HomeMy WebLinkAboutReso 95-25 Item 8.3 Authorizing Special Designation General Fund Reserves FY 24-25Reso. No. 95-25, Item 8.3, Adopted 11/04/2025 Page 1 of 2
RESOLUTION NO. 95 – 25
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
AUTHORIZING ADDITIONAL SPECIAL DESIGNATIONS OF GENERAL FUND RESERVES FOR FISCAL
YEAR 2024-25
WHEREAS, the City's Fund Balance and Reserves Policy requires special fund balance allocations
to be adopted by the City Council, and allows the City Council to take action prior to the end of the fiscal
year to direct a specific assignment of the fund balance; and
WHEREAS, Staff reviewed updated information regarding fund balance and estimated one-time
revenues during the preparation of the Fiscal Year 2025-26 Budget; and
WHEREAS, the City Council approved allocations to specific Committed Reserves and Assigned
Reserves on June 17, 2025, based on estimated revenues and expenditures at that time.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby make
a special allocation of the estimated Fiscal Year 2024-25 year-end balance to the Committed fund balance
as follows:
• Decrease the reserve for Emergency Communication by $532,113
• Increase the reserve for Downtown Public Improvements by $8,885,798
• Decrease the reserve for One-Time Initiative – Capital by $1,917,848
• Decrease the reserve for One-Time Initiative – Operating by $503,860
• Increase the reserve for Innovations & New Opportunities by $2,421,708
• Increase the reserve for Contribution to Public Facility Fees by $4,000,000
• Increase the reserve for the Advance to Public Facility Fees by $5,000,000
• Increase the reserve for Dublin Boulevard Extension Advance by $8,000,000
BE IT FURTHER RESOLVED that, any net resources remaining after special designations, and after
meeting the Fund Balance and Reserves Policy requirements, will be left in the Unassigned (Available)
Reserve.
BE IT FURTHER RESOLVED, that the City Council of the City of Dublin does hereby approve the
proposed changes to the categorization of the Reserves as shown in Exhibit A to the Resolution.
{Signatures on the following page}
Docusign Envelope ID: 0AFCEC40-A09F-481A-82FE-6557DB57C900
Reso. No. 95-25, Item 8.3, Adopted 11/04/2025 Page 2 of 2
PASSED, APPROVED AND ADOPTED this 4th day of November 2025, by the following vote:
AYES: Councilmembers Josey, McCorriston, Qaadri and Mayor Hu
NOES: Councilmember Morada
ABSENT:
ABSTAIN:
______________________________
Mayor
ATTEST:
_________________________________
City Clerk
Docusign Envelope ID: 0AFCEC40-A09F-481A-82FE-6557DB57C900
FISCAL YEAR 2024-25 Q4 UPDATE GENERAL FUND RESERVES SUMMARY
RESERVE DESCRIPTION
Actual Increase Decrease Net Change Actual
Non-Spendable $54,709 ($14,586)($14,586) $40,123
Prepaid Expenses 54,709 (14,586)(14,586)40,123
Restricted $9,351,801 $6,890,844 $0 $6,890,844 $16,242,645
Cemetery Endowment 60,000 60,000
Developer Contribution - Downtown 1,490,000 1,490,000
Developer Contr - Heritage Park 19,000 19,000
Developer Contr - Nature Park 60,000 60,000
Heritage Park Maintenance 750,000 750,000
Public Facilities Advance 4,901,566 6,704,350 6,704,350 11,605,916
Section 115 Trust - Pension 2,071,235 186,494 186,494 2,257,730
Committed $180,760,419 $20,449,711 ($3,980,725)$16,468,986 $197,229,405
Contigency Reserves
(Assigned) -Asset Contingency 17,714,064 17,714,064
Economic Stability 8,000,000 8,000,000
Fire Svcs Pension/OPEB 2,211,094 2,211,094
- Parks and Streets Contingency 201,270 201,270
- Pavement Management 2,000,000 2,000,000
- Pension & OPEB 18,000,000 18,000,000
Public Safety Reserve 4,600,000 4,600,000
- Service Continuity 3,150,000 3,150,000
Project Specific Reserves
Cultural Arts Center (CIP) - GI0120 4,402,990 (3,000,175)(3,000,175)1,402,815
Don Biddle Park (CIP) - PK0115 675,193 675,193
Downtown Public Improvement - ST0319 36,118,491 8,885,798 (4,289)8,881,509 45,000,000
Dublin Blvd Extension Advance ST0216 59,500,000 11,563,913 (21,177)11,542,736 71,042,736
Fallon Sports Park III Contingency - PK0119 100,000 (48,537)(48,537)51,462
- HVAC Replace. & Civic Ctr Improv. (CIP) - GI0122 2,288,697 (475,753)(475,753)1,812,944
- Library Tenant Improvement - GI0521 1,000,000 1,000,000
Maintenance Facility (CIP) - GI0509 55,008 55,008
- Village Pkwy Pavement Reconstruction - ST0323 20,743,613 (430,794)(430,794)20,312,819
Assigned $56,857,608 $25,994,180 ($23,515,540)$2,478,640 $59,336,248
Accounting Adjustment Reserves
Accrued Leave 1,518,423 70,971 70,971 1,589,394
CIP Carryovers 16,670,673 17,186,131 (16,670,673)515,458 17,186,131
Façade Improvement Grants 429,972 429,972
Operating Carryovers 963,754 1,690,898 (963,754)727,144 1,690,898
Specific Use Reserves
(Committed) - Advance to Public Facility Fee 6,704,350 5,000,000 (6,704,350)(1,704,350)5,000,000
ARPA Revenue Replacement 990,187 990,187
- Contribution to Public Facility Fee 6,000,000 4,000,000 4,000,000 10,000,000
) - Lease Revenue Bond Payoff 8,000,000 1,000,000 1,000,000 9,000,000
- One-Time Initiative - Capital 1,917,848 (1,917,848)(1,917,848)0
- One-Time Initiative - Operating 503,860 (503,860)(503,860)0
Relocate Parks Dept 500,000 500,000
- Utility Undergrounding 3,500,000 3,500,000
Non-Specific Use Reserves
Climate Action Plan 2,669,424 (114,906)(114,906)2,554,518
- Emergency Communications 532,113 (532,113)(532,113)0
- Innovations & New Opportunity 894,498 2,421,708 2,421,708 3,316,206
Municipal Regional Permit 1,809,022 (923,599)(923,599)885,422
Non-Streets CIP Commitments 3,253,486 (559,965)(559,965)2,693,521
Unassigned $43,408,415 $27,510,850 ($18,292,890) $9,217,961 $52,626,375
Unassigned-Unrealized Gains (7,039,428)9,181,038 9,181,038 2,141,609
Unassigned (Available)50,447,843 50,484,766
TOTAL RESERVES $290,432,952 $80,845,585 ($45,803,740) $35,041,845 $325,474,797
Exhibit A to Resolution
Docusign Envelope ID: 0AFCEC40-A09F-481A-82FE-6557DB57C900