HomeMy WebLinkAboutItem 4.8 - 1750 Comprehensive Annual Financial Report CAFR
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STAFF REPORT
CITY COUNCIL
DATE: December 19, 2017
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, 2017 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, 2017. 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 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 the report.
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.
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DESCRIPTION:
The City of Dublin has prepared its Comprehensive Annual Financial Report
(CAFR) for the Fiscal Year ending June 30, 2017. The CAFR (Attachment 2)
includes audited financial statements reviewed by Maze and Associates
Accountancy Corporation (Maze), the independent auditor selected by the City
Council, and concludes the year-long extension of the audit services contract 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, comprised of
Councilmembers Goel and Hernandez, on December 5, 2017, 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.
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 $32.1 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 6-7). It is important to note that the amount reported as Total Net Assets
includes:
1. $487.1 million (69.4% 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. $94.7 million (13.5% of the total assets) are assets subject to external
restrictions on how they can be used, such as development impact fee funds.
3. $120.5 million (17.2% of total assets) in net assets are unrestricted.
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TABLE 1: SUMMARY OF NET POSITION
June 30, 2017 and 2016
June 30, 2017 June 30, 2016 $ Change % Change
Item
Current and other assets 242,412,845 228,952,110 13,460,735 5.9%
Notes receivable (See Note5) 15,032,783 14,614,947 417,836 2.9%
OPEB asset (Note 12)1,172,913 996,376 176,537 17.7%
Capital assets 492,040,457 466,309,644 25,730,813 5.5%
Total Assets 750,658,998 710,873,077 39,785,921 5.6%
Deferred Outflows of Resources 3,915,819 1,997,928 1,917,891 95.99%
Current liabilities 27,001,634 23,586,470 3,415,164 14.5%
Noncurrent liabilities 24,262,586 17,787,418 6,475,168 36.4%
Total Liabilities 51,264,220 41,373,888 9,890,332 23.9%
Deferred Inflows of Resources 977,509 1,216,310 (238,801) -19.6%
Net investment in capital assets 487,123,214 460,963,292 26,159,922 5.7%
Restricted 94,745,655 97,592,438 (2,846,783) -2.9%
Unrestricted 120,464,219 111,725,077 8,739,142 7.8%
(See Note 8 to Financials for
Classification)
Total Net Assets 702,333,088 670,280,807 32,052,281 4.8%
Governmental Activities
Memorandum on Internal Control (MOIC) (Attachment 3)
The MOIC includ es a report on the City’s accounting and reporting procedures,
as well as recommendations for process improvements. The report noted one item
classified as a significant deficiency in FY 2016-17:
1. Parks and Community Services (PCS) System Implementation and Cash Deposit
Worksheets. The auditors noted delayed bank statement reconciliations due to
discrepancies between revenue reported and revenue collected for PCS programs,
particularly at The Wave. The cause was related both to the new PCS recreation
software having challenges integrating with the City’s existing financial software,
and to the need for an additional level of review in PCS before reports are
transmitted to Finance. Before these findings were made, Staff from PCS and
Administrative Services had been working together on solutions to these issues,
which include potentially working with a new third-party credit card processing
vendor, implementing unannounced site audits of cash handling procedures at The
Wave, adding a final level of review in PCS’ administrative office, and enhancing
PCS software training to include members of the Administrative Service
Department.
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The MOIC also contains a description of new Governmental Accounting
Standards Board (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 2017-18 include GASB Statement No. 75, Accounting
and Financial Reporting for Postemployment Benefits Other Than Pensions, which
requires reporting of the City’s retiree health obligation on its financial statements. This
does not affect the City’s financial health and will not have a material effect on the City’s
financial books. In addition, the MOIC describes GASB Statements 81 – Irrevocable
Split Interest Payments, 85 – Omnibus 2017, and 86 – Certain Debt Extinguishment
Issues, that will go into effect in FY 2017 -18. These new guidelines will not materially
affect the City.
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 2016-17 year-end reserves established in
accordance with this policy is shown on CAFR page 67. The following table
summarizes the fund balances for all City funds:
TABLE 2: GOVERNMENTAL FUND BALANCE CHANGES
June 30, 2017 and 2016
June 30, 2017 June 30, 2016 $ Change % Change
General Fund 122,415,662 109,184,026 13,231,636 12.1%
Affordable Housing Fund 27,193,329 25,526,669 1,666,660 6.5%
Capital Improvement Funds 54,676,919 60,282,217 (5,605,298) -9.3%
Other Governmental Funds 12,624,728 11,783,552 841,176 7.1%
Total Governmental Funds 216,910,638 206,776,464 10,134,174 4.9%
As shown above, General Fund Reserves totaled $122.4 million as of June 30, 2017:
$34.1 million of that is available for cash flow purposes, equating to 5.5 months of
budgeted operating expenditures in FY 2017-18. This exceeds the target as guided by
the City Policy, which sets the cash flow goal at between two and four months of the
next year’s 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
(TDA) 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
2016-17, and therefore was not required to complete a Federal Grant - Single Audit
Report. The following briefly summarizes 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 2016-17, the following
projects were funded by Measure B:
− Citywide Bicycle and Pedestrian Improvements
− 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, 2017, the Local Streets fund balance of $455,919 is assigned to a
Capital Reserve for the continued street improvement projects, and the Bike I
Pedestrian fund balance of $386,344 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, 2017, the ACTC VRF fund had a balance of $207,516 in restricted
funds. The FY 2017-18 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, 2017, the Measure BB Fund had a restricted fund balance of
$648,755 for Local Streets and Roads, and $106,353 restricted for Bicycle and
Pedestrian improvements. Expenditures of these funds in FY 2016-17 were related
to the City’s Street Overlay Program.
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TDA Funds Report (Attachment 7):
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 2016-17, $115,000 was spent on the pedestrian signal improvements.
There are no remaining TDA grants funds to carry into FY 2017-18.
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 $314,611,477 Limit
as presented in the FY 2016-17 Budget. There were no exceptions noted in the
findings.
NOTICING REQUIREMENTS/PUBLIC OUTREACH:
None.
ATTACHMENTS:
1. Summary - Key Information Comprehensive Annual Financial Report for FY 2016-17
2. City of Dublin Comprehensive Annual Financial Report for FY 2016-17
3. Memorandum on Internal Control
4. Measure B Report
5. Vehicle Registration Fee (VRF) Report
6. Measure BB Report
7. TDA Report
8. Review of the City's Annual Appropriations Limit
SUMMARY – KEY INFORMATION
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDING JUNE 30, 2017
City Council Meeting December 19, 2017
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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. 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 175-end): the unaudited statistical section of the
CAFR includes graphs of relevant historical data.
5. Fund Equity - A complete listing of both fund reserves and designations for all funds is
shown on page 67 of the report.
6. 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
titled “Memorandum on Internal Control and Required Communications for the Fiscal
Year ended June 30, 2017”.
City of Dublin
CALIFORNIA
Dublin -···· fiiii!
2011
COMPREHENSIVE ANNUAL
FINANCIAL REPORT
Fiscal Year 'ended June 30, 2017
I-
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CITY OF DUBLIN, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED .JUNE 30, 2017
Prepared by
ADMINISTRATIVE SERVICES DEPARTMENT
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INTRODUCTORY SECTION
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I INTRODUCTORY SECTION: I
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2017
Table of Contents ........................................................................................................................................................ i
Letter of Transmittal ................................................................................................................................................... v
GFOA Certificate of Achievement ......................................................................................................................... xiii
Principal Officers ..................................................................................................................................................... xiv
Organizational Chart ................................................................................................................................................ xv
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
ofNet Position ................................................................................................................................ 30
Statement of Revenues, Expenditures, and Changes in Fund Balances ............................................ 3 2
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 .............................................................................. 3 6
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2017
I FINANCIAL SECTION (Continued):
Proprietary Funds:
Statement of Net Position ................................................................................................................... 38
Statement of Revenue, Expenses and Changes in Fund Net Position ............................................... 3 9
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 ................. 86
Schedule of Contributions ........................................................................................................................ 87
Other Post-Employment Benefits-Schedule of Funding Progress .......................................................... 88
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 .......................................................... 98
Community Improvements Projects Capital Projects Fund ................................................... 99
Parks Projects Capital Projects Fund ................................................................................... 100
Streets Projects Capital Projects Fund ................................................................................. 101
Public Facilities Impact Fees Capital Projects Fund ............................................................ 102
Fire Impact Fees Capital Projects Fund ............................................................................... 103
Traffic Impact Fees Capital Projects Fund ........................................................................... l 04
Dublin Crossing Contribution Capital Projects Fund .......................................................... 105
ii
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2017
I FINANCIAL SECTION (Continued): I
Non-major Governmental Funds:
Combining Balance Sheets ............................................................................................................. 112
Combining Statement of Revenues, Expenditures, and Changes
in Fund Balances ....................................................................................................................... 120
Schedule of Revenues, Expenditures, and Changes
in Fund Balances -Budget and Actual ...................................................................................... 128
Internal Service Funds:
Combiriing Statement ofNet Position ......................................................................................... 164
Combining Statement of Revenues, Expenses and Changes in Fund Net Position ........................ 166
Combining Statement of Cash Flows ............................................................................................... 168
Fiduciary Funds:
Statement of Changes in Assets and Liabilities -All Agency Funds ......................................... 172
I STATISTICAL SECTION: I
Net Position by Component ............................................................................................ : ...................... 176
Changes in Net Position ......................................................................................................................... 178
Fund Balances of Governmental Funds ................................................................................................ 180
Changes in. Fund Balances of Governmental Funds ............................................................................. 182
Assessed Value of Taxable Property .................................................................................................... 184
Direct and Overlapping Property Tax Rates ......................................................................................... 186
Principal Property Taxpayers ................................................................................................................ 188
Property Tax Levies and Collections .................................................................................................... 189
Ratio of Outstanding Debt by Type ....................................................................................................... 190
Direct and Overlapping Debt ................................................................................................................ 191
Legal Debt Margin Information ............................................................................................................ 192
111
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2017
I STATISTICAL SECTION (Continued): f
Demo graphic an.d Economic Statistics ................................................................................................. 194
Property Value, Construction an.d Bank Deposits ................................................................................ 195
Principal Employers ............... ~ .............................................................................................................. 196
Full-time Equivalent City and Contract Government Employees by Function .................................... 198
Operating In.dicators by Function/Program ............................................................................................ 200
Capital Assets Statistics by Function/Program ..................................................................................... 202
Top 25 Sales Tax Producers ................................................................................................................. 204
Miscellaneous Statistical Data .............................................................................................................. 205
IV
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925.8 33.66 50
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9 25 .833.6650
Comm unity Development
925.8 33.66 10
Eco no mic Development
925 .833.6 650
Fa inan ce/RT
925.8 33.6640
Fir e P t·eventio n
925 .833.6606
H uman Resources
925.833.66 05
Parks & C o m m unit y Servic es
925.83 3.6645
Po lice
925 .833 .6670
Publk W o rks
92 5.833 .66 30
I 00 C iv k f laza
Du bli n , CA 94568
p 925 .8 33.6650
f 925.83 3 .665 l
www .d u bli n.ca .gov
December 19, 2017
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, 2017. 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 unmodified ("clean") opinion on the
City of Dublin's financial statements for the year ended June 30, 2017. 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 Dubl1n 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 2017, the City
celebrated its 35th anniversary as an incorporated city.
The City provided for a permanent staffing level of approximately 95 full-time
equivalent City permanent employees in the FY 2016-17 budget cycle, and
budgeted for an additional 40 full-time equivalent temporary employees during
the summer recreational season. The City serves an estimated population of
59,686 covering a land area of 14.91 square miles. The City's strategic location
offers opportunities for employers, retail outlets, and high quality residential
neighborhoods.
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
v
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: B_uilding Inspection; Fire; Police;
and Public Works maintenance. A total of 139.95 FTE contract employees were included in the City
budget in FY 2016-17.
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. New developments in the Downtown
Dublin Specific Plan area, specifically in the Transit District, have provided new housing opportunities as
well as new potential retail space that will support a high quality of life in Dublin. In addition, the City's
new aquatics complex, The Wave, offers residents and visitors a recreation destination with pools, slides,
and play structures situate din the center of the 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.
Key City accomplishments during FY 2016-17 include the following:
Parks & Community Services
• Celebrated the 34th Annual St. Patrick's Day Festival and Shamrock5K Fun Run and Walk.
• Held the 5th Annual "Splatter" event, featuring an array of multi-cultural performance venues, with an
estimated crowd of 15,000.
• Held Tuesday Night concerts and "First Thursdays" at the Farmers' Market at the new amphitheater
situated at The Wave.
• Held a free summer outdoor movie series, "Picnic Flix."
• Continued the City's Youth Fee Assistance Program, which enables children from low-income families
to participate in the City's recreational programs.
• Partnered with a local cricket club to build the first permanent batting cages in the region to support this
emerging Tri-Valley sport.
• Held the 6th season of the Dublin Farmers' Market at Emerald Glen Park.
vi
• Opened the Dublin Camp Parks Military History Center, which houses the Camp Parks historical
collection, including permanent museum-quality exhibits and rotating temporary exhibits, educational
and research materials and history activities several times a year.
Capital Improvement Projects (Public Works)
The following major capital projects were completed during FY 2016-17:
• The Wave at Emerald Glen Park
This 31,000-square-foot recreation and aquatic complex opened on May 27, 2017. The facility features a
natatorium (indoor pool), outdoor sports pool, splash zone with large play structure and water features,
and a waterslide tower featuring six slides.
• Emerald Glen Park Amphitheater
This new amphitheater, located adjacent to The Wave, was completed in late May 2017. The
amphitheater is used for "First Thursday" performances at the Dublin Farmers' Market, the Tuesday
Night Concert Series and Splatter.
• Tassajara Road Overlay
As part of the annual pavement maintenance program, the project provided a rubberized asphalt
concrete overlay of the entire width of Tassajara Road from the I-580 off-ramp to North Dublin Ranch
Drive. The project also included new traffic signal detection, installation of new curb ramps, and
pavement markings. The asphalt contained rubber from used passenger car tires, which resulted in
approximately 18,000 passenger car tires being diverted from the landfill.
• Dublin Library Improvements
The improvement of approximately 1,500 square feet of unoccupied interior space into the Virginia S.
Bennett Room, a new Center for 21st Century Skills and Learning, was completed in January 2017. The
project included the removal of the interior wall, installation of doors and windows, and new
furnishings. Alameda County Library will outfit the space with high-tech amenities.
• Amador Plaza Road Bicycle and Pedestrian Improvement Project
Dublin partnered with the City of Livermore on a pavement micro-surfacing treatment and restriping of
Amador Plaza Road between Dublin Boulevard and Amador Valley Boulevard. Bike lanes were
installed, and there was a modification of on-street parking in accordance with the Bicycle and
Pedestrian Master Plan. Working with the City of Livermore resulted in a substantial cost saving for the
City.
• Village Parkway Traffic Signal Upgrade
New left-tum lanes and signals were installed on Brighton Drive at Village Parkway, providing greater
safety for pedestrians and bicyclists crossing Village Parkway near Dublin High School. The project
was completed in August 2016.
The following projects were continued in FY 2016-17 and are currently underway, either in design or
construction:
• Dublin Crossing Community Park
In November 2016, City Council approved the master plan for the 30-acre community park within the.
Dublin Crossing Specific Plan Area. The plan includes sports fields and courts, exercise stations, nature
trails, woodland areas, a great lawn, and several other amenities.
• Fallon Sports Park Phase II
The newest phase of Fallon Sports Park 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.
• Jordan Ranch Neighborhood Park
This 4.9-acre park in Jordan Ranch is developer-built.
vii
• Sean Diamond Neighborhood Park
This five-acre park is located in the Positano neighborhood.
• Public Safety Complex
The proposed Police Services building will include a variety of offices, an Emergency Operations Center,
evidence storage, and public lobby.
Administrative Departments
• Graduated the 12th 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.
• Implemented free Wi-Fi in Downtown Dublin.
Economic Development
• Marketing and Branding
The New American Backyard" is the City's brand and has been incorporated into all aspects of
community life, including the City's social media efforts, at events like the St. Patrick's Day
Celebration and Splatter, as well as in local and national advertising.
In addition to print ads, digital content has been created, including a series of videos highlighting Dublin
as an attractive location for a range of businesses. In addition to formal branding efforts, the City
continues to work with regional partners, including Visit Tri-Valley, Innovation Tri-Valley, and the East
Bay Economic Development Alliance (EDA) to incorporate the City's brand in promotional
opportunities.
• Business Retention and Attraction
In the last year, the City added a new Business Anniversary Breakfast Reception event, recognizing
Dublin businesses which have been in operation for 20 years or more. The Commercial Fayade Grant
Program was updated to increase funding for architectural assistance and to prioritize projects that
activate Downtown Dublin.
In addition to the new and updated programs, the City offered a variety of ways to support local
business. The City created a step-by-step "How to Start a Business -Your Guide to Growing a Business
in Dublin, CA" publication, which was developed in order to meet the needs of first-time small business
operators. The City continues to administer the Small Business Assistance Program, which helps fund
accessibility improvements, trash enclosure upgrades, and other legal obligations imposed on small
businesses. One recent participating organization was an existing nonprofit, which provides services to
developmentally challenged clients within the Tri-Valley area; the organization received financial
assistance to complete accessibility and safety improvements.
The City also entered into a new partnership with the Dublin Chamber of Commerce to provide City
sponsorship of key events and Chamber services. The City continues to conduct its Business Visitation
Program, which in this past year resulted in helping Carl Zeiss, a major employer in Dublin, make the
decision to build a new corporate campus and consolidate its operations locally. The consolidation will
result in an increase in new jobs in the community.
In addition, the City participated in multiple signature events, which were produced in close cooperation
with regional groups such as Innovation Tri-Valley to increase awareness of Dublin technology firms
and to showcase Dublin's role as a center of technology, including the #GameChangers Award,
Innovation Forum, Dream Makers and Risk Takers, and the East Bay Innovation Awards.
viii
Police Services
In addition to continuing past programs of enforcement, including the National Drug "Take-Back
Initiatives," Tobacco Compliance Operations, and Holiday Crime Suppression, Dublin Police Services has
continued its practice of being very proactive in creating new programs during the past fiscal year to assist
in fighting crime, including:
• Residential Security Camera Registration -If a crime is committed in the vicinity of a registered
camera, Dublin Police works with residents or business owners to locate any video that may help in
investigations.
• License Plate Readers -The Automated License Plate Recognition (ALPR) System has been used to
deter criminal activity and provide investigative leads after a crime has occurred.
• Exchange Zone -This new location in the Civic Center parking lot near the police department features
24-hour video surveillance, which provides a safe location for child custody transfers and the exchange
of goods, such as those purchased online from strangers.
Dublin Police Services is also active in the community through its Crime Prevention Division. This unit
runs the Neighborhood Watch program, organizes the National Night Out event, prepares and hosts
crime prevention presentations, such as the recent "Burglary Prevention" workshop, and teaches
residents about law enforcement operations through a 10-week "Citizens Academy" held each year,
beginning in early April. For the youth in the community, the Crime Prevention team hosts numerous
summer Bicycle Rodeos and Safety Programs; a one-week summer "Youth Academy'' to teach
youngsters about law enforcement; and hosts the D .A.R.E. (Drug Abuse Resistance Education)
program to 5th grade classes in schools throughout Dublin.
Awards and Honors
In FY 2016-17 the City received numerous awards and honors for its accomplishments in various areas of
community services and improvements. These include the following:
• The California Association for Local Economic Development (CALED) Award of Merit
• The California Association for Public Information Officials (CAPIO) Award of Excellence in
Communications for Branding Campaigns
• The City-County Communications & Marketing Association (3CMA) Savvy Award for Branding
Graphic Design
• Received the 2017 Recycled Water Customer of the Year Award by W ateReuse, California.
• Named 3rd on list of Best Places to Live in California study by SmartAsset.
• Named 3rd on list of America's 10 Hottest Suburban Neighborhoods (2016) by Realtor.com.
• Received a Distinguished Budget Presentation Award from the Government Finance Officers
Association for the FY 2016-2017 Budget.
• Received an Operating Budget Excellence Award from the California Society of Municipal Finance
Officers for the FY 2017-2018 Budget.
• Recognition of Andrew Russell, City of Dublin Assistant Director of Public Works; Detective Alan
Corpuz, Dublin Police Services; and Shu-Mei Chen, Financial Services Manager, Alameda County
Fire Department, as Dublin Rotary Superstars.
• Recognized by the Metropolitan Transportation Commission Regional Streets and Roads Program
for achievement in pavement maintenance, with Alameda County's highest pavement condition
index.
• Received an "A" Grade from the American Lung Association State of Tobacco Control.
• Named a "TreeCityUSA"bythe National Arbor Day Foundation.
• Named one of the Top 100 Safest Cities in California by Safe Wise.
IX
FINANCIAL OUTLOOK
Growth in the City of Dublin's property tax revenue continues to reflect a healthy and thriving community.
Following a 2 % loss in overall Assessed Valuation (AV) during the recession, the City has increased total
AV from $8.4 billion in FY 2011-12 to $13.7 billion in FY 2016-17, owing to real estate values that have
been restored, higher sales prices, and new developments coming on line. Total AV increased by $1.1
billion (9 .1 % ) over the prior year, which was the second largest percentage growth in Alameda County,
bested only by the City of Newark's 9.8% growth. The City's property tax revenues, which made up 44%
of total revenues in FY 2016-17, have increased 6%, 7%, 16%, 14%, and 10% over the last five years.
The City's sales tax revenue, while remaining the second largest revenue stream (24% of total budget),
experienced some relative flattening as compared to the budget, coming in $648,216 (3.2%) higher than
Fiscal Year 2015-16. Specifically, the Autos and Transportation sector grew only 2.4% over the prior year,
adding just $155,815 to Sales Tax revenues, after three years of average annual growth of 7.8%. Moreover,
the majority of the growth in Fiscal Year 2016-17 occurred in the third quarter of 2016, followed by two
quarters of flat revenue, and a final quarter that reflected a loss of 7.9% ($133,241). The Building and
Construction sector also grew 2.4% ($101,231) for the year, compared to 7.0% the prior year. 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 2017-18.
Development-related revenue is the third largest revenue stream to the City, making up 15% of the total
budget in FY 2016-17. Building permit revenue and development services revenue (planning and
engineering services) increased a combined 17% over FY 2015-16, but the yearly increases since the
recession have been extremely varied: since FY 2010-11, development revenue increased 52%, 18%, 7%,
3%, 1 %, and 17% in the respective years. The City anticipates a 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.
While FY 2016-17 finished with a General Fund surplus of roughly $17.7 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 $1.5 million in the General Fund by FY
2022-23, potentially growing to a deficit of $4.3 million in FY 2024-25, as reflected in the most recent
update to the 10-Y ear Forecast:
x
-~--~--~
General Fund 1 O~Year Forecast (in thousands)
100,000
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
16-17 17-18 18-19 19-20 20-21 22-22 22-23 23-24 24-25
_ Community Benefit Payment
Other Revenue
Charges for Services
Intergovernmental
Rentals & leases
-Interest
-Fines & Penalties
Other Licenses & Permits
Development Services
-Development Permits
Other Taxes
-Sales Tax
-Property Taxes
-Total 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, to review the forecast
numbers and ultimately produce an advisory report that includes recommendations for future consideration
by the City Council. The Task Force held its first meeting in January 2017 and is scheduled to present its
final report to the City Council in February 2018.
FINANCIAL PLANNING AND POLICIES
The City Council adopted a 10-Year 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-Y ear 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 next Strategic Planning meeting is scheduled for
February 2018.
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
xi
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 City has set aside a reserve to pay off this debt early, in FY 2018-19,
rather than at its due date in FY 2025-26.
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 acc_ordance 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, 2016. A copy of the award
from this entity is included in this report. This award represents the 26th 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.
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. Once again, we recognize the Mayor and City Council for their
guidance and support in the City's pursuit of excellence in financial reporting.
Sincerely,
Christopher L. Foss
City Manager
Colleen Tribby
Director of Administrative Services
xii
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, 2016
Executive Director/CEO
xiii
CITY OF DUBLIN
PRINCIPAL OFFICERS
Fiscal Year 2016/2017
Vice Mayor
Donald Biddle
Councilmember
Abe Gupta
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
XIV
Councilmember
Melissa Hernandez
Councilmember
Arun Goel
Chris Foss
Linda Smith
John Bakker
Colleen Tribby
Caroline Soto
Dennis Houghtelling
Luke Sims
Lori Taylor
Bonnie Terra
Julie Carter
James Rodems
Gary Huisingh
rga izationa Chart
FY 2016-l?AND 2017-18
> Citizens of D ublin
City Council 1
I ---
I
City Attorney City Manager
Assistant City
Manager
Public Works --
Parks and
Community
Services
Human
Resources --Police Services
Administrative,___
Services
City Clerk --
Fire Services
Non-
Departmental
xv
Economic
Development
Community
Development !
This Page Left Intentionally Blank
INDEPENDENT AUDITOR'S REPORT
To the Honorable Mayor and Members of the City Council of Dublin
Dublin, California
Report on Financial Statements
-~------....:..:~·
MAZE
&ASSOCIATES
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, 2017, 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 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 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 Buskirk Avenue, Suite 215
Pleasant Hill, CA 94523
1
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
respective financial position of the governmental activities, each major fund, and the aggregate remaining
fund information of the City, as of June 30, 2017, and the respective changes in the financial position and
cash flows, where applicable, thereof and the respective budgetary comparisons listed in the Table of
Contents 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.
Other Matters
Required Supplemental Information
Accounting principles generally accepted in the United States of America require that Management's
Discussion and Analysis and other Required Supplemental Information as listed in the Table of Contents
be presented to supplement the basic financial statements. Such information, although not a part of the
basic fmancial 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 fmancial 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 fmancial 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.
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 fmancial statements.
The information has been subjected to the auditing procedures applied in the audit of the basic fmancial
statements and certain additional procedures, including comparing and reconciling such information
directly to the underlying accounting and other records used to prepare the basic fmancial statements or to
the fmancial 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 fmancial statements and, accordingly, we do not express an opinion or provide any
assurance on them.
2
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November 12,
2017 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.
Pleasant Hill, California
November 12, 2017
3
This Page Left Intentionally Blank
Management's Discussion and Analysis (MDA) June 30, 2017
As management of the City of Dublin (City), we offer readers of the City's financial statements this
narrative overview and analysis of the financial activities of the City for the Fiscal Year (FY) ended June
30, 2017. 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, 2017 and 2016
Governmental Activities
June 30, 2017 June 30, 2016 $Change % Change
Item
Current and other assets 242,412,845 228,952,110 13,460,735 5.9%
Notes receivable (See Note5) 15,032,783 14,614,947 417,836 2.9%
OPEB asset (Note 12) 1,172,913 996,376 176,537 17.7%
Capital assets 492,040,457 466,309,644 25,730,813 5.5%
Total Assets 750,658,998 710,873,077 39,785,921 5.6%
Deferred Outflows ofResources 3,915,819 1,997,928 1,917,891 95.99%
Current liabilities 27,001,634 23,586,470 3,415,164 14.5%
N oncurrent liabilities 24,262,586 17,787,418 6,475,168 36.4%
Total Liabilities 51,264,220 41,373,888 9,890,332 23.9%
Deferred Inflows ofResources 977,509 1,216,310 (238,801) -19.6%
Net investment in capital assets 487,123,214 460,963,292 26,159,922 5.7%
Restricted 94,745,655 97,592,438 (2,846,783) -2.9%
Unrestricted 120,464,219 111,725,077 8,739,142 7.8%
(See Note 8 to Financials for
Classification)
Total Net Assets 702,333,088 670,280,807 32,052,281 4.8%
As illustrated in the above table, the City's net position increased by $32.1 million (4.8%) during FY
2016-17. This is primarily due to the following:
• Total assets increased $39.8 million, due primarily to increases in cash and investments which is a
part of current assets, and in capital assets. Cash and investments in the Public Facility Fees and
Traffic Impact Fee funds increased by $1.4 million and $11.9 million, respectiyely. Capital assets
increased by $25.7 million (5.5%) due to significant progress on capital improvement projects,
including $14.7 million spent on the Emerald Glen Aquatics Complex (EGRAC), $9.7 million on
Fallon Sports Park Phase II (both of which are projected to be complete in early 2018), and $6.8
million on Dougherty Road -Sierra Lane Street Improvement Project. Additions to capital assets
were partially offset by $10. 7 million increase in asset depreciation.
6
• Total liabilities increased in FY 2016-17 with a net difference of $9.9 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 $2.5 million due primarily to activity related to construction projects. The
increase in Noncurrent liabilities reflects the City's new long-term debt of $5.4 million pertaining to
the land acquisition for the Dublin Crossing project (see Note 7.C).
• The City's $487.l million in net investment in capital assets represents 69.3% of 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 2016-17 the City's restricted assets
decreased by $2.8 million. The Affordable Housing Fund balance increased $1.7 million as both large
and small development payments were received throughout the year. The net decrease by $4. 7 million
in restricted assets relates to changes to impact fees rates in FY 2016-17, specifically in the Public
Facility Fees Fund, which resulted in a decrease of $10.1 million in fund balance, while Traffic
Impact Fees Fund showed increase of $5.4 million. These funds are restricted to specific capital
improvement use. Approximately $118.6 million of the City's total assets (an increase of $12.0
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 ofNet Position (Table I).
TABLE 2: SUMMARY OF CHANGES IN NET POSITION
June 30, 2017 and 2016
Revenues
Program Revenues
Charges For Services
Operating Contributions & Grants
Capital Grants & Contributions
Total Program Revenue
General Revenues
Property Taxes
Special Assessments Taxes
Sales Taxes
Other Taxes
Investment income, rn1restricted
IntergovernmentaL mirestricted
Other general revenues
Total General Revenue
Total Revenues
Expenses
Governmental activities:
General government
Police
Fire
Public works
Park and conumurity services
Economic development
Comnumity development
Total Governmental Activites
Increase In Net Position
Net Position -Beginning ofYear
Net Position -End ofYear
JUlle 30, 2017 June 30, 2016
22,823,852 26,051,835
8,008,289 1,629,137
21,133,748 38,433,119
51,965,889 66,114,091
36,964,785 33,598,601
1,416,721 1,359,212
21,186,333 22,070,647
6,834,545 6,606,016
(710,595) 2,937,999
1,626,798 1,825,410
1,745,021 1,819,260
69,063,608 70,217,145
121,029,497 136,331,236
13,549,013 19,280,680
17,080,942 18,316,420
13,687,195 14,725,476
18,351,543 17,079,583
11,193,876 11,428,884
864,697 555,564
14,249,950 11,410,946
88,977,216 92,797,553
32,052,281 43,533,683
670,280,807 626,747,124
702,333,088 670,280,807
8
$Change % Change
(3,227,983) -12.4%
6,379,152 391.6%
(17,299,371) -45.0%
(14,148,202) -21.4%
3,366,184 10.0%
57,509 4.2%
(884,314) -4.0%
228,529 3.5%
(3,648,594) -124.2%
(198,612) -10.9%
(74,239) -4.1%
(1,153,537) -1.6%
(15,301, 739) -11.2%
(5, 731,667) ~29.7%
(1,235,478) -6.7%
(1,038,281) -7.1%
1,271,960 7.4%
(235,008) -2.1%
309,133 55.6%
2,839,004 24.9%
{3,820,337) -4.1%
(11,481,402) -26.4%
43,533,683 6.9%
32,052,281 4.8%
As shown in Table 2, revenues from all sources totaled $121.0 million and expenses for all City programs
totaled $89.0 million in FY 2016-17. The City's net position increased $32.1 million, compared to $43.5
million in the prior year: that change is due predominantly to decreased revenue from Capital Grants &
Contributions, unrealized loss from investments, offset with increased in Operating Contribution &
Grants and Property Taxes.
Revenues
Overall revenues decreased $15 .3 million, or 11.2%, in FY 2016-17 compared to the prior year. Changes
included:
• Charges for Services decreased a net $3 .2 million due mainly to the effect of the City changing its
accounting policy related to loans receivable last year. As the result of the change, there was a
one-time revenue adjustment of $4.9 million in Affordable Housing fund for FY 2015-16.
However, overall revenue in FY 2016-17 also reflects increases in residential garbage charges,
waste management admin fees, and cultural arts and aquatics programs.
• Operating Contributions & Grants increased $6.4 million due primarily to Measure B & Measure
BB Grants received in FY 2016-17. These grants were used to fund improvements on bike and
pedestrian projects.
• Capital Grants and Contributions decreased $17.3 million due to a one-time large revenues of
Community benefit payments, Public facility fees, Traffic impact fees, Fire impact fees and
Public art in-lieu fees that were received last year that did not reoccur in the current year.
• Property Taxes increased $3 .4 million, resulting from an increase to overall assessed property
valuations, and the incorporation of continued recapture of previous values lost during the
recession.
• Investment income (unrestricted) decreased $3.6 million, due primarily to the booking of an
unrealized loss on investment for FY 2016-17.
Expenses
Total expenses decreased $3.8 million, or 4.1 % in FY 2016-17 compared to the prior year. The following
factors contributed to the overall decrease:
• General Government expenses decreased by a net $5.7 million: the City made a large one-time
prepayment of the City's share of Alameda County Fire's OPEB liability ($9.2 million) in the
prior year, while contracted services for development-related activities increased over the prior
year.
• Public Safety (Police and Fire) decreased by $2.3 million due to the $1.0 million reversal of a
prior period accrual for police dispatch expenditures that were not realized, as well as a one-time
adjustment for retiree health obligations of the Alameda County Fire Department.
• Public Works expenses increased by $4.5 million predominantly due to capital assets depreciation
as well as increase in building maintenance contract and project engineering and inspection
consultant during the fiscal year.
• Parks and Community Services expenses decreased a net $3 .4 million as the result of
constructions costs for the new Camp Parks Military History Center incurred in the prior year, as
well as the acquisition of new cloud-based software for recreation class registration in the prior
year that did not reoccur in FY 2016-17.
9
• Community Development expenses increased $2.8 million due primarily to the community
parkland acquisition loan for the Dublin Crossing project, as well as a capital asset adjustment
during the fiscal year. "
Revenues and Expenses by Category
The following chart presents the Government-Wide FY 2016-17 revenues in a pie chart format (in
thousands). Approximately 86% of the total revenue is from four sources: 1) Property taxes, 31 %; 2)
Charges for services, 19%; 3) Capital grants & contributions, 18%; and 4) Sales tax, 18%. This is
relatively consistent with the prior year.
Investment Income Intergovernmental
Other Taxes ($711), -lo/c:t $1,627, 1%
$6,835, 6%
~ Other General
Revenues
. $1,745, 1%
Sales Taxes
$21,186, 18% ______ J
Special Assessments
$1,417, 1 %
Property Taxes
$36,965, 31 %
10
Charges for Services
$22,824, 19%
Operating Grants
& Contributions
$8,008, 7%
Capital Grants
& Contributions
$21,134, 18%
c I ·--'
I .
r -
I
::...i_--~---
Government-Wide expenses in FY 2016-17 are shown below in the same pie chart format (in thousands).
Of the $89 million in total expenses, Police and Public Works are the largest program costs, making up a
combined 40% of the total. Community Development, Fire, Parks & General Government follow at 16%,
15%, and 15%, respectively.
Community
Development
$14,250, 16%
Parks & Community
Services
$11,194, 13%
Public Works
$18,352, 21%
FUND FINANCIAL STATEMENTS
Economic
Development
$865, 1%
---=---.I
General Government
$13,550, 15%
Fire Services
$13,687, 15%
Police
___ $17,081, 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
Govermnent-wide financial statements, Govermnental 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-te1m 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
I .
I
The City maintains sixty-three (63) 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 fifty-three (53) 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, the internal service fund (ISF),
which is 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. ISF' s 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 ISF' s 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 new ISF 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 ISF's are combined into a single, aggregated
presentation in the Proprietary fund financial statements. Individual fund data for the ISF's is provided in
the form of combining statements elsewhere in this report.
Fiduciary funds: The Fiduciary fund section consists of the City's 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, 2017, the City's governmental funds reported combined ending fund balances of $217.0
million, an increase of $10.1 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, 2017 and 2016
June 30, 2017 June 30, 2016 $Change % Change
General Fund 122,415,662 109,184,026 13,231,636 12.1%
Affordable Housing Fund 27,193,329 25,526,669 1,666,660 6.5%
Capital Improvement Funds 54,676,919 60,282,217 ( 5,605,298) -9.3%
Other Governmental Funds 12,624,728 11,783,552 841,176 7.1%
Total Governmental Funds 216,910,638 206, 776,464 10,134,174 4.9%
GENERAL FUND
The General Fund is the chief operating fund of the City. Approximately $0.2 million of the fund balance
is non-spendable in the form of pre-paid expenses and the PERS Side Fund. At the end of FY 2016-17,
the unassigned fund balance of the General Fund was $32.3 million, representing approximately five
months of budgeted FY 2017-18 expenditures, with total fund balance at $122.4 million. The unassigned
amount reflects an amount calculated for the unrealized loss 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 2016-17, General Fund revenues exceeded its expenditures by $18. 8 million, before transfers
out. Compared to the prior year, General Fund revenues came in $1.0 million higher, from $82.9 million
in FY 2015-16 to $83 .9 million in FY 2016-17. This is due mainly to gains in Property Taxes and Sales
Taxes, which made up 44.0% and 23.8%, respectively, of all General Fund revenues in FY 2016-17.
Expenditures in General Fund departments totaled $65 .2 million in FY 2016-17, staying nearly $7 .5
million under the final budget (not including transfers out), and coming in $3.8 million lower than actual
expenditures in the prior year. The decrease was due to a one-time adjustment of $1.1 million decrease to
accrued expenditures and lower contracted service costs approximately $2.2 million from the prior year.
Also in FY 2016-17, the General Fund contributed $5.5 million towards capital project expenditures, an
increase of nearly $3 .1 million over the prior year. The majority of this ($4.8 million) was for funding of
the construction of the EGRAC and Fallon Sports Park Phase II.
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 $27.2 million at June 30, 2017, an increase of
nearly $1. 7 million over the prior year. The change primarily reflects increase in the developer fees
received during the fiscal year.
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, 2017 (unlike in the prior year), one of these funds which is
Street Capital Project carried a balance that will be eliminated in the next few years upon completion of
the project. 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 2016-17 was $10.4 million, a decrease of $4.6 million
from the prior year, which was due primarily to some large one-time fee payments that were received in
the prior 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 2016-17 totaled $5.6 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 2016-17 was $0.2
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.
In prior years, 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 2016-17 the amount owed to the
General Fund of $0.08 million was paid in full. 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 2016-17 totaled $6.8
million (including interest earned), approximately $2. 7 million higher than was collected in the prior year.
The City expended approximately $0.6 million to reduce outstanding obligations. In addition,
approximately $0.8 million was transferred to the Streets Capital Project Fund for future project design
expenses. This resulted in a net increase of fund balance by $5.4 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 $0.8 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, 2017 and 2016
June 30, 2017 June 30, 2016 $Change % Change
Function
Public Safety 1,002,352 894,058 108,294 12.1%
Transportation 3,910,981 5,135,829 (1,224,848) -23.8%
Environmental 1,322,843 205,738 1,117,105 543.0%
Parks, Culture, Arts 4,583,254 3,898,546 684,708 17.6%
Health & Welfare (43,274) 191,624 (234,898) -122.6%
Maintenance Districts 1,848,572 1,457,757 390,815 26.8%
TOTAL FUND BALANCE 12,624,728 11,783,552 841,176 7.1%
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 a decrease in fund balance largely due to capital expenditures for streets and roads projects. The
increase in Environmental balances is primarily due to distribution of grant 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, 2017
Budget Amounts Actual Variance from
Original Final Amount Final Budget
REVENUE
Taxes 61,313,321 62,619,197 63,800,708 1,181,511
Intergovernmental 198,618 198,618 258,509 59,891
Licenses and permits 4,533,124 6,033,124 7,770,259 1,737,135
Charges for services 9,166,381 10,143,384 10,174,420 31,036
Use of money & property 1,499,368 1,874,368 244,566 (1,629,802)
Fines and forfeitures 109,932 109,932 94,205 (15,727)
Other revenue 356,344 1,048,029 1,602,961 554,932
Total Revenue 77,177,088 82,026,652 83,945,628 1,918,976
EXPENDITURE
General government 8,378,223 9,169,315 7,957,029 1,212,286
Police 19,210,629 19,337,540 17,073,275 2,264,265
Fire 13,284,040 13,351,346 13,092,409 258,937
Public W ork:s 12,729,151 12,647,477 11,620,147 1,027,330
Parks and Community Services 9,420,361 9,892,023 8,812,595 1,079,428
Economic Development 1,039,350 1,317,193 891,602 425,591
Community develoEment 6,012,962 6,976,496 5,731,121 1,245,375
Total Expenditure 70,074,716 72,691,390 65,178,178 7,513,212
OTHER FINANCING SOURCES (USES)
Transfer in 6,600 6,600
Transfer out (759,510) (9,074,188) (5,542,414) 3,531,774
Total other :financing sources (uses) (759,510) (9,074,188) (5,535,814) 3,538,374
NET CHANGE IN FUND BALANCE 6,342,862 261,074 13,231,636 12,970,562
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 $1.9 million as of June 30, 2017,
due mainly to the following factors:
• Taxes: $1.2 million higher than budget. Property tax came in $0.9 million higher than budget,
as the result of overall growth property development in the City. Sales tax came in $0.7 million
lower, after satisfying sales tax sharing arrangements. Property transfer tax came in $0.5 million
higher consistent with the prior year. High hotel occupancy and increased room rates brought
Transient occupancy tax revenue in $0.2 million over budget; and Garbage and Cable franchise
fee revenue came in $0.3 million above budget, due both to rate increases and expanded services.
• Licenses and Permits: $1.7 million higher than budget. Building Permits came in $1.7 million
higher as the result of development activity during FY 2016-17. 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 .2 million) to ensure that there are future funds to
cover expenditures when development activity slows.
• Use of Money & Property: $1.6 million lower than budget. While interest revenue came in
$0.4 million higher than budget, reflecting the performance of the City's investments, the City
recognized an unrealized loss on investment of $2.1 million to present the fair market value of
investments at the end of FY 2016-17.
• Other Revenue: $0.6 million higher than budget. A donation of $0.3 million was received for
the Dublin Historic Park. The City also received a number of smaller payments that were related
to existing development agreements.
General Fund expenditures came in $7 .5 million lower than the final budget, reflecting overall savings
across departments. The following is a discussion of the changes.
• General Government: $1.2 million lower than budget. Contract services costs were $0.6
million lower than budget, for a variety of contracts that were opened via the purchase order
process, with the work extending to the current fiscal year. Insurance premiums came in $0.1
million lower than budget, as well as unused salary contingencies (typically used for merit
increases) resulting in approximately $0.2 million in budget savings.
·• Police Services: $2.3 million lower than budget. A one-time adjustment of $1.1 million
decrease to accrued expenditures resulted in a budget saving. Unused salary contingencies as well
as savings in fuel and vehicle maintenance costs resulted in approximately $0.4 million in budget
savings.
• Public Works: $1.0 million lower than budget. Savings in utilities, mostly portable water and
unused salary contingencies, resulted a budget saving of $0.5 million. Savings in utilities reflects
the City's movement to recycled water for parks maintenance.
• Parks and Community Services: $1.1 million lower than budget. Some of the budget savings
resulted from City Staff vacancies throughout part of the year, and services and supplies also
came in lower than budget across departments.
• Community Development: $1.2 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 development activities and with the timelines for
projects, and are routinely carried over to the next budget year until the projects are closed.
17
CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
The City's investment in capital assets for its governmental activities, as of June 30, 2017, amount to
$487 million (net of accumulated depreciation). These capital assets include 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 2016-17, the City's investment in capital assets increased by
approximately $26 million (5.5%), due to additions to construction in progress.
TABLE 6: SUMMARY OF INVESTMENT IN CAPITAL ASSETS
June 30, 2017 and 2016
Governmental Activities
June 30, 2017 June 30, 2016 $Change
Land 171,301,925 171,301,925
Streets Right of Way 35,908,389 35,425,288 483,101
Construction in Progress 84,412,375 50,777,385 33,634,990
Infrastructure 388,463,894 386,792,065 1,671,829
Buildings and Improvements 76,066,000 75,790,206 275,794
Machinery and Equipment 15,398,724 15,002,735 395,990
Subtotal 771,551,307 735,089,604 36,461,704
Less: Accumulated Depreciation (279,510,850) (268, 779 ,960) (10,730,890)
Total Net of Depreciation 492,040,457 466,309,644 25,730,815
% Change
0.0%
1.4%
66.2%
0.4%
0.4%
2.6%
5.0%
4.0%
5.5%
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 2016-17 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, 2017
PROJECT NAME ACTUAL STATUS FY 2016/17
GENERAL IMPROVEMENTS 1,922,766
Police Services Building 1,070,902 In Progress
IT Infrastructure Improvement 643,142 In Progress
Maintenance Yard Facility Improvements 139,069 In Progress
Civic Center Modification Design &Construction 69,653 In Progress
COMMUNITY IMPROVEMENTS 3,854
Sidewalk Safety Repair 3,854 In Progress
PARKS 26,113,810
Emerald Glen Park Recreation & Aquatic Complex 14,716,570 In Progress
Dublin Crossing Community Park 37,390 In Progress
Sean Diamond Park 703,580 In Progress
Library Expansion -Center for 21st Cnty 238,585 Complete
Shannon Center Parking Lot Improvements 19,730 In Progress
Fallon Sports Park Phase II 9,740,193 In Progress
Public Art -Emerald Glen Recreation 184,772 In Progress
Dublin Sports Ground Renovation 320,029 In Progress
Jordan Ranch Neighborhood Park 91,380 In Progress
Public Art -Fallon Sports Park 61,582 In Progress
STREETS 10,516,676
Tassajara Road Realignment and Design 107,733 In Progress
Annual Street Resurfacing 119,540 In Progress
Dublin Blvd Extension 207,600 In Progress
San Ramon Road Arterial Management 19,752 In Progress
Village Pkwy _Brighton Traffic Signal 176,163 Complete
St. Patrick Way-Regional St to Golden Gate Dr. 4,303 Complete
City Wide Bicycle & Pedestrian Improvements 11,691 In Progress
City Wide Storm Drain Condition 2,054 In Progress
Traffic Sign Inventory and Safety Review 52,419 In Progress
City Wide Signal Communitcation Upgrade 12,078 In Progress
City Irrigation Improvements 209 In Progress
Amador Plaza Road Bicycle and Pedestrian 155,861 In Progress
Dougherty Rd. Improve -Sierra Ln 6,867,624 In Progress
Dublin Blvd -Sierra Ct to Dublin 605,848 In Progress
Storm Drain Bypass San Ramon Rd 133,888 Complete
Storm Drain Trash Capture Project 67,931 In Progress
Annual St Overlay Prog 1,963,000 Complete
Dublin Ranch St Lght Pole Paint 8,984 Complete
TOTAL 38,557,105
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.
In FY 2013-14, the City also entered into a development agreement with Dublin Crossing Venture, LLC
(Developer) for the acquisition and development of a parcel of land. The City exercised its option to enter
into an interest-free loan of $5.4 million with the developer to finance the land acquisition. The loan
occurred in FY 2016-17 and shall be fully repaid in July 2021.
ECONOMIC FACTORS AND NEXT YEAR'S BUDGET
The City is currently preparing its budget for FY 2018-19, which is the first year in a two-year budget
cycle. Although property tax and development revenues have shown significant gains in the last two
years, Sales Tax is showing signs of flattening, and 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 IO-Year Forecast projects an operating deficit of $1.5 million
by FY 2022-23, which could grow to $4.3 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, 2017
GOVERNMENT-WIDE FINANCIAL STATEMENTS
STATEMENT OF NET POSITION
AND STATE:MENT OF ACTIVITIES
21
CITY OF DUBLIN
STATEMENT OF NET POSITION
JUNE 30, 2017
ASSETS
Current assets:
Cash and investments (Note 3)
Accounts receivable
Accrued interest receivable
Prepaids
Total current assets
Noncurrent assets:
Notes receivable (Note 5)
Net OPEB asset -City of Dublin (Note 1 lA)
Capital assets (non-depreciable) (Note 6):
Land
Streets right of way
Construction in progress
Capital assets (depreciable) (Note 6):
hrfrastructure
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 1 G)
Long-term debt (Note 7):
Due in one year
Total current liabilities
Noncurrent liabilities:
Claims payables (Note 12)
Compensated absence (Note 1 G)
Net OPEB obligation -Dublin Regional Fire Authority (Note l IB)
Net OPEB obligation -Alameda County Fire Department (Note 14)
Net pension liability-Due in more than one year (Note 10)
Long-term debt (Note 7):
Due in more than one year
Total noncurrent liabilities
Total Liabilities
22
Governmental
Activities
$233,658,380
7,853,624
676,732
224,109
242,412,845
15,032,783
1,172,913
171,301,925
35,908,389
84,412,375
388,463,894
76,066,000
15,398,724
(279 ,510, 850)
492,040,457
508,246,153
750,658,998
3,915,819
20,992,882
23,494
2,219,999
36,729
288,410
922,845
698,765
1,818,510
27,001,634
22,037
299,470
347,335
2,060,000
12,984,969
8,548,775
24,262,586
51,264,220
CITY OF DUBLIN
·STATEMENT OF NET POSITION (Continued)
JUNE 30, 2017
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
977,509
487,123,214
1,002,354
59,022,206
6,371,123
27,861,327
488,645
94,745,655
120,464,219
$702,333,088
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
End of year
CITY OF DUBLIN
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2017
Charges for
Expenses Services
$13,549,013 $5,402,925
17,080,942 322,231
13,687,195 1,426,973
18,351,543 3,386,621
11,193,876 2,950,625
864,697
14,249,950 9,334,477
$88,977,216 $22,823,852
See accompanying notes to :financial statements
24
ProB!am Revenues
Operating Capital
Grants and Contributions
Contributions and Grants
$7,522,592 $21,132,118
4,550
120,013 1,000
267,602
630
93,532
$8,008,289 $21,133,748
Total
Program
Revenues
$34,057,635
326,781
1,426,973
3,507,634
3,218,227
630
9,428,009
$51,965,889
Net (Expense)
Revenue and
Changes in
Net Position
Governmental
Activities
$20,508,622
(16,754,161)
(12,260,222)
(14,843,909)
(7,975,649)
(864,067)
(4,821,941)
(37,011,327)
36,964,785
1,416,721
21,186,333
6,834,545
66,402,384
1,626,798
1,745,021
(710,595)
69,063,608
32,052,281
670,280,807
$702,333,088
25
This Page Left Intentionally Blank
FUND FINANCIAL STATEMENTS
The funds described below were determined to be Major Funds by the City in Fiscal Year 2016-2017. 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)
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)
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, 2017
Special Revenue Fund
Affordable
General Housing
$112, 768,301 $12,189,214
6,205,961 500
676,732
13,733,147
15,032,783
159,616
14,742
$133,558,499 $27,222,497
$7,732,782 $17,360
23,494
2,152,144 11,808
288,410
922,845
11,119,675 29,168
23,162
23,162
198,878
1,762,000 27,193,329
36,213,714
50,126,807
34,114,263
122,415,662 27,193,329
$133,558,499 $27,222,497
General
Improvements
Projects
$39,118
$39,118
$39,118
39,118
$39,118
See accompanying notes to financial statements
28
Capital Projects Funds
Community
Improvements Parks
Projects Projects
$3,317 $2,923,959
$3,317 $2,923,959
$2,901,491
$3,317 22,468
3,317 2,923,959
$3,317 $2,923,959
Streets
Projects
$1,376,741
$1,376,741
$1,616,476
10,944
1,627,420
(250,679)
(250,679)
$1,376,741
Public
Facilities
Impact Fees
$27,589,463
$27,589,463
$487,258
11,047,500
11,534,758
16,054,705
16,054,705
$27,589,463
Capital Projects Funds
Fire
Impact
Fees
$136,474
$136,474
$54,795
54,795
81,679
81,679
$136,474
Traffic
Impact
Fees
$32,551,847
252,894
$32,804,741
$7,612,463
7,612,463
25,192,278
25,192,278
$32,804,741
29
Dublin
Crossing
Contribution
$13,624,505
$13,624,505
$25,569
25,569
13,598,936
13,598,936
$13,624,505
Other
Governmental
Funds
$14,293,225
1,385,773
$15,678,998
$466,426
30,478
2,557,366
3,054,270
14,246,431
(1,621,703)
12,624,728
$15,678,998
Total
Governmental
Funds
$217,496,164
7,845,128
676,732
13,733,147
15,032,783
159,616
14,742
$254,958,312
$20,928, 169
23,494
2,219,999
36,729
288,410
922,845
13,604,866
38,024,512
23,162
23,162
198,878
98,129,358
36,213,714
50,126,807
32,241,881
216,910,638
$254,95 8,312
CITY OF DUBLIN
Reconciliation of the
GOVERNMENTAL FUNDS --BALANCE SHEET
with the
STATEMENT OF NET POSITION
JUNE 30, 2017
Total fund balances reported on the governmental funds balance sheet
Amounts reported for Governmental Activities in the Statement ofN et 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 Governm~ntal 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
Accounts receivable
Prep aids
Capital assets
Accounts payable and accruals
Interfund balance
Capital lease
ACCRUAL OF NON-CURRENT REVENUES AND EXPENSES
$16,162,216
$8,496
209,367
46,018,664
(64,713)
(287,897)
(4,917,243)
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 of resources
Net OPEB asset -City ofDublin
Net OPEB obligation -Dublin Regional Fire Authority
Net OPEB obligation-Alameda County Fire Department
Compensated absences
Loan payable
Non-current portion of general liability claims
NET POSITION OF GOVERNMENTAL ACTNITIES
See accompanying notes to financial statements
30
(10,046,659)
1,172,913
(347,335)
(2,060,000)
(998,235)
(5,450,042)
(22,037)
$216,910,638
446,021,793
57,128,890
23,162'
(17,751,395)
$702,333,088
This Page Left Intentionally Blank
CITY OF DUBLIN
GOVERNMENTAL FUNDS
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2017
Special
Revenue Fund CaEital Projects Funds
General Community
Affordable Improvements Improvements Parks
General Housing Projects Projects Projects
REVENUES
Property taxes $36,964,784
Sales tax 20,001,379
Other taxes 6,834,545
Intergovernmental 258,509
Licenses and permits 7,770,259
Charges for service 10,174,420 $38,574
Interest (874,600) 125,923
Use of property 1,119,166 420,503
Fines and forfeitures 94,205
Developer fees 1,367,445
Other revenue 1,602,961
Special assessments
Total Revenues 83,945,628 1,952,445
EXPENDITURES
Current:
General Government 7,957,029 11,804
Police 17,073,275
Fire 13,092,409
Public works 11,620,147
Park and community services 8,812,595
Economic development 891,602
Community development 5,731,121 273,981
Capital outlay:
General improvements $1,922,766
Community improvements $3,854
Parks $26,113,810
Streets
Total Expenditures 65,178,178 285,785 1,922,766 3,854 26,113,810
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 18,767,450 1,666,660 (1,922, 766) (3,854) (26,113,810)
OTHER FINANCING SOURCES (USES)
Proceeds from loan payable
Transfers in (Note 4A) 6,600 1,922,766 3,854 26,113,810
Transfers (out) (Note 4A) {5,542,4141
Total Other Financing Sources (Uses) {5,535,8141 1,922,766 3,854 26,113,810
NET CHANGE IN FUND BALANCES 13,231,636 1,666,660
BEGINNING FUND BALANCES (DEFICIT) 109,184,026 25,526,669
ENDING FUND BALANCES (DEFICIT) $122,415,662 $27,193,329
See accompanying notes to financial 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
$36,964, 784
$1,184,953 21,186,332
6,834,545
9,094,352 9,352,861
7,770,259
3,972,774 14,185,768
$346,476 $267,057 $152,528 151,408 168,792
1,539,669
166,015 260,220
10,449,460 $167,349 6,498,584 971,262 19,454,100
99,290 22,629 1,724,880
1,416,721 1,416,721
10,795,936 167,349 6,765,641 251,818 16,980,114 120,858,931
4,997 554,118 3,893,967 12,421,915
110,578 17,183,853
349,830 13,442,239
70,203 1,743,633 13,433,983
40,376 81,747 8,934,718
891,602
5,560,701 86,932 11,652,735
1,922,766
3,854
26,113,810
$10,516,675 10,516,675
10,516,675 5,601,077 4,997 624,321 6,266,687 116,518,150
(10,516,675) 5,194,859 162,352 6,141,320 251,818 10,713,427 4,340,781
5,450,042 5,450,042
10,265,996 38,313,026
(20,753,1652 {756,4112 {1,045,434} {9,872,251} (37,969,675)
10,265,996 (15,303,1232 {756,4112 {l,045,434} {9,872,2512 5,793,393
(250,679) (10,108,264) 162,352 5,384,909 (793,616) 841,176 10,134,174
26,162,969 {80,6732 19,807,369 14,392,552 11,783,552 206,776,464
($250,679) $16,054,705 $81,679 $25,192,278 $13,598,936 $12,624,728 $216,910,638
33
CITY OF DUBLIN
Reconciliation of the
NET CHANGE IN FUND BALANCES -TOTAL GOVERNMENTAL FUNDS
with the
STATEMENT OF ACTMTIES
FOR THE YEAR ENDED JUNE 30, 2017
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
Depreciation expense is deducted from the fund balance. The amount excludes the
depreciation of $2,602,801 for Internal Service Funds
LONG-TERM DEBT PROCEEDS AND PAYMENTS
Debt proceeds provide current financial resources to governmental funds, but
issuing debt increases long-term liabilities in the Statement of Net Position.
Proceeds from capital lease are deducted from fund balance
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
ALLOCATION OF INTERNAL SERVICE FUND ACTMTY
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 Position -All Internal Service Funds
CHANGE IN NET POSITIONS OF GOVERNMENTAL ACTIVITIES
See accompanying notes to financial statements
34
$10, 134, 174
35,766,612
(8,189,475)
(5,450,042)
(9,526)
14,356
(677,688)
176,537
(20,754)
308,087
$32,052,281
CITY OF DUBLIN
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
Budgeted Amounts
Original Final
REVENUES
Property taxes $35,182,061 $36,087,937
Sales tax 20,666,260 20,666,260
Other taxes 5,465,000 5,865,000
Intergovernmental 198,618 198,618
Licenses and permits 4,533,124 6,033,124
Charges for services 9,166,381 10,143,384
Interest 465,880 840,880
Use of property 1,033,488 1,033,488
Fines and forfeitures 109,932 109,932
Other revenue 356,344 1,048,029
Total Revenues 77,177,088 82,026,652
EXPENDITURES
Current:
General government 8,378,223 9,169,315
Police 19,210,629 19,337,540
Fire 13,284,040 13,351,346
Public works 12,729,151 12,647,477
Park and community services 9,420,361 9,892,023
Economic development 1,039,350 1,317,193
Community development 6,012,962 6,976,496
Total Expenditures 70,074,716 72,691,390
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 7,102,372 9,335,262
OTHER FINANCING SOURCES (USES)
Transfers in (Note 4A)
Transfers (out) (Note 4A) (759,510) (9,074,188)
Total Other Financing Sources (Uses) (759,510) (9,074,188)
NET CHANGE IN FUND BALANCE $6,342,862 $261,074
BEGINNING FUND BALANCE
ENDING FUND BALANCE
See accompanying notes to financial statements
35
Actual Amounts
$36,964,784
20,001,379
6,834,545
258,509
7,770,259
10,174,420
(874,600)
1,119,166
94,205
1,602,961
83,945,628
7,957,029
17,073,275
13,092,409
11,620,147
8,812,595
891,602
5,731,121
65,178,178
18,767,450
6,600
(5,542,414)
(5,535,814)
13,231,636
109,184,026
$122,415,662
Variance with
Final Budget
Positive
(Negative)
$876,847
(664,881)
969,545
59,891
1,737,135
31,036
(1,715,480)
85,678
(15,727)
554,932
1,918,976
1,212,286
2,264,265
258,937
1,027,330
1,079,428
425,591
1,245,375
7,513,212
9,432,188
6,600
3,531,774
3,538,374
$12,970,562
CITY OF DUBLIN
AFFORDABLE HOUSING SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES JN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
Budgeted Amounts
Original Final Actual Amounts
REVENUES:
Interest
Loan repayment
Charges for services
Developer fees
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
ENDING FUND BALANCE
$47,840 $47,840
30,586 30,586
815,096 815,096
893,522 893,522
80,436 80,436
584,392 1,497,125
664,828 1,577,561
228,694 (684,039)
6,600 6,600
6,600 6,600
$235,294 ($677,439~
See accompanying notes to financial statements
36
$125,923
420,503
38,574
1,367,445
1,952,445
11,804
273,981
285,785
1,666,660
1,666,660
25,526,669
$27,193,329
Variance with
Final Budget
Positive
(Negative)
$78,083
420,503
7,988
552,349
1,058,923
68,632
1,223,144
1,291,776
2,350,699
(6,600)
(6,600)
$2,344,099
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)
Accounts receivable
Prepaids
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, 2017
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
$16,162,216
8,496
209,367
16,380,079
10,774,792
4,084,187
63,094,195
6,762,444
(38,696,954)
46,018,664
62,398,743
64,713
128,281
455,999
648,993
4,461,244
159,616
5,269,853
41,101,421
16,027,469
$57,128,890
CITY OF DUBLIN
PROPRIETARY FUNDS
STATEMENT OF REVENUE, EXPENSES
AND CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2017
OPERATJNG REVENUES
Charges for services
Interest
Other revenue
Total Operating Revenues
OPERATJNG EXPENSES
Supplies and services
OPEB expenses
Depreciation
Interest and fiscal charges
Total Operating Expenses
Operating Loss
NONOPERATJNG REVENUES (EXPENSES)
Interest income
Gain (loss) from sales of property
Total Nonoperating Revenues
Loss Before Transfers
Transfer in (Note 4A)
Transfer out (Note 4A)
Change in net position
Net Position-Beginning of year
Net Position-Ending _o~year
See accompanying notes to financial statements
39
Governmental
Activities-
Intemal Service
Funds
$5,656,655
913
661,466
6,319,034
898,826
2,184,548
2,602,801
136,867
5,823,042
495,992
169,653
(14,207)
155,446
651,438
300,000
(643,351)
308,087
56,820,803
$57,128,890
CITY OF DUBLIN
PROPRIETARY FUNDS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2017
CASH FLOWS FROM OPERATING ACTMTIES
Receipts from other funds
Payments to suppliers and service providers
Interest
Other revenues
Net cash flows from operating activities
CASH FLOWS FROM NONCAPITAL
FINANCING ACTMTIES
Payments from other funds
Payments to other funds
Cash Flows from Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTMTIES
Interest paid on capital lease
Capital lease repayment
Purchase of capital assets
Cash Flows from Capital and Related Financing Activities
CASH FLOWS FROM INVESTING ACTMTIES
Interest 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
Prep aids
Accounts payable and accruals
Net cash flows from operating activities
See accompanying notes to financial statements
40
Governmental
Activities-
Intemal Service
Funds
$5,648,159
(3,399,983)
913
661,466
2,910,555
428,281
(1,063,612)
(635,331)
(136,867)
(429,109)
(770,684)
(1,336,660)
169,653
169,653
1,108,217
15,053,999
$16,162,216
$495,992
2,602,801
136,867
(8,496)
(43,954)
(272,655)
$2,910,555
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, 2017
ASSETS
Cash and investments (Note 3)
Accounts receivable
Total Assets
LIABILITIES
Accounts payable
Due to trustee
Due to bondholders
Total Liabilities
See accompanying notes to financial statements
42
Agency
Fund
$6,966,065
10,623
$6,976,688
$82,023
6,885,980
8,685
$6,976,688
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 1 -SUMlVIARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial 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 financial 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 TriV alley
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, 2017 was 59,686. 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 #153 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, 2017, the City's staff was comprised of 84
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
139.95 contract employees provide a variety of municipal services from City facilities. As of June 30, 2017,
the City had approximately 221 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 financial 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 pre_sents 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, 2017
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 fmancial 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 finaneial 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, 2017
I NOTE 1 -SUl\'.IMARY 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 ~d 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
of results 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, 2017
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 fo! 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, 2017
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 IO 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 fmancial 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, 2017:
Compensated
General Leave Leave Total
Beginning Balance $968,807 $19,902 $988,709
Additions 984,779 20,230 1,005,009
Payments (971,669) (23,814) (995,483)
Ending Balance $981,917 $16,318 $998,235
Current Portion $687,342 $11,423 $698,765
47
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I 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 Capital Assets
Contributed capital assets are valued at their estimated fair market value on the date contributed. Donated
capital assets, donated works of art and similar items, and capital assets received in a service concession
arrangement are recorded at acquisition value. All other capital assets are valued at historical cost or
estimated historical cost if actual historical cost is not available.
J. 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.
K. NewFunds
In fiscal year 2016-2017, the City created the following new fund:
The Measure BB Grants -Established to account for Alameda County Transportation Commission (ACTC)
discretionary funding (versus direct funding) from 2014 voter-approved increase in sales tax used for
improvements on bike and pedestrian projects."
L. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position or balance sheet report is a separate section for
deferred outflows of resources. This separate financial 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 financial statement element, deferred inflows 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, 2017
I NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
M. 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.
N. 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, 2017.
GASB Statement No. 73 -In June 2015, GASB issued Statement 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. The provisions in statement 73 are
effective for fiscal years beginning after June 15, 2015-except those provisions that address employers and
governmental nonemployer contributing entities for pensions that are not within the scope of Statement 68,
which are effective for fiscal years beginning after June 15, 2016. This statement had no impact on the
City's financial statements.
GASB Statement No. 74 -In June 2015, GASB issued Statement No. 74, Financial Reporting for
Postemployment Benefit Plans Other Than Pension Plans. Statement No. 74 replaces Statements No. 43,
Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, as amended, and No. 57,
OPEB Measurements by Agent Employers and Agent Multiple-Employer Plans. It also includes
requirements for defined contribution OPEB plans that replace the requirements for those OPEB plans in
Statement No. 25, Financial Reporting for Defined Benefit Pension Plans and Note Disclosures for Defined
Contribution Plans, as amended, statement 43, and statement No. 50, Pension Disclosures. The provisions
in statement 74 are effective for fiscal years beginning after June 15, 2016. This statement had no impact
on the City's financial statements.
GASB Statement No. 77 -In August 2015, GASB issued Statement No. 77, Tax Abatement Disclosures.
The objective of this statement is to provide financial statement users with essential information about the
nature and magnitude of the reduction in tax revenues through tax abatement programs. This statement is
effective for reporting periods beginning after December 15, 2015. See Note 15 for tax abatement
disclosure.
49
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 1 -SUM1\1ARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
GASB Statement No. 78 -In December 2015, the GASB issued Statement No. 78, Pensions Provided
through Certain Multiple-Employer Defined Benefit Pension Plans. The objective of this Statement is to
address a practice issue regarding the scope and applicability of GASB Statement No. 68, Accounting and
Financial Reporting for Pensions-an amendment to GASB Statement No. 27. This issue is associated with
pensions provided through certain multiple-employer defined benefit pension plans and to State or local
governmental employers who employees are provided with such pensions. The requirements of this
Statement are effective for reporting periods beginning after December 15, 2015. This Statement had no
impact on the City's fmancial statements.
GASB Statement No. 80-In January 2016, the GASB issued Statement No. 80, Blending Requirements for
Certain Component Unit-an amendment to GASB Statement No. 14. The objective of this Statement is to
improve financial reporting by clarifying the financial statement presentation requirements for certain
component units. This Statement amends the blending requirements established in paragraph 53 of GASB
Statement No. 14, The Financial Reporting Entity. 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 GASB Statement No. 39, Determining Whether Certain
Organizations Are Component Units -an amendment to GASB Statement No. 14. The requirements of this
Statement are effective for reporting periods beginning after June 15, 2016 and had no impact on the City's
fmancial statements.
GASB Statement No. 82 -In March 2016, the GASB issued Statement No. 82, 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 GASB Statement No. 67, Financial Reporting for
Pension Plans-an amendment to GASB Statement No .. 25, GASB Statement No. 68, Accounting and
Financial Reporting for Pensions-an amendment to GASB Statement No. 27, and GASB Statement 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. The
requirements of this Statement are effective for reporting periods beginning after June 15, 2016, except for
the requirements of this Statement for the selection of assumptions in a circumstance in which an
employer's pension liability is measured as of a date other than the employer's most recent fiscal year end.
In that circumstance, the requirements for the selection of assumptions are effective for that employer in the
first reporting period in which the measurement date of the pension liability is on or after June 15, 2017.
This statement had no significant impact on the City's financial statements.
50
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
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 I, 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.
The following Major Capital Projects Fund incurred expenditures in excess of their budgets in the amount
below. Sufficient resources were available within each department to finance these overages.
Capital Projects Fund
Public Facilities Impact Fees
Community Development
51
$5,560,701
CITY OF DUBLlN
NOTES TO BASIC FlNANCIAL STATEMENTS
Fiscal Year Ended .June 30, 2017
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.
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 for that fiscal year.
B. Classification
Cash and investments are classified in the fmancial 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, 2017, consist of the following:
Cashon hand
Deposits with financial institutions
Investments
Total cash and investments
52
$233,658,380
6,966,066
$240,624,446
$7,126
10,211,568
230,405,752
$240,624,446
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 3 -CASH AND INVESTMENTS (Continued) I
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.
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 Maximum Maximum
Maximum Credit Percentage Investment
Authoriz.ed Investment Type Maturity Quality of Portfolio In One Issuer
Negotiable Certificates ofDeposit 5years A-1 30% 20%
Bankers 1 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 As set Management Program NIA NIA No Limit No Limit
Conunercial 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.
53
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 3 -CASH AND INVESTMENTS (Continued) I
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
12 Months
or less
$296,289
6,175,781
17,979,022
40,031,730
32,938,030
2,934,423
436,923
13 to 24
Months
$4,108,333
3,754,405
6,862,605
6,251,240
25 to 60
Months
$5,949,060
45,523,287
22,200,809
34,963,815
$100,792,198 $20,976,583 $108,636,971
Total
$10,353,682
49,277,692
35,239,195
59,194,077
40,031,730
32,938,030
2,934,423
436,923
$230,405,752
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, 2017, these investments
matured in an average of 194 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,
2017, the fair value approximated is the City's cost. At June 30, 2017, these investments have an average
maturity of 49 days.
The City's investments include Asset-Backed Securities in the amount of $10,353,682 that are highly
sensitive to interest rate fluctuations to a greater degree than already indicated above.
54
CITY OF DUBLJN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 3 -CASH AND INVESTMENTS (Continued) I
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.
The following is a summary of the fair value hierarchy of the fair value of investments of the City as of
June 30, 2017:
Investments By Fair Value Level:
Asset-Backed Securities
U.S. Treasury Notes
Medium-Term Notes
U.S. Government Agency Securities
Commercial Pap er
Total Investments
Jnves tments Measured at Amortized Cost:
California Asset Management Program
Local Agency Investment Fund
Money Market Funds
Total
Level2
$10,353,682
49,277,692
35,239,195
59,194,077
2,934,423
$156,999,069
Total
$10,353,682
49,277,692
35,239,195
59,194,077
2,934,423
156,999,069
32,938,030
40,031,730
436,923
$230,405, 752
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 (LAIF), California Asset
Management Program and money market funds are classified as exempt in the fair value hierarchy, as
they are valued at amortized cost, which is exempt from being classified under GASB 72. 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.
55
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 3 -CASH AND INVESTMENTS (Continued) I
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, 2017 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, 2017.
Investment TyEe AAA AA+ AA AA-A+ A A-A-1 Total
Asset-Backed Securities $4,482,609 $4,482,609
U.S. Treasuiy Notes $49,277,692 49,277,692
Medium-Term Notes 1,810,092 3,555,459 $1,004,814 $7,709,588 $6,592,849 $12,760,809 $1,805,584 35,239,195
U.S. Government Agency Securities 59,194,077 59,194,077
California Asset Management Program 32,938,030 32,938,030
Commercial Paper $2,934,423 2,934,423
Money Mlllket Funds 436,923 436,923
Totals $39,667,654 $112,027,228 $1,004,814 $7,709,588 $6,592,849 $12,760,809 $1,805,584 $2,934,423 184,502,949
Not rated:
Asset-Backed Securities 5,871,073
State Local Agency Investment Fund 40,031,730
Total Investments $230,405,752
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
Unit
Fntity-wide
Issuer
Federal Home Loan Bank
Federal Home Loan Mortgage Coiporation
Federal National Mortgage Association
56
Investment Type
US ilivernment Agency Securities
US ilivernment Agency Securities
US ilivernment Agency Securities
Reported
Amount
$18,648,535
15,404,734
25,140,808
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 4 -INTERFUND TRANSACTIONS
A. Transfers Between Funds
Transfers between funds during the fiscal year ended June 30, 2017 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:
Information Technology Internal Service Fund
Energy Efficiency Internal Service Fund
(A) To fund capital project expenditures
Fund Receiving Transfers
General Improvements Projects Capital Projects Fund
Community Improvements Projects Capital Projects Fund
Parks Projects Capital Projects Fund
Streets Projects Capital Projects Fund
Building Replacement Internal Service Fund
. Parks Projects Capital Projects Fund
Streets Projects Capital Projects Fund
General Improvements Projects Capital Projects Fund
General Fund
Streets Projects Capital Projects Fund
Parks Projects Capital Projects Fund
General Improvements Projects Capital Projects Fund
General Improvement Projects Capital Projects Fund
Streets Projects Capital Projects Fund
(B) To fund the Building Replacement Internal Service Fund
B. Current Interfund Balances
Amount
Transferred
$169,564 (A)
3,854 (A)
4,794,262 (A)
274,734 (A)
300,000 (B)
5,542,414
20,753,165 (A)
756,411 (A)
1,045,434 (A)
22,555,010
6,600 (A)
9,234,642 (A)
566,383 (A)
64,626 (A)
9,872,251
643,142 (A)
209 (A)
643,351
$38,613,026
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, 2017, the following funds have balances due to the General Fund:
Due to other funds
Public Facilities Impact Fees Capital Projects Fund
Non-Major Governmental Funds
Internal Service Funds
Total
57
$11,047,500
2,557,366
128,281
$13,733,147
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
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 fmancing 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. As of June 30, 2017, the Fire Impact Fees Capital Projects Fund has
repaid the General Fund in full.
The following interfund balances existed at June 30, 2017:
Advances from other funds General Fund
PERS Side Fund Internal Service Fund $159,616
INOTE5-NOTESRECEIVABLE
The following table summarizes the notes receivable outstanding as of June 30, 2017:
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
$1,520,630
2,832,487
2,863,323
1,499,471
6,316,872
$15,032,783
Revolving Home Loans -As part of the City of Dublin First Time Homebuyer Loan Program (FTHLP), the
City provides fmancial 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, 2017 was $1,520,630. As
of June 30, 2017, there were no loans in default.
58
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 5 -NOTES RECEIVABLE (Continued)
Details of the Revolving Home Loans as of June 30, 2017 were as follows:
ORIGINAL LOAN ACCRUED REP AYMFNT OFPRINCIP AL
LOAN# LOAN DATE AMOUNT INTEREST AND INTEREST LOAN BALANCE
#07-03 3/30/2007 $60,039 $19,977 ($80,016)
#07-04 10/31/2007 50,000 16,921 $66,921
#07-09 9/21/2007 26,036 8,969 35,005
#07-11 10/12/2007 38,141 12,981 51,122
#07-12 10/8/2007 33,051 11,997 45,048
#07-14 10/2/2007 19,610 6,692 26,302
#07-15 12/4/2007 24,536 8,224 32,760
#07-16 12/28/2007 8,000 2,663 10,663
#07-18 2/29/2008 24,170 7,898 32,068
#08-01 8/19/2008 25,377 7,780 (33,157)
#08-05 2/3/2009 22,619 6,664 29,283
#08-06 2/11/2009 55,404 16,253 71,657
#08-07 4/10/2009 27,425 7,896 35,321
#08-08 6/30/2009 39,576 11,086 50,662
#09-02 9/29/2009 36,595 9,932 46,527
#10-02 1/26/2011 40,000 9,004 49,004
#10-03 5/6/2011 26,700 5,752 32,452
#11-01 12/9/2011 26,025 5,080 31,105
#11-03 11/2212011 30,839 6,052 36,891
#11-04 12/28/2011 35,249 6,795 42,044
#11-05 1/13/2012 29,999 5,737 35,736
#11-06 1/13/2012 36,415 6,964 43,379
#11-07 1/19/2012 36,682 6,994 43,676
#11-08 1/31/2012 35,249 6,680 41,929
#11-09 2/15/2012 36,671 6,897 43,568
#11-10 4/3/2012 38,586 7,083 45,669
#12-01 10/30/2012 29,999 4,903 34,902
#12-02 1/31/2013 40,000 6,181 46,181
#12-03 3/22/2013 36,749 5,502 42,251
#12-04 4/12/2013 36,749 5,428 42,177
#12-05 4/25/2013 35,249 5,159 40,408
#12-06 4/26/2013 31,499 4,469 35,968
#12-07 5/15/2013 35,249 5,095 40,344
#12-08 5/10/2013 35,249 5,112 40,361
#12-09 4/25/2013 36,749 5,382 42,131
#13-01 7/31/2013 40,000 5,486 45,486
#13-03 10/2/2013 40,000 5,245 45,245
#13-04 12/9/2013 40,000 4,984 44,984
#13-05 3/11/2014 36,888 3,152 (40,040)
#15-01 7/1/2016 40,000 1,400 41,400
$1,377,374 $296,469 ($153,213) $1,520,630
59
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 5 -NOTES RECEIVABLE (Continued)
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 principa.l 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, 2017 was $2,832,487.
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 financing 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 financing 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 financing 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 final certificate of occupancy or (ii) the fifty-seventh anniversary of the loan origination date. The
City has the right to accelerate maturity date and declarerall 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, 2017, the
outstanding amounts are $2,863,323 for the Family Project and $1,499,471 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, 2017, the outstanding amount of the loan was $6,316,872.
60
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
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.
61
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 6 -CAPITAL ASSETS (Continued)
A. Current Year Activities
Capital asset activities during the fiscal year were as follows:
Balance at Balance at
Jlllle 30, 2016 Additions Retirements Transfers Jlllle 30, 2017
Governmental activities
Capital assets not being depreciated:
Land $171,301,925 $171,301,925
Streets Right of Way 35,425,288 $483,101 35,908,389
Construction in Progress 50,777,385 $36,065,714 (2,430, 724) 84,412,375
Total capital assets not being depreciated 257,504,598 36,065,714 (1,947,623) 291,622,689
Capital assets being depreciated:
Infrastructure 386,792,065 1,671,829 388,463,894
Buildings and Improvements 75,790,206 275,794 76,066,000
Vehicles and Equipment 15,002,735 472,023 ($76,034) 15,398,724
Total capital assets being depreciated 477,585,006 472,023 (76,034) 1,947,623 479,928,618
Less accumulated depreciation for:
Infrastructure (226,196,233) (7,207,056) (233,403,289)
Buildings and Improvements (37,617,015) (2,682,931) ( 40,2~9 ,946)
Vehicles and Equipment ( 4,966, 712) (902,289) 61,386 (5,807,615)
Total Accumulated Depreciation (268, 779,960) (10,792,276) 61,386 (479,510,850)
Net governmental fim.d program
Capital assets being depreciated 208,805,046 (10,320,253) (14,648) 1,947,623 200,417,768
Governmental activity capital assets, net $466,3 09 ,644 $25,745,461 ($14,648) $492,040,457
62
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 6 -CAPITAL ASSETS (Continued)
B. Project Commitments
At June 30, 2017, the City had outstanding commitments with contractors for the following projects:
Project
Facility Construction
Facility Modification
Park Construction
Park hnprovements
Street Improvements
Street Repair/Maintenance
Street Signal Improvements
Technology Upgrade
C. Capital Asset Contributions
Commitment
$1,059,999
426,018
6,094,543
248,~36
10,188,919
934,111
79,244
61,396
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:
I NOTE 7 -LONG TERM DEBT
Governmental Activities
General Government
Police
Fire
Public Works
Parks and Corrnnunity Service
Corrnnunity Development
Total depreciation expense
A. Current Year Transactions and Balances
Balance at
July 1, 2016 Additions
GOVERNMENTALACTMTYDEBT
2012 Chevron Energy Capital Lease $5,346,352
Dublin Crossing Loan Payable $5,450,042
Total Govermrental Activity Debt $5,346,352 $5,450,042
63
$1,368,766
297,648
413,284
5,733,762
2,839,390
139,426
$10,792,276
Balance at Due Within
Retiremmts June 30, 2017 One Year
($429,109) $4,917,243 $455,999
5,450,042 1,362,511
($429,109) $10,367,285 $1,818,510
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 7 -LONG TERM DEBT (Continued)
B. 2012 Chevron Energy Capital Lease
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 $565,977 per year. The City anticipates that energy
savings and incentives are projected to fully offset these costs.
C Dublin Crossing Loan Payable
As discussed in Note 14C, the City entered into several agreements with various developers and merchant
builders who are developing numerous residential and commercial projects throughout the City. On
November 19th, 2013, the City entered into one of these agreements with Dublin Crossing Venture LLC
(Developer), for the acquisition and development of a parcel of land. The City acquired the land and
subsequently conveyed it to the Developer on March 23, 2017. Included in the development plan are
residential units, commercial uses, a community park, a neighborhood park, privately owned open space,
and an elementary school site. The City exercised its option to enter into an interest-free loan with the
Developer to fmance the land acquisition. The purchase price, $5,450,042, is due in four annual installment
payments. Installment payments will commence July 2018 and shall be fully repaid in July 2021.
64
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 7 -LONG TERM DEBT (Continued)
D. Debt Service Requirements
The annual debt service requirement on the capital lease obligation is as follows:
Governmental Activities: Capital Lease
Year ending June 30 Principal Interest
2018 $455,999 $125,881
2019 396,728 114,208
2020 424,629 104,052
2021 453,889 93,181
2022 484,565 81,562
2023-2027 2,701,433 213,243
Total $4,917,243 $732,127
The annual debt service requirement on the loan payable is as follows:
Governmental Activities: Dublin Crossing Loan Payable
Year ending June 30 Principal
2018 $1,362,511
2019 1,362,511
2020 1,362,510
2021 1,362,510
Total $5,450,042
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 Government-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.
65
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
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.
Assign,ed 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 $3,860,531 associated equivalent to the unrealized loss on investments and a positive
$36,192,125 based on goals to accommodate general cash flow.
66
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 8 -NET POSITION AND FUND BALANCES (Continued)
Detailed classifications of the City's Fund Balances, as of June 30, 2017, are stated below:
MnjorFunds
Affordable Street Public Facilities Fire Impact Traffic Impact Dublin
General Housing Projects Impac!Fees Fees Fees Crossing Non-Major
Fund Fund Fund Fund Fund Fund Contribution Funds Tola!
Non-Spendable:
Prepaids $39,262 $39,262
Long-Tenn Advance lo PERS Side Fund 159,616 159,616
Subtotal Non-Spendable Fund Balance 198,878 198,878
Restricted for:
Cemelecy Endowment 60,000 60,000
Public Safety Programs $1,002,352 1,002,352
Street Maintenance and Construction 7,939,328 7,939,328
Health and Welfare Programs 498,870 498,870
Heritage Parle Maintenance 750,000 750,000
Recycling Programs 711,272 711,272
Impact Fee Capital Projects $16,054,705 $81,679 $25,192,278 41,328,662
Capital Improvement Projects $13,598,936 4,094,609 17,693,545
Developer Contribution -Heritage Park 19,000 19,000
Developer Contribution -Nature Park 60,000 60,000
Downtown Co1mnunity Benefit Program 873,000 873,000
Housing $27,193,329 27,193,329
Subtotal Restricted Fund Balance 1,762,000 27,193,329 16,054,705 81,679 25,192,278 13,598,936 14,246,431 98,129,358
Committed to:
Economic Stability 8,000,000 8,000,000
Downtown Public Improvements 452,170 452,170
Emergency Conununicalions 741,000 741,000
Fire Services OPEB 3,334,672 3,334,672
Innovations and New Opportunities 1,813,408 1,813,408
Maintenance Facility 76,033 76,033
Civic Center Expansion 22,745 22,745
Historic Park Schaefer Ranch 5,272,210 5,272,210
One Time Initiatives 1,341,408 1,341,408
Shannon Center Parking Lot 967,680 967,680
Advance to Public Facility Fee 6,000,000 6,000,000
Fallon Sports Parle 200,000 200,000
Stom1 Drain Capture 722,198 722,198
Utility Undergrounding 1,170,190 1,170,190
Dublin Sports Ground 2,500,000 2,500,000
Economic Development 2,000,000 2,000,000
Public Safely 1,600,000 1,600,000
Subtotal Committed Fund Bnlnnce 36,213,714 36,213,714
Assigned to:
Non-slreet CIP 3,879,516 3,879,516
Employees Accrued Leave 998,234 998,234
Operating Carcyovers 1,240,217 1,240,217
CIP Carcyovers 1,739,331 1,739,331
Catastrophic Loss and Rccovecy 13,918,531 13,918,531
Service Conlinuily Obligations 3,150,000 3,150,000
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
Internal Service Fund 500,000 500,000
Municipal Regional Pemut 1,870,030 1,870,030
HVAC Replacement 2,000,000 2,000,000
Relocate Patlcs 250,000 250,000
Fire Equipment Replacement 190,873 190,873
Pension Rale Stabilization 2,000,000 2,000,000
Chevron Debt Pay-off 5,238,622 5,238,622
Commercial Fa9ade Improvement Grant 250,000 250,000
Subtotal Assigned Fund Balance 50,126,807 50,126,807
Unassigned Fund Balance
Fund Balance Deficits ($250,679) (1,621,703) (1,872,382)
Unrealized Gain on lnveslmenls/(loss) (3,860,531) (3,860,531)
Cash Flow Per City Policy 37,974,794 37,974,794
34,114,263 (250,679) (1,621,703) 32,241,881
Total Fund Balance (Deficit) $122,415,662 $27,193,329 ($250,679) $16,054,705 $81,679 $25,192,278 $13,598,936 $12,624, 728 $216,910,638
67
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 8 -NET POSITION AND FUND BALANCES (Continued) I
C. 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 3 0, 2017 the cash flow reserves, which are part of the Unassigned Fund
Balance, were above the minimum at approximately 5.6 months, which were over 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.
D. Fund Equity Deficits
The funds listed in the table below had fund balance deficits at June 30, 2017. These deficits are expected
to be eliminated by future revenues.
Fund
Streets Capital Projects Fund
Measure B Grants Special Revenue Fund
Measure BB Grants Special Revenue Fund
Transportation for Clean Air (TFCA) Special Revenue Fund
HCD Housing Related Parks Grant Special Revenue Fund
PERS Side Fund Internal Service Fund
Energy Efficiency Internal Service Fund
!NOTE 9-DEFERRED COMPENSATION PLAN I
Fund
Deficit
$250,679
180,835
1,367,617
19,752
53,499
159,616
4,711,885
City employees may defer a portion of their compensation under a City sponsored deferred compensation
plan created in accordance with Internal Revenue Code Section 457. Under this plan, participants are not
taxed on the deferred portion of their compensation until it is distributed to them; distributions may be made
only at termination of employment, retirement, death, or in an emergency as defined by the Plan. In
accordance with GASB 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 pensim1 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.
68
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
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, 2017:
Miscellaneous
Deferred
Outflows
ofResources
$3,915,819
Net Pension
Liability/
Proportionate
Share ofNet
Pension Liability
$12,984,969
Deferred
Inflows
of Resources
$977,509
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 of
living 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, 2017, are summarized as follows:
Hire date
Benefit fornmla
Benefit vesting schedule
Benefit payments
Retirement age
Monthly benefits, as a% of eligible compensation
Required employee contribution rates
Required employer contribution rates
69
Miscellaneous
Prior to
Januruy 1, 2013
2.7%@55
5 years service
monthly for life
55
2.7%
7.949%
11.634%
Miscellaneous
PEP RA
On or after
January 1, 2013
2%@62
5 years service
monthly for life
62
2%
6.250%
6.555%
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
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 $553,902 in fiscal year 2017.
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, 2017, the City's contributions to the Plan were as follows:
Contributions -employer
Miscellaneous
$1,738,634
B. Pension Liabilities, Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions
As of June 30, 2017, the City reported $12,948,969 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, 2016, 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, 2015 rolled forward to June 30, 2016 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, 2015 and 2016 was as
follows:
Proportion -June 30, 2015
Proportion -June 30, 2016
Change -Increase (Decrease)
70
Miscellaneous
0.36999%
0.37379%
0.00380%
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 10 -PENSION PLAN (Continued)
For the year ended June 30, 20I 7, the City recognized net pension expense of $677,688 for the
Miscellaneous Plan on the Statement of Activities. At June 30, 20I 7, the City reported deferred outflows of
resources and deferred inflows of resources related to pensions from the following sources:
Pension contributions 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 contributions
Net differences between projected and actual earnings
on plan investments
Total
Deferred Outflows
of Resources
$1,738,634
29,746
682,698
1,464,741
$3,915,819
Deferred Inflows
of Resources
($6,816)
(281,428)
(689,265)
($977,509)
The $I,738,634 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 3 0,
20 I 7. 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
2018 $168,416
2019 137,356
2020 514,519
2021 379,385
$1,199,676
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 I-percentage point
higher than the current rate:
1% Decrease
Net Pension Liability
Current Discount Rate
Net Pension Liability
1% Increase
Net Pension Liability
71
Miscellaneous
6.65%
$20,053,486
7.65%
$12,984,969
8.65%
$7,143,191
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 10 -PENSION PLAN (Continued)
Actuarial Assumptions -For the measurement period ended June 30, 2016, the total pension liabilities
were determined by rolling forward the June 30, 2015 total pension liability. The June 30, 2015 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, 2015
June 30, 2016
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 CalPERS 2014 experience study report available on CalPERS website.
All other actuarial assumptions used in the June 30, 2016 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 -There were no changes of assumptions in fiscal year 2016-2017.
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.
72
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
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 Equity 51.0% 5.25%
Global Fixed Income 20.0% 0.99%
Inflation Sensitive 6.0% 0.45%
Private Equity 10.0% 6.83%
Real Estate 10.0% 4.50%
Infrastructure and Forestland 2.0% 4.50%
Liquidity 1.0% -0.55%
Total 100%
(a) An expected inflation of2.5% used for these periods.·
(b) An expected inflation of3.0% used for these periods.
Real Return
Years ll+(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.
73
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
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 accotint 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 Hea/,th 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, 2015
Actuarial Study completed by Bartel and Associates, LLC in accordance with GASB Statement 45,
Accounting and Financial Reporting for Postemployment Benefits Other than Pensions.
74
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
!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 accordanct:: 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 asset-beginning ofyear
Net OPEB asset-end ofyear
$1,346,000
1,346,000
(1,522,53 7)
(176,537)
996,376
$1,172,913
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 2016-17, and the preceding years were as follows:
Fiscal Annual AnnualOPEB NetOPEB
Year Ended OPEBCost Cost Contributed Asset (Obligation)
6/30/2015 $1,350,000 97% ($4,647)
6/30/2016 1,344,000 174% 996,376
6/30/2017 1,346,000 113% 1,172,913
Funded Status and Funding Progress -As of June 30, 2016, 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.
75
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
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, 2017of13 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 Premiwns Actual Premiums
2016 Actual Premiwns Actual Premiums
2017 7.0% 7.2%
2018 6.5% 6.7%
2019 6.0% 6.1%
t ... +
2021+ 5.0% 5.0%
76
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 11-OTHER POST EMPLOYMENT BENEFITS (Continued) I
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 DRF A 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 DRF A 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 2016-2017, the City contributed $42,587 to the plan, all of which was for current premiums.
No other contributions were made.
Annual OP EB Cost and Net OP EB Obligation -The City of Dublin's share of the DRF A 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.
77
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 11-OTHER POST EMPLOYMENT BENEFITS (Continued)
The following table shows the components of the City of Dublin's share of DRFA annual OPEB cost for
the year, the amount actually contributed to the plan and changes in the Dublin Share of DRF A net OPEB
and the City of Dublin share of the obligation to DRFA 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 ofyear
Net OPEB obligation -end of year
$85,974
12,165
(34,798)
63,341
(42,587)
20,754
326,581
$347,335
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 2016-2017 and the two previous years
were as follows:
Fiscal Annual AnnualOPEB OPEB
Year Ended OPEB Cost Cost Contributed Obligation
6/30/2015 $53,853 80.32% $315,269
6/30/2016 54,217 79.14% 326,581
6/30/2017 63,341 67.74% 347,335
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.
78
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
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.
jNOTE 12-HEALTH, GENERAL LIABILITY AND WORKERS' COMPENSATION COVERAGE
A. RiskPool
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.
79
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
NOTE 12 -HEALTH, GENERAL LIABILITY AND WORKERS' COMPENSATION COVERAGE
(Continued)
ABAG PLAN also provides property insurance coverage. This coverage is also comprised of a self-insured
layer combined with commercial insurance. The first $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 Safety National
Casualty 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, 2017, the City paid
Cities Group $5,315 in premiums.
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, $22,027, is adequate to cover 3.09% IBNR
claims. Therefore no adjustment was made in fiscal year 2016-2017 as the City's exposure is for the
$50,000 deductible per General Liability claim.
80
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 13 -JOINT POWERS AGREEl\'.IENTS 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
2016-2017 the City contributed $34,037 of the total annual debt service payment. In addition, the City
contributed $184,841 or 12.94% toward the annual operating shelter services and $56,527 representing
3.56% 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 fmancial statements are not
issued.
B. Associated Community Action Program (A.CAP)
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 fmancial 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.
81
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 13 -JOINT POWERS AGREEMENTS (Continued)
During fiscal year 2016-2017 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 2016-2017, 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 3 0, 2017 for ACAP is presented below:
Total assets
Total liabilities
Total net assets
Total revenues
Total expenses
Increase (decrease) net position
$159,223
888,302
($729,079)
$224
27,923
($27,699)
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 fmally adjudicated will not have a material adverse effect on the fmancial 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, 2017, was $3,178,820 which is net
of the $383,223 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.
82
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
I NOTE 14 -OTHER COMMITMENTS AND CONTINGENT LIABILITIES (Continued)
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, 2017, the balance was $15,025 which includes accrued interest of $15,025 at 0.92% for the current
year. 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.
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, 2017 was $122,458,756. The addition of
$27,733,413 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 $30,207,958.
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 $6.487
million towards the liability that was then moved to a General Fund Reserve, which was reclassified as an
as$igned fund balance upon the Cit.Y'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.
83
CITY OF DUBLIN
NOTES TO BASIC FINANCIAL STATEMENTS
Fiscal Year Ended June 30, 2017
!NOTE 15-TAXABATEMENTS
The City has entered into multiple sales tax reimbursement agreements for the purpose of attracting new
businesses within the City through the construction and improvement of property sites. The City is
expected to make annual reimbursement payments over a five (5) to ten (10) year period in which the
amount of each reimbursement payment commitment is based on total sales tax received and derived using
formulas in the approved agreements.
For financial reporting purposes, the GASB Statement No. 77 defines a tax abatement as resulting from an
agreement between a government and an individual or entity in which the government promises to forgo tax
revenues and the individual or entity promises to subsequently take a specific action that contributes to
economic development or otherwise benefits the government or its citizens. According to GASB Statement
No. 77, the substance of these sales tax reimbursement agreements meets the definition of "tax abatements."
For the fiscal year ended June 30, 2017, under these sales-tax reimbursement agreements, the City has
abatements totaling $488,896.
Pursuant to the Sales and Use Tax law (chapter 8 -Article 1 -section 7056), in order to protect the
confidential information of sales taxes collected and abatements provided to each of the specific agencies,
the City has presented the aggregate amount abated during the current fiscal year.
jNOTE16-SUBSEQUENTEVENTSJ
A. Special Tax Bonds, Series 2017
On August 15, 2017, the City issued special tax bonds in three separate terms to finance the cost of
acquiring and constructing certain public infrastructure improvements and/or reimbursing fees paid for
capital improvements, generally including roadways and roadway related improvements, water, wastewater,
and other miscellaneous infrastructure improvements in connection with the development of the Dublin
Crossing Project. The first term, $2,465,000, yields interest of 3.180%, is due September 1, 2027. The
second term, $9,165,000, yields interest of 3.760%, is due September 1, 2037. The third term, $21,110,000,
yields interest of 3.950%, is due September 1, 2047.
B. Ca/PERS' Discount Rate
In December 2016, CalPERS' Board of Directors voted to lower the discount rate from 7.5% to 7 .0% over
the next three fiscal years, beginning in fiscal year 2018. The change in discount rate will affect the
contribution rates beginning in fiscal year 2019 and result in increases to the normal costs and unfunded
actuarial liabilities.
84
REQUIRED SUPPLEMENTAL INFORMATION
85
City of Dublin
Cost-Sharing Multiple-Employer Defined Pension Plan -Miscellaneous Plans
As of June 30, 2017
Schedule ofthe Plan's Proportionate Share of
the Net Pension Liability
and Related Ratios as of the Measurement Date
Last 10 Years*
6/30/2014 6/30/2015
Plan's Proportion of the Net Pension Liability (Asset)
Plan's Proportionate Share of the Net Pension Liability/(Asset)
Plan's Covered Payroll
Plan's Proportionate Share 6fthe Net Pension Liability/(Asset)
as a Percentage ofits Covered 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.
86
0.12593% 0.369990/o
$7,835,901 $10,150,589
$8,425,970 $9,268,029
93.00% 109.52%
83.03% 79.290/o
6/30/2016
0.373790/o
$12,984,969
$10,443,838
124.33%
75.27%
City of Dublin
Cost-Sharing Multiple Employer Defined Pension Plan -Miscellaneous Plans
For the Fiscal Year Ended June 30, 2017
Schedule of Contributions
Last 10 Years*
2015
Actuarially determined contribution $1,411,959
Contributions in relation to the actuarially
determined contributions (1,411,959)
Contribution deficiency (excess) $0
Covered payroll $8,425,970
Contributions as a percentage of covered payroll 16.76%
*-Fiscal year 2015 was the 1st yearofimplementation.
87
2016 2017
$869,467 $1,738,634
(869,467) (1,738,634)
$0 $0
$9,268,029 $10,443,838
9.38% 16.65%
Actuarial
Valuation
Date
6/30/2004
6/30/2007
6/30/2009
6/30/2011
6/30/2013
6/30/2015
Actuarial
Value of
Assets
(A)
$0
5,694,000
5,326,000
6,823,000
9,574,000
13,154,000
Actuarial
Valuation
Date
6/30/2013
6/30/2015
6/30/2016
City of Dublin
Other Post-Employment Retirement Benefits
For the Fiscal Year Ended June 30, 2017
Schedule of Funding Progress
Underfunded
Fntry Age (Over.funded)
Actuarial Actuarial
Accrued Accrued Funded
Liability Liability Ratio
(B) (B-A) (A/B)
$4,973,780 $4,973,780 0.00%
6,159,000 465,000 92.45%
6,990,000 1,664,000 76.19%
11,557,000 4,734,000 59.04%
14,823,000 5,249,000 64.59%
17,657,000 4,503,000 74.50%
City of Dublin
Dougherty Regional Fire Authority
Other Post-Employment Retirement Benefits
For the Fiscal Year Ended June 30, 2017
Schedule ofFunding Progress
Covered
Payroll
cq
$6,320,280
6,697,747
7,618,000
7,830,000
8,972,000
8,894,000
Underfunded
Entry Age (Over:funded)
Actuarial Actuarial Actuarial
UAALas a
Percentage of
Covered Payroll
[(B-A)/C]
78.7%
6.9%
21.8%
60.5%
58.5%
50.6%
Value of Accrued Accrued Funded
Assets Liability Liability Ratio
(A) (B) (B-A) (A/B)
$0 $762,433 $762,433 0.00%
0 806,873 806,873 0.00%
0 806,873 806,873 0.00%
88
SUPPLEMENTARY INFORMATION
89
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30, 2017
Budgeted Amounts
Original Final Actual Amounts
Property taxes:
Current year secured $27,288,463 $28,194,339 $28,354,492
Current year unsecured 1,500,000 1,500,000 1,496,194
Supplemental property tax 662,990 662,990 1,077,687
Prior year secured 300,000 300,000 367,938
Prior year unsecured (31,984)
Property tax penalties 96,743
In lieu property tax 5,430,608 5,430,608 5,603,714
Sub-total 35,182,061 36,087,937 36,964,784
Taxes other than property:
Sales and use tax 20,666,260 20,666,260 20,001,379
Real property transfer tax 500,000 600,000 1,064,805
Hotel transient occupancy tax 1,000,000 1,300,000 1,498,493
Franchise taxes 3,965,000 3,965,000 4,271,247
Sub-total 26,131,260 26,531,260 26,835,924
Licenses and permits:
Animal licenses 7,000 7,000 7,394
Building permits 3,993,674 5,493,674 7,148,985
Business license 161,970 161,970 178,051
Construction and demolition permits 93,435 93,435 124,687
Encroachment permits 118,000 118,000 136,174
Fire permits 92,677 92,677 104,546
Grading permits 3,500 3,500 3,960
Planning permits 54,992 54,992 58,843
Miscellaneous permits 7,876 7,876 7,619
Sub-total 4,533,124 6,033,124 7,770,259
Fines and forfeitures:
Parking citations 72,432 72,432 47,942
Business license penalties 2,500 2,500 4,402
Other court fmes 35,000 35,000 41,861
Sub-total 109,932 109,932 94,205
90
Variance with
Final Budget
Positive
(Negative)
$160,153
(3,806)
414,697
67,938
(31,984)
96,743
173,106
876,847
(664,881)
464,805
198,493
306,247
304,664
394
1,655,311
16,081
31,252
18,174
11,869
460
3,851
{2572
1,737,135
(24,490)
1,902
6,861
(15,7272
CI1Y OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30, 2017 (Continued)
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative2
Revenue from use of money and property:
Interest $465,880 $840,880 $1,280,773 $439,893
Internal designated 6,168 6,168
Change in fair market value of investments (2,161,541) (2,161,541)
Rent and concession:
Field and court rentals 200,000 200,000 220,159 20,159
Facility rentals 340,730 340,730 389,633 48,903
Leased property 492,758 492,758 509,374 16,616
Sub-total 1,499,368 1,874,368 244,566 p,629,8022
Intergovernmental revenues:
Motor vehicle in-lieu 25,692 25,692
Mandated costs 15,000 15,000 10,125 (4,875)
Homeowner's property tax relief 183,618 183,618 222,692 39,074
Sub-total 198,618 198,618 258,509 59,891
Charges for services:
General government
Building use insurance 21,000 21,000 27,712 6,712
Sale of maps and documents 500 500 527 27
Public safety
Police charges for services 56,720 56,720 46,151 (10,569)
Fire charges for services 356,075 423,475 520,155 96,680
Santa Rita fire services 505,200 505,200 795,177 289,977
Waste management
Waste management admin fees 875,000 875,000 922,932 47,932
Environmental Programs
EV Charges 1,500 1,500 2,397 897
Parks and community services
Aquatics programs 498,350 498,350 487,012 (11,338)
Cemetery 6,222 6,222 5,589 (633)
Cultural arts 20,000 204,500 190,098 (14,402)
Family programs 675,085 675,085 499,376 (175,709)
Community events and festivals 112,490 112,490 196,479 83,989
Heritage Center 16,600 16,600 14,965 (1,635)
Preschool programs 336,646 336,646 360,140 23,494
Recreational activities 503,000 318,500 279,668 (38,832)
Senior programs 91,150 91,150 103,943 12,793
Sports programs 740,513 740,513 786,403 45,890
Community Development
Engineering plan checking 3,376,246 3,376,246 3,240,696 (135,550)
Local share permit surcharge -SMIP 2,254 2,254 4,598 2,344
Building plan checking 2,450 2,450 6,071 3,621
Local share permit surcharge -Zone 7 drainage fees 17,711 17,711 25,548 7,837
Zoning and subdivision fees 951,669 1,861,272 1,658,783 {202,4892
Sub-total 9,166,381 10,143,384 10,174,420 31,036
91
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30, 2017 (Continued)
Budgeted Amounts
Original Final Actual Amounts
Other revenues:
Contributions $112,960 $122,960 $317,319
Sales of property 6,307
Miscellaneous 64,934
Reimbursement -general 138,384 370,069 511,289
Reimbursement -public damage 5,000 5,000 4,112
Reimbursement -Community benefit assessment 100,000 550,000 699,000
Sub-total 356,344 1,048,029 1,602,961
Total Revenue by Sources $77,177,088 $82,026,652 $83,945,628
92
Variance with
Final Budget
Positive
(Negative}
$194,359
6,307
64,934
141,220
(888)
149,000
554,932
$1,918,976
This Page Left Intentionally Blank
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 2017
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative2
General government
City Council $531,676 $531,676 $402,153 $129,523
City Manager 1,227,510 1,227,510 1,180,716 46,794
City Clerk 653,093 653,093 594,181 58,912
Election 80,720 80,720 75,888 4,832
Human resources 753,656 753,656 690,639 63,017
Insurance 497,450 497,450 365,452 131,998
City attorney 800,746 800,746 782,417 18,329
Finance 1,729,426 1,787,426 1,641,215 146,211
Non departmental ISF 1,339,340 1,992,114 1,511,604 480,510
Disaster preparedness 123,489 138,489 98,587 39,902
Crossing guards 140,695 153,195 149,040 4,155
Animal control 301,257 354,075 275,405 78,670
Waste management 75,515 75,515 81,522 (6,007)
Community TV 123,650 123,650 108,210 15,440
Sub-total 8,378,223 9,169,315 7,957,029 1,212,286
Police
Police admin/support services 2,862,611 2,862,611 2,446,895 415,716
Patrol 8,305,327 8,305,327 6,524,367 1,780,960
Traffic 1,097,322 1,097,322 1,163,111 (65,789)
Investigations 2,252,427 2,252,427 2,571,414 (318,987)
Crime prevention/school resource services 1,612,327 1,612,327 1,530,799 81,528
Communications/ dispatch 1,071,888 1,182,274 1,114,704 67,570
Police operations support 2,008,727 2,025,252 1,721,985 303,267
Sub-total 19,210,629 19,337,540 17,073,275 2,264,265
Fire
Administration 12,448,396 12,448,396 12,275,637 172,759
Fire prevention 461,994 461,994 429,576 32,418
Operations 128,000 162,000 160,736 1,264
Fire station maintenance 245,650 278,956 226,460 52,496
Sub-total 13,284,040 13,351,346 13,092,409 258,937
Public works
Building management 1,345,950 1,687,269 1,548,176 139,093
Public Safety Complex 82,513 85,192 80,345 4,847
Traffic signals 10,000 10,000 4,106 5,894
Street lighting 15,994 15,994 13,023 2,971
Park maintenance 3,399,011 3,386,025 3,147,573 238,452
Parks/facilities development 350,367 350,367 210,891 139,476
Public works administration 1,458,419 1,433,361 1,364,951 68,410
Street maintenance 292,704 134,052 83,042 51,010
Street sweeping 138,244 138,244 125,027 13,217
Street landscaping 1,513,524 1,343,586 1,147,984 195,602
Street tree maintenance 183,796 104,821 75,619 29,202
Environmental services 671,723 671,724 560,874 110,850
Engineering 3,266,906 3,286,842 3,258,536 28,306
Sub-total 12,729,151 12,647,477 11,620,147 1,027,330
94
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 2017 (Continued)
Budgeted Amounts
Original Final Actual Amounts
Parks and Community Services
Library services $865,281 $903,681 $921,514
Historic facility operations and rentals 264,163 459,475 427,553
Heritage center programs 216,671 229,779 222,045
Cultural activities 267,925 267,925 185,440
Community events and festivals 746,574 761,574 716,040
Facility operations and rentals 1,362,464 1,405,499 1,203,938
Parks and community services administration 1,742,576 1,880,718 1,680,437
Family programs 568,961 568,961 523,649
Recreational activities 399,029 399,029 496,992
Preschool programs 252,113 252,113 222,564
Senior programs 454,385 454,385 433,820
Sports programs 712,271 712,271 642,239
Aquatic programs 210,585 252,654 207,425
Emerald Glen Recreation and Aquatic Center 1,357,363 1,343,959 928,939
Sub-total 9,420,361 9,892,023 8,812,595
Economic development
Economic development 688,320 966,163 644,403
Public information 351,030 351,030 247,199
Sub-total 1,039,350 1,317,193 891,602
Community development
Human services 242,798 300,898 209,456
Planning 2,614,824 3,270,258 2,382,248
Building and safety 3,155,340 3,405,340 3,139,417
Sub-total 6,012,962 6,976,496 5,731,121
Total Expenditures $70,074,716 $72,691,390 $65,178,178 I
95
Variance with
Final Budget
Positive
(Negative2
($17,833)
31,922
7,734
82,485
45,534
201,561
200,281
45,312
(97,963)
29,549
20,565
70,032
45,229
415,020
1,079,428
321,760
103,831
425,591
91,442
888,010
265,923
1,245,375
$7,513,212
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.
97
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, 2017
Budgeted Amounts
Variance with
Final Budget
Positive
Original Final Actual Amounts (Negative)
EXPENDITURES:
Capital outlay:
General improvements
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
$15,996,963
15,996,963
(15,996,963)
15,996,963
152996,963
98
$1,9222766 $14,074,197
1,922,766 142074,197
(1,922, 766) 14,074,197
1,922,766 {14,074,1972
1,922,766 (14,074,1972
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, 2017
Budgeted Amounts
Variance with
Final Budget
Positive
Original Final Actual Amounts (Negative)
EXPENDITURES:
Capital outlay:
CoilllD.unityililprovelilents $342,877 $3,854 $339,023
Total Expenditures 342,877 3,854 339,023
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES (342,877) (3,854) 339,023
OTHER FINANCING SOURCES (USES)
Transfers in 342,877 3,854 (339,023)
Total Other Financing Sources (Uses) 342,877 3,854 (339,023)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
99
CITY OF DUBLIN
PARKS PROJECTS CAP IT AL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
EXPENDITURES:
Capital outlay:
Parks
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
ENDING FUND BALANCE
Budgeted Amounts
Original Final
$10,470,118 $39, 744, 764
10,470,118 39,744,764
(10,470,118) (39,744,764)
10,470,118 39,744,764
10,470,118 39,744,764
100
Variance with
Final Budget
Positive
Actual Amounts (Negative)
$26, 113,810 $13,630,954
26,113,810 13,630,954
(26,113,810) 13,630,954
26,1132810 {13,630,9542
26,1132810 {13,630,9542
CITY OF DUBLIN
STREETS PROJECTS CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
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
ENDING FUND BALANCE (DEFICIT)
Budgeted Amounts
Original Final
$15,652,723
15,652,723
(15,652,723)
15,652,723
15,652,723
101
$2,659,000
2,659,000
32,447,136
32,447,136
(29,788,136)
29,788,136
29,788,136
Variance with
Final Budget
Positive
Actual Amounts (Negative)
$10,516,675
10,516,675
(10,516,675)
10,265,996
10,265,996
(250,679)
($250,6792
($2,659,000)
(2,659,000)
21,930,461
21,930,461
19,271,461
(19,522,140)
{19,522,1402
($250,679}
CITY OF DUBLIN
PUBLIC FACILITIES IMP ACT FEES CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
Budgeted Amounts
Original Final Actual Amounts
REVENUES:
Interest $20,280 $20,280 $346,476
Developer fees 9,141,918 8,220,918 10,449,460
Total Revenues 9,162,198 8,241,198 10,795,936
EXPENDITURES:
Parks and community service 60,527 40,376
Community development 5,560,701
Total Expenditures 60,527 5,601,077
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 9,162,198 8,180,671 5,194,859
OTHER FINANCING SOURCES (USES)
Proceeds from loan payable 5,450,042
Transfers out (8,789,344) (30,973,721) (20,753,165)
Total Other Financing Sources (Uses) {82789,3442 {30,973,7212 {15,303,1232
NET CHANGE IN FUND BALANCE $372,854 {$22,793,0502 (10,108,264)
BEGINNING FUND BALANCE 26,162,969
ENDING FUND BALANCE $16,054,705
102
Variance with
Final Budget
Positive
(Negative)
$326,196
2,228,542
2,554,738
20,151
(5,560,701)
(5,540,550)
(2,985,812)
5,450,042
l0,220,556
15,670,598
$12,684,786
CITY OF DUBLIN
FIRE IMP ACT FEES CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
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
Budgeted Amounts
Original Final
$86,496 $51,496
86,496 51,496
5,000 5,000
5,000 5 000
81,496 462496
$81,496 $46,496
103
Variance with
Final Budget
Positive
Actual Amounts (Negative)
$167,349 $115,853
167,349 115,853
4,997 3
4 997 3
1622352 115,856
162,352 $115,856
(802673}
$812679
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, 2017
Budgeted Amounts
Variance with
Final Budget
Positive
Original Final Actual Amounts (Negative)
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
$96,360
2,968,575
3,064,935
500,000
500,000
2,564,935
(1,487,658)
(1,487,6582
$1,077,277
104
$96,360
4,518,581
4,614,941
578,400
131,990
710,390
3,904,551
{4,492,1022
{4,492,1022
{$587,5512
$267,057
6,498,584
6,765,641
554,118
70,203
624,321
6,141,320
{756,4112
{756,4112
5,384,909
19,807,369
$25,192,278
$170,697
1,980,003
2,150,700
24,282
61,787
86,069
2,236,769
3,735,691
3,735,691
$52972,460
CITY OF DUBLIN
DUBLIN CROSSING CONTRIBUTION CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
Budgeted Amounts
Original Final Actual Amounts
REVENUES:
Interest $2,060 $2,060 $152,528
Developer fees 533,839 533,839
Other revenue 99,290
Total Revenues 535,899 535,899 2512818
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES 535,899 535,899 251,818
OTHER FINANCING SOURCES (USES)
Transfers out {989,2332 {15,489,2962 {1,04524342
Total Other Financing Sources (Uses) {989,2332 {15,489,2962 {1,045,4342
NET CHANGE IN FUND BALANCE {$453,3342 {$14,953,3972 (793,616)
BEGINNING FUND BALANCE (DEFICIT) 14,3922552
ENDING FUND BALANCE $13,5982936
105
Variance with
Final Budget
Positive
(Negative2
$150,468
(533,839)
992290
{284,0812
{28420812
14,443,862
14,443,862
$14,159,781
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.
VEHICLE 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.
SAFETEA-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.
107
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.
MEASURE BB GRANTS
Established to account for Alameda County Transportation Commission (ACTC) discretionary funding (versus
direct funding) from 2014 voter-approved increase in sales tax used for improvements on bike and pedestrian
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.
108
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 Inc. 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 Industry 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.
109
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 DEVELOPlVIENT 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.
110
This Page Left Intentionally Blank
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUND
COMBINING BALANCE SHEET
JUNE 30, 2017
Special Revenue Funds
Special Supplemental
Criminal Vehicle Law
Activity Abatement Enforcement
ASSETS
Cash and investments $132,307 $360,782 $55,075
Accounts receivable 7,121
Total Assets $132,307 $367,903 $55,075
LIABILITIES
Accounts payable $7,367
Deposits payable 27,615
Due to other funds
Total Liabilities 34,982
FUND BALANCE (DEFICIT)
Fund balance (Deficit):
Restricted
Public safety programs 97,325 $367,903 $55,075
Street maintenance and construction
Health and welfare programs
Recycling programs
Capital improvement projects
Unassigned
Total Fund Balances (Deficits) 97,325 367,903 55,075
Total Liabilities and Fund Balances $132,307 $367,903 $55,075
112
Traffic Safety
$332,947
15,184
$348,131
$836
836
347,295
347,295
$348,131
Federal Asset
Seizure
$34,875
$34,875
$34,875
34,875
$34,875
Emergency
Medical
Services
$144,317
48,492
$192,809
$98,688
98,688
94,121
94,121
$192,809
Enforcement
Grants
$5,760
$5,760
$5,760
5,760
$5,760
Special Revenue Funds
State Gas Tax SAFETEA-LU
$3,724,913
$3,724,913
$50,616
50,616
3,674,297
3,674,297
$3,724,913
113
MeasureB
Sales Tax
Local Streets
$385,119
70,800
$455,919
$455,919
455,919
$455,919
MeasureB
Sales Tax
Bike/Pedestrian
$359,228
27,168
$386,396
$52
52
386,344
386,344
$386,396
(Continued)
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUND
COMBINING BALANCE. SHEET
JUNE 30, 2017
Special Revenue Funds
Measure BB Measure BB
MeasureB Sales Tax Sales Tax
Grants Streets and Roads Bike/Pedestrian
ASSETS
Cash and investments $585,575 $84,311
Accounts receivable $267,390 63,180 22,042
Total Assets $267,390 $648,755 $106,353
LIABILITIES
Accounts payable
Deposits payable
Due to other funds $448,225
Total Liabilities 448,225
FUND BALANCE (DEFICIT)
Fund balance (Deficit):
Restricted
Public safety programs
Street maintenance and construction $648,755 $106,353
Health and welfare programs
Recycling programs
Capital improvement projects
Unassigned ~180,835l
Total Fund Balances (Deficits) (180,835l 648,755 106,353
Total Liabilities and Fund Balances $267,390 $648,755 $106,353
114
Measure BB
Grants
$128,778
$128,778
$1,496,395
1,496,395
(l,367,617l
~1,367 ,617l
$128,778
Transportation
for Clean Air
(TFCA)
$75,500
$75,500
$95,252
95,252
(19,752)
(19,752)
$75,500
Congestion
Management
Agency
$290,982
$290,982
$290,982
290,982
$290,982
Highway
Safety
Traffic
Reduction Bond
Special Revenue Funds
Federal
Transportation
(TIGER)
115
ACTC
Vehicle
Registration
Fee
$184,016
49,555
$233,571
$26,055
26,055
207,516
207,516
$233,571
IDA
$115,000
$115,000
$115,000
115,000
$115,000
Garbage/
Recycling
$646,835
87,456
$734,291
$23,019
23,019
711,272
711,272
$734,291
(Continued)
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUND
COMBINING BALANCE SHEET
JUNE 30, 2017
Special Revenue Funds
ASSETS
Cash and investments
Accounts receivable
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 prpgrams
Capital improvement projects
Unassigned
Total Fund Balances (Deficits)
Total Liabilities and Fund Balances
A VI Economic
Benefit/Business
Assistance
Program
116
Storm
Water
Management
$244,067
$244,067
$244,067
244,067
$244,067
Box Culvert
$367,503
$367,503
$367,503
367,503
$367,503 .
East Bay
Regional
Park District
Public Art
$4,286,384
$4,286,384
$191,776
Miscellaneous
Special
Revenue
$459,693
42,040
$501,733
$2,863
Community
Development
Block Grant
$66,827
$66,827
$8,814
Special Revenue Funds
HCD
Housing Related
Parks Grant
------------____ 5_...8,.._0_13_ $53,499
191,776 2,863 66,827 53,499
498,870
4,094,608
(53,499)
4,094,608 498,870 (53,499)
$4,286,384 $501,733 $66,827
117
1983-1
Street
Lighting
$148,509
2,614
$151,123
$13,261
13,261
137,862
137,862
$151,123
Maintenance Districts
1983-2
Stagecoach
Landscape
$142,995
$142,995
$3,912
3,912
139,083
139,083
$142,995
1986-1
Dougherty
Landscape
$345,641
426
$346,067
$4,826
4,826
341,241
341,241
$346,067
(Continued)
ASSETS
Cash and investments
Accounts receivable
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
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUND
COMBlNINGBALANCESHEET
JUNE 30, 2017
SEecial Revenue Funds
Maintenance Districts
1997-1 1999-1
Santa Rita East Dublin
LandscaEe Street Lighting
$526,635 $735,738
3,380 1,838
$530,015 $737,576
$13,528 $23,676
13,528 23,676
516,487 713,900
Total Fund Balances (Deficits) 516,487 713,900
Total Liabilities and Fund Balances $530,015 $737,576
118
Total
Non-Major
Governmental
Funds
$14,293,225
1,385,773
$15,678,998
$466,426
30,478
2,557,366
3,054,270
1,002,354
7,939,327
498,870
711,272
4,094,608
{l,621, 7032
12,624,728
$15,678,998
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, 2017
Special Revenue Funds
Special Supplemental
Criminal Vehicle Law
Activi!l Abatement Enforcement
REVENUES
Property taxes
Taxes other than property
Intergovernmental $34,464 $123,632
Charges for service
Interest $1,125 3,794 595
Fines and forfeitures
Developer fees
Other revenue 718
Special assessments
Total Revenues 1,843 38,258 124,227
EXPENDITURES
Current:
General government
Police 10,578 100,000
Fire
Public works
Parks and community services
Community development
Total Expenditures 10,578 100,000
REVENUES OVER
(UNDER) EXPENDITURES (8,7352 38,258 24,227
OTHER FINANCJNG SOURCES (USES)
Transfer out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES (8,735) 38,258 24,227
FUND BALANCES (DEFICITS):
Beginning of year 106,060 329,645 30,848
Endofyear $97,325 $367,903 $55,075
120
Traffic Safe!l
$3,726
166,015
169,741
103,170
103,170
66,571
(52,419)
~52,4192
14,152
333,143
$347,295
Federal Asset
Seizure
$310
19,058
19,368
19,368
19,368
15,507
$34,875
Emergency
Medical
Services
$188,192
1,167
181,433
370,792
349,830
349,830
20,962
20,962
73,159
$94,121
Enforcement
Grants
$64
64
64
64
5,696
$5,760
Special Revenue Funds
State Gas Tax SAFETEA-LU
$1,091,705
41,469
1,133,174
436,084
436,084
697,090
(962,934)
(962,934)
(265,844)
3,940,141
$3,674,297
121
MeasureB
Sales Tax
Local Streets
$458,222
3,719
461,941
461,941
(572,528)
(572,528)
(110,587)
566,506
$455,919
MeasureB
Sales Tax
Bike/Pedestrian
$175,830
3,267
179,097
10,945
10,945
168,152
(42,260)
(42,260)
125,892
260,452
$386,344
(Continued)
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED~ 30, 2017
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 $408,414 $142,487
Intergovernmental $4,966,354
Charges for service
Interest 6,182 1,830
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 4,966,354 414,596 144,317
EXPENDITURES
Current:
General government
Police
Fire
Public works
Parks and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 4,966,354 414,596 144,317
OTHER FJNANCJNG SOURCES (USES)
Transfer out { 4, 736, 7 492 {230,0002 {200,0002
Total Other Financing Sources (Uses) {4,736,7492 {230,0002 {200,0002
NET CHANGE JN FUND BALANCES 229,605 184,596 (55,683)
FUND BALANCES (DEFICITS):
Beginning of year (410,4402 464,159 162,036
End of year ($180,835) $648,755 $106,353
122
Measure BB
Grants
$681,650
681,650
681,650
{2,049,2672
{2,049,2672
(1,367,617)
($1,367,617)
Transportation
for Clean Air
(TFCA)
$75,500
75,500
75,500
(66,314)
(66,3142
9,186
(28,9382
($19,752)
Congestion
Management
Agency
Special Revenue Funds
Highway
Safety
Traffic
Reduction Bond
Federal
Transportation
(TIGER)
123
ACTC
Vehicle
Registration
Fee
$176,584
2,338
278,922
144,951
144,951
133,971
(141,679)
(141,6792
(7,708)
215,224
$207,516
TDA
$148,311
148,311
115,000
115,000
33,311
33,311
(33,311)
Garbage/
Recycling
$296,016
3,833,056
9,868
1,000
4,139,940
3,818,757
71,343
3,890,100
249,840
(81,5102
~81,5102
168,330
542,942
$711,272
(Continued)
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
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
Parks and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfer out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCES (DEFICITS):
Beginning of year
End of year
FOR THE YEAR ENDED JUNE 30, 2017
Special Revenue Funds
A VI Economic
Benefit/Business
Assistance
Program
124
Storm
Water
Management
$951,837
2,911
954,748
10,000
10,000
944,748
944,748
(700,681)
$244,067
Box Culvert
$4,027
4,027
4,027
4,027
363,476
$367,503
East Bay
Regional
Park District
Public Art
$42,721
962,982
1,853
1,007,556
81,747
81,747
925,809
(246,353)
{246,3532
679,456
3,415,152
$4,094,608
Miscellaneous
Special
Revenue
$139,718
5,645
8,280
153,643
75,210
75,210
78,433
(154,6252
{154,6252
(76,192)
575,062
$498,870
Community
Development
Block Grant
$93,532
93,532
86,932
86,932
6,600
(6,6002
{6,6002
Special Revenue Funds
HCD
Housing Related
Parks Grant
$166,575
166,575
166,575
{320,0292
{320,0292
(153,454)
99,955
($53,499)
125
1983-1
Street
Lighting
$973
295,550
296,523
327,547
327,547
(31,024)
(31,024)
168,886
$137,862
Maintenance Districts
1983-2
Stagecoach
Landscape
$1,277
87,771
89,048
. 62,350
62,350
26,698
26,698
112,385
$139,083
1986-1
Dougherty
Landscape
$2,750
192,617
195,367
73,030
73,030
122,337
122,337
218,904
$341,241
(Continued)
CITY OF DUBLIN
NON-MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2017
SEecial Revenue Funds
Maintenance Districts Total
1997-1 1999-1 Nonmajor
Santa Rita East Dublin Governmental
LandscaEe Street Li~htin~ Funds
REVENUES
Property taxes
Taxes other than property $1,184,953
Intergovernmental 9,094,352
Charges for service 3,972,774
Interest $4,732 $6,918 151,408
Fines and forfeitures 166,015
Developer fees 971,262
Other revenue 22,629
Special assessments 342,781 316,569 1,416,721
Total Revenues 347,513 323,487 16,980,114
EXPENDITURES
Current:
General government 3,893,967
Police 110,578
Fire 349,830
Public works 220,667 168,546 1,743,633
Parks and community services 81,747
Community development 86,932
Total Expenditures 220,667 168,546 6,266,687
REVENUES OVER
(UNDER) EXPENDITURES 126,846 154,941 10,713,427
OTHER FINANCING SOURCES (USES)
Transfer out {8,984} {9,872,251}
Total Other Financing Sources (Uses) {8,984} {9,872,251}
NET CHANGE IN FUND BALANCES 126,846 145,957 841,176
FUND BALANCES (DEFICITS):
Beginning of year 389,641 567,943 11,783,552
Endofyear $516,487 $713,900 $12,624, 728
126
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, 2017
SPECIAL CRIMINAL ACTIVITY
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $850 $850 $1,125
Fines and forfeitures
Developer fees
Other revenue 718
Special assessments
Total Revenues 850 850 1,843
EXPENDITURES
Current:
General government
Police 5,795 55,795 10,578
Fire
Public works
Park and community services
Community development
Total Expenditures 5,795 55,795 10,578
REVENUES OVER
(UNDER) EXPENDITURES {4,945} (54,9452 {8,735}
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES {$4,945} {$54,9452 (8, 735)
FUND BALANCE (DEFICITS):
Beginning of year 106,060
End of year $97,325
128
Variance
Positive
(Negative}
$275
718
993
45,217
45,217
46,210
$46,210
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, 2017
VEHICLE ABATEMENT
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $30,457 $30,457 $34,464
Charges for service
Interest 1,970 1,970 3,794
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 32,427 32,427 38,258
EXPENDITURES
Current:
General government
Police 822 822
Fire
Public works
Park and community services
Community development
Total Expenditures 822 822
REVENUES OVER
(UNDER) EXPENDITURES 31,605 31,605 38,258
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $31,605 $31,605 38,258
FUND BALANCE (DEFICITS):
Beginning of year 329,645
Endofyear $367,903
129
Variance
Positive
(Negative)
$4,007
1,824
5,831
822
822
6,653
$6,653
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, 2017
SUPPLEMENTAL LAW ENFORCEMENT
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $100,000 $100,000 $123,632
Charges for service
Interest 200 200 595
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 100,200 100,200 124,227
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 200 200 24,227
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $200 $200 24,227
FUND BALANCE (DEFICITS):
Beginning of year 30,848
Endofyear $55,075
130
Variance
Positive
(Negative)
$23,632
395
24,027
24,027
$24,027
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, 2017
TRAFFIC SAFETY
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $1,760 $1,760 $3,726
Fines and forfeitures 148,279 148,279 166,015
Developer fees
Other revenue
Special assessments
Total Revenues 150,039 150,039 169,741
EXPENDITURES
Current:
General government
Police
Fire
Public works 142,757 142,757 103,170
Park and community services
Community development
Total Expenditures 142,757 142,757 103,170
REVENUES OVER
(UNDER) EXPENDITURES 7,282 7,282 66,571
OTHER FINANCING SOURCES (USES)
Transfers (out) (97,992) (52,419)
Total Other Financing Sources (Uses) {97,9922 {52,4192
NET CHANGE IN FUND BALANCES $7,282 {$90,7102 14,152
FUND BALANCE (DEFICITS):
Beginning of year 333,143
End of year $347,295
131
Variance
Positive
(Negative)
$1,966
17,736
19,702
39,587
39,587
59,289
45,573
45,573
$104,862
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, 2017
FEDERAL ASSET SEIZURE
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $70 $70 $310
Fines and forfeitures
Developer fees
Other revenue 19,058
Special assessments
Total Revenues 70 70 19,368
EXPENDITURES
Current:
General government
Police 5,700 5,700
Fire
Public works
Park and community services
Community development
Total Expenditures 5,700 5,700
REVENUES OVER
(UNDER) EXPENDITURES {5,6301 {5,6301 19,368
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES ($5,6301 {$5,6301 19,368
FUND BALANCE (DEFICITS):
Beginning of year 15,507
End of year $34,875
132
Variance
Positive
(Negative1
$240
19,058
19,298
5,700
5,700
24,998
$24,998
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, 2017
EMERGENCY MEDICAL SERVICES
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $185,412 $185,412 $188,192
Charges for service
Interest 410 410 1,167
Fines and forfeitures
Developer fees
Other revenue
Special assessments 178,380 178,380 181,433
Total Revenues 364,202 364,202 370,792
EXPENDITURES
Current:
General government
Police
Fire 349,413 350,538 349,830
Public works
Park and community services
Community development
Total Expenditures 349,413 350,538 349,830
REVENUES OVER
(UNDER) EXPENDITURES 14,789 13,664 20,962
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $14,789 $13,664 20,962
FUND BALANCE (DEFICITS):
Beginning of year 73,159
End of year $94,121
133
Variance
Positive
(Negative)
$2,780
757
3,053
6,590
708
708
7,298
$7,298
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, 2017
ENFORCEMENT GRANT
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $20 $20 $64
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 20 20 64
EXPENDITURES
Current:
General government
Police 2,500 2,500
Fire
Public works
Park and community services
Community development
Total Expenditures 2,500 2,500
REVENUES OVER
(UNDER) EXPENDITURES (2,480) (2,480) 64
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES {$2,480} {$2,480} 64
FUND BALANCE (DEFICITS):
Beginning of year 5,696
End of year $5,760
134
Variance
Positive
(Negative)
$44
44
2,500
2,500
2,544
$2,544
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, 2017
STATE GAS TAX
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $1,134,968 $1,134,968 $1,091,705
Charges for service
Interest 12,960 12,960 41,469
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 1,147,928 1,147,928 1,133,174
EXPENDITURES
Current:
General government
Police
Fire
Public works 549,726 549,726 436,084
Park and community services
Community development
Total Expenditures 549,726 549,726 436,084
REVENUES OVER
(UNDER) EXPENDITURES 598,202 598,202 697,090
OTHER FINANCING SOURCES (USES)
Transfers (out) (1,041,128) (2,284,219) (962,934)
Total Other Financing Sources (Uses) {1,041,128} {2,284,219} {962,934}
NET CHANGE IN FUND BALANCES ($442,926} {$1,686,017} (265,844)
FUND BALANCE (DEFICITS):
Beginning of year 3,940,141
End of year $3,674,297
135
Variance
Positive
(Negative)
($43,263)
28,509
(14,754)
113,642
113,642
98,888
1,321,285
1,321,285
$1,420,173
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, 2017
SAFETEA-LU
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
End of year
Budgeted Amounts
Original Final Actual
136
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, 2017
MEASURE B SALES TAX STREETS AND ROADS
Variance
Budgeted A.mounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property $428,339 $428,339 $458,222 $29,883
Intergovernmental
Charges for service
Interest 3,719 3,719
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 428,339 428,339 461,941 33,602
EXPENDITURES
Current:
General gove:r:nment
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 428,339 428,339 461,941 33,602
OTIIER FINANCING SOURCES (USES)
Transfers (out) (550,000) (991,298) (572,528) 418,770
Total Other Financing Sources (Uses) {550,0002 {991,2982 {572,5282 418,770
NET CHANGE IN FUND BALANCES . {$121,6612 {$562,9592 (110,587) $452,372
FUND BALANCE (DEFICITS):
Beginning of year 566,506
End of year $455,919
137
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, 2017
MEASURE B SALES TAX BIKE/PEDESTRIAN
Variance
Budgeted Amounts Positive
Original Final Actual (Negative2
REVENUES
Property taxes
Taxes other than property $165,085 $165,085 $175,830 $10,745
Intergovernmental
Charges for service
Interest 760 760 3,267 2,507
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 165,845 165,845 179,097 13,252
EXPENDITURES
Current:
General government
Police
Fire
Public works 17,961 17,961 10,945 7,016
Park and community services
Community development
Total Expenditures 17,961 17,961 10,945 7,016
REVENUES OVER
(UNDER) EXPENDITURES 147,884 147,884 168,152 20,268
OTHER FINANCING SOURCES (USES)
Transfers (out) {250,6802 {292,9402 {42,2602 250,680
Total Other Financing Sources (Uses) {250,6802 {292,9402 {42,2602 250,680
NET CHANGE IN FUND BALANCES ($102,7962 {$145,0562 125,892 $270,948
FUND BALANCE (DEFICITS):
Beginning of year 260,452
End of year $386,344
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, 2017
MEASURE B GRANTS
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $6,267,000 $4,966,354
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 6,267,000 4,966,354
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 6,267,000 4,966,354
OTHER FINANCING SOURCES (USES)
Transfers (out) (5,856,560) (4,736,749)
Total Other Financing Sources (Uses) (5,856,5602 (4,736,7492
NET CHANGE IN FUND BALANCES $410,440 229,605
FUND BALANCE (DEFICITS):
Beginning of year (410,440}
End of year ($180,835}
139
Variance
Positive
(Negative)
($1,300,646)
(1,300,646)
(1,300,646)
1,119,811
1,119,811
($180,835}
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, 2017
MEASURE BB SALES TAX STREETS AND ROADS
Variance
Bud~eted Amounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property $389,695 $389,695 $408,414 $18,719
Intergovernmental
Charges for service
Interest 310 310 6,182 5,872
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 390,005 390,005 414,596 24,591
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 390,005 390,005 414,596 24,591
OTHER FINANCING SOURCES (USES)
Transfers (out) (623,600) (853,600) (230,000) 623,600
Total Other Financing Sources (Uses) (623,6002 {853,6002 (230,0001 623,600
NET CHANGE IN FUND BALANCES {$233,5951 {$463,5951 184,596 $648,191
FUND BALANCE (DEFICITS):
Beginning of year 464,159
End of year $648,755
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, 2017
MEASURE BB SALES TAX BIKE/PEDESTRIAN
Variance
Budgeted Amounts Positive
Ori~inal Final Actual (Negative2
REVENUES
Property taxes
Taxes other than property $134,802 $134,802 $142,487 $7,685
Intergovernmental
Ch~ges for service
Interest 820 820 1,830 1,010
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 135,622 135,622 144,317 8,695
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 135,622 135,622 144,317 8,695
OTHER FINANCING SOURCES (USES)
Transfers (out) (28,0002 {228,0002 {200,0002 28,000
Total Other Financing Sources (Uses) (28,0002 {228,0002 (200,0002 28,000
NET CHANGE IN FUND BALANCES $107,622 ($92,3782 (55,683) $36,695
FUND BALANCE (DEFICITS):
Beginning of year 162,036
End of year $106,353
141
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, 2017
MEASURE BB GRANTS
Budgeted Amounts
Original Final Actual
REVENUES
Property taxe.s
Taxes other than property
Intergovernmental $10,773,000 $10, 773,000 $681,650
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 10,773,000 10,773,000 681,650
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 10,773,000 10,773,000 681,650
OTHER FINANCING SOURCES (USES)
Transfers (out) {$10,773,0002 {11,400,0002 {2,049,2672
Total Other Financing Sources (Uses) {10, 773,0002 (11,400,0002 (2,049,2672
NET CHANGE IN FUND BALANCES {$627,0002 (1,367,617)
FUND BALANCE (DEFICITS):
Beginning of year
End of year {$1,367,6172
142
Variance
Positive
(Negative)
($10,091,350)
(10,091,3502
{10,091,3502
9,350,733
9,350,733
{$740,6172
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, 2017
CONGESTION MANAGEMENT AGENCY
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
End of year
Budgeted Amounts
Original Final Actual
$621,513
621,513
621,513
$621,513
143
Variance
Positive
(Negative)
($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 JUNE 30, 2017
TRANSPORTATION FOR CLEAN AIR {TFCA}
Variance
Bud~eted A.mounts Positive
Original Final Actual (Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental $146,352 $221,852 $75,500 ($146,352)
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 146,352 221,852 75,500 (146,352)
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 146,352 221,852 75,500 (146,352)
OTHER FINANCING SOURCES (USES)
Transfers (out) (146,352) (192,914) (66,314) $126,600
Total Other Financing Sources (Uses) (146,352) (192,914) (66,314) 126,600
NET CHANGE IN FUND BALANCES $28,938 9,186 ($19,752)
FUND BALANCE (DEFICITS):
Beginning of year (28,938}
End of year {$19,752}
144
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, 2017
IDGHWAY SAFETY
TRAFFIC REDUCTION BOND
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
End of year
Budgeted Amounts
Original Final Actual
145
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 3 0, 2017
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
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE (DEFICITS):
Beginning of year
End of year
Budgeted Amounts
Original Final Actual
146
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, 2017
ACTC VEHICLE REGISTRATION FEE
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $252,000 $252,000 $276,584
Charges for service
Interest 230 230 2,338
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 252,230 252,230 278,922
EXPENDITURES
Current:
General government
Police
Fire
Public works 161,280 161,280 144,951
Park and community services
Community development
Total Expenditures 161,280 161,280 144,951
REVENUES OVER
(UNDER) EXPENDITURES 90,950 90,950 133,971
OTHER FINANCING SOURCES (USES)
Transfers (out) (40,840) (200,261) (141,679)
Total Other Financing Sources (Uses) (40,840) (200,261) (141,679)
NET CHANGE IN FUND BALANCES $50,110 {$109,3112 (7,708)
FUND BALANCE (DEFICITS):
Beginning of year 215,224
End of year $207,516
147
Variance
Positive
(Negative)
$24,584
2,108
26,692
16,329
16,329
43,021
58,582
58,582
$101,603
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
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 3 0, 201 7
IDA
Budgeted Amounts
Original Final
$148,311
148,311
115,000
115,000
33,311
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $33,311
FUND BALANCE (DEFICITS):
Beginning of year
End of year
148
Variance
Positive
Actual (Negative)
$148,311
148,311
115,000
115,000
33,311
33,311
(33,311l
CITY OF DUBLJN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES JN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
GARBAGE/RECYCLING
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $160,000 $246,000 $296,016
Charges for service 3,792,000 3,792,000 3,833,056
Interest 1,370 1,370 9,868
Fines and forfeitures
Developer fees
Other revenue 2,200 2,200 1,000
Special assessments
Total Revenues 3,955,570 4,041,570 4,139,940
EXPENDITURES
Current:
General government 3,870,150 3,871,275 3,818,757
Police
Fire
Public works 144,760 175,037 71,343
Park and community services
Community development
Total Expenditures 4,014,910 4,046,312 3,890,100
REVENUES OVER
(UNDER) EXPENDITURES (59,340) (4,742) 249,840
OTHER FINANCING SOURCES (USES)
Transfers (out) {80,000) {166,000) (81,510)
Total Other Financing Sources (Uses) {80,000) {166,000) (81,510)
NET CHANGE IN FUND BALANCES ($139,340) {$170,742) 168,330
FUND BALANCE (DEFICITS):
Beginning of year 542,942
End of year $711,272
149
Variance
Positive
(Negative)
$50,016
41,056
8,498
(1,200)
98,370
52,518
103,694
156,212
254,582
84,490
84,490
$339,072
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, 2017
AVI 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
End of year
Budgeted Amounts
Original Final Actual
150
Variance
Positive
(Negative)
CITY OF DUBLlN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES JN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
STORM WATER MANAGEMENT
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental $248,000 $1,192,329 $951,837
Charges for service
Interest 1,380 1,380 $2,911
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 249,380 1,193,709 954,748
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 239,380 1,183,709 944,748
OTHER FINANCING SOURCES (USES)
Transfers (out) {44,9642
Total Other Financing Sources (Uses) {44,9642
NET CHANGE IN FUND BALANCES $239,380 $1,138,745 944,748
FUND BALANCE (DEFICITS):
Beginning of year {700,681~
End of year $244,067
151
Variance
Positive
(Negative)
($240,492)
1,531
(238,961)
(238,961)
44,964
44,964
{$193,9972
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 3 0, 2017
BOX CULVERT
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $2,430 $2,430 $4,027
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues 2,430 2,430 4,027
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 2,430 2,430 4,027
OTHER FINANCING SOURCES (USES)
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $2,430 $2,430 4,027
FUND BALANCE (DEFICITS):
Beginning of year 363,476
End of year $367,503
152
Variance
Positive
(Negative}
$1,597
1,597
1,597
$1,597
CITY OF DUBLlN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES 1N FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
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
End of year
Budgeted Amounts
Original Final Actual
153
Variance
Positive
(Negative)
CITY OF DUBLIN
BUDGETED NON-MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES JN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2017
PUBLIC ART
Budgeted Amounts
Original Final Actual
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest $15,640 $15,640 $42,721
Fines and forfeitures
Developer fees 962,982
Other revenue 1,853
Special assessments
Total Revenues 15,640 15,640 1,007,556
EXPENDITURES
Current:
General government
Police
Fire
Public works
Park and community services 157,645 157,645 81,747
Community development
Total Expenditures 157,645 157,645 81,747
REVENUES OVER
(UNDER) EXPENDITURES (142,005) (142,005) 925,809
OTHER FINANCING SOURCES (USES)
Transfers (out) (512,046) (941,959) (246,353)
Total Other Financing Sources (Uses) (512,046} {941,959} (246,353}
NET CHANGE IN FUND BALANCES {$654,051} {$1,083,964} 679,456
FUND BALANCE (DEFICITS):
Beginning of year 3,415,152
End of year $4,094,608
154
Variance
Positive
(Negative)
$27,081
962,982
1,853
991,916
75,898
75,898
1,067,814
695,606
695,606
$1,763,420
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, 2017
MISCELLANEOUS SPECIAL REVENUE
Budgeted Amounts
Original Final Actual
$179,000 $179,000 $139,718
1,690 1,690 5,645
2,411 2,411 8,280
183,101 183,101 153,643
35,338 75,244 75,210
35,338 75,244 75,210
147,763 107,857 78,433
{689,7832 {154,6252
Total Other Financing Sources (Uses) {689,7832 {154,6252
NET CHANGE IN FUND BALANCES $147,763 {$581,9262 (76,192)
FUND BALANCE (DEFICITS):
Beginning of year 575,062
End of year $498,870
155
Variance
Positive
(Negative)
($39,282)
3,955
5,869
(29,458)
34
34
{29,4242
535,158
535,158
$505,734
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, 2017
COMMUNITY DEVELOPMENT BLOCK GRANT
Budgeted Amounts
Original Final
$82,202 $107,485
82,202 107,485
75,602 100,885
75,602 100,885
6,600 6,600
(6,6002 (6,6002
Actual
$93,532
93,532
86,932
86,932
6,600
(6,6002
Variance
Positive
(Negative)
($13,953)
{13,9532
13,953
13,953
Total Other Financing Sources (Uses) {6,6002 {6,6002 {6,6002
NET CHANGE IN FUND BALANCES
FUND BALANCE (DEFICITS):
Beginning of year
End of year
156
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, 2017
HCD HOUSING RELATED PARKS GRANT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative}
$232,075 $166,575 ($65,500)
232,075 166,575 {65,5002
232,075 166,575 {65,5002
{498,6052 {320,0292 178,576
Total Other Financing Sources (Uses) {498,6052 {320,0292 178,576
NET CHANGE IN FUND BALANCES {$266,5302 (153,454) $113,076
FUND BALANCE (DEFICITS):
Beginning of year 99 955
Endofyear {$53,4992
157
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, 2017
1983-1 STREET LIGHTING
MAINTENANCE DISTRICT
Budgeted Amounts
Original Final Actual
$850 $850 $973
291,983 291,983 295,550
292,833 292,833 296,523
341,099 341,099 327,547
341,099 341,099 327,547
{48,2662 {48,2662 {31,0242
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES {$48,2662 {$48,2662 (31,024)
FUND BALANCE (DEFICITS):
Beginning of year 168,886
Endofyear $137,862
158
Variance
Positive
(Negative)
$123
3,567
3,690
13,552
13,552
17,242
$17,242
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, 2017
1983-2 STAGECOACH LANDSCAPE
MAJNTENANCE DISTRICT
Budgeted Amounts
Original Final Actual
$360 $360 $1,277
85,343 85,343 87,771
85,703 85,703 89,048
86,552 86,552 62,350
86,552 86,552 62,350
{8492 C8492 26,698
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES {$8492 {$8492 26,698
FUND BALANCE (DEFICITS):
Beginning of year 112,385
End of year $139,083
159
Variance
Positive
(Negative2
$917
2,428
3,345
24,202
24,202
27,547
$27,547
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) EXPENDI11JRES
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, 2017
1986-1 DOUGHERTY LANDSCAPE
MAINTENANCE DISTRICT
Budgeted Amounts
Original Final Actual
$860 $860 $2,750
139,586 139,586 192,617
140,446 140,446 195,367
138,885 138,885 73,030
138,885 138,885 73,030
1,561 1,561 122,337
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $1,561 $1,561 122,337
FUND BALANCE (DEFICITS):
Beginning of year 218,904
End of year $341,241
160
Variance
Positive
(Negative}
$1,890
53,031
54,921
65,855
65,855
120,776
$120,776
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, 2017
1997-1 SANTA RITA LANDSCAPE
MAINTENANCE DISTRICT
Budgeted Amounts
Original Final Actual
$2,050 $2,050 $4,732
396,154 396,154 342,781
398,204 398,204 347,513
323,847 323,847 220,667
323,847 323,847 220,667
74,357 74,357 126,846
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $74,357 $74,357 126,846
FUND BALANCE (DEFICITS):
Beginning of year 389,641
End of year $516,487
161
Variance
Positive
(Negative2
$2,682
{53,373}
{50,691}
103,180
103,180
52,489
$52,489
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, 2017
1999-1 EAST DUBLIN STREET LIGHTING
MAINTENANCE DISTRICT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative2
$1,170 $1,170 $6,918 $5,748
298,169 298,169 316,569 18,400
299,339 299,339 323,487 24,148
183,222 183,222 168,546 14,676
183,222 183,222 168,546 14,676
116,117 116,117 154,941 38,824
{351,4502 {364,0832 {8,9842 355,099
Total Other Financing Sources (Uses) {351,4502 {364,0832 {8,9842 355,099
NET CHANGE IN FUND BALANCES {$235,3332 {$247,9662 145,957 $393,923
FUND BALANCE (DEFICITS):
Beginning of year 567,943
End of year $713,900
162
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 fmance necessary vehicle replacements.
BUILDING REPLACEMENT
This fund is an interest bearing Internal Service Fund established to fmance future major building component
repair expenditures.
EQUIPMENT REPLACEMENT
This fund is an interest bearing Internal Service Fund established to fmance 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 information and technology costs, including staffmg.
ENERGY EFFICIENCY
This fund was established to account for the fmancing and construction of the Energy Efficiency Upgrade
Capital Project.
163
ASSETS
Current Assets:
Cash and investments
Accounts receivable
Prep aids
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 (DEFICIT)
Net Investment in capital assets
Unrestricted
Total Net Position
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF NET POSITION
JUNE 30, 2017
Vehicle Building
Replacement Replacement
$3,393,460 $6,850,608
3,393,460 6,850,608
10,774,792
3,314,299
63,094,195
4,517,348
(3,306,567) (34,087,748)
1,210,781 43,095,538
4,604,241 49,946,146
1,210,781 43,095,538
3,393,460 6,850,608
$4:604:241 $49:946:146
164
Equipment Retiree
Replacement HealthCare
$4,295,519
$8,496
145,018
4,295,519 153,514
4,563
2,238,431
(1,301,925)
941,069
5,236,588 153,514
2,975
128,281
2,975 128,281
2,975 128,281
941,069
4,292,544 25,233
$5.233:613 $25:233
PERS
Side Fund
$159,616
159,616
159,616
(159,616)
($159.616)
Information
Technology
$1,539,454
64,349
1,603,803
643,142
6,665
(714)
649,093
2,252,896
61,738
61,738
61,738
649,093
1,542,065
$2,191.158
Energy
Efficiency
$83,175
83,175
122,183
122,183
205,358
455,999
455,999
4,461,244
4,461,244
4,917,243
(4,795,060)
83,175
($4, 711,885)
165
Total
$16,162,216
8,496
209,367
16,380,079
10,774,792
4,084,187
63,094,195
6,762,444
(38,696,954)
46,018,664
62,398,743
64,713
128,281
455,999
648,993
4,461,244
159,616
4,620,860
5,269,853
41,101,421
16,027,469
$57,128,890
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
CO:MBINJNG STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2017
Vehicle Building Equipment
Re2lacement Re2lacement Re2Iacement
OPERATING REVENUES
Charges for services $528,048 $317,676 $840,670
Interest
Other revenue 28,495 61
Total Operating Revenues 556,543 317,737 840,670
OPERATING EXPENSES
Supplies and services 214,762 91,664
OPEB expenses
Depreciation 375,423 2,111,345 115,319
Interest and fiscal charges
Total Operating Expenses 590,185 2,111,345 206,983
Operating Income (Loss) (33,642} (1,793,608} 633,687
NONOPERATING REVENUES (EXPENSES)
Interest income 36,551 70,225 43,294
Loss from sale of land {14,207}
Total Nonoperating Revenues (Expenses) 22,344 70,225 43,294
Income (Loss) Before Transfers (11,298) (1,723,383) 676,981
Transfer in 300,000
Transfer (out)
Net transfers 300,000
Change in Net Position (11,298) (1,423,383) 676,981
BEGINNING NET POSITION (DEFICIT) 4,615,539 51,369,529 4,556,632
ENDING NET POSITION (DEFICIT) $4,604,241. $49,946,146 $5,233,613
166
Retiree
Health Care
$1,573,886
610,662
2,184,548
2,184,548
2,184,548
1,376
1,376
1,376
1,376
23,857
$25,233
PERS Information Energy
Side Fund Technology Efficiency Total
$390,333 $1,439,857 $566,185 $5,656,655
913 913
22,248 661,466
390,333 1,462,105 567,098 6,319,034
592,400 898,826
2,184,548
714 2,602,801
136,867 136,867
593,114 136,867 5,823,042
390,333 868,991 430,231 495,992
18,207 169,653
(14,2072
18,207 155,446
390,333 887,198 430,231 651,438
300,000
(643,1422 {2092 (643,3512
{643,1422 (2092 {343,3512
390,333 244,056 430,022 308,087
(549,9492 1,947,102 {5,141,9072 56,820,803
($159,6162 $2,191,158 {$4,711,8852 $57,128,890
167
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2017
Vehicle Building
ReElacement ReElacement
CASH FLOWS FROM OPERATING ACTMTIES
Receipts from other funds $528,048 $317,676
Payments to suppliers and service providers (214,762)
futerest
Other revenues 28,495 61
Cash Flows from (used for) Operating Activities 341,781 317,737
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Payments from other funds 300,000
Payments to other funds
Cash Flows (used for) Noncapital Financing Activities 300,000
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Purchase of capital assets (53,785)
futerest paid on capital lease
Capital lease repayment
Cash Flows from Capital and Related
Financing Activities {53,7852
CASH FLOWS FROM INVESTING ACTIVITIES
futerest received 36,551 70,225
Cash Flows from fuvesting Activities 36,551 70,225
Net Cash Flows 324,547 687,962
Cash and investments at beginning of year 3,068,913 6,162,646
Cash and investments at end of year $3,393,460 $6,850,608
Reconciliation of operating income (loss) to net cash flows
from operating activities:
Operating income (loss) ($33,642) ($1,793,608)
Adjustments to reconcile operating income (loss)
to net cash flows from operating activities:
Depreciation 375,423 2,111,345
futerest and fiscal charges
Change in assets and liabilities:
Accounts receivable
Prep aids
Accounts payable and accruals
Cash Flows from Operating Activities $341,781 $317,737
168
Equipment Retiree
ReElacement Health Care
$840,670 $1,565,390
(88,689) (2,518, 054)
610,662
751,981 {342,0022
128,281
128,281
(66,883)
{66,8832
43,294 1,376
43,294 1,376
728,392 {212,3452
3,567,127 212,345
$4,295,519
$633,687
115,319
($8,496)
(40,725)
2,975 {292,7812
$751,981 {$342,0022
PERS Information
Side Fund Technology
$390,333 $1,439,857
(578,478)
22,248
390,333 883,627
(390,333) (673,070)
(390,333) (673,070)
(649,807)
(649,807)
18,207
18,207
(421,043)
1,960,497
$1,539,454
$390,333 $868,991
714
(3,229)
17,151
$390,333 $883,627
Energy
Efficiency
$566,185
913
567,098
(209)
(209)
(209)
(136,867)
(429,109)
(566,185)
704
82,471
$83,175
$430,231
136,867
$567,098
Total
$5,648,159
(3,399,983)
913
661,466
2,910,555
428,281
(1,063,612)
(635,331)
(770,684)
(136,867)
(429,109)
(1,336,660)
169,653
169,653
1,108,217
15,053,999
$16,162,216
$495,992
2,602,801
136,867
(8,496)
(43,954)
{272,655l
$2,910,555
169
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 of land, 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 Y4 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.
171
CITY OF DUBLIN
AGENCY FUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2017
Balance Balance
June 30, 2016 Additions Deductions June 30, 2017
Dublin Boulevard Extension Assessment District
Assets
Cash and investments $8,590 $95 $8,685
$8,590 $95 $8,685
Liabilities
Due to bondholders $8,590 $95 $8,685
$8,590 $95 $8,685
Associated Community Action Program
Assets
Cash and investments $39,436 $5,202 $32,439 $12,199
$39,436 $5,202 $32,439 $12,199
Liabilities
Accounts payable $1,103 $1,103
Due to trustee $39,436 4,099 $32,439 11,096
$39,436 $5,202 $32,439 $12,199
Fallon Village
Geolo~p Hazardous Abatement District
Assets
Cash and investments $2,546,775 $1,391,953 $518,102 $3,420,626
Accounts receivable 3,995 5,147 3,995 5,147
$2,550,770 $1,397,100 $522,097 $3,425,773
Liabilities
Accounts Payable $4,700 $93,540 $40,964 $57,276
Due to trustee 2,546,070 1,303,560 481,133 3,368,497
$2,550,770 $1,397,100 $522,097 $3,425,773
172
CITY OF DUBLIN
AGENCY FUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2017 (Continued)
Balance Balance
June 30, 2016 Additions Deductions June 30, 2017
Schaefer Ranch Geologic Hazardous Abatement District
Assets
Cash and investments $2,458,695 $1,159,650 $442,098 $3,176,247
Accounts receivable 5,057 4,194 5,057 4,194
$2,463,752 $1,163,844 $447,155 $3,180,441
Liabilities
Accounts Payable $1,330 $53,647 $33,370 $21,607
Due to trustee 2,462,422 1,110,197 413,785 3,158,834
$2,463,752 $1,163,844 $447,155 $3,180,441
Fallon Village Annex/Jordan Ranch
Geologic Hazardous Abatement District
Assets
Due from trustee $2,721 $2,721
$2,721 $2,721
Liabilities
Due to City $2,721 $2,721
$2,721 $2,721
Fallon Crossing (North Tassajara)
Geologic Hazardous Abatement District
Assets
Cash and investments $237,718 $191,255 $80,665 $348,308
Accounts receivable 1,855 1,282 1,855 1,282
$239,573 $192,537 $82,520 $349,590
Liabilities
Accounts Payable $332 $7,206 $5,501 $2,037
Due to trustee 239,241 185,331 $77,019 347,553
$239,573 $192,537 $82,520 $349,590
173
CITY OF DUBLIN
AGENCY FUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2017 (Continued)
Balance Balance
June 30, 2016 Additions Deductions June 30, 2017
Totals -All Agency Funds
Assets
Cash and investments $5,291,214 $2,748,155 $1,073,304 $6,966,065
Accounts receivable 10,907 10,623 10,907 10,623
Due from trustee 2,721 2,721
$5,304,842 $2,758,778 $1,086,932 $6,976,688
Liabilities
Accounts payable $6,362 $155,496 $79,835 $82,023
Due to City 2,721 2,721
Due to trustee 5,287,169 2,603,187 1,004,376 6,885,980
Due to bondholders 8,590 95 8,685
$5,304,842 $2,758,778 $1,086,932 $6,976,688
174
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.
175
Primary government:
Governmental activities:
Net investment in
capital assets
Restricted
Unrestricted
Total primary government
2008
City of Dublin
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
2009 2010
$411,619,671 $423,474,384 $436,857,107
48,572,719 36,906,687 25,004,384
68,456,077 66,597,197 70,203,471
$528,648,467 $526,978,268 $532,064,962
Data Source: City of Dublin Administrative Services Department
2011 2012
$433,779,703 $433,548,888
21,453,867 36,714,724
76,303,907 86,063,259
$531,537,477 $556,326,871
Note: The City adjusted certain beginning balances during fiscal year 2014-2015. Financial data shown for proceeding years were
not adjusted for the presentation.
176
2013
$432, 722,323
52,548,095
99,084,771
$584,355,189
2014
$445,529,366
60,808,540
97,918,858
$604,256, 764
2015
$444,832,546
74,738,217
107,176,361
$626,747,124
2016
$460,963,292
97,592,438
111,725,077
$670,280,807
177
2017
$487,123,214
94,745,655
120,464,219
$702,333,088
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
City of Dublin
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
2008 2009 2010
$7,790,286 $8,721,545 $8,396,199
23,282,634 23,880,635 23,797,696
20,196,496 20,368,655 15,969,371
1,689,353 1,869,428 3,615,077
12,200,759 11,563,136 10,757,355
8,276,993 7,175,272 5,112,469
73,436,521 73,578,671 67,648,167
216,334 215,711 219,386
1,301,328 1,545,935 1,600,890
13,794 598,542 8,078,369
3,301,877 3,050,719 2,798,092
1,722,627 1,719,501 2,101,867
5,599,417 4,720,221 3,775,102
2,747,497 2,245,945 2,229,043
37,393,930 14,599,068 12,254,443
52,296,804 28,695,642 33,057,192
($21,139,717) ($44,883,029) ($34,590,975)
22,229,039 23,311,587 22,287,783
14,225,661 12,832,417 12,183,267
3,504,501 2,180,846 3,201,219
197,245 160,242 141,221
4,399,908 4,266,601 758,016
1,202,074 461,137 1,106,163
45,758,428 43,212,830 39,677,669
$24,618,711 ($1,670,199) $5,086,694
Data Source: City of Dublin Administrative Services Department
178
2011 2012
$9,322,322 $10,116,219
24,413,496 26,781,283
10,142,946 6,709,217
12,749,042 146,204
9,304,429 9,804,128
5,482,552 6,089,415
71,414,787 59,646,466
225,109 140,418
1,821,404 1,061,352
450,937 738,662
2,874,952 3,063,223
2,214,407 1,909,812
5,546,417 9,051,970
2,220,247 1,008,318
15,745,614 23,668,070
31,099,087 40,641,825
($40,315, 700) ($19,004,641)
21,918,484 22,246,360
12,969,119 14,996,932
3,798,515 4,295,675
250,974
536,047 865,719
1,079,419 1,389,349
40,552,558 43,794,035
$236,858 $24,789,394
2013 2014 2015 2016 2017
$10,265,476 $17 ,665,221 $10,774,480 $19,280,680 $13,549,013
15,325,113 18,316,420 17,080,942
12,198,769 14,725,476 13,687,195
15,336,225 13,883,008 18,351,543
12,149,716 14,625,459 11,193,876
679,313 555,564 864,697
26,846,045 27,770,111
7,241,263 4,305,390
3,753,875 4,057,796
10,772,868 9,018,161
9,979,877 9,169,788 5,713,196 11,410,946 14,249,950
68,859,404 71,986,467 72,176,812 92,797,553 88,977,216
142,353 153,544 5,777,971 5,209,378 5,402,925
399,802 362,054 322,231
1,746,581 1,633,056 1,426,973
2,978,235 2,698,767 3,386,621
3,009,383 2,931,553 2,950,625
2,482,060 2,164,085
470,063 484,801
3,422,782 3,631,344
2,463,146 2,753,911
9,540,241 10,393,367 7,657,467 13,217,027 9,334,477
1,135,050 1,674,815 955,677 1,629,137 8,008,289
28,689,753 20,914,994 21,931,981 38,433,119 21,133,748
48,345,448 42,170,861 44,457,097 66,114,091 51,965,889
($20,513,956) ($29,815,606) ($27,719,715) ($26,683,462) ($37 ,011,327)
23,590,102 25,286,308 29,437,951 33,598,601 36,964,785
1,264,204 1,359,212 1,416,721
15,359,340 17,833,314 19,211,823 22,070,547 21,186,333
5,054,257 5,427,627 6,159,654 6,606,016 6,834,545
(399,590) 853,147 550,272 2,937,999 (710,595)
4,938,165 316,785 3,163,387 3,644,670 3,371,819
48,542,274 49,717,181 59,787,291 70,217,045 69,063,608
$28,028,318 $19,901,575 $32,067 ,576 $43,533,583 $32,052,281
179
City of Dublin
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
2008 2009
General Fund
Reserved $5,623,014 $5,343,610
Unreserved, designated for:
Advance to TVTD W. BART station contribution
Affordable Housing 1,000,000 1,000,000
Authorized expenditures 42,181,292 34,474,209
Capital improvements 8,884,334 11,049,175
Cash Flow & Operation Stability
Catastrophic Loss & Business Recovery
Capital Improvements Projects Carryover
Compensated Absences 744,041 791,582
Economic Uncertainty 2,970,722 5,868,847
Emergency Communication System 210,000
Fire Retiree Medical 500,000 750,000
Innovation & New Opportunities
Investment Market Value Adjustment 1,508,906 2,334,061
Operation Carryover 301,874
Service Continuity Obligation
Unreserved, undesignated
Non-Spendable
Restricted
Committed
Assigned
Unassigned
Total general fund $63,412,309 $62,123,358
All Other Governmental Funds
Reserved $50,789,419 $34,570,414
Unreserved, designated, reported in:
Special revenue funds
Capital projects funds
Un designated (1,837,021) (1,841,336)
Non-Spendable
Restricted
Committed
Assigned
Unassigned
Total all other governmental funds $48,952,398 $32, 729,078
Total All Governmental Funds $112,364,707 $94,852,436
Data Source: City of Dublin Administrative Services Department
2010
$5,922,446
1,000,000
1,000,000
3,960
7,394,088
8,860,000
8,420,000
203,507
802,311
5,868,847
1,000,000
4,500,000
13,000,000
1,516,569
171,100
$59,662,828
$25,004,384
(3,168,929)
$21,835,455
$81,498,283
Note: All Other Governmental Funds includes the City's Major and Non Major Capital Project and Special Revenue Funds,
excluding the General Fund.
2011
$4,096,768
27,893,755
17,407,053
14,745,685
$64,143,261
$21,453,867
(1, 735,988)
$19,717,879
$83,861,140
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.
180
2012
$3,433,886
24,176,650
22,080,677
15,072,535
$64,763,748
$38,073,638
(1,358,914)
$36,714,724
$101,478,472
2013
$2,836,130
500,000
36,020,171
23,912,896
14,047,932
$77,317, 129
$53,646,702
(1,098,607)
$52,548,095
$129,865,224
2014
$2,465,678
500,000
34,124,267
29,259,333
13,228,484
$79,577, 762
$61,710,448
(923,409)
$60,787,039
$140,364,801
2015
$1,475,691
500,000
38,531,179
35,875,264
21,324,360
$97,706,494
$75,646,848
21,743
(930,131)
$74,738,460
$172,444,954
2016
$729,883
579,000
38,928,755
39,078,695
29,867,693
$109,184,026
$84,453,929
13,138,509
$97,592,438
$206,776,464
181
2017
$198,878
1,762,000
36,213,714
50,126,807
34,114,263
$122,415,662
$82,686,743
11,808,233
$94,494,976
$216,910,638
City of Dublin
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
2008 2009 2010 2011 2012
Revenues:
Property taxes $22,229,039 $23,306,302 $22,286,209 $22,067,074 $22,398,847
Taxes other than property 18,188,593 15,436,466 15,783,099 17,210,947 19,761,015
Intergovernmental 3,431,314 2,393,153 7,951,237 3,946,271 3,962,572
Licenses and permits 1,784,644 1,623,029 2,260,364 2,752,748 4,501,736
Charges for services 8,101,935 7,759,628 7,100,403 8,743,460 10,331,501
Investment income 6,101,736 5,597,303 1,475,308 952,819 1,068,138
Use of property 335,151 989,081 1,491,413 978,642 659,857
Fines and forfeitures 360,496 318,737 312,778 303,595 284,993
Developer fees 18,226,041 1,875,841 4,387,339 9,390,001 15,965,329
Special assessments 797,520 826,717 868,348 904,739 944,455
Other revenues 2,497,249 3,312,774 1,778,477 4,135,091 4,509,762
Total revenues 82,053,718 63,439,031 65,694,975 71,385,387 84,388,205
Expenditures
Current:
General government 5,590,247 6,047,115 8,957,744 7,935,407 7,001,850
Police
Fire
Public works
Parks and community service
Economic development
Public safety 23,629,954 23,951,223 24,241,160 24,546,456 26,298,962
Highways and streets 2,719,532 3,168,513 2,985,311 3,030,540 2,768,068
Health and welfare 1,706,918 1,888,631 3,653,297 12,775,536 4,422,468
Culture and leisure services 7,207,896 7,621,663 7,267,805 7,223,808 8,248,229
Community development 8,335,105 7,364,651 5,300,211 5,609,603 7,362,732
Capital outlay:
General 411,293 4,221,956 742,754 599,965 6,641,674
Health and welfare
Community improvements 218,058 68,236 82,333 328,418 213,777
Culture and leisure 996,669
Parks 8,820,229 9,409,692 10,706,350 3,809,723
Streets 11,042,816 13,742,919 13,762,167 4,513,072 2,959,555
Debt service:
Principal
Total expenditures 69,682,048 77,484,599 77,699,132 70,372,528 66,913,984
Excess (deficiency ofrevenues over (under)
expenditures 12,371,670 (14,045,568) (12,004,157) 1,012,859 17,474,221
Other financing sources (uses):
Transfers in 77,528 26,232 25,777,410 9,163,360 10,898,009
Transfers out (77,528) {26,232} {25,777,410} {9,163,360} {10,754,898}
Total other financing
sources (uses) 143,111
Net change in fund balances $12,371,670 ($14,045,568) ($12,004, 157) 1,012,859 $17,617,332
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
182
2013 2014 2015 2016 2017
$23,742,336 $25,448,254 $29,437,951 $33,598,601 $36,964,784
20,915,025 23,769,133 25,371,476 28,676,662 28,020,877
4,534,748 2,574,159 3,245,822 3,303,521 9,352,861
5,224,932 5,944,985 6,025,685 6,139,420 7,770,259
11,979,079 12,326,848 13,737,934 13,846,381 14,185,768
(185,467) 1,101,634 1,071,936 3,689,940 168,792
580,507 1,591,784 2,352,810 6,751,864 1,539,669
326,027 323,601 320,629 290,871 260,220
19,545,692 15,757,068 18,578,172 37,240,622 19,454,100
980,775 1,025,239 1,264,201 1,359,214 1,416,721
9,134,201 2,712,998 3,473,012 1,323,855 1,724,880
96,777,855 92,575,703 104,879,628 136,220,951 120,858,931
7,600,102 8,411,507 10,663,140 20,110,958 12,421,915
15,697,432 17,886,990 17,183,853
11,930,245 12,265,614 13,442,239
8,481,686 8,616,323 13,433,983
9,731,003 10,791,185 8,934,718
808,272 604,777 891,602
26,643,549 27,381,497
3,096,498 3,042,476
4,149,599 4,379,634
8,919,816 9,349,729
8,586,129 9,102,734 6,059,180 11,348,674 11,652,735
8,866,096 13,316,472 1,241,494 666,478 1,922,766
81,234 21,497 68,190 117,104 3,854
2,324,586 9,451,657 4,742,328 23,469,847 26,113,810
4,946,527 2,403,926 3,568,142 3,652,808 10,516,675
75,214,136 86,861,129 72,991,112 109,530,758 116,518,150
21,563,719 5,714,574 31,888,516 26,690,193 4,340,781
16,338,838 25,192,268 9,625,456 27,912,037 38,313,026
(9,515,805) (20,385,523) (9,455,561) (29,903,351) (37,969,675)
6,823,033 4,806,745 169,895 (1,991,314) 5,793,393
$28,386, 752 $10,521,319 $32,058,411 $24,698,879 $10,134,174
0.0% 0.0% 0.0% 0.0% 0.0%
183
Fiscal
Year
Ended Residential
June30 Proeer!l'.
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 6,3 78,930,469
2014 7,135,260,308
2015 8,431,051,125
2016 9,662,162,719
2017 10,563,641,612
CITY OF DUBLJN. CALIFORNIA
Assessed Value of Taxable Property
Last Ten Fiscal Years
Real Proeer!l'.
Commercial Industrial Unsecured/ Less:
Proeer!l'. Proeer!l'. Other Proeer!l'. Exemetions
$1,112,837,055 $171,673,012 $1,072,734,321 (78,188,899.00)
1,241,301,664 198,082,746 1,032,449,487 (36,478,516.00)
1,326,481,267 212,939,326 983,426,713 (49,873,361.00)
1,285,382,821 209,573,141 843,686,092 (115,875,189.00)
1,263,207,583 246,434,460 859,683,607 (120,225,737.00)
1,330,147,064 245,481,519 948,525,966 (112,296,063.00)
1,336,760,537 246,334,563 1,035,990,618 (172,869,596.00)
1,391,578,857 274,410,187 1,138,571,747 (185,639,690.00)
1,481,865,501 277,588,684 1,261,568,728 (152,705,687.00)
1,572,348,815 276,986,936 1,412,347,150 (151,208,054.00)
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
$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
13,674,116,459
( 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
0.2385%
0.2385%
0.2386%
0.2386%
0.2386%
0.2380%
0.2373%
0.2367%
0.2365%
0.2363%
(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.
184
This Page Left Intentionally Blank
Fiscal
Year
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
Source:
CITY OF DUBLIN. CALIFORNIA
Direct and Overlapping Property Tax Rates
Last Ten Fiscal Years
(Rate per $100 of assessed value)
Cit~ Direct Rates Overlaf!f!ing Rates (l}
Castro Valley Chabot-Las Positas
Basic Total Bay Area Unified Community
Levy Direct Raf!id Transit School Bonds College Boards
1.00000 0.23850 0.00760 0.09720 0.01640
1.00000 0.23850 0.00900 0.09690 0.01830
1.00000 0.23860 0.00570 0.10230 0.01950
1.00000 0.23860 0.00310 0.10040 0.02110
1.00000 0.23860 0.00410 0.09890 0.02140
1.00000 0.23796 0.00430 0.09240 0.02190
1.00000 0.23730 0.00750 0.08510 0.02140
1.00000 0.23669 0.00450 0.08520 0.02170
1.00000 0.23650 0.00260 0.00000 0.01980
1.00000 0.00236 0.00800 0.00000 0.02460
Dublin
Unified
Bonds lA&B
0.08500
0.07320
0.08160
0.10110
0.09700
0.09930
0.11470
0.10770
0.07670
0.09720
HDL Coren & Cone and Alameda County Assessor Combined Tax 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.
186
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
0.00800 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 0.2818
0.00320 0.03330 0.00000 1.16630 0.2818
187
TaxEa~er
Avalon Dublin Station II LP $
Trust NOIP Dublin LP
Lennar Homes California Inc
4800 Tassajara Road Apts Invest LLC
Dublin Station Owner LLC
Dublin Corporate Ctr Acquisitions LLC
Essex Dublin Owner LP
Ross Dress for Less LLC
Toll California VIII LP
Bere Island Properties I LLC Et. Al.
Shops at Waterford LLC
Chang S. Lin
SR Structured Lot Options I LLC
Start HQ 2003
Toll CA II LP
Kaiser Foundation Hospitals
Bere Island Properties I LLC
Bit Holdings Sixty Three Inc
Tishman Speyer Archstone-Smith
Sorrento Dublin Ranch I LP
Subtotal $
CITY OF DUBLIN, CALIFORNIA
Principal Property Tax Payers
Current year and Nine Years Ago
2016-17
Percentage
of Total City
Taxable Taxable
Assessed Assessed
Value Rank Value
171,200,560 1 1.27%
158,226,898 2 1.17%
126,827,939 3 0.94%
117,665,619 4 0.87%
111,322,802 5 0.83%
104,150,110 6 0.77%
103,468,053 7 0.77%
101,458,011 8 0.75%
99,500,000 9 0.74%
90,725,055 10 0.67%
$
1,184,545,047 8.78% $
Source: HDL Coren & Cone and Alameda County Assessor Combined Tax Rolls
188
2007-08
Percentage
of Total City
Taxable Taxable
Assessed Assessed
Value Rank Value
125,653,003 1 1.77%
108,041,116 2 1.31%
106,000,000 3 1.28%
103,000,000 4 1.12%
73,267,311 5 0.89%
73,002,216 6 0.88%
80,662,173 7 0.88%
68,606,578 8 0.75%
66,976,050 9 0.73%
52,376,055 10 0.63%
857,584,502 10.24%
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
2008 $22,963,077 $22,446,3 86 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 35,304,627 34,734,843 98.39% 357,472 35,092,315 99.40%
2017 38,529,558 38,100,547 98.89% 335,955 38,436,502 99.76%
Source: Alameda County Assessor Office
189
Fiscal
Year
Ended
June30
200~
2009
2010
2011
2012
2013
2014
2015
2016
2017
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 $6,755,824
6,128,806 6,128,806
5,749,811 5,749,811
5,346,352 5,346,352
10,367,285 10,367,285
Total
Primary
Governments
$6,755,827
6,128,806
5,749,811
5,346,352
10,367,285
Percentage
of Personal
income
NIA
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.
190
CITY OF DUBLIN, CALIFORNIA
Direct and Overlapping Debt
June 30, 2017
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 ofDublin 1915 ActBonds
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
6/30/2017
$891,135,000
536,465,000
339,242,619
123,590,000
942,771
856,742,500
27,719,489
17,625,000
Percentage
Applicable to Estimated Share of
City ofDublin (!) Overlapping Debt
2.1270% $18,954,441
12.449% 66,784,528
99.971% 339,144,239
3.213% 3,970,947
100.00%
100.00% 942,771
$429 '796,926
5.409% 46,341,202
5.409% 1,499,347
0.193% 34,016
$47,874,565
$477,671,491
$477,671,491
(l) The percentage of overlapping debt applicable to the City is estimated using taxable assessed property value. Applicable percentages were
estimated by detennining 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.
<2l Excludes tax and revenue anticipation notes, enterprise revenue and mortgage revenue and non-bonded capital lease obligations.
191
CITY OF DUBLIN. CALIFORNIA
Legal Debt Margin Information
Last Ten Fiscal Years
Fiscal Year
2007-08 2008-09 2009-10 2010-11
Debt limit $308,541,411 $325,318,675 $314,675,089 $311,498,340
Total net debt applicable to limit
Legal debt margin $308,541,411 $325,318,675 $314,675,089 $311,498,340
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.
192
0.0%
Legal Debt Margin Calculation for Fiscal Year 2016-17
Assessed value (net) -June 30, 2017 (1) $13,674,116,459
Debt limit: 15% of assessed value 2,051,117,469
Less total bonded debt, general obligation
Legal debt margin (2) $2,051,117,469
Conversion Percentage for Calculation of Debt Limit (3) 25%
$512,779,367
Fiscal Year
2011-2012 2012-13 2013-14 2014-15 2015-16 2016-17
$318,144,981 $333,865,688 $361,622,926 $416,774,836 $469,892,998 $512,779,367
$318,144,981 $333,865,688 $361,622,926 $416,774,836 $469,892,998 $512,779,367
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
193
Fiscal
Year
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
Sources:
CITY OF DUBLIN, CALIFORNIA
Demographic And Economic Statistics
Last Ten Calendar Years
(Dollars in Thousands)
Per Capita
City Personal Personal Unemployment
Population (1) Income, in thousands (1) Income (1) Rate (2)
$43,563 $1,904,687 $43,723 2.8%
46,869 2,077,720 44,330 3.7%
47,953 2,034,463 42,426 6.5%
45,672 1,700,094 34,823 6.9%
46,785 1,677,944 35,865 6.3%
49,890 1,819,688 36,474 4.2%
53,462 2,321,908 43,431 3.5%
54,695 2,333,289 42,660 3.6%
57,349 2,562,296 44,679 2.9%
59,686 2,836,816 47,529 2.7%
(1) US Census Bureau, most recent estimates July 1, 2016
(2) California Department of Finance, most recent data available January 2016
(3) League of California Cities
194
Rankin Size
of
California Cities (3)
184
180
179
179
182
175
181
185
156
153
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 (1) (1) (1) Banlc DeEosits (2)
Source:
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
2017 2806 177,500,725 308,916,668
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 thru Dec.
195
$981,685,000
1,094,869,000
1,051,570,000
1,281,183,000
NIA
NIA
NIA
NIA
NIA
NIA
CITY OF DUBLIN, CALIFORNIA
Principal Employers
Current Year and Prior Year
(Dollars in thousands)
2016
Estimated
Number of
EmElo~er EmElo~ees Rank
United States Government
& Federal Correction Institute 2,100 1
Dublin Unified School District 915 2
County of Alameda 325 6
SAP (Formerly: Sybase Corporation) 700 3
Ross Stores Headquarters 500 4
Zeiss Meditec 500 4
Callidus Cloud 350 5
City of Dublin 237 9
Target Stores 350 5
De Silva Gates Construction 300 7
Safeway 280 8
Subtotal 6,557
Total City Day Population
Source: City of Dublin Economic Development Department
196
2017
Estimated
Number of
Em£loyees . Rank
2,100 1
975 2
860 3
NIA
800 4
481 5
400 6
377 7
350 8
300 9
280 10
6,923
This Page Left Intentionally Blank
CITY OF DUBLIN CALIFORNIA
Full-Time Equivalent City and Contract Government Employees by Function
Last Ten Fiscal Years
Ado~ted for Fiscal Year Ended June 30
2008 2009 2010 2011 2012
Function
General government
City Manager 6.50 6.50 6.00 6.00 6.50
Administrative Services 12.00 12.00 11.50 11.50 11.50
Central Services &
Building Management 3.51 3.52 3.18 3.32 3.57
Public Safety
Police 61.00 61.00 61.00 59.00 59.00
Fire 40.75 40.78 39.77 39.74 39.64
Disaster Preparedness 0.50 0.50 0.50 0.46 0.46
Transportation
Public Works 8.50 8.50 6.45 5.45 5.45
Streets Maintenance 10.73 9.93 9.18 9.85 9.85
Health and welfare
Environmental 2.50 2.50 3.00
Housing 1.75 2.90 3.20 3.00 2.25
Waste Management 0.33 1.33 0.33 0.33 0.33
Culture and leisure services
Parks Community Services 15.50 16.00 16.60 15.60 15.55
Park Maintenance 9.55 9.92 9.65 8.94 9.36
Parks/ Facilities Management 2.00 2.00 2.00 2.00 2.25
Library Services 0.45 0.43 0.39 0.42 0.42
Heritage & Cultural Arts 2.53 2.49 2.47 3.59 3.26
Community Development
Planning & Building 32.50 27.10 19.05 19.25 20.95
Economic Development 1.00 1.50 1.50 1.50 2.50
Engineering 13.35 12.35 9.00 8.00 9.00
Total 222.45 218.75 204.27 200.45 204.84
Source: City of Dublin Administrative Services Department
Note: Include Full Time, Part Time, Temporary, and Contract Employees
198
Adopted for Fiscal Year Ended June 30
2013 2014 2015 2016 2017
6.50 6.50 6.34 6.34 7.34
11.50 11.75 11.75 11.75 11.75
3.09 3.45 3.95 4.20 4.93
59.00 60.00 59.00 61.00 61.00
39.64 39.64 39.64 39.91 39.99
0.59 0.59 0.33 0.33 0.33
5.45 5.48 5.88 5.45 6.45
10.08 10.32 11.60 14.10 16.25
2.59 2.59 1.50 1.50 3.00
2.25 2.50 2.50 2.56 1.75
1.08 1.08 1.83 1.83 0.33
16.25 15.50 16.81 16.10 17.80
10.10 11.65 13.07 15.55 15.68
2.25 3.45 4.30 4.96 4.74
0.37 0.37 0.38 0.38 0.42
3.70 5.92 4.40 3.50 4.30
22.45 23.45 24.45 24.64 26.39
2.50 3.50 3.50 3.50 3.50
9.00 9.00 8.00 8.00 7.75
208.39 216.74 219.23 225.60 233.70
199
CITY OF DUBLIN CALIFORNIA
Operating Indicators by Function/Program
Last Ten Fiscal Years
Fiscal Year
Function/Program 2008 2009 2010 2011
Police:
Calls for Service 41,652 38,983 38,125 39,474
Citations Issued 11,768 7,086 10,101 9,023
Arrests 2,021 1,620 1,556 1,624
Fire:
Emergency calls 1,978 1,969 1,999 2,244
Inspections 2,213 1,952 3,576 2,833
Building Plan Reviews and Consultations 922 511 474 498
Public Works:
Bike Path Maintenance (hours) 775 775 697 603
Street Sign Maintenance (number of signs) 135 74 ·325 258
Curb Painting (linear feet) 2,468 2,395 6,607 5,464
Replace Street Asphalt (square feet) 33,000 29,000 30,000 57,000
Street Sweeping (curb miles) 6,075 6,341 5,083 5,294
Parks and Community Services:
Museum Visitors 2,225 2,040 3,530 3,680
Afterschool Recreation (participants/day) 180 167 176 240
Preschool Classes Participants 399 402 690 628
Youth Basketball League Participants 570 591 772 710
Senior Center Average Daily Attendance 185 190 198 206
Community Development:
Planning Applications 55 64 62 66
Building Permits 1,333 1,101 1,345 1,471
Building Inspections 25,602 12,302 8,933 11,308
Source: City of Dublin
200
Fiscal Year
2012 2013 2014 2015 2016 2017
38,580 34,966 34,567 32,496 35,005 38,688
9,229 8,699 8,530 7,175 7,087 7,164
1,542 1,419 1,934 1,091 1,225 1,315
2,323 2,688 2,859 2,667 2,734 2,848
3,308 3,538 3,664 3,948 4,304 4,141
1,319 1,492 1,561 1,072 1,633 1,654
625 668 749 416 799 695
313 205 426 368 510 359
6,523 6,400 5,808 32,512 2,922 3,846
26,000 37,000 18,112 15,800 31,000 73,436
5,519 5,901 5,931 5,953 5,993 6,026
4,415 8,612 8,256 5,272 3,591 3,525
27 228 322 364 363 367
610 571 430 327 335 158
729 812 911 994 1,074 1,156
217 211 220 233 236 274
62 77 59 56 52 58
2,110 2,425 2,443 2,068 2,812 2,806
15,961 26,045 22,345 20,197 20,784 25,186
201
CITY OF DUBLIN. CALIFORNIA
Capital Asset Statistics by Function/Program
Last Ten Fiscal Years
Fiscal Year
2008 2009 2010
Function/Program
Public safety:
Police stations 1 1
Fire stations 3 3
Public works:
Street Lights 4,193 4,479
Miles of Streets 93 103
Miles of curbs 217 218
Traffic Signals 79 81
City Street Trees 6,084 6,499
City Landscape (acres) 45 45
Parks and recreation:
Number of Community Facilities 7 7
Number of City Parks 16 16
Acres of City Parks 122 201
Acres of Open Space 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.
202
1
3
4,526
105
222
85
7,054
57
7
16
201
125
2011
3
3,780
113
223
85
7,418
57
7
18
209
125
Fiscal Year
2012 2013 2014 2015 2016 2017
1 1 1 1 1 1
3 3 3 3 3 3
4,281 4,354 4,513 4,520 4,530 4,540
115 116 120 120 120 127
237 242 248 248 248 254
89 91 93 93 94 95
7,268 7,408 7,477 7,521 8,556 8,526
65 67 69 70 74 74
7 7 7 6 6 7
18 18 20 20 20 18
209 209 220 220 220 277
125 125 125 125 125 125
203
Business Name
Barnes & Noble
Bed Bath & Beyond
Best Buy
Dick's Sporting Goods
Dublin Auto Group
Dublin Honda
Dublin Hyundai
Dublin Kia
Dublin Mazda
Dublin Nissan
Dublin Toyota
Dublin Volkswagen
Fallon Gateway Chevron
Graybar Electric
HD Supply
Lowes
Marshalls
Nordstrom Rack
REI
Safeway
Safeway Gas
Target
Tesla
TJMaxx
Toys R Us
CITY OF DUBLIN, CALIFORNIA
Top 25 Sales Tax Producers
2016-17
Business Category
Stationery/Book Stores
Home Furnishings
Electronics/ Appliances Stores
Sporting Goods/Bike Store
Motor Vehicle Dealer
Motor Vehicle Dealer
Motor Vehicle Dealer
Motor Vehicle Dealer
Motor Vehicle Dealer
Motor Vehicle Dealer
Motor Vehicle Dealer
Motor Vehicle Dealer
Service Stations
Electrical Equipment
Lumber/Building Materials
Lumber/Building Materials
Family Apparel
Family Apparel
Sporting Goods
Grocery/Liquor Store
Service Stations
Discount Department Store
Motor Vehicle Dealer
Family Apparel
Specialty Stores
Source: Hinderliter, de Llamas & Associates, State Board of Equalization
204
General
Date of Incorporation
Form of Government
CITY OF DUBLIN. CALIFORNIA
Miscellaneous Statistical Data
June 30, 2017
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 Heritage Center
Dublin Public Library
Shannon Community Center
Emerald Glen Activity Center
The Wave (Aquatics Facility)
Source: City of Dublin
205
February 1, 1982
Council/ Manager
59,686
26,916
233.70
14.91
18
277
125
7
2
1
1
1
9,958
1
61.00
3
39.99
1
1
3
1
1
6
1
This Page Left Intentionally Blank
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
AND
REQUIRED COMMUNICATIONS
FOR THE YEAR ENDED
JUNE 30, 2017
This Page Left Intentionally Blank
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
AND
REQUIRED COMMUNICATIONS
For the Year Ended June 30, 2017
Table of Contents
PaLye
Memorandum on Internal Control. ................................................................................................... l
Schedule of Significant Deficiencies ......................................................... ..............................3
Scheduleof Other Matters .......................................................................... ..............................5
Schedule of Prior Year Other Matters ....................................................... ............................... 7
RequiredCommunications .................................................................................. ..............................9
SignificantAudit Findings ........................................................................ ............................... 9
AccountingPolicies ............................................................................. ............................... 9
Unusual Transactions, Controversial or Emerging Areas ................. .............................10
AccountingEstimates .......................................................................... .............................10
Disclosures.......................................................................................... .............................11
Difficulties Encountered in Performing the Audit ............................ ............................... 11
Corrected and Uncorrected Misstatements ...................................... ............................... 11
Disagreements with Management ....................................................... .............................12
Management Representations ............................................................. .............................12
Management Consultations with Other Independent Accountants . .............................12
Other Audit Findings and Issues ........................................................ .............................12
Other Information Accompanying the Financial Statements ................. .............................12
This Page Left Intentionally Blank
MEMORANDUM ON INTERNAL CONTROL
To the City Council of
the City of Dublin
Dublin, California
MAZIE
In planning and performing our audit of the basic financial statements of the City of Dublin as of and for
the year ended June 30, 2017, 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.
Our consideration of internal control was for the limited purpose described in the preceding paragraph
and was not designed to identify all deficiencies in internal control that might be material weaknesses or
significant deficiencies and therefore material weaknesses or significant deficiencies may exist that were
not identified. 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. However, as discussed below, we identified certain deficiencies in internal control that we
consider to be significant deficiencies.
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. We
did not identify any deficiencies in internal control that we consider to be material weaknesses.
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. We consider the deficiencies in internal control included on the Schedule of Significant
Deficiencies to be significant deficiencies.
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 financial 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.
%a, 1.�VaA&
Pleasant Hill, California
November 12, 2017
T 925.930.0902
Accountancy Corporation F 925.930.0135
3478 Buskirk Avenue, Suite 215 1 Emaze@mazeassociates.com
Pleasant Hill, CA 94523 w mazeassocoatcs.corn
This Page Left Intentionally Blank
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF SIGNIFICANT DEFICIENCIES
2017 -01 Parks and Community Services System Implementation and Cash Deposit
Worksheets
Criteria: When financial modules are not interfaced with the general ledger, proper reconciliations must
be done to ensure the proper amounts are recorded in the general ledger. Any discrepancies found during
reconciliation must be immediately followed up and resolved.
Condition: The Parks and Community Services Department (PCS) uses a software application that is
separate from the City's financial system in recording revenue collection. The current procedures
required PCS to daily reconcile revenue collected with its system before submittal of the revenue and
revenue reports to the Administrative Services Department.
In examining the City's March 2017 bank reconciliation, we noted five deposits related to the PCS system
that were withheld by the City due to discrepancies between revenue reported in the revenue report and
actual revenue collected. These five deposits (one from January 2017, two from February 2017, and two
from March 2017) were subsequently deposited in April 2017 when the discrepancies were resolved.
In examining the City's April 2017 bank reconciliation, we noted another four deposits related to the PCS
system that were withheld by the City due to the same reason. These four deposits (two from March 2017
and two from April 2017) were subsequently deposited in May 2017 when the discrepancies were
resolved. On the April 2017 bank reconciliation, we also noted a stop payment that happened in February
2017 but was not posted to the PCS' system until May 2017.
In addition, we reviewed the Daily Cash Over /(Short) report for the month of June 2017 for The Wave, a
new cash collection site of the City. We noted that for twelve days in June, this site had a cash overage.
For fifteen days in June, this site had a cash shortage. The net overage (i.e. actual collection was higher
than what was reported in the system) for the month amounted to $1,339.60.
Cause: It appears that the primary cause for the cash deposit discrepancies is related to the PCS's
software application, which was implemented in January 2017. Since implementation, the City has
experienced significant connectivity problems when processing payments between PCS's software and
the third party payment processor. The connectivity issues have resulted in discrepancies between
informational reports generated from PCS's software system and actual payments made to the third party
payment processor. For example, we were told by City staff that loss of connection would result in
duplicate transactions recorded in the system.
In addition, while daily Deposit Worksheets were prepared by the staff at The Wave for the month of
June, it did not appear that the Worksheets were reviewed by a second employee as we only saw one set
of staff initial on the Worksheets.
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF SIGNIFICANT DEFICIENCIES
Effect: The implementation of the PCS's software application, connectivity issues, and the apparently
lack of review have resulted in unbalanced "Deposit Worksheets," multiple "timing adjustments"
reflected in the City's bank reconciliation, and delay in Finance's month -end close. These items
increased the risk of errors or misstatements going undetected and/or uncorrected in a timely manner.
Recommendation — We recommend the City work with the software company to improve the
connectivity issues. If the system is deemed unreliable in recording revenue transactions, the City should
look for alternative ways in logging revenue received. Any discrepancies noted during the daily
reconciliation should be followed up immediately before the revenue and revenue reports are submitted to
the Administrative Services Department. In addition, the daily reconciliation should be reviewed by a
second employee who does not handle revenue collection at that site.
Management Response: Finance Staff completed each month's bank reconciliation with pending PCS
items noted, which included discrepancies related to credit card processing and cash reporting at The
Wave. The City is working on process improvements in both these areas, as follows:
Credit Card Processing
Information Services (IS) Staff have been working directly with both the recreation software provider and
the credit card payment processor to determine the reason for the disconnect between those two systems
and implement a solution. IS Staff have also installed new credit card machines in various City locations,
which have resulted in some improvement in the transactions. Finance is also evaluating alternate third
party solutions to be deployed before the opening of the next season at The Wave.
Cash Handling/Reporting
During the facility's opening season, Finance Staff conducted an on -site audit of cash handling
procedures at The Wave, and delivered the findings to PCS Staff, along with recommendations to
improved processes. Finance will continue to conduct unannounced audits of the facility throughout the
current fiscal year. In addition, PCS Staff will perform a final level of review before transmitting reports
to Finance. .Finally, Finance Staff will receive training in the recreation software in order to provide
another level of reviewing and reporting as needed.
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 two years. We have
cited them here to keep you abreast of developments:
Effective in fiscal year 2017 -18:
GASB 75 – Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions
The primary objective of this Statement is to improve accounting and financial reporting by state and
local governments for postemployment benefits other than pensions (other postemployment benefits or
OPEB). It also improves information provided by state and local governmental employers about financial
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 postemployment
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 parry, 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.
GASB 85 – Omnibus 2017
The objective of this Statement is to address practice issues that have been identified during
implementation and application of certain GASB Statements. This Statement addresses a variety of topics
including issues related to blending component units, goodwill, fair value measurement and application,
and postemployment benefits (pensions and other postemployment benefits [OPEB]).
GASB 86 – Certain Debt Extinguishment Issues
The primary objective of this Statement is to improve consistency in accounting and financial reporting
for in- substance defeasance of debt by providing guidance for transactions in which cash and other
monetary assets acquired with only existing resources — resources other than the proceeds of refunding
debt—are placed in an irrevocable trust for the sole purpose of extinguishing debt. This Statement also
improves accounting and financial reporting for prepaid insurance on debt that is extinguished and notes
to financial statements for debt that is defeased in substance.
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF OTHER MATTERS
Effective in fiscal year 2018 -19:
GASB 83 - Certain Asset Retirement Obligations
This Statement addresses accounting and financial reporting for certain asset retirement obligations
(AROs). An ARO is a legally enforceable liability associated with the retirement of a tangible capital
asset. A government that has legal obligations to perform future asset retirement activities related to its
tangible capital assets should recognize a liability based on the guidance in this Statement.
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF PRIOR YEAR OTHER MATTERS
2016 -01 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.
Prior -Year Management Response: The super -user access role of the Assistant Administrative
Services Director to the financial system is not an oversight by the Finance Department, the
access setting is based on the staffing 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; all employee timesheets are reviewed and
approved by their respective supervisors and payroll processor. The recommendation of
removing super -user rights from all finance 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.
Current Status: The City has taken the corrective actions noted above.
7
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF PRIOR YEAR OTHER MATTERS
2016 -02 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
recommend 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.
Fiscal year 2016 Management Response: The City will adopt the auditors' recommendation and
expense all project costs in the same year incurred that is not eligible to be capitalized.
Current Status: In fiscal year 2017, the City reported $38,557,105 in capital outlay expenditures and
$35,767,051 in corresponding capital assets additions. The difference between the two amounts, $2.8
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.
REQUIRED COMMUNICATIONS
To the City Council of
the City of Dublin
Dublin, California
N Al MAZE
�T
We have audited the basic financial statements of the City of Dublin for the year ended June 30, 2017.
Professional standards require that we communicate to you the following information related to our audit
under generally accepted government audit standards and Government .Auditing 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 listed below:
The following Governmental Accounting Standards Board (GASB) pronouncements became effective,
but did not have a material effect on the financial statements:
GASB Statement 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 oL GASB Statements 67 and 68
GASB Statement No. 74 — Financial Reportinz for Postemployment Benefit Plans Other Than
Pon.vinn Plawv
GASB Statement No. 80 — Blendinz Requirements , for Certain Component Units —an
amendment of GASB Statement No. 14
The following pronouncement became effective and required modifications to the financial statements.
GASB Statement No. 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.
The pronouncement became effective, and applicable agreements are disclosed in Note 15 to the
financial statements.
T 925.930.0902
Accountancy Corporation F 925.930.0135
3478 Buskirk Avenue, Suite 215 9 Emaze@mazeassociates.com
Pleasant Hill, CA 94523 w mazaassociates.com
GASB Statement No. 82 — 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 Reporting for 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.
The pronouncement became effective, but did not have a material effect on the financial
statements, and only affected the Pension - Related Required Supplementary Information.
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.
Accounting Estimates
Accounting estimates are an integral part of the financial 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
financial statements and because of the possibility that future events affecting them may differ
significantly from those expected. The most sensitive estimates affecting the City's financial statements
were:
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 Net OPEB Obligation: Management's estimate of the net OPEB obligation is
disclosed in Note 11 to the financial statements and is based on actuarial study determined by a
consultant, which is 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.
10
Estimated Fair Value of Investments: As of June 30, 2017, the City's cash and investments were
measured by fair value as disclosed in Note 3 to the financial statements. Fair value is essentially
market pricing in effect as of June 30, 2017. These fair values are not required to be adjusted for
changes in general market conditions occurring subsequent to June 30, 2017.
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 financial 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.
Estimate of Compensated Absences: Accrued compensated absences which are comprised of
accrued vacation, holiday, and certain other compensating time is estimated using accumulated
unpaid leave hours and hourly pay rates in effect at the end of the fiscal year as disclosed in Note
I.G. to the financial statements. We evaluated the key factors and assumptions used to develop the
accrued compensated absences and determined that it is reasonable in relation to the basic financial
statements taken as a whole.
• Estimated Claims Liabilities: Management's estimate of the claims liabilities payable is disclosed in
Note 12 to the financial statements and is based on actuarial studies determined by a consultant,
which are based on the claims 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.
Disclosures
The financial statement disclosures are neutral, consistent, and clear.
Difficulties Encountered in Performing 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.
11
Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, reporting, or
auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial
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 in a management
representation letter dated November 12, 2017.
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 City's financial 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 financial 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 financial 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 financial
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 financial 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.
12
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.
Pleasant Hill, California
November 12, 2017
13
This Page Left Intentionally Blank
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION -
MEASURE B FUNDS
FOR THE YEAR ENDED JUNE 30, 2017
This Page Left Intentionally Blank
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
For the Year Ended June 30, 2017
Table of Contents
Page
IndependentAuditor's Report .......................................................................................... ............................... 1
Financial Statements
CombinedBalance Sheet ........................................................................................ ............................... 3
Combined Statement of Revenues, Expenditures and Changes in Fund Balance ............................... 4
Notesto Financial Statements ................................................................................ ............................... 5
Independent Auditor's Report On Measure B Compliance ......................................... ............................... 7
This Page Left Intentionally Blank
IV, MA �ZTE
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, 2017, 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 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 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.
T 925.930.0902
Accountancy Corporation F 925.930.0135
3478 Buskirk Avenue, Suite 215 1 Emaze@mazeassociates.com
Pleasant Hill, CA 94523 w mazeassociates.com
Opinion
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, 2017, and the change in financial
position for the year then ended in accordance 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 30, 2017, 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
12, 2017, 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.
N a,,& ji /%. a",&
Pleasant Hill, California
November 12, 2017
City of Dublin
Alameda County Transportation Commission - Measure B Funds
Combined Balance Sheet
June 30, 2017
Total liabilities and fund balances $455,919 $386,396 $842,315
See accompanying Notes to Financial Statements
3
Special
Revenue Funds
Measure B
Measure B
Local
Bike and
Streets
Pedestrian
Total
ASSETS
Cash and investments
$385,119
$359,228
$744,347
Direct Local Distribution Program Receivable
70,800
27,168
97,968
Total assets
$455,919
$386,396
$842,315
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
$52
$52
Total liabilities
52
52
Fund Balances:
Restricted for Measure B Programs and Projects
$455,919
386,344
842,263
Total fund balances
455,919
386,344
842,263
Total liabilities and fund balances $455,919 $386,396 $842,315
See accompanying Notes to Financial Statements
3
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, 2017
REVENUES:
Direct Local Program Distribution Allocation
Interest
Total revenues
EXPENDITURES:
Current:
Highway and Streets
Capital outlay:
Street Overlay Program
Citywide Bicycle and Pedestrian Improvements
Annual Street Resurfacing
San Ramon Road Bypass
Total expenditures
NET CHANGE IN FUND BALANCES
FUND BALANCES:
Beginning of year
End of year
Special
Revenue Funds
Measure B
Measure B
Local
Bike and
Streets
Pedestrian
$458,222
3,719
461,941
441,298
11,691
119,539
572,528
$175,830
3,267
179,097
10,945
30,000
12,260
53,205
Total
$634,052
6,986
641,038
10,945
471,298
11,691
119,539
12,260
625,733
(110,587) 125,892 15,305
566,506 260,452 826,958
$455,919 $386,344 $842,263
See accompanying Notes to Financial Statements
4
1
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30,2017_
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 financing 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.
NOTE 2 — 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.
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30, 2017
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, 2017.
NOTE 4 — MEASURE B FUNDS
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.
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.
N M A
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, 2017 and the related
notes to the financial statements, and have issued our report thereon date November 12, 2017.
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, 2017.
Accountancy Corporation
3478 Buskirk Avenue, Suite 215
Pleasant Hill, CA 94523
T 925.930.0902
F 925.930.0135
Emaze@mazeassociates.com
w mazeassociates.com
7
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 12, 2017 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.
r 46 �/M ID C�A&
u
Pleasant Hill, California
November 12, 2017
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY
VEHICLE REGISTRATION FEE (VRF)
MEASURE F PROGRAM
FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2017
This Page Left Intentionally Blank
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY VEHICLE REGISTRATION FEE (VRF)
MEASURE F PROGRAM
FINANCIAL STATEMENTS
For The Year Ended June 30, 2017
Table of Contents
Page
IndependentAuditor's Report ............................................................................................ ............................... 1
Financial Statements:
BalanceSheet ................................................................................................... ............................... 3
Statement of Revenues, Expenditures and Changes in Fund Balance ............ ............................... 4
Notesto Financial Statements ........................................................................... ............................... 5
Independent Auditor's Report on Vehicle Registration Fee (VR)F) Measure F Compliance .................... 7
This Page Left Intentionally Blank
IVA' M AZ C
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 financial 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, 2017, and the related notes to the financial statements, which collectively comprise
the Measure F Program's 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 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 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.
T 925.930.0902
Accoun—'Eancy Corporation F 925.930.0135
3478 Buskirk Avenue, Suite 215 1 Emaze@mazeassociates.com
Pleasant Hill, CA 94523 w mazeassociates.comn
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of the Measure F Program of the City as of June 30, 2017, and the change in financial
position for the year then ended 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 Measure F Program and do not purport
to, and do not present fairly the financial position of the City as of June 30, 2017, 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 12,
2017 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
MaC4,U
Pleasant Hill, California
November 12, 2017
2
City of Dublin
Alameda County Transportation Improvement
Authority - Vehicle Registration Fee
Balance Sheet
June 30, 2017
Vehicle
Registration
Fee Special
Revenue Fund
ASSETS
Cash and investments $ 184,016
Direct Local Distribution Program Receivable 49,555
Total assets $ 233,571
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable $ 26,055
Total liabilities 26,055
Fund Balances:
Restricted 207,516
Total fund balances 207,516
Total liabilities and fund balances $ 233,571
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, 2017
REVENUES:
Direct Local Distributions
Interest
Total revenues
EXPENDITURES:
Current:
Highway and Streets
Capital Outlay:
Village Parkway Traffic Signal Program
Signal Communication Upgrade
Total expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE:
Beginning of year
End of year
Vehicle
Registration
Fee Special
Revenue
Fund
$ 276,584
2,338
278,922
144,951
129,601
12,078
286,630
(7,708)
215,224
$ 207,516
See accompanying Notes to Financial Statements
4
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY VEHICLE REGISTRATION FEE (VRF) MEASURE F PROGRAM
Notes to the Financial Statements
for the Year Ended June 30, 2017
NOTE 1— 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 of registered vehicles of the planning area.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES
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 VEHICLE REGISTRATION FEE (VRF) MEASURE F PROGRAM
Notes to the Financial Statements
for the Year Ended June 30, 2017
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.
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.
NOTE 4 — MEASURE F (VEHICLE 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.
Con
JV� MAZE
�T
4,
INDEPENDENT AUDITOR'S REPORT ON VEHICLES 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, 2017 and the related
notes to the financial statements, and have issued our report thereon date November 12, 2017.
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.
T 925.930.0902
Accountancy Corporation F 925.930.0135
3478 Buskirk Avenue, Suite 215 Emaze@mazeassociates.com
Pleasant Hill, CA 94523 w mazeassociates.corn
Opinion on Measure FPrograms
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 F Program for the year ended
June 30, 2017.
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 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, or 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 12, 2017 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.
k- k a-Z 0 � ow--
1 ,t& c�
Pleasant Hill, California
November 12, 2017
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY TRANSPORTATION COMMISSION -
MEASURE BB PROGRAM
FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2017
This Page Left Intentionally Blank
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE BB FUNDS
For the year ended June 30, 2017
Table of Contents
Page
IndependentAuditor's Report ............................................................................... ..............................1
Financial Statements:
CombinedBalance Sheet ................................................................................... ............................... 3
Combined 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
[1, MAZE
�T
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 accompanying 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, 2017, 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 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 fraud 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.
T 925.930.0902
Accountancy Corporation F 925.930.0135
3478 Buskirk Avenue, Suite 215 1 E maze @mazeassociates.com
Pleasant Hill, CA 94523 w mazeassociates.com
Opinion
In our opinion, the financial statements referred to above present fairly in all material respects the
financial position of the Measure BB Program at June 30, 2017 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, 2017, 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 12,
2017 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.
4Y�a 5 e- 4 � /)-3 0 C4�A
Pleasant Hill, California
November 12, 2017
2
City of Dublin
Alameda County Transportation Commission
- Measure BB Balance Sheet
For the year ended June 30, 2017
ASSETS
Cash
Direct Local Distribution Program Receivable
Total assets
Fund Balances:
Restricted
Total fund balances
Total liabilities and fund balances
Local Streets Bike and
and Roads Pedestrian
$585,575 $84,311
63,180 22,042
$648,755 $106,353
$648,755 $106,353
648,755 106,353
$648,755
See accompanying Notes to Financial Statements
3
Totals
$669,886
85,222
$755,108
$755,108
755,108
$106,353 $755,108
City of Dublin
Alameda County Transportation Commission
- Measure BB Statement of Revenues,
Expenditures and Changes In Fund Balance
For the year ended June 30, 2017
See accompanying Notes to Financial Statements
4
Local Streets
Bike and
and Roads
Pedestrian
Totals
REVENUES:
Direct Local Distributions
$408,414
$142,487
$550,901
Interest
6,182
1,830
8,012
Total revenues
414,596
144,317
558,913
EXPENDITURES:
Capital outlay:
Street Overlay Program
230,000
200,000
430,000
Total expenditures
230,000
200,000
430,000
NET CHANGE IN FUND BALANCE
184,596
(55,683)
128,913
FUND BALANCE:
Beginning of year
464,159
162,036
626,195
End of year
$648,755
$106,353
$755,108
See accompanying Notes to Financial Statements
4
CITY OF DUBLIN, CALIFORNIA
MEASURE BB PROGRAM
Notes to the Financial Statements
For the year ended June 30, 2017
NOTE 1— BACKGROUND
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
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 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.
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.
CITY OF DUBLIN, CALIFORNIA
MEASURE BB PROGRAM
Notes to the Financial Statements
For the year ended June 30, 2017
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.
n
AZE M CT
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, 2017 and the related notes to the financial
statements, and have issued our report thereon date November 12, 2017.
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.
Opinion on Measure BB Program
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,
2017.
T 925.930.0902
000upl� "ancy corpora-'Non F 925.930.0135
3478 Buskirk Avenue, Suite 215 7 Emaze@mazeassociates.com
Pleasant Hill, CA 94523 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 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 12, 2017 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.
qqciu 4 moc4Ar
Pleasant Hill, California
November 12, 2017
CITY OF DUBLIN, CALIFORNIA
TRANSPORTATION DEVELOPMENT
ACT ARTICLE III FUND
FINANCIAL STATEMENTS
FOR THE FISCAL YEARS ENDED
JUNE 30, 2017 and 2016
This Page Left Intentionally Blank
CITY OF DUBLIN
TRANSPORTATION DEVELOPMENT ACT
ARTICLE III FUND
For The Years Ended June 30, 2017 and 2016
Table of Contents
Paee
IndependentAuditor's Report ................................................................................... ..............................1
Financial Statements:
BalanceSheets ..................................................................................................... ............................... 3
Statements of Revenues and Expenditures and Changes in Fund Balance ....... ............................... 4
Notesto 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
GovernmentAuditing Standards ......................................................................... ............................... 7
This Page Left Intentionally Blank
[\/A M A
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 III
Fund (TDA Fund) of the City of Dublin, California, as of and for the years ended June 30, 2017 and 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 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 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 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 financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinions.
T 925.930.0902
Accountancy Corporation 1 F 925.930.0135
3478 Buskirk Avenue, Suite 215 Emaze@mazeassociates.com
Pleasant Hill, CA 94523 w mazeassociates.com
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of the TDA Fund as of June 30, 2017 and 2016, 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 financial statements present only the TDA Fund and do not purport to, and do
not present fairly the financial position of the City as of June 30, 2017 and 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 12,
2017, 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.
/q(41f- '( IAoC�
Pleasant Hill, California
November 12, 2017
2
City of Dublin
TDA Fund
Balance Sheets
June 30, 2017 and 2016
ASSETS
Accounts receivable
Total assets
LIABILITIES
Due to other funds
Total liabilities
FUND BALANCE:
Restricted
Total liabilities and fund balances
11117 1) f11 F
$ 115,000
$ 115,000
$ 115,000 $ 33,311
115,000 33,311
(33,311)
$ 115,000 $ -
See accompanying Notes to Financial Statements
3
City of Dublin
TDA Funds
Statements of Revenues, Expenditures and Changes In
Fund Balance
For the years ended June 30, 2017 and 2016
IIMMUM
Intergovernmental
Total revenues
EXPENDITURES
Pedestrian/Bicycle (Note 3)
CHANGE IN FUND BALANCES
FUND BALANCES:
Beginning of year
End of year
2017 2016
$ 148,311
148,311
115,000 $ 33,311
33,311 (33,311)
(33,311)
$ - $ (33,311)
See accompanying Notes to Financial Statements
4
CITY OF DUBLIN
TRANSPORTATION DEVELOPMENT ACT ARTICLE III FUND
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended June 30, 2017
NOTE I — DESCRIPTION OF REPORTING ENTITY
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 Bicycle/Pedestrian Project.
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.
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 III FUND
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended June 30, 2017
NOTE 3 — TDA ARTICLE III REVENUE AND EXPENDITURES
The following is a summary of the project grant revenues and total expenditures.
MTC TDA Gant 2015 -2016 2016 -2017 Total Unexpended
Project Name Allocation # Award Expenditures Expenditures Expenditures Balance
Pedestrian/Bicycle; Capital 15001065 $ 148,311 $ (33,311) $ (115,000) $ (148,311)
Total $ 148,311 $ (33,311) $ (115,000) $ (148,311)
[\/A M A
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 GO VERN?VIENT A UDITING 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 Transportation
Development Act Article III Fund (TDA Fund) as of and for the year ended June 3 0, 2017, and the related
notes to the financial statements, and have issued our report thereon dated November 12, 2017.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the TDA Fund'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 the TDA Fund's internal control. Accordingly,
we do not express an opinion on the effectiveness of the TDA Fund'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 TDA Fund'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.
T 925.930.0902
Accountancy Corporation 7 F 925.930.0135
3478 Buskirk Avenue, Suite 215 Emaze@mazeassociates.com
Pleasant Hill, CA 94523 w mazeassociates.com
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the TDA Fund'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 and §6667 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 12, 2017 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 results of that testing, and not to provide an opinion on the effectiveness of the TDA Fund's internal
control or on compliance. This report is an integral part of an audit performed in accordance with
Government Auditing Standards in considering the TDA Fund'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; however, this
restriction is not intended to limit the distribution of this report, which is a matter of public record.
Pleasant Hill, California
November 12, 2017
IVA, MA CZT
INDEPENDENT ACCOUNTANT'S REPORT ON
APPLYING AGREED UPON PROCEDURES FOR
COMPLIANCE WITH THE PROPOSITION 111
2017 -2018 APPROPRIATIONS LIlMT INCREMENT
Honorable Mayor and Members of the City Council
City of Dublin, California
We have performed the procedures below, on the Appropriations Limit Worksheet (Worksheet), which were
agreed to by the City of Dublin, for the year ended June 30, 2018. The City's management is responsible
for the Worksheet. These procedures, which were suggested by the League of California Cities and
presented in their Article XM Appropriations Limitation Uniform Guidelines were performed solely to
assist you in meeting the requirements of Section 1.5 of Article XM of the California Constitution. 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 Worksheet and determined that the 2017 -2018 Appropriations Limit of
$314,611,477 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 2017 -2018 Appropriations Limit by multiplying the 2016 -2017 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 Worksheet, we agreed the Per Capita Income, City Population and County Population
Factors to California State Department of Finance Worksheets.
D. In addition, for the Worksheet, we recomputed the Local Non - Resident Construction Factor by
dividing the Total Change in Assessed Value by the Non - Residential New Construction amount.
We agreed the Non - Residential New Construction amount to the Alameda County's "Non -
Residential New Construction for the 2017/2018" Report. We also recomputed the Total Change
in Assessed Value by subtracting the 2015 -2016 Assessed Value from the 2016 -2017 Assessed
Value. We further agreed the Assessed Values to the HdL Growth by Use Category Reports for
fiscal years 2015 -16 and 2016 -17.
This agreed -upon procedures engagement was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants. We were not engaged to and did
not conduct an examination or review, the objective of which would be the expression of an opinion or
conclusion, respectively, on the Worksheet. Accordingly, we do not express such an opinion or conclusion.
Had we performed additional procedures, other matters might have come to our attention that would have
been reported to you.
T 925.930.0902
cc ouMancy Corporation F 925.930.0135
3478 Buskirk Avenue, Suite 215 Emaze@mazeassociates.com
Pleasant Hill, CA 94523 w mazeassocoates.c®rn
This report is intended solely for the information and use of management and the City Council and is not
intended to be and should not be used by anyone other than those specified parties; however, this
restriction is not intended to limit the distribution of this report, which is a matter of public record.
Pleasant Hill, California
November 12, 2017