HomeMy WebLinkAbout8.1 CAFR and Annual Auditor
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TO
FROM:
STAFF REPORT
December 17, 2013
Honorable Mayor and City Councilmembers
Joni Pattillo City Manager""'
CITY CLERK
File #310 -30
SUBJECT: Comprehensive Annual Financial Report (CAFR) and Annual Audit for the Fiscal
Year Ending June 30, 2013 And Supplemental Reports Completed by the
Auditors
Prepared by Colleen Tribby, Director of Administrative Services
EXECUTIVE SUMMARY:
The City of Dublin has compiled and published its Comprehensive Annual Financial Report
(CAFR) for the fiscal year ending June 30, 2013. This report includes financial statements
prepared by City Staff along with the audit prepared by Maze and Associates Accountancy
Corporation (Maze), the independent auditors selected by the City Council. The CAFR is a
report which encompasses information beyond minimum financial reporting requirements. The
Auditors have provided a "clean opinion" based on their review. The report has also been
reviewed by the City Council ad -hoc Audit Subcommittee. The Auditors have also completed
supplemental reports related to: 1) Federal Grant — Single Audit; 2) A compliance audit of
Alameda County Transportation Measure B Funds; 3) Compliance with Alameda County
Transportation Commission Vehicle Registration Fund (ACTC -VRF) Program; and 4) A Review
of the Annual Appropriations Limit Calculation.
FINANCIAL IMPACT:
Detailed financial information is summarized in this report as well as the Comprehensive Annual
Financial Report (Attachment 1) and a summary of key information (Attachment 2).
RECOMMENDATION:
It is recommended that the City Council receive and file the reports.
4
r
Submitted By
Administrative Services Director
Reviewed By
Assistant City Manager
Page 1 of 5 ITEM NO. 8.1
DESCRIPTION:
The City of Dublin has compiled and published its Comprehensive Annual Financial Report
(CAFR) for the Fiscal Year ending June 30, 2013. This report (Attachment 1) includes audited
financial statements reviewed by Maze and Associates Accountancy Corporation (Maze). This
firm is the independent auditor selected by the City Council and the current report for the FY
2012 -13 audit is the second year of services completed under a five -year agreement approved
by the City Council on April 17, 2012.
AD -HOC AUDIT COMMITTEE REVIEW
The Auditors met with the City Council Ad Hoc Audit Committee on December 5, 2013 to review
the results of the audit. The interaction of the Auditors directly with representatives of the
elected body is a key component to current audit standards. The Committee members were
provided with an opportunity to discuss the report and ask questions of the Auditor. The
Committee concurred with recommending the acceptance of the report by the City Council.
Overall, based on their testing and review, the Auditors granted the City a "clean opinion"
(Attachment 1, pages 1 - 3), meaning that the City's financial statements present fairly, in all
material respects, the financial position of the City.
FINANCIAL OVERVIEW
The financial section of the CAFR includes an unqualified opinion issued by Maze. Attachment
2 provides a summary of key elements contained in the CAFR. Some of the important financial
results are addressed below:
Increased Total Assets - The chart below shows that the City's total net assets increased by
$28.0 million over the prior year. This change is on an entity -wide basis, and includes both
capital assets as well as restricted funds.
Item
Current and other assets
Notes receivable (See Note5)
OPEB asset (Note 12)
Capital assets
Total assets
Governmental Activities
June 30, 2013 June 30, 2012 $ Chan
158, 556, 363 132, 804, 075 25, 752, 288
10, 774,156 10, 427, 971 346,185
17,717
438, 401, 573 433, 548, 888 4,852,685
607,749,809 576,780,934 30,968,875
Current Liabilities
16,434,604
19,646,421
(3,211,817)
Noncurrent Liabilities
6,960,016
807,642
6,152,374
Total Liabilities
23,394,620
20,454,063
2,940,557
Net investment in capital assets
432,198,007
433,548,888
Restricted
52,548,095
36,714,724
Unrestricted
(See Note 8to Financials for
99,609,087
86,063,259
Classification)
Total net assets
584,355,189
556,326,871
Page 2 of 5
(1,350,881)
15, 833, 371
13, 545, 828
%Change
19.4%
3.3%
1.1%
5.4%
-16.3%
761.8%
14.4%
-0.3%
43.1%
15.7%
28,028,318 5.0•%
Total Assets_- It is important to consider that not all elements of the reported Total Assets
represent unrestricted assets. Included in the Management Discussion and Analysis section of
the CAFR is a discussion of the changes in Net Assets (Attachment 1, pages 5 - 21). The
amount reported as Total Assets includes:
1) $432.2 million (74.0% of total assets)
infrastructure, buildings, and equipment)
future spending; and
in investments in capital assets (e.g. land,
. These are not assets that are available for
2) $52.5 million (9.0% of the total assets) are assets subject to external restrictions on
how they can be used, such as development impact fee funds.
MEMORANDUM ON INTERNAL CONTROL (MOIC), or AUDIT RECOMMENDATIONS /
DISCLOSURES
The professional standards adhered to by the Auditors require them to record a formal process
of communicating directly with the City Council. As part of the FY 2012 -13 CAFR process, the
Auditors met with the Ad -Hoc Committee at the start of their field testing as well as at the
conclusion of the audit to review the final report. The MOIC to the City Council is included as
Attachment 3.
The MOIC contains a description of new GASB requirements implemented by the City during
the audit year, upcoming GASB requirements that are not yet effective, and the status of prior -
year audit recommendations. The report did not contain any new recommendations on City
financial process improvements.
DESIGNATIONS OF FUND BALANCES
On June 4, 2013 the City Council adopted Resolution No. 92 -13 which amended the policy for
the establishment of reserves and created the Fund Balance and Reserves Policy. This policy
conforms to required standards enacted by the Governmental Accounting Standards Board
(GASB). A listing of the FY 2012 -13 year -end reserves established in accordance with this
policy is shown on page 65 of the CAFR (Attachment 1). The following table summarizes the
fund balances for all City funds:
Special Capital
General Revenue Projects Other
Fund Balances Fund Funds Funds Funds Total
Non - Spendable
2,836,130
2,836,130
Restricted
500,000 7,013,816
38,532,428 8,100,458 54,146,702
Committed
36, 020,171
36, 020,171
Assigned
23, 912, 896
23, 912, 896
Unassigned, unrealized gain /loss
(263,162)
(263,162)
Unassigned, available
14,311,094
(1,098,607) 13,212,487
Total Revenues
77,317,129 7,013,816
37,433,821 8,100,458 129,865,224
As shown above, General Fund Reserves totaled $77.3 million as of June 30, 2013. $14.3
million of that is available for cash flow purposes, equating to 3.0 months of budgeted operating
expenditures. This is in accordance with the City Policy, which sets the cash flow goal at
between two and four months of the budget.
Page 3 of 5
The second component of the Unassigned General Fund reserves is an unrealized gain on
investments. Accounting rules require the City to record investments at market value as of the
fiscal year end. If the City had actually sold the investments it would have had incurred a loss of
$263,162. This is recognized in the City's books to illustrate that this portion of the Net Assets is
not available, and is presented for financial statement purposes only.
The Unassigned fund balance of negative $1.1 million in the Capital Projects Funds represents
the General Fund advance to the Fire Impact Fee Fund.
ADDITIONAL REPORTS PREPARED BY THE AUDITORS
In addition to the Audit of the Financial Statements, the Auditor engagement also included the
completion of specialized reports. The supplemental reports include 1) Federal Grant — Single
Audit; 2) A compliance audit of Alameda County Transportation Measure B Funds; 3)
Compliance with Alameda County Transportation Commission Vehicle Registration Fee (ACTC-
VRF) Program; and 4) A Review of the Annual Appropriations Limit Calculation. These reports
are described below and included for informational purposes.
Single Audit Report — Federal Grants (Attachment 4)
The City is required to obtain a Single Audit if annual expenditures of Federal Funds exceed
$500,000. In the Fiscal Year ending June 30, 2013 the City had $2.1 million in expenditures of
Federal Funds. The report includes a Report on Internal Control as well as a Report on
Compliance. The findings resulted in no audit findings relative to the federal programs reported
by the City.
Alameda County Transportation Commission (ACTC) — Measure B Funds Report
(Attachment 5)
The Alameda County Transportation Commission provides local funding via two local programs:
the Local Street Improvements Program and the Bicycle and Pedestrian Improvements
Program. During FY 2012 -13, projects in the City of Dublin funded by Measure B were as
follows-
1) Bicycle Master Plan Program Implementation and update of 2007 Bikeway and
Pedestrian Master Plan;
2) Alamo Canal completion (Trail under 1 -580);
3) Golden Gate (West Dublin BART Improvements); and
4) Streets /Sidewalk Overlay Program.
The report found that, based on the information reviewed and presented, that the expenditures
were materially in compliance with the program requirements.
As of the fiscal year end, the majority of the Local Streets restricted fund balance ($874,161) is
assigned to a Capital Reserve for the Streets /Sidewalk Overlay Program. The Bike / Pedestrian
restricted fund balance was $6,513 at the fiscal year end.
Alameda County Transportation Commission — Vehicle Registration Fee Report
(Attachment 6)
The City of Dublin uses a Special Revenue Fund to account for the funds collected through the
ACTC's Vehicle Registration fee. The goal of the program is to sustain the County's
transportation network through a distribution of the funds throughout the County on successive
five -year cycles.
Page 4 of 5
As of June 30, 2013, the ACTC VRF fund had a balance of $328,503 in restricted funds. The FY
2013 -14 Budget appropriated funds from this source to support a portion of the maintenance
costs for citywide traffic signal upgrades. Staff will be evaluating recommendations to the City
Council regarding the continued appropriation of this revenue source.
Appropriation Limit Schedule Report (Attachment 7)
State law requires the adoption of an Appropriations Limit ( "Limit ") which must be included in the
Budget document. The City Council adopts the Limit by resolution and it is adjusted annually
based on factors establish in State Law. The Limit applies only to appropriations that are
funded by "proceeds of taxes ". The Limit for the City of Dublin is substantially more than the
amount of revenue generated from taxes. The Auditors reviewed the calculation used to
develop the $226,135,179 Limit as presented in the FY 2013 -14 Budget. There were no
exceptions noted in the findings.
NOTICING REQUIREMENTS /PUBLIC OUTREACH:
A copy of the report was sent to Katherine Yuen, Partner Maze and Associates.
ATTACHMENTS: 1. Comprehensive Annual Financial Report (CAFR)
2. Summary — Key Information in CAFR
3. Memorandum of Internal Controls
4. Single Audit Report — Federal Funds
5. Alameda County Transportation Commission Measure B Funds
Report
6. Alameda County Transportation Vehicle Registration Fee Report
7. Gann Appropriation Limit Schedule
Page 5 of 5
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City of Dublin
C A L I F O R N I A
Dublin
war
111 II l°,
2011
Comprehensive Annual
Financial Report
Fiscal Year ended June 30, 2013
CITY OF DUBLIN, CALIFORNIA
COMPREHENSIVE ANNUAL FINANCIAL, REPORT
FOR THE YEAR ENDED JUNE 30, 2013
Prepared by
FINANCE DEPARTMENT
This Page Left Intentionally Blank
INTRODUCTORY SECTION
This Page Left Intentionally Blank
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2013
INTRODUCTORY SECTION:
Tableof Contents ......................................................................................................................... ............................... i
Letterof Transmittal .................................................................................................................... ............................... v
GFOACertificate of Achievement ............................................................................................ ............................... xi
PrincipalOfficers ......................................................................................................................... ............................xii
Organizational Chart ii
FINANCIAL SECTIO
IndependentAuditor's Report .................................................................................................... ..............................1
Management's Discussion and Analysis .................................................................................. ............................... 5
Basic Financial Statements:
Government -wide Financial Statements:
Statementof Net Position ........................................................................................ ............................... 25
Statementof Activities ............................................................................................. ............................... 26
Fund Financial Statements:
Governmental Funds:
BalanceSheet ......................................................................................................... .............................30
Reconciliation of the Governmental Funds - Balance Sheet with the Statement
ofNet Position ................................................................................................. ............................... 33
Statement of Revenues, Expenditures, and Changes in Fund Balances ............. ............................... 34
Reconciliation of the Net Change in Fund Balances - Total Governmental
Funds with the Statement of Activities ........................................................... ............................... 36
Statement of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual:
GeneralFund ................................................................................................ .............................37
Affordable Housing Special Revenue Fund ................................................. .............................38
1
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2013
FINANCIAL SECTION (Continued):
Proprietary Funds:
Statementof Net Position ................................................................................... ............................... 40
Statement of Revenue, Expenses and Changes in Fund Net Position ................ ............................... 41
Statementof Cash Flows .................................................................................. .............................42
Fiduciary Funds:
Statement of Fiduciary Net Position ................................................................. .............................44
Notes to Basic Financial Statements .......................................................................... .............................45
Supplemental Information:
General Fund:
Schedule of Budget Versus Actual Revenue by Sources ................................. .............................80
Schedule of Budget Versus Actual Departmental Expenditures ...................... .............................83
Budgeted Major Governmental Funds Other than General Fund and Special Revenue Funds:
Schedule of Revenues, Expenditures and Changes in Fund Balance — Budget and Actual:
General Improvements Projects Capital Projects Fund ............................ .............................86
Community Improvements Projects Capital Projects Fund
...................... .............................87
Parks Projects Capital Projects Fund ........................................................
.............................88
Streets Projects Capital Projects Fund ......................................................
.............................89
Public Facilities Impact Fees Capital Projects Fund ................................
.............................90
Fire Impact Fees Capital Projects Fund ....................................................
.............................91
Traffic Impact Fees Capital Projects Fund ...............................................
.............................92
ii
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2013
FINANCIAL SECTION (Continued):
Non -major Governmental Funds:
CombiningBalance Sheets .................................................................................. .............................98
Combining Statements of Revenues, Expenditures, and Changes
inFund Balances ............................................................ ............................... ............................104
Schedule of Revenues, Expenditures, and Changes
in Fund Balances - Budget and Actual ........................... ............................... ............................110
Internal Service Funds:
Combining Statements of Net Position ............................ ............................... ............................144
Combining Statements of Revenues, Expenses and Changes in Fund Net Position .......................146
Combining Statements of Cash Flows ................................... ............................... ............................148
Fiduciary Funds:
Statement of Changes in Assets and Liabilities — All Agency Funds ............. ............................152
STATISTICAL SECTIO
General Governmental Activities Tax Revenues by Source and
Governmental Activities Tax Revenues by Source ............. ............................... ............................157
Net Position by Component .. ...............................
Changesin Net Position .............................................................. ............................... ............................160
Fund Balances of Governmental Funds ..................................... ............................... ............................162
Changes in Fund Balances of Governmental Funds .................. ............................... ............................164
Assessed Value and Estimated Actual Value of Taxable Property .......................... ............................166
Direct and Overlapping Property Tax Rates .............................. ............................... ............................167
Principal Property Taxpayers .................................................... ............................... ............................168
Property Tax Levies and Collections ......................................... ............................... ............................169
Directand Overlapping Debt ..................................................... ............................... ............................171
LegalDebt Margin Information ................................................. ............................... ............................172
iii
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2013
STATISTICAL SECTION (Continued):
Demographic and Economic Statistics ...................................... ............................... ........:...................174
Property Value, Construction and Bank Deposits ..................... ............................... ............................175
PrincipalEmployers ................................................................... ............................... ............................176
Full -time Equivalent City and Contract Government Employees by Function ........ ............................178
Operating Indicators by Function .............................................. ............................... ............................179
Capital Assets Statistics by Function ......................................... ............................... ............................180
Top25 Sales Tax Producers ...................................................... ............................... ............................181
Miscellaneous Statistical Data ................................................... ............................... ............................182
IV
PAR Works/Ersgi"9,116109
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Noveniber 26, 2013
CIT"Y OF
DUBLIN
Honorable Mayor ands Members ofthe City Council-,
Presented with this transmittal; is the City of Dublin (City) Comprehensive
1001 Civic Non
Annual Financial Report (CAFRI, for the year ended, Tone 30, 2013, The
Dubi in, cd,j jfCrjrjj j 0, 9456
informatbri in, this Comprehensive Annual Financial Report is prepared in
accordance with Generally Accepted Arcoointing Principles (GAAP) as
phono; (92 5) 833.6650'
established bV the Governmental Accounting Standards Beard (GAS11).
Fa,c (x'25) 833 -6651
The responsibility for the accuracy and fairness of this report rests with the
City. Management Staff are responsible for preparing a complete report
which is based upor reliable informafion. Maze anid Associates Accountancy
Corporation,, a firm of licensed public accountants, has Issued an, uniqualified
("clean"') opinion on the City of Dublin's financial statements for the year
ended June 30, 20113. The independent auditor's report has been included in
this Comprehensive Annual Financial Report.
'This letter, of transmittal is, designed to assist with an individual's review of
the Cll fjnanclall stateinnents, Speclfically it is Intended to offer the reader
useful information in assessing the econornic conditions impacting the City of
Dublin. It also complements the separ,ate M anagemient's Discussion anid
Analysis (IMD&A) narrative section, ' which provides, financial highlights of the
City and addWortal analysis of trends reported as part of the firiancia]
statements. The IVID&A is located immediately following the report of the
independent auditors.
Oty C00161
CITY PROFILE
�WS) 833-66V)
Qty Manager,
The City of Dublin was incorporated in 1,982 and is located in Alameda
( 92 51 RA- - -665U
County, a growing area in the eastern portion of the San Francisco Bay Area,
In, 2011, the it was narned an "All -' rnerrc:a City"' by the National Civic
Community Dovewpime'"t
,1925) 8,31 (A I D
League, one of the nation's oldest and most prestig'lous civic erg janizatiorls. In
2012, thie it celebrated its 30th anniversary as an incorporated city.,
Economic VevOopnsent
(92SI 931 M50
The City has a permanent staffing level of' approximately 91.5 full-time
FinancelAdmin SeMces
equivalent it empl!oyee�5, and budgets for an additional 75, to 100
(W,5,183�-6640
temporary employees during the surnmer recreational season. The CitV
Fire Prevertion
�serves an estimated population of 46,063, with estimated future, population
(925183114WG
growth to 60,000 covering a land, area of 14,62 square miles. The City's
Human Rasouroes
strategic iocation offers opportunities for employers, retail outlets, and high
quality residential neighborhoods.
Pzj rks & calnmunMty Servion
025� S564500
Police
op,5� &13
PAR Works/Ersgi"9,116109
Mq� AIA Arin
The City operates under the Council- Manager form of government. Policy making and
legislative authority are vested in the City Council, which consists of an elected Mayor, who
serves a two -year term and four Council members each elected to a four -year term. The City
Council is responsible for the City's ordinances, operating resolutions, adoption of the annual
budget, hiring the City Manager and City Attorney and confirming the appointments made by
the Mayor to commissions and committees. The City Manager is responsible for the following
activities: implementing the policies, ordinances, and directives of the City Council; overseeing
the day -to -day operations of the City; and appointing the Directors of the City's departments.
Current City services include: City Manager and Central Services (Human Resources);
Administrative Services (Finance /Information Systems); City Attorney; City Clerk; Police; Fire;
Animal Control; Crossing Guards; Community Development (Building/Planning/Housing);
Economic Development /Public Information; Parks and Community Services; and Public Works
(including Engineering and Maintenance). The City contracts with both public agencies and
private firms to provide a variety of key services including: Building Inspection; Fire; Police; and
Public Works maintenance. A total of 125.24 FTE contract employees are identified in the City
budget.
ECONOMIC CONDITION AND OUTLOOK
The City of Dublin is located at the intersection of Interstates 580 and 680 approximately 35
miles east of San Francisco. The City delivers a broad range of community services and has a
wide range of housing types available, to meet the demands of various employers throughout
the region. Over the past several years residential builders and developers have constructed a
variety of new housing options, which include a mix of transit - oriented development adjacent
to a Bay Area Rapid Transit (BART) station, as well as single family homes and condominium /
townhome developments. The relatively close proximity to additional job centers and colleges
and universities in the Bay Area create an attractive environment.
The City's commitment to providing housing and services to a growing community has recently
garnered recognition from other local agencies and professionals in the development industry.
In FY 2012 -13, the City received the Association of Bay Area Governments "Growing Smarter"
Award, and the American Planning Association of Northern California's "Planning Project
Award" for its Emerald Vista project, a new mixed income housing community. This project,
which was completed in partnership with Eden Housing, created an attractive community of
188 affordable housing units, 198 market -rate town homes and single family homes, and
includes a childcare center, active open space areas, and access to a regional trail.
Other recent notable additions to the City's variety of community services and events include
the Neighborhood Resources program that focuses on the City's connection to its
neighborhoods, and the Live Healthy Dublin: 10 -Week Wellness Challenge. In addition, the new
"splatter" food, wine and art festival earned the 2012 "Award of Excellence in Marketing" from
the California Parks and Recreation Society; and the recently completed Alamo Canal Trail
Vi
project was given the 2013 Project of the Year Award for Small Cities, from the American Public
Works Association.
The City has a large retail base which serves local residents as well as those in surrounding
communities. The largest employers include: government and public agencies such as the
United States Government — Department of Justice, County of Alameda, and the Dublin Unified
School District; corporate and technical production offices such as the United States
headquarters of SAP and Carl Zeiss Meditec. In addition Oracle, Epicor Software, Fluor
Enterprises, MicroDental Laboratories, and others have corporate operations in the City;
retailers such as Best Buy, Toys R US, Lowes, and Target; and auto dealers with new car dealers
in the City representing the following manufacturers: Chevrolet, Nissan, Honda, Toyota,
Volkswagen, Chrysler, Dodge, Jeep, Buick, GMC, Cadillac, Kia, Mazda, and Hyundai.
Revenues from local sales transactions, which make up 28% of the City's adopted budget, have
been steadily recovering from losses that occurred during the economic downturn of FY 2008-
09. Sales tax revenue declined by 16% that year, and following another year of relative
stagnancy, the City has seen sales taxes grow an average of 8% over the last three years, with
modest growth expected again in the FY 2013 -14 budget. Much of the gain is due to steady
growth in the Auto and Transportation industry, which makes up 38% of the City's total sales
tax revenue, but also to a variety of new businesses opening in the City.
Through its Sales Tax Reimbursement Program, which offers a temporary tax incentive to
eligible companies, the City has brought in several large businesses over the last few years.
During FY 2012 -13, Dick's Sporting Goods opened in East Dublin; and the Regency Centers
project, which will house Nordstrom Rack, Home Goods, and Whole Foods, is moving forward
in the current fiscal year. Because of its success, the reimbursement program has been
extended to January 2015. While sales tax revenues are expected to continue to grow in FY
2013 -14, that growth will likely not be as dramatic as it has been recently. The City will continue
to look for ways to diversifying the tax base and to proactively budget for changes in the more
volatile sectors, such as fuel sales, so that ongoing operational needs are met over the long
term.
The City's current property tax revenues, which make up 42% of the City operational budget,
have grown an average of 3% over the last three years. Current (ongoing) taxes, which are
levied on properties and equipment that are currently on the assessor's roll, are distinguished
from supplemental taxes (from changes to the roll during the year) and prior year taxes, and
are a good indication of the health of the local economy.
Since the recession, average assessed valuations in Dublin have been gradually rising, along
with sales prices. As of a three -month period ending in November 2013, median sales prices in
the city of Dublin increased 14.4% over the same period from the prior year, an upward trend
that is occurring in localities across the East Bay region as whole. Despite the higher prices,
Beacon Economics reports that the East Bay remains the most affordable location for home
vii
buyers in the Bay Area. The FY 2013 -14 budget assumed continued positive growth, including a
4.3% increase in assessed valuations.
In 2012 the State legislature passed pension reform legislation designed to control the growing
costs of public employee retirement plans. The reforms, which went into effect January 1, 2013,
raised the retirement age and lowered benefits for public employees. Also in 2013, the CalPERS
Board of Administration approved changes to the amortization and smoothing of investment
returns, theoretically improving funding levels but increasing local agency contribution rates in
the near term.
The City of Dublin began addressing the anticipated rate increases long before any State action
was taken. In FY 2007 -08, the City prepaid its $3.6 million PERS Side Fund liability, which had
been set up to reflect unfunded pension obligations at the time when all small agencies were
transferred into risk sharing pools. Rather than finance the liability through PERS at a higher
interest rate, the City advanced the amount from General Fund Reserves, effectively saving
roughly $2.7 million over 17 years. In addition, as of FY 2011 -12, the City requires that
employees contribute the full 8% of the PERS Employee Share; and beginning in FY 2012 -13,
50% of employees' annual cost -of- living- adjustment goes towards any increase in the PERS
Employer Share, up to a maximum of 4.072 %. This means that eventually, as rates increase,
employees will contribute a total of 12.072% of their salaries to PERS. In the current budget, the
total employee PERS contribution is 10.95 %.
The City of Dublin's most recent actuarial valuation provided by CalPERS, which incorporated
lower investment earnings (from 7.75% to 7.50 %) and a temporary change to the amortization
of gains and losses, showed the City's contribution increasing 0.91 %, from 15.685% to 16.6% in
FY 2014 -15. Over the next five years, the City expects pension costs to increase annually from
$283,000 in FY 2015 -16 to $818,000 in FY 2018 -19, even with the employee contributions.
Fiscal sustainability is at the forefront on long -term budget discussions, particularly related to
the impact of rising pension and benefit costs, public safety contracts and the ongoing
maintenance of new parks and facilities. The timing of one -time expenditures for new facilities
must take into consideration whether on -going revenue also exists to maintain the additional
inventory. Moving forward, the City will continue to look for innovative budget solutions, such
as the energy- efficient upgrades recently implemented, employee- sharing in health costs, and
possible new revenue sources.
FINANCIAL PLANNING AND POLICIES
The City Council adopted a 10 -Year Strategic Plan, which is updated every two years. The focus
in FY 2012 -13 was on the five specific strategies identified by the City Council. These strategies
set the stage to establish the framework and overarching policy focus for the delivery of public
services to the community. The Budget document has a section containing the Strategic Plan
and Goals and Objectives. Adjustments to programs presented by the City Manager in the
Budget document were tied to the prioritization of elements within the Strategic Plan.
Viii
The City of Dublin adopts a balanced operational budget in accordance with City policies.
Beginning with FY 2012 -13, the City has utilized a two -year budget format. The City Council
adopts a final budget and appropriates funds in advance of the July 1st start of the new Fiscal
Year. In terms of major capital investments, constructed with Impact Fees, the City has
operated utilizing a pay -as- you -go philosophy. The City has typically operated with no debt
financing, though an equipment lease was utilized in FY 2012 -13 to fund various energy -
efficient improvements, including solar panels at City facilities, which will ultimately reduce
ongoing utility costs and fully offset the cost of the project. This project aligned with City
Council strategy focused on supporting environmental sustainability.
The financial policies currently used for budgeting also provide for the use of Internal Service
funds to assure resources are available to finance the replacement of public safety vehicles and
apparatus, computer systems, and some building components. The importance of being
prepared to address long term needs has always been a key principle supported by the City
Council. The City has also proactively financed contributions to fund long -term retiree medical
liabilities.
The City Council adopted a policy in accordance with GASB Statement 54, which establishes the
components of Fund Balance within the General Fund and how changes as the result of
operations are to be administered. The policy continues to support the long -term philosophy to
be prudent and maintain funds for future liabilities which may be both known as well as
unknown. The City Council has also set -aside funds for specific projects and activities with the
understanding that some goals require a long -term view and incremental funding over a
number of years before the project is undertaken.
AWARDS
The Government Finance Officers' Association (GFOA) has recognized the City of Dublin for its
Comprehensive Annual Financial Report covering the period ending June 30, 2012. A copy of
the award from this entity is included in this report. This award represents the 22nd
consecutive year that the City's report was recognized by the GFOA. In order to be recognized,
the City was required to produce an easily readable and efficiently organized report. The report
must also meet the standard for generally accepted accounting principles and legal
requirements.
ACKNOWLEDGMENTS
It is important to recognize that the compilation of the information in this report would not be
possible without includes contributions made by Staff in several departments. A special thanks
and acknowledgement goes to Vivian Gong, Finance manager and the professional staff at
1X
I
MazeandAssociates, Of course the ultimaile thanks are afforded to The Mayor and City Council
in their supportand commitment to have the City's finand'a I reportingstrive for excellence.
5imeafly,
17:p
Joni I Pattillo, City Manager Colleen Tribby, AdmfinIstrative Services Director
IN
CIJ
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Dublin
California
For its Comprehensive Annual
Financial Report
for the Fiscal Year Ended
June 30, 2012
Executive Director /CEO
X1
CITY OF DUBLIN
PRINCIPAL OFFICERS
Fiscal Year 2012/2013
Mayor
Tim Sbranti
Vice Mayor
Don Biddle
Councilmember
David Haubert
ADMINISTRATION PERSONNEL
City Manager
Assistant City Manager
Administrative Services Director
City Attorney
City Clerk
Chief of Police
Public Work Director
Community Development Director
Park & Community Services Director
Fire Marshal
Deputy Fire Marshal
X11
Councilmember
Kevin Hart
Councilmember
Abe Gupta
Joni Pattillo
Chris Foss
Colleen Tribby
John Bakker
Caroline Soto
Tom McCarthy
Gary Huisingh
Luke Sims
Paul McCreary
Bonnie Terra
Darrell Jones
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This Page Left Intentionally Blank
INDETENDENT AlUD' II II OR'S, REPORT
To the Honorable Mayor arid lea em'bCTS Of the City CounGil of the City of Mblin
Qubfiji, Qalifuniia
fiep(wr
we have audited t[te accornpanying finalwial staWincrits Of the govemmantal activities, each, maJor 11ind
and, the allrregnte, reniahiing fund 1 Formation of the Gity nfDublin, CMifornia (City" y), as cf and for the
year ended Inane 330, 2013, nnd the related notesto, the I'mancial statements wtich collective1y cornprise
the City's'llasic finanuial statenleats as fisted in. the'rable of ContCtlts.
Managemewl's Respons-ibilit
Matements
Management is responsible for the pvparation and fair prescritation of theqe financial statements in
accorchilwe with accoan,611, principles generally accepted in the United States ofArnerjQ,a; (his includes
the design, implementatior), and waintenance of internal control relevara to tine Preparation and fair
presentation ofthic financial statements that are free From material misstatement, whether due to fraud or
error,
e4urNor's
Our- rt,-,spowsibility is to tmprmq Opinions 01) thesc 51"'naricial statements based an (.-)ur audit. We conducted
our atidit in, accordunuc with, audifingAandardl,-, gal rail RmcpIod, in, the United States af.Arnerica,and
the %tandards applicable to financial audits contained, in issued, by the
Comptroller General of the United States. Those sUndards require that we plan and perfonu the at'idit to
obtain re,.isomNa assurance as to whether Nine financial staternents arefice of matcrial. misstatement.
Ali audit hivolves perfoxming procedures to obtain audit evidence about the amauntg and diwJosures in
die fimanciat stasements, Tbe procedures selected depend on the auditors Judgmem, inelilding the
omessimci-A of (he risks of material misstatemetit, of' the financial statanents, whether due to fraud or
error. hi niaking those ris k a,5ssessrftents:, the nuditor considers ixiternal control n'-4cvant to the City's
preparation andfibir presentation Ofthese: fillancial statements iii order to design nudit procedures ttiart are
approprLate in the circunigtances, but not for the purpose ofexpreqsmng an opinion on the eNotiveness of
the City's inter-mal control. Accordingly, wo oxpress no sudi opinion. An audil gdso includ.cs, evaluating
the "pj)f"uPri4tenQS5 of RQUOuntilig pulivics used and the reasonabluncss of significant ac,minfing
estimates mnd�aby managetnent, as well as evatuating the overall presentation oftbe financial statements.
We b."lieve that the a,udit cvidence me have obizined is sufficient mid appropriate to provide a, basis for
our audlit opinions.
926 �AIG�)M,
Ar,caunlancy OorRoramon 92 5 930, 0 1
,31,11 3�j.'Am lq, Anivio, 34�,6, 21
119a"wwd ",01, CA,
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, each major fund, and the aggregate remaining
fund information of the City of Dublin, California, as of June 30, 2013, and the respective changes in the
financial position and cash flows, where applicable, thereof and the respective budgetary comparisons
listed as part of the basic financial statements for the year then ended in conformity with accounting
principles generally accepted in the United States of America.
Emphasis of Matters
Management adopted the provisions of the following Governmental Accounting Standards Board
Statements, which became effective during the year ended June 30, 2013 that had required certain format
and nomenclature changes to the financial statements:
Statement 63 - Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources,
and Net Position. See Notes 1L to the financial statements for relevant disclosures.
Management early- implemented the provisions of the following Governmental Accounting Standards
Board Statement during the year ended June 30, 2013 that had required certain format and nomenclature
changes to the financial statements:
Statement 65 — Items Previously Report as Assets and Liabilities. See Note 1K to the financial
statements for relevant disclosures.
The emphasis of these matters does not constitute a modification to our opinions.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that Management's
Discussion and Analysis be presented to supplement the basic financial statements. Such information,
although not a part of the basic financial statements, is required by the Governmental Accounting
Standards Board, who considers it to be an essential part of financial reporting for placing the basic
financial statements in an appropriate operational, economic or historical context. We have applied
certain limited procedures to the required supplementary information in accordance with auditing
standards generally accepted in the United States of America, which consisted of inquiries of
management about the methods of preparing the information and comparing the information for
consistency with management's responses to our inquiries, the basic financial statements, and other
knowledge we obtained during our audit of the basic financial statements. We do not express an opinion
or provide any assurance on the information because the limited procedures do not provide us with
sufficient evidence to express an opinion or provide any assurance.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the City's basic financial statements as a whole. The Introductory Section, Supplemental
Information, and Statistical Section as listed in the Table of Contents are presented for purposes of
additional analysis and are not required parts of the financial statements.
2
The Supplemental Information is the responsibility of management and was derived from and relates
directly to the underlying accounting and other records used to prepare the basic financial statements.
The information has been subjected to the auditing procedures applied in the audit of the basic financial
statements and certain additional procedures, including comparing and reconciling such information
directly to the underlying accounting and other records used to prepare the basic financial statements or
to the financial statements themselves, and other additional procedures in accordance with auditing
standards generally accepted in the United States of America. In our opinion, the Supplemental
Information is fairly stated in all material respects in relation to the basic financial statements as a whole.
The Introductory and Statistical Sections have not been subjected to the auditing procedures applied in
the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any
assurance on them.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November 7,
2013, on our consideration of the City's internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, contracts, and grant agreements and other matters. The
purpose of that report is to describe the scope of our testing of internal control over financial reporting
and compliance and the results of that testing, and not to provide an opinion on the internal control over
financial reporting or on compliance. That report is an integral part of an audit performed in accordance
with Government Auditing Standards in considering the City's internal control over financial reporting
and compliance.
Pleasant Hill, California
November 7, 2013
This Page Left Intentionally Blank
OffjiD CITY OF DUBLIN
19� � -8z Management's Discussion and Analysis (MDA) June 30, 2013
�4LIF'OR��
As management of the City of Dublin (City), we offer readers of the City's financial statements
this narrative overview and analysis of the financial activities of the City for the fiscal year
ended June 30, 2013. Please read this overview in conjunction with the accompanying letter of
transmittal and the accompanying basic financial statements.
OVERVIEW OF THE FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as an introduction to the City's basic financial
statements, which are comprised of three components:
• Government -wide Financial Statements — These include the Statement of Net Position
and Statement of Activities. These statements provide information about the activities
of the City as a whole and about the overall financial condition of the City in a manner
similar to a private- sector business.
• Fund Financial Statements —These statements provide additional information about the
City's major funds, including how services were financed in the short term and fund
balances available for financing future projects.
• Notes to the Financial Statements — The notes provide additional detail that is essential
to a full understanding of the information provided in the Government -wide and Fund
Financial Statements.
In addition to the basic financial statements and accompanying notes, this report also presents
certain required supplementary information concerning the City's progress in funding its
obligation to provide pension benefits to its employees.
GOVERNMENT -WIDE FINANCIAL STATEMENTS - DESCRIPTION
These statements include all assets and liabilities of the City using the accrual basis of
accounting, which is similar to the accounting used by most private sector companies. All
current year's revenues and expenses are accounted for regardless of when the cash is paid or
received.
These statements report the City's net position and changes to the net position during the fiscal
year. Net position - the difference between assets and liabilities - are one way to measure the
City's financial position. Over time, increases or decreases in the net position are among
indicators used to assess whether the financial condition of the City is improving or
deteriorating. However, it is also important to consider other nonfinancial factors, such as:
changes in the City's property tax values, sales tax outlets, and the condition of the City's
infrastructure (i.e. parks and streets), to accurately assess the overall health of the City.
The Government -wide statements present information about the City's activities, all of which
are considered governmental in nature. These include services provided for police, fire,
community development, streets, and culture and leisure. These services are funded from
monies received from property, sales and other taxes, direct charges for services provided,
grants, contributions from other agencies, and impact fees collected from new development.
5
Of DU CITY OF DUBLIN
i �8`2 Management's Discussion and Analysis (MDA) June 30, 2013
GOVERNMENT -WIDE FINANCIAL STATEMENTS — ANALYSIS
Table 1 provides and analysis summarizing the year to year change in the Government -Wide
net assets reported for the City of Dublin. By definition the "net assets' are represented as the
difference between total assets and total liabilities.
TABLE 1: SUMMARY OF NET POSITION
June 30, 2013 and 2012
Governmental Activities
- June 30, 2013 June 30, 2012 $ Change % Change
Item
Current and other assets
158,556,363
132,804,075
Notes receivable (See Note5)
10,774,156
10,427,971
OPEB asset (Note 12)
17,717
Classification)
Capital assets
438,401,573,
433,548,888
Total assets
607,749,809
576,780,934
Current Liabilities
16,434,604
19,646,421
Noncurrent Liabilities
6,960,016'
807,642
Total Liabilities
23,394,620
20,454,063
Net investment in capital assets
432,722,323
Restricted
52,548,095
Unrestricted
1.1 % +i
(See Note 8 to Financials for
99,084,771
Classification)
-0.3 %;
,Total net assets
584,355,189
433,548,888
36,714,724
25,752,288
19.4 %f
346,185
3.3%
4.852.685
1.1 % +i
30,968,875
5.4%
(3,211,817)
- 16.3%
6,152,374
761.8%
2,940,557.
14.4%
(1,350,881),
-0.3 %;
15,833,371
43.1 %':
13,545,828 15.79
556,326,871: s 28,028,318 5.0%
As illustrated in the above table, the City's net position increased by $28.0 million during FY
2012 -13, and increase of 5.0 %. This is primarily due to the following:
• Total assets increased approximately $31.0 million, particularly in cash and investments,
which are part of current assets (see Position of Net Assets). This is due to some large
one -time Community Benefit Payments related to specific projects, and which flow
directly into reserves that are already committed for specific purposes, such as the $3.5
million payment from the Alameda County Fire Department for their share of the Public
Safety Complex project. Development - related revenues, such as building and fire
permits, increased as well, with total overall revenues gaining $12.5 million over the
prior year. In addition, $4.9 million in Capital Assets were added to the City's books
during FY 2012 -13, related to parks and streets improvement projects.
2
OF DUBIry CITY OF DUBLIN
.��i Management's Discussion and Analysis (MDA) June 30, 2013
• Total liabilities also increased, with a net difference of $2.9 million from the prior year.
Current liabilities, representing primarily obligations outstanding for current operations
(accounts payable), capital projects (such as retention payable), deposits held for
development projects, and amounts recorded as deferred revenue, decreased during FY
2012 -13 with payment of some of those obligations. Noncurrent liabilities increased by
$6.2 million due to the addition of the 2012 Chevron Energy Capital Lease, which
becomes payable after the construction of the City's energy- efficient projects financed
through Chevron (see Note 7).
• The City's $432.7 million in capital assets represents 74.0% of the total reported net
assets, and includes the City's investments in land, infrastructure, buildings, and
equipment. The City uses these capital assets to provide services to citizens;
consequently, these assets are not available for future spending. The change in annual
capital assets reflects both the addition of capital assets (including construction in
progress), less accumulated depreciation.
• Restricted assets, including impact fee funds and grant funds, are resources that have
external restrictions on their use. In FY 2012 -13 the City's restricted assets increased by
$15.8 million, due primarily to the collection of impact fees for specific development
projects. Approximately $99.1 million of the City's total assets are unrestricted and may
be used to meet the City's ongoing obligations to the community and to creditors. This is
an increase of $13.0 million over the prior year, which the bulk of that attributable to
portions of the General Fund balance that are already committed and assigned for
specific purposes, in accordance with the City's Fund Balance and Reserves Policy.
7
of °UB�r� CITY OF DUBLIN
19'(x ='= 70,82 Management's Discussion and Analysis (MDA) June 30, 2013
GOVERNMENTAL ACTIVITIES
Table 2 below provides a summary of major program expense categories, program revenues
used to fund specific expenses, and general City revenues available for funding all City
programs. The information presented here provides detail behind the numbers shown in the
Summary of Net Position (Table 1).
TABLE 2: SUMMARY OF CHANGES IN NET POSITION
June 30, 2013 and 2012
June 30, 2013 June 30, 2012 $ Change % Change
Revenues
Charges For Services 18,520,645
Operating Contributions & Grants 1,135,050
Capital Grants & Contributions 28,689,753
Sub -Total Program Revenue 48,345,448
General Revenues
Property Taxes
Sales Tax
Other Taxes
Investment income, unrestricted
Intergovernmental, unrestricted
Other general revenues
Sub -Total General Revenue
23,590,102
15,359,340
5,054, 257
(399,590)
208,904
4,729,261
48,542,274
15,965,437:
2,555,208. _
16.0%;
1,008,318 ;
126,732
12.65/o
23,668,070
5,021,683 ' ,<
21.2%
40,641,825
7,703,623
19.00/
22,246,360
1,343,742
6.0%
14,996,932
362,408
2.49/6 '
4,295,675:
758,582
17.7%
865,719
(1,265,309)
- 146.2 %,
1,389,349
3,339,912
240.4%'.
43,794,035 "
4,748,239 ,
10.89/0':
Total Revenues 96,887,722 84,435,860 , ! 12,451,862. 14.7• /a,
Expenses
Governmental activities:
;General government
10,265,476
10,116,219
149,257
1.5%
Publicsafety
26,846,045
26,781,283
64,762
0.2%
Hi g hwa s and streets
Y
. _.
7,241,263
6,709,217
532,046
7.9 %.
`,Health and welfare
3,753,875
146,204 "
3,607,671 `
2467.69/o;
Culture and leisure services
_.
10,772,868
9,804,128
968,740.
9.9%
Community development
9,979,877:
6,089,415
3,890,462
63.9%;
Sub -Total governmental activites
68,859,404.
59,646,466
9,212,938 ;
15.4 %',
Increase In Net Position 28,028,318 , 24,789,394 3,238,924 13.1%;
Net Position - Beginning of Year 556,326,871: 531,537,477 ; 24,789,394 4.7%
Net Position -End of Year, as restated 584,355,189 556,326,871 28,028,318 S.0%
8
of DUBS CITY OF DUBLIN
1` 8' Management's Discussion and Analysis (MDA) June 30, 2013
As shown in Table 2, total revenues from all sources were $96.9 million and total expenses for
all City programs were $68.9 million in FY 2012 -13. The City's net position increased $28.0
million, compared to $24.8 million in the prior year, due predominantly to increased revenue
for capital projects and one -time revenues related to development projects. Total
governmental expenses increased as well due to the increased development activity, but the
bulk of those were offset by related revenues. The following is a discussion of large changes
$0.5 million) to specific revenue and expense categories.
Revenues
Overall revenues increased $12.5 million, or 14.7 %, in FY 2012 -13 compared to the prior year.
Changes included:
• Charges for Services increased $2.6 million due mainly to increases in building permit
activity and zoning revenue associated with the acceleration of development within the
City. Other related fee activities, such as plan checks and fire services also increased
during the year.
• Capital Grants and Contributions increased $5.0 million due to the collection of impact
fees and in -lieu funds from developers, an additional $1.4 million in grant funds (SAFETEA
LU) for street capital improvement projects, and Community Benefit Payments from
developers, which increased $3.1 million over the prior year.
• Property Taxes increased $1.3 million, resulting from an increase to assessed property
valuations.
• Other Taxes increased $0.8 million, due to a $0.4 million gain in real property transfer
taxes related to increased real estate sales, and a net increase in the franchise taxes.
• Investment Income decreased by $1.3 million due to the booking of unrealized losses to
the market value of investments as of June 30, 2013.
• Other Revenues increased by $3.3 million due primarily to a one -time payment of $3.5
million from the Alameda County Fire Department for the Public Safety Complex.
Expenses
Total expenses increased $9.2 million, or 15.4% in FY 2012 -13 compared to the prior year,
though the increase was offset by revenues. The following factors contributed to the overall
increase:
CITYOF DUBLIN
IM Management's Discussion and Analysis (MDA) June 30,201,3
o, HighwaVs and Streets expenses increased by $0.5 milhoin as a result of higher contraictei'
services costs related to streets improvements activitlies.
Flealth and Welfare expenses, increased by $16 million due to increased costs related to
residential garbage se rv,i ces, and co rn m u n ity 5 Ll p p ort grants,
Cultural and Leisure Services expenses increased by $1.0 million as a result Of' high er
contracted service, casts, primarily related to the maintenance of City facilities, but also
to various recreational services (offset by revenues) such as sports and chOdcare
programs, and City-sponsored events.
Community Development expenses increased by $3.9 million, due to the prior year
booking ot a $4 million Ivan that was made in FY 2011-12 for the Arroyo Vista
Redevelopment project, that reduced expenses. No large loans were made, in FY 21 12-
13, thus expenses were closer to the annual) trend.
-M��
[wont m-MUMMIMA
Investment
income, $10A), 1%
OtherTaxes, $5A,
5%
Other', $4,7, 5%
H
Operating
Cont(i bution s &
Grunts, 1%
CITY OF DUBLIN
andAnalysis (MDA) juric M1 20'13
Government-Wide expenses in FY 2012-13 are shown below in the same p e chart Wmat. Of
the $68,9 million in total expenses, Public Safety is the largest program cost, at 39% of the total.
Culture and Leisure Services,, General Government, and Community Development follow at
16%, 15%, and 141%, respectively.
FUND FINANCIAL STATEMENTS
These statements provide more detailed information about the City's major funds,. A fund is a
grouping of related accounts that is used to maintain control over resources that have been
segregated for specific activities, or objectives,, The City, like other state and local governments,
uses 'fund accouriting to ensure and dernonstrate compliance with finance-related legal'i
requirements, All of the funds of the City can be divided, into three categories: Governmental
funds, Proprietary funds, and Fiduciary funds.
Governmental funds: Governmental funds are used to account for essentially the same
functionsreported as overnmentall activities in the Governmen t_ VV ride financial statements.
However, unllike, the Government-wide financial statements, Governmental fund financi,all
statements focus on near-term linflows and outflows of spendable resources,, as well as un,
balances of spendable resources available at the end of the fiscal year. Such information may
be useful in evaluating a government's near-term firancing requirements.
of DU��m CITY OF DUBLIN
19 8 Management's Discussion and Analysis (MDA) June 30, 2013
Because the focus of Governmental funds is narrower than that of the Government -wide
financial statements, it is useful to compare the information presented for Governmental funds
with similar information presented for governmental activities in the Government -wide
financial statements. By doing so, readers may better understand the long -term impact of the
government's near -term financing decisions. Both the Governmental fund balance sheet and
Governmental fund statement of revenues, expenditures, and changes in fund balances provide
a reconciliation to facilitate this comparison between Governmental funds and governmental
activities.
The City maintains forty -four (44) individual Governmental funds. Information is presented
separately in the Governmental fund balance sheet and in the Governmental fund statement of
revenues, expenditures, and changes in fund balances for the following nine funds: General
Fund; Affordable Housing Fund; four Capital Project Funds (General Improvement Projects;
Community Improvement Projects; Parks Projects; Streets Projects); and three Impact Fee
Funds (Public Facilities Impact Fees, Fire Impact Fees, and Traffic Impact Fees). These funds
either qualify or the City requested them to be classified as major funds due to their
significance in the financing of new capital assets. Data from the other thirty -five (35)
Governmental funds are combined into a single aggregated presentation, labeled as Non -Major
Governmental Funds. Individual fund data for each of these non -major governmental funds is
provided in the form of combining statements elsewhere in this report.
The City adopts an annual appropriated budget for each of its Governmental funds. A
budgetary comparison statement has been provided for each Governmental fund to
demonstrate compliance with this budget.
Proprietary funds: The City maintains one type of Proprietary fund. Internal service funds are
an accounting device used to accumulate and allocate costs internally among the City's various
functions and to build up reserves for future replacement of capital assets. These funds are also
used to collect funds for future retiree medical costs, which are then transferred to a trust. In
FY 2006 -07, the City established an internal service fund component related to the pre-
payment of the Public Employees Retirement System side fund obligation. Charges are made to
departments based on payroll to fully recover advanced retirement payment over time. The
City uses eight internal service funds to account for its fleet of vehicles, computer systems,
other furniture and equipment, certain retiree costs and contributions, and improvements to
City buildings. Because these services solely benefit the governmental function, they have been
included within governmental activities in the Government -wide financial statements.
Proprietary fund financial statements provide the same type of information as the Government -
wide financial statements, only in more detail. All eight internal service funds are combined into
a single, aggregated presentation in the Proprietary fund financial statements. Individual fund
data for the internal service funds is provided in the form of combining statements elsewhere
in this report.
12
Of DUe� CITY OF DUBLIN
1 8 Management's Discussion and Analysis (MDA) June 30, 2013
Fiduciary funds: The Fiduciary fund section consists of six Agency Funds. The Dublin Boulevard
Extension Agency Fund is an improvement district with outstanding bonds. The City's role is
that of a trustee, or fiduciary, in collecting assessments and remitting bond payments. The City
has no legal, contingent or moral obligation for the repayment of this debt and merely ensures
that the assets received are used for their intended purposes. The City also provides a similar
role for four Geologic Hazard Abatement Districts. California Public Resources Code section
25670 establishes that these Districts are a political subdivision of the State and not an agency
or instrumentality of a local agency. The City contractually provides support to collect funds in a
fiduciary capacity and may also arrange for activities funded by the Districts.
The City served as the fiscal agent for Alameda County Associated Community Action Program
(ACAP) beginning in 2011. The entity is a Joint Powers agency which the members have decided
to proceed with closing out all activities. The City role was limited to holding funds collected
from members and issuing payments as part of the close -out process.
These fiduciary activities are excluded from the City's fund financial statements because these
assets cannot be used to finance City operations. The activity for these funds, however, is
provided for in a separate combining statement contained elsewhere in this report.
FINANCIAL ANALYSIS OF THE GOVERNMENTAL FUNDS
At June 30, 2013, the City's governmental funds reported combined ending fund balances of
$130.4 million, an increase of $29.0 million from the prior year. Table 3 below illustrates the net
change in fund balances over the prior year for Governmental Funds, as of June 30, 2013. A
discussion of the changes follows the table; individual and non -major funds may be found in the
Supplemental.
TABLE 3: GOVERNMENTAL FUND BALANCE CHANGES
June 30, 2013 and 2012
13
June 30, 2013
June 30, 2012
$ Change
% Change
'General Fund
77,317,129
64,763,748:
12,553,381
19.410
Affordable Housing Fund
7,013,816
5,155,894 ;
1,857,922
36.0%;
Capital Improvement Funds
37,433,821:
25,015,922
12,417,899
49.69/.
Other Governmental Funds
8,100,458,
6,542,908
1,557,550
23.8%
.Total Governmental Funds
129,865,224
101,478,472.
28,386,752
28.0%>
13
of DU CITY OF DUBLIN
19 Z 82 Management's Discussion and Analysis (MDA) June 30, 2013
��LIFpR�I�
GENERAL FUND
The General Fund is the chief operating fund of the City. Approximately $3.3 million of the
balance is non - spendable in the form of pre -paid expenses, advances to the Fire Impact Fee
Fund and the PERS Side Fund, and an endowment fund related to a City owned historic
cemetery. At the end of FY 2012 -13, the unassigned fund balance of the General Fund was
$14.0 million, representing approximately three months of budgeted expenditures in FY 2013-
14, with total fund balance at $77.3 million. The unassigned amount reflects an amount
calculated for the unrealized gain on investments as well as an amount related to cash flow for
on -going operations. The remaining balances are committed or assigned in accordance with a
policy adopted by the City Council as discussed in Note 9 to the financial statements.
During FY 2012 -13, General Fund revenues exceeded its expenditures by $14.7 million, before
transfers. Compared to the prior year, General Fund revenues came in $10.1 million over the
prior year, from $57.2 million in FY 2011 -12 to $67.1 million in FY 2012 -13. However, much of
the gain is due to one -time revenues, in the form of community benefit payments or other
funding that the City is required to set aside for a specific purpose. One -time revenues totaled
$8.0 million in FY 2012 -13, with $4.8 million of that to be set aside in reserves for the Public
Safety Complex and the Heritage Park.
Other significant sources which contributed to revenue gains included increased property tax
revenue and real property transfer taxes, and increased building permits and development
processing fees and charges.
Expenditures in General Fund departments totaled $52.4 million in FY 2012 -13, staying $8.4
million under the amended budget. This is primarily due to a large budgeted payment of $6.5
million related to the City's share of the Alameda County Fire Department retiree health liability
that did not occur in the fiscal year. Instead, the total contribution has been set aside in a
General Fund reserve, so that the City is ready to transmit the funds when the Fire
Department's OPEB trust fund has been set up.
After $2.3 million in transfers out for capital improvement projects including the Civic Center
Modifications, Maintenance Facility, and Public Safety Complex projects, the net impact on
General Fund reserves in FY 2012 -13 was an increase of $12.6 million.
AFFORDABLE HOUSING FUND
The Affordable Housing Fund is a special revenue fund which accounts for funds associated
with the Affordable Housing programs. The fund balance totaled $7.0 million at June 30, 2013,
an approximate increase of $1.9 million over the prior year. The change reflects additional
developer fee revenue collected during the year, $0.8 million in FY 2011 -12 to $2.4 million in FY
2012 -13. In addition, program expenditures were $0.5 million less than the prior year, due to
decreased loan activity in the fund.
14
of DUB�J� CITY OF DUBLIN
�n
19 82 Management's Discussion and Analysis (MDA) June 30, 2013
�LIFpR��
CAPITAL IMPROVEMENTS FUNDS
As previously described the City has included seven specific capital funds in the information
presented as part of the governmental funds. Four of the funds are used to capture
expenditures related to active capital projects that are under way. The four funds are: General
Improvement Projects; Community Improvement Projects; Parks Projects; and Streets Projects.
The funding for the expenditures made in these funds is the result of transfers in from other
funds. As of June 30, 2013 as in the prior year, none of these funds carried a balance. The
following Capital Impact Fee Funds are also reported:
Public Facilities Fee Fund: This fund includes fees collected to develop parks and other public
facilities. Total revenue collected in FY 2012 -13 was $13.0 million, a decrease of $2.5 million
from the prior year. This revenue is collected when developers process Final Maps, resulting in
payments of park land dedication fees. Due to variations in project construction and acquisition
timelines expenditure patterns will fluctuate. Expenses in FY 2012 -13 totaled $2.3 million in this
fund, primarily for the continued design and preparation for construction of new park facilities.
The balance is designated as restricted due to the fact that there are legal restrictions and it is
not available for general purposes.
Fire Impact Fees: This fund accounts for fees collected from new development to pay for the
capital cost associated with the provision of Fire Services. Total revenue collected in FY 2012 -13
was $0.3 million, approximately $0.1 million less than was collected in the prior year. In FY
2011 -12 the City collected an advance payment from the Jordan Ranch project, which will
reduce fees collected as the property develops since the developers will have credits in -lieu of
paying cash at the time of receiving a building permit. In addition, collections will fluctuate with
the normal variations in development activity.
The negative fund balance associated with this fund represents the repayment of a long term
advance, including interest, made from the City General Fund. In FY 2012 -13 the amount owed
to the General Fund decreased by $260,308 after accounting for interest on the outstanding
balance. The total balance owed to the General Fund, as of June 30, 2013 is $1.1 million. The
balance is designated as restricted due to the fact that there are legal restrictions and it is not
available for general purposes.
Traffic Impact Fee Funds: These funds account for fees collected to construct major traffic
improvements necessary to facilitate development. Fees are levied and collected on
development in proportion to its impact on the transportation needs. Revenue collected in FY
2012 -13 totaled $2.8 million (including interest earned), approximately $0.6 million more than
collected in the prior year. The City expended approximately $0.4 million in payments to reduce
outstanding obligations. In addition approximately $0.9 million was transferred to the Streets
Capital Project Fund, primarily for future project design expenses. This resulted in a net
increase of fund balance by $1.5 million. The balance is designated as restricted due to the fact
that there are legal restrictions and it is not available for general purposes.
15
011Q)1�� CITY OF DUBLIN
li` 1-44 82 Management's Discussion and Analysis (MDA) June 30, 2013
NON -MAJOR FUNDS
The City's non -major funds, which are all Special Revenue Funds, are presented in the basic
financial statements in the aggregate. Total fund balance increased $1.6 million, from $6.5
million in the prior year to $8.1 million in FY 2012 -13. Based on the designated use of the funds
they can be arranged by function as shown in Table 4 below:
.TABLE 4: ANALYSIS OF FUND BALANCES - NON -MAJOR GOVERNMENTAL FUNDS, ARRANGED BY FUNCTION
June 30, 2013 and 2012
The full fund balances of these Special Revenue Funds are legally restricted to use under the
programs indicated in the Table above, are not available for general purposes. The increase in
in Public Safety is due to one -time capital expenditures for Traffic Signal Maintenance that
occurred in the prior year. The Transportation function shows a decrease in fund balance as Gas
Tax and grant funds collected in the prior year continued to be spent in FY 2012 -13. Fund
balance in the Parks, Culture and Arts function increased due to the collection of some large
Public Arts In -Lieu fees, totaling $1.3 million, from various developers. The increase in
Maintenance District balances is largely due to collections in the Streetlight Districts, and the
Santa Rita Landscape District. More information about these aggregated non -major funds can
be found in the combining statements following the required supplementary information.
16
June 30, 2013
June 30, 2012
$Change
Change
Function
Public Safety
832,051 '
491,307
340,744
69.4%
;Transportation
3,564,924
3,863,540 ,
(298,616)
-7J%
Environmental
888,814
819,443
69,371
8.5%
iParks, Culture, Arts
1,689,450 '
376,348 ;
11313,102
348.9%;
Health & Welfare
75,907
70,259
5,648
8.0'/ "
Maintenance Districts
1,049,311 !
922,011
127,300
13.8%:
TOTAL FUND BALANCE
8,100,458 '
6,542,908
1,557,550
23.89/o;,
The full fund balances of these Special Revenue Funds are legally restricted to use under the
programs indicated in the Table above, are not available for general purposes. The increase in
in Public Safety is due to one -time capital expenditures for Traffic Signal Maintenance that
occurred in the prior year. The Transportation function shows a decrease in fund balance as Gas
Tax and grant funds collected in the prior year continued to be spent in FY 2012 -13. Fund
balance in the Parks, Culture and Arts function increased due to the collection of some large
Public Arts In -Lieu fees, totaling $1.3 million, from various developers. The increase in
Maintenance District balances is largely due to collections in the Streetlight Districts, and the
Santa Rita Landscape District. More information about these aggregated non -major funds can
be found in the combining statements following the required supplementary information.
16
Of °UBy CITY OF DUBLIN
Management's Discussion and Analysis (MDA) June 30, 2013
�LtFOR��
GENERAL FUND BUDGETARY HIGHLIGHTS
A summary of the budgetary comparison schedule for the General Fund is shown in Table 5
below. The complete schedule, as required, is included in the supplementary information
following the notes to the financial statements.
TABLES: SUMMARY OF GENERAL FUND ORIGINAL AND FINAL BUDGET AND ACTUAL
Period Ending June 30, 2013
-
Budget Amounts
Actual
Variance from
(1,091,290)
Original
Final
Amounts
Final Budget
(7,887,650):
Highways and streets
2,184,520.
2,200,100:
REVENUE
(112,761);
Health and welfare
581,380
619,154
Taxes
41,826, 250.
43,126, 250 ,
44, 003,699
877,449
Licenses and permits
2,433,310
3,633,310 ;
5,224,932:
1,591,622
Fines and forfeitures
115,410
115,410
132,616
17,206
Use of money & property
516,460
1,077,630 ,
40,907 ,
(1,036,723)
Intergovernmental
181,880
181,800 ;
208,904
27,104
'Charges for service
6,584,890.
6,587,790 '
9,106,724
2,518,934
Other revenue
7,769,070
7,252,990
8,412,140
1,159,150
:Total Revenue
59,427,270
61,975,180
67,129,922
5,154,742
General government
7,842,070 '
8,311,473
7,220,183
(1,091,290)
Publicsafety
26,571,890
33,223,137 ;
25,335,487
(7,887,650):
Highways and streets
2,184,520.
2,200,100:
2,087,339
(112,761);
Health and welfare
581,380
619,154
586,212
(32,942)'
'Culture and leisure
8,518,170 _
8,741,393
8,773,597
32,204
Community development
7,301,170
8,009,140
8,400,831
391,691 '.
,Total expenditures
52,999,200
61,104,397
52,403,649 s
(8,700,748)s
Transfer in
Transfer out
Total other financing sources
28,800
116,400 116,360
1NETCHANGE IN FUND BALANCE (4,268,530)` (3,515,484), 12,553,3811 ; 11,642,034;
Over the course of the year, revisions were made to the City budget with adjustments that
generally fall into one of the following three categories:
• Adjustments to carry over operating budgets from the prior year.
• Adjustments to carry over capital expenditure budgets, typically in the form of transfers
out to capital improvement funds, from the prior year.
17
of DU�m CITY OF DUBLIN
rn or=% a�
8 Management's Discussion and Analysis (MDA) June 30, 2013
�LIFpR��
• Adjustments to revenue and expenditure budgets based on current economic
conditions, new revenue sources, and /or operational spending needs after the original
budget was adopted.
In the General Fund total actual revenues exceeded the final budget by $5.2 million as of June
30, 2013. General Fund expenditures came in $8.7 million lower than the final budget, as a
result of the budgeted $6.5 million payment that did not occur, for the City's share of Alameda
County Fire Department's retiree health obligation. Transfers out for capital improvement
projects came in $2.2 million under budget, with the remaining budgets carried over in FY 2013-
14 for the continuation of projects.
General Fund Taxes came in $0.9 million, or 2.0 %, over budget, due the net impact of higher
property tax revenues which offset sales taxes coming in lower than estimated; real property
transfer taxes also increased, reflecting movement in the real estate industry, as did franchise
tax collections.
Licenses and permit revenue came in $1.6 million over budget as a result of gains in building
permit revenue generated by developers in advance of the original projected construction
dates. It is important to note that permit fees can be paid in one fiscal year with the inspection
expenses incurred across multiple future years.
Revenue associated with the use of money and property came in $1.0 million under budget,
due to a significant booking of unrealized gains during FY 2012 -13. Actual revenue earned,
though still lower than several years ago due to market conditions, stayed on target with
budget.
Charges for Services had a positive change of $2.5 million over the final budget, a variance of
38.2 %. This is primarily attributable to significant increases in plan checking and zoning services,
which fluctuate year by year with development activity. In FY 2012 -13, residential mortgage
rates remained low, sustaining the demand for new homes. Culture & Leisure Services
programs revenue, particularly related to sports and family events and classes, also came in
higher than anticipated.
Departmental expenditures in the General Fund remained largely under the final budget, with
the most significant variance in the Public Safety function. In addition to the fire services retiree
health payment that did not occur, the remaining budget for police services was carried over
into FY 2013 -14, as was $.07 million in budgeted contingency funds within the General
Government function.
18
of DU�m CITY OF DUBLIN
iii
1� C�� 8 Management's Discussion and Analysis (MDA) June 30, 2013
O'�LIFOR��
CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
The City's investment in capital assets for its governmental activities, as of June 30, 2013,
amount to $438.4 million (net of accumulated depreciation). These capital assets includes land
and streets right of way, buildings, park and roadway improvements, vehicles and other
equipment and construction in progress, as summarized in Table 6 below. During FY 2012 -13,
the City's investment in capital assets increased by approximately $4.9 million (1.1%), due to
primarily to additions to infrastructure and to project construction in progress.
TABLE 6: SUMMARY OF INVESTMENT IN CAPITAL ASSETS
June 30, 2013 and 2012
Less Accumulated Depreciation (241,160,079) (231,158,902) (10, 001, 177) 4.3%
Total Net of Depreciation 438,401,573 433,548,887 4,852,686 ; 1.1%'.
The City continued its active Capital Improvement Program with significant progress made on a
variety of community assets. A comprehensive list of all CIP expenditures during FY 2012 -13
fiscal year is presented in Table 7 below (this includes project costs that may not have any
impact on changes to capital assets, such as repairs or planning costs).
19
Governmental Activities
June 30, 2013
June 30, 2012.
$ Change
% Change
Land
166, 506, 225
166,506, 225
-
0.0%
Streets right of way
35,425,288:
35,425,288
-
0.0•x!
Construction in Progress
14,982,025
10,232,445
4,749,580 ;
46.49/o !
Infrastructure
383,700,250
373,765,547
9,934,703 `
2.7%
Buildings and Improvements
70,721,237
70,248,471
472,766
0.7%
Machinery and Equipment
8,226,627
8,529,813
(303,186)
- 3.6%'.
Sub -Total
679,561,652
664,707,789
14,853,863 '
2.2%'
Less Accumulated Depreciation (241,160,079) (231,158,902) (10, 001, 177) 4.3%
Total Net of Depreciation 438,401,573 433,548,887 4,852,686 ; 1.1%'.
The City continued its active Capital Improvement Program with significant progress made on a
variety of community assets. A comprehensive list of all CIP expenditures during FY 2012 -13
fiscal year is presented in Table 7 below (this includes project costs that may not have any
impact on changes to capital assets, such as repairs or planning costs).
19
C0 ID) U CITY OF DUBLIN
8
\` 1 Management's Discussion and Analysis (MDA) June 30, 2013
TABLE 7: SUMMARY OF CAPITAL IMPROVEMENT PROJECT ACTIVITY
As of June 30, 2013
PROJECT NAME
Actual Status
Network System Upgrade
235,505.51
74,173.84
In progress
Geographic Information System (new phase continued in 13 -14)
37,000.62
33,844.45
Complete
Civic Center Modification Design and Construction
900,867.98 ;
589,166.79
In progress
Civic Center Generator
14,473.51
7,038.50
In progress
Maintenance Yard Facility Improvements
2,992,279.00 `
730,193.85
In progress
Public Safety Complex
2,019,309.75
637,172.18
In progress
Telephone System
409,890.00
266,566.63
Complete
Energy Upgrade
7,376,007.55
6,512,394.13
"In progress
Annual ADA Transition Plan (FY 12-
1.00 14,400.00 !Annual Project
PARS e,
56,443.01 `
.
Eastern Dublin Arterial Street and Freeway Improvements
1,307,586.91
Emerald Glen Park Recreation and Aquatic Complex
733,048.10
265,931.64
In progress
Passatempo Park
1,217,530.14
486,872.97
In progress
Positano Neighborhood Park
1,326,789.60
1,319,091.28
In progress
Shannon Park Water Play Area
311,884.00
83,425.16
:In progress
Iron Horse Parkland Acauisition and Master Plan
253,300.00 `
166,699.98
In progress
Dublin Boulevard Improvements - Silvergate Drive to Hansen Drive
56,443.01 `
55,998.51 'Complete
Eastern Dublin Arterial Street and Freeway Improvements
1,307,586.91
103,771.44 In progress
Alamo Canal Trail Under 1 -580
1,063,105.61 ;
1,063,118.04 !Complete
Citywide Street Storm Drain Condition Assessment
74,622.89 ,
74,622.49 In progress
Citywide Signal Communications Upgrade
294,348.00:
93,067.73 In progress
Dublin Ranch Street Light Pole Painting Project
28,752.92 `,
21,112.83 'Annual Project'!.
Dougherty Road Improvements Sierra Lane to North City Limit
691,238.73:
380,517.62 In progress
Dublin Boulevard Improvements - Sierra Court to Dublin Court
158,029.03 ;;
152,741.00 In progress
West Dublin BART Golden Gate Drive Improvements
1,982,505.95
1,815,910.72 In progress
Storm Drain Bypass San Ramon Rd
95,131.00
87,762.51 In progress
Storm Drain Trash Capture_ Project
132,875.00:
37,731.3.8_ In progress
Amador Valley Boulevard Pedestrian Safety Improvements at
Midblock Crosswalk Between Regional Street and Starwood Drive
15,296.00 -
- In progress
Accessible Pedestrian Signal Retrofit of Existing Traffic Signals
29,000.00 '
- In progress
Annual Street Overlay Program (FY 11 -12)
719,824.40:
719,074.65 Annual Project;
Annual Street Overlay Program (FY 12 -13)
478,413.00.
332,966.74 Annual Project)
Annual Slurry Seal Program (FY 12 -13)
31,928.00
8,131.01 'Annual Proiect
20
of�LrD CITY OF DUBLIN
82 Management's Discussion and Analysis (MDA) June 30, 2013
04LIFOR���
Debt
In FY 2012 -13, the City entered into a lease financing arrangement to fund planned energy -
efficient improvements through an Energy Services Performance Contract with Chevron
Solutions. The total amount financed was $6.8 million, which was added to the City's long -term
debt category, with an average repayment of $0.6 million annually for fourteen years. (see
Note 7)
ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS
The City is currently preparing its next two -year budget for City Council adoption before July 1,
2014. Key economic indicators, including property values, sales activity, and development
within the City, are showing a continued gradual recovery from the recession of 2009. However,
while the City has been able to sustain service delivery and continue to fund improvement
projects throughout the downturn, employee and contractual services costs will be at the
forefront of long -term strategic discussions with the City Council. The 10 -Year Strategic Plan will
be focused on addressing these rising costs, with the goal of sustaining the high level of services
that the City provides to a growing Dublin community.
Major factors affecting the two -year budget as well as the longer term forecast include the
sustainability of the public safety contract costs, the ongoing cost of maintaining current future
City parks and facilities, rising health costs, and pension funding obligations. The City remains
focused on adopting a balanced operating budget, while setting aside appropriate reserves for
unplanned events as well as for future capital needs.
Copies of the adopted Budget and Financial Plan are available online at www.dublin.ca.gov.
REQUESTS FOR INFORMATION
This financial report is designed to provide a general overview of the financial position of the
City for all those with an interest in the government's finances. Questions concerning any of the
information provided in this report or requests for additional financial information should be
addressed to the following address: City of Dublin, Finance Department, 100 Civic Plaza, Dublin,
CA 94568. A copy of this financial report is also located at the City's website —
www.dublin.ca.gov.
21
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CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2013
GOVERNMENT -WIDE FINANCIAL STATEMENTS
STATEMENT OF NET POSITION
AND STATEMENT OF ACTIVITIES
23
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CITY OF DUBLIN
STATEMENT OF NET POSITION
JUNE 30, 2013
Noncurrent assets:
Governmental
Notes receivable (Note 5)
Activities
ASSETS
17,717
Current assets:
268,997
Cash and investments (Note 3)
$150,882,104
Restricted cash (Note 3)
1,076,574
Prepaids
76,622
Accounts receivable
6,318,254
Accrued interest receivable
202,809
Total current assets
158,556,363
Noncurrent assets:
Notes receivable (Note 5)
10,774,156
OPEB asset - City of Dublin (Note 12)
17,717
Capital assets (non - depreciable) (Note 6):
268,997
Land
166,506,225
Streets right of way
35,425,288
Construction in progress
14,982,025
Capital assets (depreciable)(Note 6)
23,394,620
Infrastructure
383,700,250
Building and improvements
70,721,237
Vehicles and equipment
8,226,627
Less accumulated depreciation
(241,160,079)
Total capital assets
438,401,573
Total noncurrent assets
449,193,446
Total Assets
607,749,809
LIABILITIES
96,750
Current liabilities:
52,548,095
Accounts payable
11,885,296
Accrued wages & other payroll liabilities
576,008
Deposits payable
1,500,814
Contract retention payable
448,502
Other payables
289,770
Unearned revenue
479,535
Compensated absences - Due within one year (Note 1 G)
627,661
Long term debt (Note 7):
Due in one year
627,018
Total current liabilities
16,434,604
Noncurrent liabilities:
Net OPEB obligation - Dublin Regional Fire Authority (Note 12B)
290,299
Claims payables (Note 13)
271,914
Compensated absence (Note 1G)
268,997
Long -term debt (Note 7):
Due in more than one year
6,128,806
Total noncurrent liabilities
6,960,016
Total Liabilities
23,394,620
NET POSITION (Note 9)
Net Investment in capital assets
432,722,323
Restricted for:
Public safety
1,513,120
Impact fee projects
39,026,521
Highways and streets
4,536,293
Health and welfare
7,375,411
Culture and leisure
96,750
Total restricted
52,548,095
Unrestricted
99,084,771
Total Net Position
$584,355,189
See accompanying notes to financial statements
25
CITY OF DUBLIN
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2013
Governmental Activities:
General government
Public safety
Highways and streets
Health and welfare
Culture and leisure
Community development
Total Governmental Activities
General revenues:
Taxes
Property taxes
Sales tax
Other taxes
Total Taxes
Intergovernmental (unrestricted)
Miscellaneous
Unrestricted investment earnings (loss)
Total general revenues
Change in Net Position
Net position:
Beginning of year
End of year
See accompanying notes to financial statements
26
Program Revenues
Operating
Capital
Charges for
Grants and
Contributions
Expenses
Services
Contributions
and Grants
$10,265,476
$142,353
$4,154,160
26,846,045
2,482,060
$746,254
269,408
7,241,263
470,063
7,413,035
3,753,875
3,422,782
319,771
2,410,457
10,772,868
2,463,146
69,025
14,442,693
9,979,877
9,540,241
$68,859,404
$18,520,645
$1,135,050
$28,689,753
See accompanying notes to financial statements
26
Total
Program
Revenues
$4,296,513
3,497,722
7,883,098
6,153,010
16,974,864
9,540,241
$48,345,448
Net (Expense)
Revenue and
Changes in
Net Position
Governmental
Activities
($5,968,963)
(23,348,323)
641,835
2,399,135
6,201,996
(439,636)
(20,513,956)
23,590,102
15,359,340
5,054,257
44,003,699
208,904
4,729,261
(399,590)
48,542,274
28,028,318
556,326,871
$584,355,189
27
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CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2013
FUND FINANCIAL STATEMENTS
The funds described below were determined to be Major Funds by the City in Fiscal Year 2012 -2013. Individual
non -major funds may be found in the Supplemental.
The General Fund - is the governments primary operating fund. It accounts for all financial resources of the
City, except those required to be accounted for in another fund.
The Affordable Housing Special Revenue Fund - is used to account for in -lieu fees received from developers of
properties, which can only be used for the design, development, and construction of citywide affordable housing
projects and/or support of affordable housing programs.
The General Improvements Projects Capital Projects Fund - is used to manage the programming of funds and
activities associated with major Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that are general in nature and are not Streets, Parks,
or Community Improvements projects.
The Community Improvements Projects Capital Projects Fund - is used to manage the programming of funds
and activities associated with major Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would promote or enhance redevelopment,
revitalization, beautification of the City's infrastructure and are not General Improvements, Streets or Parks
related projects.
The Parks Projects Capital Projects Fund - is used to manage the programming of funds and activities
associated with major Capital Improvements Projects. The Fund accumulates resources for capital expenditures
and utilizes those resources to support projects that would construct, improve, or enhance the City's parks and
facilities.
The Streets Projects Capital Projects Fund - is used to manage the programming of funds and activities
associated with major Capital Improvements Projects. The Fund accumulates resources for capital expenditures
and utilizes those resources to support projects that would construct, improve, or enhance the City's trails,
highways, streets, roads, bridges, as well as street lighting, and storm drain systems.
The Public Facilities Impact Fees Capital Projects Fund - is used to account for impact fees received from
developers of properties, which can only be used for the design, development, and construction of new public
facilities within the City.
The Fire Impact Fees Capital Projects Fund - is used to account for impact fees received from developers of
properties, which can only be used for the design, development, and construction of fire capital expansion
projects within the City.
The Traffic Impact Fees Capital Projects Fund - is used to account for impact fees received from developers of
properties, which can only be used for the design, development and construction of street and highway projects
which serve as part of the City's transportation network.
29
CITY OF DUBLIN
GOVERNMENTAL FUNDS
BALANCE SHEET
JUNE 30, 2013
See accompanying notes to financial statements
30
Capital Project Funds
Special Revenue Fund
General
Community
Affordable
Improvement
Improvement
Parks
General
Housing
Projects
Projects
Projects
ASSETS
Cash and investments (Note 3)
$80,020,868
$7,044,992
$322,373
$66,727
$418,712
Prepaids
34,757
Accounts receivable
3,679,475
500
Accrued interest receivable
202,809
Notes receivable (Note 5)
10,774,156
Due from other funds (Note 413)
2,056,832
Advances to ISF PERS Side Fund (Note 4C)
1,642,768
Advances to other funds (Note 4C)
1,098,607
Total Assets
$88,736,116
$17,819,648
$322,373
$66,727
$418,712
LIABILITIES
Accounts payable
$8,584,668
$19,868
$291,294
$63,410
$407,333
Accrued wages and other payroll liabilities
576,008
Deposits payable
1,489,006
11,808
Contract retention payable
31,079
3,317
11,379
Other payables
289,770
Unearned revenue
479,535
Due to other funds (Note 4B)
Advances from other funds (Note 4C)
Total Liabilities
11,418,987
31,676
322,373
66,727
418,712
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - loans receivable
10,774,156
Total Deferred Inflows of Resources
10,774,156
FUND BALANCES (Note 9)
Non Spendable
2,836,130
Restricted
500,000
7,013,816
Committed
36,020,171
Assigned
23,912,896
Unassigned
14,047,932
Total Fund Balances (Deficit)
77,317,129
7,013,816
Total Liabilities, Deferred Inflows of
Resources and Fund Balances
$88,736,116
$17,819,648
$322,373
$66,727
$418,712
See accompanying notes to financial statements
30
Capital Project Funds
Public Fire Traffic
Streets Facilities Impact Impact
Projects Impact Fees Fees Fees
Other Total
Governmental Governmental
Funds Funds
$440,853 $28,989,875 $10,304,249 $8,556,681 $136,165,330
34,757
181,110 2,339,097 6,200,182
202,809
10,774,156
2,056,832
1,642,768
1,098,607
$440,853 $28,989,875 $10,485,359 $10,895,778 $158,175,441
$354,473 $942,806 $831,396 $11,495,248
576,008
1,500,814
86,380 132,155
289,770
479,535
1,963,924 1,963,924
$1,098,607 1,098,607
440,853 1,098,607 942,806 2,795,320 17,536,061
10, 774,156
10,774,156
$2,836,130
$28,989,875 9,542,553 8,100,458 54,146,702
36,020,171
23,912,896
(1,098,607) 12,949,325
28,989,875 (1,098,607) 9,542,553 8,100,458 129,865,224
$440,853 $28,989,875 $10,485,359 $10,895,778 $147,401,285
31
This Page Left Intentionally Blank
CITY OF DUBLIN
Reconciliation of the
GOVERNMENTAL FUNDS -- BALANCE SHEET
with the
STATEMENT OF NET POSITION
June 30, 2013
Total fund balances reported on the governmental funds balance sheet $129,865,224
Amounts reported for Governmental Activities in the Statement of Net Position
are different from those reported in the Governmental Funds above because of the following:
CAPITAL ASSETS
Capital assets used in Governmental Activities are not current assets or financial resources and
therefore are not reported in the Governmental Funds. 389,134,562
ALLOCATION OF INTERNAL SERVICE FUND NET POSITION
Internal service funds are not governmental funds. However, they are used by management to
charge the costs of certain activities, such as insurance and central services and maintenance
to individual governmental funds. The net current assets of the Internal Service Funds are therefore
included in Governmental Activities in the following line items in the Statement of Net Position
Cash and investments
$14,716,774
Restricted cash
1,076,574
Prepaid items
41,865
Accounts receivable
118,072
Capital assets
49,267,011
Accounts payable and accruals
(390,048)
Contract retentions payable
(316,347)
Interfund balance
(1,735,676)
Capital lease
(6,755,824)
56,022,401
ACCRUAL OF NON - CURRENT REVENUES AND EXPENSES
Revenues which are deferred on the Fund Balance Sheets because they are not available currently
are taken into revenue in the Statement of Activities.
10,774,156
LONG -TERM ASSETS AND LIABILITIES
The assets and liabilities below are not due and payable in the current period and therefore are not
reported in the Funds:
OPEB asset - City of Dublin 17,717
OPEB obligation - Dublin Regional Fire Authority (290,299)
Non - current portion of compensated absences (896,658)
Non - current portion of general liability claims (271,914)
(1,441,154)
NET POSITION OF GOVERNMENTAL ACTIVITIES $584,355,189
See accompanying notes to financial statements
33
CITY OF DUBLIN
GOVERNMENTAL FUNDS
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Sales tax
Other taxes
Intergovernmental
Licenses and permits
Charges for service
Interest
Use of property
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
General Government
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Capital outlay
General improvements
Community improvements
Culture and leisure
Streets
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
67,129,922 2,571,054
7,220,183 10,602
25,335,487
2,087,339
586,212 709,130
8,773,597
8,400,831
$8,866,096
$81,234
$2,322,021
52,403,649 719,732 8,866,096 81,234 2,322,021
14,726,273 1,851,322 (8,866,096) (81,234) (2,322,021)
OTHER FINANCING SOURCES (USES)
Special Revenue Fund
Capital Project Funds
Debt issued
General Community
Transfers in (Note 4A)
Affordable
Improvement Improvement Parks
General
Housing
Projects Projects Projects
Total Other Financing Sources (Uses)
(2,172,892)
$23,590,102
NET CHANGE IN FUND BALANCES
12,553,381
15,359,340
BEGINNING FUND BALANCES (DEFICIT)
64,763,748
5,054,257
ENDING FUND BALANCES (DEFICIT)
$77,317,129
208,904
5,224,932
9,106,724
$97,854
(524,529)
53,320
565,436
15,071
132,616
2,404,809
8,412,140
67,129,922 2,571,054
7,220,183 10,602
25,335,487
2,087,339
586,212 709,130
8,773,597
8,400,831
$8,866,096
$81,234
$2,322,021
52,403,649 719,732 8,866,096 81,234 2,322,021
14,726,273 1,851,322 (8,866,096) (81,234) (2,322,021)
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers in (Note 4A)
116,360
6,600 8,866,096 81,234 2,322,021
Transfers (out) (Note 4A)
(2,289,252)
Total Other Financing Sources (Uses)
(2,172,892)
6,600 8,866,096 81,234 2,322,021
NET CHANGE IN FUND BALANCES
12,553,381
1,857,922
BEGINNING FUND BALANCES (DEFICIT)
64,763,748
5,155,894
ENDING FUND BALANCES (DEFICIT)
$77,317,129
$7,013,816
See accompanying notes to financial statements
W
RN
Capital Project Funds
Public
Fire
Traffic
Other
Total
Streets
Facilities
Impact
Impact
Governmental
Governmental
Projects
Impact Fees
Fees
Fees
Funds
Funds
$152,234
$23,742,336
501,428
15,860,768
5,054,257
4,325,844
4,534,748
5,224,932
2,774,501
11,979,079
$143,401
$77,127
65,214
(185,467)
580,507
193,411
326,027
12,830,985
$269,408
2,713,851
1,326,639
19,545,692
722,061
9,134,201
980,775
980;775
12,974,386
269,408
2,790,978
11,042,107
96,777,855
369,317
7,600,102
9,101
1,298,961
26,643,549
1,009,159
3,096,498
2,854,257
4,149,599
146,219
8,919,816
44
185,254
8,586,129
8,866,096
81,234
2,565
2,324,586
$4,946,527
4,946,527
4,946,527
2,565
9,101
369,361
5,493,850
75,214,136
(4,946,527)
12,971,821
260,307
2,421,617
5,548,257
21,563,719
4,946,527
16,338,838
(2,322,021)
(913,825)
(3,990,707)
(9,515,805)
4,946,527
(2,322,021)
(913,825)
(3,990,707)
6,823,033
10,649,800
260,307
1,507,792
1,557,550
28,386,752
18,340,075
(1,358,914)
8,034,761
6,542,908 '
101,478,472
$28,989,875
($1,098,607)
$9,542,553
$8,100,458
$129,865,224
RN
CITY OF DUBLIN
Reconciliation of the
NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS
with the
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2013
The schedule below reconciles the Net Changes in Fund Balances reported on the Governmental Funds Statement of
Revenues, Expenditures and Changes in Fund Balance, which measures only changes in current assets and current
liabilities on the modified accrual basis, with the Change in Net Position of Governmental Activities reported in the
Statement of Activities, which is prepared on the full accrual basis.
NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS $28,386,752
Amounts reported for governmental activities in the Statement of Activities
are different because of the following:
CAPITAL ASSET TRANSACTIONS
Governmental Funds report capital outlays as expenditures. However,
in the Statement of Activities the cost of those assets is capitalized and allocated over
their estimated useful lives and reported as depreciation expense.
Capitalized expenditures are therefore added back to fund balance 14,611,418
Loss on sale of capital assets is deducted from the fund balance (135,411)
Depreciation expense is deducted from the fund balance. The amount excludes the
depreciation of $2,494,349 for Internal Service Funds (7,915,905)
ACCRUAL OF NON - CURRENT ITEMS
The amounts below included in the Statement of Activities do not provide or (require) the use of
current financial resources and therefore are not reported as revenue or expenditures in
governmental funds (net change):
Deferred revenue 346,185
Compensated absences (33,280)
OPEB asset - City of Dublin 17,717
OPEB obligation - Dublin Regional Fire Authority (13,584)
ALLOCATION OF INTERNAL SERVICE FUND ACTIVITY
Internal Service Funds are used by management to charge the costs of certain activities,
such as equipment acquisition, maintenance, and insurance to individual funds.
The portion of the net revenue (expense) of these Internal Service Funds arising out
of their transactions with governmental funds is reported with governmental activities,
because they service those activities.
Change in Net Assets - All Internal Service Funds (7,235,574)
CHANGE IN NET POSITIONS OF GOVERNMENTAL ACTIVITIES $28,028,318
See accompanying notes to financial statements
36
CITY OF DUBLIN
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Sales tax
Othertaxes
Intergovernmental
Licenses and permits
Charges for service
Interest
Use of property
Fines and forfeitures
Other revenue
Total Revenues
EXPENDITURES
Current:
General government
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
Budgeted Amounts
Original Final
Variance with
Final Budget
Positive
Actual Amounts (Negative)
$23,073,950
$23,073,950
$23,590,102
$516,152
14,550,000
15,850,000
15,359,340
(490,660)
4,202,300
4,202,300
5,054,257
851,957
181,800
181,800
208,904
27,104
2,433,310
3,633,310
5,224,932
1,591,622
6,584,890
6,587,790
9,106,724
2,518,934
553,030
553,690
(524,529)
(1,078,219)
516,460
523,940
565,436
41,496
115,410
115,410
132,616
17,206
7,216,120
7,252,990
8,412,140
1,159,150
59,427,270
61,975,180
67,129,922
5,154,742
7,842,070
8,311,473
7,220,183
1,091,290
26,571,890
33,223,137
25,380,968
7,842,169
2,184,520
2,200,100
2,087,339
112,761
581,380
619,154
586,212
32,942
8,518,170
8,741,393
8,728,116
13,277
7,301,170
8,009,140
8,400,831
(391,691)
52,999,200
61,104,397
52,403,649
8,700,748
6,428,070
870,783
14,726,273
13,855,490
28,800
116,400
116,360
(40)
(10,725,400)
(4,502,667)
(2,289,252)
2,213,415
(10,696,600)
(4,386,267)
(2,172,892)
2,213,375
($4,268,530)
($3,515,484)
12,553,381
$16,068,865
See accompanying notes to financial statements
37
64,763,748
$77,317,129
CITY OF DUBLIN
AFFORDABLE HOUSING SPECIAL REVENUE FUND
STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES:
Interest
Loan repayment
Charges for services
Developer fees
Total Revenues
EXPENDITURES:
Current:
General government
Health and welfare
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
See accompanying notes to financial statements
38
5,155,894
$7,013,816
Variance with
Budgeted Amounts
Final Budget
Positive
Original
Final
Actual Amounts
(Negative)
$74,160
$74,160
$53,320
(20,840)
15,071
15,071
50,600
50,600
97,854
47,254
1,175,500
1,175,500
2,404,809
1,229,309
1,300,260
1,300,260
2,571,054
1,270,794
53,780
53,780
10,602
43,178
1,003,700
1,003,700
709,130
294,570
1,057,480
1,057,480
719,732
337,748
242,780
242,780
1,851,322
1,608,542
6,600
6,600
6,600
6,600
6,600
6,600
$249,380
$249,380
1,857,922
$1,608,542
See accompanying notes to financial statements
38
5,155,894
$7,013,816
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2013
PROPRIETARY FUNDS
Proprietary funds account for City operations financed and operated in a manner similar to a private business
enterprise. The intent of the City is that the cost of providing goods and services be financed primarily through user
charges.
39
CITY OF DUBLIN
PROPRIETARY FUNDS
STATEMENT OF NET POSITION
JUNE 30, 2013
Noncurrent Assets:
Governmental
Capital Assets (Note 6):
Activities -
Land
hltemal Service
Construction in progress
Funds
ASSETS
62,115,075
Current Assets:
6,594,378
Cash and investments (Note 2)
$14,716,774
Restricted cash
1,076,574
Prepaid items
41,865
Accounts receivable
118,072
Total current assets
15,953,285
Noncurrent Assets:
Capital Assets (Note 6):
Land
10,774,792
Construction in progress
847,989
Building and improvements
62,115,075
Vehicles and equipment
6,594,378
Less: accumulated depreciation
(31,065,223)
Total noncurrent assets
49,267,011
Total Assets
65,220,296
LIABILITIES
Current Liabilities:
Accounts payable and accruals 390,048
Contract retentions payable 316,347
Due to other funds (Note 4B) 92,908
Capital lease (Note 7) 627,018
Total current liabilities 1,426,321
Non - Current Liabilities:
Capital lease (Note 7) 6,128,806
Advances from other funds (Note 4C) 1,642,768
Total Liabilities 9,197,895
NET POSITION (Note 9)
Net investment in capital assets 49,267,011
Unrestricted 6,755,390
Total Net Position $56,022,401
See accompanying notes to financial statements
M
CITY OF DUBLIN
PROPRIETARY FUNDS
STATEMENT OF REVENUE, EXPENSES
AND CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2013
NONOPERATING REVENUES
Governmental
Interest income
Activities -
Gain from sales of property
Internal Service
Total Nonoperating Revenues
Funds
OPERATING REVENUES
(412,541)
Charges for services
$3,050,223
Other revenue
465,710
Total Operating Revenues
3,515,933
OPERATING EXPENSES
Supplies and services
(62,313)
OPEB expenses
1,636,146
Depreciation
2,494,349
Total Operating Expenses
4,068,182
Operating Loss
(552,249)
NONOPERATING REVENUES
Interest income
124,938
Gain from sales of property
14,770
Total Nonoperating Revenues
139,708
Loss Before Transfers
(412,541)
Transfer out (Note 4A)
(6,823,033)
Change in net position
(7,235,574)
Net Position - Beginning of year 63,257,975
Net Position - Ending of year $56,022,401
See accompanying notes to financial statements
41
CITY OF DUBLIN
PROPRIETARY FUNDS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from other funds
Payments to suppliers and service providers
Otherrevenues
Net cash flows from operating activities
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Payments to other funds
Cash Flows from Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Proceed from issuance of debt
Purchase of capital assets
Proceeds from sales of capital assets
Cash Flows from Capital and Related Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Cash Flows from Investing Activities
Net Cash Flows
Cash and investments at beginning of year
Cash and investments at end of year
Reconciliation of operating loss to
net cash provided by operating activities:
Operating loss
Adjustments to reconcile operating loss to
net cash provided by operating activities:
Depreciation
Change in assets and liabilities:
Accounts receivable
Prepaid items
Accounts payable and accruals
Net cash flows from operating activities
See accompanying notes to financial statements
42
Governmental
Activities -
Internal Service
$3,297,071
(985,854)
465,710
2,776,927
(7,396,012)
(7,396,012)
6,755,824
(740,534)
14,770
6,030,060
124,938
124,938
1,535,913
14,257,435
$15,793,348
($552,249)
2,494,349
252,417
(6,667)
589,077
$2,776,927
CITY OF DUBLIN
Comprehensive Annual Financial Report
For the Year Ended June 30, 2013
FIDUCIARY FUNDS
Agency funds are used to account for assets held by the City as an agent for individuals, private organizations,
and other governments. The financial activities of these funds are excluded from the Entity -wide financial
statements, but are presented in separate Fiduciary Fund financial statements.
43
CITY OF DUBLIN
FIDUCIARY FUNDS
STATEMENT OF FIDUCIARY NET POSITION
JUNE 30, 2013
Agency
Fund
ASSETS
Cash and investments (Note 3) $1,766,397
Accounts receivable $2,867
Due from trustee 900
Total Assets $1,770,164
LIABILITIES
Accounts payable
$22,207
Due to City
900
Due to trustee
1,739,820
Due to bondholders
7,237
Total Liabilities $1,770,164
See accompanying notes to financial statements
44
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements and accounting policies of the City conform with generally accepted accounting
principles applicable to governments. The Governmental Accounting Standards Board (GASB) is the
accepted standard- setting body for establishing governmental accounting and financial reporting principles.
Significant accounting policies are summarized below:
A. Reporting Entity
The City is a residential community with a significant regional commercial base, located in the TriValley
area of Alameda County, California at the crossroads of Interstate Freeways 580 and 680. The City was
incorporated as a municipal corporation on February 1, 1982. The total population estimate published by
the California Department of Finance for January 1, 2013 was 49,890. This figure includes prisoners
housed at the Alameda County Sheriffs Department Santa Rita Jail and at the Federal Correctional
Institute. The City of Dublin was ranked based on total population at #175 out of 482 cities within
California.
The City operates under the Council- Manager form of government, with five elected Council members
served by a full -time City Manager and staff. At June 30, 2013, the City's staff was comprised of 87
authorized permanent employees who were responsible for City- provided services. The City provides many
traditional municipal services through contracts with both public and private agencies. Approximately 121
contract employees provide a variety of municipal services from City facilities. As of June 30, 2013, the
City had approximately 106 temporary and seasonal personnel that were on active payroll status.
B. Basis of Presentation
The City's Basic Financial Statements are prepared in conformity with accounting principles generally
accepted in the United States of America. The Government Accounting Standards Board is the
acknowledged standard setting body for establishing accounting and financial reporting standards followed
by governmental entities in the U.S.A.
These Standards require that the financial statements described below be presented.
Government -wide Statements: The Statement of Net Position and the Statement of Activities display
information about the primary government (the City). These statements include the financial activities of
the overall City government, except for fiduciary activities. Governmental activities generally are financed
through taxes, intergovernmental revenues, and other nonexchange transactions.
The Statement of Activities presents a comparison between direct expenses and program revenues for each
function of the City's governmental activities. Direct expenses are those that are specifically associated
with a program or function and, therefore, are clearly identifiable to a particular function. Program
revenues include (a) charges paid by the recipients of goods or services offered by the programs, (b) grants
and contributions that are restricted to meeting the operational needs of a particular program and (c) fees,
grants and contributions that are restricted to financing the acquisition or construction of capital assets.
Revenues that are not classified as program revenues, including all taxes, are presented as general
revenues.
45
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Fund Financial Statements: The fund financial statements provide information about the City's funds,
including fiduciary funds. Separate statements for each fund category — governmental, proprietary, and
fiduciary — are presented. The emphasis of fund financial statements is on major individual governmental
and enterprise funds, each of which is displayed in a separate column. All remaining governmental and
enterprise funds are aggregated and reported as nonmajor funds.
Proprietary fund operating revenues, such as charges for services, result from exchange transactions
associated with the principal activity of the fund. Exchange transactions are those in which each parry
receives and gives up essentially equal values. Nonoperating revenues, such as subsidies and investment
earnings, result from nonexchange transactions or ancillary activities.
C. Major Funds
Major funds are defined as funds that have either assets, liabilities, revenues or expenditures /expenses
equal to ten percent of their fund -type total and five percent of the grand total. The General Fund is always
a major fund. The City may also select other funds it believes should be presented as major funds.
The City reported the following major governmental funds in the accompanying financial statements:
The General Fund - is the governments primary operating fund. It accounts for all financial resources of
the City, except those required to be accounted for in another fund.
The Affordable Housing Special Revenue Fund - is used to account for in -lieu fees received from
developers of properties, which can only be used for the design, development, and construction of citywide
affordable housing projects and/or support of affordable housing programs.
The General Improvements Projects Capital Projects Fund - is used to manage the programming of funds
and activities associated with major Capital Improvements Projects. The Fund accumulates resources for
capital expenditures and utilizes those resources to support projects that are general in nature and are not
Streets, Parks, or Community Improvements projects.
The Community Improvements Projects Capital Projects Fund - is used to manage the programming of
funds and activities associated with major Capital Improvements Projects. The Fund accumulates resources
for capital expenditures and utilizes those resources to support projects that would promote or enhance
redevelopment, revitalization, beautification of the City's infrastructure and are not General Improvements,
Streets or Parks related projects.
The Parks Projects Capital Projects Fund - is used to manage the programming of funds and activities
associated with major Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would construct, improve, or enhance the
City's parks and facilities.
The Streets Projects Capital Projects Fund - is used to manage the programming of funds and activities
associated with major Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would construct, improve, or enhance the
City's trails, highways, streets, roads, bridges, as well as street lighting, and storm drain systems.
Cl:'!
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
The Public Facilities Impact Fees Capital Projects Fund - is used to account for impact fees received
from developers of properties, which can only be used for the design, development, and construction of
new public facilities within the City.
The Fire Impact Fees Capital Projects Fund - is used to account for impact fees received from developers
of properties, which can only be used for the design, development, and construction of fire capital
expansion projects within the City.
The Traffic Impact Fees Capital Projects Fund - is used to account for impact fees received from
developers of properties, which can only be used for the design, development and construction of street and
highway projects which serve as part of the City's transportation network.
The City also reports the following fund types:
Internal Service Funds — Account for replacement of assets and internal charges collected for the purpose
of funding retirement plan side -fund obligations, post- retirement healthcare activities, and the financing
and funding for the energy efficiency capital lease project. These activities are provided to City
departments on a cost - reimbursement basis.
Fiduciary Funds — The City maintains one type of Fiduciary Funds - Agency Funds. The financial
activities of these funds are excluded from the Government -wide financial statement, but are presented in
separate Fiduciary Fund financial statements. Agency Funds are used to account for assets held by the City
as an agent for the following purposes:
The Dublin Boulevard Extension Assessment District is an Agency Fund, which is used to account for
amounts held for debt service on the Dublin Boulevard Extension Project. The Agency Fund is custodial in
nature (assets equal liabilities) and therefore does not involve measurement of results of operations. The
City is not responsible for payment of the bonds and acts only as an agent to collect assessments, pay
bondholders, and initiate foreclosure proceedings.
The Associated Community Action Program (ACAP) is an Agency Fund. The City acts as the fiscal agent
to collect and account for the contributions received and to coordinate administrative services leading to
the agency ceasing its operation. ACAP is a Joint Powers Authority (JPA), whose members include the
Alameda County and eleven of the thirteen incorporated cities in the County. (The cities of Berkeley and
Oakland are not members). The JPA was formed to provide and administer social service related
programs. The Agency fund is custodial in nature (assets equal liabilities) and therefore does not involve
measurement of results of operations.
The Fallon Village, Fallon Village Annex/Jordan Ranch, Fallon Crossing, and Schaefer Ranch Geological
Hazard Abatement Districts (GRAD) are Agency Funds. Each fiscal year, the District Engineer prepares
an Engineer's Report which includes the budget for the GHADs for that year. The annual budget consists of
regular site monitoring, annual inspections, contract services for annual mitigation and repairs, and
administrative costs. The funds collected through special assessment are placed into a dedicated reserve
fund. The reserve fund is set aside to be used to mitigate and repair large, geologic hazards, such as
landsides in the respective Subdivisions.
47
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
D. Basis of Accounting
The government -wide and proprietary financial statements are reported using the economic resources
measurement focus and the full accrual basis of accounting. Revenues are recorded when earned and
expenses are recorded at the time liabilities are incurred, regardless of when the related cash flows take
place.
Governmental funds are reported using the current financial resources measurement focus and the
modified accrual basis of accounting. Under this method, revenues are recognized when measurable and
available. The City considers all revenues reported in the governmental funds to be available if the
revenues are collected within sixty days after year -end. Expenditures are recorded when the related fund
liability is incurred, except for principal and interest on general long -term debt, claims and judgments, and
compensated absences, which are recognized as expenditures to the extent they have matured.
Governmental capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of
governmental long -term debt and acquisitions under capital leases are reported as other financing sources.
Those revenues susceptible to accrual at both the City -wide and Fund level are property, sales and
franchise taxes, current service charges, and interest revenue. Fines and licenses and permits are not
susceptible to accrual because they are not measurable until received in cash.
Non - exchange transactions, in which the City gives or receives value without directly receiving or giving
equal value in exchange, include taxes, grants, entitlements, and donations. On the accrual basis, revenue from
taxes is recognized in the fiscal year for which the taxes are levied or assessed. Revenues from grants,
entitlements, and donations are recognized in the fiscal year in which all eligibility requirements have been
satisfied.
Grant revenues are recognized in the fiscal year in which all eligibility requirements are met. Under the
terms of grant agreements, the City may fund certain programs with a combination of cost - reimbursement
grants, categorical block grants, and general revenues.
Certain indirect costs are included in program expenses reported for individual functions and activities.
As a general rule, the effect of interfund activity has been eliminated from the government -wide financial
statements. Exceptions to this general rule are payments -in -lieu of taxes and other charges between the
government's business -type activities and various other functions of the government. Elimination of these
charges would distort the direct costs and program revenues reported for the various functions concerned.
Amounts reported as program revenues include 1) charges to customers or applicants for goods, services,
or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions,
including special assessments. Internally dedicated resources are reported as general revenues rather than
as program revenues. Likewise, general revenues include all taxes.
48
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating
revenues and expenses generally result from providing services and producing and delivering goods in
connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the
City's internal service funds are charges to customers for sales and services. Operating expenses for
internal service funds include the cost of sales and services, administrative expenses, and depreciation on
capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues
and expenses.
E. Property Tax Revenues
Alameda County assesses properties and bills, collects, and distributes property taxes to the City. The
County remits the entire amount paid and handles the collection of all delinquencies. The City receives
proportionate shares of prior year collections including interest and penalties. Secured and unsecured
property taxes are levied on January 1 of the preceding fiscal year. The property tax assessments are
formally due on November 1 and February I, and become delinquent after December 10 and April 10,
respectively. Taxes become a lien on the property effective January 1 of the preceding year.
F. Use of Restricted Resources
When both restricted and unrestricted resources are available for use, it is the City's policy to use restricted
resources first, and then unrestricted resources as needed.
G. Compensated Absences
The City records a long -term compensated absences liability to recognize the financial effect of unused
general leave and other accrued compensated leave. The liability will be paid from future resources
primarily from the general fund.
Compensated absences activities were as follows for the year ended June 30, 2013:
Beginning Balance
Additions
Payments
Ending Balance
Current Portion
H. Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid
items in both government -wide and fund financial statements.
49
Total
Compensated
Governmental
General Leave
Leave
Activities
$846,262
$17,116
$863,378
822,107
23,429
845,536
(789,948)
(22,308)
(812,256)
$878,421
$18,237
$896,658
$614,895
$12,766
$627,661
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid
items in both government -wide and fund financial statements.
49
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
L Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles
(GAAP) requires management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting period. Actual results could differ
from those estimates.
J. New Funds and Closed Funds
In fiscal year 2012 -2013, the City created the following new funds:
AVI Economic Benefit/Business Assistance Program Special Revenue Fund — This fund was established to
account for the grant received from Amador Valley Industry and to provide business owners funding for
eligible environmental related improvements.
Energy Efficiency Internal Service Fund — This fund was established to account for the financing and
construction of the Energy Efficiency Upgrade Capital Project.
Fallon Village Annex/Jordan Ranch Geologic Hazard Abatement District Agency Fund — This fund was
established to account for the maintenance of open space areas within the Jordan Ranch development. On
May 3, 2011 the City Council approved Resolution No. 52 -11 which modified the boundaries of the Fallon
Village District. The Jordan Ranch property was annexed into the Fallon Village Geologic Hazard
Abatement District subject to a separate Engineers report.
Fallon Crossing (North Tassajara) Geologic Hazard Abatement District Agency Fund — This fund was
established to account for the maintenance of open space areas in accordance with a condition of approval
for the Fallon Crossings development project. The boundary of the District encompasses 68 acres of land
located on the northeast side of Tassajara Road, about 2 1/4 miles north of Interstate Highway 580,
Tassajara Road and Moller Creek, a tributary of Tassajara Creek, border the western and northeastern
limits of the site.
In fiscal year 2012 -2013, the City closed the following funds:
Local Law Enforcement Block Grant Fund — Established to account for police expenditures funded by Federal
Grant.
Traffic Congestion Relief (TCRF) — Established to account for traffic congestion relief expenditures funded
by a State grant.
American Recovery and Reinvestment — Established to account for the use of funds received from the federal
governments related to environmental activities.
50
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
K. Early Implementation of New GASB Pronouncement
GASB issued Statement No. 65, "Items Previously Reported as Assets and Liabilities ", which establishes
accounting and financial reporting standards that reclassify, as deferred outflows of resources or deferred
inflows of resources, certain items that were previously reported as assets and liabilities and recognizes, as
outflows of resources or inflows of resources, certain items that were previously reported as assets and
liabilities. This Statement also provides other financial reporting guidance related to the impact of the
financial statement elements deferred outflows of resources and deferred inflows of resources, such as
changes in the determination of the major fund calculations and limiting the use of the term deferred in
financial statement presentations. This Statement is effective for fiscal periods beginning after December
15, 2012. The City has elected to early implement this Statement to be effective this fiscal year ending June
30, 2013.
L. Deferred Outflows /Inflows of Resources
In addition to assets, the statement of financial position or balance sheet will sometimes report a separate
section for deferred outflows of resources. This separate financial statement element, deferred outflows of
resources, represents a consumption of net position or fund balance that applies to a future period(s) and so
will not be recognized as an outflow of resources (expense /expenditure) until then.
In addition to liabilities, the statement of financial position or balance sheet will sometimes report a
separate section for deferred inflows of resources. This separate financial statement element, deferred
inflows of resources, represents an acquisition of net position or fund balance that applies to a future
period(s) and so will not be recognized as an inflow of resources (revenue) until that time.
NOTE 2 — BUDGETS AND BUDGETARY ACCOUNTING
The City follows these procedures in establishing the budgetary data reflected in the basic financial
statements:
➢ Prior to June 30 the City Manager submits to the City Council a proposed operating budget for the
fiscal year commencing the following July 1. The operating budget includes proposed expenditures
and the means of financing them.
➢ The public is given an opportunity to comment on the budget at a noticed City Council meeting. Prior
to July 1, the budget is legally enacted through passage of a resolution.
➢ The City Manager is authorized to transfer budgeted amounts between line items, provided that the
transfer is within the same department and fund. Any revisions, which alter total departmental
expenditures of the City must be approved by City Council except as follows: The City Manager will
be allowed to transfer funds from the contingent reserve to operating departments salary and benefits
accounts when required due to employee turnover or change in status, City Council approved funding
for increases in employees salaries and benefits, and City Council approved funding for increase in
contract or labor rates. Also, the City Manager can transfer from the Contingent Reserve to address
General Fund utility expenditures which exceed the budget. Expenditures may not exceed budgeted
appropriations by fund at the departmental level, without City Council approval.
51
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 2 — BUDGETS AND BUDGETARY ACCOUNTING (Continued)
➢ Formal budgetary integration is employed as a management control device during the year for the
general fund, special revenue funds and capital projects funds.
➢ Budgets for the general, special revenue and capital projects funds are adopted on a basis consistent
with generally accepted accounting principles in the United States.
➢ All unexpended operating budget appropriations lapse at the end of the fiscal year, and the City
Council may approve a Budget Change reflecting carry -over items.
➢ As part of the annual Budget adoption the City Council authorizes Staff to carry -over unexpended
capital project appropriations, for those projects where work and expenditures will continue in the
subsequent year.
➢ The major funds below incurred expenditures in excess of their program budget in the amounts
below. Sufficient resources were available within each department to finance these overages. All
program expenditures at the fund level are under budget.
Capital Projects Fund
Fire Impact Fees
Public Safety $9,101
Traffic Impact Fees
General Government 100
NOTE 3 — CASH AND INVESTMENTS
The City's dependence on property tax receipts, which are received semi - annually, requires it to maintain
significant cash reserves to finance operations during the remainder of the year. The City pools cash as
described under the policy section below.
A. Policies
California Law requires banks and savings and loan institutions to pledge government securities with a market
value of 110% of the City's cash on deposit, or first trust deed mortgage notes with a market value of 150% of
the deposit, as collateral for these deposits. Under California law, this collateral is held in a separate
investment pool by another institution in the City's name and places the City ahead of general creditors of the
institution.
52
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 3 - CASH AND INVESTMENTS (Continued)
The City pools cash from all sources and all funds, except certain specific investments within funds and cash
with fiscal agents, so that it can be invested at the maximum yield, consistent with safety and liquidity, while
individual funds can make expenditures at any time.
The City and its fiscal agents invest in individual investments and in investment pools. Individual investments
are evidenced by specific identifiable pieces of paper called security instruments, or by an electronic entry
registering the owner in the records of the institution issuing the security, called the book entry system.
Individual investments are generally made by the City's fiscal agents as required under its debt issues. In
order to maximize security, the City employs the Trust Department of a bank as the custodian of all City
managed investments, regardless of their form.
The City's investments are carried at fair value, as required by generally accepted accounting principles. The
City adjusts the carrying value of its investments to reflect their fair value at each fiscal year end, and it
includes the effects of these adjustments in income for that fiscal year.
B. Classification
Cash and investments are classified in the financial statements as shown below, based on whether or not
their use is restricted under the terms of City agreements.
City:
Cash and investments
$150,882,104
Restricted cash and investments
1,076,574
Total City cash and investments
151,958,678
Fiduciary Funds (separate statement):
Cash and investments
1,766,397
Total Fiduciary Funds cash and investments
1,766,397
Total cash and investments $153,725,075
Cash and investments as of June 30, 2013, consist of the following:
Cash on hand $2,887
Deposits with financial institutions 4,893,224
Investments 148,828,964
Total cash and investments $153,725,075
Proprietary fund type cash and investments are used in the preparation of the statement of cash flows as
investments are not allocated to specific funds. Each of these funds' allocation of pooled cash and
investments is considered cash and cash equivalents.
53
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 3 - CASH AND INVESTMENTS (Continued)
C. Investments Authorized by the California Government Code and the City's Investment Policy
The City's Investment Policy and the California Government Code allow the City to invest in the following,
provided the credit ratings of the issuers are acceptable to the City; and approved percentages and maturities
are not exceeded. The table below also identifies certain provisions of the California Government Code, or
the City's Investment Policy where the City's Investment Policy is more restrictive.
Maximum Credit
Authorized Investment Type Maturity Quality
Percentage Investment
of Portfolio In One Issuer
Negotiable Certificates of Deposit
5 years
AA/A -1
30%
Bankers' Acceptances
180 days
A -1
40%
U.S. Treasury Bills and Notes
5 years
N/A
No Limit
U.S. Government Agency Securities
5 years
N/A
25% for callable
California Asset Management Program
N/A
N/A
No Limit
Commercial Paper
270 days
A -1
25%
Time Certificates of Deposit
1 year
N/A
10%
State Local Agency Investment Fund
N/A
N/A
75%
Money Market Funds
N/A
AAA
20%
D. Interest Rate Risk
20%
20% of Portfolio
No Limit
40%
No Limit
20% of Portfolio
No Limit
No Limit
No Limit
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an
investment. Normally, the longer the maturity of an investment, the greater the sensitivity of its fair value
to changes in market interest rates. The City generally manages its interest rate risk by holding investments
to maturity.
Information about the sensitivity of the fair values of the City's investments (including investments held by
bond trustees) to market interest rate fluctuations is provided by the following table that shows the
distribution of the City's investments by maturity or earliest call date:
Investment Type
California Local Agency Investment Fund
California Asset Management Program
Money Market
U.S. Government Agencies
Total Investments
12 Months 13 to 24 25 to 60
or less Months Months Total
$49,751,950
$49,751,950
11,951,859
11,951,859
14,358,708
14,358,708
10,053,680 $14,133,340 $48,579,427
72,766,447
$86,116,197 $14,133,340 $48,579,427 $148,828,964
The City is a participant in the Local Agency Investment Fund (LAIF) that is regulated by California
Government Code Section 16429 under the oversight of the Treasurer of the State of California. The City
reports its investment in LAIF at the fair value amount provided by LAIF, which is the same as the value of
the pool share. The balance is available for withdrawal on demand, and is based on the accounting records
maintained by LAIF, which are recorded on an amortized cost basis. Included in LAIF's investment
portfolio are collateralized mortgage obligations, mortgage- backed securities, other asset - backed securities,
loans to certain state funds, United States Treasury Notes and Bills, and floating rate securities issued by
federal agencies, government- sponsored enterprises, and corporations. At June 30, 2013, these investments
matured in an average of 278 days.
54
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 3 - CASH AND INVESTMENTS (Continued)
The City is a voluntary participant in the California Asset Management Program (CAMP). CAMP is an
investment pool offered by the California Asset Management Trust (the Trust). The Trust is a joint powers
authority and public agency created by the Declaration of Trust and established under the provisions of the
California Joint Exercise of Powers Act (California Government Code Sections 6500 et seq., or the "Act ")
for the purpose of exercising the common power of its Participants to invest certain proceeds of debt issues
and surplus funds. The Pool's investments are limited to investments permitted by subdivisions (a) to (n),
inclusive, of Section 53601 of the California Government Code. The City reports its investments in CAMP
at the fair value amounts provided by CAMP, which is the same as the value of the pool share. At June 30,
2013, the fair value approximated is the City's cost. At June 30, 2013, these investments have an average
maturity of 37 days.
The City's investments include Government Mortgage — Backed Securities in the amount of $27,929,100
that are highly sensitive to interest rate fluctuations to a greater degree than already indicated above.
E. Credit Risk
Credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder of the
investment. This is measured by the assignment of a rating by a nationally recognized statistical rating
organization. The actual ratings as of June 30, 2013 were provided by Standard and Poor's investment
rating system except as noted. The Local Agency Investment Fund was not rated as of June 30, 2013.
Investment Type
California Asset Management Program
Money Market
U.S. Government Agency Issues
Totals
Not rated.•
California Local Agency Investment Fund
Total Investments
F. Concentration of Credit Risk
AAA /AAAm AA+ Total
$11,951,859
14,358,708
$11,951,859
14,358,708
$72,766,447 72,766,447
$26,310,567 $72,766,447 99,077,014
49,751,950
$148,828,964
Included in the table at Note D above are the following significant investments in any one issuer other than
U.S. Treasury securities, mutual funds, and external investment pools.
Reporting Reported
Unit Issuer Investment Type Amount
Entity -wide
Federal Farm Credit Bank
Federal Home Loan Bank
Federal Home Loan Mortgage Corporation
Federal National Mortgage Association
55
US Government agency securities
$21,745,870
US Government agency securities
23,119,150
US Government agency securities
14,844,490
US Government agency securities
13,084,610
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
INOTE 4 - INTERFUND TRANSACTIONS
A. Transfers Between Funds
Transfers between funds during the fiscal year ended June 30, 2013 were as follows:
Fund Making Transfer Fund Receiving Transfers
General Fund General Improvements Projects Capital Projects Fund
Community Improvements Projects Capital Projects Fund
Streets Projects Capital Projects Fund
Capital Projects Funds:
Public Facilities Impact Fees Capital Projects Fund
Traffic Impact Fees Capital Projects Fund
Traffic Impact Fees Capital Projects Fund
Special Revenue Funds:
Non -Major Special Revenue Funds
Internal Service Funds:
Buildings Replacement Internal Service Fund
Equipment Replacement Internal Service Fund
Equipment Replacement Internal Service Fund
Energy Efficiency Internal Service Fund
Parks Projects Capital Projects Fund
General Fund
Streets Projects Capital Projects Fund
General Fund
Affordable Housing Special Revenue Fund
Streets Projects Capital Projects Fund
General Improvements Projects Capital Projects Fund
Streets Projects Capital Projects fund
General Improvements Projects Capital Projects Fund
General Improvements Projects Capital Projects Fund
(A) To fund capital project expenditures
(B) To reimburse General Fund staffing/administrative costs for the project
(C) To reimburse Affordable Housing Fund staffing/administrative costs for the project
(D) To reimburse General Fund for the development of a Citywide Travel Demand Model
B. Current Interfund Balances
Amount
Transferred
$2,095,663 (A)
81,234 (A)
112,355 (A)
2,289,252
2,322,021 (A)
87,580 (D)
826,245 (A)
3,235,846
28,780 (B)
6,600 (C)
3,955,327 (A)
3,990,707
307,395
(A)
52,600
(A)
258,607
(A)
6,204,431
(A)
6,823,033
$16,338,838
Current interfund balances arise in the normal course of business and are expected to be repaid shortly after
the end of the fiscal year. At June 30, 2013, the following funds have balances due to the General Fund:
Due from other funds
General Fund
Due to other funds
Non -Major Special Revenue Funds $1,963,924
Retiree Health Care Internal Service Fund 92,908
Total
56
$2,056,832
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
INOTE 4 - INTERFUND TRANSACTIONS (Continued)
C. Advances Between Funds
During the 2004 -2005 and 2005 -2006 fiscal years, the General Fund advanced funds to the Fire Impact Fees
Capital Projects Fund to aid in the financing of fire station construction projects. The advance will be repaid
through future revenues of the Fire Impact Fees Fund. Interest accrues on the advance at a rate equal to the
City's return on its investment portfolio.
During the fiscal year 2007 -2008, the General Fund made a long -term advance to the Internal Service Fund
PERS Side Fund to prepay CAPERS for the City's Side Fund Obligation. The Side Fund was created in 2005
when Ca1PERS assigned agencies with less than 100 participants to a risk sharing pool. The City had a
negative unfunded liability at the time the City was assigned to the pool. As part of Ca1PERS Employer
Contribution Rate, the City was scheduled to pay 4.319% of payroll for the next 17 years to eliminate the
current side fund obligation. The benefit of prepayment resulted in reduction of the Employer Contribution
rate in fiscal year 2007 -2008 from 15.894% to 11.575 %. The advance from General Fund is repaid annually,
calculated at the rate of 4.319% of the total salary and be recorded as an Internal Service Fund retirement
benefit expenditure with an offset to reduce the General Fund long -term advance.
The following interfund balances existed at June 30, 2013:
Advances from other funds General Fund
Fire Impact Fees Capital Projects Fund $1,098,607
PERS Side Fund Internal Service Fund 1,642,768
Total $2,741,375
NOTE 5 — NOTES RECEIVABLE
The following table summarizes the notes receivable outstanding as of June 30, 2013:
First Time Homebuyer Loan Program $1,647,392
Eden (Wicklow) Square Senior Affordable Housing 2,626,764
Eden (Emerald Vista) Construction Loan - Family Housing 4,680,000
Eden (Emerald Vista) Construction Loan - Senior Housing 1,820,000
Total $10,774,156
Revolving Home Loans - As part of the City of Dublin First Time Homebuyer Loan Program (FTHLP), the
City provides financial assistance, in the form of a deferred loan. The program targets first time
homebuyers within a certain income range purchasing their first home in Dublin. Monthly payments of
principal and interest are generally deferred until the homes are sold, or are in default. In certain situations
the loan may also be due when the homeowners refinance their primary mortgage. The total outstanding
amount due, including accrued simple interest at 3.5% per annum, as of June 30, 2013 was $1,647,392.
During fiscal year 2012 -2013, there were no loans in default.
57
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 5 - NOTES RECEIVABLE (Continued)
Details of the Revolving Home Loans as of June 30, 2013 were as follows:
3,402
2,012
2,080
1,795
1,733
1,435
1,859
1,536
1,865
1,857
1,744
1,762
1,680
1,061
702
579
356
282
223
57
159
176
236
LOAN BALANCE
$48,814
73,183
59,920
51,526
31,359
59,663
45,781
40,420
23,555
29,324
9,542
28,683
22,588
29,706
39,303
26,115
63,899
31,480
45,120
37,512
41,403
43,402
28,712
32,080
31,794
32,572
27,460
37,108
31,535
38,280
38,539
36,993
38,433
40,266
31,060
30,701
40,579
37,105
37,031
35,472
31,556
35,408
35,425
36,985
TOTAL $1,785,761 $158,646 ($260,515) $1,647,392
58
REPAYMENT OF
ORIGINAL
LOAN #
LOAN DATE
LOAN AMOUNT
#07 -01
2/16/2007
$39,915
407 -02
4/3/2007
36,500
#07 -03
3/30/2007
60,039
407 -04
10/30/2007
50,000
407 -06
9/28/2007
35,640
407 -07
9/28/2007
42,886
407 -08
7/24/2007
35,596
407 -09
8/28/2007
26,036
407 -10
8/28/2007
49,536
407 -11
10/10/2007
38,141
407 -12
2/16/2007
33,051
#07 -13
10/11/2007
40,253
407 -14
10/1/2007
19,610
407 -15
12/3/2007
24,536
407 -16
12/28/2007
8,000
407 -17
2/4/2008
22,826
407 -18
2/29/2008
24,170
407 -20
5/30/2008
19,175
408 -01
8/15/2008
25,377
408 -02
10/20/2008
47,200
408 -03
10/17/2008
33,750
408 -04
11/14/2008
41,500
408 -05
1/29/2009
22,619
408 -06
2/11/2009
55,404
408 -07
4/9/2009
27,425
408 -08
6/30/2009
39,576
409 -01
8/3/2009
33,000
409 -02
9/28/2009
36,595
410 -01
12/24/2010
37,500
410-02
1/24/2011
40,000
410 -03
5/5/2011
26,700
411-01
7/7/2011
3 0, 000
411-02
10/14/2011
29,999
411 -03
11/21/2011
30,839
411 -04
12/2/2011
26,025
411-05
12/28/2011
35,249
411 -06
1/13/2012
29,999
411 -07
1/13/2012
36,415
411 -08
1/19/2012
36,682
411 -09
1/30/2012
35,249
411 -10
2/15/2012
36,671
411 -11
4/3/2012
38,586
411 -12
6/27/2012
29,999
412 -01
10/30/2012
29,999
412 -02
1/31/2013
40,000
412 -03
3/22/2013
36,749
#12 -04
4/12/2013
36,749
#12 -05
4/26/2013
35,249
#12 -06
6/12/2013
31,499
#12 -07
5/15/2013
35,249
#12 -08
5/10/2013
35,249
#12 -09
4/25/2013
36,749
3,402
2,012
2,080
1,795
1,733
1,435
1,859
1,536
1,865
1,857
1,744
1,762
1,680
1,061
702
579
356
282
223
57
159
176
236
LOAN BALANCE
$48,814
73,183
59,920
51,526
31,359
59,663
45,781
40,420
23,555
29,324
9,542
28,683
22,588
29,706
39,303
26,115
63,899
31,480
45,120
37,512
41,403
43,402
28,712
32,080
31,794
32,572
27,460
37,108
31,535
38,280
38,539
36,993
38,433
40,266
31,060
30,701
40,579
37,105
37,031
35,472
31,556
35,408
35,425
36,985
TOTAL $1,785,761 $158,646 ($260,515) $1,647,392
58
REPAYMENT OF
ACCRUED
PRINCIPAL AND
INTEREST
INTEREST
$8,899
13,144
9,920
($35,640)
8,640
(35,596)
5,323
10,127
7,640
7,369
(40,253)
3,945
4,788
1,542
(22,826)
4,513
3,413
4,329
(47,200)
5,553
(41,500)
3,496
8,495
4,055
5,544
4,512
4,808
(37,500)
3,402
2,012
2,080
1,795
1,733
1,435
1,859
1,536
1,865
1,857
1,744
1,762
1,680
1,061
702
579
356
282
223
57
159
176
236
LOAN BALANCE
$48,814
73,183
59,920
51,526
31,359
59,663
45,781
40,420
23,555
29,324
9,542
28,683
22,588
29,706
39,303
26,115
63,899
31,480
45,120
37,512
41,403
43,402
28,712
32,080
31,794
32,572
27,460
37,108
31,535
38,280
38,539
36,993
38,433
40,266
31,060
30,701
40,579
37,105
37,031
35,472
31,556
35,408
35,425
36,985
TOTAL $1,785,761 $158,646 ($260,515) $1,647,392
58
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 5 — NOTES RECEIVABLE (Continued)
Eden Senior Affordable Housing Loan - (Wicklow Square) — On September 23, 2002, the City selected
Eden Housing, Inc. as the developer for the affordable senior housing at the site of the former library
located at 7606 Amador Valley Boulevard. This site also houses a senior center that the City constructed
during fiscal year 2003 -2004. On February 1, 2004, the City entered into an agreement and provided a loan
in the amount of $2,248,248 to the Dublin Senior Limited Partnership to support the senior housing project.
The interest on the outstanding principal balance of the loan is accrued at the rate of 3% simple interest
per annum. The entire outstanding principal balance of the loan, together with the interest accrued, shall be
payable in full on February 8, 2059, the 55th anniversary of the Initial Disbursement Date of February 18,
2004. Repayments commenced on June 1, 2006, and on the first day of each June, 60% of the Surplus
Cash generated by the project during the previous calendar year are remitted to reduce the outstanding
indebtedness. Any payment not paid when due shall bear interest at a rate equal to 10% annum from the
due date until it is paid in full. The outstanding amount as of June 30, 2013 was $2,626,764.
Arroyo Vista Predevelopment /Construction Loan — Family and Senior Projects — (Emerald Vista) - On
June 1, 2011, the City entered into an agreement to provide a loan to Eden Dougherty, L.P., a California
nonprofit public benefit corporation, with a not -to- exceed $7,600,000 principal amount in accordance to
the Arroyo Vista Disposition and Development Agreement dated July 25, 2007 concerning the
redevelopment of the real property located at 6700 Dougherty Road in the City of Dublin. The City agreed
to provide a loan to Eden to assist in financing the development of the Family Project and Senior Project.
The City determined that the development of the project is in the interests of health, safety and welfare of
the residents of the City, and that the City financing is necessary to make the project affordable to low and
very low income households for a term of not less than fifty -five years. The note will not bear interest until
the earlier of (i) the date that the project's construction financing is either converted to a permanent loan or
repaid in full, or (ii) twelve months following the date of issuance of the final certificate of occupancy or
equivalent for the project; thereafter, the outstanding principal balance of the loan shall bear interest at a
rate equal to three percent simple annual interest. Annual payments shall be due and payable on a residual
receipts basis in accordance with the formula set forth in the note. The entire outstanding principal balance
and accrued interest shall be paid in full on the earlier of (i) the fifty fifth anniversary of the date of
issuance of the final certificate of occupancy or (ii) the fifty- seventh anniversary of the loan origination
date. The City has the right to accelerate maturity date and declare all sums immediately due and payable
to the City upon the occurrence of an event of developer default, including developer's failure to
commence or complete construction of the project within times period specified in the note. At June 30,
2013, the outstanding amounts are $4,680,000 or the Family Project and $1,820,000 for the Senior Project.
NOTE 6 — CAPITAL ASSETS
Capital assets, which include buildings, machinery and equipment, and infrastructure assets (roads, bridges,
curbs and gutters, streets and sidewalks, drainage systems, lighting systems, and park improvements), are
reported in the Governmental Activities columns of the Government -Wide Financial Statements. Capital
assets are defined by the City as assets with an initial, individual cost of more than $5,000 for general
capital assets and $100,000 for infrastructure capital assets. Such assets are recorded at historical cost or
estimated historical cost if actual historical cost is not available. Donated capital assets are valued at their
estimated fair market value on the date donated.
M
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 6 — CAPITAL ASSETS (Continued)
Capital assets are depreciated over their estimated useful lives using the straight -line method. This means
the cost of the asset is divided by its expected useful life in years and the result is charged to expense each
year until the asset is fully depreciated. The purpose of depreciation is to spread the cost of capital assets
over the useful life of these assets. The amount charged to depreciation expense each year represents that
year's pro rata share of the cost of capital assets.
Depreciation of capital assets is charged as an expense against operations each year and the total amount of
depreciation taken over the years, called accumulated depreciation, and is reported on the Statement of Net
Assets of the government -wide financial statements as a reduction in the book value of the capital assets.
The City has assigned the useful lives listed below to capital assets.
Infrastructure 20 -75 Years
Building and Improvements 20 -38 Years
Vehicles and Equipment 3 -15 Years
Capital assets include land, buildings, and equipment used in City operations. Infrastructure includes
roads, bridges, curbs, sidewalks, drainage systems, street and traffic lights, park improvements and other
improvements used by all citizens.
A. Capital Asset activity during the fiscal year were as follows:
Balance at
June 30, 2012 Additions
Governmental activities
Capital assets not being depreciated:
Land
Streets Right of Way
Construction in Progress
Total capital assets not being depreciated
Capital assets being depreciated:
Infrastructure
Buildings and Improvements
Vehicles and Equipment
Total capital assets being depreciated
Less accumulated depreciation for:
Infrastructure
Buildings and Improvements
Vehicles and Equipment
Total Accumulated Depreciation
Net governmental fund program
Capital assets being depreciated
Governmental activity capital assets, net
$166,506,225
35,425,288
10,232,445 $15,157,049
212,163,958 15,157,049
Retirements
373,765,547
70,248,47 t
8,529,813 241,300 ($544,486)
452,543,831 241,300 (544,486)
(197,926,545)
Balance at
Transfers
June 30, 2013
(26,963,059)
$166,506,225
35,425,288
($10,407,469)
14,982,025
409,075
216,913,538
9,934,703
383,700,250
472,766
70,721,237
8,226,627
10,407,469
462,648,114
(197,926,545)
(6,947,617)
(204,874,162)
(26,963,059)
(3,016,614)
(29,979,673)
(6,269,297)
(446,022)
409,075
(6,306,244)
(231,158,901)
(10,410,253)
409,075
(241,160,079)
221,384,930
(10,168,953)
(135,411)
221,488,035
$433,548,888
$4,988,096
($135,411)
$438,401,573
60
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 6 — CAPITAL ASSETS (Continued)
B. Project Commitments
At June 30, 2013, the City had outstanding commitments with contractors for the following projects:
Project
Commitment
Repair Projects
$152,958
Geotechnology Projects
125,952
Street Repair Projects
156,465
Civic Center Project
39,447
Park construction
44,282
Construction testing
42,141
Construction management
883,886
Project design
1,949,632
Passatempo Park Construction
1,482,705
Technology Upgrade
1,558,037
C. Capital Asset Contributions
Some capital assets may be acquired using Federal and State grant funds, or they may be contributed by
developers or other governments. GASB Statement 34 requires that these contributions be accounted for as
revenues at the time the capital assets are contributed.
D. Depreciation Allocation
Depreciation expense is charged to functions and programs based on their usage of the related assets. The
amounts allocated to each function or programs are as follows:
Governmental Activities
General government
Public safety
Highways and streets
Culture and leisure
Community development
Total depreciation expense
61
$1,568,548
520,041
5,515,094
2,797,215
9,355
$10,410,253
NOTE 7 — LONG TERM DEBT
A.
NO
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
Current Year Transactions and Balances
Balance at
July 1, 2012
GOVERNMENTAL ACTIVITY DEBT
2012 Chevron Energy Capital Lease
Total Governmental Activity Debt
2012 Chevron Energy Capital Lease
Balance at Due Within
Additions June 30, 2013 One Year
$6,755,824 $6,755,824 $627,018
$6,755,824 $6,755,824 $627,018
On June 12, 2012, City entered into an Energy Services Performance Contract with Chevron Energy
Solutions to implement the recommended efficiency improvements in the City's ongoing efforts to reduce
energy consumption and develop long -term cost savings through increased energy efficiency. The total
project cost was estimated to be $7,430,976. City expects the full cost of improvements including interest
can be offset through estimated energy savings. The project is to be funded through a combination of
Lease Financing and Internal Service Fund reserves.
The total amount to be financed through a bank lease is approximately $6,755,824, with interest rate
fixed at 2.56 %. The financing is a lease arrangement with Bank of America holding title to the
improvements being installed. Once all lease payments are made, improvements are fully owned by the
City.
According to the payment schedule the City will not make payments during the construction period
which is estimated to take up to twelve months. Thereafter, the payments will be made over a fourteen -
year period. The amount of annual lease payments is intended to produce consistent savings each year.
Therefore, for payments in the initial years, when certain rebates and incentives are received, the
payments will be higher. The average annual lease payment over the repayment period is estimated to be
approximately $578,704 per year. The City anticipates that energy savings and incentives are projected
to fully offset these costs.
The actual funding of the lease, amounted to $6,755,824, incurred on October 1, 2012. The first payment
was made on September 28, 2013.
62
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 7 — LONG TERM DEBT (Continued)
C. Debt Service Requirements
Governmental Activities: Capital Lease
Year ending June 30 Principal
Interest
2013
$627,018
$172,949
2014
378,995
156,897
2015
403,459
147,195
2016
429,110
136,867
2017
455,999
125,881
2018 -2022
2,276,530
462,160
2023 -2026
2,184,713
144,086
Total
$6,755,824
$1,346,035
NOTE 8 — SPECIAL ASSESSMENT CITY DEBT (NON- OBLIGATORY)
The Dublin Boulevard Extension Special Assessment District, formed within City limits, had outstanding
debt with a balance of $0 at June 30, 2013. Proceeds of the debt, which was issued in 1991, were used to
finance improvements within City 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. Activities of
the District are reported in the Dublin Boulevard Extension Assessment District Agency Fund.
NOTE 9 — NET POSITION AND FUND BALANCES
A. Net Position
Net Position is the excess of all the City's assets and deferred outflow of resources over all its liabilities
and deferred inflow of resources, regardless of fund. Net Assets are divided into three captions. These
captions apply only to Net Assets, which is determined only for proprietary funds and at the Government -
wide level, and are described below:
Net Investment in Capital Assets, describes the portion of Net Position which is represented by the
current net book value of the City's capital assets.
Restricted describes the portion of Net Position which is restricted as to use by the terms and conditions
of agreements with outside parties, governmental regulations, laws, or other restrictions which the City
cannot unilaterally alter. These principally include developer fees received for use on capital projects
and debt service requirements.
Unrestricted describes the portion of Net Position which is not restricted to use.
63
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 9 — NET POSITION AND FUND BALANCES (Continued)
B. Fund Balances
Governmental fund balances represent the net current assets of each fund. Net current assets generally
represent a fund's cash and receivables, less its liabilities.
The City's fund balances are classified based on spending constraints imposed on the use of resources.
For programs with multiple funding sources, the City prioritizes and expends funds in the following
order: Restricted, Committed, Assigned, and Unassigned. Each category in the following hierarchy is
ranked according to the degree of spending constraint:
Nonspendable represents balances set aside to indicate items do not represent available, spendable
resources even though they are a component of assets. Fund balances required to be maintained intact,
such as Permanent Funds, and assets not expected to be converted to cash, such as prepaids, notes
receivable, and long -term interfund loans are included. However, if proceeds realized from the sale or
collection of nonspendable assets are restricted, committed or assigned, then Nonspendable amounts are
required to be presented as a component of the applicable category.
Restricted fund balances have external restrictions imposed by creditors, grantors, contributors, laws,
regulations, or enabling legislation which requires the resources to be used only for a specific purpose.
Encumbrances and nonspendable amounts subject to restrictions are included along with spendable
resources.
Committed fund balances have constraints imposed by resolution of the City Council which may be
altered only by formal action of the City Council to establish, modify, or rescind a fund balance
commitment. Encumbrances and nonspendable amounts subject to council commitments are included
along with spendable resources.
Assigned fund balances are amounts constrained by the City's intent to be used for a specific purpose, but
are neither restricted nor committed. Intent is expressed by the City Council or its designee and may be
changed at the discretion of the City Council or its designee. This category includes encumbrances;
Nonspendable, when it is the City's intent to use proceeds or collections for a specific purpose, and
residual fund balances, if any, of Special Revenue, Capital Projects and Debt Service Funds which have
not been restricted or committed. Through a council resolution, the City Council has designated the City
Manager to determine the amount of assigned Fund balance.
Unassigned fund balance represents residual amounts that have not been restricted, committed, or
assigned. This includes the residual general fund balance and residual fund deficits, if any, of other
governmental funds. In accordance with policies adopted by the City Council, the "Unassigned" fund
balance represents ($263,162) associated equivalent to the unrealized gain on investments and
$14,058,816 based on goals to accommodate general cash flow.
64
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 9 — NET POSITION AND FUND BALANCES (Continued)
Detailed classifications of the City's Fund Balances, as of June 30, 2013, are stated below:
Non - Spendable:
Prepaid Expenses
Cemetery Endowment
Long -Term Advance to Fire Impact Fee Fund
Long -Term Advance to PERS Side Fund
SubTotal Non - Spendable Fund Balance
Restricted for:
Public Safety
Highways and Streets
Health and Welfare
Heritage Park Maintenance
Recycling Programs
Impact Fee Capital Projects
Housing
Sub Total Restricted Fund Balance
Major Funds
Affordable Public Facilities Fire Impact Traffic Impact
General Housing Impact Fees Fees Fees Non -Major
Fund Fund Fund Fund Fund Funds
$34,756
60,000
1,098,607
1,642,767
2,836,130
500,000
$28,989,875
$7,013,816
500,000 7,013,816 28,989,875
Committed to:
Economic Stability
5,868,847
Downtown Public Improvements
1,000,000
Open Space Funding
2,000,000
Affordable Housing
1,000,000
Emerald Glen Aquatic Center Additional Scope
1,500,000
Emergency Communications
741,000
Fire Services OPEB
7,610,058
Innovations and New Opportunities
1,372,785
Maintenance Facility
6,027,950
Historic Park Schaefer Ranch
750,000
Civic Center Expansion
391,568
Public Safety Complex
3,070,746
R City/School Projects
600,000
Non - Streets CIP Commitments
2,745,809
One Time Imitative
1,341,408
Sub Total Committed Fund Balance 36,020,171
$1,933,295
4,116,118
172,657
285,688
$9,542,553 1,592,700
Total
$34,756
60,000
1,098,607
1,642,767
2,836,130
1,933,295
4,116,118
172,657
500,000
285,688
40,125,128
7,013,816
9,542,553 8,100,458 54,146,702
5,868,847
1,000,000
2,000,000
1,000,000
1,500,000
741,000
7,610,058
1,372,785
6,027,950
750,000
391,568
3,070,746
600,000
2,745,809
1,341,408
36,020,171
Assigned to:
Employees Accrued Leave
896,658
896,658
Operating Carryovers
986,326
986,326
CIP Carryovers
265,845
265,845
Catastrophic Loss and Recovery
10,537,271
10,537,271
Service Continuity Obligations
2,410,000
2,410,000
Pension and Post Employment Benefits
8,480,646
8,480,646
Fiscally Responsible Adjustment
336,150
336,150
Sub Total Assigned Fund Balance
23,912,896
23,912,896
Unassigned Fund Balance
Fund Balance Deficits
($1,098,607)
(1,098,607)
Unrealized Gain on Investments /(loss)
(263,162)
(263,162)
Cash Flow Per City Policy
14,311,094
14,311,094
14,047,932
(1,098,607)
12,949,325
Total Fund Balance (Deficit)
$77,317,129 $7,013,816
$28,989,875 ($1,098,607)
$9,542,553 $8,100,458 $129,865,224
65
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 9 — NET ASSETS AND FUND BALANCES (Continued)
C. Minimum Fund Balance Policies
The City's Reserve Policy requires the City to maintain an Unrestricted General Funds, for cash flow
purposes, of minimum equal to two months of budgeted operating expenditures with a goal to achieve a
maximum of four months. As of June 30, 2013 the cash flow reserves, which are part of the Unassigned
Fund Balance, were above the minimum at approximately 3 months, however they were below the desired
target of 3 months. Funds may be appropriated as to Undesignated Capital Contribution by designation
from City Council only for high priority one time capital expenditures provided the minimum fund balance
would remain.
D. Fund Equity Deficits
The funds listed in the table below had fund balance deficits at June 30, 2013. These deficits are
expected to be eliminated by future revenues.
Fund
Fund Deficit
Fire Impact Fees Capital Projects Fund $1,098,607
PERS Side Fund 1,642,768
NOTE 10 — 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 Statement No. 32, the funds have been placed in a trust administered by ICMA
Retirement Corporation and are not available to the City's general creditors. Accordingly, the City does
not report the assets in the financial statements.
NOTE 11- PENSION PLAN
A. CalPERS
Plan Description — The City'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 (Ca1PERS), a cost sharing multiple - employer plan administered by
Ca1PERS, 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 is
established by State statutes within the Public Employees' Retirement Law. The City selects optional
benefit provisions from the benefit menu by contract with Ca1PERS and adopts those benefits through
local ordinance or resolution. Ca1PERS issues a separate comprehensive annual financial report. Copies
of the Ca1PERS's annual financial report may be obtained from the Ca1PERS Executive Office, 400 P
Street Sacramento, California 95814.
66
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 11- PENSION PLAN (Continued)
Funding PolicX — Active plan members in the Miscellaneous Plan are required to contribute 8 percent of
their annual covered salary. In October 2012, the City and its employees agreed to implement the
Employee Cost Sharing of Additional Benefits, which increased the employee contribution rate by 1.75%
from 8% to 9.75 %. As a result, the employer contribution rate was also lowered by the same percentage
to 13.199 %. The City 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
Ca1PERS Board of Administration. The required employer contribution rate for fiscal year 2012 -2013
was 15.178% for miscellaneous employees. Employees hired after 1/1/2013 (Non Classic/PEPRA Public
Employees' Pension Reform Act of 2013) members are required to contribute 6.25 %. The City also
contributes 6.25 %. The City 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 CAPERS.
Annual Pension Cost — For fiscal year 2012 -2013, the City's annual projected pension cost was
$1,249,811. The City's actual contributions were $1,134,018. The required contribution for fiscal year
2012 -2013 was determined in the June 30, 2011, actuarial valuation using the entry age normal actuarial
cost method with the contributions determined as a percent of pay. The actuarial assumptions included
(a) 7.50 percent investment rate of return compounded annually net of administrative expenses; (b)
projected salary increases that vary by duration of service ranging from 3.30 percent to 14.20 percent for
miscellaneous members, depending on Age, Service, and type of employment; (c) Inflation component
of 2.75 percent; d) Payroll Growth of 3.00 percent; and e) Individual Salary Growth based on a merit
scale varying by duration of employment coupled with an assumed annual inflation growth of 2.75
percent and annual production growth of 0.25 percent. 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 average remaining amortization period at
June 30, 2011, the latest actuarial study available, was 20 years for miscellaneous employees for prior
and current service unfunded liabilities. The Asset Valuation Method was 15 Year Smoothed Market.
Three Year Trend Information for the Miscellaneous Plan
The City adopted GASB Statement No. 50, Pension Disclosure, an amendment of GASB Statement No.
25 and 27. This Statement aligns the financial reporting for pensions with those for other
postemployment benefits. It also provides enhancement in the information disclosed in the notes to the
financial statements or presented as required supplementary information.
GT11
Annual
Percentage
Net
Fiscal Year
Pension
of APC
Pension
Ending
Cost (APC)
Contributed
Obligation
June 30, 2011
$1,715,082
100%
$0
June 30, 2012
1,298,838
100%
0
June 30, 2013
1,249,811
100%
0
The City adopted GASB Statement No. 50, Pension Disclosure, an amendment of GASB Statement No.
25 and 27. This Statement aligns the financial reporting for pensions with those for other
postemployment benefits. It also provides enhancement in the information disclosed in the notes to the
financial statements or presented as required supplementary information.
GT11
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 11- PENSION PLAN (Continued)
The City contributes to the California Public Employee's Retirement System (CalPERS), as an agent
multiple — employer public employee defined benefit pension plan. As part of the actuarial valuation
date of June 30, 2003, the City's miscellaneous plan became part of a CalPERS Risk Pool for employers
with less than 100 active plan members. As part of a cost sharing, multiple - employer defined benefit
plan, disclosure of the Schedule of Funding progress is not required.
B. Social Security /Public Agency Retirement Systems (PARS)
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 alternate plan. The City's part-time, seasonal and temporary employees are
not covered under Social Security.
The City entered into an agreement with the PARS to provide an alternative retirement system for the
part-time employees. The PARS plan was effective December 25, 2005, and replaced Social Security. In
fiscal year 2012 -2013, the employees contributed $50,571 or 9% of salary and the City contributed
$12,644 or 2.1% of employee's pay towards PARS.
NOTE 12 — OTHER POST EMPLOYMENT BENEFITS
The City provides certain health care benefits for retirees, as required under a contract signed with PERS.
All former employees who retire with the City under PERS are eligible for these benefits.
GASB 45 requires public agencies to estimate their Other Post Employment Benefits (OPEBs) and
account for the future liability. Rather than use the "pay as you go" system and account for retiree
benefits as they are due, GASB 45 requires the agencies to account for the expenses as benefits are
accrued for the employees. On June 29, 2007, the City established an agreement with the California
Public Employees' Retirement System (CalPERS) to set aside funds and deposit into the California
Employer's Retiree Benefit Trust ( CERBT) fund to accumulate, and distribute assets for the exclusive
benefit of retirees and their beneficiaries. Plan assets are irrevocable and may not be used for any
purpose other than funding post- retirement health care. The CERBT fund is an agent multiple employer
plan and in order to ensure that the CERBT fund remains compliant with all reporting requirements, the
CALPERS is responsible for publishing aggregate GASB 43 compliance Financial Statements, Notes,
and Required Supplementary Information (RSI). The information may be found on CalPERS web site at
www.calpers.ca.gov.
A. City of Dublin Retiree Health Plan
Plan Description - City of Dublin (City) Retiree Health Plan is a single- employer defined benefit
healthcare plan administered by the California Public Employees Retirement System (CalPERS). The
plan provides medical insurance benefits to eligible retirees and their eligible dependents in accordance
with Public Employee Retirement Law (Article 2). The Public Employees Retirement System Board of
Administration has the responsibility to approve health benefit plans and may contract with carriers
offering health benefit plans. The Board of Administration is responsible for adopting all rules and
regulations, including the scope and content of basic health plans. The California Government Code also
defines certain rules for contract agencies, such as the City of Dublin, to purchase health insurance
benefits.
68
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 12 — OTHER POST EMPLOYMENT BENEFITS (Continued)
Funding Policy - There is no requirement imposed by CalPERS, to contribute any amount beyond the pay -as-
you-go contributions. The cost of monthly insurance premiums may be shared between the retiree and the
City. The cost sharing varies depending on: date of hire (a vesting schedule is in place for employees hired
after April 1, 2004); the dependent status; and plan selected. A minimum employer monthly contribution
requirement is established and may be amended by the CalPERS Board of Administration and applicable laws.
Within the parameters of the law, individual contracting agencies, such as the City, are allowed to establish
and amend the level of contributions made by the employer towards the monthly cost of the plans. Changes to
the employer contribution rate towards retiree benefits are recorded in a resolution adopted by the City
Council.
The City has established a policy to make contributions to an Internal Service Fund, for the purpose of funding
its calculated obligations over a period of time, with the intent the funds will be transferred to Ca1PERS
periodically at which time the transfers will be recorded as Cash with Fiscal Agent in a Trust Fund. The
amount necessary to fund future benefits is based on projections from the June 30, 2011 Actuarial Study
completed by Bartel and Associates, LLC in accordance with GASB Statement 45, Accounting and Financial
Reportingfor PostemploymentBenefits Other than Pensions.
During fiscal year 2006 -2007, the City made arrangements with CalPERS to retain the OPEB assets to
finance future Retiree Health Benefits. On June 29, 2007, the City transferred $5,468,611 from the
Internal Service Fund into the California Employers' Retiree Benefit Trust Fund (CERBT). The City has
elected a one -year amortization period for the OPEB plan assets deposited into the CERBT, as permitted
under GASB Statement 45, paragraph 13F, amortization periods allow for a maximum of 30 years with
no minimum years.
Annual OPEB Cost and Net OPEB Obligation - The City's annual Other Post Employment Benefit (OPEB)
cost (expense) is calculated based on the Annual Required Contribution of the employer (ARC), an amount
actuarially determined in accordance with the parameters of GASB Statement 45. The ARC represents a level
of funding that, if paid on an ongoing basis, is projected to cover normal cost each year and amortize any
unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years. The following table
shows the components of the City of Dublin annual OPEB costs for the year, the amount actually contributed
to the plan, and changes in the City's net OPEB obligation to the City Retiree Health Plan:
Annual required contribution
Annual OPEB expense (income)
Contributions made
Increase (decrease) in net OPEB obligation
Net OPEB obligation (asset) - beginning of year
Net OPEB obligation (asset) - end of year
$1,181,000
1,181,000
1,198,717
(17,717)
0
($17,717)
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 12 — OTHER POST EMPLOYMENT BENEFITS (Continued)
The City Retiree Health annual OPEB cost, the percentage of annual OPEB cost contributed to the plan,
and the net OPEB obligation for fiscal year 2012 -13, and the preceding years were as follows:
Fiscal
Year Ended
Annual Annual OPEB OPEB
OPEB Cost Cost Contributed Obligation (Asset)
6/30/2011 $615,000 94.71% $0
6/30/2012 1,164,000 100% 0
6/30/2013 1,181,000 100% (17,717)
Funded Status and Funding Progress - As of June 30, 2011, the most recent actuarial valuation date, the
plan was 59% funded. The Actuarial Accrued Liability (AAL) for benefits was $11,557,000 and the
Actuarial Value of Plan Asset was $6,823,000 resulting in an Unfunded Actuarial Accrued Liability
(UAAL) of $4,734,000. The covered payroll (annual payroll of active employees covered by the plan)
was $7,830,000, and the ratio of UAAL to the covered payroll was 60 percent.
Annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the net OPEB
obligation for 2013 and the previous years were as follows:
Actuarial Methods and Assumptions - Projections of benefits for financial reporting purposes are based
on the substantive plan (the plan as understood by the employer and the plan members) and include the
types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit
costs between the employer and plan members to that point. The actuarial methods and assumptions used
include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued
liabilities and the actuarial value of assets, consistent with the long -term perspective of the calculations.
In the June 30, 2011 actuarial valuation, the actuarial cost method used is Entry Age Normal (EAN) cost
method. Under the EAN cost method, the plan's Normal Cost is developed as a level percent of payroll
throughout the participants' working lifetime. Entry age is based on current age minus years of service.
Actuarial Accrued Liability (AAL) is the cumulative value on the valuation date, of prior Normal Cost.
For the retirees, the AAL is the present value of all projected benefit. The Unfunded AAL is being
amortized as a level dollar closed 30 year basis, as a level percent of payroll with a remaining
amortization period at June 30, 2012 of 30 years.
70
Underfunded
Entry Age
(Overfunded)
Actuarial
Actuarial
Actuarial
UAAL as a
Actuarial
Value of
Accrued
Accrued
Funded
Covered
Percentage of
Valuation
Assets
Liability
Liability
Ratio
Payroll
Covered Payroll
Date
(A)
(B)
(B -A)
(A/B)
(C)
[(B-A) /Cl
6/30/2004
$0
$4,973,780
$4,973,780
0.00%
$6,320,280
(78.7 %)
6/30/2007
5,694,000
6,159,000
465,000
92.45%
6,697,747
(6.9 %)
6/30/2009
5,326,000
6,990,000
1,664,000
76.19%
7,618,000
(21.8 %)
6/30/2011
6,823,000
11,557,000
4,734,000
59.04%
7,830,000
(60.5 %)
Actuarial Methods and Assumptions - Projections of benefits for financial reporting purposes are based
on the substantive plan (the plan as understood by the employer and the plan members) and include the
types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit
costs between the employer and plan members to that point. The actuarial methods and assumptions used
include techniques that are designed to reduce the effects of short-term volatility in actuarial accrued
liabilities and the actuarial value of assets, consistent with the long -term perspective of the calculations.
In the June 30, 2011 actuarial valuation, the actuarial cost method used is Entry Age Normal (EAN) cost
method. Under the EAN cost method, the plan's Normal Cost is developed as a level percent of payroll
throughout the participants' working lifetime. Entry age is based on current age minus years of service.
Actuarial Accrued Liability (AAL) is the cumulative value on the valuation date, of prior Normal Cost.
For the retirees, the AAL is the present value of all projected benefit. The Unfunded AAL is being
amortized as a level dollar closed 30 year basis, as a level percent of payroll with a remaining
amortization period at June 30, 2012 of 30 years.
70
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 12 — OTHER POST EMPLOYMENT BENEFITS (Continued)
GASB 45 requires the interest rate to represent the underlying expected return for the source of funds
used to pay benefits. The actuarial methods and assumptions included 6.75 percent interest rate,
representing the long term expected rate of return on the Ca1PERS Trust Fund including a margin for
adverse earnings. Annual inflation assumed to increase at one half of the Kaiser family premium
increase and Aggregate Payroll assumed to increase at 3.25 percent per annum. The study also used
assumptions for the salary merit and longevity increases, and demographic assumptions such as
mortality, withdrawal, and disability based on CalPERS 1997 -2007 Experience Study. Retirement
assumption was also based on Ca1PERS 1997 -2007 Experience Study of the Miscellaneous Plan 2.7% at
55 years, with expected retirement age of approximate 58 for both females and males.
The health care cost trend rate is the rate of change in per capita health claims costs over time as a result
of factors such as medical inflation, utilization of healthcare services, plan design, and technological
developments.
The following table includes the annual healthcare cost trend rate used in the Actuarial Valuation:
Year
Non- Medicare
HMO & PPO
Medicare
HMO & PPO
2010
Actual Premiums
Actual Premiums
2011
Actual Premiums
Actual Premiums
2012
9.5%
10.0%
2013
9.0%
9.4%
2014
8.5%
8.9%
2020+
1 5.0%
1 5.0%
B. Dougherty Regional Fire Authority Health Plan
Dougherty Regional Fire Authority Background - In 1988, the cities of Dublin and San Ramon formed
Dougherty Regional Fire Authority (DRFA), a Joint Powers Agency (JPA). The JPA provided fire
services to all of Dublin and the southern portion of San Ramon. In 1997, the two cities decided to
change how Fire Services would be provided in each City. As a result, JPA personnel were absorbed by
the two new service providers pursuant to a mutual agreement. The JPA has remained intact to conclude
the financial affairs of the entity. This includes residual retiree obligations and workers compensation
liabilities. Dublin's share of all DRFA close -out expenses, including retiree medical benefits, is 57.51%
of the actual costs, with the City of San Ramon paying 42.49% of the costs. The two cities have entered
into a binding agreement to share these expenses on this basis. The City of Dublin is presenting
information only for its contractual share of the obligations.
Plan Description - City of Dublin share of DRFA Retiree Health Plan is a single - employer defined
benefit healthcare plan administered by the California Public Employees Retirement System (Ca1PERS).
The Plan provides medical insurance benefits to eligible retirees and their eligible dependents. In
accordance with Public Employee Retirement Law (Article 2), the Public Employees Retirement System
Board of Administration has the responsibility to approve health benefit plans and may contract with
carriers offering health benefit plans. The Board of Administration is responsible for adopting all rules
and regulations, including the scope and content of basic health plans. The California Government Code
also defines certain rules for contract agencies, such as DRFA, to purchase health insurance benefits.
71
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 12 — OTHER POST EMPLOYMENT BENEFITS (Continued)
Funding Policy - There is no requirement imposed by Ca1PERS, to contribute any amount beyond the
pay -as- you -go contributions. The cost of monthly insurance premiums may be shared between the retiree
and DRFA. The cost sharing varies depending on: the bargaining unit; dependent status; and plan
selected. A minimum employer monthly contribution requirement is established and may be amended by
the Ca1PERS Board of Administration and applicable laws. Within the parameters of the law, individual
contracting agencies, such as the DRFA, are allowed to establish and amend the level of contributions
made by the employer towards the monthly cost of the plans. Changes to the employer contribution rate
towards retiree benefits are recorded in a resolution adopted by the DRFA Management Committee.
For fiscal year 2012 -2013, the City contributed $45,689 to the plan, all of which was for current
premiums. No other contributions were made.
Annual OPEB Cost and Net OPEB Obligation - The City of Dublin's share of the DRFA Retiree Health
Plan annual other post employment benefit (OPEB) cost (expense) is calculated based on the annual
required contribution of the employer (ARC), an amount actuarially determined in accordance with the
parameters of GASB Statement 45, Accounting and Financial Reporting for Postemployment Benefits
Other than Pensions. The ARC represents a level of funding that, if paid on an on -going basis, is
projected to cover costs. This plan is in a unique status since there are no active members and no
"normal" cost component. Therefore, 100% of the calculated ARC relates to the amortization of
unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years.
The following table shows the components of the City of Dublin's share of DRFA annual OPEB cost for
the year, the amount actually contributed to the plan and changes in the Dublin Share of DRFA net
OPEB and the City of Dublin share of the obligation to DRFA Retiree Health Plan:
Annual required contribution
$ 64,727
Interest on net OPEB obligation
9,300
Adjustment to annual required contribution
(14,754)
Annual OPEB expense (income)
59,273
Contributions made
(45,689)
Increase (decrease) in net OPEB obligation
13,584
Net OPEB obligation (asset) - beginning of year
276,715
Net OPEB obligation (asset) - end of year $ 290,299
The DRFA Retiree Health (City of Dublin Share) annual OPEB cost, the percentage of annual OPEB
cost contributed to the plan, and the net OPEB obligation for fiscal year 2012 -2013 and the two previous
years were as follows:
Fiscal
Year Ended
Annual Annual OPEB OPEB
OPEB Cost Cost Contributed Obligation
6/30/2011
$110,000
6/30/2012
59,273
6/30/2013
59,273
72
46.57%
$270,042
88.74%
276,715
77.08%
290,299
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 12 — OTHER POST EMPLOYMENT BENEFITS (Continued)
Funded Status and Funding Progress -As of June 30, 2011, the most recent actuarial valuation date, the
plan was not funded. Therefore, both the actuarial accrued liability for benefits and the unfunded
actuarial accrued liability (UAAL) equaled $867,658. Since there are no active employees, it is not
possible to calculate a comparison of the liability to the payroll.
Actuarial Methods and Assumptions - Projections of benefits for financial reporting purposes are based
on the substantive plan (the plan as understood by the employer and the plan members) and include the
types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit
costs between the employer and plan members to that point. The actuarial methods and assumptions
used include techniques that are designed to reduce the effects of short-term volatility in actuarial
accrued liabilities and the actuarial value of assets, consistent with the long -term perspective of the
calculations.
A sole or agent employer that meets any of the eligibility criteria in paragraph 11 of GASB 45 is
permitted to apply the alternative measurement method set forth in paragraphs 33 through 35 of
GAS1345, which allows for certain simplifying modifications to the selection of assumptions for purposes
of measuring the ARC (Annual Required Contribution) and the plan's actuarial accrued liabilities and
funded status. In the June 30, 2011 actuarial valuation prepared by Vavrinek, Trine, Day & Co., LLP the
actuarial used was Alternative Measurement Method with the Entry Age Normal (EAN) cost method.
Under the EAN cost method, the plan's Normal Cost is developed as a level percent of payroll
throughout the participants' working lifetime. The actuarial assumptions included a 4.5% investment rate
of return (net of administrative expenses), calculated based on the funded level of the plan at the
valuation date. The expected rate of increase in healthcare insurance premiums is based on projections of
the Office of the Actuary at the Centers for Medicare and Medicaid Services, as published in National
Health Expenditure Projections: 2009 -2019, Table 3. The increases are as follows:
FY 6/30
RATE
2011
4.00%
2012
3.70%
2013
5.40%
2014
6.70%
2015
7.10%
2016
6.80%
2017 & Later
1 6.20%
The Actuarial Accrued Liability (AAL) is the cumulative value, on the valuation date, of prior Normal
Costs. For retirees, the AAL is the present value of all projected benefits. Although GASB45 allows an
amortization period not to exceed 30 years, due to the closed status of the plan, the unfunded AAL is
amortized over 20 years as a level of dollar amount.
%It3
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 13 - HEALTH, GENERAL LIABILITY AND WORKERS' COMPENSATION COVERAGE
A. Risk Pool
The City participates in the ABAG PLAN Corporation, a non -profit public benefit corporation
established to provide liability insurance coverage, claims administration and risk management services,
and legal defense to its participating members. The liability insurance coverage is provided by a
combination self - insurance collectively funded by ABAG PLAN Corporation and the purchase of
commercial insurance for large losses.
ABAG PLAN provides the first $5 million of coverage as self - funded general liability and automobile
liability coverage per occurrence. ABAG PLAN purchases commercial excess liability insurance in two
layers of $10 million each to provide total coverage of claims up to $25 million per occurrence. The City
has a deductible of $50,000 per occurrence. ABAG PLAN also provides $1 million of employee bonds
(theft coverage) in excess of a $5,000 deductible.
ABAG PLAN also provides property insurance coverage. This coverage is also comprised of a self -
insured layer combined with commercial insurance. The first $100,000 of losses are self - funded by
ABAG PLAN form premiums collected from the participants in the program. ABAG PLAN purchases
an insurance policy to cover losses above $100,000 per occurrence and the annual aggregate losses of the
pool are insured above $250,000. The insurance provides coverage for property damage among all
participants to $1 billion. The City deductible for property and vehicle losses is $5,000. For any single
loss in excess of $25,000 the deductible is waived.
The City's contributions to the ABAG PLAN for liability coverage are based on a formula which
considers the ratio of the City's payroll to the total payrolls of all entities participating in the same layer
of each program, in each program year's loss history and population. Actual surpluses or losses are
shared according to a formula developed from overall loss costs and spread to member entities on a
percentage basis after a retrospective rating.
There have been no significant reductions in any of the City's areas of insurance coverage and no
settlement amounts have exceeded coverage in the past three years.
Audited financial information for the ABAG PLAN can be obtained from ABAG PLAN, P.O. Box 2050,
Oakland, California 94604 -2050.
B. Worker's Compensation Coverage
The City participates in the Cities Group, created by a joint powers agreement to provide workers'
compensation coverage paid from the pooled contributions of its membership with no deductible to the
City. Any claim in excess of $1 million is covered up to $10 million through a policy with New York
Marine Insurance Corp purchased by the Cities Group. The Cities Group acts as an administrator, claim
adjuster and provides other risk management services as provided by State law. Each member of the
Cities Group pays a premium commensurate with the level of coverage requested and shares surpluses
and deficits proportionately to its participation in the Cities Group. During the year ended June 30, 2013,
the City paid Cities Group $9,471 in premiums. At June 30, 2013, the City of Dublin's share of equity in
the Cities group amounted to $164,429.
Financial Statements may be obtained from the Cities Group, PO Box 111, Burlingame, CA 94011 -0111.
74
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 13 - HEALTH, GENERAL LIABILITY AND WORKERS' COMPENSATION COVERAGE
(Continued)
C. Liability for Uninsured Claims
The GASB requires municipalities to record their liability for uninsured claims and reflect the current
portion of this liability as expenditures in their financial statements. As discussed above, the City has
coverage for such claims, but it has retained the risk for the deductible or the uninsured portion of these
claims in the ABAG PLAN and the Cities Group plans. GASB Statement No. 10, "Financial Reporting
for Risk Financing and Related Insurance Issues" require that this amount be separately identified and
recorded as a liability.
The City's liability for uninsured claims, limited to general liability and workers compensation claims as
discussed above, includes a provision for incurred but not reported (IBNR) losses. This amount was
estimated based on claims experience. The reserve recorded, $271,914, is adequate to cover 5.44 IBNR
claims. Therefore no adjustment was made in fiscal year 2012 -2013 as the City's exposure is for the
$50,000 deductible per General Liability claim. The City has no actual liabilities that are due and
payable at June 30, 2013.
NOTE 14 — JOINT POWERS AGREEMENTS
The City participates in joint ventures discussed below through separate entities established under the Joint
Exercise of Powers Act of the State of California. As separate legal entities, these entities exercise full
powers and authorities within the scope of the related Joint Powers Agreements including the preparation of
annual budgets, accountability for all funds, the power to make and execute contracts and the right to sue
and be sued. Each joint venture is governed by a board consisting of representatives from member
municipalities. Each board controls the operations of the respective joint venture, including selection of
management and approval of operating budgets, independent of any influence by member municipalities
beyond their representation on that board. Obligations and liabilities of these joint ventures are not the
City's responsibility and the City does not have an equity interest in the assets of each joint venture except
upon dissolution of the joint venture.
A. Animal Control Services
The Cities of Dublin, Pleasanton, and Livermore and the County of Alameda have entered a joint powers
agreement, dated September 15, 1992, under which Alameda County constructed an animal shelter
facility on County's property. The agreement provided that the County would retain ownership of the
land and that each participating agencies would receive an equity interest in the facility. Certificates of
Participation were issued to construct the facility. Under the agreement the entities will share in the debt
service costs of the project based upon their use of the animal shelter.
The original total principal portion of the scheduled debt is $4,523,877. The City's share for the annual
debt service requirements are based upon the statistics of live animals handled in the shelter. In fiscal
2013 the City contributed $72,775 of the total annual debt service payment. In addition, the City
contributed $145,312 or 12.63% toward the annual operating shelter services and $130,586 representing
5.21% of the animal field service expenditures.
75
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 14 — JOINT POWERS AGREEMENTS (Continued)
The City has not recorded an equity interest for the animal shelter agreement. As noted above the
ongoing financial interest is limited to the statistics of live animals handled in the appropriate fiscal year.
No Joint Powers Authority was established as part of this agreement therefore, separate financial
statements are not issued.
B. Associated Community Action Program (ACAP)
The City is a member of ACAP, a Joint Powers Authority established in July 12, 1994, with a governing
board comprised of elected officials from its 13 member agencies. The members include Alameda
County and the Cities of Alameda, Albany, Dublin, Emeryville, Fremont, Hayward, Livermore, Newark,
Piedmont, Pleasanton, San Leandro, and Union City. The purpose of the ACAP was to plan, develop,
and administer social services programs under the federal Community Services Block Grant Program.
These programs included housing assistance, jobs training and education, and youth development
services. Due to significant financial issues, the Board of Directors of ACAP in February 2011 chose to
terminate its participation in various state and federal program and to effectively cease its operations.
Management Partners, Inc. was engaged to manage and implement the close of ACAP.
The representatives of the members and the ACAP Board of Directors have determined that the original
JPA that created ACAP should be amended to reflect the current status of ACAP. On October 18, 2011,
the City Council approved an Amended and Restated Joint Powers Agreement to restructure ACAP's and
delegate oversight powers to allow the County and the City Managers, rather than the elected officials, to
continue its obligations such as records retention, legal and claims, and audit compliance and to limit
future exposure for member agencies.
During fiscal year 2012 -2013 the City of Dublin has also acted as a fiscal agent, which was comprised of
collecting contributions from the members, processing payments on behalf of ACAP, and issuing
financial reports. In fiscal year 2010 -2011 the City Council authorized a contribution up to $146,539 of
which the City has contributed $121,140. The remaining $25,399 is available for appropriation in fiscal
year 2013 -2014 if required as part of the close -out activities. The City will incur a pro -rata share of the
on -going costs.
Unaudited condensed financial information as of June 30, 2013 for ACAP is presented below:
Total assets
$194,085
Total liabilities
15,845
Total net assets
80,656
Total revenues
153,148
Total expenses
72,492
Increase (decrease) net position
80,656
76
CITY OF DUBLIN
Notes to Basic Financial Statements
Fiscal Year Ended June 30, 2013
NOTE 15 — OTHER COMMITMENTS AND CONTINGENT LIABILITIES
The City participates in several Federal and State grant programs. These programs have been audited by the
City's independent accountants in accordance with the provisions of the Federal Single Audit Act of 1984
as amended, and applicable State requirements. No cost disallowances were proposed as a result of these
audits. However, these programs are still subject to further examination by the grantors and the amount, if
any, of expenditures which may be disallowed by the granting agencies cannot be determined at this time.
The City expects such amounts, if any, to be immaterial.
The City is a defendant in a number of lawsuits that have arisen in the normal course of business, the
outcome of which cannot be predicted with certainty. In the opinion of the City Attorney, these actions
when finally adjudicated will not have a material adverse effect on the financial position of the City.
A. Reimbursements to the City of Pleasanton
On January 23, 1996, the City adopted a fee for the purpose of reimbursing the City of Pleasanton for the
costs of making improvements to the interchanges on Interstate 580 at Hacienda Drive and Tassajara
Road/Santa Rita Road that benefit development in both Pleasanton and future development in Eastern
Dublin. The Cities entered into an agreement on November 3, 1998, to allow for an automatic annual
escalator factor in the amount of the fee assessed to developers based upon the LAIF interest rate and to
repay the City of Pleasanton. The amount of the contingent liability outstanding at June 30, 2013, was
$4,233,762 which is net of the $206,424 in payments made by the City to reduce this contingent liability
during the year. The accounting for the amount due is not recorded as indebtedness since future
payments are contingent upon the future collection of development fees assessed for reimbursement of
these improvements.
B. Alameda County Surplus Property Authority
The City entered into an agreement with the Alameda County Surplus Property Authority for the
repayment of the City's Short Term BART Advance by the Authority. Under the terms of the agreement,
interest on the advance shall accrue at a rate based on the Alameda County Treasurers return on
investments. As of June 30, 2013, the balance was $1,353,027 which includes accrued interest of $3,552
or 0.26% for the current year. The advance is to be repaid from developer fees, charges, and other non -
tax revenues from the benefiting areas and has no specific due date. The City's General Fund shall not
be obligated to repay this obligation. The accounting for the amount due is not recorded as indebtedness
since future payments are contingent upon the future collection of development fees assessed for
repayment of the advance.
C. Other Development Agreements
The City entered into several agreements with various developers and merchant builders who are
developing numerous residential and commercial projects throughout the City. The City agreed to grant
the developers' impact fee credits since the developers constructed certain improvements beyond what
was needed to serve their specific projects. The value of credits does not increase for inflation nor do
they accrue interest. Any unused credits may be used by the developers on other projects located within
the Traffic Impact Fee area. The value of the credits as of June 30, 2013 was $121,395,965. For the
current year, additions to the credits amounted to $42,859,406 and credits used and transferred amounted
to $56,352,733. The accounting for the amounts due are not recorded as indebtedness since the payments
(the uses of credits) are contingent upon the collection of development fees from building growth that has
not yet occurred.
77
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SUPPLEMENTARY INFORMATION
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30, 2013
80
Variance with
Budgeted Amounts
Final Budget
Positive
Original
Final
Actual Amounts
(Negative)
Property taxes:
Current year secured
$17,504,000
$17,504,000
$17,940,100
$436,100
Current year unsecured
1,120,000
1,120,000
1,135,445
15,445
Supplemental property tax
400,000
400,000
344,318
(55,682)
Prior year secured
375,000
375,000
609,272
234,272
Prior year unsecured
5,000
5,000
(81,284)
(86,284)
Property tax penalties
132,000
132,000
57,806
(74,194)
In lieu property tax
3,537,950
3,537,950
3,584,445
46,495
Sub -total
23,073,950
23,073,950
23,590,102
516,152
Taxes other than property:
Sales and use tax
10,912,500
12,212,500
11,392,472
(820,028)
In lieu sales tax
3,637,500
3,637,500
3,966,868
329,368
Real property transfer tax
430,000
430,000
873,022
443,022
Hotel transient occupancy tax
875,000
875,000
1,003,146
128,146
Franchise taxes
2,897,300
2,897,300
3,178,089
280,789
Sub -total
18,752,300
20,052,300
20,413,597
361,297
Licenses and permits:
Animal licenses
5,600
5,600
7,201
1,601
Building permits
2,047,170
3,247,170
4,754,603
1,507,433
Business license
139,000
139,000
139,677
677
Construction and demolition permits
55,470
55,470
126,956
71,486
Encroachment permits
79,120
79,120
57,209
(21,911)
Fire permits
50,730
50,730
72,765
22,035
Grading permits
3,280
3,280
6,761
3,481
Newspaper racks permits
1,440
1,440
Planning permits
52,740
52,740
57,958
5,218
Police permits
200
200
362
162
Sub -total
2,433,310
3,633,310
5,224,932
1,591,622
Fines and forfeitures:
Parking citations
52,910
52,910
68,464
15,554
Business license penalties
2,500
2,500
3,053
553
Other court fines
60,000
60,000
61,099
1,099
Sub -total
115,410
115,410
132,616
17,206
80
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30, 2013 (Continued)
81
Variance with
Budgeted Amounts
Final Budget
Positive
Original
Final
Actual Amounts
(Negative)
Revenue from use of money and property:
Interest
$553,030
$553,690
$747,470
$193,780
Internal designated
4,416
4,416
Change in fair market value of investments
(1,276,415)
(1,276,415)
Rent and concession:
Field and court rentals
168,590
168,590
202,406
33,816
Facility rentals
283,770
291,250
301,017
9,767
Leased property
64,100
64,100
62,013
(2,087)
Sub -total
1,069,490
1,077,630
40,907
(1,036,723)
Intergovernmental revenues:
Motor vehicle in -lieu
Mandated costs
24,835
24,835
Homeowner's property tax relief
181,800
181,800
184,069
2,269
Sub -total
181,800
181,800
208,904
27,104
Charges for services:
General government
Building use insurance
16,000
16,000
19,640
3,640
Sale of maps and documents
20,720
20,720
10,182
(10,538)
Public safety
Police charges for services
79,910
79,910
78,139
(1,771)
Fire charges for services
121,340
121,340
434,374
313,034
Santa Rita fire services
800,000
800,000
881,827
81,827
Waste management
Waste management admin fees
660,000
660,000
704,119
44,119
Parks and community services
Aquatics programs
144,170
144,170
197,924
53,754
Cemetery
3,180
3,180
1,150
(2,030)
Cultural arts
260,250
260,250
319,083
58,833
Family programs
333,640
333,640
515,671
182,031
Heritage Center
10,160
10,160
9,742
(418)
Preschool programs
474,870
474,870
447,971
(26,899)
Recreational activities
216,930
216,930
252,317
35,387
Community events and festivals
600
600
Senior programs
95,210
95,210
82,243
(12,967)
Sports programs
436,560
436,560
616,798
180,238
Teens programs
7
7
Community Development
Engineering plan checking
1,642,420
1,642,420
2,208,903
566,483
Local share permit surcharge - SMIP
570
870
2,097
1,227
Building plan checking
2,600
5,200
1,698
(3,502)
Local share permit surcharge - Zone 7 drainage fees
7,350
7,350
25,126
17,776
Zoning and subdivision fees
1,259,010
1,259,010
2,297,113
1,038,103
Sub -total
6,584,890
6,587,790
9,106,724
2,518,934
81
CITY OF DUBLIN
GENERALFUND
SCHEDULE OF BUDGET VERSUS ACTUAL REVENUE BY SOURCES
FOR THE YEAR ENDED JUNE 30, 2013 (Continued)
82
Variance with
Budgeted Amounts
Final Budget
Positive
Original
Final
Actual Amounts
(Negative)
Other revenues:
Contributions
$72,650
$78,150
$74,525
($3,625)
Sales of property
166,670
166,670
166,666
(4)
Miscellaneous
88,560
94,760
116,398
21,638
Reimbursement - general
3,700,000
3,725,250
3,877,952
152,702
Reimbursement - public damage
19,370
19,370
22,439
3,069
Reimbursement - Community benefit assessment
3,168,870
3,168,790
4,154,160
985,370
Sub -total
7,216,120
7,252,990
8,412,140
1,159,150
Total Revenue by Sources
$59,427,270
$61,975,180
$67,129,922
$5,154,742
82
CITY OF DUBLIN
GENERAL FUND
SCHEDULE OF BUDGET VERSUS ACTUAL DEPARTMENTAL EXPENDITURES
FOR THE YEAR ENDED JUNE 30, 2013
Budgeted Amounts
Original
General government:
Final Actual Amounts
Variance with
Final Budget
Positive
(Negative)
City Council
$414,020
$432,520
$353,067
$79,453
City Manager
1,333,360
1,333,360
1,328,290
5,070
Election
46,120
46,120
28,361
17,759
Central services
1,497,320
1,525,097
1,407,241
117,856
City Attorney
852,120
965,526
965,526
Administrative services
2,066,600
2,111,200
1,928,693
182,507
Building management
845,080
868,660
784,375
84,285
Non - departmental
787,450
1,028,990
424,630
604,360
Sub -total
7,842,070
8,311,473
7,220,183
1,091,290
Public safety:
Police
15,088,370
15,224,472
14,146,418
1,078,054
Fire services
10,868,810
17,374,548
10,726,078
6,648,470
Disaster preparedness
113,810
113,810
97,425
16,385
Crossing guards
111,890
112,597
112,597
Animal control
365,340
365,340
278,043
87,297
Traffic signals and street lighting
23,670
32,370
20,407
11,963
Sub -total
26,571,890
33,223,137
25,380,968
7,842,169
Highways and streets:
Public works administration
932,080
932,980
907,051
25,929
Street maintenance
180,070
180,070
122,852
57,218
Street landscape maintenance
1,072,370
1,087,050
1,057,436
29,614
Sub -total
2,184,520
2,200,100
2,087,339
112,761
Health and welfare:
Environmental programs
225,490
225,490
223,735
1,755
Social services
355,890
393,664
362,477
31,187
Sub -total
581,380
619,154
586,212
32,942
Culture and leisure:
Community cable television
87,150
87,150
80,971
6,179
Library services
559,730
571,838
571,838
Heritage and Culture Arts
937,710
987,110
980,371
6,739
Park maintenance
2,485,350
2,587,679
2,587,679
Parks and community services
4,096,100
4,145,539
4,145,539
Parks and facilities management
352,130
362,077
361,718
359
Sub -total
8,518,170
8,741,393
8,728,116
13,277
Community development
Development services
4,492,040
5,314,104
5,114,246
199,858
Engineering
2,146,580
1,779,016
2,601,005
(821,989)
Economic development
662,550
916,020
685,580
230,440
Sub -total
7,301,170
8,009,140
8,400,831
(391,691)
Total Expenditures
$52,999,200
$61,104,397
$52,403,649
$8,700,748
83
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BUDGETED MAJOR GOVERNMENTAL FUNDS OTHER THAN
GENERAL FUND AND SPECIAL REVENUE FUNDS
The General Improvements Projects Capital Projects Fund - is used to manage the programming of
funds and activities associated with major Capital Improvements Projects. The Fund accumulates
resources for capital expenditures and utilizes those resources to support projects that are general in
nature and are not Streets, Parks, or Community Improvements projects.
The Community Improvements Projects Capital Projects Fund - is used to manage the programming of
funds and activities associated with major the Capital Improvements Projects. The Fund accumulates
resources for capital expenditures and utilizes those resources to support projects that would promote or
enhance redevelopment, revitalization, beautification of the City's community and are not General
Improvements, Streets or Parks related projects.
The Parks Projects Capital Projects Fund - is used to manage the programming of funds and activities
associated with major the Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would construct, improve, or enhance
the City's parks and facilities.
The Streets Projects Capital Projects Fund - is used to manage the programming of funds and activities
associated with major the Capital Improvements Projects. The Fund accumulates resources for capital
expenditures and utilizes those resources to support projects that would construct, improve, or enhance
the City's highways, streets, roads, bridges, lighting, or the storm drain systems.
The Public Facilities Impact Fees Capital Projects Fund - is used to account for impact fees received
from developers of properties, which can only be used for the design, development, and construction of
new public facilities within the City.
The Fire Impact Fees Capital Projects Fund - is used to account for fees received from developers of
properties, which can only be used for the design, development, and construction of fire capital
expansion projects within the City.
The Traffic Impact Fees Capital Projects Fund - is used to account for fees received from developers of
properties, which can only be used for the design, development and construction of street projects within
the City.
85
CITY OF DUBLIN
GENERAL IMPROVEMENTS PROJECTS CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
EXPENDITURES:
Capital outlay:
General improvements
Total Expenditures
REVENUES OVER (UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
$10,654,870 $14,006,068 $8,866,096 $5,139,972
10,654,870 14,006,068 8,866,096 5,139,972
(10,654,870) (14,006,068) (8,866,096) 5,139,972
10,654,870 11,837,602 8,866,096 (2,971,506)
10,654,870 11,837,602 8,866,096 (2,971,506)
($2,168,466) $2,168,466
86
CITY OF DUBLIN
COMMUNITY IMPROVEMENTS PROJECTS CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
EXPENDITURES:
Community improvements
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
Budgeted Amounts
Original
87
Final
Variance with
Final Budget
Positive
Actual Amounts (Negative)
$86,820 $88,493 $81,234 $7,259
86,820 88,493 81,234 7,259
(86,820) (88,493) (81,234) 7,259
86,820 86,411 81,234 (5,177)
86,820 86,411 81,234 (5,177)
($2,082)
$2,082
CITY OF DUBLIN
PARKS PROJECTS CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
EXPENDITURES:
Capital outlay:
Parks
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
$3,869,630 $3,842,553 $2,322,021 $1,520,532
3,869,630 3,842,553 2,322,021 1,520,532
(3,869,630) (3,842,553) (2,322,021) 1,520,532
3,869,630 3,349,069 2,322,021 (1,027,048)
3,869,630 3,349,069 2,322,021 (1,027,048)
($493,484) $493,484
88
CITY OF DUBLIN
STREETS PROJECTS CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
EXPENDITURES:
Capital outlay:
Streets
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers in
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
Budgeted Amounts
Original
Final
Variance with
Final Budget
Positive
Actual Amounts (Negative)
$7,542,400 $7,155,538 $4,946,527 $2,209,011
7,542,400 7,155,538 4,946,527 2.209,011
(7,542,400) (7,155,538) (4,946,527) 2,209,011
7,542,400 6,289,640 4,946,527 (1,343,113)
7,542,400 6,289,640 4,946,527 (1,343,113)
($865,898) $865,898
89
CITY OF DUBLIN
PUBLIC FACILITIES IMPACT FEES CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
90
Variance with
Budgeted Amounts
Final Budget
Positive
Original
Final
Actual Amounts
(Negative)
REVENUES:
Interest
5241,370
$241,370
$143,401
($97,969)
Developer fees
3,629,840
3,629,840
12,830,985
9,201,145
Total Revenues
3,871,210
3,871,210
12,974,386
9,103,176
EXPENDITURES:
Capital outlay
Culture and leisure
108,330
108,330
2,565
105,765
Total Expenditures
108,330
108,330
2,565
105,765
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
3,762,880
3,762,880
12,971,821
9,208,941
OTHER FINANCING SOURCES (USES)
Transfers out
(3,869,630)
(3,349,069)
(2,322,021)
1,027,048
Total Other Financing Sources (Uses)
(3,869,630)
(3,349,069)
(2,322,021)
1,027,048
NET CHANGE IN FUND BALANCE
(5106,750)
$413,811
10,649,800
$10,235,989
BEGINNING FUND BALANCE
18,340,075
ENDING FUND BALANCE
$28,989,875
90
CITY OF DUBLIN
FIRE IMPACT FEES CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES:
Developer fees
Total Revenues
EXPENDITURES:
Current:
Public safety
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE (DEFICIT)
ENDING FUND BALANCE (DEFICIT)
Variance with
Budgeted Amounts Final Budget
Positive
Original Final Actual Amounts (Negative)
$55,330 $55,330 $269,408 $214,078
Oil
55,330 55,330 269,408 214,078
9,101 (9,101)
9,101 (9,101)
55,330 55,330 260,307 204,977
$55,330 $55,330 260,307 $204,977
(1,358,914)
($1,098,607)
CITY OF DUBLIN
TRAFFIC IMPACT FEES CAPITAL PROJECTS FUND
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCE
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES:
Interest
Developer fees
Total Revenues
EXPENDITURES:
Current:
General government
Community development
Total Expenditures
EXCESS (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfers out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
92
8,034,761
$9,542,553
Variance with
Budgeted Amounts
Final Budget
Positive
Original
Final
Actual Amounts
(Negative)
$49,090
$49,090
$77,127
$28,037
1,256,060
1,256,060
2,713,851
1,457,791
1,305,150
1,305,150
2,790,978
1,485,828
369,217
369,317
(100)
5,270
44
5,226
374,487
369,361
5,126
1,305,150
930,663
2,421,617
1,490,954
(2,500,940)
(1,308,751)
(913,825)
394,926
(2,500,940)
(1,308,751)
(913,825)
394,926
($1,195,790)
($378,088)
1,507,792
$1,885,880
92
8,034,761
$9,542,553
NON -MAJOR GOVERNMENTAL FUNDS
Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than major capital
projects) that are legally restricted to expenditures for specific purposes.
02XQMa9 *10 e10Be 010ei1
PUBLIC SAFETY:
SPECIAL CRIMINAL ACTIVITY
Established to account for receipt of funds derived from asset forfeitures.
VEHICLE ABATEMENT
Established to account for the use of funds received from vehicle registration of Dublin residents for the towing
of abandoned vehicles in city limits.
SUPPLEMENTAL LAW ENFORCEMENT (SLESJCOPS)
Established to account for police expenditures funded by a State grant.
TRAFFIC SAFETY
Established to account for the receipt of traffic fines and traffic safety expenditures.
FEDERAL ASSET SEIZURE
Established to account for the receipts and expenditures of the Federal seizure funds.
EMERGENCY MEDICAL SERVICES (EMS)
Established to account for excise taxes received to fund the costs of providing Emergency Medical Services.
ENFORCEMENT GRANTS
Established to account for miscellaneous grants received for police expenditures not reported in the above funds.
TRANSPORTATION:
STATE GAS TAX
Established to account for the receipt of state gasoline taxes and expenditures.
SAFETEA -LU
Established to account for the revenue received from the U.S. Department of Transportation under the Safe,
Accountable, Flexible, Efficient Transportation Equity Act: A Legal for Users fund.
93
NON -MAJOR GOVERNMENTAL FUNDS (Continued)
MEASURE B SALES TAX — LOCAL STREETS
Established to account for an Alameda County voter sales tax used for improvements on streets and roads.
MEASURE B SALES TAX — BIKE PEDESTRIAN
Established to account for an Alameda County voter approved increase in sales tax used for bike and pedestrian
related projects.
CONGESTION MANAGEMENT AGENCY
Established to account for funds received from the Alameda County Congestion Management Agency.
HIGHWAY SAFETY TRAFFIC REDUCTION BOND
Established to account for the receipts of funds for local streets and road improvements.
FEDERAL TRANSPORTATION (TIGER)
Established to account for the receipts of Federal grants for approved street and trail improvements funded by a
one -time Federal grants.
ACTC VEHICLE REGISTRATION FEE
Established to account for an Alameda County Transportation Commission (ACTC) voter approved increase in
vehicle registration fee that is distributed by ACTC to be used for street and road system maintenance.
10I►`► +I 1 Zfw11319i►Y
Established to account for the use of funds received which are levied by the County pursuant to a charter
amendment and are provided for recycling and related activities. This fund also accounts for other locally
derived funds for recycling related activities.
GARBAGE SERVICE
Established to account for the use of funds received which are levied by the county on behalf of the City for
garbage pick -up and removal and recycling services.
LOCAL RECYCLING
Established to account for locally derived funds collected for a commercial organic and recycling program and
activities retained by the City at the end of the franchise held by Waste Management Inc. These funds are
independent of the funds distributed by Stop Waste pursuant to the Alameda County Recycling Measure.
94
NON -MAJOR GOVERNMENTAL FUNDS (Continued)
AVI ECONOMIC BENEFITBUSINESS ASSISTANCE PROGRAM
Established to account for the grant received from Amador Valley Industry and to provide business owners
funding for eligible environmental related improvements.
STORM WATER MANAGEMENT
Established to account for the funds received from the State and designated specifically for the use of storm
water related activities.
BOX CULVERT
Established to account for the funds designated for the maintenance and repairs of box culvert in the East Dublin
area.
DUBLIN/DOUGHERTY STORM WATER MANAGEMENT
Established to account for funds designated for the management of the Dublin/Dougherty area storm water units.
VILLAGE PARKWAY STORM WATER MANAGEMENT
Established to account for funds designated for management of the Village Parkway area storm water units.
PARKS CULTURAL AND ARTS:
EAST BAY REGIONAL PARK DISTRICT
Establish to account for the funds received from the East Bay Regional Park District from the Measure WW -
Extend Existing East Bay Regional Park District Bond With No Increase In Tax Rate approved by voters on
November 4, 2008.
PUBLIC ART
Establish to account for the fees received from developers of properties, which can only be used for the purchase
design, development, and construction of Public Art projects within the City of Dublin.
CABLE TV FACILITIES
Established to account for Cable TV Facilities fees collected from Cable Television providers and passed
through to the City for local cable television as allowed under State and Federal franchising laws.
HEALTH AND WELFARE:
NOISE MITIGATION
Establish to account for the fees received from developers of properties, which can only be used for the noise
mitigation measures.
F
NON -MAJOR GOVERNMENTAL FUNDS (Continued)
COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG)
Used to account for grants and expenditures related to Community Development Block Grants received.
MAINTENANCE DISTRICTS:
Established to account for revenue and related expenditures of lighting and landscape districts.
W
This Page Left Intentionally Blank
CITY OF DUBLIN
NON -MAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEETS
JUNE 30, 2013
98
Special Revenue Funds
Special
Supplemental
Criminal
Vehicle
Law
Activity
Abatement
Enforcement
Traffic Safety
ASSETS
Cash and investments
$42,164
$223,582
$103,750
$89,677
Accounts receivable
51,780
Total Assets
$42,164
$223,582
$103,750
$141,457
LIABILITIES
Accounts payable
$1,156
$129
$103,601
$9,886
Due to other funds
Total Liabilities
1,156
129
103,601
9,886
FUND BALANCE
Fund balance:
Restricted
Public safety programs
41,008
223,453
149
131,571
Street maintenance and construction
Health and welfare programs
Recycling programs
Capital improvement projects
Total Fund Balances
41,008
223,453
149
131,571
Total Liabilities and Fund Balances
$42,164
$223,582
$103,750
$141,457
98
Special Revenue Funds
408,904 22,550 $4,418
2,343,633
$874,161 6,513
408,904 22,550 4,418 2,343,633 874,161 6,513
$422,834 $104,304 $4,418 $2,451,058 $1,287,053 $874,161 $63,159
(Continued)
99
Emergency
Measure B
Measure B
Federal Asset
Medical
Enforcement
Sales Tax
Sales Tax
Seizure
Services
Grants
State Gas Tax
SAFETEA -LU
Local Streets
Bike/Pedestrian
$422,834
$30,583
$4,418
$2,451,058
$779,836
73,721
$1,287,053
94,325
$63,159
$422,834
$104,304
$4,418
$2,451,058
$1,287,053
$874,161
$63,159
$13,930
$81,754
$107,425
$13,362
$1,287,053
43,284
13,930
81,754
107,425
1,287,053
56,646
408,904 22,550 $4,418
2,343,633
$874,161 6,513
408,904 22,550 4,418 2,343,633 874,161 6,513
$422,834 $104,304 $4,418 $2,451,058 $1,287,053 $874,161 $63,159
(Continued)
99
CITY OF DUBLIN
NON -MAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEETS
JUNE 30, 2013
ASSETS
Cash and investments
Accounts receivable
Total Assets
LIABILITIES
Accounts payable
Due to other funds
Total Liabilities
FUND BALANCE
Fund balance:
Restricted
Public safety programs
Street maintenance and construction
Health and welfare programs
Recycling programs
Capital improvement projects
Total Fund Balances
Total Liabilities and Fund Balances
Special Revenue Funds
Highway
ACTC
Congestion Safety Federal
Vehicle
Management Traffic Transportation
Registration
Agency Reduction Bond (TIGER)
Fee
$12,113
328,503
12,113 328,503
$290,981 $12,113 $340,912 $433,828
100
$4,282 $73,164
$371,347
$290,981
7,831 267,748
62,481
$290,981
$12,113 $340,912
$433,828
$105,325
$290,981
$340,912
290,981
340,912
105,325
$12,113
328,503
12,113 328,503
$290,981 $12,113 $340,912 $433,828
100
Special Revenue Funds
Dublin/
AVI Economic Storm Dougherty
Measure D Garbage Local Benefit/Business Water Storm Water
Recycling Service Recycling Assistance Program Management Box Culvert Management
$10,187 $87,981 $154,556 $100,000 $57,129 $356,089 $94,575
46,126 15,100 22,430
$56,313 $103,081 $154,556 $100,000 $79,559 $356,089 $94,575
$5,570 $22,692 $100,000
5,570 22,692 100,000
$79,559
$356,089 $94,575
50,743 $103,081 131,864
50,743 103,081 131,864 79,559 356,089 94,575
$56,313 $103,081 $154,556 $100,000 $79,559 $356,089 $94,575
(Continued)
101
CITY OF DUBLIN
NON -MAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEETS
JUNE 30, 2013
ASSETS
Cash and investments
Accounts receivable
Total Assets
LIABILITIES
Accounts payable
Due to other funds
Total Liabilities
FUND BALANCE
Fund balance:
Restricted
Public safety programs
Street maintenance and construction
Health and welfare programs
Recycling programs
Capital improvement projects
Total Fund Balances
Total Liabilities and Fund Balances
Special Revenue Funds
Village
Parkway
East Bay Cable
Storm Water
Regional TV
Management
Park District Public Art Facilities
$72,904
$72,904
$72,904
$1,595,532 $148,051
37,580
$1,595,532 $185,631
$2,832 $88,881
2,832 88,881
96,750
1,592,700
72,904 1,592,700 96,750
$72,904 $1,595,532 $185,631
102
Special Revenue Funds
Maintenance Districts
Community 1983 -1 1983 -2 1986 -1 1997 -1 1999 -1
Noise Development Street Stagecoach Dougherty Santa Rita East Dublin
Mitigation Block Grant Lighting Landscape Landscape Landscape Street Lighting
Total
Non -Major
Governmental
$75,907
$221,789
$51,639
$106,716
$312,800
$514,131
$8,556,681
$4,715
3,447
186
456
9,978
2,339,097
$75,907 $4,715
$225,236
$51,639
$106,902
$313,256
$524,109
$10,895,778
$3,021
$42,546
$8,311
$30,388
$64,855
$25,732
$831,396
1,694
1,963,924
4,715
42,546
8,311
30,388
64,855
25,732
2,795,320
182,690 498,377 1,933,295
43,328 76,514 248,401 4,116,118
$75,907 172,657
285,688
1,592,700
75,907 182,690 43,328 76,514 248,401 498,377 8,100,458
$75,907 $4,715 $225,236 $51,639 $106,902 $313,256 $524,109 $10,895,778
103
CITY OF DUBLIN
NON -MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfer out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCES:
Beginning of year
End of year
$26,705 $103,315
$810 1,938 435 $595
193,411
9,822 11,825
10,632 28,643 103,750 205,831
78,796 239 103,601 111,891
78,796 239 103,601 111,891
(68,164) 28,404 149 93,940
(20,100)
(20,100)
(68,164) 8,304 149 93,940
109,172 215,149 37,631
$41,008 $223,453 $149 $131,571
104
Special Revenue Funds
Special
Supplemental
Criminal
Vehicle Law
Activity
Abatement Enforcement Traffic Safety
$26,705 $103,315
$810 1,938 435 $595
193,411
9,822 11,825
10,632 28,643 103,750 205,831
78,796 239 103,601 111,891
78,796 239 103,601 111,891
(68,164) 28,404 149 93,940
(20,100)
(20,100)
(68,164) 8,304 149 93,940
109,172 215,149 37,631
$41,008 $223,453 $149 $131,571
104
Special Revenue Funds
Emergency Measure B Measure B
Federal Asset Medical Enforcement Sales Tax Sales Tax
Seizure Services Grants State Gas Tax SAFETEA -LU Local Streets Bike/Pedestrian
$152,234
$369,676 $131,752
173,860 $4,629 $1,152,857 $1,918,773
$1,541 374 505 18,089 7,147 837
416,699 282,992
418,240 326,468 5,134 1,170,946 1,918,773 376,823 415,581
118,036 320,629 4,660 29,784
526,822 15,333
3,024 $166,611
118,036 320,629 4,660 559,630 181,944
300,204 5,839 474 611,316 1,918,773 376,823 233,637
(170,660) (1,918,773) (346,513) (595,085)
(170,660) (1,918,773) (346,513) (595,085)
300,204 5,839 474 440,656 30,310 (361,448)
108,700 16,711 3,944 1,902,977 843,851 367,961
$408,904 $22,550 $4,418 $2,343,633 $874,161 $6,513
(Continued)
105
CITY OF DUBLIN
NON -MAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfer out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCES:
Beginning of year
End of year
Special Revenue Funds
Highway
ACTC
Congestion Safety Federal
Vehicle
Management Traffic Transportation
Registration
Agency Reduction Bond (TIGER)
Fee
106
$1,000 $267,749 $288,819
2,695 2,796
723
3,695 267,749 292,338
156,497
156,497
3,695 267,749 135,841
(507,203) (267,749) (40,468)
(507,203) (267,749) (40,468)
(503,508) 95,373
515,621 233,130
$12,113 $328,503
Special Revenue Funds
Dublin/
AVI Economic Storm Dougherty
Measure D Garbage Local Benefit/Business Water Storm Water
Recycling Service Recycling Assistance Program Management Box Culvert Management
$166,844 $18,000 $141,947
$2,635,880
66 3,544 1,581 248 $2,991 $790
166,910
2,639,424
19,581
142,195
2,991
790
5,880
5,000
146,471
2,584,389
68,651
152,351
2,584,389
68,651
5,000
14,559
55,035
(49,070)
142,195
2,991
(4,210)
(87,763)
(87,763)
14,559
55,035
(49,070)
54,432
2,991
(4,210)
36,184
48,046
180,934
25,127
353,098
98,785
$50,743
$103,081
$131,864
$79,559
$356,089
$94,575
(Continued)
107
CITY OF DUBLIN
NON -MAJOR GOVERNMENTAL FUNDS
COMBESTING STATEMENTS OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Transfer out
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCES:
Beginning of year
End of year
Special Revenue Funds
Village
Parkway
East Bay Cable
Storm Water
Regional TV
Management
Park District Public Art Facilities
$138,621
$635 $7,132 941
1,321,615
635 1,328,747 139,562
5,000 8,988
146,219
5,000 8,988 146,219
(4,365) 1,319,759 (6,657)
(4,365)
1,319,759 (6,657)
77,269 272,941 103,407
$72,904 $1,592,700 $96,750
108
Special Revenue Funds
Maintenance Districts
Community 1983 -1 1983 -2 1986 -1 1997 -1 1999 -1
Noise Development Street Stagecoach Dougherty Santa Rita East Dublin
Mitigation Block Grant Lighting Landscape Landscape Landscape Street Lighting
Total
Nonmaj or
Governmental
W,,., a
$152,234
501,428
$61,346 4,325,844
2,774,501
$624 $1,554 $316 $728 $2,390 $3,912 65,214
193,411
5,024 1,326,639
722,061
277,855 77,746 112,279 276,603 236,292 980,775
5,648 61,346 279,409 78,062 113,007 278,993 240,204 11,042,107
245,851 128,977 1,298,961
64,537 108,376 269,223 1,009,159
54,746 2,854,257
146,219
4,818 2,485 2,487 2,541 3,288 185,254
54,746 250,669 67,022 110,863 271,764 132,265 5,493,850
5,648 6,600 28,740 11,040 2,144 7,229 107,939 5,548,257
(6,600) (2,460) (650) (950) (2,730) (23,003) (3,990,707)
(6,600) (2,460) (650) (950) (2,730) (23,003) (3,990,707)
5,648 26,280 10,390 1,194 4,499 84,936 1,557,550
70,259 156,410 32,938 75,320 243,902 413,441 6,542,908
$75,907 $182,690 $43,328 $76,514 $248,401 $498,377 $8,100,458
109
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
WR
SPECIAL CRIMINAL ACTIVITY
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$1,070 $1,070 $810 ($260)
9,822 9,822
1,070 1,070 10,632 9,562
44,830 79,924 78,796 1,128
44,830 79,924 78,796 1,128
(43,760) (78,854) (68,164) 10,690
($43,760) ($78,854) (68,164) $10,690
109,172
$41,008
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Otherrevenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
111
VEHICLE ABATEMENT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$32,580 $32,580
$2,430 2,430
$26,705 (5,875)
1,938 (492)
35,010
35,010
28,643
(6,367)
620
620
239
381
620
620
239 381
34,390
34,390
28,404 (5,986)
(20,100)
(20,100)
(20,100)
(20,100)
(20,100)
(20,100)
$14,290
$14,290
8,304 ($5,986)
215,149
$223,453
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
112
SUPPLEMENTAL LAW ENFORCEMENT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$100,000 $100,000 $103,315
435
$3,315
435
100,000 100,000 103,750 3,750
100,000 100,000 103,601 (3,601)
100,000 100,000 103,601 (3,601)
149 149
149 $149
$149
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
113
TRAFFIC SAFETY
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$595
$595
$141,870 $141,870 193,411
51,541
11,825
11,825
141,870 141,870 205,831
63,961
142,240 142,240 111,891
30,349
142,240 142,240 111,891 30,349
(370) (370) 93,940 94,310
(38,380)
(38,380)
($38,750) ($370) 93,940 $94,310
37,631
$131,571
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
114
FEDERAL ASSET SEIZURE
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$1,110 $1,110 $1,541 $431
416,699 416,699
1,110 1,110 418,240 417,130
118,036 118,036
118,036 118,036
1,110 (116,926) 300,204 417,130
$1,110 ($116,926) 300,204 $417,130
108,700
$408,904
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
115
EMERGENCY MEDICAL SERVICES
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$152,400 $152,400 $152,234 ($166)
174,150 174,150 173,860 (290)
374 374
326,550 326,550 326,468 (82)
337,310 337,310 320,629 16,681
337,310 337,310 320,629 16,681
(10,760) (10,760) 5,839 16,599
($10,760) ($10,760) 5,839 $16,599
16,711
$22,550
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUESOVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
116
ENFORCEMENT GRANT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$2,200 $5,875 $4,629 ($1,246)
505 505
2,200 5,875 5,134 (741)
2,200 5,875 4,660 1,215
2,200 5,875 4,660 1,215
474 474
474 $474
3,944
$4,418
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
STATE GAS TAX
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$1,263,500 $1,263,500 $1,152,857 ($110,643)
16,380 16,380 18,089 1,709
1,279,880
1,279,880
1,170,946
(108,934)
56,520
58,086
29,784
28,302
478,920
495,715
526,822
(31,107)
6,000
6,000
3,024
2,976
541,440
559,801
559,630
171
738,440
720,079
611,316
(108,763)
(727,760)
(257,375)
(170,660)
86,715
(727,760)
(257,375)
(170,660)
86,715
$10,680
$462,704
440,656
($22,048)
117
1,902,977
$2,343,633
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
118
SAFETEA -LU
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$1,560,790 $1,560,790 $1,918,773 $357,983
1,560,790 1,560,790 1,918,773 357,983
1,560,790 1,560,790 1,918,773 357,983
(1,560,790) (1,855,231) (1,918,773) (63,542)
(1,560,790) (1,855,231) (1,918,773) (63,542)
($294,441) $294,441
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Otherrevenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
12n 4117: xw:1W r"
Beginning of year
End of year
119
MEASURE B SALES TAX LOCAL STREETS
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$334,570 $334,570
7,460 7,460
$369,676 $35,106
7,147 (313)
342,030 342,030 376,823 34,793
342,030
342,030
376,823
34,793
(626,600)
(339,509)
(346,513)
(7,004)
(626,600)
(339,509)
(346,513)
(7,004)
($284,570)
$2,521
30,310
$27,789
843,851
$874,161
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
120
MEASURE B SALES TAX BIKE/PEDESTRIAN
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$118,990 $118,990 $131,752 $12,762
1,360 1,360 837 (523)
341,300 341,300 $282,992 (58,308)
461,650 461,650 415,581 (46,069)
15,410
15,410
15,333
77
168,800
191,700
166,611
25,089
184,210
207,110
181,944
25,166
277,440
254,540
233,637
(20,903)
(371,300)
(621,285)
(595,085)
26,200
(371,300)
(621,285)
(595,085)
26,200
($93,860)
($366,745)
(361,448)
$5,297
367,961
$6,513
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
121
CONGESTION MANAGEMENT AGENCY
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUESOVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
122
HIGHWAY SAFETY
TRAFFIC REDUCTION BOND
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$1,000 $1,000
2,695 2,695
3,695 3,695
3,695 3,695
($515,070) ($516,449) (507,203) 9,246
(515,070) (516,449) (507,203) 9,246
($515,070) ($516,449) (503,508) $12,941
515,621
$12,113
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Otherrevenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
123
FEDERAL TRANSPORTATION
(TIGER)
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$292,520 $292,520 $267,749 ($24,771)
292,520 292,520 267,749 (24,771)
292,520 292,520 267,749 (24,771)
(292,520) (292,520) (267,749) 24,771
(292,520) (292,520) (267,749) 24,771
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
ACTC VEHICLE REGISTRATION FEE
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$203,360 $203,360 $288,819
$85,459
2,796
2,796
$723
723
203,360 203,360 292,338
88,978
466,280
169,660 169,660 156,497
13,163
169,660 169,660
156,497
13,163
33,700 33,700
135,841
102,141
(506,748)
(40,468)
466,280
(506,748)
(40,468)
466,280
$33,700 ($473,048)
95,373
$568,421
124
233,130
$328,503
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
125
MEASURE D RECYCLING
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$150,000
$150,000
$166,844
$16,844
850
850
$66
(784)
150,850
166,910
150,850
16,060
5,880 5,880 5,880
182,810 182,810 146,471 36,339
188,690 188,690 152,351 36,339
(37,840) (37,840) 14,559 52,399
($37,840) ($37,840) 14,559 $52,399
36,184
$50,743
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
126
GARBAGE SERVICE
Budgeted Amounts
Original Final
$2,475,650 $2,607,350
Variance
Positive
Actual (Negative)
$2,635,880 $28,530
3,544 3,544
2,475,650 2,607,350 2,639,424 32,074
2,493,860 2,625,560 2,584,389 41,171
2,493,860 2,625,560 2,584,389 41,171
(18,210) (18,210) 55,035 73,245
($18,210) ($18,210)
55,035 $73,245
48,046
$103,081
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Otherrevenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
127
LOCAL RECYCLING
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$18,000 $18,000
1,060 1,060
$18,000
1,581
19,060 19,060 19,581
87,130 87,130 68,651
$521
521
18,479
87,130 87,130 68,651 18,479
(68,070) (68,070) (49,070) 19,000
($68,070) ($68,070) (49,070) $19,000
180,934
$131,864
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
128
STORM WATER MANAGEMENT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$483,250 $483,250 $141,947 ($341,303)
248 248
483,250 483,250 142,195 (341,055)
483,250 483,250 142,195 (341,055)
(443,250) (95,131) (87,763) 7,368
(443,250) (95,131) (87,763) 7,368
$40,000 $388,119 54,432 ($333,687)
25,127
$79,559
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Otherrevenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
129
BOX CULVERT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$5,050 $5,050 $2,991 ($2,059)
5,050 5,050 2,991 (2,059)
80,000 80,000
80,000 80,000
80,000
80,000
(74,950) (74,950) 2,991 77,941
($74,950) ($74,950) 2,991 $77,941
353,098
$356,089
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
WRM i : :W"
Beginning of year
End of year
130
DUBLIN/DOUGHERTY
STORM WATER MANAGEMENT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$1,100 $1,100 $790 ($310)
1,100 1,100 790 (310)
5,000 5,000 5,000
5,000 5,000 5,000
(3,900) (3,900) (4,210) (310)
($3,900) ($3,900) (4,210) ($310)
98,785
$94,575
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Otherrevenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
131
VILLAGE PARKWAY STORM WATER MANAGEMENT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$810 $810 $635 ($175)
810 810 635 (175)
5,000 5,000 5,000
5,000 5,000 5,000
(4,190) (4,190) (4,365) (175)
($4,190) ($4,190) (4,365) ($175)
77,269
$72,904
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 106,950 106,950 (106,950)
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out) (106,950)
Total Other Financing Sources (Uses) (106,950)
NET CHANGE IN FUND BALANCES $106,950 ($106,950)
FUND BALANCE:
Beginning of year
End of year
132
EAST BAY REGIONAL PARK DISTRICT
Variance
Budgeted Amounts
Positive
Original Final Actual
(Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
$106,950 $106,950
($106,950)
Charges for service
Interest
Fines and forfeitures
Developer fees
Otherrevenue
Special assessments
Total Revenues
106,950 106,950
(106,950)
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 106,950 106,950 (106,950)
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out) (106,950)
Total Other Financing Sources (Uses) (106,950)
NET CHANGE IN FUND BALANCES $106,950 ($106,950)
FUND BALANCE:
Beginning of year
End of year
132
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Otherrevenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
133
PUBLIC ART
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$2,700
$2,700
$7,132
$4,432
100,000
100,000
1,321,615
1,221,615
102,700
102,700
1,328,747
1,226,047
2,500 2,500 8,988 (6,488)
2,500 2,500 8,988 (6,488)
100,200 100,200 1,319,759 1,219,559
$100,200 $100,200 1,319,759 $1,219,559
272,941
$1,592,700
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
134
CABLE TV FACILITIES
Budgeted Amounts
Original Final
$135,000 $135,000
1,700 1,700
Variance
Positive
Actual (Negative)
$138,621 $3,621
941 (759)
136,700 136,700 139,562 2,862
25,130
157,430
146,219
11,211
25,130
157,430
146,219
11,211
111,570 (20,730) (6,657) 14,073
$111,570 ($20,730) (6,657) $14,073
103,407
$96,750
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 2,740 2,740 5,648 2,908
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $2,740 $2,740 5,648 $2,908
FUND BALANCE:
Beginning of year 70,259
End of year $75,907
135
NOISE MITIGATION
Variance
Budgeted Amounts
Positive
Original
Final
Actual
(Negative)
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
$740
$740
$624
($116)
Fines and forfeitures
Developer fees
2,000
2,000
5,024
3,024
Other revenue
Special assessments
Total Revenues
2,740
2,740
5,648
2,908
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES 2,740 2,740 5,648 2,908
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES $2,740 $2,740 5,648 $2,908
FUND BALANCE:
Beginning of year 70,259
End of year $75,907
135
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
136
COMMUNITY DEVELOPMENT BLOCK GRANT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$61,350 $61,350 $61,346 ($4)
61,350
61,350
61,346 (4)
54,750
54,750
54,746 4
54,750
54,750
54,746 4
6,600
6,600
6,600
(6,600) (6,600) (6,600)
(6,600) (6,600) (6,600)
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
EXPENDITURES
Current:
Public safety
306,990
1983 -1 STREET LIGHTING
245,851
61,139
Highways and streets
MAINTENANCE DISTRICT
Health and welfare
Variance
Budgeted Amounts
Positive
Cultural and leisure
Original
Final Actual
(Negative)
REVENUES
Community development
9,410
9,410
Property taxes
4,592
Total Expenditures
316,400
Taxes other than property
250,669
65,731
REVENUES OVER
Intergovernmental
Charges for service
(39,290)
(39,290)
28,740
Interest
$1,860
$1,860 $1,554
($306)
Fines and forfeitures
Debt issued
Developer fees
Transfers (out)
Other revenue
2,500
2,500
(2,500)
Special assessments
272,750
272,750 277,855
5,105
Total Revenues
277,110
277,110 279,409
2,299
EXPENDITURES
Current:
Public safety
306,990
306,990
245,851
61,139
Highways and streets
Health and welfare
Cultural and leisure
Community development
9,410
9,410
4,818
4,592
Total Expenditures
316,400
316,400
250,669
65,731
REVENUES OVER
(UNDER) EXPENDITURES
(39,290)
(39,290)
28,740
68,030
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
(2,460)
(2,460)
(2,460)
Total Other Financing Sources (Uses)
(2,460)
(2,460)
(2,460)
NET CHANGE IN FUND BALANCES
($41,750)
($41,750)
26,280
$68,030
FUND BALANCE:
Beginning of year 156,410
End of year $182,690
137
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
138
1983 -2 STAGECOACH LANDSCAPE
MAINTENANCE DISTRICT
Variance
Budgeted Amounts Positive
Original Final Actual (Negative)
$490 $490 $316 ($174)
79,410 79,410 77,746 (1,664)
79,900 79,900 78,062 (1,838)
72,800 72,800 64,537 8,263
3,900 3,900 2,485 1,415
76,700 76,700 67,022 9,678
3,200 3,200 11,040 7,840
(650) (650) (650)
(650) (650) (650)
$2,550 $2,550 10,390 $7,840
32,938
$43,328
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Otherrevenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUESOVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
139
1986 -1 DOUGHERTY LANDSCAPE
MAINTENANCE DISTRICT
Budgeted Amounts
Original Final
Variance
Positive
Actual (Negative)
$930
$930
$728
($202)
115,140
115,140
112,279
(2,861)
116,070
116,070
113,007
(3,063)
118,140 118,140 108,376 9,764
4,500 4,500 2,487 2,013
122,640 122,640 110,863 11,777
(6,570) (6,570) 2,144 8,714
(950) (950) (950)
950 (950) (950)
($7,520 ($7,520) 1,194 $8,714
75,320
$76,514
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
REVENUES
Property taxes
Taxes other than property
Intergovernmental
Charges for service
Interest
Fines and forfeitures
Developer fees
Other revenue
Special assessments
Total Revenues
EXPENDITURES
Current:
Public safety
Highways and streets
Health and welfare
Cultural and leisure
Community development
Total Expenditures
REVENUES OVER
(UNDER) EXPENDITURES
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
Total Other Financing Sources (Uses)
NET CHANGE IN FUND BALANCES
FUND BALANCE:
Beginning of year
End of year
140
1997 -1 SANTA RITA LANDSCAPE
MAINTENANCE DISTRICT
Budgeted Amounts
Original Final
Variance
Positive
Actual (Negative)
$2,870
$2,870
$2,390
($480)
302,830
302,830
276,603
(26,227)
305,700
305,700
278,993
(26,707)
303,430 303,430 269,223 34,207
7,690 7,690 2,541 5,149
311,120 311,120 271,764 39,356
5,420 (5,420) 7,229 12,649
2,730 (2,730) (2,730)
2,730 (2,730) (2,730)
$8,150 ($8,150) 4,499 $12,649
243,902
$248,401
CITY OF DUBLIN
BUDGETED NON -MAJOR FUNDS
SCHEDULE OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL
FOR THE YEAR ENDED JUNE 30, 2013
EXPENDITURES
Current:
Public safety
1999 -1 EAST DUBLIN STREET LIGHTING
158,020
128,977
MAINTENANCE DISTRICT
Highways and streets
Variance
Budgeted Amounts
Positive
Cultural and leisure
Original
Final
Actual
(Negative)
REVENUES
6,890
6,890
3,288
3,602
Property taxes
164,910
164,910
132,265
32,645
Taxes other than property
Intergovernmental
55,650
55,650
107,939
52,289
Charges for service
Interest
$4,870
$4,870
$3,912
($958)
Fines and forfeitures
(28,640)
(20,588)
(23,003)
(2,415)
Developer fees
(28,640)
(20,588)
23,003
(2,415)
Other revenue
$27,010
$35,062
84,936
$49,874
Special assessments
215,690
215,690
236,292
20,602
Total Revenues
220,560
220,560
240,204
19,644
EXPENDITURES
Current:
Public safety
158,020
158,020
128,977
29,043
Highways and streets
Health and welfare
Cultural and leisure
Community development
6,890
6,890
3,288
3,602
Total Expenditures
164,910
164,910
132,265
32,645
REVENUES OVER
(UNDER) EXPENDITURES
55,650
55,650
107,939
52,289
OTHER FINANCING SOURCES (USES)
Debt issued
Transfers (out)
(28,640)
(20,588)
(23,003)
(2,415)
Total Other Financing Sources (Uses)
(28,640)
(20,588)
23,003
(2,415)
NET CHANGE IN FUND BALANCES
$27,010
$35,062
84,936
$49,874
FUND BALANCE:
Beginning of year 413,441
End of year $498,377
141
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INTERNAL SERVICE FUND
Internal Service Funds are used to account for the financing of goods or services provided by one department or
agency to other departments or agencies of the City on a cost reimbursement basis. The City has established five
of these types of funds:
VEHICLE REPLACEMENT
This fund is an interest bearing Internal Service Fund established to finance necessary vehicle replacements.
BUILDING REPLACEMENT
This fund is an interest bearing Internal Service Fund established to finance future major building component
repair expenditures.
EQUIPMENT REPLACEMENT
This fund is an interest bearing Internal Service Fund established to finance necessary equipment
replacements.
MAINTENANCE AND REPAIR
This fund is an interest bearing Internal Service Fund established to account for the on -going maintenance
and repairs of vehicle and office equipment.
RETIREE HEALTH CARE
This fund is an interest bearing Internal Service Fund established to account for the contribution made to the
California Employers' Retiree Benefit Trust Fund for future retiree health care benefits.
W I _"W _I10921101-11
This fund was established to account for the repayment to the general fund for the advance made in fiscal
year 2007 -2008 to pay Ca1PERS for the City's Side Fund obligation. The Side Fund was created in 2005
when Ca1PERS assigned agencies with less than 100 participants to a risk sharing pool. The City elected to
pre -pay its obligation from the General Fund reserves and an internal service charge is made each year to
repay the reserve.
PARK REPLACEMENT
This fund was established to finance future major maintenance and repairs of City's parks.
ENERGY EFFICIENCY
This fund was established to account for the financing and construction of the Energy Efficiency Upgrade
Capital Project.
143
ASSETS
Current Assets:
Cash and investments
Restricted cash
Prepaid items
Accounts receivable
Total current assets
Noncurrent Assets:
Land
Construction in progress
Building and improvements
Vehicles and equipment
Less: accumulated depreciation
Total non - current assets
Total Assets
LIABILITIES
Current Liabilities:
Accounts payable and accruals
Contract retentions payable
Due to other funds
Capital lease
Total current liabilities
Noncurrent Liabilities:
Capital Lease
Advances from other funds
Total non - current liabilities
Total Liabilities
NET POSITION
Net Investment in capital assets
Unrestricted
Total Net Position
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF NET POSITION
June 30, 2013
Vehicle Building Equipment Maintenance
Replacement Replacement Replacement and Repair
$3,263,908
3,263,908
3,772,541
(2,748,130)
1,024,411
4,288,319
$8,585,599 $2,321,285 $212,117
5,569 36,296
8,585,599 2,326,854 248,413
10,774,792
540,594 307,395
62,115,075
428,100 2,393,737
(26,068,978) (2,248,115)
47,789,583 453,017
2,779,871 248,413
46,594 12,970
46,594 12,970
46,594 12,970
1,024,411
47,789,583
453,017
3,263,908
8,585,599
2,280,260 235,443
$4,288,319
$56,375,182
$2,733,277 $235,443
144
Retiree
PERS
Park
Energy
Health Care
Side Fund
Replacement
Efficiency
Total
$211,350
$122,515
$14,716,774
1,076,574
1,076,574
41,865
$118,072
118,072
118,072
211,350
1,199,089
15,953,285
10,774,792
847,989
62,115,075
6,594,378
(31,065,223)
49,267,011
118,072
211,350
1,199,089
65,220,296
330,484
390,048
316,347
316,347
92,908
92,908
627,018
627,018
92,908
1,273,849
1,426,321
6,128,806
6,128,806
$1,642,768
1,642,768
1,642,768
6,128,806
7,771,574
92,908
1,642,768
7,402,655
9,197,895
49,267,011
25,164
(1,642,768)
211,350
(6,203,566)
6,755,390
$25,164
($1,642,768)
$211,350
($6,203,566)
$56,022,401
145
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN FUND NET POSITION
FOR THE YEAR ENDED JUNE 30, 2013
OPERATING REVENUES
Charges for services
Otherrevenue
Total Operating Revenues
OPERATING EXPENSES
Supplies and services
OPEB expenses
Depreciation
Total Operating Expenses
Operating Income (Loss)
NONOPERATING REVENUES (EXPENSES)
Interest income
Gain from sale of property
Total Nonoperating Revenues (Expenses)
Income (Loss) Before Transfers
Transfer (out)
Net transfers
Change in Net Position
BEGINNING NET POSITION (DEFICIT)
ENDING NET POSITION (DEFICIT)
Vehicle
Building
Equipment
Maintenance
Replacement
Replacement
Replacement
and Repair
$331,279
$170,628
$387,564
$505,667
17,375
331,279
170,628
387,564
523,042
31,103
(311,207)
(131,418)
349,209
249,327
2,133,464
111,558
280,430
1,822,257
(19,860)
349,209
50,849
(1,651,629)
407,424
173,833
26,673
73,944
20,723
1,238
14,770
41,443
73,944
20,723
1,238
92,292
(1,577,685)
428,147
175,071
(307,395)
(311,207)
(307,395)
(311,207)
92,292
(1,885,080)
116,940
175,071
4,196,027
58,260,262
2,616,337
60,372
$4,288,319
$56,375,182
$2,733,277
$235,443
146
Retiree
PERS
Park
Energy
Health Care
Side Fund
Replacement
Efficiency
Total
$1,198,363
$352,058
$104,664
$3,050,223
447,470
$865
465,710
1,645,833
352,058
104,664
865
3,515,933
(62,313)
1,636,146
1,636,146
2,494,349
1,636,146
4,068,182
9,687
352,058
104,664
865
(552,249)
1,042
1,318
124,938
14,770
1,042
1,318
139,708
10,729
352,058
105,982
865
(412,541)
(6,204,431)
(6,823,033)
(6,204,431)
(6,823,033)
10,729
352,058
105,982
(6,203,566)
(7,235,574)
14,435
(1,994,826)
105,368
63,257,975
$25,164
($1,642,768)
$211,350
($6,203,566)
$56,022,401
147
CITY OF DUBLIN
INTERNAL SERVICE FUNDS
COMBINING STATEMENTS OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from other funds
Payments to suppliers and service providers
Other revenues
Cash Flows from (used for) Operating Activities
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Payments to other funds
Cash Flows (used for) Noncapital Financing Activities
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Purchase of capital assets
Sales of capital assets
Cash Flows from Capital and Related
Financing Activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Proceeds from issuance of debt
Cash Flows from Investing Activities
Net Cash Flows
Cash and investments at beginning of year
Cash and investments at end of year
Reconciliation of operating income (loss) to net cash flows
from operating activities:
Operating income (loss)
Adjustments to reconcile operating income (loss)
to net cash flows from operating activities:
Depreciation
Change in assets and liabilities:
Accounts receivable
Prepaid expenses
Accounts payable and accruals
Cash Flows from Operating Activities
Vehicle Building Equipment Maintenance
Replacement Replacement Replacement and Repair
$331,279 $170,628 $381,995 $505,667
(31,103) 311,207 131,418 (365,836)
17,375
300,176 481,835 513,413 157,206
(307,395) (311,207)
(307,395) (311,207)
(111,471) (311,207) (317,856)
14,770
(96,701) (311,207) (317,856)
26,673
73,944
20,723
1,238
26,673
73,944
20,723
1,238
230,148
(62,823)
(94,927)
158,444
3,033,760
8,648,422
2,416,212
53,673
$3,263,908
$8,585,599
$2,321,285
$212,117
$50,849
($1,651,629)
$407,424
$173,833
249,327
2,133,464
111,558
(5,569)
(1,098)
(15,529)
$300,176
$481,835
$513,413
$157,206
148
Retiree PERS Park Energy
Health Care Side Fund Replacement Efficiency Total
$1,450,780 $352,058 $104,664 $3,297,071
(1,678,371) 646,831 (985,854)
447,470 865 465,710
219,879 352,058 104,664 647,696 2,776,927
(220,921) (352,058)
(220,921) (352,058)
(6,204,431) (7,396,012)
(6,204,431) (7,396,012)
(740,534)
14,770
(725,764)
1,042 1,318
124,938
6,755,824
6,755,824
1,042 1,318
6,755,824
6,880,762
105,982
1,199,089
1,535,913
105,368
14,257,435
$211,350
$1,199,089
$15,793,348
$9,687 $352,058 $104,664
$865
($552,249)
2,494,349
252,417 252,417
(6,667)
(42,225) 646,831 589,077
$219,879 $352,058 $104,664 $647,696 $2,776,927
149
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AGENCY FUNDS
Agency Funds are used to account for assets held by the City in a fiduciary capacity for individuals, governmental
entities and others. These funds carry out the specifications of trust indentures, ordinance or other regulations.
DUBLIN BOULEVARD EXTENSION ASSESSMENT DISTRICT
To account for the special assessment established to fund the improvements to Dublin Boulevard.
ASSOCIATED COMMUNITY ACTION PROGRAM
This fund was established for the City to act as the fiscal agent to collect and account for the contributions
received from twelve cities in Alameda County and to coordinate administrative service for the closing of the
ACAP, a Joint Powers Agency, in social services related programs serving Alameda County communities.
GEOLOGIC HAZARD ABATEMENT DISTRICTS
Two districts were formed under provisions in the California Public Resource Code, which establishes in
section 25670 that a District is a political subdivision of the State and is not an agency or instrumentality of a
local agency. The City acts as a trustee of the funds collected and may contractually provide or arrange for
services paid for by the District. Fiscal Year 2008 -2009 was the first year that tax roll assessments were
levied by the Districts.
Fallon Village Geologic Hazard Abatement District
This assessment district was established in 2007, in accordance with a condition of approval for the
Fallon Village development project. The District was formed to provide a mechanism for ongoing
maintenance of open space areas within the development. The boundary of this assessment district
encompasses approximately 175 acres of land, located generally east of Fallon Road.
Schaefer Ranch Geologic Hazardous Abatement District
This assessment district was established in 2006, in accordance with a condition of approval for the
Fallon Village development project. The District was formed to provide a mechanism for ongoing
maintenance of open space areas within the development. The boundary of this assessment district
encompasses approximately 500 acres of land, located at the westerly boundary of the City limits north
of Interstate 580, and south of the unincorporated area of Alameda County.
Fallon Village Annex/Jordan Ranch Geologic Hazard Abatement District
This assessment district was established to account for the maintenance of open space areas within the
Jordan Ranch development. On May 3, 2011 the City Council approved Resolution No. 52 -11 which
modified the boundaries of the Fallon Village District. The Jordan Ranch property was annexed into the
Fallon Village Geologic Hazard Abatement District subject to a separate Engineers report.
Fallon Crossing (North Tassajara) Geologic Hazard Abatement District
This assessment district was established to account for the maintenance of open space areas in
accordance with a condition of approval for the Fallon Crossings development project. The boundary of
the District encompasses 68 acres of land located on the northeast side of Tassajara Road, about 2 '/a
miles north of Interstate Highway 580, Tassajara Road and Moller Creek, a tributary of Tassajara Creek,
border the western and northeastern limits of the site.
151
CITY OF DUBLIN
AGENCY FUNDS
Cash and investments
$100,810
$153,332
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
$194,085
FOR THE YEAR ENDED JUNE
30, 2013
184
Balance
$100,810
Balance
June 30, 2012
Additions
Deductions
June 30, 2013
Dublin Boulevard Extension Assessment District
Accounts payable
Assets
$15,845
$3,044
$15,845
Cash and investments $33,376
$189,248
$215,387
$7,237
Restricted cash and investments 164,508
$164,508
$153,516
$197,884
$189,248
$379,895
$7,237
Liabilities
Due to bondholders $197,884
$189,248
$379,895
$7,237
$197,884
$189,248
$379,895
$7,237
Associated Community Action Program
Assets
Cash and investments
$100,810
$153,332
$60,057
$194,085
Accounts receivable
184
184
$100,810
$153,516
$60,057
$194,269
Liabilities
Accounts payable
$3,044
$15,845
$3,044
$15,845
Due to trustee
97,766
137,671
57,013
178,424
$100,810
$153,516
$60,057
$194,269
Fallon Village
Geologic Hazardous Abatement District
Assets
Cash and investments
$336,020
$330,600
$3,417
$663,203
Accounts receivable
1,191
1,191
$336,020
$331,791
$3,417
$664,394
Liabilities
Accounts Payable
$6,362
$6,362
Due to trustee
$336,020
325,429
$3,417
658,032
$336,020
$325,429
$3,417
$664,394
152
CITY OF DUBLIN
AGENCYFUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2013 (Continued)
Schaefer Ranch Geologic Hazardous Abatement District
Assets
Cash and investments
Liabilities
Due to trustee
Fallon Village Annex/Jordan Ranch
Geologic Hazardous Abatement District
Assets
Due from trustee
Liabilities
Due to City
Fallon Crossing (North Tassajara)
Geologic Hazardous Abatement District
Assets
Cash and investments
Accounts receivable
Liabilities
Accounts Payable
Due to trustee
Balance
June 30, 2012
Additions
Deductions
Balance
June 30, 2013
$530,985 $369,472 $3,250 $897,207
$530,985 $369,472 $3,250 $897,207
$530,985 $369,472 $3,250 $897,207
$530,985 $369,472 $3,250 $897,207
153
$900 $900
$900 $900
$900 $900
$900 900
$7,257 $2,592 $4,665
1,492 1,492
$8,749 $2,592 $6,157
$8,749 $2,592 $6,157
$8,749 $2,592 $6,157
CITY OF DUBLIN
AGENCYFUNDS
STATEMENT OF CHANGES IN ASSETS AND LIABILITIES
FOR THE YEAR ENDED JUNE 30, 2013 (Continued)
Balance
June 30, 2012 Additions Deductions
Totals - All Aaencv Funds
Assets
Cash and investments
Restricted cash and investments
Accounts receivable
Due from trustee
Liabilities
Accounts payable
Due to City
Due to trustee
Due to bondholders
Balance
June 30, 2013
$1,001,191
$1,049,909
$284,703
$1,766,397
164,508
164,508
2,867
2,867
900
900
$1,165,699
$1,053,676
$449,211
$1,770,164
$3,044
$22,207
$3,044
$22,207
900
900
964,771
841,321
66,272
1,739, 820
197,884
189,248
379,895
7,237
$1,165,699
$1,053,676
$449,211
$1,770,164
154
STATISTICAL SECTION
This part of the City's Comprehensive Annual Financial Report presents detailed information as a context for
understanding what the information in the financial statements, note disclosures, and required supplementary
information says about the City's overall financial health. In contrast to the financial section, the statistical section
information is not subject to independent audit.
Financial Trends
These schedules contain trend information to help the reader understand how the City's financial performance and
well being have changed over time:
1. Net Position by Component
2. Changes in Net Position
3. Fund Balances of Governmental Funds
4. Changes in Fund Balance of Governmental Funds
Revenue Capacity
These schedules contain information to help the reader assess the City's most significant local revenue source, the
property tax:
1. Assessed Value and Estimated Actuarial of Taxable Property
2. Direct and Overlapping Property Tax Rates
3. Principal Property Taxpayers
4. Property Tax Levies and Collections
Debt Capacity
These schedules present information to help the reader assess the affordability of the City's current levels of
outstanding debt and the City's ability to issue additional debt in the future:
1. Direct and Overlapping Debt
2. Legal Debt Margin Information
Demographic and Economic Information
These schedules offer demographic and economic indicators to help the reader understand the environment within
which the City's financial activities take place:
1. Demographic and Economic Statistics
2. Property Value, Construction and Bank Deposits
3. Principal Employers
Operating Information
These schedules contain service and infrastructure data to help the reader understand how the information in the
City's financial report relates to the services the City provides and the activities it performs:
Full -Time Equivalent City and Contract Government Employees by Function
Operating Indicators by Function
Capital Asset Statistics by Function
Top 25 Sales Tax Producers
Miscellaneous Statistical Data
Sources
Unless otherwise noted, the information in these schedules is derived from the Comprehensive Annual Financial
Reports for the relevant year.
155
This Page Left Intentionally Blank
City of Dublin
General Governmental Activities Tax Revenues by Source and
Governmental Activities Tax Revenues by Source
Last Ten Fiscal Years
Fiscal
Year
Property
Transient
Ended
Property
Sales
Franchise
Transfer
Occupancy
June 30
Tax
Tax
Tax
Tax
Tax
Total
2004
$11,422,308
$14,297,705
$1,505,435
$571,361
$664,309
$28,461,118
2005
14,167,079
14,517,465
1,559,900
831,003
663,632
31,739,079
2006
16,891,670
14,807,059
1,789,356
690,404
727,612
34,906,101
2007
20,266,216
14,458,912
2,111,281
596,533
800,773
38,233,715
2008
22,229,039
14,684,091
2,221,930
493,175
789,396
40,417,631
2009
23,306,302
12,424,541
2,180,846
254,022
577,057
38,742,768
2010
22,286,209
12,581,879
2,271,574
372,646
557,000
38,069,308
2011
21,918,484
12,969,119
2,639,584
475,199
683,732
38,686,118
2012
22,398,847
15,465,340
3,004,367
411,575
879,733
42,159,862
2013
23,742,336
15,860,768
3,178,089
873,022
1,003,146
44,003,699
Data Source: City
of Dublin Administrative Services Department
Notes: The City experienced a dramatic decline in Transient Occupancy Taxes following the September 11, 2001 national
tragedy and the economy down turn that occurred in the San Francisco Bay Area during
2001 -2005.
157
City of Dublin
Net Position by Component
Last Ten Fiscal Years
(accrual basis of accounting)
Primary government:
Governmental activities:
Invested in capital assets,
net of related debt
$ 80,050,710
$ 383,667,187
$ 387,888,143
$ 399,631,407
$ 411,619,671
Restricted
37,455,125
45,288,468
48,480,463
45,647,928
48,572,719
Unrestricted
50,943,803
52,176,440
57,766,785
61,789,687
68,456,077
Total primary government
$ 168,449,638
$ 481,132,095
$ 494,135,391
$ 507,069,022
$ 528,648,467
Data Source: City of Dublin Administrative Services Department
Notes: The City of Dublin implemented GASB34 for the fiscal year ended June 30, 2002. Information prior to the implementation of
GASB34 is not available. The significant increase in Capital Assets in Fiscal Year 2004 -2005 is due to a retroactive valuation
recorded for the City's existing infrastructure in accordance with GASB 34.
158
2009 2010 2011 2012 2013
$ 423,474,384 $ 436,857,107 $ 433,779,703 $ 433,548,888 $ 433,274,581
36,906,687 25,004,384 21,453,867 36,714,724 52,548,095
66,597,197 70,203,471 76,303,907 86,063,259 98,532,513
$ 526,978,268 $ 532,064,962 $ 531,537,477 $ 556,326,871 $ 584,355,189
159
City of Dublin
Changes in Net Position
Last Ten Fiscal Years
(accrual basis of accounting)
Expenses:
Governmental activities:
General government
Public safety
Highways and streets
Health and welfare
Culture and leisure services
Community development
Total governmental activities
Program revenues:
Governmental activities:
Charges for services:
General government
Public safety
Highways and streets
Health and welfare
Culture and leisure services
Community development
Operating grants and contributions
Capital grants and contributions
Total governmental activities
Net revenues (expenses):
General revenues and other changes in net assets:
Governmental activities:
Taxes:
Property taxes
Sales tax
Other taxes
Motor vehicle tax, unrestricted
Investment income, unrestricted
Other general revenues
Total governmental activities
Changes in net assets
Data Source: City of Dublin Administrative Services Department
2004 2005 2006 2007 2008
$ 6,288,645
$ 3,081,581
$ 4,940,586
$ 8,866,758
$ 7,790,286
17,135,716
19,047,262
20,314,535
22,306,240
23,282,634
939,260
19,810,590
13,894,865
17,182,208
20,196,496
3,755,564
1,722,224
1,887,417
1,816,800
1,689,353
1,603,494
8,954,495
10,074,239
14,080,040
12,200,759
6,113,171
7,210,558
8,553,887
11,157,417
8,276,993
35,835,850
59,826,710
59,665,529
75,409,463
73,436,521
2,603
5,198
4,011
208,247
216,334
851,864
1,197,925
1,270,233
2,284,955
1,301,328
2,321,473
2,451,377
2,167,740
745,727
13,794
1,558,930
1,541,361
2,092,566
2,483,619
3,301,877
1,252,866
1,617,013
1,751,965
1,508,752
1,722,627
6,135,027
6,969,366
6,629,383
9,432,854
5,599,417
239,094
169,906
238,053
2,813,079
2,747,497
15,364,732
42,585,906
18,900,426
25,973,730
37,393,930
27,726,589
56,538,052
33,054,377
45,450,963
52,296,804
$ (8,109,261) $ (3,288,658) $ (26,611,152) $ (29,958,500) $ (21,139,717)
11,422,308
14,167,079
16,891,670
20,266,216
22,229,039
13,940,263
14,152,987
14,363,863
14,025,869
14,225,661
2,865,226
3,181,939
3,343,943
3,508,587
3,504,501
1,682,152
413,075
856,766
261,276
197,245
799,008
2,704,647
2,505,911
4,053,187
4,399,908
309,901
199,233
280,386
1,109,734
1,202,074
31,018,858
34,818,960
38,242,539
43,224,869
45,758,428
$ 22,909,597
$ 31,530,302
$ 11,631,387
$ 13,266,369
$ 24,618,711
Notes: The City of Dublin implemented CASB34 for the fiscal year ended June 30, 2002. Information prior to the implementation of
GASB34 is not available.
160
2009 2010 2011 2012 2013
$ 8,721,545
$ 8,396,199
$ 9,322,322
$ 10,116,219
$ 10,265,476
23,880,635
23,797,696
24,413,496
26,781,283
26,846,045
20,368,655
15,969,371
10,142,946
6,709,217
7,241,263
1,869,428
3,615,077
12,749,042
146,204
3,753,875
11,563,136
10,757,355
9,304,429
9,804,128
10,772,868
7,175,272
5,112,469
5,482,552
6,089,415
9,979,877
73,578,671
67,648,167
71,414,787
59,646,466
68,859,404
215,711
219,386
225,109
140,418
142,353
1,545,935
1,600,890
1,821,404
1,061,352
2,482,060
598,542
8,078,369
450,937
738,662
470,063
3,050,719
2,798,092
2,874,952
3,063,223
3,422,782
1,719,501
2,101,867
2,214,407
1,909,812
2,463,146
4,720,221
3,775,102
5,546,417
9,051,970
9,540,241
2,245,945
2,229,043
2,220,247
1,008,318
1,135,050
14,599,068
12,254,443
15,745,614
23,668,070
28,689,753
28,695,642
33,057,192
31,099,087
40,641,825
48,345,448
$ (44,883,029) $ (34,590,975) $ (40,315,700) $ (19,004,641) $ (20,513,956)
23,311,587
22,287,783
21,918,484
22,246,360
23,590,102
12,832,417
12,183,267
12,969,119
14,996,932
15,359,340
2,180,846
3,201,219
3,798,515
4,295,675
5,054,257
160,242
141,221
250,974
4,266,601
758,016
536,047
865,719
(399,590)
461,137
1,106,163
1,079,419
1,389,349
4,938,165
43,212,830
39,677,669
40,552,558
43,794,035
48,542,274
$ (1,670,199)
$ 5,086,694
$ 236,858
$ 24,789,394
$ 28,028,318
161
City of Dublin
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
All Other Governmental Funds
Reserved $ 37,395,125 $ 44,948,468 $ 48,140,467 $ 43,485,046 $ 50,789,419
Unreserved, designated, reported in:
Special revenue funds
Capital projects funds
Undesignated (1,810,979) (2,202,289) (1,893,598) (1,791,762) (1,837,021)
Non - Spendable - - - - -
Restricted - - - - -
Committed - - - - -
Assigned - - - - -
Unassigned - - - - -
Total all other governmental funds $ 35,584,146 $ 42,746,179 $ 46,246,869 $ 41,693,284 $ 48,952,398
Total All Governmental Funds $ 82,004,237 $ 123,202,654 $ 97,143,746 $ 99,993,037 $ 112,364,707
Data Source: City of Dublin Administrative Services Department
Note: All Other Governmental Funds includes the City's Major and Non Major Capital Project and Special Revenue Funds,
excluding the General Fund.
In FY2011 the City implemented GASB No. 54 - the new Fund Balance Reporting and Governmental Fund Type Definitions.
This Statement establishes the definitions for new categories for reporting fund balance and revises the definitions for
governmental fund types. As a result five new components of fund balance were established:
Non - Spendable, Restricted, Committed, Assigned, and Unassigned. Prior to FY2011, the Fund Balances were reported as Reserved and
Unreserved Fund Balances. Post FY2010, the Reserved Fund Balances were further categorized as Non - Spendable, Restricted and
Committed and the Unreserved Fund Balances were classified as Assigned and Unassigned.
162
2004
2005
2006
2007
2008
General Fund
Reserved
$ 1,896,575
$ 2,275,433
$ 2,080,678
$ 5,741,942
$ 5,623,014
Unreserved, designated for:
Advance to TVTD W. BART station contribution
-
-
-
-
-
Affordable Housing
1,000,000
1,000,000
11000,000
1,000,000
1,000,000
Authorized expenditures
32,581,785
32,971,221
38,860,039
44,328,550
42,181,292
Capital improvements
8,222,723
41,239,100
5,985,440
4,258,539
8,884,334
Cash Flow & Operation Stability
-
-
-
-
-
Catastrophic Loss & Business Recovery
-
-
-
-
-
Capital Improvements Projects Carryover
-
-
-
-
-
Compensated Absences
-
-
-
-
744,041
Economic Uncertainty
2,719,008
2,970,721
2,970,720
2,970,722
2,970,722
Emergency Communication System
-
-
-
-
-
Fire Retiree Medical
-
-
-
-
500,000
Innovation & New Opportunities
-
-
-
-
-
Investment Market Value Adjustment
-
-
-
-
1,508,906
Operation Carryover
-
-
-
-
-
Service Continuity Obligation
-
-
-
-
-
Unreserved, undesignated
-
-
-
-
-
Non - Spendable
-
-
-
-
-
Restricted
-
-
-
-
-
Committed
-
-
-
-
-
Assigned
-
-
-
-
-
Unassigned
-
-
-
-
-
Total general fund
$ 46,420,091
$ 80,456,475
$ 50,896,877
$ 58,299,753
$ 63,412,309
All Other Governmental Funds
Reserved $ 37,395,125 $ 44,948,468 $ 48,140,467 $ 43,485,046 $ 50,789,419
Unreserved, designated, reported in:
Special revenue funds
Capital projects funds
Undesignated (1,810,979) (2,202,289) (1,893,598) (1,791,762) (1,837,021)
Non - Spendable - - - - -
Restricted - - - - -
Committed - - - - -
Assigned - - - - -
Unassigned - - - - -
Total all other governmental funds $ 35,584,146 $ 42,746,179 $ 46,246,869 $ 41,693,284 $ 48,952,398
Total All Governmental Funds $ 82,004,237 $ 123,202,654 $ 97,143,746 $ 99,993,037 $ 112,364,707
Data Source: City of Dublin Administrative Services Department
Note: All Other Governmental Funds includes the City's Major and Non Major Capital Project and Special Revenue Funds,
excluding the General Fund.
In FY2011 the City implemented GASB No. 54 - the new Fund Balance Reporting and Governmental Fund Type Definitions.
This Statement establishes the definitions for new categories for reporting fund balance and revises the definitions for
governmental fund types. As a result five new components of fund balance were established:
Non - Spendable, Restricted, Committed, Assigned, and Unassigned. Prior to FY2011, the Fund Balances were reported as Reserved and
Unreserved Fund Balances. Post FY2010, the Reserved Fund Balances were further categorized as Non - Spendable, Restricted and
Committed and the Unreserved Fund Balances were classified as Assigned and Unassigned.
162
2009 2010 2011 2012 2013
$ 5,343,610
$ 5,922,446
$ -
$ -
$ -
-
1,000,000
-
-
-
1,000,000
1,000,000
-
-
-
34,474,209
3,960
-
-
-
11,049,175
7,394,088
-
-
-
-
8,860,000
-
-
-
-
8,420,000
-
-
-
-
203,507
-
-
-
791,582
802,311
-
-
-
5,868,847
5,868,847
-
-
-
210,000
11000,000
-
-
-
750,000
4,500,000
-
-
-
-
13,000,000
-
-
-
2,334,061
1,516,569
-
-
-
301,874
171,100
-
-
-
-
1,350,000
-
-
-
-
-
4,096,768
3,433,886
2,836,130
-
-
-
-
500,000
-
-
27,893,755
24,176,650
36,020,171
-
-
17,407,053
22,080,677
23,912,896
-
-
14,745,685
15,072,535
14,047,932
$ 62,123,358
$ 61,012,828
$ 64,143,261
$ 64,763,748
$ 77,317,129
$ 34,570,414
$ 25,004,384
$ -
$ -
$ -
(1,841,336) (3,168,929) - - -
21,453,867 38,073,638 53,646,702
- - (1,735,988) (1,358,914) (1,098,607)
$ 32,729,078 $ 21,835,455 $ 19,717,879 $ 36,714,724 $ 52,548,095
$ 94,852,436 $ 82,848,283 $ 83,861,140 $ 101,478,472 $ 129,865,224
163
City of Dublin
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(modified accrual basis of accounting)
Data Source: City of Dublin Administrative Services Department
164
2004
2005
Revenues:
Property taxes
$ 11,422,308
14,167,079
Taxes other than property
17,038,810
17,572,000
Intergovernmental
4,942,167
3,312,079
Licenses and permits
3,090,992
3,520,141
Charges for services
5,789,970
6,623,303
Investment income
857,734
2,948,612
Use of property
130,741
125,835
Fines and forfeitures
272,153
292,658
Developer fees
13,455,274
14,361,337
Special assessments
593,201
744,100
Other revenues
1,152,096
954,949
Total revenues
58,745,446
64,622,093
Expenditures
Current:
General government
6,193,881
6,535,408
Public safety
17,222,501
19,163,929
Highways and streets
2,072,806
2,272,310
Health and welfare
3,762,260
1,734,787
Culture and leisure services
5,098,102
5,377,134
Community development
6,363,727
7,404,619
Capital outlay:
General
2,170,910
1,250,772
Health and welfare
-
-
Community improvements
734,113
462,751
Culture and leisure
-
-
Parks
5,425,790
9,237,426
Streets
7,045,878
2,828,616
Debt service:
Principal
-
-
Total expenditures
56,089,968
56,267,752
Excess (deficiency of revenues over (under)
expenditures
2,655,478
8,354,341
Other financing sources (uses):
Transfers in
21,905
1,336,275
Transfers out
(21,905)
(1,336,275)
Total other financing
sources (uses)
-
-
Net change in fund balances
$ 2,655,478
$ 8,354,341
Debt service as a percentage of
noncapital expenditures
0.0%
0.0%
Data Source: City of Dublin Administrative Services Department
164
6,631,238
Fiscal Year
12,371,670
(14,045,568)
(12,004,157)
1,012,859
17,474,221
21,563,719
2006
2007
2008
2009
2010
2011
2012
2013
16,891,670
20,266,213
22,229,039
23, 306, 302
22 ,286,209
22,067,074
22,398,847
23,742,336
18,014,431
17,967,499
18,188,593
15,436,466
15,783,099
17,210,947
19,761,015
20,915,025
2,593,336
2,845,936
3,431,314
2,393,153
7,951,237
3,946,271
3,962,572
4,534,748
3,142,223
2,572,069
1,784,644
1,623,029
2,260,364
2,752,748
4,501,736
5,224,932
7,090,105
9,476,984
8,101,935
7,759,628
7,100,403
8,743,460
10,331,501
11,979,079
2,859,433
5,840,949
6,101,736
5,597,303
1,475,308
952,819
1,068,138
(185,467)
123,154
203,240
335,151
989,081
1,491,413
978,642
659,857
580,507
340,336
342,098
360,496
318,737
312,778
303,595
284,993
326,027
17,018,274
8,618,271
18,226,041
1,875,841
4,387,339
9,390,001
15,965,329
19,545,692
645,230
716,144
797,520
826,717
868,348
904,739
944,455
980,775
826,715
960,534
2,497,249
3,312,774
1,778,477
4,135,091
4,509,762
9,134,201
69,544,907
69,809,937
82,053,718
63,439,031
65,694,975
71,385,387
84,388,205
96,777,855
4,983,006
5,619,088
5,590,247
6,047,115
8,957,744
7,935,407
7,001,850
7,600,102
20, 542, 375
22 ,148,312
23,629,954
23,951,223
24,241,160
24,546,456
26,298,962
26,643,549
2,536,127
2,726,599
2,719,532
3,168,513
2,985,311
3,030,540
2,768,068
3,096,498
1,906,950
1,626,197
1,706,918
1,888,631
3,653,297
12,775,536
4,422,468
4,149,599
5,948,563
6,874,596
7,207,896
7,621,663
7,267,805
7,223,808
8,248,229
8,919,816
8,199,933
8,173,711
8,335,105
7,364,651
5,300,211
5,609,603
7,362,732
8,586,129
666,160
377,026
411,293
4,221,956
742,754
599,965
6,641,674
8,866,096
-
75,526
-
-
-
-
-
-
838,618
95,672
218,058
68,236
82,333
328,418
213,777
81,234
-
-
-
-
-
-
996,669
2,324,586
10189,487
10,711,807
8,820,229
9,409,692
10,706,350
3,809,723
-
-
7,102,450
5,532,110
11,042,816
13,742,919
13,762,167
4,513,072
2,959,555
4,946,527
62,913,669
63,960,644
69,682,048
77,484,599
77,699,132
70,372,528
66,913,984
75,214,136
6,631,238
5,849,293
12,371,670
(14,045,568)
(12,004,157)
1,012,859
17,474,221
21,563,719
21,789
90,399
77,528
26,232
25,777,410
9,163,360
10,898,009
16,338,838
(21,789)
(90,399)
(77,528)
(26,232)
(25,777,410)
(9,163,360)
(10,754,898)
(9,515,805)
-
-
-
-
-
-
143,111
6,823,033
$ 6,631,238
$ 5,849,293
$ 12,371,670
$ (14,045,568)
$ (12,004,157)
$ 1,012,859
$ 17,617,332
$ 28,386,752
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
165
City off" 'Dublay
Assess 'Nate andEst-Imated Actual'VaJue of Taxable Pro Perty,
Last.7"en Fiscal'Years
I` i,Sca I City Wide
Year Taxa,ble Avg'I'otal,
Endvd Rt-sidenfial Comniew.ial Indu%trial UnwTured i LPSS: A%sessed i ) i ni I Tax
I wine 30, Propel-KY, Property P ra Pe g-ky Other Projv-rly I]Xempt.iuns Value Rate
2004
$3,1,13,586,490
!098,908,601
$147,997 ;15
61,72%8w1
0.23'-MW%
2005
3,7311,424',115
1,4732,5 2,.3x71
154,758,38,5
662,659,500
(72,61Z237)
5,,507,7 2,154
0.23964%
2(X.)6
4 ,520222,157
1,052,701,438
1,62,182,398
652279788
(77,085,570)
6,3'1030a,2,11
L'23,895 %
2007 ,
5,M5,91,37,692
1,066,813,2194
161,909A66
873,757,282
(80,274,178)
7,3711,123,956
0,23U-A%
2008
5,870,526,,%5
1,112,837,055
171,673,M2
1,072,734,321
(78,188,899)
8,1�49,5K2,054
11 , ZT1 M %
2009
6,2(2330,781
1,241,301,4M
I 9082,74)�
1,032,449,487
(36,47$,510)
62
11.23942`X,
2010
5,868,488,395
1,926ASJ,7UV
212, "1139,321'5
983,426.713
(49,873,3U].)
8,341,467,340
11.25855%
201,1
5,967,980,343
1,1283,382,821
209,573,141
843,686,10,92
(1. 15,875,1.8'9)
8,190,747,208
CM859%
2012
6111.4,540,497
1,263,207,583
246,434,460
859,683,607
(120,22517'?,7)
8,363,640,440
(.1.23855%
2013
078,930,4 1
1,3,30,147X-t
. . ..... . ......
245,481,519
90,5145,9166
(112,290,00)
8, 79(LM(A� 5
0,2'1796%
& A t. Assessed Value of Tax�able Property
Data Scnirm HDI, Corral, Canc and Alameda County Assessor (.ombifledTIx R()IK,
Noum,
1) 111 ,1918 the, votel", of tile State of califunlia hags and PrOj>ositioll 13 whit"11 fil'I'lited, property Uixem to a I(Aal maxi mUFn GAP K'If I %
baSKI LI Oil the,11-WeSS"EMi Value DI'the propei-ty b(ing imessed., Eiach year, the assessed value of pro ei��tv ma to imileAlsed 1) ar
P P 'Y 'Y I
"irifla Von fadr-or" (I im ilml to a maxiinurn incrVase of 2%). Wfth few •xrvptionq, property i% nnIV n;•ws%,- It thr. fime (Nit it is Sold
to arww ow.,ner. Al flut poiftt, the now assew: uI vilue fi* mws�seswd M Ow PoTchase. price of the Property '001d, (n Add,4101) to twat I
fixed arinormt, property owiters a re charged taixes w; a p(mvnfiige irA awssed proper rvahoes k5r the apnent tA any vou�ra prow'A
P P
bonds.
2) Thi,., data, shown above reprewnts the only d"i curmnfly avaflable with reqwect kw Lhe ac(mal market: valu e. of
taxable properry,
3) The I I
, City-wkle Direct Tax 141v is the w6ghtO av "mige of oU ialdividual dijvct rates A )Plied by th"o, City, 'I"ho" lxctuap tax tatv� for
each pr(Terty variesacmrdingtea its lax rite area.
Im
City of Dublin
Direct and Overlapping Property Tax Rates
(Rate per $100 of assessed value)
Last Ten Fiscal Years
2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13
Basic Levy (1)
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
1.00000
Bay Area Rapid Transit
0.00000
0.00000
0.00480
0.00500
0.00760
0.00900
0.00570
0.00310
0.00410
0.00430
Castro Valley Unified School Bonds
0.05610
0.05320
0.07180
0.08110
0.09720
0.09690
0.10230
0.10040
0.09890
0.09240
Chabot -Las Positas Community College Bonds
0.00000
0.01860
0.01580
0.01590
0.01640
0.01830
0.01950
0.02110
0.02140
0.02190
Dublin Unified Bonds 1A & B
0.04290
0.03990
0.08170
0.08850
0.08500
0.07320
0.08160
0.10110
0.09700
0.09930
East Bay Regional Park
0.00570
0.00570
0.00570
0.00850
0.00800
0.01000
0.01080
0.00840
0.00710
0.00510
Flood Zone 7 State Water Bonds
0.01450
0.01140
0.01300
0.01510
0.01500
0.01690
0.02030
0.02500
0.03070
0.02280
Livermore Valley Joint Unified School Bond
0.07930
0.07930
0.08300
0.06920
0.06260
0.06160
0.06740
0.06350
0.06270
0.06070
Total Direct & Overlapping (2) Tax Rate
1.19850
1.20810
1.27580
1.28330
1.29180
1.28590
1.30760
1.32260
1.32190
1.30650
Total Direct Rate (4)
0.23965
0.23964
0.23895
0.23868
0.23849
0.23842
0.23855
0.23859
0.23855
0.23796
City's Share of 1% Levy per Proposition 13 (3)
0.28177
0.28177
0.28177
0.28177
0.28177
0.28177
0.28177
0.28177
0.28177
0.28177
Source: HDL Coren & Cone and Alameda County Assessor Tax Rate Table
Notes:
(1) In 1978, California voters passed Proposition 13 which sets the property tax rate at a 1% fixed amount. This 1 % is shared by all taxing agencies for
which the subject property resides within. In addition to the 1.00% fixed amount, property owners are charged taxes as a percentage of assessed property
values for the payment of any voter approved bonds.
(2) Overlapping rates are those of local and county governments that apply to property owners within the City. Not all overlapping rates apply to all city
property owners.
(3) City's Share of 1% Levy is based on the City's share of the general fund tax rate area with the largest net taxable value within the City. ERAF general
fund tax shifts may not be included in tax ratio figures.
(4) The Total Direct Rate is the weighted average of all individual direct rates. The City has different Tax Rate Areas (TRA) administered by the County
Tax Collector. The City's share of Property Tax can vary by each TRA. Because basic and debt rates vary by tax rate area individual rates cannot be
summed.
167
City of Dublin
Principal Property Taxpayers
Current, And Nine Years Ago
Taxpayer (Number of Parcels)
DCA Corporate Center, LLC
Acre Dublin, LLC
Toll Dublin LLC
Bere Island Properties I, LLC
Chang S. Lin
Security Capital Pacific Trust
Toll California II LP
Cisco System Inc
CSDV LP
BIT Holdings Sixty -Three Inc
Trust NOIP Dublin LP
4800 Tassajara Road Apartments Investor
Avalon Dublin Station LP
Dublin Corporate Center
Bere Island Properties I, LLC
Tishman Speyer Archstone Smith
BIT Holdings Sixty -Three INC
Kaiser Foundation Hospitals
Ross Dress for Less
SVF Waterford Dublin
Top Ten Total
2003/04
2012/13
Percent of Total Percent of Total
Assessed Value Assessed Value Assessed Value Assessed Value
110,430,300
2.25%
103,445,238
2.10%
88,433,997
1.80%
74,974,598
1.53%
62,434,874
1.27%
62,228,930
1.27%
60,154,942
1.22%
56,150,000
1.14%
54,500,000
1.11%
51,023,507
1.04%
149,125,836
1.70%
112,164,410
1.28%
87,066,583
0.99%
86,682,500
0.99%
85,520,155
0.97%
79,711,972
0.91%
73,178,626
0.83%
64,521,989
0.73%
61,028,894
0.69%
51,892,500
0.59%
$723,776,386
14.73%
$850,893,465
9.68%
Source: HDL Coren & Cone and Alameda County Assessor Combined Tax Rolls and the SBE Non Unitary Tax roll
168
City of Dublin
Property "rax Levies and, Cullectiuns
Last'Feu Fiqcal'Years
Rurwal
callerted within the
Year
J'atal']'ax
Fiscal Year of the Levy
Cultected in
Total Callffflons tu Dafe
U'nJ ed
],'.cvy f or
11 c re ell LI ge
Subsequent
Percentage
June M
Fiscal Year
Amount
of Levy
years
Amount
of Levy
201.9
$1,2,ON,769
$11,876,609
94.5%
$31,886
511,859,495
98.6X.
20t)3'
11,8fY9,608
1Z64,685
9&0%
245,157
12,599,M2
97.9%
21.106
14,92n,052
19,530,450
907%
25,115,35
13,784,985
'92..a1%
20()?
18AM,227
'16,641,262
W.31%
412,491
17,102,743
92.5%
XM
Z).497.287
11 11111,067'
W 191
77%,11 5
18,878,962
923 %
21OI)
20,911,250
1 K!'584,496
88.9%
11114,5311
19"389026
92.7'XM
2010
20,M2,877
17,66057
W2%
5131248
1 8,xp'l M
9019W.
211111
19,395,329
17,880,097
92,21.
4;17191'.
17,,88(),087
92.2%
W12
18,211t,()�2
93.31%
52.7,988
111112841052
93.311%
W13
20,556Z177
19,419,862
94.4%
N/A
19,419,862
94.4 Wo
noperty, Tax Collection
Source; Ahwke(hl COIJV)h'(Xfi(-x.,of
Note%
Total Levy hwhide.9 Sectkred, Unsectued, Rstitr,Med Unitary Property'Iaws, nn'd E81imated
M
This Page Left Intentionally Blank
City of Dublin
Direct and Overlapping Debt
June 30, 2013
Total Property Tax Assessed Value of Taxable Property
OVERLAPPING DEBT REPAID WITH PROPERTY TAXES
Bay Area Rapid Transit District
Chabot -Las Positas Community College District
Dublin Joint Unified School District
East Bay Regional Park District
City of Dublin 1915 Act Bonds
California Statewide Communities Development Authority 1915 Act Bonds
TOTAL DIRECT AND OVERLAPPING TAX AND ASSESSMENT DEBT
OVERLAPPING OTHER DEBT
Alameda County General Fund Obligations
Alameda County Pension Obligations
Alameda - Contra Costa Transit District Certificates of Participation
TOTAL OVERLAPPING GENERAL FUND DEBT
COMBINED TOTAL DEBT (2)
RATIOS TO ASSESSED VALUATION:
DirectDebt ................ ............................... ...........................0.00 %
Total Direct and Overlapping Tax and Assessment Debt .................3.14%
Combined Total Debt ... ............................... ..........................3.52%
Source: California Municipal Statistics, Inc.
$ 8,790,788,955
Percentage
Applicable to
Outstanding Debt City of Dublin Estimated Share of
6/30/13 (1) Overlapping Debt
$ 410,690,000
1.7490%
$
7,182,968
$ 438,355,959
10.2150%
$
44,778,061
$ 219,818,392
99.9760%
$
219,765,636
$ 135,565,000
2.6950%
$
3,653,477
$ -
100.0000%
$
-
$ 1,038,185
100.0000%
$
1,038,185
$
276,418,327
$ 638,960,000
4.4470%
$
28,414,551
$ 109,277,602
4.4470%
$
4,859,575
$ 31,380,000
0.1070%
$
33,577
$
33,307,703
$
309,726,029
Notes:
1) For debt repaid with property taxes, the percentage of overlapping debt applicable is estimated using taxable assessed property values.
Applicable percentages were estimated by determining the portion of another governmental unit's taxable assessed value that is within the city's
boundaries and dividing it by each unit's total taxable assessed value.
2) Overlapping governments are those that coincide, generally, within the geographic boundaries of the City.
3) This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of
the City. This process recognizes that, when considering the City's ability to issue and repay long -term debt, the entire debt burden borne by the
171
City of Dublin
Legal Debt Margin Information
Last Ten Fiscal Years
Assessed valuation
Add back exempted real property
Total assessed valuation
Conversion Ratio
Converted assessed valuation
Debt limit percentage
Debt limit
Total net debt applicable to limit:
General obligation bonds
Fiscal Year
2004 2005 2006 2007
$ 4,871,327,283 $ 5,507,782,154 $ 6,310,300,211 $ 7,370,123,956
70,891,008 72,612,237 77,085,570 80,274,178
$ 4,942,218,291 $ 5,580,394,391 $ 6,387,385,781 $ 7,450,398,134
25% 25% 25% 25%
$ 1,235,554,573 $ 1,395,098,598 $ 1,596,846,445 $ 1,862,599,534
15% 15% 15% 15%
$ 185,333,186 $ 209,264,790 $ 239,526,967 $ 279,389,930
Legal debt margin $ 185,333,186 $ 209,264,790 $ 239,526,967 $ 279,389,930
Total debt applicable to the limit
as a percentage of debt limit 0.0% 0.0% 0.0% 0.0%
Source: City of Dublin Administrative Services Department
Notes:
1. The Government Code of the State of California provides for a legal
debt limit of 15% of gross assessed valuation. However, this provision
was enacted when assessed valuation was based upon 1981 -82 fiscal
year, each parcel is now assessed at 100% of market value (as of the
most recent change in ownership for that parcel). The computations
shown above reflect a conversion of assessed valuation data for each
fiscal year from5% of market value. Effective with the current full
valuation perspective to the 25% level that was in effect at the time
that the legal debt margin was enacted by the State of California for
local governments located within the state.
2. Excludes 1915 Act Bonds since they are not General Obligation
Debt of the City of Dublin.
172
$ 8,227,770,953
$ 8,675,164,678
$ 8,391,335,701
$ 8,306,622,397
$ 8,483,866,147
$ 8,903,085,018
2008
2009
2010
2011
2012
2013
$ 2,056,942,738
$ 2,168,791,170
$ 2,097,833,925
$ 2,076,655,599
$ 2,120,966,537
$ 2,225,771,255
$ 8,149,582,054
$ 8,638,686,162
$ 8,341,462,340
$ 8,190,747,208
$ 8,363,640,410
$ 8,790,788,955
78,188,899
36,478,516
49,873,361
115,875,189
120,225,737
112,296,063
$ 8,227,770,953
$ 8,675,164,678
$ 8,391,335,701
$ 8,306,622,397
$ 8,483,866,147
$ 8,903,085,018
25%
25%
25%
25%
25%
25%
$ 2,056,942,738
$ 2,168,791,170
$ 2,097,833,925
$ 2,076,655,599
$ 2,120,966,537
$ 2,225,771,255
15%
15%
15%
15%
15%
15%
$ 308,541,411 $ 325,318,675 $ 314,675,089 $ 311,498,340 $ 318,144,981 $ 333,865,688
$ 308,541,411 $ 325,318,675 $ 314,675,089 $ 311,498,340 $ 318,144,981 $ 333,865,688
0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
173
City of Dublin
Demographic And Economic Ratistics
Last Ten Calendar Years
Odendar You
Per%mal [namno, (in
lfi ,,r CapulW Pvrmmal
RaW
Ranh in 1.1,,j ze, v f
"'inu ary 'I
City Polm.1afion (1),
—Thow-sard s) (2)
Ineon'to (2)
(3)
Cj'Hfj)vnjo, (7,jH4 jq (1),
2A R,
36,144
S1,147,826
SM,71 S
4,10%
2N1I:
2001d,
38,263
1,319,0V
34,474
150%
193
N')()5
19,774
1,477,0Q2
37,1:7
1. 0% 111
IQ.
`116.6
41,848
1,719,669
41,((.'13
2.60%
190
6' 07
1101,5611
41,721
2.11()%
'184
ItMff
V5,40)
2fl77172211
44,N"M
I71A,
1180
20,09
471951
ai l,Rar 3
42. 426
6.W %
179
2010
45,672
1,7(xjfwj4
.'q, 8 2:,�
6"AM
1171)
201-1
46,765
L,677,(M
N5,86,15
6,N)'At
W
2012
49,6X)
1,81, 3,688
%,4,74
41.20%.
1175
1) 11DI.,("oren Cone/Staic-of 20(w11-201Y) populadons ass estimated ba. d Oil Ccnstjs 2(.X)O.
dklta WdS ddj�USIVd IMSULI kNI (,V'JINUb2(R,0,
2), 11 W., Cown & C oj w/ P u rvdkt () f E(,()h ( mm i e: Ali a Iv aid,, 110 rsomlA I I fteo n:1 o a cl cl Vc, r CA i h Pe v Sonal I vwxml V, Ala akeda C L) 11 My
3), HD L. Cv r en h (Amw /S ta Le o f C a I dornia P. i n p1jo y me n t Devd opmeni Defhk rtmenm . Q ty's A n nual Av en ge
0 45,0100
24
40,000
m
:3
CL
a
30, C„ O
A
rp ev
ZME��K
1,74
N
rp
City ofUlublin
Property Value, Coiisliucfio�n And Bank Depo,5ifs
Last Ten Fiscal'Years
Sour(-,e.']) Gly of Dubhn Community Develk)pnient Ekpart=,tnt
'2r) Findley i*OPOTN, Inc Bank1N,,p(A-Jts reprvwnfis, the am=nt 4 cash dvpositq livid by finaricid iristitutions
within fllf' ity allflUJIly, jatl Lhrij Div.
Lft"101 It, =1 1, aa-
Iff-M-lar M-1
i I -S
0 Commercial
Residential
Total NXIMber of
Coniniercial
Residential
Fiscal Year Ended
ludo big Pei,,tnits
Coxistroctior Value
Construvtion Value
It] ne %)
Mued (1),
P)
0 )
Bank Tlepos,6 (2)
2004
1154
$18,575,62.]
$214,2563,776
$488,34,3,U00
2005
12,75
56,481,612
283,817,542
560,441,0U11
2006
1199
96,189,754
207,862,999
915,00600
2007
1,214
56,$32,041
178,094,884
985,&35,(X)fJ
20I)s
1333
18,256,381
59,647,886
918105,00
21"11"1,1
1'1 01
23,9(18"Bo
61,242,418
1,094,860,M0
2(110,
1345
17,40700
1,24,930,163
1,0151,570,000
2(31
1471
4,11,(X15,124
1,65,324,045
1,281,183sx)(1,
2012
Z1,10,
a,775,536
344,9117,791
N/A
�201.3
2425
2111391964
386,984,915
N/A
Sour(-,e.']) Gly of Dubhn Community Develk)pnient Ekpart=,tnt
'2r) Findley i*OPOTN, Inc Bank1N,,p(A-Jts reprvwnfis, the am=nt 4 cash dvpositq livid by finaricid iristitutions
within fllf' ity allflUJIly, jatl Lhrij Div.
Lft"101 It, =1 1, aa-
Iff-M-lar M-1
i I -S
0 Commercial
Residential
City of Dublin
Principal Employers
United States Government
& Federal Correction Institute
Dublin Unified School District
Sybase Corporation
Zeiss Meditec
County of Alameda
Target
Safeway
Micro Dental Laboratories
City of Dublin
Franklin Templeton Investments
Avaya
Taleo
FY2007 FY2008 FY2009 FY2010
# of
# of
# of
# of
Employees
Ranking
Employees
Ranking
Employees
Ranking
Employees
Ranking
2133
1
2100
1
2100
1
2100
1
583
4
580
4
580
4
580
4
664
3
650
3
730
3
730
3
700
2
830
2
830
2
830
2
486
5
480
5
480
6
480
6
150
10
n/a
n/a
180
10
180
10
450
6
400
6
400
7
400
7
319
7
200
8
550
5
550
5
218
8
222
7
217
8
201
8
170
9
200
9
200
9
200
9
n/a
n/a
180
10
180
10
180
10
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
Source: City of Dublin Economic Development Department.
Employees count prior to FY2007 was not available.
% of Total Employment data prior to FY2011 was not available.
176
FY2011 FY2012 FY2013
177
% of Total
% of Total
% of Total
# of
Employ-
# of
Employ-
# of
Employ -
Employees
Ranking
ment
Employees
Ranking
ment
Employees
Ranking
ment
2100
1
13.04%
2100
1
11.05%
2100
1
11.05%
675
4
4.19%
675
4
3.55%
755
2
3.97%
710
3
4.41%
725
3
3.82%
604
3
3.18%
975
2
6.05%
973
2
5.12%
535
4
2.82%
465
6
2.89%
465
6
2.45%
465
5
2.45%
n/a
n/a
0.00%
n/a
n/a
n/a
412
6
2.17%
400
7
2.48%
400
7
2.11%
284
7
1.49%
550
5
3.42%
550
5
2.89%
242
8
1.27%
201
9
1.25%
205
9
1.08%
208
9
1.09%
200
10
1.24%
200
10
1.05%
200
10
1.03%
n/a
n/a
0.00%
n/a
n/a
n/a
n/a
n/a
n/a
275
8
1.71%
250
8
1.32%
n/a
n/a
n/a
177
City of Dublin
Full -time Equivalent City and Contract Government Employees by Function
Last Ten Fiscal Years
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
General government
City Manager
5.75
6.00
7.17
6.25
6.50
6.50
6.00
6.00
6.50
6.50
Administrative Services
11.00
11.50
11.50
11.50
12.00
12.00
11.50
11.50
11.50
11.50
Central Services &
Building Management
3.65
3.40
3.43
3.75
3.51
3.52
3.18
3.32
3.57
3.09
Public Safety:
Police
54.00
54.00
57.00
59.00
61.00
61.00
61.00
59.00
59.00
59.00
Fire
39.89
40.89
40.25
40.25
40.75
40.78
39.77
39.74
39.64
39.64
Disaster Preparedness
0.50
0.33
0.33
0.33
0.50
0.50
0.50
0.46
0.46
0.59
Transportation
Public Works
6.50
6.50
6.50
7.50
8.50
8.50
6.45
5.45
5.45
5.45
Street Maintenance
9.00
9.46
10.14
10.57
10.73
9.93
9.18
9.85
9.85
10.08
Health and welfare
Environmental
-
-
-
-
-
-
2.50
2.50
3.00
2.59
Housing
1.00
1.75
1.75
1.75
1.75
2.90
3.20
3.00
2.25
2.25
Waste Management
-
0.33
0.33
0.33
0.33
1.33
0.33
0.33
0.33
1.08
Culture and leisure services
Parks Community Services
13.00
14.00
14.00
14.00
15.50
16.00
16.60
15.60
15.55
16.25
Park Maintenance
8.48
8.70
9.10
9.53
9.55
9.92
9.65
8.94
9.36
10.10
Parks /Facilities Management
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.00
2.25
2.25
Library Services
0.60
0.51
0.51
0.48
0.45
0.43
0.39
0.42
0.42
0.37
Heritage & Cultural Arts
1.93
2.31
2.30
2.32
2.53
2.49
2.47
3.59
3.26
3.70
Community development
Planning & Building
26.00
32.00
34.50
33.90
32.50
27.10
19.05
19.25
20.95
22.45
Economic Development
1.00
1.00
1.00
1.00
1.00
1.50
1.50
1.50
2.50
2.50
Engineering
13.00
1335
13.35
13.35
13.35
12.35
9.00
8.00
9.00
9.00
Total
197.30
208.03
21516
217.81
222.45
218.75
204.27
200.45
204.84
208.39
Source: City of Dublin Administrative Services Department
Note: Include Full Time, Part Time, Temporary and Contract Employees
178
City of Dublin
Operating Indicators by Function
Last Ten Fiscal Years
Function
Police:
Calls for Service
Citations Issued
Arrests
Fire:
Emergency calls
Inspections
Building Plan Reviews and Consultations
Public Works:
Bike Path Maintenance (hours)
Street Sign Maintenance (number of signs)
Curb Painting (linear feet)
Replace Street Asphalt (square feet)
Street Sweeping (curb miles)
Parks and Community Services:
Museum Visitors
Afterschool Recreation (participants/ day)
Preschool Classes Participants
Youth Basketball League Participants
Senior Center Average Daily Attendance
Community Development
Planning Applications
Building Permits
Building Inspections
Source: City of Dublin
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
49,379 48,388 46,197 41,306 41,652 38,983 38,125 39,474 38,580 34,966
11,081 10,911 10,595 11,676 11,768 7,086 10,101 9,023 9,229 8,699
1,614 1,631 2,020 1,668 2,021 1,620 1,556 1,624 1,542 1,419
1,724 1,742 1,771 1,780 1,978 1,969 1,999 2,244 2,323 2,688
4,951 3,249 4,122 4,048 2,213 1,952 3,576 2,833 3,308 3,538
1,249 858 1,006 1,049 922 511 474 498 1,319 1,492
428 783 726 810 775 775 697 603 625 668
308 353 435 427 135 74 325 258 313 205
1,607 1,404 3,991 4,006 2,468 2,395 6,607 5,464 6,523 6,400
3,000 7,500 7,950 13,800 33,000 29,000 30,000 57,000 26,000 37,000
5,371 5,686 5,730 5,927 6,075 6,341 5,083 5,294 5,519 5,901
900 800 1,350
128 129 138
268 224 285
536 547 580
110 110 149
71 73 59
1,639 1,837 1,855
31,571 33,534 34,244
179
2,140
153
254
588
180
55
1,910
36,071
2,225
180
399
570
185
55
1,333
25,602
2,040 3,530
167 176
402 690
591 772
190 198
64 62
1,101 1,345
12,302 8,933
3,680
240
628
710
206
66
1,471
11,308
4,415 8,612
277 228
610 571
729 812
217 211
62 77
2,110 2,425
15,961 26,045
City of Dublin
Capital Assets Statistics by Function
Last Ten Fiscal Years
Source: City of Dublin
180
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Function
Public Safety
Police Stations
1
1
1
1
1
1
1
1
1
1
Fire Stations
3
3
3
3
3
3
3
3
3
3
Public works:
Miles of Streets
81
81
81
104
93
103
105
113
115
116
Miles of Curbs
202
202
202
217
217
218
222
223
237
242
Traffic Signals
60
62
67
75
79
81
85
85
89
91
City Street Trees
5,401
5,955
6,084
6,084
6,084
6,499
7,054
7,148
7,268
7,408
City Landscape (acres)
38
43
45
45
45
45
57
57
65
67
Street Lights
2,958
3,469
3,752
3,972
4,193
4,479
4,526
3,780
4,281
4,354
Parks and recreation:
Number of Community Facilities
7
7
7
7
7
7
7
7
7
7
Number of City Parks
11
11
11
11
16
16
16
18
18
18
Acres of City Parks
109
109
109
121
122
201
201
209
209
209
Acres of Open Space
122
126
126
126
122
125
125
125
125
125
Source: City of Dublin
180
City, of Dublmi
Top 25 Saks Tax Producen
,2012-2013
BUSINESS NAME
BUSINESS CATEG,
..... .............
Alcosta Shell
5ervice Stations
A rco AM /PM Ki in i , klart
Sort, ice Sla hons
ll d bath h & beyond
1-iome Furnishulp's
Ik'st Buy
Electsonicsy A ppliance Stores
Carl Zeiss Ophthalmic. System
?vledical/Biotech
Dublin B'u!ick/C'ad.illac/ lie vrc),Iet/C;MC/ Kia
Motor Vehicle Dmiler
DublinTiond,i
l' Vehicle Draler
Dublin Hyrdai
Mot(r-n. vehicle Oe�ller
Dublin, X11azda
motor, Vehicle Dealer,
Dublin M."an
Motor, Vellicle Dealer,
Dublin 1'(.-Yyo,ta
Motor Vehicle Dealer'
I.Niblin WIk9wagen
motorvehiclo Dealer
[""Picol"SkIftwo rt�
Offiw Supplies/ Furniturl-
Gray1mr Mectfic Co
1",kUriCal EC11tipill(Ilt
TID'Supply consu"uCtion S'UPF'IY
plumbing/rIectri(al $Upplies
owes
L.urmber/ Build ing Materials
Mirshall
Fa wdly Apparel.
naafi avay
Owe'ry / Liclunr Sloro,
"Safeway Gas sales
Service SLations
SheflService
Service Sultions
Sky, River RV
`I
Stoneridge Chrysler/jeep/ Doti gre
klotor Vehicle Deolef
Target
Discomrit Depo rtmont S (ore
F I NUX.X
Family Appard
TOYS R Us
Specialty SLores
................ ...... ............. . . .... ... -----
Sales Taxes
SaurcE 1-linderlifer, de Uanias & Associates, State Board cif Equalization
Notv,-.
SUIT! Liw does, nK'.)I, allow disclosure of the top ten soles tax, pn'widersto the City
Top pmdur,'vrs'fis1'ed in alp hah,Nically order.
lu
City of Dublin
Miscellaneous Statistical Data
June 30, 2013
General
Date of Incorporation February 1, 1982
Form of Government Council /Manager
Total Population (Estimated 1/1/2011 by State Department of Finance based on Census 2010 49,890
and included group quarters)
Number of Registered Voters 23,288
Employees, City and Contract (Full Time Equivalent) 208.39
Area (Square Miles) 14.62
Parks and Recreation
Parks 18.00
Acres in Parks 209.00
Acres in Open Space 125.00
Public Education
Elementary Schools
6
Middle Schools
2
High School
1
Continuation High School
1
Education Center
1
School Enrollment October 2013
8,2%
Police Protection
Number of Stations 1
Police Personnel (Full Time Equivalent) 57
Fire Protection
Number of Stations 3
Fire Personnel (Full Time Equivalent) 38
Community Facilities
Dublin Civic Center 1
Dublin Senior Center 1
Dublin Swim Center 1
Dublin Heritage Center 3
Dublin Public Library 1
Shannon Community Center 1
Emerald Glen Activity Center 1
Source: City of Dublin
182
SUMMARY — KEY INFORMATION COMPREHENSIVE ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDING JUNE 30, 2013
City Council Meeting December 17, 2013
1. Includes audited financial statements reviewed by Maze and Associates Accountancy
Corporation (Maze).
2. "Clean Opinion" based on testing Financial Statements fairly represent the City's
financial position.
3. During FY 2012 -13, Management implemented provisions of the new Government
Accounting Standards Board (GASB) Statement 63, which became effective during the
year, resulting in format and nomenclature changes. Additionally, Management early -
implemented GASB Statement 65, also affecting format and nomenclature.
4. CAFR format will allow the City to apply for a Certificate of Achievement from the
Government Finance Officers Association (GFOA). The goal is to provide financial
information of the highest quality, in a transparent manner.
5. ORGANIZATION OF DRAFT REPORT:
a. Transmittal letter (pages v - x): provides a general overview of economic and
budgetary factors that impact the City.
b. Opinion issued by the Independent Auditor (pages 1 - 3).
c. Management Discussion and Analysis (MD &A) (pages 5 — 21): provides an
overview of the financial activities, with a focus on significant trends, as well as
major changes associated with the City's major funds (i.e. General Fund and
Impact Fee funds).
d. Financial Statements: a significant portion of the CAFR is comprised of financial
statements and schedules for the various funds used to account for the City's
revenue and expenditures. Pages 25 - 27 include a Government -Wide
Statement of Net Position which is similar to financial statements presented by
private corporations.
e. Statistical Section (pages 155 — 182): the unaudited statistical section of the
CAFR includes graphs of relevant historical data.
6. Fund Equity - A complete listing of both fund reserves and designations for all funds is
shown on page 65 of the report.
7. Audit Recommendations / Disclosures - As part of the Audit Review the independent
auditors can present recommendations for consideration by the City. The process
allows the Auditors to disclose their observations on certain practices and policies. As
part of the recommendations the Auditors also note the upcoming government
accounting standard changes. This information is presented as a separate document
"Memorandum On Internal Control and Required Communications for the year ended
June 30, 2013 ".
Page 1 of 1
Attachment 2
CITY OF DUBLIN
1
REQUIRED COMMUNICATIONS
FOR THE YEAR ENDED
JUNE 30, 2013
This Page Left Intentionally Blank
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
AND
REQUIRED COMMUNICATIONS
For the Year Ended June 30, 2013
Table of Contents
Page
Memorandum on Internal Control. ................................................................................................... I
Scheduleof Other Matters ........................................................................................................ 3
Status of Prior Year Schedule of Other Matters ...................................................................... 7
Required Communications ................................................................................................................ 9
Significant Audit Findings ....................................................................................................... 9
AccountingPolicies ............................................................................................................ 9
Unusual Transactions, Controversial or Emerging Areas ................. .............................10
Estimates........................................................................................................................... 10
Disclosures....................................................................................................................... 10
Dculties Encountered in Performing the Audit .............................. .............................11
Corrected and Uncorrected Misstatements ..................................................................... I I
Disagreements with Management .................................................................................... I I
Management Representations .......................................................................................... 11
Management Consultations with Other Independent Accountants . .............................11
Other Audit Findings and Issues ..................................................................................... 11
Other Information Accompanying the Financial Statements .............................................. 11
This Page Left Intentionally Blank
i II T - I . . ..... ...
To the City Council of
the City of Dublin, California
We have audited the basic financial statements of the City of Dublin for the year ended June 30, 2013,
and have issued our report thereon dated November 7, 2013. In planning and performing our audit of the
basic financial statements of the City of Dublin, in accordance with auditing standards generally accepted
in the United States of America, we considered the City's internal control over financial reporting
(internal control) as a basis for designing our auditing procedures for the purpose of expressing our
opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness
of the City's internal control. Accordingly, we do not express an opinion on the effectiveness of the
City's internal control.
Our consideration of internal control was for the limited purpose described in the preceding paragraph
and was not designed to identify all deficiencies in internal control that might be material weaknesses or
significant deficiencies and, therefore, material weaknesses or significant deficiencies may exist and that
were not identified. In addition, because of inherent limitations in internal control, including the
possibility of management override of controls, misstatements due to error or fraud may occur and not be
detected by such controls.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct misstatements on a timely basis. A significant deficiency is a deficiency, or a
combination of deficiencies, in internal control that is less severe than a material weakness, yet important
enough to merit attention by those charged with governance.
A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there
is a reasonable possibility that a material misstatement of the City's financial statements will not be
prevented, or detected and corrected on a timely basis. We did not identify any deficiencies in internal
control that we consider to be material weaknesses.
Included in the Schedule of Other Matters are recommendations not meeting the above definitions that we
believe to be of potential benefit to the City.
Pleasant FRII, California
November 7 2013
Accountancy Corporation
3478 Buskirk Avenue, Suite 215
Pleasant Hill, CA 94523
T 925.930.0902
F 925,930.0135
E maze@mazeassociates.com
w mazeassociates.com
This Page Left Intentionally Blank
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF OTHER MATTERS
NEW GASB PRONOUNCEMENTS OR PRONOUNCEMENTS NOT YET EFFECTIVE
The following comment represents new pronouncements taking affect in the next few years. We have
cited them here to keep you abreast of developments:
EFFECTIVE FISCAL YEAR 2014:
GASB 66 – Technical Corrections - 2012 —an amendment of GASB Statements No. 10 and No. 62
The objective of this Statement is to improve accounting and financial reporting for a governmental
financial reporting entity by resolving conflicting guidance that resulted from the issuance of two
pronouncements, Statements No. 54, Fund Balance Reporting and Governmental Fund Type Definitions,
and No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre - November
30, 1989 FASB and AICPA Pronouncements.
This Statement removes the GASB Statement No. 10 provision that limits fund -based reporting of an
entity's risk financing activities to the general fund and the internal service fund type.
This Statement also amends Statement 62 by modifying the specific guidance on accounting for (1)
operating lease payments that vary from a straight -line basis, (2) the difference between the initial
investment (purchase price) and the principal amount of a purchased loan or group of loans, and (3)
servicing fees related to mortgage loans that are sold when the stated service fee rate differs significantly
from a current (normal) servicing fee rate. These changes clarify how to apply Statement No. 13,
Accounting for Operating Leases with Scheduled Rent Increases, and result in guidance that is consistent
with the requirements in Statement No. 48, Sales and Pledges of Receivables and Future Revenues and
Intra - Entity Transfers of Assets and Future Revenues, respectively.
GASB 67 – Financial Reporting for Pension Plans —an amendment of GASB Statement No. 25
This statement is applicable when a Trust arrangement is established to hold the employer contributions
prior to payment to the retirees (i.e. funding changes to prefunding rather than the current pay -as- you -go
funding).
This statement is applicable to the City's PERS pension plans and we understand Ca1PERS intends to
implement the Statement in fiscal year 2014 in order to have the applicable information available for the
City to implement the provisions of Statement 68 in fiscal year 2015.
This Statement replaces the requirements of Statements No. 25, Financial Reporting for Defined Benefit
Pension Plans and Note Disclosures for Defined Contribution Plans, and No. 50, Pension Disclosures, as
they relate to pension plans that are administered through trusts or equivalent arrangements (hereafter
jointly referred to as trusts) that meet certain criteria. The requirements of Statements 25 and 50 remain
applicable to pension plans that are not administered through trusts covered by the scope of this Statement
and to defined contribution plans that provide postemployment benefits other than pensions.
CITY OF DUBLIN
IM
�' 1 • 1 • •
lZe 1,10411" P pr•] 9[•TI111131:�0 F.1%
GASB 70 - Accountine and Financial Reporting for Nonexchange Financial Guarantees
Some governments extend financial guarantees for the obligations of another government, a not - for -profit
entity, or a private entity without directly receiving equal or approximately equal value in exchange (a
nonexchange transaction). As a part of this nonexchange financial guarantee, a government commits to
indemnify the holder of the obligation if the entity that issued the obligation does not fulfill its payment
requirements. Also, some governments issue obligations that are guaranteed by other entities in a
nonexchange transaction. The objective of this Statement is to improve accounting and financial reporting
by state and local governments that extend and receive nonexchange financial guarantees.
This Statement requires a government that extends a nonexchange financial guarantee to recognize a
liability when qualitative factors and historical data, if any, indicate that it is more likely than not that the
government will be required to make a payment on the guarantee. The amount of the liability to be
recognized should be the discounted present value of the best estimate of the future outflows related to the
guarantee expected to be incurred. When there is no best estimate but a range of the estimated future
outflows can be established, the amount of the liability to be recognized should be the discounted present
value of the minimum amount within the range.
This Statement requires a government that has issued an obligation guaranteed in a nonexchange
transaction to recognize revenue to the extent of the reduction in its guaranteed liabilities. This Statement
also requires a government that is required to repay a guarantor for making a payment on a guaranteed
obligation or legally assuming the guaranteed obligation to continue to recognize a liability until legally
released as an obligor. When a government is released as an obligor, the government should recognize
revenue as a result of being relieved of the obligation. This Statement also provides additional guidance
for intra - entity nonexchange financial guarantees involving blended component units.
This Statement specifies the information required to be disclosed by governments that extend
nonexchange financial guarantees. In addition, this Statement requires new information to be disclosed by
governments that receive nonexchange financial guarantees.
The provisions of this Statement are effective for reporting periods beginning after June 15, 2013.
Except for disclosures related to cumulative amounts paid or received in relation to a financial guarantee,
the provisions of this Statement are required to be applied retroactively. Disclosures related to cumulative
amounts paid or received in relation to a financial guarantee may be applied prospectively.
EFFECTIVE FISCAL YEAR 2015:
GASB 68 - Accounting and Financial Reporting for Pensions (an amendment of GASB 271
This Statement will have material impact on the City's financial statements. The primary objective of this
Statement is to improve accounting and financial reporting by state and local governments for pensions.
This Statement establishes standards for measuring and recognizing liabilities, deferred outflows of
resources, and deferred inflows of resources, and expense /expenditures. For defined benefit pensions, this
Statement identifies the methods and assumptions that should be used to project benefit payments,
discount projected benefit payments to their actuarial present value, and attribute that present value to
periods of employee service.
0
CITY OF DUBLIN
MEMORANDUM ON INTERNAL CONTROL
SCHEDULE OF OTHER MATTERS
GASB 68 - Accounting and Financial Reportine for Pensions (an amendment of GASB 27)
(Continued)
In financial statements prepared using the economic resources measurement focus and accrual basis of
accounting, a single or agent employer that does not have a special funding situation is required to
recognize a liability equal to the net pension liability. The net pension liability is required to be measured
as of a date no earlier than the end of the employer's prior fiscal year (the measurement date), consistently
applied from period to period.
Note disclosure and required supplementary information requirements about pensions also are addressed.
Distinctions are made regarding the particular requirements for employers based on the number of
employers whose employees are provided with pensions through the pension plan and whether pension
obligations and pension plan assets are shared.
The following are the major impacts:
This Statement requires the liability of employers and nonemployer contributing entities to
employees for defined benefit pensions (net pension liability) to be measured as the portion of
the present value of projected benefit payments to be provided through the pension plan to current
active and inactive employees that is attributed to those employees' past periods of service total
pension liability), less the amount of the pension plan's fiduciary net position.
Actuarial valuations of the total pension liability are required to be performed at least every two
years, with more frequent valuations encouraged. If a valuation is not performed as of the
measurement date, the total pension liability is required to be based on update procedures to roll
forward amounts from an earlier actuarial valuation (performed as of a date no more than 30
months and 1 day prior to the employer's most recent year -end).
The actuarial present value of projected benefit payments is required to be attributed to periods of
employee service using the entry age actuarial cost method with each period's service cost
determined as a level percentage of pay. The actuarial present value is required to be attributed
for each employee individually, from the period when the employee first accrues pensions
through the period when the employee retires.
GASB 69 — Government Combinations and Disposals of Government Operations
This Statement establishes accounting and financial reporting standards related to government
combinations and disposals of government operations. As used in this Statement, the term government
combinations includes a variety of transactions referred to as mergers, acquisitions, and transfers of
operations.
This Page Left Intentionally Blank
CITY OF DUBLIN
1
IMJ'
STATUS OF PRIOR YEAR SCHEDULE OTHER MATTERS
2012 -01 Areas Affected by Staff Turnover During the Year
During the interim audit in June 2012, we noted that the City had fallen behind in procedures below due
to staff turnover:
• The City's March 31, 2012 bank reconciliation was not completed as of June 28, 2012.
• The City had not reviewed the accounts receivable aging report for uncollectable accounts or
reconciled the detailed accounts receivable ledger to the City's general ledger in the current
year. The City's normal practice is to conduct the review and reconciliation quarterly.
As a result of the interim audit, we made a recommendation to the City that all bank reconciliations be
prepared and reviewed within thirty days of the bank statement date or soon thereafter. In addition,
unreconciled items should be addressed immediately. We further recommended that the City resume its
practice to reconcile the detailed accounts receivable ledger to the City's general ledger and identify
uncollectible items on a regular basis.
During the final phase of the audit, we reviewed the City's bank reconciliation for the month ended June
30, 2012, and noted that the City had incorporated our recommendation for the bank reconciliation
process.
We recommend that the City continue its timely bank reconciliation procedures in fiscal year 2012 -2013.
Also, the City should reconcile its detail accounts receivable ledger and review the accounts receivable
aging report for uncollectable receivables on a more regular basis.
Current Status: The City has improved on its timeliness of bank reconciliations. Accounts receivable
review is done quarterly.
This Page Left Intentionally Blank
ROT0171", TMAKIM
Honorable Mayor and Members of the City Council of
City of Dublin, California
We have audited the basic financial statements of the City of Dublin for the year ended June 30, 2013.
Professional standards require that we communicate to you the following information related to our audit
under generally accepted auditing standards and, Government Auditing Standards.
Significant Audit Findings
E���
Management is responsible for the selection and use of appropriate accounting policies. The significant
accounting policies used by City of Dublin are described in Note I to the financial statements. The
following pronouncements became effective, but did not have a material effect on the financial
statements:
GASB 62 - Codiflcation of Accounting and Financial Reporting Guidance Contained in Pre-
November 30,1989 FASB andAICti; Pronouncements
The following pronouncements became effective or were early-implemented, and required a format
change in the financial statements and certain nomenclature revisions in the footnotes accompanying the
financial statements
GASB 63 - Financial Repotdng of DeLerred OuVows of Resources, Deferred Inflows o
Resources, andNet Position
This Statement provides financial reporting guidance for deferred outflows of resources and
deferred inflows of resources. Concepts Statement No. 4, Elements of Financial Statements,
introduced and defined those elements as a consumption of net assets by the government that is
applicable to a future reporting period, and an acquisition of net assets by the government that is
applicable to a future reporting period, respectively. Previous financial reporting standards do not
include guidance for reporting those financial statement elements, which are distinct from assets
and liabilities.
Accountancy Corporation
3478 Buskirk Avenue, Suite 215
Pleasant Hill, CA 94523
I
T 925.930.0902
F 925.930.0135
E maze@rnazeassodates,corn
w mazeassociates.com
Concepts Statement 4 also identifies net position as the residual of all other elements presented in
a statement of financial position. This Statement amends the net asset reporting requirements in
Statement No. 34, Basic Financial Statements —and Management's Discussion and Anal sy is —for
State and Local Governments, and other pronouncements by incorporating deferred outflows of
resources and deferred inflows of resources into the definitions of the required components of the
residual measure and by renaming that measure as net position, rather than net assets.
GASB 65 -Items Previously Reported as Assets and Liabilities
This Statement establishes accounting and financial reporting standards that reclassify, as
deferred outflows of resources or deferred inflows of resources, certain items that were previously
reported as assets and liabilities and recognizes, as outflows of resources or inflows of resources,
certain items that were previously reported as assets and liabilities. This Statement also provides
other financial reporting guidance related to the impact of the financial statement elements
deferred outflows of resources and deferred inflows of resources, such as changes in the
determination of the major fund calculations and limiting the use of the term deferred in financial
statement presentations. This Statement is effective for fiscal periods beginning after December
15, 2012. The City has elected to early implement this Statement to be effective this fiscal year
ending June 30, 2013.
Unusual Transactions, Controversial or Emerging Areas
We noted no transactions entered into by the City during the year for which there is a lack of authoritative
guidance or consensus. All significant transactions have been recognized in the financial statements in the
proper period.
Estimates
Accounting estimates are an integral part of the financial statements prepared by management and are
based on management's knowledge and experience about past and current events and assumptions about
future events. Certain accounting estimates are particularly sensitive because of their significance to the
financial statements and because of the possibility that future events affecting them may differ
significantly from those expected. The most sensitive estimate(s) affecting the City's financial statements
was:
Management's estimate of depreciation is based on useful lives determined by management.
These lives have been determined by management based on the expected useful life of assets as
disclosed in Note 6. We evaluated the key factors and assumptions used to develop the in
determining that it is reasonable in relation to the financial statements taken as a whole.
Accrued compensated absences are estimated using accumulated unpaid leave hours and hourly
pay rates in effect at the end of the fiscal year. We evaluated the key factors and assumptions
used to develop the accrued compensated absences and determined that it is reasonable in relation
to the basic financial statements taken as a whole.
Disclosures
The financial statement disclosures are neutral, consistent, and clear.
K
Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performing and completing our
audit.
Corrected and Uncorrected Misstatements
Professional standards require us to accumulate all known and likely misstatements identified during the
audit, other than those that are clearly trivial, and communicate them to the appropriate level of
management. Management has corrected all/certain such misstatements. We did not propose any audit
adjustments that, in our judgment, could have a significant effect, either individually or in the aggregate,
on the entity's financial reporting process.
Disagreements with Management
For purposes of this letter, a disagreement with management is a financial accounting, reporting, or
auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial
statements or the auditor's report. We are pleased to report that no such disagreements arose during the
course of our audit.
Management Representations
We have requested certain representations from management that are included in a management
representation letter dated November 7, 2013.
Management Consultations with Other Independent Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting
matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves
application of an accounting principle to the governmental unit's financial statements or a determination
of the type of auditor's opinion that may be expressed on those statements, our professional standards
require the consulting accountant to check with us to determine that the consultant has all the relevant
facts. To our knowledge, there were no such consultations with other accountants.
Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing
standards, with management each year prior to retention as the governmental unit's auditors. However,
these discussions occurred in the normal course of our professional relationship and our responses were
not a condition to our retention.
Other Information Accompanying the Financial Statements
With respect to the supplementary information accompanying the financial statements, we made certain
inquiries of management and evaluated the form, content, and methods of preparing the information to
determine that the information complies with accounting principles generally accepted in the United
States of America, the method of preparing it has not changed from the prior period, and the information
is appropriate and complete in relation to our audit of the financial statements. We compared and
reconciled the supplementary information to the underlying accounting records used to prepare the
financial statements or to the financial statements themselves.
11
With respect to the required supplementary information accompanying the financial statements, we
applied certain limited procedures to the required supplementary information in accordance with auditing
standards generally accepted in the United States of America, which consisted of inquiries of management
about the methods of preparing the information and comparing the information for consistency with
management's responses to our inquiries, the basic financial statements, and other knowledge we obtained
during our audit of the basic financial statements. We did not express an opinion nor provide any assurance
on the information because the limited procedures do not provide us with sufficient evidence to express an
opinion or provide any assurance.
The Introductory and Statistical Sections included as part of the Comprehensive Annual Financial Report
have not been subjected to the auditing procedures applied in the audit of the basic financial statements and,
accordingly, we did not express an opinion nor provide any assurance on them.
This information is intended solely for the use of City Council and management and is not intended to be,
and should not be, used by anyone other than these specified parties.
Very truly yours,
R.
i
12
• 1 C 1
SINGLE AUDIT REPORT
FOR THE YEAR ENDED JUNE 30, 2013
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CITY OF DUBLIN
SINGLE AUDIT REPORT
For The Year Ended June 30, 2013
TABLE OF CONTENTS
Page
Schedule of Findings and Questioned Costs ............................................... ............................... 1
Section I - Summary of Auditor's Results ............................................ ............................... I
Section 11— Financial Statement Findings ............................................ ............................... 3
Section III — Federal Award Findings and Questioned Costs .............. ............................... 3
Section IV - Status of Prior Year Findings
andQuestioned Costs ..................................................................... ............................... 4
Schedule of Expenditures of Federal Awards ............................................. ............................... 5
Notes to Schedule of Expenditures of Federal Awards .............................. ............................... 6
Independent Auditor's Report on Internal Control over Financial Reporting
and on Compliance and Other Matters Based on an Audit of Financial
Statements Performed in Accordance with Government Auditing Standards ...................... 7
Independent Auditor's Report on Compliance for Each Major Federal Program;
Report on Internal Control Over Compliance; and Report On The
Schedule of Expenditures of Federal Awards Required By OMB Circular A -133 ............. 9
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CITY OF DUBLIN
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
For The Year Ended June 30, 2013
SECTION I— SUMMARY OF AUDITOR'S RESULTS
Financial Statements
Type of auditor's report issued: Unmodified
Internal control over financial reporting:
Material weakness(es) identified? Yes
• Significant deficiency(ies) identified?
Noncompliance material to financial statements noted?
Federal Awards
Type of auditor's report issued on compliance for major
programs:
Internal control over major programs:
• Material weakness(es) identified?
• Significant deficiency(ies) identified?
Any audit findings disclosed that are required to be reported
in accordance with section 510(a) of OMB Circular A -133?
Identification of major programs:
Yes
Yes
Unmodified
X No
None
X Reported
X No
Yes X No
None
Yes X Reported
Yes X No
CFDA #(s) Name of Federal Program or Cluster
20.205 Highway Planning and Construction
Dollar threshold used to distinguish between type A and type B programs: $300,000
Auditee qualified as low -risk auditee? Yes X No
1
SECTION H — FINANCIAL STATEMENT FINDINGS
Our audit did not disclose any significant deficiencies, or material weaknesses or instances of noncompliance
material to the basic financial statements. We have also issued a separate Memorandum on Internal Control
dated November 7, 2013 which is an integral part of our audits and should be read in conjunction with this
report.
SECTION III — FEDERAL AWARD FINDINGS AND QUESTIONED COSTS
Our audit did not disclose any findings or questioned costs required to be reported in accordance with
section 510(a) of OMB Circular A -133.
SECTION IV - STATUS OF PRIOR YEAR FINDINGS AND QUESTIONED COSTS —
Prepared by Management
Financial Statement Prior Year Findings
• There were no prior year Financial Statement Findings reported.
Federal Award Prior Year Findinks and Questioned Costs
• There were no prior year Federal Award Findings and Questioned Costs reported.
CITY OF DUBLIN
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
For the Fiscal Year Ended June 30, 2013
Federal
Federal Grantor/ CFDA
Pass - Through Grantor/Program or Cluster Title Number
US Department of Housing and Urban Development, Pass- Through Program From:
Alameda County of Department of Housing & Community Development
Community Development Block Grants/Entitlement Grants 14.218
Total Department of Housing and Urban Development
US Department of Justice, Direct Program
Equitable Sharing Program -- Asset Forfeiture Program
Total Department of Justice
U.S. Department of Transportation, Pass - Through Programs From:
State of California, Department of Transportation
Highway Planning and Construction (Federal Aid Highway Program)
Alamo Canal Train Under I -580
West Dublin Bart Golden Gate Drive
Annual Street Overlay Program
Program Total
National Infrastructure Investments
TIGER Discretionary Grants
State of California, Office of Traffic Safety
State and Community Highway Safety Program
Avoid the 21
Total Department of Transportation
Total Expenditures of Federal Awards
16.922
20.205
20.205
20.205
Pass- Through
Identifying Federal
Number Expenditures
not available $61,346
61,346
118,035
118,035
CML 5432(013) 488,886
not available 629,392
not available 545,627
1,663,905
20.933 not available
20.600 not available
See Accompanying Notes to Schedule of Expenditures of Federal Awards
3
267,749
4,660
1,936,314
$2,115,695
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16111jyl�f IM 410
NOTES TO THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
For The Year Ended June 30, 2013
NOTE 1- REPORTING ENTITY
The Schedule of Expenditure of Federal Awards (the Schedule) includes expenditures of federal awards for
the City of Dublin, California, and its component units as disclosed in the notes to the Basic Financial
Statements.
NOTE 2 -BASIS OF ACCOUNTING
Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts
and reported in the financial statements, regardless of the measurement focus applied. All governmental
funds and agency funds are accounted for using the modified accrual basis of accounting. Expenditures of
Federal Awards reported on the Schedule are recognized when incurred.
NOTE 3-DIRECT AND INDIRECT (PASS - THROUGH) FEDERAL AWARDS
Federal awards may be granted directly to the City by a federal granting agency or may be granted to other
government agencies which pass - through federal awards to the City. The Schedule includes both of these
types of Federal award programs when they occur.
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BASED 4.1 A'�l A11-111 V`T -UXIAVIU�Vt, �i!AILIVI[Ltl I N
WITH GO VERNMENTAUDITING STANDARDS
Honorable Mayor and City Council
of the City of Dublin, California
We have audited, in accordance with generally accepted auditing standards in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States, the basic financial statements of the City of
Dublin (City) as of and for the year ended June 30, 2013, and the related notes to the financial
statements, and have issued our report thereon dated November 7, 2013. Our report included an emphasis
of a matter paragraph disclosing the implementation of new accounting principles.
2 M , =1
In planning and performing our audit of the financial statements, we considered the City's internal control
over financial reporting (internal control) to determine the audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial statements, but not for the
purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do
not express an opinion on the effectiveness of the City's internal control.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control such that there is a reasonable possibility that a material
misstatement of the City's financial statements will not be prevented, or detected and corrected on a
timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control
that is less severe than a material weakness, yet important enough to merit attention by those charged
with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any
deficiencies in internal control that we consider to be material weaknesses. However, material
weaknesses may exist that have not been identified.
Accountancy Corporation
3478 Buskirk Avenue, Suite 215
Pleasant Hill, CA 94523
h
T 925,930.0902
F 925.930.0135
E maze@mazeassociates.com
w mazeassociates.com
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City's financial statements are free from
material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on the
determination of financial statement amounts. However, providing an opinion on compliance with those
provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The
results of our tests disclosed no instances of noncompliance or other matters that are required to be
reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance
and the results of that testing, and not to provide an opinion on the effectiveness of the City's internal
control or on compliance. This report is an integral part of an audit performed in accordance with
Government Auditing Standards in considering the City's internal control and compliance. Accordingly,
this communication is not suitable for any other purpose.
/y�a
i' "
Pleasant Hill, California
November 7, 2013
Honorable Mayor and City Council
of the City ofDublin, California
We have audited City of Dublin's compliance with the types of compliance requirements described in the
OMB Circular A-89 Compliance Supplement that could have udirect and material effect ooeach of the
Cdvo major b:dnru} programs for the year ended Juno 38, 2013. The City's major federal programs are
identified in the summary of auditor's roaubo meoduu of the accompanying oubednie of Dudbogx and
questioned costs.
Management is responsible for compliance with the requirements of laws, regulations, 000tnuots` and
grants applicable to its federal programs.
Our responsibility is to express an opinion on compliance for each of the City's major federal programs
based onour audit of the types of compliance requirements referred to above. We conducted our audit of
compliance in uocorduoou with auditing standards generally accepted in the TJuded States of America;
the standards applicable to fiouuoiul audits contained in Government Auditing Standards, issued by the
Comptroller (}000ru| of the United States; and OMB Circular A-139, Audits of S/n/ex. Local
Governments, and Nom'Prmfi/Organizations. Those standards and OMB Circular A-l33 require that vve
plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of
compliance ruguircouecdx referred to above that could have u direct and material effect oo n major tederu\
program occurred. An audit includes examining, on u test basis, evidence about the Chn`o compliance
with those requirements and pcdboniug such other procedures as we considered necessary in the
oicc000n1nuoca.
We believe that our audit provides oreasonable basis for our opinion on compliance for each major
federal program. However, our audit does not provide a legal determination of the City's compliance.
`e2o.93m.onox
Accountancy Corporation psxo,mmu1uu
3478 Buskirk Avenue, Suite 215 cmma@muzeu 000|mon.cnm
Pleasant nn.o^ewsuu wmmzemnoumaten.o^m
Opinion on .Each Major Federal Program
In our opinion, the City complied, in all material respects, with the types of compliance requirements
referred to above that could have a direct and material effect on each of its major federal programs for
the year ended June 30, 2013.
Report on Internal Control Over Compliance
Management of the City is responsible for establishing and maintaining effective internal control over
compliance with the types of compliance requirements referred to above. In planning and performing our
audit of compliance, we considered the City's internal control over compliance with the types of
requirements that could have a direct and material effect on each major federal program to determine the
auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on
compliance for each major federal program and to test and report on internal control over compliance in
accordance with OMB Circular A -133, but not for the purpose of expressing an opinion on the
effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the
effectiveness of the City's internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over
compliance does not allow management or employees, in the normal course of performing their assigned
functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a
federal program on a timely basis. A material weakness in internal control over compliance is a
deficiency, or combination of deficiencies, in internal control over compliance, such that there is a
reasonable possibility that material noncompliance with a type of compliance requirement of a federal
program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in
internal control over compliance is a deficiency, or a combination of deficiencies, in internal control
over compliance with a type of compliance requirement of a federal program that is less severe than a
material weakness in internal control over compliance, yet important enough to merit attention by those
charged with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control over
compliance that might be material weaknesses or significant deficiencies. We did not identify any
deficiencies in internal control over compliance that we consider to be material weaknesses. However,
material weaknesses may exist that have not been identified.
The purpose of this report on internal control over compliance is solely to describe the scope of our
testing of internal control over compliance and the results of that testing based on the requirements of
OMB Circular A -133. Accordingly, this report is not suitable for any other purpose.
Report on Schedule of Expenditures of Federal Awards Required by OMB Circular A -133
We have audited the basic financial statements of the City as of and for the year ended June 30, 2013,
and have issued our report thereon dated November 7, 2013, which contained an unmodified opinion on
those financial statements. Our audit was conducted for the purpose of forming an opinion on the
financial statements as a whole. The accompanying schedule of expenditures of federal awards is
presented for purposes of additional analysis as required by OMB Circular A -133 and is not a required
part of the financial statements. Such information is the responsibility of management and was derived
from and relates directly to the underlying accounting and other records used to prepare the financial
statements. The information has been subjected to the auditing procedures applied in the audit of the
10
financial statements and certain additional procedures, including comparing and reconciling such
information directly to the underlying accounting and other records used to prepare the financial
statements or to the financial statements themselves, and other additional procedures in accordance with
auditing standards generally accepted in the United States of America. In our opinion, the schedule of
expenditures of federal awards is fairly stated in all material respects in relation to the financial
statements as a whole.
7
Pleasant Hill, California
November 7, 2013
11
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CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMIYIISSION-
MEASURE B FUNDS
FOR THE YEAR ENDED JUNE 30, 2013
This Page Left Intentionally Blank
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
For the Year Ended June 30, 2013
Table of Contents
Page
INDEPENDENT AUDITOR'S REPORT .......................................................................................... I
FINANCIAL STATEMENTS
CombinedBalance Sheet .................................................................................................................. 3
Combined Statement of Revenues, Expenditures and Changes in Fund Balance .......................... 4
Notes to Financial Statements .......................................................................................................... 5
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WrM MEASURE B
COMPLIANCE.................................................................................................................................... 9
This Page Left Intentionally Blank
.............
Honorable Mayor and Members of the City Council of the City of Dublin
City of Dublin, California
We have audited the accompanying financial statements of the Alameda County Transportation
Commission — Measure B Funds (Measure B Funds) of the City of Dublin, California, as of and for
the year ended June 30, 2013, and the related notes to the financial statements, which collectively
comprise the Measure B Funds' basic financial statements as listed in the Table of Contents.
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this
includes the design, implementation, and maintenance of internal control relevant to the preparation
and fair presentation of the financial statements that are free from material misstatement, whether
due to fraud or error.
Our responsibility is to express opinions on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the City's
preparation and fair presentation of the financial statements in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the City's internal control. Accordingly, we express no such opinion. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluating the overall presentation of the
financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinions.
As discussed in Note 1 to the financial statements, the financial statements referred to above present
only the Measure B Funds and are not intended to present fairly the financial positions of the City and
the results of its operations in conformity with generally accepted accounting principles.
T 925.930,0902
Accountancy Corporation F 925.930.0135
3478 Buskirk Avenue, Suite 215 E maze@mazeassociates.com
Pleasant Hill, CA 94523 1 w mazeassociates.com
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of the Measure B Funds of the City as of June 30, 2013, and the change in financial
position for the year then ended in conformity with accounting principles generally accepted in the
United States of America.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November
7, 2013, on our consideration of the City's internal control over financial reporting and on our tests
of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and
other matters. The purpose of that report is to describe the scope of our testing of internal control
over financial reporting and compliance and the results of that testing, and not to provide an opinion
on internal control over financial reporting or on compliance. That report is an integral part of an
audit performed in accordance with Government Auditing Standards in considering the City's
internal control over financial reporting and compliance.
Pleasant Hill, California
November 7, 2013
2
City of Dublin
Alameda County Transportation Commission - Measure B Funds
Combined Balance Sheet
June 30, 2013
Total Liabilities and fund balances $ 874,161 $ 63,159 $ - $ 937,320
See accompanying Notes to Financial Statements
W
Special
Revenue Funds
Measure B
Measure B Alamo
Local
Bike and Canal Trail
Streets
Pedestrian Under I580
Total
ASSETS
Cash and investments
$ 779,836
$ - $ -
$ 779,836
Due from other governments
94,325
63,159 -
157,484
Total assets
874,161
63,159 -
937,320
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts Payable
-
$ 13,362 -
13,362
Due to Other Funds
-
43,284 -
43,284
Total expenditures
-
56,646 -
56,646
Fund Balances:
Restricted
874,161
6,513 -
880,674
Total fund balances
874,161
6,513 -
880,674
Total Liabilities and fund balances $ 874,161 $ 63,159 $ - $ 937,320
See accompanying Notes to Financial Statements
W
City of Dublin
Alameda County Transportation Commission - Measure B Funds
Combined Statement of Revenues, Expenditures and Changes In
Fund Balance
For the year ended June 30, 2013
REVENUES:
Taxes other than property
Interest
Reimbursement
Total revenues
EXPENDITURES:
Current:
Highway and Streets
Capital Outlay:
Street Overlay Program
Alamo Canal Trail Under I580
W. Dublin Bart Station/ Golden Gate Dr.
Total expenditures
OTHER FINANCING SOURCES (USES)
Transfers in (out)
Total other funding sources (Uses)
Special
Revenue Funds
Measure B Measure B Alamo
Local Bike and Canal Trail
Streets Pedestrian Under I580 Total
$ 369,676 $ 131,752 $ - $ 501,428
7,147 837 - 7,984
- 282,992 282,992
376,823 132,589 282,992 792,404
- 181,944
-
181,944
180,677 -
-
180,677
- -
306,483
306,483
165,836 288,602
-
454,438
346,513 470,546
306,483
1,123,542
- (23,491)
23,491
-
- (23,491)
23,491
-
CHANGE IN FUND BALANCES 30,310 (361,448) - (331,138)
FUND BALANCES:
Beginning of year 843,851 367,961 - 1,211,812
End of year $ 874,161 $ 6,513 $ - $ 880,674
See accompanying Notes to Financial Statements
0
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30, 2013
NOTE I - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
A. Reporting Entity
All transactions of the Alameda County Transportation Commission - Measure B Funds (Measure
B Funds) of the City of Dublin, California (City), are included as a separate special revenue fund in
the basic financial statements of the City. Measure B Funds is used to account for the City's share
of revenues earned and expenditures incurred under the City's local streets, bikes and pedestrians
and capital projects programs. The accompanying financial statements are for Measure B Funds
only and are not intended to fairly present the financial position of the City and the results of its
operations and cash flows of its proprietary fund type.
B. Basis of Accounting
The accompanying financial statements are prepared on the modified accrual basis of accounting.
Revenues are generally recorded when measurable and available, and expenditures are recorded
when the related liabilities are incurred.
The accounting and financial reporting treatment applied to a fund is determined by its
measurement focus. All governmental funds are accounted for using a "current financial
resources" measurement focus, wherein only current assets and current liabilities generally are
included on the balance sheets. Operating statements of governmental funds present increased
(revenues and other financing sources) and decreased (expenditures and other financing uses) in net
current assets.
G Description of Funds
The accounts are maintained on the basis of fund accounting. A fund is a separate accounting entity
with a self - balancing set of accounts.
The following funds are used:
Special Revenue Funds - To account for the proceeds of specific revenues that are legally
restricted to be expended for specified purposes.
l
NOTE 2 — CASH AND _ INVESTMENTS
Cash and investments are maintained on a pooled basis with those of other funds of the City. Pooled
cash and investments consist of U.S. government securities, deposits with banks, mutual funds and
participation in the California Local Agency Investment Fund. All investments are stated at fair value.
Pooled investment earnings are allocated monthly based on the average monthly cash and investment
balances of the various funds and related entities of the City.
See the City's Comprehensive Annual Financial Report for disclosures related to cash and investments
and the related custodial risk categorization. This may be obtained from the City of Dublin, 100 Civic
Plaza, Dublin, California 94568.
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION CONBUSSION
MEASURE B FUNDS
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30, 2013
NOTE 3 — RECEIVABLES
The receivables represent the Measure B sales tax revenues and project reimbursements for the fiscal
year received from the Alameda County Transportation Commission after June 30, 2013.
NOTE 4 — MEASURE B FUNDS
Under Measure B, approved by the voters of Alameda County in 1986 (Old Measure B) and in 2000,
Alameda CTC Measure B, the City receives a portion of the proceeds of an additional one -half cent sales
tax to be used for transportation - related expenditures. This measure was adopted with the intention that
the funds generated by the additional sales tax will not fund expenditures previously paid for by property
taxes but, rather, would be used for additional projects and programs.
Local projects funded by Measure B were as follows:
• Highway & Streets (Public Work Admin) Bicycle Master Plan Program Implementation and
update of 2007 Bikeway and Pedestrian Mater Plan.
• Alamo Canal C1P #960008 (Trail Under 1 -580). Measure B provided funding associated with
construction of a trail underneath I -580 connecting the Alamo Canal Trail between Dublin and
Pleasanton.
• Golden Gate 9960027 (West Dublin BART Improvements). Measure B provided funding
associated with improvements and enhancements along Golden Gate Drive from Dublin
Boulevard to the West Dublin/Pleasanton BART station.
• Sidewalk Overlay Program - Measure B provided funding for the replacement of asphalt overlay
on streets throughout the City and prolongs the useful life of the pavement. The scope of work
includes removing and replacing failed pavement, placing asphalt concrete overlay and restriping
the street.
From a pool of funds held by the County, Certain additional portion of the pool is allocated among the
cities in the County, based on the cities' populations and the number of roads within their city limits for
other transportation- related projects. Funds allocated for streets and roads; bike lanes and pedestrian
lanes are recorded as a special revenue funds.
Regional capital projects not using Local Funds, being constructed under contract administered by the
City of Dublin were as follows:
Alamo Canal Trail Under 1 -580 - This project is a multi- agency partnership including Measure B as well
as funding provided by the East Bay Regional Park District and the Cities of Dublin and Pleasanton. The
project is independent of local funds provided as part of the Local Bike and Pedestrian funding.
CITY OF DUBLIN
ALAMEDA COUNTY TRANSPORTATION COMMISSION
MEASURE B FUNDS
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30, 2013
NOTE 5 - COlYIlVIITMENTS AND CONTINGENCIES
The City participates in several grant programs. These programs have been audited by the City's
independent accountants in accordance with the provisions of applicable State requirements. No cost
disallowances were proposed as a result of these audits; however, these programs are still subject to further
examination by the grantors and the amount, if any, of expenditures which may be disallowed by the
granting agencies cannot be determined at this time. The City expects such amounts, if any, to be
immaterial.
This Page Left Intentionally Blank
To the Honorable Members of the City Council
City of Dublin, California
We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the basic financial statements of the Measure B
Funds of the City of Dublin (City), California, as of and for the year ended June 30, 2013 and the related
notes to the financial statements, and have issued our report thereon date November 7, 2013.
Management is responsible for compliance with the requirements of laws, regulations, contracts, and
grants specified in the Master Programs Funding Agreement between the City and the Alameda County
Transportation Commission.
Our responsibility is to express an opinion on compliance for the Measure B funds based on our audit of
the types of compliance requirements referred to above. We conducted our audit of compliance in
accordance with auditing standards generally accepted in the United States of America; the standards
applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States; and requirements specified in the Master Programs Funding Agreement
between the City and the Alameda County Transportation Commission. Those standards and
requirements require that we plan and perform the audit to obtain reasonable assurance about whether
noncompliance with the types of compliance requirements referred to above that could have a direct and
material effect on Measure B Funds occurred. An audit includes examining, on a test basis, evidence
about the City's compliance with those requirements and performing such other procedures as we
considered necessary in the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for the Measure B
Funds. However, our audit does not provide a legal determination of the City's compliance.
III
In our opinion, the City complied, in all material respects, with the types of compliance requirements
referred to above that could have a direct and material effect on Measure B Funds for the year ended
June 30, 2013.
T 925.930,0902
Accountancy Corporation F 925,930,0135
3478 Buskirk Avenue, Suite 215 E maze@mazeassociates.com
Pleasant Hill, CA 94523 9 w mazeassociates.com
Report on Internal Control Over Compliance
Management is responsible for establishing and maintaining effective internal control over compliance
with the types of compliance requirements referred to above. In planning and performing our audit of
compliance, we considered the City's internal control over compliance with the types of requirements
that could have a direct and material effect on each major federal program to determine the auditing
procedures that are appropriate in the circumstances for the purpose of expressing an opinion on
compliance for the Measure B Funds and to test and report on internal control over compliance, but not
for the purpose of expressing an opinion on the effectiveness of internal control over compliance.
Accordingly, we do not express an opinion on the effectiveness of the City's internal control over
compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over
compliance does not allow management or employees, in the normal course of performing their assigned
functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a
federal program on a timely basis. A material weakness in internal control over compliance is a
deficiency, or combination of deficiencies, in internal control over compliance, such that there is a
reasonable possibility that material noncompliance with a type of compliance requirement of a federal
program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in
internal control over compliance is a deficiency, or a combination of deficiencies, in internal control
over compliance with a type of compliance requirement of a federal program that is less severe than a
material weakness in internal control over compliance, yet important enough to merit attention by those
charged with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control over
compliance that might be material weaknesses or significant deficiencies. We did not identify any
deficiencies in internal control over compliance that we consider to be material weaknesses. However,
material weaknesses may exist that have not been identified.
The purpose of this report on internal control over compliance is solely to describe the scope of our
testing of internal control over compliance and the results of that testing based on the requirements,
specified in the Master Programs Funding Agreement between the City and the Alameda County
Transportation Commission. Accordingly, this report is not suitable for any other purpose.
Y /10o 4�
Pleasant Hill, California
November 7, 2013
10
ALAMEDA COUNTY
VEHICLE REGISTRATION FEE (VRF)
MEASURE F PROGRAM
FINANCIAL STATEMENTS
FOR THE YEAR ENDED JUNE 30, 2013
This Page Left Intentionally Blank
ALAMEDA COUNTY VEHICLE REGISTRATION FEE (VRF)
MEASURE F PROGRAM
FINANCIAL STATEMENTS
For The Year Ended June 30, 2013
Table of Contents
Page
IndependentAuditor's Report ............................................................................................................................. 1
Financial Statements:
BalanceSheet .................................................................................................................................. 3
Statement of Revenues, Expenditures and Changes in Fund Balance ........................................... 4
Notes to Financial Statements .......................................................................................................... 5
Independent Auditor's Report on Vehicle Registration Fee (VRF) Measure F Compliance ........................ 7
This Page Left Intentionally Blank
City
• Dublin, California
111911,11110JU 11 , . � I �
, , 1 91 1 If 31 Ing"
M
We have audited the accompanying financial statements of the Alameda County Vehicle Registration Fee
(VRF) Measure F Program (Measure F Program) of the City of Dublin (City), California, as of and for the
year ended June 30, 2013, and the related notes to the financial statements, which collectively comprise
the Measure F Program's basic financial statements as listed in the Table of Contents.
MM
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of the financial statements that are free from material misstatement, whether due to fraud or
error.
Our responsibility is to express opinions on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America and the
standards applicable to financial audits contained in Government Auditing Standards, issued by the
Comptroller General of the United States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor's judgment, including the assessment
of the risks of material misstatement of the financial statements, whether due to fraud or error. In making
those risk assessments, the auditor considers internal control relevant to the City's preparation and fair
presentation of the financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City's internal
control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of
accounting policies used and the reasonableness of significant accounting estimates made by management,
as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinions.
As discussed in Note 2 to the financial statements, the financial statements referred to above present only the
Measure F Program and are not intended to present fairly the financial positions of the City and the results
of its operations in conformity with generally accepted accounting principles.
T 925.930.0902
Accountancy Corporation F 925.930.0135
3478 Buskirk Avenue, Suite 215 E maze@mazeassociates.com
Pleasant Hill, CA 94523 j w mazeassociates.com
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial
position of the Measure F Program of the City as of June 30, 2013, and the change in financial position for
the year then ended in conformity with accounting principles generally accepted in the United States of
America.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November 7,
2013, on our consideration of the City's internal control over financial reporting and on our tests of its
compliance with certain provisions of laws, regulations, contracts, and grant agreements and other
matters. The purpose of that report is to describe the scope of our testing of internal control over financial
reporting and compliance and the results of that testing, and not to provide an opinion on internal control
over financial reporting or on compliance. That report is an integral part of an audit performed in
accordance with Government Auditing Standards in considering the City's internal control over financial
reporting and compliance.
Gt ie I�/,4% G+
Pleasant Hill, California
November 7, 2013
City of Dublin
Alameda County Transportation Improvement
Authority - Vehicle Registration Fee
Balance Sheet
June 30, 2013
See accompanying Notes to Financial Statements
Special
Revenue Fund
Vehicle
Registration
Fee
Total
ASSETS
Cash and investments
$ 371,347
$
371,347
Due from other governments
62,481
62,481
Total assets
$ 433,828
$
433,828
LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable
$ 105,325
$
105,325
Total liabilities
105,325
105,325
Fund Balances:
Restricted
328,503
328,503
Total fund balances
328,503
328,503
Total liabilities and fund balances
$ 433,828
$
433,828
See accompanying Notes to Financial Statements
City of Dublin
Alameda County Transportation Improvement Authority
- Vehicle Registration Fee Statement of Revenues,
Expenditures and Changes In Fund Balance
For the year ended June 30, 2013
REVENUES:
Intergovernmental
2012 -13 Allocation
2011 -12 Allocation
2010 -11 Allocation
Interest
Reimbursement
Total revenues
EXPENDITURES:
Current:
Highway and Streets
Capital Outlay:
Traffic Signal Improvements
Total expenditures
NET CHANGE IN FUND BALANCE
FUND BALANCE:
Beginning of year
End of year
Special
Revenue Funds
Vehicle
Registration
Fee Total
$ 246,196 $
246,196
25,027
25,027
17,596
17,596
2,796
2,796
723
723
292,338
292,338
156,497
156,497
40,468
40,468
196,965
196,965
95,373
95,373
233,130
233,130
$ 328,503 $
328,503
0
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY VEHICLE REGISTRATION FEE (VRF) MEASURE F PROGRAM
Notes to the Financial Statements
For The Year Ended June 30, 2013
TOTE 1— BACKGROUND
Measure F Program - Alameda County Vehicle Registration Fee Measure F (Measure F
Program) was approved by the voters in November 2010, with 63 percent of the vote. The fee
will generate about $10.7 million per year by a $10 per year vehicle registration fee. The
collection of the $10 per year vehicle registration fee started in the first week of May 2011. The
goal of the VRF Program is to sustain the County's transportation network and reduce traffic
congestion and vehicle related pollution. The program includes four categories of projects:
• Local Road Improvement and Repair Program (60 percent)
• Transit for Congestion Relief (25 percent)
• Local Transportation Technology (10 percent)
• Pedestrian and Bicyclist Access and Safety Program (5 percent)
The Alameda County Transportation Commission administers the program and distributes an
equitable share of the funds among the four planning areas of the county over successive five year
cycles. Geographic equity will be measured by a formula, weighted 50 percent by population of
the planning area and 50 percent of registered vehicles of the planning area.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLE
Reporting Entity — All transactions of the Measure F Program of the City are included as a
separate special revenue fund in the basic financial statements of the City.
The accompanying financial statements include the Measure F Program only and are not intended
to fairly present the financial position, results of operations and cash flows of the City in
conformity with accounting principles generally accepted in the United States of America.
Basis of Accounting — The accompanying financial statements are prepared on the modified
accrual basis of accounting. Revenues are generally recorded when measurable and available, and
expenditures are recorded when the related liabilities are incurred.
The accounting and financial reporting treatment applied to a fund is determined by its
measurement focus. All governmental funds are accounted for using a "current financial
resources" measurement focus, wherein only current assets and current liabilities generally are
included on the balance sheets. Operating statements of governmental funds presents increases
(revenues and other financing sources) and decreases (expenditures and other financing uses) in
net current assets.
Description of Funds — The accounts are maintained on the basis of fund accounting. A fund is a
separate accounting entity with a self - balancing set of accounts.
CITY OF DUBLIN, CALIFORNIA
ALAMEDA COUNTY VEHICLE REGISTRATION FEE (VRF) MEASURE F PROGRAM
Notes to the Financial Statements
For The Year Ended June 30, 2013
OTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES Continued
The following funds are used:
Special Revenue Funds - To account for the proceeds of specific revenues that are legally
restricted to be expended for specified purposes.
Use of Estimates - Management uses estimates and assumptions in preparing the financial
statements. Those estimates and assumptions affect the reported amounts of assets and liabilities,
the disclosures of contingent assets and liabilities, and the reported revenues and expenses. Actual
results could differ from those estimates.
OTE 3 - CASH AND INVESTMENTS
Cash and investments are maintained on a pooled basis with those of other funds of the City.
Pooled cash and investments consist of U.S. government securities, deposits with banks, mutual
funds and participation in the California Local Agency Investment Fund. All investments are
stated at fair value. Pooled investment earnings are allocated monthly based on the average
monthly cash and investment balances of the various funds and related entities of the City.
See the City's Comprehensive Annual Financial Report for disclosures related to cash and
investments and the related custodial risk categorization. This may be obtained from the City of
Dublin, 100 Civic Plaza, Dublin, California 94568.
1 111311 F1 WEN71"I
Included in the 2012 -13 allocation is $21,166, which the City received after June 30, 2013, but
accrued as fiscal year 2013 revenue. 2012 -13 allocation received by the City between July 1,
2012 and June 30, 2013 amounted to $225,030.
1511iiii FIVE
To the Honorable Members of the City Council
City of Dublin, California
We have audited, in accordance with the auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards
issued by the Comptroller General of the United States, the basic financial statements of Measure F
Program of the City of Dublin (City), California, as of and for the year ended June 30, 2013 and the related
notes to the financial statements, and have issued our report thereon date November 7, 2013. Our report
included an emphasis of a matter paragraph disclosing the implementation of new accounting principles.
Management is responsible for compliance with the requirements of laws, regulations, contracts, and
grants specified in the Master Programs Funding Agreement, between the City and the Alameda County
Transportation Commission.
Our responsibility is to express an opinion on compliance for the Measure F Programs based on our audit
of the types of compliance requirements referred to above. We conducted our audit of compliance in
accordance with auditing standards generally accepted in the United States of America; the standards
applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller
General of the United States; and requirements specified in the Master Programs Funding Agreement
between the City and the Alameda County Transportation Commission. Those standards and requirements
require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance
with the types of compliance requirements referred to above that could have a direct and material effect on
Measure F Funds. An audit includes examining, on a test basis, evidence about the City's compliance with
those requirements and performing such other procedures as we considered necessary in the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for the Measure F
Funds. However, our audit does not provide a legal determination of the City's compliance.
Accountancy Corporation
3478 Buskirk Avenue, Suite 215
Pleasant Hill, CA 94523
7
T 925.930.0902
F 925.930,0135
E maze@ m azeassoci ates, com
w mazeassociates.com
Opinion on Measure F Funds
In our opinion, the City complied, in all material respects, with the types of compliance requirements
referred to above that could have a direct and material effect on Measure F Funds for the year ended June
30, 2013.
Report on Internal Control Over Compliance
Management is responsible for establishing and maintaining effective internal control over compliance
with the types of compliance requirements referred to above. In planning and performing our audit of
compliance, we considered the City's internal control over compliance with the types of requirements that
could have a direct and material effect on each major federal program to determine the auditing procedures
that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for the
Measure F Funds and to test and report on internal control over compliance, but not for the purpose of
expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not
express an opinion on the effectiveness of the City's internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over
compliance does not allow management or employees, in the normal course of performing their assigned
functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a
federal program on a timely basis. A material weakness in internal control over compliance is a
deficiency, or combination of deficiencies, in internal control over compliance, such that there is a
reasonable possibility that material noncompliance with a type of compliance requirement of a federal
program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in
internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over
compliance with a type of compliance requirement of a federal program that is less severe than a material
weakness in internal control over compliance, yet important enough to merit attention by those charged
with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control over
compliance that might be material weaknesses or significant deficiencies. We did not identify any
deficiencies in internal control over compliance that we consider to be material weaknesses. However,
material weaknesses may exist that have not been identified.
The purpose of this report on internal control over compliance is solely to describe the scope of our testing
of internal control over compliance and the results of that testing based on the requirements specified in
the Master Programs Funding Agreement between the City and the Alameda County Transportation
Commission. Accordingly, this report is not suitable for any other purpose.
DLI e, i ;Y4 0��
Pleasant Hill, California
November 7, 2013
f 1 11 I'll',
M it
N
Lill-, %-.LLJ
City
• Dublin, California
A. We obtained the Appropriations Limit Worksheet and determined that the 2013-2014
Appropriations Limit of $226,135,179 and annual adjustment factors were adopted by Resolution
• the City Council. We also determined that the population and inflation options were selected by.?-
recorded vote • the City Council.
B. We recomputed the 2013-2014 Appropriations Limit by multiplying the 2012-2013 Prior Year
Appropriations Limit by the Total Growth Factor.
C. For the Appropriations Limit Worksheet, we agreed the Per Capita Income and City and County
Population Factors to California State Department of Finance Worksheets.
'17-0-TW=7 engagea to, an a no T, 7 o nauct an aualt, e o 6 — TV e o t wffi-ch-I 15 e -
opinion on the Appropriations Limit Worksheet. Accordingly, we do not express such an opinion. Had we
performed additional procedures, other matters might have come to our attention that would have been
reported to you.
This report is intended solely for the information of management and the City Council; however, this
restriction is not intended to limit the distribution of this report, which is a matter of public record.
Avy, i PA 0 C;411�
1 •9 11# M
T 925.930.0902
Accountancy Corporation IF 925,930,0135
3478 Buskirk Avenue, Suite 215 E maze@mazeassociates.com
Pleasant Hill, CA 94523 w mazeassociates.com