HomeMy WebLinkAboutItem 4.02 Attachment 2
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CITY OF DUBLIN
DUBLIN, CALIFORNIA
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
FOR THE YEARS ENDED
JUNE 30, 1996 AND JUNE 30, 1995
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CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Years Ended June 30,1996, and 1995
Table of Contents
INTRODUCTORY SECTION
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Table of Contents....... .................. ........................ ........................ ......... ................ ..............i
Elected Officials and Administration Personnel....... ........ .............. .............. ......................iv
Organizational Chart........................................................................................................... v
GFOA Certificate of Achievement for Excellence
. F' 'alR . .
In lnancl eportlng... ................................... ...... ................... ...................................... .. ..VI
CSMFO Certificate of Award for Outstanding
F. . 1 R . ..
lnanCla eportlng............................................................................................................. Vll
Letter of Transmittal...... ............................. ...... ............................... ............ .......................ix
FINANCIAL SECTION
Independent Auditor's Report.... ....... ........... ........ ........................ .............. .........................1
General Purpose Financial Statements
Combined Balance Sheets - All Fund Types and
Account Groups .... ........... ........ ..... ..... ......... ..... .... ...... ... ....... ..... ....... ...... ..... ..... ....... ..... ..... ..4
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances - All Govenunental
Fund Types....... ....... ...... ... ........ ..... ....... .......... ......... ... ... .... ........ ....... ........ ........ ......... ....... ... 7
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual -
All Govenunental Fund Types...... ......... ..... ............. ...... ..... ........ ......... ... .... ................. ..... ..8
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings (Deficit) - All Proprietary Fund Types ..............................11
Combined Statement of Cash Flows - All Proprietary Fund Types ...................................13
Notes to General Purpose Financial Statements .................................................................14
Combining Fund Statements and Schedules
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CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Years Ended June 30,1996, and 1995
Table of Contents
General Fund
Comparative Balance Sheets..................... ................... .................................................... ...41
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget and Actual.................. ...................... ............... ....... .............. ...42
Schedule of Budget Versus Actual Departmental Expenditures ........................................43
Special Revenue Funds
Combining Balance Sheet. ................. ..... ........ ... .............. ......... .......... ... .................... ....... ..46
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance. ........... ...... ........ ..... ...... ...... .......... ........................ .............. ..48
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance - Budget and Actual............................................................50
Capital Projects Funds
Balance Sheet...................................................................................................................... 61
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance... ........... ...... ..... ..... .... ................. ............. ....................... ..... .62
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance - Budget and Actual............................................................63
Agency Funds
Combining Statement of Changes in Assets and Liabilities ...............................................67
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CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Years Ended June 30, 1996, and 1995
Table of Contents
STATISTICAL SECTION
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Governmental Expenditures by Function - All
Governmental Fund Types - Last Ten Fiscal Years.. ....................... ........................... ....... 71
General Governmental Revenues by Source - All
Governmental Fund Types - Last Ten Fiscal years.... ............ ......... ............................ ...... 72
Assessed Value of Taxable Property -
Last Ten Fiscal years.................... ....................... ............................................. .................. 73
Property Tax Rates - All Direct and Overlapping Governments -
Last Ten Fiscal years.......................................................................................................... 74
Computation of Legal Debt Margin.... ........................................... ........... .......................... 7 5
Computation of Direct and Overlapping Debt.......................... ............ ...................... ........ 7 6
Demographic Statistics - Last Ten Fiscal Years .................................................................77
Property Value, Construction, and Bank Deposits -
Last Ten Fiscal years.......................................................................................................... 78
Schedule of 1985 Certificates of Participation
Coverage - Fiscal Years 1985-l988.... ..................................... ........................ ..................... 79
Schedule of 1988 Certificates of Participation
Coverage - Fiscal Years 1989-1993....................................................................................80
Schedule of 1993 Certificates of Participation
Coverage - Fiscal Years 1994-1996............. ........... ........................... ............................... ...81
California Public Employees Retirement System
Funding Analysis - Fiscal Years 1986-1995......... ...... ....................... .................. ............... 82
Property Tax Levies and Collections -
Last Ten Fiscal years.......................................................................................................... 83
Principal Property Taxpayers. ..... .............. .... ..... ...... ..... ........ ....... ........ ..... .......... ......... ... ....84
Top 25 Sales Tax Producers. ....... .................. ....... .................... ..... .......... ......................... ..85
Miscellaneous Statistical Data..... ............. .................................................. ....................... .86
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III
CITY OF DUBLIN
ELECTED OFFICIALS
June 30,1996
Mayor
Guy S. Houston
Vice Mayor
Dave Burton
Councilmember
Lisbeth Howard
ADMINISTRATION PERSONNEL
City Manager
Assistant City Manager / Administrative Services Director
City Attorney
City Clerk
Chief of Police
Public Works Director
Community Development Director
Chief Building Official
Parks & Community Services Director
IV
Councilmember
Valerie A. Barnes
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Councilmember
Paul C. Moffatt
Richard C. Ambrose
Paul S. Rankin
Elizabeth Silver
Kay Keck
Jim Rose
Lee Thompson
Eddie Peabody
Ken Petersen
Diane Lowart
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Certificate of
AchieveD1ent
for Excellence
in Financial
Reporting
Presented to
City of Dublin,
California
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 1995
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs) achieve the highest
standards in government accounting
and financial reporting.
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Executive Director
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November 20, 1996
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Honorable Mayor and
Members of the City Council
Presented with this transmittal is the City of Dublin Comprehensive Annual Financial Report, for the year ended June 30,
1996. The responsibility for the accuracy and fairness of this report rests with the City.
INTRODUCTION
The format of this report exceeds the minimum requirements and information typical1y included in an annual financial
audit. The report is intended to conform to the guidelines of the Government Finance Officers Association. The data is
presented in a manner which is designed to fairly set forth the financial position of the City. Financial activity within the
various funds is measured to display the results of City operations. The report contains the necessary disclosures to
promote an in-depth understanding of the City's financial affairs.
REPORT FORMAT
The Comprehensive Annual Financial Report contains information which has been divided into the fol1owing three main
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Introductory Section: This consists of: the table of contents; directory of elected officials and staff; city
organization chart; GFOA and CSMFO awards; and a letter of transmittal. This section is intended to assist the
reader and provide a narrative overview of the entire report.
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Financial Section: This consists of: the independent auditor's report; general purpose financial statements and
notes; and combining statements by fund type. In its entirety this section comprises the annual financial audit
prepared by the City's Certified Public Accountants.
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I The information in this Comprehensive Annual Financial Report is prepared in accordance with Generally Accepted
Accounting Principles (GAAP) as promulgated by the Governmental Accounting Standards Board (GASB) and includes
I the report prepared by City's independent certified public accountants, Vavrinek, Trine, Day & Co., Pleasanton,
California.
Statistical Section: This section includes both financial and non-financial data about the City and its operations.
The information provides historical comparisons of key factors.
I REPORTING ENTITY AND ITS SERVICES
This report reflects reporting as a single entity for al1 operations directly associated and controlled by the City. In
addition to reporting directly for the City operations, Dublin Information Inc., a separate legal entity has been included in
I the primary reporting entity. This is a non profit corporation originally formed by the City. The functions were expanded
in 1985 to include financing for the construction of a new Civic Center. The project was completed and occupied in
1989. Pursuant to the financing arrangements with Dublin Information, Inc. the Civic Center project is leased from the
I corporation, with the City making annual payments from its General Fund. These annual payments are used by Dublin
Information, Inc. to make principal and interest payments to the holders of the Certificates of Participation.
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The City of Dublin is a General Law city, incorporated in 1982. The City operates under the Council- Manager fonn of
government. The five member City Council is the political and legislative body. The Mayor is directly elected and
serves a two year term. The four City Councilmemhers serve staggered four year terms. The City Council is
empowered to take actions in accordance with the G~nerj:ll. Laws of the (.;tate of ralifomia. The riru rouncil
Administration (~10) 833-6650 . City CounCil (5"1o)"8J3.6&1'5 .'"'Flnance (510) 8'33.6'64U . B(jild'n'ig rr'iS-pecllon (:ire) 833'-W2CJ
Code Enforcement (510) 833-6620 . Engineering (510i:&33-6630 . Parks & Community Services (510) 833.6645
Police (510) 833.6670 . Public Works (510) 833.6630 . Planning (510) 833.6610
The future economic outlook for the City is geared towards enhancing the City's existing economic base, while looking
towards opportunities for expansion and adding diversity to the current retail base. There is the ability to accommodate
significant new development projects in the City's Eastern Dublin Specific Plan Area. The Alameda County Surplus
Property Authority controls approximately 600 acres of land designated for various mixed use developments. In Fiscal
Year 1995/96 the City entered into its first Development Agreements with the Authority to provide for future
development. The Authority is negotiating with private development finns as partners in the actual construction and
development of the projects. Although opportunities exist for additional retail based revenues, it has also been noted that
competitive pressures from projects developed in surrounding jurisdictions will impact the ability for continued growth
in traditional consumer related retail sales.
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MAJOR INITIATIVES I
The City of Dublin is an active and vibrant community which requires that the municipal government be prepared to
respond to changes which are occurring. Each year the City Council adopts Goals and Objectives to be pursued in the I
upcoming year and evaluates the progress achieved towards the goals previously established. The clear provision of
identified goals becomes an outline for the major initiatives undertaken.
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In September of 1995, the City began providing municipal services to an area consisting of approximately 1,530 acres.
This annexed property is in the Eastern Dublin Specific Plan Area and it is currently largely undeveloped. The City
worked with one of the major landowners to establish an agreement whereby the City is reimbursed for the cost of
services, in the event that they exceed revenues derived from the area. Due to the tax roll lien dates the first allocation of
property taxes from this area will not occur until Fiscal Year 1996-97.
responsibilities include: formulation of City policies, including a fiscal program; detennination of the level of City
services to be provided; and appointment of the City Manager, City Attorney and Auditor.
The basic structure for City operations is commonly referred to as a "Contract City." Many of the typical municipal
services are provided through contracts with public or private entities. For example, Police Services are provided by the
Alameda County Sheriff. Streets, Parks, and Building Maintenance Services are provided by MCE Corporation and
other private contractors. For Fiscal Year 1995.96 the City had a total of 39 Full Time positions which provide services
as City employees. An additional 49 positions were employees of the City's Contractors and were assigned to work
solely within the City of Dublin operations. Since Fiscal Year 1988-89 Fire Suppression and Prevention Services have
been provided by the Dougherty Regional Fire Authority. This is a Joint Powers Authority, which is a legally distinct
entity, formed by the cities of Dublin and San Ramon. Each City makes payments for its pro~rata share of the annual
costs associated with the independent Authority.
SUMMARY OF THE LOCAL ECONOMY
The City of Dublin is located at the intersection of Intestates 580 and 680 approximately 35 miles east of San Francisco.
The City has a wide range of housing types available to meet the demands of various employers throughout the region.
The City has a large retail base which serves local residents as well as those in surrounding communities. The largest
employers include: public agencies such as; County of Alameda Correctional Facility, Dublin Unified School District
and United States Department of Justice Correctional Facility; corporate offices such as Great Western Bank regional
office; and retailers such as; Montgomery Wards, Toys R Us, Target Stores, Home Express, and Mervyns.
Economic conditions throughout the State improved during Fiscal Year 1995/96. Retail Sales are an obvious indicator of
the general economic climate. The General Fund Sales Tax in 1995-96 increased by 5.2% over the adjusted amount
attributable to the prior year ($6,760,413 in FY 95/96 vs. $6,426,721 in FY 94/95. This comparison was adjusted to
reflect the amount that would have been recorded in Fiscal Year 1994/95 if GASB 22 was implemented.). A significant
amount of the City's retail sales are attributable to the auto industry which continued for the second year in a row with
improved sales. The City Economic Development Manager also worked with local automobile dealers on encouraging
private cooperative marketing efforts to improve auto sales. The sales tax revenue collected in Fiscal Year 1995/96 also
benefited from a delay in the relocation of a major distribution center account to a neighboring city.
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In Fiscal Year 1995-96 the provision of Development Services was reorganized in order to accommodate the increase in
I development activity and improve coordination of these services. A Community Development Department was formed,
containing a Planning Division and a Building & Safety Division. The reorganization places responsibility for both
divisions under the supervision of a Community Development Director.
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The first residential development project to be processed under the Eastern Dublin Specific Plan was a 35 acre project
proposed by Kaufman & Broad and the Alameda County Surplus Property Authority (Authority). The firm was selected
as the developer of the project by the Authority, which owns the property. The project will include approximately 154
Single Family units and 123 Multi-Family units. In Fiscal Year 1995/96 the City Council entered into a Development
Agreement for the project and approved a rezoning of the property.
Construction also began on residential projects in the western hills of the City. Two residential projects began
construction and sale of the homes. The Hansen Ranch (Warmington Homes) project will have 180 single family units
and the California Highlands (Kaufman and Broad) project 246 multi-family units. The projects are phased and are
expected to continue with sales throughout the 1996-97 Fiscal Year.
The Parks and Community Services Department undertook the first phase of a renovation of the Dublin Sports Grounds.
The project added one 60' Baseball Field with adjoining bleachers to the City parks system. The Department also
coordinated the opening of the refurbished structures located at the Heritage Center, which was acquired in Fiscal Year
1993/94. The project includes the "Old Murray School", "Old St. Raymond's Church", and the Dublin Cemetery. The
preservation of these historical elements will add to the cultural resources available to the community.
In Fiscal Year 1995 - 1996 the Public Works Department completed the majority of the construction associated with the
Dublin Boulevard Widening project. This is a $3.1 million project which will improve the traffic flow in the central
commercial business area. The Department also coordinated efforts to acquire the Street Lighting system from Pacific
Gas & Electric. The City took possession of the system in the final quarter of the year. This project will reduce the cost
of street lighting which is collected as an assessment from property owners.
The City of Dublin, working in cooperation with Alameda County and the cities of Pleasanton and Livermore, opened a
new animal shelter, located in the City of Dublin. The construction cost will be shared by the agencies, with
management of the facility conducted by the Alameda County Sheriffs Department. The new state of the art facility
replaces an old building on County property which was inadequate.
In Fiscal Year 1995-96 City residents began receiving improved recycling and garbage collection services under an
agreement adopted in June of 1995. The agreement provided for more opportunities for the recycling of residential
waste including yard trimmings. The City was also able to negotiate an agreement designed to moderate rate increases
and to simplify the rate setting process.
ACCOUNTING SYSTEM AND BUDGETARY CONTROL
Note 2 in the General Purpose Financial Statements provides a detailed explanation of the significant accounting policies.
In general, for all City Governmental funds the revenues and expenses are based on a modified accrual basis of
accounting. This means that revenues are recorded when measurable and available rather than when they are received.
Expenditures are recorded when the liability is incurred rather than when it is paid. In the case of proprietary funds such
as the Dublin Information Inc. enterprise fund, revenues and expenditures are accounted for using the accrual basis of
accounting.
1n developing and evaluating the City's accounting system, consideration is given to the adequacy of controls. Internal
accounting controls are designed to provide reasonable assurance regarding: safeguarding of assets against loss, accuracy
and reliability of accounting data, and adherence to prescribed policies. The concept of reasonable assurance recognizes
that the cost of a control should not exceed benefits likely to be derived; and that the evaluation of costs and benefits
require estimates and judgments by management.
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Annually the City Manager develops and presents a budget for approval by the City Council. The Budget includes
appropriations for both operating programs and capital improvement projects. The Budget is approved on a departmental
basis based upon the identified funding sources. The adopted accounting procedures authorize the City Manager to
transfer budget amounts between line items within the same Department. Any transfers between separate Departments
requires City Council authorization.
Monthly reports of detailed revenue and expenditures are distributed to Management Staff for review and assistance in
controlling activities and programs. The City Council also receive summary reports on a monthly basis identifying
revenues and expenditures. In accordance with State laws quarterly reports are presented to the City Council regarding
investment activity.
FINANCIAL HIGHLIGHTS OF FISCAL YEAR 1995 - 1996
The financial reports identify that among all of the Governmental Fund Types, the General Fund represents
approximately 75.6% of both the Revenue and Expenditures. Although the financial activities within all funds are
detailed in the Financial Section of the report, it is clear that the activity within the General Fund is of primary
importance when evaluating the City's fiscal condition. Therefore, this discussion will focus on the General Fund.
The following comparison shows changes in major General Fund Revenue Types as compared to the previous Fiscal
Year:
GENERAL FUND REVENUES
AMOUNT
COLLECTED % OF TOTAL DOLLAR CHANGE % CHANGE FROM
REVENUE TYPE 1995/1996 CURRENT YEAR FROM PRIOR YEAR PRIOR YEAR
PROPERTY TAXES $ 3,867,614 24.40% ($ 76,670 ) ( 1.94) %
TAXES OTHER THAN
PROPERTY $ 7,626,025 48.10% $ 503,931 7.08 %
LICENSES / PERMITS $ 466,199 2.94% $ 128,648 38.11 %
INTERGOVERNMENTAL $ 1,102,495 6.95% $ 58,493 5.60 %
CHARGES FOR SERVICES $ 1,372,960 8.66% $ 319,245 30.30 %
INTEREST $ 1,196,819 7.55% $ 128,588 12.04 %
USE OF PROPERTY $ 72,066 0.45% ($ 417) (0.58) %
FINES & FORFEITURES $ 38,793 0.24% $ 3,125 8.76 %
OTHER $ 110.805 .Q.1Q% ($ 52.658 ) (32.21) %
TOTAL $ 15.853.776 100.00% $ 1.012.285 6.82 %
The following sections describe changes in Fiscal Year 1995/96 within each of the major revenue categories:
Property Tax related revenues showed a small decrease as the County Assessor experienced a significant number of
applications appealing the assessed value. This resulted in the properties being assessed at a lower value. In addition,
the general slowdown in any new construction limited the opportunity for growth in this category. Most of the new
residential units constructed were sold late in the Fiscal Year and they were not included on the 1995-96 tax roll at the
new value.
Sales Tax revenue increases were the largest contributor to the increase in General Fund Taxes Other Than Property
revenues. In general the economic trends statewide improved in terms of Auto and Transportation related retail sales.
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This category also improved from the collection of increased franchise fees in accordance with the new Integrated Waste
I Management Agreement.
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The increase in Licenses and Permits category is primarily related to building permits. As previously noted the
development sector began to show an increase in activity in terms of projects actually under construction. Although
permits may have been obtained in Fiscal Year 1995-96, the City will continue to incur inspection related costs in Fiscal
Year 1996.97 for those units not completed as of June 30, 1996.
The increase in Charges For Services primarily represents the undertaking of large Planning related studies. This
included a requested General Plan Amendment Study for an area west of the City (Schaefer Ranch) as well as processing
related to the proposed projects. The Engineering Department also had increased activity with plan checking related to
development projects.
The Interest category increase was related to the availability of an increased Fund Balance when compared to the prior
year. A separate section is included in the Transmittal Letter, labeled Cash Management, which discusses this area in
more detail. The Use of Property category relates to the rental of City buildings and fields. As noted his category of
revenue was relatively flat.
The Fine and Forfeiture category showed a small increase primarily attributable to delinquent Parking Penalties
collected and Other Court fines. This category represents a very small fraction of the Total General Fund Revenues.
The Other Revenue category showed a decrease over the previous year. Since this category is utilized for miscellaneous
one-time events it is typical to observe fluctuations between different Fiscal Years. Approximately 61 % of the revenue
shown in this category came from the following two sources: (1) $39,694 was related to an equity dividend for liability
insurance coverage; and (2) $27,748 was related to a one-time refund of prior year utility costs which had been charged
by PG&E.
The following chart displays the historical trends for General Fund Revenues over the past 5 years:
Historical General Fund Revenues
~ctual __Constant 1992 $1
$16,000,000
$12,500,000
$15,500,000
$15,000,000
$14,500,000
$14,000,000
$13,500,000
$13,000,000
$12,000,000
1991/92
1992/93
1993/94
1994/95
1995/96
xiii
The trend line displays the revenue trend if all years were adjusted for inflation in 1992 dollars. In the past two years the
City has experienced real growth in General Fund Revenues over Fiscal Year 1991-92, when accounting for inflation.
Given that a large portion of the General Fund Revenue is Sales Tax, this trend reflects the statewide improvement in the
economy.
The following Chart compares changes in General Fund Expenditures compared to the previous Fiscal Year:
GENERAL FUND EXPENDITURES
TOTAL
EXPENDED % OF TOTAL $ CHANGE FROM % CHANGE FROM
TITE 1995/96 CURRENT YEAR PRIOR YEAR PRIOR YEAR
GENERAL GOVERNMENT $ 1,496,978 10.43 % ($ 84,161 ) ( 5.32)%
CIVIC CENTER DEBT SERVICE $ 1,499,522 10.45 % $ 38,073 2.61 %
PUBLIC SAFETY $ 6,043,221 46.79 % $ 671,587 11.11%
HIGHWAYS & STREETS $ 691,336 4.82% $ 151,399 28.04 %
HEALTH & WELFARE $ 0 0.00% ($ 17,412) Immaterial Compared
To Total Expenses
CULTURE & LEISURE $ 1,847,110 12.87 % $ 81,120 4.59 %
COMMUNITY DEVELOPMENT $ 1,778,990 12.39 % $ 528,162 42.25 %
CAPITAL OUTLA Y $ 322.243 2.25 % $ 142.522 79.30 %
TOTAL $14.350.241 100.00% $1.511.290 5.51 %
As noted above, General Fund expenditures increased when compared to the prior year. The specific areas experiencing
the greatest growth in General Fund Expenditures during 1995/96 were heavily related to Public Safety and Development
issues. For example, Public Safety costs increased due to changes in the contract Police Services overhead charges as
well as the addition of patrol personnel to service the annexation area. Fire Service costs also contributed to the increase
in Public Safety costs. Fire cost increases were primarily related to: (1) increased labor costs; (2) initial implementation
of a paramedic program; and (3) increased contributions towards equipment replacement costs. Increased costs in
Community Development related expenditures were attributable to special studies related to development, a General Plan
Amendment to accommodate a 500 acre project in west of the current City Limits; and plan checking and inspection.
Significant portions of the increased development related costs, are recovered directly through fees and charges.
The following chart provides a historical perspective for General Fund spending over the past five years and includes a
trend line showing spending adjusted to constant I992 dollars. This trend line adjusts spending patterns for increases in
the regional Consumer Price Index over the period. It is of particular interest to note that the spending levels in constant
dollars were at approximately the same level for both 1991-92 and 1995-96.
xiv
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I DEBT ADMINISTRATION
The City has no outstanding General Obligation debt. The City does administer funds for debt issued pursuant to the
I 1915 Improvement Act on one capital improvement project. The total amount of assessment debt outstanding at June 30,
1996 is $2,208,000. This debt is related to the Dublin Boulevard Extension Assessment District. This amount is
repayable from property assessments levied on properties benefiting from the improvements. Revenues collected were
I sufficient to finance all required debt service expenditures for the year ending June 30, 1996. There were no material
delinquent assessment revenues at year end.
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Historical General Fund Expenditures
L c:::J Actual --- Constant 199~
$14,500,000
$11,000,000
$14,000,000
$13,500,000
$13,000,000
$12,500,000
$12,000,000
$11,500,000
$10,500,000
$10,000,000
1991/92
1992193
1993/94
1994195
1995196
RISK MANAGEMENT
The City of Dublin is a member of ABAG PLAN Corporation. This is a public agency pool providing liability insurance
coverage to approximately 29 Bay Area cities. The coverage limit is $5 million per occurrence. The City of Dublin has
selected a $50,000 deductible. The pool also provides property insurance coverage with a $5,000 deductible except for
vehicle losses, which carry a $10,000 deductible. The pool purchases required employee bonds from a commercial
surety company. In accordance with GASB 10, the City established a liability of $137,210 for uninsured claims. This
includes a provision for losses which may be "incurred but not reported" (IBNR). The actual liability claims cost paid by
the City for Fiscal Year 1995-96 was $6,387.
CASH MANAGEMENT
Cash which is temporarily idle during the year was invested by the City Treasurer in accordance with adopted investment
policies. The amount of interest earned on all Governmental Fund Types was $1,304,581. The 1995/96 annual yield was
5.76%, for Governmental Fund Types, based upon average monthly balances. The City had higher balances invested and
achieved a slightly better interest rate in 1995/96, compared to the prior Fiscal Year. This was achieved during a year in
which the rate paid by the State of California Local Agency Investment Fund (LAIF) was declining. The quarterly
interest rate paid by LAIF was at 5.98% on July 1, 1995 and finished the fiscal year at approximately 5.52%. The
inclusion of fixed rate investments extending for more than one year in the portfolio, helped to protect against this
decline in shorter term investment rates.
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The City Council has established a policy to invest idle funds in accordance with various priorities. The highest priority
is the prepayment of the 1993 Civic Center Certificates of Participation (COP's) in February 1999. The amount required
at that time will be $13,052,781. The portfolio was invested in increments to meet this target date and still maintain
adequate short term cash flow reserves. At June 30, 1996 the portfolio of investments held for Governmental Fund
Types included $13,923,571 (face value at maturity) in Federal Treasury Notes and United States Agency Notes,
representing an average weighted maturity of 1.96 years. The City has positioned its cash needs to allow it to hold all
securities to maturity.
Fund Balance in the General Fund has been reserved in an amount equivalent to the book value of investments exceeding
one year in maturity. Excluded from this reserve are any deposits which mature in more than one year and investments
which are fully insured by the Federal Deposit Insurance Corporation (FDIC). On a quarterly basis the City Council is
provided with a report on investment activity. The investment strategy emphasizes the safety of the portfolio and
liquidity to match anticipated cash flow needs. The portion of the portfolio containing U.S. Notes and Agency
Obligations does not include any repurchase agreements.
INDEPENDENT AUDIT
Each year the City of Dublin obtains an independent annual audit of the City's financial records. The information
presented includes a review of the results of operations and changes in financial position. The report is presented to the
City Council at a public meeting. This report includes the Auditor's opinion for the combined financial statements of the
City of Dublin.
AWARDS
The Government Finance Officer's Association (GFOA) and the California Society of Municipal Finance Officer's
(CSMFO) have both recognized the City of Dublin for its Comprehensive Annual Financial Report covering the period
ending June 30, 1995. Copies of the awards from these entities are included in this report. This represented the sixth
consecutive year that the City report was recognized by the GFOA. In order to be recognized, the City was required to
produce an easily readable and efficiently organized report. The report must also meet the requirements for generally
accepted accounting principles and legal requirements. The Certificate of Achievement is valid for a period of one year.
We believe that our current report continues to meet the Certificate of Achievement program requirements. It is our
intent to submit this report to GFOA and CSMFO to determine its eligibility for their certificates.
ACKNOWLEDGMENTS
The Finance Department of the City of Dublin is very small given the scope of the City financial operations as presented.
It is especially appropriate to recognize the efforts of: Lynn Harrington, Finance Technician 11; Katie Mooney, Finance
Technician II; and Teresa Ninman, Office Assistant II, in the preparation of the 1995-96 report. The report and the audit
were completed in a timely manner, which was complicated by my absence. Their willingness to work as a team to
accomplish this effort under a deadline is to be commended. Staff also appreciates the time and effort expended by the
independent auditors ofVavrinek, Trine, Day & Co. in the preparation of the financial statements.
The City Council must also be recognized for their continued support of excellence in financial reporting to the public.
Staff intends for the report to be a sense of pride and accomplishment, which is a high priority in the provision of all
services identified by the City Council.
o:;li~~
Paul S. Rankin
Assistant City Manager / Administrative Services Director
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FINANCIAL SECTION
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(;ary T. Cict1clla. C.P.A.
Donald A. DrifTrnier, C.I' A.
Gregory 1'. Cook, C.I'A.
Dennis ^. I-'ringle. cr'.A.
non S. White, CP.A.
Roy J. Rl<lir, C.P.A.
.Icflrc-y A. Caner, CP.A.
Karen white. CPA.
Vavrinek, Trine, Day & Co.
Linda S. Todd, C.PA,
C. -mrn Nelson. C.f'.A..
Kevin T. Plllliam, cr.A.
Heidi E. Ross, C.P.A.
Tholnus A. Brewer, LY.A..
Davie! L. Dayton. C.P.A.
.lames Balsano, Principul
Jeri ^. Wenger, PrirH.:ip'.11
ctVJrh'.s II. Gielow. .Ir., Conslllianl
Certified PutJlic ^('(:()Unt~HJts
Mcrllbcrs;
. Arnericwl Instilulc of Certified PIJhlic: AC:UHHlliilllS
,. SEe Pr<-:l(:tin: S('c;!ifHl
. (;ulitorniiJ Society of Certified Public: AlT()\JT11i1nts
... Westen) AssociatiC)fl of AC('OUTltirlg Pirrns
INDEPENDENT AUDITOR'S REPORT
To the City Council
City of Dublin, California
We have audited the general purpose financial statements of the City of Dublin as of and for the years ended June
30, 1996 and 1995, as listed in the Table of Contents. These financial statements are the responsibility of the
City's management. Our responsibility is to express an opinion on these financial statements based on our
audits.
We conducted our audit in accordance with generally accepted auditing standards and the standards for financial
audits contained in Government Auditing Standards (1994 Revision), issued by the Comptroller General of the
United States. Those standards require that we plan and perfonn the audits to obtain reasonable assurance as to
whether the financial statements are free of material misstatement. An audit includes examining on a test basis
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe our audits provide a reasonable basis for our opinion.
In our opinion, such general purpose financial statements present fairly in all material respects the financial
position of the City of Dublin at June 30, 1996 and 1995, and the results of its operations and cash flows of its
proprietary fund types for the years then ended, in confonnity with generally accepted accounting principles.
Our audits were made for the purpose of fonning an opinion on the general purpose financial statements taken as
a whole. The combining fund statements and schedules listed in the Table of Contents are presented for the
purpose of additional analysis and are not a required part of the general purpose financial statements. These
combining fund statements and schedules have been subjected to the auditing procedures applied in the audits of
the general purpose financial statements, and in our opinion are fairly stated in all material respects when
considered in relation to the general purpose financial statements taken as a whole. The Statistical Section listed
in the Table of Contents was not examined by us and we do not express an opinion on this information.
In accordance with Government Auditing Standards, we have also issued a report dated September 24, 1996, on
our consideration of the City's internal control and a report dated September 24, 1996, on its compliance with
laws and regulations.
V~,~,1)1. Co.
Pleasanton, California
September 24, 1996
I 8270 Aspen Street · Hancho Cucarnonga, CA n 17:10
I '.0. BOX 4407 . Rancho Cllcarnonga, CA 91729-4407
(909) 466-4410 . f'AX (909) 466-4431
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Witt1 Offices Located; Fresno
Pleasal HOII
Laguna Hills
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CITY OF DUBLIN
GENERAL PURPOSE FINANCIAL STATEMENTS
These statements provide an overview of the combined financial position and the operating results of all fund
types and account groups. Individual funds and account groups utilized by the City are grouped in these
statements as follows:
GOVERNMENTAL FUND TYPES
These funds include general, special revenue and capital projects funds, through which governmental functions
are typically funded., with the emphasis on sources and uses of resources.
PROPRIETARY FUND TYPES
These funds include enterprise and internal service funds, which are used to account for activities similar to
private industry, with emphasis on net income determination and cost recovery.
FIDUCIARY FUND TYPE
These agency funds are used to account for assets held by the City as an agent.
ACCOUNT GROUPS
The account groups are used to establish accounting control over the City's general fixed assets and general long-
term obligations. These assets and liabilities are not spendable resources and do not require current
appropriation. They are accounted for separately from governmental fund types.
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CITY OF DUBLIN I
COMBINED BALANCE SHEETS - ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 3D, 1996 I
WITH COMPARA1IV11 AMOUNTS FOR JUNE 30, 1m
PROPRIETARY FIDUCIARY
GOVERNMENTAL FUND TYPES FUND TYPES FUND TYPE ACCOUNl'
Spo:cia1 Capital IIIlcmaI. GcQI:ra1 I
Gc:ncra1 R.cvamc Projccta SerIIlcto Emcrpriso Agaacy Fixed A..eta
ASSET
CaIh UId inveIlmantI $ 21,118,666 $1.760,62S $ T12.067 $ 276,432 $ 164,833 I
RMtrictcd CMb lad invatm=la $ 1,719,602 129,918
Rcccivablc:
AccountI 762,495 94,237 168,966
Accrued in1c:reIt 398,3'3 47,'60 I
Due 1ivm othc:r gov=IIIlCIIla 4.'0' '45,62S
Due 1ivm othc:r fimda 427,602
fupaicll 50610
Coadc:nmation dqx.ita 139,973 817 I
Dc:fc=d I;OIDpCDDtillD. JIIIItIIa.I fimda 509,378
F'mcd A..oeta 451.189 19,531.646 $ 510,205
Amoun1 to be Provided for
R.cWcnu:D1 of Gencnl Long- I
Tam Obligations
Total Aacts $ 23,317.231 $ 2.540.460 $ 441.850 $ 7'27.621 $ 21.298.808 $ 804.129 $ 510.205
llABII..IIIES I
AccountI payable 1,420,174 292, n4 231,617 1,332
Accrued wagc:s 59,578 I
Accmnnlatcd unpaid gcIIC[llllcaw 156,765
DcpoUtt payable 136,782 210,233
Liability ms..mcc cbima payable 137,210
Defmred ICVC:lIIICS 173.113 168.966 I
Due to otb.=r fimda 427,602
Due to othc:r gu\'CIIIIIlCJ1t 7,162
Duo to bondholdcn 294.751
Dc:fc=d COIIIpCIIIllItion payable 509,378
Imc:rcst payable 358,050 I
Advance payable
Certificalell oiPartieipation 15.712,576
Total Liabilities 2,091,384 nO,326 610.816 1.332 16,070.626 804,129 I
FUND EQUITY
Investm.cn1 in gm=ral thed _ 510,20:1 I
Colllrib1l1cd capital 3:10.072 5,109,890
Retained camings (deficit)
R.esc:rvcd for debt ICtYicc 1,767.162
R.escrvcd for c:quipmca1 replaccmGll1 376,217 I
UntaerVcd ( 1,648,870)
Fund balances
Reserved for:
Investments held to maturity 13,580,822 I
Prepaid. 5.610
Condemnation deposits 139,973 817
Unrescrvcd
Dcaignatcd for; I
Ccmct=y cndowmcut 60,000
EcoDomic 1IIlCCrtainty 1,369,133
ADthoIhed =xpcndi1llR:a 6,210,282 1,686,44:1
UndcaigJUltcd (6,284) (169,783) I
Total Fund Equity 21.22S.847 1.820.134 (168.966) 726.289 :1.228,182 :110.205
Total LiabilitiCl and Fund Equity $ 23.317,231 $ 2.540.460 $ 441.850 $ 7'27.621 $ 21.298,808 $ 804.129 $ :110.205
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TOTALS
I GROUPS (Mcman.ndwn Only)
General-Long
Tcnn Debt 1996 1995
I $ 24,192,623 $ 21,644,738
1,849,520 1.867,852
1,025,698 978,829
I 445,913 392,295
550,130 365,292
427,602 627.755
5,610 10,443
I 140,790 223,400
509,378 329,715
20,493,040 20,771,983
I $ 5,327,970 5,327,970 2,855,404
$ 5,327,970 $ 54,968,274 $ 50.067,706
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1,945,847 1,375,808
I 59,578 55,157
156,765 142,980
347,015 322,979
137,210 137.210
I 342,679 437,478
427,602 627,755
7,162 235
294,751 280,708
I 509,378 329,715
358,050 369,506
5,327,970 5,327,970 2,855,404
15,712,576 16,376.907
I 5.327,970 25.626.583 23.311,842
I 510,205 496,5 13
5,459,962 5,347,613
1,767,162 1,791,303
I 376,217 330,846
( 1,648.870) (1,852,350)
I 13,580,822 14,299,648
5.610 4,715
140,790 223,400
I 60,000 60,000
1,369,133 1,369.133
7.896,727 4,980,042
I (17'6.067) (294,999)
29.341,691 26,755.864
$ 5,327.970 $ 54,968,274 $ 50,067.706
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I SM ~ notes to financialstalClllCllls.
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I CITY OF DUBLIN
COMBINED STATEMENT OF REVENUES, EXPENDITURES
I AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30,1996
I WITH COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED JUNE 30,1995
I TOTALS
GOVERNMENTAL FUND TYPES (Memorandum Only)
I General Special Capital
Fund Revenue Projects 1996 1995
REVENUES
Property taxes $ 3,867,614 $ 3,867,614 $ 3,944,284
I Taxes other than property 7,626,025 $ 141,117 7,767,142 7,242,917
Licenses and permits 466,199 466,199 337,551
Intergovernmental 1,102,495 2,571,624 3,674,119 2,375,377
I Charges for services 1,372,960 820,878 2,193,838 1,798,343
Interest 1,196,819 107,762 1,304,581 1,138,402
Use of property 72,066 72,066 72,483
Fines and forfeitures 38,793 24,330 63,123 60,225
I Other revenue 110,805 568,753 679,558 588,272
Special assessments 318,117 $ 839,611 1,157,728 363,469
I Total Revenues 15,853,776 4,552,581 839,611 21,245,968 17,921,323
EXPENDITURES
Current:
I General government 2,996,500 245 2,996,745 3,042,588
Public safety 6,714,808 271,929 6,986,737 6,325,219
Highways and streets 691,336 351,673 1,043,009 944,564
I Health and welfare 1,183,933 1,183,933 696,817
Community development 1,778,244 54,510 1,832,754 1,354,796
Culture and leisure 1,847,110 1,847,110 1,765,990
Capital outlay 322,243 2,301,083 715,281 3,338,607 1,370,902
I Total Expenditures 14,350,241 4,163,373 715,281 19,228,895 15,500,876
I REVENUES OVER (UNDER) EXPENDITURES 1,503,535 389,208 124,330 2,017,073 2,420,447
OTHER FINANCING SOURCES (USES)
Contribution from Assessment District 45,684
I Operating transfers in 38,508 19,861 58,369 322,857
Operating transfers out (18,674) (28,838) (29,531) (77,043) (341,265)
I Total Other Financing Sources (Uses) 19,834 (8,977) (29,531 ) (18,674) 27,276
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
I OTHER FINANCING USES 1,523,369 380,231 94,799 1,998,399 2,447.723
Fund Balance, Beginning of Year 19,465,801 1,439,903 (263,765) 20,641,939 18,194,216
I Prior Period Adjustment 236,677 236,677
Fund Balance, End of Year $ 21,225,847 $1,820,134 $ (168,966) $ 22,877,015 $ 20,641 ,939
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CITY OF DUBLIN I
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL I
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
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GENERAL FUND
Variance I
Favorable
Budget Actual (Unfavorable)
REVENUES I
Property taxes $ 3,968,100 $ 3,867,614 $ (l00,486)
Taxes other than property 7,205,500 7.626,025 420,525
Licenses and pennits 565,650 466,199 (99,451) I
Intergovernmental 1,031,450 1,102,495 71,045
Charges for services 1,322,561 1,372,960 50,399
Interest 1,043,000 1,196,819 153,819 I
Use of property 81,850 72,066 (9,784)
Fines and forfeitures 35,000 38,793 3,793
Other revenue 135,875 110,805 (25,070) I
Special assessments
Total Revenues 15,388,986 15,853.776 464.790
EXPENDmJRES I
Current:
General government 3,285,851 2,996,500 289,351 I
Public safety 6,936,167 6,714,808 221,359
Highways and streets 717,502 691.336 26,166
Health and welfare I
Conununity development 1,879,085 1,778,244 100,841
Culture and leisure 1,972,149 1,847,110 125,039
Capital outlay 437,538 322,243 115,295 I
Total Expenditures 15,228,292 14,350.241 878,051
REVENUES OVER (UNDER) EXPENDITIJRES 160,694 1,503,535 1,342,841 I
OTHER FINANCING SOURCES (USES)
Contribution from Assessment District I
Operating transfers in 38,508 38,508
Operating transfers out (18,674) (18,674)
Total Other Financing Sources (Uses) 19,834 19,834 I
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND I
OTHER FINANCING USES $ 160,694 1,523,369 $ 1,362,675
Fund Balance, Beginning of Year 19,465,801 I
Prior Period Adjustment 236,677
Fund Balance, End of Year $ 21,225.847 I
See accompanying notes to financial statements. I
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I CITY OF DUBLIN
COMBINED STATEMENT OF REVENUES, EXPENSES
I AND CHANGES IN RETAINED EARNINGS (DEFICIT)
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
I wrrn COMPARATIVE AMOUNTS FOR TIIE FISCAL YEAR ENDED JUNE 30, 1995
I Dublin
Equipment Infonnation TOTALS
Replacement Inc. (Memorandum Only)
I Internal Enterprise
Service Fund Fund 1996 1995
I REVENUES
Facilities rents $ 1,486,750 $ 1,486,750 $ 1,461,344
Equipment usage $ 184,256 184,256 128.051
I Miscellaneous 29,894 29,894 2,130
Total Revenues 214,150 1,486,750 1,700.900
1,591,525
I EXPENSES
Depreciation 127,432 472,461 599,893 547,452
Services and supplies 57,231 18,518 75,749 74,699
I Total Expenses 184,663 490.979 675,642 622,151
I Operating Income (Loss) 29,487 995,771 1,025,258 969,374
NONOPERATING INCOME (EXPENSES)
I Interest Income 15,884 107,310 123,194 123,052
Interest Expense and bond discount amortization (916,027) (916,027) (940.276)
Nonoperating Income (Loss) 15,884 (808,717) (792,833) (817,224)
I Income Before Operating Transfers 45,371 187,054 232,425 152,150
I OPERATING TRANSFERS IN 18,674 18,674 18,408
Net Income 45,371 205,728 251,099 170,558
I Retained Earnings, (deficit) at beginning of year 330,846 (61,047) 269,799 99,241
I Prior period adjustment (26,389) (26,389)
Retained Earnings, at end of year $ 376,217 $ 118,292 $ 494,509 $ 269,799
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I See accompanying notes to financial statements.
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I CITY OF DUBLIN
COMBINED STATEMENT OF CASH FLOWS
I ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
WIlli COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED JUNE 30, 1995
I Dublin
Equipment Infonnation TOTALS
I Replacement Inc. (Memorandum Only)
Internal Enterprise
Service Fund Fund 1996 1995
I CASH FLOWS FROM OPERATING ACTIVITIES
Operating income $ 29,487 $ 995,771 $ 1,025.258 $ 969,374
Adjustments to reconcile operating income
I to cash flows from operating activities:
Depreciation 127,432 472,461 599,893 547,452
Amortization of Bond Discount Cost 40,669 40,669
I Net effect of changes in
Accrued Interest (1,205) (1,205)
Prepaid expenses 5,728 5,728 (2.849)
I Accounts payable (14,380) (11,610) (25,990) 639
Cash Flows from Operating Activities 148.267 1,496,086 1,644,353 1,514,616
I CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) Decrease in restricted investments 25,346 25,346 (12,700)
Interest received 15,884 107,310 123,194 123,652
I Premium on matured bond (26,389)
Cash Flows from Investing Activities 15,884 106,267 148,540 110,952
I CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
I Contributed capital 112,349 112,349 60,384
Fixed asset purchases (307,258) (307,258) (192,690)
Certificates of Participation principal payment (705,000) (705,000) (645,000)
Interest paid (916,027) (916,027) (908,744)
I Cash Flows from Capital and Related
Financing Activities (194,909) (1,621,027) (1,815,936) (1,686,050)
I CASH FLOWS FROM NONCAPIIAL FINANCING
ACTIVITIES
I Operating Transfers In 18,674 18,674 18,408
Cash Flows from Noncapital
Financing Activities 18,674 18,674 18,408
I Net Cash Flows (30,758) (4,369) (42,074)
I Cash and investments at beginning of year 307,190 307.190 349,264
Cash and investments at end of year $ $ $ 302,821 $ 307,190
276,432
I
I See accompanying notes to financial statements.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 - GENERAL
The City of Dublin is a residential community with a significant regional commercial base, located in the Tri-
Valley area of Alameda County at the crossroads ofInterstate Freeways 580 and 680. The City was incorporated
as a municipal corporation February I, 1982; population at January 1, 1996, was 26,267, including prisoners
housed at the Alameda County Sheriff's Department Santa Rita Jail and the Federal Correctional Institute.
The City operates under the Council-Manager form of government, with five elected Council members served by
a full-time City Manager and staff. At June 30, 1996, the City's staff comprised 39 full-time employees who
were responsible for City-provided services. In addition, the City employs approximately 30-75 seasonal
recreation persoIUlel.
The City provides many traditional municipal services through contracts with both public and private entities.
Approximately 49 contract employees provide a variety of municipal services from City facilities
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of significant accounting policies of the City, which conform with generally
accepted accounting principles applicable to governments.
A. Reporting Entity
The general purpose financial statements of the City of Dublin include the financial activities of the City as
well as Dublin Information, Inc. (DIl). DII is a separate legal entity which assists in providing financing to
the City, owns and rents facilities to the City and is utilized to distribute public information. DIl is governed
by the same governing board as the City plus the City Manager and Assistant City Manager and is dependent
on the City for its cash flows. The financial activities ofDIl have been aggregated and merged (termed
'blended') with those of the City in the Dublin Information, Inc. Enterprise Fund, Since DIl's sole business is
facilities rental, it accounts for rents as operating revenues.
B. Fund Accounting
The accounts of the City are organized on the basis of funds and account groups, each of which is considered
a separate accounting entity. The operations of each fund are accounted for with a separate set of self-
balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures, or expenses,
as appropriate. Government resources are allocated to and accounted for in individual funds based upon the
purposes for which they are to be spent and the means by which spending activities are controlled. The
various funds are grouped in the general purpose financial statements as follows:
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
General Fund is the general operating fund of the City, It is used to account for all fmancial resources
except those required to be accounted for in another fund.
Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major
capital projects) that are legally restricted to expenditures for specific purposes.
Capital Projects Funds are used to accou.nt for financial resources to be used for the acquisition or
construction of major capital facilities (other than those financed by proprietary funds),
PROPRIETARY FUND TYPES
Internal Service Fund is used to account for the financing of goods provided by one department or agency
to other departments or agencies of the City on a cost-reimbursement basis.
Enterprise Fund is used to account for operations which are financed and operated in a manner similar to
private business enterprises where the intent of the governing body is that the costs and expenses, including
depreciation, of providing goods or services to the general public on a continuing basis be financed or
recovered primarily through user charges; or where the governing body has decided that periodic
determination of revenues earned, expenses incurred, and/or net income is appropriate for capital
maintenance, public policy, management control, accountability or other purposes.
FIDUCIARY FUND TYPE
Agency Funds are used to account for assets held by the City as an agent for individuals, private
organizations, other governments and/or other funds, in accordance with the conditions of the agreements,
Agency funds are purely custodial and thus do not involve measurement of results of operations.
C. Measurement Focus
All governmental funds are accounted for on a spending or financial flow measurement focus which means
that only current assets and current liabilities are generally included on their balance sheets. Their reported
fund balance is their net current assets, which is considered only to be a measure of available spendable
resources. Governmental fund operating statements present a summary of sources and uses of available
spendable resources during, a period by presenting increases and decreases in net current assets.
Because of their spending measurement focus, governmental funds exclude fixed assets and noncurrent
liabilities. Instead, these assets and liabilities are reported in the General Fixed Assets Account Group and
the General Long-Term Obligations Account Group. These account groups measure only financial position;
they are not funds and they do not measure results of operations. They maintain accounting control over the
City's governmental fund fixed assets and City debt which will be repaid by governmental funds.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) .
In those cases when a governmental fund records a long-term receivable or other non-current asset, an
offsetting credit is made to deferred revenue or undesignated fund balance is reduced to reflect the fact that
this amount is not yet available.
Proprietary funds are accounted for on a cost of services or capital maintenance measurement focus, which
means that all assets and all liabilities associated with their activity are included on their balance sheets.
Their reported fund equity is segregated into contributed capital and retained earnings components.
Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in total
assets.
D. Fixed Assets, Depreciation, and Long-Term Liabilities
The General Fixed Assets Account Group provides accounting control over the cost of fixed assets used by
the City's governmental funds. The General Fixed Assets Account Group is not a fund and its balances are
not financial resources available for expenditure. Rather, they provide an historical accounting record of
resources expended on general fixed assets. Public domain (infrastructure) general fixed assets, which
include roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems, have
not been capitalized because these assets are immovable and of value only to the public. No depreciation has
been provided on general fixed assets,
Proprietary fund fixed assets are recorded at cost and depreciated over their estimated useful lives. The
purpose of depreciation is to spread the cost of proprietary fund fixed assets equitably among all customers
over the life of these assets, so that each customer's bill includes a pro rata share of the cost of these assets.
The amount charged to depreciation expense each year represents that year's pro rata share of the cost of
proprietary fund fixed assets.
All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not
available. Donated fixed assets are valued at their estimated fair market value on the date donated.
Depreciation of all proprietary fund fixed assets is charged as an expense against operations each year and the
total amount of depreciation taken over the years, called accumulated depreciation, is reported on the
proprietary funds' balance sheet as a reduction in the book value of the fixed assets.
Depreciation of fixed assets in service is provided using the straight line method which means the cost of the
asset is divided by its expected useful life in years and the result is charged to expense each year until the
asset is fully depreciated.
The City has assigned the useful lives listed below to proprietary fund fixed assets.
Buildings
Machinery & Equipment
37.5 years
3- 7 years
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The General Long Tenn Debt Account Group provides accounting control over the urunatured principal of
the City's general long tenn debt. This debt will be repaid out of governmental funds but is not accounted for
in these funds because this part of the debt does not require an appropriation or expenditure in this accounting
period.
The two account groups are not funds. They are concerned only with the measurement of fmancial position.
They are not involved with measurement of results of operations.
E. Contributed Capital in Proprietary Fund Types
Contributed capital in proprietary funds represents general fund construct fixed assets. Contributed capital in
the Equipment Replacement Internal Service Fund increased by $112,349 during the year ended June 30,
1996.
F. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and
reported in the general purpose financial statements. Basis of accounting relates to the timing of the
measurements made, regardless of the measurement focus applied,
All governmental and agency fund types are accounted for using the modified accrual basis of accounting.
Their revenues are recognized when they become measurable and available as net current assets.
Those revenues susceptible to accrual are property taxes, sales taxes, interest revenues and charges for
services. Fines, licenses, transient occupancy taxes and pennit revenues are not susceptible to accrual
because they generally are not measurable until received in cash.
Expenditures are generally recognized under the modified accrual basis of accounting when the related fund
liability is incurred, except for principal and interest on general long tenn obligations which is recognized
when due. Because of their current financial resources focus, expenditure recognition for governmental fund
types excludes amounts represented by noncurrent liabilities. Since they do not affect net current assets, such
long-tenn amounts are not recognized as governmental fund expenditures or fund liabilities,
All proprietary fund types are accounted for using the accrual basis of accounting. Their revenues are
recognized when they are earned, and their expenses are recognized when they are incurred.
G. Budgets and Budgetary Accounting
The City follows these procedures in establishing the budgetary data reflected in the general purpose fmancial
statements:
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
1. Prior to June 30 the City Manager submits to the City Council a proposed operating budget for the fiscal year
commencing the following July 1. The operating budget includes proposed expenditures and the means of
fmancing them.
2. The public is given an opportunity to comment on budget at a noticed City Council meeting.
3. Prior to July 1, the budget is legally enacted through passage of a resolution.
4. The City Manager is authorized to transfer budgeted amounts between line items within any department;
however, any revisions which alter total departmental expenditures of the City must be approved by City
Council. Expenditures may not exceed budgeted appropriations at the departmental level without City
Council approval.
5. Formal budgetary integration is employed as a management control device during the year for the general
fund, special revenue funds and capital projects funds,
6. Budgets for the general, special revenue and capital projects funds are adopted on a basis consistent with
generally accepted accounting principles.
All unexpended appropriations lapse at the end of the fiscal year.
Budgeted amounts presented in the financial statements are as originally adopted, or as amended by the City
Council. Individual amendments were not material in relation to original appropriations,
H. Cash Flows
Proprietary fund type cash and investments are used in the preparation of the statement of cash flows as
investments are not allocated to specific funds, Each of these funds' allocation of pooled cash and
investments is considered cash and cash equivalents, Restricted cash and investments held in proprietary
funds are composed of investments with maturity terms greater than three months and are therefore not
considered cash and cash equivalents.
L Deferred Compensation Plan
City employees may defer a portion of their compensation under a City sponsored deferred compensation
plan created in accordance with Internal Revenue Code Section 457. Under this Plan, participants are not
taxed on the deferred portion oftheir 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.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The City has no liability for any losses incurred by the Plan and does not participate in any gains, but it does
have the duty of due care that would be required of an ordinary prudent investor, The City has a contract
with the ICMA Retirement Corporation (lCMA) to manage and invest the assets of the Plan. ICMA pools the
assets of the Plan with those of other participants and does not make separate investments for the City. The
assets in the Plan are the sole property of the City until they are distributed to participants and participants
rights to these assets are equal to those of general creditors of the City. However, the City believes the
likelihood of any claim by general creditors is remote.
The Plan requires investments to be stated at fair market value and it requires all gains and losses on Plan
investments to accrue directly to Participants' accounts. Increases and decreases in the Plan's assets during
the fiscal year ended June 30, 1996 were as follows:
Balance at beginning of fiscal year
Participants contributions
Net investment gains
Administrative fees
ICMA
$329,715
116,954
63,155
(446)
Balance at end of fiscal year
$ 509,378
J. Property Tax
Alameda County assesses properties and bills, collects, and distributes property taxes to the City. The
County remits the entire amount paid and handles all delinquencies. The City receives proportionate shares
of prior year collections including retaining interest and penalties. Secured and unsecured property taxes are
levied on March 1 of the preceding fiscal year.
Secured property tax is due in two installments, on November 1 and March 1, and becomes a lien on those
dates. It becomes delinquent on December 10 and April 1 0, respectively. Unsecured property tax is due on
July 1, and becomes delinquent on August 31,
The term 'unsecured' refers to taxes on personal property other than real estate, land and buildings. These
taxes are secured by liens on the property being taxed. Property tax revenues are recognized by the City in
the fiscal year they are assessed, provided they become available within 60 days of year end.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
K. Accumulated Unpaid General Leave
The City accounts for 100% of the liability for accumulated unpaid general leave in the General Fund since
the City's policy is to liquidate any unpaid general leave from currently available expendable resources rather
than future resources. The City offers its employees general leave benefits which are composed of time off
for illnesses and vacations. Employees receive benefits in the form oftime off or in cash if employment with
the City ceases.
L Post Employment Health Care Benefits
The City provides certain health care benefits for three retirees as required under a contract signed with
PERS. All former employees who retire under PERS are eligible for these benefits. The cost of retiree health
care benefits is recognized as an expenditure as premiums are paid. For the year ended June 30, 1996 those
costs totaled $12,273,
M. Total Columns on Combined Financial Statements
Although each of the City's funds is a separate accounting entity, the Combined Financial Statements also
include total columns, which are captioned Memorandum Only to indicate that they are presented only to
facilitate financial analysis. Data in these columns do not present financial position, results of operations, or
changes in cash flow in conformity with generally accepted accounting principles. Neither is such data
comparable to a consolidation, since no interfund eliminations have been made in the aggregation of this
data.
N. Classification Changes
The classification of certain amounts has been changed to improve the June 30, 1995 financial presentation.
For comparative purposes, prior year amounts have been reclassified to conform with the June 30, 1996
presentation.
NOTE 3 - CASH AND INVESTl\1ENTS
The City pools cash from all sources and all funds except that held by fiscal agents under debt indentures so that
it can be safely invested at maximum yields, consistent with safety and liquidity, while individual funds can
make expenditures at any time.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 3 - CASH AND INVESTMENTS, Continued
Casb and Investment Summary
A. Cash (includes condemnation deposits)
B. Investments
Total
$ (282,390).
26.465.323
$26.182.933
· The negative cash balance is due to timing differences. These timing differences result from outstanding
checks as noted within the June 30, 1996, bank reconciliation. The actual cash balance in the bank is $167,825
as noted below.
A. Cash Deposits and Collateral
BANK BALANCE
CATEGORY
2
TOTAL
CARRYING
AMOUNT
3
Categorized
Cash on hand and in banks $
FICA Master Money Market
lnterestAccotult
167,825 $
(426,033)
167,825
$
2,203
2,203
2,203
Total Deposits
$
$
$
337,853 $
(423,830)
170,028 $
Un categorized:
Petty cash
Condemnation deposits
650
140,790
Total Cash
$
(282,390)
California law requires banks and savings and loan institutions to pledge government securities with a market
value of 110% of the deposit or first trust deed mortgage notes with a value of 150% of the deposit as
collateral for all municipal deposits. This collateral is considered to be held in the City's name and places the
City ahead of general creditors of the institution. The City has waived collateral requirements for the portion
of deposits covered by federal deposit insurance.
These categories are as follows:
Category 1: Cash on hand or insured by the Federal Deposit Insurance Corporation or collateralized with
securities held by the City or by its agent in the City's name.
Category 2: Collateralized with securities held by the pledging fmancial institution's trust deparnnent or
agent in the City's name.
Category 3: This includes any bank balance that is collateralized with securities held by the pledging
fmancial institution, or by its trust department or agent but not in the City's name.
-21-
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 3 - CASH AND INVESTMENTS (Continned)
B. Categorization of Credit Risk of Securities Instruments
CATEGORY
Investments: 2 3
Categorized
Government securities $ 13,929,011
Govt. Securities - Debt service reserves $ 1,717,399
Certificates of Deposit 689,000
Total Categorized Investments $ 14,618,011 $ 1,717,399 $
CARRYING MARKET
AMOUNT VALUE
$ 13,929,011 $ 13,698,376
1,717,399 1,690,287
689,000 689,000
16,335,410 16,077,663
Uncategorized:
Local Agency Investment Fund (LAIF)
Dean Witter U.S. Government Securities Mutual Fund
First American Govt. Corp. Trust
8,300,000 8,300,000
1,699,996 1,576,561
129,917 129,917
10,129,913 10,006,478
$ 26,465,323 $ 26,084,141
Total Uncategorized Investments
Grand Total Investments
The City invests in individual investments and in investment pools. Individual investments are evidenced by
specific identifiable pieces of paper called securities instruments, or by an electronic entry registering the
owner in the records of the institution issuing the security, called the book entry system. In order to
maximize security, the City employs the Trust Department of a bank as the custodian of its investments with
the U.S. Government or its agencies, regardless of their foon.
The City categorizes its individual securities instruments in ascending order to reflect the relative risk of loss
of these instruments. This risk is called Credit Risk, the lower the number, the lower the risk. The three
levels of risk prescribed by generally accepted accounting principles are described below:
Category 1 - Securities instruments in this category are in the City's name and are in the possession of the
Trust Department of the bank employed by the City solely for this purpose. The City is the registered owner
of securities held in book entry form by the bank's Trust Department.
Category 2 - Securities instruments and book entry form securities in this category are in the bank's name but
are held by its Trust Department in a separate account in the City's name.
Category 3 - None of the City's investments are in this category, which would include only City-owned
securities instruments or book entry form securities which were not in the City's name or which were not held
by the bank's Trust Department.
Pooled Investments - Pooled investments are not categorized because oftheir pooled, rather than individual,
nature.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 3 ~ CASH AND INVESTMENTS (Continued)
C. Authorized Investments
The City's investment policy and the California Government Code allow the City to invest in the following
types of investments, subject to certain limitations as described in the City's investment policy:
Securities of the U.S. Government, or its agencies
Certificates of Deposit
Bankers Acceptances
Local Agency Investment Fund (State Pool) Deposits
Repurchase Agreements
Commercial Paper
Mutual Funds
D. Market Risk and Investment Maturities
The City limits market risk by limiting the types and maturities of its investments and by not borrowing
against its investments. Investment yield is ranked after safety and liquidity in making investment decisions.
All investments are held to maturity and maturities are matched to the City's projected cash flow needs.
Investments matured as follows at June 30:
Available immediately
maturities of less than one year
Maturities of one to three years
Maturities of three to five years
1996
$ 9,998,511
2,870,153
13,596,659
1995
$ 6,253,490
1,243,971
5,320,610
10,694,519
Total
$ 26,465,323
$ 23,512,590
E. Return on Investments
The City's return on investments comprises only interest income; there were no gains or losses on sales of
securities since all were held to maturity, Interest income of$I,306,786 earned during fiscal 1996
represented a return of 5.76% on the City's month-end average investment balances. This income is allocated
among funds on the basis of their average month-end cash and investment balances.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 4 -lNTERFUND TRANSACTIONS
A. Interfund Balances
During the normal course of business, individual funds may receive or pay amounts for other funds, giving
rise to interfund receivables or payables which are liquidated shortly after year end. These interfund balances
comprised the following at June 30, 1996:
Special Revenue Funds:
Traffic Safety
Community Development Block Grant
Intennodal Surface Transportation Act
FEMA
SB 300 Grant
$
2,297
37,760
363,022
6,571
17,952
Total
$
427,602
The amounts owed represent General Fund advances for expenditures chargeable to these funds, and will be
repaid in the normal course of business in fiscal 1996,
B. Operating Transfers
With Council approval, resources may be transferred from one City fund to another. The purpose of the
majority of transfers, called operating transfers, is to reimburse a fund which has made an expenditure on
behalf of another fund. Less often, a residual equity transfer may be made to open or close a fund. Operating
transfers between individual funds during the fiscal year ended June 30, 1996 are presented below. Most of
these transfers were reimbursements of administrative costs incurred on behalf of the fund making the
transfer.
Fund Making Transfer
Fund Receiving Transfer
Amount
General Fund
Community Development Block Grant
FEMA
FEMA
Capital Fund
Dublin Information Enterprise Fund
General Fund
State Gas Tax Fund
General Fund
General Fund
$ 18,674
6,600
19,861
2,377
29,531
Total
$ 77,043
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 5 - FIXED ASSETS
The City makes capital outlays for general fixed assets and for infrastructure. General fixed assets include
land, buildings and equipment used in City operations. Depreciation is not provided on general fixed assets
since the cost of these assets is accounted for as an expenditure, reducing fund balance in the year they are
acquired.
Infrastructure includes roads, bridges, curbs, sidewalks, drainage systems, street and traffic lights and other
improvements used by all citizens. Expenditures for infrastructure are not capitalized.
Fixed assets balances and activity were as follows:
Balance Balance
July 1, 1995 Additions Retirements June 30, 1996
General Fixed Assets
Land $ 120,000 $ 120,000
Equipment 376,513 $ 17,580 $ 3,888 390,205
Total $ 496,513 $ 17,580 $ 3,888 $ 510,205
Enterprise Fund
Civic Center Land 6,842,037 6,842,037
Civic Center Building 15,453,847 15,453,847
Machinery & equipment 422,510 422,510
Total 22,718,394 22,718,394
Less accumulated depreciation 2,714,287 $ 472,461 3,186,748
Net $ 20,004,107 $ 19,531,646
Internal Service Fund
Machinery & equipment 575,448 307,258 16,519 866,187
Less accumulated depreciation 304,085 127,432 16,519 414,998
Net $ 271,363 $ 179,826 $ $ 451,189
NOTE 6 - LONG TERM OBLIGATIONS
The City generally incurs long-term debt to finance projects or purchase assets which will have useful lives equal
to or greater than the related debt. The City's debt issues and transactions are summarized below and discussed
in detail subsequently.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 6 - LONG TERM OBLIGATIONS, Continued
General Long-Term Debt Account Group
Balance Balance
July 1, 1995 Additions Retirements June 30, 1996
A. Bart Short-Term Advance $ 1,533,873 $ 36,089 $ (1,569,962)
A. Bart Long-Term Advance 1,321,531 64,233 $ 1,385,764
B. Alameda County Surplus Property Authority 1,569,962 1,569,962
C. City of Pleasant on 2,372,244 2,372,244
Total $ 2,855,404 $ 4,042,528 $ (1,569,962) $ 5,327,970
A. BART Agreement/Dublin Boulevard Assessment District
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. The roadway will service a
station under construction by BART. BART advanced the City $2,285,000 to purchase land and construct the
road extensions. The advance was structured with two components a Short Term and a Long Term Advance.
These projects are now complete.
Short Term Advance:
The amount provided as a "Short. Term Advance" came due on December 31, 1995. In accordance with a
separate agreement the amount was repaid by the Alameda County Surplus Property Authority. See Note B,
below.
Long Term Advance:
BARTs long term advance to the City, including 'accrued interest as of June 30, 1996 is $1,385,764 which
has no specific due date. Under the City's Agreement with BART, interest on the advance accrues at a rate
based on BART's average rate of return on its investments. During the year ended June 30, 1996 unpaid
interest incurred was added to the balance owed in the amount of$64,233. 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. However, the Agreement provides for the
forgiveness by BART of any principal or interest still outstanding on March 27, 2010.
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CITY OF DUBLlN
Notes to General Purpose Financial Statements
NOTE 6 - LONG TERM OBLIGATIONS (Continued)
B. Alameda County Surplus Property Authority
The City entered into an agreement with Alameda County Surplus Property Authority for the repayment of
the City's Short Term BART Advance by the Authority. Under the terms of the agreement with the
Authority interest on the advance shall accrue at a rate based on the Alameda County Treasurers return on
investments. As of June 30, 1996 the advance including accrued interest is $1,569,962. 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.
c. City of Pleasanton
The City has entered into an agreement with the City of Pleasant on for an advance of the cost of construction
of an extension of Dublin Boulevard, including the Hacienda drive extension, and extending to Tassajara
Road. The advance as of June 30, 1996 is $2,372,244 which includes $156,122 interest for the current year.
Interest accrues on the reimbursement at 7.48% 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 has recorded the BART, Alameda County Surplus "Authority and the City of Pleasant on advances
as general long-term debt at June 30, 1996 because, despite the Agreement's forgiveness clause, the City is
confident there will be sufficient City revenues generated from traffic impact fees levied on new development
in the Eastern Dublin Specific Plan Area.
D. 1993 Certificates of Participation
Enterprise Long-Term Debt:
Balance Balance
July I, 1995 Additions Retirements June 30, 1996
1993 Certificate of Participation (COP) $ 16,970,000 $ (705,000) $ 16,265,000
Cost ofIssuance 1993 COP (593,093) $ 40,669 (552,424)
Total $ 16,376,907 $ 40,669 $ (705,000) $ 15,712,576
The City leases the Dublin Civic Center building under a non-cancelable lease. The lease payment schedule
continues through February 2020. The lease is automatically canceled once all outstanding payments have
been made. Under this lease, the City makes semi-annual payments which are sufficient to pay the principal
and interest on the 1993 Certificates of Participation. Ownership of the building reverts to the City at the end
of the lease. The cost of the building and the balance of the debt evidenced by the 1993 Certificates of
Participation have been included in the City's financial statements as this lease is in essence a financing
arrangement, with ownership of the financed assets reverting to the City at its conclusion, and is payable from
general government resources.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 6 - LONG TERM OBLIGATIONS (Continued)
The 1993 COPs bear interest at rates of2.8% to 5.8%, are due through February, 2010, require annual
principal payments on February 1 and semi-annual interest payments on February 1 and August 1. The COPs
may be prepaid without penalty commencing February 1, 1999. Principal payments of$705,000 and
$645,000 were made during the fiscal years ended June 30, 1996 and 1995, respectively. Amortization of
original issue discount equated to $40,670 in both fiscal years. Debt service on the COPs are repayable from
Dublin Infonnation, Inc. Enterprise Fund revenues. Enterprise fund revenues are comprised primarily of
lease payments from general government resources and interest earnings on the debt service reserve funds
held by the trustee,
E. Maturity Schedule - (General Long~Term Debt Account Group and Enterprise Debt):
Annual debt service requirements for long term debt, including interest on 1993 COPS, are as follows:
Alameda County
For the Year City of BART Surplus 1993
Ending June 30, Pleasanton Agreement Property COPs Total
1997 $ 1,589,319 $ 1,589,319
1998 1,594,389 1,594,389
1999 1,716,494 1,716,494
2000 1,713,944 1,713,944
2001 1,712,144 1,712,144
Thereafter $ 2,372,244 $ 1,385,764 $ 1,569,962 15,437,824 20,765,794
$ 2,372,244 $ 1,385,764 $ 1,569,962 $ 23,764,114 $ 29,092,084
The COP debt service shown above is the gross Debt Service due for the years shown. This does not account
for annual interest earnings from Reserve Fund investments held by the Trustee. In accordance with the
financing documents the annual interest may be used to reduce the annual debt service payments made by the
City.
F. Special Assessment District Debt:
The Dublin Boulevard Extension Special Assessment District formed within City limits, had outstanding,
debt with a balance of $2,208,000 at June 30, 1996. Proceeds of the debt were used to finance improvements
within District boundaries. The City has no legal, contingent or moral obligation for the repayment of this
debt and acts solely as the collecting and paying agent for the District and activities of the District are
reported in the Dublin Boulevard Extension Assessment District Agency Fund.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 6 - LONG TERM OBLIGATIONS (CODti!l~ed)
G. Defeased Debt:
At June 30, 1996 the total balance of the defeased 1988 COPs was $14,300,000. As required by the
defeasance. securities had been placed in an irrevocable trust with an escrow agent to provide for all future
debt service payments on the 1988 COPS. which are no longer considered liabilities of the City.
NOTE 7-FUND BALANCES
A. Deficits
The following funds had deficit balances at June 30, 1996:
Capital Projects Fund
Capital Projects
$ 168,966
The deficit for this fund will be eliminated through future revenues.
B. Reserves and Designations
Fund equity consists of reserved and unreserved amounts. Reserved fund equity represents that portion of a
fund balance or retained earnings which has been appropriated for expenditure or is legally segregated for a
specific future use. The remaining portion is unreserved.
A portion of unreserved fund balance may be designated to indicate plans for financial resource use in a
future period. such as for general contingencies or capital projects.
Fund balances are reserved as follows:
Reserve for prepaids and condemnation deposits is the portion of fund balance set aside to indicate that these
items do not represent available, spendable resources even though they are a component of assets.
Reserved for investments held to maturity is the portion of fund balance set aside for long term investments
which the City intends to hold until maturity, These investments are scheduled to mature from one to five
years after year end.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 7 - FUND BALANCES (Continued)
Fund balances designated by City Council are as follows:
Designated for cemetery endowment is the portion of fund balance to be retained. This represents funds
transferred by the Dublin Cemetery Association, when the City acquired the cemetery. Interest on this
amount is to be used for maintaining the Dublin Cemetery. In the fiscal year ended June 30, 1996 interest
earnings on the endowment funds totaled $3,431. Related cemetery maintenance expenditures net of fees
collected were $13,195.
Designated for economic uncertainty is the portion of fund balance to be used in the event of economic
uncertainty.
Designated for authorized expenditures is the portion of fund balance to be used for expenditures approved by
Council.
NOTE 8 . JOINT POWERS AGENCIES
The City participates in joint ventures with other municipal entities through Joint Powers Authorities (JPAs)
established under the Joint Exercise of Powers Act of the State of California. As separate legal entities, these
JPAs exercise full powers and authorities within the scope of the related Joint Powers Agreement, including the
preparation of annual budgets, accountability for all funds, the power to make and execute contracts and the right
to sue and be sued. Obligations and liabilities of the JPAs are paid by the JPAs and are not those of the City or
other members.
Each JP A is governed by a board consisting of representatives from each member. Each board controls the
operations of its respective JP A, including selection of management and approval of operating budgets,
independent of any influence by member agencies beyond their representation on the Board.
The City is a member of the following Joint Powers Authorities:
A. Livermore-Amador Valley Transit Authority
This Authority was formed in May 1985 by a joint exercise of powers agreement between the County of
Alameda and the Cities of Livermore, Pleasanton and Dublin for the purpose of providing general public
transportation and paratransit services under the business name "Wheels". Audited financial information can
be obtained from the Authority at 1362 Rutan Court #100, Livermore, CA 94500.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 8 - JOINT POWERS AGENCIES (Continued)
B. Dougherty Regional Fire Authority
The Cities of Dublin and San Ramon established the Dougherty Regional Fire Authority (DRF A) to provide
fire suppression and prevention services. DRFA is controlled by a six member board consisting of three
members from each City Council. The board appoints management and employees of DRF A and is
responsible for DRF A's budget, operations and fmances. Audited financial information for the Authority can
be obtained from the City of San Ramon, 2222 Camino Ramon, San Ramon, CA 94583.
NOTE 9 - RISK MANAGEMENT
A. Risk Pool
The City participates in the ABAG Plan Corporation which covers general liability claims in an amount up to
$5,000,000 and property to $100,000,000. The City has a deductible or uninsured liability for general
liability of up to $50,000 per claim. The deductible for property claims is $5,000 per occurrence, excluding
auto claims which have a $10,000 deductible. Once the City's deductible is met ABAG PLAN becomes
responsible for payment of all claims up to the limit. During the fiscal year ended June 30, 1996 the City
contributed $69,299 for current year coverage and received a refund of $39,694 of prior years excess
contributions.
ABAG PLAN is governed by a board consisting of representatives from member municipalities. The board
controls the operations of ABAG PLAN including selection of management and approval of operating
budgets, independent of any influence by member municipalities beyond their representation on the Board.
The City's contributions to ABAG PLAN for liability coverage is based on a formula which considers the
ratio of the City's payroll to the total payrolls of all entities participating in the same layer of each program, in
each program years loss history and population. Actual surpluses or losses are shared according to a formula
developed from over a loss costs and spread to member entities on a percentage basis after a retrospective
rating.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 9 - RISK MANAGE:MENT (Continued)
Audited condensed financial information for ABAG PLAN, as audited by other auditors, for the year ended
June 30, 1996, the most recent available, is presented below:
ABAG PLAN
Total Assets
Reserves for losses and other liabilities
Total members equity
Total revenue
Total expenses
Distributions to members
Increase (decrease) in retained earnings
$ 26,341,876
15,032,280
11,309,596
7,115,108
3,796,383
1,491,097
336,531
B. Liability for Uninsured Claim-Adoption ofGASB 10
The Governmental Accounting Standards Board (GASB) is requiring municipalities to record their liability
for uninsured claims and to reflect the current portion of this liability as an expenditure in their financial
statements. As discussed, above, the City has coverage for such claims, but it has retained the risk for the
deductible, or uninsured portion of these claims in the ABAG PLAN. GASa Statement 10, "Financial
Reporting for Risk Financing and Related Insurance Issues" now requires that this amount be separately
identified and recorded as a liability.
The City's liability for uninsured claims, limited to general liability claims as discussed above, includes a
provision for IBNR losses. This amount was estimated based on claims experience. Since incorporation in
1982, the City has never had a loss which exceeded the amount of insurance coverage. The claim liability for
the current and prior year are as follows:
Liability
Actual Claims Expense
June 30. 1995
$137,210
$ 15,637
June 30. 1996
$137,210
$ 6,387
The City has obtained a workers' compensation insurance policy from the State Compensation Insurance
Fund which has no deductible.
NOTE 10 - PENSION PLAN
A. Plan Description
The City contributes to the California Public Employees Retirement System (PERS), an agent multiple-
employer public employee retirement system which acts as a common investment and administrative agent
for participating public entities within the State of California.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 10 ~ PENSION PLAN (Continued)
All qualified pennanent and probationary employees are eligible to participate in PERS. Benefits vest after
five years of service and are payable monthly for life upon retirement. Employees who retire at age 60 with 5
years of credited service receive a benefit equal to 10% of their average monthly salary for their highest three
consecutive years of employment. Benefits increase with age and credited service years up to a maximum of
2.418% for each credited service year. A credited service year is one year of full time employment.
PERS requires a contribution of 7% of the employees annual salary which the City pays on the behalf of the
employees. In addition, the City is required to contribute the remaining amount necessary to fund the
benefits for its members using the actuarial basis adopted by PERS Board of Administration. For the year
ended June 30, 1996, the employer rate for the City was 6.308%. These benefit provisions and all other
requirements are established by state statute and city ordinance. Contributions necessary to fund PERS on an
actuarial basis are detennined by PERS and its Board of Administration,
B. Funding Status and Progress
The amount shown below as the "pension benefit obligation" is a standardized disclosure measure of the
present value of pension benefits, adjusted for the effects of projected salary increases and step-rate benefits
estimated to be payable in the future as a result of employee service to date. The measure is intended to help
users assess the funding status of PERS on a going-concern basis, assess progress made in accumulating
sufficient assets to pay benefits when due and make comparisons among employers. The measure is the
actuarial present value of credited projected benefits and is independent of the funding method used to
detennine contributions to the PERS.
The pension benefit obligation was computed as part of an actuarial valuation performed by PERS as of June
30, 1995, which is the most recent data available. Significant actuarial assumptions used in the valuation
include (a) a rate of return on the investment of present and future assets of 8.50% a year compounded
annually, (b) projected salary increases of 4.5% a year compounded annually, attributable to inflation, and (c)
projected salary increases of 0.0% attributable to seniority/merit.
Total over-funded pension benefit obligation applicable to the City's employees at June 30, 1995, the most
recent infonnation available, is as follows:
Pension benefit obligation:
Retirees and beneficiaries currently receiving benefits
and terminated employees not yet receiving benefits
Current employees:
Accumulated employee contributions including allocated investment
Employer-financed vested
Employer-fmanced nonvested
Total pension benefit obligation
Net assets available for benefits, at cost
(Market value was $2,480,978 at June 30, 1995)
Over-funded pension benefit obligation
$ 138,746
941,271
647,259
44,655
1,771,931
2,333,940
$ 562,008
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 10 - PE;';SION PLAN (Continued)
C. Actuarially Determined Contribution Requirements and Contributions Made
PERS uses the Entry Age Normal Actuarial Cost Method which is a projected benefit cost method. That is, it
takes into account those benefits that are expected to be earned in the future as well as those already accrued.
According to this cost method, the normal cost for an employee is the level amount which would fund the
projected benefit if it were paid annually from date of employment until retirement. PERS uses a
modification of the Entry Age Cost Method in which the employer's total normal cost is expressed as a level
percentage of payroll. PERS also uses the level percentage of payroll method to amortize any unfunded
actuarial liabilities. The amortization period of the unfunded actuarial liability ends on June 30, 2011.
The significant actuarial assumptions used to compute the actuarially determined contribution requirement
are the same as those used to compute the pension benefit obligation, as previously described.
Contributions to PERS are made in accordance with actuarially determined requirements computed through
an actuarial valuation performed as of year end. PERS contributions, which were entirely paid by the City,
consisted of the following for the fiscal years ended June 30, 1996 and 1995:
1996
1995
Percent of
Covered
Payroll
Amount
Percent of
Covered
Payroll
Amount
Covered payroll
$ 1,853,180
$ 1,590,481
Total payroll
$ 2,135,982
$ 1,834,842
Normal cost, including
employee contributions
13.3%
246,622
13.3%
211,661
City contribution
Employee contribution
116,899
129,723
6.3%
7.0%
6.3%
7.0%
100,327
111,334
Total
$ 246,622
$ 211,661
13.3%
13.3%
D, Trend Information
Trend information gives an indication of the Progress made in accumulating sufficient assets to pay benefits
when due. System wide ten-year trend information may be found in the California Public Employees'
Retirement System Annual Reports.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 10 - PENSION PLAN (Continued)
For the fiscal years ended June 30, 1995, 1994 and 1993, net assets available for benefits funded 132%, 137%
and 113% respectively, of the pension plan's total pension benefit obligation and the overfunded pension
benefit obligation represented 30.5%, 32.5% and 10,0% respectively, of covered payroll. In addition, for the
three years ended June 30, 1995, 1994 and 1993, the City's contributions to the System, all made in
accordance with actuarially determined requirements, were 13.3%, 13.3% and 13.3% respectively, of annual
covered payroll. Other trend information required by Governmental Accounting Standard No.5 is presented
in the City's Comprehensive Annual Financial Statement statistical section.
E. Social Security
The Omnibus Budget Reconciliation Act of 1990 (OBRA) mandates that public sector employees who are not
members of their employer's existing retirement system as of January 1, 1992 be covered by either Social
Security or an alternative plan.
The City's part-time, seasonal and temporary employees are covered under Social Security, which requires
these employees and the City to each contribute 6.2% of the employees pay. Total contributions for these
employees to Social Security, excluding Medicare, during the year ended June 30, 1996 amounted to
$29,207, of which the City paid one-half.
NOTE 11 - COMMITMENT AND CONTINGENT LIABILITIES
The City of Dublin, the City of Pleasant on and the Alameda County Surplus Property Authority reached an
agreement under which the City of Pleasanton constructed a further extension of Dublin Boulevard in the City of
Dublin. The City of Dublin has agreed to reimburse the City of Pleasant on the amount of$2,085,022 plus
accrued interest. The monies can only be repaid from proceeds of an assessment district, developer fees or
extractions, or special taxes levied for this purpose on properties benefiting from the improvements. There is no
specific due date,
Animal Shelter
The Cities of Dublin, Pleasanton and Livermore and the County of Alameda reached an agreement under
which Alameda County constructed an animal shelter facility on County property, the estimated fmal cost is
expected to be $3,900,000. The facility was placed into service in the second half of Fiscal year 1995-96.
Under the agreement the entities will share in the debt service costs of the project based on their use of the
animal shelter. Dublin's portion of the project is presently 14.75% based on its 1994 usage, but may fluctuate
based on actual usage. Dublin's share of the first debt service payment made in Fiscal year 1995-96 was
$51,045.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 11 - COMMITMENT AND CONTINGENT LIABILITIES (Continued)
Grant Programs
The City participates in several federal and State grant programs. These programs have been audited by the
City's independent accountants in accordance with the provisions of the federal Single Audit Act of 1984 and
applicable State requirements. No cost disallowances were proposed as a result of these audits; however,
these programs are still subject to further examination by the grantors and the amount, if any, of expenditures
which may be disallowed by the granting agencies cannot be determined at this time. The City expects such
amounts, if any, to be immaterial.
Litigation
The City is subject to litigation arising in the normal course of business. In the opinion of the City Attorney
there is no pending litigation which is likely to have a material adverse effect on the financial position of the
city.
Developer Agreements
Freeway Improvement Agreement
In 1991, the City of Dublin, the City of Pleasant on and the Alameda County Surplus Property Authority
entered into an agreement for the installation of certain off-ramp improvements adjacent to Interstate 580.
The improvements to be installed have been completed. The City of Dublin agreed to provide future credits
towards development impact fees to the Authority for certain costs related to the installation of the
improvements. These costs include the value of right of way needed to install the improvements, the
construction cost of the improvements as agreed to in the agreement, and accrued interest on the two
aforementioned items. The potential credits are payable from future development impact fees to be collected
by the City and amount to $3,579,758, including interest, as of June 30, 1996. The amount due is not
recorded as indebtedness since the payment is contingent upon the collection development impact fees from
development growth which has not yet occurred.
Roadway Agreement
In 1994, the City of Dublin, the City of Pleasant on and the Alameda County Surplus Property Authority
entered into an agreement for the installation of certain roadway improvements in the East Dublin Specific
Plan area. The primary improvement was the construction of an access road which paralleled the Interstate
580 freeway. The improvements to be installed have been completed. The agreement calls for
reimbursement to the City of Pleasanton from future development impact fees and for future credits towards
development impact fees to the Property Authority for certain costs. In addition, the Property Authority
agreed to assume the City of Dublin's obligation to repay the BART short term advance mentioned in Note 6
(see Note 6 under Long Term Obligations).
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CITY OF DUBLIN
Notes to Gi:neral Purpose Financial Statements
NOTE 11 - COMMITMENT AND CONTINGENT LIABILITIES (Continued)
The amount to be reimbursed to the City of Pleasant on as June 30,1996 totals $2,387,090 (including interest).
The future credits towards development impact fees for the Property Authority as of June 30, 1996 amount to
$6,301,575 (including interest). The amount due to the City of Pleasant on and the County Surplus Property
Authority are only payable from the collection of future development impact fees. The amounts due are not
recorded as indebtedness since the payments are contingent upon the collection development impact fees
from development growth which has not yet occurred.
Development Agreement with Kaufman & Broad
In May 1996, the City of Dublin entered into an agreement with the Alameda County Surplus Property
Authority and development company of Kaufman & Broad. The agreement requires the Property Authority
or the development company to install certain public improvements comprised mainly of street widenings
and traffic signal improvements. In exchange for the improvements, the City agreed to provide future credits
towards development impact fees to be collected from the Property Authority or the development company.
The estimated value of the improvements to be installed by the Property Authority or the development
company (which equates to the future fee credits) total $6,027,648. As of June 30, 1996, the improvements
had not been installed. The amounts due to the County Surplus Property Authority or the development
company are only payable from the collection of future development impact fees. The amounts due are not
recorded as indebtedness since the payments are contingent upon the collection development impact fees
from development growth which has not yet occurred and from improvements not yet completed.
Alameda County Surplus Property Authority Development Agreement
In January 1995, the City of Dublin entered into an agreement with the Alameda County Surplus Property
Authority and development company of Homart Development. The development company portion of the
agreement was subsequently assumed by Diversified Developers Realty Inc. in April 1996. The agreement
requires the Property Authority or the development company to install certain public improvements
comprised mainly of street widenings and traffic signal improvements. In exchange for the improvements,
the City agreed to provide future credits towards development impact fees to be collected from the Property
Authority or the development company.
The estimated value of the improvements to be installed by the Property Authority or the development
company (which equates to the future fee credits) total $2,326,807. As of June 30, 1996, the improvements
had not been installed. The amounts due to the County Surplus Property Authority or the development
company are only payable from the collection of future development impact fees. The amounts due are not
recorded as indebtedness since the payments are contingent upon the collection development impact fees
from development growth which has not yet occurred and from improvements not yet completed.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 12 - PRIOR PERIOD ADJUSTMENT
Implementation ofGASB 22
During the year ended June 30, 1996 the City implemented Governmental Accounting Standards Board
Statement Number 22. "Accounting for Taxpayer-Assessed Tax Revenues in Governmental Funds". As a
result of the implementation revenues of $236,677 in the general fund were considered as revenue from the
prior fiscal year and were recorded to fund balance.
Premium Amortization
Also, the City has posted an adjustment for investments held by the City's fiscal agent. These investments
were carried at cost by the fiscal agent and the premium had not been amortized. This adjustment accounts
for the premium.
NOTE 13-SUBSEQUENTEVENTS
As of the election on November 5, 1996, Proposition 218 was enacted. This may have an effect on the City's
ability to collect certain revenues supporting City services primarily in the 1997-98 fiscal year. The City
anticipates this will impact the Citywide Street Lighting Assessments Stagecoach Road Landscaping
Assessments, Dougherty Road (Villages) Landscaping Assessments and the Stormwater (NPDES) Program Fees.
The assessments cover costs associated with the on-going maintenance of important public improvements. The
exact fmancial impact has not been determined.
As documented in Note No.8, the Cities of Dublin and San Ramon established the Dougherty Regional Fire
Authority (DRF A). The Cities are now in the process of disbanding DRF A.
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CITY OF DUBLIN
GENERAL FUND
The General Fund is used to account for all financial resources except those required to be accounted for in
another fund.
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I CITY OF DUBLIN
GENERAL FUND
COMPARATIVE BALANCE SHEETS
I JUNE 3D, 1996 AND 1995
I
ASSET
I Cash and investmaJts
Rcccrivable:
Accouuts
I AcQued imc:rest
Due from other govllDllntlDla
Due from other funds
Prepaids
I Total Assets
llABIlII1ES
I Accounts payable
A=1ed wages
Accumulated unpaid gencral1llllve
I Deposits payable
Liability insuranl:ll claiou payable
DeflllIlld revenues
Due to other governments
I Total Liabilities
FUND EQUITY
1996 1995
S 21,718,666 $ 19,663,863
762,495 599,719
398,353 345,940
4,505 91,387
427.602 627,755
5,610 4.715
S 23.317.231 $21,333,379
1.420.174 1,203,957
59,578 55,157
156,765 142,980
136,782 154,326
137,210 137,210
173,713 173,713
7,162 235
2.091.384 1.867.578
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Reserved for:
InvllStmmls held to maturity
Prepaids
Condemnation deposits
Unreserved
Designated for:
Cemetery endowment
Economic uncc:rta.inty
Authorized elqll:l1ditutes
13,580,822
5.610
14,299,648
4.715
I
60.000 60,000
1,369,133 1,369,133
6.210.282 3.732,305
21,225.847 19,465.801
S 23.317.231 S2l.333.379
Total Fund Equity
I Total Liabilities and Fund Equity
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CITY OF DUBLIN I
GENERAL FUND
COMBINING STATEMENT OF REVENUES, EXPENDITURES I
AND CHANGES IN FUND BALANCES ~ BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
WITH COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED JUNE 30,1995 I
1996 1995 I
Variance
Favorable
Budget Actual (Unfavorable) Actual
REVENUES I
Property taxes $ 3,968,100 $ 3,867,614 $ (100,486) $ 3,944,284
Taxes other than property 7,205,500 7,626,025 420,525 7,122,094 I
Licenses and permits 565,650 466,199 (99,451 ) 337,551
Intergovernmental 1,031,450 1,102,495 71,045 1,044,002
Charges for selVices 1,322,561 1,372,960 50,399 1,053,715
Interest 1,043,000 1,\96,8\9 153,8\9 1,068,231 I
Use of property 81,850 72,066 (9,784) 72,483
Fines and forfeitures 35,000 38,793 3,793 35,668
Other revenue 135,875 110,805 (25,070) 163,463 I
Total Revenues 15,388,986 15,853,776 464,790 14,841,491
EXPENDITURES I
Current:
General government 3,285,851 2,996,500 289,351 3,042,588
Public safety 6,936,167 6,714,808 . 221,359 6,043,221 I
Highways and streets 717,502 69\,336 26,\66 539,937
Health and welfare 17,412
Community development 1,879,085 1,778,244 100,841 1,250,082
Culture and leisure 1,972,149 1,847,110 125,039 \,765,990 I
Capital outlay 437,538 322,243 115,295 \79,721
Total Expenditures 15,228,292 14,350,24\ 878,051 12,838,951 I
REVENUES OVER (UNDER) EXPENDITURES 160,694 1,503,535 1,342,841 2,002,540
OTHER FINANCING SOURCES (USES) I
Operating transfers in 38,508 38,508 46,410
Operating transfers out (18,674) (18,674) (294,855)
Total Other Financing Sources (Uses) 19,834 19,834 (248,445) I
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND I
OTHER FINANCING USES $ 160,694 1,523,369 $ 1,362,675 \,754,095
Fund Balance, Beginning of Year 19,465,801 17,711,706
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Prior Period Adjustment 236,677
Fund Balance, End of Year $ 2\,225,847 $ \9,465,801 I
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-42- I
I CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACIlJAL
I DEPARTMENTAL EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
1996
I VlIIimce
FlM>Dbh:
~ ActDa1 (Unfavonblc)
G-=ra1 guv=IIlDCIIl
I City CoImci1 $ 138,945 $ 127,390 $ 11,555
City Mmogcr 211,336 275,833 5,503
City Altomey 161,933 161.933
~.n.ve sc:rW:cI 541,130 495,173 51,9S7
I B1JiktiIl& ..."".......t 339,lr14 334.375 5.499
lDIunncc c.- cctIU:r 119,1100 101,711 18,0119
ElectimlI c.- cctIU:r 660 563 97
Noadeparlmmlal 91,693 91,693
<:Me Ccnlcr Debt Sc:Mce 1.604,4110 1,499,522 104,9511
I Tow Gcncol. G<MmmmItal 3,285,1151 2,996.500 219,351
PubJic safety
I Policc 3,599,7111 3,540,31111 59,393
eros.ing l:IIatlls 47,749 43,293 4,456
ADim.al <;0=1 1112, 440 126,363 56,rm
DiIaslcr~ 43,460 27,045 16,415
I FU1: Services JP A 3,062. 737 2.9'n.719 115,0111
Tow Public Safely 6,936.167 6,714.11011 221,359
Highways and SlfCe~
I Public works a~ 312,060 304,1130 7,230
S1Icct maintmance 159.460 140,950 111,510
SlfCCl tree maintenance 411,615 411,193 422
SlfCCllancbcapc maintcnmcc 197.367 197,363 4
I Tow Highways and Streels 717,502 691.336 26,166
CII1mre and lcisufc
I library services 194,11111 194,11111
Cultural actMtics 20,000 17,500 2,500
Hcritag= Cc:nlCr 42,561 41,1160 701
Cemct=y opcr.u:iona 22, 1 00 16,075 6,02S
Park mailuc:nance 600,031 554,537 45.500
I Community wle tcl<MsiDn 33,1136 23,736 10,100
PlIlXs and communily services 1,059.427 999,214 60,213
Tow Culmrr: and ~ 1,972.149 1,1147.110 125.039
I Communi1y development
PlaMillg 1197,848 8311,446 59,402
B1Iildin& safety 304,219 263,m 40,441
EDginccring 569,323 569,323
I Economic dc:Yclopmc:nt 107,695 106.103 992
Tollll Community D~lopll1cnt 1.lr19.085 1,778,244 100.1141
I Capital Outlay
General improvt:rnonls 94,741 73,454 21,287
Community improvements 89,340 114,1190 4,450
PlIlXs 129,600 59,293 70,307
I SlfCCl ~lion and imprcM:mcDlI 123.857 104.606 19,251
Tow Capital Oulby 437,5311 322,243 115,295
Tollll E;qlenrlit=:l $ 15.2211.292 $ 14,350,241 $ lr18,051
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CITY OF DUBLIN
SPECIAL REVENUE FUNDS
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.
Special Criminal Activity Fund - Established to account for receipt of funds derived from asset forfeitures,
Intermodal Surface Transportation Efficiency Act Fund - Established to account for receipt of Federal Aid
Urban Highway grants.
Community Development Block Grant Fund - Used to account for grants and expenditures related to the
community development block grants.
Park Dedication Fund - Established to account for park dedication fees received in lieu of property from
developers pursuant to the Quimby Act.
Sales Tax Measure B Fund - Established to account for an Alameda County voter approved increase in sales tax
used for improvements on streets and roads.
Measure AA Fund - Established to account for park projects funded with Measure AA grants.
Maintenance Assessment Districts - Established to account for revenue and related expenditures of lighting and
landscape activities.
San Ramon Road Specific Improvement Plan - To account for maintenance of improvements to San Ramon
Road and Amador Valley Boulevard.
SB300 Grant Fnnd - Established to account for grant receipts from the State used for capital improvements on
local streets.
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.
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).
Measure D Recycling Fnnd - Established to account for the use of funds received which are levied by the
County pursuant to a charter amendment and are provided for recycling and related activities.
Garbage Service Fund - Established to account for the use of funds received which are levied by the county for
garbage pick-up and removal and recycling services.
FEMA Fund - Established to account for expenditures funded with FEMA grants.
-45-
CITY OF DUBLIN I
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET I
JUNE 30. 1996
wrm COMPARATIVE AMOUNTS FOR. JUNE 30. 199'
I
Speeia1 (' .t1n'Ir'I'tm'Ii Tnt..........ul
CriIniDa1 V lliIicIa Traffic Ststo DavclClpl!lal1 SudBce PG.
kIiWy A'-- Safety GlII Tu: Block Grant T~Aet FEMA DedicldiaD I
ASSET
Calhmd.ilh~ S 7.8.53 $31,.830 $ 822.115 $ 408.336
b:aivab1e: I
~ S 37,760
Dueliun~~ $ 2.297 $ 536.757 $ 6.571
o-t--tiOll depam 6.284 I
Total ASMts $ 7.853 $3&,830 $U97 $ 822.115 S 37.760 S 543.041 $ 6.571 $ 408.336
IlABIIlTIES I
A.c::counta payabiD 7,089 2.378 40,175 180,019 6.925
Duo to otbI:r funds 2.2'T1 37.760 363,022 6,371
Total Liabilities 7,089 2.378 2.2'T1 40.175 37,760 543,041 6.571 6.925 I
FUND EQUITY'
Fund balances I
R.c:served r.nrvl_ioa. deposits 6.284
Unreserved
Desigoaled far authorized ~ 764 36.452 781,.940 401.411 I
Undc:signmd (6.284)
Total Fund Equity 764 36.452 781,.940 401.411
Total Uabilities and Fund Equity $ 7.853 $38.830 S 2.2'T1 $ 822.11 5 S 37,760 S 543.041 S 6.511 $ 408.336 I
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-46- I
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Measure
AA
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$
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Sales Ta:a::
MeasIlnl
B
$ 33,308
SB 300
Grant
S 2','18
McasunI D
R.ccycling
Gubage
Savice
Stonn
WlItc:r'
Runoff
San Ramon
Road Specific
Plan
MAINTENANCE DISTRIcr8
I>ou.gIwty
Street Stagecoach Landscape
Ii!dJting Landscapo & Ii~
TOTALS
1996 199'
7,1"
1,064
1.656
229
20.855
S 89,270 S 37,130 $ 67,035 S 10,467 S 69,260 $45,270 $131,751 $1,760,62' S 1,516,790
21
9.712
133,689
94,237
'4'.62'
139.973
114,436
273,905
197.709
$33.308 $ 2'.'18 $ 89,270 $ 44.285 $ 68,099 $ 10,467 $204,60' $45.499 $1'2,606 $2.540.460 S 2,102.840
12,'25
12,525
7,566
17.952
25.518
21
9,712
133,689 139.973 197,709
20.783 89.270 44,264 58.387 10,210 64,690 35,243 143,031 1,686,445 1.247,737
(6.284) (5,543)
20,783 89,270 44.264 58.387 10,210 198.379 35.243 143,031 1.820.134 1.439,903
$ $ 33.308 S 25.518 $ 89.270 $ 44.285 $ 68.099 $ 10,467 $204,605 $ 45.499 $152.606 $2.540.460 S 2,102.840
-47-
257
6.226
10,256
9,575
257
6.226
10.256
9.575
29'2.,724
427.602
126,790
536.147
720.326
662.937
CITY OF DUBLIN I
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES I
AND CFl>\...l\"GES IN FUND BALANCE
FOR THE FISCAL YEAR ENDED .TUNE 30, 1996
WlTIJ COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED JUNE 30, 1995
Special Communily Intennodal I
Criminal Vehicle Traffic State Developmcnt Sunace Park Measure
Activity Abatement Safety Gas Tax Block Grant Transportation Act FEMA Dedication AA I
REVENUES
Taxes other than property
Intergovernmental $ 15,833 $ 486,375 $ 77,714 $ 1,807,978 S 22.483 S 8,998
Charges for services I
Interest S 360 38,169 $ 15,346
Fines and fOlfeitures $ 24.330
Other revenue 6.202 562,551
Special assessments I
Total Revenues 6,562 15,833 24.330 524,544 77,714 1,807,978 22,483 577,897 8.998
EXPENDITURES
Current; I
General government;
Building Management 245
Public safely
Police 5.899 I
Traffic signals and street lights 18,787 66,631
Highways and streets
Public works administration
Streettreenucin~nance I
Street sweeping
Street landscaping maintenance
Street nucintenance 157.400
Health and welfare: . Waste management
CommuniI)' development - Engineering 6,000 I
Capital outlay
Data processing upgrade
Police Evidence Records Automation 7.089
San Ramon Road Beautification @A VB I
Sidewalk Safely RepairlHandicap Ramp 33.594
Kaleidoscope Center Improvements 30,000
Heritage Center Renovation 7.520 8,998
Shannon Center Floor Coverings Replacement 25.083 I
Dublin Sports Grounds Renovation 183,083
Dublin Swim Center Deck Repair 3,055
Street Light Acquisition
Traffic Signal Coordination Project
Annual Street Overlay I
Dougherty Rd SP to A VB 858 199
Dougherty Road/Sierra Signal
Dublin Blvd, Widening
Bencluruuks & Monuments I
Dublin Blvd, Clark to Sierra Ct, 775
Dublin Blvd, Imp Donlon to Villagc Pkw 1,807,779
Total Expenditures 7,089 5,899 18,787 231.664 71.114 1,807,978 245 211,221 8,998
REVENUES OVER (UNDER) E}"'PENDITURE (527) 9,934 5,543 292,880 6,600 22,238 366,676 I
OTIffiR FINANCING SOURCES (USES)
Contribution from Assessment District I
Operating transfers in 19,861
Operating transfers out (6,600) (22. 23 8)
T ota! Other Financing Sources (Uses) 19,861 (6,600) (22,238) I
REVENUES AND OTIffiR FINANCING
SOURCES OVER EXPENDITURES AND
OTIffiR FIKANCING USES (527) 9,934 5,543 312,741 366.676
Fund Balance, Beginning of Year 1,291 26,518 (5,543) 469,199 34,735 I
Fund Balance, End of Year S 764 $ 36,452 $ $ 781,940 $ $ $ $ 401,411 $
-48- I
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I MAINTENANCE DISTRICTS
Sales Tax Storm San Ramon Dougherty TOTALS
Measure SB 300 Measure D Garbage Water Road Specific Strect Stageeoach Landscape
I B Grant RecYcling Scrvice Runoff Plan Lightinp; Landscape & Lighting 1996 1995
S 141,117 S 141,117 S 120,823
S 25,518 S 126,725 2,571,624 1,331,375
I S 657,567 S 163,311 820,878 744,628
3.996 12,040 18,073 1,964 S 1,350 S 7,646 S 1,913 S 6,905 107,762 70,171
24,330 24,557
568,753 290,538
I 188,907 54,262 74,948 318,117 363,469
145,113 25,518 138.765 675,640 165,275 1.350 1%,553 56, 17 5 81,853 4,552,581 2,945,561
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245
I 5,899 9,359
4,681 175,931 266,030 272,639
2 3,577 209 162 3,950 3,507
I 1,885 6,982 8,867 5,351
69,953 69.953 70,519
47.795 57,783 105,578 110,651
5,925 163,325 214,599
240,477 943,456 1,183,933 679,405
I 45,425 1,906 531 648 54.510 104,714
17,266
7,089
I 27,506 27,506
33,594 13,393
30,000 10,000
16,518 158,300
I 25,083
183.083 2,280
3,055
7,651 7,651 4,369
16,334
I 132,375 25,518 157,893 88,894
1,057
304,908
267.937
I 20,260
775
1.807,779
132,375 25,518 240.477 943.456 121.305 32,187 189,065 50,420 65,575 4,163,373 2,374,685
I 12,738 (101,712) (267,816) 43.970 (30,837) 7.488 5,755 16,278 389,208 570,876
I 45,684
19,861
(28.838) (46,410)
I (8,977) (726)
12,738 (101,712) (267,816) 43,970 (30,837) 7,488 5.755 16,278 380,231 570,150
I 8,045 190,982 312,080 14,417 41,047 190,891 29,488 126.753 1.439,903 869,753
S 20,783 S S 89,270 $ 44,264 $ 58,387 S 10,210 S 198,379 S 35,243 S 143,031 S 1,820,134 S 1,439,903
I -49-
CITY OF DUBLIN I
BUDGETED SPECIAL RE,'ENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES I
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
Special I
Criminal Vehicle
Activity Abatement
Variance Variance I
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUES I
Taxes other than property
Intergovernmental $ 19,000 $ 15,833 $ (3,167)
Charges for services
Interest $ 360 $ 360 1.790 (1,790) I
Fines and forfeitures
Other revenue $ 6,200 6,202 2
Special assessments
Total Revenues 6,200 6.562 362 20,790 15.833 (4,957) I
EXPENDITIJRES
Current:
General government: I
Building Management
Public safety
Police 6.000 5.899 101
Traffic signals and street lights I
Highways and streets
Public works administration
Street tree maintenance
Street sweeping I
Street landscaping maintenance
Street maintenance
Health and welfare - Waste management
Community development. Engineering I
Capital outlay
Police Evidence Records Automation 7.493 7,089 404
San Ramon Road Beautification @A VB
Sidewalk Safety Repair!Handicap Ramp I
Kaleidoscope Center Improvements
Heritage Center Renovation
Shannon Center Floor Coverings Replacement
Dublin Spons Grounds Renovation I
Dublin Swim Center Deck Repair
Street Light Acquisition
Traffic Signal Coordination Project
Annual Street Overlay I
Dougherty Rd SP to A VB
Dublin Blvd. Clark to Sierra Ct.
Dublin Blvd. Imp Donlon to Village Pkw
Total Expenditures 7,493 7,089 404 6.000 5,899 101 I
REVENUES OVER (UNDER) EXPENDITURES (1,293) (527) 766 14.790 9,934 (4.856)
OTIffiR FINANCING SOURCES (USES) I
Operating transfers in
Operating transfers out
Total Other Financing Sources (Uses) I
REVENUES AND 011IER FINANCING
SOURCES OVER EXPENDITIJRES AND
OTHER FINANCING USES $ (1,293) (527) $ 766 $ 14,790 9.934 $ (4,856) I
Fund Balance, BegiIllling of Year 1.291 26,518
Fund Balance, End of Year $ 764 $ 36.452 I
-50-
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I Community
Traffic State Development
Safety Gas Tax Block Grant
I Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
I $ 481,000 $ 486,375 $ 5,375 $ 77,713 $ 77,714 $
I 30,700 38.169 7.469
$ 26.000 $ 24,330 S (1.670)
I 26,000 24,330 (1.670) 511,700 524,544 12,844 77,713 77,714
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I 24,720 18,787 5,933 77,557 66,631 10,926
I 161,130 157,400 3.730
I 6.000 6,000
I 33,594 33.594
30.000 30,000
7.520 7,520
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I 62,700 858 61.842
8,000 775 7.225
I 24,720 18,787 5,933 315,387 231,664 83,723 71,114 71.114
1,280 5,543 4,263 196,313 292,880 96,567 6,599 6,600
I 19,861 19.861
(6,600) ( 6.600)
I 19,861 19.861 (6,600) (6,600)
I $ 1,280 5.543 S 4.263 $ 196.313 312,741 $ 116,428 $ 6.599 $ (6,599)
(5,543) 469,199
I $ $ 781.940 $
-51- (Continued)
CITY OF DUBLIN I
BUDGETED SPECIAL REVENUE FUNDS
COMBINING ST A TEMEJ\T OF REVENUES, EXPENDITURES I
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
Intermodal Transportation I
Surface Development
Transportation Act Act FEMA
Variance Variance Variance I
Favorable Favol1lble Favol1lble
Budget Actual (Unfavorable) Budget Actual (UnfavOl1lble) Budget Actual (Unfavorable)
REVENUES I
Taxes other than property
Intergovernmental $ 2,492,000 $ 1,807.978 $ (684,022) $ 75,000 $ (75.000) $ 22,483 $ 22,483
Charges for services
Interest I
Fines and forfeitures
Other revenue
Special assessments
Total Revenues 2,492,000 1,807.978 (684,022) 75,000 (75,000) 22.483 22,483 I
EXPENDITURES
Current:
General government: I
Building Management 245 245
Public safety
Police
Traffic signals and street lights I
Highways and streets
Public works administration
Street tree maintenance
Street sweeping I
Street landscaping maintenance
Street maintenance
Health and welfare - Waste management
Community development. Engineering I
Capital outlay
Police Evidence Records Automation
San Ramon Road Beautification @A VB
Sidewalk Safety RepairlHandicap Ramp I
Kaleidoscope Center Improvements
Heritage Center Renovation
Shannon Center Floor Coverings Replacement
Dublin Sports Grounds Renovation I
Dublin Swim Center Deck Repair
Street Light Acquisition
Traffic Signal Coordination Project 56,000 56,000
Annual Street Overlay I
Dougherty Rd SP to A VB 294,000 199 293.801
Dublin Blvd. Clark to SielT1l Ct. 60,000 60.000
Dublin Blvd. Imp Donlon to Village Pkw 1,969,892 1.807,779 162.113
Total Expenditures 2,379,892 1.807,978 571.914 245 245 I
REVENUES OVER (UNDER) EXPENDITURES 112.108 (112.108) 75.000 (75.000) (245) 22,238 22,483
OTHER FINANCING SOURCES (USES) I
Operating transfers in
Operating transfers out (22,238) (22.238)
Total Other Financing Sources (Uses) (22.238) (22,238) I
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES $ 112,108 $ (112,108) $ 75,000 $ (75.000) $ (245) $ 245 I
Fund Balance, Beginning of Year
Fund Balance, End of Year $ $ $ I
-52-
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I Sales Tax
Park Measure Measure
Dedieation AA B
I Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
I $ 126.000 $ 141,117 $ 15.117
$ 8.998 $ 8,998
I $ 14.120 $ 15,346 $ 1.226 230 3,996 3,766
615,000 562,551 (52,449)
I 629.120 577,897 (51,223) 8,998 8,998 126,230 145.113 18,883
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I 8,998 8,998
26,030 25,083 947
I 191,386 183.083 8,303
20,000 3,055 16.945
I 136,000 132,375 3.625
I 237,416 211,221 26.195 8.998 8,998 136,000 132,375 3,625
391,704 366,676 (25,028) (9.770) 12.738 22,508
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I $ 391.704 366.676 $ (25,028) $ $ $ (9,770) 12,738 $ 22,508
34.735 8.045
I $ 401,411 $ $ 20.783
-53- (Continued)
CITY OF DUBLIN I
BUDGETED SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES I
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
SB 300 Measure D I
Grant Recycling
Variance Variance I
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUES I
Taxes other than property
Intergovernmental $ 40,000 S 25,518 S (14,482) S 102,000 $ 126.725 S 24,725
Charges for services
Interest 5,820 12,040 6,220 I
Fines and forfeitures
Other revenue
Special assessments
Total Revenues 40,000 25,518 (14.482) 107.820 138.765 30,945 I
EXPENDITURES
General government; I
Building Management
Public safety
Police
Traffic signals and street lights I
Highways and streets
Public works administration
Street tree maintenance
Street sweeping I
Street landscaping maintenance
Street maintenance
Health and welfare - Waste management 276.795 240,477 36,318
Community development - Engineering I
Capital outlay
Police Evidence Records Automation
San Ramon Road Beautification @A VB
Sidewalk Safety Repair/Handicap Ramp I
Kaleidoscope Center Improvements
Heritage Center Renovation
Shannon Center Floor Coverings Replacement
Dublin Sports Grounds Renovation I
Dublin Swim Center Deck Repair
Street Light Acquisition
Traffic Signal Coordination Project
Annual Street Overlay 40.000 25,518 14.4&2 I
Dougherty Rd SP to A VB
Dublin Blvd. Clark to Sierra Cl.
Dublin Blvd. Imp Donlon to Village Pkw
Total Expenditures 40,000 25.518 14,482 276.795 240,477 36,318 I
REVENUES OVER (UNDER) EXPENDITURES (168.975) (101,712) 67,263
OTHER FINANCING SOURCES (USES) I
Operating transfers in
Operating transfers out
Total Other Financing Sources (Uses) I
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES $ S $ (168.975) (101.712) $ 67,263 I
Fund Balance. Beginning of Year 190,982
Fund Balance. End of Year $ $ 89,270 I
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Garbage Water Road Specific
Service Runoff Plan
I Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
I
$ 648.970 $ 657,567 $ 8,597 $ 170,100 $ 163,311 $ (6,789)
I 9,075 18,073 8.998 1.964 1,964 $ 2,460 $ 1,350 $ (1.110)
4,500 (4,500)
I 658,045 675.640 17,595 174,600 165,275 (9,325) 2,460 1,350 (1,110)
I
I 4,772 4,681 91
298 2 296
I 73.655 69.953 3,702
5,925 5,925
946,550 943,456 3,094
I 101,992 45,425 56.567
27,700 27.506 194
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I 946.550 943,456 3,094 181,870 121,305 60,565 32,472 32.187 285
(288,505) (267,816) 20.689 (7,270) 43,970 51,240 (30,012) (30.837) (825)
I 4,500 (4.500)
I 4.500 (4.500)
I $ (288,505) (267.816) $ 20.689 $ (2.770) 43,970 $ 46,740 $ (30,012) (30.837) $ (825)
312.080 14,417 41,047
I $ 44,264 $ 58.387 $ 10,210
-55- (Continued)
CITY OF DUBLIN I
BUDGETED SPECIAL REVENUE FUNDS
COMBINI:"\G STATEMENT OF REVENUES, EXPENDITURES I
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
Street Stagecoach I
Lighting Landscape
Variance Variance I
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUES I
Taxes other than property
Intergovernmental
Charges for services
Interest $ 6,720 $ 7,646 $ 926 $ 1,230 $ 1.913 $ 683 I
Fines and forfeitures
Other revenue 4,000 (4,000)
Special assessments 189,755 188.907 (848) 53,600 54,262 662
Total Revenues 200,475 196,553 (3,922) 54,830 56,175 1,345 I
EXPENDITURES
General government: I
Building Management
Public safety
Police
Traffic signals and street lights 191,602 175,931 15.671 I
Highways and streets
Public works administration 3,577 3,577 860 209 651
Street tree maintenance 2.125 1,885 240
Street sweeping I
Street landscaping maintenance 50,440 47,795 2.645
Street maintenance
Health and welfare - Waste management
Community development - Engineering 2.100 1,906 194 640 531 109 I
Capital outlay
Police Evidence Records Automation
San Ramon Road Beautification @A VB
Sidewalk Safety RepairlHandicap Ramp I
Kaleidoscope Center Improvements
Heritage Center Renovation
Shannon Center Floor Coverings Replacement
Dublin Sports Grounds Renovation I
Dublin Swim Center Deck Repair
Street Light Acquisition 431.000 7.651 423,349
Traffic Signal Coordination Project
Annual Street Overlay I
Dougherty Rd SP to A VB
Dublin Blvd. Clark to Sierra Ct.
Dublin Blvd. Imp Donlon to Villalle Pkw
Total Expenditures 628,279 189.065 439.214 54.065 50,420 3,645 I
REVENUES OVER (UNDER) EXPENDITURES ( 427,804) 7,488 435,292 765 5,755 4,990
OTIIER FINANCING SOURCES (USES) I
Operating UlIIlSfers in
Operating transfers out
Total Other Financing Sources (Uses) I
REVENUES AND OrnER FINANCING
SOURCES OVER EXPENDITURES AND
OrnER FINANCING USES $ (427,804) 7.488 $ 435.292 $ 765 5.755 $ 4.990 I
Fund Balance. Beginning of Year 190,891 29,488
Fund Balance, End of Year $ 198,379 $ 35.243 I
-56-
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I Dougherty
Landscape
& Lighting Total
I Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
I $ 126,000 $ 141,117 $ 15.117
3.295,711 2,571.624 (724,087)
819.070 820.878 1.808
I $ 6.720 $ 6,905 $ 185 78,865 107,762 28.897
26.000 24,330 (1,670)
629.700 568.753 (60,947)
52,750 74.948 22,198 296,105 318.117 22,012
I 59,470 81,853 22,383 5.271,451 4,552,581 (718,870)
I 245 245
6,000 5.899 101
I 298,651 266,030 32,621
617 162 455 5,352 3.950 1,402
6,982 6,982 9,107 8,867 240
I 73,655 69.953 3,702
62,570 57.783 4,787 113,010 105.578 7.432
167,055 163,325 3.730
1.223,345 1,183,933 39.412
I 830 648 182 111,562 54,510 57.052
7,493 7,089 404
27,700 27,506 194
I 33.594 33,594
30,000 30.000
16.518 16,518
26.030 25,083 947
I 191,386 183.083 8.303
20,000 3,055 16.945
431.000 7.651 423.349
56,000 56.000
176,000 157,893 18.107
I 356,700 1.057 355.643
68,000 775 67.225
1,969,892 1,807,779 162,113
I 70,999 65,575 5,424 5,418.295 4.163,373 1,254.922
(11,529) 16,278 27,807 (146,844 ) 389,208 536,052
I 4,500 19,861 15,361
(28,838) (28.838)
I 4,500 (8,977) (13,477)
I $ (11.529) 16.278 $ 27,807 $ (142,344) 380.23 J $ 522,575
126,753 1,439,903
I $ 143,031 $ 1,820.134
-57-
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CITY OF DUBLIN
eAPIT AL PROJECTS FUNDS
Capital Projects Fund - To account for acquisitions and constructions of capital facilities other than those
financed by proprietary funds.
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CITY OF DUBLIN
CAPTIAL PROJEcr FUND
BALANCE SHEET
JUNE 30, 1996
WITH COMPARATIVE AMOUNTS FOR JUNE 30, 1995
ASSET
Cash ami iDvcstmc:n1S
Restricted cash and investment!
Receivable:
Accounts
Condemnation deposits
T ota! Assets
llABlllTIES
Accounts payable
Deposits payable
Liability insurance claims payable
Deferred revenues
Due to other funds
Total Liabilities
R.JND EQUITY
Reserved for condemnation deposits
Undesignated
Total Fund Equity
T ota! Liabilities and Fund Equity
1996 1995
S 272,067
168,966 S 263,765
817 25,691
S 441,850 S 289.456
231,617 29,195
210,233 168,653
168.966 263,765
91,608
610.816 553.221
817 25,691
(169,783) (289.456)
(168.966) (263,765)
S 441,850 S 289.456
-61-
CITY OF DUBLIN
CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
WITH COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED JUNE 30,1995
REVENUES
Other revenue
EXPENDITURES
Capital outlay:
Dougherty Road improvements
Dublin Blvd improvements/Donlon
road to Village Parkway
Public facility fee study
Downtown traffic impact fee study
Eastern Dublin traffic fee impact study
Eastern Dublin arterial plan lines
Dougherty Rd SP to A vb
Parallel Road s/o Dublin Blvd
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Contribution from Assessment District
OTHER SOURCE 5
Total Other Financing Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
-62-
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CITY OF DUBLIN
BUDGETED CAPITAL PROJECT FUND
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
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REVENUES
Total Revenues
EXPENDITURES
Capital outlay:
Civic center design modification
Public facility impact fee study
Eastern Dublin arterial plan lines
Downtown traffic impact fee
Dougherty Rd SP to A vb
Parallel Road slo Dublin Blvd
Dublin Blvd imp Donlon to Village Pkw
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Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Contribution from Assessment District
OTHER SOURCE 5
Total Other Financing Sources (Uses)
Capital
Projects
Variance
Favorable
Budget Actual (Unfavorable)
$ 686,621 $ 839,611 $ 152,990
25,000 25,000
11,006 8,022 2,984
53,262 53,262
8,885 4,427 4,458
28,500 26 28,474
8,000 6,718 1,282
814,462 642,826 171,636
949,115 715,281 233,834
(262,494) 124,330 (80,844)
686,621 (686,621)
(29,531 ) (29,531 )
686,621 (29,531 ) (716,152)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES $ 424,127
Fund Balance, Beginning of Year
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Fund Balance, End of Year
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94,799 $ (796,996)
(263,765)
$ (168,966)
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CITY OF DUBLIN
AGENCY FUNDS
Agency funds are used to account for assets held by the City in a fiduciary capacity for individuals, governmental
entities and others. These funds carry out the specifications of trust indentures, ordinance or other regulations.
Employee Deferred Compensation Plan - To account for assets of the City's Employee Deferred
Compensation PIan.
Dublin Boulevard Extension Assessment District Fund - To account for the special assessment established to
fund the improvements to Dublin Boulevard.
-65-
I CITY OF DUBLlN
AGENCY FUNDS
I STATEMENT OF CHANGES IN ASSETS AND LIABRlTIES
FOR THE FISCAL YEAR ENDED JUNE 30, 1996
I
Balance Balance
I June 30. 1995 Additions Reductions Juno 30. 1996
Employoo Dof'cmld Compomation Plan
I Deferred compensation mutual funds $ 329,715 $ 179,663 $ 509,378
Deferred compensation payable $ 329.715 $ 179,663 $ 509,378
I Dublin Boulevard Exrension AssessmCDt District
I Cash and Investments S 156.895 S 7,938 S 164,833
Restricted cash and investments 122,904 239,599 S 232,585 129.918
I Aooounts Receivable 909 909
Total Assets S 280.708 S 247.537 S 233,494 S 294.751
I Due to bondholders $ 280,708 S 247.537 S 233,494 S 294.751
I Total Agency Funds
Cash and Investments S 156,895 S 7,938 S S 164,833
Restricted cash and investments 122,904 239.599 232,585 129,918
I Accounts Roccivable 909 909
Deferred compensation mutual funds 329,715 179,663 509,378
I Total Assets S 610,423 S 427.200 S 233.494 S 804.129
Due to bondholders 280,708 247,537 233,494 294,751
Deferred compensation payable 329,715 179,663 509,378
I Total Liabilities S 610,423 S 427,200 S 233.494 $ 804.129
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STATISTICAL SECTION
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CITY OF DUBLIN
GOVERNMENTAL EXPENDITURES BY FUNCTION
ALL GOVERNMENTAL FUND TYPES
LAST TEN FISCAL YEARS
General
Governmental
and Fadlities Public Satety Health and Highways Community Culture and
Fiscal Year Rents (Note 1) Weltare and Streets Development Leisure (Note 1) Capital Outley Total
1986-1987 2,208.131 1.770,331 15.330 730.051 1,062.858 365,193 3,688,733 $9.820.627
1967-1988 2.308,376 2,039,119 8,520 813,482 1,091.901 524.822 2,914,458 $9.700.478
1988-1989 1,286,201 3,986,097 19,801 941,276 1.338.870 1,026,536 3.214,398 $11.811.181
1989-1990 2.047.506 4,872.647 24,580 1,021,841 1,563,504 1.274,881 2,652,663 $13,277,622
1990-1991 3,593,481 5,068,755 26.277 1,041,627 1 ,827,354 1.459,419 3,403,128 $16,420.041
1991-1992 3,339,081 5.654,058 29.526 1,025.285 1 ,541 ,207 1,662,282 5,273,041 $18,544,418
1992-1993 3,068.025 8.014,969 76.729 996,843 1,409,594 1.733.766 2.697,724 $15.997.690
1993-1994 2.922.353 6.001,166 542,698 830.936 1,107,770 1,709.216 1.118,364 $14,232,525
1994-1995 3.042.566 6.325.219 896,817 944.564 1,354,796 1.765.990 1,370,902 $15.500.676
1995-1996 2.996.745 6,966,737 1,183,933 1,043,009 1,632,754 1.647.110 3,336,807 $19.226,695
Source: City at Dublin Annual Financial Report
(Nole 1) Indudes Fire Services and Cullure and Leisure Services Responsibilities Assumed July 1, 1966.
Total Governmental Expenditures
20000000
18000000
16000000
14000000
I!! 12000000
.!!!
0 100000oo
0
! 8000000
600000o
400000o
2000000
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Fiscal Years
-71-
CITY OF DUBLIN
GENERAL GOVERNMENTAL REVENUES BY SOURCE
ALL GOVERNMENTAL FUND TYPES
LAST TEN FISCAL YEARS
Licenses and Inter- Charges for Use of Money Fines and Other Special
Fiscal Year Taxes Permits Governmental Services and Property Forfeitures Revenue Assessments Total
1985-1987 5,637,811 586,320 1.965,454 593,407 883.644 91,755 501,802 157.704 $10,617,897
1987-1986 8.179,005 532,698 1.660.205 466,673 1,074,160 94,584 593,089 248,915 $10,847,307
1988-1989. 9,305,882 292,189 2,587,703 738,314 1,183,847 104,641 88.617 262,197 $14,523,170
1989-1990 9.789.278 315,010 1,667,801 1,090,386 1,405,882 91.221 908.784 287,205 $15,535.585
1990-1991 10,312,208 248,116 2,564,553 1,196.484 1.388,351 62,367 383,423 261.428 $18,458,930
1991-1992 9,805,734 248,459 2,489,765 1,085,251 1,125,154 58,501 1,051,625 275,890 $16.138.379
1992-1993 9.986,544 281,921 2,810,875 1,171,564 951,267 50,780 124.493 292,224 $15.889,888
1993-1994 10,574,807 340,995 1.798.037 1,323,196 1,008,044 68,280 354.505 298.288 $15,764,150
1994-1995 11,187,201 337,551 2,375,377 1,798,343 1,210.885 60,225 588,272 383,489 $17.921,323
1995-1996 11,634,756 466,199 3,874.119 2,193,838 1,378,647 63,123 879,558 1,157,728 $21,245,988
Source: City of Dublin Annual Financial Report
2500000o
20000000
I!! 15000000
.!!!
0
c
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5000000
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Total Governmental Revenues
~ ~
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Fiscal Years
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CITY OF DUBLIN
ASSESSED VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
Utility
Secured State Board Unsecured
Fiscal Year Property Roll Property Total
1986-1987 721,792,937 16,371,040 82,214,150 $820,378,127
1987-1988 802,835,061 18,759,300 85,253,484 $906,847.845
1988-1989 962.867.790 1,812,200 84,339.466 $1,049,019,456
1989-1990 1,086,479,184 1,812,200 94.717.004 $1,183,008,388
1990-1991 1.195,196,327 4.536,700 90,697,434 $1.290,430,461
1991-1992 1.285.655.755 4.536,700 92,379,123 $1.382,571,578
1992-1993 1,344,318.745 4.536,700 92,379,123 $1.441,234,568
1993-1994 1,400.427.455 4,536,700 97,399,163 $1.502,363.318
1994-1995 1.426.206.284 4,497,120 97.359,845 $1.528,063.249
1995-1996 1,434.712,474 4.024,540 94,522,217 $1.533,259.231
Source; Alameda County Office of the Auditor-Controller
(All figures shown are net of exemptions.)
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Total Assessed Value of Taxable Property
I
1600000000
1400000000
1200000000
r! 1000000000
.!!
'0 800000000
Q
! 600000000
400000000
200000000
0
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Fiscal Years
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CITY OF DUBLIN
PROPERTY TAX RATES
ALL DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
Dublin San
Basic County Ramon Alameda Total Rate Per
Wide Levy School Flood Zone Bay Area East Bay Services County $1000
Fiscal Year ($1/$100) Districts State Bonds Rapid Transit Parks Bond District Library Valuation
1986-1987 $1.000 $0.0820 $0.0185 $0.0421 $0.0000 $0.0000 $0.0051 $1.1477
1987-1988 $1.000 $0.0958 $0.0119 $0.0390 $0.0000 $0.0032 $0.0017 $1.1516
1988-1989 $1.000 $0.0862 $0.0183 $0.0372 $0.0000 $0.0019 $0.0019 $1.1455
1989-1990 $1.000 $0.0701 $0.0198 $0.0319 $0.0047 $0.0020 $0.0019 $1.1304
1990-1991 $1.000 $0.1003 $0.0142 $0.0250 $0.0032 $0.0007 $0.0013 $1.1447
1991-1992 $1.000 $0.0935 $0.0133 $0.0251 $0.0028 $0.0010 $0.0058 $1.1415
1992-1993 $1.000 $0.0878 $0.0132 $0.0258 $0.0074 * $0.0061 $1.1403
1993-1994 $1.000 $0.0717 $0.0182 $0.0240 $0.0069 * $0.0060 $1.1268
1994-1995 $1.000 $0.0799 $0.0166 $0.0235 $0.0066 * $0.0057 $1.1323
1995-1996 $1.000 $0.0648 $0.0191 $0.0230 $0.0094 * $0.0057 $1.1220
Source: Alameda County Office of The Auditor-Controller
Rates Shown for Tax Code Area 26-001 which includes approximately 88.5% of total parcels.
*No longer assessed, bonded debt fully repaid.
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CITY OF DUBLIN
COMPUTATION OF LEGAL DEBT MARGIN
June 30,1996
Assessed valuation:
Assessed value
Add back exempt real property
$1,533,259,231
$54,008,724
Total Assessed Value
$1,587,267,955
Legal debt margin:
Debt limitation - 15 percent of total assessed value
$238,090,193
Percent of debt limit authorized and issued
0.00%
Source: City of Dublin Finance Department
Excludes Certificates of Participation and 1915 Act Bonds since
they are not General Obligation Debt of the City of Dublin.
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CITY OF DUBLIN
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
June 3D, 1996
Jurisdiction
B
San Franc sea Bay Area Rapid Transit District
Alameda ounty Flood Control District, Zone #7
Dublin Joint Unified School District
Murray School District
East Bay Regional Park District
City of Dublin 1915 Act Bonds
TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT
DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT:
Alameda County General Fund Obligations
Alameda County Pension Obligations
Alameda County Superintendent of Schools Certificates of Participation
Chabot-Las Positas Com'ty College District Certificates of Participation
Dublin Joint Unified School District Certificates of Participation
Livermore Valley Joint Unified School District Certificates of Participation
City of Dublin Certificates of Participation
TOTAL DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT
COMBINED TOTAL DEBT
(1) Excludes tax and revenue anticipation notes; revenue, end tax allocation bonds.
and non-bonded capital lease obligations.
Source: California Municipal Statistics, Inc. adjusted for City of Dublin for 1993 COP's issue.
-76-
0.841 % $1,067,650
12.416% $21,728
99.618% $19,586,093
99.618% $90.075
1.217% $1,927,059
100.000% $2,208,000
$24.900,605
2.114% $8,948,858
2.114% $6,330.796
2.114% $148.509
4.882% $432,789
99.618% $88,681
0.001 % $41
100.000% $16.265,000
$32,214,674
$57,115,279 (1)
Percentage
Applicable to
City of
Dublin
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Net Debt
Outstanding
Applicable to
City of Dublin
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CITY OF DUBLIN
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Alameda City Rank in Size
City County Population % of California
Fiscal Year Population Population of County Cities
1986-1987 17.650 1.201 ,400 1.47% 231
1987-1988 20,850 1,214.200 1.72% 218
1988-1989 21.950 1.234,900 1.78% 221
1989-1990 23,550 1,252,600 1.88% 220
1990-1991 23,500 1.293,000 1.82% 230
1991-1992 25,162 1,313,300 1.92% 222
1992-1993 25.853 1.337,126 1.93% 224
1993-1994 26,270 1,347.930 1.95% 225
1994-1995 26,581 1.362,893 1.95% 228
1995-1996 26,257 1,356,102 1.94% 226
Source: State of California Department of Finance - Population Research Unit
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City Population
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CITY OF DUBLIN
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
Total
Number of Commercial Residential
Fiscal Penn its Construction Construction
Year Issued Value Value Bank Deposits
1986-1987 1193 11,784,737 44,889,395 $336,751,000
1987-1988 1068 12,777,965 52,580,666 $378,557,000
1988-1989 901 13,654,511 15,911,836 $399,923,000
1989.1990 910 6,367,726 30,536,676 $439,781,000
1990-1991 752 7,604,547 8,074,458 $450,215,000
1991-1992 798 9,759,533 5,005,547 $517,540,000
1992-1993 828 5,477,619 7,732,367 $533,885,000
1993-1994 721 8,162,579 3,490,667 $555,554,000
1994-1995 739 6,718,045 2,368,943 $549,989,000
1995-1996 814 4,927,911 15,638,274 Not Available
Souroe: Findley Reports, Inc. and City of Dublin Building Department Status Reports
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- - . - . Comm.rcla' Construction Valu.
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--+- Re.ldential Construction Valu.
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CITY OF DUBLIN
SCHEDULE OF 1985 CERTIFICATES OF PARTICIPATION COVERAGE
FISCAL YEARS 1985-1988
Debt Service Requirement
Direct Net Revenue
Gross Revenue Operating Available for
Fiscal Year (1 ) Expenses (2) Debt Service Principal Interest (3) Total Coverage
1985-1986 667,811 667,811 667,811 667,811 100.000%
1986-1987 1,815,555 443,194 1,372,361 173,000 1,078,080 1,251,080 109.694%
1987-1988 13,180,797 27,216 13,153,581 11,795,000 (3) 1,066,403 12,861 ,403 102.272%
(1) Gross Revenue includes Facilities Rent, Interest Income and 1985 Certificates of Participation
Proceeds earmarked for Debt Service. The 1987-1988 Total includes $11.615,000
principal amount of 1988 Certificates of Participation Proceeds used to defease
the 1985 Certificates of Participation.
(2) Direct Operating Expenses Excludes Interest and Depreciation.
(3) Includes $11,615,000 Principal Amount of 1985 Certificates of Participation
defeased in 1988. and no longer the City's Debt.
Source: City of Dublin Annual Financial Report
-79-
CITY OF DUBLIN
SCHEDULE OF 1988 CERTIFICATES OF PARTICIPATION COVERAGE
FISCAL YEARS 1989-1993
Debt Service Requirement
Direct Net Revenue
Gross Revenue Operating Available for
Fiscal Year (1 ) Expenses (2) Debt Service Principal Interest (3) Total Coverage
1988-1989 1,547,681 33,328 1,514,353 0 1,178,501 1,178,501 128.50%
1989-1990 1 ,452,254 30,945 1,421,309 0 1 ,282,483 1,282,483 110.82%
1990-1991 1,740,720 42,264 1 ,698,456 420,000 1,254,131 1,674,131 101.45%
1991-1992 1,735,357 45,609 1,689,748 445,000 1,240,333 1,685,333 100.26%
1992-1993 17,954,702 15,921,320 2,033,382 470,000 1,230,804 1,700,804 119.55%
(1) Gross Revenue includes Facilities Rent, Interest Income and 1988 Certificates of Participation
Proceeds earmarked for Debt Service. The 1992-1993 Total includes $16,123,345
principal amount of 1993 Certificates of Participation Proceeds used to defease
the 1988 Certificates of Participation.
(2) Direct Operating Expenses Excludes Interest and Depreciation. Includes $15,895,000
Principal Amount of 1988 Certificates of Participation defeased in 1993, which is no longer
the City's Debt.
(3) Excludes Amortization of Bond Discount.
Source: City of Dublin Annual Financial Report
-80-
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CITY OF DUBLIN
SCHEDULE OF 1993 CERTIFICATES OF PARTICIPATION COVERAGE
FISCAL YEARS ENDED 1994-1996
Debt Service Requirement
Direct Net Revenue
Gross Revenue Operating Available for
Fiscal Year (1) Expenses (2) Debt Service Principal Interest (3) Total Coverage
1993.1994 1,564,715 12,874 1,551,841 910,000 622,816 1,532,816 101.24%
1994.1995 1,565,843 18,821 1,547,022 645,000 908,744 1,553,744 99.57%
1995-1996 1,594,060 18,518 1,575,542 705,000 875,358 1,580,358 99.70%
(1) Gross Revenue Includes Facilities Rent and Interest Income.
(2) Direct Operating Expenses Excludes Interest and Depreciation.
(3) Excludes Amortization of Bond Discount.
I Source: City of Dublin Annual Financial Report
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-81-
CITY OF DUBLIN
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
FUNDING ANALYSIS
FISCAL YEARS 1986-1995
Percent of
Overfunded
Pension Benefit
Overfunded Obligation to
Net Assets Pension Pension Annual Annual
Fiscal Available for Benefit Percent Benefit Covered Covered
Year Benefits Obligation Funded Obligation Payroll Payroll
1986-1987 224,510 193,490 116.03% 31,020 641,910 4.83%
1987-1988 331,670 321,820 103.06% 9,850 818,530 1.20%
1988-1989 485,870 433,477 112.09% 32,393 1,034,010 5.07%
1989-1990 673,728 582,374 115.69% 91,354 1,241,152 7.36%
1990-1991 871,272 718,724 121.22% 152,548 1,507,749 10.12%
1991-1992 1,132,606 1,016,722 111.40% 115,884 1,529,925 7.57%
1992-1993 1,413,587 1,253,650 112.76% 159,937 1,487,441 10.75%
1993-1994 1,942,820 1,423,400 136.50% 519,420 1,590,481 32.50%
1994-1995 2,333,930 1.771,930 131.70% 562,010 1,853,180 30.50%
The above information was not available for years prior to 1986.
Source: California Public Employees Retirement System. (PERS)
-82-
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CITY OF DUBLIN
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
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Percent ofTotal
Property Tax Total Property Tax Collected to
Fiscal Year Levied Tax Collected Tax Levied
1986-1987 553,730 523,149 94.48%
1987-1988 618,512 590,860 95.53%
1988-1989(1 ) 2,915,555 2,797,473 95.95%
1989-1990 3,286,145 3,149,417 95.84%
1990.1991 3,570,018 3,399,795 95.23%
1991.1992 3,860,349 3,611,824 93.56%
1992-1993(2) 3,597,733 3,432,895 95.42%
1993-1994 3,735,472 3,632,944 97.26%
1994-1995 3,836,151 3,614,558 94.22%
1995-1996 3,833,915 3,614,671 94.28%
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(1) Effective July 1, 1988, the City assumed responsibility for park maintenance
and fire protection services from Dublin/San Ramon Services District, which
operated these functions prior to 1988-1989. At this time, the City also
acquired property taxes previously levied by Dublin/San Ramon Services District.
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(2) In Fiscal Year 1992/93, state law was enacted which permanently reduced
the City's share of the property tax levy and shifted it to the schools. Amount levied for
all subsequent years is net of property tax shift to schools.
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Source: Alameda County Office of the Auditor-Controller
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CITY OF DUBLIN
PRINCIPAL PROPERTY TAXPAYERS
(Based on Secured 1996/97 Tax Roll)
June 30, 1996
Taxpayer
Cottonwood Associates
248 Apartment/Condominium Units
"Cottonwood"
Metric Institutional Company Investment Partners II
204 Apartment/Condominium Units
"Amador Oaks"
Phoenix Mutual Life Insurance Company
200 Apartment/Condominium Units
"Amador Lakes - Lot 5"
Rafanelli & Nahas
255 Apartment/Condominium Units
"Amador Lakes - Lots 3 and 4"
Dublin Associates
Retail Shopping Center
"Target, et al"
Rafanelli & Nahas & VM Rafanelli Vineyards
184 Apartment/Condominium Units
"Parkwood" (Total Project 244 Units)
Amador Lakes Associates
1 00 Apartment/Condominium Units
"Amador Lakes"
RREEF Performance Partnership - 1 LP
Business Park
"SierrafTrinity"
Dublin Spring Inc.
176 Apartment Units
"Springs"
St. Michael Investments
Retail CenterfTheater
"Pier 1/Good Guys/Super CrownfTower"
Total
Source: County of Alameda
-84-
Secured Assessed
Value
$19,485,480
$17,464,885
$15,427,427
$15,030,607
$14,924,643
$13,248,340
$12,294,522
$13,293,944
$12,194,325
$8,115,536
$141,479,709
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Percent of Total
Secured
Assessed Value
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1.3581 %
1.2173%
1.0753%
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1.0476%
1.0403%
0.9234%
0.8569%
0.9266%
0.8499%
0.5657%
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9.8612%
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CITY OF DUBLIN
TOP 25 SALES TAX PRODUCERS
1995 -1996
BUSINESS NAME
BUSINESS CATEGORY
Alameda County Auction
Am Pm Mini Mart
Circuit City
Crown Chevrolet
Dublin Chevron
Dublin Honda
Dublin Toyota Pontiac
EI Monte Rents
Federal Signal Corporation
General Pool & Spa Supply Inc.
Good Guys California Inc.
Harrisons Boat Center
Home Express
Mervyn's
Micro Porcelain Dental Lab Inc.
Montgomery Ward
Office Club
Orchard Supply Hardware
Pacific Bell Network Integration
Ross Stores
Shamrock Ford
Target
Thrifty Payless 4245
Toys R Us
Valley Nissan Dodge Vw Audi
Used Automotive Dealers
Service Stations
Radio/Appliance Stores
New Motor Vehicle Dealers
Service Stations
New Motor Vehicle Dealers
New Motor Vehicle Dealers
Repair Shops
Light Industrial/Printers
Light Industrial/Printers
Radio/Appliance Stores
Boats/Motorcycles
Home Furnishings
Department Stores
Health Services
Department Stores
Office Furniture
Hardware Stores
Specialty Stores
Family Apparel
New Motor Vehicle Dealers
Discount Dept. Stores
Drug Stores
Specialty Stores
New Motor Vehicle Dealers
Percent of Total City Sales Tax Paid By Top 25 Accounts = 12.92%
Firms Listed Alphabetically
Period: April 95 thru March 96
Source: Hinderliter, de Llamas & Associates, State Board of Equalization
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CITY OF DUBLIN
MISCELLANEOUS STATISTICAL DATA
JUNE 30, 1996
Date of Incorporation
Fonn of Government
Employees
Population
Area
Miles of Streets
Miles of Curbs
Signalized Intersections
Number of Street Lights
Average Daily Trips on 1-680
Average Daily Trips on 1-580
PARKS AND RECREATION:
Parks
Acres in Parks
Number of Registered Voters
(As o/November 1995)
EDUCATION:
1. Public:
Elementary Schools
Middle School
High School
C<:mtinuation
II. Private Schools Enrollment For 95/96
School Year:
Valley Christian:
Elementary
Junior High
High School
St. Philip Luthern Elementary (K - 7th)
St. Raymonds Catholic School (K - 8th)
Montessori Fountainhead (K - 3rd)
Total Private School Enrollment
February 1982
Council/Manager
39
26,267
11.42 Sq. Miles
56.6
140.25
21
1,782
115,000
140,000
9
147
12,179
601
100
174
132
276
12.
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FIRE PROTECTION:
Dougherty Regional Fire Authority
(Service area includes City of Dublin and a
portion of the City of San Ramon)
Number of Stations
Number of Fire Personnel
POLICE PROTECTION:
Number of Stations
Number of Sworn Police Officers
Number of Civilian Support Personnel
COMMUNITY FACILITIES:
Dublin Civic Center
Dublin Senior Center
Shannon Community Center
Dublin Swim Center
Dublin Sports Grounds
3
1
1
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III. Public School Enrollment:
September 1986
September 1987
September 1988
September 1989
September 1990
September 1991
September 1992
September 1993
September 1994
September 1995
September 1996
Source: City of Dublin and Dublin Unified School District Records
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2
50 - Safety
4 - Non-Safety
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28
3.5
3,407
3,499
3,213
3,135
3,150
3,173
3,379
3,511
3,550
3,580
3,715