HomeMy WebLinkAboutItem 4.17 - 1270 Comprehensive Annual Financial Report CAFR
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STAFF REPORT
CITY COUNCIL
DATE: December 20, 2016
TO: Honorable Mayor and City Councilmembers
FROM:
Christopher L. Foss, City Manager
SUBJECT:
Comprehensive Annual Financial Report (CAFR) and Annual Audit for
Fiscal Year Ending June 30, 2016 and Supplemental Reports Completed
by the Auditors
Prepared by: Colleen Tribby, Director of Administrative Services
EXECUTIVE SUMMARY:
The City of Dublin has prepared its Comprehensive Annual Financial Report
(CAFR), for the Fiscal Year ending June 30, 2016. This report includes financial
statements prepared by City staff along with the audit prepared by Maze and
Associates Accountancy Corporation (Maze), the independent auditors selected by
the City Council. The CAFR is a report which encompasses information beyond
minimum financial reporting requirements. The Auditors have provided a "clean
opinion" based on their review. The report has also been reviewed by the City
Council Ad-Hoc Audit Subcommittee. The Auditors have also completed the
following five supplemental reports: 1) a compliance audit of Alameda County
Transportation Measure B Funds; 2) a compliance audit of the Alameda County
Transportation Commission Fund (ACTC-VRF) Program; 3) a compliance audit of
Alameda County Transportation Measure BB Funds; 4) a compliance audit of the
State of California Transportation Development Act (TDA) Program; and 5) a review
of the City's Annual Appropriations Limit Calculation.
STAFF RECOMMENDATION:
Receive and file the reports.
FINANCIAL IMPACT:
Summarized financial information is discussed in this Staff report, and Attachment 1
provides a guide to key information found in the CAFR. The full CAFR is included as
Attachment 2.
DESCRIPTION:
The City of Dublin has prepared its CAFR for the Fiscal Year ending June 30,
2016. The CAFR (Attachment 2) includes audited financial statements reviewed
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by Maze and Associates Accountancy Corporation (Maze), the independent auditor
selected by the City Council, and concludes the last year of audit services under a
five-year agreement approved by the City Council on April 17, 2012.
Ad-Hoc Audit Committee Review
The auditors met with the City Council Ad-Hoc Audit Committee, comprising Mayor
Haubert and Vice Mayor Biddle, on December 7, 2016, to review the results of the
audit. The interaction of the auditors directly with representatives of the elected body
is a key component to audit standards, and provides committee members an
opportunity to discuss the report and ask questions of the auditors. The Committee
concurred with Staff's recommendation that the City Council receive the report.
Overall, based on their testing and review, the auditors granted the City a "clean
opinion" (see CAFR pages 1 - 3), meaning that the City's financial statements
present fairly, in all material respects, the financial position of the City.
Financial Overview
Attachment 1 provides a guide to key elements contained in the CAFR. Some of
the important financial results include:
Increased Total Net Assets - Net assets increased by $43.5 million, as shown in
Table 1 below. This change is on an entity-wide basis, and includes both capital
assets as well as restricted funds. Included in the Management Discussion and
Analysis section of the CAFR is a discussion of the changes in Net Assets (CAFR
pages 5 - 20 ). It is important to note that the amount reported as Total Net Assets
includes:
1. $461.0 million (68.8% of total assets) in investments in capital assets (e.g. land,
infrastructure, buildings, and equipment). These are not assets that are
available for future spending.
2. $97.6 million (14.6% of the total assets) are assets subject to external
restrictions on how they can be used, such as development impact fee funds.
3. $111.7 million in net assets are unrestricted.
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Memorandum on Internal Control (MOIC) (Attachment 3)
The professional standards adhered to by the Auditors require them to record a
formal process of communicating directly with the City Council. As part of the FY
2015-16 CAFR process, the auditors met with the City Council Ad-Hoc Audit
Committee at the start of their field testing as well as at the conclusion of the audit
to review the final report.
The MOIC includes a report on the City’s accounting and reporting procedures,
as well as recommendations for process improvements. The report did not note
any significant deficiencies in accounting procedures in FY 2015 -16. Two other items
were noted under the “Schedule of Other Matters”:
1. Super-User Access to the Financial System and Review of Payroll Registers. A
conflict was noted related to user access rights. In working with the auditors and
evaluating the risk involved with Finance access rights versus the needs of Finance
operations, it was determined the best response would be to implement a check
and balance procedure with respect to payroll review, and for the Administrative
Services Director to conduct surprise audits of payroll runs.
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2. Determination and Accounting for Capital Costs. The auditor made best practice
recommendations for Finance’s treatment of capital assets in each fiscal year.
The MOIC also contains a description of new GASB requirements implemented by
the City during the audit year, and upcoming GASB requirements that are not yet
effective. New accounting standards set for FY 2015-16 included Governmental
Accounting Standards Board (GASB) Statement 76, related to the hierarchy of
accounting principles, and GASB 79, related to certain external investment pools and
pool participants. Neither of these Statements had a material effect on the City’s
financial statements. The City also implemented GASB 72, related to investment fair
value measure and application. The result of the implementation was the addition of a
notation to the financial statements (CAFR pages 53-54).
Designations of Fund Balances
The City's Fund Balance and Reserves Policy conforms to required standards
enacted by the GASB. A listing of the FY 2015-16 year-end reserves established in
accordance with this policy is shown on CAFR page 65. The following table
summarizes the fund balances for all City funds:
TABLE 2: GOVERNMENTAL FUND BALANCE CHANGES
June 30, 2016 and 2015
June 30, 2016 June 30, 2015 $ Change % Change
General Fund 109,184,026 97,706,494 11,477,532 11.7%
Affordable Housing Fund 25,526,669 13,607,857 11,918,812 87.6%
Capital Improvement Funds 60,282,217 50,385,192 9,897,025 19.6%
Other Governmental Funds 11,783,552 10,745,411 1,038,141 9.7%
Total Governmental Funds 206,776,464 172,444,954 34,331,510 19.9%
As shown above, General Fund Reserves totaled $109.2 million as of June 30,
2016: $29.9 million of that is available for cash flow purposes, equating to 5.1
months of budgeted operating expenditures in FY 2016-17. This exceeds the target
as guided by the City Policy, which sets the cash flow goal at between two and four
months of the budget.
Additional Reports Prepared by Auditors
In addition to the audit of the financial statements, the auditor engagement also
included the completion of specialized reports. The five supplemental reports
include:
1. A compliance audit of Alameda County Transportation Commission (ACTC)
Measure B Funds
2. A compliance audit of the ACTC Vehicle Registration Fee Program
3. A compliance audit of the ACTC Measure BB Program
4. A compliance audit of the State of California Transportation Development Act
(TOA) Program
5. A review of the City's Annual Appropriations Limit Calculation
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The City did not meet the threshold of $500,000 in expenditures of federal funds in
FY 2015-16, and therefore was not required to complete a Federal Grant - Single
Audit Report. The following is a brief summary of each supplemental report.
ACTC Measure B Funds Report (Attachment 4):
ACTC provides local funding via two local programs: 1) Local Street Improvements;
and 2) Bicycle and Pedestrian Improvements. During FY 2015-16, the following
projects were funded by Measure B:
− Bicycle Master Plan Program
− Street Slurry Seal Program
− Street Overlay Program
The compliance audit found that, based on the information reviewed and
presented, the expenditures were materially in compliance with the program
requirements.
As of June 30, 2016, the Local Streets fund balance of $566,506 is assigned to a
Capital Reserve for the continued street improvement projects, and the Bike I
Pedestrian fund balance of $240,452 is restricted to the appropriate related bike
and pedestrian program improvements.
ACTC Vehicle Registration Fee Report (Attachment 5):
The City of Dublin uses a Special Revenue Fund to account for the funds collected
through the ACTC's Vehicle Registration Fee. The goal of the program is to
sustain the County's transportation network through a distribution of the funds
throughout the County on successive five-year cycles.
As of June 30, 2016, the ACTC VRF fund had a balance of $215,224 in restricted
funds. The FY 2015-16 Budget appropriated funds from this source to support
upgrades to citywide traffic signals.
ACTC Measure BB Report (Attachment 6):
Alameda County Measure BB was approved by the voters in November 2014, with
70% of the vote. The fee is expected to generate about $30 billion over the next
30 years funded by an additional one-half cent sales tax to be used for
transportation related expenditures. The program includes four categories of
projects: 1) Transit; 2) Affordable Transit for Seniors and People with Disabilities; 3)
Local Streets and Roads; and 4) Bicycle and Pedestrian Path and Safety.
As of June 30, 2016, the Measure BB Fund had a restricted fund balance of
$464,159 for Local Streets and Roads, and $162,036 restricted for Bicycle and
Pedestrian improvements. There were no expenditures of these funds in FY 2015-
16.
TDA Funds Report (Attachment 7):
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TDA grants are granted by the State and distributed through the Metropolitan
Transportation Commission (MTC) which is the agency responsible for allocation of
duns to eligible claimants within the greater San Francisco Bay area. The TDA
grants allocated to the City of Dublin are for pedestrian and bicycle pathway
improvement projects.
During FY 2015-16, $33,311 was spent on the Accessible Pedestrian Signal
Retrofit Project. As of June 30, 2016, the remaining grant funding is $115,000,
which has been awarded to the City and will be received as expenditures happen.
Appropriation Limit Schedule Report (Attachment 8):
State law requires the adoption of an Appropriations Limit (Limit) which must be
included in the Budget document. The City Council adopts the Limit by resolution
and it is adjusted annually based on factors establish in State Law. The Limit
applies only to appropriations that are funded by "proceeds of taxes." The Limit for
the City of Dublin is substantially more than the amount of revenue generated from
taxes. The Auditors reviewed the calculation used to develop the $291,414,855 Limit
as presented in the FY 2016-17 Budget. There were no exceptions noted in the
findings.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
A copy of this report was sent to Katherine Yuen, Partner, Maze and Associates.
ATTACHMENTS:
1. Summary - Key Information, Comprehensive Annual Financial Report for FY 2015-16
2. City of Dublin Comprehensive Annual Financial Report - Fiscal Year 2015-16
3. Memorandum on Internal Control and Required Communications FY 2015 -16
4. Alameda County Transportation Commission Measure B Funds (Street and Bicycle -
Pedestrian) Report
5. Alameda County Transportation Vehicle Registration Funds (VRF) Report
6. ACTC Measure BB Program Report
7. State of California Transportation Development Act (TDA) Program Report
8. Appropriation Limit Schedule Report
SUMMARY – KEY INFORMATION
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDING JUNE 30, 2016
City Council Meeting December 20, 2016
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Attachment 1
1. Includes audited financial statements reviewed by Maze and Associates Accountancy
Corporation (Maze).
2. The auditors issued a “Clean Opinion”, which means that the City’s financial
statements fairly represent the City’s financial position.
3. The CAFR format will allow the City to apply for a Certificate of Achievement from the
Government Finance Officers Association (GFOA). The goal is to provide financial
information of the highest quality, in a transparent manner.
4. The only change in structure in FY 2015-16 is the implementation of GASB
Statements 79 and 79, which did not have a material effect on the City’s financial
statements, and GASB Statement 72, related to investment fair value measure and
application. Implementing GASB 72 resulted in the addition of a notation to the
financial statements (CAFR pages 53-54).
5. ORGANIZATION OF DRAFT REPORT:
a. Transmittal letter (beginning page v): provides a general overview of economic
and budgetary factors that impact the City.
b. Opinion issued by the Independent Auditor (pages 1 - 3).
c. Management Discussion and Analysis (MD&A) (pages 5 – 20): provides an
overview of the financial activities, with a focus on significant trends, as well as
major changes associated with the City's major funds (i.e. General Fund and
Impact Fee funds).
d. Financial Statements: a significant portion of the CAFR is comprised of financial
statements and schedules for the various funds used to account for the City’s
revenue and expenditures. Pages 22-23 present a Government-Wide
Statement of Net Position which is similar to financial statements presented by
private corporations.
e. Statistical Section (pages 173-end): the unaudited statistical section of the
CAFR includes graphs of relevant historical data.
6. Fund Equity - A complete listing of both fund reserves and designations for all funds is
shown on page 65 of the report.
7. Audit Recommendations / Disclosures - As part of the Audit Review the independent
auditors can present recommendations for consideration by the City. The process
allows the Auditors to disclose their observations on certain practices and policies. As
part of the recommendations the Auditors also note the upcoming government
accounting standard changes. This information is presented as a separate document
SUMMARY – KEY INFORMATION
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDING JUNE 30, 2016
City Council Meeting December 20, 2016
Page 2 of 2
Attachment 1
titled “Memorandum on Internal Control and Required Communications for the Fiscal
Year ended June 30, 2016”.
City of Dublin
CA LI FORNIA
Dublin
b6d mr
2011
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
Fiscal Year ended June 30, 2016
CITY OF DUBLIN, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2016
Prepared by
ADMINISTRATIVE SERVICES DEPARTMENT
This Page Left Intentionally Blank
INTRODUCTORY SECTION
This Page Left Intentionally Blank
I INTRODUCTORY SECTION: I
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2016
Table of Contents ........................................................................................................................................................ i
Letter of Transmittal ................................................................................................................................................... v
GFOA Certificate of Achievement ......................................................................................................................... xiv
Principal Officers ...................................................................................................................................................... xv
Organizational Chart ............................................................................................................................................... xvi
I FINANCIAL SECTION: I
Independent Auditor's Report .................................................................................................................................. 1
Management's Discussion and Analysis ................................................................................................................. 5
Basic Financial Statements:
Government-wide Financial Statements:
Statement of Net Position ....................................................................................................................... 22
Statement of Activities ............................................................................................................................ 24
Fund Financial Statements:
Governmental Funds:
Balance Sheet ...................................................................................................................................... 28
Reconciliation of the Governmental Funds -Balance Sheet with the Statement
of Net Position ................................................................................................................................ 30
Statement of Revenues, Expenditures, and Changes in Fund Balances ............................................ 32
Reconciliation of the Net Change in Fund Balances -Total Governmental
Funds with the Statement of Activities .......................................................................................... 34
Statement of Revenues, Expenditures and Changes in Fund Balance -Budget and Actual:
General Fund ............................................................................................................................. 3 5
Affordable Housing Special Revenue Fund ............................................................................. .36
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2016
I FINANCIAL SECTION (Continued):
Proprietary Funds:
Statement of Net Position ................................................................................................................... 38
Statement of Revenue, Expenses and Changes in Fund Net Position ............................................... 39
Statement of Cash Flows ............................................................................................................... 40
Fiduciary Funds:
Statement of Fiduciary Net Position .............................................................................................. 42
Notes to Basic Financial Statements ........................................................................................................ 43
Required Supplemental Information:
Schedule of the Plan's Proportionate Share of the Net Pension Liability and Related Ratios ................. 84
Schedule of Contributions ........................................................................................................................ 85
Other Post-Employment Benefits-Schedule of Funding Progress .......................................................... 86
Supplemental Information:
General Fund-Budget Versus Actual:
Schedule of Budget Versus Actual Revenue by Sources .............................................................. 90
Schedule of Budget Versus Actual Departmental Expenditures ................................................... 94
Budgeted Major Governmental Funds Other than General Fund and Special Revenue Funds:
Schedules of Revenues, Expenditures and Changes in Fund Balance -Budget and Actual:
General Improvements Projects Capital Projects Fund .......................................................... 96
Community Improvements Projects Capital Projects Fund ................................................... 97
Parks Projects Capital Projects Fund ..................................................................................... 98
Streets Projects Capital Projects Fund ................................................................................... 99
Public Facilities Impact Fees Capital Projects Fund ............................................................ 100
Fire Impact Fees Capital Projects Fund ............................................................................... 101
Traffic Impact Fees Capital Projects Fund ........................................................................... l 02
Dublin Crossing Contribution Capital Projects Fund .......................................................... 103
11
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2016
I FINANCIAL SECTION (Continued): I
Non-major Governmental Funds:
Combining Balance Sheets ............................................................................................................. 110
Combining Statement of Revenues, Expenditures, and Changes
in Fund Balances ....................................................................................................................... 118
Schedule of Revenues, Expenditures, and Changes
in Fund Balances -Budget and Actual ...................................................................................... 126
Internal Service Funds:
Combining Statement of Net Position ......................................................................................... 162
Combining Statement of Revenues, Expenses and Changes in Fund Net Position ........................ 164
Combining Statement of Cash Flows ............................................................................................... 166
Fiduciary Funds:
Statement of Changes in Assets and Liabilities -All Agency Funds ......................................... 170
I STATISTICAL SECTION: I
Net Position by Component ................................................................................................................... 17 4
Changes in Net Position ......................................................................................................................... 176
Fund Balances of Governmental Funds ................................................................................................ 178
Changes in Fund Balances of Governmental Funds ............................................................................. 180
Assessed Value of Taxable Property .................................................................................................... 182
Direct and Overlapping Property Tax Rates ......................................................................................... 184
Principal Property Taxpayers ................................................................................................................ 186
Property Tax Levies and Collections .................................................................................................... 187
Ratio of Outstanding Debt by Type ....................................................................................................... 188
Direct and Overlapping Debt ................................................................................................................ 189
Legal Debt Margin Information ............................................................................................................ 190
111
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2016
j STATISTICAL SECTION (Continued): I
Demographic and Economic Statistics ................................................................................................. 192
Property Value, Construction and Bank Deposits ................................................................................ 193
Principal Employers .............................................................................................................................. 194
Full-time Equivalent City and Contract Government Employees by Function .................................... 196
Operating Indicators by Function/Program ............................................................................................ 198
Capital Assets Statistics by Function/Program ..................................................................................... 200
Top 25 Sales Tax Producers ................................................................................................................. 202
Miscellaneous Statistical Data .............................................................................................................. 203
IV
"' DUBLIN
CALIFORN I A
THE NEW
AMERICAN
BACKYARD
City Council
925 .833.6650
City Manager
925.833.6650
Community Development
925 .833.66 1 0
Economic Development
925.833 .6650
Finance/IT
925.833.6640
Fire Prevention
925.833 .6606
Human Resources
925.833 .6605
Parks & Community Services
925.833.6645
Police
925 .833 .6670
Public Works
925.833.6630
I 00 Civic Plaza
Dublin, CA 94568
p 925.833.6650
F 925.833.665 I
www.dublin.ca.gov
December 20 , 2016
Honorable Mayor and Members of the City Council:
Presented with this transmittal is the City of Dublin (City)
Comprehensive Annual Financial Report (CAFR) for the year ended
June 30, 2016. The information in this Comprehensive Annual
Financial Report is prepared in accordance with Generally Accepted
Accounting Principles (GAAP) as established by the Governmental
Accounting Standards Board (GASB).
The responsibility for the accuracy and fairness of this report rests
with the City. Management Staff are responsible for preparing a
complete report which is based upon reliable information. Maze and
Associates Accountancy Corporation, a firm of licensed public
accountants, has issued an unqualified ("clean") opinion on the City of
Dublin 's financial statements for the year ended June 30 , 2016. The
independent auditor's report has been included in this Comprehensive
Annual Financial Report.
This letter of transmittal is designed to assist with an individual's
review of the City's financial statements . Specifically it is intended to
offer the reader useful information in assessing the economic
conditions impacting the City of Dublin. It also complements the
separate Management's Discussion and Analysis (MD&A) narrative
section , which provides financial highlights of the City and additional
analysis of trends reported as part of the financial statements . The
MD&A is located immediately following the report of the independent
auditors.
CITY PROFILE
The City of Dublin was incorporated in 1982 and is located in
Alameda County, a growing area in the eastern portion of the San
Francisco Bay Area . In 2011, the City was named an "All-America
City" by the National Civic League, one of the nation 's oldest and
most prestigious civic organizations . In 2012, the City celebrated its
30th anniversary as an incorporated city.
The City provided for a permanent staffing level of approximately
93.75 full-time equivalent City employees in the FY 2015-16 budget
cycle, and budgeted for an additional 194 temporary employees during
the summer recreational season. The City serves an estimated
population of 57,349 covering a land area of 14.62 square miles. The
City's strategic location offers opportunities for employers, retail
outlets , and high quality residential neighborhoods .
v
The City operates under the Council-Manager form of government. Policy making and legislative
authority are vested in the City Council, which consists of an elected Mayor, who serves a two-year
term, and four Council members each elected to a four-year term. The City Council is responsible for
the City's ordinances, operating resolutions, adoption of the annual budget, hiring the City Manager and
City Attorney and confirming the appointments made by the Mayor to commissions and committees.
The City Manager is responsible for the following activities: implementing the policies, ordinances, and
directives of the City Council; overseeing the day-to-day operations of the City; and appointing the
Directors of the City's departments.
Current City services include: City Manager; Human Resources; Administrative Services
(Finance/Information Systems); City Attorney; City Clerk; Police; Fire; Community Development
(Building/Planning/Housing); Economic Development/Public Information; Parks and Community
Services; and Public Works (including Engineering and Maintenance). The City contracts with both
public agencies and private firms to provide a variety of key services including: Building Inspection;
Fire; Police; and Public Works maintenance. A total of 131.85 FTE contract employees were included in
the City budget in FY 2015-16.
HIGHLIGHTS
The City of Dublin is located at the intersection of Interstates 580 and 680 approximately 35 miles east
of San Francisco. The City delivers a broad range of community services and has a wide range of
housing types available to meet the demands of various employers throughout the region. Over the past
several years residential builders and developers have constructed a variety of new housing options,
which include a mix of transit-oriented development adjacent to the City's two Bay Area Rapid Transit
(BART) stations, as well as single family homes and condominium I townhome developments. The
relatively close proximity to additional job centers and colleges and universities in the Bay Area create
an attractive environment.
Much of the recent growth in the community, which is now in its final phases of completion, was
planned in the voter-approved 1994 Eastern Dublin Specific Plan. This vision has allowed a strong
foundation and quality neighborhoods and public facilities to be built citywide. Equally exciting, new
developments in the Downtown Dublin Specific Plan area and throughout the rest of the community
have brought a wonderful range of new retail, office and transit-oriented residential development that
will support a high quality of life in Dublin. The City remains committed to working to attract new
quality investment and services to our community.
New development over the past decade has had positive budgetary impacts, allowing the City to make
significant investment in our community-serving facilities, such as our excellent parks. While careful
financial stewardship has put Dublin in a strong fiscal position, it is important that we look to ensure the
stability of the community's long-term fiscal condition so that we may continue to provide high-quality
services.
VI
Key City accomplishments during FY 2015-16 include the following:
Parks & Community Services
• Celebrated the 33rd Annual St. Patrick's Day Festival and Shamrock 5K Fun Run and Walk.
th
• Held the 4 Annual "Splatter'' event, featuring an array of multi-cultural performance venues, with an
estimated crowd of 15,000.
• Presented two special exhibits, "A History of Dublin Schools" and "Farm-to-Table: Dublin's
Farmers," at the Dublin Heritage Park and Museums.
• Held another successful season of the free summer outdoor movie series, "Picnic Flix."
• Presented the annual Youth Benefit Concert, raising money for the Youth Fee Assistance Program,
which enables children from low-income families to participate in the City's recreational programs.
• Began construction of Phase II of Fallon Sports Park, which includes a 90' baseball diamond, two
lighted soccer fields, concession building, public restrooms, group picnic area with shade, adventure
playground, pathway with pedestrian lighting, and a parking area.
• Began construction on (developer-built) Jordan Ranch Neighborhood Park.
• Approved the conceptual design and began development of construction documents for Sean Diamond
Neighborhood Park, a planned five-acre park in the Positano neighborhood.
• Completed the update to the Parks and Recreation Master Plan and Public Facility Fee Program.
• Completed the Dublin Camp Parks Military History Center management plan. Design of the Center is
in progress.
• Continued the Dublin Crossing Community Park Master Plan community planning process for a new
30-acre community park.
• Held the fifth season of the Dublin Farmers' Market at Emerald Glen Park.
• Celebrated Dublin's "Hometown Heroes" at an annual event held in November at the Senior Center.
• Continued construction of The Wave at Emerald Glen Park, a 31,000-square foot aquatic complex.
Public Works and Environmental Services
• Received $11.2 million of Measure BB and $6.3 million of Measure B grant funds from the Alameda
County Transportation Commission for the Dougherty Road Improvement Project.
• Received $3 million of Measure BB grant funds for the Dublin Boulevard Improvement Project
(Sierra Court to Dublin Court).
• Began design for the Public Safety Complex renovation. The proposed Police Services building will
include a variety of offices, an Emergency Operations Center, evidence storage, and public lobby.
• Continued implementation of the Bicycle and Pedestrian Master Plan, including installing buffered
bike lanes and green conflict zone markings along Amador Valley Boulevard from San Ramon Road to
Village Parkway.
• Installed enhanced bicycle detention devices at various traffic signals.
• Maintained high-quality roads by completing 630,000 square feet of pavement overlay in Downtown
Dublin.
• Replaced 3,800 square feet of damaged sidewalk and installed four curb ramps as part of the annual
sidewalk safety and ADA transition plan project.
• Filled 162 potholes; trimmed 2,341 trees; completed storm drain cleaning and assessment of storm
drain lines; and completed 6,057 miles of street sweeping.
Vil
• Coordinated 32nd Annual "Dublin Pride Week" activities, including Volunteer Day, a Sustainable
Citizens Workshop, a food drive, and a household hazardous waste collection and compost giveaway.
• Coordinated the 7th Annual "Creek Clean-Up" event.
• Partnered with Dublin San Ramon Services District (DSRSD) on the installation of a recycled water
main under San Ramon Road, bringing the Recycled Water Expansion Project to western Dublin.
• Provided a site for DSRSD's Recycled Water Station, to offer residents free recycled water for home
irrigation and gardening use.
Administrative Departments
• Graduated the 11th class of students of Inside Dublin, a seven-week program which provides an in-
depth look at all areas of municipal operations, including education, infrastructure, public safety, local
government, and community development.
• Approved pilot program for free Wi-Fi system for part of Downtown Dublin.
• Enhanced emergency notification capabilities by transitioning to a new countywide emergency alert
system, "AC Alert."
• Hosted the annual Volunteer Recognition Event.
Economic Development
• Implemented new branding and marketing campaign, which included the creation of new economic
development marketing materials, including national and regional ads.
• Launched a redesigned website with expanded features including new content designed to better
communicate information with residents, visitors, and the business community.
• Expanded "Discover Dublin," in partnership with the Chamber of Commerce, into a year-round
campaign promoting Dublin businesses.
• Participated in "National Manufacturing Day'' by arranging tours of two Dublin firms for local
students.
• Partnered with other Tri-Valley cities and local Chambers of Commerce to provide a series of three
business education forums.
• Promoted Dublin as a location of choice for emerging technology firms.
Community Development
• Completed key amendments to the General Plan and revised the Dublin Crossings and Eastern
Dublin Specific Plans to facilitate the creation of two new school sites for the Dublin Unified School
District.
• Provided permitting assistance for commercial development including the Persimmon Place Shopping
Center, Fallon Gateway, upgrades to Dublin Place, Tesla Motors, and business renovations on Village
Parkway.
• Worked cooperatively with the DSRSD and State agencies to comply with the Governor's Executive
Order regarding the 2015 drought and water conservation.
• Completed successful financing for the 66-unit Valor Crossing Apartments, and worked with
project developer Eden Housing to commence construction and develop an outreach program to
assist veterans in need of affordable housing.
VIII
• Completed a critical assessment and streamlined the City of Dublin First-Time Homebuyer and
Inclusionary Below-Market Rate housing programs to enhance effectiveness and flexibility.
• Processed permits for major projects including the Bay West Apartments, Dublin Station Apartments,
Dublin Corporate Center tenant relocations and enhancements, and the Stanford Health Urgent Care
Facility.
• Prepared the City Council-adopted ordinance for a streamlined permitting process for small residential
rooftop solar systems.
• Worked with the Department of Water Resources on the completion of the five-year annual FEMA
National Flood Insurance Program audit of the City's flood plain management.
Police Services
• Added a new Captain to the force to expand capabilities oflaw enforcement.
• Approved contract to purchase new law enforcement technology including license plate readers.
• Held two Town Hall meetings to respond to community concern relating to property crimes.
• Purchased two new patrol vehicles and one new motorcycle for the Traffic Unit.
• Purchased 10 new Preliminary Alcohol Screening devices with the most up-to-date technology.
• Seized approximately 540 pounds of illegal fireworks in an undercover sting operation.
• Operated a successful Holiday Crime Suppression Unit during the holiday season.
• Participated in the National Drug "Take-Back Initiative" event, resulting in the collection of 452
pounds of prescription drugs.
• Conducted two Tobacco Compliance Operations, checking 44 locations to ensure businesses are not
selling tobacco to minors.
• Facilitated the first ever Safety Fair which included the assistance of Alameda County Fire
Department, American Red Cross, and several local vendors.
Fire Services
• Established aid agreements with Livermore/Pleasanton Fire and San Ramon Valley Fire.
• Conducted Personal Emergency Preparedness (PEP) classes to prepare residents for disasters.
Also in FY 2015-16, the City received numerous awards and honors for its accomplishments in various
areas of community services and improvements. These include the following:
• Named the 4th Best City in Northern California for Young Families, based on home affordability,
family growth and prosperity, family friendliness, and quality of education.
• 2015 "Award of Excellence" from the California Association of Public Information Officers
(CAPIO) and a 2015 "Award of Merit" by the California Association of Local Economic
Development (CALED) for the Marketing and Branding Campaign, "Dublin: The New American
Backyard."
• 2015 A ward for Excellence in Information Technology Practices from the Municipal Information
Systems Association of California (MISAC).
• Certification of Achievement for Excellence in Financial Reporting for the FY 2014-15
Comprehensive Annual Financial Report (CAFR) by the Government Finance Officers Association.
• "A" Grade from the American Lung Association State of Tobacco Control.
IX
• Recognition of five detectives (Sergeant Rafael Alvarez, Miguel Campos, Jose Buenrostro, Misty
Carausu, and Marc Dinis), ACFD Captain Xavier Poulleau, and City of Dublin Parks and Community
Services Manager Hazel Wetherford as Dublin Rotary Superstars.
• Recognition of Detective Miguel Campos as "Officer of the Year" by the Knights of Columbus for his
outstanding work as a lead police investigator.
• Recognized by the Metropolitan Transportation Commission Regional Streets and Roads Program for
achievement in pavement maintenance, with Alameda County's highest pavement condition index.
• Named a "Tree City USA" by the National Arbor Day Foundation.
FINANCIAL OUTLOOK
Growth in the City of Dublin's property and sales tax revenues continues to reflect a healthy and
thriving community. Following a 2% loss in overall Assessed Valuation (AV) during the recession, the
City went from a total AV of $8.4 billion in FY 2011-12 to $12.6 billion in FY 2015-16, owing to real
estate values that have been restored, higher sales prices, and new developments coming on line. Total
AV increased by $1.5 billion (13.3%) over the prior year, which was the largest percentage growth in
Alameda County, followed by Emeryville's (11.7%) and Oakland's (8.7%) growth. The City's property
tax revenues, which made up 41 % of total revenues in FY 2015-16, have grown 1 %, 6%, 7%, 16%, and
14% over the last five years.
Sales tax revenue also continues to grow, with an average increase of 10% per year over the last five
years, and making up 33% of total revenues in FY 2015-16. This was the first full year the City
benefitted from tax receipts generated in the Persimmon Place project (including Whole Foods,
Nordstrom Rack, Home Goods, and a variety of restaurants). The City's Sales Tax Reimbursement
Program, which offers a temporary tax incentive to eligible companies, has been instrumental in
bringing in new retailers, and is continuing in FY 2016-17.
Development-related revenue is the third largest revenue stream to the City, making up 13% of the total
budget in FY 2015-16. Building permit revenue and development services revenue (planning and
engineering services) increased a combined 1 % over FY 2014-15, but the yearly increases since the
recession have been extremely varied: since FY 2010-11, development revenue increased 52%, 18%,
7%, 3%, and 1 % in the respective years. The City has anticipated this downward trend as some of the
larger development projects near completion, and continues to maintain a Service Continuity Reserve in
the General Fund to ensure that there are future funds to cover expenditures when development activity
slows.
x
While FY 2015-16 finished with a General Fund surplus of roughly $13 .9 million (before transfers out
to capital projects), it is long-term fiscal sustainability that remains at the forefront of budget
discussions . Even with the continued growth in property and sales tax , declining development revenues
and the rising costs of contracted services could result in deficit spending of $1.3 million in the General
Fund by FY 2021-22 , potentially growing to a deficit of $5 .6 million in FY 2024-25 , as reflected in the
most recent update to the 10-Year Forecast:
General Fund 10 -Year Forecast (in thousands)
100,000
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 24-25
-All Other Revenue
-Community Benefit Payment
-Other Revenue
-Charges for Services
Rentals & Leases
-Interest
-Development
-Other Taxes
-Sales Tax
-Property Taxes
-Expenditures
In response to a projected deficit , on November 1, 2016 the City Council approved the formation of a
Fiscal Sustainability Task Force , made up of representative community members , which would review
the forecast numbers and ultimately produce an advisory report that includes recommendations for
future consideration by the City Council. The Task Force meetings will begin in January 2017 and
conclude with a presentation of its recommendations to the City Council in January 2018 .
XI
FINANCIAL PLANNING AND POLICIES
The City Council adopted a 10-Y ear Strategic Plan, which is updated every two years. Five specific
strategies were identified to establish the framework and overarching policy focus for the delivery of
public services to the community. The Budget document has a section containing the Strategic Plan and
Goals and Objectives. Adjustments to programs presented by the City Manager in the Budget document
were tied to the prioritization of elements within the Strategic Plan.
The last Strategic Planning meeting was held March 7, 2015, when the City Council discussed the
general assumptions used in the City's 10-Year Financial Forecast. A key outcome of the Strategic
Planning meeting was the City Council's decision to identify long-term fiscal sustainability as the key
strategic initiative and to direct Staff to make sure fiscal sustainability becomes a major factor in future
decisions, including the FY 2015-16 budget and beyond.
The City adopts a balanced operational budget in accordance with City policies, and uses a two-year
budget format. The City Council adopts a final budget and appropriates funds in advance of the July 1st
start of the new Fiscal Year. In terms of major capital investments, constructed with Impact Fees, the
City has operated utilizing a pay-as-you-go philosophy. The City has typically operated with no debt
financing, though an equipment lease was initiated in FY 2012-13 to fund various energy-efficient
improvements, including solar panels at City facilities, which have reduced ongoing utility costs and
will eventually fully offset the cost of the project. This project aligned with City Council strategy
focused on supporting environmental sustainability.
The financial policies currently used for budgeting also provide for the use of Internal Service funds to
assure resources are available to finance the replacement of public safety vehicles and apparatus,
computer systems, and some building components. The importance of being prepared to address long-
term needs has always been a key principle supported by the City Council. The City has also proactively
financed contributions to fund long-term retiree medical liabilities.
The City Council adopted a policy in accordance with GASB Statement 54, which establishes the
components of Fund Balance within the General Fund and how changes as the result of operations are to
be administered. The policy continues to support the long-term philosophy to be prudent and maintain
funds for future liabilities which may be both known as well as unknown. The City Council has also set
aside funds for specific projects and activities with the understanding that some goals require a long-
term view and incremental funding over a number of years before the project is undertaken.
AWARDS
The Government Finance Officers' Association (GFOA) has recognized the City of Dublin for its
Comprehensive Annual Financial Report covering the period ending June 30, 2015. A copy of the
award from this entity is included in this report. This award represents the 25th consecutive year that
the City's report was recognized by the GFOA. In order to be recognized, the City was required to
produce an easily readable and efficiently organized report. The report must also meet the standard for
generally accepted accounting principles and legal requirements.
XII
ACKNOWLEDGEMENTS
The preparation of this report was made possible by the collaborative efforts of staff in the
Administrative Services Department and other departments. A special thanks and acknowledgement
goes to Yuliana Tjeng, Senior Accountant, and Lisa Hisatomi, Assistant Director of Administrative
Services, as well as the professional staff at Maze and Associates. Of course the ultimate thanks are
afforded to the Mayor and City Council in their support and commitment to have the City's fmancial
reporting strive for excellence.
Sincerely,
Christopher L. Foss Colleen Tribby
City Manager Director of Administrative Services
Xlll
Government Finance Officers Association
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, 2015
Executive Director/CEO
XIV
CITY OF DUBLIN
PRINCIPAL OFFICERS
Fiscal Year 2015/2016
Vice Mayor
Abe Gupta
Councilmember
Don Biddle
Mayor
David Haubert
ADMINISTRATION PERSONNEL
City Manager
Assistant City Manager
City Attorney
Administrative Services Director
City Clerk
Chief of Police
Community Development Director
Economic Development Director
Fire Marshal
Human Resources Director
Parks & Community Services Director
Public Work Director
xv
Councilmem her
Kevin Hart
Councilmember
Doreen Wehrenberg
Chris Foss
Linda Smith
John Bakker
Colleen Tribby
Caroline Soto
Dennis Houghtelling
Luke Sims
Lori Taylor
Bonnie Terra
Julie Carter
James Rodems
Gary Huisingh
_Qrganizational Chart
XVI
INDEPENDENT AUDITOR'S RE.PORT
To the Honorable Mayor and Members of the City Council of Dublin
Dublin, California
Report on Financial Statements
We have audited the accompanying financial statements of the governmental activities, each major fund
and the aggregate remaining fund information of the City of Dublin (City), California, as of and for the
year ended June 30, 2016, and the related notes to the financial statements which collectively comprise
the City's basic financial statements as listed in the Table of Contents.
Management's Responsibility for the Financia~Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of the financial statements that are free from material misstatement, whether due to fraud or
error.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America and
the standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance as to whether the financial statements are free of material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the City's preparation
and fair presentation of these financial statements in order to design audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City's
internal control. Accordingly, we express no' such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
Accountancy Corporation
3478 Bus kirk Avenue, S uite 2 15
Pleasant Hill , CA 94523
T 925 .930 .0902
F 925 .930 .0 135
e maze@ mazeassociat es.com
w mazeassociat e s.com
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, each major fund, and the aggregate remaining
fund information of the City, as of June 30, 2016, and the respective changes in the financial position and
cash flows, where applicable, thereof and the respective budgetary comparisons listed as part of the basic
financial statements for the year then ended in conformity with accounting principles generally accepted
in the United States of America.
Emphasis of Matter
Change in Accounting Principle
The City changed its accounting policy during the year ended June 30, 2016. As a result, the City
adjusted the beginning fund balance of the Affordable Housing Special Revenue Fund as discussed in
Note lN to the financial statements.
The emphasis of this matter does not constitute a modification to our opinions.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that Management's
Discussion and Analysis, and other Required Supplemental Information be presented to supplement the
basic financial statements. Such information, although not a part of the basic financial statements, is
required by the Governmental Accounting Standards Board, who considers it to be an essential part of
financial reporting for placing the basic financial statements in an appropriate operational, economic or
historical context. We have applied certain limited procedures to the required supplementary information
in accordance with auditing standards generally accepted in the United States of America, which
consisted of inquiries of management about the methods of preparing the information and comparing the
information for consistency with management's responses to our inquiries, the basic financial statements,
and other knowledge we obtained during our audit of the basic financial statements. We do not express
an opinion or provide any assurance on the information because the limited procedures do not provide us
with sufficient evidence to express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City's basic financial statements as a whole. The Introductory Section, Supplemental
Information, and Statistical Section as listed in the Table of Contents are presented for purposes of
additional analysis and are not required parts of the financial statements.
2
The Supplemental Information is the responsibility of management and was derived from and relates
directly to the underlying accounting and other records used to prepare the basic financial statements.
The information has been subjected to the auditing procedures applied in the audit of the basic financial
statements and certain additional procedures, including comparing and reconciling such information
directly to the underlying accounting and other records used to prepare the basic financial statements or to
the financial statements themselves, and other additional procedures in accordance with auditing
standards generally accepted in the United States of America. In our opinion, the Supplemental
Information is fairly stated in all material respects in relation to the basic financial statements as a whole.
The Introductory and Statistical Sections have not been subjected to the auditing procedures applied in the
audit of the basic financial statements and, accordingly, we do not express an opinion or provide any
assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November 17,
2016, on our consideration of the City's internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, contracts, and grant agreements and other matters. The
purpose of that report is to describe the scope of our testing of internal control over financial reporting
and compliance and the results of that testing, and not to provide an opinion on the internal control over
financial reporting or on compliance. That report is an integral part of an audit performed in accordance
with Government Auditing Standards in considering the City's internal control over financial reporting
and compliance.
~~L j ~ /Y-)o~
Pleasant Hill, California
November 17,2016
3
This Page Left Intentionally Blank
Management's Discussion and Analysis (MDA) June 30, 2016
As management of the City of Dublin (City), we offer readers of the City's financial statements this
narrative overview and analysis of the financial activities of the City for the FY ended June 30, 2016.
Please read this overview in conjunction with the accompanying letter of transmittal and the
accompanying basic financial statements.
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the City's basic financial
statements, which are comprised of three components:
• Government-wide Financial Statements -These include the Statement of Net Position and
Statement of Activities. These statements provide information about the activities of the City as a
whole and about the overall financial condition of the City in a manner similar to a private-sector
business.
• Fund Financial Statements -These statements provide additional information about the City's
major funds, including how services were financed in the short term and fund balances available
for financing future projects.
• Notes to the Financial Statements -The notes provide additional detail that is essential to a full
understanding of the information provided in the Government-wide and Fund Financial
Statements.
In addition to the basic financial statements and accompanying notes, this report also presents certain
required supplementary information concerning the City's progress in funding its obligation to provide
pension benefits to its employees.
GOVERNMENT-WIDE FINANCIAL STATEMENTS -DESCRIPTION
These statements include all assets and liabilities of the City using the accrual basis of accounting, which
is similar to the accounting used by most private sector companies. All current year's revenues and
expenses are accounted for regardless of when the cash is paid or received.
These statements report the City's net position and changes to the net position during the FY. Net position
-the difference between assets and liabilities -are one way to measure the City's financial position. Over
time, increases or decreases in the net position are among indicators used to assess whether the financial
condition of the City is improving or deteriorating. However, it is also important to consider other
nonfinancial factors, such as: changes in the City's property tax values, sales tax outlets, and the condition
of the City's infrastructure (i.e. parks and streets), to accurately assess the overall health of the City.
The Government-wide statements present information about the City's activities, all of which are
considered governmental in nature. These include services provided for police, fire, community
development, streets, and culture and leisure. These services are funded from monies received from
property, sales and other taxes, direct charges for services provided, grants, contributions from other
agencies, and impact fees collected from new development.
5
GOVERNMENT-WIDE FINANCIAL STATEMENTS-ANALYSIS
Table 1 provides and analysis summarizing the year to year change in the Government-Wide net assets
reported for the City of Dublin. By definition the "net assets" are represented as the difference between
total assets and total liabilities.
TABLE 1: SUMMARY OF NET POSITION
June 30, 2016 and 2015
Governmental Activities
June 30, 2016 June 30, 2015 $Change % Change
Item
Current and other assets 228,952,110 203,229,734 25,722,376 12.7%
Notes receivable (See Note5) 14,614,947 9,632,631 4,982,316 51.7%
OPEB asset (Note 12) 996,376 (4,647) 1,001,023 -21541.3%
Capital assets 466,309,644 450,582,357 15,727,287 3.5%
Total Assets 710,873,077 663,440,075 47,433,002 7.1%
Deferred Outflows ofResources 1,997,928 1,067,859 930,069 87.10%
Current liabilities 23,586,470 21,175,785 2,410,685 11.4%
Noncurrent liabilities 17,787,418 13,939,533 3,847,885 27.6%
Total Liabilities 41,373,888 35,115,318 6,258,570 17.8%
Deferred Inflows of Resources 1,216,310 2,645,492 (1,429,182) -54.0%
Net investment in capital assets 460,963,292 444,832,546 16,130,746 3.6%
Restricted 97,592,438 74,738,217 22,854,221 30.6%
Unrestricted 111,725,077 107,176,361 4,548,716 4.2%
(See Note 8 to Financials for
Classification)
Total Net Assets 670,280,807 626,747,124 43,533,683 6.9%
As illustrated in the above table, the City's net position increased by $43.5 million (6.9%) during FY
2015-16. This is primarily due to the following:
• Total assets increased approximately $47.4 million, due primarily to increases in cash and
investments and accounts receivable, which are part of current assets, and in capital assets. Cash and
investments in the Dublin Crossing and Public Facility Fees funds increased by $15 million and $2
million, respectively, as large one-time development payments were received, in addition to
numerous smaller payments. Accounts receivable in the General Fund increased by $4 million, due
to the accrual of the triple flip (sales tax) close out payment for the FY, which was received after the
end of the FY. Capital assets increased by 15.7 million (3.5%) due primarily to significant progress
on capital improvement projects, including $20.8 million spent on the Emerald Glen Aquatics
Complex and $1.5 million on the Fallon Sports Park Phase II, both of which are projected to be
complete in mid-2017. Notes receivable increased in the Affordable Housing fund, as the City
committed to lending a total of $6.4 million for the Veterans Housing Apartments project, of which
$6 million has been funded as of June 30, 2016.
6
• Total liabilities also increased in FY 2015-16, with a net difference of $6.3 million over the prior
year. Current liabilities primarily represent obligations outstanding for current operations (accounts
payable), capital projects (such as retention payable), deferred revenue, and deposits held. Accounts
payable increased by $4.9 million due primarily to activity related to construction projects. On the
other hand, deposits held decreased by $2.3 million due to several large cash bonds from developers
being refunded during the year, as those projects were deemed complete. The increase in Noncurrent
liabilities was due to the increase of the City's Net Pension Liability by $2.3 million as well as the
new booking of the City's share of Alameda County Fire Department's OPEB obligation (see Note
14).
• The City's $461.0 million in capital assets represents 68.8% of the total reported net assets. Capital
asset investments include the City's investments in land, infrastructure, buildings, and equipment. As
the City uses these capital assets to provide current services to residents, the assets are not available
for future spending. The change in annual capital assets reflects both the addition of capital assets
(including construction in progress), less accumulated depreciation.
• Restricted assets, including the Affordable Housing Fund, impact fee funds and grant funds, are
resources that have external restrictions on their use. In FY 2015-16 the City's restricted assets
increased by $22.9 million. The Affordable Housing Fund balance increased $11.9 million due
primarily to the prior period adjustment, as the City changed its accounting policy related to loans
receivable in FY 2015-16 (see notes to financial statement no.IN). The collection of impact fees for
specific development projects, notably in the Public Facility Fees Fund and Traffic Impact Fees Fund,
as well as in the Public Art Fund (Special Revenue), also contributed to the increase of $13.3 million
in the restricted assets. These funds are restricted to specific capital improvement use. Approximately
$111.7 million of the City's total assets (an increase of $4.5 million over the prior year) are
unrestricted and may be used to meet the City's ongoing obligations to the community and to
creditors. The bulk of unrestricted assets are attributable to portions of the General Fund balance that
are already committed and assigned for specific purposes, in accordance with the City's Fund Balance
and Reserves Policy.
7
GOVERNMENTAL ACTIVITIES
Table 2 below provides a summary of major program expense categories, program revenues used to fund
specific expenses, and general City revenues available for funding all City programs. The information
presented here provides detail behind the numbers shown in the Summary of Net Position (Table 1).
TABLE 2: SUMMARY OF CHANGES IN NET POSITION
June 30, 2016 and 2015
June 30, 2016 June 30, 2015 $Change % Change
Revenues
Program Revenues
Charges For Services 26,051,835 21,569,439 4,482,396 20.8%
Operating Contributions & Grants 1,629,137 955,677 673,460 70.5%
Capital Grants & Contributions 38,433,119 21,931,981 16,501,138 75.2%
Total Program Revenue 66,114,091 44,457,097 21,656,994 48.7%
General Revenues
Property Taxes 33,598,601 29,437,951 4,160,650 14.1%
Special Assessments Taxes 1,359,212 1,264,204 95,008 7.5%
Sales Taxes 22,070,647 19,211,823 2,858,824 14.9%
Other Taxes 6,606,016 6,159,654 446,362 7.2%
Investment income, unrestricted 2,937,999 550,272 2,387,727 433.9%
IntergovernmentaL unrestricted 1,825,410 2,428,248 (602,838) -24.8%
Other general revenues 1,819,260 735,139 1,084,121 147.5%
Total General Revenue 70,217,145 59,787,291 10,429,854 17.4%
Total Revenues 136,331,236 104,244,388 32,086,848 30.8%
Expenses
Governmental activities:
General government 19,280,680 10,774,480 8,506,200 78.9%
Police 18,316,420 15,325,113 2,991,307 19.5%
Fire 14,725,476 12,198,769 2,526,707 20.7%
Public works 13,883,008 15,336,225 (1,453,217) -9.5%
Park and community services 14,625,459 12,149,716 2,475,743 20.4%
Economic development 555,564 679,313 (123,749) -18.2%
Community development 11,410,946 5,713,196 5,697,750 99.7%
Total Governmental Activites 92,797,553 72,176,812 20,620,741 28.6%
Increase In Net Position 43,533,683 32,067,576 11,466,107 35.8%
Net Position -Beginning of Year 626,747,124 594,679,548 32,067,576 5.4%
Net Position -End of Year 670,280,807 626,747,124 43,533,683 6.9%
8
As shown in Table 2, revenues from all sources totaled $136.3 million and expenses for all City programs
totaled $92.8 million in FY 2015-16. The City's net position increased $43.5 million, compared to $32.1
million in the prior year: that change is due predominantly to increased revenue from Property and Sales
taxes, revenues related to development projects, unrealized gains from investments and revenue from
recreation programs.
Revenues
Overall revenues increased $32.1 million, or 30.8%, in FY 2015-16 compared to the prior year. Changes
included:
• Charges for Services increased $4.5 million due mainly to the effect of the City changing its
accounting policy related to loans receivable in FY 2015-16. As a result of the change, there was
a $4.9 million ofrevenue recognized in Affordable Housing fund for the year.
• Capital Grants and Contributions increased $16.5 million due to increased one-time revenues
(Community Benefit Payments), public facility fees, traffic impact fees, fire impact fees and
public art in-lieu fees.
• Property Taxes increased $4.2 million, resulting from an increase to overall assessed property
valuations, and the incorporation of some recapture of previous values lost during the recession.
• Sales Taxes increased $2.9 million, due to strong growth in the auto sales, consumer spending,
and building and construction sectors.
• Investment income (unrestricted) increased $2.4 million, due primarily to the booking of a $1.9
million unrealized gain on investments at the end of FY 2015-16.
• Other general revenue increased due mostly to several one-time general reimbursements for street
projects, library improvement projects and an increase to the leased property rate.
Expenses
Total expenses increased $20.6 million, or 28.6% in FY 2015-16 compared to the prior year. The increase
in expenses was in line with the increase in revenue. The following factors contributed to the overall
mcrease:
• General Government expenses increased by $8.5 million due primarily to a large one-time
prepayment of the City's share of Alameda County Fire's OPEB liability during the year.
• Police expenses increased by $3 million due to increased costs charged by Alameda County, fuel
expenses, internal service charges and acquisitions of police vehicles during FY 2015-16.
• Fire expenses increased by $2.5 million due primarily to the first time City's OPEB obligation
recognition of $2.1 million for the Alameda County Fire Department (see Note 14) in addition to
increase in internal service charge for FY 2015-16.
• Public Works expenses decreased by $1.5 million as a result of large expenses in the prior year
that did not reoccur in FY 2015-16, related to work required for the newly acquired buildings last
year. In addition, the department had lower internal service charges, and lower staff costs due to
vacancies that occurred during the year.
9
• Parks and Community Services expenses increased $2.5 million as a result of constructions costs
for the new Camp Parks Military History Center, the acquisition of new cloud-based software for
recreation class registration, and increased costs of providing various recreational services ,
including sports and childcare programs, and City-sponsored events.
• Community Development expenses increased $5. 7 million due primarily to the new accounting
policy related to loans receivable in FY 2015-16 . During the year, the City lent approximately
$5 .5 million to fund new Veterans Housing Apartment project which increased the expense .
Revenues and Expenses by Category
The following chart presents the Government-Wide FY 2015-16 revenues in a pie chart format (in
thousands). Approximately 88% of the total revenue is related to four sources: 1) Capital Grants and
Contributions, 28%; 2) Property taxes , 25%; 3) Charges for Services , 19%; and 4) Sales tax, 16%. This is
relatively consistent with the prior year.
Sales Taxes
Other Taxes
$6,606, 5%
$22,071, 16% _____ _
Property Taxes
$33,599, 25%
Investment Income
$2 938 2%
' ' /Intergovernmental
$1,825, 2%
Other General
Revenues
$1,819, 1%
10
Charges for Services
$26,052, 19%
Operating Grants
& Contributions
$1,629, 1%
Capital Grants
& Contributions
$38,433, 28%
Government-Wide expenses in FY 2015-16 are shown below in the same pie chart format (in thousands).
Of the $92.8 million in total expenses, General Government and Police are the largest program costs ,
making up a combined 41 % of the total. Fire , Parks & Community Services and Public Works follow at
16%, 15%, and 15%, respectively.
Community
Development
$11,403, 12%
Parks & Community
Services
$14,752, 16%
Public Works
$13,875, 15%
FUND FINANCIAL STATEMENTS
Economic
Development
$554, 1% General Government
$19,174, 21%
Fire Services
$14,725, 16%
Police
___ $18,315, 19%
These statements provide more detailed information about the City's major funds. A fund is a grouping of
related accounts that is used to maintain control over resources that have been segregated for specific
activities or objectives. The City, like other state and local governments, uses fund accounting to ensure
and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be
divided into three categories: Governmental funds , Proprietary funds , and Fiduciary funds .
Governmental funds: Governmental funds are used to account for essentially the same functions reported
as governmental activities in the Government-wide financial statements . However, unlike the
Government-wide financial statements, Governmental fund financial statements focus on near-term
inflows and outflows of spendable resources , as well as on balances of spendable resources available at
the end of the FY. Such information may be useful in evaluating a government's near-term financing
requirements.
Because the focus of Governmental funds is narrower than that of the Government-wide financial
statements , it is useful to compare the information presented for Governmental funds with similar
information presented for governmental activities in the Government-wide financial statements . By doing
so, readers may better understand the long-term impact of the government's near-term financing
decisions. Both the Governmental fund balance sheet and Governmental fund statement of revenues ,
expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between
Governmental funds and governmental activities.
11
The City maintains fifty-two (52) individual Governmental funds. Information is presented separately in
the Governmental fund balance sheet and in the Governmental fund statement of revenues, expenditures,
and changes in fund balances for the following ten funds: General Fund; Affordable Housing Fund; four
Capital Project Funds (General Improvement Projects; Community Improvement Projects; Parks Projects;
Streets Projects); and four Impact Fee Funds (Public Facilities Impact Fees, Fire Impact Fees, Traffic
Impact Fees, and Dublin Crossings Contribution). These funds either qualify or the City requested them
to be classified as major funds due to their significance in the financing of new capital assets. Data from
the other forty-two ( 42) Governmental funds are combined into a single aggregated presentation, labeled
as Non-Major Governmental Funds. Individual fund data for each of these non-major governmental funds
is provided in the form of combining statements elsewhere in this report.
The City adopts an annual appropriated budget for each of its Governmental funds. A budgetary
comparison statement has been provided for each Governmental fund to demonstrate compliance with
this budget.
Proprietary funds: The City maintains one type of Proprietary fund. Internal service funds are an
accounting device used to accumulate and allocate costs internally among the City's various functions and
to build up reserves for future replacement of capital assets. These funds are also used to collect funds for
future retiree medical costs, which are then transferred to a trust. In FY 2006-07, the City established an
internal service fund component related to the pre-payment of the Public Employees Retirement System
side fund obligation. Charges are made to departments based on payroll to fully recover advanced
retirement payment over time. The City uses three internal service funds to account for its fleet of
vehicles, computer systems, other furniture and equipment, certain retiree costs and contributions, and
improvements to City buildings. In FY 2015-16, the City added a fourth internal service fund to account
for all costs related to information technology needs. Because these services solely benefit the
governmental function, they have been included within governmental activities in the Government-wide
financial statements.
Proprietary fund financial statements provide the same type of information as the Government-wide
financial statements, only in more detail. All four internal service funds are combined into a single,
aggregated presentation in the Proprietary fund financial statements. Individual fund data for the internal
service funds is provided in the form of combining statements elsewhere in this report.
Fiduciary funds: The Fiduciary fund section consists of six Agency Funds. The Dublin Boulevard
Extension Agency Fund is an improvement district with outstanding bonds. The City's role is that of a
trustee, or fiduciary, in collecting assessments and remitting bond payments. The City has no legal,
contingent or moral obligation for the repayment of this debt and merely ensures that the assets received
are used for their intended purposes. The City also provides a similar role for four Geologic Hazard
Abatement Districts. California Public Resources Code section 25670 establishes that these Districts are a
political subdivision of the State and not an agency or instrumentality of a local agency. The City
contractually provides support to collect funds in a fiduciary capacity and may also arrange for activities
funded by the Districts.
The City has served as the fiscal agent for Alameda County Associated Community Action Program
(ACAP) since 2011. The entity is a Joint Powers agency which the members have decided to proceed
with closing out all activities. The City role was limited to holding funds collected from members and
issuing payments as part of the close-out process.
These fiduciary activities are excluded from the City's fund financial statements because these assets
cannot be used to finance City operations. The activity for these funds, however, is provided for in a
separate combining statement contained elsewhere in this report.
12
FINANCIAL ANALYSIS OF THE GOVERNMENTAL FUNDS
At June 30, 2016, the City's governmental funds reported combined ending fund balances of $206.8
million, an increase of $34.3 million from the prior year. Table 3 below illustrates the net change in fund
balances over the prior year for these funds. A discussion of the changes follows the table; individual and
non-major funds may be found in the Supplemental.
TABLE 3: GOVERNMENTAL FUND BALANCE CHANGES
June 30, 2016 and 2015
June 30, 2016 June 30, 2015 $Change % Change
General Fund 109 ,184,026 97,706,494 11,477,532 11.7%
Affordable Housing Fund 25,526,669 13,607,857 11,918,812 87.6%
Capital Improvement Funds 60,282,217 50,385,192 9,897,025 19.6%
Other Governmental Funds 11,783,552 10,745,411 1,038,141 9.7%
Total Governmental Funds 206, 776,464 172,444,954 34,331,510 19.9%
GENERAL FUND
The General Fund is the chief operating fund of the City. Approximately $0.8 million of the balance is
non-spendable in the form of pre-paid expenses, advances to the Fire Impact Fee Fund and the PERS Side
Fund, and an endowment fund related to a City-owned historic cemetery. At the end of FY 2015-16, the
unassigned fund balance of the General Fund was $29 .9 million, representing approximately four months
of budgeted FY 2016-1 7 expenditures, with total fund balance at $109 .2 million. The unassigned amount
reflects an amount calculated for the unrealized gain on investments as well as an amount related to cash
flow for on-going operations. The remaining balances are committed or assigned in accordance with a
policy adopted by the City Council as discussed in Note 8 to the financial statements.
During FY 2015-16, General Fund revenues exceeded its expenditures by $13 .9 million, before transfers
out. Compared to the prior year, General Fund revenues came in $6.9 million higher, from $76.1 million
in FY 2014-15 to $82.9 million in FY 2015-16. This is due mainly to gains in Property Taxes and Sales
Taxes, which made up 40.5% and 25.2%, respectively, of all General Fund revenues in FY 2015-16. The
booking of unrealized gains also contributed $1.9 million to revenue at the end of the year.
Expenditures in General Fund departments totaled $69.0 million in FY 2015-16, staying nearly $6.5
million under the final budget (not including transfers out), but coming in $12.4 million higher than actual
expenditures in the prior year. This is primarily due to a $9.2 million one-time prepayment of the City's
OPEB unfunded actuarial accrued liability for both the Alameda County Fire Department as well for City
employees. Contracted service costs increased over the prior year approximately $2.2 million, and there
was a new internal service charge of $1.1 million to account for expenses in the Information Technology
internal service fund.
Also in FY 2015-16, the General Fund contributed $2.4 million towards capital project expenditures, an
increase of nearly $1 million over the prior year. The majority of this ($2 million) was for seed funding of
the Information Technology Fund to cover technological upgrades planned over the next two years.
13
AFFORDABLE HOUSING FUND
The Affordable Housing Fund is a special revenue fund which accounts for funds associated with the
Affordable Housing programs. The fund balance totaled $25.5 million at June 30, 2016, an increase of
nearly $12 million over the prior year. The change primarily reflects prior period adjustment resulting
from the adoption of a new accounting policy related to loans receivable coupled with housing loan
activities during the year (see Note lN).
CAPITAL IMPROVEMENTS FUNDS
As previously described, the City has included seven specific capital funds in the information presented as
part of the governmental funds. Four of the funds are used to capture expenditures related to active capital
projects that are underway. The four funds are: General Improvement Projects; Community Improvement
Projects; Parks Projects; and Streets Projects. Funding for the expenditures in these funds occurs via
transfers in from other funds. As of June 30, 2016 (as in the prior year), none of these funds carried a
balance. The following Capital Impact Fee Funds are also reported:
Public Facilities Fee Fund: This fund includes developer fees collected to develop parks and other
public facilities. Total revenue collected in FY 2015-16 was $15.4 million, an increase of $6.5 million
from the prior year, which was due primarily to some large one-time fee payments that were received
during the year. This revenue is collected when developers process Final Maps, resulting in payments of
park land dedication fees. Due to variations in project construction and acquisition timelines, expenditure
patterns will fluctuate. Expenses in FY 2015-16 totaled $0.04 million in this fund. The balance is
designated as restricted due to the fact that there are legal restrictions on its use, and it is not available for
general purposes.
Fire Impact Fees: This fund accounts for fees collected from new development to pay for the capital
cost associated with the provision of Fire Services. Total revenue collected in FY 2015-16 was $0.4
million, trending with what was collected in the prior year. In FY 2011-12 the City collected an advance
payment from the Jordan Ranch project, which will reduce fees collected as the property develops, since
the developers will have credits in-lieu of paying cash at the time of receiving a building permit. In
addition, collections will fluctuate with the normal variations in development activity.
The negative fund balance associated with this fund represents the repayment of a long term advance,
including interest, made from the City General Fund. In FY 2015-16 the amount owed to the General
Fund decreased by $0.4 million after accounting for interest on the outstanding balance. The total balance
owed to the General Fund, as of June 30, 2016 is $0.08 million. The balance is designated as restricted
due to the fact that there are legal restrictions on its use, and it is not available for general purposes.
Traffic Impact Fee Funds: These funds account for fees collected to construct major traffic
improvements necessary to facilitate development. Fees are levied and collected on development in
proportion to its impact on the transportation needs. Revenue collected in FY 2015-16 totaled $4.1
million (including interest earned), approximately $2.2 million less than was collected in the prior year.
The City expended approximately $0.5 million to reduce outstanding obligations. In addition,
approximately $1.1 million was transferred to the Streets Capital Project Fund for future project design
expenses. This resulted in a net increase of fund balance by $2.5 million. The balance is designated as
restricted due to the fact that there are legal restrictions on its use, and it is not available for general
purposes.
14
NON-MAJOR FUNDS
The City's non-major funds, which are all Special Revenue Funds, are presented in the basic financial
statements in the aggregate. Total fund balance increased $0.04 million in these funds. Based on the
designated use of the funds they can be arranged by function as shown in Table 4 below:
TABLE 4: ANALYSIS OF FUND BALANCES-
NON-MAJOR GOVERNMENTAL FUNDS, ARRANGED BY FUNCTION
June 30, 2016 and 2015
June 30, 2016 June 30, 2015 $Change % Change
Function
Public Safety 894,058 937,415 (43,357) -4.6%
Transportation 5,135,829 4,134,387 1,001,442 24.2%
Environmental 205,738 1,041,709 (835,971) -80.2%
Parks, Culture, Arts 2,898,546 3,338,687 (440,141) -13.2%
Heahh & Welfare 191,624 88,326 103,298 117.0%
Maintenance Districts 1,457,757 1,204,887 252,870 21.0%
TOTAL FUND BALANCE 10,783,552 10,745,411 38,141 0.4%
The full fund balances of these Special Revenue Funds are legally restricted to use under the programs
indicated in the Table above, and are not available for general purposes. The Transportation category
shows an increase in fund balance due to a higher distribution of taxes for improvements on streets and
roads. The decrease in Environmental balances is largely due to capital expenditures for the Storm Drain
Bypass Project. More information about these aggregated non-major funds can be found in the combining
statements following the required supplementary information.
15
GENERAL FUND BUDGETARY HIGHLIGHTS
A summary of the budgetary comparison schedule for the General Fund is shown in Table 5 below. The
complete schedule, as required, is included in the supplementary information following the notes to the
financial statements.
TABLE 5: SUMMARY OF GENERAL FUND ORIGINAL AND FINAL BUDGET AND ACTUAL
Period Ending June 30, 2016
Budget Amounts Actual Variance from
Or!ginal Final Amount Final Budget
REVENUE
Taxes 56,930,475 58,558,185 61,143,442 2,585,257
Intergovernmental 198,620 198,620 324,075 125,455
Licenses and permits 3,123,692 5,036,061 6,139,420 1,103,359
Charges for services 7,899,809 8,702,609 10,130,794 1,428,185
Use of money & property 1,409,264 1,409,264 4,052,725 2,643,461
Fines and forfeitures 109,932 109,932 116,016 6,084
Other revenue 1,034,095 847,963 1,021,569 173,606
Total Revenue 70,705,887 74,862,634 82,928,041 8,065,407
EXPENDITURE
General government 8,125,555 15,844,138 15,753,512 90,626
Police 17,542,644 18,144,652 17,647,757 496,895
Fire 12,172,265 12,288,489 11,923,462 365,027
Public Works 6,994,018 7,245,373 6,869,460 375,913
Parks and Community Services 11,819,671 12,681,545 10,749,113 1,932,432
Economic Development 1,118,816 1,287,943 604,777 683,166
Community develo2ment 5,607,316 6,034,439 5,499,222 535,217
Total Expenditure 63,380,285 73,526,579 69,047,303 4,479,276
OTHER FINANCING SOURCES (USES}
Transfer in 5,801 5,801
Transfer out {8,366,2922 {12,709,4962 {2,409,0072 10,300,489
Total other financing sources (uses) (8,366,292) (12,709,496) (2,403,206) 10,306,290
NET CHANGE IN FUND BALANCE (1,040,690) (11,373,441) 11,477,532 22,850,973
Over the course of the year, revisions were made to the City budget with adjustments that generally fall
into one of the following three categories:
• Adjustments to carry over operating budgets from the prior year.
• Adjustments to carry over capital expenditure budgets, typically in the form of transfers out to
capital improvement funds, from the prior year.
• Adjustments to revenue and expenditure budgets based on current economic conditions, new
revenue sources, and/or operational spending needs after the original budget was adopted.
16
In the General Fund total actual revenues exceeded the final budget by $8.l million as ofJune 30, 2016,
due mainly to the following factors:
• Taxes: $2.6 million higher than budget. Property Tax came in $0.7 million higher than budget,
as a result of overall growth property development in the City. Sales Tax came in $0.2 million
higher, after satisfying sales tax sharing arrangements. Property Transfer Tax came in $0.5
million higher, linked to a high volume of home sales in the community. High hotel occupancy
and increased room rates brought Transient Occupancy Tax revenue in $0.5 million over budget;
and Garbage and Cable franchise fee revenue came in $0.7 million above budget, due both to rate
increases and expanded services.
• Licenses and Permits: $1.1 million higher than budget. Building Permits came in $1.1 million
higher as a result of the acceleration of development activity during FY 2015-16. It is important
to note that these revenues are not long-term in nature, and that long-term forecasts incorporate a
significant reduction in such development-related income. Because there is a lag between the
receipt of revenue and the expense of related funds to provide the services, the City continues to
maintain a Service Continuity Reserve (currently at $3 .0 million) to ensure that there are future
funds to cover expenditures when development activity slows.
• Charges for Service: $1.4 million higher than budget. The City received $0.5 million in
revenue above the budgeted amount in reimbursement for services provided by Alameda County
Fire Services at the Santa Rita Jail. Additionally, Parks and Community Services revenue for the
sports programs, family programs and recreational activities outperformed budget estimates by a
combined $0.6 million.
• Other Revenue: $0.2 million higher than budget. This is primarily due to a catch-up
reimbursement for library utility and janitorial services for the past four years. With the
accelerated development in FY 2015-16 the City also received a number of smaller payments that
were related to existing development agreements.
General Fund expenditures came in $6.5 million lower than the final budget, reflecting overall savings
across departments. The following is a discussion of the changes:
• General Government: $2 million lower than budget. Unused salary contingencies (typically
used for merit increases) resulted in approximately $0.5 million in budget savings in FY 2015-16.
In addition, savings were realized in the administrative group due to unused budgets for the
acquisition of machinery and equipment, which were carried over to the current fiscal year.
Finally, contract services costs were $1.5 million lower than budget, for a variety of contracts that
were opened via the purchase order process, with the work extending and/or being carried over to
the current fiscal year.
• Police Services: $0.5 million lower than budget. This is due to the fact that the police dispatch
cost was not finalized by the Alameda County Sheriff Office by June 30; it will be reconciled in
FY 2016-17. Police services also realized savings in fuel and vehicle maintenance costs.
• Parks and Community Services: $1.9 million lower than budget. Some of the budget savings
resulted from staff vacancies throughout part of the year, and services and supplies also came in
lower than budget. Savings in Utilities reflects the City's movement to recycled water for parks
maintenance. In addition, some budgets for small-scale maintenance projects and routine
upgrades were not utilized until the beginning of the current fiscal year (e.g. dog park drainage
and renovation, library equipment upgrades, and tree pruning at the Shannon Community Center.)
• Economic Development: $0.7 million lower than budget. This was a result of the carryover
budgets from the prior year for the Commercial Fa9ade Improvement Program, which the City is
continuing into FY 2016-17, as well as to unused budgets for the Marketing and Branding
Campaign which is also continued in to the current fiscal year.
17
• Community Development: $0.5 million lower than budget. The primary driver of budget
savings in this department was the remaining budget for specific contracted services related to
development. These fluctuate with the City's activities and with the timelines for projects, and are
routinely carried over to the next budget year until the projects are closed.
CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
The City's investment in capital assets for its governmental activities, as of June 30, 2016, amount to
$461 million (net of accumulated depreciation). These capital assets includes land and streets right of
way, buildings, park and roadway improvements, vehicles and other equipment, and construction in
progress, as summarized in Table 6 below. During FY 2015-16, the City's investment in capital assets
increased by approximately $16 million (3.6%), due to additions to construction in progress.
TABLE 6: SUMMARY OF INVESTMENT IN CAPITAL ASSETS
June 30, 2016 and 2015
Gove mme ntal Activities
June 30, 2016 June 30, 2015 $Change
Land 171,301,925 171,301,925
Streets Right of Way 35,425,288 35,425,288
Construction in Progress 50,777,385 24,698,855 26,078,530
Infrastructure 386,792,065 386,792,065
Buildings and Improvements 75,790,206 75,790,206
Machinery and Equipment 15,002,735 14,835,774 166,960
Subtotal 735,089,604 708,844,113 26,245,490
Less: Accumulated Depreciation (268,779,9602 (258,261,756) (10,518,204)
Total Net of Depreciation 466,309,644 450,582,357 15,727,286
% Change
0.0%
0.0%
105.6%
0.0%
0.0%
1.1%
3.7%
4.1%
3.5%
The City continued its active Capital Improvement Program with significant progress made on a variety
of community assets. A comprehensive list of all CIP expenditures during FY 2015-16 is presented in
Table 7 below (this includes project costs that may not have any impact on changes to capital assets, such
as repairs or planning costs). For more detailed information of capital assets balances, see Note 6 to the
financial statements.
18
TABLE 7: SUMMARY OF CAPITAL IMPROVEMENT PROJECT ACTIVITY
As of June 30, 2016
PROJECT NAME ACTUAL STATUS FY2015/16
GENERAL IMPROVEMENTS 666,477
Police Building Renovation 6,043 Suspended
Police Services Building 519,527 In Progress
Maintenance Yard Facility Improvements 34,922 In Progress
Electronic Agenda System 67,423 Complete
Civic Center ModifJCation Design &Construction 18,563 In Progress
ADA Transition Plan -FY14/15 20,000 Complete
COMMUNITY IMPROVEMENTS 117,104
Sidewalk Safety Repair -FY14/15 116,396 Complete
Sidewalk Safety Repair -FY15/16 708 In Progress
PARKS 23,469,847
Emerald Glen Park Recreation & Aquatic Complex 20,803,727 In Progress
Dublin Crossing Community Park 42,625 In Progress
Sean Diamond Park 155,656 In Progress
Library Expansion -Center for 21st Cnty 10,761 In Progress
Shannon Center Parking Lot Improvements 87,590 In Progress
Fallon Sports Park Phase II 1,523,187 In Progress
Public Art -Emerald Glen Recreation 35,967 In Progress
Dublin Sports Ground Renovation 332,495 In Progress
Jordan Ranch Neighborhood Park 384,803 In Progress
Public Art -Fallon Sports Park 86,511 In Progress
Shannon Park Water Play Area 6,525 Complete
STREETS 3,652,808
Tassajara Road Realignment and Design 4,389 In Progress
Village Pkwy_Brighton Traffic Signal 14,571 In Progress
St. Patrick Way-Regional St to Golden Gate Dr. 33,666 In Progress
City Wide Storm Drain Condition 39,022 In Progress
Traffic Sign Inventory and Safety Review 35,931 In Progress
City Wide Signal Communitcation Upgrade 84,100 In Progress
City Irrigation Improvements 8,686 In Progress
Amador Plaza Road Bicycle and Pedestrian 326,925 In Progress
Dougherty Rd. Improve -Sierra Ln 1,035,921 In Progress
Dublin Blvd -Sierra Ct to Dublin 105,655 In Progress
Storm Drain Bypass San Ramon Rd 892,066 In Progress
Storm Drain Trash Capture Project 31,558 In Progress
Annual St Overlay Prog FY13/14 137,990 Complete
Annual St Overlay Prog FY14/15 214,005 Annual
Annual St Overlay Prog FY15/16 111,259 Annual
Annual Slurry Seal Prog FY14/15 520,863 Annual
Annual Slurry SealProg FY15/16 486 Annual
Dublin Ranch St Lght Pole Paint (FY14/15) 32,465 Complete
Dublin Ranch St Lght Pole Paint (FY15/16) 23,251 Annual
TOTAL 27,906,237
19
Debt
In FY 2012-13, the City entered into a lease financing arrangement to fund planned energy-efficient
improvements through an Energy Services Performance Contract with Chevron Solutions. The total
amount financed was $6.8 million, which was added to the City's long-term debt category, with an
average repayment of $0.6 million annually for fourteen years. FY 2013-14 was the first year the City
began to repay this debt. For more detailed information of debt balances and repayment schedules, see
Note 7 to the financial statements.
ECONOMIC FACTORS AND NEXT YEAR'S BUDGET
The City is currently preparing its budget for FY 2017-18, which is the second year in a two-year budget
cycle. Although Property Tax and Sales Tax have shown significant gains in the last two years, contract
costs and ongoing maintenance of new facilities remains a concern in the long-term perspective.
As discussed in the Transmittal Letter, the current level of revenue growth is not expected to continue as
the City nears build-out. The most current 10-Year Forecast projects an operating deficit of $1.3 million
by FY 2021-22, which could grow to $5.6 million by FY 2024-25. Accordingly, in the next budget cycle
the City will focus not only on continuing to provide a high level of community service and maintain top-
notch facilities, but to consider long-term budget balancing solutions while shoring up contingency
reserves.
Copies of the adopted Budget and Financial Plan are available online at www.dublin.ca.gov.
REQUESTS FOR INFORMATION
This financial report is designed to provide a general overview of the financial position of the City for all
those with an interest in the government's finances. Questions concerning any of the information
provided in this report or requests for additional financial information should be addressed to the
following address: City of Dublin, Finance Department, 100 Civic Plaza, Dublin, CA 94568. A copy of
this financial report is also located at the City's website -www.dublin.ca.gov.
20
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2016
GOVERNMENT-WIDE FINANCIAL STATEMENTS
STATEMENT OF NET POSITION
AND STATEMENT OF ACTIVITIES
21
CITY OF DUBLIN
STATEMENT OF NET POSITION
JUNE 30, 2016
ASSETS
Current assets:
Cash and investments (Note 3)
Accounts receivable
Accrued interest receivable
Prep aids
Total current assets
Noncurrent assets:
Notes receivable (Note 5)
Net OPEB asset -City ofDublin (Note 1 lA)
Capital assets (non-depreciable) (Note 6):
Land
Streets right of way
Construction in progress
Capital assets (depreciable) (Note 6):
Infrastructure
Building and improvements
Vehicles and equipment
Less accumulated depreciation
Total capital assets
Total noncurrent assets
Total Assets
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows of resources related to pension (Note 10)
LIABILITIES
Current liabilities:
Accounts payable
Accrued wages and other payroll liabilities
Deposits payable
Contract retention payable
Other payables
Unearned revenue
Compensated absences -Due within one year (Note lG)
Long-term debt (Note 7):
Due in one year
Total current liabilities
Non current liabilities:
Claims payables (Note 12)
Compensated absence (Note lG)
Net OPEB obligation -Dublin Regional Fire Authority (Note 1 lB)
Net OPEB obligation -Alameda County Fire Department (Note 14)
Net pension liability (Note 10)
Long-term debt (Note 7):
Due in more than one year
Total noncurrent liabilities
Total Liabilities
22
Governmental
Activities
$218,162,133
10,073,465
511,837
204,675
228,952,110
14,614,947
996,376
171,301,925
35,425,288
50,777,385
386,792,065
75,790,206
15,002,735
(268,779,960)
466,309,644
481,920,967
710,873,077
1,997,928
18,586,047
512,183
2,939,902
57,625
179,421
190,086
692,096
429,110
23,586,470
36,393
296,613
326,581
2,060,000
10,150,589
4,917,242
17,787,418
41,373,888
CITY OF DUBLIN
STATEMENT OF NET POSITION (Continued)
JUNE 30, 2016
DEFERRED INFLOWS OF RESOURCES
Deferred inflows of resources related to pension (Note 10)
NET POSITION (Note 8)
Net Investment in capital assets
Restricted for:
Public safety
Impact fee projects
Highways and streets
Health and welfare
Culture and leisure
Total restricted
Unrestricted
Total Net Position
See accompanying notes to financial statements
23
1,216,310
460,963,292
894,058
63,697,369
6,256,383
26,261,264
483,364
97,592,438
111,725,077
$670,280,807
Governmental Activities:
General government
Police
Fire
Public works
Park and community services
Economic development
Community development
Total Governmental Activities
General revenues:
Taxes
Property taxes
Special assessment taxes
Sales tax
Other taxes
Total Taxes
Intergovernmental, unrestricted
Miscellaneous
Unrestricted investment earnings
Total general revenues
Change in Net Position
Net position:
Beginning of year
Endofyear
CITY OF DUBLIN
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2016
Charges for
Ex.eenses Services
$19,280,680 $5,209,378
18,316,420 362,054
14,725,476 1,633,056
13,883,008 2,698,767
14,625,459 2,931,553
555,564
11,410,946 13,217,027
$92,797,553 $26,051,835
See accompanying notes to financial statements
24
Pro~am Revenues
Operating Capital
Grants and Contributions
Contributions and Grants
$1,305,911 $38,278,688
2,500
134,521 2,200
132,979 23,705
102
53,226 128,424
$1,629,137 $38,433,119
Total
Program
Revenues
$44, 793,977
364,554
1,633,056
2,835,488
3,088,237
102
13,398,677
$66,114,091
Net (Expense)
Revenue and
Changes in
Net Position
Governmental
Activities
$25,513,297
(17,951,866)
(13,092,420)
(11,047,520)
(11,537,222)
(555,462)
1,987,731
(26,683,462)
33,598,601
1,359,212
22,070,647
6,606,016
63,634,476
1,825,410
1,819,260
2,937,999
70,217,145
43,533,683
626,747,124
$670,280,807
25
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FUND FINANCIAL STATEMENTS
The funds described below were determined to be Major Funds by the City in Fiscal Year 2015-2016. Individual
non-major funds may be found in the Supplemental.
The General Fund -is the governments primary operating fund. It accounts for all financial resources of the
City, except those required to be accounted for in another fund.
The Affordable Housing Special Revenue Fund -is used to account for in-lieu fees received from developers of
properties, which can only be used for the design, development, and construction of citywide affordable housing
projects and/or support of affordable housing programs.
The General Improvements Projects Capital Projects Fund -is used to manage the programming of funds and
activities associated with major Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that are general in nature and are not Streets, Parks,
or Community Improvements projects.
The Community Improvements Projects Capital Projects Fund -is used to manage the programming of funds
and activities associated with major Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would promote or enhance redevelopment,
revitalization, beautification of the City's infrastructure and are not General Improvements, Streets or Parks
related projects.
The Parks Projects Capital Projects Fund -is used to manage the programming of funds and activities
associated with major Capital Improvements Projects. The Fund accumulates resources for capital expenditures
and utilizes those resources to support projects that would construct, improve, or enhance the City's parks and
facilities.
The Streets Projects Capital Projects Fund -is used to manage the programming of funds and activities
associated with major Capital Improvements Projects. The Fund accumulates resources for capital expenditures
and utilizes those resources to support projects that would construct, improve, or enhance the City's trails,
highways, streets, roads, bridges, as well as street lighting, and storm drain systems.
The Public Facilities Impact Fees Capital Projects Fund -is used to account for impact fees received from
developers of properties, which can only be used for the design, development, and construction of new public
facilities within the City.
The Fire Impact Fees Capital Projects Fund -is used to account for impact fees received from developers of
properties, which can only be used for the design, development, and construction of fire capital expansion
projects within the City.
The Traffic Impact Fees Capital Projects Fund -is used to account for impact fees received from developers of
properties, which can only be used for the design, development and construction of street and highway projects
which serve as part of the City's transportation network.
The Dublin Crossing Contribution Capital Projects Fund -accounts for community benefit payments specific
to the Dublin Crossings Project, separate from any developer impact fees generated by the project.
27
ASSETS
Cash and investments (Note 3)
Accounts receivable
Accrued interest receivable
Due from other funds (Note 4B)
Notes receivable (Note 5)
Advances to ISF PERS Side Fund (Note 4C)
Advances to other funds (Note 4C)
Prep aids
Total Assets
LIABILITIES
Accounts payable
Accrued wages and other payroll liabilities
Deposits payable
Contract retention payable
Other payables
Unearned revenue
Due to other funds (Note 4B)
Advances from other funds (Note 4C)
Total Liabilities
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue -accounts receivable
Total Deferred Inflows of Resources
FUND BALANCES (DEFICITS) (Note 8)
Non-spendable
Restricted
Committed
Assigned
Unassigned
Total Fund Balances (Deficits)
Total Liabilities, Deferred Inflows of
Resources and Fund Balances
CITY OF DUBLIN
GOVERNMENTAL FUNDS
BALANCE SHEET
JUNE 30, 2016
S£ecial Revenue Fund
Affordable
General Housing
$112,073,425 $10,576,929
8,670,985 351,880
509,342
1,663,105
14,614,947
549,949
80,673
39,262
$123,586,741 $25,543,756
$10,654,666 $5,279
512,183
2,843,197 11,808
179,421
190,086
14,379,553 17,087
23,162
23,162
729,883
579,000 25,526,669
38,928,755
39,078,695
29,867,693
109,184,026 25,526,669
$123,586,741 $25,543,756
General
Improvements
Projects
$230,710
$230,710
$230,710
230,710
$230,710
See accompanying notes to financial statements
28
CaEital Projects Funds
Co= unity
Improvements Parks
Projects Projects
$9,111 $5,893,857
$9,lll $5,893,857
$5,795 $5,893,857
3,316
9,111 5,893,857
$9,lll $5,893,857
Capital Projects Funds
Public Fire Traffic Dublin Other Total
Streets Facilities Impact Impact Crossing Governmental Governmental
Projects Impact Fees Fees Fees Contribution Funds Funds
$237,592 $26,162,969 $20,669,914 $14,447,100 $12,806,527 $203, 108, 134
181,110 869,490 10,073,465
2,495 511,837
1,663,105
14,614,947
549,949
80,673
39,262
$237,592 $26,162,969 $20,851,024 $14,447,100 $13,678,512 $230,641,372
$183,283 $1,043,655 $231,434 $18,248,679
512,183
$54,548 30,349 2,939,902
54,309 57,625
179,421
190,086
1,633,177 1,633,177
$80,673 80,673
237,592 80,673 1,043,655 54,548 1,894,960 23,841,746
23,162
23,162
729,883
26,162,969 19,807,369 14,392,552 12,956,922 99,425,481
38,928,755
39,078,695
{80,673} {l, 173,370} 28,613,650
26,162,969 {80,673} 19,807,369 14,392,552 11,783,552 206,776,464
$237,592 $26, 162,969 $20,851,024 $14,447,100 $13,678,512 $230,641,372
29
CITY OF DUBLIN
Reconciliation of the
GOVERNMENTAL FUNDS --BALANCE SHEET
with the
STATEMENT OF NET POSITION
JUNE 30, 2016
Total fund balances reported on the governmental funds balance sheet
Amounts reported for Governmental Activities in the Statement ofNet Position
are different from those reported in the Governmental Funds above because of the following:
CAPITAL ASSETS
Capital assets used in Governmental Activities are not current assets or financial resources and
therefore are not reported in the Governmental Funds.
ALLOCATION OF INTERNAL SERVICE FUND NET POSITION
Internal service funds are not governmental funds. However, they are used by management to
charge the costs of certain activities, such as insurance and central services and maintenance
to individual governmental funds. The net current assets of the Internal Service Funds are therefore
included in Governmental Activities in the following line items in the Statement ofNet Position
Cash and investments
Prepaid items
Capital assets
Accounts payable and accruals
Interfund balance
Capital lease
ACCRUAL OF NON-CURRENT REVENUES AND EXPENSES
$15,053,999
165,413
47,864,988
(337,368)
(579,877)
(5,346,352)
Revenues which are unavailable on the Fund Balance Sheets because they are not available currently
are taken into revenue in the Statement of Activities.
WNG-TERM ASSETS AND LIABILITIES
The assets and liabilities below are not due and payable in the current period and therefore are not
reported in the Funds:
Collective net pension liability, and related deferred outflows and inflows ofresources
Net OPEB asset-City of Dublin 996,376
Net OPEB obligation -Dublin Regional Fire Authority (326,581)
Net OPEB obligation -Alameda County Fire Department (2,060,000)
Compensated absences (988,709)
Non-current portion of general liability claims (36,393)
NET POSITION OF GOVERNMENTAL ACTIVITIES
See accompanying notes to financial statements
30
$206,776,464
418,444,656
56,820,803
23,162
(9,368,971)
(2,415,307)
$670,280,807
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CITY OF DUBLIN
GOVERNMENTAL FUNDS
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2016
Special
Revenue Fund CaEital Projects Funds
General Community
Affordable Improvements Improvements Parks
General Housing Projects Projects Projects
REVENUES
Property taxes $33,598,601
Sales tax 20,938,826
Other taxes 6,606,015
Intergovernmental 324,075
Licenses and permits 6,139,420
Charges for service 10,130,794 $27,476
Interest 2,937,978 114,727
Use of property 1,114,747 5,637,117
Fines and forfeitures 116,016
Developer fees 2,272,774
Other revenue 1,021,569 128,424
Special assessments
Total Revenues 82,928,041 8,180,518
EXPENDITURES
Current:
General Government 15,753,512 92,310 $15,921 $854 $4,967
Police 17,647,757
Fire 11,923,462
Public works 6,869,460
Park and community services 10,749,113
Economic development 604,777
Community development 5,499,222 5,802,027
Capital outlay:
General improvements 666,478
Community improvements 117,104
Parks 23,469,847
Streets
Total Expenditures 69,047,303 5,894,337 682,399 117,958 23!474,814
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 13,880,738 2,286,181 ~682,399} ~117,958} ~23,474,814}
OTHER FINANCING SOURCES (USES)
Transfers in (Note 4A) 5,801 666,477 117,104 23,469,847
Transfers (out) (Note 4A) (2,409,007}
Total Other Financing Sources (Uses) ~2,403,206} 666,477 117,104 23,469,847
NET CHANGE IN FUND BALANCES 11,477,532 2,286,181 (15,922) (854) (4,967)
BEGINNING FUND BALANCES (DEFICIT)
AS ADIDSTED (NOTE lN) 97,706,494 23,240,488 15,922 854 4,967
ENDING FUND BALANCES (DEFICIT) $109,184,026 $25,526,669
See accompanying notes to fmancial statements
32
Capital Projects Funds
Public Fire Traffic Dublin Other Total
Streets Facilities Impact Impact Crossing Governmental Governmental
Projects Impact Fees Fees Fees Contribution Funds Funds
$33,598,601
$1,131,821 22,070,647
6,606,015
2,979,446 3,303,521
6,139,420
3,688,111 13,846,381
$346,254 $172,613 $11,277 107,091 3,689,940
6,751,864
174,855 290,871
15,091,483 $390,513 3,969,043 15,000,000 516,809 37,240,622
$21,500 152,362 1,323,855
1,359,214 1,359,214
21,500 15,437,737 390,513 4,141,656 15,011,277 10,109,709 136,220,951
579 497,296 3,745,519 20,110,958
239,233 17,886,990
342,152 12,265,614
1,042 1,745,821 8,616,323
42,072 10,791,185
604,777
47,425 11,348,674
666,478
117,104
23,469,847
3,652,808 3,652,808
3,652,808 42,072 579 498,338 6,120,150 109,530,758
(3,631,308) 15,395,665 389,934 3,643,318 15,011,277 3,989,559 26,690,193
3,652,808 27,912,037
{22,897,019} {l,096,116} {549,791} (2,951,418} (29,903,351}
3,652,808 (22,897,019} (1,096, 116} (549,791} (2,951,418} (1,991,314}
21,500 (7,501,354) 389,934 2,547,202 14,461,486 1,038,141 24,698,879
(21,500} 33,664,323 {470,607} 17,260,167 {68,934} 10,745,411 182,077,585
$26,162,969 {$80,673) $19,807,369 $14,392,552 $11,783,552 $206,776,464
33
CITY OF DUBLIN
Reconciliation of the
NET CHANGE IN FUND BALANCES -TOTAL GOVERNMENTAL FUNDS
with the
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2016
The schedule below reconciles the Net Changes in Fund Balances reported on the Governmental Funds Statement of
Revenues, Expenditures and Changes in Fund Balance, which measures only changes in current assets and current
liabilities on the modified accrual basis, with the Change in Net Position of Governmental Activities reported in the
Statement of Activities, which is prepared on the full accrual basis.
NET CHANGE IN FUND BALANCES -TOTAL GOVERNMENTAL FUNDS
Amounts reported for governmental activities in the Statement of Activities
are different because of the following:
CAPITAL ASSET TRANSACTIONS
Governmental Funds report capital outlays as expenditures. However,
in the Statement of Activities the cost of those assets is capitalized and allocated over
their estimated useful lives and reported as depreciation expense.
Capitalized expenditures are therefore added back to fund balance
Gain on disposal is added back to fund balance
Depreciation expense is deducted from the fund balance. The amount excludes the
depreciation of$2,664,036 for Internal Service Funds
ACCRUAL OF NON-CURRENT ITEMS
The amounts below included in the Statement of Activities do not provide or (require) the use of
current financial resources and therefore are not reported as revenue or expenditures in
governmental funds (net change):
Compensated absences
Claims liability
Collective net pension liability
OPEB asset -City of Dublin
OPEB obligation -Dublin Regional Fire Authority
OPEB obligation -Alameda County Fire Department
ALLOCATION OF INTERNAL SERVICE FUND ACTIVITY
Internal Service Funds are used by management to charge the costs of certain activities,
such as equipment acquisition, maintenance, and insurance to individual funds.
The portion of the net revenue (expense) of these Internal Service Funds arising out
of their transactions with governmental funds is reported with governmental activities,
because they service those activities.
Change in Net Assets -All Internal Service Funds
CHANGE IN NET POSITIONS OF GOVERNMENTAL ACTIVITIES
See accompanying notes to financial statements
34
$24,698,879
26,282,439
3,532
(8, 178,059)
(35,457)
118,107
46,098
1,001,023
591
(2,071,903)
1,668,433
$43,533,683
CITY OF DUBLIN
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Original Final
REVENUES
Property taxes $31, 786,036 $32,913,746
Sales tax 20,236,439 20,736,439
Other taxes 4,908,000 4,908,000
Intergovernmental 198,620 198,620
Licenses and permits 3,123,692 5,036,061
Charges for services 7,899,809 8,702,609
Interest 466,191 466,191
Use of property 943,073 943,073
Fines and forfeitures 109,932 109,932
Other revenue 1,034,095 847,963
Total Revenues 70,705,887 74,862,634
EXPENDITURES
Current:
General government 8,125,555 15,844,138
Police 17,542,644 18,144,652
Fire 12,172,265 12,288,489
Public works 6,994,018 7,245,373
Park and community services 11,819,671 12,681,545
Economic development 1,118,816 1,287,943
Community development 5,607,316 6,034,439
Total Expenditures 63,380,285 73,526,579
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 7,325,602 1,336,055
OTHER FINANCING SOURCES (USES)
Transfers in (Note 4A)
Transfers (out) (Note 4A) (8,366,292) (12, 709,496)
Total Other Financing Sources (Uses) (8,366,292) (12, 709,496)
NET CHANGE IN FUND BALANCE ($1,040,690) ($11,373,441)
BEGINNING FUND BALANCE
ENDING FUND BALANCE
See accompanying notes to financial statements
35
Actual Amounts
$33,598,601
20,938,826
6,606,015
324,075
6,139,420
10,130,794
2,937,978
1,114,747
116,016
1,021,569
82,928,041
15,753,512
17,647,757
11,923,462
6,869,460
10,749,113
604,777
5,499,222
69,047,303
13,880,738
5,801
(2,409,007)
(2,403,206)
11,477,532
97,706,494
$109,184,026
Variance with
Final Budget
Positive
(Negative)
$684,855
202,387
1,698,015
125,455
1,103,359
1,428,185
2,471,787
171,674
6,084
173,606
8,065,407
90,626
496,895
365,027
375,913
1,932,432
683,166
535,217
4,479,276
12,544,683
5,801
10,300,489
10,306,290
$22,850,973
CITY OF DUBLIN
AFFORDABLE HOUSING SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Original Final Actual Amounts
REVENUES:
Interest
Loan repayment
Charges for services
Developer fees
Other revenue
Total Revenues
EXPENDITURES:
Current:
General government
Community development
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in (Note 4A)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE, AS ADJUSTED (NOTE IN)
ENDING FUND BALANCE
$57,796 $57,796
37,512 37,512
1,370,000 2,370,000
1,465,308 2,465,308
29,550 109,550
732,397 7,303,932
761,947 7,413,482
703,361 (4,948,174)
6,600 6,600
6,600 6,600
$709,961 ($4,941,5742
See accompanying notes to financial statements
36
$114,727
5,637,117
27,476
2,272,774
128,424
8,180,518
92,310
5,802,027
5,894,337
2,286,181
2,286,181
23,240,488
$25,526,669
Variance with
Final Budget
Positive
(Negative)
$56,931
5,637,117
(10,036)
(97,226)
128,424
5,715,210
17,240
1,501,905
1,519,145
7,234,355
(6,6002
(6,6002
$7,227,755
PROPRIETARY FUNDS
Proprietary funds account for City operations :financed and operated in a manner similar to a private business
enterprise. The intent of the City is that the cost of providing goods and services be financed primarily through user
charges.
37
ASSETS
Current Assets:
Cash and investments (Note 3)
Prepaid items
Total current assets
Noncurrent Assets:
Capital assets (Note 6):
Land
Construction in progress
Building and improvements
Vehicles and equipment
CITY OF DUBLIN
PROPRIETARY FUNDS
STATEMENT OF NET POSITION
JUNE 30, 2016
Less: accumulated depreciation
Total noncurrent assets
Total Assets
LIABILITIES
Current Liabilities:
Accounts payable and accruals
Due to other funds (Note 4B)
Capital lease (Note 7)
Total current liabilities
Non-Current Liabilities:
Capital lease (Note 7)
Advances from other funds (Note 4C)
Total Liabilities
NET POSITION (Note 8)
Net investment in capital assets
Unrestricted
Total Net Position
See accompanying notes to financial statements
38
Governmental
Activities-
Intemal Service
Funds
$15,053,999
165,413
15,219,412
10,774,792
3,440,836
63,094,195
6,705,847
(36,150,682)
47,864,988
63,084,400
337,368
29,928
429,110
796,406
4,917,242
549,949
6,263,597
42,518,636
14,302,167
$56,820,803
CITY OF DUBLIN
PROPRIETARY FUNDS
STATEMENT OF REVENUE, EXPENSES
AND CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2016
OPERATING REVENUES
Charges for services
Interest
Other revenue
Total Operating Revenues
OPERATING EXPENSES
Supplies and services
OPEB expenses
Depreciation
Interest and fiscal charges
Total Operating Expenses
Operating Loss
NONOPERATING REVENUES (EXPENSES)
Interest income
Gain from sales of property
Total Nonoperating Revenues
Loss Before Transfers
Capital contributions
Transfer in (Note 4A)
Transfer out (Note 4A)
Change in net position
Net Position-Beginning of year
Net Position-Ending of year
See accompanying notes to financial statements
39
Governmental
Activities-
Intemal Service
Funds
$4,994,607
760
499,725
5,495,092
1,402,152
1,838,833
2,664,036
147,195
6,052,216
(557,124)
110,285
10,670
120,955
(436,169)
113,288
2,000,000
(8,686)
1,668,433
55,152,370
$56,820,803
CITY OF DUBLIN
PROPRIETARY FUNDS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from other funds
Payments to suppliers and service providers
Interest
Other revenues
Net cash flows from operating activities
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Payments from other funds
Payments to other funds
Cash Flows from Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Interest paid on capital lease
Capital lease repayment
Purchase of capital assets
Proceeds from sales of capital assets
Cash Flows from Capital and Related Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES
futerest received
Cash Flows from Investing Activities
Net Cash Flows
Cash and investments at beginning of year
Cash and investments at end of year
Reconciliation of operating loss to
net cash provided by operating activities:
Operating loss
Adjustments to reconcile operating loss to
net cash provided by operating activities:
Depreciation
Interest and fiscal charges
Change in assets and liabilities:
Accounts receivable
Prepaid items
Accounts payable and accruals
Net cash flows from operating activities
NON-CASH TRANSACTIONS
Capital contributions
See accompanying notes to financial statements
40
Governmental
Activities-
Internal Service
Funds
$5,201,637
(3,408,040)
760
499,725
2,294,082
2,029,928
(376,742)
1,653,186
(147,195)
(403,459)
(183,396)
23,943
(710,107)
110,285
110,285
3,347,446
11,706,553
$15,053,999
($557,124)
2,664,036
147,195
167,527
(125,910)
(1,642)
$2,294,082
$113,288
FIDUCIARY FUNDS
Agency funds are used to account for assets held by the City as an agent for individuals, private organizations,
and other governments. The financial activities of these funds are excluded from the Entity-wide financial
statements, but are presented in separate Fiduciary Fund financial statements.
41
CITY OF DUBLIN
FIDUCIARY FUNDS
STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2016
ASSETS
Cash and investments (Note 3)
Accounts receivable
Due from trustee
Total Assets
LIABILITIES
Accounts payable
Due to trustee
Due to bondholders
Total Liabilities
See accompanying notes to financial statements
42
Agency
Fund
$5,291,214
10,907
2,721
$5,304,842
$6,362
5,289,890
8,590
$5,304,842
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The fmancial statements and accounting policies of the City conform with generally accepted accounting
principles applicable to governments. The Governmental Accounting Standards Board (GASB) is the
accepted standard-setting body for establishing governmental accounting and fmancial reporting principles.
Significant accounting policies are summarized below:
A. Reporting Entity
The City is a residential community with a significant regional commercial base, located in the TriValley
area of Alameda County, California at the crossroads of Interstate Freeways 580 and 680. The City was
incorporated as a municipal corporation on February 1, 1982. The total population estimate published by
the California Department of Finance for January 1, 2016 was 57,349. This figure includes prisoners
housed at the Alameda County Sheriffs Department Santa Rita Jail and at the Federal Correctional
Institute. The City of Dublin was ranked based on total population at #156 out of 482 cities within
California.
The City operates under the Council-Manager form of government, with five elected Council members
served by a full-time City Manager and staff. At June 30, 2016, the City's staff was comprised of 85
authorized permanent employees who were responsible for City-provided services. The City provides many
traditional municipal services through contracts with both public and private agencies. Approximately
131.85 contract employees provide a variety of municipal services from City facilities. As of June 30, 2016,
the City had approximately 105 temporary and seasonal personnel that were on active payroll status.
B. Basis of Presentation
The City's Basic Financial Statements are prepared in conformity with accounting principles generally
accepted in the United States of America. The Government Accounting Standards Board is the
acknowledged standard setting body for establishing accounting and fmancial reporting standards followed
by governmental entities in the U.S.A.
These Standards require that the financial statements described below be presented.
Government-wide Statements: The Statement of Net Position and the Statement of Activities display
information about the primary government (the City). These statements include the financial activities of
the overall City government, except for fiduciary activities. Governmental activities generally are financed
through taxes, intergovernmental revenues, and other nonexchange transactions.
The Statement of Activities presents a comparison between direct expenses and program revenues for each
function of the City's governmental activities. Direct expenses are those that are specifically associated with
a program or function and, therefore, are clearly identifiable to a particular function. Program revenues
include (a) charges paid by the recipients of goods or services offered by the programs, (b) grants and
contributions that are restricted to meeting the operational needs of a particular program and ( c) fees, grants
and contributions that are restricted to financing the acquisition or construction of capital assets. Revenues
that are not classified as program revenues, including all taxes, are presented as general revenues.
43
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Fund Financial Statements: The fund financial statements provide information about the City's funds,
including fiduciary funds. Separate statements for each fund category -governmental, proprietary, and
fiduciary -are presented. The emphasis of fund financial statements is on major individual governmental
and enterprise funds, each of which is displayed in a separate column. All remaining governmental and
enterprise funds are aggregated and reported as nonmajor funds.
Proprietary fund operating revenues, such as charges for services, result from exchange transactions
associated with the principal activity of the fund. Exchange transactions are those in which each party
receives and gives up essentially equal values. Nonoperating revenues, such as subsidies and investment
earnings, result from nonexchange transactions or ancillary activities.
C. Major Funds
Major funds are defined as funds that have either assets, liabilities, revenues or expenditures/expenses equal
to ten percent of their fund-type total and five percent of the grand total. The General Fund is always a
major fund. The City may also select other funds it believes should be presented as major funds.
The City reported the following major governmental funds in the accompanying financial statements:
The General Fund -is the governments primary operating fund. It accounts for all financial resources of
the City, except those required to be accounted for in another fund.
The Affordable Housing Special Revenue Fund -is used to account for in-lieu fees received from
developers of properties, which can only be used for the design, development, and construction of citywide
affordable housing projects and/or support of affordable housing programs.
The General Improvements Projects Capital Projects Fund -is used to manage the programming of funds
and activities associated with major Capital Improvements Projects. The Fund accumulates resources for
capital expenditures and utilizes those resources to support projects that are general in nature and are not
Streets, Parks, or Community Improvements projects.
The Community Improvements Projects Capital Projects Fund -is used to manage the programming of
funds and activities associated with major Capital Improvements Projects. The Fund accumulates resources
for capital expenditures and utilizes those resources to support projects that would promote or enhance
redevelopment, revitalization, beautification of the City's infrastructure and are not General Improvements,
Streets or Parks related projects.
The Parks Projects Capital Projects Fund -is used to manage the programming of funds and activities
associated with major Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would construct, improve, or enhance the
City's parks and facilities.
The Streets Projects Capital Projects Fund -is used to manage the programming of funds and activities
associated with major Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would construct, improve, or enhance the
City's trails, highways, streets, roads, bridges, as well as street lighting, and storm drain systems.
44
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The Public Facilities Impact Fees Capital Projects Fund -is used to account for impact fees received from
developers of properties, which can only be used for the design, development, and construction of new
public facilities within the City.
The Fire Impact Fees Capital Projects Fund-is used to account for impact fees received from developers
of properties, which can only be used for the design, development, and construction of fire capital
expansion projects within the City.
The Traffic Impact Fees Capital Projects Fund -is used to account for impact fees received from
developers of properties, which can only be used for the design, development and construction of street and
highway projects which serve as part of the City's transportation network.
The Dublin Crossing Contribution Capital Projects Fund -accounts for community benefit payments
specific to the Dublin Crossings Project, separate from any developer impact fees generated by the project.
The City also reports the following fund types:
Internal Service Funds -Account for replacement of assets and internal charges collected for the purpose
of funding retirement plan side-fund obligations, post-retirement healthcare activities, and the financing and
funding for the replacements of vehicle, building and equipment, various information technology projects,
and the energy efficiency capital lease project. These activities are provided to City departments on a cost-
reimbursement basis.
Fiduciary Funds -The City maintains one type of Fiduciary Funds -Agency Funds. The financial
activities of these funds are excluded from the Government-wide financial statement, but are presented in
separate Fiduciary Fund financial statements. Agency Funds are used to account for assets held by the City
as an agent for the following purposes:
The Dublin Boulevard Extension Assessment District is an Agency Fund, which is used to account for
amounts held for debt service on the Dublin Boulevard Extension Project. The Agency Fund is custodial in
nature (assets equal liabilities) and therefore does not involve measurement of results of operations. The
City is not responsible for payment of the bonds and acts only as an agent to collect assessments, pay
bondholders, and initiate foreclosure proceedings.
The Associated Community Action Program (ACAP) is an Agency Fund. The City acts as the fiscal agent
to collect and account for the contributions received and to coordinate administrative services leading to the
agency ceasing its operation. ACAP is a Joint Powers Authority (JP A), whose members include the
Alameda County and eleven of the thirteen incorporated cities in the County. (The cities of Berkeley and
Oakland are not members). The JP A was formed to provide and administer social service related programs.
The Agency fund is custodial in nature (assets equal liabilities) and therefore does not involve measurement
ofresults of operations.
The Fallon Village, Schaefer Ranch, Fallon Village Annex/Jordan Ranch, and Fallon Crossing Geological
Hazard Abatement Districts (GHAD) are Agency Funds. Each fiscal year, the District Engineer prepares an
Engineer's Report which includes the budget for the GHADs for that year. The annual budget consists of
regular site monitoring, annual inspections, contract services for annual mitigation and repairs, and
administrative costs. The funds collected through special assessment are placed into a dedicated reserve
fund. The reserve fund is set aside to be used to mitigate and repair large, geologic hazards, such as
landsides in the respective Subdivisions.
45
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) I
D. Basis of Accounting
The government-wide and proprietary financial statements are reported using the economic resources
measurement focus and the full accrual basis of accounting. Revenues are recorded when earned and
expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take
place.
Governmental funds are reported using the current financial resources measurement focus and the modified
accrual basis of accounting. Under this method, revenues are recognized when measurable and available.
The City considers all revenues reported in the governmental funds to be available if the revenues are
collected within sixty days after year-end. Expenditures are recorded when the related fund liability is
incurred, except for principal and interest on general long-term debt, claims and judgments, and
compensated absences, which are recognized as expenditures to the extent they have matured.
Governmental capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of
governmental long-term debt and acquisitions under capital leases are reported as other financing sources.
Those revenues susceptible to accrual at both the City-wide and Fund level are property, sales and franchise
taxes, current service charges, and interest revenue. Fines and licenses and permits are not susceptible to
accrual because they are not measurable until received in cash.
Non-exchange transactions, in which the City gives or receives value without directly receiving or giving
equal value in exchange, include taxes, grants, entitlements, and donations. On the accrual basis, revenue from
taxes is recognized in the fiscal year for which the taxes are levied or assessed. Revenues from grants,
entitlements, and donations are recognized in the fiscal year in which all eligibility requirements have been
satisfied.
Grant revenues are recognized in the fiscal year in which all eligibility requirements are met. Under the
terms of grant agreements, the City may fund certain programs with a combination of cost-reimbursement
grants, categorical block grants, and general revenues.
Certain indirect costs are included in program expenses reported for individual functions and activities.
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial
statements. Exceptions to this general rule are payments-in-lieu of taxes and other charges between the
government's business-type activities and various other functions of the government. Elimination of these
charges would distort the direct costs and program revenues reported for the various functions concerned.
Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or
privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including
special assessments. Internally dedicated resources are reported as general revenues rather than as program
revenues. Likewise, general revenues include all taxes.
46
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the
City's internal service funds are charges to customers for sales and services. Operating expenses for
internal service funds include the cost of sales and services, administrative expenses, and depreciation on
capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues
and expenses.
E. Property Tax Revenues
Alameda County assesses properties and bills, collects, and distributes property taxes to the City. The
County remits the entire amount paid and handles the collection of all delinquencies. The City receives
proportionate shares of prior year collections including interest and penalties. Secured and unsecured
property taxes are levied on January 1 of the preceding fiscal year. The property tax assessments are
formally due on November 1 and February I, and become delinquent after December 10 and April 10,
respectively. Taxes become a lien on the property effective January 1 of the preceding year.
F. Use of Restricted Resources
When both restricted and unrestricted resources are available for use, it is the City's policy to use restricted
resources first, and then unrestricted resources as needed.
G. Compensated Absences
The City records a long-term compensated absences liability to recognize the financial effect of unused
general leave and other accrued compensated leave. The liability will be paid from future resources
primarily from the general fund.
Compensated absences activities were as follows for the year ended June 30, 2016:
Compensated
General Leave Leave Total
Beginning Balance $938,796 $14,456 $953,252
Additions 951,318 26,511 977,829
Payments (921,307) (21,065) (942,372)
Ending Balance $968,807 $19,902 $988,709
Current Portion $678,165 $13,931 $692,096
47
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
J NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
H. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid
costs in both government-wide and fund financial statements, using the consumption method. Prepaid costs in
governmental funds are equally offset with nonspendable fund balance to indicate they do not constitute
resources available for appropriation. Prepaids in governmental funds are treated using the consumption
method, where the prepaid expenditure is recognized in the period in which the service is provided or the item
is put into use.
L Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles
( GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period. Actual results could differ from
those estimates.
J. New Funds
In fiscal year 2015-2016, the City created the following new funds:
The Measure B Grants -Established to account for transportational projects financed by grants, funded by an
Alameda County voter increase in sales tax used for improvements on streets and roads.
HCD Housing Related Parks Grant -Established to account for a Housing-Related Parks (HRP) grant funding
from the Department of Housing and Community Development pursuant to the Housing and Emergency
Shelter Trust Fund Act of 2006 (Proposition 1 C.)
Information Technology-Established to account for all information and technology costs, including staffmg.
K. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of fmancial position or balance sheet report is a separate section for
deferred outflows of resources. This separate fmancial statement element, deferred outflows of resources,
represents a consumption of net position or fund balance that applies to a future period(s) and so will not be
recognized as an outflow of resources (expense/expenditure) until then.
In addition to liabilities, the statement of financial position or balance sheet report is a separate section for
deferred inflows of resources. This separate fmancial statement element, deferred iriflows of resources,
represents an acquisition of net position or fund balance that applies to a future period( s) and so will not be
recognized as an inflow of resources (revenue) until that time.
48
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
L. Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date. The City categorizes its fair value
measurements within the fair value hierarchy established by generally accepted accounting principles. The
fair value hierarchy categorizes the inputs to valuation techniques used to measure fair value into three
levels based on the extent to which inputs used in measuring fair value are observable in the market.
Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 inputs are inputs -other than quoted prices included within level 1 -that are observable
for an asset or liability, either directly or indirectly.
Level 3 inputs are unobservable inputs for an asset or liability.
M. Implementation of Governmental Accounting Standards Board (GASB) Pronouncements
Management adopted the provisions of the following Governmental Accounting Standards Board (GASB)
Statements, which became effective during the year ended June 30, 2016.
GASB Statement No. 72 -Fair Value Measurement and Application. The intention of this Statement is to
enhance the comparability of financial statements among governments by requiring measurement of certain
assets and liabilities at fair value using a consistent and more detailed definition of fair value and accepted
valuation techniques. It also enhances fair value application guidance and related disclosures.
GASB Statement No. 76-The Hierarchy of Generally Accepted Accounting Principles/or State and Local
Governments. The objective of this statement is to reduce the GAAP hierarchy to two categories of
authoritative GAAP from the four categories under GASB Statement No. 55. The statement is effective for
the periods beginning after June 15, 2015, or the 2015-2016 fiscal year.
GASB Statement No. 79 -Certain External Investment Pools and Pool Participants. The objective of this
Statement is to address for certain external investment pool and their participants the accounting and
financial reporting implications that result from changes in the regulatory provisions referenced by previous
accounting and financial reporting standards. This statement is effective for the periods beginning after
December 15, 2015, or the 2015-2016 fiscal year.
N. Prior Period Adjustment
The City changed its accounting policy related to loans receivable in fiscal year 2016. Rather than
offsetting long-term loans receivable with unavailable revenue (deferred inflows of resources), loans
receivable are now a component of fund balance. As a result, beginning fund balance in the Affordable
Housing Special Revenue Fund has been adjusted and increased in the amount of $9,632,631.
49
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 2-BUDGETS AND BUDGETARY ACCOUNTING I
The City follows these procedures in establishing the budgetary data reflected in the basic financial
statements:
»-Prior to June 30 the City Manager submits to the City Council a proposed operating budget for the
fiscal year commencing the following July 1. The operating budget includes proposed expenditures
and the means of financing them.
»-The public is given an opportunity to comment on the budget at a noticed City Council meeting. Prior
to July 1, the budget is legally enacted through passage of a resolution.
»-The City Manager is authorized to transfer budgeted amounts between line items, provided that the
transfer is within the same fund, regardless of the specific department activity. This include the
authority to transfer from the General Fund budgeted contingency amounts that are approved by the
City Council during the budget adoption. The City Manager is authorized to increase revenue and
expenditure budget for various departmental functions, when the net budget impact is zero.
»-Formal budgetary integration is employed as a management control device during the year for the
general fund, special revenue funds and capital projects funds.
»-Budgets for the general, special revenue and capital projects funds are adopted on a basis consistent
with generally accepted accounting principles in the United States.
»-The City Manager is authorized to increase the appropriations for the following fiscal year in an
amount not to exceed the amount of funds encumbered or designated by the City Manager as needed
for expenses that did not occur prior to the year-end, but are expected to be expended in the next year
consistent with the original purpose.
»-As part of the annual Budget adoption the City Council authorizes Staff to carry-over unexpended
capital project appropriations, for those projects where work and expenditures will continue in the
subsequent year.
I NOTE 3 -CASH AND INVESTMENTS I
The City's dependence on property tax receipts, which are received semi-annually, requires it to maintain
significant cash reserves to finance operations during the remainder of the year. The City pools cash as
described under the policy section below.
A. Policies
California Law requires banks and savings and loan institutions to pledge government securities with a market
value of 110% of the City's cash on deposit, or first trust deed mortgage notes with a market value of 150% of
the deposit, as collateral for these deposits. Under California law, this collateral is held in a separate
investment pool by another institution in the City's name and places the City ahead of general creditors of the
institution.
The City pools cash from all sources and all funds, except certain specific investments within funds and cash
with fiscal agents, so that it can be invested at the maximum yield, consistent with safety and liquidity, while
individual funds can make expenditures at any time.
50
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 3 -CASH AND INVESTMENTS (Continued)
The City and its fiscal agents invest in individual investments and in investment pools. Individual investments
are evidenced by specific identifiable pieces of paper called security instruments, or by an electronic entry
registering the owner in the records of the institution issuing the security, called the book entry system.
Individual investments are generally made by the City's fiscal agents as required under its debt issues. In
order to maximize security, the City employs the Trust Department of a bank as the custodian of all City
managed investments, regardless of their form.
The City's investments are carried at fair value, as required by generally accepted accounting principles. The
City adjusts the carrying value of its investments to reflect their fair value at each fiscal year end, and it
includes the effects of these adjustments in income forthat fiscal year.
B. Classification
Cash and investments are classified in the financial statements as shown below, based on whether or not
their use is restricted under the terms of City agreements.
City:
Cash and investments
Fiduciary Funds (separate statement):
Cash and investments
Total cash and investments
Cash and investments as of June 30, 2016, consist of the following:
Cash on hand
Deposits with :financial institutions
Investments
Total cash and investments
$218,162,133
5,291,214
$223,453,347
$5,291
20,654,017
202,794,039
$223,453,347
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.
51
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 3 -CASH AND INVESTMENTS (Continued) I
C. Investments Authorized by the California Government Code and the City's Investment Policy
D.
The City's Investment Policy and the California Government Code allow the City to invest in the following,
provided the credit ratings of the issuers are acceptable to the City; and approved percentages and maturities
are not exceeded. The table below also identifies certain provisions of the California Government Code, or
the City's Investment Policy where the City's Investment Policy is more restrictive.
Minimum Maxinrum Maxinrum
Maxinrum Credit Percentage Investment
Authoriz.ed Investment Type Maturity Quality of Portfolio In One Issuer
Negotiable Certificates ofDeposit 5years A-1 30% 20%
Bankers' Acceptances 180 days A-1 40% 20% of Portfolio
U.S. Treasury Bills and Notes 5years NIA No Limit No Limit
U.S. Government Agency Securities 5years NIA 25% for callable 35%
California Asset Management Program NIA NIA No Limit No Limit
Commercial Paper 270days A-1 25% 20% of Portfolio
Time Certificates ofDeposit lyear NIA 10% No Limit
State Local Agency Investment Fund NIA NIA 75% No Limit
Asset-Backed Securities NIA AA 20% 5%
Medium-Term Notes 5years A 30% 5%
Money Market Funds NIA AAA 20% No Limit
Municipal Securities 5years A No Limit 0
Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an
investment. Normally, the longer the maturity of an investment, the greater the sensitivity of its fair value
to changes in market interest rates. The City generally manages its interest rate risk by holding investments
to maturity.
Information about the sensitivity of the fair values of the City's investments (including investments held by
bond trustees) to market interest rate fluctuations is provided by the following table that shows the
distribution of the City's investments by maturity or earliest call date:
Investment Type
Asset-Backed Securities
U.S. Treasury Notes
Medium-Term Notes
U.S. Government Agency Securities
Local Agency Investment Fund
California Asset Management Program
Commercial Paper
Money Market Funds
Total Investments
12Months
or less
$3,009,114
3,364,663
17,013,635
42,777,952
12,497,128
2,942,905
101,774
$81,707,171
52
13 to 24
Months
$3,569,046
2,501,660
6,218,195
21,183,631
$33,472,532
25 to 60
Months
$5,478,756
35,999,718
19,481,195
26,654,667
Total
$9,047,802
41,510,492
29,064,053
64,851,933
42,777,952
12,497,128
2,942,905
101,774
$87,614,336 $202,794,039
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 3 -CASH AND INVESTMENTS (Continued)
The City is a participant in the Local Agency Investment Fund (LAIF) that is regulated by California
Government Code Section 16429 under the oversight of the Treasurer of the State of California. The City
reports its investment in LAIF at the fair value amount provided by LAIF, which is the same as the value of
the pool share. The balance is available for withdrawal on demand, and is based on the accounting records
maintained by LAIF, which are recorded on an amortized cost basis. Included in LAIF's investment
portfolio are collateralized mortgage obligations, mortgage-backed securities, other asset-backed securities,
loans to certain state funds, United States Treasury Notes and Bills, and floating rate securities issued by
federal agencies, government-sponsored enterprises, and corporations. At June 30, 2016, these investments
matured in an average of 167 days.
The City is a participant in the California Asset Management Program (CAMP). CAMP is an investment
pool offered by the California Asset Management Trust (the Trust). The Trust is a joint powers authority
and public agency created by the Declaration of Trust and established under the provisions of the California
Joint Exercise of Powers Act (California Government Code Sections 6500 et seq., or the "Act") for the
purpose of exercising the common power of its Participants to invest certain proceeds of debt issues and
surplus funds. The Pool's investments are limited to investments permitted by subdivisions (a) to (n),
inclusive, of Section 53601 of the California Government Code. The City reports its investments in CAMP
at the fair value amounts provided by CAMP, which is the same as the value of the pool share. At June 30,
2016, the fair value approximated is the City's cost. At June 30, 2016, these investments have an average
maturity of 45 days.
The City's investments include Asset-Backed Securities in the amount of $6,427,152 that are highly
sensitive to interest rate fluctuations to a greater degree than already indicated above.
E. Fair Value Hierarchy
The City categorizes its fair value measurements within the fair value hierarchy established by generally
accepted accounting principles. The hierarchy is based on the valuation inputs used to measure fair value of
the assets. Level 1 inputs are quoted prices in an active market for identical assets; Level 2 inputs are
significant other observable inputs; and Level 3 inputs are significant unobservable inputs.
53
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 3 -CASH AND INVESTMENTS (Continued)
The following is a summary of the fair value hierarchy of the fair value of investments of the City as of
June 30, 2016:
Investments By Fair Value Level:
Asset-Backed Securities
U.S. Treasury Notes
Medium-Term Notes
U.S. Government Agency Securities
Local Agency Investment Fund
Commercial Paper
Total Investments
Investments Measured at Amortized Cost:
California Asset Management Program
Money Market Funds
Total
Level 1
$41,510,492
$41,510,492
Level2
$9,047,802
29,064,053
64,851,933
42,777,952
2,942,905
$148,684,645
Total
$9,047,802
41,510,492
29,064,053
64,851,933
42,777,952
2,942,905
190,195,137
12,497,128
101,774
$202,794,039
Investments classified in Level 1 of the fair value hierarchy are valued using quoted prices in active
markets using IDSI Institutional Bond Quotes. U.S. Government agency securities, medium term notes,
asset-backed securities, and commercial, classified in Level 2 of the fair value hierarchy, are valued using
matrix pricing techniques maintained by various pricing vendors. Matrix pricing is used to value
securities based on the securities' relationship to benchmark quoted prices. The California Local Agency
Investment Fund, classified in Level 2 of the fair value hierarchy, is valued based on the fair value factor
provided by the Treasurer of the State of California, which is calculated as the fair value divided by the
amortized cost of the investment pool. Fair value is defined as the quoted market value on the last trading
day of the period. These prices are obtained from various pricing sources by our custodian bank.
54
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 3 -CASH AND INVESTMENTS (Continued)
F. Credit Risk
G.
Credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the
investment. This is measured by the assignment of a rating by a nationally recognized statistical rating
organization. The actual ratings as of June 30, 2016 were provided by Standard and Poor's investment
rating system except as noted. The Local Agency Investment Fund was not rated as of June 30, 2016.
Investment Type AAA/AAAm AA+ AA AA-A+ A A-1 Total
Asset-Backed Securities $6,427,152 $6,427,152
U.S. Treasmy Notes $41,510,492 41,510,492
Medium-Tenn Notes 5,116,999 $2,792,531 $3,771,669 $7,346,321 $10,036,533 29,064,053
U.S. Government Agency Securities 64,851,933 64,851,933
California Asset Management Program 12,497,128 12,497,128
Commercial Paper $2,942,905 2,942,905
Money Marlee! Funds 101 774 101 774
Totals $19,026,054 $111,479,424 $2,792,531 $3,771,669 $7,346,321 $10,036,533 $2,942,905 157,395,437
Not rated:
Asset-Backed Securities 2,620,650
State Local Agency Investment Fund 42,777,952
Total Investments $202, 794,039
Concentration of Credit Risk
Included in the table at Note F above are the following significant investments in any one issuer other than
U.S. Treasury securities, mutual funds, and external investment pools.
Reporting Reported
Unit Issuer Investment Tyee Amount
Fntity-wide
Federal Farm Credit Bank US Government Agency Securities $14,006,468
Federal Home Loan Bank US Government Agency Securities 18,439,295
Federal Home Loan Mortgage Corporation US Government Agency Securities 13,577,553
Federal National Mortgage Association US Government Agency Securities 18,828,617
55
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 4 -INTERFUND TRANSACTIONS
A. Transfers Between Funds
Transfers between funds during the fiscal year ended June 30, 2016 were as follows:
Fund Making Transfer
General Fund
Capital Projects Funds:
Public Facilities Impact Fees Fund
Traffic Impact Fees Fund
Dublin Crossing Contribution Fund
Special Revenue Funds:
Non-Major Funds
Internal Service Funds:
Energy Efficiency Internal Service Fund
(A) To fund capital project expenditures
Fund Receiving Transfers
General Improvements Projects Capital Projects Fund
Co=unity Improvements Projects Capital Projects Fund
Parks Projects Capital Projects Fund
Streets Projects Capital Projects Fund
Information Technology Internal Service Fund
Parks Projects Capital Projects Fund
Streets Projects Capital Projects Fund
General Improvements Projects Capital Projects Fund
Parks Projects Capital Projects Fund
General Fund
Streets Projects Capital Projects Fund
Parks Projects Capital Projects Fund
General Improvements Projects Capital Projects Fund
Streets Projects Capital Projects Fund
(B) To fund the new Information Tecnology Internal Service Fund
(C) To reimburse Affordable Housing Fund staffmg/administrative costs for the Community Development Block Grant
B. Current Intelfund Balances
Amount
Transferred
$133,733 (A)
117,104 (A)
87,590 (A)
70,580 (A)
2,000,000 (B)
2,409,007
22,897,019 (A)
1,096,116 (A)
519,527 (A)
30,264 (A)
24,542,926
5,801 (A)
2,477,426 (A)
454,974 (C)
13,217 (A)
2,951,418
8,686 (A)
8,686
$29,912,037
Current interfund balances arise in the normal course of business and are expected to be repaid shortly after
the end of the fiscal year. At June 30, 2016, the following funds have balances due to the General Fund:
Due to other funds
Non-Major Governmental Funds
Internal Service Funds
Total
56
$1,633,177
29,928
$1,663,105
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 4 -INTERFUND TRANSACTIONS (Continued)
C. Advances Between Funds
During the fiscal year 2007-2008, the General Fund made a long-term advance to the PERS Side Fund
Internal Service Fund to prepay CalPERS for the City's Side Fund Obligation. The Side Fund was created in
2005 when CalPERS assigned agencies with less than 100 participants to a risk sharing pool. The City had an
unfunded liability at the time the City was assigned to the pool. As part of CalPERS Employer Contribution
Rate, the City was scheduled to pay 4.319% of payroll for the next 17 years to eliminate the current side fund
obligation. The benefit of prepayment resulted in reduction of the Employer Contribution rate in fiscal year
2007-2008 from 15.894% to 11.575%. The advance from General Fund is repaid annually, calculated at the
rate of 4.319% of the total salary and be recorded as an Internal Service Fund retirement benefit expenditure
with an offset to reduce the General Fund long-term advance.
During the 2004-2005 and 2005-2006 fiscal years, the General Fund advanced funds to the Fire Impact Fees
Capital Projects Fund to aid in the financing of fire station construction projects. The advance will be repaid
through future revenues of the Fire Impact Fees Fund. Interest accrues on the advance at a rate equal to the
City's return on its investment portfolio.
The following interfund balances existed at June 30, 2016:
Advances from other funds
PERS Side Fund Internal Service Fund
Fire Impact Fees Capital Projects Fund
Total
I NOTE 5 -NOTES RECEIVABLE
General Fund
$549,949
80,673
$630,622
The following table summarizes the notes receivable outstanding as ofJune 30, 2016:
First Time Homebuyer Loan Program
Eden (Wicklow) Square Senior Affordable Housing
Arroyo Vista Predevelopment/Construction Loan -Family Housing
Arroyo Vista Predevelopment/Construction Loan -Senior Housing
Veterans Family Apartment Development Loan
Total
$1,588,429
2,808,815
3,096,427
1,572,937
5,548,339
$14,614,947
Revolving Home Loans -As part of the City of Dublin First Time Homebuyer Loan Program (FTHLP), the
City provides financial assistance, in the form of a deferred loan. The program targets first time
homebuyers within a certain income range purchasing their first home in Dublin. Monthly payments of
principal and interest are generally deferred until the homes are sold, or are in default. In certain situations
the loan may also be due when the homeowners refinance their primary mortgage. The total outstanding
amount due, including accrued simple interest at 3.5% per annum, as of June 30, 2016 was $1,588,429. As
of June 30, 2016, there were no loans in default.
57
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 5 -NOTES RECEIVABLE (Continued)
Details of the Revolving Home Loans as of June 30, 2016 were as follows:
REPAYMENT OF
ORIGINAL LOAN ACCRUED PRINCIPAL AND
LOAN# LOAN DATE AMOUNT INTEREST INTEREST WAN BALANCE
#07-01 2/16/2007 $39,915 $12,187 ($52,102)
#07-03 3/30/2007 60,039 19,449 $79,488
#07-04 10/31/2007 50,000 15,171 65,171
#07-09 9/21/2007 26,036 8,058 34,094
#07-10 9/7/2007 49,536 14,846 (64,382)
#07-11 10/12/2007 38,141 11,646 49,787
#07-12 10/8/2007 33,051 10,840 43,891
#07-14 10/2/2007 19,610 6,005 25,615
#07-15 12/4/2007 24,536 7,365 31,901
#07-16 12/28/2007 8,000 2,383 10,383
#07-18 2/29/2008 24,170 7,052 31,222
#07-20 5/30/2008 19,175 5,143 (24,318)
#08-01 8/19/2008 25,377 6,995 32,372
#08-03 10/20/2008 33,750 8,823 (42,573)
#08-05 2/3/2009 22,619 5,873 28,492
#08-06 2/11/2009 55,404 14,314 69,718
#08-07 4/10/2009 27,425 6,936 34,361
#08-08 6/30/2009 39,576 9,701 49,277
#09-02 9/29/2009 36,595 8,651 45,246
#10-02 1/26/2011 40,000 7,604 47,604
#10-03 5/6/2011 26,700 4,817 31,517
#11-01 12/9/2011 26,025 4,169 30,194
#11-02 10/14/2011 29,999 2,915 (32,914)
#11-03 11/22/2011 30,839 4,972 35,811
#11-04 12/28/2011 35,249 5,561 40,810
#11-05 1/13/2012 29,999 4,687 34,686
#11-06 1/13/2012 36,415 5,690 42,105
#11-07 1/19/2012 36,682 5,710 42,392
#11-08 1/31/2012 35,249 5,447 40,696
#11-09 2/15/2012 36,671 5,613 42,284
#11-10 4/3/2012 38,586 5,733 44,319
#12-01 10/30/2012 29,999 3,853 33,852
#12-02 1/31/2013 40,000 4,780 44,780
#12-03 3/22/2013 36,749 4,216 40,965
#12-04 4/12/2013 36,749 4,142 40,891
#12-05 4/25/2013 35,249 3,926 39,175
#12-06 4126/2013 31,499 3,366 34,865
#12-07 5/15/2013 35,249 3,861 39,110
#12-08 5/10/2013 35,249 3,878 39,127
#12-09 4/25/2013 36,749 4,096 40,845
#13-01 7/31/2013 40,000 4,086 44,086
#13-02 8/30/2013 40,000 3,522 (43,522)
#13-03 10/2/2013 40,000 3,845 43,845
#13-04 12/9/2013 40,000 3,584 43,584
#13-05 3/11/2014 36,888 2,978 39,866
$1,549,749 $298,491 ($259,811) $1,588,429
58
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 5 -NOTES RECEIVABLE (Continued) I
Eden Senior Affordable Housing Loan -(Wicklow Square) -On September 23, 2002, the City selected
Eden Housing, Inc. as the developer for the affordable senior housing at the site of the former library
located at 7 606 Amador Valley Boulevard. This site also houses a senior center that the City constructed
during fiscal year 2003-2004. On February 1, 2004, the City entered into an agreement and provided a loan
in the amount of $2,248,248 to the Dublin Senior Limited Partnership to support the senior housing project.
The interest on the outstanding principal balance of the loan is accrued at the rate of 3% simple interest per
annum. The entire outstanding principal balance of the loan, together with the interest accrued, shall be
payable in full on February 8, 2059, the 55th anniversary of the Initial Disbursement Date of February 18,
2004. Repayments commenced on June 1, 2006, and on the first day of each June, 60% of the Surplus Cash
generated by the project during the previous calendar year are remitted to reduce the outstanding
indebtedness. Any payment not paid when due shall bear interest at a rate equal to 10% annum from the
due date until it is paid in full. The outstanding amount as of June 30, 2016 was $2,808,815.
Arroyo Vista Predevelopment/Construction Loan -Family and Senior Projects -(Emerald Vista) -On June
1, 2011, the City entered into an agreement to provide a loan to Eden Dougherty, L.P., a California
nonprofit public benefit corporation, with a not-to-exceed $7,600,000 principal amount in accordance to the
Arroyo Vista Disposition and Development Agreement dated July 25, 2007 concerning the redevelopment
of the real property located at 6700 Dougherty Road in the City of Dublin. The City agreed to provide a
loan to Eden to assist in fmancing the development of the Family Project and Senior Project. The City
determined that the development of the project is in the interests of health, safety and welfare of the
residents of the City, and that the City fmancing is necessary to make the project affordable to low and very
low income households for a term of not less than fifty-five years. The note will not bear interest until the
earlier of (i) the date that the project's construction fmancing is either converted to a permanent loan or
repaid in full, or (ii) twelve months following the date of issuance of the final certificate of occupancy or
equivalent for the project; thereafter, the outstanding principal balance of the loan shall bear interest at a
rate equal to three percent simple annual interest. Annual payments shall be due and payable on a residual
receipts basis in accordance with the formula set forth in the note. The entire outstanding principal balance
and accrued interest shall be paid in full on the earlier of (i) the fifty fifth anniversary of the date of issuance
of the fmal certificate of occupancy or (ii) the fifty-seventh anniversary of the loan origination date. The
City has the right to accelerate maturity date and declare all sums immediately due and payable to the City
upon the occurrence of an event of developer default, including developer's failure to commence or
complete construction of the project within times period specified in the note. At June 30, 2016, the
outstanding amounts are $3,096,427 for the Family Project and $1,572,937 for the Senior Project.
Veterans Family Apartment Development Loan -On October 1, 2015, the City entered into an agreement to
provide a loan to Dublin Family, L.P ., a California limited partnership. The City entered into an agreement
and provided a loan in the amount of $6,400,000 to the Dublin Family L.P. to build on the property a 66-
unit affordable multifamily rental housing project consisting of 65 affordable rental housing units primarily
for veterans and their families for very low and low income families, one resident manager's unit, and other
related improvements. The only payment to be received is the accrued interest. The principal is not due until
the maturity date. The entire outstanding principal balance of the loan, together with the interest accrued,
shall be payable in full on June 1, 2070. The City has the right to accelerate maturity date and declare all
sums immediately due and payable to the City upon the occurrence of an event of developer default,
including developer's failure to commence or complete construction of the project within times period
specified in the note. At June 30, 2016, the outstanding amount of the loan was $5,548,339.
59
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 6 -CAPITAL ASSETS I
Capital assets, which include buildings, machinery and equipment, and infrastructure assets (roads, bridges,
curbs and gutters, streets and sidewalks, drainage systems, lighting systems, and park improvements), are
reported in the Governmental Activities columns of the Government-Wide Financial Statements. Capital
assets are defined by the City as assets with an initial, individual cost of more than $5,000 for general
capital assets and $100,000 for infrastructure capital assets. Such assets are recorded at historical cost or
estimated historical cost if actual historical cost is not available. Donated capital assets are valued at their
estimated fair market value on the date donated.
Capital assets are depreciated over their estimated useful lives using the straight-line method. This means
the cost of the asset is divided by its expected useful life in years and the result is charged to expense each
year until the asset is fully depreciated. The purpose of depreciation is to spread the cost of capital assets
over the useful life of these assets. The amount charged to depreciation expense each year represents that
year's pro rata share of the cost of capital assets.
Depreciation of capital assets is charged as an expense against operations each year and the total amount of
depreciation taken over the years, called accumulated depreciation, and is reported on the Statement of Net
Assets of the government-wide financial statements as a reduction in the book value of the capital assets.
The City has assigned the useful lives listed below to capital assets.
Infrastructure
Building and Improvements
Vehicles and Equipment
20-75 Years
20-38 Years
3-15 Years
Capital assets include land, buildings, and equipment used in City operations. Infrastructure includes roads,
bridges, curbs, sidewalks, drainage systems, street and traffic lights, park improvements and other
improvements used by all citizens.
60
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 6 -CAPITAL ASSETS (Continued)
A. Current Year Activities
Capital asset activity during the fiscal year were as follows:
Balance at Balance at
Jlllle 30, 2015 Additions Retirements Transfers Jlllle 30, 2016
Governmental activities
Capital assets not being depreciated:
Land $171,301,925 $171,301,925
Streets Right of Way 35,425,288 35,425,288
Construction in Progress 24,698,855 $26,253,670 ($84,912) ($90,228) 50,777,385
Total capital assets not being depreciated 231,426,068 26,253,670 (84,912) (90,228) 257,504,598
Capital assets being depreciated:
Infrastructwe 386,792,065 3 86, 792,065
Buildings and Improvements 75,790,206 75,790,206
Vehicles and Equipment 14,835,774 397,134 (320,401) 90,228 15,002,735
Total capital assets being depreciated 477,418,045 397,134 (320,401) 90,228 477,585,006
Less accumulated depreciation for:
Infrastructure (218,989,178) (7,207,055) (226,196,233)
Buildings and Improvements (34,725,503) (2,895,044) 3,532 (37,617,015)
Vehicles and Equipment (4,547,075) (739,996) 320,359 (4,966,712)
Total Accumulated Depreciation (258,261,756) (10,842,095) 323,891 (268, 779,960)
Net governmental fund program
Capital assets being depreciated 219,156,289 (10,444,961) 3,490 90,228 208,805,046
Governmental activity capital assets, net $450,582,357 $15,808,709 ($81,422) $466,309,644
61
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 6 -CAPITAL ASSETS (Continued)
B. Project Commitments
At June 30, 2016, the City had outstanding commitments with contractors for the following projects:
Project
Facility Construction
Facility Modification
Park Construction
Park Improvements
Street Improvements
Street Repair/Maintenance
Street Signal Improvements
C. Capital Asset Contributions
Commitment
$7,385,135
329,099
12,455,850
217,393
10;325,726
1,867
196,950
Some capital assets may be acquired using Federal and State grant funds, or they may be contributed by
developers or other governments. GASB Statement 34 requires that these contributions be accounted for as
revenues at the time the capital assets are contributed.
D. Depreciation Allocation
Depreciation expense is charged to functions and programs based on their usage of the related assets. The
amounts allocated to each function or programs are as follows:
Governmental Activities
General Government $1,364,588
Police 304,701
Fire 438,268
Public Works 5,733,763
Parks and Community Service 2,861,349
Comnnmity Development 139,426
Total depreciation expense $10,842,095
I NOTE 7 -LONG TERM DEBT
A. Current Year Transactions and Balances
Balance at Due Within Balance at
July 1,2015 Retirements June 30, 2016 One Year
GOVERNMENTALACTIVITYDEBT
2012 Oievron Fnergy Capital Lease $5,749,811 ($403,459) $5,346,352 $429,110
Total Ci>vemmental Activity Debt $5,749,811 ($403,459) $5,346,352 $429,110
62
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 7 -LONG TERM DEBT (Continued)
B. 2012 Chevron Energy Capital Lease
c
On June 12, 2012, City entered into an Energy Services Performance Contract with Chevron Energy
Solutions to implement the recommended efficiency improvements in the City's ongoing efforts to reduce
energy consumption and develop long-term cost savings through increased energy efficiency. The total
project cost was estimated to be $7,430,976. City expects the full cost of improvements including interest
can be offset through estimated energy savings. The project was funded through a combination of Lease
Financing and Internal Service Fund reserves.
The total amount financed by the bank was approximately $6,755,824, with interest rate fixed at 2.56%
which occurred on October 1, 2012. The first payment was made on September 28, 2013. The financing is
a lease arrangement with Bank of America holding title to the improvements being installed. Once all
lease payments are made, improvements are fully owned by the City.
The payments will be made over a fourteen-year period. The amount of annual lease payments is
intended to produce consistent savings each year. Therefore, for payments in the initial years, when
certain rebates and incentives are received, the payments will be higher. The average annual lease
payment over the repayment period is estimated to be approximately $578,704 per year. The City
anticipates that energy savings and incentives are projected to fully offset these costs.
Debt Service Requirements
Governmental Activities: Capital Lease
Year ending June 30 Principal Interest
2017 $429,110 $136,867
2018 455,999 125,881
2019 396,728 114,208
2020 424,629 104,052
2021-2025 2,480,902 343,035
2026-2027 1,158,984 44,951
Total $5,346,352 $868,994
I NOTE 8 -NET POSITION AND FUND BALANCES
A. Net Position
Net Position is the excess of all the City's assets and deferred outflow of resources over all its liabilities
and deferred inflow of resources, regardless of fund. Net Assets are divided into three captions. These
captions apply only to Net Assets, which is determined only for proprietary funds and at the Govemment-
wide level, and are described below:
Net Investment in Capital Assets, describes the portion of Net Position which is represented by the current
net book value of the City's capital assets.
63
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 8 -NET POSITION AND FUND BALANCES (Continued) I
Restricted describes the portion of Net Position which is restricted as to use by the terms and conditions
of agreements with outside parties, governmental regulations, laws, or other restrictions which the City
cannot unilaterally alter. These principally include developer fees received for use on capital projects and
debt service requirements.
Unrestricted describes the portion of Net Position which is not restricted to use.
B. Fund Balances
Governmental fund balances represent the net current assets of each fund. Net current assets generally
represent a fund's cash and receivables, less its liabilities.
The City's fund balances are classified based on spending constraints imposed on the use of resources.
For programs with multiple funding sources, the City prioritizes and expends funds in the following
order: Restricted, Committed, Assigned, and Unassigned. Each category in the following hierarchy is
ranked according to the degree of spending constraint:
Nonspendable represents balances set aside to indicate items do not represent available, spendable
resources even though they are a component of assets. Fund balances required to be maintained intact,
such as Permanent Funds, and assets not expected to be converted to cash, such as prepaids, notes
receivable, and long-term interfund loans are included. However, if proceeds realized from the sale or
collection of nonspendable assets are restricted, committed or assigned, then Nonspendable amounts are
required to be presented as a component of the applicable category.
Restricted fund balances have external restrictions imposed by creditors, grantors, contributors, laws,
regulations, or enabling legislation which requires the resources to be used only for a specific purpose.
Nonspendable amounts subject to restrictions are included along with spendable resources.
Committed fund balances have constraints imposed by resolution of the City Council which may be
altered only by formal action (resolution) of the City Council to establish, modify, or rescind a fund
balance commitment. The City Council commits fund balance through the adoption of a resolution prior
to the end of the fiscal year. Once adopted, the limitation imposed by the resolution remains in place until
similar action is taken to remove or revise the limitation. Only the highest level action (a resolution) can
be considered a commitment for fund balance classification purposes.
Assigned fund balances are amounts constrained by the City's intent to be used for a specific purpose, but
are neither restricted nor committed. Intent is expressed by the City Council or its designee and may be
changed at the discretion of the City Council or its designee. This category includes nonspendable when it
is the City's intent to use proceeds or collections for a specific purpose, and residual fund balances, if any,
of Special Revenue, Capital Projects and Debt Service Funds which have not been restricted or
committed. Through a council resolution, the City Council has designated the City Manager to determine
the amount of assigned Fund balance.
Unassigned fund balance represents residual amounts that have not been restricted, committed, or
assigned. This includes the residual general fund balance and residual fund deficits, if any, of other
governmental funds. In accordance with policies adopted by the City Council, the "Unassigned" fund
balance represents a negative $2,197,354 associated equivalent to the unrealized loss on investments and
a positive $32,059,246 based on goals to accommodate general cash flow.
64
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 8 -NET POSITION AND FUND BALANCES (Continued)
c.
Detailed classifications of the City's Fund Balances, as of June 30, 2016, are stated below:
Major Fund•
Affordable Public Facilities Fire Impact Traffic Impact Dublin
General Housing Impact Fees Fees Fees Crossing Non-Major
Fund Fund Fund Fund Fund Contribution Funds Total
Non-Spendable:
Prepaid Expenses $39,261 $39,261
Cemete:y Endowment 60,000 60,000
Long-Term Advance to Fire Impact Fee Fund 80,673 80,673
Long-Term Advance to PERS Side Fund 549,949 549,949
SubTotal Non-Spendable Fund Balance 729,883 729,883
Restricted for:
Public Safety Programs $860,747 860,747
Street Maintenance and Construction 7,463,064 7,463,064
Health and Welfare Programs 675,017 675,017
Heritage Park M aintcnence 500,000 500,000
Recycling Programs 542,942 542,942
Impact Fee Capital Projects $26, 162,969 $19,807,369 45,970,338
Capital Improvement Projects $14,392,552 3,415,152 17,807,704
Developer Contribution -Heritage Park 19,000 19,000
Developer Contribution -Nature Park 60,000 60,000
Housing $25,526,669 25,526,669
Sub Total Restricted Fund Balance 579,000 25,526,669 26,162,969 19,807,369 14,392,552 12,956,922 99,425,481
Committed to:
Economic Stability 8,000,000 8,000,000
Downtown Public Improvements 1,000,000 1,000,000
Emerald Glen Aquatic Center Additional Scope 3,000,000 3,000,000
Emergency Communications 741,000 741,000
Fire Services OPEB 3,004,000 3,004,000
Innovations and N cw Opportunities 2,122,785 2,122,785
Maintenance Facility 215,101 215,101
Civic Center Expansion 27,773 27,773
Historic Park Schaefer Ranch 5,272,210 5,272,210
One Time Initiatives 1,341,408 1,341,408
Shannon Center Parking Lot 987,410 987,410
Advance to Public Facility Fee 6,000,000 6,000,000
Fallon Sports Park 2,000,000 2,000,000
Storm Drain Capture 546,878 546,878
Utility Undcrgrounding 1,170,190 1,170,190
Dublin Sports Ground 2,500,000 2,500,000
Economic Development 1,000,000 l,000,000
Sub Total Committed Fund Balance 38,928,755 38,928,755
Aa•lgned to:
Non-street CIP 3,879,516 3,879,516
Employees Accrued Leave 988,708 988,708
Operating Canyovers 1,612,658 1,612,658
CIP Carry overs 1,227,829 1,227,829
Catastrophic Loss and Recovery 11,368,531 11,368,531
Service Continuity 0 bligations 3,000,000 3,000,000
Pension and Post Employment Benefits 10,614,353 10,614,353
Fiscally Responsible Adjustment 325,000 325,000
Civic Center Renovation 1,962,100 1,962,100
Municipal Regional Pennit 2,250,000 2,250,000
HVAC Replacement 1,000,000 1,000,000
Relocate Parks 250,000 250,000
Fire Equipment Replacement 600,000 600,000
Sub Total Al:slgned Fund Balance 39,078,695 39,078,695
Unaulgned Fund Balance
Fund Balance Deficits ($80,673) (1,173,370) (1,254,043)
Unrealized Gain on Investments/(loss) (2,197,354) (2,197,354)
Cash Flow Per City Policy 32,065,047 32,065,047
29,867,693 (80,673) (1,173,370) 28,613,650
Total Fund Balance (Deficit) $109,184,026 $25,526,669 $26,162,969 ($80,673) $19,807,369 $14,392,552 $11,783,552 $206,776,464
Minimum Fund Balance Policies
The City's Reserve Policy requires the City to maintain an Unrestricted General Funds, for cash flow
purposes, of minimum equal to two months of budgeted operating expenditures with a goal to achieve a
maximum of four months. As of June 30, 2016 the cash flow reserves, which are part of the Unassigned
Fund Balance, were above the minimum at approximately 3 .6 months, however they were below the desired
target of 4 months. Funds may be appropriated as to Undesignated Capital Contribution by designation
from City Council only for high priority one time capital expenditures provided the minimum fund balance
would remain.
65
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 8 -NET POSITION AND FUND BALANCES (Continued) I
D. Fund Equity Deficits
The funds listed in the table below had fund balance deficits at June 30, 2016. These deficits are expected
to be eliminated by future revenues.
Fund
Fire Impact Fees Capital Projects Fund
Measure B Grants Special Revenue Fund
TFCA!Transportation for Clean Air Special Revenue Fund
IDA Special Revenue Fund
Storm Water Management Special Revenue Fund
PERS Side Fund Internal Service Fund
Energy Efficiency Internal Service Fund
I NOTE 9-DEFERRED COMPENSATION PLAN I
Fund
Deficit
$80,673
410,440
28,938
33,311
700,681
549,949
5,141,907
City employees may defer a portion of their compensation under a City sponsored deferred compensation
plan created in accordance with Internal Revenue Code Section 457. Under this plan, participants are not
taxed on the deferred portion of their compensation until it is distributed to them; distributions may be
made only at termination of employment, retirement, death, or in an emergency as defmed by the Plan. In
accordance with GASB Statement No. 32, the funds have been placed in a trust administered by ICMA
Retirement Corporation and are not available to the City's general creditors. Accordingly, the City does
not report the assets in the financial statements.
I NOTE 10 -PENSION PLAN
For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to
pensions, and pension expense, information about the fiduciary net position of the City's California
Public Employees' Retirement System (CalPERS) plan (Plan) and additions to/deductions from the Plan's
fiduciary net position have been determined on the same basis as they are reported by CalPERS. For this
purpose, benefit payments (including refunds of employee contributions) are recognized when due and
payable in accordance with the benefit terms. Investments are reported at fair value.
66
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 10 -PENSION PLAN (Continued)
A. General Information about the Ca/PERS Pension Plan
Plan Description and Summary of Balances by Plan -All qualified permanent and probationary
employees are eligible to participate in the City's Miscellaneous (all other) Employee Pension Rate Plan.
The City's Miscellaneous Rate Plan is part of the public agency cost-sharing multiple-employer defined
benefit pension plan (PERF C), which is administered by the California Public Employees' Retirement
System (CalPERS). PERF C consists of a miscellaneous pool and a safety pool (also referred to as "risk
pools"), which are comprised of individual employer miscellaneous and safety rate plans,
respectively. Individual employers may sponsor more than one miscellaneous and safety rate plan. The
employer participates in one cost-sharing multiple-employer defined benefit pension plan regardless of
the number of rate plans the employer sponsors. The City sponsors one rate plan (miscellaneous).
Benefit provisions under the Plan are established by State statute and City resolution. CalPERS issues
publicly available reports that include a full description of the pension plan regarding benefit provisions,
assumptions and membership information that can be found on the CalPERS website.
Below is a summary of the deferred outflows of resources, net pension liabilities, and deferred inflows of
resources by Plan for the year ended June 30, 2016:
Miscellaneous
Deferred
Outflows
ofResources
$1,997,928
Net Pension
Liability/
Proportionate
Share ofNet
Pension Liability
$10,150,589
Deferred
Inflows
of Resources
$1,216,310
Benefits Provided -CalPERS provides service retirement and disability benefits, annual cost of living
adjustments and death benefits to plan members, who must be public employees and beneficiaries.
Benefits are based on years of credited service, equal to one year of full time employment. All members
are eligible for non-duty disability benefits after 10 years of service. The death benefit is one of the
following: the Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death
Benefit. The cost ofliving adjustments for each plan are applied as specified by the Public Employees'
Retirement Law. The Pension Reform Act of 2013 (PEPRA), Assembly Bill 340, is applicable to
employees new to CalPERS and hired after December 31, 2012.
The Plan's provisions and benefits in effect at June 30, 2016, are summarized as follows:
Hire date
Benefit formula
Benefit vesting schedule
Benefit payments
Retirement age
Monthly benefits, as a % of eligible compensation
Required employee contribution rates
Required employer contribution rates
67
Miscellaneous
Prior to
January 1, 2013
2.7%@55
5 years service
monthly for life
55
2.7%
8.000%
10.958%
Miscellaneous
PEP RA
Onor after
January 1, 2013
2%@62
5 years service
monthly for life
62
2%
6.250%
6.237%
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 10 -PENSION PLAN (Continued)
Pension contnbutions subsequent to measurement date
Differences between actual and expected experience
Changes in assumptions
Change in employer's proportion and differences between
the employer's contributions and the employer's
proportionate share of contnbutions
Net differences between projected and actual earnings
on plan investments
Total
Deferred Outflows
.of Resources
$869,467
71,039
1,057,422
$1,997,928
Deferred Inflows
of Resources
($672,091)
(207,291)
(336,928)
($1,216,310)
The $869,467 reported as deferred outflows of resources related to contributions subsequent to the
measurement date will be recognized as a reduction of the net pension liability in the year ended June 30,
2016. Other amounts reported as deferred outflows of resources and deferred inflows of resources related
to pensions will be recognized as pension expense as follows:
Year Ended Annual
June 30 Amortization
2017 ($167,814)
2018 (167,309)
2019 (183,401)
2020 430,675
2021 0
Thereafter 0
($87,849)
Sensitivity of the Proportionate Share of the Net Pension Liability to Changes in the Discount Rate -
The following presents the City's proportionate share of the net pension liability for the Plan, calculated
using the discount rate for the Plan, as well as what the City's proportionate share of the net pension
liability would be if it were calculated using a discount rate that is I-percentage point lower or 1-
percentage point higher than the current rate:
!%Decrease
Net Pension Liability
Current Discount Rate
Net Pension Liability
1% Increase
Net Pension Liability
69
Miscellaneous
6.65%
$16,826,418
7.65%
$10,150,589
8.65%
$4,638,917
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 10 -PENSION PLAN (Continued)
Beginning in fiscal year 2016, CalPERS collects employer contributions for the cost-sharing plan as a
percentage of payroll for the normal cost portion as noted in the rates above and as a dollar amount for
contributions toward the unfunded liability and side fund. The dollar amounts are billed on a monthly
basis. The City's required contribution for the unfunded liability was $480,516 in fiscal year 2016.
Contributions -Section 20814(c) of the California Public Employees' Retirement Law requires that the
employer contribution rates for all public employers be determined on an annual basis by the actuary and
shall be effective on the July 1 following notice of a change in the rate. Funding contributions for the
Plan are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined
rate is the estimated amount necessary to finance the costs of benefits earned by employees during the
year, with an additional amount to finance any unfunded accrued liability. The City is required to
contribute the difference between the actuarially determined rate and the contribution rate of employees.
For the year ended June 30, 2016, the City's contributions to the Plan were as follows:
Contributions -employer
Miscellaneous
$869,467
B. Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to
Pensions
As of June 30, 2016, the City reported $10,150,589 in net pension liabilities for its proportionate share of
the net pension liability of the Plan.
The City's net pension liability for the Plan is measured as the proportionate share of the net pension
liability. The net pension liability of the Plan is measured as of June 30, 2015, and the total pension
liability for the Plan used to calculate the net pension liability was determined by an actuarial valuation as
of June 30, 2014 rolled forward to June 30, 2015 using standard update procedures. The City's
proportion of the net pension liability was based on a projection of the City's long-term share of
contributions to the pension plan relative to the projected contributions of all participating employers,
actuarially determined. The City's proportionate share of the net pension liability for the Plan as of June
30, 2014 and 2015 was as follows:
Proportion -June 30, 2014
Proportion -June 30, 2015
Change -Increase (Decrease)
Miscellaneous
0.31711%
0.36999<>/o
0.05288%
For the year ended June 30, 2016, the City recognized net pension expense of $46,098 for the
Miscellaneous Plan on the Statement of Activities. At June 30, 2016, the City reported deferred outflows
of resources and deferred inflows of resources related to pensions from the following sources:
68
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 10 -PENSION PLAN (Continued)
Actuarial Assumptions -For the measurement period ended June 30, 2015, the total pension liabilities
were determined by rolling forward the June 30, 2014 total pension liability. The June 30, 2014 total
pension liabilities were based on the following actuarial methods and assumptions:
Valuation Date
Measurement Date
Actuarial Cost Method
Actuarial Assumptions:
Discount Rate
Inflation
Payroll Growth
Projected Salary Increase
Investment Rate of Return
Mortality
Post Retirement Benefit Increase
June 30, 2014
June 30, 2015
Entry-Age Normal Cost Method
7.65%
2.75%
3.0%
Varies by Entry Age and Service
7.50% (1)
Derived using CalPERS' Membership Data for all Funds
(2)
Contract COLA up to 2.75% until Purchasing Power
Protection Allowance Floor on Purchasing Power applies,
2.75% thereafter
( 1) Net of pension plan investment expenses, including inflation
(2) The mortality table used was developed based on CalPERS' specific data. The table includes 20 years of
mortality improvements using Society of Actuaries Scale BB. For more details on this table, please refer to the
Ca!PERS 2014 experience study report available on Ca!PERS website.
All other actuarial assumptions used in the June 30, 2015 valuation were based on the results of a January
2014 actuarial experience study for the period 1997 to 2011. Further details of the Experience Study can
found on the CalPERS website.
Change of Assumptions -GASB 68, paragraph 68 states that the long-term expected rate of return
should be determined net of pension plan investment expense, but without reduction for pension plan
administrative expense. The discount rate of 7.50 percent used for the June 30, 2014 measurement date
was net of administrative expenses. The discount rate of 7.65 percent used for the June 30, 2015
measurement date is without reduction of pension plan administrative expense. All other assumptions for
the June 30, 2014 measurement date were the same as those used for the June 30, 2015 measurement date.
Discount Rate-The discount rate used to measure the total pension liability was 7.65% for the Plan. To
determine whether the municipal bond rate should be used in the calculation of a discount rate for each
plan, CalPERS stress tested plans that would most likely result in a discount rate that would be different
from the actuarially assumed discount rate. Based on the testing, none of the tested plans run out of assets.
Therefore, the current 7.65% discount rate is adequate and the use of the municipal bond rate calculation
is not necessary. The long term expected discount rate of 7.65% will be applied to all plans in the Public
Employees Retirement Fund (PERF). The stress test results are presented in a detailed report that can be
obtained from the CalPERS website.
70
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 10 -PENSION PLAN (Continued) I
The long-term expected rate of return on pension plan investments was determined using a building-block
method in which best-estimate ranges of expected future real rates of return (expected returns, net of
pension plan investment expense and inflation) are developed for each major asset class.
In determining the long-term expected rate of return, CalPERS took into account both short-term and
long-term market return expectations as well as the expected pension fund cash flows. Using historical
returns of all the funds' asset classes, expected compound returns were calculated over the short-term
(first 10 years) and the long-term (11-60 years) using a building-block approach. Using the expected
nominal returns for both short-term and long-term, the present value of benefits was calculated for each
fund. The expected rate of return was set by calculating the single equivalent expected return that arrived
at the same present value of benefits for cash flows as the one calculated using both short-term and long-
term returns. The expected rate of return was then set equivalent to the single equivalent rate calculated
above and rounded down to the nearest one quarter of one percent.
The table below reflects the long-term expected real rate of return by asset class. The rate of return was
calculated using the capital market assumptions applied to determine the discount rate and asset
allocation. These rates of return are net of administrative expenses.
New
Strategic Real Return
Asset Class Allocation Years 1 -lO(a)
Global F.quity 51.0% 5.25%
Global Fixed Income 19.00/o 0.99%
Inflation Sensitive 6.0% 0.45%
Private F.quity 10.0% 6.83%
Real&tate 10.0% 4.500/o
Infrastructure and Forestland 2.0% 4.50%
Liquidity 2.0% -0.55%
Total 100%
(a) An expected inflation of2.5% used for these periods.
(b) An expected inflation of3.00/o used for these periods.
Real Return
Years 11 +(b)
5.71%
2.43%
3.36%
6.95%
5.13%
5.09%
-1.05%
Pension Plan Fiduciary Net Position -Detailed information about each pension plan's fiduciary net
position is available in the separately issued CalPERS financial reports.
71
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30t 2016
I NOTE 11-OTHER POST EMPLOYMENT BENEFITS I
The City provides certain health care benefits for retirees, as required under a contract signed with PERS.
All former employees who retire with the City under PERS are eligible for these benefits.
GASB 45 requires public agencies to estimate their Other Post Employment Benefits (OPEBs) and
account for the future liability. Rather than use the "pay as you go" system and account for retiree
benefits as they are due, GASB 45 requires the agencies to account for the expenses as benefits are
accrued for the employees. On June 29, 2007, the City established an agreement with the California
Public Employees' Retirement System (CalPERS) to set aside funds and deposit into the California
Employer's Retiree Benefit Trust (CERBT) fund to accumulate, and distribute assets for the exclusive
benefit of retirees and their beneficiaries. Plan assets are irrevocable and may not be used for any purpose
other than funding post-retirement health care. The CERBT fund is an agent multiple employer plan and
in order to ensure that the CERBT fund remains compliant with all reporting requirements, the CALPERS
is responsible for publishing aggregate GASB 43 compliance Financial Statements, Notes, and Required
Supplementary Information (RSI). The information may be found on CalPERS web site at
www.calpers.ca.gov.
A. City of Dublin Retiree Health Plan
Plan Description -City of Dublin (City) Retiree Health Plan is a single-employer defined benefit
healthcare plan administered by the California Public Employees Retirement System (CalPERS). The
plan provides medical insurance benefits to eligible retirees and their eligible dependents in accordance
with Public Employee Retirement Law (Article 2). The Public Employees Retirement System Board of
Administration has the responsibility to approve health benefit plans and may contract with carriers
offering health benefit plans. The Board of Administration is responsible for adopting all rules and
regulations, including the scope and content of basic health plans. The California Government Code also
defines certain rules for contract agencies, such as the City of Dublin, to purchase health insurance
benefits.
Funding Policy -There is no requirement imposed by CalPERS, to contribute any amount beyond the
pay-as-you-go contributions. The cost of monthly insurance premiums may be shared between the retiree
and the City. The cost sharing varies depending on: date of hire (a vesting schedule is in place for
employees hired after April 1, 2004); the dependent status; and plan selected. A minimum employer
monthly contribution requirement is established and may be amended by the CalPERS Board of
Administration and applicable laws. Within the parameters of the law, individual contracting agencies,
such as the City, are allowed to establish and amend the level of contributions made by the employer
towards the monthly cost of the plans. Changes to the employer contribution rate towards retiree benefits
are recorded in a resolution adopted by the City Council.
The City has established a policy to make contributions to an Internal Service Fund, for the purpose of
funding its calculated obligations over a period of time, with the intent the funds will be transferred to
CalPERS periodically at which time the transfers will be recorded as Cash with Fiscal Agent in a Trust
Fund. The amount necessary to fund future benefits is based on projections from the June 30, 2013
Actuarial Study completed by Bartel and Associates, LLC in accordance with GASB Statement 45,
Accounting and Financial Reporting/or Postemployment Benefits Other than Pensions.
72
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
!NOTE 11-OTHER POST EMPLOYMENT BENEFITS (Continued)
During fiscal year 2006-2007, the City made arrangements with CalPERS to retain the OPEB assets to
finance future Retiree Health Benefits. On June 29, 2007, the City transferred $5,468,611 from the
Internal Service Fund into the California Employers' Retiree Benefit Trust Fund (CERBT). The City has
elected. a one-year amortization period for the OPEB plan assets deposited into the CERBT, as permitted
under GASB Statement 45, paragraph 13F, amortization periods allow for a maximum of 30 years with
no minimum years.
Annual OPEB Cost and Net OPEB Obligation -The City's annual Other Post Employment Benefit
(OPEB) cost (expense) is calculated based on the Annual Required Contribution of the employer (ARC),
an amount actuarially determined in accordance with the parameters of GASB Statement 45. The ARC
represents a level of funding that, if paid on an ongoing basis, is projected to cover normal cost each year
and amortize any unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty
years. The following table shows the components of the City of Dublin annual OPEB costs for the year,
the amount actually contributed to the plan, and changes in the City's net OPEB obligation to the City
Retiree Health Plan:
Annual required contribution
Annual OPEB expense
Contributions made
Decrease (increase) in net OPEB asset
Net OPEB (obligation)-beginning ofyear
Net OPEB asset -end of year
$1,344,000
1,344,000
(2,345,023)
(1,001,023)
(4,647)
$996,376
The City Retiree Health annual OPEB cost, the percentage of annual OPEB cost contributed to the plan,
and the net OPEB obligation for fiscal year 2015-16, and the preceding years were as follows:
Fiscal Annual AnnualOPEB NetOPEB
YearF.nded OPEBCost Cost Contributed Asset (Obligation)
6/30/2014 $1,306,000 101% $35,889
6/30/2015 1,350,000 97"/o (4,647)
6/30/2016 1,344,000 174% 996,376
Funded Status and Funding Progress -As of June 30, 2015, the most recent actuarial valuation date, the
plan was 74.5% funded. The Actuarial Accrued Liability (AAL) for benefits was $17,657,000 and the
Actuarial Value of Plan Asset was $13,154,000 resulting in an Unfunded Actuarial Accrued Liability
(UAAL) of $4,503,000. The covered payroll (annual payroll of active employees covered by the plan)
was $8,614,000 and the ratio ofUAAL to the covered payroll was 52.3 percent.
Actuarial valuations for OPEB plans involves estimates of the value of the reported amounts and
assumptions about the probability of events far into the future. These actuarially determined amounts are
subject to continual revisions as actual results are compared to past expectation and new estimates are
made about the future. The schedule of funding progress presented immediately following the financial
statements as required supplementary information, presents multi-year trend information about whether
the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued
liability for benefits.
73
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 11-OTHER POST EMPLOYMENT BENEFITS (Continued) I
Actuarial Methods and Assumptions -Projections of benefits for financial reporting purposes are based on
the substantive plan (the plan as understood by the employer and the plan members) and include the types
of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs
between the employer and plan members to that point. The actuarial methods and assumptions used
include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued
liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations.
In the June 30, 2015 actuarial valuation, the actuarial cost method used is Entry Age Normal (BAN) cost
method. Under the BAN cost method, the plan's Normal Cost is developed as a level percent of payroll
throughout the participants' working lifetime. Entry age is based on current age minus years of service.
Actuarial Accrued Liability (AAL) is the cumulative value on the valuation date, of prior Normal Cost.
For the retirees, the AAL is the present value of all projected benefit. The Unfunded AAL is being
amortized as a level dollar closed 15 year basis, as a level percent of payroll with a remaining
amortization period at June 30, 2016of14 years.
GASB 45 requires the interest rate to represent the underlying expected return for the source of funds
used to pay benefits. The actuarial methods and assumptions included 6.75 percent interest rate,
representing the long term expected rate of return on the CalPERS Trust Fund including a margin for
adverse earnings. Annual inflation assumed to increase at one half of the Kaiser family premium increase
and Aggregate Payroll assumed to increase at 3 .25 percent per annum. The study also used assumptions
for the salary merit and longevity increases, and demographic assumptions such as mortality, withdrawal,
and disability based on CalPERS 1997-2007 Experience Study. Retirement assumption was also based
on CalPERS 1997-2007 Experience Study of the Miscellaneous Plan 2.7% at 55 years, with expected
retirement age of approximate 58 for both females and males.
The health care cost trend rate is the rate of change in per capita health claims costs over time as a result
of factors such as medical inflation, utilization of healthcare services, plan design, and technological
developments.
The following table includes the annual healthcare cost trend rate used in the Actuarial Valuation:
Year Non-Medicare Medicare
HMO&PPO HMO&PPO
2015 Actual Premiums Actual Premiums
2016 Actual Premiums Actual Premiums
2017 7.0% 7.2%
2018 6.5% 6.7%
2019 6.0% 6.1% .. • +
2021+ 5.0% 5.0%
74
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 11-OTHER POST EMPLOYMENT BENEFITS (Continued)
B. Dougherty Regional Fire Authority Health Plan
Dougherty Regional Fire Authority Background -In 1988, the cities of Dublin and San Ramon formed
Dougherty Regional Fire Authority (DRF A), a Joint Powers Agency (JP A). The JP A provided fire
services to all of Dublin and the southern portion of San Ramon. In 1997, the two cities decided to
change how Fire Services would be provided in each City. As a result, JP A personnel were absorbed by
the two new service providers pursuant to a mutual agreement. The JP A has remained intact to conclude
the financial affairs of the entity. This includes residual retiree obligations and workers compensation
liabilities. Dublin's share of all DRFA close-out expenses, including retiree medical benefits, is 57.51%
of the actual costs, with the City of San Ramon paying 42.49% of the costs. The two cities have entered
into a binding agreement to share these expenses on this basis. The City of Dublin is presenting
information only for its contractual share of the obligations.
Plan Description -City of Dublin share of DRFA Retiree Health Plan is a single-employer defined
benefit healthcare plan administered by the California Public Employees Retirement System (CalPERS).
The Plan provides medical insurance benefits to eligible retirees and their eligible dependents. In
accordance with Public Employee Retirement Law (Article 2), the Public Employees Retirement System
Board of Administration has the responsibility to approve health benefit plans and may contract with
carriers offering health benefit plans. The Board of Administration is responsible for adopting all rules
and regulations, including the scope and content of basic health plans. The California Government Code
also defines certain rules for contract agencies, such as DRF A, to purchase health insurance benefits.
Funding Policy -There is no requirement imposed by CalPERS, to contribute any amount beyond the
pay-as-you-go contributions. The cost of monthly insurance premiums may be shared between the retiree
and DRF A. The cost sharing varies depending on: the bargaining unit; dependent status; and plan
selected. A minimum employer monthly contribution requirement is established and may be amended by
the CalPERS Board of Administration and applicable laws. Within the parameters of the law, individual
contracting agencies, such as the DRF A, are allowed to establish and amend the level of contributions
made by the employer towards the monthly cost of the plans. Changes to the employer contribution rate
towards retiree benefits are recorded in a resolution adopted by the DRF A Management Committee.
For fiscal year 2015-2016, the City contributed $42,905 to the plan, all of which was for current
premiums. No other contributions were made.
Annual OPEB Cost and Net OPEB Obligation -The City of Dublin's share of the DRFA Retiree Health
Plan annual other post employment benefit (OPEB) cost (expense) is calculated based on the annual
required contribution of the employer (ARC), an amount actuarially determined in accordance with the
parameters of GASB Statement 45, Accounting and Financial Reporting for Postemployment Benefits
Other than Pensions. The ARC represents a level of funding that, if paid on an on-going basis, is
projected to cover costs. This plan is in a unique status since there are no active members and no
"normal" cost component. Therefore, 100% of the calculated ARC relates to the amortization of
unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years.
75
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 11-OTHER POST EMPLOYMENT BENEFITS (Continued)
The following table shows the components of the City of Dublin's share ofDRFA annual OPEB cost for
the year, the amount actually contributed to the plan and changes in the Dublin Share ofDRFA net OPEB
and the City of Dublin share of the obligation to DRF A Retiree Health Plan:
Annual required contribution
Interest on net OPEB obligation
Adjustment to annual required contribution
Annual OPEB expense
Contributions made
Increase (decrease) in net OPEB obligation
Net OPEB obligation -beginning of year
Net OPEB obligation -end of year
$74,388
11,753
(31,924)
54,217
(42,905)
11,312
315,269
$326,581
The DRF A Retiree Health (City of Dublin Share) annual OPEB cost, the percentage of annual OPEB cost
contributed to the plan, and the net OPEB obligation for fiscal year 2015-2016 and the two previous years
were as follows:
Fiscal Annual AnnualOPEB OPEB
Year Ended OPEBCost Cost Contributed Obligation
6/30/2014 $53,295 75.48% $303,366
6/30/2015 53,853 80.32% 315,269
6/30/2016 54,217 79.14% 326,581
Funded Status and Funding Progress -As of June 30, 2016, the most recent actuarial valuation date, the
plan was not funded. Therefore, both the actuarial accrued liability for benefits and the unfunded actuarial
accrued liability (UAAL) equaled $806,873 Since there are no active employees, it is not possible to
calculate a comparison of the liability to the payroll.
Actuarial Methods and Assumptions -Projections of benefits for financial reporting purposes are based on
the substantive plan (the plan as understood by the employer and the plan members) and include the types
of benefits provided at the time of each valuation and the historical pattern of sharing of benefit costs
between the employer and plan members to that point. The actuarial methods and assumptions used
include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued
liabilities and the actuarial value of assets, consistent with the long-term perspective of the calculations.
76
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 11-OTHER POST EMPLOYMENT BENEFITS (Continued)
A sole or agent employer that meets any of the eligibility criteria in paragraph 11 of GASB 45 is
permitted to apply the alternative measurement method set forth in paragraphs 33 through 35 of GASB45,
which allows for certain simplifying modifications to the selection of assumptions for purposes of
measuring the ARC (Annual Required Contribution) and the plan's actuarial accrued liabilities and
funded status. In the June 30, 2016 actuarial valuation prepared by Bartel and Associates, LLP the
actuarial used was Alternative Measurement Method with the Entry Age Normal (BAN) cost method.
Under the BAN cost method, the plan's Normal Cost is developed as a level percent of payroll throughout
the participants' working lifetime. The actuarial assumptions included a 4.0% investment rate of return
(net of administrative expenses), calculated based on the funded level of the plan at the valuation date.
The expected rate of increase in healthcare insurance premiums is based on projections of the CalPERS
1997-2011 Experience Study. The increases are as follows:
Year Non-Medicare Medicare
HMO&PPO HMO&PPO
2015 Actual Premiums Actual Premiums
2016 Actual Premiums Actual Premiums
2017 7.0% 7.2%
2018 6.5% 6.7%
2019 6.0% 6.1%
2020 5.5% 5.6%
2021+ 5.0% 5.0%
The Actuarial Accrued Liability (AAL) is the cumulative value, on the valuation date, of prior Normal
Costs. For retirees, the AAL is the present value of all projected benefits. Although GASB45 allows an
amortization period not to exceed 30 years, due to the closed status of the plan, the unfunded AAL is
amortized over 15 years as a level of dollar amount.
I NOTE 12 -HEALTH, GENERAL LIABILITY AND WORKERS' COMPENSATION COVERAGE
A. Risk Pool
The City participates in the ABAG PLAN Corporation, a non-profit public benefit corporation established
to provide liability insurance coverage, claims administration and risk management services, and legal
defense to its participating members. The liability insurance coverage is provided by a combination self-
insurance collectively funded by ABAG PLAN Corporation and the purchase of commercial insurance
for large losses.
ABAG PLAN provides the first $5 million of coverage as self-funded general liability and automobile
liability coverage per occurrence. ABAG PLAN purchases commercial excess liability insurance in two
layers of $10 million and $15 million each to provide total coverage of claims up to $30 million per
occurrence. The City has a deductible of $50,000 per occurrence. ABAG PLAN also provides $1 million
of employee bonds (theft coverage) in excess of a $5,000 deductible.
77
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 12 -HEALTH, GENERAL LIABILITY AND WORKERS' COMPENSATION COVERAGE
ABAG PLAN also provides property insurance coverage. This coverage is also comprised of a self-
insured layer combined with commercial insurance. The frrst $100,000 of losses are self-funded by
ABAG PLAN form premiums collected from the participants in the program. ABAG PLAN purchases
an insurance policy to cover losses above $100,000 per occurrence and the annual aggregate losses of the
pool are insured above $250,000. The insurance provides coverage for property damage among all
participants to $1 billion. The City deductible for property and vehicle losses is $5,000. For any single
loss in excess of $25,000 the deductible is waived.
The City's contributions to the ABAG PLAN for liability coverage are based on a formula which
considers the ratio of the City's payroll to the total payrolls of all entities participating in the same layer
of each program, in each program year's loss history and population. Actual surpluses or losses are
shared according to a formula developed from overall loss costs and spread to member entities on a
percentage basis after a retrospective rating.
There have been no significant reductions in any of the City's areas of insurance coverage and no
settlement amounts have exceeded coverage in the past three years.
Audited financial information for the ABAG PLAN can be obtained from ABAG PLAN, P.O. Box 2050,
Oakland, California 94604-2050.
B. Worker's Compensation Coverage
The City participates in the Cities Group, created by a joint powers agreement to provide workers'
compensation coverage paid from the pooled contributions of its membership with no deductible to the
City. Any claim in excess of $1 million is covered up to $10 million through a policy with New York
Marine Insurance Corp purchased by the Cities Group. The Cities Group acts as an administrator, claim
adjuster and provides other risk management services as provided by State law. Each member of the
Cities Group pays a premium commensurate with the level of coverage requested and shares surpluses
and deficits proportionately to its participation in the Cities Group. During the year ended June 30, 2016,
the City paid Cities Group $5,815 in premiums. At June 30, 2016, the City of Dublin's share of equity in
the Cities group amounted to $8,282.
Financial Statements may be obtained from the Cities Group, PO Box 111, Burlingame, CA 94011-0111.
C. Liability for Uninsured Claims
The GASB requires municipalities to record their liability for uninsured claims and reflect the current
portion of this liability as expenditures in their financial statements. As discussed above, the City has
coverage for such claims, but it has retained the risk for the deductible or the uninsured portion of these
claims in the ABAG PLAN and the Cities Group plans. GASB Statement No. 10, "Financial Reporting
for Risk Financing and Related Insurance Issues" require that this amount be separately identified and
recorded as a liability.
The City's liability for uninsured claims, limited to general liability and workers compensation claims as
discussed above, includes a provision for incurred but not reported (IBNR) losses. This amount was
estimated based on claims experience. The reserve recorded, $36,393, is adequate to cover 3.09% IBNR
claims. Therefore no adjustment was made in fiscal year 2015-2016 as the City's exposure is for the
$50,000 deductible per General Liability claim. The City has no actual liabilities that are due and payable
at June 30, 2016.
78
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 13 -JOINT POWERS AGREEMENTS I
The City participates in joint ventures discussed below through separate entities established under the Joint
Exercise of Powers Act of the State of California. As separate legal entities, these entities exercise full
powers and authorities within the scope of the related Joint Powers Agreements 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. Each joint venture is governed by a board consisting of representatives from member
municipalities. Each board controls the operations of the respective joint venture, including selection of
management and approval of operating budgets, independent of any influence by member municipalities
beyond their representation on that board. Obligations and liabilities of these joint ventures are not the
City's responsibility and the City does not have an equity interest in the assets of each joint venture except
upon dissolution of the joint venture.
A. Animal Control Services
The Cities of Dublin, Pleasanton, and Livermore and the County of Alameda have entered a joint powers
agreement, dated September 15, 1992, under which Alameda County constructed an animal shelter
facility on County's property. The agreement provided that the County would retain ownership of the
land and that each participating agencies would receive an equity interest in the facility. Certificates of
Participation were issued to construct the facility. Under the agreement the entities will share in the debt
service costs of the project based upon their use of the animal shelter.
The original total principal portion of the scheduled debt is $4,523,877. The City's share for the annual
debt service requirements are based upon the statistics of live animals handled in the shelter. In fiscal year
2014-2015 the City contributed $36,562 of the total annual debt service payment. In addition, the City
contributed $198,217 or 13.90% toward the annual operating shelter services and $92,846 representing
7.96% of the animal field service expenditures.
The City has not recorded an equity interest for the animal shelter agreement. As noted above the ongoing
financial interest is limited to the statistics of live animals handled in the appropriate fiscal year. No Joint
Powers Authority was established as part of this agreement therefore, separate financial statements are not
issued.
B. Associated Community Action Program (ACAP)
The City is a member of ACAP, a Joint Powers Authority established in July 12, 1994, with a governing
board comprised of elected officials from its 13 member agencies. The members include Alameda
County and the Cities of Alameda, Albany, Dublin, Emeryville, Fremont, Hayward, Livermore, Newark,
Piedmont, Pleasanton, San Leandro, and Union City. The purpose of the ACAP was to plan, develop,
and administer social services programs under the federal Community Services Block Grant Program.
These programs included housing assistance, jobs training and education, and youth development
services. Due to significant financial issues, the Board of Directors of ACAP in February 2011 chose to
terminate its participation in various state and federal program and to effectively cease its operations.
Management Partners, Inc. was engaged to manage and implement the close of ACAP.
The representatives of the members and the ACAP Board of Directors have determined that the original
JP A that created ACAP should be amended to reflect the current status of ACAP. On October 18, 2011,
the City Council approved an Amended and Restated Joint Powers Agreement to restructure ACAP's and
delegate oversight powers to allow the County and the City Managers, rather than the elected officials, to
continue its obligations such as records retention, legal and claims, and audit compliance and to limit
future exposure for member agencies.
79
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 13 -JOINT POWERS AGREEMENTS (Continued)
During fiscal year 2015-2016 the City of Dublin has also acted as a fiscal agent, which was comprised of
collecting contributions from the members, processing payments on behalf of ACAP, and issuing
financial reports. In fiscal year 2015-2016, the ACAP Board of Directors determined that no contributions
would be made by member agencies, unless additional close-out funds are needed. The City will incur a
pro-rata share of the on-going costs.
Unaudited condensed financial information as of June 30, 2016 for ACAP is presented below:
Total assets
Total liabilities
Total net assets
Total revenues
Total expenses
Increase (decrease) net position
$186,922
888,302
(701,380)
211
50,714
(50,503)
I NOTE 14-OTHER COMMITMENTS AND CONTINGENT LIABILITIES I
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 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.
The City is a defendant in a number of lawsuits that have arisen in the normal course of business, the
outcome of which cannot be predicted with certainty. In the opinion of the City Attorney, these actions
when finally adjudicated will not have a material adverse effect on the financial position of the City.
A. Reimbursements to the City of Pleasanton
On January 23, 1996, the City adopted a fee for the purpose of reimbursing the City of Pleasanton for the
costs of making improvements to the interchanges of Interstate 580 at Hacienda Drive and Tassajara
Road/Santa Rita Road that benefit development in both Pleasanton and future development in Eastern
Dublin. The Cities entered into an agreement on November 3, 1998, to allow for an automatic annual
escalator factor in the amount of the fee assessed to developers based upon the LAIF interest rate and to
repay the City of Pleasanton. The amount of the contingent liability outstanding at June 30, 2016, was
$3,562,043 which is net of the $110,794 in payments made by the City to reduce this contingent liability
during the year. The accounting for the amount due is not recorded as indebtedness since future payments
are contingent upon the future collection of development fees assessed for reimbursement of these
improvements.
B. Alameda County Surplus Property Authority
The City entered into an agreement with the Alameda County Surplus Property Authority for the
repayment of the City's Short Term BART Advance by the Authority. Under the terms of the agreement,
interest on the advance shall accrue at a rate based on the Alameda County Treasurers return on
investments. As of June 30, 2016, the balance was $114,888 which includes accrued interest. The
advance is to be repaid from developer fees, charges, and other non-tax revenues from the benefiting
areas and has no specific due date. The City's General Fund shall not be obligated to repay this
obligation. The accounting for the amount due is not recorded as indebtedness since future payments are
contingent upon the future collection of development fees assessed for repayment of the advance.
80
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2016
I NOTE 14-OTHER COMMITMENTS AND CONTINGENT LIABILITIES (Continued)
C. Other Development Agreements
The City entered into several agreements with various developers and merchant builders who are
developing numerous residential and commercial projects throughout the City. The City agreed to grant
the developers' impact fee credits since the developers constructed certain improvements beyond what
was needed to serve their specific projects. The value of credits does not increase for inflation nor do
they accrue interest. Any unused credits may be used by the developers on other projects located within
the Traffic Impact Fee area. The value of the credits as of June 30, 2016 was $124,933,301. The addition
of $108,891,680 to the credit balance was mainly due to value appreciation by converting parkland
acreage to a dollar value, and credit used for the fiscal years was $90,640,944.
D. Alameda County Fire Department (ACFD)
The City of Dublin contracts to have the Alameda County to provide fire services. As part of the contract,
the City pays for its share of ACFD's retiree health plan and retirement plan. In 2012 ACFD began
working with CalPERS to create side funds within its OPEB trust to allow for member agencies to fund
their share of the obligation. In preparation for this, in June 2012 the City Council authorized a
contribution of $6.487 million towards the liability that was then moved to a General Fund Reserve,
which was reclassified as an assigned fund balance upon the City's implementation of GASB Statement
No. 54. Since then, the City continued to add funds to that fund balance assignment.
After ACFD successfully implemented the OPEB trust side funds, the City was notified that as of June
30, 2015, the most recent actuarial valuation date, the City's side fund was 0.93% funded. The Actuarial
Accrued Liability (AAL) for benefits was $10,356,000 and the Actuarial Value of Plan Asset was
$96,000 resulting in an Unfunded Actuarial Accrued Liability (UAAL) of $10,260,000.
In May 2016 the Alameda County Board of Supervisors approved an agreement with the City providing
the framework for the City to fund its side fund. In June 2016, upon approving the agreement by the City
Council, the City made a one-time contribution of $8,200,000 to the side fund. As a result, $2,060,000
was reported as a payable to other agencies on the Statement of Net Position.
81
This Page Left Intentionally Blank
REQUIRED SUPPLEMENTAL INFORMATION
83
Schedule ofthe Plan's Proportionate Share of
the Net Pension Liability
and Related Ratios as of the Measurement Date
Last 10 Years*
Plan's Proportion of the Net Pension Liability (Asset)
Plan's Proportionate Share of the Net Pension Liability/(Asset)
Plan's Covered Employee Payroll
Plan's Proportionate Share of the Net Pension Liability/(Asset)
as a Percentage ofits Covered-Employee Payroll
Plan's Proportionate Share of the Fiduciary Net Position as a
Percentage of the Plan's Total Pension Liability
* -Fiscal year 2015 was the 1st year of implementation.
84
6/30/2014
0.12593%
$7,837,436
$8,425,970
93.02%
210.70%
6/30/2015
0.36999%
$10,150,589
$9,268,029
1.095226288
79.29%1
City of Dublin
Cost-Sharing Multiple Employer Defined Pension Plan -Miscellaneous Plans
For the Fiscal Year Ended June 30, 2016
Actuarially determined contribution
Contnbutions in relation to the actuarially
determined contributions
Contribution deficiency (excess)
Covered-employee payroll
Contributions as a percentage of covered-
employee payroll
Schedule ofContributions
Last 10 Years*
2015
$1,411,959
(1,411,959)
$0
$8,425,970
16.76%
* -Fiscal year 2015 was the 1st year of implementation.
85
2016
$869,467
(869,467)
$0
$9,268,029
9.38%
City of Dublin
Other Post-Employment Retirement Benefits
For the Fiscal Year Ended June 30, 2016
Schedule of Funding Progress
Underfunded
Entry Age (Overfunded)
Actuarial Actuarial Actuarial UAALas a
Actuarial Value of Accrued Accrued Funded Covered Percentage of
Valuation Assets liability liability Ratio Payroll Covered Payroll
Date (A) (B) (B-A) (A/B) (9 [(B-A)/C]
6/30/2004 $0 $4,973,780 $4,973,780 0.00% $6,320,280 78.7%
6/30/2007 5,694,000 6,159,000 465,000 92.45% 6,697,747 6.9"/o
6/30/2009 5,326,000 6,990,000 1,664,000 76.19% 7,618,000 21.8%
6/30/2011 6,823,000 11,557,000 4,734,000 59.04% 7,830,000 60.5%
6/30/2013 9,574,000 14,823,000 5,249,000 64.59% 8,972,000 58.5%
6/30/2015 13,154,000 17,657,000 4,503,000 74.50% 8,614,000 52.3%
86
SUPPLEMENTARY INFORMATION
87
This Page Left Intentionally Blank
BUDGETED MAJOR GOVERNMENTAL FUNDS OTHER THAN
GENERAL FUND AND SPECIAL REVENUE FUNDS
The General Improvements Projects Capital Projects Fund -is used to manage the programming of
funds and activities associated with major Capital Improvements Projects. The Fund accumulates
resources for capital expenditures and utilizes those resources to support projects that are general in
nature and are not Streets, Parks, or Community Improvements projects.
The Community Improvements Projects Capital Projects Fund -is used to manage the programming of
funds and activities associated with major the Capital Improvements Projects. The Fund accumulates
resources for capital expenditures and utilizes those resources to support projects that would promote or
enhance redevelopment, revitalization, beautification of the City's community and are not General
Improvements, Streets or Parks related projects.
The Parks Projects Capital Projects Fund -is used to manage the programming of funds and activities
associated with major the Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would construct, improve, or enhance
the City's parks and facilities.
The Streets Projects Capital Projects Fund -is used to manage the programming of funds and activities
associated with major the Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would construct, improve, or enhance
the City's highways, streets, roads, bridges, lighting, or the storm drain systems.
The Public Facilities Impact Fees Capital Projects Fund -is used to account for impact fees received
from developers of properties, which can only be used for the design, development, and construction of
new public facilities within the City.
The Fire Impact Fees Capital Projects Fund -is used to account for fees received from developers of
properties, which can only be used for the design, development, and construction of fire capital expansion
projects within the City.
The Traffic Impact Fees Capital Projects Fund-is used to account for fees received from developers of
properties, which can only be used for the design, development and construction of street projects within
the City.
The Dublin Crossing Contribution Capital Projects Fund -accounts for community benefit payments
specific to the Dublin Crossings Project, separate from any developer impact fees generated by the
project.
89
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Original Final Actual Amounts
Property taxes:
Current year secured $24,636,727 $25,764,437 $25,672,248
Current year unsecured 1,474,378 1,474,378 1,509,393
Supplemental property tax 400,000 400,000 836,309
Prior year secured 300,000 300,000 386,802
Prior year unsecured 4,430 4,430 (29,330)
Property tax penalties 78,437 78,437 86,398
In lieu property tax 428922064 4,892,064 5,136,781
Sub-total 31,7862036 32,913,746 33,598,601
Taxes other than property:
Sales and use tax 19,066,249 19,566,249 17,197,569
In lieu sales tax 1,170,190 1,170,190 3,741,257
Real property transfer tax 500,000 500,000 950,025
Hotel transient occupancy tax 1,000,000 1,000,000 1,525,219
Franchise taxes 3,408,000 3,408,000 4,130,771
Sub-total 25,144,439 25,6442439 27,544,841
Licenses and permits:
Animal licenses 7,000 7,000 6,219
Building permits 2,585,272 4,454,196 5,515,157
Business license 170,987 170,987 200,349
Construction and demolition permits 91,380 134,825 149,916
Encroachment permits 117,791 117,791 90,689
Fire permits 96,696 96,696 94,899
Grading permits 2,652 2,652 3,920
Planning permits 44,642 44,642 69,452
Miscellaneous permits 7,272 7,272 8,819
Sub-total 3,123,692 5,036,061 6,139,420
Fines and forfeitures:
Parking citations 72,432 72,432 68,329
Business license penalties 2,500 2,500 5,039
Other court fmes 35,000 35,000 42,648
Sub-total 109,932 109,932 1162016
90
Variance with
Final Budget
Positive
(Negative)
($92,189)
35,015
436,309
86,802
(33,760)
7,961
244,717
684,855
(2,368,680)
2,571,067
450,025
525,219
722,771
12900,402
(781)
1,060,961
29,362
15,091
(27,102)
(1,797)
1,268
24,810
1 547
1,103,359
(4,103)
2,539
7,648
6,084
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30, 2016 (Continued)
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative}
Revenue from use of money and property:
Interest $466,191 $466,191 $1,062,247 $596,056
Internal designated 6,104 6,104
Change in fair market value of investments 1,869,627 1,869,627
Rent and concession:
Field and court rentals 193,550 193,550 233,532 39,982
Facility rentals 305,910 305,910 361,457 55,547
Leased property 443,613 443,613 519 758 76,145
Sub-total 1,409,264 1,409,264 4,052,725 2,643,461
Intergovernmental revenues:
Motor vehicle in-lieu 22,532 22,532
Mandated costs 15,000 15,000 83,910 68,910
Homeowner's property tax relief 183,620 183,620 217,633 34,013
Sub-total 198,620 198,620 324,075 125,455
Charges for services:
General government
Building use insurance 19,000 19,000 22,056 3,056
Sale of maps and documents 3,700 3,700 682 (3,018)
Public safety
Police charges for services 56,720 56,720 49,275 (7,445)
Fire charges for services 171,532 374,332 656,180 281,848
Santa Rita fire services 380,200 380,200 873,420 493,220
Waste management
Waste management admin fees 730,802 730,802 825,820 95,018
Environmental Programs
EV Charges 1,460 1,460
Parks and community services
Aquatics programs 176,170 176,170 237,369 61,199
Cemetery 1,150 1,150 690 (460)
Cultural arts 133,140 133,140 103,134 (30,006)
Family programs 602,195 602,195 748,950 146,755
Heritage Center 10,740 10,740 14,364 3,624
Preschool programs 389,850 389,850 363,213 (26,637)
Recreational activities 385,607 385,607 503,509 117,902
Senior programs 91,150 91,150 110,464 19,314
Sports programs 715,847 715,847 849,203 133,356
Community Development
Engineering plan checking 2,500,287 2,500,287 2,606,107 105,820
Local share permit surcharge -SMlP 1,289 1,289 3,616 2,327
Building plan checking 657 657
Local share permit surcharge -Zone 7 drainage fees 2,980 2,980 30,776 27,796
Zoning and subdivision fees 1,527,450 2,127,450 2,1292849 2,399
Sub-total 7,899,809 8,702,609 10,130,794 1,4282185
91
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30, 2016 (Continued)
Budgeted Amounts
Original Final Actual Amounts
Other revenues:
Contributions $100,250 $116,230 $134,479
Sales of property 3,950
Miscellaneous 102,001 102,001 104,582
Reimbursement -general 133,666 182,554 346,709
Reimbursement -public damage 22,500 22,500 7,849
Reimbursement -Community benefit assessment 675,678 424,678 424 000
Sub-total 1,034,095 847,963 1,021,569
Total Revenue by Sources $70,705,887 $74,862,634 $82,928,041
92
Variance with
Final Budget
Positive
(Negative}
$18,249
3,950
2,581
164,155
(14,651)
(678}
173,606
$8,065,407
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CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 2016
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative}
General government
City Council $489,404 $534,170 $439,779 $94,391
City Manager 1,069,821 1,126,213 1,118,762 7,451
City Clerk 373,210 373,507 360,067 13,440
Election 3,120 3,120 1,980 1,140
Hmnan resources 654,234 683,981 678,432 5,549
Insurance 471,410 471,410 401,892 69,518
City attorney 777,810 958,810 876,229 82,581
Finance 1,552,114 1,556,265 1,447,127 109,138
Non departmental ISF 1,819,054 9,175,178 9,522,009 (346,831)
Disaster preparedness 128,849 129,555 104,823 24,732
Crossing guards 133,996 133,996 131,566 2,430
Animal control 282,237 327,637 327,626 11
Waste management 261,146 261,146 237,480 23,666
Community TV 109,150 109,150 105,740 3,410
Sub-total 8,125,555 15,844,138 15,753,512 90,626
Police
Police admin/support services 2,621,949 2,621,949 2,280,587 341,362
Patrol 7,197,890 7,745,110 7,581,634 163,476
Traffic 1,017,019 1,017,019 1,178,870 (161,851)
Investigations 2,094,169 2,094,169 2,383,947 (289,778)
Crime prevention/school resource services 1,472,319 1,472,319 1,522,528 (50,209)
Communications/dispatch 1,020,846 1,020,846 910,460 110,386
Neighborhood resources 163,060 163,060 150,936 12,124
Police operations support 1,955,392 2,010,180 1,638,795 371,385
Sub-total 17,542,644 18,144,652 17,647,757 496,895
Fire
Administration 11,444,410 11,444,410 11,134,334 310,076
Fire prevention 415,686 416,549 399,337 17,212
Operations 71,300 149,355 149,338 17
Fire station maintenance 240,869 278,175 240,453 37,722
Sub-total 12,172,265 12,288,489 11,923,462 365,027
Public works
Building management 1,186,661 1,209,190 1,090,648 118,542
Public Safety Complex 80,435 100,869 77,893 22,976
Traffic signals 10,500 10,500 10,458 42
Street lighting 14,101 14,101 11,956 2,145
Public works administration 1,217,385 1,243,942 1,188,309 55,633
Street maintenance 154,737 46,820 21,895 24,925
Street sweeping 135,726 135,726 116,407 19,319
Street landscaping 1,211,587 1,348,584 1,190,212 158,372
Street tree maintenance 134,880 142,280 145,788 (3,508)
Environmental services 212,302 237,302 188,752 48,550
Engineering 2,635,704 2,756,059 2,827,142 (71,083}
Sub-total 6,994,018 7,245,373 6,869,460 375,913
94
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 2016 (Continued)
Budgeted Amounts
Original Final Actual Amounts
Parks and Community Services
Library services 818,359 836,579 845,013
Park maintenance 3,287,389 3,424,285 2,949,885
Historic facility operations and rentals 300,033 660,978 352,478
Heritage center programs 376,239 397,089 363,765
Community events and festivals 668,083 707,883 529,528
Facility operations and rentals 1,406,826 1,554,342 1,416,909
Parks and community services administration 1,208,884 1,265,979 1,031,701
Family programs 569,423 569,423 574,200
Recreational activities 524,206 524,206 671,551
Preschool programs 275,808 275,808 244,069
Senior programs 484,547 485,685 465,713
Sports programs 765,220 765,448 688,138
Aquatic programs 711,816 746,909 369,473
Parks/facilities development 422,838 466,930 246,690
Sub-total 112819,671 12,681,545 10,749,113
Economic development
Economic development 651,912 860,576 368,039
Public information 466,904 427,367 236,738
Sub-total 12118,816 1,287,943 604,777
Community development
Human services 188,810 188,810 98,170
Housing programs 99,990 99,990 47,090
Planning 2,497,735 2,699,219 2,609,398
Building and safety 2,820,781 3,0462420 22744,564
Sub-total 5,607,316 6,034,439 5,499,222
Total Expenditures $63,380,285 $73,526,579 $69,047,303
95
Variance with
Final Budget
Positive
(Negative)
(8,434)
474,400
308,500
33,324
178,355
137,433
234,278
(4,777)
(147,345)
31,739
19,972
77,310
377,436
220,241
1,932,432
492,537
190,629
683,166
90,640
52,900
89,821
301,856
535,217
$4,479,276
CITY OF DUBLIN
GENERAL IMPROVEMENTS PROJECTS CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Variance with
Final Budget
Positive
Original Final Actual Amounts (Negative)
EXPENDITURES:
General government $15,921 ($15,921)
Capital outlay:
General improvements $115,833 $18,269,145 666,478 17,602,667
Total Expenditures 115,833 18,269,145 682,399 17,586,746
REVENUES OVER (UNDER) EXPENDITURES (115,833) (18,269,145) (682,399) 17,586,746
OTHER FINANCING SOURCES (USES)
Transfers in 115,833 18,269,145 666,477 (17,602,668)
Total Other Financing Sources (Uses) 115,833 18,269,145 666,477 (17,602,668)
NET CHANGE IN FUND BALANCE (15,922) ($15,922)
BEGINNING FUND BALANCE 15,922
ENDING FUND BALANCE
96
CITY OF DUBLIN
COMMUNITY IMPROVEMENTS PROJECTS CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Original Final Actual Amounts
EXPENDITURES:
General government $854
Capital outlay:
Community improvements $104,925 $482,912 117,104
Total Expenditures 104,925 482,912 117,958
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (104,925) ~482,912} (117,958}
OTIIER FINANCING SOURCES (USES)
Transfers in 104,925 482,912 117,104
Total Other Financing Sources (Uses) 104,925 482,912 117,104
NET CHANGE IN FUND BALANCE (854)
BEGINNING FUND BALANCE 854
ENDING FUND BALANCE
97
Variance with
Final Budget
Positive
(Negative)
($854)
365,808
364,954
364,954
p65,808}
p65,808}
~$854}
EXPENDITURES:
General government
Capital outlay:
Parks
Total Expenditures
CITY OF DUBLIN
PARKS PROJECTS CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Original Final
$14,944,033 $49,385,794
14,944,033 49,385,794
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (14,944,033) (49,385,794)
OTHER FINANCING SOURCES (USES)
Transfers in 14,944,033 49,385,793
Total Other Financing Sources (Uses) 14,944,033 49,385,793
NET CHANGE IN FUND BALANCE ($1)
BEGINNING FUND BALANCE
ENDING FUND BALANCE
98
Variance with
Final Budget
Positive
Actual Amounts (Negative)
$4,967 ($4,967)
23,469,847 25,915,947
23,474,814 25,910,980
(23,474,814) 25,910,980
23,469,847 (25,915,946)
23,469,847 (25,915,946)
(4,967) ($4,966)
4,967
CITY OF DUBLIN
STREETS PROJECTS CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
REVENUES:
Other revenues
Total Revenues
EXPENDITURES:
Capital outlay:
Streets
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE (DEFICIT)
ENDING FUND BALANCE
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Original Final
$3,286,260 $17,268,881
3,286,260 17,268,881
(3,286,260) (17,268,881)
3,286,260 17,268,882
3,286,260 17,268,882
$1
99
Variance with
Final Budget
Positive
Actual Amounts (Negative)
$21,500 $21,500
21,500 21,500
3,652,808 $13,616,073
3,652,808 13,616,073
(3,631,308) 13,637,573
3,652,808 (13,616,0742
3,652,808 (13,616,074)
21,500 $21,499
(21,500)
CITY OF DUBLIN
PUBLIC FACILITIES IMPACT FEES CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Variance with
Final Budget
Positive
Original Final Actual Amounts (Negative)
REVENUES:
Interest
Developer fees
Total Revenues
EXPENDITURES:
Parks and community service
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
$83,705
8,629,500
8,713,205
$91,806
91,806
8,621,399
2,000,000
(8,808,678)
(8,808,678)
($187,279)
100
$83,705
15,005,000
15,088,705
151,332
151,332
14,937,373
2,000,000
( 42,429,522)
( 40,429,5222
($25,492, 149)
$346,254
15,091,483
15,437,737
42,072
42,072
15,395,665
(22,897,019)
(22,897,019)
(7,501,354)
33,664,323
$26, 162,969
$262,549
86,483
349,032
109,260
109,260
458,292
(2,000,000)
19,532,503
17,532,503
$17,990,795
CITY OF DUBLIN
FIRE IMP ACT FEES CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
REVENUES:
Developer fees
Total Revenues
EXPENDITURES:
Current:
General government
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE (DEFICIT)
ENDING FUND BALANCE (DEFICIT)
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Original Final
$196,692 $316,692
196,692 316,692
5,000 5,000
5,000 5,000
191,692 311,692
$191,692 $311,692
101
Variance with
Final Budget
Positive
Actual Amounts (Negative)
$390,513 $73,821
390,513 73,821
579 4,421
579 4,421
389,934 78,242
389,934 $78,242
(470,6072
($80,6732
CITY OF DUBLIN
TRAFFIC IMP ACT FEES CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Original Final Actual Amounts
REVENUES:
Interest
Developer fees
Total Revenues
EXPENDITURES:
Current:
General government
Public works
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
$55,527' $55,527 $172,613
956,352 3,899,352 3,969,043
1,011,879 3,954,879 4,141,656
$500,000 554,460 497,296
110,000 1,042
500,000 664,460 498,338
511,879 3,290,419 3,643,318
(921,883) (4,046,116) (l,096,116)
(921,883) (4,046,1162 (l,096,116)
($410,004) ($755,6972 2,547,202
17,260,167
$19,807,369
102
Variance with
Final Budget
Positive
(Negative)
$117,086
69,691
186,777
57,164
108,958
166,122
352,899
2,950,000
2,950,000
$3,302,899
CITY OF DUBLIN
DUBLIN CROSSING CONTRIBUTION CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
REVENUES:
Interest
Developer fees
Total Revenues
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE (DEFICIT)
ENDING FUND BALANCE
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
Budgeted Amounts
Original Final Actual Amounts
$11,277
$15,000,000 15,000,000
15,000,000 15,011,277
15,000,000 15,011,277
{$15,049,8542 {549,791)
{15,049,854) {549,791)
($49,8542 14,461,486
{68,934)
$14,392,552
103
Variance with
Final Budget
Positive
(Negative)
$11,277
11,277
11,277
14,500,063
14,500,063
$14,511,340
.... I
This Page Left Intentionally Blank
NON-MAJOR GOVERNMENTAL FUNDS
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.
SPECIAL REVENUE FUND
PUBLIC SAFETY:
SPECIAL CRIMINAL ACTIVITY
Established to account for receipt of funds derived from asset forfeitures.
VEIDCLE ABATEMENT
Established to account for the use of funds received from vehicle registration of Dublin residents for the towing
of abandoned vehicles in city limits.
SUPPLEMENTAL LAW ENFORCEMENT (SLESJCOPS)
Established to account for police expenditures funded by a State grant.
TRAFFIC SAFETY
Established to account for the receipt of traffic fines and traffic safety expenditures.
FEDERAL ASSET SEIZURE
Established to account for the receipts and expenditures of the Federal seizure funds.
EMERGENCY MEDICAL SERVICES (EMS)
Established to account for excise taxes received to fund the costs of providing Emergency Medical Services.
ENFORCEMENT GRANTS
Established to account for miscellaneous grants received for police expenditures not reported in the above funds.
TRANSPORTATION:
STATE GAS TAX
Established to account for the receipt of state gasoline taxes and expenditures.
SAFE TEA-LU
Established to account for the revenue received from the U.S. Department of Transportation under the Safe,
Accountable, Flexible, Efficient Transportation Equity Act: A Legal for Users fund.
105
NON-MAJOR GOVERNMENTAL FUNDS (Continued)
MEASURE B SALES TAX-LOCAL STREETS
Established to account for an Alameda County voter sales tax used for improvements on streets and roads.
MEASURE B SALES TAX-BIKE PEDESTRIAN
Established to account for an Alameda County voter approved increase in sales tax used for bike and pedestrian
related projects.
MEASURE B GRANTS
Established to account for transportational projects financed by grants, funded by an Alameda County voter
approved increase in sales tax.
MEASURE BB SALES TAX-STREETS AND ROADS
Established to account for an Alameda County voter approved increase in sales tax used for improvements on
streets and roads.
MEASURE BB SALES TAX-BIKE/PEDESTRIAN
Established to account for an Alameda County voter approved increase in sales tax used for bike and pedestrian
related projects.
TRANSPORTATION FUND FOR CLEAN AIR (TFCA)
Established to account for a portion of vehicle registration fee used for achieving the reduction of motor vehicle
emissions.
CONGESTION MANAGEMENT AGENCY
Established to account for funds received from the Alameda County Congestion Management Agency.
IDGHW AY SAFETY TRAFFIC REDUCTION BOND
Established to account for the receipts of funds for local streets and road improvements.
FEDERAL TRANSPORTATION (TIGER)
Established to account for the receipts of Federal grants for approved street and trail improvements funded by a
one-time Federal grants.
ACTC VEIDCLE REGISTRATION FEE
Established to account for an Alameda County Transportation Commission (ACTC) voter approved increase in
vehicle registration fee that is distributed by ACTC to be used for street and road system maintenance.
106
NON-MAJOR GOVERNMENTAL FUNDS (Continued)
TDA
Established to account for the financial activities associated with allocations funded by the State of California
Transportation Development Act (IDA) for the Pedestrian/Bicycle Projects."
ENVIRONMENTAL:
GARBAGE/RECYCLING
Established to account for the following activities:
Measure D Recycling
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. This fund also accounts for other locally
derived funds for recycling related activities.
Garbage Service
Established to account for the use of funds received which are levied by the county on behalf of the City for
garbage pick-up and removal and recycling services.
Local Recycling
Established to account for locally derived funds collected for a commercial organic and recycling program
and activities retained by the City at the end of the franchise held by Waste Management me. These funds
are independent of the funds distributed by Stop Waste pursuant to the Alameda County Recycling Measure.
A VI ECONOMIC BENEFIT/BUSINESS ASSISTANCE PROGRAM
Established to account for the grant received from Amador Valley fudustry and to provide business owners
funding for eligible environmental related improvements.
STORM WATER MANAGEMENT
Established to account for the following activities:
Storm Water Management
Established to account for the funds received from the State and designated specifically for the use of storm
water related activities.
Dublin/Dougherty Storm Water Management
Established to account for funds designated for the management of the Dublin/Dougherty area storm water
units.
Village Parkway Storm Water Management
Established to account for funds designated for management of the Village Parkway area storm water units.
107
NON-MAJOR GOVERNMENTAL FUNDS (Continued)
BOX CULVERT
Established to account for the funds designated for the maintenance and repairs of box culvert in the East Dublin
area.
PARKS, CULTURAL, AND ARTS:
EAST BAY REGIONAL PARK DISTRICT
Establish to account for the funds received from the East Bay Regional Park District from the Measure WW -
Extend Existing East Bay Regional Park District Bond With No Increase In Tax Rate approved by voters on
November 4, 2008.
PUBLIC ART
Establish to account for the fees received from developers of properties, which can only be used for the purchase
design, development, and construction of Public Art projects within the City of Dublin.
MISCELLANEOUS SPECIAL REVENUE
Established to account for the following activities:
Cable TV Facilities
Established to account for Cable TV Facilities fees collected from Cable Television providers and passed
through to the City for local cable television as allowed under State and Federal franchising laws.
Noise Mitigation
Establish to account for the fees received from developers of properties, which can only be used for the
noise mitigation measures.
Citywide Events (Customer Service) Fund
Establish to account for event ticket sales and donations, to be spent on special events citywide.
COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG)
Used to account for grants and expenditures related to Community Development Block Grants received.
HCD HOUSING RELATED PARKS GRANT
Established to account for a Housing-Related Parks (HRP) grant funding from the Department of Housing and
Community Development pursuant to the Housing and Emergency Shelter Trust Fund Act of 2006 (Proposition
lC.)
MAINTENANCE DISTRICTS:
Established to account for revenue and related expenditures of lighting and landscape districts.
108
This Page Left Intentionally Blank
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUND
COMBINING BALANCE SHEET
JUNE 30, 2016
Special Revenue Funds
Special Supplemental
Criminal Vehicle Law
Activity Abatement Enforcement
ASSETS
Cash and investments $134,153 $329,645 $30,848
Accounts receivable
Prep aids 2,495
Total Assets $136,648 $329,645 $30,848
LIABILITIES
Accounts payable $3,275
Deposits payable 27,313
Due to other funds
Total Liabilities 30,588
FUND BALANCE (DEFICIT)
Fund balance (Deficit):
Restricted
Public safety programs 106,060 $329,645 $30,848
Street maintenance and construction
Health and welfare programs
Recycling programs
Capital improvement projects
Unassigned
Total Fund Balances (Deficits) 106,060 329,645 30,848
Total Liabilities and Fund Balances $136,648 $329,645 $30,848
110
Traffic Safety
$325,609
14,192
$339,801
$6,658
6,658
333,143
333,143
$339,801
Federal Asset
Seizure
$15,507
$15,507
$15,507
15,507
$15,507
Emergency
Medical
Services
$123,182
47,517
$170,699
$97,540
97,540
73,159
73,159
$170,699
Enforcement
Grants
$5,696
$5,696
$5,696
5,696
$5,696
Special Revenue Funds
State Gas Tax
$3,822,721
145,512
$3,968,233
$28,092
28,092
3,940,141
3,940,141
$3,968,233
111
SAFETEA-LU
MeasureB
Sales Tax
Local Streets
$498,012
68,494
$566,506
$566,506
566,506
$566,506
MeasureB
Sales Tax
Bike/Pedestrian
$234,153
26,398
$260,551
$99
99
$260,452
260,452
$260,551
(Continued)
ASSETS
Cash and investments
Accounts receivable
Prepaids
Total Assets
LIABILITIES
Accounts payable
Deposits payable
Due to other funds
Total Liabilities
FUND BALANCE (DEFICIT)
Fund balance (Deficit):
Restricted
Public safety programs
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUND
COMBINING BALANCE SHEET
JUNE 30, 2016
Special Revenue Funds
Measure BB
MeasureB Sales Tax
Grants Streets and Roads
$403,848
60,311
$464,159
$410,440
410,440
Street maintenance and construction $464,159
Health and welfare programs
Recycling programs
Capital improvement projects
Unassigned ~410,4402
Total Fund Balances (Deficits) {410,4402 464,159
Total Liabilities and Fund Balances $464,159
112
Measure BB Transportation
Sales Tax for Clean Air
Bike/Pedestrian (TFCA)
$140,902
21,134
$162,036
$28,938
28,938
$162,036
{28,9382
162,036 {28,9382
$162,036
Congestion
Management
Agency
$290,982
$290,982
$290,982
290,982
$290,982
Highway
Safety
Traffic
Reduction Bond
Special Revenue Funds
Federal
Transportation
(TIGER)
ACTC
Vehicle
Registration
Fee
$189,136
52,424
$241,560
$26,336
26,336
215,224
215,224
$241,560
113
IDA
$33,311
33,311
{33,311}
{33,311}
Garbage/
Recycling
$514,424
60,851
$575,275
$32,333
32,333
542,942
542,942
$575,275
(Continued)
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUND
COMBINING BALANCE SHEET
JUNE 30, 2016
Special Revenue Funds
ASSETS
Cash and investments
Accounts receivable
Prep aids
Total Assets
LIABILITIES
Accounts payable
Deposits payable
Due to other funds
Total Liabilities
FUND BALANCE (DEFICIT)
Fund balance (Deficit):
Restricted
Public safety programs
Street maintenance and construction
Health and welfare programs
Recycling programs
Capital improvement projects
Unassigned
Total Fund Balances (Deficits)
Total Liabilities and Fund Balances
A VI Economic Storm
Benefit/Business Water
Assistance Program Management Box Culvert
$140,176 $363,476
$140,176 $363,476
$840,857
840,857
$363,476
(700,681)
(700,681) 363,476
$140,176 $363,476
114
East Bay
Regional
Park District
Public Art
$3,415,152
$3,415,152
$3,415,152
3,415,152
$3,415,152
Miscellaneous
Special
Revenue
$544,232
33,961
$578,193
$95
3,036
3,131
575,062
575,062
$578,193
Community
Development
Block Grant
$35,008
$35,008
$6,359
28,649
35,008
$35,008
Special Revenue Funds
HCD
Housing Related
Parks Grant
$99,955
$99,955
$99,955
99,955
$99,955
115
1983-1
Street
Lighting
$168,902
9,981
$178,883
$9,997
9,997
168,886
168,886
$178,883
Maintenance Districts
1983-2
Stagecoach
Landscape
$119,104
18
$119,122
$6,737
6,737
112,385
112,385
$119,122
1986-1
Dougherty
Landscape
$220,857
712
$221,569
$2,665
2,665
218,904
218,904
$221,569
(Continued)
ASSETS
Cash and investments
Accounts receivable
Prepaids
Total Assets
LIABILITIES
Accounts payable
Deposits payable
Due to other funds
Total Liabilities
FUND BALANCE (DEFICIT)
Fund balance (Deficit):
Restricted
Public safety programs
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUND
COMBINING BALANCE SHEET
JUNE 30, 2016
Special Revenue Funds
Maintenance Districts
1997-1 1999-1
Santa Rita East Dublin
Landscape Street Lighting
$398,019 $568,818
617 1,378
$398,636 $570,196
$8,995 $2,253
8,995 2,253
Street maintenance and construction 389,641 567,943
Health and welfare programs
Recycling programs
Capital improvement projects
Unassigned
Total Fund Balances (Deficits) 389,641 567,943
Total Liabilities and Fund Balances $398,636 $570,196
116
Total
Non-Major
Governmental
Funds
$12,806,527
869,490
2,495
$13,678,512
$231,434
30,349
1,633,177
1,894,960
894,058
7,429,753
675,017
542,942
3,415,152
(1,173,370)
11,783,552
$13,678,512
This Page Left Intentionally Blank
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2016
Special Revenue Funds
Special Supplemental
Criminal Vehicle Law
Activity Abatement Enforcement
REVENUES
Property taxes
Taxes other than property
Intergovernmental $34,432 $114,619
Charges for service
Interest $903 2,792 387
Fines and forfeitures
Developer fees
Other revenue 6,836
Special assessments
Total Revenues 7,739 37,224 115,006
EXPENDITURES
Current:
General government
Police 1,020 100,000
Fire
Public works
Community development
Total Expenditures 1,020 100,000
REVENUES OVER
(UNDER) EXPENDITURES 6,719 37,224 15,006
OTHER FINANCING SOURCES (USES)
Transfer out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES 6,719 37,224 15,006
FUND BALANCES (DEFICITS):
Beginning of year 99,341 292,421 15,842
End of year $106,060 $329,645 $30,848
118
Traffic Safety
$2,907
174,855
177,762
130,203
130,203
47,559
(35,931)
(35,931)
11,628
321,515
$333,143
Federal Asset
Seizure
$356
356
134,573
134,573
(134,217)
(134,217)
149,724
$15,507
Emergency
Medical
Services
$184,502
737
177,093
362,332
342,152
342,152
20,180
20,180
52,979
$73,159
Enforcement
Grants
$3,690
53
3,743
3,640
3,640
103
103
5,593
$5,696
Special Revenue Funds
State Gas Tax
$1,220,165
33,347
140,247
1,393,759
166,462
416,810
583,272
810,487
{431,963}
(431,963}
378,524
3,561,617
$3,940, 141
119
Measure B Measure B
Sales Tax Sales Tax
SAFE TEA-LU Local Streets Bike/Pedestrian
$435,604 $167,885
$470,000
5,322 1,778
470,000 440,926 169,663
35,885
11,250
35,885 11,250
434,115 440,926 158,413
(65,604} {409,225} {30,000}
{65,604} {409,225} {30,000}
368,511 31,701 128,413
{368,511} 534,805 132,039
$566,506 $260,452
(Continued)
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2016
Special Revenue Funds
Measure BB Measure BB
MeasureB Sales Tax Sales Tax
Grants Streets and Roads Bike/Pedestrian
REVENUES
Property taxes
Taxes other than property $391,238 $137,094
Intergovernmental
Charges for service
Interest 772 590
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 392,010 137,684
EXPENDITURES
Current:
General government
Police
Fire
Public works
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 392,010 137,684
OTHER FINANCING SOURCES (USES)
Transfer out ($410,440)
Total Other Financing Sources (Uses) (410,440)
NET CHANGE IN FUND BALANCES (410,440) 392,010 137,684
FUND BALANCES (DEFICITS):
Beginning of year 72,149 24,352
Endofyear {$410,440} $464,159 $162,036
120
Transportation
for Clean Air
(TFCA)
$14,500
14,500
14,367
14,367
133
(29,071)
(29,071)
(28,938)
{$28,938}
Congestion
Management
Agency
Highway
Safety
Traffic
Reduction Bond
$4,327
4,327
(4,327)
(4,327)
4,327
Special Revenue Funds
Federal
Transportation
(TIGER)
$579
579
579
579
($5792
ACTC
Vehicle
Registration
Fee
$273,322
1,462
274,784
149,648
149,648
125,136
{84,1002
{84,1002
41,036
174,188
$215,224
121
TDA
{$33,3112
{33,3112
(33,311)
($33,3112
Garbage/
Recycling
$178,540
3,509,802
5,891
2,200
3,696,433
3,506,218
128,706
3,634,924
61,509
61,509
481,433
$542,942
(Continued)
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2016
Special Revenue Funds
A VI Economic Storm
Benefit/Business Water
Assistance Program Management Box Culvert
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $1,340 $3,283
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 1,340 3,283
EXPENDITURES
Current:
General government $38
Police
Fire
Public works 10,000
Community development
Total Expenditures 38 10,000
REVENUES OVER
(UNDER) EXPENDITURES (38) (8,660) 3,283
OTHER FINANCING SOURCES (USES)
Transfer out (892,066)
Total Other Financing Sources (Uses) (892,066)
NET CHANGE IN FUND BALANCES (38) (900,726) 3,283
FUND BALANCES (DEFICITS):
Beginning of year $38 200,045 360,193
End of year ~$700,6811 $363,476
122
East Bay
Regional
Park District
Public Art
$29,655
514,281
2,500
546,436
546,436
(122,478)
(122,478}
423,958
2,991,194
$3,415,152
Miscellaneous
Special
Revenue
$178,309
4,212
2,528
185,049
32,589
32,589
152,460
{13,217}
{13,217}
139,243
435,819
$575,062
Community
Development
Block Grant
$53,226
53,226
47,425
47,425
5,801
{5,801}
{5,801}
Special Revenue Funds
HCD
Housing Related
Parks Grant
$432,450
432,450
432,450
{332,495}
{332,495}
99,955
$99,955
123
1983-1
Street
Lighting
$952
292,272
293,224
312,796
312,796
(19,572)
(19,572)
188,458
$168,886
Maintenance Districts
1983-2
Stagecoach
Landscape
$832
86,208
87,040
56,261
56,261
30,779
30,779
81,606
$112,385
1986-1
Dougherty
Landscape
$1,591
141,753
143,344
76,012
76,012
67,332
67,332
151,572
$218,904
(Continued)
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2016
SEecial Revenue Funds
Maintenance Districts Total
1997-1 1999-1 Nonmajor
Santa Rita East Dublin Governmental
LandscaEe Street Lighting Funds
REVENUES
Property taxes
Taxes other than property $1,131,821
Intergovernmental 2,979,446
Charges for service 3,688,111
Interest $3,139 $4,790 107,091
Fines and forfeitures 174,855
Developer fees 516,809
Other revenue 152,362
Special assessments 364,752 297,136 1,359,214
Total Revenues 367,891 301,926 10,109,709
EXPENDITURES
Current:
General government 3,745,519
Police 239,233
Fire 342,152
Public works 278,989 160,779 1,745,821
Community development 47,425
Total Expenditures 278,989 160,779 6,120,150
REVENUES OVER
(UNDER) EXPENDITURES 88,902 141,147 3,989,559
OTHER FINANCING SOURCES (USES)
Transfer out {55,7162 {2,951,4182
Total Other Financing Sources (Uses) {55,7162 {2,951,4182
NET CHANGE IN FUND BALANCES 88,902 85,431 1,038,141
FUND BALANCES (DEFICITS):
Beginning of year 300,739 482,512 10,745,411
Endofyear $389,641 $567,943 $11,783,552
124
This Page Left Intentionally Blank
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
SPECIAL CRIMINAL ACTIVITY
Bud~eted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $417 $417 $903
Fines and forfeitures
Developer fees
Other revenue 6,836
Special assessments
Total Revenues 417 417 7,739
EXPENDITURES
Current:
General government
Police 3,980 3,980 1,020
Fire
Public works
Park and community services
Community development
Total Expenditures 3,980 3,980 1,020
REVENUES OVER
(UNDER) EXPENDITURES {3,5632 {3,5632 6,719
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES {$3,5632 {$3,5632 6,719
FUND BALANCE (DEFICITS):
Beginning ofyear 99,341
Endofyear $106,060
126
Variance
Positive
(Negative)
$486
6,836
7,322
2,960
2,960
10,282
$10,282
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
VEHICLE ABATEMENT
Bud~eted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $30,457 $30,457 $34,432
Charges for service
Interest 1,717 1,717 2,792
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 32,174 32,174 37,224
EXPENDITURES
Current:
General government
Police 822 822
Fire
Public works
Park and community services
Community development
Total Expenditures 822 822
REVENUES OVER
(UNDER) EXPENDITURES 31,352 31,352 37,224
OTHER FINANCING SOURCES (USES)
Transfers (out) {21,0002
Total Other Financing Sources (Uses) {21,0002
NET CHANGE IN FUND BALANCES $10,352 $31,352 37,224
FUND BALANCE (DEFICITS):
Beginning of year 292,421
Endofyear $329,645
127
Variance
Positive
(Negative)
$3,975
1,075
5,050
822
822
5,872
$5,872
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
SUPPLEMENTAL LAW ENFORCEMENT
Bud~eted Amounts
Original Final Actual
REVENUES
Property truces
Taxes other than property
Intergovernmental $100,000 $100,000 $114,619
Charges for service
Interest 167 167 387
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 100,167 100,167 115,006
EXPENDITURES
Current:
General government
Police 100,000 100,000 100,000
Fire
Public works
Park and community services
Community development
Total Expenditures 100,000 100,000 100,000
REVENUES OVER
(UNDER) EXPENDITURES 167 167 15,006
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $167 $167 15,006
FUND BALANCE (DEFICITS):
Beginning of year 15,842
Endofyear $30,848
128
Variance
Positive
(Negative)
$14,619
220
14,839
14,839
$14,839
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
TRAFFIC SAFETY
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $904 $904 $2,907
Fines and forfeitures 148,279 148,279 174,855
Developer fees
Other revenue
Special assessments
Total Revenues 149,183 149,183 177,762
EXPENDITURES
Current:
General government
Police
Fire
Public works 148,126 130,206 130,203
Park and community services
Community development
Total Expenditures 148,126 130,206 130,203
REVENUES OVER
(UNDER) EXPENDITURES 1,057 18,977 47,559
OTHER FINANCING SOURCES (USES)
Transfers (out) (66,489) (133,923) (35,931)
Total Other Financing Sources (Uses) (66,489) (133,923) (35,931)
NET CHANGE IN FUND BALANCES ($65,432) ($114,946) 11,628
FUND BALANCE (DEFICITS):
Beginning of year 321,515
End of year $333,143
129
Variance
Positive
(Negative)
$2,003
26,576
28,579
3
3
28,582
97,992
97,992
$126,574
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
FEDERAL ASSET SEIZURE
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $675 $675 $356
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 675 675 356
EXPENDITURES
Current:
General government
Police 136,654 134,573
Fire
Public works
Park and community services
Community development
Total Expenditures 136,654 134,573
REVENUES OVER
(UNDER) EXPENDITURES 675 (135,979) (134,217)
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $675 ($135,979) (134,217)
FUND BALANCE (DEFICITS):
Beginning of year 149,724
Endofyear $15,507
130
Variance
Positive
(Negative)
($319)
(319)
2,081
2,081
1,762
$1,762
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
EMERGENCY MEDICAL SERVICES
Bud~eted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $185,412 $185,412 $184,502
Charges for service
Interest 292 292 737
Fines and forfeitures
Developer fees
Other revenue
Special assessments 164,816 164,816 177,093
Total Revenues 350,520 350,520 362,332
EXPENDITURES
Current:
General government
Police
Fire 348,416 348,416 342,152
Public works
Park and community services
Community development
Total Expenditures 348,416 348,416 342,152
REVENUES OVER
(UNDER) EXPENDITURES 2,104 2,104 20,180
OTIIER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $2,104 $2,104 20,180
FUND BALANCE (DEFICITS):
Beginning of year 52,979
End of year $73,159
131
Variance
Positive
(Negative)
($910)
445
12,277
11,812
6,264
6,264
18,076
$18,076
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
ENFORCEMENT GRANT
Bud~eted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $3,639 $3,690
Charges for service
Interest $34 34 53
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 34 3,673 3,743
EXPENDITURES
Current:
General government
Police 3,639 3,640
Fire
Public works
Park and community services
Community development
Total Expenditures 3,639 3,640
REVENUES OVER
(UNDER) EXPENDITURES 34 34 103
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $34 $34 103
FUND BALANCE (DEFICITS):
Beginning of year 5,593
Endofyear $5,696
132
Variance
Positive
(Negative)
$51
19
70
(1)
(1)
69
$69
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
STATE GAS TAX
Bud8eted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $1,134,968 $1,134,968 $1,220,165
Charges for service
Interest 11,349 11,349 33,347
Fines and forfeitures
Developer fees
Other revenue 160,000 140,247
Special assessments
Total Revenues 1,146,317 1,306,317 1,393,759
EXPENDITURES
Current:
General government 234,870 166,462
Police
Fire
Public works 557,159 606,015 416,810
Park and community services
Community development
Total Expenditures 557,159 840,885 583,272
REVENUES OVER
(UNDER) EXPENDITURES 589,158 465,432 810,487
OTHER FINANCING SOURCES (USES)
Transfers (out) (624,954) (1,840,054) (431,963)
Total Other Financing Sources (Uses) (624,954) (1,840,054) (431,963)
NET CHANGE IN FUND BALANCES ($35,796) ($1,374,622) 378,524
FUND BALANCE (DEFICITS):
Beginning of year 3,561,617
End of year $3,940,141
133
Variance
Positive
(Negative)
$85,197
21,998
(19,753)
87,442
68,408
189,205
257,613
345,055
1,408,091
1,408,091
$1,753,146
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
SAFETEA-LU
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $470,000 $470,000 $470,000
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 470,000 470,000 470,000
EXPENDITURES
Current:
General government 35,885
Police
Fire
Public works
Park and community services
Community development
Total Expenditures 35,885
REVENUES OVER
(UNDER) EXPENDITURES 470,000 470,000 434,115
OTHER FINANCING SOURCES (USES)
Transfers (out) ($65,604) (65,604)
Total Other Financing Sources (Uses) (65,604) (65,604)
NET CHANGE IN FUND BALANCES $470,000 $404,396 368,511
FUND BALANCE (DEFICITS):
Beginning of year (368,511)
End ofyear
134
Variance
Positive
(Negative)
($35,885)
(35,885)
(35,885)
($35,885)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
MEASURE B SALES TAX STREETS AND ROADS
Variance
Bud8eted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property $709,994 $389,994 $435,604 $45,610
Intergovernmental
Charges for service
Interest 2,033 2,033 5,322 3,289
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 712,027 392,027 440,926 48,899
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 712,027 392,027 440,926 48,899
OTHER FINANCING SOURCES (USES)
Transfers (out) (565,893) (1,115,849) (409,225) 706,624
Total Other Financing Sources (Uses) (565,893) (1,115,849) (409,225) 706,624
NET CHANGE IN FUND BALANCES $146,134 ($723,822) 31,701 $755,523
FUND BALANCE (DEFICITS):
Beginning of year 534,805
End of year $566,506
135
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
MEASURE B SALES TAX BIKE/PEDESTRIAN
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property $240,001 $130,001 $167,885 $37,884
Intergovernmental
Charges for service
Interest 389 389 1,778 1,389
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 240,390 130,390 169,663 39,273
EXPENDITURES
Current:
General government
Police
Fire
Public works 17,962 22,062 11,250 10,812
Park and community services
Community development
Total Expenditures 17,962 22,062 11,250 10,812
REVENUES OVER
(UNDER) EXPENDITURES 222,428 108,328 158,413 50,085
OTIIER FINANCING SOURCES (USES)
Transfers (out) (30,000) (72,260) (30,000) 42,260
Total Other Financing Sources (Uses) (30,000) (72,260) (30,000) 42,260
NET CHANGE IN FUND BALANCES $192,428 $36,068 128,413 $92,345
FUND BALANCE (DEFICITS):
Beginning of year 132,039
End of year $260,452
136
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
MEASURE B GRANTS
Budj1ieted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $6,267,000
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 6,267,000
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 6,267,000
OTHER FINANCING SOURCES (USES)
Transfers (out) (6,267,000) ($410,440)
Total Other Financing Sources (Uses) (6,267,000) (410,440)
NET CHANGE IN FUND BALANCES (410,440)
FUND BALANCE (DEFICITS):
Beginning of year
Endofyear {$410,440~
137
Variance
Positive
(Negative)
($6,267,000)
(6,267,000)
(6,267,000)
5,856,560
5,856,560
($410,440)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
MEASURE BB SALES TAX STREETS AND ROADS
Variance
Bud~eted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property $320,000 $391,238 $71,238
Intergovernmental
Charges for service
Interest 707 772 65
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 320,707 392,010 71,303
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 320,707 392,010 71,303
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $320,707 392,010 $71,303
FUND BALANCE (DEFICITS):
Beginning of year 72,149
End of year $464,159
138
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
MEASURE BB SALES TAX BIKE/PEDESTRIAN
Variance
BudBeted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property $110,000 $137,094 $27,094
Intergovernmental
Charges for service
Interest 590 590
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 110,000 137,684 27,684
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 110,000 137,684 27,684
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $110,000 137,684 $27,684
FUND BALANCE (DEFICITS):
Beginning of year 24,352
Endofyear $162,036
139
CITY OF DUBLIN
BlJDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
TRANSPORTATION FOR CLEAN AIR {TFCA2
Variance
Bud!!;eted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $90,000 $14,500 ($75,500)
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 90,000 14,500 (75,500)
EXPENDITURES
Current:
General government
Police
Fire
Public works 14,367 14,367
Park and community services
Community development
Total Expenditures 14,367 14,367
REVENUES OVER
(UNDER) EXPENDITURES 75,633 133 (75,5002
OTHER FINANCING SOURCES (USES)
Transfers (out) (75,6332 (29,071) $46,562
Total Other Financing Sources (Uses) (75,6332 (29,0712 46,562
NET CHANGE IN FUND BALANCES (28,938) ($28,9382
FUND BALANCE (DEFICITS):
Beginning of year
Endofyear {$28,9382
140
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
CONGESTION MANAGEMENT AGENCY
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $621,513 $621,513
Charges for service
Interest
Fines and forfeitures-
Developer fees
Other revenue
Special assessments
Total Revenues 621,513 621,513
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 621,513 621,513
OTHER FINANCING SOURCES (USES)
Transfers (out) ($621,513)
Total Other Financing Sources (Uses) ~621,5132
NET CHANGE IN FUND BALANCES $621,513
FUND BALANCE (DEFICITS):
Beginning of year
Endofyear
141
Variance
Positive
(Negative)
($621,513)
(621,513)
(621,513)
$621,513
621,513
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE30, 2016
HIGHWAY SAFETY
TRAFFIC REDUCTION BOND
Bud8eted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $26 $26
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 26 26
EXPENDITURES
Current:
General government $4,327
Police
Fire
Public works
Park and community services
Community development
Total Expenditures 4,327
REVENUES OVER
(UNDER) EXPENDITURES 26 26 (4,327)
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $26 $26 (4,327)
FUND BALANCE (DEFICITS):
Beginning of year 4,327
End of year
142
Variance
Positive
(Negative)
($26)
(26)
(4,327)
(4,327)
(4,353)
($4,353)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUN"'E 30, 2016
FEDERAL TRANSPORTATION
(TIGER)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTIIBR FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE (DEFICITS):
Beginning of year
Endofyear
Budgeted Amounts
Original Final Actual
$579
579
579
579
($579)
143
Variance
Positive
(Negative)
$579
579
579
$579
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
ACTC VEHICLE REGISTRATION FEE
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $234,000 $234,000 $273,322
Charges for service
Interest 718 718 1,462
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 234,718 234,718 274,784
EXPENDITURES
Current:
General government
Police
Fire
Public works 149,959 149,959 149,648
Park and community services
Community development
Total Expenditures 149,959 149,959 149,648
REVENUES OVER
(UNDER) EXPENDITURES 84,759 84,759 125,136
OTHER FINANCING SOURCES (USES)
Transfers (out) (35,160) (243,520) (84,100)
Total Other Financing Sources (Uses) (35,160) (243,520) (84,100)
NET CHANGE IN FUND BALANCES $49,599 ($158,761) 41,036
FUND BALANCE (DEFICITS):
Beginning of year 174,188
End of year $215,224
144
Variance
Positive
(Negative)
$39,322
744
40,066
311
311
40,377
159,420
159,420
$199,797
REVENUES
Property truces
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
IDA
Bud~eted Amounts
Original Final
$148,311 $148,311
148,311 148,311
115,000 115,000
115,000 115;000
33,311 33,311
OTHER FINANCING SOURCES (USES)
Transfers (out) (33,311)
Total Other Financing Sources (Uses) (33,311)
NET CHANGE IN FUND BALANCES $33,311
FUND BALANCE (DEFICITS):
Beginning of year
End of year
145
Variance
Positive
Actual (Negative)
($148,311)
(148,311)
115,000
115,000
(33,311)
($33,311)
(33,311)
(33,311) ($33,311)
{$33,3112
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
GARBAGE/RECYCLING
Budl!ieted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $157,000 $243,000 $178,540
Charges for service 3,340,715 3,503,403 3,509,802
Interest 1,759 1,759 5,891
Fines and forfeitures
Developer fees
Other revenue 2,200
Special assessments
Total Revenues 3,499,474 3,748,162 3,696,433
EXPENDITURES
Current:
General government 3,344,889 3,508,702 3,506,218
Police
Fire
Public works 148,376 287,662 128,706
Park and community services
Community development
Total Expenditures 3,493,265 3,796,364 3,634,924
REVENUES OVER
(UNDER) EXPENDITURES 6,209 (48,202) 61,509
OTHER FINANCING SOURCES (USES)
Transfers (out) (86,000)
Total Other Financing Sources (Uses) (86,000)
NET CHANGE IN FUND BALANCES $6,209 ($134,202) 61,509
FUND BALANCE (DEFICITS):
Beginning of year 481,433
Endofyear $542,942
146
Variance
Positive
(Negative)
($64,460)
6,399
4,132
2,200
(51,729)
2,484
158,956
161,440
109,711
86,000
86,000
$195,711
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
A VI ECONOMIC BENEFIT/BUSINESS
ASSISTANCE PROGRAM
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE (DEFICITS):
Beginning of year
Endofyear
Budgeted Amounts
Original Final Actual
$38
38
(38)
(38)
$38
147
Variance
Positive
(Negative)
($38)
(38)
(38)
($38)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
STORM WATER MANAGEMENT
BudBeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $944,329
Charges for service
Interest $1,010 1,010 $1,340
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 1,010 945,339 1,340
EXPENDITURES
Current:
General government
Police
Fire
Public works 10,000 10,000 10,000
Park and community services
Community development
Total Expenditures 10,000 10,000 10,000
REVENUES OVER
(UNDER) EXPENDITURES (8,990) 935,339 (8,660)
OTHER FINANCING SOURCES (USES)
Transfers (out) (937,030) (892,066)
Total Other Financing Sources (Uses) (937,030) (892,066)
NET CHANGE IN FUND BALANCES ($8,990) ($1,691) (900,726)
FUND BALANCE (DEFICITS):
Beginning of year 200,045
Endofyear {$700,681~
148
Variance
Positive
(Negative)
($944,329)
330
(943,999)
(943,999)
44,964
44,964
($899,035)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
BOX CULVERT
Bud~eted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $2,160 $2,160 $3,283
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 2,160 2,160 3,283
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 2,160 2,160 3,283
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $2,160 $2,160 3,283
FUND BALANCE (DEFICITS):
Beginning of year 360,193
Endofyear $363,476
149
Variance
Positive
(Negative)
$1,123
1,123
1,123
$1,123
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
EAST BAY REGIONAL PARK DISTRICT
REVENUES
Property taxes
Taxes other than property ·
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE (DEFICITS):
Beginning of year
Endofyear
Budgeted Amounts
Original Final Actual
150
Variance
Positive
(Negative)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
PUBLIC ART
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $11,538 $11,538 $29,655
Fines and forfeitures
Developer fees 510,000 514,281
Other revenue 2,500
Special assessments
Total Revenues 11,538 521,538 546,436
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services 57,500 65,500
Community development
Total Expenditures 57,500 65,500
REVENUES OVER
(UNDER) EXPENDITURES {45,962} 456,038 546,436
OTHER FINANCING SOURCES (USES)
Transfers (out) {439,554} {432,391} {122,478}
Total Other Financing Sources (Uses) {439,554} {432,391} {122,478}
NET CHANGE IN FUND BALANCES {$485,516} $23,647 423,958
FUND BALANCE (DEFICITS):
Beginning of year 2,991,194
End of year $3,415,152
151
Variance
Positive
(Negative)
$18,117
4,281
2,500
24,898
65,500
65,500
90,398
309,913
309,913
$400,311
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers (out)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
MISCELLANEOUS SPECIAL REVENUE
Budgeted Amounts
Original Final Actual
$150,000 $150,000 $178,309
959 959 4,212
957 957 2,528
151 916 151,916 185,049
35,340 35,340 32,589
35 340 35 340 32,589
116 576 116 576 152 460
{41520002 {13,217)
Total Other Financing Sources (Uses) {41520002 {13,217)
NET CHANGE IN FUND BALANCES $116,576 {$298,424) 139,243
FUND BALANCE (DEFICITS):
Beginning of year 435 819
End of year $575,062
152
Variance
Positive
(Negative}
$28,309
3,253
1,571
33 133
2,751
2 751
35 884
401,783
401 783
$437,667
REVENUES
Property taxes
Truces other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers (out)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
COMMUNITY DEVELOPMENT BLOCK GRANT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$76,412 $76,412 $53,226 ($23,186)
76,412 76,412 532226 {232186}
69 812 72,709 47 425 252284
69,812 72 709 47 425 252284
6 600 3 703 5 801 2 098
{6 2600} {616002 {528012 799
Total Other Financing Sources (Uses) {626002 {626002 (5,8012 799
NET CHANGE IN FUND BALANCES {$2,8972 $2,897
FUND BALANCE (DEFICITS):
Beginning of year
End of year
153
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCJNG SOURCES (USES)
Transfers (out)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
HCD HOUSING RELATED PARKS GRANT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$599,025 $432,450 ($166,575)
599,025 432,450 (166,575)
599,025 432,450 (166,575)
(599,025) (332,495) 266,530
Total Other Financing Sources (Uses) (599,025) (332,495) 266,530
NET CHANGE JN FUND BALANCES 99,955 $99,955
FUND BALANCE (DEFICITS):
Beginning of year
End of year $99,955
154
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers (out)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
1983-1 STREET LIGHTING
MAINTENANCE DISTRICT
Budgeted Amounts
Original Final Actual
$1,152 $1,152 $952
2891108 289,108 292,272
290,260 290,260 293,224
305,698 317,242 312,796
305,698 317,242 312,796
(15,438) (26,982) (19,572)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES ($151438) ($26,982) (19,572)
FUND BALANCE (DEFICITS):
Beginning of year 1881458
Endofyear $168,886
155
Variance
Positive
(Negative)
($200)
3 164
2 964
4,446
4446
7 410
$7,410
REVENUES
Property taxes
Taxes other than property
futergovernmental
Charges for service
futerest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers (out)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
1983-2 STAGECOACH LANDSCAPE
MAINTENANCE DISTRICT
Budgeted Amounts
Original Final Actual
$346 $346 $832
87,398 87 398 86,208
87,744 87 744 87 040
81,107 81,887 56,261
81 107 81,887 56 261
6 637 5,857 30 779
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $6,637 $5,857 30,779
FUND BALANCE (DEFICITS):
Beginning of year 81,606
End of year $112,385
156
Variance
Positive
(Negative)
$486
(1,190)
(704)
25,626
25,626
24,922
$24,922
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers (out)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
1986-1 DOUGHERTY LANDSCAPE
MAINIENANCE DISTRICT
Budgeted Amounts
Original Final Actual
$700 $700 $1,591
139,350 139,350 141,753
140,050 140 050 143,344
133,940 134,720 76,012
133 940 134 720 76,012
6 110 5 330 67,332
Total Other Financing Sources (Uses)
NET CHANGE 1N FUND BALANCES $6,110 $5,330 67,332
FUND BALANCE (DEFICITS):
Beginning of year 1511572
End of year $218,904
157
Variance
Positive
(Negative)
$891
2,403
3 294
58,708
58,708
62,002
$62,002
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers (out)
CITY OF DUBLIN
BUDGETED-NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
1997-1 SANTA RITA LANDSCAPE
MAINTENANCE DISTRICT
Budseted Amounts
Orisinal Final Actual
$1,369 $1,369 $3,139
337,407 337,407 364 752
338 776 338,776 367 891
326,631 327,411 278,989
326,631 327,411 278,989
12,145 11365 88 902
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $12,145 $11,365 88,902
FUND BALANCE (DEFICITS):
Besinniflg of year 300,739
End of year $389,641
158
Variance
Positive
(Nesative)
$1,770
27 345
29115
48,422
48 422
77 537
$77,537
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers (out)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2016
1999-1 EAST DUBLIN STREET LIGHTING
MAINTENANCE DISTRICT
Budgeted Amounts
Original Final Actual
$2,433 $2,433 $4,790
268,585 268,585 297,136
271,018 271,018 301 1926
161,785 161,785 160,779
161,785 161 1785 160 779
109,233 109,233 141147
{35,884} (68,349} (551716}
Total Other Financing Sources (Uses) {35,884} (68 1349} (55,716}
NET CHANGE IN FUND BALANCES $73,349 $40,884 85,431
FUND BALANCE (DEFICITS):
Beginning of year 482,512
End of year $567,943
159
Variance
Positive
(Negative}
$2,357
28,551
30,908
1,006
1,006
31 914
12 633
12 633
$44,547
This Page Left Intentionally Blank
INTERNAL SERVICE FUND
Internal Service Funds are used to account for the financing of goods or services provided by one department or
agency to other departments or agencies of the City on a cost reimbursement basis. The City has established five
of these types of funds:
VEHICLE REPLACEMENT
This fund is an interest bearing Internal Service Fund established to finance necessary vehicle replacements.
BUILDING REPLACEMENT
This fund is an interest bearing Internal Service Fund established to finance future major building component
repair expenditures.
EQUIPMENT REPLACEMENT
This fund is an interest bearing Internal Service Fund established to finance necessary equipment
replacements.
RETIREE HEALTH CARE
This fund is an interest bearing Internal Service Fund established to account for the contribution made to the
California Employers' Retiree Benefit Trust Fund for future retiree health care benefits.
PERS SIDE FUND
This fund was established to account for the repayment to the general fund for the advance made in fiscal year
2007-2008 to pay CalPERS for the City's Side Fund obligation. The Side Fund was created in 2005 when
CalPERS assigned agencies with less than 100 participants to a risk sharing pool. The City elected to pre-pay
its obligation from the General Fund reserves and an internal service charge is made each year to repay the
reserve.
INFORMATION TECHNOLOGY FUND
Accounts for all informatjon and technology costs, including staffing.
ENERGY EFFICIENCY
This fund was established to account for the financing and construction of the Energy Efficiency Upgrade
Capital Project.
161
ASSETS
Current Assets:
Cash and investments
Prepaid items
Total current assets
Noncurrent Assets:
Land
Construction in progress
Building and improvements
Vehicles and equipment
Less: accumulated depreciation
Total non-current assets
Total Assets
LIABILITIES
Current Liabilities:
Accounts payable and accruals
Due to other funds
Capital lease
Total current liabilities
Noncurrent Liabilities:
Capital lease
Advances from other funds
Total non-current liabilities
Total Liabilities
NET POSITION (DEF1Cl1)
Net Investment in capital assets
Restricted
Unrestricted
Total Net Position
CITY OF DUBLIN
INIBRNAL SERVICE FUNDS
COMBINING STAIBMENTS OF NET POSITION
JUNE 30, 2016
Vehicle Building
Replacement Replacement
$3,068,913 $6,162,646
3,068,913 6,162,646
10,774,792
3,314,299
63,094,195
4,534,300
(2,987,674) (31,976,403)
1,546,626 45,206,883
4,615,539 51,369,529
1,546,626 45,206,883
3,068,913 6,162,646
~4,615,539 ~51,369,529
162
Equipment Retiree
Replacement Health Care
$3,567,127 $212,345
104,293
3,567,127 316,638
4,563
2,171,547
(1,186,605)
989,505
4,556,632 316,638
292,781
292,781
292,781
989,505
3,567,127 23,857
~4,556,632 ~23,857
PERS
Side Fund
$549,949
549,949
549,949
(549,949)
($549,949)
Information
Technology
$1,960,497
61,120
2,021,617
2,021,617
44,587
29,928
74,515
74,515
1,947,102
$1,947,102
Energy
Efficiency
$82,471
82,471
121,974
121,974
204,445
429,110
429,110
4,917,242
4,917,242
5,346,352
(5,224,378)
82,471
($5, 141.907)
163
Total
$15,053,999
165,413
15,219,412
10,774,792
3,440,836
63,094,195
6,705,847
(36,150,682)
47,864,988
63,084,400
337,368
29,928
429,110
796,406
4,917,242
549,949
5,467,191
6,263,597
42,518,636
14,302,167
$56,820,803
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2016
Vehicle Building Equipment
Replacement ReElacement ReElacement
OPERATING REVENUES
Charges for services $517,787 $288,084 $770,019
Interest
Other revenue 1,701
Total Operating Revenues 519,488 288,084 770,019
OPERATING EXPENSES
Supplies and services 196,392
OPEB expenses
Depreciation 427,582 2,128,928 107,526
Interest and fiscal charges
Total Operating Expenses 427,582 2,128,928 303,918
Operating Income (Loss) 91,906 (1,840,844) 466,101
NONOPERATING REVENUES (EXPENSES)
Interest income 26,563 53,960 29,762
Gain from sale of property 10,556 114
Total Nonoperating Revenues (Expenses) 37,119 53,960 29,876
Income (Loss) Before Transfers 129,025 (1, 786,884) 495,977
Capital contributions
Transfer in
Transfer (out)
Net transfers
Change in Net Position 129,025 (1, 786,884) 495,977
BEGINNING NET POSITION (DEFICIT) 4,486,514 53,156,413 4,060,655
ENDING NET POSITION (DEFICIT) $4,615,539 $51,369,529 $4,556,632
164
Retiree
HealthCare
$1,347,145
489,338
1,836,483
1,838,833
1,838,833
~2,350)
(2,350)
(2,350)
26,207
$23,857
PERS Information Energy
Side Fund Technology Efficiency Total
$368,056 $1,152,862 $550,654 $4,994,607
760 760
8,686 499,725
368,056 1,152,862 560,100 5,495,092
1,205,760 1,402,152
1,838,833
2,664,036
147,195 147,195
1,205,760 147,195 6,052,216
368,056 (52,898) 412,905 (557,124)
110,285
10,670
120,955
368,056 (52,898) 412,905 (436,169)
113,288 113,288
2,000,000 2,000,000
{8,6862 {8,6862
2,000,000 104,602 2,104,602
368,056 1,947,102 517,507 1,668,433
(918,0052 {5,659,4142 55,152,370
($549,949) $1,947,102 ($5,141,9072 $56,820,803
165
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2016
Vehicle Building
Replacement Replacement
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from other funds $517,787 $327,587
Payments to suppliers and service providers (31,036) (27,976)
Interest
Other revenues I 701
Cash Flows from (used for) Operating Activities 488,452 299,611
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Payments from other funds
Payments to other funds
Cash Flows (used for) Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Purchase of capital assets (174,711)
Interest paid on capital lease
Capital lease repayment
Sales of capital assets 10,556
Cash Flows from Capital and Related
Financing Activities {164,1552
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 26563 53 960
Cash Flows from Investing Activities 26 563 53 960
Net Cash Flows 3502860 353 572
Cash and investments at beginning of year 227182053 528092074
Cash and investments at end of year $3,068,913 $6,1622646
Reconciliation of operating income (loss) to net cash flows
from operating activities:
Operating income (loss) $91,906 ($1,840,844)
Adjustments to reconcile operating income (loss)
to net cash flows from operating activities:
Depreciation 427,582 2,128,928
Interest and fiscal charges
Change in assets and liabilities:
Accounts receivable
Prepaid expenses 39,503
Accounts payable and accruals {3120362 {2729762
Cash Flows from Operating Activities $488,452 $299,611
NON-CASH TRANSACTIONS
Capital Contributions
166
Equipment Retiree
Replacement HealthCare
$770,081 $1,514,610
(196,595) (1,930, 140)
489 338
573,486 73 808
13 387
13,387
29,762
29,762
616,635 73,808
229502492 138,537
$3,567,127 $212,345
$466,101 ($2,350)
107,526
62 167,465
(104,293)
{2032 12 986
$573,486 $73,808
PERS Information
Side Fund Technology
$368,056 $1,152,862
(1,222,293)
368 056 (691431)
2,029,928
(3681056)
(368,056) 21029,928
1,960,497
$1,960,497
$368,056 ($52,898)
(61,120)
44587
$368,056 ($69,431)
Energy
Efficiency
$550,654
760
8 686
560 100
(81686)
(8z686)
(8,686)
(147,195)
(403,459)
(559,340)
{7,926)
90,397
$82,471
$412,905
147,195
$560,100
$113,288
Total
$5,201,637
(3,408,040)
760
499 725
2,2941082
2,029,928
(3761742)
1,653,186
(183,396)
(147,195)
(403,459)
23,943
(7101107)
110,285
110 285
3 347 446
11 27061553
$152053,999
($557,124)
2,664,036
147,195
167,527
(125,910)
(1 1642)
$2,294,082
$113,288
167
This Page Left Intentionally Blank
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.
DUBLIN BOULEY ARD EXTENSION ASSESSMENT DISTRICT
To account for the special assessment established to fund the improvements to Dublin Boulevard.
ASSOCIATED COMMUNITY ACTION PROGRAM
This fund was established for the City to act as the fiscal agent to collect and account for the contributions
received from twelve cities in Alameda County and to coordinate administrative service for the closing of the
ACAP, a Joint Powers Agency, in social services related programs serving Alameda County communities.
GEOLOGIC HAZARD ABATEMENT DISTRICTS
Two districts were formed under provisions in the California Public Resource Code, which establishes in
section 25670 that a District is a political subdivision of the State and is not an agency or instrumentality of a
local agency. The City acts as a trustee of the funds collected and may contractually provide or arrange for
services paid for by the District. Fiscal Year 2008-2009 was the first year that tax roll assessments were levied
by the Districts.
Fallon Village Geologic Hazard Abatement District
This assessment district was established in 2007, in accordance with a condition of approval for the
Fallon Village development project. The District was formed to provide a mechanism for ongoing
maintenance of open space areas within the development. The boundary of this assessment district
encompasses approximately 175 acres ofland, located generally east of Fallon Road.
Schaefer Ranch Geologic Hazardous Abatement District
This assessment district was established in 2006, in accordance with a condition of approval for the
Fallon Village development project. The District was formed to provide a mechanism for ongoing
maintenance of open space areas within the development. The boundary of this assessment district
encompasses approximately 500 acres of land, located at the westerly boundary of the City limits north of
Interstate 580, and south of the unincorporated area of Alameda County.
Fallon Village Annex/Jordan Ranch Geologic Hazard Abatement District
This assessment district was established to account for the maintenance of open space areas within the
Jordan Ranch development. On May 3, 2011 the City Council approved Resolution No. 52-11 which
modified the boundaries of the Fallon Village District. The Jordan Ranch property was annexed into the
Fallon Village Geologic Hazard Abatement District subject to a separate Engineers report.
Fallon Crossing (North Tassajara) Geologic Hazard Abatement District
This assessment district was established to account for the maintenance of open space areas in accordance
with a condition of approval for the Fallon Crossings development project. The boundary of the District
encompasses 68 acres of land located on the northeast side of Tassajara Road, about 2 '14 miles north of
Interstate Highway 580, Tassajara Road and Moller Creek, a tributary of Tassajara Creek, border the
western and northeastern limits of the site.
169
CITY OF DUBLIN
AGENCY FUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2016
Balance Balance
June 30, 2015 Additions Deductions June 30, 2016
Dublin Boulevard Extension Assessment District
Assets
Cash and investments $8,503 $3,163 $3,076 $8,590
$8,503 $3,163 $3,076 $8,590
Liabilities
Due to bondholders $8,503 $3,163 $3,076 $8,590
$8,503 $3,163 $3,076 $8,590
Associated Communi!l Action Pro~am
Assets
Cash and investments $64,891 $330 $25,785 $39,436
$64,891 $330 $25,785 $39,436
Liabilities
Accounts payable $948 $330 $1,278
Due to trustee 63,943 24,507 $39,436
$64,891 $330 $25,785 $39,436
Fallon Village
Geolo~c Hazardous Abatement District
Assets
Cash and investments $1,787,287 $855,600 $96,112 $2,546,775
Accounts receivable 4,212 3,995 4,212 3,995
$1,791,499 $859,595 $100,324 $2,550,770
Liabilities
Accounts Payable $75 $4,625 $4,700
Due to trustee 1,791,424 854,970 $100,324 2,546,070
$1,791,499 $859,595 $100,324 $2,550,770
170
CITY OF DUBLIN
AGENCY FUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2016 (Continued)
Balance Balance
June 30, 2015 Additions Deductions June 30, 2016
Schaefer Ranch Geologic Hazardous Abatement District
Assets
Cash and investments $1,849,042 $685,758 $76,105 $2,458,695
Accounts receivable 1,961 5,057 1,961 5,057
$1,851,003 $690,815 $78,066 $2,463,752
Liabilities
Accounts Payable $1,330 $1,330
Due to trustee $1,851,003 689,485 $78,066 2,462,422
$1,851,003 $690,815 $78,066 $2,463,752
Fallon Village Annex/Jordan Ranch
Geologic Hazardous Abatement District
Assets
Due from trustee $433 $5,009 $2,721 $2,721
$433 $5,009 $2,721 $2,721
Liabilities
Due to City $433 $2,288 $2,721
Due to trustee 2,721 $2,721
$433 $5,009 $2,721 2,721
Fallon Crossing (North Tassajara)
Geologic Hazardous Abatement District
Assets.
Cash and investments $141,368 $120,179 $23,829 $237,718
Accounts receivable 2,179 1,855 2,179 1,855
$143,547 $122,034 $26,008 $239,573
Liabilities
Accounts Payable $11,943 $11,611 $332
Due to trustee $143,547 110,091 14,397 239,241
$143,547 $122,034 $14,397 $239,573
171
Totals -All Agency Funds
Assets
Cash and investments
Accounts receivable
Due from trustee
Liabilities
Accounts payable
Due to City
Due to trustee
Due to bondholders
CITY OF DUBLIN
AGENCY FUNDS
STAIBMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2016{Continued)
Balance
June 30, 2015 Additions Deductions
$3,851,091 $1,665,030 $224,907
8,352 10,907 8,352
433 5,009 2,721
$3,859,876 $1,680,946 $235,980
$1,023 $18,228 $12,889
433 5,009
3,849,917 1,654,546 220,015
8,503 3,163 3,076
$3,859,876 $1,680,946 $235,980
172
Balance
June 30, 2016
$5,291,214
10,907
2,721
$5,304,842
$6,362
5,442
5,284,448
8,590
$5,304,842
STATISTICAL SECTION
This part of the City's Comprehensive Annual Financial Report presents detailed information as a context for
understanding what the information in the financial statements, note disclosures, and required supplementary
information says about the City's overall financial health. In contrast to the financial section, the statistical section
information is not subject to independent audit.
Financial Trends
These schedules contain trend information to help the reader understand how the City's financial performance and
well being have changed over time:
1. Net Position by Component
2. Changes in Net Position
3. Fund Balances of Governmental Funds
4. Changes in Fund Balance of Governmental Funds
Revenue Capacity
These schedules contain information to help the reader assess the City's most significant local revenue source, the
property tax:
1. Assessed Value and Estimated Actuarial of Taxable Property
2. Direct and Overlapping Property Tax Rates
3. Principal Property Taxpayers
4. Property Tax Levies and Collections
Debt Capacity
These schedules present information to help the reader assess the affordability of the City's current levels of
outstanding debt and the City's ability to issue additional debt in the future:
1. Ratio of Outstanding Debt by Type
2. Direct and Overlapping Debt
3. Legal Debt Margin Information
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment within
which the City's financial activities take place:
1. Demographic and Economic Statistics
2. Property Value, Construction and Bank Deposits
3. Principal Employers
Operating Information
These schedules contain service and infrastructure data to help the reader understand how the information in the
City's financial report relates to the services the City provides and the activities it performs:
1. Full-Time Equivalent City and Contract Government Employees by Function
2. Operating Indicators by Function
3. Capital Asset Statistics by Function
4. Top 25 Sales Tax Producers
5. Miscellaneous Statistical Data
Sources
Unless otherwise noted, the information in these schedules is derived from the Comprehensive Annual Financial
Reports for the relevant year.
173
City of Dublin
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
Primary government:
Governmental activities:
Net investment in
capital assets
Restricted
Unrestricted
Total primary government
2007 2008
$ 399,631,407 $ 411,619,671
45,647,928 48,572,719
61,789,687 68,456,077
$ 507,069,022 $ 528,648,467
Data Source: City of Dublin Administrative Services Department
2009 2010
$ 423,474,384 $ 436,857,107
36,906,687 25,004,384
66,597,197 70,203,471
$ 526,978,268 $ 532,064,962
Note: The Oty adjusted certain beginning balances during fiscal year 2014-2015. Financial data shown for proceerung years were
not adjusted for the presentation.
174
2011
$ 433,779,703
21,453,867
76,303,907
$ 531,537,477
2012 2013 2014 2015 2016
$ 433,548,888 $ 432,722,323 $ 445,529,366 $ 444,832,546 $ 460,963,292
36,714,724 52,548,095 60,808,540 74,738,217 97,592,438
86,063,259 99,084,771 97,918,858 107,176,361 111,725,077
$ 556,326,871 $ 584,355,189 $ 604,256,764 $ 626,747,124 $ 670,280,807
175
City of Dublin
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
Expenses:
Governmental activities:
General government
Police
Fire
Public works
Parks and community service
Economic development
Public safety
Highways and streets
Health and welfare
Culture and leisure services
Community development
Total governmental activities
Program revenues:
Governmental activities:
Charges for services:
General government
Police
Fire
Public works
Parks and community service
Economic development
Public safety
Highways and streets
Health and welfare
Culture and leisure services
Community development
Operating grants and contributions
Capital grants and contributions
Total governmental activities
Net revenues (expenses):
General revenues and other changes in net assets:
Governmental activities:
Taxes:
Property taxes
Special assessment taxes
Sales tax
Other taxes
Motor vehicle tax, unrestricted
Investment income, unrestricted
Other general revenues
Total governmental activities
Changes in net assets
2007
$ 8,866,758
22,306,240
17,182,208
1,816,800
14,080,040
11,157,417
75,409,463
208,247
2,284,955
745,727
2,483,619
1,508,752
9,432,854
2,813,079
25,973,730
45,450,963
$ (29,958,500)
20,266,216
14,025,869
3,508,587
261,276
4,053,187
1,109,734
43,224,869
$ 13,266,369
Data Source: City of Dublin Administrative Services Department
2008 2009 2010 2011
$ 7,790,286 $ 8,721,545 $ 8,396,199 $ 9,322,322
23,282,634 23,880,635 23,797,696 24,413,496
20,196,496 20,368,655 15,969,371 10,142,946
1,689,353 1,869,428 3,615,077 12,749,042
12,200,759 11,563,136 10,757,355 9,304,429
8,276,993 7,175,272 5,112,469 5,482,552
73,436,521 73,578,671 67,648,167 71,414,787
216,334 215,711 219,386 225,109
1,301,328 1,545,935 1,600,890 1,821,404
13,794 598,542 8,078,369 450,937
3,301,877 3,050,719 2,798,092 2,874,952
1,722,627 1,719,501 2,101,867 2,214,407
5,599,417 4,720,221 3,775,102 5,546,417
2,747,497 2,245,945 2,229,043 2,220,247
37,393,930 14,599,068 12,254,443 15,745,614
52,296,804 28,695,642 33,057,192 31,099,087
$ (21,139,717) $ (44,883,029) $ (34,590,975) $ (40,315,700)
22,229,039 23,311,587 22,287,783 21,918,484
14,225,661 12,832,417 12,183,267 12,969,119
3,504,501 2,180,846 3,201,219 3,798,515
197,245 160,242 141,221 250,974
4,399,908 4,266,601 758,016 536,047
1,202,074 461,137 1,106,163 1,079,419
45,758,428 43,212,830 39,677,669 40,552,558
$ 24,618,711 $ (1,670,199) $ 5,086,694 $ 236,858
176
2012 2013 2014 2015 2016
$ 10,116,219 $ 10,265,476 $ 17,665,221 $ 10,774,480 $ 19,280,680
15,325,113 18,316,420
12,198,769 14,725,476
15,336,225 13,883,008
12,149,716 14,625,459
679,313 555,564
26,781,283 26,846,045 27,770,111
6,709,217 7,241,263 4,305,390
146,204 3,753,875 4,057,796
9,804,128 10,772,868 9,018,161
6,089,415 9,979,877 9,169,788 5,713,196 11,410,946
59,646,466 68,859,404 71,986,467 72,176,812 92,797,553
140,418 142,353 153,544 5,777,971 5,209,378
399,802 362,054
1,746,581 1,633,056
2,978,235 2,698,767
3,009,383 2,931,553
1,061,352 2,482,060 2,164,085
738,662 470,063 484,801
3,063,223 3,422,782 3,631,344
1,909,812 2,463,146 2,753,911
9,051,970 9,540,241 10,393,367 7,657,467 13,217,027
1,008,318 1,135,050 1,674,815 955,677 1,629,137
23,668,070 28,689,753 20,914,994 21,931,981 38,433,119
40,641,825 48,345,448 42,170,861 44,457,097 66,114,091
$ (19,004,641) $ (20,513,956) $ (29,815,606) $ (27,719,715) $ (26,683,462)
22,246,360 23,590,102 25,286,308 29,437,951 33,598,601
1,264,204 1,359,212
14,996,932 15,359,340 17,833,314 19,211,823 22,070,647
4,295,675 5,054,257 5,427,627 6,159,654 6,606,016
865,719 (399,590) 853,147 550,272 2,937,999
1,389,349 4,938,165 316,785 3,163,387 3,644,670
43,794,035 48,542,274 49,717,181 59,787,291 70,217,145
$ 24,789,394 $ 28,028,318 $ 19,901,575 $ 32,067,576 $ 43,533,683
177
City of Dublin
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
General Fund
Reserved
Unreserved, designated for:
Advance to TVTD W. BART station contribution
Affordable Housing
Authorized expenditures
Capital improvements
Cash Flow & Operation Stability
Catastrophic Loss & Business Recovery
Capital Improvements Projects Carryover
Compensated Absences
Economic Uncertainty
Emergency Communication System
Fire Retiree Medical
Innovation & New Opportunities
Investment Market Value Adjustment
Operation Carryover
Service Continuity Obligation
Unreserved, undesignated
Non-Spendable
Restricted
Committed
Assigned
Unassigned
$
2007 2008
5,741,942 $ 5,623,014·
1,000,000 1,000,000
44,328,550 42,181,292
4,258,539 8,884,334
744,041
2,970,722 2,970,722.
500,000
1,508,906
2009 2010 2011
$ 5,343,610 $ 5,922,446 $
1,000,000
1,000,000 1,000,000
34,474,209 3,960
11,049,175 7,394,088
8,860,000
8,420,000
203,507
791,582 802,311
5,868,847 5,868,847
210,000 1,000,000
750,000 4,500,000
13,000,000
2,334,061 1,516,569
301,874 171,100
1,350,000
4,096,768
27,893,755
17,407,053
14,745,685
Total general fund $ 58,299,753 $ 63,412,309 $ 62,123,358 $ 61,012,828 $ 64,143,261
All Other Governmental Funds
Reserved
Unreserved, designated, reported in:
Special revenue funds
Capital projects funds
Undesignated
Non-Spendable
Restricted
Committed
Assigned
Unassigned
$ 43,485,046 $ 50,789,419
(1,791,762) (1,837,021)
$ 34,570,414 $ 25,004,384 $
(1,841,336) (3,168,929)
21,453,867
(1,735,988)
Total all other governmental funds $ 41,693,284 $ 48,952,398 $ 32,729,078 $ 21,835,455 $ 19,717,879
Total All Governmental Funds $ 99,993,037 $112,364,707 $ 94,852,436 $ 82,848,283 $ 83,861,140
Data Source: City of Dublin Administrative Services Department
Note: All Other Governmental Funds includes the City's Major and Non Major Capital Project and Special Revenue Funds,
excluding the General Fund.
In FY2011 the City implemented GASB No. 54 -the new Fund Balance Reporting and Governmental Fund Type Definitions.
This Statement establishes the definitions for new categories for reporting fund balance and revises the definitions for
governmental fund types. As a result five new components of fund balance were established:
Non-Spendable, Restricted, Committed, Assigned, and Unassigned. Prior to FY2011, the Fund Balances were reported as Reserved
and Unreserved Fund Balances. Post FY2010, the Reserved Fund Balances were further categorized as Non-Spendable, Restricted and
Committed and the Unreserved Fund Balances were classified as Assigned and Unassigned.
178
2012 2013 2014 2015 2016
$ $ $ $ $
3,433,886 2,836,130 2,465,678 1,475,691 729,883
500,000 500,000 500,000 579,000
24,176,650 36,020,171 34,124,267 38,531,179 38,928,755
22,080,677 23,912,896 29,259,333 35,875,264 39,078,695
15,072,535 14,047,932 13,228,484 21,324,360 29,867,693
$ 64,763,748 $ 77,317,129 $ 79,577,762 $ 97,706,494 $ 109,184,026
$ $ $ $ $
38,073,638 53,646,702 61,710,448 75,646,848 84,453,929
(1,358,914)
$ 36,714,724
$ 101,478,472
(1,098,607)
$ 52,548,095
$ 129,865,224
(923,409)
$ 60,787,039
$ 140,364,801
21,743
(930,131)
$ 74,738,460
$ 172,444,954
13,138,509
$ 97,592,438
$ 206,776,464
179
City of Dublin
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
2007 2008 2009 2010 2011
Revenues:
Property taxes $20,266,213 $22,229,039 $23,306,302 $22,286,209 $22,067,074
Taxes other than property 17,967,499 18,188,593 15,436,466 15,783,099 17,210,947
Intergovernmental 2,845,936 3,431,314 2,393,153 7,951,237 3,946,271
Licenses and permits 2,572,069 1,784,644 1,623,029 2,260,364 2,752,748
Charges for services 9,476,984 8,101,935 7,759,628 7,100,403 8,743,460
Investment income 5,840,949 6,101,736 5,597,303 1,475,308 952,819
Use of property 203,240 335,151 989,081 1,491,413 978,642
Fines and forfeitures 342,098 360,496 318,737 312,778 303,595
Developer fees 8,618,271 18,226,041 1,875,841 4,387,339 9,390,001
Special assessments 716,144 797,520 826,717 868,348 904,739
Other revenues 960,534 2,497,249 3,312,774 1,778,477 4,135,091
Total revenues 69,809,937 82,053,718 63,439,031 65,694,975 71,385,387
Expenditures
Current:
General government 5,619,088 5,590,247 6,047,115 8,957,744 7,935,407
Police
Fire
Public works
Parks and community service
Economic development
Public safety 22,148,312 23,629,954 23,951,223 24,241,160 24,546,456
Highways and streets 2,726,599 2,719,532 3,168,513 2,985,311 3,030,540
Health and welfare 1,626,197 1,706,918 1,888,631 3,653,297 12,775,536
Culture and leisure services 6,874,596 7,207,896 7,621,663 7,267,805 7,223,808
Community development 8,173,711 8,335,105 7,364,651 5,300,211 5,609,603
Capital outlay:
General 377,026 411,293 4,221,956 742,754 599,965
Health and welfare 75,526
Community improvements 95,672 218,058 68,236 82,333 328,418
Culture and leisure
Parks 10,711,807 8,820,229 9,409,692 10,706,350 3,809,723
Streets 5,532,110 11,042,816 13,742,919 13,762,167 4,513,072
Debt service:
Principal
Total expenditures 63,960,644 69,682,048 77,484,599 77,699,132 70,372,528
Excess (deficiency ofrevenues over (under)
expenditures 5,849,293 12,371,670 (14,045,568) (12,004,157) 1,012,859
Other financing sources (uses):
Transfers in 90,399 77,528 26,232 25,777,410 9,163,360
Transfers out (90,399) (77,528) (26,232) (25,777,410) (9,163,360)
Total other financing
sources (uses)
Net change in fund balances $ 5,849,293 $ 12,371,670 $ (14,045,568) $ (12,004,157) $ 1,012,859
Debt service as a percentage of
noncapital expenditures 0.0% 0.0% 0.0% 0.0% 0.0%
Data Source: City of Dublin Administrative Services Department
180
2012 2013 2014 2015 2016
$22,398,847 $23,742,336 $25,448,254 $29,437,951 $33,598,601
19,761,015 20,915,025 23,769,133 25,371,476 28,676,662
3,962,572 4,534,748 2,574,159 3,245,822 3,303,521
4,501,736 5,224,932 5,944,985 6,025,685 6,139,420
10,331,501 11,979,079 12,326,848 13,737,934 13,846,381
1,068,138 (185,467) 1,101,634 1,071,936 3,689,940
659,857 580,507 1,591,784 2,352,810 6,751,864
284,993 326,027 323,601 320,629 290,871
15,965,329 19,545,692 15,757,068 18,578,172 37,240,622
944,455 980,775 1,025,239 1,264,201 1,359,214
4,509,762 9,134,201 2,712,998 3,473,012 1,323,855
84,388,205 96,777,855 92,575,703 104,879,628 136,220,951
7,001,850 7,600,102 8,411,507 10,663,140 20,110,958
15,697,432 17,886,990
11,930,245 12,265,614
8,481,686 8,616,323
9,731,003 10,791,185
808,272 604,777
26,298,962 26,643,549 27,381,497
2,768,068 3,096,498 3,042,476
4,422,468 4,149,599 4,379,634
8,248,229 8,919,816 9,349,729
7,362,732 8,586,129 9,102,734 6,059,180 11,348,674
6,641,674 8,866,096 13,316,472 1,241,494 666,478
213,777 81,234 21,497 68,190 117,104
996,669 2,324,586 9,451,657 4,742,328 23,469,847
2,959,555 4,946,527 2,403,926 3,568,142 3,652,808
66,913,984 75,214,136 86,861,129 72,991,112 109,530,758
17,474,221 21,563;719 5,714,574 31,888,516 26,690,193
10,898,009 16,338,838 25,192,268 9,625,456 27,912,037
(10,754,898) (9,515,805) (20,385,523) (9,455,561) (29,903,351)
143,111 6,823,033 4,806,745 169,895 (1,991,314)
$ 17,617,332 $ 28,386,752 $ 10,521,319 $ 32,058,411 $ 24,698,879
0.0% 0.0% 0.0% 0.0% 0.0%
181
Fiscal
Year
Ended Residential
June30 Prol!erty
2007 $ 5,345,937,692 $
2008 5,870,526,565
2009 6,203,330,781
2010 5,868,488,395
2011 5,967 ,980,343
2012 6, 114,540,497
2013 6,378,930,469
2014 7,135,260,308
2015 8,431,051, 125
2016 9,662,162,719
CITY OF DUBLIN. CALIFORNIA
Assessed Value of Taxable Property
Last Ten Fiscal Years
Real Prol!erty
Commercial Industrial Unsecured/
Prol!er!I Prol!er!I Other Prol!er!I
1,068,813,294 $ 161,909,866 $ 873,737,282 $
1,112,837,055 171,673,012 1,072,734,321
1,241,301,664 198,082,746 1,032,449,487
1,326,481,267 212,939,326 983,426,713
1,285,382,821 209,573,141 843,686,092
1,263,207,583 246,434,460 859,683,607
1,330,147,064 245,481,519 948,525,966
1,336,760,537 246,334,563 1,035,990,618
1,391,578,857 274,410,187 1,138,571,747
1,481,865,501 277,588,684 1,261,568,728
Less:
Exeml!tions
(28,084,978)
-78,188,899
-36,478,516
-49,873,361
-115,875,189
-120,225,737
-112,296,063
-172,869,596
~ 185,639,690
-152,705,687
Source: HDL Coren & Cone and Alameda County Assessor Combined Tax Rolls, 2005/06 through 2014/15
Note: Actual property value data not available in California.
Net Taxable
Assessed
Value
$ 7,422,313,156
8,149,582,054
8,638,686,162
8,341,462,340
8,190,747,208
8,363,640,410
8, 790, 788,955
9,581,476,430
11,049,972,226
12,530,479,945
( 1) California cities do not set their own direct tax rate. The state constitution establishes the rate at 1 % and allocates a portion
of that amount by an annual calculation, to all the taxing entities within a tax rate area.
City Wide Avg.
Total Direct Tax Rate
0.2387%
0.2385%
0.2385%
0.2386%
0.2386%
0.2386%
0.2380%
0.2373%
0.2367%
0.2365%
(2) The City-wide Direct Tax Rate is an average, the actual tax rate for each property varies according to its tax rate area. This average tax
rate is net of State Shifts of local property tax revenue to Education and net of Admin fees.
182
This Page Left Intentionally Blank
Fiscal
Year
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
Source:
CITY OF DUBLIN. CALIFORNIA
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
(Rate per $100 of assessed value)
City Direct Rates Overla}!l!ing Rates (1}
Castro Valley Chabot-Las Positas
Basic Total Bay Area Unified Community
Levy Direct Ra}!id Transit School Bonds College Boards
l.00000 0.23870 0.00500 0.08110 0.01590
l.00000 0.23850 0.00760 0.09720 0.01640
l.00000 0.23850 0.00900 0.09690 0.01830
l.00000 0.23860 0.00570 0.10230 0.01950
l.00000 0.23860 0.00310 0.10040 0.02110
l.00000 0.23860 0.00410 0.09890 0.02140
l.00000 0.23796 0.00430 0.09240 0.02190
l.00000 0.23730 0.00750 0.08510 0.02140
l.00000 0.00237 0.00450 0.08520 0.02170
l.00000 0.00237 0.00260 0.00000 0.01980
Dublin
Unified
Bonds lA& B
0.08850
0.08500
0.07320
0.08160
0.10110
0.09700
0.09930
0.11470
0.10770
0.07670
HDL Coren & Cone and Alameda County Assessor Combined T!QC Rolls, 2006/07 through 2015/16
(1) Overlapping rates are those oflocal and county governments that apply to property owners within the City.
Not all overlapping rates apply to all city property owners. These are voter approved levies in addition to
the 1 % State levy.
(2) The City's share of the 1 % Levy is based on the City's share of the general fund tax rate area with the largest
net taxable value within the City.
184
East Bay Flood Zone 7 Livermore Valley Total City's Share
Regional State Water Joint Unified Direct & Overlapping of 1 % Levy per
Park Bonds School Board Tax Rate Proposition 13
0.00850 0.01510 0.06920 1.28330 0.2818
0.00800 0.01500 0.06260 1.29180 0.2818
0.01000 0.01690 0.06160 1.28590 0.2818
0.01080 0.02030 0.06740 1.30760 0.2818
0.00840 0.02500 0.06350 1.32260 0.2818
0.00710 0.03070 0.06270 1.32190 0.2818
0.00510 0.02280 0.06070 1.30650 0.2818
0.00780 0.02570 0.05960 1.32180 0.2818
0.00850 0.02500 0.04970 1.30230 0.2817
0.00670 0.03430 0.00000 1.14010 0.2819
185
Tax~al'.er
Development Solutions WR LLC $
Trust NOIP Dublin LP
Ross Dress for Less, Inc.
Avalon Dublin Station II LP
4800 Tassajara Road Apts Invest LLC
Lennar Homes California Inc
Wei and Liu 2011 Trust
Dublin Corporate Ctr Acquisition LLC
Essex Dublin Owner LP
Bere Island Properties I LLC Et. Al.
Shops at Waterford LLC
Start HQ 2003
Bit Holdings Fifty Six Inc
Chang Lin, Et. Al
City of Dublin
Bere Island Properties I LLC Et. Al.
Bit Investment Eleven Limited Partnership
Capital Pacific Security Trust
Cisco Systems Inc.
Park Sierra LLC
Subtotal $
CITY OF DUBLIN, CALIFORNIA
Principal Property Tax Payers
Current year and Nine Years Ago
2015-16
Percentage
of Total City
Taxable Taxable
Assessed Assessed
Value Rank Value
181,480,000 1 1.47%
155,851,118 2 1.26%
128,263,238 3 1.04%
122,189,814 4 0.99%
115,981,613 5 0.94%
113,268,710 6 0.92%
109,586,197 7 0.89%
102,586,204 8 0.83%
102,249,799 9 0.83%
89,380,669 10 0.72%
$
1,220,837,362 9.87% $
Source: HDL Coren & Cone and Alameda County Assessor Combined Tax Rolls
186
2006-07
Percentage
of Total City
Taxable Taxable
Assessed Assessed
Value Rank Value
123,249,776 1 1.67%
109,632,683 2 1.49%
107,100,000 3 1.45%
105,363,401 4 1.43%
80,209,477 5 1.09%
79,014,656 6 1.07%
67,261,858 7 0.91%
65,651,789 8 0.89%
49,639,663 9 0.67%
46,499,771 10 0.63%
833,623,074 11.30%
CITY OF DUBLIN, CALIFORNIA
Property Tax Levies and Collections
Last Ten Fiscal Years
Fiscal
Year Current Percent Delinquent Total
Ended Total Tax of Levy Tax Tax Percent
June30 Tax Levy Collections Collected Collections Collections of Levy
2007 $ 20,913,852 $ 20,750,015 99.22% $ 111,324 $ 20,861,339 99.75%
2008 22,963,077 22,446,386 97.75% 412,481 22,858,867 99.55%
2009 24,341,226 23,229,916 95.43% 778,896 24,008,812 98.63%
2010 23,503,738 22,162,010 94.29% 804,530 22,966,540 97.71%
2011 23,079,068 22,159,873 96.02% 533,248 22,693,121 98.33%
2012 23,566,230 22,761,802 96.59% 432,891 23,194,693 98.42%
2013 24,769,806 23,997,036 96.88% 527,988 24,525,024 99.01%
2014 27,001,559 26,200,578 97.03% 432,070 26,632,648 98.63%
2015 31,129,982 30,434,412 97.77% 412,643 30,847,054 99.09%
2016 35,325,929 34,734,843 98.33% 357,472 35,092,315 99.34%
Source: Alameda County Assessor Office
187
Fiscal
Year
Ended
June30
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Sources:
CITY OF DUBLIN, CALIFORNIA
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Governmental Activities
Notes, Capital
Lease and Total
Mortgage Governmental
Payable Activities
$6,755,824
6,128,806
5,749,811
5,346,352
$6,755,824
6,128,806
5,749,811
5,346,352
Total
Primary
Governments
$6,755,827
6,128,806
5,749,811
5,346,352
Percentage
of Personal
income
NIA
NIA
NIA
Debt
Per
Capita
$156
(1) United States Census Bureau, most recent data available November 2014.
Personal Income at June 30, 2014 not available.
(2) City of Dublin Administrative Services Department.
188
CITY OF DUBLIN, CALIFORNIA
Direct and Overlapping Debt
June 30, 2016
Total Property Tax Assessed Value of Taxable Property
OVERLAPPING TAX AND ASSESSMENT DEBT:
Bay Area Rapid Transit District
Chabot-Las Positas Community College District
Dublin Joint Unified School District
East Bay Regional Park District
City of Dublin 1915 Act Bonds
California Statewide Communities Development Authority 1915 Act Bonds
TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT
DIRECT AND OVERLAPPING OTHER DEBT
Alameda County General Fund Obligations
Alameda County Pension Obligations
Alameda-Contra Costa Transit District Certificates of Participation
TOTAL DIRECT AND OVERLAPPING GENERAL FUND DEBT
COMBINED TOTAL DEBT <2>
RATIOS TO ASSESSED VALUATION:
Direct Debt.. ................................................................... 0.00%
Total Direct and Overlapping Tax and Assessment Debt. ........ 2.80%
Combined Total Debt ....................................................... .3.19%
Source: California Municipal Statistics, Inc.
Notes:
Outstanding Debt
6/30/2016
$ 527,065,000
420,427,539
284,743,405
149,945,000
968,300
893,097,000
47,111,094
21,285,000
Percentage
Applicable to Estimated Share of
City ofDublin (!) Overlapping Debt
2.0920% $ 11,026,200
12.122% 50,964,226
99.977% 284,677,914
3.135% 4,700,776
100.00%
100.00% 968,300
$ 352,337,416
5.303% 47,360,934
5.303% 2,498,301
0.181% 38,526
$ 49,897,761
$ 402,235,177
$ 402,235,177
<1> The percentage of overlapping debt applicable to the City is estimated using taxable assessed property value. Applicable percentages were
estimated by determining the portion of the overlapping district's assessed value that is within the boundaries of the city divided by the district's
total taxable assessed value.
<2> Excludes tax and revenue anticipation notes, enterprise revenue and mortgage revenue and non-bonded capital lease obligations.
189
CITY OF DUBLIN, CALIFORNIA
Legal Debt Margin Information
Last Ten Fiscal Years
Fiscal Year
2006-07 2007-08 2008-09 2009-10
Debt limit $ 279,389,930 $ 308,541,411 $ 325,318,675 $ 314,675,089
Total net debt applicable to limit
Legal debt margin $ 279,389,930 $ 308,541,411 $ 325,318,675 $ 314,675,089
Total net debt applicable to the limit
as a percentage of debt limit 0.0% 0.0% 0.0%
(1) Source: City of Dublin Administrative Services Department
(2) The legal debt margin for the City of Dublin, California, is calculated using a debt limit of 15 percent of the
assessed value of property within the City limits. (Gov Code of State of California)
(3) The government code provision was enacted when assessed valuation was based upon 25% of market
value. Effective with the 1981-82 fiscal year, each parcel in now assessed at 100% of market value (as of the
most recent change in ownership parcel) in ownership for that parcel.) The computations shown above
reflect a conversion of assessed valuation data for each fiscal year from the current full valuation perspective
to the 25% level that was in effect at the time that the legal debt margin was enacted by the State of California
for local governments located within the state.
190
0.0%
Legal Debt Margin Calculation for Fiscal Year 2015-16
Assessed value (net) -June 30, 2016 (1) $ 12,530,479,945
Debt limit: 15% of assessed value 1,879,571,992
Less total bonded debt, general obligation
Legal debt margin (2) $ 1,879,571,992
Conversion Percentage for Calculation of Debt Limit (3) 25%
$ 469,892,998
Fiscal Year
2010-11 2011-2012 2012-13 2013-14 2014-15 2015-16
$ 311,498,340 $ 318,144,981 $ 333,865,688 $ 361,622,926 $ 416,774,836 $ 469,892,998
$ 311,498,340 $ 318,144,981 $ 333,865,688 $ 361,622,926 $ 416,774,836 $ 469,892,998
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
191
Fiscal
Year
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Sources:
City
Population (1)
41,848
43,563
46,869
47,953
45,672
46,785
49,890
53,462
54,695
57,349
CITY OF DUBLIN. CALIFORNIA
Demographic And Economic Statistics
Last Ten Calendar Years
(Dollars in Thousands)
Per Capita
Personal Personal Unemployment
Income, in thousands (1) Income (1) Rate (2)
$ 1,719,669 $ 41,093 2.6%
1,904,687 43,723 2.8%
2,077,720 44,330 3.7%
2,034,463 42,426 6.5%
1,700,094 34,823 6.9%
1,677,944 35,865 6.3%
1,819,688 36,474 4.2%
2,321,908 43,431 3.5%
2,333,289 42,660 3.6%
2,562,296 44,679 2.9%
(1) California Department of Finance, most recent data available January 2016
(2) California Employment Development Department, most recent data available June 2016
192
Rankin Size
of
California Cities (3)
190
184
180
179
179
182
175
181
185
156
CITY OF DUBLIN, CALIFORNIA
Property Value, Construction, and Bank Deposits
Last Ten Fiscal Years
Total Number of Commercial Residential
Fiscal Year Ended Building Permits Construction Value Construction Value
30-Jun Issued {12 (1) (1) Bank DeEosits {22
2007 1214 $ 56,832,941 $ 178,094,884 $
2008 1333 18,256,381 59,647,886
2009 1101 23,968,805 63,242,418
2010 1345 17,407,699 124,930,163
2011 1471 40,005,124 165,324,045
2012 2110 28,775,536 344,927,791
2013 2425 21,139,964 386,984,935
2014 2443 57,812,261 322,511,777
2015 2068 60,793,275 295,988,465
2016 2812 102, 148, 173 323,747,409
Source: 1) City of Dublin Community Development Department
2) Findley Reports, Inc Bank Deposits represents the amount of cash deposits held by financial
institutions within the city annually, Jan tbru Dec.
193
985,835,000
981,685,000
1,094,869,000
1,051,570,000
1,281,183,000
NIA
NIA
NIA
NIA
NIA
CITY OF DUBLIN. CALIFORNIA
Em.elo:ler
United States Government
& Federal Correction Institute
Dublin Unified School District
Principal Employers
Current Year and Prior Year
(Dollars in thousands)
2015
Estimated
Number of
Em.elo:lees Rank
2,100 1
1,117 3
SAP (Formerly: Sybase Corporation) 604 4
Ross Stores Headquarters 1,200 2
Zeiss Meditec 535 5
Target Stores 388 7
Callidus Cloud 350 8
County of Alameda 465 6
De Silva Gates Construction 300 9
Micro Dental Laboratories NIA NIA
Safeway 284 10
City of Dublin NIA NIA
Whole Foods NIA NIA
Subtotal 7,343
Total City Day Population
Source: City of Dublin Economic Development Department
194
2016
Estimated
Number of
Em.eloyees Rank --
2,100 1
915 2
700 3
500 4
500 4
350 5
350 5
325 6
300 7
300 7
280 8
237 9
233 10
7,090
This Page Left Intentionally Blank
CITY OF DUBLIN CALIFORNIA
Full-Time Equivalent City and Contract Government Employees by Function
Last Ten Fiscal Years
Adopted for Fiscal Year Ended June 30
2007 2008 2009 2010 2011
Function
General government
City Manager 6.25 6.50 6.50 6.00 6.00
Administrative Services 11.50 12.00 12.00 11.50 11.50
Central Services &
Building Management 3.75 3.51 3.52 3.18 3.32
Public Safety
Police 59.oo-61.00 61.00 61.00 59.00
Fire 40.25 40.75 40.78 39.77 39.74
Disaster Preparedness 0.33 0.50 0.50 0.50 0.46
Transportation
Public Works 7.50 8.50 8.50 6.45 5.45
Streets Maintenance 10.57 10.73 9.93 9.18 9.85
Health and welfare
Environmental 2.50 2.50
Housing 1.75 1.75 2.90 3.20 3.00
Waste Management 0.33 0.33 1.33 0.33 0.33
Culture and leisure services
Parks Community Services 14.00 15.50 16.00 16.60 15.60
Park Maintenance 9.53 9.55 9.92 9.65 8.94
Parks/ Facilities Management 2.00 2.00 2.00 2.00 2.00
Library Services 0.48 0.45 0.43 0.39 0.42
Heritage & Cultural Arts 2.32 2.53 2.49 2.47 3.59
Community Development
Planning & Building 33.90 32.50 27.10 19.05 19.25
Economic Development 1.00 1.00 1.50 1.50 1.50
Engineering 13.35 13.35 12.35 9.00 8.00
Total 217.81 222.45 218.75 204.27 200.45
Source: City of Dublin Administrative Services Department
Note: Include Full Time, Part Time, Temporary, and Contract Employees
196
Adopted for Fiscal Year Ended June 30 ___ _
2012 2013 2014 2015 2016
6.50 6.50 6.50 6.34 6.34
11.50 11.50 11.75 11.75 11.75
3.57 3.09 3.45 3.95 4.20
59.00 59.00 60.00 59.00 61.00
39.64 39.64 39.64 39.64 39.91
0.46 0.59 0.59 0.33 0.33
5.45 5.45 5.48 5.88 5.45
9.85 10.08 10.32 11.60 14.10
3.00 2.59 2.59 1.50 1.50
2.25 2.25 2.50 2.50 2.56
0.33 1.08 1.08 1.83 1.83
15.55 16.25 15.50 16.81 16.10
9.36 10.10 11.65 13.07 15.55
2.25 2.25 3.45 4.30 4.96
0.42 0.37 0.37 0.38 0.38
3.26 3.70 5.92 4.40 3.50
20.95 22.45 23.45 24.45 24.64
2.50 2.50 3.50 3.50 3.50
9.00 9.00 9.00 8.00 8.00
204.84 208.39 216.74 219.23 225.60
197
CITY OF DUBLIN CALIFORNIA
Operating Indicators by Function/Program
Last Ten Fiscal Years
Fiscal Year
Function/Program 2007 2008 2009 2010
Police:
Calls for Service 41,306 41,652 38,983 38,125
Citations Issued 11,676 11,768 7,086 10,101
Arrests 1,668 2,021 1,620 1,556
Fire:
Emergency calls 1,780 1,978 1,969 1,999
Inspections 4,048 2,213 1,952 3,576
Building Plan Reviews and Consultations 1,049 922 511 474
Public Works:
Bike Path Maintenance (hours) 810 775 775 697
Street Sign Maintenance (number of signs) 427 135 74 325
Curb Painting (linear feet) 4,006 2,468 2,395 6,607
Replace Street Asphalt (square feet) 13,800 33,000 29,000 30,000
Street Sweeping (curb miles) 5,927 6,075 6,341 5,083
Parks and Community Services:
Museum Visitors 2,140 2,225 2,040 3,530
Afterschool Recreation (participants/day) 153 180 167 176
Preschool Classes Participants 254 399 402 690
Youth Basketball League Participants 588 570 591 772
Senior Center Average Daily Attendance 180 185 190 198
Community Development:
Planning Applications 55 55 64 62
Building Permits 1,910 1,333 1,101 1,345
Building Inspections 36,071 25,602 12,302 8,933
Source: City of Dublin
198
Fiscal Year
2011 2012 2013 2014 2015 2016
39,474 38,580 34,966 34,567 32,496 35,005
9,023 9,229 8,699 8,530 7,175 7,087
1,624 1,542 1,419 1,934 1,091 1,225
2,244 2,323 2,688 2,859 2,667 2,734
2,833 3,308 3,538 3,664 3,948 4,304
498 1,319 1,492 1,561 1,072 1,633
603 625 668 749 416 799
258 313 205 426 368 510
5,464 6,523 6,400 5,808 32,512 2,922
57,000 26,000 37,000 18,112 15,800 31,000
5,294 5,519 5,901 5,931 5,953 5,993
3,680 4,415 8,612 8,256 5,272 3,591
240 27 228 322 364 363
628 610 571 430 327 335
710 729 812 911 994 1,074
206 217 211 220 233 236
66 62 77 59 56 52
1,471 2,110 2,425 2,443 2,068 2,812
11,308 15,961 26,045 22,345 20,197 20,784
199
CITY OF DUBLIN, CALIFORNIA
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
Fiscal Year ---2007 2008 2009
Function/Program
Public safety:
Police stations 1 1 1
Fire stations 3 3 3
Public works:
Street Lights 3,972 4,193 4,479
Miles of Streets 104 93 103
Miles of curbs 217 217 218
Traffic Signals 75 79 81
City Street Trees 6,084 6,084 6,499
City Landscape (acres) 45 45 45
Parks and recreation:
Number of Community Facilities 7 7 7
Number of City Parks 11 16 16
Acres of City Parks 109 122 201
Acres of Open Space 126 122 125
Source: City of Dublin
*The Street Lights count for FY2011 is the same as reported in FY2010. Comparable data is not
available at the time the report is prepared.
200
2010
1
3
4,526
105
222
85
7,054
57
7
16
201
125
Fiscal Year ---2011 2012 2013 2014 2015 2016
1 1 1 1 1 1
3 3 3 3 3 3
3,780 4,281 4,354 4,513 4,520 4,530
113 115 116 120 120 120
223 237 242 248 248 248
85 89 91 93 93 94
7,418 7,268 7,408 7,477 7,521 8,556
57 65 67 69 70 74
7 7 7 7 6 6
18 18 18 20 20 20
209 209 209 220 220 220
125 125 125 125 125 125
201
CITY OF DUBLIN, CALIFORNIA
Business Name
Dublin Toyota
Top 25 Sales Tax Producers
2015-16
Business Category
Motor Vehicle Dealer
Dublin Buick/Cadillac/Chevrolet/GMC
Graybar Electric
Motor Vehicle Dealer
Electrical Equipment
Dublin Honda
Target
Stoneridge Chrysler/Jeep/Dodge
Dublin Nissan
Dublin Mazda
Lowes
Best Buy
Dublin Hyundai
Dublin Volkswagen
Epicor Software
Safeway
Safeway Gas
Carl Zeiss Opthalmic Systems
Bed Bath & Beyond
Toys R Us
Shell Service
Alcosta Shell
HD Supply
Fallon Gateway Chevron
Nordstrom Rack
REI
Tesla
Motor Vehicle Dealer
Discount Department Store
Motor Vehicle Dealer
Motor Vehicle Dealer
Motor Vehicle Dealer
Lumber/Building Materials
Electronics/ Appliances Stores
Motor Vehicle Dealer
Motor Vehicle Dealer
Office Supplies/Furniture
Grocery/Liquor Store
Service Stations
Medical/Biotech
Home Furnishings
Specialty Stores
Service Stations
Service Stations
Lumber/Building Materials
Service Stations
Family Apparel
Sporting Goods
Motor Vehicle Dealer
Source: Hinderliter, de Llamas & Associates, State Board of Equalization
202
General
Date of Incorporation
Form of Government
CITY OF DUBLIN, CALIFORNIA
Miscellaneous Statistical Data
June 30, 2016
Total Population (Estimated per the California Department ofFinance, January 1, 2016)
Number of Registered Voters
Employees, City, and Contract (Full Time Equivalent)
Area (Square Miles)
Parks and Recreation
Parks
Acres in Parks
Acres in Open Space
Public Education
Elementary Schools
Middle Schools
High School
Continuation High School
Education Center
School Enrollment
Police Protection
Number of Stations
Police Personnel (Full Time Equivalent)
Fire Protection
Number of Stations
Fire Personnel (Full Time Equivalent)
Community Facilities
Dublin Civic Center
Dublin Senior Center
Dublin Swim Center
Dublin Heritage Center
Dublin Public Library
Shannon Community Center
Emerald Glen Activity Center
Source: City of Dublin
203
February 1, 1982
Council/ Manager
57,349
24,963
225.60
14.91
20
220
125
7
2
1
1
1
9,958
1
61
3
39.91
1
1
1
3
1
1
6
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CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
AND
REQUIRED COMMUNICATIONS
FOR THE YEAR ENDED
JUNE 30, 2016
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CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
AND
REQUIRED COMMUNICATIONS
For the Year Ended June 30, 2016
Table of Contents
Memorandum on Internal Control .................................................................................................... 1
Schedule of Other Matters ........................................................................................................ 3
Required Communications ................................................................................................................ 7
Significant Audit Findings ....................................................................................................... 7
Accounting Policies ............................................................................................................ 7
Unusual Transactions, Controversial or Emerging Areas ................................................ 8
Accounting Estimates ......................................................................................................... 9
Disclosures ......................................................................................................................... 9
Difficulties Encountered in Performing the Audit... .......................................................... 9
Corrected and Uncorrected Misstatements ....................................................................... 9
Disagreements with Management .................................................................................... 10
Management Representations .......................................................................................... 10
Management Consultations with Other Independent Accountants .............................. 10
Other Audit Findings and Issues ..................................................................................... 10
Other Information Accompanying the Financial Statements .............................................. 10
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To the City Council of
the City of Dublin
Dublin, California
MEMORANDUM ON INTERNAL CONTROL
In planning and performing our audit of the basic financial statements of the City of Dublin as of and for
the year ended JU.ne 30, 2016, in accordance with auditing standards generally accepted in the United
States of America, we considered the City's internal control over financial reporting (internal control) as a
basis for designing our audit procedures that are appropriate in the circumstances for the purpose of
expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on
the effectiveness of the City 's internal control. Accordingly, we do not express an opinion on the
effectiveness of the City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination
of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement
of the City's financial statements will not be prevented, or detected and corrected, on a timely basis.
Our consideration of internal control was for the limited purpose described in the first paragraph and was
not designed to identify all deficiencies in internal control that might be material weaknesses. In addition,
because of inherent limitations in internal control, including the possibility of management override of
controls, misstatements due to error or fraud may occur and not be detected by such controls. Given these
limitations, during our audit we did not identify any deficiencies in internal control that we consider to be
material weaknesses. However, material weaknesses may exist that have not been identified.
Included in the-Schedule of Other Matters are recommendations not meeting the above definitions that we
believe are opportunities for strengthening internal controls and operating efficiency.
Management's written responses included in this report have not been subjected to the audit procedures
applied in the audit of the fmancial statements and, accordingly, we express no opinion on them.
This communication is intended solely for the information and use of management, City Council, others
within the organization, and agencies and pass-through entities requiring compliance with Government
Auditing Standards, and is not intended to be and should not be used by anyone other than these specified
parties.
/Vllt. ~t.-{ )\ M•~
Pleasant Hill, California
November 17, 2016
Accountancy Corporation
3478 Buskirk Avenue , Suite 215
Pleasant Hill, CA 94523
1
T 925.930.0902
F 925.930.0135
E maze@mazeassociates.com
w mazeassociates.com
1-
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2016-01
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF OTHER MATTERS
Super-User Access to the Financial System and Review of Payroll Registers
Criteria: Staff with system administrator rights, or super-user access to all the financial system functions,
should not review or approve payroll check runs without appropriate and sufficient mitigating controls in
place.
Condition: During our interim audit, we noted that one staff within the Finance Department has super-
user rights to the City's financial system and is responsible for reviewing payroll runs.
We understand that since our interim audit, the City has implemented procedures which require the
signatures of both the payroll processor and the reviewer on the Payroll Summary and Hour Type
Summary reports. Therefore, if data is changed electronically, that change would not be supported by the
two reports.
Cause: This staff requires super-user rights because she acts as the system administrator of the City's
financial system. In addition, she is the back-up person to approve certain human resources entries in the
financial system, which requires her to have access to the payroll module.
Potential Effect: There is an increased risk of unauthorized adjustments being undetected.
Recommendation: Ideally, Finance staff should not have super-user rights to the financial system, or at
the minimum, access to the payroll module should be removed from the Finance staff responsible for
reviewing the payroll registers. If this is deemed impractical, as a fraud deterrence procedure, on a
random basis the Director of Administrative Services should conduct audits of key information, on the
payroll runs, of the employees who have access to the payroll module.
Management Response: The super-user access role of the Assistant Administrative Services Director to
the fmancial system is not an oversight by the Finance Department, the access setting is based on the
staffmg level of a small organization, which does not provide depth in staffmg level to segregate reviewer
and approver roles of payroll. We understand segregation of duties is an essential element of internal
control; aU-employee timesheets are reviewed and approved -by their respective supervisors and payroll
processor. The recommendation of removing super-user rights from all fmance staff is not practical and
operationally feasible; the City has implemented an alternative solution to address the check and balance
concern:
Each Payroll processing: payroll processor is required to initial on both payroll summary and
hour type reports (Activity Report) after he processes payroll, and payroll reviewer/approver is
also required to initial on the same reports after review. Payroll processor at that point will run the
Activity Report one more time after payroll is reviewed to ensure there is no change comparing to
the original Activity Report.
Surprise Audit: The Administrative Services Director will perform surprise audit of payrolls.
3
2016-02
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF OTHER MATTERS
Best Practice Recommendations -Determination and Accounting for Capital Costs
In fiscal year 2016, the City reported $27,906,237 in capital outlay expenditures and $26,650,804 in
corresponding capital assets additions. The difference between the two amounts, $1.6 million, was as a
result of the practice that the City books all capital assets associated costs under capital outlay. Upon the
completion of the project, the City would determine the appropriate amount to be capitalized and write off
the remaining balance. To simplify the City's process, we recollllllend that the City first determines what
costs should be capitalize and only book those costs under capital outlay. According to the City's Capital
Assets Policy (FA 08-2003), "capital projects will be capitalized as 'construction in progress' -until
completed. Costs to be capitalized include direct costs, such as labor and materials, as well as ancillary
costs and any construction period interest costs, as required by GASB pronouncements."
In addition, for capital assets that are maintained by the Energy Efficiency Internal Service Fund, the
City's current practice is to record the acquisition and construction costs of these assets first in its
governmental funds. Then, the City transfers the assets to the Energy Efficiency Fund as a contribution
from the governmental funds. To simplify the City's process, we recommend that the City centralizes
resources (i.e. record revenues from the other funds) in the Energy Efficiency Fund, then record the
capital additions directly in that fund.
Management Responsl!'". The City will adopt the auditors' recollllllendation and expense all project costs
in the same year incurred that is not eligible to be capitalized.
4
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF OTHER MATTERS
NEW GASB PRONOUNCEMENTS OR PRONOUNCEMENTS NOT YET EFFECTIVE
The following comment represents new pronouncements taking effect in the next few years. We have
cited them here to keep you abreast of developments:
Effective in fiscal year 2016-17:
GASB 73 -Accounting and Financial Reporting for Pensions and Related Assets That Are Not within
the Scope of GASB Statement 68
This Statement establishes requirements for defined benefit pensions that are not within the scope of
Statement No. 68, Accounting and Financial Reporting for Pensions, as well as for the assets
accumulated for purposes of providing those pensions. In addition, it establishes requirements for defined
contribution pensions that are not within the scope of Statement 68. It also amends certain provisions of
Statement No. 67, Financial Reporting for Pension Plans, and Statement 68 for pension plans and
pensions that are within their respective scopes.
GASB 74 -Financial Reporting for Post-employment Benefit Plans Other Than Pension Plans
The objective of this Statement is to improve the usefulness of information about post-employment
benefits other than pensions (other post-employment benefits or OPEB) included in the general purpose
external financial reports of state and local governmental OPEB plans for making decisions and assessing
accountability. This Statement results from a comprehensive review of the effectiveness of existing
standards of accounting and financial reporting for all post-employment benefits (pensions and OPEB)
with regard to providing decision-useful information, supporting assessments of accountability and inter-
period equity, and creating additional transparency.
GASB 77 -Tax Abatement Disclosures
This Statement establishes financial reporting standards for tax abatement agreements entered into by
state and local governments. The disclosures required by this Statement encompass tax abatements
resulting from both (a) agreements that are entered into by the reporting government and (b) agreements
that are entered into by other governments and that reduce the reporting government's tax revenues.
GASB 78 -Pensions Provided through Certain Multiple-Emplover Defined Benefit Pension Plans
This Statement amends the scope and applicability of Statement 68 to exclude pensions provided to
employees of state or local governmental employers through a cost-sharing multiple-employer defined
benefit pension plan that (1) is not a state or local governmental pension plan, (2) is used to provide
defined benefit pensions both to employees of state or local governmental employers and to employees of
employers that are not state or local governmental employers, and (3) has no predominant state or local
governmental employer (either individually or collectively with other state or local governmental
employers that provide pensions through the pension plan). This Statement establishes requirements for
recognition and measurement of pension expense, expenditures, and liabilities; note disclosures; and
required supplementary information for pensions that have the characteristics described above.
5
GASB80-
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF OTHER MATTERS
Blending Requirements for Certain Component Units-an amendment of GASB
Statement No. 14
This Statement amends the blending requirements for the financial statement presentation of component
units of all state and local governments. The additional criterion requires blending of a component unit
incorporated as a not-for-profit corporation in which the primary government is the sole corporate
member. The additional criterion does not apply to component units included in the fmancial reporting
entity pursuant to the provisions of Statement No. 39, Determining Whether Certain Organizations Are
Component Units.
GASB82-Pension Issues-an amendment of GASB Statements No. 67, No. 68, and No. 73
The objective of this Statement is to address certain issues that have been raised with respect to
Statements No. 67, Financial Reportingfor Pension Plans, No. 68,Accounting and Financial Reporting
for Pensions, and No. 73, Accounting and Financial Reporting for Pensions and Related Assets That Are
Not within the Scope of GASB Statement 68, and Amendments to Certain Provisions of GASB Statements
67 and 68. Specifically, this Statement addresses issues regarding (1) the presentation of payroll-related
measures in required supplementary information, (2) the selection of assumptions and the treatment of
deviations from the guidance in an Actuarial Standard of Practice for financial reporting purposes, and (3)
the classification of payments made by employers to satisfy employee (plan member) contribution
requirements.
Effective in fiscal year 2017-18:
GASB 75 -Accounting and Financial Reporting for Post-employment Benefits Other Than Pensions
The primary objective of this Statement is to improve accounting and financial reporting by state and
local governments for post-employment benefits other than pensions (other post-employment benefits or
OPEB). It also improves information provided by state and local governmental employers about fmancial
support for OPEB that is provided by other entities. This Statement results from a comprehensive review
of the effectiveness of existing standards of accounting and financial reporting for all post-employment
benefits (pensions and OPEB) with regard to providing decision-useful information, supporting
assessments of accountability and inter-period equity, and creating additional transparency.
GASB 81 -Irrevocable Split-Interest Agreements
This Statement requires that a government that receives resources pursuant to an irrevocable split-interest
agreement recognize assets, liabilities, and deferred inflows of resources at the inception of the
agreement. Furthermore, this Statement requires that a government recognize assets representing its
beneficial interests in irrevocable split-interest agreements that are administered by a third party, if the
government controls the present service capacity of the beneficial interests. This Statement requires that a
government recognize revenue when the resources become applicable to the reporting period.
6
To the City Council of
the City of Dublin
Dublin, California
REQUJRED COMMUNICATIONS
We have audited the basic financial statements of the City of Dublin for the year ended June 30, 2016.
Professional standards require that we communicate to you the following information related to our audit
under generally accepted auditing standards and generally accepted government audit standards.
Significant Audit Findings
Accounting Policies
Management is responsible for the selection and use of appropriate accounting policies. The significant
accounting policies used by City of Dublin are described in Note 1 to the financial statements. No new
accounting policies were adopted and the application of existing policies was not changed during the year,
except as follows:
The following Governmental Accounting Standards Board (GASB) pronouncements became effective,
but did not have a material effect on the financial statements:
GASB Statement No. 76 -The Hierarchy of Genera/Iv Accepted Accounting Principles for
State and Local Governments
The following pronouncement became effective and required modifications to the notes to financial
statements.
GASB Statement No. 72 -Fair Value Measurement and Application
This Statement addresses accounting and financial reporting issues related to fair value
measurements. The definition of fair value is the price that would be received to sell an asset or
paid to transfer a liability in an orderly transaction between market participants at the
measurement date. This Statement provides guidance for determining a fair value measurement
for financial reporting purposes. This Statement also provides guidance for applying fair value to
certain investments and disclosures related to all fair value measurements.
The requirements of this Statement enhance comparability of financial statements among
governments by requiring measurement of certain assets and liabilities at fair value using a
consistent and more detailed definition of fair value and accepted valuation techniques. This
Statement also enhances fair value application guidance and related disclosures in order to
provide information to financial statement users about the impact of fair value measurements on a
government's financial position.
Accountancy Corporation
3478 B uskirk Avenu e, S uite 2 15
Pleasant Hill, CA 94523
7
T 925 .930.0902
F 925 .930 .01 35
E maze@ mazeassociates .com
w mazeassociates.com
GASB 79 -Certain External Investment Pools and Pool Participants
The requirements of this Statement are effective for reporting periods beginning after June 15,
2015, except for certain provisions on portfolio quality, custodial credit risk, and shadow pricing.
Those provisions are effective for reporting periods beginning after December 15, 2015.
This Statement addresses accounting and financial reporting for certain external investment pools
and pool participants. Specifically, it establishes criteria for an external investment pool to qualify
for making the election to measure all of its investments at amortized cost for financial reporting
purposes. An external investment pool qualifies for that reporting if it meets all of the applicable
criteria established in this Statement. The specific criteria address (1) how the external investment
pool transacts with participants; (2) requirements for portfolio maturity, quality, diversification,
and liquidity; and (3) calculation and requirements of a shadow price. Significant noncompliance
prevents the external investment pool from measuring all of its investments at amortized cost for
financial reporting purposes. Professional judgment is required to determine if instances of
noncompliance with the criteria established by this Statement during the reporting period,
individually or in the aggregate, were significant.
If an external investment pool does not meet the criteria established by this Statement, that pool
should apply the provisions in paragraph 16 of Statement No. 31, Accounting and Financial
Reporting for Certain Investments and for External Investment Pools, as amended. If an external
investment pool meets the criteria in this Statement and measures all of its investments at
amortized cost, the pool's participants also should measure their investments in that external
investment pool at amortized cost for financial reporting purposes. If an external investment pool
does not meet the criteria in this Statement, the pool's participants should measure their
investments in that pool at fair value, as provided in paragraph 11 of Statement 31, as amended.
This Statement establishes additional note disclosure requirements for qualifying external
investment pools that measure all of their investments at amortized cost for financial reporting
purposes and for governments that participate in those pools. Those disclosures for both the
qualifying external investment pools and their participants include information about any
limitations or restrictions on participant withdrawals.
Unusual Transactions, Controversial or Emerging Areas
We noted no transactions entered into by the City during the year for which there is a lack of authoritative
guidance or consensus. All significant transactions have been recognized in the financial statements in the
proper period.
8
Accounting Estimates
Accounting estimates are an integral part of the fmancial statements prepared by management and are
based on management's knowledge and experience about past and current events and assumptions about
future events. Certain accounting estimates are particularly sensitive because of their significance to the
fmancial statements and because of the possibility that future events affecting them may differ
significantly from those expected. The most sensitive estimate(s) affecting the City's financial statements
was:
• Estimated Net Pension Liabilities and Pension-Related Deferred Outflows and Inflows of
Resources: Management's estimate of the net pension liabilities and deferred outflows/inflows of
resources are disclosed in Note 10 to the financial statements and are based on actuarial studies
determined by a consultant, which are based on the experience of the City. We evaluated the key
factors and assumptions used to develop the estimate and determined that it is reasonable in
relation to the basic financial statements taken as a whole.
• Estimated Fair Value of Investments: As of June 30, 2016, the City's cash and investments were
measured by fair value as disclosed in Note 3 to the fmancial statements. Fair value is essentially
market pricing in effect as of June 30, 2016. These fair values are not required to be adjusted for
changes in general market conditions occurring subsequent to June 30, 2016.
• Estimate of Depreciation: Management's estimate of the depreciation is based on useful lives
determined by management. These lives have been determined by management based on the
expected useful life of assets as disclosed in Note 6 to the fmancial statements. We evaluated the
key factors and assumptions used to develop the depreciation estimate and determined that it is
reasonable in relation to the basic financial statements taken as a whole.
Disclosures
The financial statement disclosures are neutral, consistent, and clear.
Difficulties Encountered in Peiforming the Audit
We encountered no significant difficulties in dealing with management in performing and completing our
audit. ·
Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all known and likely misstatements identified during the
audit, other than those that are clearly trivial, and communicate them to the appropriate level of
management. Management has corrected all such misstatements. In addition, none of the misstatements
detected as a result of audit procedures and corrected by management were material, either individually or
in the aggregate, to each opinion unit's financial statements taken as a whole.
Professional standards require us to accumulate all known and likely uncorrected misstatements identified
during the audit, other than those that are trivial, and communicate them to the appropriate level of
management. We have no such misstatements to report to the City Council.
9
Disagreements with Management
For purposes of this letter, a disagreement with management is a fmancial accounting, reporting, or
auditing matter, whether or not resolved to our satisfaction, that could be significant to the fmancial
statements or the auditor's report. We are pleased to report that no such disagreements arose during the
course of our audit.
Management Representations
We have requested certain representations from management that are included m a management
representation letter dated November 17, 2016.
Management Consultations with Other Independent Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting
matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves
application of an accounting principle to the governmental unit's fmancial statements or a determination
of the type of auditor's opinion that may be expressed on those statements, our professional standards
require the consulting accountant to check with us to determine that the consultant has all the relevant
facts. To our knowledge, there were no such consultations with other accountants.
Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing
standards, with management each year prior to retention as the governmental unit's auditors. However,
these discussions occurred in the normal course of our professional relationship and our responses were
not a condition to our retention.
Other Information Accompanying the Financial Statements
We applied certain limited procedures to the required supplementary information that accompanies and
supplements the basic fmancial statements. Our procedures consisted of inquiries of management
regarding the methods of preparing the information and comparing the information for consistency with
management's responses to our inquiries, the basic fmancial statements, and other knowledge we obtained
during our audit of the basic financial statements. We did not audit the required supplementary information
and do not express an opinion or provide any assurance on the required supplementary information.
We were engaged to report on the supplementary information, which accompanying the fmancial
statements but are not required supplementary information. With respect to this supplementary
information, we made certain inquiries of management and evaluated the form, content, and methods of
preparing the information to determine that the information complies with accounting principles generally
accepted in the United States of America, the method of preparing it has not changed from the prior
period, and the information is appropriate and complete in relation to our audit of the financial statements.
We compared and reconciled the supplementary information to the underlying accounting records used to
prepare the financial statements or to the fmancial statements themselves.
We were not engaged to report on the Introductory and Statistical Sections included as part of the
Comprehensive Annual Financial Report but are not required supplementary information. We did not audit
or perform other procedures on this other information and we do not express an opinion or provide any
assurance on them.
10
******
This information is intended solely for the use of City Council and management and is not intended to be,
and should not be, used by anyone other than these specified parties.
~~t-iAMv~
Pleasant Hill, California
November 17, 2016
11
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CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION-
l\1EASURE B FUNDS
FOR THE YEAR ENDED JUNE 30, 2016
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CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
For the Year Ended June 30, 2016
Table of Contents
Independent Auditor's Report ............................................................................................................. 1
Financial Statements
Combined Balance Sheet .................................................................................................................. 3
Combined Statement of Revenues, Expenditures and Changes in Fund Balance .......................... 4
Notes to Financial Statements .......................................................................................................... 5
Independent Auditor's Report On Measure B Compliance ............................................................. 9
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INDEPENDENT AUDITOR'S REPORT
Honorable Mayor and Members of the City Council of the City of Dublin
City of Dublin, California
Report on Financial Statements
We have audited the accompanying financial statements of the Alameda County Transportation
Commission -Measure B Funds (Measure B Funds) of the City of Dublin, California, as of and for
the year ended June 30, 2016, and the related notes to the financial statements, which collectively
comprise the Measure B Funds' basic financial statements as listed in the Table of Contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this
includes the design, implementation, and maintenance of internal control relevant to the preparation
and fair presentation of the financial statements that are free from material misstatement, whether due
to fraud or error.
Auditor's Responsibility
Our responsibility is to express op1mons on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the City's
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the City's internal control. Accordingly, we express no such opinion. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
Accountancy Corporation
3478 Buskirk Avenue, Suite 215
Pleasant Hill , CA 94523
T 925.930.0902
F 925.930.0135
e maze@mazeassociates.com
w mazeassociates.com
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of the Measure B Funds of the City as of June 30, 2016, and the change in fmancial
position for the year then ended in conformity with accounting principles generally accepted in the
United States of America.
Emphasis of Matter
As discussed in Note 1, the financial statements present only the City's Measure B funds and do not
purport to, and do not present fairly the financial position of the City as of June 3 0, 2016, the changes in
its financial position, or where applicable, its cash flows for the year then ended in accordance with
accounting principles generally accepted in the United States of America. Our opinion is not modified
with respect to this matter.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November
17, 2016 on our consideration of the City's internal control over financial reporting and on our tests
of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and
other matters. The purpose of that report is to describe the scope of our testing of internal control
over financial reporting and compliance and the results of that testing, and not to provide an opinion
on internal control over financial reporting or on compliance. That report is an integral part of an
audit performed in accordance with Government Auditing Standards in considering the City's internal
control over financial reporting and compliance.
tYYt~~ 1 }f-'do ~
Pleasant Hill, California
:N"ovember17,2016
2
City of Dublin
Alameda County Transportation Commission -Measure B Funds
Combined Balance Sheet
June 30, 2016
ASSETS
Cash and investments
Direct Local Distribution Program Receivable
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Due to the City
Total liabilities
Fund Balances:
Restricted
Total fund balances
Total liabilities and fund balances
Special
Revenue Funds
MeasureB MeasureB
Local Bike and
Streets Pedestrian
$498,012 $234,153
68,494 26,398
566,506 260,551
·$99
99
$566,506 260,452
566,506 260,452
$566,506 $260,551
See accompanying Notes to Financial Statements
3
Total
$732,165
94,892
827,057
$99
99
$826,958
826,958
$827,057
City of Dublin
Alameda County Transportation Commission -Measure B Funds
Combined Statement of Revenues, Expenditures and Changes In
Fund Balance
For the year ended June 30, 2016
REVENUES:
Direct Local Program Distribution Allocation
Interest
Total revenues
EXPENDITURES:
Current:
Highway and Streets
Capital outlay:
Street Overlay Program
Street Slurry Seal Programs
Dougherty Road Improvement
Total expenditures
CHANGE IN FUND BALANCES
FUND BALANCES:
Beginning of year
Endofyear
Special
Revenue Funds
Measure B Measure B
Local Bike and
Streets
$435,604
4,079
439,683
349,839
59,386
409,225
30,458
536,048
$566,506
Pedestrian
$167,885
1,660
169,545
11,250
30,000.
41,250
128,295
132,157
$260,452
See accompanying Notes to Financial Statements
4
Total
$603,489
5,739
609,228
11,250
349,839
89,386
450,475
158,753
668,205
$826,958
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30, 2016
I NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Reporting Entity
All transactions of the Alameda County Transportation Commission -Measure B Funds (Measure
B Funds) of the City of Dublin, California (City), are included as a separate special revenue fund in
the basic financial statements of the City. Measure B Funds is used to account for the City's share
of revenues earned and expenditures incurred under the City's local streets, bikes and pedestrians
and capital projects programs. The accompanying financial statements are for Measure B Funds
only and are not intended to fairly present the financial position of the City and the results of its
operations and cash flows of its proprietary fund type.
B. Basis of Accounting
The accompanying financial statements are prepared on the modified accrual basis of accounting.
Revenues are generally recorded when measurable and available, and expenditures are recorded
when the related liabilities are incurred.
The accounting and financial reporting treatment applied to a fund is determined by its
measurement focus. All governmental funds are accounted for using a "current financial
resources" measurement focus, wherein only current assets and current liabilities generally are
included on the balance sheets. · Operating statements of governmental funds present increased
(revenues and other financing sources) and decreased (expenditures and other fmancing uses) in net
current assets.
C. Description of Funds
The accounts are maintained on the basis of fund accounting. A fund is a separate accounting entity
with a self-balancing set of accounts.
The following funds are used:
Special Revenue Funds -To account for the proceeds of specific revenues that are legally
restricted to be expended for specified purposes.
I NOTE 2 -CASH AND INVESTMENTS I
Cash and investments are maintained on a pooled basis with those of other funds of the City. Pooled cash
and investments consist of U.S. government securities, deposits with banks, mutual funds and participation
in the California Local Agency Investment Fund. All investments are stated at fair value. Pooled
investment earnings are allocated monthly based on the average monthly cash and investment balances of
the various funds and related entities of the City.
See the City's Comprehensive Annual Financial Report for disclosures related to cash and investments and
the related custodial risk categorization. This may be obtained from the City of Dublin, 100 Civic Plaza,
Dublin, California 94568.
5
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30, 2016
I NOTE 3 -RECEIVABLES
The receivables represent the Measure B sales tax revenues and project reimbursements for the fiscal year
received from the Alameda County Transportation Commission after June 30, 2016.
!NOTE 4-MEASURE B FUNDS I
Under Measure B, approved by the voters of Alameda County in 1986 (Old Measure B) and in 2000,
Alameda CTC Measure B, the City receives a portion of the proceeds of an additional one-half cent sales
tax to be used for transportation-related expenditures. This measure was adopted with the intention that
the funds generated by the additional sales tax will not fund expenditures previously paid for by property
taxes but, rather, would be used for additional projects and programs.
Local projects funded by Measure B were as follows:
• Highway and Streets (Public Work Admin) -Bicycle Master Plan Program Implementation
• Street Overlay Program -Measure B provided funding for the replacement of asphalt overlay on
streets throughout the City and prolongs the useful life of the pavement. The scope of work
includes removing and replacing failed pavement, placing asphalt concrete overlay and restriping
the street.
From a pool of funds held by the County, Certain additional portion of the pool is allocated among the
cities in the County, based on the cities' populations and the number of roads within their city limits for
other transportation-related projects. Funds allocated for streets and roads; bike lanes and pedestrian lanes
are recorded as a special revenue funds.
I NOTE 5 -COMMITMENTS AND CONTINGENCIES
The City participates in several grant programs. These programs have been audited by the City's
independent accountants in accordance with the provisions of 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.
6
INDEPENDENT AUDITOR'S REPORT ON MEASURE B COMPLIANCE
To the Honorable Members of the City Council
City of Dublin, California
Report on Compliance for Measure B Funds
We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the basic financial statements of the Measure B
Funds of the City of Dublin (City), California, as of and for the year ended June 30, 2016 and the related
notes to the financial statements, and have issued our report thereon date November 17, 2016.
Management's Responsibility
Management is responsible for compliance with the requirements of laws, regulations, contracts, and
grants specified in the Master Programs Funding Agreement between the City and the Alameda County
Transportation Commission.
Auditor's Responsibility
Our responsibility is to express an opinion on compliance for the Measure B funds based on our audit of
the types of compliance requirements referred to above. We conducted our audit of compliance in
accordance with auditing standards generally accepted in the United States of America; the standards
applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States; and requirements specified in the Master Programs Funding Agreement
between the City and the Alameda County Transportation Commission. Those standards and
requirements require that we plan and perform the audit to obtain reasonable assurance about whether
noncompliance with the types of compliance requirements referred to above that could have a direct and
material effect on Measure B Funds occurred. An audit includes examining, on a test basis, evidence
about the City's compliance with those requirements and performing such other procedures as we
considered necessary in the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for the Measure B
Funds. However, our audit does not provide a legal determination of the City's compliance.
Opinion on Measure B Funds
In our opinion, the City complied, in all material respects, with the types of compliance requirements
referred to above that could have a direct and material effect on Measure B Funds for the year ended June
30, 2016.
Accountancy Corporation
3478 Buskirk Avenue, Suite 215
Pleasant Hill, CA 94523
7
T 925.930.0902
F 925.930 .0135
E maze@mazeassociates.com
w mazeassociates.com
Report on Internal Control Over Compliance
Management is responsible for establishing and maintaining effective internal control over compliance
with the types of compliance requirements referred to above. In planning and performing our audit of
compliance, we considered the City's internal control over compliance with the types of requirements that
could have a direct and material effect on Measure B Funds to determine the auditing procedures that are
appropriate in the circumstances for the purpose of expressing an opinion on compliance for the Measure
B Funds and to test and report on internal control over compliance, but not for the purpose of expressing
an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an
opinion on the effectiveness of the City's internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over
compliance does not allow management or employees, in the normal course of performing their assigned
functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of
Measure B Funds on a timely basis. A material weakness in internal control over compliance is a
deficiency, or combination of deficiencies, in internal control over compliance, such that there is a
reasonable possibility that material noncompliance with a type of compliance requirement of Measure B
Funds will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in
internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over
compliance with a type of compliance requirement of Measure B Funds that is less severe than a material
weakness in internal control over compliance, yet important enough to merit attention by those charged
with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control over
compliance that might be material weaknesses or significant deficiencies. We did not identify any
deficiencies in internal control over compliance that we consider to be material weaknesses. However,
material weaknesses may exist that have not been identified.
We have also issued a separate Memorandum on Internal Control dated November 17, 2016 which is an
integral part of our audits and should be read in conjunction with this report.
The purpose of this report on internal centrol over compliance is solely to describe the scope of our
testing of internal control over compliance and the results of that testing based on the requirements,
specified in the Master Programs Funding Agreement between the City and the Alameda County
Transportation Commission. Accordingly, this report is not suitable for any other purpose.
Pk~~~J\Mb~
November 17, 2016
8
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY
VEIDCLE REGISTRATION FEE (VRF)
MEASURE F PROGRAM
FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2016
This Page Left Intentionally Blank
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY VEIDCLE REGISTRATION FEE (VRF)
MEASURE F PROGRAM
FINANCIAL STATEMENTS
For The Year Ended June 30, 2016
Table of Contents
Independent Auditor's Report ........................................................................................................................... 1
Financial Statements:
Balance Sheet .................................................................................................................................. 3
Statement of Revenues, Expenditures and Changes i11 Fund Balance ........................................... 4
Notes to Financial Statements .......................................................................................................... 5
Independent Auditor's Report on Vehicle Registration Fee (VRF) Measure F Compliance .................... 7
This Page Left Intentionally Blank
INDEPENDENT AUDITOR'S REPORT
Honorable Mayor and Members of the City Council
City of Dublin, California
Report on Financial Statements
We have audited the accompanying fmancial statements of the Alameda County Vehicle Registration Fee
(VRF) Measure F Program (Measure F Program) of the City of Dublin (City), California, as of and for the
year ended June 30, 2016, and the related notes to the financial statements, which collectively comprise
the Measure F Program's basic fmancial statements as listed in the Table of Contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these fmancial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of the fmancial statements that are free from material misstatement, whether due to fraud or
error.
Auditor's Responsibility
Our responsibility is to express opinions on these fmancial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America and the
standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
fmancial statements. The procedures selected depend on the auditor's judgment, including the assessment
of the risks of material misstatement of the fmancial statements, whether due to fraud or error. In making
those risk assessments, the auditor considers internal control relevant to the City's preparation and fair
presentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City's internal
control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of significant accounting estimates made by management,
as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinions.
Accountancy Corporation
3478 Buskirk Avenue, Suite ·215
Pleasant Hill, CA 94523
T 925.930 .0902
F 925.930.0135
E maze@mazeassociates.com
w mazeassociates.com
Opinions
In our opinion, the fmancial statements referred to above present fairly, in all material respects, the
fmancial position of the Measure F Program of the City as of June 3 0, 2016, and the change in fmancial
position for the year then ended in conformity with accounting principles generally accepted in the United
States of America.
Emphasis of Matter
As discussed in Note 2, the fmancial statements present only the Measure F Program and do not purport
to, and do not present fairly the fmancial position of the City as of June 30, 2016, the changes in its
financial position, or where applicable, its cash flows for the year then ended in accordance with
accounting principles generally accepted in the United States of America. Our opinion is not modified
with respect to this matter.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we-have also issued our report dated November 17,
2016, on our consideration of the City's internal control over fmancial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other
matters-. The purpose of that report is to describe the scope of our testing of internal control over fmancial
reporting and compliance and the results of that testing, and not to provide an opinion on internal control
over financial reporting or on compliance. That report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the City's internal control over financial
reporting and compliance.
~~1.l\~~
Pleasant Hill, California
November 17, 2016
2
City of Dublin
Alameda County Transportation Improvement
Authority -Vehicle Registration Fee
Balance Sheet
June 30, 2016
ASSETS
Cash and investments
Direct Local Distribution Program Receivable
Other receivable
Total assets
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
Total liabilities
Fund Balances:
Restricted
Total fund balances
Total liabilities and fund balances
$
$
$
$
Vehicle
Registration
Fee Special
Revenue Fund
189,136
49,674
2,750
241,560
26,336
26,336
215,224
215,224
241,560
See accompanying Notes to Financial Statements
3
City of Dublin
Alameda County Transportation Improvement Authority
-Vehicle Registration Fee Statement of Revenues,
Expenditures and Changes In Fund Balance
For the year ended June 30, 2016
REVENUES:
Direct Local Distributions
Interest
Total revenues
EXPENDITURES:
Current
Highway and Streets
Capital Outlay:
Traffic Signal Improvements
Total expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE:
Beginning of year
End of year
See accompanying Notes to Financial Statements
4
$
$
Vehicle
Registration
Fee Special
Revenue
Fund
273,321
1,463
274,784
149,648
84,100
233,748
41,036
174,188
215,224
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY VEIDCLE REGISTRATION FEE (VRF) MEASURE F PROGRAM
Notes to the Financial Statements
for the Year Ended June 30, 2016
INOTE1-BACKGROUND
Measure F Program -Alameda County Vehicle Registration Fee Measure F (Measure F
Program) was approved by the voters in November 2010, with 63 percent of the vote. The fee will
generate about $10.7 million per year by a $10 per year vehicle registration fee. The collection of
the $10 per year vehicle registration fee started in the first week of May 2011. The goal of the
VRF Program is to sustain the County's transportation network and reduce traffic congestion and
vehicle related pollution. The program includes four categories of projects:
• Local Road Improvement and Repair Program (60 percent)
• Transit for Congestion Relief (25 percent)
• Local Transportation Technology (10 percent)
• Pedestrian and Bicyclist Access and Safety Program (5 percent)
The Alameda County Transportation Commission administers the program and distributes an
equitable share of the funds among the four planning areas of the county over successive five year
cycles. Geographic equity will be measured by a formula, weighted 50 percent by population of
the planning area and 50 percent ofregistered vehicles of the planning area.
I NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES I
Reporting Entity -All transactions of the Measure F Program of the City are included as a
separate special revenue fund in the basic financial statements of the City.
The accompanying financial statements include the Measure F Program only and are not intended
to fairly present the financial position, results of operations and cash flows of the City in
conformity with accounting principles generally accepted in the United States of America.
Basis of Accounting -The accompanying financial statements are prepared on the modified
accrual basis of accounting. Revenues are generally recorded when measurable and available, and
expenditures are recorded when the related liabilities are incurred.
The accounting and financial reporting treatment applied to a fund is determined by its
measurement focus. All governmental funds are accounted for using a "current financial
resources" measurement focus, wherein only current assets and current liabilities generally are
included on the balance sheets. Operating statements of governmental funds presents increases
(revenues and other financing sources) and decreases (expenditures and other financing uses) in
net current assets.
Description of Funds -The accounts are maintained on the basis of fund accounting. A fund is a
separate accounting entity with a self-balancing set of accounts.
5
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY VEIDCLE REGISTRATION FEE (VRF) MEASURE F PROGRAM
Notes to the Financial Statements
for the Year Ended June 30, 2016
l NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Continued)
The following funds are used:
Special Revenue Funds -To account for the proceeds of specific revenues that are legally
restricted to be expended for specified purposes.
Use of Estimates -Management uses estimates and assumptions in preparing the financial
statements. Those estimates and assumptions affect the reported amounts of assets and liabilities,
the disclosures of contingent assets and liabilities, and the reported revenues and expenses. Actual
results could differ from those estimates.
I NOTE 3 -CASH AND INVESTMENTS I
Cash and investments are maintained on a pooled basis with those of other funds ·or the City.
Pooled cash and investments consist of U.S. government securities, deposits with banks, mutual
funds and participation in the California Local Agency Investment Fund. All investments are
stated at fair value. Pooled investment earnings are allocated monthly based on the average
monthly cash and investment balances of the various funds and related entities of the City.
See the City's Comprehensive Annual Financial Report for disclosures related to cash and
investments and the related custodial risk categorization. This may be obtained from the City of
Dublin, 100 Civic Plaza, Dublin, California 94568.
I NOTE 4 -MEASURE F (VEIDCLE REGISTRATION FEE) FUND
Under Measure F, approved by the voters of Alameda County, the City receives a portion of the
vehicle registration fee designated to be used for improving traffic flow by reducing congestion
and improving overall traffic safety.
Local project funded by Measure F was as follows:
• Citywide Signal Communication Upgrade -Replace failing signal equipment and enhance
traffic detection systems. This helped the City in minimizing traffic delays due to
potential equipment failure and to improve overall traffic safety.
Measure F also provided funding associated with maintaining traffic signals and efficient
movement of traffic in the City.
6
INDEPENDENT AUDITOR'S REPORT ON VEIDCLES REGISTRATION FEE (VRF)
MEASURE F COMPLIANCE
To the Honorable Members of the City Council
City of Dublin, California
Report on Compliance for Measure F Program
We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the basic financial statements of Measure F
Program of the City of Dublin (City), California, as of and for the year ended June 30, 2016 and the related
notes to the financial statements, and have issued our report thereon date November 17, 2016.
Management's Responsibility
Management is responsible for compliance with the requirements of laws, regulations, contracts, and
grants specified in the Master Programs Funding Agreement, between the City and the Alameda County
Transportation Commission.
Auditor's Responsibility
Our responsibility is to express an opinion on compliance for the Measure F Program based on our audit of
the types of compliance requirements referred to above. We conducted our audit of compliance in
accordance with auditing standards generally accepted in the United States of America; the standards
applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States; and requirements specified in the Master Programs Funding Agreement
between the City and the Alameda County Transportation Commission. Those standards and requirements
require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance
with the types of compliance requirements referred to above that could have a direct and material effect on
Measure F Program. An audit includes examining, on a test basis, evidence about the City's compliance
with those requirements and performing such other procedures as we considered necessary in the
circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for the Measure F
Program. However, our audit does not provide a legal determination of the City's compliance.
Accountancy Corporation
3478 Buskirk Avenue , Suite 215
Pleasant Hill , CA 94523
7
T 925.930.0902
F 925.930.0135
e maze@mazeassociates.com
w mazeassociates.com
Opinion on Measure F Programs
Jn our opinion, the City complied, in all material respects, with the types of compliance requirements
referred to above that could have a direct and material effect on Measure F Program for the year ended
June 30, 3016.
Reporl on Internal Control Over Compliance
Management is responsible for establishing and maintaining effective internal control over compliance
with the types of compliance requirements referred to above. Jn planning and performing our audit of
compliance, we considered the City's internal control over compliance with the types of requirements that
could have a direct and material effect on Measure F Program to determine the auditing procedures that are
appropriate in the circumstances for the purpose of expressing an opinion on compliance for the Measure F
Program and to test and report on internal control over compliance, but not for the purpose of expressing
an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an
opinion on the effectiveness of the City's internal-control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over
compliance does not allow management or employees, in the normal course of performing their assigned
functions, to prevent, 01: detect and correct, noncompliance with a type of compliance requirement of
Measure F Program on a timely basis. A material weakness in internal control over compliance is a
deficiency, or combination of deficiencies, in internal control over compliance, such that there is a
reasonable possibility that material noncompliance with a type of compliance requirement of Measure F
Program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in
internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over
compliance with a type of compliance requirement of Measure F Program that is less severe than a
material weakness in internal control over compliance, yet important enough to merit attention by those
charged with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control over
compliance that might be material weaknesses or significant deficiencies. We did not identify any
deficiencies in internal control over compliance that we consider to be material weaknesses. However,
material weaknesses may exist that have not been identified.
We have also issued a separate Memorandum on Internal Control dated November 17, 2016 which is an
integral part of our audits and should be read in conjunction with this report.
The purpose of this report on internal control over compliance is solely to describe the scope of our testing
of internal control over compliance and the results of that testing based on the requirements specified in
the Master Programs Funding Agreement between the City and the Alameda County Transportation
Commission. Accordingly, this report is not suitable for any other purpose.
Pleasant Hill, California
November17,2016
8
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY TRANSPORTATION COMMISSION -
MEASURE BB PROGRAM
FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2016
This Page Left Intentionally Blank
CITY OF DUBLIN
MEASURE BB PROGRAM
Financial Statements
For the year ended June 30, 2016
Table of Contents
Independent Auditor's Report ............................................................................................................. 1
Financial Statements:
Balance Sheet .................................................................................................................................. 3
Statement of Revenues, Expenditures and Changes in Fund Balance ........................................... 4
Notes to Financial Statements .......................................................................................................... 5
Independent Auditor's Report on Measure BB Compliance ........................................................... 7
This Page Left Intentionally Blank
INDEPENDENT AUDITOR'S REPORT
The Honorable Mayor and Members of the City Council
City of Dublin, California
Report on Financial Statements
We have audited the financial statements of the Alameda County Transportation Commission-Measure BB
Program (Measure BB Program) of the City of Dublin, California, as of and for the year ended June 30,
2016, and the related notes to the financial statements as listed in the Table of Contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the U~ited States of America; this includes the
design, implementation, and maintenance of internal control relevant to the preparation and fair presentation
of the financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America and the
standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor's judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fr~ud or error. In making those
risk assessments, the auditor considers internal control relevant to the City's preparation of the financial
statements in order to design audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing such an opinion on the effectiveness of the City's internal control. Accordingly, we
express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used
and the reasonableness of significant accounting estimates made by management, as well as evaluating the
overall presentation of the financial statement.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Accountancy Corporation
3478 Buskirk Avenue, Suite 2 15
Pleasant H ill , CA 94523
1
T 925.930 .0902
F 925 .930.013 5
E maze@ mazeassociates.com
w mazeassoc iates .com
Opinions
In our opinion, the financial statements referred to above present fairly in all material respects the
financial position of the project at June 30, 2016 and the results of operations and changes in fund balance
for the year then in accordance with accounting principles generally accepted in the United States of
America.
Emphasis of Matter
As discussed in Note 2, the financial statements present only the City's Measure BB Program and do not
purport to, and do not present fairly the financial position of the City as of June 30, 2016, the changes in
its financial position, or where applicable, its cash flows for the year then ended in accordance with
accounting principles generally accepted in the United States of America. Our opinion is not modified
with respect to this matter.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November 17,
2016 on our consideration of the City's internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other
matters. The purpose of that report is to describe the scope of our testing of internal control over financial
reporting and compliance and the results of that testing, and not to provide an opinion on internal control
over financial reporting or on compliance. That report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the City's internal control over financial
reporting and compliance.
"'1,ct,£ ~~/)1~ ~
Pleasant Hill, California
November 17, 2016
2
City of Dublin
Alameda County Transportation Improvement
Authority -Measure BB
Balance Sheet
For the year ended June 30, 2016
Local Streets
and Roads
ASSETS
Cash $403,848
Direct Local Distribution Program Receivable 60,311
Total assets $464,159
Fund Balances:
Restricted $464,159
Total fund balances 464,159
Total liabilities and fund balances $464,159
Bike and
Pedestrian
$140,902
21,134
$162,036
$162,036
162,036
$162,036
See accompanying Notes to Financial Statements
3
Totals
$544,750
81,445
$626,195
$626,195
626,195
$626,195
City of Dublin
Alameda County Transportation Improvement Authority
-Measure BB Statement of Revenues,
Expenditures and Changes In Fund Balance
For the year ended June 30, 2016
Local Streets
and Roads
REVENUES:
Direct Local Distributions $391,238
Interest 2,015
Total revenues 393,253
NET CHANGE IN FUND BALANCE 393,253
FUND BALANCE:
Beginning of year 70,906
End of year $464,159
See accompanying Notes to Financial Statements
4
Bike and
Pedestrian Totals
$137,094 $528,332
708 2,723
137,802 531,055
137,802 531,055
24,234 95,140
$162,036 $626,195
I NOTE I-BACKGROUND
CITY OF DUBLIN, CALIFORNIA
MEASURE BB PROGRAM
Notes to the Financial Statements
For the year ended June 30, 2016
Measure BB Program -Alameda County Measure BB (Measure BB Program) was approved by
the voters in November 2014, with 70 percent of the vote. The fund is to be used for
transportation related expenditures. The program includes four categories of projects:
a. Transit
b. Affordable Transit for Seniors and People with Disabilities
c. Local Streets and Roads
d. Bicycle and Pedestrian Path and Safety
I NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES
Reporting Entity -All transactions of the Measure BB Program of the City are included as a
separate special revenue fund in the basic financial statements of the City.
The accompanying financial statements include the Measure BB Program only and are not
intended to fairly present the fmancial position, results of operations and cash flows of the City in
conformity with accounting principles generally accepted in the United States of America.
Basis of Accounting -The accompanying fmancial statements are prepared on the modified
accrual basis of accounting. Revenues are generally recorded when measurable and available, and
expenditures are recorded when the related liabilities are incurred.
The accounting and fmancial reporting treatment applied to a fund is determined by its
measurement focus. All governmental funds are accounted for using a "current financial
resources" measurement focus, wherein only current assets and current liabilities generally are
included on the balance sheets. Operating statements of governmental funds presents increases
(revenues and other fmancing sources) and decreases (expenditures and other financing uses) in
net current assets.
Description of Funds -The accounts are maintained on the basis of fund accounting. A fund is a
separate accounting entity with a self-balancing set of accounts.
5
CITY OF DUBLIN, CALIFORNIA
MEASURE BB PROGRAM
Notes to the Financial Statements
For the year ended June 30, 2016
I NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES (Continued)
The following funds are used:
Special Revenue Funds -To account for the proceeds of specific revenues that are legally
restricted to be expended for specified purposes.
Use of Estimates -Management uses estimates and assumptions in preparing the financial
statements. Those estimates and assumptions affect the reported amounts of assets and liabilities,
the disclosures of contingent assets and liabilities, and the reported revenues and expenses. Actual
results could differ from those estimates.
I NOTE 3 -CASH AND INVESTMENTS
Cash and investments are maintained on a pooled basis with those of other funds of the City.
Pooled cash and investments consist of U.S. government securities, deposits with banks, mutual
funds and participation in the California Local Agency Investment Fund. All investments are
stated at fair value. Pooled investment earnings are allocated monthly based on the average
monthly cash and investment balances of the various funds and related entities of the City.
See the City's Comprehensive Annual Financial Report for disclosures related to cash and
investments and the related custodial risk categorization. This may be obtained from the City of
Dublin, 100 Civic Plaza, Dublin, California 94568.
6
INDEPENDENT AUDITOR'S REPORT ON MEASURE BB COMPLIANCE
To the Honorable Members of the City Council
City of Dublin, California
Report on Compliance for Measure BB Program
We have audited, in accordance with the auditing standards generally accepted in the United States of America
and the standards applicable to financial audits contained in Government Auditing Standards issued by the
Comptroller General of the United States, the basic financial statements of Measure BB Program of the City of
Dublin (City), California, as of and for the year ended June 30, 2016 and the related notes to the financial
statements, and have issued our report thereon date November 17, 2016.
Management's Responsibility
Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants
specified in the Master Programs Funding Agreement, between the City and the Alameda County
Transportation Commission.
Auditor's Responsibility
Our responsibility is to express an opinion on compliance for the Measure BB Program based on our audit of
the types of compliance requirements referred to above. We conducted our audit of compliance in accordance
with auditing standards generally accepted in the United States of America; the standards applicable to
financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United
States; and requirements specified in the Master Programs Funding Agreement between the City and the
Alameda County Transportation Commission. Those standards and requirements require that we plan and
perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance
requirements referred to above that could have a direct and material effect on Measure BB Program. An audit
includes examining, on a test basis, evidence about the City's compliance with those requirements and
performing such other procedures as we considered necessary in the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for the Measure BB
Program. However, our audit does not provide a legal determination of the City's compliance.
Accountancy Corporation
3478 Buskirk Avenue, Suite 215
Pleasant Hill, CA 94523
7
T 925.930.0902
F 925 .930.0135
E maze@mazeassociates.com
w mazeassociates.com
Opinion on Measure BB Programs
In our opinion, the City complied, in all material respects, with the types of compliance requirements referred
to above that could have a direct and material effect on Measure BB Program for the year ended June 30,
2016.
Report on Internal Control Over Compliance
Management is responsible for establishing and maintaining effective internal control over compliance with
the types of compliance requirements referred to above. In planning and performing our audit of compliance,
we considered the City's internal control over compliance with the types of requirements that could have a
direct and material effect on Measure BB Program to determine the auditing procedures that are appropriate in
the circumstances for the purpose of expressing an opinion on compliance for the Measure BB Program and to
test and report on internal control over compliance, but not for the purpose of expressing an opinion on the
effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the
effectiveness of the City's internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over
compliance does not allow management or employees, in the normal course of performing their assigned
functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of Measure
BB Program on a timely basis. A material weakness in internal control over compliance is a deficiency, or
combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that
material noncompliance with a type of compliance requirement of Measure BB Program will not be prevented,
or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a
deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance
requirement of Measure BB Program that is less severe than a material weakness in internal control over
compliance, yet important enough to merit attention by those charged with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control over compliance
that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal
control over compliance that we consider to be material weaknesses. However, material weaknesses may exist
that have not been identified.
We have also issued a separate Memorandum on Internal Control dated November 17, 2016 which is an
integral part of our audits and should be read in conjunction with this report.
The purpose of this report on internal control over compliance is solely to describe the scope of our testing of
internal control over compliance and the results of that testing based on the requirements specified in the
Master Programs Funding Agreement between the City and the Alameda County Transportation Commission.
Accordingly, this report is not suitable for any other purpose.
tW\_LA1f ~-~
Pleasant Hill, California
November 17, 2016
8
CITY OF DUBLIN, CALIFORNIA
TRANSPORTATION DEVELOPMENT
ACT ARTICLE III FUND
FINANCIAL STATEMENTS
FOR THE FISCAL YEARS ENDED
JUNE 30, 2016 and 2015
This Page Left Intentionally Blank
CITY OF DUBLIN
TRANSPORTATION DEVELOPMENT ACT
ARTICLE ill FUND
For The Years Ended June 30, 2016 and 2015
Table of Contents
Independent Auditor's Report ................................................................................................................. 1
Financial Statements:
Balance Sheets .................................................................................................................................... 3
Statements of Revenues and Expenditures and Changes in Fund Balances ..................................... 4
Notes to Financial Statements ........................................................................................................... 5
Independent Auditor's Report on Internal Control over Financial Reporting
On Compliance with the Transportation Development Act and Other Matters
Based on an Audit of Financial Statements Performed in Accordance with
Government Auditing Standards ........................................................................................................ 7
This Page Left Intentionally Blank
INDEPENDENT AUDITOR'S REPORT
The Honorable Mayor and Members of the City Council
City of Dublin, California
Report on Financial Statements
We have audited the financial statements of the City of Dublin Transportation Development Act Article ill
Fund (TDA Fund), a component of the City of Dublin, California, as of and for the years ended June 30,
2016 and 2015, and the related notes to the financial statements, as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of the financial statements that are free from material misstatement, whether due to fraud or
error.
Auditor's Responsibility
Our responsibility is to express opinions on these :financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America and the
standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the fmancial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
fmancial statements. The procedures selected depend on the auditor's judgment, including the assessment
of the risks of material misstatement of the fmancial statements, whether due to fraud or error. In making
those risk assessments, the auditor considers internal control relevant to the TDA Fund's preparation and
fair presentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the TDA Fund's
internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates made
by management, as well as evaluating the overall presentation of the fmancial statements .
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinions.
Accountancy Corporation
3478 Bu skirk Ave nue, Sui te 2 15
Pl easant Hill , CA 94523
T 925 .930.0902
F 925.930 .0 135
E maze@ mazeassociates .co m
w mazeassociates.com
Opinions
In our opinion, the fmancial statements referred to above present fairly, in all material respects, the
fmancial positions of the TDA Fund as of June 30, 2016 and 2015, and the changes in financial positions
for the years then ended in accordance with accounting principles generally accepted in the United States
of America.
Emphasis of Matters
As discussed in Note 1, the fmancial statements present only the TDA Fund and do not purport to, and do
not present fairly the fmancial position of the City as of June 30, 2016, the changes in its fmancial
position, or, where applicable, its cash flows for the year then ended in accordance with accounting
principles generally accepted in the United States of America. Our opinion is not modified with respect
to this matter.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November 17,
2016, on our consideration of the City's internal control over fmancial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other
matters. The purpose of that report is to describe the scope of our testing of internal control over fmancial
reporting and compliance and the results of that testing, and not to provide an opinion on internal control
over financial reporting or on compliance. That report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the City's internal control over financial
reporting and compliance.
llYl~ ~~~
Pleasant Hill, California
November 17, 2016
2
City of Dublin
TDAFund
Balance Sheets
June 30, 2016 and 2015
ASSETS
Cash and investments
Total assets
LIABILITIES
Due to other funds
Total liabilities
FUND BALANCE:
Restricted
Total liabilities and fund balances
2016
$33,311
33,311
(33,311)
See accompanying Notes to Financial Statements
3
2015
$175
$175
$175
175
$175
City of Dublin
TDAFunds
Statements of Revenues, Expenditures and Changes In
Fund Balance
For the years ended June 30, 2016 and 2015
2016 2015
REVENUES:
Intergovernmental
Total revenues
EXPENDITURES
Pedestrian/Bicycle (Note 3)
CHANGE IN FUND BALANCES
FUND BALANCES:
Beginning of year
Endofyear
$33,311
(33,311)
($33,311)
See accompanying Notes to Financial Statements
4
$207,189
207,189
150,043
57,146
(57,146)
CITY OF DUBLIN
TRANSPORTATION DEVELOPMENT ACT ARTICLE ill FUND
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended June 30, 2016
I NOTE 1-DESCRIPTION OF REPORTING ENTITY I
Reporting Entity -The City of Dublin, California (City) Transportation Development Act Article III
Funds (TDA Fund) include the financial activities associated with allocations funded by the State of
California Transportation Development Act (TDA). The State of California created a local transportation
fund for each County funded by a portion of the State sales tax.
The TDA grants are distributed through the Metropolitan Transportation Commission (MTC) which is the
agency's responsibility for allocation of funds to eligible claimants within the greater San Francisco Bay
area.
The TDA grants for the City of Dublin are for Pedestrian/Bicycle Projects.
TDA Fund is presented as a Special Revenue Fund of the comprehensive annual financial report of the
City. These TDA Fund financial statements are not intended to present fairly the financial position, results
of operations and cash flows of the City of Dublin in conformity with accounting principles generally
accepted in the United States of America.
I NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Fund Accounting-The accounts of the TDA Fund for the City are organized on the basis of funds, and
is considered to be a separate accounting entity. The operations of the TDA 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 the
fund based upon the purpose for which they are to be spent and the means by which spending activities
are controlled.
Basis of Accounting -The accounting and reporting treatment applied to a fund is determined by its
measurements focus. All governmental funds are accounted for on a spending or "current financial
resources" measurement focus. Accordingly, only current asset and current liabilities generally are
included on the balance sheet. Operating statements of governmental funds present increases (revenues
and other financing sources) and decreases (expenditures and other financing uses) in fund balance.
All governmental fund types are accounted for using the modified accrual basis of accounting wherein
revenues are recognized in the accounting period in which they become measurable and available to pay
liabilities of the current period. Expenditures are recognized in the accounting period in which the fund
liability is incurred.
Revenue Recognition -Under the terms of the various grant agreements, the TDA Fund generally
recognize revenues when approved expenditures are incurred. Accordingly, the accompanying financial
statements present grants receivable and the corresponding intergovernmental revenues.
Use of Estimates -The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that affect certain reported
amounts and disclosures. Accordingly, actual results could differ from those estimates.
5
CITY OF DUBLIN
TRANSPORTATION DEVELOPMENT ACT ARTICLE ill FUND
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended June 30, 2016
j NOTE 3 -TDA ARTICLE ill REVENUE AND EXPENDITURES
The following is a summary of the project grant revenues and total expenditures.
MTC TDAGrant Prior Years' 2014-2015 2015-2016 Total
Project Name Allocation# Award &penditures &penditures &penditures &penditures
Pedestrian/Bicycle; Capital 14001072 $178,225 ($57,146) ($121,079) ($178,225)
Pedestrian/Bicycle; Capital 14001073 28,964 (28,964) (28,964)
Pedestrian/Bicycle; Capital 15001065 148,311 ($33,311} (33,311)
Total $355,500 ($57,146) ($150,043) ($33,311) ($240,500)
6
Unexpended
Balance
$115,000
$115,000
INDEPENDENT AUDITOR'S REPORT ON
INTERNAL CONTROL OVER FINANCIAL REPORTING,
ON COMPLIANCE WITH THE TRANSPORTATION
DEVELOPMENT ACT AND OTHER MATTERS
BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
The Honorable Mayor and Members of the City Council
City of Dublin, California
We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the financial statements of the City of Dublin as
of and for the year ended June 3 0, 2016, and the related notes to t..lie financial statements, and have issued
our report thereon dated November 10, 2016.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered City's internal control
over financial reporting (internal control) to determine the audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial statements, but not for the
purpose of expressing an opinion on the effectiveness of City's internal control. Accordingly, we do not
express an opinion on the effectiveness of City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect a..11d correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination
of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement
of the City's financial statements will not be prevented, or detected and corrected on a timely basis. A
significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less
severe than a material weakness, yet important enough to merit attention by those charged with
governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any
deficiencies in internal control that we consider to be material weaknesses. However, material
weaknesses may exist that have not been identified.
Accountancy Corporation
3478 Buskirk Avenue , Suite 2 15
Pl easant Hill , CA 94523
7
T 925 .930 .0902
F 925 .930 .0 135
E maze@ m azeassociates .com
w mazeassociates.com
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City's financial statements are free from
material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on the
determination of financial statement amounts. Our procedures included the applicable audit procedures
contained in §6666 of Title 21 of California Code of Regulations and tests of compliance with the
applicable provisions of the Transportation Development Act and the allocation instructions and
resolutions of the Metropolitan Transportation Commission. However, providing an opinion on
compliance with those provisions was not an objective of our audit, and accordingly, we do not express
such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that
are required to be reported under Government Auditing Standards.
We have also issued a separate Memorandum on Internal Control dated November 17, 2016 which is an
integral part of our audit and should be read in conjunction with this report.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance
and the result of that testing, and not to provide an opinion on the effectiveness of the City's internal control
or on compliance. This report is an integral part of an audit performed in accordance \\ith Government
Auditing Standards in considering the City's internal control and compliance. Accordingly, this
communication is not suitable for any other purpose.
This report is intended solely for the information and use of the Metropolitan Transportation Commission,
management, City Council, others within the City, and federal awarding agencies and pass-through entities
and is not intended to be and should not be used by anyone other than these specified parties.
t«\,eti.t.-4)\Mo~
Pleasant Hill, California
November 17, 2016
8
INDEPENDENT ACCOUNTANT'S REPORT ON
APPLYJNG AGREED UPON PROCEDURES FOR
COMPLIANCE WITH THE PROPOSITION 111
2016-2017 APPROPRIATIONS LIMIT INCREMENT
Honorable Mayor and Members of the City Council
City of Dublin, California
We have performed the procedures below to the Appropriations Limit Worksheet which were agreed to by
the City of Dublin for the year ended June 30, 2016. These procedures, which were suggested by the
League of California Cities and presented in their Article XIIIB Appropriations Limitation Uniform
Guidelines were perfonned solely to assist you in meeting the requirements of Section 1.5 of Article XIIIB
of the California Constitution. Management is . responsible for the Appropriations Limit Worksheet. This
agreed-upon procedures engagement was conducted in accordance with attestation standards established by
the American Institute of Certified Public Accountants. The sufficiency of the procedures is solely the
responsibility of the City. Consequently, we make no representation regarding the sufficiency of the
procedures described below either for the purpose for which this report has been requested or for any other
purpose.
The procedures you requested us to perform and our findings were as follows:
A. We obtained the Appropriations Limit Worksheet and determined that the 2016-2017
Appropriations Limit of $291,414,855 and annual adjustment factors were adopted by Resolution of
the City Council. We also determined that the population and inflation options were selected by a
recorded vote of the City Council.
B. We recomputed the 2016-2017 Appropriations Limit by multiplying the 2015-2016 Prior Year
Appropriations Limit by the Total Growth Factor. We recomputed the Total Growth Factor by
multiplying the inflation option by the population option.
C. For the Appropriations Limit Worksheet, we agreed the Per Capita Income, City Population and
County Population Factors to California State Department of Finance Worksheets. We also agreed
the Local Non-Resident Construction Factor to the Contra Costa County's "Assessor Office
PROP 111 New Construction 2016-2017" Report.
We were not engaged to, and did not, conduct an audit, the objective of which would be the expression of an
opinion on the Appropriations Limit Worksheet. Accordingly, we do not express such an opinion. Had we
performed additional procedures, other matters might have come to our attention that would have been
reported to you.
This report is intended solely for the information of management and the City Council; however, this
7'Vl,~;no~~~~distribution of this report, which is a matter of public record.
Pleasant Hill, California
November 17, 2016
Accountancy Corporation
3478 Buskirk Avenue, Suite 215
Pleasant Hill, CA 94523
T 925.930.0902
F 925.930 .0135
E maze@mazeassociates.com
w mazeassociates.com