPITAL PROJECTS FUNDS
Traffic Impact Fees Fund - To account for impact fees received from developers of properties, which can only
be used for the design, development, and construction of street projects within the City.
Public Facilities Fees Fund - To account for impact fees received from developers of properties, which can only
be used for the design, development, and construction of new public facilities within the City.
Park Dedication Fees Fund - To account for park dedication fees received in lieu of property from developers
pursuant to the Quimby Act.
Fire Impact Fees Fund - To account for impact fees received from developers of properties, which can only be
used for the design, development and construction of fire capital expansion projects within the City.
Housing and Noise Mitigation Fees Fund - To account for impact fees received from developers of properties,
which only can be used for the design, development, and construction of citywide affordable housing projects
and noise mitigation projects in Eastern Dublin.
59
CITY OF DUBLIN
COMBINING BALANCE SItEET
CAPITAL PROJECT FUNDS
JUNE 30, 2001
(With Comparative Totals for June 30, 2000)
Cash and investments
Escow deposit
Total Assets
ASSET
LIABILITIES
Accounts payable
Deferred revenues
Due to other funds
Total Liabilities
FUND BALANCE
Unreserved
Designated for authorized expenditures
Undesignated
Total Fund Balance
Total Liabilities and Fund Balance
Traffic
Impact
Fees
$11,653,773
109,300
$11,763,073
279,331
11,483,742
11,763,073
$11,763,073
Public
Facilities
Fees
$ 8,681,358
$ 8,681,358
43,648
8,637,710
8,681,358
$ 8,681,358
Park
Dedication
Fees
$ 438,667
$ 438,667
18,125
18,125
420,542
420,542
$ 438,667
Fire
Impact
Fees
$1,083,523
$1,083,523
1,083,523
1,083,523
$1,083,523
60
Housing and
Noise
Mitigation
Totals
2001
$ 27,742,815
109,300
$ 27,852,115
2000
$ 17,481,036
4,267,787
$ 21,748,823
$ 5,885,494
$ 5,885,494
5,885,494
5,885,494
322,979
27,108,594
27,431,573
683,735
20,644,545
4,143
21,332,423
$ 5,885,494
420,542
420,542
$ 27,852,115
420,542
(4,142)
416~00
$ 21,748,823
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE
CAPITAL PROJECT FUNDS
FOR TI~E FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Totals for the Fiscal Year Ended June 30, 2000)
REVENUES
Developer fees
Total Revenues
EXPENDITURES
Current:
Conmmnity development
Capital outlay General
Community Improvement
Parks
Streets
Debt service
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
Traffic
Impact
Fees
$7,895,803
7,895,803
7,840,521
50,000
7,890,521
5,282
(1,140)
(1,140)
4,142
(4,142)
$
Public
Facilities
Fees
$ 288,682
288,682
269,827
18,855
288,682
Park
Dedication
Fees
$ 420,542
$ 420,542
62
Fire
Impact
Fees
Housing and
Noise
Mitigation
$ 667,035 $ 30,855
667,035 30,855
TOTALS
2001
$ 8,882,375
8,882,375
2000
$ 10,337,149
10,337,149
658,014
9,021
667,035
30,855
30,855
30,855
927,841
9,021
18,855
7,840,521
50,000
8,877,093
5,282
(1,140)
(1,140)
12,390
1,859,641
6,057,183
2,433,844
10,363,058
(25,909)
4,142
416,400
$ 420,542
(25,909)
442,309
$ 416,400
-- 63
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL
CAPITAL PROJECT FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
REVENUES
Traffic Public
Impact Facilities
Fees Fees
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Developer fees
Total Revenues
EXPENDITURES
$ 16,342,614 $ 7,895,803 $ (8,446,811) $ 917,583 $ 288,682 $ (628,901)
t6,342,614 7,895,803 (8,446,811) 917,583 288,682 (628,901)
Community developmem
General
Community Improvement
Parks
Streets
Debt service
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
FUnd Balance, Beginning of Year
Fund Balance, End of Year
20,737,408 7,840,521 12,896,887
50,000 50,000
269,828 269,827 1
859,744 18,855 840,889
20,837,408 7,890,521 12,846,887 1,129,572 288,682 840,890
(4,494,794) 5,282 4,400,076 (211,989) 211,989
(1,t40) (1,140)
(1,140) (1,140)
$ (4,495,934) 4,142 $ 4,400,076 $ (211,989) $ 211,989
(4,142)
$ $ -
64
Park
Dedication
Fees
Budg~
Actual
Fire
Impact
Fees
Variance Variance
Favorable Favorable
(unfavorable) Budget Actual (Unfavorable)
Budget
Housing and
Noise
Mitigation
Actual
Variance
Favorable
(Unfavorable)
$ 553,255
553,255
$ (553,255) $ 1,480,846 $ 667,035 $ (813,811) $ 19,134 $
(553,255) 1,480,846 667,035 (813,811) 19,134
30,855 $ 11,721
30,855 ! 1,721
553,255
553,255
1,471,987 658,014
9,021 9,021
813,973
37,834 3~855 6,979
553,255
553,255 1,481,008 667,035 813,973 37,834 30,855 6,979
(162) 162 (18,700)
18,700
$ 420,542
$ 420,542
$ $ (162) $ 162 $ (18,700)
$ $
$ 18,700
(Continued)
65
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCE - BUDGET AND ACTUAL (Continued)
CAPITAL PROJECT FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
Totals
Budget
Actual
Variance
Favorable
(Unfavorable)
Developer fees
Total Revenues
EXPENDITURES
$ 19,313,432 $ 8,882,375 $ (10,431,057)
19,313,432 8,882,375 ( 10,431,057)
Cu~r~nt:
Community development 37,834 30,855 6,979
General 1,741,815 927,841 813,974
Community Improvement 562,276 9,021 553,255
Parks 859,744 18,855 840,889
Streets 20,737,408 7,840,521 12,896,887
Debt service 50,000 50,000
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers out
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
23,989,077 8,877,093 15,111,984
(4,675,645) 5,282 4,680,927
(1,14o)
(1,14o)
$ (4,676,785)
(1,140)
(1,140)
4,142
416,400
$ 420,542
$ 4,680,927
66
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
Internal Service funds are used to account for the financing of goods or services provided by one department or
agency to other departments or agencies of the City on a cost reimbursement basis. The City has established four
of these types of funds: Equipment Replacement, Fire Equipment and Station Replacement, Building
Replacement, and Retiree Health Care.
-- 67
CITY OF DUBLIN
COMBINING BALANCE SHEET
INTERNAL SERVICE FUNDS
JUNE 30, 2001
(With Comparative Totals for June 30, 2000)
Cash and investments
Receivable:
Accounts
Fixed Assets
Total Assets
Accounts payable
Total Liabilities
ASSET
LIABILITIES
FUND EQUITY
Contributed capital
Retained earnings
Reserved for equipment replacement
Total Fund Equity
Total Liabilities and Fund Equity
Equipment
Replacement
Fire Equipment
and Station
Replacement
Bailding
Replacement
$ 749,290
6,495
708,837
$ 1,464,622
2,676
2,676
$ 999,871
1,142,293
$ 2,142,164
945,707
20,298,136
$ 21,243,843
1,770
1,770
786,830
675,116
1,461,946
$ 1,464,622
1,145,541
996,623
2,142,164
$ 2,142,164
20,244,253
997,820
21,242,073
$ 21,243,843
¸68
Retiree
Health
Care
Totals
2001
2000
$ 2,682,361 $ 5,377,229 $
6,495
22,149,266
$ 2,682,361 $ 27,532,990 $
2,384,683
21,105,766
23,490,449
10,695 15,141 6,353
10,695 15,141 6,353
22,176,624 21,286,492
2,671,666 5,341,225 2,197,604
2,671,666 27,517,849 23,484,096
$ 2,682,361 $ 27,532,990 $
23,490,449
-- 69
CITY OF DUBLIN
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN RETAINED EARNINGS
INTERNAL SERVICE FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Totals for the Fiscal Year Ended June 30, 2000)
REVENUES
Charges for services
Miscellaneous
Total Revenues
EXPENSES
Depreciation
Services and supplies
Total Expenses
Operating Income (Loss)
NONOPERATING INCOME (EXPENSES)
Interest Income
Nonoperating Income
Income (Loss) Before Operating Transfers
OPERATING TRANSFERS IN
Net Income (Loss)
Charge to contributed capital for depreciation on
fixed assets acquired with contributions
Retained Earnings, at beginning of year
Retained Earnings, at end of year
Equipment
Replacement
$ 382,283
6,495
388,778
273,424
137,753
411,177
Fire Equipment
and Station Building
Replacement Replacement
$ 145,572 $ 96,456
145,572
96,456
453,908
4,924
458,832
114,656
1,340
115,996
(22,399) 29,576 (362,376)
51,658 64,345 64,346
51,658 64,345 64,346
29,259
29,259
93,921 (298,030)
93,921 (298,030)
162,552 72,150 412,103
483,305 830,552 883,747
$ 996,623 $ 997,820
$ 675,116
70
Retiree
Health
Care
$ 320,225
320,225
73,482
73,482
246,743
24,923
24,923
271,666
2,400,000
2,671,666
$ 2,671,666
TOTALS
2001
2000
$ 944,536
6,495
951,031
841,988
217,499
1,059,487
$ 580,974
42,215
623,189
762,448
102,873
865,321
(108,456)
(242,132)
205,272
205,272
96,816
2,400,000
2,496,816
65,324
65,324
(176,808)
931,286
754,478
646,805
2,197,604
$ 5,341,225
545,510
897,616
$ 2,197,604
CITY OF DUBLIN
COMBINING STATEMENT OF CASH FLOWS
INTERNAL SERVICE FUNDS
FOR TtIE FISCAL YEAR ENDED JUNE 30, 2001
(With Comparative Totals for the Fiscal Year Ended June 30, 2000)
CASH FLOWS FROM OPERATING ACTMTIES
Operating income (loss)
Adjustments to reconcile operating income
to cash flows from operating activities:
Depreciation
Net effect of changes in accounts receivable
Net effect of changes in
Accounts payable
Cash Flows from Operating Activities
CAsH FLOWS FROM INVESTING ACTIVITIES
Interest received
Cash Flows from Investing Activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Fixed asset purchases
Cash Flows from Capital and Related
Financing Activities
CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES
Operating Transfers In
Cash Flows from Noncapital Financing Activities
Net Cash Flows
Cash and investments at Beginning of Year
Cash and investments at End of Year
Equipment
Replacemem
Fire Equipment
and Station Building
Replacement Replacement
$ (22,399) $ 29,576 $ (362,376)
273,424
(6,495)
114,656 453,908
(3,678) 1,770
240,852 144,232 93,302
51,658 64,345 64,346
51,658 64,345 64,346
73,316
675,974
$ 749,290
(219,194) (39,258) (90,098)
(219,194) (39,258) (90,098)
169,319 67,550
830,552 878,157
$ 999,871 $ 945,707
Non-cash investing, capital and financing activities:
Contributed fixed assets
274,508
$ 1,262,429
72
Retiree
Health
Care
TOTALS
2001
2000
$ 246,743
$ (108,456) $ (242,132)
10,695
257,438
24,923
24,923
2,400,000
2,400,000
2,682,361
$ 2,682,361
841,988
(6,495)
8,787
735,824
205,272
205,272
(348,550)
(348,550)
2,400,000
2,400,000
2,992,546
2,384,683
$ 5,377,229
762,448
(14,453)
505,863
65,324
65,324
(141,297)
(141,297)
931,286
931,286
1,361,176
1,023,507
$ 2,384,683
$ 1,536,937
$ 2,275,141
-- 73
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CITY OF DUBLIN
AGENCY FUND
Agency funds are used to account for assets held by the City in a fiduciary capacity for individuals, governmental
entities and others. These funds carry out the specifications of trust indentures, ordinance or other regulations.
Dublin Boulevard Extension Assessment District Fund - To account for the special assessment established to
fund the improvements to Dublin Boulevard.
74
CITY OF DUBLIN
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
AGENCY FUNDS
FOR THE FISCAL YEAR ENDED JUNE 30, 2001
Dublin Boulevard Extension Assessment District
Balance
June 30, 2000
ASSET
Cash and Investments $ 168,856
Restricted cash and investments 157,925
Accounts Receivable
Total Assets $ 326,781
LIABILITY
Due to bondholders $ 326,781
Additions
$ 212,856
8,889
31,968
$ 253,713
$ 253,713
Reductions
$ 234,093
$ 234,O93
$ 234,093
Balance
June 30, 2001
$ 147,619
166,814
31,968
$ 346,401
$ 346,401
75
STATISTICAL SECTION
76
This page left blank intentionally.
Fiscal General
Year Government
CITY OF DUBLIN
GOVERNMENTAL EXPENDITURES BY FUNCTION
ALL GOVERNMENTAL FUND TYPES
LAST TEN FISCAL YEARS
Facilities Health and
Rents Public Safety Welfare
1991-1992 $1,618,391 $1,720,670 $ 5,654,056 $ 29,526
1992-1993 1,347,055 1,718,970 6,014,989 76,729
1993-1994 1,389,537 1,532,816 6,001,166 542,698
1994-1995 1,488,844 1~553,744 6.325,219 656,817
1995-1996 1,392,265 1,604,480 6,986,737 1,183,933
1995-1997 1,691,724 1,496,816 6,968,912 734,423
1997-1998 1,761,818 1,493,348 8,566,630 754,979
1998-1999 2,139,738 1,614,~t07 9,145,346 851,699
1999-2000 2,274,914 9,892,983 893,254
2000-2901 3,085,725 10,960,642 1,139,399
Source: City of Dublin Annual F'~ancial Report
Highways Community Culture and Capital
and Streets Development Leisure Outlay Principal Total
$ 1,025;265 $ 1,541,207 $ 1,682;262 $ 5,273,041 $18,544,418
998,843 1.409,594 1,733,786 2,697,724 15,997,690
830,936 1.107,770 1,709,218 1.118,384 14,232,525
944,564 1,354,796 1,765,990 1.370,902 15,560,876
1,043,009 1,832,754 1,847,110 3,338,607 19,228,895
1,059,275 1,930,723 2,007,715 2.552,912 18,442,500
1,090,290 2,824;242 2,172,422 2.219,989 20,893.718
1,240,171 3,664,025 2,248,581 4,617,733 25,521,700
1,504,050 4,138,916 2,827.621 13,052,015 251,004 34,834,757
1,446,053 4,572,981 3,332,421 12,077,482 301,004 36,915.707
40.000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0
Total Governmental Expenditures
Fiscal Years
CITY OF DUBUN
GENERAL GOVERNMENTAL REVENUES BY SOURCE
ALL GOVERNMENTAl. FUND TYPES
LAST TEN FISCAL YEARS
Developer
Properly Taxes Fees and
/ Special Licenses Inter- Charges for Use of Money Fines / Other
Fiscal Year Assessments Sales Taxes Other Taxes and Permits Governmental Services and Properb] Revenue Total
1991-1992 '$ 4,083,141 $ 5,293,709 $ 704,774 $ 246,459 $ 2,489,765 $ 1,085,251 $ 1,125,154 $ 1,110,126 $ 16,138,379
1992-1993 3,951,806 5,484,502 842,460 281,921 2,810,875 1,171,564 951~267 175,273 15,669,688
1993-1994 4,149,388 5,969,342 752,363 340,995 1,798,037 1,323,196 1,008,044 422,785 15,764,150
1994-1995 4,307,753 6,470,287 772,630 337,551 2,375,377 1,798,343 1,210,885 648,497 17,921,323
1995-1996 4,185,731 6,760,413 1,006,729 466,199 3,674,119 3,596,000 1,376,547 180,130 21,245,968
1996-1997 4,164,884 7,108,598 1,280,578 1,092,183 2,091,210 2,789,236 1,505,788 309,361 20,341,838
1997-1998 4,628,201 8,025,448 1,538;247 1,398,677 2,159,609 4,045,063 1,670,875 598,977 24,065,097
1998-1999 5,119,268 8,687,091 1,771,602 2,472,217 2,633,035 6,447,928 1,462,691 40~799 28,996,631
1999-2000 6,310,171 11,548,901 2,414,081 3,897,965 3,056,557 14,378,621 1,461,146 965,709 44,033,153
2000-2001 7,558,939 12,985,986 3,199,197 3,028,655 4,129,090 13,368,815 2,839,691 2,979,215 ' 50,089,588
Source: City of Dublin Annual Financial Report
Total Governmental Revenues
$60,000.000
$50,000.000
$40,000,000 ,
$30,000,000
$20,000,000
$10,000,000
-78-
CITY OF DUBLIN
ASSESSED VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
uti,ty
State Board Unsecured
Fiscal Year Secured Property Roll Property Total
1991-1992 $1,285,655,755 $ 4,536,700 $ 92,379,123 $1,382,571,578
1992-1993 1,344,318,745 4,536,700 92,379,123 1,441,234,568
1993-1994 1,400,427,455 4,536,700 97,399,163 1,502,363,318
1994-1995 1,426,206,284 4,497,120 97,359,845 1,528,063,249
1995-1996 1,434,712,474 4,024,540 94,522,217 1,533,259,231
1996-1997 1,519,119,484 4,028,118 115,801,947 1,638,949,549
1997-1998 1,565,651,517 2,395,606 114,868,090 1,682,915,213
1998-1999 1,782,911,790 2,395,606 115,129,665 1,900,437,061
1999-2000 2,220,043,442 2,395,606 131,207,312 2,353,646,360
2000-2001 2,869,933,657 2,636,107 132,417,225 3,004,986,989
Source: Alameda County Office of the Auditor-Controller
(All figures shown are net of exemptions.)
$3.50
A $3.00
O
= $2.50
_= $2.00
E
_= $1.5o
C]
~ $1.oo
~- $0.50
$0.00
Total Assessed Value of Taxable Property
Fiscal Years
CITY OF DUBLIN
PROPERTY TAX RATES
ALL DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
Dublin
Basic San
County Bay Area East Bay Ramon Alameda Total Rate
Fiscal Wide Levy School Flood Zone Rapid Parks Services County Per $1000
Year ($1/$100) Districts State Bonds Transit Bond District Library Valuation
1991-1992 1.0000 0.0935 0.0133 0.0251 0.0028 0.0010 0.0058 1.1415
1992-1993 1.0000 0.0878 0.0132 0.0258 0.0074 * 0.0061 1.1403
1993-1994 1.0000 0.0717 0.0182 0.0240 0.0069 * 0.0060 1.1268
1994-1995 1.0000 0.0799 0.0166 0.0235 0.0066 * 0.0057 1.1323
1995-1996 1.0000 0.0648 0.0191 0.0230 0.0094 * 0.0057 1.1220
1996-1997 1.0000 0.0858 0.0187 0.0225 0.0080 * 0.0056 1.1406
1997-1998 1.0000 0.0831 0.0178 0.0220 0.0081 * 0.0049 1.1359
1998-1999 1.0000 0.0727 0.0163 0.0167 0.0092 * 0.0057 1.1206
1999-2000 1.0000 0.0534 0.0145 0.0065 * 1.0744
2000-2001 1.0000 0.0534 0.0145 0.0065 * 1.0744
Source: Alameda County Office of The Auditor-Controller
Rates Shown for Tax Code Area 26-001 which represents the largest portion of property taxes collected
in the City.
*No longer assessed, bonded debt fully repaid.
-80-
CITY OF DUBLIN
COMPUTATION OF LEGAL DEBT MARGIN
June 30, 2001
Assessed valuation:
Assessed value
Add back exempt mai property
Total Assessed Value
Legal debt margin:
Debt limitation - 15 percent of total assessed value
Percent of debt limit authorized and issued
$ 3,004,986,989
$ 60,674,335
$ 3,065,661,324
$ 459,849,199
0.00%
Source: City of Dublin Finance Department
Excludes 1915 Act Bonds since they are not
General Obligation Debt of the City of Dublin.
CITY OF DUBLIN
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
June 30, 2001
Jurisdicaon
OVERLAPPING TAX AND ASSESSMENT DEBT:
Dublin Joint Unified School District
Castro Valley Unified School District
East Bay Regional Park District
City of Dublin 1915 Act Bonds
TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT
Percentage Net Debt
Applicable to Outstanding
City of Applicable to
Dublin City of Dublin
99.810% $ 35,880,383
0.470% $ 59,455
1.801% $ 3,134,550
100.000% $ 1,770,000
DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT:
Alameda County General Fund Obligations
Alameda County Pension Obligations
Alameda County Superintendent of Schools Certificates of Pa'rticipation
Alameda - Contra Costa Transit District Certificates of Participation
Chabot-Las Positas Comfy College District Certificates of Participation
Castro Valley Unified School District Certificates Of Participation
Dublin Joint Unified School Distdct Certificates of Participation
TOTAL DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT
COMBINED TOTAL DEBT
Ratios to Assessed Valuation:
Total Overlapping Tax and Assessment Debt.
Combined Total Debt
STATE SCHOOL BUILDING AID REPAYABLE AS OF 6/3012001: Sf)
$ 40,844,388
3.014% $ 17,843,523
3.014% $ 14,607,447
3.014% $ 166,825
0.020% $ 4,735
6.664% $ 332,200
0.470% $ 14,547
99.830% $ 254,567
1.34%
2.83%
$ 33,223,844
$ 74,068,232 (1)
(1) Excludes lax and revenue anticipation notes; revenue, mortgage revenue and tax allocation bonds, and non-bonded
capital lease obligations.
Souce: California Municipal Statistics, Inc.
-82-
CITY OF DUBLIN
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
City Rank in '
Alameda Population Size of
Fiscal City County % of Califomia
Year Population Population County Cities
1991-1992 25,162 1,313,300 1.92% 222
1992-1993 25,853 1,337,126 1.93% 224
1993-1994 26,270 1,347,930 1.95% 225
1994-1995 26,581 1,362,893 1.95% 228
1995-1996 26,267 1,356,102 1.94% 226
1996-1997 25,544 1,371,793. 1.86% 225
1997-1998 26,725 1,401,227 1.91% 224
1998-1999 28,707 1,433,309 2.00% 222
1999-2000 32,519 1,434,162 2.32% 205
2000-2001 ' 32,570 1,474,143 2.21% 209
Source: State of California Department of Finance - Population Research Unit
Note: The City's Population for Fiscal Year 1999-2000 was adjusted downward based upon the 2000 U.S. Census
City Population
35,000
30,000
25,000
20,0001
15,000
10,000
5,000
0
Fiscal Years
CITY OF DUBLIN
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
Total
Number of Commercial Residential
Fiscal Permits Construction Construction
Year Issued Value Value
1991-1992 798 $ 9,759,533 $ 5,005,547
1992-1993 828 5,477,619 7,732,367
1993-1994 721 8,162,579 3,490,667
1994-1995 739 6,718,045 2,368,943
1995-1996 814 4,927,911 15,638,274
1996-1997 790 6,855,980 64,610,527
1997-1998 1020 29,159,270 83,205,153
1998-1999 1552 93,428,185 135,438,240
1999-2000 2521 107,242,721 180,258,804
2000-2001 1828 113,618,557 155,286,401
Source: Findley Reports, Inc. and City of Dublin Building Department Status Reports
Bank Deposits *
$ 517,540,000
533,885,000
555,554,000
549,989,000
568,924,000
611,507,000
641,921,000
684,749,000
715,313,000
Not Available
* Bank Deposits represents the amount of cash deposits held by financial institutions
within the City of Dublin.
- - · - - Commercial Construction Value
.IL Residential Construction Value
200,000,000
180,000,000
160,000,000
140,000,000
120,000,000
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
0
-84-
CITY OF DUBLIN
SCHEDULE OF 1993 CERTIFICATES OF PARTICIPATION COVERAGE
FISCAL YEARS ENDED 1994-1999
Debt Service Requirement
Direct
Operating Net Revenue
Fiscal Gross Expenses Available for
Year Revenue (1) (2) Debt Service Principal Interest (3) Total Coverage
1993-1994 $1,564,715 $ 12,874 $1,551,841 $910,000 $ 622,816 $1,532,816 101.24%
1994-1995 1,565,843 18,821 1,547,022 645,000 908,744 1,553,744 99.57%
1995-1996 1,594,060 18,518 1,575,642 705,000 916,027 1,621,027 99.70%
1995-1997 1,592,322 4,211 1,588,111 730,000 887,518 1,617,518 98.18%
1997-1998 1,598,447 8,385 1,590,062 765,000 856,351 1,621,351 98.07%
1998-1999 1,671,633 518 1,671,115 920,000 935,707 1,855,707 90.05%
(1) Gross Revenue includes Facilities Rent and Interest Income.
(2) Direct Operating Expenses excludes Interest and Depreciation.
(3) Excludes Amortization of Bond Discount.
Source: City of Dublin Annual Financial Report
Note: Available reserves from the General Fund were used to retire the remaining $13,850,000 outstanding on this
bond issue on February 1, 1999.
CITY OF DUBLIN
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Percent of
Total Total Tax
Fiscal Property Tax Property Tax Collected to
Year Levied Collected Tax Levied
1991-1992 $3,860,349 $ 3,611,824 93.56%
1992-1993(1 ) 3,597,733 3,432,895 95.42%
1993-1994 3,735,472 3,632,944 97.26%
1994-1995 3,836,151 3,614,558 94.22%
1995-1996 3,833,915 3,614,671 94.28%
1996-1997 3,921,703 3,713,665 94.70%
1997-1998 4,184,413 4,074,407 97.37%
1998-1999 '4,798,501 4,517,234 94.14%
1999-2000 5,765,531 5,499,897 95.39%
2000-2001 7,333,215 6,959,769 94.91%
(1) In Fiscal Year 1992/93, state law was enacted which permanently
reduced the City's share of the property tax levy and shifted it to the schools.
Amount levied for all subsequent years is net of property tax shift to schools.
Source: HDL Coren & Cone and
Alameda County Office of the Auditor-Controller
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CITY OF DUBLIN
PRINCIPAL PROPERTY TAXPAYERS
(Based on Secured 200012001 Tax Roll)
JUNE 30, 2001
Taxpayer
Assessed Value
Hong Y. Lin & L. Hong & S. Chang
Jefferson at Dublin Limited Partnership
Security Capital Pacific Trust
Rreef American REIT Corporation Y
Park Sierra LLC
Standard Pacific Corporation
U.S. Property Fund GMBH & Company KG
Toll CA II Limited Partnership
Shea Homes Limited Partnership
Centex Homes
MSSH Dublin Development LLC
Bay Apartment Communities Inc.
MSSH Mayfield LLC
Pacific Gulf Properties Inc.
Northwestern Mutual Life Insurance
First Secudty Bank National Association
Mission Peak Homes Inc.
St. Michael Investments
Regal Cinemas Inc.
Albertsons Inc.
Phoenix Mutual Life Insurance Company
Rafanelli & Nahas
Pulte Home Corporation
OBSHP Company Company
Brett G. & Lisa Jensen
$172,564,071
59,403,820
54,617,400
48,080,500
32,757,538
32,660,338
31,110,000
30,175,000
29,682,000
26,802,624
26,550,000
23,913,029
23,664,077
23,460,000
21,061,336
20,224,962
18,539,052
18,091,586
17,366,916
17,198,668
16,406,812
16,245,940
15,853,968
15,813,500
15,809,319
Total $808,052,456
Source: HDL Coren & Cone, Alameda County Assessor Combined Tax Rolls
Percent of Total
Assessed Value
5.63%
1.94%
1.78%
1.57%
1.07%
1.07%
1.01 %
0.98%
0.97%
0.87%
0.87%
0.78%
0.77%
0.77%
0.69%
0.66%
0.60%
0.59%
0.57%
0.56%
0.54%
0.53%
0.52%
0.52%
0.52%
26.38%
CITY OF DUBLIN'
TOP 25 SALES TAX PRODUCERS
2000-2001
BUSINESS NAME
Alameda County Auction
Arco AM/PM
Automatic Rain
Babies R Us
Bed Bath & Beyond
Best Buy
Cai Steam East Bay
Circuit City
Crown Chevrolet/Olds/Cadillac/Isuzu
Dublin Dodge Nissan Volkwagen & Hyundai
Dublin Honda
Dublin Toyota
Good Guys
Mervyn's
Micro Porcelain Dental Lab
Old Navy Clothing
Orchard Supply Hardware
Polystor
Shamrock Ford
Sprinkler Irrigation Specialists
Stoneridge Motors
T J Maxx
Target
Toys R Us
Tri Valley Buick Pontiac GMC
Percent of Total City Sales Tax Paid By Top 25 Accounts = 65%
BUSINESS CATEGORY
Used Automotive Dealers
Service Stations
Light Industrial/Printers
Family Apparel
Home Furnishings
Radio/Appliance Stores
Plumbing/Electrical Supplies
Radio/Appliance Stores
New Motor Vehicle Dealers
New Motor Vehicle Dealers
New Motor Vehicle Dealers
New Motor Vehicle Dealers
Radio/Appliance Stores
Department Stores
Health Services
Men's Apparel
Hardware Stores-
Light Industrial/Printers
New Motor Vehicle Dealers
Lumber/Building Materials
New Motor Vehicle Dealers
Family Apparel
Discount Department Stores
Specialty Stores
New Motor Vehicle Dealers
Firms D'sted Alphabetically
Pedod: Apd12000 thru March 2001
Source: HDL Coren & Cone, State Board of Equalization
-88-
CITY OF DUBLIN
MISCELLANEOUS STATISTICAL DATA
JUNE 30, 2001
Date of Incorporation
Form of Government
Employees (City and Contract)
Population
Area
Miles of Streets
Miles of Curbs
Signalized Intersections
Number of Street Lights
PARKS AND RECREATION:
Parks
Acres in Parks
Nnmher of Registered Voters
(,is of November 2000)
EDUCATION:
I. Public
Elementary Schools
Middle School
High School
Continuation High School
II. Public School Enrollment:
September 2001
February 1982
Council/Manager
166
32,570
12.20 Sq. Miles
62.91
171.5
41
2,396
11
175.75
12,840
5
1
1
1
4,241
FIRE PROTECTION:
Number of Stations
Number of Fire Personnel
POLICE PROTECTION:
Number of Stations
Number of Pohce Personnel
COMMUNITY FACILITIES:
Dublin Civic Center
Dublin Senior Center
Shannon Coiiiiii~tity Cemer
Dublin Swim Center
Heritage Center
2
31
1
Source: City of Dublin and Dublin Unified School District Records
-89-
Vavrinek, Trine, Day & Co., LLP
Certified Public Accountants & Consultants
INDEPENDENT ACCOUNTANTS' REPORT ON AGREED-UPON PROCEDURES
APPLIED TO APPROPRIATIONS LIMIT CALCULATION
To the Honorable Mayor and
Members of the City Council
City of Dublin
Dublin, California
We have applied the procedures enumerated below to the Appropriations Limit calculation of the City of Dublin,
California for the year ended June 30, 2002. These procedures, which were agreed to by the City of Dublin,
California and the League of California Cities (as presented in the League publication entitled Agreed Upon
Procedures Applied to the Appropriations Limitation Prescribed by Article XIII-B of the California Constitution)
were performed solely to assist the City of Dublin, California in meeting the requirements of Section 1.5 of
Article XIIIB of the California Constitution. The City of Dublin management is responsible for the
Appropriations Limit calculation. This agreed upon procedures engagement was conducted in accordance with
attestation standards established by the American Institute of Certified Public Accountants.
The sufficiency of the procedures is solely the responsibility of those parties specified in this report.
Consequently, we make no representation regarding the sufficiency of the procedures described below either for
the purpose for which this report has been requested or for any other purpose.
The procedures performed and our findings were as follows:
We obtained completed worksheets and compared the 2001-2002 limit and annual adjustment factors
included in those worksheets to the limit and annual adjustment factors included in those worksheets to
the limit and annual adjustment factors that were adopted by resolution of the City Council. We also
compared the population and inflation options included in the aforementioned worksheets to those that
were selected by a recorded vote of the City Council.
Findings: No exceptions were noted as a result of our procedures.
2. We added last year's limit to the total adjustments and compared the resulting amount to this year's limit.
Findings: No exceptions were noted as a result of our procedures.
3. We compared the current year information to the prior year appropriations limit adopted by the City
Council for the prior year.
Finding: No exceptions were noted as result of our procedures.
FRESNO
Attachment 2
5000 Hopyard Rd., Suite 335 Pleasanton, CA94588-3351 Tel: 925.734.6600 Fax: 925.734.6611 www.vtdcpa.com
· LAGUNA HILLS · PLEASANTON "' RANCHO CUCAMONGA · SACRAMENTO · SAN JOSE
: 4. We compared the prior year appropriations limit to the prior year appropriations limit adopted by the City
Council for the prior year.
Finding: No exceptions were noted as a result of our procedures.
We were not engaged to, and did not perform an examination, the objective of which would be the expression of
an opinion on the Appropriations Limit worksheet. Accordingly, we do not express such an opinion. 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 Article XIII-B of the California Constitution.
This report is intended solely for the use of the City Council and management of the City of Dublin, California
and is not intended to be and should not be used by anyone other than these specified parties. However, this
report is a matter of public record and its distribution is not limited.
Pleasanton, California
September 21,2001