HomeMy WebLinkAboutItem 4.11 Attachment 1City of Dublin
California
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Comprehensive Annual Financial Report
For Fiscal Year Ended
June 30, 1993
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CITY OF DUBLIN
DUBLIN, CALIFORNIA
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
FOR THE YEARS ENDED
JUNE 30, 1993 AND JUNE 30, 1992
Prepared by
FINANCE DEPARTMENT
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Years Ended June 30, 1993 and 1992
INTRODUCTORY SECTION
Table of Contents ................................. ............................... i
Elected Officials and Administration Personnel ......... ............................... iv
Organizational Chart .............................. ............................... v
GFOA Certificate of Achievement for Excellence
in Financial Reporting ............................ ............................... vi
CSMFO Certificate of Award for Outstanding
Financial Reporting .............................. ............................... vii
Letter of Transmittal .............................. ............................... ix
FINANCIAL SECTION
Independent Auditor's Report ....................... I .............................. 1
General Purpose Financial Statements
Combined Balance Sheets - All Fund Types and
Account Groups .................................. ............................... 4
Combined Statements of Revenues, Expenditures
and Changes in Fund Balances - All Governmental
FundTypes ..................................... ............................... 7
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual -
All Governmental Fund Types ...................... ............................... 8
Combined Statements of Revenues, Expenses and
Changes in Fund Equity - All Proprietary Fund Types .. ............................... 10
Combined Statements of Cash Flows - All Proprietary Fund Types ........................ 11
Notes to General Purpose Financial Statements ........ ............................... 12
i
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Years Ended June 30, 1993 and 1992
1
CvmbvningFund Statements and Sc bcdules
General Fund
Comparative Balance Sheets ........................ ............................... 30
Statements of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual ................ ............................... 31
Schedule of Budget Versus Actual Departmental Expenditures ........................... 32
Special Revenue Funds
Combining Balance Sheets ......................... ............................... 34
Combining Statements of Revenues, Expenditures
and Changes in Fund Balances ..................... ............................... 36
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances - Budget and Actual .... ............................... 38
Capital Projects Funds
Combining Balance Sheets ......................... ............................... 46
Combining Statements of Revenues, Expenditures
and Changes in Fund Balances (Deficits) ............. ............................... 47
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances - Budget and Actual .... ............................... 48
Agency Funds
Combining Statement of Changes in Assets and Liabilities ............................... 52
ii
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Years Ended June 30, 1993 and 1992
STATISTICAL SECTION
F-a=
Governmental Expenditures by Function - All
Governmental Fund Types - Last Ten Fiscal Years ....... ............................... 53
General Governmental Revenues by Source - All
Governmental Fund Types - Last Ten Fiscal Years ....... ............................... 54
Assessed and Estimated Actual Value of
Taxable Property - Last Ten Fiscal Years ............... ............................... 55
Property Tax Rates - All Overlapping
Governments - Last Ten Fiscal Years .................. ............................... 56
Computation of Legal Debt Margin .................... ............................... 57
Computation of Direct and Overlapping Debt .... ............................... . ....... 58
Demographic Statistics - Last Ten Fiscal Years ........... ............................... 59
Property Value, Construction, and Bank Deposits
-Last Ten Fiscal Years .............................. ............................... 60
Miscellaneous Statistical Data ........................ ............................... 61
Schedule of 1985 Certificates of Participation
Coverage - Fiscal Years 1985 -1988 .................... ............................... 62
Schedule of 1988 Certificates of Participation
Coverage- Fiscal Years 1989 -1993 .................... ............................... 63
California Public Employees Retirement System
Funding Analysis - Fiscal Years 1986 -1992 .............. ............................... 64
Property Tax Levies and Collections -
Last Ten Fiscal Years ............................... ............................... 65
Principal Taxpayers ................................. ............................... 66
]m
Vice Mayor
Dave Burton
Councilmember
Lisbeth Howard
CITY OF DUBLIN
ELECTED OFFICIALS
June 30, 1993
Mayor
Peter W. Snyder
ADMINISTRATION PERSONNEL
City Manager
Assistant City Manager
City Attorney
City Clerk
Chief of Police
Public Works Director
Planning Director
Chief Building Official
Recreation Director
IV
Councilmember
Guy Houston
Councilmember
Paul C. Moffatt
Richard C. Ambrose
Paul Rankin
Elizabeth Silver
Kay Keck
Jim Rose
Lee Thompson
Laurence L. Tong
Victor L. Taugher
Diane Lowart
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Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Dublin,
California
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 1992
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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CNICAV Y�� Z4!�;t
Executive Director
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CITY OF DUBLIN
PO. Box 2340, Dublin, California 94568 •
November 18, 1993
Honorable Mayor and
Members of the City Council
City Offices, 100 Civic Plaza, Dublin, California 94568
Presented with this transmittal is the City of Dublin Comprehensive Annual
Financial Report, for the year ended June 30, 1993. The responsibility for
the accuracy and fairness of the material in this report rests with the
City.
INTRODUCTION
The format of this report exceeds the minimum requirements and information
typically 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 are 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 following three main sections:
Introductory Section . This consists of: the table of
contents; letter of transmittal; directory of elected officials
and staff; and a city organization chart. This section is
intended to assist the reader and provide a narrative overview of
the entire report.
Financial Section . This consists of: the independent
auditor's opinion; general purpose financial statements and
notes; and combining and account group statements by fund type.
In its entirety this section comprises the annual financial audit
prepared by the City's Certified Public Accountants.
Statistical Section : This section includes both financial
and non - financial data about the City and its operations. The
information provides historical comparisons of key factors.
The information in this Comprehensive Annual Financial Report is prepared
in accordance with Generally Accepted Accounting Principles (GAAP) as
promulgated by the Governmental Accounting Standards Board (GASB) and
includes the report prepared by City's independent certified public
accountants, Maze & Associates, Walnut Creek, California.
Administration (510) 833 -6650 0 City Council (510) 833 -6605 • Finance (510) 833 -6640 • Building Inspection (510) 833 -662.0
Code Enforcement (510) 833 -6620 • EnginedrVAg (510) 833 -6630 • Planning (510) 833 -6610
Police (510) 833 -6670 • Public Works (510) 833 -6630 • Recreation (510) 833 -6645
REPORTING ENTITY AND ITS SERVICES
This report reflects reporting as a single entity for all operations
directly associated and controlled by the City. In addition to reporting
directly for the City operations , Dublin Information Inc., a separate
legal entity has been included in the primary reporting entity. This is a
non profit corporation originally formed by the City to reduce the cost of
producing and distributing public information throughout the community.
The functions were expanded in 1985 to include financing for the
construction of a new Civic Center. The project was completed in 1989 and
the award winning complex serves as an identifiable source of community
pride. Pursuant to the financing arrangements with Dublin Information,
Inc. the Civic Center project is leased from the 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.
The City of Dublin is a General Law city, incorporated in 1982. The City
operates under the Council - Manager form 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 Councilmembers serve
staggered four year terms. The City Council is empowered to take actions
in accordance with the General Laws of the State of California. The City
Council responsibilities include: formulation of City policies, including a
fiscal program; determination of the level of City services to be
provided; and appointment of the City Manager, City Attorney and
independent Auditor.
Citizens of the City of Dublin also assist the City Council in forming
government policy. The City Council appoints members of commissions and
committees such as: Planning Commission, Parks & Recreation Commission,
Senior Center Advisory Committee, and Heritage Task Force.
The basic structure for City operations is commonly refered to as a
"contract city." Many of the typical municipal services are provided
through a contract with public or private entities. For example, Police
Services are provided by the Alameda County Sheriff and Street and Park
Maintenance Services are provided by MCE Corporation. For Fiscal Year
1992 -93 the City had a total of 36 Full Time positions which provide
services as City employees. An additional 50 positions were employees of
the City's Contractors and were assigned to work solely within the City
operations.
Fire Suppression and Prevention Services are provided by the Dougherty
Regional Fire Authority. This is a Joint Powers Authority 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 Interstates 580 and
680 approximately 35 miles east of San Francisco. The City has a wide
range of housing types available to meet the demands of various employers
throughout the region. The City has a large retail base which serves local
residents as well as those in surrounding communities.
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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
Lucky Stores, Inc. headquarters, and Great Western Bank regional office;
and retailers such as; Montgomery Wards, Target Stores, and Mervyns.
The City has been impacted by the general recessionary trends experienced
throughout the State. This tends to impact some of the key General Fund
revenues available to the City such as; Sales Tax, Fees and Charges related
to Development and Interest. Despite these pressures the local economy has
continued to perform better in some cases than one might expect. For
example, General Fund Sales Tax in 1993 -94 increased by 3.6% over the prior
year. If adjusted for the 2.6% inflation in the region the revenue
remained rather flat. However, the recessionary impacts have resulted in
actual losses of revenues in other cities.
The City Property Tax Revenue was impacted by a slow real estate market
'with declining values as well as State Legislation which shifted local
property taxes from the City to public education. Overall the current year
property tax collections decreased by approximately 5% over the previous
year. The City responded to these reductions by reducing 1992 -93
'expenditures in a manner which allowed the City to provide services without
relying heavily on reserves.
The future economic outlook for the City is geared towards enhancing the
City's existing economic base, while providing opportunity for further
expansion. The economy is anticipated to remain status quo over the
upcoming year.
MAJOR INITIATIVES
In Fiscal Year 1992/93 the City refinanced the Civic Center Certificate of
Participation obligation. The City was able to restructure the payments to
generate net lease payment savings totalling over $ 634,000 for the period
from Fiscal Year 1993 - 1994 through Fiscal Year 1997 - 1998. The City was
able to accomplish this without extending the final date in which the
obligation will be fully repaid. Also, the City retained the opportunity
to call all outstanding COP'S in the issue without a prepayment premium
after February 1999. The Refunding transaction was completed in June of
1993 and resulted in an upgrade of the credit rating from the previous 1988
issue.
The City also completed and adopted a major General Plan Amendment covering
approximately 10.8 square miles of largely undeveloped land. Approximately
one half of the Planning Area was covered by a Specific Plan, which was
processed concurrently. The adopted plans provide for a fully integrated
community including residential sites, commercial and employment generating
properties, schools, public buildings, parks and open space. The plans
were upheld by the voters in a Referendum Election held in November of
1994. However, the outcome of lawsuits challenging the plans remain
undetermined.
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The Recreation Department has coordinated a project to acquire the parcels '
comprising the Heritage Center. The project includes the "Old Murray
School" originally built in 1856, "Old St. Raymond's Church ", and the '
Dublin Cemetery. The properties were previously owned by three separate
non profit groups. The City intends to refurbish the structures which will
increase their usefulness and availability to the public. The City Council
has appointed a Heritage Task Force to make recommendations on the '
improvements and future operation of the historic site.
In Fiscal Year 1992 - 1993 the Public Works Department neared the
completion of the extension of Dublin Boulevard. This project will provide
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access to a Bay Area Rapid Transit train station, which is slated to be
constructed and operational by 1996. The extension will also provide a
transit connection from the current developed portions of Dublin to the
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East Dublin General Plan area.
ACCOUNTING SYSTEM AND BUDGETARY CONTROL
'
Note 1 contained in the General Purpose Financial Statements provides a
detailed explanation of the significant accounting policies. In general,
for all City and Agency funds the revenues and expenses are based on a
'
modified accrual basis of accounting. This means that with certain
exceptions 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 Dublin Information Inc., revenues and expenditures are accounted
for using the accrual basis of accounting.
'
In developing and evaluating the City's accounting system, consideration is
given to the adequacy of controls. Internal accounting 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.
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, expenditures, and investment activity.
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1 FINANCIAL HIGHLIGHTS OF FISCAL YEAR 1992 -- 1993
The financial reports identify that among all of the Governmental Fund
' Types the General Fund represents approximately 83% of the Revenue and 79%
of the expenses. Clearly, the activity within the General Fund dominates
the City's fiscal condition.
In Fiscal Year 1992 m 1993 several factors contributed to the fact that the
City had General Fund Revenues in excess of General Fund Expenditures. The
following are some of the events contributing to this outcome: (1) PG &E,
the provider of gas and electric services, conducted a Franchise Fee Audit,
which identified under payments in prior years. This included $133,000 in
prior year payments. (2) Due to State Budget actions operating costs were
reduced by: reducing office supply inventory, and leaving five authorized
positions vacant. Overall the General Fund Expenses were $ 380,313 less
than the General Fund Revenues.
The following comparison shows changes in major General Fund Revenue Types
as compared to the previous Fiscal Year:
GENERAL FUND REVENUES
% of
Dollar
%
'Amt
Collected
total
change from
change
Revenue Tyne 1222
rr n
r' r year
P r Lox=
'
Taxes $ 9,875,706
75.61 %
$ 175,456
1.8 %
License /Permits 281,921
2.16
35,462
14.4
'
Intergovernmental 919,902
7.04
55,255
6.0
Charges For
'
Services 1,020,631
7.81
80,798
8.6
Use of Assets 878,969
6.73
(159,534)
(15.4)
'
Fines & Forfeitures 24,414
.19
( 1,366)
( 5.3)
Other 7
--4-6
(198,567)
(76.7)
TOTALS $13,061,920
100.00
($ 12,496)
( 0.1)%
As noted in the description
of General Fund
Revenues above,
the actual
declined. Although
this was minimal
compared to the
$1,196,197
'revenues
revenue decrease experienced
between Fiscal Year 1990/91 and
Fiscal Year
1991/92, if inflation were factored in the decline suffered
by the City
'
becomes even more significant.
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The following chart compares General Fund Expenditures to those for the
previous year.
GENERAL FUND EXPENDITURES
% of Dollar %
Total total change from change
1 rr ;nt yr prior
General
Government
$ 3,042,107
23.99 %
$ (293,812)
( 9.7) %
Public
Safety
5,801,802
45.75
396,947
7.3
Highways &
Streets
595,254
4.69
(246,160)
(29.3)
Health &
Welfare
7,271
0.06
( 22,255)
(75.4)
Community
Development
1,297,148
10.23
(141,326)
( 9.8)
Culture &
Leisure
1,733,786
13.67
51,524
3.1
Capital Outlay
204,239
_ 1.61
1271.638)
(11.9)
TOTAL
$ 12,681,607
100.00%
$ (282,720)
( 2.2) %
As noted above, General Fund expenditures decreased when compared to the
prior year. This was due to a conscious effort by City officials to reduce
expenditures as a result in State reductions in local revenues.
DEBT ADMINISTRATION
The City has no outstanding General Obligation debt. The City does
administer funds for debt issued pursuant to the 1915 Improvement Act on
two Capital Improvement Projects. The total, amount of assessment debt
outstanding is $ 2,790,000. This amount is repayable from property
assessments levied on properties benefiting from the improvements.
Revenues collected were sufficient to finance all required debt service
expenditures for the year ending June 30, 1993. There were no material
delinquent assessment revenues at year end.
RISK MANAGEMENT
The City of Dublin is a member of ABAG PLAN Corporation. This is a public
agency pool providing liability insurance coverage to approximately 26 Bay
Area cities. The coverage limit is $ 5 million per occurrence, with a
$25,000 deductible. The pool also provides property insurance coverage and
purchases required employee bonds.
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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 funds was $ 928,260. This represented a decrease of
approximately 17.95% over interest earned in the prior year. The annual
yield based upon average monthly balances calculates to 5.14 %. In the
previous year interest rates were at a higher level which produced a 6.87%
yield. On a monthly basis the City Council is provided with a report on
investment activity. The investments strategy emphasizes the safety of the
portfolio and liquidity to match anticipated cash flow needs.
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. Two members
of the City Council serve as an Audit Subcommittee to meet with the
independent auditor and review the report and any findings. This report
includes the Auditor's opinion for the combined financial statements of the
City of Dublin.
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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, 1992. Copies of the Certificate of Achievement for
Excellence in Financial Reporting are included in this report. 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 another certificate.
ACKNOWLEDGMENTS
This report represents the culmination of a significant amount of work,
during a time when fewer Staff resources were available in the Finance
Department. A special thanks is due to the Finance Staff as well as the
Staff at Maze & Associates. The City Council must also be recognized for
their continued support of excellence in financial reporting to the public.
Respectfully submitted,
' Richard C. :Zro
City Manager
Paul S. Rankin
Assistant City Manager /
Administrative Services Director
AJAZE &
ASSOCIATES
INDEPENDENT AUDITOR'S REPORT
To the City Council
City of Dublin, California
ACCOUNTANCY CORPORATION
1670 Riviera Avenue -Suite 100
Walnut Creek, California 94596
(5 10) 930 -0902 • FAX 930 -0135
We have audited the general purpose financial statements of the City of Dublin as of and for the years ended June 30, 1993
and 1992, 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 audits in accordance with generally accepted auditing standards. Those standards require that we plan
and perform the audits to obtain reasonable assurance as to whether the financial statements are free of material
misstatement. An audit includes examining on a test basis evidence supporting the amounts and disclosures in the financial
statements. An audit also includes asscssing 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, 1993 and 1992 and the results of its operations and cash flows of its proprietary fund types
for the years then ended, in conformity with generally accepted accounting principles.
Our audits were made for the purpose of forming an opinion on the general purpose financial statements taken as a whole.
The combining fund statements and schedules listed in the table of contents are presented for the purpose of additional
analysis and are not a required part of the general purpose financial statements. These combining fund statements and
schedules have been subjected to the auditing procedures applied in the audits of the general purpose financial statements,
and in our opinion are fairly stated in all material respects when considered in relation to the general purpose financial
statements taken as a whole.
The statistical section listed in the table of contents was not examined by us and we do not express an opinion on this
information.
3— t4
October 11, 1993
A Professional Corporation
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 group 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.
3
CITY OF DUBLIN ,
COMBINED BALANCE SHEETS - ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30, 1993 '
WITH COMPARATIVE AMOUNTS AS OF .TUNE 30, 1992
ASSETS
Cash and investments (Note 2)
Restricted cash and investments (Note 2)
Receivables:
Accounts
Accrued interest
Due from other governments
Due from other funds (Note 3)
Prepaid expenses
Condemnation deposits
Fixed assets, net of accumulated
depreciation (Note 4)
Amount to be provided for general
long -term obligations
Total Assets
LIABILITIES
Accounts payable
Accrued wages
Accumulated unpaid general leave
Deposits payable
Deferred revenues
Due to other funds (Note 3)
Due to other governments
Due to bondholders
Deferred compensation payable
Interest payable
BART advance payable (Note 5)
Certificates of participation (Note 5)
Total Liabilities
FUND EQUITY AND OTHER CREDITS
Investment in general fixed assets
Contributed capital
Retained earnings (deficit):
Reserved for debt service
Reserved for equipment replacement
Unreserved
Fund balances (Note 6):
Reserved:
For prepaid expenses
For condemnation deposits
Unreserved:
Designated for authorized expenditures
Undesignated
Total Fund Equities (Deficits)
Total Liabilities and Fund Equities
GOVERNMENTAL FUND TYPES
PROPRIETARY FUND TYPES
Special
Capital
Internal
,
General
Revenue
Projects
Service
Enterprise
1
$16,894,767
$827,643
$102,303
$302,724
$417
1,726,902
'
295,299
190,084
121,796
209,757
751
46,871
333,836
13,716
,
266,809
5,845
32,600
114
'
165,970
20,949,028
$18,006,313
$1,031,443
$257,450
$468,808
$22,723,218
$1,108,858
$336,203
$24,145
$3,650
$25,760
114,037
116,981
'
135,013
101,549
147,121
110,796
119,077
147,729
'
107,866
'
77,851
17,850,568
'
1,729,876
455,280
384,219
3,650
17,954,179
176,108
5,109,891
289,050
(340,852)
'
5,845
32,600
'
16,270,592
421,574
154,589
(159,369)
16,276,437
576,163
(126,769)
465,158
4,769,039
'
$18,006,313
$1,031,443
$257,450
$468,808
$22,723,218
'
See accompanying
notes to financial statements
4
FIDUCIARY
96,773
116,981
TOTALS
FUND TYPE
ACCOUNT GROUPS
(Memorandum Only)
General Fixed
General Long -
107,866
24,650
Agency
Asses
Term Obligations
1993
1992
498,900
$2,548,360 2,548,360
2,285,000
17,850,568
16,057,162
899,319 2,548,360 23,974,883
22,561,451
$470,015 470,015
$18,127,854
$18,270,440
$898,820
1,540,653
2,625,722
3,025,342
499
5,845
607,678
228,598
32,700
16,692,166
15,921,373
257,379
348,721
347,552
253,256
266,809
355,102
5,959
3,773
32,600
32,700
$470,015
21,585,013
21,990,630
$2,548,360
2,548,360
2,285,000
$899,319
$470,015
$ 2,548,360
$46,404,926
$46,793,562
$1,498,616 $1,568,924
114,037
96,773
116,981
116,175
236,562
266,859
257,917
266,806
355,102
107,866
24,650
$741,390 741,390
1,193,238
157,929 157,929
98,668
77,851
498,900
$2,548,360 2,548,360
2,285,000
17,850,568
16,057,162
899,319 2,548,360 23,974,883
22,561,451
$470,015 470,015
459,283
5,285,999
5,278,149
1,540,653
289,050
295,852
(340,852)
5,845
1,939
32,600
32,700
16,692,166
15,921,373
470,015
22,430,043 24,232,111
.yu»,✓�� .y-ri v,v a.r V.r.,r��a ,..vv - --
CITY OF DUBLIN
COMBINED STATEMENTS OF REVENUES, EXPENDITURES
' AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
FOR THE YEAR ENDED JUNE 30, 1993
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1992
1
' REVENUES
Taxes
Licenses and permits
Intergovernmental
' Charges for services
Use of money and property
Fines and forfeits
' Other revenue
Special assessments
Total Revenues
' EXPENDITURES
Current:
General government
' Public safety
Highways and streets
Health and welfare
Community development
Culture and leisure
Capital outlay
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
' OTHER FINANCING SOURCES (USES)
Operating transfers in (Note 7)
' Operating transfers (out) (Note 7)
Proceeds from BART advance (Note 5)
Contribution in aid of construction
' Total Other Financing Sources (Uses)
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
' OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES
' Fund balances, beginning of year
Fund balances (deficit), end of year
1
1
12,681,607
380,313
91,042
(39,985)
390,230
821,600
2,165,466 1,150,617
345,289 (1,047,856)
14,393
(65,769)
(51,376)
293,913
516,'1- /6,437 5576,163
See accompanying notes to financial statements
rA
15,997,690 18,544,418
(322,254) (2,406,039)
105,435
(105,754)
390,230
(1,047,856) 67,657
($126,769) $16,725,831
53,426
(101,037)
2,285,000
4,225,361
1,819,322
14,838,852
TOTALS
GOVERNMENTAL FUND TYPES
(Memorandum
Only)
Special
Capital
General
Revenue
Projects
1993
1992
$9,875,706
$110,838
$9,986,544
$9,805,734
281,921
281,921
246,459
919,902
1,880,536
$10,437
2,810,875
2,489,765
1,020,631
150,933
1,171,564
1,085,251
878,969
41,107
36,959
957,035
1,125,154
24,414
26,366
50,780
58,501
60,377
8,751
55,365
124,493
1,051,625
292,224
292,224
275,890
13,061,920
2,510,755
102,761
15,675,436
16,138,379
3,042,107
23,918
3,066,025
3,339,061
5,801,802
213,187
6,014,989
5,654,056
595,254
403,589
998,843
1,025,265
7,271
69,458
76,729
29,526
1,297,148
112,446
1,409,594
1,541,207
1,733,786
1,733,786
1,682,262
204,239
1,342,868
1,150,617
2,697,724
5,273,041
12,681,607
380,313
91,042
(39,985)
390,230
821,600
2,165,466 1,150,617
345,289 (1,047,856)
14,393
(65,769)
(51,376)
293,913
516,'1- /6,437 5576,163
See accompanying notes to financial statements
rA
15,997,690 18,544,418
(322,254) (2,406,039)
105,435
(105,754)
390,230
(1,047,856) 67,657
($126,769) $16,725,831
53,426
(101,037)
2,285,000
4,225,361
1,819,322
14,838,852
CITY OF DUBLIN
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
ALL GOVERNMENTAL FUND TYPES
FOR THE YEAR ENDED JUNE 30, 1993
General Fund
Variance
Favorable
Budget Actual (Unfavorable) Budget
REVENUES
Revenue Funds
Variance '
Favorable
Actual (Unfavorable)
Taxes
$9,664,573
$9,875,706
$211,133
$108,000
$110,838
$2,838
Licenses and permits
225,200
281,921
56,721
Intergovernmental
918,205
919,902
1,697
1,776,931
1,880,536
103,605
'
Charges for services
1,151,045
1,020,631
(130,414)
144,900
150,933
6,033
Use of money and property
1,008,450
878,969
(129,481)
27,110
41,107
13,997
Fines and forfeits
22,000
24,414
2,414
34,730
26,366
(8,364)
'
Other revenue
305,246
60,377
(244,869)
19,900
8,751
(11,149)
Special assessment
282,232
292,2244
9,992
Total Revenue
13,294,719
13,061,920
(232,799)
2,393,803
2,510,755
116,952
'
EXPENDITURES
Current:
General government
3,266,220
3,042,107
224,113
27,172
23,918
3,254
'
Public safety
5,894,867
5,801,802
93,065
218,832
213,187
5,645
Highways and streets
636,401
595,254
41,147
450,048
403,589
46,457
Health and welfare
9,743
7,271
2,472
88,170
69,458
18,712
'
Community development
1,520,556
1,297,148
223,408
131,525
112,446
19,079
Culture and leisure
1,790,038
1,733,786
56,252
Capital outlay
478,643
204,239
274,404
1,634,705
1,342,868
291,837
'
Total Expenditures
13,596,468
12,681,607
914,861
2,550,452
2,165,466
384,984
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(301,749)
380,313
682,062
(156,649)
345,289
501,938
'
OTHER FINANCING SOURCES (USES)
Operating transfers in (Note 7)
91,042
91,042
13,666
13,666
,
Operating transfers (out) (Note 7)
(6,715)
(39,985)
(33,270)
(65,769)
(65,769)
Contribution in aid of construction
390,230
390,230
Total Other Financing Sources
441,287
448,002
'
(Uses)
(6,715)
(52,103)
(52,103)
EXCESS (DEFICIENCY) OF REVENUES AND
OTHER FINANCING SOURCES OVER (UNDER)
'
EXPENDITURES AND OTHER FINANCING USES
($308,464)
821,600
$1,130,064
($156,649)
293,186
$449,835
Fund balances, beginning of year
15,454,837
282,977
'
Fund balances (deficit), end of year
$16,276,437
$576,163
'
See accompanying notes to financial statements
1
' ($1,060,894) (1,047,856) $13,038 ($1,526,007)
' 921,087
($126,769)
1
1
66,930 $1,592,937
$16,725,831
'
TOTALS
Capital Projects Funds
(Memorandum Only)
'
Variance
Favorable
Variance
Favorable
Budget
Actual (Unfavorable)
Budget
Actual
(Unfavorable)
$9,772,573
$9,986,544
$213,971
225,200
281,921
56,721
$10,437
$10,437
2,695,136
2,810,875
115,739
'
1,295,945
1,171,564
(124,381)
$10,290
36,959
26,669
1,045,850
957,035
(88,815)
'
132,298
55,365
(76,933)
56,730
457,444
50,780
124,493
(5,950)
(332,951)
282,232
292,224
9,992
142,588
102,761
(39,827)
15,831,110
15,675,436
(155,674)
3,293,392
3,066,025
227,367
t
6,113,699
6,014,989
98,710
1,086,449
998,843
87,606
'
97,913
1,652,081
76,729
1,409,594
21,184
242,487
1,790,038
1,733,786
56,252
1,203,482
1,150,617
52,865
3,316,830
2,697,724
619,106
'
1,203,482
1,150,617
52,865
17,350,402
15,997,690
1,352,712
'
(1,060,894)
(1,047,856)
13,038
(1,519,292)
(322,254)
1,197,038
104,708
104,708
'
(6,715)
(105,754)
(99,039).
390,230
390,230
'
(6,715)
389,184
395,899
' ($1,060,894) (1,047,856) $13,038 ($1,526,007)
' 921,087
($126,769)
1
1
66,930 $1,592,937
$16,725,831
CITY OF DUBLIN
COMBINED STATEMENTS OF REVENUES, EXPENSES
AND CHANGES IN RETAINED EARNINGS
ALL PROPRIETARY FUND TYPES
FOR THE YEAR ENDED JUNE 30, 1993
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1992
Dublin
Equipment Information TOTALS
Replacement Inc. (Memorandum Only)
Internal Enterprise
REVENUES
Facilities rents (Note 5)
Equipment usage
Miscellaneous
Total Revenues
EXPENSES
Depreciation
Services and supplies
Total Expenses
Operating Income
NONOPERATING INCOME (EXPENSE)
Interest income
Interest expense and bond discount amortization
Nonoperating Income (Loss)
Income Before Operating Transfers
OPERATING TRANSFERS IN (OUT) (Note 7)
Income Before Extraordinary Item
EXTRAORDINARY LOSS ON ADVANCE
REFUNDING OF DEBT (Note 5)
Net Income (Loss)
Retained earnings, beginning of year
Retained earnings (deficit), end of year
See accompanying notes to financial statements
10
$1,575,445
$1,575,445
$1,544,609
$131,110
131,110
144,490
13,442
13,442
2,410
144,552
1,575,445
1,719,997
1,691,509
88,805
471,831
560,636
562,152
49,835
26,320
76,155
113,734
138,640
498,151
636,791
675,886
5,912
1,077,294
1,083,206
1,015,623
13,286
255,912
269,198
158,699
(830,479)
(830,479)
(1,257,670)
13,286
(574,567)
(561,281)
(1,098,971)
19,198
502,727
521,925
(83,348)
(26,000)
26,319
319
47,611
(6,802)
529,046
522,244
(35,737)
(2,410,551)
(2,410,551)
(6,802)
(1,881,505)
(1,888,307)
(35,737)
295,852
1,540,653
1,836,505
1,872,242
$289,050
($340,852)
($51,802)
$1,836,505
See accompanying notes to financial statements
10
CITY OF DUBLIN
COMBINED STATEMENTS OF CASH FLOWS
ALL PROPRIETARY FUND TYPES
FOR THE YEAR ENDED JUNE 30, 1993
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1992
Dublin
Equipment Information TOTALS
Replacement Inc. (Memorandum Only)
Internal Enterprise
Service Fund Fund 1993 1992
CASH FLOWS FROM OPERATING ACTIVITIES
Operating Income
Adjustments to reconcile operating income
to cash flows from operating activities:
Depreciation
Net effect of changes in:
Accounts receivable
Prepaid expenses
Accounts payable
Cash Flows From Operating Activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES
Fixed asset purchases
Increase in restricted investments
Proceeds from 1993 Certficates of Participation
Payment to refunding escrow agent
1993 Certficates of Participation issuance costs
1988 Certficates of Participation principal payment
Interest paid
Cash Flows From Capital and
Related Financing Activities
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Operating transfers in (out)
$5,912
$1,077,294
$1,083,206
$1,015,623
88,805
471,831
560,636
562,152
(18,015,047)
(18,015,047)
769
(5)
1,725
1,720
8,506
(1,172)
24,297
23,125
2,365
93,540
1,575,147
1,668,687
1,589,415
(26,000) 26,319
319
47,611
13,286
273,541
286,827
158,699
(136,436)
(136,436)
(17,861)
(5,916)
(5,916)
(2,410)
18,525,000
18,525,000
(18,015,047)
(18,015,047)
(677,823)
(677,823)
(470,000)
(470,000)
(445,000)
(1,230,804)
(1,230,804)
(1,240,339)
(136,436) (1,874,590)
(2,011,026)
(1,705,610)
(26,000) 26,319
319
47,611
Net Cash Flows (55,610) 417 (55,193) 90,115
Cash and investments at beginning of year 358,334 358,334 268,219
Cash and investments at end of year $302,724 $417 $303,141 $358,334
See accompanying notes to fmancial'statements
11
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Dublin was incorporated February 1, 1982 under the Municipal Organization Act of 1977. The City
operates under the Council- Manager form of government and provides services to residents primarily by contracting
with other governmental agencies and private contractors.
The following is a summary of the significant 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
separate legal entities which are controlled by or dependent on the City. Management has considered all potential
component units in evaluating how to define the City for general purpose financial statement purposes. The criteria
for including a potential component unit in the City's financial statements are the City Council's ability to exercise
oversight responsibility, the scope of the entity's service and the existence of special financing relationships, regardless
of whether the City is able to exercise oversight responsibilities.
Dublin Information, Inc. (DII) is a separate legal entity which assists in providing financing to the City, to own and
rent facilities to the City and is utilized to distribute public information. DII is dependent on the City for its cash
flows and therefore meets the criterion of ability to significantly influence operations and accountability for fiscal
matters for inclusion in the City's reporting entity. The financial activities of DII have been included in the Dublin
Information, Inc. Enterprise Fund. Since DII's sole business is facilities rental, it accounts for rents as operating
revenues.
The general purpose financial statements exclude the activities of the Livermore- Amador Valley Transit Authority,
the Dublin Housing Authority, the Dublin San Ramon Services District and the Dougherty Regional Fire Authority.
Each of these agencies is managed and operated independently of the City, which is not able to significantly influence
their operations, budgets or financing.
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:
GOVERNMENTAL FUND TYPES
General Fund is the general operating fund of the City. It is used to account for all financial resources except those
required to be accounted for in another fund.
Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major capital
projects) that are legally restricted to expenditures for specific purposes.
12
0
n
n
11
�J
1
' CITY OF DUBLIN
Notes to General Purpose Financial Statements
' NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ( Continued)
' Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction
of major capital facilities (other than those financed by proprietary funds).
' PROPRIETARY FUND TYPES
' 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.
' 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.
' 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_ Account Groups
The accounting and reporting treatment applied to the fixed assets and long -term obligations associated with a fund
are determined by its measurement focus. All governmental fund types 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 (net current assets) is considered a measure of "available spendable
resources ". Governmental fund operating statements present increases (revenues and other financing sources) and
decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a
summary of sources and uses of "available spendable resources" during a period.
Fixed assets used in governmental fund type operations (general fixed assets) are accounted for in the general fixed
assets account group, rather than in governmental fund types.
Long term obligations expected to be financed from governmental fund types are accounted for in the general long-
term obligations account group, not in the governmental fund types.
The two account groups are not "funds ". They are concerned only with the measurement of financial position. They
are not involved with measurement of results of operations. Because of their spending measurement focus,
expenditure recognition for governmental fund types is limited to exclude amounts represented by noncurrent
liabilities. Since they do not affect net current assets, such long -term amounts are not recognized as governmental
fund expenditures or fund liabilities.
13
CITY OF DUBLIN '
Notes to General Purpose Financial Statements
NOTE 1 - SUMMARY OF ACCOUNTING POLICIES (Continued)
D. Fiued Assc[s
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 value on the date donated. No depreciation has been provided
on general fixed assets.
'
The City has elected not to capitalize its infrastructure, which consists of roads, bridges, curbs, gutters, streets ,
sidewalks, drainage systems, and lighting systems except where required by the state for property acquired with state
grants funds.
,
All proprietary funds are accounted for on a cost of services or 'capital maintenance" measurement focus, which
means that all assets and all liabilities, current and non - current, 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 net assets.
Depreciation of all exhaustible fixed assets used by proprietary funds is charged as an expense against their
operations. Accumulated depreciation is reported on proprietary fund balance sheets.
'
Depreciation has been provided over the estimated useful lives of proprietary fund assets using the straight line
method. The estimated useful lives are as follows:
'
Building 37.5 years
Machinery and equipment 3 -7 years
'
E. Contributed Capital m Proprietary Fund Types
Contributed capital in proprietary funds represents general fund residual equity transfers used to acquire or construct
'
fixed assets.
F. Basis ofAacouoting
'
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, interest revenues and charges for services. Sales taxes '
collected and held by the State at year end on behalf of the City also are recognized as revenue. Fines, licenses,
transient occupancy taxes and permit revenues are not susceptible to accrual because they generally are not '
measurable until received in cash.
14 '
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 _ SUMMARY OF ACCOUNTING POLICIES (Continued)
Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability
is incurred, except for principal and interest on general long term obligations which 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 -term amounts are not
recognized as governmental fund expenditures or fund liabilities.
All proprietary fund types are accounted for using the accrual basis of accounting. Their revenues are recognized
when they are earned, and their expenses are recognized when they are incurred.
G. Budgets and Budgetary Aavundag
The City follows these procedures in establishing the budgetary data reflected in the general purpose financial
statements:
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
financing 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 (except the SAFCO Special Revenue Fund, which was closed in 1993) 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.
1 15
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 - SUMMARY OF ACCOUNTING POLICIES (Continued)
H. Cash aod1nvcstn7mts
I.
J
The City pools idle cash from all funds, except Cash and Investments with Fiscal Agent and the Deferred
Compensation Plan, for the purpose of increasing investment income. Investments are carried at cost, except
Deferred Compensation Plan assets which are carried at market value. Interest income on investments is allocated
on the basis of average month -end cash and investment balances in each fund.
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?Crcrred Compensation Plan
City employeesmay defer a portion of their compensation under City sponsored deferred compensation plans created
in accordance with Internal Revenue Code Section 457. Under these plans, participants are not taxed on the deferred
portion of their compensation until distributed to them; distributions may be made only at termination, retirement,
death or in an emergency as defined by the Plan.
All assets of the plans, including participant contributions and earnings therefrom, are the property of the City. These
assets may also be claimed by the general creditors of the City; however, the City believes the likelihood of any such
claim is remote. Participants rights under the plans are equal to those of general creditors of the City.
Investments in the plans are managed by trustees under agreements which allow participants to choose among various
investment options including stocks, bonds, money market accounts, and a fund providing a guaranteed rate of
return.
The City has no liability for any losses which may be incurred by the plans 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. City management has
assigned fiduciary management functions to a professional asset management company.
Property Tax
Alameda County assesses properties and bills for and collects property taxes as follows:
Valuation dates
Lien/levy dates
Due dates
Delinquent as of
Secured
March I
March 1
50% on November 1
50% on February 1
December 10 (for November)
April 10 (for February)
16
Unsecured
March 1
March 1
July 1
August 31
C
1
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F-1
1
n
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J
1
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 - SUMMARY OF ACCOUNTING POLICIES (Continued)
The term "unsecured" refers to taxes on property other than real estate, land and buildings. These taxes are secured
by liens on the property being taxed.
Property taxes are recorded when levied, provided they are measurable and collected within 60 days of year end.
K Accumulated Unpaid GeacmI Leave
The City accounts for 100% of the liability for accumulated general leave in the General Fund since the City's policy
is to liquidate any unpaid general leave from currently available expendable resources rather than future resources.
The City offers its employees general leave benefits which are composed of time off for illnesses and vacations.
Employees receive benefits in the form of time off or, if terminated, in cash.
L. Claims and Judgments
The City records a liability for uninsured claims and judgments when it is probable that an asset has been impaired
or a liability has been incurred, and the amount of impairment or liability is reasonably estimable. No material claims
or judgements were accrued at year end.
M. Post Employment Health Care Benefits
The City provides certain health care benefits for two retirees as required under a contract signed with PERS. All
former full time 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, 1993 those costs totaled
$7,997.
' N. Total Columns on Combined Statements
Total columns on the combined statements 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 cash
flows in conformity with generally accepted accounting principles. Neither is such data comparable to a
consolidation. Interfund eliminations have not been made in the aggregation of this data.
O. Clash cation Changes
The classification of certain amounts has been changed to improve the June 30, 1993 financial presentation. For
comparative purposes, prior year amounts have been reclassified to conform with the June 30, 1993 presentation.
J
1 17
CITY OF DUBLIN
Notes to General Purpose Financial Statements '
NOTE 2 - CASH AND INVESTMENTS '
A. Collateral
All cash in banks and non - negotiable certificates of deposit are entirely insured or collateralized with securities held '
by the pledging financial institutions in the City's name. The California Government Code requires California banks
and savings and loan associations to secure the City's cash deposits by pledging securities as collateral. This '
California Government Code states that collateral pledged in this manner shall have the effect of perfecting a security
interest in such collateral superior to those of a general creditor. Thus, collateral for cash deposits are considered to
be held in the City's name. The City has waived collateral requirements for cash deposits which are fully insured up '
to $100,000 by the Federal Deposit Insurance Corporation (FDIC) or Savings Account Insurance Fund (SAIF).
At year end, the carrying amount of the City's cash deposits was $231,536 and the bank balance was $793,733. Of '
the bank balance, $200,160 was covered by federal depository insurance. The balance was covered by collateral as
discussed above.
B. Aufbori=d In vestments ,
The City's investment policy and Section 53601 of the California Government Code allow the City to invest in the I
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
Medium Term, Corporate Notes
'
Local Agency Long -Term Debt
Registered State Warrants
Mutual Funds
,
Deferred Compensation Plan assets are governed by federal law which allows for additional types of investments. ,
The City entered into no reverse repurchase agreements during the year ended June 30, 1993.
C. CreditRfsk, Ckt7>ingAmount, and Market Valueoflnvestments '
Investments represented by specific identifiable investment securities are classified as to the risk that the securities
instruments may be lost as follows: Category 1 includes investments that are insured or registered or for which '
securities are held by the City or its agent in the City's name; Category 2 includes any unregistered investment for
which the securities are held by the financial institution's trust department or agent in the City's name; Category 3
includes uninsured investments which are purchase and held by the Trustee, but not in the City's name. These '
categorizations do not address market valuation risks. Pooled investments are not required to be categorized.
18 1
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - CASH AND INVESTMENTS (Continued)
The City's investments at June 30, 1993 and 1992 comprise:
Financial Statement Presentation:
Cash and investments $18,127,854 $18,270,440
Restricted cash and investments 2,625,722 3,025,342
$20,753,576 $21,295,782
At June 30, 1993 the City had investments held by fiscal agents which were pledged for the payment of certificates
of participation, bonds, or employee compensation. The California Government Code requires these funds to be
invested in accordance with the applicable City ordinance, resolution or bond indenture, unless there are specific State
statutes governing their investment. All these funds have been invested only as permitted either the above Code or
applicable City ordinance.
19
1993
1992
Category
Category
Non
Carrying
Market
Carrying
2
3
Categorized
Value
value
Amount
City Treasury:
Cash in banks and
certificates ofdeposit
5231,536
5231,536
$231,536
$175,108
Securities of the U.S.
Government or its agencies
$2, 666 ,000
2,666,000
2,819,707
2,013,172
Mutual Fund
1,000,000
1,000,000
1,000,000
Local Agency Investment
Fund
14,850,000
14,850,000
14,850,000
17,186,000
Investments with Fiscal
Agents:
Deferred Compensation
157,929
157,929
157,929
98,668
Plan Mutual Funds
Mutual Fund
154,390
154,390
154,390
Securities of the U.S.
Government or its
1,693,721
1,835,143
1,822,834
agencies
$1,693,721
Total of Cash and
Investments
$1,693,721
$2,666,000
$16,393,855
520,753,576
$21,048,705
$21,295,782
Financial Statement Presentation:
Cash and investments $18,127,854 $18,270,440
Restricted cash and investments 2,625,722 3,025,342
$20,753,576 $21,295,782
At June 30, 1993 the City had investments held by fiscal agents which were pledged for the payment of certificates
of participation, bonds, or employee compensation. The California Government Code requires these funds to be
invested in accordance with the applicable City ordinance, resolution or bond indenture, unless there are specific State
statutes governing their investment. All these funds have been invested only as permitted either the above Code or
applicable City ordinance.
19
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 3 - INTERFUND BALANCES
The General Fund was owed the amounts below at June 30, 1993 by the funds listed:
Special Revenue Funds:
Traffic Safety
$17,021
Transportation Development Act
63,060
Federal Aid Urban Highway
13,716
Community Development Block Grant
6,639
Measure AA
1 8,644
Dublin Blvd Extension #1 Capital Projects Fund
147,729
Total Amount Owed General Fund
_ $266.809
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 1994.
NOTE 4 - FIXED ASSETS
Fixed assets balances and activity were as follows:
Balance
July 1, 1992 Additions
General Fixed Assets
Land
Equipment
Total
Enterprise Fund
Land
Building
Machinery & equipment
Total
Less accumulated depreciation
Net
Internal Service Fund
Machinery & equipment
Less accumulated depreciation
Net
$120,000
339,283 $10,732
4�_ 1$ 0.732
$6,842,037
15,453,847
422,510
22,718,394
_ � 21,42U,859
$483,103
372,615
110,488
_ $47�� -1,8
__. $144,287
$88,805
frill
Balance
Retirements June 30, 1993
$120,000
350,015
S470.01 5
$6,842,037
15,453,847
422,510
22,718,394
1,769,366
$20.949.028
$106,274 $521,116
$106,274 355,146
$165.970
' CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 5 - LONG TERM OBLIGATIONS
' A. BARTAfflr=cntlDublw Iloulcvard Assent District
' In 1990, the City and Bay Area Rapid Transit District (BART) entered into a Settlement Agreement regarding the
extensions of Dublin Boulevard to the future extension of Hacienda Drive to service a station to be constructed by
BART. In fiscal 1992, BART advanced the City $2,285,000 to purchase land and construct these extensions. These
' projects are included in this report in the Dublin Boulevard Extension Capital Project #1. In addition, the Dublin
Boulevard Extension Assessment District was formed in 1992 and contributed $1,987,972 to the City to aid in the
construction of the Dublin Boulevard extension.
r
r
J
J
BART's advances to the City, including interest, comprise $1,368,930 due December 31,1995 and $1,179,430 which
has no specific due date. Under the City's Agreement with BART, interest on these advances accrues at a rate based
on BART's average rate of return on its investments. The City expects to repay principal and interest on BART's
advances 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. In addition, the City has an agreement with Alameda County Surplus Property
Authority which requires the Authority to repay the advance due December 31, 1995 in the event the advance is not
repaid to the City.
The City has recorded BART's advances as general long -term debt at June 30,1993 because, despite the Agreement's
forgiveness clause, the City is confident there will be sufficient City revenues generated in the BART station area to
repay this debt.
B. AdvanceRcfun&ng of 1988 C6�jcalcs ofParticppation
On June 1, 1993, the City issued $18,525,000 principal amount of 1993 Certificates of Participation with interest rates
of 2.8% to 5.8 %. Of the proceeds, $16,123,345 plus an additional $1,891,702 of 1988 COP reserve fund monies were
used to advance refund the outstanding balance of the 1988 Certificates of Participation. These proceeds, used to
purchase U.S. government securities, were deposited in an irrevocable trust with an escrow agent to provide for all
future debt service payments on the 1988 COPS. As a result, the 1988 COPS are considered to be defeased and the
liability for those obligations has been removed from the Dublin Information, Inc. Enterprise Fund.
1 21
CITY OF DUBLIN '
Notes to General Purpose Financial Statements '
NOTE 5 - LONG TERM OBLIGATIONS (Continued)
Although the advance refunding resulted in the recognition of an accounting loss of $2,410,551 for the year ended
June 30, 1993, the City realized an economic gain because it reduced its aggregate debt service payments as shown I
below:
Total remaining aggregate debt service payments
'
including future interest payments, of the 1988
COP'S $29,205,620
1993 COPS 1988 COPS
Less total aggregate debt service payments,
'
including future interest payments, for the 1993
$16,365,000
COP'S 28,442,485
,
Reduction in aggregate debt service payments
over the next 17 years $763,135
'
The present value of the above reduction in aggregate debt service at the effective interest rate of the 1993 COD's is
(290,504)
approximately $681,359 which represents the economic gain obtained by the City as a result of the advance refunding.
Also, the 1993 COPs debt service schedule was structured to provide the majority of the savings in the first five years.
'
The 1993 CODs are repayable from facilities rents and are collateralized by the Dublin Civic Center. The 1993 COPS '
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 activity and balances comprised the following: '
Fiscal Year Ended I
22 1
June 30, 1993
June 30, 1992
1993 COPS 1988 COPS
1988 COPs
'
Principal balance at July 1
$16,365,000
$16,810,000
Less:
'
Discount on 1988 COPS, net of amortization
(290,504)
(307,838)
Principal retirements
(470,000)
(445,000)
'
Balance refunded on June 1, 1993, net of discount
(15,604,496)
Issuance of 1993 COPS
$18,525,000
'
Less discount on 1993 COPs, net of amortization
(674,432)
Balance at June 30, net of discount
$17,850,568 0
$16,057,162
'
22 1
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 5 - LONG TERM OBLIGATIONS (Continued)
C. MaturityScbedule
Annual debt service requirements for long term obligations including interest on 1993 COPS are as follows:
For the Year
Ending June 30
1994
1995
1996
1997
1998
Thereafter
Bart
Agreement
$1,368,930
1,179,430
$2:548,360
1993 COPS
$1,532,816
1,553,744
1,591,814
1,594,388
1,716,494
20,453,229
$28,442,485
Total
$1,532,816
1,553,744
2,960,744
1,594,388
1,716,494
21,632,659
$30i:990 _ , 845
D. S,pccia1Asscs=cnt . D,istricts
Special assessment districts formed within City limits have issued debt totaling $2,790,000 the proceeds of which 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 each district.
E. BLrcascad Dkbt
At June 30, 1993 the total balance of the 1985 and 1988 COPs which were defeased was $26,385,000. As required by
the defeasances, securities had been placed in irrevocable trusts with escrow agents to provide for all future debt
service payments on the 1985 and 1988 COPS, which are no longer considered liabilities of the City.
NOTE 6 - FUND BALANCES
The following funds had deficit balances at June 30, 1993:
Special Revenue Funds:
Traffic Safety
$17,021
Capital Projects Funds:
Capital Projects
5,772
Dublin Blvd Extension #1
135,995
Enterprise Fund:
Dublin Information Inc.
340,852
23
CITY OF DUBLIN ,
Notes to General Purpose Financial Statements
NOTE 6 - FUND BALANCES (Continued)
icitwil lbeeliminatedthrou gh the saleofunused TheDubl inBoul evardExtension# 1Capital ProjectFunddef parcels '
acquired during the construction of the project. The Dublin Information, Inc. deficit was caused by the refunding
as discussed in Note Sand is temporary. Other deficits will be eliminated through future revenues or through General '
Fund transfers.
NOTE 7 - TRANSFERS
,
The City participates in joint ventures with other municipal entities through Joint Powers Authorities (JPAs)
'
During the year ended June 30,
1993 the following operating transfers were made to reimburse
expenses or
expenditures:
sued. Obligations and liabilities of the JPAs are paid by the JPAs and are not those of the City or other members.
'
Fund Making Transfer
Fund Receiving Transfer
Amount
,
General Fund
Transportation Development Act
$13,666
'
General Fund
Dublin Information Inc. Enterprise Fund
26,319
'
Special Revenue Funds:
the Cities of Livermore, Pleasanton and Dublin for the purpose of providing general public transportation and
'
Federal Aid Urban Highway
General Fund
35,617
Park Dedication
SAFCO Grant Special Revenue Fund
727
SB300 Grant
General Fund
29,425
Equipment Replacement
General Fund
26,000
,
$131,754
'
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 JPA is governed by a board consisting of representatives from each member. Each board controls the
operations of its respective JPA, including selection ofmanagement 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 JPAs:
'
A. Livcrmoro-Amador- Valley TransitAutbority
'
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 ".
'
24 1
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 8 - JOINT POWERS AGENCIES (Continued)
]3. . Doughcrty Regional Firc Authority
The Cities of Dublin and San Ramon established the Dougherty Regional Fire Authority (DRFA) 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 ofDRFA and is responsible for DRFA's budget,
operations and finances.
C. Condensed Financpallnforlmation
Audited condensed financial information for the above authorities which had financial activity during
the year is presented below:
NOTE 9 - RISK MANAGEMENT
' The City participates in ABAG PLAN Corporation (ABAG), a non profit public benefit corporation established to
provide liability, employee bonds and property insurance coverage, claims and risk management, and legal defense
to its members. ABAG provides $5,000,000 of general liability coverage per occurrence and is responsible for paying
' claims in excess of the City's $25,000 deductible. Property coverage is provided through a replacement policy with
a $5,000 deductible, except for a vehicle loss which carries a $10,000 deductible. For the year ended June 30, 1993,
the City paid ABAG $93,657 in premiums.
' NOTE 10 - PENSION PLAN
' A. Plan D =cziption
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
members in California.
1 25
Transit
Authority
DRFA
Year Ended June 30:
1992
1993
Total assets
$13,460,698
$8,855,942
Total current liabilities
931,000
967,780
Total long -term liabilities
1,547,386
Total equity
12,529,698
6,340,776
Total revenue
3,935,974
4,774,353
Total expenditures
4,773,218
6,466,777
Contributed capital reductions
837,244
Net increase (decrease) in fund equity
(1,692,424)
NOTE 9 - RISK MANAGEMENT
' The City participates in ABAG PLAN Corporation (ABAG), a non profit public benefit corporation established to
provide liability, employee bonds and property insurance coverage, claims and risk management, and legal defense
to its members. ABAG provides $5,000,000 of general liability coverage per occurrence and is responsible for paying
' claims in excess of the City's $25,000 deductible. Property coverage is provided through a replacement policy with
a $5,000 deductible, except for a vehicle loss which carries a $10,000 deductible. For the year ended June 30, 1993,
the City paid ABAG $93,657 in premiums.
' NOTE 10 - PENSION PLAN
' A. Plan D =cziption
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
members in California.
1 25
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 10 - PENSION PLAN (Continued)
All qualified permanent 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 2.148% 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 contributes an employer contribution which is adjusted annually based upon
actuarial studies. For the year ended June 30, 1993 the employer rate for the City was 5.583 %. 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 determined by PERS and its Board of Administration.
B. Funding Status audProgn=
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 determine contributions to the PERS.
The pension benefit obligation was computed as part of an actuarial valuation performed by PERS as of June 30,
1992. Significant actuarial assumptions used in the valuation include (a) a rate of return on the investment of present
and future assets of 8.75% a year compounded annually, (b) projected salary increases of 4.5% a year compounded
annually, attributable to inflation, and (c) projected salary increases of 2.5% attributable to seniority /merit.
Total over - funded pension benefit obligation applicable to the City's employees at June 30, 1992 is as follows:
1
1
Pension benefit obligation:
,
Retirees and beneficiaries currently receiving benefits
and terminated employees not yet receiving benefits
$15,875
'
Current employees:
Accumulated employee contributions including
508,111
,
allocated investment
Employer- financed vested
410,343
'
Employer - financed nonvested
82,393
Total pension benefit obligation 1,016,722 '
Net assets available for benefits, at cost
(Market value was $1,227,580 at June 30, 1992) 1,132,606
Over - funded pension benefit obligation $115
26 '
CITY OF DUBLIN
Notes to General Purpose Financial Statements
' NOTE 10 - PENSION 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, 1993 and 1992:
' 1993 1992
' Percent of Percent of
Covered Covered
Amount Payroll Amount Payroll
' Covered payroll $1,529,925 $1,507,749
Total payroll $1,747,849 $1,751,039
Normal cost, including
employee contributions
$196,574
12.8%
$202,138
13.4%
Amortized over - funded
pension benefit obligation
(21,433)
(1.4 %)
(43,792)
(2.9 %)
Total
$175,141
11.4%
$158,346
10.5%
City contributions
$68,185
4.4%
$52,803
3.5%
Employee contributions
106,956
7.0%
105,543
7.00/9
Total
$175,141
11.4%
$158,346
10.5%
D. Trendlnformation
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.
W
CITY OF DUBLIN
Notes to General Purpose Financial Statements '
NOTE 10 - PENSION PLAN (Continued) 1
For the fiscal years ended June 30, 1992, 1991 and 1990, 1989, net assets available for benefits funded 111 %, 121 %,
115.7% and 112.1% respectively, of the pension plan's total pension benefit obligation and the overfunded pension ,
benefit obligation represented 7.0%,10.6%,7,4% and 5.1% respectively, of covered payroll. In addition, for the four
years ended June 30; 1993, 1992 and 1991, 1990 the City's contributions to the System, all made in accordance with
actuarially determined requirements, were 11.5 %, 10.5%,12.8% and 12.8% 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.
NOTE 11 - COMMITMENT AND CONTINGENT LIABILITIES
As part of an Agreement between public agencies, and in accordance with Federal Highway Administration '
requirements, the City of Dublin, the City of Pleasanton and the Alameda County Surplus Property Authority
reached an agreement under which the City of Pleasanton is constructing a further extension of Dublin Boulevard
in the City of Dublin. Total cost of this project is presently expected to be $3,800,000, which is due within 12.5 years '
after the completion and acceptance of the project by the City. However, if an assessment district is formed in this
area of the City, the Agreement provides that the cost of the project will be borne by the assessment district. If no
assessment district is formed and the City has not repaid the City of Pleasanton by the due date, an agency of the '
County of Alameda will become responsible for half the cost of the project.
At June 30, 1993, the City of Pleasanton had expended approximately $2,674,558 on this project, which is presently '
expected to be completed in December 1993.
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.
28 1
1
1
CITY OF DUBLIN
GENERAL FUND
1 The General Fund is used to account for all financial resources except those required to be accounted for in another fund.
n
1
7
Ll
1 29
CITY OF DUBLIN
GENERAL FUND
COMPARATIVE BALANCE SHEETS
JUNE 30, 1993 AND 1992
ASSETS
Cash and investments
Receivables:
Accounts
Accrued interest
Due from other governments
Due from other funds
Prepaid expenses
Total Assets
LIABILITIES
Accounts payable
Accrued wages
Accumulated unpaid general leave
Deposits payable
Deferred revenues
Due to other governments
Total Liabilities
FUND BALANCES
Reserved for prepaid expenses
Designated for authorized expenditures
Total Fund Balances
Total Liabilities and Fund Balances
30
1993
$16,894,767
295,299
209,757
333,836
266,809
$18,006,313
$1,108,858
114,037
116,981
135,013
147,121
1,729,876
5,845
16,270,592
16,276,437
$18,006,313
1992
$15,684,894
224,206
242,570
253,256
355,102
$16,761,967
$898,538
96,773
116,175
170,994
1,307,130
1,939
15,452,898
15,454,837
$16,761,967
'
CITY OF DUBLIN
GENERAL FUND
STATEMENTS OF REVENUES, EXPENDITURES
'
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
'
FOR THE YEAR ENDED JUNE 30, 1993
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 1992
'
1993
1992
Variance
Favorable
Budget
Actual (Unfavorable)
Actual
REVENUES
Taxes
$9,664,573
$9,875,706
$211,133
$9,700,250
'
Licenses and permits
225,200
281,921
56,721
246,459
Intergovernmental
918,205
919,902
1,697
864,647
Charges for services
1,151,045
1,020,631
(130,414)
939,833
'
Use of money and property
1,008,450
878,969
(129,481)
1,038,503
Fines and forfeits
22,000
24,414
2,414
25,780
Other revenue
305,246
60,377
(244,869)
258,944
'
Total Revenues
13,294,719
13,061,920
(232,799)
13,074,416
EXPENDITURES
'
Current:
General government
3,266,220
3,042,107
224,113
3,335,919
'
Public safety
Highways and streets
5,894,867
636,401
5,801,802
595,254
93,065
41,147
5,404,855
841,414
Health and welfare
9,743
7,271
2,472
29,526
Community development
1,520,556
1,297,148
223,408
1,438,474
Culture and liesure
1,790,038
1,733,786
56,252
1,682,262
'
Capital outlay
478,643
204,239
274,404
231,877
'
Total Expenditures
13,596,468
12,681,607
914,861
12,964,327
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES
(301,749)
380,313
682,062
110,089
'
OTHER FINANCING SOURCES (USES)
Operating transfers in
91,042
91,042
15,023
Operating transfers (out)
(6,715)
(39,985)
(33,270)
(50,064)
'
Contributions in aid of construction
390,230
390,230
Total Other Financing Sources (Uses)
(6,715)
441,287
448,002
(35,041)
EXCESS (DEFICIENCY) OF REVENUES
AND OTHER FINANCING SOURCES
OVER (UNDER) EXPENDITURES AND
'
OTHER FINANCING USES
($308,464)
821,600
$1,130,064
75,048
Adjustments to budgetary basis
51,907
'
Fund balances, beginning of year
15,454,837
15,327,882
Fund balances, end of year
$16,276,437
$15,454,837
1
'
31
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL
DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 1993
32
L
r
1
1
1
1
1
1993
Variance
Favorable
General government:
Budget
Actual
(Unfavorable)
City Council
$108,302
$108,301
$1
City Manager
472,887
463,249
9,638
City Attorney
189,575
179,355
10,220
Finance department
241,749
205,738
36,011
Building management
334,912
318,445
16,467
Insurance cost center
167,021
167,020
1
Elections cost center
24,339
24,339
Nondepartmental
8,465
122
8,343
Facilities rents
1,718,970
1,575,538
143,432
Total General Government
3,266,220
3,042,107
224,113
Public safety:
Police
2,956,305
2,920,867
35,438
Crossing guards
35,346
29,622
5,724
Traffic signal and street lighting
69,059
69,059
Animal control
119,395
119,394
1
Disaster preparedness
41,812
31,913
9,899
Fire services JPA
2,672,950
2,630,947
42,003
Total Public Safety
5,894,867
5,801,802
93,065
Highwgs and streets:
Public works administration
Street maintenance
279,823
177,674
269,943
170,860
9,880
6,814
Street tree maintenance
52,630
43,176
9,454
Street landscape maintenance
124,774
109,775
14,999
Paratransit services
1,500
1,500
Total Highways and Streets
636,401
595,254
41,147
Health and welfare:
Vector control
7,123
7,123
Waste management
2,620
148
2,472
Total Health and Welfare
9,743
7,271
2,472
Community development:
Planning
954,281
839,824
114,457
Building & safety
254,027
246,068
7,959
Engineering
282,948
205,915
77,033
Economic development
29,300
5,341
23,959
Total Community Development
1,520,556
1,297,148
223,408
Culture and leisure:
Library services
164,870
164,870
Heritage Center
12,080
12,080
Cultural activities
8,000
8,000
Park maintenance
576,092
576,092
Community cable television
49,000
49,000
Recreation administration
168,879
162,688
6,191
Playgrounds
82,443
68,682
13,761
Shannon center
112,161
111,826
335
Preschool
36,224
33,068
3,156
Teens program
28,382
27,790
592
Field scheduling
112,417
93,677
18,740
Youth sports
24,879
22,292
2,587
Special events
29,680
28,847
833
Senior center
104,284
98,559
5,725
Recreation instruction
86,428
86,972
(544
Aquatics
194,219
201,423
(7,2043
Total Culture and Leisure
1,790,038
1,733,786
56,252
Capital outlay:
Community improvements
67,000
61,189
5,811
Parks
21,842
14,005
7,837
Street construction and improvements
389,801
129,045
260,756
Total Capital Outlay
478,643
204,239
274,404
Total Expenditures
$13,596,468
$12,681,607
$914,861
32
L
r
1
1
1
1
1
I I
fl
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.
Transportation Development Act Fund - Established to account for Transportation Development Act grant receipts
and construction expenditures for bike paths and access ramps for the handicapped.
Special Criminal Activity Fund - Established to account for receipt of funds derived from asset forfeitures.
Federal Aid Urban Highway 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.
SAFCO Grant Fund - Established to account for grant receipts from the State used for capital improvements on parks.
Maintenance Assessment Districts - Established to account for revenue and related expenditures of lighting and
landscape activities.
SB300 Grant Fund - Established to account for grant receipts from the State used for capital improvements on local
streets.
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 Fund - Established to account for the use of funds received which are levied by the County
pursuant to a charter amendment and are provided for recycling and related activities.
33
ASSETS
Cash and investments
Accounts receivable
Due from other governments
Total Assets
LIABILITIES
Accounts payable
Due to other funds
Total Liabilities
FUND BALANCES (DEFICITS)
Unreserved:
Designated for authorized expenditures
Undesignated fund balances (deficits)
Total Fund Balances (Deficits)
Total Liabilities and Fund Balances
CITY OF DUBLIN
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEETS
'
JUNE 30, 1993
WITH COMPARATIVE AMOUNTS AS OF JUNE 30, 1992
'
Federal
Transportation Special Aid
Community
Sales
Tax
'
Traffic
State
Development Criminal Urban
Development
Park
Measure
Safety
Gas Tax
Act Activity Highway
Block Grant
Dedication
B
$130,769
$16,593
$91,796
$22,809
'
$72,058
$6,636
$13,716
'
$130,769
$72,058 $16,593 $13,716
$6,636
$91,796
$22,809
1
$19,983
$8,798 $1,054
$3,832
'
$17,021
63,060 $13,716
$6,636
'
17,021
19,983
71,858 1,054 13,716
6,636
3,832
'
110,786
$91,796
(17,021)
200 15,539
18,977
'
(17,021)
110,786
200 15,539
91,796
18,977
$130,769
$72,058 $16,593 $13,716
$6,636
$91,796
$22,809
'
1
34
'
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
MAINTENANCE DISTRICTS
Doughcrty Storm
Measure Safco Street Stagecoach Landscape SB 300 Water Measure D
AA Grant Lighting Landscape & Lighting Grant Runoff Recycling
TOTALS
1993 1992
$189,403 $32,390 $141,323 $142,936 $33,111 $26,513 $827,643 $813,934
$22,344 2,104 683 344 83,331 2,584 190,084 3,100
13,716
$22,344 $191,507 $33,073 $141,667 $226,267 $35,695 $26,513 $1,031,443 $817,034
$3,700
18,644
22,344
$46,003 $15,385 $4,773 $226,267 $6,352 $56
46,003 15,385 4,773 226,267 6,352 56
$336,203 $181,182
119,077 353,602
455,280 534,784
145,504 17,688 29,343 26,457 421,574
468,475
136,894 154,589
(186,225)
145,504 17,688 136,894 29,343 26,457 576,163
282,250
$191,507 $33,073 $141,667 $226,267 $35,695 $26,513 $1,031,443
$817,034
35
REVENUES
Sales and use taxes
Intergovernmental
Charges for service
Use of money and property
Fines and forfeits
Other revenue
Special assessments
Total Revenues
EXPENDITURES
General government
Public safety
Police
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street sweeping
Street landscaping maintenance
Street maintenance
Community development - Engineering
Waste management
Capital outlay
San Ramon Road improvements, phase four
Senior Center kitchen upgrade
Dublin Boulevard extension #1
Annual street overlay project
Dublin High girls athletic field renovation
Street subdrain project
Dublin Boulevard Bridge
Kalideseope Center project
Arroyo Vista playgrounds
Handicapped ramps
Neilsen School play area
Wells /Cronin play area
Murry School baseball diamond
Dublin Swim Center
Shannon Park
Downtown street light additions
Data processing project
North Avenue bike path
Heritage Center
Dublin Boulevard Extension #2
Shannon NPDES pilot project
Stagecoach Landscape upgrade
Dougherty Road bike path project
Total Expenditures
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers (out)
Total Other Financing Sources (Uses)
EXCESS OF REVENUES AND OTHER
FINANCING SOURCES OVER (UNDER)
EXPENDITURES AND OTHER FINANCING USES
Fund balances (deficits), beginning of the year
Fund balances (deficits), end of the year
CITY OF DUBLIN '
SPECIAL REVENUE FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES '
FOR THE YEAR ENDED JUNE 30, 1993
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1992
26,366 443,420 147,059 5,625 114,483 30,149 4,474 115,349
2,600
8,297
'
25,osa
Transportation
Special
Federal Community
Sales'
Traffic State
Development
Criminal
Aid Urban Development Park
Tax
Safety Gas Tax
Act
Activity
Highway Block Grant Dedication
Measure
$430,034
$147,059
$114,483 $30,149
$110,838
11,841
$1,142
$4,474
4,511
526,366
'
1,545
4,483
26,366 443,420 147,059 5,625 114,483 30,149 4,474 115,349
2,600
8,297
'
25,osa
78,106
135,265
6,000
'
8,660
141,754 '
98,585
'
23,781
6,368 2,450
59,285
8,102
69,465
25,084 385,901 72,065 16,399
1,282 57,519 74,994 (10,774) 114,483
13,666
(35,617)
13,666 (35,617)
1,282 57,519 88,660 (10,774) 78,866
(18,303) 53,267 (88,460) 26,313 (78,866)
($17,021) $110,786 $200 $15,539
36
30,149 2,450 141,754 '
2,024 (26,405)'
(727) '
(727)
1,297 (26,405)'
90,499 45,382
$91,796 $18,977 '
MAINTENANCE DISTRICTS
Dougherty
Storm
TOTALS
Measure
Safco Street
Stagecoach
Landscape
SB 300
Water
Measure D
AA
Grant Lighting
Landscape
& Lighting
Grant
Runoff
Recycling
1993
1992
$110,838
$105,484
$22,344
$1,135,832
$635
1,880,536
1,625,118
150,933
150,933
145,418
$7,038
$881
$6,359
1,049
$3,812
41,107
36,494
26,366
32,721
40
2,683
8,751
454,584
175,525
62,829
53,870
292,224
275,890
22,344
182,603
63,710
62,912
1,135,832
152,617
3,812
2,510,755
2,675,709
113
21,205
23,918
3,142
8,297
6,353
179,806
204,890
184,737
506
55
55
616
4,306
2,678
6,984
4,884
71,190
71,190
53,553
57,875
189,534
116,988
135,265
120,090
4,054
1,009
1,285
100,098
112,446
102,733
69,458
69,458
8,660
954,723
21,927
242,366
242,366
74,586
83,331
225,085
139,240
369
98,585
6,404
18,845
5,000
23,781
33,972
13,848
45,252
20,469
8,818
6,407
65,563
59,285
8,102
69,465
22,344
22,344
573,271
573,271
635
635
2,471
2,471
75,159
22,344
184,366
61,394
61,893
898,968
172,036
90,663
2,165,466
2,020,691
(1,763)
2,316
1,019
236,864
(19,419)
(86,851)
345,289
655,018
$727
14,393
35,950
(29,425)
(65,769)
(15,023)
727
(29,425)
(51,376)
20,927
727 (1,763)
2,316
1,019
207,439
(19,419)
(86,851)
293,913
675,945
(727) 147,267
15,372
135,875
(207,439)
48,762
113,308
282,250
(393,695)
$145,504
$17,688
$136,894
$29,343
$26,457
$576,163
$282,250
37
'
CITY OF DUBLIN
BUDGETED SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
t
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1993
'
TRAFFIC SAFETY STATE GAS TAX
ariance
Favorable
Variance
Favorable
'
Budget
Actual (Unfavorable) Budget
Actual
(Unfavorable)
REVENUES
Sales and use taxes
Intergovernmental
$436,000
$430,034
($5,966)
'
Charges for service
Use of money and property
400
11,841
11,441
Fines and forfeits
$34,730
$26,366 ($8,364)
Other revenue
1,545
1,545
'
Special assessments
Total Revenues
34,730
26,366 (8,364) 436,400
443,420
7,020
'
EXPENDITURES
General government
Public safety
Police
'
Traffic signals and street lights
25,084
25,084
Highways and streets
Public works administration
Street tree maintenance
'
Street sweeping
Street landscaping maintenance
78,106
78,106
Street maintenance
162,640
135,265
27,375
Community development - Engineering
6,000
6,000
'
Waste management
Capital outlay
San Ramon Road improvements, phase four
8,660
8,660
Dublin Boulevard extension #1
,
Annual street overlay project
Street subdrain project
102,495
98,585
3,910
Arroyo Vista playgrounds
Dublin Swim Center
'
Downtown street light additions
67,350
59,285
8,065
Data processing project
Village Parkway traffic signals
10,000
10,000
North Avenue bike path
,
Heritage Center
Dublin Boulevard extension #2
Shannon NPDES pilot project
Stagecoach Landscape upgrade
'
Total Expenditures
25,084
25,084 435,251
385,901
49,350
EXCESS OF REVENUES OVER
'
(UNDER) EXPENDITURES
9,646
1,282 (8,364) 1,149
57,519
56,370
OTHER FINANCING SOURCES (USES)
Operating transfers in
'
Operating transfers (out)
Total Other Financing Sources (Uses)
'
EXCESS OF REVENUES AND OTHER
FINANCING SOURCES OVER EXPENDITURES
AND OTHER FINANCING USES
$9,646
1,282 ($8,364) $1,149
57,519
$56,370
,
Fund balances (deficits), beginning of the year
(18,303)
53,267
Fund balances (deficits), end of year
($17,021) $110,786
'
38
1
TRANSPORTATION DEVELOPMENT ACT
SPECIAL CRIMINAL ACTIVITY
FEDERAL AID URBAN HIGHWAY
'
Variance
Favorable
Variance
Favorable
Variance
Favorable
Budget
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
$75,000
$147,059
$72,059
$114,759
$114,483
($276)
$1,160
$1,142
($18)
8,000
4,483
(3,517)
'
75,000
147,059
72,059
9,160
5,625
(3,535)
114,759
114,483
(276)
2,600
2,600
'
13,942
8,297
5,645
9,700
8,102
1,598
'
75,000
69,465
5,535
77,600
72,065
5,535
23,642
16,399
7,243
(2,600)
74,994
77,594
(14,482)
(10,774)
3,708
114,759
114,483
(276)
13,666
13,666
(35,617)
(35,617)
'
13,666
13,666
(35,617)
(35,617)
'
($2,600)
88,660
$91,260
($14,482)
(10,774)
$3,708
$114,759
78,866
($35,893)
(88,460)
26,313
(78,866)
$200
$15,539
'
(Continued)
39
CITY OF DUBLIN
BUDGETED SPECIAL REVENUE
COMBINING STATEMENT OF REVENUES,
FUNDS
EXPENDITURES
'
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30,
1993
'
COMMUNITY
DEVELOPMENT
BLOCK GRANT PARK DEDICATION
Variance
Favorable
ariance
Favorable
,
REVENUES
Budget
Actual (Unfavorable) Budget
Actual
(Unfavorable)
Sales and use taxes
Intergovernmental
$110,131
$30,149
,
($79,982)
Charges for service
Use of money and property
$3,090
$4,474
$1,384
Fines and forfeits
Other revenue
'
Special assessments
Total Revenues
110,131
30,149 (79,982) 3,090
4,474
1,384
,
EXPENDITURES
General government
Public safety
Police
'
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
'
Street sweeping
Street landscaping maintenance
Street maintenance
Community development - Engineering
,
Waste management
Capital outlay
San Ramon Road improvements, phase four
Dublin Boulevard extension #1
'
Annual street overlay project
Street subdrain project
Arroyo Vista playgrounds
23,781
23,781
Dublin Swim Center
86,350
6,368 79,982 38,800
2,450
36,350
'
Downtown street light additions
Data processing project
Village Parkway traffic signals
North Avenue bike path
'
Heritage Center
6,331
6,331
Dublin Boulevard extension #2
Shannon NPDES pilot project
Stagecoach Landscape upgrade
'
Total Expenditures
EXCESS OF REVENUES OVER
110,131
30,149 79,982 45,131
2,450
42,681
,
(UNDER) EXPENDITURES
(42,041)
2,024
44,065
OTHER FINANCING SOURCES (USES)
Operating transfers in
'
Operating transfers (out)
(727)
(727)
Total Other Financing Sources (Uses)
(727)
(727)
'
EXCESS OF REVENUES AND OTHER
FINANCING SOURCES OVER EXPENDITUR
AND OTHER FINANCING USES
($42,041)
1,297
$43,338
'
Fund balances (deficits), beginning of the year
90,499
Fund balances (deficits), end of year
$91,796
'
40
'
108,000
115,349
'
SALES TAX MEASURE B
MEASURE AA
STREET LIGHTING
Variance
Variance
Variance
'
Favorable
Favorable
Favorable
Budget Actual (Unfavorable)
Budget Actual (Unfavorable)
Budget Actual (Unfavorable)
'
$108,000 $110,838 $2,838
$157,829 $22,344 ($135,485)
(33,754)
(26,405)
4,511 4,511
$7,300 $7,038 ($262)
'
108,000
115,349
'
141,754
141,754
141,754
141,754
'
(33,754)
(26,405)
'
($33,754)
(26,405)
45,382
'
$18,977
4,000 40 (3,960)
172,246 175,525 3,279
7,349 157,829 22,344 (135,485) 183,546 182,603 (943)
179,806 179,806
506 506
4,356 4,054 302
157,829 22,344 135,485
157,829 22,344 135,485 184,668 184,366 302
7,349 (1,122) (1,763) (641)
$7,349
41
($1,122)
(1,763) ($641)
147,267
$145,504
(Continued)
REVENUES
Sales and use taxes
Intergovernmental
Charges for service
Use of money and property
Fines and forfeits
Other revenue
Special assessments
CITY '
OF DUBLIN
BUDGETED SPECIAL REVENUE FUNDS '
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1993 '
DOUGHERTY LANDSCAPE
STAGECOACH LANDSCAPE AND LIGHTING
Variance Variance-
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$850
59,901
Total Revenues
60,751
EXPENDITURES
1
General government
2,683
Public safety
'
Police
53,870
Traffic signals and street lights
10,590
Highways and streets
62,912
Public works administration
56
Street tree maintenance
4,307
Street sweeping
Street landscaping maintenance
54,638
Street maintenance
Community development - Engineering
1,402
Waste management
Capital outlay
San Ramon Road improvements, phase four
Dublin Boulevard extension #1
Annual street overlay project
Street subdrain project
Arroyo Vista playgrounds
Dublin Swim Center
Downtown street light additions
Data processing project
Village Parkway traffic signals
North Avenue bike path
Heritage Center
Dublin Boulevard extension #2
Shannon NPDES pilot project
Stagecoach Landscape upgrade
7,051
Total Expenditures
67,454
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
(6,703)
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers (out)
Total Other Financing Sources (Uses)
EXCESS OF REVENUES AND OTHER
FINANCING SOURCES OVER EXPENDITUR
AND OTHER FINANCING USES
($6,703)
Fund balances (deficits), beginning of the year
Fund balances (deficits), end of year
$881 $31 $6,430
$6,359
($71)
1
900
2,683
1,783
'
62,829 2,928 50,085
53,870
3,785
10,590
63,710 2,959 57,415
62,912
5,497
'
55
1 56
55
1
4,306
1 6,884
2,678
'
4,206
53,553
1,085 68,465
57,875
10,590
1,009
393 1,285
1,285
'
2,471 4,580
[1
61,394 6,060 76,690 61,893 14,797 '
2,316 9,019 (19,275) 1,019 20,294
2,316 $9,019 ($19,275)
15,372
$17,688
42
r
1,019
$20,294 '
135,875
$136,894
'
1
'
SB 300 GRANT
STORM WATER RUNOFF
MEASURE D RECYCLING
Variance
Variance
Variance
Favorable
Favorable
Favorable
'
Budget
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
$882,577
$1,135,832
$253,255
$635
$635
144,900
150,933
$6,033
'
3,600
1,049
(2,551)
$4,280
$3,812
($468)
7,000
(7,000)
'
882,577
1,135,832
253,255
149,135
152,617
3,482
11,280
3,812
(7,468)
113
113
24,459
21,205
3,254
'
74,390
71,190
3,200
118,482
100,098
18,384
'
88,170
69,458
18,712
242,366
242,366
83,331
83,331
'
573,272
573,271
1
635
635
'
898,969
898,968
1
193,620
172,036
21,584
112,629
90,663
21,966
(16,392)
236,864
253,256
(44,485)
(19,419)
25,066
(101,349)
(86,851)
14,498
'
(29,425)
(29,425)
(29,425)
(29,425)
'
207,439
$223,831
($16,392)
.($44,485)
(19,419)
$25,066
($101,349)
(86,851)
$14,498
(207,439)
48,762
113,308
$29,343
$26,457
43
(Continued)
REVENUES
Sales and use taxes
Intergovernmental
Charges for service
Use of money and property
Fines and forfeits
Other revenue
Special assessments
Total Revenues
EXPENDITURES
General government
Public safety
Police
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street sweeping
Street landscaping maintenance
Street maintenance
Community development - Engineering
Waste management
Capital outlay
San Ramon Road improvements, phase four
Dublin Boulevard extension #1
Annual street overlay project
Street subdrain project
Arroyo Vista playgrounds
Dublin Swim Center
Downtown street light additions
Data processing project
Village Parkway traffic signals
North Avenue bike path
Heritage Center
Dublin Boulevard extension #2
Shannon NPDES pilot project
Stagecoach Landscape upgrade
Total Expenditures
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers (out)
Total Other Financing Sources (Uses)
EXCESS OF REVENUES AND OTHER
FINANCING SOURCES OVER EXPENDITUR
AND OTHER FINANCING USES
Fund balances (deficits), beginning of the year
Fund balances (deficits), end of year
CITY OF DUBLIN
BUDGETED SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1993
TOTALS
n 9(19 on9 A C1n -
27,172 23,918
13,942
8,297
variance
204,890
618
Favorable
Budget
Actual
(Unfavorable)
$108,000
$110,838
$2,838
1,776,931
1,880,536
103,605
144,900
150,933
6,033
27,110
41,107
13,997
34,730
26,366
(8,364)
19,900
8,751
(11,149)
282,232
292,224
9,992
n 9(19 on9 A C1n -
27,172 23,918
13,942
8,297
204,890
204,890
618
616
11,191
6,984
74,390
71,190
201,209
189,534
162,640
135,265
131,525
112,446
88,170
69,458
8,660
8,660
242,366
242,366
225,085
225,085
102,495
98,585
23,781
23,781
125,150
8,818
67,350
59,285
9,700
8,102
10,000
75,000
69,465
164,160
22,344
573,272
573,271
635
635
3,254
5,645
2
4,207
3,200
11,675
27,375
19,079
18,712
3,910
116,332
8,065
1,598
10,000
5,535
141,816
1
1
1
0
n
7
(156,649) 345,289
501,938
'
13,666
13,666
(65,769)
(65,769)
'
(52,103)
(52,103)
'
($156,649) 293,186
449,835
282,977
,
$576,163
44
CITY OF DUBLIN
CAPITAL PROJECTS FUNDS
Capital Projects Fund - To account for acquisitions and constructions of capital facilities other than those financed by
proprietary funds.
The Dublin Boulevard Extension #1 Capital Projects Fund was established to account for infrastructure
improvements financed with resources received from other governmental agencies.
The Dublin Boulevard Extension #2 Capital Projects Fund was established to account for infrastructure
improvements financed by the Dublin Boulevard Assessment District.
45
1
CITY OF DUBLIN
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEETS
'
JUNE 30, 1993
WITH COMPARATIVE AMOUNTS AS OF JUNE
30, 1992
'
Dublin
Dublin
TOTALS
Capital Boulevard
Boulevard
'
Projects Extension #1
Extension #2
1993
1992
ASSETS
'
Cash and investments
$84,777
$17,526
$102,303
$1,413,278
'
Receivables:
Accounts
121,796
121,796
1,279
'
Interest
$751
751
41,651
Condemnation deposits
32,600
32,600
32,700
,
Total Assets
$206,573 $33,351
$17,526
$257,450
$1,488,908
'
LIABILITIES
Accounts payable
$21,617
$2,528
$24,145
$471,956
'
Deposits payable
$101,549
101,549
95,865
Deferred revenues
110,796
110,796
'
Due to other funds
147,729
147,729
'
Total Liabilities
212,345 169,346
2,528
384,219
567,821
FUND BALANCES
Reserved for condemnation deposits
32,600
32,600
32,700
Undesignated
(5,772) (168,595)
14,998
(159,369)
888,387
'
Total Fund Balances (Deficit)
(5,772) (135,995)
14,998
(126,769)
921,087
'
Total Liabilities and Fund Balances (Deficit) $206,573 $33,351
$17,526
$257,450
$1,488,908
1
46
'
CITY OF DUBLIN
CAPITAL PROJECTS FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES (DEFICITS)
FOR THE YEAR ENDED JUNE 30, 1993
' WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1992
REVENUES
Use of money and property
Intergovernmental
Other revenue
' Total Revenues
EXPENDITURES
Capital outlay:
Nielsens School athletic play field
' Dublin High School football renovation
Dougherty Road improvements
Dublin Boulevard /Silvergate Drive improvements
Dublin Boulevard improvements /San
' Ramon Road to Village Parkway
Dublin Boulevard Extension #1
Dublin Boulevard Extension #2
' Dougherty Hills Park
Total Expenditures
' EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
' OTHER FINANCING SOURCES
Operating transfers in
Operating transfers (out)
Proceeds from BART advance
Contribution in aid of construction
Total Other Financing Sources
' EXCESS OF REVENUES AND OTHER
FINANCING SOURCES OVER (UNDER)
' EXPENDITURES
Fund balances (deficits), beginning of year
' Fund balances (deficits), end of year
21,000
36,433
198
Dublin
Dublin
TOTALS
3,702
Capital
Boulevard
Boulevard
30,395
(95,335)
Projects
Extension #1
Extension #2
1993
1992
$5,768
$15,060
$16,131
$36,959
$50,157
3,559,400
10,437
10,437
(3,223,053)
55,365
55,365
286,190
61,133
15,060
26,568
102,761
336,347
21,000
36,433
198
198
9,079
3,702
3,702
107,094
5,043
5,043
30,395
(95,335)
201,653 201,653
2,240,103
39,125
889,896 929,021
1,115,296
11,000
11,000
59,068
201,653 889,896 1,150,617
3,559,400
2,065
(186,593) (863,328) (1,047,856)
(3,223,053)
2,453
(35,950)
2,285,000
4,239,475
2,065
(186,593)
(863,328)
(1,047,856)
1,016,422
(7,837)
50,598
878,326
921,087
(95,335)
($5,772)
($135,995)
$14,998
($126,769)
$921,087
47
REVENUES
Use of money and property
Intergovernmental
Other revenue
Total Revenues
EXPENDITURES
Capital outlay;
Dougherty Road improvements
Dublin Boulevard /Silvergate Drive improvements
Dublin Boulevard improvements /San
Ramon Road to Village Parkway
Dublin Boulevard Extension //1
Dublin Boulevard Extension #2
Dougherty Hills Park
Total Expenditures
EXCESS OF REVENUES OVER
(UNDER) EXPENDITURES
Fund balances (deficits), beginning of year
Fund balances (deficits), end of year
CITY OF DUBLIN
BUDGETED CAPITAL PROJECTS FUNDS '
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES (DEFICITS)
BUDGET AND ACTUAL '
FOR THE YEAR ENDED JUNE 30, 1993
CAPITAL PROJECTS DUBLIN BOULEVARD EXTENSION t/1'
Budget
Actual
Favorable
$10,290
$5,768
132,298
55,365
142,588
61,133
9,166
3,702
48,941
39,125
11,000
111,934
198
3,702
5,043
39,125
11,000
59,068
Favorable
(Unfavorable) Budget
($4,522)
(76,933)
(81,455)
8,968
43,898
$201,653
52,866 201,653
$30,654 2,065 ($28,589) ($201,653)
48
(7,837)
($5,772)
Variance
Favorable
Actual
(Unfavorable
$15,060
$15,060
15,060
15,060
'
201,653
201,653
$15,060 '
(186,593)
50,598
'
($135,995)
DUBLIN BOULEVARD EXTENSION #2
TOTAL
' 889,895 889,896
(1) 1,203,482 1,150,617 52,865
($889,895) (863,328) $26,567 ($1,060,894) (1,047,856) $13,038
878,326 921,087
$14,998 ($126,769)
' 49
Variance
Variance
Favorable
Favorable
t
Budget Actual
(Unfavorable)
Budget
Actual
(Unfavorable)
$16,131
$16,131
$10,290
$36,959
$26,669
10,437
10,437
10,437
10,437
'
132,298
55,365
(76,933)
26,568
26,568
142,588
102,761
(39,827)
9,166
198
8,968
3,702
3,702
'
48,941
5,043
43,898
201,653
201,653
$889,895 889,896
(1)
929,020
929,021
(1)
11,000
11,000
' 889,895 889,896
(1) 1,203,482 1,150,617 52,865
($889,895) (863,328) $26,567 ($1,060,894) (1,047,856) $13,038
878,326 921,087
$14,998 ($126,769)
' 49
1
1
1
1
1
1
1
1
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.
San Ramon Road Specific Improvement Plan Agency Fund - To account for special assessments collected to repay
the Special Assessment Bonds which were issued to fund improvements to San Ramon Road and Amador Valley
Boulevard. These Bonds were retired July 2, 1993.
Employee Deferred Compensation Plan - To account for assets of the City's Employee Deferred Compensation Plan.
Dublin Boulevard Extension Assessment District Fund - To account for the special assessment established to fund
the improvements to Dublin Boulevard.
51
CITY OF DUBLIN
AGENCY FUNDS
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 1993
San Ramon Road Specific Improvement Plan
Restricted cash and investments
Accounts receivable
Total Assets
Due to bondholders
Employee Deferred Compensation Plan
Restricted cash and investments
Deferred compensation payable
Dublin Boulevard Extension Assessment District
Restricted cash and investments
Accounts receivable
Total Assets
Accounts payable
Due to other funds
Due to bondholders
Total Liabilities
Total Agency Funds
Restricted cash and investments
Accounts Receivable
Total Assets
Accounts payable
Due to other funds
Due to bondholders
Deferred compensation payable
Total Liabilities
Balance
June 30, 1992 Additions Reductions
$923,237
$74,034 ($468,298)
13
318
$923,250
$74,352 ($468,298)
$923,250
$74,352 ($468,298)
Balance
June 30, 1993
$528,973
331
$529,304
$529,304
$98,668
$62,902
($3,641)
$157,929
$98,668
$62,902
($3,641)
$157,929
$282,451
$100,743
($171,276)
$211,918
$1,304,369
168
$10,963
168
$282,451
$100,911
($171,276)
$212,086
$10,963
62,902
($10,963)
$238,165
1,500
(1,500)
269,988
$100,911
(158,813)
$212,086
$282,451
$100,911
($171,276)
$212,086
$1,304,356
$237,679
13
486
$1,304,369
$238,165
$10,963
1,500
1,193,238
$175,263
98,668
62,902
$1,304,369
$238,165
6%
($643,215)
$898,820
499
($643,215)
$899,319
($10,963)
(1,500)
(627,111)
$741,390
(3,641)
157,929
($643,215)
$899,319
1
CITY OF DUBLIN
'
GOVERNMENTAL EXPENDITURES BY FUNCTION
ALL GOVERNMENTAL FUND TYPES
'
LAST TEN FISCAL
YEARS
'
General
Public
Safety and
Governmental
Health
Highways
Culture
Fiscal
and Facilities
and
and
Community
and
Capital
'
Year
Rents
Welfare
Streets
Development
Leisure
Outlay
Total
'
1983 -1984
$273,906
$1,327,700
$199,291
$434,921
$64,602
$714,566
$3,014,986
'
1984 -1985
361,392
1,494,855
319,247
602,567
224,588
1,982,847
4,985,496
1985 - 1986
542,616
1,676,247
635,445
961,541
309,092
3,641,282
7,766,223
1986 -1987
2,208,131
1,770,331
730,051
1,062,858
365,193
3,668,733
9,805,297
'
1987 -1988
2,308,376
2,039,119
813,482
1,091,901
524,622
2,914,458
9,691,958
'
1988 -1989
1,286,201
3,986,097
941,276
1,336,870
1,026,538
3,214,398
11,791,380
'
1989 -1990
2,047,506
4,672,847
1,021,641
1,583,504
1,274,861
2,652,683
13,253,042
1990 -1991
3,593,481
5,095,032
1,041,627
1,827,354
1,459,419
3,403,128
16,420,041
'
1991 -1992
3,339,061
5,683,582
1,025,265
1,541,207
1,682,262
5,273,041
18,544,418
'
1992 -1993
3,066,025
6,091,718
998,843
1,409,594
1,733,786
2,697,724
15,997,690
'
Source: City of Dublin Annual Financial
Report
Includes Fire Services and Culture and Leisure Services Responsibilities
Assumed July 1, 1988.
Includes Federal Aid Urban Expenditures
Beginning in
1986 -1987.
1
'
53
Licenses
Fiscal and
Year Taxes Permits
1983 -1984 $3,845,968 $345,346
1984 -1985 4,738,818 333,982
1985 -1986 5,062,103 410,246
1986 -1987 5,837,811 586,320
1987 -1988 6,179,005 532,696
1988.1989 9,305,662 292,189
1989 -1990 9,769,276 315,010
1990 -1991 10,312,208 248,116
1991 -1992 9,805,734 246,459
1992 -1993 9,986,544 281,921
Source: City of Dublin Annual Financial Report
$1,114,109
1
$409,198
1
CITY OF DUBLIN
GENERAL GOVERNMENTAL REVENUES BY SOURCE
'
ALL GOVERNMENTAL FUND TYPES
1,456,930
LAST TEN FISCAL YEARS
'
Use of
'
Charges Money Fines
8,556,346
Inter- for And and Other
Special
Governmental Services Property Forfeits Revenue
Assessments Total
Source: City of Dublin Annual Financial Report
$1,114,109
$123,124
$409,198
$61,734
$533,113
$6,432,592'
1,456,930
260,217
1,004,263
68,301
556,690
$137,145
8,556,346
1
1,436,379
682,324
1,111,034
68,995
381,784
435,995
9,588,860
1,965,454
593,407
883,644
91,755
501,802
157,704
10,617,897
1,660,205
466,673
1,074,160
94,584
593,069
246,915
10,847,307 1
2,567,703
738,314
1,183,847
104,641
68,617
262,197
14,523,170 '
1,667,801
1,090,386
1,405,882
91,221
908,784
287,205
15,535,565 '
2,564,553
1,196,484
1,388,351
82,367
383,423
281,428
16,456,930 '
2,489,765
1,085,251
1,125,154
58,501
1,051,625
275,890
16,138,379 '
2,810,875
1,171,564
957,035
50,780
124,493
292,224
15,675,436 '
1
54
'
CITY OF DUBLIN
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
Fiscal Secured
Year
Property
Utility
1983 - 1984
$474,965,963
$12,582,160
1984 -1985
515,660,344
13,182,170
1985 -1986
598,426,296
14,662,390
1986 -1987
721,792,937
16,371,040
1987 -1988
802,835,061
18,759,300
1988-1989
962,867,790
1,812,200
1989-µ1990
1,086,479,184
1,812,200
1990 -1991
1,195,196,327
4,536,700
1991 -1992
1,285,655,755
4,536,700
1992.1993
1,344,318,745
4,536,700
Source: Alameda County Office of the Auditor — Controller
55
Unsecured
Property
$62,296,499
64,760,035
74,740,855
82,214,150
85,253,484
84,339,466
94,717,004
90,697,434
92,332,101
92,379,123
Total
Net Assessed
Valuation
$549,844,622
593,602,549
687,829,541
820,378,127
906,847,845
1,049,019,456
1,183,008,388
1,290,430,461
1,382,524,556
1,441,234,568
CITY OF DUBLIN
PROPERTY TAX RATES
ALL OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
Source: Alameda County Office of The Auditor - Controller
* No longer assessed, bonded debt fully repaid
56
Basic
Flood
Bay
East
Dublin
County
Zone
Area
Bay
San Ramon
Fiscal
Wide Levy
School
State
Rapid
Parks
Services
Alameda
Year
($1 /$100)
Districts
Bonds
Transit
Bond
District
County
Total
1983 -1984
$1.0000
$0.1979
$0.0326
$0.0617
$0.0164
$0.0094
$1.3180
1984 -1985
1.0000
0.2045
0.0291
0.0572
0.0156
0.0091
1.3155
1985 -1986
1.0000
0.1136
0.0429
0.0508
0.0055
1.2128
1986 -1987
1.0000
0.0820
0.0185
0.0421
0.0051
1.1477
1987 -1988
1.0000
0.0958
0.0119
0.0390
0.0032
0.0017
1.1516
1988 -1989
1.0000
0.0862
0.0183
0.0372
0.0019
0.0019
1.1455
1989 -1990
1.0000
0.0701
0.0198
0.0319
$0.0047
0.0020
0.0019
1.1304
1990 -1991
1.0000
0.1003
0.0142
0.0250
0.0032
0.0007
0.0013
1.1447
1991 -1992
1.0000
0.0935
0.0133
0.0251
0.0028
0.0010
0.0058
1.1415
1992 -1993
1.0000
0.0878
0.0132
0.0258
0.0074
*
0.0061
1.1403
Source: Alameda County Office of The Auditor - Controller
* No longer assessed, bonded debt fully repaid
56
1
1
1
1
1
1
1
1
1
1
1
1
CITY OF DUBLIN
COMPUTATION OF LEGAL DEBT MARGIN
JUNE 30, 1993
Assessed valuation
Assessed value
Add back exempt real property
Total Assessed Value
Legal debt margin :
Debt limitation -- 15 percent of total assessed value
Percent of debt limit authorized and issued
Source: City of Dublin Finance Department
Excludes Certificates of Participation and 1915 Act Bonds since
they are not General Obligation Debt.
4W
$1,441,234,568
47,340,133
$1,488,574,701
$223,286,205
0.00%
CITY OF DUBLIN
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
JUNE 30, 1993
Jurisdiction
Alameda County Authorities
Alameda County Superintendent of Schools
Oakland— Alameda County Coliseum Authority
Bay Area Rapid Transit District
Alameda County Flood Control District, Zone #7
Dublin Joint Unified School District
Dublin Joint Unified School District Certificates of Participation
Amador Valley Joint Union High School District
Murray School District
East Bay Regional Park District
City of Dublin 1993 Certificates of Participation
City of Dublin 1915 Act Bonds
Total Gross Direct and Overlapping Bonded Debt
Less: Oakland — Alameda County Coliseum Authority
(100% SELF— SUPPORTING)
Total
(1) Excludes tax and revenue anticipation notes; revenue, mortgage revenue and
tax allocation bonds; and non — bonded capital lease.
State School Building Aid Repayable as of 6/30/92:
Source: California Municipal Statistics, Inc. adjusted for City of Dublin for 1993 COP's issue.
58
Net Debt
Percentage Outstanding
Applicable Applicable
to City of to City
2.194
$7,378,620
2.194
162,137
1.097
140,361
0.856
2,400,439
12.946
55,021
99.539
3,404,234
99.539
77,640
99.539
22,638
99.539
239,327
1.263
1,476,700
100.000
18,525,000
100.000
2,790,000
36,672,117
140,361
$36,531,756
$889,141
CITY OF DUBLIN
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Source: State of California Department of Finance - Population Research Unit.
59
Rank in Size
of California
Cities
230
232
237
231
218
221
220
230
222
224
Alameda
City
Fiscal
County
Population
Year
Population
Population
% of County
1983 -1984
15,100
1,149,200
1.31%
1984 -1985
15,500
1,166,800
1.33%
1985 -1986
15,450
1,181,000
1.31%
1986 -1987
17,650
1,201,400
1.47%
1987 -1988
20,850
1,214,200
1.72%
1988 -1989
21,950
1,234,900
1.78%
1989 -1990
23,550
1,252,600
1.88%
1990 -1991
23,500
1,293,000
1.82%
1991 -1992
25,162
1,313,300
1.92%
1992 -1993
25,853
1,337,126
1.93%
Source: State of California Department of Finance - Population Research Unit.
59
Rank in Size
of California
Cities
230
232
237
231
218
221
220
230
222
224
Fiscal
Year
1983 -1984
1984 -1985
1985 -1986
1986 -1987
1987 -1988
1988 -1989
1989 --1990
1990 -1991
1991 -1992
1992 -1993
CITY OF DUBLIN
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
Total
Number of
Permits Issued
525
768
868
1,193
1,068
901
910
752
798
828
Commercial
Construction
Value
$3,461,360
16,093,749
17,720,298
11,784,734
12,777,965
13,654,511
6,367,726
7,604,547
9,759,533
5,477,619
Sources: Findley Reports, Inc. and City of Dublin Building Department Status Reports
* Data not available
.1
Residential
Construction
Value
$7,245,025
18,991,926
90,012,961
44,889,395
52,580,666
15,911,836
30,536, 676
8,074,458
5,005,547
7,732,367
Bank
Deposits
$232,571,000
247,622,000
294,462,000
336,751,000
378,557,000
399,923,000
439,781,000
450,215,000
517,540,000
CITY OF DUBLIN
MISCELLANEOUS STATISTICAL DATA
JUNE 30, 1993
Date of Incorporation
February 1982
Education:
Form of Government
Council /Manager
L Public:
Employees
36
Elementary Schools
3
Population
25,853
Middle School
1
Area
9.0 Sq. Miles
High School
1
Miles of streets
52.60
Continuation
1
Miles of Curbs
124.70
Signaled Intersections
20
Number of Street Lights
1,710
Average Daily Trips on I -680
115,000
Average Daily Trips on 1 -580
140,000
Fire Protection:
Public School Enrollment:
Dougherty Regional Fire Authority-
September 1982
3,643
(Service area includes City of Dublin
September 1983
3,442
and a portion of the City of San Ramon)
September 1984
3,354
Number of Stations
2
September 1985
3,326
Number of Fire Personnel
47 - Safety
September 1986
3,407
2 - Non -safety
September 1987
3,499
September 1988
3,213
Police Protection:
September 1989
3,135
Number of Stations
1
September 1990
3,150
Number of Police Officers
28
September 1991
3,173
Number of Support Personnel
3.5
September 1992
3,379
September 1993
3,511
Parks and Recreation:
Parks
9
Acres in Parks
147
IT Private Schools Enrollment.
Valley Christian:
Number of Registered Voters
11,780
Elementary
521
Junior High
122
Community Facilities:
High
152
Dublin Civic Center
Valley Lutheran Elementary (Pre K -6th
150
Dublin Senior Center
St, Raymonds Catholic School (K -8)
247
Shannon Community Center
Dublin Swim Center
Dublin Sports Grounds
Source: City and School District Records
61
CITY OF DUBLIN
SCHEDULE OF 1985 CERTIFICATES OF PARTICIPATION COVERAGE
FISCAL YEARS 1985 -1988
Net Revenue Debt Service
Direct Available Requirements
Fiscal Gross Operating For Debt
Year Revenue (1) Expenses (2) Service Principal Interest
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 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 defense
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
r��
CITY OF DUBLIN
SCHEDULE OF 1988 CERTIFICATES OF PARTICIPATION COVERAGE
FISCAL YEARS 1989 -1993
63
Coverage
128.50%
110.82%
101.45%
100.26%
100.26%
119.55%
Net Revenue Debt Service
Direct
Available Requirement
Fiscal Gross Operating
for Debt
Year Revenue (1) Expenses (2)
Service Principal Interest (3)
Total
1988- -1989 $1,547,681 $33,328
$1,514,353 $1,178,501
$1,178,501
1989 -1990 1,452,254 30,945
1,421,309 1,282,483
1,282,483
1990 -1991 1,740,720 42,264
1,698,456 $420,000 1,254,131
1,674,131
1991 -1992 1,735,357 45,609
1,689,748 445,000 1,240,333
1,685,333
1991 -1992 1,735,357 45,609
1,689,748 445,000 1,240,333
1,685,333
1992-1993 17,954,702 15,921,320
2,033,382 470,000 1,230,804
1,700,804
(1) Gross Revenue Includes Facilities Rent, Interest Income and 1988 Certificates of Participation Proceeds
for Debt Service. 1992 -1993 total includes $16,123,345
of 1993 Certificates of Participation proceeds,
used to defease the 1988 COP's.
(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
63
Coverage
128.50%
110.82%
101.45%
100.26%
100.26%
119.55%
1
CITY OF DUBLIN '
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
FUNDING ANALYSIS
FISCAL YEARS 1986 -1992
Net Assets
Pension
Fiscal Available
Benefit Percent
Year For Benefits
Obligation Funded
Percent of
1986 -1987 $224,510
$193,490 116.(
1987 -1988 331,670 321,820 103.06%
1988 -1989 485,870 433,477 112.09%
1989 -1990 673,728 582,374 115.69%
1990 -1991 871,272 718,724 121.22%
1991-1992 1,132, 606 1,016,722 111.40%
The above information was not available for years prior to
1986 or for Fiscal Year 1993.
Source. California Public Employees Retirement System. (PERS)
64
Percent of
Overfunded
t
Pension
Overfunded
Benefit
Obligation
'
Pension
Annual
to Annual
Benefit
Covered
Covered
Obligation
Payroll
Payroll
'
$31,020
$641,910
4.83%
'
9,850
'
818,530
1.20%
52,393
1,034,010
5.07%
1
91,354
1,241,152
7.36%
152,548
1,507,749
10.12%
'
115,884
1,529,925
7.57%
'
1
1
1
CITY OF DUBLIN
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
(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.
(2) In fiscal year 1992/93, state law was enacted which reduced the City share of the property tax levy and
shifted it to the schools.
Source: Alameda County Auditor — Controller Office
65
Percent
of Total
Total
Tax
Property
Property
Collected
Fiscal
Tax
Tax
to Tax
Year
Levied
Collected
Levied
1983 -1984
$363,804
$346,406
95.22%
1984 -1985
399,650
380,095
95.11%
1985 -1986
467,835
444,612
95.04%
1986 -1987
553,730
523,149
94.48%
1987 -1988
618,512
590,860
95.530
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
3,465,193
96.32%
(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.
(2) In fiscal year 1992/93, state law was enacted which reduced the City share of the property tax levy and
shifted it to the schools.
Source: Alameda County Auditor — Controller Office
65
Taxpayer
Dublin Meadow Partners
206 Apartment/Condominium Units
"Dublin Meadows"
Cottonwood Associates
248 Apartment/Condominium Units
"Cottonwood"
Metric Institutional Company Investment Partners II
204 Apartment/Condominium Units
"Amador Oaks"
Rafanelli & Nahas & VM Rafaenelli Vineyards
224 Apartment/Condominium Units
"Parkwood"
Sierra Dublin Properties
Business Park
"Sierra/Trinity"
Phoenix Mutual Life Insurance Company
200 Apartment/Condominium Units
"Amador Lakes -- Lot 5"
Dublin Associates
Retail Shopping Center
"Target, et al"
Rafanelli & Nahas
255 Apartment/Condominium Units
"Amador Lakes — Lots 3 and 4"
Chevron U.S.A. Inc.
Warehouse
"Records Storage — Sierra Court"
Total
Source: County of Alameda
CITY OF DUBLIN
PRINCIPAL TAXPAYERS
JUNE 30, 1993
.:
18,892,788 1.4695%
17,871,651 1.3901%
17,230,048 1.3402%
16,371,183 1.2734%
14,943,708 1.1623%
14,813, 376 1.1522%
14,326,528 1.1143%
13,650,786 1.0618%
$149,159,090 11.6018%
Percent
of Total
Assessed
Assessed
Value
Value
$21,059,022
1.63807c
18,892,788 1.4695%
17,871,651 1.3901%
17,230,048 1.3402%
16,371,183 1.2734%
14,943,708 1.1623%
14,813, 376 1.1522%
14,326,528 1.1143%
13,650,786 1.0618%
$149,159,090 11.6018%