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ATTACHMENT 2
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CITY OF DUBLIN
DUBLIN, CALIFORNIA
COMPREHENSIVE
ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED
JUNE 30, 1998
Prepared By: Finance Department
This page left intentionally blank.
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CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 1998
Table of Contents
Pal!e
INTRODUCTORY SECTION
Table of Contents.... ........... ...... ......... ............... .............. ... ...... ........ ............... .......... ............. ............ ...... ..... i
Elected Officials and Administration Personnel........ ...... ........ ... ........... ..... ........ ....... .................................. iv
Organizational Chart.... ...... .......... ...... .............. ................. .............. .... ......... ...... ... ............... ........... ......... .... v
GFOA Certificate of Achievement for Excellence
in Financial Reporting.. .............. ... ..... ..... .................................................................. .... ....... ......... ..... .... vi
CSMFO Certificate of Award for Outstanding
Financial Reporting ... ...... ..... ...... ....... ...... ............ ......... ....... ......... ... ........... ...................... ....... ............... vii
Letter of Transmittal. ......... ..... .......... ......... ........................... .......... .... ..... ..... ...................... .... ..... ................ viii
FINANCIAL SECTION
Independent Auditor's Report.... ... ...... ...... ..... .... ..... ........... ... ..... ....... .... ..... ......... .... ..... ... .... .... .......... ........... 1
General Purpose Financial Statements
Combined Balance Sheets - All Fund Types and
Account Groups........................................................................................................................... ........... 4
Combined Statement of Revenues, Expenditures
and Changes in Fund Balances - All Governmental
Fund Types................ .......... ........ ...... ...... ............ ....... ......... ............... ....................... ............................. 7
Combined Statement of Revenues, Expenditures and
Changes in Fund Balances - Budget and Actual -
All Governmental Fund Types .... .......... ..... ..... .................. ........ ......... ............ ........... ............................. 8
Combined Statement of Revenues, Expenses and
Changes in Retained Earnings - All Proprietary Fund Types ................................................................ 11
Combined Statement of Cash Flows - All Proprietary Fund Types ............................................................ 13
Notes to General Purpose Financial Statements .......................................................................................... 14
CITY OF DUBLIN
Comprehensive Annnal Financial Report
For the Year Ended Jnne 30,1998
Table of Contents
Pal!e
Combining Fund Statements and Schedules
General Fund
Comparative Balance Sheets......... ................... ................ ................................................................. ..... 41
Statement of Revenues, Expenditures and Changes
in Fund Balance - Budget and Actual...... ....... ..... .................. ........................ .......... ......... ...... .......... 42
Schedule of Budget Versus Actual Revenues by Source .......................................................................43
Schedule of Budget Versus Actual Departmental Expenditures............................................................45
Special Revenue Funds
Combining Balance Sheet...................................................................................................................... 48
Combining Statement of Revenues, Expenditures and Changes in Fund Balance ................................52
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance - Budget and Actual.........................................................................56
Combining Schedule of Capital Outlay........ .......................... ................ .................... ...........................68
Capital Projects Funds
Balance Sheet....... ............ ...... ..... ................................... ......................... ............................................... 73
Combining Statement of Revenues, Expenditures and Changes in Fund Balance ................................ 75
Combining Statement of Revenues, Expenditures
and Changes in Fund Balance - Budget and Actual......................................................................... 76
Agency Funds
Combining Statement of Changes in Assets and Liabilities ...................................... ............................ 81
STATISTICAL SECTION
Governmental Expenditures by Function - All
Governmental Fund Types - Last Ten Fiscal Y ears...............................................................................84
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CITY OF DUBLIN
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Comprehensive Annual Financial Report
For the Year Ended June 30,1998
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Table of Contents
Page
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General Governmental Revenues by Source - All
Governmental Fund Types - Last Ten Fiscal years............................................................................... 85
Assessed Value of
Taxable Property - Last Ten Fiscal Years .................................... .................. .......... ............... ............... 86
Property Tax Rates - All Direct and Overlapping Governments -
Last Ten Fiscal Years.. .......... ................... .......... ........... ................. ............. ............ ............................... 87
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Computation of Legal Debt Margin.. ............ ........................................................................... .................... 88
Computation of Direct and Overlapping Debt............................................................. ....................... ......... 89
Demographic Statistics - Last Ten Fiscal Years .......................................................................................... 90
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Property Value, Construction, and Bank Deposits - Last Ten Fiscal Years ................................................ 91
Schedule of 1988 Certificates of Participation
Coverage - Fiscal Years 1989-1993.... ............... ............ .................. ................... ........................ ........... 92
Schedule of 1993 Certificates of Participation
Coverage - Fiscal Years 1994-1998 ................. ...... ............ ........ ......... ............... ..... ....... ..... ............ ....... 93
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California Public Employees Retirement System
Funding Analysis - Fiscal Years 1987-1996 .......................................................................................... 94
Property Tax Levies and Collections -Last Ten Fiscal Years ..................................................................... 95
Principal Property Taxpayers ......... ...... .... ........... .... ...... .......... ........... .... ...... ... .... ...... ....... ...... ....... ... ... .... .....96
Top 25 Sales Tax Producers................. ............. ............ ......... ............. ........... ..... ....... ...... ........... ................. 97
Miscellaneous Statistical Data ............................ ................ ................................................. ............. ........... 98
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CITY OF DUBLIN
ELECTED OFFICIALS
June 30, 1998
Mayor
Guy S. Houston
Vice Mayor
Dave Burton
CounciImember
Lisbeth Howard
ADMINISTRATION PERSONNEL
City Manager
Assistant City Manager / Administrative Services Director
City Attorney
City Clerk
Chief of Police
Public Works Director
Community Development Director
Chief Building Official
Parks & Community Services Director
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Councilmember
Valerie A. Barnes
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Councilmember
Janet Lockhart
Richard C. Ambrose
Paul S. Rankin
Elizabeth Silver
Kay Keck
Gary Thuman
Lee Thompson
Eddie Peabody
Ken Petersen
Diane Lowart
---------~----~----
CITY OF DUBLIN ORGANIZATIONAL CHART
Residents of Dublin
City Council
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Parks & Community City Manager Planning City
Services Commission Commission Attorney
City Clerk
Elections
Economic Development
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Heritage Youth Senior
Center Advisory Center
Advisory Committee Advisory
Committee Committee
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Police Services Community Parks & Administrative Public Works Fire
Development Community Services Services Services
Building & Safety Recreation Finance Building Management
Planning Library Services Central Services Traffic Signals
Cultural Activities Insurance Street Lighting
Heritage Center Animal Control Street Maintenance
Dublin Cemetery Disaster Preparedness Street Sweeping
6/12/98 Waste Management Street Tree Maintenance
Cable TV Street Landscape Maint
Crossing Guards Park Maintenance
Engineering
Presented to
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Certificate of
Achievement
for Excellence
in Financial
Reporting
City of Dublin,
California
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 1997
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.
!J~ ~efffJA~
fJfh/~
Executive Director
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California Society of
Uttunicipal :Jinance Officers
Certificate of Award
Outstanding Financial Reporting 1996-97
.q
f-'.
f-'.
Presented to the
City 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 systemfrom which the reports were prepared.
February 23, 1998
Chair, Professional & Technical St
. minittee
Dedicated to Excellence in Municipal Financial Management
PO Box 2340, Dublin, California 94568
.
City Offices, 100 Civic Plaza, Dublin, California 94568
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CITY OF DUBLIN
Honorable Mayor and
Members of the City Council
. Introductory Section: This consists of: the table of contents; directory of elected officials and staff; city
organization chart; GFOA and CSMFO awards; and a letter of transmittal. This section is intended to assist the
reader and provide a narrative overview of the entire report.
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Presented with this transmittal is the City of Dublin Comprehensive Annual Financial Report, for the year ended June 30,
1998. The responsibility for the accuracy andfairness of this report rests with the City.
INTRODUCTION
The format of this report exceeds the minimum requirements and information typically included in an annual financial
audit. The report is intended to conform to the guidelines of the Government Finance Officers Association. The data is
presented in a manner which is designed to fairly set forth the financial position of the City. Financial activity within the
various funds is measured to display the results of City operations. The report contains the necessary disclosures to
promote an in-depth understanding of the City's financial affairs.
REPORT FORMAT
The Comprehensive Annual Financial Report contains information which has been divided into the following three main
sections:
REPORTING ENTITY AND ITS SERVICES
This report reflects reporting as a single entity for all operations directly associated and controlled by the City. In
addition to reporting directly for the City operations, Dublin Information Inc., a separate legal entity, has been included
in the primary reporting entity. This is a non profit corporation originally formed by the City to address the distribution
of public information. The functions were expanded in 1985 to include financing for the construction of a new Civic
Center. The project was completed and occupied in 1989. Pursuant to the financing arrangements with Dublin
Information Inc., the Civic Center project is leased from the corporation, with the City making annual payments from its
General Fund. These annual payments are used by Dublin Information, Inc. to make principal and interest payments to
the holders of the Certificates of Participation.
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. Financial Section: This consists of: the independent auditor's report; general purpose financial statements and
notes; and combining statements by fund type. In its entirety this section comprises the annual financial audit
prepared by the City's Certified Public Accountants.
. Statistical Section: This section includes both financial and non-financial data about the City and its operations.
The information provides historical comparisons of key factors.
The information in this Comprehensive Annual Financial Report is prepared in accordance with Generally Accepted
Accounting Principles (GAAP) as promulgated by the Governmental Accounting Standards Board (GASB) and includes
the report prepared by City's independent certified public accountants, Vavrinek, Trine, Day & Co., of Pleasanton,
California.
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 . Parks & Community Services (510) 833-6645
Economic Development (510) 833-6650 . Police (510) 833-6670 . Public Works (510) 833-6630
Community Development (510) 833-66Viii. Fire Prevention Bureau (510) 833-6606
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The City of Dublin is a General La;w city, incorporated in 1982. The City operates under the Council - Manager form of
government. The five member City Council is the political and legislative body. The Mayor is directly elected and
serves a two year term. The four City Councilmembers serve staggered four year terms. The City Council is empowered
to take actions in accordance with the General Laws of the State of California. The City Council responsibilities include:
formulation of City policies, including a fiscal program; determination of the level of City services to be provided; and
appointment of the City Manager, City Attorney and Auditor.
Many of the typical municipal services are provided through contracts with public or private entities. For example,
Police Services are provided by the Alameda County Sheriff and Fire Suppression Services are provided by the Alameda
County Fire Department. Streets, Parks, and Building Maintenance Services are provided by MCE Corporation and other
private contractors. For Fiscal Year 1997-98 the City had a total of 43.2 Full Time equivalent positions which provide
services as City employees. An additional 82 positions were employees of the City's Contractors and were assigned to
work solely within the City of Dublin operations.
SUMMARY OF THE LOCAL ECONOMY
The City of Dublin is located at the intersection ofInterstates 580 and 680 approximately 35 miles east of San Francisco.
The City has a wide range of housing types available to meet the demands of various employers throughout the region.
The City has a large retail base which serves local residents as well as those in surrounding communities. The largest
employers include: public agencies such as; County of Alameda Correctional Facility, Dublin Unified School District
and United States Department of Justice Correctional Facility; corporate offices such as Washington Mutual Bank
regional office; and retailers such as; Montgomery Wards, Toys R Us, Target Stores and Mervyns.
Economic conditions throughout the State improved during Fiscal Year 1997/98. Retail Sales are an obvious indicator of
the general economic climate. The General Fund Sales Tax in 1997-98 increased by 12.9% over the amount attributable
to the prior year ($8,025,448 in FY 97/98 vs. $7,108,598 in FY 96/97). A significant amount of the City's retail sales are
attributable to the sales of new and used automobiles which continued for the fourth year in a row with improved sales.
The future economic outlook for the City is geared towards enhancing the City's existing economic base, while looking
towards opportunities for expansion and adding diversity to the current retail base. There is the ability to accommodate
significant new development projects in the City's Eastern Dublin Specific Plan Area, as evidenced by several
Development Agreements entered into with the Alameda County Surplus Property Authority (Authority) in Fiscal Year
1997/98 to provide for future development. The Authority is negotiating with private development firms as partners in
the actual construction and development of the projects.
Although opportunities exist for additional retail based revenues, it has also been noted that competitive pressures from
projects developed in surrounding jurisdictions will impact the ability for continued growth in traditional consumer
related retail sales. In response to this situation, the City Council has created a Task Force to evaluate opportunities
within the existing Downtown Dublin core retail area.
MAJOR INITIATIVES
The City of Dublin is an active and vibrant community which requires that the municipal government be prepared to
respond to changes which are occrirring. Each year the City Council adopts Goals and Objectives to be pursued in the
upcoming year and evaluates the progress achieved towards the goals previously established. The clear provision of
identified goals becomes an outline for the major initiatives undertaken.
The City Manager/City Clerk and Administrative Services Departments had several significant accomplishments during
. the year, including the following:
a.
Monitored the expansion of the TCI Cable System, which resulted in more channels and additional services for
residents.
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The Parks and Community Services Department also had several significant accomplishments during the year, including
the following:
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b. Established two new cost recovery programs during the year, the State Mandated Cost Program and the Eastern
Dublin Specific Plan Implementation Fee, resulting in additional revenues for the City.
c. Implemented a new computerized system for the issuance and tracking of Business Licenses
d. Developed a plan for replacement of the City's fire equipment, which was the service transferred from a joint
powers authority, which previously provided the service.
e. Launched a new City website, located on the Internet at www.dublinca.org
f. Issued a report on the Civic Center Expansion Space Renovation project.
g. Worked with Tri Valley Transportation Council to develop and adopt a Regional Traffic Impact Fee.
h. Entered into a contract with an outside contractor for the establishment of a weekly farmer's market.
i. Created a new library task force to investigate opportunities available to provide additional library services to the
City and select a site for a new library.
e.
Completed the renovation and dedication ofMape Memorial Park,
Adopted a master plan and created a task force to oversee the creation of a new 56 acre Emerald Glen City Park, I
Established a series of summer concerts at the Civic Center
Entered into an agreement with the Dublin Unified School District for the construction of a new community use
gymnasIUm. I
Expanded the City's St. Patrick Day celebration into a two day event, resulting 'in a significantly increased
turnout at the event and exposure for the community.
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a.
b.
c.
d.
In Fiscal Year 1997-1998 the Public Works Department began construction associated with the Dougherty Road
Widening project. This was a project designed to improve the traffic flow in the central area of the City. The
Department also completed the acquisition of the City's Street Lighting system from Pacific Gas & Electric. This project I
will reduce the cost of street lighting which is collected as an assessment from property owners. In addition, the
department also began design work for arterial street improvements in the Eastern Dublin Specific Plan area, completed a
beautification project for the 1-580/San Ramon Road entrance into Dublin, and made the first installment payment due on
the 158011680 Connector Project, which will improve traffic flow in the Tri Valley area, as well as provide a more directS
route from the 1680 freeway into the central Dublin commercial area. Groundbreaking occurred in June 1998 with
construction to continue for approximately four years.
The market for new housing of all types remained strong during Fiscal Year 1997-98, as the Community Development I
Department experienced a large increase in the number of building permits issued. Active Projects will add a total of 90 1
apartments, 527 Single Family Homes, and 212 condominiums in the City, as detailed below. I
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Name of Project
Apartment Projects
Villas at Santa Rita
Jefferson at Dublin
Park Sierra
Single Family Homes
S~merglen
Hansen Ranch
MultiFamily Condominiums
California Highlands
Number of
Residential Units
324
368
209
347
180
212
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These projects are phased and construction has occurred over multiple years. However, the total development underway
will impact property taxes and state subvention based upon population.
Non residential activity also increased significantly during Fiscal Year 1997-98, as building permits were issued for a
hotel with 89 rooms and a 370,000 square foot business park. The Department is also in the process of reviewing plans
for the construction of several other developments within the City, including a 21 screen lMAX Theater proposed by
Regal Theater, an associated retail complex including stores such as Barnes and Noble, Beds Bath and Beyond, Zainy
Brainy and Old Navy, an AutoNation facility, a GM AutoMall, another hotel with 128 rooms and three new office
complexes consisting of approximately 2.5 million square feet.
ACCOUNTING SYSTEM AND BUDGETARY CONTROL
Note 2 in the General Purpose Financial Statements provides a detailed explanation of the significant accounting policies.
In general, for all City Governmental funds the revenues and expenses are based on a modified accrual basis of
accounting. This means that revenues are recorded when measurable and available rather than when they are received.
Expenditures are recorded when the liability is incurred rather than when it is paid. In the case of proprietary funds such
as the Dublin Information Inc. Enterprise Fund, revenues and expenditures are accounted for using the accrual basis of
accounting.
In developing and evaluating the City's accounting system, consideration is given to the adequacy of controls. Internal
accounting controls are designed to provide reasonable assurance regarding: safeguarding of assets against loss, accuracy
and reliability of accounting data, and adherence to prescribed policies. The concept of reasonable assurance recognizes
that the cost of a control should not exceed benefits likely to be derived; and that the evaluation of costs and benefits
require estimates and judgments by management.
Annually the City Manager develops and presents a budget for approval by the City Council. The Budget includes
appropriations for both operating programs and capital improvement projects. The Budget is approved on a departmental
basis based upon the identified funding sources. The adopted accounting procedures authorize the City Manager to
transfer budget amounts between line items within the same Department. Any transfers between separate Departments
requires City Council authorization.
Monthly reports of detailed revenue and expenditures are distributed to Management Staff for review and assistance in
controlling activities and programs. The City Council also receive summary reports on a monthly basis identifying
revenues and expenditures. In accordance with State laws quarterly reports are presented to the City Council regarding
investment activity.
FINANCIAL IDGHLIGHTS OF FISCAL YEAR 1997 - 1998
The financial reports identify that among all of the Governmental Fund Types, the General Fund represents
approximately 86% of both the Revenue and Expenditures. Although the [mancial activities within all funds are detailed
in the Financial Section of the report, it is clear that the activity within the General Fund is of primary importance when
evaluating the City's fiscal condition. Therefore, this discussion will focus on the General Fund.
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Interest Other
7% 20/0
Property Taxes
21%
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The following analysis shows changes in major General Fund Revenue Types as compared to the previous Fiscal Year:
GENERAL FUND REVENUES
AMOUNT
COLLECTED % OF TOTAL DOLLAR CHANGE % CHANGE FROM
REVENUE TYPE 1997 / 1998 CURRENT YEAR FROM PRIOR YEAR PRIOR YEAR
PROPERTY TAXES $ 4,351,858 21% $ 430,961 11%
TAXES OTHER THAN
PROPERTY $ 9,322,899 45% $ 1,624,011 21%
LICENSES / PERMITS $ 1,398,677 7% $ 306,494 28%
INTERGOVERNMENTAL $ 1,233,812 6% $ 82,537 7%
CHARGES FOR SERVICES $ 2,483,861 12% $ 1,097,442 79%
INTEREST $ 1,485,720 7% $ 175,259 13%
USE OF PROPERTY $ 70,461 <1% $ 1,774 3%
FINES & FORFEITURES $ 40,421 <1% $ 1,929 5%
OTHER $ 507.052 2% $ 283,845 127%
TOTAL $ 20,894,761 100% $ 4.004,252 24%
General Fund Revenue Sources
Fiscal Year 1997-98
Taxes Other than
Property
7%
Sales Ta.xes
38%
Charges for
Services
12%
Intergovernm ental
6%
Licenses I Permits
7%
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The following sections describe changes in Fiscal Year 1997/98 within each of the major revenue categories:
Property Tax related revenues showed an increase as the new residential units constructed in Fiscal Year 1996-97 were
included for the first time on the 1997-98 tax roll at their assessed value. The taxable assessed value on the County Santa
Rita Property increased from approximately $45,227 in Fiscal Year 1996/97 to approximately $7.4 million in Fiscal Year
1997/98 due to several land sales by the county to private developers. The taxable assessed value on this property will
continue to increase as the county sells more of its parcels to private developers. In addition, the City was impacted in
the prior year by a one-time correction by Alameda County of the required State Property Tax shift to education, which
reduced property taxes collected in the prior year by approximately $54,263.
The increase in Taxes Other Than Property category is primarily related to sales taxes. In general the economic trends
statewide improved in terms of Auto and Transportation related retail sales. This category also improved from the
collection of increased refuse franchise fees from the new residential units, higher Transient Occupancy Taxes due to
remodeling and upgrades at the hotel located within the City, which resulted in higher room rates, and higher Property
Transfer Taxes due an increase in the number of sales of property within the City.
The increase in Licenses and Permits category is primarily related to building permits. As previously noted the
development sector continued to show an increase in activity in terms of projects actually under construction. Although
the number of permits issued remained relatively the same, the valuation of the additions and improvements covered by
these permits increased from approximately $71 million in Fiscal Year 1996/97 to approximately $112 million in Fiscal
Year 1997/98. Even though permits may have been obtained in Fiscal Year 1997-98, the City will continue to incur
inspection related costs in Fiscal Year 1998-99 for those buildings not completed as of June 30, 1998.
The increase in Charges For Services primarily represents the undertaking of large Planning related studies as well as
processing related to the proposed projects. The Engineering Department also had increased activity with plan checking
related to development projects.
The Interest category increase was related to the availability of an increased Fund Balance when compared to the prior
year. A separate section is included in the Transmittal Letter, labeled Cash Management, which discusses this area in
more detail.
The Use of Property category relates to the rental of City buildings and fields. As noted this category of revenue
showed a modest increase from the previous year.
The Fine and Forfeiture category showed a small increase primarily attributable to an increase in the amount of fines
collected by the municipal court being allocated to the City. This category represents a very small fraction of the Total
General Fund Revenues.
The Other Revenue category showed an increase over the previous year. Since this category is utilized for
miscellaneous one-time events it is typical to observe fluctuations between different Fiscal Years. The large increase
over the prior year was due to the proceeds from the sale of City owned property for a new restaurant near the corner of
Dublin Boulevard and Dougherty Road.
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1991/92
1992/93
1993/94
1994/95
1995/96
1996/97
1997/98
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The following chart displays the historical trends for General Fund Revenues over the past 7 years:
Historical General Fund Revenues
Ic:=JActual --Constant 1992 $1
$21,000,000
$20,000,000
$19,000,000
$18,000,000
$17,000,000
$16,000,000
$15,000,000
$14,000,000
$13,000,000
$12,000,000
The trend line displays the revenue trend as adjusted for inflation in 1992 dollars. In the most recent five years the City
has experienced real growth in General Fund Revenues, when accounting for inflation. Given that a large portion of the
General Fund Revenue is Sales Tax, this trend reflects the statewide improvement in the economy.
The following Chart compares changes in General Fund Expenditures compared to the previous Fiscal Year:
GENERAL FUND EXPENDITURES
TOTAL
EXPENDED % OF TOTAL $ CHANGE FROM % CHANGE FROM
TYPE 1997/98 CURRENT YEAR PRIOR YEAR PRIOR YEAR
GENERAL GOVERNMENT $ 1,761,643 10% $ 69,966 4%
CIVIC CENTER DEBT SERVICE $ 1,493,348 8% ($ 3,468) <(1%)
PUBLIC SAFETY $ 8,204,545 46% $ 1,480,692 22%
HIGHWAYS & STREETS $ 650,708 4% $ 21,445 3%
HEALTH & WELFARE $ 17,039 <1% $ 1,443 9%
CULTURE & LEISURE $ 2,168,993 12% $ 168,432 8%
COMMUNITY DEVELOPMENT $ 2,761,132 15% $ 922,574 50%
CAPITAL OUTLAY $ 987.200 5% ($ 45.854) (4%)
TOTAL $18.044.608 100% $2.615.217 17%
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General Fund Expenditure Uses
Fiscal Year Ended June 30, 1998
CAPITAL OUTLAY
5%
GENERAL.
GOVERNMENT
10%
COMMUNITY
DEVELOPMENT
15%
HEAL. TH &
WELFARE
0%
CIVIC CENTER
OEBT SERVICE
8%
CULTURE &
L.EISU RE
12%
HIGHWAYS &
STREETS
4%
The following sections describe changes in Fiscal Year 1997/98 within each of the major expenditure categories:
General Government expenditure increases were relatively consistent with inflationary costs. The consumer price
index increased by approximately three percent and expenditures in this category increased by approximately four
percent. Factors which contributed to the increase included the following: increased costs associated with liability
insurance claims and premiums; full year funding of positions in the Administrative Services Department, as well as the
addition of a full time Computer Specialist; and increased legal costs related to assistance with implementation of a
Regional Traffic Impact Fee and development related legal review. The development related costs are reimbursed by the
project applicant and offset by revenue.
Civic Center Debt Service expenditures remained relatively flat in comparison to the prior year as there is normally
little variance from year to year in the annual debt service payments for the Civic Center Certificates of Participation.
Public Safety costs increased in comparison to the prior year due to increased Police expenditures resulting from costs
for the contract Police Services dispatch services and indirect overhead charges, full year funding of three new patrol
officers initially added during the middle of Fiscal Year 1996/97, the addition of a new Administrative Assistant position,
and a cost of living salary adjustment. Higher costs were also incurred for fire services as a result of a new contract
negotiated with the Alameda County Fire Department to provide these services for three engine companies. In prior
years, these services were provided at a reduced cost to the City by the Dougherty Regional Fire District (DRF A), due to
the fact that the costs for part of an engine company were allocated to another city, resulting in cost savings for the City
of Dublin. DRFA has now ceased all current operations for fire services.
Highways and Streets expenditure increases were about the same percentage wise as the change in the consumer price
index noted above.
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1991/92
1992/93
1993/94
1994/95
1995/96
1996/97
1997/98
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Culture and Leisure Services expenditures increased over the prior year due to additional contract expenditures for the
funding of library, additional maintenance costs incurred at the cemetery resulting from a fire, expenditures incurred for
other special events (including the annual St. Patrick's Day celebration), as well as higher expenditures for park
maintenance.
Community Development expenditures increased over the prior year due to additional time spent by consultants on
various development projects, primarily in the Eastern Dublin Specific Plan area.
Capital Outlay expenditures were approximately $45,857 less in Fiscal Year 1997/98 than the previous year. Due to the
one-time nature of Capital Projects fluctuations from year to year are common. Approximately 78% of General Fund
spending on Capital Projects in Fiscal Year 1997/98 was related to the following five projects:
· Acquisition of a new fire engine
· Acquisition of street Lights
· Phase II of the Dougherty Hills Slope Repair Project
· Annual Sidewalk Repair Program
· Annual Street Overlay Program
The following chart provides a historical perspective for General Fund spending over the past seven years and includes a
trend line showing spending adjusted to constant 1992 dollars. This trend line adjusts spending patterns for increases in
the regional Consumer Price Index over the period.
Historical General Fund Expenditures
1 c:::J Actual -- Constant 1992 $1
$18,000,000
$17,000,000
$16,000,000
$15,000,000
$14,000,000
$13,000,000
$12,000,000
$11,000,000
$10,000,000
The trend line displays the expenditure trend as adjusted for inflation in 1992 dollars. In the most recent three years the
City has experienced real growth in General Fund Expenditures over Fiscal Year 1991-92, when accounting for inflation.
The growth in these expenditures has been in large part due to the increase in public safety and development related
expenditures noted.
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DEBT ADMINISTRATION
The City has no outstanding General Obligation debt. The City does administer funds for debt issued pursuant to the
1915 Improvement Act on one capital improvement project. The total amount of assessment debt outstanding at June 30,
1998 is $2,059,000. This debt is related to the Dublin Boulevard Extension Assessment District. This amount is
repayable from property assessments levied on properties benefiting from the improvements. Revenues collected were
sufficient to finance all required debt service expenditures for the year ending June 30, 1998. There were no material
delinquent assessment revenues at year end.
RISK MANAGEMENT
The City of Dublin is a member of ABAG PLAN Corporation. This is a public agency pool providing liability insurance
coverage to approximately 29 Bay Area cities. The coverage limit for Fiscal Year 1997-98 was $5 million per
occurrence, which does not cover damage resulting from an earthquake. The City of Dublin has selected a $50,000
deductible. The pool also provides property insurance coverage with a $5,000 deductible except for vehicle losses, which
carry a $10,000 deductible. The pool purchases required employee bonds from a commercial surety company. In
accordance with GASB 10, the City established a liability of $13 7,210 for claim deductibles. This includes a provision
for losses which may be "incurred but not reported" (IBNR). The actual liability claims cost paid by the City for Fiscal
Year 1997-98 was $34,828.
CASH MANAGEMENT
Cash which is temporarily idle during the year was invested by the City Treasurer in accordance with adopted investment
policies. The amount of interest earned on all Governmental Fund Types was $1,600,414. The 1997/98 annual yield was
5.67%, for Governmental Fund Types, based upon average monthly balances. The City had higher balances invested,
which was somewhat offset by a slightly lower interest rate in 1997/98, compared to the prior Fiscal Year. The inclusion
of fixed rate investments for more than one year in the portfolio helped to increase the City's overall investment yield.
The City Council has established a policy to invest idle funds in accordance with various priorities. The highest priority
is the prepayment of the 1993 Civic Center Certificates of Participation (COPs) in February 1999. The amount required
at that time will be $13,052,781. The portfolio was invested in increments to meet this target date and still maintain
adequate short term cash flow reserves. At June 30, 1998 the portfolio of investments held for Governmental Fund
Types included $16,900,000 (face value at maturity) in Federal Treasury Notes and United States Agency Notes,
representing an average weighted maturity of 1.35 years. The City has positioned its cash needs to allow it to hold all
securities to maturity.
On a quarterly basis the City Council is provided with a report on investment activity. The investment strategy
emphasizes the safety of the portfolio and liquidity to match anticipated cash flow needs. The portion of the portfolio
containing U.S. Notes and Agency Obligations does not include any repurchase agreements.
INDEPENDENT AUDIT
Each year the City of Dublin obtains an independent annual audit of the City's financial records. The information
presented includes a review of the results of operations and changes in fmancial position. The report is presented to the
City Council at a public meeting. This report includes the Auditor's opinion on the City's combined financial statements.
AWARDS
The Government Finance Officer's Association (GFOA) and the California Society of Municipal Finance Officer's
(CSMFO) have both recognized the City of Dublin for its Comprehensive Annual Financial Report covering the period
ending June 30, 1997. Copies of the awards from these entities are included in this report. This represented the eighth
consecutive year that the City report was recognized by the GFOA. In order to be recognized, the City was required to
produce an easily readable and efficiently organized report. The report must also meet the requirements for generally
accepted accounting principles and legal requirements. The Certificate of Achievement is valid for a period of one year.
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We believe that our current report continues to meet the Certificate of Achievement program requirements. It is our
intent to submit this report to GFOA and CSMFO to determine its eligibility for their certificates.
ACKNOWLEDGMENTS
Among the responsibilities assigned to the Administrative Services Department are the functions associated with
Finance. The staffing for these activities are very small given the scope of the City financial operations as presented. It
is especially appropriate to recognize the efforts of: Fred Marsh, Finance Manager; Lynn Harrington, Finance Technician
II; Katie Mooney, Finance Technician II; and Teresa Ninman, Finance Technician I, in preparing the 1997-98 report.
The City is fortunate to have these dedicated members willing to meet the extensive requirements of preparing a
comprehensive report. The City has had its financial reports recognized by GFOA and CSFMO for several years, which
is a significant accomplishment many times only undertaken by larger organizations. The team effort displayed by the
City Staff at all levels helps to allow our agency to successfully meet the rigorous criteria of their excellence in reporting
award programs. Staff also appreciates the time and effort expended by the independent auditors of Vavrinek, Trine, Day
& Co. in the preparation of the financial statements.
The City Council must also be recognized for their continued support of excellence in financial reporting to the public.
Staff intends for the report to be a sense of pride and accomplishment, which is a high priority in the provision of all
services identified by the City Council.
ReSPectfuII]:':i@J
@!km
Assistant City Manager / Administrative Services Director
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Vavrinek, Trine, Day & Co., LLP
Certified PlI!:)lk /\cn..llmtanrs
Members:
. /\mericCln Institute ot C:enified Public /\ccountants
. SEC Practice Section
. California Socif'ty of Certifiecl Public i\ccountants
. Western i\ssociation of Accounting Firms
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 year ended June
30, 1998, as listed in the Table of Contents. These financial statements are the responsibility of the City's
management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audit in accordance with generally accepted auditing standards and the standards for financial
audits contained in Government Auditing Standards issued by the Comptroller General of the United States.
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 principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe our audits provide a reasonable basis for our opinion.
In our opinion, such general purpose financial statements present fairly in all material respects the financial
position of the City of Dublin at June 30, 1998, and the results of its operations and cash flows of its proprietary
fund types for the years then ended, in conformity with generally accepted accounting principles.
Our audits were made for the purpose of forming an.opinion on the general purpose financial statements taken as
a whole. The combining fund statements and schedules listed in the Table of Contents are presented for the
purpose of additional analysis and are not a required part of the general purpose financial statements. These
combining fund statements and schedules have been subjected to the auditing procedures applied in the audits of
the general purpose financial statements, and in our opinion are fairly stated in all material respects when
considered in relation to the general purpose financial statements taken as a whole. The Statistical Section listed
in the Table of Contents was not examined by us and we do not express an opinion on this information.
In accordance with Government Auditing Standards, we have also issued a report dated September 30, 1998, on
our consideration of the City's internal control over financial reporting and our tests of its compliance with
certain provisions of laws, regulations, contracts and grants.
v~, ~ I~'~ CooJ LLP
Pleasanton, California
September 30, 1998
827() ,'\spcn Street. RancllO cucClfllungil, C'\ ()173()
po. Bux 4407. Rancho C\ IcamClnga. C,'\ 9! 729-4407
(C)()l) I 4()()A41 0 . E'\X (909i 460-4431
www.rancl1o@vtclcpa.culn
With Offices Located: Fresno
Pleasanton
Laguna Hilis
San Jose
Carmichael
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FINANCIAL SECTION
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CITY OF DUBLIN
GENERAL PURPOSE FINANCIAL STATEMENTS
These statements provide an overview of the combined financial position and the operating results of all fund
types and account groups. Individual funds and account groups utilized by the City are grouped in these
statements as follows:
GOVERNMENTAL FUND TYPES
These funds include general, special revenue and capital projects funds, through which governmental functions
are typically funded, with the emphasis on sources and uses of resources.
PROPRIETARY FUND TYPES
These funds include enterprise and internal service funds, which are used to account for activities similar to
private industry, with emphasis on net income determination and cost recovery.
FIDUCIARY FUND TYPE
These agency funds are used to account for assets held by the City as an agent.
ACCOUNT GROUPS
The account groups are used to establish accounting control over the City's general fixed assets and general long-
term obligations. These assets and liabilities are not spendable resources and do not require current
appropriation. They are accounted for separately from governmental fund types.
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CITY OF DUBLIN I
COMBINED BALANCE SHEETS - ALL FUND TYPES AND ACCOUNT GROUPS
JUNE 30, 1998 I
WITH COMP ARA TIVE AMOUNTS FOR JUNE 30, 1997
PROPRIETARY FIDUCIARY
GOVERNMENTAL FUND TYPES FUND TYPES FUND TYPE I
Special Capital Internal
ASSETS AND OTHER CREDITS General Revenue Projects Enterprise Service Agency
Cash and investments (Note 3) $27,168,133 $2,272,085 $6,826,968 $571,254 $181,664 I
Restricted cash and investments (Note 3) $1,718,942 143,577
Receivable:
Accounts 822,946 161,073 248,048
Accrued interest 468,979 46,896 I
Due from other governments 54,497 145,278
Due from other funds (Note 4) 254,418
Advances to other funds (Note 4) 248,048
Prepaids 8,262 I
Fixed assets (Note 5) 18,692,351 324,513
Amount to be provided for retirement
of general long-term obligations (Note 6)
Total Assets $29.025.283 $2.578.436 $7.075.016 $20.458.189 $895.767 $325.241 I
LIABILITIES
Accounts payable 1,636,429 238,985 196,628 2,036
Accrued wages 67,915
Accumulated unpaid general leave (Note 2) 197,958 I
Deposits payable 636,431 6,630,340
Liability insurance claims payable (Note 9) 137,210
Deferred revenues 165,501 3,548 248,048
Due to other funds (Note 4) 254,418 I
Advances from other funds (Note 4) 248,048
Due to bondholders 325,241
Interest payable 331,872 I
Advance payable (Note 6)
Certificates of participation (Note 6) 14.298.915
Total Liabilities 2.841.444 496.951 7.323.064 14,630,787 2.036 325.241
FUND EQUITY AND OTHER CREDITS I
Investment in general fixed assets
Contributed capital 5,109,890 488,855
Retained earnings (deficit)
Reserved for debt service 717,512 I
Reserved for equipment replacement 404,876
Unreserved
Fund balances reserved for: (Note 7)
Investments held to maturity I
Prepaids 8,262
Advance to other funds 248,048
Non residential recycling programs 55,940
Fund balances unreserved, designated for: (Note 7) I
Cemetery endowment 60,000
Economic uncertainty 1,369,133
Authorized expenditures 24,498,396 2,025,545
Undesignated (Note 7) (248.048) I
Total Fund Equity and Other Credits 26.1 83.839 2.081.485 248.048 5,827.402 893.731
Total Liabilities, Fund Equity & Other Credits $29.025.283 $2.578.436 $7.075.016 $20.458.1 89 $895.767 $325,241
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See accompanying notes to financial statements. I
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TOTALS
I ACCOUNT GROUPS (Memorandum Only)
General General Long-
Fixed Assets Term Debt 1998 1997
$37,020,104 $28,917,528
I 1,862,519 1,859,655
1,232,067 1,199,010
515,875 360,026
I 199,775 149,237
254,418 79,259
248,048 289,272
8,262 4,060
I $7,700,694 26,717,558 23,521,178
$7.013.716 7.013.716 5.679.221
$7.700.694 $7.013.716 $75.072.342 $62.058.446
I 2,074,078 2,115,662
67,915 78,898
I 197,958 170,253
7,266,771 2,267,756
137,210 137,210
417,097 462,724
I 254,418 79.259
248,048 289,272
325,241 310,280
331,872 345.579
I 7,013,716 7,013,716 5,679,221
14.298.915 15,023.245
7.013,716 32.633.239 26,959.359
I 7,700,694 7,700,694 4,066,689
5,598,745 5,499,059
717,512 1.770.164
I 404,876 365,293
(1,374.260)
16,490,995
I 8,262 4,060
248.048 289,272
55,940 24,550
I 60.000 60,000
1,369,133 1,369,133
26,523,941 6,838,839
I (248.048) (304.707)
7,700,694 42.439.1 03 35.099.087
$7,700,694 $7.013.716 $75,072.342 $62.058.446
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I See accompanying notes to financial statements.
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I
CITY OF DUBLIN I
COMBINED STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL I
ALL GOVERNMENTAL FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
GENERAL FUND SPECIAL REVENUE FUNDS I
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable ) Budget Actual (Unfavorable ) I
REVENUES
Property taxes $4,286,000 $4,351,858 $65,858
Taxes other than property 8,373,700 9,322,899 949,199 $230,800 $240,796 $9,996
Licenses and pennits 1,043,350 1,398,677 355,327 I
Intergovernmental 1,160,620 1,233,812 73,192 1,358,676 925,797 (432,879)
Charges for services 2,334,737 2,483,861 149,124 739,000 715,254 (23,746)
Interest 1,340.000 1,485,720 145,720 91,955 114,694 22,739
Use of property 88,450 70,461 (17,989) I
Fines and forfeitures 33,200 40,421 7,221 25,000 30,596 5,596
Developer fees 216,000 230,620 14,620
Other revenue 457,489 507,052 49,563 8,460 20,908 12,448
Special assessments 274.407 276.346 1.939 I
Total Revenues 19,117,546 20,894,761 1.777.215 2.944.298 2.555.011 (389.287)
EXPENDITURES I
Current:
General government 3,446,525 3,254,991 191,534
Public safety 8,225,382 8,204,545 20,837 406,242 362,086 44,156 I
Highways and streets 667,372 650,708 16.664 485,352 439,582 45,770
Health and welfare 17,320 17,039 281 815,211 747,940 67,271
Community development 2,793,524 2,761,132 32,392 92,770 59,862 32,908
Culture and leisure 2,246,415 2,168,993 77,422 3,604 3,604 I
Capital outlay 1.461.619 987,200 474.419 1.368,034 692.036 675,998
Total expenditures 18.858,157 18.044.608 813,549 3,171.213 2.305.110 866.103 I
REVENUES OVER (UNDER)
EXPENDITURES 259.389 2.850.153 2.590.764 (226,915) 249.901 476,816
OTHER FINANCING SOURCES (USES) I
Operating transfers in 126,450 24,137 (102,313)
Operating transfers out (8.385) (8.385) (6.600) (9.468) (2.868)
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Total Other Financing Sources (Uses) 126.450 15.752 (110.698) (6.600) (9,468) (2,868)
REVENUES AND OTHER FINANCING I
SOURCES (UNDER) OVER EXPENDITURES
OTHER FINANCING USES $385.839 2,865,905 $2.480.066 $(233.515) 240,433 $473.948
Fund Balance, Beginning of Year 23,235,797 1,841,052 I
Prior Period Adjustment 82.13 7
Fund Balances, End of Year $26.183,839 $2.081.485 I
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See accompanying notes to financial statements. I
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I CAPITAL PROJECT FUNDS
Variance
Favorable
Budget Actual (Unfavorable )
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I $2,969,412 $615,328 $(2,354,084)
I 2.969.412 615.328 (2.354.084)
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12,850 3,248 9,602
I 2.984.640 540.752 2.443.888
2.997,490 544.000 2,453,490
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(28.078) 71,328 99,406
I 27,965 27,965
(15.785) (42,634) (26.849)
I (15.785) (14.669) Ll16
I $(43.863) 56,659 $100.522
I (304,707)
I $(248.048)
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I See accompanying notes to financial statements.
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CITY OF DUBLIN
COMBINED STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN RETAINED EARNINGS
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
WITH COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED JUNE 30,1997
PROPRIETARY FUND TYPES
Dublin Equipment
Information Replacement TOTALS
Inc. Intemal (Memorandum Only)
Enterprise Fund Service Fund 1998 1997
REVENUES
Facility rents $1,480,577 $1,480,577 $1,484,045
Equipment usage $241,988 241,988 211,050
Miscellaneous 6.783 6.783 21.902
Total Revenues 1.480.577 248.771 1.729.348 1,716.997
EXPENSES
Depreciation 412,103 156,392 568,495 625,955
Services and supplies 8.385 79.085 87,470 67.461
Total Expenses 420.488 235,477 655,965 693.416
Operating Income 1,060,089 13,294 1,073,383 1,023,581
NONOPERATING INCOME (EXPENSES)
Interest and investment income 109,485 26,289 135,774 126,414
Interest expense and bond discount amortization (856.351) (856.351) (887.518)
Nonoperating Income (Loss) (746.866) 26.289 (720.577) (76Ll04)
Income Before Operating Transfers 313,223 39,583 352,806 262,477
OPERATING TRANSFERS IN 8.385 8.385 4.211
Net Income 321,608 39,583 361,191 266,688
Retained Earnings, Beginning of Year 395.904 365.293 76I.I97 494.509
Retained Earnings, End of Year $717.512 $404.876 $Ll22.388 $761.197
See accompanying notes to financial statements.
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CITY OF DUBLIN
COMBINED STATEMENT OF CASH FLOW
ALL PROPRIETARY FUND TYPES
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
WITH COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED JUNE 301997
Dublin Equipment TOTALS
Information Inc. Replacement (Memorandum Only)
Enterprise Internal
Fund Service Fund 1998 1997
CASH FLOWS FROM OPERATING ACTIVITIES
Operating income (loss) $ 1,060,089 $ 13,294 $ 1,073,383 $ 1,023,581
Adjustments to reconcile operating income
to cash flows from operating activities:
Depreciation 412,103 156,392 568,495 625,955
Net effect of changes in
Accrued Interest 664
Accounts payable 273 273 432
Cash Flows from Operating Activities 1,472,192 169,959 1,642,151 1,650,632
CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) decrease in restricted investments 4,326 4,326 (3,666)
Interest received 109,485 26,289 135,774 126,414
Cash Flows from Investing Activities 113,811 26,289 140,100 122.748
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES ,f
~ (
Contributed capital lt~ \) \ 99,686 99,686 39,097
Fixed asset purchases ,. V\i , l'i:~130,870) (130,870) (97,610)
Certificates of Participation principal payment \ )::- (765,000) (765,000) (730,000)
Interest paid (829,388) :.. '/ (829,388) (859,320)
Cash Flows from Capital and Related
Financing Activities (1,594,388) (31,184) (1,625,572) (1,647,833)
CASH FLOWS FROM NONCAPITAL FINANCING
ACTIVITIES
Operating Transfers In 8,385 8,385 4,211
Cash Flows from Noncapital
Financing Activities 8,385 8,385 4,211
Net Cash Flows 165,064 165,064 129,758
Cash and investments, Beginning of Year 406,190 406,190 276,432
Cash and investments, End of Year $ $ 571,254 $ 571,254 $ 406,190
See accompanying notes to fmancial statements.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 1 - GENERAL
The City of Dublin is a residential community with a significant regional commercial base, located in the Tri-
Valley area of Alameda County at the crossroads ofInterstate Freeways 580 and 680. The City was incorporated
as a municipal corporation February 1, 1982; population at January 1, 1998, was 26,725, including prisoners
housed at the Alameda County Sheriffs Department Santa Rita Jail and the Federal Correctional Institute.
The City operates under the Council-Manager form of government, with five elected Council members served by
a full-time City Manager and staff. At June 30, 1998, the City's staff comprised 43 full-time employees who
were responsible for City-provided services. In addition, the City employs approximately 30-75 seasonal
recreation personnel. The City provides many traditional municipal services through contracts with both public
and private entities. Approximately 82 contract employees provide a variety of municipal services from City
facilities.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of significant accounting policies of the City, which conform with generally
accepted accounting principles applicable to governments.
A. Reporting Entity
The general purpose financial statements of the City of Dublin include the financial activities of the City as
well as Dublin Information, Inc. (DIl). OIl is a separate legal entity which assists in providing financing to
the City, owns and rents facilities to the City and is utilized to distribute public information. DlI is governed
by the same governing board as the City plus the City Manager and Assistant City Manager and is dependent
on the City for its cash flows. The financial activities of OIl have been aggregated and merged (termed
'blended') with those of the City in the Dublin Information, Inc. Enterprise Fund. Since OIl's sole business is
facilities rental, it accounts for rents as operating revenues.
B. Fund Accounting
The accounts of the City are organized on the basis of funds and account groups, each of which is considered
a separate accounting entity. The operations of each fund are accounted for with a separate set of self-
balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures, or expenses,
as appropriate. Government resources are allocated to and accounted for in individual funds based upon the
purposes for which they are to be spent and the means by which spending activities are controlled. The
various funds are grouped in the general purpose financial statements as follows:
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CITY OF DUBLIN
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Notes to General Purpose Financial Statements
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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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General Fund is the general operating fund ofthe City. It is used to account for all financial resources
except those required to be accounted for in another fund.
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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 pwprietary funds).
PROPRIETARY FUND TYPES
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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.
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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.
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FIDUCIARY FUND TYPE
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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.
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C Measurement Focus
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All governmental funds are accounted for on a spending or financial flow measurement focus which means
that only current assets and current liabilities are generally included on their balance sheets. Their reported
fund balance is their net current assets, which is considered only to be a measure of available spendable
resources. Governmental fund operating statements present a summary of sources and uses of available
spendable resources during a period by presenting increases and decreases in net current assets.
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Because of their spending measurement focus, governmental funds exclude fixed assets and noncurrent
liabilities. Instead, these assets and liabilities are reported in the General Fixed Assets Account Group and
the General Long-Term Obligations Account Group. These account groups measure only financial position;
they are not funds and they do not measure results of operations. They maintain accounting control over the
City's governmental fund fixed assets and City debt which will be repaid by governmental funds.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
In those cases when a governmental fund records a long-term receivable or other non-current asset, an
offsetting credit is made to deferred revenue, or undesignated fund balance is reduced to reflect the fact that
this amount is not yet available.
Proprietary funds are accounted for on a cost of services or capital maintenance measurement focus, which
means that all assets and all liabilities associated with their activity are included on their balance sheets.
Their reported fund equity is segregated into contributed capital and retained earnings components.
Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in total
assets.
In accordance with GASB Statement No. 20, for proprietary fund accounting, the City applies all applicable
GASB pronouncements and all applicable F ASB Statements and Interpretations, Accounting Principles
Board (APB) Opinions and Accounting Research Bulletins (ARB) issued on or before November 30, 1989,
unless those pronouncements conflict with or contradict GASB pronouncements. The City also applies all
F ASB Statements and Interpretations issued after November 30, 1989, except for those that conflict with or
contradict GASB pronouncements.
D. Fixed Assets, Depreciation, and Long-Term Liabilities
The General Fixed Assets Account Group provides accounting control over the cost of fixed assets used by
the City's governmental funds. The General Fixed Assets Account Group is not a fund and its balances are
not financial resources available for expenditure. Rather, they provide an historical accounting record of
resources expended on general fixed assets. Public domain (infrastructure) general fixed assets, which
include roads, bridges, curbs and gutters, streets and sidewalks, drainage systems, park land, and lighting
systems, have not been capitalized because these assets are immovable and of value only to the public. No
depreciation has been provided on general fixed assets.
Proprietary fund fixed assets are recorded at cost and depreciated over their estimated useful lives. The
purpose of depreciation is to spread the cost of proprietary fund fixed assets equitably among all customers
over the life of these assets, so that each customer's bill includes a pro rata share of the cost of these assets.
The amount charged to depreciation expense each year represents that year's pro rata share of the cost of
proprietary fund fixed assets.
All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not
available. Donated fixed assets are valued at their estimated fair market value on the date donated.
Depreciation of all proprietary fund fixed assets is charged as an expense against operations each year and the
total amount of depreciation taken over the years, called accumulated depreciation, is reported on the
proprietary fundsf balance sheet as a reduction in the book value of the fixed assets.
Depreciation of fixed assets in service is provided using the straight line method which means the cost of the
asset is divided by its expected useful life in years and the result is charged to expense each year until the
asset is fully depreciated.
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CITY OF DUBLIN
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Notes to General Purpose Financial Statements
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NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The City has assigned the useful lives listed below to proprietary fund fixed assets.
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Buildings
Machinery & equipment
37.5 years
3-7 years
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The General Long Term Debt Account Group provides accounting control over the unmatured principal of
the City's general long term debt. This debt will be repaid out of governmental funds but is not accounted for
in these funds because this part of the debt does not require an appropriation or expenditure in this accounting
period.
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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.
E. Contributed Capital in Proprietary Fund Types
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Contributed capital in proprietary funds represents general fund contributed fixed assets. Contributed capital
in the Equipment Replacement Internal Service Fund increased by $99,686 during the year ended June 30,
1998.
F. Basis of Accounting
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Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and
reported in the general purpose financial statements. Basis of accounting relates to the timing of the
measurements made, regardless of the measurement focus applied.
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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.
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Those revenues susceptible to accrual are property taxes, sales taxes, transient occupancy taxes, interest
revenues, and charges for services. Fines, licenses, and permit revenues are not susceptible to accrual
because they generally are not measurable until received in cash.
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Expenditures are generally recognized under the modified accrual basis of accounting when the related fund
liability is incurred, except for principal and interest on general long term obligations which is recognized
when due. Because of their current financial resources focus, expenditure recognition for governmental fund
types excludes amounts represented by noncurrent liabilities. Since they do not affect net current assets, such
long-term amounts are not recognized as governmental fund expenditures or fund liabilities.
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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.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
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. The public is given an opportunity to comment on budget at a noticed City Council meeting.
3. Prior to July 1, the budget is legally enacted through passage of a resolution.
4. The City Manager is authorized to transfer budgeted amounts between line items within any department.
In addition, the City Manager is allowed to transfer funds from the Contingent Reserve (Activity 1080) to
operating department health and welfare accounts when required due to employee turnover or change in
status, City Council approved funding for increases in employee salaries and benefits, and City Council
approved funding for increases in contractor labor rates. Other revisions which alter total departmental
expenditures of the City must be approved by City CounciL Expenditures may not exceed budgeted
appropriations at the departmental level without City Council approvaL
5. Formal budgetary integration is employed as a management control device during the year for the general
fund, special revenue funds and capital projects funds.
6. Budgets for the general, special revenue and capital projects funds are adopted on a basis consistent with
generally accepted accounting principles.
7. All unexpended appropriations lapse at the end ofthe fiscal year.
8. Budgeted amounts presented in the financial statements are as originally adopted, or as amended by the
City CounciL Individual amendments were not material in relation to original appropriations.
H. Cash Flows
Proprietary fund type cash and investments are used in the preparation of the statement of cash flows as
investments are not allocated to specific funds. Each ofthese funds' allocation of pooled cash and
investments is considered cash and cash equivalents. Restricted cash and investments held in proprietary
funds are composed of investments with maturity terms greater than three months and are therefore not
considered cash and cash equivalents.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
L Deferred Compensation Plan
City employees may defer a portion of their compensation under a City sponsored deferred compensation
plan created in accordance with Internal Revenue Code Section 457. Under this plan, participants are not
taxed on the deferred portion of their compensation until it is distributed to them; distributions may be made
only at termination of employment, retirement, death, or in an emergency as defined 'by the Plan. In
accordance with GASB 32, the City revised the plan to no longer make the funds available to the City's
general creditors and accordingly, the City does not report the assets in the financial statements.
J. Property Tax
Alameda County assesses properties and bills, collects, and distributes property taxes to the City. The
County remits the entire amount paid and handles all delinquencies. The City receives proportionate shares
of prior year collections including retaining interest and penalties. Secured and unsecured property taxes are
levied on January 1 of the preceding fiscal year.
Secured property tax is due in two installments, on November 1 and March 1, and becomes a lien on those
dates. It becomes delinquent on December 10 and April 1 0, respectively. Unsecured property tax is due on
July I, and becomes delinquent on August 31.
The term 'unsecured' refers to taxes on personal property other than real estate, land and buildings. These
taxes are secured by liens on the property being taxed. Property tax revenues are recognized by the City in
the fiscal year they are assessed, provided they become available within 60 days of year end.
K. Accumulated Unpaid General Leave
The City accounts for 100% of the liability for accumulated unpaid general leave in the General Fund since
the City's policy is to liquidate any unpaid general leave from currently available expendable resources rather
than future resources. The City offers its employees general leave benefits which are composed oftime off
for illnesses and vacations. Employees receive benefits in the form of time off or in cash if employment with
the City ceases.
L. Post Employment Health Care Benefits
The City provides certain health care benefits for three retirees as required under a contract signed with
PERS. All former employees who retire with the City under PERS are eligible for these benefits. The cost of
retiree health care benefits is recognized as an expenditure as premiums are paid. For the year ended June 30,
1998 those costs totaled $14,656.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
M. Total Columns on Combined Financial Statements
Although each of the City's funds is a separate accounting entity, the Combined Financial Statements also
include total columns, which are captioned Memorandum Only to indicate that they are presented only to
facilitate financial analysis. Data in these columns do not present financial position, results of operations, or
changes in cash flow in conformity with generally accepted accounting principles. Neither is such data
comparable to a consolidation, since no interfund eliminations have been made in the aggregation ofthis
data.
NOTE 3 - CASH AND INVESTMENTS
The City pools cash from all sources and all funds except that held by fiscal agents under debt indentures so that
it can be safely invested at maximum yields, consistent with safety and liquidity, while individual funds can
make expenditures at any time.
Cash and Investment Summary
A. Cash
B. Investments
$ 286,239
38,596,384
Total
$ 38,882,623
A. Cash Deposits and Collateral
BANK BALANCE
CATEGORY
2 3
TOTAL
CARRYING
AMOUNT
Categorized
Cash on hand and in banks
Certificates of Deposit
$ (402,436) *
688,000
$
16,003
$ 116,013
688,000
$ 100,010
688,000
Total Deposits
$ 788,010 $
$ 16,003 $ 804,013
285,564
Uncategorized:
Petty cash
675
Total Cash
$ 286,239
* The negative cash amount is due to timing differences resulting from checks issued on the City General
Ledger prior to June 30, 1998, but not yet cleared by the bank.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 3 - CASH AND INVESTMENTS (Continued)
California law requires banks and savings and loan institutions to pledge government securities with a market
value of 110% of the deposit or first trust deed mortgage notes with a value of 150% of the deposit as
collateral for all municipal deposits. This collateral places the City ahead of general creditors of the
institution. The City has waived collateral requirements for the portion of deposits covered by federal deposit
Insurance.
These categories are as follows:
Category 1: Cash on hand or insured by the Federal Deposit Insurance Corporation or collateralized with
securities held by the City or by its agent in the City's name.
Category 2: Collateralized with securities held by the pledging financial institution's trust department or
agent in the City's name.
Category 3: Uncollateralized - (This includes any bank balance that is collateralized with securities held by
the pledging financial institution, or by its trust department or agent but not in the City's
name).
B. Categorization of Credit Risk of Securities Instruments
The Governmental Accounting Standards Board (GASB) has issued Statement 31, "Accounting and Financial
Reporting for Certain Investments and for External Investment Pools," effective for periods beginning after
June 15, 1997. The statement generally applies to investments in external investment pools (State of
California LAlF & county treasury investment pools), investments purchased with maturities greater than one
year, mutual funds, and certain investment agreements. Generally, governmental entities need to report the
"fair value" changes for these investments at year-end and records these gains or losses on their income
statement.
Methods and assumptions used to estimate fair value: The City maintains investment acounting records
on amortized cost and adjusts those records to 'fair value' on an annual basis. The City's investment
custodian provides market values on each investment instrument on a monthly basis. The investments held
by the City are widely traded in the financial markets and trading values are readily available from numerous
published sources. Unrealized gains and losses are recorded on an annual basis and the carrying value of its
investments is considered 'fair value'. The City has implemented Statement 31 the financial effect of this is
discussed in Note 12a.
State of California State Treasurer's Local Agency Investment Fund ('LAIF'): The City holds an
investment in LAIF that is subject to being adjusted to "fair value". The City is required to disclose its
methods and assumptions used to estimate the fair value of its holdings in LAIF. The City relied upon
information provided by the State Treasurer in estimating the City's fair value position of its holdings in
LAIF. The City had a contractual withdrawal value of $18,200,000 whose pro-rata share of fair value was
estimated by the State Treasurer to be $18,206,972. The fair value change in this investment for the year
came to an amount that was not material for presentation in the financial statements.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 3 - CASH AND INVESTMENTS (Continued)
The State Treasurer's Local Agency Investment Fund ("LAIF") is a governmental investment pool managed
and directed by the California State Treasurer and is not registered with the Securities and Exchange
Commission. An oversight committee, comprised of California State officials and various participants,
provide oversight to the management of the fund. The daily operations and responsibilities of LAIF fall
under the auspices of the State Treasurer's office. The City is a voluntary participant in the investment pooL
(1) The management of the State of California Pooled Money Investment Account (generally referred to as
LAIF) has indicated to the City that as of June 30, 1998, the carrying amount of the pool was
$31,816,667,331 and the fair value for the pool (including accrued interest) was $32,107,563,738. The
City's proportionate share of that value is $18,200,000. Included in LAIF's investment portfolio are
certain derivative securities or similar products in the form of structured notes, totaling $977,100,000 and
asset-backed securities, totaling $388,537,000. LAIF's (and the City's) exposure to risk (credit, market
or legal) is not currently available.
Investments:
Categorized
U.S. Treasury Securities
Debt Service Reserves
U.S. Government Agency Securities
Total Categorized Investments
CATEGORY
2 3
$ 998,469
1,716,824
15,897,857
$ 18,613,150 $ $
Uncategorized:
Local Agency Investment Fund (LAIF) (1)
Morgan Stanley/Dean Witter U.S. Government Securities Mutual Fund
First American Government Obligations
Money Market Fund
Bank of New York Cash Reserve
Money Market Fund
Total Uncategorized Investments
Grand Total Investments
As of June 30, 1998, all investments held by the City are carried at fair value.
REPORTED FAIR
AMOUNT VALUE
$ 998,469 $ 998.469
1,716,824 1,716,824
15,897,857 15,897,857
18,613,150 18,613,150
18,200,000 18.200.000
1,637,539 1,637,539
143,577 143,577
2,118 2,118
19,983,234 19,983,234
$ 38,596,384 $ 38,596,384
The City categorizes its individual securities instruments in ascending order to reflect the relative risk of
loss of these instruments. This risk is called Credit Risk, the lower the number, the lower the risk. The
three levels of risk prescribed by generally accepted accounting principles are described below:
Category 1 - Insured or registered for which securities are held by the City or its agent in the City's name.
Category 2 - Uninsured and unregistered for which securities are held by the counterparty's trust department
or agent in the City's name.
Category 3 -Uninsured and unregistered for which securities are held by the counterparty's trust or its trust
department or agent but not in the City's name.
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Notes to General Purpose Financial Statements
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NOTE 3 - CASH AND INVESTMENTS (Continued)
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(2) Pooled Investments - Pooled investments are not categorized because of their pooled, rather than
individual, nature.
C. Authorized Investments
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The City's investment policy and the California Government Code allow the City to invest in the following
types of investments, subject to certain limitations as described in the City's investment policy:
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Certificates of Deposit
Bankers Acceptances
Local Agency Investment Fund (State Pool) Deposits
Repurchase Agreements
Commercial Paper
Mutual Funds
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D. Market Risk and Investment Maturities
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The City limits market risk by limiting the types and maturities of its investments and by not borrowing
against its investments. Investment yield is ranked after safety and liquidity in making investment decisions.
All investments are held to maturity and maturities are matched to the City's projected cash flow needs.
Investments matured as follows at June 30:
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Maturities of less than one year
Maturities of one to three years
1998
$ 20,023,348
8,898,030
9,675,006
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Total
$ 38,596,384
E. Return on Investments
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The City's return on investments comprises only interest income; there were no gains or losses on sales of
securities since all were held to maturity. Interest income of$1,736,188 earned during fiscal 1998
represented a return of 5.6% on the City's month-end average investment balances. This income is allocated
among funds on the basis oftheir average month-end cash and investment balances.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 4 - INTERFUND TRANSACTIONS
A. Interfund Balances
During the normal course of business, individual funds may receive or pay amounts for other funds, giving
rise to interfund receivables or payables which are liquidated shortly after year end. These interfund balances
comprised the following at June 30, 1998:
Special Revenue Funds:
Intermodal Surface Transportation Act
Community Development Block Grant
FEMA
Transportation Development Act
SB 300 Grant
$
97,021
73,221
14,326
24,494
45,356
Total
$
254,418
The amounts owed represent General Fund advances for expenditures chargeable to these funds, and will be
repaid in the normal course of business in fiscal year 1999.
B. Operating Transfers
With Council approval, resources may be transferred from one City fund to another. The purpose of the
majority of transfers, called operating transfers, is to reimburse a fund which has made an expenditure on
behalf of another fund. Less often, a residual equity transfer may be made to open or close a fund. Operating
transfers between individual funds during the fiscal year ended June 30, 1998 are presented below. Most of
these transfers were reimbursements of administrative costs or impact fee studies incurred on behalf of the
fund making the transfer.
Fund Making Transfer
Amount
Fund Receiving Transfer
General Fund
Public Facilities Fees
Vehicle Abatement Program
Community development Block grant
Fire Impact Fee
Housing & Noise Mitigation
$ 8,385
27,965
3,791
5,677
10,785
3,884
Dublin Information Corporation
Traffic Impact Fees
General Fund
General Fund
General Fund
General Fund
Total
$ 60,487
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 4 - INTERFUND TRANSACTIONS (Continued)
C. Advances to Other Funds
The General fund has advanced $248,048 to the Traffic Impact Fee fund. Since the funds are not likely to be
available to finance current operations within the time prescribed by generally accepted accounting
principles, they have been fully reserved in the fund balance equity section of the financial statements.
NOTE 5 - FIXED ASSETS
The City makes capital outlays for general fixed assets and for infrastructure. General fixed assets include land,
buildings and equipment used in City operations. Depreciation is not provided on general fixed assets since the
cost of these assets is accounted for as an expenditure, reducing fund balance in the year they are acquired.
Infrastructure includes roads, bridges, curbs, sidewalks, drainage systems, street and traffic lights and other
improvements used by all citizens. Expenditures for infrastructure are not capitalized.
Fixed assets balances and activity were as follows:
Balance
July 1, 1997
General Fixed Assets
Land
Equipment
Buildings & Improvements
$ 245,000
194,860
3,626,829
$ 4,066,689
Total
Enterprise Fund
Civic Center Land
Civic Center Building
Machinery & equipment
Total
Less accumulated depreciation
6,842,037
15,453,847
422,510
22,718,394
(3,613,940)
$ 19,104,454
Net Enterprise Fund
Internal Service Fund
Machinery & equipment
Less accumulated depreciation
756,470
(406,435)
350,035
Net Internal Service Fund
$
Additions
Balance
June 30, 1998
Disposals
$ 212,565
1,360,511
2,305,929
$ 3,879,005
$ 245,000
$ 212,565
1,555,371
5,932,758
$ 7,700,694
$ 245,000
(412,103)
$ ( 412,103) $
6,842,037
15,453,847
422,510
22,718,394
(4,026,043)
$ 18,692,351
$
130,870
(156,392)
(25,522) $
866,292
(541,779)
324,513
21,048
(21,048)
$
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 6 - LONG TERM OBLIGATIONS
The City generally incurs long-term debt to finance projects or purchase assets which will have useful lives equal
to or greater than the related debt. The City's debt issues and transactions are summarized below and discussed
in detail subsequently.
I. General Long-Term Debt Account Group
Balance Balance
July 1, 1997 Additions Retirements June 30, 1998
A. Bart Long Term Advance $ 1,459,344 $ 83,645 $ 1,542,989
B. City of Pleasant on 2,527,354 156,122 2,683,476
C. Alameda County Surplus
Property Authority 1,692,523 90,712 1,783,235
D. Dublin Unified School District 1,004,016 1,004,016
Total $ 5,679,221 $ 1,334,495 $ $ 7,013,716
A. BART Agreement
In 1990, the City and Bay Area Rapid Transit District (BART) entered into a Settlement Agreement
regarding the City's extension of Dublin Boulevard to the extension of Hacienda Drive. BART
advanced the City $2,285,000 to purchase land and construct the road extensions. The advance was
structured with two components; a Short Term and a Long Term Advance. These projects are now
complete.
Short Term Advance:
The amount provided as a "Short-Term Advance" came due on December 31,1995. In accordance
with a separate agreement the amount was repaid by the Alameda County Surplus Property Authority.
See Note C, below.
Long Term Advance:
BART's long term advance to the City, including accrued interest as of June 30, 1998 is $1,542,989
which has no specific due date. Under the City's Agreement with BART, interest on the advance
accrues at a rate based on BART's average rate ofretum on its investments. During the year ended
June 30, 1998 unpaid interest incurred was added to the balance owed in the amount of$83,645. The
City expects to repay principal and interest on BART's advance out of developer fees, charges and
other non-tax revenues generated by future development in the area of the BART station. The
agreement states that in no event is the advance to be repaid from the City's General fund or from
general revenues. The Agreement provides for the forgiveness by BART of any principal or interest
still outstanding on March 27,2010.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 6 - LONG TERM OBLIGATIONS (Continued)
B. City of Pleasanton
The City has entered into an agreement with the City of Pleasant on for the reimbursement of the cost
of construction of a two-lane access road and the extension of Hacienda Drive. The advance as of
June 30, 1998 is $2,683,476 which includes $156,122 interest for the current year. Interest accrues on
the reimbursement at 7.48% per year. The reimbursement is to be repaid from proceeds of
assessments, special taxes or fees imposed on the property east of Dougherty Road with no specific
due date.
C. Alameda County Surplus Property Authority
The City entered into an agreement with Alameda County Surplus Property Authority for the
repayment of the City's Short Term BART Advance by the Authority. Under the terms ofthe
agreement with the Authority, interest on the advance shall accrue at a rate based on the Alameda
County Treasurers return on investments. As of June 30, 1998 the advance including accrued interest
is $1,783,235. The advance is to be repaid from developer fees, charges, and other non-tax revenues
from the benefiting area and has no specific due date. The City's General Fund shall not be obligated
to repay this obligation.
The City has recorded the BART, Alameda County Surplus Authority and the City of Pleasant on
advances as general long-term debt at June 30, 1998 because, despite the Agreement's forgiveness
clause, the City is confident there will be sufficient City revenues generated from traffic impact fees
levied on new development in the Eastern Dublin Specific Plan Area to repay these advances.
D. Dublin Unified School District
The City has entered into an agreement with the Dublin Unified School District to provide
construction and annual funding assistance with the maintenance costs of a gymnasium. The City will
reimburse the District for part of the cost of the construction of the gym in the amount of $1 ,004,0 16
in four equal annual payments beginning no later than January 30, 1999. The reimbursement is to be
repaid out of the General Fund.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 6 - LONG TERM OBLIGATIONS (Continued)
ll. Enterprise Long-Term Debt
1993 Certificates of Participation
Balance Balance
July 1,1997 Additions Retirements June 30, 1998
1993 Certificate of Participation (COP) $15,535,000 $ (765,000) $ 14,770,000
Cost ofIssuance 1993 COP (511,755) $ 40,670 (471,085)
Total $15,023,245 $ 40,670 $ (765,000) $ 14,298,915
The City leases the Dublin Civic Center building under a lease that may not be cancelled as long as the
Certificates of Participation are outstanding. The lease payment schedule continues through February
2020. The lease is automatically canceled once all outstanding payments have been made. Under this
lease, the City makes semi-annual payments which are sufficient to pay the principal and interest on the
1993 Certificates of Participation. Ownership of the building reverts to the City at the end of the lease.
The cost of the building and the balance of the debt evidenced by the 1993 Certificates of Participation
have been included in the City's financial statements as this lease is in essence a financing arrangement,
with ownership ofthe financed assets reverting to the City at its conclusion, and is payable from general
government resources.
The 1993 COPs bear interest at rates of2.8% to 5.8%, are due through February 2010, require annual
principal payments on February I and semi-annual interest payments on February 1 and August 1. The
COPs may be prepaid without penalty commencing February 1, 1999. Principal payments of $765,000
and $730,000 were made during the fiscal years ended June 30, 1998 and 1997, respectively.
Amortization of original issue discount equated to $40,670 in both fiscal years. Debt service on the COPs
are repayable from Dublin Information, Inc. Enterprise Fund revenues. Enterprise fund revenues are
comprised primarily of lease payments from general government resources and interest earnings on the
debt service reserve funds held by the trustee.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 6 - LONG TERM OBLIGATIONS (Continned)
III. Combining Maturity Schedule - (General Long-Term Debt Account Group and Enterprise Debt):
Annual debt service requirements for long term debt, including interest on 1993 COPS, are as follows:
Alarneda County
For the Year City of BART Surplus Dublin Unified 1993
Ending June 30, Pleasanton Agreement Property School District COPs Total
1999 $ 251,004 $ 1,716,494 $ 1,967,498
2000 251,004 1,713,944 1,964,948
2001 251,004 1,712,144 1,963,148
2002 251,004 1,715,588 1,966,592
2003 1,715,768 1,715,768
Thereafter $ 2,683,475 $ 1,542,989 $ 1,783,236 12,006,468 18,016,168
$ 2,683,475 $ 1,542,989 $ 1,783,236 $ 1,004,016 $ 20,580,406 $ 27,594,122
The COP debt service shown above is the gross Debt Service due for the years shown. This does not
account for annual interest earnings from Reserve Fund investments held by the Trustee. In accordance
with the financing documents the annual interest may be used to reduce the annual debt service payments
made by the City.
IV. Special Assessment District Debt:
The Dublin Boulevard Extension Special Assessment District, formed within City limits, had outstanding
debt with a balance of $2,059,000 at June 30, 1998. Proceeds of the debt were used to finance
improvements within District boundaries. The City has no legal, contingent or moral obligation for the
repayment of this debt and acts solely as the collecting and paying agent for the District and activities of
the District are reported in the Dublin Boulevard Extension Assessment District Agency Fund.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 7 - FUND BALANCES
A. Deficits
The following funds had deficit balances at June 30, 1998:
Capital Projects Funds
Traffic Impact Fee Fund
$
248,048
The deficit for this fund will be eliminated through future revenues.
B. Reserves and Designations
Fund equity consists of reserved and unreserved amounts. Reserved fund equity represents that portion of a
fund balance or retained earnings which has been appropriated for expenditure or is legally segregated for a
specific future use. The remaining portion is unreserved.
A portion of unreserved fund balance may be designated to indicate plans for financial resource use in a
future period, such as for general contingencies or capital projects.
Fund balances are reserved as follows:
Reserve for prepaids is the portion of fund balance set aside to indicate that these items do not represent
available, spendable resources even though they are a component of assets.
Reserved for advance to other funds is for the amount included in advance from other funds that are not
available for payment at June 30, 1998.
Reserve for Non Residential Recycling Programs is the portion of the fund balances set aside for revenue
received from the Alameda County Waste Management Authority to be used solely for non residential
recycling.
Fund balances designated by City Council are as follows:
Designated for cemetery endowment is the portion of fund balance to be retained. This represents funds
transferred by the Dublin Cemetery Association, when the City acquired the cemetery. Interest on this
amount is to be used for maintaining the Dublin Cemetery. In the fiscal year ended June 30, 1998 interest
earnings on the endowment funds totaled $3,325. Related cemetery maintenance expenditures net of fees
collected were $32,777.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 7 - FUND BALANCES (Continued)
Designated for economic uncertainty is the portion of fund balance to be used in the event of economic
uncertainty.
Designated for authorized expenditures is the portion of fund balance to be used for expenditures approved
by CounciL
NOTE 8 - JOINT POWERS AGREEMENTS
The City participates in joint ventures with other municipal entities through Joint Powers Agreements (JPAs)
established under the Joint Exercise of Powers Act of the State of California.
Joint Ventures
The Cities of Dublin, Pleasanton, and Livermore and the County of Alameda have entered a joint powers
agreement, dated September 15, 1992, under which Alameda County constructed an animal shelter facility on
county property. Certificates of Participation were issued to construct the facility. Under the agreement the
entities will share in the debt service costs of the project based upon their use of the animal shelter. The original
total principal portion of the scheduled debt is $4,523,897. Dublin's share for the 1997-98 fiscal year, based
upon the statistics of live animals handled in the shelter in calendar year 1996, was $66,502 representing 21.63%
of the debt service requirements. In addition, $125,429 was paid for the City's share of operating expenses.
The City has not recorded an equity interest for the animal shelter agreement. As noted above the ongoing
financial interest is limited to the statistics of live animals handled in the appropriate fiscal year.
NOTE 9 - RISK MANAGEMENT
A. Risk Pool
The City participates in the ABAG PLAN Corporation, which covers general liability claims in an amount up
to $5,000,000 and property insurance coverage to $100,000,000. The City has a deductible or uninsured
liability for general liability of up to $50,000 per claim. The deductible for property claims is $5,000 per
occurrence, excluding auto claims which have a $10,000 deductible. Once the City's deductible is met ABAG
PLAN becomes responsible for payment of all claims up to the limit. During the fiscal year ended June 30,
1998 the City contributed $88,415 for current year coverage and received a refund of$109,070 of prior years
excess contributions.
ABAG PLAN is governed by a board consisting of representatives from member municipalities. The board
controls the operations of ABAG PLAN including selection of management and approval of operating
budgets, independent of any influence by member municipalities beyond their representation on the Board.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 9 - RISK MANAGEMENT (Continued)
The City's contributions to ABAG PLAN for liability coverage is based on a formula which considers the
ratio of the City's payroll to the total payrolls of all entities participating in the same layer of each program, in
each program years loss history and population. Actual surpluses or losses are shared according to a formula
developed from over a loss costs and spread to member entities on a percentage basis after a retrospective
rating.
Audited financial information for ABAG PLAN can be obtained from ABAG PLAN, P.O. Box 2050,
Oakland, CA 94604-2050.
B. Liability for Uninsured Claims-Adoption ofGASB 10
The Governmental Accounting Standards Board (GASB) requires municipalities to record their liability for
uninsured claims and to reflect the current portion of this liability as an expenditure in their financial
statements. As discussed, above, the City has coverage for such claims, but it has retained the risk for the
deductible, or uninsured portion of these claims in the ABAG PLAN. GASB Statement 10, "Financial
Reporting for Risk Financing and Related Insurance Issues" now requires that this amount be separately
identified and recorded as a liability.
The City's liability for uninsured claims, limited to general liability claims as discussed above, includes a
provision for IBNR losses. This amount was estimated based on claims experience. Since incorporation in
1982, the City has never had a loss which exceeded the amount of insurance coverage. The claim liability for
the current and prior year are as follows:
Beginning balance
Provision for claims
Claims paid
Ending balance
June 30, 1997
$ 137,210
7,385
(7,385)
$ 137,210
June 30, 1998
$ 137,210
34,828
(34,828)
$ 1 37,2 1 0
The City has obtained a workers' compensation insurance policy from the State Compensation Insurance
Fund which has no deductible.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 10 - PENSION PLAN
A. PERS
Plan Description. The City of Dublin's defined benefit pension plan, (Miscellaneous Plan), provides
retirement and disability benefits, annual cost-of-living adjustments, and death benefits to plan members and
beneficiaries. The Miscellaneous Plan is part of the Public Agency portion of the California Public
Employees Retirement System (CaIPERS), an agent multiple-employer plan administered by CaIPERS,
which acts as a common investment and administrative agent for participating public employers within the
State of California. A menu of benefit provisions as well as other requirements are established by State
statutes within the Public Employees' Retirement Law. The City of Dublin selects optional benefit
provisions from the benefit menu by contract with CalPERS and adopts those benefits through local
ordinance or resolution. CalPERS issues a separate comprehensive annual financial report. Copies of the
CaIPERS's annual financial report may be obtained from the CalPERS Executive Office - 400 P Street-
Sacramento, California, 95814.
Funding Policy. Active plan members in the Miscellaneous Plan are required to contribute 7% of their
annual covered salary of which the City pays on behalf of the employees. The City of Dublin is required to
contribute the actuarially determined remaining amounts necessary to fund the benefits for its members. The
actuarial methods and assumptions used are those adopted by the CalPERS Board of Administration. The
required employer contribution rate for Fiscal Year 1997-98 was 5.276% for miscellaneous employees.
(Dublin has only miscellaneous employees.) The contribution requirements of the plan members are
established by State statute and the employer contribution rate is established and may be amended by
CaIPERS.
Annual Pension Cost. For Fiscal Year 1997-98, the City of Dublin's annual pension cost was $282,240 and
was equal to the City's required and actual contributions. The required contribution for Fiscal Year 1997-98
was determined as part of the June 30, 1995, actuarial valuation using the entry age normal actuarial cost
method with the contributions determined as a percent of pay. The actuarial assumptions included (a) 8.5%
investment rate of return (net of administrative expenses); (b) projected salary increases that vary by duration
of service ranging from 4.5% to 14.95% for miscellaneous members; and (c) zero percent cost-of-living
adjustment. Both (a) and (b) include an inflation component of 4.5%. The actuarial value of Miscellaneous
Plan's assets was determined using a technique that smoothes the effect of short-term volatility in the market
value of investments over a two to five year period depending on the size of investment gains and/or losses.
Miscellaneous Plan's unfunded actuarial accrued liability (or excess assets) is being amortized as a level
percentage of projected payroll on a closed basis. The remaining amortization period ends June 30, 2011.
Three-year Trend Information for Miscellaneous Plan
Fiscal Year
Ending
6/30/94
6/30/95
6/30/96
Annual Pension Cost
(APC)
$193,839
$211,611
$246,622
Percentage of APC
Contributed
100%
100%
100%
Net Pension Obligation
$0
$0
$0
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 10 - PENSION PLAN (Continued)
Funded Status of Plan
Valuation
Date
6/30/94
6/30/95
6/30/96
Entry Age
Normal Accrued
Liability
$1,774,888
$2,097,646
$2,421,672
UAALAsa%
of Payroll
(6.317)%
(7.602)%
(19.471 )%
Actuarial
Value of
Assets
$1,875,554
$2,237,209
$2,806,415
Unfunded
(Overfunded)
Liability
$(100,666)
$(139,563)
$(384,743)
Annual
Covered
Payroll
$1,593,561
$1,835,767
$1,975,983
Funded
Ratio
105.7%
106.7%
115.9%
B. Social Security
The Omnibus Budget Reconciliation Act of 1990 (OBRA) mandates that public sector employees who are not
members of their employer's existing retirement system as of January 1, 1992 be covered by either Social
Security or an alternative plan.
The City's part-time, seasonal and temporary employees are covered under Social Security, which requires
these employees and the City to each contribute 6.2% of the employees' pay. Total contributions for these
employees to Social Security, excluding Medicare, during the year ended June 30, 1998 amounted to
$31,374, of which the City paid one-half.
NOTE 11 - COMMITMENT AND CONTINGENT LIABILITIES
Grant Programs
The City participates in several federal and State grant programs. No cost disallowances were proposed as a
result the City's financial audit; however, these programs are still subject to further examination by the
grantors and the amount, if any, of expenditures which may be disallowed by the granting agencies cannot be
determined at this time. The City expects such amounts, if any, to be immaterial.
Litigation
The City is subject to litigation arising in the normal course of business. In the opinion ofthe City Attorney
there is no pending litigation which is likely to have a material adverse effect on the financial position of the
city.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 11 - COMMITMENT AND CONTINGENT LIABILITIES (Continued)
Developer Agreements
Freeway Improvement Agreement
In 1991, the City of Dublin, the City of Pleasant on and the Alameda County Surplus Property Authority
entered into an agreement for the installation of certain off-ramp improvements adjacent to Interstate 580.
The improvements to be installed have been completed. The City of Dublin agreed to provide future credits
towards development impact fees to the Authority for certain costs related to the installation of the
improvements. These costs include the value of right of way needed to install the improvements, the
construction cost of the improvements as agreed to in the agreement, and accrued interest on the two
aforementioned items. The potential credits are payable from future development impact fees to be collected
by the City and amount to $4,290,359, including interest, as of June 30, 1998, of which the Authority, in
Fiscal Year 1997/98, used a total of $297,445 generated by this agreement. The amount due is not recorded
as indebtedness since the payment is contingent upon the collection development impact fees from
development growth which has not yet occurred.
Roadway Agreement
In 1994, the City of Dublin and the Alameda County Surplus Property Authority entered into an agreement to
arrange for the dedication of the City of Dublin of the right-of-way to construct an access road in East Dublin.
In the agreement, the City of Dublin agreed to credit the Surplus Property Authority for the value of the right-
of-way, plus accrued interest at 7.48%. The interest began to accrue as of August 22, 1994 when the City of
Dublin accepted a quit claim deed for the property. The value of the credit as of July 1, 1997 was $553,550,
of which the entire amount was used as credit in Fiscal Year 1997/98.
Alameda County Surplus Property Authority Development Agreement
In January 1995, the City of Dublin entered into an agreement separate from the agreement discussed in Note
6 of long-term obligations with the Alameda County Surplus Property Authority. The agreement requires the
Authority to install certain oversized improvements adjacent to the commercial center project. In exchange
for the improvements, the City agreed to provide future credits towards development impact fees to be
collected from the Authority.
The estimated value of the improvements to be installed by the Authority total $3,646,411. As of June 30,
1998, the Authority was nearing completion of the construction. The amounts due to the County Surplus
Property Authority are only payable from the collection of future development impact fees. The amounts due
are not recorded as indebtedness since the payments are contingent upon the collection of development
impact fees from development growth which has not yet occurred.
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CITY OF DUBLIN
Notes to General Purpose Financial Statements
NOTE 11 - COMMITMENT AND CONTINGENT LIABILITIES (Continued)
Santa Rita Business Center Agreement
The Alameda County Surplus Property Authority entered into an agreement with Opus Southwest to develop
a 400,000 square foot office/industrial project on approximately 25 acres in the City of Dublin. As required
by the Eastern Dublin Specific Plan a development agreement was entered into with the City of Dublin. The
City agreed to grant to the Surplus Property Authority Traffic Impact Fee credits in the event that certain road
improvements, which the developer would not otherwise have to build, were constructed. The agreement
provides that the value of the credits shall not increase for inflation nor shall interest accrue on the amount of
the credit. Further limitations were placed on the County as to the amount of credits which can be applied
towards this specific project. The credits may only be applied towards Category 1 portion of the Traffic
Improvement Fee. Any unused credits may be used by the Authority on future projects located elsewhere on
their property. The value of the credits as of June 30, 1998 is $3,867,593 after a total of $486,862 being used
as credits during Fiscal Year 1997/98. The accounting for amounts due are not recorded as indebtedness
since the payments are contingent upon the collection of the development fees from development growth
which has not yet occurred.
NOTE 12 - PRIOR PERIOD ADJUSTMENT
A. Implementation ofGASB 31
During the year ended June 30, 1998, the City implemented Governmental Accounting Standards Board
Statement Number 31, "Accounting and Financial Reporting for Certain Investments and for External
Investment Pools". As a result of the implementation, investment carrying values were decreased by $88,855
in the General Fund and were recorded to fund balance.
B. Dougherty Regional Fire Authority Dissolution
The City also posted an adjustment of $170,992 for revenues received from the dissolution of the Dougherty
Regional Fire Authority, which related to a prior fiscal year and were recorded to fund balance.
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COMBllaNGFUNDSTATEMENTSANDSCHEDULES
~~
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CITY OF DUBLIN
GENERAL FUND
The General Fund is used to account for all financial resources except those required to be accounted for in
another fund.
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CITY OF DUBLIN
GENERAL FUND
COMPARATIVE BALANCE SHEETS
JUNE 30, 1998 AND 1997
ASSETS
Cash and investments
Receivable:
Accounts
Accrued interest
Due from other governments
Due from other funds
Advances to other funds
Prepaids
Total Assets
LIABILITIES
Accounts payable
Accrued wages
Accumulated unpaid general leave
Deposits payable
Liability insurance claims payable
Deferred revenues
Total Liabilities
FUND BALANCE
Fund balances reserved for:
Investments held to maturity
Prepaids
Advances to other funds
Fund balances unreserved, designated for:
Cemetery endowment
Economic uncertainty
Authorized expenditures
Total Fund Balance
Total Liabilities and Fund Balance
1998 1997
$27,168,133 $24,415,402
822,946 824,524
468,979 313,130
54,497 54,564
254,418 79,259
248,048 289,272
8.262 4,060
$29,025283 $25,980.211
1,636,429 1,703,023
67,915 78,898
197,958 170,253
636,431 485,126
137,210 137,210
165,501 169,904
2,841.444 2,744,414
9,723,184 16,490,995
8,262 4,060
248,048 289,272
60,000 60,000
1,369,133 1,369,133
14.775.212 5,022,337
26,183,839 23,235,797
$29.025.283 $25,980.211
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CITY OF DUBLIN I
GENERAL FUND I
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1998 I
WITH COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED JUNE 30, 1997
1998 1997 I
Variance
Favorable
Budget Actual (Unfavorable ) Actual
REVENUES I
Property taxes $4,286,000 $4,351,858 $65,858 $3,920,897
Taxes other than property 8,373,700 9,322,899 949,199 8,237,052
Licenses and permits 1,043,350 1,398,677 355,327 1,092,183
Intergovernmental 1,160,620 1,233,812 73,192 1,151,275 I
Charges for services 2,334,737 2,483,861 149,124 1,386,419
Interest 1,340,000 1,485,720 145,720 1,310,461
Use of property 88,450 70,461 (17,989) 78,488 I
Fines and forfeitures 33,200 40,421 7,221 38,492
Other revenue 457.489 507,052 49,563 223.207
Total Revenues 19,117,546 20.894.761 1.777,215 17.438.474 I
EXPENDITURES
Current: I
General government 3,446,525 3,254,991 191,534 3,188,503
Public safety 8,225,382 8,204,545 20,837 6,723.853
Highways and streets 667,372 650,708 16,664 629,263
Health and welfare 17,320 17,039 281 15,596 I
Community development 2,793,524 2,761,132 32,392 1,838.558
Culture and leisure 2,246,415 2,168,993 77,422 2,000,561
Capital outlay 1.461.619 987,200 474,419 1.033,057
Total Expenditures 18.858,157 18.044.608 813.549 15.429.391 I
REVENUES OVER (UNDER) EXPENDITURES 259,389 2,850,153 2,590,764 2,009.083 I
OTHER FINANCING SOURCES (USES)
Operating transfers in 126,450 24,137 (102,313) 5,078
Operating transfers out (8.385 ) (8.385) (4.211) I
Total Other Financing Sources (Uses) 126,450 15.752 110,698 867
REVENUES AND OTIffiR FINANCING I
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES $385.839 2,865,905 $2.480.066 2,009,950
Fund Balance, Beginning of Year 23,235,797 21,225,847 I
Prior Period Adjustment 82,137
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Fund Balance, End of Year $26,183.839 $23,235.797
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CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL
REVENUES BY SOURCE
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
1998
Variance
Favorable
Budget Actual (Unfavorable)
Property Taxes
Current Year Secured $ 3,605,000 $ 3,649,894 $ 44,894
Current Year Unsecured 346,800 379,061 32,261
Prior Year Secured 135,900 104,645 (31,255)
Prior Year Unsecured 17,300 18,708 1,408
Supplemental Property Tax 100,000 106,II I 6,1 II
Pilot Tax 42,000 42,649 649
Property Tax Penalties 39,000 50,790 11,790
Total Property Taxes 4,286,000 4,351,858 65,858
Taxes Other Than Property
Sales & Use Tax 7,150,000 8,025,447 875,447
Real Property Transfer Tax 196,700 231.331 34,631
Hotel Transient Occupancy Tax 281,000 306,3 I 8 25,318
Franchise Taxes 746,000 759,803 13,803
Total Taxes Other Than Property 8,373,700 9,322,899 949,199
Licenses and Permits
Building Permits 915,000 1,259,145 344,145
Fire Permits 24,250 19,645 (4,605)
Animal Licenses 4,500 4,599 99
Encroachment Permits 17,000 33,561 16,561
Business License 82,600 81,727 (873)
Total Licenses and Permits 1,043,350 1,398,677 355,327
Fines and Forfeitures
Parking Fines 22,000 26,518 4,518
Other Court Fines 9,500 II,924 2,424
Other Fines & Penalties 1,700 1,979 279
Total Fines and Forfeitures 33,200 40,421 7,221
Revenue From Use of Money and Property
Investment income & interest 1,340,000 1,485,720 145,720
Rents & Concession:
Sports Facilities 24,000 12,940 (11,060)
Building 49,350 45,514 (3,836)
Pool 10,100 8,547 (1,553)
Heritage Center 5,000 3,460 (1,540)
Total Revenue From Use of Money and Property 1,428,450 1,556,181 127,731
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CITY OF DUBLIN
GENERAL FUND I
SCHEDULE OF BUDGET VERSUS ACTUAL
REVENUES BY SOURCE
FOR THE FlSCAL YEAR ENDED JUNE 30, 1998 I
1998
Variance I
Favorable
Budget Actual (Unfavorable)
Intergovernmental Revenues - State
Motor Vehicle In-Lieu Tax 1,079,000 1,150,380 71,380 I
Off Highway Vehicle In-Lieu Fee 420 415 (5)
Homeowner's Property Tax Relief 81,200 83,017 1,817
Total Intergovernmental Revenues - State 1,160,620 1,233,812 73,192 I
Zoning & Subdivision Fees $ 456,500 $ 477,987 $ 21,487
Plan Check & Inspection Fees 986,379 1,116,682 130,303
Fire Plan Chk & Insp Fees 64,000 18,435 (45,565) I
Sale of Maps & Documents 8,000 10,173 2,173
Special Police Services 14,000 17,739 3,739
Fire Service Charges 93,500 151,112 57,612 I
Park & Recreation Fees'
Recreation Instruction 120,000 151,722 31,722
Preschool 46,500 48,045 1,545 I
Special Events 47,890 46,242 (1,648)
Playgrounds 110,750 90,130 (20,620)
Teens 11,000 6,687 (4,313) I
Adult Sports 57,500 49,604 (7,896)
Aquatics 97,400 97,135 (265)
Seniors 30,800 24,200 (6,600) I
Youth Sports 45,660 36,145 (9,515)
Heritage Center 3,000 1,339 (1,661)
Building Use Insurance 3,428 3,853 425
Zone 7 Drainage Fees 3,400 2,873 (527) I
DOl Program 2,500 483 (2,017)
Booking Fees Recovery 5,000 5,777 777
Solid Waste Fee 60,000 62,152 2,152 I
Interment Fees 5,430 4,155 (1,275)
Annexation Services 62,100 61,191 (909)
Total Charges for Service 2,334,737 2,483,861 149,124 I
Other Revenues
Sale of Real & Personal Property 264,000 276,098 12,098
Contributions 14,369 16,742 2,373 I
Miscellaneous 123,285 139,854 16,569
Reimbursement 50,135 68,779 18,644
Reimbursement-Public Damage 5,700 5,579 (121) I
Total Other Revenues 457,489 507,052 49,563
Total Revenues by Source $ 19.117,546 $ 20,894,761 $ 1,777,215 I
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CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL
DEPARTMENTAL EXPENDITURES
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
1998
General Government Budget Actual
City Council $140,601 $120,445
City Manager 334,487 316,767
City Attorney 234,794 220,439
Administrative services 647,675 623,479
Building management 315,955 315,482
Insurance cost center 164,080 164,080
Elections cost center 766 650
Nondepartmental 8,248 301
Civic Center Debt Service L599.919 1.493.348
Total General Governmental 3.446.525 3.254.991
Public Safety
Police 4,313,329 4,313,328
Crossing guards 49,048 48,728
Animal control 200,124 191,931
Disaster preparedness 34.030 22,300
Fire Services 3.628.851 3.628.258
Total Public Safety 8.225.382 8.204.545
Highways and streets
Public works administration 366.732 355.586
Street maintenance 55,770 55,741
Street tree maintenance 47,700 43,164
Street landscape maintenance 197.170 196.217
Total Highways and Streets 667.372 650.708
Health and welfare
Waste management 5,320 5,039
Child care 12.000 12.000
Total Health and Welfare 17 ,320 17 .039
Community development
P]anning/Building safety 1,452,657 1,420,266
Engineering 1,186,463 1,186,463
Economic development 154,404 154,403
Total Community Development 2,793.524 2,761,132
Culture and leisure
Library services 216,997 216,997
Cultural activities 10.000 10,000
Heritage Center 58,180 53,874
Cemetery operations 36,932 36,932
Park maintenance 596,005 551,611
Community cable television 37,051 36,347
Parks and community services 1.291.250 1.263,232
Total Culture and Leisure 2.246,4]5 2.1 68,993
Capital Outlay
Community improvements 72,699 62,322
General improvements 595,750 4]2,250
Parks ]92,189 ]46,394
Street construction and improvements 600,98] 366.234
Total Capital Outlay 1.461.619 987.200
Total Expenditures $18.858.157 $18.044.608
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Variance
Favorable
(Unfavorable)
$20,156
17,720
]4,355
24,196
473
116
7,947
106.571
19L534
1
320
8,193
11,730
593
20.837
]1,]46
29
4,536
953
16,664
281
281
32,391
1
32.392
4,306
44,394
704
28.018
77,422
10,377
183,500
45,795
234,747
474,419
$813.549
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CITY OF DUBLIN
SPECIAL REVENUE FUNDS
Special Criminal Activity Fund - Established to account for receipt of funds derived from asset forfeitures.
Vehicle Abatement Fund - Established to account for the use of funds received from vehicle registration of
Dublin residents for the towing of abandoned vehicles in city limits.
Supplemental Law Enforcement - Established to account for police expenditures funded by a State grant.
Federal Police Grant - Established to account for police expenditures funded by a Federal grant.
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.
Community Development Block Grant Fund - Used to account for grants and expenditures related to the
community development block grants.
Intermodal Surface Transportation Efficiency Act Fund - Established to account for receipt of Federal Aid
Urban Highway grants.
FEMA Fund - Established to account for expenditures funded with FEMA grants.
Park Dedication Fund - Established to account for park dedication fees received in lieu of property from
developers pursuant to the Quimby Act.
Measure AA Fund - Established to account for park projects funded with Measure AA grants.
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.
SB300 Grant Fund - Established to account for grant receipts from the State used for capital improvements on
local streets.
Measure D Recycling Fund - Established to account for the use of funds received which are levied by the
County pursuant to a charter amendment and are provided for recycling and related activities.
Garbage Service Fund - Established to account for the use of funds received which are levied by the county for
garbage pick-up and removal and recycling services.
Storm Water Runoff Fund - Established to account for the use of funds received from fees collected to mitigate
pollution within the City without specific sources and to comply with Federal requirements for National
Pollution Discharge Elimination System (NPDES).
Transportation Development Act Fund - Established to account for Transportation Development Act grant
receipts and constructions expenditures for bike paths and access ramps for the handicapped.
EMS Tax Fund - Established to account for excise taxes received to fund the costs of providing Emergency
Medical Services.
Maintenance Assessment Districts - Established to account for revenue and related expenditures of lighting and
landscape activities.
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CITY OF DUBLIN
SPECIAL REVENUE FUNDS
COMBuaNG BALANCE SHEET
JUNE 30, 1998
WITH COMPARATIVE AMOUNTS FOR JUNE 30, 1997
Special Supplemental Federal Community
Criminal Vehicle Law Police Traffic State Development
Activity Abatement Enforcement Grant Safety Gas Tax Block Grant
ASSETS
Cash and investments $2,576 $39,023 $396 $464 $1,479 $968,921
Receivable:
Accounts $73,221
Due from other governments 14,356 2,967
Total Assets $2.576 $39,023 $396 $14,820 $4.446 $968.921 $73.221
LIABILmES
Accounts payable 295 115,760
Deferred revenue
Due to other funds 73.221
Total liabilities 295 115.760 73.221
FUND BALANCE
Fund balances
Reserved for non residential programs
Unreserved
Designated for authorized expenditures 2.576 39,023 396 14,525 4,446 853,161
Undesignated
Total Fund Balance 2.576 39.023 396 14,525 4.446 853.161
Total Liabilities and Fund Balance $2.576 $39.023 $396 $14.820 $4.446 $968.92 I $73.221
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I IntermodaJ Sales Tax Storm
Surface Park Measure SB 300 Measure D Garbage Water
Transoortation Act FEMA Dedication B Grant Recvcling Service Runoff
I 51,102 5518,035 5108,464 5233,805 $14,526 $44,529
$52,901 6,369 1,259
I $106,323 16,772
5106.323 517.874 $518.035 5108.464 552.901 5233.805 520.895 545.788
I
I 9,302 1,881 12,570 7,545 477 7,414
3,548
97.021 14.326 45.356
I 106.323 17.874 1.881 12.570 52.901 477 7.414
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55,940
I 516,154 95,894 177,388 20,895 38,374
I 516.154 95.894 233.328 20.895 38.374
$106.323 5518.035 520.895 545.788
517.874 $108.46-1. 552.901 5233.805
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(Continued)
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Transportation I
Development Act EMS Tax I
$28,902
$24,494 592 I
4,860
$24,494 $34,354 I
34,354 I
24,494 I
24,494 34.3 54
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CITY OF DUBLIN
SPECIAL REVENUE FUNDS
COMBINING BALANCE SHEET (Continued)
JUNE 30, 1998
WITH COMPARATIVE AMOUNTS FOR JUNE 30, 1997
ASSETS
Cash and investments
Receivable;
Accounts
Due from other governments
Total Assets
LIABILmES
Accounts payable
Deferred revenue
Due to other funds
Total liabilities
FUND BALANCE
Fund balances
Reserved for non residential programs
Unreserved
Designated for authorized expenditures
Undesignated
Total Fund Balance
Total Liabilities and Fund Balance
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MAINTENANCE DISTRICTS
San Ramon Dougherty
Road Specific Street Stagecoach Landscape TOTALS
Plan Lighting Landscape & Lighting Santa Rita 1998 1997
$1,178 $119,934 $49,629 $112,637 $26,485 $2,272,085 $2,145,424
1,731 343 127 36 161,073 85,214
145,278 94,673
$1.178 $121.665 $49.972 $112.764 $26.521 $2.578.436 $2.325.311
239
17,556
7,226
238,985
3,548
254.418
496.951
401,452
3,548
79,259
484,259
24,366
239
17.556
7.226
24.366
939
55,940
2,025,545
24,550
1,816,502
104,109
42,746
88,398
26.521
939
104.109
$121.665
42.746
$49.972
2.081.485
88.398
26.521
1,841.052
$2.325.311
$1,178
$112.764
$26.521
$2.578,436
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CITY OF DUBLIN I
SPECIAL REVENUE FUNDS I
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE I
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
WITH COMPARATIVE AMOUNTS FOR THE YEAR ENDED JUNE 30, 1997
Special Supplemental Federal Community I
Criminal Vehicle Law Police Traffic State Development
REVENUES Activity Abatement Enforcement Grant Safety Gas Tax Block Grant
Taxes other than property
Intergovernmental $6,325 $61,394 $14,356 $505,634 $84,661 I
Charges for services
Interest $188 2,lll 2,122 169 50,732
Fines and forfeitures $30,596 I
Developer fees
Other revenues 1,619
Special assessments
Total Revenues 1.807 8.436 63.516 14.525 30,596 556.366 84.661 I
EXPENDITURES
Current:
Public safety
Police 3,252 69,808 14,294 I
Emergency medical
Traffic signals and street lights 26,150 53,921
Highways and streets
Public works administration I
Street tree maintenance
Street sweeping
Street landscaping maintenance
Street maintenance 232,976 I
Health and welfare - Waste management
Health and welfare - Senior support 7,044
Culture and leisure - Park maintenance
Community development - Engineering 6,000 I
Capital outlay
Community improvements 170,380 63,232
Parks 8,708 II
Street projects 75.228
Total Expenditures 3.252 69.808 14.294 26.150 538,505 78.984
REVENUES OVER (UNDER)
EXPENDITURES 1.807 5,184 (6,292) 231 4.446 17.861 5,677 I
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out (3.791) (5.677)
Total Other Financing I
Sources (Uses) (3.791) (5,677)
REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES 1,807 1,393 (6,292) 231 4,446 17,861 I
Fund Balance, Beginning of Year 769 37,630 6.688 14.294 835.300
Fund Balance, End of Year $2.576 $39.023 $396 $14.525 $4.446 $853.161 $ I
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I Intermodal Sales Tax Storm
Surface Park Measure SB 300 Measure D Garbage Water
Transportation Act FEMA Dedication B Grant Recycling Service Runoff
$166,074
I $21,940 $15,928 $52,901 $138,164
$627,142 588,112
$17,378 6,409 10,650 5,605 4,004
I 230,620
12,403
21.940 15.928 247.998 172.483 52.901 161.217 632.747 92.116
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'1 78.540
I 12,324 4,495
81,681 659,215
3,604
I 50,397
83,975 1,631
I 21.940 113.494 52.901
21. 940 15.928 83.975 113.494 52.901 83.312 659.215 133.432
164.023 58.989 77.905 (26.468) (41.316)
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I 164,023 58,989 77,905 (26,468) (41,316)
352.131 36.905 155.423 47.363 79.690
I $ $ $516.154 $95.894 $ $233.328 $20.895 $38.374
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(Continued)
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I
CITY OF DUBLIN
I
SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE (Continued)
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
WITH COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED JUNE 30,1997
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REVENUES
Taxes other than property
Intergovernmental
Charges for services
Interest
Fines and forfeitures
Developer fees
Other revenues
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Police
Emergency medical
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street sweeping
Street landscaping maintenance
Street maintenance
Health and welfare - Waste management
Health and welfare - Senior support
Culture and leisure - Park maintenance
Community development - Engineering
Capital outlay
Community improvements
Parks
Street projects
Total Expenditures
REVENUES OVER (UNDER)
EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out
Total Other Financing
Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDrnJRES
AND OTHER FINANCING USES
Transportation
Development Act
I
EMS TAX
$74,722
226
I
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$24,494
4,860
24.494
79.808
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79,808
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t
79.808
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1,119
23.375
24.494
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Fund Balance. Beginning of Year
Fund Balance, End of Year
$
$
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CITY OF DUBLIN I
BUDGETED SPECIAL REVENUE FUNDS I
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL I
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
Special Criminal Activity Vehicle Abatement I
Variance Variance
Favorable Favorable
REVENUES Budget Actual (Unfavorable) Budget Actual (Unfavorable)
Taxes other than property I
Intergovernmental $7,000 $6,325 $(675)
Charges for services
Interest $100 $188 $88 1,700 2,111 411
Fines and forfeitures I
Developer fees
Other revenues $2,000 1,619 (381)
Special assessments
Total Revenues 2.100 1.807 (293) 8.700 8,436 (264) I
EXPENDITURES
Current:
Public safety I
Police 9,928 3,252 6,676
Emergency medical
Traffic signals and street lights
Highways and streets I
Public works administration
Street tree maintenance
Street sweeping
Street landscaping maintenance I
Street maintenance
Health and welfare - Waste management
Health and welfare - Senior support
Culture and leisure - Park maintenance I
Community development - Engineering
Capital outlay
Community improvements
Parks I
Street projects
Total Expenditures 9.928 3.252 6,676
REVENUES OVER (UNDER) I
EXPENDITURES 2.100 1.807 (293 ) 0.228) 5.184 6.412
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out (3.791) (3.791) I
Total Other Financing
Sources (Uses) (3.791) (3.791)
REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES I
AND OTHER FINANCING USES $2.1 00 1,807 $(293) $(1.228) 1,393 $2.621
Fund Balance, Beginning of Year 769 37.630
Fund Balance, End of Year $2.576 $39.023 I
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Supplemental Law Enforcement Federal Police Grant Traffic Safety
I Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
I $61,219 $61,394 $175 $14,356 $14,356
1,750 2,122 372 169 $169
I $25,000 $30,596 $5,596
t 62.969 63.516 547 14.356 14.525 169 25.000 30.596 5.596
I 69,918 69,808 110 14,294 14,294
26.150 26.150
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I 69.918 69.808 110 14.294 14.294 26.150 26.150
I (6.949) (6.292) 657 62 231 169 (U50) 4.446 5.596
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I $( 6. 949) (6,292) $657 $62 231 $169 $(1.150) 4,446 $5.596
6.688 14.294
I $396 $14.525 $4.446
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(Continued)
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CITY OF DUBLIN I
BUDGETED SPECIAL REVENUE FUNDS I
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE (Continued) I
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
State Gas Tax Community Development Block Grant I
Variance Variance
Favorable Favorable
REVENUES Budget Actual (Unfavorable ) Budget Actual (Unfavorable)
Taxes other than property I
Intergovernmental $497,800 $505,634 $7,834 $87,233 $84,661 $(2,572)
Charges for services
Interest 41,380 50,732 9,352 I
Fines and forfeitures
Developer fees
Other revenues
Special assessments I
Total Revenues 539.180 556.366 17,186 87.233 84.661 (2.572)
EXPENDITURES
Current:
Public safety I
Police
Emergency medical
Traffic signals and street lights 82,000 53,921 28,079
Highways and streets I
Public works administration
Street tree maintenance
Street sweeping
Street landscaping maintenance I
Street maintenance 232,977 232,976
Health and welfare - Waste management
Health and welfare - Senior support 7,045 7,044
Culture and leisure - Park maintenance I
Community development - Engineering 6,000 6,000
Capital outlay
Community improvements 191,464 170,380 21,084 65,247 63,232 2,015
Parks 8,709 8,708 1 I
Street projects 110.170 75,228 34.942
Total Expenditures 622.611 538,505 84.106 8LOOl 78.984 2.016
REVENUES OVER (UNDER) I
EXPENDITURES (83,431) 17.861 101292 6.232 5.677 555
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out (6.600) (5.677) 923 I
Total Other Financing
Sources (Uses) (6,600) (5.677) 923
REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES I
AND OTHER FINANCING USES $(83.431 ) 17,861 $101292 $(368) $368
Fund Balance, Beginning of Year 835,300
Fund Balance, End of Year $853.161 $ I
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Intermodal Surface Transportation Act FEMA Park Dedication
I Variance Variance Variance
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable ) Budget Actual (Unfavorable)
I $351,300 $21,940 $(329,360) $27,928 $15,928 $(12,000)
$20,950 $17,378 $(3,572)
I 216,000 230,620 14,620
I 351.300 21.940 (329.360) 27.928 15.928 (12.000) 236.950 247.998 II. 048
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I 12,325 12,324
I 3,604 3,604
I 163,761 83,975 79,786
--=151.300 21. 940 329.360
351.300 21.940 329.360 15.929 15.928 163.761 83.975 79.786
I 11.999 (11.999) 73.1 89 164.023 90.834
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352.131
I $ $ $516.154
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(Continued)
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CITY OF DUBLIN
BUDGETED SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE (Continued)
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
REVENUES
Taxes other than property
Intergovernmental
Charges for services
Interest
Fines and forfeitures
Developer fees
Other revenues
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Police
Emergency medical
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street sweeping
Street landscaping maintenance
Street maintenance
Health and welfare - Waste management
Health and welfare - Senior support
Culture and leisure - Park maintenance
Community development - Engineering
Capital outlay
Community improvements
Parks
Street projects
Total Expenditures
REVENUES OVER (UNDER)
EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out
Total Other Financing
Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER EXPENDITURES AND
OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
-60-
Sales Tax Measure B
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Variance
Favorable
(Unfavorable)
$6,774
I
Budget
$159,300
159.300
222.595
222,595
(63,295)
$(63.295)
Actual
$166,074
172.483
113.494
113,494
58.989
58,989
36.905
$95.894
6,409 6,409
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13.183
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109.101
109.101
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122.284
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$122.284
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SB 300 Grant Measure D Recycling Garbage Service
I Variable Variable Variable
Favorable Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable) Budget Actual (Unfavorable)
I $60,000 $52,901 $(7,099) $137,000 $138,164 $1,164
$652,860 $627,142 $(25,718)
8,080 10,650 2,570 1,600 5,605 4,005
I 12,403 12,403
I 60.000 52.901 (7.099) 145.080 161.217 16.137 654.460 632.747 (21.713)
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I 126,650 81,681 44,969 681.516 659,215 22.301
I
I 1,631 1,631
60.000 52.901 7.099
60.000 52.901 7.099 128.281 83.312 44.969 681.516 659.215 22.301
I 16.799 77.905 61.106 (27.056) (26.468) 588
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I $ $ $16.799 77,905 $61.106 $(27.056) (26,468) $588
47.363
155.423
I $ $233.328 $20.895
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CITY OF DUBLIN I
BUDGETED SPECIAL REVENUE FUNDS I
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE (Continued) I
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
Storm Water Runoff Transportation Development Act I
Variance Variance
Favorable Favorable
REVENUES Budget Actual (Unfavorable ) Budget Actual (Unfavorable)
Taxes other than property I
Intergovernmental $114,840 $24,494 $(90,346)
Charges for services $86,140 $88,112 $1,972
Interest 3,000 4,004 1,004
Fines and forfeitures I
Developer fees
Other revenues
Special assessments I
Total Revenues 89,140 92,116 2,976 114,840 24.494 (90,346)
EXPENDITURES
Current:
Public safety I
Police
Emergency medical
Traffic signals and street lights
Highways and streets I
Public works administration
Street tree maintenance
Street sweeping 80,600 78,540 2,060
Street landscaping maintenance I
Street maintenance 4,900 4,495 405
Health and welfare - Waste management
Health and welfare - Senior support
Culture and leisure - Park maintenance I
Community development - Engineering 82,120 50,397 31,723
Capital outlay
Community improvements
Parks 47,000 1,119 45,881 I
Street projects 67 ,840 23.375 44.465
Total Expenditures 167,620 133.432 34.188 114.840 24.494 90.346
REVENUES OVER (UNDER) I
EXPENDITURES (78,480) (41,316) 37,164
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out I
Total Other Financing
Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES (UNDER) OVER EXPENDITURES I
AND OTHER FINANCING USES $(78.480) (41,316) $37.164 $ $
Fund Balance, Beginning of Year 79,690
Fund Balance, End of Year $38.374 $ I
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EMS Tax San Ramon Road Specific Plan
I Variance Variance
Favorable Favorable
Budget Actual (Unfavorable ) Budget Actual (Unfavorable)
I $71,500 $74,722 $3,222
226 226 $295 $159 $(136)
I 4,460 4,860 400
I 75.960 79.808 3.848 295 159 (136)
I 79,809 79,808
4,410 2,849 1,561
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I 2.924 2.924
79.809 79.808 7.334 5.773 1.561
I (3.849) 3.849 (7.039) (5.614) 1.425
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I $(3.849) $3.849 $(7.039) (5,614) $1.425
6.553
I $ $939
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(Continued)
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CITY OF DUBLIN I
BUDGETED SPECIAL REVENUE FUNDS I
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE (Continued) I
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
Street Lighting Stagecoach Landscape I
Variance Variance
Favorable Favorable
REVENUES Budget Actual (Unfavorable ) Budget Actual (Unfavorable ) I
Taxes other than property
Intergovernmental
Charges for services
Interest $5,750 $6,805 $1,055 $1,600 $1,977 $377 I
Fines and forfeitures
Developer fees
Other revenues 2,000 2,026 26
Special assessments 137,494 141.279 3.785 56.909 55.214 (1,695) I
Total Revenues 145.244 150,110 4.866 58.509 57.191 0,318)
EXPENDITURES
Current:
Public safety I
Police
Emergency medical
Traffic signals and street lights 117,295 112,003 5,292
Highways and streets I
Public works administration 3,420 3,420 100 53 47
Street tree maintenance 2,080 597 1,483
Street sweeping
Street landscaping maintenance 49,610 38,942 10,668 I
Street maintenance
Health and welfare - Waste management
Health and welfare - Senior support I
Culture and leisure - Park maintenance
Community development - Engineering 2,100 1,765 335 600 475 125
Capital outlay
Community improvements I
Parks
Street projects 53,831 53.830 I
Total Expenditures 176.646 171.018 5,628 52.390 40,067 12,323
REVENUES OVER (UNDER) I
EXPENDITURES (31,402) (20,908) 10.494 6,119 17.124 11.005
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out I
Total Other Financing
Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES I
AND OTHER FINANCING USES $(31.402) (20,908) $10.494 $6,119 17,124 $11.005
Fund Balance, Beginning of Year 125.017 25,622
Fund Balance, End of Year $104.109 $42,746 I
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Ii Doughertv Landscape & Lighting Santa Rita
Variance Variance
Favorable Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
I
$5,750 $5,949 $199 $210 $210
I
54.064 52.739 ( 1.325) $25.940 27,114 1.174
I 59.814 58.688 (1.126) 25.940 27.324 1.384
I
I 100 53 47 100 53 47
5,980 3,488 2,492 3,350 3,350
I 68,670 64,641 4,029 21,140 21,140
I 600 475 125 1,350 750 600
24,000 19,300 4,700
I 99.350 87.957 11.393 25.940 803 25.137
I (39.536) (29.269) 10.267 26.52 I 26.521
I
I $(39.536) (29,269) $10.267 $ 26.52 I $26.52 I
117.667
I $88.398 $26.521
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(Continued)
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CITY OF DUBLIN
BUDGETED SPECIAL REVENUE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE (Continued)
BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
REVENUES
Taxes other than property
Intergovernmental
Charges for services
Interest
Fines and forfeitures
Developer fees
Other revenues
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Police
Emergency medical
Traffic signals and street lights
Highways and streets
Public works administration
Street tree maintenance
Street sweeping
Street landscaping maintenance
Street maintenance
Health and welfare - Waste management
Health and welfare - Senior support
Culture and leisure - Park maintenance
Community development - Engineering
Capital outlay
Community improvements
Parks
Street projects
Total Expenditures
REVENUES OVER (UNDER)
EXPENDITURES
OTHER FINANCING SOURCES (USES)
Operating transfers in
Operating transfers out
Total Other Financing
Sources (Uses)
REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES
Fund Balance, Beginning of Year
Fund Balance, End of Year
-67-
Total
Budget
$230,800
1,358,676
739,000
91,955
25,000
216,000
8,460
274,407
2,944,298
Variance
Favorable
(Unfavorable)
$9,996
(432,879)
(23,746)
22,739
5,596
14,620
12,448
1,939
(389,287)
Actual
$240,796
925,797
715,254
114,694
30,596
230,620
20,908
276,346
2,555,011
94,140 87,354 6,786
79,809 79,808 1
229,855 194,923 34,932
3,720 3,579 141
11,410 4,085 7,325
80,600 78,540 2,060
139,420 103,583 35,837
250,202 249,795 407
808,166 740,896 67,270
7,045 7,044 1
3,604 3,604
92,770 59,862 32,908
280,711 252,912 27,799
221,101 95,433 125,668
868,660 343,692 524,968
3,171,213 2,305,110 866,103
(226,915) 249,901 476,816
(6,600) (9 ,468) (2,868)
(6,600) (9,468) (2,868)
$(233,515) 240,433 $473,948
L841,052
$2,081,485
CITY OF DUBLIN
I
SPECIAL REVENUE FUNDS
COMBINING SCHEDULE OF CAPITAL OUTLAY
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
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Community Intennodal
State Development Surface Park
Gas Tax Block Grant Transportation Act Dedication
CAPITAL OUTLAY
Community Improvements
Silvergate median landscape $73,086
San Ramon Road landscape repair 59,080
1-580 Beautification 38,214
Arroyo Vista projects $63,232
Dougherty fence painting
Total Community Improvements 170,380 63.232
Parks
Mape Memorial Park projects 8,708 $18,855
Heritage Center improvements 7,460
Heritage Center parking lot 57,660
Total Parks 8.708 83,975
Street Projects
Dougherty Rd improvements north of Houston Place 65,759 $21,940
LED traffic signal conversion
Traffic signal coordination 9,469
Annual street overlay program
Underground utility district - street lighting
Almo bike path project
Dublin Blvd improvements San Ramon Rd
Street light acquisition
Total Street Projects 75,228 21,940
Total Capital Outlay $245,608 $71.940 $21.940 $83,975
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Sales Tax
Measure
B
MAINTENANCE DISTRICT
San Ramon Dougherty
Road Specific Street Landscaping
Plan Lighting & Lighting
Transportation
Development
Act
sa 300
Grant
Measure D
Recycling
Total
$73,086
59,080
38.214
63,232
$19.300 19.300
19.300 252,912
$1,631 $1,119 30,313
7,460
57,660
1,631 1,119 95,433
87,699
$2,924 2,924
9,469
$113,494 $22,221 135,715
$7,815 7,815
$23,375 23,375
30,680 30,680
46,015 46,015
113,494 52,901 23.375 2.924 53,830 343.692
$113,494 $52.901 $1.631 $24,494 $2,924 $53,830 $19.300 $692.037
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CITY OF DUBLIN
CAPITAL PROJECTS FUNDS
Traffic Impact Fee - To account for impact fees received from developers of properties, which can only be sued
for the design, development, and construction of street projects within the City.
Public Facilities Fee - To account for impact fees received from developers of properties, which can only be
used for the design, development, and construction of new public facilities within the City.
Fire Impact Fee fund - To account for impact fees received from developers of properties, which can only be
used for the design, development and construction of fire capital expansion project within the City.
Housing and Noise Mitigation - To account for impact fees received from developers of properties, which only
can be used for the design, development, and construction of citywide affordable housing projects and noise
mitigation projects in Eastern Dublin.
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CITY OF DUBLIN
CAPITAL PROJECT FUNDS
COMBINING BALANCE SHEET
JUNE 30, 1998
WITH COMPARATIVE AMOUNTS FOR JUNE 30,1997
Traffic Public Fire Housing and
Impact Facilities Impact Noise Totals
ASSETS Fees Fees Fees Mitigation 1998 1997
Cash and investments $2,605,023 $2,625,427 $555,171 $1,041,347 $6,826,968 $1,776,619
Receivable:
Accounts 248.048 248.048 289,272
Total Assets $2,853.071 $2,625,427 $555.171 $1,041.347 $7,075,016 $2,065,891
LIABILITIES
Accounts payable 196,628 196,628 9,424
Deposits payable 2,408,395 2,625,427 555,171 1,041,347 6,630,340 1,782,630
Deferred revenues 248,048 248,048 289,272
Advances from other funds 248,048 248,048 289,272
Total Liabilities 3,101,119 2.625,427 555.171 1.041,347 7,323,064 2,370,598
FUND EQUITY
Undesignated (248,048) (248,048) (304.707)
Total Fund Equity (248,048) (248,048) (304.707)
Total Liabilities and Fund Equity $2.853,071 $2.625,427 $555,171 $1,041.347 $7,075,016 $2,065,891
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CITY OF DUBLIN
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BUDGETED CAPITAL PROJECT FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
WITH COMPARATIVE AMOUNTS FOR THE FISCAL YEAR ENDED JUNE 30, 1997
I
Traffic Impact Fees Public Facilities Fees
Variance Variance
Favorable Favorable
REVENUES Budget Actual (Unfavorable ) Budget Actual (Unfavorable)
Developer fees $2,674,167 $487,716 $(2,186,451) $279,460 $109.060 $(170.400)
EXPENDITURES
Current:
Community development
Capital outlay:
Silvergate median landscaping 19,000 11,365 7,635
Camp Parks affordable housing
Eastern Dublin arterial plan lines 1,769,000 219,240 1,549,760
East Dublin financing plan 75,000 75,000
Alamo Canal bike bath 116,000 116,000
1580 Fallon road freeway interchange 65,000 13,455 51,545
Dougherty RD A VB to Houston Place 12,730 1,343 11,387
1580/680 Direct Connector project 271,637 171,289 100,348
Civic Center Modification Design Services 40,000 22,818 17,182
Emerald Glen Park master plan 87,950 86,242 1,708
Civic park phase I 159,460 159,460
Dublin Blvd improvements to Hansen Dr. 345.800 14.365 331,435
Total expenditures 2.674,167 431.057 2.243.110 287.410 109.060 178.350
REVENUES OVER (UNDER) EXPENDITURES 56.659 56.659 (7 .950) 7,950
OTHER FINANCING SOURCES (USES)
Operating transfers in 27,965 27,965
Operating transfers out (27 ,965) (27 ,965)
Total Other Financing Sources (Uses) 27,965 27,965 (27.965) (27 .965)
REVENUES AND OTHER FINANCING
SOURCES OVER (UNDER) EXPENDITURES
AND OTHER FINANCING USES $ 84,624 $84.624 $(7.950) (27,965) $(20,015)
Fund Balance, Beginning of Year (332.672) 27,965
Fund Balance, End of Year $(248.048) $
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I Fire Impact Fees Housing and Noise Mitigation Totals
Variance Variance Variance
I Favorable Favorable Favorable
Budget Actual (Unfavorable ) Budget Actual (Unfavorable ) Budget Actual (Unfavorable)
$10.785 $10.785 $ $5.000 $7.767 $2.767 $2.969.412 $615.328 $(2.354.084)
I 12,850 3,248 9,602 12,850 3,248 9,602
I 19,000 11,365 7,635
23,063 635 22,428 23,063 635 22,428
1,769,000 219,240 1,549,760
75,000 75,000
I 116,000 116,000
65,000 13,455 51,545
12,730 1,343 11.387
I 271,637 171,289 100.348
40,000 22,818 17,182
87,950 86,242 1,708
159,460 159,460
I 345.800 14.365 331.435
35.913 3.883 32.030 2.997.490 544,000 2.453.490
I 10.785 10.785 (30.913) 3,884 34.797 (28,078) 71.328 99.406
27,965 27,965
I (10.785) (10.785) (5.000) (3.884) 1.116 (15.785) (42.634) (26.849)
(10.785) (10,785) (5.000) (3,884) (1.116) (15.785) (14.669) 1.116
I $ $ $(35.913) $35.913 $(43,863) 56,659 $100.522
I (304.707)
$ $ $(248.048)
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CITY OF DUBLIN
AGENCY FUND
Agency funds are used to account for assets held by the City in a fiduciary capacity for individuals, governmental
entities and others. These funds carry out the specifications of trust indentures, ordinance or other regulations.
Dublin Boulevard Extension Assessment District Fund - To account for the special assessment established to
fund the improvements to Dublin Boulevard.
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CITY OF DUBLIN
AGENCY FUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE FISCAL YEAR ENDED JUNE 30, 1998
Balance Balance
June 30 June 30
1997 Additions Reductions 1998
Dublin Boulevard Extension Assessment District
Cash and investments $173,893 $7,771 $181,664
Restricted cash and investments 136,387 240,093 $232,903 143,577
Total Assets $310,280 $247,864 $232,903 $325.241
Due to bondholders $310,280 $247,864 $232,903 $325,241
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STATISTICAL SECTION
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CITY OF DUBLIN
GOVERNMENTAL EXPENDITURES BY FUNCTION
ALL GOVERNMENTAL FUND TYPES
LAST TEN FISCAL YEARS
General
Governmental
and Facil~ies Facimies Health and Highways and Community Cutture and
Fiscal Year Rents Rents Public Safely Welfare Streets Development Leisure Capital Outlay Total
1988-1989 1,286,201 3,986,097 19,801 941 ,276 1,336,870 1,026,538 3,214,398 11,811,181
1989-1990 509.596 1,537,910 4,672,847 24,580 1,021,641 1,583,504 1,274,861 2,652,683 13.277,622
1990-1991 1,873,861 1,719,820 5,068,755 26.277 1.041,627 1.827,354 1,459,419 3,403,128 16,420,041
1991-1992 1,618,391 1,720,670 5,654,056 29,526 1,025.265 1 ,541 ,207 1,682,262 5,273,041 18,544,418
1992-1993 1,347,055 1,718,970 6,014,989 76,729 998,843 1,409,594 1,733,786 2,697,724 15,997,690
1993-1994 1,389,537 1,532,816 6,001,186 542,698 830,936 1,107,770 1,709,218 1,118,384 14,232,525
1994-1995 1,488,644 1,553,744 6,325,219 696,817 944,564 1,354,796 1,765,990 1,370,902 15,500,876
1995-1996 1,392,265 1,604,480 6,986,737 1,183,933 1,043,009 1,832,754 1,647,110 3,336,607 19,228,895
1996-1997 1,691.724 1,496,816 6,968,912 734,423 1,059,275 1,930,723 2,007,715 2,552,912 18,442,500
1997-1998 1,761,818 1,493,348 8,566,830 764,979 1,090,290 2,824,242 2,172,422 2,219,989 20,893,718
Source: City of Dublin Annual Financial Report
Total Governmental Expenditures
2500000O
200000oo
l! 1500000O
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500000O
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Rscal Years
-84-
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CITY OF DUBLIN
GENERAL GOVERNMENTAL REVENUES BY SOURCE
ALL GOVERNMENTAL FUND TYPES
LAST TEN FISCAL YEARS
Property Licenses and Inter- Charges for Use of Money Fines and Other Special
Fiscal Year Taxes Sales Taxes Other Taxes Permits Governmental Services and Property Forfeitures Revenue Assessments Total
1988-1989 3,238,397 5,473,554 593,711 292,189 2,567,703 738,314 1,183,847 104,641 68,617 262,197 14,523,170
1989-1990 3,453,575 5,562,949 652,752 315,010 1,667,801 1,090,386 1,405,882 91,221 908,784 287,205 15,535,565
1990-1991 3,790,611 5,839,089 682,508 248,116 2,564,553 1,196,484 1,388,351 82,367 383,423 281,428 16,456,930
1991-1992 3,807,251 5,293,709 704,774 246,459 2,489,765 1,085,251 1,125,154 58,501 1,051,625 275,890 16,138,379
1992-1993 3,659,582 5,484,502 842,460 281,921 2,810,875 1,171,564 951,267 50,780 124,493 292,224 15,669,668
1993-1994 3,853,102 5,969,342 752,363 340,995 1,798,037 1,323,196 1,008,044 68,280 354,505 296,266 15,764,150
1994-1995 3,944,284 6,470,287 772,630 337,551 2,375,377 1 ,798,343 1,210,885 60,225 588,272 363,469 17,921,323
1995-1996 3,867,614 6,760,413 1,006,729 466,199 3,674,119 3,596,000 1,376,647 63,123 117,007 318,117 21,245,968
1996-1997 3,920,897 7,108,598 1,280,578 1,092,183 2,091,210 2,789,236 1,505,788 60,999 248,362 243,987 20,341,838
1997-1998 4,351,858 8,025,448 1,538,247 1,398,677 2,159,609 4,045,063 1,670,875 71,017 527,960 276,343 24,065,097
Source: City of Dublin Annual Financial Report
Total Governmental Revenues
3000000o
25000000
20000000
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'0 15000000
Q
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5000000
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Fiscal Years
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CITY OF DUBLIN
ASSESSED VALUE OF TAXABLE PROPERTY
LAST TEN FISCAL YEARS
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Utility State Unsecured
Fiscal Year Secured Property Board Roll Property Total
1988-1989 $ 962,867,790 $ 1,812,200 $ 84,339,466 $ 1,049,019,456
1989-1990 1,086,479,184 1,812,200 94,717,004 1,183,008,388
1990-1991 1,195,196.327 4,536,700 90,697,434 1,290,430,461
1991-1992 1,285,655,755 4,536,700 92,379,123 1,382,571,578
1992-1993 1,344,318,745 4,536,700 92,379,123 1,441,234,568
1993-1994 1,400,427,455 4,536,700 97,399,163 1,502,363,318
1994-1995 1,426,206,284 4,497,120 97,359,845 1,528,063,249
1995-1996 1,434,712,474 4,024,540 94,522,217 1,533,259,231
1996-1997 1,519,119,484 4,028,118 115,801,947 1,638,949,549
1997-1998 1,565,651,517 2,395,606 114,868,090 1,682,915,213
Source: Alameda County Office of the Auditor-Controller
(All figures shown are net of exemptions.)
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. The City annexed approximately 1,530 acres in the eastern part of Dublin in Fiscal Year 1996-1997.
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Total Assessed Value of Taxable Property
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$1,80
$1.60
'iil $1.40
c
:fi1 $1.20
ii5
.s $1,00
I!! $0.80
,$!
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$0,20
$0.00
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Fiscal Years
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CITY OF DUBLIN
PROPERTY TAX RATES
ALL DIRECT AND OVERLAPPING GOVERNMENTS
LAST TEN FISCAL YEARS
Dublin San
Basic County Ramon Alameda Total Rate Per
Wide levy Flood Zone Bay Area East Bay Services County $1000
Fiscal Year ($1/$100) School Districts State Bonds Rapid Transit Parks Bond District library Valuation
1988-1989 1,0000 0.0862 0,0183 0.0372 0.0019 0,0019 1.1455
1989-1990 1.0000 0,0701 0.0198 0.0319 0,0047 0.0020 0,0019 1.1304
1990-1991 1,0000 0.1003 0,0142 0.0250 0.0032 0,0007 0.0013 1.1447
1991-1992 1 .0000 0,0935 0.0133 0,0251 0.0028 0.0010 0,0058 1.1415
1992-1993 1 .0000 0,0878 0,0132 0.0258 0,0074 0.0061 1.1403
1993-1994 1,0000 0.0717 0,0182 0,0240 0,0069 0.0060 1.1268
1994-1995 1,0000 0.0799 0,0166 0.0235 0.0066 0.0057 1.1323
1995-1996 1.0000 0.0648 0.0191 0.0230 0.0094 0.0057 1,1220
1996-1997 1,0000 0.0858 0,0187 0.0225 0,0080 0.0056 1,1406
1997-1998 1.0000 0,0831 0,0178 0.0220 0.0081 0.0049 1.1359
Source: Alameda County Office of The Auditor-Controller
Rates Shown for Tax Code Area 26-001 which in Fiscal Year 1997/98 represents approximately 81 % of total assessed value citywide.
'No longer assessed, bonded debt fully repaid.
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$ 1,682,915,213
$ 54,649,613 I
$1,737,564,826
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$ 260,634,724
0.00% I
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CITY OF DUBLIN
COMPUTATION OF LEGAL DEBT MARGIN
June 30, 1998
Assessed valuation:
Assessed value
Add back exempt real property
Total Assessed Value
Legal debt margin:
Debt limitation - 15 percent of total assessed value
Percent of debt limit authorized and issued
Source: City of Dublin Finance Department
Excludes Certificates of Participation and 1915 Act Bonds since
they are not General Obligation Debt of the City of Dublin,
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CITY OF DUBLIN
COMPUTATION OF DIRECT AND OVERLAPPING DEBT
June 30,1998
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Jurisdiction
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OVERLAPPING TAX AND ASSESSMENT DEBT:
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San Francisco Bay Area Rapid Transit District
Alameda County Flood Control District, Zone #7
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Dublin Joint Unified School District
Murray School District
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East Bay Regional Park District
City of Dublin 1915 Act Bonds
TOTAL OVERLAPPING TAX AND ASSESSMENT DEBT
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DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT:
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Alameda County General Fund Obligations
Alameda County Pension Obligations
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Alameda County Superintendent of Schools Certificates of Participation
Chabot-Las Positas Com'ty College District Certificates of Participation
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Dublin Joint Unified School District Certificates of Participation
City of Dublin Certificates of Participation
TOTAL DIRECT AND OVERLAPPING GENERAL FUND OBLIGATION DEBT
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COMBINED TOTAL DEBT
Ratios to Assessed Valuation:
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Combined Direct Debt ($14,770,000)
Total Overlapping Tax and Assessment Debt.
Combined Total Debt.
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STATE SCHOOL BUILDING AID REPAYABLE AS OF 6/30/98' SO
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Percentage
Applicable to
City of
Dublin
Net Debt
Outstanding
Applicable to
City of Dublin
0.873% $ 359,021
11.989% $ 7,793
99.410% $ 28,581,767
99,410% $ 16,343
1.258% $ 2,411,020
100.000% $ 2,059,000
$ 33,434,944
2,152% $ 13,280,177
2.152% $ 12,238,062
2.152% $ 182,490
4,953% $ 350,920
99.410% $ 586,519
100.000% $ 14,770,000
$ 41,408,168
$ 74,843,112 (1)
0.86%
1,95%
4,37%
(1) Excludes tax and revenue anticipation notes; revenue, and tax allocation bonds, and non-bonded capital lease obligations,
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Souce: Califomia Municipal Statistics, Inc,
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CITY OF DUBLIN
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Alameda Rank in Size
City County City Population of California
Fiscal Year Population Population % of County Cities
1988-1989 21,950 1,234,900 1,78% 221
1989-1990 23,550 1,252,600 1,88% 220
1990-1991 23,500 1,293,000 1.82% 230
1991-1992 25,162 1,313,300 1.92% 222
1992-1993 25,853 1,337,126 1.93% 224
1993-1994 26,270 1,347,930 1,95% 225
1994-1995 26,581 1,362,893 1,95% 228
1995-1996 26,267 1,356,102 1.94% 226
1996-1997 25,544 1,371,793 1,86% 225
1997-1998 26,725 1,401,227 1.91% 224
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Source: State of California Department of Finance - Population Research Unit
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City Population
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30000
25000
20000
IS>
N
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~ 15000
..
"5
Co
0
Q.
10000
5000
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CITY OF DUBLIN
PROPERTY VALUE, CONSTRUCTION AND BANK DEPOSITS
LAST TEN FISCAL YEARS
Total
Number of Commercial Residential
Fiscal Pennits Construction Construction
Year Issued Value Value Bank Deposits'
1988-1989 901 13,654,511 15,911,836 399,923,000
1989-1990 910 6,367,726 30,536,676 439,781,000
1990-1991 752 7,604,547 8,074,458 450,215,000
1991-1992 798 9,759,533 5,005,547 517,540,000
1992-1993 828 5,477,619 7,732,367 533,885,000
1993-1994 721 8,162,579 3,490,667 555,554,000
1994-1995 739 6,718,045 2,368,943 549,989,000
1995-1996 814 4,927,911 15,638,274 545,407,000
1996-1997 790 6,855,980 64,610,527 ~ 611,507,000
1997-1998 1020 29,159,270 83,205,153 Not Available
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Source: Findley Reports, Inc. and City of Dublin Building Department Status Reports
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. Bank Deposits represents the amount of cash deposits held by financial institutions
within the City of Dublin.
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- - . - -Commercial Construction Value
--...- Residential Construction Value
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900000OO
)
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Fiscal Years
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CITY OF DUBLIN
SCHEDULE OF 1988 CERTIFICATES OF PARTICIPATION COVERAGE
FISCAL YEARS 1989-1993
Debt Service Requirement
Net Revenue
Gross Revenue Direct Operating Available for
Fiscal Year (1) Expenses (2) Debt Service Principal Interest (3) Total Coverage
1988-1989 $ 1,547,681 $ 33,328 $ 1,514,353 $ $ 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%
1992-1993 17,954,702 15,921,320 2,033,382 470,000 1,230,804 1,700,804 119.55%
(1) Gross Revenue includes Facilities Rent. Interest Income and 1988 Certificates of Participation Proceeds
earmarked for Debt Service, The 1992-1993 Total includes $16.123,345 Principal Amount of 1993 Certificates of
Participation Proceeds used to defease the 1988 Certificates of Participation.
(2) Direct Operating Expenses excludes Interest and Depreciation includes $15,895,000 Principal Amount of 1988
Certificates of Participation defeased in 1993, which is no longer the City's Debt.
(3) Excludes amortization of Bond Discount.
Note: The proceeds from this escrow account were used to fully retire this defeased debt on February 1. 1998.
Source: City of Dublin Annual Financial Report
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CITY OF DUBLIN
SCHEDULE OF 1993 CERTIFICATES OF PARTICIPATION COVERAGE
FISCAL YEARS ENDED 1994-1998
Direct Net Revenue
Gross Revenue Operating Available for
Fiscal Year (1 ) Expenses (2) Debt Service
1993-1994 $ 1,564,715 $ 12,874 $ 1,551,841
1994-1995 1,565,843 18,821 1,547,022
1995-1996 1,594,060 18,518 1,575,542
1996-1997 1.592,322 4,211 1,588,111
1997-1998 1,598,447 8,385 1,590,062
Debt Service Requirement
Principal
Interest (3)
Total
$ 910,000 $
622,816 $ 1,532,816
645,000
908,744
1,553,744
705,000
705,000
730,000
887,518
1,617,518
765,000
856,351
1,621,351
(1) Gross Revenue includes Facilities Rent and Interest Income.
(2) Direct Operating Expenses excludes Interest and Depreciation.
(3) Excludes Amortization of Bond Discount.
Source: City of Dublin Annual Financial Report
-93-
Coverage
101,24%
99,57%
99,70%
98,18%
98.07%
CITY OF DUBLIN
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
FUNDING ANALYSIS
FISCAL YEARS 1987-1996
Percent of
Overfunded
Pension Benefit
Overfunded Obligation to
Net Assets Pension Pension Annual Annual
Fiscal Available for Benefit Percent Benefit Covered Covered
Year Benefits Obligation Funded Obligation Payroll Payroll
1986-1987 $ 224,510 $ 193,490 116.03% $ 31,020 $ 641,910 4.83%
1987-1988 331,670 321,820 103.06% 9,850 818,530 1.20%
1988-1989 485,870 433,477 112.09% 32,393 1,034,010 5.07%
1989-1990 673,728 582,374 115.69% 91,354 1,241,152 7.36%
1990-1991 871,272 718,724 121.22% 152,548 1,507,749 10.12%
1991-1992 1,132,606 1,016,722 111.40% 115,884 1,529,925 7.57%
1992-1993 1,413,587 1,253,650 112.76% 159,937 1 ,487,441 10.75%
1993-1994 1,942,820 1,423,400 136.49% 519,420 1,590,481 32.50%
1994-1995 2,333,930 1,771,930 131.72% 562,010 1,853,180 30.50%
1995-1996 2,911,120 2,107,420 138.14% 803,700 1,853,180 43.37%
The above information represents the ten years of data available at the time this report was prepared.
Prior to 1994, Assets were shown at book value. Beginning in 1994, the assets are shown at actuarial value (smoothed market value)
Source: California Public Employees Retirement System. (PERS)
-94-
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CITY OF DUBLIN
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
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Percent of Total
Property Tax Total Property Tax Collected to
Fiscal Year Levied Tax Collected Tax Levied
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%
1992-1993(1) 3.597.733 3.432.895 95.42%
1993-1994 3,735,472 3,632,944 97,26%
1994-1995 3,836,151 3.614,558 94,22%
1995-1996 3.833,915 3.614.671 94.28%
1996-1997 3.921.703 3.713,665 94,70%
1997-1998 4,184,413 4,074,407 97.37%
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(1) In Fiscal Year 1992/93. state law was enacted which permanently reduced the
City's share of the property tax levy and shifted it to the schools. Amount levied
for all subsequent years is net of property tax shift to schools.
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Source: Alameda County Office of the Auditor-Controller
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CITY OF DUBLIN
PRINCIPAL PROPERTY TAXPAYERS
(Based on Secured 1998/99 Tax Roll>
June 30,1998
Secured Assessed
Value
Taxpayer
Bay Apartment Communities Inc.
204 Apartment/Condominium Units
"Amador Oaks"
$ 23,302,375
Warmington Hansen Associates LP
180 Lots for Single Family Homes
'Warmington Homes / Hansen Hill"
$ 22,261,147
Northwestem Mutual Life Insurance Company
248 Apartment/Condominium Units
"Cottonwood"
$ 20,271,732
Phoenix Mutual Life Insurance Company
200 Apartment/Condonimium Units
"Amador Lakes - Lot 5"
$ 16,046,243
Rafanelli & Nahas
255 Apartment/Condominum Units
"Amador Lakes - Lots 3 and 4"
$ 15,638,286
Rafanelli & Nahas V M Rafanelli Vineyards
184 Apartment/Condominium Units
"Parkwood" (Total Project 244 Units)
$ 13,783,473
Jensen Brett G & Lisa
"Orchard Supply/RosslVVestem Appliance"
$ 15,217,385
RReef Performance Parthership
Business Park
"SierralTrinity"
$ 14,014,872
Amador Lake Associates
1 00 Apartment/Condominium Units
"Amador Lakes"
$ 12,790,928
Dublin Spring Inc.
176 Apartment Units
"Springs"
$ 12,721,280
Total
$ 166,047,721
Source: County of Alameda
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Percent of Total
Secured
Assessed Value
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1.2624%
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1.2060%
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1.0982%
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0.8693%
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0.8472%
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0.7467%
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0.8244%
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0.7592%
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0.6929%
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0.6892%
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8.9955%
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CITY OF DUBLIN
TOP 25 SALES TAX PRODUCERS
1997 -1998
BUSINESS NAME
BUSINESS CATEGORY
Advanced Micronet Solutions
Alameda County Auction
Circuit City
Crown Chevrolet
Dublin Chevron
Dublin Honda
Dublin Nissan Dodge Vw Audi
Dublin Toyota
EI Monte Rents
Good Guys California Inc.
Leslee Scott
Mervyn's
Micro Porcelain Dental Lab Inc.
Montgomery Ward
Office Club
Orchard Supply Hardware
Pacific Bell Network Integration
Pak N Save
Ross Stores
Shamrock Ford
Sprinkler Irrigation Specialists
T J Maxx
Target
Toys R Us
Wackenhut Corporation
Repair Shops
Used Automotive Dealers
Radio/Appliance Stores
New Motor Vehicle Dealers
Service Stations
New Motor Vehicle Dealers
New Motor Vehicle Dealers
New Motor Vehicle Dealers
Recreational Vehicles / Rentals & Sales
Radio/Appliance Stores
Distributor
Health Services / Manufacturing
Department Stores
Office Furniture / Equipment / Supplies
Hardware Stores
Electronic Equipment / Computers
Grocery Stores
Family Apparel
New Motor Vehicle Dealers
Building Materials
Family Apparel
Discount Department Stores
Specialty Stores
Institutional Food Service/Alameda County Jail
Percent of Total City Sales Tax Paid By Top 25 Accounts = 46%
Firms Usted Alphabetically
Period: July 97 thru June 98
Source: Hinderliter, de Llamas & Associates, State Board of Equalization
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Date of Incorporation
Form of Government
Employees
Population
Area
Miles of Streets
Miles of Curbs
Signalized Intersections
Number of Street Lights
Average Daily Trips on 1-680
Average Daily Trips on 1-580
PARKS AND RECREATION:
Parks
Acres in Parks
Number of Registered Voters
(As of November 1998)
EDUCATION:
I. Public
Elementary Schools
Middle School
High School
Continuation
II. Public School Enrol/ment:
September 1988
September 1989
September 1990
September 1991
September 1992
September 1993
September 1994
September 1995
September 1996
September 1997
September 1998
CITY OF DUBLIN
. MISCELLANEOUS STATISTICAL DATA
JUNE 30,1998
February 1982
CouncillManager
43
26,725
12.20 Sq. Miles
59.71
164.1
27
1,797
131,000
177,000
9
147
13,967
3,213
3,135
3,150
3,173
3,379
3,511
3,550
3,580
3,715
3,794
3,881
FIRE PROTECTION:
Alameda County Fire Department
Number of Stations
Number of Fire Personnel
2
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32 - Safety
3 - Non-Safety
POLICE PROTECTION:
Number of Stations
Number of Sworn Police Officers
Number of Civilian Support Personnel
COMMUNITY FACILITIES:
Dublin Civic Center
Dublin Senior Center
Shannon Community Center
Dublin Swim Center
Dublin Sports Grounds
Heritage Center
4
1
1
1
III. Private Schools Enrol/ment as of September 1998:
Valley Christian:
Elementary
Junior High
High School
St. Philip Luthem Elementary (K - 8th)
St. Raymonds Catholic School (K - 8th)
Montessori Fountainhead (K - 3rd)
Total Private School Enrollment
Source: City of Dublin and Dublin Unified School District Records
-98-
1
34
6
721
161
253
118
400
160
1813
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