HomeMy WebLinkAboutItem 4.02 FinStatmnts&AuditRpt (2) CITY OF DUBLIN
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: January 11 , 1993
SUBJECT: Fiscal Year 1991-92 Financial Statements an. A dit
Report
(Prepared by: Stanley Stephens, Jr. ) Ago
EXHIBITS ATTACHED: Exhibit 1 : Comprehensive Annual Financial Report,
June 30, 1992
Exhibit 2: Financial Report (Final) , June 30, 1992
Exhibit 3: 7 Schedule of Supplemental Appropriations,
FY 1991-92
RECOMMENDATION: Receive the June 30, 1992 Comprehensive Annual
Financial Report with Auditor's Report thereon; Receive
`�~� the final June 30, 1992 (monthly) Financial Report; and
Authorize the year end supplemental appropriations
described in Exhibit 3.
FINANCIAL STATEMENT: See Below.
DESCRIPTION: The City of Dublin has compiled and published its
Comprehensive Annual Financial Report (CAFR) for the fiscal year ending
June 30, 1992 on which the Auditors, Maze and Associates, have issued an
unqualified opinion. The Auditors met with the Audit Committee on December
8, 1992 to discuss the CAFR and the City's financial operations. It is
worth noting that the Auditors issued no Management Letter this year since
their Audit disclosed no matters which required corrective action (i.e.
internal controls, errors, or irregularities) . The Letter of Transmittal,
starting on page 1 of the CAFR, provides an excellent overview of the
CAFR's contents, as well as highlights of a number of other important
areas.
Last year's CAFR received awards from both national and California
professional organizations based on their stringent peer review programs.
(See pages 12 and 13. ) We have submitted the 1992 CAFR for similar reviews
and fully expect to receive the awards again.
Our monthly in-house Financial Report for June 30, 1992 is submitted in
"final" form and includes all adjustments required in closing the books and
preparation of the CAFR. In this process, certain expenditures were
recorded (or had been recorded during the regular accounting process) which
exceeded the budgeted appropriations adopted by the City Council. Exhibit
3 lists those overexpended appropriations, by fund and department/function,
with comments on all material variances.
The General Fund had five such variances totaling $17,788, related to
various operating activities. One capital improvement fund had no current
year appropriations, but all expenditures had been authorized by the City
Council and appropriated in the previous Fiscal Year (FY 1990/91 ) .
Finally, two assessment districts exceeded their original appropriations,
by department; however, sufficient uncommitted departmental appropriations
or fund balances were available for all expenditures over appropriated
amounts.
Staff recommends that the City Council approve appropriation changes as
listed on Exhibit 3 attached.
a:111$rpt.agenda#11
COPIES TO:
X A22/ X30 50
ITEM NO. 42
CITY CLERK
FILE I 3 / 10 -13.0
City of Dublin
California
Compreli e-nsive Annual Financial Report
For Fiscal Year Ended
June 30, 1992
EMT
CITY OF DUBLIN
DUBLIN, CALIFORNIA
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
. .
FOR THE YEARS ENDED JUNE 30, 1992 AND JUNE 30, 1991
• . •
Prepared by
DEPARTMENT OF FINANCE
(This Page Left Blank Intentionally)
INTRODUCTORY SECTION
I__
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Years Ended June 30, 1992 and 1991
Table of Contents
Pagc
INTRODUCTORY SECTION
Table of Contents i
Letter of Transmittal 1
Elected Officials and Administration Personnel 10
Organization Chart of Major City Activities 11
GFOA Certificate of Achievement for Excellence
in Financial Reporting 12
CSMFO Certificate of Award for Outstanding
Financial Reporting 13
FINANCIAL SECTION .
Independent Auditor's Report 17
General Purpose Financial Statements
Combined Balance Sheets-All Fund Types and
Account Groups 20
Combined Statements of Revenues,Expenditures
and Changes in Fund Balances-All Governmental
Fund Types 23
Combined Statement of Revenues,Expenditures and
Changes in Fund Balances-Budget and Actual-
General,Special Revenue and Capital Projects Fund Types 24
Combined Statements of Revenues,Expenses and
Changes in Fund.Equity-All Proprietary
Fund Types 26
Combined Statements of Cash Flows-All Proprietary Fund Types 27
Notes to General Purpose Financial Statements 28
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Years Ended June 30, 1992 and 1991
Table of Contents
Page
Combining Fund Statements and Schedules
General Fund
Comparative Balance Sheets 49
Statements of Revenues,Expenditures and Changes
in Fund Balance-Budget and Actual 50
Schedule of Budget Versus Actual Departmental Expenditures 51
Special Revenue Funds
Combining Balance Sheets 54
_ - Combining Statements of Revenues,Expenditures
and Changes in Fund Balances 56
Combining Statement of Revenues,Expenditures
and Changes in Fund Balances-Budget and Actual 58
Schedule of Budget Versus Actual Departmental Expenditures 64
Capital Projects Funds
Combining Balance Sheets 66
Combining Statements of Revenues,Expenditures
and Changes in Fund Balances 67
Combining Statement of Revenues,Expenditures
and Changes in Fund Balances-Budget and Actual 68
Schedule of Budget Versus Actual Departmental Expenditures 70
Agency Funds
Combining Statement of Changes in Assets and Liabilities 72
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Years Ended June 30, 1992 and 1991
Table of Contents
PUG
STATISTICAL SECTION
Governmental Expenditures by Function-All Governmental
Fund Types-Last Ten Fiscal Years 75
General Governmental Revenues by Source-All Governmental
Fund Types-Last Ten Fiscal Years 76
Assessed and Estimated Actual Value of
Taxable Property-Last Ten Fiscal Years 77
Property Tax Rates-All Overlapping
Governments-Last Ten Fiscal Years 78
Computation of Legal Debt Margin 79
•
Computation of Direct and Overlapping Debt 80
Demographic Statistics-Last Ten.Fiscal Years 81
Property Value,Construction,and Bank Deposits
-Last Ten Fiscal Years 82
Miscellaneous Statistical Data 83
Schedule of 1985 Certificates of Participation
Coverage-Fiscal Years 1985-1988 84
-
Schedule of 1988 Certificates of Participation
Coverage-Last Five Fiscal Years 85
California Public Employees Retirement System
Funding Analysis-Fiscal Years 1986-1992 86
Property Tax Levies and Collections-
Last Nine Fiscal Years 87
Principal Taxpayers 88
111
OF
�P' 82 CITY OF DUBLIN "Celebrating 10 Years Of Cityhood 1982-1992"
�� <�s�
P.O. Box 2340, Dublin, California 94568 • City Offices, 100 Civic Plaza, Dublin, California 94568
To the Honorable Mayor, November 13, 1992
Members of the City Council ,
and City Manager •
City of- Dublin, California
Transmittal Letter Introduction
This is the Comprehensive Annual Financial Report for the City of Dublin -for the
year ended June 30, 1992. The responsibility for the accuracy, completeness,
and fairness of the material presented in this report rests with the City
The report is prepared in conformance with the guidelines of the Government
Finance Officers Association, and the governmental accounting requirements of
the American - Institute of Certified Public Accountants. This report fairly
presents in all material respects the financial position, results of operations
and the current economic environment of the City of Dublin.
Report Format- -
The Introductory Section provides narrative information about the City's ,
background, important recent activities and the management organization
structure. The narrative material- appears within the Transmittal letter. Also
included are the directory of City Officials, and the organization chart.
The Financial Section contains the audited financial -statements, and the opinion
of the City's Independent Auditors concerning the fairness of the informati-on in
the financial statements.
The Statistical Section provides historical and perspective information about
the City's financial , economic and industrial environment. .
The Reporting Entity
Dublin is a_ General Law City. It was incorporated in the State of California in
February 1982., Dublin is referred to as a contract city, because many of the
common municipal functions are provided through contracts with both private
companies and other governmental agencies. The City's police services, for
• example, are provided through a contract with. the Alameda County Sheriff's
Department. The street maintenance services and park maintenance. services are
- currently provided by contracts with MCE Corporation. City engineering
services are augmented with off-site engineers provided by Santina & Thompson
Inc. The Planning Department depends heavily on assistance from private .
contracted help from professional planners to provide the additional services '
required for land use development.
The City established a separate legal entity called Dublin Information Inc. ,
which is included in the reporting entity. This non-profit entity was created to
assist in reducing the postage cost of mailing the City's periodic newsletters,
1
Administration (510) 833-6650•City Council (510) 833-6605• Finance (510) 833-6640•.Building Inspection (510)833-6620
Code Enforcement(510) 833-6620 • Engineering (510) 833-6630 • Planning (510) 833-6610 -
Police (510) 833-6670 • Public Works(510) 833-6630 • Recreation (510)833-6645
•
calendars and recreation brochures. The entity's functions were expanded after
the first few _years of operations, when the City Council realized that the -
growth in the City coupled with the corresponding growth in City staff, plus the
desire to provide the City with its own identity, required_the construction
of a 53,000 square foot Civic Center. Certificates-of-Participation were
issued for construction of the Center by Dublin Information Inc. , the municipal
conduit for administering the debt service on the long term instruments. The
City administration, which occupies the Civic Center, uses General Fund
resources to pay for rental space from Dublin Information Inc. on a year-by-year
basis. --
After Dublin acquired the responsibility for fire suppression services as well
as park maintenance services from the Dublin San Ramon Services District (DSRSD)
the City also received the allotment of property tax revenue, which was
previously assigned to DSRSD. Because the district previously provided fire
suppression services to both the cities of San Ramon and Dublin, the two cities
formed a joint powers authority to maintain the integrity of the fire services.
Each city makes payments for its pro-rata share for the amount of the operating
and maintenance costs of the authority.
Economic Conditions
The City is located at the crossroads of two main thoroughfares: Interstate 680
and Interstate 580. This has helped to generate a healthy financial climate for
the City. However, the Tri-Valley area, which includes the cities of Dublin,
Pleasanton, San Ramon and Livermore, has recently noticed the impact of the
recession.
City of Dublin
Percentage Sales Tax Revenue Generated
GENERAL MERCHANDISE
DRUG & FOOD STORES 10`%� CAR DEALERS
FRS 20%
RESTAURANTS 5% - •
11%
`l 30%
AFFLIANCE STORES 14
LIGI-IT INDUSTRY OTHER BUSI. TYPES
SERVICE STATIONS
SOURCE CALIFORNIA STATE BOARD OF EQUALIZATION
2
COMPARISON OF PER CAPITA TAXABLE SALES
City of Dublin and three surrounding communities
Dublin
Pop 76,160
Pleasanton
Pep 07,000 '+'•"'—�' S�Se:.�s 'G!6
•
r f jj:% jbes:
San Ramon ��� %/��%��
Pop 76,700 I •
Livermore
Pop 60,+00 j !%%���'�
$0 $5 $10 $15 $20 $25
Thousands
En annual data
More than most California cities, Dublin's operating funds rely heavily on Sales
Tax revenue. There were 835 retail establishments reporting sales taxable
transactions within the Dublin point-of-sales area for the most recent quarter
reported. The top twenty sales tax revenue generators for the most current
quarter produced over 55% of the total taxable sales transactions for that
quarter, which is down 4% from the same quarter last year. Yet within the last
four quarters only three of the top twenty businesses ever ranked below the top
twenty; these factors show the economic impact of the recession on the City.
Furthermore, sales tax revenues have been fairly flat over the last three years
as witnessed from the graphs below:
CITY OF DUBLIN
TOTAL TAXABLE SALES BY QUARTER
ACTUAL DATA AND TREND EVALUATION
Millions
$160
$140 - - _ - . -._ . :__..._ - ......
$120 -
$80
$60 - - -
$4 0 - - -- ----- - -- . _. - .. ._
$20 -
$0 I i I i I I I I I I 1 I I I I I I I I I I I I I I I I I I I
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
1984 85 86 87 88 89 90 91
3
The five largest employers in the City are listed below:
Hexcel : Manufactures honey comb material for the space and
aerospace industry.
SmithKline Beecham Clinical Laboratories: Medical testing
of patient specimens.
Lucky Stores, Inc. : Headquarters offices for grocery
retailers.
Unisource: Wholesale distributor of paper & packaging --
products.
Target Stores Inc. : Retail Store
(Source City 91-92 business license database)
Major Departmental Initiatives
City Manager:
The City Manager is appointed by the five member City, Council . The daily
operation of the City is handled by six department heads, who report directly to
the City Manager. Also included in the City's management structure is the Fire
Chief; even though he does not work directly for the City, the fire chief
participates in the management structure of the City.
Planning Department:
The Planning Department has guided the development of Dublin from the 4.1 square
mile town in 1980 to the present 9 square mile city. Recent development studies
point to the fact that Dublin will grow in both east and west directions to
cover approximately 23 square miles with a population of between 55,000 and
85,000 by the year 2015. This year the Department has been pro-active in
preparing preliminary plans for the ultimate annexation of 10.8 square miles
called the Eastern Dublin Area. Negotiations are also underway between the
County and the City for mutually acceptable development on County property, _
which lies between the City's current developed area and the City's eastern
boundary. This development agreement is necessary to the viability of the
annexation of the Eastern Dublin Area.
Recreation:
Since 1986 the City has made major improvements to four parks totaling 18.74
acres. These improvements included picnic areas, children's playgrounds, walk
ways, and general landscaping. Other capital renovations to the Nielson and
Cronin School Playgrounds, installation of a playground for handicapped children
at the municipal Kolb Park, and the Development of a Parks and Recreation Master
Plan were also undertaken. The City also made other major improvements to the
Senior Center, Shannon Park, and Shannon Community Center.
Public Works:
The City completed the formation of the Dublin Boulevard Assessment District to
help fund the extension of Dublin Boulevard to the eastern City boundaries. The
first phase of the project began in fiscal year 91-92 and is expected to be
completed in fiscal year 92-93.
4
w I
The second phase of the project will start in 92-93. This phase will tie the
easterly-portion of the first phase to Tassajara Road. Agreements have been
reached to have the southern. neighboring City of Pleasanton lend Dublin the cost
for the road construction.
The San Ramon Road Improvements program was completed in 1991-92. The
improvement of San Ramon Road from two to four lanes provides a better and -
faster access to the community along the south to north corridor. paralleling
Interstate 680. The City used a phasing concept for these improvements too, and
the first phase of this project was bid in 1986,.
Finance/Treasurer: :
The Finance Department is responsible for payroll and accounts payable
processing, accounts receivable invoicing and collections, business license
administration, the treasury investment functions, monthly financial statement
preparation and computer operations. Monthly financial reports are submitted` to
the Council .
Financial Information
Internal. Control : .
The. City Management is responsible for est ablishing the methods employed by the
City to safeguard its assets, to ensure the reliability of the accounting data,
to promote more efficient operations, and to ensure compliance with the City's
established policies. The management uses both administrative and accounting
controls to fulfill that responsibility. The Finance Department is responsible
_ for establishing the account'in'g controls used for the City. To the, extent
possible and within the limits of the staffing size, the accounting department
has segregated duties between the custody and the accountability of City assets.
The tasks associated with accounts payable are placed in the hands of a
different 'accounting staff person than those connected with accounts receivable
and cash.. management.. But, even when staffing limitations demand that a task
reside primarily in the hands of one person, the accounting system is set up; so
that another staff's approval is necessary before the task is completed. Thus,
for example, the City's use of the Federal wire transfer system for investments
can only be completed after two signatures of approval are obtained from either
the City Manager, City Clerk, or Treasurer:
5
Budgetary Control:
Each year the City Manager develops and presents the budget document, and the
Council adopts the budget, which includes both operating programs and capital
improvement projects. The Council approves the budget on .a departmental basis
and the staff identifies the funding sources. The City Manager is authorized
through the accounting procedures to transfer budget amounts between line items
within the same department during the year.
The City staff uses the real time on-line computer budget system to determine
the remaining budget balances before submitting purchase requests. Purchases
exceeding $200 are accomplished by use of purchase orders, while purchases
exceeding $5,000 require that a formal bidding process be performed to determine
the vendor. The accounting staff reviews the purchase request for small item
purchases, purchase orders, and bid results for accuracy and sufficiency of
budget balances.
Risk Management
The City of Dublin is a member of the ' ABAG PLAN Corporation; a self insured,
public entity for general liability pool . This is a general liability insurance,
which includes automobile liability. The coverage amount is $5 million per
occurrence. The term of the coverage is July 1991 to June 1992 with a renewal
date of July 1992 to June 1993. The City records the liability for claims and
judgements when the amount of the loss can be estimated and when the loss is
probable.
Cash Management
The City Treasurer manages the amount of idle cash for the City by purchasing
various investment instruments. The invested portfolio averaged almost $16.4
million in size for the year. The yield for the year was 6.87% based upon the
average monthly investment portfolio. The City's investment process takes into,
consideration in order ' of importance: 1. the safety of the principal amount
invested, 2. liquidity "so that the maturity of the investments are consistent '
with future projected cash requirements, 3. the maximum earnings possible, 4.
the provision for maximum diversification within the same industry, and_5. the
liquidity of the instrument consistent with the cash flow needs of the City. To
maximize the City's earnings while maintaining all other investment criteria
under a year of rapidly decreasing interest rates, the Treasurer extended the
• portfolio's average term and yield by purchasing Federal Agency Notes or
Debentures with prices as close to par as possible, and also increased the
amount invested with the State's Local Agency Investment Pool . There were 6
investment instruments purchased as of June 30, 1992. The largest single amount
invested by the City was in the State. Treasurer's investment pool, which totaled
$17,186,000. The other five items were Federal Agency debentures . and totaled
$2,013,171.88.
6
•
•
Financial Statement Analysis
The financial reports reflect the fact that the City's General Funds represent .
over 60% of both the revenues and expenditures for all City fund types. The
changes in the General Fund revenues over the last four . fiscal years have
- increased the emphasis on tax revenues. These changes . include large increases
in property taxes due to a shift in - both responsibilit.ies. and property taxes
from DSRSD (Dublin San Ramon Services District). to the City. The graph below
reflects this fact. Sales tax revenue of $5,293,709 represents over forty .
percent of General Fund total revenues for the City in fiscal year 91-92.
General Fund Revenue Type:
% of
total dollar percent
current change . - change
1991-92 year : from prior year
Taxes' $9,700,250 74.19% ($ 503,802) - 4.94%
License/Permits . 246,459 1.89% ' (1,657) - . .67% .
Intergovernmental 864,647 6.61% (108,619) ' -11.16%
Charges for Services 939,833 7.19% . (256,651) . -21.45%
Uses of Assets 1,038,503 7.94% (300,444) -22.44%
Fines & Forfeitures 25,780 .20% 6,304 32.37%
• Other 258,944 1.98% _(31,310) -10.79
TOTALS: $13,074,416 100.00%. ($1,196,179) - .8.38%
' City of Dublin. .. .
. General Fund Revenues by Year and Type
---
Millions
i . „ .
$12 /
$10 -
$8- .
56 - �-" �,t� / �J7TAXES
i'T/l,7r- "' / ' USES OF ASSETS
$4 marYk
g ;:; )" - � ,.. CHARGES FOR SERVICES
1 S2 - `r—�/ / —7 ���+ �J INTERGOVERNMENTAL
iE1) j , r' OTHER
A //�%-" I/" / / /7-7 LICENSE/PERMITS
SO : 1 :. 1 FINES 8 FORFEITURES .
9 9 .8 8 8 8 .
1 0 9 8 7 6 -
-- / / / / / /
•9 9 9 8 8 8
2 1 0 9 8 7
SOURCE: AUDITED FINANCIAL REPORTS
. • 7 .
Expenditures of the General Fund show decreases in all the activities except
Public Safety and Highways & Streets. The largest increase, $601,120 is
primarily due to the increases in both the Police and Fire Safety costs -
totalling $497,474. Some increase was due to the fact that a greater amount of
Traffic Signals Activities cost was paid with General Fund money compared to
prior years when Traffic Safety Fund money paid for most of these costs:
General Fund 1991-92 % of dollar percent
Expenditures: total total change change
from prior year
General Government 1,791,218 13.82% (218,887) -10.89%
Facilities Rent 1,544,701 11.92% (34,771) - 2.20%
Public Safety 5,404,855 41.69% 601,120 12.51%
Highway & Streets 841,414 6.49% 3,867 .46%
Health & Welfare 29,526 .23% 3,249 12.36%
Community Development 1,438,475 11.10% (388,879) -21.28%
Culture & Leisure 1,682,262 12.98% 222,843 15.27%
Capital Outlay 231,877 1.79% (613,790) -72.58%
TOTALS: 12,964,327 100.00% (425,249) - 3.18%
City of Dublin
Comparison of expenditures in General Fund by Activities
Millions -
/l / i /
$6
$5 ,
r
�i ,- Public Safety
General Government
:: : r 1 1 71/1 fir Culture & Leisure
I1 �� Capital Outlay
, /— / /� Highways & Streets
$0 - �- `-1�- �� r I Health & Welfare
01-B2 90-91 09-90 88-89 07-88 00-07
SOURCE: Audited Financial Reports
8
This report has been prepared following the guidelines recommended by the
Government Finance Officers Association (GFOA) of the United States and Canada.
Those local agencies whose annual financial reports are evaluated to conform
substantially to the highest standards of public financial reporting as well as
meeting the standards of generally accepted accounting principles receive the
Certificate of Achievement from the Government Finance Officers Association.
Our report last year received this award from GFOA and is being submitted this
year for such recognition.
The preparation of this Comprehensive Annual Financial Report is the result of
the efforts of the Finance Department Staff. I would also like to thank the
City. Council for their support.
Respectfully submitted,
Richard C. Ambrose
City Manager
9
CITY OF DUBLIN
ELECTED OFFICIALS
June 30, 1992
Mayor
Peter W. Snyder
Vice Mayor Councilmember
Linda J. Jeffery Dave Burton
Councilmember Councilmember
Lisbeth Howard Paul C. Moffatt
ADMINISTRATION PERSONNEL
City Manager Richard C. Ambrose
City Attorney Elizabeth Silver
City Clerk Kay Keck
Chief of Police Jim Rose
Public Works Director Lee Thompson
Planning Director Laurence L. Tong
Chief Building Official Victor L. Taugher
Recreation Director Diane Lowart
Finance Director and Treasurer Phillip Molina
10
■ I - I - I - I - �--
CITY OF DUBLIN
•
ORGANIZATION CHART FOR MAJOR CITY ACTIVITIES
REGISTERED VOTERS OF THE CITY OF DUBLIN
COUNCILMEMBERS
CITY MANAGER
I I
FIRE J.P.A. Manager Staff & City Clerk I
Building & RECREATION
POLICE PLANNING FINANCE PUBLIC WORKS BuSafety
ITREASURER I
•
•
11
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, 1991
A Certificate of Achievement for Excellence in Financial
Reporting is presented by the Government Finance Officers
Association of the United States and Canada to
government units and public employee retirement
systems whose comprehensive annual financial
reports (CAFRs)achieve the highest
standards in government accounting
and financial reporting.
UNa OfFj�, /
OFTHE F9�
',k�a UROED STATES y
S
w[ ANO w
CI PORATIN President
oo
lE�II. �o�ti
CHIC A` A 1
cutive Director
12
f
-- --(---4 Caqfornia Society of
Municipa( Finance Officers
Certificate of Award
Outstandin g Financial-Reporting 1990-91
Presented to
Cit y of Dublin
This certificate is issued in recognition of meeting professional standards and criteria in reporting which reflect a high level of
quality in the annual financial statements and in the underlying accounting system from which the reports were prepared
February 28, 1992
- it t.i .NWil/1/''V.. 1� / /.
tip ..d y 1 _. i,/. .,,�i
r i•,.'.. .r Chair,Professional&Technical Standards Committee
c'.:N '11111'
ref,;;1'8, -t• .
/gy=p♦ n
♦M ,Rt� Q ' �/ !� ��. i 't-
T=Yia,>S. fr
t± , President Or
Dedicated to Exiceffence in Municipal:Financial.Management
1 Z
GFOA CERTIFICATE OF ACHIEVEMENT FOR f1
EXCELLENCE IN FINANCIAL REPORTING
The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of
Achievement for Excellence in Financial Reporting to the City of Dublin for its Comprehensive Annual Financial Report
for the fiscal year ended June 30, 1991. The Certificate of Achievement is the highest form of recognition for excellence
in state and local government financial reporting.
In order to be awarded a Certificate of Achievement,a government unit must publish an easily readable and efficiently
organized Comprehensive Annual Financial Report,whose contents conform to program standards. Such a CAFR must
satisfy both generally accepted accounting principles and applicable legal requirements.
A Certificate of Achievement is valid for a period of one year only. We believe our current report continues to conform
to the Certificate of Achievement program requirements,and we are submitting it to GFOA.
The California Society of Municipal Finance Officers (CSMFO) presented a Certificate of Award for Outstanding
Financial Reporting to the City of Dublin for its comprehensive annual financial report for the fiscal year ended June 30,
1991.
The Certificate is valid for one year only. We believe our current report continues to conform to the program requirements
and we are submitting it to the CSMFO.
i5
14
• FINANCIAL SECTION
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1
MAZE &
I ASSOCIATES
ACCOUNTANCY CORPORATION
1670 Riviera Avenue- Suite 100
Walnut Creek, California 94596
(510) 930-0902 • (916) 972-7333
FAX(510)930-0135
INDEPENDENT AUDITOR'S REPORT
To the City Council
City of Dublin,California
We have audited the general purpose financial statements of the City of Dublin as of and for the years ended June 30,1992
and 1991, as listed in the table of contents. These financial statements are the responsibility of the City's management.
Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan
and perform the audits to obtain reasonable assurance as to whether the financial statements are free of material
misstatement. An audit includes examining on a test basis evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principlesused and significant estimates made by management,
as well as evaluating the overall financial statement presentation. We believe our audits provide a reasonable basis for our
opinion.
In our opinion,such general purpose financial statements present fairly in all material respects the financial position of
the City of Dublin at June 30, 1992 and 1991 and the results of its operations and cash flows of its proprietary fund types
for the years then ended,in conformity with generally accepted accounting principles.
Our audits were made for the purpose of forming an opinion on the general purpose financial statements taken as a whole.
The accompanying combining fund statements and schedules,which are also listed in the table of contents,are presented
for the purpose of additional analysis and are not a required part of the general purpose financial statements. Such
combining fund statements and schedules have been subjected to the auditing procedures applied in the audit of the general
purpose financial statements,and in our opinion are fairly stated in all material respects when considered in relation to
the general purpose financial statements taken as a whole.
The statistical section listed in the table of contents was not examined by us and,accordin ly,we do not express an opinion
on this information. ,
September 17, 1992
17
A Professional Corporation
CITY OF DUBLIN
GENERAL PURPOSE FINANCIAL STATEMENTS
These statements provide an overview of the combined financial position and the operating results of all fund types and
account groups. Individual funds and account group utilized by the City are grouped in these statements as follows:
GOVERNMENTAL FUND TYPES
These funds(general,special revenue and capital projects)are those through which governmental functions are typically
funded,with the emphasis on sources and uses of resources.
PROPRIETARY FUND TYPES
These funds(enterprise and internal service)are used to account for activities similar to private industry,with emphasis
on net income determination and cost recovery.
FIDUCIARY FUND TYPE
These funds(agency funds)are those used to account for assets held by the city as and agent.
ACCOUNT GROUPS
The account groups are used to establish accounting control over the City's general fixed assets and unmatured principal
of general long-term obligations. These assets and liabilities are not spendable resources and do not require current
appropriation. They are accounted for separately from governmental fund types.
I
19
CITY OF DUBLIN
COMBINED BALANCE SHEETS - ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30, 1992.
WITH COMPARATIVE AMOUNTS AS OF JUNE 30, 1991
GOVERNMENTAL FUND TYPES PROPRIETARY FUND TYPES
Special Capital Internal
General Revenue Projects Service Enterprise
ASSETS
Cash and investments(Note 2) $15,684,894 $813,934 $1,413,278 $358,334 -
Restricted cash and investments(Note 2) $1,720,986
Receivables:
Accounts 262,263 3,100 1,279
Accrued interest 242,570 41,651 64,500
Due from other governments 215,199
Due from other funds (Note 3) 355,102
Prepaid expenses 1,939 109 1,725 r�
Condemnation deposits 32,700
Fixed assets,net of accumulated
depreciation(Note 4) 110,488 21,420,859
Amount to be provided for general
long-term obligations
Total Assets $16,761,967 $817,034 $1,488,908 $468,931 $23,208,070
LIABILITIES
Accounts payable $898,538 $181,182 $471,956 $4,821 $1,464
Accrued wages 96,773
- Accumulated unpaid general leave 116,175
Deposits payable 170,994 95,865
Due to other funds(Note 3) 353,602
Due to other governments 24,650
Due to bondholders
Deferred compensation payable
Interest payable 498,900
BART advance payable(Note 5)
Certificates of participation(Note 5) 16,057,162
Total Liabilities 1,307,130 534,784 567,821 4,821 16,557,526
FUND EQUITY AND OTHER CREDITS
Investments in general fixed assets
Contributed capital 168,258 5,109,891
Retained earnings:
Reserved for debt service 1,540,653
Reserved for equipment replacement 295,852
Fund balances(Note 6):
Reserved:
Reserved for prepaid expenses 1,939 C'
Reserved for condemnation deposits - 32,700
Unreserved: °
Designated for authorized expenditures 15,452,898 468,475
Undesignated (186,225) 888,387 .
Total Fund Equities(Deficits) 15,454,837 282,250 921,087 464,110 6,650,544
Total Liabilities and Fund Equities $16,761,967 $817,034 $1,488,908 $468,931 $23,208,070
See accompanying notes to financial statements
20
•
FIDUCIARY TOTALS
FUND TYPE ACCOUNT GROUPS (Memorandum Only)
Agency General Fixed General Long-
Fund Assets Term Obligations 1992 1991
$18,270,440 $16,056,660
$1,304,356 3,025,342 2,621,910
13 266,655 274,394
348,721 263,749
215,199 724,787
355,102 1,363,311
3,773 17,398
32,700
$459,283 21,990,630 22,519,907
-` $2,285,000 2,285,000
$1,304,369 $459,283 $2,285,000 $46,793,562 $43,842,116
$10,963 $1,568,924 $1,419,658
96,773 67,630
116,175 105,488
266,859 541,562
1,500 355,102 1,363,311
24,650 23,884
1,193,238 1,193,238 843,686
98,668 98,668 59,648
498,900 498,900
$2,285,000 2,285,000
16,057,162 16,484,831
1,304,369 2,285,000 22,561,451 21,408,598
$459,283 459,283 444,275
5,278,149 5,278,149
1,540,653 1,580,406
•
295,852 291,836
1,939 7,058
32,700
15,921,373 15,736,524
702,162 (904,730) ..
459,283 24,232,111 22,433,518
$1,304,369 $459,283. $2,285,000 $46,793,562 $43,842,116.
21
(This Page Left Blank Intentionally)
I
r CITY OF DUBLIN
- COMBINED STATEMENTS OF REVENUES, EXPENDITURES
- AND CHANGES IN FUND BALANCES .
ALL GOVERNMENTAL FUND TYPES
-: - FOR THE YEAR ENDED JUNE 30, 1992
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1991
TOTALS
GOVERNMENTAL FUND TYPES (Memorandum Only)
, Special Capital .
General Revenue Projects 1992 1991
REVENUES
Taxes $9,700,250 $105,484 $9,805,734 $10,312,208
Licenses and permits 246,459 246,459 248,116
Intergovernmental 864,647 1,625,118 2,489,765 2,564,553.
Charges for services 939,833 145,418 1,085,251 1,196,484
Use of money and property 1,038,503 36,494 $50,157 1,125,154 1,388,351
} Fines and forfeits 25,780 32,721 58,501 82,367
Other revenue 310,851 454,584 286,190 1,051,625 383,423
Special assessments 275,890 275,890 281,428
Total Revenues 13,126,323 2,675,709 336,347 16,138,379 16,456,930
EXPENDITURES
, Current:
General government 3,335,919 3,142 3,339,061 3,593,481
Public safety 5,404,855 249,201 5;654,056 5,068,755
Highways and streets 841,414 183,851 1,025,265 1,041,627
Health and welfare 29,526 29,526 26,277
Community development 1,438,474 102;733 1,541,207 1,827,354
Culture and leisure 1,682,262 .1,682,262 1,459,419
_ Capital outlay . 231,877 . 1,481,764 3,559,400. 5,273,041 3,403,128
Total Expenditures - 12,964,327 2,020,691 3,559,400 18,544,418 16,420,041
EXCESS OF REVENUES OVER
(UNDER)EXPENDITURES 161,996 - 655,018 (3,223;053) (2,406,039) 36,889
OTHER FINANCING SOURCES(USES)
. Operating transfers in(Note 7) ' . 15,023 35,950 2,453 53,426 10,474
Operating transfers(out)(Note 7) (50,064) (15,023) (35,950) (101,037) (14,648)
Proceeds from BART advance(Note 5) 2,285,000 2,285,000
Contribution in aid of construction(Note 5) 1,987,972 1,987,972
Total Other Financing Sources(Uses) (35;041) 20,927 4,239,475 4,225,361 (4,174)
EXCESS OF REVENUES AND OTHER
FINANCING SOURCES OVER
' - EXPENDITURES AND OTHER -
FINANCING USES 126,955 675,945 1,016,422 1,819,322 32,715
°-`- Fund balances(deficit),beginning of year 15,327,882 (393,695) (95,335) 14,838,852 14,819,138
Residual equity transfers(out) (13,001)
Fund balances,end of year $15,454,837 $282,250 $921,087 $16,658,174 . $14,838,852
See accompanying notes to financial statements
, 1 23 .
CITY OF DUBLIN ,,
COMBINED STATEMENT OF REVENUES, EXPENDITURES, AND
CHANGES IN FUND BALANCES -BUDGET AND ACTUAL ,�
GENERAL, BUDGETED SPECIAL REVENUE AND BUDGETED CAPITAL PROJECTS FUND TYPES
FOR THE YEAR ENDED JUNE,30, 1992
Budgeted
General Fund Special Revenue Funds
Variance Variance .,-
,,
Favorable , Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) `_
REVENUES
Taxes $10,944,600 $9,700,250 ($1,244,350) $114,000 $105,484 ($8,516) (
Licenses and permits 474,700 246,459 (228,241)
Intergovernmental 939,366 864,647 (74,719) 1,784,410 1,565,567 (218,843)
Charges for services 1,209,905 939,833 (270,072) 132,065 145,418 13,353
Use of money and property 1,091,100 1,038,503 (52,597) 36,760 35,913 (847)
Fines and forfeits 19,500 25,780 6,280 15,250 32,721 17,471
Other revenue 54,600 258,944 204,344 603,300 340,409 (262,891)
Special assessment 263,230 275,890 12,660
Total Revenue 14,733,771 13,074,416 (1,659,355) 2,949,015 2,501,402 (447,613)
EXPENDITURES __
Current:
General government 3,797,753 3,335,919 461,834 3,142 3,142
Public safety •5,577,844 5,404,855 172,989 202,095 191,090 . 11,005
Highways and streets 948,965 841,414 107,551 . 265,280 241,962 23,318
Health and welfare 61,551 29,526 32,025
Community development 1,863,912 1,438,474 425,438 142,365 102,733 39,632
Culture and leisure 1,791,507 1,682,262 109,245
Capital outlay 586,270 231,877 354,393 2,210,548 1,481,764 728,784
Total Expenditures 14,627,802 12,964,327 1,663,475 2,823,430 2,020,691 802,739
EXCESS OF REVENUES OVER
(UNDER)EXPENDITURES 105,969 110,089 4,120 125,585 480,711 355,126
OTHER FINANCING SOURCES(USES)
Operating transfers in(Note 7) 15,023 15,023 •4
Operating transfers(out)(Note 7) (50,064) (50,064)
Proceeds from BART advance(Note 5)
Contribution in aid of construction(Note 5)
Total Other Financing Sources(Uses) (35,041) (35,041)
EXCESS OF REVENUES AND OTHER FINANCING `"
SOURCES OVER(UNDER)EXPENDITURES
AND OTHER FINANCING USES $105,969 75,048 ($30,921) $125,585 480,711 $355,126
Adjustments to budgetary basis(Note 1) 51,907
ti
Fund balances(deficit),beginning of year 15,327,882 (311,042) A
Fund balances,end of year $15,454,837 $169,669
See accompanying notes to financial statements
24
I
•
•
•
TOTALS
Capital Projects Funds (Memorandum Only)
Variance Variance
•
Favorable Favorable
Budget. Actual (Unfavorable) Budget Actual (Unfavorable)
$11,058,600 $9,805,734 ($1,252,866)
474,700 246,459 (228,241) •
2,723,776 2,430,214 (293,562) •
• 1,341,970 1,085,251 (256,719)
$3,200 $50,157 $46,957 1,131,060 1,124,573 (6,487)
34,750 58,501 23,751
1,090,442 286,190 (804,252) 1,748,342 885,543 (862,799)
263,230 275,890 12,660
•
1,093,642 336,347 (757,295) 18,776,428 15,912,165 (2,864,263)
• 3,800,895 - 3,339,061 461,834
5,779,939 • 5,595,945 183,994
1,214,245 1,083,376 130,869
--- 61,551 29,526 32,025
2,006,277 1,541,207 465,070
1,791,507 1,682,262 109,245'
4,402,083 3,559,400 842,683 . 7,198,901 5,273,041 1,925,860
4,402,083 3,559,400 842,683 . 21,853,315 18,544,418 3,308,897
(3,308,441) (3,223,053) 85,388 (3,076,887) (2,632,253) 444,634 .
2,453 2,453 17,476 17,476
(35,950) (35,950) (86,014) (86,014)
2,285,000 2,285,000 2,285,000 2,285,000 •
1,987,972 .1,987,972 1,987,972 1,987,972 •
4,272,972 4,239,475 (33,497) . 4,272,972 4,204,434 (68,538)
•
•
$964,531, 1,016,422 $51,891 $1,196,085 1,572,181 $376,096
51,907
•
•
(95,335) • • 14,921,505 •
} $921,087 $16,545,593
25
CITY OF DUBLIN 6_
COMBINED STATEMENTS OF REVENUES, EXPENSES
AND CHANGES IN FUND EQUITY
ALL PROPRIETARY FUND TYPES
FOR THE YEAR ENDED JUNE 30, 1992
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1991
Internal Enterprise TOTALS .
Service Fund Fund (Memorandum Only)
Dublin
Equipment Information
Replacement Inc. 1992 1991
REVENUES
Facilities rents(Note 5) $1,544,609 $1,544,609 $1,579,379
Equipment usage $144,490 144,490 132,516
Miscellaneous 2,410 2,410 2,260
Total Revenues 144,490 1,547,019 1,691,509 1,714,155
EXPENSES
Depreciation 90,321 471,831 562,152 559,494
Miscellaneous 68,125 45,609 113,734 106,038
Total Expenses 158,446 517,440 675,886 665,532
Operating Income (13,956) 1,029,579 1,015,623 1,048,623
NONOPERATING INCOME(EXPENSE)
Interest income 17,972 140,727 158,699 178,414
Interest expense and bond discount amortization (1,257,670) (1,257,670) (1,271,468)
Nonoperating Income(Loss) 17,972 (1,116,943) (1,098,971) (1,093,054)
Income(Loss)Before Operating Transfers 4,016 (87,364) (83,348) (44,431) (--
OPERATING TRANSFER IN(Note 7) 47,611 47,611 4,174
Net Income(Loss) 4,016 (39,753) (35,737) (40,257)
Retained earnings,beginning of year 291,836 1,580,406 1,872,242 1,912,499
Retained earnings,end of year 295,852 1,540,653 1,836,505 1,872,242
Contributed capital,beginning of year 168,258 5,109,891 5,278,149 5,265,148
■
Residual equity transfer in 13,001
Contributed capital,end of year 168,258 5,109,891 5,278,149 5,278,149
Total fund equity $464,110 $6,650,544 $7,114,654 $7,150,391
y
See accompanying notes to financial statements
26
CITY OF DUBLIN
COMBINED STATEMENTS OF CASH FLOWS
ALL.PROPRIETARY FUND TYPES
FOR THE YEAR ENDED JUNE 30, 1992
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1991
Internal Enterprise TOTALS
Service Fund Fund (Memorandum Only)
Dublin
Equipment Information
Replacement Inc. 1992 1991
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income(loss) ($13,956) $1,029,579 $1,015,623 $1,048,623
Adjustments to reconcile operating income(loss)
to cash flows from operating activities:
Depreciation 90,321 471,831 562,152 559,494
Net effect of changes in:
Accounts receivable 769 769 (769)
Prepaid expenses 8,507 (1) 8,506 704
Accounts payable 4,363 (1,998) 2,365 (23,128)
Cash Flows From Operating Activities 90,004 1,499,411 1,589,415 1,584,924
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 17,972 140,727 158,699 158,546
CASH FLOWS FROM CAPITAL AND
RELATED FINANCING ACTIVITIES
Fixed asset purchases (17,861) (17,861) (80,397)
Contributed capital 13,001
Increase in restricted cash and investments (2,410) (2,410) (4,039)
Certficates of Participation principal retirement (445,000) (445,000) (420,000)
Interest paid (1,240,339) (1,240,339) (1,297,072)
Cash Flows From Capital and
Related Financing Activities (17,861) (1,687,749) (1,705,610) (1,788,507)
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Operating transfers in 47,611 47,611 4,174
Net Cash Flows 90,115 90,115 (40,863)
Cash and investments at beginning of year 268,219 268,219 309,082
Cash and investments at end of year $358,334 $358,334 $268,219
See accompanying notes to financial statements
27
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of Dublin(City)was incorporated February 1,1982 under the Municipal Organization Act of 1977. The
City operates under a Council-Manager form of government and provides services to residents primarily by
contracting with other governmental agencies and private contractors.
The following is a summary of the significant policies of the City which conform to generally accepted accounting
principles as applicable to governments.
A. Reporting Entity
The general purpose financial statements of the City of Dublin include the fmancial activities of the City as well as
separate legal entities which are controlled by or dependent on the City. Determination of "controlled by or
dependent on" is based on the National Council on Governmental Accounting Statement 3 "Defining the
Governmental Reporting Entity". This statement deals with existence as an organized entity,governmental character,
and autonomy.
Management has considered all potential component units in evaluating how to define the City for general purpose
financial statement purposes. The criteria for including a potential component unit in the City's financial statements
are the City Council's ability to exercise oversight responsibility,the scope of the entity's service and the existence of
special financing relationships,regardless of whether the City is able to exercise oversight responsibilities.
Dublin Information,Inc.(DII)is a separate legal entity established solely to assist in providing financing to the City
and to own and rent facilities to the City. DII is dependent on the City for its cash flows and therefore meets the
criterion of ability to significantly influence operations and accountability for fiscal matters for inclusion in the City's
reporting entity. The financial activities of DII have been included in the Dublin Information,Inc.Enterprise Fund.
Since DII's sole business is facilities rental,it accounts for rents as operating revenues.
The general purpose financial statements exclude the activities of the Livermore-Amador Valley Transit Authority,
the Dublin Housing Authority,the Tri Valley Transportation Council,the Dublin San Ramon Services District and
the Dougherty Regional Fire Authority. Each of these agencies is managed and operated independently of the City,
which is not able to significantly influence their operations,budgets or financing.
B. Fund Accounting
The accounts of the City are organized on the basis of funds and account groups, each of which is considered a
separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing
accounts that comprise its assets,liabilities,fund equity,revenues, and expenditures,or expenses, as appropriate.
Government resources are allocated to and accounted for in individual funds based upon the purposes for which they
are to be spent and the means by which spending activities are controlled. The various funds are grouped in the
general purpose financial statements as follows:
28
CITY OF DUBLIN
Notes.to General Purpose Financial Statements
NOTE 1 -SUMMARY OF SIGNIFICANT_ACCOUNTING POLICIES (Continued)
GOVERNMENTAL FUND TYPES
General Fund is the general operating fund of the City. It is used to account for all financial resources except those
required to be accounted for in another fund.
Special Revenue Funds are used to account for the proceeds of specific revenue sources(other than major capital
projects)that are legally restricted to expenditures for specific purposes.
Capital Projects Funds are used to account for financial resources to be used for the acquisition or construction
of major capital facilities(other than those financed by proprietary funds).
PROPRIETARY FUND TYPES
Enterprise Fund is used to account for operations which are financed and operated in a manner similar to private
business enterprises where the intent of the governing body is that the costs and expenses,including depreciation,of
providing goods or services to the general public on a continuing basis be financed or recovered primarily through
user charges; or where the governing body has decided that periodic determination of revenues earned,expenses
incurred, and/or net income is appropriate for capital maintenance, public policy, management control,
accountability,or other purposes. -
Internal Service Fund is used to account for the financing of goods provided by one department or agency to other
departments or agencies of the City on a cost-reimbursement basis.
FIDUCIARY FUND TYPE
Agency Funds are used to account for assets held by the City as an agent for individuals,private organizations,other
governments.and/or other funds, in accordance with the conditions of the agreements. Agency funds are purely
custodial and thus do not involve measurement of results of operations.
C Account Groups
The accounting and reporting treatment applied to the fixed assets and long-term obligations associated with a fund
are determined by its measurement focus. All governmental fund types are accounted for on a spending or"financial
flow"measurement focus,which means that only current assets and current liabilities are generally included on their
balance sheets. Their reported fund-balance (net current assets) is considered a measure of"available spendable
resources". Governmental fund operating statements present increases(revenues and other financing sources)and
decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a
summary of sources and uses of"available spendable resources"during a period.
Fixed assets used in governmental fund type operations(general fixed assets)are accounted for in the general fixed
assets account group,rather than in governmental fund types.
Long term obligations expected to be financed from governmental fund types are accounted for in the general long-
term obligations account group,not in the governmental fund types.
29
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 -SUMMARY OF ACCOUNTING POLICIES (Continued)
<-
The two account groups are not"funds". They are concerned only with the measurement of financial position.They
are not involved with measurement of results of operations. Because of their spending measurement focus,
expenditure recognition for governmental fund types is limited to exclude amounts represented by noncurrent
liabilities.Since they do not affect net current assets,such long-term amounts are not recognized as governmental
fund expenditures or fund liabilities.
D. .Fired Assets
All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. T
Donated fixed assets are valued at their estimated fair value on the date donated. No depreciation has been provided
on general fixed assets.
The City has elected not to capitalize its infrastructure, which consists of roads, bridges, curbs, gutters, streets,
sidewalks,drainage systems,and lighting systems except where required by the state for property acquired with state
grants funds.
All proprietary funds are accounted for on a cost of services or"capital maintenance"measurement focus, which
means that all assets and all liabilities,current and non-current,associated with their activity are included on their
balance sheets. Their reported fund equity is segregated into contributed capital and retained earnings components.
Proprietary fund type operating statements present increases(revenues)and decreases(expenses)in net assets.
Depreciation of all exhaustible fixed assets used by proprietary funds is charged as an expense against their
operations. Accumulated depreciation is reported on proprietary fund balance sheets. ,.,,
Depreciation has been provided over the estimated useful lives of proprietary fund assets using the straight line
method. The estimated useful lives are as follows:
Building 37.5 years
Machinery and equipment 3-7 years
E. Contributed Capital in Proprietary Fund Types
Contributed capital in proprietary funds represents general fund residual equity transfers used to acquire or construct
fixed assets.
F. Basis of Accounting
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported r
in the general purpose financial statements. Basis of accounting relates to the timing of the measurements made,
regardless of the measurement focus applied. -
All governmental and agency fund types are accounted for using the modified accrual basis of accounting. Their
revenues are recognized when they become measurable and available as net current assets.
30
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 -SUMMARY OF ACCOUNTING POLICIES (Continued)
Those revenues susceptible to accrual are property taxes, interest revenues and charges for services. Sales taxes
collected and held by the State at year end on behalf of the City also are recognized as revenue. Fines,licenses,hotel
and motel taxes, permits and parking meter revenues are not susceptible to accrual because they generally are not
measurable until received in cash.
Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability
__ r is incurred except for principal and interest on general long term obligations which is recognized when due. Because
of their current financial resources focus,expenditure recognition for governmental fund types excludes amounts
represented by noncurrent liabilities. Since they do not affect net current assets,such long-term amounts are not
recognized as governmental fund expenditures or fund liabilities.
All proprietary fund types are accounted for using the accrual basis of accounting. Their revenues are recognized -
_, when they are earned,and their expenses are recognized when they are incurred.
G. Budgets and Budgetary Accounting
The City follows these procedures in establishing the budgetary data reflected in the general purpose financial
statements:
1. Prior to June 30 the City Manager submits to the City.Council a proposed operating budget for the fiscal year
commencing the following July 1. The operating budget includes proposed expenditures and the means of
financing them.
2. Public hearings are conducted to obtain taxpayer comments.
3. Prior.to July 1,the budget is legally enacted through passage of a resolution.
4. The City Manager is authorized to transfer budgeted amounts between line items within any department; -
however, any revisions,which alter total departmental expenditures of the City must be approved by City
Council.Expenditures may not exceed budgeted appropriations at the departmental level without City Council
approval. .
5. Formal budgetary integration is employed as management control device during the year for the general fund,
special revenue funds,except the Bond,Measure D,and SAFCO Grant Special Revenue Funds,and the capital
projects funds.
6. Budgets for the general, special revenue and capital projects funds are adopted on a basis consistent with
generally accepted accounting principles(GAAP)except for prior year items,which are not budgeted and which
are recorded as prior year adjustments in the budget basis financial statements.
31
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 -SUMMARY OF ACCOUNTING POLICIES (Continued)
Budget basis and GAAP basis fund balances differ because of prior year items and certain funds which are not
budgeted. These fund balances are reconciled as follows(excludes funds with no ending fund balances):
Special
General Revenue
Fund Funds
Fund balances,budgetary basis $15,402,930 $169,669
Add prior year items _ 51,907
Add(deduct)fund balances for:
r
SAFCO Grant (727)
Measure D 113,308
Fund balances,GAAP Basis $15,454,837 $282,250
All unexpended appropriations lapse at the end of the fiscal year.
Budgeted amounts presented in the financial statements are as originally adopted,or as amended by the City Council.
Individual amendments were not material in relation to original appropriations.
H Cash and Investments
The City pools idle cash from all funds,except Cash and Investments with Fiscal Agent and Deferred Compensation
Plan assets,for the purpose of increasing income through investment activities. Investments are carried at cost,except
Deferred Compensation Plan assets which are carried at market value. Interest income on investments is allocated
on the basis of average month-end cash and investment balances in each fund.
--
Proprietary fund type cash and investments are used in the preparation of the statement of cash flows as investments
are not allocated to specific funds. Each funds allocation of pooled cash and investments is considered cash and cash
equivalents. /-
Restricted cash and investments are composed of investments with a maturity date greater than September 30,1992
and are therefore not considered cash and cash equivalents.
Deferred Compensation Plan
City employees may defer a portion of their compensation under City sponsored deferred compensation plans created
in accordance with Internal Revenue Code Section 457. Under these plans,participants are not taxed on the deferred
portion of their compensation until distributed to them;distributions may be made only at termination,retirement,
death or in an emergency as defined by the Plan.
All assets of the Plans, including participant contributions and earnings therefrom, are the property of the City.
These assets may also be claimed by the general creditors of the City;however,the City believes the likelihood of any
such claim is remote. Participants rights under the Plan are equal to those of general creditors of the City.
32
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 -SUMMARY OF ACCOUNTING POLICIES(Continued)
Investments in the Plans are managed by trustees under agreements which allow participants to choose among various
investment options including stocks,bonds,money market accounts,and a guaranteed rate of return based on the
five year Treasury bond index.
The City has no liability for any losses which may be incurred by the Plan and does not participate in any gains,but
it does have the duty of due care that would be required of an ordinary prudent investor. City management has
assigned fiduciary management functions to a professional asset management company.
J. Property Tax
Alameda County assesses properties and bills for and collects property taxes as follows:
Secured Unsecured
Valuation dates March 1 March 1
Lien/levy dates March 1 March 1
Due dates 50%on November 1 July 1
50%on February 1
Delinquent as of December 10(for November) August 31
April 10(for February)
The term"unsecured"refers to taxes on property other than real estate,land"and buildings. These taxes are secured
by liens on the property being taxed. "
Property taxes are recorded when levied,provided they are measurable and collected within 60 days of year end.
K Accumulated Unpaid General Leave
The City accounts for the entire unpaid liability for accrued general leave in the general fund since the City's policy
is to liquidate any unpaid general leave from currently available expendable resources rather than future resources.
The City offers its employees general leave benefits which are composed of time off for illnesses and vacations.
Employees receive benefits in the form of time off or,if terminated,in cash.
L. Claims and Adjustments
The City records a liability for uninsured claims and judgements and its deductible when it is probable that an asset
has been impaired or a liability has been incurred,and the amount of impairment or liability is reasonably estimable.
No material claims or judgements were accrued at year end.
33
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 -SUMMARY OF ACCOUNTING POLICIES (Continued)
1-
M Post Employment Health Care Benefits
The City provides certain health care benefits for one retiree. All former full time employees are eligible for these
benefits. The cost of retiree health care benefits is recognized as an expenditure as claims are paid. For the year
ended June 30, 1992 those costs totaled approximately$4,865.
N New Funds and Account Group
T
During the year the City established five funds and one account group:
The Measure D Special Revenue Fund was established to account for the use of funds received from a judgement
in favor of the City for an invalid surcharge imposed by the County on Dublin citizens.
The National Pollution Discharge Special Revenue Fund was established to account for the use of funds received _
from fees collected to mitigate pollution within the City.
The Dublin Boulevard Extension #1 Capital Projects Fund was established to account for infrastructure .-
improvements financed with resources received from other governmental agencies.
The Dublin Boulevard Extension #2 Capital Projects Fund was established to account for infrastructure
improvements financed by the Dublin Boulevard Assessment District.
The Dublin Boulevard Assessment District Agency Fund was established to account for cash and investments -
held on behalf of bond holders.
The General Long-Term Obligations Account Group was established to account for long-term obligations
expected to be financed from revenues of governmental funds.
O. Closed Funds
The following special revenue funds were closed during the year ended June 30, 1992:
State Park Bond Act
Bond Fund Measure AA
Dublin Boulevard Extension#1
Dublin Boulevard Extension#2
Community Parklands Act
34 7
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 -SUMMARY OF ACCOUNTING POLICIES (Continued)
P. Total Columns on Combined Statements
Total columns on the combined statements are captioned Memorandum Only to indicate that they are presented only
to facilitate financial analysis. Data in these columns do not present financial position,results of operations,or cash
flows in conformity with generally accepted accounting principles. Neither is such data comparable to a
consolidation. Interfund eliminations have not been made in the aggregation of this data
Q. Classification Changes
For the year ended June 30,1992,certain account classifications have been changed to improve financial statement
presentation. For comparative purposes,prior year balances have been reclassified to conform to the June 30,1992
presentation.
NOTE 2-CASH AND INVESTMENTS
- A Collateral
All cash in banks and non-negotiable certificates of deposit are entirely insured or collateralized with securities held
by the pledging financial institutions in the City's name.The California Government Code requires California banks
and savings and loan associations to secure the City's cash deposits by pledging securities as collateral. This
California Government Code states that collateral pledged in this manner shall have the effect of perfecting a security
interest in such collateral superior to those of a general creditor. Thus,collateral for cash deposits are considered to
be held in the City's name. The City has waived collateral requirements for cash deposits which are fully insured up
to$100,000 by the Federal Deposit Insurance Corporation(FDIC)or Savings Account Insurance Fund(SAIF).
At year end,the carrying amount of the City's cash deposits was$175,108 and the bank balance was$522,036. Of
the bank balance,$115,651 was covered by federal depository insurance. The balance was covered by collateral as
discussed above. - -
B. Authorized Investments
The City's investment policy and Section 53601 of the California Government Code allow the City to invest in the
following types of investments:
Securities of the U.S. Government, or its agencies
Certificates of Deposit
Bankers Acceptances
Local Agency Investment Fund(State Pool)Deposits
Repurchase Agreements -
Commercial Paper
Medium Term Corporate Notes
Local Agent Long-Term Debt
Registered State Warrants
3.5
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2-CASH AND INVESTMENTS (Continued)
The above investments may be held by the City subject to certain limitations as described in the City's investment policy.
Deferred Compensation Plan assets are governed by federal law which allows for additional types of investments.
C Credit Risk, Carrying Amount,and Market Value ofInvestments
Investments represented by specific identifiable investment securities are classified as to credit risk in three categories as
follows:Category 1 includes investments that are insured or registered or for which securities are held by the City or its agent
in the City's name; Category 2 includes any unregistered investment for which the securities are held by the financial
institution's trust department or agent in the City's name; Category 3 includes uninsured investments which are purchase _.
and held by the Trustee,but not in the City's name. Pooled investments are not required to be categorized.
The City's investments at June 30, 1992 and 1991 comprise:
1992 1991
Category Category Non Carrying Market Carrying
1 3 Categorized Value Value Amount
Cash deposits:
Cash in banks and
certificates of deposit $175,108 $175,108 $175,108 $5,600,346
City treasury investments: -
Securities of the U.S.
Government or its
agencies $2,013,172 2,013,172 2,085,061 1,300,000 -
Local Agency Investment
Fund 17,186,000 17,186,000 17,186,000 10,000,000
Investments with Fiscal
Agents:
Deferred Compensation
Plan Mutual Funds 98,668 98,668 98,668 59,648
Securities of the U.S.
Government or its
agencies $1,822,834 1,822,834 1,956,587 1,718,576
Total of Cash and
Investments $2,013,172 $1,822,834 $17,459,776 $21,295,782 $21,501,424 $18,678,570
Financial Statement Presentation:
Cash and investments $18,270,440 $16,056,660
Restricted cash and investments 3,025,342 2,621,910
$21,295,782 $18,678,570
36
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2-CASH AND INVESTMENTS (Continued)
At June 30, 1992 the City had $1,838,485 in cash and investments held by fiscal agents which is pledged for the
payment of certificates.of participation, bonds, or employee compensation. The California Government Code
requires these funds to be invested in accordance with any applicable City ordinance,resolution or bond.indenture,
unless there are specific State statutes governing their investment. All these funds have been invested only,as
permitted either the above Code or applicable City ordinance..
The City entered into no reverse repurchase agreements during the year ended June 30, 1992.
NOTE 3-INTERFUND BALANCES .
The General Fund was owed the amounts below at June 30, 1992 by the funds listed:
Special Revenue Funds:
Traffic Safety $27,240
Transportation Development Act 80,998
Federal Aid Urban Highway 77,907
Community Development Block Grant 575
Safco Grant 727"
SB 300 Grant 166,155
Dublin Blvd Extension A.D.Agency Fund 1,500
Total Amount Owed General Fund $355,102
The amounts owed represent General Fund advances for expenditures made by these funds which will be repaid in
the normal course of business in fiscal 1993.
37
--
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 4-FIXED ASSETS
Fixed assets balances and activity were as follows:
4
Balance Balance
July 1,1991 Additions Retirements June 30, 1992
General Fixed Assets
Land $120,000 $120,000
Equipment 324,275 $15,008 339,283
Total $444,275 $15,008 $459,283
Enterprise Fund
Land $6,842,037 $6,842,037
Building 15,453,847 15,453,847
Machinery&equipment 422,510 422,510
Total 22,718,394 22,718,394
Less accumulated depreciation 825,704 $471,831 1,297,535
Net $21,892,690 $21,420,859
Internal Service Fund
Machinery&equipment $516,998 $17,868 $51,763 $483,103
Less accumulated depreciation 334,056 $90,322 $51,763 372,615
Net $182,942 $110,488
•
NOTE 5-LONG TERM OBLIGATIONS
A. BART Agreemenffhiblin Boulevard Assessment District
In 1990, the City and Bay Area Rapid Transit District(BART) entered into a financing Agreement regarding the
extensions of Dublin Boulevard and Hacienda Drive to service a station to be constructed by BART. In fiscal 1992,
BART advanced the City $2,285,000 to purchase land and construct these extensions. In addition, the Dublin
Boulevard Extension Assessment District was formed in 1992 and contributed$1,987,972 to the City to aid in the
construction of the Dublin Boulevard extension. The City established the Dublin Boulevard Extension Capital
Projects Funds#1 and#2 to account separately for these respective amounts.
38
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 5-LONG TERM OBLIGATIONS (Continued)
BART's advances to the City comprise,$1,224,000 due December 31, 1995 and$1,061,000 which has no due date.
Under the City'sAgreement with BART,interest on these advances accrues at a rate based on BART's average rate
of return on its investments. The City expects to repay principal and interest on BART's advances out of developer
fees,charges and other non-tax revenues generated by future development in the area of the BART station. However,
the Agreement provides for the forgiveness by BART of any principal or interest still outstanding on March 27,2010.
The City has recorded BART's advances as general long-term debt at June 30,1992 because,despite the Agreement's
forgiveness clause,the City is confident there will be sufficient City revenues generated in the BART station area to
repay this debt.
B. Certificates ofParticfpation
Through Dublin Information Inc.,the City in 1988 issued Refunding Certificates of Participation(1988 COP's)in
the amount of$17,230,000,which are repayable from facilities rents and are collateralized by the Dublin Civic Center.
The 1988 COP's bear interest at 5.75%to 7.875%,are due serially through February 1,2010,require annual principal
payments on February 1 and semi-annual interest payments on February 1 and July 1.
The City has a non-cancelable lease expiring in 2010 with Dublin Information Inc. (DII),which used the lease as
collateral for the issuance of the 1988 COPs. The lease provides for semi=annual payments which are sufficient to pay
principal and interest due on the 1988 COPs. Ownership of the Civic Center Building reverts to the City at the end
of the lease.
The 1988 COPs balances comprised the following at June 30, 1992 and 1991.
1992 1991
Principal balance at July 1 $16,810,000 $17,230,000
Less: bond discount,net of amortization 307,838 325,169
Principal retirements 445,000 420,000
Balance at June 30,net of bond discount $16,057,162- $16,484,831 .
39
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 5-LONG TERM OBLIGATIONS (Continued) r-
e MatutitySchedule
Annual debt service requirements for long term obligations including interest on 1988 COPs are as follows:
For the Year Bart
Ending June 30 Agreement 1988 COPS Total
1993 $1,718,970 $1,718,970
1994 1,719,595 1,719,595
1995 1,717,095 1,717,095
1996 $1,224,000 1,716,320 2,940,320
1997 1,716,770 1,716,770
Thereafter 1,061,000 22,335,840 23,396,840
$2,285,000 $30,924,590 $33,209,509
D. Special Assessment Districts
Special assessment districts formed within City limits have issued debt totaling$2,845,000,the proceeds of which were
used to fmance improvements within district boundaries. The City has no legal,contingent or moral obligation for
the repayment of this debt and acts solely as the collecting and paying agent for each district.
E. DefeasedDebt
At June 30, 1992 the balance of the 1985 Certificates of Participation which were defeased by the 1988 Refunding
Certificates of Participation was $10,750,000. As required by the 1988 defeasance, securities were placed in an
irrevocable trust with an escrow agent to provide for all future debt service payments on the 1985 Certificates of
Participation,which are no longer considered a liability of the City.
NOTE 6-FUND BALANCES
The following funds had deficit balances at June 30, 1992:
Special Revenue Funds:
Traffic Safety $18,303
Transportation Development Act 88,460
Federal Aid Urban Highway 78,866
Safco Grant 727
SB 300 Grant 207,439
Capital Projects Funds:
Capital Projects 7,837
These deficits will be eliminated through future revenues or through General Fund transfers,once the underlying projects
have been completed.
40
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 7-TRANSFERS
During the year.ended June 30, 1992 the following operating transfers were made to reimburse expenses or
expenditures:
Fund Making Transfer Fund Receiving Transfer Amount
General Fund Capital Projects Fund $2,453
General Fund Dublin Information Inc. Enterprise
Fund 47,611
Community Parkland Act Special General Fund
Revenue Fund 15,023
Dublin Boulevard Extension#1 Capital Dublin Boulevard Extension#1
Projects Fund Special Revenue Fund 35,950
$101,037
NOTE 8 -JOINT POWERS AGENCIES
The City participates in joint ventures through Joint Powers Authorities(JPAs)established under the Joint Exercise
of Powers Act of the State of California. As separate legal entities,these JPAs exercise full powers and'authorities
within the scope of the related Joint Powers Agreement,including the preparation of annual budgets,accountability
for all funds,the power to make and execute contracts and the right to sue and be sued. Obligations and liabilities
of the JPAs are not those of the City.
Each JPA is governed by a board consisting of representatives from each member agency. Each board controls the
operations of its respective JPA,including selection of management and approval of operating budgets,independent
of any influence by member agencies beyond their representation on the Board.
The City is a member of the following JPAs:
A: Livermore Amador Valley Transit Authority
This Authority was formed in May 1985 by a joint exercise of powers agreement between the County of Alameda and
the Cities of Livermore,Pleasantonand Dublin for the purpose of providing general public transportation under the
business name"Wheels".
B. Dougherty Regional Fire Authority
The Cities of Dublin and San Ramon established the Dougherty Regional Fire Authority(DRFA)to provide fire
suppression and prevention services. DRFA is controlled by a six member board consisting of three members from
each City Council. The board appoints management and employees of DRFA and is responsible for DRFA's budget,
operations and finances.
41
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 8 -JOINT POWERS AGENCIES (Continued)
C. Tri-Valley Transportation Council
The Tri-Valley Transportation Council was formed in 1991 by a joint exercise of powers agreement between the cities
of Dublin,Livermore,Pleasanton and San Ramon,the Town of Danville and the counties of Alameda and Contra
Costa for the purposes of preparing a transportation plan and providing transportation facilities within the Tri-Valley
area. There was no financial activity during the year ended June 30, 1992.
D. Alameda County Congestion Management Program
The Alameda County Congestion Management Program was formed in 1991 by a joint exercise of powers agreement .-
between the County of Alameda and the Cities of Alameda County for the purpose of preparing,implementing and
administering a traffic congestion management plan pursuant to California Government Code section 66531. There
was no financial activity during the year ended June 30, 1992.
E. Association ofBay Area Governments PLAN Corporation
The City is a member of ABAG PLAN Corporation,which provides annual general liability coverage in the aggregate
up to $5,000,000 per occurrence; the City has a$25,000 deductible per claim. Once the City's deductible is met,
ABAG becomes responsible for payment of claims.
The City's deposits with ABAG are in accordance with formulas established by ABAG. Actual surpluses or losses
will be shared according to a formula developed from overall loss costs and spread to member entities on a percentage
basis after a retrospective rating.
F. Condensed Financial Information
Audited condensed financial information for the above authorities which had financial activity during
the year ended June 30, 1992 is presented below:
Transit
Year End Authority DRFA ABAG
Total assets $13,024,672 $8,626,455 $17,348,069
Total current liabilities 1,394,522 1,130,280 9,187,416
Total long-term liabilities 1,403,085
Total equity 11,630,150 6,093,090 8,160,653
Total revenue 3,792,512 4,194,915 5,549,832
Total expenditures 3,832,512 4,082,324 1,121,412
Other financing sources 40,000
Contributed capital reductions 2,050 000
Net increase in fund equity 112,591 2,378,420
42
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 9-PENSION PLAN
A. Plan Description
The City contributes to the California Public Employees Retirement System(PERS), an agent multiple-employer
public employee retirement system which acts as a common investment and administrative agent for participating
members in California.
All qualified permanent and probationary employees are eligible to participate in PERS. Benefits vest after five years
of service and are payable monthly for life upon retirement. Employees who retire at age 60 with 5 years of credited
service receive a benefit equal to 10%of their average monthly salary for their highest three consecutive years of
employment. Benefits increase with age and credited service years up to a maximum of 2:148%for each credited
service year. A credited service year is one year of full time employment.
PERS requires a contribution of 7% of the employees annual salary which the City pays on the behalf of the
employees. These benefit provisions and all other requirements are established by state statute and city ordinance.
Contributions necessary to fund PERS on an actuarial basis are determined by PERS and its Board of
Administration..
A Funding Status and Progress
The amount shown below as the"pension benefit obligation"is a standardized disclosure measure of the present value
of pension benefits,adjusted for the effects of projected salary increases and step-rate benefits estimated to be payable
in the future as a result of employee service to date. The measure is intended to help users assess the funding status
of PERS on a going-concern basis,assess progress made in accumulating sufficient assets to pay benefits when due
and make comparisons among employers. The measure is the actuarial present value of credited projected benefits
and is independent of the funding method used to determine contributions to the PERS.
The pension benefit obligation was computed as part of an actuarial valuation performed as of June 30, 1991.
Significant actuarial assumptions used in the valuation include(a)a rate of return on the investment of present and
future assets of 8.5%a year compounded annually,.(b)projected salary increases of 5%a year compounded annually,
attributable to inflation, plus additional projected salary increases.attributable to seniority/merit, and (d) post
retirement benefit increases adjusted 2%annually after the fist two years of retirement.
43
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 9-PENSION PLAN(Continued)
Total over-funded pension benefit obligation applicable to the City's employees at June 30, 1991 is as follows:
Pension benefit obligation:
Retirees and beneficiaries currently receiving
benefits and terminated employees not yet
receiving benefits $10,767
Current employees: -
Accumulated employee contributions including
allocated investment 395,349
Employer-financed vested 256,090
Employer-financed nonvested 56,518 _-
Total pension benefit obligation 718,724
Net assets available for benefits,at cost
(Market value was$966,241 at June 30, 1991) 871,272
Over-funded pension benefit obligation $152,548
C Actuarially Determined Contribution Requirements and Contributions Made -
PERS uses the Entry Age Normal Actuarial Cost Method which is a projected benefit cost method. That is,it takes
into account those benefits that are expected to be earned in the future as well as those already accrued.
According to this cost method,the normal cost for an employee is the level amount which would fund the projected
benefit if it were paid annually from date of employment until retirement. PERS uses a modification of the Entry -
Age Cost Method in which the employer's total normal cost is expressed as a level percentage of payroll. PERS also
uses the level percentage of payroll method to amortize any unfunded actuarial liabilities. The amortization period
of the unfunded actuarial liability ends on June 30,2011. _
The significant actuarial assumptions used to compute the actuarially determined contribution requirement are the
same as those used to compute the pension benefit obligation,as previously described.
44
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 9-PENSION PLAN(Continued)
Contributions to PERS are made in accordance with actuarially determined requirements computed through an
actuarial valuation performed as of year end. PERS contributions,which were entirely paid by the City,consisted
of the following for the fiscal years ended June 30, 1992 and 1991:
1992 1991
Percent of Percent of
Covered - Covered
Amount Payroll , Amount Payroll
Covered.payroll $1,507,749 $1,241,152
Total payroll $1,751,039 $1,448,959
Normal cost,including
employee contributions $202,138 13.5% $159,311 12.8%
Amortized(over-
funded)
pension
benefit obligation (43,792) (3.0%)
Total $158,346 10.5% $159,311 12.8%
City contributions $52,793 3.5% $72,400 5.8%
Employee contributions 105,543 7.0% 86,811 7.0%
Total $158,336 10.5% $159,311 12.8%
D. Trend Informatio
Trend information gives an indication of the progress made in accumulating sufficient assets to pay benefits when
due. System wide ten-year trend information may be found in the California Public Employees'Retirement System
Annual Reports.
For the fiscal years ended June 30, 1991, 1990 and 1989,net assets available for benefits funded 121%, 115.7%and
112.1% respectively, of the pension plan's total pension benefit obligation and the overfunded pension benefit
obligation represented 2.3%,7.4%and 5.1%respectively,of covered payroll. In addition,for the three years ended
June 30, 1992, 1991 and 1990 the City's contributions to the System, all made in accordance with actuarially
determined requirements, were 10.5%, 12.8% and 12.8% respectively of annual covered payroll. Other trend
information required by Governmental Accounting Standard No.5 is presented in the City's Comprehensive Annual
Financial Statement statistical section.
45
CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 10-COMMITMENT AND CONTINGENT LIABILITIES -
As part of the BART Agreement,and in accordance with federal requirements,the City and the City of Pleasanton
reached an agreement under which the City of Pleasanton is constructing a second BART station access road in the
City of Dublin. Total cost of this project is presently expected to be$3,800,000,which is due within 12.5 years after
the completion and acceptance of the project by the City of Dublin. However,if an assessment district is formed in
this area of the City,the Agreement provides that the cost of the project will be borne by the assessment district. If
no assessment district is formed and the City has not repaid the City of Pleasanton by the due date,an agency of the
County of Alameda will become responsible for half the cost of the project.
At June 30, 1992, the City of Pleasanton had expended approximately$430,000 on this project,which is presently
expected to be completed in June 1993.
The City participates in several federal and State grant programs. These programs have been audited by the City's
independent accountants in accordance with the provisions of the federal Single Audit Act of 1984 and applicable
State requirements. No cost disallowances were proposed as a result of these audits;however,these programs are
still subject to further examination by the grantors and the amount,if any,of expenditures which may disallowed
by the granting agencies cannot be determined at this time.The City expects such amounts,if any,to be immaterial.
46
FINANCIAL SECTION
COMBINING FUND STATEMENTS
(This Page Left Blank Intentionally)
CITY OF DUBLIN
GENERAL FUND
COMPARATIVE BALANCE SHEETS
JUNE 30, 1992 AND 1991
1992 1991
ASSETS
Cash and investments $15,684,894 $15,136,269
Receivables:
Accounts 262,263 268,625
Accrued interest 242,570 199,249
Due from other governments 215,199 231,987
Due from other funds 355,102 1,363,311
Prepaid expenses 1,939 7,058
Total Assets $16,761,967 $17,206,499
LIABILITIES
Accounts payable $898,538 $1,273,147
Accrued wages 96,773 67,630
Accumulated unpaid general leave 116,175 105,488
Deposits payable 170,994 408,468
Due to other governments 24,650 23,884
Total Liabilities 1,307,130 1,878,617
FUND BALANCES
Reserved for prepaid expenses 1,939 7,058
Designated for authorized expenditures 15,452,898 15,320,824
Total Fund Balances 15,454,837 15,327,882
Total Liabilities and Fund Balances $16,761,967 $17,206,499
49
1
CITY OF DUBLIN
GENERAL FUND
STATEMENTS OF REVENUES, EXPENDITURES -
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1992
WITH COMPARATIVE ACTUAL AMOUNTS FOR THE YEAR ENDED JUNE 30, 1991
1992 1991
Variance
Favorable
Budget Actual (Unfavorable) Actual
REVENUES
Taxes $10,944,600 $9,700,250 ($1,244,350) $10,204,052
Licenses and permits 474,700 246,459 (228,241) 248,116
Intergovernmental 939,366 864,647 (74,719) 973,266
Charges for services 1,209,905 939,833 (270,072) 1,196,484
Use of money and property 1,091,100 1,038,503 (52,597) 1,338,947
Fines and forfeits 19,500 25,780 6,280 19,476 _
Other revenue 54,600 258,944 204,344 114,038
Total Revenues 14,733,771 13,074,416 (1,659,355) 14,094,379 , _
EXPENDITURES '
Current:
General government 3,797,753 3,335,919 461,834 3,589,577
Public safety 5,577,844 5,404,855 172,989 4,800,963 ,
Highways and streets 948,965 841,414 107,551 837,547
Health and welfare 61,551 29,526 32,025 26,277
Community development 1,863,912 1,438,474 425,438 1,827,354
Culture and leisure 1,791,507 1,682,262 109,245 1,459,419
Capital outlay 586,270 231,877 354,393 848,439
Total Expenditures 14,627,802 12,964,327 1,663,475 13,389,576
1
EXCESS OF REVENUE OVER
EXPENDITURES 105,969 110,089 4,120 704,803
OTHER FINANCING SOURCES
Operating transfers in ' 15,023 15,023
Operating transfers(out) (50,064) (50,064) (4,174)
Total Other Financing Sources(Uses) (35,041) (35,041) (4,174)
EXCESS OF REVENUES AND OTHER
FINANCING SOURCES OVER
EXPENDITURES AND OTHER
FINANCING USES $105,969 75,048 - ($30,921) 700,629 i
Adjustments to budgetary basis 51,907 176,216
Fund balances,beginning of year 15,327,882 14,464,038
Residual equity transfers(out) (13,001)
Fund balances,end of year $15,454,837 $15,327,882
50 I
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL
DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 1992
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1991
1992
Variance
Favorable
Budget Actual (Unfavorable)
General government:
_ City Council $159,669 $123,424 $36,245
City Manager 506,645 460,781 45,864
City Attorney 206,533 206,533
Finance department 282,549 230,354 52,195
Building management 363,220 331,686 31,534
Insurance cost center 166,600 145,934 20,666
Elections cost center 3,000 2,997 3
Nondepartmental 388,867 289,508 99,359
Facilities rents 1,720,670. 1,544,702 175,968
Total General Government 3,797,753 3,335,919 461,834
Public safety:
Police 2,794,073 2,752,425 41,648
Crossing guards 33,143 33,143
Traffic signal and street lighting 73,550 72,969 581
Animal control 56,000 39,120 16,880
Disaster preparedness 42,085 31,370 10,715
Fire services JPA 2,578,993 2,475,828 103,165
- - Total Public Safety 5,577,844 5,404,855 172,989
Highways and streets:
Public works ' 282,015 267,078 14,937
Street maintenance 328,100 269,134 58,966
- Street sweeping 62,000 61,455 545
Street tree maintenance 66;500 46,090 20,410
Street landscape maintenance 208,850 196,157 12,693
Paratransit services 1,500 1,500
Total Highways and Streets 948,965 841,414 107,551
Health and welfare:
Vector Control 28,296 21,394 6,902
Waste management 33,255 8,132 25,123
Total Health and Welfare 61,551 29,526 32,025
Community development:
Planning 1,050,075 950,526 - 99,549
Building safety 326,796 261,821 64,975
Engineering 429,791 220,207 209,584
-� Economic development 57,250 5,920 51,330
Total Community Development 1,863,912 1,438,474 425,438
' Culture and leisure:
Library services 156,007 156,007
Cultural activities 44,140 24,137 20,003
Park maintenance 552,453 552,453
Community cable television 49,000 49,000
Recreation administration 171,625 158,732 12,893
Playgrounds 66,924 64,680 2,244
Shannon center 105,787 99,301 6,486
Preschool 32,195 31,914 281
Teens program - 47,185 29,761 17,424
Field scheduling 133,395 105,796 27,599
Youth sports • 31,739 22,600 9,139
Special events 27,791 23,937 3,854
Senior center 104,120 95,734 8,386
Recreation instruction 76,921 82,678 (5,757)
Aquatics - 192,225 185,532 6,693
Total Culture and Leisure 1,791,507 1,682,262 109,245
-, Capital outlay:
General capital improvement projects 88,850 1,902 84,948
Community improvements 66,300 60,567 5,733
Parks 195,162 122,823 72,339
Street construction and improvements 235,958 44,585 191,373
Total Capital Outlay - 586,270 231,877 354,393
Total Expenditures $14,627,802 $12,964,327 $1,663,475
51
(This Page Left Blank Intentionally)
CITY OF DUBLIN
SPECIAL REVENUE FUNDS
Traffic Safety Fund-Established to account for the receipt of traffic fines and traffic safety expenditures.
State Gas Tax Fund-Established to account for receipt of state gasoline taxes and expenditures.
Transportation Development Act Fund-Established to account for Transportation Development Act grant receipts
and construction expenditures for bike paths and access ramps for the handicapped.
Special Criminal Activity Fund-Established to account for receipt of funds derived from asset forfeitures.
Federal Aid Urban Highway Fund-Established to account for receipt of Federal Aid Urban Highway grants.
Community Development Block Grant Fund-Used to account for grants and expenditures related to the community
development block grants.
Park Dedication Fund-Established to account for park dedication fees received in lieu of property from developers
pursuant to the Quimby Act.
State Park Bond Act Fund-Established to account for proceeds from the State bond sales.
Sales Tax Measure B Fund-Established to account for an Alameda County Voter approved increase in sales tax used
for improvements on streets and roads.
Bond Fund Measure AA-Established to account for proceeds from Measure AA State Bond Sales for park capital
improvements.
SAFCO Grant Fund-Established to account for grant receipts from the State used for capital improvements on parks.
Maintenance Districts-Established to account for revenue and related expenditures of lighting and landscape activities.
Community Parkland Act Fund-Established to account for State bond proceeds for park improvements.
SB300 Grant Fund-Established to account for grant receipts from the State used for capital improvements on local
streets.
National Pollution Discharge Fund-Established to account for the use of funds received from fees collected to mitigate
pollution within the City without specific sources.
Measure D Fund-Established to account for the use of funds received form a judgement in favor of the City for an
invalid surcharge imposed by the County on Dublin citizens.
53
CITY OF DUBLIN
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEETS
JUNE 30, 1992
WITH COMPARATIVE AMOUNTS AS OF JUNE 30, 1991
Federal Sales
Transportation Special Aid Community State Tax
Traffic State Development Criminal Urban Development Park Park Measure
Safety Gas Tax Act Activity Highway Block Grant ,Dedication Bond Act B
ASSETS
l{i
Cash and investments $6,933 $122,285 $26,647 $123,215 $45,382
Accounts receivable 2,004 $575
H
Due from other governments -
Total Assets $8,937 $122,285 $26,647 $575 $123,215 . $45,382
LIABILITIES
Accounts payable $69,018 $7,462 $334 $959 $32,716
Due to other funds $27,240 80,998 77,907 $575 --
Total Liabilities 27,240 69,018 88,460 334 78,866 575 32,716
FUND BALANCES(DEFICITS)
Unreserved:
Designated for authorized expenditures 53,267 90,499
Undesignated fund balances(deficits) (18,303) (88,460) 26,313 (78,866) $45,382
Total Fund Balances(Deficits) (18,303) 53,267 (88,460) 26,313 (78,866) 90,499 45,382
Total Liabilities and Fund Balances $8,937 $122,285 $26,647 $575 $123,215 $45,382 I
54
Bond MAINTENANCE DISTRICTS
Fund Dougherty Dublin Dublin Community National TOTALS
Measure Safco Street Stagecoach Landscape Boulevard Boulevard Parklands SB 300 Polution
AA Grant Lighting Landscape &Lighting Extension#1 Extension#2 Act Grant Discharge Measure D 1992 1991
$160,696 $22,287 $144,193 $48,988 $113,308 $813,934 $590,377
402 76 43 3,100 5,000
492,800
$161,098 $22,363 $144,236 $48,988 $113,308 $817,034 $1,088,177
,.� $13,831 $6,991 $8,361 $41,284 $226 181,182 $141,666
$727 166,155 353,602 1,340,206
727 13,831 6,991 8,361 207,439 226 534,784 1,481,872
ti
147,267 15,372 48,762 $113,308 468,475 415,700
(727) 135,875 (207,439) (186,225) (809,395)
(727) 147,267 15,372 135,875 (207,439) 48,762 113,308 282,250 (393,695)
$161,098 $22,363 $144,236 $48,988 $113,308 $817,034 $1,088,177
55
CITY OF DUBLIN
SPECIAL REVENUE FUNDS r
COMBINING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
�
FOR THE YEAR ENDED JUNE 30, 1992 I.
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1991
Sales _
Transportation Special Federal Community State Tax
Traffic State Development Criminal Aid Urban Development Park Park Measure,
Safety Gas Tax Act Activity Highway Block Grant Dedication Bond Act B.
REVENUES
Taxes
I"1",
Sales and use taxes $105,484
Intergovernmental
FAU grant $855,020 ''
CDBG grant $34,124 i
Gasoline tax $423,740
TDA Act funds $146,433
SB 300 grant
State park bond $7,202
State parkland grant
Local grant
Charges for services
Property fees
Use of money and property .
Interest 13,264 $1,621 ` $151 2,599
-
Fines and forfeits
./,
Vehicle code fines $32,721
{
Other revenue
Park dedication fees 325,217
Miscellaneous 4,150 a-
Special assessments ,
Total Revenues 32,721 437,004 146,433 5,771 855,020 34,124 325,368 7,202 108,083
EXPENDITURES
i
General government
Service and supplies 3,142
Public safety
Service and supplies 6,353
Contract services 15,250 ,-.t
Highways and streets
r.
Service and supplies 56,054
Contract services 1,225
Community development
Contract services 5,000 `"
Capital outlay 1,
Service and supplies 361,283 98,505 548,554 26,927 3,508 63,952 '�
Contract services 35,316 10,626 28,415 148,400 6,950„--
Total Expenditures 15,250 458,878 112,273 6,353 576,969 26,927 151,908 70,902,^
EXCESS OF REVENUES OVER
(UNDER)EXPENDITURES 17,471 (21,874) 34,160 • (582) 278,051 7,197 173,460 7,202 37,181
OTHER FINANCING SOURCES(USES)
Operating transfers in
Operating transfers(out) -
1
Total Other Financing Sources(Uses) t
EXCESS OF REVENUES AND OTHER FINANCING
SOURCES OVER(UNDER)EXPENDITURES 4
L.
AND OTHER FINANCING USES 17,471 (21,874) 34,160 (582) 278,051 7,197 173,460 7,202 37,181
Fund balances(deficits),beginning of the year (35,774) 75,141 (122,620) 26,895 (356,917) (7,197) (82,961) (7,202) 8,201 j
Fund balances(deficits),end of the year ($18,303) $53,267 ($88,460) $26,313 ($78,866) $90,499 $45,382
j
56
Bond MAINTENANCE DISTRICTS
Fund Dougherty Dublin Dublin Community National TOTALS
1 Measure Safco Street Stagecoach Landscape Boulevard Boulevard Parklands SB 300 Pollution
AA Grant Lighting Landscape &Lighting Extension#1 Extension l!2 Act Grant Discharge Measure D 1992 1991
$105,484 $108,156
855,020 723,546
34,124
ro 423,740 378,020
146,433 58,583
$106,250 106,250
7,202
$5,000 5,000 5,000
$47,349 47,349 426,138
$145,418 145,418
$7,507 $949 $7,817 2,005 $581 36,494 37,529
r..
32,721 62,891
325,217
3,361 7,681 $1,448 112,727 129,367 17,078
177,615 48,324 49,951 275,890 281,428
47,349 5,000 188,483 49,273 65,449 1,448 106,250 147,423 113,308 2,675,709 2,098,369
3,142 3,904
163,440 169,793 208,415
6,047 58,111 79,408 59,377
12,421 15,933 4,700 89,108 87,125
43,727 49,791 94,743 116,955
2,328 763 681 93,961 102,733
1
65,866 1,168,595 2,301,501
83,462 313,169 120,723
171,815 56,911 66,405 207,439 98,661 2,020,691 2,898,000
` 47,349 5,000 16,668 (7,638) (956) 1,448 (101,189) 48,762 113,308 655,018 (799,631',
$35,950 35,950 10,474
($15,023) (15,023) (10,474
35,950 (15,023) 20,927
47,349 5,000 16,668 (7,638) (956) 35,950 1,448 (15,023) (101,189) 48,762 113,308 675,945 (799,631
(47,349) (5,727) 130,599 23,010 136,831 (35,950) (1,448) 15,023 (106,250) (393,695) 405,936
I ($727) $147,267 $15,372 $135,875 ($207,439) $48,762 $113,308 $282,250 ($393,695
I
57
•
CITY OF DUBLIN
BUDGETED SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1992
TRAFFIC SAFETY STATE GAS TAX
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUES
Taxes
Sales and use taxes
Intergovernmental
FAU grant
CDBG funds
Gasoline tax $410,750 $423,740 $12,990
TDA Act funds
SB 300 Grant
Charges for services
Property fees
Use of money and property
Interest 11,200 13,264 2,064
Fines and forfeits
Vehicle code fines $15,250 $32,721 $17,471
Other revenue
Park dedication fees
Miscellaneous
Special assessments
Total Revenues 15,250 32,721 17,471 421,950 437,004 15,054
EXPENDITURES
General government
Service and supplies
Public safety
Service and supplies
Contract services 15,250 15,250
Highways and streets
Service and supplies 60,000 56,054 3,946
Contract services 86,600 1,225 85,375
Community development
Contract services 5,000 5,000
Capital outlay
Service and supplies 466,054 361,283 104,771
Contract services 35,316 (35,316)
Total Expenditures 15,250 15,250 617,654 458,878 158,776
EXCESS OF REVENUES OVER
(UNDER)EXPENDITURES 17,471 $17,471 ($195,704) (21,874) $173,830
Fund balances(deficits), beginning of the year (35,774) 75,141
Fund balances(deficits), end of year ($18,303) $53,267
58
•
TRANSPORTATION DEVELOPMENT ACT SPECIAL CRIMINAL ACTIVITY FEDERAL AID URBAN HIGHWAY
Variance Variance Variance
Favorable Favorable Favorable
. Budget Actual (Unfavorable) Budget Actual (Unfavorable) 'Budget Actual (Unfavorable)
$938,833 $855,020 ($83,813)
•
$113,166 $146,433 $33,267 •
$1,360 $1,621 - $261 -
•
6,000 4,150 (1,850)
113,166 146,433 33,267 7,360 5,771 (1,589) 938,833 855,020 (83,813)
•
3,142 3,142
13,295 6,353 6,942
•
110,024 98;505 11,519 • 744,956 548,554 196,402
10,626 (10,626) • 28,415 (28,415)
• 113,166 112,273 893 13,295 . 6,353 6,942 744,956 576,969 167,987
34,160 . $34,160 ($5,935) (582) $5,353 $193,877 278,051 $84,174
(122,620) 26,895 - (356,917)
. ($88,460) $26,313 ($78,866)
(Continued)
59
CITY OF DUBLIN
BUDGETED SPECIAL REVENUE FUNDS
COMBINING STATEMENT.OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1992 iT
COMMUNITY DEVELOPMENT
BLOCK GRANT PARK DEDICATION
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUES
Taxes
Sales and use taxes
Intergovernmental
FAU grant
CDBG funds $48,506 $34,124 ($14,382)
Gasoline tax
TDA Act funds
SB 300 Grant
Charges for services
Property fees
Use of money and property
Interest $6,200 $151 ($6,049)
Fines and forfeits
Vehicle code fines
Other revenue
Park dedication fees 590,300 325,217 (265,083)
Miscellaneous
Special assessments
Total Revenues 48,506 34,124 (14,382) 596,500 325,368 (271,132)
EXPENDITURES
General-government
Service and supplies
Public safety
Service and supplies
Contract services
Highways and streets
Service and supplies
Contract services
Community development
Contract services
Capital outlay z
Service and supplies 50,709 26,927 23,782 3,508 (3,508)
Contract services 415,150 148,400 266,750
Total Expenditures 50,709 26,927 23,782 415,150 151,908 263,242
EXCESS OF REVENUES OVER
(UNDER)EXPENDITURES ($2,203) 7,197 $9,400 $181,350 173,460 ($7,890)
Fund balances(deficits),beginning of the year (7,197) (82,961)
Fund balances(deficits),end of year $90,499
60 -
SALES TAX MEASURE B STREET LIGHTING STAGECOACH LANDSCAPE
Variance Variance Variance
-- Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$114,000 $105,484 ($8,516)
600 2,599 1,999 $6,800 $7,507 $707 $900 $949 $49
3,000 3,361 361
169,750 177,615 7,865 45,780 48,324 2,544
114,600 108,083 (6,517) 179,550 188,483 8,933 46,680 49,273 2,593
._ 170,250 163,440 6,810
3,300 6,047 (2,747)
10,080 12,421 (2,341)
38,500 43,727 (5,227)
6,000 2,328 3,672 2,000 763 1,237
58,298 63,952 (5,654)
6,950 (6,950)
58,298 70,902 (12,604) 179,550 171,815 7,735 50,580 56,911 (6,331)
$56,302 37,181 ($19,121) 16,668 $16,668 ($3,900) (7,638) ($3,738)
8,201 130,599 23,010
$45,382 $147,267 $15,372
(Continued)
61
CITY OF DUBLIN
BUDGETED SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1992
DOUGHERTY LANDSCAPE
AND LIGHTING SB 300 GRANT "r
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUES
Taxes
Sales and use taxes
Intergovernmental
FAU grant
CDBG funds
Gasoline tax ---
TDA Act funds
SB 300 Grant $273,155 $106,250 ($166,905)
Charges for services
Property fees ;
Use of money and property
Interest $9,700 $7,817 ($1,883)
Fines and forfeits _
Vehicle code fines
Other revenue
Park dedication fees
Miscellaneous 4,000 7,681 3,681
Special assessments 47,700 49,951 2,251
Total Revenues 61,400 65,449 4,049 273,155 106,250 (166,905)
EXPENDITURES
General government
Service and supplies
Public safety
Service and supplies
Contract services
Highways and streets
Service and supplies 14,800 15,933 (1,133)
Contract services 50,600 49,791 809 58,111 (58,111)
Community development
Contract services 2,000 681 1,319
Capital outlay
Service and supplies 365,357 65,866 299,491
Contract services 83,462 (83,462)
Total Expenditures 67,400 66,405 995 365,357 207,439 157,918
EXCESS OF REVENUES OVER
(UNDER)EXPENDITURES ($6,000) (956) $5,044 ($92,202) (101,189) ($8,987)
Fund balances(deficits),beginning of the year 136,831 (106,250)
Fund balances(deficits),end of year $135,875 ($207,439)
62 �
NATIONAL POLLUTION DISCHARGE TOTAL
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$114,000 $105,484 ($8,516)
' 938,833 855,020 (83,813)
48,506 34,124 (14,382)
410,750 423,740 12,990
113,166 146,433 33,267
273,155 106,250 (166,905)
$132,065 $145,418 $13,353 132,065 145,418 13,353
2,005 2,005 36,760 35,913 (847)
15,250 32,721 17,471
590,300 325,217 (265,083)
13,000 15,192 2,192
263,230 275,890 12,660
132,065 147,423 15,358 2,949,015 2,501,402 (447,613)
3,142 3,142
183,545 169,793 13,752
18,550 21,297 (2,747)
84,880 84;408 472 -
4,700 4,700 180,400. 157,554 22,846
127,365 93,961 33,404 142,365. 102,733 39,632
1,795,398 1,168,595 626,803
415,150 313,169 101,981
$132,065 $98,661 $33,404 2,823,430 2,020,691 802,739
48,762 $48,762 $125,585 480,711 $355,126
(311,042)
$48,762 $169,669
63
CITY OF DUBLIN
BUDGETED SPECIAL REVENUE FUNDS
SCHEDULE OF BUDGET VERSUS ACTUAL
DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 1992
1992 yt
Variance
Favorable
Budget Actual. (Unfavorable)
General government-City Council $1,142 $3,142
Public safety:
Police 13,295 6,353 $6,942 t,
Traffic signals and street lighting 188,800 184,737 4,063
Total Public Safety 202,095 191,090 11,005
Highways and streets:
Street tree maintenance 13,100 4,884 8,216
Street landscaping maintenance 100,880 116,988 (16,108)
Street maintenance 151,300 120,090 31,210 -_
Total Highways and Streets 265,280 241,962 23,318
Community development-Engineering 142,365 102,733 39,632 -
Capital outlay:
San Ramon Road improvements,phase four 1,042,510 954,723 87,787
Senior Citizen kitchen upgrade 21,928 21,927 1
Dublin Boulevard extension 223,655 74,586 149,069
Annual street overlay project 200,000 139,240 60,760
Dublin High girls athletic field renovation . 224,600 369 224,231
Street subdrain project 128,000 6,404 121,596 I
Dublin Boulevard bridge 40,500 18,845 21,655
Kalidescope Center project 5,000 5,000 ,,-
Arroyo Vista playgrounds 23,781 23,781
Handicapped ramps 35,024 33,972 1,052
Nelsen School play area 37,800 13,848 23,952
Wells Cronin play area 58,800 45,252 13,548
Murry School baseball diamond 22,400 20,469 • 1,931
Dublin Sports Grounds 6,800 6,800 ',
Dublin Swim Center 64,750 6,407 58,343
Shannon Park 65,563 (65,563) s`
Dougherty Road bike path project 75,000 75,159 (159)
Total Capital Outlay 2,210,548 1,481,764 728,784
Total Expenditures $2,823,430 $2,020,691 $802,739
R
1
6 4 ;}_
•
CITY OF DUBLIN
CAPITAL PROJECTS FUNDS
Capital Projects Fund-To account for acquisitions and constructions of capital facilities other than those financed by
proprietary funds.
The Dublin Boulevard Extension #1 Capital Projects Fund was established to account for infrastructure
improvements financed with resources received from other governmental agencies.
The Dublin Boulevard Extension #2 Capital Projects Fund was established to account for infrastructure
improvements financed by the Dublin Boulevard Assessment District.
65
CITY OF DUBLIN
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEETS
JUNE 30, 1992
WITH COMPARATIVE AMOUNTS AS OF JUNE 30, 1991
Dublin Dublin TOTALS
Capital Boulevard Boulevard
Projects Extension#1 Extension#2 1992 1991
ASSETS
Cash and investments $109,879 $216,272 $1,087,127 $1,413,278 $61,789
Receivables:
Accounts 1,279 1,279
Interest 41,651 41,651
Condemnation deposits 32,700 32,700
Total Assets $109,879 $290,623 $1,088,406 $1,488,908 $61,789
LIABILITIES
Accounts payable $21,851 $240,025 $210,080 $471,956 $925
Deposits payable 95,865 95,865 133,094
Due to other funds 23,105
Total Liabilities 117,716 240,025 210,080 567,821 157,124
FUND BALANCES
Reserved for condemnation deposits 32,700 32,700
Undesignated (7,837) 17,898 878,326 888,387 (95,335)
Total Fund Balances(Deficit) (7,837) 50,598 878,326 921,087 (95,335) '-"
Total Liabilities and Fund Balances(Deficit) $109,879 $290,623 $1,088,406 $1,488,908 $61,789
66
,-
CITY OF DUBLIN
CAPITAL PROJECTS FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES (DEFICITS)
FOR THE YEAR ENDED JUNE 30, 1992
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1991
Dublin Dublin TOTALS
I
Capital Boulevard Boulevard
Projects Extension#1 Extension#2 1992 1991
REVENUES -
Use of money and property $2,856 $41,651 $5,650 $50,157 $11,875
Other revenue 286,190 286,190 76,091
Total Revenues. 289,046 41,651 5,650 336,347 87,966
EXPENDITURES
Capital outlay:
Land,equipment and other facilities 36,433 1,457,856 1,082,474 2,576,763 63,984
1 Contractual services 167,568 782,247 32,822 982,637 - -- 68,481
Total Expenditures 204,001 2,240,103 1,115,296 3,559,400 132,465
EXCESS OF REVENUES OVER
__- (UNDER)EXPENDITURES 85,045 (2,198,452) (1,109,646) (3,223,053) (44,499)
OTHER:FINANCING SOURCES
Operating transfer in 2,453 2,453
Operating transfer(out) (35,950) (35,950)
Proceeds from BART Advance 2,285,000 2,285,000
Contribution in aid of construction. 1,987,972 1,987,972
Total Other Financing Sources 2,453 2,249,050 1,987,972 " 4,239,475
EXCESS OF REVENUES AND OTHER
FINANCING SOURCES OVER(UNDER)
EXPENDITURES 87,498 50,598 - 878,326 1,016,422 (44,499)
Fund deficits,beginning of year (95,335) (95,335) (50,836)
Fund balances(deficits), end of year ($7,837) $50,598 $878,326 $921,087 ($95,335)
67
CITY OF DUBLIN
BUDGETED CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES (DEFICITS)
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 1992
CAPITAL PROJECTS DUBLIN BOULEVARD EXTENSION#1
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUES
Use of money and property $3,200 $2,856 ($344) $41,651 $41,651
Other revenue • 649,442 286,190 (363,252) $441,000 (441,000)
Total Revenues 652,642 289,046 (363,596) 441,000 41,651 _ (399,349)
EXPENDITURES
Capital outlay:
Land, equipment and other facilities 744,592 36,433 708,159 2,513,345 1,457,856 1,055,489
Contractual services 28,850 167,568 (138,718) 782,247 (782,247)
Total Expenditures 773,442 204,001 569,441 2,513,345 2,240,103 273,242
EXCESS OF REVENUES OVER
(UNDER)EXPENDITURES (120,800) 85,045 205,845 (2,072,345) (2,198,452) (126,107)
OTHER FINANCING SOURCES
Operating transfer in 2,453 2,453
Operating transfer(out) (35,950) (35,950)
Proceeds from BART Advance 2,285,000 2,285,000
Contribution in aid of construction
Total Other Financing Sources 2,453 2,453 2,285,000 2,249,050 (35,950)
EXCESS OF REVENUES AND OTHER
FINANCING SOURCES OVER(UNDER)
EXPENDITURES ($120,800) 87,498 $208,298 $212,655 50,598 ($162,057)
Fund deficit,beginning of year (95,335)
Fund balances(deficits),end of year ($7,837) $50,598
68
DUBLIN BOULEVARD EXTENSION#2 TOTAL
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
$5,650 $5,650 $3,200 $50,157 $46,957
1,090,442 286,190 (804,252)
5,650 5,650 1,093,642 336,347 (757,295)
$1,082,474 1,082,474 4,340,411 2,576,763 1,763,648
32,822 32,822 61,672 982,637 (920,965)
1,115,296 1,115,296 4,402,083 3,559,400 842,683
(1,115,296) (1,109,646) 5,650 (3,308,441) (3,223,053) 85,388
2,453 2,453
(35,950) (35,950)
2,285,000 2,285,000
1,987,972 1,987,972 1,987,972 1,987,972
1,987,972 1,987,972 4,272,972 4,239,475 (33,497)
$872,676 878,326 $5,650 $964,531 1,016,422 $51,891
(95,335)
$878,326 $921,087
69
CITY OF DUBLIN
BUDGETED CAPITAL PROJECTS FUNDS
SCHEDULE OF BUDGET VERSUS ACTUAL ,
DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 1992
1992
Variance
Favorable
Budget Actual (Unfavorable)
Capital outlay:
Nielsens School athletic play field $21,000 $21,000
Dublin High School football renovation 28,592 36,433 ($7,841)
Dougherty Road improvements 38,000 9,079 28,921
Dublin Boulevard/Silvergate Drive improvements 320,850: 107,094 213,756
Dublin Boulevard/San Ramon Road/Village
Parkway improvements 365,000 30,395 334,605
Dublin Boulevard Extension#1 2,513,345 2,240,103 273,242
Dublin Boulevard Extension#2 1,115,296 1,115,296
Total Expenditures $4,402,083 $3,559,400 $842,683
r--
70
CITY OF DUBLIN
AGENCY FUNDS
Agency funds are used to account for assets held by the City in a fiduciary capacity for individuals,governmental entities
and others. These funds carry out the specifications of trust indentures,ordinance or other regulations.
San Ramon Road Specific Improvement Plan Agency Fund-To account for the special assessment established to
fund the improvements to San Ramon Road and Amador Valley Boulevard.
Employee Deferred Compensation Plan-To account for assets of the City's Employee Deferred Compensation Plan.
Dublin Boulevard Improvement Assessment District Fund-To account for the special assessment established to fund
the improvements to Dublin Boulevard.
71
CITY OF DUBLIN
AGENCY FUNDS
COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 1992
Balance Balance
June 30, 1991 Additions Reductions July 1, 1992
C-
San Ramon Road Specific Improvement Plan
Restricted cash and investments $843,686 $183,487 ($103,936) $923,237
Accounts receivable 13 13
Total Assets $843,686 $183,500 ($103,936) $923,250
Due to bondholders $843,686 $183,500 ($103,936) $923,250
Employee Deferred Compensation Plan
Restricted cash and investments $59,648 $44,027 ($5,007) $98,668
Deferred compensation payable $59,648 $44,027 ($5,007) $98,668
Dublin Boulevard Extension Assessment District
Restricted cash and investments $347,958 . ($65,507) $282,451
Total assets $347,958 ($65,507) $282,451
Accounts payable $10,963 $10,963
Due to other funds 1,500 1,500
Due to bondholders 335,495 ($65,507) 269,988 ,_.._
Total liabilities $347,958 ($65,507) $282,451
Total Agency Funds
Restricted cash and investments $903,334 $575,472 ($174,450) $1,304,356
Accounts Receivable 13 13
Total Assets $903,334 $575,485 ($174,450) $1,304,369
Accounts payable $10,963 $10,963
Due to other funds 1,500 1,500
Due to bondholders $843,686 518,995 ($169,443) 1,193,238
Deferred compensation payable 59,648 44,027 (5,007) 98,668
Total Liabilities $903,334 $575,485 ($174,450) $1,304,369
72
STATISTICAL SECTION
(This Page Left Blank Intentionally)
CITY OF DUBLIN
GOVERNMENTAL EXPENDITURES BY FUNCTION
ALL.GOVERNMENTAL FUND TYPES
LAST TEN FISCAL YEARS
PUBLIC
GENERAL SAFETY AND
GOVERNMENTAL HEALTH HIGHWAYS CULTURE
FISCAL AND FACILITIES AND AND COMMUNITY AND CAPITAL
YEAR RENTS WELFARE STREETS DEVELOPMENT LEISURE OUTLAY TOTAL
1982-1983 $222,837 $1,179,124 $150,069 $152,064 $3,348 $112,909 $1,820,351
- 1983-1984 273,906 1,327,700 199,291 434,921 64,602 714,566 3,014,986
1984-1985 361,392 1,494,855 319,247 602,567 224,588 1,982,847 4,985,496
1985-1986 542,616 1,676,247 635,445 961,541 309,092 3,641,282 7,766,223
1986-1987 2,208,131 1,770,331. 730,051 1,062,858 365,193 3,668,733 9,805,297
1987-1988 2,308,376 2,039,119 813,482 1,091,901 524,622 2,914,458 9,691,958
1988-1989 1,286,201 3,986,097 941,276 1,336,870 1,026,538 3,214,398 11,791,380
1989-1990 2,047,506 4,672,847 1,021,641 1,583,504 1,274,861 2,652,683 13,253,042
1990-1991 3,593,481 5,095,032 1,041,627 1,827,354 1,459,419 3,403,128 16,420,041
1991-1992 3,339,061 5,683,582 1,025,265 1,541,207 1,682,262 5,273,041 18,544,418
SOURCE:CITY OF DUBLIN ANNUAL FINANCIAL REPORT
INCLUDES FIRE SERVICES AND CULTURE AND LEISURE SERVICES RESPONSIBILITIES
ASSUMED JULY 1, 1988.
INCLUDES FEDERAL AID URBAN EXPENDITURES BEGINNING IN 1986-1987.
75
CITY OF DUBLIN
GENERAL GOVERNMENTAL REVENUES BY SOURCE
ALL GOVERNMENTAL FUND TYPES
LAST TEN FISCAL YEARS
USE OF
LICENSES CHARGES MONEY FINES
FISCAL AND INTER- FOR AND AND OTHER SPECIAL
YEAR TAXES PERMITS GOVERNMENTAL SERVICES PROPERTY FORFEITS REVENUE ASSESSMENTS TOTAL
1982-1983 $3,009,677 $3,936 $905,461 $32,906 $132,913 $48,806 $5,055 $4,138,754
1983-1984 3,845,968 345,346 1,114,109 123,124 409,198 61,734 533,113 6,432,592
1984-1985 4,738,818 333,982 1,456,930 260,217 1,004,263 68,301 556,690 $137,145 8,556,346
1985-1986 5,062,103 410,246 1,436,379 682,324 1,111,034 68,995 381,784 435,995 9,588,860
1986-1987 5,837,811 586,320 1,965,454 593,407 883,644 91,755 501,802 157,704 10,617,897
1987-1988 6,179,005 532,696 1,660,205 466,673 1,074,160 94,584 593,069 246,915 10,847,307
1988-1989 9,305,662 292,189 2,567,703 738,314 1,183,847 104,641 68,617 262,197 14,523,170
1989-1990 9,769,276 315,010 1,667,801 1,090,386 1,405,882 91,221 908,784 287,205 15,535,565
1990-1991 10,312,208 248,116 2,564,553 1,196,484 1,388,351 82,367 383,423 281,428 16,456,930
1991-1992 9,805,734 246,459 2,489,765 1,085,251 1,125,154 58,501 1,051,625 275,890 16,138,379
SOURCE:CITY OF DUBLIN ANNUAL FINANCIAL REPORT
76
CITY OF DUBLIN
ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE.PROPERTY
LAST TEN FISCAL YEARS
TOTAL
FISCAL SECURED UNSECURED NET ASSESSED'
YEAR PROPERTY UTILITY PROPERTY VALUATION
1982-1983 $420,655,192 $11,395,380 $52,149,934 $484,200,506
1983-1984 474,965,963 ' 12,582,160 62,296,499 549,844,622
1984-1985 515,660,344 13,182,170 64,760,035 593,602,549
1985-1986 598,426,296 14,662,390 74,740,855 687,829,541
1986-1987 721,792,937 16,371,040 82,214,150 820,378,127
1987-1988 802,835,061 18,759,300 85,253,484 906,847,845
1988-1989 962,867,790 1,812,200 84,339,466 1,049,019,456
1989-1990 1,086,479,184 1,812,200 94,717,004 1,183,008,388
1990-1991 1,195,196,327 4,536,700 90,697,434 1,290,430,461
1991-1992 1,285,655,755 4,536,700 92,332,101 1,382,524,556
SOURCE: ALAMEDA COUNTY OFFICE OF THE AUDITOR-CONTROLLER
77
CITY OF DUBLIN
PROPERTY TAX RATES
ALL OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS _
BASIC FLOOD BAY EAST DUBLIN
COUNTY ZONE AREA BAY SAN RAMON
FISCAL WIDE LEVY SCHOOL STATE RAPID PARKS SERVICES ALAMEDA
YEAR ($1/$100) DISTRICTS BONDS TRANSIT BOND DISTRICT COUNTY TOTAL
1982-1983 $1.0000 $0.2157 $0.0363 $0.0628 $0.0162 $0.0060 $1.3370
1983-1984 1.0000 0.1979 0.0326 0.0617 0.0164 0.0094 1.3180
1984-1985 1.0000 0.2045 0.0291 0.0572 0.0156 0.0091 1.3155
1985-1986 1.0000 0.1136 0.0429 0.0508 0.0055 1.2128
1986-1987 1.0000 0.0820 0.0185 0.0421 0.0051 1.1477
1987-1988 1.0000 0.0958 0.0119 0.0390 0.0032 0.0017 1.1516
1988-1989 1.0000 0.0862 0.0183 0.0372 0.0019 0.0019 1.1455
1989-1990 1.0000 0.0701 0.0198 0.0319 $0.0047 0.0020 0.0019 1.1304
1990-1991 1.0000 0.1003 0.0142 0.0250 0.0032 0.0007 0.0013 1.1447
1991-1992 1.0000 0.0935 0.0133 0.0251 0.0028 0.0010 0.0058 1.1415
SOURCE: ALAMEDA COUNTY OFFICE OF THE AUDITOR-CONTROLLER
i
78
CITY OF DUBLIN
COMPUTATION OF LEGAL DEBT MARGIN
JUNE 30, 1992
Assessed valuation :
Assessed value $1,382,524,556
Add back exempt real property 45,564,903
Total Assessed Value $1,428,089,459
Legal debt margin :
Debt limitation- 15 percent of total assessed value $214,213,419
Percent of debt limit authorized and issued 0.00%
SOURCE: CITY OF DUBLIN FINANCE DEPARTMENT
EXCLUDES CERTIFICATES OF PARTICIPATION AND 1915 ACT BONDS SINCE
THEY ARE NOT GENERAL OBLIGATION DEBT.
79
CITY OF DUBLIN
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
JUNE 30, 1992
NET DEBT
PERCENTAGE OUTSTANDING
APPLICABLE APPLICABLE
TO CITY OF TO CITY
JURISDICTION DUBLIN OF DUBLIN
Alameda County Authorities 2.215 $6,797,148
Alameda County Superintendent of Schools 2.215 172,992
Oakland-Alameda County Coliseum Authority 1.108 150,731
Bay Area Rapit Transit District 0.855 2,397,634
Alameda County Flood Control District, Zone#7 12.920 71,706
Dublin Joint Unified School District • ' 98.904 3,436,914
Amador Valley Joint Union High School District 98.904 124,964
Murray School District 98.904 294,709
East Bay Regional Park District 1.274 741,341
Bay Area Pollution Control Authority 0.396 455
City of Dublin Certificates of Participation 100.000 16,365,000
City of Dublin 1915 Act Bonds 100.000 2,845,000
TOTAL GROSS DIRECT AND OVERLAPPING BONDED DEBT 33,398,594
LESS:OAKLAND-ALAMEDA COUNTY COLISEUM AUTHORITY
(100% SELF-SUPPORTING) 150,731
TOTAL $33,247,863
(1)Excludes tax and revenue anticipation notes; revenue,mortgage revenue and
tax allocation bonds; and non-bonded capital lease.
STATE SCHOOL BUILDING AID REPAYABLE AS OF 6/30/92: $883,469
SOURCE: CALIFORNIA MUNICIPAL STATISTICS, INC. AND CITY FINANCE DEPARTMENT.
80
CITY OF DUBLIN
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL.YEARS
ALAMEDA CITY RANK IN SIZE
FISCAL COUNTY POPULATION OF CALIFORNIA
YEAR POPULATION• POPULATION % OF COUNTY CITIES
1982-1983 . * 1,132,300 .*_
1983-1984 15,100 1,149,200 1.31% 230
1984-1985 15,500 1,166,800 1.33% 232
1985-1986 15,450 . 1,181,000 1.31% 237
1986-1987 17,650 1,201,400 1.47% . 231
1987-1988. 20,850 1,214,200 1.72% 218
1988-1989 21,950 - 1,234,900 1.78% 221
1989-1990 23,550 1,252,600 1.88% 220
1990-1991 23,500 1,293,000 1.82% 230
1991-1992 25,162 1,313,300 1.92% 222
*INFORMATION NOT AVAILABLE
SOURCE: STATE OF CALIFORNIA DEPT,OF FINANCE-POPULATION RESEARCH UNIT
81
•
• CITY OF DUBLIN
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
•
TOTAL COMMERCIAL RESIDENTIAL
FISCAL NUMBER OF CONSTRUCTION CONSTRUCTION • BANK
YEAR PERMITS ISSUED . VALUE •VALUE DEPOSITS
1982-1983 529 $7,048,317 $24,784,393 • $164,428,000
1983-1984 525 3,461,360 7,245,025 232,571,000
1984-1985 768 16,093,749 18,991,926 247,622,000
1985-1986 868 17,720,298 90,012,961 294,462,000
1986-1987 1,193 11,784,734 44,889,395 336,751,000
1987-1988 1,068 12,777,965 52,580,666 378,557,000
•
1988-1989 901 13,654,511 15,911,836 399,923,000
1989-1990 910 6,367,726 30,536,676 439,781,000
1990-1991 752 7,604,547 8,074,458 450,215,000
1991-1992 798 9,759,533 5,005,547 +
•INFORMATION NOT AVAILABLE
SOURCES:FINDLEY REPORTS, INC. AND CITY BUILDING DEPARTMENT STATUS REPORTS
82
CITY OF DUBLIN
MISCELLANEOUS STATISTICAL DATA
JUNE 30, 1992
Date of Incorporation February 1982 Education:
- Form of Government Council/Manager I. Public:
Employees 101 . Elementary Schools 3
Population 25,162 Middle School 1
Area - 8 Sq. Miles High School 1
Miles of streets 52.60 Continuation 1
Miles of Curbs 124.70 Teachers 158
Signaled Intersections 20 Elementary Classrooms 54
Number of Street Lights 1,697 Middle School Classrooms 39
Average Daily Trips on I-680 95,500 High School Classrooms 41
Average Daily Trips on I-580 140,000. Continuation School Classrooms 5
Fire Protection: Students Enrolled:
Dougherty Regional Fire Authority- September 1982 3,643
Number of Stations 2 September 1983 3,442
Number of Fire Personnel 50 September 1984 3,354
September 1985 3,326
Police Protection: September.1986 3,407
Number of Stations 1 September 1987 3,499
Number of Police Officers 28 September 1988 3,213
Number of Support Personnel 3.5 September 1989 3,135
September 1990 3,150
September 1991 3,173
September 1992 3,379
Parks and Recreation:
Parks - 9 II. Private Schools:
Arcres in Parks 147 Valley Christian:
Elementary 521
Junior High 122
High 152
Valley Lutheran Elementary 150
St. Raymonds Elementary 247
Number of Registered Voters 11,306
Community Facilities:
Dublin Civic Center
Dublin Senior Center
Dublin Shannon Center
Dublin Swim Center
Dublin Sports Grounds
Source: City and School District Records 8 3
CITY OF DUBLIN
SCHEDULE OF 1985 CERTIFICATES OF PARTICIPATION COVERAGE -
FISCAL YEARS 1985-1988
NET REVENUE DEBT SERVICE
DIRECT AVAILABLE REQUIREMENTS
FISCAL GROSS OPERATING FOR DEBT
YEAR REVENUE(1) EXPENSES(2) SERVICE PRINCIPAL INTEREST TOTAL COVERAGE
1985-1986 $667,811 $667,811 $667,811 $667,811 100.000%
1986-1987 1,815,555 $443,194 -1,372,361 $173,000 1,078,080 1,251,080 109.694%
1987-1988 13,180,797 27,216 13,153,581 11,795,000 (3) 1,066,403 12,861,403 102.272%
(1)GROSS REVENUE INCLUDES RENT, INTEREST INCOME AND 1985 CERTIFICATES OF PARTICIPATION
PROCEEDS EARMARKED FOR DEBT SERVICE. THE 1987-1988 TOTAL INCLUDES$11,615,000
PRINCIPAL AMOUNT OF 1988 CERTIFICATES OF PARTICIPATION PROCEEDS USED TO DEFEASE
THE 1985 CERTIFICATES OF PARTICIPATION. -
(2)DIRECT OPERATING EXPENSES EXCLUDES INTEREST AND DEPRECIATION -
(3)INCLUDES$11,615,000 PRINCIPAL AMOUNT OF 1985 CERTIFICATES OF PARTICIPATION
DEFEASED IN 1988 AND NO LONGER THE CITY'S DEBT
SOURCE: CITY OF DUBLIN ANNUAL FINANCIAL REPORT
84
'i
CITY OF DUBLIN
SCHEDULE OF 1988 CERTIFICATES OF PARTICIPATION COVERAGE
LAST FOUR FISCAL YEARS
NET REVENUE DEBT SERVICE -
DIRECT AVAILABLE REQUIREMENT
FISCAL GROSS OPERATING FOR DEBT
YEAR REVENUE(1) EXPENSES(2) SERVICE PRINCIPAL INTEREST(3) TOTAL COVERAGE
1988-1989 $1,547,681 $33,328 $1,514,353 $1,178,501 $1,178,501 128.50%
1989-1990 1,452,254 30,945 1,421,309 1,282,483 1,282,483 110.82%
1990-1991 1,740,720 42,264 1,698,456 $420,000 1,254,131 1,674,131 101.45%
1991-1992 1,735,357 45,609. 1,689,748 445,000 1,240,333 1,685,333 100.26%
(1)GROSS REVENUE INCLUDES FACILITIES RENT, INTEREST INCOME AND 1988 CERTIFICATES
OF PARTICIPATION PROCEEDS EARMARKED FOR DEBT SERVICE.. .
(2)DIRECT OPERATING EXPENSES EXCLUDES INTEREST AND DEPRECIATION .
(3)EXCLUDES AMORTIZATION OF BOND DISCOUNT .
SOURCE: CITY OF DUBLIN ANNUAL FINANCIAL REPORT
85 .
CITY OF DUBLIN
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
FUNDING ANALYSIS
FISCAL YEARS 1986-1991
PERCENT OF
OVERFUNDED
PENSION
BENEFIT
OVERFUNDED OBLIGATION
NET ASSETS PENSION PENSION ANNUAL TO ANNUAL
FISCAL AVAILABLE BENEFIT PERCENT BENEFIT COVERED COVERED
YEAR FOR BENEFITS OBLIGATION FUNDED OBLIGATION PAYROLL PAYROLL
1986-1987 $224,510 $193,490 116.03% $31,020 $641,910 4.83%
1987-1988 331,670 321,820 103.06% 9,850 818,530 1.20%
'-
1988-1989 485,870 433,477 112.09% 52,393 1,034,010 5.07%
1989-1990 673,728 582,374 115.69% 91,354 1,241,152 7.36%
1990-1991 871,272 718,724 121.22% 152,548 1,507,749 10.12%
•
THE ABOVE INFORMATION WAS NOT AVAILABLE FOR YEARS PRIOR TO
1986 OR FOR FISCAL YEAR 1992.
SOURCE:CALFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM. (PERS)
86
CITY OF DUBLIN
PROPERTY TAX LEVIES AND COLLECTIONS
LAST NINE FISCAL YEARS
PERCENT
OF TOTAL
TOTAL TAX
PROPERTY PROPERTY COLLECTED
FISCAL TAX TAX TO TAX
YEAR LEVIED - COLLECTED = LEVIED
1983-1984 $363,804 $346,406 95.22%
1984-1985 399,650 380,095 95.11%
1985-1986 467,835 444,612 95.04%
1986-1987 553,730 523,149 94.48%
1987-1988 618,512 590,860 95.53%
1988-1989 2,915,555 2,797,473 95.95%
1989-1990 3,286,145 3,149,417 95.84%
•
1990-1991 3,570,018 3,399,795 95.23%
1991-1992 3,860,349 3,611,824 93.56%
THE CITY WAS INCORPORATED IN FEBRUARY 1982. NO PROPERTY TAX WAS
ALLOCATED TO THE CITY PRIOR TO THAT YEAR. THE CITY ACQUIRED THE
RESPONSIBILITY FOR PARKS MAINTENANCE, FIRE PROTECTION SERVICES
AND THE RELATED PROPERTY TAXES IN FISCAL YEAR 1988-1989
SOURCE: ALAMEDA COUNTY AUDITOR-CONTROLLER OFFICE
87
CITY OF DUBLIN
PRINCIPAL TAXPAYERS
JUNE 30, 1992
PERCENT
OF TOTAL
ASSESSED ASSESSED
TAXPAYER VALUE VALUE
Metric Institutional Company Investment Partners $20,798,051 1.6177%
Dublin Meadow Partners 19,419,331 1.5105%
Cottonwood Associates 18,522,712 1.4407%
Amador Lakes Associates III 17,829,838 1.3868%
Rafanelli&Nahas&VM Rafaenelli Vineyards 16,892,169 1.3139%
Sierra Dublin Properties 16,050,535 1.2484%
Phoenix Mutual Life Insurance Company 14,656,026 1.1400%
Dublin Associates 14,522,856 1.1296%
Bedford Peter B. and Kirsten N. 13,175,917 1.0248% _.
Chevron U.S.A. Inc. 12,557,320 0.9767%
Total $164,424,755 12.7892%
SOURCE: COUNTY OF ALAMEDA
88
e
CITY OF DUBLIN'S
FINANCIAL STATEMENTS
FOR
THE MONTH OF JUNE 1992
FINAL
(Revised - 10/23/92)
prepared by
The Finance Department
.
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e e
BGLl02 CITY OF DOBLIlI PAGE 1
10/23/92 BALAlICE SHEET 15.43.06
FOR THE
PERIOD 7/91 THROOGH 6/92
GE1IERAL SPECIAL SPECIAL CAPITAL TOT A L S
REVEl/UE REVENUE ASSESSMElIT IMPROVEHEIlT --- MEHOlUlIDOM OIlLY---
FmlDS FUl/DS FUllDS FUlIDS CURRElIT mlE 30, 1991
ASSETS
CASH 2278043.28- 486756.50 1265009.04 326150.80 200126.94- 275174.23-
CASH WITH FISCAL AGENT 117500.00 117500.00
UllAMORTIZED BOl/D DIscounT 1250.00 1250.00 1562.50
IIIVESTMffilTS AT COST 17961688.77 150356.44 1087126.67 19199171.88 16904999.00
RECEIVABLES: TAXES 38057.08 534.88 38591.96
ACCOUNTS (NET) 217326.52 2579.21 1278.52 221184. 25
INTEREST 242570.02 41651.34 284221.36
ASSESSMENTS 270572.83
RENTS
1I0TES
DUE FROM OTHERS 355100.98 355100.98 283673.53
INVENTORY AT coST
PREPAID ITEMS 1938.67 1938.67 5808.31
FIXED ASSETS
~.HOmITS TO BE PROVIDED 2232500.00 2232500.00
TOTAL ASSETS 16539888.76 489335.71 3765900.36 1456207.33 22251332.16 17191441.94
LUB, FND BAL, RETlID EARlIIlIGS
DEPOSITS FOR PRIVATE DEVELPMlIT 40030.63 40030.63 301871. 37-
DEPOSITS FOR AB1600 FEES 95865.04- 95865.04- 133094.40-
DEPOSITS OTHERS 165180.77- 3125.00- 168305.77- 131896.34-
PAYABLES:ACCOUNTS 898537.51- 151999.97- 40145.09- 471955.14- 1562637.71- 109874.00-
IlITEREST
PAYROLL 96771.29- 96771.29- 392.09-
DUE TO OTHERS 24649.79- 353600.98- 1500.00- 379750.77- 297808.45-
DEBT IlISTRUMEIlTS PAYABLE 2845000.00- 2845000.00- 605000.00-
TOTAL LIABILTIES 1145108.73- 505600.95- 2889770.09- 567820.18- 5108299.95- 1579936.65-
FUlID BAIJJICES 15394780.03- 16265.24 876130.27- 888387.15- 17143032.21- 15611505.29-
TOTAL FUlID EQUITY 15394780.03- 16265.24 876130.27- 888337.15- 17143032.21- 15611505.29-
TOTAL LIAB,FMD BAL, RETD EARNS 16539888.76- 489335.71- 3765900.36- 1456207.33- 22251332.16- 17191441. 94-
e e PAGE 1
BGLl02 CITY OF DOBLIU
10/23/92 BAL.~llCE SHEET 16.52.28
FOR THE
PERIOD 7/91 THROUGH 6/92
IlITERUAL ElrrERPRISE FIXED ASSETS GEUERAL LOJlG TOT A. L S
SERVICE FUlIDS GROUP OF TERM DEBT --- MEMORAIIDUM OIlLY ---
FUND ACCOmlTS ACCOUlIT GROUP CURRElIT JUliE 30 I 1991
ASSETS
CASH 358333.50 358333.50 258382.85
CASH WITH FISCAL AGENT 1720935.93 1720985.93 1714537.60
illlAMORTIZED oolID DIscomlT
IUVESTMENTS AT COST
RECEIVABLES: TAXES
ACCOUNTS (!lET)
IIITEREST 64500.15 64500.15 44632.03
ASSESSHEIITS
REllTS
1I0TES
DUE FROM OTHERS
INVEHTORY AT COST
PREPAID ITEMS 108.75 1724.03 1832.78 10340.03
FIXED ASSETS 110488.69 21420859.73 459282.53 21990630.95 22935088.12
AHOUlITS TO BE PROVIDED 2285000.00 2285000.00
TOTAL ASSETS 468930.94 23208069.84 459282.53 2285000.00 26421283.31 24962980.63
LIABI FIID BALI RETND EARllIlfGS
DEPOSITS FOR PRIVATE DEVELPMNT
DEPOSITS OTHERS
PAYABLES:ACCOUllTS 4821.07- 1464.10- 6285.17- 108310.00-
IltTEREST
P.~YROLL
DUE TO OTHERS
DEBT IlISTRUMElITS PAYABLE 16556062.08- 2285000.00- 18841062.08- 17320767.00-
TOTAL LIABILITIES 4821.07- 16557526.18- 2285000.00- 18847347.25- 17429077.00-
FUlID BALAlICE 348111.69- 1547420.66- 1895532.35- 1964669.65-
CONTRIBUTIONS 115998.18- 5103123.00- 5219121. 18- 5197401.00-
IlIVESTMEIITS III FIXED ASSETS 459282.53- 459282.53- 379709.98-
RETAIllED EARllIIlGS
TOTAL FUlID EQUITY 464109.87- 6650543.66- 459282.53- 7573936.06- 7533903.63-
TOTAL LIABIFIID BALI RETD EARlIS 468930.94- 23208069.84- 459282.53- 2285000.00- 26421283.31- 2~962980.63-
e e
BGLl04 THE CITY OF DUBLIlI STATEHEIIT SHOWIlIG Pi\.GE 1
10/23/92 REVENUES VERSUS EXPEllDITURE 15.16.01
FOR THE
PERIOD 7/91 THROUGH 6/92
GENERAL REVElIUE FunD
CURRElIT PERIOD PREVIOUS PERIOD 91
BUDGET ACTUp], PERCElIT VARIAlICE BUDGET ACTUAL PERCElIT Vp.RIAlICE
******** REVEnUES ** * ****
PROPERTY TAXES 4034100.00- 3807251.35- 94.4 226848.65- 3704500.00- 3543516.91- 95.7 160983.09-
SALES TAX 6300000.00- 5293709.47- 84.0 1006290.53- 5700000.00- 5749728.72- 100.9 49728.72
REAL PROPERTY TRAlISFERS 76000.00- 62318.57- 82.0 13681. 43- 76000.00- 67577.31- 88.9 8422.69-
TlWlSIENT OCCUPANCY TAX 100000.00- 93958.00- 94.0 6042.00- 106000.00- 99646.00- 94.0 6354.00-
FRAllCRISE TAXES 434500.00- 443012.78- 102.0 8512.78 389900.00- 407128.53- 104.4 17228.53
LICENSES & PERHITS 474700.00- 246458.50- 51.9 228241 .50- 408100.00- 248841. 31- 61.0 159258.69-
FINES & FORFEITURES 19500.00- 25780.28- 132.2 6280.28 20000.00- 19476.34- 97.4 523.66-
USES OF MONEY AIlD PROPERTY 1091100.00- 1038502.77- 95.2 52597.23- 1211870.00- 1253699.99- 103.5 41829.99
IlrrERlIGOVERllJ.IEllTAL FROM STATE 939366.00- 864646.98- 92.0 74719.02- 1027260.00- 969735.21- 94.4 57524.79-
CELljGES FOR SERVICES 1209905.00- 939833.28- 77.7 270071.72- 1164816.00- 1022906.34- 87.8 141909.66-
OTHER SOURCES OF REVENUE 54600.00- 258944.33- 474.3 204344 .33 97500.00- 171538.63- 175.9 74038.63
TOT>.L REVENUE 14733771.00- 13074416.31- 83.7 1659354.69- 13905946.00- 13553795.29- 97.5 352150.71-
*******EXPEIIDITURES*******
GElIERAL C-OVERlfHE1IT ACTIVITI ES:
1101l- DEPARTHElfr AL 388867.00 289508.41 74.4 99358.59 738212.00 778118.37 105.4 39906.37-
CITY COOlICIL 1010 159669.00 123424.14 77.3 36244.86 121778.00 101469.28 83.3 20308.72
CITY MANAGER 1020 506645.00 460780.40 90.9 45864.60 430061.00 392999.26 91.4 37061. 74
CITY ATTORlIEY 1030 196450.00 206533.31 105.1 10083.31- 165000.00 156831. 81 95.0 8168.19
FIlIAlICE DEPARTMENT 1040 247049.00 224100.76 90.7 22948.24 220516.00 200000.06 90.7 20515.94
DATA PROCESSING (FIll) 1045 35500.00 6253.04 17.6 29246.96 .00 .00 .00
BUILDING HAlIAGEHElIT 1050 363220.00 331685.55 91.3 31534. 45 320610.00 284364.04 88.7 36245.96
FACILITY RENTAL 1050-719 1720670.00 1544702.17 89.8 175967.83 1719820.00 1579472.05 91.8 140347 .95
INSURAlICE COST CEIITER 1060 166600.00 145934.30 87.6 20665.70 177500.00 136307.04 76.8 41192.96
ELECT lOllS COST CElITER 1070 3000.00 2997.25 99.9 2.75 3825.00 3066.03 80.2 758.97
ACTIVITY TOTAL 3787670.00 3335919.33 88.1 451750.67 3897322.00 3632627.94 93.2 264694.06
PUBLIC SAFETY:
POLlCE 2010 2794073.00 2752425.36 98.5 41647 . 64 2581151.00 1870151.63 72.5 710999.37
CROSSIlIG GUARDS COST 2020 33120.00 33141.31 100.1 23.31- 8000.00 1366.41 17 .1 6633.57
AlIIHAL COllTROL 2030 56000.00 39120.27 69.9 16879.73 54330.00 49398.89 90.9 4931.11
TRAFFIC SIGlIALS 2040 73550.00 72969.12 99.2 580.88 .00 .00 .00
DISASTER PREAPREDNESS 2050 42085.00 31369.60 74.5 10715.40 30735.00 11456.07 37.3 19278.93
FIRE SERVICES JPA 2060 2578993.00 2475828.00 96.0 103165.00 2295338.00 2203524.00 96.0 91814 .00
ACTIVITY TOTAL 5577821.00 5404855.66 96.9 172965.34 4969554.00 4135897.02 83.2 833656.98
TRAlISPORTATIOll :
PUBLIC WORKS 3010 282015.00 267077.61 94.7 14937.39 260494.00 235587.43 90.4 24906.57
STREET HAIlITElIAIICE 3020 328100.00 269134.03 82.0 58965.97 64200.00 35785.41 55.7 28414. 59
STREET SWEEPIlIG 3030 62000.00 61454.50 99.1 545.50 62000.00 55096.50 88.9 6903.50
STREET TREE HAnITEll~.NCE 3040 66500.00 46090.36 69.3 20409.64 67000.00 54184.47 80.9 12815.53
STREET UJIDSCAPE HAIlIT. 3050 208850.00 196157.46 93.9 12692.54 182500.00 161451. 53 88.5 21048.47
PARATRJ1ISIT SERVICES 3060 1500.00 1500.00 100.0 .00 1500.00 1500.00 100.0 .00
ACTIVITY TOTAL 948965.00 841413.96 88.7 107551. 04 637694.00 543605.34 85.2 94088.66
HEALTH & WELFARE:
VECTOR COlITROL 5010 28296.00 21394.00 75.6 6902.00 27010.00 19707.75 73.0 7302.25
WASTE HAllAGEHEllT 5020 33255.00 8131. 95 24.5 25123.05 .00 .00 .00
ACTIVITY TOTAL 61551.00 29525.95 43.0 32025.05 27010.00 19707.75 73.0 7302.25
CULTURE & LEISURE SERVICES:
LIBRARY SERVICES 8010 156007.00 156007.00 100.0 .00 149650.00 149650.00 100.0 .00
e e
GL104 THE CITY OF DUBLIU STATEMEUT SHOWIllG PAGE 2
10/23/92 REVEllUES VERSUS EXPENDITURE 15.16.01
FOR THE
PERIOD 7/91 THROOGH 6/92
GEIlERAL REVElIUE FUlID
CURREIIT PERIOD PREVIOUS PERIOD 91
BUDGET ACTUAL PERCElIT V}JUH1CE BUDGET ACTUAL PERCElIT V}.RIMICE
CULTURAL ACTIVITIES 8011 44140.00 24137.36 54.7 20002.64 32785.00 .00 32785.00
PARK MAIllTENAlICE 8020 545270.00 552453.63 101. 3 7183.63- 518570.00 425494. 77 82.1 93075.23
COMMUNITY CABLE TV 8030 49000.00 49000.00 100.0 .00 46000.00 46000.00 100.0 .00
RECREATION ADMIlI. 8040 171625.00 158732.32 92.5 12892.68 154760.00 139767.99 90.3 14992 .01
PLAYGROUUDS 8045 66924.00 64679.53 96.6 2244.47 67030.00 64201. 25 95.8 2828.75
SlVllliON CENTER 8050 105787.00 99301.55 93.9 6485.45 94861.00 93065.75 98.1 1795.25
PRESCHOOL 8055 32194.79 31914.44 99.1 280.35 28877.00 27627.27 95.7 1249.73
TEEIlS PROGRAM 8060 47185.00 29761.10 63.1 17423.90 44881.00 23768.17 53.0 21112.83
FIELD SCHEDULIUG 8065 133395.00 105795.55 79.3 27599.45 124931. 00 88360.71 70.7 36570.29
YOUTH SPORTS 8066 31739.00 22599.57 71. 2 9139.43 .00 .00 .00
SPECIAL EVEllTS 8070 27791.00 23936.79 86.1 3854.21 25140.00 21503.64 85.5 3636.36
SElIIOR CENTER 8080 104120.00 95734.44 91.9 8385.56 96401.00 82095.67 85.2 14305.33
RECREATIOU IUSTRUCTION 8090 76921.00 82678.01 107.5 5757.01- 62090.00 51750.01 83.3 10339.99
AQUATICS 8100 192225.00 185531.76 96.5 6693.24 152051. 00 147754.45 97.2 4296.55
ACTIVITY TOTAL 1784323.79 1682263.05 94.3 102060.74 1598027.00 1361039.68 85.2 236987.32
COHHUlUTY DEVELOPHEllT:
PIJ.JilIIllG 9010 1050075.00 950525.99 90.5 99549.01 1261937.00 967660.05 76.7 294276.95
BUILDIIIG SAFETY 9020 326796.00 261821. 47 80.1 64974.53 365584.00 327261. 84 89.5 38322.16
EllGIIIEERIlIG 9030 429791. 00 220206.61 51.2 209584.39 429992.00 358644.55 83.4 71347.45
ECOIIOMIC DEVELOPMENT 9040 57250.00 5920.47 10.3 51329.53 83606.00 11106.09 13.3 72499.91
ACTIVITY TOTAL 1863912.00 1438474.54 77.2 425437.46 2141119.00 1664672.53 77.7 476446.47
CAPITAL IMPROVEMEIlT PROJECTS:
GENER.~L CIP PROJECTS 931m 88850.00 3902.22 4.4 84947.78 160815.00 25666.69 16.0 135148.31
COMMUlIITY IMPROVEMENTS 94111I 67300.00 60566.29 90.0 6733.71 125681.00 120064.59 95.5 5616.41
PARKS 951111 194162.00 122822.27 63.3 71339.73 776997.00 500185.16 64.4 276811. 84
STREET CONSTRC/IHPROv1tT 961nl 235958.00 44584.38 18.9 191373.62 1851847.00 219224.40 11.8 1632622.60
ACTIVITY TOTAL 586270.00 231875.16 39.6 354394.84 2915340.00 865140.84 29.7 2050199.16
TOT A L EXPDIDITURES 14610512.79 12964327.65 88.7 1646185.14 16186066.00 12222691.10 75.5 3963374.90
EXCESS <REVEllUE>EXPEIIDITURES 123258.21- 110088.66- 89.3 13169.55- 2280120.00 1331104.19- 58.4- 3611224.19
TR.~lISFERS IN FROM OTHER FUlIDS .00 15022.96- 15022.96 .00 .00 .00
TRAlISFERS OUT TO OTHER FUlIDS .00 50063.67 50063.67- .00 .00 .00
EXCESS <REVEIIOE> EXPEIIDITURE 123258.21- 75047.95- 60.9 48210.26- 2280120.00 1331104.19- 58.4- 3611224.19
e e
BGL104 THE CITY OF DOBLIlI STATEHEIIT SHOWING PAGE 1
10/23/92 REVElmES VERSUS EXPEIIDITURE 15.13.36
FOR THE
PERIOD 7/91 THROUGH 6/92
SPECIf..L REVEIIUE FillfDS
CUR RElIT PERIOD PREVIOUS PERIOD 91
BUDGET ACTUJ..L PERCENT VARmlCE BUDGET J..CTm.L PERCElIT VJ..RWICE
********REVENUES*******
SALES TAX 114000.00- 105434.20- 92.5 8515.80- 109000.00- 108156.42- 99.2 843.58-
FINES & FORFEITURES 15250.00- 32720.99- 214.6 17470.99 80000.00- 62891.45- 78.6 17108.55-
USES OF MONEY AND PROPERTY 19360.00- 20220.85- 104.4 860.85 41950.00- .00 41950.00-
nrrERlIC,QVER1IMElrrAL FROM STATE 797071.00- 735974.36- n.3 61096.64- 1051569.00- 862740.93- 82.0 183828.07-
IlITERGOVER1IHElITAL FROH FEDERAL 987339.00- 889144.24- 90.1 98194.76- 1373880.00- 230745.80- 16.8 1143134.20-
CHARGES FOR SERVICES 132065.00- 145417.33- 110.1 13352.33 .00 .00 .00
arIlER SOURCES OF REVEllUE 596300.00- 442094.00- 74.1 154206.00- 339000.00- 13109.03- 3.9 325890.97-
TOTAL REVEIIUE 2661385.00- 2371055.97- 89.1 290329.03- 2995399.00- 1277643 .63- 42.7 1717755.37-
*******EXPENDITURES*******
GElIERAL GOVERlIMElIT ACTIVITIES:
1I0N-DEPARTHEIITAL 23781. 00 .00 28781.00 .00 .00 .00
CITY comlCIL 3142.00 3142.00 100.0 .00 5492.00 3904.25 71.1 1587.75
ACTIVITY TOTAL 31923.00 3142.00 9.8 28781.00 5492.00 3904.25 71.1 1587.75
PUBLIC SAFETY:
POLICE 13295.00 6352.78 47.8 6942.22 20150.00 11913.09 59.1 8236.91
CROSSING GuARDS COST .00 .00 .00 24125.00 24125.00 100.0 .00
TR.1l.FFIC SIGlIJ...LS 15250.00 15250.00 100.0 .00 78000.00 73197.32 93.8 4802.68
ACTIVITY TOTAL 28545.00 21602.73 75.7 6942.22 122275.00 109235.41 89.3 13039.59
TlUlISPORTATION:
STREET MAIlrrENAlICE 151300.00 120091. 02 79.4 31208.98 381200.00 268040.84 70.3 113159.16
ACTIVITY TOTAL 151300.00 120091.02 79.4 31208.98 381200.00 268040.84 70.3 113159.16
HEALTH & WELFARE:
CULTURE & LEISURE SERVICES:
COMHUlIITY DEVELOPMENT:
PLAlnlIlIG .00 5000.00 5000.00- .00 .00 .00
E1IGINEERING 132365.00 98960.52 74.8 33404.48 5000.00 5000.00 100.0 .00
AcrIVITY TOTAL 132365.00 103960.52 78.5 28404.48 5000.00 5000.00 100.0 .00
CAPITAL IMPROVEMEIIT PROJECTS:
COIDIUlIITY IHPROVnlElITS 35024.00 33972.00 97.0 1052.00 72254.00 40834.33 56.5 31419.67
PJ..RKS 437078.00 173336.01 39.8 263241. 99 333711.00 645299.54 190.5 306583.54-
STREET COIISTRUCTIOll/IHPROVHT 1709665.00 1268958.14 74.2 440706.86 1022704.00 1221033.33 119.4 198329.33-
ACTIVITY TOTAL 2181767.00 1476766.15 67.7 705000.85 1433669.00 1907167.20 133.0 473498.20-
TOT A L EXPEIIDITL~ES 2554681. 00 1725562.47 67.5 829118.53 1947636.00 2293347.70 117.8 345711. 70-
EXCESS <REVEIIUE>EXPENDITURE 135485.00- 645493.50- 476.4 510008.50 1047763.00- 1015704.07 96.9- 2063467.07-
TRf.JISFERS OUT TO OTHER FUIIDS .00 15022.96 15022.96- .00 .00 .00
EXCESS <REVEIIUE> EXPEh~ITURE 135485.00- 630470.54- 465.3 494985.54 1047763.00- 1015704.07 96.9- 2063467.07-
e e PAGE
BGL104 THE CITY OF DUBLIN STATEMENT SHOWING 1
10/23/92 REVElIUES VERSUS EXPElIDITURE 15.23.25
FOR THE
PERIOD 7/91 THROUGH 6/92
SPECIAL ~.SSESSMElIT FUllDS
CURRElIT PERIOD PREVIOUS PERIOD 91
BUDGET ACTU>.L PERCENT VARIANCE BUDGET ACTUJ..L PERCElIT VJ..RIAlICE
********REVENUES*******
SPECIAL BENEFITS ASSESSHElffS 391430.00- 380716.70- 97.3 10713.30- 370535.00- 539761.26- 145.7 169226.26
USES OF HOllEY AlID PROPERTY 17400.00- 66656.63- 383.1 49256.63 55600.00- .00 55600.00-
OTHER SOORCES OF REVENUE 7000.00- 39804.87- 568.6 32804.87 5000.00- 3968.88- 79.4 1031.12-
TOTAL REVEllUE 415830.00- 487178.20- 117.2 71348.20 431135.00- 543730.14- 126.1 112595.14
*******EXPE1IDITURES*******
GElIERAL GOVERllMEIlT ACTIVITIES:
liON-DEPARTMENTAL 103813.00 95812.50 92.3 8000.50 108419.00 108418.75 100.0 .25
FItIAlICE DEPARTMENT .00 1076.00 1076.00- .00 .00 .00
ACTIVITY TOTAL 103813.00 96888.50 93.3 6924.50 108419.00 108418.75 100.0 .25
PUBLIC SAFETY:
TRFC SIGS/STREET LIGHTING 173550.00 169486.81 97.7 4063.19 160650.00 139428.13 86.8 21221. 87
ACTIVITY TOTAL 173550.00 169486.81 97.7 4063.19 160650.00 139428.13 86.8 21221.87
TR.llJISPORTATIOII :
STREET TREE MAIImNlillCE 13100.00 4883.23 37.3 8216.77 13500.00 4214.76 31.2 9285.24
STREET LANDSCAPE MAINTENAlICE 100880.00 116986.77 116.0 16106.77- 112990.00 92133.36 81.5 20856.64
ACTIVITY TOTAL 113980.00 121870.00 106.9 7890.00- 126490.00 96348.12 76.2 30141. 88
HEALTH & WELFARE:
CULTURE & LEISURE SERVICES:
COMMONITY DEVELOPHElff:
ElIGIllEERING 11000.00 8995.62 81.8 2004.38 12000.00 9600.05 80.0 2399.95
ACTIVITY TOTAL 11000.00 8995.62 81.8 2004.38 12000.00 9600.05 80.0 2399.95
C~.PITAL IMPROVEMEllT PROJECTS:
STREET COllSTRUCTION/IHPROVHT 1534400.00 37888.66 2.5 1496511.34 .00 .00 .00
ACTIVITY TOTAL 1534400.00 37888.66 2.5 1496511. 34 .00 .00 .00
TOT A L EXPENDITURES 1936743.00 435129.59 22.5 1501613.41 407559.00 353795.05 86.8 53763.95
EXCESS<REVENUE> EXPEIIDITURE 1520913.00 52048.61- 3.4- 1572961. 61 23576.00- 189935.09- 805.6 166359.09
TRAIlSFERS IN FROM OTHER FUNDS .00 .00 .00 .00 2502.65- 2502.65
EXCESS <REVFJlUE> EXPEllDITURE 1520913.00 52048.61- 3.4- 1572961.61 23576.00- 192437.74- 816.2 168861.74
e e
BGL104 THE CITY OF DUBLIN STATEMElrr SHOWING PAGE 1
10/23/92 REVENUES VERSUS EXPEllDITURE 15.37.59
FOR THE
PERIOD 7/91 THROUGH 6/92
CAPITAL IHPROVEMEIlT FUlID
CURRElIT PERIOD PREVIOUS PERIOD 91
BUDGET ACTUAL PERCFllT VARIAlICE BUDGET ACTUAL PERCENT V>.RWICE
********REVENUES*******
USES OF MONEY AND PROPERTY 3200.00- 50156.90- 1567.4 46956.90 2000.00- .00 2000.00-
OTHER SOURCES OF REVENUE 1090442.00p 4559161.67p 418.1 3468719.67 859565.00- 76090.17- 8.9 783474.83-
TOTAL REVENUE 1093642.00- 4609318.57- 421.5 3515676.57 861565.00- 76090.17- 8.8 785474.83-
*******EXPEllDITURES*******
GEllERAL C-OVERllMEllT ACTIVITIES:
1I01l-DEPARTMElITAL .00 1181258.00 1181258.00- .00 .00 .00
ACTIVITY TOTAL .00 1181258.00 1181258.00- .00 .00 .00
PUBLIC SAFETY:
TRAlISFORTATIOlI :
HFJ.LTH & WELFARE:
CULTURE & LEISURE SERVICES:
COHMIDIITY DEVELOPMENT:
C.\PITAt IMPROVEMENT PROJECTS:
COMHUlIITY UIPROVEMENTS .00 .00 .00 9000.00 9000.00 100.0 .00
PARKS 49592.00 57433.10 115.8 7841.10- 177936 .00 177996.88 100.0 60.88-
STREET COllSTRUCTION/IMPROVHT 3237195.00 2320707.39 71.7 916487.61 2449629.00 82352.78 3.4 2367276.22
>.CTIVITY TOTAL 3286787.00 2378140.49 72.4 908646.51 2636565.00 269349.66 10.2 2367215.34
TOT A L EXPEIIDITURES 3286787.00 3559398.49 108.3 272611. 49- 2636565.00 269349.66 10.2 2367215.34
EXCESS<REVEIIUE> EXPENDITURE 2193145.00 1049920.08- 47.9- 3243065.08 1775000.00 193259.49 10.9 1581740.51
TRAlISFERS III FROM OTHER FUlIDS .00 2452.84- 2452.84 .00 .00 .00
TRJJISFERS OUT TO OTHER FIDIDS .00 .00 .00 .00 2502.65 2502.65-
EXCESS <REVEIWE> EXPENDITURE 2193145.00 1052372.92- 48.0- 3245517.92 1775000.00 195762.14 11.0 1579237.86
,.. I ,', .
e e
BGL104 TllE CITY OF DUBLIlI STATEMENT SHOWING PAGE 1
10/23/92 REVENUES VERSUS EXPElfDITURE 15.33.38
FOR THE
PERIOD 7/91 THROUGH 6/92
EtlTERPRISE FUNDS
CURRElIT PERIOD PREVIOUS PERIOD 91
BUDGET ACTUAL PERCEnT VARIAnCE BUDGET ACTUAL PERCEnT V~.RmlCE
*** *****REVEHUES** * ** **
USES OF HOllEY AIID PROPERTY 1862699.00- 1685336.67- 90.5 177362.33- 1841487.00- 1579379.05- 85.8 262107.95-
OTHER SOURCES OF REVEnUE .00 2410.03- 2410.03 .00 .00 .00
TOTAL REVENUE 1862699.00- 1687746.70- 90.6 174952.30- 1841487.00- 1579379.05- 85.8 262107.95-
*******EXPENDITURES*******
GENERAL GOVERlffiENT ACTIVITIES:
NON-DEPARTMENTAL 1720770.00 1729551.85 100.5 8781.85- 1720120.00 1579472.25 91.8 140647.75
CITY MAllAGER 19465.00 18364. 72 94.3 1100.28 19810.00 14941.69 75.4 4868.31
FIllAIICE DEPARTMEIIT 10151.00 8433.65 83.1 1717.35 13000.00 4912.61 37.8 8087.39
ACTIVITY TOTAL 1750386.00 1756350.22 100.3 5964.22- 1752930.00 1599326.55 91.2 153603.45
PUBLIC SAFETY:
DISASTER PREAPREDllESS 10900.00 4731. 07 43.4 6168.93 .00 .00 .00
ACTIVITY TOTAL 10900.00 4731.07 43.4 6168.93 .00 .00 .00
TR.!JISPORTATIOll :
HEALTH & WELFARE:
CULTURE & LEISURE SERVICES:
RECREATIon ADMnlISTRATION 13080.00 10584.56 80.9 2495.44 9165.00 10980.38 119.8 1815.38-
SElIIOR CEIITER 500.00 448.57 89.7 51. 43 .00 .00 .00
ACTIVITY TOTAL 13580.00 11033.13 81.2 2546.87 9165.00 10980.38 119.8 1815.38-
COHlroJlITY DEVELOPHElrr:
CAPITAL HlPROVEHEIIT PROJECTS:
CIVIC CENTER COSTS .00 .00 .00 7877 .00 7877.00 100.0 .00
ACTIVITY TOTAL .00 .00 .00 7877.00 7877.00 100.0 .00
TOT A L EXPENDITURES 1774866.00 1772114.42 99.8 2751.58 1769972.00 1618183.93 91. 4 151788.07
EXCESS<REVElIUE> EXPEllDITURES 87833.00- 84367.72 96.1- 172200.72- 71515.00- 38804.88 54.3- 110319.88-
TR.UISFERS IN FROM OTHER FUNDS .00 47610.83- 47610.83 .00 .00 .00
EXCESS <REVElIUE> EXPEllDITURE 87833.00- 36756.89 41. 8- 124589.89- 71515.00- 38804.88 54.3- 110319.88-
. e .
BGLl04 THE CITY OF DUBLIN STATEMENT SHOWING PAGE 1
10/23/92 REVEIIUES VERSUS EXPEllDITORE 15.29.03
FOR THE
PERIOD 7/91 THROUGH 6/92
IlITERlIAL SERVICE FUllD
CURRE1!T PERIOD PREVIOUS PERIOD 91
BUDGET ACTUAL PERCEIlT VARWICE BUDGET ACTm.L PERCEIlT VARIANCE
********REVENUES*******
USES OF MONEY AND PROPERTY 15000.00- 17971. 93- 119.8 2971.93 21000.00- .00 21000.00-
CHARGES FOR SERVICES 148354.00- 144490.30- 97.4 3863.70- 141576.00- 126480.80- 89.3 15095.20-
OTHER SOURCES OF REVElmE .00 .00 .00 .00 2260.00- 2260.00
TOTAL REVEllUE 163354.00- 162462.23- 99.5 891.77- 162576.00- 128740.80- 79.2 33835.20-
*** **** EXPEIlD ITURES **** ** *
GENERAL GOVERlIMEUT ACTIVITIES:
nOn-DEPARTMENTAL 161069.00 149830.03 93.0 11238.97 149800.00 54713.85 36.5 95086.15
ACTIVITY TOT~.L 161069.00 149830.03 93.0 11238.97 149800.00 54713.85 36.5 95086.15
PUBLIC SAFETY:
POLICE 16700.00 .00 16700.00 74055.00 59326.17 80.1 14728.83
ACTIVITY TOTAL 16700.00 .00 16700.00 74055.00 59326.17 80.1 14728.83
TRAlISPORTATION:
HEALTH & WELFARE:
CULTURE & LEISURE SERVICES:
COHHUlIITY DEVELOPMEllT:
CAPITAL IMPROVEMEIIT PROJECTS:
GElffiRAL CIP PROJECTS .00 .00 .00 8720.00 .00 8720.00
ACTIVITY TOTAL .00 .00 .00 8720.00 .00 8720.00
TOT A. L EXPEIlDITURES 177769.00 149830.03 84.3 27938.97 232575.00 114040.02 49.0 118534. 98
EXCESS<REVElIUE> EXPEIlD ITURE 14415.00 12632.20- 87.6- 27047 .20 69999.00 14700.78- 21.0- 84699.78
EXCESS <REVENUE> EXPEllDlTURE 14415.00 12632.20- 87.6- 27047.20 69999.00 14700.78- 21.0- 84699.78
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SUPPLEMENTAL APPROPRIATIONS
BY FUND/DEPARTMENT
FOR FISCAL YEAR 1991-92
General Fund:
City Attorney
Crossing Guards
Park Maintenance
Dougherty Bike Path
Kolb - Handicap Playground
Shannon Park Renovation Fund:
Improvements
Landscape Assessment - Stagecoach
Landscape Maintenance
Street Tree Maintenance
Engineering
Landscape/Light Assess - Dougherty
Landscape Maintenance
Street Tree Maintenance
Engineering
Actual
Budqet
Increase
(Decrease)
Appropriations
$10,083(1)
23
7,184(2)
464(3)
34
$17,788
$65,564(4)
$1 0,918(5)
(3,352)
(1,237)
$ 5,189(5)
(4,865)
(324)
(1) Actual Attorney's Fees, particularly for litigation, exceeded the Department's original appropriations.
(2) Actual water and sewer charges significantly exceeded the Department's original appropriations.
(3) The slight overrun in Bike Path expenditures (TDA Projects) must be covered by an appropriation from the
General Fund.
(4) The Shannon Park costs were available in FY 1990/91 and merely need reappropriation to the current year.
(5) Assessment District costs are adequately covered transfers between departmental appropriations within the funds
or by supplemental appropriation of available fund balance (Stagecoach - $6,329).
a:lllexh3.agenda#ll
$206,533
33,143
552,454
464
12,061
$196,450
33,120
545,270
12,027
$65,564
$54,298
1 ,848
763
$43,380
5,200
2,000
$62,689
3,035
681
$57,500
7,900
2,000
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