HomeMy WebLinkAbout4.07 AuditReport2003-2004
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: March 1, 2005
CITY CLERK
File # n~rnDJ..f?Jj[Q]
e SUBJECT:
Annual Audit Report for Fiscal Year 2003-2004 .
Report Preparedby: Carole A. Perry. Administrative Services
Director and Fred W. Marsh, Finance Manager
ATTACHMENTS:
1. Comprehensive Annual Fin¡mcial Report of June 30, 2004
2. Recommendations to Management for Year Ended June 30, 2004
RECOMMENDATION~. J>-l.
/, l/V' 2.
Receive the _Reports
Conñrm the Reservations of Fund Balances
for Fiscal Year 2003-2004
See Staff Report.
FINANCIAL STATEMENT:
DESCRIPTION: The City of Dublin has compiled and published its Comprehensive Annual
Financial Report for the Fiscal Year ending June 30, 2004. This report, which is included as Attachment
One, includes financial statements prepared by Caporicci and Larson, CPA's (C&L), the independent
auditors selected by the City Council. This is the fIrst year that.C&L has conducted this audit for the City.
.
The financial section of the report includes an unqualified opinion issued by C&L. The audit was also
reviewed by the City Council Ad Hoc Audit Committee during their meeting on February 15, 2005. The
Ad Hoc Committee met with the auditors to review the information and discuss the report. The Auditors
assessed the City's internal controls for its fInancial reporting and operations and have made one
recommendation; that the City's Information Technology Division develop a written disaster recovery
plan to ensure the continuity of the City's operations in case of a disaster. Although a verbal plan is in
place, in response, to this recommendation, Staff will be working with the City's Disaster Preparedness
Staff to develop a written policy that will be implemented during Fiscal Year 2004·2005. It should be
noted that an off_site storage arrangement for all City files and archives has already been put into
operation to prevent the loss of any critical data.
Although not officially part of the Fiscal Year 2003-2004 Annual Audit, also discussed during the Ad Hoc
Meeting was the issue of post retiree benefits offered to employees. The City of Dublin contracted with
Segal Group to complete an actuarial valuation of postretirement benefits. This analysis will establish the
liabilities associated with this particular benefit plan, in accordance with recently adopted Governmental
Accounting Standards Board Statements (GASB 43 and 45). This study is now near completion and when
finalized, the City will utilize the actuarial data to revise the annual contribution to fund the accrued
liability. The liability funding component will be developed in much greater detail for City Council as
part of the Fiscal Year 2005-2006 budget.
The City's audit report for Fiscal Year 2003-2004 has been prepared in compliance with the principles of
GASB Statement 34. The transmittal letter and the Management Discussion and Analysis provide a good
overview of the financial activities of the City. These documents focus on significant trends, as well as
.~_~_______________________________~__.~____~____________________________ø~~__________________________p______
. COPIES TO:
G:\AuditIFY 03-04\cafilagonda statement for final sudit roport.doc I fJ ~
Caporicci and Larson
ITEMNO.~
major changes associated with the City's major funds (Le. General Fund and hnpact Fee funds). The
General Fund represents the largest portion of the City's revenues and expenditures; ·therefòre, is of
primary importance in evaluating the City's fiscal condition.
..
The statistical section in the CAFR includes graphs of relevant historical data. This visual presentation
can b~ helpfu~ .in identifying trends and/or the timing of key changes which have impacted the City's _
financIal condItion. . .,
DESIGNATIONS OF FUND BALANCES
A. For Recycling Programs - Measure D Recycling Fuud
During the last eight fiscal years the City has received Mitigation and Recycled Product Grant Funds from
County Waste Management Authority (WMA), which are to be utilized solely for designated Recycling
Programs. All of these funds havebeen accounted for in the Measure D Recycling Fund. As of June 30,
2003, the City had a balance of $315,859, and added an $171,576 in mitigation funds received from
WMA, leaving a balance available of $487,435 as of June 30, 2004. These funds have been shown as a
separate restricted fund balance, in order to segregate them from the remainder of the Measure D Funds,
since they will be a.source of funding for enhanced recycling programs. The City Council is requested to
confirm the 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,
2004, to fund future year operations and projects for each of those funds with a positive fund balance.
The City Council is requested to confirm the designation for all funds with a positive fund balance as of
June 30, 2004, as part of accepting this report. .
c.
Other General Fund Designations of Fnnd Balance
.
The City Manager proposed, as part of his transmittal letter in the Preliminary Budget and Financial Plan
for Fiscal Year 2004-2005, estimated reserve amounts in the Fund Balance for the General Fund. Those
estimates were allocated for Capital Projects, Economic Uncertainty, and CIP Carryovers. The City
Council is requested to confirm these designations as part of accepting the final audit report, .as well as
setting up an additional reserve of $661,384 for Capital Projects, which could be used for rebuilding the
Shannon Community Cen~. The chart below reflects the actual amounts available for designation.
Desi nation Amount
$976 690
$390,531
$613524
$1 980 745
Additional Desi nations
$661 384
$661 384
Totals
$1638074
$390,531
$613 524
$2 642 129
CONCLUSION
Staff recommends that the City Council receive and file the reports and confIrm the designation of Fund
Balances as presented in the annual audit report.
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City of
Dublin
Dublin, California
Recommendations to Management
For the year ended June 30, 2004
·C&L .
Caporied 8< Larson
Certtfied Public A""D"nta,,'"
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C&L
Caporicci&Larson
Certified Public Accountants
To the Honorable Mayor and Members of City Council
of the City of Dublin
Dublin, California
•
In planning and performing our audit of the basic financial statements of the City of
Dublin (City) for the year ended June 30, 2004,we considered the City's internal control
to plan our auditing procedures for the purpose of expressing our opinion on the
financial statements and not to provide assurance on internal control.
However, during our audit, we noted certain matters involving internal control and
other operational matters that are presented for your consideration. This letter does not
affect our report dated November 24, 2004, on the financial statements of the City. We
will review the status of these comments during our next audit engagement. Our
comments and recommendations, all of which have been discussed with management,
are intended to improve internal control or result in other operating efficiencies. We
will be pleased to discuss these comments in further detail at your convenience, to
perform any additional study of these matters, or to assist you in implementing the
recommendations.
We wish to thank the members of the Finance Department and City management for
• their assistance during our audit.
This report is intended solely for the information and use of the City Council,
management, and others within the City.
ems. Z01,1"4---
Oakland,California
November 24,2004
•
•
Toll Free Ph:(877)862-2200 Toll Free Fax:(866)436-0927
Oakland Orange County Sacramento San Diego
180 Grand Ave.,Suite 1365 3184-D Airway Avenue 777 Campus Commons Rd.,Suite 200 4858 Mercury,Suite 105
Oakland,California 94612 Costa Mesa,California 92626 Sacramento,California 95825 San Diego,California 92111
City of Dublin
Recommendations to Management
For the year ended June 30,2004
Table of Contents
Page
• Computer Controls 1
•
City of Dublin
Recommendations to Management
For the year ended June 30,2004
COMPUTER CONTROLS
Observation
We noted during our audit that the City did not have a written disaster recovery plan, the
objective of which is to ensure the continuity of the City's operations in case of a disaster.
Recommendation
We recommend that the City's Information Technology Department develop a written disaster
recovery plan to ensure the continuity of the City's operations in case of a disaster.
City Response
The City currently maintains an off-site storage location for all City computer data files to
minimize the potential loss of important data. In addition, the City's Information Technology
Department will develop a written disaster recovery plan during Fiscal Year 2004-2005
•
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City o Dublin
Comprehensive Annual
Financial Report
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City of
Dublin
Dublin, California
Comprehensive Annual Financial Report
For the year ended June 30, 2004
C¡:'L
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Caporkd & Larson
Certified Public An:ul.mturtt.,-
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City of Dublin
Comprehensive Annual Financial Report
For the year ended June 30, 2004
Table of Contents
Page
INTRODUCTORY SECTION
Tabl e of Contents.................................. _.. _ _...... _.... _ _ _....................................................................................... _ __... i
Letter of Transmittal............... _ _ _ _ _ __ _... _.............. _............................................................... _ _.............. __................. v
Government Finance Officers Association (GFOA) Award.......__................................................................ Ix
Pri ncipal Officers.......................... _ _ __ _ _ _ _ _....... _.. _ _ _ _............................................................. _ _....... _ _..... __ _ _ __ __. _ _ _........x
Organizational Chart.........._.___ __.................................. ........ ...... ...........__............._.__.._____.................................... xi
FINANCIAL SECTION
Independent Auditors' Report .._...................__.................. .......... ........_................... .....__............................... ....1
Management's Discussion and Analysis ............. ............._......_____........................ ..... ..... ... .......... .... ... ............3
ßasic Financial Statements:
Government-Wide Financial Statements:
Statement of Net Assets .........................._....___._..... ........................ ...... .... ..... ..................___.........______....16
Statement of Aetivities and Chanr;es in Net Assets......................................______..__..........................18
Fond Financial Statements:
Gouernmental Fund Financial Statements:
Balance Sheet... ...... ........_...._..._.._........_..... .... ................ ..... ......... ....................___.____..........................22
Reconciliation of the Governmental Funds Balance Sheet
to the Government-Wide Statement of Net Assets..............................................................25
Statement of Revenues, Expenditures and Changes in Fund Balances...................................26
Reconciliation of the Governmental Funds Statement of Revenues,
Expenditures and Changes in Fund Balances to the Government-Wide
Statement of Activities and Changes in Net Assets..........................................___........____....28
Proprietary Fuud Financial Statements:
State men t of Net Assets.. ........... .............. .................._.__............._................... ..........................__.._.29
Stalement of Revenues, Expenses and Changes in Net Assets ................................................30
Sla tement of Cash Flows ........... ...................... ......................... ......... .... ...................________....____._....31
Fiduciary Fund Finaucial Statements:
Statement of Fid uciary Net Assets....... ..... ..... ..........._._.............................................................__..32
Index to Notes to Basic Financial Statements...........................................................................................33
Notes to Basic financial Statements ....................................................._....................................................35
City of Dublin
Comprehensive Annual Financial Report
For the year ended June 30, 2004
Table of Contents, Continued
Pag-e
FINANCIAL SECTIOJ'l¡. Continued
Basic Financial Statements, Continued:
Required Supplementary Information:
Budgets and Budgetary Accounting ........ .....__........................... ............................ ............. ........ ........58
Statement of Revenues, Expenditure, and Changes in Fund Balances -
Budget and Actua1..... ................. ......... ............ ..... ... ................... ..... ..................... ...........................59
Schedule of Funding Progress - Miscellaneous Plan of the California Public Employee
Retirement System .... ....... .... ...... .... ...... .....................__.......__........ __.___................__............... ............61
Supplementary Information:
General Fund:
Schedule of Budget versus Actual Revenues by Sources.................................................................61í
Schedule of Budget versus Actual Department Expenditures........................................................ 68
MajOI' Funds:
Schedule of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual:
Traffic Impact Fees Capital Projects Fund...................................................................................71
Public Facilities Fees Capital Projects Fund ................................................................................72
Park Dedication Capital Projects Fund .....__.................................................................................73
Fire Impact Fees Capital Projects Fund__......................................................................................74
Non-Major Governmental Funds:
Combining Balance Sheet ... ............. .... ....... ... ........ ........... ..........................__...__.. .......... .......................78
Combining Statement of Revenues, Expenditures and Changes in Fund Balances ....................84
Schedu.le of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual:
Special Criminal Activity Special Revenue Fund.__.__.................................................................90
Vehicle Abatement Special Revenue Fund....____.............__...........................................................91
Supplemental Law Enforcement Special Revenue Fund .......mm.............................................92
Federal Police Grant Special Revenue Fund ......................mm..m__.mm__m.....................__.........93
CLIP Grant Special Revenue Fund ......................................m..._..._______.__.m__.__..m.......................94
Traffic Safety Special Revenue fund...................................____...__...........____._____............__.____........95
State Gas Tax Special Revenue fund..................................................__.__......m.......mm__.__.......m96
CDBG Special Revenue Fund ......... .... ...........................................m ........... ..................................97
ISTBA Special Revenue Fund ..................__...........___......................... ........... ............................ ...... 98
FEMA Special Revenue Fund......................__.__.m..__.m...m..m......m.....m...m...............................99
Measure B Sales Tax Transportation Special Revenue Fund .m....__........m........m....mm........100
State Transporlation Improvement Special Revenue Fund ........m....__...................................101
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City of Dublin
Comprehensive Annual Financial Report
For the year ended June 30, 2004
Table of Contents, Continued
Page
FINANCIAL SECTION, Continued
Supplementary Information, Continued
Non-Major Govermnentall'unds, Continued:
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual, Continued:
Transportation for Clean Air Special Revenue Fund...............................................................102
Storm Water Runoff Special Revenue Fund..............................................................................103
Measure D Recycling Special Revenue Fund ............................................................................104
Garbage Service Special Revenue Fund.....................................................................................l05
Measure B Bike and Pedestrian Special Revenue Fund...........................................................l06
EMS Special Revenue Fund ....... ........................,..,,................ .................,............... .............."'." 107
Traffic Congestion Relief Special Revenue Fund......................................................................108
Housing and Noise Mitigation Special Revenue Fund ...........................................................109
Dublin !túormation Ine. Special Revenue Fund .......................................................................110
Street Lighting Special Revenue Fund .............................._........................................................111
Stagecoach Landscape Special Revenue Fund.........................................................................J12
Dougherty Landscape and Lighting Special Revenue Fund ................_.................................'] '13
Santa Rita Assessment District 97-1 Special Revenue Fund ...................................................114
Dublin Street Lighting Assessment Special Revenue Fund....................................................'115
lntemal Service Funds:
Combining Statement of Net Assets ............................................................_....................................118
Combining Statement of Revenues, Expenses and Changes in Net Assets .................,..............119
Combining Statement of Cash Flows................................................................................................'120
Agency Fund:
Statement of Changes in Net Assets .................................................................................................122
STATISTICAL SliCTION
Assessed Value of Taxable Property .......................................................................................................123
Schedule of 1993 Certificates of Participation Coverage ......................................................................124
Computation of Direct and Overlapping Debt ..............._......................................................................125
Computation of Legal Debt Margin ................................................................,.......................................126
Demographic Statistics,..............................,..,......................................"...................................·..·..·..····· ..127
Government Expenditures By Function All Government Fund Types..............................................128
Principall'roperty Taxpayers (Based on Secure 2003/2004 Tax Roll)....._..........................................129
III
City of Dublin
Comprehensive Annual Financial Report
For the year ended June 30, 2004
Table of Contents, Continued
Page
º_TATISTICAT. SI¡,ÇTION, Continued
Property Tax Rates - All Direct and Overlapping Governments .--.---..___............................__."___...............130
Property Tax Levies and Collections ...............__..__.___......................................._.................................._.__......131
Property Value. Construction and Bank Deposits .......------.-................................._.______............................._.132
General Govcmmental Revenues By Sources - All Governmental Fund Typcs ..............__....................133
Top 25 Sales Tax Producers ....................................._...........................______.................................__.______............134
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Honorable Mayor and
Membcrs of the City Council
Presented with this transmittal is the City of Dublin Comprehensive Annual Financial Report (CAFR) for the year ended
June 30, 2004. The information in this Comprehensive Annual Financial Report is prepared in accordance with
Generally Accepted Accounting Principles (GAAP) as established by the Governmental Accounting Standards Board
(GASB) and includes the report prepared by the City's independent ccrtificd public accountants. The responsibility for
the accuracy and fairness of this report rests with the City.
This repol1 has been formatted to comply with the new financial rcporting model developed by Governmental Accounting
Standards Board (GASB) Statement 34 and includes the following:
. Government-wide financial statements designed to provide readers with a broad overview of the City in a manner
similar to a private sector business, including a statement of net asscts and statement of activities. It is important to
note the fonowing regarding these statements:
o The Statement of Net Assets and Statement of Activities represent a comhination of all of the City's
funds, including the City's Generall'und and othcr Special Revenue and Capital Projects fonds which are
restricted in nature. Jnfornlation on individual funds can stilJ be found in the combining statements
contained in the CAFR.
o The amount reported as "unrestricted" in the net assct scction On the statement of net assets has been
designated for several General Fund projects previously authorized by Council, as discussed in additional
detail in the notes to the financial statements, in addition to funds previously designated for building and
equipment replacement (accounted for in the City's lntemal Service Funds).
o The amount reported as "invested in capital assets" in the net asset section on the statement of net assets
represents the portion of fixed assets to be depreciated over the remaining life of the assets and is not
available for funding of additional City projects.
o The amount reported as "infrastructure" only represents additions for the last thn,e Fiscal Years to the
City's infrastructure base, which includes road and park improvements. As one ofthe bigh priority goals
adopted by Council for Fiscal Year 2004.2005, Staff is planning to perfonn a complete inventory of the
City's infrastructure dating back to the City's incorporation in 1982, which once complete wilJ replace
the amount reported for infrastructure in the finaneials.
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To assist with an individual's review of the City's financial statements, a narrative section called the
Management's Discussion and Analysis (MDA) has been added. The MDA n."P0rts on the financial highlights of
the City and provides additional analysis on the variances and trends reported as part of the financial statements.
In addition. ¡hc MDA discloses significant items affecting the financial condition of the City.
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_/II~'!le of Proiect
Fire Stations 17 and 18
Widening of Dublin Boulevard
Freeway Undeæ."ss~.~.r:gject,__.."._
San Ramon Road Frceway Interchange
_1~Jprovements
Tassajara Road Frccway IntL'Tchangc
l!!,provements . '^'~"~_
Emerald Glen Park Phase II
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Bray Connll0n~~eighhorhood Park
Downtown Improvements
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Senior Center
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Fallon Road Freeway Interchange
J!!'Eovements
Expected COJ ]pletiop.DateJlY:F:IS.~.!II.xea':_n
Completed in 2003-2004
Completed in 2003:200~.__ ._._._....___....._..
Completed in 2003-2004
2004-2005
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ECONOMIC CONDITION AND OTJTLOOK
The City of Dublin is located at the interseetiol1 of Interstates 580 and 680 approximately 35 miles east of Sal1 Fral1ciscn.
The City has a wide range of housing types available to meet the demands of val'ious employers throughout the region.
Thc City has a large retail hase which serves local residents as well as those in surrounding communities. The largest
employers inc1ude: public agencies such as the County of Alameda and the Duhlin Unified School District; corporate
offices such as Franklin Resources, CalPinc, Micro D""tal Laboratories, Pacilie Bell, Supcrgc'1J and Sybase; retailers
such as Best Buy, Circuit City, Good Guys, Home Expo Design, Mervyns, Regal IMAX 21 Screen Theater and Target;
and auto dealers such as Crown Chcvrolet, Dublin Auto Centcr, Dublin Honda, Dublin Toyota, Ford of Dublin,
SlOneridgc Motors, and Tri Valley PontiaclBuicldGMC.
Rctail Sales are an obvious indicator of the general economic climatc. The General Fund Sales Tax in Fiscal Year 2003-
2004 increased by 5.7% over thc amount attributable to the prior ycar ($13.9 million in Fiscal Year 2003-2004 vs. $13.2
m;Uion j¡, Fiscal Ycar 2002"2003). A significant amount of the City's rctail sales are attributable to the sales ofncw and
med automohiles, which increased oVCr thc amount œported for the prior year. Thc City also cxperienced increased sales
in other retail sectnrs, including the City's Hacienda Crossings Shopping Center.
The future cconomic 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 hase. There is the ahility to accommodate
si~'Üificant new dcvelopment projects m the City's Eastern Dublin Specific Plan Area, as evidenced by several
dcvelopment agrccments entered into with the Alameda County Surplus Property Authority and the deve10pers for Dublin
Ranch during the past few fiscal years. The City has also initiated a number of actions to enhance the City's Downtown
with the approval of the AMB/Legacy project.
The economic outlook for the City of Dublin for Fiscal Ycar 2004-2005 continucs to bc impacted by the downturn in thc
State economy. As a result, thc City has reduced its estimated rcvenucs in some of its major revenue categories for Fiscal
Ycar 2004-2005, thc OnC exception being property taxes, due primarily to the continued residential growth occurring in
the eastern part ofthc City. The City anticipates that there will be sufficient reserves to cover any revenue shorttalls.
MAJOR INITIATIVES
The City of Dublin is an active and vihrant community, with a municipal government that is proactive and prepared to
respond to changes which arC occulTing. Each year the City Council adopts Goals and Ohjectives for the upcoming year
and evaluates the progress achicved on the goals previously established. The City's Goals and Objectives program is the
process by which the City Council fommlates major initiatives for the City.
In Fiscal Ycar 2003-2004, the City hegan or continued work on several capital projecb, including thc following:
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The market for new housing of all types continued to increase during Fiscal Year 2003-2004, with pcnnits issucd for 778
new residential units, an increase of 27% from the previous Fiscal Year. The valuation of"thcse ncw residential units was
estimated to be $243 million, adding to the City's taxahle assessed value for Fiscal Ycar 2004-2005. Non residential
activity decreased during Fiscal Year 2003-2004.
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ACCOUNTING SYSTEM ANlJ BUlJGETARY CONTROL
Note I in the Basic Financial Statements provides a detailed explanation of the signitícant accounting policies. 111
developing and evaluating the City's accounting system, eonsitkration is given to the adequacy of controls. Internal
accounting conh'ols 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 likcly to be derived and that the evaluation of costs and beneííts
require estimates and judgn1ents by management.
The City Manager develops and presents a budget for approval by the City Council on an annual basis. The budget
includcs appropriations for both operating programs and capital improvement projects. The budget is approved by budget
activity based upon the id~-nti[¡ed funding sources. Tlie adopted accounting procedures authorize the City Manager to
make budget adjustments between line items which are within the same Department and/or t.o authorize rransters ¡¡-om tlie
Contingent Reserve. ExpenditUl'es may not exceed budgeted appropriations at the departmental level without City
Council approval, excepl as provided for in tlie City Council resolution adopting the budget
DEBT ADMINISTRATION
The City has no outstanding General Obligation debt However, the City does administer funds for debt issued pursuant
to the 1915 In1provement Act for the Dublin Boulevard Extension Assessment District The total amount of assessment
dcbl outstanding at June 30, 2004 is $1,452,000. This amount is repayabk from property assessments levied on
properties benefiting trom lhe improvements, and the City has no legal, cunting~'TIl or moral obligation for the repayment
oflhis dcbt. Revenues collected were sunIcient to finance al1 required debt service expenditures for the year ending June
30, 2004. There were no material delinquent assessment revenues at year end.
RISK MANAGEMENT
The City of Dublin is a member of ABAG PI ~AN Corporation. This is a public agency pool providing liability insurance
coverage to many Bay Area cities. The coverage Jim it for Fiscal Year 2003-2004 was $10 million pet· occurrence for
general liability claims, which does not COVer damage resulting ¡¡'om an earthquake. The City of Duhlin 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 witb GASB 10, the City established a liability of $137,210 for claim deductibles. This includes
a provision for losses which may be "incutTed but not reported" (lBNR). The actual cost for liability claims paid by the
City for Fiscal Y car 2003 -2004 was $54,247.
CASH MANAGEMENT
Cash temporarily idle during the year was invested in accordance with adopted investment policies. The City's yield on
all of its investments as of .June 30, 2004 was 2.826'Yo. As of June 30, 2004, the City's portfolio of Federal Sccurity
investments had an average weighted mahlrity of 3.2 years. 1n addition, the City has sutÌlcient investments in the Slate's
Local Agency InveshTIent Fund (LAlF) and money markct accounts, which offer same day liquidity.
The City has positioned its cash needs to allow it to hold all securities to matnrity. On a quarterly basis the City Council
is provided with a report On investment activity. The investment strategy emphasizes thc safety of the portfolio and
liquidity (0 match anticipated cash flow needs. The portion of the portfolio containing U.s. Notes and Agency
Obligations does not include any repurchase agreements.
INDEPENDENT AUDIT
Each year thc City of Dublin obtains an independent annual audit of the City's financial records. The infom1ation
presented includes a rcvicw of op~')"alions 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) has recognized the City of Dublin for its Comprehensive Annual
financial Report covering the period ending JUIte 30, 2003. A copy of the award from this entity is included in this
r~"p0rt. This award represents the fourteenth consecutive year that the City's report was recognized by the GFOA. In
order to be reeogniz.ed, the City was required to produce an easily readable and etlicicntly organized report. The report
must also meet the standard tor generally accepted accounting principles and legal requirements.
vii
ACKNOWLEDGMENTS
Among the responsibilities assigned to the Adnrinistrative Services Department are the functions associated with Finance.
It is especially appropriate to recognize the efforts of Administrative Analyst Lisa Hisatomi, Finance Technicians Lynn
Hanington, Katie Mooney and Diane Stanley and Office Assistants Wanda Oppenheim and Rebecca Roberts in preparing
this report.
The City is fortunate to have these dedicated staff members who devoted extensive timc and energy in preparing such a
comprehensive report. The City has had its financial reports recognized by GFOA for many 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 Caporicci & Larson, Certified Public Accountants, 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,
Fred W. Marsh
Finance Manager
~
(:;~ ~
Carole A. Perry
Administrative Services Director
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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, 2003
A Certificate of Achievement for Exe.lI.nee in Financial
RcpOJiing is pTesented by the Government Finance Officers
Association of the United State< and Canada to
govermncnt units and public employee reÖTement
systems whose comprehensive aJlliual financial
roports (CAFRs) achieve tho highest
standards in governmcI1t accounting
and [mancial reporting.
~
President
fl#r/~
Executive Director
tX
CITY OF DUBLIN
PRINCIPAL OFFICERS
June 30, 2004
Mayor
J anct Lockhart
Vice Mayor
George Zika
Councilmember
Tony Oravetz
ADMINISTRATION PERSONNEL
City Manager
Assistant City Manager
Administrative Services Director
City Attorney
City Clerk
Chief of Police
Puhlic Works Director
Community Development Director
Parks & Community Scrviccs Director
Fire Chief
x
Councilmember
Clalldia McCormick
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Councilmember
Tim Sbnmti
Richard Ambrose
Joni Paltillo
Carole Perry
Elizabeth Silver
Kay Kcck
Gary Thuman
Melissa Morton
Eddie Peahody
Diane Lowart
Bill McCammon
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T"i.~· page inrentionally left blank.
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IC&L
Caporicci & Larson
CerNßed Public Accountants
INDEPENDENT AUDITORS' REPORT
To the Honorable Mayor and Members of the City Council
of the City of Dublin
Dublin, California
We have audited the accompanying financial statements of governmental a(tivities, each major fund, and
the aggregate remaining fond information of the City of Dublin, California (City), as of and for the year
ended Jone 30, 2004, which rolle(tively comprise the City's basic fimillcial statements as listed in the table of
content8. These financial statements are the responsibility of the City's management. Our responsibility is
to express an opinion on these basic financial statements based on our aodit.
We conducted oor audit in accordance with generally accepted auditing standards in the United States and
the standards appli(able to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that We plan and perform the audit to
obtain reasonable assuranœ about whether the basic financial statements are free of material misstatement.
An audit includes examining, on a test basis, evidence supporting the amount8 and disclosures in the basi(
finandal statements. An audit also inclodes assessing the accounting prindples used and significant
e8timates made by management, as well as evaluating the overall basic financial statement presentation.
We believe that our audit provides a reasonable basis fur our opinion.
In our opinioo, such ba,ic financial statements referred to above prŒent fairly, in all material respects, the
financial position of the governmental activities, each major fund, and the aggregate remaining fund
information of the City as of June 30, 2004, and the respective (hanges in financial position and cash flows,
where applicable, thereof for the year then ended in conformity with generally accepted a(counting
principles in the United States.
As described in Note 4 to the basic financial statements, the City has elected in accordance with
Governmental Accounting Standards Board Statement No. 34 to defer recording and reporting of its major
general infrash'ucture assets acquired prior to fiscal year 2001-2002. Recording and reporting by the City of
these major general infrash'ucture assets is required by fis(al year 2005-2006.
In accordance with Government Auditing Standards, we have also issued our report dated October 11,2004, on our
consideration of the City's internal control over financial reporting and on OUr tests of its compliance with
certain pmvisicms of laws, regulations, contracts, and grants. That report is an integral part of an audit
performed in accord,mce with Government Auditing Standards ,md should be read in conjunction with this report
in considering the results of our audit.
The a(wmpanying Required Supplementary Information, sucl, as management's discussion and analysis,
budgetary (omparison information and other information as listed in the table of content, are not a
required part of the basic financial 8tatements but are ,upplementary information required by the
Governmental Accounting Standards Board. We have applied certain limited procedures, which wnsi8ted
"roll Pt'CC 1-'h: (877) 862-2200
Toll F~e Fax: cR(Ú> 43(i-0927
SaawnCl;I.to SJb:i. DHJ(D
777 Canl 1u.~ Ctlr'tjr'ljl)rl~ Rd., S.uilC 200 60u "8" SU~~l,Suitc IVUO
SaCL'affie=nto, Ca1:U'o¡'I'Lia 9~M2~ San Diego. Callfurnla 9210 J
Ol .'k:land
IHO (;TatldAvl.:.,SLJitl:: 1365
uak1and, Califomja 91612
Oi'art~ CI:IlI.nty
~184-(J Alrway Avenue
(.l1~t.. M~s,a. California 926£6
To the Honorable Mayor and Members of the City Council
of the City of DubJin
Dublin, California
Page 2
principally of inquires of management regarding the methods of measurement lmd presentation of the
Required Supplementary Information. However, we did not audit the information and express no opinion
on it.
Our audit waS conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City's basic financial statements. The accompanying supplementary information is presented
for purpose of additional analysis and is not a required part of the basic financial statements. The
supplementary information has been subjected to the auditing procedures applied in the audit of the basic
financial statements and, in our opinion, are fairly stated in all materiaJ respects in relation to the basic
financial statem"'nts taken as a whole. The introductory section and statistical tables have not been
subjected to the auditing procedures applied in the audit of the basic financial statements and accordingly,
we express no opinion on them.
~~'1~
Oakland, California
November 24, 2004
2
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CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30, 2004
As management of the City of DUblin (City), we offer readers of the City's financial statements this narrative
overview and analysis of the financial activities of the City for the fiscal year ended June 30, 2004. Please read
this overview in conjunction with the accompanying letter of transmittal and the accompanying basic financial
statements.
FINANCIAL HIGHLIGHTS
o During Fiscal Year 2003·04, the City's net assets, representing the difference between total assets and
total liabilities, increased by $22.9 million to $168.5 million from $145.6 million in Fiscal Year 2002-03.
The increase primarily resulted from higher than expected General Fund revenues and lower than
expected General Fund expenditures, and the receipt of impact fees due to new development occurring
within the City to be used to build two new fire stations and fund future improvements to the City's
infrastructure, including its parks and streets.
o Of the total net assets, $80.1 million represents its investments in capital assets, $37.5 represenl.;. net
assets restricted by outside agencies and state regulations for specific purposes and $50.9 million of
unrestricted net assets may be used to meet the government's ongoing obligations to its citizens and
creditors.
o As discussed in the notes to the financial statements, much of the $50.9 million of unrestricted net assets
includes the unreserved portion of General Fund balance which has either been designated for future
equipment replacement or that has been designated by Council for use on several future projects and to
cover economic uncertainties. This represents an Increase of $.5 million over Fiscal Year 2002-03.
o Total revenues from all sources were $58.7 million and total expenditures for all City programs were
$35.8 million.
o For Fiscal Year 2003"04, the City had no long term debt outstanding at June 30, 2004.
o As of June 30, 2004, the City's governmental funds reported combined ending fund balances of $80.2
million, a Increase of $2.7 million in comparison with the prior year. The increase in combined ending
fund balances is primarily attributable to higher than expected General Fund revenues and lower than
expected General Fund expenditures, and the receipt of impact fees due to new development occurring
within the City.
o The unreserved portion of fund balance in the City's General Fund balance decreased to $42.7 million As
discussed in the notes to the financial statements, the entire amount has been designated by Council for
use on several future projects and to cover economic uncertainties.
o During Fiscal Year 2003-04, the General Fund revenues exceeded its expenditures by $661,892.
o Actual Revenues in the General Fund were over its final budget by $1.4 million primarily due to larger
than expected collections from sales taxes and building permits.
o Actual expenditures were under its final budget by $3.5 million largely due to capital projects being carried
over to Fiscal Year 2004-05 and lower than expected use of contract personnel in the Planning and
Building divisions.
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the City's basic financial statements, which
are comprised of three components:
o Government-wide financial statements - These include the Statement of Net Assets and Statement of
Activities. These statements provide information about the activities of the City as a whole and about the
overall financial condition of the City in a manner similar to a private-sector business. These statements
are described in more detail in a subsequent section in this MDA and can be found on pages 22·23 of this
report.
3
CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30, 2004
. Fund financial statements - These statements provide additional information about the City's major
funds, including how services were financed in the short term and fund balances available for financing
future projects. These statements are described in more detail in a subsequent section of this MDA and
can be found on pages 25-36 of this report.
. Notes to the Financial Statements - The notes provide additional detail that is essential to a full
understanding of the information provided in the government-wide and fund financial statements. The
notes Can be found on pages 37-59 of this report.
A. Government-Wide Financial Statements
These statements include all assets and liabilities of the City using the accrual basis of accounting, which is
similar to the accounting used by most private sector companies. All current year's revenues and expenses are
accounted for regardless of when the cash is paid or received.
These statements report the City's net assets and changes in them. Net assets, the difference between assets
and liabilities, are one way to measure the City's financial position. Over time, increases or decreases in net
assets are indicators of whether the financial condition of the City is improving or deteriorating. However, it is also
important to consider other non-financial factors, such as changes in the City's property tax and sales tax bases
or in the condition of the City's infrastructure (I.e. parks and streets), to accurately assess the overall health of the
City.
These statements present information about the City's activities, all of which are considered governmental in
nature. These include services provided for police, fire, community development, streets and culture and leisure.
These services are funded from monies received from property, sales, and other taxes, direct charges for
services provided, grants, contributions from other agencies and impact fees collected from new development.
B. Fund Financial Statements
These statements provide more detailed information about the City's major funds. A fund is a grouping of related
accounts that is used to maintain control over reSOurces that have been segregated for specific activities or
objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate
compliance with finance-related legal requirements. All of the funds of the City can be divided into three
categories: governmental funds, proprietary funds, and fiduciary funds.
Governmental funds Governmental funds are used to account for essentially the same functions reported as
governmental activities in the government-wide financial statements. However, unlike the government-wide
financial statements, governmental fund financial statements focus on near-term inflows and outflows of
spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such
information may be useful in evaluating a government's near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is
useful to compare the information presented for governmental funds with similar information presented for
governmental activities in the government-wide financial statements. By doing so, readers may better understand
the long-term impact of the government's near-term financing decisions. Both the governmental fund balance
sheet and governmental fund statement of revenues, expenditures, and changes in fund balances provide a
reconciliation to facilitate this comparison between governmental funds and governmental activities.
The City maintains thirty one individual governmental funds. Information is presented separately in the
governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and
changes in fund balances for the General fund and for all of the City's Capital Project Funds, as they either qualify
or the City requested them to be classified as major funds due to their significance in the financing of new capital
assets. Data from the other twenty six governmental funds are combined into a single, aggregated presentation.
Individual fund data for each of these non-major governmental funds is provided in the form of combining
statements elsewhere in this report.
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CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30, 2004
The City adopts an annual appropriated budget for each of ils governmental funds. A budgetary comparison
statement has been provided for each governmental fund to demonstrate compliance with this budget.
Proprietary funds The City maintains one type of proprietary fund. Internal service funds are an accounting
device used to accumulate and allocate costs internally among the City's various functions and to build up
reserves for future replacement of capital assets. The City uses internal service funds to account for its fleet of
vehicles, computer systems, other furniture and equipment, retiree health employee costs and contributions. and
improvements to City buildings. Because these services solely benefit the governmental function, they have been
included within governmental activities in the government-wide financial statements.
Proprietary fund financial statements provide the same type of information as the government-wide financial
statements, only in more detail. All four internal service funds are combined into a single, aggregated
presentation in the proprietary fund financial statements. Individual fund data for the internal service funds is
provided in the form of combining statements elsewhere in this report.
Fiduciary Funds The City acts as a trustee, or fiduciary, in collecting assessments and remitting bond payments
for one Assessment District. The City has no legal, contingent or moral obligation for the repayment of this debt
and merely ensures that the assets received are used for their Intended purposes. Therefore, these fiduciary
activities are excluded from the City's fund financial statements because these assets cannot be used to finance
operations. The activity for this fund, however, is provided for in a separate combining statement contained
elsewhere in this report.
C. Notes to the Financial Statements
The notes provide additional detail that is essential to a full understanding of the information provided in the
government-wide and fund financial statements. The notes can be found on pages 37-59 of this report.
D. Other Information
In addition to the basic financial statements and accompanying notes, this report also presents certain required
supplementary information concerning the City's progress in funding its obligation to provide pension benefits to
its employees. Required information can be found on pages 61-64 of this report.
The combining statements referred to earlier in connection with non"major governmental funds and internal
service funds are presented immediately following the required supplementary information on pensions.
Combining and individual fund statements and schedules can be found on pages 65-122 ofthis report.
GOVERNMENT-WIDE FINANCIAL ANALYSIS
The City's combined net assets for the Fiscal Year ended June 30, 2004 was $168.5 million. A significant portion
of the City's net assets ($80.1 million or 48%) reflects its investment in capital assets (e.g. land, infrastructure,
buildings, equipment). The City uses these capital assets to provide services to citizens; consequently, these
assets are not available for future spending.
An additional portion of the City's net assets ($37.5 million or 22%) represents resources that are subject to
external restrictions on how they may be used. The remaining balance of unrestricted net assets ($50.9 million or
30%) may be used to meet the government's ongoing obligations to citizens and creditors. It should be noted,
however, that the entire balance has previously been designated by the City Council for future projects, including
replacement of buildings and equipment, as described in additional detail in the notes to the financials.
5
50,944,311
$168,450146
50,859414
$145,540,041
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CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30, 2004
Table 1 below summarizes the City's net assets.
TABLE 1
Governmental Activities
June 30 200 June 30
Total Liabilities
Governmental activities. The charts below summarize major expenditure program categories, program
revenues used to fund specific expenditure programs, and general City revenues available for funding all City
programs.
TABLE 2
Expenses Pro!1ram Revenues Net Cost of Actlvltv
Governmental Activities 2003-2004 2002-2003 2003-2004 2002-2003 2003-2004 2002-2003
General Government $ 6,288,136 $ 6.135344 $ 2603 $ 553145 $ 6,285,533 $ 5,582,199
Public Safety 17,135,716 14.026216 1 252 129 1661815 15883587 12 364,401
Community Development 6,113,171 5,334,646 6135027 5182361 (21856 152,285
Highways and Streets 939,260 15,187,872 9103.665 13751 247 (8 164405 1,436,625
Health and Welfare 3,755,564 1,349,228 3 746,021 4439547 9543 (3090319
Culture and Leisure 1,603,494 4,730,430 7,487,144 4.186700 (5 883 650\ 543 730
Totals $ 35,835,341 $ 45,763 736 $ 27 726 589 $ 29774815 $ 8 108752 $ 16988921
Net CO$t of Actlvltv
General Revenues: 2003-2004 2002-2003
Prooertv taxes $ 11 422 308 $ 10783414
Sales tax 13940263 13193407
Vehicle License Fee 1682152 2 072 440
Other taxes 2 865 225 1 774042
Interoovernmental 146841
Unrestricted interest eaminos 799,008 1710903
Other 163 060 398413
Total General Revenues $ 31018857 $ 30 649 702
Increase in Net Assets $ 22910106 $ 13660781
Net Assets" Beqinninq of Year $ 145540041 $ 131,879 260
Prior Period Adiustment
Net Assets - End of Year $ 168,460,146 $ 146,640041
6
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CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30, 2004
----..
Revenues by Source (In Millions)
Total Revenues $58.7 Million
Othe r Taxes "
7.8% $4.1\
Charges for
____ Services - 20.6%
$12.1
Other Revenues·
1.9% $1.1
Sales Tax -
23.7% $13.9 ----
Property Taxes -
19.4%$11.4
~ Cont/Grants
- 26.6% $1 5.6
Expenses by Program (In Millions)
Total Expenses - $35.8 Million
Health and
Welfare - 10.5%
$3.8
General
____-Government ~
.---.---- 17.5%$6.3
Community
Development --_,_
17.1%$8.1
Culture Leisure
4.5% $1.6
Highways and
Streets - 2.6%------
$0.9
Public Safety
47.8%$17.1
..-....-."..-
7
CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30, 2004
Governmental activities increased the City's net assets by $22.9 million, thereby accounting for all of the total
growth in the net assets of the City. Key elements of this increase are as follows:
· The City collected Over $11.4 million in development impact fees in its Governmental funds, which will be
used to fund future streets and parks improvements and the completion of construction of two new fire
stations.
· During Fiscal Year 2003-2004, the City transferred $973,611 worth of capital assets to its Equipment and
Building Replacement Internal Service Funds. These had all previously been fully expensed in its
General and Capital Project funds. This transfer was recognized as a contribution revenue in the
Equipment and Building Replacement Internal Service Funds.
· The City continued to see significant increases in General Fund property taxes collected resulting from
the significant amount of commercial and retail growth that occurred during the last three fiscal years and
large increases in housing prices.
· Total General Fund sales taxes and property taxes increased from the prior year as the City continued to
experience strong retail saies from its automotive dealers and at its retail shopping centers and continued
to experience residential growth.
FINANCIAL ANALYSIS OF THE GOVERNMENT'S FUNDS
As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal
requirements. As of June 30, 2004. the City's governmental funds reported combined ending fund balances of
$80.2 million, an increase of $2.7 million over the prior year.
Of the increase, $3.0 million occurred in the City's Public Facility Fee Capital Projects Fund and $661,892 in the
City's General Fund. These increases were partially offset by a $453,987 decrease in the Traffic Impact Fees
Capital Projects Fund. a $98,963 decrease in the Park Dedication Fees Capital Projects Fund and a $735,641
decrease in the Fire Impact Fees Capital Projects Fund. As discussed in the notes to the financial statements,
the entire amount of the General Fund has been designated by Council for uSe on several future projects and to
cover economic uncertainties.
GENERAL FUND
The General Fund is the Chief operating fund of the City. At the end of Fiscal Year 2003-04, unreserved fund
balance of the General Fund was $42.7 million and total fund baiance of the General Fund was $44.6 million. Ag
discussed in Note 7 to the financial statements, the entire amount of unreserved fund balance has been
designated by Council for use on several future projects and to COver economic uncertainties.
During Fiscal Year 2003-04, the General Fund revenues exceeded its expenditures by $661,892. This includes
$613,524 in carryovers for various capital projects and other one time expenditures. The primary reasons for the
variance was due to higher than expected sales tax collections and higher than expected building permit revenue
related to new development projects occurring within the City, and lower than anticipated operating and CIP
expenditures.
Significant changes in Revenues and Expenditures that affected this increase in General Fund balance are as
follows:
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CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30,2004
a. Revenue Highlights
Property Taxes increased over the prior year due to new residential and commercial units (mostly in Eastern
Dublin) constructed in Fiscal Year 2002-03 and included for the first time on the 2003-04 lax roll. In addition,
there continued to be a general overall increase in property values in the City due primarily to a strong housing
market The City's taxable assessed value increased from $4.3 billion in Fiscal Year 2002-03 to $4.9 billion in
Fiscal Year 2003-04, a 14% 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.
Taxes Other Than Property increased from the prior year primarily due to an increase in sales tax collections
experienced at the City's major retail outlets including Hacienda Crossings.
Licenses and Permits increased from the prior year due to additional revenue received from the issuance of
building permits for new residential and commercial units.
Revenue from Use of Money and Property decreased from the prior year primarily due to a temporary decline
in market value on some of the City's longer term investments in U.S. securities. The City intends to hold these
investments until their maturity and therefore receive the full amounts invested at their maturities.
Intergovernmental Revenues - State are lower than in the prior year due to the State withholding three months
of Vehicle License Fee backfill payments to the City due to State budget problems.
Other Revenues showed an increase over the previous year due to reimbursements received from other entities
for expenditures incurred on the undergrounding of utilities on a portion of Dublin Boulevard.
b. Expense Highlights
General Government expenditures increased over the prior year due to increased personnel costs in all divisions
(including full year funding of positions added mid way in Fiscal Year 2002-03), in addition to the transfer of the
GIS Coordinator from the Engineering division to the Administrative Services Department.
Public Safety costs increased over the prior year due to increased Police expenditures resulting from a cost of
living adjustment from Alameda County for contract Police personnel. Fire expenditures also increased due to
additional staffing needed for the opening of a new fire station and a cost of living adjustment from the Alameda
County Fire Department for existing contract fire personnel.
Highways and Streets expenditures increased over the prior year due to increased personnel costs in Public
Works Administration division and higher costs incurred for street tree and landscape maintenance.
Culture and leisure Services expenditures increased Over the prior year due to higher expenditures for park
maintenance and contract library services and additional expenditures incurred for Parks and Community
Services programs and other special events, including the annual St. patrick's Day and Day on the Gien
celebrations and concerts at the Civic Center.
Community Development expenditures increased over the prior year due to additional time spent by consultants
on various development projects and contract building inspection services for new residential units, primarily in
the Eastern Dublin Specific Plan area. The time spent on development projects are reimbursed by the project
applicant and offset by revenue.
Capital Outlay increased from Fiscal Year 2002-03, primarily due to expenditures incurred on the construction of
a new senior center. Due to the one-time nature of capital projects, fluctuations from year to year are common.
9
CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30,2004
c. Budgetary Highlights
Over the course of the year, the City Council revised the City budget with adjustments that fall into one of the
following three categories:
· Changes made to adjust appropriations for capital project carryovers from the prior year
· Changes made in the mid year report to adjust revenues and augment current year appropriations
· Other revenue and expenditure adjustments approved after the original budget was adopted.
Budget adjustments approved by Council during Fiscal Year 2003-2004 included the following:
· Reduction in Vehicle License Fees to be received from the State
· Construction of Emerald Glen Fire Station
· Capital project carryover of unspent budgeted funds from Fiscal Year 2002-03
· Construction of Traffic Signals at Central Parkway and T assajara Road
· Civic Center Building Remediation repair expenditures
After taking into account these adjustments, actual expenditures were $3.5 million lower than final budget
amounts. Of the total, $2.4 million related to either capital projects whose final costs were lower than were
originally anticipated or were carried over to Fiscal Year 2004-05. Most of the other budget to actual variances
were due to either delays in development occurring within the City (some of which will be carried over to Fiscal
Year 2004-05) or department labor savings created by vacant positions.
CAPITAL PROJECTS FUNDS
The City's Capital Project Funds (all of which the City classifies as Major funds), consist of the Traffic Impact
Fees, Public Facilities Fees, Park Dedication Fees and Fire Impact Fees funds. These funds account for fees
received from developers due to the impacts placed on the City resulting from their new developments. The
funds received from developers are used to pay for required infrastructure, including additional streets, parks,
public and fire station facilities. At the end of Fiscal Year 2003-04, total fund balance of these funds was $22.5
miilion, as listed below:
Fund Name
.~.. ,...--- ---.
Trafffic 1m act Fees
Public Facilities Fee
.-- -.
Park Dedication Fees
-..........---
Fire 1m act Fees
Total
n_.'.._'"..
As discussed in the notes to the financial statements, the entire amount has been designated by Council for use
on various capital projects in the City's five year capital improvement program. During Fiscal Year 2003-04, the
Capital Project funds revenues exceeded their expenditures by $1.7 million, as listed below:
Fund Name
Tr<l!!!i~Jlllpact Fees
Public Facilities Fee
~'---~", .-..,,", .-'.,-'.'-""
Park Dedication Fees
Fire 1m act Fees
Total
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CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30, 2004
The capital project fund revenues collected during the year and existing fund balances were used to pay for the
following major capital projects during Fiscal Year 2003-04
Traffic Impact Fees
· Design of the Fallon Road Interchange and construction of two interchanges
· Construction for the Widening of Dublin Boulevard
· Design of Improvements to Dougherty Road
Pubiic Facilities Fees
· Construction of Emerald Glen Park Phase II
· Construction of Bray Commons Neighborhood Park
Fire Impact Fees
· Construction of two new fire stations
PROPRIETARY FUNDS
The City's proprietary funds (i.e. internal service funds, consisting of the Equipment Replacement, Fire Equipment
and Station Replacement, Building Replacement and Retiree Health Care Internal Service Funds) provide the
same type of information found in the government-wide financial statements, but in more detail. Unrestricted net
assets in the City's proprietary funds at June 30, 2004 totaied $8.2 million, as listed below:
Fund Name
",..--..,,,..,...-..
.Eqt,Jlp!!1~.DtRe lacement
Fire Equipment and
Station Re lacement
Buildin Re lacement
-- .~,=""',.,.
Retiree Health Care
--..-..----....
Total
unrestrict....d Net Assets
$1,604,153
1,417,263
~_,347,012
3,848,696
$8,21,I.124
-----,.,...'-"..,.....- ','~--
Council has designated the entire $8.2 million for future replacement of equipment. vehicles and building
improvements. The total growth in net assets for Fiscal Year 2003-04 was $466,333, as listed below:
Fund Name
__n___...
E ui ment Re lacement
Fire Equipment and
Station Re lacement
'"' ,.'. ....-.---.--
Buildin Re lacement
Retiree Health Care
Total
Capital Asset and Debt Admlnlstrstlon
Chan e in Net Assets
$ 192,.ª47.. ....-
39,352
1}~,oill
365,185
466,331..
Capital assets. The City's investment in capital assets for its governmental activities as of June 30, 2004,
amounts to $80.1 million (net of accumulated depreciation). This investment in capital assets includes land and
streets right of way, buiidings, park and roadway improvements, vehicles and other equipment and construction in
progress, as summarized in the schedule bellow. During the current fiscal year, the City's investment in capital
assets increased by approximately $19.1 million (31.3%).
11
CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30, 2004
TABLE 3
Governmental Activities
June 30 2004 June 30 2003
10,204,002 9,775002
5,558,024 3,170,886
9,352,584 9,326,319
13,547,539 1,723,074
39,211,917 34,340,710
2,176,644 2,680,651
$80050710 $61 016,642
Major capital asset events during the current fiscal year included the projects listed below:
TABLE 4
, qapital Project _
Emerald Glen Park Fire Station
-..".... . -....--..-------.".--.
Fallon Fire Station
, -ºol¡yntown Improvement 1m lementation
Emerald Glen Park - Phase II
----... ..-----.-..----".". ....
Bra Commons Nei hborhood Park
Senior Center
1-580 San Ramon Road Int~~b;¡nge ,
1-580 Tassáara Road Interchan e
1-580 Fallon Road Interchan e
..~ .. .-.....'--..' .'- . ..-
Dublin Boulevard Widening -
Villa e Parkwa to Sierra Court
Fiscal Year
2003-2004
Ex enditures
$1.254,014
$90,715 ,,- '.'
$260,595
~~,248,060
$1 ,¿6Õ-,~726
$1,637,713
$1,798,788
$1,131,i70
$465,265
$1,601.073
Status of Pro ect
COIT1P(et~_. ,._
Com lete
In Pro ress
JI1_£,rQ9'!:~s~,,______.,
In Pro ress
In Pro reSs
,In progress
I n Pro ress
I n Pro ress
I n Progress
...-.".--..--...,
Additional information on the City's capital assets Can be found in Note 4 of this report
Long-term debt
At the end of Fiscal Year 2003-04, the City had no debt outstanding. State statutes limit the amount of general
obligation debt a governmental entity may issue to 15 percent of its total assessed valuation. The current debt
limitation for the City is $741.3 million. Additional information on long-term debt is located In note 5 of this report
Economic Factors ilnd Next Year's Budgets
Given the state of the local economy and the amount of deficits being forecast as part of the State's budget,
caution was exercised in developing the City's budget for Fiscal Year 2004-05. The City's adopted budget for
Fiscal Year 2004·05 for all funds was $92.2 million, which includes an appropriation of $45.1 million for
operations, $39.0 million for Capital Projects, a $45 million loan to a private developer for an affordable housing
project and $3.6 million set aside to reserves. The amount budgeted for operations represents an increase of
approximately 22% over Fiscal Year 2003-04 and is primarily due to projected increases in personnel costs,
contract public safety services, continued consultant costs relating to new development occurring within the City,
the continuation of some major capital projects from Fiscal Year 2003-2004 and the addition of several new
capital projects.
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CITY OF DUBLIN
Management's Discussion and Analysis (MDA)
June 30, 2004
Major Capital Projects funded for Fiscal Year 2004-05 include work on the following capital projects:
· Downtown Improvements
· Completion of Bray Commons Neighborhood Park
· Completion of Improvements to two freeway interchanges
· Construction of Fallon Road Interchange
· Completion of improvements to and purchase of land for Emerald Glen Community Park, Phase II
· Completion of a new senior center
· Park Play Area Renovations
· Dublin Sports Grounds Renovation
· Dougherty Road improvements
· St. Patrick's Way - Regional Street to Golden Gate Drive
· Completion of Dublin Boulevard Widening - Village Parkway to Sierra Court
Primary funding sources for these projects include one time grants, impact fees received from new development
and one time General Fund reserves set aside for these projects.
Requests for Information
This financial report is designed to provide a general overview of the financial position of the City for all those with
an interest in the government's finances. Questions concerning any of the information provided in this report or
requests for additional financial information should be addressed to the following address: City of Dublin, Finance
Department, 100 Civic Plaza, Dublin, CA 94568.
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GOVERNMENT-WIDE
FINANCIAL STATEMENTS
15
Unrestricted
Total net asset.
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Governmenta 1 I
Activiti~s
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$ 99,624,742 I
3,807,161
613,401
7,362 I
128,256
104,180,922
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10,204,002 I
5,558,024
<),352,584
13,992,954 I
47,410,39J
5,529,296 I
(11,996,54] )
80,050,7JO
184,231,632 I
12,015,384 I
<)71,167
2,246,123 I
412,110
137,210
15,781,994 I
80,050,710 I
320,355
24,335,763 I
2,476,957
10,322,050
37,455,125 I
50,<)43,803
$ 168,449,638 I
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City of Dublin
Statement of Net Assets
June 30, 2004
ASSETS
Current assets:
Cash and investments
Accounts receivable
Accrued mterest receivable
Prepaids
Other assets
Tow I current a.ssets
Noncurrent assets:
Capital assets (non-depreciable):
Land
Streets right of way
Construction in progress
Capital assets ( depreciable):
Jnfrastructure
Buildings and improvenlt:~nts
Machinery and equipment
Less accunlulated depredation
Total noncurrent assets
Total assets
UABILlTIES
Current liabilities:
Accounts payable
Accrued wages
Deposits payable
Contract retention payable
Liabilities insurance cJaims payable
Total Habilities
NET ASSETS
Invested in capital assets
Restricted for:
Public safety
Impact fee projects
Highways and streets
Health and welfare
Total restricted
Sc~ acc.ompanying Notes to Basic Financial StaLcmc=nLIIì.
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17
City of Dublin
Statement of Activities and Changes in Net Assets
For the year ended June 30, 2004
Prog-ram Revenues
Oper"ting Capital
Charges for Contributions Contributions
Expenses Services and Grants and Grants
Governmental activities:
Genera] g(JV~rnOlC{lt $ 6,288,645 $ 2,603 $ $
Public safety 17.135,716 851,864 124,577 275,688
Highways and streets 939,260 2,321,473 6,782;t 92
Health and welfare 3.755,564 ,558,930 114,S17 2,072,574
Culture and leisure 1,603,494 1,252,866 6.234,278
Community deve10pnwnt 6,1l3,17] 6,] 35,027
Total governmental activities $ 35,835,849 $ ]2,122,763 $ 239,094 $ 15,364,732
See accompl:mying Notes to Basiç Financial Statement..;;.
1R
General revenues:
Taxes:
Property taxes
Sales tax
Vehide license fee
Other
Tota I taxes
[nœrgovcrnmental
MjsC':p.l1ancou.s
Unrestricted investment earnings
Total general revenues
Change in net assets
Net assets:
Beginning of year
End of year
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I Net (Hxp<=nse,) /
Ikvenue aDd
Changes in
I Net Assels
Total
Program Governmental
I Rcv(~nucs Activi tie,
I $ 2,60:'\ $ (6,286,042)
1,252.129 (15,883,587)
9/103/665 8,164,405
I 3,746.021 (9,543)
7,487,144 5,88:'\,650
6,135,027 21,856
I $ 27,726,589 $ (8,109,260)
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I $ 11,422,308
13,940,263
1,6H2,l52
I 2.865,225
29,909,948
I 146,841
163,060
799,008
I 31,018,857
22,909,597
I "145,540,041
I $ 168,449,638
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FUND FINANCIAL STATEMENTS
The City reports the following major goverrunental funds;
The Gelleral Fund - is the goverrunent's primary operating fund. It accounts for all financial re80urceS of the
City, except those required to be accounted for in another fund.
The Traffic Impact Fees Capital Projects fund - is used to account for fees received from developer8 of
properties, which can only be used for the design, development and construction of street projects within the
City.
The Public Facilities Fees Capital Project fund - is used to account for impact fees received from developers
of properties, which can only be used for the design, development, and construction of new public faciliti~s
within the City.
The Park Dedication Fees Capital Projects Fund - is used to account for park dedication fees received in lieu
of property from developers pursuant to the Quimby Act.
The Fire Impact Fees Capital Projects Fund - is used to account for 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.
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Capital Projects fund, I
Traffic Public I
Impact Facilities
General Fees Fees
$ 52.717,679 $ 17,421,747 $ 6,371,718 I
2,251,295 800,313
613,401 I
160,055
7,362
],829,213 I
128,256
$ 57,707,261 $ 18,222,060 $ 6,371,718
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$ 9,705,147 $ 832,R30 $ 5R,l96 I
971;167
2,246,123
49,956 66,836 251,793 I
137.210
13,109,603 899,666 309,989 I
1,896,575 17,322,394 6,061,729 I
HI,119,298
32,581,785 I
44.597,658 17,322,394 6,061,729 I
$ 57,707,2(;-) $ 18.222.060 $ 6.371,718
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City of Dublin
Balance Sheet
Governmental Funds
June 30, 2004
ASSETS
Cash and investments
Accounts Teceivabl~
Accrued interest receivable
DL1e fronl other fund,
Prcpa.ids
Advances to other fL1nds
Other assets
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payabte
Accrued wages and other payron liabilities
Depo,its payable
Contract retention payable
Liabilities insurance claims payable
Due to other funds
Advances from other funds
Total liabilities
Fund Balances:
Re~erved
Unreserved, designated reported in:
General fund
Unn:~seIVcd, unde-signated, reported in:
General f L1nd
Capital projects funds
Total fund balances
Total liabilities and fund balances
S~e accompimying Noles to Bask Firwndal Stah:,rnents,
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I Park f.ïte Non-Major
Dedication Impact G()vemrnental
Fees Fees Funds Total
I $ 951.974 $ $ 13,904,119 $ 91,367,237
18,234 725,131 3,794,973
I 613,401
160,055
7,362
I 1,829,213
128,256
$ 951.974 $ 18,234 $ 14,629,250 $ 97.900.497
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I $ 334 $ $ 1,366,308 $ 11,962.815
971.167
2,246.123
I 4",525 412,110
137,210
160,055 160,055
I 1,829,213 1,829,2B
334 1,829,213 1,569,888 :17,718,693
I 951,640 13,059,362 39,291,700
10,119,298
I 32,581,785
(1,810,979) (1,810,979)
I 951,640 (1,810,979) 13,059.362 80,181,804
$ 95"1,974 $ 18,234 $ 14,629,250 $ 97,900,497
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City of Dublin
Reconciliation of the Governmental Funds Balance Sheet
to the Govermnent-Wide Statement of Net Assets
June 30, 2004
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Fund Balances of Governmental Funds
Amount.; reported fOT gover.rul'Lental activities in the statement of net asset~ are different because:
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Capital assets used in governmental activities are not current finandal
thcrefore are not reported in the Governmental Funds Balance Sheet.
resourçcS. and
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Non depreciable asset, (Land and construction in progress)
Depreciable buildings, property, equipment and infrastructure, net
Total capital assets
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Internal service funds arc used. by management to charge the cost of certain activiLies, such as
asset replacement and retiree health care to individual funds. The asset. and liabilities of the
internal service funds are included in Ihe Government-Wide State])lent "f Net Asset.,
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Net Assets of Governmental Activities
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See accompanyìng Notes to Basic Financial Statements.
25
$ 80,181,804
20,196,739
13,342,056
33,538,795
54,729,039
$ 168,449,638
City of Dublin I
Statement of Revenues, Expenditures and Changes in Fund Balances I
Governmental Funds
For the year ended June 30, 2004 I
Capital Projects Punds
'{'rafflc Public I
Impact Facilities
General Pees Pees
REVENUES: I
l-'rop~rty taxe~ $ 11,316,703 $ $
Sa.les tax 13,940,263
Other taxes 2,741,105 I
Int~rgovernmental 1,828,993
Licenses and perm.its 3,090,992
Charges for service 4,801.137
Interest 492,971 176,782 49,596 I
Use 01 property 130,741
Fines and forfeitures 117,369
Developer fees 4,872,735 6,234,278 I
Other reVenue 860,434
Special assessments
T olal revenues 39,320,708 5,049,517 6,283,874 I
EXPEN OITURES:
Current: I
General government 4,620,431 1,480,936
Pu bJjc salety 16,353,712
Highways and streets 1,532,007
Health and welfare 82,812 I
CuJture and lelsure 5,098,102
Community development 6,342,720
Capital outlay: I
General 1,163.181
Community improvement 718,086
Parks 1,831,349 136,169 3,308,611 I
Streets 938,789 3,886,399
Total expenditures :18,681;189 5,503,504 3,308,611
REVENUES OVER (UNDER) EXPENDITURES 639,519 (453,987) 2,975,263 I
OTHER FINANCING SOURCES (USES):
Transfer jn 21,885 I
Transler out (20)
Total other financing sources (uses) 2·1,865
REVENUES AND OTHER FINANCING SOURCES OVER I
(UNDER) EXPENDITURES AND OTHER FINANCING USES 661,384 (453,987) 2,975,26:1
FUND IJALANCES:
Begiru1ing of year, as restated 43,936,274 17,776,381 3,086,466 I
End of yea r $ 44,597,658 $ 17,322,394 $ 6,061,729
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See accompanying Notes to B.¡)sic Financial Statements. I
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I Park Fire N(Jn~Major
f)ed'i<.:atiOI} Irnpact Govcl'nu\cnta I
Fees Fccs fund, Total
I $ S $ 105,605 $ 11,422,308
357,442 14,297,7U5
I 2,741,105
3,113.174 4,942,167
3,090,992
988,833 5,789,970
I 9,126 129,259 857,734
130,741
154,784 272,153
I 275,688 2,072,573 13,455,274
291,662 1,152,096
593,201 593,201
I 9,126 275,688 7,806,533 58,745,446
I 3,600 88,914 6,193,881
868,789 17,222,501
540,799 2,072,806
I 3,679,448 3,762,260
5,U98,102
21,007 6,363,727
I 1,007,729 2,17U,910
16,027 734;113
I 108,089 41,572 5,425,790
2,220,690 7,045,878
108,089 1,011,329 7,477.246 56,089,968
I (98,963) (735,641) 329,287 2,655,478
I 20 21,905
(21,885) (21,905)
(21,865)
I (98,963) (735,641) 307,422 2.655,478
I 1,050,603 (1,075,338) 12,751,940 77,526,326
$ 951,640 $ (1,810,979) $ 13,059,362 $ 80,181,804
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I 27
City of Dublin
Reconciliation of the Governmental Funds Statement of Revenues, Expenditures and Changes
in Fund Balances to the Government-Wide Statement of Activities and Changes in Net Assets
For the year ended June 30, 2004
Net Change in Fund nalance - Total Governmental Funds
$ 2,655,478
AmolUlts reported for governmental activilies in the Statement of Activilies differs from the
amounts n~pnrt~~d m th~~ Statement of Revenuesl Expendihlresl and Changes in Fund Balances
bccau('ìC:
Governmental fLmds report acquisition of capital assets as expendilures in various flmctions
and in çapital outlay, However, in the Government-Wide Stab..~m(~nt t>f A(':tivibe5 and
Changes in Net Assets, !:he cost of those assets is allocated over their estimated useful lives as
depreçiaboTl. expense. This is the anwunt of capital ass.et., additions. recorded in the cunent
period. TlUs amount excludes the intema! service ftmds capital asset additions of $3,214,439.
20,160,976
Depredation expense on capita! assets is reported in the Government-Wide Sta!cment of
Activities and Changes in Ne! Asse!s, but it does not require !:he lIse of current financial
re:,-;c.mTç(;~s. Therefore¡ depreciation is not reported a~ an expenditure in governmental funùs.
This amoruÜ excludes !:he intema! service funds depreciation of $2,039,025.
(173,190)
!ntemal service funds are used by management to charge the costs of certain activities to
individual funds. The net (expense) of the intemal service funds is reported with
governn\ental activibe~.
466,333
Change in Net Assets of Governmental Activities
$ 22,909,597
See acc.ompanying Notes to Basic Financial Statements,
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I City of Dublin
I Statement of Net Assets
Proprietary Funds
I June 30, 2004
I
I ASSETS
I Current a:5set"i:
Cash and investn1cJ1bì
Account< receivable
I Total cl,.Jrn~nt a~set< .
Capital A_sets;
I I.and
Construction in progress
Buildings and improvements
I Machinery and equipnlent
Less: accunlulaled deprcciatiun
Total capital assets
I Tot,] I as&ets
LIABILITIES
I Current liabilities:
Accounts payable
I TotalliabiHHes
NET ASSETS
I Invested in capital assets
Umestricted
I Total net assets
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I See accompanyinß Notes La Basic Financial StiJ.tements.
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Govcr)lTJH~ntal
Activities
Internal ScrviÇ(;~
Funds
$ $,257,505
12,188
8,269,693
6,842,037
2,019,588
43,619,117
4,979,882
(10,948,709)
46,511,915
54,781,608
52,569
521569
46,511,\115
8,217,124
$ 54,729,039
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Govenllncnta, I
Activities
Internal Service
Funds I
$ 1,690,763 I
18,207
1,708,970
I
415,817 I
2,039,025
2,454,842
(745,872) I
166,113 I
72,481
238,594 I
(507,278) I
973,611
466,333 I
54,262.706 I
$ 54,729.039 I
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City of Dublin
Statement of Revenues, Expenses, and Changes in Net Assets
Proprietary Funds
For the year ended June 30, 2004
OPERATING REVENUES:
Charges for ~crvices
Other revenue
Total operating revenues
OPERATING EXPENSES:
Supplies and servir:cs
Depredation
Total operating expense"
Operating income (loss)
NONOPERATING REVENUES:
Gain on disposal of assets
lntcrcst mcolne
Tnta I nonoperating revenues
Income (loss) before £ontributions
Capital conh'ibutions
Change in net assets
NET ASSETS:
Beginning of year
End of year
See accompanying Note~ to Basic Financial Statelnc.nts.
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City of Dublin
Statement of Cash Flows
Proprieta~ Funds
For the year ended June 30,2004
Governmental
AcHviHes
Internal Service
Funds
CASH FLOWS FROM OI'ERATING ACTIVITIES:
Receipt from customers
Payments to suppliers
Other
Nel cash provided (used) by operating activities
$ 1,684,805
(409,973)
18,207
"1,293,(ß9
CASH FLOWS FROM CAPIT AI. AND RELATED FINANCING ACTIVITIES:
Capital contributions
Capilal assel deletions
Acquisition of capital assets
Net cash provided (used) by capital and related financing activities
97:\,611
2,095,245
(3,214,439)
(145,583)
CASH FLOWS FROM INVESTING ACTIVITIES:
interest received
72,481
72,481
Net cash provided (used) by investing activities
Net increase (decrease) in cash and <ash equivalents
1.219,937
CASH AND CASH EQUIVALENTS:
Beginning of year
End of year
7,037,568
$ 8,257,505
RECONCILIATION OF OPERATING INCOME TO NET CASH
PROVIDED (USED) BY OPERATING ACTIVITIES:
Operating income (loss)
Adjustments to reconcile operating income (loss) to
net cash provided (used) by operatinz activities:
Depredation
Net effect of changes in:
Accounls receivable
Accounts payable
Net ca.sh pmvided (used) by operating activities
$ (745,872)
2,039,025
(5,958)
5,844
S 1,293,039
See accorn panying Notes to Hasic Financial SLatcl'nents.
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Agency Fund I
$ 198,608 I
172,779
$ 371,387
I
$ 371,387 I
$ 371,387
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City of Dublin
Statement of Fiduciary Net Assets
Fiduciary Fund
June 30,2004
ASSETS
Cash and inve~tment....
R17strided ça~h and investmcnts
Total assets
LIABILITIES
Due to bondholders
Total liabilities
See accompanyînr; Notes to Basic Financial Statements.
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City of Dublin
Index to Notes to Basic Financial Statements
For the year ended June 30,2004
r-,1..£~
1. Sunmmry of Significant Accounting Policies ............................._._..___.__..._..............__.._..........__...._...........36
2. Cash, Cash Equivalents and Investments.................................................................................................43
3. lnterf u nd 'It a nsactions ................................................................................................................................47
4 . Capital Assets...................... _...... _..... _. _.. _ _.. __ _ __. _.... _ _... _.............. _....... _.._ _ _ _ _ _.. _............. ._... _....._ _.. _... _................48
5. Special Assessment Dish-ict Debt (Non-Obligatory) ...............................................................................50
6. Joint Powers Agreements. ................ ................................................_.......................................___..._..._._......50
7. Fund Equity .............................______...__ ..._...._____......_...._..._.._____.._.....____________.._....._.. ..............__.._..._...._....._......50
8. Risk M,magemcnt.............................. ........................................................ ........... .........................___..___.......52
<¡. Pension Plan.................. ........... .............. ........ ..... ....... ................................ ............ ..... .......... ... ............... ......53
10. Comnúhnent and Contingent Liabilities ..................................................................................................54
11_ Deficit Fund Balance ............ ............ ....... ....... .............................. ......................... ................ ................ .......56
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NOTES TO BASIC
FINANCIAL STATEMENTS
35
City of Dublin
Notes to Basic Financial Statements
For the year ended June 30, 2004
1, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
11", basic firumCÎlù statements of the City of Dublin, California, (City) have been prepared in conformity with
generally accepted accounting principles (GAAP) as applied to governmental agencies. The Governmental
Accounting Standards Boards (GASE) is the accepted standard setting body for establishing r;overnmental
accounlinr; and financial reporting principles. The more significant of the City's accounting policies are
described below.
A, Reporting E¡¡UtI}
The City is a residential community with a signifiClmt regional commercial base, located in the Tri-
Valley area of Alameda County, California at the crossroads of Interstate Freeways 580 and 680. The
City was incorporated as a municipal corporation on February 1, 1982. The population at Janmuy 1,
2004, was 38,330, including prisoners housed at the Alameda County Sheriff's Department Santa Rita
Jail and the Federal Corrcctiona.l Institute.
The City operates under the Council-Manager form of goverrunent, with five elected Council members
served by a fuII"time City Manager and staff. At June 30, 2004, the City's staff was comprised of 79 full-
time employees who were responsible for City-provided serviçes. In addition, the City employs
approximately 30-75 seasona.l recreation personnel. The City provides many traditional municipal
services through contracts with both public and private agencies. Approximately 118 contract
employees provide a variety of municipal services from City facilities.
TIle basic finandal statements of the City include the financial activities of the City as well as the Dublin
Information, ¡ne. (DIl). DIl is a separate legal entity, which assists in providing financing to the City.
Dn is governed by the same governing board as the City plus the City Manager and Assistant City
Manar;er and is dependent on the City for its cash flows. The financial activity of DIl is merged (termed
'blended') with that of the City and is accounted for in a special revenue fund. The ownership of assets
previously owned by DII was transferred to the City as of February "I, "1999, in conjunction with the
early retirement of the 1933 Certificates of Participation.
B. Basis of ACCOIlIIti¡¡g and MellSllremmt FOCIIS
The ac;c;ounts of the City are organized On the basis of funds, eac;h of whic;h is c:onsidered a separate
ac;c;ounting entity. The operations of each fund are ac;c;ounted for with a separate Sel of self-balanc;ing
ac;c;ounts that comprise its assets, liabilities, fund equity, revenues, and expenditures, or expenses, as
appropriate. Government resources are aIIoc;ated to and acc;ounted for in individual funds based upon
the purposes for whic;h they are to be spent and the means by which spending activities are controlled.
Government-Wide Financial Statements
The City's Govermnent-Wide Financial Statements indude a Statement of Net Assets and a Statement of
Activities and Changes in Net Assets_ These statements present summaries of Governmental Activities
for the City. Fiduc:iary açtivities of the City are not included in these statements.
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued
B. Basis of ACC(I1mting and Measurement Focus, Continued
These statements are presented on an "economic resuurces" measurement focus and the accrual hasis of
accounting. Accordingly, all of the City's assets ffi1d liabilities, including capital assets and
infrastructure as well as long~term debt, arc included in the accompanying Statement of Net Assets.
The Statement of Activities presents changes in net assets. Under the accrual hasis of accounting,
revenues are recoplized in the period in which the liability is incurred. The Statement of Activities
demonSlrates the degree to which the direct expenses of a given function are offset by program
revenues. Direct expenses are those that are clearly identifiable with a specific function The types of
programs revenues for the City are reported in three categories: 1) charges for services, 2) operating
grants and contributions, and 3) capital grants and contributions. Charges for services include revenue
from customers or applicants who purchase, use, or directly benefit from goods, services, or privilep;es
provided by a given function. Grant and contributions include revenues restricted to meeting the
operational or capital requirements of a particular function. Taxes and other items not properly
included amonp; program revenue are reported instead as general revenue.
Certain eli.minations have been made as prescribed by GASB Statement No. 34 in regards to interfund
activities, payahles, and receivables. All internal balances in the Statement of Net Assets have been
eliminated.
Governmental Fund Financial Statements
Governmental Fund Financial Statements include a Balance Sheet and a Statement of Revenues,
Expenditures, and Changes in Fund Balances for all major govermnental funds and aggregated non-
major funds. An accompanyinf, schedule is presented to reconcile and explain the differences in net
assets as presented in these statements to tl1e net assets presented in the Government-Wide Financial
Statements. The City has presented the Traffic Impact Fee Capital Projects Fund as major because it met
the qualifications of GASB Statement No. 34. In addition, the City has elected to present the following
funds as major because of their significance to the City as a whole: the Public Facilities Fees Capital
Project' Fund, tl1e Park Dedication Fees Capital Projects Fund, and the Fire Impact Eees Capital Projects
Fund.
All governmenta.! funds are accounted for on a spending or "curreut financial resources" measurement
focus and the modified accrual basis of accounting. Accordingly, only current assets and current
liabilities are generally included On tl1eir 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
operatinr; statements present a summary of sources and uSes of available spendable resources durmg a
period by presenting mcreases and decreases in net current assets. Under modified accrual basis of
accounting, revenues arc recognized in the accounting period in which they both become measurable
and available to finance expenditures of the current period. Accordmgly, revenues are recorded when
received in cash, except that revenues subject to accrual are property taxes, sales taxes, transient
occupancy taxes, interest revenues, charges for services, and courts fmes (when measurable). Licenses,
use of property, and permit revenues are not susceptible to accrual because they generally are not
measurable until received m cash.
37
City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued
B. Basis of Accounting ami Measurement Focus, Continued
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 are
recognized when due. Because of their current financial resources focus, expenditures 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.
The City reports the following major governmental funds:
I11e General Fund - is the government's primary operating fund. It accounts for all financial
resources of the City, except those required to be accounted for in another fund.
17æ Traffic Impact Fees Callital Pmiecls Fund - is used to account for fees received from developers of
properties, which can only be used for the design, development and construction of street projects
within the City.
The Public Facilities Fees Capital Pwiect Fund - is used to account for impa.ct fees received from
developers of properties, which can only be used for the design, development, and construction of
new public facilities within the City.
The Park Dedication Fees (-"pital Proiects Fund - is used to a.ccount for park dedication fees received in
lieu of property from developers pursuant to the Quimby Act.
Tile Fire Imvact Fees Capital Proi(cts Fund - is used to account for 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.
}'roprietary Fund Financial Statements
Proprietary Fund Financial Statements include a Statement of Net Assets, a Statement of Revenues,
Expenses, and Changes in Net Assets, and a Statement of Cash Flows. All proprietary funds are
accounted for using the accrual basis of accounting and the U economic resources" measurement focus.
Their revenues are recognized when they a.re earned, and their expenses are recognized when they arc
incurred_ All liabilities associated with their activity are also included On the Statement of Net Assets.
The City reports the following proprietary fm1ds: Internal Service runds are used to account for the
financing of goods or services provided by department or agency to other department or agencies of the
City on a cost-reimbursement basis. The City uses internal service funds to account for asset
replacement and post-retirement health Care activities.
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued
B. Basis of Accounting and Measurement Focus, Continued
Because the principal users of the internal services are the City's governmental activities, the financial
information of the intemal services funds are consolidated into the governmental achvities colurrm
when presented in the government-wide financial statements_ To the extent possible, the cost of these
services is reported in the appropriate functional activity_
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services in connection with a proprietary fund's
principal ongoing operations. The principal operahng revenues of the City's proprietary funds are
charges to customers for services. Operating expenses include the cost of services, adminish·ative
expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are
reported as nonoperating revenues and expenses.
Fiduciary Fund Financial Statements
Fiduciary Fund Financial Statements include a Statement of Net Assets. The fiduciary funds are used to
report assets held in a trustee or agency capacity for others and therefore are not available to support
City programs. Since these assets are being held for the benefit of a third party, these funds are not
incorporated into the government-wide statements.
The City's oruy fiduciary fund is an agency fund, which uses the accrual basis of accounting to account
for amounts held for debt service on the Dublin Boulevard Extension Special Assessment District. The
Agency fund is custodial in nature (assets equal liabilities) and therefore does not involve measurement
of results of operations_ The City is not responsible for payment of the bonds and acts only as an agent
to collect assessments, pay bondholders, and initiate foreclosure proceedings.
C. Capital Assets, Depreciation, and Long-Tenn Liabilities
Capital assets, which include buildings, machinery and equipment, and infrastructure assets (roads,
bridges, curbs and gutters, streets and sidewalks, drainage systems, lighting systems, and park
improvements), are reported in the Governmental Activities columns of the Government-Wide
Financial Statements_ Capital assets are defined by the City as assets with an initial, individual cost of
more than $2,500 for general capital assets and $100,000 for infrastructure capital assets_ Such assets are
recorded at historical cost or estimated historical cost if actual historical cost is not available_ Donated
capital assets are valued at their estimated fair market value on the date donated.
Capital assets are depreciated over their estimated useful lives using the straight-line method. This
means the cost of the asset is divided by its expected usefu.l life in years and the result is charged to
expense each year until the asset is fully depreciated. The purpose of depreciation is to spread the cost
of capital 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 capital assets.
39
City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued
C. Capital Assets, Depreciation, and Long-Term Lial>ilities, Continued
Depreciation of capital 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
Statement of Net Assets of the government-wide financial statements as a reduction in the book value of
the capital assets.
The City has assigned the useful lives listed below to capital assets.
Building and in'provements
Machinery and equipment
Infrastructure Street,
20-38 Years
3-15 Years
30 Years
GASB Statement No. 34 requires the City to report and depreciate new infrastructure assets effective
with the beginning of the current year. Infrastructure assets include roads, bridges, sidewalks, curbs
gutters, plU'k improvements, traffic signals, etc. Neither their historical cost nOr related depreciation has
historically been reported in the financial statements. The retroactive reporting of infrastructure is
subject to an extended implementa tion period and is first effective for fiscal years emting 2006. The City
has deferred implementation of the retroactive reporting of infrastructure and plans to do so during the
fiscal year ending June 30, 2005.
D, Use of Restricted Resources
When both restricted and unrestricted resources are available for use, it is the City's policy to use
restricted resources first, and then unrestricted resources as needed.
t:. Cash and In¡'estmmts
GASB Statement No. 31, "Accounting Imd Finnncinll\eporting for Certain Inoestments and Externnl Pools",
requires governmental entities to report certain investments at fair value in the balance sheet and
recognize the corresponding change in the fair value of investlnents in the year in which the change
occurred. In accordance with GASB Statement No. 31, the City has adjusted certain investments to fair
value (when material).
Proprietary fund type cash and investments are used in the preparation of the statement of cash flows
as investment' are not allocated to specific funds. Each of these funds' aHocation of pooled cash and
investments is considered cash and cash equivalents.
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
1. SUMMARY OF SIGNIFICANT ACCOUNTJNG POLICIES, Continucd
F. Deferred Compensation Plan
City employees ma.y defcr it portion of their compensation under a City sponsored deferred
compensation plan created in accordance with Internal Revenue Code Section 457. Under this plan,
participants arc 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 GASH Statement No. 32, the City revised the plan to no longer
make the funds available to the City's generaJ creditors and acçordingly, the City does not report the
assets in the financial statements.
G. Property Tax
Alameda County assesses properties and bills, collects, ,md 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.
H. Post Employment Health Care Benefits
The City provides certain health care benefits for 24 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 expenditures as premiums are paid. For the year
ended June 30,2004 those costs totaled $119,lH9.
I. Net Assets
Government.Wide F'inancial Statements
In the Government-Wide Financial Statements, net assets arc classified in the following categories:
Invested in Q¡pital Assets, Net of Related Debt - This amount consists of capital assets net of
accumulated depreciation and reduced by outstanding debt that attributed to the acquisition,
construcLion, or improvement of the assets.
Restricted Net Assets - This amount is restricted by external creditors, grantors, contributors, or laws
or regulations of other governments.
Unrestrict~d Net Ass~ts - This amount is all net assets that do not meet the definition of "invested in
capital assets, net of related debt" or "restricted net assets."
41
City of Dublin
Notes to Basic Financial Statements, Continued
For the Y'"ar ended June 30,2004
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued
1. Net Assets, Continued
Fund Financial Statements
Governmental fund balances represent the net current assets of each fund. Net current assets generally
represent a fund's cash and receivables, less its liabilities. Portions of a fund's balance may be reserved
or designated for future expenditures.
Reserves are restrictions placed by outside entities, such as other governments, which restrict the
expenditures of the reserved funds to the purpose intmded by the entity whieh provided the funds.
The City carmot modify or remove these restrictions Or reServes. In addition, the City Council may
reserve funds by resolution to set aside Ílmds which are not available for current appropriation Or
expenditure.
Designations are imposed by City Council to reflect future spending plans or concerns about the
availability of future resources. Designations may be modified, amended or removed by City Council
action.
The City had the following reserves and designations:
Resenled lOr prepaid expenditures is the portion of fund balance set aside to indicate that these items do
not represent available, spendable resources even thoup;h they are a component of assets.
REserved lOr !'erne/en/ endowment is the portion of fund balance to be retained. This represents funds
transferred by tIle Dublin Cemetery Association, when the City acquired the cemetery.
Re5l'nJl'd lOr lonr-term advances is the portion of fund balance set aside to indicate tha.t these items do
not represent available, spendable resOurces even though tIley are a component of assets.
ResenJl'd for rect/din!: pro!:rams is tIle portion of fund balance set aside for revenue received from the
Alameda County Waste Management Authority to be used solely for recycling.
l~esenJed ¡or flUb/;e safety prormms represents the net amounts available from grant and otIler sources
restricled to use on public safety programs.
l~esenJl'd lOr street ma;ntelUmce and con5tmciion represents amounts available and restricted to use on
projects related to street maintenance and construction.
REserved for health and welfare tJrormms includes amounts restricted for use on programs including
housing, noise mitigation, and garbage services.
Resenled fOr capital improvement proiects rewe5l'nts amounts collected from developers lo be spent on
specific projects impacted by the developmmt.
Des;!:nated fOr economic uncertain II/ is the portion of fund balance to be used in the event of economic
uncertainty.
Desirnaled for other represents the amount of resources set aside to fund Or partially fund the various
projects. The amount designated for authorized expenditures represents the amount not specifically
identified with an individual project.
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued
J. Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions. These estimates and assumptions affect the
reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities. In
addition, estimates affect the reported amount of expenses. Actual results could differ from these
estimates and assumptions.
2. CASH, CASH EQUIVALENTS AND INVESTMENTS
TIle City maintains a cash and investment pool, which includes cash balances and authorized investments of
all funds, which the City Treasurer invests to enhance interest earnings. The pooled interest earned is allocated
to the funds based on average montlùy cash and investment balances in these funds.
A. Cash Deposits
The carrying amount of the City's cash deposits were $(251,458) at June 30, 2004. Bank balances before
reconciling items were $12,009 at that date, the total amount of which was insured or collateralized with
securities held by the pledging financial institutions in the City's name as discussed below.
The California Government Code requires California banks and savings and loan associations to secure the
City's cash deposits by pledging securities as collateral. This Code states that collateral pledged in. this
manner shall have the effect of perfecting a security interest in such collateral superior to those of a general
creditor. 11mB, collateral for cash deposits is considered to be held in the City's name.
The market value of pledged securities must equal at least 110% of the City's cash deposit.. California law
also allows institutiorL' to seCure City deposits by pledging fitst trnst deed mortgage notes having a value
of 150% of lhe City's total cash deposits. The City may waive collateral requiretn€nts for cash deposits,
which are fuJly insured up to $100,000 per depositor by the Feder,ù Deposit Insurance Corporation. The
City, however, has not waived the collateralizatÍon requitements.
The City follows the praetice of pooling cash and investments of aJl funds, except for funds required to be
held by fiscal agents under the provisions of bond indentures. Interest ineome earned on pooled cash and
investinents is allocated on an accounting period basis to the various funds based On the period-end cash
and investment balances. Interest income from cash and investments with fiscal agents is credited directly
to the related fund.
43
City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
2. CASH, CASH EQUIVALENTS AND INVESTMENTS, Continued
B. Tnvestm"lIts
Under the provisions of the City's investment polky, and in accordance with Section 5~601 of the Ca];foroia
Government Code, the City is authorized to invest or deposit in the following investments:
· Bankers' Acceptances
· Commercial paper
· I .0<=31 A!~ency Investment Fund
Negotiable certificates of deposit
Repurchase agreements
Mutual Funds
Securities of the Federal goverrunent or its agenci",
In accordance with GASH Statement No. 31, A(:(:(lIlnting and ¡ Ùumcilll."el'orting j(>r Certa.in Inve,tments andfor
Externa/lnvestments l'o(lls, inv<'"tments should 1,,-, st,ted at fair value. The City «'Ported its irlVestment:1 at
fair value. For the year ended June 30, 2004, the unrealized loss on investments amounted to $533,811.
Interest and investlnent eaminr;s before recognition of unrealized loss was $1,46~,454 as of June ~O, 2004.
C. Credit R is"
Governmental Accounting Standards Board Statement No.3 r"'luires that deposits and investments be
classified by credit risk. Classification of deposits and investments by credit risk is as follows:
Deposits
Calero/v J - Insured or collateraliz<,d with se<:urities held by the City or by its agcnt in the City's namc.
(:aterorlI2 - Collateralized with securities held by the pledginr; finandal institution's trust department
Or agcnt in the City's name.
Caleronl .J - Uninsured and unregistered with securities held by the counterparty or by its trust
departrncnt or agent, but not in thc City's name.
Investments
Cateeorl/1 - Insured and registered or securities held by the City Or by its agent in the City's name.
Cak~"nl 2 - Uninsured and unregistered with securities held by the counterparty's trust department or
agent in the City's name.
Caleronl .3 ~ Uninsurcd and umegistered with securities hcld by the counterparly or by it, trust
department or agent. but not in the City', namc.
lnveslmel1ls Not S"biecf 1(1 Cate¡,oriza.tion" Investments in the California Local Agency Investment
Fund (LAIF) are not categoriz<,d. as GASB Statement No. 3 docs not require categorizaHon of
investment pools rnanaged by another government. C~Ttaln fi~çal agent investments are not
categorizcd because the underlyinr; assets are open-ended mutual funds. Guaranteed investment
contracts are not cater;orized because they are direct contra<'tual investments and are not sccuritics.
All such investment, are not required to be categorized under interpretive guidelines issued by the
GASB.
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
2. CASH, CASH EQUIVALENTS AND INVESTMENTS, Continued
V. Summary of Cash aIId Investmrnts
The following is a summary of pooled cash and investments, including restricted cash and investments
at June 30,2004:
Government-Wide:
Statem~nt of
Net Assets
Governmental
Activities
Fiduciar)'
Funds
Statement of
Net Assets Totid
S 198,608 $ 99,823,350
172,779 172,779
$ 371.387 $ 99,996,129
Cash and investments $ 99,624.742
Restricted. cash and inv~5tn'lent5
Tutal $ 99,624.742
Deposits and investments held by the City at June 30, 2004 are surrunarized below:
Not Required
to be Fair
Ca legory 1 Ca tegorized Value
City Treasury:
Depositg;
Cash On hand $ $ 1,625 $ 1,625
Deposits will, banks (251,458) (251,45R)
Total deposits (251,458) l,625 (249,R33)
Investments:
Federal Home I .oan Bank 38,R2R,6R8 3S,S2S,688
Federal Home Loan Mortgage Corporation 22,207,535 22,207,535
Federalliome Loan Mortgage Association 6,473,920 6,473,920
Governn\ent Secu ritics 2,311 ,351 2,311,351
Mutual Funds 2,647;187 2,647,187
CaHfornia Local Agency Investment Fund 27,604,502 27,604,502
Total învesbnents 72,46S.6S1 27,604,502 1 00,073,1 R3
Total City Treasury 72,217.223 27,606,127 99,823,350
Cash with fiscal agents 172,779 172,779
Total City and fiscal agent cash and ¡nvestments $ 72.217,221 $ 27,77S,906 $ 99,996,129
The City had no Category 2 and 3 cash and investments,
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
2, CASH, CASH EQUIVALENTS AND INVESTMENTS, Continued
E. IIlvestments ill I.ocal Agency JIlveshl1tmt F,md
The City valued its investments in LAIF as of June 30, 2004, at amortized cost which approximates the
fair value. If the fair value was to be calculated it would be calculated by multiplying the account
balance with LAIF times a fair value factor of 0.998384177 which is deterrrrined by LAIF. This fair value
factor was deterrrrined by dividing all LAIF participants' total aggregate amortized cost by total
aggregate fair value.
The City's investments with Local Agency Investment Funds (LAIF) at June 30, 2004, included a portion of
the pooled funds invested in Structured Notes and Asset-Backed Securities. TI1ese inveshnents included
the following;
. Structured Notes are debt securities (other than asset-backed securities) whose cash flow
characteristics (coupon rate, redemption amount, or stated maturity) depend upon one or more
indices and/ or that have embedded forwards or options.
. Asset-Backed Securities, the bulk of which are mortgage-backed securities, entitle their purchasers
to receive a share of the cash flows from a pool of assets such as principal and interest repayments
from a pool of mortgages (such as CMO) or credit card receivables.
As of June 30, 2004, the City had $27,604,502 invested in LAIF, which had invested 1.603% of the pool
investment funds in Structured Notes and Asset-Backed Securities.
F. Summary of ¡IlVeSITIl"tlts to MatJlrit1j
Investments held in tl1e City Treasury grouped by maturity date at June 30, 2004, are shown below:
Maturity
Current to one year
One to two years
'j'wu to tim~e years
Three to four years
Four to five years
Total
$ 35.593.971
1,998,280
25,988,113
l2.4l8,950
24.073,869
$ loo,U73,183
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
3. JNTERFUND TRANSACTIONS
Due Tol From
During the normal course of business the General Fund may advance to other funds to cover deficit cash
balanœs caused by expenditures for reimbursement type grants. During the fiscal year advlmœs were
made to the Commurúty Development Block Grant Fund, the Intermodal Surface Transportation Efficiency
Fund, and the Transportation for Clean Air Fund in the amounts of $34,842, $114,641, and $10,572
respectively. When the reimbursement is received, normally shortly after year end, the interÍlmd liability is
liquidated. The following inter fund balances existed at June 3D, 2004
Due from other funds
Due to other funds
Nün Major hOlds
Total
Major Fund
General Fund Tot.l
$ 160,055 $ 160,055
$ 160,055 $ 160,055
Advances TolFrom
During the 2003-2004 Fiscal Year the General Fund advanœd funds to the Fire Impact Fees Capital Projects
fund to aid in the financing of fire station construction projects. The advanœ will be repaid through future
revenues to the Fire Impact Fees Fund. Interest accrues, on the advanœ, at a rate equal to the City's return
on its investment portfolio. The following interfund balances existed at June 30, 2004:
Advances to other funds
Advance. from other funds
Major FUM
General Fund
Total
Major Furul:
Ere Impact Fees
1.829.213 $
$
1,829,213
Total
$
l,S29.213 $
1,829,213
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City of Dublin
Notes to Basic Financial Statements, Continued
I'or the year ended June 30, 2004
3. INTERFUNU TRANSAC'TIONS, Continued
Frrllls(ers In/Oul
Interfund transfers for the year ended June 30, 2004 were as follows:
Transfers in
Mç:¡jor "Fund Non Major
Transfers out: Cenera'! Fund Punt! Tota]
Major hmd
Ceneral Fund $ $ 20 S 20
.,
Non Major Funds 2),8B5 21,885
Total $ 21,885 $ 20 $ 21,905
Transfers In to the General Fund in the amount of 521,885 are reimbursements to the General Fund from the
Vehicle Abatement Fund for vehicle abatement services, from the COBG fund for administrative costs, and
from the Measure 0 fund for collection of delinquent drainaf,e maintenance assessments, in the amounts of
$15,242, $6,600 and $43 respectively. In addition, there was a Transfers Out from the General Fund to the
DII Fund in the amount of $20 to cover bi-annual OII fi¡¡nr, fees
4. CAPITAL ASSETS
A. GoveT1lment~ Wide Financial Statt!t7Imts
In accordance with GASB Statement No. 34, the City has reported al1 capital assets including
infrastructure in the Government-Wide Statement of Net Assets. The City has elected to use the basic
approach as defined by GASB Statement No. 34 for all infrastructures reporting, whereby depreciation
expense and accumulated depreciation has been recorded. The City has elected to use the deferral
period for the retroactive reporting of infrastructure values (infrasti....cture constructed or acquired prior
to July 1, 2(01) as provided for by GASB Statement No. 34.
Capital assets include land, buildings, and equipment used in City operations. Infrastructure includes
roads, bridges, curbs, sidewalks, drainage systems, street and traffic lir,hts, park improvements and
other improvements used by all citizens.
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
4. CAPITAL ASSETS, Continued
A. Government-Wide Financial Statemmts, Continued
Thc following is a surrunary of capital assets for governmenwl activities:
Balance Balance
July 1 June 30
2003 Addition Del~hún T ranslers 2004
Capital a»eh;, not being depreciated:
Land $ 9,775,002 $ 429,000 $ $ $ 10,204,002
Streels righ t of way 3,170,336 2,387,133 .1,558/024
Construction in progres¡:; 9,326,319 8,663,657 (3.637,392) 9,352.58·1
Total capital ¡: 's.9cls, not being depreciated 22,272,207 11,479,795 (8,637,392) 25,114.610
CapItal asset,. being depreciated:
Infrastructure 1,881,577 8,]67,623 3,943,754 13,992,954
Buildings and improvement8 41,~15,999 3,496,000 (2,095,246) 4.693,633 47,410.391
Equipment 5,466.166 231,997 (163,368) 5,529,295
Total capital asset:'>, bei.nr; depredated 48,663.742 11,895,620 (2,264,114) 8,637,392 66,932,640
Less ac.cumulated depreciation for:
Infrastructure (153,503) (286,912) (445,415)
Building; and improvements (6,975,288) (1,389,299) 166.]J~ (8,198.474)
Equipment (2,785.515) (736,004) ]68.868 (3,352,651)
Total accumulated depreciation (9,919.306) (2,412,215) 334.981 (11,996,540)
Total capil.al assets being depreciated, net 38,744,436 9,483,405 (1,929,133) 8,637,392 54,9%,100
Governmental activilies capital as,lìets¡ net $ 61,016,643 $ 20,%3,200 $ (1,929,133) $ $ 80,050,710
Depreciation expense was charged to functions/ programs uf thc primary government as follows:
General government
Public safety
Highways and streets
Health and welfare
Culture and leisure
CommuniLy development
Tol.al d~prccialion expense - governmental activities
$
1,331,242
24B,765
47,417
9,177
212,880
562,734
$
2,412,215
B. Fund FÍ1!allcial Statements
The fund govcrruncntal financial swlemenls do not present general govcrnmcnt capital assets but arc
shown in the Reconciliation of the GoverrunentaI Funds Balance Shcet to the Government-Widc
Slalemenl of Net Assds.
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
5. SPECIAL ASSESSMENT DISTRICT DEBT (NON-OBLIGATORY)
The Dublin Boulevard Extension Special Assessmenl Districl, formed within City limits, had outstanding
debt with a balance of $1,452,000 al June 30, 2004. I'roœeds of the debt were used to finance
improvements within District boundaries. The Cily has no legal, contingent or moral obligation for the
repayment of this debt ¡Uld acts solely as the collecting and paying agent for the Dish·ict. Activities of the
District are reported in the Dublin Boulevard Extension Assessment District Agency Fund.
6. JOINT POWERS AGREEMENTS
The City participates in joinl ventures wilh other municipal entilies through Joint Powers Agreements
(JP As) established under the Joinl Exercise of Powers Act of the Stale of CaIHomia.
lo;nl Ventures
·fhe Cilies 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 '111 animal shelter
facilily 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 sheller. The original total principal portion of the scheduled debt is $4,523,877. TI1e City's share
for the 2003-2004 fiscal year based upon the statistics of live animals handled in the shelter in calendar
year 2004, was $39,088 representing 12.318 percent of the debt service requirements. In addition,
$159,866 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 above 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.
7. FUND EQUITY
In the Fund Financial Statements, reserves and designalions segregate portions of fund balance that arc
either not available or have been earmarked for specific purposes. The various reServes and
designations are established by actions of the Cily Council and Management and can be increased,
reduœd or eliminated by similar actions.
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
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7, FUND EQUITY, Continued
In Governmental Funds, fund reservations and designations arc prcsented as . component of fund
balance as follows:
Traffic l'HbHc Park Pjn~
GI:':n.~wl Impact facilities DedkahoTl hnp¡,),ct Nnn~Majol'
Fund Fees Fees Fees Fees funds
Reserved:
l.Jrepaid expenditures $ 7,362 $ $ $ $ $
Cemet~ry ~ndowment hO,OOO
Long-term advance8 ] ,R29,2U
Re<~y~~I'¡ng pwgfiJTn~ 361,855
PubJiI.' ~afl:'ty prugram~ 320,355
Street m,~int~1~¡']T'1('E~
amI cOTIstrm:tioTl 2;151.732
Health and welfaæ
programs 9,697,1':.15
Capital improvement
projl:!(ts 17,322,3~4 6,061,729 95"1/')LiO 25,225
Total reserved 1.896,575 17,~22,394 f\Oó1,729 951,640 "I :\.059/,62
Untc!;icrvcd, dc,:>ip;:nated:
'Eff.)fiomic uI'II..~eTtainly 2.719,!XJ8
Downtuwn open sp<}çc 2,329,00]
Senior center 2,481,075
ClF farryOVt'IS 611..524
C),pital iiTlpTnvl~rt'lclH 976,690
Affnrdable hnw;ing 1.000,000
Tota] urtre~eT\led
designated 10,11 9,298
Unrc~eTVed,
un.designated 32,,,81,785 (1,8JO,979)
Tutal fUnd equity $ 44,597,658 $ 17,322.394 $ 6,061,729 $ 95J.MO $ (1,810,979) $ 13,039.362
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
8. RISK MANAGEMENT
A. Risk Pool
The City participates in the ABAG PLAN Corporation, which covers general liability claims in an
amount up to $10,000,000 and properly insurance coverage for membcrs up to $500,000,000. The City
has a deductible or uninsured liability for gcneralliability of up to $50,000 per claim. The deductible for
properly 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, 2004, the City contributed $16Y,280 for current year coverage.
The ABAG PLAN is r,o\lerned by a board consistinr, of representatives from member tlumicipalilies.
The board controls the operalion.s of the ABAG PLAN including selection of management and approval
of operating budgets, independent of any itúluence by member municipalities beyond their
representation on the Board.
The City's çontributions to the ABAG Pl.AN for liability covera¡~e are based on a formula which
considers the ratio of the City's payroll to the total payrolls of all entities participating in the same layer
of each program, in each program year's loss history and population_ Actual surpluses or losses are
shared according to a formula developed from overall loss costs and spread to member entities on a
percenlage basis after a retrospecLive raLing.
Th~re have been no ~ignifica,nt reduc.:lions in any of the City'~ areaS of i.ns.urance coverðge and 00
setLlement amount') have exce~ded coverage.
Audited financial information for the ABAG PLAN can be obtained from ABAG PLAN, P.O. Box 2050,
Oakland, CA Y4604~2050.
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B. Liabilily for Uninsured Claims
The GASH requires municipalities to record their liability for uninsured claims and reflect the current ·1
portion of this liability as an expenditure in their financial statements. As discussed, above, the City has
coverage for such dal1:ns¡ but it has retained th~ ri$k for the deductible, or uninsured portion of these I
claims in the ABAG PLAN. GASB Statement No. 10, "Financial Reporting for Risk Financing and
Related Insurance Issues" require that this amount be separatcly identified and reçorded as a liability.
The City's liability for uninsured claims, limited to ~eneralliability claims as discussed above, indudes I
a provision for in<:urred but not reported losses. This amount wa, estimated based on claims
experience. Since incorporation in 1982, the City has never had a 1088, which exceeded the amount of
tI18Uranœ coverage. The claim liability for the current and prior years are as follows: I
J \1n. 30. 2004
June 30, 200ò
Begjnni.ng baJÐnce
Provision tor claíms
Claims paid
Ending balance
s
137,210 S
87,87]
(87,871 )
137,210 $
137,210
25,S95
(25,895)
$
137,2111
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The City has obtained a workers' compensation insurance polic:y from the State Compensation I
h18urance Fund, which has no deduçtible_
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City of Dublin
Notes to Basic FinanÔal Statements, Continued
For the year ended June 30, 2004
9. PENSION PLAN
A. PERS
Plan f)escriptilm - 111e City's defined benefit pension plan, (Miscellaneous Plan), provides retirement
and disability benefits, annual çost-of-1ivinr, adjustments, and death benefits to plan members and
beneficiaries. The Miscellaneous Plan is part of the Publiç Agency portion of the California Publiç
Employees Retirement System (CaIPERS), an agent multiple-employer plan adnUnistered by CaJPERS,
which acts as a ÇOmmon investment and administrative agent for participating public employers within
the State of Californi.a. A menu of benefit provisions as well as other requirements are established by
State statutes within the Public Employees' Retirement Law. The City seleds optional benefit
provisions from the benefit menu by contraçt with CalPERS and adopts those benefits through local
ordil1lU1çe or resolution. CalPERS issues a separate mmprehensive annual finandal report. Copies of
the CaIPERS's annual financial report may be obtained from the CaIPERS Executive Office, 400 P Street
Sacramento, California f.J5H'14,
FUl1din\! Polin¡ - Active plan members in the Misçellaneous Plan arc requited to contribute 7 percent of
their annual covered salary, which the City pays on behalf of the employees in the amount of $404,668.
The City is required to contribute the actuarialIy determined remaining amounts necessary to fund the
benefits for its members. The actuarial methods and assumptions used are those adopted by the Cal
PERS Board of Admirústration. The required employer contribution rate for fisçal year 2003-2004 waS
6.059% for misçellaneous employees. (The City has only miscellaneous employees.) The mnh'ibution
requirements of the plan members are established by State statute and the employer mntribution rate is
established and may be amended by CalPERS.
Annual Pension Cost - For fisçaI year 2003-2004, the City's annual pension mst was $350,269 and was
equal to the City's required and actual contributions. The required çontribution for fisml year 2003-
2004 was determined as part of the June 30, 2001, actuarial valuation using the entry age normal
açtuaria] mst method with the conhibutions determined as a percent of pay, The açtuarial assumptions
induded (a) 8.25 percent investment rate of return (net of administrative expenses); (b) projeçted salary
inçreases that vary by duration of service ranging from 3.75 percent to 14.20 percent for miscdlaneous
members; and (c) 0.25 percent çost-of-living adjustment. Both (a) and (b) iru:lude an inflation
component of 3.5 perçent. The açtuarial value of Miscellaneous Plan's assets was determined using a
teçhnique that smoothes the effeçt of short-term volatility in the market value of investments over a two
to five year period dep~'Ilding on the size of investment gains and/or losses. Misçellaneous Plan's
unfunded açtuarial aççmed liability (or excess assets) is being amortized as a level percentage of
projected payroll on a dosed basis. The average remaining amortization period at June 30, 2001 was 10
years for miscellaneous employees for prior and çurrent service mtfunded liabilities.
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30,2004
-,~.~. ~
9. PENSION PLAN, Continued
A. PERS, Continued
Three Year Trend Information for the Miscellaneous Plan
Annual Percentage
Pentõion Cost of APC Net Pension
Fiscal Year (APC) Contributed Obligation
6/30/2002 $ 151.723 100% $
6/30/2003 198,418 100%
6/30/2004 350,269 100%
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 alternate 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.
10. COMMITMENT AND CONTINGENT LIABILITIES
A. Grant Programs
The City participates in several Federal and State grant programs. No cost allowances were proposed a.s
a result of the City's financial audit; however, these programs are still subject to furthe¡' 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 i.s no pending litigation, which is likely to have a material adverse effect on the financial
position of the City.
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City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
10. COMMITMENT AND CONTINGENT LIABILITIES, Continued
C. f~eimbllrsements to the City
On January 23, 1996, the City adopted a fee for the purpose of reimbursing the City of Pleasanton for the
costs of making improvemenL' to the interchanges on Interstate 580 at Hacienda Drive and Tassajara
Road/Santa Rita Road that benefit development in both Pleasanton and future development in Eastern
Dublin. The Cities entered into an agreement on November 3, 1998, to allow for an automatic arumal
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, 2004, was
$5,565,212, which is net of the $76,362 in payments made by the City 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 col1ection of development fees assessed for reimbursement of
these improvements.
The City has also entered into an agreement with the City of Pleasanton for the reimbursement of the
cost of construction of a two-lane access road and the extension of Hacienda Drive. The advance as of
June 30, 2004, is $2,923,684, which includes $77,603 interest and $239,314 in repayments 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. The
açcounting for the amount due is not recorded as indebtedness since future payments are contingenl
upon the future collection of development fees assessed for reimbursement of these improvements.
D, BART Agreement
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 Tern1 and a Long Term Advance. These projects are now
mmpIete_
Short Term. Advance
The amount provided as a Short Term Advance came due on December 31, 1995. In accordance with a
separate agreement, the Alameda County Surplus Property Authority repaid this amount. See the
related note on the Alameda County Surplus Property Authority below.
Lon~ Term Advance
BART's long term advance to the City, including accrued interest as of June 30, 2004 is $2,121,727, which
has no specific due date. Under the City's agreement with BART, interest On the advance accrues at a
rale based On BART's average rate of return on its investments. During the year ended June 30,2004
unpaid interest incurred was added to the balance owed in the amount of $89,090. The City expects to
repay principal and interest on BARTs 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 stin outstanding On
March 27, 2010. 111e accounting for the amount due is not recorded as indebtedness since future
payments are contingent upon the future collection of development fees assessed for repayment of the
advance.
55
City of Dublin
Notes to Basic Financial Statements, Continued
For the year ended June 30, 2004
10. COMMITMENT AND CONTINGENT LIABILITIES, Continued
E. Alameda County Surplus Property Authority
The City entered into an agreement with the 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, interest on the advance shalt accrue at a rate based on the Alameda County Treasurers
return on investments. As of Jtme 30, 2004, the advance is $2,224,341, which includes accrued interest of
$28,329 for the current year. 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 accounting for the amount due is not recorded as
indebtedness since future payments are contingent upon the future collection of development fees
assessed for repayment of the adv¡mce.
1-'. Other Development Agreements
The City entered into several agreements with various developers and merchant builders who are
developing nmnerous residential and commercial projects throughout the City. 111e City agreed to
grant the developers impact fee credits since the developers constructed certain improvements beyond
what was needed to serve their speçific projects_ The value of credits does not increase fa!' inflation nor
do they accrue interest. Any unused credits may be used by the developers on other projects located
within the Traffic Impact Fee area. The value of the credits as of June 30, 2004 was $54,015,237. For the
current year, additions to the credits amounted to $2,597,697 and credits used amOlmted to $3,603,546.
The accounting for the amounts due are not recorded as indebtedness since the payments (use of
credits) are contingent upon the collection of development fees from building growth that has not yet
occurred.
11, DEFICIT FUND BALANCE
The Fire Impact Fees Fund ended the fiscal year with a $1,810,979 defiçit fund balance. The General
Fund has advanced money to this fund to cover current cash £low needs. Repayment of the advance is
expected to cOme from future revenues to this fund.
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REQUIRED
SUPPLEMENTARY INFORMATION
57
City of Dublin
Required Supplementary Information
For the year ended June 30, 2004
1. BUDGETS AND BUDGETARY ACCOUNTING
The City follows these procedures in establishi.J1f, the budf,etary data reflected Il1 the basic financial
statements;
· Prior to June 3D the City Manager submits to the City Council a proposed operating budget for the
fiscal year commencing the following July 1. The operating budget indudes proposed expenditures
and the means of financing them.
· The public is given an opportunity to comment on the budget at a noticed City Council meeting.
Prior to July 1, the budget is legally enacted through passage of a resolution.
· The City Manager is authorized to transfer budgeted amounts between line items within any
department. Any revisions, which alter total deparhnental 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 departments salary and benefits accounts when required
due to employee turnover or change in status, City Council approved funding for increases in
employees salaries and benefits, and City Council approved funding for increase in contract or labor
rates. Expenditures may not exceed budgeted appropriations at the departmental level without City
Council approval.
· Formal budgetary integration is emp]oyed as a management contro] 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 generally accepted accounting principles in the United States.
· All unexpended appropriations lapse at the end of the fiscal year.
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I City of Dublin
I Statement of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual
Required Supplementary Information, Continued
I For the year ended June 30, 2004
Variance with
I Final Budget -
Budget Amounts Actual Positive
Original Fin.al Amounts (Negative)
I REVENUES:
Property taxes $ 11,274,72~ $ 11,274,729 $ 11,316,703 $ 41,974
Sales t1. x 1:'\,0:'\6,O[)0 13,036,000 13,940,263 904,26:'\
I Other taxes 2,467,787 2,467,7H7 2,741,105 273,318
Intergovernn\ental 2,372,900 1,916,900 1,828,993 (H7,907)
Licens~s and permlts 2,025,003 2,025,003 3,090,992 1.065,989
I Charges for service 4,868,788 5,072,7H8 4,HOl,137 (271,651)
(nterest 751,710 751,710 492,971 (25K,n9)
Use of property 145,840 145,840 130,741 (15,099)
Pines and forfeitures 106,500 106,500 117,369 10,869
I Other revenue 551,071 1,142,405 860,434 (281 ,971)
Total revenUeS 37,600,328 37,939,662 39,320,70R 1,38".1 ,046
I EXPENDITURES:
Current:
Genera I government 4,823,056 4,962,113 4,620,431 341,hH2
I Public safety "16,112,262 I h,399,785 16,353,712 46,073
Highways and streets 1,607,102 1,613,053 1,532,007 81,046
Health and welfare 31,341 85,669 82,812 2,857
Culhlre and leisure 5,329,601 5,371,054 5.09H,102 272,952
I Community development 6,457,591 6,667,757 6,342,720 325,0:'\7
Capital outlay:
Genera J 983,660 1,802,739 1,163,181 639,558
I Community improvement 845,044 989,845 718.08h 271,759
Parks 2,H69,563 2,900,493 1,831,349 I,Oh9,144
Streets 736,730 1,340,488 93H,789 401,699
I Total expenditures 39,795,950 42,132,996 38,6Rl.189 3,451,807
REVENUES OVER (UNDER) EXPENDITURES (2,195,622) (4,193,334) 639,519 4,832,853
I OTHJiR FINANCING SOURCES (USES):
Transfer in 22,350 21,885 (465)
Transfer out (20) (20)
I Total other financing SOurce' (uses) 22,330 21,865 (4hS)
REVENUES AND OTHER FINANCING
I SOURCES OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES $ (2.1 95,622) $ (4.171,004) 661,384 $ 4$'I2,:'\R8
I FUND BALANCES:
Beginning of year, as restated 43,936,274
End of year $ 44,597,658
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I 59
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City of Dublin
Required Supplementary Information, Continued
For the year ended June 30, 2004
Schedule of Fundin,! in Pro'!reS5
Miscellanrous Plan of the ealifo.mia Public E1J!l!lowe Retirement 51/stem
Entry Age
Aduarial Actuarial Actuarial
Valuation Asset Accrued
Date* Value Uability
Unflmded
(Overfcmded)
Unftmded Actuarial
(Ovcrfundcd) I .iabiHty as
Actuarial Percentage of
Accrued Funded C"vered
Liability Ratio Covered Payron
(1M) (A/B) l>ayroll (CjR)
$ (945,067) 115.0% $ 3,880,432 (24.4)%
45,699 994% 4,760,484 1.0%
224,087,511 91.4% 725,020,458 30.9%
6/30/2001 $ 7,2.15.624 $ 6,290,557
6/30/2002 7,261,051 7,306,750
CaIPERS Risk Pool Information (See note below)
6/30/2003 2,372-879,Oc14 2,596,966,545
As of the actuarial valuation date of June 30, 2003, the City's miscellaneous plan became part of a CaIPERS
Risk Pool for employers with less than 100 active plan members. The schedule of funding progress for
miscellaneous employees presented above for 6/30/2003, is for the whole pool and not that of the City
individually.
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SUPPLEMENTARY INFORMATION
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GENERAL FUND
The General Fund is used to account for all financial resOurces except those requir~d to be accounted for in
another fund.
65
City of Dublin I
Schedule of Budget Versus Actual Revenues by Sources I
General Fund
For the fiscal year ended June 30, 2004 I
Varjanç~ with I
Final Budgel -
Budgeted Amounts Actual Positive
Original Pinal Amount') (Ne!;ative) I
Property Taxes:
Current year secured $ 9,697,000 $ 9,697,000 $ 9,602,717 $ (94,283)
Current year unsecured 766,000 766,000 775,655 9,655 I
Prior year secured 204,000 204,000 208,731 4,731
Prior year unsecured 27,000 27.000 37,045 10,045
Supp'e'I\ental pTOperty tax 444,000 444,000 533,424 89,424 I
Pilot tax 57,729 57,729 53,636 (4,093)
Property tax p~na Ib(~8 79,000 79,000 105,495 26,495
Sub-total 11,274,729 11,274,729 11 ,316,7IJ3 41,974 I
Taxes Other Than Property:
Sales & use tax 13,(r\6,IJIJIJ 13,036,000 13,940,263 904,263 I
Real propeTty tranKfer tax 334,000 334,000 571,361 237,361
Hotel tTansi"nt occupancy tax 719,550 719,550 664,309 (55,241)
Franchisc taxcs 1,414,237 1,414,237 1.505,435 9-1,198 I
Sub-total 15,503,787 15,503.787 16.681.368 1,177,581
License and Permits: I
lJuildiog permits 1,810,153 J,8JO,153 2,839,203 1,029,050
Animallicenscs 5,20IJ 5,200 4,437 (763)
Encroachmenl permits 22,OOIJ 22,OIJIJ 47,llIJ 25,110 I
BusÌness license 120,OOIJ 120,000 124,120 4,120
!'ire permits 67,650 67,650 76,122 8,472
Sub-total 2,025,003 2,025,003 3,090,992 1,065,9H9 I
Pines and Forleitures:
Parking fjne, 53,500 53,5IJIJ 64,426 10,926
Other court fines 50,IJOO 50,000 50,340 340 I
OtheT fines & penallies 3,IJIJIJ 3,000 2,603 (397)
Sub-total 106,5IJO 106,500 117,369 10,869 I
Revenue From Use of Money and Property:
Interest 751,710 751,710 492,971 (258,739)
Rent & COI\ce"ion: I
hdd rcntals 30,050 30,050 6,969 (23,081)
Buildin¡,; 74,430 74,430 60,507 (13,923)
Pool 11,745 11,745 21,H46 10;101 I
Heritage Center 6,375 6,375 3,070 (3,305)
Commulúty gym 23,240 23,240 38,349 15,109
Sub-total 897,550 897,550 623,712 (273,838) I
66 I
I City of Dublin
I Schedule of Budget Versus Actual Revenues by Sources
General Fund, Continued
For the fiscal year ended June 30, 2004
I
I Variance wilh
Final Budget .
Budgeted Amount. Actual Positive
I Ori~~ina I Final Amount,; (Negative)
Intergovemmental Revenues - State:
Motor vehicle in-lieu tax $ 2,218,000 $ 1,762,000 $ 1.682.152 $ (79,848)
I Off highway vehicle in-lieu tax 900 900 1.034 134
] lomeowner's property tax relief 154,000 154,000 145,807 (8)93)
Sub-total 2,372,900 1,916,900 1,828,993 (87,907)
I Charges for Services:
Zoning & sU bJivision fees 1,646,940 1.850,940 1,889,543 38,603
I Plan check & inspection fees 1,389,500 1,389,500 1,340,742 (4H,75H)
Fire plan check and inspection fees 115,060 115,060 133,716 IH,656
Sale of maps and ùot:uments 20,000 20,000 15,424 (4,57fi)
I Specia I police .seTvjces. 17,000 17,000 20,231 3,231
Fire service charg(:~ 437,400 437,400 149,502 (287,898)
Cultural arts 8,000 8,000 6,417 (1,583)
I Park and Recreation Fees:
Recreation instruction 167,825 167,825 155,252 (12,573)
Preschool 80,005 HO,005 9H,046 18,041
I Spedal events 111,306 111,30fi 116,547 5,241
Playgrounds 174,851 174,851 170,788 (4,063)
Teens 47,235 47,235 38,735 (8,500)
I Adult sports 66,792 66,792 59,874 (6,918)
Aquatics 169,020 169,020 178.959 9,939
Senior 51,944 51,944 47,204 (4,740)
Youth sports 96,944 96,944 115,345 18,401
I Heritage Center 875 875 3,646 2,771
Building use insurance 9,345 9,345 6,917 (2,428)
Zone 7 drainage fees 826 826 3,005 2,179
I Dur program 3,000 3,000 37 (2,963)
Booking fees recovery 83,200 83.200 69,218 (13,982)
Solid waste fees 109,956 109.95fi 116,31fi 6,360
I Internment 6)80 6,180 8,Ol0 1,830
Cable support fees 55,584 55,584 57,663 2,079
Su b-total 4,868,788 5,()72,788 4,8D1,137 (271,651)
I Other Revenues:
Contributions 132,071 132,071 n701 (59,370)
I :rv1iscenan~ous 9,000 9,000 90,362 81,3fi2
Reimbursement - general 402,000 993,334 687,023 (306,311)
Reimbursement - public damage 8,000 8,000 10,348 2,348
I Sub-total 551,071 1,142,405 860,434 (281,971 )
Total revenue6 by sources $ 37,600,328 $ 37,939,662 $ 39,320,708 $ 1,381,04fi
I 67
City of Dublin I
Schedule of Budget Versus Actual Departmental Expenditures I
General Fund
For the fiscal year ended June 30, 2004
I
Variance with
Final Budget - I
Budgeted Amounts Actual Positive
Original Final AmolUlts (Negative)
General Govel'l1ment: I
City Council $ 227,850 $ 250,580 $ 209,858 $ 40,722
City Manager 823,204 828,110 817,034 11,076
Central services 364,960 370,244 341,914 28,330 I
City Attorney 646,047 809,745 700,798 108,947
Administrative services 1,360,195 1,361,492 1,244,537 116,955
Building management 717,595 757,523 757,523 I
Insurance cost center 430,405 430,405 420,062 10,343
Flection cost center 2,800 2,800 2,541 259
Nondepartmental 250,000 151/214 126,164 25,050 I
Sub-total 4,823,056 4,962,113 4,620,431 341,682
Public Safety:
Police 8,601,317 8,605,679 8,570.944 34,735 I
Crossing guards 71,462 71,462 65,794 5,668
Atùmal control 197,194 198,954 198,954
Traffic signals and street lighting 11 ,150 "11,150 6,543 4,607 I
Disaster preparedness 71,952 72,001 70,994 l,007
Fjye seTvlces 7,159,187 7,440.539 7,440,483 56
Sub-total 16,112,262 16,399,785 16,353,712 46,073 I
Highways and Streets:
Public works administration 694.417 697,824 686.881 10,943
Street m.aintenance 10,004 10,004 3,704 6,300 I
Street sweeping 145.676 148,220 130,351 17,869
Street tree maintenance 118,188 "118;188 117,583 605
Street landscape maintenance 638,817 638,8"17 593,481\ 45,329 I
Sub-total 1,607,1 02 1,613,053 1,532,007 81,046
Health and WeHare:
Waste luanagen1cnl 8,691 46,419 46,419 I
Child care 18,500 18,500 18,500
Social serv ices l,OOO 1,000 1,000
Housing programs 3,150 19,750 16,893 2,857 I
St1b-total 31,341 85,669 82,812 2,857
Culture and LeÎ!õnue: I
Library services 553,662 553,662 522,604 31,058
Cultural activities 138,088 138,563 110,249 28,314
Heritage Center 114,188 114,773 99,621\ 15,145
Cemetery operation 43,858 54,858 53,534 1,324 I
Pal'k u\aintenancc 1,457,804 1,457,804 1,403,775 54,029
Community cable television 64,634 64,634 62,021 2,613
Parks and comm.unîty services 2,707,881\ 2,733,475 2,599,745 133,730 I
PaT'ks and faclllties nlanagement 249,479 253,285 246,546 6,739
Sub-total 5,329,601 5,371,054 5,098,102 272.952
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City of Dublin
Schedule of Budget Versus Actual Departmental Expenditures
General Fund, Continued
For the fiscal year ended June 30, 2004
Variance with
Final Budget·
Budgeted Amounts Actual POf:ìitîve
Original Pinal Amounts (Negative)
Community Development'
Plamung/building safely $ 4,275,977 $ 4,434,209 $ 4,178,614 $ 255,595
Engineering 1,900,7IJ5 1,923,433 1,861,972 61,461
Economic development 280,909 310,115 302,"134 7,981
Sub-total 6,457,591 6,667,757 6.342,720 325,037
Capital Outlay:
General improvements 983,660 1,802,739 1,16:\,181 639,558
Community improvements 845,044 989,845 718,086 271,759
Parks 2,869,563 2,900,493 1.831,349 "1,069,144
Street construction and Îll\prOVenlents 736.730 1,340.488 938,789 401,699
Sub-total. 5,434,997 7,033,565 4,651,405 2,382,160
Total expenditures $ 39,795.950 $ 42,132,996 $ 38.681,"189 $ 3,451 .807
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual- Traffic Impact Fees Capital Projects Fund
For the ycar ended June 30, 2004
Budp;eted Amounts
Origina I I-'inal
AchtaJ
Amounts
Variance. with
Final Budget -
Positive
(Negative)
REVENUES:
Interes t
Developer fees
T olal revenues
5 477,371
10,094,000
10,571,371
$ 477,371
10,094,000
10,571,371
$ 176,7H2
4.872,735
5,049,517
$ (300,589)
(5,221,265)
(5,521,854)
EXPENDITURES:
Currenl:
General government
Capital outlay:
Parks
Street.
Total expenditures
1,480,937 1,480,936 1
407,570 407,570 136.169 271,401
16.71 1 ,H23 17,886,304 3,886,399 13.999,905
17,119,393 19,774,811 5,503,504 14,271,307
$ ((,,548,022) $ (9,203,440) (453,987) $ 8,749,453
N el change in fund balance
FUND BALANCE:
Begimung of year
End of year
17,776,381
$ 17,322,394
71
City of Dublin
Schedule of Revenues, Expenditure~ and Changes in Fund Balances -
Budget and Actual - Public Facilities Fees Capital Projects Fund
For the year ended June 30, 2004
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1,483,920 1,483,920 1,483,920
3,675,034 3,753,061 3,308.611 444,450
5;158,954 5,236,981 3.308.611 1.928,370
$ (361,446) $ (439,473) 2,975,263 S 3,414,736
Budgeted Amount-
Original Final
REVENUES:
Interest
D"vel"per fees
Total revenues
$ 70,508
4,727,000
4,797,508
$ 70,508
4,727,000
4,797,508
EXPENDITURES:
Capital outlay:
General
Parks
Total expenditures
Net change in fund balance
FUND BALANCE:
Begitming of year
End of year
72
Actual
Amount~
$ 49,596
6,234,278
6,283,874
3,086,466
$ 6,061,729
Variance with
Pinal Budget-
Positive
(Negative)
$ (20,912)
1,507,278
1,486,366
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual" Park Dedication Capital Projects Fund
For the year ended June 30, 2004
86,855 150,037 108,089 41,948
86,855 150,037 108.089 41,948
$ 1.922,677 $ 1,859,495 (98,963) $ (I ,958,458)
Budgeted Amounts
Odginal Final
REVENUES:
$ 37,766
1,971,766
2,009,532
$ 37,766
1,971,766
2,009,532
Interest
Developer fees
Total revenues
EXPENDITURES:
Capital Dutlay:
Parks
Total expenditures
Net change in fund balance
FUND BALANCE:
Begmning of year
End of year
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Actual
Amounts
$ 9,126
9.126
1,050,603
$ 951,640
Varia.nc(~ with
Final Budgel-
PositiVt,~
(Negabve)
$ (28,610)
(J,97J,766)
(2.000A06)
GcneTal government
Capital outlay:
General
Tolal expenditures
3,600 3,600 3,600
102,875 1,064,014 1.007,729 56,285
106,475 1,067,614 1,011,329 56,285
$ (27,895) $ (899,034) (735,641) $ 163,393
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances·
Budget and Actual- Fire Impact Fees Capital Projects Fund
For the year ended June 30, 2004
Budgeled Amounts
Original Final
Actual
Amounts
Varjance wjth
Pinal Budget -
Po~itive
(Negative)
REVENUES:
Intereft;t
Developer fecs
Tolal revenues
$
580 $
78,000
78,580
580
168,000
168,580
$
275,688
275,688
$ (580)
107,688
107,108
EXPENDITURES:
Nel change in fund balance
FUND BALANCE:
Beginning of year
End of year
(1,075,338)
$ (1,810,979)
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NON-MAJOR
GOVERNMENTAL FUNDS
Special I{evenue 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.
Special Criminal Activit.y 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 (SLES/COPS) - Established to aççount for police expenditures funded by a
State grant.
Federal Police Granl- Established to accOlmt for police expenditures funded by a Federal grlU1t.
CLEEP Grant - Established to account for police tedmology expenditures funded by a State grant.
Traffic Safety Fund - Established to account for the receipt of traffic fines and traffic safety expenditures.
State Gas Tax Fund - Established to account for receipt of state gasoline taxes and expenditures.
Community Development Block Grant (CDBG) Fund - Used to account for grants and expenditures related
to çommunity development block grants.
lntermodal Surface Transfwrtation Efficiency aSTEA) Act - Established to account for street construction
expenditures funded by a Federal grant.
rEMA Fund - Established to account for expenditures funded with FEMA grants.
Measure B Sales Tax TransportaUon Fund - Established to account for ,m Alameda County voter approved
increase in sales tax used for improvements on streets and roads.
State Transportation Im¡mJVement - Established to account for grant receipts from the state used for capital
improvements On local streets.
Transportation for Clean Air (ITCA) - Established to account for grant receipts from the State to be used for
capital improvements On local str.>ets.
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).
75
NON-MAJOR
GOVERNMENTAL FUNDS
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Measure D Recycliug Frmd ~ Established to account for thc uSe of funds received which are levied by the
County pursuant to a charter amendment and are provided for recyclinf, and related activities.
Garbage Service f"uud - Established to account for the use of funds received which are levied by the county
for garbage pick-up and removal and recycHng services.
Measure B Bike aud Pedestriau- Established to account for an Alameda County voter approved increase in
sales tax used for bike and pedestrian related projects.
EMS f"uud - Established to account for excise taxes received to fund the costs of providing Emergency
Medical Services.
Traffic Cougestion Relief - Established to account for h'affic congestion relief expenditures funded by a State
grant.
IIollsiug and Noise Mitigation - Established to account for impact fees received from developers of
properties, which can only be used for the design, development, and conSh'uction of citywide affordable
housing projects and noise mitigation projects in Eastern Dublin.
Dublin Informatiou Inc. (VIl) - Established to account for the expenditures of DlI, a separate legal entity,
which has assisted in providing financing to the City.
Maiuteuance Districts - Established to account for revenue and related expenditures of lighting and
landscape districts.
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TJ,is page intentionally left blank.
77
City of Dublin
Combining Balance Sheet
Non-Major Governmental Funds
June 30, 2004
$
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F~d~ral I
Police Gl'ant
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ASSETS
Cash and investnlent.:;
Accounts receivable
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Aççounts paya.ble
Contract retention payable
Due to other funds
Total HabiHties
Fund Balances:
Res~rved lor:
Recycling programs
Public salely programs
Street nlaintenance and construction
Health and wellare programs
Capital improvement projects
Total fund balances
TotalliabiHtie. and fund balances
Special Revenue Funds
Special Supplemental
CrinÜna] Vehicle Law
Activity Abatem~nt EnfQrçcmt:~nt
$ 21,597 $ 96,651 $ $
$ 21,597 $ 96,651 $ $
$
$
$
21,597
96,651
$
21,597
21,597 $
96,651
96,651 $
78
$
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Special Rcvcnu" Funds
lntermodal
Contmunit:y Surface
Devdopment Transportation
CLEEP Grant Traffic Safety State Gas Tax ßlock Grant Efficiency Ad FEMA
$ $ 157,734 $ 1,587,262 $ $ $
28,233 57,995 127,000
$ $ 185,967 $ 1,587,262 $ 57.995 $ 127,000 $
$
5
12,252 $
26.595 $ 23,153 $ $
2,614 1 2,359
34,842 114,641
29,209 57,995 127,000
12,252
"173,715
1,558,053
$
$
173,715
185,967 $
1.558,053
1.587,262 $ 57,995 $
127,000 $
(Continued)
79
City of Dublin
Combining Balance Sheet
Non-Major Governmental Funds, Continued
June 30, 2004
$
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Storm
Water I
Runoff
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80 I
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80 I
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Measure B
Sale Tax
'l'ransportation
ASSETS
Cash and investments
Accounts receivable
$
Total assets
$
LIABILITIES AND FUND BALANCES
Liabilities:
Acc()unt"ì payable
Contr,'ct retention payable
Due to other funds
484,142 $
43,754
527,896 $
Special Revenue Funds
State
Transportation
Improvement
'l'ran.sportabon
for Clean Air
143,444 $
184,827
328,271 $
10,572
10,572 $
$ 196,311 $
28,552
224,863
Total liabilities
Fund Balances:
R"'erved for:
I{ecychng programs
Public safety programs
Strcel maintenance and construction
HealUl and welfare pn)BTamS
Capital improven",nt projects
Total fund balances
Tota] liabilities and fund balances
303,033
$
303,033
527,896 $
80
143,444 $
10,572
10,572
143.444
184,827
]84,827
328,271 $
10,572 $
$
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I Special Revenue Funds
Measure B Traffic Housing and
I Measure D Garb.g~ Bike and Congestion Noise
Recycling Service Pedestrian EMS Relief MitiRatinTI
I S 503,113 $ 483,226 $ 13,:'\40 $ 183,820 $ 53,660 $ 9,697,252
214,561 12,787 13,404 2H,39 I
I $ 717,674 $ 496,013 $ 26,744 $ 212,211 $ 53,660 $ 9,697,252
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$ 152,819 $ 495,665 $ 1,519 $ 183,819 $ 53,660 $ 405
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152,819 495,665 "1,519 183,819 53,660 405
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I 564,1155
28,392
I :'\48 9,696,847
25,225
564.855 :'\48 25,225 28,392 9,696,847
I $ 717,674 $ 496,013 $ 26,744 $ 212,211 $ 53,660 $ 9,697,252
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Cash and investment,
Accounts receivable
Total assets
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City of Dublin
Combining Balance Sheet
Non-Major Governmental Funds, Continued
June 30,2004
Special Revenue Funds
Maintenance Districts
Dublin Dougherty
Information Street Stagecoach Landscape &
Inc. Lighting Landsca pe Lighting
$ $ 148,047 $ 41.570 $ 55,502
1,689 415 545
$ $ 149.736 $ 41,985 $ 56,047
ASSETS
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Contract retention paysbl~
Due to ntheT funds
$
$
17,451 $
2,860 $
16.485
Totall.iabilities
Fund Balances:
ReseTved fOT:
Recycling proL"Tams
Public safety programs
StrC'c;:.~t maintenance and constTuction
H~alth and welfare programs
Capital improvement projech
Total fund balances
17,451
2,860
16,485
132,285
39,125
39,562
Total liabilities and fund balances
$
$
132,285
149.736 $
39,125
41,985 $
39,562
56,047
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I Special Revenue Funds
Maintenance Districts Total
Santa Rita ])u bUn Street Non-Major
I Assessment Lighting Governmental
District 97-1 AsseSSlnent Funds
I $ 121,767 $ 111.992 $ 13,904,]]9
720 158 725,131
I $ 122,487 $ 112.150 $ -14,629,250
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$ 32,172 $ 7,698 $ 1,366,308
I 43,525
160,055
32,172 7,698 1,569,888
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I 564,855
320,355
90,en5 104,452 2,451,732
I 9,697,195
25,225
90,315 104,452 B,059,362
I $ 122,487 $ 112,150 $ 14,629,250
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(Concluded)
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City of Dublin I
Combining Statement of Revenues, Expenditures and Changes in Fund Balances I
Non-Major Governmental Funds
For the year ended June 30, 2004 I
Special Revenue Funds
Special Supplemental I
Criminal Vehicle Law Federal
Activity Abatement Enforcement Police Grant
REVENUES: I
Property taxe,"! $ $ $ $
Taxes other than property I
Intergovernnlental 22,257 100,000 16,398
Charges for service
Interest 209 1,042 195 59
Fines and forfeitures I
Developer fces
Other revenue
Special assessmenþ) I
Total revenues 209 23,299 100,195 16,457
EXPENDITURES: I
Cu tTent:
Ge,neral government
Public safety 1,170 21 ,'158 100,332 1ó,4ó9 I
Highways and streets
HealU1 and welfa,-e
CommlUuty development I
Capital outlay:
Community i.mprovement
Parks
Streets I
Total expenditures 1,170 21,958 100,332 16,469
REVENUES OVER I
(UNDER) EXPENDITURES (961) 1,341 (137) (12)
OTHER FINANCING SOURCES (USES): I
Transfer in
Ttansfer out (15,242)
Total other financing sources (uses) (15,242) I
RINENUES AND OTHER
FINANCING SOURCES OVER
(UNDER) EXPENDITURES AND I
OTHER FINANCING USES (961) (13,901) (137) (12)
FUND BALANCES: I
BegilUUng of year 22,558 110,552 137 12
End of year $ 21,597 $ 96,651 $ $
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I Special Revenue Funds
I IntermodaI
Community Surface
Devciopmont Transportation
CLEEP Grant Traffic Safety State Gas Tax Block Grant Efficiency Act FEMA
I $ $ $ $ $ $
I 673,217 101,562 127,000 8,179
83 1,540 14,196
I 154,784
I 83 156,324 687,413 101,562 127,000 8,179
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I 21,559 142,203 1,247 127,000 8;179
216,334
78,935
6,000
I 16,027
I 207,8U7
21,559 142,203 431,388 94,962 127,000 8,179
I (21,476) 14,121 256,025 6,600
I (6,600)
I (6,600)
I (21,476) 14,]21 256,025
I 2"1,476 159,594 1.302,028
$ $ 173,715 $ 1,558,053 $ $ $
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85
City of Dublin I
Combining Statement of Revenues, Expenditures and Changes in Fund Balances I
Non-Major Governmental Funds, Continued
For the year ended June 30, 2004 I
Special Revenue funds
Measure B Slate Storm I
Sale Tax Transportation Transportation Water
'I'ra:nsportation Inlpl'OVClllcnt for Clean Air Runoff
REVENUES: I
Property taxes $ $ $ $
Taxes other than property 274,7U8 I
Intergovernmental 1,675,457 1 ()7,()()0
Charges for service 96
Interest 3,545
Fines and forfeihtres I
Developer fees
Oth~J' revenue
Special asse.ssments I
l' olal revenues 278.253 1,675,457 1U7,UUU 96
EXPENDITURES: I
Current:
General government
Public safety I
Highways and streets
Health and welfare
Community development
Capital outlay: I
Community improvement
Parks
Slreets 225,141 J,49(),63() 107,000 I
Tota' expenditures 225,141 1,490,63U ] ()7,()()()
REVENUES OVER I
(UNDER) EXPENDITURES 53,112 184,827 96
OTHER FINANCING SOURCES (USES): I
'J'ran.sfer in
T ra.nsfer au t (43)
Total other financing sources (uses) (43) I
REVENUES AND OTHER
HNANCING SOURCES OVER
(UNDER) EXPENDITURES AND I
OTIIER FINANCING USES 53,112 1 H4,H27 53
FUND BALANCES: I
Beghming of year 249,921 27
End of year $ 303,033 $ 184,827 $ $ 80
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I McasuJ'~ B Traffic Housing and
Measure D Garbage Hike and Congestion Noise
Recycling Service Pedestrian EMS Relief Mjtigation
I $ $ $ $ 105,605 $ $
I 82,734
175,31:'1 106,791
988,737
4,599 3,466 261 65 562 95,341
I 2,072,573
291,518
I 471,4-10 992,203 82,995 2"12,461 562 2,167,914
I 88,894
I 211.138
355,189 992,830 2,252,494
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41,572
I 82,747 53,383
396,761 992,830 82,747 211,138 53,383 2,341,38R
I 74,669 (627) 248 1.323 (52,821) (173,474)
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I 74,669 (627) 248 1,323 (52,821) (173,474)
I 490.186 975 24,977 27,069 52,821 9.870.321
$ 564,855 $ 348 $ 25,225 $ 28,392 $ $ 9,696,847
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87
City of Dublin I
Combining Statement of Revenues, Expenditures and Changes in Fund Balances I
Non-Major Governmental Funds, Continued
For the ycar cndcd Junc 30, 2004 I
Spedal Revenue Funds
Maintenance Districts I
Dublin Dougherty
InfOl'nlal'ion Street Stagecoach Landscape &
Inc. Lighting Landscape Lighting
REVENUES: I
Property taxes $ $ $ $
Taxes other than property I
1ntergnvernmental
Charges for service
Interest 1,359 :\34 350
Fines and forfeitures I
Developer fees
Other revenue 144
Speçiat assessments 219,942 60,385 88,438 I
Tota.l revenues 221,445 60,719 88,788
EXPEN DlTVR ES: I
Current:
General government 20
Pu blit safety 182,469 I
Highways and streets 1,352 53,'1"19 76,3H6
Health and we]fare
Conununity development 6,651 3,204 1,]58
Capital outlay: I
Community Ünproveme:nt
Parks
Streets 53,982 I
Total expenditures 20 244,454 57,123 77,544
REVENUES OVER I
(UNDER) EXPENDITURES (20) (23,009) 3,596 11,244
OTHER FINANCING SOURCES (USES): I
Transfer in 20
Transfer ou t
Total other financing .OUrees (uses) 20 I
REVENUES AND OTHER
FINANCING SOURCES OVER
(UNDER) EXPENDITURES AND I
OTHER FINANCING USES (23,009) 3,596 1"1,244
FUND BALANCES: I
ßeginning of year 155,294 35,529 2B,31B
End of year $ $ 132,285 $ 39,125 $ 39,562
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I Maintenante Districts
Santa Rita Dublin Street Non-MajOT
ASSes.Slllenl Ugh ting GoveT'I1mentaJ
Districl97-1 Assessment Funds
I $ $ $ ]()5,605
357,442
I 3,113,174
988,833
1,068 985 129,259
I 154,784
2,072,573
291,662
I 180,702 43,734 593,201
181,770 44,719 7,806.533
I 88.914
I 35,065 868,789
192,808 540,799
3,679,448
1,179 2,815 21,007
I 16,027
41,572
I 2,220,690
193,987 37,880 7,477,246
I (12,217) 6,839 329,287
I 20
(21,8~5)
I (21,865)
I (12,217) 6,839 307,422
I 102,532 97,613 12,751,940
$ 90,315 $ 104,452 $ 13,059,362
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I (Concluded)
S9
City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - Special Criminal Activity Special Revenue Fund
For the year ended June 30, 2004
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Bud¡:>;eted Amounts
Orî~{inal Pinal
REVENUES:
J ntf::~n~st
Other income
Total revenues
$
345
2,000
2/\45
$
345
2,000
2,345
EXPENDITURES:
Current:
Public safety
Total expenditures
AclLlal
Amount.,
$ 209
209
Varl.ançt~ with
Final Bud¡:>;ct-
Positive
(N"gativ,,)
$ (136)
(2,000)
(2,136)
6,625 6,625 1,170 5.455
6,625 6,625 1,170 5,455
$ (4,280) $ (4,280) (961) $ 3,319
Net change in fund balance
FUND BALANCE:
B~ginning of year
End of year
90
22,558
$ 21,597
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual- Vehicle Abatement Special Revenue Fund
For the year ended June 30, 2004
22,O()() 22,000 21,958 42
22,()00 22,000 21,958 42
(2,133) (2,133) 1.341 3,39()
Budgeted Amomlls
Original Pinal
RF.VF.NUES:
$
Intergovernmental
Interest
Total revenues
$
18,000
1,867
19,867
18,000
1,867
19,867
EXPENDITURES:
Current:
Public safety
Total expenditures
REVENUES OVER (UNDER) F.XPENDlTURES
OTHER FINANCING (USES):
Transfers out
15,750
15,750
Total other financing (uses)
REVENUF.S AND OTHER FINANCING
SOURCF.S OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES
$
(2,133) $
13,617
FUND BALANCE:
Beginning of year
End of year
91
Actual
Amounts
$ 22,257
1,042
23,299
(15,242)
(15,242)
(13,901)
".1".10,552
$ 96,651
Variance with
I'ina¡ Budget-
Positive
(Negative)
$ 4,257
(1\25)
3.432
(30,992)
(30,992)
$ (27,518)
Net change in fund balance
100,000 "100,333 100.332 1
100,000 100,333 100,332 1
$ 44 $ (289) (137) $ 152
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - Supplemental Law Enforcement Special Revenue Fund
For the year ended June 30, 2004
Budgeted Amounls
Ori,{inal F:inal
Actual
Amounts
Variance wjth
Final Budget -
PO~Îtive
(Negative)
REVENUES:
Intergovern.nental
Interes.t
Total Tevenue~
$ 100,000
44
100,044
$ 100,000
44
100,044
$ 100,000
195
100,195
$
151
151
EXPENDITURES:
Current:
Public safety
Total expenditures
FUND BALANCE:
Begirurlng of year
End of year
137
$
92
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - Federal Police Grant Special Revenue Fund
For the year ended June 30, 2004
19,652 16,470 16,469 "I
19,652 16,470 16,469 "I
$ 23 $ (49) (12) $ 37
Bud!(eted Amounts
Ori!(inal Pinal
REVENUES:
$
$
Intergovernmental
Interesl
Total revenues
19,652
23
19.675
)(,,398
23
16,421
EXPENDITURES:
Current:
I'u blic safety
Total expendihues
N el change in fund balance
FUND BALANCE:
Beguming of year
End of year
93
Actual
Amounts
$ 1(,,398
59
16,457
$
Variance with
Final Budget-
Positive
(Negative)
$
36
36
12
Interest
Total revenues
$
216
2]6
$
216
216
$ 83
83
$ (J33)
(133)
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual. CLIP Grant Special Revenue Fund
For the year ended June 30, 2004
Bud¡>;eted Amourtts
Original Firtal
Actual
Amounts
Vadance with
Firtal Budget-
Positive
(Negative)
REVENUES:
EXPENDITURES:
Current:
Public safety
Total expenditures
20,458 21-560 21-559 1
20,458 21,560 21,559 1
$ (20,242) $ (21,344) (21,476) $ (132)
N ct change in fund balance
FUND BALANCE:
Beginning of year
End of year
21,476
$
94
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual- Traffic Safety Special Revenue Fund
For the year ended June 30,2004
Budgeted Amounts
Original Final
Actual
Amount"ì
Variance with
final Budgel -
Positive
(Negative)
REVENUES:
Interest
Fin~s and forfeitures
Total revenueS
$ 3,307
149,000
152,307
$ ("1,767)
5,784
4,017
$ 3,307
149,000
152,307
$ 1,540
154,784
156,324
EXPENDITURES:
CutTent:
Public saft,ty
Total expellditures
186,600 186,600 142,203 44,397
186,600 186,600 I42,203 44,397
$ (34,293) $ (34,293) 14,121 $ 48.414
Net challge ill fund balance
FUND BALANCE:
Begi.tming of year
End of year
159,594
$ 173,715
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - State Gas Tax Special Revenue Fund
For the year ended June 30, 2004
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2,900 2,900 1,247
237,579 237,579 216,334
6,000 6,000 6,000
510,986 510,366 207,807
757,465 756,845 431,388
$ (74,623) $ (74,003) 256,025
Budgeted Amounts
Original Final
REVENUES:
Intergoverrunental
Interest
$ 659,600
23,242
682,842
$ 659,600
23,242
682,842
Total Tevenues
EXPENDITURES:
Current:
Public safety
Highways and "treels
Comnlllnity development
CapjtaI outlay:
Streets
'J'ota] expenditures
Net change in fund balance
FUND BALANCE:
Begi.tUling of year
End of year
96
Actual
Amom1ts
$ 673,217
14,196
687,413
1,302,028
$ 1,558,053
Variance with
Final Budget-
Positive
(Negative)
S 13,617
(9,046)
4,571
U53
21,245
302,559
325,457
$ 330,028
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - CDBG Special Revenue Fund
For the year ended June 30, 2004
78,935 78,935 78,935
16,027 16,027 16,027
94,962 94,962 94,962
6,600 6,600 6,600
Budgeted Amounts
Original Final
REVENUES:
$101,562
$101,562
101,562
Intergovernmental
Total revenue.
101,562
EXPENDITURES:
Current:
Health and welfare
Capital outlay:
COß1m.unity in\prOVenlent
Total exp enditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING (USES):
(6,600)
(6,600)
Transfers out
Total other financing (uses)
$
$
Net change in fund balance
6,600
FUND BALANCE:
Beguming of year
End of year
97
Actual
Amounts
$ 101,562
101,562
(6,600)
(6,600)
$
Variance with
Final Budget-
Positive
(Negative)
$
$
City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - ISTEA Special Revenue Fund
For the year ended June 30, 2004
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122,670 "127,000 "127,000
122,670 "127,000 127,000
$ 1.425,062 $ (5,534) $ 5,534
Bud¡:eted Amounts
Original Pinal
REVENUES:
lnter~overnm~nta I
Totall'evenues
$] ,547,732
1,547,732
$ 121,466
121,466
EXPENDrfURES:
Current:
Public safely
Total expenditures
Net çhange in fund balançe
FUND BALANCE:
Beginning of year
End of year
98
Actual
Amounts
$ 127.000
127,000
$
Variance with
Final Budget -
Positive
(Ne¡:ative)
$ 5,534
5,534
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - FEMA Special Revenue Fund
For the year ended June 30, 2004
Budgeted i\mOlmts
Ori¡;inal Final
Actual
Amounts
Variance with
Final Budget -
Positive
(Negative)
REVENUES:
Intergovernmental
Total revenues
$
8,180
8.180
$
$ 8,179
8,179
$ (1)
(1)
7,000
7,000
EXPENDITURES:
CUlTent:
Public safety
"1"ot31 expenditures
7,000 8,180 8,179 1
7,000 8,180 8,179 I
$ $ $
Net change in fund balance
fUND BALANCE:
Begil1lUng of year
End of year
$
99
EXPENDITURES:
Capitalout11Y:
Streets
Total expenditures
245,000 245,000 225,141 19,859
245,000 245,000 225.141 19,859
$ 11,922 $ 10,922 53,112 $ 42,190
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - Measure B Sales Tax Transportation Special Revenue Fund
For the year ended June 30, 2004
ßudgeted Amounts
Original Final
Actual
Amounts
Variance with
Fillal Budget.
Positive
(Negative)
REVENUES:
Taxes other than property
¡nteres t
Total revenues
$ 253,000
3,922
256,922
$ 253,000
2.922
255,922
S 274,708
3,545
278,253
$ 21.708
623
22,331
Net change in fund balance
FUND BALANCE:
Be~Înn'¡n~ of y{~aJ'
End of year
249,92J
$ 303,033
100
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual- State Transportation Improvement Special Revenue Fund
For the year ended June 30,2004
Budgeted Amounts
Original Final
Variance with
final Budget -
Positive
(Negative)
Actual
Amounts
REVENUES:
Intergovert1lJlental
Total revenues
$
67,153
67,153
$ 1,479,749
1,479,749
$ 1,675,457
1,675,457
$ 195,7U8
195,708
EXPENDITURES:
Capital outlay:
Street.
Total expendihtres
67,153 1,510,363 1,490,630 1 Y,733
67,153 1,510,363 1,490,630 19,733
$ $ (30,614) 184,827 $ 215,441
Net change in fund balance
FUND BALANCE:
Beginning of year
End of year
$ 184,827
101
City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual- Transportation for Clean Air Special Revenue Fund
For the year ended June 30, 2004
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Budgeted Amount'
Or;g;llal Final
REVENUES:
Intergovernmental
Total revenues
$ 107,000
107,000
EXPENDITURES:
Capital outlay:
Streets
Total expenditures
107.000
107,000
Net change in fond balance
$
FUND BALANCE:
B{~ginnin1i of yeaT
End of year
102
$ 107,000
107,000
107,000
107,000
$
Actual
Amounts
$
107,000
107,000
107,000
107,000
$
Variance with
Final Budget -
Positôve
(Negative)
$
$
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual- Storm Water Runoff Special Revenue Fund
For the year ended June 30, 2004
Bud!,eted Amounts
Original !-'ina!
REVENUES:
$
Charges for services
Total revenues
OTHER FINANCING (USES):
Tran!;fers out
Total other financing (uses)
$
Net change in fund balance
FUND BALANCE:
ßegìnning of year
End üf year
103
$
$
Actual
Amounts
$ 96
96
(43)
(43)
27
$ 80
Variance with
Final Budget -
PO(,oìitive
(Negative)
$ 96
96
(43)
(43)
53
$ 53
City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual· Measure D Recycling Special Revenue Fund
For the year ended June 30, 2004
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352,226 402,226 355,189
38,304 41,572 41,572
390,530 443,798 396,761
$ (125,733) $ (179,001) 74,669
Budgeted Amounts
Original Final
REVENUES:
Intergovernmental
Interest
Other revenue
Total revenues
$ 161,700
3,097
100,000
264,797
$ 161.700
3,097
100,000
264,797
EXPENDITURES:
Current:
Health and welfare
Capital [Juday:
Parks
Total expenditure"
Net change in fWld balance
FUND BALANCIi:
Beginning of year
End of year
104
Actual
AmOlmts
$ 175,313
4,599
291,518
471,430
490,186
$ 564,855
Varlance with
!'in.1 Budget -
Positive
(Negative)
$ 13,613
1,502
191,518
206,633
47,037
47,037
$ 253,670
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balançes -
Budget and Actual- Garbage Service Special Revenue Fund
For the year ended June 30, 2004
Budgeted Amounts
Original Final
Actual
Amounts
Variance with
Final Budget·
Positive
(Negative)
REVENUES:
Charges for servíccs
Interest
Total revenues
$ 981,937
$ 6,800
3,466
10,266
$ 981,937
$ 988,737
3,466
981,937
981,937
992,203
EXPENDITURES:
Current:
Health and welfare
Total expenditures
993,099 993,099 992,830 269
993,099 993,099 992,830 269
$ (11,162) $ (11,162) (627) $ 10,535
Net change in fund balance
FUND BALANCE:
Beginning of year
End of year
975
$ 348
105
City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - Measure B Bike and Pedestrian Special Revenue Fund
For the year ended June 30, 2004
Budgeted Amollnls
Original Final
Actual
Amounts
REVENUES:
Taxes other than properly
lntetest
Total revenues
$
80,000
313
80,313
$
80,000
313
80,313
111,505 111,505 82,747 28,758
111,505 111,505 82,747 28,758
$ (31,192) $ (31,192) 248 $ 31,440
EXPENDITURES:
Capital outlay:
StTeets
Total expenditures
Net change in fnnd balo.nœ
FUND BALANCE:
Beginning of year
End of yea r
$
82,734
261
82,995
$
24,977
25,225
106
Varîance with
Final Budget -
Positive
(NegaHve)
$ 2.734
(52)
2,682
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances"
Budget and Actual - EMS Special Revenue Fund
For the year ended June 30, 2004
Budgeted Amounts
Original Fina I
Variance with
Final Budget"
Posjtiw
(Negative)
Actual
Amoultts
REVENUES:
Property tax"s
Intergovernmental
Interest
Total revenues
$ 108,192 $ 108,192 $ 105,605 $ (2,587)
142,387 142,387 106,791 (35.596)
534 534 65 (469)
251,113 251,113 212-461 (38,652)
EXPENDITURES:
Current
Public safety
Total expenditures
250,579 250,579 2"11,138 39,441
250,579 250,579 211,138 39,441
$ 534 $ 534 1,323 $ 789
Net change in fund balance
FUND BALANCE:
Beginning of year
End of year
27,069
$ 28,392
J07
City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual- Traffic Congestion Relief Special Revenue Fund
For the year ended June 30, 2004
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53,384 53,383 1
53,3M 53,383 1
$ 39 $ (53,345) (52,821) $ 524
Budgeted Amounts
Original Final
REVENUES:
Interest
Total revenues
$
$
39
39
EXPENDITURES:
Capital outlay:
Streets
Total expenditures
Net change in fund balance
FUND BALANCE:
Begi.tuling of year
End of year
108
Actual
Amount.
39
39
$ 562
562
52,821
$
V aT'iancc..~ with
Final Budget -
Positive
(Negative)
$ 523
523
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual- Housing and Noise Mitigation Special Revenue Fund
I;or the year ended June 30, 2004
Budgeted Amounts
Original Final
Actual
Amounts
Variance with
Final Budget"
Positive
(Nq:ative)
REVENUES:
Interest
Developer fees
Tolal revenues
$ 173,726
2,246,000
2,419,726
$ 173.726
2,246,000
2,419,726
$ 95,341
2,072.573
2,167,914
$ (78,385)
(173,427)
(251,812)
EXPENDITURES:
Current:
Gencralgovernrn~t
Health and we! fa re
T olal expenditures
25,200 88,894 88,894
296.4] 5 2,505,917 2,252,494 253,423
321,615 2,594,811 2,341.388 253,423
$ 2,098,111 $ (175.085) (173,474) $ 1,611
Net change in fund balance
FUND BALANCE:
Be¡;inning of year
End of year
9,870,321
$ 9.696,847
109
City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - Dublin Information Inc. Special Revenue Fund
For the year ended June 30, 2004
20
20
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Budgeted Amount.,
Ori¡,rinal Final
EXPENDITURES:
Current:
Gen~Tal government
Total expenditures
$
OTHER FINANCING SOURCES:
Transfers in
Total other financing sources
Net change in fund balance
$
fUND BALANCE:
!Jcginning of year
End of yeaT
110
20
20
$
20
$
Actual
Amounts
20
20
$ 20
20
20
$
Variance with
Final Budget-
Positive
(Negative)
$
20
20
$ (20)
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances·
Budget and Actual - Street Lighting Special Revenue Fund
For the year ended June 30, 2004
Budgeted Amount'
Ori¡:inal hna I
Variance with
Final Bud¡:et -
Positive
(Ne¡:ative)
Actual
Amount,
REVENUES:
Interest
Other revenue
Special assessments
Total revenues
$ 4,479 $ 4,479 $ 1.359 $ (3;120)
4,000 4,000 144 (3,856)
219,700 219,700 219,942 242
228,179 228,179 221.445 (6,7:'\4)
EXPENDITURES:
Current:
General government:
Publie safety
Highways and streets
Community development
Capital outlay:
SITeets
Total expenditures
210,874 210,874 182,469 28,405
1,791 1,791 1,352 439
6.250 6,651 6,651
70,881 77,584 53,982 23,602
289,796 296,900 244,454 52,446
$ (61,617) $ (68,721) (23,009) $ 45,712
Net change in fund balance
FUND BALANCE:
BeLrinnÎng of yeaT
End of year
155,294
$ 132,285
111
City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - Stagecoach Landscape Special Revenue Fund
For the year ended June 30, 2004
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5<),<)42 59,942 53.919 6,023
3,750 3,750 3,204 546
63,692 63,692 57,123 6,569
$ (7,762) $ (7,762) 3.596 $ 11 ,358
Budgeted Amounts
Ori¡>;inal Pinal
REVENUES:
Interest
Special assessments
Total revenues
$
1,051
54,879
55.930
$
1,051
54,87<)
55,930
EXPENDITURES:
Cu.rrent:
Highways and streets
Community development
Total expenditures
Net change in fund balance
FUND BALANCE:
Begiruung of year
End of year
112
Actoa I
Amount~
$ 334
60,385
60,719
35,52<)
$ 39,125
Variance with
Final Budget-
Positive
(Ne¡>;ative)
$ (717)
5,506
4,789
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances·
Budget and Actual· Dougherty Landscape and Lighting Special Revenue Fund
For the year ended June 30, 2004
Budgeted Amounts
Original Final
Variance with
Final Budget.
Positive
(Negative)
Actual
Amounts
REVENUES:
Interest
Special asses.sme:nts
Total revenues
$
350
88,438
88,788
$
$
$ (1,122)
(158)
(1,280)
1,472
88,596
90,068
U72
88,596
90,068
EXPENDITURES:
Curren t:
Highways and street._
Community development
Total expenditures
91,391 93,478 76,386 17,092
1,250 1,250 1,158 92
92,64·] 94,728 77,544 17,184
$ (2,573) $ (4,660) 11,244 $ 15,904
Net change in fund balance
FUND BALANCE:
Beginning of year
End of year
$
28,318
39,562
113
Interest
Special assessments
Total revenues
$ 223,834
4,683
228,517
$ 223,834
4,683
228,517
$ 1,068
180,702
181,770
$ (222,766)
176,019
(46,747)
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - Santa Rita Assessment District 97-1 Special Revenue f'und
For the year ended June 30, 2004
Budgeted Amounts
Original Pi.nal
Actual
Amounts
Variance Witll
Final Budget·
Positive
(Negative)
REVENUES:
EXPENDrrURES:
Current:
Ili¡;hways and streets
Community development
T olal expenditures
233,768 233,768 192,808 40.960
1,250 1,250 1,179 71
235,018 235,IH8 193,987 41,031
$ (6,501) $ (6,501) (12,217) $ (5,716)
Nel change in fund balance
FUND BALANCE:
Beginning of year
End of year
102,532
$ 90,315
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City of Dublin
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual - Dublin Street Lighting Assessment Special Revenue Fund
For the year ended June 30, 2004
58,812 58,812 35,065 21,747
2,750 2,815 2,815
61,562 61,627 37,880 21,747
$ (16,070) $ (16,135) 6,839 $ 22,974
Bud¡,,,,ted AT11ounb¡
Original Final
REVENUES:
$
$
2,U19
43,473
45,492
Interest
Special assessnlents
Total revenues
2,019
4-1,473
45,492
EXPENDITURES:
Current:
Public safety
Community developnH:~nt
Total expenditures
Net change in fund balance
FUND BALANCE:
Beginning of year
End of year
115
Actual
Amounts
$
985
43,734
44,719
97,613
$ 104,452
Variance with
Final ¡judget-
Positive
(N"gahve)
$ (1.034)
261
(773)
116
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This page intentionally I~ft blank.
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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 basj~. The City has
e~tablished four of these types of funds: Equipment Replacement, Fire Equipment and Station Replacement,
Building Replacement, and Retiree Health Care.
117
Current assets:
Cash illld inveshnenh
Receivables:
Account.
$ 1,611,277 $ 1,434,746 $ 1,347,564 $ 3,863,918 $ 8,257,505
12,188 12,188
1,623,465 1,434,746 1,347,564 3,863,918 8.269,693
6,842,037 6,842,037
2,019,588 2,019,588
43.619,117 43,619,117
2,056,635 2,495.147 428,100 4,979,882
(1,426,944 ) (1,003,457) (8,518,308) (10,948,709)
629,691 1,491,690 44,390.534 46,511,915
2.253,156 2,926.436 45,738.098 3,863,918 54,781,608
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City of Dublin
Combining Statement of Net Assets
Internal Service Funds
June 30, 2004
Equipment
Replacement
Pire Equipment
and StatiDn
Replacement
Building
Replacement
RetiT""
Health Care
Total
ASSETS
'J'ntal C1,.Jrn.~nt assets
NOllC'urrent assets:
Land
Construction in prnL'Tes~
Buildings and improvement'
MachineTY and equipment
Less; accumulated depreciation
Total noncurrent assets
T olal a 58els
LIABILITIES
Currenl lia.biIities:
Accounts payable
Tolal liabilities
19,312
19,312
17,483
"17,483
552
552
15,222
"15,222
52,569
52,569
NET ASSETS
Invested in capital assets
Unrestricted
Tolal nel assets
629,691
1,604,153
$ 2,233,844
],491,690
1,4] 7,263
$ 2,908,953
44,390,534
1,347,012
$ 45,737,546
3,848,696
$ 3,848,696
46,511,915
8,217,124
$ 54,729,039
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City of Dublin
Combining Statement of Revenues, Expenses and Changes in Net Assets
Internal Service Funds
For the year ended June 30,2004
Fire Equipn\ent
Equipment and Station lIuilding Hetiree
Replacement Replacement Replacement Health Care Total
OPERATING REVENUES:
Charge(ol for serviç(~$ :;; 840,328 $ 210,494 $ 190,796 $ 449,145 :;; 1,690,763
Other revenue 18,207 18,207
Total operating revenues 858,535 210,494 190,796 449,145 1,708,970
OPERATING EXPENSES:
Supplies and services 271,496 17,483 7,649 119,189 4"15,8"17
Depreciation 493,294 166,275 1,379,456 2,039,025
Total operating expenses 764,790 183,758 1,387,105 l19,189 2,454,842
Operating income (loss) 9:1,745 26,736 (1,196,309) 329,956 (745,872)
NONOPERATING REVENUES:
Gain on disposaJ of assets 166,113 166.113
Interest incom.e 12,688 12,616 11,948 35,229 72,481
In<ome (loss) before contributions 106,433 :19,:152 (1,018,248) 365,185 (507,278)
Contributions 86,414 887,197 973.611
Change in net assets 192,847 39,'\52 (131,051) 365,185 466,333
NET ASSETS:
Begirming of year 2,040,997 2,869,601 45,868,597 3,483,511 54,262,706
End of year $ 2,233,844 $ 2,908,953 $ 45,737,546 $ 3,848,696 :;; 54,729,039
119
City of Dublin I
Combining Statement of Cash Flows I
Internal Service Funds
I'or the year ended June 30,2004
I
Fire Equipment I
Equipment and Station Building Retiree
Replacement RepJa.cemerlt Replacement Health Care Total
CASH FLOWS fROM OPERATING I
ACTIVITIES:
Receipts from custorners $ 834,370 $ 210,494 $ 190,796 $ 449,]45 $ 1,684,805
Payment. to ,upplier' (273,473) (15,318) (121,182) (409.973) I
Other 18,207 18,207
Net cash provided (used) by
operating activities 579,104 210,494 175,478 327,963 1,293,039 I
CASH FI.OWS FROM CAPITAL
AND RELATED fINANCING
ACTIVITIES: I
Contributions 86,414 887,197 973,611
Capital asset disp"sals 2,095,245 2,095,245 I
Capital asset. pmchase, (231,998) (2,982,441) (3,214,439)
Net ca,h provided (used) for capital
and related financing activities (145,5M4 ) 1 (145,583) I
CASH FLOWS FROM
INVESTING ACTIVITIES:
Interest received 12,688 12,616 11,948 35,229 72,48"1 I
Net cash provided (used) for
investing activities 12,688 12,616 11,948 35,229 72,4Ml I
Net increase (decrease) in
cash and cash equivalents 446.208 223,1l0 187,427 363,192 1,219,937 I
CASH AND EQUIVALENTS:
Beginning "f year 1,165,069 1,211,636 1,160,137 3,500,72(, 7,037,568 I
End of year $ 1,611,277 $ 1,434,746 $ 1,347,564 $ 3,863,918 $ 8,257,505
RECONCILIATION OF OPERATING I
INCOME (LOSS) TO NET CASH
PROVIDED BY OPERATING
ACTIVITIES:
Operating incnme (10"') $ 93,745 $ 26,736 $ (1,196,309) $ 329,956 $ (745,872) I
AJju,tments to reconcile operating income
(10",) to cash flows from operating activities: I
Depreciation 493,294 166,275 1,379,45(, 2,039,025
Net effect of changes in:
Aexounts receivable (5,958) (5,958)
Account, payable (1,977) 17,483 (7,669) (1,993) 5,844 I
Net ,ash provided (used) by
operating activities $ 579.104 S 210,494 $ 175,478 $ 327,963 $ 1,293,039
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AGENCY FUND
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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 ref,ulations.
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Dublin Boulevard Exte115ion Assessment District l'und - To account for the special assessment established to
fund the improvements to Dublin Boulevard.
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121
City of Dublin
Statement of Changes in Net Assets
Agency Fund
June 30, 2004
Balance Balance
July L 2003 Additions Deletions June 30, 2004
Dublin ßou.levard
F.xten8ion ASSC88Q'1ent District
Assets:
Cash and in.vesbnentr.; $ 189,493 $ 240,699 $ (231,584) $ 198,608
Rcslricted cash and inve~tments 172.312 467 172,779
Accounts receivable 5,734 (5,734)
Total assets $ 367,539 $ 241,166 $ (237,318) $ 371,387
LiabiJitieR:
Due to bondholders $ 367.539 $ 235,181 $ (231,333) $ 371,387
Total liabilities $ 367,5-39 $ 235,181 $ (231,333) $ 371,387
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STATISTICAL
SECTION
Thß' page inte.ntionally le.ft blank.
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CITY OF DUBLlN
ASSJjSSED VALUE OF TAXABLE PROPERTY
tAS'!' TEN FISCAL YEARS
Utility St.te Unscçurcd
FÜ;cal Year SeCl1red Property Board Roll PTOperty Tot. I
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 2,220,04M42 2,395,606 131,207,312 2,353,646,360
2000-200] 2.869.933,657 2,636,107 132,417,225 3,004.986,989
2001-2002 3,566.460.426 2,636,107 155,881,185 3,724,977,718
2002-2003 4,137,814,3S1 1,016,256 ]69,574,548 4,308,405,185
2003-2004 4,679,462,555 1,016,256 190,848,472 4,871,327,2S3
Source: Alameda County Office of the Auditor-Controller
(AU figures shown Me net of "Xenlpti0118.)
$60 '.""".""""'""','''''"'''''','
$5.0
-
:!! $40
0
m
= $3,0
-
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.!!! $2.0
0
c
$1,0
$0.0
-----.-.-..-..--."..-....,..-
-.----.------- -
.-....-........."
--....--...--
Assessed Value of Taxable Property
n... ...,.,..".
. . __..., ,. ._.....____.._... .'''..._ _._....... . n... _."...."......
~ A- P.J'Q
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Fiscal Years
¡::,<), ¡::,"J
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.-.---
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U3
CITY OF DUBLIN
SCIlHJ)ULE OF 1993 CERTIFICATES OF PARTICIPATION COVERAGE
FISCAL YEARS ENDED 1994-1999
D~bt Servíce ReQuirement
Direct
Operating Net Revenue
fiscal Gross Ex pense' Avai1able fur
Year Revenue (1) (2) Debt Service Prindpa1 Interest (3) Total Coverage
1993·1994 $ 1,564,715 $ 12,S74 $ 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 1-575,542 705,000 916,027 1,621,027 99.70%
1996-1997 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 R56¡:151 1,621,351 9S.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.
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Cm' OF DUBLIN
("OMPUTATION OF DIRKï' AND OVERLAPPING DEBT
June 30,2004
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Perœntõl~
Applicable
t-!. City~)f
Dublin
Net Debt
Oul'ltändinf:
Applkõ\bk tQ
CilyofDublín
Jun:ol~Îdil.m.
_._-~
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OVI;]U ,AI'I'IN{:TAX AND ^'·>S¡;~MENT DEBT:
Dublin Joint Unified School Dislrict
l.ivl"rm Jr(' Võ\tlcy Joint Unified School District
W.677% $ 38,331,278
0,1]7'70% $ 33,279
0.2700% $ 21i:1,7'-:14
2.314U% $ 3,544,585
100.0000% $ 1.,1&2,00n
$ 43,580,936
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Castro Valley Unified School Di¡¡Lrkt
East Day Regional Park D.I:!Itrict
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City of iJublin 1915 Ad t!ond.s
TOTAL OVERLAPPING TAX AND ASSES,sMEN'r ¡)1"~B'r
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DIRECT AND OVERI.APPINC; c'HNH~AI FLrf'ijJ,Qt\l..l(;ATlc)N'".I.JgLiT;
Alameda County General Fund Obligation.'!
~i.~91% $ 20,44S,4t1!:ì
:1894% $ l:1,AA9,R2'1
3.894% S "107,280
0.003% $ Mil
8.51'1% $ 761,309
0,/,)77% $ 1,359
$ 35,205,830
$ 1H,7B6,166
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AJameQi'l. (;o\lnty Pension Obligations
Alameda CouJ.\ty f¡up~rir\h~ndl~lI~ ()f t'>::nooh ccrtific<:ItC's of Particip<:Ition
AI¡1m\'d" - COfltra CQst<:l Transit District CertiIical.es of Part¡dpalion
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Olðbot-I..aß PO£¡f:¡¡~CL)mTr'1LJI1ity (":!"IJcgc I)j:;trkt Certifimtes of Particip:1tion
Cash"o Valley Unified School DistJ'kt C~l'tHil'õ:I.!~." ¡)f P;:¡rti~:ip1:lti~m
TOTAL DIREÇT AND OV ':I~r,AJ'I'INGCENUR^LFUNDOBLIC:^TION DEBT
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c.."OMBINEDTOTAL DEBT
!!!!..l~~ 10 Assessed V ; 11.iatitll'l~
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TotnI Overlappu1.8 Tax a.nd Aasessme.nl Deht.
Combined Total ~bl
o.W:I'%
1.78%
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SI·A·I'I; !':;CtH")( }L,I;!.V,Il.-I...1.ING ^ID REP.J..\.Y l\.PI,.E.~ OF 6/30/2004~ $0
(1) Excludss tax and revsnus anticipation natea; revenue, marlg~ge revenue ~nd ta" a QçaUQIl bond~ ;SInd non-
Dor1(fe(f capital hJdSð obligation ;.
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Source; California. Municipal Sta.tlsltc$. Inc.
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Direct and Overlapping Debt
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Alameda
Cou nty
44%
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City of Dublin
2%
Other Districts
4%
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.........-..""-......
125
126
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$ 4,87l,327,283 I
$ 70,891,008
$ 4,942,218,291 I
$ 741,332,744 I
0.00%
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CITY OF DUBLIN
COMPUTATION OF LliGAL DEBT MARGIN
June 30, 20(J4
Assessed valuation:
Assessed value
Add back cxempt real property
Total Assessed Value
[,egal debt margin:
Debt limitation - 15 percent of total assessed value
Percent of debt linùt authorized and issued
Source: City of Dublin Finance Department
Exdudes 1915 Act Bonds since they are not
General Obligation Debt of the City of Dublin.
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CITY OF DUBLIN
DEMOGRAPHIC STATISTICS
I~AST TEN FISCAL YEARS
City Rankin
Alameda Population Size of
Fi,cal City ColUlty %of California
Year Populalion Population County Citie~
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 26J25 1,401,227 1.91% 224
1998-1999 28,707 1,43-3,309 2.00% 222
1999·2000 32,519 1,434,162 2.32% 205
2000-2001 32,570 1,474.143 2.21% 209
2001-2002 33,520 1,486.618 2.25% 209
2002-20m 35,545 1,496,218 2.38% 204
20æ-2004 38,330 1,494,493 2.56% 193
Source: State of California Department of Finance - Population [{esearch Unit
Note: The City's Population for Fiscal Year 1999-2000 was adjusf.cd downward based upon the 2000 U.s. Census
City Population
40,000 -
38,000
36,000
34,000
CIJ
N
iñ 32,000
c
o
:¡:: 30,000
..
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0. 28,000
Q
0.
26,000
24, 000 -------------~--.,.-,-----.-.------------------------------------,-------.------"-.-------.-,-------... '. '..- ... --.--------------------------
22,000
20,000
PJ~ PJ'ò ~ PJ~
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Fiscal Year
127
CITY O~ DUBLIN
(:i{)V~R.NMENTAl EXPENDITURES BY fUNCTION
ALL GOVERNMENTAL FUND TYPF.S
LAST TEN FISCAl YF.ARS
Fj:KEl.1 Ge~1'::!I1 I;~ilities HI~õ!lltll¡ ,nlj Ilignwnys Communily Ctùlutt~lil'ld Capitl!ll
Year Gùv~mm~nt Renls Publk Saf~ty Wclf~T"(' mld Streets ~ ..£.ev€lopü.\.:!lll I.I~i~.II:~ Outlay
~-'~~ ---
1991-199.'1 $ 1,488,844 $ 1,55:'1,7<14- $ 6,325,219 $ 696,817 $ 944,564 $ 1,.354,796 $ 1,76[1,990 $ 1,370,902
lW~·1996 1,392.265 1,604,480 6,986,737 1.18:~,9::¡:~ ],043,009 1,832,754 1,811,n( 3,338,607
19%-1997 1,691,'n4 1,496,816 6,%$,91:2. 734,423 1-059,275 1,';I~:¡O,n::¡ 2.,007,715 2,552,1;112
1997-199R 1,761,818 1,19j,::¡4R 8,566,630 764.,9'19 I,09U,290 ~,824,242 2,172,122 2,.2t9,989
1 !,I1,JR-1 999 2,139,738 1,614,4( 7 9,145,346 851,699 ],24U,I7t 3,664,(125 2,218,5H1 4,617,733
1999- 2n( O 2,274,914 9,892,983 893,254 1,5I)4,IJ50 4,138,916 2..827,621 1.'3,052,015
2Ix.m·200l 3,085.725 10,960,642 l,l:¥.I,:-\W J.,446,053 4,572..981 3,:t~2,42' 12,077,482
2001-2002 3,929,919 12,52..'~,19'7 1,1.%,457 1,546,347 4,678,311 4,012,730 16,405,:~501
2002-2003 4,363,241 B,W6,HO 1,352,083 6,08O,91i1 5,399,648 4,611,564 1.9,5:m,610
2OI.t~-2004 6,193.881 17,222,501 3,762,260 2,072,806 6,363,727 S,Ma,102 15,376,691
$lJ\U'<:e: <..."ity ol Dublin Annl.l~ll;iJ:1D.n<inl Reporl
~
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,£1
:¡¡
t:
~
I!! $30
..!!
Õ
c
Total Expenditures
$70
$60
--"..:'A·_____~-~----------~-C-----~______'··_···____~________'_____~__~______~____________......
$50
$40
" "U AU A -- --- -- .'-- -- -'--- -' --- "~- - - -" . ",""" . c ___~__ _~-~~--~-~-----~-~-. _ ,-- '_ ____,,__
--------~----~-~--- -. - ..~---------.---------------- -- -.~--.
$20
$10
$0
.ø.0 * ~
,,~. ,,0., ,,0.,
,J>t fJ fó
"q;J "OJo., ....OJo.,
PJ'ò PJOJ
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g¡'C ~'C ",'C a:'C r.r'C
....q,o., <¡,\S"' <f''>J <¡,'>J'>J <¡,'>J'>J
Fiscal Years
".
PrilK,'ip.!!1 Tota1
$ 15,500,876
19,22ft89~
18,442,500
20,893,718
25,521,100
251,004 ~ti,8:H,'57
:~01,on4 36,9}5,707
251.,004 44,543,319
65,294.,200
56,089,%6
o Principal
II Capital Outlay
II Culture and Leisure
¡¡ Community Development
8 Highways and Streets
II Health and Welfare
III Public Safely
II Facilities Rents
Q General Government
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CITY 01' DUBLIN
PRINCIPAL PROPERTY TAXPAYERS
(Based on Secured 2003/2004 Tax Roll)
JUNE 30, 2004
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Taxpayer
Assessed Value
l'ercent of Total
Assessed Value
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1 'IoU California II Limited Parlnerslùp
2 DCA Corporate Center I J.C
3 Acre Dublin LLC
4 Shea Homes Limited Partnerslùp
5 nere Island Properties LLC
6 Capital Pacific Security Trust
7 Cisco Systems Inc_
8 CSDV Limited Partnership
9 Chang S_ Un
10 Bit Investment Elevcn I.!mited Partnership
$112,384,909
110,430,300
103,445,2.18
77,510,390
74,974,598
62,228,930
56,150,000
54,500,000
53,761,387
51,023,507
2.27%
2.23%
2.09%
1.57%
1.52%
1.26%
1.14%
1.10%
1.09%
1.03%
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$756,409,259
15,30%
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Source: HOL Coren & Cone, Alameda County Assessor Combined Tax Rolls
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.-------...---
-..--..---
Top Ten Property Taxpayers Assessed Value
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Shea Homes Limited
Partnership
$77,510,390
Bere Island Properties
LLC
$74,974,598
Capital Pacific Security
Trust
$62,228,930
Cisco Systems Inc.
$56,150,000
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¡-
Acre Dublin LlC
$103,445,238
CSDV Limited
'---.- Partnership
$54,500,000
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--______Chang S_ Lin
$53,761,387
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DCA Corporate Center
LLC
$110,430,300
TOil California II Limited
Partnership
$112,384,909
Bit Investment Eleven
Limited Partnership
$51,023,507
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129
CITY OF IJUIJUN
PROPERTY T AX RATES
AU, DIlŒCf AND OVERLAPPING (;OVERNMENTS
t,AST TEN FISCAL YEARS
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Basic Dublin
County 5<\1\
Wide !:lay Area East Bay Ramon Ala.meda TútalRatE!
Fi.':i(''¡¡' Levy School ~Iood Zone Rapid Parks Sel'Viœs County Per $1000
Year ($1($100) )istricts StatC!Bum.l!:i Transit Bond Distrkt Library Valuatiúll
1 \/94·1995 1.0n00 0.0799 0.0166 O.(r.235 0.0066 0.OnS7 1.132.1
1995-1996 ¡mOO 0.n648 0.0l9J n.n230 n.0094 (),0057 1.122<1
1996-1997 I.nOOO n.n858 0.0187 0.n225 n.n08n · n.0056 1.1406
19<)7-1998 1.Dnnn 0.0831 0.11178 0.0220 0.1J081 · O.lX)49 1.1359
1998"1999 1.0000 0.0727 0.Dl63 0.0167 n.M2 0.0057 1.12(](i
1999-2<J{)() 1.0000 n.OS:\4 0.0145 0.0065 1.0744
2()(){)"20111 1.()(J()() n.n534 0.0145 n.OO65 1.0744
2001-2002 I.nonn n.m76 0.0158 O.OO(}5 1.n5""
2n02-2003 l.nooo ().O429 n.n145 0,001}7 · 1.0631
20113·2004 1.0000 0.0429 0.m45 0.0057 l.n<i11
Source: Alameda County OfficE! of 'I he Auditor-Controller
Rates Shown for T¡:¡x Code Area 26-001 which repr€5e'1t5 the largest portion of property taxes
<..:ulleded in the Ci(y.
*No lon߀T assessed, bonded debt fully repaid.
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Property Tax Rates
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$1.16
$1.14
$1.12
$1.10
$1.08
....
~ $106
Q
a. $1.04
<II
~ $1.02
$1.00
~ ~ ~ ~ ~ ~ ~ ~ ~ ~
~ 0~~ ~ ~ ~ ~ ~ ~ ~.
o;¥ ~ fa' (\- fI:f % ~ ,,_v a:'Þ f'f'Þ
"q) ,,0;<::[, "O;OJ ,,0;0; ,,0;<::[, "O;q) rr r¡"Ç)Ç) r¡"Ç)Ç) ~Ç)
¡:;
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Fiscal Year
130
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CITY OF DUBLIN
PROPERTY TAX LEVIES AND COI.LECfIONS
LAST 'fEN FISCAL YEARS
I'crœnt of
Total Total Tax
Property Tax Property Tax Collected to
Fiscal Year Levied Collected Tax Levied
1994-1995 3,836,151 3,614,558 94.22%
1995-1996 3,833,915 3,614,671 94.28%
1996-1997 3,921,70:\ 3,713.665 94.70%
1997-1998 4,184,413 4,074,407 97.37%
1998-1999 4,198,501 4,517,234 94_14%
1999-2000 5,765,531 5,499,897 95.39%
2000-2001 7,333,2'15 6,959,769 94_91 %
2001-2002 9,187,641 8,655,872 94.21 %
2002-2003 10,732,663 10,142,650 94.50%
2003-2004 11,858,495 II ,826,609 99.73%
Source: HDL Coren & Cone and
Alameda County Office of the Auditor-Controller
.--..-....-.. - ",.".......
Property Tax Collection
$13
$12 --------------------------------------..
$11
õi'$10
c
~ $9
~ $8
c
:::. $7
f!
.!!! $6
Ö
C $5
$4
$3
-<0,"> ¡;¡,'ò
........ ....ç;
ð ¡;¡,'d
"ç;J ~
-----------------------------------------
¡;¡,'\ ¡;¡,'ò ¡§> Æ>
....ç; ....<1; ....<1; <;¡,<S'
",<0 -<0,'\' -<0,'11 ",Of
....<1; ........ .......- ....q¡
¡:,.... ¡:,'l,. ¡:,'ò ~
G G G f;j"'
¡y'V ",'V ~:v r,-'V
¡:¡ .J:\ ¡;" ¡;,
..p; 'F 'l,.G 'l,.G
Fiscal Year
.--......-"'.-.-...
..--..-.....-...-
131
$50
. .
'" .' '" " , ,:,.'
.____ _ _~__~_ ::.~~~----_,- _ _ _ _ _., I J.. _ ,._ _~-~~~-,-~-------~- _ _______ _ _ _ . _ ~,","~ .~ " . ',_ ~ _ _~__ _ _.. '_ ~~-----'---
. Commercial
....... Residential
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CITY OF DUBLIN
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
Tutal
Number of Corrunercial Residential
Piscal Permits Construction Construçtion
Year Issued Value Value Bank Deposits .
1994-1995 739 6,718,045 2,368,943 549,989,000
1995·1996 814 4,927,911 15,638,274 568,924.000
1996-1997 790 6,855,980 64,610,527 611,507,000
1997-1998 1020 29,159,270 83,205;153 641,921,000
1998-1999 1552 93,428;185 135,438,240 684,749,000
1999-2000 2521 107,242,721 180,258,804 715,313,000
2000-2001 1828 113,618,557 155,286,401 809,281,000
2001-2002 1015 63,476,079 123,149,627 900,670,000
2002-2003 1157 46,448,163 178,361,169 980,220,300
2003-2004 1154 18.575,621 242,563,776 Not Available
Source: Findley ¡{eports, Inc. and City uf Dublin Building Department Status Reports
. Bank Deposits represents the amount of cash deposits held by financial institutions
within the City of Dublin.
Property Value - Commercial vs Residential
$300
~~...,.---
$250
". . , '
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g $200
:e
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"q)"O "OJ'1i "cf!J "OJOJ "OJ'1i "OJOJ <¡..dJ <¡..1èI1èI <¡..1èI(:;, <¡..ç§:>
Fiscal Year
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CITY OF DUBLIN
CENERAL GOVERNMENTAL REVENUES BY SOUU.CI::
ALL GOV~RNMFNT^I. lõUND TYPES
I,J\ST TEN FISCAL YEARS
Dt'vdopcr
Property T'!.)it·~ fel's and
I Spi.'(:i,d Liœn.'>t'!~ ,8,[\d Intl;'r" Ch"rgesfor Use of'Money F¡ne~ I Oth~~
Fi!iCalYear A$:;\:,$:;mcnl:::; Sales Taxes Oilier Tax!:'!:'! Pt;!tmit:¡. GúvernIJV.:nt."1.1 Services and Property Rt;!Vt;!¡'II.I,t' Tolal
1994-1995 $ 4,307,753 $ 6,470/287 $ 772,630 $ 337,551 $ 2,375,377 $ 1,798,343 $ "I,2'1O,RRS $ 648,497 $ 17,Y21,.32î-
1995-1996 4,185,7:31 6,76U,41J 1,006,729 466;J 99 3,674,n9 3,5%,oou 1,376,647 "IRO,l30 21;145,9,,"
1996-1997 4.164,RfH 7,lú8,596 1,~O,578 1/092, un 2,091,210 2,789,2:16 1,5{ 5,~8 309,16'[ 2tV.41,8Jti
1!J97-199~ 4.628,20"1 8,02.5,44$ 1,536,247 1,398,677 2,159,609 4,().1S,06..'1, 1,670,l0\75 598,977 21,Oñ5,OÇI'!
1998~ 1999 5,119,268 8,687/09"1 1,771,60'. ?:A72..217 ~633,035 6,447¡9:2R 1,462,691 402,799 28.996,631
"1999-2000 6,::nU,I71 11,548/901 2,414,0131 3,897,965 3,056,557 14,378,621 "l,461,H8 965,709 44,.033,151
2000-2001 7,5.58r~J~ 12,985,986 3,199,"197 3,028,655 4,12~,U90 13,368.815 2,839,691 ?,~7~,215 50,009,588
2001-2002 9,317,3'/6 12)J13,1l1 2,.837,678 2,327,2.51 <,702.t26 25,015,733 3,829,352 79.3,9JO 61,6J6,557
2002-2003 10,644,07-1 13,193,407 ~71J32S 2,.42"1,885 11,412,577 15.876,467 2,848.478 947,179 60,215,192-
20rn-2004 t2,0"I5,509 14,297,705 2,.741,t05 3,090,992 4,942,167 19,245.244 91:18,475 1,424.,249 58,745.446
Sotirç¡;o; City uf Dublin Armual liinancial Report
Total Revenues
$70
----~-~',,""'
$60
$50- ---,--------~-:"-,--------"---------,----,------,-..
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$30
$20
$10
$-
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,,OJ'15 <fi +<::> "V~ "V<§>
Fiscal Years
1:',3
· Fines I Other Revenue
· Use of Money and
Property
D Developer Fees and
Charges for Services
. Inter-Governmental
I] Licenses and Permits
D other Taxes
· Sales Taxes
· Property Taxes I
_ªpecial_~ssessrnents
1'1>'" ~ -<>'1. fio,'ò
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rY 1'1>'d ,{i;f :\.
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Fiscal Year
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CITY OF DUBLIN
TOP 25 SALES TAX PRODUCERS
2002-2003
BUSINESS NAME
ßUSINESSJ::ATEGORY
Alameda County Auction
Arco AMjPM
Arlen Ness Enterprises
Bed Bath & Beyond
Best Buy
Cat Steam East Bay
Cingular Supply
Circuit City
Crown ChevroletjOldsjCadillacjIsuzu
Dublin IJoctgejNissanjVolkswagenjHyunda
Dublin Honda
Dublin Toyota
Expo Design Center
Ford of Dublin
Good Guys
MeTvyn's
Micro Porcelain Dental Lab
Old Navy Clothing
Safeway
Safeway Gas Salc'S
Sprinkler Irrigalion Specialists
Stoneridge Motors
Sybase
T J Maxx
Target
Toys R Us
Tri Valley Buick Pontiac GMC
Used Automotive Dealers
Service Stations
A u.tomobile Supply Stores
Home Furnishings
Radioj Appliance Stor,,"
PlumbingjElectricaI Supplies
Electrical Equipment
Radioj Appliance Store"
New Motor Vehicle Deak"s
New Motor Vehicle Dealers
New Motor Vehicle Dealers
New Motor Vchicle Dealers
LumberjBuilding Materials
New Motor Velucle Dealers
Radioj Appliance Stor,,'
Department Storcs
Health Services
Family Apparel
Grocery Slores Liquor
Service Stations
LumberjBuilding Ma.terials
New Motor Vehicle Dealers
Office Equipment
Family Apparel
Discount Departm(~nt Storcs
Spccialty Slores
N"w Motor Vehicle Dealers
Percent of Total City Sales Tax Paid By Top 25 Ac<OOunt:; ~ 60.81 %
Firms Listed Alphabetically
Period: April 2003 thru March 2004
Source: Hinderliter, de Llamas anct Associates, State Board of Equalization
$15
Sales Taxes
~~._-,._----
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~
:¡¡¡ $10 _______________________________.."u_._____.__.___________________._
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.g $5
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Date ofIncorpomtion
Form of Government
Employeea (City and Contract)
Population
Area
Miles of Streets
Miles of Curbs
Signalized Intersections
Number of Street Lights
PARKS AND RECREATION:
Parks
Acres in Park.
Acres in Open Space
Number of Registered Voters
(As QJ Novemb" 2004)
EDUCATION:
I. Public
Elementary Schools
Middle School
High School
Continuation High School
II. Public School Enrollment:
December 2004
CITY OF DUBLIN
MISCELLANEOUS STATISTICAL DATA
JUNE 30, 2004
February 1982 FIRE PROTECTION:
CouncillManager
197 Number of Stations 3
38,330 Number of Fire Persollllel 40
14.0ISq. Miles
82.13 POLlCE PROTECTION:
202 Number of Stations 1
60 Number of Police Personnel 48
3,250
COMMUNITY FACILITIES:
14 Dublin Civic Center
106.4 Dublin Senior C-cnter
122 Shannon Community Center
Dnblin Swim Center
Heritage Center
16,586 Dublin Library
5
1
I
1
4,627
Source: City of Dublin and Dublin Unified School District Rccords
-135~